HomeMy WebLinkAboutbocc.con.094.2002 CHECK LIST
FOR CON'TR�,CTS SUBMITTED TO CLERK AIV-D RECORDER FOR
SCANNING/ARCHIVING
Originating Department/Division: ,�
Contact Person: p1 V,W1 E map
Phone #:j 70-qj3 0-5 3 94(
Check Contract Type: CON.TRA�,'j-
Services
Maintenance
License/Use
,_Lease. C—
Construction
_Purchase
Employment
Intergovernmental Agreement (Requires BOCC Action)
Grant Agreements (Requires BOCC Action)
Other
Signatures Required:
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ZS-0K—Department Head (if appropriate), Section Leader
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• Notice of Award/Proceed Attached (if appropriate)
Sent to Clerk and Recorder for Scanning,/Archiving
Date: 5/a0/0o2
T.A� t i&16-,i,4
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Signature of authorized staff person indicate that document has been proofed and ready
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CONTRACT*6?,-ao�
PATIO SHELTER HANGAR LEASE AGREEMENT
THIS PATIO SHELTER HANGAR LEASE AGREEMENT, is entered into and
effective this day of ' , 2001,by and between the PITKIN COUNTY
BOARD OF COUNTY COMMISSIONERS, a political subdivision of the State of
Colorado ("BOCC") and
F,t05 ("Lessee").
RECITALS
A. The BOCC owns and operates Sardy Field, the Aspen/Pitkin County Airport,
located in Aspen, Pitkin County, Colorado ("Airport").
B. Lessee, G f jd�t =� �cn�I f- , wishes to lease a patio shelter-
type hangar to be constructed by the BOCC on the Airport. and to store aircraft owned or leased
by the Lessee in that hangar.
NOW, THEREFORE, in consideration of the above Recitals and the mutual promises
and representations set forth below, the parties hereby agree as follows:
ARTICLE I. LEASED PREMISES
A. The BOCC hereby leases to Lessee, and Lessee hereby leases from the BOCC, a
parcel of real Property on the Airport designated of the following described
size: 4-9 t X �)cc to be designated as Patio Hangar Space No. - , to be as shown on
the map to be attached hereto as Exhibit A and incorporated herein by this reference when
completed by the BOCC, and any and all rights, privileges and appurtenances herein described as
belonging to said space, subject, however, to all restrictions and other encumbrances of record.
The parcel of real property shall hereinafter be referred to as the "Leased Premises".
B. Lessee is also granted the nonexclusive right to utilize such Airport runways,
taxiways, and public use aprons ("airfield areas"), and such other rights of way and access across
the Airport ("Airport rights of way"), as necessary for ingress and egress to its Leased Premises,
and to the extent necessary to enable Lessee to utilize the Leased Premises for the purposes
discussed herein. Lessee's use of said airfield areas and other Airport rights of way shall be on a
nonexclusive, non-preferential basis with other authorized users thereof. Lessee shall abide by
all directives of the BOCC, the Federal Aviation Administration ("FAA") and any other
Governmental entity having jurisdiction over the Airport, governing their use of said airfield areas
and other Airport rights of way, either alone or in conjunction with other authorized users
thereof. Furthermore, the BOCC may from time to time increase or decrease the size or capacity
of any airfield areas and other Airport rights of way or facilities (other than the Leased Premises),
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make alterations thereto, reconstruct or relocate them, modify the design and type of construction
thereof, or close them. or any portion or portions of them. either temporarily or permanently,
without being liable for any damages that may be caused Lessee thereby, and without being
deemed to have terminated this Agreement as a result thereof.
C. BOCC reserves the right to subordinate the provisions of this Lease to the
provisions of any future agreement between the BOCC and the United States Government
relative to the operation, maintenance or development of the Airport which agreement may be
required as a cor .ition precedent to the expenditure of Federal Funds for the development,
maintenance or cperation of the Airport, if such an Agreement is entered into between the
County and the United States Government, the parties agree to execute an amendment to this
Lease so as to remove any material inconsistencies between this document and any agreement
with the United States Government. Furthermore, in the event that by reason of any such
agreement with the United States Government as aforesaid, it becomes necessary to modify,
relocate or remove any improvements or other structures situated on the Leases Premises, or to
move the Leased Premises itself, Lessee agrees to modify, relocate or remove any such
improvements or structures, or to move to a new location for the Leased Premises, as directed by
BOCC and BOCC shall compensate and reimburse Lessee for reasonable damages, costs and
expenses (including modification, removal or relocation costs) suffered or incurred by Lessee in
consequence thereof If, due to the conditions of any agreement between the BOCC and the
United States government, the Leased Premises cannot be relocated at the Airport, the BOCC has
the right to terminate this lease upon sixty (60) days notice to the Lessee by paying to the Lessee
the then unamortized cost of the Lease as of the date of termination.
ARTICLE II. GRANT OF USE
A. The BOCC hereby Grants Lessee the exclusive right to use the Leased Premises to
store aircraft owned or leased by Lessee, or by any entity in which the Lessee has a bona fide
ownership interest, and Lessee's automobile when the aircraft is in use. The Lessee understands
that restrictions, including any prohibition required by County, state or federal law, may apply to
the parking of automobiles. The restrictions will be at the discretion of the Airport Director. All
uses by the Lessee shall be in compliance with the rules and regulations of the Airport and with
all FAA regulations. The Lessee shall always keep the BOCC advised of the type of aircraft
stored in the Leased Premises, and the tail number of that aircraft. In addition, Lessee may sub-
let the Leased Premises subject to the conditions in Article XXI.
B. Lessee shall not use, nor permit others to use, the Leased Premises, and any
improvements thereon, to store automobiles or equipment unrelated to Lessee's use of the Leased
Premises under this Agreement; to fuel any aircraft or vehicles in any manner that would violate
the regulations of the Airport, or for any other purpose than Lessee's aeronautical services and
activities authorized by Subparagraph A above, unless the BOCC authorizes Lessee, in writing,
to use the Leased Premises, and any improvements thereon, for said additional purposes. 3
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ARTICLE M. TERM
A. The initial term of this Patio Shelter Hangar Lease Agreement shall be deemed to
commence at 12:01 a.m. on (the "commencement date") and shall
terminate at midnight on The Lessee may terminate the Lease
upon sixty (60) days notice to the BOCC, provided that in that event, the Lessee shall not be
entitled to the return of any prepaid unamortized cost of the Lease. If such dates are left blank,
then the "commencement date" shall be that date upon which the Lessor notifies the Lessee in
writing that the Patio Shelters are available for occupancy. If the termination date is left blank,
then such termination date shall be twenty(20) years from the commencement date.
B. Notwithstanding the twenty-year term indicated in Paragraph A of this Article, the
BOCC, in its sole discretion and provided it converts and uses the Leased Premises for a purpose
other than for Patio Shelters, shall have the right to shorten the lease period from 20 years to as
short as 15 years or some period in between. To exercise this right the BOCC shall notify Lessee
in writing within 60 days of the end of the 15th year of the lease term of the BOCC's intent to
shorten the lease term and put the Leased Premises to another use and shall state what term, if
any, beyond the 15 years, remains on the lease. In the event that the BOCC does shorten the
lease pursuant to this paragraph, it shall have no obligation to pay Lessee for any unamortized
cost of the lease (the Buy Back Option Price referred to on Exhibit Q.
