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HomeMy WebLinkAbout1980-28 Providing for Registration on Time-Share Projects with the Department of Community Development of the Town of Vail; Requirements for Applications for Registration of Said Units; Remedies for the Violation of this Ordinance4 ' e l i ~ f ~~ ORDINANCE NO. ~~ Series of 1980 AN ORDINANCE PROVIDING FOR REGISTRATION ON TIME-SHARE PROJECTS WITH THE DEPARTMENT OF COt41MUNTTY DEVELOPMENT OF THE TOWN OI' VAIL; THE F3,ERUIREMENTS FOR APPLICATIONS FOR REGISTRATION OF SAID UNITS; REA4EDIES FOR THE VIOLATION OF THIS ORDINANCE, AND STANDARDS FOR THE REVOCATION OF SUCH REGISTRATION; AND OTHER DETAILS RELATING THERETO. WHEREAS, the past impact on the Town of Vail by time- ~~7 share projects has indicated a clear and convincing need for regulatory measures; and WHEREAS, the Town Council has determined that the existing ordinances and regulations of the Town are insufficient to cope with the problems presented by time-sharing; and WHEREAS, the Town Council has determined that the registration of time-sharing units is necessary to protect and preserve the public health safety and welfare of the inhabitants of the Town of Vail.. NOW, TITEREFORE, BE IT ORDAINED BY THE VAIL TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO, THAT: Section 1. There is hereby adopted a new Chapter 2 of Article 5 of the Vail Municipal Code to read as follows: . ~~ ~~ ~~ Page 2 CHAPTER 5.02 PROJECT REGISTRATION Section 2.010. Definitions. (A) Department. As used in this section, "Department" means the Community Development Department of the Town of Vail. (B} Time Share Unit -- A time share unit includes time share estates, fractional fees and time share licenses, as those terms are defined in Chapter 17 of the Vail Municipal Code relating to subdivisions. Section 2.202. Registration Required. A developer may not offer or dispose of a time-share unit unless the subject parcel is registered with the Department and with the State of Colorado. An offering by a developer of a single time--share unit, in any one project at any one time is exempt from the requirements of this section and Section 2.030. Section 2.030. Application - Approval (A) Eor the purpose of this section, "substantially completed" means all structural components and mechanical systems of all buildings containing or comprising any time share unit, or portions thereof are finished in accordance with the plans, as evidenced by a certificate of occupancy. (B) An application far registration must contain the information and b e accomplished by any reasonabel fees rec{uired by the Department's rules. A developer promptly shall file amendments to report any actual or expected material change in any document or information contained in his application. (C) St a developer files with the Department the governing instrument of proposed governing instrument, or an amendment or proposed amendment to the governing instrument, describing the time-share i.e,, fractional tees or time share license parcels comprised in whole or in part of buildings or portions of bu~.ldings that have not been substantially completed, the developer shall also file with the Department: (1} a verified statement showing all costs involved in completing the property; (2) ~, verified estimate of the time completion of construction of the property; (3) satisfactory evidence of sufficient funds to cover all costs to complete the property ~ ~~ ~~ page 3 (4) a copy of the executed construction contract and any other contracts for the completion of the property, (5} if the purchaser's funds are to be utilized for the construction of the property, an executed copy of the escrow