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HomeMy Public PortalAboutTBP 1999-09-15 h~ -0 o -,. TOV~N OF FRA,SER "Iceboz of the Nation" P.O. Box 1201153 Fraser Avenue ~ Fraser, Colorado 80442 p ~ , (970) 726-5491 FAX Line; (970) 726-5518 TOWN BOARD AGENDA REGULAR MEETING September,l5,' 1999, 7:30 p.m. 1. Roll Call 2. Approval of 9/8/99 minutes 3. Open Forum . . a) Herb Myring, water fees b) Michelle Murray and Deb DeLap, Fraser First Nght celebration c) Grand County Board of County Commissioners 4. Public, Hearings a) Byers Vista Special Improvement bistrict Assessments 5. Action Items a) Ordinance , an ordinance setting assessments for the Byers Vista . Special Lur~+,vement District 6. Discussion Items , a) Proposed housing regulations 7. .Staff Choice , , 8. Board Choice Upcoming Meetings September 15th: 6:30 p.m. Board of Adjustment. & Appeals September 22nd: Planning Commission regular meeting October 6~': Town Board regular meeting October 13~': Town Board Budget workshop, October 20~`: Town Board Regular meeting October 27~': Planning C~......ission regular meeting __ , ~l D, .. I d o ` T,OV~N OF ERASER `Kcebox of the Nation" P.O: Box 120 / 153 Fraser Avenue Fraser, Colorado 80442 ~p (970) 726-5491 ~ FAX. Line: (970) 726-5518 j~ Manager's Briefing: September 13,.1999 ~ . ~ Catherine Trotter resigned her position effective 9/17/99. She is, however, on leave until that ~ F'.: .. - - time. I will fill in as 'the .acting, Comntunity .DCvel„r~..ent Director ,and will rely, as always,, on , . Vicky to assist in the day today operations. I will be coming to you with a propgsed change in the organizational structure and to discuss a timetable for filling Catherine s position sometime in . I the next few weeks: On Wednesday night, we have three,scheduled open,forum attendees: Herb Myring will be ;~ present to discuss: our current practice of charging full water fees as soon as a water tap is purchased. Vie used to allow pre~purchased water taps t© pay a "fire'' fee only (allowing access to the water- system for fire protection), but have ceased this. practiice as it led to some water tap speculation; .Now, when you purchase a water "tap"-we begin assessing you the standard monthly ~ . . ~ ~ , fee immediately: Next, Michelle Murray and Deb DeLap will ask fo~`.funding assistance for the { Fraser First Nght celebration -see the enclosed letter: Finally, the Grand County Board oi' ,County Commissioners will be present for ageneral. "How's itgoing?" discussion: We have a scheduled public hearing to set the; assessments for the Byers. Vista Special, ~ { Improvement District. An ordinance settings ~e same will be heard as an action- item. i ~: _. , , ~ , Finally, during discussion items, we'll discuss the proposed housing regulations and the draft guidelines for grants from certain, sections of the housing regulations. ~ It's not to be missed! See you Wednesday! - ~, .. ,. . ~ f~.;r~~~ w ~ IT b~ d, - ~ - ~ ~ y~~~l r~~~y d ~~ ~~ ., ~ I ~. I ~~ i ~.. ,r _~_, ~___ . _. ~ ._.._, .. _ ...~_. _ ýÿ ~Jinter Park~FV Chamber TEL~1-X03-7L6-9x49 Sep 09 99 9:10 Ido.003 P.Ot ~$- 9 :!!.bps R ~ t t~F°P~ F1'~! CiRAi~ FUTU L,'kAf'yU ~ I ~ oa ~ ,a~`+u~.+ er Pe~rkrl"U Lha~tbar 't~L ~ 1-308-X26-949 8e~ 09 99 $=34 P10 .Uli1 N .~d • .~ f=raa~r ToW€~ oourn~f ~: WiloFaals Murray, IAllreta~r R+fltridFrlurer VAiloy Chamber ara~i Dab ®arolep Ritttpnberp, ~tan+d Futttraa fat: Prater pa~1y lV4Hliennlum ~Iaa~r&tbrt ova: 98pt~rmt~r g, 1998 ~ tirrte dge. we decided that we w+a~ntad'le prcride srt aft®matl~re aa+ Iv~-v Y~ra iwvs fhe resiofarrte of the cammur+lty rind dur gua~atra. it a+ee our 4nfent tae ham a "F-rst tit ~rea~a~" aaslsbratla~n for tt'ta) AAptanraharra (~' is al tt9ltfOrtal tlrganlzatiOn. a3a3 Mf$elaxt 1! 1S to 'pritvis~ao s oa3isbrattiarr Of our o~mUnlty tha'ou~6e thr arts ~ htew er'~a Lea in s aata~ and ~nr4ohinp ®rwlrer+rr~ent.'