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Home My WebLink AboutDRB110535 ��i�r� I��i�� r��l ��TI��I F�F�1�1 � - � � � ��rtrr��r�t �f ��r�r��r�i�� I��r��r�� # �.� �� Fr�r�t�� F�� i I� ��I�r�� 1�.�� I: ��.��.�1�� f��; ��,��.��.�� 1�1.��1'-'i C�wEL��i_�- �� .��I��f�l Project Name: Vail Professional Bldg stairs DRB Number: DR6110535 Project Description: install outdoor staircase to facilitate pedestrian access to the Vail Professional building from the Frontage Rd. Participants: OWNER SOHO DEVELOPMENT LLC 10/24/2011 ATTN FIXED ASSETS DEPT 390 INTERLOCKEN CRES STE 1000 BROOMFIELD CO 80021 APPLICANT VAIL RESORTS INC 10/24/2011 Phone: 970-754-2501 DBA VAIL CORP UNDER SOHO DELVEOPMENT LLC PO BOX 7 VAI L CO 81658 Project Address: 953 S FRONTAGE RD WEST VAIL Location: Vail Professional Building Legal Description: Lot: Block: Subdivision: Unplatted Parcel Number: 2103-121-0000-2 Comments: See conditions BOARD/STAFF ACTION Motion By: Action: STAFFAPP Second By: Vote: Date of Approval: 10/28/2011 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: 0 (PLAN): DRB approval does not constitute a permit for building. Please consult with Town of Vail Building personnel prior to construction activities. Cond: 201 (PLAN): DRB approval shall not become valid for 20 days following the date of a pprova l, pu rsua nt to the Va i l Town Code, Cha pter 12-3-3: APPEALS. Cond: 202 (PLAN): Approval of this project shall lapse and become void one (1) year following the date of final approval, unless a building permit is issued and construction is commenced and is diligently pursued toward completion. Cond: CON0012291 The applicant shall plant a minimum of three 5-gallon shrubs (potentilla, red twig dogwood, etc.) no later than May 31, 2012, in locations which will provide adequate screening of the stairs as the plants mature. Planner: Warren Campbell DRB Fee Paid: $250.00 I I #***#####*Ma*##########*#####*ffi**###*****%k*#####�#####*###�k##*##*###�k##****####*##�k##*#**#*#4 TOWN OF VAIL, COLORADO Statement ************+*****************************************+++*************************�********* Statement Number: R110001540 Amount: $250.00 10/24/201101:46 PM Payment Method:Credit Crd Init: LC Notation: CREDIT CARD FROM JEFF BABB, VAIL RESORTS ----------------------------------------------------------------------------- Permit No: DRB110535 Type: DRB-Minor A1t,Comm/Multi Parcel No: 2103-121-0000-2 Site Address: 953 S FRONTAGE RD WEST VAIL Location: Vail Professional Building Total Fees: $250.00 This Payment: $250. 00 Total ALL Pmts: $250.00 Balance: $0.00 �+****************************************************************************************** ACCOUNT ITEM LIST: Account Code Description Current Pmts -------------------- ------------------------------ ------------ DR 00100003112200 DESIGN REVIEW FEES 250.00 ----------------------------------------------------------------------------- Department of Community Development 75 South Frontage Road ��w� �F �� Vail, CO 81657 Tel:970-479-2128 www.vail ov De r�t v�v�d�d�t r LS ►� Application for Design Review OCT 2 4 2011 Minor Exterior Alteration �� General Information: This application is required for all proposals involving minor chang � u ments, such as roofing, painting, window additions, landscaping, fences, retaining walls, etc. Applicable Vail Town Code sections can be found at www.vailqov.com under Vail Information-Town Code Online. All projects requiring de- sign review must receive approval prior to submitting a building permit application. An application for Design Review cannot be accepted until all required information is received by the Community Development Department, as outlined in the submittal requirements. The project may also need to be reviewed by the Town Council and/or the Planning and Environmental Commission. Design review approval expires one year from the date of approval, unless a building per- mit is issued and construction commences. Fee: $250 for Multi-Family/Commercial $20 for Single Family/Duplex Single Family Duplex Multi-Family ��Commercial DescriptiOn of the Request: Install outdoor staircase to facilitate pedestrian access to the Vail Professional Building from the Frontage Road. Physical Address: 953 South Frontage Road ParCel Number: 2103-121-00-002 (Contact Eagle Co. Assessor at 970-328-8640 for parcel no.) Property Owner: Vail Resorts, Inc dba Vail Corporation under Soho Development, LLC. Mailing Address: PO Box 7,Vail CO 81658 Attn:V29 Phone: 970-754-2501 Owner's Signature: � �� ' �- V `' ffrey Babb Primary Contact/Owner Representative: Mailing Address: PO Box 7, Vail CO 81658 Attn: V29 Phone: 970-754-4008 E-Mail: Jeffb@vailresorts.com Fax: 970-754-3049 For Office Use Only: e Cash_ CC: is / MC Last 4 CC#� Exp. Date:� �� Auth # Check# Fee Paid: �25�• Received From: t�-� Meeting Date: DRB No.: �� \ 6�3 Planner: Project No: �� - ��((S' Zoning: Land Use: Location of the Proposal: Lot: Block: Subdivision: i'OWN OF VAIL# JOINT PROPERTY OWNER WRITTEN APPROVAL LETTER The applicant must submit written joint property owner approval for applications affecting shared ownership properties such as duplex, condominium, and multi-tenant buildings. This form, or similar written correspondence, must be com- pleted by the adjoining duplex unit owner or the authorized agent of the home owner's association in the case of a con- dominium or multi-tenant building. All completed forms must be submitted with the applicants completed application. I, (print name) , a joint owner, or authority of the association, of property located at , provide this letter as written approval of the plans dated which have been submitted to the Town of Vail Community Development Department for the proposed improvements to be completed at the address not- ed above. I understand that the proposed improvements include: NOT APPLICABLE (Signature) (Date) Additionally, please check the statement below which is most applicable to you: I understand that minor modifications may be made to the p/ans over the course of the review process to ensure compli- ance with the Town's applicab/e codes and regulations. (Initial here) l understand that all modifications, minor or otherwise, which are made to the p/ans over the course of the review pro- cess, be brought to my attention by the applicant for additional approva/before undergoing further review by the Town. (Initia/here) �ill � ��►� � Li ke noth i ng on earthT: 21 October 2011 Application for Design Review Minor Exterior Alteration Design Review Board, The purpose of this application is to request approval for an outdoor staircase to be installed along the south property line of the Vail Professional Building located at 953 South Frontage Road. This staircase would provide for a safe, convenient access point from the South Frontage Road into the building's parking lot. Vail Mountain has recently relocated several of it's office spaces into the Vail Professional Building, including Human Resources, and pedestrian traffic to and from the building is expected to increase somewhat necessitating the need far this improvement. The structure of the staircase will be painted a darker brown color to adhere to DRB guidelines and blend with the surrounding area. Any disturbed soil will be revegetated with either Vail Mt Mix natural grass blend or new grass sod. The actual stair treads will left in their manufactured state of galvanization. Two to 3 bushed will be installed on the east side of the stair installation area to further shield it from view while not blocking a pedestrian view corridor. Thank you for your attention to this application and please let me know if you have any questions or concerns. � �T Jeffrey Babb Vail Resorts Operations Director (970) 754-4008 ;e� ffbnae,vailresorts.com Post Office Box 7 • Vail, Colorado 81658 • 970-754-2500 • www.vail.com �.[r"p,f�.Ca.oy_u �-7vaa.r,.. • � _ � ��, .��ti�-;:.� . . �. Land Title Guarantee Company /-�� :�� Date: Sepfember 07, 2005 ��' �, �J �f- SOHO DEVELOPMENT LI.,C,A COLORADO LIMITED LIABILTTY CO NY PO BOX 7 VATL, CO 81657 Enciosed please find the title insurance policy for your properry located at 953 AND 1031 FRONTAGE ROAD VAIE.CO 8165'1 -- The following endorsements are included in this policy: Deletion of BxcepEions 1-3 Deletion of General Exception 4 Endorsement 103.7 ' Please review this policy in its entirety. Tn the event that you find any discrepancy, oz if you have any questions regarding your�nal tifle policy, yau may contact Title Department Phone:970-476-2251 Fax: Please refex to our�rder No. VC50009977 Should you deeide to sell the property described an this policy, or if yau are zequired to purchase a ne�v title commitment for mortgage purposes, you may be entif�ed to a credit toward future title insurance premiums. Land Tifle Guarantee Company will retain a copy of this policy so we will be ablc to provide future pzoducts and services to you quickly and efficiently. Thank you for giving us the opportunity to serve you. Sincerely, Land Title Guarantee Company � American Land Title Association ' OWNER'S PG�:CY � (10-17-92) CHICAGO TITLE INSURANCE COMPANY SUBJECT TO THE EXCLUSIUNS FROM COUEftAGf,THE EXCEPTIONS FRUM COUERAGE CONTAINEO IN SCHEbULE B AND THE CONDfTlONS AND S7IPULATIDNS,CHfCAGO T1TlE INSURANCE COMPANI',a Missouri surparation,herein called the Company,insures,as of Date of Poliey shown in Sehedule A,against lass or damage,not exceeding tbe Arnoant of Insurance staied in Sehedule A,sustained or incurred by the insured by reasan of: l. Title ta the estate or interest described in 5chedule A beinp vested other ihan as stated therein; 2. Any defecl in or lien ar encumbrance on the title; 3. Unmarketability of the title; 4. Lack of a righl of aceess tu and from the land. ihe Company will also pay ihe casts,attorneys'fees and expenses incurred in defense of the title,as insured,but only to the extent provided in the Conditians and Stipulatians. IN WITNESS WHEREUF,the said CHICAGO TITLE INSURANCE CONIPANY has caused this policy to he sipned and sealed as af Date of Policy shown in Schedule A,the policy ta become vafid when couniersigned by an authariied sipnatory. EXCLUSIONS fRbM COVERAGE The fnllowing roatters are expressiy excluded from the eoverage of this policy and the Company will not pay foss or damage,eosts,attorneys'fees or expenses which arise by reason of: t. {a}Any law,ordinance or governmental regulation(including 6ul not limited la building and zoning laws,ordinances,nr regulatians)restricting,regulating,prahibiting of�elating tu{il ihe oecupapcy,use,or enjayment af tf�e land;fiil tha character,dimensions or locaiion of any impravement now or hereafter erected an the Eand;Gii} a separation in ownership or a change in the dimensions ur area of tfie land or any parceE of which the land is ar was a part;or Iiv)environmental protection,nr the effect af any violation of t6ese laws,ordinanees or governmental regulations,exce¢t lo ihe eztent that a notice nf the enforeement thereaf or a notice of a defect,(ien ar encumhranee resulting from a violaiion or alleged violatian affecting the land has been reeorded in the public records at Date af Policy. �b► Any governmental police power not excluded by(a1 ahove,exoept to the extent that a notice of the exercise thereaf or a notice of a defect,lien ar encumbrance resulting from a violation or alleged violation affecting the land has been recorded in the pubfic recards at Date a#PoGcy. 