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HomeMy WebLinkAboutcoa.lu.su.Gordon Callahan Elmor ~ ~ ~ ~ l III ! C; !~ ~ ~ r ~ ~ ~ -- '!' .\ - #-...;9333 01/04/91, 16: 14 Rec $'1-_,00 BK 637 PG 137 Silvia Davis, Pitkin Cnty CI~rk, Doc $.00 :329~O 61/18/91 11, 47 ReC$100. 00 Sk: 638 PG 88 IlvI. DavIS, PItkin Cnty Cl-rL D . . = t'"~, OC $.. 00 I P.U.D. SUBdIVISION AGREEMENT. GORDON/CALLAHAN RESUBD,~ON '/) CJ /("4,... (::?ct",,4',. / 'C..e. ~./ C.E'e-v'j' ~ "-~ THIS AGREEMENT is made this .? day of .~ ' J -:O'''\..p 199/, between JOHN A. ELMORE II and LIONEL L. <yctW.., (the "Ow ers") , 9 c-.. ---. and THE CITY OF ASPEN, a municipal corporation (the "City"). 1/ RECITALS WHEREAS, Owners own that certain real property (the "Property") located in the City of Aspen, County of Pitkin legally described as: Lots 8 and 9, Callahan SUbdivision, according to the plat thereof, County of Pitkin (owned by Elmore); and Lot 2, Gordon SUbdivision, according to the plat thereof recorded AUgust 16, 1989 in Plat Book 15 at Page 25, Reception No. 252398, County of Pitkin (owned by Yowl and; WHEREAS, the Owners submitted an application for, and received approval for a conceptual P.U.D development plan from the City on April 24, 1988, for the development of a residential project (the "Project") and final approval from the City for the Subdivision and P.U.D application as well as a grant of vested rights status to the Project on July 9, 1990 by virtue of Ordinance 41, Series of 1990; and WHEREAS, pursuant to the land use regulations of the Municipal Code of the city of Aspen (the "Code"), the Owners and the City enter into this P.U.D. Subdivision Agreement for the Project which will provide for the construction of the pUblic improvements associated with the Project; and WHEREAS, the Owners have submitted to the City for approval, execution and recordation a plat for the Project (the "Plat") and the City agrees to approve, execute and record the Plat on the agreement of the Owners to the matters described herein, subject to the provisions of the Code and other applicable rules and regulations; and WHEREAS, the City has imposed conditions and requirements in connection with its approval, execution and acceptance of the Plat and such matters are necessary to protect, promote and enhance the pUblic health, safety and welfare, and pursuant to the Code, the city is entitled to assurances that the matters set forth herein will be faithfully performed by the Owners and the Owners' successors and assigns; and ..-r. / "'\, ,;-0.... #329333 01/04/91 16:14 Rec $95.00 BK 637 PG 138 Silvia Davis, Pitkin Cnty Clerk, Doc $.00 #329630 01/18/91 11:47 Rec $100.00 BK 638 PG 89 Silvia Davis, Pitkin Cnty Clerk, Doc $.00 WHEREAS, the Owners are willing to enter into such agreement with the City and to provide assurances to the City; NOW, THEREFORE, in consideration of the mutual covenants contained herein, and the approval, execution and acceptance of the Plat for recordation by the City, it is agreed as follows: AGREEMENT 1. Descriotion of Proiect. The Project consists of the reconfiguration of Lots 8 and 9 of the Callahan Subdivision and the subdivision of Lot 2 of the Gordon Subdivision into three free-market lots (Lots 2A, 2B and 2C). The terms of this Agreement shall apply to those five free-market lots owned by Owners, which are Lots 8 and 9, Callahan Subdivision and Lots 2A- 2C, Gordon Subdivision (the "Lots"). Each of the five free- market lots has a building right attached to it so each lot is exempt from the Growth Management Quota System competition. In addition, the Project will consist of four accessory dwelling units deed restricted to Housing Authority resident occupancy guidelines, to be located on Lots 2A, 2B, 2C and 9. 