About

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
  • 45% of rental units would be deed restricted to local workforce (no income restrictions)
  • Priority for workforce housing will be given to the following organizations, in this order:
    1. Town of Eagle
    2. Eagle County
    3. Eagle County School District RE50J
    4. Greater Eagle Fire Protection District
    5. Eagle County Health Service District
    6. Mountain Recreation District
  • 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

Play area enlargement 7-19-18

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: $1,336,349 (at Stabilization – 2027)
• Includes $82,000 through a private Real Estate Transfer Assessment for Grand Ave  improvements or Open Space and Parks
One-time Fees to Town of Eagle: $16,543,902
• $4,251,137 in Water Plant Improvement Fees
• $3,593,000 in Sewer Plant Investment Fees
• $1.31 million in street improvement fees ($1 million over code requirement, to address Grand Ave improvements)
• $668,000 in Public Safety Impact Fee
• $662,000 in a private Real Estate Transfer Assessment
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
April 9, 2019 6:00pm: Town Board of Trustees Hearing 2
May 28 2019 6:00pm: Town Board of Trustees Hearing 2
August 27, 2019 6:00pm: Town Board of Trustees Hearing
September 10, 2019 6:00pm: Town Board of Trustees Hearing

Download fact sheet

 

 

 

 

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