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Home My WebLink AboutPEC100048 .0411* Planning and Environmental Commisson ACTION FORM 1 Department of Community Development TOE OF VAIL A 75 South Frontage Road, Vail, Colorado 81657 tel: 970.479.2139 fax 970.479.2452 cow.tArryotIkt.0.vENT web: www.vailgov.com Project Name: Four Seasons Final Plat PEC Number: PEC100048 Project Description: MINOR SUBDIVISION REVEIW Participants: OWNER VAIL DEVELOPMENT 09 LLC 10/12/2010 745 SEVENTH AVENUE NEW YORK NEW YORK 10019 APPLICANT VAIL DEVELOPMENT 09 LLC 10/12/2010 Phone: 212-412-2496 745 SEVENTH AVENUE NEW YORK NEW YORK 10019 Project Address: 1 VAIL RD VAIL Location: 13 VAIL ROAD Legal Description: Lot: B&C Block: Subdivision: VAIL VILLAGE FILING 2 Parcel Number: 2101-071-0101-6 Comments: See conditions BOARD/STAFF ACTION Motion By: Viele Action: APPROVED Second By: Kurz Vote: 5-0-0 Date of Approval: 11/08/2010 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. Planner: Warren Campbell PEC Fee Paid: $650.00 MEMORANDUM TO: Planning and Environmental Commission FROM: Community Development Department DATE: November 8, 2010 SUBJECT: A request for the review of a final plat, pursuant to Chapter 13 -4, Minor Subdivisions, Vail Town Code, to allow for the re- subdivision of a part of Lots A, B, and C, into a single lot, located at 1 Vail Road /part of Lots A, B, and C, Amended Map of Vail Village Second Filing (Four Seasons), and setting forth details in regard thereto. (PEC100048) Applicant: Vail Development 09, LLC, represented by Lori Rung Planner: Warren Campbell SUMMARY The applicant, Vail Development 09, LLC, represented by Lori Rung, is requesting the review of a final plat, pursuant to Chapter 13 -4, Minor Subdivisions, Vail Town Code, to allow for the re- subdivision of a part of Lots A, B, and C, into a single lot, located at 1 Vail Road /part of Lots A, B, and C, Amended Map of Vail Village Second Filing. Based upon Staff's review of the criteria outlined in Sections VII of this memorandum and the evidence and testimony presented, the Staff recommends the Planning and Environmental Commission approves this request subject to the findings noted in Section VIII of this memorandum. II. DESCRIPTION OF THE REQUEST The applicant, Vail Development 09, LLC, represented by Lori Rung, is requesting the review of a final plat to allow for a re- subdivision vacating the shared parcel lines between four parcels that comprise the development site for the Four Seasons. Furthermore, the final plat will establish a legal structure comprised of a Hotel Component which will include the Resort Common Area, a Private Residence Component, and a Club Component. The Private Residence Component and the Club Component will be subsequently condominiumized through the condominium plat process. The adoption of this proposed plat will result in the creation of a single lot and constructed improvements which can be defined in a condominium plat for ownership purposes. A copy of the proposed plat entitled One Vail Road Resort, A Resubdivision Of A Part Of Lots A, B, And C, Amended Map Of Vail Village, Second Filing, Town of Vail, Eagle County, Colorado is attached for review (Attachment A) III. BACKGROUND On October 7, 2003, the Vail Town Council adopted Ordinance No. 9, Series of 2003, establishing Special Development District No. 36, Four Seasons, which approved the development plan for the Four Seasons. Since this adoption there have been several applications approved by the Town regarding the Four Seasons development. 1 IV. APPLICABLE PLANNING DOCUMENTS Title 13, Subdivision Regulations, Vail Town Code (in part) Chapter 13 -1: General Provisions (in part) Section 13 -1 -2: Purpose A. Statutory Authority: The subdivision regulations contained in this title have been prepared and enacted in accordance with Colorado Revised Statutes title 31, article 23, for the purpose of promoting the health, safety and welfare of the present and future inhabitants of the town. B. Goals: To these ends, these regulations are intended to protect the environment, to ensure efficient circulation, adequate improvements, sufficient open space and in general, to assist the orderly, efficient and integrated development of the town. These regulations also provide for the proper arrangement of streets and ensure proper distribution of population. The regulations also coordinate the need for public services with governmental improvement programs. Standards for design and construction of improvements are hereby set forth to ensure adequate and convenient traffic circulation, utilities, emergency access, drainage, recreation and light and air. Also intended is the improvement of land records and surveys, plans and plats and to safeguard the interests of the public and subdivider and provide consumer protection for the purchaser; and to regulate other matters as the town planning and environmental commission and town council may deem necessary in order to protect the best interests of the public. C. Specific Purposes: These regulations are further intended to serve the following specific purposes: 1. To inform each subdivider of the standards and criteria by which development proposals will be evaluated, and to provide information as to the type and extent of improvements required. 2. To provide for the subdivision of property in the future without conflict with development on adjacent land. 3. To protect and conserve the value of land throughout the municipality and the value of buildings and improvements on the land. 4. To ensure that subdivision of property is in compliance with the town's zoning ordinances, to achieve a harmonious, convenient, workable relationship among land uses, consistent with town development objectives. 5. To guide public and private policy and action in order to provide adequate and efficient transportation, water, sewage, schools, parks, playgrounds, recreation, and other public requirements and facilities and generally to provide that public facilities will have sufficient capacity to serve the proposed subdivision. 6. To provide for accurate legal descriptions of newly subdivided land and to establish reasonable and desirable construction design standards and procedures. 