Loading...
HomeMy WebLinkAboutagenda.council.worksession.20241111AGENDA CITY COUNCIL WORK SESSION November 11, 2024 4:00 PM, City Council Chambers 427 Rio Grande Place, Aspen I.Work Session I.A APCHA Interviews I.B Entrance to Aspen (ETA) Polling Project Update I.C City of Aspen Employee Housing Strategic Plan & Employee Housing Stipend Pilot Program Zoom Meeting Instructions Join from a PC, Mac, iPad, iPhone or Android device: Please click this URL to join: https://us06web.zoom.us/j/86074321997? pwd=Ttr2QZ44CY4ZAOmv8zEcsz9Fj4WCpD.1 Passcode: 81611 Or join by phone: Dial: US: +1 346 248 7799 Webinar ID: 860 7432 1997 Passcode: 81611 International numbers available: https://us06web.zoom.us/u/k5Vg3xNRi Board & Commission Interviews MEMO - 11.11.24.pdf 2024 11-12 Castle Creek Bridge Polling Memo.docx Probolsky Research - City of Aspen - Voter Poll - Questionnaire.docx City Internal Emp Strategic Hsg Plan - Memo.docx Exh. A - Strategic Housing Plan.pdf EE housing program 11-04-2024 FINAL.pdf 1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 MEMORANDUM TO:w Mayor and Council FROM:Jenn Ooton, Senior Project Manager Lynn Rumbaugh, Mobility Division Manager Carly McGowan, PE, Senior Project Manager THROUGH:Sara Ott, City Manager Tyler Christoff, PE, Public Works Director DATE OF MEMO:November 4th, 2024 MEETING DATE:November 11h, 2024 RE:Entrance to Aspen (ETA) Polling Project Update REQUEST OF COUNCIL: This is a presentation by Probolsky Research, which has been selected to conduct opinion research/polling services on the topic of the Entrance to Aspen. City Council during the work session will have an opportunity to help refine questions that will be asked to voters. SUMMARY AND BACKGROUND: Aspen City Council, on Sept. 10, 2024, gave direction for staff to initiate an Environmental Impact Statement or Supplemental Environmental Impact Statement for the Entrance to Aspen, hire outside legal counsel with expertise in the National Environmental Policy Act (NEPA), and hire outside polling experts conduct a poll of registered voters in Aspen that will be completed prior to the deadline for submission of ballot questions for the March 2025 ballot. DISCUSSION: Attached to this memo includes about 30 questions that Probolsky Research will use to provide Council a better understanding of community sentiment regarding the Preferred Alternative, other potential alternatives for the Entrance to Aspen corridor, and whether the values that determined the Preferred Alternative still meet today’s needs for the community. The following is the schedule for the polling that will be conducted through a multi-mode survey technique (telephone with live professional interviewers and online via a digital platform): 21 In-Person City Council Work Session - Discuss survey questionnaire with City Council and accept feedback November 11, 2024 Conduct Survey and Monitor Data Collection November 13-22, 2024 Presentation to City Council – Survey results report December 16, 2024 FINANCIAL IMPACTS: The ETA project fund has a lifetime budget of $8.5 million dollars, and the contract for the project is $22,500. ENVIRONMENTAL IMPACTS: For any construction of the Entrance to Aspen project, the project must follow National Environmental Protection Act (NEPA) requirements. The environmental impacts of the Preferred Alternative were heavily examined during the EIS process in the 1990s. Should the Council choose to deviate from the Preferred Alternative with an alternative solution, the environmental impacts will be required to be studied during a new or supplemental EIS process. The City of Aspen must follow this federal process that involves the greater community’s input in a similar fashion to the 1998 Record of Decision and cannot be fully decided by Aspen City Council alone. This opinion research will be used to determine a direction related to the Entrance to Aspen NEPA process. RECOMMENDATION: This is a work session discussion, and Council refinements to the polling questions will be included within the final questionnaire asked of voters. This timeline for polling in advance of the January 10 certification deadline, considering Council meeting schedules and holidays, is extremely tight. Staff recommends not delaying the polling, which could impact the ability to provide Council with requested information before the deadline for January ballot certification, should Council wish to place a question or questions on the spring ballot. CITY MANAGER COMMENTS: 22 Attachments: Draft Entrance to Aspen questionnaire 23 1 SURVEY QUESTIONNAIRE Probolsky Research 23 Corporate Plaza Drive Newport Beach CA 92660 Newport Beach (949) 855-6400 San Francisco (415) 870-8150 Washington DC (202) 559-0270 Project: City of Aspen –Castle Creek Bridge Voter Poll Field Dates: November 2024 Universe: City of Aspen registered voters Language: English and Spanish N =300 Margin of Error =+/-5.8% Draft ONLINE: We are Probolsky Research a national opinion research organization and we are conducting a survey on behalf of the City of Aspen about the entrance to Aspen. Your opinion is important, and your responses are confidential. TELEPHONE: Hello, may I speak with __________? [IF NOT AVAILABLE—SCHEDULE CALLBACK] This is __________ with Probolsky Research a national opinion research organization. We are conducting a survey on behalf of the City of Aspen about the entrance to Aspen. Your opinion is important, and your responses are confidential. 1.In your own words, what do you feel is the most important issue facing Aspen today? [CAPTURE AND CODE]:____________________ 2.How would you rate the overall quality of life in Aspen? Good [NET] Excellent Good Fair Poor [NET] Poor Very poor Unsure [NOT READ] The Castle Creek Bridge, at the entrance to Aspen,needs attention. The bridge, built in 1961,was designed for a 50 year lifespan.This means that it past the end of its design life. The bridge was not designed for today's volume of traffic and was recently identified as being in “fair” condition by CDOT. There is an increasing need for repairs and there will be a need to replace the bridge soon. A 1998 plan, known as the Preferred Alternative, to replace the bridge was approved by the Colorado Department of Transportation (CDOT) and Federal Highway Administration. In 1996 Aspen voters approved transportation use across the Marolt-Thomas Open Space for two lanes for automobiles and a light rail system.There has been more recent discussion about alternatives. 3.How concerned are you about the safety of Castle Creek Bridge? Concerned [NET] Strongly concerned Somewhat concerned Unconcerned [NET] Somewhat unconcerned Not at all concerned Unsure [NOT READ] 4.How concerned are you about the threat of wildfires in Aspen? 