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County approves first reading to buy deed-restricted unit at 86 Hideaway Lane under right of first refusal
Summary
On July 9 Pitkin County commissioners approved first reading of an ordinance to exercise the county’s right of first refusal for a deed-restricted employee housing unit at 86 Hideaway Lane (No Name). Staff said the buy-back price calculation is in progress pending inspection objections and second-reading adjustments.
Pitkin County on July 9 approved on first reading an ordinance to exercise its first right of refusal to purchase a deed-restricted unit at 86 Hideaway Lane in No Name that was sold in March 2023.
Housing staffer Andrew Miller told the board the deed-restriction program typically splits resale proceeds 60/40 between…
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