TC Res. No. 1992-10RESOLUTION NO. 92-10
SERIES OF 1992
A RESOLUTION OPPOSING THE ENACTMENT OF SENATE BILL 101
IN THE COLORADO GENERAL ASSEMBLY
WHEREAS, the Town of Avon recognizes that second home
condominiums-rental units are-vital to the economy and-the
viability of Colorado's resort communities; and
WHEREAS; continued condominium development- is important to
Colorado's economy; and
WHEREAS, Colorado's year-round tourism industry is dependent
on"an available bed base; and
WHEREAS, any change in the tax classification of'second home
condominium units will affect not only their sale and hence the
resort real estate market; but also their.availability as -rental
units and
WHEREAS, a reduction in-the-condominium.real estate market and
rental opportunities would negatively impact sales tax revenues-;
and
WHEREAS, for both local and state government,, current Colorado
law with regard to condominium classification is.in keeping with
condominium law'in other states and has served to stimulate
condominium and resort development.
NOW, THEREFORE, be it resolved, by the Town of Avon:
1. The Town of Avon is opposed to any attempt to reclassify.-
second home condominiums as commercial property.
2. 'This resolution shall take effect immediately upon its
passage.
INTRODUCED, READ, APPROVED, AND ADOPTED this 11th day of February,
1992.
6 w.,, (i D_ C__~~
Jer y Da is, Mayor..
ATTEST:
Patty Neyh rt, T wn Clerk