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TC Packet 03-24-2026 REV 2_____________________________________________________________________________________ MEETING AGENDAS AND PACKETS ARE FOUND AT: WWW.AVON.ORG MEETING NOTICES ARE POSTED AT AVON TOWN HALL, AVON RECREATION CENTER, AVON ELEMENTARY AND AVON PUBLIC LIBRARY INDIVIDUALS WITH DISABILITIES ARE ENCOURAGED TO PARTICIPATE IN ALL PUBLIC MEETINGS SPONSORED BY THE TOWN OF AVON. IF YOU REQUIRE A DISABILITY ACCOMMODATION, PLEASE CONTACT THE TOWN CLERK, MIGUEL JAUREGUI CASANUEVA, AT 970-748-4001 OR MJAUREGUI@AVON.ORG WITH YOUR REQUEST. REQUESTS SHOULD BE MADE AS SOON AS POSSIBLE BUT NO LATER THAN 72 HOURS BEFORE THE SCHEDULED PUBLIC EVENT. AVON TOWN COUNCIL MEETING AGENDA TUESDAY, March 24, 2026 – Packet Updated 3/23/2026 MEETING BEGINS AT 5:00 PM Hybrid meeting; in-person at Avon Town Hall, 100 Mikaela Way or virtually through Zoom, Zoom registration is on the header at Avon.org AVON LIQUOR LICENSING AUTHORITY MEETING BEGINS AT 5:00 PM (See Agenda on page 3) AVON TOWN COUNCIL PUBLIC MEETING BEGINS AT 5:05 PM 1. CALL TO ORDER AND ROLL CALL 2. APPROVAL OF AGENDA 3. DISCLOSURE OF ANY CONFLICTS OF INTEREST RELATED TO AGENDA ITEMS 4. PUBLIC COMMENT – COMMENTS ARE WELCOME ON ITEMS NOT LISTED ON THE FOLLOWING AGENDA Public comments are limited to three (3) minutes. The speaker may be given one (1) additional minute subject to Council approval. 5. CONSENT AGENDA 5.1. Approval of February 24, 2026 Regular Council Meeting Minutes (Town Clerk Miguel Jauregui Casanueva) 5.2. Approval of March 10, 2026 Regular Council Meeting Minutes (Town Clerk Miguel Jauregui Casanueva) 6. BUSINESS ITEMS 6.1. ACTION: Parking Management in Avon (Town Manager Eric Heil) 6.2. PRESENTATION: Shop with a Cop Community Awards (Chief of Police Greg Daly) 6.3. PUBLIC HEARING (QUASI-JUDICIAL): ORDINANCE 26-02, Second Reading: PUD23002 | VPR23001 Village at Avon PUD Amendment & Vested Rights Extension (Community Development Director Matt Pielsticker) 6.4. ACTION: Pause the Avon Recreation Center Aquatic Refurbishment Project (Town Manager Eric Heil) 7. WRITTEN REPORTS 7.1. March 9th Planning & Zoning Commission Abstract (Development Coordinator Emily Block) 8. MAYOR AND COUNCIL COMMENTS & MEETING UPDATES 9. ADJOURN Public Comments: Council agendas shall include a general item labeled “Public Comment” near the beginning of all Council meetings. Members of the public who wish to provide comments to Council greater than three minutes are encouraged to schedule time in advance on the agenda and to provide written comments and other appropriate materials to the Council in advance of the Council meeting. The Mayor shall permit public comments during any agenda item and may limit public comment to three minutes per individual, which limitation may be waived or increased by a majority of the quorum present. The timer for public comment shall begin promptly after the speaker states their name and place of residence. Article VIII. Public Comments, Avon Town Council Simplified Rules of Order, Amended and Readopted by Resolution No. 24-17. AVON LIQUOR LICENSING AUTHORITY MEETING AGENDA TUESDAY, MARCH 24, 2026 MEETING BEGINS AT 5:00 PM Hybrid meeting; in-person at Avon Town Hall or virtually through Zoom 1. CALL TO ORDER AND ROLL CALL 2. APPROVAL OF AGENDA 3. DISCLOSURE OF ANY CONFLICTS OF INTEREST RELATED TO AGENDA ITEMS 4. PUBLIC COMMENT – Comments Are Welcome on Items Not Listed on the Following Agenda . An initial three (3) minute limit allotted to each person wishing to speak. Speakers may also request up to one (1) additional minute at the end of the three (3) minutes to complete their public comment , which may be approved by majority of the Authority. 5. PUBLIC HEARING (QUASI-JUDICIAL) FOR A SPECIAL EVENTS LIQUOR PERMIT 5.1. APPLICANT NAME: WALKING MOUNTAINS EVENT: COMMUNITY WATER PANEL DATE AND TIME: 5:30 P.M. – 8:00 P.M. ON APRIL 14, 2026 LOCATION: 318 WALKING MOUNTAINS LANE TYPE: SPECIAL EVENT PERMIT MANAGER: HANNAH REMKE 6. APPROVAL OF THE MINUTES – February 10, 2026 (Authority Secretary Miguel Jauregui Casanueva) 7. WRITTEN REPORT 7.1. Report on Recent Administrative Approvals (Authority Deputy Secretary Brenda Torres) 8. ADJOURNMENT 970-748-4022 btorres@avon.org TO: Avon Liquor Licensing Authority FROM: Brenda Torres, Deputy Town Clerk | Liquor Licensing Authority Deputy Secretary RE: PUBLIC HEARING (Quasi-Judicial) for Special Event Permit Application – Community Water Panel DATE: March 11, 2026 SUMMARY: Walking Mountains, as the Applicant, is applying for malt, vinous, spirituous liquor permit to serve/sell beverages at the Community Water Panel special event on April 14, 2026. The Applicant has submitted materials required by the State of Colorado Liquor Enforcement Division and all materials are in order. Documents are on file in the Town Clerk’s office. The 318 Walking Mountains Lane premises have been posted with notice of the public hearing for this application, and no public comments were received. The event manager will be present to answer questions about the application and the event. The Applicant has adequate proof of commercial liability insurance t hat meets Town requirements and has obtained any other permit needed for this event. Background checks show no previous failure by the Applicant to comply with Special Event Permit laws and fewer than 15 special event permits issued to the Applicant this calendar year. BACKGROUND: Special events permits are issued by the Local Licensing Authority to allow particular types of organizations, municipalities, and political candidates to sell, serve or distribute alcohol beverages in connection with public events. Avon has adopted the local option whereby applications are made directly to the Avon Local Licensing Authority. Special event permits may only be issued for prescribed hours on a single day. An entity may receive a maximum of 15 special event permits per calendar yea r. There is no required finding for the issuance of a special event permit. Section 44-5-106, C.R.S., states the grounds for denial of a special event permit application as follows: “The state or local authority may deny the issuance of a special event permit upon the grounds that the issuance would be injurious to the public welfare because of the nature of the special event, its location within the community, or the failure of the applicant in a past special event to conduct the event in compliance with applicable laws.” ACTION BEFORE THE LOCAL LIQUOR LICENSING AUTHORITY: The Town Council, acting as the Local Liquor Licensing Authority, will consider a Special Events Permit Application for the upcoming Community Water Panel special event. A public hearing is required before final action is taken. Applicant Name: Walking Mountains Event Name: Community Water Panel Event Date: April 14, 2026 5:30 p.m. – 8:00 p.m. Location: 318 Walking Mountains Lane Event Manager: Hannah Remke Permit Type: Special Events Permit -Malt, Vinous & Spirituous Liquor Page 2 of 2 PROPOSED MOTION: “I move to approve (or deny based upon statutory grounds for denial) the Special Events Permit application for the Community Water Panel special event on April 14, 2026 from 5:30 p.m. to 8:00 p.m.” Thank you, Brenda SPECIAL EVENTS PERMIT APPLICATION ATTACHMENTS: The Applicant for the special event permit has submitted the following materials: ✓ Attachment A: Application for a Special Event Permit (State form DR 8439) ✓ Attachment B: Alcohol Management Plan ✓ Attachment C: Diagram ATTACHMENT A ATTACHMENT B ATTACHMENT C AVON LOCAL LIQUOR LICENSING AUTHORITY MEETING MINUTES TUESDAY, FEBRUARY 10, 2026 HYBRID MEETING; IN-PERSON AT AVON TOWN HALL OR VIRTUALLY THROUGH ZOOM Page 1 1. CALL TO ORDER AND ROLL CALL The Avon Local Liquor Licensing Authority Board Meeting was hosted in a hybrid format, in-person at Avon Town Hall and virtually via Zoom.us. Chair Tamra N. Underwood called the February 10, 2026, Avon Local Liquor Licensing Authority Board Meeting to order at 5:00 p.m. A roll call was taken, and Board Members present in person were Chico Thuon, Gary Brooks, Ruth Stanley, Lindsay Hardy, Kevin Hyatt, Vice-Chair Richard Carroll, and Chair Tamra N. Underwood. They were joined in person by Town Manager Eric Heil, Deputy Town Manager Patty McKenny, Chief Administrative Officer Ineke de Jong, Town Attorney Nina P. Williams, Board Secretary Miguel Jauregui Casanueva, and Board Deputy Secretary Brenda Torres. 2. APPROVAL OF AGENDA Video Start Time: 00:00:27 Chair Underwood initiated the agenda approval process. Board Member Stanley moved to approve the Liquor Licensing Authority agenda as presented, and Board Member Hardy seconded the motion. The motion passed unanimously, 7-0. 3. DISCLOSURE OF ANY CONFLICTS OF INTEREST RELATED TO AGENDA ITEMS Video Start Time: 00:00:45 Chair Underwood inquired whether any Board members had conflicts of interest related to the Agenda and no conflicts were disclosed. 4. PUBLIC COMMENT – COMMENTS ARE WELCOME ON ITEMS NOT LISTED ON THE FOLLOWING AGENDA Video Start Time: 00:01:03 Chair Underwood explained that public comment may be provided in person, via Zoom audio or video, by telephone, or by email. She noted that the public comment period is reserved for items not listed on the agenda and that comments are limited to three minutes per speaker. She then asked whether any public comment was offered by those present in the room or participating virtually. No public comment was received. 5. PUBLIC HEARING (QUASI-JUDICIAL) FOR RENEWAL Video Start Time: 00:01:42 5.1. Applicant: Pho 20 LLC d/b/a Pho 20 Location: 47 Beaver Creek Blvd Units #C13 & C14 Type: Hotel & Restaurant (City) Manager: Cong Hoang Deputy Secretary Brenda Torres presented the findings related to the renewal application and noted that a violation had occurred within the twelve months preceding the renewal. Secretary Jauregui Casanueva presented an overview of the renewal application, including a timeline of the violation that occurred on May 15, 2025, when the applicant failed to verify that a purchaser was at least 21 years of age and sold a 12-ounce bottle of Modelo to a 19-year-old Liquor Enforcement Division underage operative. He also summarized the related stipulation, fine, and sanctions. Pho 20 Manager Cong Hoang attended in person and responded to questions from the Board. He explained that the establishment has implemented additional age-verification signage, including two metal placards stating “Please be prepared to show ID—no one under 21 will be served,” and signage at the register stating “Age 21 today’s date: 2005” to assist staff in verifying identification. Mr. Hoang presented examples of the new signage to the Board. AVON LOCAL LIQUOR LICENSING AUTHORITY MEETING MINUTES TUESDAY, FEBRUARY 10, 2026 HYBRID MEETING; IN-PERSON AT AVON TOWN HALL OR VIRTUALLY THROUGH ZOOM Page 2 Chair Underwood opened the public hearing; no public comment was received, either in person or virtually. Board Member Thuon moved to approve the application, seconded by Vice-Chair Carroll. The motion passed unanimously, 7-0. 5.2. Applicant: Nozawafusion Inc d/b/a Fuji Mt Sushi & Hibachi Location: 240 Chapel Place Units #B115 & B116 Type: Hotel & Restaurant (City) Manager: Vicky Lin Deputy Secretary Brenda Torres presented the findings related to the application for a new liquor license. Secretary Jauregui Casanueva presented an overview of the application, including a timeline noting that any approval of the new license would become effective on February 12, 2026. Fuji Mt. Sushi & Hibachi Manager Vicky Lin attended in person and responded to questions from the Board at the podium. She described the challenges of operating the restaurant without a liquor license and expressed her hope that the application would be approved. Chair Underwood opened the public hearing; no public comment was received, either in person or virtually. Board Member Thuon moved to approve the application, seconded by Board Member Hardy. The motion passed unanimously, 7‑0. 6. APPROVAL OF THE MINUTES FROM THE JANUARY 13, 2026 MEETING Video Start Time: 00:22:25 Vice-Chair Carroll moved to approve the minutes from Tuesday, January 13, 2026, as presented. Board Member Hardy seconded the motion. The motion passed unanimously, 7-0. 7. WRITTEN REPORT 7.1. Report on Recent Administrative Approvals (Deputy Secretary Brenda Torres) Chair Underwood acknowledged receipt of the report and thanked Deputy Secretary Torres for the information provided. 8. ADJOURNMENT The Avon Liquor Licensing Authority Meeting adjourned at 5:23 p.m. These minutes are only a summary of the proceedings of the Local Liquor Licensing Authority meeting. They are not intended to be comprehensive or to include each statement, person speaking or to portray with complete accuracy. The most accurate records of the meeting are the audio of the meeting, which is housed in the Town Clerk' s office, and the video of the meeting, which is available at www.highfivemedia.org. RESPECTFULLY SUBMITTED: ____________________________________________ Miguel Jauregui Casanueva, Liquor Authority Secretary APPROVED: Tamra N. Underwood ___________________________________ (970) 748-4022 btorres@avon.org AVON LIQUOR LICENSING AUTHORITY WRITTEN REPORT To: Avon Liquor Licensing Authority From: Brenda Torres, Deputy Town Clerk | Liquor Licensing Authority Deputy Secretary Date: March 12, 2026 Topic: REPORT ON RECENT LIQUOR LICENSE ADMINISTRATIVE APPROVALS SUMMARY: The Town’s local liquor licensing regulations allow for administrative review and approval of routine liquor license applications, including: (1) Renewals, (2) Modification of Ownership, (3) Modification of Managers, and (4) Special Event Permits for events already approved by the Town Council. Requirements for administrative approval include that the application is complete, there is no new criminal activity on the background check and there are no liquor code violations during the last year. Renewals require notice to be posted for seven days, and Special Event Permits for ten days and require the Town Clerk’s Office to accept comments and/or requests for a public hearing before the Avon Liquor Licensing Authority. In all cases, the Deputy Town Clerk has the discretion to refer the application to the Avon Liquor Licensing Authority. The Deputy Town Clerk | Liquor Licensing Authority Deputy Secretary is required to report administrative approvals, which is the reason for this written report. Dating back to February 10, 2026, the Town has received 1 renewal application that has met all the requirements for administrative review and approval and was ultimately approved by the Deputy Town Clerk | Liquor Licensing Authority Deputy Secretary. No comments, complaints, or request for hearings were received. It is as follows: Renewals: Applicant: Fiesta Jalisco Numero Tres LLC d/b/a Fiesta Jalisco Location: 240 Chapel Place #B12 Type: Hotel & Restaurant (City) Manager: Jose Rodriguez Thanks, Brenda AVON REGULAR MEETING MINUTES TUESDAY FEBRUARY 24, 2026 HYBRID MEETING; IN-PERSON AT AVON TOWN HALL AND VIRTUALLY THROUGH ZOOM 1 1. CALL TO ORDER AND ROLL CALL The meeting was held in a hybrid format, in person at Avon Town Hall and virtually via Zoom. Mayor Tamra N. Underwood called the Regular Council Meeting of February 24, 2026, to order at 5:00 p.m. At rollcall, Councilors present in person were Chico Thuon, Ruth Stanley, Lindsay Hardy, Kevin Hyatt, Mayor Pro Tem Richard Carroll, and Mayor Tamra N. Underwood. Councilor Gary Brooks attended virtually. Also present were Town Manager Eric Heil, Deputy Town Manager Patty McKenny, Town Attorney Nina Williams, Town Clerk Miguel Jauregui Casanueva, Finance Director Paul Redmond, Recreation Director Michael Labagh, Engineering Director Eva Wilson, Community Development Director Matt Pielsticker, IT Director Andrew Bare, and Police Chief Greg Daly. 2. APPROVAL OF AGENDA Video Start Time: 00:01:10 Mayor Underwood opened consideration of the Agenda. Mayor Pro Tem Carroll moved to approve the agenda as presented. Councilor Hardy seconded the motion. The motion passed unanimously, 7–0. 3. DISCLOSURE OF ANY CONFLICTS OF INTEREST RELATED TO AGENDA ITEMS Video Start Time: 00:02:50 Mayor Underwood asked whether there were any conflicts of interest related to agenda items. None were disclosed. Mayor Underwood noted that, although not a conflict, she received mailed notice of the public hearing for Item 5.1 as a resident within 300 feet of the subject property. 4. PUBLIC COMMENT Video Start Time: 00:03:30 Mayor Underwood explained the public comment process, noting that comments could be provided in person, via Zoom, by telephone, or by email. Public comment was limited to items not listed on the agenda, with a three‑minute time limit per speaker and an additional minute at Council’s discretion. Jason Boston, an Eagle County resident, addressed Council in person, announced his candidacy for Eagle County Sheriff, and provided his professional background. Tim McMahon, an Eagle County resident, attempted to provide public comment but was unable to due to technical difficulties. No additional public comment was received in person or virtually. 5. CONSENT AGENDA Video Start Time: 00:09:15 Mayor Underwood introduced the Consent Agenda, which included: 5.1. ACTION: Approval of February 10, 2026, Regular Council Meeting Minutes (Town Clerk Miguel Jauregui Casanueva) 5.2. RESOLUTION 26-03: Approving 2026 Special Events for Administrative Approval (Chief Cultural Officer Danita Dempsey) 5.3. ACTION: Authorization to prepare Building Code Updates (Community Development Director Matt Pielsticker) Mayor Pro Tem Carroll moved to approve the Consent Agenda as modified to add to the scope of Building Code Updates consideration of Appendix D of the International Fire Code (within Item 5.3). Councilor Hyatt seconded the motion. The motion passed unanimously, 7–0. AVON REGULAR MEETING MINUTES TUESDAY FEBRUARY 24, 2026 HYBRID MEETING; IN-PERSON AT AVON TOWN HALL AND VIRTUALLY THROUGH ZOOM 2 6. BUSINESS ITEMS 6.1. PUBLIC HEARING (QUASI-JUDICIAL): ORDINANCE 26-02, First Reading: PUD23002 | VPR23001 Village at Avon PUD Amendment & Vested Rights Extension (Community Development Director Matt Pielsticker) Video Start Time: 00:13:00 Mayor Underwood reopened the public hearing on Ordinance 26‑02. Community Development Director Pielsticker presented an overview of the Village at Avon Planned Unit Development Amendment and Vested Property Rights Extension request. Council considered supplemental information and updates to the application, which represented the third Council public hearing and the fifth overall hearing including Planning and Zoning Commission review. Significant changes had occurred since the January 27, 2026, hearing. Application materials were included in the February 24, 2026, Council packet. Mayor Underwood directed the Town Clerk to republish the Council packet with a public comment addendum to include two written comments received after packet publication. Representatives for the applicant Traer Creek LLC, including Michael Lindholm, Marcus Lindholm, and Allison Kent, presented in person. Council had questions including regarding community housing, height reductions, development bonuses, short‑term rentals, engineering grades, fire code implications, water tank triggers, vested rights, and unit distribution. Mayor Underwood opened the public hearing to public comment. The following public comments were received: Kathleen Walsh, an Avon resident, addressed Council in person and stated that she had submitted a written letter. She acknowledged that the Town has worked hard but expressed concern that Traer Creek offered a half-acre conveyance in an effort to advance the amendment after 28 years. She stated that past development outcomes, including Home Depot and Walmart, did not reflect what was originally promised, and that anticipated changes had not materialized. She added that the Town remains responsible for employee housing, which she felt the applicant was taking credit for, and urged Council to deny the PUD amendment, stating that she did not believe it would provide a public benefit. Thomas Walsh, an Avon resident, addressed Council in person in opposition to the PUD amendment, stating that it should have been completed previously. He asserted that density was being rearranged rather than reduced and that the proposal did not reflect the original vision for the area. He spoke about trust, noting that the level of engagement observed at this hearing had not occurred previously, and stated that a half-acre conveyance was insufficient. He emphasized that community housing is an obligation rather than a gift and stated that the Town has other tools to shape growth. He asked Council to reject the amendment and hold the developer to prior commitments. AVON REGULAR MEETING MINUTES TUESDAY FEBRUARY 24, 2026 HYBRID MEETING; IN-PERSON AT AVON TOWN HALL AND VIRTUALLY THROUGH ZOOM 3 Amy Phillips, an Avon resident, addressed Council in person and thanked Council for explaining the complexity of the proposed water infrastructure. She stated that the Town is planning for significant density over the next 20 years, including multiple large developments that could more than double the Town’s footprint and visual impact. She encouraged Council to avoid repetitive high-density urban forms and to promote greater diversity of development on the valley floor. She stated that several aspects of the proposal represented steps in the right direction and noted that the Preserve area represents approximately one-third of Miller Ranch, or just under 300 units. She expressed general support for the Town’s current direction. Brent Dorfman addressed Council in person and stated that he is familiar with the developer. He expressed the view that the applicant had met the Town’s requests and that Council should give weight to staff’s analysis and recommendations. Graham Frank, an Eagle County resident and Frontgate owner, addressed Council in person and stated that Council and staff had thoroughly analyzed the application, including the numerous amendment items. He expressed support for development that involves balanced compromises and stated that, based on his review, the applicant had responded to Council and staff direction between application iterations. He acknowledged the public comments but stated that, in his experience, Town staff had conducted an exceptional review process and recommended approval based on negotiated tradeoffs. Bette Todd, an Avon resident, addressed Council virtually. She stated that height and density issues had been addressed to her satisfaction and asked how future PUD amendments would be handled if height changes were requested. She also stated that she believed the fire code issues had been resolved through a public process and expressed concern about amending the fire code without additional public input. No additional public comment was received in person or virtually. Following the close of public comment, Council entered deliberations on individual PUD Amendment items, the Vested Rights Extension request and discussed their review criteria. Height, density, community housing, short‑term rentals, and subdivision were among the Council’s review and discussion. Amendment Items 1–3 (re Community Housing): Council discussed review criteria (i), (ii), and (iii), with particular focus on height reductions and the community housing proposals. Mayor Pro Tem Carroll stated that review criteria (i)–(iii) were the most challenging but supported Amendment Items 1–3. Councilors Stanley, Thuon, Hyatt, and Brooks expressed support for Items 1–3, noting the proposed height reductions. Councilor Hardy supported Items 1 and 3 but opposed Item 2, stating that Lot CH-1 would be more appropriate for educational use rather than community housing. Mayor Underwood expressed support for reduced height and stated that in Item 1 further information was needed regarding affordability levels and price caps for deed‑restricted units in the Village at Avon. AVON REGULAR MEETING MINUTES TUESDAY FEBRUARY 24, 2026 HYBRID MEETING; IN-PERSON AT AVON TOWN HALL AND VIRTUALLY THROUGH ZOOM 4 Amendment Item 4 (re Development Bonus): After deliberation, Council respectively expressed that they were in favor of the development bonus amendment. Amendment Item 5 (re Short‑Term Rental Overlays): Council discussed short‑term rental limits, particularly within Planning Area A (PA‑A). Councilors Thuon and Stanley supported the proposal. Councilor Hyatt expressed concern regarding the STR cap in PA‑A. Councilor Hardy opposed the item, stating she did not support additional STR overlays beyond use‑by‑right allowances. Councilor Brooks expressed general support, noting many units function as condo‑hotels and supported limiting STRs in PA‑A. Mayor Pro Tem Carroll stated that STRs provide community benefit and supported the proposal. Mayor Underwood stated she sought balance and supported a more neighborhood‑oriented approach for PA‑A, suggesting a lower percentage cap or perhaps limited STR licenses within 250’ of the railroad tracks. Amendment Item 6 (re Engineered Grade): After deliberations, a majority of Council expressed they were in favor. Amendment Item 7: Request withdrawn by co-applicants prior to public meeting. Amendment Item 8 (re PA-A Height Increase): Councilors Hardy, Carroll, Stanley, Hyatt, Thuon, and Brooks expressed they were in favor of this amendment. Mayor Underwood opposed the item and requested further limitation related to the number of floors. Amendments 9, 10, 11, 12, 13 & 14: Request withdrawn by co-applicants prior to public meeting. Amendment Item 15 (re PA-J Front Setback): Council expressed unanimous support. Amendment Item 16 (re PA-J Height Increase): Councilors Hyatt, Brooks, Stanley, Carroll, Thuon, and Hardy expressed they were in favor of this Amendment, with a maximum of 5-stories. Mayor Underwood opposed the Amendment, citing concern with the proposed 60‑foot height on the east side of PA-J. Amendment Item 17: Request withdrawn by co-applicants prior to public meeting. Amendment Item added under number 19 (re Subdivision Review): Council expressed unanimous support. Mayor Underwood noted that the item had been raised during the public hearing but was not included in the original list of 18 amendment items and was deliberated prior to Amendment Item 18. At 8:57 p.m., Council recessed for a ten-minute break and resumed the meeting at 9:07 p.m. Amendment Item 18 (re Vested Rights Extension): Council deliberated on the proposed vested rights extension with discussion focused on the northern hillside water system infrastructure timing, trigger mechanisms, and performance‑based vesting. Councilors Thuon, Hardy, Hyatt, Stanley, and Brooks expressed support for the extension citing the phased development approach, clarification AVON REGULAR MEETING MINUTES TUESDAY FEBRUARY 24, 2026 HYBRID MEETING; IN-PERSON AT AVON TOWN HALL AND VIRTUALLY THROUGH ZOOM 5 regarding water infrastructure timing, and the importance of ensuring housing does not outpace infrastructure. Councilor Brooks emphasized the complexity and long lead times associated with water tank design and construction and supported the proposed 2039 funding commitment as an appropriate safeguard and trigger. Councilor Stanley supported the extension while suggesting the inclusion of interim benchmarks or progress reporting. Mayor Underwood supported an extension with performance vesting but raised the need for more nuanced trigger mechanisms beyond funding by 2039, including coordination with the Eagle River Water & Sanitation District and assurance to the Town of Avon related to access and easements for Planning Area J in order to access its East Avon Preserve. Mayor Pro Tem Carroll opposed the extension stating that the proposed trigger tied to a single future date lacked sufficient precision and refinement. Following discussion, Council expressed a 6–1 majority in support of the vested rights extension, subject to refinement of performance-based and infrastructure-related trigger mechanisms, with Mayor Pro Tem Carroll opposed. Mayor Pro Tem Carroll moved to approve Ordinance 26-02 on first reading and to schedule the second reading public hearing for March 24, 2026, with direction for the co-applicants to return with a revised proposal addressing Council’s concerns pending approval of a 30-day extension. The co- applicants formally consented to a 30-day extension through April. Councilor Hardy seconded the motion, which passed unanimously, 7–0. Mayor Pro Tem Carroll thanked staff and the applicant for their collaborative work and emphasized the importance of precise legal documentation. 6.2. ACTION: Approval of Ticketed Fall Bluegrass Music Festival (Chief Cultural Officer Danita Dempsey) Video Start Time: 04:15:20 Chief Cultural Officer Dempsey presented a proposal to host the Freefall Bluegrass Festival, a three‑day ticketed music festival, at Harry A. Nottingham Park and the Avon Pavilion on October 9– 11, 2026. Festival promoter Diane Moody joined the meeting virtually to answer questions. Staff outlined the proposed partnership, including $83,000 in direct Town support and approximately $12,100 in in-kind services. The Town would recover costs through bar revenue and a $5 per ticket per day Avon fee. The event is anticipated to draw more than 5,000 attendees per day. Council discussed event timing, logistics, sanitation, and community impacts. No public comment was received. Council expressed support for the event, noting the selected dates, pricing, and anticipated community benefits. Council unanimously directed staff to proceed with the festival. 7. WRITTEN REPORTS 7.1. January 20th Health & Recreation Committee Draft Meeting Minutes (recreation Director Michael Labagh) 7.2. February 2nd Joint DDA/CASE Committee Draft Meeting Minutes (Special Events Coordinator Emily Dennis) 7.3. Capital Improvement Plan 2025 Summary (Engineering Director Eva Wilson) AVON REGULAR MEETING MINUTES TUESDAY FEBRUARY 24, 2026 HYBRID MEETING; IN-PERSON AT AVON TOWN HALL AND VIRTUALLY THROUGH ZOOM 6 8. MAYOR AND COUNCIL COMMENTS & MEETING UPDATES Video Start Time: 04:29:10 Councilor Stanley reported on discussions regarding a forthcoming curbside composting program for Avon, anticipated to launch in March 2026 in partnership with regional waste service providers. Mayor Pro Tem Carroll reported on a February 11 CORE Transit meeting, noting system performance at approximately 99% efficiency. Mayor Underwood shared highlights from a Youth Power field trip held in Council Chambers and noted interest in scheduling a future event. 9. EXECUTIVE SESSION Video Start Time: 04:33:15 Mayor Underwood requested a motion from her fellow councilors to proceed into Executive Session. Councilor Hyatt motioned to retire into Executive Session: 9.1. For the purpose of the purchase and acquisition of real estate pursuant to CRS 24-6-402(4)(a) and for the purpose of determining negotiating positions, developing strategy for negotiations, and instructing negotiators pursuant to CRS 24-6-402(4)(e)(i) concerning a potential acquisition of property for Community Housing (Town Manager Eric Heil) Councilor Hardy seconded the motion, which carried unanimously with a 7-0 vote. The time was 09:45 p.m. At Executive Session roll call, all members of Council were present as indicated above except for Councilor Brooks who was absent. Also present were Town Manager Eric Heil, Deputy Town Manager Patty McKenny, and Town Attorney Nina Williams. The Executive Session commenced at 9:53 p.m. The Executive Session adjourned at 10:05 p.m. 10. ADJOURN There being no further business before Council, Mayor Underwood moved to adjourn the regular meeting. The time was 10:05 p.m. These minutes are only a summary of the proceedings of the meeting. They are not intended to be comprehensive or to include each statement, person speaking or to portray with complete accuracy. The most accurate records of the meeting are the audio of the meeting, which is housed in the Town Clerk' s office, and the video of the meeting, which is available at www.highfivemedia.org. RESPECTFULLY SUBMITTED: ________________________________ Miguel Jauregui Casanueva, Town Clerk APPROVED: Mayor Underwood ___________________________________ AVON REGULAR MEETING MINUTES TUESDAY MARCH 10, 2026 HYBRID MEETING; IN-PERSON AT AVON TOWN HALL AND VIRTUALLY THROUGH ZOOM 1 1. CALL TO ORDER AND ROLL CALL The meeting was held in a hybrid format, in person at Avon Town Hall and virtually via Zoom. Mayor Tamra N. Underwood called the Regular Council Meeting of March 10, 2026, to order at 5:00 p.m. At roll call, Councilors present in person were Chico Thuon, Gary Brooks, Ruth Stanley, Lindsay Hardy, Kevin Hyatt, Mayor Pro Tem Richard Carroll, and Mayor Tamra N. Underwood. Also present were Town Manager Eric Heil, Deputy Town Manager Patty McKenny, Chief Administrative Officer Ineke de Jong, Town Attorney Nina Williams, Town Clerk Miguel Jauregui Casanueva, Finance Director Paul Redmond, Recreation Director Michael Labagh, Engineering Director Eva Wilson, Community Development Director Matt Pielsticker, Planning Manager Jena Skinner, IT Director Andrew Bare, and Police Sergeant John Mackey. 2. APPROVAL OF AGENDA Video Start Time: 00:00:22 Mayor Underwood opened consideration of the Agenda. Mayor Underwood requested that the Minutes from February 24, 2026, Council Meeting be pulled from the agenda for further review and approval at the March 24, 2026, Council Meeting. Councilor Thuon moved to approve the agenda, as amended. Councilor Stanley seconded the motion. The motion passed unanimously, 7–0. 3. DISCLOSURE OF ANY CONFLICTS OF INTEREST RELATED TO AGENDA ITEMS Video Start Time: 00:01:15 Mayor Underwood asked whether there were any conflicts of interest related to agenda items. None were disclosed. 4. PUBLIC COMMENT Video Start Time: 00:01:35 Mayor Underwood explained the public comment process, noting that comments could be provided in person, via Zoom, by telephone, or by email. Public comment was limited to items not listed on the agenda, with a three‑minute time limit per speaker and an additional minute at Council’s discretion. Tim McMahon, an Avon resident, addressed Council in person. He stated that shortly after the installation of speed cameras in Avon, traffic appeared to slow; however, based on his observations, he does not believe this has remained the case and requested additional information regarding speeding in those areas. He also encouraged Council to consider hosting free concerts or other community activities during mud season to help keep residents connected, noting the importance of such efforts in furtherance of suicide prevention. Mr. McMahon further commented on the confusing condition of roadway striping along U.S. Highway 6 near the Eagle Bend Apartments and invited Council to drive the area to better understand the experience. No additional public comment was received in person or virtually. 5. CONSENT AGENDA Video Start Time: 00:04:50 Mayor Underwood introduced the Consent Agenda, which included: 5.1. ACTION: Approval of February 24, 2026 Regular Council Meeting Minutes (Town Clerk Miguel Jauregui Casanueva) This item was removed from the Consent Agenda for further review at the March 24, 2026, Council Meeting. AVON REGULAR MEETING MINUTES TUESDAY MARCH 10, 2026 HYBRID MEETING; IN-PERSON AT AVON TOWN HALL AND VIRTUALLY THROUGH ZOOM 2 5.2. ACTION: Development Plan Extension – Lot 3 – Stonebridge Hotel (Planning Manager Jena Skinner) 5.3. ACTION: Draft Letter of Support to Office of Sen. Bennet for Forest Resources Accountability Act (Chief Administrative Officer Ineke de Jong) Councilor Thuon moved to approve the Consent Agenda, as amended, to remove Consent Agenda Item 5.1. Councilor Hyatt seconded the motion. The motion passed unanimously, 7–0. 6. BUSINESS ITEMS 6.1. PRESENTATION: Water Shortage Response and Education (Eagle River Water Sanitation District Government and Public Relations Manager Lauren Snyder) Video Start Time: 00:05:20 Eagle River Water & Sanitation District (ERWSD) General Manager Siri Roman delivered a presentation, joined at the podium by Water Resources Manager Tim Friday, Water Conservation Manager David Norris, and Government Affairs Supervisor Brian Thompson. Mayor Underwood thanked the presenters for attending the meeting in person. Tim Friday discussed snowpack levels (snow water equivalent), reservoir conditions, and runoff timing, noting that peak outdoor irrigation demand typically coincides with the lowest river flows. He explained that while current reservoir levels are sufficient to help supplement water supplies this year, consecutive years of drought could pose challenges, making current conservation efforts critical to future water security. David Norris reviewed ERWSD’s tiered water pricing structure and presented data related to high water users in Avon. He explained the District’s five water shortage stages, noting that the District is currently in a preventive stage and that conservation actions taken this year will affect conditions in future years. He further explained that ERWSD utilizes a five‑tier increasing block rate structure, with lower tiers intended to cover essential indoor water use and progressively higher tiers designed to discourage excessive and discretionary outdoor water use. Tier 4 and Tier 5 customers, typically associated with high outdoor irrigation, may be subject to significantly higher rates and additional charges depending on declared water shortage stages. Mr. Norris noted that the District is aware of price insensitivity among some high‑use customers and is evaluating additional conservation tools, including potential outdoor water shutoffs during extreme drought conditions. Councilor Brooks suggested adding 2018 consumption data to the 2026 consumption and snowpack forecast to improve comparability. Later, Councilor Brooks referenced a pilot program aimed at replacing nonfunctional turf with water‑wise alternatives and suggested exploring collaboration with Mountain Star to implement water‑wise landscaping that reduces water use, saves costs, and supports pollinators. Brian Thompson requested collaboration with the Town on water‑related communications and asked for assistance strengthening enforcement of water scheduling regulations through civil infractions in the municipal code. He also suggested exploring maximum limits on cool‑season turf for residential properties and expressed interest in working with the Town to codify such regulations. AVON REGULAR MEETING MINUTES TUESDAY MARCH 10, 2026 HYBRID MEETING; IN-PERSON AT AVON TOWN HALL AND VIRTUALLY THROUGH ZOOM 3 Mayor Underwood asked Town Manager Eric Heil about the Town’s authority to regulate water use. Mr. Heil responded that under municipal law, the Town cannot impose fines beyond the general penalty. He noted that Avon is coordinating with the Town of Vail to pursue consistent regulations and intends to share findings with Eagle County, acknowledging that home rule municipalities have greater regulatory flexibility. Councilor Stanley shared a personal experience with a sprinkler malfunction the previous year and encouraged residents to monitor their water bills, including those on autopayment. At the Mayor’s request, David Norris described the Water Smart Program, which allows customers to monitor water use in real time, and discussed a pilot program involving meter upgrades that can restrict water flow. Councilor Stanley asked when ERWSD would return to present to Council; Mr. Norris responded that a follow‑up presentation would occur after the summer season. She also asked when the new water schedule would be released, and he stated it would be included with the May billing cycle. Mayor Underwood opened the floor to public comment. Margaret Pacienza, an Avon resident, spoke in person and asked whom to contact when water leaks or sprinkler malfunctions are observed in Town. She requested that a phone number be posted on the Town’s website. Mr. Norris responded that ERWSD will provide a complaint form on its website (erwsd.org) under the “Customer” or “My Water” tab and that concerns can also be reported through ERWSD Customer Service Department. He stated ERWSD would remain in contact with the Town regarding any reported leaks. No additional public comment was received in person or virtually. Mayor Underwood asked Town Manager Eric Heil whom the public should contact regarding observed water waste on public property. Mr. Heil advised that such reports would fall under Public Operations and that additional information would be provided. Planning Manager Jena Skinner addressed Council in person to discuss limitations on artificial turf in Avon and invited the public to engage with the Planning Department regarding turf replacement. Mayor Underwood opened the floor to public comment. Tim McMahon, an Avon resident, addressed Council in person to ask how renters could also be encouraged to conserve water. No additional public comment was received in person or virtually. Staff responded that conservation messaging will be distributed through multiple channels, including communications to homeowners’ associations and property managers, and through partnerships with CDOT using I‑70 variable message signs. As this item was a presentation to Council, no motion was requested, and Council provided feedback to ERWSD staff. AVON REGULAR MEETING MINUTES TUESDAY MARCH 10, 2026 HYBRID MEETING; IN-PERSON AT AVON TOWN HALL AND VIRTUALLY THROUGH ZOOM 4 6.2. PUBLIC HEARING (QUASI-JUDICIAL): MJR25003 | DEB25001 The Summit at Avon (Planning Manager Jena Skinner) Video Start Time: 00:56:56 Mayor Tamra N. Underwood re-opened the public hearing for The Summit at Avon (Lot B) and outlined the structure of the hearing, the anticipated timeline for potential action, and a summary of prior Council review. Planning Manager Jena Skinner introduced the continued quasi-judicial public hearing for the Major Development Plan and Development Bonus applications and presented an overview of the updated proposal for development within the Town Center. Ms. Skinner stated this was the third public hearing for the Major Development Plan and that revisions included updates to certain architectural treatments, adjustments related to parking for community housing units, revised proposed conditions, and consideration of a potential on-site car-sharing program. Ms. Skinner was joined at the podium by representatives of the applicant team, including Alan Simpson and Don Simpson of Grand Peaks Development; Andrew Lane of Zehren and Associates; and members of the project’s civil, engineering, and architectural design teams, including IMEG. Alan Simpson provided a presentation consistent with the applicant’s February 10, 2026 presentation and proceeded with additional updates. Andrew Lane presented updates regarding architectural elements since February 10, 2026. Ms. Skinner stated staff believed the updated proposal addressed Council feedback from the prior meeting and invited questions from Council. Council discussion included questions from Councilor Hardy regarding design details, including corbels and gables, and related rationale. Mayor Underwood invited Don Simpson to address the proposed car-sharing concept. Mr. Simpson described the concept as a potential pilot program and stated the applicant would consider subsidizing the program during an initial pilot period to evaluate usage and viability. Mayor Underwood asked Mr. Simpson to address why the applicant could not increase parking for the community housing component. Mr. Simpson stated that increasing parking for those units would reduce efficiency and impact the project’s overall parking ratios. He further referenced coordination with Vail Health regarding anticipated reliance on public transportation for deed-restricted units and stated that the original surface parking concept was developed through negotiations related to retail parking needs, including relocating certain spaces from the garage to surface parking. Mayor Underwood asked the applicant to clarify parking spaces described as ‘restored’ rather than newly constructed, including discussion regarding 11 spaces and the broader parking arrangement intended to provide a total of 80 spaces for Avon Center through reciprocal easements. Alan Simpson and Don Simpson provided additional clarification regarding the parking changes, including that certain spaces would be temporarily suspended during construction and reactivated upon completion as part of the parking arrangement. AVON REGULAR MEETING MINUTES TUESDAY MARCH 10, 2026 HYBRID MEETING; IN-PERSON AT AVON TOWN HALL AND VIRTUALLY THROUGH ZOOM 5 Mayor Underwood asked about the dwelling-unit configuration for the 16 community housing units anticipated for Town purchase (of 20 total community housing units). Mr. Simpson stated the specific unit configurations had not yet been determined. Mayor Underwood asked Ms. Skinner to summarize changes to the proposed conditions reflected in the packet (including revisions on pages 32–33). Ms. Skinner stated revisions included, among other items, updated language providing Town review/approval related to the mural. Mayor Underwood asked Town Manager Eric Heil about the timing and financing considerations for the Town’s purchase of 16 community housing units and other contemplated expenditures referenced in the staff packet. Mr. Heil stated staff had begun preliminary discussions with lenders and that timing would depend on project permitting and financing milestones. He stated staff anticipated greater clarity on financing later in 2026 and described the intent to structure the Town’s participation to protect the Town’s financial position, including through provisions in a development agreement. He also discussed that certain components could be eligible for tax-exempt financing. Mayor Underwood requested clarification regarding the timing and adoption of a parking management agreement between the properties. Mr. Heil stated the agreement had not yet been reviewed and anticipated it would be addressed later in the process, noting the Town’s interest in ensuring the agreement is functional. Councilor Hardy asked staff questions regarding parking ratios for comparable properties and the proposed project, including questions regarding employee/staff parking allocation. Staff responded that the proposal included 180 parking spaces for 164 residential units and that staff/employee parking allocation was limited. Councilor Hardy asked questions regarding the affordability metrics and requested rent estimates associated with 120% AMI; staff provided example rent figures. The applicant team presented updated project information and renderings and described challenges associated with developing the remaining undeveloped parcel in the Avon Town Center. Mayor Underwood opened the public hearing to public comment. Tim McMahon, an Avon resident, addressed Council in person. He stated that, in his view, the proposed rents did not appear affordable and questioned whether 120% AMI is an appropriate metric for local wages, particularly for single-income households. Brett Hooper, a local business owner, addressed Council. He stated that the proposed parking supply was insufficient and expressed concern that spillover parking could affect surrounding businesses and the Town Center. Ian Grask, an Avon resident, addressed Council. He stated that the discussed rent levels were high and expressed concern that AMI-based pricing would not produce housing affordable for local renters. AVON REGULAR MEETING MINUTES TUESDAY MARCH 10, 2026 HYBRID MEETING; IN-PERSON AT AVON TOWN HALL AND VIRTUALLY THROUGH ZOOM 6 Dan Griffith, an Avon resident, addressed Council and read comments into the record regarding the Avon Center Board’s authority and approval requirements under its governing documents. He stated that agreements affecting undivided interests in common elements would require approval by a supermajority of owners and expressed concern that the parking arrangement would reduce parking and property value for Avon Center owners. Ellen Crosby, an Avon resident, addressed Council. She stated that Avon Center owners were not opposed to development of Lot B, but expressed concern regarding loss of parking and disputed statements that Avon Center is overparked. Chris Doyle, an Avon businessowner, addressed Council. He stated that parking is a concern but encouraged a holistic approach to allow the project to proceed and expressed a desire for creative solutions to balance parking needs. Tony Emrick, an Avon resident, addressed Council on behalf of the Avon Center HOA Board. He stated that the agreement involves easements and that, in his view, it does not constitute a loss of land. He stated that the HOA had followed legal guidance and that the agreement is already in escrow. Tom Crosby, an Avon resident, addressed Council virtually. He provided background on parking entitlements and stated that, while he intended to address certain authorization concerns internally with Avon Center, he discouraged Council from approving the proposed parking plan. Rob Tartre, an Avon resident, addressed Council virtually. He expressed concerns regarding affordability and parking and stated disagreement with certain assertions regarding the reasons prior proposals did not proceed. He requested that the Town ensure Avon Center owners are appropriately included in decisions and approvals related to parking management arrangements. Margaret Pacienza, an Avon resident, addressed Council in person. She encouraged Council to approve the proposal and stated that the Town should pursue additional overflow parking solutions. No additional public comment was received in person or virtually. Don Simpson addressed Council in rebuttal. He stated that parking has been a principal challenge to developing the site and stated the applicant had worked with the Avon Center HOA and relied on legal review regarding authority to enter the parking arrangement. Council entered deliberations. Councilor Hardy expressed concerns regarding the lack of affordability at 120% AMI and the project’s parking impacts, including potential spillover parking and conflicts within the Avon Center Homeowners Association. She also raised concerns related to certain architectural and design elements, as well as proposed conditions, and stated that she did not support the proposal. AVON REGULAR MEETING MINUTES TUESDAY MARCH 10, 2026 HYBRID MEETING; IN-PERSON AT AVON TOWN HALL AND VIRTUALLY THROUGH ZOOM 7 Councilor Thuon stated that the parking issue is a civil matter between private parties and their association and expressed support for the project, noting that the applicant returned with revisions responsive to prior feedback. He expressed concern that if the project did not proceed, development could be delayed for an extended period and affirmed his support for the project. Councilor Hyatt stated that parking is a significant issue but expressed support for the proposal and characterized the parking arrangement as a positive development after many years. He stated he supported the project. Councilor Brooks discussed parking trends and code updates and discussed the AMI reference point. He encouraged the Town to continue pursuing options to provide units at 100% AMI and stated support for the proposal’s public benefit components and development bonus. Councilor Stanley expressed support for the project overall and stated parking remained her primary concern. She requested clarification regarding how parking would operate. Don Simpson stated that residents would have the ability to rent assigned spaces, that management of the Avon Center spaces would be determined by Avon Center, and that any unrented spaces could be used for guest or occupant parking. Mayor Pro Tem Carroll thanked staff, the applicant, and the public. He stated the site is complex and indicated that, while he believed review criteria had been met, he remained concerned about parking and affordability and encouraged continued efforts to improve affordability. He stated his support. Mayor Underwood requested that Town Attorney Nina Williams address, based on public comment, measures to reduce the risk of the Town becoming involved in private litigation related to Avon Center. Mayor Underwood expressed concerns regarding affordability at 120% AMI and the Town’s contemplated financial participation and suggested exploring a lower AMI target with a potentially adjusted unit count while maintaining the Town’s investment cap. She also requested additional concessions related to parking, including no-cost parking for deed-restricted units, a car-sharing pilot program with a minimum duration of five years, preservation of Bob’s Place patio, and revisions to certain proposed conditions and public benefit elements. Councilor Brooks suggested staff explore additional surface parking opportunities, including potential partnerships, as an interim strategy until a structured parking solution is feasible. Mayor Pro Tem Carroll summarized the following additional conditions discussed during Council deliberations and identified as consensus direction from Council: • Explore a housing affordability target of 100% AMI or lower, with a potentially reduced unit count, while maintaining a Town investment cap of $4,000,000. • Provide no-cost parking for deed-restricted units. • Prepare a development agreement by August 31, 2026. Councilor Thuon moved to approve MJR25003 | DEB25001, The Summit at Avon, based on the proposed findings and with the additional conditions summarized by Mayor Pro Tem Carroll. AVON REGULAR MEETING MINUTES TUESDAY MARCH 10, 2026 HYBRID MEETING; IN-PERSON AT AVON TOWN HALL AND VIRTUALLY THROUGH ZOOM 8 Councilor Hyatt seconded the motion. The motion passed by a 6–1 vote, with Councilor Hardy voting nay. 7. WRITTEN REPORTS 7.1. February 23rd Planning & Zoning Commission Meeting Minutes (Development Coordinator Emily Block) 7.2. Bi-Monthly Sustainability Update (Sustainability Manager Charlotte Lin) 8. MAYOR AND COUNCIL COMMENTS & MEETING UPDATES Video Start Time: 03:50:10 Mayor Pro Tem Carroll invited the public to attend the CORE Transit meeting scheduled for the following day or to watch the meeting on High Five Access Media. Councilor Brooks reminded the public of the upcoming Eagle River Coalition Community Pride Highway Cleanup event and encouraged participation through the organization’s website, noting that reduced snow cover has made litter more visible throughout Town. Town Manager Eric Heil added that Public Works Director Mike Jackson and his team had already begun cleanup efforts earlier that day. Councilor Brooks also congratulated Sustainability Manager Charlotte Lin on her written report, which Mayor Underwood likewise acknowledged and commented on its length. Councilor Hardy announced that the final showing of the Walking Mountains Sustainable Film Series for the season is scheduled for April 7, 2026, noting that the series focuses annually on climate and environmental topics, and invited Council and the public to attend. She also stated that the Vail Valley Partnership hosted an event in Avon the previous month and described the organization’s efforts to bring businesses and community members together. Councilor Hardy invited Council and the public to attend the next Vail Valley Partnership mixer scheduled for March 18 in Eagle Vail. Mayor Underwood noted that CDOT was working on traffic signal improvements and requested an update at the March 24, 2026, Council Meeting, to include review of the Village at Avon Development Agreement. She stated that the meeting packet is anticipated to be available by the end of the week, approximately one week in advance of the meeting, to allow Council and the public additional time for review. Councilor Hardy reminded Council to avoid ex-parte communications and noted that public comment should be provided in writing by email to Council or in person during the meeting. 9. ADJOURN There being no further business before Council, Mayor Underwood moved to adjourn the regular meeting. The time was 08:57 p.m. These minutes are only a summary of the proceedings of the meeting. They are not intended to be comprehensive or to include each statement, person speaking or to portray with complete accuracy. The most accurate records of the meeting are the audio of the meeting, which is housed in the Town Clerk' s office, and the video of the meeting, which is available at www.highfivemedia.org. AVON REGULAR MEETING MINUTES TUESDAY MARCH 10, 2026 HYBRID MEETING; IN-PERSON AT AVON TOWN HALL AND VIRTUALLY THROUGH ZOOM 9 RESPECTFULLY SUBMITTED: ________________________________ Miguel Jauregui Casanueva, Town Clerk APPROVED: Mayor Underwood ___________________________________ 970.748.4004 eric@avon.org TO: Honorable Mayor Tamra N. Underwood and Council members FROM: Eric Heil, Town Manager RE: Avon and Hoffman Commercial Parking DATE: March 12, 2026 SUMMARY: This report provides an update on parking management and a request to discontinue paid parking on Town of Avon streets when Beaver Creek ski area is not open. Council considered 2nd reading of Ordinance 25-18 Parking Regulations on Private Property at its February 10, 2026 Council meeting. Council continued 2nd Reading of Ordinance 25-18 to April 14, 2026 and directed Staff to explore alternative approaches to parking management that better responded to the numerous concerns and complaints expressed about current parking management. PARKING MANAGEMENT ALTERNATIVES: Staff discussed parking management with representatives of Hoffman Commercial, specifically discussing discontinuing paid parking when Beaver Creek ski area is not open and discussing reduction of the fine for violation of private parking rules. Hoffman Commercial consulted with their parking enforcement company, PRRS, and recently announced to their tenants that paid parking would be discontinued when Beaver Creek ski area was not open and that the fine for violation of private parking regulations would be reduced to $30. The message to Hoffman Commercial tenants is reprinted below: To Our Avon Tenants: You may have seen recent headlines regarding parking in Avon, and we wanted to share an update. Hoffmann Commercial Real Estate remains committed to being a responsible steward and collaborative partner to the Avon community. After listening to feedback from tenants, residents, visitors, and local businesses, we have worked with PRRS—the third-party parking enforcement provider—to significantly reduce parking penalties at our Avon properties, effective immediately. When the Town of Avon introduced new parking measures in 2023, we aligned with those guidelines, with the primary goal of protecting our tenants from overflow parking during peak ski season. However, when the Town’s implementation timeline shifted, it created an unintended mismatch and contributed to community frustration—something we never intended. Our focus has always been to ensure accessible parking for the businesses operating within our buildings. After extensive discussions and at our request, we have reached an agreement with PRRS to lower penalties to $30 (down from $87) and to introduce free summer parking during the off-season months of April through November at HCRE properties. Please note that vehicle registration requirements will remain in place year-round to ensure the safety and security of our tenants and visitors. We value local input and appreciate the community’s engagement. Your feedback is essential in helping us improve and adapt. Wishing you a wonderful weekend ahead. Page 2 of 2 Hoffmann Commercial Real Estate AVON PARKING MANAGEMENT: The discussion with Hoffman Commercial included both Town of Avon and Hoffman Commercial discontinuing paid parking when Beaver Creek ski area is not open. Discontinuation of parking on town streets would include East Benchmark Road, Benchmark Road, Lake Street, West Beaver Creek Boulevard. Parking at Parking management would continue under the current terms for the Avon Recreation Center, Town Hall parking lot, Avon Library parking and the Lot 16 parking on the north side of Harry A. Nottingham Park. The old Town Hall parking area is planned to continue as free parking and the Avon Elementary School would continue as a free parking during off-school hours. RECOMMENDATION: Based on Council direction, public sentiment and discussions with Council direction to approve a change to Avon’s parking management plan to discontinue paid parking on Town of Avon streets as described above. If approved by Council then we will remove the current paid parking signs on Town of Avon streets promptly after the Beaver Creek ski area closes on April 12, 2026 and we will install signs with appropriate language to indicate free parking during the summer and that overnight parking is not allowed. ORDINANCE 25-18: Updates to private parking regulations and signage content is still relevant and will be considered by Council on April 14, 2026, the continued date for 2nd Reading. PROPOSED MOTION: “I move to direct Staff to adjust Avon’s Parking Management Plan to discontinue paid parking on Town of Avon streets when the Beaver Creek ski area is not open.” Thank you, Eric (970) 748-4040 gdaly@avon.org TO: Honorable Mayor Underwood and Avon Town Council members FROM: Greg Daly, Chief of Police RE: Avon Police Department Chiefs Community Partnership Awards for the 2025 “Shop with a Cop” DATE: March 24, 2026 SUMMARY Honorable Mayor and Council, it is with great pleasure that we present the Chiefs Community Partnership Awards to community members, organizations, and businesses in recognition of their outstanding support of our annual “Shop with a Cop” event, held on December 9, 2025. BACKGROUND The Avon Police Department has a longstanding tradition of participating in the “Shop with a Cop” program alongside partner law enforcement agencies. In 2020, due to the COVID -19 pandemic, and subsequently in 2021, we adjusted our approach to focus exclusively on children from the Avon community. These children are thoughtfully selected by Principal Dana Harrison and her dedicated staff at Avon Elementary School. Meanwhile, our partner agencies, including Vail Police Department, Eagle Police Department, Eag le County Sheriff's Office, and the Colorado State Patrol, have continued their own separate events within their respective jurisdictions. Concentrating our efforts locally has allowed us to provide a more personal and meaningful experience for our Avon children. “Shop with a Cop” is a remarkable community initiative that not only brings joy to Avon Elementary children and their families but also serves as a platform for building trust and strengthening relationships between our community and the dedicated officers committed to serving and protecting it. Organizing this event requires collaboration from numerous partners, led this year by School Resource Officer (“SRO”) Rio Burgess. SRO Burgess and his team successfully raised over $15,000 in donations and in-kind services from community members. Additionally, he coordinated transportation with Avon Transit/Mobility and collaborated closely with Principal Dana Harrison and her staff at Avon Elementary School. The Avon Town Council generously allocated $5,000 through the police department budget to support the event. On the day of the event, forty-seven children from Avon Elementary School were transported by Avon Transit, accompanied by members of the Avon Police Department, volunteers, Eagle County Paramedics, Eagle County School District employees, and Eagle River Fire’s Avon Engine 7. Each child was given $125 to spend on gifts for their families—and a gentle reminder to choose a special gift for themselves. Following their shopping experience, everyone gathered at the Eagle River Fire Station 7 Apparatus Bays to wrap gifts, enjoy a delicious meal, and share in the joy of a surprise visit from Santa Claus. The meal was generously provided by Pazzo’s Pizza, Gondola Pizza, City Market, Avon Bakery, and Costco, with drinks from Starbucks and desserts once again donated by Foods of Vail and North Side Kitchen. As an additional gesture of support, each family received a card containing a $125 gift card to City Market as well as gift card from R Farmers Market, to assist with their holiday meal. Page 2 of 2 The success of our “Shop with a Cop” event is a testament to the generous spirit of our local businesses, organizations, and community members. This evening, Chief Daly, SRO Burgess, and the Avon Police Department are proud to recognize the following individuals and organizations for their continued support and significant contributions: Financial Donations • Vail Valley Cares • Brian Mingham and Family • Colorado Rangers • Maverick Flooring • Ruggs Benedict • P. Furniture Design • Holy Cross • Master Painting/ Carlos Garden - Jr. • Avon Liquor • Paul J Wade and Cristin • Patty and Allen Peterson • Connie and Miles Carson • Warehouse Wine and Liquor • Robert Plas & Karin De Gier • Nest Furnishing • Peter & Deb Wasko • Ticino Italian • Avon Barber Shop • Helen Burton • Beck Builds Donations in Kind • Walmart Staff • Pazzos Pizza • Gondola pizza • Costco • Bob's Place • Home Depot • Starbucks • City Market Avon • Avon Bakery • Foods of Vail • North Side Kitchen • Burger King • Salvation Army • R Farmers Market • Pixie Peaks Face Painting Volunteers • Eagle River Fire Protection District for volunteering and hosting • Avon Elementary School staff • Town of Avon Staff- Human Resources, Recreation Center, Transit and Public Works Operations • Eagle County School District • Vail Public Safety Communications Center Dispatch • Beaver Creek Public Safety • Eagle County Paramedic Service • United States Forest Service Law Enforcement • Colorado Bureau of Investigation (Eagle office) • DEA Grand Junction & Garfield County Sheriffs SPEAR • Santa (Juan) and his helper Luis Tapia (TOA Facilities Manager) • Wrapping volunteers Organized by Volunteer Coordinator Extraordinaire Patty Peterson To those unable to attend this evening, we will ensure that their well -deserved Chief’s Partnership Award is delivered on behalf of the Town of Avon. Thank you for your continued dedication to fostering a strong and compassionate community. Thank you, Chief Greg Daly and SRO Rio Burgess ### 970.748.4413 matt@avon.org TO: Honorable Mayor Tamra N. Underwood and Council members FROM: Matt Pielsticker, Community Development Director RE: 2nd Reading Ordinance 26-02 | QUASI-JUDICIAL PUBLIC HEARING Village (at Avon) PUD Amendment | File PUD23002 Vested Property Rights Extension | File VPR23001 DATE: March 13, 2026 SUMMARY: This report provides a summary of changes to the Village (at Avon) Planned Unit Development (“PUD”) Amendment application and Vested Property Rights Extension applications since First Reading approval on February 24, 2026. Avon Town Council (“Council”) took action to approve First reading, and directed the Applicant to make further modifications to the Vested Property Rights portion. Other minor changes to the PUD Amendment are summarized March 24, 2026, is a noticed Public Hearing and Second Reading for final action. REVIEW PROCESS: The review process has included two separate mailed notices to property owners within 300’ of the Village (at Avon) PUD. Public hearings with PZC and Council have included: • November 10, 2025 PZC. Public hearing, deliberation, continuance. • December 8, 2025 PZC Public hearing, deliberation, recommendation for conditional approval. • January 13, 2026 Council Public hearing on first reading, continuance. • January 27, 2026 Council Public hearing on first reading, deliberation, continuance of first reading. • February 24, 2026 Council Public hearing on first reading, deliberation, and approval of first reading with Public Hearing date set for March 24, 2026. FIRST READING APPROVAL: First Reading of Ordinance 26-02 was approved on February 24, 2026. Changes to the PUD Guide, Consolidated, Amended and Restated Annexation and Development Agreement (“CARADA”), and PUD Master Plan map are summarized herein. This table includes the list of amendments (including withdrawn amendments) and additional narrative where warranted: # Amendments PUD Guide Section 1 Community Housing Plan I.15 Council Review: Unanimous support. Update: No text changes. Additional information on AMI was requested; see below. 2 CH1 (PA-F/PA-E to CH1 - Use, Density, Height) D.13 Council Review: 6 Councilors supported - 1 opposed. Update: Scaled graphic included. Letter of interest from Habitat for Humanity received & attached. 3 CH2 (PF1 to CH2 - Use, Density, Height) D.13 Council Review: Unanimous support. Update: No changes. 4 Development Bonus D(f) Council Review: Unanimous support. PUBLIC HEARING: Second Reading of Ordinance 26-02: Village (at Avon) PUD Amendments & Vested Rights Extension March 13, 2026 Page 2 of 8 Update: No changes to text. Additional details are provided herein. 5 Short Term Rental PA-A, C, D and J Exhibit I Council Review: 6 Councilors supported - 1 opposed. Update: No changes. More background and information provided below. 6 Engineered Grade for areas within 250' of southern boundary Exhibit I Council Review: Unanimous support. Update: No changes to exhibit. 250' line now also shown on PUD Master Plan map. 7 PA-A, F, G and H: Delete Commercial Floor area Min/Max WITHDRAWN 8 PA-A: Building Height (55' to 60' w/i 250') D.2 Council Review: 6 Councilors supported - 1 opposed. Update: Five (5) story maximum added to PA-A to be consistent with PA-J height/stories limit.. 9 PA-A: Residential Building Height (80'-110' outside 250' via SRU) WITHDRAWN 10 PA-C: Building Height (48' to 60' and up to 74', 6 stories via SRU) WITHDRAWN 11 PA-C: Density (18 DUs/acre to 40) WITHDRAWN 12 PA-D: Building Height Increase (48' to 60' w/i 250', 5 story limit) WITHDRAWN 13 PA-D: Building Height (48' to 60' and up to 74', 6 stories via/ SRU) WITHDRAWN 14 PA-D: Density (18 DUs/acre to 40) WITHDRAWN 15 PA-J: Setbacks (reduce front setback from 20' to 10') D.7 Council Review: Unanimous support. Update: No changes. 16 PA-J: Building Height (48' to 60', max 5 stories) D.7 Council Review: 6 Councilors supported - 1 opposed. Update: No changes. 