HomeMy WebLinkAbout07. VEAC Minutes 02-14-2017 FINALVEAC Meeting – February 14, 2017 Page 1 of 2
Vail Economic Advisory Council (VEAC)
February 14, 2017
MEETING MINUTES
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Packet materials found here: http://bit.ly/2kpcwaq
VEAC Members Present:
Phil Metz, Chris Romer, Greg Moffet, Kim Newbury-Rediker, Rayla Kundolf, Brian
Nolan, Lori Pohl, Matt Ivy, Dave Chapin
Town of Vail Staff Present:
Kelli McDonald – Economic Development Manager, Laura Waniuk - Event Liaison
Specialist, Kathleen Halloran – Finance Director, Stan Zemler – Town Manager, Trevor
Theelke - Land Title Guarantee Company
Others Present:
Sidney Bonser – Vail Resorts Intern, Samantha Biszantz – Root & Flower/Commission
on Special Events
Financial Report, Kathleen Halloran (15 minutes)
Revenue Highlights
Upon receipt of all sales tax returns, December collections are estimated to be down
1.2% from last year. Year to date is up 2.5% from the prior year. RETT collections
through December 31, 2016 total $6,801,765 down 2.4% from this time last year.
Vail Real Estate Update, Trevor Theelke (45 minutes)
Please see presentation for full details. Theelke presented the 2016 real estate data.
Four million dollars was the average price of real estate in Vail in 2016, which includes
Vail Village and Lionshead. There are currently 690 realtors in Eagle County and 567
properties for sale.
2017 Event Calendar, Commission on Special Events Members (30 minutes)
Please see presentation for full details.
Town Manager’s Report, Stan Zemler (30 minutes)
Marriott – Will be presented again to council on 2/21.
Chamonix – Targeting March 21 for a lot of decisions, for example, who are the
potential buyers and are there enough? There is a continued need for further
understanding of the risk of the project. Confusion about if the potential owners can
own property elsewhere. Still need guaranteed maximum price for project. Currently
64 interested parties in purchase of Chamonix. Moffet said that there may be a lac k
of marketing outreach down valley.
Doubletree – The construction stopped last week and now they are back working on
it again.
VEAC Meeting – February 14, 2017 Page 2 of 2
Hotel Talisa – They are planning to have 48 rooms open by March. That may
change based on construction timeline.
Parking Task Force – Meeting on February 24
Town Manager Recruitment Process – Currently underway, they are actively
recruiting, returning to the council on March 14 to provide information update, then
they will be back in early April to present candidates. There are 3 days set aside in
April where the candidates will come to Vail and meet with council, staff and
community members at open houses.
Annual Community Meeting – March 14 at Donovan Pavilion.
Citizen Input (5 minutes) – N/A
Other Business (5 minutes)
Moffet requested update from ECO buses and transit number. Chris Leubers is the
contact who could present at a future VEAC meeting.
Next Meeting:
Tuesday, March 14, Antlers, 8:00-10:00 AM