HomeMy WebLinkAbout1983-23 Setting the Annual Maximum Income Qualificaiton for Purchases og the Pitkin Creek Park Condominiums75 s. Trr.~,a,;~ ro^.a
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RESOLUTION #23
Series of 1952}
A RESOLUTION SETTING THE ANNUAL MAXIM~TM
INC'CME QUALIFICATION I'[}R PURCHASERS OF
TiiE PITKIN CREEK PARK CONDOMINIUMS.
WHEP.EAS, Pu.ragraph 22 of the Condominium Declaration for the
Pitkin Creek Park Condominiums provides that a maximum income
qualification can be established annually by resolution of the
Town Council; and
WHEREAS, the Town Council now wishes to set such maximum income
qualification;
NOW, THEREFORE, BE TT RESOLVED BY THE TOWN COUNCIL OF THE TOWN
OF VAIL:
That the maximum income qualification shall not exceed X40,550
and that at least one-half the total number of mortgage loans will have
been made to persons and families whose Max~.mum Household Income does
not exceed $31,700, adjusted annually on May 31 by the Consumer Price
Index Adjustment, and shall remain at such levels until again adjusted
by the Town Council of the Town of Vail. by resolution.
INTRODUCED, READ, APPROVED AND ADOPTED THIS 16th day of November,
1982.
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1/ /.~ C~ /~~
Rodney E~Slifer, M o'r
ATTEST:
Colleen M. Kline, Town Clerk