17 RMF-1 & PA-K: 280 units on cul-du-sac WITHDRAWN 18 Vested Property Rights Extension for 20 years on portion of PA-J, RMF-1 & PA-K N/A Council Review: 6 Councilors supported – 1 opposed., Support was expressed with caveat that additional performance-based water infrastructure construction be presented. Update: CARADA language amended to include additional conditions to vested rights extension 19 Administrative Subdivision G.1(a) PUBLIC HEARING: Second Reading of Ordinance 26-02: Village (at Avon) PUD Amendments & Vested Rights Extension March 13, 2026 Page 3 of 8 Council Review: Unanimous support. Update: No changes. COMMUNITY HOUSING PLAN: The Housing Plan in the PUD Guide includes Area Median Income (“AMI”) limits for rental (120% AMI) and for-sale (140% AMI). These would be maximum family income limits at the time of qualification. If owners or tenant’s household income changes upward after initial occupancy, residents would not become “non-qualified” and would be permitted to continue occupancy. The 120% and 140% AMI are the set income limits unless a different cap was agreed to by the Master Landowner, or Avon Municipal Code stipulations changed, or Avon Community Housing Policies (“ACHP”) guidance changed. The ACHP current guidelines target 80-100% AMI for rental units, and 100-140% AMI for sale inventory. Price-capped rents are typically tied to the bedroom count. The ACHP states that Colorado Housing and Finance Authorities (“CHFA”) most recently published rates (often published each spring) will be used to determine the maximum rental rate. The initial maximum sales price of for deed restricted for sale units are calculated by using the currently published 4-person household AMI, 30-year average mortgage rates, allocation for utilities and HOA dues, and closing costs. The calculation assumes a housing payment of no more than 30% of gross household income. NOTE: These AMI limits do not preclude developing Community Housing projects with a lower AMI level. Community Housing that serves lower AMI levels requires greater public subsidies. If funds are available then we anticipate that future Community Housing projects would serve lower AMI levels for rental and for-sale units. CH-1 (PA-F/PA-E to CH-1): In addition to reducing the building height to 35’, the maximum number of stories is limited to three (3), and number of units reduced from 26 to 24. A letter of interest from Habitat for Humanity is attached with other written public comments. Staff performed a ‘fit’ exercise to show a 80’x180’ footprint (14,400 sq.ft.) condominium building that could serve units on two sides with a central corridor. PUBLIC HEARING: Second Reading of Ordinance 26-02: Village (at Avon) PUD Amendments & Vested Rights Extension March 13, 2026 Page 4 of 8 CH-1 At a conceptual level review, a 80’ x 180’ building with double loaded floor plan could allow 4 two bedrooms and 2 one bedrooms on each side of a hallway, or 12 units per floor with podium parking or development could be configured with three floors with eight units on each floor with a smaller building footprint under 9,000 sq.ft. At this point a particular design is not suggested or contemplated. Rather, the fit analysis demonstrates that it is possible to build 24 residential units on this parcel. If CH1 is approved in the Village PUD Amendment then Staff will propose a process for design and programming of Community Housing development on this parcel. DEVELOPMENT BONUS: Section D.1(f) of the proposed PUD Guide has been updated to clarify the process and expectations as follows: “Development applications in all Planning Areas may include a concurrent application to increase or decrease the PUD Guide’s Development Standards (a “Development Bonus”) in accordance with the standards and review criteria set forth in Section 7.16.170 of the Municipal Code. The process for review of a Development Bonus shall follow Section 7.16.170 of the Municipal Code with the following modifications: (i) a Development Bonus application shall be submitted concurrently with Preliminary Design application as required by the Design Review Board and (ii) the Development Bonus application shall be subject to review and approval by the applicable Landowner, the Design Review Board and the Master Landowner. Any Development Bonus approved in all respects by the Landowner, Design Review Board, Master Landowner and Town shall be Recorded against the applicable portion of the Property and, upon such approval and Recording, shall automatically constitute an administrative amendment to this PUD Guide.” PUBLIC HEARING: Second Reading of Ordinance 26-02: Village (at Avon) PUD Amendments & Vested Rights Extension March 13, 2026 Page 5 of 8 The Development Review Process is outlined in Section 7.16.170(c) of the Avon Municipal Code states “an application for a development bonus shall be submitted concurrently with the principal application for development of the property.” In the Village (at Avon), the principal application for development is a Preliminary Design, therefore, a Development Bonus would be submitted to the Community Development Department accompanied by a Preliminary Design package. The Preliminary Design package includes architectural plans including topographical survey, site plan, building envelopes, elevation drawings, height calculations, massing, and landscape plans. SHORT TERM RENTAL PA-A, C, D and J: The majority of Council members appeared to support Short Term Rental (“STR”) use by right in PA-A, and limited STR licenses in PA-C, PA-D, and PA-J. This implements the two-tier system of regulating STR that was originally adopted by Council Ordinance 22-09. The limited STR designation limits the number of “unrestricted” STRs to 15% of the number of residential units on a property. The remaining 85% can still apply for an STR-Limited license which allows up to 42 days per year for short-term rentals. PA-A is named the Village Center Mixed Use Project and allows mixed use development. “Commercial” is a use by right, and “Commercial” is specifically defined the Village PUD Guide, EXHIBIT H Definitions, to include, (a) accommodation units, (h) bed and breakfast, (aa) Extended Stay Hotel, (hh) Hotel, Motel and Lodge, (rrr) Temporally Divided Dwelling (i.e. timeshare), (yyy) Vacation clubs. Designating a portion of PA-A to allow only limited STRs would not be consistent with the use by right for a wide variety of accommodations. At the February 24, 2026 Council meeting there were comments about exploring some limitation of STR licensing within the southern portions (e.g. within 250’ of southern boundary) of PA-A. This creates some challenges based upon the location of the 250’ line and the possibility of the line cutting through future building(s). PA-A BUILDING HEIGHT (55' to 60' w/i 250'): Similar to PA-J modifications, a maximum of five stories was added to the PA-A area within 250’ of the southern boundary of the PUD. VESTED RIGHTS EXTENSION: The CARADA language has been modified. In addition to the automatic 20-year extension to “Mountainside” vested rights if the Master Landowner funds it’s proportionate share of water infrastructure necessary to serve the East Avon Preserve pressure zone, additional conditions are added for a possible acceleration of this infrastructure if the Town performs construction on other property, and the Town funds it’s proportionate share of water infrastructure. If these “triggers” are not met the vested property rights will expire on October 20, 2039. MASTER PLAN MAP: The PUD Master Plan was updated to show the 250’ line from southern boundary of the PUD. Other updates include a new title, removal of signature block, and a note about superseding all previous maps. The signature block was removed because this map is made part of, and reviewed concurrently with the PUD Guide amendments. Lastly, the updated road network was added to the valley floor area of the PUD. REVIEW CRITERIA: Council is reminded that any findings (whether in support of approval or denial or as the basis of conditions) must be related to one or more review criteria. Council is required to consider if the amendments meet the review criteria as a basis for approval of each amendment. For convenience I have carried forward the applicable review criteria into this report. PUBLIC HEARING: Second Reading of Ordinance 26-02: Village (at Avon) PUD Amendments & Vested Rights Extension March 13, 2026 Page 6 of 8 My January 13, 2026 Packet Materials document the applicable review criteria for the PUD Amendment and Vested Property Rights separately. Each application has distinct criteria that must be considered during your deliberations. My draft findings of fact (Exhibit A to Ordinance 26-02) consider both the general review criteria for all development applications as well as those specific to PUD and Vested Rights. Below are the PUD Amendment and Vested Property Rights Extension criteria required by the Avon Municipal Code for reference when reviewing the revised submittal: Minor PUD Amendment Criteria (Avon Municipal Code Section 7.16.060(e(4)) (i) The PUD addresses a unique situation, confers a substantial benefit to the Town and/or incorporates creative site design such that it achieves the purposes of this Development Code and represents an improvement in quality over what could have been accomplished through strict application of the otherwise applicable district or development standards. Such improvements in quality may include, but are not limited to: improvements in open space provision and access; environmental protection; tree/ vegetation preservation; efficient provision of streets, roads and other utilities and services; or increased choice of living and housing environments; (ii) The PUD rezoning will promote the public health, safety and general welfare; (iii) The PUD rezoning is consistent with the Avon Comprehensive Plan*, the purposes of this Development Code and the eligibility criteria outlined in Subsection 7.16.060(b); (iv) Facilities and services (including roads and transportation, water, gas, electric, police and fire protection and sewage and waste disposal, as applicable) will be available to serve the subject property while maintaining adequate levels of service to existing development; (v) Compared to the underlying zoning, the PUD rezoning is not likely to result in significant adverse impacts upon the natural environment, including air, water, noise, storm water management, wildlife and vegetation, or such impacts will be substantially mitigated; (vi) Compared to the underlying zoning, the PUD rezoning is not likely to result in significant adverse impacts upon other property in the vicinity of the subject tract; and (vii) Future uses on the subject tract will be compatible in scale with uses or potential future uses on other properties in the vicinity of the subject tract. *Due to the timing of original Annexation, and previously negotiated extensions to entitlement documents, the applicable Comprehensive Plan for the Village at Avon is the 1996 version. The PUD Guide defines Comprehensive Plan as the one in effect as of the date the Town approved the original PUD, which was 1998. PUBLIC HEARING: Second Reading of Ordinance 26-02: Village (at Avon) PUD Amendments & Vested Rights Extension March 13, 2026 Page 7 of 8 Vested Property Rights Extension (Avon Municipal Code Section 7.16.140(e)(2): (i) The size and phasing of the development, specifically, but not limited to, whether the development can be reasonably completed within the vested rights period; (ii) Economic cycles and specifically but not limited to resort community economic cycles, regional and state economic cycles and national economic cycles; (iii) Market conditions and specifically but not limited to absorption rates for leasing and sales of similar development projects; (iv) Compliance with the Avon Comprehensive Plan and other community planning documents; (v) Proposed public amenities and benefits that enhance the project and the overall attractiveness of the Avon community, including the degree to which such public amenities and benefits are defined in terms of design, timeframe and phasing with development; (vi) Projected public financial benefits or costs estimated to be caused by the development project, including the timeframe for realization by the Town or other public entities and potential costs for operation and maintenance of any new public amenities or infrastructure dedicated to the Town or other public entities; (vii) The breadth and scope of the requested vested property right, including but not limited to the extent to which such vested property right restricts the Town's ability to apply future legislatively adopted fees and regulations for the purpose of providing public infrastructure, public services and public facilities and for the purpose of meeting evolving community needs; (viii) The terms of any existing site specific development plans with development agreements for the applicant's property that specify the duration of vested property rights; (ix) Any proposed modifications to previously approved vested property rights to address changed conditions within the Avon community, compliance with the Comprehensive Plan and other community planning documents or performance of previously approved site specific development plans; and (X) Any other factors deemed relevant by the Council when determining to grant a vested property right for a period greater than three (3) years. 970.748.4413 matt@avon.org OPTIONS: Council has the following options: • Continue 2nd Reading of Ordinance 26-02 to April 14 if Traer Creek consents. • Approve 2nd Reading of Ordinance 26-02 as drafted • Approve 2nd Reading of Ordinance 26-02 with changes • Direct Staff to prepare Record of Decision for denial. Section 7.16.020(e) of the Avon Development Code caps the amount of time for continuance. “Town Council may continue a public hearing on its own initiative for a maximum of sixty-five (65) days after the date of the initial public hearing without the consent of the applicant. The PZC or Council may continue a public hearing for a maximum of ninety-five (95) days with the consent of the applicant.” At the previous meeting Traer Creek consented to an additional thirty (30) days – for a final decision not later than the April 14th regular meeting. RECOMMENDED MOTION: “I move to approve 2nd Reading of Ordinance 26-02 Approving a Planned Unit Development Amendment and Vested Property Rights Extension to the Village (at Avon) Planned Unit Development and Approving Amendments to the Consolidated, Amended, and Restated Annexation and Development Agreement.” ALTERNATE MOTION: “I move to Continue 2nd and Final Reading of Ordinance 26-02 to the April 14, 2026, meeting pending additional modifications”. Thank you, Matt ATTACHMENT A: Applicant Narrative- March 2026 [updated] ATTACHMENT B: Ordinance 26-02 Exhibit A – Findings of Fact and Record of Decision Exhibit B – Third Amended and Restated PUD Guide [strikethrough] Exhibit C – First Amendment to Consolidated, Amended and Restated Annexation and Development Agreement [updated- strikethrough and clean] ATTACHMENT C: Written Public Comments ATTACHMENT D: Supplemental Financial Overview Report from Paul Redmond [updated] ATTACHMENT E: Consolidated, Amended and Restated Development Agreement for the Village (at Avon) MEMORANDUM To: Town of Avon From: Traer Creek Team Subject: Village at Avon PUD Amendment and Ves Eng Extension Date: March 12, 2026 Following the Town Council meeEng on February 24, 2026, the Traer Creek team and Town Staff reviewed the comments and concerns expressed by the Town Council and neighboring property owners. The following list summarizes the revisions and clarificaEons made to the PUD Amendment and Ves Eng Extension request since the previous review. CH1: Based on Town’s direcEon, the proposal is now for 24 units of Community Housing on CH-1. Development Bonus: Town Staff has provided addiEonal informaEon and language for the PUD Guide regarding the Development Bonus. This language provides clarity as to the Development Bonus process and has been incorporated into the PUD Guide. Short Term Rentals (PAA): The applicants conEnue to request unlimited short-term rentals within Planning Area A (PA-A). During the February 24 discussion, Council considered limiEng STRs to 15% of units up to the 250-foot line. However, the 250-foot line is specifically idenEfied in the PUD to address building height measurement, not land use limitaEons. Applying the 15% limitaEon based on this line could result in the boundary running through the middle of a building, creaEng an administraEve and enforcement challenge. AddiEonally, the proposed development area is directly adjacent to neighborhoods that currently allow unlimited STRs, including properEes within the Hurd Lane and Eagle Bend neighborhoods. It should also be noted that the allowable uses within Planning Area A already include several forms of transient lodging, including but not limited to: •AccommodaEon Units •Bed and Breakfast •Extended Stay Motel •Hotel, Motel, or Lodge •Temporally Divided Dwelling •VacaEon Club 1 ATTACHMENT A Given these exisEng allowances, permiang STRs within residenEal units is consistent with the broader lodging framework established within the PUD. PA-A: The proposed height increase from 55 feet to 60 feet within PA-A now includes an addiEonal limitaEon of a maximum of five (5) stories. This revision provides greater clarity and predictability regarding the scale of development while maintaining the modest increase in allowable height. Vested Rights Extension: With the goal of providing addiEonal nuance in the vesEng triggers, the language has been amended to create an intermediate trigger based on the Town’s desire to pursue development on East Avon Preserve. 2 ATTACHMENT A SECOND READING Ord 26-02 Village (at Avon) PUD Amendment & Vested Rights Extension March 24, 2026 Page 1 of 3 ORDINANCE 26-02 APPROVING A PLANNED UNIT DEVELOPMENT AMENDMENT AND VESTED PROPERTY RIGHTS EXTENSION TO THE VILLAGE (AT AVON) PLANNED UNIT DEVELOPMENT AND APPROVING AMENDMENTS TO THE CONSOLIDATED, AMENDED AND RESTATED ANNEXATION AND DEVELOPMENT AGREEMENT RECITALS WHEREAS, the Town of Avon (“Avon”) is a home rule municipal corporation and body politic organized under the laws of the State of Colorado and possessing the maximum powers, authority and privileges to which it is entitled under Colorado law; and WHEREAS, pursuant to the home rule powers of the Avon, the Avon Town Council (“Council”) adopted Title 7 Development Code to the Avon Municipal Code (“AMC”), which requires Public Hearings and approval of an Ordinance to process Planned Unit Development (“PUD”) Amendments and Vested Property Rights Extensions; and WHEREAS, the Town Council authorized submitting a combined application with Traer Creek-RP, LLC for a PUD Amendment Application to amend the Village (at Avon) PUD (“PUD Amendment Application”); and WHEREAS, Traer Creek-RP, LLC submitted a twenty (20) year Vested Property Rights Extension (“Vested Property Rights Application”) request for portions of the Village (at Avon) PUD; and WHEREAS, Section 7.16.020(b)(4) of the AMC grants the Community Development Director authority to permit concurrent review of development applications for efficiency and practicality; and WHEREAS, the Planning and Zoning Commission of the Town held public hearings on the PUD Amendment and Vested Rights Extension on November 10, 2025 and December 8, 2025, after publishing and posting notice as require by law, considered all comments, testimony, evidence and staff reports provided by the Town staff, considered such information prior to formulating a recommendation, then took action to adopt findings of fact to make a recommendation for conditional approval to the Town Council; and WHEREAS, the Town Council of the Town held public hearings on January 13, 2026, January 27, 2026, February 24, 2026 and March 24, 2026, after posting notice as required by law, considered all comments, testimony, evidence and staff reports provided by the Town staff prior to taking action to adopt findings of fact and a record of decision conditionally approving the PUD Amendment and Vested Rights Extension Applications; and ATTACHMENT B SECOND READING Ord 26-02 Village (at Avon) PUD Amendment & Vested Rights Extension March 24, 2026 Page 2 of 3 WHEREAS, the Town Council finds the PUD Amendment application in conformance with the review criteria set forth in Sections 7.16.060(e)(4) of the AMC as more particularly described in the findings of fact and record of decision; and WHEREAS, the Town Council has considered the guidelines for a Vested Property Rights Extension set forth in Section 7.16.140(e)(2) of the AMC as more particularly described in the findings of fact and record of decision; and WHEREAS, approval of this Ordinance on first reading is intended only to confirm that the Town Council desires to comply the requirements of the Home Rule Charter for the Town of Avon, Colorado by setting a public hearing in order to provide the public an opportunity to present testimony and evidence regarding this application and that approval of this Ordinance on first reading does not constitute a representation that the Town Council, or any member of the Town Council, supports, approves, rejects, or denies this ordinance. NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF AVON, COLORADO: Section 1. Recitals Incorporated. The above and foregoing recitals are incorporated herein by reference and adopted as findings and determinations of the Town Council. Section 2. Approval of Findings of Fact and Record of Decision. Pursuant to Section 7.16.020(f) of the Development Code, the Town Council approves findings of fact and record of decision as set forth in EXHIBIT A: Town Council Findings of Fact and Record of Decision. Section 3. Amendment to the Village (at Avon) PUD. The Village (at Avon) Third Amended and Restated PUD Guide, in the form attached as EXHIBIT B: Third Amended and Restated PUD Guide, is hereby approved. Section 4. Vested Property Rights Extension. The Vested Property Rights Extension for the “Mountainside” area is conditionally approved through October 20, 2059, as documented in EXHIBIT C: First Amendment to Consolidated, Amended and Restated Annexation and Development Agreement, Section 5. Severability. If any provision of this Ordinance, or the application of such provision to any person or circumstance, is for any reason held to be invalid, such invalidity shall not affect other provisions or applications of this Ordinance which can be given effect without the invalid provision or application, and to this end the provisions of this Ordinance are declared to be severable. The Town Council hereby declares that it would have passed this Ordinance and each provision thereof, even though any one of the provisions might be declared unconstitutional or invalid. As used in this Section, the term “provision” means and includes any part, division, subdivision, section, subsection, sentence, clause or phrase; the term “application” means and includes an application of an ordinance or any part thereof, whether considered or construed alone or together with another ordinance or ordinances, or part thereof, of the Town. ATTACHMENT B SECOND READING Ord 26-02 Village (at Avon) PUD Amendment & Vested Rights Extension March 24, 2026 Page 3 of 3 Section 6. Effective Date. This Ordinance shall take effect thirty (30) days after final passage in accordance with Section 6.4 of the Home Rule Charter for the Town of Avon, Colorado. Section 7. Safety Clause. The Town Council hereby finds, determines and declares that this Ordinance is promulgated under the general police power of the Town, that it is promulgated for the health, safety and welfare of the public, and that this Ordinance is necessary for the preservation of health and safety and for the protection of public convenience and welfare and energy conservation. The Town Council further determines that the Ordinance bears a rational relation to the proper legislative object sought to be obtained. Section 8. Publication. The Town Clerk is ordered to publish this Ordinance in accordance with Chapter 1.16 of the Municipal Code of the Town of Avon, Colorado. INTRODUCED AND ADOPTED ON FIRST READING AND REFERRED TO PUBLIC HEARING by the Avon Town Council on February 24, 2026 and setting such public hearing for March 24, 2026 at the Council Chambers of the Avon Municipal Building, located at One Hundred Mikaela Way, Avon, Colorado. BY: ATTEST: ____________________________ ___________________________________ Tamra N. Underwood, Mayor Miguel Jauregui Casanueva, Town Clerk ADOPTED ON SECOND AND FINAL READING by the Avon Town Council on March 24, 2026. BY: ATTEST: ____________________________ ___________________________________ Tamra N. Underwood, Mayor Miguel Jauregui Casanueva, Town Clerk APPROVED AS TO FORM: ____________________________ Nina Williams, Town Attorney ATTACHMENT B Village (at Avon) Findings of Fact and Record of Decision: PUD23002 | VPR23001 Page 1 of 3 TOWN COUNCIL FINDINGS OF FACT AND RECORD OF DECISION FOR VILLAGE (AT AVON) PUD AMENDMENT VESTED PROPERTY RIGHTS EXTENSION DATE OF DECISION: March 24, 2026 APPLICATIONS: PUD Amendment | File PUD23002 Vested Property Rights Extension | File VPR23001 APPLICANT: Traer Creek, LLC & Town of Avon (“Town”) This Record of Decision is made in accordance with the Avon Municipal Code §7.16.010(F)(1) The Avon Town Council (“Council”) conducted public hearings and reviewed the applications for the Village (at Avon) on January 13, 2026, February 24, 2026, and March 24, 2026, and considered all public comments and information provided at such public hearings. Based on consideration of public comments, information provided and the applicable review criteria Council approved Ordinance 26-02. Approval of Ordinance 26-02 includes a Planned Unit Development (“PUD”) Amendment and Vested Property Rights Extension (“Application”) in accordance with the Avon Municipal Code (“AMC”) §7.16.020(f) based on the Findings of Fact stated herein and hereby ADOPTS THIS RECORD OF DECISION. All Avon Staff reports and materials concerning the Application, any third party materials received concerning the Application, all public comments, all statements made at the Public Hearings, and all AMC and other regulations applicable to review of the Application are collectively adopted as part of the official Record of Decision. GENERAL CRITERIA: Pursuant to §7.16.020(f)(1), Review Criteria, the following generally applicable findings are made with respect to the Application: 1.The Application is complete and provides sufficient information for Council to determine that the Application complies with the review criteria; 2.The Application complies with the goals and policies of the Avon Comprehensive Plan as documented within the staff report; and 3.Demand for public services does not increase, as the overall development standards- including overall density, does not change with the PUD Amendment or Vested Property Rights Extension. EXHIBIT A TO ORDINANCE 26-02 Village (at Avon) Findings of Fact and Record of Decision: PUD23002 | VPR23001 Page 2 of 3 PUD AMENDMENT FINDINGS: Pursuant to a review of the criteria found in AMC § 7.16.060(e)(4), Review Criteria, the following findings are made with respect to the PUD Amendment application: 1.The PUD amendment confers benefits to the Town and promotes the health, safety and general welfare of the community by dedicating Lot 8 and permitting Community Housing units on CH-1 and CH-2; 2.Evidence of substantial compliance with the purpose of the Development Code as specified in AMC § 7.04.030, Purposes, has been provided and is generally sufficient for this review; 3.The PUD amendment is consistent with the (1996) Avon Comprehensive Plan; 4.Facilities and services (including roads and transportation, water, gas, electricity, police and fire protection and sewage and waste disposal, as applicable) are available to serve the properties, while maintaining adequate levels of service to existing development; 5.Changes to setbacks, building height, and uses in the PUD will not result in significant adverse impacts upon the natural environment, including air, water, noise, storm water management, wildlife and vegetation, as such impacts have been substantially mitigated through the development of the overall Village (at Avon) PUD governing documents; 6.The scale and residential use for CH-1 will be compatible with existing established residential development in the vicinity on Eaglebend Drive; and 7.The potential of increased scale of development on PA-J is suitable given the location and access to existing infrastructure near the highway interchange. VESTED PROPERTY RIGHTS FINDINGS: Pursuant to a review guidelines found in AMC § 7.16.140(e)(2), the following findings are made with respect to the Vested Property Rights extension request: 1.Water tank planning has commenced for the Mountainside in partnership with Eagle River Water and Sanitation District, Traer Creek, LLC, and the Town of Avon for the Mountainside, East Avon Preserve, and other areas north of the Eagle River; 2.The magnitude of public infrastructure necessary to access and develop the Mountainside is beyond current means due to the present focus of prioritized capital projects currently being developed in the valley floor elsewhere in the PUD; 3.Full development of the Mountainside in the current vested property rights term is unlikely due to the location and type of planned development; and 4.The scope of the Vested Property Rights is limited to areas that are inherently difficult to service, and do not contribute to the public benefits associated with other commercial and mixed-use development that would present measurable and tangible public benefits in the nearer term. EXHIBIT A TO ORDINANCE 26-02 Village (at Avon) Findings of Fact and Record of Decision: PUD23002 | VPR23001 Page 3 of 3 CONDITIONS: Approval of the Application is subject to performance, satisfaction and completion of the following conditions: 1.The Town of Avon Short Term Rental Overlay (STRO) map will be administratively updated by Community Development Staff to reflect unrestricted Short Term Rental license availability in Planning Area A (PA-A), and 15% limited STR license availability in Planning Area C (PA-C), Planning Area D (PA-D), and Planning Area J (PA-J). 2.CARADA Amendment No. 1 will be executed and recorded with the Eagle County Clerk and Recorders office within thirty (30) days. APPROVED BY MOTION on March 24, 2026 AVON TOWN COUNCIL BY: ATTEST: ____________________________ ___________________________________ Tamra N. Underwood, Mayor Miguel Jauregui Casanueva, Town Clerk EXHIBIT A TO ORDINANCE 26-02 1650530.6 2985509.13 The Village (at Avon) SecondThird Amended and Restated PUD Guide September 11, 2018 _____________, 2026 Pursuant to Section 7.16.140(d) of the Development Code: Approval of this plan constitutes a vested property right pursuant to Article 68 of Title 24, C.R.S., as amended, and Title 7, Chapter 16 of the Avon Municipal Code as amended. EXHIBIT B TO ORDINANCE 26-02 Table of Contents TABLE OF CONTENTS Page i 2985509.13 A. PURPOSE/GENERAL PROVISIONS .............................................................................. 1 1. Defined Terms ....................................................................................................... 1 2. Purpose ................................................................................................................... 1 3. Vested Property Rights .......................................................................................... 2 4. General Provisions ............................................................................................... 32 5. Applicability of Other Regulations ...................................................................... 65 6. Conflict .................................................................................................................. 6 B. TOTAL PERMITTED DENSITY ..................................................................................... 6 C. GENERAL LAND USE DESIGNATIONS .................................................................... 10 1. Designations ......................................................................................................... 10 2. Permitted Uses ..................................................................................................... 11 D. DEVELOPMENT STANDARDS WITHIN THE VILLAGE (AT AVON) PUD .......... 11 1. General ................................................................................................................. 11 2. Planning Area A - Village Center Mixed Use Project ......................................... 12 3. Planning Area B - Community Facilities ............................................................. 16 4. Planning Areas C and D - Village Residential Mixed Use Projects ................ 1718 5. Planning Area E – School ................................................................................ 2021 6. Planning Areas F, G, H and I – Regional Commercial Mixed Use Projects ....... 22 7. Planning Area J – Regional/Neighborhood Commercial and Residential Mixed Use Projects .......................................................................................... 2728 8. Planning Area K - Hillside Residential ............................................................ 3031 9. Planning Areas RMF 1 and RMF 2 - Residential Multi-Family ..................... 3233 10. Planning Areas P1-P3: Parkland ..................................................................... 3536 11. Planning Areas OS1 – 0S7OS7: Natural Open Space .................................... 3738 12. Planning Areas PF-1 –-2 and PF-3: Public Facility ....................................... 3839 13. Planning Areas CH-1 and CH-2 – Community Housing ..................................... 41 E. SPECIAL REVIEW USE ............................................................................................ 4043 1. Special Review Use Permit .............................................................................. 4043 2. Application Filing and Processing ................................................................... 4043 3. Submittal Requirements for Special Review Use ............................................ 4144 EXHIBIT B TO ORDINANCE 26-02 Table of ContentsTABLE OF CONTENTS (continued) Page ii 2985509.13 4. Criteria for Review, Recommendation, and Approval of Special Review Uses .................................................................................................................. 4144 5. Amendments to Special Review Use Permit ................................................... 4245 F. TEMPORARY USES AND STRUCTURES .............................................................. 4245 G. SUBDIVISION ............................................................................................................ 4345 1. General; Applicability ...................................................................................... 4345 2. Application Submittal Items ................................................................................ 46 3. Procedure ............................................................................................................. 47 4. Criteria for Review and Approval........................................................................ 47 5. Material Modification to Certain Street Connections ...................................... 4548 H. DEVELOPMENT PLAN AMENDMENT PROCEDURES ...................................... 4649 1. General ............................................................................................................. 4649 2. Formal Amendments ........................................................................................ 4649 3. Administrative Amendments ........................................................................... 4649 4. Modifications Not Requiring Amendment ...................................................... 4952 I. SUPPLEMENTAL REGULATIONS ......................................................................... 5053 1. Interim Uses ..................................................................................................... 5053 2. Solid Fuel Burning Devices ............................................................................. 5054 3. Signs ................................................................................................................. 5054 4. Parking Requirements ...................................................................................... 5154 5. Surface Parking Landscaping Requirements ................................................... 5154 6. Drainage Requirements .................................................................................... 5154 7. Sidewalk and Trail Standards .......................................................................... 5255 8. Alternative Equivalent Compliance and Variances ......................................... 5255 9. Supplemental Design Standards: Planning Area J Hotel, Motel and Lodge Requirements ................................................................................................... 5255 10. Wildlife Mitigation Plan .................................................................................. 5357 11. Design Review Guidelines ............................................................................... 5457 12. Natural Resource Protection ............................................................................ 5458 13. Residential Fire Suppression Systems ............................................................. 5458 14. Park, Recreation and Trail Access ................................................................... 5558 EXHIBIT B TO ORDINANCE 26-02 Table of ContentsTABLE OF CONTENTS (continued) Page iii 2985509.13 15. AffordableCommunity Housing Plan .............................................................. 5558 16. Provision of Certain Amenities ........................................................................ 5761 EXHIBIT A LEGAL DESCRIPTIONLegal Description ....................................................... A-1 EXHIBIT B PUD MASTER PLANMaster Plan .................................................................... B-1 EXHIBIT C THE VILLAGE (AT AVON) PARKING REGULATIONSThe Village (at Avon) Parking Regulations ............................................................................................ C-1 EXHIBIT D WILDLIFE MITIGATION PLANWildlife Mitigation Plan ............................. D-1 EXHIBIT E MINIMUM DESIGN GUIDELINE STANDARDSMinimum Design Guideline Standards ........................................................................................................ E-1 EXHIBIT F STREET STANDARDSStreet Standards ........................................................... F-1 EXHIBIT G MUNICIPAL CODE PROVISIONS NOT APPLICABLE TO THE VILLAGE (AT AVONMunicipal Code Provisions Not Applicable to The Village (at Avon) PUD ............................................................................................................... G-1 EXHIBIT H DEFINITIONSSection 7.16.070 of Development Code ................................... H-1 EXHIBIT I SECTION 7.16.070 OF DEVELOPMENT CODEDefinitions ........................... I-1 EXHIBIT B TO ORDINANCE 26-02 1650530.6 2985509.13 The Village (at Avon) SecondThird Amended and Restated PUD Guide September 11, 2018 _____________, 2026 A. PURPOSE/GENERAL PROVISIONS.. 1. Defined TermsDefined Terms. Capitalized words and phrases used in this PUD Guide have the meanings set forth in Exhibit HI of this PUD Guide. Words and phrases which are not defined in Exhibit HI of this PUD Guide but are defined in the Development Code shall have the meaning as defined in the Development Code. Where any word or phrase defined in Exhibit HI of this PUD Guide is the same or substantially similar to a word or phrase defined or used in the Development Code, the word or phrase defined in Exhibit HI of this PUD Guide shall be the sole and exclusive definition of such word or phrase. Any word or phrase which is not defined in Exhibit HI of this PUD Guide and not defined in the Development Code, but is defined elsewhere in the Municipal Code, shall not be presumed to have the specific meaning given such word or phrase in the Municipal Code unless expressly stated herein. Notwithstanding any provision of this Section A.1, if, subsequent to the Original Effective Date, the Town amends from time to time any definitions set forth in the Development Code, the Master DeveloperLandowner, in its sole discretion, may, from time to time, consider amendment of this PUD Guide to incorporate such amended definitions herein, which amendment(s), if any, shall be processed in accordance with the administrative amendment procedure set forth in Section H.3. 2. Purpose.. (a) The Village (at Avon) PUD encompasses the Property, which is a large parcel of land under unified development control of the Master DeveloperLandowner (together with and on behalf of the Developer AffiliatesAffiliated Landowners) as of the Effective Date. This PUD Guide (including each Exhibit attached hereto) shall control the zoning, Uses, Development Standards, development application review procedures for the Property to the extent set forth in this PUD Guide, pursuant to Se ction 7.16.060 Planned Unit Development (PUD) of the Development Code, adopted pursuant to C.R.S. §24-67- 104 and pursuant to the Avon’s Home Rule Authority, which implements the Planned Unit Development Act of 1972, Sections 24-67-101 et seq., C.R.S. EXHIBIT B TO ORDINANCE 26-02 1650530.6 2 2985509.13 (b) The Original PUD Guide previously was amended by and includes (collectively, the “Prior Amendments”): (i) PUD Development Plan Administrative Amendment No. 1 (amending the PUD Master Plan only), dated May 21, 2001, and recorded in the real property records of Eagle County, Colorado, on July 31, 2001 at Reception No. 763439. (ii) PUD Guide Administrative Amendment No. 2, dated February 13, 2002, and recorded in the real property records of Eagle County, Colorado, on February 29, 2002 at Reception No. 786254. (iii) PUD Guide Administrative Amendment No. 3, dated May 15, 2002, and recorded in the real property records of Eagle County, Colorado, on May 15, 2001 at Reception No. 795806. (iv) PUD Guide Administrative Amendment No. 4, dated May 15, 2002, and recorded in the real property records of Eagle County, Colorado, on May 15, 2002 at Reception No. 795805. (v) Formal Amendment Number One to The Village (at Avon) PUD Guide, dated January 25, 2007, and recorded in the real property records of Eagle County, Colorado, on March 2, 2007 at Reception No. 200705491. (c) In accordance with the terms and conditions of that certain SETTLEMENT TERM SHEET made and entered into the 7th day of October, 2011, by and between the Town of Avon, BNP Paribas, Traer Creek Metropolitan District, Traer Creek LLC, Traer Creek-RP LLC, Traer Creek Plaza LLC, EMD Limited Liability Company, Traer Creek -HD LLC, and Traer Creek-WMT LLC (the “Settlement Term Sheet”), the Town’s final non-appealable approval of the Amended and Restated PUD Guide amended and replaced the Original PUD Guide in its entirety, including the incorporation into a single document of the Prior Amendments and the amendments contemplated in the Settlement Term Sheet, for ease of reference, and established and implemented specific terms and conditions of the Settlement Term Sheet, binding on all parties to the Settlement Term Sheet. (b) (d) The purpose of this PUD Guide is to amend and restate in its entirety the Amended and RestatedOriginal PUD Guide to implement certain modifications thereto concerning, among other matters, Planning Area FAreas A, C, D, E, I, J, K, RMF-1, CH-1, and CH-2, the Community Housing Plan, applicable requirements and criteria pertaining to the maximum number of Dwelling Units that can be constructed on a cul-de sac, and clarify certain matters with respect to the operation of Short Term Rentals. Accordingly, this PUD Guide expressly replaces and supersedes the Amended and RestatedOriginal PUD Guide and any additional or conflicting provisions of the Municipal Code with respect to the subject matter contained herein. 3. Vested Property Rights. The Development Plan and any subsequently approved Preliminary Plans and Final Plats approved subsequent to the Original Effective Date, together with any amendments to any of the foregoing, constitutes an approved “site-specific development plan” as defined in the Vested Property Rights Statute and pertinent provisions of the Municipal EXHIBIT B TO ORDINANCE 26-02 1650530.6 3 2985509.13 Code. Without limiting the generality of the foregoing, the Landowners of the Property shall have Vested Property Rights to undertake and complete development and use of the Property as provided in the Development Plan, and as set forth in Section 2.4 of the Development Agreement. The Vested Property Rights so established shall be and remain vested for the “Vesting Term” (asinclusive of the Primary Vesting Term and Mountainside Vesting Term), as such terms are defined in the Development Agreement). Pursuant to the Municipal Code, as in effect on the execution date of the Settlement Term SheetOctober 7, 2011: Approval of the Development Plan constitutes a vested property right pursuant to Article 68 of Title 24, C.R.S., as amended, and Title 7, Chapter 16, of the Avon Municipal Code as amended. Upon and after expiration of the “Vesting Term” (as defined in the Development Agreement), this PUD Guide and any amendments thereto shall continue to be the zoning for the Property, provided that the Town shall have the authority, if any, to amend this PUD Guide without the consent of the Master DeveloperLandowner or any other owner of the Property, or any portion thereof, in accordance with applicable law. 4. General Provisions.. (a) Control Over Use, Location and Bulk. The Development Plan shall control the Use, location and bulk of Buildings and Structures from and after the Effective Date, and subject to compliance with the Development Standards set forth in the Development Plan for the affected Planning Area and any additional or more restrictive standards and requirements set forth in the Design Review Guidelines or the Design Covenant: (i) For any new Building or Structure, and any parcel of land or Site; and (ii) For any changes or extensions of Use of any existing Building, Structure, parcel of land or Site; and (iii) The Design Review Board shall, in conformance with the Development Plan, establish the final location, Use and bulk of all future Buildings, Structures and improvements; and (iv) Any existing Building or Structure may be enlarged, reconstructed, structurally altered, converted or relocated for any purpose or Use permitted or required by the provisions of this PUD Guide that is applicable to the Site in which such Building, Structure, Site or parcel of land is located, and for no other purposes or Uses. (b) Incorporation of PUD Master Plan. The PUD Master Plan, together with everything shown thereon and all amendments thereto approved by the Town subsequent to the Effective Date, is hereby incorporated by reference into this PUD Guide as Exhibit B. EXHIBIT B TO ORDINANCE 26-02 1650530.6 4 2985509.13 (c) Comprehensive Plan. The Comprehensive Plan applies to the Village at (Avon), and no amendments to the Comprehensive Plan approved by the Town subsequent to the Original Effective Date shall apply to The Village (at Avon). (d) Design Covenant. The Property is encumbered by and subject to the Design Covenant, which governs matters related to Uses and development of all or any portion of the Property. Where any conflict between the Design Covenant and the Development Plan may occur, the more restrictive provision shall govern. (e) Design Review Board. As contemplated by the Design Covenant, the Design Review Board has been organized to administer and enforce the Design Covenant and Design Review Guidelines. In accordance with the Design Covenant, the Design Review Board shall have authority to review and is the sole and exclusive authority to approve the architectural design, landscape design, urban design and site design within the Property, subject to the Town Council’s right of enforcement the Design Review Guidelines as set forth in Section I.11(c). The Design Review Board shall (i) refer to the Planning and Zoning Commission, for comment only and not for approval, ratification or disapproval, all development proposals submitted to the Design Review Board for portions of the Property located south of Interstate 70 and all portions of the Property located north of Interstate 70 other than Planning Areas K and RMF-1 (with respect to which the Design Review Board shall have no obligation to refer development proposals to the Planning and Zoning Commission); and (ii) give prior written notice to the Director, or his designee, of each meeting of the Design Review Board at which the Design Review Board shall initially consider any submitted development proposal(s), which notice shall include the date, time, location and general subject matter of the meeting. At Master Developer’sLandowner’s option, one or more separate design review boardboards may be established with respect to such Planning Areas RMF-1-1 and K. Such design review board(s) shall not be required to include any Town appointed representative as a member. The Town’s approval of any building permit within the Property is conditioned upon the Town’s prior receipt of a certificate of approval executed by the President of the Design Review Board. (f) Design Review Guidelines. Pursuant to the Design Covenant, the Design Review Board has prepared, approved and promulgated the Design Review Guidelines to supplement and complement this PUD Guide. Where any conflict may occur between the Design Review Guidelines and the Development Plan, the more restrictive provision shall govern. (g) Planning Areas and Boundaries, Road Alignments, Lot Lines. (i) The street and road alignments depicted on the PUD Master Plan are either designated thereon as either permanent, temporary (not permanent and intended to be replaced in the future) or conceptual alignments. Notwithstanding any contrary provision of this PUD Guide, until such time as made permanent or temporary in connection with an approved and executed Public Improvements Agreement, the conceptual alignments are non-binding and provided only for illustrative purposes to show one of various potential alignments and vehicular ingress and egress between Planning Areas. The alignment of future temporary and EXHIBIT B TO ORDINANCE 26-02 1650530.6 5 2985509.13 permanent streets shall be subject to review and approval by the Town in connection with subdividing the applicable portion of the Property and submittal by the Applicant of engineered road design plans, as set forth in Section G of this PUD Guide. The Applicant shall be required to submit engineered road design plans for, and shall be required to construct, only the portion of a street that is necessary to serve the phase and property subject to the applicable Application, and the Applicant shall not be required to extend or continue such street beyond the Property Line of the Site that is the subject of the applicable Application provided that such street terminates in a turn-around, cul-de-sac or like termination (temporary or permanent, as applicable) to permit emergency vehicle turn-around in accordance with the requirements of the Development Code. Notwithstanding the foregoing, if such street is depicted on the PUD Master Plan to extend and continue further than such phase and property subject to the Application and connect to existing or future planned street(s), such Applicant shall submit as a part of its Application Preliminary Engineering for the planned extension and continuation of the subject street which is sufficient to demonstrate that the alignment and grade of the construction of a portion of the street shall be adequately designed to allow extension and continuation of the subject street in compliance with applicable road, utility and drainage standards. (ii) Planning Area boundaries shall be construed as follows: (i) whenever a Planning Area abuts an exterior boundary of the Property, the Planning Area shall be construed to coincide with such exterior boundary of the Property; (ii) wherever a street abuts a Planning Area as shown in the PUD Master Plan, the Planning Area boundary shall be construed to coincide with the center line of such abutting street; and (iii) wherever a Planning Area contains or otherwise does not abut a street or the exterior boundary of the Property, the Planning Area boundary shall be as shown in the PUD Master Plan. (h) Issuance of Building Permits; Design Review Board Certification. (i) Provided an Application for issuance of a building permit (or grading permit, etc.) complies with the Town’s Building Code (as defined in the Development Code) and the Development Plan, the Town shall issue such building permit (or grading permit, etc.) for any construction, improvements or alterations of a Building, Structure or other form of development requiring a building permit (or grading permit, etc.) for which the plans, specifications and details have been reviewed and approved by the Design Review Board as defined herein. A certificate of approval executed by the President of the Design Review Board shall be affixed to the plans and specifications made a part of each building permit, grading permit, temporary certificate of occupancy, permanent certificate of occupancy, etc. Application prior to the Town’s approval thereof. To facilitate efficient review and approval of building permits (grading permits, etc.), the Town’s building department may accept for processing a building permit (or grading permit, etc.) concurrently with such Applicant’s submittal of plans, specifications and details to the Design Review Board for review and approval of such permit; provided, however, the Town shall not approve any Application for a building EXHIBIT B TO ORDINANCE 26-02 1650530.6 6 2985509.13 permit (or grading permit, etc.) or temporary or permanent certificate of occupancy unless a certificate of Design Review Board approval is affixed thereto as required by this Section A.4(h)(i), such issued certification of Design Review Board approval being an express condition precedent to the Town’s approval of any Application for a building permit (or grading permit, etc.) or temporary or permanent certificate of occupancy. (ii) Additionally, the Design Review Board certification shall affirmatively state the Design Review Board’s confirmation, and the Director shall confirm, an Application’s compliance with the supplemental design and improvement standards set forth in Section I.9 prior to issuing a building permit for construction of a Building designated for Hotel, Motel and Lodging Uses within Planning Area J. 5. Applicability of Other Regulations.. (a) General. Except as otherwise expressly provided in the Development Plan, the establishment of Vested Property Rights pursuant to the Development Agreement shall not preclude the application on a uniform, non-discriminatory and consistent basis of Town regulations of general applicability (including, but not limited to, building, fire, plumbing, electrical and mechanical codes, the Municipal Code, and other Town rules and regulations), or the application of state or federal regulations, as all of such regulations existed on the Original Effective Date or may be enacted or amended after the Original Effective Date; provided, however that such newly enacted or amended Town regulations shall not directly or indirectly have the effect of materially and adversely altering, impairing, preventing, diminishing, imposing a moratorium on development, delaying or otherwise adversely affecting any of Master Developer’s, Developer AffiliatesLandowner’s, Affiliated Landowners’ or other Landowners’ substantive or procedural rights set forth in the Development Agreement, this PUD Guide or any approved Final Plat for any portion of the Property. Neither Master Developer, Developer AffiliatesLandowner, Affiliated Landowners nor any Landowner waive their right to oppose the enactment or amendment of any such regulations. (b) Modifications and Exceptions. As set forth in Sections F through I of this PUD Guide, certain provisions of the Municipal Code either are superseded in their entirety by this PUD Guide or apply within The Village (at Avon) but are subject to the modifications set forth in such sections. Additionally, the provisions of the Municipal Code which are set forth in Exhibit G of this PUD Guide are, without limiting any other present or future regulations or provisions of the Municipal Code which have similar effect from being similarly excepted, specifically identified as provisions that directly or indirectly have the effect of materially and adversely altering, impairing, preventing, diminishing, imposing a moratorium on development, delaying or otherwise adversely affecting Master Developer’s, Developer AffiliatesLandowner’s, Affiliated Landowners’ or other Landowners’ rights (whether Vested Property Rights or other right) set forth in the Development Agreement, this PUD Guide or any approved Final Plat for any portion of the Property, and therefore shall not be applicable within The Village (at Avon) PUD. EXHIBIT B TO ORDINANCE 26-02 1650530.6 7 2985509.13 6. ConflictConflict. The Development Standards and other terms, conditions and criteria set forth in the Development Plan shall prevail and govern the development of The Village (at Avon). Where the Development Plan does not address a specific subject, the applicable provisions of the Municipal Code shall, to the extent such Municipal Code provisions are not in conflict or otherwise inconsistent with any provision of the Development Plan, control the development of The Village (at Avon). Additionally, application of such Municipal Code provisions shall not directly or indirectly have the effect of materially altering, impairing, preventing, diminishing, imposing a moratorium on development, delaying, or otherwise materially adversely affecting any of Master Developer’s, Developer AffiliatesLandowner’s, Affiliated Landowners’ or other Landowners’ Vested Property Rights set forth in the Development Plan. Provisions of the Design Review Guidelines which are more restrictive than either the Development Plan or the Municipal Code shall prevail in any instance where there is a conflict. B. TOTAL PERMITTED DENSITY. The total permitted density for The Village (at Avon) PUD shall not exceed: 1. Planning Areas A, C, D, E, F, G, H, J, K, CH-1, CH-2 RMF 1 and RMF 2 shall not exceed: (a) Commercial Uses. 825,000 consolidated Gross Square Footage of Commercial Space. (b) Dwelling Units. 2,400 Dwelling Units. Pursuant to the terms of the AffordableCommunity Housing Plan, 500 of the 2,400 Dwelling Units shall be constructed as affordable housingCommunity Housing Units, and, subject to satisfaction of the conditions precedent set forth in the AffordableCommunity Housing Plan, an additional 23 of the 2,400 Dwelling Units shall be constructed as affordable housingCommunity Housing Units. 2. The permitted Commercial Use and Dwelling Unit densities within Planning Area I shall be determined in the future pursuant to the formal amendment procedures set forth in Section H of this PUD Guide; provided, however, the permitted Commercial Space for Planning Area I shall not be less than 196,970 consolidated Gross Square Footage (which shall be in addition to the 825,000 square feet of consolidated Gross Square Footage stated in Section B.1(a)), and the permitted Dwelling Units shall not be less than 750 Dwelling Units. The Town acknowledges that Planning Area I is entitled to be developed as mixed-use development, and Uses may include Residential Uses, Commercial Uses, and public and institutional uses at densities in addition to those set forth above as approved by the Town. Until such time as a secondary access road is constructed, no non-Residential Uses shall be allowed and the maximum density of Dwelling Units shall not exceed 280 Dwelling Units. 3. Density calculations, as applicable, for development of Dwelling Units within all Planning Areas where Residential Uses are permitted shall be based on the gross acreage within the applicable Planning Area as reflected in the land use table contained in the PUD Master Plan. EXHIBIT B TO ORDINANCE 26-02 1650530.6 8 2985509.13 Density calculations shall be on a Planning Area by Planning Area basis rather than on a Final Plat by Final Plat basis or on a Site by SiteSite-by-Site basis. 4. Subject to the requirement that the maximum number of Dwelling Units within any particular Planning Area, as applicable, shall not exceed that permitted under the terms and conditions of this PUD Guide, as applicable, the actual number of Dwelling Units per acre within a particular Final Plat or Site within the affected Planning Area may exceed the maximum number of Dwelling Units per acre based on the acreage within such Final Plat or Site. By way of example, in a Planning Area containing 20 acres and subject to a maximum residential density of 18 Dwelling Unit per acre (i.e., a total of 360 Dwelling Units), a 10 acre Site within that Planning Area would be permitted to be developed with 300 Dwelling Units (i.e., 30 Dwelling Units per acre) but the remaining 10 acres could be developed with no more than 60 Dwelling Units, with the resulting density within such Planning Area in the aggregate being 18 Dwelling Units per acre (i.e., (300 + 60 = 360 Dwelling Units) / 20 acres = 18 Dwelling Units per acre). 5. Density calculations for development of Residential Uses within Planning Areas A through I, RMF 1 and RMF 2 shall exclude areas with slopes exceeding 40%. Notwithstanding the foregoing, areas with slopes exceeding 40% created by the placement of dirt stockpiles shall not be excluded for density calculations for development of Residential Uses within Planning Areas A through I, RMF 1 and RMF 2. 6. At final build-outbuild-out of the particular Planning Area, the following minimum and maximum ratios of consolidated Gross Square Footage of Commercial Space and consolidated Gross Square Footage of Residential Uses, stated as a percentage of the aggregate Gross Square Footage the Planning Area [e.g., Gross Square Footage of Commercial Space ÷ (Gross Square Footage of Commercial Space + consolidated Gross Square Footage of Residential Uses) = percentage of Gross Square Footage of Commercial Space], shall apply within the following Planning Areas: Planning Area Residential Commercial Min% Max% Min% Max% Planning Area A 30% 80% 20% 70% Planning Areas C and D 90% 100% 0% 10% Planning Area F 70% 100% 0% 30% Planning Areas G and H 0% 50% 50% 100% 7. Although classified as a Commercial Use, Accommodations Units (including those within Bed and Breakfasts, Extended Stay Hotels, Hotel, Motel and Lodge, Temporally Divided Dwelling Units, Vacation Homes and similar Commercial Uses) are considered Dwelling Units for purposes of Dwelling Unit calculation and tracking and are considered Residential Uses for purposes of Section B.6. EXHIBIT B TO ORDINANCE 26-02 1650530.6 9 2985509.13 8. In calculating the number of Dwelling Units within The Village (at Avon): (a) Each Single-family Dwelling shall be counted as one (1) Dwelling Unit. (b) Each Duplex Dwelling shall be counted as two (2) Dwelling Units. (c) Each Dwelling Unit in a Multi-family Dwelling shall be counted as one (1) Dwelling Unit. (d) Each Primary/Secondary Structure or Structures situated on the same Lot shall be counted as two (2) Dwelling Units. (e) Each guest bedroom within a Bed and Breakfast shall be counted one- thirdone-third (1/3) of a Dwelling Unit. (f) Each Temporally Divided Dwelling shall be counted as one (1) Dwelling Unit. (g) Vacation Club shall be counted as one (1) Dwelling Unit. (h) Group Home shall be counted as one (1) Dwelling Unit. (i) Accommodation Units in a particular Hotel, Motel and Lodge Use shall be counted as the greater of (X) one-thirdone-third (1/3) Dwelling Unit for each Accommodation Unit within such Use (any resulting fractional number of Dwelling Units shall be rounded up or rounded down, as applicable, to the next whole number); or (Y) in accordance with the following calculation: (i) The aggregate Gross Square Footage of all of the Accommodation Units within the applicable Hotel, Motel and Lodge Use, but specifically excluding hallways, lobby and reception areas, stairwells, elevator areas, landings and entranceways, mechanical areas, public restrooms, permanently designated corridors, public lobbies, common mall areas and all other areas exterior to the individual lodging rooms (the “Lodging Square Footage”), shall be measured and calculated. (ii) The Lodging Square Footage shall be divided by 1,800 square feet, and the result of such calculation shall be the number of Dwelling Units attributable to such Hotel, Motel and Lodge Use. Any resulting fractional number of Dwelling Units shall be rounded up or rounded down, as applicable, to the next whole number. [In example, the Lodging Square Footage of a Hotel, Motel and Lodge Use having 50 Accommodation Units each measuring 650 square feet of Gross Square Footage and 50 Accommodation Units each measuring 850 square feet of Gross Square Footage is 75,000 square feet of Gross Square Footage ((50 X 650) + (50 X 850) = 75,000). Such Hotel, Motel and Lodge Use shall be counted as 42 Dwelling Units (75,000 / 1,800 = 41.67 (rounded to 42)).] (j) Each Community Housing Unit shall be counted as one (1) Dwelling Unit. EXHIBIT B TO ORDINANCE 26-02 1650530.6 10 2985509.13 (k) Use of a Building (or applicable portion thereof) for Short Term Rental(s) will not affect the Dwelling Unit calculation. 9. The President of the Design Review Board shall submit a Dwelling Unit and Commercial Space report to the Town along with its certificate of Design Review Board approval for each development proposal approved by the Design Review Board. This report shall be a detailed statement by Planning Area of the number of Dwelling Units and amount of Gross Square Footage of Commercial Space within The Village (at Avon) to ensure that the total permitted density for The Village (at Avon) PUD is not exceeded. 10. Commercial Space is any Building which is intended to be used, rented or leased for a Commercial Use, except as expressly excepted in Sections B.10(a) and B.10(b) below. (a) The following Uses shall not be considered Commercial Space: (i) Lodging Uses, including without limitation, Bed and Breakfast, Hotel, Motel and Lodge, Accommodation Units, Extended Stay Hotel, Temporally Divided Dwelling and Vacation Club; (ii) Residential Uses; (iii) Group Home; (iv) Short term rentalsTerm Rental(s); (v) Employee housing; and (vi) Uses which the Director determines to be similar. (b) For purposes of calculating the total amount (in square feet) of Commercial Space permitted pursuant to this PUD Guide, Commercial Space shall be Gross Square Footage that is available for leasing to a tenant, with the following additional qualifications: (i) The following types of facilities operated for public activities shall not constitute Commercial Space: (1) schools, and (2) except to the extent such facilities exceed an aggregate of 200,000 consolidated Gross Square Footage, unless the Town has consented to construction of such excess Gross Square Footage, Religious Facilities, skating arenas, cultural and community centers and facilities, and recreational centers and facilities. (ii) In office Buildings, retail Buildings, Hospital Buildings, long-term care facilities and other medical facilities including, but not limited to clinics, group and congregate care facilities, independent and assisted living facilities and nursing homes, hallways, lobby and reception areas, stairwells, elevator areas, landings and entranceways, mechanical areas, public restrooms, permanently designated corridors, public lobbies, and common mall areas shall not constitute Commercial Space for purposes of calculating the total amount (in square feet) of Commercial EXHIBIT B TO ORDINANCE 26-02 1650530.6 11 2985509.13 Space permitted pursuant to this PUD Guide unless actually leased to an individual tenant. (iii) In Lodging Uses, hallways, lobby and reception areas, stairwells, elevator areas, public restrooms, permanently designated corridors, landings, entranceways, meeting and banquet rooms and facilities, sundries shops, breakfast shops and other shops intended to cater primarily to Lodging Uses guests shall not constitute Commercial Space for purposes of calculating the total amount (in square feet) of Commercial Space permitted pursuant to this PUD Guide, but retail areas intended to cater primarily to non-Lodging Use guests and full-service Restaurants shall constitute Commercial Space for such purposes. (iv) In a Building or Site, for which the primary purpose is a Residential Use, including Community Housing Units, a Child Care Center or a similar Use shall not constitute Commercial Space for purposes of calculating the total amount (in square feet) of Commercial Space permitted pursuant to this PUD Guide. (v) (iv) In any Building, parking areas and Parking Structures shall not constitute Commercial Space for purposes of calculating the total amount (in square feet) of Commercial Space permitted pursuant to this PUD Guide. C. GENERAL LAND USE DESIGNATIONS.. 1. DesignationsDesignations. The following list identifies Planning Areas within The Village (at Avon) PUD and their respective general land use designations: (a) Planning Area A: Village Center Mixed-Use Projects (b) Planning Area B: Community Facilities (c) Planning Areas C and D: Village Residential Mixed-Use Projects (d) Planning Area E: School (e) Planning Areas F, G, H and I: Regional Commercial Mixed-Use Projects (f) Planning Area J: Regional/Neighborhood Commercial and Residential Mixed Use Projects (g) Planning Area K: Hillside Residential (h) Planning Areas RMF-1-1 and RMF-2-2: Multi-Family Residential (i) Planning Areas OS1 through OS7, inclusive: Natural Open Space (j) Planning Areas P1 through P3, inclusive: Parkland (k) Planning Areas PF-1 through-2 and PF-3, inclusive-3: Public Facilities EXHIBIT B TO ORDINANCE 26-02 1650530.6 12 2985509.13 (l) Planning Areas CH-1 and CH-2: Community Housing Units 2. Permitted UsesPermitted Uses. Notwithstanding the generality of the foregoing land use designations, Uses and Use Categories permitted within each Planning Area are set forth in Section D (Development Standards), Section F (Temporary Uses and Structures) and Section I (Supplemental Regulations) of this PUD Guide, and certain of such Uses and Use Categories are defined in Exhibit HI of this PUD Guide. D. DEVELOPMENT STANDARDS WITHIN THE VILLAGE (AT AVON) PUD.. 1. General.. (a) The following Development Standards shall govern development of the referenced Planning Areas. Uses permitted within The Village (at Avon) include all Use Categories and all Uses within each Use Category, together with Accessory Uses, Primary Structures and Accessory Structures relating to such Uses. Within each individual Planning Area, such Uses are designated as Uses by Right, Special Review Uses or Prohibited Uses. A Use by Right within a particular Planning Area includes all Uses within the specified Use Category except to the extent specifically designated as a Special Review Use or a Prohibited Use. (b) Where particular Uses within a Use Category are listed as Uses by Right within a particular Planning Area and the Use Category also is listed as a Use by Right, such particularly listed Uses shall be construed as examples and clarifications of the Use Category and not as limitations on other Uses within the Use Category being developed as Uses by Right. Where particular Uses within a Use Category are listed as Uses by Right with a particular Planning Area but the Use Category is not listed as a Use by Righ t, then such particularly listed Uses shall be construed as Uses by Right that are exceptions to the Use Category and the remainder of Uses with the Use Category shall be interpreted to not be Use(s) by Right. (c) Temporary Uses may be permitted in The Village (at Avon) in accordance with the Development Code, even though such Uses otherwise may be within a Use Category that is not permitted within the applicable Planning Area. (d) Uses not identified as a Use by Right, Special Review Use, Temporary Use or Interim Use shall be a Prohibited Use unless determined by the Director that the proposed use is substantially similar to a Use by Right, Special Review Use, Temporary Use, or Interim Use. The listing of Prohibited Uses for each Planning Area is not exhaustive and shall not limit the interpretation of Uses by Right, Special Review Uses, Temporary Uses or Interim Uses stated in the preceding sentence. (e) In all Planning Areas, Architectural Projections may project ten (10) feet or less beyond the applicable Building Envelope with the prior written consent of the Design Review Board. Architectural Projections may project greater than ten (10) feet beyond the applicable Building Envelope with the prior written consent of the Design Review Board and the Town. EXHIBIT B TO ORDINANCE 26-02 1650530.6 13 2985509.13 (f) Development applications in all Planning Areas may include a concurrent application to increase or decrease the PUD Guide’s Development Standards (a “Development Bonus”) in accordance with the standards and review criteria set forth in Section 7.16.170 of the Municipal Code. The process for review of a Development Bonus shall follow Section 7.16.170 of the Municipal Code with the following modifications: (i) a Development Bonus application shall be submitted concurrently with Preliminary Design application as required by the Design Review Board and (ii) the Development Bonus application shall be subject to review and approval by the applicable Landowner, the Design Review Board and the Master Landowner. Any Development Bonus approved in all respects by the Landowner, Design Review Board, Master Landowner and Town shall be Recorded against the applicable portion of the Property and, upon such approval and Recording, shall automatically constitute an administrative amendment to this PUD Guide. 