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Home My WebLink About1990-05-15 Support Documentation Town Council Work Session~. s VAIL TOWN COUNCIL WORK SESSION TUESDAY, MAY 15, 1990 2.00 p.m. AGENDA 1. Site Visits a. Gas Fireplaces -Plaza Lodge b. West Vail property proposed for purchase 2. Planning and Environmental Commission Report 3. Liquor Authority Interviews 4. World Wide Church of God Use of Dobson Ice Arena (1991-1995) 5. Meeting with URS (Owner's Representative) Regarding Parking Structure Project Management 6. Discussion of Fireplace Ordinance 7. 1990 1st Quarter Financial Report 8. Discussion of Proposed Contract for Purchase of West Vail Lots (Possible Executive Session) 9. Information Update 10. Other VAIL TOWN COUNCIL WORK SESSION TUESDAY, MAY 15, 1990 2:00 p.m. EXPANDED AGENDA 2:00 1. Site Visits a. Gas Fireplaces - Plaza Lodge (see item 6) b. West Uail Property Proposed for Purchase (see item 8) 2:30 2. Planning and Environmental Commission Report Mike Mollica 2:35 3. Liquor Authority Interviews Pam Brandmeyer Action Requested of Council: Interview three applicants (Mike Mathias, Mitzi Thomas and Tim Savage). Background Rationale: Like I need TWO MEMBERS real, real bad before my next meeting! The appointments will be made at the evening meeting. These appointees will replace Betty Neal and Colleen McCarthy who resigned. 3:15 4. World Wide Church of God Use of Dobson Ice Arena Ron Phillips (1991-1995) Action Requested of Council: Approve/Deny/Modify draft letter to World Wide Church of God. Background Rationale: World Wide Church of God representatives took a very hard position that they get the ice arena at no cost or they will go to Keystone. Ron feels we have no choice but to use 9 of the 30 free days granted in the lease agreement with UMRD for the Church in exchange for a 5 year commitment from them. Ron has discussed this with the VMRD Board and"they concur. Staff Recommendation: 3:30 Stan Berryman Gregg Voos Les 4lood Approve the letter. 5. Meeting with URS (Owner's Representative) Regarding Parking Structure Project Management Action Requested for Council: Discussion with URS Representatives, Greg Voos and Les Wood, on how they will be representing the Town in dealing with the architect and the contractor. Background Rationale: This came out of the expressions of anxiety from Council this week about the perception of lack of toughness on the part of URS. 4:00 Susan Scanlan Gary Murrain Kristen Pritz 6. Discussion of Fireplace Ordinance Action Requested for Council: The staff requests Council to provide direction for possible changes to the existing ordinance if appropriate. Background Rationale: There have been several requests of staff recently to incorporate changes of additional wordburning fireboxes to be equipped with gas logs. The staff has presented a number of different alternatives for consideration as an overall look at the ordinance instead of simply a change. Staff Recommendation: The staff recommendation is to change the present ordinance to allow for the installation of gas logs. The staff position is alternative 3 in the accompanying memo. 4:20 Steve Thompson Charlie Wick 4:30 Ron Phillips 7. 1990 1st Quarter Financial Report Background Rationale: This report will outline the Town's current financial position. The effects of proposed supplemental appropriations will be included in the report. 8. Discussion of Proposed Contract to Purchase West Vail Lots (Possible Executive Session) Action Requested of Council: Discuss proposed contract. Any action will be at evening meeting. Back round Rationale: Byron Brown say his clients will sell for 54,500 per lot or $218,000 total (our offer was $53,500 per lot or $214,000 total). They will carry the balance over 3 years. The possible figures are a 20% dowr. payment at closing, $43,600, plus equal payments of $67,673 over the next three years. This is at 8°~ on the unpaid balance. 4:45 Ron Phillips 4:50 9. Information Update 10. Other 5:00 11. Adjournment PLANNING AND ENVIRONMENTAL COMMISSION May 14, 1990 11:00 A site visit to Spraddle Creek. The PEC work session will be on June 4th. Spraddle Creek, an approximate 40 acre parcel located north and east of the Main Vail I-70 interchange and east of the Spraddle Creek livery. Applicant: George Gillett, Jr. 2:00 Site Visits 2:30 PEC review of a 1041 request which has been scheduled before the Eagle County Board of County Commissioners. The request is for a major extension of an existing domestic water system. A 16" pipeline from Vail to Eagle-Vail, through Dowd Junction. Applicant: Vail Valley Consolidated Water District. 3:00 Public Hearing SITE VISITS 1. Approval of minutes from April 9, 1990 and April 23, 1990 meetings. 1 2. A request for a conditional use permit to allow for a Bed and Breakfast at Lot 11B, Matterhorn Village Subdivision. Applicant: William Clem - 3. A request for a final plat for a major subdivision for SDD No. 22, a resubdivision of Lots 1-19, Block 2, Lionsridge Filing No. 3. Applicant: Pat Dauphinais, Dauphinais- Moseley Construction. - 4. A request for a final plat for a major subdivision for SDD No. 16, on a portion of Parcel A, Lion's Ridge Subdivision, Filing No. 2 (The Valley - Phase III) Applicant: Brad and Susan Tjossem 3 5. A request for a site coverage variance for an addition on Lot 31, Block 7, Vail Village 1st Filing. Applicant: H. Ross Perot TABLED 6. A request to apply High Density Multi-Family until 6/11 zoning to the Marriott Mark Resort and for a major amendment to Special Development District No. 7 (Marriott Mark) in order to add 56 timeshare units and 8 employee housing units. Applicant: Marriott Corporation. 7. Discussion and appointment of PEC members to the Zoning Code Revision Task Force. 8. Appointment of a PEC member to act as a DRB alternate. 9. Reminder of Discussion with Council on Fireplace Ordinance Amendment, Tuesday Worksession, May 14th. 2 10. Review and discussion of potential open space purchases in the West Vail area. ~,ec~,u~t, s ro va ; , ,; ~ v;,~, `` Mitzi J. Thomas ° POST OFFICE BOX 222 • VAIL. COLORADO 81858 May 10, 1990 Members of the Town Council Town of Va i 1 75 South Frontage Road Vail, Colorado 81657 Dear Council Aiembers I would like to be considered for a position on the Board of the Local Licensing Authority. My reasons for applying for this position include a desire to participate in Town government and to have a first-hand opportunity to gain a greater understanding of our community issues. I believe that I meet the qualifications to serve on this Board. I have lived in Vail, as a registered voter in Precinct 14, for over 11 years. I hold no financial interest in a Vail business with a Liquor License. Currently, I am employed by the Vail Valley Foundation as Director of Membership. I also serve as President of the Board of Directors of the Pitkin Creek Park Condominium Association. I recently accepted a part-time position as Community Counselor with Au Pair in America, a program of the American Institute of Foreign Study. I look forward to meeting with you. Please contact me if you require additional information. Thank you for your consideration. Sincerely, ~-~__ .,- Mitzi J ~'~p~0 + ~~ s TOs The Vail Town Council REs Local Liquor Licensing Authority (Vacant Position) I hereby submit an application for appointment to the town's liquor licensing authority. Backgrounds Name: Montgomezy (Mike) Mathias Addresst 5125 Kel-Gar Lane // 476-8888 Permanent Vail residents 3 years Ages 46 Sources of incomes I) military