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'r`� RESOLUTION OF THE BOARD OF CODNTY °� ,,,� � .
COMMISSIONERS OF PITKIN COUNTY, � -'x-
���� COLORADO, AUTHORIZING APPRODAL U m� � �
OF THE IMPROVEMENTS AGREEMENT �„ o= --J
'� ' FOR THE CENTENNIAL PROJECT -'° �^'
..l»,� � ma � . ,w.r.
Resolution No. 84- u L p
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WHEREAS, pursuant to a Request for Proposals and �
rr:� a proposal For development submitted in response thereto,
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?=��' World Class Housing proposes to build on that certain
��'a�;
at.. �
i�`�;' property more Eully described on Exhibit 1 attached
;,�>•;�
i�"�.; hereto, and made a part hereof by reference (the "Site"j,
�=`,
";�„ and more commonly known as Silverking Phase IV, approxi- �
.�a
y"°�" matel 239 units of condominium and rental housin the
,•�t•� Y 9 (
:U,.,:
.Y,
�,- "Project"); and
�;;��;
rt?':4,� ,.
• WHEREAS, Pitkin County and World Class Housing
;;r:=?>
��',•:
s,�.%:: have entered into a Disposition and Development Agree-
, ��e:b:
,
�"r'•c ment, which sets forth the rights dnd obligations of . '(
�+�� `^'"�s.
�`,�: Pitkin County and World Class Housing with respect to
•� �r`' the Project; and �;
�� WHEREAS, World Class Housing has, pursuant to
�}:,;..
•'`''' the Pitkin County Land Use Code, submitted a General
;��;:�
3�°
��`" Submission for the Project, and that General Submission
�X�" has been recommended for a roval b the Pitkin Count
��;::. PP Y Y
,; ;: Planning and Zoning Commission and approved by the Board �� ,
..._ �:.- >_
��r by Resolution No. 83-20; and
C �•
�,r' ' WHEREAS, pursuant to the Pitkin County Land Use �
ff� Code, World Class Housing nas submitted a Detailed Sub- � ,
y�=
�?` mission for the Project which the Pitkin County Planning ;,�
k��,`, :.
z�' and Zoning Commission has recommended for approval pur-
���' �':...
suant to Resolution No. 83-31; and
WHEREAS, the Pitkin County Board of County Com-
.'� '
� missioners has adopted the recommendation of the Planning
�iat;
�r-;,� and Zoning Commission and has approved the Detailed Sub-
��.
�•�•; mission pursuant to Resolution No. 84-5; and
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��s��,� r�. ����� ��' i`�.',f��Ct. . �nv'"`��. '"tx�,a; �ji �.i,Fte,^�f . ? Nf c t'�7'�a.eRr f��"'{�a ��' �
.. � � a — lssri�! �'`6� �X._'w:4.'"_?G. �s�`?'r,�.�/:f-'��..
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�- j WHEREAS, section 6-4.5 of the Pitkin County Land `
.;t_.•,
;� _I IIse Code requires that prior to the issuance of ar,� per-
`�E>�' mits for the Project, the applicant shall submit to Pit- !,� x�
},�,�..
,.ss r
'�'"" kin County, and the Board shall approve, an agreement or
. �:I
;��� contract setting forth the plan, method, and parties ,
responsible for the construction of any required Public �
Ka;-��,_
�',r;: Improvements to be shown in the Final Plat documents and �
,{-�s
'�' which, in the judgment of the Soard, will make reasonable i
���w provision for the completion of such improvements in ac-
s�:
'E�`� cordance with desi n and time s cifications; and
;�,*r. 9 Pe !
� WHEREAS, the Board has conducted a public hearing
��� on February 6, 1984, to consider comments regarding the
:��?;,
�:` attached Improvements Agreement and pursuant thereto has
r'-=-
�;�::� included amendments to the Improvements Agreement.
��;
,:;�:. NOW, THEREFORE, BE IT RESOLVED by the Board of +
. �. . •�
�� County Commissioners of Pitkin County that is does hereby �
�Fa y :
approve and authorizes the execution of the attached .�,
��; ;
Improvements Agreement, subject to the following `�
.r �� '
- 7� conditions:
�;`
;+�; 1. The phased construction of the Project speci-
�,, fied in paragraph 3 of the Improvements Agreement shall F�;
t�,%. kf
';;' be reviewed by the Board and World Class Housing within
?;`� sixty (60) days of the adoption oP this Resolution.
�:'
�,y Approved by the Board of County Commissioners of
�� Pitkin County, Colorado, at their special meeting on
s��
fi..
�;• February 6, 1984.
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BOARD OF COUNTY COMMISSIONERS ��
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OF PITKIN COUNTY, COLORADO �'
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,;?;'_ DEVELOP!KENT PARCEL • 82-146 _
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�`Y�'',;<,: A PARCEL OF LAND SITUATED IN SECTION 7, TOWNSHIP 10 SOUTH,
`�``� RANGE 84 WEST OF TIiE 6TH PRI:ICIPAL �1ERIDIAN, PITKIN
:�,�;;.,.