7. To prevent the pollution of air, streams and ponds, to assure adequacy of drainage facilities, to safeguard the water table and to encourage the wise use and management of natural resources throughout the town in order to preserve the integrity, stability and beauty of the community and the value of the land. 2 Chapter 13 -3: Major Subdivisions (in part) 13 -3 -4: Commission Review Of Application; Criteria And Necessary Findings: The planning and environmental commission shall conduct a public hearing on an application for a preliminary plan for subdivision. The planning and environmental commission shall consider the application, relevant additional materials, staff report and recommendations as well as any other comments or public information given at the hearing. The planning and environmental commission may discuss advisable changes to the proposed subdivision with the applicant. The burden of proof shall rest with the applicant to show that the application is in compliance with the intent and purposes of this chapter, the zoning ordinance and other pertinent regulations that the planning and environmental commission deems applicable. Due consideration shall be given to the recommendations made by public agencies, utility companies and other agencies consulted under subsection 13 -3 -3C of this chapter. Chapter 13 -4: Minor Subdivisions (in part) 13 -4 -1: EXEMPTIONS IN PROCEDURE AND SUBMITTALS: "Minor subdivisions", as defined in section 13 -2 -2 of this title, shall be exempt from requirements related to preliminary plan procedures and submittals. Minor subdivisions may be required to submit an environmental impact report if required by title 12, chapter 12 of this code. 13 -4 -2: Procedure (in part) C. Review And Action On Plat: The planning and environmental commission shall review the plat and associated materials and shall approve, approve with modifications or disapprove the plat within twenty one (21) days of the first public hearing on the minor subdivision or the minor subdivision will be deemed approved. A longer time period for rendering a decision may be granted subject to mutual agreement between the planning and environmental commission and subdivider. The review shall be based on the criteria and necessary findings in section 13 -3 -4 of this title. V. SURROUNDING LAND USES AND ZONING Existing Use Zoning District North: Government General Use South: Residential High Density Multi- family /Two - Family Primary Secondary East: Residential Public Accommodation West: Residential High Density Multi- family VI. ZONING ANALYSIS Address: 1 Vail Road Legal Description: Part of Lots A, B, and C, Vail Village Second Filing Zoning: Public Accommodation SDD No. 36, Four Seasons, overlay Land Use Plan Designation: Resort Accommodations and Services and Transition Area Current Land Use: Mixed Use Residential, Hotel, Commercial 3 Site Standards Allowed /Required Proposed Lot Area 10,000 s.f. 2.758 acres Site Frontage 30 feet minimum 452 ft. on the S. Frontage Road 264 ft. on W. Meadow Drive Site Dimensions 80 ft. x 80 ft. 240 ft. x 240 ft. VII. REVIEW CRITERIA Before acting on a final plat application, the Planning and Environmental Commission shall consider the following factors with respect to the proposed use: 1. The extent to which the proposed subdivision is consistent with all the applicable elements of the adopted goals, objectives and policies outlined in the Vail comprehensive plan and is compatible with the development objectives of the town; and The proposed final plat is the final step to the completion of the Four Seasons project. The proposed final plat will establish a single lot for the Four Seasons project and create the legal structure for the subsequent condominium plats to establish the individual residential components which will be transferred fee simple to other owners. The review of the Four Seasons development beginning in 2002 was extensive in terms of its compliance with the Vail comprehensive plan and the adopted development objectives and goals. The adoption of the ordinance establishing SDD No. 36, Four Seasons, was reviewed by the Planning and Environmental Commission, the Design Review Board, and the own Council for compliance. Staff believes the proposed final plat is consistent with the purpose of the Town's Subdivision Regulations and the purpose of the Public Accommodation District. Therefore, Staff believes the proposed final plat is consistent with the applicable elements of the adopted goals, objectives and policies outlined in the Vail comprehensive plan and is compatible with the development objectives of the town. 2. The extent to which the proposed subdivision complies with all of the standards of Title 13, Subdivision Regulations, Vail Town Code, as well as, but not limited to, Title 12, Zoning Regulations, Vail Town Code, and other pertinent regulations that the planning and environmental commission deems applicable; and Staff believes the proposed final plat complies with this criterion. The proposed final plat meets the lot size and dimension standards outlined in the Public Accommodation District provisions of the Town's Zoning Regulations. The proposed plat complies with both the general provisions and technical requirements outlined in the Town's Subdivision Regulations. 3. The extent to which the proposed subdivision presents a harmonious, convenient, workable relationship among land uses consistent with municipal development objectives; and Staff believes the proposed final plat complies with this criterion. The proposed final plat is the concluding step in the entitlements granted to the Four Seasons development. Through the entitlement process compliance with the land uses established by the 4 Public Accommodation District was confirmed. The proposed final plat will establish a single lot of record and depict several easements for public pedestrian access and the drainage easement for Spraddle Creek. Therefore, Staff does not believe the proposed final plat will have negative affects on the future development of the surrounding area. 4. The extent of the effects on the future development of the surrounding area; and Staff believes the proposed final plat complies with this criterion since the proposed final plat is consistent with the Vail comprehensive plan and Town Zoning Code. The Town's Official Zoning Map is an adopted document establishing the appropriate zone districts and land uses for all property within the Town of Vail. It was determined through the entitlement process that the Four seasons development complied in all regards with the Official Zoning Map