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HomeMy WebLinkAbout2026-04-07 Town Council Evening Meeting Agenda and Supporting Documentation1.Call to Order (6:00pm) 2.Proclamation (6:00pm) 2.1 Proclamation No. 1, Series of 2026 National Donate Life Month 5 min. Read Proclamation into record. Presenter(s): Barry Davis, Mayor Background: April is National Donate Life Month. The goal is to raise awareness about organ, eye, and tissue donation, encourage Americans to register as donors and honor those that have saved and healed lives through the gift of donation. 3.Any Action as a Result of Executive Session 4.Public Participation (6:05pm) 4.1 Public Participation (10 mins.) 5.Appointments for Boards and Commissions (6:15pm) 5.1 Building Fire Code and Appeals Board (BFCAB) Appointments Move to reappoint Brandon Chalk, Rollie Kjesbo, Mark Muller and Steven Loftus to service on the BFCAB for a two-year term, ending March 31, 2028. 5.2 Planning and Environmental Commission (PEC) Appointments Motion to approve Bill Jensen, Kathryn Middleton, John VAIL TOWN COUNCIL MEETING Evening Session Agenda Vail Town Council Chambers and virtually by Zoom. Zoom meeting link: https://vail.zoom.us/webinar/register/WN_8TXxuiKCRjCK6TPoAjs2WA 6:00 PM, April 7, 2026 Notes: Times of items are approximate, subject to change, and cannot be relied upon to determine what time Council will consider an item. Public comment will be taken on each agenda item. Public participation offers an opportunity for attendees to express opinions or ask questions regarding town services, policies or other matters of community concern that are not on the agenda. Please keep comments to three minutes; time limits established are to provide efficiency in the conduct of the meeting and to allow equal opportunity for everyone wishing to speak. 2026-01 National Donate Life Month.docx public participation.pdf 1 Rediker and Lauren Wallace to service on the PEC for a two- year term, ending on March 31, 2028. 6.Consent Agenda (6:15pm) 6.1 March 3, 2026 TC Meeting Minutes 6.2 March 17, 2026 TC Meeting Minutes 6.3 Resolution No. 10, Series of 2026, A Resolution Approving an Amended Operating Plan and Budget of the Vail Local Marketing District, for its Fiscal Year January 1, 2026 through December 31, 2026 Approve, approve with amendments, or deny Resolution No. 10, Series of 2026. Background: The Vail Local Marketing District requests approval or approval with changes to the proposed supplemental budget, which will be increasing expenditures. 6.4 Resolution No. 11, Series of 2026, A Resolution Approving A State of Colorado Subaward Agreement between the Town of Vail and the Colorado Department of Transportation to Receive Funding for Capital, Planning, and Operating Assistance to Support Public Transporation Approve, approve with amendments, or deny Resolution No. 11, Series of 2026. Background: The Town and the Colorado Department of Transportation wish to enter into an agreement for the purpose of providing grant funding for capital, planning, and operating assistance to support public transportation 6.5 Resolution No. 12, Series of 2026, A Resolution Approving a Revocable License Agreement between the Town of Vail and the United States Geological Survey Regarding Installation of a Stream Gage at Bighorn Approve, approve with amendments, or deny Resolution No. 12, Series of 2026. Presenter(s): Chad Salli Background: The United States Geological Survey (USGS) has requested to install and maintain a stream gage monitoring station in Gore Creek at Bighorn Park. The proposed location is just upstream from the private pedestrian bridge across Gore Creek to the Gore Creek Meadows condominiums. The stream gage is to be in place for a 10 year period. 030326 TC meeting minutes.pdf 031726 TC meeting minutes.pdf TOV Resolution No. 10, 2026.pdf 2026 VLMD 1st Supplemental Memo - TOV Version.pdf Resolution 11 2026 CDOT_Subaward_Agreement.docx Envelope_Created_CDOT_-_Town_of_Vail_5311_Su.pdf Council Memo4-7-26.docx 2 6.6 Contract Award to GH Daniels III and Associates for Vail Art Studio North Lawn Landscape Authorize Town Manager to enter into an agreement, in a form approved by the Town Attorney, with GH Daniels III and Associates for the Vail Art Studio North Lawn Landscape, in an amount not to exceed $115,000.00. Background: The purpose of this agenda item is to request the Town Council award a contract to GH Daniels III and Associates for the installation of landscape improvements at the Vail Art Studio in Ford Park. 6.7 Contract Award to Rocky Mountain Custom Landscapes, Inc for 10th Mountain Division Memorial Landscape Renewal Authorize the Town Manager to enter into an agreement, in a form approved by the Town Attorney, with Rocky Mountain Custom Landscapes, Inc for the 10th Mountain Division Memorial Landscape Renewal, in an amount not to exceed $134,262.74. Background: The purpose of this item is to request that the Town Council approve a contract award to Rocky Mountain Custom Landscapes, Inc. for landscape, irrigation, and stonework at the 10th Mountain Memorial adjacent to the covered bridge. 6.8 Contract Award to Schofield Excavation for 2026 Vail Overlay Authorize the Town Manager to enter into a contract, in a form approved by the Town Attorney, with Schofield Excavation for 2026 Vail Overlay, in an amount not to exceed $287,300.00. Background: This contract is for the 2026 asphalt road resurfacing project. An asphalt mill and overlay will be performed on Westhaven Dr, Westhaven Circle, and Greenhill Court. 6.9 Contract Award to Structural Preservation Systems, LLC for Structural Repairs in Lionshead and Vail Village Parking Structures Authorize the Town Manager to enter into an agreement, in a form approved by the Town Attorney, with Preservation Systems, LLC for Structural Repairs in Lionshead and Vail Village Parking Structures, in an amount not to exceed $175,000.00. Background: The purpose of this item is to award a 2026 contract to Structural Preservation Systems, LLC to perform construction services for structural repairs to the Lionshead and Vail Village parking structures. Resolution 12, 2026.pdf TC Memo 4-7-26 - Vail Art Studio North Lawn Contract Award.pdf TC memo 4-7-26.pdf council memo-overlay 2026.docx Structure Contract Award 2026.docx 3 7.Presentation/ Discussion (6:15pm) 7.1 Recommendations on Summer Parking Fees (6:15pm)30 min. Listen to presentation and provide feedback. Presenter(s): Tom Kassmel, Director of Public Works and Transportation, and Stephanie Kashiwa, Parking Supervisor Background: The purpose of this item is to provide Town Council the Parking and Mobility Task Force recommendation for Summer 2026 Parking Program and request Town Council approve the recommended elements of the Summer 2026 Parking Program. 8.Action Items (6:45pm) 8.1 Permission to Proceed Vails Trails East (6:45pm)15 min. Approve, approve with amendments, or deny permission to proceed for Vails Trails East. Presenter(s): Greg Roy, Planning Manager Background: The applicant, Vail Trails East HOA, represented by Ceres+ Landscape Architecture, is requesting approval for permission to update the landscaping in the adjacent Tract A parcel between Vail Trails East and Texas Townhomes. Tract A is part of the Town of Vail Stream Tract. 8.2 Resolution No. 13, Series of 2026, A Resolution Approving a Temporary Construction Easement between the Town of Vail and the Eagle River Water and Sanitation District to the Allow for the Staging of Construction Materials on Town Owned Property (7:00pm) 10 min. Approve, approve with amendments, or deny Resolution No. 11, Series of 2026. Presenter(s): Chad Salli, Town Engineer Background: Eagle River Water and Sanitation District is planning on replacing water lines that run along the back lot lines in the Matterhorn subdivision with a new water main in Geneva Drive. 8.3 Ordinance No. 3, Series of 2026, First Reading, An Ordinance Amending Chapter 11 of Title 7 of the Vail Town Code, Concerning Waste and Recycling Collection Vehicles in Certain Pedestrian Mall Areas (7:10pm) 10 min. Approve, approve with amendments, or deny Ordinance No. 3, Series of 2026 upon first reading Presenter(s): Chief Ryan Kenny, Vail Police Department Council Memo 04.07.26 Summer 2026 Parking Program.doc Summer 2026 Parking - Council - 04.07.26.pptx Council_Parking_020326.pdf Council Memo VTE 4-7-26.pdf Attachment A. Applicant Narrative.pdf Council Memo4-7-26.pdf Resolution No 13 Series 2026 ERWSD TCE.docx ERWSD Temporary Easement Request - rev1.pdf 4 Background: This item proposes to reduce pollution, congestion, noise and related health concerns created by waste and recycling collection vehicles in the Bridge Street portion of the Town's pedestrian mall area. 8.4 Ordinance No. 4, Series of 2026, First Reading, An Ordinance Making Budget Adjustments to the Town of Vail General Fund, Capital Projects Fund, Internal Employee Housing Rental Fund, Timber Ridge Fund, Health Insurance Fund, and Dispatch Services Fund of the 2026 Budget for the Town of Vail, Colorado; and Authorizing the Said Adjustments as Set Forth Herin; and Setting Forth Details in Regards Thereto (7:30pm) 30 min. Approve, approve with amendments, or deny Ordinance No. 4, Series of 2026 upon first reading. Presenter(s): Carlie Smith, Finance Director and Jake Shipe, Budget Analyst 9.Adjournment 8:00pm (estimate) garbagetrucks.docx Waste and Recycling Vehicles-O032526.docx 2026 1st Supplemental Budget - Memo.pdf Ord #4 - 1st Supp 2026 1st Reading.pdf 2026 1st Supplemental Budget - Presentation.pdf Meeting agendas and materials can be accessed prior to meeting day on the Town of Vail website www.vail.gov. All Town Council meetings will be streamed live by High Five Access Media and available for public viewing as the meeting is happening. The meeting videos are also posted to High Five Access Media website the week following meeting day, www.highfivemedia.org. Please call 970-479-2460 for additional information. Sign language interpretation is available upon request with 48 hour notification dial 711. 5 AGENDA ITEM NO. 2.1 Item Cover Page DATE:April 7, 2026 TIME:5 min. SUBMITTED BY:Stephanie Bibbens, Town Manager ITEM TYPE:Proclamation AGENDA SECTION:Proclamation (6:00pm) SUBJECT:Proclamation No. 1, Series of 2026 National Donate Life Month SUGGESTED ACTION:Read Proclamation into record. PRESENTER(S):Barry Davis, Mayor VAIL TOWN COUNCIL AGENDA ITEM REPORT ATTACHMENTS: 2026-01 National Donate Life Month.docx 6 Proclamation No. 1, Series of 2026 National Donate Life Month WHEREAS, this April 2026 marks the 23rd National Donate Life Month, a time to raise awareness of organ, eye, and tissue donation, encourage Americans to register as donors, and honor those who have saved and healed lives through the gift of donation; WHEREAS, Colorado has been a leader in the nation with nearly 900,000 Coloradans registering to be organ, eye, and tissue donors at the DMV; WHEREAS, Donor Alliance, along with their Colorado State Team community partner, the Chris Klug Foundation, educate residents in Colorado and Wyoming on the lifesaving benefits of organ and tissue donation, inspire them to register as donors, and encourage them to share their decision with their family; WHEREAS, one donor can save up to 8 lives through organ donation, restore sight in up to 2 people through cornea transplants, and save and heal more than 75 lives through tissue donation; WHEREAS, in Colorado and most of Wyoming in 2025, a record 314 heroic organ donors provided 1,036 lifesaving transplants, and 1,880 heroic tissue donors saved and healed more than 140,000 lives with tissue grafts; WHEREAS, registering gives hope to more than 1,400 people in Colorado and Wyoming waiting for a lifesaving organ transplant, while compassionately celebrating donors and their families for the gift of life; and WHEREAS, organ, eye, and tissue donation would not be possible without our community coming together for one united purpose. Saying “Yes” to be an organ, eye, and tissue donor means you are not just checking a box—you are saving and healing lives; NOW, THEREFORE, the Mayor and Vail Town Council do herby proclaim the month of April 2026 as National Donate Life Month. Dated this 7th day of April, 2026. Vail Town Council Attest: ___________________________ Barry Davis, Mayor Stephanie Kauffman, Town Clerk 7 AGENDA ITEM NO. 4.1 Item Cover Page DATE:April 7, 2026 SUBMITTED BY:Stephanie Bibbens, Town Manager ITEM TYPE:Citizen Participation AGENDA SECTION:Public Participation (6:05pm) SUBJECT:Public Participation (10 mins.) SUGGESTED ACTION: VAIL TOWN COUNCIL AGENDA ITEM REPORT ATTACHMENTS: public participation.pdf 8 Caution: This is an external email. Please take care when clicking links or opening attachments. When in doubt, contact Vail IT Department From:RICK SACKBAUER To:Council Dist List Subject:Tonight"s meeting 8.1 Date:Tuesday, April 7, 2026 10:04:48 AM Hello Barry, Reid, Dave, Sam, Jonathan, Kim and Kevin, It my intent to attend tonight’s Council meeting to discuss Item 8.1 Permission to Proceed Vail Trails East. I ask that Council TABLE action because: 1. On October 23, 2025 I was onsite with TOV staff and the contractor, R.A. Nelson. I asked TOV staff how and when they would know if the project was operating properly. TOV staff said they would have to wait until the summer/fall of 2026. 2. The grading and revegetation/reseeding of Texas Townhomes Unit 1 has yet to commence. 3. I am concerned because during and after each and every rain event this tiny bioswale willl need to safely contain and disperse: -all the water from the All Season’s parking lot (approximately 40 spaces) -all the water from the TOV snow storage / VRD pickleball parking lot (10 spaces) -all the water from the Texas Townhomes parking lot (approximately 30 spaces) -all of the water from some of he roof of Texas Townhome Unit #1 Please TABLE action tonight until the TOV staff has the opportunity to evaluate and report back on the success or failure of the bioswale as currently designed and constructed. Thanks for thhe opportunity to comment. Rick Sackbauer 9 Caution: This is an external email. Please take care when clicking links or opening attachments. When in doubt, contact Vail IT Department From:Henry Gordon To:Council Dist List; allvrdboard@vailrec.com; courtney.oconnell@manorvail.com; rbrown@vaildaily.com; btrollinger@vaildaily.com Cc:atprochnow@gmail.com; woodhull1068@gmail.com; eawoodhull@gmail.com; enriquef@me.com; alisoncurwen@gmail.com; fionaaustin612@gmail.com Subject:Golden Peak Pickleball Court and Porta Potty Date:Tuesday, March 31, 2026 10:17:51 AM Some people who received this message don't often get email from hgordon@strataresourcesinc.com. Learn why this is important Town of Vail, Is it time to relocate the Golden Peak pickleball courts? After our unusual winter now is an opportune time to consider a year-round world class pickleball facility at a different location. How great would it have been this winter if skiers had another option to enjoy the wonders of Vail. The tennis courts never seem to be busy or used much at all. The Golden Peak location is occupied to near capacity from 8 AM to 8 PM in the summer and, regardless of the noise fence, the constant click of 6 balls for 12 hours is taxing for the neighbors. I understand the popularity of pickleball, but if you are being honest, would anyone want a pickleball location in front of their home? When the current location was voted on the town declared the noise was "not more than a tennis ball," the landscaping would be a deterrent from the noise, and bathrooms would be placed on the south side of the courts. To use the phrase, "give an inch and they will take a mile", the town has now placed a Porta Potty next to the barriers on the NW corner. Is it not enough for the neighbors to hear the constant clack for 12 hours, but now must look out our front windows and see a Porta Potty? I know the town of Vail can do so much better. Henry Gordon 483 Gore Creek Drive, Units 2A, 2B, 5B, & 7B Vail, CO 81657 303-468-1117 / hgordon@strataresourcesinc.com 10 Caution: This is an external email. Please take care when clicking links or opening attachments. When in doubt, contact Vail IT Department From:Kristin Salazar To:Public Input Town Council Subject:Red Lion Redevelopment Date:Thursday, March 19, 2026 6:51:29 AM Dear Vail Council, I have heard about and read the proposed redevelopment for the Red Lion Building. I have serious concerns what this would do to Vail as a whole. My family has owned homes in Vail since the 70's and my mother has been skiing Vail since the year it opened and I have been skiing Vail since 1986, when I was born. In fact, my mother skied Vail while she was pregnant with me. Vail has always been an important place in our lives and unfortunately, the Vail I go to now, is nothing like the Vail of my childhood. Instead of Vail being a skiers destination, with quirky shops, local flavor, and a real mountain feel, it has turned into another Aspen. Or shall I say, trying to be another Aspen. The normal shops have been taken over by stores like Gucci and Kemo Sabe. Losing The Rucksack and The Moose's Caboose was the start of Vail losing its originality. I'm afraid if the Red Lion leaves, all of original Vail will be gone, along with the charm of what made Vail so special for so long. I urge you to please not lose sight of what Vail was and always has been, a haven for real skiers and people who love Colorado and the outdoors. Turning Vail into your version of Aspen is detrimental to the people who have owned homes and loved Vail since its inception. Best, Kristin Rediehs-Salazar Village Center Condominiums Get Outlook for iOS 11 From:Karen Seaberg To:Public Input Town Council Subject:Red Lion Restaurant Closing Date:Thursday, March 19, 2026 3:18:54 PM Caution: This is an external email. Please take care when clicking links or opening attachments. When in doubt, contact Vail IT Department Dear Vail Town Council, I am appalled that there is a possibility of changing the Red Lion Building in favor of different lodging choices, music venues, MORE fancy shops etc. My family has been coming to Vail for over 35 years and have owned a condo at the Austriahaus for the past 27. One of our go-to places is the Red Lion Restaurant. Best burgers and nachos in town and an ambiance that is very different from the fancy restaurants we also go to. For Vail to tear down this building in favor of a very generically designed space is truly sad. Vail is a village, full of Austrian feel and ambiance. You see it throughout the village. What we love about Vail is that homey Austrian feel of Pepi’s, the Lancelot building, Gorsuch’s, Alpenrose, Bavaria House etc. You may not think so, but the Red Lion also has that feel with the beautiful lion on the front. Could the building be updated? Yes! But not without the historic nature of the Red Lion Restaurant being preserved within the front of it. Downstairs- really? There are plenty of small downstairs bars in Vail. That is not where we come to Vail to eat, drink and people-watch on Bridgestreet with our family. The Red Lion Restaurant is almost always full— its popularity is legendary. And oh, by the way, we also go to the Blue Cow every time we live in our home-away-from home. They are being forced out, so I suppose the Ice Cream Shoppe will be gone too. It is sad that small town businesses are not thought of as important on Bridgestreet. Granted the Red Lion building is old. Why isn’t the Vail Town Council thinking of the outdoor seating, music and history that lives within at least the front of this building. Or……is this all about money. Across from this building is Almresi and a beautiful condo building. Christy’s has added to the cozy Austrian feel with outside seating also. The Lodge at Vail has changed their look too. We have already lost Los Amigos with wonderful outdoor seating right on the mountain. Now we get to choose to be “members” of an upscale valet club that is only reserved for those members. I am disappointed that the owners of the Red Lion building are opposed to designing a new building that has the Austrian feel, highlighting the Red Lion Restaurant with its incredible history of the beginnings of our beautiful mountain. If this happens, shame on the owners of the building; and shame on the City Council if you let it happen. Please rethink this decision. They can design a better looking building and still incorporate the Red Lion Restaurant into the front. Respectfully, Karen Seaberg twoseabergs@msn.com +1 (913) 367-5823 12 Caution: This is an external email. Please take care when clicking links or opening attachments. When in doubt, contact Vail IT Department From:Emma Bonino To:Public Input Town Council Subject:The Red Lion Date:Sunday, March 22, 2026 9:25:31 AM Some people who received this message don't often get email from emmambonino@gmail.com. Learn why this isimportant To Whom It May Concern, I am 11 years old and I have been going to The Red Lion my whole life. I would love if The Red Lion could stay. It is a huge part of Vail and if we didn’t have it, Vail would change forever. Everyone loves it and many people don’t want it to go away. The Red Lion is a very loved place, with so many kind and helpful people working there. If the Red Lion isn’t there anymore then all of these kind people will lose their jobs. The Red Lion is my favorite place in Vail Village. Also, there are many clothing stores in Vail Village and only one Red Lion. The Red Lion is one of a kind and nothing can EVER replace it. It is such an awesome place and it should never go away. Thank you for taking my advice into consideration. Sincerely, Emma Bonino 13 Caution: This is an external email. Please take care when clicking links or opening attachments. When in doubt, contact Vail IT Department From:Collins Allison To:Public Input Town Council Subject:Save the Red Lion Date:Monday, March 23, 2026 9:57:40 PM Some people who received this message don't often get email from collinscallison@gmail.com. Learn why this isimportant Hi - I'm not sure who is going to read this, but sending a note to express my support for the movement to save the Red Lion. The Red Lion is the best bar in the Vail village, I've been going for years, and replacing it with a development would make the village experience worse for everyone. Best, Collins 14 Caution: This is an external email. Please take care when clicking links or opening attachments. When in doubt, contact Vail IT Department From:Xu, Wei To:Public Input Town Council Subject:save Blü Cow and local business Date:Saturday, March 28, 2026 2:54:01 PM Some people who received this message don't often get email from wei.xu@cc.gatech.edu. Learn why this isimportant Hi Town of Vail, I am writing in request of help to save "The Blü Cow" cafe, that is one of my favorite restaurants in the world. Having travelled around the world and eating in so many different restaurants, the chicken soup from "The Blü Cow" is what I look forward to every year and one of the reasons I love coming to vail every year -- these small businesses that are truly unique. Please intervene and save these local businesses that make vail different from other commercial ski resorts! Wei ----------------------- Wei Xu Associate Professor College of Computing Georgia Institute of Technology https://cocoxu.github.io/ 15 From:Lucia De La Mora To:Public Input Town Council Subject:Please save Red Lion!!! Date:Monday, April 6, 2026 9:40:10 PM [Some people who received this message don't often get email from delamoralucia@yahoo.com.mx. Learn why this is important at https://aka.ms/LearnAboutSenderIdentification ] Caution: This is an external email. Please take care when clicking links or opening attachments. When in doubt, contact Vail IT Department To whom it may concern, My name is Lucia de la Mora, I have been coming to Vail for 20 years. The Red Lion is a restaurant we visit every time we come to vail. We love to support local businesses and I feel that Vail has shifted its focus so much. If you want to open an Hermes shop, open it in one of the many closed shops in Lionshead. Please!!! Save the local shops and restaurants. Please save The Red Lion. You will lose all the people that have been coming to Vail for decades. Please. Best, Lucia 16 AGENDA ITEM NO. 5.1 Item Cover Page DATE:April 7, 2026 SUBMITTED BY:Stephanie Bibbens, Town Manager ITEM TYPE:Main Agenda AGENDA SECTION:Appointments for Boards and Commissions (6:15pm) SUBJECT:Building Fire Code and Appeals Board (BFCAB) Appointments SUGGESTED ACTION:Move to reappoint Brandon Chalk, Rollie Kjesbo, Mark Muller and Steven Loftus to service on the BFCAB for a two-year term, ending March 31, 2028. VAIL TOWN COUNCIL AGENDA ITEM REPORT ATTACHMENTS: 17 AGENDA ITEM NO. 5.2 Item Cover Page DATE:April 7, 2026 SUBMITTED BY:Stephanie Bibbens, Town Manager ITEM TYPE:Main Agenda AGENDA SECTION:Appointments for Boards and Commissions (6:15pm) SUBJECT:Planning and Environmental Commission (PEC) Appointments SUGGESTED ACTION:Motion to approve Bill Jensen, Kathryn Middleton, John Rediker and Lauren Wallace to service on the PEC for a two-year term, ending on March 31, 2028. VAIL TOWN COUNCIL AGENDA ITEM REPORT ATTACHMENTS: 18 AGENDA ITEM NO. 6.1 Item Cover Page DATE:April 7, 2026 SUBMITTED BY:Stephanie Bibbens, Town Manager ITEM TYPE:Consent Agenda AGENDA SECTION:Consent Agenda (6:15pm) SUBJECT:March 3, 2026 TC Meeting Minutes SUGGESTED ACTION: VAIL TOWN COUNCIL AGENDA ITEM REPORT ATTACHMENTS: 030326 TC meeting minutes.pdf 19 Town Council Meeting Minutes of March 3, 2026. Page 1 Vail Town Council Meeting Minutes Tuesday, 3, 2026 4:00 P.M. Vail Town Council Chambers The meeting of the Vail Town Council was called to order at approximately 4:00 P.M. by Mayor Davis Members present: Barry Davis, Mayor Reid Phillips, Mayor Pro Tem Samantha Biszantz Dave Chapin Kevin Foley Kim Langmaid Jonathan Staufer Staff members present: Russell Forrest, Town Manager Kathleen Halloran, Deputy Town Manager Stephanie Kauffman, Town Clerk Matt Mire, Town Attorney 1. Call to Order 2. Executive Session Council moved into executive session at timestamp 00:17 on the High Five video. Executive Session pursuant to: C.R.S. §24-6-402(4)(b) - to hold a conference with the Town Attorney, to receive legal advice on specific legal questions; C.R.S. §24-6-402(4)(a) to consider the purchase, acquisition, lease, transfer or sale of real, personal or other property; and C.R.S. §24-6-402(4)(e) - to determine positions relative to matters that may be subject to negotiations, develop a strategy for negotiations, and/or instruct negotiators on topic of a potential real property acquisition; and C.R.S. § 24-6-402(4)(b) to hold a conference with the Town Attorney, to receive legal advice on specific legal questions; and C.R.S. § 24-6-402(4)(e) to determine positions relative to matters that may be subject to negotiations, develop a strategy for negotiations and instruct negotiators on the topic of an Operating Agreement between the Town of Vail and Vail Park and Recreation District for Dobson Arena 3. Presentation/Discussion 3.1 Eagle River Water and Sanitation District Update 20 Town Council Meeting Minutes of March 3, 2026. Page 2 Eagle River Water and Sanitation District update began at timestamp 01:37 on the High Five video. Presenter(s): Siri Roman, General Manager, Eagle River Water and Sanitation District Information update. 3.2 Fire Department Access Requirements Fire Department Access Requirements discussion began at timestamp 47:23 on the High Five video. Presenters: Deputy Chief Ryan Ocepek, Vail Fire Department Listen to presentation. Background: Overview of the International Fire Code Dire Apparatus Access Requirements. 3.3 Booth Creek Prescribed Fire Booth Creek Prescribed Fire discussion began at timestamp 1:04:25 on the High Five video. Presenter(s): Paul Cada, Battalion Chief Information only. Background: The Town of Vail has been collaborating with the United States Forest Service to implement the Booth Creek Hazardous Fuels Reduction Project. The Record of Decision identified several units for treatment with prescribed fire. Planning for this action is moving forward, and prescribed fire may be implemented as soon as this spring. 3.4 Year End Investment Reporting Year End Investment Reporting discussion began at timestamp 1:19:46 on the High Five video. Presenter(s): Carlie Smith, Finance Director Listen to presentation and provide feedback. Background: Section 2-2-8 of the Town Code requires an annual presentation of the town's investment report, which is also provided as a written report each quarter. This agenda item is a presentation of the town's investment report as of December 31, 2025. 4. DRB/PEC Update DRB/PEC update began at timestamp 1:26:57 on the High Five video. 5. Information Update 21 Town Council Meeting Minutes of March 3, 2026. Page 3 Information update began at timestamp 1:29:07 on the High Five video. 5.1 January 15, 2026 VLMDAC Meeting Minutes 5.2 February 2026 Revenue Update 6. Matters from Mayor, Council, Town Manager and Committee Reports Matters from Mayor, Council and Town Manager began at timestamp 1:29:41 on the High Five video. 7. Any Action as a Result of Executive Session There was none. 8. Consent Agenda Consent Agenda began at time stamp 1:51:52 on the High Five evening video. 8.1 February 3, 2026 TC Meeting Minutes 8.2 February 17, 2026 TC Meeting Minutes 8.3 Contract Award to Bearcom for Radio Replacement for Public Works, Vail Police Department and Vail Fire and Emergency Services Authorize the Town Manager to enter into an agreement, in a form approved by the Town Attorney, with Bearcom for radios for public works, Vail Police Department and Vail Fire and Emergency Services, in an amount not to exceed $995,000. Background: This is a contract award for a budgeted radio replacement project. 8.4 Contract Award to First American Commercial Bancorp, Inc. for the Lease of Personal Computing Hardware for Police Department Authorize the Town Manager to enter into a 5-year agreement, in a form approved by the Town Attorney, with First American Commercial Bancorp, Inc. for the lease of personal computing hardware and other accessories required to support the Police Department’s technology needs a total amount not to exceed $300,000 ($60,000/year for 5 years). Background: Provide information about this technology need, and request that the Council approve the Town Manager entering into a 5-year agreement with First American Commercial Bancorp, Inc., for the lease of personal computing hardware and other accessories required to support the Police Department’s technology requirements. Chapin made a motion to approve excluding the February 3rd, 2026, Meeting Minutes; Langmaid seconded motion passed (7-0). 22 Town Council Meeting Minutes of March 3, 2026. Page 4 Chapin made a motion to approve February 3rd, 2026, Meeting Minutes, Langmaid seconded motion passed (6-0 Staufer was not present for that meeting). 9. Action Items 9.1 Resolution No. 4, Series of 2026, A Resolution Approving a First Amendment to Intergovernmental Agreement between Eagle County, Colorado and the Town of Vail Providing Funding in Support of the Town of Vail's Wildland Fire Program Discussion for Resolution No. 4, Series of 2026 began at timestamp 1:53:19 on the High Five video. Presenter(s): Paul Cada, Battalion Chief Approve, approve with amendments, or deny Resolution No. 4, Series of 2026. Background: The purpose of this item is to provide Council with information about amendments to the existing Intergovernmental agreement between the Town of Vail and Eagle County to support wildfire mitigation and wildfire response. Staufer made a motion to approve; Foley seconded motion passed (7-0). 10. Public Participation Public Participation began at timestamp 02:03:07 on the High Five video. Tim McMahon, Town of Avon resident, challenged the community to attend local youth sporting events and support the kids who are playing, asked for information on tickets issued through the town’s speed cameras and thanked town staff for providing input on potential spots for community events during the upcoming up off-season. Jeff Babb, Vail Resorts representative, thanked the town and the Colorado Snowsports Museum for their partnership and collaboration over the Vail Legacy Weekend. Larry and Laurie Allen, Vail residents, expressed their concerns with the behavior outside their door by people who are out late partying in Vail Village. Ian Grask, Vail resident, expressed his appreciation for the update from ERWSD and hoped the town would take a leadership role in conserving water in the summer, followed up with concerns regarding the Flock Camera System, and informed the Council on March 26, 2026 Habitat for Humanity would be hosting a housing forum at Berry Creek Middle School. 23 Town Council Meeting Minutes of March 3, 2026. Page 5 There being no further business to come before the council, Foley made a motion to adjourn the meeting; Langmaid seconded; meeting adjourned at 6:16pm. Respectfully Submitted, Attest: __________________________________ Barry Davis, Mayor ______________________________ Stephanie Kauffman, Town Clerk 24 AGENDA ITEM NO. 6.2 Item Cover Page DATE:April 7, 2026 SUBMITTED BY:Stephanie Bibbens, Town Manager ITEM TYPE:Consent Agenda AGENDA SECTION:Consent Agenda (6:15pm) SUBJECT:March 17, 2026 TC Meeting Minutes SUGGESTED ACTION: VAIL TOWN COUNCIL AGENDA ITEM REPORT ATTACHMENTS: 031726 TC meeting minutes.pdf 25 Town Council Meeting Minutes of March 17, 2026. Page 1 Vail Town Council Meeting Minutes Tuesday, March 17, 2026 6:00 P.M. Vail Town Council Chambers The meeting of the Vail Town Council was called to order at approximately 6:00 P.M. by Mayor Davis. Members present: Barry Davis, Mayor Reid Phillips, Mayor Pro Tem Dave Chapin Kevin Foley Kim Langmaid Jonathan Staufer Members Absent: Sam Biszantz Staff members present: Russell Forrest, Town Manager Kathleen Halloran, Deputy Town Manager Stephanie Kauffman, Town Clerk Matt Mire, Town Attorney 1.Call to Order 2.Public Participation Public Participation began at time stamp 0:00:13 on the High Five Media video. Jason Boston, Chief Investigator of the Eagle County District Attorney’s Office, introduced himself as a candidate for Eagle County Sheriff. 3.Any action as a result of Executive Session There was none. 4. Appointments for Boards and Commissions 4.1 Art In Public Places (AIPP) Appointments Staufer moved to appoint Ali Kelkenberg, Sharon Puczynski, and Lindsea Stowe to the Art In Public Places Board; Foley seconded motion passed (6-0 Biszantz absent). 4.2 Design Review Board (DRB) Appointments 26 Town Council Meeting Minutes of March 17, 2026. Page 2 Staufer moved to appoint Molly Egan, Rollie Kjesbo, and Rys Olsen to the Design Review Board; Foley seconded motion passed (6-0 Biszantz absent). 5. Consent Agenda Consent agenda began at timestamp 0:04:23 on the Hight Five Media video. 5.1 Resolution No. 6, Series of 2026, A Resolution Approving a Mutual Interest Agreement between the Town of Vail and the United States Forest Service (the "USFS") Regarding the Utilization of Prescribed Fire Treatment on Town Land Approve, approve with amendments, or deny Resolution No. 6, Series of 2026. 5.2 Resolution No. 7, Series of 2026, A Resolution Approving an Intergovernmental Agreement between the Town of Vail the State of Colorado, Colorado Department of Parks and Wildlife, Regarding the Bighorn Sheep Winter Range Enhancement Project Approve, approve with amendments, or deny Resolution No. 7, Series of 2026. Background: The purpose of this memorandum is to present for approval Resolution No. 7, which establishes the partnership between Colorado Parks and Wildlife and the Town of Vail for the Bighorn Sheep Winter Range Enhancement Project (also known as the Booth Creek Fuels Project). 5.3 Resolution No. 8, Series of 2026, A Resolution of the Vail Town Council Adopting an Updated Land Use Application Fee Schedule Approve, approve with amendments, or deny Resolution No. 8, Series of 2026. Background: An update to Town’s Land Use Fee Schedule to contemplate amendments to Reimbursement/Pass through Accounts fees and protocols. 5.4 Contract Award to A-1 Chipseal Co. for the 2026 Slurry Seal Project Authorize the Town Manager to enter into an agreement, in a form approved by the Town Attorney, with A-1 Chipseal Co. for the 2026 Slurry Seal project, in an amount not to exceed $163,370.00. Background: This contract is for this year's asphalt preventative maintenance project. Roads included in this year's project are Arosa Dr, Davos Dr, Cortina Ln, Garmisch Dr, Chamonix Rd, Chamonix Ln, St. Moritz Way, and Circle Dr. 5.5 Contract Award to A Peak Asphalt for On Call Asphalt Repair Authorize the Town Manager to enter into an agreement, in a form approved by the Town Attorney, with A Peak Asphalt for On-Call Asphalt Repair, in an amount not to exceed $125,000.00. 27 Town Council Meeting Minutes of March 17, 2026. Page 3 Background: This contract is to provide asphalt roadway patching as directed by Town Staff as needed throughout the Town of Vail. Foley made a motion to approve the Consent Agenda; Staufer seconded motion passed (6-0 Biszantz absent). 6. Action Items Discussion for Resolution No. 9, Series of 2026 began at timestamp 00:6:54 on the High Five video. 6.1 Resolution No. 9, Series of 2026, A Resolution Approving an Operating Agreement with Vail Recreation District for Dobson Arena Presenter(s): Kathleen Halloran, Deputy Town Manager Approve, approve with amendments, or deny Resolution No. 9, Series of 2026. Background: The purpose of this discussion is to recap the major deal points with the Vail Recreation District (VRD) for the operations of Dobson Arena. Foley moved to approve; Phillips seconded motion passed (6-0 Biszantz absent). 6.2 Permission to Proceed Tyrolean Project Permission to proceed Tyrolean Project discussion began at timestamp 25:58 on the High Five video. Presenter(s): Greg Roy, Planning Manager Approve, approve with amendments, or deny permission to proceed. Background: The applicant, Tyrolean HOA, represented by Ric Fields, are requesting approval for permission to rebuild the stairs from their building, located at 400 Vail Valley Drive, down to the Gore Creek Path. The existing stairs are entirely on Town property, partly within Vail Valley right-of-way, and partly on Town of Vail Stream Tract. Langmaid made a motion to approve application with the following conditions: 1. Applicant shall remove the landscape planters and walkway that extend on the town stream track south off south and southeast corners of the applicant’s property, 2. No heating of the stairs shall be permitted, 3. No lighting shall be added to the stairs in the stream track, and 4. There will be a license agreement acceptable to the Town of Vail; Phillips seconded and motion passed 6-0. (Biszantz was absent). 28 Town Council Meeting Minutes of March 17, 2026. Page 4 There being no further business to come before the council, Foley made a motion to adjourn the meeting; Staufer seconded; meeting adjourned at 7:32pm. Respectfully Submitted, Attest: __________________________________ Barry Davis, Mayor ______________________________ Stephanie Kauffman, Town Clerk 29 AGENDA ITEM NO. 6.3 Item Cover Page DATE:April 7, 2026 SUBMITTED BY:Jake Shipe, Finance ITEM TYPE:Resolution AGENDA SECTION:Consent Agenda (6:15pm) SUBJECT:Resolution No. 10, Series of 2026, A Resolution Approving an Amended Operating Plan and Budget of the Vail Local Marketing District, for its Fiscal Year January 1, 2026 through December 31, 2026 SUGGESTED ACTION:Approve, approve with amendments, or deny Resolution No. 10, Series of 2026. VAIL TOWN COUNCIL AGENDA ITEM REPORT ATTACHMENTS: TOV Resolution No. 10, 2026.pdf 2026 VLMD 1st Supplemental Memo - TOV Version.pdf 30 Resolution No. 10, Series of 2026 RESOLUTION NO. 10 Series of 2026 A RESOLUTION APPROVING AN AMENDED OPERATING PLAN AND BUDGET OF THE VAIL LOCAL MARKETING DISTRICT, FOR ITS FISCAL YEAR JANUARY 1, 2026 THROUGH DECEMBER 31, 2026 WHEREAS, the Town of Vail (the “Town”), in the County of Eagle and State of Colorado is a home rule municipal corporation duly organized and existing under the laws of the State of Colorado and the Town Charter (the “Charter”); and WHEREAS, the members of the Town Council of the Town (the “Council”) have been duly elected and qualified; and WHEREAS, C.R.S. §29-25-110 requires the Council’s annual approval of the operating plan the Vail Local Marketing District (the “VLMD”). NOW THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO THAT: Section 1. The Council approves the operating plan and budget of the VLMD for marketing related expenditures beginning on the first day of January, 2026, and ending on the 31st day of December, 2026. Section 2. This Resolution shall take effect immediately upon its passage. INTRODUCED, PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of Vail held this 7th day of April 2026. ________________________________ Barry Davis, Mayor ATTEST: _________________________ Stephanie Kauffman, Town Clerk 31 To: Vail Town Council From: Vail Local Marketing District Date: April 7, 2026 Subject: Resolution 10: Vail Local Marketing District 2026 Amended Operating Plan and Budget I. BACKGROUND The Vail Local Marketing District is responsible for marketing and promoting Vail to attract overnight destination guests primarily during the non-winter timeframe, creating economic vitality by attracting visitors who stay longer and spend more, thereby increasing sales tax and lodging tax revenues. Performance against these goals is measured through data, including occupancy, average daily rate, and lodging and sales tax revenues. The Vail Local Marketing District Advisory Council (VLMDAC) is the appointed body that provides strategic policy direction to staff and contracted vendors in pursuit of these goals. The VLMDAC is also responsible for providing education and awareness of Vail’s stewardship principles in order to protect our natural and built assets and celebrate the values of the Vail community. On September 16th, 2025, the Town Council and the Vail Local Marketing District (VLMD) approved the 2026 operating plan and budget. Since then, the Town has experienced a low-snow winter, requiring a downward adjustment to lodging tax projections. Additionally, the Vail Local Marketing District Advisory Council (VLMDAC) is recommending supplementing expenditures by $399,320 in order to drive additional visitation this summer and improve long-term strategy. The request includes strategies to create a new 2027 summer campaign, expand the group sales approach to optimize opportunities with the redeveloped Dobson Arena, and deploy tools to address the use of Artificial Intelligence to respond to market pressures and position Discover Vail for success in online search. II. BUDGET DETAIL Budgeted revenue for 2026 has been decreased by $490,000 compared to the approved budget. This is a decrease of (10.1)% compared 2025. January to April is projected down (17.5)% due to the impacts of the lack of snow during this winter season. The summer season (May – October) is projected down (2.0)% compared to 2025, which incorporates anticipated business closures this year. November-December is projected up 1.3% compared to 2025, and assumes a return to a more-typical snowfall, while also incorporating anticipated business closures. Total revenue is projected at $4,847,000, including $4,785,000 of lodging tax collections and $62,000 of interest earnings. This projection is conservative and consistent with the town’s current projected sales tax revenue for 2026. 32 Town of Vail Page 2 Staff will continue to review 2026 projections throughout the year. The current 2026 approved budget includes marketing expenditures (excluding event funding) of $5,642,000. This supplemental budget proposes to increase operating expenditures by $399,320 to $6,041,320. This is a 7.1% increase from the current approved budget. These expenditures aim to increase the effectiveness of the Vail Local Marketing District’s ongoing marketing operations by utilizing fund balance towards one-time expenditures that provide strategic advantages. Additional detail on the proposed expenditure increases is included below: • Total increase $399,320 o Group and Meeting Campaign $120,000 o 2027 Moments Creative Campaign Increase $ 95,000 o Discover Vail Brand Book Update $ 17,500 o AI Measurement and Optimization $ 37,320 o Summer Paid Media Reinforcement $129,500 Budgeted expenditures also include a $3,000,000 placeholder for special event funding, unchanged from the current 2026 approved budget. Total proposed 2026 combined marketing and event funding expenditures total $9,041,320. The 2026 ending fund balance is projected to be $2,044,361, which represents 43% of annual lodging tax revenues (above Council’s directive of 25%). III. ACTION REQUESTED OF VAIL TOWN COUNCIL The Vail Local Marketing District requests approval or approval with changes to the proposed supplemental budget, increasing expenditures by a total of $399,320 (from $8,642,000 to $9,041,320). 33 2026 PROPOSED AMENDED BUDGET SUMMARY OF REVENUE EXPENDITURES AND CHANGES IN FUND BALANCE VAIL LOCAL MARKETING DISTRICT 2025 Original Budget 2025 Amended Budget 2025 Preliminary Actuals Budget Variance: Favorable / (Unfavorable)2026 Budget Budget Shifts 1st Supplemental Adjustments 2026 Proposed Amended Budget Income Lodging Tax 5,518,000 5,518,000 5,324,533 (193,467) 5,275,000 (490,000) 4,785,000 PY Lodging Tax - - 29,838 29,838 - - Interest Income 63,000 63,000 143,514 80,514 62,000 62,000 Misc. Income - - 1,321 1,321 - - Total Income 5,581,000 5,581,000 5,499,206 (81,794) 5,337,000 - (490,000) 4,847,000 Operating Expense Destination 1,389,166 1,316,994 1,332,007 (15,013) 1,245,000 129,500 1,374,500 International 253,000 208,650 212,713 (4,063) 190,000 190,000 Front Range 418,485 452,825 373,844 78,981 418,485 418,485 Groups and Meetings 368,290 368,290 330,428 37,862 503,500 120,000 623,500 Public Relations Expenses 156,500 156,500 142,810 13,690 178,500 (25,000) 153,500 Content/Influencer Strategy 161,060 131,900 122,926 8,974 111,900 111,900 Photography / Video 390,200 180,200 178,367 1,833 153,600 (40,000) 113,600 Research 221,979 162,979 148,535 14,444 143,519 14,507 37,320 195,346 Website 462,566 442,196 467,788 (25,592) 361,346 361,346 Admin Miscellaneous 22,725 31,542 23,376 8,166 15,410 15,410 Email Marketing 387,850 387,850 413,673 (25,823) 310,000 310,000 Branding 506,000 282,630 282,179 451 305,000 112,500 417,500 Contingency 100,000 - - - 200,000 200,000 Database Warehousing and Research 523,424 514,859 512,291 2,568 527,809 56,000 583,809 In-Market Marketing 273,080 95,008 96,555 (1,547) 88,080 (16,000) 72,080 Marketing Sponsorship 50,000 50,000 50,000 - 35,000 10,493 45,493 Professional Fees Legal and Accounting 32,000 32,000 32,000 - 34,000 34,000 Advertising Agent Fees 267,354 262,768 263,268 (500) 292,418 292,418 Town of Vail Service Fees 258,512 243,000 243,000 - 247,000 247,000 Vail Valley Partnership Service Fees 108,309 108,309 108,309 - 111,558 111,558 Professional Fees - MYPR 152,500 152,500 139,794 12,706 169,875 169,875 Total Professional Fees 818,675 798,577 786,371 12,206 854,851 - - 854,851 Total Operating Expense 6,503,000 5,581,000 5,473,863 107,137 5,642,000 - 399,320 6,041,320 Surplus (Deficit) from Operations (922,000) - 25,343 25,343 (305,000) - (889,320) (1,194,320) 34 2026 PROPOSED AMENDED BUDGET SUMMARY OF REVENUE EXPENDITURES AND CHANGES IN FUND BALANCE VAIL LOCAL MARKETING DISTRICT 2025 Original Budget 2025 Amended Budget 2025 Preliminary Actuals Budget Variance: Favorable / (Unfavorable)2026 Budget Budget Shifts 1st Supplemental Adjustments 2026 Proposed Amended Budget Special Events Business License Fees (Tsfr from TOV Marketing Fund)350,000 350,000 342,387 (7,613) 332,500 332,500 Tsfr from General & Marketing Fund Balance for Special Events 2,650,000 2,650,000 2,161,448 (488,552) 2,667,500 2,667,500 Special Event Funding (2,982,500) (3,000,000) (2,503,834) 496,166 (3,000,000) (3,000,000) Business License Administration Fee (17,500) - - - - - Net Increase/(Decrease) due to Special Events - - - - - - - - Revenue Under/(Over) Expenditures (922,000) - 25,343 25,343 (305,000) - (889,320) (1,194,320) Beginning Fund Balance 2,510,628 3,213,338 3,213,338 3,091,625 3,238,681 Ending Fund Balance 1,588,628 3,213,338 3,238,681 2,786,625 2,044,361 Fund Balance (25% required)29%61%53%43% 35 AGENDA ITEM NO. 6.4 Item Cover Page DATE:April 7, 2026 SUBMITTED BY:Chris Southwick, Public Works ITEM TYPE:Consent Agenda AGENDA SECTION:Consent Agenda (6:15pm) SUBJECT:Resolution No. 11, Series of 2026, A Resolution Approving A State of Colorado Subaward Agreement between the Town of Vail and the Colorado Department of Transportation to Receive Funding for Capital, Planning, and Operating Assistance to Support Public Transporation SUGGESTED ACTION:Approve, approve with amendments, or deny Resolution No. 11, Series of 2026. VAIL TOWN COUNCIL AGENDA ITEM REPORT ATTACHMENTS: Resolution 11 2026 CDOT_Subaward_Agreement.docx Envelope_Created_CDOT_-_Town_of_Vail_5311_Su.pdf 36 RESOLUTION NO. 11 Series of 2026 A RESOLUTION APPROVING A STATE OF COLORADO SUBAWARD AGREEMENT BETWEEN THE TOWN OF VAIL AND THE COLORADO DEPARTMENT OF TRANSPORTATION TO RECEIVE FUNDING FOR CAPITAL, PLANNING, AND OPERATING ASSISTANCE TO SUPPORT PUBLIC TRANSPORTATION WHEREAS, the Town and the Colorado Department of Transportation wish to enter into an agreement for the purpose of providing grant funding for capital, planning, and operating assistance to support public transportation, pursuant to the terms set forth in Exhibit A, attached hereto and incorporated herein by this reference (the "IGA"). NOW THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO THAT: Section 1. The Town Council hereby approves the IGA in substantially the same form as attached hereto as Exhibit A, and in a form approved by the Town Attorney, and authorizes the Town Manager to execute the IGA on behalf of the Town. Section 2. This Resolution shall take effect immediately upon its passage. INTRODUCED, PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of Vail held this 7th day of April 2026. _________________________ Barry Davis, Mayor ATTEST: Stephanie Kauffman, Town Clerk 37 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 1 of 50 STATE OF COLORADO SUBAWARD AGREEMENT COVER PAGE State Agency Department of Transportation Agreement Number / PO Number 26-HTR-ZL-00158 / 491004157 Subrecipient Town of Vail Agreement Performance Beginning Date Effective Date or January 1, 2026, whichever is earlier Initial Agreement Expiration Date December 31, 2026 Subaward Agreement Amount Federal Funds-Operating Maximum Amount (50%) Local Funds-Operating Local Match Amount (50%) Agreement Total $250,534.00 $250,534.00 $501,068.00 Fund Expenditure End Date December 31, 2026 Agreement Authority Authority to enter into this Agreement exists in CRS §§43-1-106, 43-1-110, 43-1-117.5, 43-1-701, 43-1-702 and 43-2-101(4)(c), appropriated and otherwise made available pursuant to the FAST ACT, MAP-21, SAFETEA_LU, 23 USC §104, 23 USC §149, 49 USC §5307(a)(2) and (3). Agreement Purpose In accordance with 49 USC §5311, the purpose of this Agreement is to provide capital, planning, and operating assistance to states to support public transportation in rural areas with populations less than 50,000, where many residents often rely on public transit to reach their destinations. The work to be completed under this Grant by the Grantee is more specifically described in Exhibit A. Exhibits and Order of Precedence The following Exhibits and attachments are included with this Agreement: 1. Exhibit A – Statement of Work and Budget. 