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HomeMy WebLinkAbout1988-11-15 Support Documentation Town Council Regular SessionVAIL TOWN COUNCIL REGULAR MEETING TUESDAY, NOVEMBER 15, 1988 7:30 p.m. AGENDA 1. Ten Year Anniversary Award to Charles Overend 2. Ordinance No. 31, Series of 1988, second reading, an annual appropriation ordinance: adopting a budget and financial plan and making appropriations to pay the costs, expenses, and liabilities of the Town of Vail, Colorado, for its fiscal year January 1, 1989 through December 31, 1989, and providing for the levy assessment and collection of Town ad valorem property taxes due for the 1988 tax year and payable in the 1989 fiscal year. 3. Consent Agenda A. Ordinance No. 32, Series of 1988, second reading, an ordinance amending Chapter 18.04, Section 18.29.010, and Section 18.29.030 of the Municipal Code of the Town of Vail to allow micro-breweries as a conditional use in the arterial business zone district. B. Ordinance No. 33, Series of 1988, second reading, an ordinance amending Section 3.40.150(5); 3.40.130(1); 3.40.130(2); 3.40.170(2); 3.40.120; 3.40.120(6) of the Sales Tax Chapter of the Town of Vail Municipal Code; and setting forth details in regard thereto. C. Ordinance No. 34, Series of 1988, second reading, an ordinance adopting the amended investment policy for the Town of Vail. D. Resolution No. 42, Series of 1988, a resolution in support of U.S. West's proposal for local telephone calling areas in rural Colorado. E. Resolution No. 43, Series of 1988, a resolution to endorse the Mission Statement of the Eagle County Television Translator Committee. CITIZEN PARTICIPATION 4. Executive Session - Personnel Matters 5. Adjournment VAIL TOWN COUNCIL REGULAR MEETING TUESDAY, NOVEMBER 15, 1988 7:30 p.m. EXPANDED AGENDA 7:30 1. Ten Year Anniversary Award to Charles Overend 7:35 2. Ordinance No. 31, Series of 1988, second reading, regarding Steve Barwick setting the 1989 Town of Vail budget Action Requested of Council: Approve/deny Ordinance No. 31, Series of 1988, on second reading. Background Ratio-Hale: Ordinance No. 31 adopts the 1989 budget and financial plan and makes appropriations to pay the costs, expenses, and liabilities of the Town of Vail for its fiscal year January 1, 1989 through December 31, 1989. The ordinance also provides for the levy assessment and collection of Town ad valorem property taxes due for the 1988 tax year and payable in the 1989 fiscal year. Staff Recommendation: Approve Ordinance No. 31, Series of 1988, on second reading. 7:55 3. Consent Agenda Kristan Pritz A. Ordinance No. 32, Series of 1988, second reading, amending the Arterial Business Zone District to allow micro-breweries as a conditional use (Applicant: Vail Ventures, Ltd. and Glen Lyon Office Building, Inc., a Colorado partnership) Action Requested of Council: Approve/deny Ordinance No. 32, Series of 1988, on second reading. Background Rationale: On October 24, 1988 the PEC voted to recommend approval of the request. A micro-brewery is a mixed use commercial operation that produces beer and ale. The maximum brewing capacity is 7,500 barrels per year. Floor area for the brewery is limited to 8,000 square feet. The use must also include an on-site public restaurant and/or bar having a minimum seating area of 2,000 square feet. The Environmental Impact Report submitted by the applicant finds that there are no signif icant adverse environmental impacts due to the use. Staff Recommendation: Approve Ordinance No. 32, Series of 1988, on second reading. Dani Hild B. Ordinance No. 33, Series of 1988, second reading, amending sales tax ordinance to reflect sales tax policies Action Requested of Council: Approve/deny Ordinance No. 33, Series of 1988, on second reading. Background Rationale: On October 4, 1988, the Council decided to accept sales tax returns postmarked on the 20th as timely filing. Staff Recommendation: Approve Ordinance No. 33, Series of 1988, on second reading. Steve Thompson C. Ordinance No. 34, Series of 1988, second reading, regarding proposed Investment Policy Action Requested of Council: Approve/deny Ordinance No. 34, Series of 1988, on second reading. S Background Rationale: On September 13, 1988 Finance presented to the Council recommended changes to the present investment policy. Enclosed in your packet is the final draft of the policy. Staff Recommendation: Approve Ordinance No. 34, Series of 1988, on second reading. Charlie Wick D. Resolution No. 42, Series of 1988, supporting local telephone calling areas Action Requested of Council: Approve/deny Resolution No. 42, Series of 1988. Background Rationale: The PUC is seeking input concerning U.S. West's proposed local telephone calling areas for rural Colorado. Staff Recommendation: Approve Resolution No. 42, Series of 1988. Mike Cacioppo E. Resolution No. 43, Series of 1988, approving a TU Translator Mission Statement Action Requested of Council: Approve/deny Resolution No. 43, Series of 1988. Background Rationale: The Eagle County Television Translator Committee has developed a Mission Statement, and Mike Cacioppo feels it deserves to be endorsed by the Council by resolution. Staff Recommendation: Approve Resolution No. 43, Series of 1988. 8:10 CITIZEN PARTICIPATION 4. Executive Session - Personnel Matters Background Rationale: Discussion of evaluations of Council employees - Town Manager, Town Attorney, and Municipal Judge 9:45 5. Adjournment -2- ORDINANCE N0. 31 Series of 1988 ANNUAL APPROPRIATION ORDINANCE: ADOPTING A BUDGET AND FINANCIAL PLAN AND MAKING APPROPRIATIONS TO PAY THE COSTS, EXPENSES, AND LIABILITIES OF THE TOWN OF VAIL, COLORADO, FOR ITS FISCAL YEAR JANUARY 1, 1989 THROUGH DECEMBER 31, 1989, AND PROVIDING FOR THE LEVY ASSESSMENT AND COLLECTION OF TOWN AD VALOREM PROPERTY TAXES DUE FOR THE 1988 TAX YEAR AND PAYABLE IN THE 1989 FISCAL YEAR. WHEREAS, in accordance with Article IX of the Charter of the Town of Vail, Colorado, the Town Manager prepared and submitted to the Town Council a proposed long-range capital program for the Town and a proposed budget and financial plan for all Town funds and activities for the 1989 fiscal year; and WHEREAS, notice of public hearing on the proposed Town budget and capital program was published on the 7th day of October, 1988, more than seven days prior to the hearing held on the 18th day of October, 1988 pursuant to Section 9.5 of the Charter; and WHEREAS, it is necessary for the Town Council to adopt a budget and financial plan for the 1989 fiscal year, to make appropriations for the amounts specified in the budget, and to provide for the levy, assessment and collection of Town ad valorem property taxes due for the 1988 year and payable in the 1989 fiscal year. NOW, THEREFORE, be it ordained by the Town Council of the Town of Vail, Colorado, that: 1. The procedures prescribed in Article IX of the Charter of the Town of Vail, Colorado, for the enactment hereof have been fulfilled. 