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HomeMy WebLinkAboutcoa.lu.pu.Hotel Jerome.45B-86 CASELOAD SUMMARY SHEET 73 � � DD/ • City of Aspen G DATE RE CE IV ED: -54-= CAS E NO. RI'S ' E DATE RECEIVED COM`PL`ETE : `2��;;��,- STAFF: S PROJECT NAME: \tom 2 E 0 ",-Le-W: A � pi / /Aa APPLICANT: N� V� / (` ��rnF. . � ��i�°,= �� �, Applicant Address/P/0one: //5 ) (2','.- / > ,( , f `2-- - ? c7) i REPRESENTATIVE: Representative AddressiPhone:CC-Oi ;,�, ) ,; . ciS,7 :; Type of Application: I. GMP/Subdivision/PUD 1 . Conceptual Submission 20 $2,730 .00 2 . Preliminary Plat 12 1 ,640 .00 3 . Final Plat 6 820 .00 II . Subdivision/PUD 1 . Conceptual Submission 14 $1, 900 .00 2 . Preliminary Plat 9 1 , 220 .00 3 . Final Plat 6 820 .00 III . All "Two Step" Applications' 11 $1, 490 . 00 IV. All "One Step" Applications 5 $ 680 .00 V. Referral Fees - Environmental Health, Housing Office ( 1 . Minor Applications 2 $ 50 .00 2 . Major Applications 5 $ 125 .00 Referral Fees- Engineering Minor Applications 80 .00 Major Applications 200 . 00 . U P&;\, CC MEETING DATE: -A-‘c.-4--‘ PUBLIC H EAR I G : YES COl 411,1 DATE REFERRED: r]♦ i INITIALS : REFERRALS : City Atty V Aspen Consol . S . D. School District City Engineer Mtn. Bell Rocky Mtn. Nat. Gas / Housing Dir. Parks Dept . State Hwy Dept (Glenwd) ti Aspen Water Holy Cross Electric State Hwy Dept (Gr.Jtn) City Electric Fire Marshall \ Bldg: ing/Inspectn Envir. Hith . Fire Chief Other : Roaring Fork Transit Roaring Fork Energy Center FINAL ROUTING : DATE ROUTED: n41- alii te-6/ INITIAL :/p/ City Atty City Engineer Building Dept . Other : n Other : / �� FILE STATUS AND LOCATION : CoCCril 4127/1/llvY- CASE DISPOSITION: Reviewed by: Aspen P&Z City Council) 9c N.., At,/....A...9_ e Li 0 Pprtt...ILA-- City Council N O T [ < w s WE December 8 , 1988 Alan Richman City Hall, Planning Office 130 S. Galena Aspen, Colorado 81611 Dear Alan, Thank you of your letter of November 29th. I appreciate your consideration of my request, and we will proceed according to your instructions. I have asked Andy Hecht to submit the necessary applications , so that we can proceed. Sincerely, T. Richard Butera cc: Andy Hecht DEC 1 5L 3 3 0 E A S T M A I N 8 T R E E T • A S P E N C O L O R A D O 8 1 6 1 1 . 3 0 3 / 9 2 0 - 1 0 0 0 HOTEL JEROME PUD AMENDMENT PHASE II ADDITION AND GENERAL INFORMATION FILE INDEX A. Consent Agenda: Tea Room Conversion B. Hotel Jerome Violations C. Employee Housing Conversion D. Public Notices MEMORANDUM TO: Aspen City Council THRU: Robert S. Anderson, Jr. , City Manager r� ' FROM: Alan Richman, Planning Director (` RE: Consent Agenda Item: Hotel Jerome Tea Room DATE: November 29, 1988 Attached is a letter I sent to Dick Butera of the Hotel Jerome and the original letter which Mr. Butera sent to me. In the letter, it is requested that the Tea Room be permitted to be converted into an antique store. My response to this request is that it should be approved. The applicant represents that the storefront in question has contained various retail uses during the Hotel 's 99 year history. He also notes that the antique store has considerably less impact than the Tea Room and also has an accessory relationship to the Hotel, where similar antiques are displayed. The only reason to question this change is the representation made by the applicant which we found when reviewing the PUD Agreement and original PUD application. The applicant stated in an April, 1986 letter that the 13 , 000 square feet of retail space proposed in the "Gilmore Plan" was being eliminated. The applicant has clarified for me that the 13 , 000 square feet of retail space referred to in the application was located in the new addition and that the application erroneously neglected to recognize the historic use of the storefront for retail use. In fact, the application also neglected to recognize the historic use of the bar. Obviously, both the bar and Tea Room had been in operation for several months at the time of this letter and should not have been considered to be eliminated by this statement. Unless Council objects to my determination, I will inform Mr. Butera that he can proceed with this change. As you will note from my letter, I have already informed him of the need to process an amendment application for the proposed new offices within the hotel, to include a list of permitted retail uses for the storefront. Having such a list, which we also have for the Little Nell and Ritz-Carlton projects, should eliminate any potential confusion in this regard in the future. jeromeconsent Aspen/Pitkin °Planning Office 130 south galena street aspen, colorado 81611 November 29, 1988 Mr. T. Richard Butera Hotel Jerome 330 East Main Street Aspen, Colorado 81611 Dear Dick, I have reviewed your letter dated November 25, written in response to our meeting of that same day. In the letter, you request the ability to convert the Tea Room into an antique store. You suggest that this is an appropriate use of this storefront because its historic use has always been retail, its impacts are significantly less than that of a restaurant and the antique sales have a natural relationship to the hotel, which is filled with similar antiques. After considerable thought, I have determined that your arguments are reasonable. The most persuasive argument for me is that the corner storefront has always been some type of retail shop. The only problem for me is the representation made in the Hotel Jerome PUD approval that all retail uses were being eliminated. In our meeting, you stated that in April, 1986, when the representation about retail uses was made, the tea room was already in operation. I can verify that this is true and can also understand your position that the applicant made an error by not being clear that all proposed retail space was being eliminated, not the historic retail uses in the old hotel. Given the lack of clarity in the PUD representations, I am going to place this item on the City Council consent agenda for December 12 . The memo to Council will state that I am prepared to sign off on the change in shops unless Council objects. The second request made in the letter, to convert the Grand Parlour Suite on the first floor to offices, will require submission of a land use application. As I explained to Andy Hecht on the phone yesterday, this change in use requires submission of a land use application for GMQS exemption and conditional use amendment by P&Z. Simultaneously, you should process a minor amendment to the PUD, within which you identify the list of permitted retail uses in the old hotel. This list might be as extensive as that permitted in the CC zone district or might be more limited. It is up to you to propose the list, to which we will react in our review memo. If you do not submit this application, we will have to look at future changes to the use of the retail shop in the same manner as we have done for the current proposal. This will require that any retail use have some accessory relationship to the hotel itself, a relationship which does exist with the proposed antique store, but which may not for a future proposal. I hope you will agree that we can avoid a lot of unnecessary arguments through this minor clarification and that you will proceed with this application. Please be aware that the processing fee for all of the requested changes is $680 and that four copies of the entire application should be submitted. Please let me know if I can provide you with additional information on this matter. Sincerely, Alan Richman Planning Director cc: Andy Hecht Fred Gannett buteraltr O T < \ 5ars N November 25 , 1988 Alan Richmond City Hall 130 S. Galena Aspen, Colorado 81611 Dear Alan, The purpose of this letter is to clarify our request regarding the Tea Room and the Grand Parlour Suite on the first floor of the Hotel Jerome. In regard to the Tea Room, we have made a decision to convert it into a shop selling Victorian antiques. Zoey Compton, the decorator for the hotel, plans to operate it, and sell the kinds of things that are displayed throughout the hotel . We know the restaurant on that corner has failed a couple of times , so it is not feasible to continue that kind of an operation. In fact, the impact of employees and traffic, as a result of a victorian antique shop, will be significantly less than what goes on there as a restaurant. We estimate that there will never be more than two employees on duty in the shop, and in most cases, it will be only one. We feel that it is compatible with the historical tradition of the Jerome and that corner. As you know, that corner has been a retail shop of one kind or another for 99 years. In regard to the Grand Parlour Suite , which is next to the Tea Room and the Lobby of the hotel, we request a change in use of that space. As you know, that space is along Mill Street, and was historically, retail space. There have been various retail shops in and out of there for the past 30 years , that I know. We thought that we could convert that into a hotel suite, and eliminate the commercial use on Mill Street. As far as eliminating the commercial use on Mill Street, I think aesthetically it has been a good thing not having those doors and traffic along that side of the hotel. However, the Suite really does not work as a hotel room because it ' s on the first floor. The guest' s have found it to 3 3 0 E A S T M A I N S T R E E T . A S P E N C O L O R A D O 3 1 6 1 1 . 3 0 3 9 2 0 - 1 0 0 0 be noisy, and it just doesn' t seem to be something that is attractive to a potential user. It was probably a bad concept from the beginning, on our part. We now would like to convert it to offices. It is approximately 1000 square feet and contains a bathroom. It lends itself perfectly to that use , having frontage only in the lobby as it does now. We have no intention of having access to Mill Street. Another planning mistake in the hotel was that we came up very short on office space for the operation of the hotel. We are continually fighting this problem and always will be. Converting this space to office space will help in that area because we will have some hotel management operations going on in there. In addition, we will probably have a real estate broker in the space to help justify the economics . In regard to impact, I don' t see much difference in what is going on there now, as opposed to a real estate office. Generally, when the suite is rented it contains two people who do generate a good bit of traffic because of their partying activities in a suite like that. I anticipate that the number of people in that space would be three or four, some of whom are already employed in the hotel. I would appreciate your attention to this matter at your earliest convenience. I realize that we have changed concepts here a couple of times, and I apologize . However , it is Christmas and the Tea Room space can generate some much needed revenue for the hotel, if we are permitted to open as an antique shop as soon as possible. Sincerely, T. Richard Butera cc: Andy Hecht 3 3 0 E A S T M A I N S T R E E T • A S P E N C O L O R A D O 8 1 6 1 1 . 3 0 3 / 9 2 0 - 1 0 0 0 MEMORANDUM TO: Paul Taddune, City Attorney FROM: Alan Richman, Planning Director \ RE: Hotel Jerome Violations DATE: October 13 , 1987 You have asked that I detail for you the possible violations of the PUD agreement that are ongoing at the Hotel Jerome. Follow- ing is a listing of the key issues we need to bring to the attention of the owner: 1. I have received several complaints from citizens and P&Z members as to the method by which deliveries are made on Sleeker Street. I am told that large trucks are unable to pull into the delivery area, but instead are sometimes parked perpendicular to the sidewalk, blocking traffic and pedestrians. I have not personal- ly observed this problem. I would like to know if the delivery area was built according to plans presented to the Council. If not, we need to correct this problem. If yes, then we need to find out why the area is not being operated as represented. 2 . I have been informed that the van which picks up and delivers guests is frequently parked on Main Street, not in the garage as was represented. Once again, I have not personally observed the problem, but I am told that with the van parked in this location, the turning movement from Mill onto Main Street is made more difficult. I would hope that you would contact the owner and request information on these two problems, rather than starting from the point of view that there are violations in existence. Please copy me in on any correspondence you have, and feel free to call on me for assistance. MEMORANDUM TO: Paul Taddune, City Attorney FROM: Steve Burstein, Planning Office RE: Cortina Lodge Employee Housing Conversion DATE: April 11, 1988 This memorandum is a follow-up on my March 4 memorandum after the Housing Authority and Planning Office inspected the Cortina. It should also serve as a basis for discussion at the April 12 meeting set up with you, Jim Adamski, Bill Guess, Doug Carlson and myself. On April 6 Jim Adamski, Doug Carlson and I inspected the Cortina Lodge with respect to the representations made by the applicant as part of the Cortina Change in Use GMP exemption and the Hotel Jerome PUD Agreement. We were primarily concerned with the number of beds needed for the Hotel Jerome employee housing obligation and compliance with the "List of Improvements, Schedule A" approved by City Council on December 9, 1985. The Cortina is not in compliance with Council 's approval in the following areas: 1. Bed Count: Units 14 and 15 were shown to have three (3) beds each and now contain only two (2) beds. Units 11 and 16 were shown to have two (2) beds each and now contain only one (1) bed. 2. Kitchens and Kitchenettes: Units 14 and 15 were shown to have kitchenettes installed; and this has not been accomplished. Unit 13 was shown to be converted into a "kitchen/lounge" for use of tenants in Units 11, 12 , and 16. The unit is presently used as a residential unit for two employees. We observed that many units had hot plates and other cooking appliances with large cords across the floor. The Building Department or Fire Marshal should do another safety inspection. The Cortina management should consider having rules on tenancy that prohibit cooking appliances in rooms after the kitchen and kitchenettes have been installed. 3. Basement Storage: "List of Improvements, Schedule A" item 6 states: "Upgrade storage area beneath lodge to include storage bins, coin-op laundry, and ski repair table. " These 1 improvements have not been accomplished. The basement must be cleaned up, storage bins installed, and operable coin-op laundry installed. 4. Exterior Improvements: Schedule A item 8 states "Patch asphalt in parking area as necessary. " All the cracks and holes in the asphalt surface in the parking area and in front of the Cortina must be patched so to bring this "open area" in compliance. Schedule A item 2 states "Repaint exterior as needed, including all balconies and ceilings over sidewalks. " Item 3 states "touch up stucco on outside walls as necessary. All fascia, sofits, railings, and ceilings of the balconies should be repainted and restained. The siding should be repaired and restained where needed. A time schedule for bringing the physical conditions of the Cortina into compliance should be worked out at our April 12 meeting. Conceptually we discussed a two week period for some improvements and a longer period for others. Please note that Paragraph 8 of the Amended and Restated Hotel Jerome PUD Agreement addresses the Cortina as a component of the Hotel Jerome expansion project. The non-compliances cited above should be viewed with respect to the provisions in Paragraph 15 of the PUD Agreement, possibly leading to a City Council hearing and closing down the Hotel Jerome. We should also discuss whether the City should sign the Cortina Declaration of Covenants and Restrictions prior to completion of the upgrades. Attached is Ann Bowman's February 27, 1986 memorandum on Cortina deed restrictions. Please review in particular her comments about verification of employment and income in the third paragraph. We recommend that this or similar language be included in the Declaration so to establish a procedure for verification. The responsibilities of both the Hotel Jerome Partnership Ltd. and the Housing Authority should be clarified. A condition for approval of the special review for the Cortina's parking plan by the Planning and Zoning Commission on November 19, 1985 was: "Sever (7) additional off-street parking spaces shall be provided within the present Sixty (60) parking space commitment for the Hotel Jerome available for use of the Hotel Jerome employees living in the Cortina. " A plan for compliance with this provision should also be presented at this time. Other comments in my March 4 , 1988 memorandum should be considered in review of the Declaration statement. cc: Alan Richman Jim Adamski sb.cortina2 2 i CITY;OF` ASPEN 528 ICr 130 south galena street aspen', colorado. 81611 303-925-2020 MEMORANDUM DATE: September 25, 1987 TO: City Manager Planning Director Building Inspector FROM: City Attorney RE: Hotel Jerome - Employee Housing Attached for your information is a letter from Andy Hecht regarding the above. PJT/mc Attachment GARFIELD & F ECIT, P.C. RONALD GARFIELD* TELEPHONE ANDREW V. HECHT** ATTORNEYS AT LAW (303) 925-1936 WILLIAM K. GUEST, P.C.'** VICTORIAN SQUARE BUILDING TELECOPIER ROBERT E. KENDIG (303) 925-3008 601 EAST HYMAN AVENUE CABLE ADDRESS "GARHEC" JANE ELLEN HAMILTON ASPEN, COLORADO 81611 *also admitted to New York Bar "also admitted to District of Columba Bar September 23, 1987 •"also admitted to Nebraska and Texas Bar Paul Taddune 600 East Hopkins Avenue, Suite 301 Aspen, Colorado 81611 Re: Hotel Jerome - Employee Housing Dear Paul: As the Hotel Jerome Limited Partnership ( "Partnership") has acknowledged, it is required to provide you with an employee housing deed restriction for a portion of the Cortina Lodge. However, the Partnership has been delayed in receiving a release or subordination from the previous owner ( "Louis Wille" ) who holds a promissory note and deed of trust on the Property. We have now resolved that the Partnership will not seek a subordination of that deed of trust, but instead will pay off the loan secured by that deed of trust and then record the appropriate deed restrictions of the Cortina Lodge in a first priority. The Partnership requests that you forbear in taking any action against the Hotel Jerome until the Partnership receives a payoff number from Louis Wille on the promissory note. Louis Wille is out of town until October 6 at which time we will proceed immediately and obtain the proper release and record the Deed restriction. As is permitted under the PUD Agreement, the Partnership will probably then seek to substitute for the Cortina Lodge, alternative employee housing with City approval. Thank you for your cooperation and assistance in this matter. Sincerely, Andrew V. Hecht AVH/dd cc: Rene Vincent ASPENOPITKIN REGIONAL BUILDINta DEPARTMENT M E M O R A N D U M TO: Paul Taddune, City Attorney - / FROM: Jim Wilson, Chief Building Official �j / RE: Hotel Jerome DATE: August 10, 1987 Wake up Paul ! You have apparently been misinformed about the Hotel Jerome Certificate of Occupancy. Contrary to your accusation , the fact is the Building Department is still awaiting deed restriction approval from you and the Housing Office, as reported in my July 15 , 1987 memo. JJW: lo cc : City Manager Planning Director offices: mail address: 517 East Hopkins Avenue 506 East Main Street Aspen, Colorado 81611 303/925-5973 Aspen, Colorado 81611 ,+).`r CITYa�� tc & ,, PEN 130 south gale treet aspen, c`olor'afo • 1611 303-925=21)20 MEMORANDUM DATE: August 5, 1987 TO: Building Department FROM: City Attorney RE: Jerome Hotel It has been brought to the attention of this office that a certificate of occupancy was issued on the Jerome even though the employee housing deed restrictions had not been recorded. I request that an explanation with respect to this very serious oversight be provided to my office immediately. PJT/mc cc: City Manager Planning Office C/ I TADDUNE BL ASSOCIATES, P.C. ATTORNEYS AT LAW ASPEN PROFESSIONAL BUILDING OFFICES: PAUL J. TADDUNE 600 EAST HOPKINS P.O. Box 9978 ASPEN. CO 81612 FREDERICK W. GANNETT 1303) 925-9190 CITY HALL OFFICES: ERIN F. HAZEN 130 SOUTH GALENA STREET OF COUNSEL ASPEN. CO 81611 August 5, 1987 13031 925-2020 Andrew V. Hecht, Esq. Garfield & Hecht 601 East Hyman Avenue Aspen, Colorado 81611 Re: Jerome Hotel Dear Andy: In follow up to our conversation last week, I am awaiting your solution to the failure on the part of the Jerome project to record the employee housing covenants as set forth in the PUD agreement. I consider this failure to be more than an inadvertent oversight, and I will recommend to the City Council that the project approval be reconsidered or appropriate legal action commenced unless the matter is resolved immediately. Very truly yours, Paul J. Taddune City Attorney PJT/mc cc: City Manager Steve Burstein Alan Richman fS S� r CITYL T !S�4 f � ,. PEN f�� .Y4 a. 130 saat .a ?„� reet aspen, cblorwoiw 611 31113".-9214/0 MEMORANDUM DATE: August 5, 1987 TO: Building Department FROM: City Attorney RE: Jerome Hotel It has been brought to the attention of this office that a certificate of occupancy was issued on the Jerome even though the employee housing deed restrictions had not been recorded. I request that an explanation with respect to this very serious oversight be provided to my office immediately. PJT/mc cc: City Manager Planning Office ASPEN*PITKIN R'GIONAL BUILDINGtEPARTMENT M E M O R A N D U M TO: Alan Richman , Planning Director / FROM: Jim Wilson, Chief Building Official 9'G^-� RE : Height of the Jerome Addition / DATE : January 22 , 1987 On January 14 , 1987 , I met with Dave Rheams , Project Superintendent for Shaw Construction , the general contractor for the Hotel Jerome addition. Our meeting was in response to your request to verify that the height of construction in place conforms to the approved PUD plan . Although our method was less than scientific, the building height does not exceed either PUD approvals or building permit approvals . At the approximate locations indicated with an "X" on the attached site plan , we dropped a steel tape from the top of the parapet to the 101 ft . reference elevation , previously established with a transit and marked on the wall . The south wall measured 31 ' -10-3/4" from the mark , the north wall 31 ' -10-- 3/8" . The parapet cap was not yet in place , but is expected to add approximately 2" to the height . The elevations at these locations coincide with those on the approved plans , 132 ' -10- 3/4" . The reference elevation of existing grade at the corner of Monarch St . and Bleeker St . is 92 ' -0" ; at the building, 93"-0" . Using the above measurements and elevations , the height of the building at the northwest corner calculates to be 39' -10-3/4" . Shaw Construction will revise the detail for the 2" parapet cap to keep within the 40 ' height limit . cc : Shaw Construction JJW:lo offices: mail address: 517 East Hopkins Avenue 506 East Main Street Aspen, Colorado 81611 303/925-5973 Aspen, Colorado 81611 i LL,R.tj C! A5 t, OF ri -4R.,•-fy .O CL 4 - 5n•4"1 100 Co, )•• .1.4::,::,>:‘'''>@' ....SP.. {:}f... 1 .• r :.r }:?:. :r' 1'vi.:''�r�::::::::::::::: •••:. �{1:}• :; •..4:fief;{ r; ' 'M1 {, .. 1,.::.,r '" �. \� :} ••: +" '•{}ti.}: .0.4::::::::{ 1 r1 _ i .r.•:::::• �'{•y�.(: v' f • .:q,' � •J:rY r,}{�.;�A4 vffiJJr �y-.r < .+Y.I. YtY 'r } b •• f:' r ':�'w�7'r'+fi ::knit ::*.:.::.• 4::::;:::::::::::•::.4. :}'SFr. ' ' .. r :: i} •:L :: ^•':ti}}w.•}J 3. l:.} ? ?N}' r'+ 'fi�{;': •f },, ,• ;,�i(rL� • �` v,.{. •l�y,M1:i•:•v :•'r,1.;:{. .,....:.• fi: ;; •. .f . y:�1:r'rv:: w ;;. . m.fli {},.;51 .}}'::::.fi'J}: }i t):::?:t1 _ .ti • r.r', * y. {le ;yG�S'::r{5:::.hS:•'•S ;ir•}�;:•,`..:} .fS;. 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J” rf;;••.Y r.•}V r ,• .1 t 'Y� '.:•• {:.:f ..Lr�..: - f:�j " : : ........ '!)�..;v.g.:. .?. .: s F+n'nmy• tiS{. ,.a,..- ' • .. :•}:}�'L •5.:. xS vi '+: . : :i 9 � :i.:,i::i.�::i:.�::: ::y:>•::i:::gin^' f' 5 ' • .'J . ' :•1 v2:o i . : { . i A r 5 :.Y d:" .w:::^''::(:Ajifiia;i£;i"^; ii :Y:'Si%ti:I:tv . . / � • k• ::i } a )�g.0.i.:;?" 'v: nn:iM=_ i W : j: FRS Y •• {} t:4;:e Ydr 1 •[.{' .":""1. ir1 :: {• ,fY"`'}iq>i:'.>h:.:'.ni : >�::. 5 i _ .'..;*%p. ,- i::na X<: X:iin::ii.::: •A • ` M!f•:�:}; { :}fin}..r , ,:•: :h: :Yf '•( I:\ .? :::, ,p ?,::?R : :::1. * : :1 !: ,<:::r. :::.: '''' � , :.- ."... 1 MEMORANDUM TO: Jim Wilson FROM : Alan Richman W. RE: Hotel Jerome Building Plans DATE: August 25, 1986 Having reviewed the Plan set for the Hotel Jerome Addition which you referred to me, I have the following comments: 1. The status of the project is that it was approved by Council subject to all of the conditions in the PUD agreement.. You should refer to this document for all matters of interpretation not specifically addressed in this memo. 2. The applicant has given you a copy of the site plan in this drawing set.. The site plan designates the heights at various points on the building and should be followed explicitly. The site plan also lists variances granted for FAR (2 .3:1 on the entire site) open space (18 .3% required in garden area plus at rear on Sleeker toward Mill ; other open area is along Mill between the buildings but is more than 4 ' above grade) and trash area accepted as shown on the plan. 3 . I count 68 rooms (1st floor = 16; 2nd = 17; 3rd = 26; and 4th = 9) and only 67 are allowed. Either I counted wrong or a reduction must take place. 4. Please make sure to coordinate the construction timing with the installation of water and sewer and the regrade next spring of Sleeker with the Project Engineer, Elyse Elliott. 5. The applicant has yet to obtain necessary encroachment licenses from Engineering.. We do not feel that a building permit should be granted until these licenses are in place, although excavation can proceed. 6. Most of the conditions of approval are already part of the plan as shown on these drawings .. I would like to keep coordinating with you as to the ongoing construction of this project to make sure it turns out as planned.. Please refer to two conditions on page 11 of the agreement (7a and 7c) to insure that these are resolved before the construction is initiated. Please note that my review of this project constitutes no more that a check of the plans to confirm that what was represented in the process is what is proposed for construction.. This review should not substitute for a complete zoning check by the Zoning Office. I will be happy to coordinate that review with either Bill or Peggy as appropriate. cc : Peggy Seeger Bill Drueding Elyse Elliott •' 4J J�Hi�� Construction C 6' to August 12, 1986 a/�`Sp/4O )„.• , 4 C�OQ ∎/ Jay W. Hammond Jim Willson �p'TKIN City Engineer Chief Building Official City of Aspen City of Aspen 130 South Galena Street 130 South Galena Street Aspen, Colorado 81611 Aspen, Colorado 81611 Re: Hotel Jerome Addition Parking Garage Our Job No. 1130 Gentlemen: Enclosed is a copy of the construction schedule and a redlined site plan dealing with all pedestrian and vehicular traffic patterns around the Hotel Jerome construction site. As you will note, schedule reflects parking structure only. Schedule for main building will follow as permit process develops in the near future. Items addressed on site are as follows: A. Barricading and pedestrian protection. B. Maintenance of adequate public vehicular access and circulation in construction areas. C. Excavation access and large truck traffic circulation and staging areas. D. Construction equipment access and storage. E. Load zones and dumpster areas for Hotel Jerome, Carl's Pharmacy and Aspen Times. F. Offsite parking on Bleeker. During construction, it will be necessary to unload materials at construction access. Should unloading take place during periods of heavy traffic, Shaw Construction will provide a flagman to control access and insure public protection. As construction phases begin or end, it may be necessary to temporarily close a lane of traffic at Mill, Bleeker or Monarch Street. I will attempt to give the City as much notice as possible on these times and keep the closure to a minimum amount of time. Some of these tasks would be: A. Removal and replacement of sidewalks and curbs. Horizon Park Plaza 743 Horizon Court,Suite 109 Grand Junction,Colorado 81501 303/242 9236 THAW Construction Letter to Jay W. Hammond and Jim Willson August 12, 1986 Page Two B. Sewer line service. C. Water line service. D. Fire hydrant installation. E. Water main installation. F. Temporary crane set for steel installation or mechanical unit installation. G. Etc. If you have any other questions at this time, please feel free to contact me at My site office. Aspen Office 925-2963 Grand Junction Office 242-9236 Denver Office 825-4740 7/4a. Ex.tr ITWZC Te 10 PAVES Sincerely yours, ATT►kE.. t loftrIrt Le..S " pse-e_ of THE tcl,STI taco-. Mene — is Shaw Construction Company C�tV Ca. TO fl+e LlPE- WO'/ ()V � of TWA occoPP .uS O F h = zntD t 3 go Ft-ct),, IF David C. eams Hod` _ L To lv1/4 4 L gAc ee. en,"- °P °`) 1\OA)p —' clis+i CoIJEV- e ,,_. wa '-uat goon Otis OF Tb+r P!f-hes e., on, cu�� .E. Act,-140 UµoSStU CT ED s`°e6- of nr-A\le _ NWST rn e/ Sf tAatt.s rpjN.EO AZT"- Au. TIMES �Q�p .1a �c� e .°w'� A.N,.0 stSA-N.,l_ Ex`ttt. ..C3 To A f '?(/ -c Jim OIU C— V�/ `� BLsiee• J Hammond City Engineer Chief uilding Official City of Aspen City of Aspen cc: Steve Meyer, Shaw Construction John Hurley, Marketing Corporation of America Warren Burke, Shaw Construction Horizon Park Plaza 743 Horizon Court,Suite 109 Grand Junction,Colorado81501 303/2429236 SHAW Construction August 13, 198G Parking Structure Construction Schedule This schedule reflects garage construction only, it will not include any time delays due to weather or material delivery problems. Permit and Contract August 18 Demolition August 18 to August 22 Excavation August 22 to September 5 Site Utilities (Bldg. only) August 27 to September 12 Footings and Pads September 1 to September 12 Elevator Jack Holes August 25 to September 15 Concrete Stem Walls September 8 to October 17 Steel Erection October 20 to November 7 First Floor Concrete November 7 to November 21 Horizon Park Plaza 743 Horizon Court,Suite 109 Grand Junction,Colorado 81501 303/242 9236 11 '\ The Westport I3inl: V -lrrrst Cornpanv MEMBER FDIC P O S T O F F I C E B o x 7 5 1 W E S T P O N T. C O N N E C T I C U T 0 6 8 8 1 T E L (2031 2 2 7 - 1 2 0 1 E E.ANO/.) C 6ANyARD August 14 , 1986 / tiv U G pc S��h City Manager %it y v S City of Aspen Colorado tijp 130 South Galena Street Aspen , Colorado 81611 Gentlemen : Please he advised that we are in the process of issuing our Irrevocable Letter of Credit in your favor , in the amount of $68 , 736 . 00 , for our customer Marketing Corporation of America . ( (MCA) . If of course , you should have any question, please call me at (203) 227 -1201 Ext . 222 . Sincerely ,• leannor�E. Bany 'd ice resi .ent Secretary EEB : nmr c . John Muskus , Secretary Marketing Corporation of America FEDERAL EXPRESS • CITY �,,(±F t �,� PEN 130 itrlga -. =,reet aspe k> '���or> CZ ';1611 3134257; 1 1 ME MDRANDU M DATE: July 25, 1986 TO: City Manager Planning Director City Engineer Building Department Housing Office Water Department FROM : City Attorney RE: Amended Hotel Jerome PUD Agreement Annexed for your review prior to the City W unc i l' s final con- sideration and approval on July 28, 1986, is a copy of the Amended Hotel Jerome PUD Agreement. I request that you provide me with your comments as quickly as possible and perform the following reviews : 1 . I request that the Planning Office and Engineering Department verify the legal description which appears in the first "whereas" clause . I note some inconsistency with regard to one of the calls along Main Street . 2. I request that the Planning Office verify that the applica- tion upon which the agreement was based is dated November 29, 1985. 3. 'the Building Department should provide the building permit application and building permit number which appears in the second "whereas" clause on Page 2; and verify that the renovation was completed and a certificate of occupancy issued for Phase I on or about December 26, 1985. 4. With regard to Paragraph 2, I request that the Engineering Department verify and approve Exhibit " A" which should be final- ized and appended to the agreement and incorporated by reference . 5. With regard to Paragraph 3, I request that the Water Depart- ment and City Engineer verify the improvements specified . Memorandum Re : Hotel Jerome July 2 5, 1 986 Page Two 6 . With regard to Paragraph 4, " Landscape Improvements" , I request that the City Engineer verify the purpose of landscaping and the estimated cost of landscaping . 7. Please note the language of Section 20-16 (1 ) that the agree- ment must be recorded along with the final amended plat . 8. I request that the Housing Office approve as to form the language in Paragraph 8 with regard to employee housing , as well as the Cortina Lodge deed restrictions , which will be finalized separately after they are submitted by Garfield & Hecht . As always , please feel free to call or stop by the office if you have any questions concerning this matter . PJT/mc Attachment 6D k\\r- ,fit r AMENDED AND RESTATED PLANNED UNIT DEVELOPMENT AGREEMENT HOTEL JEROME - RENOVATION AND ADDITION THIS AGREEMENT made and entered into this _ day of , 1986, by and between THE CITY OF ASPEN, COLORADO, a municipal corporation and home rule city ( here- inafter referred to as " City") , and HOTEL JEROME LIMITED PARTNER- SHIP and MARKETING CORPORATION OF AMERICA ( hereinafter collec- tively referred to as " Owner") , W I T N E S S E T H: WHEREAS, Owner owns that real property and the building situ- ated thereon , commonly known as the "Hotel Jerome" , more particu- larly described as follows: lots A, B, C, D, E, F, G, H, I, 0, P, Q, R, S and the East 20 feet of Int N, Block 79, together with the East 170. 78 feet of the vacated alley in said Block 79, City and lbwnsite of Aspen , County of Pitkin , State of Colorado ; WHEREAS, Owner' s predecessor in title, John F. Gilmore sub- mitted to the City for approval , execution and recording a final Planned Unit Development (PUD) plat pertaining to the development of that project known as the "Hotel Jerome - Renovation and Addi- tion" ( hereinafter referred to as the " Initial Project" ) ; and WHEREAS, Owner' s predecessor in title entered into a Planned Unit Development Agreement with the City for said Initial Project , entitled "Planned Unit Development Agreement - Hotel Jerome - . Renovation and Addition" , dated April 20, 1983, recorded in Book 444, Page 750, Pitkin County Clerk and Recorder's Office ; and WHEREAS, pursuant to an application dated November 29, 1985, which application and all representations set forth therein are incorporated by reference herein , Owner submitted to the City an application to revise the Initial Project into two phases as fol- lows : - Phase I: Renovation of the existing building , commonly known as the Hotel Jerome , pursuant to Building Permit Application and Building Permit No . _ , which renovation was com- pleted and a certificate of occupancy issued therefor on or about December 26, 1985; - Phase II: An addition to the currently existing and reno- vated Hotel Jerome , as defined and described on the amended plat, specifically described as Amended and Restated POD Plat ( herein- after " Amended Plat") , a copy of which is attached hereto and incorporated herein by reference as Exhibit "A" . Collectively, Phase I and Phase iI may be referred to herein as " the Project" ; and WHEREAS, City and Owner desire to amend the agreement per- taining to the Initial Project , dated April 20, 1983, to reflect Phase I and a redesigned Phase II, as well as various matters set forth below, into one comprehensive agreement which will amend and supercede the agreement dated April 20, 1983 (hereinafter this agreement will be referred to as " Amended Agreement" ) ; and 2 WHEREAS, Owner has submitted to the City for approval , execu- tion and recordation , the amended plat for the Project , and City is willing to approve, execute and accept for recordation the amended PUD plat on the agreement of Owner to the matters herein- after described , subject to all of the requirements , terms and conditions of Article VIII of the Municipal Code as presently constituted and such other laws , rules and regulations as are or may be appl icable ; and WHEREAS, it is the intent of Owner and City that the amended plat shall amend , supercede and replace the plat recorded April 20, 1983 ; and WHEREAS, the City has imposed conditions and requirenehs in connection with its approval , execution and acceptance of the amended plat and such matters are necessary to protect , promote and enhance the public health , safety and welfare ; and WHEREAS, under authority of Section 20-16 (c) and Section 24-8. 1 et seq. of the Municipal Code of the City of Aspen , the City is entitled to assurances that the matters hereinafter set forth and agreed to will be faithfully performed by Owner and Owner' s successors and assigns ; and WHEREAS, Owner is willing to enter into such agreement( s) with and to provide such assurances to the City. NOW, THEREFORE, in consideration of the premises , the mutual covenants herein contained , and the approval , execution, and acceptance of the amended plat for recordation by the City , it is agreed as follows : 3 • 1 . Amended_Agreement_and_Phasing. City and Owner agree that this attended agreement shall amend and supercede that Planned Unit Pgreement Hotel Jerome - Renovation and Addition , dated April 20, 1983, recorded in Book 444, at Page 750, office of the Pitkin County Clerk and Recorder , and that the amended plat shall super- cede and replace the plat dated May 10, 1983, and recorded in Book 14 at Page 88, office of the Pitkin County_Clerk and Recorder . 2. Sidewalks, Curbs and Gutter. City acknowledges that Owner has constructed a new sidewalk along the Main Street fron- tage and has or will repair the existing sidewalks on Mill Street, and shall maintain the sidewalks along Main Street and Mill Street in accordance with the sidewalk and improvements site plan , dated as of this Agreement , and annexed hereto and incorporated herein as Page 3 of Exhibit " A" to this agreement and the attended plat . Prior to and as a condition of the issuance of a certi- ficate of occupancy for Phase II, or within a reasonable time thereafter as agreed to in writing by the City Eng ineer , Owner shall construct new sidewalks along the Project' s road frontages on Monarch and Sleeker Streets (6-foot minimum widths) together with curb and gutter , in accordance with the landscape plan annexed hereto and incorporated herein as Page 3 of Exhibit "A" to this agreement and the attended plat , as reasonably determined by the City Engineer . Owner shall repair or replace any existing ( or newly installed) sidewalks , curb or gutter which may be damaged during construction. The current estimated cost of such sidewalk, 4 curb and gutter and improvements is contained in Exhibit "B" attached hereto and incorporated herein . 3. Additional Immprovements. Prior to and as a condition of the issuance of a certificate of occupancy for Phase II, Owner shall provide and install such waterlines and fire hydrants , sani- tary sewer lines , storm drainage improvements and storm sewers, and such other improvements , as are depicted on the plat and as may be reasonably required pursuant to Section 20-16 ( a) of the Municipal Code, the schedule and estimated cost which is set forth in Exhibit " B" hereto. The current estimated cost of such improvements does not include sewer and water taps and related fees , which will be calculated and paid prior to the issuance of a building permit for Phase II, according to the then- standard prac- tices and charges of the sewer district and water department. Owner and City agree as follows with regard to the installation of such additional improvements : ( a) Owner , at Owner' s expense , shall install a new 8- inch waterline from the 12- inch water main in Monarch Street east on Sleeker Street to the point where the hotel service begins , a distance of 240 feet. The waterline shall be looped into the Mill Street main , and Owner agrees to pay for the excava- tion , pipe , connections and patching necessary to complete this loop. ( b) City and Owner agree that Sleeker Street between Monarch and Mill Streets has a steep grade and that this problem situated will be exacerbated by the shading of Sleeker Street , 5 • resulting from the construction of Phase II and use of Sleeker Street for the garage entrance and delivery site for the Project . The City and Owner agree to regrade this block of Sleeker Street prior to construction of Phase II (or at such other time as the parties may mutually agree in writing) in order to mitigate traf- fic problems associated with the steepness of the grede and shad- ing caused by the Project, in accordance withra regrading plan to be reasonably approved by the City Engineer. Such regrading shall be accomplished in accordance with applicable requirements of the Aspen Municipal Code and established City procedures and state law regarding the construction and installation of public improve- ments. City shall pay one-half the cost of necessary surveys, street plans, regrading , repaving and replacement of improvements to neighbors on the north side of Sleeker , provided the following conditions are met : ( 1 ) The total cost shall be determined and calcu- lated prior to the issuance of a building permit for Phase II. (2 ) If the total cost is in excess of $35, 000. 00, the additional expenditure on the part of the City shall be approved by the City (buncil . The city' s contribution to the cost of improvements will be made on or before May 15, 1987. 4. Landscaping Improvements. In accordance with Section 24-8. 16 of the Municipal Code , all required landscaping for the project shall substantially conform to the landscape plan , annexed hereto as Page 3 of Exhibit " A" and the anended plat , which plan shows the extent and location of all plant materials and other 6 landscape features , flower and shrub bed definition, proposed plat material at mature sizes in appropriate relation to scale , species and size of existing plant material , proposed treatment of all ground surfaces (e .g . , paving , turf , gravel , etc .) , location of water outlets , and a plant material schedule with common and botanical names , sizes and quantities. Landscaping will be com- pleted in a logical phasing sequence commensurate with the phasing of the improvements contemplated in the construction schedule , but in no event later than one year after the date of the certificate of occupancy for Phase II. The current estimated cost of the landscaping imprme- ments for Phase II in the public rights-of-way , as determined by the City Engineer , is Twenty-two Thousand Seven Hundred Thirty-six Dollars ($22, 736. 00) . If 'Owner has not been issued a building permit for Phase II on or before May 1, 1987, Owner shall submit a detailed interim landscaping plan for approval by the City Council , upon the recom- mendation of the Planning Director and City Engineer , to be com- pleted by July 1, 1987. Owner agrees to spend at least Fifty Thousand Dollars ($50, 000.00 ) for the purpose of landscaping the site according to the interim plan to be in effect until the com- mencement of construction of Phase II. It is the mutual understanding of the parties that a certificate of occupancy may in fact issue for the project even though the landscape improvements have not yet been completed , so long as the portion of the financial guarantee provided for in 7 Section 6 hereof which covers the estimated cost of such unfin- ished landscaping remains available to City pursuant to the terms of said Paragraph 6 . 5. Construct ion_SChedule and Program. Owner and City mutu- ally acknowledge that exact construction schedules cannot be sub- mitted or agreed to at this time. It is anticipated that con- struction will begin in the summer of 1986, for completion for the summer of 1987. Prior to the issuance of a building permit for Phase II and as a condition precedent to the issuance thereof , Owner agrees to provide City Engineering Department with a detailed construction schedule , to the satisfaction of the City Engineer and Chief Building Official in the exercise of their rea- sonable discretion , which construction schedule shall particularly address how construction phasing will best accommodate under the following circunstances : ( a) Barricading and provision of pedestrian protection , ( b) Maintenance of adequate public vehicular access and circulation in the development area , ( c) Excavation access and large truck traffic circulation and staging areas , ( d) Construction equipment access and storage . Owner agrees that all construction material shall be stored on site and that all workers will be instructed to park in the Rio Grande parking lot to lessen the impact on the neighbor- hood. 8 The construction schedule shall be verified by the sig- natures of the City Engineer and the Chief Building Official and recorded as a supplementary exhibit hereto . My amendments to the construction schedule shall be reviewed by the Planning Director , verified by the signatures of the City Engineer and thief Building Official , and , at the option of City , recorded as supplementary exhibits hereto . 6. Financial Assurances. In order to secure the perfor- mance of the construction and installation of the landscaping improvements and site improvements described in Paragraphs 2, 3 and 4 above , and to guarantee 100% of the estimated cost of non- landscaping improvements and 125% of the landscaping improvements , which estimated costs approved by the City Engineer are _ ( non- landscaping improvements) and -- , ( landscaping improvements) . Owner shall guarantee by cash escrow with the City, or a bank or savings and loan association; or an irrevocable site draft or letter of commitment from a financially responsible lendor that funds in the amount of such estimated cost are held by it for the account of Owner for the construction and installation of the above-described improvements . Said guarantee shall be delivered to the City prior to the issuance to Owner of a building permit for Phase II, and shall be in a form acceptable to the City Attorney and City Manager , and shall give the City the uncondi- tional right , upon clear and unequivocable default by the Owner , to withdraw funds as necessary and upon demand to partially or fully complete and/or pay for any of such improvements or pay any 9 outstanding bills for work done thereon by any party, with any excess guarantee amount to be applied first to additional adminis- trative or legal costs associated with any such default and the repair of any deterioration in improvements already constructed before the unused remainder ( if any) of such guarantee is released to Owner. As portions of the improvements are completed , the City Engineer shall inspect them , and upon approval and acceptance , he shall authorize the release of the agreed estimated cost for that portion of the improvements , except that ten ( 10 ) percent of the estimated cost shall be withheld until the proposed improvements are completed and approved by the City Engineer . Owner shall guarantee by a maintenance bond or other suitable means , the repair of any existing improvements damaged during the construc- tion of new improvements as reasonably determined by the City Engineer . Owner shall in no way be relieved of any obligations to make the improvements , nor is the City obligated to assure the responsibility for any improvements, by reason of the acceptance or approval of any guarantees . Furthermore, Owner hereby agrees to and does hereby war- ranty all such improvements to accepted standards of good worlanan- ship for a period of one ( 1 ) year from and after acceptance there- of in writing by City. In addition to this warranty, Owner shall obtain from its contractors customary warranties of good workman- ship with the City as beneficiary , with respect to all improve- ments required by Sections "2 " , "3 " and "4 " hereinabove. 10 7. Miscellaneous Issues. Owner agrees to the following items as a condition of this agreement and the approvals contained herein : a) Owner shall remove overhead wires in the middle of the garden prior to construct-ion- a{ Phase II for safety reasons . b) Owner , at Owner' s sole cost and expense , shall repair the underground electric line servicirg the street lights on Mill Street which was severed during construction of Phase I. Such repairs shall meet applicable City specifications. c) A transformer and emergency generator are located on the western edge of the garden. Owner is exploring moving these to a new location on the site . Should this prove to be impractical, Owner shall work with neighbors to lessen sound transmissions from the generator . d)' Owner shall provide guest transportation and air- port pickup and delivery. Any vehicle owned , possessed or oper- ated for such purposes by Owner , shall be stored in the under- ground garage. e) Owner has received conditional use approval from the Planning and Zoning Commission for the expansion of the hotel in the CC zone district, special review approval to vary the trash and utility access area , and special review approval to utilize the garden area for forty-four (44 ) outdoor dining seats associ- ated with the restaurants in the Project. Such outdoor dining seats shall not diminish allowable indoor seating . 11 8. Empioyee_H °using. As a further inducement to the City to approve the Project in tux) phases as set forth in this amended agreement , Owner has agreed to and does hereby confirm and acknow- ledge its obligation to provide housing for employees of the pro- ject , as required by the Municipal Code and regulations of the City of Aspen , or its designee , in connection with the Project . With regard to Phase I, Owner hereby agrees that Rooms- No . °"1 " , "2" , "3" and "4" in the hotel annex , as such roans are designated on the amended plat , shall be and hereby are restricted exclu- sively to use as employee housing under and in accordance with such City of Aspen employee housing use , occupancy, rental and sales price guidelines as may be in effect and applicable from time to time, sufficient to house four (4 ) employees of the Pro- ject and restricted to a maximum occupancy of one (1 ) employee per bedroom . Such rooms shall be used solely by hotel employees , and verification of an employee' s employment qualifications shall be accomplished by the City, or its designee , prior to and as a con- dition of occupancy of any of the above identified roans. Said rooms shall not be utilized by any person whose use and occupancy thereof is not verified as set forth above. The dedication and covenants contained herein shall be deemed a burden upon and to run with the title to the Project and shall be binding upon the owner and Owners, successors and assigns and upon all other per- sons or entities having any right , title or interest in or to the Project ( or bedrooms) or any part thereof, and shall inure to the benefit of and be specifically enforceable by the City of Aspen or 12 its designee by appropriate legal action , including injunction, abatement or eviction of non-complying tenancies , all for a period of fifty ( 50 ) years from the date of recording of this amended agreement in the Pitkin County Clerk and Recorder' s office . Neither this dedication nor any of the covenants contained herein shall be modified , released or waived in any respect except by written instrument executed by both Owner or its successor or assigns in the City of Aspen, Colorado , and duly recorded in the Pitkin County Clerk and Recorder' s office. Further , Owner repre- sents and warrants that any and all persons , firms or entities having any lien , encumbrance or interest in the Project have con- sented to the employee housing dedication and restrictions herein, and that this amended agreement shall not be recorded in the office of the Pitkin County Clerk and Recorder , nor shall the approvals granted herein take effect , without the written consent ( or ) of any such person . With regard to the requirement for employee housing in connection with Phase II, and as a condition to the issuance of a certificate of occupancy with respect to Phase II, the City acknowledges that such employee housing requirements may be satis- fied by deed restricting seven (7 ) bedrooms, specifically Units No. 8, 11, 12, 13, 14, 15 and 16 of the Cortina Lodge, Aspen, Colorado. Such units shall be available for fifteen (15 ) employees of the Project , and the rent therefor shall be deed restricted to the low income rental guidelines in effect at the time of deed restriction , and may be adjusted annually according 13 to the annually adopted City guidelines . Rents shall include all commonly metered or assessed utilities , management cost and taxes . Employees employed directly by Owner shall be given first priority to occupy the units. No roans shall be rented for a period of less than thirty (30 ) days without the permission of the City Council or its housing designee. If vacancies occur, Owner shall he permitted to rent to other employees and music,._sta.:vents in accordance with the low incase price and incase guidelines adopted by the City. The City Council or its housing designee shall have the right to review rents and confirm employee status prior to and as a condition of employee' s occupancy for compl iance with adopted City guidelines. The employee housing to be provided with respect to Phase II shall comply with the housing size , type , income and occupancy guidelines of the City of Aspen and the provisions of Section 24-11 . 