~. Wtt->roev$r after studying the ~ilcatirm, wl91Ch is like a i1uK propoeezl, 6~ttd bdkiinq at dre ~~ ~ aabtaaflninp tha3 ne. $-1,t100-t>4. wa it urea n~ faot6ibQa at the time, r are pia~nraN'9g ha~vvaaf~r am g~ tarv~rd with A eimifert9rmaR ayf exttrla fair tha3 4ennium, 8AH of wt+ich arlii tam p h Prater. which acre ana asaillro$ t=tamer 6~atnHy ~an~n C Fraa~r was err beeausa i! h!!p8 the terpett ~n~ntraticn aaf btlclprl~rate buildings whi+pf'1 a areeY evsrrf w$rauee t#el! ofpttntt sett waHc bsok t~rt~i bett+raerf. Tfte venues etw sa feHon~: Town f~H$ f=cr Lti,rary rneet~+g ChamDh of the Ltsr~el NlN6. Pry 8p~t Chu~l't. Ohs twat yrrae at the preset ~roenteray end the Crete Lttiarnlr~y Oarter. h event - will fiat a dlttvrartt tlv~y such as aquaatre dsnatng, fete p~-ittting, bead n~ng~ v4deQS, fiumsr~ rr~rna~aly. tqo, etc, WOe save ~n~ crn b~imtirtg Ihr at 7:301x0 tAat a~+arayonte can liar raise a~f skian®ayr wetoh fAo firsarrOrke (-t Lehrer Craft. tit will oa~olarcie at i t):;84, aia~h wa thc~aght wss rMxiistlo ~~ fat this sad a fir+ttt time event, aa~i i$ la Rb® tipnr~ium thus it rne~r ba d9ibul¢ t+9 tfnd peopta Vvho aaUi wodc urotH nnidat. cur budget dslinea~, we earrnOt d'e this e*-a~r-t wet funding. thus ws are turnldp the fawns and the a~lmutrity tart ettpport~ Y~ wiW raotbe !n ilia budges that fhe ane -m oxpcnaa tar orttottalrsro~arit !a high. We b~v+e it ie an uraresilstic cotctitxi r PedA~ ta- vctuntesr titalr Nr do a~ a t~Mtworlhy ~rvarn~g,lAf a~ ham ycu view Is aa': a worth+~'-i~e avant that you wautd ! ~ assist vaR weir. ahd be rsvta~d that tispenAling era the e~tooets at the avant t!~ year, ie ie cur plan pbtatin the r~hts tay the "lriret N1ght" narr~r ice` . ~aanlt you foe' your tirri0. i~vawly, 1 ~ y thrh Ru9enbafp ~iirata~r Paui~dt=rr Va~tlay Gl~ambar M oomrr~a~ ~rAr~d f=utures Pr~wni><fm Ccalhian • ýÿ hinter Park~~V Chamfer TEL:1-303-726-949 Sep 09 99 • Fraser Family M~.~~~n~tium Celebrati~,n Budget lyaojected Inco~se I'raser ~I~ailcy i ,ion's Club $.5t)0 iNiYrter Park Cha~.ber $,~QO Town of £~raser X1,500 ?own of Winter Park $1,5U0 C'~rr~nc~ Cache $5UU ~~d~ni~.~ion l~cea( 300x$a.00; $1,5()U Mc~unt~in I'ark~ X1,000 $7,000 Projected Expenses hack Card (5p0t7 l~rintrd) $1,('Di)0 .~clvertlsing $~,tH10 • ~,g~tertainnnent ,$3,000 Supplic~ (Iivttdms, Uccorations, rtrj $1,17{}0 $ 7,tI00 pDra~fit (L~-gs} p x:10 No .003 P.03 • • TOWN OF ERASER ORDINANCE NO. AN ORDINANCE ArrxOVING THE WHOLE COST OF THE IMPROVEMENTS MADE IN BYERS VISTA SPECIAL IMPROVEMENT DISTRICT NO. 1998-1, IN THE TOWN OF ERASER, COLORADO; ArrtcOVING AND CONr1xMING THE APPORTIONMENT OF SAID COST TO EACH LOT OR TRACT OF LAND IN THE DISTRICT; ASSESSING A SHARE OF THE COST AGAINST EACH LOT OR TRACT OF LAND IN THE DISTRICT; AND PRESCRIBING THE MANNER FOR THE COLLECTION AND PAYMENT OF SAID ASSESSMENTS, AND DECLARING AN EMERGENCY. WHEREAS, by Ordinance No. 255, passed and adopted on October 7, 1998, the Board of Trustees has created Byers Vista Special Improvement District. No. 1998-1, within the Town of Fraser, for the purpose of constructing and installing public street, drainage and domestic water improvements, together with necessary incidentals; and WHEREAS, the whole cost of such improvements has been determined; and WHEREAS, an assessment roll has been prepared and a statement showing the total • cost of the improvements has been duly filed with the Board of Trustees, and due notice was given that the Board of Trustees would meet to hear and consider objections to the assessment roll, and that the owners of the property named in said assessment roll might, on or before the date of the hearing file with the Town Clerk, in writing, his or her objections to the assessments; and WHEREAS, the Board of Trustees has heard and considered all objections to the assessment roll; and WHEREAS, from the statement made and filed with the Board of Trustees, it appears that the whole cost of said improvements is the amount of $34,025.00, which will be assessed entirely against the real property specially benefitted and included within the District, except that portion to be paid by the Town, as set forth in said statement, and WHEREAS, from said statement it also appears that the Board of Trustees has apportioned a share of the whole cost to each lot tract of land in the District, in accordance with the benefits to be derived by said property and in the proportions and amount severally set forth in the assessment roll approved by the Board of Trustees, and WHEREAS, the Board of Trustees has determined