r„;;�;. COUVTY, COLORADO, BEING MORE FULLY DESCRIBED AS FOLLOWS:
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4. `�
�� BEGIVNING AT A POIPIT WEiENCE A 1954 BRASS CAP SET FOR THE *
`f�'' CENTER QUARTER CORNER OF SAID SECTION 7 BEARS
- i,��:::'
?L;fi:`; N 08°12'S7" W 559.32 FEET;
�-�:t>'�: THENCE S 88°48'36" E 1•35.99 FEET;
��`'':� THENCE IV O1°02'42" E 551.90 FEET;
?��,:,:: THENCE S �89°03'12" E 34.61. FEET;
��.:;�;;�` THENCE S 87°59'39" E 52.99 FEET; '
i:R."•� THENCE S 34°18`25" E 1350.00 FEET;
'"`'���� THENCE S 55°41'35" W 241.73 FEET; '
�:`��;�=':; TFIENCE S 47°37'25" E 48.47 FEET; .�1
S+,:y THENCE S 40°28'10" E 59.52 FEET; ''
t''+'' THENCE S 05°58'23" W 224.13 FEET;
� �� =
� ; THENCE S 46°OS'25" W 65.00 FEET; '
` - THENCE N 43°54'35" W 90.00 FEET; � 3;
�, `` TfiENCE v 55°12'17" W 158.35 FEET;
r � ` TSENCE N 52°47'48" E 43.08 FEET;
�:�� TFIENCE N 45°00'00" W 203.78 FEET;
:;:;_i�._ THENCE N S1•°23'42" W 71.78 FEET;
-''`�• THENCE N 63°44'45" W 168.04 FEET;
�"'��� THENCE S 89°57'22" W 304.34 FEET;
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t;;;,-,;t THENCE N 78°25'15" E 35.66 FEET;
THENCE N 00°40'00" E 54.30 FEET;
THENCE S 89°20'00" E 125.00 FEET;
TI3ENCE N 00°40'00" E 88.00 FEET; � _
THENCE S 89°20'00" E 74.00 FEET; i
r,�. .,� THENCE N 02°38'00" W 60.10 FEET; �
� ,, TSENCE N 89°20'00" W 27.40 FEET; i
. ,,-.- THENCE N 00°40'00" E 170.82 FEET; �
� , THENCE S 86°53'00" W 83.61 FEET; - i :�
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v,�-+ . ' ' • Pa9Q 2 EXHIBIT 1 (Cont'd)
',:,>-�' Development Parcel
Job Na. 82-146
`'<;<°;`� Januari 24, 1984
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i.� +�'�� THE�ICE S 62°31'44" W 96.07 FEET; � ,
'1, ,, TIiENCE N 89°20'00" W 103.01 FEyT; � �„
rS:E`^�.� THENCE v 00°53'S5" E 42.93 FEET; F=titi`,:;.
4,,�.�_; THENCE N 86'S3'00" E 43.89 FEET; - ��"
'�'��'� THENCE N 00°30'00" E 101.89 FEET; ``t'�"
'.`�1� THENC� S 89°30'00" E 46.67 FEET;
>`;�-� THENCE N 00°30'00" E 163.17 FEET TO THE POINT OF
"E;�S BEG2�7NING, CONTAINI�IG 17.012 ACRES, MORE OR LESS.
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',����4X 1` �� � IMPROVEMENTS AGREEMENT
�—V
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?,,�;� N -'a '�'is Improvements Agreement is made and entered 5'.
i
-.'� into as of this 6� day of ���, 1984, by and between �;.
� the Board oE County Commissioners of Pitkin County ("the
:� � `
,�,.-
E �. � Board") and World Class Housing, Inc., a Delaware corpo-
wy,,_;.LL:� ration qualified to do business in Colorado ("WOrld Class
rr x:;:.
�"+;�`�;' Housing").
`t;;�''�
;`���` WHEREAS, pursuant to a Request for Proposals and
,'.±i't%s��;. t
�-��'»•`+
3w�>�%;' a proposal for development submitted in response thereto,
,5-;:�:-;:=..
'-';"'�'�=
`:_r;;==__;: World Class Housing proposes to build on that certain ;
��,;:; •a
"�a'�.1 ro ert more full described on Exhibit I attached
- �.�:.�> P P Y Y
�,.�K��.
;.R...�.:;,,;'„
,;� hereto, and made a part hereof by reference (the "Site"),
�. . .
?.;���:?�;=: and more commonly known as Silverking Phase IV, approxi-
x,.+� � �'� mately 239 units of condominium and rental housing (the
i�''}r`
�;�:;;;�;; "Project"); and `
j���� .�;
�.� �, WHEREAS, Pitkin County and Wor2d Class Housing ;w
• irr have entered into a Disposition and Development Agree- ��
� �.,
�x ,`. , ment, which sets forth the rights and obligations of
>c i
a Pitkin County and World Class Housing with respect to
;y�:`3:5:;:.
'�-�``'''~- the Project; and `�
4� �.
i� ��; WHEREAS, World Class Housing has, pursuant to
,`r � , the Pitkin County Land Use Code, submitted a General
f,
�,, , Submission for the Project, and that General Submission
�t ` has been recommended for approval by the Pitkin County �
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Planning and Zoning Commission and approved by the Board f. :
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by Reso2ution No. 83-20; and � ,
�.�=; !:�s:^k`.
�:+ WHEREAS, pursuant to the Pitkin County Land Use -3�`•
��'� Code, World Class Housing has submitted a Detailed Sub- -
mission for the Project which the Pitkin County Planning '
�
�- and Zoning Commission has recommended for approval pur- '
?=� suant to Resolution No. 83-31; and i
.,y'
;�. WHEREAS, the Pitkin County Board of Coanty Com- � �
�.�
t,= missioners has adopted the recommendation of the Planning
��.
and Zoning Commission and has approved the Detailed Sub- :�
- ;�� mission pursuaat to Resolution No. 84-5; and
.�.:
"j°'. WHEREAS, section 6-4.5 of the Pitkin County Land
S+
°k� Use Code requires that prior to the issuance of any per-
>�
'`�" mits for the Pro ect, the a licant shall submit to Pit-
t�::�, ] PP
- "*" ,
F3� kin County, and the Board shall approve, an agreement or �1
� ..�.. „
' �� contract setting forth the plan, method, and parties
°r �� responsi6le for the construction of any required Public �,•
y Improvements to be shown in the Final Plat documents and
�`
which, in the judgment of the Board, will make reasonable
':: -
:� provision for the completion oE such improvements in ac-
K;.
T�;� cordance with design and time specifications; and
i:::'
;}S? WHEREAS, section 6-4.5(d) of the Pitkin County
�.;.
"��' Land Use Code ermits an a licant to constrnct and offer
r-;:: : P PP
��
fi�: for saZe certain improvements prior to the approval and
S�;�
y,!