10 of the Municipal Code. The employee housing com- mitment , with regard to Phase II, shall be performed in the fol- lowing manner : Contemporaneously with the execution of this agreement , Owner has signed , acknowledged and delivered into escrow with the Aspen City Clerk a "Dedication of Real Property to Employee Hous- ing Restriction and Guideines" covering the Cortina Lodge , which dedication is to be held by the City Clerk subject to the follow- ing instructions: At the sane time that the City issues and delivers to Owner a valid and effective certificate of occupancy with regard to Phase II of the Project , the City Clerk shall and is hereby authorized , empowered and instructed to record in the 14 office of the Pitkin County Clerk and Recorder , the dedication covering the aforesaid seven (7) bedrooms in the Cortina Lodge . Owner agrees to confirm to City the status of title to the Cortina Lodge property as follows : At the time that Owner applies for a certificate of occupancy for Phase II of the Project, Owner shall deliver to the City Attorney a current Owner' s and Encumbrances Report issued by a local title insurance company covering the property , together with either a release or a subordination of any monetary liens disclosed by such reports as those liens may affect the subject dedications. Additionally, Owner covenants that from and after the date hereof any entities lending funds secured by such employee housing property shall be given actual notice of the dedication requirements contained in this agreement . Owner. shall have the right to substitute the required off- site employee housing for an aggregate of fifteen (15) employees, provided ( i) the location, size and configuration of such substi- tute housing is acceptable to the City of Aspen , as reflected by resolution of the City Council , ( ii) the minimum number of accep- table employee housing units required to house fifteen (15 ) employees remains available at all times , and ( iii) deed restric- tions , of sane legal effect as those described above with respect to the Obrtina lodge, are imposed upon the substitute units prior to release of the Cortina Lodge units and occupancy of the substi- tuted units. Contemporaneously with the filing of deed restric- tions in accordance with the above conditions , the City shall 15 release the deed restrictions upon the off- site units which have been replaced. Further , should Owner secure more units than are necessary to house fifteen ( 15 ) employees off site , Owner ' s on-site employee bedroom requirement for Phase I ( i .e . the annex Idioms No . 1, 2, 3 and 4 ) shall be reduced and deed restrictions released by the exact amount of housing as may be acceptable to as reflected by resolution of the City Council . Further , should Owner at the time of application for certificate of occupancy for Phase II of the Project , not have provided sufficient units to house fifteen (15) employees as here- inabove described , Owner shall , prior to the issuance of the cer- tificate of occupancy for Phase II, and as a condition precedent thereto , covenant and restrict a sufficient number of bedrooms within Phase II of the Project necessary to cover any shortfall in the off- site housing requirements , which deed restrictions shall be the sane in legal effect as Owner' s off-site housing requirements would have been required to meet under the terms hereof , such restricted bedrooms shall thereafter be released from said covenants when Owner does provide the required number of off-site employee bedrooms in the manner above required . Further , Owner warrants that , at the time of the issu- ance of a certificate of occupancy for Phase II, all persons , or entities having any lien , encumbrance or interest in any of the employee housing , deed restricted , properties will have consented ( or subordinated) to such deed restrictions ; and that no occupancy of Phase II will be permitted without the written consent (or 16 subordination) of any such person , unless otherwise agreed to in writing by City . The deed restriction and covenants restriction and release form shall be approved as to form by the City Attorney prior to recordation. 9. Parking. As a condition to the approvals granted herein and herewith, Owner shall provide parking in connection with the Project in the manner hereinafter described : - Phase I. In the event a building permit has not been granted for Phase II by October 1 , 1986, Owner shall provide no less than twenty- seven (27) on-site parking spaces , said spaces to be ready for use by November 1 , 1986, and to remain in use until the beginning of construction of Phase II. - Phase II. As a condition of the approvals granted herein, Owner agrees to provide fifty-one (51 ) parking spaces on- site , enclosed in a parking garage according to representations made during the approval process and noted on the amended plat . These fifty-one (51 ) parking spaces shall include, and shall not be in addition to , the twenty-seven (27) spaces to be provided by Owner in connection with Phase I. 10. Encroachments. Owner shall obtain such licenses as may be necessary with respect to encroachments in City rights-of-way . Appl ication for such encroachments shall be pursued by Owner inde- pendently of the approvals contained herein. 11. Periodic Reviews. Owner agrees that every six months following the date of this agreement until construction is com- 17 plete , Owner will meet with the City Planning Director for the purpose of informing the Planning Director as to Owner's progress in developing the project pursuant to the terms and provisions of this agreement and the approvals encompassed hereby. The Planning Director shall report to the City Planning and Zoning Commission and the City Council on the outcane of these meetings. Owner and City recognize that these meetings are not opportunities for Owner to avoid complying with the requirements of this amended agree- ment , but are for the purpose of providing progress reports and developing mutually acceptable solutions to any problems which may be encountered during the construction. 12. Incorporation of Representations and Written Submittals. Owner hereby ratifies and confirms each and every representation made and set forth by Owner in its application dated November 29, 1 985, and all written submittals and representations made in con- nection therewith to the Planning and Zoning Commission and City Council , which application and representation shall be deemed to be a part of this agreement and to be incorporated herein by this reference. 13. Permanent_Care and Maintenance of Landscaping. Owner agrees that it shall be the perpetual responsibility of the Owner or Owners from time to time of the Project to design, maintain , care for , and replace when necessary , trees , shrubs , plants , and other landscaping features which may be planted or otherwise incorporated in the Project pursuant to the landscape plan annexed hereto . 18 14. Use and Maintenance of Open_S pace. Owner shall occupy those portions of the amended plat designated as "open space" con- sistent with such uses and occupancy as permitted by applicable provisions in the Aspen Municipal Code pertaining to open space , existing and as in effect as of the date of the execution of this agreement . Further , Owner agrees to maintain in a clean and attrac- tive condition and good state of repair all such open space con- tained within the Project. 15. Non-Compliance and Request for Amendments or Extensions by Owner. In the event that the City Council determines that the Owner is not acting in substantial compl iance with the terms of this agreement , the City Council may issue and serve upon Owner a written order specifying the alleged non- compliance and requiring the Owner to cease and desist from such non- compliance and rectify the same within such reasonable time as the City Council may determine. Within twenty (20) days of the receipt of such order , the Owner may file with the City Council either a notice advising the City Council that it is in compliance or a written petition requesting a hearing to determine any one or both of the following matters : ( a) *ether the alleged non- compliance exists or did exist ; or ( b) Fkiether a variance , extension of time or amendment to this agreement should be granted with respect to any such non- compliance which is determined to exist . 19 '. Upon the receipt of such petition, the City Council shall promptly schedule a hearing to consider the matters set forth in the cease and desist order and in the petition. The hearing shall be convened and conducted pursuant to the procedures normally established by the City Council for other hearings. If the City Council determines by a preponderance of the evidence that a non- compl iance- exists which has not been remed ies , it may issued such orders as may be appropriate ; provided , however , no order terminating any approval granted herein shall be issued without a finding of the City Council that substantial evidence warrants such action in affording the Owner a reasonable time to remedy such non-compliance. A final determination of non-compli- ance which has not been remedied or for which no variance has been granted may , at the option of the City Council , and upon written notice to the Owner , terminate any of the approvals contained herein which are reasoanbly related to the requirements with which Owner has failed to comply. Alternatively, the City Wuncil may grant such variances , extensions of time or amendments to this agreement as it may deed appropriate under the circumstances . In addition to the foregoing , the Owner or its successors or assigns may, on its own initiative, petition the City Council for a vari- ance , an amendment to this amended agreement or an extension of one or more of the time periods required for performance under the construction schedules or otherwise. The City Council may grant such variances , amendments to this agreement , or extensions of time as it may deem appropriate under the circumstances. The par- 20 ties expressly acknowledge and agree that the City Council shall not unreasonably refuse to extend the time periods for performance indicated in the construction schedules if Owner demonstrates by a preponderance of the evidence that the reasons for the delay( s) which necessitate said extension( s) are beyond the control of the Owner , despite good faith efforts on its part to perform in a timely manner . With respect to the construction schedule, the Owner has made various assunptions , including the following : (1 ) Negotiation , arrangement and completion of the pre- existing activity by Owner , including construction borrowing , bid- ding , contractor selection and contractor mobilization prior to the projected starting date of no later than May 1, 1987; (2 ) Ratification of the estimated construction and development schedule by the selected lender and contractor; (3 ) Prompt availability of the required labor forces and construction materials at all necessary phases throughout the construction; (4 ) No interruption in construction operations through the winter months during the actual construction period by acts of God , or other matters beyond the control of Owner . 16. Notice. Notice is to be given to the parties to this agreement shall be deemed given if personally delivered or deposited in the United States Mail to the parties by registered or certified mail at the addresses indicated below, or at such other addresses as may be substituted by written notice by the parties or their successors or assigns: 21 City of Aspen : Owner : City Manager Hotel Jerome Limited Partner- 130 South Galena Street ship Aspen, Colorado 81611 c/o Marketing Corp . of America 285 Riverside Avenue Westport, Connecticut 06880 Copies to: Levitt , Rockwood & Sanders Attorneys at Law 33 Riverside Avenue Westport , Connecticut 06880 17. Bindiny_Clause. The provisions hereof shall run with and constitute a burden upon the title to the subject property , it shall be binding upon and shall inure to the benefit of the Owner and the City and their respective heirs , personal representatives , successors and assigns. 18. Applicable Law. This agreement shall be subject to and construed in accordance with the laws of the State of Colorado and the Municipal Code of the City of Aspen . 19. Severbility. If any of the provisions of this agreement or any paragraph , sentence , clause , phrase , word or section or the application thereof in any circumstances is invalidated , such invalidity shall not affect the validity of any such provision, paragraph , sentence , clause , phrase , word or section under any other circumstances shall not be affected thereby. 20. Incorporation of Recitals and Written Submittals. The City and Owner stipulate and agree that the "recitals" preceding this agreement , and all of the written sutmittals ( as amended and presently effective) made by Owner to City throughout the course 22 of the approval process , shall be deemed to be a part of this agreament and to be incorporated herein by this reference . 21 . Entire Agreement_ Amendment. This agreement contains the entire understanding and agreement between the parties herein with respect to the transactions contemplated hereunder and may be altered or anended fran time to time only by written instrument executed by each of the parties hereto . 22. Acceptance of Plat. Upon execution of this anended agreement by all parties hereto , the City agrees to approve and execute the anended plat , and to accept the sane for recordation in the office of the Pitkin Cbunty Clerk and Recorder , upon pay- ment of the recordation fee and cost to the City by Owner. IN WITNESS WHEREOF , the parties hereunto set their hands and seals the day and year first above written . CITY OF ASPEN, COLORADO A Municipal Corporation By William L. Stirling, Mayor ATTEST: Kathryn S. Koch, City Clerk APPROVED AS TO FORM : Paul J. Taddune , City Attorney 23 OWNERS: HOTEL JER 4F LIMITED PARTNERSHIP, A Connecticut Limited Partnership By_ — ---- MARKETING CORPORATION OF AMERICA By Gerald A. Sin ith STATE OF COLORADO ss . County of Pitkin The foregoing instrument was acknowledged before me this day of ____ ___ 1986, by William L. Stirling as Mayor and Kathryn S. Koch as City Clerk of the City of Aspen , Colorado. WITNESS MY HAND AND OFFICIAL SEAL. My commission expires: Notary Public Address STATE OF CONNECTICUT ss . aunty of The foregoing instrument was acknowledged before me this __ day of , 1986, by as of Hotel Jerome Limited Partneship. WITNESS MY HAND AND OFFICIAL SEAL. My commission expires : Notary Public Address 24 STATE OF CONNECTICUP ss . County of The foregoing instrument was acknowledged before me this ____ day of 1986, by as of Marketing Corporation of Pmerica. WITNESS MY HAND AND OFFICIAL SEAL. My commission expires : Notary Public Address 3C 25 MEMORANDUM TO: Aspen City Council THRU : Ron Mitchell , Acting City Manager Li- FROM: Alan Richman, Planning and Development Director RE : Hotel Jerome PUD Agreement DATE : July 9 , 1986 SUMMARY: If the Council can resolve the issues discussed below and the City Attorney can complete his review of the agreement and resolve any additional outstanding issues , the Planning Office recommends Council's approval of the agreement. PREVIOUS COUNCIL ACTION: At your meeting on June 23 , you approved the amendments to the prior PUD, subject to your review of the PUD agreement . BACKGROUND: The purpose of the PUD agreement is to obtain a written commitment from the applicant that all improvements required of the development will be appropriately installed and all other conditions and commitments will be met within a specified time frame. An agreement was entered into by the City and the prior owner of the Hotel Jerome in April , 1983 concerning the original Hotel Jerome PUD. The intent of the agreement before you today is to supercede all provisions of the prior agreement and to reflect all conditions and commitments from the Phase I (The Renovation) and Phase II (The Addition) PUD amendments. PROBLEM DISCUSSION: The agreement in your packet is the third draft submitted to the City . The City Attorney reviewed the first draft and is looking at the third draft ; the Planning Director and Project Engineer have reviewed the second draft and feel that most of our substantive concerns have been addressed in this latest version. There are two sections of the PUD Agreement which we would like to bring to Council' s attention for possible revisions. Both of the areas of dispute are in Section 3 of the agreement , Other Physical Improvements. On page 5 , the agreement deals with the water line extension and does not provide for payment of the full cost of the loop by the applicant. Staff comments in this regard are: o The loop is of benefit to the project and not to the City as a whole. The system is already looped in this vicinity for other projects but would not be for the Jerome without installation of the full improvement requested. o The City is not reneging on any provision of the prior agreement. The City did not commit in the prior PUD Agreement to paying for the loop. o The City Water Department Supervisor feels very strongly that the loop should be installed by the applicant. In the event that no agreement is reached on this matter , Jim Markalunas asks that a hold harmless clause be added to the agreement as to water service by the City. Staff recommends that Council require the applicant to pay for the entire cost of looping the water system. The second area in question is on page six (6) , where the agreement addresses the regrading which is to occur on Bleeker Street. In Condition 3 of P&Z Resolution 86-8 , which was accepted by Council on 6/23 , the applicant is required to front the entire cost of the regrading, with the City repaying the applicant for half the cost. The applicant has met this condition, but has stated that the City ' s repayment period is two years, and interest is to be charged at ten percent. While the two year time period seems reasonable for this minor capital expense , the provision for interest is new, and unexpected. We do not support its inclusion in the agreement. Two other minor issues which the applicant is presently addressing are : 1. On page 7 some language has been left out and so the reference to landscaping costs is confusing; and 2. Exhibit A (cost schedule) and Exhibit B (plat and landscape plan) are not properly identified in the agreement and need to be attached. We expect both exhibits to be available at your meeting. ADVISORY COMMITTEE VOTE: On July 8 , we informed P&2 of Council ' s action with respect to the height on Sleeker Street. The Commission determined that the height condition applied only to the PUD Amendment (on which it is a recommending body and can be overturned by Council) and not to the Conditional Use Permit (on which P&Z has final authority) . Therefore, the P&Z recommendation of approval is valid, and Council can complete its action on the PUD at this time. RECOMMENDED MOTION: Upon resolution of the above issues, the appropriate motion is : "Move to approve the Hotel Jerome Amended PUD Agreement and to authorize the way or to sign said document following its review by the Attorney as to its form" . AR.79 AMENDED AND RESTATED PLANNED UNIT DEVELOPMENT AGREEMENT HOTEL JEROME RENOVATION AND ADDITION This Restated and Amended Agreement, made and entered into this day of , 1986 , by and between the City of Aspen, Colorado, a municipal corporation and a home-rule City (hereinafter referred to as the "City" ) and the Hotel Jerome Limited Partnership (hereinafter referred to as the "Owner" ) . W I T N E S S E T H : WHEREAS, Owner owns that real property and the building situated thereon, commonly known as the "Hotel Jerome" , more particularly described as follows : Lots A, B, C, D, E, F, G, H, I , O, P, Q, R, S, and the East 20 feet of Lot N, Block 79 , together with the East 170 . 78 feet of the vacated alley in said Block 79 , City and Townsite of Aspen, County of Pitkin, State of Colorado; and WHEREAS, the Owners predecessor in title, JOHN F. GILMORE, submitted to the City for approval , execution and recording a Final Planned Unit Development ( P. U.D. ) Plat pertaining to the development of that project known as the "Hotel Jerome - Renovation and Addi- tion" (hereinafter referred to as the "Initial Project" ) ; and - 1 - WHEREAS , Owner 's predecessor in title entered into a Planned Unit Development Agreement with the City for said Initial Project, entitled "Planned Unit Development Agreement - Hotel Jerome - Renovation and Addition" , dated April 20 , 1983 , recorded in Book 444 at Page 750, Pitkin County Clerk and Recorder 's office; and WHEREAS , pursuant to an application dated November 29 , 1985 , which application and all representations set forth therein are hereby incorporated by reference, Owner submitted to the City an application to revise the Initial Project into two phases as follows : - Phase I : Renovation of the exisitng building, commonly known as the Hotel Jerome, pursuant to Building Permit Application and Building Permit No. , which renovation was completed and a certificate of occupancy issued therefor on or about December 26 , 1985; - Phase II : An addition to the currently existing and reno- vated Hotel Jerome, as defined and described on the plat to be pre- sented and approved by the City in accordance with the procedures for amending and/or revising a PUD plan set forth in Section 24-8 . 26 of the Municipal Code of the City of Aspen, Colorado . Collectively, • Phase I and Phase II shall be known as "The Project" ; and WHEREAS, City and Owner desire to amend the Agreement pertain- ing to the initial Project dated April 20 , 1983 , to reflect Phase I and a redesigned Phase II , as well as various matters set forth below, into one comprehensive Agreement which will supercede the Agreement dated April 20., 1983 (hereinafter this new Agreement will be referred to as "Amended and Restated Planned Unit Development Agreement" ) ; and - 2 WHEREAS , the City is willing to approve this Amended Agreement upon representation of Owner that a new plat and landscape plan will be filed within ninety ( 90 ) days of City approval , meeting approval of the City Engineer, which plat and landscape plan will accurately reflect presently existing Phase I and proposed Phase II , and which shall supercede and replace the Plat recorded April 20, 1983 ; and WHEREAS, the City has imposed conditions and requirements in connection with its approval of applicant 's request to phase the project as hereinabove described, and the parties desire to reaffirm the initial Agreement as necessary to protect, promote and enhance the public health, safety and welfare ; and WHEREAS, under the authority of Section 20-16 (c ) and Section 24-8 . 1 et seq. , of the Municipal Code of the City of Aspen, the City is entitled to assurances that the matters hereinafter set forth and agreed to will be faithfully performed by Owner; and WHEREAS, Owner is willing to enter into such agreement( s ) with and to provide such assurance( s ) to the City . NOW, THEREFORE, in consideration of the premises , the mutual covenants herein contained, it is agreed as follows : • 1 . Amended Agreement and Phasing . City and Owner agree that this Agreement shall supercede and amend that Planned Unit Develop- ment Agreement Hotel Jerome - Renovation and Addition, dated April 20 , 1983 , recorded in Book 444 at Page 750, Office of the Pitkin County Clerk and Recorder, and that a new Plat shall be submitted and recorded to supercede and replace the Plat dated May 10, 1983 , and recorded in Book 14 at Page 88 , office of the Pitkin County Clerk and Recorder, which plat shall comply with all applicable - 3 - requirements and the City of Aspen PUD regulations . The new plat shall consist of a plat, a utility plan, a landscape plan, and plan of the service and delivery access . 2 . Sidewalks , Curb and Gutter . City acknowledges that Owner has constructed a new sidewalk along Main Street frontage and has or will repair the existing sidewalks on Mill Street and shall maintain said sidewalks along Main Street and Mill Street in accordance with the sidewalk and improvements site plan, dated as of this Agreement, annexed hereto and incorporated herein as Exhibit "A" . Prior to issuance of a Certificate of Occupancy for Phase II , • or within a reasonable time thereafter as agreed to by the City Engineer, Owner shall construct new sidewalks along the Project 's road frontages on Monarch and Bleeker Streets ( six-foot minimum widths ) together with curb and gutter, all as reasonably determined by the City Engineer, in accordance with the Landscape plan, the applicable provisions of Chapters 19 and 20 of the Aspen Municipal Code, as amended, and accepted engineering standards and practices . Owner shall repair or replace any existing (or newly installed ) sidewalks, curb or gutter which may be damaged during construction. The current estimated cost of such improvements is contained in Exhibit "A" attached hereto and incorporated herein by this refer- ence . Such cost estimate shall be updated by the City Engineer when Owner applies for a Building Permit for Phase II , and Exhibit "A" shall be amended accordingly at that time . 3 . Other Physical Improvements . Prior to the issuance of a Certificate of Occupancy for Phase II , Owner shall provide and install such water lines and fire hydrants , sanitary sewer lines , - 4 - storm drainage improvements and storm sewers , and such other physi- cal improvements , as may be reasonably required pursuant to Section 20-16 (a ) of the Municipal Code, in connection with Phase II and according to normal City specifications , the schedule and cost of which include, without limitation, those contained in Exhibit "A" . Such cost estimate shall be updated by the City Engineer when Owner applies for a Building Permit for Phase II and Exhibit "A" shall be amended accordingly at that time . • The current estimated cost of such improvements does not include sewer and water taps and related fees , which will be calcu- lated and paid prior to issuance of a Building Permit for Phase II according to the then-standard practices and charges of the sewer district and water department. Specific improvements include: (a ) A new 8" water line will be installed from the 12" water main in Monarch Street east on Bleeker Street to the point where the Hotel service begins , a distance of 240 feet . The City of Aspen wants this water line to be looped into the Mill Street main . The Owner agrees to pay for the excavation, pipe, connections and patching necessary to complete this loop. The City agrees that the actual cost of completing the loop shall be credited to the water tap fees for Phase II . ( b) The City and Owner agree that Sleeker Street between Monarch and Mill Streets has a steep grade and this problem situation will be exacerbated by the shading of Bleeker result- ing from the construction of Phase II and use of Bleeker for the garage entrance and delivery site for the Hotel . The City - 5 - and Owner agree to regrade this block of Bleeker Street prior to construction of Phase II or at such time as shall be mutually agreeable to the Owner and City Engineer in order to create an average finished grade of some 2 . 5 percent. The cost of surveys , street plans , regrading, repaving and replacement of improvements to neighbors on the north side of Bleeker shall be divided equally between the City and Owner . The City shall have the choice of paying their share of the costs or of executing a promissory note to the Owner calling for repayment of the City 's share over a two-year period with interest at ten ( 10 ) percent, in which case the Owner shall front the cost . The promissory note shall be an Exhibit to this Agreement and shall be recorded when fully executed. The current cost esti- mate is $35 , 000 . 00 . The costs will be updated and refined by the Owner and City Engineer prior to application for a building permit for Phase II . As partners in the re-grading project, the City and Owner shall mutually agree to the plan, the cost, and choice of contractors . 4 . Landscape Improvements . In accordance with Section 24-8 . 16 of the Municipal Code, all required Landscaping shall substantially conform to a "Landscape Plan" annexed to the Plat and incorporated herein by reference which shows the extent and location of all plant materials and other landscape features, flower and shrub bed defini- tion, proposed plant material at mature sizes in appropriate rela- tion to scale, species and size of existing plant material , proposed treatment of all ground surfaces (e .g . , paving, turf , gravel , etc. ) , location of water outlets , and a plant material schedule with common - 6 - and botanical names , sizes and quantities . Landscaping will be com- pleted in a logical phasing sequence commensurate with the phasing of the improvements contemplated in the Construction Schedule, but in no event later than one year after the date of the Certificate of Occupancy for Phase II . If the Owner has not been issued a building permit for Phase II by the City of Aspen by May 1 , 1987 , a detailed Landscaping Plan shall be submitted for approval by the City Planning Department and the City Engineering Department in the exercise of their reasonable discretion, to be completed by July 1 , 1987 . The Owner agrees to expend at least $50, 000 . 00 for the purpose of landscaping the site according to an interim plan to be in effect until construction of Phase II . The current estimated cost of such landscaping improve- ments is agreed by the City Engineer to be $22 , 736 . 00 . Such cost estimate shall be updated by the City Engineer when Owner applies for a building permit for Phase II , and Exhibit "A" shall be amended accordingly at that time . It is the mutual understanding of the parties that a Certifi- cate of Occupancy may be issued for Phase II even if the landscaping improvements have not yet been completed, provided the portion of • the guaranty in Paragraph 6 below which covers the estimated cost of such unfinished landscaping remains available pursuant to the terms of Paragraph 6 . 5 . Construction Schedule and Program. The construction sche- dule outlines the time periods for construction and the methods for satisfying the terms of the Agreement. Owner represents to City that an accurate construction schedule cannot be submitted at this - 7 - time. It is anticipated that construction will begin in the summer of 1986 , for completion for the summer of 1987 . Prior to the issu- ance of a Building Permit for Phase II and as a condition precedent thereto, Owner agrees to provide the City Engineer with a detailed construction schedule, to the satisfaction of the City Engineer and Chief Building Official , which shall particularly address how construction phasing and other techniques will best accommodate under circumstances (a ) barricading and provision of pedestrian protection, ( b) excavation access and large truck traffic and staging areas , and (c ) construction equipment access and storage . Owner agrees that all construction materials shall be stored on the site and that all workers will be instructed to park in the Rio Grande parking lot to lessen the impact on the neighborhood. Such construction schedule shall be verified by the signatures of the City Engineer and the Chief Building Official and recorded as a supplementary exhibit hereto. Any amendments to the construction schedule shall be reviewed by the Planning Department, verified by signatures of the City Engineer and Chief Building Official , and ( if the City requires ) recorded as supplementary exhibits hereto . 6 . Financial Assurances . In order to secure the performance of the construction and installation of the improvements described in Paragraphs 2 , 3 and 4 above, and to guarantee one hundred percent ( 100% ) of the estimated cost of such improvements as reasonably agreed to by the City Engineer (as such amount may be updated from time to time as herein provided ) , Owner shall guarantee, by sight draft or letter of commitment or credit from a financially responsi- ble lender ( to be irrevocable until such improvements are com- - 8 - pleted) , that funds in the amount of such estimated cost are held by it for the account of Owner for the construction and installation of the above-described improvements . Said guaranty shall be delivered to the City prior to the issuance to Owner of a building permit for the Project, shall be in a form acceptable to the City Attorney and the City Manager , and shall give the City the unconditional right, upon default by the Owner and notice of such default in conformance with the procedures outlined in Paragraph 15 of this Agreement, to withdraw funds upon demand to partially or fully complete and pay for any of such improvements or pay any outstanding bills for work done thereon by any party, with any excess guaranty funds applicable to additional administrative or legal costs associated with any such default and the repair of any deterioration in improvements already constructed. As portions of the required improvements are com- pleted, the City Engineer shall inspect them, and upon approval and written acceptance, he shall authorize the release from the guaranty delivered by Owner of the agreed estimated cost for that portion of the improvements except that ten percent ( 10% ) of the estimated cost shall be withheld until all proposed improvements are completed and approved by the City Engineer. Provided, that the withheld ten • percent ( 10% ) which relates to the improvements described in Para- graphs 2 , 3 and 4 above shall be released by City upon completion and approval by the City Engineer of all such Paragraphs 2 , 3 , and 4 improvements and regardless of the stage of completion of landscape improvements described in Paragraph 4 above . - 9 - The Owner also agrees to deliver to the City, upon demand therefor by the City Engineer, a maintenance bond or other suitable guarantee as necessary and as may be reasonably required for the repair or replacement of any existing municipal improvements damaged during construction of new improvements . Owner will contract with recognized and bondable contractors for all improvements in Paragraphs 2 , 3 , and 4 . The contractors shall warrant all such improvements to accepted standards of good workmanship for a period of one ( 1 ) year from completion and, at Owner 's request, the City will agree in writing to accept the • improvements . 7 . Miscellaneous Issues . Owner agrees to the following items as a condition of this Agreement: a ) Owner will remove overhead wires in the middle of the garden prior to construction of Phase II for safety reasons . b) Owner will repair underground electric line servicing a street light on Mill Street which was severed during con- struction of Phase I . c) A transformer and emergency generator are located on • the western edge of the garden . Owner is exploring moving these to a new location on the site . Should this prove to be impractical , Owner will work with neighbors to lessen sound transmissions from the generator . d) Owner owns a Suburban station wagon which is to be used for guest transportation and airport pick-up and delivery, and will be stored in the underground garage . - 10 - e ) Owner has received from the Planning and Zoning Commission a conditional use approval for the expansion of the Hotel in the CC Zone District, special review approval to vary the trash and utility access area, and special review approval for a restaurant with forty-four ( 44 ) seats in the garden area . 8 . Employee Housing . As a further inducement to the City to approve the Project in two phases as set forth in this Amended Agreement, Owner has agreed to and does hereby confirm and acknow- ledge its obligation to provide housing for employees of the pro- ject, as required by the Code and regulations of the City of Aspen, or its designee, in connection with the Project. With regard to Phase I , Owner hereby agrees that Rooms No. 1 , 2 , 3 , and 4 in the hotel annex on the top floor as designated on the amended and restated plat shall be and hereby are restricted exclusively to use as employee housing sufficient to house four ( 4 ) employees of the Hotel and restricted to a maximum occupancy of one ( 1 ) employee per bedroom. Such rooms shall be used solely by hotel employees , and verification of an employee 's employment qualificaions may be accom- plished by the City of Aspen, or it 's designee, at any time the City may wish. The dedication and covenants contained herein shall be deemed a burden upon and to run with the title to the project and shall be binding upon the Owner and Owner 's successors and upon all other persons or entities having any right, title or interest in or to the project ( or bedrooms ) or any part thereof , and shall inure to the benefit of and be specifically enforceable by the City of Aspen or its designee by appropriate legal action, including injunction, abatement or eviction of non-complying tenancies , all for a period - 11 - of fifty ( 50 ) years from the date of recording hereof in the Pitkin County Clerk and Recorder 's Office. Neither this dedication nor any of the covenants contained herein shall be modified, released or waived in any respect except by written instrument executed by both Owner or its successors or assigns and the City of Aspen, Colorado, and duly recorded in the Pitkin County Clerk and Recorder 's Office . The approval by the City Council on the 9th day of December , 1985 , restricting seven ( 7 ) bedrooms , units 8 , 11 , 12 , 13 , 14 , 15 , 16 , the Cortina Lodge, Aspen, Colorado, shall fully satisfy the requirements for Phase II of the project . These units shall be provided for use by fifteen ( 15 ) employees , and shall be deed restricted to City employee housing rental , qualifications and occupancy guidelines in effect at the time such units are so provided, and prior to the issuance of a Certificate of Occupancy for Phase II , and as a condition precedent thereto. The Owner shall have the right to substitute all of the required off-site employee housing for an aggregate of fifteen ( 15 ) • employees provided ( i ) the location, size and configuration of such substitute housing is acceptable to the City of Aspen or its desig- nee , as reflected by resolution of the City Council , ( ii ) the mini- mum number of acceptable employee housing units required to house fifteen ( 15 ) employees remains available at all times , and ( iii ) the same deed restrictions are imposed upon the substitute units prior to occupancy of such units . Contemporaneously with such substitu- tion of units, the City shall release the deed restrictions upon those off-site units which have been replaced. Further, should the Owner secure more units than are necessary to house fifteen ( 15 ) - 12 - employees off-site , Owners on-site employee bedroom requirement for Phase I ( i .e . , the Annex rooms 1 , 2 , 3 , and 4 ) shall be reduced and deed restrictions released exactly by the amount of housing provided in excess of that required to house the fifteen ( 15 ) employees off-site, as may be acceptable to the City (or its designee, which may be the Aspen-Pitkin Housing Authority) , including approval by resolution of the City Council . In the event use of the annex rooms changes , the Owner shall inform the Planning Director of the new intended use for his/her approval . The approval shall be in the form of a minor P.U.D. Amendment signed off on by the Planning Director . • Further , should the Owner at the time of the certificate of occupancy for Phase II of the project, not have provided the units necessary to house fifteen ( 15 ) employees , Owner shall , prior to the issuance of the certificate of occupancy for Phase II and as a con- dition precedent thereto, covenant and restrict a sufficient number of bedrooms within Phase II of the project necessary to cover any shortfall in the off-site housing requirments , which temporary restricted bedrooms must meet the same City employee housing guide- lines as Owner 's off-site employee housing units would have been required to meet under the terms hereof , and which temporary restricted bedrooms shall thereafter be released from said covenants contemporaneously with Owner providing the required number of units for off-site employee housing in the manner above required. Owner warrants that, at the time of the issuance of the certi- ficate of occupancy for Phase II , all persons , or entities having any lien, encumbrance or interest in the Cortina Lodge, will have - 13 - consented to such occupancy and that no certificate of occupancy for Phase II will be issued without the written consent of any such person or the substitution of other employee housing to satisfy the requirement unless otherwise agreed to by City Council . The deed restriction and covenant restriction and release forms shall be approved as to form by the City Attorney prior to recorda- tion. 9 . Parking . As a condition of the approvals granted herein and herewith, the Owner shall provide parking in connection with the project in the manner hereinafter described. - Phase I . In the event a building permit has not been granted for Phase II by September 1 , 1986 , Owner shall provide twenty-seven ( 27 ) on-site parking spaces , or so many as approved by the City Engineer, said spaces to be ready for use by November 1 , 1986 , and to remain in use until the beginning of construction on Phase II . - Phase II . As a condition of the approvals granted herein , Owner agrees to provide fifty-one ( 51 ) parking spaces on-site enclosed in a parking garage according to representations made during the approval process and noted on the recorded plat . These fifty-one ( 51 ) parking spaces shall include and not be in addition to the twenty-seven ( 27 ) spaces required in Phase I . 10. Encroachments . Owner agrees to obtain such licenses as may be necessary with respect to encroachments in the City rights of way. Owner will pursue approval from City Council for all encroach- ments in a separate action . - 14 - 11 . Periodic Reviews . Owner agrees that every six ( 6 ) months following the date of final City approval of this Project until the construction thereof is complete, he will meet with the City Plan- ning Office for the purpose of informing the Planning Office as to his progress in developing the Project pursuant to the terms and provisions of this Agreement. If the Planning Office deems it necessary, the Planning Office will report to the City Planning and Zoning Commission on the outcome of one or more of these meetings . The Owner and the City recognize that these meetings are not oppor- tunities for the Owner to avoid complying with the requirements of this Agreement, but are for purposes of providing progress reports and developing mutually acceptable solutions to any problems which may be encountered during the construction period. 12 . Ratification of Representations . Owner hereby ratifies and confirms each and every representation made and set forth by Owner in its application dated November 27 , 1985 , hereunder and presentations made in connection therewith to the Planning and Zoning Commission and City Council . 13 . Permanent Care and Maintenance of Landscaping. Owner agrees that it shall be the perpetual responsibility of the Owner or Owners of the Hotel Jerome property from time to time to maintain, care for, and replace when necessary, all trees , shrubs , plants , and other landscaping features which may be planted in connection with or which are otherwise incorporated in the Hotel Jerome Project pursuant to the Landscape Plan submitted to the City as a part of the Final Plat. - 15 - 14 . Use and Maintenance of Open Space . Owner shall occupy the Project Open Space ( i .e. , the Jerome garden ) for such uses as may from time to time be deemed appropriate by Owner, provided that such occupancy and uses shall at all times be in compliance with the then-applicable provisions of the Aspen Municipal Code. Owner agrees that it shall be the perpetual responsibility of the Owner or Owners from time to time of the Hotel Jerome property to maintain in a clean and attractive condition and in a good state of repair all such Open Space contained within the Project. 15 . Non-Compliance and Request for Amendments or Extensions by Owner . In the event that the City Council determines that the Owner is not acting in substantial compliance with the terms of this Agreement, the City Council may issue and serve upon the Owner a written order specifying the alleged non-compliance and requiring the Owner to cease and desist from such non-compliance and rectify the same within such reasonable time as the City Council may deter- mine . Within twenty ( 20 ) days of the receipt of such order, the Owner may file with the City Council either a notice advising the City Council that it is in compliance or a written petition request- ing a hearing to determine any one or both of the following matters : (a ) Whether the alleged non-compliance exists or did exist ; or, (b) Whether a variance, extension of time or amendment to this Agreement should be granted with respect to any such non- compliance which is determined to exist. Upon the receipt of such petition, the City Council shall promptly schedule a hearing to consider the matters set forth in the - 16 - cease and desist order and in the petition. The hearing shall be convened and conducted pursuant to the procedures normally estab- lished by the City Council for other hearings . If the City Council determines by a preponderance of the evidence that a non-compliance exists which has not been remedied, it may issue such orders as may be appropriate; provided, however, no order terminating any approval granted herein shall be granted without a finding of the City Coun- cil that substantial evidence warrants such action and affording the Owner a reasonable time to remedy such non-compliance . A final determination of non-compliance which has not been remedied or for which no variance has been granted shall , at the option of the City Council , and upon written notice to the Owner, give rise to the right of specific performance and other remedies available at law or equity. In addition to the foregoing, the Owner or its successors or assigns may, on its own initiative, petition the City Council for an amendment to this Agreement or the Plat or to extend any of the time • periods required for performance . With respect to the Construction Schedule, the Owner has made vaious assumptions , including the following: ( 1 ) Final approval of the Plat and related documentation prior to September 1 , 1986 ; ( 2 ) Negotiation, arrangement and completion of pre-construc- tion activity by Owner, including construction borrowing, bidding, contractor selection and contractor mobilization prior to the pro- jected starting date of no later than May 1 , 1987 ; - 17 - ( 3 ) Ratification of the estimated construction and development schedule by the selected lender and contractors ; ( 4 ) Prompt availability of the required labor forces and con- struction materials at all necessary phases throughout the construc- tion period; ( 5 ) No interruption in construction operations through the winter months during the actual construction period by acts of God or other matters beyond the control of the Owner . . The City Council shall not unreasonably refuse to extend the time periods for performance indicated in the Construction Schedule if Owner demonstrates by a preponderance of the evidence that the reasons for said extension are beyond the control of the Owner , despite good faith efforts on his part to accomplish the same . 16 . Notice. Notices to be given to the parties to this Agree- ment shall be deemed given if personally delivered or if deposited in the United States Mail to the parties by registered or certified mail at the addresses indicated below, or at such other addresses as may be substituted upon written notice by the parties or their successors or assigns : City of Aspen: City Manager 130 South Galena Street Aspen, Colorado 81611 Owner: Hotel Jerome Limited Partnership c/o Marketing Corp of America 285 Riverside Drive Westport, Connecticut 06880 - 18 - With copies to: Garfield and Hecht, P.C. 601 East Hyman Avenue Aspen, Colorado 81611 Perry Harvey Post Office Box 8720 Aspen, Colorado 81612 17 . Binding Clause. The provisions hereof shall run with and constitute a burden upon the title to the subject property, and shall be binding upon and shall inure to the benefit of the Owner and the City and their respective heirs , personal representatives , successors and assigns . 18 . Applicable Law. This Agreement shall be subject to and construed in accordance with the laws of the State of Colorado and the Municipal Code of the City of Aspen . 19 . Severability. If any of the provisions of the Agreement or any paragraph, sentence , clause , phrase, word or section or the application thereof in any circumstances is invalidated, such invalidity shall not affect the validity of the remainder of the Agreement and the validity of any such provision, paragraph, sen- tence, clause, phrase, word or section under any other circumstances shall not be affected thereby. 20 . Incorporation of Recitals . The City and Owner hereby stipulate and agree that the Recitals preceding this Agreement are part of the Agreement and are to be deemed incorporated herein as though fully set forth . - 19 - 21 . Entire Agreement; Amendment. This Agreement contains the entire understanding and agreement between the parties herein with respect to the transactions contemplated hereunder and may be altered or amended from time to time only by written instrument executed by each of the parties hereto. 22 . Acceptance of Plat. Upon execution of this Agreement by all parties hereto, the City agrees to approve and execute the Amended and restated Planned Unit Development plat for the Hotel Jerome, and to accept the same for recordation in the Recording Office of Pitkin County, Colorado, upon payment of the recordation fee and costs to the City by Owner. IN WITNESS WHEREOF, the parties hereunto set their hands and seals the day and year first above written. THE CITY OF ASPEN, COLORADO, A Municipal Corporation By: William Sterling, Mayor ATTEST: Kathryn Koch, City Clerk APPROVED AS TO FORM: Paul J. Taddune, City Attorney - 20 - OWNER: HOTEL JEROME LIiMITED PARTNERSHIP, a Connecticut Limited Partnership, by Western Properties Investments , Inc. , General Partner By: T. Richard Butera President STATE OF COLORADO ) ss . COUNTY OF PITKIN ) The foregoing was acknowledge before me this day of , 1986 , by William Sterling, as Mayor, and Kathryn Koch, as City Clerk, of the City of Aspen, State of Colorado. Witness my hand and official seal . My commission expires : Notary Public Address - 21 - STATE OF COLORADO ) ss . COUNTY OF PITKIN ) The Foregoing was acknowledged before me this day of , 1986 , by T. Richard Butera . Witness my hand and official seal . My commission expires : Notary Public Address - 22 - MEMORANDUM TO: Aspen City Council THRU : Ron Mitchell , Acting City Manager pt� FROM: Alan Richman, Planning and Development Director RE: Hotel Jerome PUD Amendment Phase II : The Addition DATE : June 23 , 1986 SUMMARY: The purpose of this meeting is for Council to review the amendments proposed by the applicant to the addition to the Hotel Jerome. Key issues for Council deliberation are: 1 . Height along Bleeker Street ; 2. Sleeker Street re-grading program; 3 . Landscape plan; and 4 . Service area . Council must provide staff with decisions on these matters so that we can insert new language into a draft PUD agreement . The new agreement , intended to replace the prior agreement in its entirety , will be presented to City Council at your next regular meeting. APPLICANT'S REQUEST: The applicant requests an amendment to the Hotel Jerome PUD with respect to the proposed addition . The attached letter from Perry Harvey describes some of the reasons for the proposed amendment , and evaluates many of the important project parameters which will need to be addressed in this land use review. The addition of lodge units to this individually designated historic structure is exempt from competition from the quota system (although to be deducted from the lodge quota at the time of building permit issuance) as per Section 24-11 .2 (b) of the Code. Specifically , the applicable provisions of the Code for Council consideration are : 1 . Section 24-8 .26 - Amendment of PUD Plan. The following actions have been granted final approval by P&Z : 1 2 . Section 24-3 . 