HomeMy WebLinkAbout1990-08-21 Support Documentation Town Council Regular Session VAIL TOWN COUNCIL
REGULAR MEETING
TUESDAY, AUGUST 21, 1990
7:30 p.m.
AGENDA
1. CITIZEN PARTICIPATION
2. Cemetery Committee Presentation
3. Ordinance No. 27, Series of 1990, second reading, an ordinance amending
Chapter 18.04 of the Vail Municipal Code by the addition of Section
18.04.035 Brew Pub; and amending Section 18.28.030 of the Municipal Code to
add Brew Pub as a permitted use in the Commercial Service Center zone
district; amending Chapter 18.28.040 of the Vail Municipal Code by the
addition of Brew Pubs that sell beer wholesale and Brew Pubs which sell
fifteen percent of the manufactured beer or ale for off-site consumption as
conditional uses to the Commercial Service Center zone district; amending
Chapter 18.28 of the Vail Municipal Code to provide certain restrictions in
the operation of a Brew Pub; and setting forth details in regard thereto.
4. Ordinance No. 31, Series of 1990, first reading, an ordinance amending
Section 5.04.040 of the Municipal Code of the Town of Vail to provide that
persons who short term rent units for less than fifteen (15) days per year
shall be exempt from the payment of the business license fee under certain
circumstances; setting forth new business license fees for people who rent
less than three (3) units; and setting forth details in regard thereto.
5. Resolution No. 20, Series of 1990, a resolution supporting an election to
increase county sales tax in an amount sufficient to finance a county-wide
bus system.
6. Resolution No. 21, Series of 1990, a resolution supporting the Black Lakes
Reservoir Project proposed by the Vail Valley Consolidated Water District,
with certain conditions.
7. Action on Town of Vail/Vail Metropolitan Recreation District First Addendum
to Agreement
8. Adjournment
TOWN COUNCIL
REGULAR MEETING
TUESDAY, AUGUST 21, 1990
7:30 p.m.
EXPANDED AGENDA
7:30 1. CITIZEN PARTICIPATION
7:45 2. Cemetery Committee Presentation
Kristan Pritz
Action Reauested of Council: Decide if Donovan Park is the
site for a Town of Vail cemetery. Determine if staff should
begin preparation of an application for a conditional use
permit.
Background Rationale: A majority of the Cemetery Committee
supports Donovan Park as an appropriate site for a Town of
Vail cemetery given the site suitability analysis. One
committee member is strongly opposed to the Donovan site.
The Cemetery Committee wanted to point out to the Council
that the surrounding neighbors are very much against the
Donovan site.
Staff Recommendation: If given the go ahead by Council for
the Donovan site, staff would prepare specifics on
management, design for the cemetery to prepare for a
conditional use permit.
9:15 3. Ordinance No. 27, Series of 1990, second reading, which is a
Andy Knudtsen request to amend Sections 18.04 and 18.28 of the Vail
Municipal Code by adding a brew pub definition, making a
brew pub a use by right in the Commercial Service Center
zone district with defined operating characteristics, making
a brew pub with sales for off-site consumption a conditional
use, and making a brew pub as a wholesale outlet a
conditional use. (Applicant: Dean Liotta)
Action Reauested of Council: Approve/deny Ordinance No. 27,
Series of 1990, on second reading.
Background Rationale: The applicant's brew pub proposal
cannot currently,be located in the TOV since the code does
not identify it in any section. With the proposed ordinance
change, the code will define the use, setting limits to the
operating characteristics. The PEC unanimously recommended
approval (7-0) of the code changes, with three amendments to
the staff recommendation. The PEC increased the brewing
capacity, removed language regarding odors, and divided the
one conditional use review into two specific reviews. At
first reading, Council joined the two separated conditions
back into one.
Staff Recommendation: Approve Ordinance No. 27, Series of
1990, on second reading.
9:30 4. Ordinance No. 31, Series of 1990, first reading, an
Sally Lorton ordinance amending Section 5.04.040 of the Municipal Code of
Steve Barwick the Town of Vail to provide that persons who short term rent
Larry Eskwith units for less than fifteen (15) days per year shall be
exempt from the payment of the business license fee under
certain circumstances; setting forth new business license
fees for people who rent less than three (3) units; and
setting forth details in regard thereto.
Action Requested of Council: Approve/deny Ordinance No. 31,
Series of 1990, on first reading.
Background Rationale: This is an attempt to treat short
term rentals and bed and breakfast establishments similarly
by taxing all short term rentals unless they are rented less
than 15 days per year.
Staff Recommendation: Approve Ordinance No. 31, Series of
1990, on first reading.
9:45 5. Resolution No. 20, Series of 1990, a resolution supporting
Ron Phillips the November 6, 1990. Eagle County Bus System Vote
Steve Barwick
Stan Berryman Action Requested of Council: Receive presentation from
staff on the status of Eagle County's bus system proposal,
and take action on Resolution No. 20, Series of 1990.
Background Rationale: The Eagle County Commissioners have
requested that the Vail Town Council, along with Councils
from several other communities, make a formal statement of
support for the proposed bus systerri vote.
Staff Recommendation: Approve Resolution No. 20, Series of
1990.
10:00 6. Resolution No. 21, Series of 1990, a resolution supporting
Kristan Pritz the Black Lakes Reservoir Project ~~roposed by the Vail
Valley Consolidated Water District, with certain
conditions.
Action Requested of Council: Approve/deny Resolution No.
21, Series of 1990.
Background Rationale: The Eagle County Commissioners are
having a hearing on Monday, August 27th, on Black Lakes.
The Council prepared a resolution 'in 1988 and~wili review
the updated resolution in preparation for they presentation
at the 27th meeting.
Staff Recommendation: Approve Res~~lution No. 21, Series of
1990.
10:15 7. Action on Town of Vail/UMRD first ;addendum to agreement
Larry Eskwith
Action Requested of Council: Appr~~ve/deny addendum to
TOV/UMRD agreement.
Background Rationale: The joint T~~V/UMRD Committee
suggested that certain changes be made in the agreement.
Staff Recommendation: Approve the addendum.
10:30 8. Adjournment
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TO: Planning and Environmental Commission
FROM: Community Development Department
DATE: July 23, 1990
SUBJECT: A request to amend the Vail Municipal Code, Section
18.04 to add a definition for "brew pub" and a request
to amend the Commercial Service Center zone district,
Section 18.28, to allow a brew pub as a permitted use.
Applicant: Dean Liotta
I. DESCRIPTION OF THE REQUEST
The applicant is proposing to change the zoning code to allow
a brew pub as a use by right in the Commercial Service Center
(CSC) zone district. This zone district applies only to the
Crossroads shopping center and condominiums. The request, at
this time, is to:
define the brew pub use in the definition section
of the code; and
list the use as a permitted use in the CSC section
of the code;
list the use, with limited off site sales, as a
conditional use in the CSC section of the code; and
include a paragraph, also in the CSC section,
regarding operating characteristics.
The definition and paragraph on operating characteristics are
attached as Exhibit A at the end of this memo. Note that a
Planning and Environmental Commission (PEC) review will not
be required for this permitted use.
II. BACKGROUND RESEARCH
Staff researched the operating characteristics that
distinguish a brew pub from a restaurant or from a micro
brewery, including delivery schedules, odors, size,
production quantity, and marketing and distribution of the
beer making operation. A table is provided in Exhibit B of
the different communities surveyed. Descriptions of the
operating characteristics are listed below.
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The deliveries required for a brew pub include typical r
restaurant trips (daily for the food used in the restaurant,
weekly for the liquor used in the bar). The delivery trips
of raw materials to the brewery would be weekly, at most.
The delivery schedule for the Breckenridge brew pub, which is
similar to other brew pubs staff researched, is monthly for
grain and every three months for hops.
Another aspect of the brew pub is the odor emitted during
brewing. The applicant has stated that odors will occur
during the brewing period which will range from 75 to 100
minutes, three to five times a week. The odor emitted is not
pungent or sharp. It can be smelled up to~ 15 - 20 feet away
from the use and has been described as being similar to
baking bread.
The size of the brewery function ranges from a quarter to a
third of the total floor area in the brew pubs staff
researched. A majority of the floor area is used for
restaurant seating, the kitchen, or the ba.r. With the Town
of Vail's proposed "brew pub" ordinance, the maximum area
allowed for the brewery is twenty-five pez~cent of the floor
area.
The amount of beer produced in a brew pub differs
dramatically from micro-breweries. Typically, micro
breweries produce about 10,000 barrels peY~ year. A micro
brewery, as defined in the Vail Municipal Code can produce up
to 7,000 barrels per year. The brew pub, as proposed in this
ordinance change, will have a cap of 1,000 barrels per year.
The applicant is actually proposing to make 750 barrels per
year, which is less than the cap.
Another major difference between a brew pLib and a micro-
brewery is the marketing and distribution of the product.
Normally, micro-breweries distribute regionally and cover
several states. Because a brew pub produc;es so much less
beer than a micro brewery, the distribution typically is
limited to local bars and restaurants. Iri addition to beer
sold on tap in other bars, staff considers: beer sold at the
front counter of the restaurant for off site consumption as
"off site" sales. With the proposed definition, the combined
off site sales will be limited to 15 percent of the total
product produced each year.
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III. EVALUATION OF THIS REQUEST
A. Suitability of existing zoning.
The purpose of Commercial Service District as defined in
the Town's zoning code states:
Section 18.28.010
"The Commercial Service Center zone district is
intended to provide sites for general shopping and
commercial facilities serving the Town, together
with limited multiple-family dwelling and lodge
uses as may be appropriate without interfering with
the basic commercial functions of the district.
The Commercial Service Center zone district is
intended to ensure adequate light, air, open space,
and other amenities appropriate to permitted types
of buildings and uses and to maintain a convenient
shopping center environment for permitted
commercial uses."
