The Town of Mountain Village was originally an approved San Miguel County Planned Unit Development (PUD) for the Telluride Company with an executed final PUD approval on Dec. 22, 1981 and furthered by a final agreement and plat, (amended through Dec 17, 1992) and recorded on January 19, 1993.
The Telluride Company and San Miguel County agreed to density limitations as a condition of PUD approval of a total of 8,015 (with exceptions and notations) person equivalents. A zoning and final PUD plat map was produced that assigned all the density to lots throughout the development.
A condition of County approval allowed the Town density to be transferred within the PUD boundary.
When the Town of Mountain Village incorporated in 1995, San Miguel County sued Mountain Village in an effort to retain land use jurisdiction pursuant to the PUD which resulted in a settlement agreement with the County which was recorded on September 8, 1999.
As a compromise, the settlement agreement established person equivalents, for a list of dwelling unit types, also called zoning designations, consistent with the zoning designations and densities assigned through the PUD. This reaffirmed the density limitation (commonly called density cap) from the PUD.
The settlement agreement increased the total person equivalent density of the Mountain Village to 8,027 person equivalents, also referred to as the Density Limitation 1.