3 (c ) - Amendment of approved conditional use (Hotel in CC zone district) . 3 . Section 24-3 .7 (d) ( 8) - Restaurant in required open space . 4 . Section 24-3 .5 (b) - Reduction of trash and utility service area dimensions. BACKGROUND: On April 11 , 1983 , the Aspen City Council approved the Hotel Jerome PUD, Renovation and Addition. When ownership of the Hotel passed from John Gilmore to the Hotel Jerome Ltd. Partnership, the Planning Office and City Attorney determined that a phased development program was permitted under current regulations, but not recognized in the adopted PUD Agreement . Therefore , the issuance of a building permit for the work on the existing building was expressly conditioned on the applicant submitting a PUD amendment addressing the impacts of phasing. That application, which we will refer to as "Hotel Jerome PUD Application , Phase I : The Renovation" was approved by City Council on May 5 , 1986 , subject to the conditions listed in the attached memorandum. PLANNING OFFICE ANALYSIS; When this proposed amendment was first presented by the applicant at a work session on February 3 , 1986 , it appeared that the changes to be made to the project were quite positive and desirable. Having now received the applica- tion and with an opportunity to review the proposal in more detail , we see some significant problems , in addition to some very clear benefits to be achieved. The following table sum- marizes the changes proposed by the applicant , and the advantages and disadvantages each change portends for the community when compared to the approved plan. 2 TABLE 1 - PUD AMENDMENT SUMMARY - HOTEL JEROME ADDITION Proposed Change Advantages Disadvantages 1 . Reduce room May lessen overall Bigger rooms may count project impact . accommodate larger guest count . 2 . Eliminate corn- W i l l l e s s e n None mercial space overall project impact . 3 . New architec- Greater historical Incompatible with tural style integrity . s u r r o u n d i n g heights ; loss of building stepback . 4 . Provide park- Insures avail - Increased heights ino on-site ability of parking will increase at same time as shading effect on project construc- Sleeker Street ; tion ; eliminates loss of contribu- travel to and from for to public off-site location. parking structure 5 . Revise land - Provides alternate Much of the open scaping plan access to the area does not meet addition and definition of open highly attractive space . dining environ- ment . 6 . Revise service Improved turning Potential auto- area movements; reduced truck conflicts ; congestion on Main increased traffic Street . on Bleeker Street . 3 Following is a more detailed examination of each of the proposed changes, their benefits and costs , and their consistency with applicable criteria from the Municipal Code. 1. Reduce Room Count - Following is a comparison of the room count as originally approved in 1983 and as to be amended herein: Approved Plan Proposed Amendment Existing Bldg - 28 guest rooms Existing Bldg - 27 guest rooms, 4 employee units in annex New Bldg - 4 employee units New Bldg - 67 guest rooms 74 guest rooms The above comparison demonstrates that whereas previously 102 guest rooms and 4 employee units were to be provided on site , the current proposal is for 94 guest rooms and 4 employee units to be located herein, a net reduction of 8 units . The smaller room count would typically translate into lessened on-site and off-site impacts , provided that the new , more spacious rooms do not result in an increased pillow count for the total hotel . 2 . Eliminate Commercial Space - The approved addition included a variety of commercial uses associated with a "full service " hotel , including a flower shop, books and gift store, boutiques, camera shop, barber/beauty salon , etc . Given the proximity of this site to shops in the commercial core, it is quite obvious that all of these uses are already within walking distance of guests. Further , it could have been expected that these uses would have drawn additional patrons (and impacts) to the hotel , and not simply act in an accessory manner for guests only. The removal of the commercial space from the project is a principal factor contributing to the reduction of the project ' s FAR by approximately 23 ,000 square feet (from about 2 .7: 1 approved to 2 . 23: 1 proposed) but still requiring a variation of the CC FAR. The allowable FAR in the CC zone district is 1 .5: 1 , increasable to 2 .0: 1 by the provision of on-site employee housing in the ratio of 2 feet of commer- cial space for every 3 feet of housing provided on-site . Since the project provides only 1 ,350 s. f . of employee housing on-site, an additional 900 s. f. of commercial area is allowable for a total project Floor Area of 73 ,818 ( 1 . 55 : 1) . Any increase beyond this size represents a 4 variation of allowable FAR. Please note that the parking garage , involving 18,400 s.f . of area, is entirely exempt from FAR calculations , as per Section 24-3 .7 (e) ( 3) of the Code . Nevertheless , since the parking structure is not fully below grade, it does contri- bute to the perceived mass of the building. On balance though, we agree that the overall site impacts will be lessened by the reduction of commercial space on-site . 3 . New Architectural Style - The applicant indicates that due to comments by the National Park Service, a revised archi- tectural theme for the addition has been developed. Quite frankly , we are most enthusiastic about some of the detailed aspects of the revised architecture and would like to compliment those responsible for proposing what is a very special treatment of a very important building . These comments simply echo those of the Historic Preservation Commission , which gave final approval to the design at a public hearing held on May 27 , 1986 . While we are most supportive of the architectural details involved in the window treatments and the more authentic , rather than modernistic character of the addition, there are significant problems which we believe can be instigated imposed by the elevations associated with the proposal . Following is a comparison of the heights at the corners and mid-block of the surrounding streets. Street Approved Plan Proposed Amendment Mill Street 47 ft. to 52 ft. 47 ft. to 52 ft . (from connection of historic building to corner of Sleeker) sleeker Street 52 ft. to 48 ft. 54 ft. to 50 ft. to to 24 ft . 40 ft. (from Mill Street corner to mid-block near pool to Monarch corner) Main Street 24 ft. 44 ft. to 33 ft. (from attachment to historic building to Aspen Times building) We find the new elevations to be incompatible with sur- rounding land uses in the area , which is a criterion of the conditional use amendment (Section 24-3 . 3 (b) ( 3) ) . It should be recalled that during the 1983 review of this project , the 5 rear half of the site was rezoned from 0 - Office , to CC- Commercial Core . This rezoning was permitted , in part , because the height of the addition around the pool was only to be 24 feet , and, therefore, was less than that allowed for the properties along Monarch and Sleeker Streets. The present proposal is substantially in excess of the 28 foot height limit of the office district , and will dwarf the surrounding uses. Furthermore, the prior design provided for a stepped-back architectural form , which helped in reducing the perceived mass of the building, and which also provided benefits in terms of shading on Sleeker Street (for additional related comments, see discussion of parking and site design , below ) . A final concern is that from a Building Code standpoint, a 50 foot height limit is the max- imum allowed for wood frame construction. This limitation would also indicate that height reductions be implemented. In response to these concerns, the applicant has produced a new set of elevations which step the building back by one story at the Sleeker-Monarch corner . However , this height reduction has been compensated for by a height increase of one story along the Main Street facade . The Planning Commission, at its hearing on June 3 , preferred the new design approach by a 4-0 vote . However , the Historic Preservation Commission , in a 6-1 vote , denied the new Sleeker Street elevation as being an inappropriate architec- tural addition. Their feeling is that the reduced scale of the addition tends to make it more like an annex than a true partner to the original building , and does not properly finish the block. In our opinion, neither solution presented is entirely adequate. The original design overwhelmed the surrounding neighborhood and should not be supported. The alternate is much preferable from a land use compatibility standpoint , but has not satisfied HPC, and is more impactive to the Main Street elevation which is quite crucial . Our preference would be to see this extra story removed in its entirety (at the cost of five rooms ) but if this is not possible, to accept the revised solution with its step back design. 4 . Provide Parking On-Site - The approved PUD plan required that the applicant provide 60 parking spaces (35 employee, 25 guest) in conjunction with the project . The number was derived from a staff analysis , utilizing survey data regarding method of guest arrival to Aspen, and taking into consideration existing parking on the site, the applicant ' s commitment to provide three limos and other auto disincen- tives , and the projected employment increase associated with the expansion . The spaces were to be provided through a cash contribution to the Rio Grande parking structure, with interim plans also identified if the structure were not 6 built by the time of Hotel occupancy . The applicant now proposes to place 51 spaces subgrade on the site , with access from Meeker Street . The principal benefit of this alternative is that it insures the avail- ability of parking for the project at the same time the addition is occupied. Provision of the parking on-site also eliminates the need for travel to and from the off-site location, which could have been as far away as the Golf Course under the approved PUD Agreement. One reason that so many of the required spaces were to be reserved for employees was the uncertainty as to the location of the housing to be provided by the project. At the time, it appeared that the applicant would purchase Hunter Creek units, or those in some other existing complex. The fact that we now know that the housing will be provided at the Cortina, which is within one block of the Hotel , obviates the need for much of the employee parking and opens up additional spaces for guests . Provided that the limo service operates with three vehicles , we believe the 51 spaces to be adequate for project needs . The principal problem caused by providing the parking on- site is that it has raised the elevation of the addition . Whereas previously the building around the existing pool was to be sunken 1/2 story into the ground, for a three story height of only 24 feet, the parking now protrudes 6-8 feet above grade as one moves from Mill Street to Monarch Street, for a building height of 40 feet in the northwesterly corner of the site. In addition to the visual/land use compatibility issue with respect to height , a second concern is the likely shading effect on Meeker Street . We have recently requested a shading study showing the effect of the approved building, the requested amendment and an intermediate alternative of about 32 (rather than 24 or 40) feet around the pool . Given the intention of the applicant to use Sleeker Street for delivery trucks and as a parking garage entrance , and recognizing the hazard with the existing grade on the street, we feel that it is crucial to know whether the street will be in shade for all or part of the winter . One last concern with respect to parking is that by provid- ing the spaces on-site , we have lost a potential contributor to a public parking structure. Unless the P&Z and Council simply find the amendment entirely unsupportable and send the applicant back to the drawing board (an action which we would not support) , we see no way around this issue . 5 . Revise Landscaping Plan - There are several important 7 changes to the proposed landscape plan for the property . The original approval showed landscaping in the following portions of the site : a. Jerome Garden - This area was to be a very formal flower garden and patio, surrounded by turf, shrubs and trees. b. Pool Area - A new pool and jacuzzi were to be placed in approximately the current pool location. c. Periphery - Extensive tree and shrubbery plantings were to be placed along the exterior of the project on Mill , Sleeker and Monarch Streets . An impressive planted setback buffered the Monarch/Bleeker corner. The new landscaping plan has the following elements: a. Jerome Garden - A dining area along the wall of the original hotel with seating for 44 persons is proposed. A path leading from Main Street to the entrance to the addition is also shown , as is extensive planting of sod, trees, shrubs and flowers. A spa and future pool location is shown at the very rear of the garden. b. Ballroom Patio - A brick patio with trees and shrubs is proposed between the historic and new buildings on Mill Street . c. Periphery - Extensive tree and shrubbery plantings are still to be placed along the exterior of the project. The setback at the Monarch/Bleeker corner is reduced to standard proportions. Overall , the Planning Office finds the new landscape concept to be quite satisfactory . The current plan is a vast improvement of that which was originally brought to our office last month. That plan had a very "urban" character, with excessive paving and the pool far too forward in the garden. The present scheme is much more in keeping with the historic character of the garden and the dining, which has been approved by P&Z as a restaurant in required open space, will be a very usable area. It is important that the Council recognize that virtually none of the open space on the site meets the definition of open space according to the Code . According to calculations provided by the applicant , and as verified by our office , only about 2-1/2 percent of the site meets our open space definition. Interestingly enough, none of the open space in the approved site plan meets the Code definition . The problems with the current plan from a Code standpoint are : 8 1 . The garden area does not meet the minimum frontage requirement of 100 feet or half the length of the lot frontage ( it is 60 feet wide but needs to be at least 80 feet wide) . 2 . The ballroom patio does not meet the frontage require- ment and it is also more than four feet above grade . 3 . The rear garden area does not front on the street at all . The only area which appears to meet the open space require- ments is a 1400 square foot area in the rear corner of the building at Mill and Sleeker Streets. The situation with respect to open space calculations is similar to that which we have recently experienced with the Little Nell project. In that instance, it was our recom- mendation that Council vary the method of calculating open space, based on the intent of having open space as a visual relief from the building mass. From this perspective, the 7 ,320 square feet of space in the garden which does not meet the minimum frontage requirement, but is the historic open space on the site, should be counted toward the open space requirement . Counting the two areas, an open space calcula- tion of 18 . 3 percent is obtained. If we also add the ballroom patio, an open space calculation of 21 .7 percent is obtained. Lastly , adding the rear garden , which has no street frontage , allows for a 25 .4 percent open space calculation. Our position is that 18 .3 percent of the site be considered as open space (garden and northeastern corner) , and a variation from the 25 percent requirement be granted in light of the two other available areas which are not being built upon. 6 . Revise Service Area - The original scheme for the loading dock off Sleeker Street required trucks to back into the area , causing potential significant conflicts with other vehicles on the street. The new plan shows a loading dock in approximately the same location as previously , but in a new configuration which allows direct access for trucks without the backing in movement . This is a vast improvement over the prior plan. However , this same area provides access to the parking garage , causing the potential for auto/truck conflicts. The Engineer reviewing the project requested additional traffic and delivery data to assess the severity of this potential conflict and is also concerned about conflicts between garbage trucks and auto movement . By moving the guest drop off from Main Street (where the Highway Department refused to permit it) to Bleeker Street , 9 we trade congestion problems. However , it is vastly preferable to have this congestion removed from Main Street, if an acceptable solution to the grade/icing problem on Bleeker Street is found. According to Elyse Elliott , the cost of regrading and paving Bleeker Street is about $35 ,000 . Since this project is not in the City's capital budget, but should be accomplished at the same time as the Hotel Addition, we suggest the following options : a. Have applicant pay the full cost of the regrade; b. Have the applicant "front" the cost of the regrade and have the City pay back a percentage of this cost, with the percentage and method of payment to be finalized in the PUD Agreement with Council ; or c. Have the applicant "front" the cost of the regrade and have the City pay back the entire cost to the appli- cant . Since this problem on Sleeker Street affects both the City and the applicant, and since the applicant ' s new service area will clearly exacerbate an already hazardous situation, we feel that having the City and the applicant share the cost , with the City paying the applicant back for "fronting" the initial expenditure, is the most equitable solution. During the P&Z review , this compromise was accepted by the applicant, who agreed to front the entire cost to the City and to pay 1/2 the cost of the project , expected to be about $17 ,500 . This arrangement was accepted on the condition that the applicant has the opportunity to review the regrade plans and provide input to their design as a "partner " in the program . The applicant received approval from P&Z to vary the size of the required trash and utility service area . Using the standards of Section 24-3 .7 ( h) ( 4) , an area of about 100 linear feet on an alley is needed. The entryway to the delivery/garage is about 65 feet in length , abutting a street and not an alley. The internal dimension of the loading area and turnaround is nearly 115 feet in length . The Engineer comments that the trash area appears to be adequate at 10 ft. x. 17 ft. The applicant is working with Elyse Elliott to address the concerns she raised in her original memo (see attached letter from Perry Harvey) . MISCELLANEOUS ISSUES: A variety of other issues have been raised by the referral agencies. These issues include retention of storm drainage , provision of utilities, construction schedule, and building and zoning plan check verification. I attach the referral memos for your review , and include the appropriate comments as conditions of our recommended action. 10 SUMMARY AND RECOMMENDATION: Our review has identified both advantages and disadvantages of the proposed amendment for the Jerome Addition . The project ' s principal advantages provide ample reason for supporting the project . These advantages include : 1 . Reduced room count and elimination of commercial space will lessen the project' s impacts on the neighborhood ; 2. The revised architecture provides for greater historical integrity with the historic hotel , and the landscape plan for the garden is in keeping with its historic character as well. 3 . The provision of on-site parking insures the availability of an adequate number of spaces at the time of hotel occupancy. The new service delivery area exhibits better turning movements for Bleeker Street and drop off in this area will lessen congestion on Main Street. The principal issue which Council must resolve before final approval can be granted is that of the height along Bleeker Street. A review of the approved facade and two alternatives should be conducted and a decision made considering the compati- bility with neighboring uses, and the need to created an addition which will best accent the original hotel . In our opinion, this can best be accomplished by limiting the height along Bleeker Street from mid-block to Monarch to about 32 feet , and not replacing the units lost through this height reduction. If Council concurs, then it must direct HPC to accept this as the approved plan for the Addition. If Council follows the HPC lead, then it simply needs to override the recommendation given it by P&Z. Attached for your review in finalizing your action are : 1 . P&Z ' s resolution recommending approval with conditions; 2. A letter from HPC explaining their feelings and actions regarding the project. AR.4 11 RESOLUTION OF THE ASPEN PLANNING AND ZONING COMMISSION RECOMMENDING TO THE CITY COUNCIL OF ASPEN, COLORADO • APPROVAL OF THE AMENDMENT TO THE HOTEL JEROME EXPANSION PLANNED UNIT DEVELOPMENT Resolution No. 86- WHEREAS, on April 11 , 1983 the Aspen City Council approved the Hotel Jerome Planned Unit Development (PUD) , Renovation and Addition; and WHEREAS, subsequent to the 1983 PUD approval the Hotel Jerome ownership passed from John Gilmore to Hotel Jerome Ltd. Part- nership (hereinafter referred to as applicant) ; and WHEREAS, the 1985 "Hotel Jerome PUD Application Phase I: The Renovation" was conditioned on the applicant submitting a PUD amendment for the Hotel Jerome addition (hereinafter Phase II) ; and WHEREAS, in response to this condition the applicant submitted a PUD amendment for Phase II which was considered by the Aspen Planning and Zoning Commission (hereinafter "Commission" ) at a duly noticed public hearing on June 3 , 1986; and WHEREAS, the Commission considered representations made by the applicant as contained within Perry Harvey ' s (applicants ' representative) April 29 , 1986 letter to the Planning Office and representations depicted on drawings dated May 1 , 1986; and WHEREAS, the Commission listened to testimony provided by the applicant, Planning Office and citizens in attendance at the June 3 , 1986 public hearing. NOW, THEREFORE, BE IT RESOLVED by the Commission that it does hereby recommend that the City Council of Aspen, Colorado segithateassisanilessaikaan Resolution No. 86- r Page 2 grant the applicant approval for the Hotel Jerome PUD Amendment subject to the following conditions : 1. The applicant shall submit an amended PUD plat for the , entire parcel meeting the requirements of Section 24- 8 .12 of the Municipal Code and a new PUD Agreement for the renovation and addition, superceding the previously approved Agreement . The plat and Agreement shall include all material representations made by the applicant during the Phase I and Phase II amendments, and reflect all conditions imposed by the City Council during that process. 2. The applicant shall re-design Phase II (addition) to reduce the height of the building particularly in the north west side of the structure so the proposed addition is more compatible with adjacent land uses on Monarch and Sleeker streets. Plans for the re-design shall be submitted to the Planning Office for review prior to consideration by City Council . The applicants re-design will take into consideration the results of the shading study on Sleeker Street. 3 . The applicant shall commit to paying the entire cost for regrading Sleeker Street,_ consistent with plans for this project by the City Engineering Department provided that the plans shall also receive the review and acceptance of the applicant . The regrading shall occur in conjunction with construction of the Hotel Addition. The PUD Agreement shall contain provisions requiring in the City of Aspen to repay applicant costs associated with regrading Sleeker Street. 4 . The applicant shall provide the water system interconnec- tions and fire safety requirements, identified by Jim Markalunas in his memo dated 5/13/86 , and as elaborated upon by Elyse Elliott in her memo dated 5/28/86 . 5 . The applicant shall respond to the information requests made by the Engineering Department in their memo dated 5/28/86 as regards storm drainage , construction schedule and service area. The information regarding service area/trash utility/area and the remaining information must be reviewed by staff prior to review of the PUD Amendment by City Council . 6 . Delivery trucks shall be routed to access the site from Sleeker and Monarch Streets and not Sleeker and Mill 2 Resolution No. 86—g Page 3 - - Street . 7 . The applicant shall verify that all, building and zoning code issues raised in Bill Drueding ' s memo dated 5/27/86 and Jim Wilson ' s memo dated 5/ 29/86 can be adequately addressed. The only variations granted herein are as follows : a. Height as shows on the plans submitted and as to -- - be modified herein by Condition No. 2. b.. - FAR not to exceed 2.23 : 1. - - -ce - Trash/utility access area as shown on the plans submitted. d. Open space variation as to method of calculation - - and acceptable as 18 .3 percent. BE IT ALSO RESOLVED by the Commission that it does hereby grant conditional use approval for the expansion of the hotel in the CC zone district , special review approval to vary the trash and utility access area requirements as shown on the site plan and special review approval for a restaurant with 44 seats in the garden area as shown on the landscape plan. - - APPROVED -by the Commission at its regular meeting on June 17 , 1986 . - ASPEN PLANNING AND ZONING COMMISSION Y i B ..�//# _ C. Welton A derson, ATTEST: Chairperson City Clerk GH.611 - 3 MEMORANDUM TO: Mayor and City Council FROM : Historic Preservation Committee RE : Hotel Jerome Addition : Amended Plan DATE : June 18 , 1986 On June 10 , 1986 the Historic Preservation Committee reviewed and denied an amended plan for the Hotel Jerome Addition. The plan that HPC gave final approval to on May 27 , 1986 illustrated an addition of quite simple massing. The portion of the building abutting Mill Street had a similar height to the original Hotel Jerome; and the wing portion extending along Bleeker Street was a three story block. The project architects furthermore successfully incorporated into this design a lot of the Committee ' s concerns regarding visually breaking up the massing, fenistration, detailing and use of sandstone . From the perspective of compatability in massing, scale, materials, and details, the HPC felt that the design we approved was very acceptable and we still endorse it. While the Committee considered the problem of height off Bleeker Street which prompted this amendment , we are not satifiedwith the resultant design "tradeoff". The amended design contains a number of step-backs in the wing portion of the building and raises four stories in the center of the building along the Main Street elevation (set back 154 ' from Main Street ) . We believe this design is too complicated and fragmented. The massing is not compatible with the old Hotel Jerome in our view and the Committee rejected the amended design in a vote of 6 in favor and 1 opposed. SB .618 PERRY A. HARVEY 601 East Sleeker Street Aspen, Colorado 81611 ( 303 ) 925-4545 April 29 , 1986 Mr . Alan Richman Director of Planning City of Aspen 130 South Galena Aspen, Colorado 81611 Dear Alan : Pursuant to the requirements of Section 24-8 . 26 of the City of Aspen Zoning Code, the Hotel Jerome submits this request for certain specific amendments to the Planned Urban Development for the Renovation and Addition. The following changes in conditions since the recordation of the Agreement create the need for this request : 1 . HISTORIC: As part of the Listing of the Jerome on the National Register of Historic Places , the National Park Service approved the concept of an addition but rejected the design of the addition with the large bay windows as approved by the City of Aspen. Thus , a redesign of the addition is necessary. 2 . ANNEX: As approved, the plans called for removing the Annex and joining the addition to the north side of the historic Hotel . With phasing, the Annex was retained for kitchen and employee housing. A redesign is required to accommodate the continued existence of the Annex. 3 . PARKING: In 1983 , when the PUD was approved, development of a parking structure on the Rio Grande property was planned to coincide with the Jerome redevelopment . As the parking structure is still a future consideration and the Hotel must have convenient parking, the redesign will provide on-site parking for employees and guests . 4 . USES : The approved plan has 13 , 000 square feet of retail shops , 4 restaurants with some 450 seats , and 5 , 000 square feet of meeting space. The current owners wish to eliminate the retail space, keep only the existing two restaurants and reduce the meeting space, to be accomplished through a redesign. Mr . Alan Richman April 29 , 1986 Page 2 What follows is a description of the proposed addition and a discussion of the impact of these changes to the site and the community. In conjunction with the description, please refer to the chart I have prepared comparing the specifics of the approved and proposed designs . The new design more closely reflects the desires of the National Park Service in echoing many elements of the Historic building using brick with horizontal banding and arched windows with the distinctive "eyebrows" of brick. The footprint of the building has been changed to accommodate retention of the Annex. An area of open space has been created to provide a break between buildings , light for the Silver Queen Dining Room and ventilation for the Annex housing. The remainder of the building is much the same as approved, located in the parking area and to the west in the pool area . The approved design called for a tiered setback on Mill Street and at the corner of Mill and Bleeker . These setbacks were to reduce the winter shading on Bleeker and to give visual relief to the facade of the addition on Mill Street. The proposed design shows a greater setback on Bleeker (twelve feet) . The Mill Street elevation is no longer setback, due to the need to provide spacious hotel rooms while maintaining the maximum possible open space . Access from the historic to the addition was along the eastern side of the historic into the new. The new access , down the west side of the historic building, requires a secondary lobby on the west. This will be glass to detract minimally from the facade . The Floor Area Ratio (FAR) has changed dramatically from the approved plan. Retention of the Annex has made the historic portion larger but the overall FAR has been lowered by 17% . The total project has been reduced by almost 23 , 000 square feet. While this is a significant reduction, of greater importance is the reduced impact on the site and the environs due to the changes in proposed uses . Elimination of the retail space will decrease employees and pedestrian traffic, as will the 45% reduction in res- taurant seats . These calming effects on the busy intersection of Main and Mill allow for a more gradual impact to the entire City of Aspen. Guest impact on the site and immediate neighborhood has also been substantially improved. The approved plan had 28 rooms in the historic building and 77 in the new, with the sole guest drop-off and pick-up on Main Street. The proposed plan has 27 rooms in the historic and 67 in the addition, for a reduction of 11 rooms over- all . A secondary guest delivery and pick-up has been designed off Sleeker Street in the enclosed parking area . Taxis and special events vehicles can use this second means of entry to alleviate the congestion on Main Street. Mr . Alan Richman April 29 , 1986 Page 3 HOTEL JEROME Item Approved Proposed Net Difference Floor Area Ratio 2 . 7 to 1 2 . 23 to 1 - . 47 Square Footage 128 , 822 106 , 769 - 22 , 053 Historic 42 , 749 43 , 569 + 820 New 86 , 073 63 , 200 - 22 , 873 Parking - On-Site - 0 - 50 + 50 Parking - Square Footage - 0 - 18 , 400 + 18 , 400 Number of Rooms 105 94 - 11 Historic 28 27 - 1 New 77 67 - 10 Open Space 11 , 928 13 , 200 + 1 ,272 Height 51 . 5 53 . 5 + 2 Retail 13 , 000 - 0 - - 13 , 000 Restaurant 4 - 450 seats 2 - 250 seats - 200 Meeting 5 , 000 4 , 000 - 1 ,000 Mr . Alan Richman April 29 , 1986 Page 4 The room design is a critical element in the addition. They must be comparable to the rooms in the historic in spaciousness and sumptuousness . If not, guests unable to reserve historic rooms may choose alternate lodging , creating a problem comparable to the Brown Palace 's in Denver. The success of the Hotel Jerome with a reduced number of rooms requires that all the rooms be equal in feel to those currently existing . Please keep this in mind during your review of this proposed design . Originally parking was set at 60 spaces , 35 for employees and 25 for guests . The analysis made several key assumptions : ( 1 ) The Hotel would provide three limousines and market itself as a central facility with no need for a car; ( 2 ) the Rio Grande parking lot would be replaced with a parking structure ; ( 3 ) there would be no parking on the Jerome site; and, ( 4 ) the off-site employee housing location was unknown and thus assumed to be a commute. The proposed plan comes in light of today 's realities . The limousines and the marketing plan are unchanged. The Rio Grande parking still exists and there will be fifty spaces on-site. Finally, the Cortina Lodge has been approved for off-site employee housing, with eight parking places exactly one block from the Hotel entrance . Instead of the sole parking facility being the Rio Grande structure, the Hotel and the one-block vicinity will boast 50 spaces on-site, 8 employee spaces one block away, and the continued exis- tence of parking at the Rio Grande . Thus , if we need 35 employee spaces and 8 are at the Cortina, we need 27 spaces on-site, leaving 23 for guests . For 94 rooms, the ratio of one space for 4 . 1 guest rooms is marginally better than the approved ratio of one for each 4 . 2 rooms . The new design provides for better delivery to the Hotel . As approved, trucks had to pull across Sleeker and back in, stopping traffic and creating potential problems during the winter. This improved plan allows trucks to back directly into the parking garage or directly into two off-street parallel spaces . The open space has been increased from 25% to 27 . 6% . The proposed open space is in three areas : The Jerome garden; the space between the historic and new building, on Mill Street; and along Sleeker Street. The proposed building is two feet higher at the corner of Mill and Bleeker. This change is due to the Aspen code, which requires a parapet of at least 30 inches . The zoning officer has chosen to interpret the code so that the building height will be measured to the top of the parapet. The actual building roof is 50 . 5 feet with 36 inches of parapet. Mr . Alan Richman April 29 , 1986 Page 5 The construction schedule for Phase II has a best case and fall back plan. Ideally, construction will begin this summer immediately after approval is granted. Completion will be in time for winter use of the rooms . The winter room use is the critical element. If construction is delayed so that no rentals will be possible for the winter of 1986-1987 , then construction will be postponed to the spring of 1987 for opening in December of 1987 . Employee generation was estimated to be at 80 , with 30 part- time and 50 full-time. As the new format will not increase restau- rant space, these employee projections are still valid . The Amendment will not alter the approved housing plan for 4 employees on-site and 15 off-site . In addition to the Amendment, a variance is requested from the Planning and Zoning Commission for the trash service area. Area and Bulk requirements call for a trash service area abutting the Alley. Section 24 . 3 . 7 (H) ( 4 ) allows variation of this provision by the Plan- ning and Zoning Commission. Under Article 24 . 3 . 5 ( b) , we deserve a variance because we provide for enclosing trash compactors within the garage and easily moved containers for use by trash personnel . I look forward to further discussions regarding this improved redesign of the Hotel Jerome. Sincerely, .(7- 1727/77/7 Perry A. Harvey PAH/nkb Attachment - 1 On May 5 , 1986 City Council unanimously passed a PUD Amendment for the renovation of the existing Hotel Jerome, subject to the following conditions: 1 . Removal of excess building materials and rubbish on the Hotel Jerome site shall be accomplished no later than May 16 , 1986 to the satisfaction of the Chief Building Official and Project Planner. 2 . Head-on parking off Sleeker Street shall be eliminated by no later than May 16 , 1986 . Interim parking for no less than 27 vehicles should be provided in the rear of the existing hotel by no later than September 1 , 1986 , if no building permit has been issued by that date for the Jerome Addition. 3 . A picket fence shall be installed across the Main Street yard to screen views of the disturbed area no later than May 23 , 1986 . 4 . In conj unction with the PUD Agreement for the Jerome Addition, all items discussed in the prior proceedings shall be addressed. If no building permit has been issued by September 1 , 1986, then an interim landscaping, sidewalks and parking plan shall be drafted by September 1, 1986 and implemented by May 1 , 1987 . 5 . If no building permit has been issued for the Jerome Addition and no PUD amendment agreement is being processed by September 1, 1986 , then an amended PUD Agreement shall be submitted by that date to address all items which have been agreed to with the City Council . SB.19 MEMORANDUM To: Steve Burstein, Planning Department From: Elyse Elliott, Engineering Departmen Date : May 28 , 1986 Re: Hotel Jerome PUD Amendment - Phase II After reviewing the above application, the Engineering Department has the following comments : Utilities The plat shows a new 8" water line along Bleeker Street between Monarch and Mill streets and states "new 8" water main (looped) by the City of Aspen. " It is incorrect in stating that this will be installed by the City, the applicant should be responsible for installing the new water line. In the original PUD, the applicant agreed to reimburse the City for all related expenses. An 8" water line is not necessary, a 6" line would be sufficient, as stated in the May 13 , 1986 memo from Jim Markalunas. This new line should also have valves at the connection points on Mill and Monarch and on both sides of the service to the project. The water line should be placed at a sufficient depth so it won' t have to be re-located if the grade of Sleeker Street is altered (refer to Streets section) . The temporary overhead wires in the middle of the project should be removed prior to construction for safety reasons. During the Phase I construction, an underground electric line servicing a street light on Mill Street was severed, causing the street light to lose power. This should be repaired prior to new construction. The transformer located on Lot N next to the western property line must not have landscaping next to it for readability and cooling reasons. There must by at least 29" clearance on the north and south sides and 3 ' clearance on the east side with at least a 2 ' wide access path. Streets This project has an adverse impact on Bleeker Street. With a proposed height of 53 .5 ' , the building will cast shadows on Sleeker Street that could lead to an ice build-up. Although the 12 ' setback on Bleeker reduces the possibility of this occuring across the entire width of the street, we would like to see a study on the probability of this happening. To exacerbate this condition, Bleeker Street has a very steep grade from Mill Street going west for about 150 ' . The steep section coincides with the parking lot and service egress for the project. Sleeker could be reconstructed, giving it a gradual grade from Mill Street to Monarch Street. This would entail reducing the grade by as much as 5 ' and would cost approximately $35 ,000 . The Streets Department has no money budgeted for this project. If this is to be included in the Phase II construction project, it would be preferable to do the street reconstruction simultaneously with the Hotel construction. If the street reconstruction occurs after the Hotel construction, it might entail relocating the water line and replacing the sidewalk on Sleeker Street and regrading the service area. Storm Drainage The proposal calls for retaining 50% of the "snow melt runoff" and diverting the remaining 50% to the storm drainage system in adjacent streets. This department will allow this situation only if there was historically 50% site retainage. The applicant must either provide 100% site retainage or provide calculations that prove what the historic drainage was and match or exceed that amount. We also need to see a more detailed plan for dry well locations. Construction Schedule As was mentioned in the original PUD, the applicant must provide us with a complete construction schedule and phasing plan so that we can accommodate barricading, pedestrian traffic, truck traffic, excavation access, material storage, etc. Service Area The service area for this project is in the same location as the access/egress for the parking garage and the guest drop-off area. We see this as presenting a potential conflict between large delivery trucks and automobiles. We need more information to fully assess this design such as: - traffic data on the amount of trips per day for guests, limos, and service vehicles accessing the project. - feedback from one or more of the trucking companies, Nobel for example, on the workability of this design. Our concern is that this area might become so congested that it would force some trucks and automobiles to park along Bleeker Street. The delivery trucks should be routed so that they access the The delivery trucks should be routed so that they access the service area from Sleeker and Monarch streets instead of Sleeker and Mill streets. This would allow them to take a gradual right turn into the service area instead of a sharp left turn. Trash The applicant is seeking a variance form Section 24 .3 .7 (h) . Tony Vagneur of BFI has indicated that the 10 ' x 17 ' area proposed for trash facilities could accommodate a small compactor and two dumpsters. However, this will require daily trash pick-up, which adds to the congestion of the service area. The trash will be compacted and moved to the two containers. When the trash truck makes it daily pick-up, the two containers will have to be wheeled out of the trash room, into the garage exist, down the ramp to the trash truck. This will essentially shut off the garage exit while the trash collection process is occuring. This would take 15 to 20 minutes to complete. Parking In the original PUD agreement, the 105 room project was to provide 60 parking spaces at the Rio Grande facility. The amendment proposes 51 on-site parking spaces for a 94 room project. The number of rooms has been decreased by 11 and the number of parking spaces has been decreased by nine. The proposed plan for the service area on Bleeker Street will eliminate nine parking spaces. There are presently about 13 parking spaces on the Hotel Jerome property available for guest and employee parking that will also be eliminated. PERRY A. HARVEY Post Office Box 8720 Aspen, Colorado 81612 (303) 925-2182 June 11 , 1986 Ms . Elyse Elliott Aspen Engineering Department City Hall Aspen , Colorado 81611 Dear Elyse : This letter shall cover the issues of our June 9th meeting on the Hotel Jerome . 1 . Concerning the water line , you will discuss with Jim Markalunas the preferred location of the fire hydrant and the sizing of the water line from Monarch down Bleeker . Perhaps input is needed from the fire department for the location of the hydrant . We agree the City should install the water line with the Hotel Jerome paying for the linear feet from the Monarch water line to the point where the service line to the Hotel attaches . This was 240 linear feet in the original PUD Agreement . 2 . We will provide you with a cost estimate for the landscaping to be installed on the site . 3 . Delivery information to the Hotel comes from the General Mana- ger . During the season, there are normally three companies making deliveries and there are two to three deliveries a day, Monday through Friday. The largest truck used is forty-five feet long and, unless weather interferes , all deliveries are completed by 11 :00 a .m. During the off-seasons , deliveries average one every other day. The construction of the addition should not increase the delivery schedule as there is no increase to the food and beverage service except for occasional banquets in the ball room. I am trying to contact Nobel to give us a written review of the delivery system. Ms . Elyse Elliott June 11 , 1986 Page Two 4 . Trash has been reviewed by BFI, including the compaction equip- ment and the system for pickup. They feel the system is workable without undue interference with the other traffic into or out of the parking garage . Trash pickup will be five days weekly in the season and two to three days a week in the off- . season. The pickup time is estimated to be 8 : 00 a .m. in season and 7 : 00 a .m. in the off-season. While there may be certain short conflicts between guest cars , taxis , limos and service vehicles , nevertheless the delivery system is a vast improvement over the originally approved system and , with the regrading of Bleeker , will serve the needs of the City and the Hotel . 5 . I will contact Elam to do the necessary work to produce a firm bid for the regrading and repaving of Bleeker Street . 6 . To avoid traffic congestion on Main Street , we would like the loading and unloading zone extended for the length of the property . While this will remove some parking spaces , the parking provided on the Jerome site will on balance reduce the congestion of the neighborhood . Extending the loading zone will relieve potential congestion during peak periods at the Hotel . 7 . Regarding limousine service , the Hotel Jerome currently owns one Chevrolet Suburban. It is impossible to establish the number of limousines needed at any one time . In off-season, one will suffice ; certain weeks in March may require four . As a first-class hotel , the Jerome will provide courtesy service at whatever level required to accommodate guests . Please contact me for any additional information you may require . Sincerely, Perry A. Harvey PAH/nkb -11A-"\53.57_ ASPEN WATER DEPARTMENT MEMORANDUM \TE) TO: STEVE BURSTEIN, PLANNING DEPARTMENT FROM: JIM MARKALUNAS SUBJECT: HOTEL 13 , 1986 PUD /Adi DATE : MAY 13 , 1986 We have reviewed the appli ants request for a PUD amendment and only wish to make the loll . ing comment in respect to water availability for this property. e have had previous discussions concerning the logistics of providing water to the property from Bleeker St . Presently, there is not a water main in Sleeker between Monarch and Mill . It has been our recommendation (and will continue to be) that the Hotel Jerome provide water service for the addition via a 6" main to be constructed from Monarch St . easterly along Sleeker St . to a point perpendicular to where the service line from the new building will enter. At the inter- section of the Jerome service line and the 6" Bleeker St . main, the Water Department suggest that a new fire hydrant be in- stalled. In order to provide reliability to the Jerome Hotel addition, the Water Department recommends that the Jerome " interests" inter- connect the 6" main from Monarch St . to the 6" main on Mill St . This interconnect would provide for reliability of service and increased fire flows for the Hotel Jerome. Should the Hotel Jerome agree to providing this interconnect , the City of Aspen can provide the necessary water for the facility (see previous correspondence) . JM: ab htl . jer MEMORANDUM TO: City Attorney City Engineer Aspen Water Department Aspen Consolidated Sanitation District Fire Marshall Zoning Enforcement Official Steve Burstein/Alan Richman, Planning Office RE : Hotel Jerome PUD Amendment - Phase II DATE : May 5, 1986 Attached for your review is an application submitted by Perry Harvey on behalf of his client Hotel Jerome Limited Partnership, requesting an amendment to their previously granted HID. Please refer to the attached materials for details. Please return your comments to the Planning Office no later than May 15 in order to give this office adequate time to prepare for its presentation before the Planning Commission. Thank you. 'r/], . teerc%rh Abrr, tio.. costs- rib SE-w&-isr, ps THE AsoeL- A.-, rnria• . b/S ?n, c>— AALIQ AG5 n /IA 4-a- M E M O R A N D U M TO: Steve Burstein, Planning Alan Richman, Planning FROM: Bill Drueding, Zoning RE: Hotel Jerome DATE: May 27, 1986 ( 1 ) Once again pools and spas appear to be in the required open space. If the code does not get changed, Planning and Zoning should recommend to the Board of Adjustments that a variance be approved. I am aware of Alan Richman ' s feelings and letter in regard to pools in open space and I agree. (2) As mentioned in Perry Harvey' s letter of April 29, 1986, the roof will be measured to the top of the required parapet . Jim Wilson, as well as myself, feel this is the intent of the height code. (3) Once again, verification of open space, F. A. R. calculations , etc. , will be made by this Department during building permit application review. • (4) Applicant should be careful that proposed trees at the corner of Mill and Sleeker Streets , and Bleeker and Monarch Streets , should not further obstruct the corner site view for traffic. cc: Jim Wilson, Building Official Peggy Seegers , Zoning Official ar/BD 1 i VAN 29 1986' '' M E M O R A N D U M TO: Alan Richman, Planning Director FROM: Jim Wilson, Chief Building Official 9i✓ RE: Hotel Jerome PUD Amendment V DATE: May 29, 1986 Preliminary fire and building code concerns are based on the assumption that the proposed addition will be built with wood- frame construction, as discussions with the architect have indicated. The following should be addressed prior to building permit application : 1) The maximum allowable building height , using wood frame construction, is 50 ft . , by building code. The building code measures height to the roof deck. The section on Sheet 2 of the plans shows a 51 ' -6" building height . 2) The building must be fully fire sprinklered and Class I standpipes must be provided. 3) A 3-hour fire separation is required between the parking garage and the rest of the building. This separation is required at the drop-off lobby and receiving area. 4) A shrinkage analysis of any wood stud walls and bearing partitions supporting more than two floors and a roof must be submitted. The shrinkage or movement of the wood framing shall not have adverse effects upon the structure, fire resistance, nor any plumbing, electrical , nor mechanical systems . All other code concerns will be addressed during the plan review process when more detail is available. JW/ar June 23, 1986 City Council of Aspen Aspen, Colorado 81611 Dear Members of City Council, As property owners in the immediate area of the Jerome Hotel, (212-North Monarch Street) , we urge the Council and the owners of the Jerome to consider the following: 1. proceed with the revised building plans (approved by planning and zoning) which would allow for a 20' setback and the elimination of a fourth story on the corner of Monarch and Bleeker Streets. 