Dillon lends hand with Silverthorne housing project | SummitDaily.com

Dillon lends hand with Silverthorne housing project

SILVERTHORNE ” The towns of Dillon and Silverthorne haven’t always seen eye-to-eye, but a recent agreement between the municipalities will help create more affordable housing in the area.

Developers are set to break ground in May on an eight-unit affordable-housing complex in the Ptarmigan Trail Estates subdivision bordering Silverthorne and Dillon.

Silverthorne recently approved final plans for the development, and Dillon will provide taps, water and sewer services at an in-town rate for the complex under an agreement between the two towns .

“I think it’s great to have the two towns and the developer cooperating to do an affordable housing development,” said Mark Leidal, Silverthorne’s community development director. “It’s a great opportunity for the community.”

The Ptarmigan lot originally was purchased from Dillon for a public-use trail connection from Silverthorne to the rest of Summit County’s trail system. It also was decided that it would be a good site for affordable housing.

The eight-unit development is one of the community benefits required under an annexation agreement being forged by the Town of Silverthorne with the South Maryland Creek Ranch residential development.

The developer will attend the April 21 Dillon council meeting to request reimbursement on tap fees, said Devin Granbery, Dillon’s town manager. The amount should be right around $100,000.

If council approves reimbursement, Dillon will use its “5A” funds, which are designated for affordable-housing projects.

“That would make the land more affordable,” Granbery said.

The town must use 5A funds before 2010 or return it to the Summit Combined Housing Authority.

Granbery anticipates the units to be for sale by the end of the year if the project moves forward as planned. They will be available exclusively for purchase, not for rent.

Under the annexation agreement, three units will initially be set aside for the developer’s employees, with the other five being available on a first-come, first-served basis for qualified buyers.

The Summit Combined Housing Authority will manage all of the deed-restricted units. Units will be available to anyone who qualifies within the county, with no favoritism toward town employees.

Caitlin Row can be reached at (970) 668-4633 or at crow@summitdaily.com.

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