� '
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.,d t�1?ffiw'.' �1d�itiYi1�'��'�k-al':.1�l. . �.��E!+��'�',��+�' .�������'�1.�3�'r!�re3.._acaa�"�:s�i.r a"�e�.
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;�1 , , . . �;`,%:
,:�
SDON ��iJ F�G����
- 3 -
:#i
'-.� recording of a Final Plat and it is the intention of
World Class Housing to proceed along this course. '
�'_� �
' z NOW, THEREFORE, in consideration of their mutual �`-''-
% -e
::r:3J t:�::•,
� promises and other good and valuable consideration, the ,
4,� receipt and sufficiency of which are hereby acknowledged, ``����.
. ,�
;� the Board of County Commissioners of Pitkin County and
'r�.^,�Y i'
;�� World Class Housing, Inc. represent, covenant and agree
:¢y,
:a
!T-: as follows:
�,;.�
�,...
�'::
,;�� 1. a. World Class Housing has included in the
�v�±. i
��: General and Detailed Submissions, which are incorporated
l.>r,
���",.
�_ herein by reference to the extent they are consistent ;
v��,: �:
- �;� with this Improvements Agreement, as submitted to the 1
,��s�h.
f°+�� Board and the Planning and Zoning Commission of Pitkin
;4a b
�:�i'
��;;;= County, drawings showing the layout of all necessary Pub-
t,Y�,+
��:,.. lic Improvements associated witri the Project, including:
�:-°�`',i:
' � ;, (1) All utilities (Attachments 11 and 17
,i ,�„ to the Detailed Submission), plus statements from utility T;�,�
- � . companies, including the Aspen Water Department, Aspen �
,r Metropolitan Sanitation, Holy Cross Electric Assqciation, ?f
��'
�';_��;. and Mountain States Telephone and Telegraph Company, that
;,y;_
�,,.�= utility service can or will be provided to the Project
���-' (pages 118-129 of the General Submission and Appendices H
ti - �:
r'�z'� and S of the Detailed Submission).
,r� �
r �
X� ' �
i
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�z�q'r'7� I � rK3b �,..��� �J ,� 94 {�� i rr r�#zr" r�'�'$ ;'��t vi`f�'1y t�
�;5�°� Y��.a �-� ...liZ .,�4 S 4' t�d " t '�,r rt Y.�I
- ..r . r�i`•��...ra .. .. .. ._ _ :k����".4nx�rd...,.
�`.
���
-,.:j� � . . .
eooK 4�i0 F�cF��S
- 4 -
,��'''� (2) Profile and typical cross-section
''' °�� drawings of roads to be constructed in the Project � ,
i,Y`';
� (Attachments 1 and 18 to the Detailed Submission).
� ��:':
«�� (3) Grading, drainaqe, and sedimentation _
:��' controZ plans in accordance with and satisfying the terms �
Z:x�
,'3:�=.- of section 6-4.5(a)(3)(A)(iiij o£ the Pitkin County Land
g N'.;,
a�:;:
�';:� Use Code (Attachment 16 to the Detailed Submission).
'j;i:�.
�!;�:.
i�;v (4) Any improvements necessary to comply `�
�`''�" with the General Re ulations of Pitkin Count as referred
3s�`; 9 Y
i.�_•:;
�;; to in section 6-4.5(a)(3)(A)(iv) of the Pitkin County `
:,�:•••: i
;:�<'.
_ *r;,:a-_, Land Use Code.
- 'i;�:
� ' .lY N'v:_:_ .
�:,,�.; b. The drawings referenced in paragraph l.a.
N.F..
������ of this Improvements Agreement have been prepared in ac-
r,;.;-:
a.._..:
`�s"�'` cordance with section 6-4.5(a)(3)(B) of the Pikkitt County
��:
�,�,'.:
Land Use Code. ,
7'`"'?: .�t l
za"i° Z. The drawin s and statements from utilit
t�,, . 9 Y
�\y� companies referenced in paragraph 1 of this Improvements r;
*�.
Agreement have been approved by the Pitkin County Plan-
� ��"_�°, nin and Zonin
�;_,- g g Commission and the Soard.
. ;'}:�.`:' � .
�;R,��, 3. World Class Housing shall be responsible for
���:�',.
��` the construction oP the following Public Improvements to
��
. . :y^���:_. �
}'�-� serve the Pro'ect to the extent the are on the Site artd
, 7 Y �
� f`
�
as they are more particularly described in the attach- �
i;�t:::;' * .::.:
s = ,, ments to the Detailed Submission. World Class Housing � ;
�+.
� �
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r.y.�,;,;: �:•.:�,
� ���� .
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.
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r ���!
,.�*t�+1�4��.,,, � '�°.''�l. ''��� N�, a4�'9'r.7�slf��F9"�tr�"�+�"�Jr�:�;, �Y4{� c� 7t,�. . }�A,t�sfx�tw wd.'
L,,.(��j�, 7r'�� �r�yn + � hy a �� yy..}�, L5 �{r�R 1'.� Y� � t�7` i}�t
}%s� ?���r '9f�C�� %.'d � FYti 1�, ��: Y4!f s1 �Y
A...,.. .�� ., .' } ' •
y .. . 75��. >:.. ,- rtYi �tS+d !`.° },�I�i,}� ,{;,s,.5�.�.p.. ... �t, i r�t n:Y
•3"�b�a� _� YrL. �Wi:�Fli�'i':131 .... . . ..:�b..�'.$.�w��',}.�:�'�'�i�i t� ., : � .
�'_'..����
,-,� SDDN 46O P�Gf��U
:�.,- � — 5 —
� >.� :
shall make all reasonable eEforts to have the following 4
r
:...�'.�
Public Improvements constructed in accordance with the ''
phased construction of the Ptoject, which is estimated `�i�,,
!~ �� �;.