2. landscaping of the addition which would offer trees of significant height to line the perimeter of the property, specifically along Sleeker Street, thus "softening" the effect of the additional height (significant height would be over 25') 3. impact of the grading of Bleeker Street upon the property of the Elder family; consideration for the Elder parking facility on Bleeker 4. appropriate planning for the elimination of unsightly vents, blowers and other rooftop protuberances 5. monitoring of no loitering or construction worker parking along Bleeker and Monarch Streets. Insistence on using the parking facility located on the Rio Grande property. Thank you for your consideration of these five points. We look for- ward to a successful Jerome which will enhance our neighborhood, not destroy its residential charm. Sincerely, Philip R. Hodgson Patricia H. Hodgson Cou.4tC� /9P6 art , Col 1/6// ,i14-,44-1,e-t.a, (Cen.e.netio, ul� a.LU,naoutce J at, .432 eat i ti fete.. (ow Ok t w az co.z, off dtuf . anod mona-clu). A- Attain du ciLeictea. � �. o MtA—L ie d aa014 `'fa-td a- tom . ,a./,tbu ch-- Cad �� 7 w tL ' o7 -Mc. co24.u_ od a tt t9Zn -ruvck.-. 1/e ututtatedi,n4 that t!`■ ,zdd- Alau Asa, bee.ni apt2/2449-ve6< el k-'Ateez42/ ina_citd swxe4.4;t9-t- najavadjah- ph-07a€4, tek aide f ` � ate- Moneock fr �zo b 41124' . .ahanitioe ty°ueu coy . s . Pair) Regular Meeting Planning and Zoning-Commission June- 17 , 1986 Welton Anderson called the meeting to order at 5: 00 p.m. with members Al Blomquist, Jasmine Type, David White, Mari Peyton and Roger Hunt present. COMMISSIONER COMMENTS 1. David White reported on a joint work session with Council and the HPC on the historic preservation element. White said they would like a demolition and excavation review on all buildings. Council discussed a historic overlay over the entire town. Council would like P & Z and HPC look at FAR and area and bulk, and perhaps have local architects help on this. Review of color and illumination was discussed . Council discussed expanding HPC' s authority, which would require more staff and clarity. 2. Alan Richman asked P & Z to attend a joint work session with Council on June 30 to discuss Code simplification. Richman told the Board the consultant selected for this work will be in town, and this meeting will give the consultant some directions. Jay Hammond, city engineer, told the Boards after this work session, the consultant team on the joint maintenance facility will report on the work they have done. Hammond gave the members a report from Fleet Maintenance Consultants on the issue of locating a maintenance facility in town. There are 5 suggested sites in the report. These meetings will be at the community center. 3. Alan Richman told P & Z their case load is starting to back up. The Popcorn Wagon is looking for special help to be reviewed rather than wait to August. Richman requested P & Z schedule a special meeting for Tuesday, June 24, to review this commercial and restaurant in open space. P & Z agreed to have a special meeting. ELECTION OF OFFICERS Hunt moved to nominate Welton Anderson as Chairman and Jasmine Tygre as Vice-chairman; seconded by Ms. Peyton. All in favor, motion carried. MINUTES Hunt moved to approve the minute of March 18 and April 8, 1986; seconded by White. All in favor, motion carried. 601 ASPEN GMP SCORING - PUBLIC HEARING Alan Richman said staff has found the best way to handle complex projects is to set specific agendas for specific approvals. Richman said this meeting is to score the 601 Aspen project under 1 Regular Meeting Planning and Zoning Commission June 17 . 1986 the growth management scoring system. Richman told the Boards they will review the zoning , subdivision and multi-year allotments on July 8. Richman pointed out the planning office review of this project has been dedicated only to GMP scoring and it has scored above the threshold. The staff has not recommended in favor or against this project. Steve Burstein, planning office, told P & Z this application is for 92 free market residential units that will be short term, as well as 20 units at the Mine Dumps that will be reconstructed for a total of 112 units . There will be 152 underground parking spaces , 20 surface parking space, a new alignment for Dean street , vacation of Juan street, $4 ,300 ,000 employee housing obligation, and hotel amenities. Burstein reminded the Board the other 1985 residential project was Sunny Park, which was allocated 4 units. Burstein said this project met the threshold on staff ' s scoring. There are some outstanding commitments in the applicant in the areas of utilities improvement, energy conservation; there are some flaws with the project. Burstein said he is concerned about the amount of paving on site as well as the ability to accommodate the Aspen Skiing Company ' s commitment for 30 parking spaces and a transit system. Burstein told the Commission he does not feel the proposed width of Dean street is adequate to serve the area. The engineering department feels 40 feet would be more appropriate than 25 feet. Burstein said there may be some problems with neighborhood compatibility, the open space and single family neighborhood. Burstein said in site design, he is concerned about placement of the building right up to the edge of the single family area, and the open space may not be in an appropriate location. Doug Allen, representing the applicant, introduced the applicant, Hans Cantrup, Bob Ownes and Sam Hyatt, Skidmore, Owings and Merrill , architect , and Mark Danielsen , general planner. Sam Hyatt , presented a model of the project to give a general overview of the concept. The proposal is for 112 free market units in a residential lodge type configuration located adjacent to Shadow mountain. This project will be within the 28 foot height limitation. Hyatt said he tried to work within the scale of the other buildings in the area. Hyatt said by combining the buildings at the bottom of the hill , it provides a greater visibility at the top of the site. Hyatt said the major building block is at the center of the property with additional housing at the lower end. This provides breathing room from the existing building along Durant street. Hyatt showed the landscaped area in the vacated Juan street. Hyatt showed the service and garage entrances , swimming pool , tennis courts and dining facilities. The character of the 2 Regular Meeting Planning and Zoning Commission June 17 , 1986 project will use stone, wood and copper. Hyatt said he tried to accomplish a resort environment using the unique site location next to the hill. There is an extension of a Nordic trail through the property and pedestrian access for hiking through vacated Juan street. There will be sidewalk access along Aspen street to service the traffic flow during ski season. Hyatt said by putting the parking below grade and making Dean street at 25 feet, they tried to keep this project to a more residential scale. Allen went over the staff' s GMP scoring. Allen pointed out the criteria for points in fire protection. The fire department has commented protection can be provided. The staff has commented the hydrants location should be changed, and there should be a 50 foot radius at the cul-de-sac for turnaround, and Dean street should be widened to 40 feet. Allen said a 40 foot street with parking on both sides is only 25 feet wide. The applicant is proposing Dean street be 25 feet wide with no parking on either side. Allen told the Board that Dean street will be privately maintained but used publicly. The applicant wants a high quality entrance to the hotel , and it will be snow melted. Allen suggested the project be allowed the full 2 points in fire protection. The criteria for parking design does include the amount of paved surface. The staff has interpreted that to include the paved surface in front of the garage. Allen said they plan 20 short term surface parking spaces and 152 below ground. Allen said the 152 spaces underground does away with the consideration of whether the surface is paved or not. Allen said they feel this is an excellent parking design, it is hidden from view and has a beautiful access to the garage. Allen said they should be entitled to 2 points for parking design. Allen told the Commission that Dean street no longer exists between Garmisch and Aspen street due to a law suit that gave the easterly portion of Dean street to Lift One condominiums. Allen said the applicant is proposing to create a connector street, which possibility does not exist at the present time. Allen suggested this is an improvement to the road system, and the applicant should be entitled to 2 points. In neighborhood compatibility, staff commented that the mass of the building was not compatible with the neighborhood. Allen said the neighborhood contains Southpoint , Lift One and Timberridge condominiums. These buildings mass and FAR are greater than what the applicant is proposing. Allen said regarding the comments on shading, Shadow mountain is higher than any of the applicant ' s proposed buildings. This building cannot create a solar problem for other buildings as the sun goes behind 3 Regular Meeting Planning and Zoning Commission -June 17 , 1986 Shadow mountain. This project should be entitled to 2 points rather than 1 . Allen brought up site design and told the Commission this area is platted for development. Most of this property is zoned L-2, and the transition has to take place somewhere. The intent of the L-2 zone district was to be a transition zone , and this site design is compatible making the transition of a lodge to the Shadow mountain site. Allen said the project should be awarded a total of 5 more points than given by the planning office. White asked if this is a studio apartment hotel with kitchens. Allen said they are applying for a growth management allotment for residential units, which allows kitchens. Allen said they feel there is a market for units with kitchens, and lodge units are not allowed kitchens. Allen told the Board there will be a dining room for guests . White asked what kind of commercial space is planned. Allen said the only commercial space will be - accessory to the hotel operation. Hunt asked about the service access to the facility. Hyatt showed the access from Garmisch through to Aspen street with the pull off to the hotel entrance. Hyatt showed the service access at the west end pod and how trucks will pull into Dean street and back into the building. Hyatt said the compactor, transformer and utilities are all within and underneath the buildings; the service corridor connects through to the dining area. Hyatt said the building is deep enough to accommodate trucks within the building. Hyatt said the building can accommodate 4 docks . Hyatt said they will try to hide the service access as much as possible. Blomquist asked to see the trail plan and asked if there are plans to get easements for trails to the west. Hyatt showed the Commission the trail cutting through the site. They have various proposed alignments, depending on what happens to easements to the west. Hunt said he is concerned as there does not seem to be provisions for improving Aspen street and the sidewalk. Hyatt said they are planning a sidewalk to connect to Dean street. Ms. Peyton said she does not see any viable area that could be perceived as a large green space. Ms. Tygre said the planning office memorandum points out there is vegetation and building shown on the area north of the Mine Dumps not owned by the applicant, and asked where that is. Hyatt showed the hillside they have shown on the drawings; however, it is not calculated as part of the plan. Allen said this is a 20 foot strip. White asked when the project would be complete. Allen said 1988 . Allen told the Commission they do not have a commitment from the Broadmoor to be the operator of the facility yet; it has been 4 Regular Meeting Planning and Zoning Commission June 17 . 1986 discussed with the Broadmoor. Allen told the Boards it is too early to get a commitment from any operator. Anderson opened the public hearing, and listed the items that the P & Z will be scoring. Jasmine dePagter asked what guarantees there will be that the landscaping will be done and taken care of. Allen answered that is part of a subdivision agreement, which is a legally binding document between the city and the developer. Jack dePagter said he does not object to the area being cleaned up and a nice hotel being built in this location. dePagter said improvements to the lodging industry should be allowed. Dave Zaagman asked how many years allotment this applicant is asking for. Anderson said the multi-year issue will be addressed at a subsequent meeting. Dave Ellis said adjacent property owners received notice of this as a public hearing for the rezoning issue . Allen said the rezoning issue will be continued to July 8. John Simmons said he is concerned with the way this project fits into the neighborhood, it is chopping across the mountain. Simmons pointed out that fire protection to the middle of the project would be very difficult. Mary Barbee told the Commission there are misrepresentations on the model. The land to the west is not the applicants and is made to appear as part of the project. Ms. Barbee showed the Commission the Barbee property. Ms. Barbee said the project is not as compatible with the west side as with the east side. Ms . Barbee said this project is configured compacts the development in one location. Dave Ellis, representing the Timberridge condominiums, said regarding storm drainage, the applicant claims to be putting curb and gutter on both sides of Aspen street between Dean and Durant. Ellis pointed out there is existing curb and gutter there and that should be taken into account. Ellis said he does not feel the parking is sufficient. The applicant is eliminating parking on Juan, which is signed no parking, but is consistently used for parking. There may be parking eliminated on Dean and Garmisch. Ellis said he does not feel a semi truck can be backed up in 25 feet. This is a deficiency in terms of service. Ellis told the P & Z there should be no points awarded for Dean street, if Juan street is to be vacated . Ellis said this project will substantially alter the existing traffic patterns in the area. Ellis said the applicant should demonstrate how the traffic will be handled. Ellis said applications are supposed to conform to zoning; this project does not conform to set backs in the L-2 zone. Ellis pointed out multiplying 112 units times 800 square feet and adding halls and stairways, it totals 112 ,000 square feet. Ellis 5 Regular Meeting Planning and Zoning Commission June 17 , 1986 said this does not account for lounge , recreation facilities , dining facilities , administration, and enclosed trash area . Ellis said this project will exceed the 1: 1 FAR in the L-2 zone. Ellis said this project has not requested PUD designation and must conform to the zone district. Ellis said any subgrade or basement areas that are habitable also have to be included in FAR calculations. Ellis said there are no hotels in town that have dining facilities 100 percent restricted to guest uses, and a condition of approval should be no liquor service and no public usage of such facility. Ellis said in terms of density, there are two doors shown on the floor plan to an 800 square foot studio with two baths. This could become a one bedroom unit, or a studio and a lodge room. This would require more parking, or a total of only 90 units. Allen said the applicant has shown a logical extension of the trail on his property, which complies with the Code. This trail was commented on favorably by the Nordic council , and the applicant feels they should get the whole 3 points. Allen said they have not dealt with the question of illegal parking. Allen said the applicant will work with the planning office to get the project to be compatible with the code and will address many of these concerns. White said these studios have 6 pillows, and in P & Z ' s discussions a room is defined by having 2 pillows. Allen said the Code addresses the room configuration, not the number of beds . Burstein said this configuration appears to meet the definition of studio. White said in discussions of the Aspen Mountain Lodge, a lock off room had to be counted as a separate room. White said these rooms could hold 3 couples with 3 cars. Allen said the units comply to Code, and the Code states a studio contains 1 .25 people. Fred Smith, adjacent property owner, said although they support the project , they are concerned about the evolution of the project . When the applicant presented the project in March, there were 100 units at about 400 square feet. The applicant has added two buildings, decreased the setback on Aspen street from 20 to 5 feet. Smith said this project appears to be able to support 600 to 700 people . Alan Bush , Silver Shadow condominiums, supported comments made by Ellis and Smith. Bush said the density is inappropriately high. Anderson continued the public hearing to July 8 , 1986. Ms. Tygre asked what the size of a typical short term units is. Ellis said a typical unit is 300 to 400 quare feet. Ms. Peyton commented employee housing at Midland Park 2 bedrooms are 850 square feet. Ms. Peyton asked if the living area could be locked off. Burstein said that would be a violation of the building code. White said the fire access is of concern to him, and it 6 Regular Meeting Planning and Zoning Commission June 17 . 1986 appears it would be difficult to get to the center portion of the complex. Hyatt said in the next phases of design, they will design an access with the fire department. Blomquist said if this is zoned lodge, these units should come out of the lodge quota. The general rule in the past has been if a project is in a lodge zone, the units come out of the lodge quota. If a project is in a RMF zone , it comes out of the residential quota. Blomquist said if previous lodge units with kitchens came out of the lodge quota , they should have been deducted from the residential quota. Blomquist said he would like a report back on previous deductions from the quota. Allen said the code allows RMF in the L-2 zone, and they would not be able to do kitchens if they were applying for lodge units. Also there are no lodge units available. Ms. Peyton said when employee housing is taken care of by cash in lieu, there may be a chance that the units will not come into existence simultaneously with this project. Georgia Taylor said the housing office would rather have the cash to use in areas of employee housing that is most needed. Hans Cantrup suggested cash in lieu could be ear marked for M.A.A. housing. Commission members scored the project. Burstein calculated the members scores Burstein said the threshold is 31 .8 points and the application scored 29 .7 and did not meet the threshold. MUNICIPAL CODE AMENDMENT - Use Tables to Allow Dwelling Units in the Commercial Core zone district Anderson stepped out of the room. Vice Chair Tygre opened the public hearing. Burstein told the Commission the land use plan, which the staff is working on, has some pertinent information and it may be better to table this. Burstein said the Commission needs to look at how this code amendment may effect the commercial inventory. It could be argued that because there is limited commercial space, this could take away from commercial space. Burstein said on the other hand, it has been suggested there may be an excess of commercial space. Burstein said the GMP quota would be effected both in the commercial quota and residential quota. Burstein said the staff feels residential uses in historic commercial structures should be a conditional use and may serve as an incentive to restoration. Burstein recommended residential uses not be permitted in non-historic structures . Burstein agreed with the applicant that residential uses in a commercial core does add vitality. The parking requirements are a special review by P & Z, and the staff is looking at a cash in lieu 7 Regular Meeting Planning and Zoning Commission June 17 . 1986 alternative towards a parking structure. Tom Baker, planning office, told the P & Z staff will have a report in July on the break down of the land uses in the downtown area. White said the Commission has changed the concept of having no residential in the downtown area. White said the third floor of any building is not a viable commercial space, and the second floor has questionable commercial value. White agreed that the vitality aspect is very positive. Blomquist said he would agree with residential uses as long as these are long term rather than short term. Andy Hecht said dwelling units are permitted in the commercial core as accessory uses. Hecht said commercial tenants on second stories do not last very long . Hunt said the Commission should address the parking problem because residents are more likely to have cars. Blomquist moved the P & Z sponsor a resolution for an amendment to the zoning code use tables to allow dwelling units accessory to the principle use , long term, deed restricted to employee housing guidelines in the commercial core zone as a permitted use in historically designated structures and as a conditional use in other buildings ; all such dwelling units to be above ground level ; seconded by White. Burstein pointed out that allowing employee housing units is not a change to the Code, which is considered an accessory use. Blomquist withdrew his motion. Ms. Peyton said free market units could be allowed as long as the parking issue is addressed. Ms. Tygre pointed out it is almost impossible to provide parking on-site in the commercial core. Richman said staff is working on a cash in lieu for parking, but the transportation study has to be done first. Richman said the plan has to identify where the money will go and what the specific program is. Ms. Tygre closed the public hearing. Hunt moved to direct the planning office to go forward with the proposed code amendment allowing permanent residential uses in the commercial core in a historically designated building with the 6 month minimum lease requirements , that this be a conditional use and that the parking requirement will have to be satisfied under special review and may include many options and does not waive the need for parking; seconded by Ms. Peyton. Blomquist said he would prefer to see this be a permitted use rather than conditional use. 8 Regular Meeting Planning and- Zoning Commission June 17 . 1986 Roll call vote; Blomquist, no; Peyton, yes ; White, yes ; Hunt , yes; Tygre, yes. Motion carried. HOTEL JEROME EXPANSION PUD AMENDMENT Alan Richman, planning director , said the resolution should reflect the ownership as Hotel Jerome Limited Partnership rather than Dick Butera. The second condition regarding shading should be changed to state "The applicant ' s redesign will take into consideration the results of the shading study on Bleeker street". Richman noted condition #3, the engineering department is uncomfortable with the figure for Sleeker street to be $17 ,500 . The engineering department would like the language to read that the city will repay half the total cost. Richman said the resolution needs a further resolved paragraph to grant conditional use, special review for trash and utility access area, and special review of commercial restaurant in open space. Perry Harvey, representing the applicant, told the Commission the engineering department talked to Elam about regrading Bleeker street and the $35 ,000 is a ball park figure. Harvey said Elam won't do the survey work required to give an accurate bid unless they are guaranteed the job. Any job over $10 ,000 the city is required to put to bid, so an exact figure cannot be reached. Harvey said the condition states the applicant will commit to paying these costs consistent with plan of the engineering department. Harvey said the applicant would like some input and the right to review the plans. Richman said he feels this is appropriate. Harvey said the plan does have to meet engineering standards because it will be a city street. Richman suggested adding language "said plans also received approval of the applicant" . Harvey told the Boards that the original PUD agreement requires the applicant to compensate the city for an 8 inch water main from Monarch street east along Bleeker 240 feet. Harvey said the applicant is not asking for this section of the original PUD agreement to be amended. The staff is now requesting the applicant to loop to Mill street. Harvey said since they are not asking this section to be amended, it should stay the way it is. Harvey said he feels this is unfair. Richman said this is needed by the project and will benefit the project, looping is a reliability of double availability of service and is standard in the city. Harvey said in the original approval, the city was going to do the loop. Harvey said he is not comfortable that it is open season on every element in the PUD agreement. Richman told the 9 •FMB, Regular Meeting Planning and Zoning Commission June 17 . 1986 Board since the original approval of this, the city has adopted a new water management plan. Richman said looping is not out of the ordinary for a project of this size. Burstein told the Boards the water department has indicated they will try to find the money to loop this system, but felt it is reasonable to ask the applicant because of the reliability. Hunt said as the city' s regulations change, people have to comply with these regulations . City Attorney Taddune said looping is the engineering state of the art, and it has an impact on insurance values, adjacent property health and safety concerns. Taddune suggested the P & Z could defer this decision to the Council because it is the city ' s water system. Taddune said his office has been insistent on having project loop their systems. Harvey said he wants to maintain the same agreement that exists in the PUD agreement. Hunt asked if the Board is satisfied with the truck access. Anderson said they are. Blomquist moved to approve Resolution 86-8 changing the second whereas to read Hotel Jerome Limited Partnership; changing condition number 3 to say mutually approved by the city engineering department and the applicant and changing $175,00 to 50 percent shared construction costs, and adding an also be it resolved at the end that a grant of condition use was given; approval was given for special review for trash and service area and for commercial uses in open space; seconded by Ms. Peyton. All in favor, motion carried. WELLS STREAM MARGIN REVIEW Steve Burstein, planning office, told the Boards this is an application for two additions, one onto the house at 1100 Black Birch, and one onto the garage area. Burstein showed Castle creek river and the structures. The engineering department has reviewed this and is satisfied construction will not take place in the 100 year flood zone. Burstein noted that two trees will be removed for the garage. This is a cottonwood forest and the loss of these two trees will not be a significant derogation of open space, and the parks department agreed this is reasonable. Hunt asked if there is a potential trail on this property. Burstein told the Board he checked the master plan, and there is none. Hunt moved to approve the stream margin review subject to conditions 1 through 3 in the planning office memorandum of 13 June 1986; seconded by Ms. Peyton. All in favor, motion carried. Blomquist moved to adjourn at 7: 40 p.m. ; seconded by White. All in favor , motion carried. 10 Regular Meeting Planning and Zoning Commission June -17 , 1986 Kathryn S Koch, City Clerk 11 PUBLIC NOTICE RE: HOTEL JEROME PUD AMENDMENT PHASE II: THE ADDITION NOTICE IS HEREBY GIVEN that a public meeting will be held on June 23 , 1986 , at a meeting to begin at 5: 00 P.M. before the City Council of Aspen, Colorado , at the Community Center on Lone Pine Road in Aspen, to consider a request by the Hotel Jerome Limited Partnership to amend the previously granted Hotel Jerome PUD. The property is located at the northwest corner of Main and Mill Streets in Aspen, Colorado. For further information, contact the Aspen/Pitkin Planning Office, 130 S. Galena Street , Aspen, CO 81611 (303) 925-2020 , ext . 223 . s/William L. Stirling Mayor , City Council of Aspen , Col orado Published in the Aspen Times on June 23 , 1986 . City of Aspen Account . fitd(P/6 e-6 I1 46 MEMORANDUM TO: Aspen Planning and Zoning Commission FROM : Alan Richman, Planning and Development Director RE : Hotel Jerome PUD Amendment Phase II : The Addition DATE : June 3 , 1986 APPLICANT'S REQUEST: The applicant requests an amendment to the Hotel Jerome POD with respect to the proposed addition . The attached letter from Perry Harvey describes some of the reasons for the proposed amendment , and evaluates many of the important project parameters which will need to be addressed in this land use review. The addition of lodge units to this individually designated historic structure is exempt from competition from the quota system (although to be deducted from the lodge quota at the time of building permit issuance) as per Section 24-11 .2 (b) of the Code. Specifically , the applicable provisions of the Code for P&Z consideration are : 1 . Section 24-8 .26 - Amendment of PUD Plan 2. Section 24-3 . 3 (c ) - Amendment of approved conditional use (Hotel in CC zone district ) . 3 . Section 24-3 .7 (d ) ( 8) - Restaurant in required open space . 4 . Section 24-3 .5 (b) - Reduction of trash and utility service area dimensions. BACKGROUND: On April 11 , 1983 , the Aspen City Council approved the Hotel Jerome PUD, Renovation and Addition. When ownership of the Hotel passed from John Gilmore to T. Richard Butera, the Planning Office and City Attorney determined that a phased development program was permitted under current regulations, but not recognized in the adopted POD Agreement . Therefore , the issuance of a building permit for the work on the existing building was expressly conditioned on the applicant submitting a PUD amendment addressing the impacts of phasing. That applica- tion , which we will refer to as "Hotel Jerome PUD Application , Phase I : The Renovation" was approved by City Council on May 5 , 1986 , subject to the conditions listed in the attached memorand- um . 1 PLANNING OFFICE ANALYSIS; When this proposed amendment was first presented by the applicant at a work session on February 3 , 1986 , it appeared that the changes to be made to the project were quite positive and desirable. Having now received the applica- tion and with an opportunity to review the proposal in more detail , we see some significant problems , in addition to some very clear benefits to be achieved. The following table sum- marizes the changes proposed by the applicant , and the advantages and disadvantages each change portends for the community when compared to the approved plan. TABLE 1 - PUD AMENDMENT SUMMARY - HOTEL JEROME ADDITION Proposed Change Advantages Disadvantages 1 . Reduce room May lessen overall Bigger rooms may count project impact . accommodate larger guest count . 2 . Eliminate com- Will lessen None mercial space overall project impact . 3 . New architec- Greater historical Incompatible with tural style integrity . s u r r o u n d i n g heights ; loss of building stepback. 4 . Provide park- Insures avail - Increased heights ing on-site ability of parking w i l l i n c r e a s e at same time as shading effect on project construc- Meeker Street ; ti on ; eliminates loss of contribu- travel to and from tor to public off-site location. parking structure 5 . Revise land - None Garden is exces- scaping plan sively "urbaniz- ed " ; buffer at corner of Meeker and Monarch has been reduced; much of the open area does not meet definition of open space . 6 . Revise service Improved turning area movements; reduced Potential auto- congestion on Main truck conflicts ; Street . increased traffic on Meeker Street. 2 Following is a more detailed e::amination of each of the proposed changes , their benefits and costs , and their consistency with applicable criteria from the Municipal Code . 1. Reduce Room Count - Following is a comparison of the room count as originally approved in 1983 and as to be amended herein: Approved Plan Proposed Amendment Existing Bldg - 28 guest rooms Existing Bldg - 27 guest rooms, 4 employee units in annex New Bldg - 4 employee units New Bldg - 67 guest rooms 74 guest rooms The above comparison demonstrates that whereas previously 102 guest rooms and 4 employee units were to be provided on site , the current proposal is for 94 guest rooms and 4 employee units to be located herein, a net reduction of 8 units . The smaller room count would typically translate into lessened on-site and off-site impacts. However, since the new rooms will be more spacious than the prior approval , it is likely that the total pillow count for the hotel has actually increased, depending on how the hotel is managed. We would like to see a comparison of expected pillow counts from the approved to the amended project to verify the actual impacts to be experienced. 2. Eliminate Commercial Space - The approved addition included a variety of commercial uses associated with a "full service " hotel , including a flower shop, books and gift store, boutiques, camera shop, barber/beauty salon , etc . Given the proximity of this site to shops in the commercial core, it is quite obvious that all of these uses are already within walking distance of guests - Further , it could have been expected that these uses would have drawn additional patrons (and impacts) to the hotel , and not simply act in an accessory manner for guests only. The removal of the commercial space from the project is a principal factor contributing to the reduction of the project ' s FAR by approximately 23 , 000 square feet (from about 2 .7: 1 approved to 2. 23: 1 proposed) but still requiring a variation of the CC FAR. The allowable FAR in the CC zone district is 1 .5: 1 , increasable to 2 . 0: 1 by the provision of on-site employee housing in the ratio of 2 feet of commer- cial space for every 3 feet of housing provided on-site . 3 Since the project provides only 1 , 350 s . f . of employee housing on-site, an additional 900 s. f. of commercial area is allowable for a total project Floor Area of 73 ,818 ( 1 . 55 : 1) . Any increase beyond this size represents a variation of allowable FAR. Please note that the parking garage , involving 18 ,400 s. f. of area, is entirely exempt from FAR calculations , as per Section 24-3 .7 (e ) ( 3) of the Code . Nevertheless , since the parking structure is not fully below grade , it does contri- bute to the perceived mass of the building. On balance though, we agree that the overall site impacts will be lessened by the reduction of commercial space on-site . 3 . New Architectural Style - The applicant indicates that due to comments by the National Park Service, a revised archi- tectural theme for the addition has been developed. Quite frankly, we are most enthusiastic about some of the detailed aspects of the revised architecture and would like to compliment those responsible for proposing what is a very special treatment of a very important building. These comments simply echo those of the Historic Preservation Commission , which gave final approval to the design at a public hearing held on May 27 , 1986 . While we are most supportive of the architectural details involved in the window treatments and the more authentic , rather than modernistic character of the addition, there are significant problems imposed by the elevations associated with the proposal . Following is a comparison of the heights at the corners and mid-block of the surrounding streets. Street Approved Plan Proposed Amendment Mill Street 47 ft . to 52 ft. 47 ft . to 52 ft. (from connection of historic building to corner of Bleeker ) Bleeker Street 52 ft . to 48 ft. 54 ft. to 50 ft. to to 24 ft . 40 ft. (from Mill Street corner to mid-block near pool to Monarch corner) Main Street 24 ft. 44 ft. to 33 ft. (from attachment to historic building to Aspen Times building) We find the new elevations to be incompatible with sur- 4 rounding land uses in the area . which is a criterion of the conditional use amendment (Section 24-3 . 3 (b) ( 3) ) . It should be recalled that during the 1983 review of this project , the rear half of the site was rezoned from 0 - Office, to CC- Commercial Core . This rezoning was permitted, in part, because the height of the addition around the pool was only to be 24 feet , and, therefore , was less than that allaaed for the properties along Monarch and Bleeker Streets. The present proposal is substantially in excess of the 28 foot height limit of the office district , and will dwarf the surrounding uses . Furthermore, the prior design provided for a stepped-back architectural form, which helped in reducing the perceived mass of the building, and which also provided benefits in terms of shading on Bleeker Street (for additional related comments, see discussion of parking and site design, below) . A final concern is that from a Building Code standpoint : a 50 foot height limit is the max- imum allowed for wood frame construction. This limitation would also indicate that height reductions be implemented. 4 . Provide Parking On-Site - The approved PUD plan required that the applicant provide 60 parking spaces (35 employee, 25 guest ) in conjunction with the project . The number was derived from a staff analysis , utilizing survey data regarding method of guest arrival to Aspen, and taking into consideration existing parking on the site, the applicant' s commitment to provide three limos and other auto disincen- tives, and the projected employment increase associated with the expansion . The spaces were to be provided through a cash contribution to the Rio Grande parking structure, with interim plans also identified if the structure were not built by the time of Hotel occupancy. The applicant now proposes to place 51 spaces subgrade on the site, with access from Bleeker Street. The principal benefit of this alternative is that it insures the avail- ability of parking for the project at the same time the addition is occupied. Provision of the parking on-site also eliminates the need for travel to and from the off-site location , which could have been as far away as the Golf Course under the approved PUD Agreement. One reason that so many of the required spaces were to be reserved for employees was the uncertainty as to the location of the housing to be provided by the project . At the time, it appeared that the applicant would purchase Hunter Creek units, or those in some other existing complex. The fact that we now know that the housing will be provided at the Cortina , which is within one block of the Hotel , obviates the need for much of the employee parking and opens up additional spaces for guests. Provided that the limo service operates with three vehicles , we believe the 51 5 spaces to be adequate for project needs . The principal problem caused by providing the parking on- site is that it has raised the elevation of the addition. Whereas previously the building around the existing pool was to be sunken 1/ 2 story into the ground, for a three story height of only 24 feet , the parking now protrudes 6-8 feet above grade as one moves from Mill Street to Monarch Street , for a building height of 40 feet in the northwesterly corner of the site . In addition to the visual/land use compatibility issue with respect to height , a second concern is the likely shading effect on Bleeker Street . We have recently requested a shading study showing the effect of the approved building, the requested amendment and an intermediate alternative of about 32 (rather than 24 or 40) feet around the pool. Given the intention of the applicant to use Bleeker Street for delivery trucks and as a parking garage entrance , and recognizing the hazard with the existing grade on the street , we feel that it is crucial to know whether the street will be in shade for all or part of the winter . One last concern with respect to parking is that by provid- ing the spaces on-site , we have lost a potential contributor to a public parking structure. Unless the P&Z and Council simply find the amendment entirely unsupportable and send the applicant back to the drawing board (an action which we would not support) , we see no way around this issue . 5 . Revise Landscaping Plan - There are several important changes to the proposed landscape plan for the property . The original approval showed landscaping in the following portions of the site : a . Jerome Garden - This area was to be a very formal flower garden and patio, surrounded by turf, shrubs and trees. b. Pool Area - A new pool and jacuzzi were to be placed in approximately the current pool location. c . Periphery - Extensive tree and shrubbery plantings were to be placed along the exterior of the project on Mill , Bleeker and Monarch Streets . An impressive planted setback buffered the Monarch/Bleeker corner. The new landscaping plan has the following elements : a. Jerome Garden - The garden area is now shown as principally brick paving, with trees and shrubs spaced within the interior and exterior of the area . The two 6 principal uses of the garden appear to be bar/outdoor dining and a swimming pool space. The garden has been extended to the rear , adjacent to the new lobby with a grass lawn. The old pool area is covered by building. b. Ballroom Patio - A brick patio with trees and shrubs is proposed between the historic and new buildings on Mill Street . c. Periphery - Extensive tree and shrubbery plantings are still to be placed along the exterior of the project. The setback at the Monarch/Sleeker corner is reduced to standard proportions. The Planning Office is very dissatisfied with the new landscape plan. We find the prior approach, which incor- porated much more green space in the traditional garden to be vastly preferable to the "urbanized" scheme proposed today . The rear green space is not likely to receive significant sun, and is not of benefit to the public due to its location . The ballroom patio, while providing an opportunity for guests to "take a breather " is also not truly viable open space for the public since it sits above the Mill Street grade by more than four ( 4) feet. The open space shown on the proposed plan does not , for the most part, conform to the definition of open space contained in the Code for the following reasons : 1 . The garden area does not meet the minimum frontage requirement of 100 feet or half the length of the lot frontage ( it is 60 feet wide but needs to be at least 80 feet wide) . 2 . The ballroom patio does not meet the frontage require- ment and it is also more than four feet above grade. 3 . The rear garden area does not front on the street at all. The only area which appears to meet the open space require- ments is a 1400 square foot area in the rear corner of the building at Mill and Bleeker Streets. The situation with repect to open space calculations is similar to that which we have recently experienced with the Little Nell project. In that instance , it was our recom- mendation that Council vary the method of calculating open space, based on the intent of having open space as a visual relief from the building mass . From this perspective, the 7 ,320 square feet of space in the garden which does not meet the minimum frontage requirement , but is the historic open space on the site, should be counted toward the open space 7 requirement . Counting the two areas, an open space calcula- tion of 18 . 3 percent is obtained. If we also add the ballroom patio, an open space calculation of 21 .7 percent is obtained. Lastly , adding the rear garden , which has no street frontage , allows for a 25 .4 percent open space calculation. Our position is that 18 .3 percent of the site he considered as open space (garden and northeastern corner) , and a variation from the 25 percent requirement be granted in light of the two other available areas which are not being built upon. In a conversation with the applicant ' s representative on 5/28 , we were informed that the applicant also does not feel comfortable with the plan as shown. A new plan has been prepared, and will be presented to P&Z at your meeting on Tuesday . This plan was presented to the staff just as this memo was being finalized and while it seems to be a vast improvement over the earlier proposal has yet to receive detailed scrutiny by us. 6 . Revise Service Area - The original scheme for the loading dock off Bleeker Street required trucks to back into the area , causing potential significant conflicts with other vehicles on the street . The new plan shows a loading dock in approximately the same location as previously , but in a new configuration which allows direct access for trucks without the backing in movement. This is a vast improvement over the prior plan. However , this same area provides access to the parking garage , causing the potential for auto/truck conflicts. The Engineer reviewing the project requested additional traffic and delivery data to assess the severity of this potential conflict and is also concerned about conflicts between garbage trucks and auto movement . By moving the guest drop off from Main Street (where the Highway Department refused to permit it) to Bleeker Street , we trade congestion problems . However , it is vastly preferable to have this congestion removed from Main Street, if an acceptable solution to the grade/icing problem on Sleeker Street is found. According to Elyse Elliott , the cost of regrading and paving Bleeker Street is about $35 ,000 . Since this project is not in the City ' s capital budget, but should be accomplished at the same time as the Hotel Addition, we suggest the following options : a. Have applicant pay the full cost of the regrade ; b. Have the applicant "front" the cost of the regrade and have the City pay back a percentage of this cost , with the percentage and method of payment to he finalized in the PHD Agreement with Council ; or 8 c. Have the applicant "front " the cost of the regrade and have the City pay back the entire cost to the appli- cant . Since this problem on Sleeker Street affects both the City and the applicant , and since the applicant ' s new service area will clearly exacerbate an already hazardous situation, we feel that having the City and the applicants share the cost , with the City paying the applicant back for "fronting" the initial expenditure, is the most equitable solution. The applicant requests that P&Z vary the size of the required trash and utility service area. Using the stan- dards of Section 24-3 .7 ( h) ( 4) , an area of about 100 linear feet on an alley is needed . The entryway to the deli- very/garage is about 65 feet in length , abutting a street and not an alley. The internal dimension of the loading area and turnaround is nearly 115 feet in length . The Engineer comments that the trash area appears to be adequate at 10 ft . x. 17 ft . If the P&Z finds that the turning movements within the service area will work, and conflicts between cars and trucks are minimal , we recommend that you vary the requirement at such time as the Engineer ' s concerns have been addressed. MISCELLANEOUS ISSUES: A variety of other issues have been raised by the referral agencies . These issues include retention of storm drainage , provision of utilities, construction schedule, and building and zoning plan check verification. I attach the referral memos for your review , and include the appropriate comments as conditions of our recommended action. SUMMARY AND RECOMMENDATION: Our review has identified both advantages and disadvantages of the proposed amendment for the Jerome Addition . The project ' s principal advantages provide ample reason for supporting the project . These advantages include : 1 . Reduced room count and elimination of commercial space will lessen the project' s impacts on the neighborhood ; 2. The revised architecture provides for greater historical integrity with the historic hotel . 3 . The provision of on-site parking insures the availability of an adequate number of spaces at the time of hotel occupancy. The new service delivery area exhibits better turning movements for Sleeker Street and drop off in this area will lessen congestion on Main Street . There are several problems which the applicant must solve before final approved is granted. These items include : 9 . 1 . The height of the addition along Bleeker Street is incom- patible with the neighboring office/residential uses. While the height at Mill Street and Bleeker has not changed significantly, that around the existing pool is dramatically increased. We recommend the following actions with respect to this problem: a . A shading study should be submitted to and reviewed by staff and P&7, comparing the effects of the approved plan, the new proposal , and an intermediate alternative of 32 feet on the Bleeker/Monarch side of the site . Based on the results of the study , it may be necessary to reduce the height of the addition to well below 40 feet . In no case , however , should the height approach 40 feet due to the incompatibility with the surrounding uses. From a compatibility standpoint , 32 feet should be the maximum height allowed on this portion of the site . Further height restrictions should be based on the results of the shading study. Height reductions should be accomplished by lowering the elevation of the parking structure or , if necessary, removing one or more stories from the building. b. The applicant should commit to fronting the cost of the Sleeker Street regrade, with the City to pay back its share of that cost through a formula to be approved in an amended PUD Agreement between the City and the applicant . 2. The landscaping plan is out of character with the historic concept of the Jerome Garden. A new plan should be reviewed and if found acceptable approved in conjunction with the PUD amendment and outdoor dining in required open space applica- tions. Without the height reduction and the new landscaping plan , we are unable to recommend approval of the POD Amendment , condi- tional use amendment or use of required open space for outdoor dining . Additional information is also needed before the trash/utility variation should be granted. At such time as the problems noted above are rectified, and all requested information is provided, we would recommend approval subject to the following conditions : 1 . The applicant shall submit an amended PUD plat for the entire parcel meeting the requirements of Section 24-8 .12 of the Municipal Code and a new PUD Agreement for the renova- tion and addition, superceding the previously approved Agreement . The plat and Agreement shall include all material representations made by the applicant during the Phase I and Phase II amendments, and reflect all conditions 10 imposed by the City Council during that process . 2. The height of the building addition along Meeker Street from mid-block to the corner of Monarch shall not exceed 32 feet from final grade . This height shall be further reduced by the Planning Commission and/or City Council if the results of the shading study to be provided by the applicant demonstrate a significant benefit to be gained from the height reduction. 3 . The applicant shall commit to paying for regrading Bleeker Street consistent with plans to be developed for this project by the City Engineering Department . The regrading shall occur in conjunction with construction of the Hotel Addition. A formula for City repayment of a percentage of the cost of the regrade shall be developed by the applicant and City Council and included in the PUD Agreement . 4 . The applicant shall provide the water system interconnec- tions and fire safety requirements identified by Jim Markalunas in his memo dated 5/13/86 , and as elaborated upon by Elyse Elliott in her memo dated 5/28/86 . 5 . The applicant shall respond to the informational requests made by the Engineering Department in their memo dated 5/28/86 as regards storm drainage , construction schedule and service area. The information with respect to the service area must be reviewed by staff before the Planning Commis- sion finalizes its action with respect to the trash/utility area variation , while the remaining information should be provided in time for Council review of the PUD Amendment . 