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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.