��:.;
��:;q to occur as follows: Buildings A, B, C, and D -- Sep-
,�<,'''^'.•.,`a'1i
N� ":;�'� tember 30, 1984; Buildings P and Q -- October 15, 1984;
:r_....�-n
:""�=`�� Buildin s L, M, N, and O -- November 1 1984; Buildings S
.a_n_=-t;, . y
'.!-'Y::::�: �
.R,Fyy':;:.. �.
' ��'�'-"� and K -- December 1, 1484; HuiZdings E, F, G, H, R, and
.f�::�-;'
'''x��V' S -- January 1, 1485; and the central. facilit - Febru-
�r`-�;,•:`,:
��.:�..;_; y —
w ...
K 1�'�
�,>'�:=; ary 1, 1985. The most recent estimate of the cost of
�,��f:i'
k:�" constructing the following Public Improvements appears .
.�.�:
�;�.=,;•;. , �
` �;.,,;, next to the relevant Public Impravements:
-� -
k t<.
N ` a. Water lines (including connection to the
'�- � edge of Site such that off-Site connections to 6-inch and
�'ec...;.',-.: .
i,y`y f"���y._`
;���:;;;- 8-inch lines to be constructed by Jay R. Kuhne on 6ehalf
� 2 f::: �;:: � .
. .i��+"'.la':�:;`:
I..;��;�;; of the Aunter Creek Condominium pursuant to the Final y
�;,,'�'�„ -1
t� �f� Subdivision and Planned Unit Development Agreement Eor �'
• �;_�'C x e'.
z�,���: said condominium can be made 140 466).
r: ) (S . .`.
M,.
,f c�'; b. Sewer lines ($185,029). `+
�t.��^�W::
:�;:r:;.,' c. Site drainage ($63,650},
;3.r.,::.._.
;;�'�~�' d. Electxic power lines and transformers,
.w, '
1�»�� telephone cables, and cable television lines ($165.570).
t k= e. Sidewalks, curbs, and gutters ($392,64I). :
.�:�.a..i�A��'/
_u;;';Y;';; f. Trails that are part of the County's ?�'
�.��;-�.�_
W7. �� trail system, within the Site as shown on the Detai].ed
��'L {
r ;
� K�: �1
k��;::.:: �`'
�.��:y,��_ ``
i:
:�;-
.., a..,�,�_.,._.���.�.....W.�... �.�,,��. _ _. _._. ..�,_.._._ -----_.....
<,.. . :-:: , .. :.; .. ;...- _::_..:�., _ .�
����+��r' . . . . . . . .. _ _.
i.{-r^Yv�'y :.�.+ -. . � . . . . .
,�..- .
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��� �.4 . . . .
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. • . � ;t;�
.^', �. � . i a:,��S r },�.��e�j,�r ' s �F a �"�Y ��`` >> �.i,.� u
� ,j�F �t4 C+n�1 'd i�S;� 1H'•.�-. L ' X�; 1 YJ� - 9 �N_.� �. 7y..
�..���r�� ��r�i:�r7i���iCl�6dL�lVl���w4�-.,��ati �a;JS��'"?l��'d.kF�'�S�i.��+`•�+'?in.t"*�. rimu.,i,a:.«::�f ..
. � i:_:.��..���.
Fc:. ,..
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� � •
,,� eook 4�0 �;:UtSS7
`-j
— 6 —
;
`�; Submissioa, including lighting for trails within the Site
�
� as heretofore described ($27,984). �
;;,� �;"+:�.
�;"`� g. Paved roads and parking lots, and the
>�-�
looped road extension of Park Circle ($262,048). �'.
- �.;.,-��-
h. Landscaping ($216,350). r '
�;:--;; Such Public Improvements as are described in this �
paragraph 3 shall be constructed at the cost and expense i
i
` of World Class Housing; when such Public Improvements ;
�,
f:�.
�? shall be constructed by its contractors and subcontrac-
�' tors, World Class Housing shall require performance bonds
�:_
;s.' sufficient to ensure the timely and satisfactory comple-
- . ' :e.I: tion of the Public Improvements required by this para-
•"� graph of the Improvements Agreement. To the extent that
�'�
..��„ any Certificates of Occupancy are sought Por the Project
�:r
�, prior to the completion of the Public Improvements re-
< �.�;
;`" quired by this paragraph of the Improvements Agreement ,`
�::
t' and secured b said erformance bottds, World Class �
t�;:� Y P
��-' Housing shall, prior to the eFfectiveness of any sale _<
a�„
��• or lease, secure adequate financial security to assure
�-" completion of the Public Impzovements. In the Final
'r,"a�
�1..
Plat, World Class Housing shall provide all easements
�== necessary across the Site foz public utilities installed �
:y*- i
;;�,; pursuant to this Improvements Agreement., �
r:,:
�,�.
'!:i:.
F:�:
��.
�?':
� 4( �
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`T` 7.:
t..�.:..-..
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'�'^'t ��. � Iq srf�' ..4 il. �� tl� � i� i
Y r f- �,
�K�`���^1M� ta`�����„� �,�;_:�-2l,,��T.J�p i{._� T�� s �r�tS�$b} E .�Y} �.`�'i ���:tr� �il�,r.��r f S
� �'?.�,�a.5��f�'J���i�����.:�;s'✓Ei" .�'f. 'X;�S,x�:; � .;�'.r';'h'"q:.S �,. ���2 nitiKLd*�"a Srk� s t.�.;+7' , _
�'bth�, �aiu-W. ��L�:iL 1sY.4' . '�F���7..��°.d�Y�..R+tl^N.{:s.. ,�.am... . . .
- (:� • . . . . �
� eooK 460 �F�c��3�8
-:��; ,
— � —
^°�' 4. Pitkin County shall be responsible for the �'.
'+�'�'°` construction of Public Improvements to serve the Project
ty�'�`� subject to review and approval of plans and the avail-
'� :� -_
v
ability of funding as reguired by Section 2.02 of the
�_Y.'�
�;�s Disposition and Development Agreement and/or the Detailed
"�
�.��=• Submission approval, including the following:
y vFa'�;.
r.T�`
a--�' a. Southern access to the Project through
�.r`•,.;
,;;..