Staff believes that the commercial facilities intended
for this district should include uses such as the brew
pub. Other similar permitted uses in the CSC zone
district include restaurants; bakeries and
confectioneries including preparation of products for
sale on the premises; delicatessens with food service;
taverns; and liquor stores. As stated above, staff
views the brew pub as primarily a restaurant that has a
special feature, the brewing operation. Given this
opinion, the Commercial Service Center zoning is
suitable for a brew pub.
B. Is the amendment proposal presenting a convenient,
workable relationship among land uses consistent with
municipal objectives?
Generally, restaurants in this district can be
compatible with the other uses in the zone district.
There are some characteristics about a brew pub, unlike
a restaurant, which must be regulated in order to ensure
compatibility with the surrounding uses. Staff was
concerned with regulating four features of a brew pub:
the production volume, the size, the distribution, and
the odor.
Brewing Capacity
Concerning volume, staff believes that it is
appropriate to put a cap on brew pubs, limiting the
volume of the beer produced to 1,000 barrels per
year. This is consistent with the productions of
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brew pubs across the nation and will ensure that
the use maintains an appropriate size for~this zone
district and maintains an accessary status to the
restaurant operation.
Limit To Brewing Operation ~
The second point in the definition limits the
brewing function to 25 percent of the floor area of
the total operation. This is im~~ortant to the
planning staff because it ensure; that the
restaurant function is the primary use.
.Restaurants, we believe, are appropriate in this
zone as are brew pubs, but only i.f the brewing
operation is an accessory use to restaurants.
Off Site Sales
A third issue is off-site sales. Staff believes
that it would be beneficial to allow the beer
brewed in the brew pub to be sold on tap in other
local restaurants. In addition, customers may want
to purchase the beer at the rest~~urant cashier
counter and take it home with therm. Staff believes
that these two kinds of off-site sales for off-site
consumption are reasonable.
There are two impacts associated with theioff site
sales which need to be addressed. The first is
production volume. Limiting the off-site sales to
15 percent of the annual production will allow this
kind of distribution, but will prevent a wide
distribution system with a large consumer; demand
which would make the brew pub le:~s of a restaurant
and more of a micro-brewery. The: second impact is
the loading and delivery requirements for~even a
small distribution system. Crossroads is; different
from other brew pub locations thzit staff ;researched
in that it has two large multi-to:pant buildings.
Because of the existing parking, loading „ and
delivery congestion, staff believes that any new,
frequent loading and delivery pat:terns must be able
to be accommodated without worsening the existing
congestion. ~
Staff is proposing to allow off :site sales as
conditional use. This will enab]Le the Town to map
out and analyze the delivery of t:he outgoing
product. If the delivery system cannot comply with
the Town of Vail standards in Section 18.52.130,
staff will not recommend approva:L of the request to
the PEC.
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Deliveries of raw materials
Staff understands that the deliveries of raw
materials are similar to an average restaurant and
need no special regulation.
Odor
Odor is an impact that is not likely to be
perceived as a problem. However, staff believed
that it needed to be addressed in the zoning code
to make the use compatible with surrounding
tenants. Of all the people that staff checked
with, no one had complaints about the odor. The
brew masters and restaurant people all said that it
was a pleasant smell (not surprisingly). Planners
in various communities said that it was not a
problem and that no one had complained to them.
Though generally not a problem, we do want to
ensure that this factor does not negatively impact
abutting tenant spaces. Vail's brew pub will be
unique from others staff looked at in that it is a
tenant space in a larger building and not in its
own free standing building.
For this reason, Staff recommends adding a
stipulation in the CSC section of the code that the
brewing occur before or after business hours.
Staff understands that the odor occurs only during
the brewing, which takes approximately 100 minutes.
The applicant proposes to brew three to five times
a week. Though the smell may be attractive to
people walking by or those in the pub, staff is
concerned that adjacent tenants may grow weary of a
frequent brewing odor. By limiting the hours of
brewing to before or after regular business hours,
the adjacent tenants should be protected.
Other methods of mitigation include installing a
powerful ventilation system and piping the air into
the sanitary sewer or installing air scours in the
vents to purify the air before releasing it
outside. From discussions with staff from Upper
Eagle Valley Water and Sewer District, it appears
that venting the odor into the sewer would be
feasible. However, staff believes that the expense
involved with either of these options is not
warranted given the relative mildness of the smell.
Also, the effectiveness of any ventilating system
is not guaranteed to direct the smell to the
correct location. In staff's opinion, regulating
the hours of brewing appears to be the most
effective way to make the pub compatible with other
Crossroads tenants.
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~In summary, the brew pub, as it will be defined in the w
zoning code will have a convenient, workable, compatible
relationship with the other land uses in the Commercial
Service Center district.
C. Does the amendment Dronosal Drovide for the growth of an
orderly and viable community?
Staff believes that adding a brew pub use to the
Commercial Service District will be an asset to the
community. Planners from other communities said that
the brew pubs were unique, attractive, highlyifrequented
restaurants. Therefore, the Vail Town staff believes
that it will be a use that is enjoyed by residents and
guests and will make the community more viable.
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The proposed code changes are consistent withigoals in
the Land Use Plan. Goal 3.5 calls for additional night
time business in the Village and Lionshead areas. Goal
4.1 generally applies to this proposal as it calls for
further commercial development to occur in existing
commercial areas.
IV. STAFF RECOMMENDATION
The Community Development Department recommends approval of
the applicant's request to modify the Town zoning code to
allow a brew pub as a permitted use in the CSC zone district.
We believe that the brew pub,. as defined in Exhibit A, is an
appropriate use. It should be operated under a by~right
status without conditional use review, since the impacts have
been studied and are minimal or have been addressed in the
proposed revisions to the zoning code. Adding this use to
the Town's code will allow a unique operation in the Town of
Vail and will make the Commercial Service Districtjmore
viable. j
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E88IBIT A
BREW PUB DEFINITION
To Become Section 18.04.035:
A brew pub means an eating place which includes the brewing of
beer as an accessory use. The brewing operation processes water,
malt, hops and yeast into beer or ale by mashing, cooking and
fermenting. The area used for brewing, including bottling and
kegging, shall not exceed 25 percent of the total floor area of
the commercial space. The brewery shall not produce more than
1,000 barrels per year. A barrel is equivalent to 31 gallons.
ADDITIONAL REGULATIONS FOR BREW PUBS
TO BE LOCATED IN THE
COMMERCIAL SERVICE CENTER SECTION
OF THE ZONING CODE
To Become Section 18.28.030, Permitted Uses, (G):
The brew pub operation shall be conducted under the following
parameters:
1-- There shall be no exterior storage of any supplies,
refuse, or materials;
2-- The operator shall comply with the Town of Vail's
loading and delivery regulations as specified in Section
18.52.130, Town of Vail, Municipal Code.
3-- The operator shall not brew beer during normal business
hours-- specifically, not between the hours of 10 AM to
8 PM, seven days a week.
To Become Section 18.28.040, Conditional Uses, (L):
A Brew pub having off-site sales or sales for off-site
consumption not to exceed 15$ of the product.
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TO: Town Council
FROM: Community Development Department
DATE: August 7, 1990
RE: A request to amend Sections 18.04 and 18.28 of the Vail
Municipal Code by adding a brew pub definition, making
a brew pub a use by right in the Commercial Service
Center zone district with defined operating
characteristics, making a brew pub with sales for off-
site consumption a conditional use, and making a brew
pub as a wholesale outlet a conditional use.
Applicant: Dean Liotta
I. BACKGROUND
The applicant would like to open a brew pub in the former
Burger King location in Crossroads. In order to do this, he
is proposing to amend the Zoning Code to allow brew pubs as
a use by right in the Commercial Service Center Zone
District. The attached PEC memo describes the applicant's
request in detail, evaluates it in light of the criteria,
and provides an overview of the research that staff has done
on brew pubs.
II. PEC ANALYSIS
During the PEC review of the proposed ordinance change, the
Commission made three amendments to the staff memo. The
Commission stated that a brew pub would be a compatible use
in this zone even if it had a larger production capacity
than the 1000 barrels/year cap the staff proposed. The
Commission recommended that the cap be increased to 1500
barrels/year.
A second amendment to the staff recommendation was to delete
any regulation pertaining to odor. Staff described two
options and recommended limiting the hours of brewing so
that the surrounding businesses would not be affected. The
Commission believed that the odor was not likely to be a
severe problem and that using an "hours of operation"
approach would not protect all the users of Crossroads
anyway. After deciding to delete the proposed language, the
commission did state that they wanted the Town to be able to
regulate odors if, once the brew pub was up and running, the
odor was a problem. After discussions with the Town
Attorney, staff has determined that in the future, the Town
can initiate an odor control ordinance that will be
retroactive, if it is needed.
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The third and final amendment to the staff memo was to
separate the two kinds of conditional uses. Staff proposed
that both wholesales and sales for off-site consumption
could be considered together as one conditional use. The
PEC thought that there should be two conditional use reviews
with a specific analysis of each kind of sale and the
related impacts.
III. PEC RECOMMENDATION
With the changes described above, the PEC unanimously
recommended approval, by a vote of 7-0, of the proposed
ordinance. The Commission believed that the proposed change
met the criteria as staff had analyzed it.
