HomeMy WebLinkAbout1978-27 Adopting a Town Housing Policy to Envourage and Promote Diversity of Housing within the Towni~ • ~
RESOLUTION NO.
Series of 1978
A RESOLUTION OF THE TOWN COUNCIL ADOPTING
A TOWN OF VAIL HOUSING POLICY TO ENCOURAGE
AND PROMOTE DIVERSITY OF HOUSING WITHIN
THE TOWN OF VAIL; AND SETTING FORTH DETAILS
RELATING THERETO
WHEREAS, the Tawn of Vail and the Gore Valley have
experienced an increased demand for housing both for visitors
to the area and residents;
WHEREAS, the increased demand far housing has caused
the cost of housing to be greatly increased;
WHEREAS, the increased demand for housing has been
greater than the construction and supply of housing;
WHEREAS, because of the increase in the demand and the
decrease in the available supply of housing, the availability of
housing for the full spectrum of residents and visitors has been
diminished, and what housing is available has become very expen-
sive; and
WHEREAS, it is the opinion of the Town Council that
the Town must encourage and promote diversity of housing in
order to provide an adequate supply of housing for all people;
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF
THE TOWN OF VAIL, COLORADO, THAT:
1) The Town Council, as the first step in the contin- •'~~
uing process of encouraging and promoting housing, adapts a Town
of Vail Housing Policy specifying the goals and policies of the
Town of Vail relating to housing, particularly in the Town of Vail
and also the Gore Valley.
2) The following Housing Policy is hereby adopted and
approved by the Town Council:
TOWN OF VAIL -- HOUSING POLICY
GOAL: To encourage and promote a diversity of housing
geared to anticipated population growth for
visitor and resident alike. To ensure an ade-
quate supply of decent, suitably priced housing
for moderate and middle income persons. To plan
for housing patterns which provide for community
diversity through social and economic integration.
Res. Page 2
POLICIES;
Encourage and facilitate the development of
moderate income housing.
Require highest quality standards for all
new housing developments.
Recognize the value of the mixing and diver-
sification of various social, economic, and
political c~~~u«unities .
Maintain an appropriate equilibrium mix between
guest and local resident housing.
There should be no direct or ongoing costs to
the Town of Vail for housing, except for in-
house and staff time costs.
The Town will enter into a joint agreement with
Vail Associates and cause 100 units of rental
housing to be constructed on the LionsHead
parking lot by winter 1979, The Town will not
entertain any other joint seasonal rental agree-
ments for two years or until the 100 units come
on line and the market impact analyzed.
The Town of Vail has established specific cri-
teria for the use of Industrial Revenue Bonds
or similar fiscal tools for permanent housing
finance.
Increased densities may be available for projects
in the RC through HDMF zone districts, which
include long-term rental units as an integral
part of the development.
The Town is considering the requirement of long-
term rental housing units in all new housing or
accommodation unit projects in zone districts PA,
CCI, CCIT; CSC, or other projects that employ
10 or more full-time persons in the project area.
The Town of Vail Housing Policy will be evaluated
on a regular, continuing basis.
3) The Town Council pledges itself and the Town of Vail
to further the implementation of these goals and policies in order
to encourage and promote adequate housing.
INTRODUCED, READ, APPROVED AND ADOPTED, this 7th day of
November, 1978.
M yo r / ~
ATTEST:
Town Clerk