agreement with an escrow company or financial institution authorized to do business within the state tivhich provides that: (a) disbursement of purchasers' funds may be made Pram time to time to pay for construction of the property, architectual engineering, finance, and legal fees, and other costs for the completion of the property in proportion to the value of the work completed by the contractor as certified by art independent architect ox engineer on gills submitted and approved by the leader of constructian funds or the escrow agent; (h) disbursement of the balance of purchasers' funds remaining after completion of the property may be made only after the escrow agent or lender receives satisfactory evidence that the period for filing mechanics' and materialmen's liens has expired, the right to claim those Liens has been waivered or adequate provision has been made for satisfaction of any claimed mechanic's or materialman's lien; and (_c) any other restriction relative to the retention and disbursement of . purchasers' funds x'ec~uired by the Department; and (,G) Any other materials or information the Department may require by its rules. (D) 'the Department may not register the time-share x~arcels descrilaed in the governing instrument or the amendment unless the a,ency determines, on the basis of the mater~.a1 submitted by developer, that the time-share parcels to be added to the property will be completed. Section 2 . ~1~l:4, Orcler of registration. (A) titithin f;Q days of tine receipt of tree application tl~e Department shall determine whetherf (1) the application and the proposed public offering statement satisfy the requirements o:? this chanter and the 'Department's rules; (2) the governing instrument complies witl~ this Chaptex; ' • ~ ~~ Pa e 4 •~ g (3) there is any reason to believe that the improvements the developer has undertaken to make cannot be completed as ' represented= and (4) a ~verit'ied copy of the project's registration with the State is provided. (B) If the Department makes a favorable determination it shall issue promptly an order registering the parcels. otherwise, unless the developer 3~as consented in writing to a delay, the Department shall issue promptly an arder rejecting registration. Section 2.050, Violations, If the Department determines alter notice and hearing, that any person has disseminated or caused to be disseminated orally or in writing any false or misleading promotional materials in connection with a time-share unit, or that any person has otherwise violated any provision of this Chapter ar the Department's rules and orders, the Department may issue an order to cease and desist from the conduct, to comply with the provisions of this Chapter and the Department's rules and orders, or to take affirr:tative action to correct conditions resulting from that conduct or failure to comply. Section 2.060. P~evocation of 3egistration. (A) The Departrent, after notice and hearing, r~~ay issue an order revoking the registration of a parcel upon determination that a developer or any officer or principal of a developer has: (1) failed to comply with a cease and desist order issued by the Department wffecting that parcel; (?) concealed, diverted, or disposed of a,ny funds or assets of any person in a manner funds or assets of any person in a manner impairing rights of purchasers of the parcel; (30 f ailed to perform any stipulation or agreement made to induce the agency to issue an order relating to that parcel; or (~} misrepresented ar failed to disclose a material fact in the application i'or registration, (33) A developer shall not dispose of or transfer a time share unit, while an order revoking the