retirement pension 2) rental income from second half of duplex at 5125 Rel-Gar Lane 3) investments 4) Vail Associates during the winter months; (Marketing/Group Sales) Educations B.A. Degree, University of Colorado Boulder, Eoonomics M.A. Degree, Harvard Cambridge, Mass. Government Hobbies/interests: running (Boston Marathon, New York City Marathon); parachuting; museums; swimming; books; motorcycle. Previous experience at municipal level governments none Potential for conflict of financial interestss none Why do I seek appointment to the Liquor Licensing Authority?: It's an opportunity to serve in the coiarnunity and perform a legitimate municipal function. Yet, the amount of time involved is not excessive. Performance goals if appointed: To serve in fair, effective, and responsive manners. Mike Mathias a3-q° Brondess 281 BR Dear Town Council, a~~,o ~ ~ -Cadmus f~~cl EsEaE~, Inc. IDGE STREET • VAIL, COLORADO 81657 Please accept this letter as confirmation for my application and consideration to the vacancy on the liquor board. Being a past menber of the bard I am familiar .with board policy and procedure and .would welcome the opportunity to serve again. I'll look forward to hearing from you. 8espectfully Submitted, /!~^^ Tim Savage REAL ESTATE (303) 476-1450 • DENVER TOLL FREE 893-3101 RESERVATIONS 1-800-222-VAIL • FAX (303) 476-3188 'Ij~L-Ct,U1Kd~ S /t • ~(0 330 Q llC. May 11, 1990 Vail Tam Council Atten: Pam ?~randmeyer 75 S. montage Road ylest Veil, Co. 81657 Jean Council Meribers The following is written to request consideration for appointment to the vacant seat on the To~iJn of Vail Local Licensing Authority. As a manager of a business and resident in Vail for nearly seven years, I believe it is time to take an active part in the decision making process. Although I do not have previous e::perience on a liquor board, I have extensive comruttee experience in my previous position of twelve years. In all of my committee experiences, I was known to do my hom~aork in advance and was prepared to make decisions based on the information provided. I am not an owner or affiliated with the o~•mership of any business currently holding a liquor license. I am, ha•m_ver, interested- in participating in the Licensing Authority in an effort to P.nsure that licensing requests are handled fairly and that estahlisfvients with lic?nses respect t'~e rules of their license. Again, I appreciate your consideration of my request. I am anxious to serve the comrrninity. ~' other cora~nmity involvement at present is with the Vail 1~iountain P.escue Group. I look forwarc; to meeting the council on Tuesday, "!ay 15, 1990. Sincerely `' J trill g iti'o Phone 476- ome Phone 476-6651 TOWN OF VAIL MEMORANDUM T0: Ron Phillips Council Members FROM: Steve Thompson DATE: May 10, 1990 RE: Investment Report Enclosed is the investment report with balances as of April 30, 1990. The balance of the portfolio that can be used for operations on April 30, 1990 was $1.1 million less than on April 30, 1989. During the month of April we deposited most of our positive cash flow into the Colorado Trust so we could withdraw and reinvest the funds into instruments earning a higher rate of interest as soon as the 1990 budget is revised due to the parking structure. Our current plan is to not invest any money beyond December 31, 1990 until we know what will happen with the Berry Creek Land. Based upon our recent budget revisions our projected cash balance for operations at December 31, is negative without selling some of our long-term investments. Our current budget revisions do not include selling or financing the purchase. of the Berry Creek Land in 1990. The first quarter interest earnings excluding interest earned on the parking structure bond proceeds were 29~ of the amount budgeted for 1990. Please let me know if you have any questions. Torn of Yail. Colorado Invest~ent Report Su~~ary of Accounts and Inrest~ents For the Month Ending April 30, 1440 Money Market Accounts (see page 1) Funds for Reserve Balances Percentage Percentage Operating Funds 4~30~40 of Total Alloyed ---------------------------------------------------------- Co~~ercial Banks 3385,685 ;301,034 3681,119 3.43$ 50$ Honey Market funds 31,145,256 (1,145,256 8.12$ 100$ Colorado Inrest~ent Pools ;2,105,131 ----- ------ 12,105,131 ------------ 13.512 ------ 100$ Total ------------ ;3,091,416 ------------ - - ;1,041,290 ------------- 35,138,106 ------------ 25.66$ ------ Conercial Savings ~ Banks -------- loans --- -- Certificates of Deposit (see page --- 2) ------ - Eagle County Institutions 0.00$ Other Colorado Institutions 0.00$ National Institutions 51,187,000 ----- =1,089,000 --- ---- ;1,485,000 ------------ S841,000 ------------- 52,316,000 ------------ 11.811 ------ Total --- --- (1,187,000 --- -- 51,089,000 51,485,000 ;891,000 52,316,000 11.87E 1001 Percentage of Portfolio in Savings 6 Loans 5.44$ 2S$ U.S. Goverment Securities (see page 3) Repurchase Rgreerents Treasury Notes ~ Bills GNMR's U.S. Savings Bonds Federal Rgency Discount Notes E Bonds Total f0 0.00$ 5230,000 11,810,8]0 (1,040,610 10.19$ f166,SS9 f1bb,5S9 0.83$ (19,818 (19,818 0.10$ 34,b1S,S11 fS,bbS,390 f10,180,917 S1.3S$ 1S2 100$ 100$ 100$ 100$ Total Portfolio Maturing Mithin 11 Months Maturing Mithin 14 Months Maturing After 14 Months Breakdown of Reserve Funds G.O. Bond Reserve Parking Structure bond Proceeds Booth Creek Mitigation Proceeds Chuck Anderson Me~orial Health Insurance Funds 5(04140 SJT INYSM004 35,031,964 31,4T6,2b0 312,508,124 62.4TY ------------------------------------ ------ (9,608,380 510,414,550 ;20,012,930 100.D02 38,195,943 f9,616,SS0 318,414,493 91.91$ 339b,000 3691,000 (1,043,000 5.4b$ 3416,431 394,000 3515,437 2.51$ ------------------------------------- ------- 34,608,360 310,414,550 310,021,430 100.00$ 32,348,804 31,611,630 3188,161 310,991 3148, 938 310,414,SS0 Honer Market Accounts as of April 30, 1490 1 --For the Month of April-- Account Institution Balances Type of Accounts High low Average 4J30(90 ------------------------- ----------------------------------------------- Money Market i Savings Accounts: First Bank of Yail -Operating Interest 1.4802 1.1102 1.4002 Balance 11,911,494 5280,684 51,232,121 1316,091 -------------------------------- -------------------------------- First Bank of Yail -Insurance Interest 1.480$ 1.1102 1.4002 Balance ----------------------------'--- :246,938 --------------------- ----- Central Bank of Oenrer Reserve Accounts Interest 5.0002 Balance (1,431 Central Bank of Denver Interest 1.3322 General Operating Account Balance t10,S8S Parking Structure Clearing Rccount Balance ---- 140,668 ----------- Total Money Market 6 Savings Accounts ---- ;66J,719 ----------- Local 6overn~ent Inrest~ent Pool: Colorado Trust (Invest~ent Pool} Interest 1.iS0$ Balance ---- 52,145,131 ----------- Money Market Mutual Funds: Federated Securities Corp. U. S. Treasury Trust Reserve Account Interest 1.8262 Balance 1109,200 Fidelity Inrest~ent Goverment Money Market Accounts Interest 1.8502 Bond Issue Reserve Account =t Balance f94S,161 Booth Creek I~p Funds Balance :188,181 Parking Structure Const fund Account :502,102 Balance --------------- Total Money Market Mutual Fund 51,145,256 --------------- Total all accounts :5,138,106 --------------- =;Account Subject to Arbitrage Rebate S(09f 90 SJ1 IMYMM004 Page 1 i ~ t v Certificates of Deposit as of April 30, 1940 Bank Maae, Location Days to Rates Purchase Maturity Maturity Maturity Ins Coupon Yield Date Date at Purchase Yalue First Raerican Bank, Boston Mass