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HomeMy WebLinkAboutbocc.res.038.2019 RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF PITKIN COUNTY, COLORADO,APPROVING THE EAGLE RIDGE,LLC REQUEST TO ELIMINATE THE AFFRODABLE DWELLING .S� UNIT DEED RESTRICTION Resolution No.W-2019 RECITALS 1. Eagle Ridge,LLC ("Applicant") has applied to the Board of County Commissioners of Pitkin County, Colorado("BOCC")to eliminate the affordable dwelling unit deed restriction that encumbers an existing attached unit,in exchange for a fee-in-lieu or buy-down of an existing off-site unit. 2. The Applicant's lot is zoned R-30 and contains 1.36 acres. 3. Said lot is located at 715 Willoughby Way,and is more specifically described as Lot 1, Cheek Subdivision. 4. The BOCC approved the Cheek Subdivision General Submission/PUD and Special Review Approval in 1981,Resolution No. 81-125,Reception No. 237842 and Subdivision Final Plat in 1982, pursuant to Resolution No. 82-72. Growth Management allotments for five new lots were created and four lots were required to provide"one low income,restricted unit. Two of the restricted units shall be two-bedroom units containing between 700-800 square feet each and the remaining two restricted units will be three-bedroom units of at least 1000 square feet each." They were to be constructed concurrent with the free market residence. Lot 4 was considered the fathering parcel and was not required to provide a low-income deed restricted unit. 5. The single family residence on Lot 1 was built in 1995. The affordable dwelling unit was built concurrent with the residence and a Deed Restriction was recorded against the property (Reception#376978—Exhibit 2 in the application). 6. The APCHA Board reviewed the proposal at their regular Board meeting and recommend the approval to release the deed restriction by satisfying the Category 1 two-bedroom mitigation requirement by providing a buy-down approved by APCHA at the Category 3 rate with an additional fee of$148,595.50 to be paid to satisfy the Category 1 restriction.The buy-down unit must also meet the Marketability Standards(Appendix I)as stated in the Guidelines. 7. The BOCC heard this application at their regular meeting on June 12,2019,at which time evidence and testimony was presented with respect to the application. 8. The BOCC finds that it is appropriate to eliminate the affordable dwelling unit because the BOCC finds that to allow a buy-down of a unit off-site is an appropriate alternative to the on-site unit. 9. The BOCC finds that it is appropriate to require that an additional$148,595.50 fee-in-lieu be paid to satisfy the difference between a Category 1 and Category 3 deed restriction. 10. The BOCC further finds that the applicant's commitment to purchase a free market unit and deed restrict that unit to a Category 3 deed restriction and a cash-in-lieu payment is consistent with the policies of APCHA. SIIII VIIIVIII VIIIVIII VIII IIII III IIIIIIIIVIIIVIIIIIIIIII IIIIII RECEPTION#:666817,R: $0.00,D: $0.00 DOC CODE: RESOLUTION Pg 1 of 3,06/24/2019 at 09:07:34 nt Janice K.Vos Caudill,Pitkin County, CO Resolution No.V 3 2019 Page 2 NOW,THEREFORE,BE IT RESOLVED by the BOCC that it does hereby grant approval to eliminate the affordable dwelling unit deed restriction recorded as Reception No. 376978, subject to the following conditions,which shall run with the land and be binding on all successors in interest: 1. Within one year of the date of this approval, and prior to the release of the current affordable dwelling unit deed restriction,the Applicant shall complete both a. and b. and c. and be subject to e., as follows: a. Be under contract to purchase a buy-down unit approved by APCHA at the Category 3 rate as mitigation to eliminate the Category 1 affordable housing dwelling unit restriction. The buy-down unit must also meet the Marketability Standards (Appendix I) as stated in the Guidelines. APCHA Staff will work with the Applicant prior to purchase completion to provide guidance on necessary updates. b. The buy-down unit must be within the Aspen Urban Growth Boundary. c. Pay to the County an additional fee of$148,595.50 or the applicable fee based upon the Guidelines at the time of payment to satisfy the Category 1 deed restriction. d. The applicant shall maintain the existing unit configuration and convert the unit to a Caretaker's Dwelling Unit and file an updated deed restriction with APCHA upon accomplishing A,B, and C. e. The Applicant may be granted an extension of six to twelve months by the Community Development Director to allow for the procurement and delivery of a suitable APCHA Staff approved unit, or to allow for the existing tenant to complete their current lease in keeping with APCHA guidelines, or due to any unforeseen building permit or remediation issues. Such request will be submitted in writing and reviewed administratively by Community Development Staff. The unit must remain in compliance with the deed restriction. 2. The Applicant shall adhere to all material representations made in public hearings and in the application. Resolution No.O,74-2019 Page 3 APPROVED AND ADOPTED on the 12th day of June,2019. BOARD OF COUNTY COMMISSIONERS OF PITKIN CO Y,COLORADO By • ST: G g Poschman,Chairman n Date 6/2 L)// Jea :tte Jones ' Clef to the BOCC APPROVED AS TO FORM: APPROVED AS TO CONTENT: i-t--(1 110Cr\- - John Ely, Cin ouben, County Attorney Community Development Director Case#P019-19 PID#273512106001