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ORDINANCE NO. 27
Series of 1990
AN ORDINANCE AMENDING CHAPTER 18.04 OF THE VAIL MUNICIPAL
CODE BY THE ADDITION OF SECTION 18.04.035 BREW PUB; AND AMENDING
SECTION 18.28.030 OF THE MUNICIPAL CODE TO ADD BREW PUB AS A
PERMITTED USE IN THE COMMERCIAL SERVICE CENTER ZONE DISTRICT;
AMENDING CHAPTER 18.28.040 OF THE VAIL MUNICIPAL CODE BY THE
ADDITION OF BREW PUBS THAT SELL BEER WHOLESALE OR WHICH SELL
FIFTEEN PERCENT OF THE MANUFACTURED BEER OR ALE FOR OFF-SITE
CONSUMPTION AS A CONDITIONAL USE TO THE COMMERCIAL SERVICE CENTER
ZONE DISTRICT; AMENDING CHAPTER 18.28 OF THE VAIL MUNICIPAL CODE TO
PROVIDE CERTAIN RESTRICTIONS IN THE OPERATION OF A BREW PUB; AND
SETTING FORTH DETAILS IN REGARD THERETO.
WHEREAS, the Planning and Environmental Commission has
recommended to the Town Council that they add Brew Pub as a permitted use
in the Commercial Service Center zone district; and
WHEREAS, the Planning and Environmental Commission has
recommended that a Brew Pub which sells beer and ale wholesale or sells
beer or ale for consumption off the premises should be a conditional use in
the Commercial Service Center District.
NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF
VAIL, COLORADO:
1. Chapter 18.04 of the Municipal Code of the Town of Vail is
hereby amended by the addition of Section 18.04.035 to read as follows:
18.04.035 BREW PUB
A Brew Pub means an eating place which includes the brewing
of beer as an accessory use. The brewing operation processes water, malt,
hops, and yeast into beer or ale by mashing, cooking, and fermenting. The
area used for brewing, including bottling and kegging, shall not exceed
twenty-five percent (25$) of the total floor area of the commercial space.
The brewery shall not produce more than one thousand five hundred (1,500)
barrels of beer or. ale per year. A barrel is equivalent to thirty-one (31)
gallons.
2. Section 18.28.030 Permitted Uses of the Municipal Code of
the Town of Vail is hereby amended by the addition of Paragraph G to read
as follows:
18.28.030 PERMITTED USES
G. Brew Pubs as defined in Section 18.04.035 of the Vail
Municipal Code, so long as the following conditions are complied with:
a) There is no exterior storage of supplies, refuse, or
materials on the property upon which the Brew Pub is
operated; and
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b) The operator of the Brew Pub complies with the Town of
Vail's loading and delivery reg:.~lations as set forth in
Section 10.52.130 of the Town o:E Vail Municipal Code;
and
c) There are no sales of beer or a:Le at wholesale and no
sales for off site consumption.
3. Section 18.28.040 Conditional Uses o:E the Vail Municipal
Code is hereby amended by the addition of Paragraph L as follows:
18.28.040 CONDITIONAL USES
L. Brew Pubs which sell beer or ale at wholesale or which
sell beer or ale for off-site consumption so long a:~ the total of wholesale
sales and sales for off-site consumption do not exce=ed fifteen percent
(15$) of the product manufactured by the Brew Pub o~Z an annual basis.
4. If any part, section, subsection, se~ztence, clause or phrase
of this Ordinance is for any reason held to be inva:Lid, such decision shall
not affect the validity of the remaining portions o:E this Ordinance; and
the Town Council hereby declares it would have passead 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, determ:Lnes and declares that
this Ordinance is necessary and proper for the heali~h, safety and welfare
of the Town of Vail and the inhabitants thereof.
6. The repeal or the repeal and reenactmeant 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 im~~osed, 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 ree=nacted. The repeal of
any provision hereby shall not revive any provision or any ordinance
previously repealed or superseded unless expressly :stated herein.
7. All bylaws, orders, resolutions, and ordinances, or parts
thereof, inconsistent herewith are repealed to the eaxtent only of such
inconsistency. This repealer shall not be construed to revise any bylaw,
order, resolution, or ordinance, or part thereof, hearetofore repealed.
2
a. .
INTRODUCED, READ AND APPROVED ON FIRST READING this day of
1990, and a public hearing shall be held on this Ordinance on
the day of , 1990, at 7:30 p.m. in the Council
Chambers of the Vail Municipal Building, Vail, Colorado.
Ordered published in full this day of ,
1990.
Kent R. Rose, Mayor
ATTEST:
Pamela A. Brandmeyer, Town Clerk
INTRODUCED, READ AND APPROVED ON SECOND READING AND ORDERED
PUBLISHED this day of , 1990.
Kent R. Rose, Mayor
ATTEST:
Pamela A. Brandmeyer, Town Clerk
3
ORDINANCE N0. 31
Series of 1990
AN ORDINANCE AMENDING SECTION 5.04.040 OF THE MUNICIPAL CODE OF
THE TOWN OF VAIL TO PROVIDE THAT PERSONS WHO SHORT TERM RENT UNITS
FOR LESS THAN FIFTEEN (15) DAYS PER YEAR SHALL BE EXEMPT FROM THE
PAYMENT OF THE BUSINESS LICENSE FEE UNDER CERTAIN CIRCUMSTANCES;
SETTING FORTH NEW BUSINESS LICENSE FEES FOR PEOPLE WHO RENT LESS
THAN THREE (3) UNITS; AND SETTING FORTH DETAILS IN REGARD THERETO.
WHEREAS, the Town Council is of the belief that it is more equitable to exempt
certain short term rentals of less than fifteen (15) days; and
WHEREAS, the Town Council is of the belief that persons who short term rent less
than three (3) units should have their license fee reduced.
NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF VAIL,
COLORADO, as follows:
1. Section 5.04.040, paragraph B 1 c of the Vail Municipal Code is hereby
amended to read as follows:
Persons who short term rent dwelling units or accommodation units for no
more than fifteen (15) days per year shall be exempt from the provisions of this
Chapter.
2. Section 5.04.040, paragraph B of the Vail Municipal Code is hereby amended
by the addition of subparagraph d to read as follows:
Persons who engage in short term rental of less than three (3)
accommodation units or dwelling units located in Zone 1 shall pay a business license
fee of one hundred fifty dollars ($150). Persons who short term rent less than
three (3) units in Zone 2 shall pay a fee of one hundred twelve dollars and fifty
cents ($112.50).
3. If any part, section, subsection, sentence, clause or phrase of this
Ordinance is for any reason held to be invalid, such decision shall not affect the
validity of the remaining portions of this Ordinance; and the Town Council hereby
declares it would have passed this Ordinance, and each part, section, subsection,
sentence, clause or phrase thereof, regardless of the fact that any one or more
parts, sections, subsections, sentences, clauses or phrases be declared invalid.
4. The Town Council hereby finds, determines and declares that this Ordinance
is necessary and proper for the health, safety and welfare of the Town of Vail and
the inhabitants thereof.
5. 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
I
effective date hereof, any prosecution commenced, nor any ether action or
proceedings as commenced under or by virtue of the provisi~~n repeale~ or repealed
and reenacted. The repeal of any provision hereby shall n~~t revive any provision or
any ordinance previously repealed or superseded unless expressly stated herein.
fi. All bylaws, orders, resolutions, and ordinances, ~~r parts thereof,
inconsistent herewith are repealed to the extent only of such inconsistency. This
repealer shall not be construed to revise any bylaw, order, resolution, or
ordinance, or part thereof, heretofore repealed.
INTRODUCED, READ AND APPROVED ON FIRST READING this day of ,
1990, and a public hearing shall be held on this Ordinance on the day of
1990, at 7:30 p.m. in the Council Chambers of the Vail
Municipal Building, Vail, Colorado.
Ordered published in full this day of 1990.
Kent R. Rose, Mayor
ATTEST:
Pamela A. Brandmeyer, Town Clerk
INTRODUCED, READ AND APPROVED ON SECOND READING AND ORDERED PUBLISHED
this day of 1990.
Kent R. Rose, Mayor
ATTEST:
Pamela A. Brandmeyer, Town Clerk
-2-
• s
~ FIRST ADDENDUM TO
TOWN OF VAIL/VAIL METROPOLITAN RECREATION DISTRICT
AGREEMENT
THIS ADDENDUM is made and entered into this X day of ~ ,
1990, by and between the TOWN OF VAIL, COLORADO, a Colorado municipal corporation,
hereinafter referred to as "the Town," and the VAIL METROPOLITAN RECREATION
DISTRICT, a Colorado quasi-municipal corporation, hereinafter referred to as "the
District."
WHEREAS, the Town and the District entered into a certain Agreement dated
January 24, 1989, dealing generally with the provision of recreational programs and
services to the inhabitants and guests of the Town by the District (the
"Agreement"); and
WHEREAS, the parties wish to amend certain provisions of the Agreement and
Exhibit E attached to the Agreement and incorporated therein.
NOW THEREFORE, in consideration of the mutual promises contained herein, the
parties hereto agree as follows:
1. Commencing on January 1, 1990, the amount of the financial contribution
made by the Town to the District shall be increased from five hundred twenty-two
thousand thirty-three dollars ($522,033) to the sum of five hundred forty-three
thousand two hundred forty-three dollars ($543,243).
2. Commencing on January 1, 1990, Exhibit E of the Agreement is hereby amended
.to read as set forth in the Exhibit E attached hereto and made a part of this
Addendum by reference.
3. Commencing on January 1, 1990, paragraph 5 is amended to provide for the
following additional services to be provided by the Town to the District:
Ford Park
- Irrigation (1990 only)
- Trash Removal (non-special event only)
- Flower Planting and Maintenance in Current Beds at Tennis Courts
- Hand Mowing around Tennis Courts
- Repair Irrigation System
Golden Peak ~
- Trash pickup
Golf Course
- Flower Planting and Maintenance in Current Beds
- Plowing
- Sweeping
Dobson Ice Arena
- Flower Planting and Maintenance in Current Beds
- Mowing
Red Sandstone School
- Plowing
- Sanding
Special Events - Races (only for similar events and races as actually held
in 1989)
- Street Sweeping
- Police
- Setting Courses/Blockades
4. The provision in paragraph 9 of the Agreement which provides that no later
than two (2) years from the date of the commencement of the Agreement the District
will hold an election and submit a mill levy increase to the authorized voters of
the District sufficient to increase the District's annual tax increases in an amount
equal to the Town`s annual contribution is hereby deleted.