2. Acceotance of Plat. Upon execution of this Agreement by all parties hereto, the City agrees to approve and execute the final plat for the Project submitted herewith and reduced-size copies of which are attached hereto as Exhibit A which conforms to the requirements of Section 7-1004 of the Code. The City agrees to accept such plat for recording in the office of the Pitkin County Clerk and Recorder, upon payment of the recordation fee and cost to the City by Owners. 3. Construction Schedule and Phasinq. The City and the Owners mutually acknowledge that exact construction schedules cannot be determined at this time, and, further, that should Owners convey any of the Lots, they will not control the construction of improvements, other than pUblic improvements, on the Property. However, it is anticipated that construction of any of the improvements approved for the Lots will begin no later than three years from the vesting of the Owners' property rights in their plans for the Lots. The anticipated construction schedule is as follows: a. The driveway (as shown on the Plat) and all other public improvements shall be constructed on or before June, 1991 and are anticipated to be completed as soon thereafter as ' possible. All such public improvements shall be completed by 2 """ -, #3~~333 01/04/91 16:14 Rec $95.DO BK 637 PG 139 Silvia Davis, Pitkin Cnty Clerk, Doc $.00 '-~----_...._.,^,~-~----- #329630 01/18/91 11:47 Rec $100.00 BK 638 PG 90 Silvia Davis, Pitkin Cnty Clerk, Doc $.00 ,._.__.~--_._--_._..__.._--_._._-_._----_._----_.__._--------------------_._-_._-------_._------_.._----~ Owners and inspected by the City prior to issuance of any certificates of occupancy for the Project or within three years of the date hereof, whichever first occurs. b. The landscaping improvements shall be installed in the first planting season following completion of construction, as more fully described in Paragraph 4. 4. Landscapinq Improvements. In accordance with the Code, the landscaping improvements shall be installed as represented and shown on the plan attached hereto as Exhibit B, which plan shows the extent and location as well as the type of plants to be installed, and all landscape features, flower and shrub definition, proposed treatment of all ground surfaces (e.g., paving, sod, gravel, etc.) and the other elements of the landscape plan. All areas disturbed as a result of the construction on the Lots shall be revegetated prior to the issuance of any Certificate of Occupancy for each Lot. The rest of the landscaping shall be installed as soon as possible, no later than the first planting season following the completion of the construction adjacent to the area of planting. The Owners shall promptly replace any plants which have not survived for a period of two growing seasons following the final certificate of occupancy for the Project. The Owners shall document for review, by the Engineer, Parks and Planning Departments, those dead trees or shrubs, dead limbs from live trees or shrubs, and clearing of any dead material off the ground that shall be removed prior to June 1, 1991. The Owners and Planning staff have agreed to identify the live vegetation to be removed for defined view corridors by June 1, 1991. Any additional removal of vegetation after June 1, 1991 in the area between the stone wall and river shall require stream margin review. Prior to the issuance of any building permit before June 1, 1991, review by the Engineer, Parks and Planning Departments shall be required to determine that the Owners' action is consistent with the existing stream margin review. 5. Public Improvements. a. Water Lines. The Owners will provide a water line extension as shown on Exhibit C attached hereto. b. Sewer Lines. The Owners will provide a sewer line extension as shown on Exhibit C attached hereto, in order to service the Project. 