HomeMy WebLinkAboutR93-078 allocaiton of 34 employee housing credits to Cordillera for Lake CreekS
Commissioner moved adoption
of the following ` esolution:
BOARD OF COUNTY COMMISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
RESOLUTION NO. 93-?d
AUTHORIZING THE ALLOCATION OF THIRTY FOUR
PUD EMPLOYEE HOUSING CREDITS TO
CORDILLERA 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, Cordillera 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 Cordillera PUD requirements for
employee housing; and
WHEREAS, Cordillera's participation in Lake Creek shall
earn 34 PUD employee housing credits towards the Cordillera PUD in
effect as of the date hereof, and that these 34 PUD credits cannot
be transferred or sold except pursuant to the transfer of the
Cordillera development; and
WHEREAS, it is understood and agreed upon that Cordillera
will not be credited any portion of the 34 PUD credits until the
funding for Lake Creek is complete; and
WHEREAS, it is agreed upon between the County and
Cordillera that any PUD credits that exceed the current PUD
requirements for Cordillera, if any, may be used for future PUD
requirements relating to Cordillera PUD only; and
WHEREAS, it is agreed upon and understood by the BOCC and
Cordillera that the above referenced PUD requirements are current
but may be subject to change in the future if Cordillera expands
its PUD or densities beyond that contemplated in the current PUD.
NOW, THEREFORE, BE IT RESOLVED BY -THE BOARD OF COUNTY
COMMISSIONERS OF EAGLE COUNTY, COLORADO, AS FOLLOWS:
THAT, Cordillera be awarded 34 PUD employee housing
credits towards the Cordillera 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 of Colorado, at its
regular meeting held the j, day of , 1993.
A ST:
A
Coun
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COUNTY OF EAGLE, STATE OF
COLORADO, By and Through Its
BOARD OF COUNTY COMMISSIONERS.
By:
George . Gates, Chairman
Commissioner seconded adoption of the
foregoing resoluti n. The roll having been called, the vote was as
follows:
Commissioner George A. Gates */f
Commissioner Johnnette Phillips { - l%
Commissioner James E. Johnson, Jr.
This Resolution passed by ��-'� vote of the Board of
County Commissioners of the County of Eagle, State of Colorado.
cord.pud
2
Johnnette Phillips, Commissioner