HomeMy WebLinkAboutresolution.council.020-79RECORD OF PROCEEDINGS
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RESOLUTION NO. ~
(Series of 1979)
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
this reso-
under Section 24-10.4(b)(3) after
lution until October 15, 1980:
Low
Income
the effective date of
Moderate Middle
Income Income
Rental Price $.57/sq. ft. $.80/sq. ft. $1.00/sq. ft.
Sale Price $59/sq. ft. $82/sq. ft. $102/sq. ft.
Section 2
That within the terms of Section 24-10.4(b)(3) the following
housing
approved under Section 24-10.4(b)(3) from October
the date of adoption of this resolution.
Low Moderate
Income Income
price guidelines are adopted for housing which has been
9, 1978, until
Middle
Income
Rental Price
Sale Price
Section 3
That
utility
$.42/sq. ft. $.55/sq. ft. $.68/sq. ft.
$52/sq. ft. $62/sq. ft. $71/sq. ft.
the above-adopted rental price terms do
the
costs. A landlord may assess
rental price adopted.
not include
utility costs in addition to
RECORD OF PROCEEDINGS
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Section 4
That
property
assessed
the above-adopted rental price terms include the base
tax assessment. Increases in property taxes above those
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 certificate of
occupancy for the project, whichever is greater.
Section 5
That the housing price guidelines adopted in Section 1 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 established in the
year in which the project application received Growth Management
approval.
Section 6
That the housing price guidelines adopted in Section 2 shall
be modified from year-to-year in an amount equal to the increase
or decrease in the National Housing Index averaged with the
increase or decrease in the Denver Regional Housing 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
price of any unit may not
year in which the project
approval.
this section notwithstanding, the rental
fall below the rate established in the
application received Growth Management
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RECORD OF PROCEEDINGS
100 Leaves
Section 7
As the price guidelines are modified from year-to-year within
the terms of Sections 5 and 6 above, they shall, as modified,
apply to low, moderate and middle income housing previously
approved, but separate
tions seeking approval
Adopted this
guidelines shall be adopted for applica-
under the Growth Management Plan.
day of , 1979.
Herman Edel
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 , 1979.
Kathryn S. Koch
City Clerk
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