| | | | | | | | VAIL TOWN COUNCIL AGENDA MEMO
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| | | | | | | | ITEM/TOPIC: Recommendation for the lottery selection process for the future development of the Chamonix Neighborhood at West Vail.
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| | | | | | | | PRESENTER(S): George Ruther, Director of Community Development
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| | | | | | | | ACTION REQUESTED OF COUNCIL: Does the Vail Town Council support the recommendation for the lottery selection process? If not, what specific changes to the lottery selection process are required?
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| | | | | | | | BACKGROUND: Demand for purchasing a new home in the Chamonix Neighborhood at West Vail development is high. Presently, hundreds of people have expressed an interest in the 32 new homes slated for development. With current demand exceeding the available supply, it is recommended that the Town of Vail conduct a lottery process for selecting the future buyers of the new homes at the Chamonix Neighborhood.
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| | | | | | | | STAFF RECOMMENDATION: See Section III of the staff memorandum dated January 3, 2017.
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