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HomeMy WebLinkAboutPEC110011Tom -04t A- YCEvrL0rkJrN7 Planning and Environmental Commisson ACTION FORM Department of Community Development 75 South Frontage Road, Vail, Colorado 81657 tel: 970.479.2139 fax: 970.479.2452 web: www.vailgov.corn Project Name: Tyrolean Unit 7 250 Addition PEC Number: PEC110011 Project Description: Variance to allow for a deck infill to encroach into the rear setback and reduce from the required 20 feet to 13 feet. Participants: OWNER BLACK STALLION HOLDINGS INC 01/26/2011 791 CRANDON BLVD #807 KEY BISCAYNE FL 33149 APPLICANT BLACK STALLION HOLDINGS INC 01/26/2011 791 CRANDON BLVD #807 KEY BISCAYNE FL 33149 Project Address: 400 E MEADOW DR VAIL Location: TYROLEAN CONDOS UNIT 7 Legal Description: Lot: Block: Subdivision: VAIL VILLAGE FILING 1 Parcel Number: 2101- 082 - 5202 -6 Comments: See conditions BOARD /STAFF ACTION Motion By: Kurz Action: APPROVED Second By: Rediker Vote: 6 -0 -1 Pierce recused Date of Approval: 02/28/2011 Conditions: Cond: 8 (PLAN): No changes to these plans may be made without the written consent of Town of Vail staff and /or the appropriate review committee(s). Cond:300 (PLAN): PEC approval shall not be not become valid for 20 days following the date of approval. Cond: CON0011790 Approval of this variance is contingent upon the applicants obtaining Town of Vail design review approval for this proposal. Cond: CON0011791 Prior to the issuance of a building permit, the applicant shall mitigate the impacts on employee housing resulting from the construction of 250 square feet of new gross residential floor area in accordance with the provisions of Chapter 12 -24, Inclusionary Zoning. Planner: Bill Gibson PEC Fee Paid: $500.00 MEMORANDUM TO: Planning and Environmental Commission FROM: Community Development Department DATE: February 28, 2011 SUBJECT: A request for the review of a variance from Section 12 -6H -6, Setbacks, Vail Town Code, pursuant to Chapter 12 -17, Variances, Vail Town Code, to allow for an addition within the setback, located at 400 East Meadow Drive, Unit 7 (Tyrolean Inn) /Part of Tract B, Block 5, Vail Village Filing 1, and setting forth details in regard thereto. (PEC110011) Applicant: Black Stallion Holdings, represented by Pierce Architects Planner: Bill Gibson SUMMARY The applicant, Black Stallion Holdings, represented by Pierce Architects, is requesting a setback variance to allow for an addition into the side setback area at Tyrolean Inn, Unit 7. Based upon Staff's review of the criteria outlined in Section VII of this memorandum and the evidence and testimony presented, the Community Development Department recommends approval, with conditions, of this application, subject to the findings noted in Section VIII of this memorandum. A vicinity map (Attachment A), photographs (Attachment B), the applicants' request (Attachment C), and proposed architectural plans (Attachment D) are attached for review. II. DESCRIPTION OF REQUEST The applicant, Black Stallion Holdings, represented by Pierce Architects, are requesting a variance to facilitate the construction of an addition to infill a portion of the existing balconies 7 feet into the 20 foot setback area on Unit 7, Tyrolean Condominiums. The existing Tyrolean Condominiums are legally non - conforming in regard to the density (GRFA) and setback standards of the High Density Multiple - Family District. Since the Tyrolean Condominiums are legally non - conforming in terms of density, the applicants are utilizing the "250 Ordinance" additional GRFA (gross residential floor area) provision of the Vail Town Code to facilitate this addition. The subject property, Unit 7, is located on the upper levels of the Tyrolean Condominium building with exterior walls on the west, south, and east elevations. The applicant is proposing two additions that will infill portions of the existing Unit 7 balconies. The southern addition adds 87 sq.ft. of floor area to the existing master bedroom bath and closet by infilling portions of the existing south balcony. This addition also includes the construction of a new south facing dormer associated with an "interior conversion" of existing vaulted space. The southern proposed addition complies with the High Density Multiple - Family District side setback requirements and does not require a setback variance. The proposed Unit 7 east addition adds 95 sq.ft. to the existing main level kitchen and living room and adds 68 sq.ft. to the loft directly above. This addition will infill a portion of the existing balcony on the east elevation of Unit 7. The existing Unit 7 already encroaches approximately two feet into the 20 foot High Density Multiple - Family District rear setback area. The proposed main floor kitchen and living room addition and loft addition above will reduce the Unit 7 rear setback from 18 feet to 13 feet. This proposed addition to Unit 7 encroaches less into the rear setback area than the existing garage level below. The partially below -grade garage level of the Tyrolean Condominiums is located within two feet of the eastern property boundary. Since both proposed additions are located above existing lower levels of the Tyrolean Condominium building, there is no change to the existing site coverage or landscape area calculations associated with this proposal. BACKGROUND The subject property was part of the Original Town of Vail that was established in 1966 In 1968, the Blue Cow Restaurant was constructed on the southern portion of the subject property. In 1980, the Tyrolean Condominiums were constructed (within the south and east setbacks) and attached to the existing "Blue Cow" restaurant structure. On May 10, 2004 a variance was granted to allow the floor area of the former restaurant to be converted into gross residential floor area (GRFA). On July 26, 2004 a setback variance was granted to allow for exterior alterations to Unit 9. On May 9, 2005 a setback variance was granted for a balcony infill 250 addition to Unit 6. On May 9, 2005 design review approval was granted for "interior conversion" additions to the subject Unit 7. On January 2, 2007 setback variances were granted for balcony infill 250 additions to Units 3, 5, and 8. IV. APPLICABLE PLANNING DOCUMENTS Town of Vail Land Use Plan (in part) CHAPTER II, LAND USE PLAN GOALS / POLICIES (in part) 1. General Growth /Development (in part) 1.12 Vail should accommodate most of the additional growth in existing developed areas (infill areas). 5. Residential (in part) 5.1 Additional residential growth should continue to occur primarily in existing, platted areas and as appropriate in new areas where high hazards do not exist. Vail Village Master Plan (in part) GOAL 1. Encourage high quality, redevelopment while preserving unique architectural scale of the village in order to sustain its sense of community and identity. Objective 1.1. Implement a consistent development review process to reinforce the character of the Village. Objective 1.2: Encourage the upgrading and redevelopment of residential and commercial facilities. Objective 1.4: Recognize the "historic" importance of the architecture, structures, landmarks, plazas and features in preserving the character of Vail Village. Policy 1.4.1: The historical importance of structures, landmarks, plazas and other similar features shall be taken into consideration in the development review process. Policy 1.4.2: The Town may grant flexibility in the interpretation and implementation of its regulations and design guidelines to help protect and maintain the existing character of Vail Village. Policy 1.4.3: Identification of "historic" importance shall not be used as the sole means of preventing or prohibiting development in Vail Village. Title 12, Zoning Regulations, Vail Town Code (in part) ARTICLE 12 -6H: HIGH DENSITY MULTIPLE FAMILY DISTRICT (in part) 12 -6H -1: Purpose: The high density multiple- family district is intended to provide sites for multiple - family dwellings at densities to a maximum of twenty five (25) dwelling units per acre, together with such public and semipublic facilities and lodges, private recreation facilities and related visitor oriented uses as may appropriately be located in the same zone district. The high density multiple - family district is intended to ensure adequate light, air, open space, and other amenities commensurate with high density apartment, condominium and lodge uses, and to maintain the desirable residential and resort qualities of the zone district by establishing appropriate site development standards. Certain nonresidential uses are permitted as conditional uses, which relate to the nature of Vail as a winter and summer recreation and vacation community and, where permitted, are intended to blend harmoniously with the residential character of the zone district. 12 -6H -6: Setbacks: The minimum front setback shall be twenty feet (20), the minimum side setback shall be twenty feet (20), and the minimum rear setback shall be twenty feet (20). V CHAPTER 12 -15: GROSS RESIDENTIAL FLOOR AREA (in part) 12 -15 -5: Additional Gross Residential Floor Area (250 ordinance): A. Purpose: The purpose of this section is to provide an inducement for the upgrading of existing dwelling units which have been in existence within the town for a period of at least five (5) years by permitting the addition of up to two hundred fifty (250) square feet of gross residential floor area (GRFA) to such dwelling units, provided the criteria set forth in this section are met. This section does not assure each single - family or two - family dwelling unit located within the town an additional two hundred fifty (250) square feet, and proposals for any additions hereunder shall be reviewed closely with respect to site planning, impact on adjacent properties, and applicable town development standards. The two hundred fifty (250) square feet of additional gross residential floor area may be granted to existing single- family dwellings, existing two - family and existing multi - family dwelling units only once, but may be requested and granted in more than one increment of less than two hundred fifty (250) square feet. Upgrading of an existing dwelling unit under this section shall include additions thereto or renovations thereof, but a demo /rebuild shall not be included as being eligible for additional gross residential floor area. CHAPTER 12 -17: VARIANCES (in part) 12 -17 -1: Purpose: A. Reasons for Seeking Variance: In order to prevent or to lessen such practical difficulties and unnecessary physical hardships inconsistent with the objectives of this title as would result from strict or literal interpretation and enforcement, variances from certain regulations may be granted. A practical difficulty or unnecessary physical hardship may result from the size, shape, or dimensions of a site or the location of existing structures thereon; from topographic or physical conditions on the site or in the immediate vicinity; or from other physical limitations, street locations or conditions in the immediate vicinity. Cost or inconvenience to the applicant of strict or literal compliance with a regulation shall not be a reason for granting a variance. SITE ANALYSIS Address: Legal Description: Zoning: Land Use Plan Designation: Current Land Use: Development Site Size: Hazards: Development Standard Density, building (max): Setbacks, building (min): Front (west): Rear (east): Side (north): 400 East Meadow Drive, Unit 7 Part of Tract B, Block 5, Vail Village Filing High Density Multiple - Family District Village Master Plan High Density Residential 16,039 sq. ft. (0.368 acres) None Allowed /Required Existi[Ig Proposed 9 DUs 9 DUs no change 20 ft. 1 ft. no change 20 ft. 2 ft. no change* 20 ft. 15 ft. no change 4 VI Side (south): 20 ft. 6 ft. no change Setbacks, Unit 7 (min) Front (west): 20 ft. 28 ft. no change Rear (east): 20 ft. 18 ft. 13 ft.