2. Exhibit B – Sample Option Letter. 3. Exhibit C – Federal Provisions. 4. Exhibit D – Required Federal Contract/Agreement Clauses. 5. Exhibit E – Verification of Payment. In the event of a conflict or inconsistency between this Agreement and any Exhibit or attachment, such conflict or inconsistency shall be resolved by reference to the documents in the following order of priority: 1. Exhibit C – Federal Provisions. 2. Exhibit D – Required Federal Contract/Agreement Clauses. 3. Colorado Special Provisions in §17 of the main body of this Agreement. 4. The provisions of the other sections of the main body of this Agreement. 5. Exhibit A – Statement of Work and Budget. 6. Executed Option Letters (if any). Principal Representatives For the State: Erin Kelican Division of Transit and Rail Colorado Dept. of Transportation 2829 W. Howard Place Denver, CO 80204 erin.kelican@state.co.us For Subrecipient: Chris Southwick Town of Vail 75 South Frontage Road Vail, CO 81657-5096 csouthwick@vail.gov Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 38 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 2 of 50 SIGNATURE PAGE THE PARTIES HERETO HAVE EXECUTED THIS AGREEMENT Each person signing this Agreement represents and warrants that the signer is duly authorized to execute this Agreement and to bind the Party authorizing such signature. SUBRECIPIENT Town of Vail By: ___________________________ Name: ________________________ Title: _________________________ Date: _________________________ STATE OF COLORADO Jared S. Polis, Governor Department of Transportation Shoshana M. Lew, Executive Director By: ___________________________ Name: ________________________ Title: _________________________ Date: _________________________ Second Subrecipient Signature, If Needed Town of Vail By: ___________________________ Name: ________________________ Title: _________________________ Date: _________________________ In accordance with §24-30-202, C.R.S., this Agreement is not valid until signed and dated below by the State Controller or an authorized delegate. STATE CONTROLLER Robert Jaros, CPA, MBA, JD ___________________________________________ By: Department of Transportation Effective Date:_____________________ Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 39 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 3 of 50 1. PARTIES This Agreement is entered into by and between Subrecipient named on the Cover Page for this Agreement (the “Subrecipient”), and the STATE OF COLORADO acting by and through the State agency named on the Cover Page for this Agreement (the “State”). Subrecipient and the State agree to the terms and conditions in this Agreement. 2. TERM AND EFFECTIVE DATE A. Effective Date This Agreement shall not be valid or enforceable until the Effective Date, and the Grant Funds shall be expended by the Fund Expenditure End Date shown on the Cover Page for this Agreement. The State shall not be bound by any provision of this Agreement before the Effective Date, and shall have no obligation to pay Subrecipient for any Work performed or expense incurred before the Effective Date, except as described in §5.D, or after the Fund Expenditure End Date. B. Initial Term The Parties’ respective performances under this Agreement shall commence on the Agreement Performance Beginning Date shown on the Cover Page for this Agreement and shall terminate on the Initial Agreement Expiration Date shown on the Cover Page for this Agreement (the “Initial Term”) unless sooner terminated or further extended in accordance with the terms of this Agreement. C. Extension Terms - State’s Option The State, at its discretion, shall have the option to extend the performance under this Agreement beyond the Initial Term for a period, or for successive periods, of one year or less at the same rates and under the same terms specified in this Agreement (each such period an “Extension Term”). In order to exercise this option, the State shall provide written notice to Subrecipient in a form substantially equivalent to the Sample Option Letter attached to this Agreement. D. End of Term Extension If this Agreement approaches the end of its Initial Term, or any Extension Term then in place, the State, at its discretion, upon written notice to Subrecipient in a form substantially equivalent to the Sample Option Letter attached to this Agreement, may unilaterally extend such Initial Term or Extension Term for a period not to exceed two months (an “End of Term Extension”), regardless of whether additional Extension Terms are available or not. The provisions of this Agreement in effect when such notice is given shall remain in effect during the End of Term Extension. The End of Term Extension shall automatically terminate upon execution of a replacement Agreement or modification extending the total term of this Agreement. E. Early Termination in the Public Interest The State is entering into this Agreement to serve the public interest of the State of Colorado as determined by its Governor, General Assembly, or Courts. If this Agreement ceases to further the public interest of the State, the State, in its discretion, may terminate this Agreement in whole or in part. A determination that this Agreement should be terminated in the public interest shall not be equivalent to a State right to terminate for convenience. This subsection shall not apply to a termination of this Agreement by the State for Breach of Agreement by Subrecipient, which shall be governed by §12.A.i. i. Method and Content The State shall notify Subrecipient of such termination in accordance with §14. The notice shall specify the effective date of the termination and whether it affects all or a portion of this Agreement, and shall include, to the extent practicable, the public interest justification for the termination. ii. Obligations and Rights Upon receipt of a termination notice for termination in the public interest, Subrecipient shall be subject to the rights and obligations set forth in §12.A.i.a. Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 40 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 4 of 50 iii. Payments If the State terminates this Agreement in the public interest, the State shall pay Subrecipient an amount equal to the percentage of the total reimbursement payable under this Agreement that corresponds to the percentage of Work satisfactorily completed and accepted, as determined by the State, less payments previously made. Additionally, if this Agreement is less than 60% completed, as determined by the State, the State may reimburse Subrecipient for a portion of actual out-of-pocket expenses, not otherwise reimbursed under this Agreement, incurred by Subrecipient which are directly attributable to the uncompleted portion of Subrecipient’s obligations, provided that the sum of any and all reimbursement shall not exceed the Subaward Maximum Amount payable to Subrecipient hereunder. F. Subrecipient’s Termination Under Federal Requirements Subrecipient may request termination of this Agreement by sending notice to the State, or to the Federal Awarding Agency with a copy to the State, which includes the reasons for the termination and the effective date of the termination. If this Agreement is terminated in this manner, then Subrecipient shall return any advanced payments made for work that will not be performed prior to the effective date of the termination. 3. DEFINITIONS The following terms shall be construed and interpreted as follows: A. “Agreement” means this subaward agreement, including all attached Exhibits, all documents incorporated by reference, all referenced statutes, rules and cited authorities, and any future modifications thereto. B. “Award” means an award by a Recipient to a Subrecipient funded in whole or in part by a Federal Award. The terms and conditions of the Federal Award flow down to the Award unless the terms and conditions of the Federal Award specifically indicate otherwise. C. “Breach of Agreement” means the failure of a Party to perform any of its obligations in accordance with this Agreement, in whole or in part or in a timely or satisfactory manner. The institution of proceedings under any bankruptcy, insolvency, reorganization or similar law, by or against Subrecipient, or the appointment of a receiver or similar officer for Subrecipient or any of its property, which is not vacated or fully stayed within 30 days after the institution of such proceeding, shall also constitute a breach. If Subrecipient is debarred or suspended under §24- 109-105, C.R.S., at any time during the term of this Agreement, then such debarment or suspension shall constitute a breach. D. “Budget” means the budget for the Work described in Exhibit A. E. “Business Day” means any day other than Saturday, Sunday, or a legal holiday as listed in §24- 11-101(1), C.R.S. F. “CORA” means the Colorado Open Records Act, §§24-72-200.1, et. seq., C.R.S. G. “Deliverable” means the outcome to be achieved or output to be provided, in the form of a tangible or intangible Good or Service that is produced as a result of Subrecipient’s Work that is intended to be delivered by Subrecipient. H. “Effective Date” means the date on which this Agreement is approved and signed by the Colorado State Controller or designee, as shown on the Signature Page for this Agreement. I. “End of Term Extension” means the time period defined in §2.D. J. “Exhibits” means the exhibits and attachments included with this Agreement as shown on the Cover Page for this Agreement. K. “Extension Term” means the time period defined in §2.C. L. “Federal Award” means an award of Federal financial assistance or a cost-reimbursement contract, under the Federal Acquisition Regulations or by a formula or block grant, by a Federal Awarding Agency to the Recipient. “Federal Award” also means an agreement setting fort h the terms and conditions of the Federal Award. The term does not include payments to a Subrecipient or payments to an individual that is a beneficiary of a Federal program. M. “Federal Awarding Agency” means a Federal agency providing a Federal Award to a Recipient. Federal Transit Administration (FTA) is the Federal Awarding Agency for the Federal Award which is the subject of this Agreement. Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 41 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 5 of 50 N. “FTA” means Federal Transit Administration. O. “Goods” means any movable material acquired, produced, or delivered by Subrecipient as set forth in this Agreement and shall include any movable material acquired, produced, or delivered by Subrecipient in connection with the Services. P. “Grant Funds” means the funds that have been appropriated, designated, encumbered, or otherwise made available for payment by the State under this Agreement. Q. “Incident” means any accidental or deliberate event that results in or constitutes an imminent threat of the unauthorized access, loss, disclosure, modification, disruption, or destruction of any communications or information resources of the State, which are included as part of the Work, as described in §§24-37.5-401, et. seq., C.R.S. Incidents include, without limitation (i) successful attempts to gain unauthorized access to a State system or State Records regardless of where such information is located; (ii) unwanted disruption or denial of service; (iii) the unauthorized use of a State system for the processing or storage of data; or (iv) changes to State system hardware, firmware, or software characteristics without the State’s knowledge, instruction, or consent. R. “Initial Term” means the time period defined in §2.B. S. “Master Agreement” means the FTA Master Agreement document incorporated by reference and made part of FTA’s standard terms and conditions governing the administration of a project supported with federal assistance awarded by FTA. T. “Matching Funds” (Local Funds, or Local Match) means the funds provided by Subrecipient as a match required to receive the Grant Funds and includes in-kind contribution. U. “Party” means the State or Subrecipient, and “Parties” means both the State and Subrecipient. V. “PII” means personally identifiable information including, without limitation, any information maintained by the State about an individual that can be used to distinguish or trace an individual’s identity, such as name, social security number, date and place of birth, mother’s maiden name, or biometric records. PII includes, but is not limited to, all information defined as personally identifiable information in §§24-72-501 and 24-73-101, C.R.S. W. “Recipient” means the State agency shown on the Signature and Cover Pages of this Agreement, for the purposes of this Federal Award. X. “Services” means the services to be performed by Subrecipient as set forth in this Agreement and shall include any services to be rendered by Subrecipient in connection with the Goods. Y. “State Confidential Information” means any and all State Records not subject to disclosure under CORA. State Confidential Information shall include but is not limited to PII and State personnel records not subject to disclosure under CORA. State Confidential Information shall not include information or data concerning individuals that is not deemed confidential but nevertheless belongs to the State, which has been communicated, furnished, or disclosed by the State to Subrecipient which (i) is subject to disclosure pursuant to CORA; (ii) is already known to Subrecipient without restrictions at the time of its disclosure to Subrecipient; (iii) is or subsequently becomes publicly available without breach of any obligation owed by Subrecipient to the State; (iv) is disclosed to Subrecipient, without confidentiality obligations, by a third party who has the right to disclose such information; or (v) was independently developed without reliance on any State Confidential Information. Z. “State Fiscal Rules” means the fiscal rules promulgated by the Colorado State Controller pursuant to §24-30-202(13)(a), C.R.S. AA. “State Fiscal Year” means a 12-month period beginning on July 1 of each calendar year and ending on June 30 of the following calendar year. If a single calendar year follows the term, then it means the State Fiscal Year ending in that calendar year. BB. “State Records” means any and all State data, information, and records regardless of physical form. CC. “Subaward Maximum Amount” means an amount equal to the total of Grant Funds for this Agreement. DD. “Subcontractor” means any third party engaged by Subrecipient to aid in performance of the Work. “Subcontractor” also includes sub-recipients of Grant Funds. Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 42 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 6 of 50 EE. “Subrecipient” means a non-Federal entity that receives a sub-award from a Recipient to carry out part of a Federal program but does not include an individual that is a beneficiary of such program. A Subrecipient may also be a recipient of other Federal Awards directly from a Federal Awarding Agency. For the purposes of this Agreement, Contractor is a Subrecipient. FF. “Uniform Guidance” means the Office of Management and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, 2 CFR Part 200, commonly known as the “Super Circular, which supersedes requirements from OMB Circulars A - 21, A-87, A-110, A-122, A-89, A-102, and A-133, and the guidance in Circular A-50 on Single Audit Act follow-up. GG. “Work” means the Goods delivered and Services performed pursuant to this Agreement. HH. “Work Product” means the tangible and intangible results of the Work, whether finished or unfinished, including drafts. Work Product includes, but is not limited to, documents, text, software (including source code), research, reports, proposals, specifications, plans, notes, studies, data, images, photographs, negatives, pictures, drawings, designs, models, surveys, maps, materials, ideas, concepts, know-how, information, and any other results of the Work. “Work Product” does not include any material that was developed prior to the Effective Date that is used, without modification, in the performance of the Work. Any other term used in this Agreement that is defined elsewhere in this Agreement or in an Exhibit shall be construed and interpreted as defined in that section. 4. STATEMENT OF WORK AND BUDGET Subrecipient shall complete the Work as described in this Agreement and in accordance with the provisions of Exhibit A. The State shall have no liability to compensate Subrecipient for the delivery of any goods or the performance of any services that are not specifically set forth in this Agreement. 5. PAYMENTS TO SUBRECIPIENT A. Subaward Maximum Amount Payments to Subrecipient are limited to the unpaid, obligated balance of the Grant Funds. The State shall not pay Subrecipient any amount under this Agreement that exceeds the Subaward Maximum Amount shown on the Cover Page of this Agreement as “Federal Funds Maximum Amount”. B. Payment Procedures i. Invoices and Payment a. The State shall pay Subrecipient in the amounts and in accordance with the schedule and other conditions set forth in Exhibit A. b. Subrecipient shall initiate payment requests by invoice to the State, in a form and manner approved by the State. c. The State shall pay each invoice within 45 days following the State’s receipt of that invoice, so long as the amount invoiced correctly represents Work completed by Subrecipient and previously accepted by the State during the term that the invoice covers. If the State determines that the amount of any invoice is not correct, then Subrecipient shall make all changes necessary to correct that invoice. d. The acceptance of an invoice shall not constitute acceptance of any Work performed or Deliverables provided under this Agreement. ii. Interest Amounts not paid by the State within 45 days of the State’s acceptance of the invoice shall bear interest on the unpaid balance beginning on the 45th day at the rate of 1% per month, as required by §24-30-202(24)(a), C.R.S., until paid in full; provided, however, that interest shall not accrue on unpaid amounts that the State disputes in writing. Subrecipient shall invoice the State separately for accrued interest on delinquent amounts, and the invoice shall reference the delinquent payment, the number of days’ interest to be paid and the interest rate. iii. Payment Disputes If Subrecipient disputes any calculation, determination or amount of any payment, Subrecipient shall notify the State in writing of its dispute within 30 days following the earlier Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 43 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 7 of 50 to occur of Subrecipient’s receipt of the payment or notification of the determination or calculation of the payment by the State. The State will review the information presented by Subrecipient and may make changes to its determination based on this review. The calculation, determination or payment amount that results from the State’s review shall not be subject to additional dispute under this subsection. No payment subject to a dispute under this subsection shall be due until after the State has concluded its review, and the State shall not pay any interest on any amount during the period it is subject to dispute under this subsection. iv. Available Funds-Contingency-Termination The State is prohibited by law from making commitments beyond the term of the current State Fiscal Year. Payment to Subrecipient beyond the current State Fiscal Year is contingent on the appropriation and continuing availability of Grant Funds in any subsequent year (as provided in the Colorado Special Provisions). If federal funds or funds from any other non- State funds constitute all or some of the Grant Funds, the State’s obligation to pay Subrecipient shall be contingent upon such non-State funding continuing to be made available for payment. Payments to be made pursuant to this Agreement shall be made only from Grant Funds, and the State’s liability for such payments shall be limited to the amount remaining of such Grant Funds. If State, federal or other funds are not appropriated, or otherwise become unavailable to fund this Agreement, the State may, upon written notice, terminate this Agreement, in whole or in part, without incurring further liability. The State shall, however, remain obligated to pay for Services and Goods that are delivered and accepted prior to the effective date of notice of termination, and this termination shall otherwise be treated as if this Agreement were terminated in the public interest as described in §2.E. v. Federal Recovery The close-out of a Federal Award does not affect the right of the Federal Awarding Agency or the State to disallow costs and recover funds on the basis of a later audit or other review. Any cost disallowance recovery is to be made within the Record Retention Period, as defined below. C. Matching Funds Subrecipient shall provide Matching Funds as provided in Exhibit A. Subrecipient shall have raised the full amount of Matching Funds prior to the Effective Date and shall report to the State regarding the status of such funds upon request. Subrecipient’s o bligation to pay all or any part of any Matching Funds, whether direct or contingent, only extends to funds duly and lawfully appropriated for the purposes of this Agreement by the authorized representatives of Subrecipient and paid into Subrecipient’s treasury or bank account. Subrecipient represents to the State that the amount designated “Subrecipient’s Matching Funds” in Exhibit A has been legally appropriated for the purposes of this Agreement by its authorized representatives and paid into its treasury or bank account. Subrecipient does not by this Agreement irrevocably pledge present cash reserves for payments in future fiscal years, and this Agreement is not intended to create a multiple-fiscal year debt of Subrecipient. Subrecipient shall not pay or be liable for any claimed interest, late charges, fees, taxes or penalties of any nature, except as required by Subrecipient’s laws or policies. D. Reimbursement of Subrecipient Costs i. The State shall reimburse Subrecipient for the federal share of properly documented allowable costs related to the Work after review and approval thereof, subject to the provisions of §5, this Agreement, and Exhibit A. However, any costs incurred by Subrecipient prior to the Effective Date shall not be reimbursed absent specific allowance of pre -award costs and indication that the Federal Award funding is retroactive. The State shall pay Subrecipient for costs or expenses incurred or performance by the Subrecipient prior to the Effective Date, only if (1) the Grant Funds involve federal funding and (2) federal laws, rules, and regulations applicable to the Work provide for such retroactive payments to the Subrecipient. Any such retroactive payments shall comply with State Fiscal Rules and be made in accordance with the provisions of this Agreement. ii. The State shall reimburse Subrecipient’s allowable costs, not exceeding the Subaward Maximum Amount shown on the Cover Page of this Agreement and on Exhibit A for all Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 44 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 8 of 50 allowable costs described in this Agreement and shown in Exhibit A, except that Subrecipient may adjust the amounts between each line item of Exhibit A without formal modification to this Agreement as long as the Subrecipient provides notice to the State of the change, th e change does not modify the Subaward Maximum Amount or the Subaward Maximum Amount for any federal fiscal year or State Fiscal Year, and the change does not modify any requirements of the Work. iii. The State shall only reimburse allowable costs described in this Agreement and shown in the Budget if those costs are: a. Reasonable and necessary to accomplish the Work and for the Goods and Services provided; and b. Equal to the actual net cost to Subrecipient (i.e. the price paid minus any items of value received by Subrecipient that reduce the cost actually incurred). iv. Subrecipient’s costs for Work performed after the Fund Expenditure End Date shown on the Cover Page for this Agreement, or after any phase performance period end date for a respective phase of the Work, shall not be reimbursable. Subrecipient shall initiate any payment request by submitting invoices to the State in the form and manner set forth and approved by the State. E. Close-Out Subrecipient shall close out this Award within 45 days after the Fund Expenditure End Date shown on the Cover Page for this Agreement. To complete close-out, Subrecipient shall submit to the State all Deliverables (including documentation) as defined in this Agreement and Subrecipient’s final reimbursement request or invoice. The State will withhold 5% of allowable costs until all final documentation has been submitted and accepted by the State as substantially complete. If the Federal Awarding Agency has not closed this Federal Award within one year and 90 days after the Fund Expenditure End Date shown on the Cover Page for this Agreement due to Subrecipient’s failure to submit required documentation, then Subrecipient may be prohibited from applying for new Federal Awards through the State until such documentation is submitted and accepted. 6. REPORTING - NOTIFICATION A. Quarterly Reports In addition to any reports required pursuant to any other Exhibit, for any Agreement having a term longer than three months, Subrecipient shall submit, on a quarterly basis, a written report specifying progress made for each specified performance measure and standard in this Agreement. Such progress report shall be in accordance with the procedures developed and prescribed by the State. Progress reports shall be submitted to the State not later than five Business Days following the end of each calendar quarter or at such time as otherwise specified by the State. B. Litigation Reporting If Subrecipient is served with a pleading or other document in connection with an action before a court or other administrative decision making body, and such pleading or document relates to this Agreement or may affect Subrecipient’s ability to perform it s obligations under this Agreement, Subrecipient shall, within 10 days after being served, notify the State of such action and deliver copies of such pleading or document to the State’s Principal Representative identified on the Cover Page for this Agreement. C. Performance and Final Status Subrecipient shall submit all financial, performance and other reports to the State no later than 45 calendar days after the end of the Initial Term if no Extension Terms are exercised, or the final Extension Term exercised by the State, containing an evaluation and review of Subrecipient’s performance and the final status of Subrecipient’s obligations hereunder. D. Violations Reporting Subrecipient shall disclose, in a timely manner, in writing to the State and the Federal Awarding Agency, all violations of federal or State criminal law involving fraud, bribery, or gratuity violations potentially affecting the Federal Award. The State or the Federal Awarding Agency Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 45 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 9 of 50 may impose any penalties for noncompliance allowed under 2 CFR Part 180 and 31 U.S.C. 3321, which may include, without limitation, suspension or debarment. 7. SUBRECIPIENT RECORDS A. Maintenance Subrecipient shall make, keep, maintain, and allow inspection and monitoring by the State of a complete file of all records, documents, communications, notes and other written materials, electronic media files, and communications, pertaining in any manner to the Work and the delivery of Services (including, but not limited to the operation of programs) or Goods hereunder (collectively, the “Subrecipient Records”). Subrecipient shall maintain such records for a period of three years following the date of submission to the State of the final expenditure report, or if this Award is renewed quarterly or annually, from the date of the submission of each quarterly or annual report, respectively (the “Record Retention Period”). If any litigation, claim, or audit related to this Award starts before expiration of the Record Retention Period, the Record Retention Period shall extend until all litigation, claims, or audit findings have been resolved and final action taken by the State or Federal Awarding Agency. The Federal Awarding Agency, a cognizant agency for audit, oversight or indirect costs, and the State, may notify Subrecipient in writing that the Record Retention Period shall be extended. For records for real property and equipment, the Record Retention Period shall extend three years following final disposition of such property. B. Inspection Subrecipient shall permit the State, the federal government, and any other duly authorized agent of a governmental agency to audit, inspect, examine, excerpt, copy and transcribe Subrecipient Records during the Record Retention Period. Subrecipient shall make Subrecipient Records available during normal business hours at Subrecipient’s office or place of business, or at other mutually agreed upon times or locations, upon no fewer than two Business Days’ notice from the State, unless the State determines that a shorter period of notice, or no notice, is necessary to protect the interests of the State. C. Monitoring The State, the federal government, and any other duly authorized agent of a governmental agency, in its discretion, may monitor Subrecipient’s performance of its obligations under this Agreement using procedures as determined by the State or that governmental entity. Subrecipient shall allow the State to perform all monitoring required by the Uniform Guidance, based on the State’s risk analysis of Subrecipient and this Agreement. The State shall have the right, in its sole discretion, to change its monitoring procedures and requirements at any time during the term of this Agreement. The State shall monitor Subrecipient’s performance in a manner that does not unduly interfere with Subrecipient’s performance of the Work. D. Final Audit Report Subrecipient shall promptly submit to the State a copy of any final audit report of an audit performed on Subrecipient’s records that relates to or affects this Agreement or the Work, whether the audit is conducted by Subrecipient or a third party. Additionally, if Subrecipient is required to perform a single audit under 2 CFR 200.501, et. seq., then Subrecipient shall submit a copy of the results of that audit to the State within the same timelines as the submission to the federal government. 8. CONFIDENTIAL INFORMATION - STATE RECORDS A. Confidentiality Subrecipient shall keep confidential, and cause all Subcontractors to keep confidential, all State Records, unless those State Records are publicly available. Subrecipient shall not, without prior written approval of the State, use, publish, copy, disclose to any third party, or permit the use by any third party of any State Records, except as otherwise stated in this Agreement, permitted by law or approved in writing by the State. Subrecipient shall provide for the security of all State Confidential Information in accordance with all applicable laws, rules, policies, publications, and guidelines. Subrecipient shall immediately forward any request or demand for State Records to the State’s Principal Representative identified on the Cover Page of the Agreement. Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 46 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 10 of 50 B. Other Entity Access and Nondisclosure Agreements Subrecipient may provide State Records to its agents, employees, assigns and Subcontractors as necessary to perform the Work, but shall restrict access to State Confidential Information to those agents, employees, assigns and Subcontractors who require access to perform their obligations under this Agreement. Subrecipient shall ensure all such agents, employees, assigns, and Subcontractors sign agreements containing nondisclosure provisions at least as protective as those in this Agreement, and that the nondisclosure provisions are in force at all times the agent, employee, assign or Subcontractor has access to any State Confidential Information. Subrecipient shall provide copies of those signed nondisclosure provisions to the State upon execution of the nondisclosure provisions if requested by the State. C. Use, Security, and Retention Subrecipient shall use, hold and maintain State Confidential Information in compliance with any and all applicable laws and regulations only in facilities located within the United States, and shall maintain a secure environment that ensures confidentiality of all State Confidential Information. Subrecipient shall provide the State with access, subject to Subrecipient’s reasonable security requirements, for purposes of inspecting and monitoring access and use of State Confidential Information and evaluating security control effectiveness. Upon the expiration or termination of this Agreement, Subrecipient shall return State Records provided to Subrecipient or destroy such State Records and certify to the State that it has done so, as directed by the State. If Subrecipient is prevented by law or regulation from returning or destroying State Confidential Information, Subrecipient warrants it will guarantee the confidentiality of, and cease to use, such State Confidential Information. D. Incident Notice and Remediation If Subrecipient becomes aware of any Incident, Subrecipient shall notify the State immediately and cooperate with the State regarding recovery, remediation, and the necessity to involve law enforcement, as determined by the State. Unless Subrecipient can establish that Subrecipient and its agents, employees, and Subcontractors are not the cause or source of the Incident, Subrecipient shall be responsible for the cost of notifying each person who may have been impacted by the Incident. After an Incident, Subrecipient shall take steps to reduce the risk of incurring a similar type of Incident in the future as directed by the State, which may include, but is not limited to, developing and implementing a remediation plan that is approved by the State at no additional cost to the State. The State may adjust or direct modifications to this plan, in its sole discretion and Subrecipient shall make all modifications as directed by the State. If Subrecipient cannot produce its analysis and plan within the allotted time, the State, in its sole discretion, may perform such analysis and produce a remediation plan, and Subrecipient shall reimburse the State for the reasonable costs thereof. The State may, in its sole discretion and at Subrecipient’s sole expense, require Subrecipient to engage the services of an independent, qualified, State-approved third party to conduct a security audit. Subrecipient shall provide the State with the results of such audit and evidence of Subrecipient’s planned remediation in response to any negative findings. E. Data Protection and Handling Subrecipient shall ensure that all State Records and Work Product in the possession of Subrecipient or any Subcontractors are protected and handled in accordance with the requirements of this Agreement, including the requirements of any Exhibits hereto, at all times. As used in this section, the protections afforded Work Product only apply to Work Product that requires confidential treatment. F. Safeguarding PII If Subrecipient or any of its Subcontractors will or may receive PII under this Agreement, Subrecipient shall provide for the security of such PII, in a manner and form acceptable to the State, including, without limitation, State non-disclosure requirements, use of appropriate technology, security practices, computer access security, data access security, data storage encryption, data transmission encryption, security inspections, and audits. Subrecipient shall be a “Third-Party Service Provider” as defined in §24-73-103(1)(i), C.R.S., and shall maintain security procedures and practices consistent with §§24-73-101 et seq., C.R.S. Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 47 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 11 of 50 9. CONFLICTS OF INTEREST A. Actual Conflicts of Interest Subrecipient shall not engage in any business or activities or maintain any relationships that conflict in any way with the full performance of the obligations of Subrecipient under this Agreement. Such a conflict of interest would arise when a Subrecipient or Subcontractor’s employee, officer or agent were to offer or provide any tangible personal benefit to an employee of the State, or any member of his or her immediate family or his or her partner, related to the award of, entry into or management or oversight of this Agreement. B. Apparent Conflicts of Interest Subrecipient acknowledges that, with respect to this Agreement, even the appearance of a conflict of interest shall be harmful to the State’s interests. Absent the State’s prior written approval, Subrecipient shall refrain from any practices, activities or relationships that reasonably appear to be in conflict with the full performance of Subrecipient’s obligations under this Agreement. C. Disclosure to the State If a conflict or the appearance of a conflict arises, or if Subrecipient is uncertain whether a conflict or the appearance of a conflict has arisen, Subrecipient shall submit to the State a disclosure statement setting forth the relevant details for the St ate’s consideration. Failure to promptly submit a disclosure statement or to follow the State’s direction in regard to the actual or apparent conflict constitutes a breach of this Agreement. D. Subrecipient acknowledges that all State employees are subject to the ethical principles described in §24-18-105, C.R.S. Subrecipient further acknowledges that State employees may be subject to the requirements of §24-18-105, C.R.S., with regard to this Agreement. For the avoidance of doubt, an actual or apparent conflict of interest shall exist if Subrecipient employs or contracts with any State employee, any former State employee within six months following such employee’s termination of employment with the State, or any immediate family member of such current or former State employee. Subrecipient shall provide a disclosure statement as described in §9.C. no later than ten days following entry into a contractual or employment relationship as described in this section. Failure to timely submit a disclosure statement shall constitute a Breach of Agreement. Subrecipient may also be subject to such penalties as are allowed by law. 10. INSURANCE Subrecipient shall obtain and maintain, and ensure that each Subcontractor shall obtain and maintain, insurance as specified in this section at all times during the term of this Agreement. All insurance policies required by this Agreement that are not prov ided through self-insurance shall be issued by insurance companies as approved by the State. A. Workers’ Compensation Workers’ compensation insurance as required by state statute, and employers’ liability insurance covering all Subrecipient or Subcontractor employees acting within the course and scope of their employment. B. General Liability Commercial general liability insurance covering premises operations, fire damage, independent contractors, products and completed operations, blanket contractual liability, personal injury, and advertising liability with minimum limits as follows: i. $1,000,000 each occurrence; ii. $1,000,000 general aggregate; iii. $1,000,000 products and completed operations aggregate; and iv. $50,000 any 1 fire. C. Automobile Liability Automobile liability insurance covering any auto (including owned, hired and non-owned autos) with a minimum limit of $1,000,000 each accident combined single limit. Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 48 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 12 of 50 D. Additional Insured The State shall be named as additional insured on all commercial general liability policies (leases and construction contracts require additional insured coverage for completed operations) required of Subrecipient and Subcontractors. E. Primacy of Coverage Coverage required of Subrecipient and each Subcontractor shall be primary over any insurance or self-insurance program carried by Subrecipient or the State. F. Cancellation All insurance policies shall include provisions preventing cancellation or non-renewal, except for cancellation based on non-payment of premiums, without at least 30 days prior notice to Subrecipient and Subrecipient shall forward such notice to the State in accordance with §14 within seven days of Subrecipient’s receipt of such notice. G. Subrogation Waiver All insurance policies secured or maintained by Subrecipient or its Subcontractors in relation to this Agreement shall include clauses stating that each carrier shall waive all rights of recovery under subrogation or otherwise against Subrecipient or the State, its agencies, institutions, organizations, officers, agents, employees, and volunteers. H. Public Entities If Subrecipient is a "public entity" within the meaning of the Colorado Governmental Immunity Act, §24-10-101, et seq., C.R.S. (the “GIA”), Subrecipient shall maintain, in lieu of the liability insurance requirements stated above, at all times during the term of this Agreement such liability insurance, by commercial policy or self-insurance, as is necessary to meet its liabilities under the GIA. If a Subcontractor is a public entity within the meaning of the GIA, Subrecipient shall ensure that the Subcontractor maintain at all times during the terms of this Subrecipient, in lieu of the liability insurance requirements stated above, such liability insurance, by commercial policy or self-insurance, as is necessary to meet the Subcontractor’s obligations under the GIA. I. Certificates For each insurance plan provided by Subrecipient under this Agreement, Subrecipient shall provide to the State certificates evidencing Subrecipient’s insurance coverage required in this Agreement prior to the Effective Date. Subrecipient shall provide to t he State certificates evidencing Subcontractor insurance coverage required under this Agreement prior to the Effective Date, except that, if Subrecipient’s subcontract is not in effect as of the Effective Date, Subrecipient shall provide to the State certificates showing Subcontractor insurance coverage required under this Agreement within seven Business Days following Subrecipient’s execution of the subcontract. No later than 15 days before the expiration date of Subrecipient’s or any Subcontractor’s coverage, Subrecipient shall deliver to the State certificates of insurance evidencing renewals of coverage. At any other time during the term of this Agreement, upon request by the State, Subrecipient shall, within seven Business Days following the request by the State, supply to the State evidence satisfactory to the State of compliance with the provisions of this section. 11. BREACH OF AGREEMENT In the event of a Breach of Agreement, the aggrieved Party shall give written notice of breach to the other Party. If the notified Party does not cure the Breach of Agreement, at its sole expense, within 30 days after the delivery of written notice, the Party may exercise any of the remedies as described in §12 for that Party. Notwithstanding any provision of this Agreement to the contrary, the State, in its discretion, need not provide notice or a cure period and may immediately terminate this Agreement in whole or in part or institute any other remedy in this Agreement in order to protect the public interest of the State; or if Subrecipient is debarred or suspended under §24-109-105, C.R.S., the State, in its discretion, need not provide notice or cure period and may terminate this Agreement in whole or in part or institute any other remedy in this Agreement as of the date that the debarment or suspension takes effect. Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 49 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 13 of 50 12. REMEDIES A. State’s Remedies If Subrecipient is in breach under any provision of this Agreement and fails to cure such breach, the State, following the notice and cure period set forth in §11, shall have all of the remedies listed in this section in addition to all other remedies set forth in this Agreement or at law. The State may exercise any or all of the remedies available to it, in its discretion, concurrently or consecutively. i. Termination for Breach of Agreement In the event of Subrecipient’s uncured breach, the State may terminate this entire Agreement or any part of this Agreement. Additionally, if Subrecipient fails to comply with any terms of the Federal Award, then the State may, in its discretion or at the direction of a Federal Awarding Agency, terminate this entire Agreement or any part of this Agreement. Subrecipient shall continue performance of this Agreement to the extent not terminated, if any. a. Obligations and Rights To the extent specified in any termination notice, Subrecipient shall not incur further obligations or render further performance past the effective date of such notice, and shall terminate outstanding orders and subcontracts with third parties. However, Subrecipient shall complete and deliver to the State all Work not cancelled by the termination notice, and may incur obligations as necessary to do so within this Agreement’s terms. At the request of the State, Subrecipient shall assign to the State all of Subrecipient’s rights, title, and interest in and to such terminated orders or subcontracts. Upon termination, Subrecipient shall take timely, reasonable and necessary action to protect and preserve property in the possession of Subrecipient but in which the State has an interest. At the State’s request, Subrecipient shall return materials owned by the State in Subrecipient’s possession at the time of any termination. Subrecipient shall deliver all completed Work Product and all Work Product that was in the process of completion to the State at the State’s request. b. Payments Notwithstanding anything to the contrary, the State shall only pay Subrecipient for accepted Work received as of the date of termination. If, after termination by the State, the State agrees that Subrecipient was not in breach or that Subrecipient’s action or inaction was excusable, such termination shall be treated as a termination in the public interest, and the rights and obligations of the Parties shall be as if this Agreement had been terminated in the public interest under §2.E. c. Damages and Withholding Notwithstanding any other remedial action by the State, Subrecipient shall remain liable to the State for any damages sustained by the State in connection with any breach by Subrecipient, and the State may withhold payment to Subrecipient for the purpose o f mitigating the State’s damages until such time as the exact amount of damages due to the State from Subrecipient is determined. The State may withhold any amount that may be due Subrecipient as the State deems necessary to protect the State against loss including, without limitation, loss as a result of outstanding liens and excess costs incurred by the State in procuring from third parties replacement Work as cover. ii. Remedies Not Involving Termination The State, in its discretion, may exercise one or more of the following additional remedies: a. Suspend Performance Suspend Subrecipient’s performance with respect to all or any portion of the Work pending corrective action as specified by the State without entitling Subrecipient to an adjustment in price or cost or an adjustment in the performance schedule. Subrecipient shall promptly cease performing Work and incurring costs in accordance with the State’s directive, and the State shall not be liable for costs incurred by Subrecipient after the suspension of performance. Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 50 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 14 of 50 b. Withhold Payment Withhold payment to Subrecipient until Subrecipient corrects its Work. c. Deny Payment Deny payment for Work not performed, or that due to Subrecipient’s actions or inactions, cannot be performed or if they were performed are reasonably of no value to the state; provided, that any denial of payment shall be equal to the value of the obligations not performed. d. Removal Demand immediate removal of any of Subrecipient’s employees, agents, or Subcontractors from the Work whom the State deems incompetent, careless, insubordinate, unsuitable, or otherwise unacceptable or whose continued relation to this Agreement is deemed by the State to be contrary to the public interest or the State’s best interest. e. Intellectual Property If any Work infringes, or if the State in its sole discretion determines that any Work is likely to infringe, a patent, copyright, trademark, trade secret or other intellectual property right, Subrecipient shall, as approved by the State (i) secure that right to use such Work for the State and Subrecipient; (ii) replace the Work with noninfringing Work or modify the Work so that it becomes noninfringing; or, (iii) remove any infringing Work and refund the amount paid for such Work to the State. B. Subrecipient’s Remedies If the State is in breach of any provision of this Agreement and does not cure such breach, Subrecipient, following the notice and cure period in §11 and the dispute resolution process in §13 shall have all remedies available at law and equity. 13. DISPUTE RESOLUTION A. Initial Resolution Except as herein specifically provided otherwise, disputes concerning the performance of this Agreement which cannot be resolved by the designated Agreement representatives shall be referred in writing to a senior departmental management staff member designated by the State and a senior manager designated by Subrecipient for resolution. B. Resolution of Controversies If the initial resolution described in §13.A fails to resolve the dispute within 10 Business Days, Subrecipient shall submit any alleged breach of this Agreement by the State to the Procurement Official of the State Agency named on the Cover Page of this Agreement as described in §24-101- 301(30), C.R.S., for resolution following the same resolution of controversies process as described in §§24-106-109, and 24-109-101.1 through 24-109-505, C.R.S., (collectively, the “Resolution Statutes”), except that if Subrecipient wishes to challenge any decision rendered by the Procurement Official, Subrecipient’s challenge shall be an appeal to the executive director of the Department of Personnel and Administration, or their delegate, in the same manner as described in the Resolution Statutes before Subrecipient pursues any further action. Except as otherwise stated in this Section, all requirements of the Resolution Statutes shall apply including, without limitation, time limitations regardless of whether the Colorado Procurement Code applies to this Agreement. 14. NOTICES and REPRESENTATIVES Each individual identified as a Principal Representative on the Cover Page for this Agreement shall be the principal representative of the designating Party. All notices required or permitted to be given under this Agreement shall be in writing, and shall be delivered (A) by hand with receipt required, (B) by certified or registered mail to such Party’s principal representative at the address set forth on the Cover Page for this Agreement or (C) as an email with read receipt requested to the principal representative at the email address, if any, set forth on the Cover Page for this Agreement. If a Party delivers a notice to another through email and the email is undeliverable, then, unless the Party has been provided with an alternate email contact, the Party delivering the notice shall deliver the Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 51 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 15 of 50 notice by hand with receipt required or by certified or registered mail to such Party’s principal representative at the address set forth on the Cover Page for this Agreement. Either Party may change its principal representative or principal representative contact information, or may designate specific other individuals to receive certain types of notices in addition to or in lieu of a principal representative, by notice submitted in accordance with this section without a formal amendment to this Agreement. Unless otherwise provided in this Agreement, notices shall be effective upon delivery of the written notice. 15. RIGHTS IN WORK PRODUCT AND OTHER INFORMATION A. Work Product Subrecipient agrees to provide to the State a royalty-free, non-exclusive and irrevocable license to reproduce publish or otherwise use and to authorize others to use the Work Product described herein, for the Federal Awarding Agency’s and State’s purposes. All Work Product shall be delivered to the State by Subrecipient upon completion or termination hereof. B. Exclusive Property of the State Except to the extent specifically provided elsewhere in this Agreement, all State Records, documents, text, software (including source code), research, reports, proposals, specifications, plans, notes, studies, data, images, photographs, negatives, pictures, drawings, designs, models, surveys, maps, materials, ideas, concepts, know-how, and information provided by or on behalf of the State to Subrecipient are the exclusive property of the State (collectively, “State Materials”). Subrecipient shall not use, willingly allow, cause or permit Work Product or State Materials to be used for any purpose other than the performance of Subrecipient’s obligations in this Agreement without the prior written consent of the State. Upon termination of this Agreement for any reason, Subrecipient shall provide all Work Product and State Materials to the State in a form and manner as directed by the State. C. Exclusive Property of Subrecipient Subrecipient retains the exclusive rights, title, and ownership to any and all pre-existing materials owned or licensed to Subrecipient including, but not limited to, all pre-existing software, licensed products, associated source code, machine code, text images, audio and/or video, and third-party materials, delivered by Subrecipient under this Agreement, whether incorporated in a Deliverable or necessary to use a Deliverable (collectively, “Subrecipient Property”). Subrecipient Property shall be licensed to the State as set forth in this Agreement or a State approved license agreement: (i) entered into as exhibits to this Agreement, (ii) obtained by the State from the applicable third-party vendor, or (iii) in the case of open source software, the license terms set forth in the applicable open source license agreement. 16. GENERAL PROVISIONS A. Assignment Subrecipient’s rights and obligations under this Agreement are personal and may not be transferred or assigned without the prior, written consent of the State. Any attempt at assignment or transfer without such consent shall be void. Any assignment or transfer of Subrecipient’s rights and obligations approved by the State shall be subject to the provisions of this Agreement. B. Subcontracts Subrecipient shall not enter into any subaward or subcontract in connection with its obligations under this Agreement without the prior, written approval of the State. Subrecipient shall submit to the State a copy of each such subaward or subcontract upon request by the State. All subawards and subcontracts entered into by Subrecipient in connection with this Agreement shall comply with all applicable federal and state laws and regulations, shall provide that they are governed by the laws of the State of Colorado, and shall be subject to all provisions of this Agreement. If the entity with whom Subrecipient enters into a subcontract or subaward would also be considered a Subrecipient, then the subcontract or subaward entered into by Subrecipient shall also contain provisions permitting both Subrecipient and the State to perform all monitoring of that Subcontractor in accordance with the Uniform Guidance. Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 52 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 16 of 50 C. Binding Effect Except as otherwise provided in §16.A, all provisions of this Agreement, including the benefits and burdens, shall extend to and be binding upon the Parties’ respective successors and assigns. D. Authority Each Party represents and warrants to the other that the execution and delivery of this Agreement and the performance of such Party’s obligations have been duly authorized. E. Captions and References The captions and headings in this Agreement are for convenience of reference only, and shall not be used to interpret, define, or limit its provisions. All references in this Agreement to sections (whether spelled out or using the § symbol), subsections, exhibits or other attachments, are references to sections, subsections, exhibits or other attachments contained herein or incorporated as a part hereof, unless otherwise noted. F. Counterparts This Agreement may be executed in multiple, identical, original counterparts, each of which shall be deemed to be an original, but all of which, taken together, shall constitute one and the same agreement. G. Entire Understanding This Agreement represents the complete integration of all understandings between the Parties related to the Work, and all prior representations and understandings related to the Work, oral or written, are merged into this Agreement. Prior or contemporaneous additions, deletions, or other changes to this Agreement shall not have any force or effect whatsoever, unless embodied herein. H. Digital Signatures If any signatory signs this Agreement using a digital signature in accordance with the Colorado State Controller Contract, Grant and Purchase Order Policies regarding the use of digital signatures issued under the State Fiscal Rules, then any agreement or consent to use digital signatures within the electronic system through which that signatory signed shall be incorporated into this Agreement by reference. I. Modification Except as otherwise provided in this Agreement, any modification to this Agreement shall only be effective if agreed to in a formal amendment to this Agreement, properly executed and approved in accordance with applicable Colorado State law and State Fiscal Rules. Modifications permitted under this Agreement, other than Agreement amendments, shall conform to the policies issued by the Colorado State Controller. J. Statutes, Regulations, Fiscal Rules, and Other Authority. Any reference in this Agreement to a statute, regulation, State Fiscal Rule, fiscal policy or other authority shall be interpreted to refer to such authority then current, as may have been changed or amended since the Effective Date of this Agreement. K. External Terms and Conditions Notwithstanding anything to the contrary herein, the State shall not be subject to any provision included in any terms, conditions, or agreements appearing on Subrecipient’s or a Subcontractor’s website or any provision incorporated into any click-through or online agreements related to the Work unless that provision is specifically referenced in this Agreement. L. Severability The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect, provided that the Parties can continue to perform their obligations under this Agreement in accordance with the intent of this Agreement. M. Survival of Certain Agreement Terms Any provision of this Agreement that imposes an obligation on a Party after termination or expiration of this Agreement shall survive the termination or expiration of this Agreement and shall be enforceable by the other Party. Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 53 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 17 of 50 N. Taxes The State is exempt from federal excise taxes under I.R.C. Chapter 32 (26 U.S.C., Subtitle D, Ch. 32) (Federal Excise Tax Exemption Certificate of Registry No. 84-730123K) and from State and local government sales and use taxes under §§39-26-704(1), et seq., C.R.S. (Colorado Sales Tax Exemption Identification Number 98-02565). The State shall not be liable for the payment of any excise, sales, or use taxes, regardless of whether any political subdivision of the State imposes such taxes on Subrecipient. Subrecipient shall be solely responsible for any exemptions from the collection of excise, sales or use taxes that Subrecipient may wish to have in place in connection with this Agreement. O. Third Party Beneficiaries Except for the Parties’ respective successors and assigns described in §16.A, this Agreement does not and is not intended to confer any rights or remedies upon any person or entity other than the Parties. Enforcement of this Agreement and all rights and obligations hereunder are reserved solely to the Parties. Any services or benefits which third parties receive as a result of this Agreement are incidental to this Agreement, and do not create any rights for such third parties. P. Waiver A Party’s failure or delay in exercising any right, power, or privilege under this Agreement, whether explicit or by lack of enforcement, shall not operate as a waiver, nor shall any single or partial exercise of any right, power, or privilege preclude any other or further exercise of such right, power, or privilege. Q. CORA Disclosure To the extent not prohibited by federal law, this Agreement and the performance measures and standards required under §24-106-107, C.R.S., if any, are subject to public release through the CORA. R. Standard and Manner of Performance Subrecipient shall perform its obligations under this Agreement in accordance with the highest standards of care, skill and diligence in Subrecipient’s industry, trade, or profession. S. Licenses, Permits, and Other Authorizations i. Subrecipient shall secure, prior to the Effective Date, and maintain at all times during the term of this Agreement, at its sole expense, all licenses, certifications, permits, and other authorizations required to perform its obligations under this Agreement, and shall ensure that all employees, agents and Subcontractors secure and maintain at all times during the term of their employment, agency or Subcontractor, all license, certifications, permits and other authorizations required to perform their obligations in relation to this Agreement. ii. Subrecipient, if a foreign corporation or other foreign entity transacting business in the State of Colorado, shall obtain prior to the Effective Date and maintain at all times during the term of this Agreement, at its sole expense, a certificate of authority to transact business in the State of Colorado and designate a registered agent in Colorado to accept service of process. T. Federal Provisions Subrecipient shall comply with all applicable requirements of Exhibits C and D at all times during the term of this Agreement. U. Accessibility i. Grantee shall comply with and the Work Product provided under this Agreement shall be in compliance with all applicable provisions of §§24-85-101, et seq., C.R.S., and the Accessibility Standards for Individuals with a Disability, as established by the Governor’s Office of Information Technology (OIT), pursuant to Section §24-85-103 (2.5), C.R.S. Grantee shall also comply with all State of Colorado technology standards related to technology accessibility and with Level AA of the most current version of the Web Content Accessibility Guidelines (WCAG), incorporated in the State of Colorado technology standards. ii. The State may require Grantee’s compliance to the State’s Accessibility Standards to be determined by a third party selected by the State to attest to Grantee’s Work Product and software is in compliance with §§24-85-101, et seq., C.R.S., and the Accessibility Standards for Individuals with a Disability as established by OIT pursuant to Section §24-85-103 (2.5), C.R.S. Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 54 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 18 of 50 17. COLORADO SPECIAL PROVISIONS (COLORADO FISCAL RULE 3 -3) These Special Provisions apply to all agreements except where noted in italics. A. STATUTORY APPROVAL. §24-30-202(1), C.R.S. This Agreement shall not be valid until it has been approved by the Colorado State Controller or designee. If this Agreement is for a Major Information Technology Project, as defined in §24 - 37.5-102(2.6), C.R.S., then this Agreement shall not be valid until it has been approved by the State’s Chief Information Officer or designee. B. FUND AVAILABILITY. §24-30-202(5.5), C.R.S. Financial obligations of the State payable after the current State Fiscal Year are contingent upon funds for that purpose being appropriated, budgeted, and otherwise made available. C. GOVERNMENTAL IMMUNITY. Liability for claims for injuries to persons or property arising from the negligence of the State, its departments, boards, commissions committees, bureaus, offices, employees and officials shall be controlled and limited by the provisions of the Colorado Governmental Immunity Act, §24-10-101, et seq., C.R.S.; the Federal Tort Claims Act, 28 U.S.C. Pt. VI, Ch. 171 and 28 U.S.C. 1346(b), and the State’s risk management statutes, §§24-30-1501, et seq. C.R.S. No term or condition of this Agreement shall be construed or interpreted as a waiver, express or implied, of any of the immunities, rights, benefits, protections, or other provisions, contained in these statutes. D. INDEPENDENT CONTRACTOR. Subrecipient shall perform its duties hereunder as an independent contractor and not as an employee. Neither Subrecipient nor any agent or employee of Subrecipient shall be deemed to be an agent or employee of the State. Subrecipient shall not have authorization, express or implied, to bind the State to any agreement, liability or understanding, except as expressly set forth herein. Subrecipient and its employees and agents are not entitled to unemployment insurance or workers compensation benefits through the State and the State shall not pay for or otherwise provide such coverage for Subrecipient or any of its agents or employees. Subrecipient shall pay when due all applicable employment taxes and income taxes and local head taxes incurred pursuant to thi s Agreement. Subrecipient shall (i) provide and keep in force workers' compensation and unemployment compensation insurance in the amounts required by law, (ii) provide proof thereof when requested by the State, and (iii) be solely responsible for its acts and those of its employees and agents. E. COMPLIANCE WITH LAW. Subrecipient shall comply with all applicable federal and State laws, rules, and regulations in effect or hereafter established, including, without limitation, laws applicable to discrimination and unfair employment practices. F. CHOICE OF LAW, JURISDICTION, AND VENUE. Colorado law, and rules and regulations issued pursuant thereto, shall be applied in the interpretation, execution, and enforcement of this Agreement. Any provision included or incorporated herein by reference which conflicts with said laws, rules, and regulations shall be null and void. All suits or actions related to this Agreement shall be filed and proceedings held in the State of Colorado and exclusive venue shall be in the City and County of Denver. G. PROHIBITED TERMS. Any term included in this Agreement that requires the State to indemnify or hold Subrecipient harmless; requires the State to agree to binding arbitration; limits Subrecipient’s liability for damages resulting from death, bodily injury, or damage to tangible property; or that conflicts with this provision in any way shall be void ab initio. Nothing in this Agreement shall be construed as a waiver of any provision of §24-106-109, C.R.S. H. SOFTWARE PIRACY PROHIBITION. State or other public funds payable under this Agreement shall not be used for the acquisition, operation, or maintenance of computer software in violation of federal copyright laws or applicable licensing restrictions. Subrecipient hereby certifies and warrants that, during the term Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 55 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 19 of 50 of this Agreement and any extensions, Subrecipient has and shall maintain in place appropriate systems and controls to prevent such improper use of public funds. If the State determines that Subrecipient is in violation of this provision, the State may exercise any remedy available at law or in equity or under this Agreement, including, without limitation, immediate termination of this Agreement and any remedy consistent with federal copyright laws or applicable licensing restrictions. I. EMPLOYEE FINANCIAL INTEREST/CONFLICT OF INTEREST. §§24-18-201 and 24-50-507, C.R.S. The signatories aver that to their knowledge, no employee of the State has any personal or beneficial interest whatsoever in the service or property described in this Agreement. Subrecipient has no interest and shall not acquire any interest, direct or indirect, that would conflict in any manner or degree with the performance of Subrecipient’s services and Subrecipient shall not employ any person having such known interests. J. VENDOR OFFSET AND ERRONEOUS PAYMENTS. §§24-30-202(1) and 24-30-202.4, C.R.S. [Not applicable to intergovernmental agreements] Subject to §24-30-202.4(3.5), C.R.S., the State Controller may withhold payment under the State’s vendor offset intercept system for debts owed to State agencies for: (i) unpaid child support debts or child support arrearages; (ii) unpaid balances of tax, accrued interest, or other charges specified in §§39-21-101, et seq., C.R.S.; (iii) unpaid loans due to the Student Loan Division of the Department of Higher Education; (iv) amounts required to be paid to the Unemployment Compensation Fund; and (v) other unpaid debts owing to the State as a result of final agency determination or judicial action. The State may also recover, at the State’s discretion, payments made to Subrecipient in error for any reason, including, but not limited to, overpayments or improper payments, and unexpended or excess funds received by Subrecipient by deduction from subsequent payments under this Agreement, deduction from any payment due under any other contracts, grants or agreement s between the State and Subrecipient, or by any other appropriate method for collecting debts owed to the State. K. PUBLIC CONTRACTS FOR SERVICES. §§8-17.5-101, et seq., C.R.S. [Not applicable to agreements relating to the offer, issuance, or sale of securities, investment advisory services or fund management services, sponsored projects, intergovernmental agreements, or information technology services or products and services] Subrecipient certifies, warrants, and agrees that it does not knowingly employ or contract with an illegal alien who will perform work under this Agreement and will confirm the employment eligibility of all employees who are newly hired for employment in the United States to perform work under this Agreement, through participation in the E-Verify Program or the State verification program established pursuant to §8-17.5-102(5)(c), C.R.S., Subrecipient shall not knowingly employ or contract with an illegal alien to perform work under this Agreement or enter into a contract with a Subcontractor that fails to certify to Subrecipient that the Subcontractor shall not knowingly employ or contract with an illegal alien to perform work under this Agreement. Subrecipient (i) shall not use E-Verify Program or the program procedures of the Colorado Department of Labor and Employment (“Department Program”) to undertake pre- employment screening of job applicants while this Agreement is being performed, (ii) shall notify the Subcontractor and the contracting State agency or institution of higher education within three days if Subrecipient has actual knowledge that a Subcontractor is employing or contracting with an illegal alien for work under this Agreement, (iii) shall terminate the subcontract if a Subcontractor does not stop employing or contracting with the illegal alien within three days of receiving the notice, and (iv) shall comply with reasonable requests made in the course of an investigation, undertaken pursuant to §8-17.5-102(5), C.R.S., by the Colorado Department of Labor and Employment. If Subrecipient participates in the Department program, Subrecipient shall deliver to the contracting State agency, Institution of Higher Education or political subdivision, a written, notarized affirmation, affirming that Subrecipient has examined the legal work status of such employee, and shall comply with all of the other requi rements of the Department program. If Subrecipient fails to comply with any requirement of this provision or §§8-17.5-101, et seq., C.R.S., the contracting State agency, institution of higher education or political subdivision may terminate this Agreement for breach and, if so terminated, Subrecipient shall be liable for damages. Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 56 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 20 of 50 L. PUBLIC CONTRACTS WITH NATURAL PERSONS. §§24-76.5-101, et seq., C.R.S. Subrecipient, if a natural person eighteen (18) years of age or older, hereby swears and affirms under penalty of perjury that Subrecipient (i) is a citizen or otherwise lawfully present in the United States pursuant to federal law, (ii) shall comply with the provisions of §§24-76.5-101, et seq., C.R.S., and (iii) has produced one form of identification required by §24-76.5-103, C.R.S., prior to the Effective Date of this Agreement. Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 57 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 21 of 50 EXHIBIT A, STATEMENT OF WORK AND BUDGET Project Description* 2026-5311: Operating (using FFY 2021 residual funds) Federal Awarding Agency Federal Transit Administration (FTA) Year of Funding and Federal Funding Source FFY 2021 FTA-5311 CFDA Title Formula Grants for Rural Areas Program CFDA # 20.509 FAIN CO-2021-041 Federal Award Date August 27, 2021 CDOT Awarding Official Chief Engineer Address 2829 W. Howard Place Denver, CO 80204 Phone # (303) 757-9170 Subaward/Project Period of Performance and Budget Period Start Date The Effective Date or January 1, 2026 (whichever is earlier, subject to specific allowance of pre-award costs) Subaward/Project Period of Performance and Budget Period End Date December 31, 2026 Subrecipient Vail, Town of UEID # R17RS3JCQZ68 Contact Name Chris Southwick Vendor # 2000003 Address 75 South Frontage Road Vail, CO 81657-5096 Phone # (970) 479-2159 Email csouthwick@vail.gov Indirect Rate NA Total Project Budget $501,068.00 Budget WBS*** ALI Federal Funds Local Funds Total Operating 21-11-4041.VAIL.600 30.09.01 50% $250,534.00 50% $250,534.00 $501,068.00 Total Project Amount Encumbered via this Subaward Agreement $501,068.00 *This is not a research and development grant. ***The WBS numbers may be replaced without changing the amount of the grant at CDOT’s discretion. A. Project Description Town of Vail shall use FTA-5311 funds, along with local matching funds, to maintain the existence of public transportation services through the following goals: 1. Enhance access to health care, education, employment, public services, recreation, social transactions, and other basic needs; 2. Assist in the maintenance, development, improvement and use of public transportation in their Transportation Planning Region (TPR); 3. Encourage and facilitate the most efficient use of all transportation funds used to provide passenger transportation in their TPR through the coordination of programs and services; and 4. Encourage mobility management, employment-related transportation alternatives, joint development practices, and transit-oriented development. This funding is provided to support the services described above for calendar year 2026 (January 1 – December 31). Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 58 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 22 of 50 B. Performance Standards 1. Project Milestones Milestone Description Original Estimated Completion Date Submit Initial and Ongoing Reimbursement Request(s) in COTRAMS Monthly Submit 5311 Program Measure Report(s) in COTRAMS Quarterly Submit DBE Report(s) in COTRAMS Biannually Submit Final Reimbursement Request in COTRAMS 12/31/2026 IMPORTANT NOTE: All milestones in this Statement of Work (except for the final reimbursement request) must be completed no later than the End Date of this Subaward Agreement: December 31, 2026. 2. Performance will be monitored throughout the duration of this Subaward Agreement. Town of Vail shall report to the CDOT Project Manager whenever one or more of the following occurs: a. Budget or schedule changes; b. Scheduled milestone or completion dates are not met; c. Identification of problem areas and how the problems will be resolved; and/or d. Expected impacts and the efforts to recover from delays. 3. Performance will be measured based on: a. Completion of applicable 5311 Program Measure Reports in COTRAMS, and b. Completion of the annual National Transit Database (NTD) Report. 4. Town of Vail shall track and report on performance using the Program Measure Report in COTRAMS: a. Performance measures established for the FTA Section 5311 Program (Funds Expended, Fare Revenues, Sources of Expended Funds, Service Data, and Volunteer Resources) . 5. 5311 Program Measure Reports shall be submitted in COTRAMS by Town of Vail on or before the following due dates (as applicable to the Effective Date and date of closeout of this Subaward Agreement): a. Quarter 1 due April 28th; b. Quarter 2 due July 28th; c. Quarter 3 due October 28th; and d. Annual Report, including Quarter 4, due January 28th. 6. Town of Vail shall assist CDOT with Disadvantaged Business Enterprise (DBE) reporting to FTA by using the biannual FTA DBE Report in COTRAMS to report: a. Contracts awarded, payments made, and contracts completed between Town of Vail and prime contractors; and b. Contracts awarded, payments made, and contracts completed between Town of Vail’s prime contractors and their subcontractors. 7. DBE Program Measure Reports shall be submitted in COTRAMS by Town of Vail on or before the following due dates (as applicable to the Effective Date and date of closeout of this Subaward Agreement): a. Quarter 4 – Quarter 1 (for October 1 – March 31) due April 28th; and b. Quarter 2 – Quarter 3 (for April 1 – September 30) due October 28th. Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 59 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 23 of 50 C. Project Budget 1. The Total Project Budget is $501,068.00. CDOT will pay no more than 50% of the eligible, actual operating costs, up to the maximum amount of $250,534.00. CDOT will retain any remaining balance of the federal share of FTA-5311 Funds. Town of Vail shall be solely responsible for all costs incurred in the project in excess of the amount paid by CDOT from Federal Funds for the federal share of eligible, actual costs. For CDOT accounting purposes, the Federal Funds of (50%) for operating costs, and matching Local Funds of $250,534.00 (50%) for operating costs, will be encumbered for this Subaward Agreement. 2. No refund or reduction of the amount of Town of Vail’s share to be provided will be allowed unless there is at the same time a refund or reduction of the federal share of a proportionate amount. 3. Town of Vail may use eligible federal funds for the Local Funds share, but those funds cannot be from other Federal Department of Transportation (DOT) programs. Town of Vail’s share, together with the Federal Funds share, shall be enough to ensure payment of Total Project Budget. 4. Per the terms of this Subaward Agreement, CDOT will have no obligation to provide state funds for use on this project. CDOT will administer Federal Funds for this Project under the terms of this Subaward Agreement, provided that the federal share of FTA funds to be administered by CDOT are made available and remain available. Town of Vail shall initiate and prosecute to completion all actions necessary to enable Town of Vail to provide its share of the Total Project Budget at or prior to the time that such funds are needed to meet the Total Project Budget. D. Allowable Costs 1. Town of Vail shall agree to adhere to the provisions for allowable and unallowable costs cited in the following regulations: 2 CFR 200.420 through 200.476; Chapter VI of FTA Circular 5010.1; Master Agreement, Section 6 “Non-Federal Share;” and 2 CFR 200.102. Other applicable requirements for cost allowability not cited previously shall also be considered. 2. Town of Vail’s operating expenses are those costs directly related to system operations. At a minimum, Town of Vail should consider the following items as operating expenses: fuel, oil, drivers and dispatcher salaries and fringe benefits, and licenses. 3. If Town of Vail elects to take administrative assistance, eligible costs may include but are not limited to: general administrative expenses (e.g., salaries of the project director, secretary, and bookkeeper); marketing expenses; insurance premiums or payments to a self-insurance reserve; office supplies; facilities and equipment rental; standard overhead rates; and the costs of administering drug and alcohol testing. Additionally, administrative costs for promoting and coordinating ridesharing are eligible as project administration if the activity is part of a coordinated public transportation program. E. Reimbursement Eligibility 1. Town of Vail shall submit invoice(s) on a monthly basis via COTRAMS. Reimbursement will apply only to eligible expenses that are incurred within the period of performance of this Subaward Agreement. 2. Reimbursement requests shall be within the limits of Section D., Allowable Costs, of this Subaward Agreement. Town of Vail will be reimbursed based on the ratio of Federal Funds share and Local Funds share set forth in the Project Budget above. Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 60 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 24 of 50 3. Town of Vail shall submit the final request for reimbursement within forty-five (45) calendar days of December 31, 2026, and submit a Grant Closeout and Liquidation (GCL) Form in COTRAMS within fifteen (15) calendar days of receipt of the final reimbursement payment from CDOT. F. Training In an effort to enhance transit safety, Town of Vail and any subrecipients and contractors shall make a good faith effort to ensure that appropriate training of agency and contracted personnel is occurring and that personnel are up to date in appropriate certifications. In particular, Town of Vail shall ensure that driving personnel are provided professional training in defensive driving and training on the handling of mobility devices and transporting older adults and individuals with disabilities. G. Restrictions on Lobbying Town of Vail is certifying that it complies with 2 CFR 200.450 by entering into this Subaward Agreement. H. Special Conditions 1. Town of Vail shall comply with all requirements imposed by CDOT on Town of Vail so that the federal award is used in accordance with federal statutes, regulations, and the terms and conditions of the federal award. 2. Town of Vail shall permit CDOT and their auditors to have access to Town of Vail’s records and financial statements as necessary, with reasonable advance notice. 3. Town of Vail shall comply with the record retention requirements outlined in 2 CFR 200.334 and FTA Circular 5010.1. 4. Town of Vail shall not request reimbursement for costs on this project from more than one Federal Awarding Agency or other federal awards (i.e., no duplicate billing). 5. Town of Vail shall obtain prior CDOT approval, in writing, if FTA funds are intended to be used for payment of a lease or for third-party contracts. 6. Town of Vail shall advertise its service as available to the general public and shall not explicitly limit service by trip purpose or client type. 7. Town of Vail shall comply with FTA Drug and Alcohol Regulations, to include on time submission to FTA’s Drug and Alcohol Management Information System (DAMIS). 8. Town of Vail shall ensure subrecipients and/or contractors (if any) comply with FTA Drug and Alcohol Regulations. 9. Town of Vail shall comply with and accept all applicable terms and conditions contained in the U.S. Department of Transportation FTA Master Agreement dated November 26, 2025 (Master Agreement), or any amendments thereto. 10. Town of Vail shall ensure that it does not exclude from participation in, deny the benefits of, or subject to discrimination any person in the United States on the ground of race, color, national origin, sex, age or disability in accordance with Title VI of the Civil Rights Act of 1964. 11. Town of Vail shall seek to ensure non-discrimination in its programs and activities by developing and maintaining a Title VI Program in accordance with the “Requirements for FTA Subrecipients” in CDOT’s Title VI Program Plan and FTA Circular 4702.1, “Title VI Requirements and Guidelines for FTA Recipients.” Town of Vail shall also facilitate Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 61 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 25 of 50 FTA’s compliance with Executive Order 14173, “Ending Illegal Discrimination and Restoring Merit-Based Opportunity.” 12. Town of Vail shall provide transportation services to persons with disabilities in accordance with the Americans with Disabilities Act of 1990, as amended, 42 U.S.C. § 12101 et seq. 13. Town of Vail shall ensure that it does or will comply with the Americans with Disabilities Act, Section 504 of the Rehabilitation Act, FTA guidance, and any other federal, state, and/or local laws, rules and/or regulations. In any contract utilizing federal funds, land, or other federal aid, Town of Vail shall require its subrecipients and/or contractors to provide a statement of written assurance that they will comply with Section 504 and not discriminate on the basis of disability. 14. Town of Vail shall develop and maintain an Americans with Disabilities Act (ADA) Program in accordance with 28 CFR Part 35, Nondiscrimination on the Basis of Disability in State and Local Government Services, FTA Circular 4710.1, and any additional requirements established by CDOT for FTA subrecipients. 15. Town of Vail shall agree to maintain documentation that supports compliance with the ADA and produce said documentation to CDOT upon request. 16. Town of Vail shall adopt a Transit Asset Management Plan that complies with regulations implementing 49 U.S.C. § 5326(d). Town of Vail shall maintain and report annually to the National Transit Database (NTD) all required financial, service, and performance data. 17. Town of Vail shall include nondiscrimination language and the Disadvantaged Business Enterprise (DBE) assurance in all contracts and solicitations in accordance with DBE regulations, 49 CFR Part 26, and CDOT’s DBE program. 18. Town of Vail agrees that any incidental use (e.g. meal or package delivery) of any capital assets shall not reduce the quality or availability of its regular public transportation service. Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 62 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 26 of 50 EXHIBIT B, SAMPLE OPTION LETTER State Agency Department of Transportation Option Letter Number Insert the Option Number (e.g. "1" for the first option) Subrecipient Insert Subrecipient's Full Legal Name, including "Inc.", "LLC", etc... Original Agreement Number Insert CMS number or Other Contract Number of the Original Contract Subaward Agreement Amount Federal Funds Option Agreement Number Insert CMS number or Other Contract Number of this Option Maximum Amount (%) $0.00 Local Funds Agreement Performance Beginning Date The later of the Effective Date or Month, Day, Year Local Match Amount (%) $0.00 Agreement Total $0.00 Current Agreement Expiration Date Month, Day, Year 1. OPTIONS: A. Option to extend for an Extension Term or End of Term Extension. 2. REQUIRED PROVISIONS: A. For use with Option 1(A): In accordance with Section(s) 2.B/2.C of the Original Agreement referenced above, the State hereby exercises its option for an additional term/end of term extension, beginning Insert start date and ending on the current agreement expiration date shown above, at the rates stated in the Original Agreement, as amended. 3. OPTION EFFECTIVE DATE: A. The effective date of this Option Letter is upon approval of the State Controller or ____, whichever is later. STATE OF COLORADO Jared S. Polis, Governor Department of Transportation Shoshana M. Lew, Executive Director By:_______________________ Name:________________________ Title:__________________________ Date: _________________________ In accordance with §24-30-202, C.R.S., this Option Letter is not valid until signed and dated below by the State Controller or an authorized delegate. STATE CONTROLLER Robert Jaros, CPA, MBA, JD By:_____________________________________ __ Department of Transportation Option Letter Effective Date: __________________ Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 63 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 27 of 50 EXHIBIT C, FEDERAL PROVISIONS 1. APPLICABILITY OF PROVISIONS 1.1. The Grant to which these Federal Provisions are attached has been funded, in whole or in part, with an Award of Federal funds. In the event of a conflict between the provisions of these Federal Provisions, the Special Provisions, the body of the Grant, or any attachments or exhibits incorporated into and made a part of the Grant, the provisions of these Federal Provisions shall control. 1.2. The State of Colorado is accountable to Treasury for oversight of their subrecipients, including ensuring their subrecipients comply with federal statutes, Award Terms and Conditions, Treasury’s Final Rule, and reporting requirements, as applicable. 1.3. Additionally, any subrecipient that issues a subaward to another entity (2 nd tier subrecipient), must hold the 2nd tier subrecipient accountable to these provisions and adhere to reporting requirements. 1.4. These Federal Provisions are subject to the Award as defined in §2 of these Federal Provisions, as may be revised pursuant to ongoing guidance from the relevant Federal or State of Colorado agency or institutions of higher education. 2. DEFINITIONS. 2.1. For the purposes of these Federal Provisions, the following terms shall have the meanings ascribed to them below. 2.1.1. “Award” means an award of Federal financial assistance, and the Grant setting forth the terms and conditions of that financial assistance, that a non-Federal Entity receives or administers. 2.1.2. “Entity” means: 2.1.2.1. a Non-Federal Entity; 2.1.2.2. a foreign public entity; 2.1.2.3. a foreign organization; 2.1.2.4. a non-profit organization; 2.1.2.5. a domestic for-profit organization (for 2 CFR parts 25 and 170 only); 2.1.2.6. a foreign non-profit organization (only for 2 CFR part 170) only); 2.1.2.7. a Federal agency, but only as a Subrecipient under an Award or Subaward to a non-Federal entity (or 2 CFR 200.1); or 2.1.2.8. a foreign for-profit organization (for 2 CFR part 170 only). 2.1.3. “Executive” means an officer, managing partner or any other employee in a management position. 2.1.4. “Expenditure Category (EC)” means the category of eligible uses as defined by the US Department of Treasury in “Appendix 1 of the Compliance and Reporting Guidance, State and Local Fiscal Recovery Funds” report available at www.treasury.gov. 2.1.5. “Federal Awarding Agency” means a Federal agency providing a Federal Award to a Recipient as described in 2 CFR 200.1 Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 64 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 28 of 50 2.1.6. “Grant” means the Grant to which these Federal Provisions are attached. 2.1.7. “Grantee” means the party or parties identified as such in the Grant to which these Federal Provisions are attached. 2.1.8. “Non-Federal Entity means a State, local government, Indian tribe, institution of higher education, or nonprofit organization that carries out a Federal Award as a Recipient or a Subrecipient. 2.1.9. “Nonprofit Organization” means any corporation, trust, association, cooperative, or other organization, not including IHEs, that: 2.1.9.1. Is operated primarily for scientific, educational, service, charitable, or similar purposes in the public interest; 2.1.9.2. Is not organized primarily for profit; and 2.1.9.3. Uses net proceeds to maintain, improve, or expand the operations of the organization. 2.1.10. “OMB” means the Executive Office of the President, Office of Management and Budget. 2.1.11. “Pass-through Entity” means a non-Federal Entity that provides a Subaward to a Subrecipient to carry out part of a Federal program. 2.1.12. “Prime Recipient” means the Colorado State agency or institution of higher education identified as the Grantor in the Grant to which these Federal Provisions are attached . 2.1.13. “Subaward” means an award by a Prime Recipient to a Subrecipient funded in whole or in part by a Federal Award. The terms and conditions of the Federal Award flow down to the Subaward unless the terms and conditions of the Federal Award specifically indicate otherwise in accordance with 2 CFR 200.101. The term does not include payments to a Contractor or payments to an individual that is a beneficiary of a Federal program. 2.1.14. “Subrecipient” or “Subgrantee” means a non-Federal Entity (or a Federal agency under an Award or Subaward to a non-Federal Entity) receiving Federal funds through a Prime Recipient to support the performance of the Federal project or program for which the Federal funds were awarded. A Subrecipient is subject to the terms and conditions of the Federal Award to the Prime Recipient, including program compliance requirements. The term does not include an individual who is a beneficiary of a federal program . For SLFRF Grants, a subrecipient relationship continues to exist for Expenditure Category 6.1 Revenue Replacement. 2.1.15. “System for Award Management (SAM)” means the Federal repository into which an Entity must enter the information required under the Transparency Act, which may be found at http://www.sam.gov. “Total Compensation” means the cash and noncash dollar value earned by an Executive during the Prime Recipient’s or Subrecipient’s preceding fiscal year (see 48 CFR 52.204-10, as prescribed in 48 CFR 4.1403(a)) and includes the following: Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 65 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 29 of 50 2.1.15.1. Salary and bonus; 2.1.15.2. Awards of stock, stock options, and stock appreciation rights, using the dollar amount recognized for financial statement reporting purposes with respect to the fiscal year in accordance with the Statement of Financial Accounting Standards No. 123 (Revised 2005) (FAS 123R), Shared Based Payments; 2.1.15.3. Earnings for services under non-equity incentive plans, not including group life, health, hospitalization or medical reimbursement plans that do not discriminate in favor of Executives and are available generally to all salaried employees; 2.1.15.4. Change in present value of defined benefit and actuarial pension plans; 2.1.15.5. Above-market earnings on deferred compensation which is not tax- qualified; 2.1.15.6. Other compensation, if the aggregate value of all such other compensation (e.g., severance, termination payments, value of life insurance paid on behalf of the employee, perquisites or property) for the Executive exceeds $10,000. 2.1.16. “Transparency Act” means the Federal Funding Accountability and Transparency Act of 2006 (Public Law 109 -282), as amended by §6202 of Public Law 110-252. 2.1.17. “Uniform Guidance” means the Office of Management and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards . The terms and conditions of the Uniform Guidance flow down to Awards to Subrecipients unless the Uniform Guidance or the terms and conditions of the Federal Award specifically indicate otherwise. 2.1.18. “Unique Entity ID Number” means the Unique Entity ID established by the federal government for a Grantee at https://sam.gov/content/home 3. COMPLIANCE. 