HomeMy WebLinkAbout2025-32 A Resolution of the Vail Town Council Submitting a Ballot Issue to the Registered Electors of the Town at the Town's Regular Election on November 4, 20257/30/2025
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RESOLUTION NO. 32
SERIES 2025
A RESOLUTION OF THE VAIL TOWN COUNCIL SUBMITTING A
BALLOT ISSUE TO THE REGISTERED ELECTORS OF THE TOWN AT
THE TOWN'S REGULAR ELECTION ON NOVEMBER 4, 2025
WHEREAS, the Town Council wishes to submit a ballot issue to the registered
electors of the Town at the Town's regular election on November 4, 2025.
NOW THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE
TOWN OF VAIL:
Section 1. The following ballot issue shall be submitted to the Town's
registered electors at the November 4, 2025 regular election:
SHALL TOWN OF VAIL TAXES BE INCREASED $8,700,000 IN THE
FIRST FULL FISCAL YEAR AND BY WHATEVER AMOUNTS ARE
RAISED ANNUALLY THEREAFTER, BY THE LEVY OF A NEW TAX ON
SHORT-TERM RENTAL ACCOMMODATIONS AT A RATE OF SIX
PERCENT (6%) OF THE TOTAL CONSIDERATION PAID FOR SUCH
ACCOMMODATIONS, TO TAKE EFFECT ON JANUARY 1 2026, WITH
THE REVENUES FROM SUCH TAX TO BE USED TO FUND HOUSING
ACTIVITIES, HOUSING DEVELOPMENTS, HOUSING PROGRAMS
AND RELATED ACTIVITIES INSIDE AND OUTSIDE OF THE TOWN;
AND SHALL THE REVENUES FROM SUCH TAX AND ANY
INVESTMENT EARNINGS THEREON BE COLLECTED AND SPENT
BY THE TOWN FOR THE ABOVE-STATED PURPOSES AS A VOTER-
APPROVED REVENUE CHANGE, WITHOUT REGARD TO ANY
SPENDING, REVENUE-RAISING OR OTHER LIMITATION
CONTAINED IN ARTICLE X, SECTION 20 OF THE COLORADO
CONSTITUTION OR ANY OTHER LAW?
Yes ____ No _____
INTRODUCED, READ, APPROVED AND ADOPTED THIS 5
th day of August,
2025.
______________________________
Travis Coggin, Mayor
ATTEST:
____________________________
Stephanie Kauffman, Town Clerk