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HomeMy WebLinkAbout1987-02-03 Support Documentation Town Council Regular Session VAIL TOWN COUNCIL REGULAR MEETING TUESDAY, FEBRUARY 3, 1987 7:30 p.m. REVISED AGENDA 1. Approval of January 6 and 20, 1987 Minutes 2. Appointments of Design Review Board Members 3. Appointment of Planning & Environmental Commission Member 4. Ordinance No. 2, Series of 1987, second reading, an ordinance rezoning certain parcels of property described as Parcel B and Parcel C, a resubdivision of Lots 14 and 17, Block 7, Vail Village, First Filing, Town of Vail, Eagle County, Colorado; designating said zoning districts for the subject property; setting forth details relating thereto; and amending the official zoning map in relation to the subject property. 5. Ordinance No. 5, Series of 1987, first reading, an ordinance amending Sections 3.36.150 and 3.36.160 of Chapter 3.36 Recreation Amenities Tax and Fund to provide that the revenues received from the Recreational Amenities Taxes shall be paid into the Capital Projects Fund rather than a separate Recreational Amenities Fund; and setting forth details in regard thereto. 6. Ordinance No. 6, Series of 1987, first reading, an ordinance amending the Vail Municipal Code, adding-Section 18.08.060, titled Property Without a Zone Designation, to read: "Any land, lot, or site within the Town of Vail municipal boundary which, according to the official zoning map, does not have a designated zone district, shall be designated green belt and natural open space zone district. Newly annexed property will not be zoned for a period of not more than ninety (90) days or any additional period of time agreed upon between the property owners of said property and the Town for the imposition of zoning." 7. Resolution No. 5, Series of 1987, a resolution authorizing the approval of an extension agreement which extends the period of time during which the Town of Vail may exercise a certain option for the purchase of the Singletree Golf Course; extending the time on which the purchase of the Singletree Golf Course is set for closing, providing for the payment of additional earnest money by the Town to the Sellers of the Singletree Golf Course, and giving the Sellers the Singletree Golf Course certain rights, to purchase certain capital items required to prepare the Singletree Golf Course for the upcoming season and providing that the Town of Vail shall reimburse said Sellers for the cost of such items. 8. Ordinance No. 7, Series of 1987, first reading, an ordinance authorizing the issuance by the Town of Vail, Eagle County, Colorado, of its bond anticipation notes, Series of 1987, in the aggregate principal amount of $3,200,000, for the purpose of acquiring the Singletree Golf Course and related properties and facilities. 9. Resolution No. 3, Series of 1987, a resolution amending Resolution No. 1, Series of 1980; changing the name of the Capital Improvement and Open Space Fund of the Town to the Capital Projects Fund of the Town. 10. Resolution No. 4, Series of 1987, a resolution supporting the Colorado Lottery 11. Total Beauty Centre Sign Variance Request CITIZEN PARTICIPATION 12. Town Manager's Report 13. Adjournment VAIL TOWN COUNCIL REGULAR MEETING TUESDAY, FEBRUARY 3, 1987 7:30 p.m. AGENDA 1. Approval of January 6 and 20, 1987 Minutes 2. Appointments of Design Review Board Members 3. Appointment of Planning & Environmental Commission Member 4. Ordinance No. 2, Series of 1987, second reading, an ordinance rezoning certain parcels of property described as Parcel B and Parcel C, a resubdivision of Lots 14 and 17, Block 7, Vail Village, First Filing, Town of Vail, Eagle County, Colorado; designating said zoning districts for the subject property; setting forth details relating thereto; and amending the official zoning map in relation to the subject property. 5. Ordinance No. 5, Series of 1987, first reading, an ordinance amending Sections . 3.36.150 and 3.36.160 of Chapter 3.36 Recreation Amenities Tax and Fund to provide that the revenues received from the Recreational Amenities Taxes shall be paid into the Capital Projects Fund rather than a separate Recreational Amenities Fund; and setting forth details in regard thereto. 6. Ordinance No. 6, Series of 1987, first reading, an ordinance amending the Vail Municipal Code, adding Section 18.08.060, titled Property Without a Zone Designation, to read: "Any land, lot, or site within the Town of Vail municipal boundary which, according to the official zoning map, does not have a designated zone district, shall be designated green belt and natural open space zone district. Newly annexed property will not be zoned for a period of not more than ninety (90) days or any additional period of time agreed upon between the property owners of said property and the Town for the imposition of zoning." 7. Ordinance No. 7, Series of 1987, first reading, an ordinance authorizing the issuance by the Town of Vail, Eagle County, Colorado, of its bond anticipation notes, Series of 1987, in the aggregate principal amount of $3,200,000, for the purpose of acquiring the Singletree Golf Course and related properties and facilities. 8. Resolution No. 5, Series of 1987, a resolution authorizing the approval of an extension agreement which extends the period of time during which the Town of Vail may exercise a certain option for the purchase of the Singletree Golf Course; extending the time on which the purchase of the Singletree Golf Course is set for closing, providing for the payment of additional earnest money by the Town to the Sellers of the Singletree Golf Course, and giving the Sellers the Singletree Golf Course certain rights, to purchase certain capital items required to prepare the Singletree Golf Course for the upcoming season and providing that the Town of Vail shall reimburse said Sellers for the cost of such items. 9. Resolution No. 3, Series of 1987, a resolution amending Resolution No. 1, Series of 1980; changing the name of the Capital Improvement and Open Space Fund of the Town to the Capital Projects Fund of the Town. 10. Resolution No. 4, Series of 1987, a resolution supporting the Colorado Lottery 11. Total Beauty Centre Sign Variance Request CITIZEN PARTICIPATION 12. Town Manager's Report 13. Adjournment E u f VAIL TOWN COUNCIL REGULAR MEETING TUESDAY, FEBRUARY 3, 1987 7:30 p.m. EXPANDED AGENDA 7:30 1. Approval of January 6 and 20, 1987 Minutes 7:35 2. Appointments of Design Review Board Members Action Requested of Council: If there are acceptable applicants, appoint 3 members to the DRB to fill the vacancies of Kathy Warren, Ned Gwathmey and Roy Sante. 7:40 3. Appointment of Planning & Environmental Commission Member Action Requested of Council: If there is an appropriate applicant, appoint a member to the PEC to replace Duane Piper. The Council has the option of making an appointment or requesting further applications if you feel it is desirable. 7:45 4. Ordinance No. 2, Series of 1987, second reading, a request Rick Pylman to rezone two lots in Vail Village First Filing to create one primary/secondary lot and two single family lots Action Requested of Council: Approve/deny Ordinance No. 2, Series of 1987, on second reading. Background Rationale: The applicant has applied for and received conditional approval for subdivision and zoning of Lots 14 and 18, Block 7, Vail Village First Filing to create three lots, one primary and two single family. The zoning request requires final approval by the Town Council. There was no action taken at the last Evening Meeting due to Gordon Pierce having to abstain from voting, and there being only 4 Councilmembers present. Staff Recommendation: Approve Ordinance No. 2, Series of 1987, on second reading. 8:05 5. Ordinance No. 5, Series of 1987, first reading, dropping the Steve Barwick Recreational Amenities Fund Action Requested of Council: Approve/deny Ordinance No. 5, Series of 1987, on first reading. Background Rationale: As part of the simplification of the Town's fund structure, the staff recommends dropping the Recreation Amenities Fee Fund. It should be noted that Recreation Amenities Fees will still be earmarked for the same purposes as under the current fund structure. The only change will be that the fees will be accounted for under a separate account within the Capital Projects Fund rather than in a separate fund. Staff Recommendation: Approve Ordinance No. 5, Series of 1987, on first reading. 8:20 6. Ordinance No. 6, Series of 1987, first reading, regarding Rick Pylman property without a zone designation Action Requested of Council: Approve/deny Ordinance No. 6, Series of 1987, on first reading. r. , Backqround Rationale: This ordinance is an amendment to the zoning code which applies zoning to any unzoned parcels of land within TOV boundaries. The Community Development Department and the Town Attorney have realized, through recent research, that most communities have a statement of this kind in their municipal codes. Staff Recommendation: Approve Ordinance No. 6, Series of 1987, on first reading. 8:40 7. Ordinance No. 7, Series of 1987, first reading, to finance Larry Eskwith the purchase of the Singletree Golf Course Charlie Wick Action Requested of Council: Approve/deny Ordinance No. 7, Series of 1987, on first reading. Backqround Rationale: The ordinance provides for the issuance of short term bond anticipation notes to Kirchner Moore to finance the purchase of the Singletree Golf Course. The notes become due on September 1 and would be repaid from the proceeds of bond anticipation warrants funded by the Land Transfer Tax. Staff Recommendation: None. 9:00 8. Resolution No. 5, Series of 1987, authorizing the extension Larry Eskwith of an option to purchase the Singletree Golf Course Action Requested of Council: Approve/deny Resolution No. 5, Series of 1987. Backqround Rationale: The Town would not wish to exercise the option to purchase Singletree unless the financing were available and approved by the Town Council. Staff Recommendation: Request to extend the option agreement for the purchase of Singletree until February 17, 1987 to allow for two readings of the financing Ordinance No. 7. Approve Resolution No. 5, Series of 1987. 9:20 9. Resolution No. 3, Series of 1987, changing name of Capital Steve Barwick Improvements and Open Space Fund to Capital Projects Fund Action Requested of Council: Approve/deny Resolution No. 3, Series of 1987. Backqround Rationale: As discussed during the 1987 Budget process, the staff recommends changing the name of this fund to the "Capital Projects Fund" in order to reflect the true nature of the fund. The name change should also help to clear up confusion regarding the funding of open space purchases. Staff Recommendation: Approve Resolution No. 3, Series of 1987. 9:35 10. Resolution No. 4, Series of 1987, supporting the Colorado Pat Dodson Lottery Action Requested of Council: Approve/deny Resolution No. 4, Series of 1987. Background Rationale: The Colorado Municipal League is asking local municipalities to support the continuance of the lottery expanding into LOTTO and to retain the current distribution formula. This support will be shown to the 1987 General Assembly for the State of Colorado. Staff Recommendation: Approve Resolution No. 4, Series of 1987. -2- • 1 9:45 11. Total Beauty Centre Sign Variance Request Kristan Pritz Action Requested of Council: Review the sign variance request and determine if the variance should be approved or denied. Background Rationale: Total Beauty Centre is located on the second floor above Alpine Gold in Vail Village Inn Phase II. The applicant is requesting to have three signs (two on the awning and one wooden sign in the covered entry) with a total square footage of 7.3 sq. ft. Under the sign code, a second story business is allowed one sign of 3 sq. ft. at the entry point into the building. The applicant is requesting two additional signs beyond the one sign that is allowed as well as an additional 4.3 sq. ft. of signage for the business. On January 7, 1987, the Design Review Board recommended to Town Council to approve the two signs on the awning but to deny the wooden sign. The vote was 5-0 in support of the motion. The variance for the awning was considered reasonable as Total Beauty has a visibility problem due to: 1) a second floor location, 2) the entrance is located on the second tier of shops, and 3) a covered walkway blocks the visibility of the awning signage and entry, particularly from East Meadow Drive. Staff Recommendation: The staff supports the variance for the awning and recommends denial of the request for the additional wooden sign in the covered entry way. At this time, the applicant is requesting approval for the entire variance. For this reason, staff must recommend denial of the proposal as a whole. Please note that the Council may approve the application "subject to such modifications as it deems necessary to accomplish the purpose of this title." Section 16.36.080 CITIZEN PARTICIPATION 12. Town Manager's Report 13. Adjournment -3- MINUTES VAIL TOWN COUNCIL MEETING JANUARY 6, 1987 7:30 p.m. A regular meeting of the Vail Town Council was held on Tuesday, January 6, 1987, at 7:30 p.m. in the Council Chambers. MEMBERS PRESENT: Paul Johnston, Mayor Kent Rose, Mayor Pro Tem Eric Affeldt Gordon Pierce John Slevin Hermann Staufer MEMBERS NOT PRESENT: Gail Wahrlich-Lowenthal TOWN OFFICIALS PRESENT: Ron Phillips, Town Manager Larry Eskwith, Town Attorney Pam Brandmeyer, Town Clerk The first order of business was the approval of the December 2 and 16, 1986 minutes. Gordon Pierce made a motion to approve both sets of minutes, and John Slevin seconded. A vote was taken and the motion passed unanimously 6-0. The next item was Ordinance No. 32, Series of 1986, first reading, concerning amendment of the zoning map for a parking district. The full title was read by Mayor Johnston. The item was requested by all involved parties to be tabled indefinitely. The third item was Ordinance No. 3, Series of 1987, first reading, pertaining to zoning for Vail das Schone, Vail Heights, and Vail Ridge areas of West Vail. Mayor Johnston read the title in full. Peter Patten explained the ordinance and the reasoning for it. There was some discussion and a request to clarify the spelling of a person identified in the ordinance. After a short discussion by Council, Hermann Staufer made a motion to approve the ordinance, and Gordon Pierce seconded. A vote was taken and the motion passed unanimously 6-0. The next item for discussion was Ordinance No. 1, Series of 1987, first reading, to zone Parcel A west of the Texaco Station in West Vail. The title was read in full by Mayor Johnston. Rick Pylman gave background information on the ordinance and why the zoning changes were being requested by the applicant. He cited criteria used to evaluate the request and gave staff's recommendation for approval. Jay Peterson, representing the applicant, the Wend Group Partnership, answered questions from the Council. Eric Affeldt made a motion to approve the ordinance, which Kent Rose -seconded. A vote was taken and the motion passed unanimously 6-0. The fifth item on the agenda was Ordinance No. 2, Series of 1987, first reading, a request to rezone two lots in Vail Village First Filing to create one primary/secondary lot and two single family lots. Mayor Johnston read the full title of the ordinance. Rick Pylman explained the reasoning for the rezoning request, listed the criteria used in evaluating the request and why the staff recommended approval of the request. Gunther Hoffler asked questions to which Peter Patten responded. Mr. Allie Lane made remarks as to why he was against approval; Mayor Johnston, Larry Eskwith and Peter Patten responded. There was more discussion by Gunther Hoffler, Tom Braun, Larry Eskwith and Ron Phillips. Jay Peterson, representing the applicant, gave reasons why the applicant wanted approval. After a short discussion by Council, Kent Rose made a motion to approve the ordinance with the stipulation all of staff's recommendations in the staff memorandum dated December 22, 1986 to the PEC were followed, plus adding one more item to bring Lot 14 into compliance before the plat is signed. John Slevin seconded. A vote was taken and the motion passed 5-0, with Gordon Pierce abstaining due to his involvement in the project. The next item on the agenda was Resolution No. 1, Series of 1987, concerning the formation of the Vail das Schone, Vail Ridge, Buffehr Creek and Vail Heights street improvement district. Larry Eskwith explained the reasoning for the resolution and he and Stan Berryman answered questions from the Council. Dave Tyrrell had questions as to what had been agreed upon, to which Ron Phillips and Larry Eskwith ~I responded. A motion to approve the resolution was made by Gordon Pierce, and seconded by Kent Rose. A vote was taken and the motion passed unanimously 6-0. The seventh item was Resolution No. 2, Series of 1987, extending approval for the Vail Village Inn Special Development District No. 6. Tom Braun gave background information on the resolution and why there was a request for a time extension. Jay Peterson, representing the applicant, gave reasons why the applicant wanted approval. After a short discussion by Council, Kent Rose made a motion to approve the resolution, which Eric Affeldt seconded. A vote was taken and the motion passed 5-0, with Gordon Pierce abstaining. The next item for discussion was the Ambrosia Restaurant sign variance request. Susan Scanlan gave background information on the request, explained the sign code, gave criteria used in the evaluation of the request, and why the staff recommended denial. Jay Peterson, representing