HomeMy WebLinkAbout2025-23 A Resolution Approving Fee Updates to the Payment of Fees In Lieu for Each Employee to be HousedRESOLUTION NO. 23
Series of 2025
A RESOLUTION APPROVING FEE UPDATES TO THE PAYMENT OF FEES IN LIEU FOR
EACH EMPLOYEE TO BE HOUSED, AS REQUIRED BY CHAPTER 12-23, COMMERCIAL
LINKAGE, AND FOR EACH SQUARE FOOT, AS REQUIRED BY CHAPTER 12-24,
INCLUSIONARY ZONING, VAIL TOWN CODE
WHEREAS, pursuant to Sections 12- 23-6 and 12- 24- 6, Methods of Mitigation,
payment of fees in lieu is one of five methods by which the mitigation of employee
housing required may be accomplished;
WHEREAS, in accordance with Sections 12- 23-6 and 12- 24-6, the fees in lieu for
each employee to be housed and for each square foot of employee housing required
shall be established annually by resolution of the Vail Town Council;
WHEREAS, Vail Town Council approved Resolution No. 22, Series of 2016 authorizing
the establishment of fees in lieu; and
WHEREAS, Resolution No. 22, Series of 2016 requires the fees in lieu to be calculated
each year to establish the new annual fees in lieu.
NOW THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE
TOWN OF VAIL, COLORADO THAT:
Section 1. The Town Council hereby approves the 2025 Fees in lieu per
Exhibit A.
a. Fee in lieu per employee (commercial linkage) = $ 373,550.00
b. Fee in lieu per square foot (inclusionary zoning) = $ 675.76
Section 2. This Resolution shall take effect immediately upon its passage.
INTRODUCED, PASSED, and ADOPTED at a regular meeting of the Town
Council of the Town of Vail held this 20th day of May, 2025.
_________________________
Travis Coggin, Mayor
ATTEST:
________________________________
Stephanie Johnson, Acting Town Clerk
EXHIBIT A