6 . Delivery trucks shall be routed to access the site from Meeker and Monarch Streets and not Meeker and Mill Street. 7 . The applicant shall verify that all building and zoning code issues raised in Bill Drueding' s memo dated 5/ 27/86 and Jim Wilson ' s memo dated 5/ 29/86 can be adequately addressed. The only variations granted herein are as follows : a . Height as shown on the plans submitted and as to be modified herein by Condition No. 2. b. FAR not to exceed 2.23 : 1 . c . Trash/utility access area as shown on the plans submitted. d. Open space variation as to method of calculation and acceptable as 18 . 3 percent. AR.3 11 • PITKIN COUNTY TITLE, Inc. Title Insurance Company 601 E.Hopkins . PERRY HARVEY Aspen,Colorado 81611 DATE: MAY 13. 1986 (303)925-1766 . ASPEN, COLORADO 81612 ACC. NO. 86-047 Pitkin County Title, Inc. , a duly licensed Title Insurance Agent in the State of Colorado hereby certifies the following list is a current list of adjacent property owners within 300 feet of the subject property set forth on Schedule "A" attached hereto and made a part hereof, as obtained from the most current Pitkin County Assessors Tax Roll . NAME AND ADDRESS BRIEF LEGAL DESCRIPTION JEROME HOTMPANY SUBJECT PROPERTY c/o JOH . GILMORE P.OS FFICE BOX J AS N, COLORADO 81612 CARL R. BERGMAN & CATHERINE M. BERGMAN LOT K, W1 LOT M, BLK. 79 P.O. BOX 1365 LOTS E, F, BLK. 80 ASPEN, COLORADO 81612 MOUNTAIN STATES COMMUNICATIONS, INC. LOT M, W 10' LOT N, Eli LOT L, P.O. BOX E BLK 79. ASPEN, COLORADO 81612 NORTON SHARPE UNIT 1A, JEROME PROF. BLDG 11450 AYRSHIRE ROAD LOS ANGELES, CALIFORNIA 90049 KARL G. LARSON UNIT 1B, JEROME PROF. BLDG. M. MADELINE LARSON 2425 S. 162nd STREET NEW BERLIN, WISCONSIN 53151 LARRY LIGHTNER UNITS 1C, 1D, 1E, c/o GARY A. WRIGHT, ESQ. JEROME PROF. BLDG. SUITE 106 201 NORTH MILL STREET ASPEN, COLORADO 81611 ROCKY MOUNTAIN EQUITY & MORTGAGE COMPANY UNIT 1F, JEROME PROF. BLDG. JAMES R. MC DADE ELAINE B. MC DADE P.O. BOX 11689 ASPEN, COLORADO 81612 • NAME AND ADDRESS BRs..r LEGAL DESCRIPTION J. D. MULLER UNIT 1G, JEROME PROF. BLDG. P.O. BOX 4361 ASPEN, COLORADO 81612 JOSEPH E. EDWARDS, JR. UNIT 1H, 1I, JEROME PROF. BLDG. ATTORNEY AT LAW SUITE 109 201 NORTH MILL STREET ASPEN, COLORADO 81611 HERBERT S. KLEIN UNITS 2A, 2B, 2C, 2D, 2E, 2F, 2G, MARSHA L. KLEIN 2H, 2I, JEROME PROF. BLDG. JOSEPH B. KRABACHER JON DAVID SIEGLE ELIZABETH STEWART c/o KLEIN SIEGLE & KRABACHER, ATTORNEYS AT LAW SUITE 201 201 NORTH MILL STREET ASPEN, COLORADO 81611 RICHARD H. CASSENS UNIT 2J, JEROME PROF. BLDG. CAROL S. CASSENS . UNIT 2K, " it " 31645 SOUTH CANYON CIRCLE EVERGREEN, COLORADO 80439 REINHARD N. ELDER LOTS K, L, M, N, 0, BLK. 78 202 NORTH MONARCH ASPEN, COLORADO 81611 PHILIP R. HODGSON S 62' LOTS A, B, C, BLK. 78 PATRICIA H. HODGSON 212 NORTH MONARCH ST. ASPEN, COLORADO 81611 ASPEN SAVINGS AND LOAN ASSOCIATION LOTS D, E, F, G, H, I, BLK 78 P.O. BOX 8207 ASPEN, COLORADO 81612 JOAN ENID LIGHT LOTS G, H, I, BLK 72 801 BASELINE ROAD BOULDER, COLORADO 80302 • FERENC BERKO LOTS C, D, E, F, BLK. 72 MIRTE BERKO P.O. BOX 360 ASPEN, COLORADO 81612 WILLIAM G. BRUMDER, TRUSTEE LOTS N, 0, P, Q, BLK 72 2054 FIRST WISCONSIN TRUST CO. MILWAUKEE, WISCONSIN 53201 NAME AND ADDRESS M_ BRIEF LEGAL DESCRIPTION WILLIAM G. PARZYBOK, JR. LOTS R, S, BLK 72 3609 EL CAMINITO LOVELAND, COLORADO 80537 CHEVRON, U.S.A. , INC. LOTS R, S, BLK 73 PROPERTY TAX SECTION P.O. BOX 7611 SAN FRANCISCO, CALIFORNIA 94120 0. LOUIS WILLE LOTS P, Q, BLK 73 • FRANCIS LYNETTE WILLE 200 WEST MAIN STREET ASPEN, COLORADO 81611 ETHEL MC CABE LOTS N, 0, BLK. 73 FRED PEARCE P.O. BOX 531 ASPEN, COLORADO 81612 LOUISE H. SAUREL LOTS H, I, BLK. 73 • 152 EAST 81st. STREET NEW YORK CITY, NEW YORK 10028 J.E. ABELS UNITS 1 6 2, MONARCH NORTH CONDOS P.O. BOX 4707 ASPEN, COLORADO 81612 EWALD H. CROSBY LOTS E, F, G, BLK. 73 ROSA GITTMAN 325 SOUTH FOREST STREET DENVER, COLORADO 80222 MARY ESHBAUGH HAYS, TRUSTEE LOTS C, D, BLK, 73 P.O. BOX 497 ASPEN, COLORADO 81612 DRACO, INC. METES AND BOUNDS, 7-10-84 210 NORTH MILL STREET ASPEN, COLORADO 81611 TERESE LOUISE DAVID ESTATE LOTS L, M, BLK 73 c/o KITTY PIERRETTE SHERWIN PER. REP. 7017 ARANDALE ROAD BETHESDA, MARYLAND 20817 CITY OF ASPEN CITY HALL ASPEN, COLORADO 81611 COUNTY OF PITKIN PITKIN COUNTY COURT HOUSE ASPEN, COLORADO 81611 NAME AND ADDRESS BRInt LEGAL DESCRIPTION LEWIS I. SCHAINUCK ALL CONDO UNITS, 3805 SANDUNE LANE MILL MAIN CONDOS CORONA DEL MAR., CALIFORNIA 92625 FIRST ASPEN CORPORATION E1/2 LOT L, LOTS M,N,O,P,Q,R,S, P. 0. BOX 3318 BLK. 86 ASPEN, COLORADO 81612 • JAMES E. MOORE LOTS F, G, H, I, BLK. 74 ALBERTA L. MOORE P.O. BOX 707 ASPEN, COLORADO 81612 KATHARINE THALBERG LOTS D,E, BLK. 74 P.O. BOX 2766 ASPEN, COLORADO 81612 THE FORGE PARTNERSHIP LOTS R, S, BLK. 74 P.O. BOX 3159 ASPEN, COLORADO 81612 NIKLAUS G. KUHN LOT A, W1/2 LOT B, BLK. 80 GERTRUD E. KUHN P.O. BOX 8016 ASPEN, COLORADO 81612 SVEA PROPERTIES Eli LOT B, LOTS C, D AND P.O. BOX 1949 LOTS G, H, I BLK. 80 ASPEN, COLORADO 81612 WILLIAM L. BEAUMONT LOT K, BLK. 80 FLORENCE R. BEAUMONT P.O. BOX 4695 ASPEN, COLORADO 81612 LA COCINA, INC. LOTS M, N, BLK. 80 P.O. BOX. 4010 ASPEN, COLORADO 81612 DUANE R. JOHNSON LOT 0, BLK. 80 MARGARET W. JOHNSON 1116 E. CINNABAR AVENUE PHOENIX, ARIZONA 85020 ' ASPEN BANCORP, INC. LOTS, P,Q,R,S, BLK 80 119 SOUTH MILL STREET ASPEN, COLORADO 81611 HODGE CAPITAL COMPANY LOTS A, B, C, BLK. 87 1505 BRIDGEWAY BOULEVARD AND LOT D SAUSALITO, CALIFORNIA 94965 NAME AND ADDRESS BRi r LEGAL DESCRIPTION JESSE J. MADDALONE LOTS, E, F, G, H, I, BUR. 87 ESTHER M. MADDALONE THE FIRST NATIONAL BANK OF GRAND JUNCTION TRUSTEES 2265 TANGLEWOOD ROAD GRAND JUNCTION, COLORADO 81503 MARJORIE P. JENKINSON LOTS L, M, N, BLK. 87 P.O. BOX 483 ASPEN, COLORADO 81612 M & W ASSOCIATES LOT K, BLK 87 434 EAST COOPER STREET ASPEN, COLORADO 81611 METHODIST CHURCH LOTS A, B, BLK. 73 200 N ASPEN ASPEN, COLORADO 81611 WILLIAM L. SEGUIN • THE SEGUIN BUILDING CONDOS P.O. BOX 2067 all units ASPEN, COLORADO 81612 TRUEMAN ASPEN COMPANY LOT 1, TRUMAN NEIGHBORHOOD 4355 DAVIDSON ROAD COMMUNITY PROJECT AMLIN, OHIO 43002 1764# r OS*•P ASPEN Lay ] 9-------1 uu..; �• 2S c. '5.1 I, In u LIMIT 1°2 B _( ) r._�' S\ �. . ti,„;(1.‘ H OQ T.. I _ JII ,, ., I 1 ! 00t•-',,z--- - _-t yz NF` 4 4, ' I 4, l' M9 .., M, N '�• ,�6 ! I f \/''. J \� kSMUGGLER 1 , ;rM p5iRK7 r • �I AFS /• . r iaffi e:..".. '� C a _ �' ak • . / •. . ., •. y(2222 ,s1 Op /bO^ j.243..4,,T s., t< P i w\. fill 254 B ,I / • Pos•. . . D® 4. 1 . 9 / )Y O ° )7 VI 4-9" \ P J I1, 11 TRUENAN NEIGHBORHOOD p `•�`�-` Iz 52 I"' CCW.&RCIAE PROJECT . N z . .� •4 • ti l p �. r r • .. t7.-7---_,. ----5T- / I 70 • r A y 71. • Y, W q �n } � ;y�. QQ Sri :C lr.G r f " •, .141-1.434 - _ _ t--I: Q • 6-1 73) L:. i t 6S 7J) T4I B-C • r� I i kSeif J 1$,' 16 p a'd fJ'•t ",,�� 114`i I �. •mc• i •i '14.484/4 tt yy yj I, t V. '.tTl, '' l ,. 1�BAI>,41F _ j r•I.. I a r�.' j Si k ..., RLffkfR tr-'�gfie f RL i • R ET EIS /g ,T a �� 13� TJ �zoi°'YS7 r ° °41'rth ')'' 't , i w .1E 'I p < /..t2S o 1 /_,'1 I g.. l tl ^,-,,,.. A■i ' M,,'2 ` . A X411 h2 Nl 1 Uf t14 liA T i �- . •�, - "] • 4 > > t . f tl1f1.37(f'T- la `-p�� ----__545 $ GK�4/N LI%C. A I, , f ,q 3TREfi ftj4� ~ -] 19� T Sllll�`SIU C .S 1•' ¢ 1 8./:7((,��///)))��I 1 �\ .p.T a �• !I l A' 'i•4, ,,.�I NJI " ]� a-; 1 i1 rle tit y 5 `�. A. ��r. S 'r li� I 1 //}' 1 }({ W ,r♦^)yc'z T+ 1p _ \i'\_♦ BS b. .1 ch",O,P 1 Ig`Ij' 291 "'T. N /, 1ff�, I. r _ --.77-7-1747 r 0 q I tffn 4 tM1 I' 4 Nt '% .3_,,,,, G,P 451/1/i ytj 1 ' � JOG N ..\ v.• i � Sly ss. OP C`F la 4'tN A it-f.4 1. .• • a,.., � 'y ..r;11.••F .I ? � • 1 Up' _HID P']'wrl, y ..- / u�'�.tr N •. 1 l JAN`1 •J, I -C ,� •��•$= :;14. ^-.� w.G.y ..t;� I.. • J 4 v � . I�J ® _ ors,, Pc d NYM4N J J Q.7, A IIy.�r~� .1L-•4% t1,1 -BI)i/♦'1� �1 I e4 4VTr,._ Ikli I • T. 'tip A / ,c,_ ,1,_r-'I Asa. '941- CERTIFICATE OF MAILING • I hereby certify that on this /( 91 day of � (t r./ 198([, a true and correct copy of the attached Notice of .public Hearing was deposited in the united States mail, first-class postage prepaid. to the adjacent property owners as indicated on the attached list of adjacent property owners which was supplied to the Plannaing Office by the applicant in regard to the case named on the public notice. Nancy Crelli PUBLIC NOTICE RE: HOTEL JEROME POD AMENDMENT Parcel ID #2737-073-21-001 NOTICE IS HEREBY GIVEN that a public hearing will be held on June 3 , 1986 , to begin at 5: 00 P. M. before the Aspen Plannin and Zoning Commission, in City Council Chambers, 130 S. Galena Street, Aspen, Colorado, to consider a request by the Hotel Jerome Limited Partnership to amend the previously granted Hotel Jerome POD. The property is located at the northwest corner of Main and Mill Streets in Aspen, Colorado . For further information, contact the Aspen/Pitkin Planning Office, 130 S. Galena Street, Aspen, Colorado 81611 (303) 925- 2020, ext. 223 . s/C. Welton Anderson Chairperson, Aspen Planning and Zoning Commission Published in the Aspen Times on May 8, 1986 . City of Aspen Account . N.31 PUBLIC NOTICE RE: HOTEL JEROME PUD AMENDMENT PHASE II: THE ADDITION NOTICE IS HEREBY GIVEN that a public meeting will be held on June 23 , 1986 , at a meeting to begin at 5: 00 P.M. before the City Council of Aspen , Colorado , at the Community Center on Lone Pine Road in Aspen, to consider a request by the Hotel Jerome Limited Partnership to amend the previously granted Hotel Jerome PUD. The property is located at the northwest corner of Main and Mill Streets in Aspen, Colorado . For further information, contact the Aspen/Pitkin Planning Office, 130 S. Galena Street, Aspen, CO 81611 (303) 925-2020 , ext . 223 . s/William L Stirling Mayor , City Council of Aspen , Colorado Published in the Aspen Times on June 23 , 1986 . City of Aspen Account . PUBLIC NOTICE RE: HOTEL JEROME POD AMENDMENT Parcel ID #2737-073-21-001 NOTICE IS HEREBY GIVEN that a public hearing will be held on June 3 , 1986, to begin at 5: 00 P. M. before the Aspen Plannin and Zoning Commission, in City Council Chambers, 130 S. Galena Street, Aspen, Colorado, to consider a request by the Hotel Jerome Limited Partnership to amend the previously granted Hotel Jerome PUD. The property is located at the northwest corner of Main and Mill Streets in Aspen, Colorado. For further information, contact the Aspen/Pitkin Planning Office, 130 S. Galena Street, Aspen, Colorado 81611 (303) 925- 2020, ext . 223 . s/C. Welton Anderson Chairperson, Aspen Planning and Zoning Commission Published in the Aspen Times on May 8, 1986 . City of Aspen Account . N.31 CITY/COUNTY PLANNING OFFICE 130 S. ,SALENA ASSN, COLORADO $161 1 {]/ 5 Aic1\// �'`+�.� County of Pitkin Pitkin County Court House Aspen , CO 81611 CV,t/r/.. Me la 1'%.!urvTA?S 1 ;ASPEN, COLORADO 131E 18 ._ 36 =-.,..... • � fapFR Mry F Mr . & Mrs . William Beaumont Box 4695 Aspen , CO 81612 ■ CITY/CO[1MTY I Lr,,SN? i O19 :.` ( 130 3. t$ALENA fA9PEN, 'CCLQ AD0 8161w ! , City of Aspen City Hall ` Aspen , CO 81611 e � Pcbiic Hospitals U Fra A WILLIAM & FLORENCE BEAUMONT P.O . BOX 4695Z� ASPEN , CO 81612 b/,'/ L MEMORANDOM TO: City Attorney City Engineer Aspen Water Department \r`k', Aspen Consolidated Sanitation District Fire Marshall Zoning Enforcement Official \rt, FROM: Steve Burstein/Alan Richman, Planning Office RE : Hotel Jerome HID Amendment - Phase II DATE : May 5 , 1986 Attached for your review is an application submitted by Perry Harvey on behalf of his client Hotel Jerome Limited Partnership, requesting an amendment to their previously granted MID. Please refer to the attached materials for details. Please return your comments to the Planning Office no later than May 15 in order to give this office adequate time to prepare for its presentation before the Planning Commission. Thank you. ., C yf T. Richard Butera April 28 , 1986 To Whom It May Concern: This letter is to notify the Aspen Planning Office that Perry Harvey is the authorized representative to make the application for the amended P.U.D. on behalf of the owners of the Jerome Hotel. T. R'ah'rd :iera General Partner Hotel Jerome Limited Partnership Date TRB/mt 1450 Crystal Lake Road, Aspen, Colorado 81611 303/925-8900 PITKIN COUNTY TITLE, Inc. Title Insurance Company 601 E. Hopkins Aspen,Colorado 81611 (303)925-1766 CERTIFICATE OF TITLE Pitkin County Title, Inc . , a duly licensed Title Insurance Agent in the State of Colorado hereby certifies that the owner in fee simple of the following described property is hereby vested in: PLEASE REFER TO EXHIBIT "A" ATTACHED HERETO Legal Description of subject property: PLEASE REFER TO EXHIBIT "B" ATTACHED HERETO Subject to the following: PLEASE REFER TO EXHIBIT "C" ATTACHED HERETO Certified this 16th day of April , 1986 PITKIN COUNTY TITLE, INC. 601 E . HOPKINS ASPEN, COLORADO 81611 i BY: AUTH1 D SIGNATURE EXHIBIT "A" TITLE VESTING FEE: MARKETING CORPORATION OF AMERICA, a Connecticut Corporation as to Parcel A THE HOTEL JEROME LIMITED PARTNERSHIP, a Connecticut Limited Partnership as to Parcel B LEASEHOLD: THE HOTEL JEROME LIMITED PARTNERSHIP, a Connecticut Limited Partnership, as to the Leasehold Estate created by that certain Lease by Marketing Corporation of America, a Connecticut Corporation (Landlord) and Jerome Place Limited Partnership, a Connecticut Limited Partnership (Tenant) as evidenced by Memorandum of Lease Agreement, recorded June 7, 1985 in Book 487 at Page 499, said lease providing for a term of 15 years, commencing on June 6, 1985 and ending on June 6, 2000, as to Parcel C. NOTE: The name of Jerome Place Limited Partnership, a Connecticut limited partnership was changed pursuant to Amended Change of Name Application for Registration of a Foreign Limited Partnership to the Colorado Secretary of State to The Hotel Jerome Limited Partnership. EXHIBIT "B" LEGAL DESCRIPTION PARCEL A: LOTS A,B,C,D,E,F,G,H,I,O,P,Q,R,S, and the East 20 feet of Lot N, BLOCK 79, CITY AND TOWNSITE OF ASPEN, together with the East 170 feet of the Alley in said Block 79. EXCEPTING THEREFROM all that real property consisting of the structural improvements and appurtenances, including basements, foundations and fixtures located upon said land. PARCEL B: All that real property consisting of the structural improvements and appurtenances including basements, foundations and fixtures, but not including the land or subsurface located upon the following described property: LOTS A,B,C,D,E,F,G,H,I,O,P,Q,R,S, and the East 20 feet of Lot N, BLOCK 79, CITY AND TOWNSITE OF ASPEN, together with the East 170 feet of the Alley in said Block 79. PARCEL C: A LEASEHOLD ESTATE created by that certain Net Ground Lease by and between Marketing Corporation of America, a Connecticut Corporation, as Landlord, and Jerome Place Limited Partnership, as Tenant, dated June 6, 1985, a memorandum of which was recorded June 7, 1985 in Book 487 at Page 499, in and to the following described real property: LOTS A,B,C,D,E,F,G,H,I,O,P,Q,R,S, and the East 20 feet of Lot N, BLOCK 79, CITY AND TOWNSITE OF ASPEN, together with the East 170 feet of the Alley in said Block 79, but not including Lots A through I. EXCEPTING THEREFROM all that real property consisting of the improvements, including basements and foundations located upon said land. COUNTY OF PITKIN, STATE OF COLORADO. EXHIBIT "C" TITLE EXCEPTIONS I . Taxes due and payable. 2. Reservations and exceptions as contained in the Deed(s) from the City of Aspen providing as follows: that no title shall be hereby acquired to any mine of gold, silver, cinnabar or copper or to any valid mining claim or possession held under existing laws and subject to all the conditions, limitations and restrictions contained in Section 2386 of the Revised Statutes of the United States, in Deed(s) of record. 3. Right of way or easements appertaining to the vacated alley portion of Block 79, City and Townsite of Aspen for the continued use of existing sewer, gas, water or similar pipelines and appurtenances, anf for any and all ditches or canals and appurtenances, and for any and all electric, telephone and similar lines as reserved in Ordinance No. 1 (series of 1951 ) not of record, copy of the signed Ordinance contained in the files of Pitkin County Title, Inc. 4. Terms, conditions and restrictions as contained in Notice of Historic District Designation recorded January 13, 1975 in Book 295 at Page 515 and in instrument recorded April 30, 1982 in Book 425 at Page 904. 5. Terms, conditions, restrictions and provisions as contained in the Planned Unit Development Agreement Hotel Jerome-Renovation and Addition instrument recorded May 10, 1983 in Book 444 at Page 750, and the Map of the Hotel Jerome, Renovation and Addition Final Planned Unit Development Plat recorded in Plat Book 14 at Page 88, and Ordinance No. 5 (series of 1983) rezoning the Hotel Jerome to CC?PUD recorded May 17, 1983 in Book 445 at Page 81 . 6. The effect, if any, of the terms, conditions, provisions, obligations and other matters as contained in Lease by and between Marketing Corporation of America, a Connecticut Corporation (Landlord) , and Jerome Place Limited Partnership, a Connecticut Limited Partnership (Tenant) , said lease evidenced by Memorandum of Lease Agreement, recorded June 7, 1985 in Book 487 at Page 499, said lease providing for a term of 15 years, commencing on June 6, 1985 and ending on June 6, 2000. 7. Deed of Trust from : The Hotel Jerome Limited Partnership and Marketing Corporation of America to the Public Trustee of the County of Pitkin for the use of : The Bank of New York to secure : $6,000,000.00 dated : September 16, 1985 recorded : September 17, 1985 in Book 495 at Page 228 reception No. : 271473 8. Deed of Trust from : Marketing Corporation of America to the Public Trustee of the County of Pitkin for the use of : Jerome Hotel Company, a Michigan limited partnership to secure : $500,000.00 dated : June 6, 1985 recorded : June 7, 1985 in Book 487 at Page 553 reception No. : 268768 ----CONTINUED---- EXHIBIT "C" CONTINUED 9. Deed of Trust from : Marketing Corporation of America, a Connecticut Corporation and Jerome Place Limited Partnership, a Connecticut limited partnership to the Public Trustee of the County of Pitkin for the use of : Jerome Hotel Company to secure : $ 1 , 100,000.00 dated : June 6, 1985 recorded : June 7, 1985 in Book 487 at Page 545 reception No. : 268767 Above Deed of Trust assigned to The Bank of Aspen, by instrument recorded April 4, 1986 in Book 508 at Page 410. NOTE: Items 8 and 9 above Subordinated to the lien of the Deed of Trust in Item 7 by instrument recorded September 17, 1985 in Book 495 at Page 277 . NOTE: This certificate does not include any security instruments securing the personal property contained within the subject property. • Per Berra at 255✓eleck Le. Er ear II:lea ���y) 'erotism e,r.r 1)1075 Peeey t. Cable."weeder s 3/si MN PAU&DIM arr.lb- or»,e r» fo°•eMeefk. • _ •••'•• s Y Abash /3 I ..r..,t.... ...r slaty-elgkt .�. ....011..set 1) .w r 4.ara».sac a r.r..•w.,., POW Nisare F — ...r...,.e.r r.r»,.r,r,........ Soma I. !!lira k., fla T. 10.I1Rt a 4` ,r ritkiep moil\. r »r CgloySSp. t S,, ^ 'f•�: 7 " ,. 2 rats tf Htkta . r,}'. • �j.,.iy r=? :=r.. k�;�b...Fa�j ^L' er.'.�: .7=4::t�J .tom ►. stuawc —.- it:'-. . '�. » 4t't--S7 t 'Y14►1w ° „ ��ttn. S 5 ...... ..._,.-..toot.._ y''[..f7a�.�.ttPr es eel ..Y � pet.tL-lyy ya� r"r" r-r—- = ri,:ert �tap yew ;_ .... toot._ 5ebalsotee r. ▪ �:»..-'--. �. :�: �. �° 7. " 'Lots lettered A, C, Lett A. t. C. D. t, o. 0, Y. I, O. 5, O. 4 S. W the tut 10 fee! „d- saes H bet of Lot of Let P. Sloe" 75. CITE Ma 1laet5lft a ARO, together alt the %'s.;,:' Carty, Cdlededo, t, nested toot 170 feet of the alley in said sloe" Ti. 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" ►� bra I f .. . wr.N,x.ii- ' /���� Y a e • • f A it art • • 5 • • CITY ® F ASPE ► - � 130 south galena street /1 aspen , colorado 81611 APR _ 7 1 303-925-2020 MEMORANDUM DATE: April 4, 1986 TO: Steve Burstein Perry Harvey Andy Hecht FROM: City Attorney RE: Hotel Jerome PUD Agreement Attached for your review and comment is a draft of the First Amended PUD Agreement for the Hotel Jerome . PJT/mc Attachment " nu "' ) $ t j J `r 1 �"f FIRST AMENDED PLANNED UNIT DEVELOPMENT AGREEMENT HOTEL JEROME - RENOVATION AND ADDITION THIS AGREEMENT, made and entered into this day of , 1986, by and between the CITY OF ASPEN, COLORADO, a municipal corporation and home rule city ( here- inafter referred to as "City" ) , and HOTEL JEROME LIMITED PARTNER- SHIP ( hereinafter referred to as "Owner" ) , W I T N E S S E T H : WHEREAS , Owner owns that real property and the building situ- ated thereon , commonly known as the " Hotel Jerome" , more particu- larly described as follows : Lots A, B, C, D, E, F, G, H, I, 0, P, Q, R, S and the East 20 feet of Lot N, Block 79, together with the East .1BQ0 feet of the vacated alley in said Block 79 , City and Townsite of Aspen , County of Pitkin , State of Colorado ; and WHEREAS , the Owner' s predecessor in title , JOHN F. GILMORE , submitted to the City for approval , execution and recording a Final Planned Unit Development (P. U. D. ) Plat pertaining to the development of that project known as the "Hotel Jerome - Renova- tion and Addition" (hereinafter referred to as the "Initial Pro- ject" ) ; and WHEREAS , Owner ' s predecessor in title entered into a Planned Unit Development Agreement with the City for said initial project , entitled "Planned Unit Development Agreement - Hotel Jerome - Renovation and Addition" , dated April 20 , 1983 , recorded in Book 444, Page 750, Pitkin County Clerk and Recorder' s Office ; and WHEREAS , pursuant to an application dated November 29, 1985 , which application and all representations set forth therein are hereby incorporated by reference , Owner submitted to the City an application to revise the initial project into two phases as fol- lows : - Phase I : Renovation of the existing building , commonly known as the Hotel Jerome, pursuant to Building Permit Application (,,sealci∎d/i ,iq''4 ) and Building Permit No . 780g , which renovation was completed and a certificate of occupancy issued therefor on or about , 1986. - Phase II: An addition to the currently existing and reno- vated Hotel Jerome, as defined and described on the plat for the initial project or , at the option of the applicant , an amendment thereto to be presented and approved by the City in accordance with the procedures for amending and/or revising a PUD plan set forth in Section 24-8. 26 of the Municipal Code of the City of Aspen , Colorado ; and WHEREAS , City and Owner desire to amend the agreement pertaining to the initial project dated April 20, 1983, to reflect a phasing into Phases I and II as well as various matters set forth below (hereinafter this agreement will be referred to as " First Amended Agreement" ) . WHEREAS , pending an application for amendment , City and Owner desire to amend the agreement pertaining to the initial project, 2 dated April 20 , 1983 , to reflect a phasing into Phase I and II as hereinabove described as well as various matters set forth below into one comprehensive agreement ( hereinafter this agreement will be referred to as "First Amended Agreement" ) ; and WHEREAS , the City is willing to approve this First Amended Agreement upon the representation of Owner that a plat will he filed on or before June 1 , 1986, meeting the approval of the City Engineer , which plat will accurately reflect presently existing Phase I ; WHEREAS , the City has imposed conditions and requirements in connection with its approval of applicant' s request to phase the project as hereinabove described , and , to the extent not specific- ally superceded by this First Amended Agreement the parties desire to reaffirm the initial agreement as necessary to protect , promote and enhance the public health , safety and welfare ; and WHEREAS , under the authority of Section 20-16 ( c) and Section 24-8. 1 et seg. , of the Municipal Code of the City of Aspen, the City is entitled to assurances that the matters hereinafter set forth and agreed to will be faithfully performed by Owner ; and WHEREAS, Owner is willing to enter into such agreement( s) with and to provide such assurance( s) to the City . NOW, THEREFORE, in consideration of the premises , the mutual covenants herein contained , it is agreed as follows : 1 . AMENDED AGREEMENT AND PHASING. City and Owner agree that to the extent that matters are specifically addressed herein , this agreement shall supercede and amend that Planned Unit Devel- 3 opment Agreement Hotel Jerome - Renovation and Addition, dated April 20 , 1983, recorded in Book 444 at Page 750, Office of the Pitkin County Clerk and Recorder . Further , to the extent not specifically superceded and addressed in this agreement , the par- ties desire to reaffirm all matters set forth in said agreement . (5- V Owner agrees that on or before June .X, 1986, Owner shall submit to City an amended PUD plat reflecting the existing renovation of the Hotel Jerome which plat shall comply with all applicable require- ments , the City of Aspen subdivision and PUD regulations . In addition, it is contemplated that applicant will sub- mit another application pursuant to Section 24-8. 26 ( b) to amend Phase II on or before August 1 , 1986, which application and the approvals therefor shall be subject to all the requirements , terms and conditions of the City of Aspen subdivision and PUD regula- tions in effect and such other laws , rules or regulations as are or may become applicable. In the event that an application to amend the plat to reflect an amendment to Phase II as currently provided for in the initial project for Phase II is not made on or before August 1 , 1986, the plat for the initial project, as amended , to reflect Phase I as hereinbelow provided , shall constitute the development approvals pertaining to the property. 2. SIDEWALKS , CURB AND GUTTER. With regard to the provi- sions for sidewalks , curb and gutter , as set forth in Paragraph " 1 " , of the initial agreement , City acknowledges that owner has constructed a new sidewalk along Main Street frontage and has (or 4 will by June 1 , 1986 ) repair the existing sidewalks on Mill Street and shall maintain said sidewalks along Main Street and Mill Street in accordance with the sidewalk and improvements site plan , dated , annexed hereto and incorporated here- in as Exhibit "A" . Provisions for sidewalks along Monarch and Bleeker Streets (6-foot minimum width) , together with curb and gutter , all as reasonably determined by the City Engineer , shall be installed in accordance with the landscape plan submitted in connection with the original agreement . 3. LANDSCAPING IMPROVEMENTS. The landscaping for Phase I shall substantially conform to the landscape plan appearing on Exhibit "A" annexed hereto. Landscaping shall occur no later than yuiy1S duir t, 1986. The current estimated cost for such landscaping improvements with regard to Phase I as agreed by the City Engineer 4-061111 is calculated to he . A detailed land- scaping plan shall be submitted on or before August 15, 1986, reflecting landscaping improvements , the fair market value of which shall not be less than $50, 000.00 as determined by the City Engineer , which plan shall be fully implemented on or before July 1 , 1987 . 4. EMPLOYEE HOUSING. With reference to Paragraph "6 of the Initial Project" and as a further inducement to the City to approve phasing into two phases as set forth in this First Amended Agreement , Owner has agreed to and does hereby confirm and acknow- ledge its obligation to provide housing for employees of the pro- ject , as required by the Code and regulations of the City of 5 Aspen, or its designee , in connection with the pr• ' ect . With regard to Phase I Owner hereby agrees that Rooms No . 0 .1 d i" in the hotel annex , as such rooms are described on the plat annexed hereto, shall he and hereby are restricted exclusively to use as dormitory employee housing under and in accordance with such City of Aspen employee housing use , occupancy, rental and sales price guidelines as may be in /f effect and applicable from time to time , sufficient to house 4 employees of the project and restricted to a maximum occupancy of one ( 1 ) employee per bedroom. Such rooms shall be used solely by hotel employees , and verification of an employee' s employment qualifications shall be accomplished by the City of Aspen , or its designee, prior to and as a condition of occupancy of any of the above identified rooms. Said rooms shall not be utilized by any person whose use and occupancy thereof is not verified as set forth above. The dedication and covenants contained herein shall be deemed a burden upon and to run with the title to the project and shall be binding upon the Owner and Owner' s successors and assigns and upon all other persons or entities having any right , title or interest in or to the project (or bedrooms) or any part thereof, and shall inure to the benefit of and be specifically enforceable by the City of Aspen or its designee by appropriate legal action, includ- ing injunction , abatement or eviction of non-complying tenancies , all for a period of fifty (50 ) years from the date of recording hereof in the Pitkin County Clerk and Recorder ' s Office. Neither this dedication nor any of the covenants contained herein shall be 6 modified , released or waived in any respect except by written instrument executed by both Owner or its sucessors or assigns and the City of Aspen, Colorado , and duly recorded in the Pitkin County Clerk and Recorder' s Office. Further, Owner represents and warrants that any and all persons , firms or entities having any lien, encumbrance or interest in the Cortina Lodge have consented to the employee housing dedication and restrictions herein , and that this agreement shall not be recorded in the office of the Pitkin County Clerk and Recorder nor shall the approvals granted herein take effect without the written consent of any such per- son. With regard to the requirement for employee housing in connection with Phase II, City acknowledges that such employees may be housed off-site and that , upon the filing in the office of the Pitkin County Clerk and Recorder of proper deed restrictions therefor meeting the approval as to form by the City Attorney, units at the Cortina Lodge, Aspen, Colorado , may be used as a credit for such housing requirements . In this regard , prior to the issuance of a certificate of occupancy for Phase II of the project and as a condition precedent thereto , Owner agrees to and shall provide for use by hotel employees a minimum of fifteen ( 15 ) Rlliif•n it; Pr-11 ,, 404 lti off-site employee bedrooms, deed restricted to City employee hous- ing rental and sale price, qualification and occupancy guidelines in effect at the time such bedrooms are so provided , which bed- rooms shall be in income categories , sizes , configurations ( including facilities and amenities) and locations as may be 7 acceptable to the City ( or its designee , which may be the Aspen/ Pitkin Housing Authority) , by constructing new deed restricted units or by purchasing existing free market units and converting (1 ' ) them to deed restricted "employee housing status" . Further , the Owner shall have the right to substitute other off-site employee bedrooms for some or all of the fifteen ( 15) off-site bedrooms initially provided , so long as ( i) the location , size and config- uration of such substitute bedrooms is acceptable to the City of Aspen or its designee , as reflected by resolution of the City Council , ( ii) the minimum number of acceptable employee bedrooms required by the initial agreement and this agreement remains available at all times , and ( iii) the same deed restrictions are imposed upon the substitute units prior to occupancy of the sub- stitute units . Upon the completion of said substitution as above required , the City shall release the deed restrictions upon those off-site bedrooms which have been replaced with substitute bed- rooms . Further , should the Owner secure more than fifteen ( 15 ) off-site employee bedrooms, Owner' s on-site employee bedroom requirement shall be reduced exactly by the number of off-site units in excess of fifteen ( 15 ) , in accordance with the procedures hereinabove set forth , including approval by resolution of the City Council . Further , should the Owner , at the time of the certifi- cate of occupancy for Phase II of the project , not have provided all of the required fifteen ( 15 ) off-site employee housing bed- rooms , Owner shall , prior to the issuance of the certificate of 8 occupancy for Phase II and as a condition precedent thereto , cove- nant and restrict that number of bedrooms within Phase II of the project necessary to cover any shortfall in the off-site housing requirements , which temporary restricted bedrooms must meet the same City employee housing guidelines as Owner ' s off-site would have been required to meet under the terms hereof , and which tem- porary restricted bedrooms shall thereafter be released from said covenants when Owner does provide the required number of off-site employee bedrooms in the manner above required . The deed restriction and covenant restriction and release forms shall be approved as to form by the City Attorney prior to recordation. \ 5. PARKING. With regard to the parking provisions of Para- graph "7" and specifically with regard to Phase I, Owner hereby + agrees that thirty-one (31 ) on-site parking spaces , designated on finhi) Ehxibit "A" shall be and hereby are designated as parking spaces . ✓1',?w-i With regard to Phase II , it is anticipated that Owner may apply for an on-site parking program to accommodate the parking needs of the project . Thus , as a condition of any approval granted with respect to Phase II, Owner may provide such on-site parking spaces in accordance with a plan specifically approved by City or , if such parking plan is not approved in accordance with the required procedures , as set forth in Paragraph 7 of the initial project with regard to the financing , design, construction, operation and maintenance of a four hundred (400 ) vehicle parking structure . In the event that an on-site parking plan is approved, the parties 9 shall enter into an amended agreement with regard to Phase II , which agreement shall reflect that Paragraph 7 of the initial agreement is no longer operative with regard to the obligations of either Owner or City. 6. RATIFICATION OF REPRESENTATIONS . Owner hereby ratifies and confirms each and every representation made and set forth by Owner in its application dated November 27 , 1985, hereunder and presentations made in connection therewith Planning and Zoning Commission and City Council . Except to the extent specifically superceded , the terms , conditions and obligations set forth in the original agreement dated April 20 , 1983 , shall continue in full force and effect and shall govern the implementation of this agreement . CITY OF ASPEN, COLORADO By William L. Stirling , Mayor ATTEST: Kathryn S. Koch, City Clerk APPROVED AS TO FORM : Paul J. Taddune , City Attorney 10 OWNER: HOTEL JEROME LIMITED PARTNERSHIP, a Connecticut Limited Partnership By Western Properties Invest- ments, Inc. , General Partner By T. Richard Butera, President STATE OF COLORADO ss . County of Pitkin The foregoing instrument was acknowledged before me this day of , 1986, by William L. Stirling as Mayor and Kathryn S. Koch as City Clerk of the City of Aspen, Colorado. WITNESS MY HAND AND OFFICIAL SEAL. My commission expires: Notary Public Address STATE OF COLORADO ss . County of Pitkin The foregoing instrument was acknowledged before me this day of 1986 by T. Richard Butera. WITNESS MY HAND AND OFFICIAL SEAL. My commission expires : Notary Public Address 1E 11 CITY OF • ASPEN 130 south galena street D f' C r, .— aspen , colorado 81611 i 303-925-2020 II FEB 2 4 ubb I MEMORANDUM DATE: February 21 , 1986 TO: City Manager City Engineer Planning Director FROM: City Attorney RE : Hotel Jerome - First Amended PUD Agreement Annexed for your review and comment is a proposed First Amendment to the Planned Unit Development Agreement Hotel Jerome - Renova- tion and Addition dated April 20, 1983. Also attached for the Manager only is a copy of the existing PUD agreement . The attached is a complete revision to the draft presented by Andy Hecht . We have decided that the best practice to avoid confusion in the future is to incorporate all revisions into one comprehen- sive agreement ( i .e . First Amended Planned Unit Development Agree- ment Hotel Jerome - Renovation and Addition) . Please note the following features incorporated into the attached draft : * The agreement reflects a transfer of the project property from John F. Gilmore to Hotel Jerome Limited Partnership, a Con- necticut Limited Partnership ( apparently Western Properties Investments , Inc. , of which Dick Butera is the President , is the general partner . I will verify this with Andy Hecht . ) * The agreement retains, to the extent applicable , the find- ings set forth in the whereas clauses of the original agreement . • * The agreement reflects that the project has been broken down into Phase I ( the currently existing renovated Hotel Jerome) and Phase II ( the application for which is to be submitted at some later date) . Paragraph 2 provides that an application for the amendment to reflect Phase II be submitted no later than a date to be determined ( i .e. blank not filled in) and that the PUD plat will be deemed vacated if Phase II is not approved by said date . IN THIS REGARD, I REQUEST INPUT FROM THE PLANNING OFFICE AS TO WHETHER ANY APPROVALS PREVIOUSLY GIVEN TO THE PROJECT ARE IN JEOPARDY BY VIRTUE OF ALLOTMENT EXPIRATION DATES, ETC. Memorandum Re : Hotel Jerome PUD February 20, 1986 Page Two * To the extent applicable , the language pertaining to the parking structure has been retained. In this regard, I would appreciate the City Manager' s detailed analysis with regard to the parking structure provisions , and whether , in his opinion, they should be refined or modified . * We have attempted to address the current site improvements plan, landscaping considerations, etc. I REQUEST THAT THE ENGI- NEERING DEPARTMENT AND PLANNING OFFICE SCRUTINIZE THESE PROVISIONS WITH RESPECT TO WHAT HAS BEEN APPROVED. * A new provision has been inserted holding the applicant to all representations made throughout the course of the application process ( see Paragraph 17 ) . We would appreciate input from the entire staff as quickly as convenient before the document is presented to Andy Hecht . PJT/mc Attachments 1E cc: Building Department FIRST AMENDED PLANNED UNIT DEVELOPMENT AGREEMENT HOTEL JEROME - RENOVATION AND ADDITION THIS AGREEMENT . made and entered into this day of , 1986 , by and between the CITY OF 1 'C ASPEN , COLORADO , a municipal corporation and home rule city ( here- inafter referred to as "City" ) , and HOTEL JEROME LIMITED PARTNER- SHIP (hereinafter referred to as "Owner " ) , W I T N E S S E T• H : WHEREAS , Owner owns that real property and the building situ- �C�w1 ated thereon, commonly known as the "Hotel Jerome" , more particu- X v`c \° rZ ,rlarly described as follows : J(.1< Lots A, 8, C. D, E, F, G, H, I , 0, P, Q, R, S k ): p 1 e and the East 20 feet of Lot N, Block 79 , P+pn/J�p yl Or ptr}j/h"�, r(CSCr� "66 U together with the East 170 . 78 feet of the 'ci"„�, , ,,,IAi J tr 3 rr4E T; LfC. 6-33O-at vacated alley in said Block 79 , City and Townsite of Aspen , County of Pitkin , State of Colorado ; and WHEREAS , the Owner ' s predecessor in title , JOHN F. GILMORE , submitted to the City for approval , execution and recording a Final Planned Unit Development (P . U .D. ) Plat pertaining to the development of that project known as the "Hotel Jerome - Renova- tion and Addition" (hereinafter referred to as the " Initial Pro- ject" ) ; and WHEREAS , Owner ' s predecessor in title entered into a Planned Unit Development Agreement with the City' for said initial project , entitled "Planned Unit Development Agreement - Hotel Jerome - Renovation and Addition" , dated April 20 , 1983 , recorded in Book 444 , Page 750 , Pitkin County Clerk and Recorder ' s Office ; and \ WHEREAS , pursuant to an application dated November 29 , 1985 , which application and all representations set forth therein are hereby incorporated by reference, Owner submitted to the City an application to revise the initial project into two phases as fol- lows: - Phase I : Renovation of the existing building , commonly / Pp known as the Hotel Jerome , pursuant to Building Permit Application V,` 11- and Building Permit No . _____ _ ___ , which renovation was completed and a certificate of occupancy issued therefor on or about L �i��k��l Otir) \ . 1986 . w9" E 05)4- - Phase IZ : An addition to the currently existing and reno- vated Hotel Jerome , to he presented to the City for approval in accordance with the procedures for amending and/or revising a PUD plan set forth in Section 24-8 . 26 of the Municipal Code of the City of Aspen, Colorado ; and WHEREAS , pending an application for amendment , City and Owner desire to amend the agreement pertaining to the initial project , iy dated April 20 , 1983 , to ei1eo a p�7sing intq (Etas\�iIvn �I� a nX,ol '` hereinabove described i:Y4 cfan}prgkfdns xlgz iV, 1-adZ Pohl /E&1 w' ( hereinafter this agreement will be referred to as "First Amended Agreement" ) ; and WHEREAS , by this First Amended Agreement , the City and Owner desire to gm.a.nd--end—s rpeneetle the-4 ia1—WDty `eemeiit and--to,) reaffirm the following findings: 1 . The subject property is located within an area of the City zoned CC-Commercial Core. 2. In considering the proposed development site and pro- posed improvements , the City has found that the area of the pro- posed PUD is (or was prior to Phase I ) substantially covered by a deteriorated building of historic significance ; that the develop- ment area has ( or prior to the implementation of Phase I had ) a faulty layout in relation to adequacy, accessibility and useful- ness ; the development area contain potentially unsafe condi- \k\S(orh4-4 ) tions : the development are k a site and improvements subject to further deterioration unless the Planned Unit Development is car- ried out ; and that prior to Phase I the development area contained conditions that potentially endangered life and property by fire or other causes . • , / 3 . At the time of the initial project , the condition of the PUD area substantially impaired the sound growth and future poten- tial economic health of the City of Aspen and was a potential menace to the public health . safety and welfare unless the planned development was carried out . 4 . In considering the proposed development site and pro- posed improvements , the City found prior to the initial project and hereby does find the following : That the area of the proposed PUD prior to Phase I had a predominence of buildings and improve- ments that were delapidated , deteriorated and deteriorating , aging and obsolescent ; that the area had conditions that potentially endangered the life or property by fire and other causes and was , on the whole, potentially detrimental to public health , safety and welfare of the City of Aspen unless the planned development was carried out . -l„t. 14, e I :�, NN‘ n e• ,,�( �P�rfR�L.- �, 5 . Phase of the project$eliminatc approximatelyark- ,s ing spaces from the parking lot behind the Hotel Jerome —pazk hg--pa ec a long---B1-ee-ker-an&1 a rr&bteets\ and the development of approximately 75 , 000 square feet of new space the renova- tion in Phase I of commercial space1will generate the need for additional parking and other municipal improvements in the loca- tion and vicinity of the development and elsewhere in the downtown area, especially after Phase II is implemented . 6. The downtown Aspen area is presently in need of parking and other physical improvements and the proposed development of Phase II will add significantly and impermissibly to these needs if the development of Phase II does not support such municipal improvements . 7 . The deve opment of Phase II ( including the development Hp D of a contemplated API-- ehicle municipal parking structure and related necessary public improvements) was and remains necessary to prevent the urban blight , potential slum conditions and associated public health , welfare and safety problems described above ; and • C WHEREAS , the Owner stipulates and agrees to the foregoing findings and acknowledges that the proposed development , related municipal improvements and potential blight and slum conditions :eij are inextricably interrelated ; and WHEREAS , the City is willing to approve this First Amended ` ,J Agreement upon the representation of t Owner that an application \�o. to amend the plat rtently recorded will be presented on or I• before ___ f_---! 1986, to conform the plat 1t_o . \\62Y - -fvvp+ czto`t1Ga" 'Y\ ui accurately reflect presently existing Phase I^and to identify and reflect amendments necessitated by Phase II , /which amendments shall be subject to all the requirements , terms and conditions of the City of Aspen subdivision and PUD regulations now in effect , and - such other laws , rules and regulations as are or may become applicable with respect to Phase II ; and WHEREAS , the City has imposed conditions and requirements in . connection with its approval of applicant' s request to phase the project as hereinabove described , and , to the extent applicable , desires to reaffirm those matters set forth in the initial agree- ment as are necessary to protect , promote and enhance the public health , safety and welfare ; and WHEREAS , under the authority of Section 20-16 ( c) and Section 24-8 . 1 et seg. , of the Municipal Code of the City of Aspen, the City is entitled to assurances that the matters hereinafter set forth and agreed to will be faithfully performed by Owner ; and WHEREAS , Owner is willing to enter into such agreement( s) with and to provide such assurance( s) to the City . NOW, THEREFORE , in consideration of the premises , the mutual covenants herein contained , it is agreed as follows : 1 . AMENDED AGREEMENT AND PHASING. The parties agree that this agreement shall supercede and amend that Planned Unit Devel- opment Agreement Hotel Jerome - Renovation and Addition , dated ‘Y Cam' April 20 , 1983 , recorded in Book 444 at Page 750 , office of the ;•,n„V Y• Pitkin County Clerk and Recorder . Owner agrees that on or before '\ I ..- A, 1986, Owner shall submit to City an .3 V application for an amended PUD to reflect the existing renovation of the Hotel Jerome as Phase I. an_addit' fl--the _ _ 5e I_II pursuant to Section 24-8 . 26 ( b) of the Municipal Code of the City of Aspen, which application and the approvals therefor shall QY ( be subject to all the requirements , terms and conditions of the W\ \ City of Aspen subdivision and PUD regulations in effect and such i.dd Nher laws , rules and regu tis as are or may become applicable . ja"0 n on the event that application is not made within the time provided II 'v � and approved or before • , the plat for the initial pro- as cede _ +0 ,cc fir- 4 e-� oa ►lac-�' 4uf Pzailet ject, sh; •- w-i-t-hd-rawn and—re --the-elev-elopm-ernt . • . in i ng_to__t v /�I _ _those with regard to Phase I as here-inbelow--ptov-i&ed-: CJ � , enc.- �r Sidewalks/. curb and gutter . Owner has constructed a new sidewalk along the Main Street frontage and has ( or will by 7Sp,.t 1986 ) , repair the existing sidewalks on Mill Street, and shall maintain said sidewalks along Main Street and Mill Street in accordance with the sidewalk and improvements site plan , dated , annexed hereto and incorporated herein a ass E�Chibit "A" .cAP Landscaping improvements. In accordance with Section 24-8 . 16 of the Municipal Code , required landscaping for Phase I ('J' ,, shall substantially conform to the landscape plan appearing on G , Exhibit "A" annexed hereto . Landscaping shall occur no later than I , Jung I , IRg6 . The current estimated cost for such landscaping improvements with regard to Phase I is agreed by the City Engineer to be ( "M lhf.,+' ; i ihnl 1 t� ii•r .w,c.:t4 l,.4, i, w.v1.7,---,f at-'' p*b mlvt,(dl� t� p-' d it r n ;} rkilit vo mi IT " t tn. 9 L ; -ti -c, Ety C ° - o¼ovt. OZ -re. _ ' \\)S _AM qr-obv` tug,, - -1/4 1= c ,) -t T Zip a(� vo � � Est - - \ �L v � � .,• 5 r. `tGwtqq� 11 ^^ I i" -' b C _A . J k5--- ' Lj S'✓ 66,, ,'Lis V\ vici. r■DO. 10A5›,, ✓vJ1)s ,Nolt,✓ \,-,'s 0 0--Li2_, LI 'i regardless of the stage of completion of landscape improvements described in Paragraph kabove. Owner also agrees to deliver to the City , upon demand therefor by the City Engineer , a maintenance bond or other suit- able guarantee for the repair or replacement of any existing muni- cipal improvements damaged during construction of new improve- ments . Furthermore , Owner hereby agrees to and does hereby war- ranty all such improvements to accepted standards of good workman- ship for a period of one ( 1 ) year after the acceptance thereof in writing by the City . In addition to this warranty , the Owner shall obtain from his contractors customary warranties of good workmanship with the City as beneficiary, with respect to all improvements required by Paragraphs 2 k `% y ,6,lr It is the express understanding of the parties that the II procedures set forth in Paragraph O of this agreement regarding non-compliance shall not be required with respect to the enforce- -, *1is r ment and implementation of the financial assurances set forth If{L/ ?`a w��,Al.-A , and required by Section 20-16 ( c) of the Municipal Code . St ( ' y 01 \ ( •T - n th event Phase II is of be constructed , the `�ner -e ee- th.t it wi 1 ex n l st 50, ) 00 o Aejur s f` •in. an Tefi. Employee housing. As an inducement to the City to approve phasing into two phases as set forth in this First Amended Agreement , Owner has agreed to and does hereby acknowledge its obligation to provide housing for employees of the project , as r ;x.'r�j„. ^. required by the Code and regulations of the City of Aspen , or its ;c 0,2 - designee , in connection with the project . With regard to Phase I ntf'?:..r,, '�� Owner hereby agrees that bedrooms numbered in "" "'" , the hotel annex , as such bedrooms are described on the plat annexed hereto , shall be and hereby are restricted exclusively to // A I,ro use as //low income employee housing under and in accordance with G`' , .�i,v, ti i such City of Aspen low income employee housing use , ti,' ccupancy, ri7' ' ' rental and sales price guidelines as may be in effect and applic-[ _ e . 1-1' Pr 's 'f fGP AY I n or up ∎\ ‘ • able from time to time. Said bedrooms shall be and hereby are restricted to a maximum occupancy of 1 employee per bed- room, with first priority to be given at all times to em loyees of the Hotel Jerome in operation from time to time on the lands encompassed by the above-referenced PUD. Verification of an employee' s income and employment qualifications shall be accom- plished by the City of Aspen , or its designee , prior to and as a condition of each employee' s occupancy of one of the above identi- fied bedrooms . The dedication and covenants contained herein shall be deemed a burden upon and to run with the title to above- identified bedrooms shall be binding upon the Owner and its suc- cessors and assigns and upon all other persons or entities having any right , title or interest in or to the building (or bedrooms) or any part thereof , and shall inure to the benefit of and be specifically enforceable by the City of Aspen or its designee by appropriate legal action , including injunction , abatement or ic- T C-1 cry tion of non-complying tenancies , all for a period of 44A ) years from the date of recording hereof in the Pitkin County Clerk and Recorder ' s Office . Neither this dedication nor any of the covenants contained herein shall be modified, released or waived in any respect except by written instrument executed by both the Owner or its successors or assigns and the City of Aspen, Colo- rado , and duly recorded in the Pitkin County Clerk and Recorder ' s Office. With regard to the requirement for employee housing in connection with Phase II, City acknowledges that such employees tle g iq (it l v'. ' QCµLL ' -I O P,kis-\n. 6-i ..LL ELA .rut,`L) may be housed off-site and that , uponnproper deed restrictions therefor meeting the approval as to form by the City Attorney, units at the Cortina Lodge , Aspen , Colorado , may be used as a credit for such housin. requirements . NOTE -fuse of the employee units solely by hotel emplo ees - Each of the b 'drooms are at le st 180 square eet in size and shall be used lely by hotel em oyees , and s all deliver o the City an 4 - Y, appropriate writtem coven t cover ng such bedrooms in a form N approved' by th- City t me 26: - eatable for record ' -- . 