HomeMy WebLinkAboutresolution.apz.004-77CITY OF ASPEN PLANNING AND ZONING COMMISSION
RESOLUTION NO. ~
RE: Policy for Condominiumization of Duplex and Multi-
Family Dwelling Units
WHEREAS, the Aspen City Council requested the City Attorney
at their May 23rd meeting to prepare an Ordinance which would require
multi-family condominiumizations to comply with the following require-
ments:
That existing tenants be given fair notice and a 90-
day exclusive non-assignable right of first refusal
to purchase their unit at the preliminary market
value at the time of first notice of intent to condo-
miniumize, and
2. That each unit be restricted to six month minimum
lease restrictions, and
WHEREAS, by memorandum dated May 31, 1977, the City Attorney
notified Planning and Zoning of Council's request for an ordinance and
suggested - at Council's request - that the Planning and Zoning consider
additional policy guidelines that would be considered for each appli-
cation on a case by case basis, and
WHEREAS, the Planning and Zoning Commission heard a report at
their July 5th meeting prepared by the Housing Director detailing the
impact of condominiumizations on the employee housing market and making
recommendations for policy to mitigate against any adverse impacts on
the pool of housing available to local permanent residents, and
WHEREAS, the Planning and Zoning Commission considered the
recommendations again at their regular August 16th meeting and at a
special meeting held on August 23rd and finds that it is necessary and
in the public interest that additional policy guidelines be drafted
to include a policy aimed at maintaining a supply of low and moderate
income housing and suggested general criteria for approval in accordance
with stated policy.
NOW THEREFORE BE IT RESOLVED that the Planning and Zoning
Commission supports the two requirements for multi-family condominium-
ization which were adopted by the Council on May 23rd and further
recommends that Council consider an Ordinance for both duplex and multi-
family condominiumization that contains additional policy guidelines
as follows:
1. That duplex multi-family condominiumizations be
allowed after review on a case by case basis.
That in each case, the applicant be requested to
demonstrate the short and long term impacts of the
proposal on the supply of low and moderate income
housing.
That it be the policy to approve those condominiumi-
zations which comply with the goal of maintianing a
supply of low and moderate income housing (as such may
be determined by the Housing Authority) available to
and affordable by the local resident which does not
displace existing tenants, and which will remain
within the low and moderate income category over the
long term.
That each applicant may choose the manner of demon-
strating compliance with the housing goal by providing
specific information at the time of Conceptual Plan
Submission on any of the following criteria including
but not limited to:
a. evidence that illustrates there will be minimal
tenant displacement as a result of the conversion.
b. evidence that the conversion will not be exclusionary
(unaffordable by persons of moderate income).
c. evidence that future prices of unit resales will not
become exclusionary such as subscription to a right
of first refusal or any other continuing control
mechanism which may be private or devised by the
Housing Authority.
d. evidence that tenants who cannot purchase their units
are relocated to similarly affordable housing if they
so desire.
e. evidence that future occupancy of theunits will be
made available to local employees of moderate incomes.
f. evidence regarding a long term lease arrangement to
the present tenants.
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evidence that the prospective purchaser(s) is an
employer or group of employers who intends to rent
the unit(s) to his employees.
AND BE IT FURTHER RESOLVED THAT the Planning and Zoning Commission
will continue to review all condominiumization applications in accordance
with existing policy adopted by the City Council unless and until City
Council makes any amendments or additions thereto.
Approved this ~ ~day of ~/~r , 1977.
Charles Collins, Chairman
Aspen Planning and Zoning Commission
I, ~/~>~ ~)~/J , Deputy City Clerk do hereby certify
that the foregoing resolution was adopted by the Aspen Planning and Zoning
Commission at its meeting held September 6, 1977.
Deputy City Clerk
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