and associated Codes. Therefore, Staff does not believe the proposed final plat will have significant negative affects on the future development of the surrounding area. 5. The extent to which the proposed subdivision is located and designed to avoid creating spatial patterns that cause inefficiencies in the delivery of public services, or require duplication or premature extension of public facilities, or result in a 'leapfrog" pattern of development; and Staff believes the proposed final plat complies with this criterion since this is an infill development which was previously provided all services and is currently provided by all services. The proposed final plat will not negatively affect the community's spatial patterns as it is an infill site. 6. The extent to which the utility lines are sized to serve the planned ultimate population of the service area to avoid future land disruption to upgrade undersized lines; and Utility services were reviewed in conjunction with the Town's entitlement process. It was determined that utility services could be provided to the Four Seasons development. All utility work to upgrade any services was completed as a part of the Four Seasons development. Staff does not believe the proposed final plat will have significant negative affects on utilities. 7. The extent to which the proposed subdivision provides for the growth of an orderly viable community and serves the best interests of the community as a whole; and Staff believes the proposed final plat is consistent with the Vail comprehensive plan, Official Zoning Map, and Town Zoning Code. Staff believes the proposed final plat provides for growth in an orderly manner. 8. The extent to which the proposed subdivision results in adverse or beneficial impacts on the natural environment, including, but not limited to, water quality, air quality, noise, vegetation, riparian corridors, hillsides and other desirable natural features; and Through the entitlement process the Four Seasons development was thoroughly reviewed for impacts on the natural environment. It was determined through that process that the project did not create any negative effects or mitigation was included to 5 address any potential negative effects. One example was the reconstruction and improvement of the Mill Creek culvert across the property. Staff does not believe the proposed final plat will have negative affects on the natural environment in comparison to existing conditions. 9. Such other factors and criteria as the commission and /or council deem applicable to the proposed subdivision. VIII. STAFF RECOMMENDATION The Community Development Department recommends the Planning and Environmental Commission approves this request for the review of a final plat, pursuant to Chapter 13- 4, Minor Subdivision, Vail Town Code. Staff's recommendation is based upon the review of the criteria described in Section VII of this memorandum and the evidence and testimony presented. Should the Planning and Environmental Commission choose to approve this final plat request, the Community Development Department recommends the Commission pass the following motion: "The Planning and Environmental Commission approves this request for a final plat, pursuant to Chapter 13 -4, Minor Subdivisions, Vail Town Code, to allow for the re- subdivision of a part of Lots A, B, and C, into a single lot and the creation of the legal structure to condominiumize the Private Residence Club and Club Component, located at 1 Vail Road /part of Lots A, B, and C, Amended Map of Vail Village Second Filing (Four Seasons), and setting forth details in regard thereto." Should the Planning and Environmental Commission choose to approve this final plat request, the Community Development Department recommends the Commission makes the following findings: "Based upon the review of the criteria outlined in Section VII of the Staff memorandum to the Planning and Environmental Commission dated November 8, 2010, and the evidence and testimony presented, the Planning and Environmental Commission finds: 1. The subdivision is in compliance with the criteria listed in Subsection 13- 3 -4 -A, Vail Town Code. 2. The subdivision is consistent with the adopted goals, objectives and policies outlined in the Vail comprehensive plan and compatible with the development objectives of the town. 3. The subdivision is compatible with and suitable to adjacent uses and appropriate for the surrounding areas. 4. The subdivision promotes the health, safety, morals, and general welfare of the town and promotes the coordinated and harmonious development of the town in a manner that conserves and enhances its natural environment and its established character as a resort and residential community of the highest quality." 6 IX. ATTACHMENTS A. Proposed Final Plat entitled One Vail Road Resort, A Resubdivision Of A Part Of Lots A, B, And C, Amended Map Of Vail Village, Second Filing, Town of Vail, Eagle County, Colorado 7 pica + t 1 ka sn. r r n 4 vi, w 4. ( i gzty:74 t r tr � � j� .C' a ' 1 2 -. ♦ .!' JI'{i 1 ,P,',.r. N b K k( E F. ' i 1 . . • x„ J vy', r tt i s . # 3 3 I +,e;rl, ,�y� { ' n � ` 4 y.�.' tr � . �` r 7 4 'C ' ^ r lir t ,, ; v e > � 3> 1 j� '• t c d y .' 1:1epartm@ ` XXtc •' ,, . .. . • j r'" 111 y m VI 6 .r `. M1 s• 7 '1. S ' 1 J m . - 2 ef y , s ' South A. ' ' 'zr M. s a u y �i' A• . Minor Subdivision Review . Application for Review by the Planning and Environmental Commission General Information: This application is for a request to subdivide not more than four (4) lots fronting on an existing street, not involving any new street or road or the extension of Munidpal fadlities and not adversely affecting the devel- opment of the remainder of the parcel or adjoining property. "Minor subdivisions ", as defined In section 13 -2 -2 Defini- tions, Vail Town Code, shall be exempt from requirements related to preliminary plan procedures and submittals. Please see Section 13-4, Minor Subdivisions, Vail Town Code for more detailed information. Vail Town Code can be found on the Town's website at www.vailaov,com. The proposed project may also require other permits or applications and/or review by the Design Review Board and/or Town Coundl. ::iptionor:::equ, �} ,� t' % -� � / • ' U I v t'' fc V •'� 'eN ,./., Physical Address: � L jA i I - " / " , (J � ( � U . 