,,�.;�::
;�;ti= Lot 7 of Sunny Park North Subdivision. -
E��',.f?��4 . �
X�:-: b. Upon a determination by the County that
�`ayj'-' '.
�ti;" it has sufficient funds, creation of a park to be known 3
vc.�
,,�;�`�,`:
„ sr�<.:. as Silver Nugget Park with adequate Public Improvements
,�'•'
��
- on the land described in Exhibit 2 hereto.
�M;w:�:
�s��,e
�':. c. The loop road extension of Park Circle
t:.:
`"�"�� between the southeastern property line of Site and Silver
�i:';
,,r...- : • ,
• '�r:�:; Nugget Park to the current northern-most point of Park .,��,'1
5��.
'�L�..` �
i��:. Circle. •
�+� d. A County road through Silver Nugget Park ay
y�.
'� from the loop road extension of Park Circle to Smuggler
r ��i.
�,`.- Mountain Road pursuant to an agreement to be entered into
r;r;;:;;i
�=:��_ between the County and MCO Holdings, Inc.
�_.;.-
`��"'� e. All utilities to the edge of Site, in-
t�' '�
+ cluding extensions for water from Park Circle to Site and
t
'' the looped water system to Red Mountain, if required by
`�;��
s'��', the Aspen Water Department and approved by the Board.
�'`,.
� ;;
'f�':_
�
3'4 ,
`.-����. F
�;,{";; .
5�
}���.. .......'_'_'_.._.._...--.—�......:,..,�.,w .__:.->...<_.....:,......,i__ , �_-.:.:.�� ,. .. ..�:�::� .,.._ '.. _.. ..:....'... ...v.�.._...��,.�..._.... .__..,.... .
k -r .- � .,:� .. ..... _ ..,.
E tt s�� � . . "
�a
7k.� s.�� . . .
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s;�
•i'�
r � � ri
ti "S��c�' R 1�#�3t � '� ,� d siKz 's i�� f 5..!� X� � ,dY� ; }a{„ '4;:
�r+�h� �Y ,y4, n pl y f .I�F }1. co�t.t y'�'K �� y1i,�7,��� }.
. 4�L%�i . L sfl �.3��i.t��^ k��` .q!,,�` �4� +:+( *W� .7,� !P c�t� .j F'� t -� �
.., rJt�.. �4 N" . '.!f>9C:•..'t��.... ... .,.`8+'�fi'�,i�.t..l�_ww..s...:T......
`��._
i+:
;:�
,;°:.`�.� . : . .
'�:� eoo� ��� ea������
:� - 8 -
_•,�w� f. AI1 County roads and street improvements '
� `°� that will complete the Road Improvement Program for the � , ,
�,-� Smuggler Area pursuant to the �plans of the Planning and �(.�-°�.
,..r:7 t� �;"�`.
Zoning Commission. 4 -
«.,_� �
,y�'�� g. The trail system with associated lighting
'�`f through Silver Nugget Park.
u��
s s«.t„
,=.r€s
;�-� Such Public Improvements as are described in
,.r,
����' this paragraph 4 shall be constructed at the sole cost
;�^� #
t��;;..
' and expense of Pitkin County; except that with regard
.rx.
�-"°;.,
w:�: -
Lw*..� to paragraph 4(g) of this Imptovements Agreement, World -
s.;;. :
'� Class Housing shall contribute $8.400 to defray a portion �
�
_ '��'�
:�:^�:-.:
''"�� of the construction ex ense. Pitkin Count shall require
a�:;,= p Y
'��.;,:::
����;: its contractors and subcontractors to post performance
!~�-��`=' bonds sufficient to ensure the timely and satisfactory
•r;.
j-Y=:
iNL�;
, .k:;p, completion of the Public Improvements required by this
i;,s.a� ''1
�i��;- paragraph 4 of the Improvements Agreement.
�W . \
5. The County shall accept dedication and guar-
� �r� y,
" antee maintenance of the extension of Spruce Street, the
�`=�`_z^ loop road extension of Park Circle, and Brown Lane, as
q.�
,7;.';'
� � they will be more accurately described in the Final Plat
;i:��:
:Y�'j'n
4'm"' following their construction to Pitkin County standards.
�-'•�.
s4"�,': To the extent that Pitkin County is permitted under its
�°���F'�� S .
t ;�� Land Use Code to demand a dedication fee for road main-
,,L�',`�"=,-; tenance, it shall be waived pursuant to section 2.02(b)
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,� ,� ' BUOF 't�� P�'��O 1O
�� - 9 -
;.�.f
'_, 4
r, ;.'j of the Disposition and Development Agreement between the r.
��,�� � parties hereto. ''•
`� 6. Public Improvements required by this improve- ��.
�� � ments Agreement and designated Eor common use by all own- �-"
t�w:`'�
--:�;-r ers and tenants within the Project, and not accepted for
� ±g-.�.;_ ..
;_:^i��'.�} .
dedication and public use by the Board, including but not
����
rti limited to (i) the central facilities, containing laundry
� :.
±.��.�::.;
j..;��:,.
7,.�p, room, meeting room, and management office; (ii) recrea-
;��^*-�;.
c,.�.�s� tional facilities in the nature oE a playground; (iii)
y,_ .
��::,
�__:�_
r-=t�::;: private roads and associated surfaces, street signs, •.
s, -,�..: l
:x,.zf� curbs and gutters; (iv) drainage Eacilities; (v) open
_ 'y<'.�•u,.;.
.�_��:.. space; and (vi) landscaping; all as more speciEically
��
��w�1�
� 5: described in the Final Plat, shall be maintained in
�,.,.:
=•�n=:�: perpetuity by World Class Housing or its successors or
�..-;�,,:r'r
�ti'��� assigns to the extent that such Public Improvements not
rr.-i: �� ,.
��,�s.?i; ��
k
i+x�.� dedicated for public use serve the rental housing and are '�
� i�.a,irT�r�.
• �t.4� .