to assess the cost of the improvements against those lots and tracts of land and in the amounts as are more particularly set forth in the assessment roll certified to the Board of Trustees; • NOW THEREFORE, BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE TOWN OF ERASER, COLORADO, THAT: Section 1. Confu~mation of Assessment Roll. That the whole cost and apportionment of the same, as set forth in the assessment roll is hereby approved and confirmed. Said apportionment is hereby declared to be in accordance with the special benefits which the property in the District will receive by reason of the construction of said unprovements. A shaze of said cost is hereby assessed to and upon each lot or tract of land within the District in the proportions and amounts set forth in the assessment roll, as filed in the office of the Town Clerk, and which is made a part hereof and incorporated herein by specific reference. ' Section 2. Payment of Assessments. That the assessments shall be due and payable at the office of the Town Clerk within thirty days after the publication of this Ordinance without demand and without discount; provided that all such assessments may be paid, at the election of the property owner, in installments, with interest as hereinafter provided. Failure to pay the whole assessment within the said period of thirty days shall be conclusively considered and held in election on the part of all persons interested, whether under disability or otherwise, to pay in said installments. Such election shall be conclusively held and considered as a waiver of any right to question the power or jurisdiction of the Town to construct the improvements, the quality of the work, the regulazity or sufficiency of the proceedings, or the validity or the correctness of the assessments, or the validity of the lien thereof. In the event of such election to pay in installments, the assessments shall be payable at the office of they County Treasurer of Grand County, Colorado, in ten (10) equal annual installments (or twenty (20) semi-annual installments) of principal, with interest on the unpaid principal amount at the rate of ~ % per annum commencing as of the effective date of this Ordinance, which installments of principal plus accrued interest shall be payable at the same times as payments of property taxes as specified in C.R.S. 39-10-104.5. The first such installment(s) shall be due in the yeaz 2000, and the remainder of said installments shall be due and payable successively in each year thereafter, with the last installment(s) of assessments to be due and payable in the yeaz 2009. Section 3. Penalty for Default or Non-Payment. Failure to pay any installments, whether of principal or interest, when due, shall cause the whole of the unpaid principal to become due and payable immediately. The whole amount of the unpaid principal and accrued interest shall thereafter draw interest at the rate of one per centum (1 %) per month, or fraction of a month, until the date of tax lien sale, as provided by law. At any time prior to the date of the tax lien sale, the owner may pay the amount of all unpaid installments with interest at one per centum (1 %) per month, or fraction of a month, and all penalties accrued and shall thereupon be restored to the right thereafter to pay in installments in the same manner as if default had not been suffered. The owner of any property not in default as to any installment • -2- ýÿ or payment may, at any time, pay the whole of the unpaid principal with accrued interest to the date of the next assessment installment payment date. Section 4. Assessment Lien. All assessments levied against the real property in the District, together with all interest thereon and penalties for default in payments thereof, and all costs in collecting the same, shall constitute, from the date of the final publication of this Ordinance, a perpetual lien in the several amounts assessed against each lot or tract of land. Such lien shall have priority over all other liens except general tax liens, and shall be enforced in accordance with the laws of the State of Colorado. Section 5. Assessments Against Divided or Subdivided Tracts. If any tract