HomeMy WebLinkAbout2004-20 Approving the Gore Creek Place Development Agreement with Vail Associatesti
RESOLUTION N0.20
Series of 2004
A RESOLUTION APPROVING THE GORE CREEK PLACE 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 GORE CREEK, PLACE
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 design devel„r~~.ent plans proposed by Vail Associates for its intended
development of the "Gore Creek Place" residential project (the "Project"), the site of which is
located in the Town of Vail on the north side of and proximate to Gore Creek and bordered on
the west by Forest Road (the "Gore Creek 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 Gore
Creek Site, have negotiated terms and conditions for the Agreement to govern certain matters
related to the development of the Project, and also the Lionshead "Core" redevelopment project,
and the respective rights and responsibilities of the Town and Vail Associates in connection with
those matters; 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
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 AND ADOPTED this 21st day of
September, 2004.
Rodney Slifer, ~•
Mayor, Town of Vail
ATTES
lei )~onaldson, ~- -
Town Clerk, Town of Vail ~ ~`~,
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Resolution 20, Series of 2004 2