3 ,-.. - #329333 01/04/91 16:14 Rec $95.00 BK 637 PG 140 Silvia Davis, Pitkin Cnty Clerk, Doc $.00 #329630 01/18/91 11:47 Rec $100.00 BK 638 PG 91 Silvia Davis, Pitkin Cnty Clerk, Doc ..00 c. Fire Hvdrants. The Owners will install a new fire hydrant as shown on Exhibit C attached hereto. d. Relocation of Riverside Ditch. The Owners, in their discretion and subject to the approval of the Riverside Ditch Association, may relocate the Riverside Ditch from its current location to a new location; provided, however, that a copy of the easement to be granted by the Owners to the Riverside Ditch Association evidencing the new location of the ditch on the Property shall be provided to the City Engineer. e. storm Water Drainaqe Improvements. The storm sewer system and dry well for site drainage, water retention and other site drainage features will be installed in accordance with the representations, drawings, plans and reports attached hereto as Exhibit C. 6. Securitv for Public Improvements. In order to secure the performance of the construction and installation of the public improvements described above, the Owners shall provide a bond, letter of credit, cash or other guarantee in a form satisfactory to the City Attorney in the sum of $34,128.50 (the amounts attributable to the specific public improvements is set forth on Exhibit D hereto). Said guarantee will be delivered to the City prior to the issuance to the Owners, or any third party grantee, of a building permit for any free-market construction associated with the Project. The guarantee documents shall give the city the unconditional right, upon clear and unequivocal default by the Owners in their obligations specified herein, to withdraw funds against such security sufficient to complete and pay for installation of such public improvements. As portions of the improvements are completed, the City Engineer shall inspect them, and upon approval and acceptance, he shall authorize the release of the agreed estimated cost for that portion of the improvements, except that ten percent of the estimated cost of the improvements shall be withheld for the benefit of the City until the completion of all of the described public improvements. The Owners shall require all contractors to provide a warranty that all improvements were constructed to accepted standards of good workmanship for the benefit of the city for the installation of the pUblic improvements described herein for one year from the date of acceptance. In the event that any existing municipal improvements are damaged during Project construction, on request by the city Engineer, a bond or other suitable security for the repair of those municipal improvement shall be provided by Owners to the City. 7. Water Line Easement. A water line easement, in the location as shown on the Plat, is dedicated by the Owners for the 4 ,-.. 1-" #32', .33 01104/91 16, 14 Rec $95. BK 637 PG 141 Silvia Davis, Pitkin Cnty Clerk, Doc $.00 '.__.________~_..."~M__"~""__.~___~__.~__"_....~.______~__ benefit of the City and the City water district in order to facilitate the future looping of the water system in the immediate area of the Property. 8. Emplovee Housinq. Owners shall construct, or cause to be constructed, four accessory dwelling units on Lots 2A, 2B, 2C and 9 all of which will be deed-restricted to the Aspen/Pitkin County Housing Authority's (the "Housing Authority") resident occupancy guidelines only, provided that the Owners or their grantees shall have the right to designate the occupant of each unit and give occupancy priority to qualified employees of the owner of the lot at the time. A sample of the deed restrictions for the accessory dwelling units is attached hereto as Exhibit E. Each purchaser of Lots 2A, 2B, 2C and 9 shall, prior to the issuance of a building permit to the purchaser for the construction of a single-family home on the purchaser's lot, execute and deliver to the Housing Authority a deed restriction for his lot. The employee units are exempt from Growth Management Plan requirements. 