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Home My WebLink About1987-10-06 Support Documentation Town Council Work Session . ~ VAIL TOWN COUNCIL WORK SESSION TUESDAY, OCTOBER 6, 1987 12:00 p.m. AGENDA 1. Local Liquor Licensing Authority Board Interviews 2. Discussion of Congress Hall Financing Options 3. Report from the Marketing of Vail Committee 4. Swimming Poo1 Task Force Update 5. Discussion of Ford Park Lower Bench Grading Contract 6. Budget Discussion A. Public Works B. Transportation C. Heavy Equipment Fund 7. Information Update 8. Other Lunch will be served VAIL TOWN COUNCIL to Council. WORK SESSION TUESDAY, OCTOBER 6, 1987 12:00 p.m. EXPANDED AGENDA . 12:00 1. Local Liquor Licensing Authority Board Interviews Pam Brandmeyer Action Requested of Council: Conduct interviews with the five applicants, who are as follows: Rob Ford (current member); Bob Kendall (current member); Colleen McCarthy (originally appointed 6/84 but resigned with the deannexation of West Vail 9/85); Betty Neal; and Lisa Dillon. Attached are copies of their application letters and attendance records for Ford and Kendall over the past two years. 12:30 2. Discussion of Congress Hall Financing Options Ron Phillips Charlie Wick Action Requested of Council: Decide which financing option Steve Barwick should be used for the ballot question on the Congress Hall. Background Rationale: The operating, marketing and financing scenarios for a proposed Congress Hall have been studied in depth and various options will be discussed again for Council's consideration. Steve Jeffers of Kirchner- Maore will be at the meeting to address bonding questions. Things to consider in this decision may include: 1. Which formula spreads the burden appropriately to those business sectors benefiting from the facility? 2. Which formula keeps the total sales tax number in an acceptable range? 3. Will any mill levy increase be approved in the.current reappraisal of real property climate? 1:00 3. Report from the Marketing of Vail Committee Charlie Wick Action Requested of Council: Review/discuss the Marketing of Vail Committee report. Background Rationale: The Council formed this committee to report on the formula methods for the marketing of Vail. Staff Recommendation: Staff recommends that Council move ahead with an ordinance adopting business license fees for the marketing of Vail and hold the public hearings soon on this matter. 1:15 4. Swimming Pool Task Force Update Tim Garton Action Requested of Council: Discuss UMRD's interest in participating in the development of the Aquatic Facility. 1:30 5. Discussion of Ford Park Lower Bench Grading Contract Kristan Pritz Action Requested of Council: Review the staff's choice of a contractor and budget for the project. 6. Budget Discussion 1:45 A. Public Works Stan Berryman 3:00 B. Transportation Stan Berryman 4:00 C. Heavy Equipment Fund Stan Berryman 5:00 7. Information Update 5:05 8. Other ` -2- i yt ~ lowo of vail 75 south trontage road office of the town manager • vail, colorado 81657 (303) 476-7000 T0: VAiL TOWN COUN FROM: PAM BRANDMEYE DATE: OlOCT87 RE: APPLICANTS FOR LIQUOR LICENSING AUTHORTTY Both Rob Ford and Bob Kendali have reapplied for a twQ-year appointment on the Liquor Licensing Authority, both having originally been appointed in October of 1985. Their attendance records are as follows: ROB FORD PRESENT ABSENT October-December, 1985 5 U January-Uecember, 1986 8 6 January-September, 1987 6 3 BOB KENDALL PRESENT ABSENI' October-December, 1985 5 0 January-December, 1986 g 5 January-September, 1987 6 3 . I _ . - - - - - - - - , q : . , . . . . „ - ~ IO:DO~I•~• ROBERT E. FoxD , • . 