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HomeMy WebLinkAboutLand Use Case.535 Dean St.0092.2005.ASLU - City of Aspen Community Development Dept. CASE NUMBER 0092.2005.ASLU PARCEL 10 NUMBER 2737-18-2-96-033 PROJECT ADDRESS 535 E DEAN ST PLANNER JAMES LINDT CASE DESCRIPTION INSUBSTANTIAL PUD AMENDMENT REPRESENTATIVE SUNNY V ANN 925-6958 DATE OF FINAL ACTION 1/6/2006 12:01 CLOSED BY Denise Driscoll Nann Assoc.:VElOiMENi r1o. 0304 FP. 2 Dec.21. 2005. 4:41PM OJ on - .,.., .., 00 ~ U')Ei) 0.., . W ..,.., "- _ N ,- "-0 CD .. N ON ..... 01"- I!)~N 0.-.., .., ~"" , "--- - MEMORANDUM TO: Chris Bendall, Community Development Director FROM: James Lindt, Senior Planner (S""l-- The Re5ideDces at Little Nell- IIIlIubstantial PUD AmendJuent RE: DArE: December 8, 2005 SUMMAIl.Y: The Residences at Little Nell, LLC, represented by Valln Associates, has applied for an insubstantial amendment to the approved Residences at Little Nell Subdivision/PUD to amend the approved PUD to allow fur the two (2) free-market ,-esidential units approved 'I1I.ithin the development to be converted to lTactional ownership units. Ordinance No. 30, Series of 2004. which approved. the Residences at Little Nell SllbdivisioWPUD contained a condilion of approval allowilli for the SIIbjcet units to be fractionalized pursuant to an insuhgtm,tial PUD amendment. - ... '" APPLICANT: The Residences at Little NeU, LLC, Represented by Vann Associates. ZoNING: Lodge with a PUD Overlay. REVIEW 1'll.OCEDURE: Tile Community Development Director may apprOVe, approve with conditions, or deny an insubstantial amendment to an approved pun pUCS\lant to Land Use Code Section 26.445.100, PIlJTlT/Bd Unit Developments, STAn COMMENTS: In reviewing thc Applicant's requllSl, Staff believes that the conve('9ion being proposed jg consistent with the approvals gl'anted in OrdiJwJ.ce No. 30, Series of 2004, approving the Residencea at Little Nell $ubdivislonIPUD. The ordinaAce - appwvlng the Ql"igillal pr-oject contains a section identifYing tilat the Applicant may convert the two (2) whoUy.owned residential units to fractional units 2IDli iDclude. them in the timeshare use plan, provided that an insubstantial PUn ilJIlondmen.t is appmved for record keeping pwposes_ Staff furrher feels that the proposed conversion is consistent 'With 1he Jodging goals of the community In that the units are more likely to be occupied and reIlted on a short-term basis if they are included in the timcslwe IlSc plan lban if they are malotained as wholly--owned residential units, REcOMMENDATION: Smff believes that lbia ll.pplication meets the review standards for granting an insubstantial POO amll11dmel1t and recommends that the Community Development Director approve this insubstantial POO amendment to allow for the twQ (2) wholly.owned residential units I Reteivee 7ime Dec. '3. lD:59PM DEC-21-2005 09:44AM FAX:970 920 9310 ID: PAGE:002 R=95% Dec,21. 2005' 4:42PM IYa)A~SSOC, ,VtcOi:v.ENi ~1o. 0304 iP, 3 :) approved in the original PUD to be converted to timeshare lodge units and included in the funeshare use plan. AfFROV il.L; I hereby approve this insubstantial amendment to the Residences u Little Nell SubdivisionIPUD allowing for th~ Lwo (2) wholly-owned .....~idential units to be collverted to timeshare lodgo rooms and included in the Residences at Little Nell' s time~hare use plan, with the following condition: 1. The Applicant shall record this document at the Pitkin Coullty" Clerk ll11d Recorder's Office within thirty (30) clays of approval. 2, The units subject to the cOllverslon shall be included in the tim~ use plan pursuant to the temIS that were applied to th~ other fractional units in the Residences at Little Nell Subdiv:isionIPUD. 3. The School Lands Dedication fees that were paid to the City of Aspen for the two (2) free market residential units subject to ihis application shall not be refundable. dN~~ d~Uw\:1I~ Chris Bendon, Community Development Director ACCEPTANC&: I, 3$ a person being or representing the appli~t, do hereby ~greo to the condition of this approval and certify the information provided ill this application is correct to the best of my knowledge. Applicant: ATTACRlImNT8: Exhibit A - Review Criteria and Staff Fmdings Exhibit B - Application 1111111111111111I111111 ~;;~~~;! :1:581 JANICE K vas CFlUDILL PITKIN COUNTY CO R 41.00 00.00 2 Recelvd Time Dee, 13. 10:5~PM DEC-21-2005 09:44AM FAX:970 920 9310 ID: PAGE:003 R=95% Dee,21 2005. 4:42PM 'Van.~"",boc.:VtlOPMtNT ~1o. 0304 FP. L /' " '-" \'JJJUI~'~'l~:~.:," Exhibit A Review Criteria Insubstandtd PUD Amell.dmeat. I. A change in the use or character of the developlllCll.t Staff Finding: Staff does not believe that the proposed ......""'lment will chiuge the charaotcr of 1he development and will further compliance with the commWlity' $ lodging goals. Slaff finds this criterion to be met. 2. An inc~e by greater than three (3) percent in the o~a11 coveragll of structures on the land. Staff Findinlt: The amendment does not increase the overall coverage of structures. Stat{ finds this criterion to be met. 3. Any amendment that substantially incnases trip gllllOBtion rilles of the proposed development, or the 11.........11 for public facilities. Staff Findinlt: Trip generation and demand for public infrastructure are not impacted by this change. Staff finds this criterion to be met 4. A reduction by greater than three (3) percent of1he approved open space. Staff. Findinll: The IIIII.ll1.mt of opQD space will not be reduced as a result of this amendment. Staff finds this criterion to be met. ). A reduction by greater than one (I) percent of the off.street parkhlg and loading space. Staff Findinlt: The Applicant is not reqllCSling iIIl ilIDenrlm~ to the existing or required number ofparlcing spaces. Stafffinds this criterion to be met. 6. A reduction in required pavement widths or rights-of-way for streets and easements. StaffFindinJ: The Applicant is not proposing <;;hou,,"\OlI to right-Qf-way widths. Staff find:! thi~ criterion to be met. R en i ve d 1 i me Dec. 13. 10 : 59 PM DEC-21-2005 09:44AM FAX:970 920 9310 w: PAGE:004 R=95% Dec.21. 2005 4:42PM Va~/,'1~SSOC. EVElOiMEW; """'" 110, 0304 ;p, 5 ........- 7. An increase of greater than two (2) percent in the approved gross leasable floor area of cmmnercid buildings. StaffFinnina: The Applicaut is not proposing changes to a commercial blulding. Staff finds this criterion to be ml!lt. 8. An increase by greater than one (1) percent in the approved residential density of the development. Staff ~in(Hna: The Applicant is not proposing ;m increase in the residential density. Staff fmds this criterion to be met 9. Ar1y chan8e which is inconsistent with a condition or Il!lpresentation of the projcet's Ol'iginalllpllroVal or which requires granting a further variation from the project's approved use or dimensional requirements. StaffFinmno' The proposed am'"-.ndment is consistent wi1h the project's orisinal approval. Staff finds this criterion to be met 1111111111111111111111 ~;;~~~:~ :1:581 JRNICE K vas CAUDILL PITKIN COUNTY CO R 41.00 0 0.00 Received Time Dee, 13. lD:59PM DEC-21-2005 09:44AM FAX:970 920 9310 !D: PAGE:005 R=95>' Dec.21. 2005 5:29PM Van n ,~s so c. 10. 0305_P, 1 EXHIBIT I~ VANN ASSOCIATES, LLC Planning Consultants November 25, 2005 HAND DELIVERED Mr. Cbris Benclon, Director. Aspen Community Development Department 130 South Galeua Street Aspen, CO 81611 Re: The Residences at Little Nell Subdivision/PUP Insubstantial PUD Ameadn1ent Dear Cbris: Please consider this letter an application tor an iJlSubstantial PUD amendment for the Residences at Little Nell SubdivisionlPUD (see Eldiibit I, Pre-Application Conference Summary, attached hereto). The application is submitted pursuant to Section 26.445. 100.A. of the Aspen Land Use Code by the owner of the property, The Rcsp.lV'es at Little Nell Development,' LLC, a Delaware limited liability company. A Commitmp.nt fur Title Insurance evidencing the Applicant's ownership of the property is attached as Exhibit 2. Permission for Vann Associates to represent the Applicant is attached as Exhibit 3. A IlIBl use application form and an application fee agreement are aft.i'!leO as Exhibits 4 and 5, respectively. Proposed Amendment As presently llliProved, the Residences at Little Nell project contains two free market residential units which were to be coodominium;7M and sold as wOOle ownerShip units. The two units are depicted as Units A and B on the attached floor plans which were submitted in collDllCtion with the project's final PUD application (see Exhibit 6). Section 9 of City Council Ordinance No. 30, Series of 2004, which granted final PUD approval to the project, provides for the conversion of the two units to fractional ownership units and their bx:lusion in the approved timeshare use plan subject to the approval of an insubstantial PUD amendment (see Exhibit 7). This provision is also memorialized in Article ill., paragraph 3 .1 (b) of the project's recorded subdivi- sionlPUD agreement (see Exhibit 8). Given the popularity of the project's fractional ownership units, as evidenced by recent sales, the Applicant wishes to exercise the right to ioclude the twoftee market. residential units in the project's timeshare use plan and to sell fractional interests therein, 230 East Hopkins Ave. . Aspen. Colorado 8161; . 9701925-6958 . Fax 9701920-9310 DEC-21-2005 10:31AM FAX:970 920 9310 ID: PAGE: 001 R=95>' Dec.21. 2005 5:29PM Van n ,~s soc. f ~... 10. 0305 P. 2 ... . ~ Me. Chris Bendon November 25, 2005 Page 2 Review Requirements While Ordinance No. 30 imposes no conditions on the Applicant's right to convert the two residential units to fractional ownership units, Section 26.445.100.A. of the Regulations contains various criteria regarding the applicability of the insubstantial POO amendment process. The following are specifically precluded from comidcr- ation as an insubstantial amendmem. 1. "A change in the use or character of the development." The proposed conversion of the two whole ownership free market residential units to fractional ownership units will not change the predominant use or character of the development. 2. "An in~ by greater than three percent in the overall coverage of structures OIl the land." The proposed conversion will not ia:rease the developmem' s land coverage. 3. "Any amendment that substantially increases trip generation rates of the proposed development or the demand for public facilities. " The proposed conversion will not increase the development's trip generation rates or increase its demand for public facilities. 4. space. " "A reductioo by greater than three percent of the approved open The proposed conversion will not reduce the dcvelopIllllnt's approved open space. 5. "A reduction by greater than one percent of the off-street parking and loading space." The proposed conversion will not reduce the development's approved on-sire parking or loading area. 6. "A reductioo in reguired pavement widths or rights-of-way for streets or easements." The development does not contain internal streets. 11111111111111111111111111 ~;;~~~~! :15el JRNICE K VQS CAUDILL PITKIN COUNTY CO R 41.00 0 0.00 DEC-21-2005 10:32AM FAX:970 920 9310 ID: PAGE:002 R=95>' Jec. n 2005 5:30PM Va n n ,~s S 0 C, /I.'.... 10. 0305 P. 3 / "'\ -,/ Mr. Chris Bendon November 25,2005 Page 3 7. "An increase of greater than two pereent in the approved gross leasable floor area of commercial buildings." The proposed conversion will not affect the development's approved net leasable commercial area. No variations from the development's approved dimension- al requirements are required_ 8. "An increase by greater than one percent in the approved residen- tial density of the development." The proposed conversion will not increase the development's approved residential density. No residential units will remain following the conversion 9. "AIq- change which is incoosistent with a condition or representa- tion of the project's originaI approval or wbich requires granting a variation from the project's approved use or dimensional requirements." The proposed conversion is specifically provided for in the development's approved subdivision/PUD agreement. To ensure that the proposed insubstantial PUD amendment tracks with the develop- ment's prior approvals; the Applicant requests that your administrative approval docu- ment specifically reference the legal description of the Residences property (see Exhibit A to the Title Commitment), and that you record the document with the Pitkin County Clerk and Recorder. Should you wish, the Applicant's attomey, An Daily, would be happy to review the document to ensure that appropriate references are made to both Ordinance No. 30 and to the recorded subdivision/PUD agreement. Should you have any questions, or if I can be of any further assistance, please do not hesitate to call. Yours truly, ,LLC SV:cwv Attachments jl'Jl~,~I1"[ ~:i;:t:,~, DEC-21-200S 10:32AM FAX:970 920 9310 ID: PAGE:003 R=9S>' Dee,21. 2005 5:;QPM Va n n ,~s so C. It"", Mr. Chris Bendon November 25,2005 Page 4 cc: Brooke Peterson John Sarpa Arthur C. Daily, Esq. c:\olclclb1.lS\cily .app\app44702_.md 11111111 11111111 111111 ~;;;~~~;! ~ 1581 JANICE K VOS CAUDILL PITKIN COUNTY CO R 41.00 D 0.00 DEC-21-2005 10:32AM FAX:970 920 9310 ID: 10. 0305 P. L PAGE:004 R=95% . " HOLLAND & HART LLP A TTORNEYS AT LA W DENVER. ASPEN BOULDER. COLORADO SPRINGS DENVER TECH CENTER BILLINGS. BOISE. CASPER CHEYENNE. JACKSON HOLE SALT LAKE CITY. SANTA FE WASHINGTON, D,C. 600 EAST MAIN STREET, SUITE 104 ASPEN, COLORADO 81611.1991 TELEPHONE (970) 925-3476 FACSIMILE (970) 925-9367 Arthur C. Daily ada ily@hollandharl,com MEMORANDUM January 4,2006 TO: James Lindt, Senior Planner, City of Aspen (hand delivered) FROM: Art Daily RE: Residences Insubstantial PUD Amendment I'm enclosing for your file a copy of the Residences Insubstantial PUD Amendment granted by the Community Development Director on December 13, 2005, allowing for the two wholly-owned residential units in the project to be converted to timeshare lodge rooms. The Amelldmellt was recorded December 22,2005 as Reception No. 518768. Thanks for your assistance ill the matter. cc: Sunny Vann (via fax to 920-9310) .," "'~ ., 130 S. Galena Sl. AspenC081611 (970) 920-5090 (970) 920-5439, fax Aspen Community Development Department Fax To: Sunny Vann From: James Lindt Fax: 920-9310 Pages: Phone: Date: 12/13/05 Re: Residences at Little Nell cc: o Urgent o For Review o Please Comment 0 Please Reply o Please Recycle . Comments: Hi Sunny, Please have the attached decision notice signed by your client agreeing to the conditions of approval and then recorded at the Clerk and Recorders office. Then please bring me a copy of the recorded document for our files. Thanks, James ''''""" "'"" "-;.../ - MESSAGE CONFIRMATION JAN-03-2006 01:05 PM TOE FAX NUMBER NAME 9709259415 HOLLAND & HART NAME/NUMBER PAGE START TIME ELAPSED TIME MODE RESULTS :~0#46350*0001#5440488 :. 9 : -03-2006 01:04PM TUE 01' OS" STD ECM [ O.K] HOLLAND & HART CLP ATTOKNR','S;\"I lAW l1fNV~K' ASPt:.N IOULUFR.t;Ol,OO....OOSPRINGS OCNVERTEC~ ~rI{1ER llILllNGlI.80Ilf,E.CASF'EIl CKEY;NNE'JACK90NHOLF SALTL...KEClTV.SJ\NT...FF WA~HltfCTON.O,C 60llb'oSTNAINSHll<!:T. SlJnl::ln' ASPEN COLOKAOO 6'8\1-1(1!ll lHCJ>HONr I~Nl ~l~.l416 F....C$I..ILI: (~7(1) ~l5.!tl87 Arthur C_ Daily IIdailyQhulllln<:lh;lttc"m MEMORANDUM January 3, 2006 TO: Brouke Peterson (via fax to 544-0488) John Sarpa (via fax to 544-8271) Sunny Vann (via fax to 920~9310) FROM: Art Daily RE: Residences Insubstalltial P1JD Amendment Enclosed to each of you for your tHe is a copy of the Residences Insubstantial PUD Amendmenl granted by the Community Development Director on Decemher 13, 2005, allowing ror the two wholly-owned residential units in the project to be converted lO timeshare lodge rooms (fractional ownership). Tl1e Amendment waS recorded December 22, 2005 as Reception No. 518768. ,...... , .. ....... --- MESSAGE CONFIRMATION JAN-03-2006 01:08 PM TOE FAX NUMBER NAME 9709259415 HOLLAND & HART NAME/NUMBER PAGE START TIME ELAPSED TIME MODE RESULTS ~0#46350*0001#5448271 1\j;b-03-2006 01:06PM TUE 01'12" STD ECM [ o.K ] HOLLAND & HARTm ATTORNeYS Al l......W DC"'V~Il.. ASPEN 1I0U~D[R. C:OlOll"'oo Sf'HIN<;S OENVUlT(CtlCENTI'R: eILlIHOS'IIOISC'CASPER CHEY'ENNt:.......CMSOHtlCll.I< SAlT LAII,IOCITY' IlANT...H WASlllNGTON.LJ.\:;. GOO EilSTMAIN STHl!fT. SUITE 10. MJP"'N. COlORADO 111511-1W1 TELEPHONE (D70) ~.~-~47G FACSIMILI! (aTC) 'il2S-0;0]~7 Arthur C. Daily llc!llilyfthollandllilrL<;OII' MEMORANllUM January 3, 2006 TO, Brooke PetljTSOn (via fax to 544-0488) John Sarpa (via fax to 544-8271) Sunny Vann (via fax to 920.9310) fROM, Art Daily RE: Res"idences insubstantial pun Amendment Enclosed to each of you for your file is a copy of the Residences Insubstantial PUD Amcndmenl granted by the: Communily Developmenr Direclor on December 13,2005, allowing for thc two whully-owned residcnHaJ units in the projcct to be converted to timeshare lodge rooms (fractional ownership), The AmendmenL was recorded December 22. 2005 as Reception No 518768. I"" '-" '.... - MESSAGE CONFIRMATION JAN-03-2006 01:10 PM TOE FAX NUMBER NAME 9709259415 HOLLAND & HART NAME/NUMBER PAGE START TIME ELAPSED TIME MODE RESULTS ~~9b#46350*0001#9209310 : ! L%-03-2006 01:08PM TUE 01'28" STD ECM [ O.K] HOLLAND & HART Lee ArroRNEYS AT lAW DI'NVER'",SI'EN DOUlOER. COlOltADO SPRIt;G~ OIiNVI'R TECH CEHTf.~ E1JLLING.