3.1. Grantee shall comply with all applicable provisions of the Transparency Act and the regulations issued pursuant thereto, all provisions of the Uniform Guidance, and all applicable Federal Laws and regulations required by this Federal Award. Any revisions to such provisions or regulations shall automatically become a part of these Federal Provisions, without the necessity of either party executing any further instrument. The State of Colorado, at its discretion, may provide written notification to Grantee of such revisions, but such notice shall not be a condition precedent to the effectiveness of such revisions. 3.2. Per US Treasury Final Award requirements, grantee programs or services must not include terms or conditions that undermine efforts to stop COVID -19 or discourage compliance with recommendations and CDC guidelines. 4. SYSTEM FOR AWARD MANAGEMENT (SAM) AND UNIQUE ENTITY ID SYSTEM (UEI) REQUIREMENTS. Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 66 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 30 of 50 4.1. SAM. Grantee shall maintain the currency of its information in SAM until the Grantee submits the final financial report required under the Award or receives final payment, whichever is later. Grantee shall review and update SAM information at least annually. 4.2. UEI. Grantee shall provide its Unique Entity ID to its Prime Recipient, and shall update Grantee’s information in SAM.gov at least annually. 5. TOTAL COMPENSATION. 5.1. Grantee shall include Total Compensation in SAM for each of its five most highly compensated Executives for the preceding fiscal year if: 5.1.1. The total Federal funding authorized to date under the Award is $30,000 or more; and 5.1.2. In the preceding fiscal year, Grantee received: 5.1.2.1. 80% or more of its annual gross revenues from Federal procurement Agreements and Subcontractors and/or Federal financial assistance Awards or Subawards subject to the Transparency Act; and 5.1.2.2. $30,000,000 or more in annual gross revenues from Federal procurement Agreements and Subcontractors and/or Federal financial assistance Awards or Subawards subject to the Transparency Act; and 5.1.2.3. 5.1.2.3 The public does not have access to information about the compensation of such Executives through periodic reports filed under section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m(a), 78o(d) or § 6104 of the Internal Revenue Code of 1986. 6. REPORTING. 6.1. If Grantee is a Subrecipient of the Award pursuant to the Transparency Act, Grantee shall report data elements to SAM and to the Prime Recipient as required in this Exhibit. No direct payment shall be made to Grantee for providing any reports required under these Federal Provisions and the cost of producing such reports shall be included in the Grant price. The reporting requirements in this Exhibit are based on guidance from the OMB, and as such are subject to change at any time by OMB. Any such changes shall be automatically incorporated into this Grant and shall become part of Grantee’s obligations under this Grant. 7. EFFECTIVE DATE AND DOLLAR THRESHOLD FOR FEDERAL REPORTING. Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 67 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 31 of 50 7.1. Reporting requirements in §8 below apply to new Awards as of October 1, 2010, if the initial award is $30,000 or more. If the initial Award is below $30,000 but subsequent Award modifications result in a total Award of $30,000 or more, the Award is subject to the reporting requirements as of the date the Award exceeds $30,000. If the initial Award is $30,000 or more, but funding is subsequently de-obligated such that the total award amount falls below $30,000, the Award shall continue to be subject to the reporting requirements. If the total award is below $30,000 no reporting required; if more than $30,000 and less than $50,000 then FFATA reporting is required; and, $50,000 and above SLFRF reporting is required. 7.2. The procurement standards in §9 below are applicable to new Awards made by Prime Recipient as of December 26, 2015. The standards set forth in §11 below are applicable to audits of fiscal years beginning on or after December 26, 2014. 8. SUBRECIPIENT REPORTING REQUIREMENTS. [INTENTIONALLY DELETED] 9. PROCUREMENT STANDARDS. 9.1. Procurement Procedures. A Subrecipient shall use its own documented procurement procedures which reflect applicable State, local, and Tribal laws and applicable regulations, provided that the procurements conform to applicable Federal law and the standards identified in the Uniform Guidance, including without limitation, 2 CFR 200.318 through 200.327 thereof. 9.2. Domestic preference for procurements (2 CFR 200.322). As appropriate and to the extent consistent with law, the non -Federal entity should, to the greatest extent practicable under a Federal award, provide a preference for the purchase, acquisition, or use of goods, products, or materials produced in the United States (including but not limited to iron, aluminum, steel, cement, and other manufactured products). The requirements of this section must be included in all subawards including all Agreements and p urchase orders for work or products under this award. 9.3. Procurement of Recovered Materials. If a Subrecipient is a State Agency or an agency of a political subdivision of the State, its Contractors must comply with section 6002 of the Solid Waste Disposal Act, as amended by the Resource Conservation and Recovery Act. The requirements of Section 6002 include procuring only items designated in guidelines of the Environmental Protection Agency (EPA) at 40 CFR part 247, that contain the highest percentage of recovered materials practicable, consistent with maintaining a satisfactory level of competition, where the purchase price of the item exceeds $10,000 or the value of the quantity acquired during the preceding fiscal year exceeded $10,000; procuring solid waste management services in a manner that maximizes energy and resource recovery; and establishing an affirmative procurement program for procurement of recovered materials identified in the EPA guidelines. 10. ACCESS TO RECORDS. Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 68 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 32 of 50 10.1. A Subrecipient shall permit Prime Recipient and its auditors to have access to Subrecipient’s records and financial statements as necessary for Recipient to meet the requirements of 2 CFR 200.332 (Requirements for pass-through entities), 2 CFR 200.300 (Statutory and national policy requirements) through 2 CFR 200.309 (Period of performance), and Subpart F-Audit Requirements of the Uniform Guidance. 11. SINGLE AUDIT REQUIREMENTS. 11.1. If a Subrecipient expends $750,000 or more in Federal Awards during the Subrecipient’s fiscal year, the Subrecipient shall procure or arrange for a single or program-specific audit conducted for that year in accordance with the provisions of Subpart F -Audit Requirements of the Uniform Guidance, issued pursuant to the Single Audit Act Amendments of 1996, (31 U.S.C. 7501- 7507). 2 CFR 200.501. 11.1.1. Election. A Subrecipient shall have a single audit conducted in accordance with Uniform Guidance 2 CFR 200.514 (Scope of audit), except when it elects to have a program -specific audit conducted in accordance with 2 CFR 200.507 (Program-specific audits). The Subrecipient may elect to have a program-specific audit if Subrecipient expends Federal Awards under only one Federal program (excluding research and development) and the Federal program’s statutes, regulations, or the terms and conditions of the Federal award do not require a financial statement audit of Prime Recipient. A program -specific audit may not be elected for research and development unless all of the Federal Awards expended were received from Recipient and Recipient approves in advance a program - specific audit. 11.1.2. Exemption. If a Subrecipient expends less than $750,000 in Federal Awards during its fiscal year, the Subrecipient shall be exempt from Federal audit requirements for that year, except as noted in 2 CFR 200.503 (Relation to other audit requirements), but records shall be available for review or audit by appropriate officials of the Federal agency, the State, and the Government Accountability Office. 11.1.3. Subrecipient Compliance Responsibility. A Subrecipient shall procure or otherwise arrange for the audit required by Subpart F of the Uniform Guidance and ensure it is properly performed and submitted when due in accordance with the Uniform Guidance. Subrecipient shall prepare appropriate financial statements, including the schedule of expenditures of Federal awards in accordance with 2 CFR 200.510 (Financial statements) and provide the auditor with access to personnel, accounts, books, records, supporting documentation, and other information as needed for the auditor to perform the audit required by Uniform Guidance Subpart F-Audit Requirements. 12. GRANT PROVISIONS FOR SUBRECIPIENT AGREEMENTS. 12.1. In addition to other provisions required by the Federal Awarding Agency or the Prime Recipient, Grantees that are Subrecipients shall comply with the following provisions. Subrecipients shall include all of the following applicable provisions in all Subcontractors entered into by it pursuant to this Grant. Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 69 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 33 of 50 12.1.1. [Applicable to federally assisted construction Agreements.] Equal Employment Opportunity. Except as otherwise provided under 41 CFR Part 60, all Agreements that meet the definition of “federally assisted construction Agreement” in 41 CFR Part 60-1.3 shall include the equal opportunity clause provided under 41 CFR 60-1.4(b), in accordance with Executive Order 11246, “Equal Employment Opportunity” (30 FR 12319, 12935, 3 CFR Part, 1964 -1965 Comp., p. 339), as amended by Executive Order 11375, “Amending Executive Order 11246 Relating to Equal Employment Opportunity,” and implementing regulations at 41 CFR part 60, Office of Federal Agreement Compliance Programs, Equal Employment Opportunity, Department of Labor. 12.1.2. [Applicable to on-site employees working on government-funded construction, alteration and repair projects.] Davis-Bacon Act. Davis- Bacon Act, as amended (40 U.S.C. 3141-3148). 12.1.3. Rights to Inventions Made Under a grant or agreement. If the Federal Award meets the definition of “funding agreement” under 37 CFR 401.2 (a) and the Prime Recipient or Subrecipient wishes to enter into an Agreement with a small business firm or nonprofit organization regarding the substitution of parties, assignment or performance of experimental, developmental, or research work under that “funding agreement,” the Prime Recipient or Subrecipient must comply with the requirements of 37 CFR Part 401, “Rights to Inventions Made by Nonprofit Organizations and Small Business Firms Under Government Grants, Agreements and Cooperative Agreements,” and any implementing regulations issued by the Federal Awarding Agency. 12.1.4. Clean Air Act (42 U.S.C. 7401-7671q.) and the Federal Water Pollution Control Act (33 U.S.C. 1251-1387), as amended. Agreements and subgrants of amounts in excess of $150,000 must contain a provision that requires the non-Federal awardees to agree to comply with all applicable standards, orders or regulations issued pursuant to the Clean Air Act (42 U.S.C. 7401-7671q) and the Federal Water Pollution Control Act as amended (33 U.S.C. 1251-1387). Violations must be reported to the Federal Awarding Agency and the Regional Office of the Environmental Protection Agency (EPA). 12.1.5. Debarment and Suspension (Executive Orders 12549 and 12689). A Agreement award (see 2 CFR 180.220) must not be made to parties listed on the government wide exclusions in SAM , in accordance with the OMB guidelines at 2 CFR 180 that implement Executive Orders 12549 (3 CFR part 1986 Comp., p. 189) and 12689 (3 CFR part 1989 Comp., p. 235), “Debarment and Suspension.” SAM Exclusions contains the names of parties debarred, suspended, or otherwise excluded by agencies, as well as parties declared ineligible under statutory or regulatory authority other than Executive Order 12549. Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 70 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 34 of 50 12.1.6. Byrd Anti-Lobbying Amendment (31 U.S.C. 1352). Contractors that apply or bid for an award exceeding $100,000 must file the required certification. Each tier certifies to the tier above that it will not and has not used Federal appropriated funds to pay any person or organization for influencing or attempting to influence an officer or employee of any agency, a member of Congress, officer or employee of Congress, or an employee of a member of Congress in connection with obtaining any Federal Agreement, grant or any other award covered by 31 U.S.C. 1352. Each tier must also disclose any lobbying with non -Federal funds that takes place in connection with obtaining any Federal award. Such disclosures are forwarded from tier to tier up to the non-Federal award. 12.1.7. Never Contract with the Enemy (2 CFR 200.215). Federal awarding agencies and recipients are subject to the regulations implementing “Never Contract with the Enemy” in 2 CFR part 183. The regulations in 2 CFR part 183 affect covered Agreements, grants and cooperative agreements that are expected to exceed $50,000 within the period of performance, are performed outside the United States and its territories, and are in support of a contingency operation in which members of the Armed Forces are actively engaged in hostilities. 12.1.8. Prohibition on certain telecommunications and video surveillance services or equipment (2 CFR 200.216). Grantee is prohibited from obligating or expending loan or grant funds on certain telecommunications and video surveillance services or equipment pursuant to 2 CFR 200.216. 12.1.9. Title VI of the Civil Rights Act. The Subgrantee, Contractor, Subcontractor, transferee, and assignee shall comply with Title VI of the Civil Rights Act of 1964, which prohibits recipients of federal financial assistance from excluding from a program or activity, denying benefits of, or otherwise discriminating against a person on the basis of race, color, or national origin (42 U.S.C. § 2000d et seq.), as implemented by the Department of Treasury’s Title VI regulations, 31 CFR Part 22, which are herein incorporated by reference and made a part of this Agreement (or agreement). Title VI also includes protection to persons with “Limited English Proficiency” in any program or activity receiving federal financial assistance, 42 U.S. C. § 2000d et seq., as implemented by the Department of the Treasury’s Title VI regulations, 31 CRF Part 22, and herein incorporated by reference and made part of this Agreement or agreement. 13. CERTIFICATIONS. 13.1. Subrecipient Certification. Subrecipient shall sign a “State of Colorado Agreement with Recipient of Federal Recovery Funds” Certification Form in Exhibit E and submit to State Agency with signed grant agreement. Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 71 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 35 of 50 13.2. Unless prohibited by Federal statutes or regulations, Prime Recipient may require Subrecipient to submit certifications and representations required by Federal statutes or regulations on an annual basis. 2 CFR 200.208. Submission may be required more frequently if Subrecipient fails to meet a requirement of the Federal award. Subrecipient shall certify in writing to the State at the end of the Award that the project or activity was completed or the level of effort was expended. 2 CFR 200.201(3). If the required level of activity or effort was not carried out, the amount of the Award must be adjusted. 14. EXEMPTIONS. 14.1. These Federal Provisions do not apply to an individual who receives an Award as a natural person, unrelated to any business or non-profit organization he or she may own or operate in his or her name. 14.2. A Grantee with gross income from all sources of less than $300,000 in the previous tax year is exempt from the requirements to report Subawards and the Total Compensation of its most highly compensated Executives. 15. EVENT OF DEFAULT AND TERMINATION. 15.1. Failure to comply with these Federal Provisions shall constitute an event of default under the Grant and the State of Colorado may terminate the Grant upon 30 days prior written notice if the default remains uncured five calendar days following the termination of the 30 -day notice period. This remedy will be in addition to any other remedy available to the State of Colorado under the Grant, at law or in equity. 15.2. Termination (2 CFR 200.340). The Federal Award may be terminated in whole or in part as follows: 15.2.1. By the Federal Awarding Agency or Pass -through Entity, if a Non- Federal Entity fails to comply with the terms and conditions of a Federal Award; 15.2.2. By the Federal awarding agency or Pass-through Entity, to the greatest extent authorized by law, if an award no longer effectuates the program goals or agency priorities; 15.2.3. By the Federal awarding agency or Pass-through Entity with the consent of the Non-Federal Entity, in which case the two parties must agree upon the termination conditions, including the effective date and, in the case of partial termination, the portion to be terminated; 15.2.4. By the Non-Federal Entity upon sending to the Federal Awarding Agency or Pass-through Entity written notification setting forth the reasons for such termination, the effective date, and, in the case of partial termination, the portion to be terminated. However, if the Federal Awarding Agency or Pass-through Entity determines in the case of partial termination that the reduced or modified portion of the Federal Award or Subaward will not accomplish the purposes for which the Federal Award was made, the Federal Awarding Agency or Pass-through Entity may terminate the Federal Award in its entirety; or Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 72 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 36 of 50 15.2.5. By the Federal Awarding Agency or Pass-through Entity pursuant to termination provisions included in the Federal Award. Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 73 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 37 of 50 EXHIBIT D, REQUIRED FEDERAL CONTRACT/AGREEMENT CLAUSES Section 3(l) – No Federal government obligations to third-parties by use of a disclaimer No Federal/State Government Commitment or Liability to Third Parties. Except as the Federal Government or CDOT expressly consents in writing, the Subrecipient agrees that: (1) The Federal Government or CDOT does not and shall not have any commitment or liability related to the Underlying Agreement, to any Third party Participant at any tier, or to any other person or entity that is not a party (FTA, CDOT or the Subrecipient) to the underlying Agreement, and (2) Notwithstanding that the Federal Government or CDOT may have concurred in or approved any Solicitation or Third party Agreement at any tier that may affect the underlying Agreement, the Federal Government and CDOT does not and shall not have any commitment or liability to any Third Party Participant or other entity or person that is not a party (FTA, CDOT, or the Subrecipient) to the underlying Agreement. Section 4(f) – Program fraud and false or fraudulent statements and related acts False or Fraudulent Statements or Claims. (1) Civil Fraud. The Subrecipient acknowledges and agrees that: (a) Federal laws, regulations, and requirements apply to itself and its Agreement, including the Program Fraud Civil Remedies Act of 1986, as amended, 31 U.S.C. § 3801 et seq., and U.S. DOT regulations, “Program Fraud Civil Remedies,” 49 CFR part 31. (b) By executing the Agreement, the Subrecipient certifies and affirms to the Federal Government the truthfulness and accuracy of any claim, statement, submission, certification, assurance, affirmation, or representation that the Subrecipient provides to the Federal Government and CDOT. (c) The Federal Government and CDOT may impose the penalties of the Program Fraud Civil Remedies Act of 1986, as amended, and other applicable penalties if the Subrecipient presents, submits, or makes available any false, fictitious, or fraudulent information. (2) Criminal Fraud. The Subrecipient acknowledges that 49 U.S.C. § 5323(l)(1) authorizes the Federal Government to impose the penalties under 18 U.S.C. § 1001 if the Subrecipient provides a false, fictitious, or fraudulent claim, statement, submission, certification, assurance, or representation in connection with a federal public transportation program under 49 U.S.C. chapter 53 or any other applicable federal law. Section 9. Record Retention and Access to Sites of Performance. (a) Types of Records. The Subrecipient agrees that it will retain, and will require its Third party Participants to retain, complete and readily accessible records related in whole or in part to the underlying Agreement, including, but not limited to, data, documents, reports, statistics, subagreements, leases, third party contracts, arrangements, other third party agreements of any type, and supporting materials related to those records. (b). Retention Period. The Subrecipient agrees to comply with the record retention requirements in the applicable U.S. OT Common Rule. Records pertaining to its Award, the accompanying underlyingAgreement, and any Amendments thereto must be retained from the day the underlying Agreement was signed by the authorized FTA (or State) official through the course of the Award, the accompanying Agreement, and any Amendments thereto until three years after the Subrecipient has submitted its last or final expenditure report, and other pending matters are closed. (c) Access to Recipient and Third party Participant Records. The Subrecipient agrees and assures that each Subrecipient, if any, will agree to: (1) Provide, and require its Third Party Participants at each tier to provide, sufficient access to inspect and audit records and information related to its Award, the accompanying Agreement, and any Amendments thereto to the U.S. Secretary of Transportation or the Secretary’s duly authorized representatives, to the Comptroller General of the United States, and the Comptroller General’s duly authorized representatives, and to the Subrecipient and each of its Subrecipients, (2) Permit those individuals listed above to inspect all work and materials related to its Award, and to audit any information related to its Award under the control of the Subrecipient or Third party Participant within books, records, accounts, or other locations, and (3) Otherwise comply with 49 U.S.C. § 5325(g), and federal access to records requirements as set forth in the applicable U.S. DOT Common Rules. (d) Access to the Sites of Performance. The Subrecipient agrees to permit, and to require its Third party Participants to permit, FTA and CDOT to have access to the sites of performance of its Award, the accompanying Agreement, and any Amendments thereto, and to make site visits as needed in compliance with State and the U.S. DOT Common Rules. Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 74 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 38 of 50 (e) Closeout. Closeout of the Award does not alter the record retention or access requirements of this section of the Master Agreement. 3(G) – Federal Changes Application of Federal, State, and Local Laws, Regulations, Requirements, and Guidance. The Subrecipient agrees to comply with all applicable federal requirements and federal guidance. All standards or limits are minimum requirements when those standards or limits are included in the Recipient’s Agreement or this Master Agreement. At the time the FTA Authorized Official (or CDOT) awards federal assistance to the Subrecipient in support of the Agreement, the federal requirements and guidance that apply then may be modified from time to time and will apply to the Subrecipient or the accompanying Agreement, except as FTA determines otherwise in writing. 12 – Civil Rights (c) Nondiscrimination – Title VI of the Civil Rights Act. The Subrecipient agrees to, and assures that each Third party Participant, will: (1) Prohibit discrimination on the basis of race, color, or national origin, (2) Comply with: (i) Title VI of the Civil Rights Act of 1964, as amended, 42 U.S.C. § 2000d et seq.; (ii) U.S. DOT regulations, “Nondiscrimination in Federally-Assisted Programs of the Department of Transportation – Effectuation of Title VI of the Civil Rights Act of 1964,” 49 CFR part 21; and (iii) Federal transit law, specifically 49 U.S.C. § 5332; and (3) Follow: (i) The most recent edition of FTA Circular 4702.1, “Title VI Requirements and Guidelines for Federal Transit Administration Recipients,” to the extent consistent with applicable federal laws, regulations, requirements, and guidance; (ii) U.S. DOJ, “Guidelines for the enforcement of Title VI, Civil Rights Act of 1964,” 28 CFR § 50.3; and (iii) All other applicable federal guidance that may be issued. (d) Equal Employment Opportunity. (1) Federal Requirements and Guidance. The Subrecipient agrees to, and assures that each Third Party Participant will prohibit discrimination on the basis of race, color, religion, sex, sexual orientation, gender identity, or national origin, and: (i) Comply with Title VII of the Civil Rights Act of 1964, as amended, 42 U.S.C. § 2000e et seq.; (ii) Comply with Title I of the Americans with Disabilities Act of 1990, as amended, 42 U.S.C. §§ 12101, et seq.; (iii) Facilitate compliance with Executive Order No. 11246, “Equal Employment Opportunity” September 24, 1965 (42 U.S.C. § 2000e note), as amended by any later Executive Order that amends or supersedes it in part and is applicable to federal assistance programs; (iv) Comply with federal transit law, specifically 49 U.S.C. § 5332, as provided in section 12 of the Master Agreement; (v) FTA Circular 4704.1 “Equal Employment Opportunity (EEO) Requirements and Guidelines for Federal Transit Administration Recipients;” and (vi) Follow other federal guidance pertaining to EEO laws, regulations, and requirements. (2). Specifics. The Subrecipient agrees to, and assures that each Third Party Participant will: (i) Affirmative Action. Take affirmative action that includes, but is not limited to: (A) Recruitment advertising, recruitment, and employment; (B) Rates of pay and other forms of compensation; (C) Selection for training, including apprenticeship, and upgrading; and (D) Transfers, demotions, layoffs, and terminations; but (ii) Indian Tribe. Recognize that Title VII of the Civil Rights Act of 1964, as amended, exempts Indian Tribes under the definition of “Employer,” and (3) Equal Employment Opportunity Requirements for Construction Activities. Comply, when undertaking “construction” as recognized by the U.S. Department of Labor (U.S. DOL), with: (i) U.S. DOL regulations, “Office of Federal Contract Compliance Programs, Equal Employment Opportunity, Department of Labor,” 41 CFR chapter 60; and (ii) Executive Order No. 11246, “Equal Employment Opportunity in Federal Employment,” September 24, 1965, 42 U.S.C. § 2000e note, as amended by any later Executive Order that amends or supersedes it, referenced in 42 U.S.C. § 2000e note. Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 75 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 39 of 50 (h) Nondiscrimination on the Basis of Disability. The Subrecipient agrees to comply with the following federal prohibitions against discrimination on the basis of disability: (1) Federal laws, including: (i) Section 504 of the Rehabilitation Act of 1973, as amended, 29 U.S.C. § 794, which prohibits discrimination on the basis of disability in the administration of federally assisted Programs, Projects, or activities; (ii) The Americans with Disabilities Act of 1990 (ADA), as amended, 42 U.S.C. § 12101 et seq., which requires that accessible facilities and services be made available to individuals with disabilities: (A) For FTA Recipients generally, Titles I, II, and III of the ADA apply; but (B) For Indian Tribes, Titles II and III of the ADA apply, but Title I of the ADA does not apply because it exempts Indian Tribes from the definition of “employer;” (iii) The Architectural Barriers Act of 1968, as amended, 42 U.S.C. § 4151 et seq., which requires that buildings and public accommodations be accessible to individuals with disabilities; (iv) Federal transit law, specifically 49 U.S.C. § 5332, which now includes disability as a prohibited basis for discrimination; and (v) Other applicable federal laws, regulations, and requirements pertaining to access for seniors or individuals with disabilities. (2) Federal regulations and guidance, including: (i) U.S. DOT regulations, “Transportation Services for Individuals with Disabilities (ADA),” 49 CFR part 37; (ii) U.S. DOT regulations, “Nondiscrimination on the Basis of Disability in Programs and Activities Receiving or Benefiting from Federal Financial Assistance,” 49 CFR part 27; (iii) Joint U.S. Architectural and Transportation Barriers Compliance Board (U.S. ATBCB) and U.S. DOT regulations, “Americans With Disabilities (ADA) Accessibility Specifications for Transportation Vehicles,” 36 CFR part 1192 and 49 CFR part 38; (iv) U.S. DOT regulations, “Transportation for Individuals with Disabilities: Passenger Vessels,” 49 CFR part 39; (v) U.S. DOJ regulations, “Nondiscrimination on the Basis of Disability in State and Local Government Services,” 28 CFR part 35; (vi) U.S. DOJ regulations, “Nondiscrimination on the Basis of Disability by Public Accommodations and in Commercial Facilities,” 28 CFR part 36; (vii) U.S. EEOC, “Regulations to Implement the Equal Employment Provisions of the Americans with Disabilities Act,” 29 CFR part 1630; (viii) U.S. Federal Communications Commission regulations, “Telecommunications Relay Services and Related Customer Premises Equipment for Persons with Disabilities,” 47 CFR part 64, Subpart F; (ix) U.S. ATBCB regulations, “Electronic and Information Technology Accessibility Standards,” 36 CFR part 1194; (x) FTA regulations, “Transportation for Elderly and Handicapped Persons,” 49 CFR part 609; (x) FTA Circular 4710.1, “Americans with Disabilities Act: Guidance;” and (xi) Other applicable federal civil rights and nondiscrimination regulations and guidance. Incorporation of FTA Terms – 16.a. (a) Federal Laws, Regulations, Requirements, and Guidance. The Subrecipient agrees: (1) To comply with the requirements of 49 U.S.C. chapter 53 and other applicable federal laws, regulations, and requirements in effect now or later that affect its third party procurements; (2) To comply with the applicable U.S. DOT Common Rules; and (3) To follow the most recent edition and any revisions of FTA Circular 4220.1, “Third Party Contracting Guidance,” to the extent consistent with applicable federal laws, regulations, requirements, and guidance. Energy Conservation – 26.j (a) Energy Conservation. The Subrecipient agrees to, and assures that its Subrecipients, will comply with the mandatory energy standards and policies of its state energy conservation plans under the Energy Policy and Conservation Act, as amended, 42 U.S.C. § 6321 et seq., and perform an energy assessment for any building constructed, reconstructed, or modified with federal assistance required under FTA regulations, “Requirements for Energy Assessments,” 49 CFR part 622, subpart C. Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 76 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 40 of 50 Applicable to Awards exceeding $10,000 Section 11. Right of the Federal Government to Terminate. (a) Justification. After providing written notice to the Subrecipient, the Subrecipient agrees that the Federal Government may suspend, suspend then terminate, or terminate all or any part of the federal assistance for the Award if: (1) The Subrecipient has failed to make reasonable progress implementing the Award; (2) The Federal Government determines that continuing to provide federal assistance to support the Award does not adequately serve the purposes of the law authorizing the Award; or (3) The Subrecipient has violated the terms of the Agreement, especially if that violation would endanger substantial performance of the Agreement. (b) Financial Implications. In general, termination of federal assistance for the Award will not invalidate obligations properly incurred before the termination date to the extent that the obligations cannot be canceled. The Federal Government may recover the federal assistance it has provided for the Award, including the federal assistance for obligations properly incurred before the termination date, if it determines that the Subrecipient has misused its federal assistance by failing to make adequate progress, failing to make appropriate use of the Project property, or failing to comply with the Agreement, and require the Subrecipient to refund the entire amount or a lesser amount, as the Federal Government may determine including obligations properly incurred before the termination date. (c) Expiration of the Period of Performance. Except for a Full Funding Grant Agreement, expiration of any period of performance established for the Award does not, by itself, constitute an expiration or termination of the Award; FTA may extend the period of performance to assure that each Formula Project or related activities and each Project or related activities funded with “no year” funds can receive FTA assistance to the extent FTA deems appropriate. Applicable to Awards exceeding $25,000 From Section 4. Ethics. (a) Debarment and Suspension. The Subrecipient agrees to the following: (1) It will comply with the following requirements of 2 CFR part 180, subpart C, as adopted and supplemented by U.S. DOT regulations at 2 CFR part 1200. (2) It will not enter into any “covered transaction” (as that phrase is defined at 2 CFR §§ 180.220 and 1200.220) with any Third Party Participant that is, or whose principal is, suspended, debarred, or otherwise excluded from participating in covered transactions, except as authorized by- (i) U.S. DOT regulations, “Nonprocurement Suspension and Debarment,” 2 CFR part 1200; (ii) U.S. OMB regulatory guidance, “Guidelines to Agencies on Government-wide Debarment and Suspension (Nonprocurement),” 2 CFR part 180; and (iii) Other applicable federal laws, regulations, or requirements regarding participation with debarred or suspended Subrecipients or Third Party Participants. (3) It will review the U.S. GSA “System for Award Management – Lists of Parties Excluded from Federal Procurement and Nonprocurement Programs,” if required by U.S. DOT regulations, 2 CFR part 1200. (4) It will that its Third Party Agreements contain provisions necessary to flow down these suspension and debarment provisions to all lower tier covered transactions. (5) If the Subrecipient suspends, debars, or takes any similar action against a Third Party Participant or individual, the Subrecipient will provide immediate written notice to the: (i) FTA Regional Counsel for the Region in which the Subrecipient is located or implements the underlying Agreement, (ii) FTA Headquarters Manager that administers the Grant or Cooperative Agreement, or (iii) FTA Chief Counsel. Applicable to Awards exceeding the simplified acquisition threshold ($100,000 -see Note) Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 77 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 41 of 50 Note: Applicable when tangible property or construction will be acquired Section 15. Preference for United States Products and Services. Except as the Federal Government determines otherwise in writing, the Subrecipient agrees to comply with FTA’s U.S. domestic preference requirements and follow federal guidance, including: Buy America. The domestic preference procurement requirements of 49 U.S.C. § 5323(j), and FTA regulations, “Buy America Requirements,” 49 CFR part 661, to the extent consistent with 49 U.S.C. § 5323(j). Section 39. Disputes, Breaches, Defaults, and Litigation. (a) FTA Interest. FTA has a vested interest in the settlement of any violation of federal law, regulation, or disagreement involving the Award, the accompanying underlying Agreement, and any Amendments thereto including, but not limited to, a default, breach, major dispute, or litigation, and FTA reserves the right to concur in any settlement or compromise. (b) Notification to FTA; Flow Down Requirement. If a current or prospective legal matter that may affect the Federal Government emerges, the Subrecipient must promptly notify the FTA Chief Counseland FTA Regional Counsel for the Region in which the Subrecipient is located. The Subrecipient must include a similar notification requirement in its Third Party Agreements and must require each Third Party Participant to include an equivalent provision in its subagreements at every tier, for any agreement that is a “covered transaction” according to 2 C.F.R. §§ 180.220 and 1200.220. (1) The types of legal matters that require notification include, but are not limited to, a major dispute, breach, default, litigation, or naming the Federal Government as a party to litigation or a legal disagreement in any forum for any reason. (2) Matters that may affect the Federal Government include, but are not limited to, the Federal Government’s interests in the Award, the accompanying Underlying Agreement, and any Amendments thereto, or the Federal Government’s administration or enforcement of federal laws, regulations, and requirements. (3) Additional Notice to U.S. DOT Inspector General. The Subrecipient must promptly notify the U.S. DOT Inspector General in addition to the FTA Chief Counsel or Regional Counsel for the Region in which the Subrecipient is located, if the Subrecipient has knowledge of potential fraud, waste, or abuse occurring on a Project receiving assistance from FTA. The notification provision applies if a person has or may have submitted a false claim under the False Claims Act, 31 U.S.C. § 3729, et seq., or has or may have committed a criminal or civil violation of law pertaining to such matters as fraud, conflict of interest, bid rigging, misappropriation or embezzlement, bribery, gratuity, or similar misconduct involving federal assistance. This responsibility occurs whether the Project is subject to this Agreement or another agreement between the Subrecipient and FTA, or an agreement involving a principal, officer, employee, agent, or Third Party Participant of the Subrecipient. It also applies to subcontractors at any tier. Knowledge, as used in this paragraph, includes, but is not limited to, knowledge of a criminal or civil investigation by a Federal, state, or local law enforcement or other investigative agency, a criminal indictment or civil complaint, or probable cause that could support a criminal indictment, or any other credible information in the possession of the Subrecipient. In this paragraph, “promptly” means to refer information without delay and without change. This notification provision applies to all divisions of the Subrecipient, including divisions tasked with law enforcement or investigatory functions. (c) Federal Interest in Recovery. The Federal Government retains the right to a proportionate share of any proceeds recovered from any third party, based on the percentage of the federal share for the Agreement. Notwithstanding the preceding sentence, the Subrecipient may return all liquidated damages it receives to its Award Budget for its Agreement rather than return the federal share of those liquidated damages to the Federal Government, provided that the Subrecipient receives FTA’s prior written concurrence. (d) Enforcement. The Subrecipient must pursue its legal rights and remedies available under any third party agreement, or any federal, state, or local law or regulation. Applicable to Awards exceeding $100,000 by Statute From Section 4. Ethics. a. Lobbying Restrictions. The Subrecipient agrees that neither it nor any Third Party Participant will use federal assistance to influence any officer or employee of a federal agency, member of Congress Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 78 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 42 of 50 or an employee of a member of Congress, or officer or employee of Congress on matters that involve the underlying Agreement, including any extension or modification, according to the following: (1) Laws, Regulations, Requirements, and Guidance. This includes: (i) The Byrd Anti-Lobbying Amendment, 31 U.S.C. § 1352, as amended; (ii) U.S. DOT regulations, “New Restrictions on Lobbying,” 49 CFR part 20, to the extent consistent with 31 U.S.C. § 1352, as amended; and (iii) Other applicable federal laws, regulations, requirements, and guidance prohibiting the use of federal assistance for any activity concerning legislation or appropriations designed to influence the U.S. Congress or a state legislature; and (2) Exception. If permitted by applicable federal law, regulations, requirements, or guidance, such lobbying activities described above may be undertaken through the Subrecipient’s or Subrecipient’s proper official channels. Section 26. Environmental Protections – Clean Air and Clean Water (d) Other Environmental Federal Laws. The Subrecipient agrees to comply or facilitate compliance, and assures that its Third Party Participants will comply or facilitate compliance, with all applicable federal laws, regulations, and requirements, and will follow applicable guidance, including, but not limited to, the Clean Air Act, Clean Water Act, Wild and Scenic Rivers Act of 1968, Coastal Zone Management Act of 1972, the Endangered Species Act of 1973, Magnuson Stevens Fishery Conservation and Management Act, Resource Conservation and Recovery Act, Comprehensive Environmental Response, Compensation, and Liability Act, Executive Order No. 11990 relating to “Protection of Wetlands,” and Executive Order No. 11988, as amended, “Floodplain Management.” Applicable with the Transfer of Property or Persons Section 15. Preference for United States Products and Services. Except as the Federal Government determines otherwise in writing, the Subrecipient agrees to comply with FTA’s U.S. domestic preference requirements and follow federal guidance, including: (a) Buy America. The domestic preference procurement requirements of 49 U.S.C. § 5323(j), and FTA regulations, “Buy America Requirements,” 49 CFR part 661, to the extent consistent with 49 U.S.C. § 5323(j); (c) Cargo Preference. Preference – Use of United States-Flag Vessels. The shipping requirements of 46 U.S.C. § 55305, and U.S. Maritime Administration regulations, “Cargo Preference – U.S.