On Tuesday, April 26, 2022, the Aspen City Council (the “Council”) voted to extend its residential moratorium on (i) any new land-use applications for development approval and (ii) certain building permits for residential uses. The original Ordinance #27 was enacted on December 8, 2021 and was originally set to expire on June 8, 2022, but instead will now continue until Aug. 8, 2022 (pending final approval during a special meeting scheduled for May 3, 2022). As was reported in our February 2022 Otten Johnson Alert, the Council originally cited increasing real estate prices and environmental concerns among their motivations for the moratorium.

 

Tags: "land use", Aspen, moratorium, Ordinance #27
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Mike Davidson counsels clients throughout Colorado and across the country regarding corporate structuring, capital raising, and real estate acquisition and disposition matters. In particular, Mike helps clients with determining organizational structures, assisting with private placement and borrower side debt financing transactions, and drafting…

Mike Davidson counsels clients throughout Colorado and across the country regarding corporate structuring, capital raising, and real estate acquisition and disposition matters. In particular, Mike helps clients with determining organizational structures, assisting with private placement and borrower side debt financing transactions, and drafting and negotiating joint venture, partnership, and purchase and sale agreements.

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