<;-ilOISE-CASf>EIl: CHtVI;NH,.,/ACI<.SONHOl.E 1lALT lAKE CITY. SANTA ~~ WMHINGTON.O.C. ~oo l:ASTMAIN STRFET, SUIr!: JO~ ASPEN.COlORA0081811.111Dl TElHHONI: (1170j 92S.341S FACSIIdILE{DIO)alS_~t1 Arthur C. Dally adftily@hOII;lndh",I.CD,n MEMORANDUM January 3, 2006 TO: Bwoke Peterson (via fax to 544-0488) John Sarpa (via fax to 544-8271) SUlUlY Vann (via fax. to 920-93W) FROM: Art Daily RE- Residences Insubstantial PUD Amendment Enclosed to each of you for your HIe lS a copy of the Residences Insubstantial PUD Amendment granted by the Community Development Director on December 13,2005, allowing for the two wholly-owned residential units in the projectto be converled to timeshare lodge rooms (fractional ownership). The Amcndmenl was recorded December 22,2005 as Receplion No. 518768. , , '" '-" ~ihd~('t\~/j ,">c_..., VANN ASSOCIATES, LLC Planning Consultallts November 25, 2005 HAND DELIVERED Mr. Chris Bendon, Director Aspen Community Development Department 130 South Galena Street Aspen, CO 81611 Re: The Residences at Little Nell SubdivisionlPUD Insubstantial PUD Amendment Dear Chris: Please consider this letter an application for an insubstantial PUD amendment for the Residences at Little Nell SubdivisionlPUD (see Exhibit 1, Pre-Application Conference Summary, attached hereto). The application is submitted pursuant to Section 26.445. lOO.A. of the Aspen land Use Code by the owner of the property, The Residences at Little Nell Development, LLC, a Delaware limited liability company. A Commitment for Title Insurance evidencing the Applicant's ownership of the property is attached as Exhibit 2. Permission for Vann Associates to represent the Applicant is attached as Exhibit 3. A land use application form and an application fee agreement are attached as Exhibits 4 and 5, respectively. Proposed Amendment As presently approved, the Residences at Little Nell project contains two free market residential units which were to be condominiumized and sold as whole ownership units. The two units are depicted as Units A and B on the attached floor plans which were submitted in connection with the project's final PUD application (see Exhibit 6). Section 9 of City Council Ordinance No. 30, Series of 2004, which granted final PUD approval to the project, provides for the conversion of the two units to fractional ownership units and their inclusion in the approved timeshare use plan subject to the approval of an insubstantial PUD amendment (see Exhibit 7). This provision is also memorialized in Article III., paragraph 3.1(b) of the project's recorded subdivi- sionlPUD agreement (see Exhibit 8). Given the popularity of the project's fractional ownership units, as evidenced by recent sales, the Applicant wishes to exercise the right to include the two free market residential units in the project's timeshare use plan and to sell fractional interests therein. 230 East Hopkins Ave, ' Aspen, Colorado 81611 . 970/925-6958 . Fax 970/920-9310 " /''lit, ,~,.,.~ Mr. Chris Bendon November 25, 2005 Page 2 Review Requirements While Ordinance No. 30 imposes no conditions on the Applicant's right to convert the two residential units to fractional ownership units, Section 26.445.100.A. of the Regulations contains various criteria regarding the applicability of the insubstantial PUD amendment process. The following are specifically precluded from consider- ation as an insubstantial amendment. 1. "A change in the use or character of the development." The proposed conversion of the two whole ownership free market residential units to fractional ownership units will not change the predominant use or character of the development. 2. "An increase by greater than three percent in the overall coverage of structures on the land." The proposed conversion will not increase the development's land coverage. 3. "Any amendment that substantially increases trip generation rates of the proposed development or tbe demand for public facilities." The proposed conversion will not increase the development's trip generation rates or increase its demand for public facilities. 4. space, " "A reduction by greater than three percent of the approved open The proposed conversion will not reduce the development's approved open space. 5. "A reduction by greater than one percent of the off-street parking and loading space." The proposed conversion will not reduce the development's approved on-site parking or loading area. 6. "A reduction in required pavement widths or rights-of-way for streets or easements." The development does not contain internal streets. - /, ",--, Me. Chris Bendon November 25, 2005 Page 3 7. "An increase of greater than two percent in the approved gross leasable floor area of commercial buildings." The proposed conversion will not affect the development's approved net leasable commercial area. No variations from the development's approved dimension- al requirements are required. 8. "An increase by greater than one percent in the approved residen- tial density of the development." The proposed conversion will not increase the development's approved residential density. No residential units will remain following the conversion. 9. "Any change which is inconsistent with a condition or representa- tion of the project's original approval or which requires granting a variation from the project's approved use or dimensional requirements." The proposed conversion is specifically provided for in the development's approved subdivisionlPUD agreement. To ensure that the proposed insubstantial PUD amendment tracks with the develop- ment's prior approvals, the Applicant requests that your administrative approval docu- ment specifically reference the legal description of the Residences property (see Exhibit A to the Title Commitment), and that you record the document with the Pitkin County Clerk and Recorder. Should you wish, the Applicant's attorney, Art Daily, would be happy to review the document to ensure that appropriate references are made to both Ordinance No. 30 and to the recorded subdivisionlPUD agreement. Should you have any questions, or if I can be of any further assistance, please do not hesitate to call. Yours truly, ,LLC SV:cwv Attachments ,........, /", .......... Me. Chris Bendon November 25, 2005 Page 4 cc: Brooke Peterson John Sarpa Arthur C. Daily, Esq. c:\oldc\bus\city .app\app44 702 .amd . , EXHIBIT b li a / CITY OF ASPEN PRE-APPLICATION CONFERENCE SUMMARY PLANNER: PROJECT: REPRESENTATIVE: OWNER: TYPE OF APPLICATION: DESCRIPTION: Chris Bendon, 429.2765 DATE: 11119/05 Residences at Little Nell Insubstantial Amendment SunnyVann Residences at Little Nell Development, LLC Insubstantial PUD Amendment. The applicant would like to convert the two free-market residential units to timeshare units pursuant to the original approval, which contemplated such a conversion. The project is under construction. Applicable Code Sections: 26.445.100(A) Planned Unit Development (PUD) Amendment 26.304 Common Development Review Procedures Review by: Public Hearing: Planning Fees: Referral Fees: Total Deposit: Staff for complete application and review for approval. No. $660 Deposit for 3 hours of staff time (additional staff time required is billed at $220 per hour) $0 $660 To apply, submit the following information: I. Total Deposit for review of application. 2. Applicant's name, address and telephone number, contained within a letter signed by the applicant stating the name, address, and telephone number of the representative authorized to act on behalf of the applicant. 3. Signed fee agreement. 4. Pre-application Conference Summary. 5. An 8 1/2" x II" vicinity map locating the subject parcels within the City of Aspen. 6. Proof of ownership. 7. A written description of the amendment and a written explanation of how it complies with the insubstantial review standards. 8. A drawing depicting the units being affected by the amendment. 2 Copies of the complete application packet (items 2-8) Notes: The PUD amendment should be recorded and referenced to the PUD Plat and the PUD agreement. Process: Apply. Planner checks application for completeness. Application referred to applicable referral agencies. Applicant is given a public hearing date by Staff. Staff writes a memo of recommendation. Planning and Zoning Commission reviews case and makes fmal decision. [fPlanning and Zoning Commission denies the PUD amendment request, the Applicant may appeal the decision to City Council. Disclaimer: The foregoing summary is advisory in nature only and is not binding on the City. The summary is based on current zoning, which is subject to change in the future, and upon factual representations that mayor may not be accurate. The summary does not create a legal NOU-17-2005 10:24 FROM:HOLLANO & V"'T 9709259415 TO:970 920 9310 , , EXHIBIT I z COMMITMENT FOR TITLE INSURANCE SCHEDIJLE A 1. Effective Date: September 12, 2005 at 8;00 AM Case No. PCT19258PRO 2. Policy or Policies to be issued: Proposed Insured: AmountS 0.00 PremiumS 0.00 Rate: (a) AlTA Owner's Policy-Form 1992 Proposed Insured: AmountS 0.00 PremiumS 0.00 Rate: (b) AL T A Loan Policy-Form 1992 Proposed Insured: AmountS PremiumS Rate: (e) AL TA Loan Policy-Form 1992 Tax Certificate: $ 3. Title to the FEE SIMPLE estate or interest in the land described or referred to in this Commitment is at the effective date hereof vested in: THE RESIDENCES AT LITTLE NELL DEVELOPMENT LLC, A DELAWARE LIMITED LIABILITY COMPANY 4. The land referred to in this Commitment is situated in the County of PITKIN State of COLORADO and is described as follows: See AUached Exhibit "A" PlTKIN L"'OLTNn'TlTI.Fy INc.:. (<II E. lIOI'l<lNS, ASPEN, CO. 81611 970..925-1766 Phonp./1J7U-Y2S..os27 F.lll 877.217-31511 "0111..0 Schedule A-PG.1 This Commitment is invalid unless the Insuring Provisions and Schedules A and B are attached. AUTHORIZEJ.) AGENT Countersigned: ~ Received Time Nov. 17. 5:24PM NOU-17-2005 10:24 FROM:HOLLAND & I~ 9709259415 TO:970 920 9310 " P.3/7 EXHIBIT "A" LEGAL DESCRIPTION LOT 1. RESIDENCES AT LITTLE NELL SUBDIVISION/PUD. according to the Final Plat thereof recorded May 17, 2005 in Plat Book 73 at Page 21 8S Recaption No. 510209. Received Time Nov. 17. 5:24PM NOU-17-2005 10:24 FROM:HOLLAND & I 'T 9709259415 TO:970 920 9310 P.4/7 SCHEDULE B - SEcnON 1 REQUIREMENTS The following are the requirements to be complied with; ITEM (a) Payment to or for the account of the grantors or mortgagors of the full consideration for the estate or interest to be insured. ITEM (b) Proper instrument(s) creating the estate or interest to be insured must be executed and duly filed for record to-wit: THIS COMMITMENT IS FURNISHED FOR INFORMATIONAl PURPOSES ONLY, IT IS NOT A CONTRACT TO ISSUE TITLE INSURANCE AND SHALL NOT BE CONSTRUED AS SUCH. IN THE evENT A PROPOSED INSURED IS NAMED THE COMPANY HEREBY RESERVES THE RIGHT TO MAKE ADDITIONAl REQUIREMENTS AND/OR EXCEPTIONS AS DEEMED NECESSARY. THE RECIPIENT OF THIS INFORMATIONAL REPORT HEREBY AGREES THAT THE COMPANY HAS ISSUED THIS REPORT BY THEIR REQUEST AND ALTHOUGH WE BELIEVE ALL INFORMATION CONTAINED HEREIN IS ACCURATE AND CORRECT, THE COMPANY SHALL NOT BE CHARGED WITH AIiN FINANCIAL LIABILITY SHOULD THAT PROVE TO BE INCORRECT AND THE COMPANY IS NOT OBLIGATED TO ISSUE ANY POLICIES OF TITLE INSURANCE. Received Time Nov. 17. 5:24PM NOV-17-2005 10:24 FROM:HOLLANO & ,-..- 9709259415 TO:970 920 9310 (e ., P,5/7 SCHEDULE B SECTION 2 eXCEPTIONS The policy or policies to be issued will contain exceptions to the foliowing unless the same are disposed of to the setisfaction of the Company: 1. Rights or claims of parties in possession not shown by the pUblic records. 2. Easemenls. or claims of easements, not shown by the public records. 3. Discrepencies, CQf'lflicts in boundary lines. shortage in area, encroachments. any facts which a correct survey and inspecUon of the premises would disclose and which are not shown by the publie records. 4. Any iien, or right to a lien. for services. labOr, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 5. Defects, liens, encumbrances. adverse claims or other matters. if any, created, first appearing in the pubfic records or attaching subsequenllO the effective date hereof but prier to the date the proposed insured acquires of record for value the estate or inlerest or mortgage thereon covered by this Commitment. 6. Taxes due and payable; and any tax, special assessment. charge or lien imposed for water or sewer service or for any other specialla~ing district. 7. Reservations and exceptions as set forth in United Slates Patent recorded August 26, 1949 in Book 175 at Page 298. 6. All interest in all oil. gas and other mineral rights, as set forth in instruments recorded January 28. 1957 in Book 178 at Page 541, Decree recorded May 13, 1966 in Book 184 at Page 7 and Deed recorded March 24,1960 in Book 190 at Page 204. 9. Terms, conditions. provisions and obligaUons as set forth in Development Order of the City of Aspen Community Development Department recorded January 12. 2005 as Reception No. 505925. 10. Terms, conditions, provisions and obligaUons as set forth in Grant of Water Une Easement recorded May g, 2005 as Reception No, 509850. 11. Terms. conditions, provisions and obligations as set forth in Weterline Relocation Agreement for The Residences at UlIIe Nell SUbdlvisionlPUD recorded May 12. 2005 as Reception No. 510044. 12. Terms. conditions. provisions and obligaUons as set forth in Tieback Easement Agreements recorded May 17.2005 as RecepUon No's. 510187. 510188 and 510189. 13. Terms, condiUons, provisions and obligations as set forth in Revocable Encroachment Licenses recorded May 17,2005 as Receplion No. 510205 and 510206. 14. Terms, conditions, provisions and obligations as set forth in Ski Tl'ail Easement Agreement recorded May 17.2005 as Reception No. 510207. t5. Terms, conditions, provisions and obligaUons as set forth in The Residences at Ullle Nell Covenant Regarding Utilily Easements recorded May 17, 2005 as Reception No. 510208. (ConUnued) R.r.iu.d Tim. Nnv 17. S:?4PM NOU-17-2005 10:24 FROM:HOLLANO & I 9709259415 TO:970 920 9310 '", P.5/7 SCHEDULE B SECTION 2 EXCI!I'1'IONS - (Continued) 16. Easements, rights of way and all matters as disciosed on Plat of subjeot property recorded May 17.2005 in Plat Book 73 at Page 21 as Reception No. 510209 and Improvement Location Survey of The Residences at Little Nell Development, LLC, Property, recorded May 17, 2005 in Plat Book 73 at Page 60 as Reoeption No. 510215. 17 . Terms. conditions, provisions and obligations as set forth in SUbdivisionlPUD Agreement for The Residencas at Ultle Nell SUbdivisionIPUD recorded May 17, 2005 as Reception No. 510210. 18. Terms, conditions, provisions and obligations as set forth in Improvements and Easements Agreements recorded May 17, 2005 as Reception No. 510216. 19. Deed of Trust from: THE RESIDENCES AT LITTLE NELL DEVELOPMENT LLC, A DELAWARE LIMITED LIABILITY COMPANY to the Public Trustee of the County of for the use of : ALPINE BANK original amount : $5.500,000.00 dated : July 1, 2002 recorded : July 1, 2002 reception no. : 469J47 20. Deed of Trust from: THE RESIDENCES AT LITTLE NELL DEVELOPMENT LLC, A DELAWARE LIMITED LIABILITY COMPANY to the Public T ruate" of the County of for the use of : ALPINE BANK original amount : S5,280,000.00 dated ; July 28, 2004 recorded : July 29, 2004 reception no. : 500220 R,,,;,,d Time Nov. 17. 5:24PM EXHIBIT i-p November 17, 2005 Mr. Chris Bendon, Director Aspen Community Development Department 130 South Galena Street Aspen, Colorado 81611 Re: Permission to Represent Dear Mr. Bendon: Please consider this letter authorization for Sunny Vann of Vann Associates, LLC, Planning Consultants, to represent us in the processing of our insubstantial PUD applica- tion for the Residences at Little Nell. Mr. Vann is hereby authorized to act on our behalf with respect to all matters reasonably pertaining to the aforementioned application. Should you have any questions, or if we can be of any further assistance, please do not hesitate to call. Yours truly, THE RESIDENCES AT LITTLE NELL DEVELOPMENT, LLC, a Delaware limited liability company rized Signatory o:\oldc\bus\city .Ltr\ltr44702. Cb6 " /' , EXHIBIT ';",./ ~" j -I- APPLICANT: LAND USE APPLICATION Name: 7$~~ A'/r arra:: r--/8X /::1EV~-/.~ ac- 535 /?54~ v'6. ~ e.// (Indicate street address, lot & block number, legal description were appropriate) Location: REPRESENTATIVE: Name: Address: Phone #: ~HY" \4p.//-/ V4'A/~;::::;;'/~ a:c Z3c 64ST #f/'n/#~. ~ Cd 8/<:::// 9ZS-~9.:::,-;g , PROJECT: Name: Address: ~ ~/':OIces: 4r ~ H=z~ "55:> /~"-/ 4vf!S. --1~. ~ 8~/ , , Phone #: TYPE OF APPLICATION: (please check all that apply): 0 Conditional Use 0 Conceptual PUD 0 Conceptual Historic Dev1. 0 Special Review 0 Final PUD (& PUD Amendment) 0 Final Historic Development 0 Design Review Appeal 0 Conceptual SPA 0 Minor Historic Dev1. 0 GMQS Allotment 0 Final SPA (& SPA Amendment) 0 Historic Demolition 0 GMQS Exemption 0 Subdivision 0 Historic Designation 0 ESA - 8040 Greenline, Stream 0 Subdivision Exemption (includes 0 Small Lodge Conversion! Margin, Hallam Lake Bluff, condominiumization) Expansion Mountain View Plane ~ Other: 0 Lot Split 0 Temporary Use 0 Lot Line Ad' ustment 0 Text/Ma Amendment /~-,q~~ /CV/? ,.efh ')'? EXISTING CONDITIONS: ~ t!!:./"'?rC!e /-fl~ /T66/~-fC- c.W't7t" 70 ?X;.fc77c=W-1'C- ~//""'" ~~ you attached the following? M .Pre-Application Conference Summary lid" Attachment # I, Signed Fee Agreement o Response to Attachment #3, Dimensional Requirements Form ~esponse to Attachment #4, Submittal Requirements- Including Written Responses to Review Standards FEES DUE: $ t'ZC> - RETAIN FOR peRJUJtEM1' RECORD "<........ /' " ........ EXHIBIT I' " j D S '5 CITY OF ASPEN COMMUNITY DEVELOPMENT DEPARTMENT Al!reement for Pavment of Citv of Asoen Develooment Aoolication Fees crD:."OX ASPEN (hereipafte~~l}2 and ~ ~~.r~ Af-r" ~e 4E5c:.c. ,r -ev'~o"""'/-7'<! 7":'" CU::: (hereinafter APPLICANT) AGREE A( FOLLOWS: I. ~~P~ has submitted to CITY an ~lication for ~ ,.....- ft 'Ai(,L/T7A/c.. r=u'? / ;t!SV/?/~~, (hereinafter, THE PROJECT). 2. APPLICANT understands and agrees that City of Aspen Ordinance No. 57 (Series of 2000) establishes a fee structure for Land Use applieations and the payment of all processing fees is a eondition precedent to a detennination of application completeness. 