ARTICLE IV. RENT AND OTHER FEES
A. Rent.
1. Initial Rent: The rent for the Leased Premises, and the method of payment
thereof, shall be as set forth in Exhibit B attached hereto and incorporated herein by this
reference. Any amounts listed on Exhibit B as "Full Down"payments shall be paid as follows:
Twenty Percent (20%) shall be paid at the time of execution of this Lease by Lessee. The
remaining "Full Down" amounts are to be paid as per the schedule which Lessor shall provide
Lessee based upon Lessor's estimated timing for use of funds to pay for
construction/development cost of the Leased Premises. Lessee shall pay said Full Down funds
within thirty(30) days after Lessor notifies Lessee in writing of need for additional funds (up to
the cumulative amount of One Hundred Percent (100%) of the"Full Down" amount listed on
Exhibit B).
B. Miscellaneous Other Fees.
1. Lessee shall pay other operations fees, including administrative charges,
insurance, operation costs, utilities and maintenance charges and ground rent, common to the
patio shelter hangars. Further more, the Lessee shall pay separate electrical heating fees for any
engine heating done by the Lessee. All such operational fees, and electrical engine heating fees, if
any. shall be paid on a quarterly basis for the Leased Premises as established by the BOCC based
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upon actual expenditures and actual electrical usage for the entirety of the patio shelter-type
hangar each year. The operational fees shall be assessed in accordance with the schedule set forth
in Exhibit B. The ground rent set forth on Exhibit B shall automatically be increased by the
percentage increase in the Consumer Price Index - All Urban Consumers (CPI-U) — U.S. City
Average - All Items, during the latest available preceding twelve (12) month period, or four
percent (4%), whichever is greater. If the CPI-U ceases to be published by the U.S. Department
of Labor, the parties shall agree on a successor index representing the broadest national indicator
of consumer inflation. All such increases shall be cumulative, compounded annually; i.e. the
percentage shall be applied in each instance against the ground rent fees for the preceding Lease
Year. All other expenses and fees shall be increased by the BOCC's actual expenditures therefor,
and notice of any increase shall be given to the Lessee on or before January 15`of each year of the
Lease Term. Payments of all operational fees shall be made in advance on or before the first (ls`
) day of each three-month, calendar year quarter involved. The initial operational fees, which
shall be valid until January 1, 2003, are set forth in Exhibit B.
C. Payment of Fees.
1. Payment of all monies owed to the BOCC hereunder shall be made to the
BOCC at its administrative offices located in the Airport's terminal building, or as otherwise
directed by the BOCC.
D. Interest. Any ground rental or other monies owed to the BOCC under this Lease
Agreement which are not received when due, or any monies paid by the BOCC on Lessee's
behalf which were Lessee's responsibility under this Lease Agreement. shall accrue interest at the
rate of one and one-half percent (I V2%) per month from the due date or date when the BOCC
made payment on Lessee's behalf, until receipt of full payment from Lessee. Any payments
received shall be applied first to accrued interest, and then to the reduction of the actual amounts
owed by Lessee.
ARTICLE V. IMPROVEMENTS
During the term of this Lease, Lessee shall have no right to construct any improvements,
alterations, or additions to the Leased Premises, or to any improvements presently located
thereon, in furtherance of Lessee's authorized use of the Leased Premises without the written
consent of the BOCC, which may be withheld at the discretion of the BOCC.
ARTICLE VI. MAINTENANCE AND UTILITIES
A. During the term of this Lease, Lessor shall, at its own expense, maintain and keep
all portions of the Leased Premises, and any improvements, fixtures and equipment which is part
of the Leased Premises, in good operating physical condition and repair.
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B. During the term of this Lease, Lessee agrees to keep Leased Premises in a safe and
clean condition, and to not permit any unsightly accumulation of wreckage, debris, or trash where
visible to the general public visiting or using the Airport.
ARTICLE VII. DAMAGE TO AIRPORT
Lessee shall be liable for any damage to the Airport and to any improvements thereon
caused by Lessee, its officers, agents, employees, contractors, subcontractors, assigns, subtenants,
customers, guests, invitees, or anyone acting under its direction and control, ordinary wear and
tear excepted. All repairs for which Lessee is liable may be made by Lessee at its own expense,
provided that said repairs are made timely and to the BOCC's satisfaction as to the quality of
repair or, if not timely or satisfactorily made by Lessee, then by the BOCC at Lessee's expense.
ARTICLE VIII. DEFAULT AND REMEDIES
A. Events of Default. The following shall constitute defaults by Lessee:
1. Failure to pay quarterly operational fees or electrical engine heating fees,
or any other monies owed hereunder, or under any other agreements between the parties, when
such monies are due, and the failure to cure said delinquency within a period of ten (10) days
following written notice of said delinquency;
2. Any other failure in the performance of any covenant or obligation
required herein, and the failure to cure said delinquency within a period of thirty (30) days
following written notice of said delinquency;
3. The acquisition of Lessee's interest in this Lease Agreement by execution
or other process of law when said process of law is not discharged within fifteen (15) days
thereafter; and
4. Lessee's general assignment of its rights, title and interest hereunder for
the benefit of creditors; or the appointment of a receiver for Lessee's property if the appointment
is not vacated within ninety(90) days.
5. Filing by or against Lessee in any court pursuant to any statute either of the
United States or of any state, of a petition of bankruptcy or insolvency, or reorganization, or the
appointment of a receiver or trustee. of all or a portion of Lessee's property if, within sixty(60) days after
commencement of any such proceedings involving Lessee, such petition shall not have been dismissed.
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B. Remedies Upon Default. Upon the occurrence of any of the events of default set
forth in Subparagraph A above, the BOCC may exercise any one or more of the following
remedies. These remedies shall be cumulative and not alternative:
1. The BOCC may sue for specific performance;
2. The BOCC may sue for recovery of all damages incurred by the BOCC,
including incidental damages, consequential damages, if any, and reasonable attorneys fees;
3. The BOCC may terminate this Lease Agreement and, at the option of the
BOCC, any other agreement in effect between the parties. The termination of these agreements,
however, shall only be effective upon written notice of same provided by the BOCC to Lessee. In
no event shall this Lease be construed to be terminated unless and until such notice is provided.
The termination may be effective immediately upon provision of said notice, or at any other time
specified in the notice. In the event the BOCC terminates this lease the BOCC shall have no
obligation to pay Lessee for any unamortized cost of the lease (the Buy Back Option Price
referred to on Exhibit Q. If this Lease is terminated, Lessee shall continue to be liable for: (a)
the performance of all terms and conditions, including the payment of all monthly ground rent
and all other monies due or accrued hereunder prior to the effective date of said termination; and
(b) all damages, including attorneys' fees and other expenses of collection, incurred as a result of
any default.