2. Pursuant to Article IX of the Charter, the Town Council hereby makes the following annual appropriations for the Town of Vail, Colorado, for its fiscal year beginning on the first day of January, 1989, and ending on the 31st day. of December, 1989: FUND AMOUNT General Fund $11,247,998 Capital Projects Fund 5,017,695 Conservation Trust Fund 9,000 Real Estate Transfer Tax 1,439,019 Heavy Equipment Fund 1,216,340 Computer Project Fund 240,000 Debt Service Fund 3,606,847 Special Parking Assessment Fund 250,000 Health Insurance Fund 582,000 Lionshead Mall Assessment District 92,500 West Vail Assessment District 13,000 Total: $23,714,399 Less Interfund Transfers: < 5,545,847> Total Budget $18,168,552 -1- 3. The Town Council hereby adopts the full and complete Budget and Financial Plan for the 1989 fiscal year for the Town of Vail, Colorado, which are incorporated by reference herein and made part hereof, and copies of said public records shall be made available to the public in the Municipal Building of the Town. 4. For the purpose of defraying part of the operating and capital expenses of the Town of Vail, Colorado during its 1988 fiscal year, the Town Council hereby levies a property tax of 5.941 mills upon each dollar of the total assessed valuation of $294,956,850 for the 1988 tax year of all taxable property within the Town, which will result in a gross tax levy of $1,752,339 said assessment shall be duly made by the County of Eagle, State of Colorado, and directs Revised Statutes (1973 as amended) and as otherwise required by law. 5. This Ordinance shall take effect five days after publication following the final passage hereof. INTRODUCED, READ ON FIRST READING, APPROVED AND ORDERED PUBLISHED ONCE IN FULL THIS 18th day of October 1988, and a public hearing on this Ordinance shall be held at a regular meeting for the Town Council of the Town of Vail, Colorado, on the 18th day of October 1988 at 7:30 p.m. in the Council Chambers of the Vail Municipal Building, Vail, Colorado. Kent R. Rose, Mayor ATTEST: Pamela A. Brandmeyer, Town Clerk INTRODUCED, READ ON SECOND READING, APPROVED AND ORDERED PUBLISHED this day of 1987. ATTEST: Pamela A. Brandmeyer, Town Clerk Kent R. Rose, Mayor -2- ORDINANCE NO. 32 Series of 1988 AN ORDINANCE AMENDING CHAPTER 18.04, SECTION 18.29.010, AND SECTION 18.29.030 OF THE MUNICIPAL CODE OF THE TOWN OF VAIL TO ALLOW MICRO-BREWERIES AS A CONDITIONAL USE IN THE ARTERIAL BUSINESS ZONE DISTRICT. WHEREAS, Vail Ventures, Ltd. and Glen Lyon Office Building, Incorporated, a Colorado Partnership have submitted an application to amend Chapter 18.04, Definitions, and Section 18.29.010 and Section 18.29.030 of the Arterial Business Zone District in the Municipal Code of the Town of Vail; and WHEREAS, the amendment provides for a micro-brewery to be considered as a conditional use; and WHEREAS, the micro-brewery use does not have any significant environmental impacts; and WHEREAS, the micro-brewery use is considered to be a compatible limited light industrial use that provides significant on-site tourist amenities such as a restaurant/bar, museum, retail shop, and brewery tours; and WHEREAS, the micro-brewery use is compatible with business and office uses presently allowed in the Arterial Business Zone District; 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 Vail Town Council considers that it is reasonable, appropriate, and beneficial to the Town and its citizens, inhabitants, and visitors to amend Sections 18.04, 18.29.010, and 18.29.030 of the Town of Vail Municipal Code. NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO, AS FOLLOWS: Section 1. Chapter 18.04 is hereby amended by the addition of Section 18.04.253 to read as follows: 18.04.253 MICRO-BREWERY A MIXED USED COMMERCIAL OPERATION THAT PROCESSES WATER, MALT, HOPS, AND YEAST INTO BEER OR ALE BY MASHING, COOKING, AND FERMENTING THAT SHALL ALSO INCLUDE AN ON-SITE PUBLIC RESTAURANT AND/OR BAR WHICH SELLS THE BEER AND ALE PRODUCED ON SITE. THE MAXIMUM BREWING CAPACITY FOR THE MICRO- BREWERY SHALL BE 7,500 BARRELS PER YEAR. A BARREL IS EQUIVALENT TO 31 GALLONS. THE MICRO-BREWERY USE SHALL NOT EXCEED 8,000 SQUARE FEET OF FLOOR AREA, EXCLUDING ENCLOSED AREAS FOR LOADING, TRASH, AND DELIVERY. THE PUBLIC RESTAURANT AND/OR BAR SHALL HAVE A MINIMUM SEATING AREA OF 2,000 SQUARE FEET AND SHALL BE EXCLUDED.FROM THE TOTAL MICRO-BREWERY MAXIMUM SQUARE FOOTAGE LIMIT. Section 2. Section 18.29.010, Purpose of the Arterial Business District is hereby amended to read as follows: The Arterial Business District is intended to provide sites for office space, public utilities, service stations, LIMITED LIGHT INDUSTRY HAVING NO ADVERSE ENVIRONMENTAL IMPACTS THAT PROVIDES SIGNIFICANT ON-SITE TOURIST AMENITIES and limited shopping and commercial facilities serving the Town and Upper Eagle Valley residents and guests. Multiple family dwellings for use as employee housing will be appropriate under specific circumstances. Arterial Business District is intended to ensure adequate light, air, open space, and other amenities. appropriate to permitted and conditional types of buildings and uses, and to maintain a convenient (limited) shopping, business, service, and residential environment. Section 3. Section 18.29.030, Conditional Uses A is hereby amended to read as follows: A. The following conditional uses shall be permitted in the Arterial Business District, subject to the issuance of a conditional use permit in accordance with the provisions of Chapter 18.60: Public buildings, grounds and facilities Public parks and recreation facilities Any use permitted by Section 18.29.020 which is not conducted entirely within a building Service yards Public utility and public service uses, including screened outside storage Multi-family dwellings for the employees of the Upper Eagle Valley as further restricted by Section 18.27.130 of this zone district. MICRO-BREWERY 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. 