of real property included within the District is hereafter divided or subdivided into two or more such tracts or parcels, the Town Clerk is hereby authorized and directed to divide the assessment against such tract in the same proportion that the tract itself is subdivided into two or more such parcels, and to certify the revised assessments to the County Treasurer of Grand County, Colorado. Section 6. Notice of Payment of Assessments. The Town Clerk shall cause notice of assessments due to be published one time, on the same day as the final publication of this Ordinance. Such notice shall set forth the place of payment and the beginning and ending . dates of the thirty-day period for payment of assessments in full. Section 7. Severability. That if any one or more sections or parts of this Ordinance shall be adjudged unenforceable or invalid, such judgement shall not affect, impair or invalidate the remaining provisions of this Ordinance, it being the intention that the various provisions hereof are severable. Section 8. Repealer. That of acts, orders, resolutions, ordinances, or parts thereof, of the Town that are inconsistent or in conflict with this Ordinance are hereby repealed to the extent only of such inconsistency or conflict. This repealer shall not be construed so as to revive any act, order, resolution, ordinance or part thereof, heretofore repealed. Section 9. Recording and Authentication. This Ordinance, immediately on its passage shall be recorded in the Town Book of Ordinances kept for that purpose, authenticated by the signatures of the Mayor and Clerk and shall be published as required by law. Section 10. Emergency Provision. By reason of the fact that the costs of the improvements have been incurred, and are payable from the special assessments, and that it is necessary to levy and collect assessments against the property included within the District at the earliest possible date, it is hereby declared that an emergency exists, that this Ordinance is necessary to the immediate preservation of the public peace, health and safety, and that it shall • -3- • be in full force and effect upon adoption and compliance with Section 31-16-104, Colorado Revised Statutes, as amended. ADOPTED AND Ar'rxOVED, this day of 1998. Votes in favor: Votes opposed: Votes abstained: BOARD OF TRUSTEES OF THE TOWN OF ERASER, COLORADO BY: Jeff Johnston, Mayor (SEAL) A'1-1'~ST: Virginia Winter, Town Clerk • • Published in the Winter Park Manifest on 1999. C:\WP\PRASER\Special Imp Diet\ASaeasment-Ord.wpd ýÿ TOWN OF WINTER PARK • ORDINANCE NO. 293 SERIES 1999 AN ORDIti'AI~'CE ESTABLISHING EMPLOYEE HOUSING REQUIREME\'TS WHICH AMENDS THE WINTER PARK TO~VI~T CODE CONCERNING THE FOLLOWING 111 LES AND CHAPTERS: A, i i i LE 1, CHr'u~ 1 nR 11 - BUILDII`'G A1~1D DEVELOPMEl~'T FEES; B, TITLE 8, A NEW CHAD 1 nR 9 OF THE SUBDIVISION REGULATIONS; C, 111 LE 7, CHAPTER 7 - A NE~V SECTION 7-7-3-4 OF THE PLAI~INED UNIT DEVELOPMENT REGULATIONS; Al~'D D, A NEW TITLE 9, TOWN ANNEXATION REQUIREMENTS WHEREAS, the Town of Wintcr Park, Colorado is a home rule municipal corporation duly and regularly organized and no~v validly existing as a body corporate and politic and by virtue of the provisions of Article XX of the Constitution of the State of Colorado; WHEREAS, the Town of Wintcr Park, by virtue of its Home Rule status, may adopt such ordinances relative to local and municipal matters as arc necessary to effectuate the purposes and intent of the powers granted to municipalities; WHEREAS, the governments in Grand County have participated in studies relating to the need for affordable and attainable housing including the following: The Fraser Comprehensive Plan update, 1986; Grand County Housing Need, Assessment, 1992; Affordable Housing Feasibility Study, 1993; Demographic & Economic Reconnaissance Report, Grand County Growth Coordination Plan, 1996; and, Colorado ~r Association of Ski Towns, Affordable Housing Study that identified housing shortages, problems and solutions; WHEREAS, Grand County is served by the recently reorganized Grand County Housing Authority which administers County-wide housing programs and recommends housing policies in accordance with the