-Flag Vessels,” 46 CFR part 381; and (d) Fly America. The air transportation requirements of Section 5 of the International Air Transportation Fair Competitive Practices Act of 1974, as amended, 49 U.S.C. § 40118, and U.S. General Services Administration (U.S. GSA) regulations, “Use of United States Flag Air Carriers,” 41 CFR §§ 301-10.131 – 301-10.143. Applicable to Construction Activities Section 24. Employee Protections. a. Awards Involving Construction. The Subrecipient agrees to comply and assures that each Third Party Participant will comply with all federal laws, regulations, and requirements providing protections for construction employees involved in each Project or related activities with federal assistance provided through the underlying Agreement, including the: (1) Prevailing Wage Requirements of: (i) Federal transit laws, specifically 49 U.S.C. § 5333(a), (FTA’s “Davis-Bacon Related Act”); (ii) The Davis-Bacon Act, 40 U.S.C. §§ 3141 – 3144, 3146, and 3147; and (iii) U.S. DOL regulations, “Labor Standards Provisions Applicable to Contracts Covering Federally Financed and Assisted Construction (also Labor Standards Provisions Applicable to Nonconstruction Contracts Subject to the Contract Work Hours and Safety St andards Act),” 29 CFR part 5. (2) Wage and Hour Requirements of: (i) Section 102 of the Contract Work Hours and Safety Standards Act, as amended, 40 U.S.C. § 3702, and other relevant parts of that Act, 40 U.S.C. § 3701 et seq.; and (ii) U.S. DOL regulations, “Labor Standards Provisions Applicable to Contracts Covering Federally Financed and Assisted Construction (also Labor Standards Provisions Applicable to Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 79 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 43 of 50 Nonconstruction Contracts Subject to the Contract Work Hours and Safety Standards Act),” 29 CFR part 5. (3) “Anti-Kickback” Prohibitions of: (i) Section 1 of the Copeland “Anti-Kickback” Act, as amended, 18 U.S.C. § 874; (ii) Section 2 of the Copeland “Anti-Kickback” Act, as amended, 40 U.S.C. § 3145; and (iii) U.S. DOL regulations, “Contractors and Subcontractors on Public Building or Public Work Financed in Whole or in Part by Loans or Grants from the United States,” 29 CFR part 3. (4) Construction Site Safety of: (i) Section 107 of the Contract Work Hours and Safety Standards Act, as amended, 40 U.S.C. § 3704, and other relevant parts of that Act, 40 U.S.C. § 3701 et seq.; and (ii) U.S. DOL regulations, “Recording and Reporting Occupational Injuries and Illnesses,” 29 CFR part 1904; “Occupational Safety and Health Standards,” 29 CFR part 1910; and “Safety and Health Regulations for Construction,” 29 CFR part 1926. From Section 16 (n) Bonding. The Subrecipient agrees to comply with the following bonding requirements and restrictions as provided in federal regulations and guidance: (1) Construction. As provided in federal regulations and modified by FTA guidance, for each Project or related activities implementing the Agreement that involve construction, it will provide bid guarantee bonds, contract performance bonds, and payment bonds. (2) Activities Not Involving Construction. For each Project or related activities implementing the Agreement not involving construction, the Subrecipient will not impose excessive bonding and will follow FTA guidance. From Section 23 (b) Seismic Safety. The Subrecipient agrees to comply with the Earthquake Hazards Reduction Act of 1977, as amended, 42 U.S.C. § 7701 et seq., and U.S. DOT regulations, “Seismic Safety,” 49 CFR part 41, specifically, 49 CFR § 41.117. Section 12 Civil Rights D(3) Equal Employment Opportunity Requirements for Construction Activities. Comply, when undertaking “construction” as recognized by the U.S. Department of Labor (U.S. DOL), with: (i.) U.S. DOL regulations, “Office of Federal Contract Compliance Programs, Equal Employment Opportunity, Department of Labor,” 41 CFR chapter 60, and (ii) Executive Order No. 11246, “Equal Employment Opportunity in Federal Employment,” September 24, 1965, 42 U.S.C. § 2000e note (30 Fed. Reg. 12319, 12935), as amended by any later Executive Order that amends or supersedes it, referenced in 42 U.S.C. § 2000e note. Applicable to Nonconstruction Activities From Section 24. Employee Protections (b) Awards Not Involving Construction. The Subrecipient agrees to comply and assures that each Third Party Participant will comply with all federal laws, regulations, and requirements providing wage and hour protections for nonconstruction employees, including Section 102 of the Contract Work Hours and Safety Standards Act, as amended, 40 U.S.C. § 3702, and other relevant parts of that Act, 40 U.S.C. § 3701 et seq., and U.S. DOL regulations, “Labor Standards Provisions Applicable to Contracts Covering Federally Financed and Assisted Construction (also Labor Standards Provisions Applicable to Nonconstruction Contracts Subject to the Contract Work Hours and Safety Standards Act),” 29 CFR part 5. Applicable to Transit Operations a. Public Transportation Employee Protective Arrangements. As a condition of award of federal assistance appropriated or made available for FTA programs involving public transportation operations, the Subrecipient agrees to comply and assures that each Third Party Participant will comply with the following employee protective arrangements of 49 U.S.C. § 5333(b): (1) U.S. DOL Certification. When its Awarded, the accompanying Agreement, or any Amendments thereto involve public transportation operations and are supported with federal assistance appropriated or made available for 49 U.S.C. §§ 5307 – 5312, 5316, 5318, 5323(a)(1), 5323(b), Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 80 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 44 of 50 5323(d), 5328, 5337, 5338(b), or 5339, or former 49 U.S.C. §§ 5308, 5309, 5312, or other provisions of law as required by the Federal Government, U.S. DOL must provide a certification of employee protective arrangements before FTA may provide federal assistance for that Award. The Subrecipient agrees that the certification issued by U.S. DOL is a condition of the underlying Agreement and that the Subrecipient must comply with its terms and conditions. (2) Special Warranty. When its Agreement involves public transportation operations and is supported with federal assistance appropriated or made available for 49 U.S.C. § 5311, U.S. DOL will provide a Special Warranty for its Award, including its Award of federal assistance under the Tribal Transit Program. The Subrecipient agrees that its U.S. DOL Special Warranty is a condition of the underlying Agreement and the Subrecipient must comply with its terms and conditions. (3) Special Arrangements for Agreements for Federal Assistance Authorized under 49 U.S.C. § 5310. The Subrecipient agrees, and assures that any Third Party Participant providing public transportation operations will agree, that although pursuant to 49 U.S.C. § 5310, and former 49 U.S.C. §§ 5310 or 5317, FTA has determined that it was not “necessary or appropriate” to apply the conditions of 49 U.S.C. § 5333(b) to any Subagreement participating in the program to provide public transportation for seniors (elderly individuals) and individuals with disabilities, FTA reserves the right to make case-by- case determinations of the applicability of 49 U.S.C. § 5333(b) for all transfers of funding authorized under title 23, United States Code (flex funds), and make other exceptions as it deems appropriate. Section 28. Charter Service. (a) Prohibitions. The Recipient agrees that neither it nor any Third Party Participant involved in the Award will engage in charter service, except as permitted under federal transit laws, specifically 49 U.S.C. § 5323(d), (g), and (r), FTA regulations, “Charter Service,” 49 CFR part 604, any other Federal Charter Service regulations, federal requirements, or federal guidance. (b) Exceptions. Apart from exceptions to the Charter Service restrictions in FTA’s Charter Service regulations, FTA has established the following additional exceptions to those restrictions: (1) FTA’s Charter Service restrictions do not apply to equipment or facilities supported with federal assistance appropriated or made available for 49 U.S.C. § 5307 to support a Job Access and Reverse Commute (JARC)-type Project or related activities that would have been eligible for assistance under repealed 49 U.S.C. § 5316 in effect in Fiscal Year 2012 or a previous fiscal year, provided that the Subrecipient uses that federal assistance for FTA program purposes only, and (2) FTA’s Charter Service restrictions do not apply to equipment or facilities supported with the federal assistance appropriated or made available for 49 U.S.C. § 5310 to support a New Freedom- type Project or related activities that would have been eligible for federal assistance under repealed 49 U.S.C. § 5317 in effect in Fiscal Year 2012 or a previous fiscal year, provided the Subrecipient uses that federal assistance for program purposes only. (c) Violations. If it or any Third Party Participant engages in a pattern of violations of FTA’s Charter Service regulations, FTA may require corrective measures and remedies, including withholding an amount of federal assistance as provided in FTA’s Charter Service regulations, 49 CFR part 604, appendix D, or barring it or the Third Party Participant from receiving federal assistance provided in 49 U.S.C. chapter 53, 23 U.S.C. § 133, or 23 U.S.C. § 142. Section 29. School Bus Operations. (a) Prohibitions. The Subrecipient agrees that neither it nor any Third Party Participant that is participating in its Award will engage in school bus operations exclusively for the transportation of students or school personnel in competition with private school bus operators, except as permitted by federal transit laws, 49 U.S.C. § 5323(f) or (g), FTA regulations, “School Bus Operations,” 49 CFR part 605, and any other applicable federal “School Bus Operations” laws, regulations, federal requirements, or applicable federal guidance. (b) Violations. If a Subrecipient or any Third Party Participant has operated school bus service in violation of FTA’s School Bus laws, regulations, or requirements, FTA may require the Subrecipient or Third Party Participant to take such remedial measures as FTA considers appropriate, or bar the Subrecipient or Third Party Participant from receiving federal transit assistance. From Section 35 Substance Abuse c. Alcohol Misuse and Prohibited Drug Use. (1) Requirements. The Subrecipient agrees to comply and assures that its Third Party Participants will comply with: Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 81 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 45 of 50 (i) Federal transit laws, specifically 49 U.S.C. § 5331; (ii) FTA regulations, “Prevention of Alcohol Misuse and Prohibited Drug Use in Transit Operations,” 49 CFR part 655; and (iii) Applicable provisions of U.S. DOT regulations, “Procedures for Transportation Workplace Drug and Alcohol Testing Programs,” 49 CFR part 40. (2) Remedies for Non-Compliance. The Subrecipient agrees that if FTA determines that the Subrecipient or a Third Party Participant receiving federal assistance under 49 U.S.C. chapter 53 is not in compliance with 49 CFR part 655, the Federal Transit Administrator may bar that Subrecipient or Third Party Participant from receiving all or a portion of the federal transit assistance for public transportation it would otherwise receive. Applicable to Planning, Research, Development, and Documentation Projects Section 17. Patent Rights. a. General. The Subrecipient agrees that: (1) Depending on the nature of the Agreement, the Federal Government may acquire patent rights when the Subrecipient or Third Party Participant produces a patented or patentable invention, improvement, or discovery; (2) The Federal Government’s rights arise when the patent or patentable information is conceived or reduced to practice with federal assistance provided through the underlying Agreement; or (3) When a patent is issued or patented information becomes available as described in the preceding section 17(a)(2) of this Master Agreement, the Subrecipient will notify FTA immediately and provide a detailed report satisfactory to FTA. b. Federal Rights. The Subrecipient agrees that: (1) Its rights and responsibilities, and each Third Party Participant’s rights and responsibilities, in that federally assisted invention, improvement, or discovery will be determined as provided in applicable federal laws, regulations, requirements, and guidance, including any waiver thereof, and (2) Unless the Federal Government determines otherwise in writing, irrespective of its status or the status of any Third Party Participant as a large business, small business, state government, state instrumentality, local government, Indian tribe, nonprofit organization, institution of higher education, or individual, the Subrecipient will transmit the Federal Government’s patent rights to FTA, as specified in 35 U.S.C. § 200 et seq., and U.S. Department of Commerce regulations, “Rights to Inventions Made by Nonprofit Organizations and Small Business Firms Under Government Grants, Contracts and Cooperative Agreements,” 37 CFR part 401. c. License Fees and Royalties. Consistent with the applicable U.S. DOT Common Rules, the Subrecipient agrees that license fees and royalties for patents, patent applications, and inventions produced with federal assistance provided through the Agreement are program income and must be used in compliance with applicable federal requirements. Section 18. Rights in Data and Copyrights. (a) Definition of “Subject Data.” As used in this section, “subject data” means recorded information whether or not copyrighted, and that is delivered or specified to be delivered as required by the Agreement. Examples of “subject data” include, but are not limited to computer software, standards, specifications, engineering drawings and associated lists, process sheets, manuals, technical reports, catalog item identifications, and related information, but do not include financial reports, cost analyses, or other similar information used for performance or administration of the underlying Agreement. (b) General Federal Restrictions. The following restrictions apply to all subject data first produced in the performance of the Agreement: (1) Prohibitions. The Subrecipient may not publish or reproduce any subject data, in whole, in part, or in any manner or form, or permit others to do so. (2) Exceptions. The prohibitions do not apply to publications or reproductions for the Subrecipient’s own internal use, an institution of higher learning, the portion of subject data that the Federal Government has previously released or approved for release to the public, or the portion of data that has the Federal Government’s prior written consent for release. (c) Federal Rights in Data and Copyrights. The Subrecipient agrees that: (1) General. It must provide a license to its “subject data” to the Federal Government that is royalty- free, non-exclusive, and irrevocable. The Federal Government’s license must permit the Federal Government to reproduce, publish, or otherwise use the subject data or permit other entities or Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 82 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 46 of 50 individuals to use the subject data provided those actions are taken for Federal Government purposes, and (2) U.S. DOT Public Access Plan – Copyright License. The Subrecipient grants to U.S. DOT a worldwide, non-exclusive, non-transferable, paid-up, royalty-free copyright license, including all rights under copyright, to any and all Publications and Digital Data Sets as such terms are defined in the U.S. DOT Public Access plan, resulting from scientific research funded either fully or partially by this funding agreement. The Subrecipient herein acknowledges that the above copyright license grant is first in time to any and all other grants of a copyright license to s uch Publications and/or Digital Data Sets, and that U.S. DOT shall have priority over any other claim of exclusive copyright to the same. (d) Special Federal Rights in Data for Research, Development, Demonstration, Deployment, Technical Assistance, and Special Studies Programs. In general, FTA’s purpose in providing federal assistance for a research, development, demonstration, deployment, technical assistance, or special studies program is to increase transportation knowledge, rather than limit the benefits of the Award to the Subrecipient and its Third Party Participants. Therefore, the Subrecipient agrees that: (1) Publicly Available Report. When an Award providing federal assistance for any of the programs described above is completed, it must provide a report of the Agreement that FTA may publish or make available for publication on the Internet. (2) Other Reports. It must provide other reports related to the Award that FTA may request. (3) Availability of Subject Data. FTA may make available its copyright license to the subject data, and a copy of the subject data to any FTA Recipient or any Third Party Participant at any tier, except as the Federal Government determines otherwise in writing. (4) Identification of Information. It must identify clearly any specific confidential, privileged, or proprietary information submitted to FTA. (5) Incomplete. If the Award is not completed for any reason whatsoever, all data developed with federal assistance for the Award becomes “subject data” and must be delivered as the Federal Government may direct. (6) Exception. This section does not apply to an adaptation of any automatic data processing equipment or program that is both for the Subrecipient’s use and acquired with FTA capital program assistance. (e) License Fees and Royalties. Consistent with the applicable U.S. DOT Common Rules, the Subrecipient agrees that license fees and royalties for patents, patent applications, and inventions produced with federal assistance provided through the Agreement are program income and must be used in compliance with federal applicable requirements. (f) Hold Harmless. Upon request by the Federal Government, the Subrecipient agrees that if it intentionally violates any proprietary rights, copyrights, or right of privacy, and if its violation under the preceding section occurs from any of the publication, translation, reproduction, delivery, use or disposition of subject data, then it will indemnify, save, and hold harmless against any liability, including costs and expenses of the Federal Government’s officers, employees, and agents acting within the scope of their official duties. The Subrecipient will not be required to indemnify the Federal Government for any liability described in the preceding sentence, if the violation is caused by the wrongful acts of federal officers, employees or agents, or if i ndemnification is prohibited or limited by applicable state law. (g) Restrictions on Access to Patent Rights. Nothing in this section of this Master Agreement (FTA MA(23)) pertaining to rights in data either implies a license to the Federal Government under any patent, or may be construed to affect the scope of any license or other right otherwise granted to the Federal Government under any patent. (h) Data Developed Without Federal Assistance or Support. The Subrecipient agrees that in certain circumstances it may need to provide to FTA data developed without any federal assistance or support. Nevertheless, this section generally does not apply to data developed without federal assistance, even though that data may have been used in connection with the Award. The Subrecipient agrees that the Federal Government will not be able to protect data developed without federal assistance from unauthorized disclosure unless that data is clearly marked “Proprietary,” or “Confidential.” (i) Requirements to Release Data. The Subrecipient understands and agrees that the Federal Government may be required to release data and information the Subrecipient submits to the Federal Government as required under: (1). The Freedom of Information Act (FOIA), 5 U.S.C. § 552, (2) The U.S. DOT Common Rules, Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 83 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 47 of 50 (3) U.S. DOT Public Access Plan, which provides that the Subrecipient agrees to satisfy the reporting and compliance requirements as set forth in the U.S. DOT Public Access plan, including, but not limited to, the submission and approval of a Data Management Plan, the use of Open Researcher and Contributor ID (ORCID) numbers, the creation and maintenance of a Research Project record in the Transportation Research Board’s (TRB) Research in Progress (RiP) database, and the timely and complete submission of all required publications and associated digital data sets as such terms are defined in the DOT Public Access plan. Additional information about how to comply with the requirements can be found at: http://ntl.bts.gov/publicaccess/howtocomply.html, or (4) Other federal laws, regulations, requirements, and guidance concerning access to records pertaining to the Award, the accompanying Agreement, and any Amendments thereto. Miscellaneous Special Requirements From Section 12. Civil Rights. (e) Disadvantaged Business Enterprise. To the extent authorized by applicable federal laws, regulations, or requirements, the Subrecipient agrees to facilitate, and assures that each Third Party Participant will facilitate, participation by small business concerns owned and controlled by soci ally and economically disadvantaged individuals, also referred to as “Disadvantaged Business Enterprises” (DBEs), in the Agreement as follows: (1) Statutory and Regulatory Requirements. The Subrecipient agrees to comply with: (i) Section 11101(e) of IIJA; (ii) U.S. DOT regulations, “Participation by Disadvantaged Business Enterprises in Department of Transportation Financial Assistance Programs,” 49 CFR part 26; and (iii) Federal transit law, specifically 49 U.S.C. § 5332, as provided in section 12 of this Master Agreement. (2) DBE Program Requirements. A Subrecipient that receives planning, capital and/or operating assistance and that will award prime third party contracts exceeding $250,000 the requirements of 49 CFR part 26. (3) Special Requirements for a Transit Vehicle Manufacturer (TVM). The Subrecipient agrees that: (i) TVM Certification. Each TVM, as a condition of being authorized to bid or propose on FTA- assisted transit vehicle procurements, must certify that it has complied with the requirements of 49 CFR part 26; and (ii) Reporting TVM Awards. Within 30 days of any third party contract award for a vehicle purchase, the Subrecipient must submit to FTA the name of the TVM contractor and the total dollar value of the third party contract, and notify FTA that this information has been attached to FTA’s electronic award management system. The Subrecipient must also submit additional notifications if options are exercised in subsequent years to ensure that the TVM is still in good standing. (4) Assurance. As required by 49 CFR § 26.13(a): (i) Recipient Assurance. The Subrecipient agrees and assures that: (A) It must not discriminate on the basis of race, color, national origin, or sex in the award and performance of any FTA or U.S. DOT-assisted contract, or in the administration of its DBE program or the requirements of 49 CFR part 26; (B) It must take all necessary and reasonable steps under 49 CFR part 26 to ensure nondiscrimination in the award and administration of U.S. DOT-assisted contracts; (C) Its DBE program, as required under 49 CFR part 26 and as approved by U.S. DOT, is incorporated by reference and made part of the Underlying Agreement; and (D) Implementation of its DBE program approved by U.S. DOT is a legal obligation and failure to carry out its terms shall be treated as a violation of this Master Agreement. (ii) Subrecipient/Third Party Contractor/Third Party Subcontractor Assurance. The Subrecipient agrees and assures that it will include the following assurance in each subagreement and third party contract it signs with a Subrecipient or Third Party Contractor and agrees to obtain the agreement of each of its Subrecipients, Third Party Contractors, and Third Party Subcontractors to include the following assurance in every subagreement and third party contract it signs: (A) The Subrecipient, each Third Party Contractor, and each Third Party Subcontractor must not discriminate on the basis of race, color, national origin, or sex in the award and performance of any FTA or U.S. DOT-assisted subagreement, third party contract, and third party subcontract, as applicable, and the administration of its DBE program or the requirements of 49 CFR part 26; Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 84 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 48 of 50 (B) The Subrecipient, each Third Party Contractor, and each Third Party Subcontractor must take all necessary and reasonable steps under 49 CFR part 26 to ensure nondiscrimination in the award and administration of U.S. DOT-assisted subagreements, third party contracts, and third party subcontracts, as applicable; (C) Failure by the Subrecipient and any of its Third Party Contractors or Third Party Subcontractors to carry out the requirements of subparagraph 12.e(4)(b) (of FTA MA(23)) is a material breach of their subagreement, third party contract, or third party subcontract, as applicable; and (D) The following remedies, or such other remedy as the Subrecipient deems appropriate, include, but are not limited to, withholding monthly progress payments; assessing sanctions; liquidated damages; and/or disqualifying the Subrecipient, Third Party Contractor, or Third Party Subcontractor from future bidding as non-responsible. (5) Remedies. Upon notification to the Subrecipient of its failure to carry out its approved program, FTA or U.S. DOT may impose sanctions as provided for under 49 CFR part 26, and, in appropriate cases, refer the matter for enforcement under either or both 18 U.S.C. § 1001, and/or the Program Fraud Civil Remedies Act of 1986, 31 U.S.C. § 3801 et seq. From Section 12. Civil Rights. (h) Nondiscrimination on the Basis of Disability. The Subrecipient agrees to comply with the following federal prohibitions against discrimination on the basis of disability: (1) Federal laws, including: (i) Section 504 of the Rehabilitation Act of 1973, as amended, 29 U.S.C. § 794, which prohibits discrimination on the basis of disability in the administration of federally assisted Programs, Projects, or activities; (ii) The Americans with Disabilities Act of 1990 (ADA), as amended, 42 U.S.C. § 12101 et seq., which requires that accessible facilities and services be made available to individuals with disabilities: (A) For FTA Recipients generally, Titles I, II, and III of the ADA apply,;but (B) For Indian Tribes, Titles II and III of the ADA apply, but Title I of the ADA does not apply because it exempts Indian Tribes from the definition of “employer;” (iii) The Architectural Barriers Act of 1968, as amended, 42 U.S.C. § 4151 et seq., which requires that buildings and public accommodations be accessible to individuals with disabilities; (iv) Federal transit law, specifically 49 U.S.C. § 5332, which now includes disability as a prohibited basis for discrimination; and (v) Other applicable federal laws, regulations, and requirements pertaining to access for seniors or individuals with disabilities. (2) Federal regulations and guidance, including: (i) U.S. DOT regulations, “Transportation Services for Individuals with Disabilities (ADA),” 49 CFR part 37; (ii) U.S. DOT regulations, “Nondiscrimination on the Basis of Disability in Programs and Activities Receiving or Benefiting from Federal Financial Assistance,” 49 CFR part 27; (iii) Joint U.S. Architectural and Transportation Barriers Compliance Board (U.S. ATBCB) and U.S. DOT regulations, “Americans With Disabilities (ADA) Accessibility Specifications for Transportation Vehicles,” 36 CFR part 1192 and 49 CFR part 38; (iv) U.S. DOT regulations, “Transportation for Individuals with Disabilities: Passenger Vessels,” 49 CFR part 39; (v) U.S. DOJ regulations, “Nondiscrimination on the Basis of Disability in State and Local Government Services,” 28 CFR part 35; (vi) U.S. DOJ regulations, “Nondiscrimination on the Basis of Disability by Public Accommodations and in Commercial Facilities,” 28 CFR part 36; (vii)U.S. EEOC, “Regulations to Implement the Equal Employment Provisions of the Americans with Disabilities Act,” 29 CFR part 1630; (viii) U.S. Federal Communications Commission regulations, “Telecommunications Relay Services and Related Customer Premises Equipment for Persons with Disabilities,” 47 CFR part 64, Subpart F; (ix) U.S. ATBCB regulations, “Electronic and Information Technology Accessibility Standards,” 36 CFR part 1194; (x) FTA regulations, “Transportation for Elderly and Handicapped Persons,” 49 CFR part 609, Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 85 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 49 of 50 (xi) FTA Circular 4710.1, “Americans with Disabilities Act: Guidance;” and (xii) Other applicable federal civil rights and nondiscrimination regulations and guidance. Section 16. Procurement. (a) Federal Laws, Regulations, Requirements, and Guidance. The Subrecipient agrees: (1) To comply with the requirements of 49 U.S.C. chapter 53 and other applicable federal laws, regulations, and requirements in effect now or later that affect its third party procurements; (2) To comply with the applicable U.S. DOT Common Rules; and (3) To follow the most recent edition and any revisions of FTA Circular 4220.1, “Third Party Contracting Guidance,” to the extent consistent with applicable federal laws, regulations, requirements, and guidance. State Requirements Section 37. Special Notification Requirements for States. (a) Types of Information. To the extent required under federal law, the State, agrees to provide the following information about federal assistance awarded for its State Program, Project, or related activities: (1) The Identification of FTA as the federal agency providing the federal assistance for a State Program or Project; (2) The Catalog of Federal Domestic Assistance Number of the program from which the federal assistance for a State Program or Project is authorized; and (3) The amount of federal assistance FTA has provided for a State Program or Project. (b) Documents. The State agrees to provide the information required under this provision in the following documents: (1) applications for federal assistance, (2) requests for proposals, or solicitations, (3) forms, (4) notifications, (5) press releases, and (6) other publications. Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 86 Contract Number: 26-HTR-ZL-00158 / PO: 491004157 Page 50 of 50 EXHIBIT E, VERIFICATION OF PAYMENT This checklist is to assist the Subrecipient in preparation of its billing packets to State. This checklist is provided as guidance and is subject to change by State. State shall provide notice of any such changes to Subrecipient. All items may not apply t o your particular entity. State’s goal is to reimburse Subrecipients as quickly as possible and a well organized and complete billing packet helps to expedite payment. Verification of Payment – ✓ General Ledger Report must have the following:  Identify check number or EFT number;  If no check number is available, submit Accounts Payable Distribution report with the General Ledger;  In-Kind (must be pre-approved by State) and/or cash match;  Date of the report;  Accounting period;  Current period transactions; and  Account coding for all incurred expenditures. ✓ If no General Ledger Report, all of the following are acceptable:  copies of checks;  check registers; and  paycheck stub showing payment number, the amount paid, the check number or electronic funds transfer (EFT), and the date paid. ✓ State needs to ensure that expenditures incurred by the local agencies have been paid by Party before State is invoiced by Party. ✓ Payment amounts should match the amount requested on the reimbursement. Additional explanation and documentation is required for any variances. In-Kind or Cash Match – If an entity wishes to use these types of match, they must be approved by State prior to any Work taking place. ✓ If in-kind or cash match is being used for the Local Match, the in -kind or cash match portion of the project must be included in the project application and the statement of work attached to the Agreement or purchase order. FTA does not require pre-approval of in-kind or cash match, but State does. ✓ General ledger must also show the in-kind and/or cash match. Indirect costs – If an entity wishes to use indirect costs, the rate must be approved by State prior to applying it to the reimbursements. ✓ If indirect costs are being requested, an approved indirect letter from State or your cognizant agency for indirect costs, as defined in 2 CCR §200. 19, must be provided. The letter must state what indirect costs are allowed, the approved rate and the time period for the approval. The indirect cost plan must be reconciled annually and an updated letter submitted each year thereafter. Fringe Benefits- Considered part of the Indirect Cost Rate and must be reviewed and approved prior to including these costs in the reimbursements. ✓ Submit an approval letter from the cognizant agency for indirect costs, as defined in 2 CCR §200. 19, that verifies fringe benefit, or ✓ Submit the following fringe benefit rate proposal package to State Audit Division:  Copy of Financial Statement;  Personnel Cost Worksheet;  State of Employee Benefits; and  Cost Policy Statement. Docusign Envelope ID: EEB58EBA-9FE4-4DD7-A0F3-6BBF25181AA8 87 AGENDA ITEM NO. 6.5 Item Cover Page DATE:April 7, 2026 SUBMITTED BY:Chad Salli, Public Works ITEM TYPE:Consent Agenda AGENDA SECTION:Consent Agenda (6:15pm) SUBJECT:Resolution No. 12, Series of 2026, A Resolution Approving a Revocable License Agreement between the Town of Vail and the United States Geological Survey Regarding Installation of a Stream Gage at Bighorn SUGGESTED ACTION:Approve, approve with amendments, or deny Resolution No. 12, Series of 2026. PRESENTER(S):Chad Salli VAIL TOWN COUNCIL AGENDA ITEM REPORT ATTACHMENTS: Council Memo4-7-26.docx Resolution 12, 2026.pdf 88 To: Town Council From: Public Works Date: 04-07-2026 Subject: USGS IGA For Stream Gage Installation I. BACKGROUND The United States Geological Survey (USGS) has requested to install and maintain a stream gage monitoring station in Gore Creek at the upper end of Bighorn Park. The proposed location is just upstream from the private pedestrian bridge across Gore Creek to the Gore Creek Meadows condominiums. The stream gage is to be in place for a 10 year period. The USGS will install and remove the stream gage and restore all disturbed areas. The monitoring station shelter will have a QR code to allow anyone to see the monitoring results. Staff has meet with members of the USGS and have agreed to the proposed location. II. STAFF RECOMMENDATION Approve, approve with amendments, or deny Resolution No. 12, Series of 2026. 89 RESOLUTION NO. 16 Series of 2026 A RESOLUTION APPROVING AN INTERGOVERNMENTAL AGREEMENT BETWEEN THE TOWN OF VAIL, COLORADO AND THE UNITED STATES GEOLOGICAL SURVEY REGARDING INSTALLATION OF A STREAM GAGE AT BIGHORN PARK; AND SETTING FORTH DETAILS IN REGARD THERETO. WHEREAS, the Town of Vail (the “Town”), in the County of Eagle and State of Colorado is a home rule municipal corporation duly organized and existing under the laws of the State of Colorado and the Town Charter (the “Charter”); and WHEREAS, the members of the Town Council of the Town (the “Council”) have been duly elected and qualified; and WHEREAS, the Town and the United States Geological Survey (“USGS”) wish to enter into an Intergovernmental Agreement (“IGA”) for the construction of a installation and maintenance of a stream gage monitoring station in Gore Creek at Bighorn Park; and NOW THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO THAT: Section 1. The Council hereby approves and authorizes the Town Manager to enter into the IGA with USGS, in substantially the same form as attached hereto as Exhibit A and in a form approved by the Town Attorney, for the installation and maintenance of a stream gage located at Bighorn Park. Section 2. This Resolution shall take effect immediately upon its passage. INTRODUCED, PASSED AND ADOPTED at a regular meeting of the Town council of the Town of Vail held this 7th day of April, 2026. Barry Davis Town Mayor ATTEST: Stephanie Kauffman Town Clerk 90 04/02/26 HTTPS://VAILCOGOV-MY.SHAREPOINT.COM/PERSONAL/CSALLI_VAIL_GOV/DOCUMENTS/DESKTOP/REVOCABLE LICENSE TEMPLATE.DOC REVOCABLE LICENSE AGREEMENT THIS REVOCABLE LICENSE AGREEMENT (the "Agreement") is made this ____ day of _____________, 2026, by and between the Town of Vail, COLORADO, a Colorado home rule municipality with a legal address of 75 South Frontage Road, Vail, Colorado 81657 (the "Town"), and _________________, a ______________ with a legal address of __________________________ ("Licensee"). For and in consideration of the sum of ten dollars ($10.00) paid by the Licensee to the Town, the covenants herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: SECTION 1. LICENSE Licensee desires to obtain a License to occupy and use the property more particularly described and depicted in Exhibit A, attached hereto and incorporated herein by this reference (the "Property"). Subject to all the terms and conditions hereto, the Town hereby grants to Licensee a license to occupy and use the Property for the purpose set forth in Section 2 hereof. SECTION 2. PURPOSE The Property may be used and occupied by the Licensee for the purpose of constructing and maintaining a USGS Gagin Station over and on the Property. SECTION 3. TERMINATION Either party may terminate this Agreement by giving written notice to the other party specifying the date of termination, such notice to be given not less than thirty (30) days prior to the date specified therein. Upon termination, Licensee shall return the Property to its original condition at Licensee's own expense. SECTION 4. MAINTENANCE Licensee shall, at its own expense, keep and maintain in good repair any fixtures or structures constructed, placed, operated or maintained on the Property and, within thirty (30) days of termination of this Agreement, shall remove such fixtures. SECTION 5. DAMAGE TO PROPERTY Licensee shall be responsible for all damage to the Property arising out of or resulting from the use of the Property by the Licensee, its agents, employees, visitors, patrons and invitees. The Town shall notify Licensee immediately upon discovery of any damage to the Property. Licensee shall correct and repair the damage within one (1) week of notification or knowledge of the damage unless otherwise directed by the Town. 91 04/02/26 HTTPS://VAILCOGOV-MY.SHAREPOINT.COM/PERSONAL/CSALLI_VAIL_GOV/DOCUMENTS/DESKTOP/REVOCABLE LICENSE TEMPLATE.DOC 2 SECTION 6. INDEMNIFICATION Licensee shall indemnify, hold harmless and defend the Town and its representatives, officers, employees, agents, and contractors from and against all liabilities, penalties, costs, losses, damages, expenses, causes of action, claims, demands, or judgments, including, without limitation, reasonable attorney fees, arising from or in any way connected with injury to or the death of any person or physical damage to any property resulting from any act, omission, condition, or other matter related to or occurring on or about the Property under this Agreement. Licensee agrees to investigate, handle, respond to, and to provide defense for and defend against any such liability, claims or demands at his sole expense, or, at the option of the Town, agrees to pay the Town or reimburse the Town for the defense costs incurred by the Town in connection with any such liability, claims or demands. Licensee also agrees to bear all other costs and expenses related thereto, including court costs and attorney fees, whether or not any such liability, claims or demands alleged are groundless, false or fraudulent. SECTION 7. INSURANCE Licensee agrees to self insure in accordance with the Federal Tort Claims Act (FTCA) (28 U.S.C. §§ 1346 and 2671-2680). A statement of self insurance provided to the Town within thirty (30) days of execution of this Agreement, and annually thereafter. The failure to provide the statement of self Insurance shall be grounds for immediate termination of this Agreement and revocation of the license granted herein. SECTION 8. NOTICES Any notice given pursuant to this Agreement by either party to the other shall be in writing and mailed by certified mail, return receipt requested, postage prepaid, and addressed as follows: To the Town: Town of Vail 75 S. Frontage Road Vail, CO 81657 To Licensee: SECTION 9. MISCELLANEOUS A. Agreement Binding. This Agreement shall inure to the benefit of and be binding upon the heirs, successors and assigns of the parties hereto, subject to any other conditions and covenants contained herein. B. Applicable Law and Venue. The laws of the State of Colorado and applicable federal, state and local laws, rules, regulations and guidelines shall govern this Agreement, and the venue for any legal proceeding arising out of this Agreement shall be Eagle County, Colorado. 92 04/02/26 HTTPS://VAILCOGOV-MY.SHAREPOINT.COM/PERSONAL/CSALLI_VAIL_GOV/DOCUMENTS/DESKTOP/REVOCABLE LICENSE TEMPLATE.DOC 3 C. Amendment. This Agreement may not be amended except in writing by mutual agreement of the parties, nor may rights be waived except by an instrument in writing signed by the party charged with such waiver. D. Headings. The headings of the sections of this Agreement are inserted for reference purposes only and are not restrictive as to content. E. Assignment. Licensee may not assign or transfer this Agreement, except upon the express written authorization of the Town. F. No Third-Party Beneficiaries. Except as expressly provided herein, there are no intended third-party beneficiaries to this Agreement. G. Severability. If any provision of this Agreement is found by a court of competent jurisdiction to be unlawful or unenforceable for any reason, the remaining provisions hereof shall remain in full force and effect. H. Governmental Immunity. Nothing herein shall be construed as a waiver of any protections or immunities the City may have under the Colorado Governmental Immunity Act, C.R.S. § 24-10-101, et seq., as amended. I. Integration. The foregoing constitutes the entire agreement between the parties and no additional or different oral representation, promise, or agreement shall be binding on any of the parties hereto with respect to the subject matter of this Agreement. IN WITNESS WHEREOF, the parties have duly executed this Agreement effective the day and year first above written. TOWN OF VAIL By: ____________________________________ Russell Forrest, Town Manager ATTEST: ________________________________ Stephanie Kauffman, Town Clerk 93 04/02/26 HTTPS://VAILCOGOV-MY.SHAREPOINT.COM/PERSONAL/CSALLI_VAIL_GOV/DOCUMENTS/DESKTOP/REVOCABLE LICENSE TEMPLATE.DOC 4 LICENSEE: ________________________________ STATE OF COLORADO ) ) ss. COUNTY OF _____________ ) Subscribed, sworn to and acknowledged before me this _____ day of _______________, 20__, by _______________________. My Commission expires _______________. (SEAL) ____________________________________ Notary Public 94 USGS Form 9-1482 Revised: Mar 2022 U.S. DEPARTMENT OF THE INTERIOR U.S. Geological Survey Agreement No: AGREEMENT FOR INSTALLATION AND MAINTENANCE OF MONITORING STATION * 09066060 GORE CREEK ABOVE BIGHORN PARK NEAR VAIL, CO The landowner agrees that the U.S. Geological Survey (USGS), Colorado Water Science Center, may install and maintain a monitoring station on the landowner's property at a mutually agreed-upon site at the location listed below. The landowner also agrees that the USGS will have access to the site, as it reasonably deems necessary for water level, water-quality and meteorology sampling during the life of this agreement. Description of the monitoring station, located at: Latitude: 39o 37’43.39” Longitude: 106o 17’13.17“ Description of the monitoring station located adjacent to the foot bridge within Bighorn Park off Juniper Ln in Vail, CO. 95 Typical 4” pvc housing for water-quality sensor Typical instrument shelter Excavation and/or installation of the monitoring station, at the USGS's own expense, may begin any time after this agreement is fully executed. The monitoring station shall be excavated, installed, and properly maintained by the USGS. This Agreement shall be regarded as granting a license or easement, whichever may most appropriately characterize it under applicable state law, in favor of USGS to enter landowner's property for the purposes noted herein. At the expiration or termination of this agreement, the monitoring station may be disposed of in one of the following ways: 1- Removal by the USGS, at its own cost and expense, within a reasonable time after the expiration or termination of this agreement. Upon removal of the station, the USGS shall restore the landowner's property, also at its own expense, as nearly as possible to the condition when installed, or 2- Transfer to a state, local, or tribal government agency or Federal Energy Regulatory Commission licensee under a separate written agreement, if approved by the landowner and the USGS Regional Executive. During the life of this agreement, the Federal Government will be liable for any loss related to the installation, operation, maintenance, and other activities associated with the monitoring station described above in accordance with, and to the extent permitted under, the Federal Tort Claims Act (28 U.S.C. &&1346(b) and 2671 et seq). USGS Form 9-1482 Revised: Mar 2022 Page 1 of 2 96 This agreement shall become effective when fully executed and shall remain in full force for _10 year(s)_ unless terminated earlier by USGS or the landowner upon 60 days written notice. After _10 year(s)_, the agreement will continue in force until terminated by either the USGS or the landowner upon 60 days written notice to the other party. * For the purpose of this agreement, "monitoring/monitoring station" includes all hardware and scientific instruments used in the operation and maintenance of the monitoring site. USGS Project Chief: Patricia A. Solberg Address: 445 W. Gunnison Ave, Suite 130 Grand Junction, CO 81501 Telephone: 970-260-8015 Email: psolberg@usgs.gov Landowner / Contact: Address: Telephone: Email: USGS Water Science Center Contact: _____Matt Ely, Director Colorado Water Science Center_____ Address: US Geological Survey West 6th Avenue & Kipling Street Denver Federal Center, Building 53, MS-415 Telephone: 303-236-6900 Email: mely@usgs.gov Signatures: ________________________________________ ___________________________________ U.S. Geological Survey Date ________________________________________ ___________________________________ Landowner Date USGS Form 9-1482 Revised: Mar 2022 Page 2 of 2 97 United States Department of the Interior U. S. GEOLOGICAL SURVEY Colorado Water Science Center, Western Colorado Office 445 West Gunnison Ave, Suite 130 Grand Junction, Colorado 81501 IN REPLY REFER TO: March 31, 2026 To Whom It May Concern: The United States Geological Survey (USGS) is seeking to install a new stream gaging station near a pedestrian bridge in the town of Vail and is providing this letter in response to your inquiry regarding insurance. This letter confirms that the USGS, as a federal agency, is self-insured. The Federal government does not purchase private insurance to cover potential liability of government employees acting within the scope of employment. This is because it is a long-standing policy of the United States to self-insure its own risk of loss. In accordance with the Federal Tort Claims Act (FTCA) (28 U.S.C. §§ 1346 and 2671-2680), the federal government is responsible for addressing claims for damages caused by the negligent or wrongful actions or omissions of its employees while acting within the scope of their official duties. The USGS follows this self-insurance policy. Any claims for loss or damage resulting from USGS employee actions would be handled through the FTCA. Sincerely, Patricia (Trisha) A. Solberg USGS Supervisory Hydrologic Technician/Project Chief US Geological Survey 445 West Gunnison Avenue, Suite 130 Grand Junction, CO 81501-5720 psolberg@usgs.gov 98 AGENDA ITEM NO. 6.6 Item Cover Page DATE:April 7, 2026 SUBMITTED BY:Gregg Barrie, Public Works ITEM TYPE:Consent Agenda AGENDA SECTION:Consent Agenda (6:15pm) SUBJECT:Contract Award to GH Daniels III and Associates for Vail Art Studio North Lawn Landscape SUGGESTED ACTION:Authorize Town Manager to enter into an agreement, in a form approved by the Town Attorney, with GH Daniels III and Associates for the Vail Art Studio North Lawn Landscape, in an amount not to exceed $115,000.00. VAIL TOWN COUNCIL AGENDA ITEM REPORT ATTACHMENTS: TC Memo 4-7-26 - Vail Art Studio North Lawn Contract Award.pdf 99 To: Vail Town Council From: Department of Public Works Date: April 7, 2026 Subject: Vail Art Studio – North Lawn Landscape I. ITEM PURPOSE The purpose of this agenda item is to request the Town Council award a contract to GH Daniels III and Associates for the installation of landscape improvements at the Vail Art Studio in Ford Park. II. BACKGROUND The Vail Art Studio, located on the lower bench of Ford Park, was completed during the summer of 2025. The studio provides a space for artists to work and interact with the public and is operated by Vail’s Art in Public Places program. While unfunded during the construction process, Art Studio planners always envisioned a park-like space on the north end of the studio that would include a small patio and a small turf area to be used for gatherings, receptions, temporary art placements and even a place for artists to work outdoors in full view of Ford Park users. III. PARTNERSHIP WITH ALPINE GARDENS The Betty Ford Alpine Garden Education Center is near to the new Art Studio. In fact, the buildings are less than 150’ apart. As Alpine Garden programming has expanded, their staff and board have envisioned a small gathering space away from the busy Education Center to hold discussions and presentations with small groups. A private donor has contributed to helping this idea become a reality. Creating a space between the two buildings that both organizations can share reduces impacts to Ford Park. The Art in Public Places board and the Alpine Gardens have worked together to create a plan that shares this “north lawn” area. And, through the partnership, the cost of the project will be shared between the town and the Gardens. IV. THE PROJECT The project will provide a small patio on the north end of the studio, with a sidewalk connection to West Betty Ford Way for ADA compliance. The Alpine Garden space is on the far north end of the area and includes a small flagstone patio, crusher-fine walkway, several benches, and a small set of sandstone steps up to West Betty Ford Way. A lawn 100 Town of Vail Page 2 area (existing) connects the two spaces, with new shrub plantings along the western edge/top of bank. A location is reserved for a future art installation to be determined by the Art in Public Places board. All of the spaces overlook Gore Creek. V. PROJECT BUDGET As previously noted, the cost of the project is to be shared by Betty Ford Alpine Gardens and the Town of Vail. The existing approved budget is: Alpine Gardens: $ 100,000 Town of Vail: $ 125,000 Project Budget: $ 225,000 The project was put out for public bid in February. Three bids were received ranging in price from $114,570 to $138,620. The lowest bid was submitted by GH Daniels III and Associates. After the bids were received, town staff, in coordination with AIPP and the Art Studio architect, modified the approved design to reduce the size of the patio, eliminate some walkway, and revise the paving surface material from flagstone to exposed aggregate concrete to match the existing walks. These changes resulted in a minor cost increase of $145.00 The new contract amount is $114,715 to be split appropriately between the Town and Alpine Gardens. VI. CONSTRUCTION SCHEDULE If approved, work will begin in mid-April (weather depending) with a completion window of mid to late May. VII. ACTION REQUESTED BY COUNCIL Authorize the Town Manager to enter into an agreement with GH Daniels III and Associates for the installation of the Vail Art Studio – North Lawn Landscape project in an amount not to exceed $115,000. Attachments: • Proposed landscape design 101 8191 8193 8194 8190 90.991.10 90.9 90.00 90.60 4.9 % 2% MAX 3-4% + / - 90.25 90.40 94.25 EX 94.15 92.15 90.65 90.55 90.20 2% M A X 8192.00 FFE 8192 92.15 92.46 91.61 91.10 92.70 (EX) DESIGNED BY DATE CHECKED BY DRAWN BY SHEET TOV JOB NO. FILE NAME To w n o f V a i l De p a r t m e n t o f P u b l i c W o r k s ph 9 7 0 . 4 7 9 . 2 1 5 8 fa x 9 7 0 . 4 7 9 . 2 1 6 6 ww w . v a i l g o v . c o m 13 0 9 E l k h o r n D r i v e Va i l , C O 8 1 6 5 7 SCALE SI T E L A Y O U T A N D G R A D I N G P L A N GB GB GB BASE 2 3/18/26 30-9090 1"= 10' C-3 AR T S T U D I O N O R T H L A W N VAIL ART STUDIO WEST B E T T Y F O R D W A Y 2-VEHICL E S T A G I N G A R E A ABSOLUTELY NO PARKING ON THE GRASS ABSOLUTELY NO PARKING ON THE GRASS NOTES: 1.A SURVEYOR WILL NOT BE REQUIRED. SITE LAYOUT SHALL BE COORDINATED WITH THE OWNER'S REPRESENTATIVE. 2.FLAGSTONE WALKWAY TO PATIO MUST MEET ADA REQUIREMENTS WITH A RUNNING SLOPE OF <5%. WORK WITH OWNER'S REP TO ENSURE PROPER GRADES AND ADJUST AS DIRECTED. 3.ADJUST NUMBER OF SANDSTONE STAIRS IF LESS STEPS ARE REQUIRED THAN CURRENTLY SHOWN. 4.ALL BOULDERS SHALL BE GRANITE ALLUVIAL BOULDERS. SOME BOULDERS EXIST ON SITE AND MAY BE USED FOR THE WORK. 6' AT ATTACHMENT TO WBFW EXPOSED AGGREGATE CONCRETE TO MATCH WALK ON SOUTHEAST CORNER OF STUDIO 11' 12'SOD AREA, SEE SHEET L-1 5' WIDE CUT SANDSTONE STEPS. SEE DETAIL ON SHEET D-1 (3) 6" RISERS (4) 6" RISERS SANDSET FLAGSTONE SANDSET FLAGSTONE W/ PERMALOC EDGE. SEE DETAIL SHEET D-1. ORGANIC LOCK BORDER WITH STEEL EDGING, COLOR BEIGE 6' RADIUS SOD AREA EXISTING PLANT BORDER EXISTING GRAVEL EXISTING GRAVEL BORDER 5' TYP. NORTH SCALE: 1"= 10' 0 10'5'2.5' ~10' AT ATTACHMENT TO WBFW APPROX 3'-3" FROM EDGE OF PAVEMENT EXISTING BOULDER WALL EXISTING BOULDER WALL. MAY REQUIRE SEVERAL ADD'L BOULDERS STEEL LANDSCAPE EDGE STEEL LANDSCAPE EDGE COMPLETE STEEL LANDSCAPE EDGE FROM EXISTING ENDPOINT INSTALL NYLOPLAST DRAIN AND 6" PIPE TO DAYLIGHT 10 2 DESIGNED BY DATE CHECKED BY DRAWN BY SHEET TOV JOB NO. FILE NAME To w n o f V a i l De p a r t m e n t o f P u b l i c W o r k s ph 9 7 0 . 4 7 9 . 2 1 5 8 fa x 9 7 0 . 4 7 9 . 2 1 6 6 ww w . v a i l g o v . c o m 13 0 9 E l k h o r n D r i v e Va i l , C O 8 1 6 5 7 SCALE LA N D S C A P E P L A N GB GB GB BASE 2 3/18/26 30-9090 1"= 10' L-1 R AR T S T U D I O N O R T H L A W N VAIL ART STUDIO WEST B E T T Y F O R D W A Y 2-VEHICL E S T A G I N G A R E A EXISTING GRAVEL BORDER (1) RLR (1) BAG (3) GLS (1) TBR (5) PGB (1) BCM (3) PSB (1) BAG (3) WSB (3) PGB (1) WR (1) BCM FUTURE ROCK GARDEN BY BETTY FORD ALPINE GARDEN SOD AREA SOD AREA NATIVE AREA BOUNDARY NATIVE AREA BOUNDARY EXISTING SOD AREA PLANT KEY: Common Name Scientific Name Size Qty BAG BLUE AVENA GRASS Helictotrichon sempervirens #5 2 BCM BAILEY COMPACT MAPLE Acer ginnala 'Bailey Compact'#5 2 GLS GRO LOW SUMAC Rhus aromatica 'Gro Low'#5 3 IDW ISANTI DOGWOOD Cornus sericea 'Isanti'#5 2 LMC LOWSCAPE MOUND CHOKEBERRY Aronia melanocarpa 'Low Scape Mound'#5 9 PGB PIXWELL GOOSEBERRY Ribes uva-crispa 'Pixwell'#5 8 PSB PINK SNOWBERRY Symphoricarpos x doorenbosii 'Magic Berry'#5 3 RLR RED LEAFED ROSE Rosa glauca #5 1 TBR TALL BLUE RABBITBRUSH Ericamerea nauseosus var speciosa #5 1 WR WOODS ROSE Rosa woodsii #5 1 WSB WESTERN SNOWBERRY Symphoricarpos albus #5 3 LANDSCAPE NOTES: 1.ALL SOD AREAS TO BE 4" MIN SCREENED AND TILLED TOPSOIL. 