HomeMy WebLinkAboutVail Health Off Site Housing Obligation_09012020
75 South Frontage Road West Housing Department
Vail, Colorado 81657 970.479.2150
vailgov.com
September 1, 2020
Mr. Craig Cohn
Chief Real Estate Development Officer/SVP
Vail Health
PO Box 40,000
Vail, CO 81658
Re: Vail Health East Wing Mitigation Obligation
Dear Craig,
Congratulations on the progress you are making on the East Wing Redevelopment at Vail Health.
In accordance with the Amended and Restated Development Agreement, recorded June 11, 2018
under reception no. 201809885, section 5.b.ii East Wing Mitigation, … “is to provide off-site
housing for 5.14 employees. Mitigation to be provided by VVMC (dba Vail Health) purchasing and
deed restricting dwelling units within the Town of Vail or purchasing deed restrictions as per the
Town's " InDeed" housing program.”
Eagle County Assessor records state the property located at 1975 West Gore Creek Drive, Unit
27, legally described as Resub of Lots 29 Thru 40 Vail Village West Filing 2 Lot: 27 AKA Ptarmigan
Townhouse, has two bedrooms and a total of 1,342 square feet of living area (GRFA). Per our
conversation, the Ptarmigan Townhome 27 shall qualify as three bedroom home of more than
1,225 square feet for purposes of determining compliance with Vail Health’s employee housing
mitigation obligation provided the proposed interior remodel to add a third bedroom is completed
with a certificate of occupancy prior to a request for any certificate of occupancy associated with
the East Wing redevelopment. In the event Vail Health complies with this stipulation, a 3.5
employee mitigation rate will be applied to this home leaving a remaining obligation of 1.64
employees to be housed. Should the third bedroom not be added, the remaining off-site obligation
remaining will be 2.89 employees to be housed pursuant to the Vail Town code section 12-23-3
Commercial Linkage: Size and Building Requirements; Table 23-2, Size of Employee Housing
Units.
TABLE 23-2
SIZE OF EMPLOYEE HOUSING UNITS
Number Of
Type Minimum Size Employees
Of Unit (GRFA) Housed
Dormitory 250 1
Studio 438 1.25
1 bedroom 613 1.75
2 bedroom 788 2.25
3 or more 1,225 3.5
bedroom
Upon receipt of proof of recording of a deed-restriction for said property above from the Eagle
County Clerk & Recorder’s Office the Town of Vail Housing Department will update its records
verifying that a portion equal to 2.25 employees of the 5.14 employee housing requirement of
the East Wing mitigation obligation has been met.
Should you have any additional questions, as always, please do not hesitate to reach out.
Sincerely,
George Ruther
Housing Director
Town of Vail
Town of Vail Page 2