2765 BALD MOUNTAIN ROAD . ' - . vnu., coLOxAno 81657 Monday Sept. 7, ' 1987 . ' . - . Pamela A. Brandmeyer, Secretary y '.'Local Liquor Licensing Authority • ; Town of Vail , . . Dear Pam,; very much would like to continue with my po- sition on the liquor board. I feel I haveldone a good job in.this position for the past year and would like to continue. ' . . . : . . . I remain a resident and property.owner.in the Town limits of.Vail. If you have any ques- tions concerning this application to continue on the board, please don't hesitate to give me a call. ~ - . Thank Cordially, Robert E. Ford . , . , ~ ~L q~l~7 C~,ug ~ September 9, 1987 Ms. Pam Brandmeyer Town Clerk Town of Vai.l 75 South Frontage Road Vai.l, CO 81657 Dear Pam: I would like to submi.t, formally, my request to become a member of the local liquor li.censi.ng authority. A 9-year resident of Vail, I am the Administrator for the Vail Valley Foundation. In this position, I have represented the Foundati.on several times in its appeal to the Li.quor Licensing Authority for special events permits, and have developed a keen interest in the Authority. Before joing the staff of the Vail Valley Foundation, I bartended for many years, in North Carolina, Colorado, California, and.Australia. I am very aware of the laws which are unique to those states, and recognize that it is of utmost importance that people who serve alcohol understand thoroughly the laws that are speci.fi.c to their state. As the bar manager of the Gold Peak Bar, a Vai.l Associ.ates-operated faci.lity, I established and participated in an exchange between restaurant managers in Vai.l and Thredbo Ski. Resort, Australia, which- furthered my understandi.ng of the laws surroundi.ng the sale and consumpti.on of alcohol, to an international focus. I would be most delighted to serve on the Loca.l Liquor Li.censing Authority. Thank you for consideri.ng my appli.cation to participate in this most important community function. 'ncerely, Betty Neal q. . ks., U41d L 3~kll kelton/garton/kendall September 11, 1987 real estate sales and development Pam Brandmeyer Town of Vail 75 S. Frontage Rd. Vail, CO 81657 RE: Local Liquor Licensing Authority Dear Pam, Pursuant to your 12 August 1987 memorandum regarding membership on the referenced authority, I would like to continue my membership and remain active. cordially, Y C;p E ~ , Ro~be . Kendall RMK/meb 288 BRIDGE STREET, VAIL, COLORADO 81657 • TELEPHONE (303) 476-2466 ~ T0: VAIL TOWN COUNCIL MEMBERS RE: VACANCY ON LOCAL LIQUOR LICENSING AUTHORITY FROM: COLLEEN McCARTHY 2059 CHAMONIX #12 VAIL, COLORADO 81657 I wish to submit my name for appointment to fill a vacancy on the Town of Vail's Local Liquor Licensing A uthority. I am qualified to fill this position by virtue of the fact that I have been a resident of Vail since 1981 (excluding the West Vail Deannexation). In addition, I have operated a business in the town of Vail since 1978; and, I have previously served on the liquor board for the Town of Vail. Thank you for your time and consideration in review- ing my application. Respectfully submitted, f, - Colleen McCarthy ~ i~ AVON NATIONAL BANK September 22, 1987 Ms. Pam Brandmeyer Town of Vail 75 S. South Frontage Road Vail, Colorado 81657 Dear Pam: It has been brought to my attention a position on