provisions of C.R.S. §29-4-201 et sea.; WHEREAS, it is well documented that growth within Grand County and the Town from new construction of residential units and commercial space has created a demand for more permanent and seasonal )obi .. WHEREAS, new employment resulting from such growth has created a greater demand for existing housing units «ithin the County and the Town; WHEREAS, the demand for lo~v to middle priced housing units has increased thereby raising the cost of affordable housing; WHEREAS, the above studies have shown both a current and a projected shortfall in the number of low to middle priced housing units; WHEREAS, new construction in Winter Park has generally been for high cost housing units which further exacerbates the problem of supplying affordable housing units; l WHEREAS, it is the Town's intention to enact exaction requirements which are consistent tivith applicable constitutional standards and which are designed to stimulate construction and rehabilitation in the • lo~v to middle priced housing units in order to maintain the employee base which fosters the general health, safety and welfare of the Town. WHEREAS, elected officials representing the county and its six municipalities have made a commitment to formulate a County-wide policy regarding housing requirements for building permits, subdivisions, planned developments and annexations; WHEREAS, the governmental entities throughout Grand County desire to have similar housing exaction regulations and policies that are designed and intended to address and remedy the lo~v to middle income housing problem in the Town and the County in a manner which is constitutionally permissible, but which will not create a competitive advantage or disadvantage to one jurisdiction over another; 1~VHEREAS, the proposed policies and regulations were discussed in public hearings by respective Boards and Councils and the regulations are herein embodied in this Ordinance; and WHEREAS, the Town Council finds that the legislative action of adopting the provisions set forth in this Ordinance is necessary to protect the health, safety and welfare of the Town's residents. NO4V THEREFORE, BE IT ORDAINED by the Town Council of Winter Park, Colorado that the following amendments and/or additions to the Town Code are hereby adopted a, follows: Section 1-Anew Code Section is hereby added: Title 1, Chapter 11- 2.B. Afoordable Housing Fees: The Town shall collect the sum of three dollars ($3.00) for every square foot of new construction that occurs within the Town boundaries. The applicant for a building permit shall pay this fee to the Town by writing a separate check to the Town. The Town Building Official shall not issue any building permits for new construction until such time as this fee is paid in full. All funds thus paid to the Town shall be maintained in a separate account and shall be utilized for the purpose of providing affordable housing. The following new language is hereby added to the Town Code with such language being placed verbatim in the following three (3) areas within the Town Code: • Town Subdivision Regulations Title 8 -Anew Chanter 9 • Planned Unit Development Regulations Title 7, Chapter 7 -Anew Section 7-7-3-4 • Totvn Annexation Requirements -Anew Title 9 A. At subdivision or planned unit development approval, or at the time of annexation, the Winter Park Town Council shall require either the dedication/conveyance of land areas of up to five percent of the net area (gross land area less open space and school land dedication areas) for affordable housing or a payment in lieu of such dedication. The location and configuration of all such dedicated land areas, or subdivided lots, shall be mutually agreed upon by the property owner and the Town Council. The Totim Council will not accept land tivhich encompasses wetlands, slopes over 15% and other non-buildable azeas when applying the five percent (5%) land dedication. ýÿ The Town Council reserves the right to either construct (tither on its o~vn or in conjunction with other agencies or entities) affordable housing units on said dedicated land or to sell said dedicated • land to third parties. The proceeds from the sale