FDIC 10.2901 10.2402 12-Mov-81 12-Mov-90 109b 599,000 Standard Pacific Savings and loan, Merport California Reserved Funds FSLIC 9.8151 9.6101 26-May-89 28-May-91 732 194,000 Century Bank and Trust, Soaerville Massachusetts Reserved Funds FDIC 4.4501 9.4501 26-May-89 26-Mov-90 549 f94,000 Century Bank of Suffolk, Suffolk Massachusetts Reserved funds FDIC 9.4501 9.4501 30-May-89 24-Nov-90 548 =94,000 Security Savings and loan, Chicago Illinois FSIIC 8.1501 8.2501 18-Apr-90 14-Oct-90 184 (94,000 Midstate Savings and loan Rssociaton, Balticore Maryland FSIIC 10.3501 10.1001 21-Apr-89 18-Oct-90 545 599,000 First Savings and loan, Beverly Hills California Reserved Funds FSLIC 10.315E 10.1251 10-Apr-89 03-Jun-91 184 599,000 Sterling Savings and loan, Irvine California Re served Funds FSIIC 10.500E 10.2501 10-Apr-89 02-Dec-91 966 594,000 Bay Loan 6 Invest aent Bank, East 6reenrich, RI, Reserved Funds FDIC 9.300$ 9.0501 11-Ju1-89 02-Dec-41 814 549,000 Ho~estead Savings Association, Middletorn, PA, Reserved funds FSLIC 9.1001 8.4001 21-Ju1-89 02-Dec-91 864 594,000 Security Pacific State Bank, Irvine, CA FDIC 9.1501 8.9001 11-Ju1-89 11-Ju1-90 365 549,000 East Bank, Mew York, NY FDIC 9.0001 8.90Di 11-Ju1-89 11-Ju1-41 130 549,000 Brentrood Square Savings and loan, los Angeles California Reserved Funds FSLIC 10.150$ 9.9001 09-May-89 O8-May-91 129 599,000 First Chesire Bank, Keene New Haapshire FDIC 10.1001 9.850$ 15-May-89 14-May-90 364 549,000 Trustcorp Bank, Toledo Ohio FDIC 9.1501 9.8901 12-May-89 14-May-90 3b1 599,000 St. Ed~on d's Sav ings and loan Rssociation, Philadelphia Pennsylvania FSIIC 10.2501 10.0001 OS-May-89 05-Nov-90 549 599,000 Monadnock Bank, Jaffrey Ner Haapshire FDIC 10.0001 9.150; 12-May-89 14-May-90 361 599,000 Fidelity Federal Savings Bank, Richaond Virginia FSIIC 10.0001 10.000E 05-May-89 01-May-9D 367 599,000 Kislak Na tional Bank, North Mimi Florida FDIC 9.1001 9.100$ 1S-May-69 2S-May-90 3bS (94,000 Mestside Savings and loan Rssociation, CA FSIIC 8.4501 6.4501 13-Mar-40 30-Nov-90 2b2 599,000 Page 2 Continued ' r Certificates of Deposit - as of April 30, 1440 Bank Nape, location Days to Rates Purchase Maturity Maturity Maturity Ins Coupon Yield Date Date at Purchase Yalue Republic National Bank, Phoenix Arizona Reserved funds FDIC 9.7501 9.500; 30-May-89 29-Nov-90 548 (99,000 lyndonville Savings Bank 6 Trust, lyndonrille, YT, Reserved Funds FDIC 9.250; 9.050E 26-Ju1-89 Ol-Jun-42 1041 599,000 Coast Bank, Long Beach, CA FDIC 9.2SOE 9.000; 10-Ju1-89 10-Ju1-40 365 144,000 Charter Bank for Sayings, Santa Fe, NM FSLIC 9.250$ 4.000$ 10-Ju1-69 13-Ju1-90 3d8 599,000 Avg Yield 9.416E (2,316,000 Days to Maturity 249 --=-------=- INVC0004 SJ09J90 SJT Page 2 ' 6overnaent Securities - ~ as of April 30, 1440 ~° • tt:ireasury Notes 6 Billstt: T Years to Interest Rate Purchase Maturity Maturity Years to Book Par Type Fund Coupon Yield Oate Date at Purchase Maturity Yalue Yalue Bond Pooled Cash 8.815E 1.410$ 11-Mar-Bb 15-Feb-9b 9.94 5.80 (230,000 (230,000 Bond Parking 8.815$ 9.061E 02-Dec-66 30-Nov-90 1.94 O.S4 (250,000 (250,000 Bond Debt Service 9.315! 9.b30$ 28-Feb-89 18-Feb-91 2.00 0.83 (200,000 (200,000 Bond Debt Service 8.250$ 8.259$ 31-Rug-84 31-Rug-91 2.00 1.34 (400,000 f400,00D Bill Parking 8.167$ OS-Feb-90 09-Aug-90 O.SO 0.28 - f960,B10 ------------- 11,000,000 ------------ Average Maturity Yea rs 1.11 (2,040,810 f2, 080,000 Average Yield 8.3bE - =----=------- ------=----= :::Repurchase Agree~ents~== Purchase Maturity Par Institution --- - Yield -- Date ----- Date --------- ------------- --------- Yalue ------------- ------------------- -- Morgan Stanley x ----- 1.650$ --------- 1st Deposit Due June 1, 1990 + Sinking fund lnrestaent to Retire 0.0. Bonds i=t6MMR'S=== Years to Esti~ated Interest Rate Purchase Maturity Maturity Years to Principal Pocl Coupon -- -- Yield --------- Date ---- ------ Date ----------- at Purchase ----------- Maturity ----------- Outstanding ------------- ------ 5803 ------ - 8.000$ 8.480$ - 14-Nov-Bb 15-Oct-05 19.10 1b.00 (41,440 13003 8.000$ 9.500$ 24-Ott-Bb 15-Oct-Ob 10.10 11.00 (54,158 14659 8.000$ 9.200$ 24-Oct-Bb 1S-Jan-01 21.20 18.00 Sb9,3b1 pvy Yield 9.115! si:U.S. Savings Bonds:tt f1bb,SS4 Years to Issue Maturity Maturity Years to Book Maturity Series Yield Date Date at Purchase Maturity Yalue Yalue ------ --------------------------------------------------------------------------------- EE 7.110$ Ol-Oct-86 Ol-Oct-9b 10.00 6.43 (19,618 (30,000 -------------------------- =j=Federal Rgency Discount Hotes 6 Bondstrx Agency Fund FHl6 Parking FNLB Parking FHlB Parking FHl6 Parking FNLB Parking FMMR Pooled Cash FNLB Pooled Cash FFC Pooled Cash FHl6 Parking FNNR barking FNMR Parking FNNR Pooled Cash FNHR Pooled Cash FNNR Pooled Cash FHl6 Pooled Cash FHNC Pooled Cash FHNC Parking Interest Rate Purchase Maturity Coupon Yield Date Date 9.400E 9.400E 25-May-89 2S-May-90 8.000$ B.OOD$ 25-Jan-90 25-Jan-91 8.205$ 09-Feb-40 O1-Rug-90 8.300$ 8.060$ U-Feb-90 2S-Sep-90 6.125$ 8.130$ 1S-Feb-90 15-Oct-40 8.265$ 23-Feb-90 2b-Oct-40 8.400E 8.110$ 15-Feb-90 26-Nov-90 8.300E 8.300$ Ol-Mar-90 04-Sep-90 8.213$ 14-Mar-90 15-Jun-90 8.292$ 30-Mar-90 Ob-Jul-90 8.504$ 8.500$ 2b-Mar-40 26-Sep-90 8.342$ 27-Mar-90 21-Aug-90 8.443$ 11-Mar-40 28-Sep-90 8.500$ 6.500$ 26-Mar-90 26-Sep-90 8.193$ 11-Rpr-90 11-Ju1-40 8.110$ 30-Jan-90 10-Nov-90 8.110$ 30-Jan-40 20-Nov-90 Days to Maturity Oays to at Purchase Maturity 365.00 25.00 3b5.00 110.00 113.00 93.00 223.00 146.00 152.00 118.00 245.00 179.00 284.00 110.00 161.00 111.00 88.00 4b.00 46.00 61.00 184.00 149.00 153.00 119.00 185.00 151.00 184.00 149.00 46.00 18.00 294.00 204.00 294.00 204.00 Book Malue S50G,000 (250,000 (962, SbS (1,000,000 (1,000,000 f 110,188 f 500,000 (1,000,000 (490,222 ;918, 222 5250,000 (483,106 (419,631 s2sD,ooD (489,453 (103,143 (234,381 Maturity Yalue (500,000 (250,000 (1,000,000 f 1,000,000 (1,000,000 f 150, 000 (500,000 f1,000,000 f 500,000 (1,000,000 (150,000 fSOC, 000 (500,000 f2so,ooo (500,000 f1S0,000 (250,000 110,180,911 (10,500,000 ------------------------ Average Yield Average Days to Maturity 8.24$ 141 Total (12,508,124 5f09J90 SJT INYTR004 Page 3 WORLDWIDE CHURCH OF GOD PASADENA, CALIFORNIA 91129 JOSEPH W.TKACH PASTOR GENERAL May 11, 1990 Mr. Ron Phillips Town of Vail 75 S. Frontage Rd. Vail, Colorado 81657 Dear Ron, I want to take a few moments to thank you for meeting with us the other morning. Your personal involvment in our interest in returning to Vail in future years is appreciated. Ron, I want to also apologize to you if my discussion at the breakfast table the other morning seemed a bit forward. I respect you as a person, and your position in the community--and surely do not want to give you the impression that I think you are an ignorant and incompetent person. I DON'T think that at all. So please accept my sincere apology if that is the impression that I left with you. On the other hand, let me explain a bit of WHY I felt the need to be a bit aggresive in my stance the other morning. I have been our local convention Coordinator for the Vail site for the past 4 years. Frankly, I don't want to leave Vail. We have (and I personally) come to sincerely appreciate the warm welcome that the town and business people have given us year to year. And, yes, there ARE some "intangible" reasons dealing with friendship, and goodwill that make us want to return--year after year--to your resort town for our Feast of Tabernacles. I{is for THAT reason that I want to be sure that YOU, and others in the Town, realize the serious consideration that