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 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 PASSED ON FIRST READING THIS 1st day of November , 1988, and a public hearing shall be held on this ordinance on the 1st day of November 1988 at 7:30 p,m. in the Council Chambers of the Vail Municipal Building, Vail, Colorado. Ordered published in full this 1st day of November lggg, Kent R. Rose, Mayor ATTEST: Pamela A. Brandmeyer, Town Clerk INTRODUCED, READ AI1D APPROVED ON SECOND READING AND ORDERED PUBLISHED 1988. this day of Kent R. Rose, Mayor ATTEST: Pamela A. Brandmeyer, Town Clerk ORDINANCE N0. 33 Series of 1988 AN ORDINANCE AMENDING SECTION 3.40.150(5); 3.40.130(1); 3.40.130(2); 3.40.170(2); 3.40.120; 3.40.120(6) OF THE SALES TAX CHAPTER OF THE TOWN OF VAIL MUNICIPAL CODE; -- AND SETTING FORTH DETAILS IN REGARD THERETO. WHEREAS, the Town Council believes that it will benefit the health, safety, and welfare of the inhabitants of the Town of Vail to make certain amendments to the sales tax ordinance as hereinafter set forth. NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO: 1. Section 3.40.120(5)(b) is hereby amended to read as follows: 3.40.120(5)(b) Upon the amount paid for food or drink served or furnished in or by restaurants, cafes, lunch counters, cafeterias, hotels, drugstores, social clubs, _night clubs, cabarets, resorts, snack bars, caterers, carry out shops, and other like places of business at which prepared food or drink is regularly sold, including sales from pushcarts, motor vehicles, and other mobile facilities. Covered charges shall be included as part of the amount paid for such food or drink. THE AMOUNT PAID FOR SALES OF MEALS BY ANY OF THE EMPLOYEES OF THE ABOVE LISTED ESTABLISHMENTS, WHETHER AT FULL PRICE OR AT REDUCED PRICE, SHALL BE INCLUDED HEREIN. 2. Section 3.40.130(1) is hereby amended to read as follows: 3.40.130 Collection of Sales Tax (1) Every retailer, also in this Chapter 3.40 called "vendor",.shall, irrespective of the provisions of Section 3.40.140, be liable and responsible for the payment of an amount equal to four percent (4%) of all sales made by him of commodities or services specified in Section 3.40.120, and shall, before the 20th day of each month, make a return to the Finance Director for the preceding calendar month and remit an amount equal to said four percent (4%) on such sales to said Finance Director. FOR THE PURPOSES OF THIS PARAGRAPH, ALL SUCH RETURNS AND REMITTANCE SHALL BE CONSIDERED MADE TO THE FINANCE DIRECTOR ON OR BEFORE THE 20TH DAY OF EACH MONTH IF THEY ARE SENT VIA THE UNITED STATES MAIL AND ARE POSTMARKED ON OR BEFORE THE 20TH DAY OF EACH MONTH. IF THE 20TH DAY OF ANY MONTH FALLS ON A WEEKEND OR HOLIDAY, SAID RETURN AND REMITTANCE MAY BE POSTMARKED THE FOLLOWING BUSINESS DAY. Such returns of the taxpayer or his duly authorized agent shall be furnished by the Finance Department. The Town shall use the standard municipal sales and use tax reporting form and any subsequent revisions thereto adopted by the Executive Director of the Department of Revenue by the first full month commencing one hundred twenty (120) days after the effective date of the regulation adopting or revising such standard form. 3. Section 3.40.130(2) is hereby amended to read as follows: 3.40.130(2) If the accounting methods regularly employed by the vendor in the transaction of his business or other conditions are such that the returns of sales made on a calendar month basis shall impose unnecessary hardship, the Finance Director, upon written request of the vendor, may accept returns at such intervals as shall, in his opinion, better suit the convenience of the taxpayer, and shall not jeopardize the collection of the tax. The Finance Director may permit taxpayers whose monthly collective tax is less than ~"- ~ "••„~~~~ ~~"~~~ '~'^^~ ONE HUNDRED FIFTY DOLLARS ($150) to make returns and pay taxes at intervals not greater than three (3) months. 4. Section 3.40.170(2) is hereby amended to read as follows: 3.40.170(2) All sales made to charitable organizations in the conduct of their regular charitable functions and activities. For the purposes of this Section, the definition of "charitable" shall be as follows: 1) The organization shall have applied for, been assigned, and furnished their Federal Tax exempt institution license number and their State of Colorado exempt institution license number. 2) For the purpose of this ordinance, "religious", "religious purposes", and "quasi-governmental", "quasi-governmental purposes" shall be defined as being charitable or for charitable use only. 3) "Charitable" requires the dispensation of charity and benevolence resulting in the rendition of service to the community. 4) Sales to ministers, priests, rabbis, or other employees, staff members, faculty, and students of religious or charitable organizations for their personal use are taxable. 5. Paragraph 3.40.170(5)(b) is hereby repealed and reenacted with amendments to read as follows: 3.40.170(5)(b) For the purposes of this Section (5), the following terms shall have the following meanings: -2- 1) Prescription drug means a substance for human consumption used in the treatment of prevention of disease or other illness, the sale of which is delivered on a written order, dated and signed by a license practitioner of the healing arts, specifying the name and address of the patient for whom the medical substance is ordered, and directions, if any, be placed on the label or dispensed in the practitioner's office. Prescription drug does not include any medical substance which may be purchased by the general public without a physician's prescription. 2) Prosthetic devices means any artificial limb, part, device, or appliance for human use, which aids or replaces a bodily function; is designed, manufactured, altered or adjusted to fit a particular patient; and is prescribed by a licensed practitioner of the healing arts. Prosthetic devices include,: but are not limited to, prescribed auditory, opthalmic or ocular, cardiac, dental, therapeutic, or orthopedic devices or appliances, and oxygen with related accessories. 3) Licensed practitioner of healing arts means anyone who passed the State requirements which include testing, degree, residency or internship; who can legally prescribe drugs as defined herein. 6. Paragraph 3.40.170(5)(c) is hereby repealed. 