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HomeMy WebLinkAbout1978-33 Amending Chapter 18.48 Relating to Special Development District 5 of Title 18 "Zoning"; Providing for the Ownership of Units in Development Area B an Interval Ownership Fee Interests and Increasing the Number of Employee Housing Units. ~ ~, ~- r • . ,~ ~ ~ ~ '4 _ r ORDINANCE NO . ~ =~ SERIES 1978 AN ORDINANCE Al1~IENDING CHAPTER 18,48 RELATING - TO SPECIAL DEVELOPMENT DISTRICT 5 OF TITIaE 18 "ZONING"; PROVIDING FOR THE OWNERSHIP OF UNITS IN DEVELOPItIENT AREA B AS INTERVAL OWNERSHIP FEE INTERESTS AND INCREASING THE NUMBER OF EA~IPLOYEE HOUSING UNITS; SETTING FORTH DETAILS IN RELATION TO THE FOREGOING; AND PROVIDING A SEVERABILITY AND SAVINGS CLAUSE FOR THIS ORDINANCE. WHEREAS, the Town Council has previously approved a Special Development District 5; and WHEREAS, the Environmental Impact Report of Special Development District 5 referred to Development Area B as an extension of the Vail Run Interval Ownership project; WHEREAS, the need for emplayee housing units in the Town of Vaal is substantial; NOtiV, THEREFORE, BE IT ORDAINED BY THE TOtiVN COUNCIL OF THE TOLVN OF VAI L , COLORADO , THAT Section 1. Subsection 18.~k8.050 (b} (1} is repealed and reenacted to read as follaws: 15.48.050 FERMITTED USES. (B) In Development Area B the following uses shall be permitted: (1) Multiple family residential dwellings which may be condaminiumized for sale as interval ownership fee intersts and the emplayee housing units required by Sectian 15.48.110 which shall be rental units. Section 2. Subsection 18.48.080 (E} is revised as to Development Area B and totals to read as follows: 18.48.080 DEVELOPMENT STANDARDS (E) Density Control - The floor area of all buildings and number of dwelling units shall not exceed the following provisions: Development Area B Totals SDDS Maximum gross residential door area (sq. ft.) Interval Ownership Units 129,000 202,000 Employee Dwelling Units (sq. ft.) la,oaa Maximum number of dwelling units (Total) 139 213 .. ~~ ~ ~ { - Ord. No. Page 2 ~ ~ Section 3, Section 18.48.110 is repealed and reenacted +. to read as follows: 18.48.110 SPECIAL PROVISIONS A minimum of ten (10) employee dwelling units shall be provided to be leased to employees of Vail Run or to permanent residents employed in the Goxe Valley. The employee dwelling units required herein shall all be two bedroom units of no less than 850 sq. ft. and shall not have fireplaces. The ten {10) employee dwelling units shall be maintained as rental units for employees for a period of not less than twenty (20) yeaxs. Appropriate covenants, shall be files of record in the Clerk ~, Recorder's office of Eagle County to insure that the provisions of this Section axe complied With. Section 4.~ An additional Section 18.48.130 is adopted to read as follows: 18.48.130 APPROVAL OF SUBDIVISION AND INTERVAL OWNERSHIP Interval. own~.ersha.p o~ multiple--family dwelling units, with the exception of the required employee dwelling units, is hereby approved. Subdivision of the multiple-family dwelling units (not designated far employee housing) permitted in Development Area B into interval ownership fee intersts shall require no additional approvals from the Town of Vail Planning and Environmental Commission or from the Town Council for the Town of Vail. Section 5. If any part, section, subsection, sentence, clause or phrase of this ordinance is for any reason held to be invalid, such decision shall not affect the validity of the remaining portions of this ordinance; and the Town Council hereby declares that it would have passed this ordinance, and each part, section, subsection, sentence, clause or phrase hereof regardless of the fact that any one ox more parts, sections, subsections, sentences, clauses or phrases be declaxed invalid. Section 6. The Town Council hereby finds that this ordinance is necessary for the protection of the public health, safety and welfare. INTRODUCED, READ ON FIRST READING, APPROVED AND ORDERED PUBLISHED ONCE IN FULL, this ~7 day of ~~L-l~-~-~ti.. , 1978, and a public heaxing on this ordinance shall be held at the regular meeting of the,)1Town Council of the Town of Vaal, Colorado, on the ~ day of Nb~`~Z~)t,~~~{ 1975, at 7:30 P.P~~, in the Municipal Building of the Town. ~ ` ~ i 4 , Ord. 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