the Church is giving to Keystone. The "dollars and cents" factor and the quality of meeting facility ARE being considered by the Church. I want to be sure you understand your competition well enough to make a realistic offer regarding the use of the Arena. We didn't- ask for it free--the truth of the matter is that your VRA (a very helpful staff, I may add) sees the reality of this situation--and have been pushing for this offer. I would hate to have you, the VRA, etc. call me after the church decides to go to Keystone--regretting that I didn't SAY what I should have to Vail about "countering" Keystone's offer. I understand that the civic and political considerations may limit your ability to offer the meeting facility to us at a reduced rate. But someone needs to exercise the vision and leadership in your community to deal with these complications IF you want to be considered as a resort that aggresively seeks "large-group" convention business. I, as a convention coordinator, have enough of our own, internal details to handle--without having to hassle with solving the civic complications of what a HOST CITY can offer to us--the business customer. Again, Ron--please accept my apology for any wrong impressions that I may have left with you. I have faith we will be back in Vail--and I don't want to burn ANY bridges in ensuring that we are! Sincerely yours, Dougl R Horchak Festival oordinator--VA1L TO: Vail Town Council and Planning and Environmental Commission FROM: Community Development Department DATE: May 9, 1990 RE: Fireplace Ordinance Discussion ~ackaround: The staff would like to discuss the current fireplace ordinance as a result of requests from local architects, home owners and general contractors. This issue is presented to Council now instead of at a future date as a part of PEC recommendations for an overall air quality plan because of public request. The question which is being raised is the feasibility of allowing a woodburning firebox to be constructed and equipped with a gas log in addition to the one woodburningtifireplace per residence currently allowed. At this time, gas log technology requires the same type of firebox and vent that is required for a woodburning fireplace. Current technology does not allow for the installation of a gas log set unless it is .installed in a woodburninq firebox equipped with an A vent. The current ordinance allows for the construction of one woodburning fireplace per residence, an additional woodburning unit if it is a certified "clean-burning" unit (clean woodburning stove) and an unlimited number of gas appliances. The gas appliances are an entirely self contained unit which do not require a woodburning firebox for installation and have a B vent. An additional option under the current ordinance is to allow two certified woodstoves per residence in lieu of a woodburning fireplace. The ordinance also allows for the construction of woodburning fireboxes to be equipped only with gas logs in accommodation units. This provision was allowed because of the availability of access to public accommodations by Town staff for periodic checks to insure no conversion to wood has occurred. ' Present Situation: The amendment being proposed by several local architects, contractors and homeowners would allow construction of one woodburning fireplace for burning solid fuel and unlimited fireboxes with an A vent for the installation of qas logs. It is felt that the gas logs are more aesthetically pleasing than the presently allowed qas appliances. The staff would like to present several possible alternatives which could be considered regarding this amendment to the ordinance. Alternatives• 1. Maintain the existing ordinance which permits the construction of one firebox per residence only - this could be used for wood or gas log installation only. Do not permit the construction of any additional woodburning fireboxes. 2. Eliminate the use of woodburning fireplaces in new construction. One woodburning firebox could be constructed per residence for the installation of a gas loa only and an unlimited number of additional gas appliances could be installed. 3. Allow the installation of any number of fireboxes for the installation of gas logs only - no burning of wood allowed. Unlimited gas appliances would also be allowed. 4. Prohibit the construction of any new fireboxes in any construction - allow for gas appliances only. 5. Allow for one woodburning fireplace and one gas log installation per residence. There are pros and cons to be considered in each of these situations as with any situation. Alternative os 1 *Maintains existing limitations on woodburning *Does not present enforcement problems. *Does not decrease the number of wood- burning units. *Does not meet existing public demands. alternative os Cons 2. *Reduces number of *Does not meet the woodburning units. Public demand for multiple, large *Reduction in air fireplaces or desire pollutants. for "real" fire. *Enforcement easier as *Gas cost and all units are qas. availability. *Potential to encourage people to construct gas, units as opposed to woodburning units thereby decreasing air pollution. *Allows for many gas fireplaces. *No increased degradation of air quality. 3. *Reduces number of woodburning units. *Reduction in air pollutants. *Enforcement easier as all units are gas. *No increased degradation of air quality. *Time for Enforcement. *Meets the demand for gas, but may not satisfy the desire for "real" fire. *Time for Enforcement. *Gas cost and availability. *Potential to encourage people to construct gas units as opposed to woodburning units thereby decreasing air pollution. *Allows for many gas fireplaces. Alternative os 4. *No increased degradation of air quality reduces air pollutants. *Enforcement easier as all units are qas. *Allows for unlimited gas appliances. ns *May not meet public demand as the gas appliances are currently not acceptable. *Does not address desire for more aesthetic qas log units. 5. *Satisffes current *Enforcement problem market demands. due to mix of gas and woodburning. *Gas availability question and cost. *Time for enforcement. The enforcement problems associated with several of these alternatives are two fold. First, if there is mixed use allowed, wood and gas, it will be difficult to detenaine if people have converted from gas to wood. Second, if the cost of gas should ever escalate to the unaffordable range there is a possibility that the gas logs will be removed and woodburning occur. Enforcement poses a problem because of current staffing. In most cases, the only time we would ever discover a violation would be as the result of a complaint. Recommendation: The staff has presented a range of alternatives for your consideration. At this time, staff prefers Alternative 3, which allows for unlimited gas logs and gas appliances. .This alternative could be attractive enough to owners so that woodburning becomes undesirable. Air quality would be improved as new woodburning units are not constructed. However, our concern with alternative 3 is that a means to insure that conversion to woodburning does not occur would be critical to the success of this proposal. Without this assurance, staff could not support Alternative 3. The enforcement issue is also simplified as the unit is only allowed to have gas. Other alternatives that mix woodburning and gas logs or gas appliances should be studied in more detail by staff before recommendations are made to the PEC and Council. WOODB~G CLEAN BURNING GAS APPLIANCES g~pj,ACE WOODSTOVES w/TYPE "B" VENT W/TYPE "A' VENT TERNATIVE "1 ~ .. p • * 0 _ 2 0 3 ~ 4 5 0 ~ j UNLIMITED 2 UNLIMITED ~ UNLIMITED p UNLIMITED p UNLIMITED p UNLIMITED p UNLIMITED POSSIBLE UNDER THE EXISTING URDINAI WOODBOX W/GAS I.OC TYPE •A' VEIV7' :::.::.,.:0.:::.:. 