2. Planning Area A - Village Center Mixed Use Project.. (a) Uses by Right: Except as specifically identified as Special Review Uses in Section D.2(b) below or specifically prohibited in Section D.2(c) below, the following Primary Uses and Accessory Uses: (i) Commercial Uses; provided, however, no single retail business shall occupy more than 60,000 of consolidated Gross Square Footage. (ii) Animal Boarding (excluding outdoor Animal Boarding) as an Accessory Use to another Commercial Use only, and subject to review and written approval by the Design Review Board authorizing such Use. (iii) Kennels (excluding outdoor Kennels) as an Accessory Use to another Commercial Use only, and subject to review and written approval by the Design Review Board authorizing such Use. (iv) Convenience Retail (without fuel). (v) Restaurants (without drive-through window service). (vi) Financial institutions (without drive-through window service). (vii) Residential Uses. (viii) Short Term Rental(s). (ix) (viii) Mixed Use Projects; provided, however, (a) no Uses specifically prohibited in Section D.2(c) below shall be included in such Mixed Use Project, and (b) no Uses specifically identified as Special Review Uses in Section D.2(b) below shall be included except pursuant to the review and approval processes set forth in Section E below. (x) (ix) Cabled Telecommunications Equipment, Cabled Telecommunications Facilities and Cabled Telecommunications Services, each of EXHIBIT B TO ORDINANCE 26-02 1650530.6 14 2985509.13 the foregoing being subject to review and written approval by the Design Review Board authorizing such Use. (xi) (x) Wireless Telecommunications Equipment (excluding antenna towers), Wireless Telecommunications Facilities (excluding antenna towers) and Wireless Telecommunications Services, each of the foregoing being subject to review and written approval by the Design Review Board authorizing such Use.. (xii) (xi) Dry Utilities. (xiii) (xii) Infrastructure. (xiv) (xiii) Indoor recreation and/or entertainment facilities. (xv) (xiv) Outdoor recreation and/or entertainment facilities that do not include the use of amplified music. (xvi) (xv) Parks and Open Space. (xvii) (xvi) Commercial Parking, Private Parking, Public Parking and public and private transportation and transit facilities, including but not limited to, Parking Structures, Bus Stops, Bus Shelters, rail stations, tramways, gondolas and lifts. (xviii) (xvii) Outdoor Storage of merchandise for sale and only as an Accessory Use to a retail Use. (xix) (xviii) Accessory Uses and Structures customarily appurtenant to Uses by Right. (xx) (xix) Agricultural Use (as an Interim Use only). (xxi) (xx) Rodeo and ancillary carnival (as an Interim Use only). (xxii) (xxi) Recycling Facility (as an Interim Use only). (xxiii) (xxii) Snow storage (as an Interim Use only). (xxiv) (xxiii) Mobile Home office/storage Use and community garden (as an Interim Use only). (xxv) (xxiv) Driving course and accessory hospitality services related to automobile demonstrations, promotions and sales, not to exceed 10 days in the aggregate in a calendar year (as an Interim Use), provided that such Use exceeding 10 days in the aggregate in a calendar year shall be a Temporary Use. (xxvi) (xxv) Additional Uses which the Director determines to be similar to uses by right. EXHIBIT B TO ORDINANCE 26-02 1650530.6 15 2985509.13 (b) Special Review Uses: The following Uses shall be permitted pursuant to the review and approval processes set forth in Section E below: (i) Single retail businesses occupying more than 60,000 of consolidated Gross Square Footage. (ii) Educational facilities, including but not limited to, public and private schools, universities and colleges. (iii) Automobile Repair Shop (Minor). (iv) Outdoor entertainment facilities that include the use of amplified music. (v) Hospital (vi) Heliport, only as an Accessory Use to a Hospital or other medical facility, including but not limited to a clinic. (vii) Hotel Uses (including without limitation, hotel Uses comprising a portion of a Mixed Use Project) which exceed 80 feet in Building Height. (viii) Car wash. (ix) Drive-in Uses. (x) Religious Facility. (xi) Service Station (for the sale of only electric form of fuel for motorized vehicles). (xii) Restaurants (with drive-through window service). (xiii) Financial institutions (with drive-through window service). (xiv) Recycling Facilities (except as permitted in Section D.2(a) above). (xv) Rock and gravel crushing operations related to rock and gravel materials excavated within The Village (at Avon) PUD. (xvi) Wireless Telecommunications Equipment (antenna towers only) and Wireless Telecommunications Facilities (antenna towers only), each of the foregoing being subject to review and written approval by the Design Review Board authorizing such Use. EXHIBIT B TO ORDINANCE 26-02 1650530.6 16 2985509.13 (c) Prohibited Uses: (i) Animal Boarding (outdoor). (ii) Automobile Repair Shop (Major). (iii) Family Child Care Home. (iv) Group Home. (v) Industrial Uses. (vi) Kennels (outdoor). (vii) Mobile Homes. (viii) Medical Marijuana Businesses. (ix) Nude Entertainment Establishments. (x) Outdoor Storage (except as expressly allowed as a Use by Right in Section D.2(a)). (xi) Recycling Processing Facility. (xii) Service Station (except as specifically identified as a Special Review Use in Section D.2(b)). (xiii) Tattoo parlor, body piercing. (d) Building Envelope Requirements: (i) Minimum Building Setbacks: (1) Southerly and Westerly boundaries of Planning Area A: 20 feet. (2) All others: None, except as may be necessary to accommodate utilities, drainage, access, fire and building code regulations and the flood plain of live streams. (ii) Maximum Building Height: (1) Portions of Planning Area A located less than 250 feet from the southerly boundary of Planning Area A: 5560 feet, and a maximum of five Stories. (2) Portions of Planning Area A located 250 or more feet from the southerly boundary of Planning Area A: 80 feet, provided that hotel EXHIBIT B TO ORDINANCE 26-02 1650530.6 17 2985509.13 Uses (including without limitation, hotel Uses comprising a portion of a Mixed Use Project) exceeding 80 feet shall be permitted up to a maximum Building Height of 110 feet as a Special Review Use as specifically identified in Section D.2(b). (iii) Maximum Site Coverage: (1) Portions of Planning Area A located less than 250 feet from the southerly boundary of Planning Area A: 80% (2) Portions of Planning Area A located 250 or more feet from the southerly boundary of Planning Area A: 100% (iv) Minimum Lot Area: Not applicable. (e) Residential Density Maximum: 25 Dwelling Units per acre. (f) Parking Requirements: As set forth in the Parking Regulations. (g) Supplemental Regulations: All development is further subject to the supplemental regulations set forth in Section I below. (h) Street Requirements: Streets are subject to the standards set forth in Exhibit F of this PUD Guide. 3. Planning Area B - Community Facilities.. (a) Uses by Right: Except as specifically identified as Special Review Uses in Section D.3(b) below or specifically prohibited in Section D.3(c) below, the following Primary Uses and Accessory Uses: (i) Parks and Open Space. (ii) Community Facilities and related amenities, including without limitation, accessory Commercial Uses, including food and beverage concessions, as may be mutually approved by the Town and the Design Review Board. (iii) Agricultural Use (as an Interim Use only). (iv) Infrastructure. (v) Dry Utilities. (vi) Snow storage (as an Interim Use only). (vii) Water storage and water resource management facilities. EXHIBIT B TO ORDINANCE 26-02 1650530.6 18 2985509.13 (b) Special Review Uses: The following Uses shall be permitted pursuant to the review and approval processes set forth in Section E below: (i) Outdoor entertainment facilities that include the use of amplified music. (c) Prohibited Uses: (i) Commercial Uses. (ii) Residential Uses. (iii) Industrial Uses. (iv) Mixed Use Projects (except as specifically included as a Use By Right in Section D.3(a) above). (d) Building Envelope Requirements: (i) Minimum Building Setbacks: 20 feet from the adjacent road right-of-way. 20 feet from property line abutting Planning Area A. None from property line abutting Main Street. There shall be no other setback requirements except as may be necessary to accommodate utilities, drainage, access, fire and building code regulations and flood plain of live streams. (ii) Maximum Building Height: 60 feet. (iii) Maximum Site Coverage: 20% (iv) Minimum Lot Area: Not applicable. (e) Parking Requirements: As set forth in the Parking Regulations, and as provided therein, parking requirements may be satisfied by provision of off-site parking, including without limitation, off-site shared parking, in accordance with the Parking Regulations. (f) Supplemental Regulations: All development is further subject to the supplemental regulations set forth in Section I below. (g) Street Requirements: Streets are subject to the standards set forth in Exhibit F of this PUD Guide. 4. Planning Areas C and D - Village Residential Mixed Use Projects.. (a) Uses by Right: Except as specifically identified as Special Review Uses in Section D.4(b) below or specifically prohibited in Section D.4(c) below, the following Primary Uses and Accessory Uses: (i) Residential Uses. EXHIBIT B TO ORDINANCE 26-02 1650530.6 19 2985509.13 (ii) Short Term Rental(s). (iii) (ii) Commercial Uses that have frontage on Main Street. (iv) (iii) Agricultural Use (as an Interim Use only). (v) (iv) Community Facilities. (vi) (v) Vacation Club and Temporally Divided Dwellings. (vii) (vi) Mixed Use Projects (provided, however, no Uses specifically prohibited in Section D.4(c) below shall be included in such Mixed Use Project, and no Uses specifically identified as Special Review Uses in Section D.4(b) below shall be included except pursuant to the review and approval processes set forth in Section E below). (viii) (vii) Commercial Parking, Private Parking, Public Parking, and public and private transportation and transit facilities, including but not limited to, Parking Structures, Bus Stops, Bus Shelters, rail stations, tramways, gondolas and lifts. (ix) (viii) Cabled Telecommunications Equipment, Cabled Television Facilities and Cabled Telecommunications Services, each of the foregoing being subject to review and written approval by the Design Review Board authorizing such Use. (x) (ix) Wireless Telecommunications Equipment (excluding antenna towers), Wireless Telecommunications Facilities (excluding antenna towers) and Wireless Telecommunications Services, each of the foregoing being subject to review and written approval by the Design Review Board authorizing such Use. (xi) (x) Infrastructure. (xii) (xi) Dry Utilities. (xiii) (xii) Indoor recreation and/or entertainment facilities. (xiv) (xiii) Outdoor recreation and/or entertainment facilities that do not include the use of amplified music. (xv) (xiv) Parks and Open Space. (xvi) (xv) Minor Home Occupations. (xvii) (xvi) Planning Area C Only: (1) Pedestrian bridges. (2) Hotel, Motel and Lodge. EXHIBIT B TO ORDINANCE 26-02 1650530.6 20 2985509.13 (3) Bed and Breakfast. (xvii) Planning Area D Only: (1) Recycling Facility and accessory trash facility (as an Interim Use only). (xviii) Accessory Uses and Structures customarily appurtenant to the foregoing Uses by Right. (xix) Additional Uses which the Director determines to be similar to the foregoing Uses by Right. (b) Special Review Uses: The following Uses shall be permitted pursuant to the review and approval processes set forth in Section E below: (i) In Planning Area D having frontage on Main Street only: (1) Hotel, Motel and Lodge. (2) Bed and Breakfast. (3) Educational facilities, including but not limited to, public and private schools, universities, colleges and Child Care Centers. (4) Hospitals. (5) Heliport, only as an Accessory Use to a Hospital or other medical facility, including but not limited to a clinic. (6) Religious Facilities, museums, libraries and public buildings. (7) Outdoor entertainment facilities that include the use of amplified music (subject to the review and written approval of the Design Review Board authorizing such Use). (ii) Rock and gravel crushing operations related to rock and gravel materials excavated within The Village (at Avon) PUD, each of the foregoing being subject to review and written approval by the Design Review Board authorizing such Use. (iii) Wireless Telecommunications Equipment (antenna towers only) and Wireless Telecommunications Facilities (antenna towers only), each of the foregoing being subject to review and written approval by the Design Review Board authorizing such Use. EXHIBIT B TO ORDINANCE 26-02 1650530.6 21 2985509.13 (c) Prohibited Uses: (i) Automobile Repair Shops (Major). (ii) Animal Boarding (outdoor). (iii) Industrial Uses. (iv) Kennels (outdoor). (v) Mobile Homes. (vi) Medical Marijuana Businesses. (vii) Nude Entertainment Establishments. (viii) Outdoor Storage, except as specifically identified as a Special Review Use in Section D.4(b). (ix) Recycling Processing Center. (x) Service Stations. (xi) Tattoo parlor, body piercing. (d) Building Envelope Requirements: (i) Minimum Building Setbacks: (1) Front: 25 feet (2) Side: None (3) Rear: 10 feet (4) Southerly boundary of Planning Area D: 20 feet (ii) Maximum Building Height: 48 feet. (iii) Minimum Landscaped Area: 20% (iv) Minimum Lot Area: Not applicable. (e) Residential Density Maximum: 18 Dwelling Units per acre. (f) Parking Requirements: As set forth in the Parking Regulations. (g) Supplemental Regulations: All development is further subject to the supplemental regulations set forth in Section I below. EXHIBIT B TO ORDINANCE 26-02 1650530.6 22 2985509.13 (h) Street Requirements: Streets are subject to the standards set forth in Exhibit F of this PUD Guide. 5. Planning Area E – School.. (a) Purpose: To mitigate the impact of the Residential Uses proposed for development within The Village (at Avon) by providing land for school needs generated by the Residential Uses proposed for development within The Village (at Avon) directly for the benefit of the children of the Town as reasonably necessary to serve The Village (at Avon) and future residents thereof. (b) Uses by Right: The following Primary Uses and Accessory Uses: (i) Educational uses, limited to use as a state authorized or state accredited educational facility serving grades K -12-12 (or any portion of such grades). (ii) Agricultural Use (as an Interim Use only). (iii) Subject to prior written approval from the Design Review Board authorizing such Uses, the following education-related Uses: (1) Child Care FacilitiesCenter. (2) Pre-school facilities. (3) Community/adult educational facilities. (4) Cultural and/or art classes. (5) Recreational facilities. (6) Museums. (iv) Infrastructure. (v) Dry Utilities. (vi) Such other cultural/community service oriented Uses and facilities as the Design Review Board may authorize in writing. (c) Building Envelope Requirements: (i) Minimum Building Setbacks: (1) Front: 25 feet (2) Side: 7.5 feet EXHIBIT B TO ORDINANCE 26-02 1650530.6 23 2985509.13 (3) Rear: 10 feet (ii) Maximum Building Height: 35 feet. (iii) Minimum Lot Area: Not applicable. (d) Parking Requirements: As set forth in the Parking Regulations. (e) Supplemental Regulations: All development is further subject to the supplemental regulations set forth in Section I below. (f) Street Requirements: Streets are subject to the standards set forth in Exhibit F of this PUD Guide. 6. Planning Areas F, G, H and I – Regional Commercial Mixed Use Projects.. (a) Uses by Right: Except as specifically identified as Special Review Uses in Section D.6(b) below or specifically prohibited in Section D.6(c) below, the following Primary Uses and Accessory Uses: (i) Commercial Uses, provided, however, no single retail business on Planning Area F shall occupy more than 60,000 of consolidated Gross Square Footage. (ii) Residential Uses. (iii) Mixed Use Projects (provided, however, no Uses specifically prohibited in Section D.6(c) below shall be included in such Mixed Use Project, and no Uses specifically identified as Special Review Uses in Section D.6(b) below shall be included except pursuant to the review and approval processes set forth in Section E below). (iv) Agricultural Uses (as an Interim Use only). (v) Community Facilities. (vi) Cabled Telecommunications Equipment, Cabled Television Facilities and Cabled Telecommunications Services, each of the foregoing being subject to review and written approval of such Use by the Design Review Board. (vii) Wireless Telecommunications Equipment (excluding antenna towers), Wireless Telecommunications Facilities (excluding antenna towers) and Wireless Telecommunications Services, each of the foregoing being subject to review and written approval by the Design Review Board authorizing such Use. (viii) Infrastructure. (ix) Dry Utilities. EXHIBIT B TO ORDINANCE 26-02 1650530.6 24 2985509.13 (x) Private and public transportation and transit, including without limitation, Bus Stops, Bus Shelters, rail stations, tramways, gondolas and lifts. (xi) Religious Facilities, museums, libraries and public buildings. (xii) Indoor recreation and/or entertainment facilities that do not include the use of amplified music. (xiii) Outdoor entertainment facilities that include the use of amplified music (subject to review and written approval of such Use by the Design Review Board). (xiv) Outdoor recreation and/or entertainment facilities that do not include the use of amplified music. (xv) Parks and Open Space. (xvi) Child Care Center. (xvii) Animal Boarding (excluding outdoor Animal Boarding), subject to review and written approval by the Design Review Board authorizing such Use. (xviii) Kennels (excluding outdoor Kennels), subject to review and written approval by the Design Review Board authorizing such Use. (xix) Construction staging (as an Interim Use only). (xx) Planning Areas F and I Only: (1) Recycling Facility. (xxi) Planning Area I Only: (1) Pedestrian and vehicular bridges, bridge abutments and improvements reasonably related thereto. (2) Automobile Repair Shops (Major and Minor). (3) Light Industrial Uses. (xxii) Additional Uses which the Director determines to be similar to the foregoing Uses by Right. (xxiii) Accessory Uses and Structures customarily appurtenant to the foregoing Uses by Right. (b) Special Review Uses: The following Uses shall be permitted pursuant to the review and approval processes set forth in Section E below: EXHIBIT B TO ORDINANCE 26-02 1650530.6 25 2985509.13 (i) Single retail businesses onin Planning Area F occupying more than 60,000 of consolidated Gross Square Footage. (ii) Educational facilities including, but not limited to public and private schools, universities, and colleges. (iii) Service Station. (iv) Animal Boarding (outdoor), subject to review and written approval by the Design Review Board authorizing such Use. (v) Kennels (outdoor), subject to review and written approval by the Design Review Board authorizing such Use. (vi) Rock and gravel crushing operations related to rock and gravel materials excavated within The Village (at Avon) PUD. (vii) Heliport, only as an Accessory Use to a Hospital or other medical facility, including but not limited to a clinic (subject to review and written approval by the Design Review Board authorizing such Use). (viii) Wireless Telecommunications Equipment (antenna towers only) and Wireless Telecommunications Facilities (antenna towers only), each of the foregoing being subject to review and written approval by the Design Review Board authorizing such Use. (ix) Planning Areas F, G and H Only: (1) Animal Boarding (outdoor). (2) Kennels (outdoor). (3) Hospitals. (x) Planning Area I Only: (1) Hotel Uses (including without limitation, hotel Uses comprising a portion of a Mixed Use Project) which exceed 55 feet in Building Height. (c) Prohibited Uses: (i) Heavy Industrial Uses. (ii) Medical Marijuana Businesses. (iii) Nude Entertainment Establishments. (iv) Planning Areas F, G and H Only: EXHIBIT B TO ORDINANCE 26-02 1650530.6 26 2985509.13 (1) Automobile Repair Shops (Major). (2) Family Child Care Home. (3) Group Home. (4) Mobile Homes. (5) Recycling Processing Center. (6) Tattoo parlor, body piercing. (d) Building Envelope Requirements: (i) Minimum Building Setbacks: (1) Commercial Uses: a. Front: 25 feet b. Side: None c. Rear: 10 feet d. Abutting Interstate 70 or railroad right-of- wayright-of-way: 20 feet (2) Industrial Uses: a. Front: 25 feet b. Side: 7.5 feet c. Rear: 10 feet d. Abutting Interstate 70 or railroad right-of-way: 20 feet (3) Residential Uses: a. Front: 25 feet b. Side: 7.5 feet c. Rear: 10 feet d. Abutting Interstate 70 or railroad right-of- wayright-of-way: 20 feet EXHIBIT B TO ORDINANCE 26-02 1650530.6 27 2985509.13 e. A Building having a Building Height exceeding 48 feet on Planning Area F only: (i) abutting existing Post Boulevard: 40 feet; and (ii) abutting current East Beaver Creek Boulevard (future Main Street): 100 feet (4) Vertically-integrated Mixed Use Projects: a. Front: 25 feet b. Side: None c. Rear: 10 feet d. Abutting Interstate 70 or railroad right-of- wayright-of-way: 20 feet e. A Building having a Building Height exceeding 48 feet on Planning Area F only: (i) abutting existing Post Boulevard: 40 feet; and (ii) abutting current East Beaver Creek Boulevard (future Main Street): 100 feet (ii) Maximum Building Height: (1) Commercial Uses: a. Hotel Uses (including without limitation, hotel Uses comprising a portion of a Mixed Use Project) on Planning Area I only: 55 feet, provided that such Uses may be permitted up to a maximum Building Height of 135 feet as specifically identified as a Special Review Use in Section D.6(b). b. Hospitals onin Planning Area I only: 80 feet. c. All other Commercial Uses: 48 feet. (2) Industrial Uses: 48 feet. (3) Residential Uses: a. Single-familySingle-family Dwellings and Duplex Dwellings: 35 feet. b. Multi-family Dwellings on Planning Areas G, H and I: 48 feet. c. Multi-family Dwellings on Planning Area F only: 58 feet, and not to exceed four Stories. EXHIBIT B TO ORDINANCE 26-02 1650530.6 28 2985509.13 (4) Vertically-integrated Mixed Use Projects (except as set forth in Section D.6(d)(ii)(1) with respect to hotels comprising a portion of a Mixed Use Project): a. On Planning Areas G, H and I: 48 feet. b. On Planning Area F only: 58 feet, and not to exceed four Stories. (iii) Minimum Landscaped Area: 20%. (iv) Minimum Lot Area: Not applicable. (v) Maximum Site Coverage: 50% on Planning Area F only (e) Residential Density Maximum: (i) Planning Area F: 22 Dwelling Units per acre. (ii) Planning Areas G and H: 18 Dwelling Units per acre. (iii) Planning Area I: Subject to this Section D.6(e)(iii), 15 Dwelling Units per acre, subject to the following: cul-de-sacs may exceed 1,000 feet in length and service not more than 280 Dwelling Units within Planning Area I, and that the portion of a cul-de-saccul-de-sac that is in excess of 1,000 feet shall not service Commercial Uses. With respect to any cul-de-saccul-de-sac located both within and outside of Planning Area I, (i) no Dwelling Units served by the portion of such cul-de-sac located outside of Planning Area I shall be counted toward the foregoing 280 Dwelling Unit limitation; and (ii) the portion of any such cul-de-sac located within Planning Area I shall be deemed separate and distinct from, and not included with, any portion of the same cul-de-sac located outside of Planning Area I for purposes of calculating the Dwelling Units counted toward the foregoing 280 Dwelling Unit limitation. (f) Parking Requirements: As set forth in the Parking Regulations. (g) Supplemental Regulations: All development is further subject to the supplemental regulations set forth in Section I below. (h) Street Requirements: Subject to Section D.6(e)(iii), streets are subject to the standards set forth in Exhibit F of this PUD Guide. EXHIBIT B TO ORDINANCE 26-02 1650530.6 29 2985509.13 7. Planning Area J – Regional/Neighborhood Commercial and Residential Mixed Use Projects.. (a) Uses by Right: Except as specifically identified as Special Review Uses in Section D.7(b) below or specifically prohibited in Section D.7(c) below, the following Primary Uses and Accessory Uses: (i) Residential Uses. (ii) Short Term Rental(s). (iii) (ii) Commercial Uses. (iv) (iii) Mixed Used Projects; provided, however, (a) no Uses specifically prohibited in Section D.7(c) below shall be included in such Mixed Use Project, and (b) no Uses specifically identified as Special Review Uses in Section D.7(b) below shall be included except pursuant to the review and approval processes set forth in Section E below. (v) (iv) Automobile Repair Shops (Minor). (vi) (v) Community Facilities. (vii) (vi) Agricultural Use (as an Interim Use only). (viii) (vii) Cabled Telecommunications Equipment, Cabled Television Facilities and Cabled Telecommunications Services, each of the foregoing being subject to review and written approval by the Design Review Board authorizing such Use. (ix) (viii) Wireless Telecommunications Equipment (excluding antenna towers), Wireless Telecommunications Facilities (excluding antenna towers) and Wireless Telecommunications Services, each of the foregoing being subject to review and written approval by the Design Review Board authorizing such Use. (x) (ix) Infrastructure. (xi) (x) Dry Utilities. (xii) (xi) Bus Stops, Bus Shelters, tramways, gondolas and lifts. (xiii) (xii) Recreational facilities. (xiv) (xiii) Parks and Open Space. (xv) (xiv) Additional uses which the Director determines to be similar to Uses by right. EXHIBIT B TO ORDINANCE 26-02 1650530.6 30 2985509.13 (xvi) (xv) Accessory Uses and Structures customarily appurtenant to Uses by Right. (b) Special Review Uses: The following Uses shall be permitted pursuant to the review and approval processes set forth in Section E below: (i) Child Care Center. (ii) Religious Facilities, museums, libraries and public buildings. (iii) Rock and gravel crushing operations related to rock and gravel materials excavated within The Village (at Avon) PUD. (iv) Wireless Telecommunications Equipment (antenna towers only) and Wireless Telecommunications Facilities (antenna towers only), each of the foregoing being subject to review and written approval by the Design Review Board authorizing such Use. (c) Prohibited Uses: (i) Automobile Repair Shops (Major). (ii) Medical Marijuana Businesses. (iii) Nude Entertainment Establishments. (iv) Tattoo parlor, body piercing. (d) Building Envelope Requirements: (i) Building Setback Requirements: (1) Residential Uses: a. Front: 20 feet (except as provided below). b. Side: 10 feet (except as provided below). c. Rear: 10 feet (except as provided below). (2) Commercial Uses: a. Front: 20 feet (except as provided below). b. Side: None (except as provided below). c. Rear: 10 feet (except as provided below). EXHIBIT B TO ORDINANCE 26-02 1650530.6 31 2985509.13 (3) Notwithstanding the foregoing: a. 10 feet is the minimum front Building Setback for Blocks 1 and 2 of the Final Plat, Avon Landing, a Replat of Tract H, the Village (at Avon), Filing No. 3; and b. (3) Notwithstanding the foregoing, the minimum Building Setback abutting the Interstate 70 right-of-way shall be 20 feet. (ii) Maximum Building Height: (1) Commercial (excepting Hotel, Motel and Lodge Uses) and Light Industrial Uses: 48 feet. (2) Residential Uses: a. Single-family Dwellings and Duplex Dwellings: 35 feet. b. Multi-family Dwellings: 48 feet. (2) (3) Vertically-integratedResidential Uses and Vertically-integrated Mixed Use Projects: 4860 feet, and a maximum of five Stories. (3) (4) Hotel, Motel and Lodge Uses: 55 feet. (iii) Minimum Landscaped Area: 20% (iv) Minimum Lot Area: Not applicable. (e) Residential Density Maximum: 18 Dwelling Units per acre. (f) Parking Requirements: As set forth in the Parking Regulations. (g) Supplemental Regulations: All development is further subject to the supplemental regulations set forth in Section I below. (h) Street Requirements: Streets are subject to the standards set forth in Exhibit F of this PUD Guide; provided, however, (i) Section A.4(g)(ii) of Exhibit F of this PUD Guide shall not apply to Planning Area J and, with respect to all or any portion of any cul-de-saccul-de-sac located within Planning Area J, there is no restriction on the length of such cul-de-sac, service to Commercial Uses by the cul-de-saccul-de-sac or the number of Dwelling Units that may be served by the cul-de-saccul-de-sac; and (ii) notwithstanding any contrary provision of Section A.1(viii) of Exhibit F of this PUD Guide, if Road E (as conceptually illustrated in Exhibit F of this PUD Guide) does not connect at the roundabout at Post Boulevard and Swift Gulch Road and instead connects directly to future Swift Gulch Road (conceptual) east of such roundabout, the street type (i.e., rural local road, EXHIBIT B TO ORDINANCE 26-02 1650530.6 32 2985509.13 urban local road, etc.) of the portion of future Swift Gulch Road located between the roundabout and the connection point to Road E will be determined in accordance with a traffic study produced pursuant to the requirements of the Development Code.. 8. Planning Area K - Hillside Residential.. (a) Uses by Right: Except as specifically prohibited in Section D.8(b) below, the following Primary Uses and Accessory Uses: (i) Single-Family Dwelling. (ii) Duplex Dwelling. (iii) Community Housing Units. (iv) (iii) Primary/Secondary Structure. (v) (iv) Agricultural Use (as an Interim Use only). (vi) (v) Cabled Telecommunications Equipment, Cabled Television Facilities and Cabled Telecommunications Services, each of the foregoing being subject to review and written approval by the Design Review Board authorizing such Use. (vii) (vi) Wireless Telecommunications Equipment (excluding antenna towers), Wireless Telecommunications Facilities (excluding antenna towers) and Wireless Telecommunications Services, each of the foregoing being subject to review and written approval by the Design Review Board authorizing such Use. (viii) (vii) Infrastructure. (ix) (viii) Dry Utilities. (x) (ix) Recreational facilities. (xi) (x) Parks and Open Space. (xii) (xi) Religious Facilities, including without limitation, cemeteries. (xiii) (xii) Conceptual Lot 1 (as depicted on the PUD Master Plan) Only: Homeowner association facilities including, but not limited to, a caretaker unit (as a Secondary Structure), clubhouse, recreational facilities and other similar facilities and amenities. (xiv) (xiii) Accessory Uses and Structures customarily appurtenant to Uses by Right. (xv) (xiv) Additional uses which the Director determines to be similar to Uses by Right. EXHIBIT B TO ORDINANCE 26-02 1650530.6 33 2985509.13 (b) Special Review Uses: (i) Rock and gravel crushing operations related to rock and gravel materials excavated within The Village (at Avon) PUD. (ii) Wireless Telecommunications Equipment (antenna towers only) and Wireless Telecommunications Facilities (antenna towers only), each of the foregoing being subject to review and written approval by the Design Review Board authorizing such Use. (c) Prohibited Uses: (i) Commercial Uses (except as specifically included in Sections D.8(a) or D.8(b)). (ii) Industrial Uses. (d) Building Envelope Requirements: The layout, location, size and number of Lots within Planning Area K as depicted on the PUD Master Plan are conceptual, non- binding and provided only for illustrative purposes only. The precise layout, location, size and number of Lots and the precise location of the Building Envelope for each Lot within Planning Area K will be as established by and reflected in the Final Plat creating the Lot, and shall be based on various site specific features of the Lot such as the topography, grade, natural vegetation and similar matters, but shall generally comply with the following requirements unless such compliance is determined to be impractical or unreasonable. (i) Minimum Building Setbacks: (1) Front: 25 feet (except as set forth below). (2) Side: 20 feet (except as set forth below). (3) Rear: 20 feet (except as set forth below). (4) For conceptual Lot 1 (as depicted on the PUD Master Plan): 20 feet from the property line, except as otherwise required to accommodate utilities, drainage, access, fire and building code regulations, and the flood plain of live streams. (ii) Maximum Building Height: 35 feet. (iii) Maximum Site Coverage: (1) Single-Family Residential Uses: the lesser of (a) 1 acre of the applicable Lot; or (b) 80% of the applicable Lot, provided that the final Site coverage shall be the Building Envelope for each Lot on the Final Plat creating the applicable Lot, provided further that, in any event, such Building Envelope shall comply with the requirements of this Section. EXHIBIT B TO ORDINANCE 26-02 1650530.6 34 2985509.13 (2) All other Uses: the final Site coverage shall be the Building Envelope for each Lot on the Final Plat creating the applicable Lot, provided further that, in any event, such Building Envelope shall comply with the requirements of this Section. (iv) Minimum Lot Area: 1 acre. (e) Residential Density Maximum: Subject to this Section D.8(e), cul-de- sacscul-de-sacs may exceed 1,000 feet in length and service not more than 280 Dwelling Units in the aggregate within Planning Area K and Planning Area RMF-1-1; provided, however, the portion of a cul-de-saccul-de-sac that is in excess of 1,000 feet shall not service Commercial Uses except those Commercial Uses specifically included in Sections D.8(a) or D.8(b). With respect to any cul-de-saccul-de-sac portions of which are located both within and outside of Planning Area K, (i) no Dwelling Units served by the portions of such cul-de-saccul-de-sac located outside of Planning Area K, excepting any Dwelling Units located within Planning Area RMF-1-1 and served by such cul-de-sac, shall be counted toward the foregoing 280 Dwelling Unit limitation; and (ii) the portion of any such cul-de-sac located within Planning Area K shall be deemed separate and distinct from, and not included with, any portion of the same cul-de-saccul-de-sac located outside of Planning Area K, excepting any portion of such cul-de-saccul-de-sac located within Planning Area RMF-1-1, for purposes of calculating the Dwelling Units counted toward the foregoing 280-Dwelling Unit limitation. (f) Parking Requirements: As set forth in the Parking Regulations. (g) Supplemental Regulations: All development is further subject to the supplemental regulations set forth in Section I below. (h) Street Requirements: Subject to Section D.8(e) , streets are subject to the standards set forth in Exhibit F of this PUD Guide. 9. Planning Areas RMF 1 and RMF 2 - Residential Multi-Family.. (a) Uses By Right: The following Primary Uses and Accessory Uses: (i) Residential Uses. (ii) Community Facilities. (iii) Preschool, nursery school, in-homein-home child care and Child Care Center as an Accessory Use to a Residential Use. (iv) Agricultural Use (as an Interim Use only). (v) Bed and Breakfast, Vacation Club, and Temporally Divided Dwellings and short-term rentals. (vi) Infrastructure. EXHIBIT B TO ORDINANCE 26-02 1650530.6 35 2985509.13 (vii) Dry Utilities. (viii) Cabled Telecommunications Equipment, Cabled Television Facilities and Cabled Telecommunications Service, each of the foregoing being subject to review and written approval by the Design Review Board authorizing such Use. (ix) Wireless Telecommunications Equipment (excluding antenna towers), Wireless Telecommunications Facilities (excluding antenna towers) and Wireless Telecommunications Services, each of the foregoing being subject to review and written approval by the Design Review Board authorizing such Use. (x) Recreational facilities. (xi) Temporary real estate offices and construction offices. (xii) Residential management office. (xiii) Accessory Uses and Structures customarily appurtenant to Uses by Right. (xiv) Additional uses which the Director determines to be similar to Uses by Right. (xv) Planning Area RMF-1-1 Only: (1) Assisted living facilities. (xvi) Planning Area RMF-2-2 Only: (1) Pedestrian bridges. (b) Special Review Uses: (i) Religious Facilities, museums, libraries and public buildings. (ii) Group Home. (iii) Commercial Parking, Private Parking and Public Parking. (iv) Bus Stops, Bus Shelters, tramways, gondolas and lifts. (v) Wireless Telecommunications Equipment (antenna towers only) and Wireless Telecommunications Facilities (antenna towers only), each of the foregoing being subject to review and written approval by the Design Review Board authorizing such Use. (vi) Planning areaArea RMF-1-1 Only: EXHIBIT B TO ORDINANCE 26-02 1650530.6 36 2985509.13 (1) Rock and gravel crushing operations related to rock and gravel materials excavated within The Village (at Avon) PUD. (c) Prohibited Uses: (i) Commercial Uses (except as specifically included in Sections D.9(a) or D.9(b)). (ii) Industrial Uses. (iii) Mobile Homes. (d) Building Envelope Requirements: (i) Building Setback Requirement: 20 feet from Interstate-70 right-of- way 70 right-of-way, provided there shall be no other setback requirements except as may be necessary to accommodate utility improvements, lines and mains, facilities, services and buildings. (1) Front: 20 feet. (2) Side: 10 feet. (3) Rear: 10 feet. (ii) Maximum Building Height: (1) Single-familySingle-family Dwellings and Duplex Dwellings: 35 feet. (2) Multi-family Dwellings: 48 feet. (3) Commercial: 48 feet. (iii) Minimum Landscaped Area: 20%. (iv) Minimum Lot Area: Not applicable. (e) Residential Density Maximum: (i) Planning Area RMF-2-2: 12 Dwelling Units per acre. (ii) Planning Area RMF-1-1: Subject to this Section D.9(e)(ii), 6 Dwelling Units per acre; provided, however, cul-de-sacscul-de-sacs may exceed 1,000 feet in length and service not more than 280 Dwelling Units in the aggregate within Planning Area K and Planning Area RMF-1-1; provided, further however, the portion of a cul-de-saccul-de-sac that is in excess of 1,000 feet shall not service Commercial Uses except those Commercial Uses specifically included in Sections D.9(a) or D.9(b). With respect to any cul-de-saccul-de-sac portions of EXHIBIT B TO ORDINANCE 26-02 1650530.6 37 2985509.13 which are located both within and outside of Planning Area RMF-1-1, (i) no Dwelling Units served by the portions of such cul-de-saccul-de-sac located outside of Planning Area RMF-1-1, excepting any Dwelling Units located within Planning Area K and served by such cul-de-saccul-de-sac, shall be counted toward the foregoing 280 Dwelling Unit limitation; and (ii) the portion of any such cul-de- saccul-de-sac located within Planning Area RMF-1-1 shall be deemed separate and distinct from, and not included with, any portion of the same cul-de-saccul-de-sac located outside of Planning Area RMF-1-1, excepting any portion of such cul-de- saccul-de-sac located within Planning Area K, for purposes of calculating the Dwelling Units counted toward the foregoing 280 Dwelling Unit limitation. (f) Parking Requirements: As set forth in the Parking Regulations. (g) Supplemental Regulations: All development is further subject to the supplemental regulations set forth in Section I below. (h) Street Requirements: Subject to Section D.9(e)(ii), streets are subject to the standards set forth in Exhibit F of this PUD Guide. 10. Planning Areas P1-P3: Parkland-.. (a) Uses By Right: Except as specifically identified as Special Review Uses in Section D.10(b) below or specifically prohibited in Section D.10(c) below, the following Primary Uses and Accessory Uses: (i) Agricultural Use (as an Interim Use only). (ii) Community Facilities (subject to review and written approval of such Uses by the Design Review Board). (iii) Equestrian, pedestrian and bicycle trails. (iv) Landscape improvements. (v) Indoor and outdoor, sports, training and recreation facilities. (vi) Lakes, ponds, reservoirs and irrigation ditches. (vii) Parks, picnic facilities and temporary entertainment for special events. (viii) Open Space. (ix) Infrastructure. (x) Dry Utilities. (xi) Cabled Telecommunications Equipment, Cabled Television Facilities and Cabled Telecommunications Services, each of the foregoing being EXHIBIT B TO ORDINANCE 26-02 1650530.6 38 2985509.13 subject to review and written approval by the Design Review Board authorizing such Use. (xii) Wireless Telecommunications Equipment (excluding antenna towers), Wireless Telecommunications Facilities (excluding antenna towers) and Wireless Telecommunications Services, each of the foregoing being subject to review and written approval by the Design Review Board authorizing such Use. (b) Special Review Uses: (i) Rock and gravel crushing operations related to rock and gravel materials excavated within The Village (at Avon) PUD. (ii) (iii) Wireless Telecommunications Equipment (antenna towers only) and Wireless Telecommunications Facilities (antenna towers only), each of the foregoing being subject to review and written approval by the Design Review Board authorizing such Use. (c) Prohibited Uses: (i) Residential Uses. (ii) Commercial Uses (except as specifically included in Sections D.10(a) or D.10(b)). (iii) Industrial Uses. (d) Building Envelope Requirements: (i) Building Setback Requirement: No minimum except must be sufficient to accommodate utilities, drainage, access, fire and building code regulations and flood plain of live streams. (ii) Maximum Building Height: 35 feet. (iii) Maximum Site Coverage: Not applicable. (iv) Minimum Lot Area: Not applicable. (e) Parking Requirements: As set forth in the Parking Regulations. (f) Supplemental Regulations: All development is further subject to the supplemental regulations set forth in Section I below. (g) Street Requirements: Streets are subject to the standards set forth in Exhibit F of this PUD Guide. EXHIBIT B TO ORDINANCE 26-02 1650530.6 39 2985509.13 11. Planning Areas OS1 – 0S7OS7: Natural Open Space.. (a) Uses By Right: Except as specifically identified as Special Review Uses in Section D.11(b) below or specifically prohibited in Section D.11(c) below, the following Primary Uses and Accessory Uses: (i) Agricultural Use (as an Interim Use only). (ii) Equestrian, pedestrian and bicycle trails. (iii) Landscape improvements. (iv) Cabled Telecommunications Equipment, Cabled Television Facilities and Cabled Telecommunications Services. (v) Wireless Telecommunications Equipment (excluding antenna towers), Wireless Telecommunications Facilities (excluding antenna towers) and Wireless Telecommunications Services, each of the foregoing being subject to review and written approval by the Design Review Board authorizing such Use. (vi) Infrastructure. (vii) Dry Utilities. (viii) Snow storage. (ix) Public or private roads and utilities including but not limited to utility improvements, lines and mains, facilities, services and buildings; provided, however, such uses which are located in Planning Area OS6 shall be oriented on a generally north-south axis. (x) OS1 – 0S5OS5 and OS7: (1) Lakes, ponds, reservoirs and irrigation ditches. (2) Park and picnic facilities and related parking. (xi) OS5 and OS6 (subject to review and written approval of such Uses by the Design Review Board): (1) Community Facilities. (2) Recreational Uses including public river access. (3) Pedestrian and vehicular access, roads, bridges, bridge abutments and improvements reasonably related thereto. EXHIBIT B TO ORDINANCE 26-02 1650530.6 40 2985509.13 (b) Special Review Uses: (i) Rock and gravel crushing operations related to rock and gravel materials excavated within The Village (at Avon) PUD. (ii) OS6 only: The following Uses shall be permitted pursuant to the review and approval processes set forth in Section E below: (1) Lakes, ponds, reservoirs and irrigation ditches. (2) Park and picnic facilities and related parking (subject to review and written approval of such Uses by the Design Review Board). (iii) Wireless Telecommunications Equipment (antenna towers only) and Wireless Telecommunications Facilities (antenna towers only), each of the foregoing being subject to review and written approval by the Design Review Board authorizing such Use. (c) Prohibited Uses: All Uses other than Uses by Right and Special Review Uses specifically listed above. (d) Building Envelope Requirements: (i) Building Setback Requirement: Not applicable. (ii) Maximum Building Height: Not applicable. (iii) Maximum Site Coverage: Not applicable. (iv) Minimum Lot Area: Not applicable. (v) Minimum Lot Area: Not applicable. (e) Parking Requirements: As set forth in the Parking Regulations. (f) Supplemental Regulations: All development is further subject to the supplemental regulations set forth in Section I below. (g) Street Requirements: Streets are subject to the standards set forth in Exhibit F of this PUD Guide. 12. Planning Areas PF-1 –-2 and PF-3: Public Facility.. (a) Uses By Right: Except as specifically identified as Special Review Uses in Section D.12(b) below or specifically prohibited in Section D.12(c) below, the following Primary Uses and Accessory Uses: (i) Agricultural Use (as an Interim Use only). EXHIBIT B TO ORDINANCE 26-02 1650530.6 41 2985509.13 (ii) Public Facilities. (iii) Landscape improvements. (iv) Infrastructure. (v) Dry Utilities (subject to review and written approval of such Use by the Design Review Board). (vi) Within Tract E, Final Plat, The Village At Avon Filing 3 (Planning Area PF-3-3), and Tract F, Final Plat, The Village At Avon Filing 3 as amended (Planning Area PF-2-2), in accordance with and subject to the terms and conditions of Ordinance No. 06-1606-16: (1) emergency services facilities such as ambulance, fire protection; and (2) similar uses and services as determined by the Director. (b) Special Review Uses: The following Uses shall be permitted pursuant to the review and approval processes set forth in Section E below: (i) Lakes, ponds, reservoirs and irrigation ditches. (ii) Park and picnic facilities and related parking. (c) Prohibited Uses: All Uses other than Uses by Right and Special Review Uses specifically listed above. (d) Building Envelope Requirements: (i) Building Setback Requirement: Not applicable. (ii) Maximum Building Height: 35 feet. (1) Planning Area PF-1: 48 feet. (2) Planning Areas PF-2 and PF-3: 35 feet. (iii) Maximum Site Coverage: Not applicable. (iv) Minimum Landscaped Area: 20%. (v) Minimum Lot Area: Not applicable. (e) Parking Requirements: As set forth in the Parking Regulations. (f) Supplemental Regulations: All development is further subject to the supplemental regulations set forth in Section I below. EXHIBIT B TO ORDINANCE 26-02 1650530.6 42 2985509.13 (g) Street Requirements: Streets are subject to the standards set forth in Exhibit F of this PUD Guide. 13. Planning Areas CH-1 and CH-2 – Community Housing (a) Purpose: To mitigate the impact of the proposed development within The Village (at Avon) by providing land for Community Housing Units needs generated by the Uses proposed for development within The Village (at Avon) as reasonably necessary to serve The Village (at Avon) and future residents thereof. (b) Uses by Right: Except as specifically identified as Special Review Uses in Section D.13(c) below, or specifically prohibited in Section D.13(d) below, the following Primary and Accessory Uses: (i) Community Housing Units, subject to the limitations set forth in Section I.15 of the Community Housing Plan. (ii) Infrastructure. (iii) Dry Utilities. (iv) Accessory Uses and Structures customarily appurtenant to Uses by Right. (v) Planning Area CH-2, within Lot 5, Final Plat, The Village (at Avon) Filing 1 Only: (1) Public Facilities. (c) Special Review Use: (i) Child Care Center as an Accessory Use to Community Housing Units. (d) Prohibited Uses: (i) Commercial Uses (except as specifically included in Sections D.13(b) or D.13(c)). (ii) Industrial Uses. (iii) Mobile Homes. (iv) Short-Term Rentals. EXHIBIT B TO ORDINANCE 26-02 1650530.6 43 2985509.13 (e) Building Envelope Requirements: (i) Minimum Building Setbacks: (1) Front: a. For Planning Area CH-1: 10 feet b. For Planning Area CH-2: 25 feet (2) Side: None (3) Rear: 10 feet (ii) Maximum Building Height: (1) Planning Area CH-1 : 35 feet (2) Planning Area CH-2: 60 feet (iii) Residential Density Maximum: (1) Planning Area CH-1: Maximum of 24 Dwelling Units. (2) Planning Area CH-2: Maximum of 40 Dwelling Units. (iv) Minimum Landscaped Area: 20% (v) Minimum Lot Area: Not applicable. (f) Parking Requirements: As set forth in the Parking Regulations. (g) Street Requirements: Streets are subject to the standards set forth in Exhibit F of this PUD Guide. (h) Special Community Housing Unit Provisions. (i) All development is further subject to the supplemental regulations set forth in Section I below. (ii) Domestic water service to serve the 76 Community Housing Units contemplated within Planning Areas CH-1 and CH-2 pursuant to Section D.13(e)(iii) will be supplied from the Water Bank’s (as defined in Section 3.4(a) of the Development Agreement) potable water, while water service for any associated landscaping will be supplied from the Water Bank’s (as defined in Section 3.4(a) of the Development Agreement) non-potable water. Water service to serve any uses and/or density within Planning Areas CH-1 and CH-2 beyond the permitted maximum density set forth in Section D.13(e)(iii) will not be supplied EXHIBIT B TO ORDINANCE 26-02 1650530.6 44 2985509.13 from the Water Bank (as defined in Section 3.4(a) of the Development Agreement) without Master Landowner’s prior written approval. (iii) The Community Housing Units in Planning Area CH-1 and CH-2 will count toward satisfaction of the number of Community Housing Units required pursuant to Section I.15(a) of the Community Housing Plan. E. SPECIAL REVIEW USE.. 1. Special Review Use Permit.. (a) A Special Review Use shall require a special review use permit prior to the issuance of a building permit or the commencement of the use identified as a Special Review Use in the Development Standards. (b) A Special Review Use shall not be considered a Use by Right without review and approval, as set forth in Section E.2 below, nor shall a Special Review Use be permitted unless the Design Review Board approves a development plan for the applicable Site. (c) The procedural and substantive requirements set forth in this Section E constitute the sole and exclusive special review use regulations applicable within The Village (at Avon) PUD and expressly supersede any additional or conflicting provisions of the Municipal Code. 2. Application Filing and Processing.. (a) An Application with required materials (see Section E.3 below) shall be filed with Community Development. Only complete submittals shall be accepted. (b) Staff shall review the Application in accordance with the criteria established in this section and present the Application at a public hearing, which public hearing before the Planning and Zoning Commission shall be in accordance with Section 7.16.020(e) of the Development Code. (c) Developments and uses granted by special review use permit shall be developed or established in accordance with the timeframe provided in the approved special review use permit, or within two years of the date of approval if the timeframe is not established in the approved special review use permit. Subject to extension in accordance with Section E.5(b) below, failure to develop or establish such development or Uses in accordance with the timeframe established on the permit (or two years from the date of approval if no timeframe is established on the permit) shall result in the expiration of the permit. (d) A special review use permit is valid as long as conditions of approval are maintained by the Applicant, unless a specific time limit for the use is set forth as part of the approval. Subject to extension in accordance with Section E.5(b) below, if an approved EXHIBIT B TO ORDINANCE 26-02 1650530.6 45 2985509.13 Use ceases operation for any reason for a period of one year, the special review use permit shall be deemed expired. (e) If the conditions of a permit become the responsibility of a person or entity other than the Applicant, Community Development shall be notified in writing, identifying the new person or entity responsible for maintaining the conditions of the approval/permit. Until such notice is received, the Applicant shall remain responsible. Such notice shall be attached to the permit on file at Community Development. (f) If conditions of approval are not maintained, it shall be considered a violation of the Development Plan and the special review use permit shall be subject to revocation proceedings in accordance with the applicable provisions of the Municipal Code, the Design Review Guidelines and the Design Covenant. 3. Submittal Requirements for Special Review Use. Only complete submittals shall be accepted. No Application shall be deemed complete unless the Applicant has submitted to Community Development any or all of the following materials which are, in the opinion of the Director, relevant to the particular permit being requested: (a) A complete special review use permit Application and required fee; (b) A legal description of the parcel; (c) A site plan showing proposed Uses and structures on the property; (d) Scaled elevations and/or perspective drawings of any proposed structures; (e) A proposed development schedule indicating: (i) Date of the beginning of the Use and/or construction; (ii) Phases in which the project may be developed and the anticipated rate of development; (iii) The anticipated date of completion of the project; (f) Any agreements, provisions or covenants to be recorded; (g) Restoration or reclamation plans shall be required for all Uses requiring extensive grading, for extractive Uses, and may be required for other Uses as necessary; (h) A statement regarding any provisions for proper ongoing maintenance of the Use and site; (i) Any additional materials, which, in the opinion of the Director, are necessary to adequately review the Application. EXHIBIT B TO ORDINANCE 26-02 1650530.6 46 2985509.13 4. Criteria for Review, Recommendation, and Approval of Special Review Uses . When evaluating an Application for a special review use permit, staff and the planning and zoning commission shall consider the following criteria: (a) Whether the proposed Use otherwise complies with all requirements imposed by the Development Plan; (b) Whether the proposed Use is compatible with adjacent uses. Such compatibility may be expressed in appearance, architectural scale and features, site design, and the control of any adverse impacts including noise, dust, odor, lighting, traffic, safety and other similar Development Standards; (c) Any significant adverse impacts (including but not limited to, hours of operation, traffic generation, lighting, noise, odor, dust, and other external impacts) anticipated to result from the use shall be mitigated or offset to the maximum extent practicable; and (d) Facilities and services (including sewage and waste disposal, water, gas, electricity, police and fire protection and roads and transportation, as applicable) shall be available to serve the subject property while maintaining adequate levels of service for existing development. 5. Amendments to Special Review Use Permit.. (a) No approved Special Review Use may be modified, structurally enlarged or expanded in ground area, unless such modification, enlargement or expansion receives the prior approval of the Planning and Zoning Commission, which shall be obtained by repetition of the granting procedures provided in this Section E or the Planning and Zoning Commission expressly authorizes modifications, enlargement or expansions of the Special Review Use in the prior approval of the Special Review Use. The Planning and Zoning Commission may authorize administrative approval of modifications, enlargement and expansion of Special Review Uses and may define a percentage or other parameter change to square footage of such Use, hours of operation, traffic or other aspects of the approved Special Review Use. (b) At least thirty (30) days prior to the expiration date of a special review use permit due to cessation of an approved Special Review Use for any reason for a period of one year, due to failure to develop or establish an approved Special Review Use in accordance with the timeframe established on the permit (or two years from the date of such approval if no timeframe is established on the permit) as provided for in Section E.2 above, or due to expiration of a term established in the Special Review Use approval, an Applicant may request, in writing, approval of an extension of such expiration date. The Director may administratively approve up to a one-year extension of an approved Special Review Use. The Planning and Zoning Commission may approve an extension of the Special Review Use for longer than one year in accordance with the procedures and criteria for review established in this Section E. EXHIBIT B TO ORDINANCE 26-02 1650530.6 47 2985509.13 F. TEMPORARY USES AND STRUCTURES. Temporary Uses and Structures shall be allowed in accordance with the substantive and procedural requirements of the Development Code; provided, however, no Temporary Use or Structure shall be permitted unless the Design Review Board approves a development plan for the applicable Site as evidenced by the issuance of a certificate of Design Review Board approval affixed to the Application. G. SUBDIVISION.. 1. General; Applicability.. (a) Except as modified by this Section G, the procedural and substantive requirements set forth Section 7.16.070 of the Development Code, as in effect on the date of execution of the Settlement Term SheetOctober 7, 2011, as attached as Exhibit IH to this PUD Guide, shall apply to Planning Areas A, B, C, D, E, F and, J, K, and RMF-1 (collectively, the “Administrative Subdivision Areas”). Notwithstanding the foregoing, if, subsequent to the Effective DateOctober 7, 2011, the Town amends from time to time Section 7.16.070 of the Development Code, the Master DeveloperLandowner, in its sole discretion, may consider amendment of this PUD Guide to incorporate such amended provisions herein, which amendment(s), if any, shall be processed in accordance with the administrative amendment procedure set forth in Section H.3. (b) Except as modified by Section G.1(c), subdivision within all Planning Areas excepting the Administrative Subdivision Areas shall be in accordance with Section 7.16.070 of the Development Code. (c) Subdivision review and approval shall not be required for any division of land within The Village (at Avon) for any of the following: (i) Creation of a lien, mortgage, deed of trust or any other security instrument; (ii) Creation of any interest in an investment entity; (iii) Creation of cemetery lots; (iv) Creation of an interest or interests in oil, gas, minerals or water that are severed from the surface ownership of real property; (v) Acquisition of an interest in land in the name of a husband or wife or other persons in joint tenancy, or as tenants in common of such interest, and any interest in common owned in joint tenancy shall be considered a single interest; (vi) Dedication of land for right-of-way or other public use, or conveyances relating to the vacation of land designated for public use, if subdivision review and approval is waived by the Town; (vii) Correction of a legal description in a prior conveyance, if subdivision review and approval is waived by the Town; EXHIBIT B TO ORDINANCE 26-02 1650530.6 48 2985509.13 (viii) Any transfer by operation of law or bequest; (ix) Lease of property (granting of leasehold interests) for any period of time; (x) Division of land created by the foreclosure, or provision of deed-in- lieu of foreclosure, of a lien, mortgage, deed of trust or any other security instrument. 2. Application Submittal Items. With respect to any submittal item for a Final Plat Application within the Administrative Subdivision Areas required by the Town, if the Applicant disagrees with the determination of staff or the Director, as applicable, with respect to the necessity of such submittal item or the required substance or required quality of such submittal item, the Town and the Applicant shall jointly appoint a third party having experience in engineering and subdivision matters to review the Final Plat Application and decide upon the appropriateness of requiring such submittal item or the appropriateness of the required substance or required quality of such submittal item, as applicable. Such third party’s determination shall be binding upon the Town and the Applicant. Notwithstanding the foregoing, in no event shall the Town require any submittal item for a Final Plat Application that relates to matters that are within the exclusive authority of the Design Review Board to approve, including without limitation, architectural design, landscape design, urban design and site design. 3. ProcedureProcedure. Except as set forth in Section G.5, subdivisions, subdivision amendments and re-subdivisions within the Administrative Subdivision Areas (including without limitation, any amendments to or re-subdivisions of Lot 1, Final Plat of The Village (at Avon) Filing 1) shall require Final Plat review and approval only (no Preliminary Plan approval shall be required), which review and approval shall be administrative with an administrative decision rendered on such Final Plat by the Director. Public hearings shall not be required except as may be requested by the Applicant. Notice of a subdivision Application shall be posted and mailed to property owners within the vicinity of the property subject to the applicable Application in accordance with the requirements of the Development Code. Prior to the Director rendering a decision to reject or deny an Application, the Director shall give the Applicant prior written notice of the Director’s intent to reject or deny such Application, which notice shall include a good faith detailed accounting of the reasons for such intended rejection or denial and proposed recommendation(s) for satisfactorily addressing such deficiencies, and the Applicant shall have an opportunity to amend such Application prior to the Director finally rejecting or denying the Final Plat. The Director shall render a written decision on the Final Plat Application and shall post a notice of such decision in the same manner as the posting of Town ordinances, and the date of such posting shall be the date of the final decision of the Director for appeal purposes. 4. Criteria for Review and Approval. Subject to this Section G.4, the Director shall consider the criteria set forth in Sections 7.16.070(e) and (f) of the Development Code, as in effect on the date of execution of the Settlement Term SheetOctober 7, 2011, when evaluating an Application for Final Plat approval, as modified as follows: EXHIBIT B TO ORDINANCE 26-02 1650530.6 49 2985509.13 (a) (i) The Director shall not consider the review criteria set forth in the following sections, which sections shall not apply to the Administrative Subdivision Areas: Sections 7.16.070(e)(5) & (9) and Sections 7.16.070(f)(2) & (3). (b) (ii) The review criteria set forth in Section 7.16.070(e)(1) is modified as follows: The proposed subdivision shall comply with all applicable use, density, development and design standards set forth in this PUD Guide that have not been otherwise modified or waived through the alternative equivalent compliance process and that would affect or influence the layout of lots, blocks and streets. Applicants shall not create lots or patterns of lots in the subdivision that will make compliance with such development and design standards infeasible or impossible. (c) (iii) The review criteria set forth in Section 7.16.070(e)(3) is modified as follows: The subdivision application shall be consistent with the Comprehensive Plan and other community planning documents, as modified by the Development Plan. (d) (iv) The review criteria set forth in Section 7.16.070(e)(7) is modified as follows: The proposed utility and road extensions are consistent with the utility’s service plan and are consistent with the Comprehensive Plan and the Transportation Master Plan, as modified by the Development Plan. (e) (v) The review criteria set forth in Section 7.16.070(f)(4) is modified as follows: The development will substantially comply with all sections of the Development Code, as modified by the Development Plan. 5. Material Modification to Certain Street Connections.. (a) If there is any express or implied conflict between the terms and conditions of the Development Plan and the terms and conditions of the Transportation Master Plan, the Development Plan shall control. (b) If an Application for an Administrative Subdivision Area proposes an elimination of one or more of the following street connections (the “Required Street Connections”), the Director may, in the Director’s sole discretion, determine that such Application shall not be subject to administrative approval and may direct that such Application be submitted to Town Council for review and decision: (i) Main Street connection to Chapel Place; (ii) Main Street connection to Post Boulevard roundabout; (iii) East Beaver Creek Boulevard connection at northern boundary of Planning Area A to existing East Beaver Creek Boulevard adjacent to the Property; (iv) East Beaver Creek Boulevard connection at Post Boulevard connecting to Fawcett Road; and EXHIBIT B TO ORDINANCE 26-02 1650530.6 50 2985509.13 (v) Connection from westernmost roundabout on Main Street to East Beaver Creek Boulevard. (vi) Connection across Planning Area J located east of Post Boulevard/Swift Gulch Road roundabout to northeast corner of the “Forest Service parcel” located east of Planning Area J and west of Planning Area I. (c) For any Application for an Administrative Subdivision Area submitted to Town Council pursuant to Section G.5(b), Town Council shall render a decision on the Application after conducting a public hearing, and public notice of the Town Council hearing on such Application shall be given in accordance with the requirements of the Development Code. H. DEVELOPMENT PLAN AMENDMENT PROCEDURES.. 1. General.. (a) Amendments to this PUD Guide may be processed by the Town either formally or administratively, with the determination of the applicable procedure to be made in strict compliance with the terms and conditions of this Section H. (b) During the term of the Vested Property Rights, no amendment to or variance from the terms of the Development Plan, and no application for rezoning of all or any part of the property included within The Village (at Avon) PUD, shall be accepted for processing, or approved or undertaken by the Town without the prior written consent of the Master DeveloperLandowner. (c) Any such amendment shall contain the statement required pursuant to Section 7.16.140(d) of the Development Code, shall be processed and otherwise implemented in compliance with the terms and conditions set forth in Section A.3 above, and shall create Vested Property Rights for the duration of the term set forth in Section A.3 above. No such amendment shall divest, limit or otherwise impair any Vested Property Right set forth in Section A.3 above. (d) Prior to the Director or Council, as applicable, rendering a decision to reject or deny an Application for an amendment to the Development Plan, the Director or Council, as applicable, shall give the Applicant prior written notice of the Director’s, or Council’s, as applicable, intent to reject or deny such Application, which notice shall include a detailed accounting of the reasons for such intended rejection or denial and proposed recommendation(s) for satisfactorily addressing such deficiencies, and the Applicant shall have an opportunity within the timeframes afforded by the Development Code to amend such Application prior to the Director or Council, as applicable, finally rejecting or denying the Application. 2. Formal AmendmentsFormal Amendments. Amendments to this PUD Guide which do not qualify for the administrative amendment process described in Section H.3 below shall follow the formal amendment process set forth in Section 7.16.060 of the Development Code, except that the provisions of Section H.1 above shall apply to all formal amendments of this PUD EXHIBIT B TO ORDINANCE 26-02 1650530.6 51 2985509.13 Guide. Nothing herein shall be deemed to prevent an Applicant from voluntarily choosing to apply for a formal amendment, or from appealing to Council or the courts the Director’s determination of eligibility for administrative amendment and/or denial of a request for an administrative amendment. 