HomeMy WebLinkAboutresolution.council.106-23RESOLUTION # 106
(Series of 2023)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN,
COLORADO, APPROVING THE STAFF, WORKING TOGETHER WITH
APCHA, TO MOVE FORWARD WITH CONDOMINIUM UNIT SALES FOR
THE BURLINGAME RANCH PHASE 3 AFFORDABLE HOUSING PROJECT.
WHEREAS, Council has discussed details of the proposed sales process at
previous work sessions and provided staff with direction about detailed conditions
for the unit sales process, including:
Unit Sales Process:
The sales process for Burlingame Ranch Phase 3 shall utilize an APCHA lottery
process based on the information shown below:
Lottery Group
Addresses
Units
Number of Lotteries
#1
223-225 & 173-175 Pae cke Drive
21
10
#2
155 Pae cke Dr. & 45 Mining Stock Pk
12
6
#3
113-115 & 63-65 Pae cke Drive
25
12
#4
1 40-50 Pae cke Dr. & 33 Mining Stock Pkwy.
1 16
7
74
35
Unit and Income Mix:
The unit and income mix shall be based on the table shown below:
Burlingame Ranch Phase 3 Unit Income Mix
Unit Type/Category
Cat2
Cat3
I Cat4
Cats
*City of Aspen Total
1 Bedroom
8
6
7
2
2
3
25
17
2 Bedroom
5
4
3
2
3 Bedroom
4
13
14
6
10
0
5
37
79
Total
17
23
24
*City of Aspen employer units are subject to the City's Employee Housing program
rules for eligibility, pricing, and conditions, and are not included in APCHA lotteries.
,Sales Prices:
Sales prices for affordable units shall be based on the Maximum Sale Prices for
Newly Deed -Restricted Ownership Units effective January 1, 2023 in the 2023
APCHA Regulations.
Affordability:
Applicants shall not be allowed to bid up by one category for the Burlingame Ranch
Phase 3 sales process.
Right-Sizin :
A "right -sizing" pilot program which would leverage priority in the lottery process
as an incentive for up to five households to downsize to a unit for which they meet
occupancy requirements under the APCHA Regulations shall be incorporated into
the initial lottery and sales process for Burlingame Ranch Phase 3. In the event that
five households downsize within the first two lottery groups of the initial sale
process, Council may increase the cap of five units to allow more households to
downsize as part of the second two lottery groups.
Employment Location Requirement:
A lottery priority will be provided to applicants who are employed within the
Aspen urban growth boundary. This priority will be required for all initial sales
and all future resales and will therefore be memorialized in the deed restrictions for
the units at Burlingame Ranch Phase 3.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF ASPEN, COLORADO,
That the City Council of the City of Aspen hereby approves the City
Manager to direct staff, working together with APCHA, to move forward with
condominium unit sales for the Burlingame Ranch Phase 3 affordable housing
project on the terms and conditions set forth above.
INTRODUCED, READ AND ADOPTED by the City Council of the City of
Aspen on the 11th day of July, 2023.
Torre, Mayor
I, Nicole Henning, duly appointed and acting City Clerk do certify that the
foregoing is a true and accurate copy of that resolution adopted by the City Council
of the City of Aspen, Colorado, at a meeting held July 11, 2023.
c
Nicole Hennin , City Clerk