TC Ord. No. 1986-04• •
TOWN OF AVON
ORDINANCE NO. 86-4
AN ORDINANCE AMENDING THE MUNICIPAL
CODE OF THE TOWN OF AVON AS IT
PERTAINS TO FRACTIONALIZATION TO
PROVIDE FOR FRACTIONALIZATION OF
DEVELOPMENT RIGHTS RELATING TO
EXISTING BUILDINGS.
BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF
AVON, COLORADO, as follows:
Section 1. Amendment. Paragraph A of Section
17.22.020 of Chapter 17.22, Title 17, Municipal Code of the
Town of Avon is amended to read as follows:
"A. This Chapter provides for a fractionalization formula
which establishes the terms, conditions, and
limitations, whereby a residential development right
may be fractionalized:
1. Hotel-lodge development rights may not be
fractionalized.
2. Development rights may be fractionalized
only on lots zoned (either through
conventional zoning or SPA designation) for
triplex or larger multi-family use.
3. Development rights assigned to a lot on
which exists a building for which a
permanent or temporary certificate of
occupancy has been issued may not be
fractionalized except in accordance with
Section 17.11.030 hereof.
4. This Section shall apply only to those
residential development rights declared by
the applicant for fractionalization."
Section 2. Amendment. Chapter 17.22, Title
17, Municipal Code of the Town of Avon, is amended by the
addition of a new Section as follows:
1117.22.030 Existing Buildings. Development
rights assigned to a lot on which exists a
building for which a permanent or temporary
certificate of occupancy has been issued may be
fractionalized in accordance with Section
17.22.020 hereof as a special review use upon a
determination by the Town Council that the
following additional conditions will be
satisfied:
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A. No excess development rights remain after
completion of construction or partial
reconstruction of the building.
B. Any impact upon the Town and the services
provided by the Town are mitigated to the
satisfaction of the Town Council.
C. The permanent or temporary certificate of
occupancy issued for the building is
surrendered in exchange for a new building
permit and all fees in connection therewith
as well as all fees in connection with new
certificates of occupancy, including the
capital improvement fee, are paid.
INTRODUCED, PASSED ON FIRST READING, APPROVED AND
ORDERED POSTED, this 11th day of February , 1986, and a
public hearing on this ordinance shall be held at the
regular meeting of theTown Council of theTown of Avon,
Colorado, on the 25th day of February , 1986 at 7:30 P.M.
in the Municipal Building of the Town of Avon, Colorado.
Allan R. ottingha Mayor
INTRODUCED, PASSED ON SECOND READING, APPROVED AND ORDERED
POSTED this 25th day of February-, 1986.
Allan R. Nottingha , Mayor
/7
atricia J.
own Clerk
STATE OF COLORADO )
COUNTY OF EAGLE ) SS
TOWN OF AVON )
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NOTICE IS HEREBY GIVEN OF A PUBLIC HEARING BEFORE THE TOWN
COUNCIL OF THE TOWN OF AVON, COLORADO, AT 7:30 P.M. ON THE
25TH DAY OF FEBRUARY, 1986, AT THE MUNICIPAL BUILDING, 400
BENCHMARK ROAD, AVON, COLORADO, FOR THE PURPOSE OF CONSIDERING
THE ADOPTION OF ORDINANCE NO. 86-4, SERIES OF 1986:
AN ORDINANCE AMENDING THE MUNICIPAL CODE OF THE TOWN OF AVON
AS IT PERTAINS TO FRACTIONALIZATION TO PROVIDE FOR FRACTIONALIZATION
OF DEVELOPMENT RIGHTS RELATING TO EXISTING BUILDINGS
A copy of said Ordinance is attached hereto-and is also on file
at the office of the Town Clerk and may be inspected during
regular business hours.
Following this hearing, the Council may consider final passage
of the Ordinance.
This notice given and passed by order of the Town Council of
the Town of Avon, Colorado.
Dated this 11th day of February , 1986.
TOWN OF AVON, COLORADO
BY:
cia J. Doyye, Town C
POSTED AT THE FOLLOWING PUBLIC PLACES WITHIN THE TOWN OF AVON
ON FEBRUARY 12, 1986:
THE MAIN ENTRANCE OF THE POST OFFICE
THE MAIN ENTRANCE TO CITY MARKET
THE PESTER GAS STATION; AND
THE MUNICIPAL BUILDING IN THE MAIN LOBBY