'Q� ��� .,Q � i j Parking. With regard to Phase I , Owner hereb agrees `�Ir 611141* Si' VN`ti �` v that the�on-site parking spaces , designated on th a I \e� shall be and hereb,yoare designated as parking spaces . �yy�I � i7 is 447.-afxep -ch-vi 'ZU., -Aeny Tt tW ab'T£ fZ t w - *tt k With regard to Phase II,JOwner acknowledges that as a condition of approvals previously granted in connection with the initial project is the requirement that the Owner provide sixty ( 60 ) off-site parking spaces . Thus , as a condition of any approval granted with respect to P ase II, Owner acknowledges that •) Lrir)V 6`,l ,. ' 0r ' ���rM...1 the City may require that sixty ( 60 ) -sit parking spacesAbe ye gyp, ^^ t /, ' W• �equired •in •nnection with Phase II in the manner hereinafter , �.'� //. . rc•l%A,ds ,described . If required as a condition of approval to Phase II , P„-, ., Owner agrees to participate with the City in the financing , design, construction , operation and maintenance ( including neces- p0. P Do\ 'q) sary capital expenditures) of a four hundred-vehicle parking �!A n5i P�5. . structure on the Rio Grande Property , to the extent of sixty ( 60 ) spaces for hotel guests and employees . At such time as the City undertakes the construction of this structure , Owner agrees to participate proportionately ( based on the need for sixty (60 ) - spaces) in the financing , design, construction , operation and maintenance ( including necessary capital expenditures) of the parking garage aspect thereof , such financial participation to be in the form described below: A. Owner ' s proportionate share of the cost of con- structing the parking structure shall be determined by multiplying a fraction, the numerator of which is sixty ( 60 ) and the denomina- tor of which is the total number of parking spaces to be con- structed , times the portion of the total construction cost ( including financing costs which may include capitalized interest on bonds , reserve funds and bond issuance costs , design , pre-con- struction and construction costs) , which is directly related to the parking garage aspect of such structure . Owner shall , and as a condition to the approval of Phase II, agree-t finance and pay I C' Af, r� F iS+q`,'i3�g go, r for such share of the construction cost and to evidence and secure such obligation in the following manner : 1 . No later than sixty ( 60 ) days following the issuance of a building permit for the construction of Phase II , Owner shall deliver to the City in the form of cash or certified funds the sum of One Hundred Thousand Dollars ($ 100, 000. 00 ) as a downpayment on such share. If no building permit for a parking garage has been issued prior to the date of this downpayment , the City shall promptly escrow such funds in an interest bearing account with all interest earned thereon to accrue to the credit of Owner and be applied to " the balance of Owner ' s share" in cal- culating the original principal amount of the below-described ; promissory note until the dtae of issuance of a building permit for the parking structure , on which date this escrow shall be terminated and all funds remaining therein shall be delivered to the City . Futher , in consideration of Owner ' s agreement to participate ( and Owner' s actual participation) in the cost of the financing , design , construction , operation and maintenance ( including necessary capital expenditures) of a municipal parking structure , City agrees that if a certificate of occupancy is issued for Phase II before a certificate of occupancy is issued for the parking structure , the City shall provide interim parking in the following manner : ( a) City shall , in the interim , if any, between the occupancy of Phase II and the occupancy of the parking garage provide for Owner ' s use and operation fifteen ( 15 ) desig- nated parking spaces at the existing Rio Grande lot and forty- five ( 45 ) unassigned spaces at the existing golf course lot . The right --� to any such spaces shall expire upon the issuance of a certificat of occupancy for the above-referenced parking garage. The right to any spaces in the Rio Grande lot after the issuance of a build- ing permit for the parking garage shall be subject to availabil- ity, which may be limited by the construction of the parking 9 garage, and City shall make up at the golf course lot any such spaces which are lost from the Rio Grande lot . During such interim period , Owner shall he responsible for maintaining ade- quate liability insurance covering all such spaces and for the 4 su operation of all ch spaces and for the storage and retrieval of th&(n `ter bu golf course lot vehicles and/or passengers and hotel guests I and for the supervision of hotel vehicles in the Rio Grande lot by whatever administrative means (e .g . shuttle buses, etc . ) Owner deems appropriate . City shall , however , be responsible for keep- ing the necessary portions of both lots clear of snow. Owner shall and hereby does indemnify City from and against any and all claims or liabilities for personal injury or property damage arising out of Owner ' s use of such parking spaces except those claims caused by City' s negligence or intentional acts . ( b) The rental market value of the sixty ( 60 ) 17 -,spaces is stipulated to be Two Thouand Eight Hundred Twelve Dol- lars and 50/100 ($2 , 812 . 50 ) per month ( such value based on present monthly cost for parking space rental within the City of Aspen at Seventy-five Dollars ( $75 . 00 ) for downtown spaces and Thirty-Seven Dollars and 50/100 ( $37 . 50 ) for non-downtown spaces) . ( c) During any period prior to the issuance of a building permit for the parking structure that the Owner is using the City-provided parking spaces , the City shall draw from the escrow account the amount of Two Thousand Eight Hundred Twelve Dollars and 50/100 ($2 , 812. 50 ) per month in compensation for the allowed use of the sixty ( 60 ) spaces . ( d) From and after the date of issuance of a building permit for the parking structure ( and if such permit is issued within two years of the issuance of a certificate of occu- pancy for Phase II ) the delivery to the City of the escrowed downpayment funds and promissory note shall be deemed compensation in full for any further use by owner of the sixty ( 60 ) interim parking spaces , and all amounts previously withdrawn from the escrow shall be credited back to Owner in determining the "balance '0 of Owner' s share" for purposes of calculating the principal amount � Jl of the promissory note described in Paragraphs iY- below. 2. The "balance of Owner ' s share" shall be repre- .4\ sented by Owner' s promissory note to the City as holder which note shall be dated , executed and deposited into escrow with the City \-r as of the date of execution of this agreement by all parties here- to. The note shall be delivered out of escrow to the City and become a debt ( i .e . " its effective date" shall be) on the date of the issuance of a building permit for the construction of the parking garage or sixty (60 ) days following the date of issuance of a building permit for Phase II , whichever date occurs later . The note shall be in a form identical to that attached hereto as ■ Exhibit "C" and bearing simple interest ( which interest rate may be variable) at the same interest rate( s) as the City' s ( or other issuing authority' s) bond issue rate( s) under Paragraph Co' hereof and reciting an eighteen percent ( 18% ) default interest rate and payable in consecutive monthly installments of principal and interest in such amounts as are necessary to cover principal of , redemption premiums , if any, and interest on the City' s ( or other issuing authority' s) bond( s) ( including refunding bond( s) , if any) , and other obligations of the issuer pursuant to the bond ordinance , resolution or indenture and over the same period of time as the City' s ( or other issuing authority' s) bond ( s) ( includ- ing refunding bond( s) under Paragraph ? hereof , commencing on the first day of the calendar month following the month in which the Note is delivered with all remaining principal and accrued interest being due and payable with the final monthly payment . To the extent permitted by the bond issuing authority and subject to such limitations and requirements as may be imposed by such auth- ority at the time of the issuance of the bond( s) , said Note shall be prepayable in any amount at any time and from time to time without penalty or notice and shall be assignable by City to any bond issuing authority. '. 3. As security for said note , Owner hereby cove- nants and agrees that from and after the date of delivery to the City of said Note , and continuing for so long as any portion of said Note remains unpaid , Owner shall collect as part of the daily room rental for all rental rooms at the hotel project ( i .e . Phase I and Phase II ) not deed restricted to employee housing a " trans- portation charge" in the minimum amount of Five Dollars ( $5 . 00 ) per day on every room rental , and shall maintain a separate and accurate accounting of the revenues generated thereby. Owner shall and hereby assigns and pledges to City such transportation charge revenues as collateral for Owner ' s performance of its pro- missory note obligations and agrees to remit to the City each month the portion of such transportation charge revenues necessary to retire that month' s Note installment obligation . So long as any portion of said Note remains unpaid , Owner shall maintain a "transportation revenues reserve account" in a responsible banking institution containing sufficient funds to pay one ( 1 ) monthly Note installment obligation in advance , but shall otherwise be free to utilize such other transportation 'charge revenues for its own purposes unless and until such time as City finds it necessary to exercise its collateral pledge rights in the event of Owner ' s default in the performance of its promissory note obligations . In the event Owner shall ever be late in paying a monthly Note installment obligation to the City, City shall have the right to demand that Owner increase the amount held in such reserve account to cover three (3 ) monthly Note installment obligations in advance . Owner agrees to comply with such demand and thereafter to maintain the reserve account at the three (3 ) month level . City shall have the right to examine all records necessary to audit the transportation charge accounting and the related reserve account at any reasonable time or times . The foregoing pledge shall be assignable by City to any bond issuing authority . 4. Owner further agrees that the subject promis- sory note shall contain a provision to the effect that in the /` event that controlling interest in the project ( i .e . Phase I and Phase II ) is transferred from Owner to a third person or persons (by sale , foreclosure , operation of law, or otherwise) , while said Note remains unpaid , the City shall have the right (but not the obligation) to declare the entire remaining balance of said Note .__J 9,mmediately4'due and payable as of the effective date of such transfer . 5. Should the City fail to obtain a building per- mit for the construction of a parking structure within two (2 ) years of the issuance of a certificate of occupancy for Phase II , Owner shall have the right and option to implement an alternative plan for the provision of the required sixty ( 60 ) parking spaces or to demand that the City negotiate , in good faith , a long-term lease ( no less than fifteen ( 15 ) years) for the sixty ( 60 ) parking spaces on the Rio Grande and golf course parking lots . In this w p event , any balance in the funds escrowed pursuant to 5Ki_e.O t ( being principal plus accrued interest minus monthly rental pay- ments made) shall be credited to Owner in any new lease arrange- ment or refunded to it if an alternative parking plan is adopted and , in either case , the escrowed promissory note shall be rede- livered to and cancelled by Owner. B. In addition , Owner shall be responsible for its propor- tionate share of the annual cost , expense and necessary capital expenditures of operating , maintaining and repairing the parking garage aspect of the parking garage sV cture following its comple- tion . Owner hereby further assigns and pledges unto City the " transportation charge" revenues allocated from time to time by Owner pursuant to Paragraph S A_I4t3 _ above as collateral for Owner' s performance of its obligation to pay . A proportionate share of such annual operational , maintenance and repair costs , expenses and necessary capital expenditures . The foregoing pledge shall be assignable by the City to any garage operating authority . iq C. In consideration of the above-described financial participation and subsequent operational cost-sharing, Owner shall be entitled to the perpetual use and enjoyment of a defined block of sixty ( 60 ) parking spaces in the structure, free of parking fees . Should the City deem it appropriate to condominiumize the parking spaces in the parking structure, City shall deed to Owner its sixty (60 ) spaces together with its proportionate undivided interest in appurtenant general common elements . 6. Tax increment financing and/or industrial development bond financing. Owner shall and hereby consents to City' s ( or other governmental or quasi-governmental entity or non-profit cor- poration) issuance , if possible , of a tax increment bond( s) , or other type of bond , in at least the amount of the balance of Owner' s share of the parking structure construction cost ( includ- ing design, pre-construction and construction costs and financing costs such as capitalized interest costs , if any, reserve funds and bond issuance costs) , the proceeds of which bond ( s) may be applied by the City to the construction of the subject parking structure and for any other lawful improvement project . Such bond( s) shall bear simple interest at a rate( s) to be determined by the issuer shall be retirable over a period of not more than twenty-five (25 ) years (or other lawful term) , and shall be secured by a pledge by the City ( or other issuing authority) of the increase in real property taxes and/or sales tax assessed to the capital Hotel Jerome property which will occur as a normal consequence of the renovation (Phase I ) and expansion ( i .e. Phase II ) contemplated by this Agreement ( or by other lawful security available to the City or other issuing authority) . However , the bonding itself will cause no additional taxes or other charges to be imposed upon Owner other than the above-referenced " balance of Owner ' s share" , and the consent of Owner provided for herein shall not be interpretted as a consent to any form of special assessment district that would result in an increase in the real property taxes being levied upon the hotel property. is City will , of course , be reimbursed on a continuing basis for its bond retirement obligations relating to the project' s share of the parking structure by the monthly installment payments being made by Owner under the above-described promissory note . Owner further agrees that if Owner has , in fact , decided to proceed with the development of Phase II , Owner ( shase its best efforts to cooperate with the City ( or other governmental or quasi-governmental entity) in the issuance and sale of any indus- trial development bonds in connection with the financing of the parking structure , so long as Owner' s participation , if necessary , and any such industrial development bonding effort complies with all applicable laws and restrictions . 7 . Planter encroachments . Owner agrees to obtain such approvals and/or licenses as may be necessary with respect to planters which encroach into public sidewalks , prior to the issu- ance of a building permit for such planters . 8 . Periodic project reviews . Owner agrees that every six (6 ) months following the date of final City approval of Phase II • until the construction thereof is complete , Owner will meet with the City Planning Office for the purpose of informing the Planning Office as to Owner ' s progress in developing Phase II pursuant to the terms and provisions of approval and the appropriate amendment to this agreement . If the Planning Office deems it necessary, the Planning Office will report to the City Planning and Zoning Com- mission on the outcome of one or more of these meetings . The Owner and City recognize that these meetings are not opportunities for the Owner to avoid complying with the requirements of this agreement but are for the purpose of providing progress reports and developing mutually acceptable solutions to any problems that may be encountered during the construction period . 9 . Permanent care and maintenance of landscaping. Owner agrees that it shall be the perpetual responsibility of Owner or Owners from time to time of the above-referenced Hotel Jerome pro- perty to maintain , care for , and replace when necessary all trees , shrubs , plants , and other landscaping features which may be planted in connection with or otherwise incorporated pursuant to the landscape plan appearing on Exhibit hereto , or other- wise submitted as part of an approved final plat . 10. Owner shall occupy the project open space ( i .e. the exterior patio and pool areas shown on the landscape plan for such uses as may from time to time be deemed appropriate by Owner , pro- vided that such occupancy and uses shall at all times be in com- pliance with the then applicable provisions of the Municipal Code of the City of Aspen . Owner agrees that it shall be the perpetual responsibility of the Owner or Owners from time to time of the above-referenced Hotel Jerome property to maintain in a clean and attractive condition and in a good state of repair all such open space contained within the project . 11 . Compliance and request for amendments or extensions by Owner. In the event that the City Council determines that the Owner is not acting in substantial compliance with the terms of this agreement , the City Council may issue and serve upon the Owner a written order specifying the alleged non-compliance and requiring the Owner to cease and desist from such non-compliance and rectify the same within such reasonable as the City Council may determine. Within twenty (20 ) days of the receipt of such order , the Owner may file with the City Council either a notice advising the City Council that it is in compliance or a written petition requesting a hearing to determine any one or both of the /) following matters: ( a) Whether the alleged non-compliance exists or did exist , or ( b) Whether a variance , extension of time or amendment to this First Amended Agreement should be granted with respet to any such non-compliance which is determined to exist . Upon the receipt of such petition , the City Council shall promptly schedule a hearing to consider the matter set forth in the cease and desist order and in the petition . The hearing shall be convened and conducted pursuant to the procedures nor- mally established by the City Council for other hearings . If the City Council determines by a preponderance of the evidence that a --j: on-compliance exists which has not been remedied , it ttiy issue such orders as may be appropriated ; provided , however , no order terminating any approval granted herein shall be granted without a finding of the City Council that substantial evidence warrants such action in affording the Owner a reasonable time to remedy such non-compliance. A final determination of non-compliance which has not been remedied or for which no variance has been granted shall , at the option of the City Council , and upon written notice to the Owner , terminate any of the approvals contained herein . 12. Notice. Notice to be given to the parties to this agreement shall he deemed given is personally delivered or if deposited in the United States Mail to the parties by registered or certified mail at the addresses indicated below, or at such other addresses as may be substituted upon written notice by the parties or their successors or assigns : City of Aspen : Owner : City Manager Hotel Jerome Limited 130 South Galena Street Partnership Aspen, Colorado 81611 Aspen 1Real uEstate Associates Copy to: 520 East Durant, Suite 204 Garfield & Hecht Aspen , Colorado 81611 601 East Hyman Avenue Aspen, Colorado 81611 13 . Applicable law. This agreement shall be subject to and construed in accordance with the laws of the State of Colorado and the Municipal Code of the City of Aspen . 14 . Severability. If any of the provisions of this agree- ment or any paragraph , sentence , clause , phrase , word or section or the application thereof in any circumstances is invalidated , such invalidity shall not affect the validity of the remainder of this First Amended Agreement and the validity of any such provi- sion , paragraph , sentence , clause , phrase , word or section under any other circumstances shall not be affected thereby . 15. Incorporation of recitals . The City and Owner hereby stipulate and agree that the recitals preceding this First Amended Agreement are part of this agreement and are to be deemed incor- porated herein as though fully set forth. 16. Entire agreement; amendment . This First Amended Agree- ment and all exhibits attached hereto and/or documents , reports and applications incorporated by reference , contains the entire understanding and agreement between the parties herein with respect to the transactions contemplated hereunder and may be altered and amended from time to time only by written instrument executed by each of the parties hereto . 17. Representations. Look up in AML POD Agreement . CITY OF ASPEN , COLORADO i By William L. Stirling , Mayor ATTEST: I _ Kathryn S. Koch , City Clerk APPROVED AS TO FORM : • Paul J . Taddune , City Attorney -. � -c- l 1 Ei L'E-4tl1t'a r ', { tug 1L C l c-C.t (x'•1,1 'r t� CLl`� /7 3J OWNER: HOTEL JEROME LIMITED PARTNERSHIP, a Connecticut Limited Partnership By Western Properties Invest- ments, Inc. , General Partner By T. Richard Butera, President STATE OF COLORADO ss . County of Pitkin The foregoing instrument was acknowledged before me this day of _ , 1986, by William L. Stirling as Mayor and Kathryn S. Koch as City Clerk of the City of Aspen, Colorado . WITNESS MY HAND AND OFFICIAL SEAL. My commission expires : Notary Public Address STATE OF COLORADO ss . County of Pitkin The foregoing instrument was acknowledged before me this day of , 1986 by T. Richard Butera. WITNESS MY HAND AND OFFICIAL SEAL. My commission expires : _ Notary Public Address NOTE - we should see the limited partnership documents so that we can verify that Butera has authority to sign . 5C, 1E • Owner anticipates the construction of Phase II will commence no later than and be completed no later than A al swum Financial Assurances . In order to secure the perfor- mance of the construction and installation of the improvements ,�2 described in Paragraph*_ andj above , and to guarantee one hundred El',� percent ( 100%) of the current estimated cost of such improvements , , , .s )1' � . 1 • I nD■ o 0 lid . .ie.r ,.k;. .,row W agreed by the City Engineer to be , Owner shall guaran- tee , by site draft o(letter of commitment or credit from a finan- cially responsible lender ( either or both to be irrevocable until the construction is completed) , that funds in the amount of such estimated costs are held by it for the account of Owner for the construction and installation of the above-described improvements . Said guarantee shall be delivered to the City prior to the issu- ance to Owner of a building permit for the project , shall be in a form acceptable to the City Attorney and the City Manager , and shall give the City the unconditional right , upon default by the Owner , to withdraw funds upon demand , to partially or fully com- plete and/or pay for any of such improvements or pay any outstand- ing bills for work done thereon by any party, with any excess guarantee funds applicable to additional administrative or legal A'costs associated wit any such default and the repair of any deterioration in improvements already constructed . As portions of the required improvements are completed , the City Engineer shall inspect them, and upon approval and written acceptance, lie shall authorize the release from the guarantee delivered by Owner of the agreed estimated cost for the portion of the improvements except that ten percent ( 10 % ) of the estimated cost shall be withheld are ' until all proposed improvements /rap completed and approved by the City Engineer, Provided , that the withheld ten percent ( 10% ) which relates to the improvements described in Paragraphs 1 and 2 above shall be released by City upon completion and approval by the City Engineer of all such Paragraph 1 and 2 improvements and J- Owner anticipates the construction of Phase II will commence no later than and be completed no later than Ia1 , s ik Financial Assurances . In order to secure the perfor- mance of the construction and installation of the improvements ;' described in Paragraphefjandi above , and to guarantee one hundred ej' percent ( 100%) of the current estimated cost of such improvements 11, d 1. 1rr agreed by the City Engineer to be , Owner shall guaran- tee , by site draft 4/letter of commitment or credit from a finan- cially responsible lender ( either or both to be irrevocable until the construction is completed) , that funds in the amount of such estimated costs are held by it for the account of Owner for the construction and installation of the above-described improvements . Said guarantee shall be delivered to the City prior to the issu- ance to Owner of a building permit for the project , shall be in a form acceptable to the City Attorney and the City Manager , and shall give the City the unconditional right , upon default by the Owner , to withdraw funds upon demand , to partially or fully com- plete and/or pay for any of such improvements or pay any outstand- ing bills for work done thereon by any party , with any excess guarantee funds applicable to additional administrative or legal costs associated wi+J any such default and the repair of any deterioration in improvements already constructed . As portions of the required improvements are completed , the City Engineer shall inspect them, and upon approval and written acceptance , 1 e shall authorize the release from the guarantee delivered by Owner of the agreed estimated cost for the portion of the improvements except that ten percent ( 10 % ) of the estimated cost shall be withheld arm until all proposed improvements rap completed and approved by the City Engineer, Provided , that the withheld ten percent ( 10 % ) which relates to the improvements described in Paragraphs 1 and 2 above shall be released by City upon completion and approval by the City Engineer of all such Paragraph 1 and 2 improvements and J- regardless of the stage of completion of landscape improvements described in Paragraph )above . Owner also agrees to deliver to the City, upon demand therefor by the City Engineer , a maintenance bond or other suit- able guarantee for the repair or replacement of any existing muni- cipal improvements damaged during construction of new improve- ments . Furthermore , Owner hereby agrees to and does hereby war- ranty all such improvements to accepted standards of good workman- ship for a period of one ( 1 ) year after the acceptance thereof in writing by the City . In addition to this warranty , the Owner shall obtain from his contractors customary warranties of good workmanship with the City as beneficiary, with respect to all improvements required by Paragraphs ' ' 7— 4 %Vee It is the express understanding of the parties that the I ;I procedures set forth in Paragraph "�� of this agreement regarding non-compliance shall not be required with respect to the enforce- ,�,��, ment and implementation of the financial assurances set Earth \` ate herein and required by Section 20-16 ( c) of the Municipal Code . S`w ,: 'ft .; '_ ( IT — ' n the event Phase II is of t,o be constructed , the �ner -e ee- th=t it wi ex .�.nd t� $�50 ,b0�. 00 o thdpurr se Y�f' - : . .in. um. ' r S 04`; Employee housing. As an inducement to the City to approve phasing into two phases as set forth in this First Amended Agreement , Owner has agreed to and does hereby acknowledge its obligation to provide housing for employees of the project , as !a, :v°`tr'J ~- required by the Code and regulations of the City of Aspen , or its designee , in connection with the project . With regard to Phase I (:; � {�o,c� Owner hereby agrees that bedrooms numbered , in h{� +"° " ,nxi the hotel annex , as such bedrooms are described on the plat n9r mq " annexed hereto , shall be and hereby are restricted exclusively to /� ,\ �"$ ° use as low income employee housing under and in accordance with F, �,1� "tt Al. such City of Aspen low income employee housing use , occupancy,, r,✓ ` 7Tt.„.. M AA, J Y rental and sales price guidelines as may be in effect and applic-7 1_____, " / � ,. ;, N /4/; yvpy In. able from time to time. Said bedrooms shall be and hereby are restricted to a maximum occupancy of , employee per bed- room , with first priority to be given at all times to em loyees of the Hotel Jerome in operation from time to time on the lands encompassed by the above-referenced PUD. Verification of an employee' s income and employment qualifications shall be accom- plished by the City of Aspen , or its designee , prior to and as a condition of each employee' s occupancy of one of the above identi- fied bedrooms . The dedication and covenants contained herein shall be deemed a burden upon and to run with the title to above- identified bedrooms shall be binding upon the Owner and its suc- cessors and assigns and upon all other persons or entities having any right , title or interest in or to the building ( or bedrooms) or any part thereof , and shall inure to the benefit of and be specifically enforceable by the City of Aspen or its designee by appropriate legal action, including injunction , abatement o ecic- tion of non-complying tenancies , all for a period of 4 -5 ) years from the date of recording hereof in the Pitkin County Clerk and Recorder ' s Office . Neither this dedication nor any of the covenants contained herein shall be modified, released or waived in any respect except by written instrument executed by both the Owner or its successors or assigns and the City of Aspen, Colo- rado, and duly recorded in the Pitkin County Clerk and Recorder ' s Office . With regard to the requirement for employee housing in connection with Phase II, City acknowledges that such employees -}{r rilic rii -1 :' -661 .e t17 P,1-4i, G,ts-G1zL.cc( )utLb may be housed off-site and that , upon r^proper deed restrictions therefor meeting the approval as to form by the City Attorney , units at the Cortina Lodge , Aspen , Colorado , may be used as a credit for such housin• requirements . NOTE -1 use of the employee units solely by)hotel emplo ees - Each c\ of the bedrooms are at least 180 square Feet in size/ and shall be usedlely by hotel em oyees , and s all deliver o the City an -\\\ appropriate writte -oven t cover ng such bedrooms in a form approve• by th- City t me -.•. . eatable for record ' '^ \, parking 9 regard to Phase I , Owner hereby agrees 9 Parking . With re N.> ` V that theAon-site parkin spaces aces , designated on th a ed n 4C 41 shall be and hereb,yoare designated as parking spaces . 0- s 4)ratiliti Tj'i%T C ti✓ L� �` � T'2_ /,oil 0-6. Y'-A c4ttU9— pai, 1 e_t_:-Ally' With regard to Phase II,/\Owner acknowledges that as a condition of approvals previously granted in connection with the initial project is the requirement that the Owner provide sixty ( 60 ) off-site parking spaces . Thus , as a condition of any approval granted with respect to Phase II, Owner acknowledges that � n� lf�N L ' a ,'. i.6„:„<l the City may require that sixty ( 60 ) -sft parking spaces+ be .( y sectr-rr-ed- in connection with Phase II in the manner hereinafter / cretv,' 'idescribed . If required as a condition of approval to Phase II , Pu, , ., r Owner agrees to participate with the City in the financing , design, construction , operation and maintenance ( including neces- 64 3 o� sary capital expenditures) of a four hundred-vehicle parking VIA; 3nr D(� .q• {p' Dn"51 P3 structure on the Rio Grande Property , to the extent of sixty ( 60 ) spaces for hotel guests and employees . At such time as the City undertakes the construction of this structure , Owner agrees to participate proportionately ( based on the need for sixty (60 ) - spaces) in the financing , design , construction , operation and maintenance ( including necessary capital expenditures) of the parking garage aspect thereof , such financial participation to be in the form described below : A. Owner ' s proportionate share of the cost of con- structing the parking structure shall be determined by multiplying a fraction, the numerator of which is sixty ( 60 ) and the denomina- tor of which is the total number of parking spaces to be con- structed , times the portion of the total construction cost ( including financing costs which may include capitalized interest on bonds , reserve funds and bond issuance costs , design , pre-con- struction and construction costs) , which is directly related to the parking garage aspect of such structure . Owner shall , and as VT; a condition to the approval of Phase II , agree=I to finance and pay for such share of the construction cost and to evidence and secure such obligation in the following manner : 1 . No later than sixty ( 60 ) days following the issuance of a building permit for the construction of Phase II , Owner shall deliver to the City in the form of cash or certified funds the sum of One Hundred Thousand Dollars ($ 100 , 000 . 00 ) as a downpayment on such share . If no building permit for a parking garage has been issued prior to the date of this downpayment , the City shall promptly escrow such funds in an interest bearing account with all interest earned thereon to accrue to the credit of Owner and be applied to " the balance of Owner ' s share" in cal- culating the original principal amount of the below-described . promissory note until the d'tae of issuance of a building permit for the parking structure , on which date this escrow shall be terminated and all funds remaining therein shall be delivered to the City . Futher , in consideration of Owner ' s agreement to participate ( and Owner' s actual participation) in the cost of the financing , design , construction , operation and maintenance ( including necessary capital expenditures) of a municipal parking structure , City agrees that if a certificate of occupancy is issued for Phase II before a certificate of occupancy is issued for the parking structure , the City shall provide interim parking in the following manner : ( a) City shall , in the interim, if any, between the occupancy of Phase II and the occupancy of the parking garage provide for Owner ' s use and operation fifteen ( 15 ) desig- nated parking spaces at the existing Rio Grande lot and forty- five ( 45 ) unassigned spaces at the existing golf course lot . The right to any such spaces shall expire upon the issuance of a certificat of occupancy for the above-referenced parking garage . The right to any spaces in the Rio Grande lot after the issuance of a build- ing permit for the parking garage shall be subject to availabil- ity , which may be limited by the construction of the parking garage, and City shall make up at the golf course lot any such spaces which are lost from the Rio Grande lot . During such interim period , Owner shall he responsible for maintaining ade- quate liability insurance covering all such spaces and for the operation of all such spaces and for the storage and retrieval of th golf course lot vehicles and/or passengers and hotel guests and for the supervision of hotel vehicles in the Rio Grande lot by whatever administrative means (e .g . shuttle buses , etc . ) Owner deems appropriate . City shall , however , be responsible for keep- ing the necessary portions of both lots clear of snow. Owner shall and hereby does indemnify City from and against any and all claims or liabilities for personal injury or property damage arising out of Owner ' s use of such parking spaces except those claims caused by City' s negligence or intentional acts . ( b) The rental market value of the sixty ( 60 ) '-,spaces is stipulated to be Two Thouand Eight Hundred Twelve Dol- lars and 50/100 ($2 , 812 . 50 ) per month ( such value based on present monthly cost for parking space rental within the City of Aspen at Seventy-five Dollars ( $75 . 00 ) for downtown spaces and Thirty-Seven Dollars and 50/100 ($37 . 50 ) for non-downtown spaces) . ( c) During any period prior to the issuance of a building permit for the parking structure that the Owner is using the City-provided parking spaces , the City shall draw from the escrow account the amount of Two Thousand Eight Hundred Twelve Dollars and 50/100 ($2 , 812 . 50 ) per month in compensation for the allowed use of the sixty ( 60 ) spaces . ( d) From and after the date of issuance of a building permit for the parking structure ( and if such permit is issued within two years of the issuance of a certificate of occu- pancy for Phase II ) the delivery to the City of the escrowed downpayment funds and promissory note shall be deemed compensation in full for any further use by owner of the sixty ( 60 ) interim parking spaces , and all amounts previously withdrawn from the escrow shall be credited back to Owner in determining the "balance of Owner ' s share" for purposes of calculating the principal amount of the promissory note described in Paragraph - L. below . 2. The "balance of Owner ' s share" shall be repre- O sented by Owner' s promissory note to the City as holder which note eJ shall be dated , executed and deposited into escrow with the City as of the date of execution of this agreement by all parties here- to . The note shall be delivered out of escrow to the City and become a debt ( i .e . " its effective date" shall be) on the date of the issuance of a building permit for the construction of the parking garage or sixty (60 ) days following the date of issuance of a building permit for Phase II , whichever date occurs later . The note shall be in a form identical to that attached hereto as Exhibit "C" and bearing simple interest ( which interest rate may be variable) at the same interest rate( s) as the City' s ( or other issuing authority' s) bond issue rate( s) under Paragraph hereof and reciting an eighteen percent ( 18% ) default interest rate and payable in consecutive monthly installments of principal and interest in such amounts as are necessary to cover principal of , redemption premiums , if any, and interest on the City' s ( or other issuing authority ' s) bond( s) ( including refunding bond( s) , if any) , and other obligations of the issuer pursuant to the bond ordinance , resolution or indenture and over the same period of time as the City' s ( or other issuing authority' s) bond ( s) ( includ- ing refunding bond ( s) under Paragraph (? hereof , commencing on the first day of the calendar month following the month in which the Note is delivered with all remaining principal and accrued interest being due and payable with the final monthly payment . To the extent permitted by the bond issuing authority and subject to such limitations and requirements as may be imposed by such auth- ority at the time of the issuance of the bond( s) , said Note shall be prepayable in any amount at any time and from time to time without penalty or notice and shall be assignable by City to any bond issuing authority. 3 . As security for said note , Owner hereby cove- nants and agrees that from and after the date of delivery to the City of said Note , and continuing for so long as any portion of said Note remains unpaid, Owner shall collect as part of the daily room rental for all rental rooms at the hotel project ( i .e . Phase I and Phase II ) not deed restricted to employee housing a " trans- portation charge" in the minimum amount of Five Dollars ( $5 . 00 ) per day on every room rental , and shall maintain a separate and accurate accounting of the revenues generated thereby. Owner shall and hereby assigns and pledges to City such transportation charge revenues as collateral for Owner ' s performance of its pro- missory note obligations and agrees to remit to the City each month the portion of such transportation charge revenues necessary to retire that month' s Note installment obligation . So long as any portion of said Note remains unpaid , Owner shall maintain a " transportation revenues reserve account" in a responsible banking institution containing sufficient funds to pay one ( 1 ) monthly Note installment obligation in advance , but shall otherwise be free to utilize such other transportation 'charge revenues for its own purposes unless and until such time as City finds it necessary to exercise its collateral pledge rights in the event of Owner ' s default in the performance of its promissory note obligations . In the event Owner shall ever be late in paying a monthly Note installment obligation to the City, City shall have the right to demand that Owner increase the amount held in such reserve account to cover three (3 ) monthly Note installment obligations in advance . Owner agrees to comply with such demand and thereafter to maintain the reserve account at the three (3 ) month level . City shall have the right to examine all records necessary to audit the transportation charge accounting and the related reserve account at any reasonable time or times . The foregoing pledge shall be assignable by City to any bond issuing authority . 4. Owner further agrees that the subject promis- sory note shall contain a provision to the effect that in the Al event that controlling interest in the project ( i .e . Phase I and Phase II ) is transferred from Owner to a third person or persons (by sale , foreclosure , operation of law, or otherwise) , while said Note remains unpaid, the City shall have the right (but not the obligation) to declare the entire remaining balance of said Note __—> mmediately/5'due and payable as of the effective date of such transfer . 5. Should the City fail to obtain a building per- mit for the construction of a parking structure within two (2 ) years of the issuance of a certificate of occupancy for Phase II , Owner shall have the right and option to implement an alternative plan for the provision of the required sixty ( 60 ) parking spaces or to demand that the City negotiate , in good faith , a long-term lease ( no less than fifteen ( 15 ) years) for the sixty ( 60 ) parking spaces on the Rio Grande and golf course parking llloots . In this event , any balance in the funds escrowed pursuant to S j kcet /' ( being principal plus accrued interest minus monthly rental pay- ments made) shall be credited to Owner in any new lease arrange- ment or refunded to it if an alternative parking plan is adopted and , in either case , the escrowed promissory note shall be rede- livered to and cancelled by Owner . B. In addition , Owner shall be responsible for its propor- tionate share of the annual cost , expense and necessary capital expenditures of operating , maintaining and repairing the parking garage aspect of the parking garage s 4cture following its comple- tion. Owner hereby further assigns and pledges unto City the " transportation charge" revenues allocated from time to time by Owner pursuant to Paragraphs A_ 141 3_ above as collateral for Owner' s performance of its obligation to pay . A proportionate share of such annual operational , maintenance and repair costs , expenses and necessary capital expenditures . The foregoing pledge shall be assignable by the City to any garage operating authority . C. In consideration of the above-described financial participation and subsequent operational cost-sharing , Owner shall be entitled to the perpetual use and enjoyment of a defined block of sixty (60 ) parking spaces in the structure, free of parking fees . Should the City deem it appropriate to condominiumize the parking spaces in the parking structure, City shall deed to Owner its sixty ( 60 ) spaces together with its proportionate undivided interest in appurtenant general common elements . 6 . Tax increment financing and/or industrial development bond financing. Owner shall and hereby consents to City' s ( or other governmental or quasi-governmental entity or non-profit cor- poration) issuance , if possible , of a tax increment bond( s) , or other type of bond , in at least the amount of the balance of Owner' s share of the parking structure construction cost ( includ- ing design , pre- construction and construction costs and financing costs such as capitalized interest costs , if any, reserve funds and bond issuance costs) , the proceeds of which bond ( s) may be applied by the City to the construction of the subject parking structure and for any other lawful improvement project . Such bond( s) shall bear simple interest at a rate( s) to be determined by the issuer shall be retirable over a period of not more than twenty- five (25 ) years ( or other lawful term) , and shall be secured by a pledge by the City ( or other issuing authority) of the increase in real property taxes and/or sales tax assessed to the capital Hotel Jerome property which will occur as a normal consequence of the renovation ( Phase I ) and expansion ( i . e. Phase II ) contemplated by this Agreement ( or by other lawful security available to the City or other issuing authority) . However , the bonding itself will cause no additional taxes or other charges to be imposed upon Owner other than the above-referenced "balance of Owner ' s share" , and the consent of Owner provided for herein shall not be interpretted as a consent to any form of special assessment district that would result in an increase in the real property taxes being levied upon the hotel property. ) City will , of course , be reimbursed on a continuing basis for its bond retirement obligations relating to the project' s share of the parking structure by the monthly installment payments being made by Owner under the above-described promissory note . Owner further agrees that if Owner has , in fact , decided to proceed with the development of Phase II, Owner shalt • se its best efforts to cooperate with the City ( or other governmental or quasi-governmental entity) in the issuance and sale of any indus- trial development bonds in connection with the financing of the parking structure , so long as Owner' s participation , if necessary , and any such industrial development bonding effort complies with all applicable laws and restrictions . 7 . Planter encroachments . Owner agrees to obtain such approvals and/or licenses as may be necessary with respect to planters which encroach into public sidewalks , prior to the issu- ance of a building permit for such planters . 8 . Periodic project reviews . Owner agrees that every six (6 ) months following the date of final City approval of Phase II until the construction thereof is complete , Owner will meet with the City Planning Office for the purpose of informing the Planning Office as to Owner ' s progress in developing Phase II pursuant to the terms and provisions of approval and the appropriate amendment to this agreement . If the Planning Office deems it necessary, the Planning Office will report to the City Planning and Zoning Com- mission on the outcome of one or more of these meetings . The Owner and City recognize that these meetings are not opportunities for the Owner to avoid complying with the requirements of this agreement but are for the purpose of providing progress reports and developing mutually acceptable solutions to any problems that may be encountered during the construction period . 9 . Permanent care and maintenance of landscaping. Owner agrees that it shall be the perpetual responsibility of Owner or Owners from time to time of the above-referenced Hotel Jerome pro- •U perty to maintain , care for , and replace when necessary all trees , shrubs , plants , and other landscaping features which may be planted in connection with or otherwise incorporated pursuant to the landscape plan appearing on Exhibit hereto, or other- wise submitted as part of an approved final plat . 10. Owner shall occupy the project open space ( i .e . the exterior patio and pool areas shown on the landscape plan for such uses as may from time to time be deemed appropriate by Owner , pro- vided that such occupancy and uses shall at all times be in com- pliance with the then applicable provisions of the Municipal Code of the City of Aspen . Owner agrees that it shall be the perpetual responsibility of the Owner or Owners from time to time of the above-referenced Hotel Jerome property to maintain in a clean and attractive condition and in a good state of repair all such open space contained within the project . 11 . Compliance and request for amendments or extensions by Owner. In the event that the City Council determines that the Owner is not acting in substantial compliance with the terms of this agreement , the City Council may issue and serve upon the Owner a written order specifying the alleged non-compliance and requiring the Owner to cease and desist from such non-compliance and rectify the same within such reasonable as the City Council may determine. Within twenty ( 20 ) days of the receipt of such order , the Owner may file with the City Council either a notice advising the City Council that it is in compliance or a written petition requesting a hearing to determine any one or both of the /7 following matters : ( a) Whether the alleged non-compliance exists or did exist , or ( b) Whether a variance , extension of time or amendment to this First Amended Agreement should be granted with respet to any such non-compliance which is determined to exist . Upon the receipt of such petition , the City Council shall promptly schedule a hearing to consider the matter set forth in the cease and desist order and in the petition . The hearing shall be convened and conducted pursuant to the procedures nor- mally established by the City Council for other hearings . If the City Council determines by a preponderance of the evidence that a -. >ion- compliance exists which has not been remedied , it may issue i I` such orders as may be appropriated ; provided , however , no order terminating any approval granted herein shall be granted without a finding of the City Council that substantial evidence warrants such action in affording the Owner a reasonable time to remedy such non-compliance . A final determination of non-compliance which has not been remedied or for which no variance has been granted shall , at the option of the City Council , and upon written notice to the Owner , terminate any of the approvals contained herein . 12 . Notice. Notice to be given to the parties to this agreement shall he deemed given is personally delivered or if deposited in the United States Mail to the parties by registered or certified mail at the addresses indicated below, or at such other addresses as may be substituted upon written notice by the parties or their successors or assigns : City of Aspen : Owner : City Manager Hotel Jerome Limited 130 South Galena Street Partner. ship Aspen , Colorado 81611 c/o Dick Butera Aspen Real Estate Associates Copy to: 520 East Durant , Suite 204 Garfield & Hecht Aspen , Colorado 81611 601 East Hyman Avenue Aspen , Colorado 81611 / ' • 13 . Applicable law. This agreement shall be subject to and construed in accordance with the laws of the State of Colorado and the Municipal Code of the City of Aspen . 14. Severability. If any of the provisions of this agree- ment or any paragraph , sentence , clause , phrase , word or section or the application thereof in any circumstances is invalidated , such invalidity shall not affect the validity of the remainder of this First Amended Agreement and the validity of any such provi- sion , paragraph , sentence , clause , phrase , word or section under any other circumstances shall not be affected thereby . 15 . Incorporation of recitals . The City and Owner hereby stipulate and agree that the recitals preceding this First Amended Agreement are part of this agreement and are to be deemed incor- porated herein as though fully set forth . 16. Entire agreement; amendment . This First Amended Agree- ment and all exhibits attached hereto and/or documents , reports and applications incorporated by reference , contains the entire understanding and agreement between the parties herein with respect to the transactions contemplated hereunder and may be altered and amended from time to time only by written instrument executed by each of the parties hereto . • "17. Representations. Look up in AML POD Agreement . -'' ` CITY OF ASPEN , COLORADO By William L. Stirling , Mayor ATTEST: Kathryn S. Koch , City Clerk APPROVED AS TO FORM : Paul J . Taddune , City Attorney i;�_l{■I c,.