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L1 Riverfront Vested Rights VPR19001PLANNING AND ZONING COMMISSION RECORD OF DECISION Avon DATE OF DECISION: September 17, 2019 FINDINGS APPROVED: October 1, 2019 TYPE OF APPLICATION: Vested Property Rights Extension PROPERTY LOCATION: Lot 1 Riverfront Subdivision FILE NUMBER: #VPR19001 APPLICANT: Points of Colorado, Inc. This decision is made in accordance with the Avon Development Code §7.16.060: DECISION: Recommendation for Town Council to approve the application pursuant to the following findings: 1. The application was submitted in a timely fashion at least six (6) months prior to the expiration of the vested property rights; 2. The application is complete; 3. The application provides sufficient information to allow PZC to determine that the application complies with the relevant review criteria in AMC §7.16.140(e)(2), Duration of Vested Right; 4. The application complies with the goals and policies of the Avon Comprehensive Plan; S. There is no extra demand for public services or infrastructure exceeding current capacity by the Application; 6. Economic cycles of our resort economy coupled with absorptions rates for sales of similar development projects in our region warrant the extension of vested rights; and 7. AMC §7.16.140(e)(4) allows for separate vesting periods for a multi -phase development plan. THESE FI GS OF FACT AND RECORD OF DECISION ARE HEREBY APPROVED: BY: - DATE: to 1 P -Z Ch A irpe sb n PZC Record of Decision & Recommendation - File#VPR19001 Page 1 of 1