HomeMy WebLinkAbout2025-47 A Resolution Supporting Eagle River Water & Sanitation District Ballot Issue 6A Funding Regional Wastewater Facility Upgrades through a General Obligation BondRESOLUTION No. 47,
SERIES OF 2025
A RESOLUTION SUPPORTING EAGLE RIVER WATER & SANITATION DISTRICT BALLOT
ISSUE 6A FUNDING REGIONAL WASTEWATER FACILITY UPGRADES THROUGH A
GENERAL OBLIGATION BOND
WHEREAS, the Town of Vail is a home rule municipality in Colorado; and
wastewater services for its service area from Vail to Cordillera; and
WHEREAS, the District is required pursuant to state regulations to upgrade the Regional
Wastewater Treatment Facility by 2029; and
WHEREAS, these upgrades are essential to maintain regulatory compliance, protect
water quality in Gore Creek and the Eagle River, and address aging infrastructure; and
WHEREAS, this public project is estimated to cost $93 million, which will require the
District to secure debt through a bonding mechanism; and
eneral Obligation Bond is the appropriate
bonding mechanism, resulting in lower overall costs for most taxpayers compared to rate
increases if the project were funded through the alternative revenue bond; and
coordinated election ballot asking voters whether the project should be funded through a GO
bond; and
WHEREAS, the Colorado Fair Campaign Practices Act expressly authorizes local
governments to adopt and distribute in normal fashion a Resolution regarding any ballot issue of
import to that local government;
NOW THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN
OF VAIL, COLORADO THAT:
The Vail Town Council acknowledges the importance of the state-mandated project at the
Regional Wastewater Facility and recognizes that a General Obligation bond would generally
provide a more affordable financing mechanism and encourages voters to carefully consider
ballot measure 6A on the November 4, 2025, coordinated election.
INTRODUCED, PASSED AND ADOPTED at a regular meeting of the Town Council
of the Town of Vail held this 21st day of October, 2025.
_________________________
Travis Coggin, Mayor
ATTEST:
___________________________
Stephanie Kauffman, Town Clerk