The following definitions shall apply to the interpretation of this chapter.
BYLAWS. Shall refer to the bylaws of the unit owners’ association or corporation.
COMMUNITY APARTMENT. A development in which there is an undivided interest in the land coupled with the right of exclusive occupancy of an apartment located therein. COMMUNITY APARTMENTS shall be subject to the same restrictions and conditions set forth in this chapter for condominium units.
CONDOMINIUM CONVERSION. The development or use of the land and existing structures as a condominium project regardless of the present or prior use of such lands and structures, and regardless of whether substantial improvements have been made to such structures. It shall not be permitted to convert existing lodges or accommodation units to a condominium project.
CONDOMINIUM PROJECT. The entire parcel of real property, including all structures thereon, to be divided into two or more units for the purpose of constructing or converting existing structures to condominium units.
CONDOMINIUM UNIT. An individual air space unit together with the interest in the common elements appurtenant to such unit.
DECLARATION. An instrument recorded pursuant to the statutes of the state and which defines the character, duration, rights, obligations, and limitations of condominium ownership. The declaration shall include all restrictions, limitations and specifications which may be required by the Planning and Environmental Commission or Town Council, including provisions relative to timesharing estates, licenses or fractional fees; and the procedure for amendments of the declaration which requires approval of the town.
EMPLOYEE HOUSING UNIT. A dwelling unit occupied by at least one person who is an employee in Eagle County.
INDIVIDUAL AIR SPACE UNIT. Consists of any enclosed room or rooms occupying all or part of a floor or floors of a building of one or more floors to be used for residential, professional, commercial or industrial purposes, which has access to a public street.
MODERATE INCOME. Shall be as defined from time to time by the Council.
(Ord. 2(1983) § 1; Ord. 1(1995) § 2; Ord. 5(2000) §1; Ord. 29(2005) § 60)