HomeMy WebLinkAbout1988-10-18 Support Documentation Town Council Work Session~~ --L_ ~.
VAIL TOWN COUNCIL
WORK SESSION
TUESDAY, OCTOBER 18, 1988
2:00 p.m.
AGENDA
1. Marketing Committee Recommendations for Marketing Funding
2. Discussion of Purchase of a Hot Air Balloon
3. Further Budget Discussion
4. Information Update
5. Other
6. Executive Session - Personnel Matters
UAIL TOWN COUNCIL
WORK SESSION
TUESDAY, OCTOBER 18, 1988
2:00 p.m.
EXPANDED AGENDA
2:00 1. Marketing Committee Recommendations for Marketing Funding
Jim Gibson
Action Requested of Council: Discuss proposed increase to
provide additional funds for the marketing. Give staff
direction for drafting possible ordinances, if necessary.
Background Rationale: The Marketing Committee held a public
meeting last Tuesday night at the Westin Hotel with 70
people present. They have considered the public input from
that meeting and now are bringing their recommendations to
the Town Council.
2:30 2. Discussion of Purchase of a Hot Air Balloon
Mike Cacioppo
Action Requested of Council: Receive and discuss Mike
Cacioppo's presentation regarding the purchase of a hot air
balloon.
2:50 3. Further Budget Discussion
Steve Barwick
Action Requested of Council: Review final figures for the
1989 budget including recent changes made by Council.
Background Rationale: Staff will present an overview of the
latest version of the 1989 budget including the exact mill
levy increase for the street improvement program, fund
balances, etc.
3:25 4. Information Update
Ron Phillips
3:30 5. Other
3:40 6. Executive Session - Personnel Matters
Background Rationale: Discussion of evaluations of Council
employees - Town Manager, Town Attorney, and Municipal Judge
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town o uai
75 south frontage road
vafl, Colorado 81657
(303) 476-7000
TO: Mayor Rose
Town Council Members
FROM: Charles Wick
DATE: October 14, 1988
RE: Marketing of Vail:
MEMORANDUM
Funding Proposal
Jim Gibson, Chairman of the Marketing Plan Committee, will be
addressing the Town Council at the October 18, 1988 work session
to propose the committee's funding recommendation to the Town
Council for the marketing of the Vail Valley.
EAGLE COUNTY 100,000
The funding recommendations are as follows:
VAIL $400,000 (TOV $175,000 Bus. Lic. new $225,000)
AVON/BEAVER CREEK 75,000
SKI COMPANIES 130,000
PROPERTY TAX 165,000 (TOV $114,000, B.C. $33,000,
AVON $18,000)
TOTAL $870,000
The funds within the Council's control are the $175,000 general
fund contribution, the Business License fee and the increase to
the mill levy. Jim will specifically be addressing the mill levy
increase necessary to raise $113,000 and the committee's rationale
for this request.
CRW/ds
MARKETING OF THE VAIL VALLEY
MILL LEVY REQUIRED TO GENERATE $165,000
1989 Assessed Valuation
x 1 Mill
Collectible
Mill Levy to Raise
$165,000 (.398 of
1 Mill or .000398 Mills)
Collectible
Residential
VAIL BEAVER CREEK METRO AVON
$294,956,850 $86,960,100 $46,994,980
294,957 86,960 46,995
(.97) 286,108 (.96) 83,482 (.97) 45,585
117,393 34,610 18,704
(.97) 113,871 (.96) 33,226 (.97) 18,143
EXAMPLE: Market Value of Home: $100,000
x .16
$ 16,000
X .000398
$ 6.37
Commercial
TOTAL
$428,911,930
428,912
415,175
170,707
165,240
EXAMPLE: Market Value: $100,000
x .29
$ 29,000
x .000398
$ 11.54
R
10-14-88