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Housing authority waives purchase option at Miller's Inn; transfer fee exemption approved for Coyote Creek lot
Summary
The Grand County Housing Authority approved waiving its purchase option on Miller's Inn Unit 4 (deed‑restricted sale) and approved an exemption from a 0.5% transfer fee for a developer transfer in Coyote Creek under restrictive covenant section 2.1.
Sheena Darling of the Grand County Housing Authority presented two housing items: a request to waive the housing authority—s purchase option for Unit 4 (garage unit) at Miller's Inn because a qualified buyer has been approved, and an application for exemption from a 0.5% transfer fee for Lot 24 Unit 34 in Coyote Creek under restrictive covenant section 2.1 (developer transfer to first owner). Darling explained the authority—s long‑standing intent to keep these deed‑restricted units affordable and that the purchase option exists primarily to preserve affordability if a unit is foreclosed.
Commissioners moved and approved the waiver for Miller's Inn and the transfer‑fee exemption for the Coyote Creek lot, and the housing authority staff will prepare the resolution paperwork and related documents for signatures.