3. Administrative Amendments.. (a) Intent; Determination of Applicable Amendment Procedure. The intent of this Section H.3 is to provide a simplified amendment procedure for minor modifications to this PUD Guide. As used herein, the term “minor modifications” means an Application meeting the criteria stated Section H.3(b)(i) through H.3(b)(vi) below, which shall be processed as an administrative amendment application, and an Application meeting the criteria stated in Section H.3(b)(vii) below, which may be processed as an administrative amendment application in the discretion of the Director. (b) Qualifying Administrative Amendments. An Application for administrative amendment that complies with (I) the specific criteria for approval set forth in Sections H.3(b)(i) through H.3(b)(vi) below, as applicable, shall be processed and approved administratively, and shall be entitled to a presumption of compliance with the general criteria for approval set forth in Section H.3(b)(vii) below; or (II) the general criteria for approval set forth in Section H.3(b)(vii) below may be processed and approved administratively: (i) Density Allowance. Provided the aggregate number of Dwelling Units within Planning Areas A, C, D, F, G, H, J, K, RMF 1 and RMF 2 does not exceed 2,400, a ten percent (10%) increase in the number of Dwelling Units allowed within any Planning Area stated herein. (ii) Road Alignments. Changes to public or private street locations, internal circulation design/pattern or traffic capacity of the overall road network within the Property that has been approved by the Town and which may require a conforming amendment to this PUD Guide shall be processed and approved administratively. (iii) Public Improvements. Amendments to the Development Agreement, if any, that affect the scope of Public Improvements may require a conforming administrative amendment to this PUD Guide, if the revision affects Development Standards for a particular Site or Planning Area. (iv) Subdivision Related Changes Affecting Development Plans. If the Town approves any Preliminary Plan or Final Plat that incorporates any subdivision related element that is inconsistent or conflicts with any Development Standard or other element of this PUD Guide, including without limitation, any modifications to street extension(s) and/or street alignment(s) (including without limitation, elimination of the Required Street Connections), any conforming amendment to this PUD Guide that may be required shall be processed and approved administratively. Examples of subdivision related elements that may require a EXHIBIT B TO ORDINANCE 26-02 1650530.6 52 2985509.13 conforming amendment to this PUD Guide include, without limitation, lot line locations, right-of-way locations, internal public or private roadway locations, emergency access locations, utility locations, vacations, Planning Area boundaries, Building Envelope locations and/or areas, and other similar elements. Such conforming amendments shall apply only to the specific Lot(s) or Planning Area(s) affected by the Preliminary Plan or Final Plat the approval of which necessitated the conforming amendment. Any proposed elimination of a Required Street Connection that is not processed and approved in connection with a Preliminary Plan or Final Plat shall be subject to the formal amendment process set forth in Section H.2. (v) Planning Area Boundaries and Lot Lines. With the written consent of the Master DeveloperLandowner, an Applicant may amend the PUD Master Plan to increase or decrease the size of any Planning Area to conform the PUD Master Plan to an approved Final Plat or Application therefor that is being processed concurrently with such PUD Master Plan amendment. In addition, with the consent of the Master DeveloperLandowner, an Applicant may amend the PUD Master Plan to relocate or otherwise modify Lot lines and Planning Area boundaries and locations due to site planning or engineering considerations that are not directly associated with an approved or in-process Final Plat or other Application. The foregoing PUD Master Plan amendments and any other conforming amendments to this PUD Guide (to the extent that such modifications are necessary or desirable in connection with such PUD Master Plan amendments) shall be processed and approved administratively so long as the size of largest affected Planning Area is not increased or decreased by more than 10 percent. [e.g., if Planning Area X is 30 acres and Planning Area Y is 10 acres and abuts Planning Area X, Planning Area X (being the larger of the two planning areas) may be increased by three acres (30 acres X 10% = 3 acres) and Planning Area Y may be decreased by the corresponding three acres, and such amendment to the PUD Master Plan shall be administratively approved.] The relocation of an entire Planning Area to another location within The Village (at Avon) PUD shall follow the formal amendment process. (vi) Certain Text Amendments. Amendments to this PUD Guide as contemplated by Section A.1 (Definitions) and, Section G (Subdivision) and, Section I.15 (AffordableCommunity Housing Plan), and Exhibit C (Parking Regulations) shall be processed and approved administratively. Any amendment to this PUD Guide shall be processed and approved administratively. If the Master DeveloperLandowner, in its sole discretion, submits an Application to the Town to amend this PUD Guide to substitute Chapter 15.30 of the Municipal Code for the lighting standards set forth in Exhibit E, such amendment, if any, shall be processed and approved administratively. (vii) Compatible and Adequately Mitigated Modifications. In addition to the specific criteria for approval set forth in Sections H.3(b)(i) through H.3(b)(vi) above, the Director may approve Applications that request modifications to EXHIBIT B TO ORDINANCE 26-02 1650530.6 53 2985509.13 Development Standards which comply with the following general criteria for approval: (1) are not materially incompatible with immediately adjacent Uses; and (2) are not fundamentally inconsistent with the Development Standards set forth in this PUD Guide other than the specific Development Standard addressed by the requested amendment; and (3) incorporate measures which adequately address significant impacts, if any, to immediately adjacent Uses. (c) Procedure. (i) Applicants must meet with the Director or his or her designated representative prior to submittal of an administrative amendment request (unless waived by the Director) in order to obtain input into the appropriateness of the request and the materials required to be submitted with the request. (ii) Upon a complete submittal of the required materials, the Director shall determine, within fifteen (15) days after submittal of the request, the completeness of the request and whether it qualifies to be processed administratively. With respect to administrative amendments contemplated in Section H.3(b)(vi), the Director’s review shall be limited to signing off on the form of instrument submitted by the Applicant for recording in the real property records for the County of Eagle, State of Colorado pursuant to Section H.3(c)(v). (iii) If the administrative amendment request complies with Sections H.3(b)(i) through H.3(b)(vii) above, as applicable, it shall be processed administratively and the Director is authorized to approve the request. If the request does not comply with Sections H.3(b)(i) through H.3(b)(vii), as applicable, Section H.2 above shall apply to the request. (iv) The Applicant may appeal any action or decision of the Director with respect to an administrative amendment request to Council by filing a written request for such appeal with the Town Clerk by not later than 5:00 p.m. on the 30th day following the action or decision being appealed. Such appeal may request a review of the Director’s determination of an Application’s eligibility for administrative processing and/or the Director’s decision to deny or approve with conditions an administrative amendment Application. (v) Upon approval of an administrative amendment, the Applicant shall submit to Community Development a revised PUD Guide, or applicable portion thereof. Such revised documentation shall be signed by the Master DeveloperLandowner, the owner(s) of record and the Director, will be kept on file at Community Development, and shall be recorded in the real property records for the County of Eagle, State of Colorado. EXHIBIT B TO ORDINANCE 26-02 1650530.6 54 2985509.13 4. Modifications Not Requiring Amendment.. (a) No amendment (formal or administrative) to the Development Plan, or applicable component thereof, shall be required to modify the following Development Standards: (i) Maximum and Minimum Development Standards. No amendment shall be required for (x) reductions to density allowance, maximum Building Height, square footage allowance and Site Coverage Development Standards, or (y) increases to minimum Building Setback, Lot Area and parking requirements. (ii) Planning Area K Building Envelopes. No PUD Guide amendment shall be required with respect to the establishment of the final Building Envelope of a Lot or Site within Planning Area K, it being the intent of this PUD Guide that Building Envelopes within Planning Area K shall be established only pursuant to a Final Plat as otherwise set forth in this PUD Guide. (b) If a modification to this PUD Guide does not require an amendment pursuant to this Section H.4, the Applicant shall submit to Community Development a revised PUD Guide setting forth such modification. Such revised documentation shall be signed by the Master DeveloperLandowner and the owner(s) of record, will be kept on file at Community Development, and shall be recorded in the real property records for the County of Eagle, State of Colorado. I. SUPPLEMENTAL REGULATIONS.. 1. Interim UsesInterim Uses. Interim Uses shall be permitted within The Village (at Avon) PUD as follows: (a) The following Uses or structures, in existence from time to time prior to development of the applicable portion of The Village (at Avon) PUD, shall be considered approved Interim Uses without the requirement of further action, but subject to approval, modification and/or termination as provided above in connection with Design Review Board processing of applications therefor in accordance with the Design Review Guidelines and Design Covenant: (i) Agricultural Uses within undeveloped portions of The Village (at Avon) PUD generally. (ii) The rodeo and ancillary carnival use within Planning Area A to the extent of such use for the last three years including a maximum 20% expansion of the square footage of the existing rodeo area and related parking and expansion of seasonal timeframe of operations (expansion in excess of 20% or expansion of hours of operation shall require a Temporary Use permit). (iii) Driving course and accessory hospitality services related to automobile demonstrations, promotions and sales in Planning Area A, not to exceed EXHIBIT B TO ORDINANCE 26-02 1650530.6 55 2985509.13 10 days in the aggregate in a calendar year, provided that such Use exceeding 10 days in the aggregate in a calendar year shall require a Temporary Use permit. (iv) Recycling Facility and trash drop-off within Planning Areas A and D existing as of the Effective Date. (v) Snow storage within undeveloped portions of The Village (at Avon) PUD generally. (vi) The Mobile Home office/storage Use existing as of the Effective Date and community garden within Planning Area A. (b) Agricultural and snow storage Uses (unless specifically designated as ana Prohibited Use within the applicable Planning Area) shall be permitted on undeveloped land within all Planning Areas until such time as the Town approves an initial building permit Application for construction of a Building on the applicable Site, provided that such Uses may continue on the portion of the applicable Planning Area for which a building permit Application has not been approved by the Town. 2. Solid Fuel Burning Devices. Development within The Village (at Avon) PUD shall comply with Chapter 15.24, Solid Fuel Burning Devices, of the Municipal Code, as in effect on the date of execution of the Settlement Term SheetOctober 7, 2011. 3. SignsSigns. Signs shall be permitted in all Planning Areas within The Village (at Avon) PUD provided they are in conformance with Design Review Guidelines, the terms and requirements of which comprise the sole and exclusive sign regulations within the Village (at Avon) PUD and expressly supersede any sign regulations set forth in the Municipal Code. All signage and streetscape improvements, including any future modifications to built signage and streetscape improvements, located within public rights-of-way within The Village (at Avon) shall be in conformance with the Manual of Uniform Traffic Control Devices for Streets and Highways. Except as otherwise provided in this Section I.3, the Design Review Board is the sole and exclusive authority for approval of signs within The Village (at Avon) PUD. The Town has approval authority with respect to confirming that signs and landscaping approved by the Design Review Board in the public rights-of-way within The Village (at Avon) PUD relating to safety and traffic control comply with the Manual of Uniform Traffic Control Devices for Streets and Highways. Sign installation shall be subject to the requirements of Section 15.28.050(c) of the Municipal Code. 4. Parking RequirementsParking Requirements. Parking within The Village (at Avon) shall be in conformance with Parking Regulations set forth in Exhibit C to this PUD Guide, which shall be the sole and exclusive parking regulations applicable within The Village (at Avon) PUD and which expressly supersede any parking regulations set forth in the Municipal Code, including without limitation, any additional or conflicting such provisions. Notwithstanding the foregoing, parking within The Village (at Avon) shall comply with the requirements of the Americans with Disabilities Act and any other applicable federal regulations as may be amended and as may be applicable in accordance with the provisions of such federal regulations. EXHIBIT B TO ORDINANCE 26-02 1650530.6 56 2985509.13 5. Surface Parking Landscaping Requirements. A 10’ wide perimeter landscape buffer shall be installed and maintained for all outdoor surface parking lots within The Village (at Avon) PUD, except for points of ingress and egress to the parking lot, and except for those portions of the perimeter that abut existing or planned outdoor surface parking areas. The landscaping plan for such landscape buffers shall comply with applicable provisions of the Design Review Guidelines, and shall be subject to prior approval of the Design Review Board. 6. Drainage Requirements.. (a) In addition to the Town’s drainage provisions, the following provisions shall also apply to drainage: (i) Floodplains that are a result of manmade structures can be eliminated by enlarging the existing drainage conveyance facilities such that excessive backwater/floodplains would be diminished, but in no event shall such enlargement of existing facilities cause an increase in the 100-year flood level elevation on adjacent or downstream properties. (ii) If demonstrated that the release of flows directly into the Eagle River does not result in an increase of the 100-year flood level elevation of the Eagle River, such developed releases shall be allowed. This determination shall be based upon analysis of the Eagle River basin hydrograph and the site-developed hydrograph being combined. (b) In processing any Application for development within the Property, the Town shall incorporate the assumptions of the drainage study prepared by David Johnson for the Property (the “Johnson Study”) with respect to reducing the calculated stormwater flows, management and detention requirements based on the mitigating effect of vegetation within the Property. The assumptions set forth in the Johnson Study shall govern and control over any conflicting provisions or assumptions in the Town’s drainage master plan, as may be amended from time to time; provided, however, if the Town amends its drainage master plan, which amendment results in less restrictive or less burdensome provisions than set forth in the Johnson Study, such less restrictive or less burdensome provisions in the Town’s drainage master plan shall apply to the Property. 7. Sidewalk and Trail Standards. The minimum sidewalk and trail width standards shall be as follows: (a) Sidewalk: Except as set forth in Exhibit F, 4’ minimum width for local streets and 6’ minimum width for collector and arterial streets. (b) Multi-use trails: 8’ minimum width. 8. Alternative Equivalent Compliance and Variances. Deviations from strict application of a standard or requirement of the Development Code shall be considered by the Town on a case by case basis in accordance with (a) Section 7.16.120 (alternative equivalent compliance) of the Development Code, provided that such deviations may only be considered by the Town for EXHIBIT B TO ORDINANCE 26-02 1650530.6 57 2985509.13 those subject matters expressly set forth in Section 7.16.120; or (b) Section 7.16.110 (variances) of the Development Code. 9. Supplemental Design Standards: Planning Area J Hotel, Motel and Lodge Requirements. The following supplemental design and improvement standards shall apply to any Hotel, Motel and Lodge Uses developed within Planning Area J (“Supplemental Hotel Design Standards”) in addition to other applicable design standards set forth in this PUD Guide, including without limitation, the Minimum Design Guideline Standards. Compliance with these Supplemental Hotel Design Standards shall be confirmed by the Design Review Board and the Director prior to issuance of any building permit for a Building designated for Hotel, Motel and Lodging Uses. Deviations from these Supplemental Hotel Design Standards may be considered and approved in accordance with Section 7.16.120 (alternative equivalent compliance) of the Development Code. The Supplemental Hotel Design Standards are as follows: (a) Exterior Building Materials and Color. (i) Requirements (1) A minimum of 20% of the vertical surfaces on each side of the exterior building elevation shall be comprised of stone, brick, precast concrete or cast stone. (2) Colors shall have a LRV (Light Reflective Value) of sixty (60) or less. (3) All window frames shall be metal clad or alloy extrusions. (ii) Prohibited (1) Colors shall not have a LRV greater than sixty (60). (2) Asphalt siding, imitation brick, asbestos cement shingles or siding, imitation log siding, aluminum or vinyl siding and exterior insulated finishing system (EIFS) are not permitted. (3) Reflective glass shall not be permitted. (b) Roofs. (i) Pitched (1) All pitched roofs shall be no less than a four-to- twelvefour-to-twelve (4:12) slope. (2) Roof materials shall be unglazed concrete tiles, slate, copper, zinc, standing seam pre-patina metal (CorTen or equivalent) or synthetic shakes. Solar and thermal collectors are permitted. EXHIBIT B TO ORDINANCE 26-02 1650530.6 58 2985509.13 (3) Overhangs are required. Buildings of two (2) stories or less shall have an overhang of no less than eighteen (18) inches, measured from the point where the wall meets the roof. Three (3) to four (4) story Buildings shall have an overhang of no less than twenty- fourtwenty-four (24) inches, measured from the point where the wall meets the roof. (ii) Flat. Flat roofs shall have concrete pavers or stone ballast. Grass roofs and solar and thermal collectors are permitted. (c) Screening. All mechanical, communications and electrical equipment (wall and roof mounted) shall be screened from view of the adjacent street level with siding and/or roofing materials consistent with the Structure. All vent terminations, flashings, flues, safety apparatus and similar features shall utilize adjacent materials. (d) Articulation. Walls shall not span more than fifty (50) feet horizontally without a minimum of two (2) feet variation in the horizontal wall plane. Walls shall not span more than thirty (30) feet on any floor level without a minimum of one (1) architectural element. 10. Wildlife Mitigation Plan. Development within The Village (at Avon) PUD shall comply with the Wildlife Mitigation Plan attached as Exhibit D to this PUD Guide, which is and shall constitute the sole and exclusive wildlife mitigation measures required for The Village (at Avon) PUD and expressly supersedes any wildlife mitigation regulations set forth in the Municipal Code. 11. Design Review Guidelines.. (a) The Master DeveloperLandowner previously has prepared, and the Design Review Board previously has adopted, Design Review Guidelines which the Design Review Board utilized and shall utilize for review of all development proposals within The Village (at Avon). For portions of the Property south of Interstate 70 and all portions of the Property north of Interstate 70 other than Planning Area RMF-1-1 and Planning Area K, the Design Review Guidelines shall contain, among other matters, requirements and standards that meet or exceed the Minimum Design Review Standards. (b) The Master DeveloperLandowner or the Design Review Board may, in accordance with the terms and conditions of the Design Covenant and the Design Review Guidelines, as applicable, amend the approved and adopted Design Review Guidelines. Amendments to the Design Review Guidelines that do not conflict with any term of or are more stringent than any Development Standard established by this PUD Guide shall not require an amendment to this PUD Guide, and shall not require review by the Town. Amendments to the Design Review Guidelines which are less stringent than any Development Standard established by this PUD Guide may require an amendment to this PUD Guide which, in the discretion of the Director, may be processed formally or administratively pursuant to Section H of this PUD Guide. EXHIBIT B TO ORDINANCE 26-02 1650530.6 59 2985509.13 (c) The Design Review Board shall have primary responsibility for enforcing the Design Review Guidelines. If Council determines in good faith at a public hearing after notice to the Design Review Board (which notice shall be in writing and given no later than twenty (20) days prior to the date of such hearing by certified mail addressed to the President of the Design Review Board) that the Design Review Board is not properly enforcing the Design Review Guidelines, Council shall provide written notice to the Design Review Board of such determination. Such notice shall state with particularity the alleged failure and Council’s factual findings supporting such determination. If the Design Review Board fails to correct the stated deficiency within thirty (30) days after receipt of such notice, Council may, but shall not be obligated to, enforce the Design Review Guidelines with respect to the matters addressed in the notice. (d) Nothing in this Section I.11 shall be deemed to prevent Master DeveloperLandowner and/or the Design Review Board from appealing to the courts the disapproval of the Design Review Guidelines by the Town or enforcement of the Design Review Guidelines, or from pursuing in the courts any remedy otherwise available at law or in equity. 12. Natural Resource Protection. Development within The Village (at Avon) PUD shall comply with Section 7.28.100 of the Development Code, as in effect on the date of execution of the Settlement Term SheetOctober 7, 2011, except as set forth in this section or expressly exempted in Exhibit G to this PUD Guide. Notwithstanding any contrary provision of the Municipal Code, as in effect from time to time, development within The Village (at Avon) PUD may occur on slopes of thirty percent (30%) or greater for public improvements, other infrastructure improvements, streets, drive lanes, driveways, utilities and similar improvements. 13. Residential Fire Suppression Systems. All single-family and multi-family residential structures constructed in Planning Area RMF-1-1 and in Planning Area K shall include fire suppression systems as required by applicable Eagle River Fire Protection District regulations, as may be amended from time to time and applied on a uniform and nondiscriminatory basis within the Town. With Respect to Planning Area RMF-1-1 and Planning Area K, the Town may enforce the applicable Eagle River Fire Protection District regulations but may not adopt or apply any residential fire suppression system regulations which are more stringent or inconsistent with residential fire suppressions system regulations adopted by the Eagle River Fire Protection District for Planning Area RMF-1-1 and Planning Area K. 14. Park, Recreation and Trail Access. All parks, recreation and trails facilities the construction, maintenance and operation of which the “Districts” (as described in Exhibit F of the Development Agreement) finance shall be open, on a uniform and nondiscriminatory basis, to all residents of the Town at such times and subject to such rules and regulations as the Districts shall prescribe. Additionally, the Master DeveloperLandowner shall facilitate, but shall have no obligation to construct or install, non-motorized access through the Property to off-siteoff-site trail systems as follows, which obligations shall constitute the sole and exclusive off -site trail connection requirements for The Village (at Avon) PUD and expressly supersede any off-site trail connection regulations set forth in the Municipal Code: EXHIBIT B TO ORDINANCE 26-02 1650530.6 60 2985509.13 (a) Master DeveloperLandowner previously has provided a public trail head location in Planning Area RMF-2-2, connected by a trail to United States Forest Service property located north of Planning Area OS1, and Master Developer’sLandowner’s obligations with respect to public trail connectivity between Planning Area RMF-2-2 and Planning Area OS1 have thereby been fully satisfied as ofprior to the Effective Date; and (b) Master DeveloperLandowner shall facilitate, but shall not have the obligation to construct, a trail, sidewalk and/or road to be oriented on a generally east-west axis, and which shall cross the Property solely through Planning Areas I, J, P3, OS2 and RMF-2-2 and the most southerly quarter section of Planning Area K. Master DeveloperLandowner shall determine in its sole discretion the location within the Property of such trail, sidewalk and/or road. 15. Community Housing PlanAffordable Housing Plan. Master DeveloperLandowner will provide for affordable housing, or assure that others provide, for Community Housing Units within the Property at locations determined by Master DeveloperLandowner in its sole discretion and in accordance with the following terms, conditions and requirements set forth in this Section I.15. The obligations set forth in this Section I.15 shall constitute the sole and exclusive affordable or community housing requirements for The Village (at Avon) PUD and expressly supersede any affordable or community housing regulations set forth in the Municipal Code. Notwithstanding the foregoing, if, subsequent to the Effective DateAugust 1, 2014, the Town amends from time to time Section 7.20.100 of the Development Code, the Master DeveloperLandowner, in its sole discretion, may consider amendment of this PUD Guide to incorporate such amended provisions herein, which amendment(s), if any, shall be processed in accordance with the administrative amendment procedure set forth in Section H.3. Master DeveloperLandowner will provide for a total of 500 affordable housing unitsCommunity Housing Units, or assure that the same are supplied by others, as set forth below. The greater of the number of Community Housing Units: (x) permitted within Planning Areas CH-1 and CH-2 pursuant to Section D.13(e)(iii) (as may be increased by a Development Bonus pursuant to Section D.1(f)); and (y) actually constructed within Planning Areas CH-1 and CH-2, shall count towards the Property’s Community Housing Unit obligation, regardless of whether or when the Town causes the construction of such Community Housing Units. As of the Effective Date, Master DeveloperLandowner has provided 244 affordable housing units, and, therefore, Master Developer’s308 Community Housing Units [24 Community Housing Units permitted, but not yet constructed, in Planning Area CH-1 + 40 Community Housing Units permitted, but not yet constructed, in Planning Area CH-2 + 244 Community Housing Units in other areas of the Property = 308]. Therefore, Master Landowner’s obligation after the Effective Date is to provide, or assure others provide, the remaining 256 affordable housing units [500 – 244 = 256]192 Community Housing Units [500 – 308] = 192] (“Remaining Community Housing Units”). The Master DeveloperLandowner will have an obligation to provide the remaining 256 affordable housing units, or assure others provide, the Remaining Community Housing Units at such time as both of the following conditions have been satisfied: (i) the Town has issued final certificates of occupancy for Commercial Space within the Property in the aggregate of 650,000 square feet of consolidated Gross Square Footage; and (ii) the Town has issued final certificates of occupancy for an aggregate of 1,881 Dwelling Units. The foregoing calculationsconditions (i) and (ii) shall not include past or additional affordable housing unitsCommunity Housing Units and shall not include Commercial Space or Dwelling Units located within Planning Area I. EXHIBIT B TO ORDINANCE 26-02 1650530.6 61 2985509.13 (b) The Master DeveloperLandowner will have an obligation to provide an additional 23 affordable housing unitsCommunity Housing Units, or assure that the same are supplied by others, as set forth below and as follows: Thethe Master DeveloperLandowner will have the obligation to provide such additional 23 affordable housing unitsCommunity Housing Units only upon the satisfaction of the conditions precedent as set forth in this subsection. The Master DeveloperLandowner will have the obligation to provide 13 of the additional 23 affordable housing unitsCommunity Housing Units only upon the Town’s issuance of final certificates of occupancy for Commercial Space within the Property in the aggregate of 750,000 square feet of consolidated Gross Square Footage. The Master DeveloperLandowner will have the obligation to provide an additional 10 of such 23 affordable housing unitsCommunity Housing Units (for a total of 23 additional affordable housing unitsCommunity Housing Units) only upon the Town’s issuance of final certificates of occupancy for Commercial Space within the Property in the aggregate of 825,000 square feet of consolidated Gross Square Footage. (c) Priority in the sale and rental of the units will first go to people employed in the Property, second to people employed in the Town outside of the Property, and third to people employed in Eagle County outside of the Town; provided, however, that within Planning Area RMF-2 the priority in the rental of units qualified as required affordable housing units will first go to people employed in the Town and second to people employed in Eagle County outside of the Town.In accordance with the terms of the Original PUD, a minimum of 100 Community Housing Units, were constructed in conjunction with the initial phase of commercial and/or residential construction within the Property. The timing of the construction of the Remaining Community Housing Units shall be as described in Sections I.15(a) and I.15(b). (d) For-sale units will be targeted to households earning 80% - 120% of the Eagle County Median Family Income (the “ECMFI”) as determined by the Department of Housing and Urban Development guidelines or by the Town in the event such guidelines cease to be maintained by the Department of Housing and Urban Development. Not more than fifty percent (50%) of such units may be targeted for sale to households earning 120% of the ECMFI.The Town will administer all Community Housing Units in accordance with the Community Housing Policies. Maximum rents and income limits shall be determined by (i) the most recent Colorado Housing and Finance Administration Income Limits and Maximum Rent Tables for Eagle County; or (ii) a separate agreement or deed restriction between a Landowner and the Town for a particular Site, in which case said Dwelling Units shall count toward Master Landowner’s Community Housing Unit obligation set forth in this Section I.15. (e) For-sale units shall be deed restricted to require the following:Community Housing Units may be for-sale or for-rent. (i) For-Sale Community Housing Units. (1) Unless agreed to by the Town and Master Landowner by separate agreement, for-sale Community Housing Units shall be restricted to (a) households earning up to 140% of the Area Median Income (or such EXHIBIT B TO ORDINANCE 26-02 1650530.6 62 2985509.13 higher Area Median Income as may be set forth in Section 7.20.100 of the Development Code or the Community Housing Policies), with household income calculated as a four-person household for all households, or (b) Qualified Employers (as such term is defined in the Community Housing Policies) in accordance with the Community Housing Policies. (2) For-sale Community Housing Units shall be subject to the Community Housing Unit deed restrictions in the form set forth in Appendix A of the Community Housing Policies or in a form approved by Town Council. (ii) For-Rent Community Housing Units. (1) Unless agreed to by the Town and Master Landowner by separate agreement, for-rent Community Housing Units shall be restricted to households earning up to 120% of the Area Median Income (or such higher Area Median Income as may be set forth in Section 7.20.100 of the Development Code or the Community Housing Policies), with the maximum rent per bedroom of a Community Housing Unit not to exceed the rent applicable to 120% of the Area Median Income divided by the number of bedrooms in the Community Housing Unit. (i) The sale of units shall be restricted to “Qualified Buyers,” defined as follows: (1) An owner who occupies the unit as his or her primary place of residence; (2) An owner who is a full time employee working at least thirty hours per week in the Town or Eagle County, or a retired person who has been a full time employee in the Town or Eagle County a minimum of four years immediately prior to his or her retirement, or a person having a medical disability who has been a full time employee in the Town or Eagle County a minimum of two years immediately prior to his or her determination of disability, or the spouse or dependent of any such persons who resides with them; (3) An owner whose household income does not exceed 120 percent of the ECMFI; and (4) An owner whose total current family net assets are not in excess of $225,000.00 ($337,500.00 for a retired person) or whose total current family net assets have not been in excess of $225,000 ($337,500 for a retired person) during the two years preceding if the same were transferred or disposed of to confer eligibility hereunder. The foregoing limitations shall annually be adjusted for inflation on the basis of the applicable Consumer Price Index (the “CPI”). For purposes of this subparagraph (4), the CPI shall mean Series ID: CUUSA433SA0 (All Urban Consumers; Not Seasonally Adjusted; Denver-Boulder-Greeley, CO; All items; Base Period 1982-84=100; 1st half of 1998 = 160.5). EXHIBIT B TO ORDINANCE 26-02 1650530.6 63 2985509.13 (ii) An annual price appreciation cap of 3%, or such higher percentage as the Town Council may approve from time to time, will be established. (iii) If and when an owner moves out of his or her unit, he or she will be required to sell his or her unit to Master Developer (which unit shall be resold or rented by Master Developer in accordance with this deed restriction) or a Qualified Buyer. (iv) The rental units will be targeted to households earning between 50% - 80% of the ECMFI. Rents shall not exceed 30% of the tenant’s monthly income, adjusted for household size, including utilities, for which allowances are determined annually by the Colorado Housing Finance Agency. (v) Capital improvements to a for-sale unit may be made up to ten percent (10%) of the original purchase price of the unit every ten (10) years. No restrictions on capital improvements shall be placed on rental units. (vi) In addition to the annual price appreciation, real estate commissions not to exceed three percent (3%) and closing costs shall be allowed for re-sales of for-sale units after the initial sales of such for-sale units by the Master Developer. (vii) First time home buyers shall be exempt from Real Estate Transfer Fees as set forth in the Development Agreement. (f) In accordance with the terms of the Original PUD, a minimum of 100 affordable housing units were constructed in conjunction with the initial phase of commercial and/or residential construction within the Project. The timing of the construction of the remaining affordable housing units by Master Developer (or Master Developer’s designee) shall be as described in Sections I.15(a) and I.15(b).Notwithstanding anything to the contrary herein, up to 85 of the Remaining Community Housing Units still to be provided as of the Effective Date may be resident-occupied Community Housing Units (either for sale or for rent) without regard to the Area Median Income level, subject to Master Landowner’s approval. If the Town and Master Landowner both approve, then more than 85 of the Remaining Community Housing Units may be provided within the Property as resident-occupied Community Housing Units (either for sale or for rent) without regard to the Area Median Income level. (g) Notwithstanding anything in the Community Housing Plan to the contrary, the Town may lease up to two Community Housing Units within Planning Area CH-2 to Town employees without regard to the Area Median Income level and at any rental amount, so long as each lease (inclusive of any extension or renewal thereof) does not exceed a period of 14 months. 16. Provision of Certain Amenities.. (a) Community Park (Planning Area P3). (i) Construction of the initial fifty percent (50%) of the community park shall be commenced prior to the date that the Town’s obligation arises to issue EXHIBIT B TO ORDINANCE 26-02 1650530.6 64 2985509.13 a certificate of occupancy for the Dwelling Unit constituting the 601st Dwelling Unit within the Property that otherwise is eligible to receive a certificate of occupancy. (ii) Construction of the second fifty percent (50%) of the community park shall be commenced prior to the date that the Town’s obligation arises to issue a certificate of occupancy for the Dwelling Unit constituting the 1200th Dwelling Unit within the Property that otherwise is eligible to receive a certificate of occupancy. (iii) Once commenced, construction of the improvements contemplated in (i) and (ii) above shall be prosecuted with due diligence in accordance with sound construction practices. (b) Pocket Parks (Planning Areas P1 and P2). (i) As of the Effective Date, the Master Developer and the Developer AffiliatesLandowner and the Affiliated Landowners have fully satisfied all obligations with respect to provision of a pocket park within Planning Area P2. (ii) The Master Developer and/or Developer AffiliatesLandowner and/or Affiliated Landowners shall dedicate to the Town a pocket park generally comprising Planning Area P1 contemporaneously with the Town’s approval of the first Final Plat within Planning Area C, provided that any and all improvements to and within Planning Area P1 shall be the sole responsibility of the Town. (c) Additional Parkland Dedication. As and when set forth in Section 3.7(d) of the Development Agreement, Master DeveloperLandowner and/or the Developer AffiliatesAffiliated Landowners shall dedicate certain additional parkland to the Town comprising 5.8 acres in the aggregate within Planning Areas K, J and I; provided however, Master DeveloperLandowner and/or the Developer AffiliatesAffiliated Landowners may, in their sole discretion, dedicate any or all of such additional parkland in Planning Areas A, C and/or D, which dedicated parkland may be adjacent to Planning Area P1 resulting in the enlargement or widening of Planning Area P1. Unless waived by the Director, such parkland shall comply with the following minimum requirements: (i) Minimum one-quarter (1/4) acre in size; (ii) Centrally located within, adjacent or to neighborhoods served; (iii) Sited to provide for public surveillance from adjacent or nearby streets; (iv) Accessible from the surrounding neighborhoods by sidewalks and/or trails; and EXHIBIT B TO ORDINANCE 26-02 1650530.6 65 2985509.13 (v) Unless dedicated for linear park purposes (i.e., multi-use trails, bikepaths, etc.), at least fifty percent (50%) of the dedicated parkland shall be well- drained and level. (d) Planning Area B. (i) Contemporaneously withPrior to the Effective Date and as contemplated by the Settlement Term Sheet, the Town has approved a Final Plat for Planning Area B and Traer Creek-RP hasCreek-RP executed and delivered to the Town a special warranty deed for the purpose of conveying to the Town fee simple ownership of Planning Area B, subject to the terms and conditions set forth in the special warranty deed and further subject to compliance with all applicable terms, conditions, regulations and requirements of this PUD Guide and the Design Covenant. (ii) At such time as the Town determines desirable, the Town shall be responsible for the cost of all design, construction, operation and maintenance of improvements within or upon Planning Area B. All such Uses and improvements within or upon Planning Area B shall be subject to review and written approval of the Design Review Board. (iii) As and when Master DeveloperLandowner determines it to be necessary or desirable in connection with development within Planning Areas that abut or are adjacent to Planning Areas B and upon submittal of an Application for such purposes, the boundaries of Planning Area B shall be modified pursuant to the administrative platting procedures set forth in Section G of this PUD Guide, subject to the following conditions: (1) The Town has not previously constructed improvements within or upon Planning Area B that make such modifications impossible or that would cause such modifications to unreasonably interfere with the Town’s operation and use of such previously constructed improvements; (2) Such modifications shall not result in a reduction in the aggregate acreage of Planning Area B without the Town’s written consent; (3) Concurrently with recording such Final Plat, the Town and the Applicant(s) shall exchange special warranty deeds conveying the applicable modified areas to the appropriate grantee, subject to matters of record and deed restrictions, if any, reasonably acceptable to the applicable grantee; and, (4) Such modifications may be accomplished as part of ana Final Plat that establishes Lots or Blocks with respect to the adjacent or abutting Planning Area(s), in the discretion of the Applicant. EXHIBIT B TO ORDINANCE 26-02 Exhibit A- Page 1 1650530.6 2985509.13 EXHIBIT A EXHIBIT A Legal Description EXHIBIT B TO ORDINANCE 26-02 Exhibit A- Page 2 1650530.6 2985509.13 WEST PARCEL Lot 1, Lot 2, Lot 3, Lot 4, Lot 5, Tract A, Tract B, Tract C, Tract D, Tract E, Tract F, Tract G and Tract H The Village (at Avon) Filing 2 according to the Final Plat of The Village (at Avon) Filing 2 recorded on May 28, 2002 at Reception No. 796831. STOLPORT EXHIBIT B TO ORDINANCE 26-02 Exhibit A- Page 3 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit A- Page 4 1650530.6 2985509.13 Lot 2, Lot 3, Lot 4, Tract B and Tract E The Village (at Avon) Filing 1 According to the Final Plat The Village (at Avon) Filing 1 recorded on May 8, 2002 at Reception No. 795009. Lot 5, Lot 6, Tract A, Tract C, Tract D, Tract F and Tract G The Village (at Avon) Filing1 According to the Amended Final Plat The Village (at Avon) Filing 1 recorded November 18, 2004 at Reception No. 898173 Lot 2 and Lot 3 Amended Final Plat, The Village (at Avon) Filing 1 - A Resubdivision of Lot 1 According to the Second Amended Final Plat – Amended Final Plat, The Village (at Avon) Filing 1- A Resubdivision of Lot 1 recorded August 1, 2014 at Reception No. 201412782. Lot 7, Lot 8 and Tract H Amended Final Plat, The Village (at Avon) Filing 1 - A Resubdivision of Lot 1 According to the Third Amended Final Plat – Amended Final Plat, The Village (at Avon) Filing 1 - A Resubdivision of Lot 1 recorded August 15, 2019 at Reception No. 201913092. Lot 1, Lot 9, Tract H-1, Tract I and Tract F-1 Amended Final Plat, The Village (at Avon) Filing 1 - A Resubdivision of Lot 1 According to the Fourth Amended Final Plat – Amended Final Plat, The Village (at Avon) Filing 1 - A Resubdivision of Lot 1 recorded March 13, 2024 at Reception No. 202402670. EXHIBIT B TO ORDINANCE 26-02 Exhibit A- Page 5 1650530.6 2985509.13 Town of Avon Eagle County, Colorado SOUTH PARCEL A (North of Railroad right-of-way) That part of the NE 1/4 of Section 17, Township 5 South, Range 81 West of the Sixth Principal Meridian, Eagle County, Colorado, according to the Dependent Resurvey of said Township and Range, accepted November 1, 1943 by the Department of the Interior General Land Office in Washington, D.C., lying north of the Denver & Rio Grande Western Railroad right-of-way line, described as follows: Beginning at the N 1/4 corner of said Section 17; thence S89°23'36"E 526.76 feet, along the northerly line of said NE 1/4 of Section 17, to the northerly right-of-way line of the Denver & Rio Grande Western Railroad; thence, departing said northerly line of Section 17, the following two courses along the northerly right-of-way line of the Denver & Rio Grande Western Railroad, said northerly right-of-way line being parallel with and 50 feet northerly of the centerline of the existing railroad tracks: (1) S80°36'27"W 267.66 EXHIBIT B TO ORDINANCE 26-02 Exhibit A- Page 6 1650530.6 2985509.13 feet; (2) 263.93 feet along the arc of a curve to the right, having a radius of 2486.03 feet, a central angle of 06°04'58", and a chord which bears S83°38'57"W 263.81 feet, to the westerly line of said NE 1/4 of Section 17; thence N00°20'55"W 78.44 feet, along said westerly line, to the point of beginning containing 0.53 acres, more or less. SOUTH PARCEL B (South of Railroad right-of-way) That part of the NE 1/4 of Section 17, Township 5 South, Range 81 West of the Sixth Principal Meridian, Eagle County, Colorado, according to the Dependent Resurvey of said Township and Range, accepted November 1, 1943 by the Department of the Interior General Land Office in Washington, D.C., lying south of the Denver & Rio Grande Western Railroad right-of-way line and north of the centerline of the Eagle River, described as follows: Beginning at the Northeast corner of said Section 17; thence S01°41'49"E 96.93 feet, along the easterly line of said Section 17, to the True Point of Beginning; thence, continuing along said easterly line, S01°41'49"E 73.07 feet, to the centerline of said Eagle River; thence the following four courses along said centerline (Filum aquce): (1) N89°24'49"W 1037.9 feet; (2) N86°07'49"W 472.00 feet; (3) N89°29'49"W 538.00 feet; (4) S82°33'11"W 595.15 feet, to the westerly line of said NE 1/4; thence N00°20'55"W 49.18 feet, along said westerly line to the southerly right-of-way line of the Denver & Rio Grande Western Railroad; thence, departing said westerly line of Section 17, the following five courses along the southerly right-of-way line of the Denver & Rio Grande Western Railroad, said southerly right-of-way line being parallel with and 50 feet southerly of the centerline of the existing railroad tracks: (1) 279.72 feet along the arc of a curve to the left, having a radius of 2586.03 feet, a central angle of 0 6°11'51", and a chord which bears N83°42'23"E 279.58 feet; (2) N80°36'27"E 350.86 feet; (3) 686.44 feet along the arc of a curve to the right, having a radius of 3171.27 feet, a central angle of 12°24'07", and a chord which bears N86°48'31"E 685.10 feet; (4) S86°59'25"E 1216.38 feet; (5) 112.54 feet along the arc of a curve to the right, having a radius of 2549.33 feet, a central angle of 02°31'46". and a chord which bears S85°43'31"E 112.53 feet, to the True Point of Beginning, containing 5.28 acres, more or less. TRACT M Those parts of Sections 8 and 9, Township 5 South, Range 81 West of the Sixth Principal Meridian, Eagle County, Colorado, according to the Dependent Resurvey of said Township and Range, accepted November 1, 1943, by the Department of the Interior General Land Office in Washington, D.C., described as a whole as follows: Beginning at the W 1/16 corner of said Section 9 and Section 16 of said Township and Range; thence N89°55'04"W 1371.96 feet, along the southerly line of said SW 1/4 SW 1/4 to the Section corner of said Sections 8, 9, and 16 and Section 17 of said Township and Range; thence N01°32'00"E 3.82 feet, along the westerly line of said Section 9, to the northerly right-of-way line of the Denver & Rio Grande Western Railroad, said northerly right-of-way line being parallel with and 50 feet northerly of the centerline of the existing railroad tracks; thence the following two courses along said northerly right-of-way line: (1) 104.48 feet along the arc of a curve to the left, having a radius of 2649.33 feet, a central angle of 02°15'34", and a chord which bears N85°51'36"W 104.47 feet; (2) N86°59'25"W 1213.28 feet, to the westerly line of the SE 1/4 SE 1/4 of said Section 8; thence N00°51'07"E 717.58 feet, along said westerly line; thence, departing said westerly line, S89°55'04"E 2698.45 feet, to the easterly line of the SW 1/4 SW 1/4 of said Section 9, thence, along said easterly line, S01°33'13"W 790.94 feet, to the point of beginning, containing 47.70 acres, more or less. REVISED EAST PARCEL (Minus Tract M) EXHIBIT B TO ORDINANCE 26-02 Exhibit A- Page 7 1650530.6 2985509.13 Those parts of Sections 7, 8, 9 & 10, Township 5 South, Range 81 West of the Sixth Principal Meridian, Eagle County, Colorado, according to the Dependent Resurvey of said Township and Range, accepted November 1, 1943 by the Department of the Interior General Land Office in Washington, D.C., described as a whole as follows: Beginning at the Northwest corner of said Section 8; thence the following four courses along the northerly line of said Section 8: (1) N88°40'41"E 1379.49 feet, to the W 1/16 corner of said Section 8 and Section 5 of said Township and Range; (2) N88°40'41"E 1379.49 feet, to the 1/4 corner of said Sections 8 and 5; (3) N88°42'58"E 1385.36 feet, to the E 1/16 corner of said Sections 8 and 5; (4) N88°42'58"E 1385.36 feet, to the corner of said Sections 5, 8 and 9 and Section 4 of said Township and Range; thence the following four courses along the northerly line of said Section 9: (1) N83°29'30"E 1386.63 feet, to the W 1/16 corner of said Sections 9 and 4; (2) N83°29'30"E 1386.64 feet, to the 1/4 corner of said Sections 9 and 4; (3) N83°24'12"E 1386.30 feet, to the E 1/16 corner of said Sections 9 and 4; (4) N83°24'12"E 1386.30 feet, to the corner of said Sections 4, 9 and 10 and Section 3 of said Township and Range; thence the following two courses along the northerly line of said Section 10: (1) N86°39'24"E 1381.29 feet, to the W 1/16 corner of said Sections 10 and 3; (2) N86°39'24"E 1299.94 feet; thence, departing said northerly line, S01°34'07"W 2699.66 feet, to the east-west centerline of said Section 10; thence, along said east-west centerline, S86°32'23"W 1304.06 feet, to the W 1/16 corner of said Section 10; thence S01°32'50"W 1349.33 feet, along the easterly line of the NW 1/4 SW 1/4 of said Section 10, to the SW 1/16 corner of said Section 10; thence S86°32'47"W 1384.91 feet, along the southerly line of said NW 1/4 SW 1/4, to the S 1/16 corner of said Sections 10 and 9; thence S77°10'15"W 1413.37 feet, along the southerly line of the NE 1/4 SE 1/4 of said Section 9, to the SE 1/16 corner of said Section 9; thence S01°33'02"W 1475.32 feet, along the easterly line of the SW 1/4 SE 1/4 of said Section 9, to the E 1/16 corner of said Section 9 and Section 16 of said Township and Range; thence S72°20'31"W 1450.43 feet, along the southerly line of said SW 1/4 SE 1/4, to the 1/4 corner of said Sections 9 and 16; thence N01°34'18"E 1601.52 feet, to the CS 1/16 corner of said Section 9; thence S86°07'30"W 1378.19 feet, along the southerly line of the NE 1/4 SW 1/4 of said Section 9, to the SW 1/16 corner of said Section 9; thence S01°33'13"W 715.42 feet, along the easterly line of the SW 1/4 SW 1/4 of said Section 9; thence, departing said easterly line, N89°55'04"W 2698.45 feet, to the westerly line of the SE 1/4 SE 1/4 of said Section 8; thence N00°51'07"E 620.19 feet, along said westerly line, to the SE 1/16 corner of said Section 8; thence N89°54'54"W 1333.58 feet, along the southerly line of the NW 1/4 SE 1/4 of said Section 8, to the CS 1/16 corner of said Section 8; thence N89°58'35"W 1366.46 feet, along the southerly line of the NE 1/4 SW 1/4 of said Section 8, to the SW 1/16 corner of said Section 8; thence S00°01'37"E 919.47 feet, along the easterly line of the SW 1/4 SW 1/4 of said Section 8, to the northerly right-of-way line of Interstate Highway No. 70, as described in the deed recorded in Book 223 at Page 982 in the office of the Eagle County, Colorado, Clerk and Recorder; thence the following ten courses along said northerly right-of-way line: (1) N65°30'20"W 249.79 feet; (2) N78°47'50"W 317.2 feet; (3) N83°08'20"W 506.7 feet; (4) 772.2 feet along the arc of a curve to the right, having a radius of 1462.0 feet, a central angle of 30°15'52", and a chord which bears N54°57'56"W 763.3 feet; (5) N34°37'50"W 331.1 feet; (6) N34°44'20"W 368.5 feet; (7) 804.9 feet along the arc of a curve to the left, having a radius of 1812.0 feet, a central angle of 25°27'04", and a chord which bears N51°29'50"W 798.3 feet; (8) N68°24'50"W 399.7 feet; (9) N49°47'20"W 213.6 feet; (10) N70°20'50"W 765.1 feet, to the northerly line of the SE 1/4 of said Section 7; thence the following two courses along said northerly line: (1) N89°50'40"E 1194.46 feet, to the CE 1/16 corner of said Section 7; (2) N89°50'40"E 1378.25 feet, to the 1/4 corner of said Sections 7 and 8; thence the following two courses along the westerly line of said Section 8: (1) N00°10'53"W 1369.09 feet, to the S 1/16 corner of said Sections 7 and 8; thence N00°10'53"W 1369.10 feet, to the point of beginning, containing 1421.24 acres, more or less. EXHIBIT B TO ORDINANCE 26-02 Exhibit A- Page 8 1650530.6 2985509.13 A PORTION OF WHICH “REVISED EAST PARCEL (Minus Tract M)” HAS BEEN PLATTED AND/OR REPLATTED AS: Tract A, Tract D, Tract E and Tract G The Village (at Avon) Filing 3 According to the Final Plat The Village (at Avon) Filing 3 recorded on June 29, 2004 at Reception No. 882176. Tract F The Village (at Avon) Filing 3 – A Reconfiguration of Tracts B and F According to the Amended Final Plat The Village (at Avon) Filing 3– A Reconfiguration of Tracts B and F recorded on May 9, 2007 at Reception No. 200712166. Block 2, Block 3, Block 4, Tract H-1, Tract H-2, Tract H-3, Tract I-1, Tract I-2, Tract I-3, Tract I- 4 and Road A Avon Landing, a Replat of Tract H - The Village (at Avon) Filing No. 3 According to the Final Plat Avon Landing, a Replat of Tract H - The Village (at Avon) Filing No. 3 recorded on September 3, 2015 at Reception No. 201516730. Tract I and Tract J The Village (at Avon) Filing 4 According to the Final Plat The Village (at Avon) Filing 4 recorded on March 27, 2015 at Reception No. 201505284. Tract B and Tract I Amended Final Plat Tracts B and I, The Village (at Avon) Filing 3, Second Amended Final Plat a Resubdivision of Tract B recorded on May 20, 2022, at Reception No. 202209167. Lot 1 and Lot 2, Outlot A and Outlot B Amended Final Plat, Stolport Station, A Replat of Block 1, Avon Landing, A Replat of Tract H, The Village (at Avon) Filing 3 recorded on November 5, 2021, at Reception No. 202125052. LESS AND EXCEPTING FROM THE ABOVE DESCRIBED REVISED EAST PARCEL (minus Tract M): Parcel Number: 1 as conveyed to the Department of Transportation, State of Colorado by Special Warranty Deed dated September 26, 2003, recorded October 6, 2003, at Reception No. 852794, which Parcel Number: 1 is depicted on the Final Plat, The Village (at Avon) Filing 3, recorded on June 29, 2004, at Reception No. 882176, which Parcel Number: 1 is noted on such plat as Tract C, NOT A PART OF THIS PLAT, 6.732 ACRES. EXHIBIT B TO ORDINANCE 26-02 Exhibit B- Page 1 1650530.6 2985509.13 EXHIBIT B EXHIBIT B PUD Master Plan[Follows This Page] EXHIBIT B TO ORDINANCE 26-02 EXHIBIT B TO ORDINANCE 26-02 Exhibit C- Page 1 1650530.6 2985509.13 EXHIBIT C EXHIBIT C The Village (at Avon) Parking Regulations A.Relationship to Municipal Code and Development Code. Parking within The Village (at Avon) PUD shall be in conformance with these Off Street Parking Regulations, which shall be the sole and exclusive parking regulations applicable within The Village (at Avon) PUD and which expressly supersede any parking regulations set forth in the Municipal Code or the Development Code, including without limitation, any additional or conflicting such provisions, and no such provisions of the Municipal Code or Development Code apply to The Village (at Avon) PUD even if not otherwise addressed in these Off Street Parking Regulations or any other part of The Village EXHIBIT B TO ORDINANCE 26-02 Exhibit C- Page 2 1650530.6 2985509.13 (at Avon) PUD. Notwithstanding the foregoing, if subsequent to the Effective Date, the Town amends from time to time the parking regulations set forth in the Municipal Code or the Development Code, the Master Landowner, in its sole discretion, may consider amendment of this PUD Guide to incorporate such amended provisions herein, which amendment(s), if any, shall be processed in accordance with the administrative amendment procedure set forth in Section H.3. B.Parking Table. All required parking shall be provided in accordance with the parking requirements as set forth in the parking table or as otherwise allowed by these regulations. TYPE OF LAND USE MINIMUM REQUIREMENTS 1.Residential Land Use Per dwelling Unit: Single-family or duplex 2 spaces / unit 3 spaces / unit for units over 2,500 sq. ft. not including garage Multifamily building and townhouses Studio 1 space One bedroom 1-1/2 spaces Per Short Term Rental 1 space All others 2 spaces Per accommodation unit including lockoffs: One bedroom 1 space Over one bedroom 1 space plus ½ space for each additional bedroom in excess of one Guest parking spaces: Multifamily and townhouses (includes Short Term Rentals) 3 - - 5 units 2 spaces 5 - - 10 units 3 spaces 11 - - 15 units 4 spaces 16 - - 20 units 5 spaces 21 - - 25 units 6 spaces EXHIBIT B TO ORDINANCE 26-02 Exhibit C- Page 3 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit C- Page 4 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit C- Page 5 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit C- Page 6 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit C- Page 7 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit C- Page 8 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit C- Page 9 1650530.6 2985509.13 F. Supplemental Parking Regulations for Planning Area CH-2 Community Housing Units. The following provisions apply only to Community Housing Units in Planning Area CH-2: 1. Parking Enforcement. As part of the Applicant’s submittal to the Design Review Board for any Building containing Community Housing Units, the Applicant must include a parking enforcement plan detailing the Applicant’s proposed parking program for future residents and guests and enforcement measures to ensure such residents and guests do not park off-site, and the Design Review Board and Master Landowner must review and approve such parking plan prior to the Town’s issuance of any building permits. 2. Lease Provisions. All leases for Community Housing Units must contain an express provision stating that residents and their guests may only utilize the parking provided for such use within Planning Area CH-2. Any off-site parking by residents or their guests will constitute a default under their lease. 3. Fencing. As part of the Applicant’s submittal to the Design Review Board for any Building containing Community Housing Units, the Applicant must include plans for fencing along the boundary between Planning Area CH-2 and Lot 4, The Village (at Avon), Filing 1, recorded in the real property records of Eagle County, Colorado on May 8, 2022 at Reception No. 795007. The Applicant will install such fencing approved by the Design Review Board before applying for a certificate of occupancy for such Buildings from the Town. EXHIBIT B TO ORDINANCE 26-02 Exhibit D- Page 1 1650530.6 2985509.13 EXHIBIT D EXHIBIT D Wildlife Mitigation Plan EXHIBIT B TO ORDINANCE 26-02 Exhibit D- Page 2 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit D- Page 3 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit D- Page 4 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit D- Page 5 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit D- Page 6 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit D- Page 7 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit D- Page 8 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit D- Page 9 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit E- Page 1 1650530.6 2985509.13 EXHIBIT E EXHIBIT E Minimum Design Guideline Standards EXHIBIT B TO ORDINANCE 26-02 Exhibit E- Page 2 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit E- Page 3 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit E- Page 4 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit E- Page 5 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit E- Page 6 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit E- Page 7 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit E- Page 8 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit E- Page 9 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit E- Page 10 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit E- Page 11 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit E- Page 12 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit E- Page 13 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit E- Page 14 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit E- Page 15 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit E- Page 16 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit E- Page 17 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit E- Page 18 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit F- Page 1 1650530.6 2985509.13 EXHIBIT F EXHIBIT F Street Standards A. Street Design and Improvement Standards. Development within The Village (at Avon) shall comply with the street design and improvement standards contained within Sections 7.28 and 7.32 of the Development Code, as modified by the standards set forth in this Exhibit F. 1. Street Descriptions and Types. (a) (i) Post Boulevard (constructed): this Urban Arterial Road extends south from Swift Gulch Road (constructed) to US 6 and has an interchange with I-70-70. Curb, gutter, and attached sidewalks are provided along both sides of the roadway, and on the eastern side only between Fawcett Rd. and Yoder Ave., within an 84’ -- 100’ R.O.W. The posted speed limit on Post Boulevard is 30 MPH, changing to 35 MPH at the north end. (b) (ii) Yoder Avenue (constructed): this Urban Collector Cul-de-sac Road extends east from Post Boulevard (constructed) to the Cul-de-sac. Curb, gutter, and attached sidewalks are provided along both sides of the roadway, and on the south side only from Fawcett Rd. to the cul-de-sac, within a 60’ R.O.W. A center turn lane is provided. The posted speed limit is 25 MPH. (c) (iii) Fawcett Road (constructed): this Urban Collector Road extends between Post Boulevard (constructed) and Yoder Avenue (constructed). Curb, gutter, and sidewalk are provided along both sides of the roadway, and along the western side only from the Wal-Mart entry to Yoder Ave., with-inwithin a 60’ – 71’ R.O.W. A center turn lane is provided. The posted speed limit is 25 MPH. (d) (iv) East Beaver Creek Boulevard (temporary): this Rural Local Road extends from Avon Road to Post Boulevard (constructed). The posted speed limit of 30 MPH. (e) (v) Swift Gulch Road (constructed): this Rural Local Road extends from Avon Road to Post Boulevard (constructed). An 8’ wide multi-use trail exists within the varying width R.O.W. (f) (vi) East Beaver Creek Boulevard (conceptual): this Urban Local Road extends from Avon Road at the western edge of Lot 1, to Post Boulevard (constructed). Curb, gutter, and sidewalk shall be provided along the roadway, within a 50’ (min.) R.O.W. as generally depicted on the conceptual illustration attached as a part of this Exhibit F (illustration 7 or 8). (g) (vii) Main Street (conceptual): this Urban Local Road extends from the western edge of Lot 1 at Chapel Place to the roundabout at Post Boulevard (constructed). Curb, gutter, and sidewalk shall be provided along the roadway, as generally depicted on the conceptual illustration attached as a part of this Exhibit F (for the central segment; illustration 2, 3 or 4; for the western segment illustration 5 or 6, for the eastern segment EXHIBIT B TO ORDINANCE 26-02 Exhibit F- Page 2 1650530.6 2985509.13 illustration 15, 16 or 17). The conceptual illustrations for the eastern segments are intended to illustrate possible scenarios for the width of the R.O.W. and associated improvements (i.e., sidewalks, landscape buffers, bike lanes, etc.). The R.O.W. as designed and constructed may vary from such illustrations relating to, among other factors, the location of such segment and the character of the development adjacent thereto. By way of example but not limitation, sidewalks on both sides of the travel lan es may not be necessary in certain locations, on-street parking may not be desirable in certain locations and center turn lanes may or may not be necessary in certain locations. (h) (viii) Swift Gulch Road (conceptual): this Rural Local Road extends east from the roundabout at Post Blvd. (constructed) through Planning Area J, the United States Forest Service parcel, to Planning Area I. Paved shoulders, and either a bike lane or a multi- usemulti-use trail shall be provided within a 50’ (min.) R.O.W. as generally depicted on the conceptual illustration attached as a part of this Exhibit F (illustration 10, 11, or 12). The bike lane or multi-usemulti-use trail, or applicable phase thereof, shall be provided in connection with and contemporaneously with the construction of Swift Gulch Road, or applicable phase thereof. (i) (ix) Road A (conceptual): this Urban Local Road extends from East Beaver Creek Blvd. (conceptual) to Main Street (conceptual). Curb, gutter, and sidewalk shall be provided along both sides of the roadway, within a 50’ (min.) R.O.W. as generally depicted on the conceptual illustration attached as a part of this Exhibit F (illustration 5 or 6). (j) (x) Road B (conceptual): this Urban Local Road extends from the western roundabout of Main Street (conceptual) to the eastern roundabout of Main Street (conceptual). Curb, gutter, and sidewalk shall be provided along one side of the road, within a 50’ (min.) R.O.W. as generally depicted on the conceptual illustration attached as a part of this Exhibit F (illustration 5, 6, or 9). (i) (1) At the option of the applicant this may be designated as a one- way street. (k) (xi) Road C (conceptual): this Urban Local Cul-de-sacCul-de-sac Road extends north from the eastern roundabout of Main Street (conceptual) to the cul-de- saccul-de-sac. Curb, gutter, and sidewalk shall be provided along both sides of the road, within a 50’ (min.) R.O.W. as generally depicted on the conceptual illustration attached as a part of this Exhibit F (illustration 5 or 6). (l) (xii) Road D (conceptual): this Rural Local Cul-de-sacCul-de-sac Road extends east from East Beaver Creek Blvd. (conceptual) to the cul-de-sac. Hard shoulders and a pedestrian path (attached or separated) shall be provided, within a 50’ (min.) R.O.W. as generally depicted on the conceptual illustration attached as a part of this Exhibit F (illustration 10 or 12). (m) (xiii) Road E (conceptual): this Rural Local Cul-de-sac Road extends north and east from the roundabout at Post Blvd. (constructed) and Swift Gulch Rd. (constructed) to the cul-de-saccul-de-sac. paved shoulders shall be provided, within a 50’ (min.) R.O.W. EXHIBIT B TO ORDINANCE 26-02 Exhibit F- Page 3 1650530.6 2985509.13 as generally depicted on the conceptual illustration attached as a part of this Exhibit F (illustration 10 or 12 for that section of the road below RMF-1-1, and illustration 10 for that section of road above RMF-1-1). (n) (xiv) Spur Roads F-NF-N (conceptual): these Rural Local Cul-de- sacCul-de-sac Roads extend from Road E (conceptual) to their cul-de-sacscul-de-sacs. Paved shoulders shall be provided, within a 50’ (min.) R.O.W. as generally depicted on the conceptual illustration attached as a part of this Exhibit F (illustration 10). (o) (xv) Roads located within Planning Areas I, K, and RMF-1-1 (conceptual): Any additional roads not currently designated shall be Rural Local Roads with paved shoulders within a 50’ (min.) R.O.W. as generally depicted on the conceptual illustration attached as a part of this Exhibit F (illustration 10 or 12). 2. Bus stop locations may be provided within certain portions of the eastern segments of Main Street and/or East Beaver Creek Boulevard as depicted on the conceptual illustration attached as a part of this Exhibit F (illustration 18); provided however, such locations and designs as depicted are conceptual in nature and non-binding, and the location and design of such bus stops, if any, shall be established in connection with the design of the applicable R.O.W. segment, and shall be based on various site specific features such as the topography, grade, traffic engineering considerations and similar matters. 3. The engineering, installation and construction of any road within The Village (at Avon) may, at the discretion of the Applicant, be phased. Only the portion of a road that is necessary to serve the property that is the subject of the applicable Application shall be required to be engineered, installed and constructed in connection with the development of such property; provided, however, if any such road is depicted on the PUD Master Plan to extend and continue further than such phase, the Applicant shall submit Preliminary Engineering for the extended road as a part of its Application in accordance with Section A.4(g)A.4(g) of the PUD Guide. 4. Modifications to Street Standards. (a) Minimum Driving Surface: 22 feet (i) Except, those lots within PA-KPA-K, above RMF-1-1, which are limited to 20 feet per Exhibit D, Wildlife Mitigation Plan. (b) Minimum Shoulder: 2 feet each side, paved (i) Shoulders shall not be required if curb and gutter are installed. Median areas shall not require a sidewalk and, if curb and gutter is installed, shall not require a shoulder. (c) Design Speed: 30 MPH except as listed below EXHIBIT B TO ORDINANCE 26-02 Exhibit F- Page 4 1650530.6 2985509.13 (i) Post Boulevard (constructed): 35 MPH (ii) East Beaver Creek Boulevard (temporary): 35 MPH (iii) Spur roads F – N (conceptual): 25MPH25 MPH (d) Maximum Grade: 6% except as listed below (i) East Beaver Creek Blvd.: 8%, provided that: (1) the grade is not maintained for a distance in excess of 500 feet; and (2) no spur roads or driveways will have access points during the run of 8%; provided, however, reduction of the grade to 6% at a spur road or driveway access points and thereafter returning the grade to 8% shall be permitted. (ii) Swift Gulch Road (conceptual): 10%, provided that: (1) the grade is not maintained for a distance in excess of 800 feet; and (2) no spur roads or driveways will have access points during the run of 10%; provided, however, reduction of the grade to 8% at a spur road or driveway access points and thereafter returning the grade to 10% shall be permitted. (iii) Spur Road F (conceptual): 10% (iv) Road E (conceptual): 10%, provided that: (1) the grade is not maintained for a distance in excess of 800 feet; and (2) no spur roads or driveways will have access points during the run of 10%; provided, however, reduction of the grade to 8% at a spur road or driveway access points and thereafter returning the grade to 10% shall be permitted. (e) Minimum Curve Radius: 100 feet (i) The driving width does not included curve widening if required by AASHTO. (f) Minimum Site Distance: 200 feet (g) Cul-de-SacsCul-de-sacs EXHIBIT B TO ORDINANCE 26-02 Exhibit F- Page 5 1650530.6 2985509.13 (i) Cul-de-sacsCul-de-sacs within Planning Area C may exceed 1,000 feet in length; provided, however, they shall not serve more than 450 Dwelling Units. The portion of any such cul-de-sac serving 250 or more Dwelling Units shall be constructed to Rural Collector Road, and the port ion of such cul-de-saccul-de-sac serving less than 250 Dwelling Units shall be constructed to Rural Local Road. (ii) Cul-de-sacsCul-de-sacs located north of Interstate 70 may exceed 1,000 feet in length and service not more than 280 Dwelling Units; provided, however, the portion of any such cul-de-saccul-de-sac that is in excess of 1,000 feet shall not serve Commercial Uses except those Commercial Uses specifically included in Sections D.8(a), D.8(b), D.9(a) or D.9(b) D.8(a), D.8(b), D.9(a) or D.9(b) of this PUD Guide. (h) Retaining walls (i) Retaining walls over four feet in height or any wall supporting a vehicular load or structure shall be structurally designed and certified by a Colorado licensed professional engineer. (ii) Retaining walls over ten (10) feet that support naturally occurring topography and other site development constraints shall be designed with a series of retaining walls with landscaped terraced steps. The width of the terrace between any two ten (10)--foot vertical walls shall be at least four (4) feet. Retaining walls higher than ten feet shall be separated from any other retaining wall by a minimum of five (5) feet horizontally. Terraces created between the retaining walls shall be permanently landscaped. (iii) Retaining walls supporting a vehicular load or structure (below-road retaining wall) shall not exceed twenty-ninetwenty-nine (29) feet in height. Retaining walls supporting naturally occurring topography (above-road retaining wall) shall not exceed twenty-ninetwenty-nine (29) feet in height. An above-road retaining wall and a below-road retaining wall meeting the above requirements may abut the same portion of the right-of-way or road (such that they are above and below, respectively, the same right-of-way or road). The Director shall have the authority to review and approve retaining walls that exceed the foregoing height limitation. Notwithstanding the foregoing to the contrary, retaining walls occurring along Road E (conceptual) between SP 241.00 and SP 260.00 (as generally depicted on the conceptual illustration map of the Project included in this Exhibit F) shall have no height restrictions. 