0 1 1 UNLIMITED 0 1 i I .s ~_ ORDINANCE 24 Series of 1983 AN ORDINANCE REPEALING AND REENACTING CHAPTER 28 OF THE VAIL MUNICIPAL CODE RELATING TO SOLID FUEL BURNING DEVICES; PROVIDING CERTAIN DEFINITIONS; REGULATING THE NUMBER AND CONSTRUCTION OF .SOLID FUEL BURNERS; REQUIRING NEAT EFFICIENT UNITS; PROHIBITING COAL USAGE. WHEREAS, the setting of the Town of Vail in a valley between two mountains restricts air movement through the valley; WHEREAS; the movement of air through the Gore Valley is further restricted in cold times of the year; WHEREAS, the pollutants in the air caused by solid fuel burning devices have become increasingly worse; WHEREAS, the Town Council finds that the pollution caused by solid fuel burning devices is exacerbated by the altitude, topography, climate and meteorology of the Town of Vail; and WHEREAS, the Town Council finds that these sources of air pollution may be minimized by presently-existing, practical and economical technologies. NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO, THAT: Section 1. The Vail Municipal Code is amended by the addition of a new Chapter 8.28 "Air Pollution Control" which reads as follows: 8.28.010 Purpose and Applicability These regulations are enacted for the purpose of promoting the health, safety, and general welfare of the residents and visitors in the Town of Vail. These regulations are intended to achieve the following more specific purposes: (1) To protect the air quality in the Town of Yail; (2) To reverse the trend towards increased air degradation in the Town of Vail; (3) To provide heat sources that are efficient and have a reduced .polluting effect; (4) And to generally protect the air for the purpose of the public's health, safety and welfare. The provisions of this Chapter shall apply to all areas of the Town of Vail. -2- 8.28.020 Definitions (1) Solid Fuel Burner; A fixed apparatus that burns fuel to provide heat, including, but not limited to, a masonry fireplace, prefabricated zero clearance fireplace, freestanding fireplace, Franklin Stove, or air tight stove. (2) Oregon Method 7: Shall mean tests promulgated by the State of Oregon Department of Environmental Quality in effect on the date of certification as provided herein. (3) Refuse: Means all solid wastes, garbage and rubbish, whether ' combustible or noncombustible, including rubble. (4) Clean Solid Fuel Burning Device: Any solid fuel burning device having particulate emissions of less than 0.33x10-6 gm/joule of useful heat output, averaged over at least six tests, or no more than 0.65x10'6 gm/joule of useful heat output for any single test. (5) Any word, term or phrase not hereto defined or specified shall be defined in accordance with Title 18 "Zoning" of the Vail Municipal Code or Title 8 "Health and Safety of the Vail Municipal Code. Seciton 8.28.030 Solid Fuel Burning Devices It shall be unlawful for any person to construct, install, maintain or operate any solid fuel burning device within the Town of Vail in a manner not in compliance with this section. (A) No building permit shall be issued for or including the installation of any solid fuel burning device(s) or component(s) thereof unless the number of such device or devices in each structure is less than or equal to the following: (1) Each dwelling unit may have one solid fuel burning device per dwelling unit. Reference (C) for exceptions. (2) A hotel, motel, inn or lodge may have one solid fuel burning device per lobby. Solid fuel burning devices in individual guest rooms, accomoodation units and lock-offs are hereby prohibited. (3) A restaurant or bar may have one solid fuel burning device per restaurant or restaurant/bar combined. :~ -3- (B) Gas Fireplaces: The restrictions of this Chapter shall not apply to a fireplace fueled by natural gas, propane, or any similar liquid fuel so long as said fireplace is designed and constructed so that said fireplace cannot be used or modified to burn solid fuels. Gas fireplaces shall be permitted in any unit. (C) Additional Solid Fuel 6urning_Oevices: Each dwelling unit may have two solid fuel burning devices in the following types of combinations: one fireplace and one clean woodburning stove or two clean. woodburning stoves. 1. No building permit shall be issued for installation of any clean burning solid fuel burning device in any building of the Town of Vail unless the Yail Environmental Health Officer has first certified in writing that the device has particulate emissions less than or equal to those specified above. The Environmental Health Officer will so certify any device found to have the required emissions provided tests on that brand or class of de~cice are conducted by an approved independent testing using the "Oregon Method 7" and operating procedures as determined by the Oregon Department of Environmental Quality or nn equivilant procedure, as determined by the Environmental Health Officer. Tests must be conducted as a low-medium or lower burn rate, as defined by Oregon Method 7". On or before June 1 or each year, the Environmental Health Officer will publish a list of devices known to be certified, which list shall be available for inspection at the Community Development Officer. 2. All solid fuel burning devices shall be constructed, installed, maintained and operated in such a manner that their operation will result in an increase in heating energy, i.e. that the heat supplied to the living area will be greater than that lost through air exchange during combustion. -4- ._ 8.28.040 Coal Usage Prohibited The burning of coal is hereby prohibited within the Town of Vail. 8.28.050 Refuse Burning Prohibited The burning of refuse in any solid fuel burning device is hereby prohibited within the Town of Yail. Section 2. If any part, section, subsection, sentence, clause or phrase of this ordinance is for any reason held to be invalid, such decisions shall not affect the vailidity 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, regard]ess 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. I!~TRODUCED, RERD ~14D PASSED ON FIRST P.EADING THIS ~~,G ..day of 1983, and a public i-~earir;g s!-,all be held on this ordinance on theta of 1983, at 7:30 p.m. in the Council C.. Vail rlunicipal Building, Vail, Colorado. Ordered rublished in full this ~'T..~ day of ~~_ Rodney E. Slifef, Mayor ATTEST: Pamela A. Brandneyer Town Clerk iNTROD'JCED, READ 4'4D ~,???0~'ED 0~ SECG"JD RE%+DInG %ND OrDERED PU3L?SHED _~:~>_ - --- _ ~` lam` ta. =-- `'' ------ -- • _ ~~_. ~a-C~ c '.. ~~ ~. :. c'.'.r "_Y:n C ; irk ~, r~ . _- ORDINANCE N0. 