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HomeMy WebLinkAboutbocc.res.022.1985 , _ .- �.:�_ y . S�� ^. l.�-•- aL ��� . ..� -� .�.. . ._. •+�- �� `�•����ii���. *� . . _ y_ 4� '. .. R .. '�.�' +� ._ .t=. btp��z.-:i�...��r.s.%w+-w.��. ..._ . . �•+/w�+trs.a.�i"aw',..�.:�+ai� ��" ��.�F '���} .� ` asaK 4t�3 �asf j lfi 1t�SOLi1TYOli dF TNB 80� OF OOUN�Y QOMlIISSYOt1� OF PYTEIH C�OUNTY, QOLOR11DOr GRAtiTI1MG AN BX?BNSIOM 'PO TH8 DBTI,iLED SiJBMIS8I0i1 ApPROVAL FOR 19B HIG�L�lIDS INl1 Resolation No. 85— ZZ Ii�B1tBA3, on July 23, 1985, the 8aard of County Commisaioners of Pitkin County, Colorado (hereinaftec "BOard") did grant an amendment to the deteiled submission approval far the Nighlanda Inn Renpwalf and t1gBR8�8, ATC As�ociates, oNn¢t of the Highiands inn, is pce�sntly r�eqc,tiatirrg with vatioug potential 8evelopmen� partnerg, ffnancin9 a9enciee and ptoapective purcha�er8 to devalop che property aecor8ing to �he approvals which it has received= e�d if8eRB1►8, tha Board, recognizing the extensive timQ and eEEort whicA has gone into the Eocmulation and revlex oP this project, the pubiic inkecest which is secved by ths upgrad@ oE this criticai baae lodqs Eacliity, and tha poa�ibility ehat a viable finencial arrangomant for its construction aay be near, doan not wane Che pcojec! to enpire due tio 8 legsl technicality. NQf. �eRSlORS. ea is �VSD by th@ Roacd thnt it doae hareby ' graot an exteneioo to the detailad eubmission approval !or !be Bighlands i f Inn !or a o�a fl) year peciod to July 23, 1986. '< 11P�RGVaA � by !he Board at i!s regular meeting on Ma�ch ll, 1985. � 80ARD 0� 000!!P! CDIOII88I� Oi� 8I?�SN (�OOIi'1?� OGLOAJIDO •� , � . , + �Y f,•ti-G� ���t fi . i, '. �� _ Tom Blake, Chairaan ; ., � . '�71'i'lEB�' � s � Lew Scan2an, Deputy Counky Q erk # 111�P 6o AS Td FORils Y 3 •O � s �r� N � � i�o Qj �m Tttanas P. Sin th, County Atkorpey � K� m _ i� A�, o° m a ox = a m y co m A N - cn a °f, - .��, ;i:,- .�=�; r•� '':':t;�tF . =�'= - �- • �.:. ,,��: , �ttt= � �t � '. -. t x � � '�'�='� '��' ����'�� # '"� r�.-e �'�` �'` r}��� , ,:a t y�`} . . �.� . . . . K,....�. c x�' +.ti�'�+s.� �:{� _� ..__...:�. . � JOSEF�W �. EOWARt)S,JR. �i-roar+�r wT uw ?NE JEROM[PqOOEEl�OMI1t SU�lOeNO 20�MORira MitL StREET,SV�tE�00 ASPEN,GOlORA00 H�6n JhJ �j� '�_,^��_ f�;+� � - fEtEPt�OME 1�O�f 9['S�7M6 {!�' �: -� . � �'ebruary 14, 29e5 °J!�`"`'�--.-_. ; ' i "-�-..�"_-----J Al�n Richman City-Gbuttty E�lannir,g t,lffiCe 130 5outh G�len� r�sp�n� C�lor�dc� 81fi11 �.;3 ttai Mfqhlandx Tnn/tlx�t�ii�d Submi�sion }4 „ a �'�.t UQ�� fi4dn� The I��e am�ndm�nt to �he d�eativd aubmt��sion �pprdval �or tha Nighiancts In�� ran�wal w�R grontud by ttc�eslutlon 84-63 on .tuly '1, 1984. Az you ara avnrn, thae a�Npr�vA1 in go� fnr one ya�r un���a �xccnctad Ny ch� �£ekin Counky O�erc� oF C�unty Com.?�ir�sionuru .dr ��ecl causfr shc�wo un8o� tN� provi�ion� a€ SG-a.5 t�1 tb1. ��t thu pcvaQiat _ir�, th� us+n�e a[ Ehc� Nlghlnnr�A inn, R.'C.C. Ra�a�latuc, h�u laczun naqotinCing uith v�riaus potenlf.ul d�uc�lepa+ant patts�ra. Ein�neing aganrta� ar proRpacelve purch�nz�r� a�� eh� a++»�c h�►u ax�cutod �n �Nt�on agca�meot ' qiving LIs� xiyhe c� � 'laint v���tu�a ta �c�uir� ct►o pra�rty wlth a cic+�inc� �o oer.ut Apri1 15, ?9A�, Tha various �r- rangeme»k» hctcwegn tha ttt��hlan�dn I»t� ?