5. Dedication to Town. All streets installed and constructed in accordance with the street design and improvement standards contained within Sections 7.28 and 7.32 of the Development Code, as modified by this Exhibit F, shall be accepted by the Town for ownership and maintenance in accordance with the terms and conditions of the applicable Public Improvements Agreement. EXHIBIT B TO ORDINANCE 26-02 Exhibit F- Page 6 1650530.6 2985509.13 6. Implementation of Settlement Term SheetIntent Regarding Planning Areas K and RMF-1. With respect to streets to serve Planning Areas K and RMF-1-1, the modifications set forth in this Exhibit F to the street design and improvement standards contained within Sections 7.28 and 7.32 of the Development Code are intended to implement the terms of the Settlement Term Sheet in order that, among other matters, assure that access be provided to the Uses permitted on Planning Areas K and RMF-1-1 pursuant to the Development Standards. As detailed engineering cannot be accomplished with respect to such streets as of the Effective Date, it is the Master Developer’sLandowner’s and the Town’s intent that this Exhibit F be modified from time to time, as reasonably necessary, in order to provide for such financially feasible access, all in accordance with the applicable procedures as set forth in this PUD Guide. EXHIBIT B TO ORDINANCE 26-02 Exhibit F- Page 7 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit F- Page 8 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit F- Page 9 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit F- Page 10 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit F- Page 11 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit F- Page 12 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit F- Page 13 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit F- Page 14 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit F- Page 15 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit F- Page 16 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit F- Page 17 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit F- Page 18 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit F- Page 19 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit F- Page 20 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit F- Page 21 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit F- Page 22 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit F- Page 23 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit F- Page 24 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit F- Page 25 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit F- Page 26 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit F- Page 27 1650530.6 2985509.13 EXHIBIT B TO ORDINANCE 26-02 Exhibit G- Page 1 1650530.6 2985509.13 EXHIBIT G EXHIBIT G Municipal Code Provisions Not Applicable to The Village (at Avon) PUDDevelopment Code Provisions: (a) § 7.16.060(i) Lapse of a Final PUD (b) §§ 7.16.060(j)(1)(ii) & (iii) Revocation of a Final PUD (c) § 7.16.090 Design Review (d) § 7.16.100 Special Review Use (e) § 7.16.140(b)(2) Vested Property Rights Created (only the second sentence reading, “Amendments to any site specific development plan shall be subject to this Chapter and shall have a new vested property right as determined by the Town Council.”) (f) § 7.16.140(g) Forfeiture of Vested Property Rights (g) § 7.20.100 Employee Housing Mitigation (h) Select sections of Chapter 7.24, specifically listed as follows: § 7.24.040, § 7.24.050(a) and (b), § 7.24.060, § 7.24.070(e) (i) §§ 7.28.020(b)(4) & (5) Applicability and Location: Location and Ownership (j) § 7.28.020(e) Off-StreetOff-Street Parking (k) § 7.28.020(g) Computation of Parking and Loading Requirements (l) § 7.28.020(h) Off-SiteOff-Site Parking (m) § 7.28.050 Landscaping (n) § 7.28.070(b)(4) Retaining Walls (o) § 7.28.060 Screening (p) § 7.28.090 Design Standards, provided that subsection (c)(5) shall apply (q) §§ 7.28.100(a)(3)(v), (x) & (xiii)(D) Natural Resource Protection (r) §§ 7.28.100(a)(3)(xiii)(E) Natural Resource Protection (only with respect to Planning Areas I, K and RMF-1-1) (s) §§ 7.32.010(c)(2) & (6) Engineering Improvement Standards: Standards and Specifications EXHIBIT B TO ORDINANCE 26-02 Exhibit G- Page 2 1650530.6 2985509.13 (t) § 7.32.030(l) Engineering Improvement Standards: Streets; Grades, Curves, and Sight Distances (u) § 7.32.030(m) Engineering Improvement Standards: Streets; Cul-de- sacsCul-de-sacs (v) § 7.32.040(c) Paved Trail Design: Minimum Width (w) § 7.32.040(e) Paved Trail Design: Grades (x) § 7.32.080 School Site Dedication (Pursuant to Section 3.7(a) of the Development Agreement, Section 7.32.080 of the Development Code with respect to school site dedications, subject to the provisions of Section 3.9(b) of the Development Agreement) (y) § 7.32.090 Park Land Dedication, subject to the provisions of Section 3.9(b) of the Development Agreement (z) § 7.40 1041 Regulations 2. Other Municipal Code Provisions: (a) Chapter 3.40 Impact Fees, subject to the provisions of Section 3.9(b) of the Development Agreement (b) Chapter 8.32 Wildlife Protection (c) Chapter 15.28 Sign Code (excluding Section 15.28.050(c) (sign installation permit)) (d) Chapter 15.30 Outdoor Lighting Standards (e) Impact fees enacted or adopted after the Effective DateAugust 1, 2014, the impacts of The Village (at Avon) being adequately mitigated by, among other matters, the payment of the impact fees set forth in Section 3.8 of the Development Agreement, subject to the provisions of Section 3.9(b) of the Development Agreement. (f) Pursuant to Section I.15 of this PUD Guide, any affordable housing, attainable housing and/or employee workforce housing provisions of the Municipal Code, subject to the provisions of Section 3.9(b) of the Development Agreement. EXHIBIT B TO ORDINANCE 26-02 Exhibit H Page 1 2985509.13 EXHIBIT H Section 7.16.070 of Development Code7.16.07 Subdivisions. The purpose of the subdivision review procedures is to ensure compliance with all the standards and requirements in this Development Code and encourage quality development consistent with the goals, policies and objectives in the Comprehensive Plan. (a) Applicability. The procedures of this Section and the standards in Chapter 7.32, Engineering Improvement Standards, shall apply to all subdivisions or re-subdivisions that result in the portioning, dividing, combining or altering of any lot, parcel or tract of land, including land used for condominiums, apartments or any other multiple dwelling units or creation of an estate in airspace, except any subdivisions that are specifically excluded by state law. If a tract of land that has been created or subdivided in the past is later described as a single tract in deeds or plat by the legal or equitable owners, any later subdivisions of that tract, even if along the lines of the earlier subdivision, shall be subject to the requirements of these regulations. If any tract of land or airspace has been subdivided as one (1) type of subdivision and thereafter is subdivided so as to create a different type of subdivision (for example, conversion of a condominium subdivision to a timesharing subdivision), the conversion shall be subject to the requirements of this Development Code. Unless the method of disposition is adopted for the purpose of evading the requirements of the Development Code, this procedure shall not apply to any division of land that: (1) Is created by a lien, mortgage, deed of trust or any other security instrument; (2) Is created by any interest in an investment entity; (3) Creates cemetery lots; (4) Creates an interest or interests in oil, gas, minerals or water that are severed from the surface ownership of real property; (5) Is created by the acquisition of an interest in land in the name of a husband and wife or other persons in joint tenancy or as tenants in common of such interest. For the purpose of this Paragraph, any interest in common owned in joint tenancy shall be considered a single interest; (6) Creates a leasehold interest with a term of less than twenty (20) years and involves no change in use or degree of use of the leasehold estate; (b) Subdivision Categories. Categories of subdivisions are established and defined as follows for the purpose of determining the appropriate subdivision review procedure: (1) Major Subdivision. Major subdivisions include all subdivisions which would create four (4) or more separate parcels of land or which would require or which propose public improvements. (2) Minor Subdivision. Minor subdivisions include all subdivisions which would create less than four (4) separate parcels of land, subdivisions which do not require EXHIBIT B TO ORDINANCE 26-02 Exhibit H Page 2 2985509.13 or propose public improvements, subdivisions which consolidate two (2) or more lots into a single lot in a previously recorded subdivision plat and subdivisions which move any lot lines by more than two (2) feet; but shall not include subdivisions which are administrative subdivisions. Condominiums and timeshare subdivisions more than four (4) units which do not propose public improvements shall be processed as minor subdivisions. (3) Administrative Subdivisions. Administrative subdivisions are subdivisions which include dividing a parcel of land for a duplex, subdivisions for the purpose of correcting survey errors, condominium and timeshare subdivisions up to four (4) units and subdivisions which adjust lot lines by two (2) feet or less and which do not change the number of lots. The Director shall have the authority to determine that an administrative subdivision application shall be processed as a minor subdivision where the character of the subdivision application or multiple applications presents issues which warrant review and approval by the Town Council. All administrative subdivisions are exempt from notice requirements outlined in Subsection 7.16.020(d). (c) Review Procedures. Applications for a subdivision shall follow the general review procedures set forth in Section 7.16.020, General Procedures and Requirements. Applications for subdivision must be initiated by the owner of the real property. The Director may combine preliminary plan and final plat review where the subdivision application can be reviewed efficiently and effectively with a combined process. Where subdivision approval will be required to implement development in a proposed PUD, the applicant shall file a single preliminary plan incorporating the application requirements of both the PUD and subdivision preliminary plans. The provisions and procedures for public notice, hearing and review for a PUD as prescribed in the Development Code shall apply to the application. (d) Review Authority. The review authority for a subdivision application shall be determined by the subdivision category. (1) Major Subdivision. Major subdivisions shall be required to obtain approval for a preliminary plan and for a final plat. The PZC shall review a preliminary plan for a major subdivision application and shall provide a recommendation to the Town Council after conducting a public hearing. The Town Council shall render the final decision on a preliminary plan for a major subdivision application after conducting a public hearing. The Town Council shall review the final plat for major subdivision applications and render a final decision after conducting a public hearing. The preliminary plan and final plat for major subdivisions shall be approved by resolution or ordinance of the Town Council. (2) Minor Subdivision. Minor subdivisions shall require final plat review and approval only where no public improvements are proposed; however, the review criteria for a preliminary plan shall apply to review of minor subdivision final plats in addition to the review criteria for a final plat. The Town Council shall render the final decision on a minor subdivision application after conducting a public hearing. Minor subdivisions shall be approved by resolution or ordinance of the Town Council. (3) Administrative Subdivisions. Administrative subdivisions shall require final plat review and approval only; however, the review criteria for a preliminary plan EXHIBIT B TO ORDINANCE 26-02 Exhibit H Page 3 2985509.13 shall apply to review of administrative subdivisions in addition to the review criteria for a final plat. The Director shall review and render decisions on administrative subdivisions. A decision of the Director may be appealed to the Town Council pursuant to Section 7.16.160, Appeal. (e) Preliminary Plan Review Criteria. The reviewing authority will use the following review criteria as the basis for recommendations and decisions on applications for preliminary plan subdivision applications: (1) The proposed subdivision shall comply with all applicable use, density, development and design standards set forth in this Development Code that have not otherwise been modified or waived pursuant to this Chapter and that would affect or influence the layout of lots, blocks and streets. Applicants shall not create lots or patterns of lots in the subdivision that will make compliance with such development and design standards difficult or infeasible; (2) The subdivision application shall comply with the purposes of the Development Code; (3) The subdivision application shall be consistent with the Avon Comprehensive Plan and other community planning documents; (4) The land shall be physically suitable for the proposed development or subdivision; (5) The proposed subdivision shall be compatible with surrounding land uses; (6) There are adequate public facilities for potable water supply, sewage disposal, solid waste disposal, electrical supply, fire protection and roads and will be conveniently located in relation to schools, police, fire protection and emergency medical services; (7) The proposed utility and road extensions are consistent with the utility’s service plan and are consistent with the Avon Comprehensive Plan and Comprehensive Transportation Master Plan; (8) The utility lines are sized to serve the ultimate population of the service area to avoid future land disruption to upgrade under-sized lines; (9) The subdivision is compatible with the character of existing land uses in the area and shall not adversely affect the future development of the surrounding areas; (10) A proposed subdivision for an existing PUD shall be consistent with the relevant PUD Master Plan as reflected in the approval of that PUD; (11) Appropriate utilities, including water, sewer, electric, gas and telephone utilities, shall provide a “conditional capacity to serve” letter for the proposed subdivision; EXHIBIT B TO ORDINANCE 26-02 Exhibit H Page 4 2985509.13 (12) That the general layout of lots, roads, driveways, utilities, drainage facilities and other services within the proposed subdivision shall be designed in a way that minimizes the amount of land disturbance, minimize inefficiencies in the development of services, maximizes the amount of open space in the development, preserves existing trees/vegetation and riparian areas, protects critical wildlife habitat and otherwise accomplishes the purposes of this Development Code. (13) Evidence that provision has been made for a public sewage disposal system or, if other methods of sewage disposal are proposed, adequate evidence that such system shall comply with state and local laws and regulations; (14) Evidence that all areas of the proposed subdivision that may involve soil or topographical conditions presenting hazards or requiring special precautions have been identified by the applicant and that the proposed use of these areas are compatible with such conditions or that adequate mitigation is proposed; (15) The subdivision application addresses the responsibility for maintaining all roads, open spaces and other public and common facilities in the subdivision and that the Town can afford any proposed responsibilities to be assumed by the Town; (16) If applicable, the declarations and owners’ association are established in accordance with the law and are structured to provide adequate assurance that any site design standards required by this Development Code or conditions of approval for the proposed subdivision will be maintained or performed in a manner which is enforceable by the Town; and (17) As applicable, the proposed phasing for development of the subdivision is rational in terms of available infrastructure capacity and financing. (f) Final Plat Review Criteria. After approval of a preliminary plan, the applicant may submit an application for a final plat. The following criteria shall apply to review of a final plat subdivision application: (1) The Town Engineer shall compare the legal description of the subject property with the County records to determine that: (i) The property described contains all contiguous single ownership and does not create a new or remaining unrecognized parcel of less than thirty-five (35) acres in size; (ii) The lots and parcels have descriptions that both close and contain the area indicated; and (iii) The plat is correct in accordance with surveying and platting standards of the State. EXHIBIT B TO ORDINANCE 26-02 Exhibit H Page 5 2985509.13 (2) The final plat conforms to the approved preliminary plan and incorporates all recommended changes, modifications and conditions attached to the approval of the preliminary plan; (3) The final plat conforms to all preliminary plan criteria; (4) The development will substantially comply with all sections of the Development Code; (5) The final plat complies with all applicable technical standards adopted by the Town; and (6) Appropriate utilities shall provide an ability to serve letters, including but not limited to water, sewer, electric, gas and telecommunication facilities. (g) Public Improvements Guarantee. Guarantees for public improvements shall comply with Subsection 7.32.100(c). (h) Revocation. An approval of a final plat is revoked pursuant to this Section. (1) Recording. The applicant shall cause the final plat and restrictive covenants, if any, to be recorded within ninety (90) days from the date of approval and acceptance of the Council. In the event that the plat is not recorded, the approval of the Council shall be deemed to be void and such plat shall not thereafter be recorded, unless and until the Mayor executes a written authorization for recording the final plat. (2) Vacation. The final plat approval shall include a determination of a reasonable time by which the project should be completed. All plats given final approval shall contain a notation indicating the date by which a project is expected to be completed, that shall be prima facie evidence of a reasonable time by which the project should have been completed. A plat or any portion thereof that has been finally approved by the Council and has been recorded shall be subject to vacation proceedings if the project that is the subject of the subdivision is not completed within the time set by Council. (3) Extension. Extensions of the time limit for project completion may be obtained from the Council for good cause shown, upon request by the applicant or owner of the tract, if made before the vacation proceedings are instituted. (Ord. 10-14 §3) EXHIBIT B TO ORDINANCE 26-02 H- Exhibit I Page 1 1650530.6 2985509.13 EXHIBIT I EXHIBIT H DefinitionsThe definitions of words and phrases set forth in this Exhibit HI expressly supersede any additional or conflicting definitions of the same words or phrases or same general intent as set forth in the Municipal Code and constitute the sole and exclusive definitions for the purpose of this PUD Guide and the interpretation, application and enforcement of this PUD Guide and related components of the Development Plan. When not inconsistent with the text, words used in the present tense include the future, words used in the singular number include the plural, words in the plural include the singular, and the masculine includes the feminine. The words “will” or “shall” are mandatory, and the word “may” is permissive. Accessory Building, Structure or Use means a subordinate Building, Structure or Use located on the same Lot (or on a contiguous Lot in the same ownership) on which the main Building, Structure or Use is situated, which is customarily incidental to that of the main Building or to the main Use of the Site, and which is reasonably necessary and incidental to the conduct of the Use of such Building, Structure or main Use. Administrative Subdivision Areas has the meaning set forth in Section G.1(a) of this PUD Guide. Accommodation Unit(s) means any room or group of rooms used primarily for transient lodging and accessible from common corridors, walks, or balconies without passing through another Accommodation Unit. Short Term Rentals are not Accommodations Units. Affordable Housing Plan means the sole and exclusive affordable housing requirements for The Village (at Avon) PUD, as set forth in Section 0 of this PUD Guide, which expressly supersede any additional or conflicting provisions of the Municipal Code. Administrative Subdivision Areas has the meaning set forth in Section G.1(a) of this PUD Guide. Affiliated Landowners means, collectively, together with their respective successors and assigns and together with any other entity with respect to which Traer Creek LLC is the managing member and which acquires title to any portion of the Property after the Effective Date, Tra er Creek Holdings No. 1 LLC, Traer Creek Holdings No. 2 LLC, TC-MAV LLC, Traer Creek-RP LLC, EMD Limited Liability Company, Traer Creek Plaza LLC, Traer Creek-HD LLC and Traer Creek-WMT LLC. Agricultural Use means those agricultural activities commonly pursued in Eagle County including but not limited to the planting, cultivation and harvesting of crops, trees, grasses and similar crops used for production of hay and other animal feedstock, and the grazing of livestock; provided, however, that Animal Boarding, cultivation in connection with operation of a Medical Marijuana Business and large contained animal feeding operations (feed lots) and/or slaughter houses shall not be construed as an Agricultural Use. Amended and Restated PUD Guide means the version of this PUD Guide approved by the Town on November 7, 2012, as amended by administrative amendment dated January 9, 2014, and recorded in the real property records of Eagle County, Colorado, on August 1, 2014 at Reception No. 201412778. EXHIBIT B TO ORDINANCE 26-02 H- Exhibit I Page 2 1650530.6 2985509.13 Animal Boarding means the operation of an establishment, excluding the operation of Kennels, in which domesticated animals other than household pets are housed, groomed, bred, boarded, trained or sold. Animal Boarding shall not be construed to be an Agricultural Use eligible for being designated an approved Interim Use. Applicant means the Landowner of the real property comprising the Site for which an Application is submitted, or an individual or entity whom the Landowner has designated in writing as its authorized representative for the purpose of representing the Landowner and/or acting upon any application or submittal for development of the pertinent Site (which may be a contract purchaser or owner of an option to purchase fee simple ownership of the Site or portion thereof with the fee owner’s written consent to any such application or submittal, or which may be an owners’ association for a Condominium project or like common interest ownership project). Notwithstanding any additional or conflicting provision of the Municipal Code, the definition of “Applicant” shall not be construed to mean any person or entity owning, holding or possessing an easement interest, a leasehold interest, a license, a security interest or any other form of interest in the Site, whether possessory or otherwise, other than fee simple ownership of the Site as reflected in the official records of the Eagle County Tax Assessors office. Application means any form of application or submittal to the Town for review and approval of any form of development within The Village (at Avon), including but not limited to an application or submittal regarding an amendment to this PUD Guide, a Preliminary Plan, a Final Plat, a grading permit, a building permit or similar matters. Appurtenances means the visible, functional, or ornamental objects accessory to and part of a building. Arcade means a series of arches or similar architectural features supported on piers or columns. Architectural Projection means a building element (i.e., Appurtenance, Arcade, Awning, Balcony, tower, steeple, portico, chimney, cupola and similar non-habitable features) which physically projects beyond the plane of a required limitation (i.e., height, setback, etc.). Area Median Income means the estimates of median household income for Eagle County compiled and released annually by the United States Department of Housing and Urban Development. Automobile Repair Shop (Major or Minor) means an establishment that does not sell fuel, gasoline or petroleum products which is primarily engaged in the service, repair or maintenance (including but not limited to paint, body and fender, major and minor engine and engine part overhaul, muffler, upholstery work, tire repair and change, lubrication, tune ups and transmission work, vehicle washing, detailing polishing similar services) of: (i) with respect to Major Uses, commercial and heavy truck oriented motor vehicles, trailers and similar large mechanical equipment; and (ii) with respect to Minor Uses, passenger and light truck oriented motor vehicles, trailer and similar mechanical equipment. EXHIBIT B TO ORDINANCE 26-02 H- Exhibit I Page 3 1650530.6 2985509.13 Awning means a roof-like cover (whether canvas, metal, masonry or other material) that extends in front of or over a doorway, window, deck, Balcony or entryway to provide protection from the sun, rain or snow. Balcony means that portion of a Structure that is essentially open and outward from the main Building with a floor and a railing, with or without a ceiling or other form of cover, and higher than four (4) feet above ground level. Bed and Breakfast means an establishment operated in a private residence or portion thereof that provides temporary accommodations to overnight guests for a fee and which is occupied by the operator of such establishment. Block means a unit of land designated as a “block” on a recorded Final Plat and which contains within its boundaries a group of individually platted Lots as designated on such recorded Final Plat. Building means any permanent Structure constructed for the shelter or enclosure of persons, animals, chattels or property of any kind, which is permanently affixed to the land and has one (1) or more floors and a roof. Building Envelope means the physical boundaries within which Buildings, Structures or other above-ground improvements may be constructed on a particular Site, being a three (3) dimensional volume circumscribed by: (i) the applicable Building Setback requirements; (ii) the applicable Building Height requirements; (iii) the applicable Site Coverage requirements; and (iv) the applicable Lot Area requirements. (v) building envelopes as depicted on approved Final Plats for Lots in Planning Area K as contemplated by Section D.8(d) of this PUD Guide. Notwithstanding the foregoing, the following improvements are permitted outside of the Building Envelope: Sidewalks, Drive Aisles, Driveways, landscape features, Infrastructure and Dry Utilities. Building Height means the distance measured vertically from the reference elevation (defined below) to the top of a flat roof or mansard roof or to the highest ridgeline of a sloping roof (also referred to as the parallel slope method and depicted by diagram in Section 7.08.010 of the Development Code, as in effect on the Effective DateAugust 1, 2014), but excluding from the calculation of Building Height any non-habitable Architectural Projections. The “reference elevation” shall be: EXHIBIT B TO ORDINANCE 26-02 H- Exhibit I Page 4 1650530.6 2985509.13 (i) within Planning Areas E, I, K, RMF-1 and-1, RMF-2-2, and CH-1, the Natural Grade (ii) within the portions of Planning Areas A, and D and E located less than 250 feet from the southerly boundary of such Planning Areas, the existing grade as exists on the date of execution of the Settlement Term Sheet the Property, the Engineered Grade (iii) within the portions of Planning Areas A, and D and E located 250 feet or more from the southerly boundary of such Planning Areasthe Property, and within all other Planning Areas, the Finished Grade Building Setback means the distance from a specified Site boundary line, a creek or a stream measured horizontally to a line or location within the Site which establishes the permitted location of Uses, Structures, or Buildings on the Site. The location within a Site of Sidewalks, Drive Aisles, Driveways, landscaping features and fences required pursuant to applicable Town or other governmental ordinances, regulations and requirements (i.e., fence enclosures for swimming pools) are not restricted by the Building Setback requirements. Bus Stop means a facility for the loading and discharging of passengers by publicly or privately operated buses. Cabled Telecommunication Equipment means any equipment used to provide Cabled Telecommunication Service, but which is not affixed to or contained within a Cabled Telecommunication Facility, but is instead affixed to or mounted on an existing Building or Structure the Primary Use of which is not for the provision of Cabled Telecommunications Services. Cabled Telecommunication Equipment also includes a ground mounted base station used as an Accessory Structure that is connected to an antenna or dish mounted on or affixed to an existing Building. Cabled Telecommunication Facility means any freestanding facility, Building, pole, tower or other Structure used to provide only Cabled Telecommunication Services, and which consists of, without limitation, antennae, equipment, storage and other Accessory Structures used to provide Cabled Telecommunications Services. Cabled Telecommunication Service means services providing for the transmission through Dry Utilities facilities of analog or digital communications of any form and any similar services transmitted by or through fiber optic or other forms of below or above ground cabling, including but not limited to cable television, high speed data, telephony, and satellite television systems providing services to a Multi-family Dwelling, a collection of Single-family Dwellings, or a collection of Buildings within a Mixed Use Project. Child Care Center means a facility, however named or denominated (for example, day -care centers, day nurseries, nursery schools, preschools, play groups, day camps, summer camps, centers for developmentally disabled, dependent and/or neglected children, but specifically excluding Family-care Homes), which is maintained, for the whole or part of a day, for the care of: EXHIBIT B TO ORDINANCE 26-02 H- Exhibit I Page 5 1650530.6 2985509.13 (i) five (5) or more children under the age of sixteen (16) years who are not related to the owner, operator or manager of such facility, whether operated with or without compensation for such and with or without stated education purposes; or (ii) children under the age of six (6) years with stated education purposes which are operated in conjunction with a public, private or parochial educational facility, except for a kindergarten maintained in connection with a public, private or parochial elementary school system of at least six (6) grades so long as the school system is not also providing extended day care services. Commercial Parking means a surface parking lot or Parking Structure that does not provide accessory parking to a specific Building or Use, is available for parking by the general public for a fee, may include reserved parking spaces, and which is owned by a private, non-governmental entity. Commercial Space means, as more particularly described and qualified in Section B.10 of this PUD Guide, the square footage of a Building developed for Commercial Uses. Commercial Use(s) means the following Uses: (i) (a) Accommodations Units; (ii) (b) Animal Boarding; (iii) (c) assisted living facility; (iv) (d) Automobile Repair Shop (Major or Minor); (v) (e) bakeries; (vi) (f) bar and tavern; (vii) (g) barber and beauty shops; (viii) (h) Bed and Breakfast; (ix) (i) beverage stores, coffee shops; (x) (j) Bus Stop; (xi) (k) business and professional offices; (xii) (l) Cabled Telecommunications Equipment; (xiii) (m) Cabled Telecommunications Facilities; (xiv) (n) Cabled Telecommunications Services; EXHIBIT B TO ORDINANCE 26-02 H- Exhibit I Page 6 1650530.6 2985509.13 (xv) (o) car wash (as the Principal Use); (xvi) (p) Child Care Center; (xvii) (q) cinema; (xviii) (r) clinic, intermediate medical care facility, urgent care facility, rehabilitation centers and x-ray/MRI centers (i.e., out-patient services only); (xix) (s) clothing stores; (xx) (t) Community Facilities; (xxi) (u) commercial offices; (xxii) (v) Commercial Parking; (xxiii) (w) Convenience Retail; (xxiv) (x) department stores; (xxv) (y) Drive-in Uses; (xxvi) (z) employment agency; (xxvii) (aa) Extended Stay Hotel; (xxviii)(bb) Family Child Care Home; (xxix) (cc) Grocery Store; (xxx) (dd) Financial institutions; (xxxi) (ee) fitness centers and health clubs; (xxxii) (ff) furniture stores; (xxxiii)(gg) hardware stores; (xxxiv) (hh) Hotel, Motel and Lodge; (xxxv) (ii) Home Occupations, Minor and Major; (xxxvi) (jj) Hospitals; (xxxvii) (kk) independent living facility; (xxxviii) (ll) indoor entertainment facility; EXHIBIT B TO ORDINANCE 26-02 H- Exhibit I Page 7 1650530.6 2985509.13 (xxxix) (mm) indoor storage; (xl) (nn) Kennels; (xli) (oo) laboratory; (xlii) (pp) landscaping and snow removal services; (xliii) (qq) laundromat/dry cleaning; (xliv) (rr) long-term care facilities and other medical facilities including, but not limited to, group and congregate care facilities, nursing homes and independent living facilities; (xlv) (ss) Medical Marijuana Businesses; (xlvi) (tt) medical and dental offices; (xlvii) (uu) meeting facility; (xlviii) (vv) newspaper and commercial printing shops; (xlix) (ww) Nude Entertainment Establishments; (l) (xx) nursery or garden supply; (li) (yy) Outdoor Storage; (lii) (zz) pet shop (for the sale of pets, pet supplies and/or for domesticated animal grooming); (liii) (aaa) professional offices; (liv) (bbb) real estate sales offices; (lv) (ccc) photocopy and blueprint businesses; (lvi) (ddd) Public Facilities; (lvii) (eee) Private Parking; (lviii) (fff) Public Parking; (lix) (ggg) Recycling Facility; (lx) (hhh) Recycling Processing Facility; (lxi) (iii) Religious Facility; EXHIBIT B TO ORDINANCE 26-02 H- Exhibit I Page 8 1650530.6 2985509.13 (lxii) (jjj) repair shops, small electronics repair; (lxiii) (kkk) Restaurants; (lxiv) (lll) Retail sales, specialty and gift shops; ski tuning; bike assembly (lxv) (mmm) service and social clubs; (lxvi) (nnn) Service Stations; (lxvii) (ooo) Studios (music, dancing, photography, movie, art and broadcasting) (lxviii) (ppp) tailor, seamstress, clothing alterations (lxix) (qqq) tattoo parlor, body piercing (lxx) (rrr) Temporally Divided Dwelling (lxxi) (sss) theaters; (lxxii) (ttt) trade schools and colleges; (lxxiii) (uuu) Transit Shelter; (lxxiv) (vvv) Wireless Telecommunications Equipment; (lxxv) (www) Wireless Telecommunications Facilities; (lxxvi) (xxx) Wireless Telecommunications Services; (lxxvii)(yyy) Vacation Clubs; (lxxviii) (zzz) Uses which the Director determines to be similar. Community Development means the Town of Avon Department of Community Development. Community Facility means a publicly or privately owned facility, Building or Structure which is primarily intended to serve the recreational, educational, cultural administrative or entertainment needs of the community as a whole and is operated on a non-commercial, not for profit, non-profit or similar basis. Community Housing Plan means the sole and exclusive community housing requirements for The Village (at Avon) PUD, as set forth in Section I.15 of this PUD Guide, which expressly supersede any additional or conflicting provisions of the Municipal Code. Community Housing Policies means the Avon Community Housing Policies 2025 adopted by the Town Council on April 8, 2025 via Resolution No. 25-01 in effect as of the Effective Date and as may be amended from time to time, so long as not in conflict with the Community Housing Plan. EXHIBIT B TO ORDINANCE 26-02 H- Exhibit I Page 9 1650530.6 2985509.13 Community Housing Unit means, whether for-rent or for-sale, a Dwelling Unit that is restricted pursuant to the Community Housing Plan, or as otherwise agreed to by the Town and Master Landowner, to use as a primary residence by qualified persons. Comprehensive Plan means the Comprehensive Plan, Town of Avon, Colorado, effective as of date the Town approved the Original PUDEffective Date. Condominium means any group of Condominium Units developed as a unitary project within a Site on which one or more Buildings are located. Condominium Unit means an individual air space unit (as defined in C.R.S. § 38-33- 10338-33-103(4)) together with the interest in the common elements (as defined in C.R.S. § 38- 33-10338-33-103(3)) of the Condominium appurtenant to such unit. For purposes of Dwelling Unit calculation, only Condominium Units which are designated for Residential Use shall be counted as Dwelling Units. Convenience Retail means a retail store containing less than five thousand (5,000) square feet of gross floor area which sells everyday good and services, which may include, without limitation, ready-to-eatready-to-eat food products, groceries, over-the-counterover-the-counter drugs and sundries. Design Covenant means the Declaration of Master Design Review Covenants For The Village (at Avon) dated May 8, 2002 and recorded on May 8, 2002 at Reception No. 795011, as amended by the First Amendment to Declaration of Master Design Review Covenants For The Village (at Avon) dated June 4, 2008 and recorded on June 10, 2008 at Reception No. 200812112 and by the Second Amendment and Ratified First Amendment to Declaration of Master Design Review Covenants For The Village (at Avon) dated September 16, 2010 and recorded on September 16, 2010 at Reception No. 201018341, and as may be further amended from time to time. Design Review Guidelines means The Village (at Avon) Design Review Guidelines dated March 15November 16, 20112022, as may be further amended and/or supplemented from time to time, and as prepared, approved and promulgated by the Design Review Board and which establish the sole and exclusive architectural design, landscape design, urban design and site design standards applicable within The Village (at Avon). Design Review Board means The Village (at Avon) Design Review Board as appointed or elected in accordance with the Design Covenant. Developer Affiliates means, collectively, together with their respective successors and assigns and together with any other entity with respect to which Traer Creek LLC is the managing member and which acquires title to any portion of the Property after the Effective Date, Traer Creek-RP LLC, EMD Limited Liability Company, Traer Creek Plaza LLC, Traer Creek-HD LLC and Traer Creek-WMT LLC. Development Agreement means the Consolidated, Amended and Restated Annexation and Development Agreement for The Village (at Avon) concerning the Property dated as of EXHIBIT B TO ORDINANCE 26-02 H- Exhibit I Page 10 1650530.6 2985509.13 October 22, 2013Recorded on August 1, 2014 at Reception No. 201412777, as amended from time to time. Development Bonus has the meaning given it in Section D.1(f) of this PUD Guide. Development Code means Title 7 of the Municipal Code, as amended from time to time, unless otherwise stated. Development Plan means, as referenced in Section A.4(b) of this PUD Guide, collectively, (i) this PUD Guide (together with each Exhibit hereto), as may be amended from time to time; and (ii) the Development Agreement, as may be amended from time to time. Development Standards means the planning requirements and regulations governing the development of the Property as set forth in Section D, Development Standards within The Village (at Avon) PUD, and Section I, Supplemental Regulations, of this PUD Guide. Director means the Director of Community Development. Drive Aisle means the lane(s) within a parking lot or facility devoted to the passage of vehicles, as opposed to the parking stalls, and does not include lanes used only or primarily for drive-in customer service. Drive-in Use means an establishment which by design, physical facilities, service or packaging procedures encourages or permits customers to receive services, obtain goods or be entertained while remaining in their motor vehicles. Driveway means a constructed vehicular access serving one (1) or more properties and connecting directly to a public or private road. Dry Utilities means, excluding Infrastructure, conduit and sleeving for, and the installations contained therein, telephone, cable, fiberoptic and similar “dry” utilities intended to be privately owned, maintained and/or operated. Duplex Dwelling means a single architecturally integrated Structure that contains two separate and independent residences intended to be occupied by two (2) families (or groups of people) living independently of one another, but does not encompass Primary/Secondary Structures. For purposes of the Dwelling Unit calculation, each residence within a Duplex Structure counts as a separate Dwelling Unit, thereby counting as two Dwelling Units per Duplex Structure. If the Site on which a Duplex Structure is constructed is subsequently subdivided into two separate Lots, each of the Lots and Dwelling Units can be owned separately as fee simple estates and ownership can then be conveyed or transferred independently. Dwelling means a Building or portion thereof the occupancy of which is exclusively for Residential Use as a Single-family Dwelling, Duplex Dwelling, Multi-family Dwelling (including Condominium Units designated for Residential Use), Primary/Secondary Dwelling or Major or Minor Home Occupation. EXHIBIT B TO ORDINANCE 26-02 H- Exhibit I Page 11 1650530.6 2985509.13 Dwelling Unit(s) means one or more rooms which is designed, occupied or intended for occupancy as separate living quarters for the exclusive use of a single family (or group of people) or individual independently from any other family or group of people and having not more than one (1) primary indoor kitchen (provided that secondary “kitchenettes” such as butler kitchens, catering kitchens, bar kitchens and the like shall not be deemed to be primary kitchens) and at least one (1) bathroom. Effective Date means August 1[________], 20142026, which is the effective date of the Amended and Restatedthis PUD Guide, and is intentionally distinguished from Original Effective Date. Engineered Grade means the elevation of the ground surface as shown in: (i) for Planning Area A, the Town-approved plan titled “Traer Creek Master Plan - PA-A” resubmitted to the Town and dated June 25, 2025, prepared by Martin/Martin Consulting Engineers; and (ii) for Planning Area D, the Town-approved plan titled “Traer Creek Planning Areas A-F Master Plan” resubmitted to the Town and dated January 18, 2022, prepared by Martin/Martin Consulting Engineers. Extended Stay Hotel means a Hotel/Motel/Lodge with Accommodation Units that have complete kitchen and bathroom facilities intended and utilized primarily for transient or semi -transient occupancy. Family Child Care Home means a facility for Child Care in a place of residence of a family or person for the purpose of providing less than twenty-fourtwenty-four (24) hour care for children under the age of eighteen (18) years who are not related to the head of such home, and may include any such other types of family Child Care homes as may be designated by rules of the State Department of Social Services pursuant to C.R.S. § 26-6-10626-6-106(2)(p). Final Plat means a final subdivision plat for the Property, or any portion thereof, including any replats thereof or amendments thereto, approved by the Town pursuant to Section G of this PUD Guide and/or Section 7.16.070 of the Development Code, as applicable. Finished Grade means the final elevation of the ground surface after development. Grocery Store means a retail establishment which primarily sells food for home consumption, beverages and other convenience and household goods. Gross Square Footage means the total floor area designed for occupancy and use, including basements, mezzanines, stairways and upper floors, if any, expressed in square feet and measured from the interior surface of joint partitions and exterior surface of outside walls. Group Home means a Structure within which a state licensed facility for the care and/or housing of developmentally disabled persons, mentally ill persons, sex offenders, parolees or similar distinct groups of individuals is undertaken. Home Occupation, Major means an occupation or business activity which results in a product or service and is conducted in whole or in part in a Dwelling Unit and does not qualify as a Minor Home Occupations because it: produces noise audible outside the Dwelling Unit; causes o r requires customers, delivery persons, employees or any person to enter the property on or within EXHIBIT B TO ORDINANCE 26-02 H- Exhibit I Page 12 1650530.6 2985509.13 which the Dwelling Unit is located; requires alteration to the Dwelling Unit to satisfy applicable fire, building or health codes or regulations; requires or allows any signs to be visible from the outside of the property on or within which the Dwelling Unit is located; and/or changes the appearance or residential character of the Structure. A Major Home Occupation Use shall be considered a Commercial Use. Home Occupation, Minor means any occupation, profession or other activity (including any activity associated with a non-profit group) that takes place entirely within a Dwelling Unit and which does not: produce noise audible outside the Dwelling Unit; cause or require customers, delivery persons, employees or any person to enter the property on or within which the Dwelling Unit is located; require alteration to the Dwelling Unit to satisfy applicable fire, building or health codes or regulations; require or allow any signs to be visible from the outside of the property on or within which the Dwelling Unit is located; or change the appearance or residential character of the Structure. A Minor Home Occupation shall be considered a Residential Use. Hospital means an institution providing health services primarily for human inpatient medical or surgical care for the sick or injured and including related facilities such as laboratories, out-patient departments, cafeteria and food preparation areas, training and central services facilities and staff offices. Hospitals expressly exclude Uses not incorporated into an institution providing health services primarily for human inpatient medical or surgical care, including without limitation, the following: long-term care facilities, group and congregate care facilities, nursing homes, assisted and independent living facilities, clinics, laboratory, medical and dental offices, urgent care, rehabilitation centers and x-ray/MRI centers. Hotel, Motel and Lodge means a Building, including an Extended Stay Hotel but excluding a Bed and Breakfast, containing three (3) or more Accommodation Units and which may include Accessory Use facilities such as offices, laundry facilities, recreation facilities, lobbies, lounges, kitchen and dining facilities, meeting rooms, retail and other similar accessory uses commonly associated with hotels, motels and lodges. Industrial Use(s), Heavy or Light means: (i) with respect to Heavy Industrial Uses, those uses engaged in the basic processing and manufacturing of material or products predominately from extracted or raw materials, or a use engage in storage of, or manufacturing processes using flammable or explosive materials, or storage or manufacturing process that potentially involve hazardous conditions. Heavy Industrial Uses shall also mean those uses engaged in the operation, parking and maintenance of vehicles (but specifically excluding Automobile Repair Shops), cleaning of equipment or work processes involving solid waste or sanitary waste transfer stations, recycling establishments, and transport terminals (truck terminal, public works yard, container storage). (ii) with respect to Light Industrial Uses, those uses engaged in the manufacturing, predominantly from previously prepared materials, of finished products or parts, including processing, fabrication, assembly, treatment, packaging, incidental EXHIBIT B TO ORDINANCE 26-02 H- Exhibit I Page 13 1650530.6 2985509.13 storage, sales or distribution of such products. Further Light Industrial Uses shall mean uses such as the manufacture of electronic instruments, preparation of food products, pharmaceutical manufacturing, research and scientific laboratories or the like. Light Industrial Uses shall not include uses such as mining and extracting industries, petro-chemicalpetro-chemical industries, rubber refining, primary metal, or related industries. Infrastructure means, excluding Dry Utilities, those man-made structures which serve the common needs of the population and are generally intended to be dedicated to, owned by and maintained by the Town, another governmental or quasi-governmental entity and/or a public utility provider, including but not limited to potable water systems; wastewater disposal systems; solid waste disposal sites or retention areas; storm drainage systems; electric, gas or other utilities; bridges; roadways; bicycle paths or trails; pedestrian sidewalks, paths or trails; and transit stops. Interim Use means a Use that is permitted on a case-by-case basis within a particular Planning Area or on a specific Site during the period prior to or during development of a Site upon an Applicant’s receipt of written approval from the Design Review Board (as appli cable) in accordance with Section I.1 of this PUD Guide; provided, however, that Agricultural Uses as an Interim Use shall be construed to be a Use by Right within all Planning Areas without the requirement of written approval from the Design Review Board. Kennel means a facility licensed to house dogs, cats or other household pets and/or where grooming, breeding, boarding, training or selling of animals is conducted as a business. Landowner means the owner(s) of fee simple title to a Block, Lot, Tract or other parcel of real property as reflected in the official records of the Eagle County Tax Assessor. Notwithstanding any additional or conflicting provision of the Municipal Code, the definition of “Landowner” shall not be construed to mean any person or entity owning, holding or possessing an easement interest, a leasehold interest, a license, a security interest or any other form of interest, whether possessory or otherwise, other than fee simple ownership as reflected in the official records of the Eagle County Tax Assessors office. Landscaped Area means that portion of a Site with any combination of living plants, such as trees, shrubs, vines, groundcover, flowers, or lawns; natural features and nonliving groundcover such as rock, stone and bark; structural features, such as fountains, reflecting pools, art works, screen walls, fences and benches; and pedestrian hardscaping features such as sidewalks and plazas; but shall not include parking areas and drive lanes. Lodging Square Footage has the meaning set forth in Section B.8(i)(i) of this PUD Guide. Lot(s) means a parcel of real property as shown with a separate and distinct “lot” number or letter on a Final Plat. Lot Area means the gross area contained within the external boundary lines of a Lot, expressed in acres or in square feet. EXHIBIT B TO ORDINANCE 26-02 H- Exhibit I Page 14 1650530.6 2985509.13 Main Street means, as described and conceptually depicted in Exhibit F of this PUD Guide, the primary east-west roadway connecting Post Boulevard to Chapel Place. Manufactured Home means a Single-familySingle-family Dwelling which is: partially or entirely manufactured in a factory; at least twenty-fourtwenty-four (24) feet wide and thirty- sixthirty-six (36) feet long; permanently affixed to and installed on an engineered permanent foundation; covered by a pitched or cosmetically equivalent roof and brick or wood exterior siding; in compliance with HUD or UBC standards, as applicable, or meets or exceeds equivalent requirements and performance engineering standards. Master DeveloperLandowner means EMD Limited Liability Company, a Colorado limited liability company (with respect to Planning Area I only) and Traer Creek LLC, a Colorado limited liability company (in all other respects), which entities (or any successor entities) hold property for investment purposes and are designated and authorized to act on behalf of all Developer Affiliates. The Developer AffiliatesAffiliated Landowners. The Affiliated Landowners have designated the Master DeveloperLandowner to act on behalf of themselves and their respective successors in interest with respect to and for all purposes of this PUD Guide. The Developer AffiliatesAffiliated Landowners may designate a replacement Master DeveloperLandowner from time to time, or may terminate the role of the Master DeveloperLandowner, by delivery of written notice thereof to the Town and to Traer Creek Metropolitan District, its successors or assigns, which is signed by a majority of the Developer AffiliatesAffiliated Landowners owning any part of the Property as of the date of such notice. Any replacement Master DeveloperLandowner must be an entity that is a Developer Affiliatean Affiliated Landowner. The designation of a replacement Master DeveloperLandowner or termination of the role of Master Developer by the Developer AffiliatesLandowner by the Affiliated Landowners shall not require an amendment to this PUD Guide and shall not require the consent of the Town. Medical Marijuana Business means the Use of a Site, or portion thereof, for the cultivation, manufacture, production, distribution, acquisition or sale of marijuana, including for Medical marijuana Centers, manufacturing of Medical Marijuana-Infused Products, or Optional Premises as such terms are defined by C.R.S. § 12-43.3-10412-43.3-104, as may be amended, regardless of whether such Use is for profit or not for profit. Minimum Design Guideline Standards means the minimum design guideline standards for The Village (at) Avon set forth in Exhibit E of this PUD Guide. Mixed Use Project means the development of a Site, Building or Structure with two or more different Uses in accordance with the Development Standards and which is designed, planned and constructed as a unified project. Mixed Use Projects may be horizontally integrated or vertically integrated, or both. Mobile Home means a Single-familySingle-family Dwelling partially or entirely manufactured in a factory, built on a permanent chassis, which is designed to be transported on streets to the place where it is to be occupied as a Dwelling Unit, and is: at least twenty-fourtwenty-four (24) feet wide and thirty-sixthirty-six (36) feet long; permanently affixed to and installed on an engineered permanent perimeter foundation; covered by a pitched or cosmetically equivalent roof and brick EXHIBIT B TO ORDINANCE 26-02 H- Exhibit I Page 15 1650530.6 2985509.13 or wood exterior siding; in compliance with HUD or UBC standards, as applicable, or meets or exceeds equivalent requirements and performance engineering standards. Mixed Use Project means the development of a Site, Building or Structure with two or more different Uses in accordance with the Development Standards and which is designed, planned and constructed as a unified project. Mixed Use Projects may be horizontally integrated or vertically integrated, or both. Multi-family Dwelling means a Building containing three or more Dwelling Units, whether such Dwelling Units are for sale or for lease (including Condominium Units designated for Residential Use). Municipal Code means the Town’s Municipal Code, as amended from time to time, unless otherwise stated. Natural Grade means the elevation of the ground surface in its natural state, before man-made alterations. Nude Entertainment Establishments means establishments open for business to the public in which persons appear in a state of nudity for the purpose of entertaining the patrons of such establishments, as more particularly described in Chapter 8.26 of the Municipal Code, as in effect on the Effective Date. Off-street Parking Area means all off-street areas and spaces designed, used, required or intended to be used for the parking, storage or operation of motor vehicles, including Driveways or access ways in and to such areas, but not including any Outdoor Storage area used principally for storage of recreational vehicles, landscaping materials or other bulk items, or public streets and rights-of-way. Open Space means any land or water area with its surface open to the sky which serves specific Uses of providing park and recreation opportunities, conserving natural areas and environmental resources, structuring urban development form, and protecting areas of agricultural, archeological or historical significance, but shall not be construed to mean vacant or undeveloped land that is zoned for development. Original Effective Date means October 13, 1998, and is intentionally distinguished from Effective Date. Original PUD Guide. The means the version of this PUD Guide originally approved by the Town on October 13, 1998 and recorded in the real property records of Eagle County, Colorado, on November 25, 1998 at Reception No. 677744, as amended by the Prior Amendments.prior to the Effective Date pursuant to certain instruments filed of record, through and including: (i) The Village (at Avon) Second Amended and Restated PUD Guide, dated September 11, 2018, and recorded in the real property records of Eagle County, Colorado, on October 10, 2018, at Reception No. 201817341; and (ii) The Village (at Avon) PUD Master Plan Administrative Amendment No. 2, dated March 11, 2024, and recorded in the real property records of Eagle County, Colorado, on March 13, 2024, at Reception No. 202402669. EXHIBIT B TO ORDINANCE 26-02 H- Exhibit I Page 16 1650530.6 2985509.13 Outdoor Storage means the storage of any equipment, good, junk material, merchandise or vehicles in the same place for more than twenty-fourtwenty-four (24) hours in any area other than within a roofed Structure. Parking Regulations means, as set forth in Exhibit C to this PUD Guide, the sole and exclusive Development Standards regulating parking within The Village (at Avon) PUD, which expressly supersede any additional or conflicting provisions of the Municipal Code (including but not limited to the parking standards set forth in Chapter 7.28 of the Development Code, including without limitation, any additional or conflicting such provisions. Parking Structure(s) means an above ground or below ground Structure of one or more levels containing Drive Aisles and parking stalls, which may be a stand-alone Structure or be integrated into or within a Structure as an Accessory Use or Accessory Structure, and which may provide Commercial Parking, Public Parking or Private Parking. Planning and Zoning Commission means the Town’s Planning and Zoning Commission. Planning Area means an area indicated as a planning area on the PUD Master Plan, the Use and development of which shall be regulated by and be undertaken in accordance with the Development Plan. Planning Department means the Town’s Planning Department. Preliminary Engineering means the following submittals in connection with certain future street improvements within The Village at (Avon) as described in Section A.4(g) of the PUD Guide: utilities locations (excluding utility sizing), preliminary drainage report, preliminary grading plan and street cross sections, including transitions between any different cross sections. Preliminary Plan means a preliminary subdivision plat for the Property, or any portion thereof, approved by the Town pursuant to Section G of this PUD Guide and/or Section 7.16.070 of the Development Code, as applicable. Primary/Secondary Structure means a structure that consists of two Dwelling Units within a single fee simple estate: one primary unit (containing the Principal Use) and one secondary unit (i.e, a “mother-in-law suite,” carriage house or caretaker’s quarters). The primary unit must be a Single- familySingle-family Dwelling. Within all Planning Areas, the secondary unit can be no more than 25% of the floor area of the primary unit. The secondary structure may attached to or detached from the primary unit; provided that the two units cannot be subdivided or separately conveyed or transferred in ownership and the secondary unit may not be leased or subject to a leasehold interest separate from the primary unit. The Residential Use of the Secondary Structure shall be construed to be an Accessory Use to the Principal Use of the Primary Structure. For all purposes under this PUD Guide, the primary unit and secondary unit, whether attached or detached, shall be counted as two Dwelling Units. Principal Use means the primary or main Use of a Site or Structure as distinguished from a subordinate or Accessory Use. EXHIBIT B TO ORDINANCE 26-02 H- Exhibit I Page 17 1650530.6 2985509.13 Prior Amendments has the meaning set forth in Section 0 of this PUD Guide. Private Parking means a surface parking lot or Parking Structure that provides accessory parking to a specific Building or Use, is available for parking by the owners, tenants and/or customers of the Building or Use, may include reserved parking spaces, and which is owned by a private, non-governmental entity such as an owners association. Prohibited Use means a Use which is not permitted within a particular Planning Area, as distinguished from a Use by Right, a Special Review Use, a Temporary Use or an Interim Use. Property means the real property commonly known as The Village (at Avon) PUD, the boundaries of which are legally described in Exhibit A to this PUD Guide. Property Line means the boundary of any Lot, Block, Tract, Site or other parcel of land as the same is described in the pertinent Final Plat or instrument of conveyance to the Landowner, as applicable. Public Improvement(s) means any drainage ditch, storm water improvement, potable water line, sanitary sewer line, similar utility extension, roadway, parkway, sidewalk, pedestrian way, tree lawn, landscaped Open Space, Off-street Parking area, Lot improvement or similar facility or improvement which benefits the public, is required by the Town to be provided by or on behalf of the Applicant and assurance of completion to be provided as a condition of any development approval, and is documented in a Public Improvements Agreement. Public Improvements may include and generally will be comprised of Infrastructure and/or Dry Utilities, but may include types of improvements other than Infrastructure and Dry Utilities or exclude certain types of improvements that are Infrastructure or Dry Utilities. Public Improvements Agreement means an agreement to be entered into between the Town and the party responsible for constructing public infrastructure in connection with the applicable Application as contemplated by Section 7.32.100 of the Development Code. Public Improvement Company means, collectively, The Village (at Avon) Commercial Public Improvement Company and The Village (at Avon) Mixed-Use Public Improvement Company, which the Master DeveloperLandowner has created in accordance with and for the purposes stated in the Development Agreement. Public Facility(ies) means constructed facilities that are owned by the Town, a District or another governmental or quasi-governmental entity, including but not limited to: transportation systems or facilities; water systems or facilities; wastewater systems or facilities; st orm drainage systems or facilities; fire, police and emergency services systems or facilities; electric, gas, telecommunications utilities or facilities; and other publicly owned buildings or facilities. Public Parking means a surface parking lot or Parking Structure that is available for parking by the general public and which is owned by the Town, a quasi-governmental entity (specifically including Traer Creek Metropolitan District and Village Metropolitan District and any other quasi- governmental entity or urban renewal authority approved by the Town after the Effective Date and having all or any part of its boundaries or service area located within The Village (at Avon)). EXHIBIT B TO ORDINANCE 26-02 H- Exhibit I Page 18 1650530.6 2985509.13 PUD Guide means this The Village (at Avon) SecondThird Amended and Restated PUD Guide dated September 11, 2018[_____________, 2026], and all exhibits attached hereto. PUD Master Plan means The Village (at Avon) P.U.D. Master Plan attached hereto as Exhibit B and incorporated herein. The PUD Master Plan depicts, among other things, Planning Areas and permanent, temporary and conceptual road alignments for the development of The Village (at Avon). Recycling Facility means a facility, which may be either contained and conducted within a Structure or conducted outside of a Structure so long as all materials are stored within an enclosed container, for the collection and temporary storage (prior to relocating to a Recycling Processing Center) of empty beverage containers, aluminum, glass, paper, cardboard, clothing or other materials for recycling purposes. Recycling Processing Center means a facility in which recycling materials received from a Recycling Facility or from other sources are processed for subsequent use or distribution. Religious Facility means a Building containing a hall, auditorium or other suitable room or rooms used for the purpose of conducting religious worship or other services or meetings of the occupants of such structure, including churches, synagogues, mosques or the like, but excluding any Buildings used for commercial endeavors. Remaining Community Housing Units has the meaning given it in Section I.15(a) of this PUD Guide. Required Street Connections has the meaning given it in Section G.5(b) of this PUD Guide. Residential Use means the Use of a Building (or applicable portion thereof) for purposes of a Single-family Dwelling, Duplex Dwelling, Multi-family Dwelling, Community Housing Unit, Minor or Major Home Occupation (portion of the Building not used for Commercial or Industrial Uses), Primary/Secondary Structure or Group Home. Restaurant(s) means an establishment engaged in the Use or Accessory Use of a building or structure for the sale of foods and beverages to the customer in a ready-to consume state, and in which the design or principal method of operation includes the following characteristics: (i) With respect to “drive-through” Restaurants, allows food or beverages to be served directly to the customer in a motor vehicle without the need for the customer to exit the motor vehicle. (ii) With respect to “fast food” Restaurants: (a) Food and beverages are usually served in paper, plastic or other disposable containers; (b) The consumption of food and beverages is encouraged or permitted within the Restaurant building, within a motor vehicle parked upon the premises EXHIBIT B TO ORDINANCE 26-02 H- Exhibit I Page 19 1650530.6 2985509.13 or at other facilities on the premises outside the restaurant building, or for carry-out; and (c) Drive-through facilities are allowed, subject to Design Review Board review and approval of Site-internal traffic patterns, Site-internal vehicle stacking areas, and entrance and exit locations. (iii) With respect to “standard” Restaurants, which may but are not required to include as an Accessory Use the on-premises production of fermented (alcoholic) malt beverages and/or malt, special malt or vinous and spirituous liquors: (a) Customers are served their food and/or beverages by a restaurant employee at the same table or counter at which the items are consumed; and/or (b) Customers are served their food and/or beverages by means of a cafeteria type operation where the food or beverages are consumed within the Restaurant building. Required Street Connections has the meaning giving it in Section G.5(b) of this PUD Guide. Service Station(s) means a facility equipped for the sale of gasoline, diesel, electricity or other forms of fuel for motorized vehicles, and which may but is not required to include as an Accessory Use Convenience Retail, fast food Restaurants, drive-through Restaurants, and/or automated or self car washes. Settlement Term Sheet has the meaning set forth in Section 0 of this PUD Guide. Short Term Rental(s) pursuant to Section 3.29.020 of the Municipal Code, in effect as of the Effective Date, means any room or rooms, apartment, condominium, boardinghouse, hotel room, guesthouse, lodge, campground site, recreational vehicle space, bed and breakfast, residence or similar accommodation generally used for sleeping and made available for a fee or other consideration to guests on an overnight basis for a period fewer than thirty (30) days, excluding any unit classified as commercial property by the Eagle County Assessor. For the purposes of this PUD Guide, Short Term Rental(s) may only be operated in an existing Dwelling(s) otherwise permitted in the applicable Planning Area, subject to compliance with applicable Town licensing and related regulatory requirements provided, however, there shall be no limitation on the number of Short Term Rental licenses available for properties within Planning Area A, notwithstanding Municipal Code Section 5.04.050(g).. Accommodations Unit(s) may not be used as Short Term Rental(s). The operation or non-operation of a Building, Dwelling, Dwelling Unit, or any portion thereof, as a Short Term Rental will not affect the classification of such Building, Dwelling, or Dwelling Unit’s otherwise applicable Use Category under this PUD Guide. Single-family Dwelling means a Building designed exclusively for occupancy by one (1) family (or individual or group of individuals living independently as a unit), but expressly excluding a Mobile Home. EXHIBIT B TO ORDINANCE 26-02 H- Exhibit I Page 20 1650530.6 2985509.13 Site means a specifically described area of land which is the subject of a development Application, and which may be a Lot, an aggregation of Lots within a Mixed Use Project or any other form of designation or combination of designations of specifically described areas of land that are otherwise eligible to be developed under the terms of this PUD Guide and applicable law. Site Coverage means the ratio, expressed as a percentage, of the area of a Site which is rendered impermeable by Buildings compared to the Lot Area (or in the case of an assemblage of Lots, the gross area contained with the entire Site). Special Review Use means a Use or Uses permitted to be developed or conducted within The Village (at Avon) PUD only upon further Town review and approval of such Use in accordance with and subject to compliance with the terms and conditions of Section E of this PUD Guide. Any such Special Review Uses are further subject to compliance with the applicable Development Standards, the Design Review Guidelines, the Subdivision Regulations and approval by the Design Review Board, and issuance of a building permit in accordance with Section A.4(h) above and any applicable Town use permit or business permit in accordance with applicable requirements of the Municipal Code, as superseded or modified by the Development Plan. Story(ies) means a space in a Building between two adjacent floors or between a floor and an adjacent roof, excluding vaulted spaces with or without a floor, outdoor area, rooftop patios/decks and similar spaces, and excluding any Story which has a ceiling height that is less than 6 feet above Finished Grade (e.g., basements, garden level basements and underground parking garages). Where grades are necessary to be lowered to allow for vehicular parking garage access or pedestrian access into a Story which has a ceiling height that is less than 6 feet above Finished Grade, Finished Grade shall be assumed at a level as if these accesses did not exist (e.g., Finished Grade level on either side of the access). Structure means a combination of materials to form a construction for Use, occupancy or ornamentation whether installed on, above or below the surface of land or water. Subdivision Regulations