24 2 SURVEY QUESTIONNAIRE Probolsky Research 23 Corporate Plaza Drive Newport Beach CA 92660 Newport Beach (949) 855-6400 San Francisco (415) 870-8150 Washington DC (202) 559-0270 Concerned [NET] Strongly concerned Somewhat concerned Unconcerned [NET] Somewhat unconcerned Not at all concerned Unsure [NOT READ] If anything other than the approved 1998 replacement plan for the Entrance to Aspen bridge is to be considered, a new federal process would need to be started, and a new Environmental Impact Statement would need to be studied and developed. And there are some important questions for residents to consider. For the following questions, rate how important or unimportant you believe it is for the City of Aspen to promote the following values if considering alternative plans for replacing the bridge. [RANDOMIZE Q5 –Q15] 5.How important is it to you that the process is community-led and inclusive of all residents when addressing the Entrance to Aspen? Important [NET] Very important Somewhat important Unimportant [NET] Somewhat unimportant Very unimportant Unsure [NOT READ] 6.How important is it to you that traffic congestion is addressed in a solution for the Entrance to Aspen? Important [NET] Very important Somewhat important Unimportant [NET] Somewhat unimportant Very unimportant Unsure [NOT READ] 7.How important is it to you that transit solutions are considered for the Entrance to Aspen? Important [NET] Very important Somewhat important Unimportant [NET] Somewhat unimportant Very unimportant Unsure [NOT READ] 8.How important is it to you that the city ensures that motorists can safely navigate the roadway in the solution for the Entrance to Aspen? Important [NET] Very important 25 3 SURVEY QUESTIONNAIRE Probolsky Research 23 Corporate Plaza Drive Newport Beach CA 92660 Newport Beach (949) 855-6400 San Francisco (415) 870-8150 Washington DC (202) 559-0270 Somewhat important Unimportant [NET] Somewhat unimportant Very unimportant Unsure [NOT READ] 9.How important is it to you that there is a commitment to the environment and protecting wildlife when addressing the Entrance to Aspen? Important [NET] Very important Somewhat important Unimportant [NET] Somewhat unimportant Very unimportant Unsure [NOT READ] 10.How important is it to you that any alternative selected for the Entrance of Aspen has wide acceptance from the Aspen community? Important [NET] Very important Somewhat important Unimportant [NET] Somewhat unimportant Very unimportant Unsure [NOT READ] 11.How important is the cost of a potential alternative when addressing the Entrance to Aspen? Important [NET] Very important Somewhat important Unimportant [NET] Somewhat unimportant Very unimportant Unsure [NOT READ] 12.What if you knew that the Entrance to Aspen bridge, which would cost approximately $150 million,would be paid for by the city? Important [NET] Very important Somewhat important Unimportant [NET] Somewhat unimportant Very unimportant Unsure [NOT READ] 13.How important is it to you that any Entrance to Aspen alternative results in cleaner air for the Aspen community? Important [NET] Very important 26 4 SURVEY QUESTIONNAIRE Probolsky Research 23 Corporate Plaza Drive Newport Beach CA 92660 Newport Beach (949) 855-6400 San Francisco (415) 870-8150 Washington DC (202) 559-0270 Somewhat important Unimportant [NET] Somewhat unimportant Very unimportant Unsure [NOT READ] 14.How important is it to you that any Entrance to Aspen alternative ensures redundant ways for residents to leave the city in times of emergencies? Important [NET] Very important Somewhat important Unimportant [NET] Somewhat unimportant Very unimportant Unsure [NOT READ] 15.How important is it to you that any Entrance to Aspen alternative fits the character of the community and is aesthetically acceptable to the public? Important [NET] Very important Somewhat important Unimportant [NET] Somewhat unimportant Very unimportant Unsure [NOT READ] 16.Out of the list of values initially put together by the Aspen community during the 1990s federal process, please indicate which values you think are very important to you personally. Please select your top two. [RANDOMIZE] Community-based Planning Transportation Capacity Safety Environmentally Sound Alternative Community Acceptability Financial Limitations Clean Air Act Requirements Emergency Access Livable Communities Project Phasing (for future transit options and upgrades) Other [CAPTURE AND CODE]:____________________ None of these Unsure [NOT READ] Now we want to know your opinion about the planned bridge replacement alignment through Marolt Open Space. Please consider each message and indicate if it makes you concerned or unconcerned. [RANDOMIZE Q17 –Q22] 17.[Construction traffic] How concerned are you about increased traffic and congestion during construction? Concerned [NET] Strongly concerned 27 5 SURVEY QUESTIONNAIRE Probolsky Research 23 Corporate Plaza Drive Newport Beach CA 92660 Newport Beach (949) 855-6400 San Francisco (415) 870-8150 Washington DC (202) 559-0270 Somewhat concerned Unconcerned [NET] Somewhat unconcerned Not at all concerned Unsure [NOT READ] 18.[Dogs]Marolt Open Space has become a place of gathering for dog owners and their pets. How concerned are you that these residents might be impacted? Concerned [NET] Strongly concerned Somewhat concerned Unconcerned [NET] Somewhat unconcerned Not at all concerned Unsure [NOT READ] 19.[Wildlife]Wildlife use the Marolt Open Space for fawning, nesting, resting, and foraging. How concerned are you about possible impacts to wildlife? Concerned [NET] Strongly concerned Somewhat concerned Unconcerned [NET] Somewhat unconcerned Not at all concerned Unsure [NOT READ] 20.[Trails]Marolt Open Space contains a variety of hard and soft surface trails in the summer months,and also has multi-use winter trails for skiing, fat biking and walking in the winter.How concerned are you about changes to trails while a new Entrance to Aspen bridge is built and once the project is completed? Concerned [NET] Strongly concerned Somewhat concerned Unconcerned [NET] Somewhat unconcerned Not at all concerned Unsure [NOT READ] 21.[Financial]How concerned are you about the financial impact to the City of Aspen of addressing the Entrance to Aspen? Concerned [NET] Strongly concerned Somewhat concerned Unconcerned [NET] Somewhat unconcerned Not at all concerned Unsure [NOT READ] 22.[Local Control]The bridge inspection rating is currently 50.3 out of 100. If the rating falls below 50 then CDOT can implement the approved 1998 preferred alternative. How concerned are you about CDOT moving the process forward with addressing the Entrance to Aspen without input or approval by Aspen voters? 28 6 SURVEY QUESTIONNAIRE Probolsky Research 23 Corporate Plaza Drive Newport Beach CA 92660 Newport Beach (949) 855-6400 San Francisco (415) 870-8150 Washington DC (202) 559-0270 Concerned [NET] Strongly concerned Somewhat concerned Unconcerned [NET] Somewhat unconcerned Not at all concerned Unsure [NOT READ] Now let’s look at a possible ballot measure could come before Aspen voters in March 2025 that would address the future of the bridge. Please indicate if you would vote yes or vote no on the measure. 23.Shall the City Council be authorized to amend the conveyance to the State of Colorado, Department of Transportation of the easement over and across City owned property including, but not limited to, the Marolt and Thomas properties, acquired for open space and transportation purposes, for a two lane parkway, and separate transit lanes to be used exclusively for buses until such time as the community supports the construction and funding of a light rail transit system, as permitted by the 1998 Colorado Department of Transportation Record of Decision for the State Highway 82 Entrance to Aspen Project? Vote yes [NET] Definitely vote yes Probably vote yes Vote no [NET] Probably vote no Definitely vote no Unsure [NOT READ] If the community does not want to build the Preferred Alternative (also known as Modified Direct) and wants to explore another alternative, it will require a new process. It was estimated in 2024, that the process would cost approximately $2-3 million and take two to three years to complete. Now let’s consider some of the alternative alignments for addressing the Entrance to Aspen. After each one, please indicate whether you support or oppose the alignment. 24.