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HomeMy WebLinkAbout2010-06 Allowing for a One Time, Eighteen Month. Administrative Extension to the Lapse of Approval for Certain Approved Development Plans Approvals P1 F { RESOLUTION NO. 6 Series of 2010 A RESOLUTION OF THE TOWN OF VAIL ALLOWING FOR A ONE TIME, EIGHTEEN MONTH, ADMINISTRATIVE EXTENSION TO THE LAPSE OF APPROVAL FOR CERTAIN APPROVED DEVELOPMENT PLANS APPROVALS; AND SETTING FORTH DETAILS IN REGARDS THERETO. ` F WHEREAS, the current state of the economy and the present circumstances within world financial markets makes the ability to obtain construction financing difficult, impractical, or nearly impossible, and; r WHEREAS, there are four specific development projects with development Z' review application approvals from the Town of Vail which are impacted by the current state of the economy and unable to diligently pursue construction due, in part, to the present circumstances within world financial markets; and. F WHEREAS, the Vail Town Code establishes an approval period for development review application approvals; and r WHEREAS, approval of an Approved Development Plan for a major exterior alteration application remains effective for a period of two years and the approval of an Approved Development Plan for a special development district remains effective for F three years, pursuant to the applicable provisions of the Vail Town Code; and t WHEREAS, the Vail Town Council finds that a one time, eighteen (18) month extension to the term and effect of the approval period should be administratively granted provided the project continues to adhere to certain terms and conditions as prescribed by the Vail Town Council; and WHEREAS, it is in the best interest of the Town and its citizens to grant an administrative extension to the approval period of certain projects to avoid unnecessarily requiring the projects to go through the review process again, as it will result in additional costs and timely delays; and WHEREAS, the Vail Town Council finds that this Resolution furthers the development objectives of the Town and is in the best interest of the Town as it promotes the coordinated and harmonious development of the Town of Vail. i NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO: 1. Projects Effected by this Resolution • Cascade Residences (SDD #4 /PEC07 -0058) • Cornerstone Residences (SDD #4 /PEC07 -0055) • Strata (PEC08- 0028 /PEC08 -0030) I Resolution No. 6, Series of 2010 r' k • Timberline Roost Lodge (PECO5- 0080 /PEC06- 0012 /PEC06 -0083) 2. Terms and Effect of Extensions t a. Upon written request to the Director of Community Development, a one -time, eighteen (18) month extension will be granted from the last date of expiration. b. The extension shall be valid only for the approved development plan approval that was originally granted by the Town of Vail. C. Any request for a change to a approved development plan which requires review by the Planning & Environmental Commission, and that is subsequently approved, shall cause the extension and its effects to be voided. d. Any approved development plan which has not yet been reviewed or issued a building permit shall fully comply with the applicable provisions of the 2009 International Building Codes, as adopted and as may be amended from time to time. e. The granting of the extension shall be by administrative action. f. The grant of the extension provided in this resolution shall not be used as a precedent for the grant of any other requested extension, it is specifically intended to apply only in the present circumstances and to the projects listed in this resolution. I 3. Effective Date of the Resolution I This Resolution shall be effective immediately upon adoption. p INTRODUCED, READ, APPROVED AND ADOPTED this 16th day of February, 2010. f c. g_ Richard D. Clevel ayor c f AT I[Yona � ldson, N op • P lei Town Clerk r 'SEAL • i s Resolution No. 6, Series of 2010