Burlingame bond vote delayed until next year | AspenTimes.com

Burlingame bond vote delayed until next year

ASPEN – The Aspen City Council on Tuesday agreed to delay asking voters to approve a multi-million dollar bond to pay for building the second phase of Burlingame Ranch affordable housing until 2010.

There are too many unknowns with the project, including the economic climate and whether the 84 homeowners already living there will approve of more density, city officials agreed.

Homeowners will be asked to vote sometime this month on how much density they desire at the development, located off Highway 82 across from Buttermilk, on the outskirts of town.

City officials have been in negotiations with the homeowners association board since January over the proposal to increase the unit count at Burlingame. The city’s latest offer is to build 258 units; it was originally envisioned for 236.

Once the homeowners vote, the city’s development team will finalize the design and drawings of the next phase. Conceptual and schematic design could be complete by the end of 2009, and will cost an estimated $1.5 million. The original estimate was $1,176,320, so another $323,680 will have to be appropriated.

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