re~~;istration of the time-share parcel is in effect, without the consent of the Department. (C) In appropriate cases thc~ Department, in its discretion, may issue a cease and desist order in lieu of an arder of revocation. ~.' •~ •7 Page ~ 5 Sect i.otl 2.070. duties of Tepartment. (A) The Department may adapt, amend, and repeal rules and issue orders consistent ~S7ith and in furtherance of the objectives of this Chapter, but the Department may not interfere with the internal activities of the managing entity or of owners undertaking self--management except to the extent necessary to prevent violations of this Chapter. The Department may prescribe forms and procedures for submitting information to the Department. (B) if it appears that any person has engaged, is engaging, or is about to engage in any act or practice in violation of this Chapter or any of the Department's rules or orders, the Department without prior adminstrative proceedings may request that the Town Council. authorize the bringing of a suit in the appropriate courts to enjoin that act or practice or for other appropriate relief. (C) In issuing any cease and desist order or order rejecting or revoking registration of a parcel, the Department sha11 state the basis for the adverse determination and the underlying facts. (D) The Department, in its sound discretion, n,ay require bonding, escrow of portions of sales proceeds, or other safeguards it may prescribe by its rules to guarantee completion of all promised improvements p~irsuant to the Developer's Obligation to Complete. Section 2.OS0. Department review of Public Offering Statement (A) The Department at any time may require a developer to alter or supplement the form or substance of a public offering statement to assure adequate and accurate disclosure to prospective purchasers. (B) The public offerinn statement may not be used for any promotional purpose before registration anti afterwards only if it is used in its entirety. No person may advertise or represent that the Department or the Town of Vail has approved or recommended the time--share parcels, the disclosure statei:~ent, or any of the documents contained in the application for registration. • ' t, Page 6 Section 2. If any part, section, subsection, sentence, clause •~ or phrase of this ordinance is for any reason he1.d to be invalid, such decision shall not effect the validity of the remaining portions of this ordinance; and the Town Council hereby declares it would have passed this ordinance, and each part, section, subsection, sentence, clause or phrase thereof, regardless of the fact that any one or more parts, sections, subsections, clauses or phrases be declared invalid. Section 3. The Town Council hereby finds, determines and declares that this ordinance is necessary and proper for the health safety and welfare of the Town of Vail and the inhabitants thereof . Sect inn 4 . The repeal or the repeal and reenactment of any provision of the Vail Municipal Code as provided in this ordinance shall not affect any right which has accrued, any duty imposed any violations that occurred prior to the effective date hereof, any prosecution commenced, nor any other action or proceeding as commenced under or by virtue of the provision repealed or repealed and reenacted. The repeal of any provision hereby shall not revive any provision of any ordinance previously repealed or superseded unless expressly stated herein. INTRODUCED, READ ON FIRST READING, APPROVED AND ORDERED PUBLISHED ONCE IN FULL, this ~ day of `~~~``.(_..~'.( , 1980 ... and a public hearing on -this Ordinance sha11 be held at the regular meeting of the Town Council of the Town of Vail on the ~~~ day of !