9. Park Dedication. Park development impact fees shall be paid to the city of Aspen in accordance with Article 5, Division 6 of the Code. Such fees shall be paid in the amounts required by section 5-603 of the Code by each purchaser of a Lot at the time such purchaser is issued a building permit for development of the Lot purchased, in accordance with section 5-604 of the Code. 10. Pedestrian Bridqe and/or Trail Improvements. Owners shall construct a pedestrian bridge within twelve (12) months of the issuance of the initial building permit for the Project, such bridge to be built in accordance with those design standards as adopted in the Aspen Pedestrian Walkway and Bikeway System Plan across the Roaring Fork River, connecting the existing trail easement traversing the Gordon-Callahan Subdivision with the municipally-owned property on the west side of the river. Alternatively, and at Owners' option, Owners may pay a cash sum in the amount of Twenty-five Thousand and nO/lOO dollars ($25,000.00) in lieu of construction of such bridge. If a cash sum is to be paid in lieu of actual construction of the bridge, such sum shall be paid at the time of the issuance of the initial building permit for the Project. If Owners elect to make the cash payment to the City rather than construct the bridge themselves, and the City is able to construct the bridge for less than twenty-five thousand dollars ($25,000.00), the City shall promptly refund to the Owners the difference between the sum paid by the Owners and the actual cost of construction. 11. Improvement Districts. Owners agree to join any improvement district formed for the area in which the Project is located. 5 #329630 01/18/91 11,47 Rec $100.00 BK 638 PG 92 Silvia Davis, Pitkin Cnty Clerk, Doc $.00 ~9333 01~04/91 16'14 Rae ~.OO BK 637 PG . VIa DaVIS, PItkin Cnty Cr~'k Doc $ nn ------'---_...-.,.__.._-----_._~---_._.~-_._~._---_._-~-~'-----_.~-=--::_-_.~ 142 12. Wood-burnino Devices. The Project shall comply with existing regulations applicable to wood-burning devices and gas devices, which currently allow for one gas fireplace and one certified wood-burning stove an unlimited number of gas appliances. 13. Maximum Floor Area. The Project shall consist of the following maximum floor area limitations (not including the 250 square feet of bonus floor area for which each of the accessory dwelling units shall be eligible pursuant to the provisions of City of Aspen Ordinance 1, series of 1990): Lot 8, Callahan Subdivision: 4670 square feet; Lot 9, Callahan Subdivision: 4620 square feet; Lot 2 A, Gordon Subdivision: 4700 square feet; Lot 2 B, Gordon Subdivision: 4530 square feet; Lot 2 C, Gordon Subdivision: 6120 square feet. 14. Buildino Materials. Materials used to build improvements in the Project shall be restricted to materials such as wood siding, non-reflective metal or wood roofs and masonry rocks similar to other residences in the Callahan Subdivision. 15. Material Representations. All material representations made by the Owners on the record to the City in accordance with the approvals granted the Owners shall be binding on the Owners. 16. Fishino Easement. The Owners shall dedicate to the use of the general public, for fishing purposes only and not as a pUblic trail, a perpetual, non-exclusive easement and right-of- way along that portion of the property lying between the center- line of the Roaring Fork River and a line which is 5 feet (measured horizontally) above the high water line of the Roaring Fork River, as shown on the Plat. The Owners reserve to themselves, their grantees, successors and assigns, the right to use and enjoy the easement area for all purposes which do not interfere with the pUblic fishing rights dedicated hereby, and shall have no responsibility or liability in connection with the use of the easement by the fishing public. 