| | | | | | | | VAIL TOWN COUNCIL AGENDA MEMO
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| | | | | | | | ITEM/TOPIC: Update on the Chamonix Neighborhood at West Vail Development Plan.
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| | | | | | | | PRESENTER(S): George Ruther, Director of Community Development
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| | | | | | | | | ACTION REQUESTED OF COUNCIL: Request action by the Vail Town Council on a number of key development decisions. Decisions regarding financial subsidy, unit mix and floor plan lay out is needed.
Does the Vail Town Council want additional financial subsidy factored into the sales price of the future homes? If so, how much and which home type(s)?
Is the subsidy to be spread equally across all home type(s)?
Which of the two site plan options does the Vail Town Council authorize the Team to move forward with; Site Plan B or Site Plan C?
Are there any significant changes that need to be made to the floor plan designs before continuing forward with design development drawings and the construction budgeting process?
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| | | | | | | | BACKGROUND: To date, the Vail Town Council has made a number of key decisions in the planning for the Chamonix Neighborhood in West Vail. The development team has relied upon these decisions to advance the development to its current iteration. More decisions are needed. Three decisions lie in the critical path of the development, and, as such, the development can not continue forward until decisions are made and direction is provided. Decisions are required regarding financial subsidy, unit mix, and floor plan design.
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| | | | | | | | | STAFF RECOMMENDATION: The Community Development Department recommends the following:
- Instruct the development team to advance the design development drawings of each of the five, floor plan designs and layouts (Type 1– 5), as presented.
- Instruct the development team to advance the design development drawings of Site Plan B containing the unit mix as presented.
- Advance with the next level of due diligence with systems built vendors.
- Maintain the current level of subsidy (i.e. land, infrastructure, soft cost, profit). No further subsidy is recommended.
- Continue forward with the marketing and reservations campaign as contemplated within the scheduled timeframe proposed and set the lottery for May of 2017.
Return to the Vail Town Council on January 4th with an updated phasing plan, a preliminary presentation on specifications, and the preliminary terms of a pre sale agreement.
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