4. Without terminating the Lease by so doing, and without further notice to
Lessee. BOCC may re-enter the Leased Premises with or without process of law, repossess the
Leased Premises and all fixtures and improvements thereon, and remove Lessee and any third
parties who may be occupying or within the Leased Premises and all of their respective personal
property, by using either such reasonable force as may be necessary, summary proceedings,
ejectment, or any other means, the BOCC, in its sole discretion, deems appropriate without being
deemed guilty of any trespass, eviction, or forcible entry and detainer by so doing. In such case,
the BOCC shall be obligated to attempt, in good faith, to negotiate the reletting of the Leased
Premises, and any improvements thereon, or any portion thereof, on behalf of Lessee, for such
period of time and upon such terms and conditions as the BOCC deems appropriate. The BOCC
shall in no way be obligated under the terms of this subparagraph to relet all or any portion of the
Leased Premises, or any improvement thereon, to any third party, or upon terms and conditions,
that are not acceptable to the BOCC, or which the BOCC, in its sole discretion, does not feel to
be in the best interests of the Airport; nor shall the BOCC be responsible for any failure by the
sublessee or new tenant to pay rent or to perform any other conditions due upon such reletting.
Lessee hereby expressly authorizes BOCC to make any reasonable repairs or renovations
necessary to relet the Leased Premises, or any improvements thereon, on Lessee's behalf.
Assuming BOCC attempts to relet the Leased Premises, in good faith, whether or not BOCC is
able to relet the Leased Premises, Lessee shall remain liable for the performance of all terms and
conditions of the Lease and the payment of all monies due under the Lease for the remainder of
the leasehold term, although Lessee shall receive credit for any monies paid or conditions
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performed as a result of reletting. Lessee shall also be responsible for reimbursing the BOCC for
all costs and expenses the BOCC incurs in reletting or attempting to relet the Leased Premises,
including reasonable repair and renovation costs. Finally, if, as a result of such reletting, BOCC
becomes entitled to receive excess rentals or other benefits over and above what BOCC would
have been entitled to receive under this Lease Agreement, BOCC shall be entitled to retain -all
such surplus rentals and other benefits, and Lessee shall have no rights or interest therein.
5. The BOCC may utilize any other remedy provided by law or equity as a
result of any events of default.
C. Force Maieure. Any defaults by either of the parties in the performance of any of
the terms and conditions contained herein shall be excused where due to force majeure, which,
among other things, shall include natural catastrophes such as hurricanes, tornadoes, or floods,
acts of God, acts of war, and governmental statutes, regulations, directives, or contracts
Governing the operation of the Airport, with which the BOCC or Lessee must comply.
ARTICLE IX. COMPLIANCE WITH STATUTES, RULES,
REGULATIONS, DIRECTIVES
A. Lessee shall observe and obey all statutes, rules, regulations and directives
promulgated by the BOCC and other appropriate local, state and federal entities having
jurisdiction over the Airport, including the Federal Aviation Administration ("FAA") and the
Environmental Protection Agency. Without limiting the foregoing, Lessee agrees to utilize its
Leased Premises, and the common areas of the Airport, and all improvements thereon, in
compliance with the Federal Aviation Regulations, including all amendments hereafter made,
embodied in 49 C.F.R. Parts 107 and 108, which are specifically incorporated and made a part of
this Lease Agreement. Lessee further agrees to perform all of its operations authorized hereunder
in accordance with all of the terms and conditions of the rules and regulations for the Airport as
the same may be amended from time to time. If there is any inconsistency between the terms of
this Agreement, and the rules and regulations for the Airport, the terms of this Agreement shall
control. Lessee further agrees to comply with all verbal and written directives of the Airport
Director regarding Lessee's use of the Leased Premises, the Airport's airfields and ramps, and
other common areas elsewhere on the Airport.
B. Should Lessee, its officers, agents, employees, customers, guests, invitees,
subtenants, assigns, contractors or subcontractors violate any local, state or federal law, rule or
regulation applicable to the Airport, and should said violation result in a damage award, citation
or fine against the BOCC, then Lessee shall fully reimburse the BOCC for said damage award,
citation or fine and for all costs and expenses, including reasonable attorneys' fees, incurred by
BOCC in defending against or satisfying the award, citation or fine.
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ARTICLE X. INSPECTION
At any time, the BOCC may inspect the Leased Premises, and any improvements, fixtures
or equipment thereon.
ARTICLE XI. QUIET ENJOYMENT
The BOCC expressly covenants and represents that upon payment of fees when due and
upon performance of all other conditions required herein, Lessee shall peaceably have, possess
and enjoy the Leased Premises and other rights herein granted, without hindrance or disturbance
from the BOCC, subject to the BOCC's various rights contained elsewhere in this Agreement.
ARTICLE XII. REPRESENTATIONS
The BOCC expressly covenants and represents that it is the owner of the Leased
Premises, and has the right and authority to enter into this Lease Agreement and grant the rights
contained herein to Lessee.
With respect to Lessee, the undersigned warrants and represents that he is authorized to
execute this i.ease on Lessee's behalf and shall be bound as a signatory to this Lease by his
execution of this Lease.
ARTICLE MII. WAIVER
Should Lessee breach any of its obligations hereunder, the BOCC nevertheless may
thereafter accept from Lessee any payment or payments due hereunder, and continue this Lease
Agreement in effect, without in any way waiving the BOCC's right to exercise and enforce all
available default rights hereunder, or any other remedies provided by law, for said breach. In
addition., any waiver by either party of any default, breach or omission of the other under this
Lease Agreement shall not be construed as a waiver of any subsequent or different default,
breach, or omission.
ARTICLE XIV. NOTICE
Any and all notices required herein to be made by either party to the other shall be written
notice made by depositing such notice, correctly addressed, via certified mail of the United States
of America, postage prepaid, and such notice shall be deemed to have been served on the date of
such depositing.
All notices to the BOCC all be mailed to:
��1 01r
o�1 x?riy�,/�
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All notices to Lessee shall be mailed to:
--ram o Cc-A pC,z n-n Jy--)
LUMN(FF;r--
Each party may, from time to time, change the address to which notices to said party are
to be sent, by providing written notice of said change of address to the other party in accordance
with the procedure set forth in this Article.
ARTICLE XV. RELATIONSHIP OF PARTIES
It is understood that the BOCC is not in any way or for any purpose partner or joint
venturer with, or agent of, Lessee in its use of the Leased Premises or any improvements thereon.
ARTICLE XVI. PARTIAL INVALIDITY
If any term or condition of this Lease Agreement or the application thereof to any person
or event shall to any extent be invalid and unenforceable, the remainder of this Lease Agreement
and the application of such term, covenant or condition to persons or events other than those to
which it is held invalid or unenforceable shall not be affected and each term, covenant and
condition of this Lease Agreement shall be valid and be enforced to the fullest extent permitted
by law.
ARTICLE XVZI. SUCCESSORS
The provisions, covenants and conditions of this Lease Agreement shall bind, and inure
to the benefit of, the legal representatives, successors and assigns of the parties hereto.
