| | | | | | | | VAIL TOWN COUNCIL AGENDA MEMO
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| | | | | | | | ITEM/TOPIC: Deed restriction and lottery process for the Chamonix Neighborhood in West Vail
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| | | | | | | | PRESENTER(S): George Ruther, Director of Community Development
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| | | | | | | | ACTION REQUESTED OF COUNCIL: As this is a worksession, no formal action of the Vail Town Council is being requested at this time. Based upon information and feedback received at this time, the town staff will return to the Vail Town Council at a future public hearing to request a final decision on the deed restriction terms and the lottery selection process.
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| | | | | | | | BACKGROUND: The Chamonix Neighborhood in West Vail development is advancing forward. This new development is intended to be a deed restricted, for-sale residential development for current and future residents of the Vail community. An important next step in the development process is to identify the terms of the deed restrictions which will ensure permanent, year round occupancy and the lottery process that will be used to sell the new homes to the future home owners.
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| | | | | | | | STAFF RECOMMENDATION: As this is a worksession, no formal action of the Vail Town Council is being requested at this time. Based upon information and feedback received, the town staff will return to the Vail Town Council at a future public hearing to allow for public comment and input to request a final decision on the deed restriction terms and the lottery selection process. In doing so, the staff recommends that the Vail Local Housing Authority considers the options and issues around the deed restriction and lottery process for the Chamonix Neighborhood and forwards its recommendation to the Vail Town Council for consideration.
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