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HomeMy WebLinkAboutcoa.lu.ec.Red Onion Condominiumization --------- - '- - "'-- - '-- -' ~,./ " K ~, , CASELOAD SUMMARY SHEET City of Aspen PROJECT NAME:: ,Ku; tJ~ - ,xj:u~ APPLICANT: fu ()IUAJ~..&~--<1 'REPRESENTATIVE: b-lJ7MuP?r1. e7~ TYPE OF APPLICATION: 1. GMP/SUBDIVISION/PUD (4 step) ($1,840) ($1,120) ($ 560 ) L J.( 2. Use Determin~tion 3. Conditional Use REFERRALS: ,/ Attorney ~Engineering Dept. Housing Water City Electric Date Referred: Sanitation District Mounta in Be 11 Pa rks Holy Cross Electric , Fire Marshall/Building Dept. //1~t( , I_ School District Rocky Mtn. Nat.G, State Hgwy. Dept. Fire Chief Other Date Routed: ,i IlJi cu." ~~ '. ,.:, l _ FINAL ROUTING: ~~torney ~ding / ~ngineering Other - _C,.. ,~. ~ ,-... ~ DISPOSITION: CITY P&Z REVIEW: ',-- ',--~ CITY COUNCIL REVIEW: Ordinance No. , "-..> o "CC. ("::, r--: LO N a:: w G::o We:: :;::0 :z:c <<w <::>"" <>-= t:':t- tJ.J 1'"-' "";Z 0- ....'" 0- L -::r 0.::> . r-o, .~ ::lit: "- en .,.. N Beog 461 PAGE192 COVENANT OF RED ONION INVESTORS <.c to &: The following is intended to be a binding, continuing covenant on the part, of RED ONION INVESTORS, a joint venture, enforceable by the City of Aspen and upon which the hereinafter building permit of RED ONION INVESTORS, the Certificate of Occupancy anticipated to result therefrom, and subsequent condominium approval is and shall continue to be conditioned. CHARLES B. ISRAEL, managing joint venturer of RED ONION IN- VESTORS, being first duly sworn upon his oath, avers and cer- tifies as follows: GENERAL RECITALS 1. RED ONION INVESTORS is the owner of all of the Red Onion Condominiums situate on Lots N, 0 and P, Block 89, City and Townsite of Aspen, pitkin County, Colorado, and therefore the owner of those said lots, 2. RED ONION INVESTORS has applied for a building permit to construct 2,565 square feet of commercial space situate above Condominium Unit #4, Red Onion Condominiums. 3. RED ONION INVESTORS has requested that its building permit include 255 square feet of garden area which is not intended to be a commercial use but rather is mechanical space in the form of a passive collector and biomass which it has requested the City of Aspen Board of Adjustment to consider to be not to be within the floor area ratio calculations for purposes-of its building permit application for said 2,565 square feet of commercial space. COVENANTS 1. In consideration of the granting of a variance by the permit requested by RED ONION INVESTORS including the 2,565 square feet of commercial area and in addition thereto the approximately 255 square feet of glassed-in garden area, RED ONION INVESTORS covenants that the 255 square foot garden area shall not be utilized as commercial space but rather that its purpose shall be limited to a solar collector and biomass area, mechanical in nature. 2. That the covenant herein made shall be a covenant running with the land above described having a term of the greater of fifty (50) years or the lives of all of the joint venturers of RED ONION INVESTORS and their now living children plus twenty-one years (21). 3. That the provisions of this covenant shall be contained in an amendment to the Condominium Declaration for Redl I I ! . ~ ,~, .~ .-" BOOK 461 PAGE193 Onion Condominiums which will be presented to the land use authorities of the City of Aspen for approval upon completion of the improvements contemplated under the solicited building permit, but no later than May 1, 19841 in addition, RED ONION INVESTORS will insert appropriate plat language on the Condo- minium Plat for Red Onion Condominiums reflecting the existence of the foregoing covenant. 