HomeMy WebLinkAbout2025-20 An Ordinance Amending Section 12-13-5 of the Vail Town Code regarding the Employee Housing Unit Exchange Program10/30/2025
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ORDINANCE NO. 20
SERIES 2025
AN ORDINANCE AMENDING SECTION 12-13-5 OF THE VAIL TOWN
CODE REGARDING THE EMPLOYEE HOUSING UNIT EXCHANGE
PROGRAM
WHEREAS, the Town desires to allow for flexibility in the exchange of current
employee housing units to incentivize the immediate acquisition of better-utilized
employee housing units in the Town.
NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE
TOWN OF VAIL, COLORADO, THAT:
Section 1. Section 12-13-5(D)(5) of the Vail Town Code is hereby repealed in
its entirety and reenacted as follows:
§ 12-13-5 EMPLOYEE HOUSING UNIT DEED RESTRICTION
EXCHANGE PROGRAM.
* * *
(5) Fee in lieu.
(a) The Town Council may accept a fee in lieu for an exchange
EHU upon a finding that the exchange EHU achieves Town's employee
housing goals and objectives.
(b) The fee in lieu amount shall be based on a market evaluation
prepared by the applicant that analyzes the value of the exchange EHU and
the costs to acquire additional EHUs that help fulfill the Town's employee
housing goals.
(c) All fees in lieu shall be due and payable seven (7) days prior
to the execution of the release of a deed restriction as approved by Town
Council, and the proceeds of all fees in lieu shall be used by the Town for
employee housing.
Section 2. If any part, section, subsection, sentence, clause or phrase of this
ordinance is for any reason held to be invalid, such decision shall not effect the validity of
the remaining portions of this ordinance; and the Town Council hereby declares it would
have passed this ordinance, and each part, section, subsection, sentence, clause or
phrase thereof, regardless of the fact that any one or more parts, sections, subsections,
sentences, clauses or phrases be declared invalid.
Section 3. The Town Council hereby finds, determines and declares that this
ordinance is necessary and proper for the health, safety and welfare of the Town and the
inhabitants thereof.
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Section 4. The amendment of any provision of the Vail Town Code as provided
in this ordinance shall not affect any right which has accrued, any duty imposed, any
violation that occurred prior to the effective date hereof, any prosecution commenced, nor
any other action or proceeding as commenced under or by virtue of the provision
amended. The amendment of any provision hereby shall not revive any provision or any
ordinance previously repealed or superseded unless expressly stated herein.
Section 5. All bylaws, orders, resolutions and ordinances, or parts thereof,
inconsistent herewith are repealed to the extent only of such inconsistency. This repealer
shall not be construed to revise any bylaw, order, resolution or ordinance, or part thereof,
theretofore repealed.
INTRODUCED, READ ON FIRST READING, APPROVED, AND ORDERED
PUBLISHED ONCE IN FULL ON FIRST READING this 7th day of October, 2025 and a
public hearing for second reading of this Ordinance set for the 21
st day of October, 2025,
in the Council Chambers of the Vail Municipal Building, Vail, Colorado.
_____________________________
Travis Coggin, Mayor
ATTEST:
____________________________
Stephanie Kauffman, Town Clerk
READ AND APPROVED ON SECOND READING AND ORDERED PUBLISHED
this 21st day of October, 2025.
_____________________________
Travis Coggin, Mayor
ATTEST:
____________________________
Stephanie Kauffman, Town Clerk