2. Rights of eminent domain unless notice of tfie exercise thereaf has 6ean recorded in the puhlic racords at bate of Policy,6ut nat ezcluding from coverage any taking which has occurted prior to pate of PaEicy which wauld be binding on the rights a#a purchaser for value without knowledga. 3. Defects,liens,encumhrances,adverse claims,or other matters: (a)crealed,suffered,assumed or agreed to by the insured claimant; tb)not known to the Campany,not recorded in the public records at pate nf Polisy,but known to(he insured claimant and nat diselosed in writing ta the Cnmpany by t6e insured claimant prier to the date tha insured claimant became an insured under lhis poliey; {c) resulting in no loss or damage to the insured elaimanC {d) attaehing or ereated subsequent to Date of Poli�y;ar (e)resuNing in loss ar damage which would nat have been sustained if the insared claimant had paid value for the estate or interest insured by this policy. 4. Any claim,which arises out of the Iransaction vesting in the Insured the estate or interest insured by this poliey,by reasan af the operatiun uf federai banktuptcy, state insolvency,ar similar creditori rights laws,that is 6ased an: (i}the transaction�reating 1he estale or interest insured 6y this policy being deemed a[raudulent eanveyance nr fraudulent transfer;or (iiJ the transaetion creating the estate or interest insured 6y this palicy beiog daemad preferential trans(er except where ihe preferential transfer results from the failnre: (a?to funefy record the instrument of trans(er,or �b}of such recardation to impart notica tu a purchaser for value or a judgment ar lien creditnr. CHICAGO TITlE INSiJRANCE COMPANY Issued through the Offiee af: I.AN6 TfTtE GUARANTEE COMPANY , . t08 S fRDNTAGE RD W k'203 ,��KSU!?A,y�, VA1L.CO 61657 o�.:oRPOR,yT;n �� (� � 970•476•2251 Q f�c, F;� v8 �� St � 'z C�GZ� �I � ° SEAL' ' Y � Authorized Signature .****.• � AD,CHI{Farm 8256} Couer Page 1 oE 3 �c)Whenever ihe Campany sha!!have 6rought an action or interposed a defense as CONDITIONS ANO STIPULAFIONS re�uired or permitted by the provisions of this policy,ihe Company may pursue any litigation ta final deierminatian 6y a court af competent jurisdictian and erpressly 1. Definition af Terrns. reserves the right,in its sale discretian,to appeai frnrn any adverse judgmeot ar arder. The follnwing terms vihen used in this policy mean: (dy In all cases where this policy permits or requires tfie Company to prasecufe o-r (a}"irtsured":the insured named in Scheduie A,and,suhJecf to any rights or defenses provide for the dafense ot any actian or proceeding,the iasured shall secure to the the Company wauld have had against the named iesured,thase w6o suceeed Campany the right to sa prosecute or provida defertse in ihe astion ar proceeding,and all to ihe interest of the named insured 6y operatian af law as distinguishad from appeals therein,and permit the Campany to use,at its option,the name of the insured for purchasa iocluding,but not limited to,heirs,distributees,devisees,survivors, tbis purpnse.Whenever requesfed hy the Campany,the insured,at the Company's expense, penonal representatives,next of kin,or carporate or fiduciary successors. shall giue the Cumpany a!I reasonable aid(i)in any action or pro�eeding,sacuring {b)"insured claimant":an insured claiming loss or damage. evidence,obtainieg witnesses,prosecuting or defending the actian ar proceeding,or (e}"knawledge"nt"known":aetual knowledge,not consttuctive knowledge ar notice effecting settlement,and{ii)in any other lawfal act which in t6e opinion of the Company whieh may 6e imputed to an insured hy reason of the puhlie recards as defined in ihis poGcy may 6e necessary or desireable ta establish�he title to the estate or interes�as insured. or any ather reeords which impart constructive natice af matters affecting the land. ff the Company is prejudiced by the failure of the insured to furnish tfie required Id�"land":the land described ar referred to in Schedule A,and improvements affixed coaperetion,the Campany's o6figations to the insured onder the policy shali term'snate, fhereto which by faw sonstitute real property.The tetm"land"does nat inelude any property incfuding ahy liability ar o6ligatiun to defend,prosecute,ar continue any litigation, heyond the lines of the area described or referred to in Schedule A,nor any ripht,titfe, with repard to the matter ar matters requiring such caoperation. interest,estate or easeroent in abutting streets,roads,avenuas,alleys,lanes,ways or waterways,but nothing harein shall modify or limit the extent to which a right of access 5. Proof nf Loss or Damape. to and from ihe land is insured by ihis policy. In addition ta and after the notices required under Section 3 of these Cunditions le)"mortgage":mortgage,deed af trust,trast deed,or other seeurity instrument. and Stipulatians have been provided the Cnmpany,a proaf o{lass or damage signed aad �f}"pu6lic records":records established under state statutes at Date of Policy tor lhe sworn to hy the insured elaimant shaii be furnishad to the Company wilhin 90 days after Ihe purpose of impartmg sonstructive notiee of matters relating to reaf property to purc6asers insured claimant shall assertain the facts giving rise