of land areas and/or lots shall be used solely for the purpose of construction of affordable housing at other locations. At its sole discretion, the Town Council may accept a payment in lieu of land dedication which shall be calculated according to the provision of Subsection C described below. B. Dedication of such land areas and/or lots shall be made at the time of final subdivision platting, final approval of a Planned Unit Development, or prior to annexing unincorporated propert}' in one of the following ova}•s: 1. B}• dedicating to the Town, in fee simple, on the final plat, or 2. By granting the land areas in fee simple by general warranty deeds to the Town. All surveying, planning and legal work required to complete the conveyance of property shall be accomplished at the sole cost and expense of the property owner. C. A payment in lieu of dedication of land for affordable housing may be accepted by the Town Council in its sole discretion. The payment in lieu of land dedication shall not exceed five percent (5%) of the fair market value of the subject real property (all of the land in the subdivision, planned development or annexed area) based on the following criteria. 1. Fair market value shall be determined by mutual agreement between the property owner and the Town Council. Fair market value is to be determined based on the highest and best use of the property and shall be based on the assumption that all streets, utilities and other private/public improvements arc installed. Unimproved property values will not be considered by the Town Council when considering a payment in lieu of land. In the event of inability of any of the above parties to agree on the fair market value of the subject property, an independent party, being a qualified Colorado appraiser, shall be selected by mutual agreement of the parties. Said independent party's findings on fair market value shall be conclusive as to both parties. The property owner shall pay the cost of obtaining such appraisal. 2. Payment made under this subsection shall be payable to the Town. Said payment shall be payable prior to the recording of a final subdivision plat, approval of a final Planned Unit Development or prior to any annexation. 3. Funds from payments in lieu of land dedication shall be used exclusively by the Town and/or the Grand County Housing Authority to assist with the provision of affordable housing in the Town of Winter Park or in other areas of Grand County upon a finding by the Winter Park Town Council that the purchase or construction of such housing units outside the Town's boundaries will be and provide a direct benefit to the Town and its residents. INTRODUCED, APPROVED ON FIRST READI\'G, AND ORDERED PUBLISHED IN SUM1vIARY this day of , 1999. A public hearing shall be held at the regular meeting of the Winter Park Town Council on the day of , 1999 at or as soon thereafter as possible, at the Winter Park Town Hall. M • TOWN OF WINTER PARK Harold N. Teverbaugh, Mayor At t r;ST: Nanry J. Anderson, CMC/AAE, Town Clerk READ, ADOi t r;D AND ORDERED PUBLISHED IN SUMMARY on second and final reading by a vote of to on the day of , 1999. TOWN OF WINTER PARK Harold N. Tevcrbaugh, Mayor Ai tnST: Nancy J. Anderson, CMC/AAE, Town Clerk ýÿ From: Jirn Sheehan To: Tovm of Fraser Date: ~/10i1999 Time: 3:30:38 PM ®R~4FT ~4FFARD~4BL~ HOUSING GUI®EL11~I~S (:Rranal County Houatng ~uthorlty Section One To qualify for and be eligible to rent or purchase an affordable housing unit, a person must meet the following criteria: A. Minimum percent of income in Graced County 80 percent of all household income must be "earned income" in Grand CountS~. "Earned income" is defined as wages or salary far persons w.,~l.:.ag in Grand County. Line 7 of IRS Form 1040 and IRS Form 1040A and Line 1 of 1040EZ. • B. 14leet income Guidelines Household Category One Category Two Category Three Category Four Size 60°Pa 80% 100°Ai 150 °lo Area Area Area Area Median Median Median Median Income Income Income Income One 19fi80 26240 32800 49200 Two 22440 29920 37400 56100 Three 25260 33680 42100 63150 Four ?808a 37440 46800 70200 Five 30300 40400 50500 75750 Six 32580 43440 54300 81450 Seven 34800 46400 