HomeMy WebLinkAboutresolution.council.018-78RECORD OF PROCEEDINGS
100 Leaves
RESOLUTION NO. ~
(Series of 1978)
WHEREAS, the City Council is required to establish
housing price guidelines on or before October 15 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
?hat within the terms of Section 24-10.4(b) (3) the
following housing price guidelines are adopted for the year
1979:
Low Moderate Middle
Income Income Income
Rental price $.36/sq. ft. $.A7/sq. ft. $.58/sq. ft.
Sale price $45/sq. ft. $53/sq. ft. $61/sq. ft.
Section 2
?hat 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 3
That the above-adopted rental price terms include the base
property tax assessment, increases in property taxes above
those assessed in the base tax 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 tax 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.
RECORD OF PROCEEDINGS
100 Leaves
Section 4
That the above-adopted housing price guidelines 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.
Section 5
As the price guidelines are modified from year-to-year
within the terms of Section 4 above, they shall, as modified
apply to low, moderate and middle income housing previously
approved as well as to those applications seeking approval
under the Growth Management Plan. However, 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.
Adopted this
~ndley TTT
Mayor~ ~
Kathryn S. Koch, duly appointed and acti~ City Clerk
do certify that the foregoing is a true and correct copy
of that resolution adopted by the City Council of the
City of Aspen, Colorado at a meeting held
Kathryn ~. ;{och
City Clerk
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RECORD OF PROCEEDINGS
100 Leaves
APPENDIX
LOW
INCOME
MODERATE
INCOME
MIDDLE
INCOME
Rental Price
$.36
Studio 144-216
1 Bedroom 216-288
2 Bedroom 270-360
3 Bedroom+ 342-504
Sale Price $45
Studio 18,000-27,000
1 Bedroom 27,000-36,000
2 Bedroom 33,750-45,000
3 Bedroom+ 42,750-63,000
$.47
188-282
282-376
352.50-470
446.50-658
$53
21,200-31,800
31,800-42,400
39,750-53,000
50,350-74,200
$.58
232-348
348-464
435-580
551-812
$61
24,400-36,600
36,600-48,800
45,750-61,000
57,950-85,400