Snowmass Village, Colorado: Base Village Update
Related Colorado’s application to extend its development rights in Snowmass Base Village is close to passing its first test.
The Snowmass Village Planning Commission did not come to a vote Wednesday on its recommendation to the Town Council on the application, but it did work through the details of it and agreed on the big question — whether to extend vesting, which is set to expire Nov. 3 otherwise.
The board members agreed that Related’s vesting rights initially should be extended by four years with an automatic extension after one year, a compromise the developer proposed at the meeting. Related originally applied on July 1 to extend vesting by five years, but the town’s Community Development Department recommended that the rights initially only be extended by three years, with an automatic extension if the developer completed certain improvements by the dates agreed upon.
That recommendation was based on a section of the town’s municipal code that says the Town Council can grant vesting for a three-year period but can approve a longer timeframe if it can show that it weighed the interests of both the public and the developer.
However, Planning Commission member David Rachofsky had a different interpretation of that rule. Because the council would be considering an extension to vesting, it would be approving a period longer than three years anyway, he said, and the council should have to make those findings either way.
Read More of the Article: http://www.aspentimes.com/news/12323013-113/council-related-town-vesting