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HomeMy WebLinkAboutNo Net Loss of Parking on the North Day Lot Letter 040411rowN of f/If a r 75 South Frontage Road West Vail, Colorado 81657 vailgov.com April 4, 2011 Community Development Department 970.479.2138 970.479.2452 fax Re: The Vail Corporation Tracking of Parking Replacement per No Net Loss policy Dear Dominic: This letter is intended to affirm and document the Lionshead Redevelopment Master Plan (the "LRMP ") requirement ensuring no net loss of parking spaces available in Lionshead at the time the LRMP was adopted (the "Parking Policy ") and confirm that The Vail Corporation has fulfilled its obligations as documented in the agreement letter dated April 14, 2010. In the case of The Vail Corporation and its affiliates ( "Vail Corp ") the Parking Policy affects the redevelopment of the properties formerly known as the North Day Lot ( "NDU) and the West Day Lot ( "WDL ") now developed or being developed as First Chair and The Ritz - Carlton Residences, respectively. When the Parking Policy was adopted, 394 parking spaces existed within the Lionshead properties then held by Vail Corp. Therefore, pursuant to the Parking Policy, Vail Corp. is obligated to maintain 394 parking spaces to ensure no net loss of parking. The table below shows the history of the 394 parking spaces on the Lionshead properties held by Vail Corp. As indicated, Vail Corp. has maintained the 394 parking spaces by providing parking spaces on the Holy Cross Lot, North Day Lot, and the site of the former BP gas station (the "old BP site "), respectively. A total of 415 parking spaces have been provided by Vail Corp. This results in a surplus of 21 parking spaces. The 21 surplus parking spaces, or any other surplus Lionshead parking furnished by Vail Corp. in excess of 394 spaces, are not subject to the Parking Policy or any future replacement obligations unless otherwise allocated pursuant to Chapter 10 of the Town's Zoning Regulations. Please note, the accounting in the table below recognizes 8 Arrabelle parking spaces previously approved by the Town of Vail to be counted towards the Parking Policy which are no longer required for that purpose. This change was precipitated by the replacement of the 29 parking spaces being developed at the NDL to replace the skier drop -off. Pre -No Net Loss Parking Policy Parking Spaces Notes West Day Lot 160 Holy Cross Lot 129 79 existing Holy Cross 50 Mountain Operations North Day Lot 105 Total 394 TOWN Of 75 South Frontage Road West Vail, Colorado 81657 vailgov.com Community Development Department 970.479.2138 970.479.2452 fax This letter confirms that Vail Corp. has fulfilled the Parking Policy obligation for 105 Employee Parking spaces associated with the NDL as contained in the letter agreement between Vail Corp. and the Town of Vail dated April 14, 2010, which will be supplemented and modified by this letter and documents the presence of 21 surplus parking spaces as of the date of this letter. Sincerely, George Ruther, AICP Director Community Development Department Town of Vail Parking Existing Conditions as of April 4, 2011 Spaces Notes West Day Lot 0 160 WDL replacement Holy Cross Lot 295 6 NDL replacement 79 existing Holy Cross 50 Mountain Operations North Day Lot 61 32 original approved replacement 29 added at removed Skier Drop Off 38 NDL replacement Old BP Site 59 21 additional spaces located onsite Total 1 415 1 21 surplus spaces total as of 4/11 This letter confirms that Vail Corp. has fulfilled the Parking Policy obligation for 105 Employee Parking spaces associated with the NDL as contained in the letter agreement between Vail Corp. and the Town of Vail dated April 14, 2010, which will be supplemented and modified by this letter and documents the presence of 21 surplus parking spaces as of the date of this letter. Sincerely, George Ruther, AICP Director Community Development Department Town of Vail