HomeMy WebLinkAbout2025-04-17 Town Council Special Meeting MinutesTown Council Meeting Minutes of April 17, 2025. Page 1
Vail Town Council Meeting Minutes
T , April 17, 2025
4:00 P.M.
Vail Town Council Chambers
The meeting of the Vail Town Council was called to order at approximately 4:00 P.M. by Mayor
Travis Coggin.
Members present: Travis Coggin, Mayor
Pete Seibert
Dave Chapin
Reid Phillips
Samantha Biszantz
Members virtual: Barry Davis, Mayor Pro Tem
Jonathan Staufer
Staff members present: Russell Forrest, Town Manager
Kathleen Halloran, Deputy Town Manager
Matt Mire, Town Attorney
Steph Johnson, Acting Town Clerk
1. Call to Order
2. Action Items
Discussion for Resolution No. 19, Resolution No. 20, and Ordinance No. 8 began at time stamp
0:00:31 on the High Five video. Items 2.1, 2.2, and 2.3 were presented concurrently.
2.1 Resolution No. 19, Series of 2025 A Resolution Approving a Development
Management Agreement for the Development of the West Middle Creek Village
Apartments between the Town of Vail, Vail Home Partners Corporation, and Corum Real
Estate Group Inc.
Presenter(s): Carlie Smith, Finance Director and Jason Dietz, Housing Director
Approve, approve with amendments, or deny Resolution No. 19, 2025.
Background: There continues to be ongoing discussions and negotiations on the development
agreement ant AIA general contractors' agreement as all parties attempt to navigate an
unpredictable and volatile environment of cost escalations and trade policy.
Chapin made a motion to approve; Seibert seconded; motion passed (7-0).
2.2 Resolution No. 20, Series of 2025, A Resolution Approving the Deed Restriction for
West Middle Creek
Presenter(s): Carlie Smith, Finance Director and Jason Dietz, Housing Director
Town Council Meeting Minutes of April 17, 2025. Page 2
Approve, approve with amendments, or deny Resolution No. 20, Series of 2025.
Background: Please see attached memo.
Chapin made a motion to approve; Seibert seconded; motion passed (7-0).
2.3 Ordinance No. 8, Series of 2025, An Ordinance Concerning the West Middle Creek
Housing Development and In Connection Therewith Authorizing the Leasing of Certain
Town Property, the Advance of a Loan to the Vail Home Partners Corporation, and the
Execution and Delivery of a Site Lease, Lease Purchase Agreement and Other
Documents; and Declaring an Emergency
Presenter(s): Carlie Smith, Finance Director and Jason Dietz, Housing Director
Approve, approve with amendments, or deny Emergency Ordinance No. 10, Series of 2025.
Background: Due to volatile market conditions and interest rate movement, the current financial
pricing is fluctuating between being in excess or very close to the parameters set by the Town in
Ordinance No.5, impacting the ability to move forward with the West Middle Creek project.
Davis made a motion to approve with a maximum COP amount of 85 million; Seibert seconded;
motion passed (6-1, Staufer opposed).
There being no further business to come before the council, Seibert made a motion to
adjourn the meeting; Davis seconded; meeting adjourned at 5:16pm.
Respectfully Submitted,
__________________________________
Travis Coggin, Mayor
Attest:
______________________________
Stephanie Johnson, Acting Town Clerk