| | | | | | | | VAIL TOWN COUNCIL AGENDA MEMO
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| | | | | | | | ITEM/TOPIC: Present the Vail Local Housing Authority recommendation for the deed restriction requirements for Chamonix Vail and provide an update on the development schedule and proposed lottery process.
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| | | | | | | | PRESENTER(S): George Ruther, Director of Community Development; Michael O'Connor, Triumph Development West; Mike Cuthbertson, RA Nelson
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| | | | | | | | ACTION REQUESTED OF COUNCIL: Does the Vail Town Council support the recommendation of the Vail Local Housing Authority and the proposed requirements contained within the Chamonix Vail Deed Restriction? If so, the Team will take the steps necessary to finalize the deed restriction. If not, what specific changes to the deed restriction are required?
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| | | | | | | | BACKGROUND: The 32 townhomes at Chamonix Vail will all be deed restricted. The terms of the deed restriction are in place to ensure the Town achieves its objectives for the new development. The deed restriction must be approved prior to applicants submitting for participation in the lottery selection process. The deadline for submitting to participate in the lottery selection process is March 17th. A final determination on this matter is needed to remain on schedule for an April construction start.
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| | | | | | | | STAFF RECOMMENDATION: The Vail Local Housing Authority recommends the Vail Town Council approves the Chamonix Vail Deed Restriction as presented.
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