[Modified Direct] Entrance to Aspen Option One:The preferred alternative would be a new roadway across the Marolt Open Space, bypassing the S-curves and connecting with Main Street at Seventh Street. The roadway would be four total lanes, one lane in each direction for general traffic and one lane in each direction reserved for transit. This plan includes constructing a "cut and cover" tunnel beneath the Marolt Open Space which would introduce a trail connection and preserve the open space above, maintaining its natural appearance and usability.Do you support or oppose this option? Support [NET] Strongly support Somewhat support Oppose [NET] Somewhat oppose Strongly oppose Unsure [NOT READ] 25.[Split Shot] Entrance to Aspen Option Two:This option is known as the “split shot” and would build a new inbound two-lane road across Marolt Open Space and keep outbound traffic on the S curves. It also includes building a tunnel and additional bridge (cut and cover) within the Marolt Open Space. Each two-lane alignment would become one-way and include a lane for general traffic and a lane for buses, reconnecting as a four- lane highway west of Cemetery Lane. This option cuts off inbound Colorado Highway 82 traffic from Cemetery Lane and directs all traffic through the roundabout. Do you support or oppose this option? 29 7 SURVEY QUESTIONNAIRE Probolsky Research 23 Corporate Plaza Drive Newport Beach CA 92660 Newport Beach (949) 855-6400 San Francisco (415) 870-8150 Washington DC (202) 559-0270 Support [NET] Strongly support Somewhat support Oppose [NET] Somewhat oppose Strongly oppose Unsure [NOT READ] 26.[3 LANE SHIFTED] Entrance to Aspen Option Three:This option called the three-lane shifted alternative would keep the S curves and replace the two-lane overpass bridge over Castle Creek in its current location with three lanes. This includes one general traffic lane going into town, one general traffic lane out of town, and one dedicated bus lane outbound. Do you support or oppose this option? Support [NET] Strongly support Somewhat support Oppose [NET] Somewhat oppose Strongly oppose Unsure [NOT READ] 27.[Modified Split Shot] Entrance to Aspen Option Four:This option called the modified split shot would build a new two-lane inbound road across Marolt Open Space and keep outbound traffic on the existing bridge and roadway using the S curves. It also includes building a tunnel and additional bridge (cut and cover) within the Marolt Open Space. Like the split slot, each two-lane alignment would become one-way and include a lane for general traffic and a lane for buses, reconnecting as a four-lane highway west of Cemetery Lane. It also would create a turn-around between Cemetery Lane and the roundabout to allow inbound traffic to bypass the roundabout. Do you support or oppose this option? Support [NET] Strongly support Somewhat support Oppose [NET] Somewhat oppose Strongly oppose Unsure [NOT READ] 28.From the following four Castle Creek Bridge replacement alternatives, please rank the options with 1 representing your top choice, two your second choice, and so on. Modified Direct -four total lanes, one lane in each direction for general traffic and one lane in each direction reserved for transit Split Shot -build a new inbound two-lane road across Marolt Open Space and keep outbound traffic on the S curve 3 Lane Shift -keep the S curve and replace the two-lane overpass bridge over Castle Creek in its current location with three lanes Modified Split Shot -new two-lane inbound road across Marolt Open Space and keep outbound traffic on the existing bridge and roadway using the S curves, with a bypass of the roundabout back into town. 29.Is there anything we did not cover in the survey that you would like to share? [CAPTURE AND CODE]:____________________ 30.How would you describe yourself? 30 8 SURVEY QUESTIONNAIRE Probolsky Research 23 Corporate Plaza Drive Newport Beach CA 92660 Newport Beach (949) 855-6400 San Francisco (415) 870-8150 Washington DC (202) 559-0270 Latino/Hispanic White/Caucasian Black/African American Asian/Pacific Islander Other Prefer not to answer [NOT READ] 31.What is the highest level of education you have completed? Some high school High school Some college Associate’s degree Bachelor’s degree Master’s degree Doctoral degree Prefer not to answer [NOT READ] 32.For demographic purposes only, with which gender do you identify? Male Female Other Prefer not to answer [NOT READ] Thank you for your time. Have a great (day/evening). CROSS TABULATIONS: Gender (from Q32) Male Female Other Age group (from sample) 18-29 30-39 40-49 50-64 65+ Ethnicity (from Q30) Latino/Hispanic White/Caucasian Black/African American Asian/Pacific Islander Other Education level (Q31) Non-college (Prefer not to answer, Some high school, High school, Some college, Associate’s degree) College (Bachelor’s degree, Master’s degree, Doctoral degree) Party (from sample) Democratic 31 9 SURVEY QUESTIONNAIRE Probolsky Research 23 Corporate Plaza Drive Newport Beach CA 92660 Newport Beach (949) 855-6400 San Francisco (415) 870-8150 Washington DC (202) 559-0270 Republican Unaffiliated Initial Preferred Alternative vote (Q24) Initial support Initial oppose Initial unsure Initial Split Shot vote (Q25) Initial support Initial oppose Initial unsure Initial 3 Lane Shift vote (Q26) Initial support Initial oppose Initial unsure Initial Modified Spit shot vote (Q27) Initial support Initial oppose Initial unsure Vote propensity (from sample) 5 out of 5 4 out of 5 3 out of 5 2 out of 5 1 out of 5 New Perfect Voter New Registrant Voter registration date (from sample) 0-2 years 3-5 years 6-10 years 11-19 years 20+ years Mode Phone [NET] Landline Mobile Online [NET] Text Email Language English Spanish Phone [NET]mode (Gender) Male Female 32 10 SURVEY QUESTIONNAIRE Probolsky Research 23 Corporate Plaza Drive Newport Beach CA 92660 Newport Beach (949) 855-6400 San Francisco (415) 870-8150 Washington DC (202) 559-0270 Other (Age group) 18-29 30-39 40-49 50-64 65+ (Ethnicity) Latino/Hispanic White/Caucasian Black/African American Asian/Pacific Islander Other (Party) Democratic Republican Unaffiliated Landline mode (Gender) Male Female Other (Age group) 18-29 30-39 40-49 50-64 65+ (Ethnicity) Latino/Hispanic White/Caucasian Black/African American Asian/Pacific Islander Other (Party) Democratic Republican Unaffiliated Mobile mode (Gender) Male Female Other (Age group) 18-29 30-39 33 11 SURVEY QUESTIONNAIRE Probolsky Research 23 Corporate Plaza Drive Newport Beach CA 92660 Newport Beach (949) 855-6400 San Francisco (415) 870-8150 Washington DC (202) 559-0270 40-49 50-64 65+ (Ethnicity) Latino/Hispanic White/Caucasian Black/African American Asian/Pacific Islander Other (Party) Democratic Republican Unaffiliated Online [NET] mode (Gender) Male Female Other (Age group) 18-29 30-39 40-49 50-64 65+ (Ethnicity) Latino/Hispanic White/Caucasian Black/African American Asian/Pacific Islander Other (Party) Democratic Republican Unaffiliated Text mode (Gender) Male Female Other (Age group) 18-29 30-39 40-49 50-64 65+ (Ethnicity) 34 12 SURVEY QUESTIONNAIRE Probolsky Research 23 Corporate Plaza Drive Newport Beach CA 92660 Newport Beach (949) 855-6400 San Francisco (415) 870-8150 Washington DC (202) 559-0270 Latino/Hispanic Latino/Hispanic White/Caucasian Black/African American Asian/Pacific Islander Other (Party) Democratic Republican Unaffiliated Email mode (Gender) Male Female Other (Age group) 18-29 30-39 40-49 50-64 65+ (Ethnicity) Latino/Hispanic White/Caucasian Black/African American Asian/Pacific Islander Other (Party) Democratic Republican Unaffiliated 35 1 MEMORANDUM TO:Mayor and City Council FROM:Pete Strecker, Finance Director Alissa Farrell, Administrative Services Director Liz Axberg, Housing Policy Analyst THROUGH:Sara Ott, City Manager MEMO DATE:November 4, 2024 MEETING DATE: November 11, 2024 RE: City of Aspen’s Internal Employee Strategic Housing Plan – Pilot Housing Stipend Program _____________________________________________________________________ REQUEST OF COUNCIL: This