7. Section 3.40.170(5)(a) is hereby amended to read as follows: 3.40.170(5)(a) All supplies given, sold, or consumed while an outpatient, inpatient or emergency room patient at the hospital. All drugs dispensed in accordance with a prescription; all sales of insulin in all its forms dispensed pursuant to the direction of a licensed physician, all sales of glucose usable for treatment of insulin reactions; all sales of urine and blood testing kits and materials; all sales of insulin measuring and injecting devices, including hypodermic syringes and needles; all sales of prosthetic devices, all sales of wheelchairs and hospital beds; all sales of drugs or materials when furnished by a doctor as apart of professional services provided to a patient; and all sales of corrective eyeglasses, contact lenses, or hearing aids. 8. Section 3.40.170(6) is hereby amended to read as follows: 3.40.170(6) All sales and purchases of Ee~aa=~-t-~e~~a-~~-~e~ LODGING SERVICES under the provisions of Section 3.40.020(25) to any occupant who is a permanent resident of any hotel, apartment hotel, lodging house, motor hotel, guest house, guest ranch, condominium, townhouse, trailer court, mobile home, auto camp, or trailer court or -3- park, and who enters into or has entered into a written agreement for occupancy of a room or accommodations for a period of at least-e~9-}-THIRTY (30) consecutive days during the calendar year or preceding year. 9. Section 3.40.200 of the Municipal Code of the Town of Vail is hereby amended with the addition of paragraph 10 to read as follows: If any person, firm, or corporation liable for the payment of any tax covered by this Chapter has repeatedly failed, neglected, or refused to pay the same within the time specified for such payment, and the Town has been required to issue distraint warrants to enforce the collection of any taxes due from such taxpayer, the Finance Director is hereby authorized to assess and collect the amount of such taxes due, together with all interest and penalties provided therefore by law, and also, the following additional penalties for recurring distraint warrants: A. Three (3), four (4), or five (5) consecutive distraint warrants issued: fifteen percent (15%) of the delinquent taxes, interest and penalties due or the sum of twenty-five dollars ($25), whichever is greater; B. Six (6) or more consecutive distraint warrants: thirty percent (30%) of the delinquent taxes, interest, and penalties due or the sum of fifty dollars ($50), whichever amount is greater. 10. 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. 11. 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. 12. The repeal or the repeal and reenactment of any provision of the Municipal Code of the Town of Vail as provided in this Ordinance shall not affect any right which has accrued, any duty imposed, any violation that occurred prior to the effective date hereof, any prosecution commenced, nor any other action or proceedings as commenced under or by virtue of the provision repealed or repealed and reenacted. The repeal of any provision hereby shall not revive any provision or any ordinance previously repealed or superseded unless expressly stated herein. INTRODUCED, READ AND APPROVED ON FIRST READING this 1st day of November , 1988, and a public hearing shall be held on this Ordinance on the 1st day of -4- November 1988, at 7:30 p.m. in the Council Chambers of the Vail Municipal Building, Vail, Colorado. Ordered published in full this 1st day of November 1988. Kent R. Rose, Mayor ATTEST: Pamela A. Brandmeyer, Town Clerk 1988. Kent R. Rose, Mayor ATTEST: Pamela A. Brandmeyer, Town Clerk INTRODUCED, READ AND APPROVED ON SECOND READING AND ORDERED PUBLISHED this day of -5- TOWN OF VAIL MEMORANDUM TO: Ron Phillips Charlie Wick Town Council Members FROM: Steve Thompson DATE: November 11, 1988 RE: Final Reading of the Amended Investment Policy We have made two changes to the last revision of the policy to reflect items of discussion at the November 1, 1988 Town Council meeting. The words in bold face were added to the following sentence: Section VI.1 When money is being wired from one bank to another and for some reason the transaction is not completed and in order to protect the Town's funds it is necessary to de- posit them into an account for one banking day and any consecutive days that fall on Saturday, Sunday, or a holiday. In order to take advantage of buying certificates of deposits from banking institutions who will not accept $99,000 and offer the more attractive jumbo rate, we have changed the not-to-exceed amount in sections VI.l and XII second paragraph from $99,000 to $100,000. However, we will continue to try buying certificates of deposit for $99,000 and will only purchase a certificate of deposit for $100,000 if the rate is higher than what other banks are offering and they meet the standard selection criteria. ORDINANCE N0. 34 Series of 1988 AN ORDINANCE ADOPTING THE AMENDED INVESTMENT POLICY FOR THE TOWN OF VAIL. WHEREAS, the Town Council adopted Vail Town Council Policy Statement 87-1, "Investment Policy"; and WHEREAS, the Town Council has directed that said Investment Policy be amended as set forth in Exhibit A attached hereto and made a part hereof by reference. NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO: 1. The amended Investment Policy attached hereto as Exhibit A and incorporated into this ordinance by reference is hereby adopted by the Town Council. 2. If any part, section, subsection, sentence, clause or phrase of this Ordinance is for any reason held to be invalid, such decision shall not affect the validity of the remaining portions of this Ordinance; and the Town Council hereby declares it would have passed this Ordinance, and each part, section, subsection, sentence, clause or phrase thereof, regardless of the fact that any one or more parts, sections, subsections, sentences, clauses or phrases be declared invalid. 3. The Town Council hereby finds, determines and declares that this Ordinance is necessary and proper for the health, safety and welfare of the Town of Vail and the inhabitants thereof. 4. The repeal or the repeal and reenactment of any provision of the Municipal Code of the Town of Vail as provided in this Ordinance shall not affect any right which has accrued, any duty imposed, any violation that occurred prior to the effective date hereof, any prosecution commenced, nor any other action or proceedings as commenced under or by virtue of the provision repealed or repealed and reenacted. The repeal of any provision hereby shall not revive any provision or any ordinance previously repealed or superseded unless expressly stated herein. INTRODUCED, READ AND APPROVED ON FIRST READING this 1st day of November 1988, and a public hearing shall be held on this Ordinance on the 1st day of November _ 1988, at 7:30 p.m. in the Council Chambers of the Vail Municipal Building, Vail, Colorado. Ordered published in full this 1st day of November 1988. Kent R. Rose, Mayor ATTEST: Pamela A. Brandmeyer, Town Clerk INTRODUCED, READ AND APPROUED ON SECOND READING AND ORDERED PUBLISHED this day of . 