2.COORDINATE PLANTING LAYOUT WITH OWNER'S REPRESENTATIVE 3.DISTURBED AREAS NOT SHOWN FOR LANDSCAPING SHALL BE OVER-SEEDED WITH NATIVE SEED SUPPLIED BY OWNER. IRRIGATION NOTES: 4.DRIP IRRIGATION FROM EXISTING SYSTEM ON THE SOUTH END OF ART STUDIO. BURY POLY LINE ALONG WEST SIDE OF BUILDING 5.SPRAY IRRIGATION FOR SOD SHALL HAVE TWO ZONES. oNE CONNECTED TO EXISTING SPRAY ON SOUTHEAST SIDE OF STUDIO. ONE CONNECTED TO EXISTING TEMP ZONE. COORDINATE SPRAY IRRIGATION WITH TOWN OF VAIL IRRIGATION MANAGER. ALL NOZZLES TO BE MP ROTORS FUTURE ART INSTALLATION LANDSCAPE EDGING EXISTING PLANTINGS LANDSCAPE EDGING WOOD MULCH AROUND SHRUBS WOOD MULCH AROUND SHRUBS WOOD MULCH AROUND SHRUBS LIMIT DISTURBANCE TO EXISTING NATIVE VEGETATION KEY: WOOD MULCH AREAS AROUND NEW SHRUBS WOOD MULCH UNDER TREE (9) LMC (2) IDW 10 3 AGENDA ITEM NO. 6.7 Item Cover Page DATE:April 7, 2026 SUBMITTED BY:Gregg Barrie, Public Works ITEM TYPE:Consent Agenda AGENDA SECTION:Consent Agenda (6:15pm) SUBJECT:Contract Award to Rocky Mountain Custom Landscapes, Inc for 10th Mountain Division Memorial Landscape Renewal SUGGESTED ACTION:Authorize the Town Manager to enter into an agreement, in a form approved by the Town Attorney, with Rocky Mountain Custom Landscapes, Inc for the 10th Mountain Division Memorial Landscape Renewal, in an amount not to exceed $134,262.74. VAIL TOWN COUNCIL AGENDA ITEM REPORT ATTACHMENTS: TC memo 4-7-26.pdf 104 To: Town Council From: Kim White, Project Landscape Architect Gregg Barrie, Town Landscape Architect Date: April 7, 2026 Subject: Contract Award – 10th Mountain Div. Memorial Landscape Renewal I. PURPOSE The purpose of this item is to request that the Town Council approve a contract award to Rocky Mountain Custom Landscapes, Inc. for landscape, irrigation, and stonework at the 10th Mountain Memorial adjacent to the covered bridge. II. BACKGROUND The 10th Mountain Division Statue is a popular work of art located at the Covered Bridge entrance to Vail Village with consistent heavy pedestrian traffic to the statue resulting in significant wear and tear on the flagstone walkway and surrounding landscape. The original site plan did not anticipate the magnitude of visitors and foot traffic it currently receives. The intent of the Memorial is to bring public awareness and to honor the service of the 15,000 Ski Troopers who trained for the 10th Mountain Division in this area during WWII. The proposed concept will remove the bluegrass and improve the durable surfacing, significantly decreasing the grounds maintenance requirements but keeping with the intent of the Memorial by including a symbolic flagstone 10th Mountain emblem as part of the surfacing around the Statue. After the March 18, 2026 Design Review Board meeting, the DRB issued approval of the design on 03/25/2026. III. BID PROCESS AND FUNDING After a bidding time of 1 month, Staff received three complete bids for the 10th Mountain Div. Memorial Landscape Renewal, ranging from $134,262 to $193,023, with Rocky Mountain Custom Landscape being the lowest responsible and responsive bidder. The $134,262.74 project will be funded from the allocated $225,000 in the approved 2026 RETT Budget. IV. PROJECT SCHEDULE Pending contract approval, work will begin as early as April 24, 2026, or as weather allows, and is expected to be completed by June 3, 2026. V. ACTION REQUESTED BY COUNCIL Staff requests that the Town Council authorize the Town Manager to enter into an agreement with Rocky Mountain Custom Landscapes, Inc in an amount not to exceed $134,262.74 for the project. 105 SD SD SD SD PLANTER BED WITH 4" ROLLED TOP LANDSCAPE EDGING WITH 2" MULCH. PER DETAILS L-2 COVERED BRIDGE MOUNTAIN HAUS GO R E CR E E K SLIFER SQUARE SD SD SD SD (3)DARTS GOLD NINEBARK NATIVE GRASS SEED AND HYDROMULCH IN DISTURBED AREAS (3) CREEPING SUMAC (2)ISANTI DOGWOOD (1)BAILEY COMPACT MAPLE (1) BRISTLE CONE (1) BABY BLUE EYES SPRUCE (1) MOCK ORANGE (3) MORDEN SUNRISE ROSE PLANT SCHEDULE QTY Botanical Name Common Name Size Height Spread DECIDUOUS SHRUBS 2 Cornus sericea 'Isanti'Isanti Dogwood #5 cont 3-4'3-4' 1 Philadelphus x 'Snowbelle'Snowbelle Mockorange #5 cont 3-4'3-4' 3 Physocarpus opulifolius 'Dart's Gold'Dart's Gold Ninebark #5 cont 4-5'4-5' 3 Rosa 'Morden Sunrise'Morden Sunrise Rose #5 cont 3-6'3-6' 2 Spirea japonica 'Goldflame'Goldflame Spirea #5 cont 2-3'2-3' 8 Dianthus barbatus 'Double Midget Mix'Sweet William, Dwarf 1 8-12"8-12" 3 Rhus trilobata 'Autumn Amber'Sumac, Creeping Three-Leaf #5 12-18"6-10' EVERGREEN TREES 1 Pinus aristata Bristlecone Pine 4'20-40'10-20' 1 Picea pungens 'Baby Blue Eyes'Baby Blue Eyes Spruce 6'20-30'10 DECIDUOUS TREES 1 Acer ginnala 'Bailey Compacta'Dwarf Amur Maple #5 6-8'6-8' 64.63 EX WATER VALVE (2) GOLDFLAME SPIREA (8) SWEET WILLIAM BACKLESS BENCH DESIGNED BY DATE CHECKED BY DRAWN BY SHEET TOV JOB NO. FILE NAME To w n o f V a i l De p a r t m e n t o f P u b l i c W o r k s ph 9 7 0 . 4 7 9 . 2 1 5 8 fa x 9 7 0 . 4 7 9 . 2 1 6 6 ww w . v a i l g o v . c o m 13 0 9 E l k h o r n D r i v e Va i l , C O 8 1 6 5 7 SCALE SI T E P L A N KGW KGW JGB CDs 2/27/2026 REV 1 / 3-12-26 1"=10' L-1 10 T H M T N D I V . M E M O R I A L L A N D S C A P E R E N E W A L 0 105 10 6 AGENDA ITEM NO. 6.8 Item Cover Page DATE:April 7, 2026 SUBMITTED BY:Chris Delles, Public Works ITEM TYPE:Consent Agenda AGENDA SECTION:Consent Agenda (6:15pm) SUBJECT:Contract Award to Schofield Excavation for 2026 Vail Overlay SUGGESTED ACTION:Authorize the Town Manager to enter into a contract, in a form approved by the Town Attorney, with Schofield Excavation for 2026 Vail Overlay, in an amount not to exceed $287,300.00. VAIL TOWN COUNCIL AGENDA ITEM REPORT ATTACHMENTS: council memo-overlay 2026.docx 107 To: Town Council From: Public Works Date: 3/31/26 Subject: 2026 Vail Overlay Contract Award I. ITEM/TOPIC 2026 Vail Overlay Contract Award II. ACTION REQUESTED OF COUNCIL Authorize the Town Manager to enter into an agreement with Schofield Excavation to complete the 2026 Vail Overlay Project. III. BACKGROUND Staff received 5 bids for the 2026 Vail Overlay Project from Schofield Excavation, GM Asphalt Repair, United Companies, 360 Civil, and Columbine Hills. The project is budgeted in Capital Street Maintenance and is within the Engineer’s estimate. Roads included in this year’s asphalt overlay project include Westhaven Drive (south of the bridge over Gore Creek), Westhaven Circle, and Greenhill Court. The project is scheduled to be completed by October 2, 2026. IV. STAFF RECOMMENDATION Authorize the Town Manager to enter into an agreement , in a form approved by the Town Attorney, with Schofield Excavation to complete the 2026 Vail Overlay Project in an amount not to exceed $287,300.00. 108 AGENDA ITEM NO. 6.9 Item Cover Page DATE:April 7, 2026 SUBMITTED BY:Tom Kassmel, Public Works ITEM TYPE:Consent Agenda AGENDA SECTION:Consent Agenda (6:15pm) SUBJECT:Contract Award to Structural Preservation Systems, LLC for Structural Repairs in Lionshead and Vail Village Parking Structures SUGGESTED ACTION:Authorize the Town Manager to enter into an agreement, in a form approved by the Town Attorney, with Preservation Systems, LLC for Structural Repairs in Lionshead and Vail Village Parking Structures, in an amount not to exceed $175,000.00. VAIL TOWN COUNCIL AGENDA ITEM REPORT ATTACHMENTS: Structure Contract Award 2026.docx 109 To: Town Council From: Public Works Department Date: April 7, 2026 Subject: Contract Award for Structural Repairs to Lionshead and Vail Village Parking Structures I. SUMMARY The purpose of this item is to award a 2026 contract to Structural Preservation Systems, LLC to perform construction services for structural repairs to the Lionshead and Vail Village parking structures in an amount not to exceed $ 1,750,000. II. BACKGROUND Restruction Corporation now Structural Preservation Systems, LLC (Structural) successfully completed the initial structural repairs in 2025 to the Vail Village and Lionshead parking structures based on the JR Harris Structural Assessment report. Structural was recommended for the work by JR Harris and Town of Vail staff for their experience and expertise with parking structure structural repairs. A proposal has been received and reviewed by both JR Harris and Town staff to complete the next scope of priority work as identified by the structural assessment report. The proposed scope of work is $1,750,000 well within the 2026 budget of $2,250,000. III. RECOMMENDATION Authorize the Town Manager to enter into a contract in a form approved by the Town Attorney with Structural in an amount not to exceed $1,750,000 for the structural repairs to Lionshead and Vail Village parking structures 110 AGENDA ITEM NO. 7.1 Item Cover Page DATE:April 7, 2026 TIME:30 min. SUBMITTED BY:Tom Kassmel, Public Works ITEM TYPE:Presentation/Discussion AGENDA SECTION:Presentation/ Discussion (6:15pm) SUBJECT:Recommendations on Summer Parking Fees (6:15pm) SUGGESTED ACTION:Listen to presentation and provide feedback. PRESENTER(S):Tom Kassmel, Director of Public Works and Transportation, and Stephanie Kashiwa, Parking Supervisor VAIL TOWN COUNCIL AGENDA ITEM REPORT ATTACHMENTS: Council Memo 04.07.26 Summer 2026 Parking Program.doc Summer 2026 Parking - Council - 04.07.26.pptx Council_Parking_020326.pdf 111 1 TO: Vail Town Council FROM: Parking and Transportation Task Force Tom Kassmel, Director of Public Works and Transportation Stephanie Kashiwa, Parking Operations Manager DATE: April 7, 2026 SUBJECT: Parking and Mobility Task Force Recommended Summer 2026 Parking Program I. SUMMARY The purpose of this item is to:  Provide Town Council the Parking and Mobility Task Force recommendation for Summer 2026 Parking Program.  Request Town Council approve the recommended elements of the Summer 2026 Parking Program. II. BACKGROUND During the February 3rd meeting, the town council reviewed summer parking program goals, 2025 parking operations, revenue information from summer 2025 and winter 2025 -2026 year-to-date, and summer 2025 parking data. See attached February 3rd presentation. The town council directed the P&MTF provide a recommendation regarding summer managed parking that considered:  Simple rates and programs.  Continued pass option messaging for the community.  Options that do not raise rates. o Being mindful of price sensitivity o Bringing in guests who will ‘linger’  Making small improvements to last summer’s program. The Parking & Mobility Task Force (P&MTF) met on February 26th to review directions from council and stated considerations for the summer managed parking program, review statistics from the previous summer, and to develop a recommendation for the Summer 2026 Parking Program. 112 2 III. TASK FORCE DISCUSSIONS | SUMMER 2026 The P&MTF discussed the Vail Transit Route Optimization Plan and the improved frequency this offers the community. The impact of capital repairs on the main parking structures, ongoing maintenance, and non-town construction projects this summer was reviewed. These projects could reduce the parking space inventory by 100 -250 spaces, making inventory management a consideration. The P&MTF reviewed the direction given from council to consider when recommending a summer 2026 parking program. The P&MTF also recognized that there are small changes to the summer program that the summer 2025 data supports. The discussion also focused on providing our community with options for parking and transportation, price sensitivity, and the benefit of collecting additional summer seasonal parking before considering any substantial changes. IV. ACTION REQUESTED Approve or approve with modifications the components of the Summer 2026 Parking Program as recommended by the Parking and Mobility Task Force. Changes from the summer 2025 program are indicated in blue. Recommended Summer 2026 Season Dates: Friday, May 29th – Sunday, September 27th Recommended Summer 2026 Rate and Parking Structure: Vail Village Structure Lionshead Structure Red Sandstone Garage Ford Park Lot Vail Athletic Fields Lot Exit under 1 hour, FREE $2 per hour, max $10 per transaction Entries after 3 p.m. until 4 a.m., FREE $45 overnight fee Exit under 1 hour, FREE $2 per hour, max $10 per transaction Entries after 3 p.m. until 4 a.m., FREE $45 overnight fee Exit under 1 hour, FREE $2 per hour, max $10 per transaction $35 overnight fee Exit under 1 hour, FREE $2 per hour, max $10 per transaction Event Parking Rate: $20 at entry Carpool Program: FREE for 4+ Exit under 1 hour, FREE $2 per hour, max $10 per transaction Event Parking Rate: $20 at entry Carpool Program: FREE for 4+  Overnight fee in Vail Village and Lionshead structures lowered from summer 2025 program 113 3 Recommended Discount Local Pass Rate Vail Village Structure Lionshead Structure Red Sandstone Garage Ford Park Lot Soccer/VAF Lot Exit under 3 hours, FREE $1 per hour, max $5 per transaction Entries after 3 p.m. until 4 a.m., FREE $45 overnight fee Exit under 3 hours, FREE $1 per hour, max $5 per transaction Entries after 3 p.m. until 4 a.m., FREE $45 overnight fee Exit under 3 hours, FREE $1 per hour, max $5 per transaction Exit under 3 hours, FREE $1 per hour, max $5 per transaction Event Parking Rate: $20 at entry Carpool Program: FREE for 4+ Exit under 3 hours, FREE $1 per hour, max $5 per transaction Event Parking Rate: $20 at entry Carpool Program: FREE for 4+  Overnight fee in Vail Village and Lionshead structures lowered from summer 2025 program  Entry free period raised from 2 to 3 hours Recommended Passholder Purchase Price Premier $1,200 Employee Plus $500 Employee $150 Local $40  Eagle County Local and Vail Local pass combined as the Local Pass  Note: All winter 2025/26 passes will be extended for use for the summer 2026 season, with applicable summer benefits. o Approved for winter 2025/26 recommendations 114 4 Recommended Pass Access & Rate Vail Village Structure Lionshead Structure Red Sandstone Garage Ford Park Lot Soccer/VAF Lot Premier FREE access FREE access FREE access FREE access FREE access Vail Village Business Premier FREE access Discount Pass Rate Discount Pass Rate Discount Pass Rate Discount Pass Rate Lionshead Business Premier Discount Pass Rate FREE access Discount Pass Rate Discount Pass Rate Discount Pass Rate Employee Plus Pass Discount Pass Rate FREE access FREE access FREE access FREE access Employee Pass Discount Pass Rate FREE day access, overnight rate applies FREE day access, overnight rate applies Discount Pass Rate Discount Pass Rate Local Pass Discount Pass Rate Discount Pass Rate Discount Pass Rate Discount Pass Rate Discount Pass Rate  Discount pass rate was added to the Business Premier and Employee Plus passes to mimic winter 2025/26 pass benefits Recommended Programs  DUI prevention program  Donovan Park registration  Sunday Market carpool program  Shift Bike punch pass for parking passholders o Provide a promo code to all passholders for Shift Bike. This benefit would allow three, 30-minute sessions and offer an ‘alternative mode’ of transportation. Shift Bike would bill the town for each promo code used with a ‘Pay-After-Use’ program.  Each promo code redeemed costs $5.  If all passholders used their code, the total cost would be approximately $27,000. V. STAFF RECOMMENDATION Town Council approve, or approve with modifications, the recommendations for the summer 2026 Parking Program. VI. Attachments  February 3rd presentation  Presentation 115 PRESENTATION BY Public Works Department Vail Parking Operations Summer 2026 116 BACKGROUND •Council Direction (2/3/26) • Simple rates and programs • Continued pass option messaging for the community • Options that do not raise rates • Being mindful of price sensitivity • Bringing in guests who will ‘linger’ • Making small improvements to last summer’s program Town of Vail | Name of Presentation | vailgov.com 117 SUMMER OPERATION RECOMMENDATIONS •Parking & Mobility Task Force Recommendations •Recommended Parking Calendar • 2025: Friday, May 30 to Sunday, September 28 • 2026: Friday, May 29 to Sunday September 27 •Recommended Retail Parking Rates •All lots •Vail Village & Lionshead structures •Ford Park & Vail Athletic Fields lots Exit under 1 hour, FREE $2 per hour Max $10 per transaction Entries after 3 p.m. until 4 a.m., FREE $20 event parking Free for carpools with 4+ people in the vehicle 118 SUMMER OPERATION RECOMMENDATIONS •Parking & Mobility Task Force Recommendations •Recommended Retail Parking Rates •Vail Village & Lionshead structures •Red Sandstone garage 2025 $60 overnight fee 2026 $45 overnight fee $35 overnight fee 119 SUMMER OPERATION RECOMMENDATIONS •Parking & Mobility Task Force Recommendations •Recommended Passholder Parking Rates •All lots 2025 Exit under 2 hours, FREE $1 per hour Max $5 per transaction 2026 Exit under 3 hours, FREE $1 per hour Max $5 per transaction 120 SUMMER OPERATION RECOMMENDATIONS •Parking & Mobility Task Force Recommendations •Passholder Purchasing • All winter 2025/26 passes will be extended for use for the summer 2026 season, with applicable summer benefits •Recommended Summer Only Pass Purchase Price Premier $1,200 Employee Plus $500 Employee $150 Local $40 121 SUMMER OPERATION RECOMMENDATIONS •Parking & Mobility Task Force Recommendations •Recommended Pass Access & Rate Vail Village Structure Lionshead Structure Red Sandstone Garage Ford Park Lot Soccer/VAF Lot Premier FREE access FREE access FREE access FREE access FREE access Vail Village Business Premier FREE access Discount Pass Rate Discount Pass Rate Discount Pass Rate Discount Pass Rate Lionshead Business Premier Discount Pass Rate FREE access Discount Pass Rate Discount Pass Rate Discount Pass Rate Employee Plus Pass Discount Pass Rate FREE access FREE access FREE access FREE access Employee Pass Discount Pass Rate FREE day access, overnight rate applies FREE day access, overnight rate applies Discount Pass Rate Discount Pass Rate Local Pass Discount Pass Rate Discount Pass Rate Discount Pass Rate Discount Pass Rate Discount Pass Rate 122 SUMMER OPERATION RECOMMENDATIONS •Parking & Mobility Task Force Recommendations •Recommended Pass Benefit • Provide a promo code to all passholders for Shift Bike • Provides 3, 30-minute sessions • Provides and promotes an ‘alternative mode’ of transportation • The town would ‘pay after use’ • $5 per redeemed promo code • ($27k) •Recommended Programs • DUI prevention program • Donovan Park registration • Sunday Market carpool program 123 SUMMER OPERATION – Guest Service & Operational Improvements •Additional information being gathered • Ford Park & Vail Athletic Fields lots • Scan-to-Pay • Lessen exit lane congestion • Improve guest experience • Could be applied to all lots if successful • Donovan Park & Oversized/Overnight parking • Handheld License Plate Recognition for CEOs • Quick response & improved accuracy • Improved messaging • Pop up messaging for events • Improving signage • Simplify 124 Thank you 125 PRESENTATION BY Stephanie Kashiwa Parking Operations Direction for Summer 2026 Parking Operations 126 Summer 2025 Operations • Summer 2025 Goals: •Support the Town Council Strategic Plan • Reduce the percentage of vehicles parking that originate from Eagle County (outside of Vail) from 40% to 30% • Reduce the percentage of vehicles parking that originate from Vail from ~32% to 20% • Reduce 2014 baseline carbon emissions by 25% by 2025, 50% by 2030, and 80% by 2050 •Additional revenue ($2.5M) for: • Supporting and promoting alternative modes of transportation • Maintenance & capital repairs •Management tools- manage use of lots during high demand • Expected future demand from upcoming construction projects • Data collection 127 Summer 2025 Operations Summer 2025: • Overnight rates matched winter • Event parking = $20 • Retail rate = $2/hr, max $10 • Passholder rate = $1/hr, max $5 • Access depending on pass type Substantial changes in operations compared to Summer 2024 Summer 2024: • Overnight in VV & LH = $35 • Overnight in RSS = $15 • Event parking = $15 128 Summer 2025 & Winter 2025-26 Revenue Summer 2025 • Pass Sales = $46,850 • $29,774 budgeted • Parking Sales = $1,134,900 • $2,500,000 budgeted •$895,000 shortfall Winter 2025-26 •Pass Sales is down 3.8% through end of December •Parking Revenue is down 13.8% YoY •Projected increase of $400,000 from the rate changes •Parking Transactions are down 11.7% YoY 129 2025 Summer Data • Transactions • 37% Transactions were paid (175k out of 469k) • 63% Transaction were free • Average retail transaction = $4.38 • Average paid retail transaction = $8.88 • Average pass transaction = $1.10 • Average paid pass transaction = $1.58 • Average overall retail & pass transaction = $2.42 • Passholder revenue • 24% of transactions in summer 2025 • Retail = $1.475M • Passholder = $85K • Overnight rate • Revenue the same ‘24/’25: $546k/$564k • Average Vehicles per night: 55 (down 44%) 130 2025 Summer Data • Duration of stay (Retail ‘24 vs. ‘25) 131 2025 Summer Data •Lot utilization •Vail Village and Ford lot are highly utilized • Ford/Soccer lot event parking challenges • 50+ paid event parking days • Consider Scan to Pay Options • Donovan Park challenges 132 2026 Summer Considerations • Should summer rates attempt to recoup summer revenue gaps for on-going repairs (+/- $1M)? • Balance Rates vs Guest/Business needs • Attracting guests • Local needs • LH parking structure deck repairs - Loss of inventory • Rate change “fatigue” • Minor Improvements • Overnight fees? • Ford Park – Scan-to-pay? • Shift bike passholder perk? 133 Direction PMTF meets February 26, 2026. What direction does Council have for the PMTF when considering recommendations for the 2026 Summer Parking Program? • Increase rate structure to increase revenue, OR • Maintain general rate structure, recommend minor or no changes, OR • Other… 134 Thank you 135 AGENDA ITEM NO. 8.1 Item Cover Page DATE:April 7, 2026 TIME:15 min. SUBMITTED BY:Greg Roy, Community Development ITEM TYPE:Action Items AGENDA SECTION:Action Items (6:45pm) SUBJECT:Permission to Proceed Vails Trails East (6:45pm) SUGGESTED ACTION:Approve, approve with amendments, or deny permission to proceed for Vails Trails East. PRESENTER(S):Greg Roy, Planning Manager VAIL TOWN COUNCIL AGENDA ITEM REPORT ATTACHMENTS: Council Memo VTE 4-7-26.pdf Attachment A. Applicant Narrative.pdf 136 To: Town Council From: Community Development Date: April 7, 2026 Subject: Vail Trails East Permission to Proceed I. SUMMARY The applicant, Vail Trails East HOA, represented by Ceres+ Landscape Architecture, is requesting approval for permission to update the landscaping in the adjacent Tract A parcel between Vail Trails East and Texas Townhomes. Tract A is part of the Town of Vail Stream Tract. II. BACKGROUND In 2015 The Town Council approved a license agreement to allow a ten foot strip of land along the west side of Tract A, adjacent to Vail Trails East (VTE) for use of access to accommodate the sidewalk that connects the parking area to the door for the eastern unit in VTE (image of area below). VTE was built in 1965 and the sidewalk was likely constructed at that time, but no legal mechanism allowed for maintenance of the sidewalk until the license agreement was approved. In March of 2023 Texas Townhomes (TT), directly across Tract A to the east, approached Town Council with the request to use this portion of Tract A during the reconstruction of their utilities for their buildings. As part of their request, TT would revegetate the area that was formerly manicured grass, and turn it into a bioswale to assist in filtering the drainage that moves through the area. The removal of paved area in Tract A and reseeding and reclamation of that area was also part of the approval. This work was performed in 2024, but the appropriate subsoil was not in place causing pooling issues instead of allowing the water to percolate through the soil. This was then redone in 2025 to the appropriate specifications. In December of 2024 a request from TT Unit 1 was approved to allow for tem porary construction access along the eastern side of Tract A in order to facilitate the construction and remodel of the unit including exterior residing. The request also included unit 1 removing all encroachments into the Stream Tract as a condition of the approval, including a hot tub deck that overlooked Gore Creek. Construction completed in the winter of 2025/2026 and revegetation and reseeding of the area is to be completed during the summer of 2026. 137 Town of Vail Page 2 The request before Town Council today can be summarized in the applicant’s narrative (attachment A) of the work being proposed. The sidewalk along the eastern side of VTE is in need of rebuilding to ensure drainage moves away from the building. The applicant is also proposing to regrade and revamp the bioswale on their side to allow for better drainage and new plantings along the sidewalk. While the work for the sidewalk within the 10-foot encroachment does not require TC approval, the ancillary work to improve the bioswale does require approval. The request is similar to the TT request in 2023 where the parking that is encroaching on Tract A would be removed and the paved area would be revegetated and reclaimed by Tract A, removing private improvements on public property. The exact design and configuration of the bioswale would be reviewed by the Town’s Environmental and Public Works departments through a Design Review Board application. 138 Town of Vail Page 3 III. APPLICABLE PLANNING DOCUMENTS Vail Village Master Plan Objective 3.4: Develop additional sidewalks, pedestrian-only walkways and accessible green space areas, including pocket parks and stream access. Policy 3.4.1: Physical improvements to property adjacent to stream tracts shall not further restrict public access. Policy 3.4.2: Private development projects shall be required to incorporate new sidewalks along streets adjacent to the project as designated in the Vail Village Master Plan and/or Recreation Trails Master Plan. Policy 3.4.3: The “privatization” of the town-owned Gore Creek stream tract shall be strongly discouraged. Policy 3.4.4: Encroachment of private improvements on the town-owned Gore Creek stream tract shall be prohibited. Policy 3.4.5: The Town shall require the removal of existing improvements constructed without the Town’s consent within the town-owned Gore Creek stream tract. IV. RECOMMENDED MOTIONS Town Council shall approve, approve with conditions, or deny the applicant’s request for permission to proceed through the Design Review Board process. If Town Council wishes to approve the request, staff recommends the following motion: “I move to approve the applicant’s request for permission to proceed with the landscape improvement project on Tract A.” If Town Council wishes to deny the request, staff recommends the following motion: “I move to deny the applicant’s request for permission to proceed with the landscape improvement project on Tract A.” V. ATTACHMENTS A. Applicant Narrative 139 Project Narrative – Permission to Proceed Date: March 2, 2026 Project: Vail Trails East – 433 Gore Creek Dr L1 – Site Plan • Proposed grading and boulder retention within existing drainage way to install bioswale between Vail Trails East and Texas Townhomes • Proposed cobble bioswale to help slow water flow and allow for successful filtration into native soil • Removal of asphalt within TOV property at road edge • Replacement of existing concrete walkway along Vail Trails East Property L2 – Planting Plan • Proposed tree and shrub plantings within/around bioswale • Proposed Perennial plantings along existing concrete walkway • Native grass revegetation to help stabilize grade along side of existing drainage way 140 AGENDA ITEM NO. 8.2 Item Cover Page DATE:April 7, 2026 TIME:10 min. SUBMITTED BY:Chad Salli, Public Works ITEM TYPE:Action Items AGENDA SECTION:Action Items (6:45pm) SUBJECT:Resolution No. 13, Series of 2026, A Resolution Approving a Temporary Construction Easement between the Town of Vail and the Eagle River Water and Sanitation District to the Allow for the Staging of Construction Materials on Town Owned Property (7:00pm) SUGGESTED ACTION:Approve, approve with amendments, or deny Resolution No. 11, Series of 2026. PRESENTER(S):Chad Salli, Town Engineer VAIL TOWN COUNCIL AGENDA ITEM REPORT ATTACHMENTS: Council Memo4-7-26.pdf Resolution No 13 Series 2026 ERWSD TCE.docx ERWSD Temporary Easement Request - rev1.pdf 141 To: Town Council From: Public Works Date: 04-07-2026 Subject: ERWSD Temporary Construction Easement on Donovan Park Middle Bench I. BACKGROUND Eagle River Water and Sanitation District (ERWSD) is planning on replacing water lines that run along the back lot lines in the Matterhorn subdivision with a new water main in Geneva Dr. The existing back lot water main has had multiple emergency breaks in recent years and is difficult to access and maintain. In order to reduce some of the construction time, impact to the residents and project cost, ERWSD is requesting the use of a portion of lot just north of Upper Matterhorn Cir for equipment and material staging to complete the project. There is an existing dead end water main that splits the subject lot that will need to be excavated in two locations and capped regardless of the temporary construction staging easement is granted. This lot is part of the Donovan middle bench which is a designated park. This area is currently vegetated with native grass. All disturbed areas will be revegetated with native grass. II. STAFF RECOMMENDATION Approve, approve with amendments, or deny the requested easement in a form as approved by the Town Attorney with the condition that the disturbed areas be revegetated in a manner consistent with an approved restoration plan. 142 Vail GIS, Eagle County GIS 143 RESOLUTION NO. 13 Series of 2026 A RESOLUTION APPROVING A TEMPORARY CONSTRUCTION EASEMENT BETWEEN THE TOWN OF VAIL AND THE EAGLE RIVER WATER AND SANITATION DISTRICT TO THE ALLOW FOR THE STAGING OF CONSTRUCTION MATERIALS ON TOWN OWNED PROPERTY WHEREAS, the Town wishes to grant a temporary construction easement to the Eagle River Water and Sanitation District, neighborhood, in the form attached hereto as Exhibit A and incorporated herein by this reference (the “TCE”), to allow for a construction staging area for a major water infrastructure project in the Matterhorn. NOW THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO THAT: Section 1. The Town Council hereby approves the TCE, in substantially the same form as attached hereto as Exhibit A and in a form approved by the Town Attorney, and authorizes the Town Manager to execute the TCE on behalf of the Town. Section 2. This Resolution shall take effect immediately upon its passage. INTRODUCED, PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of Vail held this 7th day of April 2026. _________________________ Barry Davis, Mayor ATTEST: ________________________________ Stephanie Kauffman, Town Clerk 144 March 10, 2026 Chad Salli Town of Vail 1309 Elkhorn Drive Vail, CO 81657 Re: Temporary Easement Request – West Vail Watermain Improvements Dear Chad, The purpose of this letter is to request a temporary construction easement on Town of Vail parcel number 2103-123-00-011 located at 1563 Matterhorn Circle An exhibit of the proposed easement is included as Attachment A. The anticipated duration of the temporary easement is anticipated to be May 1, 2026, to November 13, 2026. We understand the property is Town of Vail Designated Open Space and would likely require Town Council approval. The use of the temporary easement would be a construction staging area for a major water infrastructure project in the Matterhorn neighborhood; that neighborhood has experienced multiple emergency line breaks in recent years and is the subject of a separate Water System Master Plan to address out of spec 4” and 6” main lines located in difficult to access back lot easements. The Project would include abandonment of an unused stub-out watermain in the 1563 Matterhorn Circle parcel, thereby reducing system risk. The impact of the temporary easement would be damage to surface vegetation from storing materials and construction equipment. The site will be revegetated/restored with a native seed mix at project completion; approval of the restoration is the sole discretion of Town of Vail. There are very few alternatives in the area for a staging area because it is a residential neighborhood with only TOV Designated Open Space and small residential lots. Daily demobilization and remobilization would increase construction costs and schedule duration, having an adverse impact on rate payers and citizens. Thank you for your consideration and we appreciate the ongoing collaborative relationship with Town of Vail. Sincerely, Mark Mantua Senior Project Manager (970) 401-0822 mmantua@erwsd.org Cc: Jeff Schnieider, P.E. File Attachments: Exhibit A: Draft Temporary Easement Area 145 146 147 148 AGENDA ITEM NO. 8.3 Item Cover Page DATE:April 7, 2026 TIME:10 min. SUBMITTED BY:Stephanie Bibbens, Town Manager ITEM TYPE:Action Items AGENDA SECTION:Action Items (6:45pm) SUBJECT:Ordinance No. 3, Series of 2026, First Reading, An Ordinance Amending Chapter 11 of Title 7 of the Vail Town Code, Concerning Waste and Recycling Collection Vehicles in Certain Pedestrian Mall Areas (7:10pm) SUGGESTED ACTION:Approve, approve with amendments, or deny Ordinance No. 3, Series of 2026 upon first reading PRESENTER(S):Chief Ryan Kenny, Vail Police Department VAIL TOWN COUNCIL AGENDA ITEM REPORT ATTACHMENTS: garbagetrucks.docx Waste and Recycling Vehicles-O032526.docx 149 March 17th, 2026 To: Town Council Through: Russ Forrest Town Manager From: Ryan Kenney Chief of Police Subject: Village Traffic In November of 2020, the Town of Vail took steps to limit vehicle traffic in pedestrian areas of Lionshead and the Village. This has included implementing an e-delivery system, changing traffic patterns, limiting open access and controlled access points. Each of these changes has made dramatic improvements to the safety and guest experience in both locations. Town staff would like to continue to make small changes to improve safety. Staff recommends restricting garbage truck access to Bridge Street and removing parking on International Bridge. Bridge Street is very narrow and heavily travelled by pedestrians. The presence of garbage trucks on Bridge Street, at any time of the day, significantly increases the odds of a pedestrian encounter. Currently, there are five trash locations on Bridge Street. I have spoken to both companies that collect trash at these locations, and both are willing to do these collections from the intersection of Bridge and Gore or the top of Hanson Ranch Road. Both companies have assured me that changing these collection points will not affect cost for the customer. Parking on International Bridge (north side) has been restricted to trade/maintenance companies for the past year. This was done on a trial basis to determine if this location was a sustainable solution. During the last year, there have been multiple issues that make parking at this location less than ideal. The biggest issue is the size of the vehicles parked there and the frequency of movement. Both have caused safety concerns. Trade/maintenance vehicles will still be allowed into the Village to perform work and drop supplies/equipment. Staff is recommending restricting garbage trucks from Bridge Street and removing parking from International Bridge. 150 3/27/2026 C:\USERS\UFC-PROD\APPDATA\LOCAL\TEMP\BCL TECHNOLOGIES\EASYPDF 8\@BCL@A014061B\@BCL@A014061B.DOCX ORDINANCE NO. 3 SERIES 2026 AN ORDINANCE AMENDING CHAPTER 11 OF TITLE 7 OF THE VAIL TOWN CODE, CONCERNING WASTE AND RECYCLING COLLECTION VEHICLES IN CERTAIN PEDESTRIAN MALL AREAS WHEREAS, the Town desires to reduce pollution, congestion, noise and related health concerns created by waste and recycling collection vehicles in the Bridge Street portion of the Town's pedestrian mall area. NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO, THAT: Section 1. Section 7-11-4(E) of the Vail Town Code is hereby amended as follows: § 7-11-4 EXCEPTIONS: In all pedestrian mall areas, the following vehicular traffic is permitted: * * * (E) Waste and recycling collection vehicles except on Bridge Street; * * * Section 2. If any part, section, subsection, sentence, clause or phrase of this ordinance is for any reason held to be invalid, such decision shall not affect the validity of the remaining portions of this ordinance; and the Town Council hereby declares it would have passed this ordinance, and each part, section, subsection, sentence, clause or phrase thereof, regardless of the fact that any one or more pa rts, sections, subsections, sentences, clauses or phrases be declared invalid. Section 3. The Town Council hereby finds, determines and declares that this ordinance is necessary and proper for the health, safety and welfare of the Town and the inhabitants thereof. Section 4. The amendment of any provision of the Vail Town Code as provided in this ordinance shall not affect any right which has accrued, any duty imposed, any violation that occurred prior to the effective date hereof, any prosecution commenced, nor any other action or proceeding as commenced under or by virtue of the provision amended. The amendment of any provision hereby shall not revive any provision or any ordinance previously repealed or superseded unless expressly stated herein. Section 5. All bylaws, orders, resolutions and ordinances, or parts thereof, inconsistent herewith are repealed to the extent only of such inconsistency. This repealer 151 2 3/27/2026 C:\USERS\UFC-PROD\APPDATA\LOCAL\TEMP\BCL TECHNOLOGIES\EASYPDF 8\@BCL@A014061B\@BCL@A014061B.DOCX shall not be construed to revise any bylaw, order, resolution or ordinance, or part thereof, theretofore repealed. INTRODUCED, READ ON FIRST READING, APPROVED, AND ORDERED PUBLISHED ONCE IN FULL ON FIRST READING this 7th day of April, 2026 and a public hearing for second reading of this Ordinance set for the 21st day of April, 2026, in the Council Chambers of the Vail Municipal Building, Vail, Colorado. _____________________________ Barry Davis, Mayor ATTEST: ____________________________ Stephanie Kaufmann, Town Clerk READ AND APPROVED ON SECOND READING AND ORDERED PUBLISHED this 21st day of April, 2026. _____________________________ Barry Davis, Mayor ATTEST: ____________________________ Stephanie Kauffman, Town Clerk 152 AGENDA ITEM NO. 8.4 Item Cover Page DATE:April 7, 2026 TIME:30 min. SUBMITTED BY:Jake Shipe, Finance ITEM TYPE:Ordinance AGENDA SECTION:Action Items (6:45pm) SUBJECT:Ordinance No. 4, Series of 2026, First Reading, An Ordinance Making Budget Adjustments to the Town of Vail General Fund, Capital Projects Fund, Internal Employee Housing Rental Fund, Timber Ridge Fund, Health Insurance Fund, and Dispatch Services Fund of the 2026 Budget for the Town of Vail, Colorado; and Authorizing the Said Adjustments as Set Forth Herin; and Setting Forth Details in Regards Thereto (7:30pm) SUGGESTED ACTION:Approve, approve with amendments, or deny Ordinance No. 4, Series of 2026 upon first reading. PRESENTER(S):Carlie Smith, Finance Director and Jake Shipe, Budget Analyst VAIL TOWN COUNCIL AGENDA ITEM REPORT ATTACHMENTS: 2026 1st Supplemental Budget - Memo.pdf Ord #4 - 1st Supp 2026 1st Reading.pdf 2026 1st Supplemental Budget - Presentation.pdf 153 TO: Vail Town Council FROM: Finance Department DATE: April 7, 2026 SUBJECT: 2026 First Supplemental Appropriation I. SUMMARY During Tuesday evening's session, you will be asked to approve the first reading of Ordinance No. 4, making supplemental appropriations and adjustments to the 2026 budget. The main purpose of this supplemental is to re-appropriate funds for capital projects and one-time programs budgeted in 2025 and are continuing into this year, or projects that did not begin as planned. This supplemental reflects $69.3M of these expenditure re-appropriations, the majority of which is for the Dobson ice arena renovation ($33.4M). This supplemental also included a roll-forward of $5.5M in grant and project reimbursement revenues originally expected in 2025, but that will not be received until 2026. Colorado experienced a very dry winter, which has reduced visitation across mountain resort communities and negatively impacted major revenue sources, including sales tax, parking, and lift tax collections. In response, staff has revised revenue projections downward. Overall, projected revenues have been reduced by $5,497,221. In response, staff also identified $7,954,321 in expenditure reductions, including $1,244,821 in operating and $6,709,500 in capital reductions and project deferrals. Additionally, the Town will forgo the reappropriation of $1,124,415 in capital projects originally included in the 2025 budget. Lastly, staff is proposing $5.2M in new requests and adjustments. The majority of these increases, or $4.8M, are fully or largely offset by new revenues such as grants and reimbursements. An additional $202.5K of these increases have been previously approved during a Town Council meeting. II. DISCUSSION Proposed Revenue Reductions Due to the limited snowfall experienced this Winter, several of the Town’s major revenue sources have lagged behind the original 2026 budget. This supplemental reflects the following decreases in revenue collections as a result: 154 - 2 - • Sales Tax: General sales tax collections are projected to decrease by $2,638,797 compared to the current budget. The total proposed amended budget for 2026 is $39,699,003. This represents an overall decrease of 8% compared to the 2026 original budget. This amount will decrease sales tax revenues in the General Fund by $1,636,054, and in the Capital Projects Fund by $1,002,743. • Housing Sales Tax: Collections of the 0.5% sales tax dedicated to community housing are projected to decrease by $306,160 compared to the current budget, in-line with general sales tax collections. The proposed amended annual budget is $4,834,840. • Ski Lift Tax: Ski lift tax collections are projected to decrease by $909,625 compared to the current budget. This represents a 10% decrease from 2025. The proposed amended budget for 2026 totals $6,039,641. • Parking Revenues: Parking revenues are projected to decrease by $1,542,639 compared to the current budget. This represents a 9.0% decrease compared to 2025. The total amended budget for all parking and transportation revenues (including daily parking fees, parking passes, and electric vehicle charging) totals $8,965,340. These changes will be discussed in more detail during the afternoon session. SB-230 Transit Enhancements The Town has been awarded a grant award by the state Clean Transit Enterprise in the amount of $938,499 for transit service expansion, funded by the oil and gas production fees imposed under SB24-230. This grant reimburses 80% of costs up to the maximum, with the Town responsible for funding the remaining 20%. With the revenue reductions, the General Fund could not support the town’s 20% match totaling $271,328 without utilizing reserves or adjusting the sales tax split between the General Fund and the Capital Project Fund. At the February 17th Town Council meeting, Council supported the service enhancements, and to adjust the current 62%/38% sales tax split between the General Fund and Capital Projects Fund as necessary to fund these enhancements, up-to 63%/37%. Since the February 17 meeting, staff has begun the hiring process for the additional positions needed to support these service enhancements. The supplemental budget includes both the anticipated grant funding and associated expenditures. However, if staffing needs cannot be fully met, the enhanced transit services as well as the grant funds will be deferred until next summer. These enhancements funded by this grant require supplementing a net budgetary increase to the Town of $271,328. The specific budgetary impacts are listed below: • The services enhancements require a net increase in Full-Time Equivalent positions (FTEs) of 11.0 compared to the 2025 baseline. This includes nine full-time bus drivers, one bus supervisor, and one fleet mechanic. In the 2026 budget, staff place-held 6.0 of these positions in anticipation of at least a partial-service enhancement. In order to implement these enhancements, an additional 5.0 FTEs will be added to the Town’s budget, increasing the total Town-wide FTE count to 385.71. • Revenues will be increased by $938,499 to reflect collection of the SB24-230 grant. • Salaries and benefit expenditures will be increased by a total of $912,088 in the General Fund ($830,188) and Heavy Equipment fund ($81,900), to reflect the cost of the 11.0 FTEs associated with this grant. • Departmental Heavy Equipment operational charges will be increased by $370,867 to reflect the total cost of fuel, increased repairs and supplies, and HEF personnel required to support the increased service. Revenue in the Heavy Equipment Fund will be increased by the same amount. As this an internal service charge, this has no net impact on Town- wide expenditures. • Revenues and expenditures in the Health Insurance Fund will be increased by $173,506 to reflect the estimated cost of health insurance benefits for the new personnel. The 155 - 3 - estimated Town-paid costs of $135,350 cost are already reflected in the benefit cost listed above, and as an internal change, have no net impact on Town-wide expenditures. General Fund Revenue General Fund revenues have been increased by $2,660,049 offset by a decrease in revenues forecasts totaling $4,203,626 as described above and a decrease in interfund transfers of $5,000,000. Of the $2,660,049 increases in revenue, $1,486,750, reflects project reimbursements and grant funding that will be directly offset by corresponding expenditures, including the following: • $938,499 in funding from the SB 24-230 transit operational grant, described in detail above. • $400,000 reimbursement from East West for planning and legal costs incurred related to West Lionshead. • $89,702 re-appropriation for the DOLA Housing Capacity grant originally budgeted in 2024 and ongoing into 2026. This is an 80% matching grant. • $43,549 re-appropriation of the 2025-2026 High Visibility DUI Enforcement from the state originally budgeted in 2025 and ongoing into 2026. • $8,000 in reimbursements for recruiting costs to be performed for the Eagle River Fire Protection District in according with the Wildfire IGA approved by council at the March 3rd meeting. • $7,000 utilization of the police crimes fund towards initiatives carried out by the GRAINTE interagency drug task force. The remaining $1,173,344 increase in revenue includes the following: • $586,000 in collections from the Automated Speeding Enforcement Cameras. This offsets an increase in fees for this program of $239,180. Total net collections (including the camera lease fees already included the budget) for 2026 are conservatively projected at $298,000. Between November 2025 when the cameras were put in place, through the end of February, the Town has collected a net $73,922. • $285,616 roll-forward for wildland fire deployment reimbursements in 2025 that are still making their way through the state reimbursement process. All reimbursements for the prior year are typically received by June/July. • $271,328 increase resulting from the adjustment to the sales tax split between the General Fund to accommodate the Town’s match for the SB24-230 grant (additional detail is located above). • $28,400 in collections for chain law violations during the Spring. • $2,000 true-up of the management fees paid to the Town by the Vail Local Marketing District. Revenues have also been decreased by $5,000,000 to reflect the elimination of the planned repayment to from the Capital Projects Fund for loan for the Dobson Arena redevelopment based on project timing. The 2025 budget included an $8,000,000 transfer from the General Fund to the Capital Projects Fund, with the first $5,000,000 repayment scheduled for 2026. However, based on project cash flow timing, the transfer was not needed in 2025, and no funds were transferred. Accordingly, $3,000,000 of the original $8,000,000 loan has been reappropriated to expenditures in 2026 and will be repaid in full 2027 with Vail Reinvestment Authority Funds General Fund expenditures are proposed to increase by $13,594,735, offset by a decrease in expenditures of $15,018,610. $1,245,124 of the increased expenditures are related to the transit 156 - 4 - enhancements related to the SB24-230 grant described above, while another $760,183 represents expenditures that are fully or partially offset by the revenue items listed above. Another $3,327,929 represent re-appropriation of expenditures for ongoing projects, such as the $3,000,000 loan to the Capital Projects Fund for the Dobson Arena described above, and $237,929 for the ongoing neighborhood drainage master plan. The remaining $2,664,499 represents the following new requests and adjustments: • $125,000 for the Town’s portions of legal and consultant costs related to the potential implementation of a Downtown Development District in the West Lionshead area. This is offset by savings in 2025 in the Civic Area Master Plan. This was approved by the Town Council at the January 6th meeting. • $55,000 for the development and implementation of an internal management training and business development plans for the Town’s departments utilizing 2025 savings in contract services in the Human Resources department. This was approved by Council at the March 3rd meeting. • $7,000 for the purchase of training material and storage devices for the new explosives detection canine. • $4,400 for professional services to upload the Police Department’s standard operating procedures into the Lexipol policy