SUMMARY OF
TOSV RESTRICTED HOUSING
CODE STANDARDS
(Prior to or during tour route)
 PURPOSE – Provision of housing for low, moderate, middle income;
60% accommodation of new employees generated by new development.
 REQUIREMENTS – Job rates for various uses per 1,000 SF or per Unit;
 Applied at maximum annual (peak) employment;
 Other methods: (consulting publications; peak season / maximum annual employee staffing plan)
 SF PER FTE EMPLOYEE – MIN. 448 SF
 UNIT SIZE RANGES – STUDIO: 448-550SF
 1-BDRM: 550-750SF
 2-BDRM: 750-1080 SF
 3-BDRM: 1,150-1,350 SF
 SF PER SEASONAL EMPLOYEE – MIN. 224 SF
- Dormitory or shared living;
- Single-room occupancy for ea. employee, w/ shared living, restrooms & kitchen;
- 224 SF of shared living space per employee required
 REDEVELOPMENT – 115% credit for housing mitigation on existing uses
(Post redevelopment jobs – RD jobs x 115%)
Existing employee housing to be replaced;
Verifiable information on FTE employees housed;

 ALTERNATIVE INDEPENDENT CALCULATION – Comparable resort or local data, analysis, surveys (based upon unique circumstances and reviewed by the Town Council)
 INDEPENDENT PAYROLL AUDIT – Council may require 2-years after occupancy. Extension or additional housing addressed in agreement.
 METHODS: Ownership (Town, developer or combination) – During Prel.
 PROVISIONS: Development buy-down;
Restricted sale;
Other means: (restricted rates & use via agreement; and land for credits);
 CASH-IN-LIEU FOR MINOR DEVELOPMENTS – Net cost of land and all related planning, design, development & construction expenses.
 DEVELOPER RESPONSIBILITIES – Planning, design & development approvals, the land, and full costs of construction;
 TOWN COUNCIL RESPONSIBILITIES – During Prel: Unit mix, configuration, rental rates, sale prices, occupancy rates, operating budgets (inc. maintenance of capital reserve), based upon comparables and housing surveys or employee staffing plan.
 HOA DUES – Restricted Housing Units may only be assessed monthly dues based on comparable unit size or size of lot; CCRs shall state maximum share of general, common, limited, special or other assessments allocated to each restricted housing unit.

SUMMARY OF
VICEROY RESTRICTED HOUSING UNITS
 PART OF BASE VILLAGE AND ITS RESTRICTED HOUSING AGREEMENT;
 REQUIRES SALE OR LEASE;
 REQUIRES RESTRICTIVE COVENANT FOR EVERY UNIT SOLD OR RENTED;
 BASE VILLAGE EMPLOYEE HOUSING REQUIREMENT: 138K SF
(i.e., 306 FTE or 614 Seasonal employees)
 EMPLOYEE HOUSING TO BE PROVIDED IN BV:

19K, INCLUDING 6,600 SF IN VICEROY
 OTHER:

38K AT CLUB COMMONS II;

32K AT SINCLAIR MEADOWS;

39K CREDITS;

10K LATER BY AGREEMENT
 EXISITING EMPLOYEE HOUSING IN BV: 3,900 SF, INCLUDING 2,200 SF IN
2 UNITS AT VICEROY PLUS 4,400 SF ADDITIONAL w/i 5 EDU IN ANNEX.
 SALE PRICE: COMPARABLE TO DALY T.H.
 LEASE RATE: COMPARABLE TO MOUNTAIN VIEW PHASE II

BRIEF OVERVIEW ALONG THE TOUR ROUTE
 ASPEN SCHOOL DISTRICT EMPLOYEE HOUSING
 FAIRWAY III T.H. – PITKIN COUNTY PROJECT
 SINCLAIR MEADOWS – B.V. MIGITATION (32K SF)
21 Restricted T.H. Style Units
3 with 2-car garages; others with 27 carport spaces ea. w/ 30 SF storage closets;
20 surface parking spaces
SUMMARY OF
CLUB COMMONS II EMPLOYEE HOUSING
 JOINT PROJECT WITH SWSD: Rezoned ‘MF’
 MITIGATION: 38K SF in 36 Units w/ 120 bedrooms & 102 parking spaces
 EMPLOYEE HOUSING RESTRICTIVE COVENANT REQUIRED
 USAGE: Open to all employees in the Town; May be filled by Town’s
Housing office pursuant to TOSV policies and procedures
 PERMANENT (Bldg. B12) AND SEASONAL HOUSING (Bldg A24):
SWSD has 1 st right of refusal on 3 Units (1 st in B12, then in A24);
SKICO has primary use rights for seasonal units

SUMMARY OF
RODEO PLACE HOUSING
 NOT MITIGATION HOUSING FOR DEVELOPMENT.
 A TOWN PROJECT ON TOWN-OWNED PROPERTY
 24-LOT SUBDIVISION – ZONED ‘MF’ TO ALLOW DUPLEXES; NO PUD.
 SF LOT SIZE RANGES: 5,000 TO 10,300 SF
 DUPLEX LOT SIZE RANGES: 8,200 TO 11,500 SF
 SETBACKS: 8’ ALONG STREET AND ALLEYS; 5’ SIDE YARDS
 MAXIMUM HEIGHT: 28 FEET.
 MAXIMUM F.A.R.: 0.75 F.A.R. IN ‘MF’ NOT APPLICABLE;
LIMITED TO 3,000 SF TOTAL;
MAX. 2,100 SF ABOVE GRADE;
MAX. 1,250 SF BELOW GRADE
 BUILDING DESIGN GUIDELINES: Western-heritage ranching theme w/ rustic durable materials
 FUNDING BY: F.A.E.T. PROGRAM (Explain has may be needed)