HomeMy WebLinkAboutminutes.council.19900307CITY
SPEN
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303-920-51 ministration
303-920-5198 FAX
March 6, 1990
NOTICE OF SPECIAL MEETING
At the request of Mayor Stirling, there will be a special
City Council meeting Wednesday, March 7, 1990, at 6:00 p.m. in the
City Council Chambers, 130 South Galena, Aspen, Colorado.
The purpose of this meeting will be to consider a contract to
purchase real property for affordable housing.
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Kathryn S,~' Koch, City Clerk
Notices delivered to:
Mayor Stirling
Councilmembers
Michael Gassman
Frank Peters
Steve Crockett
Bill Tuite
City Manager Anderson
City Attorney
Special Meeting Aspen Citv Council March 7, 1990
Mayor Pro Tem Gassman called the special meeting at 6:20 p.m. to
order with Councilmembers Crockett, Peters and Tuite present.
RESOLUTION #12, 1990 - Baldwin Property Purchase
Dave Myler, city attorney's office, told Council the purpose of
this meeting is to ratify a contract signed by the city manager
subject to Council's approval. This contract provides an approval
period through 5 p.m. March 28, 1990. Myler said this time period
will allow the city to study all aspects of the acquisition of the
property, if the price makes sense, what the city can do with this
property.
Myler told Council the city has under contract or is in negotiation
for properties that could be developed up to 132 units providing
about 295 bedrooms housing 325 employees at an average subsidy of
$4,000 per unit. The total cost of all these properties will be
$5,000,000 to $7,000,000 and all but $1,200,000 will be recovered.
Myler said the proposal for the Baldwin property is for 16 to 18
townhouse units priced in the moderate income range or $97/square
foot.
Myler told Council the net cost to the city for this property is
$2,380,000 for 2.3 acres. Myler said some of the property could
be sold for free market lots and this price can be substantially
reduced. Councilman Peters said a 30 day look at no risk is hard
to argue against. This time can be used to find out what the
property is worth and what can be put on the site. Councilman
Peters said Council needs to discuss how the acquisition, develop-
ment and planning of these sites should be coordinated with the
housing office. Councilman Peters said the city has an emerging
scattered site housing and land acquisition program.
Councilman Peters moved to adopt Resolution #12, Series of 1990;
seconded by Councilman Crockett. All in favor, motion carried.
Council adjourned at 6:35 p.m.
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Kathryn, Koch, City Clerk
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