work session’s purpose is to provide Council with an overview of the city’s 2024- 2026 Internal Employee Strategic Housing Plan, which can be found in Attachment A. Staff seek feedback on the Internal Employee Strategic Housing Plan, particularly regarding the proposed pilot housing stipend benefit. SUMMARY AND BACKGROUND: Currently, the city owns 74 employee housing units, with priority given to emergency and essential services personnel. Additionally, the city offers a rental assistance loan program, limited units designated for transitional housing assistance, and a restricted down payment program. While these housing initiatives, alongside the city’s owned units, are designed to provide an array of options for city employees, the eligibility criteria for some programs are narrow and specific. Consequently, evaluating and refining these housing options has been identified as a priority area in the city’s strategic plan. In 2023, stakeholders from multiple departments at the city of Aspen convened to discuss the city's internal employee housing programs. Approximately twenty employees developed an employee housing strategic plan (Attachment A) outlining a mission, vision, and action plan for the city's internal housing program. The departments represented include Asset Management, City Attorney, Community Development, City Manager’s Office, Finance, Human Resources, Parks and Open Space, Police, and Public Works. 36 2 The city's internal employee strategic housing plan has four main objectives with specific action items, as detailed in Attachment A: Program Growth and Sustainability Operational Excellence Administrative Orders/Policy Advancement Communications (Internal) DISCUSSION: During the culture organizational listening sessions, a number of employees requested an employee housing stipend to be added to the city’s benefits package. Concurrently, the internal employee strategic plan included a draft action item under the objective “Program Growth and Sustainability” for staff to evaluate a pilot employee housing stipend program. This evaluation process involved staff researching various elements, such as eligibility criteria and options for stipend levels. Providing a stipend as a benefit would likely be a more broad-reaching and cost-efficient option for a larger number of employees than current city housing options. Additionally, because of the wide number of employees impacted, a housing stipend may help with recruitment and retention efforts. QUESTIONS FOR COUNCIL: 1. Does Council support the overall approach of the Employee Strategic Housing Plan presented? 2. Does Council support the pilot stipend program as another housing solution for ensuring essential and reliable community services? FINANCIAL IMPACTS: Funding for the internal housing program is derived from a per head charge on all departments, which is assessed and deposited into the 505 Employee Housing Fund. This charge of $10,500/FTE equates to approximately $4M for 2025 and is utilized to support all housing solutions currently offered. As staff implement the city’s Internal Employee Strategic Housing Plan, a proposal has been made to allocate $600,000 in the 2025 budget for a pilot employee housing stipend benefit. If Council supports the proposed housing stipend program, eligibility and stipend amounts will be further evaluated to determine how to best tailor the housing stipend within the city’s benefits package. 37 3 ALTERNATIVES:Council may not support a stipend program at this time. If this is the route chosen, staff will continue to acquire units at a pace that can be supported under current funding, though this will not address the broader needs of the city workforce. CITY MANAGER COMMENTS: ATTACHMENTS: Attachment A: City of Aspen Employee Housing Strategic Plan 38 CITY OF ASPEN EMPLOYEE HOUSING STRATEGIC PLAN 2024 39 Table of Contents Introduction.................................................................................................................................................1 Background Information........................................................................................................................2 Assessing the Need for City Employee Affordable Housing.................................................3 Total Compensation Philosophy........................................................................................................6 Organizational Mission and Values...................................................................................................7 Housing Action Plan 2024-2026.........................................................................................................8 Appendices.................................................................................................................................................11 40 Introduction Housing scarcity remains a top concern for staff retention, recruitment, and quality of life in the upper Roaring Fork Valley. Like many other employers, the city of Aspen has hundreds of employees, some commuting more than 80 miles in one direction to reach work locations. While flexible work arrangements have been implemented in the organization, there remain many essential and critical jobs that need to be performed within city boundaries. While Aspen and Pitkin County have one of the nation’s most comprehensive affordable housing programs, it is insufficient to meet all employees’ current and future needs. Free market home ownership in Pitkin County and even the Roaring Fork Valley is beyond reach for the vast majority of the community’s workforce. While historically the city has invested in employee housing, to respond to this accelerating critical need for housing city staff, the city is advancing a more transparent and targeted approach to housing-related employment benefits through the city of Aspen Employee Housing Strategic Plan. This comprehensive plan is intended to provide a roadmap for the city’s employer-sponsored housing program. The goal of this document is to provide a strategic housing plan designed to be flexible and adaptable to ever-changing housing circumstances and community needs, ensuring it remains relevant and effective for years to come. This plan summarizes the current situation, including employee feedback, and provides a blueprint for utilizing the city’s housing resources responsibly and sustainably. While the plan includes increasing the city’s housing inventory, it also encourages evaluating a housing stipend and expanding its down payment assistance program. Furthermore, this plan provides direction and clarity on workforce needs, housing options, and policies and procedures. In 2023, city of Aspen stakeholders from multiple departments joined to discuss the city’s internal employee housing programs. This group of approximately twenty employees developed a mission, vision, and action plan for the city. Departments represented include Asset, City Attorney, Community Development, City Manager’s Office, Finance, Human Resources, Parks and Open Space, Police, and Public Works. The result of this group’s efforts is an actionable plan designed to achieve the following goals: Maintain a healthy and sustainable city internal housing program. Strengthen trust in the city’s internal employee housing program through communication and transparency. Achieve a flexible and responsive internal employee housing program for the community by focusing on employee sustainability. 