HomeMy WebLinkAboutbocc.res.056.1993 r �
i
�
' t �' �i I I'.I� :.,,:_ °:3. ' . �
l ! f.'i.;,y I �.'! . �; ��'• .
. y z
�:���, � �e�� � - f i��� ',T�,n,df ,� �t.
.. � ?,:i x� �r�? .ki`''�' .r ` A'�.���,
, .' �° �y .a{�'` ,�;' p o, 1� t�- L T �t'°'�'��:.�„�d
. 1� � � ..�� � "r��r .,%�.�+P!O+f 4��'�'�Y` � ��� Yl?(.�`1
� . . ..t�. ,^���l4.,
#35620B u4/26/93 11:13 Rec �.4i_> �+K 709 FG 701 '��' .�
'�r^:;
_ Silvia Davis, F'itF;in Cnty Cler•4:, Doc �.r�i� }, . ,�•�
:�y.: '�/1.
A RESOLDTION OF THE HOARD OF COUNTY COMMI88IONERB �
OF PITRIN COIINTY� GOLORADO E8TA87.ISHING FIVE (5) '�t:
DEED RESTRICTION OPTIONS FOR
± EAST ONL CREER LOT OWNSRS E1 - E9 { �,
; Resolukion No. 93-3G i'-� _r-
j {�:�
t
RECITALS :;
�'
:�,
1. Since last fall the Housing Board and the Board of County
Commissioners (BOCC) have met with the East owl Creek lot
owners in an effort to resolve a wide variety of issues
' surrounding the experimental program which allows lot owners •;��.
� � to construct their own affordable house; ` {
, I �y{�:.
' 2. The SOCC held five meetings in an effort to develop an '
. ; equitable solution to the many issues which the lot owners ��'';�
�
? have brought forward for BOCC consideration;
i
S 3. As these meetings progressed, the BoCC realized that no one :�'.
solution was capable of addressing the wide variety of issues
which the lot owners brough� forward;
1!P�
4. The BOCC made several findings; i���
� a. The concept of owner built housing is an experimental
program and as in any experiment adjustments must be
made;
° b. No one solution will address all of the issues associated
with this experimental program; , �
_�_�
c. The BOCC developed a list of five {5) diFferent options
' � for the lot owners to select from. This list was
developed with the intent of ineeting the different needs
� of each Iot owner;
�
:�.
d. The BoCC made it clear that this list of options was not ,
a policy precedent, but only an adjustment to an
experimental program. -
NOW, THEREFORE, SE TT RESOLVED the BOCC are creating five (5) .�
� deed restriction options from which the individual Iot owners can
select one option. The five (5) options offered to the lot owners t
� : e`-',`
i are summarized as Pollows: , �,":
i �-i..� .?r,_'{
� OptlOri �l �1 �
� * MaXimum Resale Price:
$185,800 or actual cost, whichever is
+ less.
I
i �:i:
I
c.:-ir> .
. I.���.`..'::-��-�,' .
� _._ ..-�__�.�:.-,_......... _._ ..:._...._.. . .._. .�
..._... . _ . . .�, . .. _. .....___... . .I.,.. ..-�.
. �.. . ..... . . . �._. :.t. . ...� .._ ..___ . ,. .....
t .
_.. ,f:. ...
\ . � ' , .y � . ; ,
i +
.���.j. .
�i_--r'i�. .
-�_�:a� . . . , • .
t;jj�� .e . . . .
�} ' , •
�x: t'� � �� , - , }, � . � �`. r � � , ;..
� p, ` � ti� . � i r "
� ° �� 1r tr .�, f 'e�- a � ' �re� `� � "j��
�i � . 7 jy ��� , ,��� :{��L��
' . _��4 �'a� I'c. ��� x��Sy'"� �`�'. 4 �`�.� �.��µ / wF � Yr£�(..
r4
t. �'r � ,.��"' _ . . .:�' ,��t L'�.:
�;r :
ti ��,
#3562C�8 t74/26/93 11:13 F:ec �.tjU BtC 709 F'G 702 �:T' ,�N'
Silvia Davis� Pit4:in Cnty Clerk, Doc �.�]U
_ '`y.:':.�+.
* Appreciatzon Cap: 3% or CPI, whichever is less; appreciation �.'<:;-�
will start at the time of building permit (Lot 1 - 2/91; Lot �
2 - 6/91; Lot 3 - 7/90: Lot 4 - 8/92j . '_',i: ..
;�. ; .
* Capital Improvements: none. �;�;�': ~"
:'r'
option #2 (Housing Board Resolution 92-8) �
�'
+� Maximum Resale Price: $135,800 plus $30,000 adjustment. �:'`' r
xs;'.,
* Appreciation Cap: 6% or CPI, whichever is less; however, ti� `
pz'>
appreciation is only permitted on $135,800: the $30,000 �'%•�,
adjustment is never appreciated. Appreciation starts at the
� time of Certificate of Occupancy (Lot 1 - 4/93, Lot 2 - 1/93,
I Lot 3 - 3/91, Lot 4 - 7/92) . ;:'.i �
` i
?:v�
* Capital Improvements: none.