5. In addition to any contributions of the Town set forth in the Agreement or
this Addendum, and any expenses to be paid by the District set forth in the
Agreement and this Addendum, each party shall pay those recreation related expenses
which they respectively paid prior to the execution of the Agreement.
6. Except for the amendments set forth in this Addendum, all other provisions
of the Agreement shall remain unchanged and in full force and effeci.
WHEREFORE, the parties have signed this Addendum on _
19~~ .
VAIL METIROPOLITAN RECREATION
TOWN OF VAIL, a Colorado municipal DISTRICT, a Colorado
corporation quasi-governmenial corporation
By : By : _ ~ ~
Rondall V. Phillips, Town Manager Ke Wilson, Chairman
-2-
J
~ EXHIBIT A
Real Property and Improvements Thereon
1. John Dobson Ice Arena and environs
2. Upper floor of the Old Town Shop except the Police weight room
3. The Youth Center
4. The Nature Center
5. The upper bench of Ford Park
6. The public tennis courts
7. The athletic field
EXHIBIT E
Detail of TOV Payment to UMRD f~~r
Provision of Recreation Service:
ITEM PAYMENT AiOUNT
TOV Recreation Subsidy $476,383
Office Support Expenses 5,850
Unemployment Insurance Costs 2,500
Personal Computer Repair & Maintenance 500
Software Maintenance 788
Fourth of July Youth Event 8,000
Current UMRD Management Fees (29,234)
New UMRD Management Fees 33,375
Zamboni Replacement 3,196 *
Refrigeration Equipment Replacement 5,700
Parking Passes 1,200
Park Maintenance 23,OQ0
Workers Compensation Insurance 15,970
Property Insurance (4,893)
Advertising for Vacant Positions 22,5
Phone Services 683
TON Payment to UMRD $543,243
* This amount will be supplemented by a one-time payment of $7,500 for the Zamboni
and $12,000 for the refrigeration equipment.
WORK SESSION FOLLOW-UP
8/17/90
Page 1 of 2
TOPIC QUESTIONS FOLLOW-UP SOLUTIONS
8/8/89 WEST INTERMOUNTAIN ANNE?lATION ARRY: Proceeding w/legal requirements for new advocate for petition circulation is being sought.
(request: Lapin) annexation. Cindy Callicrate to be contacted.
2/27 SATELLITE POST OFFICE (request: ON: Pursue station "in town" and/or increase Meeting to be set up with Ernie Chavez. Summer bus service
Osterfoss) summer bus service? increased.
5/1 AMEND CODE, 12.04.240, STREET CUT TAN/LARRY/KRISTAN: Per Council direction, proceed. Pam has given original ordinances to Stan. Recommended
PERMITS changes to be presented to Council in September.
6/12 VAIL GLO SIGN (request: Levine) ON/KRISTAN: Through DRB, or some other process, Kristan will handle.
can the lettering color and lighting be modified?
6/26 AIR QUALITY USAN: Issue of passive smoke and smoking in Susan has been given assignment.
restaurants needs to be revisited by this fall.
6/26 TED KINDEL MEMORIAL ODD 0.: Track down ownership of land to the south Land is all owned by VA. VA says a plaque can be placed
(request: Rose) of the Christiania. If this belongs to the TOV, there. A letter from VA is forthcoming. Stan has
begin to formulate memorial plan, i.e., park contacted Gordon Britton, who will have a plaque made up.
bench, plaque, etc.?
7/17 BIKES/ROLLER BLADES AND SKATES/ EN/LARRY: Should bicycles, roller blades, etc. be Researching appropriate ordinances.
SKATEBOARDS prohibited from highly pedestrianized areas in
the Village and Lionshead?
7/17 BUSINESS LICENSE SURVEY RESULTS ALLY LORTON/LARRY: Council is interested in seeing Will be presented to Council August 21.
survey results as related to the proposed short-
term rental amendment to the business license
ordinance.
1/24 AG/OPEN SPACE AMENDMENT ARRY/KRISTAN; Unanimous consensus of Council to Ordinance being developed.
ORDINANCE proceed to make AG/Open Space 35 acre minimum
per unit.
8/7 VESTED RIGHTS (request: ARRY/KRISTAN: When does a person vest rights for Larry will develop.
Fritzlen) development purposes?
7/27 UNDERGROUNDING UTILITIES IN ARRY/STAN: Work with Holy Cross Electric to Scheduled to begin this fall.
EAST VAIL establish special improvement district(s) for
undergrounding utilities in East Vail.
WORK SESSION FOLLOW-UP
8/11/90
FOLLOW-UP SOLUTIONS Page 2 of 2
TOPIC QUESTIONS -
7/27 HOTEL/CONDOMINIUM CONVERSIONS KRISTAN/LARRY: Develop list of hotels with Will provide by August 28.
condominium approvals.
8/7 JOHNSON/GATES MEETING RON: Schedule discussion w/Bud Gates and Linda Will do.
Johnson-prior-to-November-genera-l-elect;.,,,.
N.-
8/14 SECOND QUARTER FINANCIAL REPORT STEVE B.: Provide monthly cashflow projections; Steve developed information for packet.
(requests: Lapin, Gibson) under GENERAL FUND REVENUE, what makes up the
category "Charges for Services."
8/14 WINTER '90-'91 PARKING PLANS COUNCIL: Any proposed fee/pass scheduled should be Parking & Transportation Advisory Committee meeting will
submitted to Ron, preferably by Friday, 8/17/90, be Thursday, 8/23.
and no later than 1:30 p.m., Thursday, 8/23/90,
for review by the Parking and Transportation
Advisory Committee.
8/14 COUNTY COMMISSIONERS REVIEW OF KRISTAN/LARRY: Prepare resolution for the Black Resolution to be presented to Council 8/21.
BLACK LAKES PROPOSAL Lakes hearing scheduled by the County
Commissioners August 27, 28, & 29, 1990.
Prepare comments regarding proposed radio site Resolution to be presented to PEC for their review 8/21.
antennae with dishes to be located northwest of
the West Vail exist. Hearing: August 27, 1990.
1~ THE WALL STREET JOURNAL THURSDAY, AUGUST 16, 1990
Carl Icahn's Carl Icahn Llkes Ailing Junk Bonds
Here are some of Mr. Icahn's largest junk-bond holdings, as estimated by traders and other
New.Game. ~ • bondholders.. .
- ~ ~ " ' ~ FACE VALUE
1^11r ~1 X~11 C( OF HOLDING CURRENT PRICE
JuI11~ BOr1tlJ ISSUER, ' BOND ~ (In mllltons) (Cents on the dollar)
Southland 13'/s% notes of 1995 $180 44
By GeoxcE Axni~s Western Union 19'/x% reset notes 70 = 46
StafJR~rter of THE wwta-sa-nE~rJounN,u. Gillett Holdings ~ 125/s°I° bonds of 1998 50 - 27
NEW YORK -Corporate raider Carl 13'/e% bonds of 1999 17
Icahn has elbowed his way into the nastiest Leasewa 13'/x% bonds of 2002 40 . ` 19
corner of the junk-bond market: the re- Y
structuring battles over financially trou- Interco T33/~% bonds of 2003 30 . 25.
bled companies. -
What happens next won't be pretty, Mr. Mr. Icahn complains. But he vows: "The 19'/a% notes unless terms are modified.
Icahn acknowledges. But he expects to
make a lot of money. equity holders aren't going to roll me over Mr. Icahn hasn't been so combative in .
Market estimates are that Mr. Icahn in like they do with some of the other bond- the restructuring of Southland, which oper-
the past four months has snapped up holders." ~ ates 7-Eleven stores. But he weighed in
nearly $800 million face value of distressed For other investors, it's thrilling and a during last month's creditor talks nonethe-
junk bonds, buying them at a steep dis- bit frightening to watch Mr. Icahn, a re- less. "He was pushing for more cash, more
count. Mr. Icahn won't comment on that Puted billionaire from his 1980s raids, turn equity, more everything," says Deltec's
figure. But he confirms that his big bond his teeth on other takeover specialists who Mr. Gordon, who is head of the Southland
holdings include Southland Corp., Western took on too much debt. "There's tremen- bondholders' committee. "It was pretty in-
UNon Corp., GWett Holdings Inc., Lea- dous irony m seeing one raider attacking discriminate."
seway Transportation Co. and Interco Inc. ~ others, observes John Gordon, ajunk-bond Gillett Holdings could prove to be Mr.