* Side (north): 20 ft. 63 ft. ** no change Side (south): 20 ft. 52 ft. 49 ft. Height, Unit 7 (max): 48 ft. 48 ft. 44 ft. GRFA, building (max): 12,190 sq.ft. 15,725 sq.ft. no change GRFA, Unit 7 (max): "250 Ordinance" 0 250 of 250 Site Coverage, building (max): 55% 57% no change (8,821 sq.ft.) (9,078 sq.ft.) Landscape Area, building (min): 30% 43% no change (4,812 sq.ft.) (6,981 sq.ft.) Parking, total (min): 19 spaces 23 spaces no change *Lower levels of the existing building are closer to the property lines than the proposed addition. * *The existing north side of Unit 7 is located interior to the building. SURROUNDING LAND USES AND ZONING VII. REVIEW CRITERIA Zoning N/A Natural Area Preservation District High Density Multiple - Family District General Use District The review criteria for a variance request are prescribed in Chapter 12 -17, Variances, Vail Town Code. 1. The relationship of the requested variance to other existing or potential uses and structures in the vicinity. The eastern portion of Unit 7 currently encroaches approximately two feet into the 20 foot High Density Multiple - Family District rear setback area. The proposed main floor kitchen and living room addition and loft addition above will reduce the Unit 7 rear setback from 18 feet to 13 feet. However, this proposed addition to Unit 7 encroaches less into the rear setback than the existing garage level below. The garage level of the Tyrolean Condominiums is located within two feet of the eastern property boundary. The existing Tyrolean Condominium building has painted stucco walls with solid wood siding balcony railings and solid wood siding "screen" or "mask" walls which create the perception of building bulk and mass. The proposed eastern deck infill addition to Unit 7 5 Current Land Use North: 1 -70 /Hwy. 6 Right -of -Way South: Gore Creek Stream Tract East: Multiple - Family Residential West: Public Parking Structure VII. REVIEW CRITERIA Zoning N/A Natural Area Preservation District High Density Multiple - Family District General Use District The review criteria for a variance request are prescribed in Chapter 12 -17, Variances, Vail Town Code. 1. The relationship of the requested variance to other existing or potential uses and structures in the vicinity. The eastern portion of Unit 7 currently encroaches approximately two feet into the 20 foot High Density Multiple - Family District rear setback area. The proposed main floor kitchen and living room addition and loft addition above will reduce the Unit 7 rear setback from 18 feet to 13 feet. However, this proposed addition to Unit 7 encroaches less into the rear setback than the existing garage level below. The garage level of the Tyrolean Condominiums is located within two feet of the eastern property boundary. The existing Tyrolean Condominium building has painted stucco walls with solid wood siding balcony railings and solid wood siding "screen" or "mask" walls which create the perception of building bulk and mass. The proposed eastern deck infill addition to Unit 7 5 will be no closer to the eastern property boundary than the existing solid rail balcony and "screen" or "mask" walls eastern balcony which are already perceived as bulk and mass. In 2005, the adjacent Unit 6 of the Tyrolean Condominiums was granted a setback variance to construct a similar main level and loft additions on the east elevation of the building. This now constructed Unit 6 addition infilled the eastern balcony directly north of Unit 7. The subject Unit 7 eastern addition will encroach no further into the rear setback area than the constructed Unit 6 addition. The Vail Mountain View Residences is located east of the Tyrolean Condominiums and is the neighboring property most directly affected by this proposal. Given the various existing encroachments of the Tyrolean Condominiums into the eastern setback and the presence to the existing screen or mask walls on the eastern fagade of the building, Staff believes the visual impact of this proposal to the neighboring property will be minimal in comparison to existing conditions. Therefore, Staff finds this proposal will not negatively affect the other existing or potential uses and structures in the vicinity in comparison to existing conditions. 2. The degree to which relief from the strict and literal interpretation and enforcement of a specified regulation is necessary to achieve compatibility and uniformity of treatment among sites in the vicinity or to attain the objectives of this title without a grant of special privilege. The Town of Vail has granted setback variance to Units 3, 5, 6, 8, and 9 to facilitate additions and renovations to these units. The subject setback variance proposal will allow the applicant the ability to expand their unit in a similar manner to other units in the Tyrolean Condominiums. The applicant's proposed eastern addition will encroach no further into the rear setback area than the adjacent, constructed Unit 6 addition which has 13 foot setback from the property boundary. Staff believes the proposed variance is consistent with the goals and purposes of the Town of Vail Land Use Plan, Vail Village Master Plan, and the High Density Multiple - Family District identified in Section IV of this memorandum. Therefore, Staff finds the proposed relief from the setback regulations is necessary to achieve compatibility and uniformity of treatment among sites in the vicinity and to attain the objectives of this title without a grant of special privilege. 3. The effect of the requested variance on light and air, distribution of population, transportation and traffic facilities, public facilities and utilities, and public safety. The proposed variance will facilitate an addition in the rear setback area that will not alter population; will not increase the required number of parking spaces; will not affect any existing transportation or traffic facilities, public facilities, or utilities; and will not affect public safety in comparison to existing conditions. Therefore, Staff finds the proposed variance conforms to this criterion. 4. Such other factors and criteria as the commission deems applicable to the proposed variance. Con VIII. STAFF RECOMMENDATION The Community Development Department recommends approval, with conditions, of a variance from Section 12 -6H -6, Setbacks, Vail Town Code, pursuant to Chapter 12 -17, Variances, Vail Town Code, to allow for an addition within the setback, located at 400 East Meadow Drive, Unit 7 (Tyrolean Inn) /Part of Tract B, Block 5, Vail Village Filing 1, and setting forth details in regard thereto. This recommendation is based upon the review of the criteria outlined in Section VII of this memorandum and the evidence and testimony presented. Should the Planning and Environmental Commission choose to approve this variance request, the Community Development Department recommends the Commission pass the following motion: "The Planning and Environmental Commission approves the applicants' request for a variance from Section 12 -6H -6, Setbacks, Vail Town Code, pursuant to Chapter 12 -17, Variances, Vail Town Code, to allow for an addition within the setback, located at 400 East Meadow Drive, Unit 7 (Tyrolean Inn) /Part of Tract B, Block 5, Vail Village Filing 1, and setting forth details in regard thereto." Should the Planning and Environmental Commission choose to approve this variance request, the Community Development Department recommends the Commission applies the following conditions: "I. Approval of this variance is contingent upon the applicants obtaining Town of Vail design review approval for this proposal. 2. Prior to the issuance of a building permit, the applicant shall mitigate the impacts on employee housing resulting from the construction of 250 square feet of new gross residential floor area in accordance with the provisions of Chapter 12 -24, Inclusionary Zoning. " Should the Planning and Environmental Commission choose to approve this variance request, the Community Development Department recommends the Commission makes the following findings: 'Based upon a review of Section Vll of the February 28, 2011 staff memorandum to the Planning and Environmental Commission, and the evidence and testimony presented, the Planning and Environmental Commission finds: 1. The granting of this variance will not constitute a granting of special privilege inconsistent with the limitations on other properties classified in the High Density Multiple- Family District. 2. The granting of this variance will not be detrimental to the public health, safety, or welfare, or materially injurious to properties or improvements in the vicinity. 