3. APPLICANT and CITY agree that because of the size, nature or scope of the proposed project, it is not possible at this time to ascertain the full extent of the costs involved in processing the application. APPLICANT and CITY further agree that it is in the interest of the parties that APPLICANT make payment of an initial deposit and to thereafter pennit additional costs to be billed to APPLICANT on a monthly basis. APPLICANT agrees additional costs may accrue following their hearings and/or approvals. APPLICANT agrees he will be benefited by retaining greater cash liquidity and will make additional payments upon notification by the CITY when they are necessary as costs are incurred. CITY agrees it will be benefited through the greater certainty of reeovering its full costs to process APPLICANT'S application. 4. CITY and APPLICANT further agree that it is impracticable for CITY staff to complete processing or present sufficient infonnation to the Planning Commission and/or City Couneil to enable the Planning Commission and/or City Council to make legally required findings for project eonsideration, unless current billings are paid in full prior to decision. 5. Therefore, APPLICANT agrees that in eonsideration of the CITY's waiver of its right to collect full fees prior to a detennination of applieation completeness, APPLICANT shall pay an initial deposit in the amount of $ which is for hours of Community Development staff time, and if actual recorded costs exceed the initial deposit, APPLICANT shall pay additional monthly billings to CITY to reimburse the CITY for the processing of the application mentioned above, including post approval review at a rate of $220.00 per planner hour over the initial deposit. Such periodic payments shall be made within 30 days of the billing date. APPLICANT further agrees that failure to pay such accrued costs shall be grounds for suspension of processing, and in no case will building permits be issued until all costs associated with case processing have been paid. By: Chris Bendon Commnnity Development Director CITY OF ASPEN g:\support\forms\agrpayas.doc 11130/04 Billiag Address and Telephone Number: Required . " L.._ ~Z~~~""v6'. ~f"~cz,8~/ 9;V/~#-~ , RETAIN FOR PERILt.MENT EORD " ~* ~~ . ./ '\ ! , i I , i Q ~~ ", ~ , f-- UJ UJ go '" ~ UJ ~ ~ i I I I I I I A'! d{ ill qi ;!:I I I I I , (" l , ,/ LiJ ml u ~ ~~I u / ./ ~ ~"~ ,,~~ ~ ~ 'i!1 ! -r1---p-p~ 10 \ \ 0 ~ I I od~ I, I Zw I I ~~ \ II @~ , II F-'3 1\,. uJ'" I I >1- I I Wz \ i ~::> ! I t-..J \ I I f3~ II i a~ i 111 ~ , ' w , I 0: ", ~11!1 · 11" '\, /1f~f Q"'~'W:/ /~ \ 'I lI,l 'J " / / ,I /' // / I ; " '/ / /// I [I I '/ ' ~/ II' : (8' 1/:1;//. I i I " /1/ til I I :../, / l/ U I II i ( ; ! / ~ I 'I; ! : . 1// I -L ~ [ ,-i'2L..L -0 -.......-1 I I , I. : I 1 , I. / I \ ,/ l]/// V Hi ill !II jlL ",:i<"" O~~ :i~~ - nI en h g . CI) "Cl "iij CI) a::: -J-- Q) 1/ -= .' l- I I -" ,1% ':~I, EXHIBIT I~ _ 0 '4;j!i! z~ -lg Q) ~ <l'l <II 1-0 =< 1-'8 :::i ::;;J tD~ "I "" o " " ~ .. z - ~ 0; Z '7. ~ ;; ~. ~~ - ." ;::::: ": <: :~ ~ ~; 0" c. "\ ( ! , i i >- ! :J:: , g: II '" ~~ I ~ ~ I I ./ I !~ I I:~ ~ ~ I~I o Ill! , , !II, P I "., -..- PH i ~". h~ ~ 8 / ~_u_~_u oj-I 0 , ~~ll: l::::jS "'!!2'" /,"" =~GlI Q).2 ~ z~ ...J8 G) g ;:~ =<1: I-~ :.::i ~~ CQ ~1Il "'. en . CI) " ~~ g ~ o CI) ~ "CI '" "r;;; ~ CI) ~ a:: CI) .c I- ..J z :5 0. ...~ UJ z> :5~ 0.", UJUJ UJo. "'0. :I:=:> >-< LL1c >z UJ=:> ~~ ~~ UJt- =:>z coUJ " 0; UJ '" 01 ~ ~ ::.. :. :::: .: "" :; ~ ~~ en v; ~ :~ ~ ....,. ~"~ ~" . >- Iii ~ '" ;? UJ ~ <!i ; --/ -" , ~~ "~ ~ x i I / / r----.., / i / / /~ /1 / ~ UI Illi I ,'", ....."......... /" /" H L~ (:1 \LI :r:L- !i li I ~ I JI ~~ ,. \1 1 / i ---'-- - .~ -. 5.Q . ~l'-, I ,/ I I ,// ~I ./ ./ I I ,./ / : ~/ / lil~~ ~~;g ~< '\ ~~ cu~1J z ~ ...Jg cu ~ <t;~ -:! 1-:;; = ~o ::i ~d .... :JI IV ~. en . CIl 0 U " C ~ CIl ~ 't:l <( "U; z CIl ~ a:: CIl J:: I- ..-" !~ ~~ ~~ <llz !:::) Z"- "..-" ..-"W <> t-w Z..-" Wo; Clw roB: ili" 01 ~ ~ ~ a ~ ~~ "" -" "" :~ :g :~ Co , ''\ '\ ( I i i;j I , I UJ i g: I I ~ U) ~~ i ~ I... a: UJ -' I t3 )t.'j I ~ I ) ~ ~ I ~. .~ 0, ~ . , / Ol ~ u; ~ ~~~ ~~~ o ~ ~~~! 8 /' , ....~'".. / - III ~~ Ul ~ ~ Q) u r~; 0 c Q) '" "CI .- Ul Q) a::: 17 Q) .c ~ (/. nu,_' ~~ -:::~-----c_, r~ - . . ...~~ ~~-" :i<:'" -' IDZ !=::i za. =>-, -,w ~[ij z-' wo: Ow oo~ wo 0:-, =~IISI Q) - :iIIi: z:~ c ~~ ~ j ~o :t:: ~~ ::J ~, "" " " => ~ -' '" z ~ 01 z ~ ; l~ <' ~~ en :~ ~ :~ Q. n lilllfilllU IIII ~1~ ::" ! "SILVIA DAVIS PITKIN COUNTY CO R 76.00 D 0.00 01"ll~ncli~~: 36 (SER.tES'OF2004) . AN ORDINANCE OFTImcrtYCOtJNerL OF TIrE Crrv OF ASPEN, COLORADO, APPROVING FINAL PLANNE:Q UNI'tDEVEWi>:MEN'r, GROWTH MANAGEMENT QUbtA SXSil'~M(GMQSrE~fr6NS;' SUBDIVISION, CONDOMINIUMI.ZATi6N,T1:MF:S~~~AMENDMENT TO THE OFFICIAL WNINGMAP; AND ACCEi''iiN'GAbElJfCATi6NOF LAND FORPUBLlC-RIGHT-WAYIMPROVEMENTSIrOlfmE"ltESIDENCES' AT LITTLE NELL, LOCATED AT53!ibEXN'AVENt1E;ANl>A.'N'" AMENDMENT TO THE LI'fT1,E NELLSPEClALtYJiLANNED AREA, LOCATED AT 675 EAsT DtJRANT AVENUE:-C1.'tY'U1l'"ASPEN;pITKiN . '. COUNTY, COLORADO. . EXHIBIT 7' t:::"\ .' ,_.cc~ . ._C,'_ . . Parcel II> (ripple Lodge Parcel): 2737-182-36945 Parcel II> (ripple Inn Parcel): 2737-18M629i Parcel II> (rippler ParCel):2737-18~96033 . Parcel II> (Conservation Parcel): 2737-182-36877 ParceIID (Aspen Skiing Company Parcel): 2737-182~0_080 Parcel ID (Little NeUHiittil Plircel):2737-182-SOio2 . Parcel II> (Benn Residence): 2737-182-96002 ParcelID (Anderman Residence); 2737-182-96005 Parcel ill (Jacoby Residence); 2737-1~9'6004 . Parcel In (WeStpill:Residence):2737-18M6003 WHEREAS, the Community Development Department received an application from: the Aspen Lan!iFund, LLC' (Applicant), represented by Sunny Vann of Vann Associates, requesting approval of a Final Planned Unit Development (PUD), Growth Management Quota System (GMQS)Exemptions,Subdivision, Condomllii~lrni7"tion, Timeshare approval, Special Review, Amendment to the Qfficilll Zoning Map, Special Planned Area Amendment, 8040 GreeDline Review, and a dedication ofland to the Dean Street right-of-way for the Residences atLittle Nell Planned Unit Development; and, WHEREAS, the application subniined for ihe Residences at Little Nell (plans' dated May 1, 2004) proposes a 1 08,000 square foot, multi-story structure consisting of 24 timeshare units, 8 hotel rooms, 2 condominium units, 8 affordable housing units, .' approximately 8,900 'square feet of commercia! space, and a 70 space sub-grade parking garage; and, . WHEREAS, the Community Development Department received referral comments from the Aspen Consolidated Sanitation District, City Engineering, Building Departmen~ Fire, Streets, Housing, Environmental Health, Parks and Water Departments as a result of the Development Review Committee meeting; and, WHEREAS, said referral agencies and the Aspen Community Development Department reviewed the Final Planned Unit Development (PUD), Growth Management c., Quota System (GMQS) Exemptions, Subdivision, Condominiumization, Timeshare, City of Aspen OrdinanCe No. 30. . Series of 2004. Page 1 ,...." ,......., ......,' ImllUIWlllm u Ii ~~~~~ ::.. , " SILVI~ O~VIs 'PITKIN COUNTY CD R 76.00 D 0.00 /...- Special Review, Amendment to the Official Zoning Map, Special Planned Area ", Ainenament, and 8040 Gfecmfuie RevieW aitd recommended approval with conditions; and, WHEREAS, pursuant to Section 26.430 of the Land Use Code, Special Review approval may be granted by the Planning and Zoning CoIillnission at a duly noticed public hearing after considering recqIllInendations by the Community Development' Director, and relevant referral agencies; and, WHEREAS, pursuant to Section 26.435 of the Land Use Code, 8040 Greenline Review approval may be granted by the Plannine and Zoning Commission ,at a duly noticed public hearing after considering recommendations by, the Community Development Director, and relevant referral agencies; and, ' WHEREAS, pursuant to Section 26.310 of the Land Use. Code (Amendment to the Official Zone District Map, Section 26:440 (Special Plaimed Area&.- Amen.dment), SeCtion 26.445 (Final PlarinedUnitDevelopment), section 26.<f70'XGToWtb. Management Quota System Exemptions), Section 26.480 -(Subdivision and CondomIDiumization); Section 26.590 (Timeshare) approval may be granted by the City Council at a duly noticed public hearing after considering recoIlllI1endations by the Planning and Zoning Commission, the Community pevelopment Director, and relevant referral agencies; and, WHEREAS, at their regularly scheduled meeting on June 2, 2004, the Aspen / Pitkin County Housing Authority forwarded a nnanimous recogunendation of approval with conditions to City COUncii toapprcivethe proposed. affordable housing mitigation - 'and replaeementuniis for the Residences at Little Nell; and WHEREAS, Final Planned Unit Development (PUD), Growth Management Quota System (GMQS) Exemptions, Subdivision, Condomininmi7"tion, Tiineshare, Special Review, Amendment to the Official Zoning Map, Special Planned Area Amendment, and 8040 Greenline ReView bY the Planning and Zonmg Cowssion requires a public heariD.g lind this application was reviewed at a public hearing where the recommendations of the Community Development Director and comments from the public were heard; and, WHEREAS, the subdivision approval is for the amendment to the Little Nell Subdivision and adjacent Aspen Skiing Company parcel to create parcels to be conveyed and become part of Lot #1 Residences at Little Nell Subdivision, a replatting of the Tipple Woods Subdivision dissolving and replacing all former plats and remnubering former Lots 4; 5, and 6 as new Lots 1, 2, and 3', creation o(Lot #1 of the Residences at Little Nell Subdivision with new easements and boundaries and eliminating all former intemal property boundaries and easements, creation of multi-family units on Lot #1 Residences at Little Nell Subdivision, and creation timeshare' estates on Lot #1 Residences at Little Nell Subdivision; and, , WHEREAS, during a regular meeting on August 3, 2004, the Planning and Zoning Commission opened a duly noticed public hearing to consider the project and continued the public hearing to August 10, 2004; then continued it to August 17, 2004 A w1iere the Planning and Zoning Commission approved the request for Special Review and , ,..." city of Aspen Ordinance No. 30, Series of 2004. Page 2 r'\ f"'o; r-, "." ....., - In~lmUWBI Blla I.~~,~~ ::.., .~SILVIA DAVIS PITKIN COUNTY CO R 76.80 D 8.00 ..- the 8040 Greenline Review. and.rec(jmme!1ded City Council approve the Final Planned '- ,'- -,' ,,"- --. "''"'--..--'--'~ .-i "-'_",...".,~-_ -:'-' . .r'.' ,-". ..-'c,.,_.."t.-!.:,:,.,";;:..,.,.....:,,',_~J"..::-_..,__.,._~-. _ _. .._... '. UIiit Development (PUD), Growtli Management Quota System (GMQS) Exemptions, Subdivision, Condominiumizatian, Timeshare, Amendment ta the Official Zoning Map, and Special Planned Area Amendment by a four to zero (~O) vote, With the findings and conditions listed hereinafter; and, . . WHEREAS, the Aspen City Council has reviewed and considered the application according to the applicable provisions of the Municipal Code as identified herein, has reviewed and considered the recommendation of the Comrinmity Development Director, the Planning and Zoning Commission, and has taken and considered public Comment at a public heariIig; and, . WHEREAS, the City Cauncil finds thatthe applicatian meeting or exceeding all applicable standards of the land use code of the City of Aspen Municipal Code and that the appraval . of the proposal is consi~t with the goals and elements of the Aspen Area Community Plan; and, . WHEREAS, the City Council finds that the application for rezoning meets or exceeds the applicable standards for rezoning, including whether the prop6sedamendment . is in conflict with any applicable portions of this Title, whether the proposed ainendment is consistent with all elements of the Aspen Area Community Plan, whether the proposed amendment is compatible with surrounding zone districts and iand uses, considering existing land Use and neighborhOod characteristics, the effect of the proposed amendment on traffic generation and road safety, whether and the extent to which the proposed amendment.. would .result ..in demands .on.. public facilities,' and whether and .the . extent to ~JriCh'c~.prbp~secC~e~~r.~oUid'- exceed the caPacity .of such public facilities, including but not limited to transportation facilities, sewage facilities, water supply, parks, chainage, schools, and emergency medical facilities, whether and the extent to which the proposed amendment would result in significan.tly' adversl; impacts on the natural environment, whether the proposed amendment is consistent and compatible with the community character in the City of Aspen, whether there have been changed conditions . affecting the subject parcel or the surrounding neighborhood which support the proposed amendment, whether the proposed amendment would be ill coirllict with the public interest and whether it is in harmany with the purpose and. intent of this Title, staff analysis of these standards included in Exhibit C of the September 27, 2004, staff memorandum to City . Council, and comments and testimony provided by the public during public hearing; and, WHEREAS, the City Council finds that this Ordinance furthers and is necessary for the promotion of public health, safety, and welfare. NOW, THEREFORE, BE IT ORDAINED BY TIlE CITY COUNtIt OF l1IE CIty . OF ASPEN, COLORADO as follows: .... . . The ResidenCes at Little Nell project is hereby approved, subject to the conditions of approva1listed hereinafter. Section 1: Rezoninl!: City of Aspen Ordinance No, 3D, Series of 2004. Page 3 r-, ~. ,....., . ',-,.: .-. /-,.- ......,..... The, Official Z<Jlle Distri.ct.. Map of the City .of Aspen 'shall. be, upon filing of the . SubdiVision plat and FiniII POO PliuiS,amertded by the Community Development Director to reflect Lot # I o.f the Residences at Little Nell as inclu~ed in the COmmercial Lodge (CL), Conservation (C), andLod~eToUristltesidential (LTR) zone districts, as depic,:.t~iI! E1iliibit A to this Ordinance and to be more precisely delineated on the ZOning Map of the Final POOPlans. .' .. .... ..... - . - '. . .- . Section 2: Proiect Dimensions . . Considering the dimensions of the underlying zone districts of the Residences at Little Nell property as a guide, the following dimensions of the project ~ approved and shall be reflected in the Final POO Plans: . \1111.g"I"IJ~;~~.E;.,.. '. 5.1 LYIFl ~V:~_P~~~_~.., _,,,,_"_'~;'. ;,o".",.:b.~~~,~~:::2''';~.~-&-;;~;::i,''':~~:;'Y:~'7i-""~:-:.;:~'.:.';'''''j'-:_..:~-,,:.':: -;,::<:,,,,_,::>:~\,,,,,...J .<--'.;0.'_,.;' ~?:;::~,_}<?,,';:;_ _"::. .-.'--,'.~ .. ..;_:.-,,,.... ,',". / City of Aspen Ordinance N.o. 30, Series of 2004. . Page 4 ~ Minimum Lot Size 66,737 Square Feet Minimum Lot Area per Dwelling No requirement Unit Maximum Allowable Density No requirement . 24 units, comprised of 19 thiee-bedroom units Timeshare units and 5 four-bedroom units. 16 of the timeshare units include "lock-off' units for a total of 40 rentable divisions. LoMe Units 8 units 2 Free-market units. Also see Section 9. Residential Units 8 Affordable Studio units. Also see Section 8 . 206 feet measured along the Dean Avenue Minimum Lot Width right-of-way. Minimum Front Yard Setback o feet Minimum West Side Yard Setback o feet . Minimum East Side Yard Setback . o feet Minimum Rear Yard 4 feet Maximum Site Coverage As represented on Final Pun Development Plan. Reference drawine: #9 of application. As represented in the recorded Final pun" Plans Height Plan. Also see Section 3. Maximum Height Reference drawing #30 of application. The recorded Height Plan shall govern over the application drawin,gs. Min. Distance between Buildings No Requirement o percent, provided areas outside the birilding Min. Percent of Open Space footprint shall only be developed according to the Final pun Development Plan. Reference drawing #9 ofapplication, Allowable External Floor Area 108,000 square feet. 2 short-term spaces within the porte-cochere Minimum Off-Street Parking Spaces I 70 spaces within the underground parking garage. Reference drawings # 1 0 and # 11 of application. , /" 'lllllllljlll1llllllllllllll~~~1~;~ :i: 06R , SILVIR DAVIS PITKIN COUNTY co R 76 80 D 8 00 f""\. Section 3: Hehilit Plan The. Final PUD Plans shall include a height plan depicting the heigllt of the building at various points relative to the lower of existing or proposed grade and relative to a fixed elevation control point. 1"'"\ Section 4: Multi-Familv Housinl!: Replacement ProlUam The Development Order issued commensurate with final approval by City Council shall constitute. a "Certificate of C()mpliance" in accordance with Chapter 26.530 - Multi- FainilyH6using Replacement Program. City of Aspen Ordinance No. 30. Series of 2004. Page 5 "'"' r-... -.,,-, .......~ l""\ . IIIIIIIIII~ III nil II II If \'SILVIR DilIiISPITKIN COUNTY co 504168 Section 5: Impact Fees . .'. . . Park Im/Jact Fees of $58,315.~5 shall be assessed. Amendments to the Project or to the fee schedUle adopted prior to issuance of a buildingpennit shall. require a new (;8}cUlation. 'The following fee total is based on tl1e current fee schedule: Park Fees - Proposed Development: 8 Studio affordable housing units @ $1,520 per unit 8 studio lodge units@ $1,520 per unit 19 three-bedroom lodge units @ $3,634 per unit 5 four-bedroom lodge units @ $3,634 per unit 2 four-bedroom residential units @ $3,634 per unit 8;900 square feet of Commercial @ $1,785 per 1,000 s.f. . Total Page; 6 of 15 11/15/2004 11:06R R 76.00 0 0.00 " = $12,160 = $12,160 . = $69,046 =$18,170 . = $7,268 =$15,886.50 = $134,690.50 A- Park Fees - Credit for Existing Development: 2 Studio residential units@ $1,520 per unit 10 studio lodge units@$1,520perunit 3 one-bedroom units@$2,120 penini.t 9 two-bedroom units@ $2,725 per tmit . 