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RESOLUTION NO. 20
Series of 1999
A RESOLUTION OF THE CITY OF ASPEN, COLORADO,
AUTHORIZING EXPENDITURES OF 3.5 MILLION DOLLARS FROM
THE HOUSING/DA YCARE FUND FOR THE PURCHASE OF BASS
PARK AND AUTHORIZING THE CITY MANAGER TO EXECUTE THE
CONTRACT FOR PURCHASE.
WHEREAS, City Council has approved a contract between the City of
Aspen, Colorado, and Harry W. Bass, Jr. Marital for the purchase of land
known as Bass Park; and
WHEREAS, City Council desires to purchase the property with funds
from the HousingJDaycare Fund and the Parks Fund in order to have
additional time to plan the ultimate development of the property for park or
affordable housing purposes.
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NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL
OF THE CITY OF ASPEN, COLORADO:
Section 1
That the City Council of the City of Aspen hereby approves
expenditures of 3.5 million dollars from the HousingJDaycare and Parks Fund,
the exact amount from each fund to be determined by the Finance Director for
purposes of purchasing Bass Park.
WHEREAS, City Council desires Bass Park to be maintained by the
City of Aspen as a public park with no more than (Y2) half of the area to be
used for an affordable housing project; the precise use of the property to be
determined by the electorate at the November, 1999, general election; which
election shall contain three options: 1) a park with an associated tax increase;
2) a park/affordable housing mixed use project; 3) the ability for the City to
sell the property on the free market.
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Dated: ~
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I, Kathryn S. Koch, duly appointed and acting City Clerk do certify that
the foregoing is a true and accurate copy of that resolution ~ by the City
Council of the City of Aspen, Colorado, at a meeting hel. d ? ,
1999.
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