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HomeMy WebLinkAbout2004-20 Approving the Gore Creek Place Development Agreement with Vail Associatesti RESOLUTION N0.20 Series of 2004 A RESOLUTION APPROVING THE GORE CREEK PLACE DEVELOPMENT AGREEMENT (THE "AGREEMENT") BETWEEN THE TOWN OF VAIL THE "TOWN") AND THE VAIL CORPORATION, D/B/A VAIL ASSOCIATES, INC., A COLORADO CORPORATION ("VAIL ASSOCIATES"), WHICH AGREEMENT PERTAINS TO CERTAIN RESPECTIVE RIGHTS AND RESPONSIBILITIES OF THE TOWN AND VAIL ASSOCIATES IN RELATION TO THE GORE CREEK, PLACE DEVELOPMENT SITE OWNED BY VAIL ASSOCIATES AND AFFILIATES WHEREAS, the Town, acting through its applicable departments and agencies, including the Planning and Environmental Commission and Design Review Board, has previously approved design devel„r~~.ent plans proposed by Vail Associates for its intended development of the "Gore Creek Place" residential project (the "Project"), the site of which is located in the Town of Vail on the north side of and proximate to Gore Creek and bordered on the west by Forest Road (the "Gore Creek Site"); and WHEREAS, the Town, acting through its applicable departments and agencies including the Director of Public Works and the Director of Community Development), and Vail Associates, on its own behalf and on behalf of its applicable affiliates as the owners of the Gore Creek Site, have negotiated terms and conditions for the Agreement to govern certain matters related to the development of the Project, and also the Lionshead "Core" redevelopment project, and the respective rights and responsibilities of the Town and Vail Associates in connection with those matters; and WHEREAS, the approval of the Agreement is necessary and proper for the health, safety and welfare of the Town and its inhabitants;. and WHEREAS, the Agreement complies with all applicable laws and regulations of the State of Colorado and the Town, and the Town has the authority to enter into the Agreement pursuant to such laws. NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO as follows: Section 1. The Agreement is hereby approved, and the Town shall enter into the Agreement and perform, observe and discharge its obligations under the Agreement. The Town Manager is hereby authorized and directed to execute and deliver the Agreement, on behalf of the Town, with such terms and provisions as the Town Manager, after consultation with the Town Attorney, considers to be necessary or appropriate in furtherance of this Resolution. Section 2. The Town Council hereby finds, determines and declares that this Resolution is necessary and proper for the health, safety and welfare of the Town of Vail and the inhabitants thereof. INTRODUCED, READ, APPROVED AND ADOPTED this 21st day of September, 2004. Rodney Slifer, ~• Mayor, Town of Vail ATTES lei )~onaldson, ~- - Town Clerk, Town of Vail ~ ~`~, d •o; W zi '• ~ •~ o; ••.......•. Resolution 20, Series of 2004 2