4. In the event of any violation of the said,cove- nant, the City of Aspen shall be entitled to enjoin the further use by RED ONION INVESTORS and its grantees of the said garden area in addition to any other remedies which may be available to it by 1aw1 and in the event of any litigation arising hereunder, if the City of Aspen shall prevail therein, it shall be entitled to its reasonable attorneys' fees in enforcing the covenant herein recited. 5. This Covenant shall be binding upon RED ONION INVESTORS, its successors, grantees and assigns in and to Red Onion Condominiums and each and all of the condominium units therein. Dated: l-/ z, STATE OF COLORADO COUNTY OF PITKIN The foregoi this, -<,Q/1 day of Managing Joint Venturer of RE ss. , 1984. RED ONION INVESTORS, a joint venture, By ~'.L Charles B. Israel Managing Joint Venturer instrument was acknowledged before me , 1984, by CHARLES B. ISRAEL, as ONION INVESTORS, a joint venture. WITNESS my hand and official seal. oJ' \), VA; s) .~".... \,C:-., My commission expires: q - /:5 '0 7 . \' ~: ~OT/\f(y \' ~ : i.'.1.~~AL) , 1)"\' A.." ,(,~ :A "'i..P B I-\~' ( ...., "":~~"';, .. r ."~".." r . "" (' Or: (';0\ LM07.11 -2- ;"",\, ~. MEMORANDUM TO: Aspen City Council FROM,: Colette Penne, Planning Office RE: Recondominiumization of the Red Onion DATE:, February 13, 1984 This building has been condominiumized previously through the sub- divis~on exception process into four units. This application proposes to divide the newly-constructed addition into four additional units and to adjust the lines between the original units to accurately show the as-built boundaries. These minor adjustments were made in the building remodel to accommodate space needs of the current tenants, who are Special Occasions, the Red Onion Restaurant and Stefan Kaelin's Sport Shop. The basic issue to be addressed in this one-step process is to assure that the platting is accurate and conforms to all Code requirements. The Engineering Department's comments (attached) list five revisions to the plat which will be required prior to recordation. Engineering also requests that the utility meters and pedestals that presently protrude into the alley be moved into the new trash and utility area. The applicant has indicated that he is willing to escrow the necessary funds to assure that this work will be completed. PLANNING OFFICE RECOMMENDATION AND COUNCIL ACTION The Planning Office recommends that Council make the following motion: "I move approval of a subdivision exception for the purpose of re-condominiumization of the Red Onion Condominiums into eight units with the following conditions: 1. Prior to recordation of the Red Onion plat, the following modifications should be made: a. Retitle as an Amended Condominium Map; b. Provide surveyor's signature and seal1 c. Have owner sign the plat; d. Provide title certificate1 and e. Add an index to sheet one. 2. Funds must be escrowed to assure the relocation of the utility meters and pedestals with the City Engineer prior to the City signing off on the plat. ."'. , ~ " ~ . ~!fi~ ri - V,A'" .>' t d ,If I ",\'_~,'l v 1I 1 o ..'...... ...~'~' _,...l LAW OFFICE.S OATES, HUGHES 8: K-NEZEVICH Pl=l'OF'ESSIONAl,.. CORPORATION. THIRD ':l,..OOR, ASPl!:N Pl,..AZA aYll..OING ,. 533 EAS.T HOPKINS AVENUE: l,..EONARO M. OATl!:S ROeERT w. HUGl-Il!:S RICHARD A.KNEZEVICH DEBORAH.QUINN ASPEN, COLQRAOO BI61l February 6, 1984 AREA C;OOE 303 TEI..EPKONE 9~O-1700 TELECOPIER 920-1121 Barry D. Edwards Assistant City Attorney 600 East Hopkins Aspen, Colorado 81611 RE: Covenant regarding garden area - Red Onion Offices , 1 ! f Dear Barry: Pursuant to our telephone conversation in January, I enclose herewith the executed Covenant of Red Onion Investors executed by Charles B. Israel as the Managing Joint Venturer establishing the restrictions upon the use of the biomass or garden area within the Red Onion offices recently completed. I am also enclosing our check in the amount of $6.00 for recorda- tion of this document by the appropriate city agency. BY~.