the applicant, explained why he felt the request should be approved and why he disagreed with Susan. He presented photographs of the area to the Council. After some discussion by Council, John Slevin made a motion to approve the variance request, and Gordon Pierce seconded. There was more discussion of the issue by Peter Patten, Jay Peterson, Ron Phillips and Councilmembers. A vote was then taken and the motion was denied by a vote of 3-3, with Mayor Johnston, Kent Rose and Eric Affeldt opposing. A tie vote represents denial. There was no Citizen Participation. The Town Manager's Report was next. Ron Phillips noted Peter Burnett found families with five foster children and worked with the Police Department, which found five bicycles, to give the bicycles to the children in time for Christmas. Ron stated a letter was received from one foster parent thanking everyone. Ron then stated bus ridership for December had been down one percent overall from 1985, but that from Thanksgiving to the end of the year, the ridership was up 2,000 riders, and on New Year's Eve it was up by 4,000 riders. He noted revenues showed a one percent increase at the Transportation Center, while Lionshead was down five percent. To date, the Village parking structure had filled 13 times compared to 8 in 1985, and the Lionshead parking structure had filled 3 times compared to 2 in 1985. He also stated the Teen Cafe and Center would be throwing an Appreciation Party Thursday, January 8, 5:00 p.m. - 7:00 p.m. before it opens to the public on Friday, January 9. He said it would be appreciated if all the Councilmembers could attend the party on Thursday evening. There being no further business, the meeting was adjourned at 9:30 p.m. Respectfully submitted, Paul R. Johnston, Mayor ATTEST: Pamela A. Brandmeyer, Town Clerk Minutes taken by Brenda Chesman -2- MINUTES VAIL TOWN COUNCIL MEETING JANUARY 20, 1987 7:30 p.m. A regular meeting of the Vail Town Council was held on Tuesday, January 20, 1987, at 7:30 p.m. in the Council Chambers. MEMBERS PRESENT: Eric Affeldt Gail Wahrlich-Lowenthal Gordon Pierce Hermann Staufer MEMBERS NOT PRESENT: Paul Johnston, Mayor Kent Rose, Mayor Pro Tem John Slevin TOWN OFFICIALS PRESENT: Ron Phillips, Town Manager Larry Eskwith, Town Attorney Pam Brandmeyer, Town Clerk The first order of business was a consent agenda for the following ordinances: A. Ordinance No. 3, Series of 1987, second reading, pertaining to zoning for Vail das Schone, Vail Heights, and Vail Ridge areas of West Vail. B. Ordinance No. 1, Series of 1987, second reading, to zone Parcel A west of the Texaco Station. C. Ordinance No. 2, Series of 1987, second reading, a request to rezone two lots in Vail Village First Filing to create one primary/secondary lot and two single family lots. Hermann Staufer stated if anyone wanted to discuss any of these, to speak up and the item would be pulled from the consent agenda. Ron Phillips reiterated that after the titles were read, if anyone wanted to discuss an item to speak out, or all would be acted on together. He then read the full titles of the ordinances. Corey Schmidt commented on Ordinance No. 1, that as a property owner in that area, he wanted to request the Town look closely at any signage requests and also landscaping of the area. Jay Peterson, representing the applicant, agreed. Rick Pylman updated the Council regarding Ordinance No. 2 on some findings since the last Evening Meeting. Jay Peterson, representing the applicant, agreed with Rick on the items, but requested the Council to indulge letting someone stay in a third unit until the end of the ski season because of certain circumstances. At this time, Eric Affeldt asked to remove item C from the Consent Agenda. Gail Wahrlich-Lowenthal made a motion to approve the Consent Agenda items A and B, which Gordon Pierce seconded. A vote was taken and the motion passed unanimously 4-0. Peter Patten then explained the problems he had with Ordinance No. 2. Larry Eskwith gave additional comments on the legal ramifications involved. There was much discussion on the violation by Peter Patten, Ron Phillips, Larry Eskwith and Jay Peterson. Dick Bownel, the applicant, gave his thoughts on the situation, and stated he would do whatever was necessary. After discussion by Council, Jay Peterson and Peter Patten, Eric Affeldt made a motion to approve the ordinance with instructions to the staff to do whatever was necessary to bring the place into compliance with the ordinance. Gail Wahrlich-Lowenthal seconded the motion. Gordon Pierce then stated he would have to abstain from voting due to a conflict of interest. Therefore, Jay Peterson requested the ordinance be tabled until the next Evening Meeting, and Eric Affeldt withdrew the motion to approve. At this time, Larry Eskwith noted that Ordinance No. 4, Series of 1987, first reading, which had originally been Ordinance No. 32, Series of 1986, first reading, concerning amendment of the Zoning Map for a parking district and had been tabled for several meetings, needed to be tabled again due to some negotiations between Breakaway West and the property owner. Gordon Pierce made a motion to table the ordinance indefinitely, which was seconded by Eric Affeldt. A vote was taken and the motion passed unanimously 4-0. The next item was the Colorado Department of Highways presentation and public meeting regarding the I-70 West Corridor Study. Larry Pearson of the Northwest Colorado Council of Governments (NWCCOG) briefly stated what the purpose of the presentation and public meeting was and introduced Marilyn Ragusa and Larry Metternick of the Department of Highways. Marilyn gave a slide presentation showing what the Committee was trying to do and stated facts. She then asked for public input, and handouts were passed out to the public to turn in later if anyone thought of something after the meeting was over. Ron Phillips stated the Council's position on hazardous materials and requested the Committee to study and address hazardous waste more strongly and to please make it an issue of the report. Gunther Hoffler asked questions about pollution and air quality of more traffic, to which Marilyn responded. Larry Pearson said they would take a look at it. A citizen asked about entrance/exit ramps in town, the use of traffic circles, and how would signalization work. Hermann Staufer and Larry Pearson responded. Marilyn made comments on what the Committee was addressing, and that this was a local issue. Pat Dodson asked about bike paths, and Peter Patten asked if there was any consideration of landscaping and revegetation of the scars from the corridor construction in the scope of the study. Marilyn and Larry Pearson discussed the items. Dick Duran asked about limiting speed of trucks, and Larry Metternick responded. Pat Dodson asked about pedestrian crossings and if any thought had been given to them. Larry Metternick said that was a local level item, not one for this three county study. Larry Pearson stated he did not want to raise anyone's expectations as to what the Committee could actually study or add to the report because Federal money for funding these things had been greatly reduced. Hermann Staufer then thanked them for their report and taking notes of concerns by the public. The third item was the Total Beauty Centre sign variance request, which had been tabled by request of the applicant. Citizen Participation was next. Gunther Hoffler expressed his concern over the two lots for sale at the Raspberry House .and that a single family home could possibly become a two family home. Larry Eskwith explained it would be a long process for that to happen. There was no Town Manager's Report. There being no further business, the meeting was adjourned at 8:50 p.m. Respectfully submitted, Paul R. Johnston, Mayor ATTEST: Pamela A. Brandmeyer, Town Clerk Minutes taken by Brenda Chesman -2- ORDINANCE NO. 2 Series of 1987 AN ORDINANCE REZONING CERTAIN PARCELS OF PROPERTY DESCRIBED AS PARCEL B AND PARCEL C, A RESUBDIVISION OF LOTS 14 AND 17, BLOCK 7, VAIL VILLAGE, FIRST FILING, TOWN OF VAIL, EAGLE COUNTY, COLORADO; DESIGNATING SAID ZONING DISTRICTS FOR THE SUBJECT PROPERTY; SETTING FORTH DETAILS RELATING THERETO; AND AMENDING THE OFFICIAL ZONING MAP IN RELATION TO THE SUBJECT PROPERTY WHEREAS, the property to be rezoned hereby lies within the jurisdiction of the Town of Vail; and WHEREAS, the Planning and Environmental Commission has considered the appropriate zoning for the subject property and unanimously recommended to the Town Council rezone Parcels B and C Single Family Residential; and WHEREAS, the Town Council considers it in the public interest to zone said property Single Family Residential. NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO, THAT: Section 1. The Town Council finds that the procedures for the provision of rezoning property have been fulfilled, and that the Town Council hereby receives the report of the recommendation of the Planning and Environmental Commission recommending the rezoning of the subject property. Section 2. Pursuant to Section 18.66.100 of the Vail Municipal Code, parcels of property described as Parcel B and Parcel C, a resubdivison of Lots 14 and 17, Block 7, Vail Village First Filing, Town of Vail, Eagle County, Colorado, are rezoned to Single Family Residential (SFR). Section 3. As provided in the ordinances of the Town of Vail, the zoning administrator is hereby directed to modify and amend the official zoning map to include the zoning specified in Section Two (2) above. Section 4. 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. 0 .i Section 5. 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. Section 6. The repeal or the repeal and reenactment of any provisions of the Vail Municipal 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 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. INTRODUCED, READ AND PASSED ON FIRST READING THIS 6th DAY OF January 1987, and a public hearing shall be held on this ordinance on the 6th day of January , 1987 at 7:30 p.m. in the Council Chambers of the Vail Municipal Building in Vail, Colorado. Ordered published in full this 6th day of January 1987. Paul R. Johnston, Mayor ATTEST Pamela A. Brandmeyer, Town Clerk INTRODUCED, READ AND APPROVED ON SECOND READING AND ORDERED PUBLISHED this day of 1987. Paul R. Johnston, Mayor ATTEST: 0 ORDINANCE NO. 5 Series of 1987 AN ORDINANCE AMENDING SECTIONS 3.36.150 AND 3.36.160 OF CHAPTER 3.36 RECREATION AMENITIES TAX AND FUND TO PROVIDE THAT THE REVENUES RECEIVED FROM THE RECREATIONAL AMENITIES TAXES SHALL BE PAID INTO THE CAPITAL PROJECTS FUND RATHER THAN A SEPARATE RECREATIONAL AMENITIES FUND; AND SETTING FORTH DETAILS IN REGARD THERETO. WHEREAS, the Town Council wishes to simplify the Town's budget accounting process by reducing the number of funds which presently exist within the Town. NOW, THEREFORE, be it ordained by the Town Council of the Town of Vail, Colorado, as follows: Section 1. Section 3.36.150 Fund Created is hereby repealed and reenacted with amendments to read as follows: 3.36.150 Revenues Paid Into Capital Projects Fund All recreational amenities taxes collected pursuant to this Chapter shall be paid into the Capital Projects Fund. The Finance Director shall maintain a special account for said revenues. Section 2. Section 3.36.160 Fund - Purpose is hereby repealed and reenacted with amendments to read as follows: 3.36.160 Purpose By resolution, the Town Council shall appropriate available revenues from the Recreational Amenities Tax from the Capital Projects Fund for the acquisition, development or maintenance of land, buildings, or facilities in the Town to be used only for recreational purposes, including but not limited to such recreational amenities as parks, picnic areas, playgrounds, open land, athletic fields, skating rinks, golf courses, tennis courts, handball courts, bicycle paths, pedestrian paths, and hiking trails. Section 3. 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. Section 4. 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. Section 5. The repeal or the repeal and reenactment of any provision of the Vail Municipal 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 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. INTRODUCED, READ AND APPROVED ON FIRST READING THIS day of , 1987, and a public hearing shall be held on this Ordinance on the day of , 1987 at 7:30 p.m. in the Council Chambers of the Vail Municipal Building, Vail, Colorado. Ordered published in full this day of 1987. Paul R. Johnston, Mayor ATTEST: Pamela A. Brandmeyer, Town Clerk INTRODUCED, READ AND APPROVED ON SECOND READING AND ORDERED PUBLISHED this day of 1987. Paul R. Johnston, Mayor ATTEST: Pamela A. Brandmeyer, Town Clerk -2- TO: Town Council FROM: Community Development Department DATE: February 3, 1987 SUBJECT: A request to amend the Vail Municipal Code, adding Section 18.08.060 titled "Property Without a Zone Designation" Applicant: Town of Vail The Town of Vail is requesting this amendment as a housekeeping operation. Recently several issues have been addressed by the staff, Planning and Environmental Commission and the Town Council which related to properties coming into the jurisdiction of the Town of Vail without an official zone district designation. In researching the issue, both Community Development staff and Town Attorney recognized that most municipal codes contain a clause similar to this requested amendment. As you may recall, this issue was brought to the Planning Commission and subsequently addressed by the Town Council on December 2, 1986. Discussion of the amendment led to a tabling of the request. The staff has made revisions as discussed at Council and we have taken this back to Planning Commission. The Planning Commission did unanimously approve the revised wording of the request. The Community Development Department feels that the revisions made to this request as suggested by Council are a benefit, and we recommend approval of this action. TO: Planning and Environmental Commission FROM: Community Development Department DATE: January 12, 1987 SUBJECT: A request to amend the Vail Municipal Code, adding Section 18.08.060 titled, "Property Without a Zone Designation": Applicant: Town of `Jail The Town of Vail is requesting this amendment as a housekeeping operation. Recently, several issues have been addressed by the Town staff, Planning and Environmental Commission and Town Council which related to properties coming into the jurisdiction of the Town of Vail without an official zone district designation. Land use law related to this issue is unclear. There have been arguments made stating that no zoning means that there are no development restrictions in place, and there have also been arguments made that no zoning means that no development at all is allowed. In researching this issue, both the Community Development staff and the Town Attorney recognized that most municipal zoning codes contain a clause similar to this requested amendment. Chapter 18.08 of the Vail municipal code refers to adoption and utilization of the official Town of Vail zoning map. Since this proposed amendment is in reference to both the zoning code and the zoning map, we felt that the addition of this amendment as Section 18.08.060 would be the appropriate place within the Vail municipal code for this language. The amendment shall read: "Any land, lot, or site within the Town of Vail municipal boundary which, according to the official zoning map, does not have a designated zone district shall be designated Green Belt and Natural Open Space zone district. Newly annexed property will not be zoned for a period of not more than 90 days or any additional period of time agreed upon between the property owners of said property and the Town for the imposition of zoning." There are three criteria with which we normally review proposed zoning amendments to the municipal code. The first criteria being the suitability of the existing zoning. The proposed amendment is intended to address zoning on parcels that have had no such previous designation. This amendment, by designating unzoned parcels as Green Belt and Natural Open Space, will allow us to avoid potential legal arguments involved with unzoned property and also will give us a basis with which to evaluate any potential rezoning requests that the involved parcels may be subject to. The second criteria utilized in evaluation of municipal code amendments is whether or not the amendment is presenting a convenient, workable relationship among land uses consistent with municipal objectives. The third criteria relates to whether the proposal provides for the growth of an orderly and viable community. The Community Development staff feels that the proposed amendment does meet both of the above mentioned criteria. The amendment will enable us to review future requests without the confusion associated with zoning requests and development requests on previously unzoned property. While the recently approved Land Use Plan provides advisory uses for all property within and around the Town of Vail, the actual zoning itself becomes a legal parameter for use of property within the Town of Vail. Through this amendment, we will provide zoning on all property that may be within the Town of Vail boundaries. This will avoid the philosophical conflicts that unzoned property has with the criteria described above. STAFF RECOMMENDATION The staff recommends approval of the request. As we stated previously, we feel this is essentially a housekeeping operation. Through research done involving recent issues, we have learned that most municipal zoning codes contain such a similar clause. We feel that this amendment not only meets our criteria, but will help us evaluate future proposals against that same criteria and therefore encourage the Planning Commission to adopt this proposal. 