.t:,'i
� Option #3 (Original Executed Deed Restriction)
i * Maximum Resale Price: $135,s00 ,�
� ��.
� * Appreciation Cap: 6% or CPI, whichever is less. Appreciation
starts at the time of Certificate of Occupancy. `'s.
,,rj��'.,
' * Capital Improvements: none. -
1
� Option #4 (BOCC Resolution #92-122)
i * Maximum Resale Price: $Z65,800 or actual cost, whichever is _�
` � less.
* Appreciation Cap: 30 or CPI, whichevez is less. ��
-;— * capital Improvements: 10$.
f
option #5
�
� * Maximum Resale Pzioe: $135,800 plus lot and site preparation
.�
, � costs. Approximate prices based upon lot owner estimates: •
Lot 1 - $152,800
Lot 2 - $169,800 �
Lot 3 - $155,800 '�j. �i
� i. tl';';
Lot 4 - $169,800 � � "
�� ' �,
* Appreciation Cap: 6� or CPI, whichever is less; once the
value of the home reaches $185,000, then the appreciation cap � ,,
changes to 3� or CPI, whichever is less. Appreciation will
', �
z ���
i }�\ �
'.1:.
( t
.��..-......_.. ..�.'�:�.:.tt.�.w:.�..w..�.���_. �......_._ .__......:: . _._....-. . . . � :` ., �........•. :.
.__... . .:......� . .. ,..., . ... . . ��. ...,_...:� . . . . ..
' . .. . b . .. . . ...... --: t..;- ..
� 1 . . :
�
� . �
Y���'� • ' �
•.x�., . - . .
t�i; '
.,�yy.
� � �� '::r� . s�l�: i ��,i t �.� ' ., ... �.
� �(-
.. . . ..�r I.��'! ^... r'. �!' �r r l . .
�� � ' 1�. � .i �. I/ �J'�F'd� �i
� + �,tn ` ? { r� q ;;��`e A'� ,d'� �1��'�1}��+
<. + Z . '�'li 71�a.���'1 'rtV,1" A r r ��Y.E
�ta,. �i"'i� � a'. J}}. ' � -Jt4" ..
. . �� .� . lr I �.� ry� � :�,F? .. , ���''L� . . . .,... , . ��� ���'L�?
_ {. __
•,�.y
#3562U8 04/26/93 11:1� Fec �.��U RK 709 FG 703 "�'''� '`•
Silvia Davis� F'itkin Cnty Clert:, Doc �.0�7
. 'L.
''' �•
start at the mid-point between the time of building permit and ' ,'-� '
Certificate of Occupancy (Lot 1 - 3/92, Lot 2 - 3/92, Lot 3 - �,{:,>.-
� 11/90, Lot 4 - 1/92) . .-•'Y�'-;.':. '_
� * Capital Improvements: none. �'� ^
�'"=�
NOW, THEREFORE, BE IT FURTHER RESOLVED the lot owners will t ,,_,J
�
have ninety (90) days from the adoption of this resolution to �;.;:: :-
I select their preferred option; if no option is selected within :�;t;°;, •
ninety (90) days, then the existing deed restriction will remain in '�'-" '
� effect. �,i�,
.�,-:
;.:
APPROVED BY the Board of County Commissioners of Pitkin �:`
� County, Colorado at their regular meeting on Apri1 :2'� 1993. 1'
� i 3%+� �
i PU LISHED AFTER ADOPTION IN THE ASPEN TIMES oa the 30�- DAY !�'��'��.
-�. Q �t,
'i OF r 1993. "':
.[,':-
ATT T: BOARD OF COUNTY CO SSTONERS
, OF PITKIN COUNTY O RADO
:��
( gy: ,.,.
anette Jon Bil i , Chairman ':i�;j��
eputy Clerk Recorder I
Date: 9-�� -�!'3
APPROV AS TO FORM: MANAGER APPROVAL:
d
� � � �--n � ��
� Timot y . Whitsitt Reid Haughey
__ Coun y A t rney County Manager
;,
APPROVED AS TO CONTENT:
\
\ .
:�
IThomas M. a er
� Executive Director, Housing
i;�
eoul.rso ���- �'i���
' #;�(
.��f�,..., '' �
�'!
'� 1��,
I `
I 3 i
' 1 � 4
5 Y
��:::.:±��::•1�.
(` � �
i _... _ __ ___._.
l ��
___--- --- ...._.. :.____,_ __ _ _ ___
. .
_ _
----.--_. . ..
_ _.._.� �..�4 _ _�.. .._--- - . ,
. • _-
..
, � .
, ,
��� , . '
;V.�.,`�.}K: . � . � .
T�'..
;wY