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Developer offers 20% workforce deed restriction but no AMI cap; covenant work to continue
Summary
The applicant voluntarily offered a 20% deed restriction for workforce housing and a priority leasing approach for local employers but told the commission there is no AMI limit proposed; staff said a draft workforce covenant is under negotiation and will be part of the development agreement considered by Town Council.
The development team said it will deliver a 20% workforce housing component through a deed restriction and a priority-leasing preference for Dillon employees, and that the project is being privately funded without public subsidy. Commissioners pressed whether the deed-restricted units will include an AMI (Area Median Income) cap; staff and the applicant said no AMI restriction has been proposed and the workforce covenant remains in draft form.
Staff explained the covenant and development agreement process and said the town attorney is working with the applicant to finalize the language that will be recorded at the time of the PUD and development agreement. "That has not been proposed in the draft workforce housing covenant agreement we're working on with the town attorney," staff said, describing the current position. The commission asked that the covenant include monitoring and a clear trigger tying the restrictive covenant to building permits or final occupancy.