to the ioss ar damage.Fhe proof of far valua and withaut knowledge.With respe�t fu Seclion 11a11ivy af the Exclusions fram loss or damaga shall dsscribe the defect in,or fien o►encumbrance on the fitle,or oiher Caverege,"public recards"shall also ioclude environmeotal protection liens filad in the matiet insured against by this policy which�onslitutes the basis of tnss or damage and records ai the clerk of the United States district court for the distriet in which the land shall slate,to the extent possible,the basis of salculating the amount of the loss or is focated. damaga.If the Company is ptejndiced by the failure of the insured claimant to provide {g) "unmarketability of the title":an alleged ar apparent matter affecting the tille to the required ptoaf of loss or damage,the Company's obligations to the insured underthe fhe land,not excluded or excepted from caverage,which would eniitle a purchasar uf the polisy sha![terminate,iocluding any liability or obligatian ta defend,prosecute,or estate or interest described in Schedule A ta 6e released fram the obfigation to purchase cantinue any litigation,with regard to the matter ar matters requiring such proaf of by vitture nf a eontraetual canditian requiring the delivery af marketahle titfe. lass nr damage. In addition,the insured claimant may reasonably be required ta suhmit to examination 2. Continuation of Insarance After Gonveyanee of Title. under oath by any authorized representative of the Company and shall praduce for examination, The fallowing coverage of this policy shall continue in farce as of Date of Policy in favor inspectian and copy'tng,at such reasanable times and places as may be designated hy any of an insured only so]ong as the insured retains an eslate orinterest in the land,or holds an authorized representative of the Company,all records,hooks,ledgers,checks,carresQondence indebtedness secured by a purchase money moMgage given by a purchaser fram the insvred, and memoranda,whether bearing a date before or after Dafe of Pulicy,which reasonabfy or only so lonp as the insured shall have liability by reason of covenants of warranty made pertain to the loss or damage.Forther,if requested by any aathorized representative of by the insured io any transfer or conveyanee of the estate or interest,This palicy shall fhe Company,the insured claimant shall grant ils permissian,in writing,for any not sonEinua in force in favor uf any purchaser from tbe insured af either(�an estate authorized representalive of the Campany to examine,inspect and copy all records,books, ar interest io the land,or fiii an indeGtedness secured by a purchase money martgage given ledgers,checks,carrespondense and memoranda ia the eusiody or cantrol of a third party, to the insured. which reasanahfy pertain to the loss or damaga.A!i informatian designated as cnnfidential by the insured claimant pravided to the Company pursuam to this Section shall nat be 3. Alotice of Claim to be Given 6y Insured Claimant. diselosed to oihers unless,in the reasonable judgtnent of the Company,it is necessary in The insured shafl notify the Company promptfy in writing(i)in case of any litigation the adminisiratian of the claim.Faifure af the insured claimant 10 submit fnr examination as set forih in Seetion 4{a}befow,►ii)in case knowledge shall come ta an insured heteunder under oath,produce other reasonably requested information or grant permission to secure of any cEaim of title or interest which is adverse to the titfe to the estate or inlereat,as reasanably necessary informatian from third parlies as required in this paragreph insured,and which might cause loss ar damage for which the Company may he liable by virtue af shap terminate any liabilicy of the Company under this policy as to that claim. of tf�is policy,or{iiiE if tiile ta the estate or intetest,as insured,is tejected as unmarketable. If prompt notice shall not be given to the Company,then as ta the insured ail liability of 6. DRtions to Pay ar Otherwise Sattla Claims;Tetmination of Lia6ili� the Company shall terminate with regard ta tha matter or matters for which prompt notice is In ease of a claun under this policy,the Company shal{hava the following additional reqnired;provided,hewever,fhat failure to notify the Company shafl in no case prejudice the options: rights of any Insured undef this pofiey unless the Company shall 6a prejud'tced by the fallure (a)To Pay or Tender Payment of the Amount of Insurance. and then only to the extent af the prejudice. To pay or tender payment of the amaunt af insurance under this policy together with any eosts,attornays'feas and expenses incurrad by the insured claimant,which were 4. Defense and Proseeution of Actions;Dot of Insured Claimant to Cao erale. authoraed by the Company,up to the time of payment or tender af payment and which the Ia►Upon written request by the insured and suhjeet to the aptiuns cantained in Section 6 of Company is obligated to pay, these Conditions and Stipulations,the Company,at its own cost and without unreasonable Upon the axercise by the Company af ihis optian,al!fiability and ohligations ts defay,shall provide for the tAe defense ot an insured in litigatiort irt whieh any third parly Ihe insured under this policy,at6er than to make payment required,shall terminate, asserts a claim adverse to the title or inferest as insured,but only as tn those stated causes includinp any liahilily or obligatian to detend,prosecute,or cantinue any litigation,and of a�fion alleging a defeel,Gen or encambtance o�other matter insured against by