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HomeMy WebLinkAboutordinance.council.048-93 ORDIN CE (SERIES OF 1993) ~ ORDINANCE OF THE CITY OF ASPEN GRANTING AMENDMENT TO THE 1992 GMQS EXEMPTION APPROVAL FOR AFFORDABLE HOUSING FOR THE UTE PARK AH (AFFORDABLE HOUSING) SUEDIVISION / PUD TO CHANGE DEED RESTRICTIONS ON THREE UNITS WHEREAS, pursuant to Section 24-8-104 C.l.c. of the Aspen Municipal Code, the city Council may exempt deed restricted affordable housing units from the Growth Management Quota System (GMQS) competition; and WHEREAS, the Ute Park Subdivision received Final Subdivision, PUD, and GMQS Exemption approval in 1992 pursuant to Ordinance No.18 (Series 1992) for the development of three free market lots, three Category 3 townhomes, and four Category 4 townhomes; and WHEREAS, due to unforeseen financial considerations, project owner James Martin requested that the Aspen/Pitkin County Housing Authority consider a change of the Category 3 units to Category 4 units, and an increase in the initial sales price of all of the deed restricted units, such changes being approved by the Housing Authority Board; and WHEREAS, at a regular meeting held on August 24, 1993, the Aspen Planning and Zoning Commission agreed with the Housing Board's recommendation and found that the proposed amended deed restrictions and initial sale prices meet the requirements of the review criteria for GMQS Exemption; and WHEREAS, the Planning and Zoning Commission voted 4-0 to recommend approval to the City Council for the amendment to the 1992 GMQS Exemption for the deed restrictions at the Ute Park townhomes with conditions; and WHEREAS, the Aspen City Council having considered and agreed with the Housing Board and Planning and Zoning Commission recommendation, does wish to amend the 1992 Ute Park GMQS Exemption for Affordable Housing, changing the Category 3 units to Category 4 units, and increasing the initial sales prices for all of the seven townhomes within the project. NOWv THEREFOREv BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ASPEN, COLORADO: Section 1: That it does hereby grant an amendment to the 1992 Ute Park GMQS Exemption for Affordable Housing as initially granted pursuant to Ordinance No.18 (Series 1992) to change the three Category 3 units to Category 4, to increase the maximum initial sales price for the four Category 4 units pursuant to Section 24- 8-104.C.l.c. of the Aspen Municipal Code. Section 2. The conditions of approval which apply to this amended GMQS Exemption are: 1. The initial sales price for the three amended units shall be $135,000.00, and occupancy preference for these three units shall be to Category 3 households. 2. The initial sales price for the original four Category 4 units shall not exceed $180,000.00. 3. Ail material representations made by the applicant in the application and during public meetings with the Planning and Zoning Commission and City Council shall be adhered to and considered conditions of approval, unless otherwise amended by other conditions. Section 3:. A public hearing on the Ordinance shall be held on the day of~1993 at 5:00 P.M. in the City Council Chambers, 'Aspen City Hall, Aspen Colorado, fifteen (15) days prior 2 to which a hearing of public notice of the same shall be published in a newspaper of general circulation within the City of Aspen. Section 4: If any section, subsection, sentence, clause, phrase or portion of this ordinance is for any reason held invalid or unconstitutional by any court of competent jurisdiction, such provision and such holding shall not affect the validity of the remaining portions thereof. Section 5: This Ordinance shall not effect 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. INTRODUCED, READ AND ORDERED PUBLISHED as provided by law, by the City Council of the City of Aspen on the ~ day of John ett, Mayor FINALLY, adopted, passed and approved this ~ day of John te~nnet t~, May~~or Kath~n ~Kooh,'City Clerk