4 ORDINANCE NO. 6 Series of 1987 AN ORDINANCE AMENDING THE VAIL MUNICIPAL CODE, ADDING SECTION 18.08.060, TITLED PROPERTY WITHOUT A ZONE DESIGNATION, TO READ: "ANY LAND, LOT, OR SITE WITHIN THE TOWN OF VAIL MUNICIPAL BOUNDARY WHICH, ACCORDING TO THE OFFICIAL ZONING MAP, DOES NOT HAVE A DESIGNATED ZONE DISTRICT, SHALL BE DESIGNATED GREEN BELT AND NATURAL OPEN SPACE ZONE DISTRICT. NEWLY ANNEXED PROPERTY WILL NOT BE ZONED FOR A PERIOD OF NOT MORE THAN 90 DAYS OR ANY ADDITIONAL PERIOD OF TIME AGREED UPON BETWEEN THE PROPERTY OWNERS OF SAID PROPERTY AND THE TOWN OF VAIL FOR THE IMPOSITION OF ZONING." WHEREAS, the Town of Vail has submitted an application to amend the Municipal code of the Town of Vail by the addition of Section 18.08.060; and WHEREAS, the proposed amendment is consistent with the intent of Chapter 18 of the Municipal Code of the Town of Vail to provide for the growth of an orderly, viable community; and WHEREAS, the Planning and Environmental Commission has recommended approval of this amendment to the Town Council; and WHEREAS, such amendment must be approved by the Town Council of the Town of Vail; and WHEREAS, the Town Council considers it reasonable, appropriate and beneficial to the Town, its citizens, inhabitants and visitors to add Section 18.08.060. NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO, THAT: Section 1. Section 18.08.060 shall be added to the Municipal Code of the Town of Vail to read as follows: Section 18.08.060 Any land, lot, or site within the Town of Vail Municipal boundary which, according to the official zoning map, does not have a designated zone district, shall be designated Green Belt and Natural Open Space zone district. Newly annexed property will not be zoned for a period of not more than 90 days or any additional period of time agreed upon between the property owners of said property and the Town for the imposition of zoning. 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 parts, 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 of Vail and the inhabitants thereof. Section 4. The repeal or the repeal and reenactment of any provisions of the Vail Municipal 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 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. INTRODUCED, READ AND PASSED ON FIRST READING THIS DAY OF 1987, and a public hearing shall be held on this ordinance on the day of , 1987 at 7:30 P.M. in the Council Chambers of the Vail Municipal Building in Vail, Colorado. Ordered published in full this day of 1987. Paul R. Johnston, Mayor ATTEST Pamela A. Brandmeyer, Town Clerk INTRODUCED, READ AND APPROVED ON SECOND READING AND ORDERED PUBLISHED this day of 1987. Paul R. Johnston, Mayor ATTEST: Pamela A. Brandmeyer, Town Clerk D15403 01/28/87 } CERTIFIED RECORD OF PROCEEDINGS OF THE TOWN COUNCIL OF THE TOWN OF VAIL EAGLE COUNTY. COLORADO RELATING TO AN ORDINANCE AUTHORIZING THE ISSUANCE OF ITS BOND ANTICIPATION NOTES SERIES 1987 DATED MARCH 15, 1987 IN THE AGGREGATE PRINCIPAL AMOUNT OF $3,200,000 STATE OF COLORADO ) COUNTY OF EAGLE ) ss. TOWN OF VAIL ) The Town Council of the Town of Vail, Eagle County, Colorado, met in regular session in full conformity with the Town Charter, ordinances, and all other applicable laws, rules, and regulations at the Municipal Building in Vail, Colorado, on Tuesday, the 3rd day of February, 1987, at the hour of 7:30 p.m. The following members of the Town Council were present, constituting a quorum thereof: Mayor: Paul R. Johnston Mayor Pro-Tem: Kent Rose Council Members: Eric Affeldt John Slevin Gordon Pierce Hermann Staufer Gail Warlich-Lowenthal The following members of the Town Council were absent: Council Members: The following persons were also present: Town Manager: Rondall Phillips Town Clerk: Pamela A. Brandmeyer Town Finance Director: Charles Wick Town Attorney: Lawrence A. Eskwith Thereupon the following proceedings, among others, were had and taken: Council Member introduced and moved the approval on first reading of the following Ordinance, which was thereupon read by title, copies of the full Ordinance having been available in the office of the Town Clerk for each Council Member and for inspection and copying by the general public prior to the time the Ordinance was introduced: D15403 1 01/28/87 ORDINANCE NO. 7 SERIES OF 1987 AN ORDINANCE AUTHORIZING THE ISSUANCE BY THE TOWN OF VAIL, EAGLE COUNTY, COLORADO, OF ITS BOND ANTICIPATION NOTES, SERIES 1987, IN THE AGGREGATE PRINCIPAL AMOUNT OF $3,200,000, FOR THE PURPOSE OF ACQUIRING THE SINGLETREE GOLF COURSE AND RELATED PROPERTIES AND FACILITIES. WHEREAS, the Town of Vail, Eagle County, Colorado (the "Town"), has need for and desires to acquire the Singletree Golf Course and certain related properties and facilities (the "Project") ; and WHEREAS, the Town is authorized pursuant to its Charter and part 1 of article 14 of title 29, Colorado Revised Statutes, as amended, to issue bond anticipation notes in anticipation of the issuance by the Town at a later date of land transfer tax anticipation warrants and to make such bond anticipation notes payable from the proceeds of the sale of such land transfer tax anticipation warrants or additional bond anticipation notes and other moneys of the Town legally available for such purpose, including land transfer taxes and sales taxes imposed by the Town; and WHEREAS, the Town is authorized pursuant to its Charter to issue land transfer tax anticipation warrants or additional bond anticipation notes by action of the Town Council without an election; and WHEREAS, the Town has heretofore pursuant to,Ordinance No. 26, Series of 1979, as amended, imposed a one percent (1%) land transfer tax on transfers of real property located within the Town and dedicated the proceeds thereof (the "Land Transfer Taxes") to the acquisition of properties to be used for parks, recreation, open space and similar purposes; and WHEREAS, the Town has heretofore pursuant to Ordinance No. 11, Series of 1973, as amended, imposed a four percent (4%) sales tax on sales of tangible personal property and the furnishing of services within the Town and devoted and specifically earmarked one-half of the proceeds thereof (the "Sales Taxes") for the acquisition of real estate and the acquisition, construction and equipping of buildings and facilities; and D15403 2 01/28/87 WHEREAS, the Town has heretofore pursuant to Ordinance No. 23, Series of 1985, as amended, issued its General Obligation Refunding Bonds, Series 1985, dated November 15, 1985, in the aggregate principal amount of $21,715,000 (the "Bonds") and pledged the Sales Taxes to the payment thereof in such a manner that the registered owners of the Bonds have a first lien on the Sales Taxes; and WHEREAS, the Town has heretofore pursuant to Ordinance No. 13, Series of 1984, issued its Refunding Land Transfer Tax Anticipation Warrants, Series 1984, dated May 15, 1984, in the aggregate principal amount of $3,965,000 (the "Warrants") and pledged the Land Transfer Taxes and the Sales Taxes to the payment thereof in such a manner that the registered owners of the Warrants have a first lien on the Land Transfer Taxes and a second lien on the Sales Taxes; and WHEREAS, the Town Council hereby determines that it is reasonable, necessary and prudent at this time to issue its Bond Anticipation Notes, Series 1987, dated March 15, 1987, in the aggregate principal amount of $3,200,000 (the "Notes"), in order to acquire the Project and further to provide for the payment of the Notes as hereinafter provided;.and WHEREAS, a proposal for the purchase of the Notes upon terms favorable to the Town has been received from Kirchner Moore & Company, Denver, Colorado (the "Purchaser"), which the Town Council has determined to accept; and WHEREAS, there has been filed with the Town Clerk a form of Note Purchase Agreement, dated February 1987 (the "Note Purchase Agreement"), between the Town and the Purchaser. THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, EAGLE COUNTY, COLORADO, THAT: 1. Award of Contract. The contract for the purchase of the Notes is hereby awarded to the Purchaser at the price specified in the Note Purchase Agreement and upon the terms set forth in this Ordinance. 2. Authorization and Description. The Town shall issue the Notes for the purpose of acquiring the Project. The Notes shall be issued in fully registered form in denominations of $5,000 or any integral multiple thereof. Pursuant to the recommendations of the Committee on Uniform Security Identification Procedures, CUSIP numbers may be printed on the Notes. D15403 3 01/28/87 The Notes shall mature on October 1, 1987. The Town Council hereby estimates and determines that the time needed to effect the purposes for which the Notes are issued is not less than the term of the Notes. The Notes shall bear interest from March 15, 1987, to their maturity date at the rate of percent per annum. Said interest shall be payable on October 1, 1987. If upon presentation at maturity the principal of any Note is not paid as provided herein, interest shall continue thereon at the same interest rate until the principal is paid in full. 3. Maximum Net Effective Interest Rate. The maximum net effective interest rate for the Notes shall be 8% per annum. The actual net effective interest rate on the Notes is % per annum. 4. Nature of Obligation. The Notes shall be special and limited obligations of the Town and shall be payable as to principal and interest solely out of the net proceeds of the first land transfer tax anticipation warrants hereafter issued by the Town (the "Anticipated Bonds") or any bond anticipation notes issued in substitution for the Notes (the "Replacement Notes"), when and if issued, sold and delivered, and any Land Transfer Taxes and Sales Taxes remaining in any fiscal'year after payment or provision for payment of the principal of and interest on the Bonds and the Warrants or any securities on a parity therewith due in said year have been made in full (the "Pledged Revenues"). The registered owners of the Notes may not look to any general or other fund of the Town for payment of the principal of or interest on the Notes, except the special fund hereinafter specified. The Notes shall not constitute an indebtedness or a debt of the Town within the meaning of any constitutional, Charter or statutory provision or limitation of the State of Colorado or the Town, and the full faith and credit of the Town shall not be pledged for payment of the principal of or interest on the Notes. The Notes shall constitute an irrevocable and exclusive first lien upon the net proceeds of the Anticipated Bonds or the Replacement Notes, when and if issued, sold and delivered, an irrevocable but not necessarily exclusive second lien upon the Land Transfer Taxes, and an irrevocable but not necessarily exclusive third lien upon the Sales Taxes. 5. Pavment of Principal and Interest. The principal of and interest on the Notes shall be payable in lawful money of the United States of America to the registered owners of the Notes by , Denver, Colorado, or its successors, as paying agent (the "Paying Agent"), upon D15403 4 01/28/87 presentation and surrender thereof at maturity. Except as hereinafter provided, the interest shall be payable to the registered owner of each Note determined as of the close of business on the fifteenth day of the calendar month next preceding the interest payment date (the "Regular Record Date"), irrespective of any transfer of ownership of the Note subsequent to the Regular Record Date and prior to such interest payment date, by check or draft mailed to such registered owner at the address appearing on the registration books of the Town maintained by , Denver, Colorado, or its successors, as registrar (the "Registrar"). Any interest not paid when due and any interest accruing after maturity shall be payable to the registered owner of each Note entitled to receive such interest determined as of the close of business on the date fixed by the Paying Agent for such purpose (the "Special Record Date"), irrespective of any transfer of ownership of the Note subsequent to the Special Record Date and prior to the date fixed by the Paying Agent for the payment of such interest, by check or draft mailed as aforesaid. Notice of the Special Record Date and of the date fixed for the payment of such interest shall be given by sending a copy thereof by certified or registered first-class postage prepaid mail, at least ten (10) days prior to the Special Record Date, to the Purchaser and to the registered owner of each Note upon which interest will be paid determined as of the close of business on the day preceding such mailing at the address appearing on the registration books of the-Town maintained by the Registrar. 6. Redemption. The Notes shall not be subject to optional redemption prior to their maturity date. 7. Execution and Authentication. The Notes shall be signed by and on behalf of the Town with the signature of the Mayor, shall bear the seal of the Town, and shall be signed and attested with the signature of the Town Clerk. Any such signatures or seals may be affixed pursuant to part 1 of article 55 of title 11, Colorado Revised Statutes, as amended. Should any officer whose signature appears on the Notes cease to be such officer before issuance or authentication of any Note, such signature shall nevertheless be valid and sufficient for all purposes. No Note shall be valid or become obligatory for any purpose or be entitled to any security or benefit under this Ordinance unless and until the certificate of authentication on such Note shall have been duly executed by the Registrar, and such executed certificate upon any such Note shall be conclusive evidence that such Note has been authenticated and delivered under this Ordinance. The certificate of authentication on any Note shall be deemed to have been duly executed by the Registrar if signed by an authorized officer or signatory thereof, but it shall not be necessary that the same officer or signatory sign the certificate of authentication on all of the Notes. D15403 5 01/28/87 8. Registration. Transfer, and Exchange. Upon their execution and authentication and prior to their delivery the Notes shall be registered for the purpose of payment of principal and interest with the Registrar. Thereafter, the Notes shall be transferable only upon the registration books of the Town by , Denver, Colorado, or its successors, as transfer agent (the "Transfer Agent") at the request of the registered owner thereof or his, her or its duly authorized attorney-in-fact or legal representative. The Registrar or Transfer Agent shall accept a Note for registration or transfer only if the registered owner is to be an individual, a corporation, a partnership, or a trust. A Note may be transferred upon surrender thereof together with a written instrument of transfer duly executed by the registered owner or his, her or its duly authorized attorney-in-fact or legal representative with guaranty of signature satisfactory to the Transfer Agent, containing written instructions on the details of the transfer, along with the social security number or federal employer identification number of the transferee and, if the transferee is a trust, the names and social security numbers of the settlors and the beneficiaries of the trust. The Transfer Agent shall not be required to transfer ownership of any Note during the fifteen (15) days prior to the first mailing of any notice of redemption or to transfer ownership of any Note selected for redemption on or after the date of such mailing. The registered owner of any Note or Notes may also exchange such Note or Notes for another Note or Notes of authorized denominations. Transfers and exchanges shall be made at the expense of the transferor or exchanger, and the Transfer Agent may also require payment of a sum sufficient to defray any tax or other governmental charge that may hereafter be imposed in connection with any transfer or exchange of Notes. No transfer of any Note shall be effective until entered on the registration books of the Town. In the case of every transfer or exchange, the Registrar shall authenticate and the Transfer Agent shall deliver to the new registered owner a new Note or Notes of the same aggregate principal amount as the Note or Notes surrendered. Such Note or Notes shall be dated as of their date of authentication. New Notes delivered upon any transfer or exchange shall be valid obligations of the Town, evidencing the same obligations as the Notes surrendered, shall be secured by this Ordinance, and shall be entitled to all of the security and benefits hereof and thereof to the same extent as the Notes surrendered. The Town may deem and treat the person in whose name any Note is last registered upon the registration books of the Town maintained by the Registrar as the absolute owner thereof for the purpose of receiving payment of the principal of and interest on such Note and for all other purposes, and all such payments so made to such person or upon his order shall be valid and effective to satisfy and discharge the liability of the D15403 6 01/28/87 Town upon such Note to the extent of the sum or sums so paid, and the Town shall not be affected by any notice to the contrary. 