1 41 These housing options include a rental assistance loan program, transitional housing assistance, and a limited down payment program (Appendix A). While these housing options, in conjunction with the city’s housing units, are intended to offer a broad range of options for city employees, the qualifications for eligibility (Appendix B) are narrow and specific for some programs. Therefore, evaluating and refining options is targeted as a priority area for the city’s housing strategic plan. While the city of Aspen’s internal employee housing program has helped hundreds of employees over the years, more work needs to be done as the price acceleration in the free market continues to outpace our current housing program’s ability to meet the needs of employees unable to find free market units for rent or purchase. The following strategic plan was created to provide innovative solutions towards the city’s commitment to improve the housing situation for city employees. Background Like other local employers, the city of Aspen’s internal housing program is employer sponsored housing program, separate from the Aspen Pitkin County Housing Authority (APCHA), available solely to city employees and their families. The city employee housing program is a fundamental tool for recruitment and retention, given the cost of entry into Roaring Fork Valley free market housing. A robust, adaptable, and equitable housing program is essential to maintain a critical workforce to meet community needs and business continuity, including but not limited to providing emergency and essential services. As of March 2024, the city owned 74 housing units for its employees, also referred to as “internal housing units,” to distinguish them from city-owned housing units, such as those at Aspen Country Inn, Truscott, and Marolt, which are available to the public through the APCHA. All internal housing units were acquired to recruit and retain an exceptional and responsive workforce to preserve Aspen’s community needs. In addition to offering city housing units, various housing assistance options are available to meet the diverse housing needs of city employees. Program Funding The city’s employee housing fund (505 fund) is an internal service fund that supports both existing and new units developed or acquired by the city and is the primary funding source for the city’s internal housing program. Revenues associated with this fund are generated by collecting rent from employees in current units, sales proceeds from the purchase of a unit sold to an employee, and through an internal per full-time equivalent (FTE) charge assessed annually to each department. For 2024, the charge equates to $10,000 per FTE. 2 42 ASSESSING THE NEED FOR CITY EMPLOYEE AFFORDABLE HOUSING For most of our community’s workforce, including city of Aspen employees, it is now unattainable to buy or rent a free market-rate home, apartment, or condominium in Aspen. Rental costs continue to shift upward, with sharp increases between 2019 and 2021. Increasingly, the down valley communities of Basalt, Carbondale, and Glenwood Springs, while less expensive than Aspen, are out-of-reach for the vast majority of city employees. Although evaluating average rents in the region is complex, the following table summarizes median single-family homes and condominiums. Even in Glenwood Springs, buying a median-priced, single-family detached home, currently valued at $1.3 million, would require approximately a $260,000 down payment with a resulting mortgage of more than $7,000 monthly (interest rates as of January of 2024). Additionally, a household that spends more than 30% of their income on housing is considered at the top end of what may be an affordable percentage to contribute towards housing. At the 30% housing affordability metric, a city employee would need a household income of more than $390,000 to purchase a single-family home in Glenwood Springs. Aspen Basalt Carbondale Glenwood Springs $12.5M $2.1M $2M $891M $4.3M $1.1M $850K $738K As of early 2024, 344 employees were in full-time positions at the city of Aspen. When city housing units are at total capacity, around 22% of full-time employees are housed in city units (Table 2). Additionally, 20% of full-time city employees reside in APCHA affordable housing. This equates to 42% of full-time city employees housed through APCHA or the city-owned affordable housing program. Median Housing Prices in the Roaring Fork Valley – 2024 Source: Aspen Board of Realtors Single Family Homes Townhouse/Condo Table 1: Median Housing Prices 3 43 Number of Employees Housed in City-owned units (full capacity*) % of Total Employees Housed % of Total Employees Housed in City- owned units (full capacity) Number of Employees in APCHA units % of Total Employees in APCHA units Full-time 74 22%74 20% It is commendable that 43% of full-time employees receive subsidized housing in or near Aspen. However, with the increase in free market housing costs across the Roaring Fork Valley and the impending retirement of many employees who own such homes, the city anticipates the need to provide additional housing support to a rising number of city employees. To meet this demand and fulfill its mission, the city is evaluating and refining the number of housing units and exploring new and innovative employee housing options. The table below shows where all full-time employees currently reside. Please note that employees with addresses or P.O. boxes in one location such as Aspen who live elsewhere may impact the results above. Table 2: Percentage of City Employees Living in City vs APCHA Housing *Some units, such as the Animal Shelter, are sub-leased and have rotating availability to city staff. Additionally, given turnover at any given time, units may be temporarily vacant. Table 3: Percentage of Employees by Location 4 44 Figure 1: Heat Map of Employee Locations in the Roaring Fork Valley and I-70 Mountain Corridor A key takeaway from where city employees are located is that 49% of the city’s 344 full- time employees reside in Aspen, and 92% of the 167 employees in Aspen live in subsidized housing. In 2024, purchasing a median single-family detached home in Glenwood Springs at $1.3M will become increasingly difficult, resulting in city employees moving into the Colorado River Valley. To maintain emergency services and business continuity, it is vital to retain new and current city employees by providing various housing options as part of the city’s total compensation package. 5 45 Two housing-specific elements of the philosophy are: Respond to the high cost of living and lack of affordable housing through an array of housing program options. 1. Review creative and innovative opportunities on an ongoing basis to further enhance employee support with housing challenges. 2. Vision: To be a leader in preserving the Aspen community by providing an exceptional city employee housing program. Mission: To support the city’s workforce in delivering essential and emergency community services through a forward-thinking, comprehensive, and transparent city employee housing program. What does the housing plan aim to achieve? Total Compensation philosophy When evaluating the city’s employee housing program and benefits, the city’s Total Compensation Philosophy (TCP) is a guidepost for developing the housing plan. Additionally, employee housing is a tenant of the city’s Council-supported TCP (Appendix D), a framework designed to guide compensation and benefits decision-making. The 2024 City Employee Housing Strategic Plan is based on the newly developed city housing mission and vision statements. Moreover, when formulating the city employee housing plan, it is essential to consider the city’s mission, vision and values to guide strategy development and inform the action plan. A long-term roadmap is maintained through alignment in all these areas, and a focus on a common organizational direction is achieved. 