HomeMy WebLinkAboutresolution.apz.006-2025RESOLUTION #06
SERIES OF 2025
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RECEPTION#: 709417, R: $18.00, D: $0.00
DOC CODE: RESOLUTION
Pg 1 of 2, 05/16/2025 at 10:46:44 AM
Ingrid K. Grueter, Pitkin County, CO
A RESOLUTION OF THE ASPEN PLANNING AND ZONING COMMISSION
RECOMMENDING APPROVAL BY CITY COUNCIL OF THE ABILITY OF CERTAIN
DEVELOPMENT PROJECTS TO PAY FEE-IN-LIEU FOR REQUIRED AFFORDABLE
HOUSING MITIGATION REQUIREMENTS, PER MUNICIPAL CODE SECTION
26.470.110.C.
WHEREAS, the Affordable Housing Certificates Program has been established as the
preferred mechanism within the Land Use Code to provide required affordable housing mitigation;
and,
WHEREAS, the Land Use Code provides a process for an applicant to make a request to
Aspen City Council to provide affordable housing in excess of 0.10 Full-Time Equivalents (FTEs)
via a fee-in-lieu payment in Section 26.470.110.C; and,
WHEREAS, the Community Development Director signed Administrative Policy O 1-
2024 into effect on April 30, 2024, allowing for projects that generate up to 2.0 FTEs to be allowed
to mitigate via fee-in-lieu through the review procedures pursuant to 26.470.110.C -Provision of
-required affordable housing via a fee-in-lieu payment; and,
WHEREAS, Community Development Staff has analyzed the current market conditions
for Affordable Housing Certificates and has determined that there is a shortage, making it
practically impossible to acquire Affordable Housing Certificates; and,
WHEREAS, Community Development has presented and discussed this issue with the
Planning and Zoning Commission; and,
WHEREAS, at a regular meeting on May 7, 2025, the Planning and Zoning Commission
considered the request of one property owner to pay fee-in-lieu to meet affordable housing
mitigation requirements, and reviewed staff's memo, and by a six -zero (6-0) vote approves
Resolution #06, Series of 2025, recommending Council consideration and approval of the requests
to pay fee-in-lieu for QI of 2025.
NOW, THEREFORE BE IT RESOLVED BY THE PLANNING AND ZONING
COMMISSION OF THE CITY OF ASPEN, COLORADO THAT:
Section 1 Approvals:
Planning and Zoning Commission recommends the following project be required to extinguish the
0.46 FTEs obtained through the Affordable Housing Credits Program prior to building permit
issuance and pay up to 2.0 FTEs via fee-in-lieu to meet affordable housing mitigation requirements:
• 1380 Riverside Drive-0.19 Category 2 FTEs at the 2024 rate of $424,288.
Permit# 0071-2024-BRES
Planning and Zoning Commission
Resolution #06, Series of2025
Page I of2
The FTE mitigation calculation and valuations of the fee-in-lieu as presented are estimates only and
will be finalized prior to building permit issuance. This resolution does not approve fee-in-lieu
mitigation above 2.0 FTE for a single permit.
Section 2 Existing Litigation:
This Resolution shall not affect any existing litigation and shall not operate as an abatement of any
action or proceeding now pending under or by virtue of the ordinances repealed or amended as
herein provided, and the same shall be conducted and concluded under such prior ordinances.
Section 3 Severability:
If any section, subsection, sentence, clause, phrase, or portion of this Resolution is for any reason
held invalid or unconstitutional in a court of competent jurisdiction, such portion shall be deemed
a separate, distinct, and independent provision and shall not affect the validity of the remaining
portions thereof.
FINALLY, adopted, passed, and approved this 7th day of May 2025.
Approved as to form:
Attest:
~~=: cyTerry, Deputy Clerk
Approved as to content:
Planning and Zoning Commission
Resolution #06, Series of 2025
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