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Home My WebLink AboutEH requirementATTACHMENT C Inclusionary Zoning Requirement Section 12-24, Vail Town Code Colondo Company Addition Legal Description: Lot O, Block 5D, Vail Village Filing 1 PEC 08-0049 I. Net New GRFA for Colondo Company Residence A. Residential Increase = Inclusionary Zoning Increase in GRFA = 1483 sq ft increase Inclusionary Zoning requirement = 10 percent of net new residential sq ft 1483 sq ft x 10 % = 148.3 sq ft required deed restricted employee housing Possible Method of Mitigation for Inclusionary Zoning Fee-in-Lieu Provide a fee-in-lieu payment to the Town of Vail of 148.3 sq ft x $301.65 / sq ft = $44,734.70 II. Payment of the Fee-in-Lieu A. Payment of the fee-in-lieu of $44,734.70 must be paid prior to the issuance of a building permit for the project