HomeMy WebLinkAbout2025-27 A Resolution Approving the Town of Vail Transportation Impact Fee Schedule Pursuant to Title 12-26RESOLUTION NO. 27
Series of 2025
A RESOLUTION APPROVING THE TOWN OF VAIL TRANSPORTATION IMPACT
FEE SCHEDULE PURSUANT TO TITLE 12-26
WHEREAS, Title 12, Chapter 26 of the Vail Town Code requires the adoption of
a Transportation Impact Fee Schedule (the “Fee Schedule”);
WHEREAS, the Council finds and determines that the Vail Transportation Impact
Fee Study dated March 10, 2017, supports the Fee Schedule, adjusted for construction
inflation, attached hereto as Exhibit A,; and
WHEREAS, the Fee Schedule shall be updated from time to time to account for
construction cost, inflation and updated Town Master Plans.
NOW THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE
TOWN OF VAIL, COLORADO THAT:
Section 1. The Council hereby approves the Fee Schedule.
Section 2. This Resolution shall take effect on June 9, 2025.
INTRODUCED, PASSED AND ADOPTED at a regular meeting of the Town
Council of the Town of Vail held this 3
rd day of June 2025.
Travis Coggin, Town Mayor
ATTEST:
Stephanie Kauffman, Town Clerk
Resolution No. 27 Series 2025
Exhibit A
1/1/2017 6/9/2025 1/1/2026 1/1/2027
Residentail Dwellings (per Unit)
Dwelling, Two Family or Multiple Family (In the Core Area)5,066$ 6,738$ 8,410$ 10,132$
Dwelling, Two Family or Multiple Family (Outside the Core Area)6,333$ 8,422$ 10,512$ 12,665$
Dwelling, Single Family 8,233$ 10,950$ 13,667$ 16,466$
Employee Housing Unit $0 $0 $0 $0
Accommodation Unit (per Unit)
Accommodation Unit (In Core Area) 5,066$ 6,738$ 8,410$ 10,132$
Accommodation Unit (Outside Core Area) 6,333$ 8,422$ 10,512$ 12,665$
Commercial (per square foot of floor area)
Restaurant & Retail Establishments 11.82$ 15.71$ 19.61$ 23.63$
Facilities Health Care 8.44$ 11.23$ 14.01$ 16.88$
Office & Other Services 5.27$ 7.01$ 8.75$ 10.54$
*Fees shall inlcude phased increases through 2027; the fee assessed shall correspond to the effective date
Core Area is defined per Figure 1 in the Vail Transportation Impact Fee Study.
Per Unit is defined as any type of Dwelling Unit, Fractional Fee Unit, Accommodation Unit, Lodge Unit, or Timeshare Unit as listed below
Per Square Foot of Floor Area is defined as, per each net new gross square foot of enclosed floor area constructed, excluding
enclosed vehicular loading and delivery areas, and vehicular parking facilities.
The above Trasnportation Impact Fee schedule rates are equivalent to $19,040 per net new PM-Peak hour vehicular trip
The categories within the Transportation Impact Fee Schedule are further defined below, and within Title 12-2-2. Any uses or development type
not specifically defined below or within Title 12-2-2 shall be interpreted by the Administrator in accordance with the Vail Transportation Impact Fe
Dwelling, Two Family or Multiple Family includes; Restaurant and Retail includes;
Dwelling, Two Family Eating and drinking establishments
Dwelling, Multiple Family Retail stores and establishments
Fractional Fee Club Unit Theaters
Accommodation Unit includes; Office & Other Services includes;
Accommodation Unit Professional offices, business offices and studios
Accommodation Unit, Attached Banks and financial institutions
Lodge Dwelling Unit Personal services and repair shops
Lodge Unit, Limited Service Child Daycare Center
Timeshare Unit Health Clubs / Spa
Commercial Ski Storage/Ski Club
Religious Institutions
Vail Transportation Impact Fees
Effective Date*