means Section 7.16.070 of the Development Code, as modified and/or superseded by the provisions of Section G of this PUD Guide. Supplemental Hotel Design Standards has the meaning given it in Section I.9 of this PUD Guide. The Village (at Avon) PUD means the zone district authorized for the Property by the Town, and which constitutes the sole and exclusive zoning regulations applicable within the Property and expressly supersedes any additional or conflicting provisions of the Municipal Code, as superseded or modified by the Development Plan. Temporally Divided Dwelling means any Dwelling with respect to which more than four (4) persons (or entities), whether by fee interest, leasehold or contractual right, are entitled to the use, occupancy or possession of such Dwelling according to a fixed or floating time schedule occurring periodically over any period of time (the use, occupancy or possession by each person being exclusive of that by the others. Temporally Divided Dwelling includes but is not limited to a timeshare estate as defined in C.R.S. § 38-33-11038-33-110, any form of interval ownership, any form of fractional fee ownership, and any form of vacation club or similar venture. For purposes EXHIBIT B TO ORDINANCE 26-02 H- Exhibit I Page 21 1650530.6 2985509.13 of this definition, the Use of the Dwelling rather than the form of ownership of the Dwelling (i.e., whether owned in fee by a single owner, a corporate entity engaged in the business of providing services to those entitled to the use, occupancy or possession of a Temporally Divided Dwelling, or similar forms of ownership) shall be determinative of whether a Dwelling is a Temporally Divide Dwelling; provided, however that ownership of an interest in joint tenancy by two (2) persons shall be considered one (1) person. Temporary Use means any Use that is not classified as a Permitted Use, Special Review Use or Interim Use with respect to the applicable Planning Area, and which is permitted in accordance with Section 7.24.080 of the Development Code (Temporary Uses and Structures). The Village (at Avon) PUD means the zone district authorized for the Property by the Town, and which constitutes the sole and exclusive zoning regulations applicable within the Property and expressly supersedes any additional or conflicting provisions of the Municipal Code, as superseded or modified by the Development Plan. Town means the Town of Avon, a municipal corporation of the State of Colorado. Town Council means the Town Council of the Town. Tract means a parcel of real property as shown with a separate and distinct “tract” number or letter on a Final Plat. Transit Shelter means a Structure which provides protection from the weather to persons who are waiting to board a publicly or privately operated bus or other form of mass transit. Transportation Master Plan. The Transportation Master Plan adopted by the Town, as may be amended from time to time. Use(s) means the primary or principal purpose for which land or a building or structure is designated, arranged, or intended, or for which it either is or may be occupied or maintained. Use(s) by Right means a Use or Uses permitted to be developed or conducted within The Village (at Avon) PUD without the requirement of further Town review or approval, subject to compliance with the applicable Development Standards, the Design Review Guidelines, the Subdivision Regulations and approval by the Design Review Board, and with respect to which a building permit shall be issued in accordance with Section A.4(h) of this PUD Guide and/or any applicable Town use permit or business permit in accordance with applicable requirements of the Municipal Code, as superseded or modified by the Development Plan. Use Category means one of the following general categories of Use that may be permitted within The Village (at Avon) on a Planning Area by Planning Area basis: (i) Residential Uses. (ii) Commercial Uses. EXHIBIT B TO ORDINANCE 26-02 H- Exhibit I Page 22 1650530.6 2985509.13 (iii) Industrial Uses. (iv) Interim Uses. (v) Mixed Use Projects. (vi) Public Facilities. Vacation Club means a corporate entity that is the record owner, as reflected in the records of the Eagle County Tax Assessor, of a Temporally Divided Dwelling which Dwelling it makes available to its members and/or guests of its members for their accommodation on a periodic basis in consideration of such members’ interest or membership in the entity. Vested Property Right(s) has the meaning set forth in Section 2.4 of the Development Agreement. Vested Property Rights Regulations means Section 7.16.140 of the Development Code, as modified by this PUD Guide. Vested Property Rights Statute means Sections 24-68-101 et seq. of the Colorado Revised Statutes as in effect on October 13, 1998. Wildlife Mitigation Plan means, as set forth in Exhibit D to this PUD Guide, the sole and exclusive Development Standards for wildlife mitigation measures applicable within The Village (at Avon) PUD, and which expressly supersedes any additional or conflicting provisions of the Municipal Code. Wireless Telecommunication Equipment means any equipment used to provide Wireless Telecommunication Service, but which is not affixed to or contained within a Wireless Telecommunication Facility, but is instead affixed to or mounted on an existing Building or Structure the Primary Use of which is not for the provision of Wireless Telecommunications Services. Wireless Telecommunication Equipment also includes a ground mounted base station used as an Accessory Structure that is connected to an antenna mounted on or affixed to an existing Building. Wireless Telecommunication Facility means any freestanding facility, Building, pole, tower or other Structure used to provide only Wireless Telecommunication Services, and which consists of, without limitation, antennae, equipment, storage and other Accessory Structures used to provide Wireless Telecommunications Services. Wireless Telecommunication Service means services providing for the transmission of wireless communications utilizing frequencies authorized by the Federal Communications Commission for paging systems, enhanced specialized wireless telecommunication, persona communication services, cellular telephone service and any similar services provided by means other than Cabled Telecommunication Services. EXHIBIT B TO ORDINANCE 26-02 I-1 EXHIBIT I Section 7.16.070 of Development Code 7.16.07 Subdivisions. The purpose of the subdivision review procedures is to ensure compliance with all the standards and requirements in this Development Code and encourage quality development consistent with the goals, policies and objectives in the Comprehensive Plan. (a) Applicability. The procedures of this Section and the standards in Chapter 7.32, Engineering Improvement Standards, shall apply to all subdivisions or re-subdivisions that result in the portioning, dividing, combining or altering of any lot, parcel or tra ct of land, including land used for condominiums, apartments or any other multiple dwelling units or creation of an estate in airspace, except any subdivisions that are specifically excluded by state law. If a tract of land that has been created or subdivided in the past is later described as a single tract in deeds or plat by the legal or equitable owners, any later subdivisions of that tract, even if along the lines of the earlier subdivision, shall be subject to the requirements of these regulations. If any tract of land or airspace has been subdivided as one (1) type of subdivision and thereafter is subdivided so as to create a different type of subdivision (for example, conversion of a condominium subdivision to a timesharing subdivision), the conversion shall be subject to the requirements of this Development Code. Unless the method of disposition is adopted for the purpose of evading the requirements of the Development Code, this procedure shall not apply to any division of land that: (1) Is created by a lien, mortgage, deed of trust or any other security instrument; (2) Is created by any interest in an investment entity; (3) Creates cemetery lots; (4) Creates an interest or interests in oil, gas, minerals or water that are severed from the surface ownership of real property; (5) Is created by the acquisition of an interest in land in the name of a husband and wife or other persons in joint tenancy or as tenants in common of such interest. For the purpose of this Paragraph, any interest in common owned in joint tenancy shall be considered a single interest; (6) Creates a leasehold interest with a term of less than twenty (20) years and involves no change in use or degree of use of the leasehold estate; (b) Subdivision Categories. Categories of subdivisions are established and defined as follows for the purpose of determining the appropriate subdivision review procedure: (1) Major Subdivision. Major subdivisions include all subdivisions which would create four (4) or more separate parcels of land or which would require or which propose public improvements. (2) Minor Subdivision. Minor subdivisions include all subdivisions which would create less than four (4) separate parcels of land, subdivisions which do not require or propose public improvements, subdivisions which consolidate two (2) or more lots into a single lot in a previously recorded subdivision plat and subdivisions which move any lot lines by more than two (2) feet; but shall not include subdivisions which are administrative subdivisions. Condominiums and timeshare subdivisions more than four (4) units which do not propose public improvements shall be processed as minor subdivisions. EXHIBIT B TO ORDINANCE 26-02 I-2 (3) Administrative Subdivisions. Administrative subdivisions are subdivisions which include dividing a parcel of land for a duplex, subdivisions for the purpose of correcting survey errors, condominium and timeshare subdivisions up to four (4) units and subdivisions which adjust lot lines by two (2) feet or less and which do not change the number of lots. The Director shall have the authority to determine that an administrative subdivision application shall be processed as a minor subdivision where the character of the subdivision application or multiple applications presents issues which warrant review and approval by the Town Council. All administrative subdivisions are exempt from notice requirements outlined in Subsection 7.16.020(d). (c) Review Procedures. Applications for a subdivision shall follow the general review procedures set forth in Section 7.16.020, General Procedures and Requirements. Applications for subdivision must be initiated by the owner of the real property. The Director may combine preliminary plan and final plat review where the subdivision application can be reviewed efficiently and effectively with a combined process. Where subdivision approval will be required to implement development in a proposed PUD, the applicant shall file a single preliminary plan incorporating the application requirements of both the PUD and subdivision preliminary plans. The provisions and procedures for public notice, hearing and review for a PUD as prescribed in the Development Code shall apply to the application. (d) Review Authority. The review authority for a subdivision application shall be determined by the subdivision category. (1) Major Subdivision. Major subdivisions shall be required to obtain approval for a preliminary plan and for a final plat. The PZC shall review a preliminary plan for a major subdivision application and shall provide a recommendation to the Town Council after conducting a public hearing. The Town Council shall render the final decision on a preliminary plan for a major subdivision application after conducting a public hearing. The Town Council shall review the final plat for major subdivision applications and render a final decision after conducting a public hearing. The preliminary plan and final plat for major subdivisions shall be approved by resolution or ordinance of the Town Council. (2) Minor Subdivision. Minor subdivisions shall require final plat review and approval only where no public improvements are proposed; however, the review criteria for a preliminary plan shall apply to review of minor subdivision final plats in addition to the review criteria for a final plat. The Town Council shall render the final decision on a minor subdivision application after conducting a public hearing. Minor subdivisions shall be approved by resolution or ordinance of the Town Council. (3) Administrative Subdivisions. Administrative subdivisions shall require final plat review and approval only; however, the review criteria for a preliminary plan shall apply to review of administrative subdivisions in addition to the review criteria for a final plat. The Director shall review and render decisions on administrative subdivisions. A decision of the Director may be appealed to the Town Council pursuant to Section 7.16.160, Appeal. (e) Preliminary Plan Review Criteria. The reviewing authority will use the following review criteria as the basis for recommendations and decisions on applications for preliminary plan subdivision applications: (1) The proposed subdivision shall comply with all applicable use, density, development and design standards set forth in this Development Code that have not otherwise been modified or waived pursuant to this Chapter and that would affect or influence the layout of lots, blocks and streets. Applicants shall not create lots or patterns of lots in the subdivision that will make compliance with such development and design standards difficult or infeasible; (2) The subdivision application shall comply with the purposes of the Development Code; EXHIBIT B TO ORDINANCE 26-02 I-3 (3) The subdivision application shall be consistent with the Avon Comprehensive Plan and other community planning documents; (4) The land shall be physically suitable for the proposed development or subdivision; (5) The proposed subdivision shall be compatible with surrounding land uses; (6) There are adequate public facilities for potable water supply, sewage disposal, solid waste disposal, electrical supply, fire protection and roads and will be conveniently located in relation to schools, police, fire protection and emergency medical services; (7) The proposed utility and road extensions are consistent with the utility’s service plan and are consistent with the Avon Comprehensive Plan and Comprehensive Transportation Master Plan; (8) The utility lines are sized to serve the ultimate population of the service area to avoid future land disruption to upgrade under-sized lines; (9) The subdivision is compatible with the character of existing land uses in the area and shall not adversely affect the future development of the surrounding areas; (10) A proposed subdivision for an existing PUD shall be consistent with the relevant PUD Master Plan as reflected in the approval of that PUD; (11) Appropriate utilities, including water, sewer, electric, gas and telephone utilities, shall provide a “conditional capacity to serve” letter for the proposed subdivision; (12) That the general layout of lots, roads, driveways, utilities, drainage facilities and other services within the proposed subdivision shall be designed in a way that minimizes the amount of land disturbance, minimize inefficiencies in the development of ser vices, maximizes the amount of open space in the development, preserves existing trees/vegetation and riparian areas, protects critical wildlife habitat and otherwise accomplishes the purposes of this Development Code. (13) Evidence that provision has been made for a public sewage disposal system or, if other methods of sewage disposal are proposed, adequate evidence that such system shall comply with state and local laws and regulations; (14) Evidence that all areas of the proposed subdivision that may involve soil or topographical conditions presenting hazards or requiring special precautions have been identified by the applicant and that the proposed use of these areas are compatible with such conditions or that adequate mitigation is proposed; (15) The subdivision application addresses the responsibility for maintaining all roads, open spaces and other public and common facilities in the subdivision and that the Town can afford any proposed responsibilities to be assumed by the Town; (16) If applicable, the declarations and owners’ association are established in accordance with the law and are structured to provide adequate assurance that any site design standards required by this Development Code or conditions of approval for the proposed subdivision will be maintained or performed in a manner which is enforceable by the Town; and EXHIBIT B TO ORDINANCE 26-02 I-4 (17) As applicable, the proposed phasing for development of the subdivision is rational in terms of available infrastructure capacity and financing. (f) Final Plat Review Criteria. After approval of a preliminary plan, the applicant may submit an application for a final plat. The following criteria shall apply to review of a final plat subdivision application: (1) The Town Engineer shall compare the legal description of the subject property with the County records to determine that: (i) The property described contains all contiguous single ownership and does not create a new or remaining unrecognized parcel of less than thirty-five (35) acres in size; (ii) The lots and parcels have descriptions that both close and contain the area indicated; and (iii) The plat is correct in accordance with surveying and platting standards of the State. (2) The final plat conforms to the approved preliminary plan and incorporates all recommended changes, modifications and conditions attached to the approval of the preliminary plan; (3) The final plat conforms to all preliminary plan criteria; (4) The development will substantially comply with all sections of the Development Code; (5) The final plat complies with all applicable technical standards adopted by the Town; and (6) Appropriate utilities shall provide an ability to serve letters, including but not limited to water, sewer, electric, gas and telecommunication facilities. (g) Public Improvements Guarantee. Guarantees for public improvements shall comply with Subsection 7.32.100(c). (h) Revocation. An approval of a final plat is revoked pursuant to this Section. (1) Recording. The applicant shall cause the final plat and restrictive covenants, if any, to be recorded within ninety (90) days from the date of approval and acceptance of the Council. In the event that the plat is not recorded, the approval of the Council shall be deemed to be void and such plat shall not thereafter be recorded, unless and until the Mayor executes a written authorization for recording the final plat. (2) Vacation. The final plat approval shall include a determination of a reasonable time by which the project should be completed. All plats given final approval shall contain a notation indicating the date by which a project is expected to be completed, that shall be prima facie evidence of a reasonable time by which the project should have been completed. A plat or any portion thereof that has been finally approved by the Council and has been recorded shall be subject to vacation proceedings if the project that is the subject of the subdivision is not completed within the time set by Council. (3) Extension. Extensions of the time limit for project completion may be obtained from the Council for good cause shown, upon request by the applicant or owner of the tract, if made before the vacation proceedings are instituted. (Ord. 10-14 §3) EXHIBIT B TO ORDINANCE 26-02 I-5 EXHIBIT B TO ORDINANCE 26-02 Summary report: Litera Compare Cloud 11.15.0.57 Document comparison done on 3/12/2026 7:30:51 PM Style name: Default Style Intelligent Table Comparison: Active Original filename: Second Amended and Restated PUD Guide (PA F Amendments).docx Modified filename: Third Amended and Restated PUD Guide.docx Changes: Add 934 Delete 795 Move From 77 Move To 77 Table Insert 1 Table Delete 0 Table moves to 0 Table moves from 0 Embedded Graphics (Visio, ChemDraw, Images etc.) 30 Embedded Excel 0 Format changes 0 Total Changes: 1914 EXHIBIT B TO ORDINANCE 26-02 4199881.74199881.9 FIRST AMENDMENT TO CONSOLIDATED, AMENDED AND RESTATED ANNEXATION AND DEVELOPMENT AGREEMENT FOR THE VILLAGE (AT AVON) This FIRST AMENDMENT TO CONSOLIDATED, AMENDED AND RESTATED ANNEXATION AND DEVELOPMENT AGREEMENT FOR THE VILLAGE (AT AVON) (this “First Amendment”) is made as of [_______________, 2026] (“First Amendment Execution Date”), by and among the Town, TCMD, and Master Landowner. RECITALS This First Amendment is made with reference to the following facts: A. The Town, TCMD, and Master Landowner are parties to that certain Consolidated, Amended and Restated Annexation and Development Agreement for The Village (at Avon) Recorded on August 1, 2014 at Reception No. 201412777 (the “CARADA” and, together with and as amended by this First Amendment, the “Development Agreement”) which, among other things, creates vested property rights for the real property generally known as The Village (at Avon), and more particularly described and updated to reflect the Recording of various subdivision plats subsequent to the Execution Date of the Development Agreement and attached as Exhibit A to this First Amendment. B. Initially capitalized words and phrases used but not defined in this First Amendment have the meanings set forth in Exhibit F of the CARADA, which definitions are incorporated in this First Amendment. C. Pursuant to Sections 1.5 and 1.5(a) of the CARADA, the CARADA may be amended only in writing by the Town, TCMD, EMD, TCLLC (EMD and TCLLC being the Master Landowner as defined in this First Amendment) “and those additional parties, if any, to whom TCLLC or EMD has specifically granted, in writing, the power to enter into such amendments.” TCLLC and EMD have not granted the power to enter into amendments to any entity. D. Section 1.5 of the CARADA further provides that amendments to the CARADA require the written consent of the Limited Parties, VMD, and BNP in limited circumstances. Neither the circumstances requiring consent of the Limited Parties set forth in Section 1.5(b) of the CARADA nor the circumstances requiring the consent of VMD set forth in Section 1.5(c) of the CARADA apply to this First Amendment. The 2014 Reissue Documents were subsequently refinanced such that BNP is no longer an Intended Beneficiary and BNP’s written consent to an amendment to the CARADA is no longer required pursuant to Section 1.5(d) of the CARADA (and, pursuant to this First Amendment, BNP’s consent will not be required for any future amendment to the Development Agreement). E. Pursuant to Ordinance No. [_____________], Town Council approved the PUD Guide, which incorporates the PUD Master Plan, to implement certain amendments to the previously in effect versions concerning, among other matters, Planning Areas A, C, D, E, I, J, K, RMF-1, CH-1 and CH-2, the Community Housing Plan (as defined in the PUD Guide), and certain matters with respect to the operation of Short Term Rentals (as defined in the PUD Guide). EXHIBIT C TO ORDINANCE 26-02 2 4199881.74199881.9 F. In connection with the PUD Guide and PUD Master Plan approvals, the Town, TCMD, and Master Landowner wish to amend the CARADA to, among other things, modify certain provisions to conform with such amendments to the PUD Guide and PUD Master Plan and to extend the Vesting Term in accordance with the terms and conditions of this First Amendment. AGREEMENT NOW, THEREFORE, in consideration of the terms, conditions and covenants set forth in this First Amendment and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows: I.Incorporation of Recitals. The Recitals are incorporated into and made substantive provisions of this First Amendment. II.Amendments. Pursuant to this First Amendment, the CARADA is amended and restated, and the Development Agreement incorporates such amended and restated provisions to read, as follows: (A)Master Landowner. All references to “Master Developer” are deleted and replaced with a corresponding reference to “Master Landowner.” (B)Affiliated Landowner(s). All references to “Developer Affiliate(s)” are deleted and replaced with a corresponding reference to “Affiliated Landowner(s).” (C)BNP. All references to “BNP” are deleted. (D)Section 1.4(a) Vesting Term. Section 1.4(a) is amended and restated to read in its entirety as follows: (a) Vesting Term. Due to the size and phasing of the Project, the potential for development of the Project to be affected by economic and financial cycles, the effect of national and statewide markets with regard to retailers, accommodations industry and builders, and the limitation of absorption rates by the local market conditions, the Vesting Term is comprised of the Primary Vesting Term and the Mountainside Vesting Term, as follows: (i) Primary Vesting Term. The initial term of the Vested Property Rights for the Project and the Property shall continue through and include October 20, 2039 (“Primary Vesting Term”). (ii)Mountainside Vesting Term. Notwithstanding expiration of the Primary Vesting Term with respect to other areas within the Project, the term of the Vested Property Rights for Planning Areas K, RMF-1, and Block 3 may continue through and include October 20, 2059 (“Mountainside Vesting Term”), if the applicable condition precedent set forth in Section 1.4(a)(iii) is satisfied. (iii) Mountainside Vesting Term Extension. The condition precedent to the automatic extension of the Mountain Vesting Term to October 20, 2059 is that on or before October 20, 2039, Master Landowner or District (or designee) has funded an escrow EXHIBIT C TO ORDINANCE 26-02 3 4199881.74199881.9 account or other suitable financial instrument, for the Authority’s use, in an amount equal to Master Landowner’s proportionate share of the total estimated costs for the Authority to proceed to construct the water storage infrastructure within Planning Area K capable of serving the East Avon Preserve’s (such property is labeled on the PUD Master Plan and generally described as Lot 1, Section: 8, Township: 5, Range: 81, Parcel No. 2103-083-00- 007) northwestern corner pressure zone with potable water. If Master Landowner satisfies such condition precedent on or before the earlier to occur of: (I) October 20, 2039, then the Mountainside Vesting Term shall automatically extend to continue through and include October 20, 2059, without the need for any further action by the Parties or an amendment to this Development Agreement.; and (II) subject to satisfaction of the prerequisites stated in Section 1.4(ii)(A), the one hundred eightieth (180th) day (or such later date as may be specified in the notice) after the date on which the Town delivers to Master Landowner written notice pursuant to Section 1.4(a)(ii)(A) requesting that Master Landowner (or District or designee) fund its proportionate share of the total estimated costs. (A) On or after October 20, 2036, the Town may deliver to Master Landowner written notice requesting that Master Landowner (or District or designee) fund its proportionate share of the total estimated costs described in Section 1.4(a)(ii); provided, however, that the Town certifies in such notice that it has satisfied each of the following conditions precedent: a) all Community Housing Units permitted in Planning Areas CH-1 and CH-2 either have been constructed or such construction has commenced and is being diligently pursued; b) the Town has obtained final, non-appealable approval of a site plan for development, and has secured funding for and is prepared to proceed with construction, of Community Housing Units in East Avon Preserve; and c) the Town has secured and is prepared to fund into escrow or other suitable financial instrument its proportionate share (as described in Section 1.4(a)(ii)(B)), simultaneously with Master Landowner (or District or designee) funding its proportionate share, of the total estimated costs for the Authority to proceed to construct the water storage infrastructure within Planning Area K required to serve development of the East Avon Preserve Community Housing Units. (B) Master Landowner’s (or District or designee) and the Town’s respective proportionate shares of the total estimated costs described in Section 1.4(a)(ii) shall be based on their respective water service requirements for the type and number of units within their respective developments that are to be served by the water storage infrastructure the Authority constructs in Planning Area K. EXHIBIT C TO ORDINANCE 26-02 4 4199881.74199881.9 (C) If Master Landowner satisfies the condition precedent thereto as described in this Section 1.4(a)(ii), then the Mountainside Vesting Term shall automatically extend to continue through and include October 20, 2059, without the need for any further action by the Parties or an amendment to this Development Agreement. (iii)(iv) Expiration of Vesting Term. If the Term expires prior to expiration of the Vesting Term, the Vesting Term shall continue in full force and effect and shall survive expiration of the Term in accordance with and subject to the terms, conditions and limitations set forth in this Agreement. The Vested Property Rights shall be deemed terminated and of no further force or effect on, with respect to the Primary Vesting Term, October 21, 2039, and, with respect to the Mountainside Vesting Term, October 21, 2039 or October 21, 2059 (as applicable pursuant to Section 1.4(a)(iii)); provided, however, that such termination shall not affect: (A) annexation of the Property to the Town; (B) any common-law vested rights obtained prior to such termination; (C) any right arising from Town building permits, development approvals or other zoning entitlements for the Property or the Project which were granted or approved prior to expiration of such Vesting Term; or, (D) any obligation of a Party under this Development Agreement that has not been fully performed as of the date on which such Vesting Term expires. (E)Section 2.4 Vesting of Property Rights. The introductory paragraph of Section 2.4 is amended and restated in its entirety to read as follows (the remaining provisions under Section 2.4 being unaffected hereby): 2.4 Vesting of Property Rights. This Development Agreement ratifies the Vested Property Rights established by the Original Agreement and the Original PUD Guide (as subsequently extended) and, as described in Section 1.4(a), extends the term of such Vested Property Rights (including with respect to future amendments to any such Approved SSDP) through and including October 20, 2039, for the Primary Vesting Term, and October 20, 2039 or October 20, 2059 (as applicable pursuant to Section 1.4(a)(iii)), for the Mountainside Vesting Term. (F)Section 2.4(f) Vesting of Property Rights. Section 2.4(f) is amended and restated to read in its entirety as follows: (f) Notwithstanding any additional or contrary provision of the Municipal Code (as in effect from time to time), and notwithstanding any prior expiration of the Term, the Vesting Term with respect to the Development Plan and other Approved SSDPs (if any) shall not expire, be deemed forfeited, or otherwise limited or impaired prior to October 21, 2039, for the Primary Vesting Term, and October 21, 2039 or October 21, 2059 (as applicable pursuant to EXHIBIT C TO ORDINANCE 26-02 5 4199881.74199881.9 Section 1.4(a)(iii)), for the Mountainside Vesting Term. For the avoidance of doubt and notwithstanding any contrary provision of the Municipal Code (as in effect time to time), the scope of Vested Property Rights established by the Development Plan specifically includes the right that all amendments to the Development Plan or other Approved SSDPs (if any) approved by the Town shall be and remain vested through and including the last day of the Vesting Term, and includes the right to retain and enjoy the remaining period of the Vesting Term for any amendment to the Development Plan or other Approved SSDPs (if any). Accordingly, during the Vesting Term (and notwithstanding any prior expiration of the Term) Town Council (or other final decision-maker of the Town) shall not condition approval of any future amendment to the Development Plan or other Approved SSDPs (if any) on, nor shall Town Council (or other final decision-maker of the Town) make any such approval subject to the Applicant’s, Landowner’s or Master Landowner’s consent to, a reduction of the then-remaining Vesting Term. (G)Section 3.7(e) Community Housing Dedication. A new Section 3.7(e) is inserted to read in its entirety as follows: (e) Community Housing Dedications. Pursuant and subject to the PUD Guide, and as depicted in the PUD Master Plan, Master Landowner has caused the Dedication to the Town and the Town has acquired title to and granted Final Acceptance of the land within Planning Areas CH-1 and CH-2 for the Town’s intended use of such parcels as Community Housing Units to be owned, operated and managed by the Town. Master Landowner consents to the Town’s use of the land in Planning Areas CH-1 and CH-2 in accordance with the terms, conditions, requirements and restrictions set forth in the PUD Guide and this Section 3.7(e). (i)Planning Area CH-1. Planning Area CH-1 consists of: (1) Lot 8, Third Amended Final Plat, Amended Final Plat, The Village (at Avon) Filing 1, A Resubdivision of Lot 1, Recorded at Reception No. 2019013092, being an approximately 0.51-acre Site which previously was within Planning Area D; and (2) a portion of Lot 3, Second Amended Final Plat, Amended Final Plat, The Village (at Avon) Filing 1, A Resubdivision of Lot 1, Recorded at Reception No. 201412782, which Lot 3 was the 3.536-acre Site designated as Planning Area E and comprised that part of the School Site Dedication described in Section 3.7(a)(i)(A). The inclusion of that portion of Lot 3 described in the foregoing clause (2) shall not be construed as negating full satisfaction of the School Site Dedication described in Section 3.7(a)(i)(A) nor shall it be construed as increasing or otherwise modifying that portion of the School Site Dedication described in Section 3.7(a)(i)(B). The use restriction described in Section 3.7(a)(i)(A) shall not apply to the land within Planning Area CH-1, which land shall be subject to the restriction that it be used for the Town’s intended development of Community Housing Units to be owned, operated and managed by the Town in accordance with the terms, conditions, requirements and restrictions set forth in the PUD Guide and this Section 3.7(e). Following the First Amendment Effective Date, Traer Creek Holdings No. 1 LLC shall convey Lot 8, Third Amended Final Plat, Amended Final Plat, The Village (at Avon) Filing 1, A Resubdivision of Lot 1, Recorded at Reception No. 2019013092 to the Town by special warranty deed, in the form attached as Exhibit B to this Development Agreement. Such special warranty deed shall contain the use restriction contemplated by this Section 3.7(e)(i). EXHIBIT C TO ORDINANCE 26-02 6 4199881.74199881.9 (ii)Planning Area CH-2. Master Landowner previously caused conveyance of Lot 5, Final Plat, The Village (at Avon) Filing 1 to the Town, being an approximately 4.03-acre Site which previously comprised Planning Area PF-1 and was Dedicated to and granted Final Acceptance by the Town in satisfaction of the Public Works Dedication (as defined in the Original Agreement) obligation pursuant to Section 4.3 of the Original Agreement. The designation of Lot 5 as Planning Area CH-2 and the Town’s use thereof for development of Community Housing Units to be owned, operated and managed by the Town shall not be construed as negating full satisfaction of the Public Works Dedication obligation described in Section 4.3 of the Original Agreement nor shall it be construed as requiring any further land Dedications in satisfaction of the Public Works Dedication obligation. Said Lot 5 shall be subject to the restriction that it be used for the Town’s intended development of Community Housing Units to be owned, operated and managed by the Town in accordance with the terms, conditions, requirements and restrictions set forth in the PUD Guide and this Section 3.7(e). (H)Section 8.12 Notices. Section 8.12 is amended and restated to read in its entirety as follows: 8.12 Notices. All approvals, consents, notices, objections, and other communications (a “Notice” and, collectively, “Notices”) under this Development Agreement shall be in writing and shall be deemed properly given and received when personally delivered, or sent by overnight courier (such as UPS or FedEx), or by email (pdf), addressed to the respective Parties, Limited Parties or Intended Beneficiaries at their respective addresses as set forth below. Notices shall be deemed effective: (i) if personally delivered, when actually given and received; or (ii) if by overnight courier service, on the next business day following deposit with such courier service; or (iii) if by email (pdf), on the same day if sent before 5:00 P.M. Mountain Time, or on the next business day if sent after 5:00 P.M. Mountain Time. No Notices shall be sent via United States mail. All Notices shall be addressed as follows (or to such other address as may be subsequently specified by Notice given in accordance herewith): To the Town: Town of Avon 100 Mikaela Way Avon, Colorado 81620 Attention: Town Manager Telephone: (970) 748-4004 Email: eheil@avon.org With a required copy to: EXHIBIT C TO ORDINANCE 26-02 7 4199881.74199881.9 Town of Avon 100 Mikaela Way Avon, Colorado 81620 Attention: Town Attorney Telephone: (303) 376-8512 Email: nina@wwfdlaw.com To TCMD: Traer Creek Metropolitan District 2001 16th Street, Suite 1700 Denver, CO 80202 Attn: Denise Denslow, CliftonLarsonAllen LLP Telephone: (303) 779-5710 Email: denise.denslow@claconnect.com With a required copy to: Spencer Fane 1700 Lincoln Street, Suite 2000 Denver, Colorado 80203 Attn: David S. O’Leary Telephone: (303) 839-3952 Email: doleary@spencerfane.com To VMD: The Village Metropolitan District 2001 16th Street, Suite 1700 Denver, CO 80202 Attn: Denise Denslow, CliftonLarsonAllen LLP Telephone: (303) 779-5710 Email: denise.denslow@claconnect.com With a required copy to: Spencer Fane 1700 Lincoln Street, Suite 2000 Denver, Colorado 80203 Attn: David S. O’Leary Telephone: (303) 839-3952 Email: doleary@spencerfane.com EXHIBIT C TO ORDINANCE 26-02 8 4199881.74199881.9 To Master Landowner: Traer Creek LLC 0101 Fawcett Road, Suite 210 Avon, CO 81620 Attn: Marcus Lindholm, Manager Telephone: (970) 949-6776 Email: marcuslindholm@traercreek.com With required copies to: Traer Creek LLC 0101 Fawcett Road, Suite 210 Avon, CO 81620 Attn: Michael Lindholm Telephone: (970) 949-6776 Email: michaellindholm@traercreek.com And to: Otten, Johnson, Robinson, Neff & Ragonetti, P.C. 950 17th Street, Suite 1600 Denver, Colorado 80202 Attention: Munsey L. Ayers [270412-0004] Telephone: 303.825.8400 Email: munsey@ottenjohnson.com EMD Limited Liability Company c/o Lava Corporation 0101 Fawcett Road, Suite 210 Avon, CO 81620 Attn: Michael Lindholm, President Telephone: (970) 949-6776 Email: michaellindholm@traercreek.com EXHIBIT C TO ORDINANCE 26-02 9 4199881.74199881.9 With a required copy to: Otten, Johnson, Robinson, Neff & Ragonetti, P.C. 950 17th Street, Suite 1600 Denver, Colorado 80202 Attention: Munsey L. Ayers [270412-0004] Telephone: 303.825.8400 Email: munsey@ottenjohnson.com To the Limited Parties: Avon Urban Renewal Authority 100 Mikaela Way Avon, Colorado 81620 Attention: Town Manager Telephone: (970) 748-4004 Email: eheil@avon.org With a required copy to: Avon Urban Renewal Authority 100 Mikaela Way Avon, Colorado 81620 Attention: Town Attorney Telephone: (303) 376-8512 Email: nina@wwfdlaw.com The Village (at Avon) Mixed-Use Public Improvement Company 2001 16th Street, Suite 1700 Denver, CO 80202 Attn: Denise Denslow, CliftonLarsonAllen LLP Telephone: (303) 779-5710 Email: denise.denslow@claconnect.com With a required copy to: Otten, Johnson, Robinson, Neff & Ragonetti, P.C. 950 17th Street, Suite 1600 Denver, Colorado 80202 Attention: Munsey L. Ayers [270412-0004] Telephone: 303.825.8400 Email: munsey@ottenjohnson.com EXHIBIT C TO ORDINANCE 26-02 10 4199881.74199881.9 The Village (at Avon) Commercial Public Improvement Company 2001 16th Street, Suite 1700 Denver, CO 80202 Attn: Denise Denslow, CliftonLarsonAllen LLP Telephone: (303) 779-5710 Email: denise.denslow@claconnect.com With a required copy to: Otten, Johnson, Robinson, Neff & Ragonetti, P.C. 950 17th Street, Suite 1600 Denver, Colorado 80202 Attention: Munsey L. Ayers [270412-0004] Telephone: 303.825.8400 Email: munsey@ottenjohnson.com To the Intended Beneficiaries: Affiliated Landowners c/o Traer Creek LLC [Utilizing the Master Landowner contact and required copy information set forth above.] (I)Exhibit A Legal Description. Exhibit A is amended and replaced in its entirety with Exhibit A attached to this First Amendment. (J)Exhibit F Amended Defined Terms. Paragraphs 24, 45, 52, 54, 92, 93, and 129 of Exhibit F are amended and restated in their entirety to read as follows: 24. Block 3 means Block 3, Final Plat, Avon Landing, a Replat of Tract H, The Village (at Avon), Filing No. 3, Recorded on September 3, 2015, at Reception No. 201516730, such parcel being located within PA-J. 42. Design Review Guidelines means the sole and exclusive architectural design, landscape design, urban design and Site design and use standards applicable within the Property as set forth in The Village (at Avon) Design Review Guidelines with an effective date of November 16, 2022, together with any amendment(s) the Design Review Board may approve after providing notice thereof in accordance with Section 3.1, as prepared, approved and promulgated by the Design Review Board from time to time. 44. Affiliated Landowner(s) means, individually or collectively as the context dictates, TC RP, TC Plaza, TC HD and TC WMT, together with any other entity with respect to which TCLLC or EMD is the managing member and which acquires title to any portion of the Property after the Execution Date. 45. Development Agreement means the Consolidated, Amended and Restated Annexation and Development Agreement for The Village (at Avon) Recorded on August 1, 2014, at Reception No. 201412777, as amended by this First Amendment. EXHIBIT C TO ORDINANCE 26-02 11 4199881.74199881.9 52. Effective Date means August 1, 2014. 54. Execution Date means October 22, 2013. 66. Master Landowner means EMD (with respect to Planning Area I only) and TCLLC (in all other respects), which entities (or any successor entities), as more specifically described in Section 1.7, are designated and authorized to act on behalf of all Developer Affiliates. 92. PUD Master Plan means The Village (at Avon) P.U.D. Master Plan dated [_____________, 2026] attached as Exhibit B to the PUD Guide, as amended from time to time, which constitutes the approved sketch plan and master plan for development within the Property. 93. PUD Guide means The Village (at Avon) Third Amended and Restated PUD Guide (and all exhibits thereto, including but not limited to the PUD Master Plan) dated [_____________, 2026], as amended from time to time. 129. Vesting Term means the Primary Vesting Term and the Mountainside Vesting Term. (K)Exhibit F Additional Defined Terms. Exhibit F to the Development Agreement is amended to add the following: 28.1 CARADA has the meaning set forth in Recital A of the First Amendment. 29.1 Community Housing Units has the meaning set forth in the PUD Guide. 57.1 First Amendment means the First Amendment to the Consolidated, Amended and Restated Annexation and Development Agreement for The Village (at Avon). 57.2 First Amendment Effective Date means the date on which the First Amendment is Recorded. 57.3 First Amendment Execution Date has the meaning set forth in the initial paragraph of the First Amendment. 66.1 Mountainside Vesting Term has the meaning set forth in Section 1.4(a)(ii). 84.1 Primary Vesting Term has the meaning set forth in Section 1.4(a)(i). III.Authority to Amend; Vesting of Property Rights. In accordance with the terms and conditions of Section 1.5, the Town’s approval of this First Amendment is subject to the public notice and public hearing procedures that were required for approval of the CARADA. Because the Development Agreement constitutes a Site Specific Development Plan which establishes vested property rights pursuant to the Vested Property Rights Statute, and because this First Amendment is an amendment thereto, the Town shall adopt an ordinance approving this First EXHIBIT C TO ORDINANCE 26-02 12 4199881.74199881.9 Amendment and shall cause publication of the notice described in Section 24-68-103(1)(c) of the Vested Property Rights Statute. Pursuant to Section 7.16.140(d) of the Municipal Code: Approval of the Development Plan constitutes a vested property right pursuant to Article 68 of Title 24, C.R.S., as amended, and Title 7, Chapter 16, of the Avon Municipal Code as amended. IV.Effect of Amendment. Except as expressly modified by this First Amendment, the Development Agreement is unmodified, and is hereby ratified and affirmed, and shall remain in full force and effect in accordance with its terms. If there is any inconsistency between the terms of the Development Agreement and the terms of this First Amendment, the provisions of this First Amendment shall govern and control. V.Binding Effect. Upon Recording, this First Amendment shall inure to the benefit of and be binding upon the Parties, Limited Parties, and Affiliated Landowners. VI.Governing Law. This First Amendment shall be governed by and construed in accordance with the laws of the State of Colorado. VII.Counterparts. This First Amendment may be executed in one or more counterparts, each of which shall be deemed to be an original, and all such counterparts taken together shall constitute one and the same instrument. The electronic or pdf signature of any party on this First Amendment shall be deemed an original for all purposes. IN WITNESS WHEREOF, the Town, TCMD, and Master Landowner have executed this First Amendment as of the First Amendment Execution Date, with the intent that this First Amendment shall be legally binding on all Parties and legally attach to and encumber the Property upon the occurrence of the First Amendment Effective Date. [SIGNATURE AND EXHIBIT PAGES FOLLOW THIS PAGE] EXHIBIT C TO ORDINANCE 26-02 13 Town Signature Page to First Amendment to Consolidated, Amended and Restated Annexation and Development Agreement 4199881.74199881.9 TOWN: THE TOWN OF AVON, a home rule municipal corporation of the State of Colorado By: Name: Title: Approved as to legal form by: Nina Williams, Esq., Town Attorney STATE OF COLORADO ) ) ss. COUNTY OF EAGLE ) The foregoing instrument was acknowledged before me this ____ day of _________, 2026, by _____________________ as __________________ of THE TOWN OF AVON, a home rule municipal corporation of the State of Colorado. WITNESS my hand and official seal. My commission expires: ___________ Notary Public (SEAL) EXHIBIT C TO ORDINANCE 26-02 14 TCMD Signature Page to First Amendment to Consolidated, Amended and Restated Annexation and Development Agreement 4199881.74199881.9 TCMD: TRAER CREEK METROPOLITAN DISTRICT, a quasi-municipal corporation and political subdivision of the State of Colorado By: Name: Eric Applegate Title: President STATE OF COLORADO ) ) ss. COUNTY OF EAGLE ) The foregoing instrument was acknowledged before me this ____ day of _________, 2026, by Eric Applegate as President of TRAER CREEK METROPOLITAN DISTRICT, a quasi- municipal corporation and political subdivision of the State of Colorado. WITNESS my hand and official seal. My commission expires: ___________ Notary Public (SEAL) EXHIBIT C TO ORDINANCE 26-02 15 Master Landowner Signature Page to First Amendment to Consolidated, Amended and Restated Annexation and Development Agreement 4199881.74199881.9 MASTER LANDOWNER: TRAER CREEK LLC, a Colorado limited liability company By: Name: Marcus Lindholm Title: Manager STATE OF ____________ ) ) ss. COUNTY OF __________ ) The foregoing instrument was acknowledged before me this ____ day of _________, 2026, by Marcus Lindholm as Manager of TRAER CREEK LLC, a Colorado limited liability company. WITNESS my hand and official seal. My commission expires: ___________ Notary Public (SEAL) EXHIBIT C TO ORDINANCE 26-02 16 Master Landowner Signature Page to First Amendment to Consolidated, Amended and Restated Annexation and Development Agreement 4199881.74199881.9 MASTER LANDOWNER: EMD LIMITED LIABILITY COMPANY, a Colorado limited liability company By: Lava Corporation, a Colorado corporation, its Manager By: Name: Michael Lindholm Title: President STATE OF COLORADO ) ) ss. COUNTY OF EAGLE ) The foregoing instrument was acknowledged before me this ____ day of _________, 2026, by Michael Lindholm as President of Lava Corporation, a Colorado corporation, Manager of EMD LIMITED LIABILITY COMPANY, a Colorado limited liability company. WITNESS my hand and official seal. My commission expires: ___________ Notary Public (SEAL) EXHIBIT C TO ORDINANCE 26-02 Exhibit A Page 1 4199881.74199881.9 EXHIBIT A Legal Description of the Property WEST PARCEL Lot 1, Lot 2, Lot 3, Lot 4, Lot 5, Tract A, Tract B, Tract C, Tract D, Tract E, Tract F, Tract G and Tract H The Village (at Avon) Filing 2 according to the Final Plat of The Village (at Avon) Filing 2 recorded on May 28, 2002 at Reception No. 796831. STOLPORT Lot 2, Lot 3, Lot 4, Tract B and Tract E The Village (at Avon) Filing 1 According to the Final Plat The Village (at Avon) Filing 1 recorded on May 8, 2002 at Reception No. 795009. Lot 5, Lot 6, Tract A, Tract C, Tract D, Tract F and Tract G The Village (at Avon) Filing1 According to the Amended Final Plat The Village (at Avon) Filing 1 recorded November 18, 2004 at Reception No. 898173 Lot 2 and Lot 3 Amended Final Plat, The Village (at Avon) Filing 1 - A Resubdivision of Lot 1 According to the Second Amended Final Plat – Amended Final Plat, The Village (at Avon) Filing 1- A Resubdivision of Lot 1 recorded August 1, 2014 at Reception No. 201412782. Lot 7, Lot 8 and Tract H Amended Final Plat, The Village (at Avon) Filing 1 - A Resubdivision of Lot 1 According to the Third Amended Final Plat – Amended Final Plat, The Village (at Avon) Filing 1 - A Resubdivision of Lot 1 recorded August 15, 2019 at Reception No. 201913092. Lot 1, Lot 9, Tract H-1, Tract I and Tract F-1 Amended Final Plat, The Village (at Avon) Filing 1 - A Resubdivision of Lot 1 According to the Fourth Amended Final Plat – Amended Final Plat, The Village (at Avon) Filing 1 - A Resubdivision of Lot 1 recorded March 13, 2024 at Reception No. 202402670. Town of Avon Eagle County, Colorado SOUTH PARCEL A (North of Railroad right-of-way) That part of the NE 1/4 of Section 17, Township 5 South, Range 81 West of the Sixth Principal Meridian, Eagle County, Colorado, according to the Dependent Resurvey of said Township and Range, accepted November 1, 1943 by the Department of the Interior General Land Office in Washington, D.C., lying north of the Denver & Rio Grande Western Railroad right-of-way line, described as follows: Beginning at the N 1/4 corner of said Section 17; thence S89°23'36"E 526.76 feet, along the northerly line of said NE 1/4 of Section 17, to the northerly right-of-way line of the Denver & Rio Grande Western Railroad; thence, departing said northerly line of Section 17, the following two courses along the northerly EXHIBIT C TO ORDINANCE 26-02 Exhibit A Page 2 4199881.74199881.9 right-of-way line of the Denver & Rio Grande Western Railroad, said northerly right-of-way line being parallel with and 50 feet northerly of the centerline of the existing railroad tracks: (1) S80°36'27"W 267.66 feet; (2) 263.93 feet along the arc of a curve to the right, having a radius of 2486.03 feet, a central angle of 06°04'58", and a chord which bears S83°38'57"W 263.81 feet, to the westerly line of said NE 1/4 of Section 17; thence N00°20'55"W 78.44 feet, along said westerly line, to the point of beginning containing 0.53 acres, more or less. SOUTH PARCEL B (South of Railroad right-of-way) That part of the NE 1/4 of Section 17, Township 5 South, Range 81 West of the Sixth Principal Meridian, Eagle County, Colorado, according to the Dependent Resurvey of said Township and Range, accepted November 1, 1943 by the Department of the Interior General Land Office in Washington, D.C., lying south of the Denver & Rio Grande Western Railroad right-of-way line and north of the centerline of the Eagle River, described as follows: Beginning at the Northeast corner of said Section 17; thence S01°41'49"E 96.93 feet, along the easterly line of said Section 17, to the True Point of Beginning; thence, continuing along said easterly line, S01°41'49"E 73.07 feet, to the centerline of said Eagle River; thence the following four courses along said centerline (Filum aquce): (1) N89°24'49"W 1037.9 feet; (2) N86°07'49"W 472.00 feet; (3) N89°29'49"W 538.00 feet; (4) S82°33'11"W 595.15 feet, to the westerly line of said NE 1/4; thence N00°20'55"W 49.18 feet, along said westerly line to the southerly right-of-way line of the Denver & Rio Grande Western Railroad; thence, departing said westerly line of Section 17, the following five courses along the southerly right-of-way line of the Denver & Rio Grande Western Railroad, said southerly right-of-way line being parallel with and 50 feet southerly of the centerline of the existing railroad tracks: (1) 279.72 feet along the arc of a curve to the left, having a radius of 2586.03 feet, a central angle of 06°11'51", and a chord which bears N83°42'23"E 279.58 feet; (2) N80°36'27"E 350.86 feet; (3) 686.44 feet along the arc of a curve to the right, having a radius of 3171.27 feet, a central angle of 12°24'07", and a chord which bears N86°48'31"E 685.10 feet; (4) S86°59'25"E 1216.38 feet; (5) 112.54 feet along the arc of a curve to the right, having a radius of 2549.33 feet, a central angle of 02°31'46". and a chord which bears S85°43'31"E 112.53 feet, to the True Point of Beginning, containing 5.28 acres, more or less. TRACT M Those parts of Sections 8 and 9, Township 5 South, Range 81 West of the Sixth Principal Meridian, Eagle County, Colorado, according to the Dependent Resurvey of said Township and Range, accepted November 1, 1943, by the Department of the Interior General Land Office in Washington, D.C., described as a whole as follows: Beginning at the W 1/16 corner of said Section 9 and Section 16 of said Township and Range; thence N89°55'04"W 1371.96 feet, along the southerly line of said SW 1/4 SW 1/4 to the Section corner of said Sections 8, 9, and 16 and Section 17 of said Township and Range; thence N01°32'00"E 3.82 feet, along the westerly line of said Section 9, to the northerly right-of-way line of the Denver & Rio Grande Western Railroad, said northerly right-of-way line being parallel with and 50 feet northerly of the centerline of the existing railroad tracks; thence the following two courses along said northerly right-of-way line: (1) 104.48 feet along the arc of a curve to the left, having a radius of 2649.33 feet, a central angle of 02°15'34", and a chord which bears N85°51'36"W 104.47 feet; (2) N86°59'25"W 1213.28 feet, to the westerly line of the SE 1/4 SE 1/4 of said Section 8; thence N00°51'07"E 717.58 feet, along said westerly line; thence, departing said westerly line, S89°55'04"E 2698.45 feet, to the easterly line of the SW 1/4 SW 1/4 of said Section 9, thence, along said easterly line, S01°33'13"W 790.94 feet, to the point of beginning, containing 47.70 acres, more or less. EXHIBIT C TO ORDINANCE 26-02 Exhibit A Page 3 4199881.74199881.9 REVISED EAST PARCEL (Minus Tract M) Those parts of Sections 7, 8, 9 & 10, Township 5 South, Range 81 West of the Sixth Principal Meridian, Eagle County, Colorado, according to the Dependent Resurvey of said Township and Range, accepted November 1, 1943 by the Department of the Interior General Land Office in Washington, D.C., described as a whole as follows: Beginning at the Northwest corner of said Section 8; thence the following four courses along the northerly line of said Section 8: (1) N88°40'41"E 1379.49 feet, to the W 1/16 corner of said Section 8 and Section 5 of said Township and Range; (2) N88°40'41"E 1379.49 feet, to the 1/4 corner of said Sections 8 and 5; (3) N88°42'58"E 1385.36 feet, to the E 1/16 corner of said Sections 8 and 5; (4) N88°42'58"E 1385.36 feet, to the corner of said Sections 5, 8 and 9 and Section 4 of said Township and Range; thence the following four courses along the northerly line of said Section 9: (1) N83°29'30"E 1386.63 feet, to the W 1/16 corner of said Sections 9 and 4; (2) N83°29'30"E 1386.64 feet, to the 1/4 corner of said Sections 9 and 4; (3) N83°24'12"E 1386.30 feet, to the E 1/16 corner of said Sections 9 and 4; (4) N83°24'12"E 1386.30 feet, to the corner of said Sections 4, 9 and 10 and Section 3 of said Township and Range; thence the following two courses along the northerly line of said Section 10: (1) N86°39'24"E 1381.29 feet, to the W 1/16 corner of said Sections 10 and 3; (2) N86°39'24"E 1299.94 feet; thence, departing said northerly line, S01°34'07"W 2699.66 feet, to the east-west centerline of said Section 10; thence, along said east-west centerline, S86°32'23"W 1304.06 feet, to the W 1/16 corner of said Section 10; thence S01°32'50"W 1349.33 feet, along the easterly line of the NW 1/4 SW 1/4 of said Section 10, to the SW 1/16 corner of said Section 10; thence S86°32'47"W 1384.91 feet, along the southerly line of said NW 1/4 SW 1/4, to the S 1/16 corner of said Sections 10 and 9; thence S77°10'15"W 1413.37 feet, along the southerly line of the NE 1/4 SE 1/4 of said Section 9, to the SE 1/16 corner of said Section 9; thence S01°33'02"W 1475.32 feet, along the easterly line of the SW 1/4 SE 1/4 of said Section 9, to the E 1/16 corner of said Section 9 and Section 16 of said Township and Range; thence S72°20'31"W 1450.43 feet, along the southerly line of said SW 1/4 SE 1/4, to the 1/4 corner of said Sections 9 and 16; thence N01°34'18"E 1601.52 feet, to the CS 1/16 corner of said Section 9; thence S86°07'30"W 1378.19 feet, along the southerly line of the NE 1/4 SW 1/4 of said Section 9, to the SW 1/16 corner of said Section 9; thence S01°33'13"W 715.42 feet, along the easterly line of the SW 1/4 SW 1/4 of said Section 9; thence, departing said easterly line, N89°55'04"W 2698.45 feet, to the westerly line of the SE 1/4 SE 1/4 of said Section 8; thence N00°51'07"E 620.19 feet, along said westerly line, to the SE 1/16 corner of said Section 8; thence N89°54'54"W 1333.58 feet, along the southerly line of the NW 1/4 SE 1/4 of said Section 8, to the CS 1/16 corner of said Section 8; thence N89°58'35"W 1366.46 feet, along the southerly line of the NE 1/4 SW 1/4 of said Section 8, to the SW 1/16 corner of said Section 8; thence S00°01'37"E 919.47 feet, along the easterly line of the SW 1/4 SW 1/4 of said Section 8, to the northerly right-of-way line of Interstate Highway No. 70, as described in the deed recorded in Book 223 at Page 982 in the office of the Eagle County, Colorado, Clerk and Recorder; thence the following ten courses along said northerly right-of-way line: (1) N65°30'20"W 249.79 feet; (2) N78°47'50"W 317.2 feet; (3) N83°08'20"W 506.7 feet; (4) 772.2 feet along the arc of a curve to the right, having a radius of 1462.0 feet, a central angle of 30°15'52", and a chord which bears N54°57'56"W 763.3 feet; (5) N34°37'50"W 331.1 feet; (6) N34°44'20"W 368.5 feet; (7) 804.9 feet along the arc of a curve to the left, having a radius of 1812.0 feet, a central angle of 25°27'04", and a chord which bears N51°29'50"W 798.3 feet; (8) N68°24'50"W 399.7 feet; (9) N49°47'20"W 213.6 feet; (10) N70°20'50"W 765.1 feet, to the northerly line of the SE 1/4 of said Section 7; thence the following two courses along said northerly line: (1) N89°50'40"E 1194.46 feet, to the CE 1/16 corner of said Section 7; (2) N89°50'40"E 1378.25 feet, to the 1/4 corner of said Sections 7 and 8; thence the following two courses along the westerly line of said Section 8: (1) N00°10'53"W 1369.09 feet, to the S 1/16 corner of said Sections 7 and 8; thence N00°10'53"W 1369.10 feet, to the point of beginning, containing 1421.24 acres, more or less. EXHIBIT C TO ORDINANCE 26-02 Exhibit A Page 4 4199881.74199881.9 A PORTION OF WHICH “REVISED EAST PARCEL (Minus Tract M)” HAS BEEN PLATTED AND/OR REPLATTED AS: Tract A, Tract D, Tract E and Tract G The Village (at Avon) Filing 3 According to the Final Plat The Village (at Avon) Filing 3 recorded on June 29, 2004 at Reception No. 882176. Tract F The Village (at Avon) Filing 3 – A Reconfiguration of Tracts B and F According to the Amended Final Plat The Village (at Avon) Filing 3– A Reconfiguration of Tracts B and F recorded on May 9, 2007 at Reception No. 200712166. Block 2, Block 3, Block 4, Tract H-1, Tract H-2, Tract H-3, Tract I-1, Tract I-2, Tract I-3, Tract I- 4 and Road A Avon Landing, a Replat of Tract H - The Village (at Avon) Filing No. 3 According to the Final Plat Avon Landing, a Replat of Tract H - The Village (at Avon) Filing No. 3 recorded on September 3, 2015 at Reception No. 201516730. Tract I and Tract J The Village (at Avon) Filing 4 According to the Final Plat The Village (at Avon) Filing 4 recorded on March 27, 2015 at Reception No. 201505284. Tract B and Tract I Amended Final Plat Tracts B and I, The Village (at Avon) Filing 3, Second Amended Final Plat a Resubdivision of Tract B recorded on May 20, 2022, at Reception No. 202209167. Lot 1 and Lot 2, Outlot A and Outlot B Amended Final Plat, Stolport Station, A Replat of Block 1, Avon Landing, A Replat of Tract H, The Village (at Avon) Filing 3 recorded on November 5, 2021, at Reception No. 202125052. LESS AND EXCEPTING FROM THE ABOVE DESCRIBED REVISED EAST PARCEL (minus Tract M): Parcel Number: 1 as conveyed to the Department of Transportation, State of Colorado by Special Warranty Deed dated September 26, 2003, recorded October 6, 2003, at Reception No. 852794, which Parcel Number: 1 is depicted on the Final Plat, The Village (at Avon) Filing 3, recorded on June 29, 2004, at Reception No. 882176, which Parcel Number: 1 is noted on such plat as Tract C, NOT A PART OF THIS PLAT, 6.732 ACRES. EXHIBIT C TO ORDINANCE 26-02 Summary report: Litera Compare Cloud 11.15.0.57 Document comparison done on 3/12/2026 2:44:48 PM Style name: Default Style Intelligent Table Comparison: Active Original filename: First Amendment to CARADA.docx Modified filename: First Amendment to CARADA.docx Changes: Add 23 Delete 13 Move From 1 Move To 1 Table Insert 0 Table Delete 0 Table moves to 0 Table moves from 0 Embedded Graphics (Visio, ChemDraw, Images etc.)0 Embedded Excel 0 Format changes 0 Total Changes: 38 EXHIBIT C TO ORDINANCE 26-02 4199881.9 FIRST AMENDMENT TO CONSOLIDATED, AMENDED AND RESTATED ANNEXATION AND DEVELOPMENT AGREEMENT FOR THE VILLAGE (AT AVON) This FIRST AMENDMENT TO CONSOLIDATED, AMENDED AND RESTATED ANNEXATION AND DEVELOPMENT AGREEMENT FOR THE VILLAGE (AT AVON) (this “First Amendment”) is made as of [_______________, 2026] (“First Amendment Execution Date”), by and among the Town, TCMD, and Master Landowner. RECITALS This First Amendment is made with reference to the following facts: A. The Town, TCMD, and Master Landowner are parties to that certain Consolidated, Amended and Restated Annexation and Development Agreement for The Village (at Avon) Recorded on August 1, 2014 at Reception No. 201412777 (the “CARADA” and, together with and as amended by this First Amendment, the “Development Agreement”) which, among other things, creates vested property rights for the real property generally known as The Village (at Avon), and more particularly described and updated to reflect the Recording of various subdivision plats subsequent to the Execution Date of the Development Agreement and attached as Exhibit A to this First Amendment. B. Initially capitalized words and phrases used but not defined in this First Amendment have the meanings set forth in Exhibit F of the CARADA, which definitions are incorporated in this First Amendment. C. Pursuant to Sections 1.5 and 1.5(a) of the CARADA, the CARADA may be amended only in writing by the Town, TCMD, EMD, TCLLC (EMD and TCLLC being the Master Landowner as defined in this First Amendment) “and those additional parties, if any, to whom TCLLC or EMD has specifically granted, in writing, the power to enter into such amendments.” TCLLC and EMD have not granted the power to enter into amendments to any entity. D. Section 1.5 of the CARADA further provides that amendments to the CARADA require the written consent of the Limited Parties, VMD, and BNP in limited circumstances. Neither the circumstances requiring consent of the Limited Parties set forth in Section 1.5(b) of the CARADA nor the circumstances requiring the consent of VMD set forth in Section 1.5(c) of the CARADA apply to this First Amendment. The 2014 Reissue Documents were subsequently refinanced such that BNP is no longer an Intended Beneficiary and BNP’s written consent to an amendment to the CARADA is no longer required pursuant to Section 1.5(d) of the CARADA (and, pursuant to this First Amendment, BNP’s consent will not be required for any future amendment to the Development Agreement). E. Pursuant to Ordinance No. [_____________], Town Council approved the PUD Guide, which incorporates the PUD Master Plan, to implement certain amendments to the previously in effect versions concerning, among other matters, Planning Areas A, C, D, E, I, J, K, RMF-1, CH-1 and CH-2, the Community Housing Plan (as defined in the PUD Guide), and certain matters with respect to the operation of Short Term Rentals (as defined in the PUD Guide). EXHIBIT C TO ORDINANCE 26-02 2 4199881.9 F. In connection with the PUD Guide and PUD Master Plan approvals, the Town, TCMD, and Master Landowner wish to amend the CARADA to, among other things, modify certain provisions to conform with such amendments to the PUD Guide and PUD Master Plan and to extend the Vesting Term in accordance with the terms and conditions of this First Amendment. AGREEMENT NOW, THEREFORE, in consideration of the terms, conditions and covenants set forth in this First Amendment and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows: I. Incorporation of Recitals. The Recitals are incorporated into and made substantive provisions of this First Amendment. II. Amendments. Pursuant to this First Amendment, the CARADA is amended and restated, and the Development Agreement incorporates such amended and restated provisions to read, as follows: (A) Master Landowner. All references to “Master Developer” are deleted and replaced with a corresponding reference to “Master Landowner.” (B) Affiliated Landowner(s). All references to “Developer Affiliate(s)” are deleted and replaced with a corresponding reference to “Affiliated Landowner(s).” (C) BNP. All references to “BNP” are deleted. (D) Section 1.4(a) Vesting Term. Section 1.4(a) is amended and restated to read in its entirety as follows: (a) Vesting Term. Due to the size and phasing of the Project, the potential for development of the Project to be affected by economic and financial cycles, the effect of national and statewide markets with regard to retailers, accommodations industry and builders, and the limitation of absorption rates by the local market conditions, the Vesting Term is comprised of the Primary Vesting Term and the Mountainside Vesting Term, as follows: (i) Primary Vesting Term. The initial term of the Vested Property Rights for the Project and the Property shall continue through and include October 20, 2039 (“Primary Vesting Term”). (ii) Mountainside Vesting Term. Notwithstanding expiration of the Primary Vesting Term with respect to other areas within the Project, the term of the Vested Property Rights for Planning Areas K, RMF-1, and Block 3 may continue through and include October 20, 2059 (“Mountainside Vesting Term”), if Master Landowner or District (or designee) has funded an escrow account or other suitable financial instrument, for the Authority’s use, in an amount equal to Master Landowner’s proportionate share of the total estimated costs for the Authority to proceed to construct the water storage infrastructure within Planning Area K capable of serving East Avon Preserve’s (such property is labeled on the PUD Master Plan and generally described as Lot 1, Section: 8, EXHIBIT C TO ORDINANCE 26-02 3 4199881.9 Township: 5, Range: 81, Parcel No. 2103-083-00-007) northwestern corner pressure zone with potable water on or before the earlier to occur of: (I) October 20, 2039; and (II) subject to satisfaction of the prerequisites stated in Section 1.4(ii)(A), the one hundred eightieth (180th) day (or such later date as may be specified in the notice) after the date on which the Town delivers to Master Landowner written notice pursuant to Section 1.4(a)(ii)(A) requesting that Master Landowner (or District or designee) fund its proportionate share of the total estimated costs. (A) On or after October 20, 2036, the Town may deliver to Master Landowner written notice requesting that Master Landowner (or District or designee) fund its proportionate share of the total estimated costs described in Section 1.4(a)(ii); provided, however, that the Town certifies in such notice that it has satisfied each of the following conditions precedent: a) all Community Housing Units permitted in Planning Areas CH-1 and CH-2 either have been constructed or such construction has commenced and is being diligently pursued; b) the Town has obtained final, non-appealable approval of a site plan for development, and has secured funding for and is prepared to proceed with construction, of Community Housing Units in East Avon Preserve; and c) the Town has secured and is prepared to fund into escrow or other suitable financial instrument its proportionate share (as described in Section 1.4(a)(ii)(B)), simultaneously with Master Landowner (or District or designee) funding its proportionate share, of the total estimated costs for the Authority to proceed to construct the water storage infrastructure within Planning Area K required to serve development of the East Avon Preserve Community Housing Units. (B) Master Landowner ’s (or District or designee) and the Town’s respective proportionate shares of the total estimated costs described in Section 1.4(a)(ii) shall be based on their respective water service requirements for the type and number of units within their respective developments that are to be served by the water storage infrastructure the Authority constructs in Planning Area K. (C) If Master Landowner satisfies the condition precedent thereto as described in this Section 1.4(a)(ii), then the Mountainside Vesting Term shall automatically extend to continue through and include October 20, 2059, without the need for any further action by the Parties or an amendment to this Development Agreement. (iii) Expiration of Vesting Term. If the Term expires prior to expiration of the Vesting Term, the Vesting Term shall continue in full force and effect and shall EXHIBIT C TO ORDINANCE 26-02 4 4199881.9 survive expiration of the Term in accordance with and subject to the terms, conditions and limitations set forth in this Agreement. The Vested Property Rights shall be deemed terminated and of no further force or effect on, with respect to the Primary Vesting Term, October 21, 2039, and, with respect to the Mountainside Vesting Term, October 21, 2039 or October 21, 2059 (as applicable pursuant to Section 1.4(a)(iii)); provided, however, that such termination shall not affect: (A) annexation of the Property to the Town; (B) any common-law vested rights obtained prior to such termination; (C) any right arising from Town building permits, development approvals or other zoning entitlements for the Property or the Project which were granted or approved prior to expiration of such Vesting Term; or, (D) any obligation of a Party under this Development Agreement that has not been fully performed as of the date on which such Vesting Term expires. (E) Section 2.4 Vesting of Property Rights. The introductory paragraph of Section 2.4 is amended and restated in its entirety to read as follows (the remaining