6 46 The city’s organizational mission and values reflect our beliefs and actions as we strive to serve the Aspen community. These values act as a compass to guide us in our decision- making process, particularly when developing the housing action plan and managing the city’s employee housing program. organizational Mission and values Service: We serve with a spirit of excellence, humility, integrity, and respect. Partnership: Our impact is greater together. Stewardship: Investing in a thriving future for all by balancing social, environmental, and financial responsibilities. Innovation: Pursuing creative outcomes, grounded in Aspen’s distinctive challenges and opportunities. To engage with positive civil dialogue, provide the highest quality innovative and efficient municipal services, steward the natural environment, and support a healthy and sustainable community for the benefit of future generations with respect for the work of our predecessors. M I S S I O N V A L U E S 7 47 The 2022, city of Aspen employee survey data concluded that the two driving factors that would move city employees out of the Roaring Fork Valley include the lack of affordable housing and the cost of living (Appendix E). This survey data aligns with exit interviews of staff members leaving the organization. In addition to the survey data collected, a SWOT Analysis (Appendix F) was completed in the Spring of 2023 during the housing workshop with internal stakeholders. The SWOT analysis is a tool in which an organization identifies, at a high level, internal and external Strengths, Weaknesses, Opportunities, and Threats. The SWOT provided a baseline analysis of the existing employee housing program. The primary focus areas of this action plan are: Improve employee and community understanding of the program Expand creative housing options to meet the diverse needs of the city’s workforce Revise and expand the housing administrative orders (policies) Increase communication and transparency Assess resources while also leveraging opportunities within the current housing program While some of the actions in this plan are ready for implementation, like creating a housing page on the new intranet, City Connect, others, such as evaluating a housing stipend program or purchasing additional housing units, require further exploration and analysis. HOUSING ACTION PLAN 2024-2026 With less than a quarter of full-time employees in city employee housing, there is a growing concern around the shrinking number of city employees available to meet future business continuity and community needs, including the need for city employees to respond during an emergency. Given the current housing situation, the city must consider solutions to address the housing issues and foster a sustainable workforce. To this end, the inaugural internal housing action plan offers a clear roadmap for 2024 through 2026. 8 48 Action Plan ITEM DESCRIPTION 1. Continue to increase inventory 2. Update the down payment assistance program 3. Evaluate a housing stipend program 4. Complete extended range financial plan to support the internal housing program Objective: Program Growth & Sustainability Review the program’s utilization and evaluate program design options, including options for program and eligibility expansion. Research various potential elements of a housing stipend program, including eligibility criteria and options for stipend levels (flat rate, sliding scale, calculation, etc.). Develop alternatives to the current funding model, including evaluating department-level funding based on staff utilization of various housing program elements. Establish a financial benchmark for maintaining and updating the city employee housing program. Evaluate adding to the existing inventory through purchase, buy down, or other means. Objective: Administrative Orders/Policy Advancement ITEM DESCRIPTION 2. Establish finish levels for all units 1. Develop Housing Administrative Directives Assess, revise, and add housing administrative orders (policies) as necessary. Update the current housing guidelines. Develop clearly defined and transparent policies for completing unfinished basements and general finishing standards such as fixtures, appliances, flooring, lighting, and windows. 9 49 Objective: Operational Excellence ITEM DESCRIPTION 4. Owner responsibilities 1. Evaluate and reduce turnover time for units 2. Update deed restrictions for city- owned units 3. Update lease agreement for city- owned units Create and implement a new owner training document and program. Review metrics and information regarding unit turnover time. Work with Asset, HR, and APCHA to understand factors that affect turnover time. Establish a protocol for periodic evaluation of all units held for hard-to-fill positions in critical service areas. Evaluate and refine language in purchase contracts. Review and revise maintenance responsibilities between owner and employer. Add dispute resolution language. Review and revise lease agreements by auditing current agreements and reviewing best practices. Ensure dispute resolution language is included into lease agreements. Objective: Communications ITEM DESCRIPTION Increase housing program transparency. 1. Develop internal housing communications through strategic communications plan Provide a single location for all information about the internal housing program, including program details, administrative directives, and unit availability updates. 2. Create a housing page on the new intranet, City Connect 3. Develop a Renters/Buyers Guide for internal housing units Create a guide for city staff renting or buying a city-owned unit. This will include: How to apply Selection process Expectations of renters/buyer Information on renting and purchasing Costs and buybacks 10 50 Appendix A: City of Aspen Employees Housing Programs City-Owned Units Rental Advance Loan Subsidized Loan Program The city currently owns 74 housing units for city of Aspen employees. Most of these units are located within the city, but some are outside city limits and within Aspen’s urban growth boundary. In addition to the city’s housing inventory, the city of Aspen helps to provide a secured, subordinate, and subsidized loan to assist regular full-time employees in good standing with down payment assistance, closing costs, and interest rate buy-down of a primary mortgage. This program can be used to purchase an APCHA or a city housing unit for 10% of the purchase price or $30,000, whichever is less. The maximum loan term is 15 years, and the fixed interest rate equals the most recently published 10-year U.S. Treasury rate. Full-time or part-time employees may apply for an interest-free rental advance loan for up to 50% of the cost to secure rental housing, including first and last month’s rent and a damage deposit. The loan is repaid in biweekly payroll deductions within one year. APPENDICES Appendix B: City of Aspen Employee Categories All categories listed below are considered to have priority for city housing before a unit is made available to all full-time employees. Emergency response employees receive the highest priority based on organizational and community needs. These categories were established to support the continuity of the municipality’s operations and add transparency and consistency to the selection process. Employee Categories: Emergency Response Employees are those who are regularly required to be on standby outside of regular working hours or other emergency response activities. These positions include but are not limited to, police officers, electric line technicians, certain utility and streets positions, or positions designated by the City Manager. Positions may vary depending on the city’s needs. 