9. Form of Notes. The Notes shall be in substantially the following form: D15403 7 01/28/87 [Form of Note] (Text of Face) UNITED STATES OF AMERICA STATE OF COLORADO COUNTY OF EAGLE TOWN OF VAIL BOND ANTICIPATION NOTE SERIES 1987 No. R- $ INTEREST MATURITY ORIGINAL RATE DATE DATE CUSIP % October 1, 1987 March 15, 1987 REGISTERED OWNER: PRINCIPAL SUM: The Town of Vail, in the County of Eagle and State of Colorado, for value received, hereby promises to pay to the Registered Owner (specified above), or registered assigns, solely from the special fund hereinafter specified, the Principal Sum (specified above), in lawful money of the United States of America, on the Maturity Date (specified above), with interest thereon from March 15, 1987, to the Maturity Date at the per annum Interest Rate (specified above), payable on October 1, 1987, in the manner provided herein. If upon presentation at maturity the principal of this Note is not paid as provided herein, interest is to continue thereon at the same interest rate until the principal is paid in full. REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS NOTE SET FORTH ON THE REVERSE HEREOF. D15403 8 01/28/87 This Note shall not be valid or become obligatory for any purpose or be entitled to any security or benefit under the Ordinance authorizing the issuance of this Note until the certificate of authentication hereon shall have been signed by the registrar. IN TESTIMONY WHEREOF, the Town of Vail, Eagle County, Colorado, has caused this Note to be signed in its name and on its behalf with the (facsimile) (manual) signature of its Mayor, to be sealed with (a facsimile of) its seal, and to be signed and attested with the (facsimile) (manual) signature of its Town Clerk. TOWN OF VAIL Eagle County, Colorado (TOWN) By: .(Facsimile or Manual Sianature)_ (SEAL) Mayor ATTEST: (Facsimile or Manual Sianature) Town Clerk DATED: D15403 9 01/28/87 CERTIFICATE OF AUTHENTICATION This Note is one of the series issued pursuant to the Ordinance therein described. Printed on the reverse hereof is the complete text of the opinion of bond counsel, Ballard, Spahr, Andrews & .Ingersoll, Denver, Colorado, a signed copy of which, dated the date of the first delivery of the Notes therein described, is on file with the undersigned. as registrar By: (Manual Siqnature) Authorized Officer or Signatory ABBREVIATIONS The following abbreviations, when used in the inscription on the face of this Note, shall be construed as though they were written out in full according to applicable laws or regulations. TEN COM - as tenants in common TEN ENT - as tenants by the entireties JT TEN - as joint tenants with right of survivorship and not as tenants in common UNIF GIFT MIN ACT - Custodian (Cust) (Minor) under Uniform Gifts to Minors Act (State) Additional abbreviations may also be used though not on the above list. D15403 10 01/28/87 (Text of Reverse) The principal of and interest on this Note are payable to the Registered Owner by , Denver, Colorado, or its successors, as paying agent, upon presentation and surrender of this Note at maturity. Except as hereinafter provided, the interest is payable to the Registered Owner determined as of the close of business on the regular record date, which is the fifteenth day of the calendar month next preceding the interest payment date, irrespective of any transfer of ownership hereof subsequent to the regular record date and prior to such interest payment date, by check or draft mailed to the Registered Owner at the address appearing on the registration books of the Town maintained by , Denver, Colorado, or its successors, as registrar. Any interest hereon not paid when due and any interest hereon accruing after maturity is payable to the Registered Owner determined as of the close of business on the special record date, which is to be fixed by the paying agent for such purpose, irrespective of any transfer of ownership of this Note subsequent to the special record date and prior to the date fixed by the paying agent for the payment of such interest, by check or draft mailed as aforesaid. Notice of the special record date and of the date fixed for the payment of such interest is to be given by sending a copy thereof by certified or registered first-class postage prepaid mail, at least ten (10) days prior to the special record date, to Kirchner Moore & Company, Denver, Colorado, and to the registered owner of each Note upon which interest will be paid determined as of the close of business on the day preceding such mailing at the address appearing on the registration books of the Town maintained by the registrar. Notes of this issue are not subject to optional redemption prior to their maturity date. This Note is one of a series issued by the Town for the purpose of acquiring the Singletree Golf Course and related properties and facilities in anticipation of the receipt of the net proceeds of the first land transfer tax anticipation warrants hereafter issued by the Town or any bond anticipation notes issued in substitution herefor, when and if issued, sold and delivered, and certain land transfer taxes and sales taxes imposed by the Town, pursuant to, by virtue of and in full conformity with the Constitution of the State of Colorado, the Town Charter, part 1 of article 14 of title 29, Colorado Revised Statutes, as amended, and all other laws of the State of Colorado thereunto enabling, and pursuant to an Ordinance of the Town Council duly adopted prior to the issuance of this Note; and it is hereby recited, certified and warranted that all the requirements of law have been fully complied with by the proper officers of the Town in issuing this Note. D15403 11 01/28/87 This Note is a special and limited obligation of the Town payable as to principal and interest solely out of the net proceeds of the first land transfer tax anticipation warrants hereafter issued by the Town or any bond anticipation notes issued in substitution herefor, when and if issued, sold and delivered, and certain land transfer taxes and sales taxes imposed by the Town. This Note constitutes an irrevocable and exclusive first lien upon the net proceeds of the aforesaid land transfer tax anticipation warrants or bond anticipation notes, when and if issued, sold and delivered, an irrevocable but not necessarily exclusive second lien upon the aforesaid land transfer taxes, and an irrevocable but not necessarily exclusive third lien upon the aforesaid sales taxes. Payment of the principal of and interest on this Note is to be made solely from a special fund identified in the Ordinance authorizing the issuance hereof as the "Town of Vail, Colorado, Bond Anticipation Notes, Series 1987, Fund," into which fund the Town has covenanted in the Ordinance to pay an amount sufficient to pay the principal of and interest on this Note from the aforesaid sources. It is hereby recited, certified and warranted that for the payment of the principal of and interest on this Note the Town has created and will maintain said special fund and will deposit therein the net proceeds of the aforesaid land transfer tax anticipation warrants or bond anticipation notes, when and if issued, sold and delivered, and the aforesaid land transfer taxes and sales taxes, and out of said special fund, as an irrevocable charge thereon, will pay the principal of and interest on this Note. This Note is secured by a lien on the sums deposited in the aforesaid special fund, and said sums are pledged and set aside for the payment of this Note. The Town covenants and agrees with the Registered Owner that it will keep and will perform all of the covenants contained in this Note and the Ordinance authorizing the issuance hereof. In the Ordinance the Town has covenanted that it will in good faith make every reasonable effort to issue and sell a sufficient amount of its land transfer tax anticipation warrants or bond anticipation notes at one time or from time to time so that on or before October 1, 1987, there will be sufficient net proceeds from such bond or note sales to pay the principal of and interest on this Note in full. The Ordinance provides that the Town shall not on or before the maturity date of this Note issue and sell any land transfer tax anticipation warrants other than D15403 12 01/28/87 those anticipated hereby unless the Notes of this issue have theretofore been, or are concurrently therewith, paid in full. Reference is hereby made to the Ordinance for a description of the provisions, terms and conditions upon which this Note is issued and secured, including, without limitation, the nature and extent of the security for this Note, provisions with respect to the custody and application of the proceeds of this Note, the collection and disposition of the moneys charged with and pledged to the payment of the principal of and interest on this Note, a description of the aforesaid special fund and the nature and extent of the security afforded thereby for the payment of this Note and the interest hereon and the manner of enforcement of said pledge, and the rights, duties, immunities and obligations of the Town and the members of its Town Council and also the rights and remedies of the Registered Owner. This Note is transferable only upon the registration books of the Town by , Denver, Colorado, or its successors, as transfer agent, at the request of the Registered Owner or his, her or its duly authorized attorney-in-fact or legal representative, upon surrender hereof together with a written instrument of transfer duly executed by the Registered Owner or his, her or its duly authorized attorney-in-fact or legal representative with guaranty of signature satisfactory to the transfer agent, containing written instructions on the details of the transfer, along with the social security number or federal employer identification number of the transferee and, if the transferee is a trust, the names and social security numbers of the settlors and beneficiaries of the trust. The transfer agent is not required to transfer ownership of this Note during the fifteen (15) days prior to the first mailing of any notice of redemption or to transfer ownership of any Note selected for redemption on or after the date of such mailing. The 'Registered Owner may also exchange this Note for another Note or Notes of authorized denominations. Transfers and exchanges are to be made at the expense of the transferor or exchanger, and the transfer agent may also require payment of a sum sufficient to defray any tax or other governmental charge that may hereafter be imposed in connection with any transfer or exchange of Notes. No transfer of this Note is to be effective until entered on the registration books of the Town. In the case of every transfer or exchange, the registrar is to authenticate and the transfer agent is to deliver to the new registered owner a new Note or Notes of the same aggregate principal amount as the Note or Notes surrendered. Such Note or Notes are to be dated as of their date of authentication. The Town may deem and treat the person in whose name this Note is last registered upon the registration books of the Town maintained by the registrar as the absolute owner hereof for the purpose of receiving payment of the principal of and interest on D15403 13 01/28/87 this Note and for all other purposes, and all such payments so made to such person or upon his order will be valid and effective to satisfy and discharge the liability of the Town upon this Note to the extent of the sum or sums so paid, and the Town will not be affected by any notice to the contrary. D15403 14 01/28/87 (Assignment) ASSIGNMENT FOR VALUE RECEIVED, the undersigned sells, assigns and transfers unto PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE (Name and Address of Assignee) the attached Note and does hereby irrevocably constitute and appoint , , , or its successor, to transfer said Note on the books kept for registration thereof. Dated: Signature guaranteed: (Bank, Trust Company or Firm) NOTICE: The signature to this assignment must correspond with the name of the Registered Owner as it appears upon the face of the attached Note in every particular without alteration or enlargement or any change whatever. Transfer Fee Required [End of Form of Note] D15403 15 01/28/87 10. Deliverv. The Notes, when executed, authenticated, and registered as provided herein and by law, shall be delivered by the Town to the Purchaser upon receiving full payment therefor in accordance with the Note Purchase Agreement. 11. Application of Proceeds. The proceeds derived from said sale shall be used for the purposes stated herein and for no other purposes, provided, however, that any portion of the proceeds may be temporarily invested pending such use, with such temporary investment to be made consistent with the covenant hereinafter made concerning arbitrage bonds. Neither the Purchaser nor the registered owner of any Note shall be in any way responsible for the application of the proceeds of the Notes by the Town or any of its officers. 12. Note Fund. A special fund shall be created and designated the "Town of Vail, Colorado, Bond Anticipation Notes, Series 1987, Fund" (the "Note Fund"). The Town shall deposit in the Note Fund on the date of delivery of the Notes interest accrued thereon, if any, from the date of the Notes to the date of delivery thereof and shall apply the same to the payment of interest first due on the Notes. When and if the Town has issued, sold and delivered Anticipated Bonds or Replacement Notes, the Town shall deposit the net proceeds thereof received from time to time in the Note Fund and shall apply the same as soon as practicable to the payment of the principal of and interest on the Notes. The Town shall also deposit the Pledged Revenues in the Note Fund. 13. Pledqe and Lien. The sums required to be deposited in the Note Fund, together with all securities in which the same may be invested from time to time, are hereby irrevocably pledged to secure the payment of the principal of and interest on the Notes as provided herein. This pledge shall be valid and binding from and after the date of the first delivery of the Notes, and such sums, as received by the Town and hereby pledged, shall immediately be subject to the lien of this pledge without any physical delivery thereof, any filing, or further act. The lien of this pledge and the obligation to perform the contractual provisions hereby made shall have priority over any or all other obligations and liabilities of the Town, and the lien of this pledge shall be valid and binding as against all parties having claims of any kind in tort, contract or otherwise against the Town, irrespective of whether such parties have notice thereof. 14. Anticipated Bonds and Replacement Notes. The Town shall in good faith make every reasonable effort to issue and sell a sufficient amount of Anticipated Bonds or Replacement Notes at one time or from time to time so that on or before D15403 16 01/28/87 October 1, 1987, there will be sufficient net proceeds from such bond or note sales to pay in full the principal of the Notes. 15. Restrictions on Future Financing. The Town shall not on or before the maturity date of the Notes issue and sell any land transfer tax anticipation warrants other than the Anticipated Bonds unless the Notes have theretofore been, or are concurrently therewith, paid in full. 16. Tax Covenants and Desianations. The Town shall make no investment or other use of the proceeds of the Notes at any time during the term thereof which, if such investment or other use had been reasonably expected on the date the Notes are issued, would have caused the Notes to be arbitrage bonds within the meaning of Section 103 of the Internal Revenue Code of 1986, as amended (the Code), and the regulations promulgated thereunder. The Town shall comply with all arbitrage rebate and information reporting requirements under the Code. ' h,L- 2-.•- 7 Jii~ ~ ~ ± 1f-tas 11 Gf4 ..14T1 eve... C i-. ..F ~-L. nde= ~e 7 ~5--b) the Cede. 17. Appropriation of Sums. The sums hereinbefore provided to pay the principal of and interest on the Notes when due are hereby appropriated for that purpose, and said amounts for each year shall be included in the annual budget and the appropriations ordinance, resolution, or measures to be adopted or passed by the Town Council in each year, respectively, while any of the Notes, either as to principal or interest, are outstanding and unpaid. 18. Defeasance. When all of the principal of and interest on the Notes have been duly paid, all obligations hereunder shall thereby be discharged and the Notes shall no longer be deemed to be outstanding. There shall be deemed to be such due payment when the Town has placed in escrow or in trust with a trust bank located within or without the State of Colorado, bills, certificates of indebtedness, notes, bonds, or other similar securities which are direct obligations of, or the principal and interest of which obligations are unconditionally guaranteed by, the United States of America ("Federal Securities") in an amount sufficient (including the known minimum yield available for such purpose from Federal Securities in which such amount may wholly or in part be initially invested) to pay all principal and interest due on the Notes at maturity or upon prior redemption. The Federal Securities shall become due prior to the respective times at which the proceeds thereof shall be needed, in accordance with a schedule established and agreed upon between the Town and such bank at the time of the creation of the D15403 17 01/28/87 escrow or trust, or the Federal Securities shall be subject to redemption at the option of the owner thereof to assure such availability as so needed to meet such schedule. 