provisions under Section 2.4 being unaffected hereby): 2.4 Vesting of Property Rights. This Development Agreement ratifies the Vested Property Rights established by the Original Agreement and the Original PUD Guide (as subsequently extended) and, as described in Section 1.4(a), extends the term of such Vested Property Rights (including with respect to future amendments to any such Approved SSDP) through and including October 20, 2039, for the Primary Vesting Term, and October 20, 2039 or October 20, 2059 (as applicable pursuant to Section 1.4(a)(iii)), for the Mountainside Vesting Term. (F) Section 2.4(f) Vesting of Property Rights. Section 2.4(f) is amended and restated to read in its entirety as follows: (f) Notwithstanding any additional or contrary provision of the Municipal Code (as in effect from time to time), and notwithstanding any prior expiration of the Term, the Vesting Term with respect to the Development Plan and other Approved SSDPs (if any) shall not expire, be deemed forfeited, or otherwise limited or impaired prior to October 21, 2039, for the Primary Vesting Term, and October 21, 2039 or October 21, 2059 (as applicable pursuant to Section 1.4(a)(iii)), for the Mountainside Vesting Term. For the avoidance of doubt and notwithstanding any contrary provision of the Municipal Code (as in effect time to time), the scope of Vested Property Rights established by the Development Plan specifically includes the right that all amendments to the Development Plan or other Approved SSDPs (if any) approved by the Town shall be and remain vested through and including the last day of the Vesting Term, and includes the right to retain and enjoy the remaining period of the Vesting Term for any amendment to the Development Plan or other Approved SSDPs (if any). Accordingly, during the Vesting Term (and notwithstanding any prior expiration of the Term) Town Council (or other final decision-maker of the Town) shall not condition approval of any future amendment to the Development Plan or other EXHIBIT C TO ORDINANCE 26-02 5 4199881.9 Approved SSDPs (if any) on, nor shall Town Council (or other final decision-maker of the Town) make any such approval subject to the Applicant’s, Landowner’s or Master Landowner’s consent to, a reduction of the then-remaining Vesting Term. (G) Section 3.7(e) Community Housing Dedication. A new Section 3.7(e) is inserted to read in its entirety as follows: (e) Community Housing Dedications. Pursuant and subject to the PUD Guide, and as depicted in the PUD Master Plan, Master Landowner has caused the Dedication to the Town and the Town has acquired title to and granted Final Acceptance of the land within Planning Areas CH-1 and CH-2 for the Town’s intended use of such parcels as Community Housing Units to be owned, operated and managed by the Town. Master Landowner consents to the Town’s use of the land in Planning Areas CH-1 and CH-2 in accordance with the terms, conditions, requirements and restrictions set forth in the PUD Guide and this Section 3.7(e). (i) Planning Area CH-1. Planning Area CH-1 consists of: (1) Lot 8, Third Amended Final Plat, Amended Final Plat, The Village (at Avon) Filing 1, A Resubdivision of Lot 1, Recorded at Reception No. 2019013092, being an approximately 0.51-acre Site which previously was within Planning Area D; and (2) a portion of Lot 3, Second Amended Final Plat, Amended Final Plat, The Village (at Avon) Filing 1, A Resubdivision of Lot 1, Recorded at Reception No. 201412782, which Lot 3 was the 3.536-acre Site designated as Planning Area E and comprised that part of the School Site Dedication described in Section 3.7(a)(i)(A). The inclusion of that portion of Lot 3 described in the foregoing clause (2) shall not be construed as negating full satisfaction of the School Site Dedication described in Section 3.7(a)(i)(A) nor shall it be construed as increasing or otherwise modifying that portion of the School Site Dedication described in Section 3.7(a)(i)(B). The use restriction described in Section 3.7(a)(i)(A) shall not apply to the land within Planning Area CH-1, which land shall be subject to the restriction that it be used for the Town’s intended development of Community Housing Units to be owned, operated and managed by the Town in accordance with the terms, conditions, requirements and restrictions set forth in the PUD Guide and this Section 3.7(e). Following the First Amendment Effective Date, Traer Creek Holdings No. 1 LLC shall convey Lot 8, Third Amended Final Plat, Amended Final Plat, The Village (at Avon) Filing 1, A Resubdivision of Lot 1, Recorded at Reception No. 2019013092 to the Town by special warranty deed, in the form attached as Exhibit B to this Development Agreement. Such special warranty deed shall contain the use restriction contemplated by this Section 3.7(e)(i). (ii) Planning Area CH-2. Master Landowner previously caused conveyance of Lot 5, Final Plat, The Village (at Avon) Filing 1 to the Town, being an approximately 4.03-acre Site which previously comprised Planning Area PF-1 and was Dedicated to and granted Final Acceptance by the Town in satisfaction of the Public Works Dedication (as defined in the Original Agreement) obligation pursuant to Section 4.3 of the Original Agreement. The designation of Lot 5 as Planning Area CH-2 and the Town’s use thereof for development of Community Housing Units to be owned, operated and managed by the Town shall not be construed as negating full satisfaction of the Public Works Dedication obligation described in Section 4.3 of the Original Agreement nor shall it be EXHIBIT C TO ORDINANCE 26-02 6 4199881.9 construed as requiring any further land Dedications in satisfaction of the Public Works Dedication obligation. Said Lot 5 shall be subject to the restriction that it be used for the Town’s intended development of Community Housing Units to be owned, operated and managed by the Town in accordance with the terms, conditions, requirements and restrictions set forth in the PUD Guide and this Section 3.7(e). (H) Section 8.12 Notices. Section 8.12 is amended and restated to read in its entirety as follows: 8.12 Notices. All approvals, consents, notices, objections, and other communications (a “Notice” and, collectively, “Notices”) under this Development Agreement shall be in writing and shall be deemed properly given and received when personally delivered, or sent by overnight courier (such as UPS or FedEx), or by email (pdf), addressed to the respective Parties, Limited Parties or Intended Beneficiaries at their respective addresses as set forth below. Notices shall be deemed effective: (i) if personally delivered, when actually given and received; or (ii) if by overnight courier service, on the next business day following deposit with such courier service; or (iii) if by email (pdf), on the same day if sent before 5:00 P.M. Mountain Time, or on the next business day if sent after 5:00 P.M. Mountain Time. No Notices shall be sent via United States mail. All Notices shall be addressed as follows (or to such other address as may be subsequently specified by Notice given in accordance herewith): To the Town: Town of Avon 100 Mikaela Way Avon, Colorado 81620 Attention: Town Manager Telephone: (970) 748-4004 Email: eheil@avon.org With a required copy to: Town of Avon 100 Mikaela Way Avon, Colorado 81620 Attention: Town Attorney Telephone: (303) 376-8512 Email: nina@wwfdlaw.com To TCMD: Traer Creek Metropolitan District 2001 16th Street, Suite 1700 Denver, CO 80202 Attn: Denise Denslow, CliftonLarsonAllen LLP Telephone: (303) 779-5710 Email: denise.denslow@claconnect.com EXHIBIT C TO ORDINANCE 26-02 7 4199881.9 With a required copy to: Spencer Fane 1700 Lincoln Street, Suite 2000 Denver, Colorado 80203 Attn: David S. O’Leary Telephone: (303) 839-3952 Email: doleary@spencerfane.com To VMD: The Village Metropolitan District 2001 16th Street, Suite 1700 Denver, CO 80202 Attn: Denise Denslow, CliftonLarsonAllen LLP Telephone: (303) 779-5710 Email: denise.denslow@claconnect.com With a required copy to: Spencer Fane 1700 Lincoln Street, Suite 2000 Denver, Colorado 80203 Attn: David S. O’Leary Telephone: (303) 839-3952 Email: doleary@spencerfane.com To Master Landowner: Traer Creek LLC 0101 Fawcett Road, Suite 210 Avon, CO 81620 Attn: Marcus Lindholm, Manager Telephone: (970) 949-6776 Email: marcuslindholm@traercreek.com With required copies to: Traer Creek LLC 0101 Fawcett Road, Suite 210 Avon, CO 81620 Attn: Michael Lindholm Telephone: (970) 949-6776 Email: michaellindholm@traercreek.com And to: EXHIBIT C TO ORDINANCE 26-02 8 4199881.9 Otten, Johnson, Robinson, Neff & Ragonetti, P.C. 950 17th Street, Suite 1600 Denver, Colorado 80202 Attention: Munsey L. Ayers [270412-0004] Telephone: 303.825.8400 Email: munsey@ottenjohnson.com EMD Limited Liability Company c/o Lava Corporation 0101 Fawcett Road, Suite 210 Avon, CO 81620 Attn: Michael Lindholm, President Telephone: (970) 949-6776 Email: michaellindholm@traercreek.com With a required copy to: Otten, Johnson, Robinson, Neff & Ragonetti, P.C. 950 17th Street, Suite 1600 Denver, Colorado 80202 Attention: Munsey L. Ayers [270412-0004] Telephone: 303.825.8400 Email: munsey@ottenjohnson.com To the Limited Parties: Avon Urban Renewal Authority 100 Mikaela Way Avon, Colorado 81620 Attention: Town Manager Telephone: (970) 748-4004 Email: eheil@avon.org With a required copy to: Avon Urban Renewal Authority 100 Mikaela Way Avon, Colorado 81620 Attention: Town Attorney Telephone: (303) 376-8512 Email: nina@wwfdlaw.com The Village (at Avon) Mixed-Use Public Improvement Company 2001 16th Street, Suite 1700 Denver, CO 80202 Attn: Denise Denslow, CliftonLarsonAllen LLP Telephone: (303) 779-5710 Email: denise.denslow@claconnect.com EXHIBIT C TO ORDINANCE 26-02 9 4199881.9 With a required copy to: Otten, Johnson, Robinson, Neff & Ragonetti, P.C. 950 17th Street, Suite 1600 Denver, Colorado 80202 Attention: Munsey L. Ayers [270412-0004] Telephone: 303.825.8400 Email: munsey@ottenjohnson.com The Village (at Avon) Commercial Public Improvement Company 2001 16th Street, Suite 1700 Denver, CO 80202 Attn: Denise Denslow, CliftonLarsonAllen LLP Telephone: (303) 779-5710 Email: denise.denslow@claconnect.com With a required copy to: Otten, Johnson, Robinson, Neff & Ragonetti, P.C. 950 17th Street, Suite 1600 Denver, Colorado 80202 Attention: Munsey L. Ayers [270412-0004] Telephone: 303.825.8400 Email: munsey@ottenjohnson.com To the Intended Beneficiaries: Affiliated Landowners c/o Traer Creek LLC [Utilizing the Master Landowner contact and required copy information set forth above.] (I) Exhibit A Legal Description. Exhibit A is amended and replaced in its entirety with Exhibit A attached to this First Amendment. (J) Exhibit F Amended Defined Terms. Paragraphs 24, 45, 52, 54, 92, 93, and 129 of Exhibit F are amended and restated in their entirety to read as follows: 24. Block 3 means Block 3, Final Plat, Avon Landing, a Replat of Tract H, The Village (at Avon), Filing No. 3, Recorded on September 3, 2015, at Reception No. 201516730, such parcel being located within PA-J. 42. Design Review Guidelines means the sole and exclusive architectural design, landscape design, urban design and Site design and use standards applicable within the Property as set forth in The Village (at Avon) Design Review Guidelines with an effective date of November 16, 2022, together with any amendment(s) the Design Review Board may approve after providing notice thereof in accordance with Section 3.1, as prepared, approved and promulgated by the Design Review Board from time to time. EXHIBIT C TO ORDINANCE 26-02 10 4199881.9 44. Affiliated Landowner(s) means, individually or collectively as the context dictates, TC RP, TC Plaza, TC HD and TC WMT, together with any other entity with respect to which TCLLC or EMD is the managing member and which acquires title to any portion of the Property after the Execution Date. 45. Development Agreement means the Consolidated, Amended and Restated Annexation and Development Agreement for The Village (at Avon) Recorded on August 1, 2014, at Reception No. 201412777, as amended by this First Amendment. 52. Effective Date means August 1, 2014. 54. Execution Date means October 22, 2013. 66. Master Landowner means EMD (with respect to Planning Area I only) and TCLLC (in all other respects), which entities (or any successor entities), as more specifically described in Section 1.7, are designated and authorized to act on behalf of all Developer Affiliates. 92. PUD Master Plan means The Village (at Avon) P.U.D. Master Plan dated [_____________, 2026] attached as Exhibit B to the PUD Guide, as amended from time to time, which constitutes the approved sketch plan and master plan for development within the Property. 93. PUD Guide means The Village (at Avon) Third Amended and Restated PUD Guide (and all exhibits thereto, including but not limited to the PUD Master Plan) dated [_____________, 2026], as amended from time to time. 129. Vesting Term means the Primary Vesting Term and the Mountainside Vesting Term. (K) Exhibit F Additional Defined Terms. Exhibit F to the Development Agreement is amended to add the following: 28.1 CARADA has the meaning set forth in Recital A of the First Amendment. 29.1 Community Housing Units has the meaning set forth in the PUD Guide. 57.1 First Amendment means the First Amendment to the Consolidated, Amended and Restated Annexation and Development Agreement for The Village (at Avon). 57.2 First Amendment Effective Date means the date on which the First Amendment is Recorded. 57.3 First Amendment Execution Date has the meaning set forth in the initial paragraph of the First Amendment. 66.1 Mountainside Vesting Term has the meaning set forth in Section 1.4(a)(ii). 84.1 Primary Vesting Term has the meaning set forth in Section 1.4(a)(i). III. Authority to Amend; Vesting of Property Rights. In accordance with the terms and conditions of Section 1.5, the Town’s approval of this First Amendment is subject to the public EXHIBIT C TO ORDINANCE 26-02 11 4199881.9 notice and public hearing procedures that were required for approval of the CARADA. Because the Development Agreement constitutes a Site Specific Development Plan which establishes vested property rights pursuant to the Vested Property Rights Statute, and because this First Amendment is an amendment thereto, the Town shall adopt an ordinance approving this First Amendment and shall cause publication of the notice described in Section 24-68-103(1)(c) of the Vested Property Rights Statute. Pursuant to Section 7.16.140(d) of the Municipal Code: Approval of the Development Plan constitutes a vested property right pursuant to Article 68 of Title 24, C.R.S., as amended, and Title 7, Chapter 16, of the Avon Municipal Code as amended. IV. Effect of Amendment. Except as expressly modified by this First Amendment, the Development Agreement is unmodified, and is hereby ratified and affirmed, and shall remain in full force and effect in accordance with its terms. If there is any inconsistency between the terms of the Development Agreement and the terms of this First Amendment, the provisions of this First Amendment shall govern and control. V. Binding Effect. Upon Recording, this First Amendment shall inure to the benefit of and be binding upon the Parties, Limited Parties, and Affiliated Landowners. VI. Governing Law. This First Amendment shall be governed by and construed in accordance with the laws of the State of Colorado. VII. Counterparts. This First Amendment may be executed in one or more counterparts, each of which shall be deemed to be an original, and all such counterparts taken together shall constitute one and the same instrument. The electronic or pdf signature of any party on this First Amendment shall be deemed an original for all purposes. IN WITNESS WHEREOF, the Town, TCMD, and Master Landowner have executed this First Amendment as of the First Amendment Execution Date, with the intent that this First Amendment shall be legally binding on all Parties and legally attach to and encumber the Property upon the occurrence of the First Amendment Effective Date. [SIGNATURE AND EXHIBIT PAGES FOLLOW THIS PAGE] EXHIBIT C TO ORDINANCE 26-02 12 Town Signature Page to First Amendment to Consolidated, Amended and Restated Annexation and Development Agreement 4199881.9 TOWN: THE TOWN OF AVON, a home rule municipal corporation of the State of Colorado By: Name: Title: Approved as to legal form by: Nina Williams, Esq., Town Attorney STATE OF COLORADO ) ) ss. COUNTY OF EAGLE ) The foregoing instrument was acknowledged before me this ____ day of _________, 2026, by _____________________ as __________________ of THE TOWN OF AVON, a home rule municipal corporation of the State of Colorado. WITNESS my hand and official seal. My commission expires: ___________ Notary Public (SEAL) EXHIBIT C TO ORDINANCE 26-02 13 TCMD Signature Page to First Amendment to Consolidated, Amended and Restated Annexation and Development Agreement 4199881.9 TCMD: TRAER CREEK METROPOLITAN DISTRICT, a quasi-municipal corporation and political subdivision of the State of Colorado By: Name: Eric Applegate Title: President STATE OF COLORADO ) ) ss. COUNTY OF EAGLE ) The foregoing instrument was acknowledged before me this ____ day of _________, 2026, by Eric Applegate as President of TRAER CREEK METROPOLITAN DISTRICT, a quasi- municipal corporation and political subdivision of the State of Colorado. WITNESS my hand and official seal. My commission expires: ___________ Notary Public (SEAL) EXHIBIT C TO ORDINANCE 26-02 14 Master Landowner Signature Page to First Amendment to Consolidated, Amended and Restated Annexation and Development Agreement 4199881.9 MASTER LANDOWNER: TRAER CREEK LLC, a Colorado limited liability company By: Name: Marcus Lindholm Title: Manager STATE OF ____________ ) ) ss. COUNTY OF __________ ) The foregoing instrument was acknowledged before me this ____ day of _________, 2026, by Marcus Lindholm as Manager of TRAER CREEK LLC, a Colorado limited liability company. WITNESS my hand and official seal. My commission expires: ___________ Notary Public (SEAL) EXHIBIT C TO ORDINANCE 26-02 15 Master Landowner Signature Page to First Amendment to Consolidated, Amended and Restated Annexation and Development Agreement 4199881.9 MASTER LANDOWNER: EMD LIMITED LIABILITY COMPANY, a Colorado limited liability company By: Lava Corporation, a Colorado corporation, its Manager By: Name: Michael Lindholm Title: President STATE OF COLORADO ) ) ss. COUNTY OF EAGLE ) The foregoing instrument was acknowledged before me this ____ day of _________, 2026, by Michael Lindholm as President of Lava Corporation, a Colorado corporation, Manager of EMD LIMITED LIABILITY COMPANY, a Colorado limited liability company. WITNESS my hand and official seal. My commission expires: ___________ Notary Public (SEAL) EXHIBIT C TO ORDINANCE 26-02 Exhibit A Page 1 4199881.9 EXHIBIT A Legal Description of the Property WEST PARCEL Lot 1, Lot 2, Lot 3, Lot 4, Lot 5, Tract A, Tract B, Tract C, Tract D, Tract E, Tract F, Tract G and Tract H The Village (at Avon) Filing 2 according to the Final Plat of The Village (at Avon) Filing 2 recorded on May 28, 2002 at Reception No. 796831. STOLPORT Lot 2, Lot 3, Lot 4, Tract B and Tract E The Village (at Avon) Filing 1 According to the Final Plat The Village (at Avon) Filing 1 recorded on May 8, 2002 at Reception No. 795009. Lot 5, Lot 6, Tract A, Tract C, Tract D, Tract F and Tract G The Village (at Avon) Filing1 According to the Amended Final Plat The Village (at Avon) Filing 1 recorded November 18, 2004 at Reception No. 898173 Lot 2 and Lot 3 Amended Final Plat, The Village (at Avon) Filing 1 - A Resubdivision of Lot 1 According to the Second Amended Final Plat – Amended Final Plat, The Village (at Avon) Filing 1- A Resubdivision of Lot 1 recorded August 1, 2014 at Reception No. 201412782. Lot 7, Lot 8 and Tract H Amended Final Plat, The Village (at Avon) Filing 1 - A Resubdivision of Lot 1 According to the Third Amended Final Plat – Amended Final Plat, The Village (at Avon) Filing 1 - A Resubdivision of Lot 1 recorded August 15, 2019 at Reception No. 201913092. Lot 1, Lot 9, Tract H-1, Tract I and Tract F-1 Amended Final Plat, The Village (at Avon) Filing 1 - A Resubdivision of Lot 1 According to the Fourth Amended Final Plat – Amended Final Plat, The Village (at Avon) Filing 1 - A Resubdivision of Lot 1 recorded March 13, 2024 at Reception No. 202402670. Town of Avon Eagle County, Colorado SOUTH PARCEL A (North of Railroad right-of-way) That part of the NE 1/4 of Section 17, Township 5 South, Range 81 West of the Sixth Principal Meridian, Eagle County, Colorado, according to the Dependent Resurvey of said Township and Range, accepted November 1, 1943 by the Department of the Interior General Land Office in Washington, D.C., lying north of the Denver & Rio Grande Western Railroad right-of-way line, described as follows: Beginning at the N 1/4 corner of said Section 17; thence S89°23'36"E 526.76 feet, along the northerly line of said NE 1/4 of Section 17, to the northerly right-of-way line of the Denver & Rio Grande Western Railroad; thence, departing said northerly line of Section 17, the following two courses along the northerly EXHIBIT C TO ORDINANCE 26-02 Exhibit A Page 2 4199881.9 right-of-way line of the Denver & Rio Grande Western Railroad, said northerly right-of-way line being parallel with and 50 feet northerly of the centerline of the existing railroad tracks: (1) S80°36'27"W 267.66 feet; (2) 263.93 feet along the arc of a curve to the right, having a radius of 2486.03 feet, a central angle of 06°04'58", and a chord which bears S83°38'57"W 263.81 feet, to the westerly line of said NE 1/4 of Section 17; thence N00°20'55"W 78.44 feet, along said westerly line, to the point of beginning containing 0.53 acres, more or less. SOUTH PARCEL B (South of Railroad right-of-way) That part of the NE 1/4 of Section 17, Township 5 South, Range 81 West of the Sixth Principal Meridian, Eagle County, Colorado, according to the Dependent Resurvey of said Township and Range, accepted November 1, 1943 by the Department of the Interior General Land Office in Washington, D.C., lying south of the Denver & Rio Grande Western Railroad right-of-way line and north of the centerline of the Eagle River, described as follows: Beginning at the Northeast corner of said Section 17; thence S01°41'49"E 96.93 feet, along the easterly line of said Section 17, to the True Point of Beginning; thence, continuing along said easterly line, S01°41'49"E 73.07 feet, to the centerline of said Eagle River; thence the following four courses along said centerline (Filum aquce): (1) N89°24'49"W 1037.9 feet; (2) N86°07'49"W 472.00 feet; (3) N89°29'49"W 538.00 feet; (4) S82°33'11"W 595.15 feet, to the westerly line of said NE 1/4; thence N00°20'55"W 49.18 feet, along said westerly line to the southerly right-of-way line of the Denver & Rio Grande Western Railroad; thence, departing said westerly line of Section 17, the following five courses along the southerly right-of-way line of the Denver & Rio Grande Western Railroad, said southerly right-of-way line being parallel with and 50 feet southerly of the centerline of the existing railroad tracks: (1) 279.72 feet along the arc of a curve to the left, having a radius of 2586.03 feet, a central angle of 06°11'51", and a chord which bears N83°42'23"E 279.58 feet; (2) N80°36'27"E 350.86 feet; (3) 686.44 feet along the arc of a curve to the right, having a radius of 3171.27 feet, a central angle of 12°24'07", and a chord which bears N86°48'31"E 685.10 feet; (4) S86°59'25"E 1216.38 feet; (5) 112.54 feet along the arc of a curve to the right, having a radius of 2549.33 feet, a central angle of 02°31'46". and a chord which bears S85°43'31"E 112.53 feet, to the True Point of Beginning, containing 5.28 acres, more or less. TRACT M Those parts of Sections 8 and 9, Township 5 South, Range 81 West of the Sixth Principal Meridian, Eagle County, Colorado, according to the Dependent Resurvey of said Township and Range, accepted November 1, 1943, by the Department of the Interior General Land Office in Washington, D.C., described as a whole as follows: Beginning at the W 1/16 corner of said Section 9 and Section 16 of said Township and Range; thence N89°55'04"W 1371.96 feet, along the southerly line of said SW 1/4 SW 1/4 to the Section corner of said Sections 8, 9, and 16 and Section 17 of said Township and Range; thence N01°32'00"E 3.82 feet, along the westerly line of said Section 9, to the northerly right-of-way line of the Denver & Rio Grande Western Railroad, said northerly right-of-way line being parallel with and 50 feet northerly of the centerline of the existing railroad tracks; thence the following two courses along said northerly right-of-way line: (1) 104.48 feet along the arc of a curve to the left, having a radius of 2649.33 feet, a central angle of 02°15'34", and a chord which bears N85°51'36"W 104.47 feet; (2) N86°59'25"W 1213.28 feet, to the westerly line of the SE 1/4 SE 1/4 of said Section 8; thence N00°51'07"E 717.58 feet, along said westerly line; thence, departing said westerly line, S89°55'04"E 2698.45 feet, to the easterly line of the SW 1/4 SW 1/4 of said Section 9, thence, along said easterly line, S01°33'13"W 790.94 feet, to the point of beginning, containing 47.70 acres, more or less. EXHIBIT C TO ORDINANCE 26-02 Exhibit A Page 3 4199881.9 REVISED EAST PARCEL (Minus Tract M) Those parts of Sections 7, 8, 9 & 10, Township 5 South, Range 81 West of the Sixth Principal Meridian, Eagle County, Colorado, according to the Dependent Resurvey of said Township and Range, accepted November 1, 1943 by the Department of the Interior General Land Office in Washington, D.C., described as a whole as follows: Beginning at the Northwest corner of said Section 8; thence the following four courses along the northerly line of said Section 8: (1) N88°40'41"E 1379.49 feet, to the W 1/16 corner of said Section 8 and Section 5 of said Township and Range; (2) N88°40'41"E 1379.49 feet, to the 1/4 corner of said Sections 8 and 5; (3) N88°42'58"E 1385.36 feet, to the E 1/16 corner of said Sections 8 and 5; (4) N88°42'58"E 1385.36 feet, to the corner of said Sections 5, 8 and 9 and Section 4 of said Township and Range; thence the following four courses along the northerly line of said Section 9: (1) N83°29'30"E 1386.63 feet, to the W 1/16 corner of said Sections 9 and 4; (2) N83°29'30"E 1386.64 feet, to the 1/4 corner of said Sections 9 and 4; (3) N83°24'12"E 1386.30 feet, to the E 1/16 corner of said Sections 9 and 4; (4) N83°24'12"E 1386.30 feet, to the corner of said Sections 4, 9 and 10 and Section 3 of said Township and Range; thence the following two courses along the northerly line of said Section 10: (1) N86°39'24"E 1381.29 feet, to the W 1/16 corner of said Sections 10 and 3; (2) N86°39'24"E 1299.94 feet; thence, departing said northerly line, S01°34'07"W 2699.66 feet, to the east-west centerline of said Section 10; thence, along said east-west centerline, S86°32'23"W 1304.06 feet, to the W 1/16 corner of said Section 10; thence S01°32'50"W 1349.33 feet, along the easterly line of the NW 1/4 SW 1/4 of said Section 10, to the SW 1/16 corner of said Section 10; thence S86°32'47"W 1384.91 feet, along the southerly line of said NW 1/4 SW 1/4, to the S 1/16 corner of said Sections 10 and 9; thence S77°10'15"W 1413.37 feet, along the southerly line of the NE 1/4 SE 1/4 of said Section 9, to the SE 1/16 corner of said Section 9; thence S01°33'02"W 1475.32 feet, along the easterly line of the SW 1/4 SE 1/4 of said Section 9, to the E 1/16 corner of said Section 9 and Section 16 of said Township and Range; thence S72°20'31"W 1450.43 feet, along the southerly line of said SW 1/4 SE 1/4, to the 1/4 corner of said Sections 9 and 16; thence N01°34'18"E 1601.52 feet, to the CS 1/16 corner of said Section 9; thence S86°07'30"W 1378.19 feet, along the southerly line of the NE 1/4 SW 1/4 of said Section 9, to the SW 1/16 corner of said Section 9; thence S01°33'13"W 715.42 feet, along the easterly line of the SW 1/4 SW 1/4 of said Section 9; thence, departing said easterly line, N89°55'04"W 2698.45 feet, to the westerly line of the SE 1/4 SE 1/4 of said Section 8; thence N00°51'07"E 620.19 feet, along said westerly line, to the SE 1/16 corner of said Section 8; thence N89°54'54"W 1333.58 feet, along the southerly line of the NW 1/4 SE 1/4 of said Section 8, to the CS 1/16 corner of said Section 8; thence N89°58'35"W 1366.46 feet, along the southerly line of the NE 1/4 SW 1/4 of said Section 8, to the SW 1/16 corner of said Section 8; thence S00°01'37"E 919.47 feet, along the easterly line of the SW 1/4 SW 1/4 of said Section 8, to the northerly right-of-way line of Interstate Highway No. 70, as described in the deed recorded in Book 223 at Page 982 in the office of the Eagle County, Colorado, Clerk and Recorder; thence the following ten courses along said northerly right-of-way line: (1) N65°30'20"W 249.79 feet; (2) N78°47'50"W 317.2 feet; (3) N83°08'20"W 506.7 feet; (4) 772.2 feet along the arc of a curve to the right, having a radius of 1462.0 feet, a central angle of 30°15'52", and a chord which bears N54°57'56"W 763.3 feet; (5) N34°37'50"W 331.1 feet; (6) N34°44'20"W 368.5 feet; (7) 804.9 feet along the arc of a curve to the left, having a radius of 1812.0 feet, a central angle of 25°27'04", and a chord which bears N51°29'50"W 798.3 feet; (8) N68°24'50"W 399.7 feet; (9) N49°47'20"W 213.6 feet; (10) N70°20'50"W 765.1 feet, to the northerly line of the SE 1/4 of said Section 7; thence the following two courses along said northerly line: (1) N89°50'40"E 1194.46 feet, to the CE 1/16 corner of said Section 7; (2) N89°50'40"E 1378.25 feet, to the 1/4 corner of said Sections 7 and 8; thence the following two courses along the westerly line of said Section 8: (1) N00°10'53"W 1369.09 feet, to the S 1/16 corner of said Sections 7 and 8; thence N00°10'53"W 1369.10 feet, to the point of beginning, containing 1421.24 acres, more or less. EXHIBIT C TO ORDINANCE 26-02 Exhibit A Page 4 4199881.9 A PORTION OF WHICH “REVISED EAST PARCEL (Minus Tract M)” HAS BEEN PLATTED AND/OR REPLATTED AS: Tract A, Tract D, Tract E and Tract G The Village (at Avon) Filing 3 According to the Final Plat The Village (at Avon) Filing 3 recorded on June 29, 2004 at Reception No. 882176. Tract F The Village (at Avon) Filing 3 – A Reconfiguration of Tracts B and F According to the Amended Final Plat The Village (at Avon) Filing 3– A Reconfiguration of Tracts B and F recorded on May 9, 2007 at Reception No. 200712166. Block 2, Block 3, Block 4, Tract H-1, Tract H-2, Tract H-3, Tract I-1, Tract I-2, Tract I-3, Tract I- 4 and Road A Avon Landing, a Replat of Tract H - The Village (at Avon) Filing No. 3 According to the Final Plat Avon Landing, a Replat of Tract H - The Village (at Avon) Filing No. 3 recorded on September 3, 2015 at Reception No. 201516730. Tract I and Tract J The Village (at Avon) Filing 4 According to the Final Plat The Village (at Avon) Filing 4 recorded on March 27, 2015 at Reception No. 201505284. Tract B and Tract I Amended Final Plat Tracts B and I, The Village (at Avon) Filing 3, Second Amended Final Plat a Resubdivision of Tract B recorded on May 20, 2022, at Reception No. 202209167. Lot 1 and Lot 2, Outlot A and Outlot B Amended Final Plat, Stolport Station, A Replat of Block 1, Avon Landing, A Replat of Tract H, The Village (at Avon) Filing 3 recorded on November 5, 2021, at Reception No. 202125052. LESS AND EXCEPTING FROM THE ABOVE DESCRIBED REVISED EAST PARCEL (minus Tract M): Parcel Number: 1 as conveyed to the Department of Transportation, State of Colorado by Special Warranty Deed dated September 26, 2003, recorded October 6, 2003, at Reception No. 852794, which Parcel Number: 1 is depicted on the Final Plat, The Village (at Avon) Filing 3, recorded on June 29, 2004, at Reception No. 882176, which Parcel Number: 1 is noted on such plat as Tract C, NOT A PART OF THIS PLAT, 6.732 ACRES. EXHIBIT C TO ORDINANCE 26-02 From: To: Subject: Date: Bobby Banks Matt Pielsticker Public Hearing Notice Sent to adjacent property owners Tuesday, November 4, 2025 11:50:33 AM Dear Matt, As yours is the only email on the letter please accept and share my "2 cents" regarding the November 10th hearing. I would request that the planning and zoning or town council, whomever is in charge of the varience, require that 3 evergreen trees and 2 fast growing cotton less cottonwood trees, be planted and maintained for each unit in the complex that would require height increases or setback changes, with a minimum of (15) 8' minimum height trees planted along the back boundary of the properties. This should be a requirement for each parcel. Thank you for your consideration, Robert Bank ATTACHMENT C From: Craig Ferraro Sent: Friday, November 7, 2025 4:40 PM To: Matt Pielsticker Jena Skinner Subject: Village (at Avon) PUD Amendment Matt/Jena, Please forward this email to the members of the Avon Planning Zoning Commission. Thank you, Craig Members of the Avon Planning Zoning Commission, Thank you for your service to Avon and the Vail valley. This week you will hear a request for zoning modifications and a request for another extension of timing for Vested Property Rights. I urge you to reject this open ended and unnecessary request, Traer Creek should develop what has previously been agreed to upon the timeframe that has been more than adequate. A brief, incomplete history of the Village (at Avon) PUD and then some discussion on the three requests; additional density, additional height and additional time for their vested rights. HISTORY The PUD was approved in October 1998 after review and compromise on the development by the Town of Avon and its citizens. At that time the density, height and vesting period were agreed to, with a vesting period of 30 years being significantly longer than most PUD vesting periods granted in Colorado. This PUD required Traer Creek to provide affordable housing, significant community benefits and an annual Minimum Sales Tax Guarantee. Traer Creek, despite getting this favorable PUD, had no concrete development plan or any development knowledge. This resulted in an extremely slow development resulting in financial pressure on their metro district bonds. In 2010 Traer Creek quit paying the Minimum Sales Tax Guarantee resulting in lawsuits between Traer Creek and the Town of Avon. In 2014 the Town, looking to hopefully move the development forward, settled with Traer Creek. This settlement resulted in the Town giving up on significant community benefits and the Minimum Sales Tax ATTACHMENT C Guarantee as well as granting an 11-year extension of vesting rights, for a total of 41 years which is unheard of in Colorado. Despite this settlement Traer Creek still was not able to develop at any significant rate. As a point of reference, look at Eagle Ranch whose PUD was also approved in 1998, to see how a development should be done. This development was completed years ago with over 1,200 residential units, significant retail spaces and tax dollars, a public school, senior housing, medical center, golf course, bike and hiking trails, ice rink, etc. And the Town of Eagle did not give up any of the property or sales taxes to help with this development. So, here we are 27 years after the PUD approval, with Traer Creek asking for more height, wanting more density, more height and of course not wanting to actually develop so asking for another 20 years of development rights. We will look at each of these individually but nothing in the past suggests that Traer Creek now has the knowledge or financial wherewithal to actually develop anything and should not be granted these PUD amendments Additional Height The Town of Avon master plan calls for height in the center of Town with the maximum height decreasing as you move off of Avon Road. This has resulted in the Westin, Wyndham and Sheraton being 100 feet and then heights dropping from these. Now you are being asked to increase height in Planning area A from 55 feet to 60 feet and approve a 110 foot building (double the height currently agreed to) on the outskirts of our town center, completely changing the look and feel of the east side of Avon. From here Traer Creek is then asking that there be additional height in planning area C and D, going from 48 feet to 74 feet. The justification for this appears to be that you granted additional height on planning area A so why not give it to us on C and Das well. I do not see any justification to allow for this additional height and recommend that the commission deny this request. Additional Density Density and height were of significant concern for the Eaglebend neighborhood during the initial PUD agreement. For Planning area C and D, it was agreed to limit the density to 18 units per acre and height to 48 feet. Now, after 27 years, Traer Creek is asking to more than double the density and increase the height to 74 feet, over 50% taller .. This will totally change the feel for the area, exactly what the neighborhood feared 27 years ago. For reference, here is the Al generated response to "please describe a 18 unit per acre development versus as 40 unit per acre development". After reading this I don't see how anybody could claim that these differences are not significant and not at all what was agreed to in either the PUD or CARADA. 18 Units Per Acre {Medium Density) •Housing Types: This density is typically achieved with attached homes such as townhouses, duplexes, row houses, or walk-up style garden apartments, generally two to three stories in height. 2 ATTACHMENT C •Physical Appearance: Development at 18 units per acre can include a combination of surface and garage parking, and can still incorporate generous open space, private yards for each unit, recreational features, and protected natural areas. •Neighborhood Character: It provides a balance between individual private space and shared community amenities. The buildings are generally smaller in scale, fitting well into many suburban or semi-urban areas. •Infrastructure: This density requires less intensi ve infrastructure than 40 units per acre but still supports some community services and local transportation. 40 Units Per Acre (High Density) •Housing Types: This density is generally achie ved with multi-family apartment buildings or condominiums. These buildings can range from small walk-ups to mid-rise structures (4-10 stories) depending on the specific design and zoning height limits. •Physical Appearance: This density results in a much greater intensity of land use, w ith a higher floor-to-area ratio. There is significantly less private open space per unit, often replaced by shared public spaces, balconies, and possibly underground or structured parking. •Neighborhood Character: The environment is dist inctly more urban, with more people per acre, which can support a richer array of on-site and local servi ces, retail, and public transit options. •Infrastructure: It requires more robust infrastructure (utilities, roads, public transit) due to the higher concentration of residents. Specifically, the additional density request does not meet the criteria for a PUD amendment for criteria 5 or 6 and to suggest they do is an insult to the neighbors who worked with the developer to protect the look and feel of their neighborhood 27 years ago. There have been significant successful developments in the valley at 18 units per acre, Miller Ranch being an excellent example of such development. This is the type of development which would be great for Avon and the Vail Valley, we should not allow them to change from this development. I do not see any justification to allow for this density change and recommend that the commission deny this request. Vesting Rights Extension of 20 years A 41 year vesting rights time period is extreme, adding an additional 20 years is insane. No competent developer needs this amount of time, even if there are significant setbacks. If what the Town of Avon wants is additional housing built in the Valley allowing Traer Creek to delay for another 20 years will not achieve this goal. There is no need to make this extension now, let Traer Creek actually begin to develop the land north of 1-70 (as they said they would 25 years ago) and then decide if an extension is necessary. Bottom line, there is no compelling reason for the Traer Creek PUD amendment requests. Planning Area A can stay at 55 feet, with a special approval of an 80 foot building, Planning Area C and D can stay zoned as previously agreed to, and Traer Creek will have 14 years to complete the development that they received approval on 27 years ago. 3 ATTACHMENT C Sincerely, Craig Ferraro 4 ATTACHMENT C From: Walter Dandy Sent: Saturday, November 8, 2025 11:07 PM To: Matt Pielsticker Subject: new concessions for Traer Creek Thanks for the notice of the meeting on Nov. 10. I certainly want to be there. I am fascinated to learn why we would consider granting more height, smaller set backs, greater density, or extended vesting to the developers. I hope concern over quality of life in our town becomes a factor in the discussion. I reluctantly must complain that the map you furnished is difficult to learn from. It is tiny and the words are unreadable and there are no recognizable landmarks to work from. I can't tell what is north. Can't even make out the railway. Could you possibly email out a better map so the citizens might understand what is at stake? Do the creators of the notably dreadful Piedmont have the temerity to suggest we need more of any such wreckage to our environment? Sorry to sound so disappointed, but I am not feeling too dazzled by decision making in Avon since we moved in in 1993. Bigger may not always be better; greed not always good. I am resigning myself to the reality that we are putting 145 pre school children on the only site in Avon where they could possibly all die at once because of an existing hazard. And that is after it was rejected by Mayor Wolfe for a school site because of the high pressure interstate gas line surface facilities. He desperately wanted a school site, but he wanted his grandchildren to be safe. Matt, why do you think Traer Creek is so persistently generous with that parcel in fulfilling their obligations. It is infinitely more dangerous than the Camp Mystic site on the Guadalupe River. In any case, I applaud your effort in including a color map, but I would be grateful for an even more instructive one. Best regards, Walter Dandy ATTACHMENT C From: Mike and Monica Sent: Sunday, November 9, 2025 7:41 PM To: Matt Pielsticker; Jena Skinner; Mike Bahr Mike and Monica Subject: Opposition to the Traer Creek Village at Avon PUD Amendment Hello Matt and Jenna Please forward this email to the members of the Avon Planning Zoning Commission. Dear Members of the Avon Planning and Zoning Commission, We are writing to respectfully request that you deny the proposed Traer Creek Village at Avon PUD Amendment to increase height and density on the parcels located behind our home on Eaglebend Drive. As long-time locals of the valley, we felt incredibly fortunate when we purchased our dream home in 2016 in one of Avon's most peaceful and beautiful neighborhoods. The quiet character ofEaglebend Drive and the surrounding community was a major factor in our decision to settle here. Unfortunately, over the past several years, the tranquility of our neighborhood has been disrupted by continuous grading, regrading, and prolonged construction noise from nearby developments such as the Piedmont Apartments. The constant banging, sawing, and heavy equipment operations have gone on for months at a time, making it difficult to enjoy the peaceful environment we once cherished. We are deeply concerned about the proposal to extend the PUD term for another 20 years. It is discouraging to think that the neighborhood could face decades more of noise and construction impacts without relief. We hope for the opportunity to once again enjoy the peace and quiet that drew us to this community. When we purchased our borne, we understood that the Village at Avon plan allowed for buildings no taller than 48 feet on Parcels C and D. Even that height is substantial given that the land north of the railroad tracks sits significantly higher than our lot on Eaglebend Drive. Increasing the allowable height and density would have a serious and lasting impact on neighboring properties, views, and quality of life. Although we are unable to attend the hearing in person due to being out of town caring for an aging parent, please accept this letter as our formal opposition to the proposed PUD Amendment. We strongly urge the Commission to maintain the existing zoning parameters and protect the character and livability of our neighborhood. Thank you for your time and thoughtful consideration. Sincerely, Monica Horsch Bahr and Michael Bahr ATTACHMENT C From: Ian Bruce Sent: Monday, November 10, 2025 12:44 PM To: Matt Pielsticker Subject: Traer Creek Public Comment Members of Avon planning and zoning commission: My family and I have lived at 4040 Eaglebend B for almost 20 years. We are supportive of the Traer Creek development how it was approved by the existing PUD. We feel the request to increase the building height will negatively affect and is incompatible to our neighborhood. Please consider our request to deny the application. Thank you for your consideration, Kris and Ian Bruce Sent from my iPhone ATTACHMENT C From: Juergen Kliem Sent: Monday, November 10, 2025 12:10 PM To: Matt Pielsticker; Jena Skinner Cc: Karin Kliem ATTACHMENT F Subject: Urgent: Would you please forward our emai l in regards to the P & Z meeting today To all Members of the Avon Planning Zoning Commission, Thank you for your service to Avon and the Vail valley. Additional Height Traer Creek is asking that there be additional height in planning area C and D, going from 48 feet to 74 feet. No specific justification is provided to allow for th is additional height and therefore we recommend that the commission denies this request. Additional Density Density and height were of significant concern for the Eaglebend neighborhood during the initial PUD agreement. For Planning area C and D, it was agreed to limit the density to 18 units per acre and heigh t to 48 feet. Traer Creek is asking to more than double the density and increase the height to 74 feet, over 50% taller .. Both, Heigth and Density will totally change the look and feel for the area. Therefore we recommend to deny those changes in planning area C and D. Best Regards Juergen Kliem Karin Kliem ATTACHMENT C Nov. 10, 2025 Dear Planning and Zoning Commission, In 2014, I was one of many citizens who par ticipated in supporting the Town during the contentious former Amendment of the Traer Creek PUD. At the time, the Town and Traer Creek were embroiled in a law suit created when Traer Creek had stopped paying the Town the required tax monies per the initial agreements with the Town. Citizens sat through hours and hours and hours of public hearings, P & Z meetings, Town Council meetings, land use discussions, orator y from Traer Creeks attorney, bond sessions, BHP bank analysis, etc. These meetings lasted over many months. During that time certain land use density and height decisions were agreed upon between the the Town Council and Traer Creek and the citizens. Specifically, land use, density, and building height was of concern to residents living on the Valley floor. Much time was spent reaching compromises on the the amended agreement. Certain conditions were agreed to between the Town, Traer Creek and citizens. That said, it feels like we are being subected to a bait and switch. Things everyone agreeed to are being thrown out the window. The developer keeps coming back for more and more. What about the people of Avon who have been paying taxes to the Town for decades? Do we count? Specifically the changes to Parcel D have significant negative impacts on the residents of Eaglebend Drive. The land use and density on Parcel D was intentionally designed to provide a transition from detached homes to Traer Creek. It was designed to provide a variation in housing denisty and type as required by the review criteria. Please restore the agreed upon density, height and parcel boundaries. Please deny the Amended PUD. The amended PUD fails to comply with the following REVIEW CRITERIA. Criteria 1. Increased choice of living and housing\environments. Please Deny The PUD Amendments do exactly the opposite. By increasing the building heights to 60' and density on Parcel D from 18 per acre to 40 per acre, the PUD eliminates a less dense option for housing that could provide housing such as town homes or condos similar to Stone Bridge or Canyon Run for permanent residents. Not everyone wants to live in a 5-1 0 story apartment building. Criteria 4. Who knows if it complies? Facilities and services (including roads, and transportataion water , gas, electric, police, and fire as applicable) will be available to serve ATTACHMENT C the subject property. This is just not a matter of someone's opinion. Where are the numbers and studies showing how many people the development will produce on the Valley Floor? What additional police will be needed? Can the valley floor traffic circles handle the additional resident vehicles during high use times such as ski traffic in the morning and afternoon? Where are the ameded studies? 6. Does not comply. Please Deny. Compared to the underlying zoning, the PUD rezoning is not likely to result in significant adverse impacts in the vicinity of the subjec tract. The increased height and density will definitely cause adverse impacts on the homes on Eagle bend Drive: loss of views, light pollution, noise, and tall buildings looking into their homes and yards. 7. Does not comply. Please Deny. Future uses on the subject tract will be compatible in scale with uses or potential uses on other properties in the vicinity of the subject tract. The homes on Eaglebend Drive backing to the PUD Parcel D are approximately 30' high and are detached homes. 60' buidings sitting on higher ground with 40 per acre are not compatible. I have reviewed the Traer Creek PUD ammendments and CARDA to the extent possible over the past several days. The 284 page packet is a bit more than any normal citizen can synthyize in a few days time even though I spent several hours a day over four days reading and cross referencing . I am assuming (hoping) you all had a similar experience. I request that tonight's Public Hearing be continued and there be a second opportunity for input and information gathering after staff gives their presentation and citizens have a chance to speak and you have a chance to ask questions. There is so much here to understand and consider and until residents thorougly understand the information it is difficut to testify in a meaningful way. A recent press release from Traer Creek indicates this amendment has been in the works for three years. Did anyone during that time think to reach out the the neighborhoods whose homes immediately abut the Traer Creek Property? Bette Todd ATTACHMENT C i From: Amy Phillips Sent: Sunday, January 11, 2026 12:31 PM To: Council Everyone Group <council@avon.org> Subject: VAA PUD Amendment Thank you for considering this important Development Plan for Avon. I am currently in Denver and unable to attend Tuesday's meeting, but many of my neighbors on Eaglebend Drive will be present. Having participated in meetings prior to the original 11998 adoption, many of my concerns then still exist today. I have seen significant changes in Avon and Eagle County since 1998 and any updates to this PUD must embrace them. The developer's team effectively negotiated favorable terms for the original PUD, integrating the Village at Avon into the Town, and avoiding a competing community on this important tract of land. Since 1998, Avon has evolved from a community whose Town Core was a mix of struggling restaurants, timeshare properties, short term rental homes & townhomes and a limited service hotel into a thriving Resort Community with successful neighborhoods, a nationally recognized Award winning Resort Hotel and a diverse selection of thriving restaurants and other small businesses that support our outdoor mountain recreation economy. Through these years Avon has improved its development processes. The town's growth and increased property values have occurred independently of the VAA, and the VAA developers now seek to benefit from Avon's progress. I believe they could also benefit from the guidance of Avans sophisticated Development and Leadership teams. Development in PA-J is unlikely until additional water infrastructure is established, and the adjacent park on P3 will remain underutilized until then. Community housing in the East Avon Preserve also depends on future water infrastructure. It is important to consider when these areas should be developed and who will fund the necessary improvements. If delaying development on the north side of 1�70 for 10�25 years is acceptable, increased density on the valley floor is acceptable and should align with the standards of the 2025 Town of Avon. The proposed trade-off-greater density and building heights in PA-A, PA-C, and PA-D in exchange for two community housing entitlements-is reasonable. However, granting unlimited flexibility to the developer is not in the best interest of future residents. Increased flexibility should not result in a return to outdated standards. Recent staff reports highlight ongoing design and functionality issues with projects approved under previous guidelines. The Village at Avon must adhere to modern standards. Projects like Chapel Square and the Sheraton, approved under 1990's guidelines, have ongoing design and functionality issues. The recent staff report to Planning and Zoning on July 1. 2025, ATTACHMENT C highlights deficiencies in the "Whole Foods" lot and adjacent residential project demonstrating the current Avon Development Team's expertise in evaluating compliance with regulations. Many issues identified are reminiscent of standards popular in 1998. The Village at Avon in 2025 must do better. I recommend modernizing the approval process for development plans to leverage the sophistication of the current Avon Development Team. Changes requested in height and density for Planning Areas PA-A, PA-C, and PA-D should be approved as Special Review Use (SRU) on a project-by-project basis to ensure a diverse and well-designed Valley Floor. When updating this PUD, please recollect recent developments in Avon, such as RiverFront, BaseCamp, FrontGate, Kessler, and Hidden Valley Estates, and consider their heights and densities. PA-A is adjacent to existing commercial and could become a dynamic neighborhood with the right mix of hotels and higher density residential properties, and increased height may be appropriate to achieve a diversity of property sizes and styles, not unlike the existing RiverFront & FrontGate neighborhoods. PA-C & PA-D should be more diverse including town homes, duplexes and other property types that are desperately needed in all of the upper Eagle River Valley. While the existing 18 DU per acre may be too restrictive a blanket change to 40 DU per acre on the entire planning area would not provide the diversity of housing originally agreed to and currently needed. Neighborhoods similar to Base Camp, Kestrel & Hidden Valley Estates combined with ones like Canyon Run and Avon Crossing would provide a diversity of housing that create a dynamic Transit Oriented Mountain Resort Community. The future viability of developments on the Valley Floor will be dependent on views, and accessibility, along with economic changes that result from our evolving dependance on snow fall and other uncontrollable factors which will determine the timeline. I wholeheartedly endorse allowing any development on the Valley Floor to be eligible for community housing programs and for those units, as they develop, to count towards the original obligation, whose current triggers are no longer conceivable. I appreciate the developers interest to directly align Community Housing Standards at the VAA to mimic those in place in Avon. I also desire that as Avon modernizes its parking obligations to better align with the Transit Oriented community we are becoming, the VM Parking Guidelines evolve as well. Lastly, The STR regulations in the Village should align with the Town of Avon, using the regulations in PA-A to be the same as the Avon Town Core, while using the 15% per project in Planning Area PA-J that is used near Harry A. Nottingham park & Lake on the western side. In PA-C & PA-D the determination could be 15% with a Special Review Use to unlimited Avon Town Core standards on a project by project basis. As a resident of Eagle bend Neighborhood, these changes will not affect my property views as Piedmont and Bose are my northern view and my southern view is of the hillside above Eagle Vail. As a resident of Avon, the vitality and diversity of our community affect all of us. I am committed to supporting Avon's growth as a diverse, transit-oriented rural resort community. The proposed PUD updates will have a significant impact on Avon's future and more collaborative work with the Village at Avon will benefit everyone. Regards, 2 ATTACHMENT C Amy C Phillips Associate Broker Keller Williams Mountain Properties app.kw.KW2N473JS License: FA100047354 KWMP Broker Lie.: EA268801 3 ATTACHMENT C Brian Chimileski Commercial Broker MADISON OMMERCLAL PROPERTIES 1 From: Brian Chimileski Sent: Monday, January 12, 2026 12:12 PM To: mpielsticker@avon.com; Subject: PUD amendment pertaining to building heigh Hello Matt, I hope this email finds you well and you are getting after it on the skis or bike. As someone with experience in working in this valley, I am incredibly encouraged by the collaborative effort between the Town and Traer Creek on this PUD amendment. The success of projects like the Piedmont, Kestrel, and the new dual-brand hotels has already provided a clear boost to our existing business community. Specifically, the addition of rental housing has been a game-changer for local staffing, and the Bask will further strengthen that foundation. From a development standpoint, increasing the building height in Planning Area D from 48' to 60' is a logical step that allows for the high-quality products our community needs. Furthermore, the revenue generated by the Downtown Development Authority will create a powerful cycle of investment for future community housing. I fully support this joint application and urge the Council to approve it to continue the positive momentum on the valley floor. Please reach out if you have any questions. Best, Brian Chimileski ATTACHMENT C 1 From: Craig Ferraro Date: Monday, January 12, 2026 at 3:42 PM To: .c_oJ.mcil@avon. ocg <.c_o_u ncil@avo_ 11,_o_ap Subject: Traer Creek PUD Amendment Avon Town Council, This week you will begin your review of yet another re, quest from Traer Creek to amend their PUD. I hope you will be able to spend time on this request and fully appreciate the long-term implications of your decisions. I'd also request that you review the financial analysis of the CARADA agreement, where it is now evident that the citizens of Avon are directly subsidizing Traer Creek by $200,000 annually and most of our capital funds are going to support their development, all of this the result of a council not being able to foresee the long-term implications of their dedsions. I believe my email dated November 9th is a good analysis of the amendment request and hopefully you will have a chance to review it. I have heard that Traer Creek took exception to my comparison with Eagle Ranch since that development has also had PUD amendments. I'd suggest that those amendments allowed for development of a mixed residential community with various types of housing (for-sale at various price points, rental and senior), community retail, community services in health care and a school and community amenities with public access golf and significant open space and trails. There is landscaping and the various developers built housing that looks good and fits the environment. Eagle Ranch is additive to the Town of Eagle and is home to many young families. Unfortunately, we have little of that with The Village at Avon. We have gotten two big box retailers (one new, one relocated), a small amount of community retail, a hotel, gas station, and a significant amount of rental housing. None of it is distinctive or additive, just some run of the mill development that could be done anywhere in America. Now after 27 years there is a promise of a Whole Foods but only if we allow that developer to build a very large residential building (more market rate apartments or second homes since this will allow for short-term rentals). And since Traer Creek is amending the PUD they decided to ask for an upzoning of over 100%, from 18 to 40 units per acre in Planning Area C and D, more height and of course more time since one of the longest PUDs in Colorado needs more time to figure out how to complete a non-descript development. While I would like you to deny this application, I specifically would like you to deny the request for additional height and density in Planning Area C and D. Planning and zoning tried to address the height request (which is not changed in the application) but punted on denying the request to add density. They ATTACHMENT C justified this by saying setbacks and parking requirements would effectively limit the density on the valley floor. This is na"ive and a cop-out. If the idea is that Traer Creek won't be able to build to 40 units per acre, then why are they requesting it? All this does is allow them to build more non-descript apartments, adding little to the Town of Avon. Please review the differences between 18 units per acre and 40 units per acre that I laid out in my previous email and decide what you would like to see added to Avon in the future. Finally, to give Traer Creek an additional 20 years when we have no idea what they will build makes no sense. Another blanket extension is not needed at this time. If they come up with a plan and a definitive timeline, then an extension can be granted. They have 12 years to work on that, why grant 20 years now to let that development sit for another generation? In summation, I ask that you deny this amendment. llf you feel the request for the immediate development, Planning Area A, is one you can support then approve it and deny the additional height and upzoning of Planning Areas C and D, as well as the extension of time for the PUD. These items can be addressed once Traer Creek has a definitive plan for the sites and the community can weigh in on what they would like to develop. I appreciate your time on this very important matter. Craig Ferraro 2 ATTACHMENT C From: Shane Sorensen Sent: Monday, January 12, 2026 11:29 AM To: Council Everyone Group <council@avon.org> Subject: CHl building design Hello all, My name is Shane Sorensen. My wife and I own and live at 4883 Eagle bend Drive (next to Amy Phillips). We are concerned about the light and privacy impact of the potential community housing across the railroad tracks from us. We understand it's early in the design process, but having dealt with the light pollution from the Piedmont, we are worried that a 48' high building that close to us will very much affect our living situation. If possible, please consider limiting the building to three stories and also look at updating the lighting codes to limit the light pollution from this and all future projects. Thankyou for your attention Shane Sorensen ATTACHMENT C From: Miguel Jauregui Casanueva Sent: Tuesday, January 13, 2026 5:52 PM To: Matt Pielsticker _ lneke de Jong Cc: Eric Heil Subject: Public Comment Jennie Fancher Matt and lneke, From Mayor Pro Tern Carroll by text he received from Jennie Fancher: Rich, I am working until 8/8:30 and am unable to come to tonight's meeting. Not sure if you are having a work session or making a decision tonight but wanted to add my 2 cents.lam not a fan of increasing the height to 80 feet I don't really like the piecemeal architecture that's happening at the Village at Avon and I'm hoping for a more appealing design for the rest of what will be developed on the valley floor. If you have any negotiating, can you please negotiate for some design input/control? I am hopeful that there will be a more cohesive plan delivered on that whole area of the village at Avon. It would be great if it could really have appeal and create a sense of community and liveliness to that area of town. Finally, I am not a huge fan of adding more time to the development. Please share my thoughts with council. Thanks, Miguel Jauregui Casanueva Town Clerk ATTACHMENT C Sent: Tuesday, January 13, 2026 10:06 AM To: Council Everyone Group <council@avon.org> Subject: PUD Amendment Under Consideration In your considerations of the PUD amendment tonight, please make Avon's local community your priority. Most of its permanent residents are not paying attention to this amendment that could fundamentally change the character of our town. We rely on you as our elected representatives to protect our interests and preserve the "heart" of the valley. The appeal of Avon to those of us who call it home is also what attracts visitors, so avoid the pressures and distractions of potential revenue, regional leadership, and "inevitable" development and deny this amendment. Thanks for your service. Please consider reading these and other comments you receive into the record at the meeting tonight. Sarah Smith Hymes ATTACHMENT C 1/13/2026 Dear Avon Town Council Members, I am writing to voice my concerns about the Traer Creek PUD Amendment. I echo all of the concerns set forth in the letter sent by my husband, Craig Ferraro, several weeks ago, when P&Z was reviewing this application. We have spent the last few decades trying to fix the haphazard way that Avon initially developed and turn it into a well-planned community that stands the test of time. However, the Village at Avon has a knack for using the pressure of the moment to extract extraordinary concessions from the Town of Avon, to the detriment of our community. The 1998 approvals were overly lopsided to the benefit of Traer Creek because the Town Council was petrified about losing sales tax revenues from the old Walmart location. The 2012 Amendments to the Village at Avon added to the lopsided deal because the Town Council was worried about incurring further legal fees. The Town sued Traer Creek for not paying its bills for municipal services like police service and snowplowing. To settle the lawsuit, the Town agreed to incur the cost of those municipal services as well as asphalt overlays in the Village at Avon, in exchange for a small percentage of sales taxes. In a recent analysis by the Director of Finance, those municipal services currently cost the Town $189,000 per year more than the sales tax the Town receives from the Village at Avon, and that does not include any of the cost of asphalt overlays in the Village at Avon (such as $2.7M for Post Boulevard in 2027) or any share ofTown administrative overhead costs. (See Attachment Din your packet). Now the Village at Avon is using the issue of housing to pressure the Town Council into making further extraordinary concessions to the Villag e at Avon. Please don't further damage our Town for decades to come and give the Village at Avon continued carte blanc he, for such a small benefit. While housing seems critical now, hundreds of employ ee housing units are currently under construction in the Valley. Don't take the bait and overreact to this issue, as the Town has overreacted to other pressures in the past. The Avon Master Plan envisioned that building heights in Avon would peak in the West Town Center and gradually diminish as development radiated outward from there. The increased height requested by Traer Creek, particularly buildings on the hillside, will explode this goal. There is also insufficient benefit to the Town to extend Traer Creek's extraordinary exemptions from the Town's design review process and taxation. Very truly yours, Kristi Ferraro ATTACHMENT C January 13, 2026 To: Avon Town Council: RE: Traer Creek PUD Amendments Madam Mayor and members of the Avon Town Council, You and you alone are the ultimate decision makers of what develops in the Town of Avon; not the Town staff, or the Town Manager, or developers who come before you, but you. The residents of this town who pay taxes here, live here, bring up their families here, elected you to look out for the best interests of their families and our community. Everyone, even those living up the hill have a vested interest in what is happening with the Traer Creek PUD. It impacts all of our everyday lives, our safety, and what our Town will look like in the future. I have now attended two recent public hearings on the Traer Creek PUD amendments and spent countless hours reading through a vast array of documents. This is my third hearing in the past 3 months. Approximately 14 years ago, I thought the issues of the Traer Creek PUD were settled. After months of public hearings, closed door executive sessions and lawsuits, the Town and Traer Creek settled on a PUD and accompanying CARADA that fixed the zoning densities, heights, land use, and procedures for the development of Traer Creek. I, along with many other residents, participated as responsible citizens sitting through possibly hundreds of hours of these meetings. Now you are being asked to disregard all that and increase densities, heights, reduce setbacks, disrespect fire codes, throughout the PUD which will result in significant impacts to residents. For what? Because the Town wanted to accelerate the building of some community Housing Units? To date each time the Town negotiates with the developer, the Town gives up more and more. It's time to stop. Let me first address parcels C and D which sit in the heart of Traer Creek on the valley floor. Parcels D and C were of major concern to residents during the original hearings 14 years ago. The densities and heights on those parcels were intentionally designed to provide housing that would blend with the condominiums such as Canyon Run, Stone bridge, and the single-family homes on Eaglebend Drive already existing on the Valley floor. Those parcel's 48' height and 18 unit per acre densities were intended to provide a transition to the higher density near and in the Town core. What has changed? People still live on the valley floor; the transition is still needed and desired. Proposed buildings 60-72' high (5-7) stories require elevators and generally have inside corridors. This height and lack of density control will likely result in 5-7 story apartment buildings. Any projects like Greenbriar or Canyon Run or Stonebridge where people permanently live and own their own little piece of property are an unlikely result. Furthermore, parts of Parcel C sit at a ATTACHMENT C much higher elevation and increased height will make the structures appear higher than they are. Please retain the existin g height and density restri ctions on Parcels D and height restrictions on Parcel C. Parcel CH1: It appears the desire to build Community Housing on a small piece of Town land may be partly responsible for opening the door for drastic changes to the PUD. Community Housing is a noble idea and should be supported. However, instead of leaving the established height of 36' on this parcel, the Town is asking to raise the height to 48'. People live behind parcel CH1 and have lived there for decades in many cases. Why would the town do this to its own tax paying citizens? One extra floor of windows with lights shining into their homes; one extra floor of people looking into their backyards; blocking the view of the sky and the hills matters when you live in the mountains. Some people bought homes with the knowledge that height behind them was limited to 35'. It isn't even a developer making the changes. It is the Town doing this to their own citizens. The building height should be left at 35' and the Town build what it can and respect the current residents right to fully enjoy their property. With respect to the criteria in AMC 7 .16.060: The PUD fails to meet the following criteria. (iv) Facilities' and