1 four-bedroom unit@ $3,634 per unit 13,230 squarefeet of commercial @$1,785 per 1,000 s.f. . . ." ". Total Credit = $3,034 ";$15,200 = $6,360 = $24,525 = $3,634 = $23,615.55 = ($76,374.55) Total Park Impact Fee Due = $58,315.95 School Land Dedication Fees are assessed based on one-third the value of the' unimproved land divided by the proposed number of residential units on a per acre basis. The City of Aspen verifies the unimproved land value of the lands imderlying the Project to be $28,357,900 from information on recent transactions provided by the applicant. Divided by the 1.55 acres of land area (67,618 square feet),tlns results in a per acre value of $18,295,419. One-third of this value divided by the proposed 10 residential units results in a $609,847 per acre . standard for- ca1cUlatingtheimpact fee. The subject subdivision is not conducive to locating a school facilltY~and acasli~in-lieu payment shall be accepted. School Land Dedication Fees are follows, payable at building permit issuance: ~ 1/3 land Land Per unit Number value per Dedication Fee of Units . unit per standard acre (acres) Studio/One $609,847 .0012 $731.81 8 $5,854:50 bedrOom ...... -.. Two Bedroom $609,847 ,0095 $5,793.55 0 $0 City of Aspen Ordinance No. 30,' Series of 2004. Page 6 1""'\ . . .~ - ,.",. Three ... '. ... $609,847 .0162 $9,879.52 0 $0 Bedroom Four Bedroom $609,847 .0248 $15,124.20 2 $30,248.40 .. Total: $36,102.90 ItmllllU 1.11 n .~~~~ ::._ SILVIR ORVIS PITKIN COlM'Y CO R 76.80 0 0.80 Amendments to the Project or to the fee schedule adopted prior to issuance of a building permit shall require a new calculation. The above fee tOtal is based on the current fee schedule. . Section 6: Water DeDartment Standards The applicant shall comply withthciCity of Aspen Water System Standards, with Title 25, and with applicable standards of Municipal Code Title g (Water Conservation and Plumbing Advisory Code) of the Aspen Municip8.J. Code, as required by the City of Aspen Water Department. Section 7: Sanitation District Standards The applicant shalleomply With the Aspen Consolidated Sanitation District's rules and regulations. No clear water ccinnections (roof, foundation, perimeter diains) shall be allowed to ACSD lines. All improvementS below' grade shall require the Use of a pumping station. ~ Section 8: Affordable Housinl!: .'. . . . . Th~ applicant shall provide affordable housing mitigation for 60 Full-Time Equivalents in the following IIlaimer: . · Eight studio rental units to be constructed on site and restricted to Category 2, . :. Fifteen units to be provided by the "buy down" of the Obermeyer Resident Occupied (RO) one-bedroom units. Seven of these units shall be Category 2 and eight shall be Category 3. . · Eight three-bedroom for-sale units to be constructed at the AspenAirport Business Center (AABC), known as the Alpine Grove Condominiums. Three of these units shall be Category 2 and 5 shall be Category 3. A Certificate of Occupancy for the Residences at UttIe Nell shall not be issued until such time as Certificates of Occupancy for the deed restricted affordable housing units, which are required for mitigation, have been issued. .. . The employees to be housed in the deed-restrietedunits shall meeftlie qualification criteria contained within the APCHA Guidelines and the Obermeyer buy~own units shall be governed by the City Councif approvals for the ObermeyerPlace project The applicant shall structure a deed restriction for the eight on-site studio rental units such that 1/lOlh of I % of those units are deeded in perpetuity to the APCHA; or the applicant may propose any other means that that APCHA determines acceptable. ,...., City of Aspen Ordinance No. 30, Series of 20M Page 7 r-. ' L~ f'"'. " "., 1111111~1111111111111II111 ~~~~~~~;~;~ : 06A SILVIA [)AVIS ~ITKIN COUNTY CO R 76.00 D 0.00 Employees to be housed in 'the deed-n::stnctedJlIllts shall meet the mtnunum occupancY requirements under the APCHA Guidelines. The deed restriction, shall be reCorded concurrently with the recordation of the condominium map to the City of Aspen and shall abide by all res1rictions as stated in the Guidelines. ......... Section 9: Conversion of Free-Market Residential Units to Timeshare Units The two f!ee market ~ondominium units maybe condominiumizedaridSoldaswholly- owned residential unitsand occupied on a short- or long-term basis. These two units may be converted and included as part of the timeshare use plan pursuant to an Insubstantial PUD Amendment. Sedion 10: Subdivision Plat & FiJialPUUPlliris Within 180 days after final approval by City CoUncil lUld prior to applying for a Building Permit, the applicant shall record a Subdivision Plat lUld a Final PUD Developmen(Plan. ' ,.',........ The Subdivision Plat shall comply with current requirements of the City Community Development Engineer lUld shali include: 1. The final property boundaries and disposition of lands to be dedicated to the Dean Street right-of-way. 2. The location of Revocable Encroachments for physical improvements within public rights-of-way, with reference to agreements and licenses appended to the . Pun Agreement. '"" . -,' '-- .,-.-:.....--...';;...; '. "-' ~\-:. '.~ . . . ,_.--~., 3., The location of utility pedestals with access easements for the utility provider. Transformers .and pedestals shall be located outside of the public right-Of-way. 4. The applicant shaIl provide the final approved Subdivision line data or survey description data describing the. revised street lUld parcel boundaries to the Geographic Information Systems Department prior to applymg for a building permit. The final building location. data, including any amendments, shall be provided to the GlS Department prior to issuance of a Certifi~ of Occupancy, The Final PUD Plans shall include: 1. An illustrative site plan wiihadeqlla.1:e snow Stoiage areasanclJor snow melted arells depicted. Approved project dimensions shall be priIited on the :fiDai. illUstrative plan. 2. A landscape plan showing location, amount, and species oflandscape improvements with an irrigation plan with a signature line for the City Parks Department. 3. Design specifications and profiles for the Dean Street iln:t>tovements. To the extent practicable, the design for Dean Street iniprovements shiili be consistent with any final master design plan adopted by the City for Dean street improvements. f -., . -. -., 4. An architectura1 character plan demonstrating the general architectural character lUld depicting materials, fenestration,. projections, and locations of projections such as elevator shaft heads, mechimical equipment, etc. Mechanical equipment shall be screened from pedes1rian view. City of Aspen Ordinance No. 30, Series of 2004. Page 8 .~ r- ....... '- '-' m 111111111 ~ 111111111111 ~~~:~~~;~ : 06A ,-SILVIA DRVIS pnKINCOUNTY_~":'_ ..- Jf:7$.00 ,0 0,.00. '. / 5. Floor plans of each level depicting unit divisions and plazaleve! ~mprovernents. -'.;__' .;... _'ct.-,__, -J"":,,, ".,."......- - .~...~,.-~. -,'7~ :.>_.::...,...,.',' ,:,''''''''''''~-_'"'-'''''-''''''''''~'' . '0 '.'"........-,.,..,.".,.,.. _h.._ ~. ,'<.". ';- ~ "- - . . '< 6. A utility plan meeting the standards of the City Engineer and City utility agencies. 7. A grading/drainage plan, including an erosion control plan," prepared by a Colorado licensed Civil Engineer, which inaintai,,~ sediment and debris on-site during and after cOnstruction., If a ground recharge system is required, a soil percolation report will be required to correctly size the facility. A 2.year storm frequency ShOllld be =d in designing any drainage improvements. Off-site improvement shall be done in coordination with the City Engineer (also see Sectionll, condition 6.) , 8. An exterior lighting plan meeting the requirements of Section 26.575.150. ,..,." Section 11: SubdivisionIPUDA2reenient , Within 180 daysafterfina.l aPProval by City Council and prior to applying for Building Permit, the applicant shall reCord a SubdivisionfPUD Agreement binding this property to this development approval. The Agreement shall include the necessary items detailed iri Section 26.445.070, in addition to the folloWing:' ' 1. Revocable Encroachment agreements and licenses for physical improvements within public rights-of-way with' reference to their locations depicted on the , . Suh<ijvj.sion Pla,t. 2.' The agreement shall s~ the ownership and maint"nance responsibilities of the COIDD1<lj1 areas :of the project 3. The agreement shall include a main.tenance and' operating agreement fo~ Dean Street The design, installation, maintenance arid operational Costs for new surface and subsurface improvements to'Dean Street shall be borne by the owner of the ' Residences at Little Nell project and its successors and assigns. New subsurface improvements sha1l include a snowmelt system and similar features but exclude existing utilities within the right-of-way. ' Costs of replacmg surface and sUbsurface improvements as a result of accessing City-owned utilities or other subsurface work that damages surface and subsurface improvementS installed by Residences at Little Nell, including the snowmelt system, shall be borne by the City of Aspen. The City of Aspen shall not be responsible for costs of replacing surface and subsurface improvements damaged as a result of utility work on non-City-owned utilities. 4. An' estimated construction schedule with estimated' schedules for construction phases affecting city streets and infrastructure and provisions for noticing the City Streets Department, the City Engineering Department, utility providers (including City agencies), and emergency service providers. 5, An agreement to return Galena Street to an acceptable condition after construction, as determined by the City Engineer. Subsurface work may be necessary. Curb and , gutter work may be necessary.' A final nv~inch overlay may be necessary. In the alternative,' the applicant may pay a one-time payment concurrent with receipt of a J:>uilding permit of $7,950 inID the City s.treet maintenance fund ( an amount equal to ("\ City of Aspen Ordinance No. 30, Series of 2004. Page 9 " ~"" .tr'>...";.,^,, : ~'-~',--.,".;-,_.. IIIII~II ~1111111I~1I11111111 ~~1t~f 1;~ 06~ ,SILVIA DAVIS PITKIN COUNTY CO R 76.00 D 0.80 the cost of a 2" asphalt overlay over hili the Width of Giifena Street al~~';fu~" . -;"';frontage of the Little Nell property iO DUiiint Street). . . ........ . ....... . 6: $172,000 to offset City expenditure for' project-related off-site drainage improvements shall be payable concurrent With receipt ofa building permit. This fee bas been determined by the CitY ED:giiieel- iindpi:olj,ited With. other properties . receiving such benefit. 7. In order to secure the performance of the construction and installation of improvements in the public rights-of-way, the landscape and' public fll-Ciliiies performance security shall include and secure the estimated costs of proposed right-of-way improvements. . 8. A license agreement to use Dean Street, or a portion thereof, adjacent to the project site for construction staging including a fee to use the land at a rate of $1.25 per square foot per month for the time period in which thelaiJdisfu be occupied for construction staging. . . . A Section 12'; Pre-:Construction Meetine: . Prior to Building Permit Submission, a meeting between the following parties shall be conducted: Developer/Applicarit, Project Architect, Project Planner, Prime Contractor, City Staff Planner, Community Development Engineer, Zoning Officer, Building OfficiallPlans EXaminer. The purpose of the meeting is to identify the approvirig ordinance and any amendments, identify conditionsofapproval, identify the timeIlne for plat and PUD/SlA agreement recordation, identify the types of building J>eririits necessary and the development activities thltt can be condUcted prior to receiving a building permit, review any critieal timeline issues, review the steps and iimIDg of thi:bUiiding permit process, discuss responsibilities of all parties in getting permits, cbanges, etc., and review the Building Department checklist. . . . .' . Section 13: Buildine: Permit Reaufrements The building permit application shalliriclUc1i{depict: 1. A signed copy of the final Ordinance granting land use approval. 2. A letter from the primary contractorstating that the approving Ordinance has been read and understood. 3. The conditions of approval shall be priIl.tedonthe cover page of the building permit set. 4; A completed. tap permit for serVice with the Aspen Consolidated Sanitation District. 5. A tree removal mitigation payrilent of $27,645.31. This figure represents the difference between the assessed value of trees to be removed and the cost estimate to supply and ~stall the proposed trees and native vegetation. Amendments to the plan shall require a reealculation. ,....,.." City of Aspen OrdimmCe No. 3D, Series 912004. .... .. Page 1 D , ,. '/~l.~-_"~'~~-~~~;';".;~'" ,. /"'- t!""\ 111111111111111I1111 n II ~~~:it~f 1 ~~ 06A .SILVIA _IS PITKIN COUNTV CO ' R 76.00 D 0.00 ~,o,oo ,t 6. A, fugitive dust control, plan approved by the Environm~tal H:~th Department "wlllchadaresses watermg o{ disturbed ai-easincluding haul roads, perimeter silt fencing, as-needed cleaning of adjacent rights-of-way, speed limits Within and accessing the site" and the ability to request additional measures to prevent a nuisance during construction. The applicant shall wash tracked mud and debris from the street as necessary, and as requested by the City; during construction. Submission of a fugitive dust control plim to the Colorado Department of Pu.!Jlic Health and Environment Air Quality Control Division'may also be necessary. 7. A study performed by a Colorado licensed Civil Engmeerdenionstrating how the required excavation of the site may be' performed without dalIlaging adjacent structures and/or streets. If the applicant utilizes soil pins to stabilize excavation cuts, the applicant shall be required to provIde a financial assurance in an amount to be determined by the Community Development Engineer. The City , Engineering, Department would strongly prefer that the applicants use soil hardening techniques rather than soil pins to stabilize the excavation cuts. (A study has been submitted and is under review by the City.) 8. A construction site management and parking plan meeting the specifications of the City Building Department. (A study has been submitted and is under review by the City.) , , 9. The applicant shall submit a Soil Suitability and Slope Stability Ana1ysis by a licensed engineer with a specialty in goo-technical sciences. ~ta minimum, such report shall determine the feasibility of excavating the hillside and identification of any necessary mitigation during construction of the lodge to protect adjoining properties from damage: In addition, the report shall include a baseline for slope stability prior to any excavation, establish a monitoring program to be implemented throughout the construction and for two years after completion of construction using accepted enginCerlng standards approved by the City of Aspen, including, without limitition, review of all soils, engineering designs, de-Watering plans, and other applicable standards, (A study has been submitted and is under review by the City.) 10. 'The roof plan shall demonstrate substantial compliance with the representations made by the applicant with regard to limiting the rooftop mechanical equipment and the use of non-reflective roofing materia1. I/"'), Prior to issuance of a building p=it: 1, All tap fees, impacts fees, and building Pemrit fees shall be paid, 2. The location and design of standpipes,' fire sprinklers, and alarms shall be acceptable to the Fire MarshalL A 'Section 14: PM10 Mifu!ation Plan In order to reduce the impacts of PM I 0 generated by the project, the project sha1l provide a shuttle service for u~e by the owners/guests of the Residences at LittleNelJ and shall allvertiseto their guests that need for a personal/rental car is not mandatory due to the ---.' -... . " -, _._~.. .- . . City of Aspen Ordinance No. 30, Series of 2004. , Page 11 f"'") ..., ."'"" - III ml~lll~ Illll~~ 1111I r ~~~~t~\~~06~ ,SILVIA DAVIS PITKIN COUNTY eo.'