ARTICLE XVIII. ATTORNEYS' FEES, COSTS
AND EXPENSES OF LITIGATION
In the event of a breach of this Lease Agreement, the breaching party shall pay to the non-
breaching party all reasonable attorneys' fees, costs and other expenses, incurred by the non-
reaching'party in enforcing its rights as a result of said breach.
ARTICLE XIX. ASSIGNMENT AND SUBLEASE
A. Lessee shall not assign its interest nor sublease the Leased Premises for an excess
of one (1) year, where the amount of the consideration paid to the Lessee is greater than the
portion of the then unamortized cost of the Lease attributable to that period, without first
complying with the terms hereof. In the event that the Lessee desires to assign the Lease or to
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sublease the Leased Premises for an excess of one (1) year, or if the consideration to be received
by the Lessee for the lesser period is greater than the difference between the Buy Back Option
Price at the end of the assignment or sublease period and that Buy Back Option Price at the
beginning of the assignment or sublease period, both as shown on Exhibit C attached hereto, plus
all operations fees and other amounts due hereunder for that period, and Lessee has received a
bona tide offer to do either, it shall first give written notice thereof to the BOCC, along with a
copy of the offer to sublease or assume the Lease, as the case may be. The BOCC shall then have
thirty (30) days to notify the Lessee of its intention to take over the Lease by paying to the Lessee
the Buy Back Option Price at the beginning of the applicable period as determined from Exhibit
C attached hereto, and by paying the Lessee that Buy Back Option Price within sixty(60) days of
said notice. Should the BOCC fail to either notify the Lessee of its intention to exercise its rights
or once having done so, fail to pay all amounts due, the Lessee shall be free to consummate the
assignment or sublease, as the case may be, in accordance with the offer which the BOCC has
been notified about. No such assignment or sublease shall be valid unless the assignee or
sublessee, as the case may be, agrees to be bound by all of the terms and conditions hereof. If an
assignment is made, the Lessee shall be released from all further liability hereunder for future
obligations. All subsequent assignors and assignees shall be subject to this Article as if they were
the original lessee/assignor. The provisions hereof shall not apply to any assignment between two
(2) current tenants in the patio shelter, who have the same lease terms, who desire to exchange
their respective Leased Premises, provided that the BOCC is given written notification of the
exchange prior to the consummation thereof.
B. There shall be no sublease for a period of less than one (1) week except for any
sub-lease with Aspen Base Operation (or any future FBO) for the parking of transient aircraft.
Any subleases made pursuant to this sub-paragraph shall be limited to no more than four (4)
times in any one calendar year.
ARTICLE XX. SURRENDER UPON TEKMINATION
Upon the expiration or sooner termination of this Lease Agreement, for any reason
whatsoever, Lessee shall peaceably surrender to the BOCC possession of the Leased Premises,
together with any improvements, fixtures or personal property of the BOCC thereon, in as good a
condition as the Leased Premises, and improvements, fixtures and personal property were
initially provided to Lessee, ordinary wear and tear excepted, without any compensation
whatsoever, and free and clear of any claims of interest of Lessee or any other third party
whomsoever. Lessee shall restore the Leased Premises, and other improvements from which the
fixtures or property were taken (if the improvement involved is not also being removed from the
Leased Premises), to good condition and repair.
ARTICLE XXI. HAZARDOUS WASTE/ENVIRONMENTAL
POLLUTION
Lessee shall be solely responsible for the prevention, control and cleanup of all fuel, gas
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and oil leaks and spills, hazardous waste, lavatory waste and other environmental pollution
caused by Lessee's operations in the Leased Premises, in accordance with applicable local, state
and federal laws and regulations, and it shall hold the BOCC harmless from said prevention,
control and cleanup costs and obligations. The parties each reserve their various claims and
defenses against one another for the cleanup of any environmental pollution that occurred on the
Leased Premises prior to the commencement date of Lessee's leasehold term hereunder. It is
noted that in the ordinary course of storing and parking aircraft that some minor fuel and oil
spillage shall occur and that Lessee shall have no extraordinary obligation for clean up of such
spills.
ARTICLE XXII. EMINENT DOMAIN
A. In the event that all or any portion of the Leased Premises is taken for any public
or quasi-public purpose by any lawful condemning authority, including the BOCC, exercising its
powers of eminent domain (or in the event that all or any portion of the Leased Premises is
conveyed to such a condemning authority in settlement and acceptance of such condemning
authority's offer to purchase all or any portion of the Leased Premises in connection with its
threat to take said areas under power of condemnation or eminent domain), the proceeds, if any,
from such taking or conveyance shall be allocated between the BOCC and Lessee according to
the applicable Colorado law of eminent domain; provided, however, that in the'event of
condemnation, the Lessee shall be compensated no less than the unamortized cost of the Lease as
of the date of condemnation. If a portion of the Leased Premises is so taken or sold, and as a
result thereof, the remaining part cannot be used reasonably to continue the authorized purposes
contemplated by this Lease Agreement as set forth in Article II in an economically viable
manner, then this Lease Agreement shall be deemed terminated at the end of a period of sixty
(60) days following said taking or conveyance. In that event and at that time, Lessee shall
surrender the Leased Premises to the BOCC and all of the BOCC's fixtures and personal property
thereon, and Lessee may remove its improvements, fixtures and personal property located upon
the Leased Premises, in accordance with the provisions of Article XXEI above.
ARTICLE XXIII. RENEWAL
Other than Lessee's right of first refusal (if applicable) pursuant to Article IIIB above,
Lessee has no guaranteed or preferential right, as against other third parties, of reletting the
Leased Premises, or any improvements thereon, following termination of this Lease. Should
Lessee desire to relet the Leased Premises following the expiration or sooner termination of this
Lease, Lessee shall submit an application for lease in accordance with Airport leasing rules and
regulations in effect at that time. Lessee's application will be reviewed by the BOCC, along with
all other applications, if any, in accordance with then applicable Airport leasing rules and
regulations.
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ARTICLE XXIV. GOVERNING LAW AND VENUE
This Lease shall be interpreted in accordance with the laws of the State of Colorado and
applicable federal law. Lessee further agrees that should either party believe it necessary to file
suit to interpret or enforce any provisions of this Agreement, the exclusive venue and jurisdiction
for said lawsuit shall be in the Pitkin County, Colorado District Court, or if federal court
jurisdiction would be appropriate, then in the Federal Distract Court in Denver.
ARTICLE XXV. HOLDING OVER
If Lessee remains in possession of the Leased Premises after the expiration of this Lease
Agreement without any written renewal thereof, such holding over shall not be deemed as a
renewal or extension of this Lease Agreement but shall create only a tenancy from month to
month which may be terminated at any time by the BOCC upon thirty (30) days written notice.
Such holding over shall otherwise be upon the same terms and conditions as set forth in this
Lease Agreement; provided, however, that the monthly rent shall be at a rate equal to One
Hundred Percent (100%) of the then current monthly rent for similar patio shelter hangar space to
the Leased Premises.
