HomeMy WebLinkAboutresolution.council.059-90 SOL TION NO.
(Series of 1990)'
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN ACCEPTING A
CASH-IN-LIEU PAYMENT FOR EMPLOYEE HOUSING MITIGATION FOR THE 1990
GMP APPLICATION FOR THE PITKIN COUNTY BANK ADDITION AT 534 E.
HYMAN (LOT 4~ PITKIN CENTER SUBDIVISION)
WHEREAS, pursuant to Section 8-106 of the Aspen Land Use
Cede, September 15 of each year is established as the deadline
for submission of applications for commercial development
allotments within the City of Aspen; and
WHEREAS, a duly noticed public hearing was held by the Aspen
Planning and Zoning Commission (hereinafter "Commission") on
November 6, 1990 to consider the growth management quota system
competition for commercial development, at which time the
Commission did evaluate and score two applications; and
WHEREAS, the Commission found that the Pitkin County Bank
successfully met the minimum threshold for individual and
combined categories for a total score of 31.48 points; and
WHEREAS, the Commission recommended approval by special
review, with conditions, for a reduction of parking and
trash/utility service area; and
WHEREAS, the applicant has requested to mitigate employee
housing with cash-in-lieu; and
WHEREAS, pursuant to Section 8-109(J) of the Land Use Code,
City Council shall approve the method of housing mitigation and
having considered the request does approve the cash-in-lieu
payment.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF ASPEN, COLORADO that in accordance with Section 8-109(J)
of the Land Use Code, City Council does hereby accept a cash-in-
lieu payment for employee housing mitigation for 4°7 full time
low income employees as required by the Pitkin County Bank
addition, with the condition that prior to the issuance of any
building permits the payment, in the amount of $164,500.00, shall
be made to the Finance Director.
BE IT FURTHER RESOLVED by the Council that the mitigation
approval as herein awarded shall expire pursuant to Section 8-108
of Chapter 24 of the Municipal Code on the day after the third
anniversary of the date of approval of a site specific
development plan, unless a building permit is obtained and the
project is developed, or unless an exception from or extension of
the approval is obtained.
Dated: , 1990.
William L. Stirling, Mayor
I, Kathryn S. Koch, 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 , 1990.
Kathryn S. Koch, city Clerk
cc. reso .pitco .hsg
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