3. This variance is warranted for the following reasons. a. The strict literal interpretation or enforcement of the specified 7 U regulation will result in practical hardship inconsistent with the Regulations, Vail Town Code. difficulty or unnecessary physical objectives of Title 12, Zoning b. There are exceptions or extraordinary circumstances or conditions applicable to the same site of the variance that do not apply generally to other properties in the High Density Multiple- Family District. c. The strict or literal interpretation and enforcement of the specified regulation would deprive the applicant of privileges enjoyed by the owners of other properties in the High Density Multiple - Family District." ATTACHMENTS A. Vicinity Map B. Photographs C. Applicants' Request D. Architectural Plans Variance Request - Setbacks Part of Tract BY Block 5, Vail Village Filing I (400 East Meadow Drive, Unit 7 - Tyrolean Inn) Subject Property ]Feet 100 'mwj Ftblmn/ Nk N, 0 m z —i 9 ATTACHMENT B 10 12 '-ti ATTACHMENT C PIERCE ARCHITECTS VAIL. CotosADO January 24, 2011 To: Planning and Environmental Commission Tyrolean Condominiums Unit 7 Tyrolean Condominiums, l,ot 5D Vail Village I" Filling Request for Setback Variance Purpose: Pierce Architects on behalf of the owner is requesting a variance from the required setback standard in the High Density Multiple Family (HDMF) zoning district from 20' (side setback minimum) to 15' -5" to utilize the 250 square foot addition permitted for dwelling units in HDMF zone district. Details of Proposal: There are two additions being proposed, one to the south that has no impact on setback and one to the east that encroaches into the 20' side setback. Back round. - In 1968, the Blue Cow Restaurant was constructed on the southern portion of the subject property. - In 1969, the property was zoned High Density Multiple Family (HDMF) which allowed restaurants as an accessory use with in a multiple- family building. - In 1973, the Town of Vail re- adopted the zoning regulations (Ordinance No. 8, 1973) and removed restaurants as an accessory use in the HDMF zone district, thereby making the Tyrolean Restaurant (the Blue Cow Restaurant) a nonconforming use. - In 1980, the Tyrolean Condominiums were constructed and attached to the existing "Blue Cow" restaurant structure. The subject property currently contains 8 individual dwelling units, the Tyrolean Restaurant, which includes two additional dwelling units, 20 enclosed parking spaces and three surface parking spaces. - On May 10, 2004, a variance was approved, with one condition, to allow the floor area that was once the Tyrolean Restaurant to be converted into gross residential floor area (GRFA). - On July 26, 2004, a setback variance was granted for Unit 9 to allow for construction of a minor exterior alteration. 16 FRITZLEN PIERCE ARCHITECTS VAII., COtO MDO - On May 9, 2005, a setback variance and site coverage variance was granted for Unit 6 to allow for the construction of a residential addition within the side setback. - On May 9, 2005, a setback variance was granted for Unit 7 to allow for the construction of a residential addition within the side setback. Upon completion, the building was non - conforming with respect to site coverage, setbacks and exterior lighting. This pre - existing nonconforming condition through no fault of the applicant(s) is a hardship based on the strict interpretation of the code. Approval Criteria: 1. Describe the precise nature of iheproposed use and measures proposed to mike the use compatible with other properties in the vicinity. The proposed use is an expansion on an existing Tyrolean unit (Unit 7) of 250 square feet by enclosing existing decks. Other properties in the vicinity have completed similar expansions (see "Background" above). 2. The relationship and impact of the use on development objectives of the Town. The requested variance for Unit 7 is similar to variances granted in this area, The proposed variances will allow these units to be treated similarly to other units in this property as well as other properties in the vicinity. The proposed variance is not a grant of special privilege given the existing non- conformance of the site and the hardship it causes through no fault of the applicant(s). 3. The effect of the use on light and air, distribution ofpopulation, tronsporration facilities, utilities, schools, parks and recreationfacilides, and other public,facilities and public facilities needs. The proposed variance will have no negative impacts to these issues. $. The iffe i upon traffic, with particular reference to congestion, automotive and pedestrian .safety and convenience, trq* flow and control, access, maneuverability, and removal of snow from the streets and parking area. The proposed variance will have no negative impacts to these issues. 5. The c ,Teci upon the character of the area in which the proposed use is to be located, including the scale and bulk of the proposed use in relation to surrounding uses. The additions will be in direct relation and accordance with the overall design of the existing Tyrolean building. The scale of the additions is in accordance and harmony with the overall building as well as other additions to the property. The proposed design conforms to the overall design as well as brings architectural enhancements to the building while retaining the existing charm. All materials and forms fit with the current architecture represented on the site. The proposed use is in accordance with the underlying zone district — High Density Multiple Family as well as the surrounding buildings. 17 STANDARD ABBREVIATIONS ISTRA�TI_V- E,,I.N,..�oren� riOM00 INb CODE 511MIHARY ]OOb iDG ]00•IML aoo•I nc aooE ecc °ren HFIA I! Y erti Hrr. ra 9IN!•v�"`��� HOM SCtQ3Q�� • 'W�� rO�f ]bah pr f ]br6 X faro x HfvV pROJEOT DIRECTORY Qom; aw9: sr..LLwH HoL �I`leo� I,cCIYODIlL�r�vl. FL !!IN X { 1. PILL rIEFGC. IM1IH�II�'I' IH CH•HbC IIEwf AwDTDGR»O�D. GI Iv^O FL0.0V,� DIbl� C, •r0 ��b!'101 pILUVAIV,wHlxc ».con r� e. lees. MISC. ABBREVIATIONS • R� � Ep,RUee roor I IGLU! on w9aro IFO1eRrr u9e 4 iE"w iR uH[ DRAYIIN& OONVENTIONS r w ®•r•�nins ea•wrY E yawn MATERIAL SYMBOLS ( l w,r.•..• •.wu I�RSaam� •,,,e, %% a ,Me TYR0LEAN CONDOMINMNS UNIT 7 IU 51TF LOCATION MAP SWE WW I•CVen rE'rl lwl eHmr.L ewe ]K�jgve 91[- kfIINrC 1 ' Z =_ M YI Q 3� om o Li I R 1 1•]0 fMre9; C•M i (v9W � • 119901x916 6�i COVER SHEET AO O O z= M� rl- z �o� Q o F- 0 J I £s s` EL I AND 2O F UNIT 7— PROPOSED poi va• . ro• FLOOR PLANS A20I � � � z� z �*� ! _j O/ wai � e w I � /\ k � \ ROOF �^ ��`' ^0 A202 SOUTH ELEVATION A901 114' • V - O' I'M •E-0 � I!lv2+1 ]. s.lw�lii�l Ip9V/.1C! 1 z pQ SI Z ;'- <m J =o 0w; W 7 I I 1t 11� EXTERIOR ELEVATIONS A301 t Fl- z= � LL Z ion 3b pm J ig � o w f'— Mull EXISTING EAST ELEVATION A903 VW • I' - O' K -17y 7 EXTERIOR CLEVATIONS A302 UNIT 7 UNIT 6 rl- r. W� Q3u im J �o 0:- cy °q � L1j f— f f� k� EXTERIOR PROPOSED EAST ELEVATION ELEVATIONS A903 V4", I' - o' A30S fl- Lo < Z IF J 0 o (ZSEG-TION SEGTIDN A! V4' • V - 0' 40110E A,cmdln9 to Colorado law ry must commence any legal salon based ups, any dole,, In loin au y *111`1, three years alter you 11,.1 db,onred .o,1` data," In , enq mar o,y scum hoed apm o,y dele,l M tm. e—, be , m Had mma thou tan year. from the dale 1 .erun,aam mown har — AMENDED CONDOMINIUM MAP TYROLEAN CONDOMINIUMS UNITS 3, 59 69 79 AND 8 TRACT B VAIL VILLAGE FIRST FILING - COUNTY OF EAGLE, STATE OF COLORADO SHEET 2 OF 5 INTERSTATE 70 578'4B'00'E w tmun IWT aulney adeuuwn 25.00' 1aa1 13 more R BMLE aY� t a 8 `p �p � a3lKY MWMMTt � s1` aubr lrl r wa owra e,m «e >,r. 1`c ' SET wEl.W l s b w .a :.* A muS 78'48 a= g P fas' b • H a.1`lx Uu 1l Ma aUru M A U*W aum a M u ca nsmna le sw �• E 70.00' ncc Tl MalryEl, 1 �t= od A n ^� 0.3682 ACRES TRACT B �• +� VAIL VILLAGE FIFTH FILING 3 STORY " m WOOD FRAME q y STRUCTURE g,S TRACT D wTN a' VAIL VILLAGE FIFTH FILING '.1 r UNDERGROUND B PARKING E __ M wM3P L---I- 1 7M 1.6' u.WeaN w d Ai bEeul V SIaM J (1`a e6 KIIMNUI CN W i• paeaa u oboe TRACT A VAIL VILLAGE FIFTH FILING Archibeque Land Consulting, Ltd Professional Land Surveying & Mapping 105 Capitol Stree4 Suite 5 - P.O. Box 3893 Eagle, Colorado 81631 970.328.6020 ORice 970.328.6021 Fax GRAPHIC SCAL *1� Revised: MSS - Oct. 1, 2009 Drajti Revised: TIA - July 2009, Re- Monument AMENDED CONOOMINIUI TYROLEAN CONDO I UNITS 3, s, 6, 1,.- TRACT B VAIL VILLAGE FIRST FILIN PLANNING CHECK SHEET Property Information Property Address 400 East Meadow Drive, Unit 7 Parcel # 210108252026 Legal Description Part of Tract B, Block 5, Vail Villa e Filing Development Site Area Ac 0.368 1 Sq Ft 16,039 Buildable n/a Zoning / SDD # High Density Multiple-Family District Land Use Designation Village Master Plan Known Non - Conformities The Tyrolean Condominiums are legally non - conforming in site coverage and setbacks. Variances for setbacks, site coverage, and GRFA have been granted to various units. This proposal is associated with setback variance request PEC 110011 Previous Approvals n/a Hazard Zones Sections 12 -12, 12 -21, 14 -6 & 14 -7 Snow Avalanche n/a Debris Flow n/a Rockfall n/a Excessive Slopes (Site Disturbance 12- 21 -14) n/a Flood lain n/a Wetlands Y/N n/a Creeks, Streams Section 12 -14 -17 Setback n/a Proposed n/a Sidewalks/ Trails n/a Contact Information Planner/ Date BG 2/18/11 Owner Contact Info (Black Stallion Holdings) Tyrolean, Unit 7 Primary Contact/ Owner Representative Info Pierce Architects, 476 -6342 Project Information Project Description 250 Addition (deck infills) Interior Conversion (new dormer) Land Use Application(s) # DRB 110025 Proposed Uses (As defined by Zoning) Multiple- Family Dwelling Unit Permitted, Conditional, Prohibited? Permitted Date Routed/ DRT Meeting Commercial Floor Area Existing n/a JProposed n/a Gross Residential Floor Area (Ch a ter 15) Total Allowed 250 -Existing n/a -Proposed 250 +Credits n/a Prima n/a -Existing n/a -Proposed n/a +Credits n/a Secondary n/a -Existing n/a -Proposed n/a +Credits n/a Total Remaining 0 Primary Total RemainingRemainin n/a Secondary Total n/a 250 or Interior Conversion? Yes Zonin District Standards Setbacks (perimeter) Projections 14 -10 -4 Front 20 Proposed or Y/N 28 Side 20 & 20 Proposed or Y/N 63/52 Rear 20 Proposed or Y/N 13 Minimum Lot Area/ Width Required 10,000 Proposed or Y/N n/a Site Coverage 55% Allowed 57% existing Proposed n/a Building Height Allowed 45/48 Proposed 44 Landscaping Sections 14 -10 -8 & 14 -10 -9 30% Required 43% existing Proposed n/a Plant size 6', 2 ", 5 gal. Proposed n/a Fences n/a Proposed n/a Retaining Walls Sec. 14 -6 -7 Height Allowed 6 Proposed n/a Setback 2 Proposed n/a Driveway Sections 14 -3 -1 & 14 -3 -2 Max Curb -cuts 24'/48' Proposed n/a Max Sloe 10 %/12% Proposed n/a Min Width 12' min Proposed n/a Heated Y/N n/a Drive Material n/a Snow Storage % n/a Proposed n/a Parking Sections 12 -10 & 14 -5 Spaces Required 19 Proposed n/a Loading n/a Proposed n/a Lighting Section 14 -10 -7 Allowed n/a Proposed n/a Waste Management Section 5 -9 Wildlife Proof / Resistant n/a Screened n/a Screening Sections 14 -10 -9 & 14 -10 -10 Required n/a Proposed n/a Roof Material Sections 12 -11 -3C & 14 -10 -5 Complies Y/N Y Building Separation Section 14 -10 -6 Complies Y/N n/a Adopted View Corridors Complies Y/N n/a Utilities (Location, easements) Section 14 -10 -10 n/a Grading (Less than 2:1) Section 14 -6 n/a Development Impact Fees / Mitigation Employee Housing Per 12 -24, Inclusionary Zoning Traffic Impact n/a Art In Public Places n/a Notes VI. ��� oSbo2�j S�S�os 3. That the variance is warranted for one or more of the following reasons: a. The strict or