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HomeMy WebLinkAboutResolution No. 5, Series of 2015, Entitlement Extensions TC Memo 021715TO: Vail Town Council FROM: Community Development Department DATE: February 17, 2015 SUBJECT: Resolution No. 5, Series of 2015, a resolution allowing for an administrative extension to the lapse of approval for the Cornerstone Residences Approved Development Plan approval, and setting forth details in regard thereto. Applicant: L-O Westhaven, Inc, represented by Rick Pylman Planner: George Ruther DESCRIPTION OF REQUEST The purpose of this agenda item is to present a resolution for consideration to extend the approval for the Cornerstone Residences Approved Development Plan which is set to expire June 1, 2015. The applicant is requesting to extend the development plan approval for one-year to June 1, 2016. Unlike the two previous resolutions this resolution proposes to extend the approvals of the Cornerstone Residences solely. Staff has drafted a resolution which extends the development plan approval for the Cornerstone Residences to June 1, 2016. The Cornerstone Residences project will meet currently adopted inclusionary and commercial linkage requirements and be subject to the construction use tax. II. TOWN COUNCIL ACTION The Vail Town Council shall approve, approve with modifications, or deny Resolution No. 5, Series of 2015. 1. Does the Vail Town Council wish to grant an additional one-year administrative extension to the approved development plan approval to June 1, 2016? 2. If so, does the Vail Town Council approve of the resolution as drafted? III. BACKGROUND In the Fall of 2009 representatives of four projects with approved development plans approached the Town requesting an action by which their approved development plan approvals expirations could be extended. Cascade Residences (SDD amendment) Cornerstone Residences (SDD amendment) Strata (approved development plan) Timberline Roost Lodge (approved development plan) These four projects were reviewed and approved by the Town of Vail prior to the effective date of the ordinances adopting the Construction and Building Materials Use Tax, the Zoning Regulations requiring that at least 50% of the employee housing obligation of the project be provided on site, and the 2009 International Building Codes (IBC). On February 16, 2010, the Vail Town Council adopted Resolution No. 6, Series of 2010 allowing for the administrative extension of the approval of development plans. On March 6, 2012, the Vail Town Council adopted Resolution No. 13, Series of 2012 allowing for the administrative extension of the approval of development plans. The Lion (formerly Strata) has an issued building permit and is under construction. The Marriott Residence Inn (formerly Timberlilne Roost Lodge) has an issued demo permit and its building permit is in plan review. The Cornerstone Residences are a part of Special Development District No. 4, Cascade Village. The development plan was adopted through the SDD amendment process which included, PEC, DRB, and Town Council adoption of an ordinance. When the ordinance was adopted Cornerstone Residences was in compliance with the current EHU mitigation requirements. IV. RECOMMENDATION The Community Development Department recommends that the Vail Town Council approves Resolution No. 5, Series of 2015. This recommendation is based upon the following: The project shall be assessed the Construction and Building Material Use Tax. The project shall provide employee mitigation in compliance with the currently adopted inclusionary and commercial linkage requirements. There have been no substantial changes to the Town Zoning Code requirements governing development on the site. Should the Vail Town Council choose to approve Resolution No. 5, Series of 2015, staff recommends the following finding be made: “The Vail Town Council finds that this Resolution furthers the development objectives of the Town and is in the best interest of the Town as it promotes the coordinated and harmonious development of the Town of Vail.” V. ATTACHMENTS A. Resolution No.5, Series of 2015