this poficy, the policy shall6e surreodered ta the Company far eanceffation. The Cnmpany shall have the ripht to select counsel oE its choice(sabject to the right af the (b)To Pay or Othetwisa Settle With?arties piher Than the Insured or Wi�h the insured to o5ject for reasonable caase)to represeni the insured as to those stated causes of Insured Claimant. action and shal!not be{iahle for and will not pay the fees af any ather eounsel.The Campany G)to pay or otherwise setlle with other par�ies for or in the name of an will no1 pay any fees,eosts or expenses incurred by tha insured in the defense of those insured claimant any claim insured against under this policy,together wiih any cosEs, causes of aetioe which ailege matlers not insured against by this poficy, attarneys'fees and expenses incurred by the iosured claimant whieh were authorized 6y tfie (b)The Company shall have the right,at its own cosi,to iostitute and prosecute any Company up to the time af payment and which ihe Company is abligated to pay;or action ar ptoceeding or to do any other acl which in iis opinion may be necessary or Iii)to pay or atherwise settle with the insured claimant the loss or damage desirable!a establish the tiile ta the estate or interest,as insured,or to prevent or provided for under this policy,together with any costs,attorneys'fees and expenses reduce loss or damage to the insured.The Campany may take any appropriate action Under incurred by the iosured claimant which were authorized by the Company up to the tane of the fertns af this poliey,whether or nat it shal[be liable hereunder,and shall nnt tfiereby payment and which the Company is o6ligated to pay. concede liability ar waive any provision of this policy.If the Campany shall exercise its Upon the exercise by the Campany of either of the aptions providad for in paragraphs rights under this parepraph,it shall do sa diligently. (bJp)or fi1,the Company's obligations ta the insnred under this policy for the etaimed loss or damage,other than the paymenls required 10 be made,shall teiminate,including any liability or nblipation ta defend,prosecute,or eont+nue any litigation. AO.CHI.2 Cover Page 2 of 3 7. Uetetmination,Extent af I.iabiE'tty and Coinsvrance. 13. Su6rogatiun UDOn Payment nf SettEement. This palicy is a contraet of indemnity against actval manelary loss or daroage (a1 The Campany's Ripht of Su6ragation. sustained or ineurred by the insured claimant wha has suffered loss ar damaga by Whenever the Company shall have settled and paid a claim under this po{icy,all reason of matters insured against by this pnlicy and only ta tAe extent herein described. right af subrogatiun shall vesf in the Campany unaffested by any act of the insured (a} The iiability of the Company under this policy shall nat exceed the least af: claimant. li�the Arnount af(nsurance stated in Schedule A;or, The Company shalf be subrogated to and be entitled to all rights and remedies which �iiE the d'Ifferenee between the value af the insuteG eslate or interest as the Ertsured cEaimant would have had against arty person or proPerty in respect to the insured and the value of the insured estate or ieterest su6ject tu the defeet,fien or claim had this policy nat been issued.If requested bY the Company,the insured encumbrance insured against hy this policy. efaimaot shall trartsfer to the Company all rights and remedies against any parsoa ur (bJ ln the event the Amount ni insurance stated in 5chedule A at the Date of Policy praperty nacessary in order to perfect this right o{su6rapation.The insured claimant is less than 80 parcent of the value of the insared estate or interest or the full shall petmit the Company to sue,compromise or settle in the name of the insured consideratinn paid for the land,whichever is less,or iF subsequen!to the Data of claimant and to use the name of the insured claimant in any transaction ar litigalion Polisy an improvement is ereeted an the land which iecreases!he value of ihe insured involving these rights or remedies. estate or inierest by at feast 20 percent over the Amount of Insurance stated in If a payment on account of a claim does not fully cover the loss of t6e insured Schedufe A,then this palicy Is subject to the follawing: claitnant,ihe Compatty sha11 ke subropated to these rights artd remedies in the ii)where no subsequent improvemenl has been made,as to any paKial loss, proportion whieh the Company's paymant bears to the whole amount of the loss, the Company shafl on{y pay the loss pro rata in the proportion that the amounl of If lass should tesult fram any aet of the insured claimant,as staled above, insurence at Date of Policy bears to the tota)value af tha insured estate or interesl that act shalf not void this palicy,but the Company,in that event,shall be required at Date af Policy;nr to pay onfy that pa�!af any losses insured against by ihis poficy w6ich shalf exceed (ii}where a subsequent impravement has been made,as to any partial loss, the amount,if any,lost!o the Company by reasan of the impairment by the insured the Company shall unly pay the lass pro rata in the praportion that t20 percent of the claimant of the Company's right of subrogatian. Amount nf Insurance stated in Schedule A bears to the sam of the Amourtt of Insurance {b}The Company's Riphts Apainst Non•insured Obfigors. stated in 5chedule A and the amount expended far the improvement. The Company's right of subragation against nart•insured obfigors sfiaA exist and The provisions of ihis paragragh sha11 not apply to cosls,aitorneYs'fees and shali include,without