HomeMy WebLinkAbout2020-1022 Vail Health East Wing Mitigation Obligation complete
75 South Frontage Road West Housing Department
Vail, Colorado 81657 970.479.2150
vailgov.com
October 22, 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, the purpose of the Agreement
“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.”
I understand Vail Health has acquired three deed restrictions located at:
1) 1975 West Gore Creek Drive, Ptarmigan Townhome, Unit 27, a two-bedroom home,
2) 1040 Vail View Drive, Unit 307, a two-bedroom home, and
3) 2773 Kinnikinnick Road, Unit 1-D, a two-bedroom home.
Per our prior 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. Both 1040 Vail View Drive,
Unit 307 and 2773 Kinnikinnick Road, Unit 1-D are two-bedroom homes with more than 788
square feet each and comply with Table 23-2 Size of Employee Housing units and a 2.25
mitigation rate will be applied for both homes for a total mitigation of 8 employees (3.5 + 2.25 +
2.25) The off-site credit will be 2.86 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. (8 – 5.14)
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 the deed-restrictions for said properties above from the Eagle
County Clerk & Recorder’s Office the Town of Vail Housing Department will update its records.
If all actions are completed as contemplated herein, Vail Health will have met its employee
housing requirement for the East Wing obligation. In doing so, a credit of 2.86 will be granted for
future application, subject to the terms and provisions of Section 12-23-7 of the Vail Town Code,
depending upon the outcome of the proposed remodel at 1975 West Gore Creek Drive. If the
remodel is not completed, Vail Health will have a credit of 1.61 employees for future applications.
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