17. Enforcement. In the event the city maintains that the Owners are not in substantial compliance with the terms of this Agreement or the final Plat, the City Council may serve a notice of noncompliance and request that the deficiency be corrected within a period of 45 days. In the event the Owners believe that they are in compliance or that the noncompliance is insubstan- tial, the Owners may request a hearing before the City Council to determine whether the alleged noncompliance exists or whether any amendment, variance or extension of time to comply should be granted. On request, the City shall conduct a hearing according 6 #329630 01/18/91 11.,47 Rec: $100.00 BK 638 PG 93 Silvia Davis, 'Pitkin Cnty Clerk, Doc $.00 ~ ~ #3, 333 01/04/91 16: 14 Rec $95 .10 Sf< 637 PG 143 SIlVIa Davis, Pitkin Cnty Clerk, Doc $.00 to its normal procedures and take such action as it then deems appropriate. 18. Notices. Notices to the parties shall be sent by United states certified mail to the addresses set forth below or to any other address which the parties may substitute in writing. To the Owners: John A. Elmore II P.O. Box 381 Wrightsville Beach, N.C. 28480 Lionel Yow Yow, Yow, Culbreth, Fox & Pennington 102 North Fifth Avenue P.O. Box 479 Wilmington, N.C. 28402 To the city of Aspen: City Manager 130 South Galena Aspen, Colorado street 81611 with a copy to: city Attorney 130 South Galena Street Aspen, Colorado 81611 19. Bindinq Effect. The provisions of this Agreement shall run with and constitute a burden on the land on which the Project is located and shall be binding on and inure to the benefit of the Owners' and the city's successors, personal representatives and assigns. 20. Amendment. This agreement may be altered or amended only by written instrument executed by the parties. 21. agreement remaining Severability. If any of the provisions of this are determined to be invalid, it shall not affect the provisions hereof. Attest: THE CITY OF ASPEN, a municipal corporation ~).xld~ "KATHRYN . KOCH city Clerk ~~/~< WILLIAM L. STIRLING, Mayor ~ 7 #32963001/18/9111:47 Rec $100.00 Bf( 638 _S~_l_~'~_~av"s, Pitkin Cnty Cler'k, Doc $,,00 PG 94 ,;';"" - 11'329333 01104/91 16: 14 Rec. 85.00 BK 637 PG 144 Silvia Davis, Pitkin Cnty Clerk, Doc $.00 Approved as to form: ~'N1,~ City Attorney b ~o.1e. - ~ II STATE OF COLORADO ) ) ss. COUNTY OF PITKIN ) Acknowledged before me ~ 3 STIRLING, Mayor, and KATHRYN~S. KOCH City , 199 I by WILLIAM L. Clerk. , :; \.1"110)';" \' ,J '~,'.It> . ,..", .; .<, ':,,~t.~" , ..; 17 J/' ,',' I) ", 0: Witness my hand and official seal. MyCclmmJsslon olljllre$9I27illl! My commission expires: STATE OF COLORADO ) ) ss COUNTY OF PITKIN ) Acknowledged before me ELMORE II. \Ja.~ d, 1991- by JOHN A. witness my hand and official seal. My Commission expires: '!lO/qy 8 ktf/l!l~~....".""', ~otary Pu: lie '",.;....l~~/n.."/r(" ". ,: I' "'. ll'''/~/ " .........~. r~"'"" .,' ....-1'1', .... " \)T,1 f'I}-\ "" \ . . 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C) I~:=='-I I II !I ~~ :::.~ ,.: ~.;-, .< ~j . - . I ~ " d " .1. ~ ~ ?' ~ f 00 . i! I' " , " ""- .i>-< ;~~ 000 1Z~;~ g~~~ ~gQ; ~ Z...>I: ~l:1~ ~ -<", -< Cl~...:) ~~f~ m~ (1)# 1-'. fA l-' t..,) < .JJ ...' 0' OJ c.J () t::1_ !ll ,__, < ..... ...' "- U1 ..... ~ ro "- .,,-0 ...' ..... rl' A""'" ...' ..... :J .. -I> [') -,j :J rl';JJ ; '< ~ ~~ 11l ..... '1 () ...- ,...... .... ..... ~ . .-. 0':;' g '*' .~.~ ~ '0' 0,", () OJ ." Gl ..0 m o~~i Xl Xl:>-'" :>- '" "'::0 .c: ~% ~ <="'''0 ~-:l~% ~,.., c:". :g~ "'=r- ~f~ ......:.'" c Xl.~ ::>!!::;: ~~~ #329630 01/18/91 11:47 Rec $100.00 BK 638 Pb Silvia Davis, Pitkin Cnty Clerk, Doc $.00 99 EXHIBIT "B" . 0) 'r;.-,~j f ~ " ", .-'. . , ( \) .}<~ H\" '1-'; ~:. ,:: ' , 'f, :\,~ it ~ \~ l ,<( ',~.~ ~'~J\ ,,' ~. ~r'. 'J 'n \'\ $ ~, 'I \'~;: ',,' ~ .~ ~ ~~ h , >1 ~. ~ .1 filii '. ~ " \ ,'," " ~ .; i~ ': , ~~ ':t~ " il:!: . '(I~I :01 I' ~ / "\ , , , . , ;; , - ..' / / / :~~.', - ?rr/ft ~- " I~ : I~ , , I.' - 'I I \-- I' ;1\ ,', :t"li' H ~}~ ~' '5 I f! ". <. ,~ L ..:- ~J CpRr.::>at-.4 / CAiJ.A1-\4f.,\ " . . . " '. ;; . n z ~ ..!~.. . a STAN MATHIS 1 11' I ,I j i-'l ANNIr-.G , .'