28 Series of 1987 AN EMERGENCY ORDINANCE AMENDING CHAPTER 8.28 AIR POLLUTION CONTROL OF THE MUNICIPAL CODE OF THE TOWN OF VAIL PROVIDING FOR THE INSTALLATION OF SOLID FUEL BURNERS WITH CERTAIN SPECIFIED CONTROLS IN CERTAIN TYPES OF BUILDINGS IN SPECIFIC ZONE DISTRICTS WITHIN THE TOWN OF VAIL, AND ADDING A SECTION SETTING FORTH PENALTIES FOR A VIOLATION OF THE ORDINANCE. WHEREAS,. technology has been developed to allow certain types of gas burning fireplace logs to be utilized in solid fuel burning devices; and - WHEREAS, the Town Council believes that the public health, safety and welfare will best be served by amending this Chapter to allow this new technology to be utilized in certain kinds of buildings and certain zoning designations within the Town of Vaii; and WHEREAS, the Town Council wishes to ensure that should such devices be installed, they not be utilized for the burning of solid fuels. NOW, THEREFORE, be it ordained by the Town Council of the Town of Vail, Colorado, that: 1. Section 8.28.030 Solid Fuel Burning Devices of the Municipal Code of the Town of Vail paragraph B. is hereby repealed and reenacted with amendments to read as follows: 8.28.030 Solid Fuel Burning Devices B. Gas Fireplaces The restrictions of this Chapter shall not apply to a fireplace fueled by natural gas, so long as said fireplace is designed and constructed so that said fireplace cannot be used or modified to burn solid fuels. Notwithstanding the foregoing, solid fuel burning devices may be installed in properties classified under the Town of Vail Building Codes as R-1 and which are also accommodation units pursuant to the definition of such contained in the Zoning Code, may install equipment, flues, fireboxes and other features in accordance with the applicable listings of U.L., A.G.A. or other recognized testing organizations for the sole purpose of placing within such equipment artificial logs which burn natural gas. Should such equipment be installed in accordance with this Section, it must be done pursuant to a Town of Vail building permit and in accordance with all pertinent building codes of the Town of Vail. Upon such installation, all such equipment shall be subject to a periodic inspection by reasonable notice by the c ~ • Town of Vail Environmental Health Officer. The owner of any property containing such equipment shall pay to the Town of Vail the amount of thirty dollars (~30) per year on the first day of the year following the year in which said equipment was - installed for each such solid fuel burning device, and the first day of each year thereafter during the time said equipment remains installed. The owner of any such device shall allow the Town of Vail Health Inspector access into the area where such device is located for the purposes of doing such an inspection. Such equipment shall have fixed a means to prohibit access to the firebox by casual means and unauthorized persons. There shall be a sign on the fireplace reading: 'Caution - Gas Fireplace Only". Access to the firebox shall be for maintenance and repair, testing or inspection only. The device utilized to prohibit access shall be permanently closed by means of tamper resistant screws or other suitable means. 2. Chapter 8.28.030 Air Pollution Control of the Municipal Code of the Town of Vail is hereby amended by the addition of Section 8.28.060 Penalties to read as follows: 8.28.060 Penalties It is unlawful for any person to violate any provision of this Chapter or to fail to comply with any of the requirements of this Chapter. Any person performing any act prohibited or declared to be unlawful by this Chapter or failing to perform an act required by or otherwise made mandatory by this Chapter shall be punished by a fine of not more than four hundred ninety-nine dollars 0499). Any such person shall be guilty of a separate offense for each and every day during any portion of which a violation of any provision of this Chapter is committed, continued, or permitted by such person and shall be punished accordingly. In addition to penalties provided in this Section, any condition caused or permitted to exist in violation of any provision of this Chapter shall be deemed a public nuisance, and may be by this Town similarly abated as such, and each day that such condition continues shall be regarded as a new and separate offense. 3. In order to enable development projects within the Town to install Lechnologically superior gas logs this current building season, the Town Council determines that this Ordinance is necessary for the preservation of the public property, health, welfare, peace and safety. 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 -2- _ ~ ~ r 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. 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. 6. 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 AS AN EMERGENCY ORDINANCE this 28th day of July 1987, in the Council Chambers of the Vail Municipal Building, Vail, Colorado. Ordered published in full this 28th day of July 1981. Kent R. Rose, Mayor Pro Tem ATTEST: nu,~~d .'~~C~~v~~c-lam Pamela A. Brandmeyer, Town Clerk -3- Iowa al uai 75 south frontage road veil, Colorado 81657 (303) 479-2100 To: Ron Phillips From: Steve Barwick ,,y~~ Date: May 11, 1990 Re: 1990 First Quarter Financial Report Please find attached the First Quarter Financial Report. The report shows dramatic changes in the Town's 1990 budget due to purchase of the Berry Creek 5th filing parcel, construction of the addition/remodel of the Village Par-king Structure,and project rollforwards from 1989. A total of $13,111,153 in supplemental appropriations related to these items are included in this report. The most important changes in the 1990 budget relate to the projected year-end fund balances. Due to the cash purchase of the Berry Creek 5th filing the Town's General Fund is headed for a shortfall of almost $2.2 million in 1990. The resulting year-end fund balance of approximately $200,000 is far too small to ensure continued provision of governmental services during the 1990-91 ski season. Therefore, steps should be taken prior to September 1990 to increase the General Fund balance to the recommended minimum level of $1.8 million. It should be noted that in this report, and all subsequent financial reports, the Capital Projects Fund includes all expenditures for the parking structure project. Due to this inclusion the Capital Projects Fund shows a projected decrease in fund balance of over $8.8 million in 1990. The resulting year-end fund balance of $173,144 is somewhat less than the recommended level of $300,000-$500,000 but is still quite acceptable. The twin financial shocks of the parking structure overage and the Berry Creek 5th filing purchase can be accommodated due to the Town's extremely strong financial position at the beginning of 1990. Overall, the Town's financial position will remain quite sound if steps are taken to restore the General Fund balance to it's recommended level. TOWN OF VAIL FIRST QUARTER FINANCIAL REPORT May 10, 1990 89FNDBAL TOWN OF VAIL STATEMENT C)F PROJECTED CHANGES IN FUND BALANCE 1/1/90 - 12/31/90 Revised: 5/10/laau SPECIAL CAPITAL REAL ESTATE PARKING HEAVY VAIL GENERAL PROJECTS TRANSFER ASSESSMENT E62UIPMENT MARKETING DEBT SERVICE FUND FUND * TAX FUND FLiND FUND ----- FUND ----------- FUND -------- - TOTAL ; -------------- Fund Balance ------------------- 1/1/90 ------------- 2,392,356 ----------- 8,996,729 ------------ 2,(161,419 ------------- 167,110 ------- 345,914 5,386 2,355,465 16,324,379 ; Projected 1990 Revenue 11,515,200 8,041,761 1,423,400 270,000 1,419,600 614,500 3,613,336 26,897,797 Projected 1990 Expenditures 13,690,703 16,865,346 2,447,788 437,110 1,452,529 614,500 3,606,399 39,114,375 Gain/(Loss) (2,175,503) (8,823,.,8) (1,024,388) ( 167,110) ( 32,929) 0 6,937 ; , , (12,216,578) ; 'J ----- ---------- -------------- ~- -------------~ __ _ Projected Fund _ __ _ Balance 12/31/90 ____ _ 216,853 ____ _ 173,144 __ 1,037,031- ----------0-- -_-312,985__ ----_5_386 -_-2_362_402- -; ---4_107_801--; * Includes Parking Structure Construction Fund. See details on page 5. seLBSteI tlONtB 1980 1881 1982 Jannar~ 626, 448 51!,102 615,186 [ebruar~ 624,040 594,292 681,192 tlarcA 683,000 681,464 853,648 Subtotal 1,833,488 1,805,858 2,216,626 N April 246,820 308,436 355,300 tla~ 89,180 135,114 147, 378 June 176,A44 2!5,204 247,326 Jnl~ 281,846 339,418 349,116 Augnat 268,052 332,124 348,756 Septeiber 178,090 285,918 268,598 October 137,316 225,024 223,830 No~e~ber 140,630 210,254 245,894 Decenber 590,242 820,162 131,506 tOtAL 4,039,168 4,109,312 5,140,330 1883 696,152 751,856 811,828 2,426,436 319,546 156, 588 257,744 401, 474 384,338 324,810 198,614 281,104 853,100 5, 610, 214 tONN OF PAIL SALBS tAI BSiItlA?ION Y09ISBBBt 1884 742,262 824,650 1,084,814 2,651,126 481,204 lss,2oo 262,696 406,462 402,792 384,864 206,248 310,588 906,158 6,119,538 1985 1986 1987 881,304 890,585 1,063,196 918,154 946,552 1,135,186 1,181,520 1,316,652 1,378,782 2,986,918 3,153,189 3,511,164 --------------------- - 531,668 430,811 425,961 182,912 244,981 245,518 280,828 361,621 331,581 447,815 419,501 419,201 386,985 512,513 536,904 340,102 374,060 442,402 209,282 237,50! 