~~ ~!.l' ~ ~/ 1980, at 7:30 P. M. , in the Municipal Building of the j Town. Mayor ~ . ATTEST: ,/ ~ l ~... ,. / ~ ~- ~ ~; -~ Town Clerk `. . _~ ~~ 1' Pago 7 INTRODUCED, READ, APPROVED ON SECOND READING AND ORDERED PUBLISHED BY TITLE ONLY TFi I S 1 ~~~~~~ DAY OF ~~,;(_,~,~ , 1980 . - . - ~ ~ ~_ Mayor ` ATTEST: fir! ~,~~~~ G-~! ~L~ Town Clerk . ~ . ~ • ~ ~ c c ° o ~ ~ ac~QO.~o~--m C1 ~ m o ~ _~ Q N -~ ~°Qm~ . ?s~~ O D O O n ~ n~ n~ 30 -'[~'cDZ~~Q Z ~ n m ~~ f o~~ ~~ a ~'~3goo°~~ L ~ O 0 0- g ~ -o ~ rn ~ room~,~QO~,o O (~ o d ~ Q o ~ ~ ~ Q~~eco ~ ~ p G ~ 1 o c~ -h o~ ~ moos r ~ o~ -o ~. a ~- o 0 0~ m ~Nom¢c_ .,~ d O ~ O Q (~' ~ O (~ (D Q ~ (D ~ C ~ titi..~ mayy" (D ~ ~ ~ (D ~ ~Qpryn3~^~a.fl0 ~ ~n ~ C~ -h ~ ~ ~ N ~ ~ O O O O Q Q ~QOa m ' C ~ Q Qw.~,~ ~ ~ ~ ~{}'n ~ ~ Q QOM ~OcnCD_i,;- f~ ~ O Q }j' ~ ~ 7 -~' (gyp N 7 u, Q ~ ~ ~~ ~ ~ - ti F~ -Op ~ ~ a Q. ~~ Q g~ ~~-° m N~Q.N o r N m ~ o ~ ~ ~-aQ"~Qm~cu -Di c ~~omQC~~o~ o Z ~ ~ ~ ~ QQ O ~ ~ 4 ~ ~ -~' Q m 0 ~ O p~"O -r r ~ ~ D ~ ~D ~~~ ~.~~ ~ m ~ a ~ ~ ~ ~ ~ ~ O ~ p~QQj~~O~ Q 'a O ~ ~ (~~D ~ ? ~ 3~ N O~ O ~ ~ m Q Q 3 ti ~ (Q ~ WCQ~ ~p~ Q N ° ro Q ~ fl °aw~"~Q~~~ Q G ro o a ~. o a m~ oQQ ~ Q.A ~~ ~..__._.._.._.___---~ .~._...__.. _ _ _ _....~ .._.~ ._ ..-~___- _____ ~___v.._...... _~. ~y~y g 8~ ._____,._ _. s s N ~~ n _ge~gn~~~oJ" Jx~~~ mw}c° ~Jw Ntn~ ma3~-.~0.,. ~ °a A_S mm3~ m~'~nm mm~ mC~i~bv~OpmZ ~~i' ~+i~~a.< ",1Mo~m^on n °~' °nm~ =^cn ~_w Dm w_ m m`~m DV' ~~ rowm mZ _.w `~a3F mmm-`{ -i DO-v O 7 ~~ ~w..~ ~~n 13~ romp O ro mm~m~. ~t 'm na NDR z°J~~-~4m n c.~my7-^~ wv m'r O am'~m2 i'"~ i Dn~Z r'f7r ic-~ ~,~ m °~$c~~o-~na~J- n'n 30^ wa'°omw ~ Ja'sn~v~OO , 4m-A! 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Sf may o~`~o m3 m ~ m a •c~a ~ offs' ~' n ^^{ao.. to a]d- m<^m3'o -~, ~~fRmm ~ #oF mry ~, d' ~a o Nmm a'-m -'am_g.. v,~x-.,ma ~ y....Qm 'm ~~~ p7 ~7_ O Nd 'ON m_w q' C.. 1~d CG J7G0'C ~ ~^'01.~ N ~'O _oD w S,. tO N ]J J'O-C N_~m ~`C `C3N i°~. fG nm~0 ~3a /wiNwy ~m°~t0,]@ m OW.^.d WO-'~dr+ nG m'Om to tN7m ~yCa ~n~ V~~C SO~O_~Opl~ N~r2 QW ~j~ f~»fC3~~~wmy y 6t0 R ,~~.~_ 7tp ^m~ C.~i n~9. O^^ w ~'] w O -77 `C ^C+C [[ppmn< O m m,~^ m ~ 0... - ]~~HNW b" y~ ]^mn O O O.. O tp C w 7 mmw a-~ O V -O'-'x m ..n 3m -ate w~.`". n]-.w °<.»3n"O d ~dm _,7 `p f° a-mm na~_, ~-m ~~n ,n. 3acc ~ °i gv~nw o Q^n. o J O~ v n a O..m~ b6o 3 Qto in Tm ~ ] my ] c y; N'~ ~ 0. m-O ~m me ~ 4+0.nm aNmf36 wD- 3m00 m- ao~ ~ ?+'^» ~aa a-~m~ 3 0-' me ]_. ? c ~ N7 r m.~^.mb=-- ~=.. n~m NOm~f.mm b,~mo° w~@~ ~a ~o? E, ~,mu`^,~m a' yo n"~'m `'-nm'v~ cm~3,$nmdn Yd°n°,s ~n~an~ wvi' OOt93 ~~x~~~~]~~~~n~ °w ~n~ ~~5^ E uQ 3, =gym 3w ~ ~^ ~ °~~^'»m annm~°c'`~w sm .~ ~o~:.~ _ wmm~on°~~,~n°n ~:<r;?¢ pnn~ on mm ~m°_'~m<nm m N.m °O,^"'~°+~v°o o~8m ~n~3 ~ • • (C)'In appropriate cases the Department, in Its discretion, may i9aue a cease and desist order in 11eu of en order o} ravowtion, Saetlcn p,070 - Outies of Departmenl. (A) Ttre Department may adapt, amend, and repeal rules and issue orders consistent with an d In furtherance of the objectives of this Chapter, but the Department may not interfere with the internal actlvit{es of Ihe.managing entity or of owners undertaking sell management exc9pt to tfia extent nacess¢ry to prevent vicletiona of Ehis Chapter, The Department may prescribe forms and procedures for submitting information to the Department. (By If itappears thateny person has engaged, is engaging, or Is about to engage in any actor praeticeinvlolationotthis Chapteroranyof the Department's tines or orders, the Departmen! without prior administrative proceedings may request that the Town Council autonze the brin~ing of a suit In the appropriate courts io enJdin that act or practice or for other appropriate relief. (C) In