All those companies have defaulted on investor at Deltec Securities Corp. "I'd Icahn's next battleground. The broadcast-
their debt; their bonds trade anywhere love to see the action as Carl moves for- ing, ski resorts and meatpacking company
from 17 cents to 46 cents on the dollar. ward." missed a bond interest payment Aug. 1; it
Mr. Icahn says he smells opportuni In the case of Western Union, Mr. Icahn iS offering bondholders cash and new secu-
much as he did in the 1980s when he already has taken his first bite. During an rides in exchange for some defaulted
• stalked companies such as Texaco Inc., eight-hour conference call among top bond- bonds. Traders estimate that Mr. Icahn
~ Trans World Airlines, ACF Industries Inc. holders last month, Mr. Icahn repeatedly owns $50 million face value of the com-
! and USX Corp. in the stock market. It Pressed Western Union Chairman Bennett pany's most depressed bonds, which trade
doesn't appear to bother him that in his Bow about why the ailing telex and at 17 cents to 27 cents on the dollar.
new arena he might face protracted fights money-transfer company didn't put more A friend of company owner George Gil-
with company owners about how to settle cash into its proposed exchange offer for Lett says that Mr. Icahn's aides are loudly
bondholders' claims. holders of its defaulted 19'/a% bonds. Mr. balking at the exchange offer. "Carl and
"It's a travesty what some of the equity Icahn owns $70 million face value of these his guys have been giving George fits,"
owners are doing," Mr. Icahn fumes. "A debt securities, traders estimate. this friend says. Mr. Gillett and Mr. Icahn
lot of these guys believe ft's their right to Mr. LeBow insisted that the company both decline to comment.
stay in control even if their faulty deci- simply didn't have any more cash, accord- Only in Interco has Mr. Icahn been a
sions have completely messed up a com- ing to several people who listened in on the peaceful presence. Interco's chief execu-
pany. It's like the divine right of kings." conversation. But Mr. Icahn then snapped: five officer, Richard Loynd, says he met
When debts must be restructured, Mr. "What about your management contract? ;with Mr. Icahn in June and found the
Icahn says, he wants to collect the best You're getting paid $2.5 million a year. raider "very pleasant, with lots of very
possible mix of cash, equity and new bonds Why do you have to get that?" _ creative ideas for the company." Interco
in exchange for his current holdings of de- Bondholders say Mr. Icahn ran through already has agreed to turn over more than
faulted bonds. And if new part-owners can a list of other demands, including curbs on 70% ownership of the company to bond-
be brought in to help "resuscitate" acorn- Western Union's capital spending, so that holders.
pany, Mr. Icahn says, he's in favor of that, more money would be available to repay Trying to gauge Mr. Icahn's junk-bond
too; bondholders. Many of those points stW investment record so far is difficult.
Many of these equity owners aren't haven't been settled; Mr. Icahn has told Traders estimate, though, that Mr. Icahn
willing to give up part of their equity and other bondholders that he may block West- has paper profits of about E30 million 6fl
their perks to get an infusion of new cash," ern Union's proposed exchange offer for its Please Turn to Page C17, Cgtlf~tl b
Carl Icahn Is Tr In ated company, Trans World Airlines, he bons with Mr. LeBow to particular are de-
y g says. In the past, the TWA pilots' union scribed by mutual friends as quite frosty
i has objected to some of Mr. Icahn's invest- now.
HIS Hand at NeW Role • ment moves. All the same, Mr. Icahn, who has said
Some day, Mr. Icahn says, he wants to he will be happy only when he is worth EZ
In Junk-Bond Market take a friendlier role and pump fresh cash billion, isn't about to forgo a chance to
into a financially troubled company. That make more profits. "Carl has probably
Continued From Pa a CI could allow him to take a majority owner-
g ship stake, much as Japan's Ito-Yokado done more negotiations than any living
his Southland bonds, and about $10 million . is proposing to do with Southland. person," says Wilbur Ross, a Rothschild
on his Western Union notes. They believe Such a move is an intriguing possibility, Inc. investment banker who specializes in
he also made about $30 million in RJR Na- says Marcel Clemensen, director of high- bondholder issues. "He's got himself in a
bisco Inc. bonds, which Mr. Icahn says he Yield research at Citicorp. "This market gppa pOSition now."
recently sold. Mr. Icahn's Interco position, badly needs recapitalizing," Ms. Clemen-
however, is believed to be a loser so far. sen says. "Anyone is welcome." _ More fireworks may lie ahead. This
week, a rumor swept the junk-bond market
Mr. Icahn says he is buying junk bonds So far, however, Mr. Icahn's aggressive that Mr. Icahn had begun buying bonds is-
through "several different companies" bondholder tactics aren't making him any sued by developer Dogald Trump's ca-
that he controls, including ACF Industries more popular in c,..r,,.ate boardrooms. sinos. Mr. Icahn wouldn't confirm that.
and Unicorn Partners. No purchases, how- "It's sort of a shame," Mr. Icahn says. The bonds are trading as low as 42 cents
ever, are being made by his largest affili- "Some of these guys I do like." His rela- on the dollar.
RECD AUG 1 71990
August 15, 1990
ivJVN OF VAII.
Town Council Members
75 S. Frontage Road
Vail, CO 81657
Dear Council Members:
I am writing to address my concerns regarding the proposed location of the Vail Cemetery
in Donovan Park.
This land was purchased by the town with tax transfer dollars as "open space". I attended
several community forums some years back regarding the uses of this land. Potential uses
were cited as follows: children's play area, softball and soccer fields, picnic areas, etc. All
of the input reflected recreational needs that were identified by our community. This land
should be used to enhance the lifg of people in Vail -not to satisfy the needs of very few.
I urge you to follow nonular opinion and place the cemetery in an area that will not affect
the lives of those around it.
Sincerely,
Rosemary Heller
A Concerned Vail Citizen
- ~11
town of uaii
75 south frontage road
vafl, Colorado 81657
(303) 478-2116
MEMORANDUM
TO: Vail Town Counci!L(~~
FROM: Steve Barwick
DATE: August 17, 1990
RE: 1991 Second Quarter Financial Report
This memo is in response to Councilman Gibson's request for
information about the shortfall in the revenue category of
"Charges for Services".
The following three line items were responsible for the projected
decrease in revenue:
o Symposium 1990 Budget: $25,000
1990 Projected: $ 0
The Symposium is now conducted by a separate entity
and all revenues go directly to them. there is
also a cost savings associated with this change.
o VMRD Management Fee 1990 Budget: $32,621
1990 Projected: $19,000
VMRD hired an additional office employee. This has
reduced the amount of VMRD work being performed by
the Town of Vail.
MEMO
AUGUST 17, 1990
PAGE 2
o Police Contract Overtime 1990 Budget: $17,500
1990 Projected: 4,000
This line item is used to account for revenue
generated when outside entities contract with the
Town for police services. Less of this type of
activity is occurring than originally estimated.
There is a corresponding expenditure de~~rease.
SHB/ds
~ i~EC'D AUG ~ ~ 199A'
~M~ ~ ~
~~;~;Q~ ~ ~ (J2~ July 31, 1990 DRAFT
~~""_~0__ v Outline of Remarks on Amendment No. 1
"Taxes in Perspective"
I. Where is the beef? Taxes in Colorado are about average
in fact slightly below average
A. Proponents statistics are misleading and don't reflect
reality in Colorado
B. Examples of proponents statistics
1. Proponents say property tax rates increased 11.1%
in 1989
2. The fact is, based upon Colorado Public
Expenditure Council (CPEC) reports, total property
taxes in Colorado increased by 6.1°s in 1989 and
2.5°s in 1990
3. Municipal general activity revenues per capita,
when adjusted for inflation, actually decreased
between 1978 and 1988 by 8.80
4. Proponents report that Colorado has the highest
motor fuel taxes in the nation. Actually,
according to the Colorado American Automobile
1
i
'J
Association, it other states had higher or the ~
same tax rate
5. The proponents cite Colorado local government
revenues as exceeding the national average by 28~.
Actually, when state and local revenues are
combined, (the most relevant com~~arison} taxes in
Colorado are below average. -
Rank
a. State and local per capita '88 22
b. State per capita '88 43
c. Local per capita '88 6
d. State and local per $1,000 :Lncome 32
e. State per $1,000 income 49
f. Local per $1,000 income 5
(Coloradoans pride themselves on local control.
Consequently, local taxes are comparatively high
and state taxes are comparativel~~ low. When
combined, state and local taxes ~~re slightly below
average.}
~C. Elaborate system of protections for local taxpayers
1. Recall
2. Initiative, referendum
3. Existing tax limits
4. Frequent elections of officials
2
5. These protections ensure adequate local citizen
control without destroying representative
government and the ability of government to
respond to emergencies and other needs
D. Contrast federal situation real problem is at the
national level where the federal government raises
approximately 2/3 of all government taxes and fees and
yet is not subject to the recall, initiative and
referendum protections which apply to state and local
governments
E. Voters recognize the need for flexibility and the fact
that taxes in Colorado are not out of control. In
fact, voters have rejected proposals similar to
Amendment 1 on six initiatives since 1972.
II. Read the Fine Print! Measure Goes Far Beyond Limiting New
Taxes!
A. Very detailed, confusing and restrictive language. The
real impact will not be known until long after the
election and after expensive and protracted litigation.
B. Study its impact carefully
C. In general, requires voter approval for new taxes,
increased taxes, new fees and increased fees
3
D. A major rollback of existing taxes .not just a lid on
new taxes
1. 69 mill limit rolls back taxes in many areas
current mill levies exceed 69 mills in parts of
most counties! This limit will r~~ll back tax
revenues and result in the loss o:E hundreds of
millions of dollars in existing tax revenues over
the next ten years:
2. Personal property tax credit O:iPB estimates
revenue loss of $105 million for ]:fiscal 91192 from
the $200 credit per taxpayer. Th~Ls loss will
actually increase in subsequent years as the $200
credit escalates.
3. Emergency reserves requirements reduce spendable
revenues otherwise available for :services.