ARTICLE XXVI. ENTIRE AGREEMENT
This writing, together with the exhibits attached hereto, is the entire agreement of the
parties regarding the establishment of their leasehold arrangements. No representations,
warranties, inducements or oral agreements previously made between the parties regarding the
establishment of their leasehold arrangements shall continue unless stated therein. This Lease
Agreement shall not be changed or modified, except by a writing, signed by both parties.
DONE AND EXECUTED on the date first above written.
ASPEN/PITKIN COUNTY AIRPORT LESSEE
_ B -11�i -
Airport T?irectoi J,_ -- '( Z o �p,+x��1 a
tomo C!c_homelairporffatio Shelter Lease.doc
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Patio Shelter Hanger Lease Agreement - Exhibit C
Amortization Schedule
For BOCC Buy Back Option
The Table Below Lists the
"BUY BACK OPTION PRICE" for different size shelters at the end of each Month
Size: Small Medium I Large I X Large I XX Large I XXX Large
End of Unit Price "Full Down Amount"
Year Month $ 33,000 $ 38,000 $ 42,000 $ 46,000 $ 52,000 $ 62,000
1 1 $ 32,937 $ 37,927 $ 41,919 $ 45,912 $ 51,900 $ 61,881
2 $ 32,873 $ 37,854 $ 41,838 $ 45,823 $ 51,800 $ 61,761
3 $ 32,809 $ 37,780 $ 41,757 $ 45,734 $ 51,699 $ 61,641
4 $ 32,744 $ 37,706 $ 41,675 $ 45,644 $ 51,597 $ 61,520
5 $ 32,680 $ 37,631 $ 41,592 $ 45,553 $ 51,495 $ 61,398
6 $ 32,614 $ 37,556 $ 41,509 $ 45,462 $ 51,392 $ 61,275
7 $ 32,549 $ 37,480 $ 41,426 $ 45,371 $ 51,289 $ 61,152
8 $ 32,483 $ 37.404 $ 41,342 $ 45,279 $ 51,185 $ 61,028
9 $ 32,416 $ 37,328 $ 41,257 S 45,186 $ 51,080 $ 60,903
10 $ 32,350 $ 37,251 $ 41,172 $ 45,093 $ 50,975 $ 60,778
11 $ 32,282 $ 37,174 $ 41,087 $ 45,000 $ 50,869 $ 60,652-
12 $ 32,215 $ 37,096 $ 41,001 S 44,906 $ 50,763 $ 60,525
2 13 $ 32,147 S 37,018 $ 40,914 $ 44,811 $ 50,656 $ 60,397
14 $ 32,079 S 38,939 $ 40,827 $ 44,716 $ 50,548 $ 60,269
15 $ 32,010 $ 36,860 $ 40,740 $ 44,620 $ 50,440 $ 60,140
16 $ 31,941 $ 36,780 $ 40,652 $ 44,524 $ 50,331 $ 60,010
17 $ 31,871 $ 36,700 $ 40,563 $ 44,427 $ 50,221 $ 59,879
18 $ 31,801 $ 36,620 $ 40,474 $ 44,329 $ 50,111 $ 59,748
19 $ 31,731 S 36,539 $ 40,385 $ 44,231 $ 50,000 $ 59,616
20 $ 31,660 $ 36,457 $ 40,295 $ 44,133 $ 49,889 $ 59,483
21 $ 31,589 $ 36,375 $ 40,204 $ 44,033 $ 49,777 $ 59,349
22 $ 31,518 $ 36,293 $ 40,113 $ 43,934 $ 49,664 $ 59,215
23 $ 31,446 $ 36,210 $ 40,022 $ 43,833 $ 49,551 $ 59,080
24 $ 31,373 S 36,127 $ 39.929 $ 43,732 $ 49,436 $ 58,943
3 25 $ 31,300 $ 36,043 $ 39,837 $ 43,631 $ 49,322 $ 58,807
26 $ 31,227 $ 35,958 $ 39,744 $ 43,529 $ 49,206 $ 58,669
27 $ 31,153 $ 35,874 $ 39,650 $ 43,426 $ 49,090 $ 58,531
28 $ 31,079 $ 35,788 $ 39,555 $ 43,323 $ 48,973 $ 58,391
29 $ 31,005 $ 35,702 $ 397,160 $ 43,219 $ 48,856 $ 58,251
30 $ 30,930 $ 35,616 $ 39,365 $ 43,114 $ 48,738 $ 58,110
31 $ 30,854 $ 35,529 $ 39,269 $ 43,009 $ 48,619 $ 57,969
32 $ 30,778 $ 35,442 $ 39,173 $ 42,903 $ 48,499 $ 57,826
33 $ 30,702 $ 35,354 $ 39,075 $ 42,797 $ 48,379 $ 57,683
34 $ 30,625 $ 35,266 $ 38,978 $ 42,690 $ 48,258 $ 57,539
35 $ 30,548 $ 35,177 $ 38,879 $ 42,582 $ 48,136 $ 57,393
36 $ 30,470 $ 35,087 $ 38,781 $ 42,474 $ 48,014 $ 57,248
4 37 $ 30,392 $ 34,997 $ 38,681 $ 42,365 $ 47,891 $ 57,101
38 $ 30,314 $ 34,907 $ 38,581 $ 42,256 $ 47,767 $ 56,953
39 $ 30,235 $ 34,816 $ 38,481 $ 42,145 $ 47,643 $ 56,805
40 $ 30,155 $ 34,724 $ 38,379 $ 42,035 $ 47,517 $ 56,655
41 $ 30,075 $ 34,632 $ 38,278 $ 41,923 $ 47,392 $ 56,505
467688
f
05/21/200209930E
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Size: Small Medium Large X Large I XX Large XXX Large
End of Unit Price "Full Down Amount"
Year Month $ 33,000 $ 38.000 $ 42,000 $ 46,000 $ 52,000 $ 62,000
42 $ 29,995 $ 34,540 $ 38,175 $ 41,811 $ 47,265 $ 56,354
43 $ 29,914 $ 34,447 $ 38,072 $ 41,698 $ 47,137 $ 56,202
44 $ 29,833 $ 34,353 $ 37,969 $ 41,585 $ 47,009 $ 56,049
45 $ 29,751 $ 34,259 $ 37,865 $ 41,471 $ 46,880 $ 55,896
46 $ 29,669 $ 34,164 $ 37,760 $ 41,356 $ 46,751 $ 55,741
47 $ 29,586 $ 34,069 $ 37,655 $ 41,241 $ 46,620 $ 55,586
48 $ 29,503 $ 33,973 $ 37,549 $ 41,125 S 46,489 $ 55,429
5 49 $ 29,419 $ 33,876 $ 37,442 $ 41,008 $ 46,357 $ 55,272
50 $ 29,335 $ 33,779 $ 37,335 $ 40,891 $ 46,224 $ 55,113