management system. Of the decrease in expenditures totaling $15,018,610, $6,815,511 are budgetary reductions to addresses the shortfall in revenues experienced during this winter season and includes the following: • A net decrease in the transfer to other funds of $5,650,000 for the purchase of additional units at Timber Ridge. These units will instead be purchased by the Internal Employee Housing Fund to increase flexibility in rental options and offer an employee buydown purchase option. A total of $22,449,908 in funding is still committed to the purchase of Timber Ridge units Town-wide, however the $5,650,000 of funds will be paid from the Housing Fund, reducing the burden to the General Fund. • $599,274 reduction in General Fund departmental operational expenditures. • $196,462 reduction in Heavy Equipment charges realized through savings in the fleet department • $344,755 reduction in personnel expenditures achieved through managed vacancies through March and savings from unused vacation buyback funds. The remaining decreases in expenditures includes the following items: • A reduction of $60,000 in Housing Department operational expenditures for contract services related to a Deed Restriction compliance software. This expenditures has been moved to the Capital Projects Fund to allow the Town to license a software-solution for this purpose. This has no net-impact to the Town-wide budget. • A reduction in the special events funding transfer to the Vail Local Marketing District of $15,000 to reflect the absorption of extra-duty worked by police officers for the 4th of July event by the VLMD special events budget. The above adjustments to the General Fund 2026 budget result in an estimated fund balance of $66.4 million by the end of 2024, or 104% of annual revenues in a normal year however only $37.8M of that is availbale to spend above and beyond restricted amounts Capital Projects Fund 157 - 5 - Budgeted revenues will be adjusted by an increase of $10,498,152, offset by a decrease of $5,673,541. Of the decrease in revenue, $1,274,071 relates to decreases in revenue due to the economic conditions, while a decrease of $4,399,500 is related to the timing of Timber Ridge reimbursements. This reimbursement of this will be dependent upon sales. Of the increases in revenue, $7,219,210 are related to reimbursements and grants for capital projects originally budgeted and committed to in prior years but are being re-appropriated due to project timing. These revenues will be directly offset by re-appropriated project expenditures. These include: • A loan of $3,000,000 from the General Fund to facilitate the cash-funding of the Dobson Arena Redevelopment, to be repaid in 2027. The 2025 budget originally included a transfer in the amount of $8,000,000 for this purpose, with the first $5,000,000 installment to be repaid in 2026. Based on the timing of project cash-flows, the full amount was not needed in 2025. Accordingly, the first repayment of $5,000,000 has been eliminated from the expenditure budget. The General Fund will now just transfer $3.0M to the Capital Projects Fund in 2026 which will be reimbursed in full in 2027. • The second half of the Vail Recreation District’s contribution to the Dobson Arena redevelopment in the amount of $1,700,000. • A total of $1,897,829 utilization of the Holy Cross franchise fee and underground enhancement funds for the conversion of overhead electric lines to underground lines in conjunction with the planned fiber optic project. These funds are built-up over time and recognized when used towards applicable projects. • $524,313 Multi-Model Option Funds grant to be used towards the design of an expanded Mobility Hub at the Vail Transportation Center • $91,964 Multi-Model Option Funds grant to be used towards the continuing bollard infrastructure project • $5,104 for the remaining Colorado Energy Office grant towards the design of a Geothermal Energy District Additionally, this supplemental budget includes $3,278,942 in new one-time revenue sources. These include: • Staff is proposing to utilize $1,908,277 in deferred Traffic Impact fees on the Timber Ridge Bus Stop construction. Traffic Impact Fees are imposed on development to fund future transportation-related capital improvements needed to facilities the growth imposed by the development. The Town collects these fees during the development process and puts them aside until the design and construction of an appropriate project. This will utilize almost all of the deferred Traffic Impact Fee balance, which is approximately $1,920,000. • A $1,254,076 Clean Transit Enterprise state grant award for the purchase of an additional electric bus to support enhanced transit service. This partially offsets an expenditure increase of $1,675,000 for the acquisition of the additional bus. • A Colorado Charge Ahead grant award of $70,000 for the installation of electric vehicle charging stations included in the 2026 Energy Efficiency Upgrade package. This is offset by an increase in expenditures towards this project’s contingency. • Federal clean energy tax incentives totaling $46,589, reimbursing the Town’s investment in prior-year electric vehicle charging stations and pilot electric vehicle purchases. This by an increase in expenditures for additional contingency in the Energy Efficiency Upgrade package. Staff is requesting to supplement 2026 expenditures by a total of $53,214,909, offset by decreases in expenditures of $6,590,500. Of the decreases, $1,590,500 represents reductions and deferrals as a response to the revenue reductions, with an additional 158 - 6 - $5,000,000 decrease based on the timing of the loan from the General Fund for the Dobson Arena. Of this increase, $51,329,320 represents projects budgeted in 2025 but that have not yet completed/received such as the Dobson Arena Remodel ($33.4M), Holy Cross unground conversion in East Vail ($4.2M), Timber Ridge Transit Stop ($1.9M), and the placeholder for the replacement of snowmelt boilers upon failure ($1.6M). Please see the Capital Projects Fund statement for a full list of all re-appropriations. The remaining $1,885,589 increase in expenditures is for new requests/adjustments, of which $1,791,589 is fully or partially offset by new revenue sources as described above. The remaining requests and adjustments including the following: • $60,000 for a software to track and monitor deed restriction compliance. This is offset by an equal decrease in contract services in the General Fund housing department budget, and has no impact to Town-wide expenditures. • $22,500 for to true-up the budget for the Police Department’s Axon body-worn cameras. This was approved by Council in during the final supplemental of 2025 in December. • $11,500 to outfit an existing police department vehicle for usage by the new explosives detection canine. The budget reductions and deferrals identified by staff, totaling $1,590,500, include the following: • A reduction of $525,000 for parking structure maintenance. Staff believes the remaining budget of $1,888,319 is sufficient for 2026 based on the Town’s current long-term capital maintenance plan for the structures. • A deferral of $375,000 for the East Kinnickinnic bridge rehabilitation until 2027. Design is anticipated to proceed in 2026. • A deferral of $250,000 for a pilot installation of roundabout traffic counters in the Mail Vail roundabout until 2027. • A reduction of $160,000 in the contingency budget for the replacement of hybrid/EV bus batteries upon failure. Staff believes the remaining contingency of $200,000 is sufficient to cover potential failures during 2026 based on the number of buses coming out of the warranty period this year. • A deferral of $150,000 for the design of the Lionshead Structure east stair snowmelt system until 2027. Construction is anticipated to proceed in 2027 at a cost of $750,000. • A deferral of $126,000 the purchase additional anti-vehicle barriers until 2027. • A reduction in the storm drain labeling project to indicate drainage to the creeks of $4,500. A budget of $85,500 remains. All of the above adjustments will result in an estimated fund balance of $20.7 million by the end of 2026. Of that amount, $7.0 million is unrestricted by the minimum reserve requirement or debt obligations. Real Estate Transfer Tax (RETT) Fund Budgeted revenues will be adjusted by an increase of $576,135. The majority of this or $416,135 is for revenue reimbursements and grants originally budgeted and awarded in prior years but delayed due to project timing. These revenues will be directly offset by re- appropriated project expenditures. This includes: • $205,309 for the contribution from the Eagle River Water and Sanitation District towards the Dowd Junction Stabilization project. • $125,000 for the USFS grant for the Booth Creek Fuels Implementation 159 - 7 - • $75,000 for a contribution from the Evergreen Development towards the Middle Creek on TOV-owned land as required by the development process • $10,883 for the bear education grant from Colorado Parks and Wildlife The remaining $160,000 increase in revenue is related the amendment to the intergovernmental agreement with Eagle County for the wildfire mitigation and response program, approved by council at the March 3rd meeting. This directly offsets an equal increase in expenditures of $160,000 for the purchase of an additional wildland vehicle ($70,000), implementation of fuels reduction in the WRPP work area ($75,000), curbside chipping ($10,000), and small equipment ($5,000). Staff is requesting to increase expenditures by a total of $6,076,190, offset by a decrease in expenditures of $208,310. Of the increase in expenditures of which $5,830,017 represents projects and programs budgeted in 2025 but that have not yet completed. This includes the Gore Creek Promenade rehabilitation ($1.1M) TOV contribution to the replacement of Athletic Field restroom and concession building ($789.5K), and the replacement of the Ford Park turf field with a synthetic alternative ($450.0K). Please see the Real Estate Transfer Tax fund statement for a full list of all re-appropriations. Of the remaining $246,173 increase for new requests and adjustments, $160,000 are reimbursed by the new revenue sources detailed above. The remaining adjustments include the following: • $85,500 for the development of a recreation master plan to identify the current capacity and future needs as the community receives new residents upon completion of the various housing developments under construction. • A $1,173 adjustment to Heavy Equipment Charges for RETT fund departments based on a re-allocation of charges. The above adjustments will result in an estimated fund balance of $8.8 million at the end of 2025. Of that amount, $6.8 million is available above the minimum reserve requirement. Housing Fund Budgeted revenue will increase by $871,595, offset by a decrease of ($14,079,259) for the following items: • Re-appropriate $421,595 for the sale of the Pitkin Creek Park #3B unit purchased by the town in 2024. This unit was resold to the communityas a deed restricted unit in March of 2026. • $450,000 for the collection of Employee Housing Unit (EHU) credits payments in association with the Timber Ridge project. • A decrease in Housing Sales Tax collections of $(306,160). Please see the first section of this memo for additional detail. • A decrease in the transfer from the General Fund for community Timber Ridge unit purchases of $(13,773,099). The Housing fund will purchase $5,826,849 of units utilizing housing fund balance, Indeed Funds and BuyDown Funds. The remaining $$16,623,099 of units will instead be purchased by the Internal Employee Housing Fund utilizing $8.5M from the Capital Project Funds and $8,123,099 from the General Fund. This will allow those units to be utilized for both employee rentals and an employee buydown program currently being developed. 160 - 8 - Staff is also requesting to increase budgeted expenditures for re-appropriations in the amount of $5,084,355, offset by a decrease in expenditures of $8,123,099 for Timber Ridge units described above and a decrease of $15,308 for the 5% Housing Sales Tax collections fee paid to the General Fund. The re-appropriation requests include: • $1,389,222 for the placeholder for the purchase of buy-down housing units, to be resold to the community with a deed restriction. This factors in a $2.0 million reduction to allow housing funds to be utilized towards the purchase of Timber Ridge Units. • $975,645 for the Vail InDEED program. Total funding is proposed at $2.0M for 2026. This factors in a $3.0 million reduction to allow housing funds to be utilized towards the purchase of Timber Ridge Units. • $619,488 for the design of a housing development at the East Vail CDOT parcel. • $50,000 for the final payment of the opportunity fee at Residences at Main Vail. • $50,000 placeholder to explore a potential future housing development at the Eagle-Vail parcel, in collaboration with other entities. All of the above adjustments will result in an estimated fund balance of $161.7K by the end of 2026. Internal Employee Housing Rental Fund Budgeted expenditures will increase by $8,123,099 for purchases of additional units at Timber Ridge to allow for rental to internal employees until the Town makes a decision about the final purpose of these units. The placeholder for purchases of units from the Housing Fund has been decreased by an equal amount. It will be determined at a future date if these units may be retained in the internal housing pool, or sold back to the community. This increase in expenditures is offset an equal transfer from the General Fund, with no net impact to the Internal Employee Housing Rental Fund. The above adjustments will result in an estimated fund balance of $357.6K at the end of 2026. Dispatch Services Fund Budgeted expenditures are requested to increase by $1,652,317. Approximately half of this amount, $804,610, represents re-appropriation of ongoing capital projects. This includes the following: • $750,000 for the replacement of the Records Management System (RMS) • $97,449 for the Mobile Responder Command and Control tool • $23,384 for the ongoing analysis of the Dispatch Center’s structure, staffing, and tools The remaining increase in expenditures of $781,484 is for new requests and includes the following: • $781,226 for an upgrade to the AXS radio console. The current consolettes have reached end-of-life status, and the state has required that all infrastructure be upgraded by 2030. Proactively addressing these needs now will support operational continuity, maintain system reliability, and align our agency with both state requirements and regional upgrade timelines. The majority of this cost, or $766,226, will be reimbursed by the county 911 Authority Board. • An adjustment to Heavy Equipment Charges of $258 based on the Town-wide charge reallocation. 161 - 9 - The above adjustments will result in an estimated fund balance of $2,426,837 at the end of 2026. Heavy Equipment Fund Budgeted expenditures are proposed to increase by $1,158,139, offset by a reduction in expenditures of $196,462. The majority of the increase in expenditures, $824,000 is requested for vehicle replacements originally budgeted in 2025. Most vehicles budgeted for have been ordered and are awaiting delivery. The remaining increase in requested expenditures and revenues are related to the SB24-230 service enhancements as described in the beginning of this memo. The fleet budget has been reduced by $196,462 to address the decreases in revenue forecasts described at the beginning of this memo. This is offset by an equal decrease in heavy equipment operational charges from the General Fund, leading to the General fund which is realizing savings in the amount of $196,462. The above adjustments will result in an estimated fund balance of $3.0M at the end of 2026. Health Insurance Fund Revenues and expenditures have been increased by $173,506 to reflect the increased cost to the Town’s Health Insurance Plan for the 11.0 additional FTE’s being added to accommodate the increased Transit Service in association with the SB24-230 grant, as described above. The Health Insurance Fund is estimated to have a fund balance of $3.8M at the end of 2026. Timber Ridge Fund The Timber Ridge Fund reflects a net decrease in expenditures of $129,233 due to the following adjustments: • An increase in expenditures of $100,000 for a contingency for legal fees associated with the project. • A decrease in the interfund loan repayment to the General Fund of $(229,233) to reflect the actual loan amount received in 2025 ($20,115,596). 162 Proposed Variance 2024 2025 2025 Favorable /2026 1st Budget 2026 Actuals Amended Actuals (Unfavorable)Budget Supplemental Reductions Amended Notes Revenue -1.2% Local Taxes:42,177,661$ 42,064,000$ 43,606,691$ 1,542,691$ 42,337,800$ (2,638,797)$ 39,699,003$ Reduced sales tax collections ($2.0M) Sales Tax Split b/t Gen'l Fund & Capital Fund 59/41 62/38 60/40 62/38 63/37 - Sales Tax 25,326,999 26,330,000 26,330,000 - 26,539,800 271,328 (1,636,054) 25,175,074 Reduced sales tax collections allocated to GF ($1.5M) Property and Ownership 8,104,077 8,083,644 8,088,653 5,009 8,299,526 8,299,526 Ski Lift Tax 6,745,551 6,915,427 6,702,598 (212,829) 6,949,266 (909,625) 6,039,641 Reduced ski lift tax colections ($817.7K) Franchise Fees, Penalties, and Other Taxes 1,941,406 1,971,710 1,963,678 (8,032) 1,871,663 1,871,663 Licenses & Permits 3,588,339 3,451,625 3,570,625 119,000 3,512,761 3,512,761 Intergovernmental Revenue 4,046,161 4,371,847 4,550,365 178,518 3,677,926 1,275,664 (100,000) 4,853,590 SB-230 Transit Operating Grant ($938.5K); Re-appropriate remaining DOLA Housing Capacity Grant ($89.7K); Reduced county sales tax ($100.0K); Re- appropriate High Visibility DUI Enforcement Grant ($43.5K); Re-appropriate uncollected 2025 wildfire deployment reimbursements ($285.6K); Eagle County Wildfire IGA reimbursement for recruiting costs ($8.0K) Transportation Centers 9,439,942 10,275,496 10,064,384 (211,112) 10,507,979 (1,542,639) 8,965,340 Reduced parking collections ($1.0M) Charges for Services 1,381,615 2,060,185 2,006,967 (53,218) 1,990,877 2,000 (15,308) 1,977,569 True-up VLMD management fees ($2.0K); Reduced Housing Sales Tax collections fee (-$15.3K) Fines & Forfeitures 498,731 337,116 494,264 157,148 235,553 614,400 849,953 Estimated 2026 automated speed enforcement violations ($586.0K); Spring 2026 Chain Law Violation collections ($28.4K) Earnings on Investments 3,904,454 2,226,834 2,650,194 423,360 1,057,245 1,057,245 Rental Revenue 1,927,709 862,187 767,694 (94,493) 808,219 808,219 Miscellaneous and Project Reimbursements 215,527 160,400 218,582 58,182 230,353 7,000 237,353 Usage of PD forefeiture funds for GRANITE initiatives ($7.0K) Total Revenue 67,120,511 67,046,471 67,408,004 361,533 65,681,166 2,170,392 (4,203,626) 63,647,932 0.0% Expenditures Salaries 27,428,951 31,239,767 29,772,170 1,467,597 32,237,878 637,853 (242,379) 32,633,352 Increased personnel costs for SB-230 transit enhancements Benefits 8,437,878 9,752,729 9,326,346 426,383 10,239,633 192,335 (102,396) 10,329,572 Subtotal Compensation and Benefits 35,866,829 40,992,496 39,098,516 1,893,980 42,477,511 830,188 (344,775) 42,962,924 Contributions and Welcome Centers 220,828 836,551 810,523 26,028 359,451 359,451 Childcare Program Funding 282,999 551,000 213,694 337,306 529,583 529,583 All Other Operating Expenses 11,593,340 14,667,243 12,094,794 2,572,449 13,784,946 299,080 (599,274) 13,484,752 Estimated automated speeding violation fees ($239.2K); Shift budget for deed restriction compliance tool to Capital Projects Fund ($60.0K); Re-appropriate departmental business planning ($55.0K); Operational costs related to transit enhancements ($45.5K); Purchase of training supplies for explosives detection canine ($7.0K); Funding for GRANITE initiatives offset by usage of PD forefeiture funds ($7.0K) Heavy Equipment Operating Charges 2,918,585 3,600,248 3,262,577 337,671 3,929,247 369,436 (196,462) 4,102,221 Increased HEF operational charges for SB-230 expanded transit operations Heavy Equipment Replacement Charges 1,334,717 1,340,867 1,464,426 (123,559) 1,532,162 1,532,162 Dispatch Services 691,448 827,331 827,331 - 936,217 936,217 Total Expenditures 52,908,745 62,815,736 57,771,861 5,043,875 63,549,118 1,498,704 (1,140,511) 63,907,311 Surplus (Deficit) from Operations 14,211,765 4,230,735 9,636,143 5,405,408 2,132,049 671,688 (3,063,115) (259,378) TOWN OF VAIL 2026 PROPOSED AMENDED BUDGET SUMMARY OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE GENERAL FUND 163 Proposed Variance 2024 2025 2025 Favorable /2026 1st Budget 2026 Actuals Amended Actuals (Unfavorable)Budget Supplemental Reductions Amended Notes TOWN OF VAIL 2026 PROPOSED AMENDED BUDGET SUMMARY OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE GENERAL FUND Transit Route & Operations Planning (70,320) (19,880) (19,888) (8) - Utilize portion of contingency towards West Lionshead ($200) VLMD Transfer for Destination Stewardship Mgmt. Plan - - - Destination Stewardship Mgmt. Plan (43,209) (100,596) (92,958) 7,638 - Utilize funds towards water filling stations in RETT fund (-$60.0K) Civic Area Master Plan (244,257) (188,612) (29,663) 158,950 (25,000) - (25,000) Utilize savings in Civic Area Master Plan towards permitting software implementation (-$40.2K) West Vail Master Plan - (150,000) - (25,000) (25,000) West Lionshead Master Plan-TOV (20,000) (131,000) (130,094) 906 (125,000) (125,000) Utilize portion of contingency towards West Lionshead ($1.0K) West Lionshead Master Plan Reimbursements 400,000 400,000 West Lionshead Master Plan (400,000) (400,000) Neighborhood Drainage Master Plan - (350,000) (112,071) 237,929 (237,929) (237,929) Housing Capcity Grant 159,125 46,123 (113,002) 89,702 89,702 Housing Capacity Initiatives (159,125) (46,123) 113,003 (113,003) (113,003) Re-allocate portion of grant expenditures to CPF for permitting software implementation (-$100.0K) Code Modernization Plan - - (100,000) (100,000) Contingency - (48,800) - 48,800 - Utilize portion of contingency towards West Lionshead and Transit Route Planning (-$1.2K) Contributions Funded with Reserves ECO Trail- Eagle Valley Trail Contribution (Minturn)(100,000) - Net Increase /(Decrease) due to One- Time Items: (477,786) (988,888) (384,673) 604,215 (150,000) (386,230) - (536,230) Transfer (to)/from Marketing & Special Events Fund (1,745,858) - Transfer (to)/from VLMD for Special Events - (2,522,299) (2,044,135) 478,164 (2,667,500) 15,000 (2,652,500) RETT repayment for Booth Heights Legal Fees 945,247 - - Transfer to Capital Projects Fund for Dobson Renovation (CPF Loan)(8,000,000) - 8,000,000 5,000,000 (8,000,000) (3,000,000) Transfer from RETT for Destination Stewardship - - - Transfer (to) RETT for Destination Stewardship (2,976) (70,010) (70,010) - - Transfer Destination Stewardship funds to RETT for bottle filling station installations ($60.0K) Transfer (to)/from Housing Fund (Community TR Unit Purchases)- - (13,773,099) 13,773,099 - Transfer to Internal Employee Housing Fund (TR Unit Purchases)(8,123,099) (8,123,099) Transfer (to)/from Other Funds (Other)(554,825) - Timber Ridge Transfer to TR for Redevelopment (Loan to TR)(20,115,596) (229,233) - 229,233 20,344,829 (229,233) 20,115,596 $20.3M Loan for TR units Middle Creek Redevelopment (Transfer to HF)- Surplus (Deficit) Net of Transfers and One-Time Items (7,740,028) (7,579,695) 7,137,324 10,886,279 (7,928,775) 2,586,885 5,544,389 Beginning Fund Balance 61,440,888 53,700,860 53,700,860 46,169,876 60,838,184 Ending Fund Balance 53,700,860$ 46,121,164$ 60,838,184$ 57,056,155$ 66,382,573$ As % of Annual Revenues 80%69%90%87%104% Reserved/Restricted Fund Balances Reserve Minimum Requirement (25% of Revenues)16,780,128 16,256,489 16,256,489 16,420,292 (508,309) 15,911,983 Parking Capital Reserve - 6,230,000 6,230,000 8,230,000 8,230,000 Employee Homeownership Program (EHOP) Balance 1,621,907 2,121,907 2,121,907 2,121,907 36,574 2,158,481 Childcare Program Reserve funded by Tobacco Tax 2,032,179 2,032,179 2,289,571 2,289,571 2,289,571 Total Ending Reserved Fund Balances 20,434,214 26,640,575 26,897,967 29,061,769 28,590,035 Ending Fund Balance- Available 33,266,646$ 19,480,589$ 33,940,217$ 27,994,386$ 37,792,538$ 164 TOWN OF VAIL 2026 PROPOSED AMENDED BUDGET SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE CAPITAL PROJECTS FUND Variance Proposed 2025 2025 Favorable /1st Budget 2026 Amended Actuals (Unfavorable)2026 Supplemental Re-Appropriations Reductions Amended Description Revenue Total Sales Tax Revenue:42,064,000$ 43,606,691$ 1,542,691$ 42,337,800$ (2,638,797)$ 39,699,003$ 2026: Flat, with adjustments for anticipated redevelopment impacts Sales Tax Split between General Fund & Capital Fund 62/38 60/40 62/38 63/37 Sales tax split 62/38 Sales Tax - Capital Projects Fund 15,984,000 17,276,691 1,292,691 16,088,000 (271,328) (1,002,743) 14,813,929 Use Tax 2,502,000 2,424,403 (77,597) 2,502,000 2,502,000 2026: Based on three-year average, with no major developments included at this time Traffic Impact Fee - - - - 1,908,277 1,908,277 2026: Utilize deferred traffic impact fees towards Timber Ridge Bus Stop ($1.9M) Franchise Fee 1,123,392 - (1,123,392) - 1,123,392 1,123,392 2025: Utilization of 1% Franchise Fee for Holy Cross underground utilities project ($1.1M); 2026: Re- appropriate utilization of 1% franchise fee for Holy Cross underground utilities project ($1.1M) Federal Grant Revenue 1,613,760 1,613,760 - - 46,589 46,589 2025: Federal Grant #24-HTR0ZL00250 for purchase of two buses ($1.6M) 2026: Federal energy tax credits towards prior-years EV charger EV pilot projects; Utilize funds to increase contingency for energy efficiency performance contract ($46.6K) Other State Revenue 1,171,964 550,583 (621,381) 1,781,507 1,329,180 616,277 3,726,964 2025: MMOF Grant towards Mobility Hub Design ($750.0K); CO Energy Office Geothermal Design Grant ($250.0K); MMOF Grant toward Bollards ($92.0K); CDOT Grant towards 3 electric bus chargers ($154.1K); Eliminate Reappropriation of CDOT #22-HTR-ZL-011 Received in 2024 (154.0K); 2025: DOLA Housing Capacity Grant utilized towards permitting software ($80.0K); 2026: State GeoX System Tax Credit ($1.8M); 2026: State Clean Energy Enterprise grant towards electric bus ($1.3M); Re-appropriate MMOF Grant towards Mobility Hub Design ($524.3K);Re-appropriate MMOF Grant toward Bollards ($92.0K); Colorado Charge Ahead grant towards EV charges in EPC; Utilize funds to increase contingency for energy efficiency performance contract ($70.0K) Re-appropriate CO Energy Office Grant towards Geothermal Design ($5.1K) Lease Revenue 172,270 168,826 (3,444) 172,270 172,270 Per Vail Commons commercial (incr. every 5 years) Project Reimbursement- TR Land Reimbursement - - 4,399,500 (4,399,500) - 2026: Timber Ridge Land Reimbursement ($4.4M); Defer Timber Ridge Land Reimbursement to 2027 Project Reimbursement 774,437 32,498 (741,939) - 774,437 774,437 2025: Utilization of HCE Funds for Underground Utility Project with Holy Cross ($774.4K); 2026: Reappropriate utilization of HCE Funds for Underground Utility Project with Holy Cross ($774.4K) Misc - 11,542 11,542 - - Donations - - 9,000 9,000 2026: Utilization of Friends of Library Donations towards Game Table ($9.0K) Timber Ridge Loan repayment 462,909 55,379 (407,530) 3,488,184 3,488,184 2026: Full repayment of remaining balance of 2013 loan from the Capital Projects Fund to the Timber Ridge Fund ($3.5M) Earnings on Investments and Other 1,611,957 1,823,341 211,383 139,000 139,000 2026: 2.5% return assumed Total Revenue 25,416,689 23,957,023 (1,459,666) 28,579,461 (1,386,782) 2,514,106 (1,002,743) 28,704,042 Expenditures Facilities Facilities Capital Maintenance 430,000 278,517 151,483 360,000 360,000 Annual repair and maintenance costs of Town-owned facilities. 2026 includes: -Fire Station Upkeep ($97.5K) -Library Hot Water Heater & Fire Panel Replacement ($17.8K) -Transit Cetner Upkeep ($50.0K) -Public Work Shops Garage Door & Window Replacements ($45.0K) -Miscellaneous Facility R&M ($150.0K) Municipal Complex Maintenance 702,788 435,015 267,773 - 394,271 394,271 Annual repair and maintenance cost of Municipal Complex including the Police Department 2026: Re-appropriate funds towards ongoing Municipal Complex maintenance ($267.7K); Repurpose 2025 savings in general facilities maintenance towards PD Rooftop HVAC units ($126.5K) Building Energy Enhancement Projects 75,000 - 75,000 - - 2025: Efficiency enhancements in Town building, pending results of 2024 Energy Audit ($75.0K) Public Works Building Maintenance - - - 100,000 100,000 2026: Placeholder for Public Works Building roof rehabilitation/repairs ($100.0K) Public Works Specialty Equipment 30,000 29,105 895 - - 2025: Purchase of Sign Shop Printer ($30.0K) Welcome Center/Grandview Capital Maintenance 25,000 - 25,000 25,750 25,750 Placeholder for annual capital maintenance of Welcome Center and Grandview Room Welcome Center display upgrades - - - 150,000 150,000 2026: Placeholder for routine updates to Welcome Center Displays $150.0K Purchase of Employee Rental Units 2,046,641 2,042,204 4,437 - - 2025: Purchase of Hamlet Townhome Unit #3 ($2.1M); All Future purchases of employee units will be reflected in the Internal Housing Fund Geothermal Energy System 1,843,096 394,896 1,448,200 - - Utilize placeholder for Geothermal Energy System towards the 2026 Energy Performance Contract which includes the first Geothermal Node ($1.5M) budgeted below 165 TOWN OF VAIL 2026 PROPOSED AMENDED BUDGET SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE CAPITAL PROJECTS FUND Variance Proposed 2025 2025 Favorable /1st Budget 2026 Amended Actuals (Unfavorable)2026 Supplemental Re-Appropriations Reductions Amended Description Energy Efficiency Performance Contract - - - 9,123,235 116,589 8,043 9,247,867 2026: Energy efficiency upgrade package - Includes the following measures: -Geothermal Energy Node/Borefield at Library & Dobson Ice Arena (Ground Source Heat Pump) -Parking Structure LED Fixtures -Solar Systems and Battery Storage at Library and Donovan Pavilion -17 Level 2 EV Charging Stations at Donovan Park Pavilion, Ford Park, Stephen's Park, Public Works, and Vail Golf Clubhouse -Snowmelt and Facility Heating Control upgrades -Other miscellaneous items such as window & insulation upgrades and fire pit flame reductions 2026: Increased project contingency utilizing prior year federal tax credits ($46.6K) and Colorado Charge Ahead Grant ($70.0K); Utilize 2025 savings in Building Energy Enhancements towards additional project contingency ($8.0K); Snowmelt Boilers Replacement 1,895,594 20,320 1,875,274 - 1,655,274 1,655,274 2026: Roll-forward placeholder for routine replacement of snowmelt boilers with like-equipment; May be necessary depending on financial and technical feasibility and timing of the Geothermal Energy District currently under exploration ($1.7M) Arrabelle Snowmelt Boilers 190,000 - 190,000 - 410,000 410,000 2025: Placeholder for Arabelle Boiler Replacement - Shared cost managed by Vail Resorts ($190.0K); 2026: Re-appropriate funds towards Arabelle Boiler Replacement - Shared cost managed by Vail Resorts ($190.0K); Re-purpose general snowmelt boiler replacement placeholder towards increased cost of Arabelle upgrades based on Town's share of usage and total project cost ($220.0K) Donovan Pavilion Remodel 109,500 - 109,500 25,000 25,000 2025: Main Floor refinishing/resealing ($35.0K); Walk-behind floor buffer/sweeper ($10.0K); Furniture Replacements ($14.5K); Capital maint contingency ($50.0K) 2026: Placeholder for annual Capital Maintenance at Donovan Park Pavilion ($25.0K) Mountain Plaza Elevator Renovation 100,000 - 100,000 - 100,000 100,000 2025: Placeholder for Mountain plaza elevator renovation (shared cost with Vail Resorts) 2026: Re-appropriate placeholder for Mountain Plaza elevator renovation (shared cost with Vail Resorts - $100.0K) Vail Mobility Hub Expansion 1,500,000 476,299 1,023,701 - 1,310,400 1,310,400 2025: Design of Vail Mobility Hub Expansion, offset by $750K MMOF match grant included in state reimbursements above ($1.5M) 2026: Re-appropriate funds for design of Vail Mobility Hub Expansion, 50% reimbursed by MMOF grant ($1.0M); Utilize savings in streets maintenance and parking structure maintenance towards design of Vail Mobility Hub Expansion ($275.0K) Fire Sprinkler Upgrades at Bus Barn 1,048,791 35,576 1,013,215 - 1,013,215 1,013,215 2025: Bus Barn fire sprinkler upgrades $1.0M 2026: Re-appropriate ongoing Bus Barn fire sprinkler upgrades ($1.0M) Public Works Shops Expansion 18,058 - 18,058 - - 2025: Architectural feasibility and planning for identified phase two expansion opportunities ($18.0K) Total Facilities 10,014,468 3,711,932 6,302,536 9,783,985 116,589 4,891,203 - 14,791,777 Parking Parking Structures 2,914,577 1,701,510 1,213,067 1,275,000 1,138,319 (525,000) 1,888,319 Various annual repairs including deck topping replacement, expansion joint repairs, ventilation, HVAC, plumbing and other structural repairs 2025 includes: -Placeholder for beautification at Vail Transit Center ($200.0K) -Re-appropriate funds towards priority structural repairs/rehab as identified in the study ($717.6K); -Additional funding towards priority structural repairs/rehab as identified in the study ($500.0K) 2026: Re-appropriate funds towards ongoing structural rehabilitation ($1.1M) Reduce parking structure maintenance budget based on current rehabilitation timeline ($-525.0K) Lionshead Structure East Stair Snowmelt - - - 150,000 (150,000) - 2026: Design of Lionshead Structure east stair snowmelt ($150.0K) 2026: Defer Lionshead Structure East Stair Snowmelt design to 2027 (-$150.0K) 166 TOWN OF VAIL 2026 PROPOSED AMENDED BUDGET SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE CAPITAL PROJECTS FUND Variance Proposed 2025 2025 Favorable /1st Budget 2026 Amended Actuals (Unfavorable)2026 Supplemental Re-Appropriations Reductions Amended Description Parking Entry System / Equipment 353,214 159,390 193,824 85,000 193,824 278,824 Ongoing Parking Entry System capital repair and maintenance 2025 Parking system replacement costs, including subscription recognized over 5-years ($233.2K); Ongoing parking replacement equipment purchases for damaged items ($55.0K); Shift parking maintenance budget from GF for accounting consistency ($50.0K); Parking pass system buildout for summer passes ($15.0K) 2026: Re-appropriate funds for remaining parking system replacement costs, including subscription recognized over 5-years ($169.3K); Re-appropriate ongoing replacement of damaged parking equipment ($24.6K) Red Sandstone Parking Structure 40,000 - 40,000 50,000 50,000 2026: Placeholder for routine capital maintenance at Red Sandstone Parking Structure ($50.0K) Total Parking 3,307,791 1,860,899 1,446,892 1,560,000 - 1,332,143 (675,000) 2,217,143 Transportation Bus Shelters 50,000 1,377 48,623 405,000 48,623 453,623 Annual Bus Shelter Maintenance ($30.0K) 2025: Add solar lighting to existing shelters ($20.0K) 2026: Design and Construction Bus Shelter at Vail Run Stop ($375.0K); Utilize 2025 savings in bus shelter maintenance towards Vail Run Bus Stop ($48.6K) Bus Stop Amenities - - - 50,000 50,000 2026: Add bus stop amenities at locations throughout Town without shelters (concrete pads, benches, etc.) Timber Ridge Transit Stop 1,908,277 - 1,908,277 - 1,908,277 1,908,277 2025: Construction of a transit stop at the new Timber Ridge housing development ($1.9M) 2026: Re-appropriate construction of a transit stop at the new Timber Ridge housing development ($1.9M) Replace Buses 2,139,050 2,097,656 41,394 - 1,675,000 1,675,000 2025: $2.1M for two electric buses which are still awaiting delivery 2026: Electric bus purchase to support service enhancements ($1.7M); Partially offset by $1.3M state grant Hybrid / Electric Bus Battery Replacement - - - 360,000 (160,000) 200,000 2026: Placeholders for scheduled replacement of batteries in Hybrid and Electric buses 2026: Reduce placeholder for bus battery replacement based on warranty schedule and battery life (-$200.0K) Bus Camera System - - - 320,000 320,000 2026: Replace current fleet of 33 buses with updated camera surveillance system. In 2026 the camera system will be 11 years old and reaching end of life ($320.0K) Car Share Program Infrastructure 117,675 - 117,675 - - 2025: Purchase of two vehicles ($100K) for car share program; upgrades to Electric Chargers ($17.7K) for implementation of Car Share program Total Transportation 4,215,002 2,099,033 2,115,969 1,135,000 1,675,000 1,956,900 (160,000) 4,606,900 Road and Bridges Capital Street Maintenance 1,660,000 1,367,220 292,780 1,560,000 (4,500) 1,555,500 Annual Capital Maintenance of Town-maintained streets; 2026 includes: -Labeling of all Town-owned Storm Drains to indicate drainage to the Creek ($90.0K) -Surface Sealing ($285.0K) -Asphalt Mill & Overlay ($450.0K) -Drainage Improvement ($110.0K) 2026: Reduce storm drain labeling cost (-$4.5K) Street Light Improvements 515,000 - 515,000 80,000 515,000 595,000 Annual Town-Wide street light replacement ($80.0K); 2025: Re-appropriate funds towards neighborhood street light replacements ($440.0K) 2026: Re-appropriate funds towards delayed neighborhood street light replacements ($515.0K) Neighborhood Bridge Repair 408,036 363,090 44,946 500,000 44,946 (375,000) 169,946 2025: Ongoing bridge scour mitigation project at Chamonix Rd ($408.0K) 2026: Kinnikinnick east bridge rehabilitation ($500.0K) 2026: Re-purpose savings in Chamonix Rd bridge scour project towards design for repairs to the East Kinnikinnick bridge ($44.9K); Defer East Kinnickinick bridge construction to 2027 (-$375.0K) Seibert Fountain Improvements 27,082 - 27,082 100,000 100,000 2025: Utilize 2024 savings from circulation pump replacement not implemented towards repairs to the drain lines in the equipment vault to prevent flooding ($27.1K) Roundabout Lighting Project 488,939 - 488,939 - 488,939 488,939 2025: Lighting project at Town Center ($488.9K); 2026: Re-appropriate funds towards Town Center Roundabout Lighting project (488.9K) Traffic Counters - - - 250,000 (250,000) - 2026: Roundabout Traffic Counters ($250.0K); Defer roundabout traffic counters to 2027 (-$250.0K) 167 TOWN OF VAIL 2026 PROPOSED AMENDED BUDGET SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE CAPITAL PROJECTS FUND Variance Proposed 2025 2025 Favorable /1st Budget 2026 Amended Actuals (Unfavorable)2026 Supplemental Re-Appropriations Reductions Amended Description Neighborhood Road Reconstruction 1,553,694 759,537 794,157 100,000 794,157 894,157 2025: Meadow Dr culvert lining, Black Gore Dr culver replacements, and Meadow Dr/Meadow Ln drainage improvements design ($1.6M) 2026: Design of Vail Road/Vail Valley Drive Bike Lanes & Sidewalks ($100.0K) 2026: Re-appropriate funds towards ongoing East Vail improvements and as contingency for additional projects resulting from Vail Drainage Master Plan ($794.2K) South Frontage Road Pedestrian Improvements 250,000 47,934 202,066 - 202,066 202,066 2025: Design of pedestrian improvements on the South Frontage Road (paved bike lanes/shoulders, sidewalk sections) between W LH Circle and E LH Circle, and Donovan to Westhaven ($250.0K) 2026: Re-appropriate design of W LH to E LH Circle pedestrian improvements along the South Frontage Road ($202.1K) Vail Village Streetscape/Snowmelt Repair 900,000 234,306 665,694 - - 2025: Vail Village snowmelt repairs with a reduced scope ($900.0K) Lionshead Streetscape/Snowmelt Replacement (VRA)50,000 - 50,000 - - 2025: Contingency for snowmelt repairs ($50.0K) Total Road and Bridge 5,852,751 2,772,087 3,080,664 2,590,000 - 2,045,108 (629,500) 4,005,608 Technology Town-wide camera system 80,000 39,637 40,363 60,000 60,000 Annual maintenance of Town-wide camera system 2025: Utilize 2024 savings in routine camera maintenance towards placeholder for installation of cameras Audio-Visual capital maintenance 100,000 69,966 30,034 50,000 50,000 Annual maintenance of hardware set to support internal and external meeting spaces ($50.0K) 2025: Update of A/V systems in Council Chambers, Grandview/Library/Community room/Donovan A/V systems; Replacement cycle every 3-5 years ($100K) Cybersecurity 140,000 114,984 25,016 172,500 172,500 Annual Investment in cybersecurity, to keeps up with the ongoing changes that are required to maintain a safe and secure computing environment; Includes annual fees for security programs Software Licensing 995,135 940,732 54,403 1,280,778 1,280,778 Annual software licensing and support for town wide systems (3% Annual Increase) 2025: UbiPark annual fees - implemented Fall 2024 ($36.0K) Hardware Purchases 100,000 102,681 (2,681) 100,000 100,000 Workstation replacements (20-25 per year) Website and e-commerce 75,000 48,373 26,627 70,000 70,000 Annual website maintenance (3% Annual Increase) Fiber Optics / Cabling Systems in Buildings 769,949 88,562 681,387 75,000 136,438 211,438 Repair, maintain & upgrade cabling/network Infrastructure ($75.0K) 2025: Ongoing design of redundant Fiber Optic paths in the Town ($719.9K) 2026: Re-appropriate funds towards smaller sections of redundant fiber optics in Town ($16.4K) Network upgrades 140,000 112,578 27,422 150,000 150,000 Computer network systems - replacement cycle every 3-5 years ($150K) Data Center (Computer Rooms)150,000 68,119 81,881 100,000 100,000 Annual data center maintenance ($150K) Broadband (THOR)115,000 114,689 311 118,450 118,450 Annual Broadband Expenses (3% Annual Increase) Business Systems Replacement 1,705,671 1,163,232 542,439 175,000 60,000 542,439 777,439 2025: Placeholder for Human Resources/Enterprise Information System ($120.0K); Employee Housing Unit compliance software ($35.0K); Re-appropriate funds for ongoing Budget Software Implementation ($18.0K); Strategic Planning Milestone tracking software ($49.9K); Parking data reporting software ($17.3K); $150.0K increase in HR/Enterprise IS system to include replacement of the payroll system; Increase in HR/Payroll system cost ($1.1M); Com Dev Permitting Software, partially offset by DOLA local capacity planning grant ($140.2K) 2026: Finance Paperless A/P Software Implementation ($35.0K) 2026: Internal Employee Housing Software Implementation ($40.0K) 2026: Contingency for other Business System Replacements, potentially including expanded cost of Housing compliance software ($100.0K) 2026: Re-appropriate ongoing Human Resources/Payroll Information System implementation ($439.0K); Re-appropriate funds towards parking system windows 11 upgrade ($30.0K); Re- appropriate funds towards final budget system implementation costs ($13.4K); Re-appropriate funds towards Com Dev permitting software ($9.2K); Re-appropriate contingency for system implementation costs ($60.7K); Shift budget for deed restriction compliance software from General Fund to be used towards a town-licensed software ($60.0K) Total Technology 4,370,755 2,863,553 1,507,202 2,351,728 60,000 678,877 - 3,090,605 Public Safety 168 TOWN OF VAIL 2026 PROPOSED AMENDED BUDGET SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE CAPITAL PROJECTS FUND Variance Proposed 2025 2025 Favorable /1st Budget 2026 Amended Actuals (Unfavorable)2026 Supplemental Re-Appropriations Reductions Amended Description Public Safety IT Equipment 75,000 31,251 43,749 100,000 100,000 Annual Maint/Replacement of PD IT Equipment including patrol car and fire truck laptops and software used to push information to TOV and other agencies; TOV portion of annual Intergraph software maintenance Public Safety Equipment 302,594 296,902 5,692 368,908 34,000 (126,000) 276,908 Annual licensing/maintenance costs for Axon Body-Worn Camera Equipment ($102.0K), Flock License Plate Readers ($15.0K), and Axon Artificial Intelligence ($83.5K) 2025: Purchase of Skydio X10 Drones ($48.4K) 2026: Anti-Vehicle Barriers ($135.0K) 2026: Explosives Detection Canine ($16.5K) 2026: Defer purchase of additional anti-vehicle barriers (-$126.0K); True-up Axon body-worn camera contract ($22.5K); Outfit existing police vehicle for explosives detection canine ($11.5K) Fire Safety Equipment 45,000 44,724 276 55,680 55,680 2025: Knox Box System Replacement/Upgrade ($45.0K): Drone Expansion ($16.0K); Extrication Equipment ($35.0K) 2026: Extrication Equipment ($40.0K); Placeholder for purchase of thermal imaging cameras ($15.7K) Radio Equipment replacement/expansion 1,020,000 24,698 995,302 - 995,302 995,302 2025: Radios for PW, PD and Fire (approximately every 5 years) ($1.0M); 2026: Re-appropriate ongoing town-wide radio replacement ($995.3K) Fire Truck Replacement 69,285 19,826 49,459 - - 2025: Enforcer Aerial Ladder Truck Upfitting ($69.3K) Total Public Safety 1,511,879 417,401 1,094,478 524,588 34,000 995,302 (126,000) 1,427,890 Community and Guest Service Children's Garden of Learning Capital Maintenance 32,248 - 32,248 - - - 2025: West Side Siding replacement due to warping from weather exposure utilizing 2024 savings in gutter/heat tape replacement ($32.2K) Energy Enhancements 192,872 51,028 141,844 - - - 2025: Installation of EV stations to meet increased demand ($130.0K); Utilize 2024 savings in new charger installations towards upgrading existing Level 2 Wiring and addition of Tesla chargers to Level 3 stations in Lionshead Parking Structure ($62.9K); Utilize savings in 2025 deferred projects towards Energy Performance Contract which includes installation of new EV chargers (-$157.0K) Pedestrian Safety Enhancements 566,213 475,017 91,196 250,000 91,196 341,196 2025: Design of Pedestrian improvements through Main Vail Underpass ($200.0K); Re-appropriate funds towards RFP Crossing near Safeway to be constructed this year ($366.2K) 2026: Design of Pedestrian Improvements through Main Vail Underpass ($250.0K) 2026: Re-appropriate funds towards Main Vail Underpass improvements ($91.2K) Bollard Installation Project 389,747 281,523 108,224 150,000 108,224 258,224 2025: Bollard installation project partially offset by MMOF Grant funding ($389.7K) 2026: Design of Future Bollard Installation in Villages 2026: Re-appropriate funds towards ongoing Ford Park Bollard pilot, partially offset by MMOF Grant funding ($108.2K) Underground Utility improvements 4,181,558 - 4,181,558 - 4,181,558 4,181,558 2025: Underground HCE from Main Vail to East Vail in conjunction with fiber conduit scheduled to begin in 2025 ($4.2M); 2026:Re-appropraite funds towards ongoing Holy Cross underground utility conversion in East Vail ($4.2M) Land Safety Improvements (Rockfall Mitigation)2,040,000 1,116,149 923,852 - 923,852 923,852 2025: Rock fall mitigation on Town-owned land on the northside of Lionsridge Loop near Timber Ridge and Lionsridge housing sites 2026: Re-appropriate funds towards ongoing rockfall fencing installation on north side of Lionsridge Loop (section behind Lionsridge housing - ($923.9K) Guest Services Enhancements/Wayfinding 717,413 29,882 687,531 100,000 687,531 787,531 2025: ongoing replacement of damaged signs (21.9K); Ongoing installation of new signage to guide guests to available parking ($695.5K) 2026: Placeholder for replacement of worn/outdated wayfinding signage ($100.0K) 2026: Re-appropriate funds towards parking signage enhancements to guide guests to available parking ($695.5K); Re-appropriate funds towards routine wayfinding signage replacement ($22.0K) Library Capital Equipment - - - 9,000 9,000 2026: Library Game Table (Offset by Friends of Library Donations) ($9.0K) 169 TOWN OF VAIL 2026 PROPOSED AMENDED BUDGET SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE CAPITAL PROJECTS FUND Variance Proposed 2025 2025 Favorable /1st Budget 2026 Amended Actuals (Unfavorable)2026 Supplemental Re-Appropriations Reductions Amended Description Vehicle Expansion 110,974 95,279 15,695 452,645 452,645 2025: Vehicle for Deputy Chief of Community Risk Reduction position (added in 2024); Upfitting of two PD take-home expansion vehicles ($46.0K) 2026: Three additional take-home Police Vehicles to meet operational needs ($276.0K) 2026: Two Code Enforcement pickup trucks to allow for ongoing parking enforcement activities during periods in which Sign Trucks are in use (126.7K) 2026: Pickup Truck for proposed Building Maintenance Specialist Position ($50.0K) Total Community and Guest Service 8,231,025 2,048,877 6,182,148 961,645 - 5,992,361 - 6,954,006 Total Expenditures 37,503,671 15,773,783 21,729,888 18,906,946 1,885,589 17,891,894 (1,590,500) 37,093,929 Dobson Financing Sources/(Uses) Transfer Fund Balance from RETT 5,747,149 5,747,149 - - - 2025: Transfer Dobson maintenance budget from RETT 5 year plan; Reduce funds available for transfer used for repairs completed in 2024 ($15.4K); Increase transfer from RETT for Dobson Arena Redevelopment ($5.0M) Transfer from General Fund 8,000,000 - (8,000,000) (5,000,000) 5,000,000 3,000,000 3,000,000 2025: Transfer from General Fund for Dobson Arena Redevelopment 2026: Partial Repayment of Repayment of Dobson Arena loan from General Fund ($5.0M) 2026: Reduce Loan needed from GF from $8.0M to $3.0M fir Dobson Arena redevelopment based on project cash flow timing; $3.0M Loan will be paid back in 2027 Vail Recreation District Contribution 3,400,000 1,700,000 (1,700,000) - 1,700,000 1,700,000 2025: Contribution from VRD towards Dobson Redevelopment ($3.4M); 2026: Re-appropriate remaining VRD contribution towards Dobson (paid upon completion - ($1.7M) Transfer from Vail Reinvestment Authority 15,484,572 15,484,572 - 6,242,691 6,242,691 VRA will reimburse the CPF for Dobson Redev expenditures. Total