1988. Kent R. Rose, Mayor ATTEST: Pamela A. Brandmeyer, Town Clerk -2- EXHIBIT A VAIL TOWN COUNCIL COUNCIL POLICY STATEMENT 88-1 INVESTMENT POLICY SECTION I. STATEMENT OF PURPOSE The Investment Policy of the Vail Town Council for the Town of Vail represents the financial boundaries within which its cash management process will operate. Areas covered by this policy include: II. Scope of Financial Funds to be Invested III. Investment Objectives IV. Delegation of Authority for Investment Decisions V. Investment Prudence VI. Investment Instruments VII. Competitive Selection of Investment Instruments VIII. Interest Allocation Method IX. Safekeeping and Custody X. Portfolio Diversification XI. Maturity Scheduling XII. Qualified Institutions and Primary Dealers XIII. Investment Committee XIV. Reporting Requirements XV. Monitoring and Adjusting Portfolio XVI. Internal Controls Cash management goals shall be developed within the constraints of this policy statement. Goals shall include: A. Percentage of cash invested. The Town shall be earning interest on all available funds for investment. B. Percentage of Return. (Yield). A targeted range of yields should be stated as a goal. This target yield goal shall be presented in the annual operating budget. C. Total Dollar Return Goal. Combines the goals of percentage of cash available and the percentage of yield to obtain a total dollar return goal. SECTION II. SCOPE This investment policy applies to all financial funds of the Town of Vail (hereby referred to as the "Town"). These funds are /ccounted for in the Towns comprehensive Annual Financial Report and currently include the: General Fund Capital Projects Fund Construction Funds Special Revenue Funds: Real Estate Transfer Tax Parking Fee Fund Conservation Trust Fund Enterprise Funds: Internal Service - Fleet Maintenance Fund Internal Service - Health Insurance Debt Service Fund Special Assessment Funds Monies held by the Colorado State Treasurer and Eagle County Treasurer during tax collection periods shall be governed by State of Colorado and Eagle County investment policies and are not subject to the provisions of this policy. SECTION III. INVESTMENT OBJECTIVES Each investment transaction shall first seek to ensure capital losses are avoided, whether they are from default of securities or erosion of market value. The Town, as its second major objective, seeks to attain market rates of return on its investments. Market rate objectives must be consistent with constraints imposed by the primary objective of the safety of principal, internal cash flow considerations and any Town of Vail ordinance, restricting the placement of public monies. Speculative investments will not be allowed. Speculative investments are those attempting to gain market premium appreciation through short term market volatility resulting in increased risk and loss exposure. The Town will not purchase a security which cannot be held to maturity. This does not mean an investment cannot be sold prior to maturity. - 2 - SECTION IV. DELEGATION OF AUTHORITY Management responsibility for the investment program is held by the Town Manager and appointed designees. No employee may engage in an investment transaction except as provided under the terms of this policy and any procedures which may be established by the Town Manager. The Town Manager shall review and approve the monthly investment report (see section XIV). It shall be the duty of the Controller to manage the day-to-day operations of the portfolio, and place actual purchase/sell orders with institutions. In the absence of the Controller, the Administrative Services Director shall assume these duties. The authority for the investment philosophy and selection of investment managers for the Town of Vail Employee Pension Plan and the Town of Vail Police and Fire Employees Pension Plan shall be the responsibility of the Pension Plan Trustee as defined in the pension plan document. SECTION V. INVESTMENT PRUDENCE Investments shall be made with reasonable financial judgement and care, under circumstances than prevailing, which persons of prudence, discretion and intelligence exercise in the management of their own affairs, not for speculation, but for investment, considering the primary objective of safety of principal as well as the secondary objective of the obtainment of market rates of return. Investment officers acting in accordance with written procedures and exercising due prudence shall be relieved of personal responsibility for an individual security's credit risk or market price changes, provided deviations from expectation are reported in an timely fashion, and appropriate action is taken to control adverse developments. SECTION VI. INVESTMENT INSTRUMENTS The Town shall invest in the following accounts, or securities: 1. Fully collateralized or insured interest bearing checking accounts, savings accounts, and certificates of deposit at commercial banks with amount not to exceed $100,000 if the bank is not designated as a qualified institution by the Investment Committee. Collateral shall be limited to treasury bills and notes, municipal bonds, and government agency bonds and notes. Real estate mortgages are prohibited for use as collateral. - 3 - SECTION VI. INVESTMENT INSTRUMENTS (CONTINUED) A commercial bank may use any securities authorized by the Public Deposit Protection Act as collateral under the following circumstances: When money is being wired from one bank to another and for some reason the transaction is not completed and in order to protect the Town's funds it is necessary to deposit them into an account for one banking day. plus any consecutive days that fall on a Saturday, Sunday, or a holiday. 2. Certificates of deposit at savings and loan associations insured by the FSLIC with amount not to exceed $99,000. 3. Treasury bills, treasury notes, treasury bonds and Federal agencies securities which are guaranteed by the full faith and credit of the United States of America. 