limitation,the rights of the insured ta indemnities,guaranties, expenses far which the Campaoy is liable under this policy,and shall only apply to that eiher polieies of insurance or bonds,notwithstanding any terms or conditions oontained portian nf any loss which exceeds,In the aggregate,l0 percent of the Amount of(nsurance in those instrumenls which provide for subrogatian rights by reason af this pnlicy. stated in Schedule A. (cE The Company will pay only those costs,aitarneys'fees and expenses incuRed 14. Arbitration. in accordance with Section 4 of thase Conditians and Stipufations. Unless prahibited 6y applieable faw,either the Campany or the insured may demand arbitration pursuant to the Title Insurance Atbitratiart Rulss oE the American 8. ApDartionment. Arbitratian Assaciation.Arbitrable matters may include,bui ara nat limited fo,any If the fand dascribed in Schedule A consists of two or mote parcels which are not controversy or claim 6etween the Campany and the insured arising oat nf or relating to used as a single site,and a]oss is established affecting one or more of the pareels hut this po6cy,any senriee of the Company in cunnectino wilh its issuance or ihe bteach not all,the loss shall he computed and setcled on a pro rata basis as if the amount of of a paficy provisian or other obfigatioo.A!!arbitrable matters when the Amount of insurence under this policy was divided pro rata as to the value on Date of Policy of lnsurance of 5 i,000,000 ot less shal!be arbitratad at the optiart of aither the Compaoy each separafe patce{to the whole,exclusive of any improvements made subsequent to Date or the insured.AII arbitrable matters when the Amount of Insuronce is in excess of of Poiicy,anless a liability or value has atherwise been agreed apan as to each patcel $1,OOO,D00 shall 6e ar6itrated on[y when agreed tn by 6oth the Campany and tha insured. by tbe Caropany and the insured at the time of the issuance of this poGcy and shown hy Arbitration pursuant to this policy and under the Rules in effeel an Ihe date the demand an express statemant or by an endorsement attached ta this palicy. for arbitratiun is made or,at the optian of the insured,the Rules in effeot as UaEe of Policy shaff be binding upon tha partier. The award may include attorneys'fees 9. Limitation of Liability. only if the laws of the state in which the land is located pertnit a cowt to award {a)!f the Company estaClishes the title,or removes tha alleged defect,lien ot aitorney's faes to a prevailing party.Judgment uport the award rendered 6y the eneumbrance,or eures the lack of a right ot aceess ta ar from tha land,ar cures lha Arbitratar{s}may be entered in any court having jarisdietion ihereof. cla�n of unmarketabifity of ticle,all as insured,in a reasonabfy diligent manner by The law af the situs of the(and sha31 apply to an arbitralion under lhe 7itle any methad,incfuding lltigation and the completion of any appeals therefrom,it shall Insuronee Arbittatian Rules.A copy uf the Rules may be obtained from ihe Company have fully performed its abligations with respect to that matter and shalf noE be liahle upon request, for any loss ar damage caused thereby. {b�In the event o#any litigation including litigation by the Company or with the 15. LiabititV L'�mited to this Poliey;PolicY Entire Contract. Campany's eansenE,the Company sha11 have no liability for loss ar damage until there has (a)This policy tngether with al1 endorsements,if any,attached hereto by the 6een a final determinatinn hy a court af compelent jurisdiction,and dispasition of Eompany is the entire policy aad coniract hetween the iasured and the Campany.In all appeals therefrom,adverse to the tit�as insured. interpreting any provision of this policy,this poliey shall be canstruad as a whole. lc?7he Company shall not be liable for loss or damage ta any insured for lia6ility {b)Any claim of loss or damage,whether or not hased on negligenee,and which voluntarily assumed by the insured in setiling any claim or suit without the prior arises out nf the status af tbe title ta the estate or interest co'vered hareby or 6y written consent of the Campany. any action asseAing sueh claim,shall be testricted to this policy. (c)No amendment of or endorsement to this poliey can be made except by a writing 10. Reduction of Insurance;Reduction nr Tetminatian of Liahility. endarsed hereon or attached hereto slgned 6y either the Presidaot,a Viee President, Afl payments under ihis pnlicy,except payments made for costs,attomeys'fees 1he Secretary,an Assistant Secretary,arvalidating officer or authorized signatory and expenses,shall reduce the amount of the insurance pro tanta. of the Company. I1. liahilitYNoncumulative. 16. Severab'siitv. It is expressly understood that ihe arnouat of insuranse under this poliey shall In the event any provisian of the palicy is hefd invalid ar unenforceabfe under be reduced by any amount the Company may pay under any poliey insuring a mortgage to applicabfe iaw,the policy shall be deemed nat to in�lude that provisian and all other which exception is iaken in Schedule 6 or to which the insured has agreed,assumed,or provisions shall remain in.tull farce and effect. taken subject,or which is hereafter ezecuted by an insured and which is a charge or � lien on the estate or interest describad or referred to in Sehedula A,and the amount i 7. Natices,Where Sent. so paid shall be deemed a payment uoder this policy to the insared owner. AB notices required to he given the Campany aod any statement in writing required 10 6e furnished the Cnmpany shall include ihe number of this policy and shall 6e 12. Payment af Loss. addressed to the Company at the issuing affiee or to: (a)Na paymenl shall 6e mada without producing this po�icy#or endorsement of the Chicago 7ille Insurance Company payment unless the policy has beert lost or dastroyed,in which case praof of lass or Claims Department , destructinn shall be furnished ta the satisfaction oE the Company. 