. R 76.00 D 0.00. h shuttle amenity. In addition, the Enviromnentlll HlilUth.p~ent recommends (but is not ~ng)tha.t the lodge aiJ.diKbUShlesses Joill-ihe Transport:ition Options Program and provide secure covered bike storage. This PMI0 nlltigation plan has been accepted by the . City's Environmental Health Department and no. fintherplan shall ~ required. Section 15: DeliverV Dock .. .. ..' . . No trucking, shipping and/or receiving; service, inspection, or commercial vehicles serving the Residences at Little Nell and/or aSsociated commercial facilities shall irtilize Ute Avenue for such purposes. Au shipping and receivrng, 'seivice vendOrs,IDspection, and other commercial vehicles to and from the Residences at Little Nell and its associated . commercial facilities shall be only via its parkIDg gilrage and/or loiKting dock off of Galena Street. Section 16: Condominiumization.. ..... . Condomininmi7Jltion of thePi:ojeict to define separate ownership interests of the Project is hereby approved by the City of Aspen, subject to reCordation of a condominiuinization plat in compliance With t4e current (at the tiIDe of condo plat submission) plat requirements of the City Community Development Engineer. r., , Section 17: l'UD Plans Check . . . . Prior to recordation of the Final PUD Plans, the plans to be recorded shall demonstrate substantial compliance with the representations and drawings made and presented during the project review. ;.... .'". .,.',-, Section 18: Restaurant . . The Project's restaurant, bar and outdoor dining terrace shall be open for the sale of food and beverages to the general public, and the outdoor dining terrace shall be open and av~lable for use in conjunction therewith, weather Pernritiing,. all days of the year that the Aspen Mountain Skiing Area is open for public skiing, fora miliimum ofthree (3) hours after the gondola lift at Little Nell closes each day. Inadditlon~ the bar and the outdoor dining terrace shall be open to the general public each day during the "summer season", which shall be deemed to run from June 15 t!irough October IS of eacb year, dunng all daytime hours that the gondola is open to the geneial public. DUring hours of operation, . . the restaurant shall be open to the general public. No memberships shall be required, although occasional. private events may beheld. Section 19: Vested Ril!:hts The development approvals granted herein shall constitute a site-specific development plan veSted for a period of three (3)yeilrs fromthe date of issUariee of a development order, No later than fourteen (14) days following final approval of all requisite revieWs neCessary to obtain a development order as set forth in this Ordinance, the City Clerk shall cause to be published in anewspaper of general circulation wiplln, thejuriSdictional boundaries of the City of Aspen, anotiee advising the general public of the approval of II site specific ~ City of Aspen Ordinance No. 30, Series of 2004. . Page 12 f /"".... A -- 11111111111111111111\ II111I11111 III ~~~~~:0~f 1 i~ 06R SILVIA OAVIS PITKIN COUNTY eo . R 76.00 D 0.00 . I....... development plan arid creation of a veSted property right pursuant to this TItle, ~uch notice shaI1 besubstanti.ally in the following form: . . '-- Notice is hereby given to the general public of the approval of a site specific development plan, and the creation of a vested property right, valid for a period of three . (3) years, pursuant to the Land Use Code of the City of Aspen and Title 24, Article 68, Colorado Revised Statutes, pert.ining to the following described property: Lot #1, Residences at Little Nell Subdivision and PUD. Sedion 20: All material representations and commitments made by the developer pursuant to the . development proposal approvals as herein awarded, whether in public hearing or documentation presented before the Community Development Department, or the Aspen City Council, are' hereby incorpofated in such plan. development approvals and the same . . shlin be complied with as if fully ~ forth herem, unless amended by other specific . . . conditions. Section 21: This Ordinance sba1l not effect any existing litigation and sba1l not operate as an abatement of any action or proceeding now pending under or by virtue of the ordinances repealed or amended as herein provided, and the same' shall be conducted and concluded under such prior ordinances. ,.." . . Section 22: If any section, subsection, sentence, clause, phrase, or portion of this Ordinance is for any reason held invalid or unconstitutional in a court of competent jurisdiction, such port~on shall be deemed a separate, distinct and independent provision and shall not affect the validity of the remaining portions thereof. . . .. Section 23: That the City Clerk is directed; upon the adoption of this Ordinance, to record a copy of this Ordinance in the office of the Pitkin County Clerk and Recorder. Section 24: A public hearing on the Ordinance shaI1 be held on the 27thdayofSeptember,}004, at 5:00 in the City Council Chambers, Aspen City Hall, Aspen ColoradO;"fifteen (15) days prior to which hearing a public notice of the same shall be published in a newspaper of general circulation within the City of Aspen. Section 25: This ordinance shall become effective thirty (30) days following final adoption. f"""\ [signatures on following page] City of Aspen Ordinance No. 3D, Series of 2004. Page 13 1""\ .' . ,I"") - (':'\, "" - " ~~ INTRODtJalJ,lttADANJJbIfl)I,_fQ:j!tt~t{E)r'asprovidedbyk;;'" >" by the City Council of the Cityof Airpen on the 13 daYO~2004. Attest: : c. ..,,:-~~'. ,) FINALLY, adopted, passed and approved this IZ dayof O~ ?.lto~ Attest: Approved as to form: .' jll~ IIII~I ~I ~1111I11111l1I11111 r~~~~/1~0~f I ~~ 06R . ,~LVIA DAVIS PITKIN COUNTY CD R 76.00 D 0.00 . . . -- ~. ~1r~~- . ..., . orcester, City Attorney Exhibit A -Proposed Zoning Boimdary Map C:\home\Correot PIannit>g\CASES\Residences@LNIFinal\Ordinance.doc City of Aspen Ordinance No. 30, Series of 2004. . . . Page 14 ,. ...., . "'-VEl< cnYlCE - < . GOHOCi.A 0 P14" '--; The ~~siden~~~ , FINAL PUD.: '--. ). r _ .:. ) ..... , ~ .I.-I.; L A . \ 504168 ~IVlr rat 111"J.g'IIlJIJ.~':~':~~:'~",:,~d? ~i~ Nn 7p / ,,,,.. -, . .. .... .. ~ A- ?lI?t "'.. ~ ~i, ~1 .'>.. . '.--.. EXHIBIT ........... --- i i 8' II~IIIIIIIIIIIIIU~IIIIIIIIIIIIII ::;~~1! ;::0\ SILVIA DAVIS PITKIN COUNTY CO R 166... D.... SUBDIVISION/PUD AGREEMENT .fill! THE RESIDENCES AT LITTLE NELL SUBDIVISION/PUD TillS SUBDIVISIONIPUD AGREEMENT is made and entered into this a Y day of May, 2005, by and between THE CITY OF ASPEN, COLORADO, a municipal corporation (hereinafter referred to as "City"), and THE RESIDENCES AT LITTLE NELL DEVELOPMENT, LLC, a Delaware limited liability company (hereinafter referred to as "RLND"), ' WIT NE SSE T H: WHEREAS. RLND has submitted to the City an Application for Final PUD Development Plan Approval (the "Application") for certain contiguous parcels of land situated within the City of Aspen, Colorado to be consolidated, platted and known as Lot 1, The Residences at Little Nell SubdivisionIPUD (the "Property"), which Application requests the approval,execution and recordation of a Final Plat of the Property (the "Final Plat"); and the approval and recordation of a Final PUD Development Plan and related documents (collectively, the "Final PUD Development Plan"); and ' WHEREAS, City has fully considered the Application, the Final Plat, the Final PUD Development Plan, the proposed development and improvement of the Property, and the effects of the proposed development and improvement of said Property on adjoining or neighboring properties and property owners; and WHEREAS, City has imposed certain conditions and requirements in connection with its approval, execution and recordation ofthe Final Plat and its approval and recordation of the Final PUD Development Plan, such matters being necessary to protect, promote and enhance the public safety, health and welfare; and WHEREAS,RLND is willing to acknowledge, accept, abide by and faithfully perform the conditions and requirements imposed by City in approving the Application, the Final Plat, and the Final PUD Development Plan; and WHEREAS, under the authority of Sections 26.445.070 (C and D) and 26.480.070 (C and D) of the Aspen Municipal Code, City is entitled to certain fmancial guarantees to ensure (i) that the required public facilities are installed and (ii) that the required landscaping is implemented and maintained, and RLND isprepared to provide' such guarantees as hereinafter set forth; and I I 18\l l~1 llll II 1111 II \110\ ~ lll~Jll.E;~~;~8;: :81 SILVIA DAVIS PITKIN COUNTY CO WHEREAS, contemporaneously with the execution and recording of this SubdivisionIPUD Agreement, City and RLND have executed and recorded the Final Plat in Plat Book 11. at Page 1- I ,and City and RLND have recorded the Final PUD Development Plan as Reception NoP." 0' , both in the Office of the Clerk and Recorder of Pitkin County, Colorado. " NOW, THEREFORE, for and in consideration of the mutual covenants and agreements herein contained, the approval, execution and acceptance of the Final Plat and the approval and acceptance of the Final PUD Development Plan for recordation by City, and for other good and valuable considerations, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: ARTICLE I PURPOSE AND EFFECT OF SUBDlVISIONIPUD AGREEMENT 1.1 Purnose. The purpose of this SubdivisionlPUD Agreement is to set forth the complete and comprehensive understanding and agreement of the parties with respect to the development of The Residences at Little Nell Subdivision/PUD and to enumerate all terms and conditions under which such development may occur. 1.2 Effect. It.is the intent of the parties that this SubdivisionIPUD Agreement shall effectively supercede and replace in their entirety all previously recorded and unrecorded subdivision, condominium, and other land use approvals and related plats, maps, declarations and other documents and agreements encumbering the Property, including without limitation those matters identified in Article VI below (collectively, the "Prior Approvals and Instruments"), and City and RLND agree to cooperate in the execution and recording of such documents as may be necessary or appropriate to accomplish the vacation and/or termination of said Prior Approvals and Instruments. The parties anticipate that these recordings will take place contemporameously with the recording of the Final Plat, However, a delay in the recording of any such vacation/termination documents shall not affect or delay the recording of this SubdivisionIPUD Agreement, the Final Plat, or the Final PUD Development Plan. ARTICLE II ZONING AND REGULATORY APPROVALS 2.1 Annroval Ordinance and Resolution. Pursuant to Ordinance No. 30 (Series of 2004) adopted on October 12, 2004, the Aspen City Council granted final PUD development plan approval for the development of a mixed use timeshare lodge containing 24 fractional ownership units, 2 free market residential units, 8 lodge rooms (hotel units), 8 affordable housing units, approximately 8,900 square feet of net leasable commercial space, and a subgrade parking garage (collectively, the "Project"). Ordinance No. 30 also (i) granted subdivision approval to subdivide a portion of the adjacent Aspen Skiing Company property, eliminate the existing internal boundaries within the Project site, and replat the remainder of the adjacent Tipple Woods Subdivision; (ii) rezoned a portion of the Proj ect site to CL, Commercial Lodge, Planned Unit Development; (iii) granted approval to condominiumize the Project and to 2 IIIIIIIIIIIIIIIIIIIIII~ ~;;~~~~:! :::01 SILVIO OOVIS PITI<IN COUNTY CO R IBB. ee D 0.00 sell the fractional ownership units pursuant to a timeshare use plan (the "Fractional Ownership Plan"); (iv) exempted from growth management the conversion of existing residential reconstruction credits to lodge units, the reconstruction of demolished commercial square footage, al1d.the Project's on-site affordable housing units; and (v) approved an amendment to the Little Nell Specially Planned Area plan. '\ ,-,~J Pursuant to Resolution No. 28 (Series of 2004) adopted on August 17, 2004, the Aspen Planning and Zoning Commission granted 8040 greenline approval for the Project and also granted special review approval for the affordable housing units' on- site parking, This SubdivisionIPUD Agreement incorporates all of the pertinent provisions of Ordinance No. 30 and Resolution No. 28, In the event of any inconsistency between the provisions of Ordinance No. 30 and/or of Resolution No. 28, and the provisions of this SubdivisionIPUD Agreement, the provisions of this Subdivision/PUD Agreement shall control. 2.2 Dimensional Requirements. Ordinance No, 30 established and approved the following dimensional requirements for the Project: (a) Minimum Lot Size (Sq. Ft.) (b) Minimum Lot Width (Feet)* (c) Minimum Front Yard Setback (Feet)** (d) Minimum East Side Yard Setback (Feet) (e) Minimum West Side Yard Setback (Feet) (f) Minimum Rear Yard Setback (Feet) (g) Maximum Height (Feet) (h) Minimum Required Open Space (Percent) (i) Maximum External Floor Area (Sq. Ft,) (j) Minimum Off-Street Parking Spaces 66,737 206 o o o 4 *** o 108,000 .... * ** *** Measured along the Dean Avenue right-of-way Measured from Dean Street As represented in the recorded Final PUD Development Plan 2 short-term spaces within the porte-cochere and 70 spaces within the underground parking garage ...* 2.3 Vested RiEhts. Under Development Order of the City of Aspen Community Development Department issued December 23, 2004 with an effective date of January 8, 2005 (the "Development Order"), the right to undertake and-complete the development and use of the Property pursuant to the terms and conditions of the site specific development plan for the Property is vested until January 8, 2008, and shall not. be altered, impaired, diminished or delayed by any subsequent zoning or land use action that is prohibited by Section 24-68-105(1) of the Colorado Revised Statutes. In accordance with the requirements of CRS Section 24-68-103 (b), a properly noticed public hearing concerning the establishment of such vested rights for the Property was 3 1111111111" ~~~:::; ::,,, SILVIA DAVIS PITKIN cOlMTY CO R 166.00 D 0.00 conducted on October 12, 2004, As authorized by CRS Section 24-68-l02(4)(a), City and RLND agree that the site specific plan for the Property consists of and includes, but is not limited to, the number, permitted size, and configuration of the fractional ownership units, the free market residential units, the hotel units, the affordable housing units, the co=ercial spaces, the parking spaces, and the other spaces and areas in the Project, the Fractional Ownership Plan, and all other matters set forth in Ordinance No. 30 (Series of 2004), Resolution No. 28, the Final Plat recorded in Plat Book ?:J at Page .).. I ,and the Final PUD Development Plan for The Residences at Little Nell SubdivisionlPUD recorded as Reception No,r,.." , both in the Office of the Clerk and Recorder of Pitkin County, Colorado, this SubdivisionIPUD Agreement, and all other documents and plans recorded concurrently therewith. For purposes of this Section 2.3, this SubdivisionIPUD Agreement shall be considered a "development agreement" as that term is used in CRS Section 24-68-104(2). ....'"' "--,",., ARTICLE III DEVELOPMENT REQUIREMENTS AND RESTRICTIONS 3.1 The Components of the Project. The timeshare lodge Project approved pursuant to Ordinance No. 30 and Resolution No. 28 will consist of two attached multi- story structures which will contain a maximumextemal floor area of 108,000 square feet, calculated in accordance with the City's floor area regulations in effect on October 25, 2002, which floor area regulations are attached hereto as Exhibit A and made a part hereofby this reference. The Project will contain the following principal components: (a) Fractional Ownershin Units. The Project will contain 24 Fractional Ownership Units which will be condominiumized and sold pursuant to the Fractional Ownership Plan defined and described in the Declaration of Condominium for The Residences at Little Nell (the "Declaration") to be recorded in the Office of the Clerk and Recorder of Pitkin County, Colorado contemporaneously with the recording of the Condominium Map of the Project. The Fractional Ownership Units will consist of 19 three-bedroom units and 5 four-bedroom units, and will be configured so as to contain 40 separately occupiable lock-offs or keys. As provided in the Declaration, the Fractional Ownership Units will be available for walk-in, short-term rental to the public when the Units are not being occupied by an Owner, an Owner's guest, or persons occupying the Unit under an exchange program. (b) Free Market Residential Units, The Project will contain 2 Free Market Residential Units which will be condominiumized and sold, and which may be occupied on a short or long-term basis. It is not anticipated that these Units will be subject to the Fractional Ownership Plan, but under the Declaration RLND has reserved the right to convert either or both free market residential units to a Fractional Ownership Unit that is subject to the Fractional Ownership Plan. Under Section 9 of Ordinance No. 30, these units may be converted and included as part of the Fractional Ownership Plan pursuant to an Insubstantial PUD Amendment approved by the City, 4 ,lo.![III,111 f:;;;~f~ ::... R 166.88 D 0.00 (c) Hotel Units. The Project win contain 8 traditional lodge rooms (Hotel Units) which will not be subject to the Fractional Ownership Plan. These units will at all times be available for nightly rental to the public. (e) Commercial/Accessory Uses. The Project will contain a restaurant, bar, outdoor dining terrace, guest living room, fitness room, recreation room, business center, front desk/concierge area, rooftop swimming pool, and retail commercial space. The retail space, which is located at ground level and fronts on Dean Avenue, will be limited to a maximum of 4,520 square feet of net leasable area and is prohibited from being converted to office use. In the event the retail space owner deems it appropriate, the retail space or some of it may be reconfigured, subject to obtaining any approvals that may be required by the City's land use regulations. The Project's restaurant, bar and outdoor dining terrace shan be open for the sale of food and beverages to the general public, and the outdoor dining terrace shan be open and available for use in conjunction therewith, weather permitting, an days of the 5 111~UIIIIIIIUIIIII~lmm111 :;h~~~:~ :::01 SIlVIR ORVIS PITKIN CO\JNTY CO R 166.00 D 0.00 .... , year that the Aspen Mountain Ski Area is open for public skiing, for a minimum of three (3) hours after the gondola lift at Little Nell closes each day, In addition, the bar and outdoor dining terrace shall be open to the general public each day during the "summer season", which shall be deemed to run from June 15 through October 15 of each year, during all daytime hours that the gondola is open to the general public. During hours of operation, the restaurant shall be open to the general public. No memberships shall be required, although occasional private events may be held. (f) Parkio!!, Under Section 2 of Ordinance No. 30 (Series of 2004), the City Council approved the following minimum off-street parking spaces for the Project: Seventy (70) parking spaces located on two levels in a subgrade parking garage, Eight ofthe parking spaces will be allocated and signed for the use of the Project's eight Affordable Housing Units, and six of the parking spaces will be allocated and signed for the use of the owners of Lots 1,2 and 3, First Amended Plat of the Tipple Woods Subdivision. 