the Town of Vail Liquor Board is available. I would be interested in filling that position. Based on our conversation, I believe I meet the necessary requirements. Please contact me if you need further information, or to schedule a meeting. Thank you for your consideration in this matter. Your very truly, AVON NATIONAL BANK , ol. Lisa M. Dillon President Chief Executive Officer LMD/ds 0048 East Beaver Creek Blvd. Post Office Box 5640 Avon, Colorado 81620 303/949-1282 IDWRI ol 75 south frontage road vail, colorado 81657 (303) 476-7000 MEMORANDUM TO: Vail Town Council FROM: TOV Finance Staff DATE: September 30, 1987 RE,: Congress Hall Financing Alternatives Please find attached the requested analysis of Congress Hall financing using sales tax as the sole tax revenue source. We have also included a scenario using 2% bed tax, 1% resort tax and .1% sales tax. Also attached is a summary chart which shows the net effective tax upon the different categories of Vail businesses for each financing scenario. The chart also shows the percent of total Congress Hall revenue generated by each category of business for each scenario. Please call if you have any questions or wish to see different scenarios. sxB/ds ' CHI i. TC)WN OF VAIL CONGRESS AALL CASH FLOW ANALYSIS Scenario: 20 Year Bond - Level Debt Payments .8% Sales Tax (assumes 5% annual growt}i) LESS " MARKETING & RESERVE FI1ND ;;INCREMENTAL 12% NET ANNUAL OPERATIONS DEE1' EARNINGS TOTAL SALES TAX LODGE OPERATIONS .8% TOTAL ;;CASH SURPLUS YEAR EXPENSES SERVICE (@ 7.0%) COSTS ;;1/3 OF INCR.COMMISSIONS REVENUE SALES TAX REVENCTES ;;(SHURTFALL) 1938 653,000 0 (107,800) 550,200 0 0 0 1,640,000 1,640,000 1,089,800 1989 678,000 1,598,160 (107,800) 2,168,360 0 0 0 1,722,000 1,722,000 (446,360) 1990 777,250 1,598,560 (107,800) 2,268,010 15,000 65,000 25,300 1,808,100 1,913,400 (354,610) 1991 919,400 1,596,590 (107,800) 2,408,190 46,000 195,000 78,300 1,898,505 2,217,805 (190,385) 1992 1,108,750 1,597,150 (107,800) 2,598,100 97,(100 390,000 161,400 1,993,430 2,641,830 43,730 1993 1,349,000 1,594,810 (107,800) 2,836,010 17C1,000 650,000 277,000 2,093,102 3,190,102 354,092 1994 1,390,000 1,594,450 (107,800) 2,876,650 178,000 669,500 285,310 2,197,757 3,330,567 453,917 1995 1,431,000 1,595,600 (107,800) 2,918,800 187,000 689,585 293,869 2,307,645 3,478,099 559,299 1996 1,473,930 1,597,760 (107,800) 2,963,890 196,350 710,273 302,685 2,423,027 3,632,335 668,445 1997 1,518,148 1,595,400 (107,800) 3,005,748 206,168 731,581 311,766 2,544,178 3,793,692 787,945 1998 1,563,692 1,594,025 (107,800) 3,049,917 216,476 753,528 321,119 2,671,387 3,962,510 912,593 1999 1,610,603 1,598,165 (107,800) 3,100,968 227,300 776,134 330,752 2,804,957 4,139,143 1,038,175 2000 1,658,921 1,596,950 (107,800) 3,148,071 238,665 799,418 340,675 2,945,204 4,323,962 1,175,891 2001 1,708,689 1,595,260 (107,800) 3,196,149 250,598 823,401 350,895 3,092,465 4,517,358 1,321,210 2002 1,759,950 1,597,580 (107,800) 3,249,730 263,128 848,103 361,422 3,247,088 4,719,740 1,470,011 2003 1,812,748 1,597,980 (107,800) 3,302,928 276,284 873,546 372,265 3,409,442 4,931,537 1,628,609 2004 1,867,130 1,595,905 (107,800) 3,355,235 290,098 899,752 383,433 3,579,914 5,153,197 1,797,962 2005 1,923,144 1,595,785 (107,800) 3,411,129 304,603 926,745 394,936 3,758,910 5,385,194 1,974,064 2006 1,980,839 1,596,620 (107,800) 3,469,659 319,833 954,547 406,784 3,946,856 5,628,020 2,158,361 2007 2,040,264 1,588,060 (107,800) 3,520,524 335,825 983,183 418,987 4,144,198 5,882,194 2,361,670 Debt Service Coverage Ratio in stabilized year (1993): 124% 381,003 needed for 1509; Debt Service Coverage ratio. 