19. Riqhts and Immunities. Except as herein otherwise expressly provided, nothing herein expressed or implied is intended or shall be construed to confer upon or to give to any person, other than the Town and the registered owners from time to time of the Notes, any right, remedy, or claim under or by reason hereof or any covenant, condition, or. stipulation hereof. All the covenants, stipulations, promises, and agreements herein contained by and on behalf of the Town shall be for the sole and exclusive benefit of the Town and the registered owners of the Notes. No recourse shall be had for the payment of the principal of and interest on the Notes or for any claim based thereon or otherwise upon this Ordinance, or any other instrument pertaining hereto, against any individual member of the Town Council or any officer or other agent of the Town, past, present, or future, either directly or indirectly through the Town, or otherwise, whether by virtue of any constitution, statute, or rule of law, or by the enforcement of any penalty or otherwise, all such liability, if any, being by the acceptance of the Notes and as a part of the consideration of their issuance specially waived and released. 20. Authorized Acts. The officers of the Town are hereby authorized and directed to enter into such agreements and take all action necessary or appropriate to effectuate the provisions of this Ordinance and to comply with the requirements of law, including, without limiting the generality of the foregoing: a. The printing of the Notes, including the printing upon each of the Notes of the text of the approving legal opinion of Ballard, Spahr, Andrews & Ingersoll, bond counsel, duly certified by the Registrar, and, if necessary or desirable pending delivery of printed Notes, the preparation of one or more temporary typewritten Notes in an aggregate principal amount equal to that of the Notes, otherwise in substantially the same form and bearing the same terms, to be delivered to the Purchaser and thereafter to be exchanged by the Purchaser for printed Notes when the same are received by.the Town; and b. The execution of the Note Purchase Agreement and such certificates as may be reasonably required by the Purchaser relating to the signing of the Notes; the tenure and identity of the Town officials; if in accordance with the facts, the absence of litigation, pending or threatened, D15403 18 01/28/87 affecting the validity of the Notes or the Anticipated Bonds; the exemption from federal income taxation of the interest on the Notes; receipt of the Notes and the purchase price thereof; and the accuracy and adequacy of any offering document prepared; and c. The making of various statements, recitals, certifications, and warranties provided in the form of Note set forth in this Ordinance; and d. The payment of the interest on the Notes as the same shall become due and the principal of the Notes at maturity or upon prior redemption without further warrant or order. 21. Ratification of Actions. All actions heretofore taken by the Town and by the officers thereof not inconsistent herewith directed toward the authorization, issuance, and sale of the Notes are hereby ratified, approved, and confirmed. 22. Repealer of Measures. All ordinances, resolutions, acts, orders, or parts thereof of the Town in conflict with this Ordinance are hereby repealed, except that this repealer shall not be construed so as to revive any resolution, act, order, or part thereof heretofore repealed. 23. Resolution Irrepealable. This Ordinance is, and shall constitute, a legislative measure of the Town, and after the Notes are issued, sold, and outstanding, this Ordinance shall constitute a contract between the Town and the registered owners of the Notes and shall be and remain irrepealable until the Notes, both principal and interest, shall have been fully paid, satisfied, and discharged. 24. Severability. If any paragraph, clause, or provision of this Ordinance is judicially adjudged invalid or unenforceable, such judgment shall not affect, impair, or invalidate the remaining paragraphs, clauses, or provisions hereof, the intention being that the various paragraphs, clauses, or provisions hereof are severable. 26. Public Hearinq.. A public hearing on this proposed Ordinance shall be held by the Town Council at 7:30 p.m. on Tuesday, February 17, 1987, at the Vail Municipal Building. Vail, Colorado, and notice of such hearing is authorized to be given by publication once in The Vail Trail on February 6, 1987. D15403 19 01/28/87 INTRODUCED, READ BY TITLE, PASSED ON FIRST READING, APPROVED, AND ORDERED PUBLISHED ONCE IN FULL this 3rd day of February, 1987. (TOWN) (SEAL) Mayor Town of Vail Eagle County, Colorado ATTEST: Town Clerk Town of Vail Eagle County, Colorado D15403 20 01/28/87 The motion to approve on first reading the foregoing Ordinance was duly seconded by Council Member and the question being upon the passage on first reading of the Ordinance, put to a vote and carried upon the following vote: Those voting AYE: Those voting NAY: Council Members present having voted in favor of said motion, the Mayor thereupon declared the Ordinance duly passed on first reading. Thereupon it was ordered that the Ordinance as approved on first reading be published once in full in The Vail Trail, a newspaper published and having general circulation in the Town and legally qualified for Town publications. After consideration of other business to come before the Council, the meeting was adjourned. (TOWN) (SEAL) Town Clerk Town of Vail Eagle County, Colorado D15403 21 01/28/87 STATE OF COLORADO ) COUNTY OF EAGLE ) ss. TOWN OF VAIL ) I, Pamela A. Brandmeyer, the duly elected or appointed, qualified and acting Town Clerk of the Town of Vail, Eagle County, Colorado, do hereby certify that the foregoing pages 1 to 21, inclusive, constitute a true and correct copy of the Record of the Proceedings of the Town Council of the Town, taken at its regular meeting held at the Municipal Building in Vail, Colorado, on Tuesday, the 3rd day of February, 1987, commencing at the hour of 7:30 p.m., as recorded in the official Record of the Proceedings of the Town kept in my office, insofar as said proceedings relate to an Ordinance authorizing the issuance of its Bond Anticipation Notes, Series 1987, dated March 15, 1987, in the aggregate principal amount of $3,200,000; that said proceedings were duly had and taken; that the meeting was duly held; and that the persons were present at said meeting as therein shown. It is hereby further certified that the Ordinance, as approved on first reading, was published in full in The Vail Trail, a newspaper published and having general circulation in the Town and legally qualified for Town publications, and an affidavit of publication with respect thereto is attached hereto. IN WITNESS WHEREOF the undersigned has hereunto set her hand and the seal of the Town this day of February, 1987. (TOWN) (SEAL) Town Clerk Town of Vail Eagle County, Colorado D15403 22 01/28/87 (Attach Affidavit of Publication of Ordinance) D15403 23 01/28/87 '.J RESOLUTION NO. 5 Series of 1987 A RESOLUTION AUTHORIZING THE APPROVAL OF AN EXTENSION AGREEMENT WHICH EXTENDS THE PERIOD OF TIME DURING WHICH THE TOWN OF VAIL MAY EXERCISE A CERTAIN OPTION FOR THE PURCHASE OF THE SINGLETREE GOLF COURSE; EXTENDING THE TIME ON WHICH THE PURCHASE OF THE SINGLETREE GOLF COURSE IS SET FOR CLOSING, PROVIDING FOR THE PAYMENT OF ADDITIONAL EARNEST MONEY BY THE TOWN TO THE SELLERS OF THE SINGLETREE GOLF COURSE, AND GIVING THE SELLERS THE SINGLETREE GOLF COURSE CERTAIN RIGHTS, TO PURCHASE CERTAIN CAPITAL ITEMS REQUIRED TO PREPARE THE SINGLETREE GOLF COURSE FOR THE UPCOMING SEASON AND PROVIDING THAT THE TOWN OF VAIL SHALL REIMBURSE SAID SELLERS FOR THE COST OF SUCH ITEMS WHEREAS, the Town of Vail and the Berry Creek Metropolitan District entered into an agreement entitled "Amendment of Option Agreement" on December 31, 1986; and WHEREAS, said agreement provided that the Town could exercise an option to purchase the Singletree Golf Course on or before February 15, 1987; and WHEREAS, the agreement for the purchase of the Singletree Golf Course provides that the closing for said purchase was to occur upon March 2, 1987 should the Town exercise the option; and WHEREAS, the parties desire to extend the time period for the exercising of said option from February 15 to February 18, 1987; and WHEREAS, the parties wish to amend the time for the closing of the purchase of the Singletree Golf Course as set forth in the Amended Option Agreement from March 2, 1987 to March 20, 1987; and WHEREAS, as consideration for the extension of the closing date, the Berry Creek Metropolitan District requires the payment of the sum of five thousand dollars ($5,000) as additional earnest money for the purchase should the Town desire to exercise its option; and WHEREAS, the Berry Creek Metropolitan District will expend approximately seventy thousand dollars ($70,000) in the purchase of certain capital items required to operate the Singletree Golf Course for the current golf season and requires the Town reimburse the District for all such capital costs and expenses incurred by the District for the operation prior to January 1, and all salaries general and administrative expenses after March 1, 1987; and WHEREAS, the extension agreement attached hereto as Exhibit A and made a part of this Resolution by reference provides for the changes and amendments set forth hereinabove. t. 1., NOW, THEREFORE, be it resolved by the Town Council of the Town of Vail, Colorado, as follows: 1. The extension agreement attached hereto as Exhibit A and incorporated into this Resolution by reference is hereby approved by the Town Council. 2. The officers of the Town are hereby authorized and directed to take all action necessary or appropriate to effectuate the provisions of this Resolution and to comply with requirements of law. 3. This Resolution shall take effect immediately upon its passage. INTRODUCED, READ, APPROVED AND ADOPTED this day of 1987. Paul R. Johnston, Mayor ATTEST: Pamela A. Brandmeyer, Town Clerk -2- EXTENSION AGREEMENT This Extension Agreement is entered into as of this day of February, 1987, by and between BERRY CREEK METROPOLITAN DISTRICT, a quasi-municipal corporation organized pursuant to Title 32 of the Colorado Revised Statutes (the "District") and the TOWN OF VAIL, a Colorado municipal corporation (the "Town"). RECITALS By document entitled Amendment of Option Agreement ("Amendment") executed December 31, 1986, Town acquired from District the option to acquire the Singletree Golf Course pursuant to the terms and conditions of Exhibit B ("Exhibit B") attached to the Amendment. Town and District desire to further modify the Amendment and Exhibit B. AGREEMENT For good and valuable consideration the receipt of which is hereby acknowledged the parties agree as follows: A. The date "February 15, 1987" contained in Paragraph 3 to the Amendment is hereby changed to "February 18, 1987." B. The date "March 2, 1987" contained in Paragraph 4 of Exhibit B is hereby changed to "March 27, 1987." C. The dollar amount of "$10,000" (whether alphabetical or numerical) referred to in Paragraph 3 of the Amendment and in Paragraph 2(a) of Exhibit B is hereby changed to 15.000.00 The dollar amount of $3,290,000.00 (whether alphabetical or numerical) is hereby changed to 3,285.00 . 11 D. Notwithstanding the extensions of time granted herein, District will continue to prepare for the timely opening of the Singletree Golf Course for the 1987 summer golf season. Prior to closing of title District anticipates that it will in the normal, reasonable and customary course of business have expended or committed to expend approximately $70,000 in the purchase of certain capital items including, but not limited to, batteries, tires and maintenance equipment. At closing of title, Town will assume or reimburse District for all such capital costs and all non-salaried expenses paid or incurred by District in the reasonable operation of the Golf Course between January 1, 1987 f and the Closing Date, and will reimburse District for all salaries, general and administration expenses incurred after March 1, 1987. E. All other terms and conditions of the Amendment and of Exhibit B are hereby ratified and confirmed. EXECUTED as of the date above written. BERRY CREEK METROPOLITAN DISTRICT BY: TOWN OF VAIL BY: STATE OF COLORADO ) ss. COUNTY OF EAGLE ) The foregoing Extension Agreement was acknowledged before me this day of 1987, by as of Berry Creek Metropolitan District. Witness my hand and official seal. My commission expires: Notary Public STATE OF COLORADO ) ss. COUNTY OF EAGLE ) The foregoing Extension Agreement was acknowledged before me this day of 1987, by as of the Town of Vail. Witness my hand and official seal. My commission expires: Notary Public RESOLUTION NO. 3 Series of 1987 A RESOLUTION AMENDING RESOLUTION NO. 1, SERIES OF 1980; CHANGING THE NAME OF THE CAPITAL IMPROVEMENT AND OPEN SPACE FUND OF THE TOWN TO THE CAPITAL PROJECTS FUND OF THE TOWN. WHEREAS, Resolution No. 1, Series of 1980, created the Capital Improvement and Open Space Fund of the Town; and WHEREAS, in fact, the primary purpose of said Fund is not to purchase Open Space within the Town; and WHEREAS, the majority of funds for the purchase and creation of Open Space within the Town come from the Real Estate Transfer Tax Fund. NOW, THEREFORE, be it resolved by the Town Council of the Town of Vail, Colorado, as follows: 1. Resolution No. 1, Series of 1980, is hereby amended so that the title of the Fund created by said Resolution is hereby changed from the Capital Improvement and Open Space Fund of the Town to the Capital Projects Fund of the Town. 2. This Resolution shall take effect immediately upon its passage. INTRODUCED, READ, APPROVED AND ADOPTED this day of 1987. Paul R. Johnston, Mayor ATTEST: Pamela A. Brandmeyer, Town Clerk RESOLUTION NO. 4 Series of 1987 A RESOLUTION SUPPORTING THE COLORADO LOTTERY WHEREAS, the Town of Vail believes it has a responsibility to comment on legislation that has a direct impact upon the Town and its citizens; and WHEREAS, the Town of Vail's share of conservation trust funds should increase through the addition of LOTTO to the present lottery games; and WHEREAS, parks and recreation play an integral role in maintaining and improving the quality of life for Vail citizens; and WHEREAS, a reduction in the conservation trust funds monies would diminish park, recreation and open space opportunities for Vail's citizens; and WHEREAS, the Town of Vail has already received thirty six thousand dollars ($36,000) since the lottery's inception which funds have been used to support special projects within our parks system; and WHEREAS, residents of Vail enjoy participating in the Colorado lottery; and WHEREAS, the Town has passed on January 21, 1986 one resolution supporting the Colorado lottery and the enactment of statewide LOTTO legislation. NOW, THEREFORE, be it resolved by the Town Council of the Town of Vail, Colorado, that: 1. The Town supports the continuation of the Colorado lottery. 2. The Town supports expanding the Colorado lottery through the enactment of statewide LOTTO legislation. 3. The Town supports retaining the current distribution formula for the Colorado lottery. INTRODUCED, READ, APPROVED AND ADOPTED this day of 1987. Paul R. Johnston, Mayor ATTEST: Pamela A. Brandmeyer, Town Clerk 4 T0: Design Review Board C FROM: Community Development Department DATE: December 17, 1986 SUBJECT: Sign variance request for the Total Beauty Centre APPLICANT: Total Beauty Centre: Brenda Le Grange I. REQUEST On November 19, 1986 the applicant tabled the variance until the December 17, 1986 meeting. The request has not been changed from the original proposal. In general, members favored the variance for the awning but did not support the additional sign in the covered walkway off of Meadow Drive. Total Beauty Centre is in Phase I & II of Vail Village Inn. The business is located on the second floor above Alpine Gold. To reach Total Beauty, a pedestrian enters off of East Meadow Drive, passes through an outside covered stairway between Alpine Gold and Vail Village Inn Sports, and goes through a common door at the top of the stairway. The applicant is requesting variances from the following section of the Town of Vail sign code: Section 16.20.090 Projecting and Hanging Signs--Individual business within a multi-tenant building. I. Special Provisions 3. In a case where a business or organization located above or below street level fronts directly onto an exterior balcony, deck, walkway or stairway which is utilized as the business' own entrance and for unrestricted public access and use, the allowable sign area for any sign to be located at the building level shall be based upon the portion of the business frontage which abuts directly upon the balcony deck, walkway or stairway with a maximum size allowed not to exceed 5 square feet. A siqn of a maximum area of 3 square feet shall be allowed for businesses having insufficient frontage The applicant is requesting approval for the following signs: 1. A black and white awning which has one sign on the front of the awning and one on the side. Side signage: 8" x 2' = 1.3 sq ft Front signage: 1' x 3' = 3.0 sq ft 2. A hanging black and white wooden sign located in the covered walkway leading up to the entrance. This sign is 1'x 3' = 3 sq ft. v At this time, Total Beauty Centre has three signs (two on the awning) with a total square footage of 7.3 square feet. Under the sign code, a second story business is allowed 3 square feet at the entry point into the building. Therefore, the applicant is requesting two additional signs beyond the one sign that is allowed as we'll as an additional 4.3 square feet of signage for the business. The applicant has submitted the following statement as to why she feels the sign variance is warranted: "Total Beauty Centre has over the past 5 years had 2 entrances --our main entrance being where Goods' main entrance is now and our back entrance was just west of Alpenrose' back patio. We now have only one entrance--that being the back entrance which is now our main entrance. The visibility to the entrance is difficult, having to walk under a covered walkway and then upstairs. The signage used now is without a doubt a lot more tasteful than what was originally being used--a bright yellow and green sun shaped sign also larger than what we have now. The old sign was in a more strategic position--on the front corner of the building. We have now moved our new sign further back off the street.. With regard to the awning, we basically replaced the old Polo colours--green with orange stripes--with our colours--black and white. The sign next to our entrance was removed when the new awning was installed. Both the sign and awning have our logo and are a vast improvement to what was previously there. As we have decreased the signage and done a more subtle and tasteful job on our new signs, I am sure you will agree and thus approve the new sign and awning." II. FINDINGS AND STAFF RESPONSES Before the board acts on a variance application, the applicant must prove physical hardship and the board must find that: A. There are special circumstances or conditions applying to the land, buildinas, topography, vegetation, sign structures or other matters on adjacent lots or within the adjacent right-of-way which would substantially restrict the effectiveness of the sign in question; provided, however, that such special circumstances or conditions are unique to the particular business or enterprise to which the applicant desires to draw attention, and do not apply generally to all businesses or enterprises. Staff Response: Total Beauty Centre has a visibility problem due to several L factors: 1) The salon is located on the second floor of the -2- v building, Z) the entrance is located off East Meadow Drive on the second (or rear) tier of shops, and 3) in order to get to Total Beauty Centre, you must walk through a covered walkway which blocks the visibility of the awning signage and entry. Staff believes that this is a special circumstance which warrants some additional signage to identify the business. Our opinion is that the awning signage which includes one sign of 1.3 square feet and one sign of 3 square feet is warranted. We do not feel that it is necessary for Total Beauty Centre to have a separate sign at the entrance to the covered walkway off East Meadow Drive. If Total Beauty Centre is allowed this sign, then all the businesses on the second tier of shops in the Vail Village Inn commercial area should be allowed to have a sign at this entrance. To allow the approximate ten retail spaces to have signs at this entrance would create unnecessary sign clutter. For this reason, it is felt that a variance is warranted for the awning signage, but not for the hanging sign. B. That special circumstances were not created by the applicant or anyone in privy to the applicant: Special circumstances were not created by the applicant. C. That the granting of the variance will be in general harmony with. the purposes of this title, and will not be materially detrimental to the persons residing or working in the vicinity, to adjacent property, to the neiahborhood, or to the public welfare in general. Staff Response: Generally, the proposed signage is in harmony with the purposes of this title which state in Section 16.16.010, that "sign location, configuration, design, materials and colors should be harmonious with the majestic mountain setting and the alpine village scale of the town." Staff agrees that the signage is very tastefully done, however there is concern with the 3 square foot sign being located in the covered entry way into the second level of shops. Our opinion is that signage should be located in the area of the business and should not be scattered throughout a project to direct a pedestrian to the business. A variance is warranted for the awning, which is a request that will still be in compliance with the sign code in the sense that the signage is located at the entrance to the shop. Staff cannot support the request for the sign in the covered entry way of the Vail Village Inn Phase II commercial area. -3- D. The variance applied for does not depart from the provisions of this title any more than is required to identify the applicant's business or use. Staff Response: In respect to the awning, it is felt that the requested signage is necessary to identify the applicant's business. However, the sign in the covered entryway does go beyond the amount of signage that is really necessary to identify the business. III. Such other factors and criteria as the Design Review Board deems applicable to the proposed variance. IV. STAFF RECOMMENDATION The staff supports the variance for the awning, however, we are unable to support the request for the additional sign in the covered entryway. For this reason, the staff recommends denial of the variance request. We would recommend to the applicant that a joint use directory be placed adjacent to the covered entryway up to the second level of shops at Vail Village Inn to direct pedestrians into this area. The purpose of this type of sign is "to list all tenants within a multi-tenant building and to guide the pedestrian to an individual tenant within the building." (Section 16.20.040) This approach to the visibility problems for the businesses on the second level of the Vail Village Inn commercial area will provide additional signage for all the shops on the second level in a manner that will not create sign clutter. The staff prefers this approach to the alternative of allowing many of these businesses to locate individual signs out on the East Meadow Drive entryway. -4- .e~ . ..t gal vl.. ~ , 51 ^z 1• 8^t .a PROPERTY LINE IS ON ' 'j • x~ \ 1`C - v ya > r~k ' PIN B CAP BASEMENT WALL "'ic y t L.9.16827 N.FACE OF BASEMENT A 22" WALL t~.r:.:' O I 25.59' GCE. w f ,~9 ry` OVERHANG 17Z v PIN B CAP L. S. 16827 ° 6.y• 4. ,7Lr p`b U9 S09°30'00"w I•~ PIN B CAP l~ y0 tr e 99 a 12.54' t L.S. 16827 p O PIN 0 CAP L.S. I6027 11 z N82°06 46aE TWO STORY FRAME N 45 M' AND STUCCO E I OVERHANG P~ Jf W 49'48 J O BUILDING .0 OVERHANG z 9° N 0.8 S°•GC2.9 TWO STORY FRAME AND VILLAGE INN PLAZA a d i ti 10, srucco o CONDOMINIUMS I LU Iq I15 67. G.C.E. ?/,0, 11S, _ BUILDING I F ' 6.B p2 02 OVERHANG b 19.0' n 4 ; F F,;^ m 13.2' b. UTILITY 25 o 2q4 ENCLOSURE G.C.E. I; g,4 p G.C.E. N PATIO L.C.E. OVERHANG B~ O 0, UNIT 5 x44•W, 6.44- / / ` \ '~,Lw{1 BQ 24' /PATIO MANG EASEME T u'~- m I L,E E, 12.31, ,I fr 'r. f UNITS F, , y N C ~ 9 N r N O ~~Z J• TWO STORY FRAME Y• , 35 C. 2\$ Yp, P OUTLINE OF BUILDING P m 1-'1 l " AND STUCCO y 9 AT GRADE (T7P) I ` BUILDING c O PIN B CAP n °p ` 'n H, 39 O~ $'1 SEE SHEET 3 FOR PLAZA L.S. 16827 } IT !FOR Z m y TWO STORY FRAME A 1` AREA DETAILS ETAILS I \0.9 AND STUCCO 5 m y - ,p O BUILDING 7 (^Z V Z\ 5 2.9' C .a OI "O. 5 O" µ1!`• I w• f °u TWO STORY FRAME "i0'100 0, N BCAP L.S.16827 ro 50 109 I / 6 h ro, AND STUCCO 3 00 I G.C.E.I2.9 0. l Oqf c N BUILDING 2.9 O G. 22 i \ n v ' b j. 15.83' ° 26.5 = Pa710 0 p• c M \Op •0 TTfi LCE UNIT5 DECK "p. o ,4, 12~ u \q8 j 70 G.CE p 19 ~?6 .~I~ O 15 tofti7r.T..~ R71( '10 \IN.B9-,P '.3 17f 3Y TD c.l\~ m, N PIN BCAP N82°35'00„W-- 338' POINT OF BEGINNING L.S.16ez7 CDICUIOted: R-545.88' lotted: R = 545.88' CHISELED x 106, " \ IN CONCRETE 29' 582°JSOp''E L=154,13' A 152.51'3,) SOUTHWEST CORNER LOT 0 Q=16°10'39" - T= 77.58' Ch =N 89°24,7'E THIS AREA S:IBJECI TU PIN B CAP Ch=S89°I~'40"W 152.02' R.O.W. PERMIT RECORDED L.5.16027 153.62 IN BOOK 390 AT PAGE 746 EAST MEADOW DRIVE (401) 1~ly~ fl •J ~i~k+;~!, °I. Mi 7~ n,.. /~',")1 I~II_['~Ir4 IJITlyt „I~71~r\l 9l{''. 13~'T ,'Y'{• 1~ ~i•,.~ i1'. \:nlv~ I .~,1:11~i0, +•F '~a~'. +~!llM SFr i. 1... .~il;* el• • ~4. .1bV liS. I tii 4 +e b ~ ~j~//1~1}~V~iy f f y kr. _ a ~ .'3i i'~S`•`-z'F~'4; r / ~ . 4f ~ ~ > } IS aI31"7 r • Y _ fALUSALE L I A ; i _ r REC'O JAN 2 71987 C OLORADU WES-u- VOL. 2, NO. 1 A PUBLICATION OF CLUB 20 JANUARY 1987 Club 20 34th Annual Meeting February 13.14, 1987 Grand Junction Holiday Inn Friday, Feb. 13 2:00 Economic Development 2:00 p.m. Club 20 Board Meeting A state-wide concern and western Colorado will be right in the middle of it - some people working on it: Hunter•& Amory Lovins & Michael Kinsley of the Rocky Mountain Institute: The plan for generating Saturday, Feb. 14 economic renewal in our smaller communities; Rick Leech, President of Moca Co. Econ. Development 8:00 a.m. Registration Council: Selling western Colorado overseas; Stan 8:45 Welcome Broome, Exec. Dir., District 10 Regional Planning Announcements, introductions and welcoming Commission: Local Trade Fairs - do they work?; remarks: O. F. Ragsdale, Mayor of Grand Junction; Len Perlmutter, CEO, Econ. Dev. Action Couit.:il: Bob Young, Club 20 Chairman of the Board; Bill Putting the governor's program to work; Represen- Cleary, President tatives from groups seeking to attract retirees to 9:00 Tourism western Colorado A panel of experts takes a look at western Colo- 3:30 Agriculture rado's No. 1 industry. Dan Love, Exec. Dir., Colo- How goes the effort to try something new? John rado Tourism Board; John Lay, Exec. Dir., Colorado Fishering, Director, Western Colorado Ag. Develop- Ski Country USA; Jerry Mallett, Exec. Dir., Western ment Corp.; Bill Hill, Colorado Mtn. College; Bill River Guides Assoc.; Elaine Kochevar, Exec. Dir., Byers, Operations Mgr., Grand Mesa Eggs Leadville C of C; Steve Wyatt, Dir., Grand Junction 4:30 Adjourn Convention & Visitors Bureau; Ron Holliday, Dir., Colo. Div. of Parks and Outdoor Recreation 4:45 Social Hour 10:30 East/West Water Agreement (No banquet this year) What does it mean? On hand to explain: Colorado River Water Conservation District; Denver Water REGISTRATION Board; Northern Colorado Water Conservancy District Advance registration: $30/person or $50/couple 12:00 Luncheon At the door registration: $35/person or $60/couple Election of Club 20 officers Luncheon only: $15/person Invited speaker: Governor Roy Romer Meetings only: $15/person I REGISTRATION FORM I CLUB 20 34th ANNUAL MEETING I I I Name: advance registration @ $30/person Spouse/Guest: advance registration @ $50/couple Company Name: luncheon only reservation @ $15/person Mailing Address: meetings only reservation @ $15/person City/State/Zip: TOTAL ENCLOSED I I AT-THE-DOOR REGISTRATIONS WILL BE $35/PERSON OR $60/COUPLE Mail reservations with checks payable to: Club 20, P.O. Box 550, Grand Junction, Colo. 81502. For additional information call 242-3264. I---------------------------------------------------J Page 2 Colorado West `I tole you so P by Bob Young son of The Eagle Valley Enterprise who February. New officers will be elected and Chairman made this very publication possible. Thank our 1987 will be underway. I hope you won't This is my last col- you all so very much. miss it - if you are not on the field you umn as the Chairman fi Our annual meeting is coming up in can't play the game. See you in February. of Club 20 and I'd like to say "I tole you so!" At the beginning of 1986 (remember back then) I said that a yr day rebirth - a . renais- sance er was coming We give you the news`, in to western Colorado - and it has started. Club 20 territory{ Countless communities have rolled up their sleeves, buried their hatchets, pooled The Daily Sentinel' their resources, and confronted the issues. And the results are starting to show. Population growth - new business - in- dustry - public-private partnerships have A: - all begun to tip the balance in favur of western Colorado. Now the governor-elect is touring the t. ` 1 state placino economic development and n h stability high on the state's priority list. i i ` Vvdll as I said, this is my last column and I 1 f ° want you to know it has been a real honor i~:. • u•• ,=f and privilege to serve as the chairman. I found this job to be a real learning ex- perience about western Colorado and its marvelous people. I was privileged to have -0, talented and dedicated directors and com- mittee chairpersons, a relentless staff and help from fine people such as Roy Robin- Ale COLORADO ROCKIES A TRADITION WITH ADAM'S RIB HUNTING RANCH CLUB 20 MEMBERS 5 Day Trophy Deer & Elk Hunts • Private Pheasant Over 5500 Aces of Private Land Dp Camps Licensed Bonded Guides & Outfitters Great Facilities • Excellent Food of Grand Junction SUPER HUNTING! P.O. Box 659 (303) 328-2326 Eagle, Colorado 81631 I 243-6790 755 HORIZION DRIVE (yji "IntraW~-`Banks sTM IntraWest Bank of Grand Junction Providing Jobs for Over 2000 Western 359 Main Street Grand Junction, CO 81502 Colorado Residents Phone 243-1611 Accounts FDIC-insured to $100,000 Member IntraWest Financial Corporation Colorado West Page 3 Western Slope Signals Mountain Bell Issue II A few major events in the last two they build, at their cost, storage for an months will have a huge impact on the equal amount of water contained in Green Western Slope economy. This edition of Mountain that will fulfill the same func- Signals is devoted primarily to those events tions. Denver will not own those water which include: 1) the settlement of two ma- rights. jor water questions which finally assures "Don't dwell in the past. It 2) Denver Water Board will lease at least western Colorado an adequate supply of has no future„ 15,000 acre feet of water a year for 25 years . water for both the population and possible from a yet to be built reservoir near Kremm- economic expansion; 2) the election of a ling. They have already paid $10.3 million governor, Roy Romer who is a businessman - Pat Faucher for that lease. That plus the guaranteed and who is proposing sweeping changes in Ouray County Plaindealer revenue of $3.7 million a year will be used to the way business has been done in and by float bonds to pay for the project. Two the state; 3) implementation of Enterprise reservoir sites are being considered, Rock Zones, or special, targeted areas in Colo- Creek and Muddy Creek. The selection rado for the location and expansion of should be made by the end of January says business as well as the start-up of the In- River District spokesman, Lee Harris. cubator Program in Mesa County and; 4) the • Water cannot be appropriated or saved 3) The Denver Water Board must provide beginnings of the selling of Colorado to the based on future use. If you are not using it the storage for, again at their cost and Far East. right now, you can lose it. To retain the right before any Green Mountain water can be to water, the owner has to show it is being used, at least 25,000 acre feet of water and Water put to a "beneficial use" and has to show 15% of the yield Denver will get from the For the first time in almost 100 years, the diligence in developing the resource. That Green Mountain pump-back. That is to Western Slope is assured a certain water means that "dirt has to be moved' to show make up for rights Denver would gain by supply. That's primarily the result of two that the water can be delivered to be used. holding their Green Mountain entitlement in agreements - between the Colorado Water • All the water in most of the state's Dillon Reservoir instead of letting it flow Conservation District and the Denver Water rivers has been appropriated on paper. The downstream to Green Mountain. Williams Board (plus others) and the several entities Western Slope is the only place in the state says that agreement alone saves Denver $1 involved in the proposed Animas La Plata where more rights are held than are being billion. They had planned on taking water project in southwestern Colorado. Here are used. Most of those rights are senior to they felt they were entitled to on the Eagle some facts that emphasize how important those on the Eastern Slope. As a result, and Colorado Rivers and storing it in a water and the appropriation of water rights many entities, most notably the Denver reservoir outside Wolcott. The water would is, especially to western Colorado: Water Board, have long cast covetous eyes then have been diverted to Denver via a • More rivers start in Colorado than any on those rights. They have filed suits in huge costly tunnel under the Eagle's Nest other place in the United States. Without court to get those rights. wilderness area. Denver has agreed to drop storage of that water though, we cannot be • Water rights have been in litigation ever plans for such a project. Denver has also assured of a steady, year-round supply. since the first water was used by settlers in agreed to limit litigation for rights on the Western Slope rivers contain 3/4 of the the late 1800s. Almost half of the water in Colorado and Eagle rivers to 3,000 CFS in- water flow in the state. Over four million western Colorado is being claimed by stead of 5,500 CFS or what is the full flow of acre feet a year usually flows out of Denver in various suits. Similar claims are the Colorado and Eagle at Wolcott. western Colorado. (An acre foot is how in litigation all over the state. But for the The agreement has been signed, but hun- much water it would take to cover an acre of first time in 100 years, Eastern and Western dreds of details still have to be worked out. land a foot deep or how much water a fami- Slope users got together outside a court- Williams and Harris both feel it is a "win- ly of five would consume in a year. Flow of a room at a water roundtable to discuss a win" situation for both entities because river is measured in cubic feet per second.) solution to the allocation of water rights. valuable time and resources will not be • Colorado water law is unique. All of the The