Appeals court denies Traer Creek’s motion
Vail, CO Colorado
AVON, Colorado – The Colorado Court of Appeals on Thursday denied a petition by Traer Creek LLC for a rehearing in a lawsuit Traer Creek filed against the town of Avon, the town said in a press release.
On July 15, the Colorado Court of Appeals ruled in favor of the town of Avon and upheld the District Court’s decision to dismiss a lawsuit filed against the town by Traer Creek.
After the District Court and the Appellate Court ruled against Traer Creek’s lawsuit, Traer Creek filed a petition for rehearing on July 29.
Traer Creek LLC originally filed a lawsuit against the town of Avon in May of 2008 alleging that amendments to the town’s vested property rights regulations violated the 1998 Annexation and Development Agreement with the town.-
“The town of Avon is pleased with the District Court’s decision and the Colorado Appellate Court’s decision,” said Eric Heil, Avon town attorney.
Those units are all deed-restricted, meaning that only people who work an annual average of 30 hours per week can live there. That keeps the apartments out of the short-term rental pool and available to local residents.