51 $ 29,250 $ 33,682 $ 37,227 $ 40,773 $ 46,091 $ 54,954
52 $ 29,165 $ 33,584 $ 37,119 $ 40,654 $ 45,956 $ 54,794
53 $ 29.079 $ 33,485 $ 37,010 $ 40,534 $ 45,821 $ 54,633
54 $ 28,993 $ 33,386 $ 36,900 $ 40,414 $ 45,685 $ 54,471
55 $ 28,906 $ 33,286 S 36,789 $ 40,293 $ 45,549 $ 54,308
56 $ 28,819 $ 33,185 $ 36,678 $ 40,172 $ 45,411 $ 54,144
57 $ 28,731 $ 33,084 $ 36,567 $ 40,049 $ 45,273 $ 53,979
58 $ 28,643 $ 32,983 $ 36,454 $ 39,926 $ 45,134 $ 53,814
59 $ 28,554 $ 32,880 $ 36,341 $ 39,803 $ 44,994 $ 53,647
60 $ 28,465 S 32,778 S 36,228 $ 39,678 $ 44,853 $ 53,479
6 61 $ 28,375 $ 32,674 $ 36,113 $ 39,553 $ 44,712 $ 53,310
62 $ 28,285 $ 32,570 $ 35,999 $ 39,427 $ 44,570 $ 53,141
63 $ 28,194 $ 32,465 S 35,883 $ 39,300 $ 44,426 $ 52,970
64 $ 28,102 $ 32,360 $ 35,767 $ 39,173 $ 44,282 $ 52,798
65 $ 28,010 $ 32,254 $ 35,650 $ 39,045 $ 44,138 $ 52,626
66 $ 27,918 $ 32,148 $ 35,532 $ 38,916 $ 43,992 $ 52,452
67 $ 27,825 $ 32,041 $ 35,414 $ 38,786 $ 43,845 $ 52,277
68 $ 27,731 $ 31,933 S 35,295 $ 38,656 $ 43,698 $ 52,101
69 $ 27,637 $ 31,825 $ 35,175 $ 38,525 $ 43,550 $ 51,925
70 $ 27,543 $ 31,716 $ 35,054 $ 38,393 $ 43,401 $ 51,747
71 $ 27,448 S 31,606 $ 34,933 $ 38,260 $ 43,251 $ 51,568
72 $ 27,352 S 31,496 $ 34,811 $ 38,127 $ 43,100 $ 51,388
7 73 $ 27,255 $ 31,385 $ 34,689 $ 37,992 $ 42,948 S 51,207
74 $ 27,159 $ 31,274 $ 34,566 $ 37,857 $ 42,795 $ 51,025
75 $ 27,061 $ 31,161 $ 34,442 $ 37,722 $ 42,642 $ 50,842
76 $ 26,963 $ 31,049 $ 34,317 $ 37,585 $ 42,487 $ 50,658
77 $ 26,865 $ 30,935 $ 34,191 $ 37,448 $ 42,332 $ 50,473
78 $ 26,766 $ 30,821 $ 34,065 $ 37,309 $ 42,176 $ 50,287
79 $ 26,666 $ 30,706 $ 33,938 $ 37,170 $ 42,019 $ 50,099
80 $ 26,565 $ 30,591 $ 33,811 $ 37,031 $ 41,861 $ 49,911
81 $ 26,465 $ 30,474 $ 33,682 $ 36,890 $ 41,702 $ 49,721
82 $ 26,363 $ 30,358 $ 33,553 $ 36,749 $ 41,542 $ 49,531
83 $ 26,261 $ 30,240 $ 33,423 $ 36,606 $ 41,381 $ 49,339
84 $ 26,158 $ 30,122 $ 33,293 $ 36,463 $ 41,219 $ 49,146
8 85 $ 26,055 $ 30,003 $ 33,161 $ 36,319 $ 41,057 $ 48,952
86 $ 25,951 $ 29,883 $ 33,029 $ 36,175 $ 40,893 $ 48,757
87 $ 25,847 $ 29,763 $ 32,896 $ 36,029 $ 40,728 $ 48,561
88 $ 25,742 $ 29,642 $ 32,762 $ 35,882 $ 40,563 $ 48,363
89 $ 25,636 $ 29,520 $ 32,628 $ 35,735 $ 40,396 $ 48,165
90 $ 25,530 $ 29,398 $ 32,492 $ 35,587 $ 40,229 $ 47,965
91 $ 25,423 $ 29,275 $ 32,356 $ 35,438 $ 40,060 S 47,764
92 $ 25,315 $ 29,151 $ 32,219 $ 35,288 $ 39,891 $ 47,562
93 $ 25,207 $ 29,026 $ 32,082 $ 35,137 $ 39,720 $ 47,359
467688 _
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Size: Small Medium Large X Large I XX Large FXXX Large
End of Unit Price "Full Down Amount"
Year Month $ 33,000 $ 38.000 $ 42,000 $ 46,000 $ 52.000 $ 62,060
94 $ 25,098 $ 28,901 $ 31,943 $ 34,986 $ 39,549 $ 47,154
95 $ 24,989 $ 28,775 $ 31,804 $ 34,833 $ 39,376 $ 46,949
96 $ 24,879 $ 28,648 $ 31,664 $ 34,680 $ 39,203 $ 46,742
9 97 $ 24,768 $ 28,521 $ 31,523 $ 34,525 $ 39,028 $ 46,534
98 $ 24,657 $ 28,393 $ 31,381 $ 34,370 $ 38,853 $ 46,325
99 $ 24,545 $ 28,264 $ 31,239 $ 34,214 $ 38,676 $ 46,114
100 $ 24,432 $ 28,134 $ 31,095 $ 34,057 $ 38,499 $ 45,903
101 $ 24,319 $ 28,003 $ 30,951 $ 33,899 $ 38,320 $ 45,690
102 $ 24,205 $ 27,872 $ 30,806 $ 33,740 $ 38,141 $ 45,475
103 $ 24,090 $ 27,740 $ 30,660 $ 33,580 $ 37,960 $ 45,260
104 $ 23,975 $ 27,607 $ 30,513 $ 33,419 $ 37,778 $ 45,043
105 $ 23,859 $ 27,474 $ 30,366 $ 33,258 $ 37,596 $ 44,825
106 $ 23,742 $ 27,339 $ 30,217 $ 33,095 $ 37,412 $ 44,606
107 $ 23,625 $ 27,204 $ 30,068 $ 32,931 $ 37,227 $ 44,386
108 $ 23,507 $ 27,068 $ 29,918 $ 32,767 $ 37,041 $ 44,164
10 109 $ 23,388 $ 26,932 $ 29,766 $ 32,601 $ 36,854 $ 43,941
110 $ 23,268 $ 26,794 $ 29,614 $ 32,435 $ 36,666 $ 43,717
111 $ 23,148 $ 26,656 $ 29,462 $ 32,267 $ 36,476 $ 43,491
112 $ 23,028 $ 26,517 $ 29,308 $ 32,099 $ 36,286 $ 43,264
113 $ 22,906 $ 26,377 $ 29,153 $ 31,930 $ 36,094 $ 43.036
114 $ 22,784 $ 26,236 $ 28,998 $ 31,759 $ 35,902 $ 42,806
115 $ 22,661 $ 26,094 $ 28,841 $ 31,588 $ 35,708 $ 42,575
116 $ 22,537 $ 25,952 $ 28,684 $ 31,416 $ 35,513 $ 42,343
117 $ 22,413 $ 25,809 $ 28,525 $ 31,242 $ 35,317 $ 42,109
118 $ 22,288 $ 25,665 $ 28,366 $ 31,068 $ 35,120 $ 41,874
119 $ 22,162 $ 25,520 $ 23,206 $ 30,892 $ 342922 $ 41,637
120 $ 22,035 $ 25,374 $ 28,045 $ 30,716 $ 34,722 $ 41,400
