HomeMy WebLinkAbout2006-10 Approving the Front Door Development Agreement with Vail AssociatesRESOLUTION NO. 10
Series of 2006
A RESOLUTION APPROVING THE FRONT DOOR DEVELOPMENT
AGREEMENT (THE "AGREEMENT") BETWEEN THE TOWN OF VAIL
THE "TOWN") AND THE VAIL CORPORATION, D/B/A VAIL
ASSOCIATES, INC., A COLORADO CORPORATION ("VAIL
ASSOCIATES"), WHICH AGREEMENT PERTAINS TO CERTAIN
RESPECTIVE RIGHTS AND RESPONSIBILITIES OF THE TOWN AND
VAIL ASSOCIATES IN RELATION TO THE FRONT DOOR
DEVELOPMENT SITE OWNED BY VAIL ASSOCIATES AND AFFILIATES
WHEREAS, the Town, acting through its applicable departments and agencies,
including the Planning and Environmental Commission and Design Review Board, has
previously approved a development plan and design criteria proposed by Vail Associates for the
intended development of the "Front Door" mixed-use real estate development project (the
Project"), the site of which is located in the Town of Vail to the south of the Lodge at Vail and
the southerly end of Bridge Street and which borders and/or subsumes the Vista Bahn ski yard on
the site's east side (the "Front Door Site"); and
WHEREAS, the Town, acting through its applicable departments and agencies
including the Director of Public Works and the Director of Community Development), and Vail
Associates, on its own behalf and on behalf of its applicable affiliates as the owners of the Front
Door Site, have negotiated terms and conditions for the Agreement to govern certain matters
related to the development of the Project, and the respective rights and responsibilities of the
Town and Vail Associates in connection with those matters; and
WHEREAS, the Town Council's approval and authorization of the Agreement,
and making of the Agreement, will serve to satisfy certain conditions established by the Planning
and Environmental Commission as part of its approval of the development plan for the Project;
and
WHEREAS, the approval of the Agreement is necessary and proper for the health,
safety and welfare of the Town and its inhabitants; and
WHEREAS, the Agreement complies with all applicable laws and regulations of
the State of Colorado and the Town, and the Town has the authority to enter into the Agreement
pursuant to such laws.
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE
TOWN OF VAIL, COLORADO as follows:
Section 1.
The Agreement is hereby approved, and the Town shall enter into the Agreement and perform,
observe and discharge its obligations under the Agreement. The Town Manager is hereby
authorized and directed to execute and deliver the Agreement, on behalf of the Town, with such
Resolution No. IQ, Series 2006
terms and provisions as the Town Manager, after consultation with the Town Attorney, considers
to be necessary or appropriate in furtherance of this Resolution.
Section 2.
The Town Council hereby finds, determines and declares that this Resolution is necessary and
proper for the health, safety and welfare of the Town of Vail and the inhabitants thereof.
INTRODUCED, READ, APPROVED AN~3-,ADOPTED thi~'6th da of June,
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2006.
ATTEST:
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T
L,,~elei onaldson,
Town Jerk, Town of Vail
Resolution No. 10, Series 2006
Farrow Hitt, ~~
Mayor Pro Tem
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