HomeMy WebLinkAboutresolution.council.005-80RECORD OF PROCEEDINGS
100 Leaves
RESOLUTION NO. 5
(Series of 1980)
WHEREAS, the City Council for the
has recognized the urgent need for the
housing within the Aspen area; and
City of Aspen, Colorado,
construction of employee
WHEREAS, the construction of employee housing is essential to
the economy of the City and to the continued viability of the City
as a premier ski resort; and
WHEREAS, the City has prepared plans and intends to construct
eighty (80) rental employee housing units on a piece of property
owned by the City and located directly south and adjacent to the
Castle Creek Road and east of the Aspen Valley Hospital; and
WHEREAS, in the planning process it was found
ance of general obligation bonds by the City could
rates for the project by as much as 8-10%; and
WHEREAS, the reduction of rents is desirable to create the
best possible project for the City, and
WHEREAS, the Council has placed the question of issuing
general obligations bonds before the electorate of the City of
Aspen by the adoption of Ordinance No. 89, Series of 1979, and
WHEREAS, it is the desire of the City Council to reduce to
that the issu-
reduce the
writing its commitment to the voters of the City of Aspen that
their approval of the general obligation bonds would not increase
general taxes;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF ASPEN, COLORADO:
Section 1
That the City Council for the City of Aspen, Colorado,
urges
to pass the general obligation bond issue question
1980, for the purpose of reducing rentals for the
the electorate
on February 26,
project.
RECORD OF PROCEEDINGS
100 Leaves
Section 2
That the City Council for the City of Aspen, Colorado,
pledges that it is its intention to charge and it shall charge
sufficient rents within the project so as to retire the bond
obligation without increasing the property taxes of the community.
Dated:
Her~
Mayor
I, Kathryn S. Koch, duly appointed and acting City Clerk of
the City of Aspen, Colorado, hereby 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
day of
on the
1980.