~ Leonard M. Oates f , ~ ! f' h ~; , , ! i ~ f f ! Very truly yours, OATES, HUGHES & KNEZEVICH, P.C. LMO:lam Enclosures LM06.10 .~" '~ RECEIVEDFEB 7 1984 ,- " ' ~ ~ ,~ '''':..' .. .,~ . 1 , 4 J_ 4,'! 'j I It! <,,~,,-,",._L~ OATES, HUGHES & KNEZEVICH, P.C. ATTORNEYS AT LAW Third Floor, Aspen Plaza Building 533 East Hopkins Avenue 920-1700 Aspen, Colorado 81611 N'! 7048 PAY the sum of (i) dorso octs FIRST NATIONAL BANK Aspen, Colorado 82-164/1021 1180 TO 2/6/84 ImAMOUNT 6.00 DATE r ., THE ORDER Pitkin County Clerk & Recorder OF L J 11"00 70 I., a II" I: ~b 2 ~o ~ b I., 51: 00 I., :ll.,a ?!I" VO$' JIodrv _.In hnl< _ OATES, HUGHES, KNEZEVICH, P.C. Recording fee for Covenant of Red Onion Investors l. eos, G/L. Acct. 5\1)). p Emp. No. D&l>1t Amnt. CredJt ADult. Cost G/LMct. Sub. P EDlp. No. Debit Amat. ' er_ AmDt. ~ CeDt&: R Center R , '~"/>-'~~~':-,~~--7~~',_~,,~~:<,:"?"""~,~'''"''"'7'?:-~7~~,7~::''''f/ ~. '~,," M'~: , ..', , '-.' ~ '.,\j, " ,\, .' '\. ''\., " ,''-v' .,',,' ~l ,', ~, " . !\ \ .' '. I , i:" , . , , " I " '. .. /' .,-., ,.-., 130 asp reet 611 MEMORANDUM Paul J. Taddunc City Attorney Barry D. Edwards x;:,rey$X~x Assistant City Attorney Peggy Carlson Ad ministrative Assistant FROM: Planning Office, Colette Penne Barry D. Edwar,;.sf!!iJt-. January 30, 1984 TO: DATE: RE: Red Onion Condominiums-Special Review We have reviewed the correspondence from Lennie Oates dated January 5, 1984, received January 9, 1984, together with the proposed revised plat for Red Onion Condominiums (four pages) . We have only two comments: 1. This new condominiumization should go through the exception process under Sec. 20-19, since it is, in effect, a new condominium. The usual verified application, etc., appears to be the appropriate procedure. 2. The exception application should demonstrate com~ pliance with the GMP submission as approved, including any employee housing requirements. I assume that the condominium documentation previously presented on the original condominiumi- zation will not be substantially changed. However, if it is, we would like an opportunity to review it. ,"-", r-., MEMORANDUM TO: qglettePenn~,PlanningOffice Jay Hammond, City Engineering ~ FROM: DATE: January 26, 1984 RE: Red Onion Recondominiumization Having reviewed the above application, and made a site inspection, the City Engineering Department has the following comments: 1. It has been our desire for some time now to have the various utility meters and pedestals that protrude into the alley on the north side of the structure moved into the new trash and utility area that was constructed during the renovation of the building. Pursuant to my conversation with Lenny Oates today, and in view of the fact that current weather precludes doing the work now, we recommend the applicants be required to escrow funds, based on estimates by contractors qualified to vaocate the various facilities, to be released by the City Engineer following completion of the work in the Spring. 2. Prior to recordation of the Red Onion plat, the following modifications should be made: a. Retitle as an Amended Condominium Map b. Surveyor's signature and seal c. Owner's signature d. Title certificate e. Add an index to sheet one c JH/co ,-;;10 Q (;::J 'j <;Jl(RlJ1 ",I!:ji;')n !UIJ,::;- ~t1."Jt,..~ \'~! r5Cll " I In"----"~--'--"--'---~----" III ~, ( "1 ~ l ~ ; , Ii'11 1" , II' J n rj "<98 n I, 11~ K:\ :"J L.'-t :'U'j 1" , " '- J' ,,:iPt-j\j / PITKIN CO, PLANNING OfFICE .;.,."),~,.>.;:..,',:::.,,,.-~. "i.... .,:.o<""'.::'\~.~~u; ,-, ..