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HomeMy WebLinkAbout07.0 Approved Development Phasing ScheduleSPRING VALLEY RANCH PUD ESTIMATED DEVELOPMENT PHASING SCHEDULE Phase Elements Estimated Start of Construction Estimated Completion of Construction Phase 1 0 Cabin Lots April 2008 (see Note 1 on Sheet 5) November 2008 0 Estate Lots 0 Ranch Lots 1 Pasture Lots 1 Sales Office 1 Gate House 5 Open Space Parcels Phase 2 20 Cabin Lots April 2008 through April 2014 depending on economic and marketing conditions 20 Months after Start of Construction 26 Estate Lots 9 Ranch Lots 0 Pasture Lots 4 Open Space Parcels 1 Light Industrial Parcel Fire Station in accordance with the requirements of the AHJ Emergency Access Road extended along the alignment of Highgrange Pass to the Landis Creek entrance at CR115 in accordance with the requirements of the AHJ CR114 Improvements: From Road Centerline Station 160+00 as depicted on Sheet R41 of Exhibit 26 near CMC to the Main Project Entrance Phase 3 21 Cabin Lots April 2008 through April 2015 depending on economic and marketing conditions 20 Months after Start of Construction 39 Estate Lots 17 Ranch Lots 0 Pasture Lots 1 Mountain Lot 1 RR Parcel 2 Open Space Parcels Phase 4 8 Cabin Lots April 2008 through April 2016 depending on economic and marketing conditions 20 Months after Start of Construction 0 Estate Lots 0 Ranch Lots 0 Pasture Lots 20 Workforce Housing Units (see Note 3) 4 Village Center Parcels 3 Open Space Parcels AUGUST 2007 PAGE 1 OF 6 SPRING VALLEY RANCH PUD ESTIMATED DEVELOPMENT PHASING SCHEDULE Phase Elements Estimated Start of Construction Estimated Completion of Construction Phase 5 48 Cabin Lots April 2009 through April 2018 depending on economic and marketing conditions 20 Months after Start of Construction 7 Estate Lots 14 Ranch Lots 0 Pasture Lots 3 Open Space Parcels Emergency Access Roads extended along the alignments of Ouray Trail and Sapinero Trail to Highgrange Pass in accordance with the requirements of the AHJ Phase 6 22 Cabin Lots April 2009 through April 2019 depending on economic and marketing conditions 20 Months after Start of Construction 34 Estate Lots 18 Ranch Lots 0 Pasture Lots 1 Utility Parcel 3 Open Space Parcels CR115 Improvements: From CR114 to the Landis Creek Entrance to the Project Phase 7 13 Cabin Lots April 2009 through April 2020 depending on economic and marketing conditions 20 Months after Start of Construction 24 Estate Lots 1 RE Parcel 16 Ranch Lots 0 Pasture Lots 10 CH Units 2 CH Parcels 2 Open Space Parcels Phase 8 0 Cabin Lots April 2010 through April 2021 depending on economic and marketing conditions 20 Months after Start of Construction 8 Estate Lots 26 Ranch Lots 0 Pasture Lots 24 CH Units 1 CH Parcels 0 Utility Parcel 0 Open Space Parcels Emergency Access Roads extended along the alignments of Red Cliff Loop to Highgrange Pass in accordance with the requirements of the AHJ CR114 Improvements: From the End of the Phase 2 Improvements near CMC to the Intersection with State Hwy 82 AUGUST 2007 PAGE 2 OF 6 SPRING VALLEY RANCH PUD ESTIMATED DEVELOPMENT PHASING SCHEDULE Phase Elements Estimated Start of Construction Estimated Completion of Construction Phase 9 0 Cabin Lots April 2010 through April 2022 depending on economic and marketing conditions 20 Months after Start of Construction 0 Estate Lots 15 Ranch Lots 0 Pasture Lots 20 CH Units 1 Open Space Parcels 0 Utility Parcel Phase 10 0 Cabin Lots April 2010 through April 2023 depending on economic and marketing conditions 20 Months after Start of Construction 0 Estate Lots 6 Ranch Lots 0 Pasture Lots 21 CH Units 1 CH Parcels 0 Open Space Parcels AUGUST 2007 PAGE 3 OF 6 SPRING VALLEY RANCH PUD ESTIMATED DEVELOPMENT PHASING SCHEDULE Phase Elements Estimated Start of Construction Estimated Completion of Construction Mountain Phase 1 11 Mountain Lots April 