(a) Exemptions from Payment of Scheduled Impact Fees
Employee Housing
No employee housing impact fee shall be imposed on the construction of deed restricted employee housing as defined from time to time by the Board of County Commissioners or its housing designee, the Aspen/Pitkin County Housing Authority.
Replacement, Restoration or Remodel of Existing Units
No employee housing impact fee shall be charged for replacement or restoration for an improvement that was lost or damaged through fire, age or other event not precipitated by the owner of the property. This exemption shall extend only so far as replacement or restoration for the unit lost is being sought in its same location and at the same size and configuration. No employee housing impact fee shall be charged for remodel construction that does not increase the size of the residential structure. No exemption shall be recognized for expansion of an existing structure.
(b) Credits
Previous Payment and Exaction
(a) Any fee imposed by this Chapter shall be subject to offset and reduced to reflect all previous payments, exactions, dedications or other mitigation made in relation to the proposed use and development.
(b) The value of any payment, exactions, dedications or other mitigation made to Pitkin County shall be adjusted upward to reflect the present value not the value at the time of the original payment, exaction or dedication. This upward adjustment shall be based upon the annualized rate of inflation as 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.
(c) If the previous dedication, contribution or exaction was made as a part of a larger approval, i.e., subdivision or PUD review process, then the previous contribution, dedication or exaction shall be apportioned between all the properties of the approved development for which the previous contribution, dedication or exaction was made.
Change in Use
When the imposition of the employee housing impact fee is required due to a change in use, credit shall be recognized for any legally established use