11 51 Agency Director and Department Head positions. An Agency Director is a senior position that oversees one or more departments and typically reports directly to the City Manager (reference Ordinance No. 01, Series of 1985). A Department Head or Department Director is defined as a manager who oversees a department. City employees applying for most units are first reviewed based on the above criteria. If the above criteria are unmet, units may be made available to all full-time employees. Units such as Alpine Grove, the Animal Shelter, the Aspen Recreation Center, Anderson Park, the Parks Campus, Marolt, and Truscott units have specific criteria for prioritization. These requirements include but are not limited to, prioritization given to parks, maintenance, or recreation employees for fulfilling occasional after-hour work requirements, rental income- specific categories, intergovernmental agency agreement obligations, and transitional units. Transitional units are defined as units that may be available for six months to a year for an employee who is new or is working through a difficult life transition, such as a divorce or an unforeseeable situation. On occasion, housing units may be held for a brief period of time in support of critical recruitments or units that may need significant renovations before being filled. Additionally, the City Manager reserves the right to prioritize housing units based on city organizational needs. Critical Recruitment and Retention of Employees includes but is not limited to assessing the number of qualified applications for a position, the specific job qualifications, and the length of time it has taken to fill similar positions in the past. Applicable positions shall vary depending on the job market. Other criteria may be included in the assessment and approved by the City Manager. 12 52 Appendix C: City of Aspen Employee Housing Inventory as of March 2024 Location # of Units Unit Types Unit Categories Priority / Use Truscott Burlingame Water Place Alpine Grove Parks Campus Marolt Open Space Anderson Park Cemetery Lane Animal Shelter East Hopkins Ave Aspen Recreation Center (ARC) Animal Hospital/ AABC City leases unit 1 1 1 8 1 3 1 4 2 1 14 24 Studio Studio 2-bedroom One 2-bedroom One 3-bedroom One 1-bedroom Three 2-bedroom One 1-bedroom One 2-bedroom Two 2-bedroom Two 3-bedroom Three Studio Six 1-bedroom Seven 2-bedroom Six 3-bedroom Two 4-bedroom Three Studio Eight 1-bedroom Three 2-bedroom Two 1-bedroom Four 2-bedroom Two 3-bedroom Category 2 Category 2 Category 3 Fluctuates Based on Income Rental Only No Stated Priority Rental Only Existing Agreement Rental Only No Stated Priority Rental or Ownership Priority for Recreation & Police Staff Rental Only Category 3 Category 2 (1 bedroom) Category 3 (2 bedroom) Animal Shelter Staff Rotating Prioritization with Pitkin Rental Only Rental Only Parks Staff Prioritized Rental Only Parks Staff Prioritized Rental Only Fluctuates Based on Income No Stated Priority Rental or Ownership Fluctuates Based on Income Fluctuates Based on Income Fluctuates Based on Income No Stated Priority Rental or Ownership Fluctuates Based on Income Fluctuates Based on Income No Stated Priority Rental or Ownership Fluctuates Based on Income 13 53 Deer Hill S. West End 550 Main Street Marolt Seasonal 3 1 1 8 One 1 bedroom One 3-bedroom Three 1-bedroom Three 1-bedroom Three 2-bedroom Two 3-bedroom Fluctuates Based on Income Fluctuates Based on Income Six-Month Transitional Rental Only No Stated Priority Rental or Ownership All Units 74 Fluctuates Based on Income Fluctuates Based on Income No Stated Priority Rental or Ownership No Stated Priority Rental or Ownership 14 54 Appendix D: Total Compensation Philosophy 15 55 2022 City Employee Survey Results Appendix E: 2022 City of Aspen Employee Housing Survey Summary Responses to one question in the employee survey about housing showed contrasting stress levels related to housing circumstances. The chart below shows a wide split in the amount of stress experienced, likely corresponding to whether or not employees have long-term secure housing. For employees, the two driving factors that would move them out of the Roaring Fork Valley are the lack of affordable housing and the cost of living. The survey asked employees about their interests in specific programs or housing opportunities that may alleviate their stress and concerns. Percentage of Responding Employees Interested in City Housing Programs or Opportunities: Down Payment Assistance Program – 59% Shared Equity Program – 51% Employee Housing Unit in Aspen – 64% Employee Housing Unit in Basalt – 56% In June 2022, the city distributed an employee housing survey to better understand the type of housing needed by the city’s employee base. The objectives of this survey were to learn more about city employees, their housing situations and needs, and how their housing circumstances potentially impact their employment status with the city. The survey received 184 responses, which is a 58% response rate. Highlights from the survey include: 53% of responding employees live in Aspen, and 24% live in Carbondale or farther down valley. 80% of responding employees believe that if their housing situation improved, it would be very likely to influence their decision to remain employed with the city of Aspen. 97% of responding employees prefer to own a home, while only 64% own. 16 56 Appendix F: City SWOT Analysis 2023 SWOT A nal ysis Length of program – the city is ahead of other cities/counties because the program is one of the first of its kind. Recruitment and retention tool Internal maintenance program Variable sizes of housing units and a variety of locations Employees have a community connection within the city Understanding of the program, specifically the eligibility criteria. Evaluating the impact of flexible work arrangements on the program. The down payment assistance program is limited in eligibility. Limited ability to provide more housing options to meet employee needs. Many departments, including but not limited to Asset, Finance, Human Resources, Attorney, and the City Manager’s Office (CMO), have a role within the city’s internal housing program, which may sometimes be challenging for oversight, management, and coordination of tasks. Refinement of guidelines, eligibility criteria and policies. A SWOT Analysis tool helps an organization identify, at a high level, internal and external Strengths, Weaknesses, Opportunities, and Threats. The SWOT conducted in the Spring of 2023 provided a baseline analysis of the existing program. The following chart summarizes the results. Strengths and Weaknesses are focused internally. What do we do well, and where could we improve? Opportunities and Threats are externally focused. What opportunities exist out-side of the city of Aspen? What threats could harm our efforts? What is happening outwardly that could hurt the city? STRENGTHS WEAKNESSES 17 57 Innovative down payment assistance program with possible expansion. Expand geographical locations to expand housing options when appropriate. Continually review employee and organizational housing needs and adapt to future changes based on changing housing market landscape and total benefits package. Further explore transitional housing unit options and policies. Review the qualifications and categories structure to ensure they meet the recruitment and retention needs through a balanced organizational lens. Cost of construction. Changing housing market conditions. Aging properties are difficult and expensive to maintain. Escalating cost of land and houses. Increasing need with limited resources in property management and administrative duties as housing inventory