HomeMy WebLinkAbout04.3 Memorandum of Understanding Exhibit A Development Cost Reimbursement 07072020EXHIBIT A
Design
Development Application
Cost Reimbursement
Design development application costs include those direct costs incurred by the Town and Triumph Development, as co-applicants, to determine the development potential of the Lot 3 Project
site and obtain development approvals and entitlements from the Town of Vail Planning & Environmental Commission and Design Review Board for the Lot 3 Project equivalent to the current
development approvals and entitlements granted for the Booth Heights Parcel.
Those direct costs include:
project due diligence, such as geotechnical testing, environmental assessment, traffic studies, environmental impact reports;
civil engineering,
landscape design,
life-safety analysis,
traffic reports and studies;
architectural design;
development application and design review fees;
professional consultant fees for preparing and presenting design development applications to the Town of Vail Planning & Environmental Commission and Design Review Board;
costs incurred to demonstrate compliance with the adopted rules, regulations and codes of the Town, as may be applicable, in pursuit of design development application approval.
legal fees for all parties directly related to the pursuit of this alternate development site;
Costs directly related to pre-construction services, construction estimating, testing, construction planning, or other similar costs incurred outside of the development application approval
processes are NOT reimbursable expenses.