1 r 5 Parcel Number: Z Id j O f n i — 0 / (Contact Eagle Co. Assessor at 970- 328 -8640 for parcel no.) Property Owner: 11 r. ■ ∎ 1 Q've 1 0f )) �,w "1 Q q N L C C Mailing Address: 7yS SC•vsys /h Ave /Jr./ YrrIC N/ 1001 J / /1/� h'• ne: 2 12 — L{ / 2 -- 2 `-f 9 ( - - / Owner's Signatur � w �% Primary Conta Ow • = • esentative• _ �� v Mailing Address: I/ a- _D -o f / L L "7 `f r S e Lie ,..-4-61_ .76' � / /N Y , M Y /00 / I'1 Phone: ". I - — 4 1/ -2 - Z' E -Mail: / Sri. 2�("� 9 � 1 Fax: _ • For Office Use Only: Cash_ CC: Visa / MC Last 4 CC #'{53Sr Auth # OgePS o1 to Check # Fee Paid: ( SD — XS /II- Received From f (Y)c.lr: n Meeting Date: PEC No.: PE.0 l t' -OOttR Planner: (.JCS Project No: PRSC13— n loR Zoning: Land Use: Location of the Proposal: Lot: Block: Subdivision: VA L VI LI_Aq F Ft t„i lc1C 01- Jan -10 GARY A. SYMAN AND AZITA RAJO SILVIA REBECA ZYMAN VAIL EAST PROPERTIES LLC 1997 FAMILY TRUST ATTN: BRENDA BROWN 0/0 BRANDESS CADMUS REAL EST. 27 WINDWARD RD 3350 RIVERWOOD PARKWAY #1900 281 BRIDGE STREET BELVEDERE, CA 94920 ATLANTA, GA 30339 VAIL, CO 81657 (LOT 1, UNIT A) (LOT 1, UNIT B) (Lot 2E) VAIL WEST PROPERTIES LLC HOLIDAY HOUSE CONDOMINIUM THE HOLIDAY HOUSE 0/0 BRANDESS CADMUS REAL EST. ASSOCIATION CONDOMINIUM ASSOCIATION 281 BRIDGE STREET 9 VAIL ROAD ATTN: JAMES T. WATSON VAIL, CO 81657 VAIL, CO 81657 6999 S. BEMIS ST. (LOT 2W) ATTN: TOM SASSO LITTLETON, CO 80120 VAIL GATEWAY PLAZA VAIL GATEWAY PLAZA CON. ASC. VAIL PLAZA CLUB CON, ASC. CONDOMINIUM ASSOCIATION 0/0 MCNEILL PROPERTY 16 VAIL ROAD PO BOX 4694 MANAGEMENT VAIL, CO 81657 VAIL, CO 81658 2077 N. FRONTAGE RD #300 ATTN: WORTH SANDERS ATTN: JUDY PRAGER VAIL, CO 81657 VAIL FIRE PROTECTION DISTRICT SCORPIO CONDOMINIUM SCORPIO CONDOMINIUM O BOX 100 ASSOCIATION ASSOCIATION P CO 81658 100 PO BOX 1767 0/0 MCKAY & ASSOCIATES PO BOX (PART OF LOT H) AVON, CO 81620 27 MAIN ST. SUITE 302 ATTN: CLAIRE ROGERS EDWARDS, CO 81632 ALPHORN CONDOMINIUM ASC. MEADOW VAL PLACE CON. ASC. MEADOW VAIL PLACE CON. ASC. C/0 MCKAY & ASSOCIATES 0/0 VAIL FINANCIAL SERVICES 44 W. MEADOW DRIVE 27 MAIN ST., SUITE 302 PO BOX 876 VAIL, CO 81657 EDWARDS, CO 81632 VAIL, CO 81657 ATTN: RICHARD LIEBHARBER ATTN: MARY KENNEDY ATTN: JULIE HANSEN VAIL COLORADO MUNICIPAL BLDG AUTHORITY 75 S. FRONTAGE ROAD W. VAIL, CO 81657 j * IOINOFVAL 1 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 November 8, 2010, at 1:00 pm in the Town of Vail Municipal Building, in consideration of: A request for the review of a final plat, pursuant to Chapter 13 -4, Minor Subdivisions, Vail Town Code, to allow for the re- subdivision of a part of Lots A, B, and C, into a single lot, located at 1 Vail Road /part of Lots A, B, and C, Amended Map of Vail Village Second Filing (Four Seasons), and setting forth details in regard thereto. (PEC100048) Applicant: Vail Development 09, LLC, represented by Lori Rung Planner: Warren Campbell 1 I A report to the Planning and Environmental Commission on the administrator's approval of an amendment to an existing conditional use permit, pursuant to 12- 16 -10, Amendment Procedures, Vail Town Code, to lower the approved building height of a new public building and grounds (new fire station #3) by reducing a roof pitch from 5 %:12 to 5:12, located at 2399 North Frontage Road West/Parcel A, Resub of Tract D, Vail Das Schone Filing 1, and 2310 Chamonix Road /Parcel B, Resub of Tract D, Vail Das Schone Filing 1, and setting forth details in regard thereto. (PEC100047) Applicant: Town of Vail, represented by Mark Miller Planner: Bill Gibson 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 October 23, 2010, in the Vail Daily. PP" Land Title Guarantee Company CUSTOMER DISTRIBUTION Land Title GUARANTEE COMPANY Date: 09 -22 -2010 Our Order Number: VC50011594.2 -5 Property Address: 1 VAIL ROAD If you have any inquiries or require further assistance, please contact one of the numbers below: For Title Assistance: Vail Title Dept. Karen Biggs 108 S FRONTAGE RD W #203 VAIL, CO 81657 Phone: 970 - 476 -2251 Fax: 970 - 476 -4534 EMail: kbiggs @ltgc.com GREENBERG TRAURIG MARCIN ENGINEERING 450 S. ORANGE AVENUE PO BOX 1062 SUITE 650 AVON, CO 81620 ORLANDO, FL 32801 Phone: 970 - 748 -0274 Attn: TIMOTHY J. SMITH Fax: 970 - 748 -9021 Phone: 407 - 418 -2433 EMail: randyk @marcinengineering.com EMail: smithtj @gtlaw.com Linked Commitment Delivery Linked Commitment Delivery BALLARD SPAHR 1225 17TH ST STE 2300 DENVER, CO 80202 Phone: 303 - 292 -2400 Fax: 303 - 296 -3956 EMail: clowdus @ballardspahr.com Linked Commitment Delivery Land Title Guarantee Company Date: 09 -22 -2010 Land Title Our Order Number: VC50011594.2 -5 GUARANTEE COMPANY Property Address: 1 VAIL ROAD Buyer/Borrower: VAIL RESIDENTIAL 09, LLC, A DELAWARE LIMITED LIABILITY COMPANY Seller /Owner: VAIL DEVELOPMENT 09 LLC, A DELAWARE LIMITED LIABILITY COMPANY Need a map or directions for your upcoming closing? Check out Land Title's web site at www.ltgc.com for directions to any of our 54 office locations. ESTIMATE OF TITLE FEES ALTA Owners Policy 06 -17 -06 TBD If Land Title Guarantee Company will be closing this transaction, above fees will be collected at that time. TOTAL $0.00 For CONTACT 06/04 THANK YOU FOR YOUR ORDER! First American Title Insurance Company ALTA COMMITMENT Our Order No. VC50011594.2 -5 Schedule A Cust. Ref.: Property Address: 1 VAIL ROAD 1. Effective Date: September 08, 2010 at 5:00 P.M. 2. Policy to be Issued, and Proposed Insured: "ALTA" Owner's Policy 06 -17 -06 Proposed Insured: VAIL RESIDENTIAL 09, LLC, A DELAWARE LIMITED LIABILITY COMPANY 3. The estate or interest in the land described or referred to in this Commitment and covered herein is: A FEE SIMPLE 4. Title to the estate or interest covered herein is at the effective date hereof vested in: VAIL DEVELOPMENT 09 LLC, A DELAWARE LIMITED LIABILITY COMPANY 5. The Land referred to in this Commitment is described as follows: THE PRIVATE RESIDENCE COMPONENT AND THE RESIDENCE CLUB COMPONENT, ONE VAIL ROAD, ACCORDING TO THE RESORT DECLARATION AND THE RESORT MAP (TO BE RECORDED), COUNTY OF EAGLE, STATE OF COLORADO. ALTA COMMITMENT Schedule B - Section 1 (Requirements) Our Order No. VC50011594.2 -5 The following are the requirements to be complied with: Item (a) Payment to or for the account of the grantors or mortgagors of the full consideration for the estate or interest to be insured. Item (b) Proper instrument(s) creating the estate or interest to be insured must be executed and duly filed for record, to -wit: Item (c) Payment of all taxes, charges or assessments levied and assessed against the subject premises which are due and payable. Item (d) Additional requirements, if any disclosed below: 1. A FULL COPY OF THE OPERATING AGREEMENT AND ANY AND ALL AMENDMENTS THERETO FOR VAIL DEVELOPMENT 09 LLC, A DELAWARE LIMITED LIABILITY COMPANY MUST BE FURNISHED TO LAND TITLE GUARANTEE COMPANY. SAID AGREEMENT MUST DISCLOSE WHO MAY CONVEY, ACQUIRE, ENCUMBER, LEASE OR OTHERWISE DEAL WITH INTERESTS IN REAL PROPERTY FOR SAID ENTITY. NOTE: ADDITIONAL REQUIREMENTS MAY BE NECESSARY UPON REVIEW OF THIS DOCUMENTATION. 