HomeMy WebLinkAboutHousing Fee-In-lieu letter 010710TOWN OF VAIL
January 7, 2010
Ms. Diane Milligan
Ramshorn Lodge
416 Vail Valley Drive
Vail, Colorado 81657
Via E-Mail: diane(d)mountainmax.net
Dear Diane,
This letter is a follow-up to our meeting yesterday (1/6/10) with Warren Campbell, Chief of
Planning, Bill Pierce and Kurt Reyna at Fritzlen Pierce Architects. When the expansion of the
Ramshorn Lodge was approved by the Planning and Environmental Commission (PEC) on
November 26, 2007, there was an obligation to provide deed restricted employee housing to
mitigate for at least ten percent (10%) of the net new Gross Residential Floor Area (GRFA).
Based upon the PEC approval, Ramshorn Lodge was adding 15,761 square feet of new GRFA.
Mitigation of 10% is equal to 1,576.1 square feet of deed restricted employee housing. Per the
PEC approval a 1,105 square foot Type IV Employee Housing Unit will be provided on-site. The
remaining 471.1 square feet would have been mitigated through a payment of fee-in-lieu. At the
time of the Ramshorn Lodge approval the fee-in-lieu rate per square foot was $236.65.
Per the new information provided by Fritzlen Pierce Architects the Ramshorn Lodge currently
owes the Town of Vail $64,136.88 in fee-in-lieu for employee housing mitigation. This is based
on the addition of 13,970.17 new square feet of GRFA. Additionally, an on-site deed restricted
employee housing unit of at least 1,126 square feet must be provided at the time any Certificate
of Occupancy is issued by the Town. Any changes in the GRFA constructed or the square feet of
the on-site employee housing unit may require an additional fee-in-lieu payment.
Thank you for your prompt attention to this. If you have any questions or need more
information do not hesitate to contact me at 970.479.2144.
Regards,
C/ Nina Timm
Housing Coordinator
Town of Vail