{ .. k �1 1t115 Gw t. tE 1i* {.l�(' � hrl NIddC Ge C.A.Ct (.7 I; f < a )(V., 1, c t-AecA.-. /; OWNER: HOTEL JEROME LIMITED PARTNERSHIP, a Connecticut Limited Partnership By Western Properties Invest- ments , Inc. , General Partner By T. Richard Butera, President STATE OF COLORADO ss . County of Pitkin The foregoing instrument was acknowledged before me this day of _ , 1986, by William L. Stirling as Mayor and Kathryn S. Koch as City Clerk of the City of Aspen , Colorado . WITNESS MY HAND AND OFFICIAL SEAL. My commission expires : Notary Public Address STATE OF COLORADO ss . County of Pitkin The foregoing instrument was acknowledged before me this day of , 1986 by T. Richard Butera . WITNESS MY HAND AND OFFICIAL SEAL. My commission expires : Notary Public Address NOTE - we should see the limited partnership documents so that we can verify that Butera has authority to sign . SC, 1E �s\ \.%\�s AMENDED AND RESTATED PLANNED UNIT DEVELOPMENT AGREEMENT HOTEL JEROME RENOVATION AND ADDITION This Restated and Amended Agreement , made and entered into this day of , 1986 , by and between the City of Aspen, Colorado, a municipal corporation and a home-rule City (hereinafter referred to as the "City" ) and the Hotel Jerome Limited Partnership (hereinafter referred to as the "Owner" ) . W I T N E S S E T H : WHEREAS, Owner owns that real property and the building situated thereon, commonly known as the "Hotel Jerome" , more particularly described as follows : Lots A, B, C, D, E, F, G, H, I , 0, P, Q, R, S, and the East 20 feet of Lot N, Block 79 , together with the East 170 . 00 feet of the vacated alley in said Block 79 , City and Townsite of Aspen, County of Pitkin, State of Colorado; and WHEREAS , the Owner 's predecessor in title, JOHN F . GILMORE, submitted to the City for approval , execution and recording a Final Planned Unit Development (P . U.D . ) Plat pertaining to the development of that project known as the "Hotel Jerome - Renovation and Addition"(hereinafter referred to as the " Initial Project" ) ; and WHEREAS , Owners predecessor in title entered into a Planned Unit Development Agreement with the City for said Initial Project, entitled "Planned Unit Development Agreement - Hotel Jerome - - 1 - Renovation and Addition" , dated April 20 , 1983 , recorded in Book 444 at Page 750 , Pitkin County Clerk and Recorder 's office; and WHEREAS, pursuant to an application dated November 29 , 1985 , which application and all representations set forth therein are hereby incorporated by reference, Owner submitted to the City an application to revise the Initial Project into two phases as follows : - Phase I : Renovation of the exisitng building, commonly known as the Hotel Jerome, pursuant to Building Permit Application and Building Permit No . , which renovation was completed and a certificate of occupancy issued therefor on or about December 26 , 1985; - Phase II : An addition to the currently existing and reno- vated Hotel Jerome, as defined and described on the plat for the Initial Project or, at the option of the applicant , an amendment thereto to be presented and approved by the City in accordance with the procedures for amending and/or revising a PUD plan set forth in Section 24-8 . 26 of the Municipal Code of the City of Aspen, Colorado; and WHEREAS, City and Owner desire to amend the Agreement pertain- ing to the Initial Project dated April 20 , 1983 , to reflect a phasing into Phases I and II as well as various matters set forth below (hereinafter this Agreement will be referred to as "First Amended Agreement" ) . ' HEREAS, pendi • . pplication fo .mendment City and Owner desir- to amend he Agreement pert. . ning to the Initi 1 Project, dated Aril 0 , 1983 , to re - a phasing into Phase ' and II as - 2 - hereinabove described as well as various matters set forth below i to one comprehensive Agreement ( hereinafte this ‘greement will be re' erred to as "Fir: Amended Agreement" ) , and WHEREAS, th" City is wi ling to approve this Fist Amended Agre.ement upo the representalion of Owner that a pla will be filed on o , before. September 1 , 198: , meting tne approval o the City Engine- , which plat will accurately reflect presently existing Phase I ; WHEREAS, the City has imposed conditions and requirements in connection with its approval of applicant 's request to phase the project as hereinabove described, and, to the extent not specifi- cally superceded by this First Amended Agreement the parties desire to reaffirm the initial Agreement as necessary to protect, promote and enhance the public health, safety and welfare; and WHEREAS, under the authority of Section 20-16 (c ) and Section 24-8 . 1 et seq. , of the Municipal Code of tne City of Aspen , the City is entitled to assurances that the matters hereinafter set forth and agreed to will be faithfully performed by Owner ; and WHEREAS, Owner is willing to enter into such agreement( s ) with and to provide such assurance ( s ) to the City . NOW, THEREFORE, in consideration of the premises , the mutual covenants herein contained, it is agreed as follows : 1 . Amended Agreement and Phasing . City and Owner agree that, to the extent that matters are specifically addressed herein, this Agreement shall supercede and amend that Planned Unit Development Agreement Hotel Jerome - Renovation and Addition, dated April 20 , 1983 , recorded in Book 444 at Page 750 , Office of the Pitkin County - 3 - Clerk and Recorder . Further , to the extent not specifically super- ceded and addressed in this Agreement, the parties desire to reaffirm all matters set forth in said Agreement . Owner agrees that on or before September 1 , 1986 , Owner shall submit to City an amended PUD plat reflecting the existing renovation of the Hotel Jerome which plat shall comply with all applicable requirements , the City of Aspen subdivision and PUD regulations . In addition, it is comtemplated that applicant will submit another application pursuant to Section 24-8 . 26 (b) to amend Phase II on or before August 1 , 1986 , which application and the approvals therefor shall be subject to all the requirements , terms and condi- tions of the City of Aspen subdivision and PUD regulations in effect and such other laws , rules or regulations as are or may become applicable . In the event that an application to amend the plat to reflect an amendment to Phase II as currently provided for in the Initial Project for Phase II is not made on or before August 1 , 1986 , the plat for the Initial Project, as amended, to reflect Phase I as hereinbelow provided , shall constitute the development approvals pertaining to the property. 2 . Sidewalks , Curb and Gutter . With regard to the provisions for sidewalks , curb and gutter , as set forth in Paragraph "1 " , of the initial Agreement , City acknowledges that Owner has constructed a new sidewalk along Main Street frontage and has ( or will by August 1 , 1986 ) repair the existing sidewalks on Mill Street and shall maintain said sidewalks along Main Street and Mill Street in accordance with the sidewalk and improvements site plan, dated , annexed hereto and incorporated herein as Exhibit "A" . Prior to issuance of a Certificate of Occupancy for Phase II , or within a reasonable time thereafter as agreed to by City Engineering, Owner shall construct new sidewalks along the Project 's road frontages on Monarch and Bleeker Streets ( six-foot minimum widths ) together with curb and gutter , all as reasonably determined by the City Engineer , in accordance with the Landscape plan , the applicable provisions of Chapters 19 and 20 of the Aspen Municipal Code, as amended, and accepted engineering standards and practices . Owner shall repair or replace any existing (or newly installed ) sidewalks, curb or gutter which may be damaged during construction . The current estimated cost of such improvements is contained in Exhibit "A" attached hereto and incorporated herein by this reference. Such cost estimate shall be updated by the City Engineer when Owner actually applies for a Building Permit for Phase II , and Exhibit "A" shall be amended accordingly at that time . 3 . Other Physical Improvements . Prior to the issuance of a Certificate of Occupancy for the Project , Owner shall provide and install such water lines and fire hydrants , sanitary sewer lines , storm drainage improvements and storm sewers , and such other physi- cal improvements , as may be reasonably required pursuant to Section 20-16 (a ) of the Municipal Code , in connection with the Project and according to normal City specifications, the schedule and cost of which include, without limitation, those contained in Exhibit "A" . Such cost estimate shall be updated by the City Engineer when Owner actually applies for a Building Permit for the Project and Exhibit "A" shall be amended accordingly at that time . - 5 - The current estimated cost of such improvements does not include sewer and water taps , plant investment fees and related fees , which will be calculated and paid prior to issuance of a Building Permit according to the then-standard practices and charges of the sewer district and water department. 4 . Landscape Improvements . In accordance with Section 24-8 . 16 of the Municipal Code, all required Landscaping shall substantially conform to a "Landscape Plan" annexed to the Plat and incorporated herein by reference which shows the extent and location of all plant materials and other landscape features , flower and shrub bed defini- tion, proposed plant material at mature sizes in appropriate rela- tion to scale, species and size of existing plant material , proposed treatment of all ground surfaces (e .g . , paving, turf , gravel , etc. ) , location of water outlets , and a plant material schedule with cominon and botanical names , sizes and quantities . Landscaping will be completed in a logical phasing sequence commensurate with the phasing of the improvements contemplated in the Construction Sche- dule, but in no event later than one year after the date of the Certificate of Occupancy for Phase II . If the Owner has not been issued a building permit for Phase II by the City of Aspen by May 1 , 1987 , a detailed Landscaping Plan shall be submitted for approval by the City Planning Department and the City Engineering Department in the exercise of tneir reasonable discretion, to be completed by July 1 , 1987 . It is the mutual understanding of the parties that a Certifi- cate of Occupancy may be issued for the Project even if the land- scaping improvements have not yet been completed, provided the - 6 - portion of the guaranty in Paragraph 6 below which covers the estimated cost of such unfinished landscaping remains available pursuant to the terms of Paragraph 6 . 5 . Construction Schedule and Program. The construction sche- dule outlines the time periods for construction and the methods for satisfying the terms of the Agreement . Owner represents to City that an accurate construction schedule cannot be submitted at this time . It is anticipated that construction will begin in the summer of 1986 , for completion for the 1987-1988 summer. Prior to the issuance of a Building Permit for Phase II and as a condition prece- dent thereto, Owner agrees to provide the City Engineering Department with a detailed construction schedule, to the satisfac- tion of the City Engineer and Chief Building Official , which shall particularly address how construction phasing and other techniques will best accommodate under circumstances ( a ) barricading and provi- sion of pedestrian protection , (b) excavation access and large truck traffic and staging areas , (c ) delivery and storage of major materials , (d) construction equipment access and storage, and ( e ) contractor vehicle parking . Such construction schedule shall be verified by the signatures of the City Engineer and the Chief Build- ing Official and recorded as a supplementary exhibit hereto. Any amendments to the construction schedule shall be reviewed by the Planning Department, verified by signatures of the City Engineer and Chief Building Official , and ( if the City requires ) recorded as supplementary exhibits hereto. 6 . Financial Assurances . In order to secure the performance of the construction and installation of the improvements described - 7 - in Paragraph 2 , 3 and 4 above , and to guarantee one hundred percent ( 100% ) of the estimated cost of such improvements as reasonably agreed to by the City Engineer (as such amount may be updated from time to time as herein provided) , Owner shall guarantee, by sight draft or letter of commitment or credit from a financially responsi- ble lender (either or both to be irrevocable until such construction is completed ) , that funds in the amount of such estimated cost are held by it for the account of Owner for the construction and instal- lation of the above-described improvements . Said guaranty shall be delivered to the City prior to the issuance to Owner of a building permit for the Project, shall be in a form acceptable to the City Attorney and the City Manager , and shall give the City the uncondi- tional right, upon default by the Owner, to withdraw funds upon demand to partially or fully complete and/or pay for any of such improvements or pay any outstanding bills for work done thereon by any party, with any excess guaranty funds applicable to additional administrative or legal costs associated with any such default and the repair of any deterioration in improvements already constructed. As portions of the required improvements are completed, the City Engineer shall inspect them, and upon approval and written accep- tance, he shall authorize the release from the guaranty delivered by Owner of the agreed estimated cost for that portion of the • improvements except that ten percent ( 10% ) of the estimated cost shall be withheld until all proposed improvements are completed and approved by the City Engineer. Provided, that the withheld ten percent ( 10% ) which relates to the improvements described in Para- graphs 1 and 2 above shall be released by City upon completion and - 8 - approval by the City Engineer of all such Paragraph 1 and 2 improvements and regardless of the stage of completion of landscape improvements described in Paragraph 4 above . The Owner also agrees to deliver to the City, upon demand therefor by the City Engineer, a maintenance bond or other suitable guarantee for the repair or replacement of any existing municipal improvements damaged during construction of new improvements . Owner will contract with recognized and bondable contractors for all such improvements . The contractors shall warrant all such improvements to accepted standards of good workmanship for a period of one ( 1 ) year from completion and , at Owners request, the City will agree in writing to accept the improvements . It is the express understanding of the parties that the proce- dure set forth in Paragraph 13 of this Agreement regarding non- compliance shall not be required with respect to the enforcement and implementation of the financial assurances set forth herein and required by Section 20-16 (c ) of the Municipal Code. In the event Phase II is not to be constructed, the Owner agrees that it will expend at least $50, 000 . 00 for the purpose of Landscaping the site . 7 . Employee Housing. With reference to Paragraph 6 of the Initial Project, and as a further inducement to the City to approve phasing into two phases as set forth in this First Amended Agree- ment, Owner has agreed to and does hereby confirm and acknowledge its obligation to provide housing for employees of the project, as required by the Code and regulations of the City of Aspen , or its designee, in connection with the Project. With regard to Phase I , - 9 - Owner hereby agrees that Rooms No. 1 , 2 , 3 , and 4 in the hotel annex on the top floor as designated on the amended and restated plat shall be and hereby are restricted exclusively to use as employee housing under and in accordance with such City of Aspen employee housing use, occupants , rental and sales price guidelines as may be in effect and applicable from time to time, sufficient to house four ( 4 ) employees of the project and restricted to a maximum occupance of one ( 1 ) employee per bedroom. Such rooms shall be used solely by hotel employees , and verification of an employee 's employment qualificaions may be accomplished by the City of Aspen, or it 's designee , at any time the City may wish . The dedication and covenants contained herein shall be deemed a burden upon and to run with the title to the project and shall be binding upon the Owner and Owner 's successors and upon all other persons or entities having any right, title or interest in or to the project ( or bedrooms ) or any part thereof , and shall inure to the benefit of and be specifi- cally enforceable by the City of Aspen or its designee by appro- priate legal action, including injunction, abatement or eviction of non-complying tenancies , all for a period of fifty ( 50 ) years from the date of recording hereof in the Pitkin County Clerk and Recorder 's Office. Neither this dedication nor any of the covenants contained herein shall be modified, released or waived in any respect except by written instrument executed by both Owner or its successors or assigns and the City of Aspen, Colorado, and duly recorded in the Pitkin County Clerk and Recorder 's Office . - 10 - The approval by the City Council on the day of , 1986 , restricting units at the Cortina Lodge , Aspen, Colorado, shall fully satisfy the require- ments for Phase II of the project. These units shall be provided for use by fifteen ( 15 ) hotel employees , deed restricted to City occupancy guidelines in effect at the time such units are provided . Such units shall be restricted to such guidelines prior to the issuance of a certificate of occupancy for Phase II of the project and as a condition precedent thereto. The Owner shall have the right to substitute all of the required off-site employee housing for an aggregate of fifteen ( 15 ) employees provided ( i ) the location, size and configuration of such substitute housing is acceptable to the City of Aspen or its desig- nee , as reflected by resolution of the City Council , ( ii ) the minimum number of acceptable employee housing units required by the initial agreement to house fifteen ( 15 ) employees remains available at all times , and ( iii ) the same deed restrictions are imposed upon the substitute units prior to occupancy of the substitute units . Upon the completion of such substitution of units , the City shall release the deed restrictions upon those off-site units which have been replaced . Further , should the Owner secure more units than are necessary in the opinion of the City to house fifteen ( 15 ) employees off-site, Owner 's on-site employee bedroom requirement shall be reduced and deed restrictions released exactly by the number of off-site bedrooms provided in excess of those required to house the fifteen ( 15 ) employees off-site , as may be acceptable to the City (or its designee , which may be the Aspen-Pitkin Housing Authority) , including approval by resolution of the City Council . - 11 - Further , should the Owner at the time of the certificate of occupancy for Phase II of the project, not have provided the units necessary to house fifteen ( 15 ) employees , Owner shall , prior to the issuance of the certificate of occupancy for Phase II and as a con- dition precedent thereto, covenant and restrict a sufficient number of bedrooms within Phase II of the project necessary to cover any shortfall in the off-site housing requirments , which temporary restricted bedrooms must meet the same City employee housing guide- lines as Owner 's off-site employee housing units would have been required to meet under the terms hereof , and which temporary restricted bedrooms shall thereafter be released from said covenants when Owner does provide the required number of units for off-site employee housing in the manner above provided . Owner warrants that, at the time of the issuance of the certi- ficate of occupancy for Phase II , all persons , or entities having any lien , encumbrance or interest in the Cortina Lodge, will have consented to such occupancy and that no certificate of occupancy for Phase II will be issued without the written consent of any such person or the substitution of other employee housing to satisfy the requirement. The deed restriction and covenant restriction and release forms shall be approved as to form by the City Attorney prior to recorda- tion. 8 . Parking. As a condition of the approvals granted herein and herewith, the Owner shall provide parking in connection with the project, either on-site or off-site , in the manner or manners hereinafter described . - 12 - - Phase I . In the event a Building Permit has not been granted for Phase II by September 1 , 1986 , Owner shall provide thirty-one ( 31 ) on-site parking spaces in the manner acceptable to the Engin- eering Office, said spaces to be ready for use by November 1 , 1986 , and to remain in use until the beginning of construction on Phase II . - Phase II . As a condition of the approvals granted herein and herewith, Owner agrees to provide fifty-one ( 51 ) parking spaces to be on-site and enclosed in the Phase II Addition according to the recorded plat. These fifty-one ( 51 ) parking spaces shall include the thirty-one ( 31 ) spaces required in Phase I , if no Building Permit for Phase II has been issued by September 1 , 1986 . In the event Owner does not provide the fifty-one ( 51 ) parking spaces for the Project on-site, then Owner agrees to participate with the City in the financing, design, construction, operation and maintenance ( including necessary capital expenditures ) of a 400- vehicle parking structure on the Rio Grande property, but only to the extent that the number of parking spaces on-site are less than the spaces required hereunder . At such time as the City undertakes the construction of this structure , Owner shall and hereby agrees to participate proportion- ately ( based on the need for fifty-one ( 51 ) spaces ) in the finan- c• ing, design , construction, operation and maintenance ( including necessary capital expenditures ) of the parking garage aspect thereof , such financial participation to be in the form described in the original PUD Agreement. - 13 - 9 . Planter Encroachments . Owner agrees to obtain such licenses as may be necessary with respect to planters which encroach into public sidewalks . City Council , in approving the landscape plan, shall grant the encroachment licenses prior to the issuance of a building permit for the plants . 10 . Periodic Project Reviews . Owner agrees that every six ( 6 ) months following the date of final City approval of this Project until the construction thereof is complete, he will meet with the City Planning Office for the purpose of informing the Planning Office as to his progress in developing the Project pursuant to the terms and provisions of this Agreement. If the Planning Office deems it necessary, the Planning Office will report to the City Planning and Zoning Commission on the outcome of one or more of these meetings . The Owner and the City recognize that these meet- ings are not opportunities for the Owner to avoid complying with the requirements of this Agreement, but are for purposes of providing progress reports and developing mutually acceptable solutions to any problems which may be encountered during the construction period. 11 . Permanent Care and Maintenance of Landscaping. Owner agrees that it shall be the perpetual responsibility of the Owner or Owners from time to time of the Hotel Jerome property to maintain, care for, and replace when necessary, all trees , shrubs, plants , and other landscaping features which may be planted in connection with or which are otherwise incorporated in the Hotel Jerome Project pursuant to the Landscape Plan submitted to the City as a part of the Final Plat. - 14 - 12 . Use and Maintenance of Open Space . Owner shall occupy the Project Open Space ( i .e . , the exterior patio and pool areas shown on the Landscape Plan) for such uses as may from time to time be deemed appropriate by Owner , provided that such occupancy and uses shall at all times be in compliance with the then-applicable provisions of the Aspen Municipal Code . Owner agrees that it shall be the perpe- tual responsibility of the Owner or Owners from time to time of the Hotel Jerome property to maintain in a clean and attractive condi- tion and in a good state of repair all such Open Space contained within the Project. 13 . Non-Compliance and Request for Amendments or Extensions by Owner. In the event that the City Council determines that the Owner is not acting in substantial compliance with the terms of this Agreement, the City Council may issue and serve upon the Owner a written order specifying the alleged non-compliance and requiring the Owner to cease and desist from such non-compliance and rectify the same within such reasonable time as the City Council may deter- mine . Within twenty ( 20 ) days of the receipt of such order , the Owner may file with the City Council either a notice advising the City Council that it is in compliance or a written petition request- ing a hearing to determine any one or both of the following matters : (a ) Whether the alleged non-compliance exists or did exist ; or, (b) Whether a variance, extension of time or amendment to this Agreement should be granted with respect to any such non- compliance which is determined to exist . - 15 - Upon the receipt of such petition, the City Council shall promptly schedule a hearing to consider the matters set forth in the cease and desist order and in the petition. The hearing shall be convened and conducted pursuant to the procedures normally estab- lished by the City Council for other hearings . If the City Council determines by a preponderance of the evidence that a non-compliance exists which has not been remedied, it may issue such orders as may be appropriate ; provided, however, no order terminating any approval granted herein shall be granted without a finding of the City Coun- cil that substantial evidence warrants such action and affording the Owner a reasonable time to remedy such non-compliance. A final determination of non-compliance which has not been remedied or for which no variance has been granted shall , at the option of the City Council , and upon written notice to the Owner, terminate any of the approvals contained herein. In addition to the foregoing, the Owner or its successors or assigns may, on its own initiative, petition the City Council for an amendment to this Agreement or the Plat or to extend any of the time periods required for performance . With respect to the Construction Schedule, the Owner has made vaious assumptions , including the following: ( 1 ) Final approval of the Plat and related documentation prior to September 1 , 1986 ; ( 2 ) - Negotiation, arrangement and completion of pre-construc- tion activity by Owner , including construction borrowing, bidding, contractor selection and contractor mobilization prior to the pro- jected starting date of no later than May 1 , 1937 ; - 16 - ( 3 ) Ratification of the estimated construction and development schedule by the selected lender and contractors ; ( 4 ) Prompt availability of the required labor forces and con- struction materials at all necessary phases throughout the construc- tion period; ( 5 ) No interruption in construction operations through the winter months during the actual construction period by acts of God or other matters beyond the control of the Owner . The City Council shall not unreasonably refuse to extend the time periods for performance indicated in the Construction Schedule if Owner demonstrates by a preponderance of the evidence that the reasons for said extension are beyond the control of the Owner , despite good faith efforts on his part to accomplish the same . 14 . Notice . Notices to be given to the parties to this Agreement shall be deemed given if personally delivered or if deposited in the United States Mail to the parties by registered or certified mail at the addresses indicated below, or at such other addresses as may be substituted upon written notice by the parties or their successors or assigns : City of Aspen: City Manager 130 South Galena Street Aspen, Colorado 81611 Owner: Hotel Jerome Limited Partnership c/o Marketing Corp of America 285 Riverside Drive Westport, Connecticut 06880 - 17 - With copies to : Garfield and Hecht, P.C. 601 East Hyman Avenue Aspen, Colorado 81611 Perry Harvey Post Office Box 8720 Aspen, Colorado 81612 15 . Binding Clause . The provisions hereof shall run with and constitute a burden upon the title to the subject property, and shall be binding upon and shall inure to the benefit of the Owner and the City and their respective heirs , personal representatives, successors and assigns . 16 . Applicable Law. This Agreement shall be subject to and construed in accordance with the laws of the State of Colorado and the Municipal Code of the City of Aspen . 17 . Severability. If any of the provisions of the Agreement or any paragraph, sentence, clause , phrase, word or section or the application thereof in any circumstances is invalidated, such invalidity shall not affect the validity of the remainder of the Agreement and the validity of any such provision, paragraph, sen- t• ence, clause, phrase, word or section under any other circumstances shall not be affected thereby. 18 . Incorporation of Recitals . The City and Owner hereby stipulate and agree that the Recitals preceding this Agreement are part of the Agreement and are to be deemed incorporated herein as though fully set forth. - 18 - 19 . Entire Agreement; Amendment. This Agreement contains the entire understanding and agreement between the parties herein with respect to the transactions contemplated hereunder and may be altered or amended from time to time only by written instrument executed by each of the parties hereto. 20 . Acceptance of Plat . Upon execution of this Agreement by all parties hereto, the City agrees to approve and execute the Final Planned Unit Development Plat for the Hotel Jerome - Renovation and Addition, and to accept the same for recordation in the Recording Office of Pitkin County, Colorado, upon payment of the recordation fee and costs to the City by Owner . IN WITNESS WHEREOF, the parties hereunto set their hands and seals the day and year first above written. THE CITY OF ASPEN, COLORADO, A Municipal Corporation By: William Sterling, Mayor ATTEST: Kathryn Koch, City Clerk - 19 - APPROVED AS TO FORM: Paul J. Taddune, City Attorney OWNER: HOTEL JEROME LIMITED PARTNERSHIP, a Connecticut Limited Partnership, by Western Properties Investments , Inc . , General Partner By: T. Richard Butera President STATE OF COLORADO ) ss . COUNTY OF PITKIN ) The foregoing was acknowledge before me this day of , 1986 , by William Sterling, as Mayor , and Kathryn Koch, as City Clerk, of the City of Aspen , State of Colorado. Witness my hand and official seal . My commission expires : Notary Public Address - 20 - STATE OF COLORADO ) ss . COUNTY OF PITKIN ) The Foregoing was acknowledged before me this day of , 1986 , by T. Richard Butera . Witness my hand and official seal . My commission expires : Notary Public Address - 21 - EXHIBIT "A" The following is a breakdown of estimated costs for construction of improvements on the City rights-of-way around the Hotel Jerome. The figures are 1986 dollars. 1. Sidewalks, Curb and Gutter New walks Bleeker Street 6 ' x 300 ' @ 3.75/s. f. = $ 6,750 Monarch Street 6 ' x 120 ' @ 3 .75/s. f. = 2,700 Damaged sidewalk Say 20 ' x 8 ' @ 3.75 = 600 New curbs Bleeker Street 30 l. f. @ 11.00/l. f. = 330 Damaged curb Say 40 l. f. @ 11.00/1. f. = 440 Total sidewalk, curb and gutter = $10, 820 COST ESTIMATE WATER MAIN EXTENSION TO SERVE JEROME HOTEL EXPANSION 1. Tie-in at Monarch and Bleeker Streets , 12"x8" tapping sleeve, valve & box $ 2,000.00 2. 350 L.F. Cl . 52 8" DIP @ $28.00 L.F 9,800.00 3. 40 L.F CL 52 6" DIP @ $24 L.F. 960.00 4. 2 - 8"x6" MJ x Flg tees with kickblock @ $325 650.00 5. 2 - 6" MJ x Flg gate valves & box @ $425 850.00 6. 20 L.F 3/4" high strength tie-rods @ $6.00 L.F. 120.00 7. 1 - 6" fire hydrant, with kickblock 1 ,200.00 8. 1 - 8" MJ x 6" PE reducer 200.00 9. Tie-in at Mill and Bleeker Streets 6"x6" tapping sleeve, valve & box 1 ,800.00 10. 700 tons Class 6 base course @ $10.00 Ton 7 ,000.00 Sub-Total $24,580.00 11. Contingency fees 20% 4,916.00 TOTAL ESTIMATE COST $29,496.00 0 design workshop, inc. 710e. durant aspen, colorado 81611 THE HOTEL JEROME 303/925-8354 SITE DEVELOPMENT AND BUDGET ESTIMATE July 3, 1986 Design Workshop, Inc. ITEM UNIT QUANTITY COST/UNIT TOTAL This cost estimate is for the R.O.W. areas only Landscaping import & spread topsoil cy 109 $ 18.00 $ 1, 962 . 00 fine grading sf 3, 930 0. 12 472 . 00 sod sf 4,713 0 .30 1, 414 .00 mulch cy 12 30 .00 360.00 Sub-total $ 4, 208 .00 Plant Materials ash ea 13 $ 750.00 $ 9 ,750 .00 ground covers ea 600 6.00 3 , 600.00 shrubs ea 48 30.00 1,440. 00 Sub-total $14 ,790.00 Irrigation planting beds sf 1, 083 $ 2 .00 $ 2, 166 . 00 general sf 3, 930 0.40 1, 572.00 Sub-total $ 3 ,738.00 GRAND TOTAL $22,736.00 community development land planning landscape architecture -40....---?-..--.� - a _ _ Y.a•as .a. let LIM16IT M' t'.- 444 re. a 8 0 ` s s. f_ .. (Pape 1 of 5) y , % TROM1$50P wan NO ' Yi ,S $ , 196_ (Principal Amount) (Effective Date) 4 , rop VALUE RECEIVED, JOUR GILMORE (hereinafter 'Maker ') 1 promises to pay to the order of the CITY OF ASPEN, COLORADO, a �� municipal corpo-•tlon and hose-rule city (hereinafter 'Payee'), at Tiar;f �'. 130 South Galena, Aspen. Colorado •1611. the principal sum deter- f. -., s. ^+ mined In accordance with the provisions of Nor agrant 1 tat low, y., together with simple interest thereon Trot the effective date e , +� hereof until fully paid at the rate(s) determined in accordance with the provisions of Paragraph 2 below, such principal and inter- est to be pay.-b)e in the manner dr ccrlbed in Paragraph. 7 below. . // 1. Tait Note evidences Maker's obli•etton t4 reimburse-Pelee . . f for Maker's proportions-le share of the.total ,construction -cost of - - r 1 f the vehicular parking structure 6t-1rrg1uilt by Payee on the Rio - i Grande property in the City of Aspen, Pltkir County, Colorado. the 41" w ? j- principal amount hereof shall be determined by multiplying • - eT - .res'.; ,4•, _ i fraction, the numerator of which is 60 and the denominator of which is the total nurbcr of parking spacer being constructed, tires the e c,, portion of the total concu uctlor tort (in:luding deeign, pro- w - construction construction end constructs en coctn. and firancing curer inrlugrng w capitalized Interest on fondr, tewrrv:- fund:., and b-nd lrsueoce 4 . i i costs) which !r directly related to .thr parking g-n n- asprrt o! suet. structure , end then cuLtrartine tie e,- of ii? ,ce or rr fb� 0 . ri , x} t - s-r 1 e FA 3 • _r C - .,yam'V�}..!,9` a. 1 , +. _• • 1.::'444 1.r, C 981 sl reviou ::; de previously deposited by Mater in escrow with Payer plus all Zik interest earned on such escrowed amount from the dote of is V deposit with Payee to the effective date of this Mote. The said r, principal amount hereof shall be calculated by Payee In accordance s. a , with the foregoing definition, and shall be entered by Payee in the .( blank provided for such purpose at the top of this More, at the time and on the date this Note Is delivered out of escrow to Payee - YF:: fie. on the 'effective date' of this Mote). ( 3. Payee (or an alternate issuing iuthority) hes issued • 'f- ar ta' Inceemei.t bond(*) or some other type of bond(r) is at feast the . 1r principal amount of that Note for purpose of funding Maker's pro- (4)pt 2 per tlsnake there of the total parking structure construction cost :.. I as above defined. The principal amount Ac-ecf shell ter at agorae interest (which interest may be variable) from th. effi'ctive &ta- _ - - -hereof. unt il-! 11y paid at t:he'sare interest rite(sl--K'Payee'• _ ..a 1. _t (or other issuing authority's) bond liaise- rate(,YY under the above-- - - - mentioned- bond!,). - - 1 .7. • Principal and interest shall bt due and payable it con- t secutiwe- monthly instal-lmentt in such at Is are neccceo-ry to t r - s _ cover principal of, rederptior. pier-fur:, if ony, and interest on the Payee's (or other !crying authority's) bond's) (In-ludinq rerun g bo nd(a)-, if anl ), and other oblige: Ione of try lee ucr it pursuer.t to the bend ordinance, resolution or indenture. and over t the sear period of rice as Payee's (or oft". r issuing auttutity't) I . 14 -r -g- ' .st A • t ' i . F. ■1.J Y - i Cie y't.`. 7- a 1 J Y 1' j / A +'... c. _ -.. . yr � •, ' • y 1 r.4444 ra,, 0 782 ' . ' bond(•) (including refunding ( )) obligation under the --. rte+. i... %i. nq re Cu nd In bond • vtl' r • above-mentioned Toned bo nd(sl. Such monthly ins sal lments •hall commence r ` on the first day of the calendar month following the effective date of this Mote, with all rosining principal and unpaid accrued • .N c. interest being due and payable with the final monthly payment. / 'r r( -* - 4. To the extent permitted D y the bond issuing authority and subject to such limitations and requirements as may be imposed by _9jt. • i 5- ,' such authority at the time of the Issuance of the related bonds(sl, 'iu"'; r::. L% Maier shall hay. the right to sake advance, additional or prepay- i } t Bents in any amount et any time and flea time to time without • notice or penalty. f each payments shah be applied first to 'accrued • Interest and Oen to the outstanding principal balance. :4?—k,,-..'r,; i- /. At tht1s r.. I option of Payee, the entire cut agendl nq principal -4'. 3 and interest balance oftAle Mote shall berosc Iraedlately due and -- teysbls, without notice or dessnde upon the trans;et. by Maker to • _tie_ 1 -'=1 ` wren rsn or Nitres iby tile, forec,Ioeur. _'opCratlon of. law, or - !y-r q - - e . othetwise) of • controlling interest in the -Mote/ Jerome property, - { . 'Situated is the City of Aspen, Pitk ln County, Colorado. ' ''x , /• In the event Maker defaults in LAe .perfor Bence of any of x I- - dt a ; *14IC. • d F'•r ....ewe.- .i .�Wra• •L.:aL 3-, t ete,44! Pt- 0 ?83 . . ,?(-7,- . r 1 'ate 1. !bus Note shall be governed as to validity, Int•rpret•- tion, construction, effect, and In all ether respects by the lawn and decisions of the State of Colorado. Rater understands end a agrees that the courts of the State of Colorado shall have subject sett•r jurisdiction to entertain any action brought to enforce or . collect upon this Note, and by execution hereof, Maker voluntarily ti. Submits to personal jurisdiction of the courts of the State of Colorado, Notwithstanding the place of execution hereof, Maker's residence or principal place of business, or the nature or scope of ,d- any activities or events which may have eccutted la ether states. ftovie-e, fowever , such jurisdiction shall not be exclusive end, •at - - " Its option, Payee or its assignee say romaenee such action in any r ether stete exercising concurrent jurisdiction. _ t S. A. This Note shell be assignable by Payee to any bond . . • ` ..LMq sit •et borlty,.' S. !►e isle:, endotsera, Sureties aird_quecantet`ro df this �A• . _ - mote:jointly sod severally waive presentment for payment, notice oT ton-payment; protest and notice of protest. _11 10. This Note Is secured by that rertein collateral assign- Neat and pledge of *transportation charge revenues' being coll•cttd by Rater fro. the operation of the Motel Jet oar •as set forth in - r ' P•ragrapi, P(c) of that eer tnln Planned Unit Uevvlupa^nt Agree• nt - ry Motel Jerome - Renovation and Addition dcted ", 1fI) and recorded In Book�t 7t at pogo of the Pltktn County, Colorado i k L t ; 1 t t ter ' 4 4 ., . . .. .t . . • ...t.i.i_._......e. .. a ' • � , a .•C� _ . fd .. i - - W euv 444 ar, p ?81 jr . .5 . : S ,• a %, F reel property records, all pertinent provisions of which P.O.D. -' ., '' ._ .1 M I,r•• n• :re Mr•by l•corporated Mrtin and mode • part Mr•of by •* } this t•fer•r.ce. ta1A toot and pair r•fer.. all M filled In •, - Dy Payee at S. tine thl• Iota is delis d out • ••cr to Pay... - `+ ts.cuted this 0 day o • • 1 3. */^-41 - MARE•, Cs' /J. /�.�.et-� ,-��r , 1 {,'4��'R e. 7: - i Ire. Gilmore JJ !�Y O S : lir r s V♦ r•. ?t s I Y _ ! L r 1 i a ! • •Y • :Gg A-:. - tr . 'v f" .f7• • to •• ..•• ) fy t. „ _ '. i)•o,Y r.w:- -.0,s34,.. 7: II . x(, l „1� y ,,,:a.TO•Ir V 4/14-7,_ -. .,t iztr) at W ; J o _ • s Zt E;� � = 1t11111T •A• , •444 'a'• 0 779 `k `r - 1 • �."fir t. Tae following I. • breakdown of 'attested cost• for construe- K� tion of luprov•••nta on the City right•-of-w•y •round the Motel• J•roa . The figure• •re 1117 dollars and •re g•ner•lly b••ed on ='1[ ='~+• e "' 1912 bids for City work, 1. Sidewalks, Curb and Cutter I`• •• • r" $.w w•lk• � hr Main Street a ' a ISO' 1 3.27•.f. • 1 5,040 Z.,. S leeker Street 4' a 300' 4 3.50/s.f. • 6,300 'Sj:;..=., x Monarch Street 4' a 120' 1 2.50/s.f. s 2,520 ,-.; 111 banged eldewalt ,. 20• a S' 1 3.50/s.f. • 510 - : a. ' •w`-^' ' Mew curbs • -r .: :z attn Street 300 1.t. 1 10.25/I.t. a 2.050 r.. •.. S leeker Street 30 1.f. s 10.25/1.t. s 301 Damped curb f- sl • z 40 I.f. I 10.2S/1.f. • 410 c „_ . f S Total sidewalk, curb and gutter - 117,111 �� h, F- te_ 2. Other Physical luprovnent• - . aS Water Sy•two - >. ' Coop•nsat-ion- to tie. in to Monarch St. 12• • - $ -2,TS0 ,j. - _ _furnish and 'install:t?'QV & VS .2 •a _ I coo `-" - - 1,700 1:., - furnish and install I• Cl S2 D.I. - - - _ pipe-2101 f 121/1.f.'. ■ - 1,720 _ . - t• c f tat I as. - 315 - - 4'-t1 52 D.I.- pipe=70'_ 1 24/1.t: ■ 450 -. - - 4• CV f'fI - 1 -u. 425 r•. - 1 4' tir• hydrant 1 in. - • 1,200 '- V plug and klckblock 1 ••• • - 125. -Sr.- I3,225 1 i..0 - - Contingency fees f 201 2,115 .•'..r... -.7 , e. Total water lino 515,570 _. ' _,.j.. Peet property pins• 000 -",_4.:`-‘,1. •Total other physical i. roveeents � a MY p 117,170 z 2 - �4 3. Landscaping / the eat lasted coat of landscaping in the right-of-w•y is ^ s` rt CITY Or &SEES a5-'a5;" rJ ♦f�. ENCIWErkli4: DEPARTMENT I .�1 n .iii ey ,. vQ =J/ �/ 3 Daniel A. pcArt hu ,. -..,.- City Engineer - 5w �' . P ix `� s . t{r,p Ki,. •'1"'w i. ' i' SA1, �y� V� 'A QIIn I�Z'S 4 r 'Lein *4 0 750 5 0 _ ? 50013 4 , ` . ,it;,/ r ~ A j lldXltb aft ptottOf'C T AQ1t OttaT LC V ►11a!l l ' ".'t rn..Acr; afc»eta ' pttl. 71w0.¢ - tt*DVATIO• AID ADDITION, j [6 flit I, 2 c) 1!113 f. • , o t I- II r 's r tilt A OfOtttm T, fade and entered into tat. day of i `;�'-:',- -. April, 1H) by and between the CITY 01 Al►a, CDi.0tADO, • manic!- r u i ;_ pal orporation and Ica-rale city (Nr.inaft•r referred to a c 'City.), and J001 P. QI1Jatt (b•r'einafter referred to as •Owner•). - :'ri.-_�1,,.�' t Lr. to r . f ', L.:" Y ; - P fla nd, Dater ►a submitted to the City 1« apgro.al, •seer +. k-. --r tier ad recordist a tied Planned aft De.eloP•ent (11.0.0•) Plat - as (►er.lsafter referred to as the •Plat•) pertaining to the tailop- r . 4 11 wont of a project mown se a. 'Potel J•rom. - ■encuatior. rse y .y , ' ~ / lhdditia• hereinafter referred to as the •pro .ct•) en a •f real property sore particularly described a tol tows u _ - r,.-, _ lets A, I, C. D, t, p, D, ■. I, D, r 7 _.°..• 0. t, s •ad the last 20 feet of Lot I, .. ? . ,.�, ,- T: t 6 Bloat », apetb with the tat 170.7 '1. feet of the vacated alley la said Sloe! I1, ,_- yCity CH feoa.ite of Aspen, Oast, of Pitkin. °': s + *neat. of Colorado; andt ''fe.-&t. � n conjunct fAs, the P.O.D. appl loot io par fl led in conjction wi th yr a appl intia for noon lsg of a portion of the above-A«cr1bed _ J" ) real property ad owl feat lone for Growth tan.g.sent Data lye[e. •. ,, t•GNP") erempt louts, end eclPe nr. Y - -I 1yf- 0.,, a} Y.: ° - _ -�yr tt'e�lp�_ = '5.-1. I 1 :a . 1• MAm444 /Et 0 751 =a t :rile' - } iftaiSI, the subject property is located •ithin an area of :Y. the City boned CC-Cowe•rcl•l fore (by •virtue of the above-refer- r_�;yti'� tr eared nsoning)s end ' iatniai, the City flu• fully considered said Plat, the pro- posed development and improvement of the land therein, and the burdens to be imposed upon other adjoining or neighboring proper- ' tie. and the downtown •area in g 1 by reason of the proposed F`r c development and improvement of land included in the Plat, and f iater.AS, the City, in considering the proposed development Site and proposed taprovementa, has, found and herby does find the _ followings the area of the proposed F.O.B. is substantially covered by • deteriorated and deteriorating building of historic f significances the development area has a faulty lot layout in L relation to adequacy, accessibility and as•fulneas, the develop- want ue. cont•!sa potentially unsafe conditions: the ds-••l op.ent - - i %'7area W •• site and_ improvements subject to further der tat anon - - * v - sales/ the.planned devfiopaant" is carried outs--and- S. development _ area contains conditions that potentially endeng-er life and pro- t� _ •f s d party by fire r other causes, and . . iSASA$, the City also has found and hereby does find that ' •M ••ni condition of the VELD. are. substantially is pairs the - _;.i= =;z?` L pre • cored Y D• - eoond growth and future potential economic health of the .unici- I r t. panty and is a potential menace to the public health, safety and _ - welfare unless the planned development is carried outs and 1 • 1 i'4.ti n ^- -_ 1 y-j ` it naJ } me, r se .1' , :s . • s v -_ if . . -,-,_4, : ? -.1-•: 1:--- 4,...,.. 4. • . .,-„ 1 AI , , .r .,,,... -,..-4.•.r_ „..--ci,.... -. a -- .- . c •..-tr-7,..-: ■ 14--.-:- lt....... II • ort.444 fv, 0 752 . ',t.1:-.1-c:1--ictt..)X--.- t :4-- . -..: -,17.wl,i = t• I • '. .. ---'- the City. in acme lderlsi tee proposed den lepace ■ :4.1•14: '4:"..{4.4%3M. site ad proposed laproemeent•• lam tours al hereby does fled the followings that the er•• et the proceed P.0.13. hoe • predict- N • ...op ot belldtege awed laprofieementm that ere dilapidated. desteri- I . -:'- -.- ff- ,:.E4 '■ ' • - crated end deterioratine• mg Inc sod obsolescent; ter area ban ea- I • - '': .. -: s -• ;-4.S.-2.1,-..-.1 I tint:g, : antis that potentially r lit. a- property by tire ad ether eons ad la presently. ern the tie, potentially Swirl- mesetal to peel le health, safety ad self are melee tie pl and dleralopmet Sc arried at, ad lj •-... .i...*. .."4.;:...71...-?: ::1-; .a.- -'- c..$01----'s (,..4, , 7. •^1: .3- 1t;41/41S . ‘.-.. 1.2-7 . I,''" - elSteitS•, the nomad dareelopmeet will el tals•te approrl- metstly thirty (34) parting spaces Ira the pert log Lot beta the -- s-- - -..1:41:::.;Y: =r1.5'f-:"FC-7.,=. Octal Jerre sad tram perking spoon along Slater ad Itel• - 1C11--"ifti4::27: Streets ad the On lomat* of /pp eta beet al y 73,•04 nate feet et a t.$ ?.i.."-,":"-;:::_tr:a1.1fIn esse ommercial an ad reseowstion et minim seer-stilt sed -Ss-. --, .. - - .---t- P it. ;t:. .. 2.: sermsettai apace will esogrete $11• Mead tot. Odd iti-4441 Perf3•4 410:- . ,' -4,-3 ' i _:".7- ethicTheatlelpet rip-roenete Is the local ire -*14,41ty..-st S. -ftE---4:P cfr-Tft"--,''f.:4,,-: - ... direelogesest ad alawters in the dtenton eras ma r,A 1 (,--f::.:....-;- -_- .. --- : - - L---- , 7- -1•11tatad. tee dontomes Aspen area le prearatly is aed et ... ,.....- ._< - Partin as loser Morel cal LaPrreinsts -ea tea propene *qv-slip- ,,4-' -% '4-L_Hr-::;;:" : - -"c-,..ert;- - - I -11-:S.:4.3--Ct!..ci",:i:it-r1:- ant win Se •iiteletraattly ad impermissibly to Own reed• it ° -'2-:""se- ':-$.-----.:-::e;--7:-.:,-.14.'• law Sat lepatat dose sot support sect Nam c.ipAsl larosasista y ad ,,,x;•Ja.t.'-s_ _ 3-1-‘4.• iI. 0 -,-.7 ...--r•-:, ' 1160t2.14, ta developsent (including the arelopeeet et a 1., -1-. 1--.•:'-'44 - I entempleted aed-ret,!el* municipal pa-tug sett-octet-a art awl fated imeasary rota lc iseryeasent a I la acts story to anent as setae .-I z; :;:e t., I --..." -- i-"..-.....t- al!mat, potent I al sl as condition, are associated rib'I c total ti,, $ ,..71.-*..-1--7-,1/4acx;:-.e_S: -- -- - 1,-;14.-‘A. 3 $ c . -7, _ --c % . . _ .. . . . ,. . -- I .:.-r_-::;.- 'Z.:Alt% I2 t o 'f:4 t r ;. r 753 _ j. ':-'-'.^!..,...: • , !F.. K "..471:1:1,:-.2-1.1.:': welfare and safety problems r *Eon.-dncribad, and, tl.refon, . 'jri ',V •. the City finds that it la la the public iat.nat to approve tie ..-f ' < r . r ` 3 proposed development and its assoc toted sunlclpal tapeow... ntsI C and t •-. '7.-- 21... _ atat&A3, the Owner stipulates and area to the toregoiag +' 3 t :Yyf 7,; tladlag• of the City and acknowledge. that W proposed M•lop- ♦ R. scent, the related municipal improvements and tb• pot•ntld blight - :i:,_-•- . ''."' :fir 4 and alms conditions are inextricably lnt•rnletedt a.d L.1s'Late. 1' j:�3 a .. i- . st=Fld• the City is willing to approve, recd• owl accept .-Vv/?3,j _ for recordation said plat spat tbe egr• aent of Owner to the set- .+:,;:',_.:..: ten bereleafter described, and subject to all the reoulremseta, "- tt terms and conditions of to City of aspen sabdi•i•lon and ►:0.0. „ ....i Min 10tiOra ace in effect and scot other law, role• and regale- _ �4. e-g F?ir_ - tiosa as are sr say become applicable, ad : it�n, at tit 2-has %apoiad..toad1tioat red- ceg.fessalat• is .1- a.� •. MaacTia`ri tL 1ta apprw al, aaaMt33o cad -sccept aiw foe choose- •� ''sq ,r, • ;5$ j & ' nor of the Hat, and euct attars ems. soCessary b protect, pro- . '�.,_ 2 tab- _ - S: - - sot. ad eabanos the public health, safety ad aI-fares ad _ ell - - - tsasag, rider the rthor-ity of Mctton PO-74(c) ad action r3i`�; ti r '. 14-4.1 it . of the tape Raai ei pa l�Cade, the- C1 tf is entitled �, � 44e7>-•••-.5.--7:4--,...•� to rsaranc• that the attars attars ber.l eafcar- agreed to will b tai tl- , $v ". • ' - tally pert orsed by Owner: and - 4 y, - y�°' s ..x lt*&AS, Owner is willing to enter into such agre.aent(a) Aj' -a+--'r_. with, ad to provide such assurance(•) to, the City. 4s, _ 7r • ■ 4 ., - �.. - .J _wy _ •_.• se .2I 0 a a r ,reap.. % '`�` •`t" i . *; , .y ;♦ l ` i_`i - _ Y ' 2C . t L" r , it 7 ry„+lr>iw •rn 4 ...w5 ar C_ ry . NA.444 Pit 0 7 51 k r. ; x:. y met ..1° J 11 soh, TmtAtPOet, in consideration of the praises, the mutual tat; *fie' ; le , covenants herein contained, and the approval, *eeeetice and scoop- Lance of the flat for recordation by the City, it 1• greed se s e r toiloap1 J K 1. •idwalk•, Curb and Cutter. Prior to the issuance of • ° ` `A r . Certificate of Occupancy for tb• Project, Owner shall construct li-9 < y sew sidewalks along the entire Project frontages en Rain, Monarch - N�'" � �;_ and Sleeker Streets• (S-foot •tniaum width m Main Street. 11--foot .`,-_- -A-,i-• t-'*. _ r slaloms width on Monarch and Sleeker r Street.). together with curb a;,` t-n 7-,'.1,7t.:•-77:47-.:1" n and gutter, all • reasonably determined by the City Sngiseer, In '%;;;.:.1_,--.-- accordance with the Landscape Plan submitted herewith, the appli- r cable provisions of Chapt•rs 1P and 20 of the Aspen Municipal ,, F x.:Y." pr"+ - Code, r sresd e, and accepted engineering standards and peso- .. r - .r tires. Pvrw Seas to ea• otiigetions, Owner shall repair or lei. - ,fi " rmPdcwsmy aetiet j�W'1or 'weir installed) al6ewalb-,_mimeo at r �+v i law flat be be taaq.d derlaq eoeatriretlon, lime turr+it sett - ,,e-`'1 "riiti - ; 4 .. sated echettl• aid cost. of math improvements is aetalsed SA ssbi- A y. . 4t� bit •A', mttaohed hereto and incorporated hereto by this refer- - ! r Fir. _ r, ace Swa coat estimate shall be updated d by the City Sag leeec . r ,. Sea Amin aetwliy 1pplise for • Suildleg. Permit_.for_tls Project mad Exhibit 'A' ab•11 be attended accordingly est that time. , •.^4.-:,::: -c .,r k t .t 2. Other Physical f ` Y rprovwnts. Prior to the !senate of • .Y.- r a ^p r Pert 1f Scat• of Dec upency for the Project, Owner shall prow ld• and ,,,-:r .Y . -:__. r '1't* Lintel' elect water lines and fire hydrants, sanitary awe{ lines, .„xr "-s+/,- / •tore dr•inage improvements and store rovers, and such other phy- - .r "=1; � 3� S i ` � X 1 • - . , t P .. 1_+ . i .r. J3. $:... A .,...4- . i a . T A 4 , r. Pie s ;;3 74r'.... Wr i ..-: • cal iosroveoents, r may W reasonably required pursuant to see • }t. , a tr t tion 10-14(0 of the Municipal Code, in connection with the Pro- re feet Mond according to normal City speelllcac tone, the schedule and �^ 3' :,• } cost ef which include, without limitation, those contained to , exhibit •A . Ouch cost estimate shall be updated by the City gfr� - P J t glmser when Own•r actually applies for • Building Permit for the Project and exhibit •A• aha11 be amended accordingly at that time S.