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Ridgway committee adopts policy to account for $13,000 rooftop solar cost on Wetterhorn affordable homes
Summary
The Ridgway Workforce and Affordable Housing Committee unanimously approved Resolution 24-01 on May 8, 2024, adopting a policy addendum that incorporates a $13,000 preinstalled photovoltaic system into the resale and capital-improvement calculations for Wetterhorn Homes; the cost may be paid up-front or financed through the Colorado Clean Energy Fund.
On May 8, 2024, the Town Council acting as the Workforce and Affordable Housing Committee unanimously adopted Resolution 24-01, approving a policy addendum that sets how rooftop photovoltaic system costs will be treated for Wetterhorn affordable-sale homes in Ridgway.
Ross Valdez, with Impact Development Services and acting as the third-party administrator for Ridgway Wetterhorn Homes, presented a memorandum dated April 11, 2024, saying the preinstalled rooftop systems have a system cost of $13,000. He told the committee the cost is in addition to the original base sales price and may be paid by the buyer at purchase or financed through the Colorado Clean Energy Fund. Valdez said the development’s deed restrictions include maximum resale-price language and rules for capital improvements but do not provide an opt-out option for the solar installation; he recommended adopting a policy addendum to provide consistency for sellers on how the solar cost is handled.
Committee members asked follow-up questions seeking clarification about how the $13,000 figure is treated under the deed-restriction resale formula and how financing through the Colorado Clean Energy Fund would interact with resale rules. The transcript records that questions were raised but does not include their verbatim text or technical details about contractual mechanics.
Terry Schuyler moved to adopt Resolution 24-01, titled “Approving Adoption of a Policy Addendum Solar System Costs 2024-01 to Use in the Administration of Rural Homes: For Sale, for Locals Affordable Housing Regulations and Guidelines Ridgway Wetterhorn Homes.” The motion was seconded by Russ Meyer and the committee voted unanimously to approve the resolution.
The policy change formalizes treatment of a specific capital-improvement cost for homes sold under Ridgway’s affordable-housing deed restrictions. The committee did not record any amendments to the resolution in the transcript. The committee will receive compliance and implementation updates as staff administer the new addendum.
The meeting record does not include detailed language from the adopted addendum beyond the stated $13,000 system cost and the financing option through the Colorado Clean Energy Fund. The committee adjourned at 5:45 p.m.