reimbursement expected by 2030 2025: VRA for Dobson Redevelopment ($15.5M); 2026: Repayment from VRA for Dobson Redevelopment ($6.2M) Dobson Redevelopment (52,091,906) (18,654,480) 33,437,426 - (33,437,426) (33,437,426) 2025: Dobson redevelopment $52.1M; Total Project Budget $55.4M 2026: Re-appropriate funds towards ongoing Dobson arena redevelopment ($33.4M) Total Net Dobson Financing Sources/(Uses)(19,460,185) 4,277,241 23,737,426 1,242,691 5,000,000 (28,737,426) - (22,494,735) Southface Certificates of Participation Source/(Uses) West Middle Creek COP Proceeds 65,308,920 65,308,920 - - - Recognize revenues and expenditures related to the issuance of Fiscal Agent (Arbitrage Compliance)- (2,000) (2,000) Arbitrage Compliance required per bond issuance Unrealized Gain/(Loss)107,229 107,229 - Interest Earned on COPs 2,726,590 126,559 (2,600,031) - 80,000 80,000 Certificates of Participation for the Southface project, and transfer of Discount on Bond Proceeds (186,307) (186,307) (0) - - funds to Vail Home Partners for development Costs of Issuance and Compliance (292,834) (277,255) 15,579 - - Cost of COP issuance Debt Service Payments (1,821,680) (1,821,679) 1 (3,433,531) (3,433,531) Southface debt payments utilizing reserved fund balance from bond issuance Transfer to Vail Home Partners (57,225,359) (55,145,241) 2,080,118 - - COP funds transferred to Vail Home Partners for Southface development Southface COP Sources/(Uses)8,509,330 8,112,227 (397,104) (3,433,531) 78,000 - - (3,355,531) Excess Bond Proceeds are restricted for capitalized debt payments in the fund balance Other Financing Sources/(Uses) PW Shops Debt Service Payment (1,158,298) (1,157,048) 1,250 (1,156,490) (1,156,490) PW Shops Debt Service Payment PW Shops Fiscal Agent Fees (500) (500) - Transfer to Internal Employee Housing Fund (52,631) - 52,631 (8,500,000) (8,500,000) 2025: Transfer to IEHRF for incomplete remodel projects on new units from 2024, including Buffehr Creek Unit window replacements ($52.6K) 2026: Transfer to IEHRF for purchase of Timber Ridge Units to be rented to TOV employees ($8.5M) Transfer to Housing Fund (2,500,000) (2,500,000) - (1,000,000) (1,000,000) Annual appropriation towards community housing projects (Transfer to Housing Fund) Transfer to W. Middle Creek for start-up Operations - - - - Transfer $5.0M To West Middle Creek for first several years of operations Transfer to Housing Fund (W. Middle Creek Loan)(5,565,600) (4,525,520) 1,040,080 3,151,660 3,151,660 Loan to HF for W. Middle Creek (Increase total to $10.0M Previously in GF); Decrease loan to Housing Fund for W. Middle Creek (-$4.5M) reimbursed by bond proceeds Total Other Financing Sources/(Uses)(9,276,529) (8,183,068) 1,093,461 (7,504,830) - - - (7,504,830) Revenue Over (Under) Expenditures (32,314,366) 12,389,640 44,704,006 (23,155) 1,805,629 (44,115,214) 587,757 (41,744,983) Beginning Fund Balance 50,037,289 50,037,289 21,084,588 62,426,930 170 TOWN OF VAIL 2026 PROPOSED AMENDED BUDGET SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE CAPITAL PROJECTS FUND Variance Proposed 2025 2025 Favorable /1st Budget 2026 Amended Actuals (Unfavorable)2026 Supplemental Re-Appropriations Reductions Amended Description Ending Fund Balance 17,722,924 62,426,930 21,061,433 20,681,947 Reserved Fund Balances Minimum Reserve Requirement (25% of Sales Tax)3,996,000 3,996,000 4,022,000 4,022,000 Dobson- Contribution from RETT 4,277,241 - - Southface COP Debt Service Reserve 8,478,915 8,065,810 5,045,383 80,000 (413,104) 4,632,279 Southface Operating Reserve 5,000,000 5,000,000 5,000,000 5,000,000 Total Ending Reserved and Restricted Fund Balances 17,474,915 21,339,051 14,067,383 13,654,279 Ending Fund Balance- Available 248,009 41,087,878 6,994,049 7,027,667 171 TOWN OF VAIL PROPOSED 2026 AMENDED BUDGET SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE REAL ESTATE TRANSFER TAX FUND Variance Proposed 2025 2025 Favorable /1st Budget Budget 2026 Amended Actual (Unfavorable)2026 Supplemental Reappropriations Reductions Amended Revenue Real Estate Transfer Tax 8,900,000$ 9,767,746$ 867,746$ 7,777,000$ 7,777,000$ 2026: Down 5% from 2025 Forecast Golf Course Lease 191,285 194,900 3,615 195,111 195,111 Annual lease payment from Vail Recreation District; Rent income funds the "Recreation Enhancement Account" below; Increase based on CPI Intergovernmental Revenue 5,426,192 5,081,906 (344,286) 80,000 160,000 341,135 581,135 Lottery proceeds used annual for park projects ($30.0K) 2025: Roll forward remaining ERWSD reimbursement for Dowd Junction stabilization ($205.3K); 2025: Roll forward remaining Bear Education Grant from Colorado Parks and Wildlife ($10.8K); 2025: USFS Grant for Booth Creek Fuels Reduction ($125K); 2025: County Contribution towards East Vail Bighorn Sheep Habitat Conservation ($5.0M) 2025: Eagle County Wildfire Mitigation IGA ($45.0K) 2026: Additional USFS Grant #24PA11021500049-MOD 1 towards additional Booth Creek Fuels Reduction ($50.0K) 2026: Roll-forward remaining ERWSD reimbursement for Dowd Junction stabilization ($205.3K); 2026: Roll-forward remaining Bear Education Grant from Colorado Parks and Wildlife ($10.8K); 2026: Roll-forward USFS Grant for Booth Creek Fuels Reduction ($125.0K); 2026: Eagle County Wildfire IGA Amendment ($160.0K) Project Reimbursements 93,325 62,879 (30,446) 100,000 75,000 175,000 2025: Roll forward Middle Creek restoration contribution from Evergreen Redevelopment ($75.0K) 2025: CC4CA Reimbursements towards additional conference costs ($18.4K) 2026: Reimbursement from Betty Ford Alpine Gardens for private donations towards Art Studio outdoor gathering space ($100.0K) 2026: Roll-forward Middle Creek restoration contribution from Evergreen Redevelopment ($75.0K) Donations 102,500 71,635 (30,865) 65,000 65,000 2025: Kosloff Foundation and Winmax Foundation Donations towards Winterfest ($10.0K) 2025: Logan Donation towards Art Studio Programming ($70.0K) 2025: WinMax Foundation & Vail International Gallery Donations towards Inaugural Art Studio Grand Prize ($2.0K) 2025: Open Space donation from Borgen Family ($15.0K) 2026: Logan Donation towards Art Studio Programming ($65.0K) Recreation Amenity Fees 10,000 2,577 (7,423) 10,000 10,000 $10K annually Bag Fees 61,400 61,251 (149) 64,400 64,400 2025: Utilize bag fees towards Hard to Recycle events and Zero Hero support ($50K); True-up bag fee usage to Hard to Recycle and Zero Hero budgets ($8.4K) 2026: Utilize bag fees towards Hard to Recycle events and Zero Hero support ($64.4K) Earnings on Investments and Other 633,405 885,516 252,111 177,000 177,000 2026: 2.5% return assumed Total Revenue 15,418,107 16,128,411 710,304 8,468,511 160,000 416,135 - 9,044,646 Expenditures Management Fee to General Fund (5%)445,000 488,387 (43,387) 388,850 - - - 388,850 5% of RETT Collections - fee remitted to the General Fund for administration Wildland Forest Health Management 752,699 539,856 212,843 848,162 848,162 Annual operating expenditures for Wildland department; 2026 includes: -$675.0K: Personnel -$5.0K: Miscellaneous Educational Programming (Ongoing) 172 TOWN OF VAIL PROPOSED 2026 AMENDED BUDGET SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE REAL ESTATE TRANSFER TAX FUND Variance Proposed 2025 2025 Favorable /1st Budget Budget 2026 Amended Actual (Unfavorable)2026 Supplemental Reappropriations Reductions Amended Wildfire Mitigation 420,000 47,125 372,875 300,000 90,000 372,875 762,875 2025: Booth Creek Fuels Implementation, partially offset by USFS grant ($275.0K); Booth Heights and Booth Creek Trailhead Fuels Reduction ($100.0K); Additional Mitigation related to Eagle County IGA ($45.0K) 2026: Booth Creek Fuels Implementation, partially offset by USFS grant ($200.0K) 2026: Mitigation work associated with Eagle County Wildfire IGA Amendment ($90.0K) 2026: Re-appropriate ongoing Booth Creek Fuels Implementation ($372.9K) Wildland Equipment Acquisition - - - - 70,000 70,000 2026: Wildland Pickup Truck funded by Eagle County Wildfire IGA Amendment ($70.0K) Fire Free Five - Rebate Program 136,135 86,232 49,903 100,000 (17,867) 82,133 Annual Funding for Fire Free Five Community Assistance Program 2026 Budget Reductions (-$17.9K) Wildland Fire Shelter - - - 17,500 17,500 2026: Wildland Fire Shelter Replacement ($17.5K) Fire Free Five - TOV Implementation 25,000 - 25,000 - 25,000 25,000 2025: Fire Free Five landscaping around gymnastics center ($25.0K) 2025: Re-appropriate funds for Fire Free Five landscaping around gymnastics center/Ford Park ($25.0K) Total Wildland 1,333,834 673,213 660,620 1,265,662 160,000 397,875 (17,867) 1,805,670 Parks Annual Park and Landscape Maintenance 2,274,742 2,145,285 129,457 2,381,967 1,173 (16,500) 2,366,640 Annual operating expenditures for Parks department (including personnel, supplies, utility, contract services); 2026 includes: -$1.3M: Personnel -$178.5K: Park Restroom/Port-a-let cleaning & emptying -$45.0K: Placeholder for contract landscape maintenance at Ford Park -$15.0K: Trail Host Program (Ongoing) 2026 Operational Budget Reductions (-$16.5K); Heavy Equipment Fund charge adjustment ($1.2K) Park / Playground Capital Maintenance 281,000 228,387 52,613 169,000 (8,000) 161,000 Annual maintenance items include projects such as playground surface refurbishing, replacing bear-proof trash cans, painting/staining of play structures, picnic shelter additions/repairs, and fence maintenance ($169.0K) 2025: Ford Park Entry Landscape ($45.0K) 2025: Ford Park Entry landscape improvements near Amp Bridge entry ($40.0K) 2026: Budget Reduction- Annual Capital Maintenance (-$8.0K) Tree Maintenance 91,000 92,916 (1,916) 95,000 95,000 Annual on going pest control, tree removal and replacements in stream tract, open space, and park areas 2025: New plantings to replace trees removed in 2024 ($6.0K) Street Furniture Replacement 107,000 4,893 102,107 200,000 85,000 (15,000) 270,000 Annual Placeholder for Street Furniture Replacements ($35.0K) Annual Replacement of existing trash/recycle cans with new models ($75.0K) - 2025: Ongoing Village and Lionshead picnic table replacement ($72.0K) 2026: Ongoing Picnic Table and Bench upgrades ($105.0K); Reduce trash & recycle station replacements (-$15.0K) 2026: Re-appropriate funds towards ongoing furniture order ($85.0K) Covered Bridge Pocket Park Rehabilitation - - 225,000 225,000 2026: Covered Bridge Pocket Park rehabilitation ($225.0K) Ford Park- Betty Ford Way Pavers 40,000 18,849 21,151 - 5,000 5,000 2025: Final gravel shoulder grading repair and landscaping ($40.0K) 2026: Re-appropriate funds towards final reseeding ($5.0K) Ford Park Lower Bench Turf/Irrigation 142,000 58,046 83,955 - 26,954 26,954 2025: Replacement of worn turf grass and inefficient irrigation system ($300.0K); Utilize savings in lower bench turf project towards Ford Park Vehicle Entryway improvements ($158.0K) 2026: Re-appropriate funds towards final full aeration/top dress ($27.0K) Ford Park Playground Improvements 125,000 71,636 53,364 - - 2025: Replacement of wood fiber play surface under swings with rubber surfacing for better durability ($125.0K) 173 TOWN OF VAIL PROPOSED 2026 AMENDED BUDGET SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE REAL ESTATE TRANSFER TAX FUND Variance Proposed 2025 2025 Favorable /1st Budget Budget 2026 Amended Actual (Unfavorable)2026 Supplemental Reappropriations Reductions Amended Ford Park Master Plan Capital Design 199,909 - 199,909 100,000 199,909 299,909 2025:Funds place held for outcomes of Ford Park Masterplan Update. Projects include a park- wide ADA compliance Study, site planning for future facilities including a picnic shelter and expanded maintenance areas, wayfinding, etc. ($199.9K) 2026: Design of outcomes from Ford Park Master Plan ($100.0K) 2026: Re-appropriate funds towards design of outcomes of Ford Park Masterplan Update. Projects include a park-wide ADA compliance Study, site planning for future facilities including a picnic shelter and expanded maintenance areas, wayfinding, etc. ($199.9K) Art Studio Gathering Space at Ford Park - - 225,000 225,000 2026: Creation of gathering space outside of the newly constructed Art Studio ($225.0K) - Partially offset by $100K of private donations Ford Park Vehicle Entryway Improvements 118,000 55,300 62,700 - 62,700 62,700 2025: Utilize savings from Ford Park Lower Bench Turf repair towards: -Parking Lot Gate Equipment Configuration ($32.0K) -Oversize Vehicle Entrance Paving repair ($45.0K) -Tennis Center Lot Manual Gate ($38.0K) -Electronic Loops at West Betty Ford Way gate ($10.0K) 2026: Re-appropriate funds towards ongoing West Betty Ford Way and bus stop gate installations ($62.7K) Turf Grass Reduction 100,836 55,880 44,956 95,000 40,000 (95,000) 40,000 p ( ) 2026: Phase 1 of Turf Reduction at Ford Park ($95.0K) 2026: Re-appropriate funds towards weed control/reseeding in Main Vail Roundabout ($40.0K) Donovan Park Improvements 20,000 5,375 14,625 425,000 4,625 429,625 2025: Replacement of play equipment ($20.0K) 2026: Playground Safety Improvements - Replace Decks, worn equipment, etc. ($425.0K) 2026: Re-appropriate fund towards playground safety improvements ($4.6K) Pirateship Park Improvements 43,862 10,053 33,809 - - 2025:Ongoing improvements including two play components and minor ADA upgrades ($43.9K) Bighorn Park Playground Improvements 150,000 96,822 53,178 - - 2025: Bighorn Park Play Area Maintenance ($150.0K) Gore Creek Promenade Rehabilitation 2,118,460 1,076,000 1,042,460 - 1,054,624 1,054,624 2025: Gore Creek Promenade Rehabilitation funds moved forward from 2026 ($2.1M) 2026: Re-appropriate ongoing Gore Creek Promenade refresh ($1.1M) Slifer Fountain Feature Four Repair 75,000 - 75,000 - - 2025: Incomplete plumbing leak; further investigation needed prior to repair ($75.0K) Total Parks 5,886,809 3,919,443 1,967,366 3,915,967 1,173 1,478,812 (134,500) 5,261,452 Rec Paths and Trails Rec. Path Capital Maintenance 85,000 48,273 36,727 85,000 85,000 Annual Capital maintenance of the town's recreation path system ($85.0K) Recreation Path Safety Improvements 81,662 - 81,662 - 81,662 81,662 2025: Pedestrian Traffic Counters ($50.0K); Next phase of Antlers curve redesign ($31.7K) 2026: Re-appropriate funds towards Pedestrian Traffic Counters (50.0K); Re-appropriate funds towards next phase of Antlers curve redesign ($31.7K) Bike Safety 10,000 2,042 7,958 5,000 (1,000) 4,000 Annual cost for bike safety programs ($5.0K); Budget reduction: bike signage (-$1.0K) Pedestrian Bridge Projects 703,329 22,047 681,282 - 100,000 100,000 2025: Ongoing pedestrian overpass rehabilitation and outcomes of upcoming pedestrian bridge report ($703.3K) 2026: Re-appropriate funds towards I-70 pedestrian overpass rehab ($100.0K) Gore Valley Trail Reconstruction 326,224 40,955 285,269 750,000 403,278 1,153,278 2025: Placeholder for Gore Valley Trail Maintenance ($80.0K); Library to Lionshead Nature Walk Environmental Assessment and Design ($100.0K); Utilize 2024 savings in the recreation path maintenance budget towards the rebuild of 1250' of the North Recreation Trail between Red Sandstone Road and the pedestrian overpass ($146.2K) 2026: North Rec Path Reconstruction - Red Sandstone Area ($750.0K) 2026: Re-appropriate North Rec path reconstruction - Red Sandstone Area ($185.3K) 2026: Utilize 2025 savings in recreation path maintenance ($36.7K) and pedestrian bridge projects ($181.2K) towards Red Sandstone bridge replacement on North Rec Trail (currently rated in poor condition) 174 TOWN OF VAIL PROPOSED 2026 AMENDED BUDGET SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE REAL ESTATE TRANSFER TAX FUND Variance Proposed 2025 2025 Favorable /1st Budget Budget 2026 Amended Actual (Unfavorable)2026 Supplemental Reappropriations Reductions Amended East Vail Interchange Improvements 190,543 174,701 15,842 - 15,000 15,000 2025: Repairs due to landscaping and drainage issues, including plantings and parking area improvements ($190.5K); Additional funds using 2024 savings in Water Quality Infrastructure for drainage improvements including additional concrete gutters to direct to water quality vaults and bioswale areas, and the replacement of plantings ($40.0K) 2026: Re-appropriate funds for final reseeding/touchups ($15.0K) Dowd Junction repairs and improvements 453,794 49,640 404,154 - 164,714 164,714 2025: Restabilization of Dowd Junction retaining wall ($454.0K) 2026: Re-appropriate funds for ongoing restabilization of Dowd Junction retaining wall ($164.7K) Portalet Enclosures 40,500 - 40,500 - - 2025: Screening in residential-area portalets ($40.5K) Total Rec Paths and Trails 1,891,052 337,658 1,553,394 840,000 - 764,654 (1,000) 1,603,654 Recreational Facilities Recreation Master Plan - - - - 85,000 85,000 2025: Recreation Master Plan ($85.0K) Nature Center Operations 117,437 - 117,437 - - 2025: Nature Center operating costs Nature Center Capital Maintenance 26,291 14,655 11,636 50,000 11,636 61,636 Placeholder for annual maintenance costs at or near Nature Center ($15.0K) 2025: Signage ($16.6K); Regravel access road ($9.7K) 2026: Additional funds for capital refresh of trails and exterior area ($35.0K) 2026: Re-appropriate funds towards touch-ups in nature center area ($11.6K) Total Recreational Facilities 143,728 14,655 129,073 50,000 85,000 11,636 - 146,636 Environmental Environmental Sustainability 910,988 939,635 (28,647) 866,809 (3,200) 863,609 Annual operating expenditures for Environmental department (including personnel and supplies); 2026 includes: -$769.5K: Personnel -$77.0K: Climate Action Collaborative Dues (ongoing) 2026: Operational budget reductions ($3.2K) Recycling and Waste Reduction Programs 145,050 118,539 26,511 142,800 15,000 (7,400) 150,400 Annual recycling and waste reduction programs; 2026 includes: -$41.5K: Residential/Commercial Recycling Compost Program/Hauls (Ongoing) -$7.5K: Recycling Compliance and Education (Ongoing) -$38.8K: Zero Hero Program Support, offset by Bag Fees (Ongoing) -$45.0K: One Hard to Recycle Event, offset by Bag Fees (Ongoing) -$15.0K: Single-Use Plastics education and signage 2026: Operational budget reductions (-$7.4K) - Compost and Recycling Compliance, single- use plastics education 2026: Re-appropriate compost program initiatives ($15.0K) Water Refill Station Installation 60,000 - 60,000 - 60,000 60,000 2025: Installation of Water Refill stations - offset by Destination Stewardship funds transferred from GF ($60.0K); 2026: Re-appropriate installation of Water Refill stations ($60.0K) Ecosystem Health 572,300 164,473 407,827 291,000 397,728 (18,750) 669,978 Annual ecosystem health programs; 2026 includes: -$18.0K: CC4CA Annual Retreat - Host Community (Ongoing) -$50.0K: Open Lands Plan - Biodiversity Study Phase 2 Implementation (Ongoing) -$7.5K: Sustainable Destinations - Annual Certification Dues (Ongoing) -$55.0K: U.S. Forest Service Front Country Ranger Program (Ongoing) -$100.0K: Wildlife Habitat Improvements, Forum, and Education (Ongoing) -$50.0K: Gore Creek Pesticide Campaign (2025-2026) -$10.5K: Mountain IDEAL recertification ($10.5K) 2026: Operational budget reductions ($18.9K) - Open Lands Plan, Wildlife habitat improvements, forum, and education 2026: Re-appropriate gore creek pesticide campaign ($42.8K) 2026: Utilize 2025 savings in ecosystem initiatives towards Booth Creek Fuels treatment ($200.0K); Placeholder for wildlife grant match ($100.0K); Open space habitat improvement and weed control ($50.0K); Colorado Natural Heritage Program ($5.0K) 175 TOWN OF VAIL PROPOSED 2026 AMENDED BUDGET SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE REAL ESTATE TRANSFER TAX FUND Variance Proposed 2025 2025 Favorable /1st Budget Budget 2026 Amended Actual (Unfavorable)2026 Supplemental Reappropriations Reductions Amended Energy & Transportation 121,510 81,512 39,998 105,000 6,000 (12,500) 98,500 Annual energy and transportation programs; 2026 includes: -$40.0K: Energy Smart Colorado Partnership (Ongoing) -$2.5K: Energy-Related education, outreach, program incentives (Ongoing) -$32.5K: Sole Power Plus Program (Ongoing) -$30.0K: Additional Greenhouse Gas Inventory engagement 2026: Re-appropriate sole power plus rollout ($6.0K) 2026: Operational budget reductions (-$12.5K) - Sole power plus, GHG modeling and inventory E-Bike Programs 193,000 166,564 26,436 175,000 (2,000) 173,000 Annual E-Bike Programs; 2026 includes: -$175.0K: Shift E-Bike Share Program (Ongoing) 2026: Operational budget reductions (-$2.0K) E-Bike Share Infrastructure 14,711 11,034 3,677 - - 2025: Gravel pads and bike racks at redevelopment locations ($14.7K) Sole Power App 35,000 35,000 - 25,000 25,000 2025: Development of App modifications for the Sole Power Plus App Phase 2 Expansion to include Transit and Milestones ($25K); Re-appropriate funds towards original app development ($8.0K); Additional development funds to connect app to Town's Cloud service ($2.0K) 2026: Development of App modifications for the Sole Power Plus App Phase 3 Expansion to include in-app incentives ($25.0K) Streamtract Education/Mitigation 75,000 39,551 35,449 75,000 35,449 (3,000) 107,449 Annual streamtract education programming; 2026 includes: -$30.0K: General education programming (Ongoing) -$45.0K: Continuation of Restore the Gore Campaign Relaunch/rebrand 2026: Operational budget reductions ($-3.0K); Re-appropriate Restore the Gore Campaign Relaunch ($35.5K) Water Quality Infrastructure - - - 450,000 450,000 2026: Installation of 270 Gutter Bins (pollution catchment devices) on additional 25% of Town storm drains ($450.0K) Water Quality Initiatives 121,729 121,718 11 45,000 45,000 Annual monitoring of Gore Creek Macroinvertebrates - previously conducted by ERWSD ($45.0K) Streambank Mitigation 140,000 100,750 39,250 150,000 20,000 170,000 2025: Streambank Mitigation at Ford Park in conjunction with in-stream improvements by Trout Unlimited ($100.0K); Streambank Mitigation along Mill Creek ($40.0K) 2026: Placeholder for Grant Match for streambank mitigation at Vail Golf Club Hole 11, an outcome of the Vail Golf Club Vegetation Master Plan ($150.0K) 2026: Re-appropriate funds as contingency for streambank work ($20.0K) Middle Creek Restoration Fund 75,000 82 74,918 - 74,918 74,918 2025: Restoration of Middle Creek on TOV property in relation to the Evergreen redevelopment project. This will be reimbursed by the developer ($75.0K); 2026: Re-appropriate funds towards the restoration of Middle Creek on TOV property in relation to the Evergreen redevelopment project. This will be reimbursed by the developer ($74.9K) Private Streambank Mitigation Program 50,000 17,686 32,314 - - 2025: Private Streambank Mitigation Program; 2025: Re-appropriate funds towards continuation of private streambank mitigation ($50.0K) Booth Heights Open Space Conservation 93,500 76,030 17,471 - - 2025: Costs to establish Booth Heights conservation easement ($84.8K) Energy Efficiency Performance Contract 105,158 104,630 528 - - 2025: Energy Audit ($105.2K) Total Environmental 2,712,946 1,977,203 735,743 2,325,609 - 609,095 (46,850) 2,887,854 Art Public Art - Operating 196,599 172,761 23,838 205,811 (3,093) 202,718 Annual operating expenditures for Art in Public Places department; 2026 includes: -$187.6K: Personnel -$25.0K: miscellaneous Programs & Events (Ongoing) 2026 Operational Budget Reductions (-$3.1K) Public Art Installations 60,000 22,011 37,990 35,000 37,990 72,990 Annual cost of installation and landscaping/beautification costs for new/donated Art 2026: Re-appropriate funds towards ongoing art installation costs ($38.0K) 176 TOWN OF VAIL PROPOSED 2026 AMENDED BUDGET SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE REAL ESTATE TRANSFER TAX FUND Variance Proposed 2025 2025 Favorable /1st Budget Budget 2026 Amended Actual (Unfavorable)2026 Supplemental Reappropriations Reductions Amended Public Art - General program / art 170,567 80,000 90,567 60,000 90,567 150,567 Annual appropriation of funds to purchase sculptures, artwork, and conduct art programs/events; remainder is re-appropriated each year to accumulate towards larger purchases ($60.0K) 2025: Re-appropriate unspent funds ($110.6K) 2025: Re-appropriate unspent funds ($90.6K) Public Art - Winterfest 83,967 33,523 50,444 30,000 50,444 80,444 Annual Winterfest budget ($30.0K) 2025: Increase Winterfest budget utilizing Kosloff Foundation and Winmax Foundation donations ($10.0K); Re-appropriate funds for Winterfest program ($44.0K) 2026: Re-appropriate funds for Winterfest programming ($50.4K) Seibert Memorial Statue- Maintenance 11,192 - 11,192 - 11,192 11,192 2025: Donated funds towards upkeep of sculpture ($11.7K) 2026: Re-appropriate donated funds towards upkeep of sculpture ($11.7K) Art Space 1,055,232 1,033,609 21,623 - 21,623 21,623 2025: Construction of Art Space Studio in Ford Park anticipated to be completed in Summer of 2025 ($963.4K); Additional request for funding to connect Art Space Studio HVAC to existing Geothermal Test Well, offset by budget reduction in CPF Geothermal Project ($51.8K); Additional funds from Ford Park Lower Bench turf repair savings ($40.0K) 2026: Re-appropriate funds towards final electric feed costs ($21.6K) Art Studio - Programming & Operations 143,500 32,418 111,082 147,384 (5,000) 142,384 Operating costs for artist in residency program utilizing the new Art Space 2025: Increase Art Studio programming budget for Logan, WinMax Foundation, and Vail International Gallery Donations ($72.0K) 2026: Increase Art Studio Programming budget for Logan donation ($65.0K) 2026 Operational Budget Reductions (-$5.0K) Artist In Residency - Capital Art Acquisitions 57,500 - 57,500 37,500 37,500 Capital art acquisition costs associated with artist in residency program 2025: Re-appropriate unspent funds towards 2025 program ($20.0K) Total Art 1,778,557 1,374,320 404,237 515,695 - 211,816 (8,093) 719,418 Community Council Contribution: Betty Ford Alpine Garden Support 80,779 80,779 - 80,779 80,779 Annual operating support of the Betty Ford Alpine Gardens; annual increase to follow town's general operating annual increase Council Contribution: Eagle River Watershed Support 42,000 38,000 4,000 42,000 42,000 Annual support of the Eagle River Watershed Council programs Council Contribution: Trail Alliance 22,500 22,500 - 52,500 52,500 Adopt A Trail Council Contribution for trails in or bordering the Town Total Contributions 145,279 141,279 4,000 175,279 - - - 175,279 VRD-Managed Facilities & Maintenance Recreation Enhancement Account 746,740 - 746,740 195,111 746,740 941,851 Annual rent paid by Vail Recreation District; to be re-invested in asset maintenance 2025: Roll forward unspent Enhancement Funds ($539.3K); Increase for $16.1K paid above budget in 2024; Increase for $14.3K based on 2025 CPI true-up 2026: Roll forward unspent Enhancement Funds ($746.8K) Recreation Facility Maintenance 22,000 - 22,000 22,000 22,000 Annual RETT facility maintenance ($22.0K) Synthetic Turf Replacement 472,000 - 472,000 - 450,000 450,000 2025: Synthetic turf replacement ($472.0K); 2026: Re-appropriate funds towards synthetic turf replacement ($450.0K) Golf Clubhouse 123,287 23,626 99,661 291,418 99,661 391,079 2025: Circulation Pump Replacement ($98.0K); Clubhouse parking lot mill & overlay ($23.9K); Clubhouse Signage ($9.4K) 2026: Clubhouse parking lot mill & overlay ($23.9K); Stucco/Stone ($37.3K); Wood Trim ($26.8K); Golf Clubhouse Asphalt Parking Areas (Split 50/50) ($0.5K): Clubhouse Circulation Pumps ($2.9K); Mitigation of ongoing water infiltration from exterior stairs/sidewalk ($200.0K) 2026: Re-appropriate funds towards ongoing Golf Clubhouse maintenance ($99.7K) Athletic Field Restroom/Storage Building 1,000,000 210,528 789,472 - 789,472 789,472 2025: $1.0M for the replacement of existing restroom/concession with new 2000 sq. ft. restroom/storage building 2026: Re-appropriate ongoing replacement of existing restroom/concession with new 2000 sq. ft. restroom/storage building ($789.5K) 177 TOWN OF VAIL PROPOSED 2026 AMENDED BUDGET SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE REAL ESTATE TRANSFER TAX FUND Variance Proposed 2025 2025 Favorable /1st Budget Budget 2026 Amended Actual (Unfavorable)2026 Supplemental Reappropriations Reductions Amended Golf Course - Other 433,523 13,491 420,032 18,512 20,032 38,544 2025: Maintenance building asphalt driving and parking area ($4.0K); Re-appropriate funds towards ongoing routine projects with VRD including Streambank Restoration ($432.1K) 2026: Maintenance building exterior doors ($3.5K); Wedding Island Bridge ($15.0K) 2026: Re-appropriate ongoing golf course maintenance projects ($20.0K) Dobson Ice Arena 2,500 2,045 455 - - Final Dobson operational maintenance prior to remodel Ford Park / Tennis Center Improvements 205,020 86,607 118,413 376,148 167,990 544,138 2025: Wood siding and windows ($54.2K); Re-appropriate funds towards Tennis Center Improvements ($150.9K) 2026: Rebuild of tennis courts, retaining walls, and court fencing ($350.6K); Concession / Restroom Exterior Siding ($19.5K); Sports Center Painting ($6.0K) 2026: Re-appropriate funds towards Tennis Center improvements ($168.0K) Athletic Fields 173,809 5,819 167,990 2,980 2,980 2025: Asphalt parking lot ($99.3K); Re-appropriate funds towards ongoing improvements ($74.5K) 2026: Asphalt parking lot repairs ($3.0K) Gymnastics Center 364,921 337,320 27,601 - 82,234 82,234 2025: Replace Airconditioning Unit 2026: Re-appropriate ongoing Gymnastics Center HVAC upgrade ($27.6K); Utilize 2025 savings from Tennis Center project towards Gymnastics Center HVAC upgrade ($54.6K) Total VRD-Managed Facilities & Maintenance 3,543,800 679,435 2,864,365 906,169 - 2,356,129 - 3,262,298 Total Expenditures 17,881,005 9,605,594 8,275,411 10,383,231 246,173 5,830,017 (208,310) 16,251,111 Other Financing Sources (Uses) Transfer from General Fund - Destination Stewardship 70,010 70,010 - - - 2025: Transfer from General Fund for Implementation Steps of Destination Stewards Management Plan: Greenhouse Gas Inventory and Modeling ($10.0K) 2025:Transfer from General Fund Destination Stewardship budget for installation of water refill stations ($60.0K) Transfer from/(to) CPF (5,747,149) (5,747,149) - - - - 2025: Transfer to Capital Projects Fund for Dobson Arena (utilizing savings in annual Dobson maintenance); Reduce transfer based on funds spent in 2024 ($15.4K); Increase transfer to Capital Projects Fund towards Dobson Arena ($5.0M) Revenue Over (Under) Expenditures (8,140,037) 845,678 8,985,715 (1,914,720) (86,173) (5,413,882) 208,310 (7,206,465) Beginning Fund Balance 15,184,790 15,184,790 8,218,744 16,030,468 Ending Fund Balance 7,044,753$ 16,030,468$ 6,304,025$ 8,824,003$ Minimum Reserve Requirement 2,000,000$ 2,000,000$ 2,000,000$ 2,000,000$ Above Minimum (Available Fund Balance)5,044,753$ 14,030,468$ 4,304,025$ 6,824,003$ 178 TOWN OF VAIL 2026 PROPOSED AMENDED BUDGET SUMMARY OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE HOUSING FUND Variance Proposed 2025 2025 Favorable /1st Budget 2026 Amended Actuals (Unfavorable)2026 Supplemental Reappropriations Reductions Amended Revenue Housing Sales Tax 5,201,534$ 5,266,534$ 65,000$ 5,141,000$ (306,160)$ 4,834,840$ 2026: Flat, with adjustments for anticipate redevelopment impacts Housing Fee in Lieu Annual Collections 10,783 10,783 (0) - - Transfer in from Capital Projects Fund - Community Housing 2,500,000 2,500,000 - 1,000,000 1,000,000 2026: Annual Transfer from Capital Projects Fund for InDeed Program ($1.0M) Workforce Housing Sales 950,000 528,405 (421,595) - 421,595 421,595 2025: Roll forward resale revenue for Pitkin Creek #3B ($625.0K); Estimated Resale Revenue for Pitkin Creek #7N ($480.0K); Reduced sales price on Pitkin Creek #3B (-$125.0K); Reduced sales price on Pitkin Creek #7N (-$30.0K) Housing Late Fees 12,300 12,300 - - - Government Reimbursements- Vail Home Partners 4,482,846 4,464,816 (18,030) - - 2025: Repayment of predevelopment costs from Vail Home Partners for West Middle Creek bond proceeds ($4.5M) Deed Restriction Buyouts 865,400 865,400 - - - 2025: Deed Restriction buyout at 363 Beaver Dam Circle ($275.4K); Deed restriction buyout at 315 Mill Creek Cir ($410.0K); Deed restriction buyout at 2349 Chamonix Lane ($180.0K) EHU Credit Program (Timber Ridge)434,707 434,707 (0) - 450,000 450,000 2025: Collections for EHU Credit program at Timber Ridge ($434.7K) Earnings on Investments 330,000 477,914 147,914 25,000 25,000 2026: 2.5% return; 2027-2030: 2% return assumed Total Revenue 14,787,570 14,560,859 (226,711) 6,166,000 450,000 421,595 (306,160) 6,731,435 Expenditures Management Fee to General Fund (5%)260,077 263,327 (3,250) 257,050 (15,308) 241,742 5% Housing Sales Tax Administrative fee Housing Programs InDeed Program 4,135,645 160,000 3,975,645 1,000,000 (3,000,000) 3,975,645 1,975,645 Utilizing $3.0M towards Timber Ridge Community Units instead of Transfer from GF Buy Down Housing 161,687 - 161,687 - 161,687 161,687 2025: Re-appropriate utilization of housing fee in lieu towards Buy Down housing Timber Ridge Unit Purchases - - - 13,949,948 (8,123,099) 5,826,849 Community units will be funded $3.0M from InDeed; $2.0M from Buydown and $826.8K from fund balance; $8.1M to be instead allocated as employee units and employee buydown Future Purchases 3,224,600 - 3,224,600 - (2,000,000) 3,224,600 1,224,600 Utilizing $2.0M towards Timber Ridge Community Units instead of Transfer from GF Pitkin Creek Unit #3B 500 494 6 - - Pitkin Creek Unit #7N 549,900 549,887 13 - - Purchase of Pitkin Creek #7N for resale ($547.4K) Construction Housing Projects Timber Ridge Habitat Contribution 2,000,000 - 2,000,000 3,000,000 2,000,000 5,000,000 2025: $2.0M contribution to Habitat for Humanity for TR units 2026: $3.0M contribution to Habitat for Humanity for TR units (included in Town's original $25.5M commitment) Southface Development Predevelopment 1,218,694 1,216,839 1,855 - - 2025: Re-appropriate West Middle Creek predevelopment costs ($808.5K) Southface Development Legal Fee Contingency 50,000 41,566 8,434 - - 2025: Re-appropriate placeholder for West Middle Creek legal costs ($50.0K) East Vail Parcel Predevelopment 650,000 30,512 619,488 - 619,488 619,488 2025: Re-appropriate placeholder for West Middle Creek legal costs ($400.0K) Residences at Main Vail Opportunity Fee 50,000 - 50,000 - 50,000 50,000 2025: Re-appropriation of remaining RMV opportunity fee Land Purchases for Future Housing CDOT Parcel Acquisition Placeholder - East Vail 2,416,502 2,416,145 357 - - 2025: Re-appropriate purchase of CDOT East Vail parcel ($2.4M); Re-appropriate additional funds needed for East Vail CDOT parcel ($18.0K) East Vail Carnie Parcel 17,900 17,851 49 - - 2025: Re-appropriate purchase of 1' wide parcel ($17.9K) Eagle-Vail Parcel Placeholder 50,000 - 50,000 - 50,000 50,000 Total Expenditures 14,785,505 4,696,621 10,088,884 18,206,998 (13,123,099) 10,081,420 (15,308) 15,150,011 Operating Income 2,065 9,864,238 9,862,173 (12,040,998) 13,573,099 (9,659,825) (290,852) (8,418,576) Other Finance Sources (Uses) Transfer to Vail Home Partners- WMC Contribution (10,000,000) (10,000,000) - - - - 2025: $10.0M placeholder for W. Middle Creek housing projects Transfer from CPF for Southface Contribution (Loan)5,565,600 4,525,520 1,040,080 (3,151,660) (3,151,660) 2025: Loan from Capital Projects Fund for Southface contribution ($5.5M) 2026-2027: Payback of Loan from Capital Projects Fund for Southface contribution Transfer from GF to purchase community TR units - - - 13,773,099 (13,773,099) - 2026: Loan from General Fund for Timber Ridge Unit purchases ($13.8M) 2027-2029: Repayment of loan from General Fund for Timber Ridge Unit purchases Transfer from/(to) Timber Ridge- Timber Ridge Sales (10,541,295) (8,656,702) (1,884,593) - - 2025: Transfer to/Frm TR for TR constrcution contribution paid back by TR sales 179 TOWN OF VAIL 2026 PROPOSED AMENDED BUDGET SUMMARY OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE HOUSING FUND Variance Proposed 2025 2025 Favorable /1st Budget 2026 Amended Actuals (Unfavorable)2026 Supplemental Reappropriations Reductions Amended Total Other Finance Sources (Uses)(14,975,695) (14,131,182) 844,513 10,621,439 (13,773,099) - - (3,151,660) Surplus (Deficit) Net of Transfers and One-Time Items (14,973,630) (4,266,944) 10,706,686 (1,419,559) (200,000) (9,659,825) (290,852) (11,570,236) Beginning Fund Balance 16,420,512 16,420,512 1,425,852 12,153,568 Ending Fund Balance 1,446,882$ 12,153,568$ 6,293$ 583,331$ 180 Variance 2025 2025 Favorable /1st Budget Amended Amended Actuals (Unfavorable)2026 Supplemental Reductions 2026 Notes Revenue Town of Vail Interagency Charge 5,070,275$ 4,844,076$ 226,199$ 5,604,736$ 370,867$ (196,462)$ 5,779,141$ Operational Charges for SB- 230 ($370.9K) Insurance Reimbursements & Other - Intergovernmental Revenues - 22,111 22,111 - Federal Grants 19,680 19,680 Earnings on Investments 7,000 91,394 84,394 60,000 60,000 Equipment Sales and Trade-ins 317,070 245,394 (71,676) 244,730 244,730 Total Revenue 5,394,345 5,222,655 280,708 5,909,466 370,867 (196,462) 6,083,871 Expenditures Salaries & Benefits 1,578,058 1,461,251 116,807 1,677,364 81,900 1,759,264 Personnel costs for fleet mechanic - SB-230 ($81.9K) Operating, Maintenance & Contracts 2,442,512 2,069,940 372,572 2,672,949 252,239 (164,462) 2,760,726 Operational costs related to SB-230 ($252.2K) Capital Outlay 2,961,415 2,051,041 910,373 1,428,500 824,000 (32,000) 2,220,500 Re-appropriate ongoing vehicle replacements ($824.0K) Total Expenditures 6,981,985 5,582,233 1,399,751 5,778,813 1,158,139 (196,462) 6,740,490 Revenue Over (Under) Expenditures (1,587,640) (359,578) 130,653 (787,272) 0 (656,619) Beginning Fund Balance 3,976,045 3,976,045 2,388,405 3,616,467 Fund Balance Correction Ending Fund Balance 2,388,405$ 3,616,467$ 2,519,058$ 2,959,848$ TOWN OF VAIL 2026 PROPOSED AMENDED BUDGET SUMMARY OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE HEAVY EQUIPMENT FUND 181 Variance 2025 2025 Favorable /1st 2026 Amended Actuals (Unfavorable)2026 Supplemental Amended Revenue Rental Revenue 1,255,770 1,247,683 8,087 1,289,998 1,289,998 Timber Ridge Rental Revenue - - 277,830 277,830 Other Earnings and Investments - 12,707 12,707 1,500 1,500 Total Revenue 1,255,770 1,260,390 20,794 1,569,328 - 1,569,328 Expenditures General Fund Administrative Fee 374,918 374,305 613 386,999 386,999 Operational Costs 433,643 395,882 37,761 616,952 616,952 Operational Maintenance 212,750 168,164 44,586 207,750 207,750 Unit Masterleases 61,200 61,500 (300) 64,260 64,260 Total Expenditures 1,082,511 999,851 82,660 1,275,961 - 1,275,961 Surplus (Deficit) from Operations 173,259 260,540 87,281 293,367 - 293,367 Capital Funding Sources/(Uses) Purchase of Employee Rental Units - - (8,500,000) (8,123,099) (16,623,099) Purchase of additional Timber Ridge Units ($8.1M) Capital Maintenance of Units (202,631) (96,261) 106,370 (100,000) (100,000) Transfer from General Fund 8,123,099 8,123,099 Transfer from GF for purchase of additional Timber Ridge Units ($8.1M) Transfer from/(to) Capital Projects Fund 52,631 - 52,631 8,500,000 8,500,000 Transfer from CPF for purchase of Timber Ridge Units ($8.5M) Net Capital Funding Sources/(Uses)(150,000) (96,261) 53,739 (100,000) - (100,000) Surplus (Deficit) Net of Capital Items 23,259 164,279 141,020 193,367 - 193,367 Beginning Fund Balance - - 164,279 164,279 Ending Fund Balance 23,259$ 164,279$ 357,646$ 357,646$ TOWN OF VAIL 2026 PROPOSED BUDGET SUMMARY OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE INTERNAL EMPLOYEE HOUSING RENTAL FUND 182 Variance Proposed 2025 2025 Favorable /1st 2026 Amended Actuals (Unfavorable)2026 Supplemental Amended Revenue E911 Board Revenue 1,246,961$ 1,246,961$ -$ 1,687,805$ 1,687,805$ Interagency Charges 1,982,148 1,982,148 - 2,158,752 2,158,752 Town of Vail Interagency Charge 827,330 827,331 - 936,217 936,217 Earnings on Investments and Other 54,000 142,020 88,020 43,000 43,000 E911 Board Capital Grant - - - - 766,226 766,226 911 Authority Reimbursement for AXS Radio Console Upgrade ($766.2K) Total Revenue 4,110,439 4,198,460 88,020 4,825,774 766,226 5,592,000 Expenditures Salaries & Benefits 3,354,993 3,295,728 59,265 4,036,526 4,036,526 Operating, Maintenance & Contracts 722,869 663,503 59,366 687,072 23,642 710,714 Roll-forward ongoing Dispatch Center Assessment ($23.4K); Heavy Equipment Charge adjustment ($0.3K) Capital Outlay 853,610 6,161 847,449 1,628,675 1,628,675 2025: RMS Replacement ($750.0K); Mobile Responder Command and Control Tool ($97.1K); Increased scope of Command and Control Tool ($6.5K) 2026: AXS Radio Console Upgrade (Funded by 911 Authority Reimbursement - $740.1K) 2026: Re-appropriate ongoing RMS Replacement ($750.0K) and Mobile Responder tool ($97.5K) Total Expenditures 4,931,472 3,965,392 966,080 4,723,598 1,652,317 6,375,915 Revenue Over (Under) Expenditures (821,033) 233,068 1,054,101 102,176 (886,091) (783,915) Other Financing Sources (Uses) Transfer from General Fund - Total Financing Sources (Uses)- Surplus Net of Transfers & New Programs Change in Net Position (821,033) 233,068 1,054,101 102,176 (886,091) (783,915) Beginning Fund Balance 2,977,684 2,977,684 3,210,752 3,210,752 Ending Fund Balance 2,156,651$ 3,210,752$ 3,312,928$ 2,426,837$ TOWN OF VAIL 2026 PROPOSED AMENDED BUDGET SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE DISPATCH SERVICES FUND 183 2025 2025 Under/Proposed 1st 2026 Amended Actuals (Over)2026 Supplemental Amended Revenue Rental Income -$ -$ -$ Ground Lease Buy-Out (Lionsridge)- - - Other Income - - - Contributed Capital - Total Revenue - - - Expenditures Operating, Maintenance & Contracts - - - Capital Outlay - - - Contingency - - - Total Expenditures - - - Operating Income - - - Non-operating Revenues (Expenses) Interest on Investments - 9,873 9,873 - Loan Principal Repayment to Capital Projects Fund (407,530) (407,530) - (3,488,184) (3,488,184) Interest Payment to Capital Projects Fund (55,379) (55,379) - - Total Non-operating Revenues (Expenses)(462,909) (453,036) 9,873 (3,488,184) - (3,488,184) Surplus (Deficit) from Operations (462,909) (453,036) 9,873 (3,488,184) - (3,488,184) Timber Ridge Redevelopment Land Reimbursement @ Sale Transfer to CPF for original land purchase - - - - Transfer from Housing Fund- CDOT Land Acquisition - - - - CDOT Land Acquisition - - - - Reimbursement to TOV(Assumes 60% Sales)- - 22,696,647 22,696,647 Timber Ridge Redevelopment TOV Comittment (10,750,067) (8,646,390) 2,103,677 - - Redevelopment Legal Fee Contingency (20,461) (14,913) 5,549 - (100,000) (100,000) Transfer from Housing Fund- TR Development 10,541,295 8,656,702 1,884,593 - - Transfer from General Fund- TR Development 229,233 - 229,233 (20,344,829) 229,233 (20,115,596) Total TR Redevelopment Contribution - (4,600) 4,223,052 2,351,818 129,233 2,481,051 Transfer to Housing Fund (Lionsdige Ground Lease Buyout)- - - Revenue Over (Under) Expenditures (462,909) (457,636) (1,136,366) 129,233 (1,007,133) Beginning Fund Balance 1,713,355 1,713,355 1,250,446 1,255,720 Ending Fund Balance 1,250,446$ 1,255,720$ 114,100$ 248,600$ TOWN OF VAIL 2026 PROPOSED BUDGET SUMMARY OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE TIMBER RIDGE FUND 184 Ordinance No. 4, Series of 2026 ORDINANCE NO. 4 SERIES OF 2026 AN ORDINANCE MAKING BUDGET ADJUSTMENTS TO THE TOWN OF VAIL GENERAL FUND, CAPITAL PROJECTS FUND, REAL ESTATE TRANSFER TAX FUND, HOUSING FUND, HEAVY EQUIPMENT FUND, INTERNAL EMPLOYEE HOUSING RENTAL FUND, TIMBER RIDGE FUND, HEALTH INSURANCE FUND, AND DISPATCH SERVICES FUND OF THE 2026 BUDGET FOR THE TOWN OF VAIL, COLORADO; AND AUTHORIZING THE SAID ADJUSTMENTS AS SET FORTH HEREIN; AND SETTING FORTH DETAILS IN REGARD THERETO. WHEREAS, contingencies have arisen during the fiscal year 2026 which could not have been reasonably foreseen or anticipated by the Town Council at the time it enacted Ordinance No. 24, Series of 2025, adopting the 2026 Budget and Financial Plan for the Town of Vail, Colorado; and, WHEREAS, the Town Manager has certified to the Town Council that sufficient funds are available to discharge the appropriations referred to herein, not otherwise reflected in the Budget, in accordance with Section 9.10(a) of the Charter of the Town of Vail; and, WHEREAS, in order to accomplish the foregoing, the Town Council finds that it should make certain budget adjustments as set forth herein. NOW, THEREFORE, BE IT ORDAINED, BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO that: 1. Pursuant to Section 9.10(a) of the Charter of the Town of Vail, Colorado, the Town Council hereby makes the following budget adjustments for the 2026 Budget and Financial Plan for the Town of Vail, Colorado, and authorizes the following budget adjustments: General Fund $ (1,423,875) Capital Projects Fund 46,624,409 Real Estate Transfer Tax Fund 5,867,880 Housing Fund (3,056,987) Heavy Equipment Fund 961,677 Internal Employee Housing Rental Fund 8,123,099 Timber Ridge Fund (129,233) Health Insurance Fund 173,506 Dispatch Services Fund 1,652,317 Interfund Transfers 7,546,630 Total $ 66,512,928 185 Ordinance No. 4, Series of 2026 2. If any part, section, subsection, sentence, clause or phrase of this ordinance is for any reason held to be invalid, such decision shall not affect the validity of the remaining portions of this ordinance; and the Town Council hereby declares it would have passed this ordinance, and each part, section, subsection, sentence, clause or phrase thereof, regardless of the fact that any one or more parts, sections, subsections, sentences, clauses or phrases be declared invalid. 3. The Town Council hereby finds, determines, and declares that this ordinance is necessary and proper for the health, safety, and welfare of the Town of Vail and the inhabitants thereof. 4. The repeal or the repeal and reenactment of any provision of the Municipal Code of the Town of Vail as provided in this ordinance shall not affect any right which has accrued, any duty imposed, any violation that occurred prior to the effective date hereof, any prosecution commenced, nor any other action or proceedings as commenced under or by virtue of the provision repealed or repealed and reenacted. The repeal of any provision hereby shall not revive any provision or any ordinance previously repealed or superseded unless expressly stated herein. 5. All bylaws, orders, resolutions, and ordinances, or parts thereof, inconsistent herewith are repealed to the extent only of such inconsistency. This repealer shall not be construed to revise any bylaw, order, resolution, or ordinance, or part thereof, theretofore repealed. INTRODUCED, READ, APPROVED, AND ORDERED PUBLISHED ONCE IN FULL ON FIRST READING this 7th day of April 2026, and a public hearing shall be held on this Ordinance on the 21st day of April, 2026, at the regular meeting of the Town Council of the Town of Vail, Colorado, in the Municipal Building of the town. _______________________________ Barry Davis, Mayor ATTEST: ___________________________ Stephanie Kauffman, Town Clerk 186 2026 1st SUPPLEMENTAL BUDGET APPROPRIATION 1st READING FINANCE | April 7, 2026 187 Revenue Forecast Adjustments, $1.1M, 9% Revenue Rollforwards from 2025, $5.5M, 45% Revenue Reimbursements for New Expenditures, $3.7M, 30% Revenue Reimbursements for Existing Budgeted Expenditures, $1.9M, 16% Revenue Forecast Adjustments, $5.5M, 56% Timber Ridge Land Reimbursement (Deferral based on unit sales), $4.4M, 44% 2026 SUPPLEMENTAL BUDGET | Revenues Town of Vail | Finance Revenues: Net Increase of $2,223,112 Revenue Increases ($12.2M) Revenue Decreases ($9.8M) 188 3 2026 SUPPLEMENTAL BUDGET | Revenues Town of Vail | Finance Revenue Source Fund 2025 Increase / (Decrease) Total Proposed Amended Budget General Sales Tax GF/CPF $(2,638,797)$39,699,003 Housing Sales Tax HF $(306,160)$4,834,841 Ski Lift Tax GF $(909,625)$6,039,641 Parking Revenues GF $(1,542,639)$8,965,340 Clean Transit Enterprise Grant for EV Bus CPF $1,254,076 $1,254,076 SB-230 Operational Transit Grant GF $938,499 $938,499 Major Revenue Adjustments Include: Please see the included Memo for detailed information on revenue adjustments 189 2026 SUPPLEMENTAL BUDGET | Expenditures Town of Vail | Finance Expenditures: Net Increase of $66,512,928 Expenditure Increases ($74.5M) Expenditure Decreases & Deferrals ($7.9M) Previously Approved by Council, $202.5K New Requests, $207.9K Partially/Fully Offset by Revenue, $4.8M, 7% Re- appropriation: Dobson Arena, $33.4M, 45% Other Reappropriations, $35.8M, 48% Budget Reductions: Operational, $1.2M Budget Reductions: Capital, $5.7M Budget Deferrals: Capital, $1.0M, 13% 190 6 2026 SUPPLEMENTAL BUDGET | Expenditures Town of Vail | Finance Expenditure Fund Category Amount Transit Service Enhancements (SB230)GF/HEF Largely offset by Revenue & Previously Approved by Council $1,209,827 Town’s Legal & Consultant Costs for Potential Downtown Development Authority in West Lionshead GF Previously Approved by Council $125,000 Internal management training and business development plans GF Previously Approved by Council $55,000 Dispatch AXS Radio Console Replacements (Funded by 911 Authority) Dispatch Largely offset by Revenue $781,226 New & Significant Expenditure Adjustments Include: Please see the included Memo for detailed information on all expenditure adjustments 191 8 2026 SUPPLEMENTAL BUDGET | Reserves Town of Vail | Finance $139.3M $95.4M $101.2M $52.5M $57.4M $67.2M $65.9M $0.0M $20.0M $40.0M $60.0M $80.0M $100.0M $120.0M $140.0M $160.0M 2023 Actual 2024 Actual 2025 Preliminary 2026 2027 2028 2029 Reserve Projections (above Minimum & Restricted) Housing Fund RETT Fund Capital Projects Fund General Fund 192 9 2026 SUPPLEMENTAL BUDGET | Recap Town of Vail | Finance Are there any questions? 193