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PZC Res. No. 2004-03TOWN OF AVON PLANNING & ZONING COMMISSION RESOLUTION NO. 04-03 SERIES OF 2004 A RESOLUTION RECOMMENDING TO THE TOWN COUNCIL OF THE TOWN OF AVON APPROVAL OF A PUD DEVELOPMENT PLAN FOR LOT 61, BLOCK. 2, BENCHMARK AT BEAVER CREEK SUBDIVISION, TOWN OF AVON, EAGLE COUNTY, COLORADO WHEREAS, the Applicant, IDG3 LLC has applied for approval of the Lot 61 PUD Development Plan for Lot 61, Block 2, Benchmark at Beaver Creek Subdivision; and WHEREAS, after notices required by law, a public hearing on said application was held by the Planning & Zoning Commission of the Town of Avon; and WHEREAS, said application is consistent with all legal requirements. NOW, THEREFORE, BE IT RESOLVED that the Planning and Zoning Commission hereby recommends approval to the Town Council of the Town of Avon for the Lot 61 PUD Development Plan dated January 2, 2003 with the following conditions: 1. The new Benchmark Road alignment (50'0" Benchmark Court Right -of Way) must be conveyed by subdivision plat prior to approval of the Lot 61 PUD Development Plan. 2. Development Standards shall be as follows: • A minimum of 150- timeshare, interval ownership, and fractional fee ownerships units @ 900 net sq.ft. above grade including a recreational amenity fees. • A minimum of 125 condominium units above grade @ 1,250 net sq.ft. • A minimum of 200 hotel /accommodation units above grade. • Public transportation facilities including 300 S.F. transit /administrative offices and public restroom facilities at grade, immediately adjacent to transit center. • A minimum of 17,000 square feet of commercial /retail space, which does not include personal service shops. • All parking shall comply with the Avon Municipal Code parking standards. 3. This PUD Amendment is contingent upon a valid Development Agreement between IDG3 LLC and the Town of Avon being approved. 4. If necessary, IDG3 LLC will be responsible for the acquisition of additional water rights and their subsequent dedication to the Town prior to issuance of a building permit to amend the Town's Augmentation Plan. 5. Failure to develop and obtain final design approval, including compliance with the Town Center design guidelines of the site - specific development plan by January 31, 2012 shall automatically terminate these development standards and conditions. 6. Except as otherwise modified by this approval, all material representations made by the applicant or applicant representative(s) in this application and in public hearing(s) shall be adhered to and considered binding conditions of approval. Adopted this 6th day of January, 2003 Signed: &IV7 Date: Chris Evans, Chairman Attest: . Date: Terry Smith, ecretary