171 North Clark Streef (b�When liabi�ity and the extent af loss or damage has been definitely Eixed in Chicago,IElinais 60601•3294 accordance with these Canditions and Stipulatians,the loss or damage shall be payable within 30 days thereafler. AO.CHl.3 Covar Pape 3 ot 3 LTG Policy No. CTAISOOa9977 Form AOICffi Chicago Policy No. 72106-1377897 Oac Order No. VC50009977 Schedule A Amount $10,000,000.00 �J Property Address: 953 AND 1031 FRONTAGE ROAD VAIL CO 8I657 �' 1. Policy Date: August 12, 2005 at 5:00 P.M. Z. Name of Insured: SOHO DEVELOPMENT LLC, A COLORADO LTMITED LIABILITY COMPANY "' 3. The estafe or interest in the land described or referred to in this Schedule and which is covered by this policy is: A Fee Simple � 4. Title to the estate or interest covered by this policy at the date hereof is vested in: SOHO D�VBLOPMENT LLC, A COLORADO LIMITED LIABILITY COMPANY '� 5. The land referred to in this policy is described as follows: SEE ATTACHED PAGB(S�FOR LEGAL DE,SCRTPTION This Policy valid only if Schedule B is attached. Land Title Guarantee Company Representing Chicago Titte Insurance Company � LTG Poticy No. CTAISaQ09977 Oar Order No. VCS0009977 LEGAL DESCliIPTI0A1 PARCEL 1: A PARCLL OF LAND SITUATED IN A PART OP THE NE1/4 Ol�THE NB�/4 OF SECTION 12, TOWNSHIP 5 SOUTH, RANGE 81 WEST OF THE SIXTH PRINCIPAL MERIDIAN, TOWN OR V,ATL, COUNTY OP EAGLE, STATB OF COLORADO, SATD PARCEL BEING MORE PARTICULARLY DESCRTBED AS FOLLOWS; BEGiNNING AT THE SDUTHWESTERLY CORNER OF TRACT A, SOUTH FRONTAGE ROAD SUBDTVISION, PER THE PLAT THERLOF RECORDED NOVEMBBR 6, 2000, UNDBR RECEPTION NO. 743424 IN THB OFPICE OF THB BAGLE COUNTY CLERK AND RECORDBD, SAID CORNER ALSO BEING ON THE NORTHERLY RIGHT OF WAY OP THE SOUTH FRONTAGE ROAD OP INTBR5TATE HIGHWAY NUMBER 70; THBNCE ALONG SAID NORTHERLY RIGHT OF WAY SOUTH 73 DEGREES 37 MINUTBS 52 SflCONDS WEST 200.00 PEET TO THB TRUE POINT OF BEGINIVING; THENCE CONTTNUING ALONG SAID N4RTHERLY RIGHT OP WAY SOUTH 73 DEGREES 37 MINUTBS 52 SECONDS WEST 519.60 FEET TO THE POTNT OF INTERSECTION OP SAID NORTHERLY RIGHT OP WAY AND THB SOUTHERLY RIGHT OF WAY OF INTERSTATE HIGHWAY NUMBER 70; THBNCB DEPARTING SAID NORTHERLY RIGHT OF WAY NORTH 53 DBGREES 51 MINUTES 29 SECONDS EAST 246.03 FBET ALONG'£HE SOUTHERLY WGHT OF WAY OF INTERSTATE HIGHWAY NUMBER 70; THENCE CONTINUING ALONG SAID SOUTHBRLY RIGHT OF WAY NORTH 58 DEGREES 53 MINUTES 10 SECONDS EAST 247.3Q FEBT; THENCE NORTH 59 DEGREES 28 MINUTES 16 SECONDS EAST 49.07 FBBT; THENCE DEPARTING SAID SOUTHERLY RIGHT OF WAY SOUTH 16 DEGREES 51 MINUTES 09 SECONDS EAST 158.18 PEET TO THE TRUE POINT OF BBGINNING. PARCEL 2: A PARCEL OF LAND STTUATED IN A PART OF THE NEl/4 OF THE NEl/4 OF SECTION 12, TOWNSHIP 5 SOUTH, RANGE 81 WFST OF THB SIXTH PRINCIPAL MBRIDIAN, TOWN OF VAIL, COUNTY OF EAGLE, STATB OF COLORADO, SAID PARCEL BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHWESTERLY CORNER QF'I`RACT A, SOUTH PRONTAGE ROAD SUBDIVISION, FER THE PLAT THERBOF RECORDED NOVEMBER 6, 2fl00, UNDER RECEPTION NO. 743424 IN THE OFPICE OF THB BAGLE COUNTY CLERK AND RECORDER, SAID CORNER ALSO BEING THB NORTHERLY RIGHT OP WAY OF THE SOUTH FRONTAGE ROAD OF INTERSTATB HIGHWAY NUMBER 7Q; THENCE ALONG SAID NORTHERLY RIGHT OF WAY S. 73 DBGREES 37 MINUTES 52 SECONDS W. 200.00 FEET; THENCE DEPARTING SAID NORTHBRLY RIGHT OF WAY N. 16 DBGREES 51 MINUTPS Q9 SHCONDS W. 158.18 FEET TO A POINT ON THE SOUTHBRLY RIGHT OF WAY QR INTERSTAT�HIGHWAY NUMBBR 70; THENCE ALONG SAID SOIITHERLY RIGHT OF WAY N. 59 DEGREES 28 MINUTES 16 SECONDS E. 274.19 FEET TO THE NORTHWESTERLY CORNBR OF INTERSTATB HIGHWAY NUMBER 70 PARCEL 26B; THENCE DBPARTING SATD SOUTHERLY RTGHT OF WAY AND ALONG THE WESTERLY BOUNDARY OF SAID PARCEL 26B S. 10 DEGREES 36 MINUTE5 52 SECONDS W. 31.26 FEET TO THL SOUTHWESTERLY CORNBR OP SAID PARCEL 26B, SAID POINT ALSO BE1NG THE NORTHWESTERLY CORNER OF SAID TRACT A; THENCE ALONG THE WESTERLY BOUNDARY OF SAID TRACT A S. 10 DEGREES 45 MINUTES OS SECONDS W. 34.40 FELT; THENCE CONTINUING ALONG SAID BOUNDARY S. b4 DEGREES 37 MINUTES 43 SECONDS E. 170.34 FEET TO THE POINT OP BEGINNING, COUNTY OF EAGLE, STATB OF COLORADO. PARCEL 3: � � LTG Policy No. CTAI50009977 Our Order No. VC50009977 lEGAL DESCRlPTION BASEMENT FOR INGRESS AND EGRESS AS CREATED BY COMBINATION RELEASE OF EXISTING EASEMENTS AND CREATION OF NBW CROSS EASEMENT AGREBMENT RECORDED DECEMBER 13, 19$9 IN BOOK 519 AT PAGE 619, C�UNTY OF EAGLE, STATE OF COLORADO. LTG Policy No. CTAISOQ09977 Form AO/CHI Chicago Policy No. 72106-137789'1 Our Order No. VC50009977 Schedule B This policy does not insure against loss or damage (and the Company will not pay costs, attorneys' fees or e�enses) which arise by reason of: General Exceptions: 1. Rights or claims of parties in possession not shown by the public records. 2. Lasements, or clazms of easements, nat shown by the puhlic records. 3. Discrepancies, conflicts in boundary iines, shoztage in azea, eneroachments, and auy facts which a cozxect survey and inspection of the premises would disclose and which are not shown by the public reeords. 4. Any lien, or right fo a lien, for services,Iabor, or material hereta;Fore or hereafter€urnished, imposed by law and not shown by the public records. v�5. 