increases. A summary of the SWOT Analysis: Celebrate and recognize that challenges exist by recognizing that Aspen’s city employee housing program is leaps and bounds ahead of other regional jurisdictions and private sector employers. Ensure that the program’s eligibility description is transparent and that the city actively informs new and current employees of the available benefits. Continue to find solutions to the affordability of market-rate housing options valley-wide and the limited inventory within the APCHA program – to meet employees’ current needs and recruitment needs in the foreseeable future. Evaluate and refine management practices and philosophies in maintaining and funding the housing units in the city’s inventory. Respond to employee needs and changing market conditions with flexible and strategic program components. Identify and address employee housing program priorities to the extent possible. OPPORTUNITIES THREATS 18 58 Employee Housing Program November 11, 2024 59 2 EE Housing Program Overview •74 Employee Housing Units o City jobs are prioritized based on organizational and community needs with emergency response employees receiving the highest priority. •Down Payment Assistance Program o Up to $30K loan, 15-year maximum payback, interest rate tied to 10-year treasury, currently only APCHA & city deed restricted units allowed. •Rental Loan Assistance Program o Loan to help cashflow lease requirements of first, last and security deposit, 12- month payback terms. 60 3 Employee Housing Plan Purpose Mission: To support the city’s workforce in delivering essential and emergency community services through a forward-thinking, comprehensive, and transparent city employee housing program. Vision: To be a leader in preserving the Aspen community by providing an exceptional city employee housing program. 61 4 EE Housing Strategic Plan Goals 1. Maintain a Healthy and Sustainable City Housing Program 2. Strengthen Trust in the City's Employee Housing Program through Communication and Transparency 3. Achieve a Flexible and Responsive Employee Housing Program for the Community by focusing on Employee Sustainability. 62 5 EE Housing Action Plan •EE survey data concluded 2 driving factors are impacting current turnover at 14%: (1) Lack of affordable housing & (2) Cost of living •Less than 1/4th of FT employees are in city housing. Growing concern about employees available to meet future business continuity and community needs. •Given this, action plan developed with 4 objectives: Sustainability, Operational Excellence, Policy Advancement, & Communications. Hsg. Program Sustainability Action Items Continue to increase inventory Update down payment assistance program Evaluate a housing stipend program Complete long-term financial plan to support the internal housing program 63 Current EE Housing Inventory 6 Total Unit Count 74 Alpine Grove 3 Anderson Park 1 Animal Shelter 2 Aspen Animal Hospital 1 Aspen Recreation Center 1 Burlingame 8 Cemetery Lane 4 Deer Hill 1 E. Hopkins Ave.1 Main Street 8 Marolt Open Space 1 Marolt Seasonal 3 Parks Campus 1 S. West End St.1 Truscott 14 Water Place 24 More Recent Acquisitions Jul 2022: 418 AABC Alpine Grove – Unit F o $1,095,000 / 2-bedroom unit Dec 2023: Five Units at BG III o $563,327 / 1-bedroom unit (two) o $817,221 / 2-bedroom unit (three) Feb 2024: 601 S West End Street - Unit 13 o $1,091,125 / 1-bedroom unit 64 EE Housing Program Utilization 7 17 11 7 5 5 5 4 4 3 3 2 2 1 1 1 1 1 1 Police Utilities Parks & Open Space Recreation Engineering/Stormwater Com Dev / Env. Health Wheeler Opera House Vacant Non-City Employee Manager's Office IT Finance APCHA Clerk Attorney's Office Streets Parking Human Resources Four Units Currently Vacant o Two held for critical recruitments o Two vacant and advertised for lottery 65 Current Housing Environment 8 Opportunities are limited and expensive throughout Valley Median 1-Bedroom Rent Median 2-Bedroom Rent Vacancy Rate Aspen $4,750 $7,500 0.2% Basalt $2,495 $4,004 1.3% Carbondale $2,457 $3,749 1.2% Glenwood Springs $1,542 $2,588 1.0% Data Source: WMRHC 2023 Rental Study, Ribbon Demographics LLC (Oct 2023) Median Sale Price Single Family Home Median Sale Price Condominium Aspen $12.5M $4.3M Basalt $2.1M $1.1M Carbondale $2.0M $850K Glenwood Springs $891K $738K https://www.aspenrealtors.com/statistical-reports-by-town/ 66 Assessment of Housing Cost 9 Example 1-Bedroom Rent Rent: Hourly Rate Equivalent Needed Hourly Wage (if Rent is 30% of Gross) Aspen $4,750 $27.40 $91.35 Basalt $2,495 $14.39 $47.98 Carbondale $2,457 $14.18 $47.25 Glenwood Springs $1,542 $8.90 $29.65 53 111 75 43 31 18 9 1 5 0 20 40 60 80 100 120 $20-$29 $30-$39 $40-$49 $50-$59 $60-$69 $70-$79 $80-$89 $90-$99 $100+ Co u n t o f F T E s City of Aspen Employees by Hourly Rate Can “afford” Aspen rents Can “afford” Basalt / Carbondale rents Can “afford” Glenwood rents 67 10 Where Do City Staff Reside? Location # of EEs Aspen 167 Woody Creek 4 Snowmass Village 20 Basalt 41 El Jebel 7 Carbondale 58 Marble / Redstone 3 Glenwood Springs 21 Beyond Glenwood 23 Total 344 68 Employees By Wage & Housing 11 346 filled permanent positions (114 in affordable housing*) 232 in free market options % of AMI Area Median Income All Employees Ees Not in Subsidized Housing % of Ees Not in Subsidized Housing < 60%$58,680 17 12 71% < 80%$78,240 79 54 68% < 100%$97,800 86 60 70% < 120%$117,360 64 46 72% < 140%$136,920 36 23 64% < 160%$156,480 23 13 57% Above 160%41 24 59% All EEs 346 232 67% https://dlg.colorado.gov/area-median-income-limits-table *Includes City owned units and APCHA deed restricted units 69 Alt. Explored by Other Communities 12 Glenwood Springs has stipend program already in practice… •Eligibility = staff earning under $70,000 •83 qualified (of 198 full time staff) •$120,000 pool of funds spread evenly ($~120/month) Pitkin County has shared equity program… •Up to 40% of home value (max $300K-$400K pending location) •Appreciation split between County & EE (simple interest) •22 instances thus far; ~13 still active (mostly in GWS) 70 EE HOUSING REVENUES 13 Rental Income 7% Refund of Expenditures - Housing 4% Transfers In 89% 2025 2026 2027 2028 2029 Request Projection Projection Projection Projection Opening Balance $5,328,990 $8,435,660 $11,583,490 $14,126,720 $17,648,210 Rental Income $309,000 $315,180 $321,480 $327,910 $334,470 Investment Income $158,900 $168,710 $231,670 $282,530 $352,960 Refund of Expenditures $162,700 $166,500 $170,400 $174,300 $178,200 Revenues In $630,600 $650,390 $723,550 $784,740 $865,630 Transfers In $3,905,500 $3,998,700 $4,091,800 $4,184,800 $4,277,900 Total Revenues $4,536,100 $4,649,090 $4,815,350 $4,969,540 $5,143,530 Per FTE charge of $10,500 71 Stipend Pilot Program 14 Sample Options Individuals Cost Stipend Range 1: Flat Stipend up to $100,000 earners 163 $586,800 $300/mo 2: Based on APCHA Categories < 50% up to 130% AMI (graduated)186 $555,600 $200 to $400/mo 3: Based on AMI < 60% up to 100% AMI (graduated)124 $547,200 $300 to $500/mo 4: All EE’s In Free Market – no income verification 226 $542,400 $200/mo Sample options not reflective of a recommendation at this time… •Awards and eligibility will vary pending on decision •Intended for employees not otherwise benefiting from price-controlled housing •Balance supporting emergency response and other service delivery •Not full shift of program ’s priority; rather another alternative to address housing affordability issue - targeted acquisition would continue 72 Questions? 15 Does Council support the overall approach of the Employee Strategic Housing Plan presented? Does Council support the pilot stipend program as another housing solution for ensuring essential and reliable community services? 73