literal interpretation and enforcement of the specified regulation vtould result in practical difficulty or unnecessary physical hardship inconsistent vvth the objectives of this title. b. There are exceptional or extraordinary circumstances or conditions applicable to the site of the variance that do not apply generally to other properties in the sane zone. c. The strict or literal interpretation and enforcerent of the specified regulation v►ould deprive the applicant of privileges enjoyed by the ov►ners of other properties in the same district. SITE ANALYSIS Lot Size: 16,039 square feet /.368 acres Hazards: None Standard Allowed /Required Existin Proposed Setbacks: Front: 20 ft. 16' no change Sides: 20 ft. 1'North /7'South no change* Rear: 20 ft. 2' no change* *(The requested setback variances are well within the area of existing encroachments) Height: 48' 48' no change GRFA: 12,190 sq. ft. *17,001 sq. ft. 17,251 sq. ft. *(Units 1 -5, 8 and 9 were calculated without counting exterior wall thicknesses.) Site Coverage: 55% (8,821sq. ft.) 56% (9,058 sq. ft.) 56.6% (9078.8 sq. ft.) Density: 9 DUs 9 DUs no change Landscape Area: 30% (4,812 sq. ft.) 43% (6,981sq. ft.) no change Parking: 19 spaces 23 spaces no change VII. SURROUNDING LAND USES AND ZONING Land Use Zoning North: CDOT ROW Not Applicable South: Open Space Natural Area Preservation (NAP) East: Residential High Density Multiple Family (HDMF) West: Transportation Center General Use (GU) 5 VI. SITE ANALYSIS Lot Size: 16,03' { Hazards: None Standard Setbacks: Front: Sides: Rear: 5 �9�oS D square feet / .368 acres Allowed /Required Existing Proposed 20 ft. 16' no change 20 ft. 1'North /7'South no change* 20 ft. 2' no change* *(The requested setback variances are well within the area of existing encroachments) Height: 48' 48' no change GRFA: 12,190 sq. ft. *17,001 sq. ft. 17,251 sq. ft. *(Units 1 -5, 8 and 9 were calculated without counting exterior wall thicknesses.) Site Coverage: 55% (8,821 sq. ft.) 56% (9,058 sq. ft.) no change Density: 9 DUs 9 DUs no change Landscape Area: 30% (4,812 sq. ft.) 43% (6,981 sq. ft.) no change Parking: 19 spaces 23 spaces no change VII. SURROUNDING LAND USES AND ZONING Land Use Zoning North: CDOT ROW Not Applicable South: Open Space Natural Area Preservation (NAP) East: Residential High Density Multiple Family (HDMF) West: Transportation Center General Use (GU) Vlll. CRITERIA AND FINDINGS A. 1. The relationship of the requested variance to other existing or potential uses and structures in the vicinity. Staff has determined the requested variance will result in a harmonious relationship between the Tyrolean structure and its one neighboring building as the bulk and mass of the Tyrolean will remain virtually the same. The existent screen or mask walls, as depicted on the existing elevations (Attachment B), create the appearance of bulk, mass and GRFA in the setbacks today, despite the fact those are actually decks. Because the aesthetic value and inherent character of the Tyrolean building do not change with this proposal, nor do any further projections from the exterior occur, this criterion has been deemed to be met. 5 b. There are exceptional or extraordinary cI'rcum site of the variance that do not apply generally to c. The strict or literal interpretation and enforcement of the specified regulation wq4 deprive the applicant of privileges enjoyed by the owners of other properties in the district. VI. SITE ANALYSIS Lot Size: 16,039 square feet /.368 acres Hazards: None Standard Allowed /Required Existing Proposed Setbacks: Open Space East: Residential Front: 20 ft. 54' no change Sides: 20 ft. 1 -2' no change Rear: 20 ft. 4' no change (setbacks not changing as encroachment already exists to same extent) Height: 48' 48' no change GRFA: 5,597 sq. ft. 5,597 sq. ft 5,464 sq. ft. Site Coverage: 55% (8,821sq. ft.) 56% (9,058 sq. ft.) no change Density: 9 DUs 9 DUs no change Landscape Area: 30% (4,812 sq. ft.) 43% (6,981 sq. ft.) no change Parking: 19 spaces 23 spaces no change Surroundinq land uses and Zonin VII. CRITERIA AND FINDINGS Zoning Not Applicable Natural Area Preservation (NAP) High Density Multiple Family (HDMF) General Use (GU) A. Consideration of Factors Regarding the Variances: 1. The relationship of the requested variance to other existing or potential uses and structures in the vicinity. Staff has determined that the requested variance may not result in a harmonious relationship between the modified new residential dwelling unit and the eight other residential condominium units already existent within the structure (Attachment B). While the minor exterior alteration that will be 5 Land Use North: CDOT ROW South: Open Space East: Residential West: Transportation Center VII. CRITERIA AND FINDINGS Zoning Not Applicable Natural Area Preservation (NAP) High Density Multiple Family (HDMF) General Use (GU) A. Consideration of Factors Regarding the Variances: 1. The relationship of the requested variance to other existing or potential uses and structures in the vicinity. Staff has determined that the requested variance may not result in a harmonious relationship between the modified new residential dwelling unit and the eight other residential condominium units already existent within the structure (Attachment B). While the minor exterior alteration that will be 5 aD �J 0. V Q �a ° J ' SITE ANALYSIS (requested deviations have been notated with bold font) Address: 400 East Meadow Drive, Unit #3 Legal Description: Block 5, Vail Village Filing 1 Zoning: High Density Multiple Family Land Use Plan Designation: High Density Residential 4 Current Land Use. High Density Residential Development Site Size: 16,039 sq.ft. (0.368 acres) Hazards: None Development Standard Allowed /Required Existin Proposed Setbacks: Front: 20 ft. 16, no change Sides: 20 ft. 20' (North) 15' (North) Rear: 20 ft. 18.5' (East) 14' (East) Height: 48' 48' no change GRFA: 12,190 sq. ft. 15,725 sq. ft. 15,955 sq. ft. Site Coverage: 55% (max.) 56.6% (9,078 sq. ft.) no change (8,821 sq. ft.) Density:, (max.) max. 9 ) 9 DUs no change Landscape Area: 30% (min.) 43% (6,981 sq. ft.) no change (4,812 sq. ft.) Parking: 19 spaces (min.) 23 spaces no change VII. SURROUNDING LAND USES AND ZONING Land Use Zoning North: CDOT ROW Not Applicable South: Open Space Natural Area Preservation (NAP) East: Residential High Density Multiple Family (HDMF) West: Transportation Center General Use (GU) VIII. CRITERIA AND FINDINGS The review criteria for a request of this nature are established by Chapter 12 -16, Vail Town Code. A. Consideration of Factors Regarding Variances: 1. The relationship of the requested variance to other existing or potential uses and structures in the vicinity. 5 � w L Address: 400 East Meadow Drive, Unit #8 Legal Description: Block 5, Vail Village Filing 1 Zoning: High Density Multiple Family Land Use Plan Designation: High Density Residential Current Land Use: High Density Residential Development Site Size: 16,039 sq.ft. (0.368 acres) Hazards: None Development Standard Allowed /Required Existin Setbacks: Front: 20 ft. 16' Sides: 20 ft. 20' (North) Rear: 20 ft. 18.5' (East) Height: 48' 48' GRFA: 12,190 sq. ft. 16,169 sq. ft. Site Coverage: Density: Landscape Area: Parking: 55% (max.) (8,821sq. ft.) 9 DUs (max.) 30% (min.) (4,812 sq. ft.) 19 spaces (min.) VII. SURROUNDING LAND USES AND ZONING Proposed no change 15' (North) 14' (East) no change 16,350 sq. ft. 56.7% (9,094 sq. ft.) no change 9 DUs no change 43.4% (6,964.5 sq. ft.) no change 23 spaces no change Land Use Zoning North: CDOT ROW Not Applicable South: Open Space Natural Area Preservation (NAP) East: Residential High Density Multiple Family (HDMF) West: Transportation Center General Use (GU) VIII. CRITERIA AND FINDINGS The review criteria for a request of this nature are established by Chapter 12 -16, Vail Town Code. A. Consideration of Factors Re iarding Variances: 1. The relationship of the requested variance to other existing or potential uses and structures in the vicinity. 19 4 t Variance Request Application for Review by the Planning and Environmental Commission General Information: Variances may be granted in order to prevent or to lessen such practical difficulties and un- necessary physical hardships as would result from the strict interpretation and /or enforcement of the zoning regulations inconsistent with the development objectives of the Town of Vail. A practical difficulty or unnecessary physical hardship may result from the size, shape, or dimensions of a site or the location of existing structures thereon; from topographic or physical conditions on the site or in the immediate vicinity; or from other physical limitations, street locations or con - didons in the immediate vicinity. Cost or inconvenience to the applicant of strict or literal compliance with a regulation shall not be a reason for granting a variance. The Vail Town Code can be found on the Town's website at www.vailgov.com The proposed project may also require other permits or applications and /or review by the Design Re- view Board and /or Town Council. Fee: $500 Description of the Request: 1'tb LU N� i✓Iri{ I ilf -'� �� '��rt{ _ Physical Address: C. pi-111--if u ?/,Z 5 7— 7 Parcel Number: '2101 • a 2 S Z G?-Cp (Contact Eagle Co. Assessor at 970- 328 -8640 for parcel no.) Property Owner: a4�. k Mailing Address: A erZ 6e,- Z� U./ _ �,l�frfif�G 621 eL sir ; Phone: J.-. i Owner's Signature: t Primary Contact / O ner Repres tative. Mailing Address: Phone: yam' E -Mail: � Fax: �/ V ICJ/ For Office Use Only: Cash CC: Visa / MC Last 4 CC # . Auth # Check # _ I (Q 5 (g'3 Fee Paid: `J0�. on Meeting Date. Planner: Zoning: Location of the Proposal: Lot: Block: Received From: FR%TtLe-r, iA iTFC-r5 PEC No.:F Project No: Land Use: Subdivision: VgiL,Vi Li a iT FjLuic% 01-Jan-10 12/25/2010 14:33 9704765603 PTARMIGAN MANAGEMENT PAGE 02 0 Tim ITye JOINT PROPERTY OWNER WRITTEN APPROVAL LETTER This form is applicable to all Planning and Environmental Commisslon applicants that share ownership of the sub- ject property. For example, the subject property where construction Is occurring Is a duplex, condominium or multi- tenant building. This form shall be completed by the applicant's neighbor/ joint property owner. In the case of a multiple - family dwelling or multi- tenant building, the authority of the association shall complete this form and mall to: Community Development Department, 75 South Frontage Road, Vail, CO 81657 or fax to 970.479.2452, 1, (print name).