4. Increased costs to administer and comply with
amendment these costs will further reduce
revenues available to provide current government
services
E. Outright prohibition on certain taxes even with voter
approval
1. Property taxes
a. 69 mills cannot be exceeded even with
voter approval except to retire debt
b. Can't be used as an emergency tax to respond
to emergencies
4
i
2. Real estate transfer taxes new taxes and
increased taxes prohibited even if local
citizens approve
3. Income taxes uniform rate mandated
4. These restrictions apply even where state or local
citizens are willing to approve at an election
those taxes to fund government services
F. Voter approval required for routine increases in fees
and charges where the increase exceeds the CPI increase
1. Incredible number of state and local charges
affected
a. School book, music, and athlete fees
b. Park and recreation charges, such as green
fees, swimming pool fees, fishing licenses
c. Water, sewer, trash, and electrical fees
d. Aircraft landing fees
e. Filing and registration fees
f. Hundreds of other government fees for
services
2. Allowable increases (up to Denver-Boulder CPI are
. misguided and inflexible)
a. Need to increase revenue does not necessarily
coincide with Denver-Boulder CPI
(1) Economy varies from region to region
5
(2) Some expenses are not geared to CPI and
must be incurred with or without voter
approval
(a) Medical
(b) Fuel
b. Lag in CPZ number versus rev=nue needs
c. Voter approval required for ;sll new fees for
existing or new services regardless of how
small the fee -
3. Citizens will be forced to vote o~i and hopefully
become familiar with an incrediblE~ number of state
and local fees
G. Cumbersome and expensive election process
1. Consolidated elections (three dates available
every two years) mass confusion for voters
2. Notice requirements mailing co:;ts and
difficulties
3. Detailed summary plus required description of
arguments for and against the measure how will
accuracy be determined?
4. Effect of underestimating revenues is a tax refund
therefore, public officials will be encouraged
to overstate revenues
5. Additional expensive elections will be required to
vote on the taxes, fees and bond issues which
currently do not require referendums
6
I
6. Taxpayers will incur additional expenses just for
government to comply with the initiative's
requirements
H. Emergency exceptions while some exceptions are
allowed, the emergency provisions are really inflexible
and unwise
1. Narrowly defined to exclude revenue shortfalls and
economic conditions {A major revenue shortfall is
just as serious an emergency as emergencies caused
by an act of God both threaten continuation of
government services.)
2. Can't raise property taxes to cover shortfall
for some local governments property taxes are the
principal tax available to finance emergencies
3. Emergency tax hike repealed if subsequent election
doesn't ratify
I. Protections for local government inadequate
1. State mandates
a. Social services and courts $68 million
according to OSPB
b. Increased expenditures for state government
or reduction in social services and court
expenditures and services may occur
c. Other mandates? The measure fails to
define a mandated "program" so impact on
local services and local expenditures is
7
unclear. What about continu~~tion of
environmental and personnel ~~ractices and
benefit mandates?
2. State reimbursements state dis~:retion to
reimburse state discretion cou~~led with state
revenue and expenditure limitatio~is indicate that
state reimbursement to local gove~_nments may be
the exception rather than the rule
3. Impractical for local governments to enforce these
provisions which could turn out to be little more
than "lip service" protections
J. Possible public project and municipal Mond implications
1. Reduces existing revenues
2. Restricts increased revenues
3. Adverse impact on bond ratings, rE:sulting in
increased interest costs to taxpa~~ers to fund
public improvements
4. Additional litigation grounds to t~lock public
projects
5. Restricts public investment for ec:onomic
development
6. Requires voter approval of increa:>ed fees and
charges; thus impairing financing of public
facilities with revenue bonds
8
-
7. Requires voter approval for all debt and "other
financial obligations" (i.e., water bonds, revenue
bonds, and certificates of participation)
8. Requires elaborate election notices and prohibits
special elections
III. There is no such thing as a free lunch!
A. Good services, adequate public facilities, quality
education these all require tax revenue
B. Quality of life and economic development require tax
revenue and an investment in our future
C. Best met through representative government coupled with
existing protections of recall, initiative and
referendum where needed
D. This initiative sacrifices local control, current
services, and the ability of government to respond
quickly and effectively
E. Let's not buv a pia in a poke!!!
9
STATE OF COLORADO
Department of Regulatory Agencies ~~,oF`°~°R
PUBLIC UTILITIES COMMISSION Steven V. Berson
Arnold H. Cook, Chairman Executive Director ~ ~ y
Ronald L. Lehr, Commissioner ~m~~ o~
Gary L. Nakarado, Commissioner r~~n `
James P. Spiers, Executive Secretary
Roy Romer
Governor
August 9, 1990
Town of Vail
Kent R. Rose, Mayor
75 South Frontage Road
Vail, CO 81657
Dear Mayor Rose:
RE: Your letter concerning Local Calling Area Plan
Thank you for telling the Commission about your concerns with the U S
WEST Local Calling Area Plan (LCAP) which was implemented on June 19,
1990 for your community.
When the LCAP decision was made in July 1989, the PUC Commissioners
stressed that the LCAP plan was not "cast in concrete." They noted that
community of interests could change in the future which could result in
changes in call volumes from one community to another. This could cause
further changes to local calling areas. With this possibility likely,
the Commissioners created a task force to review the LCAP plan, and
directed the task force to make recommendations regarding any proposed
modifications. The task force is to report to the Commissioners at least
every two years. The task force will begin its review of LCAP in July
1991, a year after LCAP's implementation. Your letter regarding a change
of calling area will be referred to the task force for its
recommendations. The task force recommendations and your letter will. be
submitted to the Commissioners.
The local calling areas which have been established were based on
communities of interest and considerations required by law.
The Commission defined a community of interest to be the combined
customers' primary communication needs for a particular exchange. These
needs included calls for health and safety purposes, business purposes,
to schools, for community activities and for social and governmental
activities.
An indicator of community of interest is shown by call volumes from one
exchange to another. The Commission used the standard of an average of
three calls per customer per month from one exchange to another to
,establish a local calling area. When the call volume was three or more
calls per customer per month, the Commission included the exchange within
a local calling area. Please note the standard used was for an exchange
and not specific .t~o~an~r~ett~t~icenleve~~a'~en'ver, Colorado 80203
General Information (303) 894-2070 or 1-800-888-0170 • FAX (303) 894-2065
By state law, .the rearrangement of local calling areas c~~nnot adversely
affect the entire telephone system of any local telephone company. The
Commission is required to protect the entire telephone system. The law
also requires the Commission to ensure that the established local calling
areas will not adversely affect a telephone company's financial
integrity. In other words, the revenue losses to an affected telephone
company must be minimized with the change of a local calling area, which
in turn minimizes rate increases to its customers.
The Commission welcomes your comments. If you would likes to provide
additional information concerning your calling area or if' you have
suggestions concerning the criteria used by the Commission to establish
local calling areas, please write to the:
PUC Calling Area Task Force
Docket 89M 083T
1580 Logan St., OL2
Denver, Colo. 80203
Sincerely yours,
Y~~
Barbara Fernandez
External Affairs Manager
AGENDA . csyf~i~,;....- t~~Sf,
TTT~~~1t "}T5j l _
- REGULAR MEETING ~ 13t:3 r~~ ~~~~r r
~k~: =
RECREATION D ~h~"r'3' ~ ;
VAIL METROPOLITAN ~ ~
~ ~ . ` ~ ~
BOARD OF DIRECTORS _ .
WEDNESDAY, AUGUST 8, 1990
r~ ~
VAIL TOWN COUNCIL CHAMBERS
2:00 - Final walk through at Ford Park Tennis Facility
2:40 - Executive session - Vail council chambers
1. Regular Meeting - Call to order 3:00 PM
2. Approval of Minutes: July 11, 1990 (see attached)
3. Audit Report (see attached) - Jerry McMahan
4. Financial Report (see attached) - Jones
5. Golf Course Irrigation Project - fall phase - Ben Krueger
6. Sub Committee Reports:
a) Golf - Firm
b) General Recreation - Foster & Asmussen
-Softball
7. Lacrosse Tournament - Jim Soran
8. Dobson Ice Arena Contracts (4) (see attached) - Erin Simpson
9. TOV/VMRD Agreement - First Addendum (see attached)
10. CML Golf Tourney (see attached) - Ron Phillips
11. Public Input/additional items
12. Approval of PO's
13. Adjournment
ATTACHMENTS: Minutes, July 11, 1990
McMahan Armstrong & Associates - letter and audit
Financial Report, June 30, 1990
DIA CONTRACTS
Colorado Curling
Vail Valley Foundation
Ski Club Vail
1990 Scott Hamilton Christmas Party
TOV/VMRD Agreement - First Addendum
Phillips letter - CML Golf Tournament
Follow Up Items - FYI
FP Tennis Facility Final Walk Thru - FYI
Mike Beckley letter - FYI
Jerry Ford Invitational - FYI •
Lacrosse - Johnson & Porter letter
Fred Green letter - FYI
_ ~II~WYiBS
REaQLAR NESTING
VAIL METROPOLITAN RSCREATIO~1 DIBTRICT
JnLY 11, 1990
MEMBERS PRESENT: Ken Wilson, Gail Molloy, Colleen McCarthy, Lew
Meskimen, Hermann Staufer
MEMBERS ABSENT: None
OTHERS PRESENT: Brian Jones
CALL TO ORDER: The meeting was called to order at 3:10 PM.
APPROVAL OF MINUTES:Iiermann Staufer made a motion to approve the minutes
from June 27, 1990, second by Colleen, passed
unanimously.
FOLLOW UP ITEMS: Krueger will start landscaping at the tennis courts
after the paving is completed by B & B. The rain has
delayed B & B's starting time on the paving.
SOS Rick Chastain stated the official art work has
not been released yet from the production company.
He included the SOS event on all Fourth of July
posters and flyers and newspaper ads.
GOLF COURSE ISLAND: Wilson said he signed the Second
Amendment to Satch's restaurant. Brian spoke to
Collins and he indicated there is very little or no
change in VMRD's liability if they retake control of
the island. Wilson also wants Brian to make sure VMRD
is covered with insurance for this property. Brian
said we are, but will double check it.
SOFTBALL FIELDS Jim Sanders from the Vail Golf Club
has the repair list prepared by Steve Foster. Jim
will be starting the repairs shortly. Hermann
indicated several soccer players are concerned by the
condition of the athletic field since the Lacrosse
game. Ben Krueger said that his crew aerified and
• reseeded yesterday.