� *.- under the control and ownership of World Class Housing oc
y,,yr s-.
`� �� its successors or assigns and by a homeowners' associa-
`c- tion, which shall be Eormed to maintain in er etuit
�r�::. P P Y
=='-`''`
>?�'-�;�:- those Public Improvements not dedicated for public use
"'�"� � which serve and are owned by the condominium unit owners
�?::
FN';��� �
;F�,�::. as tenants in common. The responsibilities of the home- �
owners' association for such Public Improvements shall be �
t�?�%x�
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� :'y :�;�N'/' ,Se.�-,`y��� .'-F' � }�. y�"-.y`�� 'y'��l�.Aif'. 3l pt
v.. . �.,'L . . 1''2��j�.. ..a�. �t�Ri�TS r.l�l�':I!!1� �.
� . q �
' oDOH `t�0 P;1G.8`71
� — �o —
��.. �
:�¢ contained in the declaration, bylaws, management agree-
`�'"``_�'� ment, and homeowners' association budget which shall be /
.,� �'.
executed prior to or concurrent with the Board's granting
�r
• �,,:� of Final Plat approval pursuant to section 6-5 of the
.,• -:!7'
`!'=:'r:?"� Pitkin County Land Use Code.
��
�- a� 7. Upon the execution of this Improvements Agree-
fi'�i�'„�
$�"��`�� ment, World Class Housing shall be permitted to apply for
y�;;�-=�:
�a^""�
various permits from the Building Degartment including an
n�:
'r`.awG:;
�:w--
•,,�;�'� excavation permit and a Limited Improvement Permit, pur-
�}�._,
�-��_..
;:.':a:.N-,;t
,.,,, suant to section 6-4.S�c} of the Pitkin County Land Use
:s;x��" :
':iy�i__'i - J
,��-`; ', Code, to (i) rough cut the Site, (ii) perform mass ex-
� :
t�'� cavation to establish rough road grades and crawlspace
�:z�;;.•°
�%.��`>" levels; (iii) construct necessary water and sewer lines;
,k '
y �:
Y�,{-�g;, and (iv) install temporary or permanent power lines.
!F" L.
- '�" � Nothing in this Improvements Agreement shall relieve
��';.�; •'y{
��"'��� World C�ass Housin from its obli ation to obtain build- ;,
t� 9 9
���.�� ,
�1.��! ing permits in accordance with the Pitkin County Land Use `
, n��
�r" COd2.
.r i � .:.
�,r �: 8, a. The Project is, within the meaning of
� f ti`.:
��t ; section 6-4.5(c) oE the Pitkin County Land Use Code, a
�� ' condominium ro e g y
�:,;:;,;,,, p j ct. Accordin 1 , in addition to the
�'%'��;'i;�< right to request a Limited Improvement Permit and ex-
� .' } .
�,w ��_ cavation permit pursuant to paragraph 7 hereof and sub-
�''w �
� �',�, sequent to the execution of this Improvements Agreement
,`�;,:
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r . � .. }�( iSPt t..f{��. � �,P' N'� Y � t a s -
� ���'-�t,.c,��ran.,-l1�.�{ 'y � �!' �t'�'t .��lt�t�,.�^'�_� �.t � aa- �1 if}� �.
�:�a... � �;• �tFRSfE�F'iLaYlA�2Q:ll�r.k:�..��'i�'115�• aar�•ra�}���'�.L,ha�s3.�d.w... ...
'�.
+.-:,.<� � BOON �SO Pnc����
>:::��
— �� —
'��`���'� at such time as World .Class Housin shall submit final -
.I,-;� 9
t
working drawings for the structures within the Project �
, �� § ;
�
which are satisfactory to the Building Department, the
- `� i�,�r':
r_,,,.� Board shall adopt a Resolution in accordance with section � X
„�.
.�';�'; 6-4.5(d)(1) of the Pitkin County Land Use Code Einding:
�.,�� (1) World Class Aousing's final working
s�Y:�, drawings for the structures within the Project to be in
a'x:;
t,,-:: sufficient detail to comply with the Uniform Huilding
,
-a�
~���� Code in effect in 1982; and
;��;.
�'��w-
�,�.' (2) The Project to be in compliance with
.. .
i`�,;:;
.,,:; all other land use regulations in Pitkin County respect- S
:�"�'
- ing the issuance of permits for the structures referred
r;;,.i
:�.�
�:-
�;r, to in subparagraph a.(1) of this paragraph 8.
�;,�,:
�:;;. b. The resolution referenced in subparagraph
:...:
�;;y`�; a. of this paragraph 8 shall recite that World Class
���;:;=� ,
..<;` . '1
�,.�, Housing previously has received, by virture of Resolution
�ro 'C
� '�r;� No. 84-5, a roval of its Detailed Submission for the -
e..,,,. PP ':::
�:.'; Project and that the Improvements Agreement has been �`=.�
� ��� executed and approved by the Soard.
���' c. Upon passage of the resolution contem-
;�_:;
plated by this paragraph 8, World Class Housing, and/or ' .
G�`. �
1i;.� its agents, contractors, and/or subcontractors, shall be �
i ii:`,
a;�i:_
entitled to apply for and receive building permits for _
f;.:
�" the Project, provided the construction authorized by such -
r�,
` .
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�:rv 9�N �ys�.� � �.``s. �"���. � � `f�a t���� 7�J t�'t � � �'� �. � y Ol��� j�
rx.. iet,� s�7 t til .r �. r M d�,, r p h�Y � .(-Y{ �w � .
:3 �'G.r.� -"�t �i F� � 1 A'
;.2 ��. ��r� �y�� -� a ,i ' 1 r+.� � s � z . �
.: _. .. .. 'a"`1. c .�,.��_��. _�_»,._ ,S .......�.. t..���Tr��XK���n>. .-7� . .
� .
T .