`,�D�ti ��A a joint owner, or authority of the association, of property located at qL%:) provide this letter as written approval of the plans dated LZI'1 I to which have been submitted to the Town of Vail Community Development Department for the proposed improvements to be completed at the ad- dress noted above. I understand that the proposed improvements Include: OQ XCLAA- J-11Pt,L i Additionally, please chock the statement below which is most applicable to you: xunderstand that m /nor mod /ticadons maybe made to the plans over the course of the re✓lew process to en- sure compliance with the Town's applicable codes and regulations (Initial here) o I request that all modl lcadons, minor or otherwise, which are made m the plans over the course of the re- view process, be brought to my attenbron by the applicant for addidonal approval before undergoing further re- view by the Town. (Initial hefe) F \cdeAForms lPermils\Planning\PEC1PE VeAsnoe_010110 William F. Pierce, Architect Tyson Deardufl, Director of Architecture Kathy Heslinga, Office Manager January 24, 2011 To: Planning and Environmental Commission Tyrolean Condominiums Unit 7 Tyrolean Condominiums, Lot 5D Vail Village 1St Filling Request for Setback Variance PIERCE ARCHITECTS VAIL, COLORADO Purpose: Pierce Architects on behalf of the owner is requesting a variance from the required setback standard in the High Density Multiple Family (HDMF) zoning district from 20' (side setback minimum) to 15' -5" to utilize the 250 square foot addition permitted for dwelling units in HDMF zone district. Details of Proposal: There are two additions being proposed, one to the south that has no impact on setback and one to the east that encroaches into the 20' side setback. Background. - In 1968, the Blue Cow Restaurant was constructed on the southern portion of the subject property. - In 1969, the property was zoned High Density Multiple Family (HDMF) which allowed restaurants as an accessory use with in a multiple - family building. - In 1973, the Town of Vail re- adopted the zoning regulations (Ordinance No. 8, 1973) and removed restaurants as an accessory use in the HDMF zone district, thereby making the Tyrolean Restaurant (the Blue Cow Restaurant) a nonconforming use. - In 1980, the Tyrolean Condominiums were constructed and attached to the existing "Blue Cow" restaurant structure. The subject property currently contains 8 individual dwelling units, the Tyrolean Restaurant, which includes two additional dwelling units, 20 enclosed parking spaces and three surface parking spaces. - On May 10, 2004, a variance was approved, with one condition, to allow the floor area that was once the Tyrolean Restaurant to be converted into gross residential floor area (GRFA). - On July 26, 2004, a setback variance was granted for Unit 9 to allow for construction of a minor exterior alteration. 1650 Fallridge Road, Suite C -1 Vail, Colorado 81657 P: 970.476.6342 F: 970.476.4901 www. vailarchitects.com FRITZLEN PIERCE ARCHITECTS VAIL, COLORADO - On May 9, 2005, a setback variance and site coverage variance was granted for Unit 6 to allow for the construction of a residential addition within the side setback. - On May 9, 2005, a setback variance was granted for Unit 7 to allow for the construction of a residential addition within the side setback. Upon completion, the building was non - conforming with respect to site coverage, setbacks and exterior lighting. This pre- existing nonconforming condition through no fault of the applicant(s) is a hardship based on the strict interpretation of the code. Approval Criteria: 1. Describe the precise nature of the proposed use and measures proposed to make the use compatible with other properties in the vicinity. The proposed use is an expansion on an existing Tyrolean unit (Unit 7) of 250 square feet by enclosing existing decks. Other properties in the vicinity have completed similar expansions (see "Background" above). 2. The relationship and impact of the use on development objectives of the Town. The requested variance for Unit 7 is similar to variances granted in this area. The proposed variances will allow these units to be treated similarly to other units in this property as well as other properties in the vicinity. The proposed variance is not a grant of special privilege given the existing non- conformance of the site and the hardship it causes through no fault of the applicant(s). 3. The effect of the use on light and air, distribution ofpopulation, transportation facilities, utilities, schools, parks and recreation facilities, and other public facilities and public facilities needs. The proposed variance will have no negative impacts to these issues. 4. The effect upon traffic, with particular reference to congestion, automotive and pedestrian safety and convenience, traffic flow and control, access, maneuverability, and removal of snow from the streets and parking area. The proposed variance will have no negative impacts to these issues. 5. The effect upon the character of the area in which the proposed use is to be located, including the scale and bulk of the proposed use in relation to surrounding uses. The additions will be in direct relation and accordance with the overall design of the existing Tyrolean building. The scale of the additions is in accordance and harmony with the overall building as well as other additions to the property. The proposed design conforms to the overall design as well as brings architectural enhancements to the building while retaining the existing charm. All materials and forms fit with the current architecture represented on the site. The proposed use is in accordance with the underlying zone district — High Density Multiple Family as well as the surrounding buildings. 1650 Fallridge Road, Suite C -1 Vail, Colorado 81657 P: 970.476.6342 F: 970.476.4901 www.vailarchitects.com Land Title Guarantee Company Date: January 24, 2011 BLACK STALLION HOLDINGS, INC., A COMPANY INCORPORATED IN THE BRITISH VIRGIN 791 CRANDON BLVD, APT 807 KEY BISCAYNE, FL 33149 Enclosed please find the title insurance policy for your property located at 400 MEADOW DRIVE #7 AKA UNIT 7 TYROLEAN CONDOS VAIL CO 81657 The following endorsements are included in this policy: Deletion of Exceptions 1 -3 Deletion of General Exception 4 Endorsement 130.3 Please review this policy in its entirety. In the event that you find any discrepancy, or if you have any questions regarding your final title policy, you may contact Title Department Phone: 970-476-2251 Fax:970- 476 -4732 Please refer to our Order No. V50027940 Should you decide to sell the property described in this policy, or if you are required to purchase a new title commitment for mortgage purposes, you may be entitled to a credit toward future title insurance premiums. Land Title Guarantee Company will retain a copy of this policy so we will be able to provide future products and services to you quickly and efficiently. Thank you for giving us the opportunity to serve you. Sincerely, Land Title Guarantee Company Owner's Policy of Title Insurance ISSUED BY First American Title Insurance Company ANY NOTICE OF CLAIM AND ANY OTHER NOTICE OR STATEMENT IN WRITING REQUIRED TO BE GIVEN TO THE COMPANY UNDER THIS POLICY MUST BE GIVEN TO THE COMPANY AT THE ADDRESS SHOWN IN SECTION 18 OF THE CONDITIONS. COVERED RISKS SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B AND THE CONDITIONS, FIRST AMERICAN TITLE INSURANCE COMPANY, a California corporation (the "Company') insures, as of Date of Policy and, to the extent stated in Covered Risks 9 and 10, after Date of Policy, against loss of damage, not exceeding the Amount of Insurance, sustained or incurred by the Insured by reason of: 1. Tide being vested other than as stated in Schedule A. 2. Any defect in or lien or encumbrance on the title; This covered Risk includes but is not limited to insurance against loss from (a) A defect in the Tide caused by (i) forgery, fraud, undue influence, duress, incompetency, incapacity, or impersonation; (ii) failure of any person or Entity to have authorized a transfer or conveyance; (m) a document affecting Title not properly created, executed, witnessed, sealed, acknowledged, notarized, or delivered; (iv) failure to perform those acts necessary to create a document by electronic means authorized by law; (v) a document executed under a falsified, expired, or otherwise invalid power of attorney; (vi) a document not properly filed, recorded, or indexed in the Public Records including failure to perform those acts by electronic means authorized by law; or (vii) a defective judicial or administrative proceeding. (b) The lien of real estate taxes or assessments imposed on the Title by a governmental authority due or payable, but unpaid. (c) Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that would be disclosed by an accurate and complete land survey of the Land. The term "encroachment" includes encroachments of existing improvements located on the Land onto adjoining land, and encroachments onto the Land of existing improvements located on adjoining land. 3. Unmarketable Title. 4. No right of access to and from the Land. 5. The violation or enforcement of any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) restricting, regulating, prohibiting, or relating to (a) the occupancy, use or enjoyment of the Land; (b) the character, dimensions, or location of any improvement erected on the Land; (c) the subdivision of land; or (d) environmental protection if a notice, describing any part of the Land, is recorded in the Public Records setting forth the violation or intention to enforce, but only to the extent of the violation or enforcement referred to in that notice. 6. An enforcement action based on the exercise of a governmental police power not covered by Covered Risk 5 if a notice of the enforcement action, describing any part of the Land, is recorded in the Public Records, but only to the extent of the enforcement referred to in that notice. 7. The exercise of the rights of eminent domain if a notice of the exercise, describing any part of the Land, is recorded in the Public Records. B. Any taking by a governmental body that has occurred and is binding on the rights of a purchaser for value without Knowledge. 9. Title being vested other than as stated in Schedule A or being defective (a) as a result of the avoidance in whole or in part, or from a court order providing an alternative remedy, of a transfer of all or any part of the title to or any interest in the Land occurring prior to the transaction vesting Title as shown in Schedule A because that prior transfer constituted a fraudulent or preferential transfer under federal bankruptcy, state insolvency, or similar creditors' rights laws; or (b) because the instrument of transfer vesting Tide as shown in Schedule A constitutes a preferential transfer under federal bankruptcy, state insolvency, or similar creditors' rights laws by reason of the failure of its recording in the Public Records (i) to be timely, or (ii) to impart notice of its existence to a purchaser for value or to a judgment or lien creditor. 