4. Coupon or discount notes issued by the Federal Home Loan Bank, or the FNMA. 5. Colorado Public Investment Pools. The Town may participate in a Colorado Public Investment Pool, the Colorado Local Government Liquid Asset Trust or other similar local government pools organized in conformity with Part 7 of Article 75 of Title 24, CRS, which provides specific authority for pooling of local government funds. 6. Money Market accounts which primarily invest in treasury notes, bills and bonds and governmental agency securities for which shares may be purchased for $1.00 and liquidated for $1.00. Repurchase agreements - with either qualified commercial banks or a primary securities dealer for which a properly ex- ecuted master repurchase agreement has been entered into by the Town. Repurchase agreements involving pooled collateral shall be avoided. The securities used as collateral shall be safekept in accordance with Section IX on Safekeeping and Custody. The Town will concentrate its investment efforts in, but not to be limited to, U.S. Treasury obligations, certificates of deposit and interest bearing checking accounts issued by financial institutions located in the Town, Eagle County and the State of Colorado. - 4 - SECTION VII. COMPETITIVE SELECTION OF INVESTMENT INSTRUMENTS If a specific maturity date is required for cash flow purposes, bids will be requested for instruments which meet the maturity requirement. If no specific maturity is required, a market trend (yield curve) analysis will be conducted to determine which maturities would be most advantageous. After selecting a type of instrument at least two bids should be obtained from similar institutions. Two bids are not required if treasury bills or notes are purchased at a treasury auction or for overnight repur- chase transactions. The Town may place an investment with a local institution that is not the highest bidder, provided the bid is not more than 25 basis points below the highest bidder. The rate of interest must be at least equivalent to the average rate of return available in the market place. It is the responsibility of the Controller to demonstrate compliance with this section. A local institution is defined as a bank or savings and loan association doing business inside the corporate limits of the Town of Vail and/or Eagle County. SECTION VIII. INTEREST ALLOCATION METHOD All. investments will be in the name of the Town of Vail and in most cases it will be a general policy of the Town to pool all available operating cash into a Treasury Cash Management investment portfolio. However, a specific investment purchased by a specific fund shall incur all earnings and expenses to that particular fund. Interest earnings from pooled funds shall be allocated to all participating funds in the following order: A. Payment of interest earnings shall be allocated to designated funds from its specific investments. B. Payment to the General Fund of an amount equal to the total annual bank service. charges as incurred by the general fund for all operating funds as included in the annual operating budget. C. Payment to the General Fund of a management fee equal to 5% of the annual pooled cash fund investment earnings. D. Payment to each fund of an amount based on the average monthly cash balance included in the common portfolio for the earning period. - 5 - SECTION IX. SAFEKEEPING AND CUSTODY All investment securities (which are held in book entry form) purchased by the Town shall be held in third-party safekeeping by an institution designated as primary agent. The primary agent shall issue a safekeeping receipt to the Town listing the specific instrument, rate, maturity and other information. Securities may be purchased from the primary agent's brokerage department and safekept by the same bank's trust department. SECTION X. PORTFOLIO DIVERSIFICATION The Town will diversify use of investment instruments to avoid incurring unreasonable risks inherent in overinvesting in specific instruments, individual financial institutions. Maximum Percent of Portfolio Diversification by Instrument: Money Market & Interest Bearing Checking Accounts with Commercial Banks 50% Money Market Accounts 50% U.S. Treasury Obligations (Bills, Notes & Bonds) 100% U.S. Government Agency Securities (per Section VI.4) 100% Repurchase Agreements 75% Certificate of Deposit Commercial Banks 100% Certificate of Deposit Savings & Loan Association 25% Local Government Investment Pool 100% Diversification by Financial Institution: Repurchase Agreements No more than 50% of the total investment portfolio shall be secured in Repos with any one institution. Certificates of Deposit - Commercial Banks No more than 20% of the total investment portfolio shall be secured in any one commercial bank's CDs. - 6 - SECTION X. PORTFOLIO DIVERSIFICATION (CONTINUED) No brokered certificates of deposit. If the amount of any of the above investments are in excess of the percentage allowed, it is not considered a violation of this policy if the amount is corrected within 30 days. SECTION XI. MATURITY SCHEDULING Investment maturities for operating funds shall be scheduled to coincide with projected cash flow needs, taking into account large routine expenditures (payroll, bond payments) as well as considering sizeable blocks of anticipated revenue (sales tax, property tax). The average maturity of the portfolio shall never exceed 2 years. SECTION XII. QUALIFIED INSTITUTIONS AND PRIMARY DEALERS Qualified banks - can only be commercial banks and the Town's investment with the bank may be in excess of $100,000. The Town's Finance Controller shall obtain and review the bank's quarterly consolidated report of condition ("Call" Report) - the annual audited financial statements, the monthly listing of securities pledged for collateralization, and the independent bank evaulation, quarterly, to determine that the bank meets the standard selection criteria established by the Investment Committee. Non-qualified banks - can be either commercial banks or savings and loans and the Town's investment with the bank is or will not be in excess of $100,000. The Finance Controller shall inquire with bank officials and/or review an independent bank evaulation to determine the bank meets the standard selection criteria established by the Investment Committee. The Town shall select a primary bank, the bank the Town uses to process daily deposits and checks, every two years. A formal request for proposal should be used in the selection process. Securities dealers not affiliated with a bank shall be required to be classified