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08-18-14 Snowmass Acquisition Company Application SC ;f/0 -ky /LeM.!) 411' " ..ccam, ','^� - - Snowmass Acquisition Company LLC ; Application for Minor PUD . =j . .. . - �t ^ Amendment 4 . _ •t'. 41! na.\ fir Y .$ • la ...�, August 18, 2014 • rj-. t77i, • ..- L._ ,1_ „Ar. i—' `....7 rRELATED Agenda I . Minor PUD Amendment II . Sample Development Timeline III . Vesting Milestones Overview IV. October 15th PUD Submission Participants (: RELATED 2 I. Minor PUD Amendment GOAL: Establish a framework for the future of Base Village so that stakeholders can work together towards completing the development in a timely and organized fashion ➢ Essential for funding sources ➢ Essential for new partners, like Aspen Skiing Company ➢ Essential for continued economic recovery in Snowmass Village GRELATED 3 I . Minor PUD Amendment PI; � SAC, TOSV Staff, & Planning Commission Recommended Milestones Vested Property Rights Initial Vesting — November 3, 2014 Two Steps: 1. 4 year extension to November 3, 2018 2. 1 year automatic extension to November 3, 2019 Expiration — November 3, 2024 No Change PUD Conditions a . Submit Application (s) for PUD October 15, 2014 Amendment b. PUD Amendment Action Date May 31, 2015 GRELATED 4 I . Minor PUD Amendment SAC, TOSV Staff, & Planning Commission Recommended Milestones Public Development Conditions Roundabout a. Submission of Construction October 1, 2014 Documents b. Applicant to provide financial Within 30 days of PUD approval security c. Commence Construction June 1, 2015 d. Substantial Completion November 1, 2015 e. Final Completion July 1, 2016 1: RELATED 5 I . Minor PUD Amendment PI* SAC, TOSV Staff, & Planning Commission Recommended Milestones Public Development Conditions Upper Wood Road Improvements a. Submission of Construction October 1, 2015 Documents b. Applicant to provide financial Within 30 days of PUD approval security c. Commence Construction May 1, 2017 d. Substantial Completion November 1, 2017 r: R ELATED 6 I . Minor PUD Amendment SAC, TOSV Staff, & Planning Commission Recommended Milestones Public Development Conditions Snowmelt System a. Commence Construction May 1, 2017 b. Substantial Completion November 1, 2017 Community Facility Conditions a. Submission of Construction October 1, 2016 Documents b. Substantial Completion November 1, 2018 (: RELATED 7 I . Minor PUD Amendment !IV SAC, TOSV Staff, & Planning Commission Recommended Milestones Private Development Conditions a. Commence Construction 13B July 1, 2015 b. Substantial Completion 13B December 31, 2016 c. Substantial Completion Lot 3 November 1, 2018 d. Substantial Completion Lot 2 November 1, 2019 Other Items PUD Action Date Delay — If no action All milestones to be extended by 1 year taken by May 31, 2015: (excl. comm facility and Lot 2 & 3) i (2e/cccL 1: RELATED 8 II . Sample Development Schedule Lot 3 (Building 6, 7 & 8) ➢ Entitlement Process • October 15, 2014 — May 31, 2015 ➢ Design Development Period • May 31, 2015 — March 30, 2016 ➢ Permit Period • April 1, 2016 — July 30, 2016 ➢ Construction Period • August 1, 2016 — November 30, 2018 ➢ Total Development Timeline • ^'48 Months 0414 Q115 0215 031.5 Q4 15 Q116 0216 0316 0416 Q117 0217 0317 0417 Q1 18 Q2 1R 03 IR 0418 v Tack Name Orr Nov (hr /an Feb Maw Apr May Jun 1,4 Auq Sep Ort Nov Der Jan Feb Mar Apr May Jun IN Any Sea Orr Nov Der Ian Feb Mar Apr May Mn huf Ana Sep CS, Noy Der Ian Feb Mor AM May Jun 0a Awl Sep (Nt Nov t Entitlements 7 Months 7 Lot 3 Design 11 Months 3 Lot 3 Permit a Lot 3 Construction IRELATED 9 III . Vesting Milestones Entitled 1 2004 - Vesting Commencement Completion of phase 2b 2014 - Initial Vesting 2024 Vesting Expiration I IRELATED 10 III . Vesting Milestones Proposed 4Itt Vesting Commencement I 19 01 1 2014 4,U ,c)- -1 Roun Peer PUD Upper Round CommI 13b Snow c. LC4.9-Q3E4 AboutWood Wood = About Facility Melt Lot 3 Action CD's pm tod C� CD� �� �� tili ii: • ..." . ® (Xe© o tCommAbout About - out Facility+ t i 2019 - Extended Initial Vesting 2024 - Vesting Expiration I II RELATED 11 IV. October 15th PUD Submission Participants F. Engaged Participant/Partner Scope/Task Key Leader Aspen Skiing Company Limelight Hotel Don Schuster Aspen Skiing Company Mountain Operations Steve Sewell Oz Architecture Lead Architect for BV Becky Stone / Mairi Mashburn BBC Fiscal Impact Analysis Ford Frick Felsburg Holt & Ullevig Transportation Impact Analysis Chris Fasching PCL General Contractor Randy Bennett Tetra Tech Civil Engineer- General Chris Durloo Gould Construction Roundabout Development Mark Gould SGM TOSV Civil Engineer Gordon Dean Sopris Engineering Civil Engineer - Roundabout Yancy Nichols TOSV Community Development Roundabout/ BV Julie Ann Woods TOSV Public Works Roundabout/ BV Anne Martens SWSD Roundabout/ BV Kit Hamby Conoco Gas Station Roundabout Jeff&Jeff Landworks Design Landscape Architect Gary Worthley Aspen Valley Hospital Medical Clinic Daniel Bonk/ Elaine Gerson Discovery Mammoth Community Facility Tom Cardamone RELATED 12 cI. a"a_LV-13 2i J • 44101* �, _ t r,ws 1 'A ri, ...'",44....,... t "^4 4 e'✓' b ti * , ' a "2 s us e a ' e, 3 fib, her aft ` r� x,• " t.';O`s '.*' i' a.,''y"G.. ,' ""1 '-."' °F ' t'' a y 't t ,� A„,f ..A''.-3' :*° + >$ F * a. y.4 b. r .z r,r#"w 'tlr 3 ,+.' .a saannsud suo�.santj