(a) The purpose of the employee housing impact fee is to require the applicable development to pay to mitigate the impacts of development and land use to the employee housing stock managed or controlled by Pitkin County or its housing designee, the Aspen/Pitkin County Housing Authority (APCHA). All provisions of this Chapter are self-executing and severable.
(b) The employee housing impact fee constitutes a law of general applicability of Pitkin County and as such shall be applicable to all property in unincorporated Pitkin County.
The impact fee shall be applicable to the following classifications of development and land use in the following manner:
(c) The employee housing impact fee shall be adjusted administratively once per year on the anniversary date of the adoption of the current fee schedule to reflect inflation. The measure of inflation shall be the annualized rate of inflation published in the Consumer Price Index (Denver/Boulder/Greeley CPI-W) as established by the United States Bureau of Labor Statistics. If this index should be discontinued, then reference will be to Denver/Boulder/Greeley CPI-U, and if this is not available, then to CPI-W All Cities.
(Code repealed and reenacted (all sections) by Ord. No. 14-D, 2006, 07-05-08; § 8-30-10 amended Ord. 27-07, 11-14-07)