as reporting dealers affiliated with the New York Federal Reserve Bank, as primary dealers. - 7 - SECTION XIII. INVESTMENT COMMITTEE There is hereby created an investment committee, consisting of the Town Manager, Administrative Services Director, and the Finance Controller. Members of the committee will meet at least quarterly to determine general strategies and to monitor results. Minutes of the decisions made by the investment committee shall be kept on file in the Town Clerk's Office. The committee shall include in its review and deliberations such topics as: potential risks, authorized depositories, rate of return, maturity structure and investment transactions. SECTION XIV. REPORTING REQUIREMENTS The Finance Controller will submit a monthly investment report which discloses investments on the last day of each month. This report will be distributed to the Town Manager, Town Council Members, and the Administrative Services Director. The Finance Controller will present at least semi-annually the investment report to the Town Council. SECTION XV. MONITORING AND ADJUSTING THE PORTFOLIO The Finance Controller will routinely monitor the contents of the portfolio, the available markets and the relative values of competing instruments, and will adjust the portfolio accordingly. SECTION XVI. INTERNAL CONTROLS The Finance Controller shall establish a system of written internal controls, which shall be reviewed annually by the independent auditor. The effective date of this policy shall be the day of 19 Kent Rose, Mayor - 8 - RESOLUTION N0. 42 Series of 1988 t A RESOLUTION IN SUPPORT OF U.S. WEST'S PROPOSAL FOR LOCAL TELEPHONE CALLING AREAS IN RURAL COLORADO. WHEREAS, U.S. West has proposed to expand local telephone calling areas in rural Colorado; and WHEREAS, expanded local calling areas could eliminate long distance charges between communities located in the same area; and WHEREAS, the Denver metro area is opposing expansion of the rural local calling concept as they feel the metro communities will absorb the costs of this rural program; and WHEREAS, the Vail Town Council is supportive of the local telephone calling areas for Eagle County and the Upper Eagle Valley; and WHEREAS, the Public Utilities Commission has to approve the local telephone calling areas and needs to know the opinions of rural Colorado. NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO: The Town Council hereby sets forth its support to U.S. West's proposal for local telephone calling areas in rural Colorado. INTRODUCED, READ, APPROVED AND ADOPTED this day of 1988. Kent R. Rose,. Mayor ATTEST: Pamela A. Brandmeyer, Town Clerk RESOLUTION N0. 43 Series of 1988 A RESOLUTION TO ENDORSE THE MISSION STATEMENT OF THE EAGLE COUNTY TELEVISION TRANSLATOR COMMITTEE. WHEREAS, the Town of Vail believes that investigation of the feasibility of a television translator system for Eagle County is important; and WHEREAS, the Town of Vail has contributed funds for a portion of the cost of an engineering feasibility study for a television translator system in Eagle County; and WHEREAS, a member of the Uail Town Council serves as one of the representatives on the Eagle County Television Translator Committee. NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO: The Vail Town Council endorses the mission statement of the Eagle County Television Translator Committee which is: "To develop a business plan for the construction, operation and tax base funding of a five (5) channel Television Translator System to serve a majority of Eagle County residents and businesses." INTRODUCED, READ, APPROVED AND ADOPTED this 15th day of November, 1988. Kent R. Rose, Mayor ATTEST: Pamela A. Brandmeyer, Town Clerk A y EAGLE COU~ITI' TV TRAI\SLATOR CO~f~1ITTEE August 'L9, 1988 Mission Statement. To develop a business plan for the construction, operation and ta:: base funding of a five (5) channel Television Translator System to serve majority of Eagle County residents and businesses (T-iU/ Eaalc River/ Colorado Ri~•er Corridors). Goal Statements 1. Engineering Feasibility Study a. obtain money for study (complete) b. finalize study (December 15, 1988) .. c. interpretation of study !January 15, 1989) 2. Financial Plan/Funding Sources a. tai: based plan (February 15, 1989) (special districts through inter-governmental agreements/ neg.=ly created special authority/ count~~) b. financing alternatives such as lease purchase of capital egi.iipment (February 15, 1989) 3 . Omani zat i o;,al Str•i~c hire a. hog: will organization ~aorh? ( "larch 15. 1989 ) Ire. deter•minat.ior, of lead agency ( contact Pitl~.in and otl~~er count: ies ) ("larch .f :~ , 1989 ) c . pool ins of 1 icenses for county ~: idF s~'stem (March. l5, 1989) d. outside contracts vs.~ in house management and operation (March 15, 1989) Note: Organizational structure and recommended funding sources will be guided by Engineering Feasibility Study and Financial Plan. 4. System Construction • a. equipment specifications & bid documents (April 15, 1989) b. award construction (installation) contract (June 1, 1989) c. construction complete and system operational (September 1, 1989) CM388 TOWN MANAGER POSITION LOCAL SALARY COMPARISONS PRIVATE SBCTOR AVHRAGH AVHRAGH ANNDAL TOTAL ANNDAL ACTOAL BONDS RHTIRBNBNT AOTO NOOSING COMPENSATION BDSINBSS S ----------- IZB BDDGBT # SALARY -- - RANGB RANGE RANGH RANGE RANGE BMPLOYBBS - --------------------------------- -------------- ------------------------ ------------ ------------------------ (FTH AND PT) 0-50 2,093,700 3 65670 10000-20000 3267-3267 0-5000 9000-15000 87937-108937 51-100 3,100,000 2 65000 15000-25200 3267-3267 0-5000 -0- 83267- 98467 101-150 6,500,000 3 74500 2000-21000 3267-7467 0-5000 -0- 79767-107967 151+ 11,600,000 2 76500 16800-29200 7467-7647 5000-5000 -0- 105767-118347 TOV 300 BMP. 18,000,000 1 68000 -0- 11968 5000 12000-15000 96968- 99968 HHALTfl INS: 100X PAID BY EMPLOYER IN ALL CASES. TNO PAY FOR DEPENDENT COVBRAGB, ONB PAPS 50%, ONB PAYS 33X AND SIB ARB 100% PAID INCLDDING DHPBNDBNTS. RHTIRBNBNT: FIVB NAVH RHTIRBNBNT PLANS. SS C09BRAGE OF 7.51X OF $43500 IS MANDATORY. ADTO: FIVB ARH PROVIDED WITH ADTOS. NOOSING: TWO HAVE BOOSING FDRNISNBD AND ONB NAS $9,000 NOOSING ALLOWANCE. BNTERTAINMH NT BBPENSB: PROVIDED FOR ALL. OTNHR BHNBF ITS: ADTOMATIC COLA, 1,000,000 LIFE INS., ATHLETIC CLDB MHMBHRSNIPS, DISABILITY A DBATN BHNBFITS BQDAL TO ANNDAL SALARY FOR 10 YHARS, FOLL LADNDRY ~ DRY CLEANING SHRVICES, ANNDAL PHYSICAL BEAM, SBI PASS. w"y'.JV lr ' cid 1~~~ _~..