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HomeMy WebLinkAboutOrdinance No. 04 Series of 2021 - 212 N. Monarch CC FirstReadingOrdinance No. 04, Series of 2021 212 North Monarch Street Page 1 of 3 ORDINANCE NO. 04 (SERIES OF 2021) AN ORDINANCE OF THE CITY OF ASPEN CITY COUNCIL APPROVING THE ESTABLISHMENT OF TRANSFERABLE DEVELOPMENT RIGHTS FOR THE PROPERTY LOCATED AT 212 NORTH MONARCH STREET, THE SOUTH SIXTY- TWO FEET OF LOTS A, B, AND C, BLOCK 78, CITY AND TOWNSITE OF ASPEN, COUNTY OF PITKIN, STATE OF COLORADO PARCEL ID: 2737-073-17-003 WHEREAS, the Community Development Department received an application from the applicants, Philip R Hodgson and Patricia Hodgson Family Trust, represented by Alan Richman Planning Services, Inc., for the property located at 212 North Monarch Street, City and Townsite of Aspen, Colorado, requesting approval for the following: • Transferable Development Rights (TDR) - Section 26.535 for the establishment of up to two (2) TDRs, representing the remaining residential development allowed on this historic parcel. WHEREAS, the Community Development Department reviewed the proposed application, found that the review standards were met, and recommended in favor of establishing two (2) TDRs for this site; and WHEREAS, the Historic Preservation Commission reviewed the application on February 24, 2021, during which the recommendations of the Community Development Department were heard by the Historic Preservation Commission (HPC), and the Commission recommended in favor of the establishment of up to two (2) TDRs through Resolution #004, Series of 2021, by a vote of five to zero (5 – 0). WHEREAS, City Council has reviewed and considered the development proposal under the applicable provisions of the Municipal Code as identified herein, has reviewed and considered the recommendations of the Community Development Director and the Historic Preservation Commission; and, WHEREAS, on March 9, 2021, the Aspen City Council approved Ordinance No. 04, Series of 2021, on First Reading; and, WHEREAS, during a duly noticed public hearing on March 9, 2021, the Aspen City Council approved Ordinance No. 04, Series of 2021, on Second Reading by a ____ to ____ ( __ – __ ) vote, approving the establishment of up to two (2) TDRs; and, WHEREAS, City Council finds that the development proposal meets or exceeds all the applicable development standards; and, Ordinance No. 04, Series of 2021 212 North Monarch Street Page 2 of 3 WHEREAS, the City Council finds that this Ordinance furthers and is necessary for the promotion of public health, safety, and welfare. NOW, THEREFORE, BE IT ORDAINED BY THE CITY OF ASPEN CITY COUNCIL AS FOLLOWS: Section 1: Transferable Development Rights (TDR) Pursuant to the findings set forth above, the City Council does hereby authorize the creation of up to two (2) TDRs from the 212 North Monarch Street with the following conditions: 1. Commencing with the severing of the first TDR from the property, the maximum floor area for the lot shall be 3,031 square feet minus 250 square feet for each TDR Certificate issued. 2. Upon satisfaction of all requirements, the City and the applicant shall establish a date on which the respective Historic TDR Certificates shall be validated and issued by the City and a deed restriction on the property shall be accepted by the City and filed with the Pitkin County Clerk and Recorder. The property owner may decide when and if, as warranted by the TDR market, the development rights will be converted into certificates and sold. 3. On the mutually agreed upon date, the Mayor of the City of Aspen shall execute and deliver the applicable number of Historic TDR Certificates on the property owner and the property owner shall execute and deliver a deed restriction lessening the available development right of the Sending Site by 250 square feet per TDR together with the appropriate fee for recording the deed restriction with the Pitkin County Clerk and Recorder’s Office. 4. All calculations shall be verified by The City prior to the issuance of Historic TDR Certificates. Section 2: Existing Litigation This ordinance 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. Section 4: A duly noticed public hearing on this Ordinance was held on the 9th day of March, 2021 at 5:00 PM in the City Council Chambers, Aspen City Hall, Aspen, Colorado. Ordinance No. 04, Series of 2021 212 North Monarch Street Page 3 of 3 INTRODUCED, READ AND ORDERED PUBLISED as provided by law, by the City Council of the City of Aspen on the 9th day of March, 2021. Attest: Approved as to content: ____________________________ ____________________________ Nicole Henning, City Clerk Torre, Mayor FINALLY, adopted, passed and approved this _____ day of __________, 2021. Approved as to form: Approved as to content: ____________________________ ____________________________ James R. True, City Attorney Torre, Mayor Attest: ____________________________ Nicole Henning, City Clerk