10. Any defect in or lien or encumbrance on the Title or other matter included in Covered Risks 1 through 9 that has been created or attached or has been filed or recorded in the Public Records subsequent to Date of Policy and prior to the recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A. The Company will also pay the costs, attorneys' fees, and expenses incurred in defense of any matter insured against by this Policy, but only to the extent provided in the Conditions. Issued through the Office of: Land Tide Guarantee Company 610 WEST LIONSHEAD CIRCLE #200 VAIL, CO 81657 970 - 476-2251 A zed Sign Lure AO.FA.06 (ALTA 06- 17 -06) Cover Page 1 of 5 FIRST AMERICAN TITLE INSURANCE COMPANY AMERICAN LAND TITLE ASSOCIATION EXCLUSIONS FROM COVERAGE The following matters are expressly excluded from the coverage of this policy, and the Company will not pay loss or damage, costs, attorneys' fees, or expenses that arise by reason of: 1. (a) Any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) restricting, regulating, prohibiting or relating to () the occupancy, use, or enjoyment of the Land; (ii) the character, dimensions, or location of any improvement erected on the Land; (iii) the subdivision of land; or (iv) environmental protection; or the effect of any violation of these laws, ordinances, or governmental regulations. This Exclusion 1(a) does not modify or limit the coverage provided under Covered Risk 5. (b) Any governmental police power. This Exclusion 1(b) does not modify or limit the coverage provided under Covered Risk 6. 2. Rights of eminent domain. This Exclusion does not modify or limit the coverage provided under Covered Risk 7 or 8. 3. Defects, liens, encumbrances, adverse claims, or other matters (a) created, suffered, assumed, or agreed to by the Insured Claimant; (b) not Known to the Company, not recorded in the Public Records at Date of Policy, but Known to the Insured Claimant and not disclosed in writing to the Company by the Insured Claimant prior to the date the Insured Claimant became an Insured under this policy; (c) resulting in no loss or damage to the Insured Claimant; (d) attaching or created subsequent to Date of Policy (however, this does not modify or limit the coverage provided under Covered Risk 9 and 10); or (e) resulting in loss or damage that would not have been sustained if the Insured Claimant had paid value for the Title. 4. Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors' rights laws, that the transaction vesting the Title as shown in Schedule A, is (a) a fraudulent conveyance or fraudulent transfer; or (b) a preferential transfer for any reason not stated in Covered Risk 9 of this policy. 5. Any lien on the Title for real estate taxes or assessments imposed by governmental authority and created or attaching between Date of Policy and the date of recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A. CONDITIONS 1. DEFINITION OF TERMS The following terms when used in this policy mean: (a) "Amount of Insurance ": The amount stated in Schedule A, as may be increased or decreased by endorsement to this policy, increased by Section 8(b) or decreased by Sections 10 and 11 of these Conditions. (b) "Date of Policy ": The date designated as "Date of Policy" in Schedule A. (c) "Entity ": A corporation, partnership, trust, limited liability company, or other similar legal entity. (d) "Insured ": The Insured named in Schedule A. () The term "Insured" also includes (A) successors to the Title of the Insured by operation of law as distinguished from purchase, including heirs, devisees, survivors, personal representatives, or next of kin; (B) successors to an Insured by dissolution, merger, consolidation, distribution, or reorganization; (C) successors to an Insured by its conversion to another kind of Entity; (D) a grantee of an Insured under a deed delivered without payment of actual valuable consideration conveying the Title (1) if the stock, shares, memberships, or other equity interests of the grantee are wholly -owned by the named Insured. (2) if the grantee wholly owns the named Insured, (3) if the grantee is wholly -owned by an affiliated Entity of the named Insured, provided the affiliated Entity and the named Insured are both wholly -owned by the same person or Entity, or (4) if the grantee is a trustee or beneficiary of a trust created by a written instrument established by the Insured named in Schedule A for estate planning purposes. (ii) With regard to (A), (B), (C), and (D) reserving, however, all rights and defensed as to any successor that the Company would have had against any predecessorinsured. (e) "Insured Claimant ": An Insured claiming loss or damage. (f) "Knowledge" or "Known ": Actual knowledge, not constructive knowledge or notice that may be imputed to an Insured by reason of the Public Records or any other records that impart contructive notice of matters affecting the Title. (g) "Land ": The land described in Schedule A, and affixed improvements that by law constitute real property. The term "Land" does not include any property beyond the lines of the area described in Schedule A, nor any right, title, interest, estate, or easement in abutting streets, roads, avenue, alleys, lanes, ways, or waterways, but this does not modify or limit the extent that a right of access to and from the Land is insured by this policy. (h) "Mortgage ": Mortgage, deed of trust, trust deed, or other security instrument, including one evidenced by electronic means authorized by law. (i) "Public Records ": Records established under state statutes at Date of Policy for the purpose of imparting constructive notice of matters relating to real property to purchasers for value and without Knowledge. With respect to Covered Risk 5(d), "Public Records" shall also include environmental protection liens filed in the records of the clerk of the United States District Court for the district where the Land is located. (j) "Tide ": The estate or interest described in Schedule A. "Unmarketable Title ": Title affected by an alleged or apparent matter that would permit a prospective purchaser or lessee of the Title or lender on the Title to be released from the obligation to purchase, lease, or lend if there is a contractual condition requiring the delivery of marketable title. 2. CONTINUATION OF INSURANCE The coverage of this policy shall continue in force as of Date of Policy in favor of an Insured, but only so long as the Insured retains an estate or interest in the Land, or holds an obligation secured by a purchase money Mortgage given by a purchaser from the Insured, or only so long as the Insured shall have liability by reason of warranties in any transfer or conveyance of the Title. This policy shall not continue in force in favor of any purchaser from the Insured of either (i) an estate or interest in the Land, or (ii) an obligation secured by a purchase money Mortgage given to the Insured. AO.FA.06.2 Cover Page 2 of 5 3. NOTICE OF CLAIM TO BE GIVEN BY INSURED CLAIMANT The Insured shall notify the Company promptly in writing () in case of any litigation as set forth in Section 5(a) of these Conditions, (ii) in case Knowledge shall come to an Insured hereunder of any claim of title or interest that is adverse to the Title, as insured, and that might cause loss or damage for which the Company may be liable by virtue of this policy, or (ii) if the Title, as insured, is rejected as Unmarketable Title. If the Company is prejudiced by the failure of the Insured Claimant to provide prompt notice, the Company's liability to the Insured Claimant under the policy shall be reduced to the extent of the prejudice. 4. PROOF OF LOSS In the event the Company is unable to determine the amount of loss or damage, the Company may, at its option, require as a condition of payment that the Insured Claimant furnish a signed proof of loss. The proof of loss must describe the defect, lien, encumbrance, or other matter insured against by this policy that consitutes the basis of loss or damage and shall state, to the extent possible, the basis of calculating the amount of the loss or damage. 5. DEFENSE AND PROSECUTION OF ACTIONS (a) Upon written request by the Insured, and subject to the options contained in Section 7 of these Conditions, the Company, at its own cost and without unreasonable delay, shall provide for the defense of an Insured in litigation in which any third party asserts a claim covered by this policy adverse to the Insured. This obligation is limited to only those stated causes of action alleging matters insured against by this policy. The Company shall have the right to select counsel of its choice (subject to the right of the Insured to object for reasonable cause) to represent the Insured as to those stated causes of action. It shall not be liable for and will not pay the fees of any other counsel. The Company will not pay any fees, costs, or expenses incurred by the Insured in the defense of those causes of action that allege matters not insured against by this policy. (b) The Company shall have the right, in addition to the options contained in Section 7 of these Conditions, at its own cost, to institute and prosecute any action or proceeding or to do any other act that in its opinion may be necessary or desireable to establish the Title, as insured, or to prevent or reduce loss or damage to the Insured. The Company may take any appropriate action under the terms of this policy, whether or not it shall be liable to the Insured. The exercise of these rights shall not be an admission of liability or waiver of any provision of this policy. If the Company exercises its rights under this subsection, it must to so diligently. (c) Whenever the Company brings an action or asserts a defense as required or permitted by this policy, the Company may pursue the litigation to a final determination by a court of competent jurisdiction, and it expressly reserves the right, in its sole discretion, to appeal any adverse judgment or order. 