-., MEMORANDUM TO: ~ Attorney ~ty Engineering Department FROM: Janet Weinstein, Planning Office RE: Red Onion Condominiu~s - Special Review DATE: January 9, 1984 Attached yell will please find an application submitted by Red Onion Investors requesting approval of the recondominiumization of the Red Onion Condominiums. Please review this material and submit your referral comments to the Planning Office no later than January 30, 1984 in order that Colette Penne has adequate time to prepare for its presentation before City Council on February 13, 1984. Thank you. " . ,-.. ,-." LAW OF'F'ICES OATES, HUGHES & KNEZEVICH PROFESSIONAL CORPORATION THIRD FLOOR, ASPEN PLAZA BUILDING LEONARD M. OATES ROBERT W. HUGHES RICHARO A. KNEZEVICH OE:SORAH QUINN 5~3 EAST HOPKINS AVENUE ASPEN, COLORADO S1611 January 5, 1984 AREA CODE 303 TELEPHONE 920-1700 TELECDPIER 92:0-1121 City of Aspen Planning Aspen City Hall 130 South Galena Aspen, Colorado 81611 Department Hand Delivery ATTENTION: COLLETTE PENNE RE: RED ONION CONDOMINIUMS Dear Collette: I enclosed hereby five copies of a proposed condominium plat for Red Onion Condominiums. For your information, if you are not already aware, this project was previously condominiumized into four condominium units pursuant to exemption granted from the City of Aspen. The purpose of this submittal is twofold. First, in the substantial remodeling that we have done of the previously existing structure, certain adjustments to the lines of Units One, Two, and Three were made to accommodate Special Occasions, the Red Onion Restaurant, and Stefan Kaelins' Sport Shop. Secondly, pursuant to Growth Management approval, new construction occurred that has recently been completed creating four new units (Units Five through Eight, inclusive) above Unit Four occupied by Stefan Kaelins' Sport Shop. Our request is for a one-step approval of the recondominiumization allowing the readjustment of the first four unit lines and the submittal of the new construction to the condominium regime. In addition, I enclose herewith Red Onion Investor's check in the amount of $460.00 in payment of the processing fee together with a Title Insurance Commitment reflecting ownership of the project in Red Onion Investors. It is proposed that the prior Condominium Declaration with respect to this project be revoked, and upon revocation, therefore, the property ownership of the lots upon which it is situate, i.e. Lots N, 0 & P, in Block Eighty-Nine (89), City and Townsite of Aspen, together with all improvements thereon, will be vested in Red Onion Investors Joint Venture. 1""""\ .-,. OATES, HUGHES 8< KNEZEVICH, P. G. City of Aspen Planning Department December 27, 1983 Page 2 If you should be in need of additional information to process this Application, please feel free to contact me and I will be more than happy to provide the same. Very truly yours, OATES, HUGHES & KNEZEVICH, P.C. By ~~o..~ Leonard M. Oates LMO:lam Enclosures LM01.46 . Am~rican Land Title Association Commitment nfied 10/73 ~ " J j I I I I t . I t I I COMMITMENT FOR TITLE INSURANCE ISSUED BY f t I I t STEWART TITLE GUARANTY COMPANY STEWART TITLE GUARANTY A Texas n, herein called the Company, for valuable consideration, hereby commits to'issue its policy or po ici of title insurance, as identified in Schedu Ie A, in favor of the proposed I nsurednarn~din.sc/"l.edule, wner or mortgagee ofthe estate or interest covered hereby in the land d~ciibe~:oi::f,efEwred to in Sc ule A, upon payment of the ", .','" ,"" " ."" ","" ',"" premiums and chargesth~refor;allsubjec;:(tQi:hep~ovisions<ifSc;:hedules A dB and to the Conditions and Stipulations hereof, .' ,'" , ' t I I This Commitment shall be effective only''Whe'ri the' (, : y of the proposed Insured and the amount of the policy or pOlicies committed for have been i, 'rt ,in Schedule A hereof by the Company, either at the time of the issuance of thisComhi!tment or'};;,' ;:bsequent endorsement. ',.", '" '.... , ' . ,'. This Commitment is preliminary tO~l1~issuance of suth:pEiIii; or policies of title insurance and all liability and obligations hereunder shilil;J::,ejjwand termlri!