2. RELEASE OF LIEN AS EVIDENCED BY THE STATEMENT OF OVERHEAD DOOR COMPANY OF DENVER, INC. IN THE AMOUNT OF $49,563.00 RECORDED JUNE 29, 2009, UNDER RECEPTION NO. 200912659. RELEASE RECORDED JULY 27, 2010 RECEPTION NO. 201014680 HAS INCORRECT RECORDING RECEPTION NUMBER OF LIEN. 3. RELEASE OF LIEN AS EVIDENCED BY THE STATEMENT OF BAKER CONCRETE CONSTRUCTION INC. IN THE AMOUNT OF $568,313.09 RECORDED JUNE 29, 2009, UNDER RECEPTION NO. 200912671. 4. RELEASE OF LIEN AS EVIDENCED BY THE STATEMENT OF JD STEEL COMPANY, INC. IN THE AMOUNT OF $146,763.68 RECORDED JULY 13, 2009, UNDER RECEPTION NO. 200914446. 5. RELEASE OF NOTICE EXTENDING TIME TO FILE MECHANIC'S LIEN RECORDED JULY 16, 2009, UNDER RECEPTION NO. 200914709. • ALTA COMMITMENT Schedule B - Section 1 (Requirements) Our Order No. VC50011594.2 -5 Continued: 6. RELEASE OF LIEN AS EVIDENCED BY THE STATEMENT OF LAYTON CONSTRUCTION COMPANY, INC. IN THE AMOUNT OF $17,429,671.42 RECORDED JULY 21, 2009, UNDER RECEPTION NO. 200915295. 7. RELEASE OF LIEN AS EVIDENCED BY THE STATEMENT OF COLORADO PRECAST CONCRETE INC. IN THE AMOUNT OF $16,841.07 RECORDED AUGUST 12, 2009, UNDER RECEPTION NO. 200917708. 8. RELEASE OF LIEN AS EVIDENCED BY THE STATEMENT OF FIRETROL PROTECTION SYSTEMS INC. IN THE AMOUNT OF $884,570.36 RECORDED AUGUST 14, 2009, UNDER RECEPTION NO. 200917948. 9. RELEASE OF LIEN AS EVIDENCED BY THE STATEMENT OF JD STEEL CO, INC. IN THE AMOUNT OF $149,243.34 RECORDED SEPTEMBER 08, 2009, UNDER RECEPTION NO. 200919849. 10. RELEASE OF LIEN AS EVIDENCED BY THE STATEMENT OF KK MECHANICAL, INC. IN THE AMOUNT OF $5,349,193.92 RECORDED SEPTEMBER 14, 2009, UNDER RECEPTION NO. 200920279. 11. RELEASE OF LIEN AS EVIDENCED BY THE STATEMENT OF LAYTON CONSTRUCTION CO., INC. IN THE AMOUNT OF $27,008,262.00 RECORDED SEPTEMBER 14, 2009, UNDER RECEPTION NO. 200920282. 12. RELEASE OF NOTICE EXTENDING TIME TO FILE MECHANIC'S LIEN RECORDED SEPTEMBER 16, 2009, UNDER RECEPTION NO. 200920465. 13. RELEASE OF LIEN AS EVIDENCED BY THE STATEMENT OF WVC COMPANY IN THE AMOUNT OF $576,653.46 RECORDED SEPTEMBER 17, 2009, UNDER RECEPTION NO. 200920572. 14. RELEASE OF LIEN AS EVIDENCED BY THE STATEMENT OF INTERNATIONAL TECH NIFAB IN THE AMOUNT OF $138,045.87 RECORDED SEPTEMBER 18, 2009, UNDER RECEPTION NO. 200920709. 15. RELEASE OF LIEN AS EVIDENCED BY THE STATEMENT OF VOKNA WINDOWS DOORS IN THE • ALTA COMMITMENT Schedule B - Section 1 (Requirements) Our Order No. VC50011594.2 -5 Continued: AMOUNT OF $140,008.07 RECORDED SEPTEMBER 24, 2009, UNDER RECEPTION NO. 200920975. 16. DISMISSAL OF OF LIS PENDENS RECORDED SEPTEMBER 24, 2009, UNDER RECEPTION NO. 200920986. 17. RELEASE OF NOTICE EXTENDING TIME TO FILE MECHANIC'S LIEN RECORDED SEPTEMBER 24, 2009, UNDER RECEPTION NO. 200920993. 18. RELEASE OF LIEN AS EVIDENCED BY THE STATEMENT OF WESTOVER CORP IN THE AMOUNT OF $174,596.63 RECORDED SEPTEMBER 24, 2009, UNDER RECEPTION NO. 200920994. 19. ORDER OF DISMISSAL ISSUED BY THE CLERK OF THE DISTRICT COURT IN AND FOR THE COUNTY OF EAGLE OF CIVIL ACTION NO. 09CV ENTITLED LAYTON CONSTRUCTION CO., INC.,, PLAINTIFF (S), VS. BARCLAYS CAPITAL REAL ESTATE, INC., VAIL DEVELOPMENT 09 LLC, ETAL, DEFENDANT (S). NOTICE OF LIS PENDENS RECORDED SEPTEMBER 25, 2009, UNDER RECEPTION NO. 200921155. 20. RELEASE OF LIEN AS EVIDENCED BY THE STATEMENT OF VOKNA WINDOWS DOORS IN THE AMOUNT OF $140,008.07 RECORDED SEPTEMBER 25, 2009, UNDER RECEPTION NO. 200921163. 21. RELEASE OF LIEN AS EVIDENCED BY THE STATEMENT OF WAGNER RENTS INC. IN THE AMOUNT OF $4,721.71 RECORDED SEPTEMBER 29, 2009, UNDER RECEPTION NO. 200921293. 22. RELEASE OF LIEN AS EVIDENCED BY THE STATEMENT OF DANA KEPNER CO INC. IN THE AMOUNT OF $22,280.26 RECORDED SEPTEMBER 29, 2009, UNDER RECEPTION NO. 200921294. 23. RELEASE OF LIEN AS EVIDENCED BY THE STATEMENT OF UNITED RENTALS TRENCH SAFETY IN THE AMOUNT OF $8,113.34 RECORDED OCTOBER 01, 2009, UNDER RECEPTION NO. 200921561. 24. RELEASE OF LIEN AS EVIDENCED BY THE STATEMENT OF JOHNSON MUCKERMAN ALTA COMMITMENT Schedule B - Section 1 (Requirements) Our Order No. VC50011594.2 -5 Continued: ENTERPRISES INC. IN THE AMOUNT OF $2,414.00 RECORDED OCTOBER 01, 2009, UNDER RECEPTION NO. 200921564. 25. RELEASE OF NOTICE EXTENDING TIME TO FILE MECHANIC'S LIEN RECORDED OCTOBER 08, 2009, UNDER RECEPTION NO. 200922011. 26. RELEASE OF LIEN AS EVIDENCED BY THE STATEMENT OF JACK B. HENDERSON CONSTRUCTION COMPANY INC. IN THE AMOUNT OF $124,865.38 RECORDED OCTOBER 13, 2009, UNDER RECEPTION NO. 200922200. 27. ORDER OF DISMISSAL ISSUED BY THE CLERK OF THE DISTRICT COURT IN AND FOR THE COUNTY OF EAGLE OF CIVIL ACTION NO. 09CV606 ENTITLED LAYTON CONSTRUCTION CO., INC., PLAINTIFF (S), VS. BARCLAYS CAPITAL REAL ESTATE, INC., ETAL, DEFENDANT (S). NOTICE OF LIS PENDENS RECORDED NOVEMBER 03, 2009, UNDER RECEPTION NO. 200923714. 28. ORDER OF DISMISSAL ISSUED BY THE CLERK OF THE DISTRICT COURT IN AND FOR THE COUNTY OF EAGLE OF CIVIL ACTION NO. 2009CV606 ENTITLED LAYTON CONSTRUCTION CO, INC., PLAINTIFF (S), VS. BARCLAYS CAPITAL REAL ESTATE, INC., VAIL DEVELOPMENT 09 LLC, ETAL, DEFENDANT (S). NOTICE OF LIS PENDENS RECORDED NOVEMBER 03, 2009, UNDER RECEPTION NO. 200923741. 29. RELEASE OF LIEN AS EVIDENCED BY THE STATEMENT OF LAFARGE WEST, INC. IN THE AMOUNT OF $33,683.97 RECORDED NOVEMBER 16, 2009, UNDER RECEPTION NO. 200924501. 30. ORDER OF DISMISSAL ISSUED BY THE CLERK OF THE DISTRICT COURT IN AND FOR THE COUNTY OF EAGLE OF CIVIL ACTION NO. 09CV606 ENTITLED LAYTON CONSTRUCTION CO., INC., PLAINTIFF (S), VS. BARCLAY CAPITAL REAL ESTATE, INC.,, DEFENDANT (S). NOTICE OF LIS PENDENS RECORDED JANUARY 29, 2010, UNDER RECEPTION NO. 1851. 