HomeMy WebLinkAboutresolution.council.018-80RECORD OF PROCEEDINGS
RESOLUTION NO. 18
(Series of 198~
WHEREAS, the City Council is required to establish housing
price guidelines in October of each year for consideration in granting
points within the terms of the Growth Management 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)
until October 15, 1981:
Low
Income
(8) after the effective date of this resolution
Moderate Middle
Income Income
Rental Price $ .48/sq.ft. $ .63/sq.ft.
Sale Price $60.00/sq.ft. $71.00/sq.ft.
$ .78/sq.ft.
$82.00/sq.ft.
Section 2
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, 1978, until the date of
adoption of this resolution.
Low Moderate Middle
Income Income Income
Rental Price $ .42/sq.ft. $ .S5/sq.ft. $ .68/sq.ft.
Sale Price $49.00/sq.ft. $58.00/sq.ft. $66.00/sq.ft.
Section 3
For purposes
to Section 20-22, housing price
Section 2 above. Housing price
same as outlined in Section 1.
of oondominiumization of existing structures pursuant
guidelines shall be as outlined in
guidelines for new structures shall be the
RECORD OF PROCEEDINGS
100 Leaves
Section 4
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.
Section 5
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 payable on the second year following the
issuance of the final certif±cate of occupancy for the project, which-
ever is greater.
Section 6
The effective date of this resolution is October 15, 1980.
Section 7
As the price guidelines in Section 2 are modified from year-to-
year, they shall, as modified, apply to low, moderate and middle income
Section 1 shall be adopted for applica-
Growth Management Planand Condominiumi-
housing previously approved, but
tions seeking approval under the
zation.
Adopted this ~f~'~day-- of
, 1980.
Herman el,
Mayor
I, Robin R. Berry, duly appointed and acting Deputy City Clerk do
certify that the foregoing is a true and accurate copy of that resolution
adopted by City Council of the City of Aspen, Colorado, at a meeting
held ~~%_ ~7 , 1980.
Robin R. Berry
Deputy City Clerk