Snowmass moves forward Base Village application
November 25, 2015
After meeting every week for most of the past three months, the Snowmass Village Town Council on Monday approved the preliminary plan application to amend current approvals for Base Village.
The past four meetings have focused on how Snowmass Acquisition Co., the subsidiary of Related Cos. that now owns Base Village, will fulfill its community-purpose obligation to offset the variances already entitled for the project as well as those added in this application. After much negotiating back and forth, the council and the developer agreed Monday on a combination with a total estimated value of more than $7 million.
The primary gift is Building 6, the shell of which will be built and conveyed to the town by December 2017, according to the resolution approved by the council Monday. The building is intended as some sort of nonprofit cultural amenity — while the developer originally proposed it as exhibit space for Snowmass Discovery, the council now has plans to conduct a public process to determine who will be the building's tenant.
While Related would not commit to the $2.5 million contribution Mayor Markey Butler proposed in addition to the building, the developer agreed to contribute $500,000 in cash Monday and to cover the basic operating costs of the building for the next 14 years, an increased length of time to get closer to the cash value Butler was seeking.
The cost of those fees would be covered by Snowmass Acquisition Co. now and by owners of condos still to be built later, said Craig Monzio, related vice president of development. The assessments will not apply to owners of already completed units, he said.
In addition, a public plaza that can be used for events, ice skating in the winter and other activities is now included in the development.
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Related can now submit its final plan application, the last step in the town's land-use review process. The developer is hoping to win approval by the end of the year so that new construction can start in 2016.