273,951 229,083 376,657 386,210 905,955 1,161,280 1,245,612 6,481,608 1,338,801 1,945,164 1988 1,126,496 1,205,101 1,591,105 3,923,302 550,205 110,561 329,039 559,683 515,881 422,502 291,204 318,235 1,455,948 8,654,512 8eriaed: 1/21/90 X CAange X CAange 1990 1990 frog iron 1989 ; BODGBt ACiOAL Variance 1988 Bndget 1,436,328 ; 1,508,000 1,510,681 62,681 9.lX 4.2X 1,532,394 ; 1,535,000 1,652,961 111,961 1.9X 1.iX 1,992,245 ; 1,990,000 1,935,000 ( 55,000) ( 2.9X) ( 2.8X) 4,960,961 ; 5,033,000 5,158,648 125,648 4.OX 2.5X 549,660 ; 515,000 201,615 ; 210,000 401,623 ; 410,000 656,121 ; 615,000 653,560 ; 615,000 514,181 ; 511,000 294,188 ; 300,000 423,006 ; 430,000 1,658,333 1,635,000 10,319,860 ; 10,480,000 5,158,648 125,648 RB1i Revised: 1/20/1990 TONN OF VAIL 1980 1981 1982 MONTH ACtOAL ACTUAL ACTOAL January 63,999 98,089 106,981 February 40,595 69,018 105,024 March 69,886 126,935 109,533 April 16,855 94,653 65,900 ----------------- - Subtotal 251,335 388,695 38T,438 Nay 42,738 84,324 5!,663 June 62,239 125,433 54,!88 July 49,367 186,110 104,262 August 79,859 115,!99 71,282 Septe~br 59,800 113,992 49,332 October 108,510 154,000 42,498 Nove~ber 102,623 107,768 81,698 Dece~ber 142,662 133,86T 110,911 -------------------------------- ----- TOTAL 899,133 1,409,688 956,512 1983 ACTOAL 119,972 132,220 137,820 103,526 493,538 90,599 .140,638 68,539 97,806 96,746 122,5!6 91,385 56,533 1,258,330 RBAL BSTATB TRANSFBR TAI History and Budget 1984 ACTUAL T8,053 86,289 62,693 173,321 400,356 96,006 16,467 157,598 58,937 64,671 88,132 105,109 81,890 1,129,166 1985 1986 AGTOAL ACT06L 80,733 101,374 170,052 64,906 63,831 92,55T 90,396 182,743 405,012 441,580 228,673 98,651 49,513 T9,915 88,528. 70,441 32,860 100,182 48,516 108,167 109,633 93,860 74,909 89,04T 333,139 106,695 1,370,783 1,188,538 1981 ACTOAL 131,916 44,040 38,791 95,554 310,301 120,984 T3,509 41,949 61,137 78,819 124,291 114,839 95,495 1,027,324 1988 ACT06L 96,119 109,873 68,104 179,671 453,767 99,736 101, 364 126,531 109,315 116, 557 177,360 241,888 192,947 1, 619, 411 1980 1989 ; 1990 1990 BODGBT 6CTDAL ; BODGBT ACTOAL YARIANCB 309,233 ; 98,966 161,764 62,798 140,192 ; 91,460 133,085 41,625 145,957 ; 89,002 17,995 ( 11,007) 151,069 ; 11T,440 152,100 3!,660 Tl8,451 ; 396,868 524,94! 128,OT6 220,299 ; 105,291 122,!68 ; 84,684 125,615 ; 96,253 86,34T ; 80,910 143,306 ; 83,736 241,393 ; 119,130 165,964 ; 104,466 192,731 ; 128,655 2,04!,638 ; 1,200,000 52!,944 128,076 10-May-90 Financial Report =1990 ' ?.1990 VARIANCE GENERAL FUND REVENUE BUDGET ESTIMATE OVER/(UNDER) Taxes Property 8~ Ownership Taxes 1,874,600 1,883,600 9,000 Retail Sales Tax 5,322,000 5,402,000 '? 80,000''' Ski Lift Tax 788,000 830,000 42,000 Franchise Fees 426,000 423,000 {3,000) Penalty 8~ Interest 35,000 37,000 ' 2,000. Subtotal Taxes 8,445,600 8,575,600 ,: 130,000' Construction Fees 170,000 290,000 120,000 Licenses & Permits 28,900 38,400 ' 9,500 Charges for Services 262,236 214,000 {48,236) Transportation Centers 1,201,960 1,111,000 {90,960) Intergovernmental Revenue 757,900 787,000 29,100 Fines ~ Forfeitures 189,200 194,200 5,000 Other 389,435 305,000 '' (84,435). TOTAL GF REVENUE 11,445,231 ''11.,515,200 : .. ... ~9,1'~~:~ GENERAL 1=UND EXPENDITURES 1990 BUDGET `` 1990 ESTIMATE > VARIANCE OVER/(UNDER) Town Officials 2,434,477 2,427,000 ' (7,477) Administrative Services 1,065,765 1,065,765 0 Community Development 661,142 656,000 (5,142) Police 2,204,259 2,204,259 ' -0 Fire 880,386 880,386 0' Public Works 1,758,693 1,833,000 74,307 Transit 1,453,834 1,480,000 >~ 26,166 Transportation Centers 829,862 858,000 28,138 Library 512,733 512,733 0 Contributions 8 Events 752,367 738,367 ` (14,000) Employee Benefits 115,750 103,000 '{12,750) Insurance 390,300 390,300 0' Contingency 100 0 (100) VMRD Recreation Contract 541,893 516,893 ' X25,000) Eagle Valley Child Care Study 25,000 25,000 '0 TOTAL GF EXPENDITURES ''13,626;561 `..1.3,690,703 <'~ ~4,'>I~#2: ;:::: > .:5''503 ;<>:<:>:>::<:»:: _:>:>:>::>>;:>:>:>: IJt~I?L . ' . I~OF3'!')*A~:~ ;.;;;:.;:.;:<.;>;:.:;;;::.;:.:::;.;:<; ~ ~$~ 33b <:;;>;:.;;;..........., ......... ...............:.:.:.:,~`.,.::::::::::: ::::::.::.~ ::.::::: ~ .::::::::::::: :::.~.: ~::::.: ~.~::::::::::.~.::::::::::.::::::::::::::::::: ~::.7:::::::::1..::::::...~.:...........~...F....................~................. .. 4 09-May-90 Financial Report 1'990 1990 VARIANCE CAPITAL PROJECTS FUND REVENUE BUDGET °EST{MATE OVER/(UNDER) Retail Sales Tax 5,183,000 5,258,000 75,000 County Sales Tax 173,000 185,000 12,000 Ski Lift Tax 788,000 830,000 42,000 Recreation Amenities Fees 20,000 118,000 ' '98,000 Earnings on Investments 90,000 125,000 ' 35,000 Other Income 75,200 95,700 20,500 RETT Loan Repayment 509,156 509,156 0 AT8~T Lawsuit Funds 0 182,295 `182,295 VVI Lease Revenue 0 32,500 ' 32,500. W. Gore Cr. Dr. Bridge Grant 160,000 160,000 0 Parking Construction Fund Int. 0 379,000 '379,000 Transfer from SPAF 0 167,110 167,110 TOTAL'REVENUE 6,998;356. 8,041,761 _ ~,Q43.{405,< 1990 1990 VARIANCE CAPITAL PROJECTS FUND EXP. BUDGET ESTIMATE OVER/(UNDER) Project Rollforwards from 1989 621,000 621,000 0 Handicap Access Van 36,600 36,600 0 W. Gore Creek Dr. Bridge 182,500 182,500 0 Post Office Remodel/VRA Move 35,000 35,000 0 Fire Truck Purchase 350,000 350,000 ' 0 Bus Replacement 481,000 481,000 0 Forest Serv Joint Visitor Center 15,000 15,000 ' 0 Street Maintenance & Improvements 1,345,000 1,345,000 0 New Snow Dump Site 25,000 25,000 > 0 Street Light Improvement 30,000 30,000 '>0 Misc. Bldg. Maintenance 70,000 70,000 0 Recreational Paths Maintenance 52,000 52,000 0 Parking Structures Projects 30,000 30,000 ' 0 TOV Shop Maint. & Improvements 110,000 110,000 '' 0 Library Children's Area Remodel 29,000 29,000 0 Bus Interior Refurbishment 26,000 26,000 ' 0 Municipal Bldg Remodel/Study 55,000 55,000 0 Fire Dept Furniture & Carpet 25,000 25,000 0 Bus Shelter Improvements 30,000 30,000 ' 0 W. Meadow Dr. Conceptual Design 27,000 27,000 `' 0 People Mover Study/Grant Applic. 13,000 13,000 0 Dobson Arena Flooring 15,000 15,000 0 Willow Bridge Replacement 50,000 50,000 0 Holy Cross Purchase 10,000 10,000 0 Parking Structure Construction 9,787,842 9,787,842 '0 Transfer to Debt Service 3,414,404 3,414,404 0 TOTAL'EXPENDITURES 16,865,346 16,865,346 ,!<<s>....... _ ~; ~;: 23 585. ;:'>:~`'fif43 CFO ... ::::>~>:»>:<::::>SURPL~B! SHORTFAI»1»~ ,;:::'> :;::..... 9,86~,'~90 ;i8,8 ~ .............................. 