�nd th� A�pan Ffighlnnds Sk�ing Carpara�ion Wp which th� Ilighlaadn Inn acquirc�d a�ui�lonai I�nd from thc A��xcn Rlghlands Skt#ng Cs�iporatic�n jin or€3Qr tp r•+aka th� t�i�l�land� lnn r�newal a viabla p�oj�ct � are raiativ�;ly eo�np�ex, �.��c1 �t aill s�yuix@ extvnn3vr �aviuw ,� by th� at€orneyra Eor �hQ j+oint ven�u�e ln a�d�r to sa�£stp �h�r�4a�vc�s �n ;he statu� of th4s� v�rlc�u� ac�r��m+�nts. their prospectz��e ubl�g�tiona thsr�uncia� and to h� able to makQ � �� 1;nowledg�abic ds�is��n an +�h�thQr rA c:xerci�Q th� aption in April. I� �ha join�. v�neure currenc�y hold�ng thc option decides to proceed, due ta the magnitude af ths pr49ect and � the ne�d yQt Co do conscructiar. drawinys, they are faixly sucs thxt �onstruction would not lae able to hegin this apring and would bave to 6e defezred ut�til the spr�ng af 1986, Thezefore, it is a candition of �he option that ths present owne�s obtain, prior ta closinq, a one-year extension of the , t��,.� . � � � F ��„��t=;i;.x' . . *- °Se`�:,- . . � � � ,-�'t; •e'�a ' . � ' �" '� ��� . ���._- � _ � �„i.,G:.�r . ���F:� ^34:� �. :+t`'•',#::7�,�'��- . . . . +� .� 1 Hy X �C"-"..F'.. ,-,�ti;:.�w:e..,n�v�,a;.��..�.c�,,.,.,.,�.�..,.. .,. . ., . .. . . , .... • k�ti. � ,s �'��. . . . . ��y .�( u I►`'7l���I��, �f�p�.. � � � : _ ,;:.n�F ?.. .:a "' �. � , x�� _-� . ,� ...«.. . �.. � Alan teichtian �ebruar�- 14, 1985 Paqe 2 , deeafled submission approvals in order to give the proposed jofnt venture purchaser the opportuaity to have a sufficient time frame within which to develop all of the con�trucCfun draaings, have them reviewed and apptoved by th� building d�partment, finalize improvements aqreenent vith ehe Caun�y� final.fae the varioufi agreements aith the Aspen ftighlands 5kiing Corporation an8 bp in a pasition to reqe��t the fg�uance �f demolition and building �rcnfCS early in the gprin� oE 1�3�6. �ha ptimary r��snn �hat �.'C.C. Asseeietc�� has ha�d diFEiCUlty £inding jnint ventu�ee �aTYlltf5 and financin� ag�nei�� tn qo forwaru� �i�h the llighl�nds inn appcdv�l h�� be�n th� prr�vi- nug h4gh tnt�rcut rat�s that Nav� b��n !n pl�c� ovcr thg ;.,;a last »avQral y�ars �nr# eh� rs��nt low�ring af intQra�t rntae - haa made th� prd�gct moru viabla anA ha� r�sult�fl in A.T.C. Aasoci�ka�• �bilfty tn fin� � grouh int�rc�ge�d �nuugh to obt�in an �p�ion cantract. t think ehe m�gnitude of thin �rojcre end th� pA�� hiqh ineera�gt ratti� r�aiit4en �r� "qoaQ , c�uso" nu��Fici�nt e�+ �+upport R raryu��r �a eri� coma�tis#oners � . tn �r�nt thlra vna-y�ar esxk�+�i�ion an ei�ra a��rovaln. It would � e ahen� if all the vnrk ihat huc! ha@n r1onQ by th� Plar►R4nq A�firc�, tN� �oard oE Caunty Co�i�sSoi��ea And thcr ciav�r!oper Would bc} ua�teci by �thu automatic cxptr�tlon of thi� approval. Plcz�a@ con$id�r chi$ aa � �aeroal r$qu�st �or 9uch c��� c:xten- sianr ancl, if any actditton�] f�lin� or proeess�sinc� l�e� ar�e � cfua, Pi�aea advice. Very truly yours, .,� �;, a , _ ' �,' � l� ���������� ' l,.i Joaeph_�,.,�- wards, r• � ) - ��� ch '`".� �:',� cc aoa eQOper ''':� Ronald Garlield� ���uire _� ;"�i ,,; '.-F�r.:'i �.:::q �`i �.#_ ___. _ . . �.��`� . ,. � ��� ` y ; � . � . � . . - . � . . . _ - �; . . .. . � . - S?!�7.. p� � � ' . � � � 1 � . '�iE?.:' � , . � . . .�i - ,� ���..: � . . . � �. . �.;� � . . . . . � _ -