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RESOLUTION NO. ~'
Series of 2007
A RESOLUTION OF THE CITY OF ASPEN, COLORADO, APPROVING THE CATEGORY
MIX FOR DELIVERY 2 AND DELIVERY 3 FOR BURLINGAME RANCH 1
CONDOMINlUMS
WHEREAS, there has been submitted to the City Council at a work session held July 16,
2007, a request for categorization of the last fifty-three (53) units at Burlingame Ranch I
Condominium.
WHEREAS, the City Council recommended approval of said category mix stated on
Attachment I.
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 category mix stated in
Attachment I for the lottery process as stipulated in the Aspen/Pitkin County Housing Employee
Housing Guidelines.
Dated: July 23,2007.
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 July 23, 2007.
4~
ATTACHMENT 1
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BURLINGAME RANCH / DELIVERY 2 & 3/ NEXT 53 UNITS
Balance of Units: 10 One-bedrooms; 19 Two-bedrooms; 24 Three-bedrooms
-- "------ 1- I
BUILDING/ADDRESS
K-1-067 MOLLY COURT
.- ~
. UNIT
NO.
STORAGE
LOCATION
SIZE
UNIT
TYPE
CATEGORY
34MC -#Ii 3-bdrmfr 'A
<\
TOTAL MIX FOR BALANCE OF 53 UNITS
I I Delivery 2 - 22 units/Proposed
--14 - Category 2 1-Bedroom 1 _ Category 2 - .u._
! 1 - Category 4 2 - Category 3
. 3 - Category 2 2-Bedroom 7 - Category 3
3 - Category 3 3-Bed_room _ 1 - Category 2
2 - Category 4__ 4:Gategory 3
2 - Category 5 3 - Cate~o,!,4 __. _
1 .- Category 6 __._ _ .. __. 2 - Category 5
4 - Category 3 2 - Category 6
2 - Category 4
4 - Category 5
2 - Category 6
3 - Category 7
19LV,fl20
I rop~t lid ...,.
:~2 :01;~O:GE ROAD ':::IQ:
~ 19LV-fl19
-
,eXrlandabili..~ _ ~~~_~ ~ ~;~~~::1
107 * 17Q~-#2
F-1 -0163 FORGE ROAD. 101 1 1623 170FR"#3
55MB. - #3
I
. '
~9Ms. - #7
99MS"#6
2 levels -
r
1nl;
lUtl
34MC-o;.#3
99MS"#2
161MS" #7
-
Delivery 1 - 31 units / SOLD
1-Bedroom
I~~~_edroom
1.-
I~_=~edroom _______
. I:
1-bedtQom _
......;.
3-bedr<<lID
2-bedrOQm,
12-bbd ~i: 'A E
1- rm.. .e
2-bedtQom .
3-bedroom -
3-bedrooni .
Category
Summary
Min. Sq. Fl
1 1400-Cat. 1&2
21 850-Cat. 1&2
3/1.000 - Cat. 1&2
1 I 700 - Cat, 3&4
2/950 - Cat. 3&4
3/1.200 - Cat 3&4
1/800 - Cat 5&6
2/1.000 -Cat. 5&6
3/1,300 - Cat. 5&6
1 I gOO-Cat. 7
2/1.100-Cat. 7
3/1.400-Cat. 7
1-Bedroom
Delivery 3 - 31 Units/Proposed
2-Bedroom
3-Bedroom
- .1--
2007 Maximum Iucomes for SALES/OWNERSHIP Units Onlv
3 __Gategory 2
2 - Category 3
2 - Category4__
8 - Category 2
3 - Category 4
1 - Category 5
1 . Category 2
5 - Category 3
5 - Category 4
1 - Category 7
--
--
No. Of Dependents 'Cat 2 Cat 3 Cat 4 Cat 5 Cat 6 I Cat 7
o Dependents $48,000 $77,000 $125,000 '$134,000 $147,000 $162,000
1 Dependent 55,500 84,500 132,500 141,500 154,500 169,500
2 Dependents 63,000 92,000 140,000 149,000 162,000 177,000
3 or More Dependents 70,500 199,500 ! 147,500 156,500 169,500 184,500
Max. Net Assets 125,000 i 150,000 i 175,000 200,000 225,000 250,000
i
Maximum Sales Prices from 2007 Guidelines
Unit Tvoe Cat. 2 Cat. 3 Cat. 4 Cat. 5 'Cat. 6 Cat. 7
1 Bedroom $97,000 $147,000 $243,000 $345,000 $381,000 $424,000
---- -, -.. --
2 Bedroom ~$119,000 $175,000 $271,000 $372,000 $409,000 $452,000
_.-_. ,--~
3 Bedroom $146,000 $202;000 $298,000 $398,000 $434,000 $478,000