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HomeMy WebLinkAbout1983-23 Setting the Annual Maximum Income Qualificaiton for Purchases og the Pitkin Creek Park Condominiums75 s. Trr.~,a,;~ ro^.a V~lI. C.iiOt'c`ici0 `c3i.)J7 c~ficc of }o~vn cierl. t 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. s ,~ 1/ /.~ C~ /~~ Rodney E~Slifer, M o'r ATTEST: Colleen M. Kline, Town Clerk