HomeMy WebLinkAboutbocc.res.022.1985 , _ .-
�.:�_
y
. S�� ^. l.�-•- aL ���
. ..� -� .�.. . ._. •+�- �� `�•����ii���. *� .
. _ y_
4� '.
..
R ..
'�.�' +�
._ .t=. btp��z.-:i�...��r.s.%w+-w.��. ..._ . . �•+/w�+trs.a.�i"aw',..�.:�+ai� ��" ��.�F '���} .�
` asaK 4t�3 �asf j lfi
1t�SOLi1TYOli dF TNB 80� OF OOUN�Y QOMlIISSYOt1� OF PYTEIH C�OUNTY,
QOLOR11DOr GRAtiTI1MG AN BX?BNSIOM 'PO TH8 DBTI,iLED SiJBMIS8I0i1
ApPROVAL FOR 19B HIG�L�lIDS INl1
Resolation No. 85— ZZ
Ii�B1tBA3, on July 23, 1985, the 8aard of County Commisaioners of
Pitkin County, Colorado (hereinaftec "BOard") did grant an amendment
to the deteiled submission approval far the Nighlanda Inn Renpwalf and
t1gBR8�8, ATC As�ociates, oNn¢t of the Highiands inn, is pce�sntly
r�eqc,tiatirrg with vatioug potential 8evelopmen� partnerg, ffnancin9
a9enciee and ptoapective purcha�er8 to devalop che property aecor8ing
to �he approvals which it has received= e�d
if8eRB1►8, tha Board, recognizing the extensive timQ and eEEort
whicA has gone into the Eocmulation and revlex oP this project, the
pubiic inkecest which is secved by ths upgrad@ oE this criticai baae
lodqs Eacliity, and tha poa�ibility ehat a viable finencial arrangomant
for its construction aay be near, doan not wane Che pcojec! to enpire
due tio 8 legsl technicality.
NQf. �eRSlORS. ea is �VSD by th@ Roacd thnt it doae hareby
' graot an exteneioo to the detailad eubmission approval !or !be Bighlands
i
f Inn !or a o�a fl) year peciod to July 23, 1986.
'< 11P�RGVaA
� by !he Board at i!s regular meeting on Ma�ch ll, 1985.
� 80ARD 0� 000!!P! CDIOII88I�
Oi� 8I?�SN (�OOIi'1?� OGLOAJIDO
•� , � . , + �Y f,•ti-G� ���t
fi . i, '. �� _ Tom Blake, Chairaan
; ., �
. '�71'i'lEB�'
�
s
� Lew Scan2an, Deputy Counky Q erk
# 111�P 6o AS Td FORils
Y 3 •O
� s �r� N
� � i�o Qj
�m
Tttanas P. Sin th, County Atkorpey � K� m
_ i� A�, o°
m a
ox
= a m y
co m A N
- cn a
°f, -
.��,
;i:,-
.�=�;
r•�
'':':t;�tF
. =�'=
- �-
• �.:.
,,��:
, �ttt= � �t � '. -. t x � � '�'�='� '��' ����'�� # '"� r�.-e
�'�` �'` r}��� ,
,:a t y�`} . . �.� . . . . K,....�.
c x�'
+.ti�'�+s.� �:{� _� ..__...:�. . �
JOSEF�W �. EOWARt)S,JR.
�i-roar+�r wT uw
?NE JEROM[PqOOEEl�OMI1t SU�lOeNO
20�MORira MitL StREET,SV�tE�00
ASPEN,GOlORA00 H�6n JhJ �j� '�_,^��_
f�;+� �
- fEtEPt�OME 1�O�f 9['S�7M6 {!�'
�:
-� . �
�'ebruary 14, 29e5 °J!�`"`'�--.-_. ; '
i
"-�-..�"_-----J
Al�n Richman
City-Gbuttty E�lannir,g t,lffiCe
130 5outh G�len�
r�sp�n� C�lor�dc� 81fi11
�.;3 ttai Mfqhlandx Tnn/tlx�t�ii�d Submi�sion
}4 „ a
�'�.t UQ�� fi4dn�
The I��e am�ndm�nt to �he d�eativd aubmt��sion �pprdval �or
tha Nighiancts In�� ran�wal w�R grontud by ttc�eslutlon 84-63 on
.tuly '1, 1984. Az you ara avnrn, thae a�Npr�vA1 in go� fnr
one ya�r un���a �xccnctad Ny ch� �£ekin Counky O�erc� oF
C�unty Com.?�ir�sionuru .dr ��ecl causfr shc�wo un8o� tN�
provi�ion� a€ SG-a.5 t�1 tb1.
��t thu pcvaQiat _ir�, th� us+n�e a[ Ehc� Nlghlnnr�A inn, R.'C.C.
