Programming
The proposed PUD allows for up to 500 dwelling units and 30,000 square feet of commercial space.
Residential
The Conceptual Plan shows the likely Phase I consisting of:
- 396 rental apartments
- 1 & 2 bedroom formats
- 3-story walk-up buildings
- 30% of rental units would be deed restricted to local workforce (no income restrictions)
- Phase II may be a variety of townhomes, apartments, single-family homes or ancillary commercial.
- 15% of any for-sale units would be deed restricted to locals, including income restrictions
Commercial
The PUD also allows for limited commercial space along Highway 6 / Grand Avenue or Sylvan Lake Road
- Up to 30,000 total square feet
- Max 15,000 square feet on Sylvan Lake Road
- Small local retail or commercial spaces
- Designed to complement existing offerings
Projected Financial Benefits
Annual Revenues to Town of Eagle: $1,220,643 (at Stabilization – 2027)
One-time Fees to Town of Eagle: $8,355,573 (including $1,234,072 in Water Plant Improvement Fees)
Annual Revenues to Other Entities: $831,949
(Such as School District, Fire District, Ambulance District, Colorado Mountain College)
Tentative Hearing Schedule (check back for confirmed dates)
Planning & Zoning Commission
February 5, 2019 6:00pm: P&Z Hearing 1
Eagle Town Hall Council Chambers
200 Broadway
Eagle, CO 81631
Town Board of Trustees
March 12, 2019 6:00pm: Town Board of Trustees Hearing 1
Month, day, year Hearing 2