\te'six months after the effective date hereof or when the policy or policies comrjJ!" ' r shall iSS!J~>wbichever first occurs, provided that the failure to issue such policy or policies''!$': ,,"~ fc<ji-!it,:oti/:le C,ompany, This Commitment shall not be valid or binding until countersigned bv:il,i:(i'iu ',',' ri. .Offiqeroragent, .'". ' ,. '.'" IN WITNESS WHEREOF, the comp~riy,'han;au , CJ ~liis Commitment to be signed and sealed, to become valid when countersi d by ah"authOrizedofficer oragent of the Company, all in accordance with its By-Laws. This Commi ent is eff&:tiite asofthe date shown in Schedule A as "Effective Date," ~~ ~~- Chairman of the Board elAawI/1t'~ ~'l'~'\~ARTTITLE 'A.~'A:OTY COH'PA:SY :... ,ill.'lill,)"'~ " '.:~I!J ""i'\.E G ~ \\''''''i.\.~.....P..,~.:o:. .,~~'t;-.." .*~ .....1:z,.'\. >'$;E/ Cl:>'i''jI{},f>4,.>: '~:;..l,,'a .,~~:~ -*- ~,:-(~ . ..~~.... 190B !g~ ".\,~,';;""i-':'~':'(~>} ....~ EXP. 111;( ~""""""/(/II(1II1I1I1. President ,)"anni(l' ul ('OIl!mCf Se,;al No. cc 142 394 165 " ~ SCHEDULE A Order Number: 12105 Commitment Number: 1. Effective date: Deeembel" 29, 1983 at 8:00 A.M. 2: Policy or Policies to be issued: A. AlT A Owner's POlicy Proposed Insured: '!'m> $ Amount of Insurance 'fBD Premium '!:'BD 6. ALTA Loan Policy proposed Insured: $ ,c, $ 3. The eslate orihlerest in the. land described or referred to in this commitment and covered herein . is fee simple and title thereto is. at the effective date hereof vested in: Red Onion Investors 4. The land referred to in this commitment is described as follows: QmdomlnlU11l Units 1 to _.RED ONI~ OOl'lOOMIlnmfS, ac~ol"ding, to the COndom1l11U11l Map the_ot, _cot'ded Ma~ 2. 19~2 in Plat BOok U at Page 15 as Reception Nth 231169. and as hnner. defIned and descl"1bedfn the CondomInfUlll Dee lara tlQJ1. t(}rRed Onion <:Ond~,om, l1uma. reeol"ded Mat"eh 2, 1981 In Bc:>>k 404 at Page9l;l1 as ReeepUonNo. 231112. .._.. or 1'1_., ~._ ....._\( o G II ~) , Authorized Count~r"5ignature Page 2 STEWART TITLE GUARANTY COMPANY 1652 (20MA-83) '" :.-: "-"" ,- ~ SCHEDULE B - Section 1 Order Number: 12105 Commitment Number: Requirements The following are the requirements to be complied with: Item (a) Payment to or for the account.ofthe grantors or mortgagors of the full,consideration for the estate or interest to be insured. Item (b) Proper instrument(s) creating theestate or interest to,be insured must beexecuted and duly filed for record, to-wit; 1. lW1denee sat1s.faetory 1;f) Stewart '1'1tle Guaranty Company, .famished by the Oi"f'ieeof theflirector 01" Pinanee> City or Aspen, that the real esf;ate tl'ansfecr tax purs'IUlnt 1;0 GUy Ordinance Ne. 20 (8el"ies of' 1919)> has been paid or that eenveyance is exempt f'rom said tax. 2. Cert11"ieate .from the management group evidencing the f'act that all Condolll1n1Ul11 expenses have been paid p,ursuant to Paragraph No. 10.8 ot the Condom1n1Ul11 Declaration. 3. Record ClU"Nmt Joint Ventu1"e Mf1dav1t tor Red onion InvestoI'8,a .;Joint venture, disclosing the names ot all .;Joint 'ventureI'8. NOTE: Joo1nt Venture M ridavlt .fOl" Red on~1 on In. vestQl"S ' l"ecorded Ma1"eh 2, 19tH in Book 405 atPag 04 s Reeeption No. 231192 discloses the following Joint Ventur Albert B.Gl1e, klIIan ~ Elaine 1l. MoDade 0 ' Robert R. ooe.n James R. McDade Leonard M.Qates Rooky Mountain & Jfd Ii!.. Co.. a Co1orado corporation. 