31. RELEASE OF LIEN AS EVIDENCED BY THE STATEMENT OF M &M CONSULTANTS, INC. DBA DUSTCO BUILDING SPECIALTIES, INC. IN THE AMOUNT OF $15,895.03 RECORDED MAY 17, 2010, UNDER RECEPTION NO. 201009313. RELEASE RECORDED JULY 14, 2010 RECEPTION NO. 201013867, IS NOT NOTARIZED. ALTA COMMITMENT Schedule B - Section 1 (Requirements) Our Order No. VC50011594.2 -5 Continued: 32. RELEASE OF LIEN AS EVIDENCED BY THE STATEMENT OF JOSUE CHAVEZ AND CASEWORK INCORPORATED IN THE AMOUNT OF $6,248.00 RECORDED JUNE 28, 2010, UNDER RECEPTION NO. 201012922. RELEASE OF LIEN RECORDED JULY 1, 2010 RECEPTION NO. 201013194 IS NOT SIGNED AND CONTAINS AN INCOMPLETE NOTARY ACKNOWLEDGEMENT. 33. RELEASE OF LIEN AS EVIDENCED BY THE STATEMENT OF GROUND ENGINEERING CONSULTANTS, INC. IN THE AMOUNT OF $24,439.50 RECORDED JULY 06, 2010, UNDER RECEPTION NO. 201013406. 34. RELEASE OF LIEN AS EVIDENCED BY THE STATEMENT OF EDGAR MANCERA AND CASE WORK INCORPORATED IN THE AMOUNT OF $2,770.00 RECORDED JULY 26, 2010, UNDER RECEPTION NO. 201014599. 35. RELEASE OF LIEN AS EVIDENCED BY THE STATEMENT OF MANUEL LOPEZ AND CASE WORK INCORPORATED IN THE AMOUNT OF $2,770.00 RECORDED JULY 26, 2010, UNDER RECEPTION NO. 201014600. 36. RELEASE OF LIEN AS EVIDENCED BY THE STATEMENT OF ALEJANDRO GARCIA AND CASE WORK INCORPORATED IN THE AMOUNT OF $1,210.00 RECORDED JULY 26, 2010, UNDER RECEPTION NO. 201014601. 37. RELEASE OF LIEN AS EVIDENCED BY THE STATEMENT OF FLAVIO DAMIAN VAZQUEZ AND CASE WORK INCORPORATED IN THE AMOUNT OF $2,310.00 RECORDED JULY 26, 2010, UNDER RECEPTION NO. 201014602. 38. RELEASE OF NOTICE EXTENDING TIME TO FILE MECHANIC'S LIEN RECORDED SEPTEMBER 02, 2010, UNDER RECEPTION NO. 201017374. 39. PARTIAL RELEASE OF DEED OF TRUST DATED FEBRUARY 27, 2007, FROM BLACK DIAMOND RESORTS - VAIL LLC TO THE PUBLIC TRUSTEE OF EAGLE COUNTY FOR THE USE OF BARCLAYS CAPITAL REAL ESTATE INC., A DELAWARE CORPORATION TO SECURE THE SUM OF $194,500,000.00 RECORDED MARCH 05, 2007, UNDER RECEPTION NO. 200705568. ALTA COMMITMENT Schedule B - Section 1 (Requirements) Our Order No. VC50011594.2 -5 Continued: SAID DEED OF TRUST WAS FURTHER SECURED BY ASSIGNMENT OF LEASES AND RENTS RECORDED MARCH 05, 2007, UNDER RECEPTION NO. 200705569. 40. EVIDENCE SATISFACTORY TO THE COMPANY THAT THE TERMS, CONDITIONS AND PROVISIONS OF THE TOWN OF VAIL TRANSFER TAX HAVE BEEN SATISFIED. 41. WARRANTY DEED FROM VAIL DEVELOPMENT 09 LLC, A DELAWARE LIMITED LIABILITY COMPANY TO VAIL RESIDENTIAL 09, LLC, A DELAWARE LIMITED LIABILITY COMPANY CONVEYING SUBJECT PROPERTY. ALTA COMMITMENT Schedule B - Section 2 (Exceptions) Our Order No. VC50011594.2 -5 The policy or policies to be issued will contain exceptions to the following unless the same are disposed of to the satisfaction of the Company: 1. Any facts, rights, interests, or claims thereof, not shown by the Public Records but that could be ascertained by an inspection of the Land or that may be asserted by persons in possession of the Land. 2. Easements, liens or encumbrances, or claims thereof, 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 and not shown by the Public Records. 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. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed insured acquires of record for value the estate or interest or mortgage thereon covered by this Commitment. 6. Any and all unpaid taxes, assessments and unredeemed tax sales. 7. (a) Unpatented mining claims; (b) reservations or exceptions in patents or in Acts authorizing the issuance thereof; (c) water rights, claims or title to water, whether or not the matters excepted under (a), (b), or (c) are shown by the Public Records. 8. 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 SEPTEMBER 04, 1923, IN BOOK 93 AT PAGE 98. 9. RIGHT OF WAY FOR DITCHES OR CANALS CONSTRUCTED BY THE AUTHORITY OF THE UNITED STATES AS RESERVED IN UNITED STATES PATENT RECORDED SEPTEMBER 04, 1923, IN BOOK 93 AT PAGE 98. 10. 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 JANUARY 09, 1963, IN BOOK 174 AT PAGE 431. THE PLANNING AND ARCHITECTURAL CONTROL COMMITTEE REFERRED TO IN THE DOCUMENT DESCRIBED ABOVE DOES NOT EXIST AND THE REVIEW AND APPROVAL PROCESS FOR IMPROVEMENTS PROVIDED FOR IN THE DOCUMENT IS PERFORMED BY THE • ALTA COMMITMENT Schedule B - Section 2 (Exceptions) Our Order No. VC50011594.2 -5 The policy or policies to be issued will contain exceptions to the following unless the same are disposed of to the satisfaction of the Company: TOWN OF VAIL, COLORADO. 11. RIGHT OF WAY EASEMENT AS GRANTED TO THE MOUNTAIN STATES TELEPHONE AND TELEGRAPH COMPANY, A COLORADO CORPORATION IN INSTRUMENT RECORDED OCTOBER 20, 1969 IN BOOK 216 AT PAGE 211. 12. RIGHT OF WAY EASEMENT AS GRANTED TO THE MOUNTAIN STATES TELEPHONE AND TELEGRAPH COMPANY, A COLORADO CORPORATION IN INSTRUMENT RECORDED OCTOBER 20, 1969 IN BOOK 216 AT PAGE 212. 13. TERMS, CONDITIONS AND PROVISIONS OF CABLE TELEVISION EASEMENT AND MAINTENANCE AGREEMENT RECORDED NOVEMBER 05, 1993 IN BOOK 624 AT PAGE 152. 14. TERMS, CONDITIONS AND PROVISIONS OF AIR SPACE AGREEMENT RECORDED FEBRUARY 11, 2005, RECEPTION NO. 906003. 15. TERMS, CONDITIONS AND PROVISIONS OF EASEMENT AGREEMENT RECORDED FEBRUARY 11, 2005 RECEPTION NO. 906004, AS THE SAME MAY BE AMENDED PURSUANT TO THE TERMS OF SUCH INSTRUMENT. 16. TERMS, CONDITIONS AND PROVISIONS OF CONSTRUCTION AGREEMENT AND TEMPORARY CONSTRUCTION AGREEMENT RECORDED FEBRUARY 11, 2005 RECEPTION NO. 906005 AND AMENDMENT THERETO RECORDED JANUARY 13, 2006 RECEPTION NO. 200601053. 17. TERMS, CONDITIONS AND PROVISIONS OF RIGHT OF ENTRY AGREEMENT AND GRANT OF TEMPORARY ENCROACHMENT EASEMENT RECORDED AUGUST 29, 2006 AT RECEPTION NO. 200623567. 18. TERMS, CONDITIONS AND PROVISIONS OF HOLY CROSS ENERGY UNDERGROUND RIGHT -OF -WAY EASEMENT RECORDED NOVEMBER 14, 2006 AT RECEPTION NO. 200631217. 19. TERMS, CONDITIONS AND PROVISIONS OF DRAINAGE EASEMENT RECORDED JANUARY 05, 2007 AT RECEPTION NO. 200700334. ALTA COMMITMENT Schedule B - Section 2 (Exceptions) Our Order No. VC50011594.2 -5 The policy or policies to be issued will contain exceptions to the following unless the same are disposed of to the satisfaction of the Company: 20. TERMS, CONDITIONS AND PROVISIONS OF EASEMENT AGREEMENT RECORDED FEBRUARY 02, 2007 AT RECEPTION NO. 200702943. 21. TERMS, CONDITIONS AND PROVISIONS OF SOIL NAILS EASEMENT AGREEMENT RECORDED MARCH 07, 2007 AT RECEPTION NO. 200705994. 22. NO KNOWN MATTERS OTHERWISE APPROPRIATE TO BE SHOWN HAVE BEEN DELETED FROM THIS REPORT, WHICH IS NOT A POLICY OF TITLE INSURANCE BUT A REPORT TO FACILITATE THE ISSUANCE OF A POLICY OF TITLE INSURANCE. 