1,105,916 needed for 200% Debt Service Coverage ratio. CHJ ~ TOAH OF V9IL CONGRBSS H9Lb CASH FLON AN9LYSIS Scenario: 20 Year Bond - LeYel Debt Paynents 2% Bed Tax 1% Resort 1ax .1X Sales ?ax LBSS 'd9RKBYING & R%S. FOND ;;INCREdBNTAL lOX NB? 9NNOAL OPHRATIONS DBBi B9RNINGS ?OTAb S9LB5 T9I LODGB OPRRA?IONS 2% 1% .1X TOTAL ;;CASH SORPLOS;; YBAR BXPBNSBS SBRPICB (Q 7.0X) COSTS ;;1/3 OF INCR CObtlISSIOHS RBYENOB BBD TA% RBSORT i9% SAI,fiS TA% RBPENDES ;;(S90RTFALL) 1988 658,000 0 (107,800) 550,200 0 0 0 800,000 727,000 205,000 1,732,000 1,181,800 1989 618,000 1,598,160 (107,800) 2,168,360 0 0 0 824,000 748,810 215,250 1,788,060 (380,300);; 1990 777,250 1,598,560 (107,800) 2,268,010 15,000 54,167 25,300 857,208 771,274 226,013 1,948,961 (319,049);; 1991 919,400 1,596,590 (107,800) 2,408,190 46,000 162,500 78,300 900,408 794,413 237,313 2,218,934 (189,256);; 1992 1,108,750 1,597,150 (107,800) 2,598,100 97,000 325,000 161,900 954,432 818,245 249,179 2,605,256 7,156 1993 1,349,000 1,594,810 (107,800) 2,836,010 170,000 591,667 277,000 1,020,162 842,792 261,638 3,113,258 277,298 1994 1,390,000 1,594,450 (107,800) 2,876,650 178,000 557,917 285,310 1,050,767 868,076 214,720 3,214,789 338,139 1995 1,431,000 1,595,600 (107,800) 2,918,800 187,000 574,654 293,869 1,082,290 899,118 288,456 3,320,387 401,587 1996 1,473,930 1,597,760 (107,800) 2,963,890 196,350 591,894 302,685 1,114,759 920,942 302,878 3,429,508 465,618 1997 1,518,148 1,595,900 (107,800) 3,005,748 206,168 609,651 311,766 1,148,201 998,570 318,022 3,542,377 536,630 1998 1,563,692 1,594,025 (101,800) 3,099,917 216,476 627,940 321,119 1,182,647 917,027 333,923 3,659,133 609,215 1 ; 1999 1,610,603 1,598,165 (107,800) 3,100,968 227,300 646,778 330,752 1,218,127 1,006,338 350,620 3,779,915 678,946 2000 1,658,921 1,596,950 (107,800) 3,148,071 238,665 666,182 340,675 1,254,671 1,036,528 368,151 3,904,870 756,799 2001 1,708,689 1,595,260 (107,800) 3,196,149 250,598 686,167 350,895 1,292,311 1,067,624 386,558 4,034,153 838,004 2002 1,759,950 1,597,580 (107,800) 3,249,730 263,128 706,752 361,422 1,331,080 1,099,652 405,886 4,167,920 918,191 2003 1,812,748 1,597,980 (107,800) 3,302,928 276,284 727,955 372,265 1,371,012 1,132,642 426,180 4,306,338 1,003,410 2004 1,867,130 1,595,905 (107,800) 3,355,235 290,098 749,793 383,433 1,412,193 1,166,621 447,489 4,449,578 1,094,342 2005 1,923,194 1,595,785 (107,800) 3,411,129 304,603 772,281 394,936 1,454,501 1,201,620 469,864 4,597,817 1,186,688 2006 1,980,839 1,596,620 (107,800) 3,469,659 319,833 195,956 406,784 1,498,142 1,237,668 493,357 4,751,241 1,281,582 2007 2,040,264 1,588,060 (101,800) 3,520,524 335,825 819,319 918,987 1,543,081 1,279,799 518,025 9,910,042 1,389,518 Debt Serv Coverage Ratio in stabilized year (1993): 118% 957,846 aeeded for 150% Debt Service Coverage ratio. ~ ; y. . . CHX , TOWN OF VAIL Breakdown of Congress Hall Financing Options by Economic Sector LODGING ; FOOD & BEVERAGE ; RETAIL ; AUTO RENTAL TOTAL % OF ; TOTAL % OF ; TOTAL % OF ; TOTAL % OF ; TAX TOTAL ; TAX TOTAL ; TAX TUTAL ; TAX TOTAL ; FINANCING SCENARIO CHARGE REVENiIE ; CHARGE REVENUE ; CHARGE REVENUE ; CHARGE REVENUE ; ~ ~ 4% Bed Tax 12.2% 87.2% ; 8.2% 1.3% ; 8.2% 2.6% ; 4.0X 0.0% ; .8% Sales Tax 9.0% 39.7% ; 9.0q 17.2% ; 9.0% 34.1% ; 4.8% 0.3% ; 2% Resort Tax, .2% Sales Tax 10.4% 53.5% ; 10.4% 27.5% ; 8.4% 9.9% ; 6.2% 