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Chaps at Vail Cascade Expansion
Net New Commercial Sq Ft for 1,405
Commercial Increase = Commercial Linkage
Increase in commercial sq ft
= 1,405 sq ft increase
Commercial
Linkage requirement = 20% of net new employees generated
1,405 sq ft / 1,000 x 6.75 employees (eating & drinking establishment) x 20% mitigation = 1.90 (1.89675) employees to be provided
deed restricted employee housing
Mitigation for Commercial Linkage
Fee-in-Lieu
Provide a fee-in-lieu payment to the Town of Vail of
1.90 employees x $131,385 = $249,631.50
The
fee-in-lieu payment must be received prior to or at the time of building permit issuance.
TABLE 23-1: EMPLOYEE GENERATION RATES BY TYPE OF COMMERCIAL USE
Type Of Use Employee
Generation Rate
Eating and drinking establishment 6.75 employees per 1,000 feet of new net floor area