HomeMy WebLinkAboutresolution.council.093-05 Series of 2005
A RESOLUTION OF THE CITY OF ASPEN, COLORADO, APPROVING THE PURCHASE
OF PITKIN COUNTY' S UNDIVIDED ONE-HALF INTEREST IN THE ASPEN MASS
PROPERTY AND DIRECTING THE CITY OF ASPEN FINANCE DIRECTOR TO RE-
ALLOCATE THE ENTIRE PURCHASE PRICE TO THE OPEN SPACE ACQUISITION
FUND.
WHEREAS, the City Council has determined that it is in the best interest of the City of
Aspen to acquire Pitkin County' s 1/2undivided interest in the Aspen Mass property; and
WHEREAS, the City of Aspen previously purchased a ½undivided interest in the Aspen
Mass property with funds from the Affordable Housing Fund; and
WHEREAS, the City Council has determined that the Aspen Mass property is not
appropriate for the construction of new affordable housing units, but should be retained as open
space.
NOW, WHEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF ASPEN, COLORADO:
Section One
That the City Council of the City of Aspen hereby approves the purchase from Pitkin
County of its ½undivided interest in the Aspen Mass property and the Mayor or City Manager
are hereby authorized to execute all requisite documents to accomplish said purchase.
Section Two
The City of Aspen Finance Director is hereby ordered to re-allocate the total cost of the
purchase of the Aspen Mass property (including the purchase of the original ½undivided interes0
so that the Affordable Housing Fund is reimbursed and the total cost is charged to the City of
Aspen Open Space Acquisition Fund.
Dated:
,2005~
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 ~ ~, 2005.
Kathryn S. Koch, City Clerk
JPW- saved: ll/16/2005-30%G:\john\word\resos\aspen-mass.doc