6. DUTY OF INSURED CLAIMANT TO COOPERATE (a) In all cases where this policy permits or requires the Company to prosecute or provide for the defense of any action or proceeding and any appeals, the Insured shall secure to the Company the right to so prosecute or provide defense in the action or proceeding, including the right to use, at its option, the name of the Insured for this purpose. Whenever requested by the Company, the Insured, at the Company's expense, shall give the Company all reasonable aid () in securing evidence, obtaining witnesses, prosecuting or defending the action or proceeding, or effecting settlement, and (ii) in any other lawful act that in the opinion of the Company may be necessary or desirable to establish the Title or any other matter as insured. If the Company is prejudiced by the failure of the Insured to furnish the required cooperation, the Company's obligation to the Insured under the policy shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation, with regard to the matter or matters requiring such cooperation. (b) The Company may reasonably require the Insured Claimant to submit to examination under oath by any authorized representative of the Company and to produce for examination, inspection, and copying, at such reasonable times and places as may be designated by the authorized representative of the Company, all records, in whatever medium maintained, including books, ledgers, checks, memoranda, correspondence, reports, e- mails, disks, tapes, and videos whether bearing a date before or after Date of Policy, that reasonably pertain to the loss or damage. Further, if requested by any authorized representative of the Company, the Insured Claimant shall grant its permission, in writing, for any authorized representative of the Company to examine, inspect, and copy all of these records in the custody or control of a third party that reasonably pertain to the loss or damage. All information designated as confidential by the Insured Claimant provided to the Company pursuant to this Section shall not be disclosed to others unless, in the reasonable judgment of the Company, it is necessary in the administration of the claim. Failure of the Insured Claimant to submit for examination under oath produce any reasonably requested information, or grant permission to secure reasonably necessary information from third parties as required in this subsection, unless prohibited by law or governmental regulation, shall terminate any liability of the Company under this policy as to that claim. 7. OPTIONS TO PAY OR OTHERWISE SETTLE CLAIMS; TERMINATION OF LIABILITY In case of a claim under this policy, the Company shall have the following additional options: (a) To Pay or Tender Payment of the Amount of Insurance. To pay or tender payment of the Amount of Insurance under this policy together with any costs, attorneys' fees, and expenses incurred by the Insured Claimant that were authorized by the Company up to the time of payment or tender of payment and that the Company is obligated to pay. Upon the exercise by the Company of this option, all liability and obligations of the Company to the Insured under this policy, other than to make the payment required in the subsection, shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation. (b) To Pay or Otherwise Settle With Parties Other Than the Insured or With the Insured Claimant. (i) To pay or otherwise settle with other parties for or in the name of an Insured Claimant any claim insured against under this policy. In addition, the Company will pay any costs, attorneys' fees, and expenses incurred by the Insured Claimant that were authorized by the Company up to the time of payment and that the Company is obligated to pay; or (n) To pay or otherwise settle with the Insured Claimant the loss or damage provided for under this policy, together with any costs, attorneys' fees, and expensed incurred by the Insured Claimant that were authorized by the Company up to the time of payment and that the Company is obligated to pay. Upon the exercise by the Company of either of the options provided for in subsections (b)() or (), the Company's obligations to the Insured under this policy for the claimed loss or damage, other than the payments required to be made, shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation. 8. DETERMINATION AND EXTENT OF LIABILITY This policy is a contract of indemnity against actual monetary loss or damage sustained or incurred by the Insured Claimant who has suffered loss or damage by reason of matters insured against by this policy. (a) The extent of liability of the Company for loss or damage under this policy shall not exceed the lesser of @ the Amount of Insurance; or (ii) the difference between the value of the Title as insured and the value of the Title subject to the risk insured against by this policy. AO.FA.06.3 Cover Page 3 of 5 (b) If the Company pursues its rights under Section 5 of these Conditions and is unsuccessful in establishing the Title, as insured, () the Amount of Insurance shall be increased by 10 %, and (ii) the Insured Claimant shall have the right to have the loss or damage determined either as of the date the claim was made by the Insured Claimant or as of the date it is settled and paid. (c) In addition to the extent of liability under (a) and (b), the Company will also pay those costs, attorneys' fees, and expenses incurred in accordance with Sections 5 and 7 of these Conditions. 9. LIMITATION OF LIABILITY (a) If the Company establishes the Title, or removes the alleged defect, lien, or encumbrance, or cures the lack of a right of access to or from the Land, or cures the claim of Unmarketable Title, all as insured, in a reasonably diligent manner by any method, including litigation and the completion of any appeals, it shall have fully performed its obligations with respect to that matter and shall not be liable for any loss or damage caused to the Insured. @) In the event of any litigation, including litigation by the Company or with the Company's consent, the Company shall have no liability for loss or damage until there has been a final determination by a court of competent jurisdiction, and disposition of all appeals, adverse to the Title, as insured. (c) The Company shall not be liable for loss or damage to the Insured for liability voluntarily assumed by the Insured in settling any claim or suit without the prior written consent of the Company. 10. REDUCTION OF INSURANCE; REDUCTION OR TERMINATION OF LIABILITY All payments under this policy, except payments made for costs, attorneys' fees, and expenses, shall reduce the Amount of Insurance by the amount of the payment. 11. LIABILITY NONCUMULATIVE The Amount of Insurance shall be reduced by any amount the Company pays under any policy insuring a Mortgage to which exception is taken in Schedule B or to which the Insured has agreed, assumed, or taken subject, or which is executed by an Insured after Date of Policy and which is a charge or lien on the Title, and the amount so paid shall be deemed a payment to the Insured under this policy. 12. PAYMENT OF LOSS When liability and the extent of loss or damage have been definitely fixed in accordance with these Conditions, the payment shall be made within 30 days. 13. RIGHTS OF RECOVERY UPON PAYMENT OR SETTLEMENT (a) Whenever the Company shall have settled and paid a claim under this policy, it shall be subrogated and entitled to the rights of the Insured Claimant in the Title and all other rights and remedies in respect to the claim that the Insured Claimant has against any person or property, to the extent of the amount of any loss, costs, attorneys' fees, and expenses paid by the Company. If requested by the Company, the Insured Claimant shall execute documents to evidence the transfer to the Company of these rights and remedies. The Insured Claimant shall permit the Company to sue, compromise, or settle in the name of the Insured Claimant and to use the name of the Insured Claimant in any transaction or litigation involving these rights and remedies. If a payment on account of a claim does not fully cover the loss of the Insured Claimant, the Company shall defer the exercise of its right to recover until after the Insured Claimant shall have recovered its loss. (b) The Company's right of subrogation includes the rights of the Insured to indemnities, guaranties, other policys of insurance, or bonds, notwithstanding any terms or conditions contained in those instruments that address subrogation rights. 14. ARBITRATION Either the Company or the Insured may demand that the claim or controversy shall be submitted to arbitration pursuant to the Title Insurance Arbitration Rules of the American Land Title Association ( "Rules "). Except as provided in the Rules, there shall be no joinder or consolidation with claims or controversies of other persons, Arbitrable matters may include, but are not limited to, any controversy or claim between the Company and the Insured arising out of or relating to this policy, any service in connection with its issuance or the breach of a policy provision, or to any other controversy or claim arising out of the transaction giving rise to this policy. All arbitrable matters when the Amount of Insurance is $2,000,000 or less shall be arbitrated at the option of either the Company of the Insured. All arbitrable matters when the Amount of Insurance is in excess of $2,000,000 shall be arbitrated only when agreed to by both the Company and the Insured. Arbitration pursuant to this policy and under the Rules shall be binding upon the parties. Judgment upon the award rendered by the Arbitrator(s) may be entered in any court of competent jurisdiction. 15. LIABILITY LIMITED TO THIS POLICY; POLICY ENTIRE CONTRACT (a) This policy together with all endorsements, if any, attached to it by the Company is the entire policy and contract between the Insured and the Company. In interpreting any provision of this policy, this policy shall be construed as a whole. (b) Any claim or loss or damage that arises out of the status of the Title or by any action asserting such claim shall be restricted to this policy. (c) Any amendment of or endorsement to this policy must be in writing and authenticated by an authorized person, or expressly incorporated by Schedule A of this policy. (d) Each endorsement to this policy issued at any time is made a part of this policy and is subject to all of its terms and provisions. Except as the endorsement expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsement, (ii) extend the Date of Policy, of (v) increase the Amount of Insurance. 16. SEVERABILITY In the event any provision of this poicy, in whole or in part, is held invalid or unenforceabe under applicable law, the policy shall be deemed not to include that provision or such part held to be invalid, but all other provisions shall remain in full force and effect. AO.FA.06.4 Cover Page 4 of 5 17. CHOICE OF LAW; FORUM (a) Choice of Law; The Insured acknowledges the Company has underwritten the risks covered by this policy and determined the premium charged therefor in reliance upon the law affecting interests in real property and applicable to the interpretation, rights, remedies, or enforcement of policies of title insurance of the jurisdicton where the Land is located. Therefore, the court or an arbitrator shall apply the law of the jurisdiction where the Land is located to determine the validity of claims against the Title that are adverse to the Insured and to interpret and enforce the terms of this policy. In neither case shall the court or arbitrator apply its conflicts of law principles to determine the applicable law. (b) Choice of Forum; Any litigation or other proceeding brought by the Insured against the Company must be filed only in a state or federal court within the United States of America or its territories having appropriate jurisdiction. 