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HomeMy WebLinkAboutLetter to G.Ruther 3.30.11BUS_RE\3898607.2 Wendy St. Charles Direct Dial Number: (970) 790-1612 E-mail: WStcharles@ShermanHoward.com March 31, 2011 VIA FACSIMILE, EMAIL AND FIRST CLASS MAIL Town of Vail Community Development Department Attn: George Ruther, AICP, Director 75 South Frontage Rd. Vail, CO 81657 Re:Proposal to Convey Rockfall Hazard Area Dear Mr. Ruther: As relayed in our meetings to date, our firm represents Briar Patch Association (the “Association”) with respect to discussions with the Town of Vail (the “Town”) and the Town’s interest in the hillside area above Lions Ridge Loop. We understand the Town has determined that a portion of the hillside contains potential rockfall hazards that require mitigation to preserve and protect the community below. The area of interest is a portion of the common parcel benefitting “The Residence at Briar Patch” subdivision (the “Subdivision”) and is owned by the Association. The Association and its members are pleased to work with the Town to enable the Town to move forward with mitigating the potential rockfall hazard by conveying approximately 3.291 acres (and potentially up to 3.611 acres) of the subject hillside to the Town on the following terms: The proposed purchase price for the area of interest identified as the “Town Parcel,” together with the crosshatched area on the draft “Fourth Amendment to The Residences at Briar Patch” attached hereto (the “Replat”) is $320,000 (approximately $88,618.00 per acre). The core area to be conveyed to the Town consists of 3.291 acres, and the crosshatched area adjacent to Buffehr Creek Road consists of an additional .320 acres. The conveyance will occur in conjunction with the Replat of the Subdivision to be undertaken by the Association and the Town. The Association and the Town will be joint applicants in the application to replat the Subdivision. The Replat will create a separate legal parcel for the area to be conveyed to the Town and will create legal lots (as opposed to the existing Sherman & Howard L.L.C. ATTORNEYS & COUNSELORS AT LAW 1000 SOUTH FRONTAGE ROAD WEST, SUITE 200 VAIL, COLORADO 81657 TELEPHONE: (970) 476-7646FAX: (970) 476-7118 WWW.SHERMANHOWARD.COM Sherman & Howard L.L.C. George Ruther, AICP March 31, 2011 Page 2 BUS_RE\3898607.2 building envelopes) for the five single family residences in the Subdivision as proposed on the Replat. There will be no change in zoning (currently cluster zoning) and no development rights for additional structures in the Subdivision will be sought or granted. The conveyance to the Town will be evidenced by a general warranty deed. Title in the land conveyed will be insured under a standard ALTA form policy, in a form acceptable to the Town. The Town and Association will share equally in the cost of the Replat. The existing right-of-way along the southerly side of Buffehr Creek Road will be vacated. The land conveyed to the Town will remain open space in perpetuity with covenants in place restricting development of any nature in the future. No public access will be allowed given the hazardous nature of the area and no improvements of any nature will be allowed to be constructed in the future, such that the only activity to occur on the land conveyed to the Town shall be rockfall hazard mitigation work. No vertical improvements will be installed, including with respect to the rockfall hazard mitigation, to preserve and protect views and the current appeal of the Subdivision. The Association will proceed immediately with preparing the application for the Replat of the Subdivision. Closing shall occur on the later of (i) 30 days from the date of the Town’s final approval of the terms of the conveyance, and (ii) final approval and recording of the Replat. The declaration recorded against the Subdivision will be amended to confirm approval of the conveyance to the Town by the members of the Association and the Association’s authority to act on behalf of the owners to consummate the conveyance of the area of interest to the Town. The Town and Association agree to share equally in the costs incurred in the conveyance and Replat process and the Town agrees to pay one half of the legal fees incurred by the Association not to exceed Seven Thousand Dollars ($7,000.00) as to the Town’s share. Sherman & Howard L.L.C. George Ruther, AICP March 31, 2011 Page 3 BUS_RE\3898607.2 Provided the Town approves the terms for the conveyance as outlined above the Association’s counsel will prepare, a definitive agreement with such additional terms as may be appropriate to facilitate and effect the conveyance to the Town in conjunction with the Replat. We look forward to working with the Town to finalize terms for the conveyance as expeditiously as possible. Sincerely, Wendy St. Charles WSTC:nlf Encl. Replat Map cc: Thomas Bogard, Briar Patch Association