4. D1sposit1cm of ens> plU'sllaat to Colorado Rule of Civil Proeedure 105 { ,urt detel'llllnation,d1sela1lller, r1ns1 judgement or Cel."toate of Dismissal issued by the Clerk or the Court, in Civil Action No. (none given) in the Dtstn.ct Court of' Pitkin County entitled Hunte!" Construction Corporation, a CcllOl"adoClorporaat1on> plalntlrr> vs. Red Onlon Investora, a Colol'adO Joint Venture, de1'endents. Notice of Lis Pendens :reoorded .April 26, 1982 in Book 425 at Page 619a8 Reeep1:!on No. 21f 1851 5. Release or Pfeehanies' Lien, evldeneed by Statement of' Hunte:&'" Coll3truet10n Corporation, in the amOU)!lt: of' $69.101.11, l'eeol'ded .April 12, 1982 1n Book 4'21f at Page 943 as Reeept1ol'! No. 240540. 1653 (20M-4-831 Page 3 STEWART TITLE GUARANTY COMPANY COpy FOR ISSUING OFFICE .- ~, .,-.., ~. SCHEDULE B - Section 2 ExcePtions Order Number: 12105 Comm itriient Number: The policy or pOlicies to be issued will contain exceptions to the following unless the same are disposed of to the satisfaction of the Company: 1. Rights or claims of parties in possession not shown by the pubri?:~;~cords.. 2. Easements, or claims of easements, not shown by the public records. 3. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, and any facts which a correct survey and inspection of the premises would disclose and which are not shown by the public records. 4. Any lien, or right to a lien, for services, labor or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 5. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the publiC records or attaching subsequent to the effective date hereof but prior to the date the proposed insured acquires of record for value the estate or interest or mortgage thereon covered by this Commitment. ' 6. Any and all unpaId taxes and assessments. 1. The effect of inclusion In any general or specific water conservancy. fire protection. soil conservation or other dIstrict or Inclusion in any water service or a reat improvement area. 8. All area and mineral and mineral beaJ01.ng :r>ock an so much of that portion of said lot: beneath i urface as be necessary for mining purpo8es wIth right to ener within said prem18e8 with underground world. and to mine. extract and remove the saId o.re8 nd m1nerals therein contained. l!l.S deacr1bed in Instrument eorded June 6. 1891 in Boo.k 93 at Page 161 (as to the East feet 0.1" Lot 0 at'ld the West 9 and two-thirds f'e of Lo.t P). 9. An easementfo party wall Lot N a$ eviden ed in Deed 114 at Page 445. 'ttg the Westerly l1neof said recorded August 22. 1~56 in BoOk 10. TeI'llls. cottd:1tions and restpict:1ons as contained in Covenants recorded lIIa!"ch 2. 1'81 in 'Book llM at 'Page 939 as Reception No. 231171. 11. Restrictions and easements as shown on plat recorded March 2, 1981 in Book 404 at Page 941 as Reception No. 231112. 12. Terms. conditions and l'estrlctlonsas disclosed by Notice of Historie Des:1gnatlon recorded January 1:3. 1915 in Book 295 at Page 515 as Reception No. 112512. 13. '1'ems, conditions. obligaticna and restr-ictions asset forth inCYondominium J!)eel&ration fo!" Red Onion Gondominiums recorded Hareh 2. lS81 in Book 4nlt at Page 941 asR'ecept.1o;a No. 231112. Exceptions numbered are hereby omitted. Page 4 STEWART TITLE GUARANTY COMPANY 1654 . (25M 3-83) . ,-, CONTINUATION SHEET SCHEDULE B-Section 2 Order Number; 12105 ~ ~, Commitment Number; 14. Terms, conditions and obligations as set forth in Lease dated August 14, 19B1, Short Form Lea,se and Opt:1on recorded August 17, 1981 in Book !l12 at Page 582 as Recept10n No. 234901. 15. Security interest under the Unifol'lll Commercial Code affecting the subject property, notice of which Is given by Financing Statement from Kaelin Enterprises, Ine. dha Stefan KaeUns and KaelIn Corporation, Inc. dba Stel"an, Kaelitls, d,ebtors, to First National Bank In 4spen, seeut"ed pal"ty, f'lled .TI11y 2, 1982 as MUng No. 06959, :recol'ded July 2, 1982 in Book 428 at Page 812 as Reception No. 242441. Page _ 0055 150M 6$3) S'I'EWART TITLE CUARANTY COMPANY