23. FOR PURPOSES OF POLICY ISSUANCE, NO ITEMS HAVE BEEN ELIMINATED ON THE BASIS OF AN INDEMNITY AGREEMENT OR OTHER AGREEMENT SATISFACTORY TO THE COMPANY AS INSURER. LAND TITLE GUARANTEE COMPANY and LAND TITLE GUARANTEE COMPANY - GRAND JUNCTION DISCLOSURE STATEMENTS Note: Pursuant to CRS 10 -11 -122, notice is hereby given that: A) The subject real property may be located in a special taxing district. B) A Certificate of Taxes Due listing each taxing jurisdiction may be obtained from the County Treasurer's authorized agent. C) The information regarding special districts and the boundaries of such districts may be obtained from the Board of County Commissioners, the County Clerk and Recorder, or the County Assessor. Note: Effective September 1, 1997, CRS 30 -10 -406 requires that all documents received for recording or filing in the clerk and recorder's office shall contain a top margin of at least one inch and a left, right and bottom margin of at least one half of an inch. The clerk and recorder may refuse to record or file any document that does not conform, except that, the requirement for the top margin shall not apply to documents using forms on which space is provided for recording or filing information at the top margin of the document. Note: Colorado Division of Insurance Regulations 3 -5 -1, Paragraph C of Article VII requires that "Every title entity shall be responsible for all matters which appear of record prior to the time of recording whenever the title entity conducts the closing and is responsible for recording or filing of legal documents resulting from the transaction which was closed ". Provided that Land Title Guarantee Company conducts the closing of the insured transaction and is responsible for recording the legal documents from the transaction, exception number 5 will not appear on the Owner's Title Policy and the Lenders Policy when issued. Note: Affirmative mechanic's lien protection for the Owner may be available (typically by deletion of Exception no. 4 of Schedule B, Section 2 of the Commitment from the Owner's Policy to be issued) upon compliance with the following conditions: A) The land described in Schedule A of this commitment must be a single family residence which includes a condominium or townhouse unit. B) No labor or materials have been furnished by mechanics or material -men for purposes of construction on the land described in Schedule A of this Commitment within the past 6 months. C) The Company must receive an appropriate affidavit indemnifying the Company against un -filed mechanic's and material -men's liens. D) The Company must receive payment of the appropriate premium. E) If there has been construction, improvements or major repairs undertaken on the property to be purchased within six months prior to the Date of the Commitment, the requirements to obtain coverage for unrecorded liens will include: disclosure of certain construction information; financial information as to the seller, the builder and or the contractor; payment of the appropriate premium fully executed Indemnity Agreements satisfactory to the company, and, any additional requirements as may be necessary after an examination of the aforesaid information by the Company. No coverage will be given under any circumstances for labor or material for which the insured has contracted for or agreed to pay. Note: Pursuant to CRS 10 -11 -123, notice is hereby given: This notice applies to owner's policy commitments containing a mineral severance instrument exception, or exceptions, in Schedule B, Section 2. A) That there is recorded evidence that a mineral estate has been severed, leased, or otherwise conveyed from the surface estate and that there is a substantial likelihood that a third party holds some or all interest in oil, gas, other minerals, or geothermal energy in the property; and B) That such mineral estate may include the right to enter and use the property without the surface owner's permission. Nothing herein contained will be deemed to obligate the company to provide any of the coverages referred to herein unless the above conditions are fully satisfied. Form DISCLOSURE 09/01/02 • PRIVACY POLICY We are Committed to Safeguarding Customer Information In order to better serve your needs now and in the future, we may ask you to provide us with certain information. We understand that you may be concerned about what we will do with such information - particularly any personal or financial information. We agree that you have a right to know how we will utilize the personal information you provide to us. Therefore, together with our parent company, the First American Corporation, we have adopted this Privacy Policy to govern the use and handling of your personal information. Applicability This Privacy Policy governs our use of the information which you provide to us. It does not govern the manner in which we may use information we have obtained from any other source, such as information obtained from a public record or from another person or entity. First American has also adopted broader guidelines that govern our use of personal information regardless of its source. First American calls these guidelines its Fair Information Values, a copy of which can be found on our website at www.firstam.com. Types of Information Depending upon which of our services you are utilizing, the types of nonpublic personal information that we may collect include: * Information we receive from you on applications, forms and in other communications to us, whether in writing, in person, by telephone or any other means; * Information about your transactions with us, our affiliated companies, or others; and * Information we receive from a consumer reporting agency. Use of Information We request information from you for our own legitimate business purposes and not for the benefit of any nonaffiliated party. Therefore, we will not release your information to nonaffiliated parties except: (1) as necessary for us to provide the product or service you have requested to us; or (2) as permitted by law. We may, however, store such information indefinitely, including the period after which any customer relationship has ceased. Such information may be used for any internal purpose, such as quality control efforts or customer analysis. We may also provide all of the types of nonpublic personal information listed above to one or more of our affiliated companies. Such affiliated companies include financial service providers, such as title insurers, property and casualty insurers, and trust and investment advisory companies, or companies involved in real estate