TC Resolution 20-20 Approving an Increase in Real Estate Transfer Tax Exemption Application FeesA
Avon
C O L O R A 0 0
RESOLUTION 20-20
SERIES 2020
APPROVING AN INCREASE IN REAL ESTATE TRANSFER TAX
EXEMPTION APPLICATION FEES
WHEREAS, pursuant to Section 3.12 of the Avon Municipal Code (the "AMC"), the
Town of Avon, (the "Town") imposes a two percent (2%) Real Estate Transfer Tax (the
"RETT") on all transfers of real property within the Town; and
WHEREAS, pursuant to Section 3.12.060 of the AMC, the Town grants certain
exemptions from the RETT, including exemptions based on the use of the transferred property as
the property owner's primary residence (the "Primary Residence Exemptions"); and
WHEREAS, pursuant to the Primary Residence Exemptions, the Town files a lien on a
property owner's property when such property owner seeks a primary residence exemption from
the RETT and then releases the lien upon satisfaction of the applicable residency requirement in
the Primary Residence Exemptions; and
WHEREAS, the fees charged by the Eagle County Clerk and Recorder for filing and
releasing a lien have increased from $13.00 to $15.00; and
WHEREAS, the Town currently charges an application fee of $26.00, which amount now
does not cover the Town's actual cost of filing the relevant lien and releasing such lien; and
WHEREAS Section 3.12.070(g) of the AMC provides Council must "adopt a resolution
setting fees for the processing and reviewing of applications ... as is determined reasonably
necessary to recover the costs incurred by the Town"; and
WHEREAS, Town Council now desires to increase the application fee for Primary
Residence Exemptions from $26.00 to $30.00; and
WHEREAS, the Avon Town Council hereby finds, determines and declares that this
Resolution will promote the health, safety and general welfare of the Avon community.
NOW THEREFORE, BE IT RESOLVED, BY THE TOWN COUNCIL OF THE
TOWN OF AVON, COLORADO:
Res 20-20 Approving Increase in RETT Application Fees
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Section 1. The Town Council hereby approves the increase in the application fee for
Primary Residence Exemptions from $26.00 to $30.00.
Section 2. This Resolution shall take effect immediately upon its passage.
[SIGNATURE PAGE FOLLOWS]
Res 20-20 Approving Increase in RETT Application Fees
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ADOPTED this 25th day of August 2020.
AVON TgWN UNCIL
By: G/�L Attest:
Sarah Smith-Hymes, a or
Res 20-20 Approving Increase in RETT Application Fees
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Brenda Torres, Town Cl
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