HomeMy WebLinkAboutbocc.ord.029.2005AN ORDINANCE OF THE BOARD OF COUNTY COMMISSIONERS
OF PITKIN COUNTY, COLORADO AUTHORIZING THE SALE OF
TRANSFERABLE DEVELOPMENT RIGHTS
ORDINANCE #05-_(0
RECITALS
1. Pitkin County owns undivided interests in real property (hereinafter the
"Property") as follows:
Mackey Lode, M.S. 4047 — 6.25%
Grand View Lode, M.S. 3619- 10%
Burro Lode, M.S. 3883— 10%
Kitty B. Lode, M.S. 3970 - 6.25%.
2. Pitkin County shares ownership of the Property with a number of other owners
who desire to sell the transferable development rights from the Property and four other properties
in which the County has no ownership interest.
3. The Property is zoned Rural and Remote under the Pitkin County Land Use Code
and is eligible for the issuance of transferable development rights (TDR's).
4. A written offer has been made to purchase the TDR's to be generated from the
Property for $225,000 each. If 4 TDR's are sold from the Property, Pitkin County's pro rata
share will be around $73,000.
5. There is no year round motor vehicle access to the Property, and it is in the best
interests of the citizens of Pitkin County to sever and sell the development rights to the Property.
6. The Board finds that it is appropriate to retain its interest in the Property as open
space.
NOW THEREFORE BE IT ORDAINED by the Board of County Commissioners of
Pitkin County, Colorado that:
1. the County's share in the development rights of the Property be converted to TDR
certificates;
2. the County's interest in the TDR's from the Property be sold pursuant to a written
contract to purchase the TDR's for $225,000 each; and
3. the Chair is authorized to execute all documents necessary to finalize the transaction,
including but not limited to a contract to buy and sell real estate consistent with the terms
recited above, provided that any such document is first approved as to form by the
County Attorney.
INTRODUCED, FIRST READ, AND SET FOR PUBLIC HEARING ON THE 27`h
DAY OF JULY, 2005.
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Ordinance #05-04? page 2 of 2
NOTICE OF PUBLIC HEARING PUBLISHED WEEKEND EDITION OF
THE ASPEN TIMES ON THE a DAY OF 2005.
APPROVED UPON SECOND READING AND PUBLIC HEARING ON THE 10TH
DAY OF AUGUST, 2005.
PUBLISHED AFTER ADOPTION IN THE WEEKEND EDITION OF THE ASPEN
TIMES ON THE x DAY OF AUGUST, 2005.
APPROVED AS TO FORM:
John Ely
County Attorney
PID # 273524400034
273524400012
273524100037
BOARD OF COUNTY COMMISSIONERS
OF PITKIN COUNTY, COLORADO
��—
Patti Kay-Clappe , Chair
Date: 0�- JY -05- JY -05
Hilary Fletcher Smith // d
County Manager
513750
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