| | | | | | | | VAIL TOWN COUNCIL AGENDA MEMO
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| | | | | | | | ITEM/TOPIC: Proposed Parcel E, Chamonix Vail Neighborhood – Options for Consideration – Request for Direction
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| | | | | | | | PRESENTER(S): George Ruther, Housing Director
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| | | | | | | | ACTION REQUESTED OF COUNCIL: At the end of the discussion, the Vail Town Council will be asked to provide direction to the Town staff as to which, if any, of the proposed approaches best serves the interest of the greater Vail community.
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| | | | | | | | BACKGROUND: The Vail Town Council has expressed its intent to sell the Town's interest in Parcel D of the Chamonix Vail Neighborhood. Proceeds from the sale of the Parcel could be applied to recoup a portion of the nearly $4M financial subsidy granted to the development of the Chamonix Vail Neighborhood. In order to effectively sell the Parcel, certain determinations regarding the sales approach must first be decided.
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| | | | | | | | STAFF RECOMMENDATION: The Town staff recommends the Vail Town Council discussion and consider the four options outlined in the staff memorandum and provide direction as to which, if any, of the options the Town Council supports the staff in pursuing.
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