Ra�a�latuc, h�u laczun naqotinCing uith v�riaus potenlf.ul
d�uc�lepa+ant patts�ra. Ein�neing aganrta� ar proRpacelve
purch�nz�r� a�� eh� a++»�c h�►u ax�cutod �n �Nt�on agca�meot '
qiving LIs� xiyhe c� � 'laint v���tu�a ta �c�uir� ct►o pra�rty
wlth a cic+�inc� �o oer.ut Apri1 15, ?9A�, Tha various �r-
rangeme»k» hctcwegn tha ttt��hlan�dn I»t� ?�nd th� A�pan Ffighlnnds
Sk�ing Carpara�ion Wp which th� Ilighlaadn Inn acquirc�d
a�ui�lonai I�nd from thc A��xcn Rlghlands Skt#ng Cs�iporatic�n
jin or€3Qr tp r•+aka th� t�i�l�land� lnn r�newal a viabla p�oj�ct
� are raiativ�;ly eo�np�ex, �.��c1 �t aill s�yuix@ extvnn3vr �aviuw
,� by th� at€orneyra Eor �hQ j+oint ven�u�e ln a�d�r to sa�£stp
�h�r�4a�vc�s �n ;he statu� of th4s� v�rlc�u� ac�r��m+�nts. their
prospectz��e ubl�g�tiona thsr�uncia� and to h� able to makQ �
�� 1;nowledg�abic ds�is��n an +�h�thQr rA c:xerci�Q th� aption in
April. I� �ha join�. v�neure currenc�y hold�ng thc option
decides to proceed, due ta the magnitude af ths pr49ect and
� the ne�d yQt Co do conscructiar. drawinys, they are faixly
sucs thxt �onstruction would not lae able to hegin this
apring and would bave to 6e defezred ut�til the spr�ng af
1986,
Thezefore, it is a candition of �he option that ths present
owne�s obtain, prior ta closinq, a one-year extension of the ,
t��,.� .
�
� � F
��„��t=;i;.x' . .
*- °Se`�:,- . . � � �
,-�'t; •e'�a ' .
� '
�" '�
��� .
���._- � _ �
�„i.,G:.�r .
���F:�
^34:� �.
:+t`'•',#::7�,�'��- . . . .
+�
.�
1 Hy X
�C"-"..F'..
,-,�ti;:.�w:e..,n�v�,a;.��..�.c�,,.,.,.,�.�..,.. .,. . ., . .. . . , ....
• k�ti.
�
,s
�'��.
. . . . ��y .�( u I►`'7l���I��, �f�p�..
� �
�
: _
,;:.n�F ?.. .:a "' �. � , x��
_-� . ,� ...«.. . �.. �
Alan teichtian
�ebruar�- 14, 1985
Paqe 2
,
deeafled submission approvals in order to give the proposed
jofnt venture purchaser the opportuaity to have a sufficient
time frame within which to develop all of the con�trucCfun
draaings, have them reviewed and apptoved by th� building
d�partment, finalize improvements aqreenent vith ehe Caun�y�
final.fae the varioufi agreements aith the Aspen ftighlands
5kiing Corporation an8 bp in a pasition to reqe��t the
fg�uance �f demolition and building �rcnfCS early in the
gprin� oE 1�3�6.
�ha ptimary r��snn �hat �.'C.C. Asseeietc�� has ha�d diFEiCUlty
£inding jnint ventu�ee �aTYlltf5 and financin� ag�nei�� tn qo
forwaru� �i�h the llighl�nds inn appcdv�l h�� be�n th� prr�vi-
nug h4gh tnt�rcut rat�s that Nav� b��n !n pl�c� ovcr thg
;.,;a last »avQral y�ars �nr# eh� rs��nt low�ring af intQra�t rntae
- haa made th� prd�gct moru viabla anA ha� r�sult�fl in A.T.C.
Aasoci�ka�• �bilfty tn fin� � grouh int�rc�ge�d �nuugh to
obt�in an �p�ion cantract. t think ehe m�gnitude of thin
�rojcre end th� pA�� hiqh ineera�gt ratti� r�aiit4en �r� "qoaQ
, c�uso" nu��Fici�nt e�+ �+upport R raryu��r �a eri� coma�tis#oners
� . tn �r�nt thlra vna-y�ar esxk�+�i�ion an ei�ra a��rovaln. It would
� e ahen� if all the vnrk ihat huc! ha@n r1onQ by th�
Plar►R4nq A�firc�, tN� �oard oE Caunty Co�i�sSoi��ea And thcr
ciav�r!oper Would bc} ua�teci by �thu automatic cxptr�tlon of
thi� approval.
Plcz�a@ con$id�r chi$ aa � �aeroal r$qu�st �or 9uch c��� c:xten-
sianr ancl, if any actditton�] f�lin� or proeess�sinc� l�e� ar�e �
cfua, Pi�aea advice.
Very truly yours,
.,� �;, a , _ ' �,'
� l� ���������� '
l,.i Joaeph_�,.,�- wards, r• � )
- ��� ch '`".�
�:',� cc aoa eQOper
''':� Ronald Garlield� ���uire
_�
;"�i
,,;
'.-F�r.:'i
�.:::q
�`i
�.#_ ___. _ . .
�.��`� . ,.
�
��� `
y ; � . � . � . . - . � . . .
_ - �; . . .. . � .
- S?!�7.. p� � � ' . � � �
1 � .
'�iE?.:' � , . � .
. .�i
- ,� ���..: � . . . � �. .
�.;� � . . . . .
� _ -