~ h1LK i ~ t_t~rr t_,t~r~ i 1~~i .t r . " ._, T~LECOPY w /. K.a~i IJ/rectoi Propert/es CEntrBl R9Qion flh~ N~r!i ~ .839 North Bert Est, Su/te 490, Houston, TX l'~033 November 16, 1988 Mr. Mike Rose Transportation Director Town of Vail 75 S. Frontage Rd. Vail, CO 81657 Dear Mike, I had a conversation with both our Zone Manager and Area Manager regarding what they feel we could propose to you to give you a deal which the Town will find mare palatable. Our operations people are leery of proposing a minimum annual guarantee which would have us paying more than 10~ of our annual concessionable revenue as we have done this year. This is especially difficult to forecast when much of the business is weather-dependent. Our operations staff does not feel comfortable with the following proposal because of the uncertainties involved, but have reluctantly agreed to support it. We propose a three-year term commencing 1/1/89 with a concession fee of 10% against the following minimum annual guarantees: 1989 $ 35,000 1990 36,000 1991 38,000 Total $109,500 Our present ready/return spaces and operational area would remain intact. I hope this proposal meets with the Town's approval. This is subject to the further approval/disapproval of the Hertz executive management. Continued , __ ~ ?4 HEF.'TE t~i=iF.'F~~~'HTIi~f`~ Page 2 Mr. Mike Rose November 16, 1988 r' ~ _ _ Mike, T would again like to point out that the above $109,500 guarantee represents the minimum the "town can receive over the three year term. Hopefully, by having a full-time agent there, the gross will exceed the minimum and the Town's annual revenue would be 10% of a higher amount. please let me have your concur- rence sa I can get my corporate appravals in line. My phone number is (713} 987-0776; Fax number is (713) 987 3855. Yours truly, 1~~~ " William J. Keog (Dictated, not read) ~'~~/ WJK/gm cc: Y. Meacham ~ ^ ^ ounce- s m~ ion u e After 1? study' sessions and ' countless hours of discussion, Aspen's city. council approved a $26 million 1989 budget Mon- day, $1.4 million higher than first presented in September. Total forthe revised document is $26,024,879, ofwhich $6.2 mil- lion is to come from voter- approved bonds to finance the Rio Grande parking garage. Included in the budget is $510,800 to be raised by a 2.515 mill property tax levy, up 0.101 mills from the 2.404 imposed this year. One reason for the property tax hike, Finance Director Cindy Wilson told the council, "is because the state changed the ratio ofvaluation for assessment on residential property from 18% of actual value to 1696:' Total Expenditures Total expenditures for the General Fund are expected to be $7,275,311, while revenues are listed as $5,978,4'r 9, plus X2,423,600 transferred into the li~nd and $823,800 transferred out. '. Other funds that have major transfers out are: Land, revenues of $3,443,000, trans- fers out $2,086,400; Electric, revenues, $4,787,940, transfers out, $980,100; Water, revenues, $2,363,000, .transfers out, $232,100. = Of total Electric Fund revenues, $1,098,640 is to come from the Ruedi Hydropower Plant, owned by -the city and county, which will account for $64,000 of the transfers out. Funds benefitting from trans- fers in are the Asset Replace- mentFund, Golf Course, Ice Gar- den and seven separate debt ser- vice funds. Fund Balances The budget shows an increase in the Water Fund year-end balance of $105,500, while the General Fund has a fund balance decrease of $93,032 and the Electric Fund a drop of $438,582. At the end of 1989 the total year-end fund balance is expected to decrease by $131,399, which still leaves a total of over $5.5 million. During the budget discussion Monday, council member Bill Tuite pointed out that the coun- cil was able to include several capital items in the budget because it had changed its policy about reducing fund surpluses. Mayor Bill Stirling agreed, asserting that "fund balances were artificially high and the reductions are conservative." Business Fees The council, however, did not agree with his request to elimi- nate the 50% hike in business license fees, adopted earlier to accompany a 50% increase in liq- uor license fees. Saying,"Aspen is already a tough place in which to do busi- ness,"Stirling asked his peers to roll back the business license fee to 1988 levels, adding, "I see no good reason- for the increase; there is no direct business tie to the $55,000 revenue increase." Tom Isaac, who originally proposed the increase to accom- pany the proposed liquor license fee hike, replied that it would help repay the city for its contri- butions to the resort association, which do help local businesses. Gassman joined Isaac in sup- porting the license fee increase, explaining: "Businesses exploit the name Aspen and should pay to do so." Isaac's Request A request by Isaac that the council rescind its $10,000 dona- tion to the Environmental Resource Group to help fund an engineering study of ways to reduce road cut stuffing on Inde- pendence Pass was not accepted by other council members. Isaac pointed out that, with the county's recently approved use tax, it could and should fund that portion of the study ~._. r ($30,000) not. financed by the state highway department (also $30,000). Bill Tuite explained he would like to ask the county to do so, but would not jeopardize the good relationship with commis- sioners by unilaterally dropping the city contribution. Isaac also said he would like to increase the Anderson Ranch contribution from $1,500 to $5,000, but when this was not accepted by the others, agreed to a suggestion by Stirling and Bill Tuite that donations for Ander- son Ranch and Mountain Rescue each be raised $1,000. This would result in a $2,500 contribution forAnderson Ranch and $3,500 for Mountain Rescue. DESIGN REVIEW BOARD AGENDA NOVEMBER 16, 1988 3:00 P.M. SITE VISITS 2:30 p.m. 1 1. McCue Addition Lot 3, Bighorn Estates (Final) Motion-Gwathmey Second-Leary Vote 3-0 on kitchen addition & deck & trash enclosure. 2 2. Brown Roof Lot 16, Block 1, Vail Village 1st (Final) TABLED 3 3. Hong Kong Cafe - Minor Addition (Final) TABLED MEMBERS PRESENT MEMBERS ABSENT Kathy Warren Bryan Hobbs Ned Gwathmey Roy Sante Dan Leary STAFF APPROVALS: R & R Barbeque Sign - Vail 'Run Building Westwind Awning Vail Valley Medical Center New Incinerator Location . ~~ ~« -- ~, y --. ~~~. r r rear .rc~ra a^ nr r <j T ~, y ~~ , ~~ ; j ~:~utr.~~-rnnr5, -n~,~u en: `` ~rnr.n r.r.F'r ~ nN- FeouTn~ rnr rnnrt.tx rs rni.Li .,. .,~ ;.: ,;~, s~