. .� �oox 4�0 Pas��73
';:� - 12 -
'':� :�
,,:.y;� building permits is in conformity with the Uniform Build-
� �,''� ing Code in effect in 1982. �•
t
..� d. The provisions of section,6-4.5(d)(3) ?'':
of the Pitkin County Land Use Code shall apply to the
;;r�, �,;;� •
y� '+ Project.
Y?aw .
�Y�t•~.�
�:� `�� 9. To secure performance of its covenants under
3r'�-`�� this Improvements Agreement, World Class Housing hereby
��: .:�>.
,,,,;;,�..�
F"`�`�''t a rees and shall so covenant in the Final Plat,
'�°-�sf' 4 pursuant
{S".`w''�'
"�"`''�"-=' to section 6-4.5(a)(1)(A)(i) oE the Pitkin County Land
�_-`•'*=;:�t
�h..>-
�i.>r] '�` i Use Code, that no condominium unit within the Project •`
�F,i ..t'4.�}. J
'���i�':;- shall be conveyed to a purchaser by deed and no lease
;�,,,
�� �. shall be efEective until such time as Pitkin County has
;� � ;.
�","' reviewed and approved the substantial phased completion
t `
< < �-. of Public Improvements to be constructed by World Class
c-"'.�;'�
1"?�!"`,' a
��'- •"'• Housing pursuant to this Improvements Agreement and has
. ��v';.<; '1
f� `' given Final Plat approval pursuant to section 6.5 of the � `
��:
' ...�t4 4�� . =
" , Land Use Code; provided, however, that neither approval „��
� f.
of any Public Improvements constructed by World Class
�S A.
r `r{�` 1 Housing pursuant to this improvements Agreement nor Final
�:,;;-�'Y
`'.',;�_
;�;��;�;. Plat approval shall be denied due to Pitkin County's un-
�r� timely or unsatisfactory completion of any of the im-
pt��.:.r;�.
;t�- ' provements required to be constructed by it under (i) �
d
r - paragraph 4 of this Improvements Agreement, (ii) the �
':.:�•;'' � :
r�'s�;. Disposition and Development Agreement between World Class
L =
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� rcQ, M ��' �( �Y' . , f L*r�,.t+1��-�`�����', . f �' �a,. 5�� .:. t >11%yy�h � .
`•7�'i 5.8Y�.,i�! �„�y �`,�"''c�'',� r. � � C,,- °� Ll�f 7,�4y �f'C 1,�� kl �.� �t�P,. ? � .��4t f .
� � .. :��a����«5�S°. � +- �d�,.. .�.. F:�'p. ,�� t._r.� r. ..���.":`�i?C�'-'}..Ats��l•n��,.-'.'i�;
.� � fi`�_
,._;`� , � BOOK 't�� y:iUCO��
�a
.F - 13 -
�',� Housing and Pitkin County, as amended, or (iii) Resolu-
;..`�� tion No. 84-5 approving the Detailed Submission.
�;:'.
t � 1Q. a. This Improvements Agreement, the Exhibits f ,
w �:
• '��� attached hereto, and any and all counterparts thereof `�?
f��i� .':rr`-
t.�;. constitute the entire agreement of the parties with re—
- i
.~ spect to the matters set forth specifically herein. All
���.
'��t�
�," prior discussions or oral understandings wzth regard to
t-;�:
�r-
�.•- the subject makter hereof are deemed merged herein.
���1,
�.�t.:..
a�^4 b. This Improvements Agreement may be sup-
��
M.'.`-7�
��';� plemented or amended only by a writing signed by the
.,st.•r
���:;
_ � parties hereto. 1
r�,:;
�S; c. All references herein to any gender or
Y:���
��;?: number shall be deemed to include all others, as the
f1��.
�'2e: context may require.
��.�
- ;�°;�x 11. The rights, benefits, or advantages inuring
�:.�r� �
� .,};�� to any party hereunder may be assigned to any successor ��
� � t
or assign, provided, however, that no obligation or lia- _
r P ,
� bility undertaken by any party may be delegated without ��r
.r � <
��=
���' the prior written approval of the other parties. Any
'fi'�
'i;��^ delegation in violation of the terms of this paragraph
�,.�,
S�" shall he void and of no effect whatsoever.
d
�:`�
;.;;��'�`� 12. The provisions of this Improvements Agreement `
::; �
,�;4;, �
r,; .
�r..;A',� �
and any and all counterparts thereof shall be binding
p; �
�F� �
�fi�'
� �
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4
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- "_.. ��::a:.w`.......�-_,...:.�w,.r..,..-.,a. . .. .
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rY.'�t�., �'Y��� r7S'�,�'�.�'�'��``t� e} �,E�� ," 4 I�'�'�M���� � cd`�r�4'r y!+f�ll!-1 r�'�
�'73..i °4 t tr�yf" ° -..��:-.yei�..a.,� �K �1; �,y ��, �-s��� �_�J{j*r .. .
,�yi� } t
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t ,
_e'� ' .
,, BOOH ��O P„GF.C7�5
, �-,�� - 14 -
?i:i,
',t=;<� upon and inure to the benefit of the successors and the
r�, ` assi ns of the #
g parties hereto.
�
�:f 13. This Improvements Agreement and any Exhibits �a�:;.
�t�� attached hereto may be executed in counterparts, which
'� F
�; counterparts shall be deemed to be originals and shall '
>,,.�.� _
+'��^� together constitute one and the same instrument.
��.-'':=:
4:SF5�`�. '
t_v
.�r�� 14. All rights and remedies of the parties under
�-:..
��ti�� this Improvements Agreement and any Exhibits attached !
�.�;a?
f.h`�`'�'`
�yz• hereto shall be cumulative.
�_:
t.��r=
:.z,.,-, 15. Each representation and warranty contained
:'.•:,.
u:r:,": ;
t:::= herein shall survive the closing of any transactions con-
;t'r;:; ,
t��.
..�;. templated in this improvements Agreement and any Exhibits
�::7i:
�`� attached hereto unless waived b the art for whose ben-
;..:; Y P Y
�i:
t;,Fk� efit such representation or warranty was made.