SUB COMMITTEE ROLE: Hermann Staufer had requested this item. He wanted
the board to reread the memo from Dodson and after the
new Director is hired put this item back on the agenda
in the Fall.
JERRY FORD
INVITATIONAL: Brian Jones stated there has been one correction to
the contract since it was copied to the Board's packet
- add July 30 as a donated day (total days donated,
~~,~y.~k.Y+.
'i..
July 28, 29, 30 and 31, 1.990). Bruce Fire asked if
there were any practice round tee times to be given
to the tournament on Thursaday and Friday. The Board
and Jones indicated there would not be. Wilson
suggested a letter be written to Barrett to make it
clear there would not be any tee times available on
those days.
Ken Wilson is drafting a letter to Bob Barrett asking
that in the future VMRD Board members be included in
the tournament as recognition for their donation of
the course for 4 days.
Molloy made a motion to approve the contract for free
practice rounds on Saturday and Sunday (July 28 & 29)
and the use of the course ~~n Monday and Tuesday (July
30 & 31, 1990) , second by Hermann, glassed unanimously.
LACROSSE TOURNAMENT: Wilson gave the Board a ~^eview of the VMRD meeting
with the Lacrosse organizers last year. This meeting
took place as a result of 'the Town Council voting not
to hold the tournament in Vail. At that meeting the
"Lacrosse players.explainecl why Fourth of July is the
only date during which tree collegie players and the
working players can attend this tournament. If the
date would change, the tournament would have to
.relocate. At this meeting several entities such as
the police department, VRA and local businesses showed
their support for keeping t:he tournament in Vail. The
Tournament organizers also outlined their plans to
keep order among the p1ayE:rs.
Ken Huey, Vail police chief, stated that, in terms of
trouble caused by the Lacz~osse player, 1990's event
was greatly improved as compared to prior years. Each
year the tournament is improving. There was some
alcohol, vandalism and very few fights, but all of
this would occur whether or not the tournament was
here.
Hermann expressed his concern regarding haw the Fourth
of July experience in Vai:L has, changed from 5 years
ago.
The Board requested this item be put on the agenda
when Foster returns.
SUB COMMITTEE
REPORTS: GENERAL RECREATION Laurie.Asmussen handed out posters
for the Hot Summer Nights concert s3eries. They have
distributed 750 posters. American Airlines has
donated two, round trip ajar line tickets to Europe.
Laurie filled ajar with M M's and will sell guesses
for $1. This money will be Nsed to offset the costs
• 'y Y.G
of Hot Summer Nights. Laurie will be meeting with
Holly Turner on Friday regarding Symphony of Sports.
g~ of JtTLy Rick Chastain stated the final tally on
costa are not in, but feel they will be within budget.
When he compiles the figures he will forward the
information to the Board. The street dance attracted
8,000-10,000 people consisting of families and age
group. The petting zoo, VB/BBQ and childrens
entertainment tent were all successful. Next year the
committee will discuss moving the street dance to
another location. Joanne Mattfo wanted Rick to stress
the fact there was GREAT .cohesiveness between public
works, the fire department and the police with the
committee. The T-shirts worn by all the groups helped
to bring everyone together for the same goal. Wilson
asked that a thank you letter be sent to the editors
of the newspapers and to Ron Phillips for the great
job. Rick indicated these letters had already been
written.
KAYAK Chastain indicated the Kayak people are
interested in pursuing future events in Vail. A VMRD
representative may need to qo to Indianapolis. The
Board wants the staff to continue negotiations with
the group. If a trip is necessary they should return
to the Board to ask for funding.
GOLF Bruce Fins stated the green fees are $108,870,
1990 (vs $84,000, 1989) and cart fees are 32,406, 1990
(vs 27,400, 1989). The committee will hold off doing
a promo plan with the hotels, pending further
information on the next phase of the irrigation
project . Bruce does not want to promote a program and
then have the golf course half torn up with the
irrigation project.
The maintenance personnel will be dressed in the same
shirts. Bruce felt that he needed authorization from
the Board to spend the dollars for this unifona.
Molloy moved to approve 100 shirts at $5 each, second
by McCarthy, passed unanimously.
Bruce is running out of score cards fast. He wants
to order temporary cards from Eves Print Shop now.
The Board would like Bruce to first get a quote from
the regular score card company for cost and time. The
Board authorized Bruce to order 5,000 cards from Eves
to get him by in the meantime.
NINE HOLE GOLF
COURSE: Bruce Firm stated the sub committee feels this is a
great site for a 9 hole golf course and it can be
worked in harmoniously with the existing landscaping.
f. ~
a
Firm, Satterstrom and Jim Morter walked the land and
feel 8 of the holes can be put in without aiming
towards the highway or houses. Parking can be placed
at the far, low end by th~a bus pick up.
Jones stated the TOV has been waiting on preliminary
information from VIrIItD. The figures compiled by Bruce
which have been included in todaysipacket suffice for
the Town's purpose of holding a public hearing on the
land use.
Wilson wants some information on how VMRD can finance
the estimated $1,000,000. Jones isaid he will work
with Firm to produce projected revenues and
expenditures and determine fundi~nq capacity from
operations.
Meskimen wants to be sure the Highway Department is
consulted regarding their requirements. This could
be a significant cost factor. Firm stated he is
planning for a 50 car parking lot. At the next golf
sub committee meeting they will all walk the site and
Firm encouraged all the Board members to attend. If
they cannot, he will take them on i personal tour.
Staufer wants Ron Phillips and the Town Council to
receive a copy of the stajtement prepared by Firm on
the par 3 golf course.
The Board wanted to know why Firm bought the 4 radios.
Firms said he bought 4 radios with chargers used for
$2,000. They can be hookead up to the repeater, but
they have the distance ca}ability of talking to the
rangers, starter and shop. The old radios were broken
and radios are essential to the golf operation.
Hermann asked if items tihis large are not in the
budget should Board approval be obtained first? Brian
Jones indicated there is nc~ such policy on a per line
item basis. The ultimate goal is the bottom line of
each departments budget. Jones felt that Board
approval is unnecessary and operatioially inefficient.
Staufer made a motion that ,any item which exceeds $500
in the miscellaneous lima item should have prior
approval of the Board, second by Molloy. Yes-Molloy,
Staufer, Wilson & McCarthy No - Meskimen.
POST SEASON GOLF RATES: McCarthy made a motion that
on September 24, 1990~the 'Vail Golf Club go to a $25
green fee~to the hotels of i:he free recreation program
and $35 to all others, second by Molloy passed
unanimously.
r
;.H.' . ~e S'. a~( a'.
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•
` BERRY CREEK RANCH:
(additional item) McCarthy stated that later this week she and Wilson
will represent VMRD at a meeting to discuss the
purchase of this land. They will not be committing
VMRD to any monetary amount at this time.
TRINA JOHNSON:
(additional item) Wilson asked if the Board wished to offer any
donations as a Board to the Trina Johnson fund
established at First Bank. Yes! Molloy made a motion
to donate $500 to the Trina Johnson fund, second by
Staufer. Yes-Molloy, Staufer, Wilson, McCarthy; No-
Meskimen.
APPROVAL OF PO'S: Meskimen moved to approve the Purchase orders, second
by Molloy passed unanimously.
ADJOURNMENT: The meeting was adjourned at 5:45 PM.
Gail Molloy, Secretary
S
1~~1CMAHAN, ARMS- t SONG Sz ASSOCIA~ 1 r~,S, P.C.
Certdicd Public Accountants • Suite 207Nail Nati«ul Bank Building/108 South Ftattage RwdNail, Colorado 81657 •303.47(x2277
Board of Directors
Vail Metropolitan Recreation District
Vail, Colorado
In planning and performing our audit of the financial statements of the Vail Metropolitan Recreation
District, (the District) for the year ended December 31, 1989, we considered iu internal control
structure in order to determine our auditing procedures for the purpose of expressing our opinion on
the financial statements and not to provide assurance on the internal control structure. However, we
noted certain matters that we consider to be reportable conditions under standards established by the
American Institute of Certified Public Accountants. Reportable conditions involve matters coming to
our attention relating to significant deficiencies in the design or operation of the internal control
structure that, in our judgment, could adversely affect the organization's ability to record, process,
summarize, and report financial data consistent with the assertions of management in the financial
statements.
The District's internal control structure consists of policies and procedures established by
management to provide reasonable, but not absolute, assurance that the financial data are recorded,
processed, summarized, and reported consistent with the assertions embodied in the financial
statements. In establishing those policies and procedures, management assesses their expected
benefits and related costs. Because of the inherent limitations in any internal control structure,
errors or irregularities may nevertheless occur and not be detected. Also, projection of any
assessment of the internal control structure to future periods is subject to the risk that policies or
procedures may become inadequate because of changes in conditions or that the degree of
compliance with the policies or procedures may deteriorate.
We noted the following reportable conditions:
Gol f
Starter sheets are not being reconciled to the daily sheets. The starter sheets should be reconciled in
order to improve control over golf receipts. If the reconciliation is not feasible, the District should
consider triplicating the receipt given to the player, with one copy kept at the pro shop, one at the
starter shack and the third by the player. The starter shack receipts could be reconciled by the
administration office to verify the daily sheets.
Void golf passes were not kept. The void golf passes should be kept with unsold passes so sales can
be verified.
Professionals are allowed to ring their sales into the cash register used by the District and can also
remove cash from the drawer. All monies from sales should be deposited with the District with a
check then being issued to the Professionals for the sales due them.
Donald J. McMahan, C.P.A.
Andrew W. Armstrong, C.P.A. ~
Stephanie L. Novosad, C.P.A.
Members of American Institute of Certified Public Acoountanu
•
Board of Directors
Vail Metropolitan Recreation District
Page 2
Tennis
Professionals are allowed to ring their sales into the cash registers used by the District and can also
remove cash from the drawer. All monies from sales should be dep~~sited with the District with a
check then being issued to the Professionals for the sales due them.
