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Pitkin County moves to buy two deed‑restricted units to add to employee/housing inventory
Summary
Commissioners advanced two housing acquisitions: first readings/approvals were set for purchases of a deed‑restricted single‑family unit in Glenwood Springs and an employee rental unit in Basalt; both purchases were presented as part of the county’s housing program.
Pitkin County commissioners on Sept. 10 approved actions to repurchase and acquire deed‑restricted housing units intended for employee housing inventory.
Housing program analyst Andrew Miller presented two items. The board set a second reading and public hearing for Oct. 16 on an ordinance to repurchase 113 Polo Road in Glenwood Springs, a deed‑restricted single‑family home originally purchased in May 2022. Miller said the original purchase price was $761,700, with the county contributing 37% ($284,000) and the employee 63%. He told the board the current purchase price being paid would be $530,252 and that the county’s total investment would be $814,252 to date. Closing is scheduled for Oct. 16 and appraisal and inspection are completed.
The board also approved the second reading of an ordinance to acquire Unit 124 at 1400 East Valley Road in Basalt for the county’s employee rental inventory; staff said the buyer had agreed to install a radon‑mitigation system and replace cracked window glazing per inspection items before closing.
Both housing items were approved on first reading and set for second reading and public hearings on the Sept. 25 meeting date where final ordinances will be considered.
