TC Ord. No. 1989-15i) a
ORDINANCE NO. 89- 15
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AN ORDINANCE AMENDING ORDINANCE
NO. 89-12 RELATING TO CHAPTER 3.12
OF THE MUNICIPAL CODE OF THE TOWN
OF AVON AS IT PERTAINS TO EXEMPTIONS
FROM THE REAL PROPERTY TRANSFER TAX
BE IT ORDAINED BY the Town Council of the Town of Avon,
Colorado, as follows:
Section 1. Amendment. Subsection 0, section
3.12.060 of Chapter 3.12, Title 3, Municipal Code of the
Town of Avon, as amended by Ordinance No. 89-12, finally
adopted September 26, 1989, is further amended to read as
follows:
"0. The first $80,000 of the consideration for
any sale or conveyance of real property and
completed improvements for occupancy as a primary
residence provided the following conditions are
met:
"1. The same applicant has not previously
received an exemption pursuant to this subsection
0.
2. An application for exemption is filed
with the Town Manager prior to the sale, which
application is accompanied by i) an affidavit that
the real property is being purchased for use as a
primary residence and not for investment or resale
and ii) a promissory note in the amount of the tax
otherwise owing and providing that the tax and the
promissory note shall be due and payable in full
in the event of resale of the property within one
year after closing."
Section 2. Effective Date. This ordinance shall
become effective seven days after public notice following
final passage.
INTRODUCED, PASSED ON FIRST READING, APPROVED AND
j ORDERED POSTED, this 13th day of December 1989, and a
i public hearing on this Ordinance shall be held at the
regular meeting of the Town Council of the Town of Avon,
Colorado, on the 9th
day of January 1990 at 7:30
P.M. in the Municipal Building of the Town of Avon,
Colorado.
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/s/ Allan R. Nottingham
Allan R. Nottingham, Mayor
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ATTEST:
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/s/ Patricia J. Doyle
Patricia J. Doyle
Town Clerk
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INTRODUCED, PASSED ON SECOND READING, APPROVED AND ORDERED
POSTED this 23rd day of January 1990.
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Patricia
own Clerk
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Allan R. Notting m, Mayor
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05113089
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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
9TH DAY OF JANUARY, 1990, AT THE TOWN HALL FOR THE PURPOSE
OF CONSIDERING THE ADOPTION OF ORDINANCE NO. 89-15, SERIES
OF 1989:
AN ORDINANCE AMENDING ORDINANCE NO. 89-12 RELATING TO CHAPTER
3.12 OF THE MUNICIPAL CODE OF THE TOWN OF AVON AS IT PERTAINS
TO EXEMPTIONS FROM THE REAL PROPERTY TRANSFER TAX
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 this Ordinance.
This notice is given and published by order of the Town Council
of the Town of Avon, Colorado.
Dated this 13th day of December, 1989.
TOWN OF AVON, COLORADO
By. /s/ Patricia J. Doyle
Patricia J. Doyle, Town Cler
POSTED AT THE FOLLOWING PUBLIC PLACES WITHIN THE TOWN OF
AVON ON DECEMBER 14, 1989:
THE AVON POST OFFICE IN THE MAIN LOBBY
THE CITY MARKET IN THE MAIN LOBBY
THE COASTAL MART, INC.; and
THE AVON MUNICIPAL BUILDING IN THE MAIN LOBBY
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