services including (roads and transportation , water, gas, police, fire protection and sewage and waste disposal, as applicable) will be available to serve the subject property while maintaining adequate levels of service to existing development; Please Deny No information regarding how many people this will add to the valley floor; or how many additional police are going to be needed to serve the Town seems to be available. What addit ional budget is needed to serve the increased density? What kind of stress will this put on the recreation center? While the developer claims this is a simple shift of density, can we assume he will come back for more from the places from which this density was shifted? (vi) Compared to the underlying zoning, the PUD rezoning is not likely to result in significant adverse impacts upon other property in the vicinity of the subject tract; Please Deny. In spite of the staff consistently stating that the increased heights and density is too far away to impact existing residents, there are already significant impacts from the Piedmont Apartments. The new density will be closer and greater than the existing apartments. The increased height and density will definitely have an impact on the homes on Eaglebend Drive. P & Z was unable to find this criterion was met and removed it from their findings. Please Deny (vii) Future uses on the subject tract will be compatible in scale with uses or potential uses on other properties in the vicinity of the subject tract. The proposed changes in height and density on Parcel Dare not compatible in scale with the homes ATTACHMENT C along Eagle bend Drive. The existing zoning is compatible. Furthermore, statements that because the uses are resident ial, they are compatible is concerning. I do not believe Parcel D is limited to residential uses. The current height and density somewhat ensure that it will be at least partly residential. What do we want our town to look like in the future. Are tall buildings covering the Valley floor your vision for the Town.? My greatest fear is that Avon will become a Town filled with high density apartment buildings. Eagle County Commissioner Tom Boyd was quoted in the Vail Dialy on November 25,2025 with respect to housing in Eagle County. "The principles of placemaking and ... building great communities, that we all want to live in ... should be a core aspect of this," said Eagle County commissioner Tom Boyd. "We aren't trying to just build units. We are trying to build homes where people will enjoy living, where they will meet their neighbors, where they will meet their future spouses, where they will play with their dogs and where they will enjoy this great community," Boyd said. Very wise words indeed. Will the PUD changes facilitate this? I think not. Over the past few years much focus has been placed on people who might come here someday. It is time to bring the focus back to people who make up the Town already. To that end let's improve their home values and lifestyle, not detract from what is already great. Where in this PUD are any recreational facilities? What about a gym where kids can take gymnastics or the Town can have a basketball l eague. How about a Jump Street or climbing wall? More restaurants? The request for extension for the building rights on the hillside is premature and can be accomplished any time up to six months from its termination. Let's see what evolves from the current building rights. Respectfully, Bette Todd ATTACHMENT C From: Amy Phillips Sent: Sunday, January 18, 2026 8:25 AM To: Council Everyone Group <council@avon.org> Subject: VAA PUD Amendment Thank you for a thorough and well-run meeting on January 13. I really appreciate the High Five recording that I was able to review yesterday. As a counselor, I value having enough time to read, review, and consider important topics before making decisions, which is why I am sending this email now. Based on new information and some reflection I have a few suggestions/requests in addition to those I shared with you last week. CH1 will become a Town asset and follow the standard TOA Design Review process. While flexibility in design is important to the Town of Avon, it's crucial to respect the concerns of Eagle bend Drive residents. The height limit on the homes on the northside of Eaglebend Drive, which is adjacent to the railroad right of way, is 35', and maintaining this height for all of CH1 would ensure consistency with the neighborhood. Although PA-F allows for a 48' height, the existing lot would allow for a rather tall and skinny building and expanding the lot with PA-E provides more options for community housing. To create a smooth transition from the Eaglebend neighborhood to the Village at Avon, the building's heights should not exceed 35', as anything taller would not be compatible with the adjacent homes and childcare center. Eaglebend Drive residents have supported Avon for decades, and their interests should be prioritized. I also propose you include updating the lighting standards for the Village at Avon to mimic the remainder of the Town of Avon. As some of you may be aware, the lighting trespass from Piedmont has a significant impact on its neighbors to the south on Eaglebend Drive. Construction moving forward, especially on CH-1, must not trespass into the neighbors homes on Eaglebend Drive. Most homes on Eaglebend Drive have the majority of their bedrooms on the north side of their home. Thank you again for your time. Respectfully, Amy C Phillips Associate Broker Keller Williams Mountain Properties ATTACHMENT C From: Sent: To: Subject: Chris Knight Thursday, January 22, 2026 11 :43 AM Matt Pielsticker; Council Everyone Group Joint Application between Traer Creek and Town of Avon To the Mayor and Town Council and Community Development: As a local business leader in the valley, I understand the importance of strong community planning and development and am hearing positive opportunities related to the Joint Application between the Town and Traer Creek. I've heard that there may be an opportunity to obtain 60-70 units in worker housing within the expanded Village core if the team can come to an agreement on development terms, heights and density. Based on my limited understanding of previous opportunities at Slopeside, this could be a great opportunity to greatly reduce risk and cost associated with developing community housing on a more favorable site and location especially since this is being done in conjunction with all the other work in this immediate area. Couple this with a TIF strategy and it sounds like there is a strong opportunity to develop the village further in a more sustainable way. Thanks for your consideration and best wishes in seeing this vision become a reality. Sincerely, CK CHRIS KNIGHT Se nior Director, Project Management X cumming-group.com The information contained in this electronic message is confidential. If the reader of this message is not the intended recipient, you are hereby notified that any use, dissemination, distribution or reproduction of this communication is strictly prohibited. If you have received this communication in error, please delete it immediately and please advise the sender. Cumming Group is a registered brand name for Cumming Management Group, Inc. ATTACHMENT C From: Craig Ferraro Date: January 24, 2026 at 6:38:03 PM MST To: Council Everyone Group <council@avon.org> Subject: Traer Creek PUD Amendment Avon Town Council, As a continuation of your review of the requested amendment to the Traer Creek PUD, I wanted to weigh in on some of the analysis given in Eric Heil's memo dated January 21, 2026, and additional information provided in the powerpoint presentation. Community Housing 1 As with much of this amendment, the request for additional height on CH1 is not based on any design, but only on a feel that 12 units per floor can be built and an attitude that "more is better". This additional height would be at the detriment of homeowners on Eaglebend will be negatively impacted by a large condominium building towering over them. There is no need, or really any rationale to harm current residents, almost all of whom are local employees, whose small homes are some of the most affordable single-family housing in the Vail Valley. There are no plans, or funds, f'or this project. I suggest that you set the height at 36 feet for the entire parcel, or leave this parcel zoned for educational purposes until a more definitive design, and funds for that design, can be identified. Short-Term Rental Always a contentious topic but a few items should be noted. If the council's desire is to help encourage housing for locals, then unlimited short-term rentals are not helpful. It leads to more second homeowners who can pay more for the units and supplement their purchase through short-term rentals (Eric's estimate of $80,000 per year). Taxes generated by these rentals ($8,000 per year) will go to Traer Creek and not to the Town of Avon. Meanwhile, the Town will feel obligated to create housing for the additional employees needed to service these units. I suggest that Council agree to allow short­ term rentals in Planning Area A, but not in Planning Areas C, D & J. Height and Density I'm beating a dead horse here, but I have to raise the issue once more. Thankfully we have some more images to help us understand what is being proposed. ATTACHMENT C Look at the picture of Chapel Square (page 53) and the height of its peak at 83 feet. Now imagine that the whole of Chapel Square was 27 feet taller (along the entirety of what is now shown at 53-59 feet). What is being proposed for Planning Area A will be an enormous, very tall building which will dominate the area and be over 50 feet taller than Chapel Square. And please take a drive on Post Boulevard and look at the Bose apartments under construction which dominate the area. These are not as tall as what is proposed for Planning Area C&D. In addition, these apartments are in Planning Area F, which has a density of 22 units/acre, which is significantly less than the proposed 40 units/acre proposed for Planning Area C&D. I suggest that you deny the amendment to increase height on Planning Area A and height/density on Planning Areas C&D, leaving them at 48 feet and 18 units/acre. I appreciate your time on this very important matter. Craig Ferraro 2 ATTACHMENT C From: Susan Sent: Sunday, January 25, 2026 9:39 PM To: Council Everyone Group <council@avon.org> Subject: Traer Creek request for PUD amendments Dear Council members, Thank you for your continued dedication and service to our wonderful community. I wish to express my firm opposition to any amendments which would permit increases in height, density or time allowances at the Village at Avon above and beyond the existing parameters. Sincerely, Susan Wilke Gruber ATTACHMENT C DearTown Council, I appreciate that you are tak ing the time necessary to fully consider all aspects of the Village at Avon PUD Amendment. I continue to be concerned that there are many unintended consequences of approving the Amendment. For example, the Town's financial analysis assumes that increased development will increase revenues that the Village at Avon contributes to the Town. I'd like to remind the Town Council, that the financial assumptions at the time of the CARADA also contemplated that increased development and the resulting revenues would cover the Town's costs. As you can see from the current financial analysis, those assumptions were overly optimistic ... by a lot. Based on these unrealistic predictions, the Town Council approved the CARADA, and now the Town of Avon taxpayers subsidize the Village at Avon to the tune of $189,000 a year, plus capital outlays ($4.75 million in planned in just the next three years). I would recommend asking Paul Redmond to prepare a sensitivity analysis, showing the financial outcomes resulting from several different levels of development and revenue at the Village at Avon. This is especially necessary, since the Village at Avon has a proven track record of underperformance. I also want to remind the Town Council that Whole Foods and other businesses in the Village at Avon will likely cannibalize the sales at City Market and other Avon busi nesses. The Town's financial analysis should contemplate that sales taxes paid to the Town of Avon by existing businesses, will likely be reduced for a number of years, by Whole Foods and other busi nesses that open in the Village at Avon. It also seems nonsensical that the 1996 Comprehensive Plan, which is already almost 30 years old, is the Plan that applies to The Village at Avon, and is the plan that will continue to apply to any extensions of the vesting period that the Town grants. It is time to bri ng the Village at Avon into the 21 st Century, and to make it consistent with the Town's current plans and regulations. I am very skeptical of granting any significant amendments to the Village at Avon unless there are significant and definite benefits for the Town of Avon. The Village at Avon has been a liability to the Town of Avon and its taxpayers for 30 years, not to mention the harm it has caused to the water authority and the minimal property taxes it has paid to Eagle County as "agricultural property". I would suggest that you refrain from increasing or extending that liability unless you are certain that the benefits to the Town will go a long way toward removing the albatross that has hung around the neck of this community over the past 27 years. Very truly you rs, Kristi Ferraro ATTACHMENT C 1 From: Amy Phillips Date: January 25, 2026 at 9:56:44 AM MST To: Council Everyone Group <council@avon.org> Subject: VAA PUD Amendment Comments Council Members, the Village at Avon PUD Amendment may be the most consequential legislative action you will face during your tenure. I appreciate that Town Staff has presented the packet in a clear, digestible format and outlined the 18 decision points to facilitate a thorough and straightforward process. Please take as much time as you need to make this decision. I will focus my comments on four key points. Many I do not comment on relate to clarifying negotiated items from the 2013 CARADA, which resulted in a PUD amendment signed on October 13, 2013. One important lesson I learned while serving in the Council is the value of understanding your fellow Councilors, especially during executive sessions. As someone who participated in the CARADA agreement that led to this PUD amendment, I'd like to share my perspective on why I voted in favor of the agreement on June 26, 2012. The issues began when the metro district stopped paying portions of the municipal services bill around 2007. By 2008, the balance sheet showed a deficit, regardless of how the Asphalt Overlay fund was interpreted. Under Mayor Ron Wolf's leadership, the Council filed in District Court Case #2008 CV 0385 against the district for non-payment of services. Subsequently, a second lawsuit, Case 201 O CV 316, was filed between Avon and Traer Creek LLC. Between July 2010 and April 2012, the Council held numerous executive sessions for legal advice (CS 24-6-402(4)(b)), first under Mayor Ron Wolf (5) and then under Mayor Rich Carroll (20). It is my recollection that as the judge filed his reports Avon was usually on the losing side of the arguments and a settlement may be in the best interest of the Town and its residents. Ultimately, in April 2012, the Council directed staff and legal counsel to present the proposed agreement in public hearings. The first public discussion of the CARADA was on June 12, 2012. It was approved in a split vote on June 26, 2012. I reluctantly voted Yay. In 2012, as the economy began recovering from the recession, property values remained low following the 2008 downturn. While sales tax revenue and occupancy rates had ATTACHMENT C improved, staff wage freezes persisted. Several essential services for our workforce, including transit funding, faced potential reductions. I was firmly opposed to any cuts or elimination of bus service, especially to Buffalo Ridge. Continuing to fund the legal defense which ballooned Avon's legal fees to almost $1,000,000 in 201 O was not sustainable. I do not wish it on any Council to endure a process that is painful and lengthy as the CARADA was. The financial cost to the Town of Avon was not sustainable. Now to my points: Point 2: CH1 Height and Density Thank you for the informative narrative in Attachment A. To clarify, my previous reference to PA-E was incorrect; PA-F is the existing use by right. The PA-F portion is relatively small and combining it with PA-Eis a logical approach for development. I do not support a 48-foot building height on a one-acre residential parcel in Avon, particularly adjacent to 35' high homes and a 35' high childcare facility. Concerns regarding green space should be addressed during the Avon and VAA Design Review processes, which will provide opportunities for public input as this is a joint TOA and Habitat project. While I support Habitat's development, the concerns of Eagle Bend's adjacent north-side residents should be given significant consideration. I propose a fifth option: Approve CH1 with a 35-foot height by right, and allow a 48-foot height only through special review. This approach enables the Town of Avon and Habitat for Humanity to further develop an appropriate project, subject to the TOA and VAA design review process. Point 5: Short Term Rental PA-A, C, D & J As previously stated, it is my preference that STR be formalized in this document to avoid future disagreements. I Support the addition of the STR overlay for these 4 planning areas. I disagree with the Staff recommendation to allow unlimited STR on all 4 planning areas. The Staff recommendation is based on a projection of $1,500/SF. I do not see any data to generate that speculation. While there may be a development similar to the Westin Riverfront, it will not be connected by Gondola to one of the bases of Beaver Creek and therefore should not be used as a Comparable Development to what will occur on PA-C, PA-D and PA-J. The most recently developed comps, in my opinion are the Kestrel with 2 properties closed in the past year for $1153/SF-$1246/SF, Frontgate with 9 properties closed in the past year for $1058/SF - $1700/SF and and BaseCamp with 4 properties closed in the past 2 years at prices from $1228/SF - $145 2/SF. These statistics are from the Vail MLS, of which I am a member. It is impossible to predict what the Real Estate market will do for the next 5-10 years, however all indicators are that the crazy per SF increases from 2020-2023 have flattened if not declined. I understand that $1,000-$1,200 is still expensive, I also believe that Avon will 2 ATTACHMENT C be a better place if the mix of owners were a mix of Affluent Retirees, Active Weekend Residents and Fulltime Professionals, many of whom prefer not to be overrun by STR customers. I find that Unlimited STR is appropriate on PA-A. On PA-C & D please consider Limited STR (15% on a complex-by-complex basis) to be a use by right with an SRU for the Unlimited use. On PA-J consider a Limited Use STR (15% Limited use on a project by project basis) as the PA-J neighborhood should not become yet another town core dependent on Short-term visitors within the town of Avon. I understand the Dual Brand hotel is adjacent, however it also markets to and is attractive to longer weekly and seasonal stays than a typical hotel. I understand this puts a burden on the staff, however I believe the benefit to the community outweighs that cost. Point 11 & 14: Density increases for PA-C & PA-D I agree that height and setbacks to some degree limit the density, these 2 Planning Areas will define the middle of the Village at Avon, which is already high density on the East and West sides of the PUD Valley floor and these Planning Areas are immediately adjacent to a very successful Residential Neighborhood known as the Eaglebend Neighborhood. These sections should provide a variety of housing options as continuing to allow more For Rent High-Density complexes do not provide the variety our Residents, part-time and full-time, desire. I attended the P & Z meetings and this topic was only touched on by the board. I did not press the board regarding this, which in hindsight I should have. I would have preferred that like they did with t he SRU for Height increases, they could have recommended that Density increases should be treated as an SRU. The Comp Plan (Attachment E) that the CARADA refers to was already a stale document updated specifically to accommodate the original PUD when the original PUD was passed in 1998. Subsequent to the passage of the Village PUD A years-long process to update the Avon Comp Plan commenced. By using the SRU process for density in these 2 planning areas the Town of Avon P&Z can evaluate projects on a Lot by Lot basis to determine if the specific project will meet the need for diversity at the time the development is undertaken. The Town of Avon is significantly more sophisticated as a planning organization than it was back in 1998 and the Success of the VAA should take advantage of that. I understand the building costs are significantly more than when Canyon Run, Avon Crossing and the homes and duplexes along Eaglebend Drive were built. I also know that there are many residents of Eagle County whose kids are grown and would love to sell a large sprawling home to move to a property that is new with less maintenance and modern accessibility to accommodate their needs as they age, without having to move out of the Eagle River Valley that they know and love. Only the Village at Avon offers true proximity and frequent transit access to both of our ski resorts - an advantage that simply doesn't exist in Singletree, Wildridge, Eagle, Eagle Ranch, or upper Homestead. 3 ATTACHMENT C Thank you for your time and attention to my suggestions and requests. Amy C Phillips Associate Broker Keller Williams Mountain Properties 4 ATTACHMENT C 1 From: Mike and Monica Sent: Monday, January 26, 2026 4:15 PM To: Matt Pielsticker <mpielsticker@avon.org> Subject: Letter for Avon town council Hi Matt Can you forward this letter to the town council for the meeting tomorrow please? Dear Mayor and Members oftbe Avon Town Council, We are writing to formally express our opposition to the proposed Community Housing (CH-I) development planned directly behind our home on Eaglebend Drive. Please reconsider the decision to allow increased density and building height in such close proximity to what has long been considered one of the nicest residential neighborhoods in Avon proper. A dense community housing project immediately adjacent to Eaglebend drive would significantly diminish our property value and negatively impact our quality of life. The introduction of a large, high-density development would inevitably bring increased light and noise pollution, loss of privacy, and a dramatic change to the character of our neighborhood. These impacts are serious enough that we would be forced to consider leaving our home and, potentially, Eagle County altogether. We are long-time locals who have lived in the Avon/Edwards areas for many years and in our home on Eaglebend drive since 2016. We have both worked for local companies, and Mike dedicated over 30 years of bis career to Vail Resorts. We are good neighbors, active community members, and tax-paying residents who purchased our home with the expectation that it would be our forever home. We felt fortunate to live in what has been widely known as one of Avon's most desirable neighborhoods. The proposed CH-1 development, as currently envisioned, would fundamentally alter the look, feel, and livabj)ity of this area. A densely populated, multi-story housing project rising up to 48 feet tall on a relatively small 1.2-acre site with up to 36 units is entirely out of scale with the surrounding homes along Eaglebend drive. The current visual materials provided do not adequately illustrate the true scale and proximity of the proposed buildings to existing homes on the north side of Eaglebend drive. An accurate, to-scale representation showing the relationship between the proposed CH-1 buildings and the homes along the north side of Eaglebend drive would clearly demonstrate how imposing a 48-foot-tall structure would be at such close range. We strongly believe that additional three-dimensional studies are necessary for the community and decision-makers to fully understand the real impacts of this proposal. We respectfully ask the Council to consider why it would choose to sacrifice one of Avon's most established and desirable residential neighborhoods-potentially displacing long-time, tax-paying locals-in order to maximize density at this particular location. While we understand the need for community housing, placing a ATTACHMENT C high-density project immediately adjacent to existing single-family homes is not appropriate planning and does not reflect thoughtful or balanced growth. We moved to the Avon area for its character, scale, and quality oflife-not for high-rise bujldings and densely populated developments pressed up against established neighborhoods. After witnessing years of rapid construction and change, it is deeply saddening to see our town moving in a direction that feels increasingly disconnected from the values that once defined it. We urge the Town Council to reconsider the height, density, and placement of the proposed CH-1 development and to explore alternative solutions that meet housing needs without irreversibly damaging existing neighborhoods. Thank you for your time, consideration, and service to the Avon community. Thank you Michael and Monica Bahr 2 ATTACHMENT C From: Pat Nolan Sent: Monday, January 26, 2026 3:10 PM To: Council Everyone Group <council@avon.org> Subject: my opinion Attention Avon Town Council members, I wish to express my firm opposition to any amendments which would permit increases in height, density or time allowances in the Village at Avon, that are above and beyond the existing parameters. Thank you for listening as you consider your next steps! Pat Nolan ATTACHMENT C •Public-Private Partnership: This initiative exempl ifies a unique and effective partnership that will move Avon forward responsibly and sustainably. •Community Housing Commitment: The amendments prioritize addressing Avon's housing needs through land donations and alignment with the Town's administrative policies, ensuring attainable housing options for our workforce and residents. •Economic and Revenue Benefits: By facilitating development on the valley floor without extended vesting, these amendments will accelerate revenue generation for the Town through increased tax base and short-term rental opportunities. •Infrastructure Investment: Traer Creek's commitment to financing critical infrastructure-estimated at over $80 million to date and an ad ditional $55 million for future phases-demonstrates confidence in Avon's long-term growth and vitality. •Smart Planning and Market Responsiveness: Updates to building envelopes, height allowances, and zoning alignment will enable projects that meet current market demands while maintaining sensitivity to community character. I believe these amendments strike the right balance between development and community benefit, and I urge the Council to approve them as proposed. Doing so will ensure Avon continues to thrive with well­ planned growth, enhanced housing opportunities, and strengthened economic foundations. Thank you for your consideration. 1 From: Sandy Saul Sent: Monday, January 26, 2026 4:07 PM To: Matt Pielsticker <mpielsticker@avon.org> Subject: Letter of Support for Village (at Avon) PUD Amendments To: Avon Town Council Re: Letter of Support for Village at Avon PUD Amendments Dear Members of the Avon Town Council, I am writing to express my strong support for the proposed amendments to the Village (at Avon) Planned Unit Development (PUD) as outlined in the joint application by Traer Creek LLC and the Town of Avon. I am a homeowner at Frontgate Avon, #408 in Phase 1, so have a vested interest in what is going on in Avon and surrounding areas. These amendments represent a thoughtful and strategic approach to advancing Avon's future. I commend the collaborative efforts between the Town and Traer Creek, which have already resulted in significant public infrastructure investments and successful development projects that benefit our community. Key reasons for my support include: Sincerely, Sandy Saul ATTACHMENT C January 26, 2026 Dear Avon Town Council and Staff: Sent via email to: Matt@avon.org Mpielsticker@avon.org Council@avon.org This is Steven Sendor, resident of Edwards and a Commercial Real Estate Broker. While I am not involved in the Traer Creek project, I'm writing to convey my support for the proposed amendments. Generally speaking, anything we can do to add a variety of housing, particularly workforce housing, we should be doing, and increased building heights are among the easiest ways to accomplish that. I am also encouraged that the developer and the town are working together on this, and I hope to see more of that in the future. A full build out of Traer Creek is a massive benefit to the community, and I appreciate the work and creativity staff has put into this. Si ncerely, Steven Sendor Edwards, CO ATTACHMENT C From: KimberlyWarth Date: January 26, 2026 at 8:22:15 PM EST To: mpielsticker@avon.org Subject: Traer Amendments Dear Council Members, I am pleased to offer my support for the proposed amendments to the Village (at Avon) Planned Unit Development (PUD). These changes reflect a balanced approach to growth, housing, and infrastructure that will strengthen Avon's future. The collaboration between the Town and Traer Creek LLC demonstrates a shared commitment to responsible development. The amendments will: •Advance Community Housing Solutions: Through land donations and alignment with Town policies, these updates will deliver attainable housing options critical to our workforce and residents. •Stimulate Economic Growth: By enabling development on the valley floor and clarifying short-term rental provisions, the amendments will generate new revenue streams for the Town. •Leverage Significant Private Investment: Traer Creek's ongoing and future infrastructure commitments­ totaling more than $80 million to date and an additiona l $55 million planned-underscore confidence in Avon's long-term success. •Ensure Smart Planning: Updates to building heights, density, and zoning will allow projects that meet market needs while respecting community character. These amendments are not just technical adjustments-they are strategic steps toward a vibrant, sustainable Avon. I encourage the Council to approve them and continue fostering this productive public-private partnership. Thank you for your leadership and consideration. Sincerely, ATTACHMENT C January 26, 2026 To: Avon Town Council From: Bette Todd Re: Traer Creek Amendments Dear Mayor Underwood and Avon Town Council, Traer Creek Amendments Height and Density According to the January 27, 2025 staff report, the Town initiated discussions with Traer Creek about amending the PUD in order to pursue development of Community Housing on two parcels of Town owned land. Staff states the Town and Landowner have worked cooperatively to amend the Traer Creek PUD. This is a good thing. Apparently, the landowner responded with a multitude of requested PUD amendments impacting almost every undeveloped parcel of land within the Traer Creek PUD. The magnitude of the requested changes is unreasonable and undesirable for a small mountain town. Increasing density, height, and reducing setbacks will destroy the mountain town feel of Avon. The landowner was already given massive development rights and many exemptions from Town Code during the 2012-2014 negotiations. When you are reviewing the lengthy red line version of the new PUD and CARADA in the "Jan 13, 2026 Part 1 packet" please note Exhibit G on page 301, Municipal Codes Not Applicable to The Village at Avon PUD. The list is extensive. With so little control over development in Traer Creek, why would the Town want to give up what ability they do have? The height and densities on parcels C & D at least give the Town the ability to ensure the town has a variety of densities, a variety of housing, and some open space and sightlines. To date, nothing has been developed in the town core. There has been no demonstrated need for these massive height and density increases. Perhaps, any needed changes would be better handled on a case by case basis when a plan comes forth that brings something beneficial to the Town. One of the primary issues with PUD like Traer Creek is there is no firm development plan. The developer can propose anything conceptually, but that concept can change any time in the future. Former Town Councils and citizens spent many, many months working with Traer Creek to produce the current PUD and accompanying CARADA. This council is being asked to disregard past decision making and provide even more major benefits to the landowner. What is the benefit of this to the Town and its residents? Avon is a small mountain community. It is not downtown Denver, or a light rail station, or the Denver Tech Center, the Meridian office complex or the Federal Center in Denver. Fire Code: Cul-de-sacs The most important role of a town government is to provide for the health and safety of its residents. It should be unacceptable to Town Council to approve language in the revised Traer Creek PUD and CARADA that codifies potential exemptions to the fire code. In reading the revised PUD language, it is apparent that the applicant is requesting to circumvent the fire code in many planning areas (over and ATTACHMENT C over again) with cul-de-sacs that exceed 1,000 feet and/or over 200 residences or buildings. This is further memorialized in revisions to the CARADA by the addition of new language. See the Jan 13, 2026 packet page 343 for new language. There appears to be no language in the revised PUD or the CARADA referencing a requirement for fire sprinklers, or any other potential fire mitigation measures. The revised PUD does not meet the criteria (ii) as it does not promote public, health, safety, and welfare. In fact, it does the opposite; it endangers the public health, safety, and welfare. In this case it might be wise to add language that states current development must meet current fire codes. The PUD repeatedly states otherwise. If this issue cannot be resolved to the satisfaction of the Town and the fire department and language incorporated into the PUD and CARADA assuring the public that fire codes will be met, perhaps the PUD and CARADA amendments need no further consideration. New development should always comply with current code when it comes to public safety such as fire codes and electrical codes, especially in the mountains. Municipal Code Exemptions: When you are reviewing the lengthy red line version of the new PUD and CARADA in the "Jan 13 Part 1 packet" please note Exhibit G on page 301. Municipal Codes Not Applicable to Traer Creek. The list is extensive. The new PUD amendments, however add several new town codes and policies that are beneficial to the landowner such as Development Bonus, revised parking, etc. Did the Town get back any exemptions in trade? Deletion of Commercial Requirements: We heard testimony from the Avon Finance Director at the January 13, 2026 meeting that sales taxes and commercial provided the Town a significant source of revenue. Yet the PUD amendments delete commercial floor area in some planning areas. From a financial perspective, why would the Town agree to this? Can it be replaced in other planning areas? Trail Connection: One of the maps showed what looked like a connection of a trail between Eagebend Drive or Hurd Lane and the Traer Creek area. The map wasn't clear exactly where this connection terminated on the south side. Could this be clarified? In the end, we are all striving for the best Town of Avon possible. Thank you all for your time and effort. Bette Todd ATTACHMENT C Sauce on the Creek Shervin Rashidi To Whom It May Concern, It's great to see that the Town and Traer Creek are working cooperatively to better our community. Sauce on the Creek is here for the long haul, and we are thrilled to see the Piedmont, Bosk, Kestrel, and dual-brand hotels open up since we began doing business at Plaza. We have a number of employees living in the Piedmont and are excited to see the Bosk open so that more employees can live across the street. These rentals have really helped us with staffing. And increasing building height to 60' within Plann ing Area D from 48' is a no-brainer from a development perspective, allowing for more of the same type of product that has been so helpful in staffing our business. This benefit is compounded by the Downtown Development Authority, which will see so much revenue that it can invest in community housing on land rezoned as part of this application. All these elements in this PUD Amendment are positive and will help the Avon community and our business. We encourage the Town Council to accept this application, as proposed by the Town and Traer, so that more development may proceed on the valley floor. Sincerely, Shervin Rashidi Co-Founder & Managing Partner ATTACHMENT C From: Kathleen Walsh Sent: Tuesday, January 27, 2026 4:52 PM To: council@avon.org Cc: Matt Pielsticker <mpielsticker@avon.org> Subject: k walsh comment on agenda item 6.1 ( january 27, 2026) January 27, 2026 To: Avon Town Council Members From: Kathleen A. Walsh Thank you so very much to each Town of Avon Council member for representing your constituents on what appears to be an endless analysis of this ongoing PUD. I truly appreciate you positively representing the needs of our community and its residents. In 1998 (27 years ago), I remember the presentations, with limitless maps and detailed plans with the promise of parks, pleasant walkways and green trails, throughout residential areas, school lands, ice rinks, etc. We did not have Zoom and the council chambers were packed with residents! After countless hours on the part of Avon Town Council and thoughtful community input, we all agreed that things were changing and conceded that positive development was inevitable. Gone were the sheep grazing and beautiful open spaces in Avon. The build-out portrayed the west side of the PUD as enhancing the existing core with more retail, and developing residential areas going eastward, aligning with the housing community that was in existence in 1998. But then Walmart & Home Depot were permitted east and disconnected the town. Now you want to fill it in with increased density and unsightly heights. Please understand this was not the vision for our Town! It is unfortunate the developer is misinterpreting the numbers. They want the same numbers but on much smaller acreage? The density was for the entire PUD as presented in 1998 and previously adjusted. BUT if it ALL goes on the valley floor and not throughout entire project, this will heavily impact our town's aesthetics and not just the residents who border the PUD areas. No height or density increases! We are a mountain community, not a suburbia with tall high rises. How is this creating low impact mountain living? Too many concessions regarding design & review have been given away. If I personally want to build a fence in my backyard, I have more restrictions than Traer Creek has on developing buildings, something seems off?? ATTACHMENT C Do not allow density increase in any areas. The reasons for Traer Creek not building on hillside is at no fault but their own poor planning. It was supposed to be started and completed years ago. It is their own greedy nature that it was not previously started. They were too busy raping the town of every resource we have. No more extension on vested rites. It is time to build and deliver. Please say NO because so far there have been too many community concerns and quite frankly, this developer has not really proven to be a trustworthy neighbor: Existing buildings produce high intensity light. Hallways ex de to the ou tdoors and even after numerous requests no window coverings and these lights are extremely obtrusive to neighborhoods 24hours a day. The height and tilting of exteri or and parking lights appear to be extremely high and tilt at odd angles, as to not comply with dark sky. And now you want more height and light? They built up sneakily and increased land grade on the roads and at bases of buildings and still pushed height limits at Piedmont Buildings and other ongoing projects. Protect the height as it is please! P& Z asked for updated road mapping and heights. Developer is still not showing this and says they cannot remember what the grade was. We all know it was lower, however so much dirt was moved around to build up roads and the valley floor to higher grades than what was originally in place. Protect us, no to height and stop buil ding up the high grading of earth. FYI , I do not believe the interchange off 1-70 was fully funded by Traer Creek. As it was part of a plans and meetings when Colorado when proposing an interchanges near Walmart and Eagle Airport years ago. CH1 It saddens me that developers are trying to utilize this very ti y piece of land to tempt TOA to advocate for their PUD request. And it is just wrong that our own town planners are playing into it. CH1 has unprecedent impact on the residential areas it borders on Eaglebend Drive. Community deve lopment tried to present this as being congruent with existing the area. It is abutting and dominating established single family home development. I am begging you to protect your existing community. Why did we only get info days before P&Z meeting when they claim it was months of planning? Perhaps existing community input with our very own community planners could have avoided this outcry. Do our TOA planners really think the existing Avon residential commun ity want taller buildings, more lights and dust pollution, noise and density even closer to our bedroom windows? My guess is this is why it was top secret? I hope the town council will please remind TOA planners they work for our town and its residents. AND not this greedy developer. It is apparent all community concerns were discounted and basically, we were told take it up when the issue goes to Town Council. It should not have come this far as this entire request is outside the scope of Avon's codes. Traer Creek was required per PUD to dedicate land for education. And they have manipulated this numerous times. Is the school board aware they are once again giving away dedicated school lands? I think this should be clarified with the school board. As this entire development is already going to have an impact on growth. How will we grow a school? Already putting a preschool/housing on a rather less desirable site. Keep what little remains as school, for school. Do not increase height or density. Preserve the tiny lot (CH 1) as green next to school. There are plenty of other lands available that is not impeding on well-established community. Employee housing? However, my question is who are we housing and what is the Town of Avon getting out of it? Do we really want to be a bed base for surrounding communities and employers? Developers are proposing cutting retail and increasing density. It does not add up. Decreasing retail cuts tax monies Avon earns and it will discourage businesses from setting up in our town. What kind of town do we want to be? I feel that as with other developments the developer should be required to build out employee housing at their cost Avon says it wants more employee housing, but you are pushing out residents and quality of life. Who came to the decision that Avon only wants employee housing? This will destroy a community-based town. I am begging you to protect existing famili es and residents. Our census is declining! And I am very concerned as to why the Town of Avon would not want to prioritize its existing residents and their needs for quality of life and protections of property. 2 ATTACHMENT C Historical population Census Pop. Note %± 1980 640 1990 1,798 180.9% 2000 5,561 209.3% 2010 6,447 15.9% 2020 6,072 -5.8% U.S. Decennial Census Bottom line, please do not once aga in be bullied by this developer to push this PUD amendment. And do not build out CH1. It is hurting us! Too many concessions have been made with no apparent benefits to our community. As when this developer threatened to sue the TOA in 2008 (please review include newspaper article attached). You have the ability to protect our community's future. This is not even close to what was proposed in 1998. Time to stop and requi re this develop per to step on previous promises. Thank you for thoughtfully mulling over all our community concerns! Much appreciation for your dedicated service. Kathleen Walsh 3 ATTACHMENT C From: Tuan Q Duong Sent: Tuesday, February 17, 2026 1:37 PM To: Matt Pielsticker Subject: Joint Application To the Mayor and Town Council: Recent projects at Traer Creek, like the Piedmont and the new dual-brand hotels, have already given Avon a big boost and helped local businesses. I am excited to see this Joint Application make it to the Town Council. Anything that the Town of Avon and Traer Creek can do to bring to the valley more housing supply is great. I believe that the additional 60-70 worker/community housing units will also give the community a big boost. An increase in building height for projects on the valley floor between Wells Fargo and the Piedmont can help bring more people to Avon to help local businesses, as well, and can take advantage of the Avon bus system. In short, I am in favor of the Joint Application and hope the Mayor and the Town Councilors approve it to continue the positive momentum on the valley floor to help with the housing supply and help local businesses. Thank you. Sincerely, Pho Bay Avon Tuan Duong 1 ATTACHMENT C From: John Richardson Sent: Monday, February 23, 2026 8:54 PM To: Matt Pielsticker <mpielsticker@avon.org> Subject: Traer Creek Dear Matt, I have had a home in the Avon community, includi ng Mountain Star, for over 30 years. I am writing to you in support for the joint Town and Traer Creek application. Traer and Town staff have removed the points of contention voiced by the Eagle Bend neighbors, so now the Town is unlocking some 70 dwelling units of Community Housing, Traer is donating land that the T own is valuing at roughly $5 million an acre, in exchange, they are asking for an extension of vested rights in order to ensure they can go up on a hillside and invest sign ificant capital on public infrastructure. That sounds like a win win for all parties. The Town benefits from this because that same infrastructure serves the Town's future Community Housing site known as the East Avon Preserve. As an aside, it has been great seeing the deve lopment in the Village (at Avon) these last ten or so years. Now they are bringing Whole Foods by Whole Foods own admission (a much needed alternative to City Market) and are spending a significant capital building public infrastructure on the valley floor. It's in the best interest of the community to support them and ensure the Town helps them achieve these next steps in what is shaping up as an exciting development. Best, John Richardson John R. Richardson ATTACHMENT C 1 From: Craig Ferraro Sent: Tuesday, February 24, 2026 12:26 AM To: Council Everyone Group <council@avon.org> Subject: Traer Creek PUD Amendment Avon Town Council, Thankfully, we are getting closer to a final decision. First, thank you for your time and attention to the future of Avon. It is easy to get overwhelmed by the process and requests and agree to items without fully understanding the future impacts. I will reiterate that you can always deny the amendment to gain more time to ensure you are comfortable with these potential impacts. Second, a thank you to Traer Creek for withdrawing some of their requests. I would argue that these requests should never have been made, but I am happy they are no longer on the table. Finally, a thank you to the Town of Avon for limiting the height on all of CH-1, it will make for a better project and significantly less impact for the Eaglebend neighborhood. I do have two items which I hope will be discussed at the February 24th meeting. The first is the Engineered Grade. I will admit I have not focused on this piece of the amendment and it looks very technical. My request is you ask for a simple explanation from staff on what is being requested and feel comfortable that it is in the best interest for the Town and its citizens. The second item is not as technical, it is the request for an extension of vesting rights triggered by the required payment toward the water tank, with a deadline for the payment being 2039. In 2024, in a Vail Daily article, Eric Heil said he thought units could be completed on the East Avon Preserve by 2030. What is now being suggested is that those units couldn't be completed until 2042 at the earliest, this is completely unacceptable. I still do not understand why a 20-year extension would ever be granted and this "give" to get the extension is insulting. If you are inclined to grant an extension (and it should be no longer than 5-10 years) then you should ensure East Avon Preserve can have housing built by 2030. This would mean the water tank is funded and built by 2030 (with funding earlier), that the road through Parcel J is completed with all utilities, and any other items needed from Traer Creek to build and occupy East Avon Preserve are completed. This is the issue with on-the-fly changes to PUD amendments, it doesn't let us think about what all of these items are. Again, thank you for your diligence in looking out for the future of Avon. Sincerely, Craig Ferraro ATTACHMENT C 1 From: Amy Phillips Sent: Saturday, February 28, 2026 10:34 AM To: Council Everyone Group Subject: VAA Final Details Dear Avon Town Council, Leadership and Legal Team, Thank you for your hard work and thoughtful leadership regarding the Village at Avon PUD amendment. While the process may seem long to some, to me it is a necessary discussion and debate on such an important matter. Each of you is doing a great job. I look at the 22 year timeline for developing the Valley Floor, as equal to two to three Riverfront Developments. It will include one or two hotels, and more than a dozen condominium and town home complexes, providing a diverse selection of properties for purchase. While the Piedmont & Bask apartments provided almost 600 needed rental units, Avon's long-term energy will depend on new residential neighborhoods offering a variety of housing options. Given the location and proximity to transit I expect to see a mix of year round residents, part-time residents from Colorado (who visit most weekends), part-time residents from throughout the US who provide vitality to our economy and retirees who chose Eagle County and support the recreational opportunities, arts and culture we are known for. The process for providing water to the Mountainside and East Avon Preserve is complicated, requiring time and funding. Once this is complete, additional, different and vital neighborhoods will emerge. This Council is well on its way to providing a smooth pathway for that development. I look forward to seeing the proposal on second reading. I expect it to be updated with the thoughtful details needed to solidify the Community Housing specifics, the Development Bonus program and the trigger for the Water Tanks to service the East Avon Preserve. I appreciated Michael Lindholm's summary of the past 30 years, especially the scope, cost and importance of the 1-70 Interchange. He reminded me of a couple of details from the CARADA that I did not recall, and I appreciated his perspective on moving forward for the best Avon can be. Additionally, hearing from Michael and Marcus during the meeting was beneficial because their engagement is vital. Regarding the Community Housing details, I appreciate the importance of providing housing for residents across various income levels. Currently, no housing is built or planned in the Village at Avon for the "missing middle," which I define as a 3 bedroom townhome near transit with a one-car garage, available for purchase by an established household that has outgrown its two-bedroom unit. I see this as part of both the Community Housing directive and the Development Bonus agreement currently being drafted. I trust the Avon Development Team, Legal Team, and Leadership will bring concise and detailed language for these points to the Council for the second reading of this Amendment. More than 20 years ago, I recognized that the original PU D's triggers for community housing lacked any accountability ATTACHMENT C app.kw.KW2N473JS License: FA 10004 7354 KWMP Broker Lie.: EA268801 2 measures for the developer. Any work you can do to improve the creation of Community Housing is appreciated. Regarding the Development Bonus program I appreciate the desire of some Councilors to reinforce the provisions in the Municipal code by identifying the goals desired in the Village at Avon. I suggest this should be memorialized outside of the PUD providing guidelines, a vision and a potential pathway for developers, with the PUD simply referring to Avon Municipal Code 7.16.170 Development Bonus. The PUD should clearly state that the Village At Avon will follow Avon's regular order: after or simultaneous to the approval from the Village Design review board process, it will also follow the Town of Avon Design review process for the Development Bonus. I fully expect that some projects coming to the Town under this new process would have been approved by the Village Design Review without community input if their requested density or height changes had been approved before withdrawal. Notification parameters could be modified to include all property owners near or within the Village at Avon as an entity, rather than only the specific lot or Planning Area addressed by the Development Bonus application. I trust the Avon Legal team can work out the notification details so the public is not excessively burdened with watching Avon Planning & Zoning agendas. I recognize that the water tank triggers are a very important element because they ensure water service availability for the East Avon Preserve, which is important to me. This is a complicated issue. Simplifying the PUD Language with a trigger for a deadline for an agreement signed between the Developer, Water District, Town of Avon and Village Metro District may be a good solution I trust the Avon Legal and Leadership team will propose an agreement in cooperation with the developer to ensure all parties are aligned, thereby avoiding potential legal challenges, from any party, that would cause avoidable future conflict requiring legal intervention .. I am confident no one would like to replay that chapter of our shared history. Again, thank you for a well run and transparent process, this will determine the future of our town. Regards, Amy C Phillips Associate Broker Keller Williams Mountain Properties www.VailHomesbyAmy.kw.com ATTACHMENT C �Habitat 'f I I for Humanity Vall Valley Board of Directors Pete Thompson President Chns Rowberry v,ce President Dan White Treasurer Jenn,fe Law Secretary John WelaJ President CEO Nmk Brinkman Aleltla Jurscha Jill Klosterm:i Bobby Murphy Jens Romeo Board Emeritus St artGre n Lisa Dennis ureen Hopkins Kristin Kenney Willtams Kat y Cha dler-Henry P.O B ;( a 1.t f>5 Nottingh:im A nct1 Ro:i Avon, CO !11620 70 748.671 h:1lilaM1llvolley a March 9, 2026 Eric Heil Town of Avon 100 Mikeala Way PO Box 975 Avon, CO 81620 RE: Letter of Interest Planning Area E, Lot 8 Dear Eric, Habitat for Humanity Vail Valley (HFHVV) provides permanently affordable home ownership opportunities for locals with the goal of retaining and building community. We serve local households earning up to 80% AMI -that's $106,560 for a family of four. Our housing crisis is deep and wide. Affordable homeownership roots people here, allowing our critical workforce including teachers, police officers, nurses and resort workers to build a life and continue to serve our community. Affordable homeownership creates stability and opportunity for our work force and for our community. There is not one magic answer to remedy the cascade of economic and soc ial challenges created when affordable housing stock is in short supply. However, we know that partnerships and collaboration go a long way towards creating real tangible solutions to increase affordable housing supply in the Eagle River Valley. To that end, HFHVV is excited to submit this letter of interest to partner with the Town of Avon to create up to 26 affordable homeownership opportunities at Traer Creek on the west side of the Pre-School, Planning Area E and Lot 8, recently designated in the PUD amendment as CHl for Community Housing. HFHVV would be an ideal partner with th,e Town to build affordable homeownership at this site -as we are the only housing developer with a proven track record in th is community able to create home ownership opportunities affordable to our critical workforce. HFHVV worked in close partnership with the Town of Avon through the regional housing needs assessment project, and together we have had many informal conversations over the yea.rs of what could be possible if we had the opportunity to partner on a project. Now that Lot 8 has been designated 'community housing', we are interested in exploring further what we could accomplish together to add to our community's affordable homeownership stock. ATTACHMENT C • • Habitat' for Humanityr Vall Valley Board of Directors Pete Thompso,, Presiaem Chns Rowb rry Vice Pre.<11dent Dan White Treasurer Jennife •W Secretary John WetaJ President & CEO Nick Brinkman Alexia Jurschak J II Klosterma Bobby Murp y Jens Romeo Board Emeritus St art Gre n Lisa Dennis Laureen Hopkins Kristin Kenney Williams K:fhy C andler-Henry P.O. Box 41 . 455 Nottingh:im R11nch Rood Avon CO 81620 970 748.6718 h:lbitatva,lvolley org HFHVV has a long history of collaboration with local governments and organizations in the Eagle River Valley. Over the past 7 years, we have worked with Eagle County School District to develop 38 homeownership opportunities for their staff. We partnered with the Town of Eagle and Eagle County on a 16- home modular development in Eagle. In the Town of Vail, we have partnered with the Town, Triumph Development and Eagle County to deliver 30 affordable homeownership opportunities at the Timber Ridge redevelopment. Habitat leverages partnerships to keep the cost of construction well below market. In addition, our zero-percent loan increases affordability by approximately $250,000 when compared to prevailing interest rates. Habitat homeowners pay 30% of their gross monthl y income towards housing expenses, including mortgage principal, taxes, homeowners' insurance and HOA dues. Habitat Vail Valley uses a permanently affordable housing covenant, essentially a price capped deed restriction, to ensure each home stays affordable in perpetuity. Habitat retains the first right to repurchase the home, should the existing owner choose to sell. At that time, we resell the home to a qualified Habitat household. We continue to see a strong demand for our homeownership model, with 27 applications received for each homeownership opportunity we provide. We are excited to submit this letter of interest and look forward to future conversations about how we can work together to create opportunities for our local workforce to own homes in Avon. Thank you for your consideration. Elyse Howard VP of Community Affairs & Philanthropy Habitat for Humanity Vail Valley ATTACHMENT C 970.748.4088 Paul@avon.org TO: Honorable Mayor Tamra N. Underwood and Council members FROM: Paul Redmond, Chief Finance Officer RE: Village (at Avon) Financial Overview Supplemental Report DATE: March 11, 2026 SUMMARY: This report provides supplemental information concerning various reviews of the Village (at Avon) Financial Overview. The previous financial overview focused on explaining the current financial status of the Town’s tax credit and debt that has been issued and a rough, superficial analysis of the current revenues and expenses. This financial review will address the following additional revenues generated in the Village (at Avon): •Use Fees for Community Housing •Real Estate Transfer Fees •Short-term Rental Fees •Additional Retail Sales Fees USE FEE IN LIEU OF USE TAX ON CONSTRUCTION MATERIALS: On January 1, 2025, the Town imposed a 4% use tax on construction and building materials for projects with a total valuation exceeding $125,000. This tax was endorsed by the Village (at Avon). The CARADA states that if the Town imposed a Use Tax on building material, the Village (at Avon) is authorized to impose a Use Fee to be used as revenues for repayment of public infrastructure. This fee will be collected by the Town and transferred to the district when building permits are issued. Planning Area A is projected to develop a Whole Foods, two retail pads and a 100-unit condominium building. BOSK Apartments did not generate a Use Fee as the building permits were issued prior to the Use Tax. Avondale Apartments would not generate a Use Fee because it is a Town of Avon, tax‑exempt project. The conservative projections expect this Use Fee to be between $2.5 and $3 million dollars for the next projects on Planning Area A. This revenue will be remitted to the Public Improvement Companies and then Traer Creek Metropolitan District to be used for payment of debts on public infrastructure. REAL ESTATE TRANSFER FEE: The Village (at Avon) imposes a Real Estate Transfer Fee to correspond with Avon’s Real Estate Transfer Tax. This Fee is collected by the district. All projects currently planned in Planning Area A will be subject to the Real Estate Transfer Fee. The Whole Foods and the retails pad are conservatively projected to generate $385,000. The Skol Condos will generate approximately $3.5 - $4 million in Real Estate Transfer Fees. Staff have reviewed the fees generated for the newly developed Frontgate, and these fees are comparable. SHORT-TERM RENTAL TAX: The Skol Condos in Planning Area A will generate short-term rental income. Condominiums which rent their units on a short-term basis are subject to the private 4% Retail Sales Fee, 4% Accommodations Fee and Avon’s 2% Short-Term Rental Tax. Staff have taken a very conservative approach in projecting this rental number. Staff estimates that 60 of the 100 units would be available for rent. For this review, Staff expects the rented units will have a conservative average nightly rental rate of $200. The total annual fees projected from these rentals are expected to be $234,780. Included in this amount the Town would receive approximately $25,771 from the .75% Add on Retail Sales Fee and 4% Avon Sales Tax assessed to the 4% Retail Sales Fee. A summary of these projections is below: ATTACHMENT D Supplemental Report: Village (at Avon) Financial Overview March 11, 2026 Page 2 of 3 Projected Municipal Income from STR's Village (at Avon) Revenue Town of Avon Revenue 4% Retail Sales Fee (Village (at Avon)) $ 87,360.00 - 4% Accommodation Fee (Village (at Avon)) $ 87,360.00 - 2% Short-term Rental Tax, (Town of Avon) - $ 43,680.00 .75% PIF/Add on Retail Sales Fee (Town of Avon) - $ 16,380.00 4% Avon Sales Tax (Town of Avon) - $ 6,988.80 Total $ 174,720.00 67,048.80 Staff also reviewed the additional sales tax generated by these rental guests enjoying our town. Based on local market research Staff is projecting the average guest would spend approximately $140 in the Village (at Avon) and the Town of Avon per day. The additional daily spend by the Town’s guests could generate an additional $340,000 in sales tax per year. RESIDENTIAL REVENUE CONTRIBUTIONS: Residential properties generate less direct revenues because the assessed valuation for property tax is much lower than commercial there are no direct sales tax or accommodation tax revenues. However, residents spend on retail purchases. The typical resident makes an estimated 18% of retail purchases on-line, and 50% locally at bricks and mortar establishments. We very roughly estimate that the 50% of local purchases occur half in the Village (at Avon) and half in Non-Village (at Avon) portion of Avon. Due to the nature of on-line retail sales report, Avon is not able to distinguish between retail sales in the original Avon area versus with the Village (at Avon) versus outside Avon such as Eagle-Vail and Beaver Creek. Below is a spending model for an Avon resident who pay 100% AMI. Renter paying 100% AMI with $80,000 Annual Income Annual Costs Spent in Avon Town of Avon Village (at Avon) Housing $24,000.00 $24,000.00 $ - $ - Transportation/ Auto Repairs 9,600.00 5,440.00 108.80 108.80 Food & Groceries 8,800.00 5,280.00 105.60 105.60 Healthcare 7,200.00 - - - Retail, Dining and Recreation 11,200.00 11,200.00 224.00 224.00 On-line Retail Sales 14,400.00 14,400.00 576.00 - Saving, Debt, Miscellaneous 4,800.00 3,120.00 62.40 62.40 Total $80,000.00 $63,440.00 $1,076.80 $500.80 ATTACHMENT D Supplemental Report: Village (at Avon) Financial Overview March 11, 2026 Page 3 of 3 Staff anticipates each renter moving to the Village (at Avon) will generate approximately $1,185.60 in revenue for the Town and $392.00 for the Village (at Avon). This financial overview further explains the expected increased revenues for the Town of Avon and for The Village (at Avon) from various developments. The indirect revenues from retail purchases from renters is expected to generate additional sales tax revenue for the Town of Avon and additional Retail Sales Fee revenue within the Village (at Avon) to be used to pay down debts for public infrastructure. CONCLUSION: This supplemental report expands the earlier Village (at Avon) Financial Overview to include additional revenue beyond direct assessment of municipal taxes, focusing specifically on revenues generated within the Village (at Avon). This analysis is very high level and is not expected to be precise. The primary purpose is to illustrate that additional development will generate additional revenues which will accelerate the pay-off of outstanding debts for public infrastructure. Thanks, Paul ATTACHMENT D 970.748.4004 eric@avon.org TO: Honorable Mayor Tamra N. Underwood and Council members FROM: Eric Heil, Town Manager RE: Avon Recreation Center Aquatic Refurbishment Project DATE: March 20, 2026 SUMMARY: This report presents to Council an update on the Avon Recreation Center Aquatic Refurbishment Project and a recommendation to pause the project at this point due to the proposed maximum price in excess of the amount budgeted for this project last fall. Avon staff retained A.D. Miller to provide design-build services in early 2025. The aquatic area of the recreation center is 30 years old and nearly all systems are in need of replacement, including pumps, filtration, electrical, heating, the slide, the hot tub, and more. The scope of refurbishment and upgrades was determined late last summer and early fall in order to fit within the Town’s Capital Improvement Project budget. Cost estimates for the identified scope of work were $5M to $6M in September/October, then increased to $7.6M by November. The Town budgeted $8.4M to include a 12% contingency over the cost estimate at that time, which was for all work, including design and construction. The budget included allocating funds from the General Fund Reserve the supplement the available funds in the Capital Improvement Projects Fund. Council approved a design contract as the next step of the process with the requirement that we would receive a guaranteed maximum price in March, 2026. Last Wednesday we received a guaranteed maximum price of $9.4M for construction, which would result in a total cost of approximately $10.1M with design fees. The Town cannot afford $10.1M without affecting other capital improvements projects or without further reducing the scope of the refurbishments. I am recommending that the Town pause this project and reassess the process to achieve the best pricing. I have consulted with Town Engineer Eva Wilson and we both believe better pricing can be achieved through a more traditional design-bid process. The decision to not proceed with refurbishment means there is no need to close the pool for the next six months. It would be better to pause this project now rather than in April so the Recreation Department has the most lead time to manage the personnel and operation of this change. There is more information that we will need to bring to Council, including current budget status, design work completed, and proposed steps and schedule for moving forward with a design-bid approach. We may have some additional information on Tuesday but a full breakdown of current status and outline of recommended next steps would come at a meeting in April. PROPOSED MOTION: “I move to direct Staff to pause the Avon Recreation Center aquatic refurbishment project.” Thank you, Eric MEETING AGENDAS AND PACKETS ARE FOUND AT: WWW.AVON .ORG AGENDAS ARE POSTED AT AVON TOWN HALL, AVON RECREATION CENTER, ONLINE AND AVON PUBLIC LIBRARY IF YOU HAVE ANY SPECIAL ACCOMMODATION NEEDS, PLEASE, IN ADVANCE OF THE MEETING, CALL MATT PIELSTICKER AT 970-748-4413 OR EMAIL MATT@AVON.ORG WITH ANY SPECIAL REQUESTS. AVON PLANNING & ZONING COMMISSION Meeting Minutes (DRAFT) Monday, March 9, 2026 Public Meeting Begins at 5:30 PM TEAMS LINK: https://teams.microsoft.com/meet/27922651662969?p=usTFyQtgcVujcdRNDv To join meeting via phone, dial (945) 468-5504 and enter conference ID: 813 626 13# 1. Call to Order and Roll Call (Chairperson) – 5:30 PM Meeting commenced at 5:30 PM. A rollcall was taken, and Planning Commissioners Carly Hansen, Brian Sipes, Rick Sudekum, Elizabeth Waters, Nancy Tashman and Nicole Murad were present. Commissioner Brad Christianson was absent. Also present were Director of Community Development Matt Pielsticker, Planning Manager Jena Skinner, Planner II Claire Perez, Town Attorney Nina Williams, and Development Coordinator Emily Block. 2. Approval of Agenda ACTION: Commissioner Sipes approved the agenda, and there were no objections. 3. Disclosure of any Conflicts of Interest or Ex-Parte Communication Related to Agenda Items 4. Public Comment – Comments are Welcome on Items Not Listed on the Following Agenda Public Comments are limited to three (3) minutes. The speaker may be given one (1) additional minute subject to Planning and Zoning Commission approval. 5. Brief Training Session with Town Attorney 6. Public Hearing 6.1. CTA26-002 Wildfire Code Updates – Jena Skinner, Planning Manager ACTION: Commissioner Sipes made a motion to continue the application to the March 23rd Planning and Zoning Commission meeting. Commissioner Murad seconded the motion, and the motion passed unanimously 6-0. 7. Consent Agenda 7.1. Record of Decision: MJR26-001 | 4561 Flat Point 7.2. February 23, 2026, Planning and Zoning Commission Meeting Minutes ACTION: Commissioner Sipes abstained because he was absent for the February 23 meeting. Commissioner Sudekum made a motion to approve the consent agenda. Commissioner Hansen seconded the motion, and the motion passed unanimously 5-0. MEETING AGENDAS AND PACKETS ARE FOUND AT: WWW.AVON .ORG AGENDAS ARE POSTED AT AVON TOWN HALL, AVON RECREATION CENTER, ONLINE AND AVON PUBLIC LIBRARY IF YOU HAVE ANY SPECIAL ACCOMMODATION NEEDS, PLEASE, IN ADVANCE OF THE MEETING, CALL MATT PIELSTICKER AT 970-748-4413 OR EMAIL MATT@AVON.ORG WITH ANY SPECIAL REQUESTS. 8. Future Meetings 8.1. March 23, 2026 8.2. April 13, 2026 9. Administratively Approved Applications 9.1. MNR26-002 | 3038 Wildridge Rd Hot Tub and Deck 9.2. MNR26-003 12 Waterfront Way Exterior Door Change 10. Staff Updates 11. Adjourn The meeting was adjourned at 6:54 PM. Addendum to Council Packet Incorporated on March 23, 2026: Business Item 6.3 - Attachment E Consolidated, Amended and Restated Development Agreement for the Village (at Avon). Addendum to Council Packet Incorporated on March 23, 2026: Business Item 6.3 - Attachment E Consolidated, Amended and Restated Development Agreement for the Village (at Avon). ATTACHMENT E