3.2 Affordable HODSin!! Mitiution. (a) Reqqirements, (i) RLND has agreed to provide affordable housing mitigation for 60 percent of the employees generated by the operation of the Project, The number of employees generated by the Project has been determined to be 75, hence affordable housing mitigation must be provided for 45 employees. (ii) RLND is also required to provide 12 affordable housing bedrooms containing a minimum of 4,469 square feet of net livable area pursuant to the City's Resident Multi-Family Replacement Program, which 12 bedrooms are considered to house 15 employees. The total number of employees for which RLND must provide affordable housing mitigation, then, is 60. The Development Order constitutes a "Certificate of Compliance" in accordance with Chapter 26.530 of the Aspen Land Use Regulations entitled "Multi-Family Housing Replacement Program". (iii) A minimum of 59 percent of the required affordable housing mitigation is to be provided within the City limits, and the remaining 41 percent may be provided outside the City but within the Aspen Community Growth Boundary, (iv) A minimum of 50 percent of the required affordable housing mitigation must be deed restricted to APCHA's Category 2 income and occupancy guidelines, and the remainder may be deed restricted to Category 3, (b) Mitieation. (i) As set forth in Section 3.1 (c) above, eight Category 2 studio' Affordable Housing Units will be provided within the Project, which units will be credited with housing 10 employees. 6 1IIIIIIIIna ~~~~_::" SILVIA DAVIS PITX!N C()I.W't CO R 166.ee (ii) RLND has entered into an Affordable Housing Buy Down Agreement with Obermeyer Place Holding Company LLC ("Obermeyer"), whereby RLND has agreed to buy down 15 of the one-bedroom Resident Occupied ("RO") Units to be constructed by Obermeyer as a part of the Obermeyer Place Project (the "Obermeyer Buy Down Units"), Seven of these units, housing a total of 12.25 employees, will be bought down to Category 2 restrictions, and eight of these units, housing a total of 14 employees, will be bought down to Category 3 restrictions for a total Buy Down Price of $3,370,400. City agrees that upon (aa) payment in fun of said Buy Down Price by RLND to Obermeyer, which shall be evidenced by Obermeyer's written certification of such payment, (bb) the recording of the deed restrictions on the Obermeyer Buy Down Units to the Categories described above, and (cc) the issuance of a Certificate of Occupancy for the Obermeyer Buy Down Units, RLND and its successors and assigns shall be credited with housing a total of 26.25 employees, .. (iii) The 10 employees to be housed on-site, together with the 26.25 employees to be housed at Obermeyer Place, totals 36.25 employees, which represents 60 percent ofRLND's required affordable housing mitigation, (iv) The remainder ofRLND's affordable housing mitigation requirement, or 24 employees, will be met at the Aspen Airport Business Center, which is located within the Aspen Community Growth Boundary. These employees will be housed in eight 3-bedroom sale units being constructed by RLND pursuant to BOCC Resolution No.135-2004 recorded October 29, 2004 as Reception No. 503623 in the Office of the Clerk and Recorder of Pitkin County, Colorado (the "AABC Units"). Three of these units will be deed restricted to Category 2 restrictions and five will be deed restricted to Category 3 restrictions, The eight AABC Units must be deed restricted, and a Certificate of Occupancy must be issued therefor, before a Certificate of Occupancy will be issued for the Project. (v) Based on the foregoing, a total of 31.25 employees will be housed in Category 2 units and 29 employees will be housed in Category 3 units. (vi) No Certificate of Occupancy will be issued for the Project unless and until (aa) a Certificate of Occupancy has been issued for the 15 Obermeyer Buy Down Units and such units have been deed restricted to the Categories described in subsection (b)(ii) above, and (bb) a Certificate of Occupancy has been issued for the 8 AABC Units and such units have been deed restricted to the Categories described in subsection (b)(iv) above, Ifno Certificate of Occupancy has yet been issued for the Obermeyer Buy Down Units, RLND shall not be precluded from receiving a Certificate of Occupancy for the Project if it delivers or causes to be delivered to City a collateral assignment of the $3,370,400 (the Buy Down Price) being held in escrow by Pitkin County Title, Inc. (the "Escrow Agent") pursuant to the Affordable Housing Buy Down Agreement, which assignment shall authorize and direct the Escrow Agent to deliver all. of the escrowed funds to the City in the event a Certificate of Occupancy has not been issued for and proper deed restrictions recorded upon the Obermeyer Buy Down Units by July 1, 2007, 7 1""', >,' . '\I\UIII~n~I\~lnl~l~MII\ :;;~~~~ ~~:0t SILVIA DAVIS PIT~IN cOUNTY CO R 166.00 D 0.00 (vii) The employees to be housed in the 8 on-site Affordable Housing Units and the 8 AABC Units shall meet the qualification criteria contained in the APCHA Employee Housing Guidelines, as they may be amended from time to time. 'The Obermeyer Buy Down Units shall be governed by the City Council approvals for the Obermeyer Place Project, 3.3 Construction in Accordance with Plans, Construction of the Project, and all of its component parts, shall be accomplished in substantial compliance with the Final PUD Development Plan and with all architectural plans and elevations, utility plans, grading and drainage plans, site design plans, and landscape plans that are recorded contemporaneously with the Final Plat and this SubdivisionJPUD Agreement. 3.4 Porte Cochere Traffic Flow. Shiuuinl! and Receivinl!. and RoofTou Decks, (a) Porte Cochere Traffic Flow. Traffic flow within the Project's entry porte cochere shall occur in a clockwise rotation at all times in order to minimize the impact of vehicle headlights on the adjacent North of Nell Condominiums. Vehicular access to the porte cochere from Galena Street shall occur via Dean Avenue. (b) Shipuinl! and Receivinl!. Commercial vehicles, including but not limited to delivery, seI'Vice and inspection vehicles, shall be prohibited from using the Little Nell Hotel seI'Vice dock on Spring Street to seI'Vice the Project. All commercial vehicle activity shall be limited to the Project's Galena Street loading dock and parking garage. (c) RoofTou Decks. The Project's rooftop decks, swimming pool and hot tubs shall be used for the following purposes: Swimming, sun-bathing, food and beverage sel'Vice, and similar compatible uses. 3.5 Dean Avenue Improvements; Maintenance; Encroachment License. RLND shall accomplish, as subdivision improvements, the improvements depicted on the Final PUD Development Plan recorded concurrently with the Final Plat, in accordance with Article IV of this SubdivisionlPUD Agreement, To the extent practicable, said Final PUD Development Plan shall be revised to be consistent with any final master design plan that may be finally adopted by the City for Dean Avenue improvements, In the event the City has not adopted such final master design plan by April I, 2006, RLND shall no longer be obligated to make revisions to the Final PUD Development Plan. Before a building permit is issued for the Project, the City and RLND shall enter into two (2) Encroachment Licenses covering the portions ofthe Project that will encroach into the Dean Avenue right-of-way, as depicted on the Final Plat. The first Encroachment License will cover the portion of the Residences at Little Nell building that encroaches into the Dean Avenue right-of-way, and the second Encroachment License will cover the portion of the surface utility systems servicing The Residences at Little Nell that encroaches into the Dean Avenue right-of-way, 8 ".......... ,...... II'illlm~lllnnug~lnlllmll ~~~~~~ :::01 SILVIA DAVIS PITKIN CDUNTYCO R 1&6.08 0 e.00 The design, installation, maintenance and operational costs for new surface and subsurface improvements to Dean Avenue shall be borne by RLND or its successor/assignee, The ~esidences at Little Nell Condominium Association, Inc. (the "Association"), New subsurface improvements shall include a snowmelt system and similar features but shall exclude existing utilities within the right-of-way. Costs of replacing surface and subsurface improvements as a result of accessing City-owned utilities or other subsurface work that damages surface and subsurface improvements installed by RLND, including the snowmelt system, shall be borne by the City, The City shall not be responsible for costs of replacing surface and subsurface improvements damaged as a result of utility work on non-City-owned utilities. 3.6 Utilities, (a) Water, sewer, electric, natural gas, telephone and cable TV service are available from existing main lines in Galena Street and Dean Avenue. RLND shall accomplish at its expense the utility improvements described in Article 4.1 below. (b) All utility service lines from these main lines to the Project shall be installed by RLND at its expense in compliance with the Water and Sanitary Sewer Utilities Plan and the Shallow Utilities Plan recorded concurrently with the Final Plat, and shall be buried underground. All of said utilities shall be installed as subdivision improvements in accordance with Article IV of this Subdivision/PUD Agreement. (c) All utility tap fees shall be payable in accordance with the requirements of the utility regulations in effect at the time of payment. (d) All uses and construction shall comply with the City of Aspen Water System Standards, with Title 25, and with applicable standards of Municipal Code Title 8 (Water Conservation and Plumbing Advisory Code) of the Aspen Municipal Code as they pertain to utilities. (e) RLND shall comply with the Aspen Consolidated Sanitation District's rules and regulations. No clear water connections (roof, foundation, perimeter drains) shall be allowed to ACSD lines, All improvements below grade shall require the use of a pumping station. 3.7 Relocation of City Water Line, RLND shall accomplish, as a subdivision improvement, the relocation of the City of Aspen water line in Durant . . n Street, Spring Street, and across Little Nell, in compliance with the Little Nell Waterline Plan and Profile to be recorded concurrently with the Final Plat, and in accordance with Article IV of this Subdivision/PUD Agreement. 3.8 Drainal!e. All development within the Project shall comply with the Drainage Plan recorded concurrently with the Final Plat. RLND shall be responsible for' implementing the Drainage Plan, and drainage improvements shall be accomplished as subdivision improvements in accordance with Article IV ofthis SubdivisionlPUD Agreement. 9 ......" ,.... \ llll "I' \11" ~I \1\ I\M 11'11 ~ "Ill II :;;~~:~f 0~~0t SILVIA DAVIS PI'l1<IN eOUNTY CO R 166.80 D 0.00 3.9 Landscaoiol!: Tree Removal Fee. All development within the Project shall comply with (i) the Overall Materials Plan, (ii) the Overall Tree Landscape Plan, and (iii) the Overall Understory Landscape Plan recorded as part of the Final PUD Development Plan (collectively, the "Planting Plans"), RLND shall be responsible for implementing the Planting Plans, and landscaping improvements shall be accomplished as subdivision improvements in accordance with Article IV of this SubdivisionlPUD Agreement. A tree removal fee in the aggregate amount of $32,252.84 has been paid to the City by RLND. 3.10 Exterior Lil!htiol!, All development within the Project shall comply with the Exterior Lighting Plan to be submitted to the Community Development Department for review and approval at the time of building permit application, 3,11 Ski Trail Easement. The Ski Trail Easement depicted on the Final Plat across the southeasterly comer of Lot 1; Residences at Little Nell SubdivisionIPUD, was dedicated to the City on the Final Plat for the use of the general public during the winter months for downhill and cross-country skiing purposes only (motorized vehicles are prohibited), subject to the terms and conditions of said dedication and as more fully set forth in that certain Ski Trail Easement Agreement between RLND and the City recorded contemporaneously with this SubdivisionIPUD Agreement as Reception No. flo~(I' , 3.12 Relocation of Little NeU Chairlift. RLND shall be responsible for relocating the existing Little Nell Chairlift to approximately the location depicted on the Final PUD Development Plan, at RLND's cost and expense, Such relocation must be accomplished before a Certificate of Occupancy is issued for the Project. 3.13 Air Oualitv. (a) The City has determined that, subject to the provision of van service for the Project's owners and guests, and the advertising thereof, no further PMIO mitigation shall be required for the Project. (b) All development within the Project shall comply with the Environmental Health Department's woodbuming stove/fireplace regulations in effect at the time of issuance of a building permit for the Project. (c) Before a building permit is issued for the Project, RLND shall submit a fugitive dust control plan to the Environmental Health Department for its review and approval. The plan shall address, at a minimum, fencing, watering of haul roads and disturbed areas, daily cleaning of adjacent paved roads, and other measures as may be necessary to prevent windblown dust from crossing the property lines or otherwise causing a nuisance, 3.14 Geotechnical Reauirements and Slope Stability Monitorinl!. Throughout construction of the Project and for a period oftwo (2) years following the issuance of a Certificate of Occupancy for the Project, RLND shall comply with the geotechnical recommendations, and implement the slope stability monitoring, detection 10 " ......-" III~III~IIIIII ~III~I ~IIIIII~ 1I11~11111I11 ~;~~~~f 0:~01 SILVIR DAVIS PITKIN COlMY CO R 166.00 D 8.00 and reporting program, contained in the Geotechnical Investigation for The Residences at Little Nell prepared by CTL/Thompson under date of June 17, 2003 (Job No. GS- 3850). 3.15 School Land Dedication Fees. Before a building permit is issued for the Project, RLND shall pay to the City a cash payment in lieu of school land dedication, for the Project's two (2) free market residential units and eight (8) Affordable Housing Units, in the total amount of $36,102.90. 3.16 Park Develonment Imnact Fee. Before a building permit is issued for the Project, RLND shall pay to the City a park development impact fee in the total amount of$58,315.95. 3.17 Street Impact Fee. Before a building permit is issued for the Project, . _RLND shall pay to the City a street impact fee in the amount of $ 7,950.00, which is equal to the cost of placing a 2-inch asphalt overlay over half the width of Galena Street along the frontage of the Project to Durant Street. This payment is being made in lieu of returning Galena Street to an acceptable condition following construction of the Project, as provided in Paragraph 5 of Section 11 of Ordinance No, 30. 3.18 Storm Water Drainal!e Svstem Fee. Before a building permit is issued for the Project, RLND shall pay to the City a fee in the amount of $ 172,000.00 as a contribution toward the cost of improvements to the City's storm water drainage system, and the City shall deposit the funds in a separate account for such purpose. In the event the City has not expended the funds for such purpose within 5 years following the lIate of this SubdivisionIPUD Agreement, the storm water drainage system fee shall be refunded to RLND together with 4 percent interest (non-compounded) accrued from date of payment to date of reimbursement. 3.19 Work in Public Ril!ht-of-Wav. RLND shall first obtain the approval of the appropriate City Department before commencement of any work within a public right-of-way. 3.20 Damaee to Public Ril!hts-of-Wav. RLND shall repair any public right. of-way damaged during construction of the Project prior to issuance of a Certificate of Occupancy for the Project, excepting damage to Galena Street covered by the street impact fee provided for in Section 3.17 above. RLND shall be responsible for the restoration of any sections of Galena Street to pre-disturbance condition in order to receive an overlay. 3.21 Construction Hours, Construction activity within the Property shall be limited to the hours between 7:00 a,m. and 7:00 p.m. Monday through Saturday. No construction activity shall be permitted on Sunday. 3.22 Construction Manal!ement Plan. All construction activities on the Property shall comply with the Construction Site Management Plan and Parking Plan submitted by RLND to thc City concurrently with the building permit application. 11 ......'''- ,.,.~ '-' \ II~~ 1\1\ 111~111~ 11\1 1111111\ 11181111 111\ ~;;~~L~f ~~01 SILVIA DAVIS PITKIN COUNTY eo R 166.00 D 0.00 3.23 Improvement Districts. On behalf of itself and any future owners of the Property and all interests therein, RLND agrees to join any future improvement districts that may be formed for the purpose of constructing improvements that benefit the Property under an assessment formula. 3,24 Condominium Map. Upon substantial completion of construction of the Project, RLND shall submit a Condominium Map to the Community Development Director for review and approval. During the period of vested rights described in Section 2.3 above, the Condominium Map shall be reviewed under the applicable provisions of the City's Land Use Regulations in effect on October 25,2002 (the date of submission of the Project's conceptual PUD application), which provisions are attached hereto as Exhibit A and made a part hereof by this reference. Following expiration of said vesting period, the Condominium Map shall be reviewed under the then-current condominiumization requirements of the Aspen Municipal Code, The _ __condominiumization of the Project shall be accomplished prior to the closing of the sale of any Fractional Interest or Free Market Residential Unit in the Project. 