2007 through April 2013 depending on economic and marketing conditions 20 Months after Start of Construction Emergency Access Road through Mountain Phase 2 & 3 and down Landis Creek (see Note 2) Mountain Phase 2 11 Mountain Lots April 2008 through April 2014 depending on economic and marketing conditions 20 Months after Start of Construction Mountain Phase 3 10 Mountain Lots April 2008 through April 2015 depending on economic and marketing conditions 20 Months after Start of Construction Mountain Phase 4 15 Mountain Lots April 2008 through April 2016 depending on economic and marketing conditions 20 Months after Start of Construction 1 Utility Parcel Mountain Phase 5 16 Mountain Lots April 2008 through April 2017 depending on economic and marketing conditions 17 Months after Start of Construction Mountain Phase 6 6 Mountain Lots April 2008 through April 2018 depending on economic and marketing conditions 20 Months after Start of Construction AUGUST 2007 PAGE 4 OF 6 SPRING VALLEY RANCH PUD ESTIMATED DEVELOPMENT PHASING SCHEDULE Phase Elements Estimated Start of Construction Estimated Completion of Construction Mountain Phase 7 5 Mountain Lots April 2008 through April 2019 depending on economic and marketing conditions 20 Months after Start of Construction Mountain Phase 8 3 Mountain Lots April 2009 through April 2020 depending on economic and marketing conditions 20 Months after Start of Construction Mountain Phase 9 3 Mountain Lots April 2009 through April 2021 depending on economic and marketing conditions 20 Months after Start of Construction Mountain Phase 10 3 Mountain Lots April 2009 through April 2022 depending on economic and marketing conditions 20 Months after Start of Construction Mountain Phase 11 8 Mountain Lots April 2009 through April 2023 depending on economic and marketing conditions 17 Months after Start of Construction AUGUST 2007 PAGE 5 OF 6 SPRING VALLEY RANCH PUD ESTIMATED DEVELOPMENT PHASING SCHEDULE Note 1 (applies to entire schedule): The estimated start date for Phase 1 of April 2008 is based on the assumption that the Final Plat for Phase 1 will be approved prior to April 2008. In the event that the Final Plat for Phase 1 is approved after April 1, 2008, then the start date for Phase 1 will be the April following the Final Plat approval. In this event, the start dates for each subsequent phase shall be adjusted accordingly to correspond to the difference between the estimated start date for Phase 1 of April 2008 and the actual start date for Phase 1 based on the date of approval of the Final Plat for Phase 1. The reference to "depending on economic and market conditions" refers to the period of time between the start dates. With respect to the time periods set forth in the column entitled "Estimated Completion of Construction," these estimated time periods may be shorter if required in the applicable subdivision improvements agreement. Notwithstanding any dates to the contrary, the Final Plats for all lots in all phases must be approved no later than 15 years after the date of the approval of the Final Plat for Phase 1. Each phase must be developed sequentially in a manner to insure the installation of the appropriate infrastructure and other related improvements for each phase consistent with the requirements of the Garfield County Zoning Resolution and Subdivision Regulations. Note 2: The emergency access road must meet the applicable minimum standards of the International Fire Code and the design must be acceptable to the Glenwood Springs Fire Department Note 3: The workforce housing units may be placed into other phases provided that the parcel in which the units are to be placed is platted and work force housing is a permitted use within the zone district of the parcel. H:\01269\18\submittal\Exhibit 21\[development schedule 20070814.xls]Note AUGUST 2007 PAGE 6 OF 6