HomeMy WebLinkAbout04.2 AlternateHousingSiteInitiativeAlternate Housing
Sites Initiative
Tuesday, July 7, 2020
A Vail Town Council
&
Vail Local Housing Authority
Partnership
VAIL HOUSING
2027 PLAN
“A Strategic Plan
for Maintaining and
Sustaining Community
through the Creation
and Support of Resident
Housing in Vail”
OPEN LANDS
PLAN
AMENDMENT
Adopted in 2018
“Habitat is maintained
to current or improved
levels of biological
health as measured
by indicator species”
WHOVAIL
COMMUNITY
This initiative is to improved and enhance
wildlife habitat and to create
more deed-restricted homes for Vail that will:
•Add to the Vail Housing 2027 Plan inventory
bringing more deed-restricted homes to Vail
•Implement a 7-phase process to complete
wildlife habitat improvements on more than
4,500 acres
WHY
•Progress made towards gaining more
deed-restricted homes
•Preservation of the 4,500 acres of
bighorn sheep habitat at Booth Heights
•Wildfire fuels reduction
•Obtain title to Booth Heights parcel
Desired outcome for
WHAT
•To be given an extension on development
rights of Booth Heights project
•Partial reimbursement of costs associated
with the Booth Heights project
•To be given first option on future housing
developments in Vail –Middle Creek and
Timber Ridge
Desired outcome for
WHAT
•To obtain 144 deed -restricted homes for
Vail Resorts employees
•To be given an extension on development
rights of Booth Heights project
•Granting of EHU credit
Desired outcome for
WHAT
WHENOngoing Initiate multi-year, seven phase process to complete wildfire
fuels reduction and habitat improvements -ongoing
Aug. 4, 2020 Grant approval extending the Booth Heights entitlements
Dec. 31, 2020 Execute legally binding development agreements
March 1, 2021 Achieve entitlement approvals for new homes on Lot 3,
Middle Creek Subdivision
Sept. 15, 2021 –Nov., 2022 Commence and complete construction of new homes on Lot 3,
Middle Creek Subdivision
Sept. 15, 2021 Negotiate option to redevelop Timber Ridge Village Apartments
Subject to meeting milestones Grant title to Booth Heights Parcel to the town
Key deal points will include:
•An extension on development rights of Booth
Heights project
•The Town of Vail and Triumph Development will
partner on future deed-restricted home locations
and development
•Approval of who pays for what and how to reimburse
parties involved in the Booth Heights development
HOW
Initiatives will include:
•Start wildfire fuels reduction and wildlife habitat
improvements to the Booth Heights 4,500 acres
•Discussion of Lot 3 development for deed-
restricted housing
•Complete study of renovation to the Vail
Gymnastic Center to accommodate Children’s
Garden of Learning
HOW
Initiatives will include:
•Approval for Triumph Development to begin work
at the Middle Creek Subdivision location
•Triumph Development granted first option to
redevelop Timber Ridge Village Apartments
•Title to the Booth Heights parcel will remain with
Vail Resorts until certain milestones are achieved
HOW
Timber
Ridge
Booth
HeightsMiddle
Creek
Sub.