• nd _x the current estimated cost of such improvements does sot Laclede waver Mad wive tape, plant !••• tment ha sad related ,' " ?-: T = an tea, which will be calculated and paid prior to la•aoe of • Balldtng Permit according to the then-stand•rd practices ad • charges of the Myer district and water dep•rta•nt. r - - •••;: 1. j.aM•caping Improvements. In accordanoa with Section 4. • r 14-6.16 of the Municipal Code, all required landscaping Wall sub- _ •tattally 'onion to the •Land-scape Plan• amend• to the flat at ` o- d -;. .1 °lmadcprratat lttreta_-by referenesr.wiltb Wow. t0e--ssliit- ad too.- "-+" --.-0±-.. + N ties se at planti materials and other lad•oaps- teatera, flower l - ' amd abrab-bed definition, proposed plant mat oriel mature at - � �` `•F t ' , v .i� .. - Is appropriat• relation to'scale, species.and ;Ise of as lot IrW ! 5 -r.• _. . _ "`pleat a tertalr propoae0. treatment of a1I- g rswM surf It,l• . , Z Y- y � _ - partial, tort,-gravel, etc.), location of water outlets, sad • l - plant material, schedule with common arid- botanical-nose., wises and " - l �'_ s `- quantities. Landscaping will be completed in a logical ppwirp ;, '". aegis ace oommesaur a t a with the phasing of the 1,•proveoents cent•►- - 1 - plated in the Construct ton schedule, but in no event later than Y Yom ., r. 6 { a . I Vii, , , r f.a:. u:•444 /.. o 756 - :> - L one (1) year attar the• date of the Certificate of Occupancy for 'f f`3" p_<•� ta the Project. The current sst lasted coat of such landscaping ■ . i l rtla- laprov•••nt• it agreed by the City trpine•r to be 110,000.00. !4-t- l'!.,.p..: a .,, i Such cost estimate •shall be updated by the City engineer when - r Owner actually appl le• for • building P•r•it for the Project and F. ra= L{ i' tahibit ••• shall be amended accordingly at that time. It Is the i' _ , y' fmutual understanding of the parties that • Certificate of Deco- ` Y a,„'y y I panty say issue for the Project even though the landscaping r ,. lyrr improvements have not yet been completed, o long as the portion �,, -:y i ti r_, of tie guaranty provided for in Paragraph S here)! which covers - • 27.::-:-‘4•4•47:%•41,-- •--.x `• fi the estimated wit of meA unfinished landeesplrtg rota tn• avail- _ . a_ I able pursuant to the t•rms of •said Paragraph S. t 4. Construction Schedule. Owner represents to City that an ; •ccurat• construction schedule cannot be outwitted at this time 41^ Owner anticipates that construction of the Project will commence _ - + . m . • so later than August of 1l1S amt ere completed no later- than Oaear .... .r...4---"...>"""-'-'' ._ a _ bet of lost Pao; to tin -issuance.of a_tut l ling Pirfit for the .n- ' n . IT - Project and es a condition precedent thereto. Owner press to pre- =y ” 1 -_ wide the. City. engineering Department with a detailed construction - ��}- s an (Schedule, to the -satisfaction of, the City engineer d-Chief *' building Official, which Mull particularl-y address "how construe- - r Er _ t[m phasing and other techniques will best •ccoemodate under the > '.tt't elrc tat•t inn■ (a) barricading and D ro•ielon of pedestrian pcot ec- - ' `•z, z*- non, (b) excavation access and large truck traffic. and staging le) delivery and •tor•ge of major mat•rials', 141 con•truc- -'s3�r��z..y..Say 9 C 7 1 YY r. . •,i. � i l c. ar - r !. - 1 r mamma .' ,. r -` . F7i mt '} _ t::k- .•.fir � M +O; ` a }s-.' h s' , ' wk r:' .✓awe pr 7:1,:;4 K� ti� 1: ._ ti �i�r ♦ •. tion equipment access and •torag•, and (•) contractor vehicle ixr l =! '.�: w.� .:.;. parking. Such construction schedule e •h•ll be verified by the - `=�-R-3...±. fi �.1- i •signatures• of N! City tnglnelr and the• Chief building Official• '' :_ and recorded as a suppleaent•ry inhibit hereto. Amendments to the rir l:''.•-1.-;:...•- .. construction schedule, if an shall be "'•'4`'-41 Y. processed In the Project , e. :�>g-^�,.-. Review process established In Paragraph IC hereof, verified by ' S'o„r v •ign•tur•• of the City tngineer and Chief Building officl•l, and 'it..., ^:t 't•'.t, y 1 recorded a supplewnt any inhibits hereto. 4, 47 i S. tnanclal Assurances. In order to secure the perform v^ ' '', `- . V it mance of the Construction and installation of the improvesents X ri e i ' 0, described In Paragraph I, 2 and I above, and to guarantee one bun- drad percent (looa) of the current estluted cost of such fsp cove- ,a °•-- z amts *greed by the City agln•er to be 143,0511.00 ( • such amount _ I fi r` t may be updated from tine to time r berets provided), Owner shell - • 4 _ :::-,- 7-- ;•- - _ - quaraLee, by sight duct-=or- letter -of ooemltment or.crispCros•• 4 .. z "4 tlaantially tespodalhla tinder (sithat at-0Uth--.t0.5i }' srocable -�k, +a y1 . until such con•truction is completed), that funds in the amount of aL at` TY -1( • such estimated cost •are held by it for the •coount of Amer for :r • I, the construction and Installation of the above-d•scribed 1 - ' M1i�d 1r•' !y tents. Said guaranty •h•11- be delivered to Chi City prior to the - e, ""'"m - - - issuance to Owner of • building perait for the Project, shall be :t s� y ' in • ton acceptable to the City Attorney and the City Manager, ''''‘.'n1.17::4:::: and obeli 9l•• the City the• unconditional right, upon default by •7.•4, '1R ;a:'` tee Oer, to withdrsv funds upon demand to partially or fully ; � � m coaplete and/or pay for any of such improvements or 3. . �: Y aP pay any out- i x¢>�� �.y'r Sti: t S'.i t J .n ! ■ .Y C� • ♦ f♦�� - t T .a. • 's'.----.;- s > , s . . fii.e . . ,, ` 1 d `_ 4� t¢. K, o 758 y c : hl-, standing bill* for work don• thereon by any party, with any aeas ' r a �y_yT�f s '_ `k9 y • guaranty funds •ppl icabl• to additional administrative or legal 1'44,5'4., • costs associated with any such default and the repair of any rft • `;r.`.+>. <' W e deterioration in improvements already constructed. As portions of - 3 ,a . the required Improvements are completed, the City Ohgin•er shall f7Y. t r 1.--- naafi inspect them, and upon approval and written •ccept•no•, he shall ss a 4, -a _ • a • Ztt. .laws authorise the release troa the guaranty delivered by Owner of the -. rZ °"i.fi.45i ty :. L agreed estimated coat for that portion of the tmpr.r•a•nts except 4'.*; rrt nit ten percent ;mu of the estimated cost shall be withheld 4 -EC':• until all proposed Improvements are completed and approved by the ,.l;a r City Gpineer. Provided, that the withh::d tan percent ligt) "' yF h . , Pre r Mich relates to the improvements described in Paragraphs 1 and I ,Y -- above ab•11 be released by City upon completion and approval. ey -*'•V° '.. the City Engineer ot__•ll such Paragraph. I and 2 improwasnnts and - - _ "(','} - • • , - ..-.. - .R alt.,, 4 4- - s. regardless of U• staye_vi ..coipi•tion o( landscape kap grsmlints _r: N,p r 7 c - - --y .. . Desciibed 2n Paragraph 3 above. 4-... r� — the Owner also agree to deliver to the City,-epon des and Yrr " .therefor by the City Engineer, • ••int•nance bond or other suit- - lb �* ^us � ,..- _ able guarantee, for U• repair or repl ace-scM of any existing surf, r ry""a i• cipal ispprov•ments damped during construction of he. £..prove- tom 4, ! •'' menu. - 4 d c t t s ' 4 rurth•rsor•, Owner herby agrees to and does hereby warranty all such improvements to accepted standards of good workmanship ^ 13 for • period of one (1) year trot and after acceptance th•:eot in ::::"";,44--V-1-2....‘.---- y writing by the City. in addition. to this warranty, the Owner '1. 1- r- F" } .}2_ • `:ice t 4 k1-: ►: . 'vc j^ r. • 4 • 4 jzk 1 fl tipll' i- . Si. -. ■ J . se; - __ . - :4. .) '' — - 2...t...a.4.,a74.- t ., ,,,-..- - 7-p,..::.% Ete 444 ,. • su 0 759 ff.- 11 . % intnia: . :1T : r.---r I ,.. .11--•” i. : . shall obtain from his contractors costomary warranties of good 'el* -,. - ^ wortaanship with the City as beneficiary, with respect to ill : =4: :1'..7- 2, • 1 •,.. improvements required by foregraphs 1, 3 and 3. Ix ' •-• :.i.."._.L.‘"..1, It la the •spr•es wsd•r•tanding of the parties that the pro- I . . yi „^tit'o.ti:-..• .- ceder. set forth in Paragraph 13 of this (kgreement regarding mon- • 'I ":4 1 • t-' . compliance shall not be required with respect to the enforcement ' ,f . "4-ni .1- .- "..... ....--;--. and taplement•tion of the :thane's' es•urances set forth herein • i7...77i . , .. and required by liet-tiem 30-14(c) of the Municipal Code. . # 17.7 .,- -.1' '-"it":■ - g. itaplayme Sousing. ha an !Mut...sent to the City to •._ appro.* the P.O.D.. Owner has agreed to and goes hereby meteor- .1 44 11 1: -- • r-c7X•"--•"' _-4"-- _ ; _". ledge his obligation to provide nineteen (it) 'employee housing* -:_tt "'-.--..*: 40,•, - : Is amereces a described herein and defined by the Cod• awed regula- - " .-_,A-,...;-;,..:. l',1 --7= that* of the City of Aspen or its designee, in connect ton With the - pi"' z":.- r...• *I-- Note' Project, IP r low to-tha_l_tsuanos of a Corti fl cots'of Door. • 14■1.17 ',..: -71-" 7.11' i r 7-_ , - _- - 2- - ' - -r : -• '' - --- 1-'.' 1 t% it...dt 0._ teary tag .u-w-Profeict, sad as • condition rittedent thereto, Otter • ;.. 2.---I:',..$1-r-...-1") • t ' 4 ::;:::. ,-.•_..--,.. :71-41 agrees to and shall provide for as by Rotel employees a minimum s 1:tf,-AC.- - :sz-i-T-C-- * of fifteen (IS) off-site employee iseriror.as, deed restricted to 11vt-1" City esployee-housieg rental and sale pricy, gnat tricot lona and It tvii...yitif.a.,-*—:::.; f- i . •- - - -7. -7 _tg-Tilifitri:V '. _ r . otespancy guid•llteit in •f f eat at the time much bedroom. are so t-,--...-,r•irr---•fl. 1 provided, which bedrooms shall be in income categories, sires, %A il?..7-f—IiIiirr,,H;t:" cosfigurstione (tattoding facilities and amenities) end loco- ( t10&(•) as may be acceptable to th e City (or it., designee, which I • ,W-_,,,.:,'t_ -; a-, may be the isapenflitkin Sousing Authority), by con•tructirog Von deed restricted units or by purchasing existing free market units - t:: t-r .- . ,_-• and converting thou to deed restricted •maployee housing status. -v=•-•-t.or---,-.• i -1.:.--c- : - • 4.....:?-1-:,1 • -.4t - 10 , .. — • P1 ■ % 1-t. - , -* 3 . 1 7 -.:,•:,7.,-5..i.::-- 1 t 1 _ 4. 1 Y 1rf i.Sj. 's....{^ _ ... .'I �='i.• U .tt', .p 4 a r.SKr 11; "t•I - . i.t _,cta y.'s44.. 'P` 1 w J ' t -,� r _r r ": -' r r . .. 't bier , Z h • ° Y C w7 Kt, _ r t ,Fop 760 le- Provided, that the Owner shall ham tie itsht in biters to oabeti- � - s+ _ • r [ - s =L tat. other off-site employs. bedrooae for some or •11 of the tit- E- s ' - r ,.r c teen (IS) off-sit• bedrooms initially provided r above required, •-,. - r so loess as (t) the loco t1on, •1 as and eon ficuratlon of ouch sat.- i 3- Y of lt•te bedroom is acre pt ail• to the City or Its ds.ls see, (il) f ; t � ‘-,'-t%-..:.:: 1-.;.;4.-::,•:,-.-• 1 3 4 Se,/ th• atalo a nuabe, of scoeptebls employs. bedrooms required by tit w ;yf 4' -- v.;t-r- this Peryraph t remise orailable at all time., and (Ili) the re . -:r.=a-• ,`-, a1�-F Saar doed restrltttsee are imposed V d r ftr w F •Do won the •abet ttete *alts prior e� - "` to et-et-panty at th• substitute an Its. Opon the comp h et ion of meth - t ---„,�' -. z;',' . a 4 sobs tltatIon as sbove required, the City shall release the deed tdc-c, € ,. i 7 iv restrictions apoe those off-s1t• bedroom wit lch ha e• been replaced - 4t it � f with sabot itut• bedrooms. a:_:_ >- - - In add 1t ion to the fl(trim 1131 off-alt• asp lays. badrooaa, x- - i Ovbas• shall-aro•idia,, prioi to-the lasuwano. et-r Cert1f iris rs st 3 a , )' Oocapamcy for the ►rOifet and r a wad Itioa precedes). hereto. i ,t + x• r tour '(a) cow on•et es*tr Ictsd oo-aits alp'oyes bed room w1'th is the �«,,,,�a : Project Its.l t, sect of eh1eh bedrooms ahell be at Iesst 1 S a+ 3 ' ,agaars test in si se and shall be used solely by Rots! map loyei., X r"• �Aiil ad Mall del leer to the City en appropriate written am en ant _f; �. ' }} oe••tLin sort bed roosts in a fore approved by the C1ty Attorney and : 1 ‘ • a accept bbl. for recording 1'should the Owner secure sot• than fif- • " - �-t ._ '4 teen (13) off-•l a employs. bedrooms, Owner's on-site employee t. , -• ;-„ _ . - ! bedroom raga I ream t eha11 be red ucod exactly by the •+mbar .of off- 'M1- r . site units in excess of fifteen (15). c '-.,*"k r �2 c iss ,W. a•:: r 11 • t -j4 i.}. , 1 x 7• 1- T- er .. .. rt p:`-.,-.1.- `::. :-. --fp -. -.....-a.-.-.... ....-rte ,c k'. •A. •e p • ;.' !•r.•444 K. a 761 r' tt _ mould N• Owner, at the• time of the Certificate of Occupancy for the Project, not have provided all of the required 1S off-site -h; , c ms t , . employee housing bedroom, he Midi, prior to the issuance of the :- > 3r . r,'" ^. Certiflcete of Occupancy and r • condition precedent thereto, •` covenant-restrict that number of bedrooms within the Project r seceu•ry to cover any shortfall in the off-mite housing '� nq requln- sent•, which temporary restricted bedrooms must not the ease City - :r employee housing guidelines as Am•r's off-sit• housing would have I -[ been required to meet under the t•rms hereof, and which temporary " 3 ..n restricted bedrooms •hall th•rsstter be released from said cove- y :-, seats when Center does provide the required number of off-sit• `-' e• eleyee beefless in the unmet above required. a I The deed restriction and covenant restriction and talons - fora •shall• be approved as to fore by the City Attorney prior to "!..::=-. : - recordation. 7. Oft-alt•' Parking. A condition of the approvals granted 4 - -. herein-and_hergwfth,l.•'the requLrsent that the Ow-nn-provide itr - eft-mite perking spaces In meet ton vit•17,`the Project. Thus, r % 4 4 '.t a condition of the approvals granted herein end-herewith. Owner parking spaces in connection with agrees to provide CO i0 off-�fT• rt °a-. - the Project in the tanner beretnaf:er described. Owner -agrees. to * :. participate with th City in 'the financing, design, construction, r -` µ - .. tl _ • . - operation=and uint•nance (including necessary capital •rpendi- _ tures) of • 400-vehicle parking structure on N• Rio Grande• pro- Party, to the ertent of CO spaces for Motel guests and employees. 12 r r. -T1 1. t x„' •, i • r r 41. s _ ..;:t: t ,a: a cx S . !+' a M r4y4.;. ! 4•E • =i ■ W.ttt fa-1 o 7 i 2 t; ' f ^,y ., y At such time as the City undertakes the construction of this -f i t atructur•, Owner shall and hereby altos to particlpst• propor- ( tionat•ly (based an the need for d0 specs) In the financing, 'a a; ` design. construction, operation and maintenance (tncludirp noes- airy oaplt•l expenditures) of the parking garage aspect thereof, , ,r, such financial participation to be in the fors desrrib•d belay. _° ?^. , (A) Owner's proportionate• • Mare of the cost of constru iinq t .`' , the parking structure shall be d•t•rsined by multiplying • fear r h «.i'F titan, the ntla•rator of rich is d0 and N• denominator of which is _ X~'- �-_ ?-- .- �. .:.1. the tot•1 nutter of parking spaces to be constructed, times the 47:-" -. X` ��•` -- 'Wr portion of the total construction coat •'"' �'k.' ((Including ff Mnci% oats ,_ r; Via. (Snelud Snf capitalised interest On bonds, 't `^ - fund• end bond• .4:;...a.;-,e._,.. � -Issuance meal y design, pre-construction and construction costs)) which Is directly related to the parking garage aspect of such r _ e i structure. Omar shall and Mr•Dy agrees to fin•nce and pew for d lust share of the construction cost and to evidence and secure _ • sect Obllgatl'on in _the. tollowing NnRe r1 " ._. -.42": ` ° tar ` PO- later "thar etaty (40) ayl riii-lowing the (sau- " :,:-- x 3z:_: ' - i• _ - ante of • building.•Permit for :construction of the Rotel Pro- 10. `-'-' ;: , _ -ject •Rich is the subject of this Agreeent. Owner stall l� ' deliver to the City in the fora of cash or certified -funds - _ s -c� I"- the st: eC On. lundr•d Thousand Dollars (9100,000,0-0) .a • down payment on such share. If no building Petit for a ■ nth parting garage has been noun prior to the dace of this '—' : ,_ sown ps yeent, the City shall - 'k ' y promptly secrete such funds in an - interest bearing account with all interest• • earned thereon to f "''. : accrue to the credit of owner and be applied to the• balance K,c :._—' of Owner's share' in calculating the aauaxaaasunauaucuaa,r, t �.,�}'r ';' ``rt' 11ai Kl m• Zk"Sc _r a • - V ,4Th:,..-::::;...1X. f e' '& t i ms µ, k 3 ^ 3. 1! N .y '''."/Y:=.:' ri,42 3 ' i i. sw—.r ZN , tag '. P:,444 t:, 763 t� ;� '.. ,>t --<. u .~ 'r ' .r .or1 f inal princlpal amount of N• below-described Promissory ���> ;;��? S�, : e i'. `tore lent(( the date of ls•u•noe of • building ►snit for the a I:fA tw ;:- parting structure, on eR,leh Sate• this worn„ snail C. tarsi- +' "..3 -=` d'...:!,-.. f r sated an.. all funds remaining therein Mall be delivered to it •' ..'yam x 9 ... 4 a .. the City. '•'' 1 " Purther in consideration of Owner'• agreement here- E • 't � . ?,, 1 le to participate (and Owner's' actual pan lcipatloa) in the 1 .:.c' -,ws : `•wet of the financing, design, construction, operation and er?c .a` `Yxi I ct maintenance (including secesa•ry capital 'expenditures) of • � � . , . _ w zieipal parties aersetun, City agrees that it • Cartier- .7 ,.,.:'` ::T ' cat• of Occupancy to issued for the tsotel Project before • s ' �_ -7:-.y.-.:Lit.-.7 F'�-. j Certificate of Occupancy is, Issued for the parting structure, x"S�' Ste++ 'Ft ' -. -a:- _ the City shall provide int•ria parking in the folio/rig San- rL s js'^ - ' - C tar' F 2° 7: i i) Teo City shall in the interls, if by, - I, w ..} j n b•tuac the occupsaney ot•t.b hots. end tls eoeuPmecy Of - 4s .. i I t 1 Ae -2,-.J=.-,- fl ` 1 the parting garage provide. for Ownir's w fed eperat iom - �- .. fifteen (15) designated parking spaces at the sainting e &-' > 110 Grande lot and forty-five (45) •nasaigaed yeas 1. _« > i - r4 at the •rioting Golf Course lot. - !'be right to ear soch.. . upsets• Wall *spire upon the issuance of a Certificate Y f a f of Occupancy for the aho•e-r•f•r•nced parting garage. T i Y } Tao right to any spaces in the Rio Grande lot after the , - issuanet of a building permit for the parking garage I1 'i • shall be subject to availability, With may he Rafted I ,• wrt -:•$.‘41.'"... ' - Js • • 1a ` ffE • •: - i `. a 9 ,- {S x ax . , .,� r, Y.� tF�P+.F. �`s' t r r. 444 n:u o761 ....rite } • ' , zr by onnatructlon of the parking •srMe, and City shah - SI• • '- �,."� up at the Golf Course lot any mutt • msl• y Was which are• • . ^r't '-"-1�-�.�t lost from U• Rio Greeds lot . During such interim • It: 2 r; ..i �3' • �r" 3 .1L tr„ period, Owner shell• M r•aponslbl• for maintaining ado- -• • ,?.' „^y:- - T :sA+x .,s Ou•t• liability insuranoe Doering all such spaces and ' '..,14....r.::::.•.:<•‘:. p yy for the operation of all ouch spaces and for the Koraq• -f. ..- �r�,,,t,�,•_ and retrieval of the Golf Course lot vehicles and/or f ;• $4'a' A �. J - •Y passengers and hotel guests and for the supervision of i ;`t.. ' '- :; 441. n Rot•1 vehicles in the Rio Grande lot by tatev•r adein- , r.'- . K latratly means (•.q. shuttle buses, etc•I Owner deems - - yes =` appropriate. City tall, lovever, S responsible for .�: --$7•.-y ^ . y taepla Ls possessory portions of both.lots clear of - t -e'<_, v Inc.. Owner shall and hereby dose indemnify City Pros -' and palest My and all claims or liabilities for par- -2 :-...441te. •onal injury or property .F_.r Y dsaaq• arising out of Owner k .g - , • -tae of such parking spates except those claims caused by ''-�% City's negligence or intentional acts, - ° r fir ... - _ . -t1.14 Then-rental firkat Palls -or the_.a ixty 01 A.5". _ - spates is stipulated to be $2,512.10 per month sus - `.:,#, vales based on present monthly-that for parking spas _ ' c t4 ...4A . I nnUl within t.D•-City of Aspen at i7S.00 for downtown _ - a; wes and $37.5.0 for non downtown spacers), - �• _-« r ' t x -- (ill) During any -period prior to the issuance of s ) r �'t-�,4' • ,: ' building Permit for the parking •trocture that the Owner , T. -;.. " ' 'f' ''is using the City-provided parking apace., the City + ,r•_r 1 1 ' • r t w T S _ rts� L I 15 'K •, ! iii..( 'te r+` E zr:' . 1 y Pi { ` i z r j'1 44,-;:r; IIIIP RJti i41 T wrTYy etc' .2 �7 Z y., rxv - O ��� ,ems • .. . , q,,a .F a �t {x '411- obell erne from the escrow account the amount of 'a • tam i-i` W6v3' 1),1)1.50 per month in compensation for the •l lowed use 2'•1:±t=":; ;.'" 4 .' t y i` of the silty (60) spaces. :�`', s -' z ,� �: (iv) Pros and after th• dat• of issuance of a ,• lc a •building Permit for the parting structure (and if such ' Permit is issued within 2 years of the issuance of a 6:! .1: Certificate of Occupancy for the Rote! as provides in - x '+ • ti .: Paragraph 7(A)(•) hereof), the delivery to thy City of r :" .5 ill,Y the escrowed dornpayment fund• and Promissory Note shall ( t;?7 �`ltrk be dewed �spensat ion in full tot amt further tame '12E'; .t-.� � ` Y by 'a t".„..-.--"t,.. .- ; - Deter of the 60 interim parking ..- . . <'r-,-- W ng spaces, •rd •11 amount• 334-3-:.,;..-•• previous ly withdrawn• froe the "arrow shall be credited - -. c r.,.-._ back to Owner in determining the 'balance of Owner's ,_,; A„g, e• s C share' for purposes of calculating the principal amount '..,,•:-.4.C.-; x of the.Prom/s•ory Rote described in paragraph -7(etlli - �. i+. . _ y (•) The *balance oI Owner's Wire' shall be represented a..r! i. ? '� .� • •.tee ' py Ornet'a Proalsaory-Rote to the City as.bolder which tote '.1,2.-;k-4:-:...- - . shall be dated, executed end deposited. into escrow with the ;' - _. - - -- - � �i fi. r�r tit _ City y -aa of the date of execution of this Agre"aent-by all c- -w;' - -- . - - parties ber.to. The Note shall be delivered out of escrow to > • '�'- • rJ the City and become • d•bt (l.•. its 'eCCectfti d•tes shall - - `"''*• be) on the date of the issuance of • building permit for the • : !*• ;"';l1[- :'" yR construction of the parking garage or 60 days renewing the ' date of issuance of • 'Wilding Peraft for the Rote! Project. . . 4+1', ' - whichever date occurs later. The Rot• shall be in • fors `' K ^Y't x •72 � y'��.. s identic•l to that attached beret° Y axlll Rl RR1Al[L[1A411111GR11 • 16 • r 1r } ; t -.7 •" ::. 1 w ec'444 R' o i66 4 A eA e'ir- "s t•h(bit •s' and baring •lapl• !m•rest (which Interest• rate ';pe- may be ••rl•ble) •at the acme interest t•t•(•) Si the City'• s i (or other issuing authority's) Fond lieu• rate(s) wmd•r ` h cF `x.`,.. --. Paragraph • hereof and reciting an 1st default interest• rote, �f°' ss,.`` � ` and payable in consecutive•• monthly installm•nts of principal .. ;_�4 A is and interest in such amounts as •are• necessary to oov•r .,, _ - °rf `'�.• , Iprincipal of, redemption premiums, if any, and interest on the Clt y'•• (or other issuing •uthori ty's) bandit) (including 'Cr F.L�n r 9r a-. -m"s"s" t p refunding beadle/ fit any), and other obligations of the (i� t .; y r issuer pursuant to the bond ordinance, resolution, or -k` ` , t' s ..'ti„ indenture and over the tame period of time r the City's (or :y,4-F-,y*'-,r,:. x" ..,G other issuing authority's) bandit) (including refunding �' �'r4' •` ✓tf i bond(•)) under Paragraph • hereof, commencing dt the first -,_,"r.-4€"c,f_'' ' day of t!e calendar month following the month in which the u rote i• delivered with all remaining principal and accrued F-;_,_,_.:'f- ;`4CE72 :, interest Wing dui and payable with the final monthly ,(rr Tim;.. payment. To the •tt•nt permitted by the bond issuing i� .•Y '• authority and •ub3•ct to such limitations and requirements as ` xr ': _say be imposed by such_authority at the time of the issuanc'. ) i oT tba -bos44eL a it'd:No te Miff be prepayable- in spy amount -K ,' j,' , any tine,and from time to time without - ..�' _- penalty or-ratite int! 1?} '"' i ' - Mall be a•._igpabl• by City to any bmod issuing authority. -'-• (c 1 N security for said mote, Owner hereby covenants r., z iv - and press that from and after the date of delivery to the ` - - .`4 'a`- a s:,. City of said ate, and continuing for •o long Si any portion Fy,G « - a --. - of said tot• ramalnc unpaid, Own•r shall collect r part of : -x- �r - vs the daily room rental r•t• for •all rental roe/ at the aot•i -.}-.=2:,.,- - sot deed-restricted to employee housing a •transportation• '* x .,.,"vt e J . 17 _ S- c F ¢4¢. G/. a n r S t t .xL , i,. ., •. c:` I •-a , rf' 967 p,e.:.' : ' ,_ . . x...444 rs 0 5 y.;-'M t ; charge' in the ■tnieu. amount of $5.00 per day on every coo• mac,;.+=6 4 Y '• rental, and shall maintain • separate and accurate• • accounting ' 1( .,.. ':1 k a o,t ' of the revenues generated ther•by. Owner shall and Mr•by --55,,..F >• .try_. s assigns and pledges to City ouch transportation charge _ v- ' revenue. as collateral for Own•r'• performance of his Pros's- '`f r-.,^..`, wry Mote obligation. and ogress to resit to the City •each .1 • � _}G , _ . rti - month the portion of such transportation charge revenues I • .M. meceteary to retire that month's Mott installment• obligation. - ,,; tt ' So long as any portion of said Mote• remains unpaid, Owner ' y i i-`,s. shall maintain • 'transportation revenues reserve amount' in �o. -ii,~ , . _r • responsible boatiog institution containing sufficient funds , r-4X.3 .. to pay one (11 menttly Mote 1n•t•IL•nt obligation in advance, but shall otherwise be free to utilise such other r;it,•# to transportation chirp(' revenue, for his own purpose. unites -'- x r LS _ • and until such time as City find• it necessary to exercise - - ,Y-..c t:!-7-4,-- -(--."':- ,r. '' t its collateral pled,* tights In the event of Owner's default ' ,`�-- in the obligations, gr[OnaAq Of h1asCOS7.4o[y Mott .'jti - ' -- the"oemat Owner .b•ll net be late In - .. - & -d' -"- i. _ =installment obligation to. the City, the City shirll bays the z-,- right to demand that Owner increase tilt amount bald In such •sae ' r ". ,. _ _ reserve account. to cover throe (1) monthly_lot• installment - t _ "` - ''s.- _ tYr f --. - _oolig•tiona in advance. Owner -proms to coetply with s 'Such - r desand and thereafter to maintain the ns•rve account at the i.F- -- - _ c , I three (3) month level. City shall have the right to tre,ln• 7i,'- .c 1 all record• necessary y to audit the [r•n•port•tlpn.charge 4 �,q '{°a t K fi )I 1ti'`•' ' f f ti c 7 sf a _ •, 3yx h4 S v t` 4;e.'}'� -- 1 •�� - „ (, . ..-7 rs^�' -t emu: y'Y\ , accounting and the related re•erv• account •at any reasonable {y.rl; v 4iPc* t. time or ti••s. The foregoing pledge •h•ll be a•atgnable by . � A ! City to any bond issuing authority. • : tt, -- (d) Owner further agrees that the subject Promissory (- ~`" (> t Mot• shall contain • provision to the• affect that In the >•t,.' �-::• x event that controlling interest• •• in the Motel Project is _ transferred from John P. Gilmore to a third person or persons 4 : g....•_ : -- ,'. r ; 4N!V CSC • (by sere, foreclosure, ope ra[1or. of law, or otherwise), Mlle • f -,. ,tom, 1` old Rote resoling unpaid, the City shall haw the right (b�•. 4£' -.- not the obligation) to declare the entire raa•1a1M balance . + v ( of said Mote isedlately eve and payable as Sf the etfeetie• i date of such transfer. • =1 �A s i (•) Should the City fail to obtain a Wilding Permit #,• ' .. r for the construction of a parking structure within twc years => tr r ` n .'Tr:of the issuance of • certificate of occupancy for the taster - : % - .: , :v - _ - 1!'ro}ect, Owner ana-il have tbi ctght •rd opt.ieh to Siktiaent - - an alternative plan for the provision of the required 6Q _- . ;t 9� - -. parking space*, or to demand that the:City negotiate, in good - vita iik .- , _ _4,A i F - faith, a long term lease (no lass than 15 years) for the 40 • 3 t• .1 -' z - parking spots on the Rio Grande and Golf Course Parting tots. 5= e- 'Y m . In this event, any balance in the funds es.-owd pursuant" to t z-«t Iu Paragraph 7(t) (•) M i l (being principal plus accrued Inter-l. e •*- +. ;rz j t c eat ■loos monthly rental payments Buda) shall be credited to ,, , Owner in any new lease •rrangsent or refunded to hia if an t. 'a '-' • ' . altern•t ive parting plan is adopted, and in •lther dam the i ° ' r i ' �Y r• ki a . • r ^R- lY ' --" :may `h. l L I IIIIP - •`'Tx.- J.11' i 71 cy}i,re S j" ;:.; tai x • a - i ( -- is .AM-i-f nitro-y.4 ►roalnnry lint. ,hall a r.L t llv.r•e to re eat- -_` :. r %-""-f'a 3Y i (I) in addition, Owner Mall he r•.pn.lble for MO repot- �. •°� T `: ' ! y .crt � tlonat. Maro of the annual coats, croons'', and y •nital la ., Ya4tr''. _" T r,I' •ap.ndIt•r•• of Oyer atIi , uletalnlna all tap.1rhi the p•r11rq ♦ _ - w a get p. aap.et of the parking sorry •tructur• follewring fee •w- ( _' ,.. - z �- t r pie-lion. Owner Mrety furth•r beeline and pl•MO•. ante City the ' 2 r'utv:,•-r. . stir a+rapatt at len e'hng.• r•venue/ eel lotted Eros 11n to thee by T o Orrn.r pursuant to ►nags,`. 71111k I above as solln.ral for .4.)„.-f---'t`,,Se- . 1,r'..• Otn.r'• perfor•ane• at Ala oh)ignlan to pay • proportionate share '''--4.----,..4...145:::,.,r.,,.' .'`: 1 10-- - .- 2, +l •f etch annoN over utor.7- talitt•nanr. and eptlr gone Apea.N f�4 ..v°., HA M•nany tarttol Npose1Itm••. Tor ftrageim pledge shall be i _ } c Malgsatle by Vie City to any gasp♦ or•ret log uthorley, .�r '.r ' : (C) is ar eid moor of the nog a-too rr1 bad llnantI al pre tl- • •frnIon and aub•.qu.nt operational sett v'ar It", Orrwr Dail 0. _ % .� � -x. '`, Mt Ott lid to the perpetual tee ant Myoynt d • Apt Siaet of M1 * y - 1 r " ,r . a- 4sty Pealpatfnf apic .1 Set the radar., he, of nii _Iaa. - • i... - - . - - Aeal• ta. nip-Yns It appropriate so a e•Miseialtalai" the pack's, '' ` Preen is the p•rkiq tltraetvre, city shall Ind to Adler bit.#41 ,r ,F ' - flan tog,tb r liftable prepay t!emote trtdlvtIve Inner la i µ1 ` _ "np.ttanant !natal arson ,l font a„ yT4 4 ' - S. - 'Jut inrJ:4ns lino?r1M infi r 1litttilll p•volMteRt • > -_ 1 .r-xu � tend Il•oewcln, Owner /hall one Mr.ty •one,Ma to the lily'• fa • F e 1 i I , 2 ti w ii e r , 1M 1 �' ..•fh 'i Ys.. Y'vet e f.+4 ':rr4t n�c•t -A :^. i ee., . .n. ___ -seen :4-i. r n7f • . t-t 111 Sr- Up �I"a wf ..T h: t e' .•444 n . p 770 •� C y ;' . �'F a- , other gov•rnunt•I or peso l-onverna•nt•1 entity or non-profit S T s q� corporation) issuance, If possible, of • 'tax incresent bond(s)• , } `mot x ti or other type of bond, in at lust the amount of the balance of 'f -. c �' e i ^`tC� u Owne r'a •Aare of the p•rklp structure conrtruct ion cost � w=.' _ , " _ (including design, pre-construction and construction costs and i 7 A----- + financing costs such as capitalized interest costs, if any, '1 ,r: . `.,- , , reserve• fund•, and bond issuance co•t•), the proceeds of which J AiM Y bonds) say be applied by the City to the construction of the ' —�• ' r * .. _ sub ect parking structure and for •n other lawful i , --:,...i::__;.z6e lY J pa rp, y improvement .l*- . 6Jt-Ste_C • -v • project. .Such bond(•) shell bear staple interest at a r•teie) to > . --fix, »i ; a yc be d• ersined by the issuer, shall be retiratle over a period of - 'r' 'kr not son than 35 years (or other lawful term), and shall be �,- r��'r'' , r •eeured by • pledge by the City (or other issuing authority) of �- K::Z',`n • r• '� •the lacrosse in real property tarn and/or sales tax assessed to 1 rt, b -t 6 • the P erty atel Jerome prop which will occur as • rarest conaequeeeee '; _ - - of the reaovat[on wad eip•nrion-tbeteof conteaplatsd=by thin g ' - _/yreeeent (or- by other lawful security available to the-City at `,... -.� i other iisul CC' F - - nq- �ugAocltyl. 6oreve�, tAr, bonding Itself will 9 •paced upon Owner --'no addlclonal taro or ocher ti+ar is to t» 1 -. _ other than the above-referenced 'Dal ante of Owner's"shire', and - s}F_ e --- ( the consent of Omer provided for herein shall not be interpreted " '-r.e i as • consent to any for• of special ant district that would z fe[a]t lr. an increase In the real property Gres being levied upon „ ,, .t.-q I I the hotel property. City will, of course, be r•labur•ed on • i continuing basis for its bond retirement obligations relating to ° ` � the hotel share of the parking •tructur• by the monthly >?�,,�-fi h} V tfif r 1 Instal Lent payments being aide by Owner under the stove-de•crloed t?3r"V, - ( Proaissory Mote. I r'i tt fl z, r i I $ ;: f r i. e . ■ ^r - - x _ , F , s ,' r.:., : Y • D.: 4:".7,': :c a. . '.'. .e i'. . - . —JC.-iirl'f - -t 3 ' a *� t Y r J K 7 71 ,� ra. s � f'.. o e ��4 f►'J :1 1> SA � Ft f) ''e 1: Y# I y1' r !T• Owner further agrees the if Owner A•• in fact decided to x€:::42�0 "-.;,... proceed with the d•v•lopment of the Project approved hereunder, e": r'.• z,^�.- , Owner shall use his beat •efforts• to Cooperate with the City (or c 04'3 t )i.� < i other go •rneent•l or (tuin-povernsent•l entity) In the issuance kJ and sale• of any Industrial Development Bonds in connection with ' 4 f : i the financing of the parking structure, so long as Own•r's part/- r;f?",`�,`'� j `.t .r-,,. cip•tion, if necessary, in any such industrial development tend 1 n ( = �"��"a�a iM- - .,�•a,4g .y r ani •effort complies with all applicable laws and r•striction.. 2„ r ,._ w,,x s.• Sn f. Planter tncroaclwnt•- Owner agrees to obtain such -22:::44-2.....r.,--.. -) i v . approvals and/or licenses as may be necessary with respect to ,.r±,t planters• • • which encroach into public sidewalks, prior to the lssu- �' "'v-P once of a building permit for such planters. ._weer IC. Periodic Project Reviews. Owner ._ * , ] agrees that every ■1s - -_ . . CU aantta following the date of final City approval of this Pss- _ - s gbh_ Piet until tie oontruction thereof ls"ooaplete, he wi1I Rise with - �` ,j 'r I the City Planning Office for the purpose of intoning the-Planning '� .Y.* ;;„,l -'i _ Office as to Al. ress_in developing. i _ >rog p ng CAi Project.pursuant to -'c `- - the tents and previsions of this 6g sent If the Planning_- - - µ Offles-_Mess it necessary, the Planning Office will report to the `-- . r7',:-.: ..:4 City Planning and toning Commission on the outcome of ono or sore + T of these meeting.. the Owner and the City re-.ognisi that these ., r • setting• are not opportunities for the Owner to amid complying 'Q .:tfr. ' ;r .t - ) with the requirement• of this Rgr•eaent but are for purp'ass of "`:' ± _- . pr ov id1ng progress reports and developing mutu•lly acceptable a St , �5Y Vl: I2 ) • r let -i't 9•. :- S v ti{ 's 7 s • I. . � ca . : .. t , G L i- r �._y4'.i4w e:_ �4R' t . t' '44411 . 0772 ice. ' }e `C q-, i • y -wi, i ; a ft,ci. solutions to any protlems that may be encountered during the con- a ".` 1 2a •7 IIt TY et Ion period. ; -4 J,. 11. Permanent Care and Maintenance of Landscaping. Owner ?k„ ,' agree• that it •h•11 be CAT perpetual responsibility of the owner • 'S r - or owner• fro, time to time of the Hotel Jerome property to main- >•.•• Y i _t [air, care• for, and replace when necessary, all trees, shrubs, `t plants, and other landscaping feat urea which my be planted In .(t 4 • _� connection with or which •are otherwise incorporated in the tote! y hM- %Mx 4 Jerome Project pursuant to the Landscape Plan outwitted to the me• i`' City as • part of the Final Plat. ' 12. Use •and Maintenance• of Open Sp•c•. Owner shall occupy ;F:-;:.=- -: „ the Project Open Space (I.e. the eat•rior patio and pool sr••s 1114;4 Mown on the Landscape Plan) for such uses am airy from tine to - - -- i tire be deemed appropriate Owner, _ :-. by provided that each oc5op.wgt I `ens-wort dhoti at all fiats--be in compile-es wi'tI the then-applt-- :----41,• ;...., - 1 • - - cattle provi•lons of the Aspen Municipal Code. Owner p n:ree that 4 -! •• - it shall be the perpetual responsibility of the-Owner a wryte - from time to time of the Motel Jerome property to stalat•l• La • •sgy -:-C---:4• L_ -IA - 1 - : clean and attractive condition and In a good state" of repair. all - - - a; .F .,; sect open Space contained within the Project. x� u 13. Mon-Compliance and Request for Aaendrents or tst•nalons - +� -- m; by Owner. In the •event that the City Council det•rmines that the µi a-� s I r• Owner is rot acting In substantial compliance with the term of , this Agreement, the City Council may issue and serve upon the a id Owner • written order •specifying the •! leg N Non-compliance and ' �. a b fir- pi t I C YZ 23 ' n cc r Lti "_. 4 . I4 _ : u AM ■ Aft Y r`�.S 4 S •"'s i'N r. rc ,�e • • • QTY.{� �,,t/. 4,.. `gE -444 h . 0773 d +« r 1. requiring the Owner to cease and desist from such non-compliance + !•-n• end rectify the same within such reasonable time as the City Coun- • � • l r... ell may determine. witnln twenty (20) days of the receipt of such order, the Owner may file with the City Council either • notice advising the City Council that it is in compliance or • written rir petitlm requesting a hearing to determine any one or both of the - iL?vf . ✓ _ following matterat ys:x n Whether the alleged non-compliance exists or did y 'exist, or -�Y( (h) Whether a variance, extension of time or amendment to this Agreement should be granted with respect to any such f • Won-compliance which is det ermined to exist . -a Dpon the receipt of such petition, the City Council shall promptly _schedule a beari-gq to consider the matter.sat forth in the cease and desist order and in the petition; The- hearing -shel f be convened and conducted pursuant to the procedures nsraally eutabllshed by the thy Council for other hearings. If the City Council determines by • preponderance of the evidence that a non- ;i• 7 - compliance -exists which has not been remedied, it may issue suet orders as may be appropriate; provided, however, no order tarsi- le noting any approval granted herein shall be granted without • nr� flncing of the city Council that substantial evidence warrant. - such action and affording the Owner a reasonable tie. to remedy •$y „`. `"� much non-compliance. A final determination of non-compliance '-•'s rA1ch hoe not Deer remedied or for rhl M. no variance has been 21 s: eat-.- y • A}S[ N Yyn r A.ri % sZ t.,0 C 2 •t Ys 7 7� _, w.• • :, •c '444 , p y , i. z ak. ,- granted shall , at the option of the City Council, and upon written ° T, x , not ice to the Owner, terminate any of the • o -:.—S,./"r. Y PVroval• coot•f reed :, herein. • a - ¢- In addition to the foregoing, the Owner or its soccea•or■ or 1 . ,:t .;-: it :-• C assigns may, on it. own initiative, petition the City Council for ;lam i •an asendsent to this Agreement or the Plat or to ',tend any of the '> 4 .. tins, period• required for performance. With respect to the Con- I lil �s-: ' � . 1 e +l A. • t-vetted Schedule. the Owner has mode warioue a••umpttons. in- 4,7,1 eluding the following: a e' tut (I) final approval of the P1•t and related, documentation o prior to May 1, 19811 :A a -:' 171 Negotiation, arrangerent and completion of pre-tonatruc ..yf,-„:_x :-;. tlon ftetivit t by Owner, including construction bocrowitp, bidding. ' -} a. -contractor selection and-contra -tor aoailliatton r _ � � F pr 1 or to the pro- Fa- t jetted •tartinq .date of no later than August• )t. 10144 1Y)- Ratification of the estimated construction end dewelo - - ,tom • sent schedule by the selected lender and contractors. VSrt. y - (4) _ Prompt availability of the required labor forces and ap 3 l. e construction asterisk at •all necessary ases throughout the e42,:e,^,..,z construction period. ' T,e (SI No interruption in construction operations through the ( - te* 1 winter months during the actual construction .period by acts of God ( .0%.1.1s . 7 . >_ or other matters beyo-A the control of the Owner. w ;.> The City Council shall not unrea•onshly refuse to extend the -f' �., _ time periods for performance lnd scat od in the Construction fiche- ( ,e"".'•�„"+.ic9 N - ,:s. _ zs y lip,,-; :_ '"" '4C L.�� t,x1 "v't'sr}" -airy ',.�„ill! t` J- `".`Trf ,.. - j attali'?'kf�riiTa�fHa a •a"+ `*+ 3{� • Vim'-"+•`�"'Yw.e.'�.:a. t i"- • .,►tea an•Nea em" ° '^ana-j�P.t . ' y -. Y _ t� • i.r., i J .t. ti.•444 ttlt 07 75 cr 1.: dule if Owner demonstrates by a preponderance of the evidence that r1•414 i V } Y. the ••• ons for said extension art beyond the control of the ;.;...y,•,> Owner, despite good faith efforts on his part to eccomplish the '� •� use. ( j t 14. Notice. Notices to be given to the parties to title ti 4 - Agrees•nt shall be deemed given if personally delivered or if deposited to the United States Nail to the parties by registered r ; st netllfee sal) et'-the eddreses. indicted below, or et 'such - � •' i 4 r other addressee as may be substituted upon written notice by the parties or their succeleors -or- assigns` `-r "r,_i 4M1 ,..c-cri City of Aspen` City Manager ;:Pe , 13G South Galena Street Aspen, Colorado Ii111 I - - Owner: John P. Gilmore + w• - ---))0".tut itelq"ift e•t. _ t .` _ Aspen. Col-grad ,ol y " 1 � with II•_ro DY tot ;bollard tart - y . : 300 last Main -Street e Aspen, Colas ado 11111 - _ '.1,1:C-;.:...--' : - 1 _13. Sanding Clause. The provisions hereof.iM 11 run with - '�- n�,.. and constitute a burden upon the title to the• subject property, ' go and shall be binding upon and shell inure to the benefit of the Aner and the City and their respective heirs, personal repro- f' aen[at Ives, successors and assigns yy' J " 16. Applicable Lae. R`1• /prevent shall be subject to and ire- construed in accordance with the laws of the State of Colorado and '_;t,. the Municipal Code of the City of Aspen. 1, ��? -Sf s • 7L'_ 21 � ' 4-.. r ,,j • i •' <w t it 1 ' '.}`V° !rSiti.: rk- ' I � r. fry�_�°r3`_-. a r .� .7. �-4±e'�'.k. ^a y�m�ra.i L�_stlf !''. e� 1'Y: -�y� - ._, rs. K. . . ..(:.;:fre',(;:i.•;,; 4-i- C-I---; f = f, r. i - l'a'°�'�sat t o 776 F 1 J t '` 1 I ' 17. t bility. If any of the provi•ions of this Agree- sent or any paragraph, •entente, clause, phrase, word or section {...5 , or th• application thereof In any circumat•nees is invalidated, such invalidity shall not affect the validity of the ralnder of j sa " . i,,, #;V r �s s the Agreement and the validity of any such provision, Wr•gr•ph, ! + r ' a sentence, clause, phrase, word or section under any other circus- i - *,tea I {. C� stances shall not be affected thereby. -lx`- ci a L -' tr It. Incorporation .Y Recit•ls. The City std Owset hereby _' ( r I" •tipilat• and agree that the Recitals preceding this Agreement are - r V -_ti .417.L.:: part of the Agreement and are to be deemed Incorporated herein as ,;..� 7r la--r:.4-...41::" i though fully set forth. - •, ,Y; 3 If, entire Agreement; Amendment. This agreement oont•lns , -it F..', the ntIre undatat andlnq- and egreesent between the parties tent* s ,.�� e _ with respect to th• transactions conte.plat d' heandirr 'mid'may be } - 1 et - y - - tt s .f I• altered tar mended- fro.-t Use to time only by written lastr sent -- , , 4 1 aaecut.A each of the parties hereto. - 70, Aeeept•nct of Pitt,. Open-execution of this Agreement by all - - - ;-t ('; x parties hereto, the City agrees to approve and -aeeutt the i '' �,�r _ ' Final Planned Omit Development Plat for the motel J•rom•-Renova- '.1= � ' tier, and Additten, and to accept the sass for recordation in the y -',7 rt r 'r Recording Office of ?akin County, Colorado, upon pays• t of the r _ ._,.,f ,,,,T, , • recordation fet and posts to the City by Omer. - r ' TX WITw!SS wKfRtor, the parties here hereunto set the Sr bands - and seals the day and year first above written. ' x_r i ft w �rac�, A •. THE CITY OF ASPEN, COLORADO, ( !.- �E a•. g+r f- 'F:::;.-1-7:5': -- 1 - ��ti 27 a�_ s - 1. t • - j ��}}•• — .ii c r< + hr,: S 1 :.' .. , t--.7.--,?er. --. - t k _ Y . - . _r -- ..._ 4 IL'� rye. (1177 , r .d .4tY A Municipal Corporation -'" ' ` �' e 4 t :� .....•... .3 Pr •.n • Mayor J L , r • AT7tat - • F t , L W •t ryn oce, ty er . T yr '5%--'414::-.7:•4=-.7-' APPROVED AS PO Mani •u • unit, ty torn.). ..� OMRt - 4r - ,oi 0llew `` T'. _ fTAlf'Df CQCA,CO-' 1 - - sr 1 •.. County of Plain 1 'e.tp epotnq- o•• actnowl.dq.d_Mror. in this #S<. day of - at, - , Eft],. by Se -told r.is Mayor, and t ryn . Loch, as City Platt, of. the City of Aspen, tt•t• of Fs� t---;-,-;:- - - ' ' ,rlcn..a by hand and official . u. { s My boai• io •rpir••, 9 /k/ k 07, or +. 6t•r1b y Public , : . M . .,, ti ~ `cam. s� : 1 21 TS:-.'-44..c.' a • • { 1 • , g. C k , � .. . . it,•,,..J.,,..t.t.. t.: 1. • 1/2"". ice . " . - .. -.'14. "" wn '44 ..T.,;*°,"'t r...err.s....* 1-- rir'. ;I' . - . .0.411- 3-4.11.•air r 4:.."'‘..";'?'rgir4:4:***, . ...e .t,p. ........ c.... _ .. •...,,,:. ..... m‘',....„ • t •444 *- 0 778 .... „ • 1 I .9....,; .- I • .. . , • STATE Of COLOIADO ) I 'Fri... 0..unLy of Pltkin ) , , ....„,7 Th. .tpremooing waa acknowledged befor• we this samR01/ day of . • f.- -11T- 1 C Apt gr , 1113, by Johr P. Milaor•. ti- c Mitnass my hand and official seal , A.: . My comis•lon expires' .7L I Les,/ • .. ; 1 .." •- •• • Is-:,.. - . 4 . .. • 1 • -- 2-..",... - ...iml•Ir. • l'afrjr.4.-,,:i.a. . ,-,- t.- i taty Pubitt •• -•:-- • G.,-• Icqe 2 _Itijwitll, if- . Acores. ..m::?;- , atirewil CIPi, ....-.7. -u- • . I ' -- •-• ' 1 '..■...:,i''. . ' ' • . ..:-.:,' ,. .1:: ."- • . . ... ._ . . ..... .. — , . ... - - _ - . . _ . . _ .... . . . - ... - - . . . -R2.•...- ,•:.---: .• ...7 c...:..*. - - . . it 117 7 . 29 • -'1.- .... . ...-' 1 -• -' ..... -..-:f.l . . 11 . ' . ... .i;:. • 1... .. Zr . t ' • - . ..... • . • -, '- • • i . ' .....?: . ... .l.:. "?‘:4•# " -' Ilit 4 ... ::1•3 ., - t..... ...4 , ••• ..t.' •'-"3-67,"; ••:•:. ?At:":-2 .... ' . .. —. . . .. . . • MEMORANDUM TO: Aspen City Council jAN 3 0 /986 ll Aspen Planning and Zoning C•• ission THRU : Hal Schilling, City Mana g_1 FROM: Steve Burstein, Planning 0 ice la RE: Hotel Jerome Work Session DATE: January 28, 1986 Attached for your review is a memo from representatives of the Hotel Jerome outlining some issues for discussion at your work session scheduled for February 3 , 1986 . The Hotel Jerome is in the process of making changes to their approved RID agreement in two stages. The first stage of revisions is to address the renovation and addition activities as separate phases of the total Project . The areas under consideration are : parking, sidewalks, curbs and gutters, landscaping improvements, retention of the annex, changes in internal uses, employee housing and notice to the new owners. The Planning and Zoning Commission recommended approval of the proposed amendments on January 7 , 1986 , and it is expected that the first stage of amendments will be presented to Council in February (or as soon as an amended PUD agreement is submitted) for final PUD amendment approval . The second stage of amendments involves a new design for the addition. The purpose of this work session is to discuss conceptually new plans and any issues related to the redesign. The applicant would like some broad direction from Council and P&Z as to what you consider acceptable uses in the addition and what particular impacts will need to be addressed in the PUD Amendment . The nature of this discussion should be general and non-binding, since we will have to review a formal application at some later date. Some of the main subjects that we expect to be discussed include : o Elimination of all retail shops from the Project ; o Adding no more restaurant capacity than presently exists; o Including more rooms in the addition than approved in the original PUD Agreement ; o Including on-site parking for guest and employees use ; MEMORANDUM TO: City Council and The Planning and Zoning Commission FROM: The Hotel Jerome DATE: January 21 , 1986 RE: Work Session - February 3 , 1986 Format: For reasons described in this Memorandum, the Hotel Jerome is undertaking a two-stage amendment to the PUD Agreement for the renovation and addition to the Hotel Jerome. The first stage merely clarifies the renovation and addition as separate phases of the Project. The second stage and the purpose of this work session involves a redesign of the addition . In this Memorandum, we will review the process and the original design as approved. The changed circumstances leading to the required redesign will be enumerated. Finally, we are soliciting your ideas in reference to the new design to leave us with a clear understanding of how best to blend the Hotel needs with those of the community. History of the Process : The Hotel PUD was processed in 1981 and 1982 under an exemption from GMP because of the historical significance. Thus, what is built will be deducted from quotas but does not have to go through the GMP process . The PUD allows for a total project of 128, 822 square feet of habitable space. The original design for the project contained restaurants, hotel rooms, and retail stores as follows : - 105 guest rooms and suites - 4 employee rooms on-site and housing for fifteen employees off-site - Food and Beverage facilities as follows: . 80-seat gourmet dining for dinner only . 175-seat garden room serving breakfast, lunch and dinner . 130-seat living room serving lunches , dinners and late night meals . 65-seat terrace cafe serving three meals daily with outdoor summer service . 235-seat nightclub . 75-seat Jerome Bar . Retail shops totaling 13 , 000 square feet of net leasable . Parking off-site for 35 employee cars and 25 guest cars , to be provided in the City 's 400-space parking structure on the Rio Grande property Changes in Circumstance: The original concept was to remove the Hotel Annex and do the renovation and addition together. The new owners decided to phase the project and to retain the Annex for kitchen and employee housing. Thus, the old and new cannot be physically joined as originally intended. Secondly, recent market analysis has shown that the amount of space devoted to restaurants and retail is not warranted at the Jerome. Originally planned were 450 restaurant seats plus 315 bar and nightclub seats, plus some fifteen shops. The current plan adds no more restaurant capacity than presently exists , some 225 seats including the private dining room and tea room, and eliminates all the retail shops . Thirdly, while the CC zone has no parking requirement, it has always been recognized that good business requires the Jerome provide parking. The tentative schedule is to begin the addition in 1986 . If parking can be provided on-site, it will benefit the Hotel and the town. Thus, the new design will attempt to incorporate parking. Finally, a redesign is necessitated by the Park Service . In evaluating the Jerome for listing on the National Register of Historic Places, the Service agreed to list the Hotel with an addition but not with the addition as originally designed. The objection involved the five-story arches filled with bay windows, so the facades must be redesigned. - 2 - While all these circumstances have necessitacad the redesign of the addition, the benefits to the site, the neighborhood and the Aspen community from this exercise will be positive. Consider the impact of the Jerome with 450 restaurant seats, some 15 retail stores and no on-site parking. Reducing restaurant capacity will decrease employees and site visits . Deletion of the retail space will save some 25 to 30 employees, and will further reduce car trips to the property for shopping. Finally, on-site parking will reduce the need for employees to retrieve cars from off-site and eliminate cars standing in the Main Street loading zone during delivery and pick-up. Issues: As currently envisioned, the addition will have parking , commercial space of some 6 ,000 square feet and the balance in hotel rooms. To operate profitably without the shops or added food and beverage facilities, more hotel rooms became an economic necessity. Further, adding rooms benefits the community by housing skiers in Aspen in the core area . A full service hotel in town reduces auto trips and provides the type of resort experience designed to stimulate return visits . At issue also is the access and egress for the property by guest and employee cars as well as delivery and service vehicles . Also, we seek your input on the footprint, location of open space and general layout of the addition. We also hope to work with the housing office to establish the ratios of employees and parking to the project impact in light of the proposed redesign, and seek your input on these ratios . Perry Harvey PH/nkb - 3 - November 25, 1985 HOTEL JEROME Floor Area Calculations Existing Hotel : 110 x 100 x 4 44 , 000 sq. feet Annex: 1, 500 x 3 4 , 500 Bathrooms: 405 x 2 810 Gross Square Footage: 49 , 310 Excluded Areas : Center light shaft 1, 332 Lower level mechanical & storage 2,000 Lobby level storage 600 Upper floors storage 690 Annex: Lower level storage 437 Lobby level 181 Loading dock 96 Bath: Basement 405 Total : ( 5, 741 ) Floor area in old: 43 , 569 Land area 47 , 712 FAR 2 . 7 : 1 Allowed square footage 128, 822 Existing 43, 569 Potential addition 85 , 253 .. Z 1 , P- 4, s 1 g 1 e-s : :...,, .. : •-•., ,q•-.f.; ;,P :I .4`t .,s i , .: 1, ; i. Lt :7 , :_y.E.,-,:-..7'i.,,t z . :-;.. - ■•d A :71., "il :i;t:1,t t: t =FM:is.:':::::. ;,..,. , ;2„ 1 -i fr.-vzst ,. e f i 1 1 .< ;--en:.-1:::ILS.,ftz --- .:: ', N-0-11 :=1:1;J: i 1 t-' 'LI :,' 4 , .1 '' 1, (!‘g:VW7. ; if, W 1 Nc.,Ih :"`e■-, I,';II': l' ' I; fit, -= I :t— dO 2 g :It :::t! 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