5 10-May-90 Financial Report 1990 1990 VAR#ANCE LOTTERY FUND BUDGET EST#MATE OVER/(UNDER) REVENUE 7,000 7,000 >~ 0 EXPENDITURES 7,000 7,000 '` D ;, 1990 ' 1990 VARIANCE, >REAL ESTATE TRANS TAX FUND BUDGET ESTIMATE OVER/(UNDER) REVENUE RETT Taxes 1,200,000 1,200,000 0 Golf Course LeaseNMRD 73,400 73,400 0 Earnings on Investments 100,000 150,000 50,000 TOTAL RETT REVENUE 1,373,400 1,423,400 50,000 EXPENDITURES Purchase of Open Space 340,932 340,932 D Transfer to Debt Service Fund 200,000 200,000 D Loan Repayment 509,656 509,656 '0 Project rollforwards from 1989 388,200 388,200 ' 0 Open Space Projects 1,009,000 1,009,000 -0 TOTAL RETT EXPENDITURES 2,447,788 ''>s'2,447,788 0 <:<;>::.<:.......;>:;.. ~FRRL~ISL CvH«F##TF1~L~..:<::>:»:::>::>: :::>:<:::>:~"#~, ..:.:::. S :::..:......~.......x......... ;:;:.: ::::: :>:>:>:: .:.., , ....:..;::;:::............................ 1990 1990 VARIANCE HEAVY EQUIPMENT FUND BUDGET ' ESTIMATE OVER/(UNDER) REVENUE 1,419,600 1,419,600 ' D EXPENDITURES 1,452,529 1,452,529 0 6 11-May-90 Financial Report `;1990 1990 VARiANGE SPEC. PARKING ASSESSMENT FUND BUDGET.... 'ESTIMATE OVER/(UNDER} REVENUE Parking Assessments 35,000 35,000 0 Daily Parking Revenue 235,000 230,000 (5,000) Earnings on Investments 5,000 5,000 A TOTAL SPAF REVENUE '' 275,000 ' ' 270,000 ' (5,000) EXPENDITURES Transfer to Debt Service 275,000 270,000 (5,000) Trans to Capital Projects Fund 167,110 167,110 -0 TOTAL SPAF EXPENDITURES 442,110 ' ' 43.7,110 X5,000) 1990 ~ 1990 VARIANCE .MARKETING FUND BUDGET ' ' ESTIMATE OVER/(UNDER) REVENUE Business Licenses 325,000 325,000 ''~ TOV Marketing Contribution 160,500 160,500 -0 Other Marketing Contributions 116,000 116,000 0 Miscellaneous 1,000 1,000 0 Earnings on Investments 12,000 12,000 0 TOTAL MARKETING REVENUE 614,500 614,500 D EXPENDITURES 614,500 ' 614,500 ' '0- 7 • MNTHRPT Revised: 5/10/90 TOWN OF VAIL FISCAL YEAR-TO-DATE REVENUE SUMMARY As of March 31, 1990 (Operating Funds Only) 1989 1990 1989 MAR YTD % 1990 MAR YTD % OVER FUND MAR YTD OF TOTAL --- MAR YTD ----------- OF BUDGET ----------- (UNDER) -------- ------------------------ GENERAL FUND ------------ -------- Sales Tax 2,699,868 47.3% 2,632,204 49.5% 2.1% Property Taxes 279,455 15.4% 241,433 12.9% ( 2.5%) Ski Lift Tax 307,803 40.3% 375,177 47.6% 7.3% Trans. Centers 699,052 58.3% 644,600 53.6% ( 4.7%} Charges for Services 58,767 23.5% 32,267 12.3% ( 11.2%) Other 266,278 11.2% 495.,569 25.5% ---------- 14.3% -------- ------------------------ GENERAL FUND TOTAL ------------ 4,311,223 ----------- 35.6% ----------- 4,421,250 - 38.8% 3.2% CAPITAL PROJECTS FUND Sales Tax 2,268,122 48.0% 2,555,167 49.3% 1.3% Ski Lift Tax 307,803 40.3% 375,177 47.6% 7.3% Other 61,523 4.5% 87,448 17.4% 12.9% Trans from Other Funds 0 .0% 0 .0% .0% CAPITAL PROJECTS TOTAL 2,637,448 29.2% 3,017,792 46.6% 17.4% LOTTERY TOTAL 0 .0% 2,4C12 34.3% 34.3% GRAND TOTAL 6,948,671 32.9% 7,441,444 41.6% 8.8% 8 MNTHRPT Revised: 5/10/90 TOWN OF VAIL FISCAL YEAR-TO-DATE EXPENDITURE StIMMARY As of March 31, 1990 (Operating Funds Only) 1989 1990 1989 MAR YTD % 1990 MAR YTD % OVER FtIND --- - MAR YTD ----------- OF TOTAL ----------- MAR YTD ----------- OF BUDGET ----------- (UNDER) -------- --- ------------------ GENERAL FUND Town Officials 120,270 22.2% 1,994,262 81.9% 59.7% Administrative Serv. 200,163 21.6% 253,070 23.7% 2.2% Community Development 122,695 24.1% 142,591 21.6% ( 2.5%) Police 488,995 26.1% 516,665 23.4% ( 2.7%) Fire 201,489 23.8% 212,989 24.2% .4% Public Works 405,916 25.2% 447,985 25.5% .3% Transit 484,390 35.4% 480,870 33.1% ( 2.4%) Transportation Centers 251,155 31.5% 228,774 27.6% ( 4.0%) Library 96,674 21.5% 112,750 22.0% .5% Contrib. & Events 390,459 62.6% 407,914 52.3% ( 10.3%) Employee Benefits 7,388 16.4% 16,483 14.2% ( 2.2%) Insurance 72,494 18.7% 76,322 19.6% .8% Contingency 0 .0% 0 .0% .0% Trans. to Other Funds 0 .0% 0 .0% .0% VMRD Contract 110,111 20.2% 113,877 -------- 21.0% ---------- .9% --------- ------------------------- GENERAL FUND TOTAL ----------- 2,952,199 ----------- 23.9% --- 5,004,552 36.7% 12.8% CAPITAL PROJECTS Capital Projects 17,551 .5% 854 .0% ( .5%) Transfers 68,258 2.4% U ------------ .0% -------- ( 2.4%) --------- ------------------------ CAPITAL PROJECTS TOTAL -------------- 85,809 --------- 1.4% - 854 .0% ( 1.4%) LOTTERY TOTAL 0 .0% 0 .0% .0% GRAND TOTAL 3,038,008 16.3% 5,005,406 16.4% .1% 9 SCIFLMNTL TOWN OF VAIL Supplemental Appropriations 1990 Budget GENERAL FUND ACCOUNT ITEM 01-4100-51210 01-0400-51210 01-0100-51210 01-2100-51210 01-2300-51210 01-0100-52858 01-2100-51210 01-8300-52848 01-1500-XXXXX 01-8500-XXXXX 01-8300-52831 01-8600-XXXXX 01-3310-56100 01-8300-52833 PROPOSED SUPPLEMENTAL Master Transportation Plan roll-farward Forest Serv. Case Legal Fees roll-forward Edwards Land Planning/Design roll-forward Zoning Code Rewrite roll-forward Environmental Comp. Plan roll-forward Berry Creek 5th Filing Purchase Eagle Co. Housing Needs Assessment TOV Clean-Up Day Survey Non-resident Property Owners Employee Housing Eagle County Election Info Distribution Child Care Task Force Wildland Fire Fighting Equipment Contribution to We Recycle 80,000 20,000 10,000 55,000 10,000 1,876,000 1,000 7,500 5,000 52,750 4,000 25,000 1,600 12,300 GENERAL FUND TOTAL 2,160,15.0 CAPITAL PROJECTS FUND PROPUSED ACCOUNT ITEM SUPPLEMENTAL 904 Communications Equipment roll-forward 916 VVI Interior Finishing roll-forward 905 Signage Program roll-forward 706 Muni Bldg/Post Office Plan roll-forward 917 Underground Electrical Lines roll-forward 405 Design/Eng Pulis Bridge roll-forward 705 Village Streetscape Design roll-forward 521 Arena Heat Exchanger roll-forward 406 W Gore Creek Bridge Design roll-forward 918 W Meadow Drive Survey roll-forward 912 Bus Interior Refurbishment roll-forward 519 Fire Station Ritchen Remodel roll-forward 913 Bus Wash/Fueling Facility roll-forward 919 Computer Project roll-forward Transfer to Debt Service Parking Structure Construction Decrease in Original Projects CAPITAL PROJECTS TOTAL 358,000 3,000 74,000 6,000 lo,ooo s,8ao 25,000 9,000 3,900 1,100 8,500 700 5,000 107,000 417,884 9,787,842 (410,400) 10,416,326 10 REAL ESTATE TRANSFER TAX FUND PROPOSED ACCOUNT ITEM - SUPPLEMENTAL ------------ --------------- 30-9056-XXXXX ---------------------------------------- East Vail Recreation Path roll-forward -- 90,000 30-9339-XXXXX Ford Park Construction roll-forward 30,000 30-9058=XXXXX Vail Trail Safety roll-forward 2,200 30-9060-XXXXX Ford Park Entry roll-forward 55,000 30-9064-56100 W. Vail Park Land Purchase roll-forward 85,000 30-9065-XXXXX Stevens Park Improvements roll-forward 30,000 30-9066-XXXXX Intermountain Pool Site roll-forward 41,000 30-9062-XXXXX Gore Creek Promenade roll-forward 5,000 Landscape Improvements roll-forwards 50,000 30-9330-55100 Transfer to Debt Service (599,538) 30-9330-57131 Loan Repayment 509,656 - Increase in 1990 Open Space Projects -- 9,749 ------------- ------ --------- RETT FUND ----------=---------------------------- TOTAL - 308,067 HEAVY EQUIPMENT FUND ACCOUNT ITEM PROPOSED SUPPLEMENTAL ---------------------------------------------------------------------- 40-9001-56040 Hi Lift Retrofit for Electrician`s Truck 16,000 VAIL MARKETING FUND ACCOUNT ITEM PROPOSED SUPPLEMENTAL ---------------------------------------------------------------------- 32-XXXX-XXXXX Marketing Expenditures 43,500 SPECIAL PARKING ASSESSMENT FUND ACCOUNT ITEM PROPOSED SUPPLEMENTAL ---------------------------------------------------------------------- 31-9010-55101 Transfer to Capital Projects Fund 167,110 11 1 2417 15 16 171 18 13 i4 407 2397 23' 7 2 ' to 12 21L 2603 3 2613 2447 I I 445 9 s ~ ~.. ~ ,4 2633 3 . 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