HomeMy WebLinkAboutresolution.council.003-80RECORD OF PROCEEDINGS
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RESOLUTION NO. 3
(Series of 1980)
WHEREAS, the City Council is required to establish housing
price guidelines on or before October 15 of each year for consid-
eration in granting points within the terms of the Growth Manage-
ment Plan,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF ASPEN, COLORADO:
Section 1
That within the terms of Section 24-10.4(b) (3) the following
housing price guidelines are adopted for housing which is approved
under Section 24-10.4(b) (3) after the effective date of this reso-
lution until October 15, 1980:
Low Moderate Middle
Income Income Income
Rental Price
Sale Price
Section 2
$.42/sq.ft.
$52.00/sq.ft.
$.55/sq.ft.
$62.00/sq.ft.
$.68/sq.ft.
$71.00/sq.ft.
That within the terms of Section 24-10.4(b) (3) the following
housing price guidelines are adopted for housing which has been
approved under Section 24-10.4(b) (3) from October 9,
the date of adoption of this resolution.
Low Moderate
Income Income
1978, until
~iddle
Income
Rental Price
Sale Price
Section
$.39/sq.ft.
$45.00/sq.ft.
$.51/sq.ft.
$53.00/sq.ft.
$.63/sq.ft.
$61.00/sq.ft.
That the above-adopted rental price terms do not include
utility costs. A landlord may assess utility costs in addition to
the rental price adopted.
RECORD OF PROCEEDINGS
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Section 4
That the above-adopted rental price terms include the base
property tax assessment. Increases in property taxes above those
assessed in the base year may be assessed, pro rata, in addition
to the rental price adopted. For the purpose of this section the
property taxes assessed in the base year will be defined as the
property taxes due and payable on the third year following GMP
approval on the project or the property taxes due and payabl_e on
the second year following the issuance of the final certificate of
occupancy for the project, whichever is greater.
Section 5
That the housing price guidelines adopted in Section 1 and
Section 2 shall be modified from year-to-year in an amount equal
to the increase or decrease in the Denver Regional Consumer Price
Index. Such modification shall be made by the Council, or its
designated administrative officer, on or before October 15 of each
calendar year. The provisions of this section notwithstanding,
the rental price of any unit may not fall below the rate estab-
lished in the year in which the project application received
Growth Management approval.
Section 6
The effective date of this resolution is October 15, 1979.
Section 7
As the price guidelines are modified from year-to-year within
the terms of Section 5 above, they shall, as modified, apply to
low, moderate and middle income housing previously approved, but
separate guidelines shall be adopted for applications seeking
approval under the Growth Management Plan.
Adopted this /~day of~ ~ , 1~
Mayor
RECORD OF PROCEEDINGS
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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 ~, 19~
~athryn S. ~6~h
City Clerk~