3.25 Van Service. The Association shall provide 24-hour van service to owners and guests of the Project. 3.26 License to Use Dean Avenue for Construction Sta2in2, City hereby grants to RLND a license to use so much-of Dean Avenue adjacent to the Project site as may be necessary from time to time for construction staging in connection with the Project. In consideration thereof, within twenty (20) days following the end of each calendar month in which Dean Avenue is used for staging, RLND agrees to pay to City the sum of $1.25 per square foot per month for each square foot of Dean A venue actually used for staging during said month, prorated for the number of days of actual usage during said month. 3.27 Ownership and Maintenance of Common Elements. Under the terms of the Declaration, all portions of the Project other than the Units (as defined in the Declaration) are Common Elements. The Common Elements are owned in common by the owners of the Units and ofthe Fractional Interests, in the undivided interests described in the Declaration, and the Association is responsible for maintaining, repairing, improving, restoring and replacing the Common Elements, including any Limited Common Elements and Common Furnishings. 3,28 Roof Plan, RLND shall limit the rooftop mechanical equipment in the Project to the equipment depicted on the Roof Plan to be recorded as part of the Final PUD Development Plan, shall screen such equipment as shown on the Roof Plan, and shall use non-reflective roofing material. 3.29 Pre-Construction Meetinl!. Prior to submitting an Application for the Building Permit for the Project, a meeting shall be held among the following parties: RLND, the Project Architect, the Project Planner, the Prime Contractor, a City Staff Planner, a Community Development Engineer, a Zoning Officer, and a Building Official/Plans Examiner. The purpose of the meeting shall be to identify the approving 12 """ ,<<".... '\ 11111110\ II~I ~~ I~ WI ~IUII~111111I1 ::;~~~~r 0:~ 01 SI~VIA DAVIS PITKIN coUNTY CO R 166.10 D 0.00 Ordinance and any amendments thereto, identify conditions of approval, identify the timeline for Final Plat and SubdivisionlPUD Agreement recordation, identify the types of building permits necessary and the development activities that can be conducted prior to receiving a building permit, review any critical timeline issues, review the steps and timing of the building permit process, discuss the responsibilities of all parties in obtaining permits, changes, etc" and review the Building Department checklist. ARTICLE IV A. SUBDIVISION IMPROVEMENTS 4,1 Prior to the issuance of a Certificate of Occupancy for the Project, RLND shall accomplish the following subdivision improvements, all as depicted and described on the Final PUD Development Plan and other related documents that are attached to or recorded concurrently with the Final Plat: The utility and street surface improvements . identified on the "Costs Estimate for Proposed Public R.O.W: Improvements" dated February 15, 2005, and the "Site Cost Estimate for Dean Avenue and Galena Street Improvements" dated February 14,2004, copies of which are attached hereto collectively as Exhibit B. The aggregate estimated cost of such improvements is $819,589. 4.2 Before a building permit is issued for the Project, a construction schedule for the above-described improvements shall be submitted to the City Engineering Department, and all applicable right-of-way permits and licenses must be obtained. 4.3 RLND shall complete the landscaping of the Property and the Dean Avenue right-of-way in accordance with the Planting Plans no later than six (6) months following the issuance of a Certificate of Occupancy for the Proj ect. RLND shall be responsible for ensuring the success of all landscaping installed pursuant to the Planting Plans for a period of 2 years following the date of installation, and shall replace any landscaping that fails during such 2 year period. RLND or its successors or assigns shall have the right to plant additional native vegetation within the Residences at Little Nell SubdivisionlPUD, as it may consider appropriate from time to time, without further approvals being required. The estimated cost of such landscaping improvements (including 2 years of maintenance thereof) is $321,038, as set forth on the Landscaping Cost Estimate attached hereto as Exhibit C and made a part hereof by this reference. 4.4 The estimated costs set forth in Sections 4.1 and 4.3 above shall be ____._. updated to 2005 dollars (or the year in which construction commences) at the time of building permit submittal, and the updated cost estimates shall be submitted to the City Engineer for review and approval. / B. FINANCIAL ASSURANCES In order to ensure construction and installation ofthe subdivision and landscaping improvements described in Section A above, and to guarantee 100 percent of the current estimated cost of the subdivision improvements ($819,589, updated as above required) and 125 percent of the current estimated cost of the landscaping 13 <'",""' li"\\\'I"\I\'III"I"\~"I\~\I\ ::;~~~r 0~~0t SILV1A DAVIS PITKIN COUNTY CO R 166.81 D e.00 improvements (including 2 years of maintenance thereof) ($401,298, updated as above required), RLND shall provide to the City an irrevocable letter of credit from a financially responsible lender in the amount of$I,220,887, updated as above required. Said letter of credit shall be provided to the City prior to the issuance of a building permit for the construction of the Project, shall be in a form reasonably acceptable to the City Attorney and the City Manager, and shall give the City the unconditional right, upon default by RLND, to draw funds as necessary and upon demand to partially or fully complete and/or pay for any of such improvements or pay any outstanding and delinquent bills for work done thereon by any party, with any excess letter of credit amount to be applied first to additional administrative 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 letter of credit is released to RLND. Provided, however, that RLND shall be given fourteen (14) days' written notice of default (and the right to cure during said period) prior to the City's ability to make a draw under the letter of credit. Notwithstanding the foregoing, delays or other problems resulting from acts of God or other events beyond the reasonable control of RLND shall not constitute a default hereunder so long as a good faith effort is being made to remedy the problem and the problem is in fact resolved within a reasonable period of time folIowing its occurrence. As portions of the improvements required are completed, the City Engineer shall inspect them, and upon approval and written acceptance, he shall authorize a reduction in the outstanding amount of the letter of credit equal to the agreed estimated cost for the completed portion of the improvements; provided, however, that ten percent (10%) of the estimated cost shaIl be withheld until all proposed improvements are completed and approved by the City Engineer, and with respect to landscaping improvements, twenty-five percent (25%) of the $321,038 estimated cost thereof (as updated), or $80,260 (as updated), shall be retained until the landscaping improvements have been maintained in a satisfactory condition for two (2) years. A Maintenance Bond, valid for two (2) years from the date of acceptance of all right-of-way improvements by the City Engineer, shall be provided to the City Engineer in the amount of $819,589 (updated as above required), prior to any reduction in the amount of the letter of credit for costs associated with right-of-way improvements. It is the express understanding of the parties that compliance with the procedure set forth in Article V below pertaining to the procedure for default and amendment of this Subdivision/PUD Agreement shall be required with respect to the enforcement and . implementation of these financial assurances and guarantees to be provided by RLND as set forth above. I ARTICLE V NON-COMPLIANCE AND REQUEST FOR AMENDMENTS OR EXTENSIONS In the event that the City determines that RLND is not acting in substantial compliance with the terms of this SubdivisionIPUD Agreement, the City shaIl notify RLND in writing specifying the alleged non-compliance and asking that RLND remedy the alleged non-compliance within such reasonable time as the City may determine, but 14 -. " I l\llil lI~ lUll II '~II 111111 III 11111 ~"I :;;~~i:0~r e:~01 SILVIR ORVIS PITI<IN COUNTY eo R 166.00 D 0. ell not less than 30 days, If the City determines that RLND has not complied within such time, the City may issue and serve upon RLND a written order specifying the alleged non-compliance and requiring RLND to remedy the same within thirty (30) days. Within twenty (20) days of the receipt of such order, RLND may file with the City Engineering Department either a notice advising the City that it is in compliance or a written request to determine anyone 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 SubdivisionlPUD Agreement should be granted with respect to any such non- compliance which is determined to exist. Upon the receipt of such request, the City shall promptly schedule a meeting of the parties to consider the matters set forth in the order of non-compliance. The meeting of the parties shall be convened and conducted pursuant to the procedures normally established by the City, If the City determines that a non-compliance exists which has not been remedied, it may issue such orders as may be appropriate, including the imposition of daily fines until such non-compliance has been remedied, the withholding of permits and/or certificate of occupancy, as applicable; provided, however, no order shall terminate any land use approval. The City may also grant such variances, extensions of time or amendments to this SubdivisionIPUD Agreement as it may deem appropriate under the circumstances. The parties expressly acknowledge and agree that the City shall not unreasonably refuse to extend the time periods for performance hereunder ifRLND demonstrates that the reasons for the delay(s) which necessitate said extension(s) result from acts of God or other events beyond the reasonable control of RLND, despite good faith efforts on its part to perform in a timely manner. ARTICLE VI PRIOR APPROVALS AND INSTRUMENTS 6.1 Plat of Tippler Townhomes Subdivision recorded November 25, 1998 in Plat Book 48 at Page 3. 6.2 Subdivision Agreement for Tippler Townhomes Subdivision recorded Novem~er25,_~~8 as Reception No. 424875. 6,3 Resolution No. 98-06 of the Aspen Planning and Zoning Commission recorded April 1 0, 1998 as Reception No, 415473, approving the proposed off-street parking plan for the Tippler Townhomes Subdivision. .I 6.4 Ordinance No.6 (Series of 1998) of the Aspen City Council adopted May' 26, 1998, granting final subdivision approval for the Tippler Townhornes Subdivision, 15 "'- ,..-","",. I IIBI i~ III I~I III ml' ~III ~I III 1111 :;~~~d~r 0:~01 SILVIA DAVIS PIT10N COlJ'l1Y CO R 166.80 D 0.08 6.5 Resolution No. 66 (Series of 2000) of the Aspen City Council adopted May 22, 2000, granting an extension of the Tippler Townhomes Subdivision vested rights through February 26, 2003, 6.6 Resolution No, 17 (Series of 2003) of the Aspen City Council adopted February 24,2003, granting an extension of the Tippler Townhomes Subdivision vested rights through February 26, 2005, 6.7 Condominium Plat of Tipple Lodge recorded April 2, 1980 in Plat Book 9 at Page 22. 6.8 Condominium Declaration for Tipple Lodge recorded April 2, 1980 in Book 385 at Page 883. 6.9 Subdivision Exemption Agreement (Tipple Lodge Condominium) recorded Octobed9, 1979 in Book 378 at Page 294. 6.10 Ordinance No. 23 (Series of 2003) of the Aspen City Council adopted June 23, 2003, approving the expansion of the Tippler Townhomes Subdivision onto the Tipple Lodge property. 6,11 Plat of Tipple Woods Subdivision recorded March 23. 1959 in Ditch Book 2A at Page 250, as amended by Subdivision Exception Plat recorded February 14, 1984 in Plat Book 15 at Page 86 (collectively the "Plat"). Plat to be vacated, and new Plat of Tipple Woods Subdivision to be recorded, depicting remaining 3 Lots in Subdivision. 6.12 Agreement of Second Amendment and Restatement of Protective Covenants of Tipple Woods Subdivision recorded November 11. 1971 in Book 259 at Page 245. To be restated and amended in their entirety to reflect 3 remaining Lots in Subdivision. . 6.13 Condominium Map of Tipple Inn Condominiums recorded in Plat Book 3 at Page 82, as amended and supplemented. 6.14 Condominium Declaration for Tipple Inn (A Condominium) recorded May 10,1966 in Book 220 at Page 318, as amended by recorded First through Fourth Supplements, and by Consent to Amendment of Declaration and Map recorded in Book 262 at Page 227. 6.15 Other recorded and unrecorded documents and instruments affecting title to the Property, .I ARTICLE VII GENERAL PROVISIONS 7,1 The provisions hereof shall be binding upon and inure to the benefit of RLND and City and their respective successors and assigns, 16 ,JlI"<' "........~... [IIIIUII~IIIIII~ ~II ~~IIIUIl~ ~II :;~~L~f 0:~01 SILVIA ,,"VIS PITKIN COUNTY CO R 166.80 D 0.00 7.2 This SubdivisionlPUD Agreement shall be subject to and construed in accordance with the laws of the State of Colorado, 7.3 If any of the provisions of this SubdivisionlPUD Agreement or any paragraph, sentence, clause, phrase, word, or section or the application thereof in any circumstance is invalidated, such invalidity shall not affect the validity of the remainder of this SubdivisionlPUD Agreement, and the application of any such provision, paragraph, sentence, clause, phrase, word, or section in any other circumstance shall not be affected thereby, 7.4 This SubdivisionIPUD Agreement and the exhibits attached hereto contain the entire understanding between the parties hereto with respect to the transactions contemplated hereunder. RLND, its successors or assigns, may, on its own initiative, petition the City Council for an amendment to this SubdivisionIPUD Agreement or for an extension of one or more of the time periods required for performance hereunder, The City Council shall not unreasonably deny such petition for amendment or extension after considering all appropriate circumstances. Any such amendments or extensions of time shall only become effective upon the execution by all parties hereto that are affected by the proposed amendment. 7.5 Numerical and title headings contained in this SubdivisionlPUD Agreement are for convenience only, and shall not be deemed determinative of the substance contained herein. As used herein, where the context requires, the use of the singular shall include the plural and the use of any gender shall include all genders, 7.6 Upon execution of this SubdivisionlPUD Agreement by all parties hereto, City agrees to approve and execute the Final Plat and to approve the Final PUD Development Plan and to accept the same for recordation in the office of the Clerk and Recorder for Pitkin County, Colorado, upon payment of the recordation fees by RLND. 7.7 Notices to be given to the parties to this SubdivisionIPUD Agreement shall be considered to be given if hand delivered or if deposited in the United States Mail to the parties by registered or certified mail at the addresses indicated below, or such other addresses as may be substituted upon written notice by the parties or their successors or assigns: CITY: City of Aspen City Manager 130 South Galena Street Aspen, CO 81611 ./ RLND: Aspen Land Fund LLC, Managing Member Attention: Brooke Peterson 302 East Hopkins Avenue Aspen, CO 81611 With Copy to: Arthur C. Daily, Esq, Holland & Hart LLP 17 ,.., ........... 600 East Main Street Aspen, CO 81611 7,8 This SubdivisionIPUD Agreement may be executed in counterparts, in which case all such counterparts together shall constitute one and the same instrument which is binding on all of the parties thereto, notwithstanding that all of the parties are not signatory to the original or the same counterpart. Facsimile signatures shall be treated as original signatures hereon. 7.9 The terms, conditions, provisions and obligations herein contained shall be deemed covenants that run with and burden the Property and any and all owners thereof or interests therein, their respective successors, grantees or assigns, and further shall inure to the benefit of and be specifically enforceable by or against the parties hereto, their respective successors, grantees or assigns. I ~III n~ ftllllW 1\ IUI ~ 11~\l1l111 :;h~~d~r e:~el SI~VI. DAVIS PIT1<IN COllNTY co R l&6.ee D e.ee / 18 /"'" /''-'' IN WITNESS WHEREOF, the parties have hereunto set their hands and seals as of the day and year first above written. CITY: City of Aspen, Colorado, a Colorado ::;;~~ o~o/ar Mayo?1'2.0 ~ APPROVED AS TO FORM:----- .L""~tI7b$.. John orce ter, City Attorney RLND: THE RESIDENCES AT LITTLE NELL DEVELOPMENT, LLC, a Delaware limited liability company By: Aspen Land Fund, LLC, a Colorado limited liability company, Managing Member By: CW A Development, LLC, a Colorado limited liability company, Manager c. . eroo e ger And By: Centurion partners Aspen, LLC, a Colorado limited liability company, Member IIR\UIIHI~IIIIII\n~ln\ III :~~~l~f e:~01 ~~~~~~~t~::~i~i~~~~~any, SILVIA DAVIS PI1KIN eouNTY co R 166.ee D e." By: /~~. ) ~ Scot Matteson, Managing Member 18 ~~iL ~18\UI'\II\IlIU"\'UIl\ ~;;~~:~f :0t SILVIA ORVIS PITKIN COI.MY CO , R 166.00 D 0.00 And By: Westpac Colorado LLC, a Colorado limited liability company, Member ~-==o..., pabic~. Smith, Manager STATE OF COLORADO) ) ss, COUNTY OF PITKIN ) Witness my hand and official seal. My commission expires:()ft ,1Iuo-; STATE OF COLORADO COUNTY OF 'Yrn,.J ) ) ss, ) The foregoing instrument was acknowledged before me this s2!l.i!:. day of ~,:, I .., , 2005, by Brooke Peterson, Manager of Five Rocks LLC, a Colorado ~mpany, Member ofCWA Development LLC, a Colorado limited liability company, Manager of Aspen Land Fund LLC, a Colorado limited liability .