HomeMy WebLinkAboutresolution.council.032-21 RESOLUTION NO. 32
(SERIES OF 2021)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN,
COLORADO APPROVING THE 2021 BUDGET FOR ASPEN MINI STORAGE
WHEREAS, on February 4, 2020, the City of Aspen purchase the parcel of land commonly
known as 105 Woodward Lane at the Airport Business Center which was and currently is home
to Aspen Mini Storage; and
WHEREAS, Aspen Mini LLC was established as a separate legal entity for the purpose of
operating the mini storage operation located at 105 Woodward Lane at the Airport Business
Center,with the City of Aspen as the sole member of that LLC; and
WHEREAS, the purchase of the land was facilitated using resources from the Affordable
Housing Development Fund with the intent of expanding the adjacent site already owned by
this same fund for a future affordable housing development; and
WHEREAS, a land lease agreement was established between the City of Aspen and Aspen
Mini LLC, such that the lease terms specify that the annual lease payments to the City by the
LLC will equal the net operating profit from the mini storage operation,
NOW THEREFORE,be it resolved by City Council,that the budget for the Aspen Mini Storage
operation for fiscal year 2021 is hereby approved. All constituted appropriations amounting to
$650,000 and estimated revenues amounting to$650,000,are hereby declared to be sufficient and
necessary to pay the expenses at the close of the fiscal year beginning January 1,2021 and ending
December 31, 2021.
Adopted this 27�h Day of April 2021.
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Torre, Mayor
I,Nicole Henning, duly appointed and acting City Clerk of the City of Aspen, Colorado, do
hereby certify that the foregoing is a true and accurate copy of the Resolution adopted by the City
Council at its meeting held on the 27`h Day of April 021.
Nicole Henning, it Jerk