HomeMy WebLinkAboutR93-076 allocaiton of 100 employee housing credits to VA for Lake Creek Apartment ProjectCommissioner moved adoption
of the following solution:
BOARD OF COUNTY COMMISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
RESOLUTION NO. 93- /k
AUTHORIZING THE ALLOCATION OF ONE HUNDRED
PUD EMPLOYEE HOUSING CREDITS TO
VAIL ASSOCIATES FOR THEIR PARTICIPATION
AT THE LAKE CREEK APARTMENT PROJECT
WHEREAS, The Board of County Commissioners (hereinafter
referred to as the "BOCCI'), pursuant to the Eagle County Land Use
Regulations Section 2.06.13 (3)(e), has the authority of final
approval of any Planned Unit Development (hereinafter referred to
as "PUD") and to require the applicant to establish satisfactory
employee housing; and
WHEREAS, Vail Associates is an applicant for the purposes
of this resolution by their agreement in the participation of the
funding of the Lake Creek Apartment Project in Edwards, Colorado
(hereinafter referred to as "Lake Creek "); and
WHEREAS, each Lake Creek employee housing unit shall
equal one credit toward the Vail Associates PUD; and
WHEREAS, Vail Associates' participation in Lake Creek
shall earn 100 PUD employee housing credits towards Vail Associates
PUD at its current stage of development, and that these 100 PUD
credits cannot be transferred or sold; and
WHEREAS, it is understood and agreed upon- that Vail
Associates will not be credited any portion of the 100 PUD credits
until the funding for Lake Creek is complete; and
WHEREAS, it is agreed upon between the County and Vail
Associates that any PUD credits that exceed the current PUD
requirements for Vail Associates, if any, may be used for future
PUD requirements relating to Vail Associates PUD only; and
WHEREAS, it is agreed upon and understood by the BOCC and
Vail Associates that the above referenced PUD requirements are
current but may be subject to change in the future depending on
further development by Vail Associates.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF EAGLE COUNTY, COLORADO, AS FOLLOWS:
THAT, Vail Associates be awarded 100 PUD employee housing
credits towards the Vail Associates PUD conditioned upon the
completed funding of Lake Creek.
THAT, the Board finds, determines and declares that this
Resolution is necessary for the public health, safety and welfare
of the citizens of the County of Eagle, State of Colorado.
MOVED, READ AND ADOPTED by the Board of County
Commissioners of the County of Eagle, State f Colorado, at its
regular meeting held the day of , 1993.
COUNTY OF EAGLE, STATE OF
COLORADO, By and Through Its
"toth BOARD OF COUNTY COMMISSIONERS
. h4tt_
B orge . d f Ge Gates, Chairman
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Countvcioners
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Commissioner
foregoing reso'
follows:
Commissioner George A. Gates Q
Commissioner Johnnette Phillips
Commissioner James E. Johnson, Jr.
This Resolution passed by' a� —� vote of the Board of
County Commissioners of the County of Eagle, State of Colorado.
vail.pud
2
Johnnette Phillips, Commissioner