~ j '\ <) 0, l 4 '4 '>J 1 6'61? ~ ... ~~29630 01/18/91 f '47 Rec $100.00 BK 638 PG ,~ --- Silvia Davis, Pitkin Cnty Clerk, Doc $.00 --. -- --, - -"-'-"~-"'-'-'-",-- (.!) iL o 1'-0 .., . ..0* ,,/POOII >COpy, .. ..... ........ ......... ......... . .,. .. .... . ......... ..... :::.::: u ill 0 Cl o o . ...::.:: b"J ~ 0-- (lj * ..... (J ~ >- "+J C <t (J ..... .. C -<l '" ..... -" +J ..... '" 0-- iL , <t . o 1Il , '" ..... > o '11 Cl !'? 1"':1 l'I1 n ..... 0-- > r'l ..... l'0 ...., #0) ...... ...,..-<.,. ........................ ....... . .. ... ......... ...... .. .....,.... ..h..... ....... ......................... + .n.'_" ......1.... ......... .................... ---i-.._ ......... ....,.... ,.- :1,;; .............,.. , ' , il!'1 1 ".r'" ',I! iii"! '1,1 ..... 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" (l) . ..... 1)1 " '... ..... > ,.., III - 0 o i"l III ..0 '... 0-- > (...~ ....... f't') ..... # (0 '<~.". .~ - >.s' , ..~ . t . ~ ~ ~ , .. f' ~ 'iil! !i ,~! i " ~ ! ~ i II' . ~ j= i "'~.. .. .- , I Lj\lul: 11 i!! ! \ ~ ! : 1 ;---"u___ t ~ ", / ~ ~ . , ! 1 , , , , , , ! , ! . " I I I i l II 1 I i , I! , . I , I ,1 1 , 'j =f'----- .. n.__, ,/;~"</ If :/ /Ii j ! . , i , . ,~ I . , ~ r i E ';'~:."\lP ";", ." ~:-....1'", ...~. ,_ .:;''' , ,(, . .. "11' " IiI! ~ a~~L ~: 1".1 , . 'rr" '{I,/ ( i ~ . I , i , ~ . ':: I . ~ .. I ~ , 1 ! Ii ~ :1 r 'III I. II I i I' I I 21~~"" >'3<>~ 7'.",.,.: w. ~ CS; ~ 5 cf',. ill -.J " - 2 <l: 4. (y' ...l l- I\. D, W {' .,,- ,---' Q -0 L... L.... ----- .. i ! I , I ~ f \1 ~ " , I . , , , ~'t . ",' 'i ~ ~ "fI.ttIR . ; , 'COf'f' ..7;, .,' " .. ;~'., ",",-: :"'0" ..... .;, -c. ';'., ,.,.'.:'," ',. . .'0, ."..... '. ,', : " ," )-",,'<;-:,'," //)'+-,\'"':< ,',- " .~ (!l il. ,~ ""0 ..,. -81/> :::.::: u III 0 Q , , o .. . .::t: I[) L CI'- IlJ 1/>.... U U IlJ >- CC,;.; C <tU ... .. C ..0 '.... 'l-I..:i ,;.; ... '.... Cl'-il. "- <t . o 1Il "- '.... ... > o I!:I Q I") I") I!:I f"") ."", CI'- > N .... tr:l..... # OJ /' ^ SCHMUESER GORDON MEYER tNC, ,~ 1512 urand Avenue, Suite 212 Glenwood Springs, Colorado 81601 (303) 945.1004 CONSUL TING ENGINEERS & SURVEYORS EXHIBIT "D" OORIXJ:;J/CAWIHAN IMPRCl\/E2IIENr COST ESTIMATE Item A. Water utility 1. 8" waterline 2. Fire hydrant B. Sewer Utility 1. 1-1/4" force main 2. 2" force main 3. Sewer manhole 4. Cleaoout C. Electric utility D. Telephone Utility E. Cable Utility F. Gas Utility G. lbadways 1. Main access road H. Drai~}~llprOlTements 1. CUlvert installation 2. Barrow ditch 9001-11/29/89 ,Unit Quantity 200 L.F. 1 Each 183 L.F. 145 L.F. 1 Each 1 Each 200 L.F. 200 L.F. 200 L.F. 200 L.F. 183 L.F. 50 L.F. 570 L.F. Unit Cost 'lbtal Cost 35.00 1500.00 Sub total 7,000.00 1,500.00 $ 8,500.00 $ 20.00 $ 3,660.00 20.00 2,900.00 2000.00 2,000.00 1000.00 1,000.00 Sub total $ 9,560.00 12.50 $ 2,500.00 5.00 1,000.00 5.00 1,000.00 5.00 1,000.00 44.50 8,143.50 20.00 20.00 $ 1,000.00 1,425.00 Sub total $ 2,425.00 ~ $ 34,128.50 #329630 01/18/91 11:47 Ree $100.00 BK 638 PG t03 Silvia Davis, Pitkin Cnty Clerk, Doe $.00 ,-, 1"", EXHIBIT "E" #329333 01/04/91 16,14 Rec $95.00 BK 637 PG 152 Silvia Davis, Pitkin Cnty Clerk, Doc $.00 OCCUPANCY DEED RESTRICTION AND AGREEMENT RESIDENT OCCUPIED DWELLING UNIT ORDINANCE ONE THIS OCCUPANCY DEED RESTRICTION AND "Agreement") is made and entered into this ,19 ,by as between ~ the city of Aspen, County of Pitkin, State of Colorado, whose address is (hereinafter referred to as "Owner"), and the ASPEN/PITKIN COUNTY HOUSING AUTHORITY a multi-jurisdictional housing authority established pursuant to the AMENDED AND RESTATED INTERGOVERNMENTAL AGREEMENT recorded in Book 605 at Page 751 of the records of the Pitkin County Clerk and Recorders Office (hereinafter called the "Authority"). AGREEMENT (the day of the Owner owns real property more specifically ("Real the Owner intends to construct and a square foot bedroom Resident Occupied Dwelling Unit ("R/O Unit"). For purposes of this Agreement the R/O Unit, , and the real property and all appurtenances, improvements, and fixtures