18. NOTICES, WHERE SENT Any notice of claim and any other notice or statement in writing required to be given to the Company under this policy must be given to the Company at: 1 First American Way, Santa Ana, CA 92707, Attn: Claims Department AO1A.06.5 Cover Page 5 of 5 EXHIBIT "A" LEGAL DESCRIPTION PARCEL 1: LTG Policy No. TAAJ50027940 Our Order No. V50027940 CONDOMINIUM UNIT NO. 7, TYROLEAN CONDOMINIUMS ACCORDING TO THE CONDOMINIUM MAP THEREOF RECORDED FEBRUARY 27, 1981 IN BOOK 319 AT PAGE 138 AND AMENDED CONDOMINIUM MAP RECORDED JUNE 19, 2006 AT RECEPTION NO. 200616161, AND AMENDED CONDOMINIUM MAP RECORDED DECEMBER 31, 2009 UNDER RECEPTION NO. 200928002, AND AS DEFINED IN THE CONDOMINIUM DECLARATION THEREFORE RECORDED FEBRUARY 27, 1981 IN BOOK 319 AT PAGE 139, FIRST AMENDMENT THERETO RECORDED MAY 23, 2005 UNDER RECEPTION NO. 916607 AND SECOND AMENDMENT THERETO RECORDED DECEMBER 31, 2009 UNDER RECEPTION NO. 200927947, COUNTY OF EAGLE, STATE OF COLORADO. PARCEL 2: CONDOMINIUM UNIT PSU 2 AND 3„ TYROLEAN CONDOMINIUMS, A RESUBDIVISION OF UNIT 9, ACCORDING TO THE CONDOMINIUM MAP RECORDED DECEMBER 31, 2009 AT RECEPTION NO. 200928002, AND AS DEFINED AND DESCRIBED IN THE CONDOMINIUM DECLARATION RECORDED FEBRUARY 27, 1981, 215509 AND FIRST AMENDMENT RECORDED MAY 23, 2005 RECEPTION NO. 916607, AND SECOND AMENDMENT THERETO RECORDED DECEMBER 31, 2009 UNDER RECEPTION NO. 200927947, COUNTY OF EAGLE, STATE OF COLORADO. Form AO /FA Our Order No. V50027940 Schedule B LTG Policy No. TAAH50027940 This policy does not insure against loss or damage (and the Company will not pay costs, attorneys' fees or expenses) which arise by reason of: General Exceptions: 1. Rights or claims of parties in possession not shown by the public records. 2. Easements, or claims of easements, not shown by the public records. 3. Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that would be disclosed by an accurate and complete land survey of the Land. 4. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 5. 2010 TAXES AND ASSESSMENTS NOT YET DUE OR PAYABLE. 6. RIGHT OF PROPRIETOR OF A VEIN OR LODE TO EXTRACT AND REMOVE HIS ORE THEREFROM SHOULD THE SAME BE FOUND TO PENETRATE OR INTERSECT THE PREMISES AS RESERVED IN UNITED STATES PATENT RECORDED JULY 11, 1899, IN BOOK 48 AT PAGE 475 AND RECORDED SEPTEMBER 4, 1923 IN BOOK 93 AT PAGE 98. 7. RIGHT OF WAY FOR DITCHES OR CANALS CONSTRUCTED BY THE AUTHORITY OF THE UNITED STATES AS RESERVED IN UNITED STATES PATENT RECORDED JULY 11, 1899, IN BOOK 48 AT PAGE 475 AND RECORDED SEPTEMBER 4, 1923 IN BOOK 93 AT PAGE 98. 8. EASEMENT AND RIGHT -OF -WAY FOR ELECTRICAL TRANSMISSION OR DISTRIBUTION LINE PURPOSES AS GRANTED TO HOLY CROSS ELECTRIC ASSOCIATION, INC., IN INSTRUMENT RECORDED SEPTEMBER 19, 1980 IN BOOK 309 AT PAGE 652. 9. RESTRICTIVE COVENANTS WHICH DO NOT CONTAIN A FORFEITURE OR REVERTER CLAUSE, BUT OMITTING ANY COVENANTS OR RESTRICTIONS, IF ANY, BASED UPON RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, FAMILIAL STATUS, MARITAL STATUS, DISABILITY, HANDICAP, NATIONAL ORIGIN, ANCESTRY, OR SOURCE OF INCOME, AS SET FORTH IN APPLICABLE STATE OR FEDERAL LAWS, EXCEPT TO THE EXTENT THAT SAID COVENANT OR RESTRICTION IS PERMITTED BY APPLICABLE LAW AS CONTAINED IN INSTRUMENT RECORDED OCTOBER 25, 1963, IN BOOK 174 AT PAGE 179 AND AS AMENDED IN INSTRUMENT RECORDED AUGUST 30, 1971, IN BOOK 221 AT PAGE 497. 10. RESTRICTIVE COVENANTS WHICH DO NOT CONTAIN A FORFEITURE OR REVERTER CLAUSE, BUT OMITTING ANY COVENANTS OR RESTRICTIONS, IF ANY, BASED UPON RACE, Form AO /FA Our Order No. V50027940 Schedule B LTG Policy No. TAAH50027940 COLOR, RELIGION, SEX, SEXUAL ORIENTATION, FAMILIAL STATUS, MARITAL STATUS, DISABILITY, HANDICAP, NATIONAL ORIGIN, ANCESTRY, OR SOURCE OF INCOME, AS SET FORTH IN APPLICABLE STATE OR FEDERAL LAWS, EXCEPT TO THE EXTENT THAT SAID COVENANT OR RESTRICTION IS PERMITTED BY APPLICABLE LAW, AS CONTAINED IN INSTRUMENT RECORDED SEPTEMBER 04, 1975, IN BOOK 241 AT PAGE 629 AND AS AMENDED IN INSTRUMENT RECORDED DECEMBER 28, 1979, IN BOOK 296 AT PAGE 518. 11. EASEMENTS, CONDITIONS, COVENANTS, RESTRICTIONS, RESERVATIONS AND NOTES ON THE RECORDED CONDOMINIUM MAP OF TYROLEAN CONDOMINIUMS RECORDED FEBRUARY 27, 1981 IN BOOK 319 AT PAGE 138 AND AMENDED CONDOMINIUM MAP RECORDED JUNE 19, 2006 AT RECEPTION NO. 200616161 AND AS AMENDED IN INSTRUMENT RECORDED DECEMBER 31, 2009 UNDER RECEPTION NO. 200928002. 12. THOSE PROVISIONS, COVENANTS AND CONDITIONS, EASEMENTS AND RESTRICTIONS, WHICH ARE A BURDEN TO THE CONDOMINIUM UNIT DESCRIBED IN SCHEDULE A, BUT OMITTING ANY COVENANTS OR RESTRICTIONS, IF ANY, BASED UPON RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, FAMILIAL STATUS, MARITAL STATUS, DISABILITY, HANDICAP, NATIONAL ORIGIN, ANCESTRY, OR SOURCE OF INCOME, AS SET FORTH IN APPLICABLE STATE OR FEDERAL LAWS, EXCEPT TO THE EXTENT THAT SAID COVENANT OR RESTRICTION IS PERMITTED BY APPLICABLE LAW AS CONTAINED IN INSTRUMENT RECORDED FEBRUARY 27, 1981, IN BOOK 319 AT PAGE 139 AND AMENDMENT RECORDED MAY 23, 2005 AT RECEPTION NO. 916607, SECOND AMENDMENT RECORDED DECEMBER 31, 2009 RECEPTION NO. 200927947. (ITEMS ABOVE AFFECT PARCEL 1 AND PARCEL 2) 13. DEED OF TRUST DATED APRIL 23, 2010 (EFFECTIVE MAY 6, 2010), FROM BLACK STALLION HOLDINGS, INC., A COMPANY INCORPORATED IN THE BRITISH VIRGIN ISLANDS TO THE PUBLIC TRUSTEE OF EAGLE COUNTY FOR THE USE OF JPMORGAN CHASE BANK, N.A. TO SECURE THE SUM OF $2,310,000.00 RECORDED MAY 13, 2010, UNDER RECEPTION NO. 201009134. ITEM NOS. 1 THROUGH 3 OF THE GENERAL EXCEPTIONS ARE HEREBY DELETED. ITEM NO. 4 OF THE GENERAL EXCEPTIONS IS DELETED EXCEPT AS TO ANY LIENS RESULTING FROM WORK OR MATERIAL CONTRACTED FOR OR FURNISHED AT THE REQUEST OF BLACK STALLION HOLDINGS, INC., A COMPANY INCORPORATED IN THE BRITISH VIRGIN ISLANDS. Land Title Guarantee Company ENDORSEMENT 130.3 Case V50027940 Policy TAAH50027940 Loan # 1088050877 The above referenced policy is hereby amended by adding the following to Schedule A following the policy amount. The policy amount will automatically increase by 10% of the amount shown above on each of the first five anniversaries of the policy date. This endorsement is effective only when attached to an ALTA Plain Language Policy insuring a 1 -to -4 family residence. This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. Representing First American Title Insurance Company Land Title Guarantee Company ENDORSEMENT 130.3 Case V50027940 Policy TAAH50027940 Loan # 1088050877 The above referenced policy is hereby amended by adding the following to Schedule A following the policy amount. The policy amount will automatically increase by 10% of the amount shown above on each of the first five anniversaries of the policy date. This endorsement is effective only when attached to an ALTA Plain Language Policy insuring a 1 -to -4 family residence. This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. Countersigned: Authorized Officer or Agent Representing First American Title Insurance Company 1 TOWN OF YAlI' THIS ITEM MAY AFFECT YOUR PROPERTY PUBLIC NOTICE NOTICE IS HEREBY GIVEN that the Planning and Environmental Commission of the Town of Vail will hold a public hearing in accordance with section 12 -3 -6, Vail Town Code, on February 28, 2011, at 1:00 pm in the Town of Vail Municipal Building, in consideration of: �A request for the review of a variance from Section 12 -6H -6, Setbacks, Vail Town Code, a\\ pursuant to Chapter 12 -17, Variances, Vail Town Code, to allow for an addition within the setback, located at 400 East Meadow Drive, Unit 7 (Tyrolean Inn) /Part of Tract B, Block 5, Vail Village Filing 1, and setting forth details in regard thereto. (PEC110011) Applicant: Black Stallion Holdings, represented by Pierce Architects Planner Bill Gibson A request for the review of a exterior alteration, pursuant to Section 12 -76 -7, Exterior Alterations or Modifications, Vail Town Code, to allow for the addition of enclosed floor area, located at 302 Hanson Ranch Road, Unit 301 (Mill Creek Court Building)/ Lot I, Block 5A, Vail Village Filing 5, and setting details in regards thereto. (PEC110012) Applicant: Gail Ellis, represented by Craig Snowdon Planner: Rachel Dimond A request for a recommendation to the Vail Town Council on a proposed major amendment to Special Development District No. 4, Cascade Village, pursuant to Article 12 -9A, Special Development District, Vail Town Code, to allow for an increase in gross residential floor area and site coverage, and a reduction of the side setback, located at 1476 Westhaven Drive /Lot 53, Glen Lyon Subdivision, and setting forth details in regard thereto. (PEC110014) Applicant: Coldstream Homeowners Condominiums, represented by Tom Braun Planner: Warren Campbell A report to the Planning and Environmental Commission on the administrator's approval of an amendment to an existing conditional use permit, pursuant to Section 12- 16 -10, Amendment Procedures, Vail Town Code, to allow for an increase in the floor area on the lowest level of the structure, located at 395 South Frontage Road West (Lionshead Auxiliary Building) /Lot 1, Block 2, Vail Lionshead Filing 1, Lot 3, A Resubdivision of Lot 1, Block 1, Vail Lionshead Filing 2, and East Lionshead Circle rights -of -way, and setting forth details in regard thereto. (PEC110015) Applicant: Town of Vail, represented by Tom Kassmel Planner: Warren Campbell The applications and information about the proposals are available for public inspection during office hours at the Town of Vail Community Development Department, 75 South Frontage Road. The public is invited to attend project orientation and the site visits that precede the public hearing in the Town of Vail Community Development Department. Please call 970 - 479 -2138 for additional information. Sign language interpretation is available upon request, with 24 -hour notification. Please call 970 - 479 -2356, Telephone for the Hearing Impaired, for information. Published February 11, 2011, in the Vail Daily GRAPHIC SCALE (IX ■RT) TYROLEAN CONDOMINIUMS UNITS 4 AND 7 PIERCE ARCHITECTS 01.20.11 GRAPHIC SCALE » . > ( w rer ) I ba b- to tR TYROLEAN CONDOMINIUMS UNITS 4 AND 7 PIERCE ARCHITECTS 01.20.11