11 121 $ 21,908 $ 25,227 $ 27,883 $ 30,538 $ 34,522 $ 41,160
122 $ 21,780 $ 25,080 $ 27,720 $ 30,360 $ 34,320 $ 40,920
123 $ 21,651 $ 24,932 $ 27,556 $ 30,180 $ 34,117 $ 40,678
124 $ 21,522 $ 24,782 $ 27,391 $ 30,000 $ 33,913 $ 40,435
125 $ 21,391 $ 24,632 $ 27,225 $ 29,818 $ 33,707 $ 40,190
126 $ 21,260 $ 24,481 $ 27,058 $ 29,635 $ 33,501 $ 39,943
127 $ 21,128 $ 24,330 $ 26,891 $ 29,452 $ 33,293 $ 39,696
128 $ 20,996 $ 24,177 $ 26,722 $ 29,267 $ 33,084 $ 39,447
129 $ 20,862 $ 24,023 $ 26,552 $ 29,081 $ 32,874 $ 39,196
130 $ 20,728 $ 23,869 $ 26,381 $ 28,894 $ 32,663 $ 38,944
131 $ 20,593 $ 23,714 $ 26,210 $ 28,706 $ 32,450 $ 38,691
132 $ 20,458 $ 23,557 $ 26,037 $ 28,517 $ 32,236 $ 38.436
12 133 $ 20,321 $ 23,400 $ 25,863 $ 28,326 $ 32,021 $ 38,179
134 $ 20,184 $ 23,242 $ 25,688 $ 28,135 $ 31,805 $ 37,921
135 $ 20,046 $ 23,083 $ 25,513 $ 27,942 $ 31,587 $ 37,662
136 $ 19,907 $ 22,923 $ 25,336 $ 27,749 $ 31,368 $ 37,401
137 $ 19,767 $ 22,762 $ 25,158 $ 27,554 $ 31,148 $ 37,138
138 $ 19,627 $ 22,600 $ 24,979 $ 27,358 $ 30,927 $ 36,874
139 $ 19,485 $ 22,437 $ 24,799 $ 27,161 $ 30,704 $ 36,608
140 $ 19,343 $ 22,274 $ 24,618 $ 26,963 $ 30,480 $ 36,341
141 $ 19,200 $ 22,109 $ 24,436 $ 26,764 $ 30,254 $ 36,073
i 142 $ 19,056 $ 21,943 $ 24,253 $ 26,563 $ 30,028 $ 35,802
143 $ 18,911 $ 21,777 $ 24,069 $ 26,361 $ 29,800 $ 35,531
144 $ 18,766 $ 21,609 $ 23,884 $ 26,158 $ 29,570 $ 35,257
13 145 $ 18,619 $ 21,441 $ 23,698 $ 25,954 $ 29,340 $ 34,982
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Size: Small Medium Large X Large XX Lar a XXX Large
End of Unit Price "Full Down Amount"
Year Month $ 33.000 $ 38,000 $ 42,000 $ 46,000 $ 52,000 $ 62,000
146 $ 18,472 $ 21,271 $ 23,510 $ 25,749 $ 29,108 $ 34,705
147 $ 18,324 $ 21,101 $ 23,322 $ 25,543 $ 28,874 $ 34,427
148 $ 18,175 $ 20,929 $ 23,132 $ 25,335 $ 28,640 $ 34,147
149 $ 18,025 $ 20,757 $ 22,941 $ 25,126 $ 28,404 $ 33.866
150 $ 17,875 $ 20,583 $ 22,750 $ 24,916 $ 28,166 $ 33,583
151 $ 17,723 $ 20,408 $ 22,557 $ 24,705 $ 27,927 $ 33,298
152 $ 17,571 $ 20,233 $ 22,363 $ 24,492 $ 27,687 $ 33,012
153 $ 17,417 $ 20,056 $ 22,167 $ 24,279 $ 27,445 $ 32,723
154 $ 17,263 $ 19,879 $ 21,971 $ 24,064 $ 27,202 $ 32,434
155 $ 17,108 $ 19,700 $ 21,774 $ 23,847 $ 26,958 $ 32,142
156 $ 16,952 $ 19,520 $ 21,575 $ 23,630 $ 26,712 $ 31,849
14 157 $ 16,795 $ 19,340 $ 21,375 $ 23,411 $ 26,465 $ 31,554
158 $ 16,637 $ 19,158 $ 21,174 $ 23,191 $ 26,216 $ 31,257
159 $ 16,478 $ 18,975 $ 20,972 $ 22,970 $ 25,966 $ 30,959
160 $ 16,318 $ 18,791 $ 20,769 $ 22,747 $ 25,714 $ 30,659
161 $ 16,158 $ 18,606 $ 20,564 $ 22,523 $ 25,461 $ 30,357
162 $ 15,996 $ 18,420 $ 20,359 $ 22,298 $ 25,206 $ 30,053
163 $ 15,834 $ 18,233 $ 20,152 $ 22,071 $ 24,950 $ 29,748
164 $ 15,670 $ 18,044 $ 19,944 $ 21,843 $ 24,692 $ 29,441
165 $ 15,506 $ 17,855 $ 19,735 $ 21,614 $ 24,433 $ 29,132
166 $ 15,340 $ 17,665 $ 19,524 $ 21,384 $ 24,173 $ 28,821
167 $ 15,174 $ 17,473 $ 19,312 $ 21,152 $ 23,911 $ 28,509
168 $ 15,007 $ 17,280 $ 19,099 $ 20.918 $ 23,647 $ 28,194
15 169 $ 14,838 $ 17,087 $ 18,885 $ 20,684 $ 23,382 $ 27,878
170 $ 14,669 $ 16,892 $ 18,670 $ 20,448 $ 23,115 $ 27,560
171 $ 14,499 $ 16,696 $ 18,453 $ 20,210 $ 22,847 $ 27,240
172 $ 14,328 $ 16,498 $ 18,235 $ 19,972 $ 22,577 $ 26,918
173 $ 14,155 $ 16,300 $ 18,016 $ 19,732 $ 22,305 $ 26,595
174 $ 13,982 $ 16,100 $ 17,795 $ 19,490 $ 22,032 $ 26,269
175 $ 13,808 $ 15,900 $ 17,573 $ 19,247 $ 21,758 $ 25,942
176 $ 13,632 $ 15,698 $ 17,350 $ 19,003 $ 21,481 $ 25,612
177 $ 13,456 $ 15,495 $ 17,126 $ 18,757 $ 21,203 $ 25,281
178 $ 13,279 $ 15,291 $ 16,900 $ 18,510 $ 20,924 $ 24,948
179 $ 13,100 $ 15,085 $ 16,673 $ 18,261 $ 20,643 $ 24,613
180 $ 12,921 $ 14,879 $ 16,445 $ 18,011 $ 20,360 $ 24,276
16 181 $ 12,740 $ 14,671 $ 16,215 $ 17,759 $ 20,076 $ 23,936
182 $ 12,559 $ 14,462 $ 15,984 $ 17,506 $ 19,790 $ 23,595
183 $ 12,376 $ 14,251 $ 15,752 $ 17,252 $ 19,502 $ 23,252
1.84 $ 12,193 $ 14,040 $ 15,518 $ 16,996 $ 19,213 $ 22,907
185 $ 12,008 $ 13,827 $ 15,283 $ 16,738 $ 18,922 $ 22,560
186 $ 11,822 $ 13,613 $ 15,046 $ 16,479 $ 18,629 $ 22,211
187 $ 11,635 $ 13,398 $ 14,808 $ 16,219 $ 18,334 $ 21,860
188 $ 11,447 $ 13,182 $ 14,569 $ 15,957 $ 18,038 $ 21,507.