58000 81000 Owners of occupied affordable housing units need not be requalified. C. Working in the Coeuety rill eligible applicants for affordable housing must be a qualified employee as defimed below: 1. Currently working or has been hired to work in Grand County as an employee or i sole proprietor who is actively involved in lusher business, and 2. Works a minimum of thirty five (35) hours per week D. Gwnership of Residential Real Estate or a 1~Iolbile Home • Eligible ovvnars or rGa,t~., s of occupied affordable housing shall not own any other residential real estate or a mobile home as a rental property, at the time that they occapy the a$®rdable u~ut. If an individual owns vacant land at the time of Page 2 of a From: Jim Sheehan To: Town of Fraser Date: 09110H 999 Time: 3:44:44 PPd1 Page 4 of a DRAFT • Affordable Housing Building Permit Grant Policv A surcharge of $3.00 per square foot shall be assessed on each commercial and residential property for new construction or as an addition to an existing residential or commercial property by the Town or by Grand County, at the time that the Building Permit is issued. This surcharge may be reimbursed for any qualified applicant based on the following criteria: 1. The full amount of the surcharge shall be granted to the applicant by Grand County Housing Authority for any applicant with an annual eligibility income not e~rceeding 1 SO percent of area median income based on household size. 2. Persons with incomes above 150 ,~;.y.,ent of area median income based on household size shall be ineligible for a grant fi„u~ Grand County Housing Authority. 3. Developers ~vho agree to deed restrict units for affordable housing shall receive a grant of the amount paid based on the square footage of the affordable units. Developers who pay an in lieu fee shall be ineligible for a grant. DeStdtlons: Area Median Income • Income limits as established by the U.S. Department of Housing and Urban Development on an annual basis Affordable Hausint; Dwelling units restricted to individuals meeting asset, income, and work Guidelines approved by Grand County Housing Authority. Rental housing must be deed restricted to serve households with an annual eligibility incomes not exce~ing 80°10 of Area Median Income Dead restricted housing that is awned by an eligible family not exceeding 150°fo of AItiH Eligibility Income Eligibility income shall be defined as the gross annual income of all sources of earnings of all household members 18 years of age and older, based on household size who will be occupying the unit regardless of legal status. Household A household is defined as trembers of the family that reside at the property or who will reside at the property upon issuance of a certificate of occupancy or members of the family who are designated on the lease to reside in a rental unit. From: Jim Sheehan To: Toam o4 Freser Date: 0811 OH 999 Time: 3:30:38 P~JI Page 3 of 4 DRAFT • admission to affordable housing, as soon as the land is improved with a residence, the individual must relinquish the affordable housing unit. 1/. Reside on Site Upon purchase or recital of the unit, employee(s) shall occupy the unit as the primary residence. F. Assets No person occupying the unit shall have cumulative assets of no more than $50,000. Cumulative assets include the following: A Cash on hand, checlung accounts, savings accounts, or other accounts such as but not limited to certificate of deposits. > Real property not occupied as the home; Personal property in the form of mobile homes, trailers, ;~ Stocks and bonds and mutual &ucds not excluded as retirement ~ '~~Iortgages notes and similar properties that can be converted to cash - .md all other non-retirement assets. Any amour=. necessary for the down-payment shall be excluded in the determination of assets. Section Two • QualifieationE to reside in Affordable Housing To RE14iAIN e,igible to reside in an affordable housing unit, a person must meet the following: 1. For residing in a rental unit, a person must meet the requirements of Section One, A, B. C, D, E and F. 2. For residing in an ownership unit; a person must meet the requirements of Sectior. One, A, C, D, E and F. • ýÿ