services, such as appraisal companies, home warranty companies, and escrow companies. Furthermore, we may also provide all the information we collect, as described above, to companies that perform marketing services on our behalf, on behalf of our affiliated companies, or to other financial institutions with whom we or our affiliated companies have joint marketing agreements. Former Customers Even if you are no longer our customer, our Privacy Policy will continue to apply to you. Confidentiality and Security We will use our best efforts to ensure that no unauthorized parties have access to any of your information. We restrict access to nonpublic personal information about you to those individuals and entities who need to know that information to provide products or services to you. We will use our best efforts to train and oversee our employees and agents to ensure that your information will be handled respnsibly and in accordance with this Privacy Policy and First American's Fair Information values. We currently maintain physical, electronic, and procedural safeguards that comply with referral regulations to guard your nonpublic personal information. 2001 The First American Corporation All Rights Reserved NOTICE OF PRIVACY POLICY OF LAND TITLE GUARANTEE COMPANY, INC., A COLORADO CORPORATION AND MERIDIAN LAND TITLE, L.L.C., A COLORADO LIMITED LIABLITY COMPANY, D /B /A LAND TITLE GUARANTEE COMPANY - GRAND JUNCTION This Statement is provided to you as a customer of Land Title Guarantee Company, a Colorado corporation and Meridian Land Title, LLC, d/b /a Land Title Guarantee Company - Grand Junction. We want you to know that we recognize and respect your privacy expectations and the requirements of federal and state privacy laws. Information security is one of our highest priorities. We recognize that maintaining your trust and confidence is the bedrock of our business. We maintain and regularly review internal and external safeguards against unauthorized access to non - public personal information ( "Personal Information "). In the course of our business, we may collect Personal Information about you from: * applications or other forms we receive from you, including communications sent through TMX, our web -based transaction management system; * your transactions with, or from the services being performed by, us, our affiliates, or others; * a consumer reporting agency, if such information is provided to us in connection with your transaction; and * the public records maintained by governmental entities that we either obtain directly from those entities, or from our affiliates and non - affiliates. Our policies regarding the protection of the confidentiality and security of your Personal Information are as follows: * We restrict access to all Personal Information about you to those employees who need to know that information in order to provide products and services to you. * We maintain physical, electronic and procedural safeguards that comply with federal standards to protect your Personal Information from unauthorized access or intrusion. * Employees who violate our strict policies and procedures regarding privacy are subject to disciplinary action. * We regularly access security standards and procedures to protect against unauthorized access to Personal Information. WE DO NOT DISCLOSE ANY PERSONAL INFORMATION ABOUT YOU WITH ANYONE FOR ANY PURPOSE THAT IS NOT PERMITTED BY LAW. Consistent with applicable privacy laws, there are some situations in which Personal Information may be disclosed. We may disclose your Personal Information when you direct or give us permission; when we are required by law to do so, for example, if we are served a subpoena; or when we suspect fraudulent or criminal activities. We also may disclose your Personal Information when otherwise permitted by applicable privacy laws such as, for example, when disclosure is needed to enforce our rights arising out of any agreement, transaction or relationship with you. Our policy regarding dispute resolution is as follows. Any controversy or claim arising out of or relating to our privacy policy, or the breach thereof, shall be settled by arbitration in accordance with the rules of the American Arbitration Association, and judgment upon the award rendered by the arbitrator(s) may be entered in any court having jurisdiction thereof. Fonn PRIV.POL.LTG.1 Warren Campbell From: Dyer, Penny (Denv) <Dyer @ballardspahr.com> on behalf of Clowdus, W. Michael (Deny) <Clowdus @ballardspahr.com> Sent: Thursday, October 21, 2010 3:26 PM To: Warren Campbell C tbrink @semperdev.com; Allen, Gwendolyn (Denv) Subject: One Vail Road Resort Final Plat and Condominium Maps Attachments: Declaration.doc Warren Campbell, AICP, LEED AP Chief of Planning, Town of Vail Community Development Department Warren, It was good speaking with you this morning. Thank you for taking the time to review the underlying structure of the One Vail Road Resort project and how that structure is being implemented through the final plat and condominium maps. Attached are the Recitals and Article 1 General from the current version of the Resort Declaration of Covenants, Conditions and Restrictions for One Vail Resort. For purposes of your memorandum and the PEC meeting, these two sections give the best overview of the structure and the terminology we have tried to use consistently throughout all the documents. If your review raises any questions, please do not hesitate to contact me. I am calendared to be in Vail for the PEC meeting at 1:00 p.m. on Monday, November 8 and will be prepared to respond to any questions from the Commission you ask me to address. Also, I would be happy to look at your memorandum to the Commission prior to submittal if that would be of assistance to you. Hopefully, the attached provisions of the Resort Declaration will make preparation of your memorandum somewhat easier. Again, good talking to you this morning. Mike 1 St" -tt • TOWN OF VAIL Department of Community Development 75 South Frontage Road Vail, Colorado 81657 THE HOLIDAY HOUSE CONDOMINIUM ASSOCIATION ATTN: JAMES T. WATSON 6999 S. BEMIS ST. LITTLETON, CO 80120 x' 02 DE 1 00 10./27/1 RETURN TO SENDER NOT DELIVERABLE AS ADDRESSED U)4AOL E TO PORWARD MC: 01155 7.504075 5 k1479 02959 -.22 -4 464 RECYCLED PAPER I U F b 1 1 J o 0 T y g j W FZ ER C >O r Q O: p ° `.J o° w ,_ a O w "° a . 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