agreements probably would not have poured into court cases, but instead used water flowing in the state is owned by come about experts feel, without the to enhance water resources. someone, but the right to the water does government instigated talks. not come with the land as it does Animas La Plata everywhere else in the United States. The Colorado River/Denver Agreement About 77 years ago, farmers in the Cortez water rights can be sold or leased in certain There are three main pieces to the area first started talking about diverting circumstances. historic agreement between the Denver water from the Animas River to the La Plata • Holders of senior rights (filings for Water Board and the Colorado River Water River to use for crop irrigation. The Bureau water use that are older than other filings) Conservation District says water expert in of Reclamation has been studying the idea are entitled to water over holders of junior Grand Junction, attorney Andy Williams. since 1930 and the Animas La Plata project rights even if it means that during a low 1) Denver will get the Western Slope was authorized by Congress in 1968. Before water year someone might have to do allocation to 100,000 acre feet of water from without water. Green Mountain Reservoir, but not until Please turn to Page 4 Page 4 Colorado West More Western Slope Signals Continued from Page 3 has started on tests needed for construc- ideas that Romer has been tossing around tion of the dam. in statewide brainstorming sessions. anything could happen though, two large Romer has emphasized that he wants to controversial agreements had to be reach- Water Sales break down antagonistic regionalism and ed• 1) ,~,ho wwind get water rig.ti.r.es and Some hard-pressed ranchers and farmers create a climate in the state that allows the e} , ;s Some i~ard-i 2) who would share the costs of the $379.3 are considering the sale of or have already private sector to create jobs. million project. The 17 year long negotia- sold the most valuable commodity they own Romer plans a new cabinet post - Chief tions involved the states of Colorado and - their water rights. The price per acre foot Executive Office of Economic Develop- New Mexico, two Indian tribes (Southern goes anywhere from $10.00 to $12.00 paid ment. A 35-member Economic Development Utes and Ute Mountain Utes) and the by farmers for water from federally funded Council will also be formed to coordinate federal government. The agreement con- projects to $2,500 paid by Aurora recently efforts. tains several unique features says Bureau for rights in Northern Colorado. A price of Several concerns were expressed to of Reclamation Planning Chief for the pro- $130 million has been paid to farmers in the Romer during his brainstorming session in ject in Durango, Martin Roach. Arkansas Valley between La Junta and Grand Junction on December 19. Many The project calls for construction of the Larriar for about 79,000 acre feet of water urged that tourism advertising for the state Ridges Basin Reservoir three miles from the Fort Lyon Canal. The agreement not be generic. Financial planner from southwest of Durango on the Animas River. with three Denver area water brokers will aspen, Bill White, noted that most new jobs Once completed in 1997, the reservoir dry up about 94,000 acres of farmland. are created in college areas. He suggested would hold 280,000 acre feet. New Mexico A similar sale is being considered by that the governing structures for the state would get almost half of the approximate ranchers in the Gunnison area to Aurora. colleges be changed to allow more local in- 79,000 acre feet designated for municipal Court claims have also been filed by Aurora put. Chris Seglem of Colorado uses. Colorado would get about 75 percent for 73,000 acre feet of water in the Taylor Westmorland feels that the goal of clean air of the irrigation water. Almost 80 percent of River drainage. A similar situation exists in regulations should be clean air and that Colorado's allocation in both areas will go the San Luis Valley. what is economically expedient should not to the two Indian tribes. Areas of potential development solely be a consideration. He asked that industry The cost-sharing agreement is unusual because of the low cost of water could be be allowed to choose how to meet those says Roach because the state will supply west of the Highline Canal in Mesa County, standards rather than having that dictated. only 20-25% of the funds for the construc- the Yampa below the Little Snake River, Congressman Ben Campbell thinks the tion of the dam and reservoir. The rest will almost anywhere on the White River, the state should put more emphasis on expor- be deferred until completion of all the Delores below the MVI Canal and some ting- things that cannot- be copied: Low phases many years from now. The normal areas in the Animas-La Plata drainage. Ex- sulphur coal was an example of that sug- practice is for repayment to start as soon perts note that water rights are expensive gested by others. as the water is used. The Indian tribes will above Dotsero. Romer wants to see an end to manage- have an indefinite deferment of their costs ment by crisis. He emphasized he is tired of until they use their rights or are able to Romer studying everything and wants to get lease or market them. The new governor of Colorado, Roy something done. The agreement also sets up $60.5 million Romer, got a lot of people on the Western development fund for the Indians. Colorado Slope excited when he suggested moving Enterprise Zones will provide $11 million for that, Congress, the State Department of Revenue to Grand Between 1981 and 1985, more than 26,000 $49.5 million. Those amounts must still be Junction. While that might not happen, jobs were created by firms moving into approved by Congress. The whole agree- Romer does want to decentralize the Colorado. However, the statistics in the ment must be reviewed by the Colorado government and he has an open mind about Colorado Housing Finance Survey show Water Court says Roach. Meanwhile work what could be possible. That is one of the that 21,000 jobs were lost when companies moved out of the area. In 1986 stale legislators created eight Enterprise Zones in the state that would offer incentives to attract businesses and keep them here. Maybe that will make a difference in those numbers in coming years. Three of the eight zones are on the Western Slope. • District 10 - Delta, Gunnison, Mon- trose, Ouray and San Miguel counties. • Southwest Rural - including industrial areas in and around Durango, Cortez and Bayfield. • Mesa County - certain industrial areas. Response from the business sector for Mountain Bell information about the zones has been pro- mising says program administrator in Denver, Pat Coyle. The Department of Local Affairs is acting as the coordinating agent, but the marketing decisions will be made locally. Three tax incentives can be offered says Coyle. The details on those were Please turn to Page 5 Colorado West Page 5 More Western Slope Signals Continued from Page 4 U.S. reached $3 billion in 1986. That amount the Division of Wildlife. From 70-75% of the is expected to double in 1987 says a hunters are on the Western Slope says released January 2 by the Department of research firm in Chicago. Colorado officials DOW representative, Bill Haggerty. License Revenue. would like to get the Japanese to spend sales were down only about 8 percent in The zone heads are in the process of their money here on economic development 1986 reported Haggerty. Official predic- coming up with a marketing plan. Coyle or as tourists. To that end, Governor Roy tions called for a 12-14% drop. There was a notes that 27 other states have similar Romer and 47 others went to Japan and loss of about $2 million in license revenues. zones and that the success of any are the Taiwan to test the waters. Colorado had a That isn't much if one considers the overall result of effective marketing. Southwest ad- poor image in Asia prior to the visit because impact of hunting seasons on Colorado's ministrator, Chris Juniper in Durangq, says of actions of ex-governor Richard Lamm economy. An estimated $300-500 million is they are talking with everybody they can says Grand Junction legislator, Vickie Arm- spent in the state during the archery and ri- about the target of their marketing plan- strong. Things look "positive" now she fle seasons in the fall. Haggerty says the Considerations include: What are the says. The groups they met with were im- new restrictions helped spread out hunting natural. resources? How can they be used pressed by Romer's attitude that they pressure a lot more. He feels that plus the effectively? What is the profile of a person "were there to do business" and they were amount of large animals that will survive to wanting to live here? How many more peo- pleased with the credentials of those who be hunted next year are the two most ple are wanted? What kind of industry does were on the trip. positive aspects of new regulations. the community want? What community Armstrong says that Taiwan was much Big game hunting and fishing mean more values should be preserved? more encouraging to them than Japan, but than just big bucks on the Western Slope. Coyle says the zone designation and tax that the Japanese have opened an official They are an example of a natural resource, incentives offered already prompted one economic office in Denver. The JETRO says Wildlife Commission member Rebec- large manufacturer to select a site in opening is "symbolic" Armstrong feels. It ca Frank of Grand Junction, which, if Pueblo. Officials of McDonald Douglas said shows the Japanese are interested. managed wisely, will offer a large return on the zone designation was of primary con- Taiwanese officials were very interested the investment. Out-of-state hunters and cern in their choice. Coyle hopes the incen- in low sulphur, Western Slope coal, com• fishermen are now supporting the Colorado tives will prompt businesses' already mented Armstrong. They have a severe wildlife programs. Is that the way it should located in the zones to expand. pollution problem in Taipei. If Colorado be? were to make an immediate effort to pro- Incubators vide signs, guides, menus, interpreters and Berthoud Tunnel In the past year, 100,000 square feet of tourist information in Japanese it would be Northwestern Colorado will be a half new retail space has been occupied in a fast way to attract tourists with a yen to hour closer by car to the Eastern Slope if a downtown Grand Junction. Downtown spend in Colorado. Trip participant, Steve $200 million tunnel under Berthoud Pass is Development Authority (DDA) director, Gary Mills of Glenwood Springs, is already pro- constructed as planned. A three company Ferguson, says that translated into 27 new ducing marketing tools in Japanese to lure international consortium has put up $1.9 businesses and 7 expansions. Planning ef- tours and groups from the Orient. million for feasibility studies. They include forts are now being concentrated on the CRS Sirrine, Inc., Kumagai Gumi of Japan west end of downtown. A new office to be Hunting located there located there immediately will house the In- Colorado's new big game hunting restric- and Guy .f r Atkinson the 4.36 mile Company. The pro- Program. tions didn't cut down on the amount of Posed se toll tunnel is on The project is a joint effort between forest service land. The next 12.14 months hunters as much as wildlife officials feared. will be devoted to environmental studies private business, Mesa County and the In 1985, there were 371,671 deer and elk says tunnel authority spokesman, Don Colorado Department of Local Affairs. licenses sold to in- and out-of-state hunters. Spokesman Tim Sarmo says a $275,000 That generated $20,286,522 in revenues for Please turn to Page 6 grant will provide business assistance and support to a small business wanting to ex- pand. The company will occupy the low-rent space until it proves viable then it will move out into the "real world" freeing up the space for another business. The Incubator director will also provide expertise to other small area businesses. Advertising for the director will be conducted in January. Sar- mo says the emphasis of the program will be on "do!lar importing concerns." Colorado leads the nation in small business failures. Most small businesses fail to believe the experts because they are undercapitalized and cannot pay start-up or expansion costs or the owners may lack the mountain Bell expertise to manage the business properly. Instigators feel the Incubator Program helps take a business that has survived and allow them a good chance to expand suc- cessfully. Tai-Wan On? Japanese real estate investments in the Page 6 Colorado West More Western Slope Signals Continued from Page 5 She thinks the last two years have been pects that trend to continue as the plant ex- Drake. No state or federal money will be important because of the knowledge gained pands to 200 employees in the next year used to construct the tunnel. The Authority and because the valley growers now have a and 350 to 400 when the plant is completed is seeking tax-deductible contributions for reputation for a quality, bug-free crop. in 1989. Misiak claims that Sundstrand the project. A 30 year term, tax exempt, Growers were able to get a premium price employees elsewhere are "standing in line" revenue bond is proposed to finance the for head lettuce and sweet corn this year. to get transferred to Grand Junction. He project. The corn is being grown from a special notes there is little worker turnover. hybrid seed developed by Dave Gallinat of The aerospace industry is very corn- The Greening of the Uncompahgre Valley Olathe. The onion harvest is continuing; petitive claims Misiak. Of the 15,000 to A record amount of acreage was planted Fishering says the price is holding steady 16,000 parts made by Sundstrand 5 years in broccoli in the Uncompahgre Valley in so there will be no dumping of an un- ago, almost 80% are no longer being pro- 1986. The crop.produced a record amount, marketable crop as was seen last year. duced or have been replaced by something but the broccoli market was the worst it has Next year broccoli growers hope they will more sophisticated. ever been says grower Nancy Fishering so see more green than just a successful crop. they did not get good prices. The past three Other Notables years has been spent in trying to find alter- Sundstrand The Unocal Shale project outside native crops to barley for farmers in the Un- On January 5, 1986, Sundstrand opened parachute has produced enough oil to ship compahgre Valley. The Department of Local their doors in Grand Junction. A year later, for refinement. It is now going to Salt Lake, Affairs awarded two grants to help with the the plant has a third shift and employs 140 but talks are continuing with Gary Refinery effort. The $1.3 million in grants allowed full-time workers. Their monthly payroll is officials in Fruita about possible process- growers to decide to try vegetables like $1.8 million. That is 40 more workers than ing of the oil there. The refinery is currently broccoli, lettuce, sweet corn and onions. had been projected for this time says shut down. Fishering says the bulk of the money went manager, Thomas Misiak. They have pur- The Deserado Coal Mine outside Rangely to pay for leasing specialized watering and chased supplies in the Grand Junction area celebrated delivery of one million tons of planting equipment needed for such crops worth $1,145,672.00 in . the last eleven coal in November. The customer is the and to pay for the expertise of a California months. That averages out to about Deseret Power Plant in Bonanza, Utah. grower and entomologist. $104,000 a month says Purchasing Head, Work has started on the new portals for Fishering says the acreage planted in Ron Shelby. The bulk of community pur- the Orchard Valley Coal Mine in Paonia. broccoli doubled in the last year to 435 chases should continue Shelby says, as the That would allow the mine to reopen. It was acres. The yield on those acres was 21/2 dollars pay for on-going service needs like closed as the result of an explosion and fire times what it was in 1985. Even though na- security, janitors and office equipment ren- a year and a half ago. tional consumption of broccoli is up an tals. The size of the Vail and Beaver Creek ski estimated 7%, the price paid to growers did Additional workers are being added at areas could be six times what they are now not go above $3.50 a carton for the entire the plant because more tooling machines if administrators there make the decision to month of July. In 10 years of record keep- are being installed and a plating or anadiz- develop the area the Forest Service has just ing, the price has never stayed below $3.50 ing operation for plant parts will be com- okayed for expansion. The terrain is 12,700 a carton for more than a week. The usual plete this month. The parts being coated acres in bowls behind the present areas. rate is about $4.50 a carton. No one is sure and machined are primarily aluminum im- The Vail and Beaver Creek areas sold why, but Fishering says that Maine had a pellers and pump parts used in jet engines. around 1.3 million lift tickets last season. huge increase in the amount of acreage As more work is being added at the plant The town of Wolcott was sold to two St. planted to broccoli. Most growers did not and more becomes computerized, workers Louis investors. The price.for the small set- lose money here Fishering notes, but they are being retrained. Of Sundstrand's 140 tlement was $269,000. didn't make much either. workers, 100 