HomeMy WebLinkAboutordinance.council.050-01 ORDINANCE NO. 50
(Series of 2001)
AN ORDINANCE AMENDING THE 2001 AFFORDABLE HOUSING
GUIDELINES AS RECOMMENDED BY THE
ASPEN/PITKIN COUNTY HOUSING AUTHORITY
WHEREAS, pursuant to the Municipal Code of the City of Aspen, as men&d, the
Housing Income, Eligibility Guidelines and Housing Price Guidelines are to be established by the
City Council; and
WItEREAS, pursuant to prior resolutions and ordinances of the City, the City Council
established Employed Housing Income-Eligibility Guidelines and Housing Price Guidelines for
prior years; and
WHEREAS, the 2001 Affordable HouSing Guidelines ("Guidelines) were approved by the
City Council on October 26, 2001; and
WHEREAS, the City Council desires to amend said Guidelines, and by v/rtue of the
enactment of this Ordinance to supersede and amend all prior resolutions and ordinances of the City
pertaining to housing guidelines, but only to the extent inconsistent with the provisions of this
Ordinance and with Ordinance 38 (Series 2001) already adopted and approved.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
ASPEN, COLORADO:
That the City Council of the City of Aspen hereby amends the 2001 Affordable Housing
Guidelines as follows:
1. Under Part III, Section 4, Maintaining eligibili(v for Ownership of Affordable Housing,
the last sentence shall be added regarding a Requalification Affidavit, therefore, the paragraph shall
read:
There is not a requalification requirement to meet Income, Asset and Minimum
Occupancy for persons who have purchased and own an affordable housing unit. The
individual must remain a qualified employee or retiree, continue to occupy the unit as
their primary residence, and not own any other residential property within the Roaring
Fork Valley, as defined in these Guidelines, and as they are amended fi.om time to time.
APCHA will be sending letters to each owner within the next two years to provide
documentation as to being a qualified employee in Pitkin County, using the unit as the
primary residence, and not owning any other residential property in the Roaring Fork
Valley. After the initial two-year qualification period, APCHA will revaluate the
requalification process. However, APCHA will require all owners to complete and sign a
Requalification Affidavit on a yearly basis.
2. Under Part X, Definitions, the definition for Consumer Price Index will add the base rate of
the Consumer Price Index used, therefore, the definition will mad as follows:
Consumer Price Index (CPI) - The Consumer Price Index that is used for purposes of
the Guidelines and for purposes of the Deed Restriction is the Consumer Price Index -
U.S. City Average and Regions, Urban Vt/age Earners and Clerical }Vorkers (CPI-W),
All Items (1967~100). Updated information is received on a monthly basis from the
U.S. Department of Labor, Bureau of Labor Statistics.
3. Under Part X, Definitions, the definition for Roaring Fork River Drainage/Roaring Fork
Valley will be added as stated below:
Roaring Fork River Drainage/Roaring Fork Valley - The Roaring Fork River
Drainage and/or Roaring Fork Valley, as used herein, includes the Roaring Fork River
Valley and the valleys with tributary streams or rivers, including the Frying Pan River,
the Crystal River, Snowmass Creek, Capital Creek, Maroon Creek and Castle Creek.
A public hearing on this Ordinance shall be held on the 14th day of January, 2002, in City
Council Chambers, City Hall, Aspen, Colorado.
INTRODUCED, READ, AND ORDERED PUBLISHED as provided by law by the City
Council of the City of Aspen on the 1 ?th day of December, 2001.
-. . Helen ralin'Klanderuar~myork~x
ATTEST: ~' ~
Kathryn S. K9~, 'City Clerk
FINALLY adopted, passed and approved this 14th day of January 2002.
ATTESTf ' ·
~~ity Clerk ~'~