| | | | | | | | VAIL TOWN COUNCIL AGENDA MEMO
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| | | | | | | | ITEM/TOPIC: Resolution No. 5, Series of 2018, A Resolution of the Vail Town Council Approving an Amendment to the Development Agreement for Solar Vail.
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| | | | | | | | PRESENTER(S): George Ruther, Director of Community Development
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| | | | | | | | ACTION REQUESTED OF COUNCIL: Approve, Approve with Modifications or Deny Resolution No. 5, Series of 2018
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| | | | | | | | BACKGROUND: On October 25, 2017 the Vail Town Council approved Resolution No. 35, Series of 2017, a resolution approving a development agreement between the Town of Vail, the Vail Local Housing Authority and Sonnenalp Properties, Inc (the "Parties"). Due to proposed changes to the method of construction of the new apartment building, the Parties mutually agree to amend the development agreement. The amendments adjust the completion dates of various obligations of the Parties but do not change the overall scope of improvements or responsibilities of the Parties.
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| | | | | | | | STAFF RECOMMENDATION: The Community Development Department recommends the Vail Town Council approves Resolution No. 5, Series of 2018, as read.
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