To: Honorable Mayor and Members of Town Council
Through: David L. Corliss, Town Manager
From: Tara Vargish, PE, Director, Development Services
Title
Resolution Authorizing the Conveyance of Lot 1, Block 2, Crystal Valley Ranch Filing 14, from the Town of Castle Rock to CVR PA3A LLC and the Execution of a Memorandum of Understanding Concerning the Development of Such Property Between the Town and CVR PA3A LLC (located north of Crystal Valley Parkway, west of Lake Gulch Road, east of and adjacent to Rhyolite Park]
Body
________________________________________________________________________________
Executive Summary
This resolution is being presented to Town Council to convey certain real property, described as Crystal Valley Ranch Filing 14, Block 2, lot 1, back to the prior landowner in conformance with the Development Agreement obligations approved by Town Council in 2007 as part of the Crystal Valley Ranch Second Amended and Restated Development Agreement (DA). Additionally, the resolution authorizes the Town Manager to execute a Memorandum of Understanding with the developer on the development plan with additional buffers and cul-de-sacs adjacent to existing residential development, and lays out a target schedule to swap an additional strip of land to provide the buffer and process the necessary rezoning of this area.
Staff Recommendation
Staff recommends Council approval of the proposed resolution that conveys the existing parcel back to the developer, per the terms of the Development Agreement, and also approves the Memorandum of Understanding with the developer to layout the preferred option (Option 3 above), as well as provide direction to swap land with the Town to provide an additional buffer for the development, and layout the general timelines for the associated rezoning.
Proposed Motion
Option 1:
“I move to approve the Resolution as introduced by title.”
Option 2:
“I move to approve the Resolution with the following changes: ________________________”
Option 3:
“I move to continue to public hearing to ________(date)___________, to allow for further information to be provided on _______________.”
Attachments
Attachment A: Resolution
Attachment B: Vicinity Map
Attachment C: CVR DA, Article VII, Section 7.01
Attachment D: Agreement between DCSD and Developer
Attachment E: DCSD Written Notice Letter
Attachment F: Public Comment
Attachment G: Photos of CVR F14 Lot 1