- company, Managing Member of The Residences at Little Nell Development, LLC,.lI';'< Delaware limited liability company. , . .~~ ~'i.t;'\. .-..",~o, Witnes.s ~y ~an~~dofficial seal. ' ~, ~ "~'~:Ntck~ i ~ .- My commission expires: cq }!2. y I O~ \,c\ :.~ '+'i/'>: ~: / ClvmJA ~"..,:::,.,:::::,:::~~.". ~oWyP"bl'" ~, ^ ""', dn'HH' "'OD~. 1'f)A'''', H~r ,. . 19 ~. .,'"" STATE OF CAUIbHrLA-) ) ss, COUNTY OF O~-<- ) The foregoing instrument was acknowledged before me this '21 day of ~ ,2005, by Scot Matteson and Mike Smith, Managing Members of Centurion Partners LLC, a California limited liability company, Manager of Centurion Partners Aspen, LLC, a Colorado limited liability company, Member of CW A Development LLC, a Colorado limited liability company, Manager of Aspen Land Fund LLC, a Colorado limited liability company, Managing Member of The Residences at Little Nell Development, LLC, a Delaware limited liability company. Witness my hand and official seal. J'=~'(" 2\ W'J. I NlIIaJy PuIlIIc - CaIfomla I j Olange c-tr - - - - ~~~~~~~t STATE OF ) ) ss, COUNTY OF ) The foregoing instrument was acknowledged before me this day of , 2005, by Patrick N. Smith, Manager of Westpac Colorado LLC, a Colorado limited liability company, Member ofCWA Development LLC, a Colorado limited liability company, Manager of Aspen Land Fund LLC, a Colorado limited liability company, Managing Member of The Residences at Little Nell Development, LLC, a Delaware limited liability company, Witness my hand and official seal. My commission expires: Notary Public / I~ IIII~IIIIIUII~II ~~~~d0~ft;~01 SILVIA DAVIS PITKIN COUNTY co R 166.00 D 0.00 3t88793_4-~CH: 20 ""'" /.--..,\ STATE OF CALIFORNIA ) )ss. ) COUNTY 01' SAN'.rA BARBARA On this 28th day of April, 2005, before me, the undersigned, a No- tary Public in and for said State, personally appeared PA!l'lU:CK N. SlfiTB, personally known to me (GF Frg.p^...I ~Q mg SA. thG s.:l.Gie af satie h..t"~l' ~. id~u~~) to be the person (.8') whose name (-e-) is/.H'e subscribed to the within instrument and acknowledged to me that he/~/taey exe- cuted the same in his/~/t~ authorized capacity(~), and that by his/her/~r signature~) on the instrument the person(~), or the en- tity upon behalf of which the person l-5'f acted, executed the instru- ment, ~TNESS my hand and official seal. LEANNE KAY LUSTIG . ca.M-~ R ~~ COUNTY ~ ~~:.o:. ,j id State NOTE: Attached to Subdivision/PUD Agreement for the Residences at Little Nell Subdivision/PUD undated re "Little Nell". 1I11111~1~lllllnll~11111 :;~~f~~el SILVIA DAVIS PtTKIN CCUN1Y co R 166." D e.llll ./ ....'" ,~. ", ., ,/ 11111111111111111111111111111111111111111111111 ~;~~~0~f ~~ 01 SILVIA DAVIS PITKIN COUNTY CO R 166.08 D 8.00 CONSENT OF MORTGAGEE The undersigned, being the holder of two liens on portions of Lot I, The Residences at Little Nell Subdivision/PUD pursuant to Deeds of Trust recorded as Reception Nos. 469347 and 500220 in the Office of the Clerk and Recorder of Pitkin County, Colorado, hereby consents to and approves the recording of this SubdivisionlPUD Agreement, and hereby subordinates the liens of said Deeds of Trust to the matters set forth herein. Dated this~ay of May, 2005. - ---:;i~tP" Its: pA2{jliGJ- --- STATE OF COLORADO) ) ss COUNTY OF PITKIN ) The fOreg~nsent of Mortgagee was acknowledged before me this S- day of May, 2005, b 7../ JJ /<r _ as t' __ L < (L- _ -J- of Alpine Bank, Aspen, a Colorado corporation, Witness my hand and official seal. My commission expires: 1/'; g( ~ 8 / .~ C~~ ~ . N ary Public . ll74870_LDOC _ 1'"'''- '-" IIIIIU~ 11111111111I111111111111 \ III~IIII~ ~k~~:~f e~~ 01 SILVIA DAVIS PITKIN COUNTY CO R 166.'8 0 e." .... I EXHIBIT rf 26.480.090 Condominiumization. A. GeneraL \Vhere a proposed development is to include a condominium form of o\-Vnership. or if an existing development is to be convened to a condominium form of ownership. in whole or in pan. a condominium subdivision plat retlecting all condominiwnized units. or that portion of the deveiopment to be condominiumized. shall be submitted to the Community Development Director for review and approval as a subdivision pursuant to the tenns and provisions of this section. B. Procedure. A development application for a condominiumization shall be reviewed and approved. approved with conditions, or denied by the Community Development Director, pursuant to the proce- dures and standards in this section and Common Development Review Procedures set forth at Chapter 26.304. No condominiumization shall be approved by the Community Develop- ment Director unfess compliance with all application portions of this Section, applicable portions of this Chapter, and applicable portions of this Title are demonstrated. 1. Contents of ADl,/iCariOn. The contents of a development application for a condominium or condominiumization shall include the following: a. The general application information required in Cornman Developm~t Review Pro- cedures set forth at Section 26.304.030. b. A condominium subdivision plat drawn with permanent ink on reproducible mylar. Sheet size shall be twenty-four (24) inches by thirty-six (36) inches with an unencumbered margin of one and one-half (1-1/2) inches on the left hand side of the sheet and a one-half (1/2) inch margin around the other three (3) sides of the sheet. It shall include: (1) Accurate dimensions for all lines, angles and curves used to describe bOlmdaries, streets, setbacks, alleys, easements, structures, areas to be reserved or dedicated for public or cornman use and other imponant features. All curves shall be circular arcs and shall be defined by the radius, central angle, tangent, arc and chord distances. All dimensions, both,linear and angular, are to be determined by an accurate control sur- vey in the field which must balance and close within a limit of one (1) in ten thousand (10,000). (2) The plat shall be drawn at a scale of one (1) inch equals one hundred (100) feet or larger. ArchitectUI'al scales are not acceptable. If it is necessary to place the plat on " more than one (1) sheer,- an index shall be included on the first sheet. A vicinity map shall also appe:l1' on the fir.;t sheet showing the condominium project as it relates to the rest of the city and the s=t system in the area of ,the proposed condominium, ./ . (3) A description of all survey monuments, both found and sel. which mark the boundaries of the subdivision, and description of all monuments used in conducting the survey. The Colorado Coordinate System may be used. (4) A statement by the land surveyor explaining how bearings, if used, were deter- mined, 1""" -"'..... ..,-,~ (5) A certificate by the registered land surveyor as to the accuracy of the survey and plat, and a statement that the survey was performed in accordance with Colorado Re- vised Statutes 1973. Title 38, Article, 51, as amended from time to time, (6) A certificate by a corporate Title insurer, that the person or person dedicating to the public the public rights-Of-way, areas or facilities as shown thereon are the owners thereof in fee simple, free and clear of all liens :md encumbranC"'...s. (7) Certificates showing approval of the final plat by the City Engineer and Commu- nity Development Director. (8) A certificate of filing for the Pitkin County Clerk and Recorder. (9) Copies of any monumentrecorcls required of the land surveyor in accordance with Colorado Revised Statutes 1973,-Title 38, Article 53, as amended from time to time. , Recordation. The approved condominium subdivision plat shall be recorded in the office of the Pitkin County Clerk and Recorder within one hundred eighty (180) days of its approval by the Community Development Director. Failure on the part of the applicant to record the plat within one hundred eighty (180) days following approval by the Community Development Di- rector shall render the plat invalid and a new application and approval will be required. 3. Subdivision Af!Teement. No subdivision agreement need be prepared or entered into be- tween the applicant and the city pursuant to a condominium or condomininmi7.tion approval unless the Community Development Director determines such an agreement is necessary. 4. Minimum Lease Deed Restriction. 1vlinimum lease deed restrictions imposed by the City Council as a condition of condominiumization approval prior to July 1, 1992, shall only be modified or removed with the consent of the City Council. (Ore!.. No. 55-2000, 9 12) 11~lllml~IIII~lllnl~~IIII~ ~;~~~:0~f ':~0t SILVIO ORVIS 'ITKIN COUNTY eo R 166. ee De. lie ../ .. - c: ~ ~ ... .5 s; o oi .!! :is ::I .... " .. . z .. . 8- == e ::i a. ~ .! .e :IE_ : m ~ fI_ii .QE >- ~C!=II)~ i~:~! "'C . .!! . II iiSmt+t ~28~.t ,"0.", ~ j Ri ~ 8000 000 "''''''' 0":(0')0 "'''' CD ...... ... 88~~8g 100USi:5IO.- 016"':('1)""""; M ..... ... ... 88~155l 000,....... MNrDo)C" .,. .....,.N .. 8888. . . . .. ~~815!il LDQIDM= :;--;; ~ 1 ii:~~ .: i o ... NN 'Oil' It) '" ~ E.5 - Iii "C II) .E ::l - .!!...!lB ~! c"J! li!!.2'j: E.!!ll, ,gC"C <=IC~~ en m ili :::I X E._O ~Cf)"'CO o Cl) c c r:: .2 .2 .f~j1! g! ~ !l]i L:.90.n ~ ; . .. J! '2 .. .. I~ 111111111111~111111~IUI ~;~~:0~f0~~01 SILVIA DAVIS PITKIN CMTY CO R 166.00 0 0.00 ~ o .. c: ::l CON" 00....... 0_ .! 0'" i!: ~ - .. :; j ~ '" OiL u.. j la-J-'O . ... 88888ii . . . . . > 88888<" ......cn(QIOLO 4o'tC'li.....-ri"': : M..,.....C .. ~ ;; ::l "'..... ni ni cG ai a: CDCPCPCP,! ~ i ~ .l'l '2 :;;J M",", ...... NN Il)N__M g .. c .. " o " ~ ... c o 1i " c E ~ :g ] f -" "'" c: ~ 'Cj! .llc: U 0.. - Q~ . ~ " i 8888 ...... (0 CD t"'t ~3i~Q .. ...... 888" . . .J! OCOvl: --..- .. E ~ e .5 . u >>"'i! U)QU)= III ~ ~ '" i o ~88'" "N'" ~~'" 2 " :l ~ .; 'S ! .9 " .. ::l .. '" .. ~ 11 " ~ ~ c U B .. ~!! ., c " . !: I! .... c. 8 J!I.!!-lP c as a 14 .. > .. EOc.o .Eo.. > 0=... eU:~Ci d!l"" .5.!l ,". :::!:W<<; . u i! ::l '" . ~ ", EXHIBIT -' '" l!! .. 1ii Cl II " ~ . . '" . I m..J~cI E s .. i {!. N~"'" " :g c .. E .ll ~ c '" 8 ~ ji - " E ,S; .9 o l'!!r;: (;jCo .sEll ~.9c c'" c .. 8 W B f_CL08 q@!5 LH .5~~,lj ~ ; .. III E o 0; h '0 " E '" oco S~~ i.!: 8: ~!:!:::1 ~E~ -.Q l! e.., -19' " c E "'"Q ';'E'E (gCDC -5~8. ".. " "'8'" ~_ CD .!~= Q)~,Q '" -~ -55~ .5~E '0'5= I: l;TP! QUe. "'.... "~a; :> 3,1ii iE?,g c: e... $ . CI) . ~~s~ '" " "B e '" E .. -CI)wQ. 8i~K ......: N J . "" - "''', '--' Residences at UttJe Nell- Dean Avenue and sITe COST ESTIMATE Galena Street Improvements Date: 2.14.04 Attn: Sunnv Vann Prepared for: Prepared by: SS CWA Development, LLC Checked by; SS Desian Workshop UNIT ITEM ITEM DESCRIPTION QUANT. UNIT PRICE AMOUNT ~~~Jiili~~Q~rr~~~'~~Rit;AR,,'....""."'i. ............ .. . ......'_......'.-, .. ", __n,...n ::::-""."".::..:..::;;--::;..:...-.. ...-.......... ...."............-- ........--'.,.....--, .. ....-..--... ".::.::.".".":".::..:;.; ............-.. ......,..--........ ..n .n... ,__, ~........ 5600 Ornamental Street Ught 12 Each $3,500.00 $42,000.00 5600 Recessed Wall and/or Stair Light 34 Each $300.00 $10,200.00 $52,200.00 I TOTAL SCHEDULE oo2~OO ~~gij~ij~iQQQi$fi~~Mt~a1ANQ~ijflM!!N[i ',,'_ "._._'.."'_d",._.", ""._'_' ...., . ....--............ ....... ....... ..-....,'...... ..... ...".-::.....:~.:.-:::::-". :::.:::::::::". 6300 Stonn Drains and Drop Inlets (includes trench drain) 2 each $1,600.00 $3,200.00 $3,200.00 I TOTAL SCHEDULE 002-6000 1\111111111101 \11\ ~IIIIII~ ~\ II1II111 ~;~~~~f ~~el SILVIA DAVIS PITKIN COUNTY co R 166.e8 De." Residenoes at Lit1Ie Nell Dean Avenue Improvements Cost EstImate Page 1 . ,..., '-' " Residences at Uttle Nell- Dean A venue and SITE COST ESTIMATE Galena Street Improvements Date: 2.14.04 Attn: Sunny Vann Prepared for: Prepared by: SS CWA Development, LLC Checked by: SS Desion Workshop UNIT ITEM ITEM DESCRIPTION QUANT. UNIT PRICE AMOUNT ....d..... -" ~Pt!(lI;~*.,.<<$.Oj~~_llA~~Q$E'",':), .." .........,-.-..-,. ......-- ......... .........--.....-. \\I\II~\III'lnBllnl' ~:;~~:~f ':~UI SILVIA DAVIS PITKIN CO\MY co R 1,&IL U0 0 0, ell Residences at LillIe Nell Dean Avenue Improvements Cost Estimate Page 2 . ,'"" -- "",-,,,,' Residences at Little NeJl- Dean Avenue and SITE COST ESTIMATE Galena Street Improvements Date: 2.14.04 Attn: Sunnv Vann Prepared for: Prepared by: S5 CWA Development, LLC Checked by: 55 Design WOrkShOD UNIT ITEM ITEM DESCRIPTION QUANT. UNIT PRICE AMOUNT ..-.-.....-..-..........,.....>..._.,.-.. ......._..'-Y.,'M.dP'.."_, . ~I!!Q~Q~lJOQlJ$'TI:UMRRQVeNlems ., """"-' .,--, ......... ",--." ... .........., .........-.-................-. ..,.:::.::.:...:--".::.'-.:;..,...:._.:...,.......,- . .........,..-......... .........."..'.__nn. .n.. ",_',_'___ ~w _ .........-.... ................ ',,' '0::" .;:. ::-:::-:~: 8300 Handrails 223 L.F, $55.00 $12,265.00 8400 Site Walls-concrete on grade 362 S.F. $40.00 $14.480.00 8500 Planter Pots (Medium to Small) 12 Each $400.00 $4,800.00 8500 Benches 8 Each--- $2,500.00 $20,000.00 8500 Trash Receptacles 3 Each $750.00 $2,250.00 8500 Bicycle Racks 6 Each $500.00 $3,000.00 8500 Art Element 1 Each $10,000.00 $10,000.00 8500 Pedestrian Bollards 4 Each $500.00 $2.000.00 8500 Iron Trunk Guards 0 Each $500.00 $0.00 8500 Iron Tree Grates 12 Each $500.00 $6,000.00 TOTAL SCHEDULE 002-8000 $74,795.00 I \ III1 n~ liD III\I~ IU 1III ~ II :;~~~i~f ~701 SILVIA DAVIS PITX1N COUNTY CO R 166.8e D e.fae / Residences at Ullle NeD Dean Avenue Improvements Cost Estimate Page 3 . ,....., - /", - SITE COST ESTIMATE Date: 2.14.04 Residences at Little Nell- Dean Avenue and Galena Street Improvements Atln: Sunnv Vann Prepared for: CWA Development, LLC Prepared by: 5S Checked by: SS Design WorkShOD UNIT ITEM DESCRIPTION QUANT. UNIT PRICE ~'!;!::!!!J~!~Q~Mi~~Emfd~""t,jN;......"'.:"..'.' .....................................?../.............,.. ITEM AMOUNT '<:'::::'::'.:' .. .. .. . ."~' .... -... 9200 Irrigation: b. Irrigation Sleeving 475 L,F. $6.00 $7,416.00 $2,850.00 $10,266.00 I a. Irrigation Coverage 412 S,Y. $18.00 TOTALSCHEDULE002~100 I~Qi:!~j.lE;O't~i..~M~!!;~$y$l'gs,)?............ .... :;::..~:,;}:;;::;.,;~ ....... ............. '1 ~~ ~.\;?~kj~~:r~j:ji~ :~Jr:;;1::~:; ", ...-....-...'.........,.....,..-.-----..... .............. . 6100 Slab Snowmelt System 9,450 S.F. $15.00 $141,750.00 $141,750.00 I TOTAL SCHEDULE 015.6000 \\\II\UIIIIIIIII\'\I ?~~~~~~e~el SU.'lltA DAVIS PI11tIN COIJNT'l' co . ./ Residences at UtlIe Nell Dean Avenue Improvements Cost estimate Page 4 ,......" -- "".... - Residences at UttIe Nell. Dean Avenue and SITE COST ESTIMATE Galena Street Improvements Date: 2.14.04 Attn: Sunny Vann Prepared for: Prepared by: SS CWA Development, LLC Checked by: SS Design WOrkshoD UNIT ITEM ITEM DESCRIPTION QUANT. UNIT PRICE AMOUNT PROJECT SUMMARY SCHEDULE 002-5000 SITE UTILITY. ELECTRICAL $52,200.00 SCHEDULE 002-6000 SITE DRAINAGE AND CONTAINMENT $3,200.00 SCHEDULE 002.7000 PAVEMENT AND CURBS $231,724.50 SCHEDULE 002-8000 SITE IMPROVEMENTS $74,795.00 SCHEDULE 002-9100 LANDSCAPE IRRIGATION $10,266.00 SCHEDULE 015-6000 MECHANICAL SYSTEMS . - .--------- '-'$141.750,00 TOTAL CONSTRUCTION COSTS $513,935.50 CONTINGENCIES (15%) $77,090.33 TOTAL PROJECT COST $591,025.83 UlUlll1510210 \\\lUII\lII'\\\BUlR 166.:~~~~~:.t0~~01 SIl..VIA DlWl$ PITKIN cOUNTY ./ Residences at LItlle Nell Dean Avenue Improvements Cost Estimate Page 5 . ,""-. '- .....,. Residences at UttJe Nell- Dean Avenue and SITE COST ESTIMATE Galena Street Improvements Date: 2.14.04 Altn: Sunnv Vann Prepared for: Prepared by: SS CWA Development, LLC Checked by: SS Desion Worksho" UNIT ITEM ITEM DESCRIPTION QUANT. UNIT PRICE AMOUNT THIS COST ESTIMATE WAS BASED ON THE FOLLOWING ASSUMPTIONS: The prices do not include any rock excavation or existing site demolition. The prices used in the estimate are 2003 construction prices, and neflect summertime constructil conditions. All quantities are pneliminary and are subject to change upon completion of final construction drawings. All prices include supply and install by Contractor IIIII~ IIIIIIIIII~ IIIIIIII~IIIIIIIIIIIIII :;;~~:~r e;7.1 SILVIA DAVIS PITKIN COUNTY CO R 166.e. D ..e. ./ Residencas at Ultle Nell Dean Avenue Improvements Cost Estimate Page 6 ,....., / ... EXHIBIT . - ....".-...- Residences at LIttI. Nell LanUc.pin1l eo.t EttbNta 8ubdMIIloal~"""" j c:::::::: , ....... 12 .rCll G "CI&. DO ."CIl. 4' 2.&-_ ... ... ... ... .....Ol ... $I,otDJIJ ... "'" .. ....Ol .......... ....... Sl1AeO.11O ...... ..." W.. 1 W.. ..... ... 17.30 ,.,5.10 "'.30 $17.30 StUD $1,711.10 117.30 S5.553.3O 1t5.1O I2.1ZSJIO ...... ......... 12t.DD S18a.OO "'t $1,1014G .Ita .,123.00 "11V!~.;r~~- I.......R A 1175141__fNII .. I I ..... cat"'4.00 ~.......plInt""""tIIq:lcWeIyirriglllan"'~""'CIIll'lInll -,....~.......liIIct\ldIlfi8Mdmklnd 10% pl-..:........ r;tt ....6gd1n~ -.ReW"'lidblklwlDr...".....~ln..MM~ ................ .....1 g -- ""'-- --- -....... S)wI... r"""'" -- -- -- -- -...- -- .-- 8r:lUIWllut~,..,.. -- ~"""AmiMI' -- FN.-.dI'm.nwi -- -- .....- ....- -- "'- -- -- -""""' RDckr~~ -,- eo.-.MIipIIr _F_ IndiInR......~ ......... -- SMI.llil8llndtfMeqnlu AnIlIIw..m Wh...... --- --- Rocky ...... CaUnIliM ""--"- -- ./ cwu.w.1"ItO.IEI:r AcauORlfl M*.1III'RO\/UIBfTa(404cu..,....) IN.DD~- ...- """""'1IuIcb(1Dl cu..,..} fIlUIDii"'''w- :r-.per~ IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII~ 11111111 ~IIIIII SILVIA DAVIS PITKIN COUNTY CO 510210 llaTOTAL fiol:_ PaQe: 33 of 33 05/17/2005 04:01 R 166.00 D 0.00 to%ContttmoJ _. GRAND TOTAL __!IIIaID1