associated therewith shall hereinafter be referred to as the "Property"; and WHEREAS, described as Property"), upon which WHEREAS, this Agreement imposes certain covenants upon the R/O Unit, when rented by Owner, which restrict the use and occupancy of the R/O Unit to working residents of Pitkin County and their families who fall within the Housing Authority resident qualification guidelines established and indexed by the Authority on an annual basis NOW, THEREFORE, in consideration of the premises, Owner hereby covenants and agrees as follows: 1. Owner hereby covenants and agrees that the property shall not be condominiumized during the term of this agreement such that the R/O Unit and the single-family residence are considered separate properties, but that the R/O Unit shall be constructed and maintained so as to be capable of being rented separately from the single-family residence. 2. The Owner shall not be required to rent or lease the R/O Unit, but if it is rented or leased, occupancy shall limited exclusively to individuals who are employed full-time in Pitkin County, together with a spouse and related children. The lessee shall meet and comply with the definition and requirements of a working resident established and from time to time amended by the Authority. Owner shall have the right 1 #329630 01/18/91 11,47 Rec $100.00 BK 638 PG 104 Silvia Davis, Pitkin Cnty Clerk, Doc $.00 '-. ,- #32~333 01/04/91 16,14 Rec $95 0 BK 631 PG 153 Silvia Davis, Pitkin Cnty Clerk, Doc $.00 ---------------~-~-_.,'--~----, to lease the RIO unit to a qualified working resident of his selection. 3. Written verification of employment of prospective tenants of the RIO unit shall be completed and filed with the Housing Authority Office by the Owner prior to occupancy thereof, and must be acceptable to the housing Authority. 4. Occupancy of the RIO unit shall be limited to no more than two (2) adults and related children. 5. Any lease of the RIO unit shall provide for a term of not less than six (6) consecutive months. A signed and executed copy of lease for the RIO unit shall be submitted to the Housing Authority within ten (10) days of approval of residents. 6. This Agreement shall constitute covenants running with the Real property as a burden for the benefit of, and shall be specifically enforceable by, the Housing Authority and the City of Aspen, their respective successors as applicable, by any appropriate legal action including, but not limited to, injunction, abatement, or eviction of non-complying lessees. IN WITNESS WHEREOF, the parties hereto have executed this instrument on the day and year above first written. OWNER: Mailing Address: #329630 01/18/91 11,47 Rec $100.00 BK 638 PG 105 Silvia Davis, Pitkin Cnty Clerk, Doc ..00 2 ."""" ~ #329333 01/04/91 16: 14 Rec $9::'. JO Bf< Silvia Davis, Pitkin Cnty Clerk, Doc 637 PG 1S4 $.00 STATE OF COLORADO COUNTY OF ) ) ss ) The foregoing day of instrument was acknowledged before me this , 1990, by witness my hand and official seal. My commission expires: Notary Public Notary's Address: ACCEPTANCE BY THE HOUSING AUTHORITY The foregoing Agreement and its terms are accepted by the Aspen/pitkin County Housing Authority. HOUSING AUTHORITY OF THE CITY OF ASPEN AND PITKIN COUNTY, COLORADO By: Mailing Address: Aspen/Pitkin County Housing Authority 39551 Highway 82 Aspen, Colorado 81611 3 #329630 01/18/91 11:47 Rec $100.00 BK 638 PG 106 Silvia Davis, Pitkin Cnty Clerk, Doc $.00 -------.__..~~--------~._._-~--~.__._-----"^,._~----------"-~---'---'-- ~. !~, #329333 01/04/91 16:14 Rec $95.00 BK 637 PG lSS Silvia Davis, Pitkin Cnty Clerk, Doc $.00 STATE OF COLORADO ) ) ss ) COUNTY OF PITKIN The foregoing day of instrument was acknowledged before me this , 1990, by witness my hand and official seal. My commission expires: Notary Public Notary's Address: jeh\lu\eln~re.odr #329630 01/18/91 11:47 Ree $100.00 BK 638 PG 107 Silvia Davis, Pitkin Cnty Clerk, Doc $.00 \ . 4