Council annexes Pine Canyon property, approves planned‑development zoning and vested‑rights development agreement

The Town Council unanimously approved a package of actions on May 20 to bring the 533.445‑acre Pine Canyon property into the town: an annexation ordinance, permanent initial planned‑development zoning, and an annexation‑and‑vested‑rights development agreement that carries site‑specific vested rights through Dec. 31, 2050.

What the council approved: the three ordinances (listed on the meeting agenda as items 19–21) allow a PD plan that includes up to 1,800 residential units (800 single‑family units concentrated east of I‑25 and 1,000 multifamily units generally sited near I‑25 and on the west side), roughly 600,000 square feet of business/light industrial on the west side, park and open space dedication totaling more than 33% of the property, a dedicated school parcel, and a central ‘‘resort/spa’’ planning area that may be built as either hotel‑branded residences or as up to 75 single‑family homes if a resort use does…