HomeMy WebLinkAbout2016-37 Authorizing Town Manager to Enter into a Pre-Development Agreement with Triumph for ChamonixRESOLUTION NO. 37
Series of 2016
A RESOLUTION AUTHORIZING THE TOWN MANAGER TO ENTER INTO A
PRE -DEVELOPMENT AGREEMENT WITH TRIUMPH DEVELOPMENT WEST,
LLC; AND SETTING FORTH DETAILS IN REGARD THERETO.
WHEREAS, the Town of Vail (the "Town"), in the County of Eagle and State
of Colorado is a home rule municipal corporation duly organized and existing
under the laws of the State of Colorado and the Town Charter (the "Charter");
WHEREAS, the members of the Town Council of the Town (the "Council")
have been duly elected and qualified;
WHEREAS, the Town is the owner of certain real property more particularly
described as 2310 Chamonix Road, Parcel B, Resubdivision of Tract D, Vail Das
Schone Filing 1 (the "Property");
WHEREAS, the Town wishes to redevelop the Property for employee housing;
WHEREAS, Triumph Development West LLC, (the "Developer") is willing to
redevelop the Property for affordable housing; and
WHEREAS, the Town and the Developer wish to enter into a Pre -Development
Agreement (the "Agreement") to establish terms of the preliminary services to be
provided by the Developer for the Project.
NOW THEREFORE, B E IT RESOLVED BY THE TOWN COUNCIL OF
THE TOWN OF VAIL, COLORADO THAT:
Section 1. The Council hereby approves the Agreement and authorizes
the Town Manager to enter into the Agreement with the Developer on behalf of
the Town in substantially the same form as attached hereto as Exhibit A and in a
form approved by the Town Attorney.
Section 2. This Resolution shall take effect immediately upon its
passage.
INTRODUCED, PASSED AND ADOPTED at a regular meeting of the Town
Council of the Town of Vail held this 20th day of Dec- ber, .016.
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Resolution No. 37, Series of 2016