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Council endorses Aspen Area Community Trust and authorizes limited startup support
Summary
Council approved Resolution 44 acknowledging the newly incorporated Aspen Area Community Trust (AACT), authorized an additional $35,000 from Community Development budgets for consultants and legal assistance toward 501(c)(3) formation, and approved staff representation on the nonprofit board.
Council heard from Anne Mullins and other founding board members about the Aspen Area Community Trust (AACT), an independent nonprofit intended to preserve and create affordable commercial space in Aspen. Staff outlined $85,000 already spent on feasibility and project work and requested authorization for an additional $35,000—within existing Community Development budgets—to finish consultant support and legal work for IRS 501(c)(3) application. The council agreed to let the community development director serve as the city’s voting representative on the AACT board and to acknowledge that the organization may request future funding; the resolution passed with one dissent (Councilor Guth).
Council members praised the board, emphasized momentum, and asked for a short list of illustrative tactics the group would explore. Several councilors asked for a future work session to review reporting and the relationship between the nonprofit and city policy or site‑specific proposals.
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