189 $ 11,258 $ 12,964 $ 14,329 $ 15,693 $ 17,740 $ 21,152
190 $ 11,068 $ 12,745 $ 14,087 $ 15,428 $ 17,440 $ 20,794
191 $ 10,877 $ 12,525 $ 13,843 $ 15,161 $ 17,139 $ 20,435
192 $ 10,684 $ 12,303 $ 13,598 $ 14,893 $ 16,836 $ 20,074
17 193 $ 10,491 $ 12,080 $ 13,352 $ 14,623 $ 16,531 $ 19,710
194 $ 10,296 $ 11,856 $ 13,104 $ 14,352 $ 16,224 $ 19,344
195 $ 10,100 $ 11,631 $ 12.855 $ 14,079 $ 15,916 $ 18,976
196 $ 9,903 $ 11,404 $ 12,604 $ 13,805 $ 15,605 $ 18,606
197 $ 9,705 $ 11,176 $ 12,352 $ 13,529 $ 15,293 $ 18,234
467688
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cTi vita DAVIS PITKIN COUNTY CO R 0.00 0 0.00
Size: Small Medium Large X Large I XX Large I XXX Large
End of 'Jnit Price "Full Down Amount"
Year Month $ 33,000 $ 33,000 $ 42.000 $ 46.000 $ 52,000 $ 62,000
198 $ 9,506 $ 10,946 $ 12,099 $ 13,251 $ 14,979 $ 17,860
199 $ 9,306 $ 10,716 $ 11,844 $ 12,972 $ 14,664 $ 17,483
200 $ 9,104 $ 10,484 $ 11,587 $ 12,691 $ 14,346 $ 17,105
201 $ 8,901 $ 10,250 $ 11,329 $ 12,408 $ 14,026 $ 16,724
202 $ 8,697 $ 10,015 $ 11,069 $ 12,124 $ 13,705 $ 16,341
203 $ 8,492 $ 9,779 $ 10,808 $ 11,838 $ 13,382 $ 15,955
204 $ 8,286 $ 9.541 $ 10,546 $ 11,550 $ 13,057 $ 15,568
18 205 $ 8,079 $ 9,303 $ 10,282 $ 11,261 $ 12,730 $ 15,178
206 $ 7,870 $ 9,062 $ 10,016 $ 10,970 $ 12,401 $ 14,786
207 $ 7,660 $ 8,820 $ 9,749 $ 10,677 $ 12,070 $ 14,391
208 $ 7,449 $ 8,577 $ 9,480 $ 10,383 $ 11,737 $ 13,995
209 $ 7,236 $ 8,333 $ 9,210 $ 10,087 $ 11,403 $ 13,595
210 $ 7,023 $ 8,087 $ 8,938 $ 9,789 $ 11,066 $ 13,194
211 $ 6,808 $ 7,839 $ 8,664 $ 9,490 $ 10,727 $ 12,790
212 $ 6,592 $ 7,590 $ 8,389 $ 9,188 $ 10,387 $ 12,384
213 $ 6,374 $ 7,340 $ 8,113 $ 8,885 $ 10,044 $ 11,976
214 $ 6,156 $ 7,088 $ 7,834 $ 8,580 $ 9,700 $ 11,565
215 $ 5,936 $ 6,835 $ 7,554 $ 8,274 $ 9,353 $ 11,152
216 $ 5,714 $ 6,580 $ 7,273 $ 7,966 $ 9,005 $ 10,736
:9 217 $ 5,492 $ 6,324 $ 6,990 $ 7,655 $ 8,654 $ 10,318
218 $ 5,268 $ 6,066 $ 6,705 $ 7,343 $ 8,301 $ 9,898
219 $ 5,043 $ 5,807 $ 6,418 $ 7,030 $ 7,946 $ 9,475
220 $ 4,817 $ 5,546 $ 6,130 $ 6,714 $ 7,590 $ 9,049
221 $ 4,589 $ 5.284 $ 5,840 $ 6,396 $ 7,231 $ 8,621
222 $ 4,360 $ 5,020 $ 5,549 $ 6,077 $ 6,870 $ 8,191
223 $ 4,129 $ 4,755 $ 5,255 $ 5,756 $ 6,507 $ 7,758
224 $ 3,898 $ 4,488 $ 4,960 $ 5,433 $ 6,142 $ 7,323
225 $ 3,664 $ 4,220 $ 4,664 $ 5,108 $ 5,774 $ 6,885
226 $ 3,430 $ 3,950 $ 4,365 $ 4,781 $ 5,405 $ 6,444
227 $ 3,194 $ 3,678 $ 4,065 $ 4,452 $ 5,033 $ 6.001
228 $ 2.957 S 3,405 $ 3,763 $ 41122 $ 4,659 $ 5,555
20 229 $ 2,718 $ 3,130 $ 3,460 $ 3,789 $ 4,283 $ 5,107
230 $ 2,478 $ 2,854 $ 3,154 $ 3,455 $ 3,905 $ 4,656
231 $ 2,237 $ 2,576 $ 2.847 $ 3,118 $ 3,525 $ 4,203
232 $ 1,994 $ 2,296 ' $ 2,538 $ 2,780 $ 3,142 $ 3,746
233 $ 1,750 $ 2,015 $ 2,227 $ 2,439 $ 2,757 $ 3,288
234 $ 1,504 $ 1,732 $ 1,914 $ 2,097 $ 2,370 $ 2,826
235 $ 1,257 $ 1,448 $ 1,600 $ 1,752 $ 1,981 $ 2,362
236 $ 1,009 $ 1,161 $ 1,284 $ 1,406 $ 1,589 $ 1,895
237 $ 759 $ 874 $ 966 $ 1,058 $ 1,195 $ 1,425
238 $ 507 $ 584 $ 646 $ 707 $ 799 $ 953
239 $ 254 $ 293 $ 324 $ 355 $ 401 $ 478
240 $ 0 $ 0 $ (0) $ 0 $ 0 $ Q
467688
Page: 18 of 19
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