issuing any cease and desist order or order rejecting, or revoking registration of a parcel, the Departmenl shall state the basis for the adverse determination and the underlying facto. (D) The Oapartment, in its sound direction may require bonding, escrow of portions of sales praceeda, or other safeguards it may prescribe b)r its rules to guarantee complel{on of aEl promised Improvements pursuant to the pavalpper's Obligation to complete. Section 2.090 - Departmen! Review of Public Offering Statement. (A) Tha ^eparlment at anytime may require a developer to altar or sugplament the farm or substance of a public offering statement to assure adequate and accurate disclosure to prospecElvB purchasere. (B The public offering statement may not he usetl'for .any promotianel purpose before registration and afterwards only if It is used ih its entirely. Nd person may advertise or tepreaent the Department or the Town of Vall has approved'or recommended the time-share parcels, the dlactaeure statement, or any of the tloeumanta centeined in the applicatldn far registration. $ECTEDN 2 If any part, section, sutfgegfion.~ sentence, clause or phrase of this ortllna ce is for any reawn held to be imalitl, ouch decision shall not affect the validity of tne~rema {ping portions of this ordinance; and'~th'e~ ~>tdwn ~ - Council hereby declares it would have passed this ordinance, and each part, section, subsection, aenienre, clause or phrase thereof, regardless of the tact chat any one or mare pparts, sections, subgections, clauses or phrases be declared Invalid. SECTION S. The Town Council hereby finds. determines and ddplarea that this ordinance is necessary,and pr~perforthe heahh,sa[Btyand we(fare of the Town 01 Vail and the Inhabitants thereof. 3ECT14N 4. The repeal or the repeal and reenaClment of any provision of the Vai! Municipal Code as provided in this ordinance shell not effect any right which Ass accrued, any,duly Imposed, any vlolafiona that occurred prior to the Btfective dale hereof, any prosecution commenced, nor any other action or proceeding as commenced under or by virtue of the provision repealed yr repealed and reenacted. The repeal of any provision hereby shall not revive any provision of any ordinance previpusly repea!Bd Or superseded unless expressly stated herein. INTRODUCED, READ ON FIRST READING, APPROVED AN6 ORDERED PUBLISHED ONGE IN FULL, phis 1st dayof July, t980snd a public hearing on this Ordinance shall be held at the regular meeting of the Town Counci€ of the Town o1 Valt on the 15th day of July, 1980et 7:30 p.m. In the Municipal Building of the Town. TOWN OF VAIL Rodney E. Shier Mayor ATTEST: Golleen M. Kline Town Clerk INTRODUCED, READ, APPROVED ON SECONp AEA41N(3 AND ORDERED PUBLISHED IN' FULL ih18 15th day of July, 1989. TOWN OF VAIL Rodney E. Slifer Mayor ATTEST: Colleen M. tCllns , Town Clerk Published In The Vpll Troll on Jufy 18, 1980 • • r ~ ~~~nn :D C) ~ ~ ~ cA ~4 ~ O~'-G~cD~7~~ ~.ro ~o. ~ ~ ~ o ~~~~~~~~~CA ~ G ~ o ~~ cv ~ mo~~poy~ ~p ~ ~ m ~ ~ QCff3y~nQ~O O y Q ~ ~ Q ~N~n~~Q~~ ~ ~~O ~ C C Q O ~ n ro~~c~m~-a O ~ v ~ ~~ ~ ~ ~~~ Q D cn D n ~ m ~ Qgo~~~'p~oo ° c ° ~ Q ° ~ ~OQj~~NQ~Q'2 `O O '~ b Lr ~ `~ ~ ~ ~ cp Q-p ?. ~ ~ C "1` f~ C ~ Q Q ~ ~ ~ N ~ y. -a m ~ Q.am~oa~Q~ 7 g ~ (D N~-~(D~~`~"Nfl ~ y~ ~ ~ ~ ~ ~ ~ ~~' Q O ~_ ~ ~ ~ yC N Q ~ {] ~ ~ Q Q `OMM ~ ~ ~ G Q{ -t ~ O ~ T ro ~((.r ~ ~ ~ Q ~~D~p°am~ i~ Cb 7 ~,C ~• ~ ~~ ~ Cn -+ (p p (p ~ O~~ cD ~ ~ ~ R O ~ ~~~'~fl~m~~ Q ~ ~ p ~ Q~QO~O~O~ m a ~ c~ ~~3~~~~0~ N r~ ~ ~ ~ W~~~ ~O'V ~ 4 @ ~ ~~7 (D ~w Q Q ~ a ~. o a m~ ~~Q ~ Qo m o n Q 0 ~j 4 fl g CL Q ~, O C/1 .~ 0 Q ' :~ ~ ~ o ~ m K m R Q cn 0 z ~ O O o r ~ ~ (~. 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