HomeMy WebLinkAboutECHDA 2025-03 West End Units Docusign Envelope ID:4C9C3669-F19F-42EF-8C31-87F3EF2E8C78
Commissioner Boyd moved adoption
of the following Resolution:
EAGLE COUNTY HOUSING AND DEVELOPMENT AUTHORITY
RESOLUTION NO. 2025- 03
RESOLUTION AUTHORIZING EXECUTIVE DIRECTOR OF THE EAGLE COUNTY
HOUSING AND DEVELOPMENT AUTHORITY TO EXECUTE AGREEMENTS AND
DOCUMENTS ASSOCIATED WITH DEED RESTRICTIONS,AND THE RENTAL OF
WEST END UNITS
WHEREAS, the West End PUD includes an affordable housing plan that meets and
exceeds the recommended mitigation of the Eagle County Affordable Housing Guidelines
through provision of ten percent(10%) of the individual apartment units within the buildings
constructed on the property(e.g., 28 units of the 275 units planned for the project) are designated
as price capped rental deed restricted units and sixty-five percent(65%) of the individual
apartment units within the buildings constructed on the property (e.g., 179 units of the 275 units
planned for the project) are designated as resident occupied rental deed restricted units. The West
End PUD Affordable Housing Plan is detailed in the West End PUD Guide and assures that
long-term affordable housing is provided in the PUD, to provide public benefit, and conform
with the Comprehensive Plan; and
WHEREAS, affordable housing within the West End PUD is to be provided in two (2)
general types: price capped rental deed restricted and resident occupied rental deed restricted,
with quantities specified for each in the PUD Guide; and
WHEREAS, it will be necessary for the Eagle County Housing and Development
Authority(the "ECHDA") to execute certain documents associated with conveyance of deed
restriction agreements; and
WHEREAS, ECHDA desires to delegate to the Executive Director of ECHDA and in
her absence,the Eagle County Deputy Director,the authority to negotiate, enter into and execute
on its behalf all deed restriction agreements for price capped and resident occupied rental
housing and any associated documents, including but not limited to options to purchase; and all
documents, instruments and other forms that may be necessary to complete contained in the PUD
Guide.
Docusign Envelope ID:4C9C3669-F19F-42EF-8C31-87F3EF2E8C78
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSIONERS OF THE EAGLE
COUNTY HOUSING AND DEVELOPMENT AUTHORITY:
THAT the ECHDA Board hereby authorizes the Executive Director of ECHDA and in
her absence, the Eagle County Deputy Director,the authority to negotiate, enter into and execute
on its behalf all deed restriction agreements for price capped and resident occupied rental
housing, and any associated documents, including but not limited to forms that may be necessary
to complete the purchase of any non-price capped for sale units pursuant to the First Right of
Offer contained in the PUD Guide.
THAT, the Commissioners of the Eagle County Housing and Development Authority
find, determine and declare that this Resolution is necessary for the public health, safety and
welfare of the citizens of Eagle County, State of Colorado.
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Docusign Envelope ID:4C9C3669-F19F-42EF-8C31-87F3EF2E8C78
MOVED, READ AND ADOPTED by the Eagle County Housing and Development Authority,
at its regular meeting held this 8th day of July , 2025.
c— Signed by:
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EAGLE COUNTY HOUSING AND
`LoRwo DEVELOPMENT AUTHORITY
ATTEST: DocuSigned by: DocuSigned by:
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EFFStn977d67d71 By: CAIAC128F8M17A..
Secretary to ECHDA Jeanne McQueeney
President, ECHDA
Signed by:
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Tom Boyd
Commissioner
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by:
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Matt Scherr
Commissioner
Commissioner scherr seconded adoption of the foregoing resolution. The roll having been
called, the vote was as follows:
Commissioner McQueeney Aye
Commissioner Boyd Aye
Commissioner Scherr Aye
This resolution passed by 3/0 vote of the Board of County Commissioners of the County
of Eagle, State of Colorado