0.6% ; 1.8% Resort Tax, 4 Mills Prop Tax 10.0% ? ; 10.0% ? ; 8.2% ? ; 5.8% ? ; lq Resort Tax, .5% Sales Tax 9.7% 45.0% ; 9.7% 23.2% ; 8.7% 22.4% ; 5.5% 0.5% ; 1.3% Resort Tax, .4% Sales Tax 9.9% 47.3% ; 9.9% 24.8% ; 8.6% 18.5% ; 5.7% 0.5% ; 2% Bed Tax, 1% Resort Tax, 11.3% 68.8% ; 9.3% 15.3% ; 8.3% 6.7% ; 5.1% 0.3% ; .1X Sales Tax NOTE: Percent of total revenue does not add to 100% because operating revenue is not shown. ~ TOWN OF VAIL MARKETING OF VAIL BUSINESS LICENSE COMMITTEE PAGE 1 Town Council's Charge to the Committee 2-3 Membership Roster 4 Preliminary Schedule of Meetings 5 Agenda of September 21, 1987 Meeting TOWN OF VAIL MARKETING OF VAIL Business License Committee TOWN COUNCIL'S CHARGE TO THE COMMITTEE: Purpose No. 1: To establish a dollar level to assess Vail businesses via the business license fee for the MARKETING OF VAIL. Purpose No. 2: To establish the formula methods in which to assess Vail businesses. Purpose No. 3: To make recommendations to the Town Council on the dollar level for the MARKETING OF VAIL and the formula methods by October 6, 1987. 1 MARKETING OF VAIL Business License Committee BUSINESS CATEGORY MEMBER(S) ALTERNATE Lodging Bruce Kendall Vail Racquet Club Condo's 4690 Vail Racquet Club Drive Vail, CO 81657 476-4840 Kaiser Morcus Marriott Mark Resort 715 W. Lionshead Circle Vail, CO 81657 476-4444 Food and Beverage Pepi Langegger Mike Staughton Tyrolean Inn P.O. Box 1171 P.O. Box 3390 Vail, CO 81658 Vail, CO 81658 926-3292 476-2204 Retail Noel Belcher Stationery Traveler 953 S. Frontage Road W. Vail, CO 81657 476-4145 Tom Banner Banner Sports P.O. Drawer 1488 Vail, CO 81658 827-5782 Real Estate Chuck Crist Slifer & Co. 230 Bridge Street Slifer Building Vail, CO 81657 476-2421 2 Professional George Crowder Dan Corcoran P.O. Box 1603 953 S. Frontage Rd. Vail, CO 81658 Suite 222 Vail, CO 81657 476-3020 476-4873 Service Diana Donovan Lou Meskimen P.O. Box 601 P.O. Box 488 Vail, CO 81658 Vail, CO 81658 476-3511 476-4478 Ski Corporation Bill O'Connell Vail Associates P.O. Box 7 Vail, CO 81658 476-5601 OTHER Town Council: Hermann Staufer Lancelot Inn P.O. Box 1188 Vail, CO 81658 476-5828 VRA: Dave Kanally Vail Resort Association 241 E. Meadow Drive Vail, CO 81657 476-1000 Town Staff: Charles Wick Town of Vail 75 S. Frontage Road Vail, CO 81657 476-7000 3 'f - TOWN OF VAIL MARKETING OF VAIL Preliminary Schedule of Meeting Monday September 21 4:30-6:00 p.m. Thursday September 24 4:30-6:00 p.m. Monday September 28 4:30-6:00 p.m. Thursday October 1 4:30-6:00 p.m. Monday October 5 4:30-6:00 p.m. Tuesday October 6 Town Council Work Session All meetings will be held in the upstairs small conference room or the Town Council Chambers at the Vail Municipal Building. If Food and Beverage, Professional and Service representatives cannot make a meeting(s), the alternate should be called by the representatives to attend. Alternates should feel free to attend all meetings if they wish to. 4 TOWN OF VAIL MARKETING OF VAIL AGENDA Monday, September 21, 1987 Introduction of Committee Members Purpose: Arrive at an Appropriate Level of Funding for MARKETING OF VAIL. 4:30-5:15 Presentation of Marketing Plan by David Kanally of VRA with historical Marketing Perspective 5:00 Discussion of process on how to arrive at funding level 5:15 Establish the funding level for marketing and prepare recommendation to the Town Council 6:00 Short review of information for September 24, 1987 meeting and review of September 24, 1987 agenda 5