Avon approves Village at Avon ordinance
Vail, CO, Colorado
AVON – It took nearly 13 months, but the Avon Town Council Tuesday cleared a major hurdle in settling a pair of lawsuits with the developers of the Village at Avon project.
By a 5-2 vote, the council gave final approval to an ordinance that makes several changes in the Village at Avon project’s original land use approvals, which date to 1998. Those changes move around commercial and residential areas at the 1,800-acre project. The changes will also allow the developers to build a hotel on the north side of the Interstate 70 interchange at Post Boulevard.
If the settlement is completed – and there’s more detail work to do on the deal – it will bring to an end a legal battle that began in 2009, when the town filed suit against the developers, alleging the developers were delinquent in $3.5 million in payments owed the town under the 1998 agreement.
The developers countersued – with a damage request of $300 million – alleging that town officials had prevented any building at the project beyond the three commercial buildings already there, as well as the Buffalo Ridge apartments on the north side of i-70.