2005 TAXES AND ASSESSMENT5 NOT YET DUE OR PAYABLE. 6. RIGHT OF PROPRIETOR OF A VETN OR L�D�TO EXTRACT AND REMOVE HIS ORE THEREFROM SHOULD THE SAME BE FOUND TO PENETRATE OR INTERSECT THE PREMISES AS RESBRVED iN UNITED STAT�S PATBNT RECORDED DECEMBER 29, 1920, IN BOOK 93 AT PAGE 42. 7. RIGHT OP WAY FOR DITCHES OR CANALS CONSTRUCTED BY THE AUTHORITY OF THE UNITED STATES AS RESBRVED IN UNTTED STATBS PATENT RECORDED DBCEMBER 29, 1920, IN BOOK 93 AT PAGE 42. 8. TERMS, CONDITIONS AND PROVISIONS OF COMBTNATION RELEASE QF EXISTING EASEMBNTS AND CREATION OF NEW CROSS EASEMENT AGREEMBNT RECORDED DECEMBER 13, 1989 IN BOOK 519 AT PAGE 619. 9. EASEMENT AS GRANTED TO PUBLIC SERVICE COMPANY OF COL�RADO IN INSTRUMENT RECORDBD AUGUST 31, 1993 IN BOOK 618 AT PAGE 291. 10. EXISTING LEASBS AND TENANCIES. (THE ABOVE ITEMS AFFEC'I`PARCEL 1) 11. 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 PREMISFS AS RESERVED IN UNITED STATBS PATBNT RECORDED DECBMBER 29, 1920, IN BOOK 93 LTG'Policy No. CTAI50009977 Form AO/C`HI Chicago Policy No. 72106-1377897 Our Order No. VC50009977 Schedule S AT PAGE 42. 12. RIGHT OF WAY POR DITCHES OR CANALS CONSTRUCTED BY THB AUTHORITY OF THE UNITED STATES AS RESERVED IN UNITED STATBS PATENT RECORDED DECEMBER 29, 1924, IN BOOK 93 AT PAGE 42. 1.3. ANY RIGHTS, INTERESTS OR BASEMENTS IN PAVOR OF THE STATE OF C�LORA.DO, THE UNITED STATES OF AMERICA, OR THE G�NERAL PUBLIC, WHICH EXIST OR ARE CLATMED TO EXIST IN, OVER, UNDER AND/OR ACROSS THE WATERS AND PRESENT AND PAST BED AND BANKS OP THE RED SANDSTONB CREEK, 1�. TERMS, CONDITIONS AND�'ROVISIONS OP RTGHT OF WAY EASEMENT RECORDED JULY 09, 1984 IN BOOK 388 AT PAGE 756. 15. TERMS, CONDTTION5 AND PR�VISTONS OF COMBINATION RELEASE OF EXISTING EASEMENTS AND CREATTON OF NEW CROSS BASEMENT AGREEMBNT RECORDED DECEMBER 13, 1989 IN BO�K 519 AT PAGE 619. 16. TBRMS, CONDITIONS AND PROVISIONS OF USB RESTRICTION AGREEMBNT RECORDLD DECEMBER 27, 1989 IN BOOK 520 AT PAGE 202 AND AMENDMENT RECORDED AUGUST 29, 1991 IN BOOK 561 AT PAGE 190. 17. TERMS, CONDITIONS AND PROVISIONS OF CONVEYANCE OF EASEMENT RECORDED JUNE 25, 1991 IN BOOK 556 AT PAGE 702 AND RERECORDED AUGUST 29, 1991 IN BOOK 561 AT PAGE 191. 18. LACK OF A DIRECT ACCESS ON AND TO INTERSTATE HIGHWAY 70,WHICH ABUTS SUB7ECT PROPBRTY. 19. BXISTING LEASES AND TENANCIES. (THE ABOVE ITEMS APFECT PARCEL 2) 20. THL EPFECT OF LANDSCAPTNG AND CURB AND GUTTER LYING WITHIN T`HE PRONTAGE ROAD RIGHT OF WAY AS SHOWN ON IMPROVEMENT LOCATION CERTIPICATE PREPARED BY GORE RANGB SURVEYING, LLC DATLD 7UNE 9, 2005 JOB N0. 02-008. LTG Policy No. CTAI50009977 F'orm AO/CHI Chicago PoIicy No. 72106-1377897 Our Order No. VC50009977 Scheciule B ITEM NOS. 1 THROUGH 3 OF THE GENSRAL EXCEPTIONS ARE HEREBY DELETED. ITEM NO. 4 OF THE GENERAL EXCEPTIONS IS DELETLD EXCEPT AS TO ANY LIENS RESULTING FROM WORK OR MATERIAL CONTRACTBD ROR OR Fi)RNISHED AT THE REQUBST OF SOHO DEVELQPMLNT LLC, A C�LORADO LIMITED LIABILITY COMPANY. , , LAND TITLE GUARANTEE COMPANY ENDORSEMENT 103 .7 Case VC50009977 Po.licy CTAI50009977 Loan # . The Camparzy hereby assures the Tnsured fiha� said land abuts upon physically open street(s) known as RRONTAGE ROAD and the Campany hereby insures said assured aga.zns� loss which said assured sha1l sustain in the event sa.i.d assurances herein sha.11 prove to be incorrect. The total liabi.Iity o.f the Company unaer said policy and any endorsements therein shall not exceer3, in the aggregate, the face amount of said po�icy and costs which the Company is obligated under the Conditions and Stipulations thereo.f to pay. The endorsement is made a part of said policy and is subject to the Schedules, Conditions and Stzpulations therein, except as modif.ied by the prov.isions hereof. Representing Ghicago Title Insurance Company Account Page 1 of 1 Account: R008359 Location Owner Information Assessment Historv Parcel Number 2103-121-00-002 Owner Name SOHO Actual(2011) $4,541,150 Tax Area SC203-VAIL DEVELOPMENT LLC Primary Taxable $1,316,940 (TOWN)&LIONSHEAD TIF- In Care Of Name FIXED Tax Area• SC203 Mill Levy:42.9220 SC203 ASSETS DEPT Type Actual Assessed Acres SQFT Units Situs Address 000953 S Owner Address 390 Improvements $3,437,330 $996,830 0.000 26069.000 0.000 FRONTAGE RD INTERLOCKEN CRES STE Legal Summary Section: 12 1000 Land $1,103,820 $320,110 0.905 0.000 0.000 Township:5 Range:81 PCLIN BROOMFIELD,CO 80021 BK-0429 PG-0064 QCD 10-18-85 BK-0429 PG-0065 QCD 10-18-85 BK-0508 PG-0111 PTD 06-15-89 BK-0518 PG-0519 BSD 07-13-89 BK-0628 PG-0998 QCD 12-29-93 R803042 QCD 07-30-02 Transfers Sale Price Sale Date Reception Number Book Page $10,000.000 08/OS/200� M925920 2 800 000 10/Ol/1992 B:0591 P:0020 2 331.500 06/Ol/1990 B:0�73 P:0�25 2 275 000 12/26/1989 B:0520 P:0200 Images • GIS http://property.eaglecounty.us/assessor/taxweb/account.j sp?accountNum=R0083 59 10/17/2011 Map Output Page 1 of 1 ArcIMS Map F � ,,. _ ___ __ _ _ � ____. �1 {`.✓'p�f� � 9' M' �r r. ��^ � � ��` Legend ,,�.F' „�+�' � '!�y,��' � r j� � � 5elected Features � �` •� � _.'' � .J hwy131 /r �c , a�` - tonnpoinls � � �� r �T� { '� � � '�� Parce4� �� F�'fl:� ��„.�y ��. r �, y ~ ,�:�, � �`+ , t, Pubic Lands -��°�� ' � � � �,� a'-` ��' ;(T� t- �, ,� �\I ,t t " i �- r �s�s .� ��: , s• - � � ` �j�f ��'�� mc d Cda�do � � r �.�' `' �' � r�r�t _,,�� '�,.-" � '�'7 d�rn�s d'� r�� +�'"'+�it � :; �.-�^� �r;, � n —"" '�""°� 20+J4 Cnbr Aerial Pholos . � �. r:� f�� .. �..,' ` - � r _ y� . . � {k �`.: �"s�` �� ~ f ` �+ _ ` �.\,' -.�,"t•`�¢� �r�f�f ' �. . 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