were hired locally. Misiak ex- There will be an unusual tourist attrac- tion in Montrose. A miniature of the Viet- nam War Memorials will be there June 21-26. Local donors have raised most of the funds to bring the exhibit to Montrose on its nationwide tour. The wall and statue are half the size of the original in Washington, D.C. Head of the planning department, Joanne Williams in Gunnison reports that "Gun- nison County noted an 11 percent increase in retail sales tax revenues between 1980 and 1984, and an 8.2% increase in 1986." "In 1985 local governments and Crested Butte Mountain Resort courted American Airlines,. which responded with direct Mountain Be11 flights bypassing Stapleton. Since those direct flights were initiated, Crested Butte Resort has experienced a substantial in- crease in skier days ('84 totalled 329,439; '85-'86 totalled 352,499). This Thanksgiving, skiers increased by 70% over 1985, which in turn was up 25% over the previous year." - Edited by Linda Skinner Colorado West Page 7 1986 Club 20 Board of Directors 1986 Club 20 County Director' Address Phone-work home Executive Committee Archuleta Jock Jacober - D P.O. Box 702, Pagosa Spgs. 81147 731-2000 883-2207 Medray Carpenter-A P.O. Box 422, Pagosa Spgs. 81147 731-2467 Chairman Delta Jim Rowland - D P.O. Box 59, Delta 81416 874-8081 874-9690 Bob Young Matt Sakurada - A P.O. Box 1299, Paonia 81428 527-4235 527.3359 P.O. Box 854, Eagle 81631 328.2326 - w Dolores Dave Corlett - D P.O. Box 37, Dove Creek 81324 677-2394 328-6558 h Wayne Magness - A P.O. Box 1176, Cahone 81320 677.2811 562-4521 Secretary Eagle Ken Norman - D P.O. Box 97, Eagle 81631 328-6914 328.6914 LaMoine Brown Roy Robinson - A P.O. Box 450, Eagle 81631 328-6656 328-1670 P.O. Box 730, Montrose 81402 Garfield Dick Martin - D 13112 State Hwy 82, Carbondale 81623 963-3028 963.2796 249-3486 - w Carol McInnis - A 0573 - 131 Rd., Glenwood Spgs. 81601 945-5996 249-3385 - h - Grand Bill Needham - D P.O. Box 286, Granby 80446 887-3614 887-3154 Treasurer Frank Norton - A P.O. Box 731, Grand Lake 80447 623-3111 Kay Hayashi 1280 Cannell Avenue, Grand Jct. 81501 Gunnison Bob Decker - D 2 Irwin St., Gunnison 81230 943-2118 641-1196 242-2494 • w Ralph Walton, Jr. - A P.O. Box A, Mt. Crested Butte 81225 349-2200 242-2494 - h Hinsdale Irene Weems - D P.O. Box 653, Lake City 81235 944-2679 Past Chairman Perk Vickers - A P.O. Box 96, Lake City 81235 944.2249 Jerry Kempf Lake Carl Miller - D 505 Harrison Ave., Leadville 80461 486-1410 P.O. Box 1149, Montrose 81402 Patrick Wasworth - A 505 Harrison Ave., Leadville 80461 486-1410 249-4501 - w LaPlata Jackson Clark - D P.O. Box 2168, Durango 81302 247-8277 247-9074 249-1194 - h Mesa Lana Turrou - D 2186 Buffalo Dr., Grand Jct. 81503 245-0562 President Marietta Benge - A 118 Hillcrest Manor, Grand Jct. 81501 242-3284 242-5737 Bill Cleary P.O. Box 550, Grand Jct. 81502 Moffat Chuck Powell - D P.O. Box 1147, Craig 81625 233-8334 824-6325 242-3264 - w Pome Camilletti - A 221 W. Victory Way, Craig 81625 824-5484 824.6764 241-0524 - h Montezuma Bill Bauer - D Rd. P 19501, Cortez 81321 565-7742 Reg 9 Vice Chairman Jerry Wiltgen - A 29 E. Main, Cortez 81321 565-4000 Jasper Welch Montrose LaMoine Brown - D P.O. Box 730, Montrose 81402 249-3486 249-3385 950 E. Second Ave., Durango 81301 Ouray Mike Kern - D P.O. Box 367, Ouray 81427 325-4484 247 5212 w Chick Rahm - A P.O. Box 401, Ridgway 81532 626-5457 Reg 10 Vice Chairman Mick McCarty Pitkin Eve Homeyer - D 810 Cemetery Lane, Aspen 81611 925-1120 925-7142 802 E. Main St., Montrose 81401 Rio Blanco Nick Theos - A 6909 County Rd. 49, Meeker 81641 878-4485 249-2800 - w Routt Joe Boyd- D P.O. Box 683, Hayden 81639 276-3731 879-7332 323-5703 - h Bob Simillion - A P.O. Box 71, Steamboat Spgs. 80477 879-1160 879.1263 Reg 11 Vice Chairman San Juan Lew Parcell - D 104 Duncan, Montrose 81401 249-5080 Flaven Cerise P.O. Box M, Carbondale 81623 San Miguel Randy Brown - D P.O. Box 1040, Telluride 81435 728-3974 945-9158 - w Summit Tom Glass - D 726 E. 16th St., Su. 301, Denver 80203 837-1036 or 963-2634 - h 866-4865 Reg 12 Vice Chairman John Hess - A P.O. Box 739, Frisco 80443 668-5445 William R. Haight t~ P.O. Box 770308, Steamboat Spgs. 80477 879-0108 - w 1986 Club 20 Committee Chairmen 679-1319-h Special Appointees Fred Collett Position Name Address Phone-work home P.O. Box 326, Gypsum 81637 524-7777 - w Tourism Dennis Sanfilippo 743 Horizon Drive, Grand Jct. 81506 241-8888 524-9762 - h Ec. Develop- ment John Hess P.O. Box 439, Frisco 80443 668-5445 Bob Simillion Nat. Resources Ival Goslin 340 Lorey Drive, Grand Jct. 81505 830-1550 245-7879 P.O. Box 71, Steamboat Springs 60477 Agriculture Nick Theos 6909 County Rd 49, Meeker 81641 same 878-4485 879-1160 - w Transportation Stan Dodson P.O. Box 248, Glenwood Springs 81602 945-2233 945-6637 879-1263 - h Aviation Lana Turrou 2186 Buffalo Drive, Grand Jct. 81503 245-2926 245-0562 Sam Suplizio Membership Dick Stephenson P.O. Box 1106, Glenwood Springs 81602 963-3516 963.2009 P.O. Box 100, Grand Jc* 41502 243-6600 - w 242-7920 - h M 4111- EN cgwesro Banks Club 20 Office Staff IntraWest Bank of Montrose Bill Cleary T. A. Dixon 400 Main Street P.O. Box 550 Post Office Box 730 Grand Junction, Colo. 81502 Montrose, Colorado 81402 845 Grand Ave. (303) 249.2000 Phone (303) 242-3264 • e OZ*7 o • L59i3 0~ `ti'n peOd @oeJUOJJ -S SL I L en J0 U1,101 I i ounoD umol pue aoXeli 1744 'ON uwJad OC ` zof pue'O Gl`dd 0990-Z09L9 '0100 `uollounr puel0 a6elsod -s-n 099 Xo8 'O'd 31va Hine OZ 413 Economic development by Bill Cleary Chairman Jerry Kempf, Region 12 Vice a two-way street. President Chairman Bill Haight, member Sam Suplizio An obviously pleased Roy Romer noted December 19, 19t$6 and long=time director Don Foster, as well that the Colorado West meeting was the was a busy day in the = as President Bill Cleary joined in the discus- largest of the out-state meetings and came world of economic sion that involved numerous Club 20 within 10 people in attendance at Denver. "I development for members. Ideas presented to the governor always knew western Colorado had a lot of western Colorado and elect covered many of Club 20's traditional talent," he said "and now I've met them Club 20. At the request " issues: highways, tourism, airports, and face to face." of Governor-elect Roy ' agriculture. Also, there were statements Romer, Club 20 put calling for regulatory reform, quality higher It was a good session . . . one that together one of the ® education in western Colorado, help for ex- perfectly fit the Club 20 mission: to work for most impressive isting business and advice to the governor- economic stability and orderly growth gatherings of government and business elect that cooperation with the Front Range through education, promotion and political leaders from Colorado West that had been metro area is a laudable goal but it must be action. seen in some time. They came from Cortez and Steamboat, and from Leadville, Gun- nison, Glenwood, Eagle, Rangely, Frisco interested i n and all points in between. There no question that economic Grand Junction? development is on everyone's mind in our Club 20 land and the sight and sound of a governor-elect giving priority attention to it Call or write Bray & Co. Realtors - even before taking office - was satisfy- for a free Real Estate Guide ing to the 350 to 400 people in attendance. or an area street map. • Comments were invited and freely given as Roy Romer described the basic organiza- BRAYFa RF.ALTORtis tion he wanted to put in place to show that Colorado means "business." No miracles 1015 N. 7th Street OjBetter were promised and none were asked as Grand Junction, CO 81501 1'~h'"" Club 20 Board Chairman Bob Young, Past RECD FEB - 2 1987 C H AMB E R F O RUM L UN C H E ON DATE: TUESDAY, FEBUARY 10, 1987 TIME: CASH BAR 11:30 LUNCH AT NOON COST: $7.50 for VRA members $8.50 for non-member LOCATION: THE LODGE AT VAIL (International Room) Mr. George Doughty, the Director of Aviation for Stapleton International Airport will be speaking on the progress and the future of Stapleton . VAIL RESORT ASSOCIATION, 241 E. Meadow Drive, Vail, Colorado 81657 r~ T0: Town Council FROM: Community Development Department DATE: February 3, 1987 SUBJECT: Appointments to PEC We have an additional applicant for the Planning Commission, Howard Rapson, who served on the Planning Commission until the Town de-annexed the West Vail area where Howard lived. Attached is his letter of application. Howard's Hues Howard Rapson Howard Rapson 2526 Arcisa Drive Vail, Colorado Vail Town Council Vail, Colorado cour,c i.1men: I am wr i.I.J.TnCg in ~.?~;_J_! +.`1c•' e 3 po'sitlon on Vaj l ? s P11.Zr1-11.llu' and n\; L' ?"nn.m(-,,n L Commission. 1 have pact some e..xPe-r=rice and would like to continue tU iJ:~f' ;f1V _X- --r ~en~'e w-L h 'he r--)PstrU~tiOTl and guest CJMITI ni :-i. in he i. .prig to sic r (i11T2E' tht: Tutu -e of our towTn. 1 reel. 1 have Lilo time- to commit.. to endeavor- and ?:~yll spend time coward our comm,{.'-. :gc( 1.--. Respecf ill _!.y, Ho%%ar-d M. Rapso 2572-A Cortina Lane • Vail, Colorado 81657-4226 • Telephone 303/476-3237 revised 01/02/87 TOWN OF VAIL REAL ESTATE TRANSFER TAX F.Y.E. 12/31/87 ORIGINAL RESALE TIME- SALES UNITS SHARING OTHER TOTAL JANUARY 0 127,660 2,731 0 130,231 FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER TOTAL 0 127,660 2,731 0 130,231 revised 01%02/87 TOWN OF VAIL REAL ESTATE TRANSFER TAX F.Y.E. 12/31/86 ORIGINAL RESALE TIME- SALES UNITS SHARING OTHER TOTAL JANUARY 0 99,093 2,281 0 101,374 FEBRUARY 0 63,729 1,177 0 64,906 MARCH 0 90,413 2,144 0 92,557 APRIL- 0 178,444 4,262 37 182,743 MAY 0 96,639 2,012 0 98,651 JUNE 0 77,763 2,152 0 79,915 JULY 0 68,634 1,807 0 70,441 AUGUST 0 94,175 6,007 0 100,182 SEPTEMBER 0 92,874 11,778 3,515 108,167 OCTOBER 0 90,454 2,938 468 93,860 NOVEMBER 0 86,024 3,011 12 89,047 DECEMBER 0 89,418 3,343 13,934 106,695 TOTAL 0 1,127,660 42,912 17,966 1,188,538 Revised 01/0/87 M1 OF VAIL FEPL EMME %VMprn TAX hi xLu ,l FFCM 198D Ml 1987 AM ACTUAL ACCUAL AWAL ACTUAL ACNAL ACTUAL AC TU a' JAM]ARY 63,999 96,(89 106,981 119,912 78,(53 80,733 101,374 130,231 83,395 mItL Y 40,595 89,018 105,C24 1 ,220 85,289 170,C52 64,906 82,086 MARCH 69,886 126,955 10,533 137,8?0 62,893 63,831 92,557 82,953 APRIL 76,855 91,653 65,900 103,526 173, ---21 90,396 182,743 96,579 MAY 42,'538 84,524 54,663 901599 96,Co6 228,673 98,651 76,(52 JU[E 62,239 1Z5,433 54,488 140,633 76,467 49,513 79,915 71,444 JULY 49,357 186,110 104,E 68,539 157,558 88,528 70,441 87,726 AUGUff 79,839 115,499 71,282 97,806 5`3,937 32,860 10b,182 73,152 -&em, &R 59,8M 113,992 49,332 96,746 64,671 48,516 1(8,167 67,890 wu _w 1(8,510 154,000 42,493 122,546 88,752 1C79,633 93,860 95,806 NMNE R 102,623 107,768 81,893 91, 5 105,103 74,9079 89,047 84,230 ~R 142,662 133,867 110,911 56,533 81,80 333,139 10,895 100,763 xm 899,133 1,409,686 956,571 1,2,56,330 1,129,'X6 1,320,7831,18B,53B 1,00D,ODD 1C1^dV CF VAIL 01128187 CLMI= MMLY SALES TAX OnrpiuZ RETAIL SALES INZI.LM WEST VAIL %IZrase 1979 (x-80) 1990 a0-i1 1~1 (81-~ 1 x-83) 19E3 ( 1984 (84-85) 19B5 1=5-~G Actual met 1 1966 R t JANUARY 437,?M 43.1% 626,448 (17.(-:%) 514,1C2 31.3% 675,185 3.1% 696,752 6. 742,20 18.7% 881,3)4 1.0% 8;0,595 (2z) 910,000 ru tom 547,306 14.E 624,040 (4.7%) 594,292 15.7% 687,E 9,3% 7751,6956 9.6% 824,650 11.3% 918,154 3.C% 9116,552 (7.26) 1,C20,000 MARCH 534,184 27.E 683,000 2.1% 697,464 22.E 853,648 14.Y 977,E28 10.9% 1,CB4,814 9.4% 1,187,520 10.8% 1,316,652 4.5% 1,250,000 AMM 254,626 (3.C%) 246,6EO 24.E 308,436 15.1% 355,380 (10.C%) 319,546 50.51. 481,204 10.4% 531,6619 (19.x) 4;0,871 (23.1%) 560,000 MAY 109,758 (18.'%) 89,180 52.2% 135,774 8.91. 147,378 6.2% 156,E 6.1% 166,200 (1.9%) 162,912 50.E 244,987 16.6% 210,000 JUE 161,550 8.9% 176,044 33.2% 245,2C4 .ffI, 247,326 4.2% 257,744 1.97. 21'2,696 6.S% 280,828 40.8% 395,622 21.77% 325,000 JLLY 230,380 22.3% 281,846 20.4% 339,418 2.8% 399,116 16.7% 407,474 (.2%) 406,462 10.1% 447,815 (.5%) 445,512 (12.6%) 510,000 AL[IIST 239,100 12.1% 266,0552 24.1% 332,724 4.8% 348,756 9,W- 303,224 5.1% 4C2,7S2 (3.9%) 386,985 41.2% 546,493 21.4% 450,000 -hrlrPHR 175,452 .310. 176,030 62.3% 285,918 (6.01.) 268,E 20.E 304,710 18.5% 384 664 (11.x) 340,102 340,0 (22.7%) 440,000 uau:ttt 118,700 15.7% 137,376 63.E 225,024 (.516) 223,830 11.2% 19B,614 3.8% 2D6,248 (1.5%) 203,139 16.90 237,504 (12.x) 40,000 N)VEIIER 132,590 6.0% 140,630 49.5% 210,254 16.9% 245,894 14.Y 281,7)4 10.2% 310,617 (26.q%) 228,2SD 64.97- 36,657 4.6% :60,000 51.rnu L& 2,941,346 17.26 3,449,526 12.7% 3,898,610 13.2% 4,4C2,EP4 8.46 4,756,040 1W% 5,22,809 5.6% 5,5%,7a) 104% 6,171,521 (2.,'66) 6,315,000 EMEER 549,000 7.5% 590,242 39.E 820,'rf2 (10.1%) 737,506 15.E 853,100 626 906,758 ( .0I) 9C5,955 5.01, S53,000 TCDL 3,490,346 15.7% 4,059,768 16.!% 4,709,372 9.1% 5,140,330 9.1% 5,609,140 10.1% 6,179,567 4.7% 6,414,675 12,E 7,268,000 MW OF VAIL KKM 1E1%.91% IN MW M 1974 (~74-5) 1915 1995 ~ 7T7 1577 (77-'78 1978 (7 799 1979 %Mm8DT 1960 M) 19B1 "61-,E2) 19e2 (M$3 1933 %L(8-3 19E4 $~4reT 19E5 E3~tbl 1966 JarxBry 4,1E2 3E% 5,181 29% 7,512 0 7,9A 96 8,530 37% 11,664 32% 15,453 (14%) 13,3333 25% 16,696 E% 17,744 E% 18,73 126 21,076 26 21,457 Fetmary 4062 41% 6,104 3:% 8,249 (4%) 7,846 2E% 9,933 2C% 11,999 25 15,412 (1%) 15,195 1E% 17,62'7 5 18,477 1C% 20,297 1C% 71„ 69 E% 24,157 %rch 5,637 2E% 7,Z B 3C% 9,483 (15%) 8,036 47% 11,845 26% 14,E 19% 17,754 29 18,(51 21% 21,831 1~% 24,824 14% 28,271 S% 30,62A 1]% 34,654 April 1,162 (2%) 2,111 3,91 (N) 3,7&1 E% 4,101 3C% 5,333 22% 6,461 19% 7,737 22% 9,407 (1% 8,179 51% 12,336 7% 13,186 (21%) 10,445 Dby 762 (N) 733 3E% 1,003 2-,% 1,23 336 1,643 17% 1,916 1E% 2,296 4S% 3,356 4% 3,491 a 3,846 11% 4,254 (17%) 3,533 14% 4,011 June 1,666 (5%) 1,575 4]% 2,261 1E% 2,677 2E% 3,414 1E% 3,90 E% 4,264 5D% 6,331 (2%) 6,239 36 6,442 1E% 7,454 (2%) 7,a2 E% 7,753 July 1,900 34% 2,559 2% 3,201 306 4,175 29% 5,333 4% 5,644 1~% 6,3999 3E% 8,671 1% 8,794 E% 9,471 5% 9,976 4% 10,32 9% 11,33B AyQust 2,240 4C% 3,146 25% 2,779 2,S 4,693 21% 5,684 9% 6,171 12% 6,886 2~% 8,646 8,586 129 9,661 1C% 10,627 7% 11,410 12;8 12,832 Septmber 2,150 (12%) 1,874 3E% 2,568 15% 2,93? 219 3,709 1E% 4,362 26 4,441 59% 7,073 7,032 13% 7,990 196 9,560 (17%) 7,83 21% 9,548 fiber 973 Z% 1,217 296 1,590 128 1,778 33% 2,367 196 2,722 21% 3,298 5 % 5,099 2% 5,214 6% 5,520 (11%) 4,914 (11%) 4,378 47% 6,442 PbvEmter 11526 3C% 1,995 (12%) 1,-,55 3E% 2,422 1E% 2,862 3C% 3,'77'99 (7%) 3,481 6-z% 5,633 14% 6,404 6% 6,EC6 1C% 7,522 (24%) 5,716 3T 7,962 L-- 1 5,377 Z5% 6,735 (11%) 5,969 41 8,826 32% 11,535 2D% 13,E S% 15,340 3-C% 19,95 (E%) 18,621 14% 21,23• 14% 24,286 5% 25,939 Total 31,951 24% 41,C86 24% 50,310 9; 55,296 2E% 71,(52 22% 86,339 17% 101,467 17% 119,115 130,66o 140,193 1 158,168 3% 163,424 i.ccgirg 10,E57 2i% 13,523 2-% 16,Ef33 6% 17,678 24% 21,864 13% 24,803 31% 32,463 0). 29,737 E% 31,30 136 35,67 17% 41,399 7% 44,519 Restaurant 7,567 25% 9,459 Zj% 11,852 11% 13,119 34% 17,555 16% 20,393 14% 23,337 1S% 27,700 17% 3,283 7% 34,493 12% 38,579 39,691 ~ercial 12,832 21% 15,561 24% lg,-,25 136 21,767 25% 27,239 Z% 35,186 1C% 39,558 34% 51,624 5 53,118 6 55073 11% 61,809 26 63,241 Utilities 1,645 55% 2,546 34% 3,437 99 3,73 1E% 4,345 3E% 6,017 1E% 7,1603 42% 10,04 326 13,263 112% 14,8E0 96 16,201 (1%) 15,973 W-st Vail f~ta'I %les: 1 $1~j4,E34 1 14;93 J I. M H CF M]y.I(~.]~y~y1 11111 ~ (iY L1WiSlS 1984 SAM TAX 19B4 FIL SAES 19E5 SAM TAX 19E5 FAIL SALES 1996 SALES TAX 1986 NE GAIL SAM 1kstVail kpstVail 6195tvail ;Decrease 4kstVail 412st W=_st %Decrease 4kstVail West Wet crease Wastvail hest hest 1wr®se Vail Vail Mail Total Dail VWjl Total InreaseVail Vail Vail Total Vail Vail Total Irxrose Vail Vail Vail Total Vail Vail Total Janary 2.C% 321,110 8.E% 28,493 349,EO3 16,65 1,425 17,42 24.7% 315,3 9.5% 35,543 410,893 18,768 1,777 2,545 (74.E%) 96,T2 2.~% 9,019 407,721 19,935 451 2,386 FetrLary 9.1% 3S4,00 9.4% 34,450- 396,480 18,202 1,722 19,924 M% 411,350 8.3% 34,345 445,' 20,566 1,717 22,26 29.1% 411,831 10.7% 44,1EO 455,191 2,592 2,218 22,810 Nerds 8.5% 496,347 8.1% 40,383 535,736 24,918 2,019 26,T7 9.4 535,E a.,-% 44,200 390,16 26,796 2,210 29,0C8 32.E 556,839 10.3X% 58,480 625,318 28,342 2,924 31,266 April 7.E% 199,762 12.5% 25,132 224,894 9,938 1,257 11,245 14.E 3-45 12.1% 26,E 267,279 11,920 1,444 13,364 31.E% 157,191 2426 39,00D 16,194 7,EEO 1,970 9,760 Iby (6.N) 54,95 31.E 17,535 72,470 2,747 0 3,623 3.7% 50,69 35.E 18,152 68,831 2,532 939 3,441 23.0 51,427 43.E 22,465 73,893 2,571 1,123 3,616 June ME%) 'M,6552 21.3% 21,903 124,555 5,133 1,095 6,228 4.S% 1C8,9j1 21.1% M,952 131,995 5,45D 1,149 6,533 39.E 115,422 27.8% 32,039 147,461 5,711 1,632 7,373 July 2328 1EO,= 18.88 9,156 193,226 8,CQ3 1,508 9,511 (12.C%) 176,793 15.0% 26,524 23,317 8,839 1,326 10,165 48.E 183,444 21.0 33,3 222,772 9,172 1,966 11,133 A.gtst 16.7% 167,573 18.1% 30,256 197,829 8,379 1,513 9,891 (81.x) 1E2,527 3.C% 5,644 1EB,171 9,125 2E2 9,406 616.E 2D8,C8O 19.4% 40,413 248,493 10,404 2,021 12,42'5 ky 15.5% 145,840 19.1% 27,931 173,744 7,2S2 1,395 8,687 (3-% 111,813 24.0% 26,925 138,738 5,930 1,346 6,935 2.3% 142,49 22.7% 2,4CB 174,847 7,122 1,621 8,742 (:toter 11.E 69,381 33.1% 22,651 91,CE52 3,419 1,135 4,552 33.3t 57,6M 59.6% 30,211 80,8 2,534 1,511 4,(45 40.E 83,134 50.9% 42,397 125,521 4,157 2,119 6,276 NmEnter 27.3% 116,548 24.9% 29,011 145,559 5,F 1,451 7,278 (85.x) ioi,e69 40% 4,434 106,303 5,093 222 5,315 652.E% 125,874 26.E 33,372' 159,245 6,2S5 109 7,962 C-U, (3(3^4%) 355,832 12_1% 47,W 443.754, 19,792. 2,396 22,189 (88.U6)• 438,412 1.3% 5.835 444,217 21.1 i 22.211 Tbta] 8.2% 2,35,080 13.7% 355,832 2,60,5 129,755 17,E 147,544 (2.a) 2,782>736 10.1% 283, 701 3,066,491 139,139 14,183 153,31 1994 VAIL CILY 1963 VAIL C LY ReXsbznt 26 1Rust ~1,E19 1. 2 Utility 12; 18. Utility 12,718 (1.}