�x',
s�;�,� 16. a. The invalidity of any paragraph, sub- r.
;�,.�: � ..1
'c� paragraph, or provision of this Improvements Agreement
�"�
t��, �
and any Exhibits attached hereto shall not affect the ;:
�;.`; ,t`::.
validity oE any other paragraph, subparagraph, or
.r �'t�
�.. provision.
G`,'`
��'`= b. If any provision of this Improvements y '
;s�.
r�" Agreement or the application thereof to any person or
�s;•:.
3
circumstance shall be invalid or unenforceable to any
�,'` .
extent, the remainder of this Improvements Agreement
�a and the application of such provision to other persons ,�
��y
��ri.
�[7 ' ,I�
�`F .
.
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�, or circumstances shall not be affected thereby and shall �
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17. This improvements Agreement shall be governed '
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;,��� 19. Failure of any party to exercise any right or
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signed by the party. ,-.,;
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r?� _� IN WITNESS WFIEREOF, this Improvements Agreement �
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: WORLD CLASS HOUSING, INC.
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Title: ��/2f-S�o Ew�T
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�"�'"`� APPROVED AS TO FORM:
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`��='�`` T$OMAS F. SMITH, COUNTY ATTORNEY '%
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{��' � DEVEI,OPMEI3T PARCEL 82-146
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-:;�-5: A PARCEL OR LAND SITUATED IN SECTIOII 7, TOWDISHIP 10 SOUTH,
�;:' RAivGE 84 WEST OF THE 6TH PRINCIPAL MERIDIAN, PITKIv
+.z�.�; COUNTY, COLORADO, BEIi3G MORE FUI�LY DESCRIBED AS FOLLOWS:
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`'�`�°`>': BEGINNING AT A POINT WHENCE A 1954 BRASS CAP SET FOR THE
�=���" CENTER QUARTER CORNER OF SAID SECTION 7 BEARS '
x"`�, N 08°12'S7" W 559.32 FEET;
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'=-�`+ THENCE S 88°48'36" E 135.99 FEET;
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i;.r�:; �' TFIENCE N O1°02'42" E 551.90 FEET; '
` �'��^';> THENCE S 89°03'12" E 34.61. FEET; '�.�
�'{���r� THENCE S 87°59'39" E 52.99 FEET; �'
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#'�y�'= THENCE S 34°18'25" E 1350.00 FEET;
� r�� THENCE S 55°41'35" W 241.73 FEET; '
` ' TEiENCE S 47°37'25" E 48.47 FEET; '�
THENCE S 40°28'10" E 59.52 FEET;
� THENCE S OS°58'23" W 224.13 FEBT;
, fG;f>; THENCE S 46°05'25" W 65.00 FEET;
�'`;�::, THENCE N 43°54'35" W 90.00 FEET;
� THENCE N 55°12'17" W 158.35 FEET;
"`�' THENCE N 52°47'48" E 43.08 FEET;
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V�".,.�`.q- THENCE N 45°OQ'00" W 203.78 FEET;
?�=-�`• THENCE N 81�°23'42" W 71.78 FEET;
`"-''`% THENCE N 63°44'45" W 168.04 FEET;
'.'€:''. THENCE S 89°57'22" W 304.34 FEET; �
THENCE N 78°25'15" E 35.66 FEET; �., _:
THENCE N 00°4Q'00" E 54.30 FEET;
� y.� THENCE S 89°20'00" E 125.00 FEET;
4_,. THENC£ N 00°40'00" E 88.00 FEET; �.';.
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—° THENCE S 89°20'00" E 74.00 FEET; �` '
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• y �i` Page 2 EXHIBIT 1 (Cont'd)
Development Parcel
~�'�t Job No. 82-146
';�Li:'°�'�y.l January 24, 1984
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i�, � � THENCE S 62°31'44" W 96.07 FEET; �"�
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;a'r'�y '� THENCE S 89°30'00" E 46.67 FEET;
_;�'�� THENCE N 00°30'00" E 163.17 FEET TO THE POIVT OF
:-+�"- BEGIDINING, CONTAINING 17.012 ACRES, MORE OR LESS.
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� Aipine Surveys pp
,I� 414 North Mill Street BOOH 46O P1GtOiJO
Post Office Box 1730
Aspen,Colorado 81612
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� A PARCEL OF LAND SITUATED IN SECTION 7, TOWNSHIP 10 SOUTH,
��=5�<: RANGE 84 WEST OF THE 6TH PRINCIPAL MERIDIAN, PITKIN
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a,'x;'. COUNTY, COLORADO, BEING MORE EULLY DESCRIBED AS,.FOLLOWS: �i
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,'t'r`�+:`,:
_ �,;;: BEGINNING AT A POINT WHENCE A 1954 BRASS CAP SET FOR THE
*�+�� CEI3TER QUARTER CORI3ER OF SAID SECTION 7 BEARS
+�_:,
' a. N 42°02'03" W 1896.62 FEET;
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� r°:;: THENCE S 34°27'12" E 293.17 FEET;
`''" THENCE N 56°18'0�" E 44.35 FEET;
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•;,�;*:; THENCE S 44°30'00" E 149.99 FEET;
��'' THENCE S 45°30'00" W 559.31 FEET;
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�,i�µ;,;,�: THENCE N 42°29'00" W 372.52 FEET; '
' j,`t;�:;:: THENCE N 37°49'07" E 137.10 FEET; '��
�'Y'`� THENCE N 43°54'35" W 190.81 FEET;
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t',�s THENCE N 46°OS'25" E 65.00 FEET; � ..
�� +- THENCE N OS°58'23" E 224.13 FEET; ,,;�
,(..?;` THENCE N 40°28'10" W 59.52 FEET;
THENCE N 47°37'25" W 48.47 FEET:
THENCE N 55°41'35" E 241.73 FEET; }
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'{ '� a��. THENCE S 34°18'25" E 346.88 FEET TO THE POINT OF �
�;�'°s BEGINNING, CONTAINING 8.097 ACRES, MORE OR LESS.
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