Cash Disbursements
49 of 50 purchase orders tested were not dated before the invoice date. The District should either
require the purchase orders be signed before purchases aze made or change their purchase order
policy to acknowledge that purchase orders are used as payment authorization only.
Outdoor Ice Rink
Ice rink revenues were netted against Nordic Center expenses before monies were submitted to the
District. These transactions should be handled sepazately with gross; revenues deposited with the
District and expenses paid through the disbursement system.
No daily reconciliations of revenues were prepared for the Outdoor Ice Rink. The District should
require daily reconciliations to be prepared. We noted that the District was correcting this problem
in 1990.
Dobson Ice Arena
Special group rates aze not indicated on daily sheets. Special rates ;and proper authorization should
be indicated on daily reconciliation sheets.
Budttet
The Budget was amended numerous times during the fiscal year. Irn. order for the Budget to be an
effective management tool, it should not be amended except for unusual or infrequent items.
General
Several outstanding checks had been replaced with new checks without being voided. When
replacement checks are issued, the old check should be voided.
The District should review its procedures for reporting taxable compensation of the District's
employees and the Board of Director to the Internal Revenue Service. Items the District should
consider reporting that may be considered 'taxable compensation' are recreation passes, free use of
recreational facilities, end of season bonuses and other bonuses.
Board of Directors
_ Vail Metropolitan Recreation District -
Page 3
Violation of State Statutes
The contractor that performed the construction on the Tennis Facility did not have a performance
bond before work commenced. This may be a violation of State statute. We noted that the
contractor acquired a bond that became effective on January 1, 1990.
This report is intended solely for the information and use of the Board of Directors and others within
the organization.
We will be pleased to discuss the above matters with you.
Very truly yours,
VAC liua ~a v~ , Gi w~-~ s ~ ~ Q S ~oc?.~.~c S ' ~ .
McMahan, Armstrong & Associates, P.C.
June 15, 1990
r•
Vail Metropolitan Recreation District
Eagle County, Colorado
Financial Statements
December 31, 1989
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i
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• Vail Metropolitan Recreation District
Eagle County, Colorado -
Financial Statements
December 31, 1989
Table of Contents
Page
- Independent Auditors Report 1
Balance Sheet 2
Statement of Revenues,
Expenses and Changes in
Retained Earnings 3
Statement of Cash Flows 4
• Notes to the Financial Statements S - 14
Supplemental Schedules:
Statement of Revenues and
Expenses -Budget (Non-GAAP Basis
With a Reconciliation to GAAP Basis)
and Actual 15
r
t.
• i
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MCMAHAN, ARMSTRONG & ASSOCIA~ 1 ~,S, P.C.
Certified Public Accountants • Suite 207/Vail Natwnal Bank Building/IOR South Frontage Road/Vail, Colorado 81657 •303-476.2277
INDEPENDENT AUDITOR'S REPORT
Board of Directors
Vail Metropolitan Recreation District
Vail, Colorado
We have audited the accompanying general purpose financial statements of the Vail Metropolitan
Recreation District as of December 31, 1989 and for the year then ended, as listed in the table of
contents. These general purpose financial statements are the responsibility of the District's
management. Our responsibility is to express an opinion on these general purpose financial
statements based on our audit.
We conducted our audit in accordance with generally accepted auditing standards. Those standards
require that we plan and perform the audit to obtain reasonable assurance about whether the
general purpose financial statements are free of material misstatement. An audit includes examining,
on a test basis, evidence supporting the amounts and disclosures in the general purpose financial
statements. An audit also includes assessing the accounting principles used and significant estimates
made by management, as well as evaluating the overall financial statement presentation. We believe
that our audit provides a reasonable basis for our opinion.
In our opinion, the general purpose financial statemenu referred to above present fairly, in all
material respects, the financial position of the Vail Metropolitan Recreation District as of December
31, 1989, and the results of its operations and cash flows for the year then ended in conformity with
generally accepted accounting principles.
Our examination was made for the purpose of forming an opinion on the general purpose financial
statements taken as a whole. The supplemental information is presented for purposes of additional
analysis and is not a required part of the financial statements. The information has been subjected
• to the auditing procedures applied in the examination of the financial statements of the District and
in our opinion, is fairly stated in all material respects in relation to the financial statements taken as
a whole.
' McMahan, Armstrong & Associates, P.C.
June 15, 1990
Donald f .McMahan, C.P.A. ~
. Andrew W. Armstrong, C.P.A.
Stcphanic L. Novoaad, C.P.A.
Members of Arrxrican Institute of Ccrtified Public Accountants
1
,
Vail Metropolitan Recreation District '
Eagle County, Colorado
Balance Sheet _
December 31, 1989
Assets:
' Current Assets:
Cash 200,699
Accounts receivable 37,291
Due from Eagle County Treasurer 2,009
Due from Town of Vail 127
Prepaid expenses 26.088
Total Current Assets 266.214
Property taxes receivable 436.227
Equity in deferred compensation plan assets 20.417
' Fixed Assets:
. Plant/property 3,038,384
Equipment 822.348
Subtotal 3,860,732
v Less accumulated depreciation (1.151.006)
• Total Fixed Assets 2.709.726
Total Assets 3,432.584
Liabilities and Fund Equity:
Current Liabilities:
Accounts payable 65,818
' Deferred revenue 3,000
Deposits-events 17,100
Due to others 4,508
Accrued interest payable 770
Current portion long-term debt:
General Obligation Bonds 60,000
Lease payable 1.946
Total Current Liabilities 153.142
Deferred property taxes 436.227
Deferred plan compensation -due to employees 20.417
Long-term debt:
General Obligation Bonds 120,000
Lease payable 9.257
Subtotal 129,257
' Less current portion (61.946),
Total Long-term debt 67.311
Total Liabilities 677.097
r
Fund Equity:
` • Contributed Capital, net of accumulated amortization 78,030
Retained Earnings:
Unrestricted 2.677.457
Total Fund Equity 2.755.487
• Total Liabilities and Retained Earnings ~ 3._432.584
The accompanying notes are an integral part of the::e financial statements.
2
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' Vail Metropolitan Recreation District
' Eagie County, Colorado
Statement of Revenues, Expenses and Changes in Retained Earnings
For the Year Ended December 31, 1989
Operating revenues:
Charges for services 1.753,594
Total operating revenues 1.753.594
Operating expenses:
Cost of services 2,137,604
Depreciation 177.249
Total operating expenses 2.314.853
Operating (loss) (561.259)
Non-operating revenues (expenses):
Taxes 439,825
Intergovernmental 549 951
Miscellaneous 45,049
Interest (32,478)
Total non-operating revenue (expenses) 1.002.347
Net income 441.088
Increase in Retained Earnings due to amortizarion
of Contributed Capital 4.981
Net change in Unrestricted Retained Earnings 446,069
' Retained earnings -beginning of year 2.231.388
Retained earnings -end of year 2.677.457
f '
The accompanying notes are an integral part of these financial statements.
' 3
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• ~ Vail Metropolitan Recreation District
Eagle County, Colorado
Statement of Cash Flows
For the Year Ended December 31, 1989
Cash Flows From Operating Activities:
Cash received from customers 1,730,211
Cash paid for goods and services (1,169,237)
Cash paid to employees (934.1301
Net Cash (Used) by Operating Activities I (373.1561
Cash Flows From Noncapital Financing Activities:
Tax receipts collected by other governments 439,505
• Lottery proceeds collected by other governments 9,962
Cash subsidy from other governments 549.951
Net Cash Provided From Noncapital Financing Activities I 999.418
Cash Flows From Capital and Related Financing Activities:
Cash paid for capital acquisition, construction, or improvement (269,789)
Principal repayments (60,000)
• ' Interest paid on principal (13,890)
Cash paid for capital leases (353 264)
Interest paid on lease/purchases (22.382)
Net Cash (Used) by Capital and Related Financing Activities (719.3251
Cash Flows From Investing Activities:
Cash received from interest on deposit accounts 35.087
Net Cash Provided From Investing Activities II 35.087
Net (Decrease) in Cash { (57.9761
Cash, January 1 258.675
Cash, December 31 i 200.699
. Reconciliation of Operating (Loss) to Net Cash (Used) by Operating Activities:
• Operating (loss) (561.2591
' Adjustments to Reconcile Net Income to Net
Cash Provided by Operating Activities:
Depreciation expense 177,249
(Increase) in accounts receivable (33,483)
(Increase) in prepaid expense (6,958)
' increase in accounts payable 36,687
Increase in defen:ed revenue 3,000
Increase in deposits-events 7,100
. • Increase in due to others 4.508
Total adjustments 188.103
Net Cash Provided by Operating Activities (373.1561
The accompanying notes are an integral part of these financial statements.
- 4
1 ~
. Varl Metropolitan Recreation Drstnct
- Eagle County, Colorado
Notes to the Financial Statements
. December 31, 1989
1. ~ Summary of Sisrr?ificant Accounting Policies
, . The Vail Metropolitan Recreation District (the District) is aquasi-municipal corporation
organized and operated pursuant to provisions set forth in the Colorado Special District Act.
The District was established to provide recreational facilities and services within its
boundaries. The District is located in Eagle County, Colorado.
The financial statements of the District have been prepared in conformity with generally
accepted accounting principles (GAAP) as applied to government units. The Governmental
• Accounting Standards Board (GASB) is the accepted standard-setting body for establishing
governmental accounting and financial reporting principles. The more significant of the
' government's accounting policies are described below.
A. Reporting Entity
1n evaluating how to define the District, for financial reporting purposes, management
• has considered all potential component units. The decision to include a potential
component unit in the reporting entity was made by applying the criteria set forth in
GAAP. The basic, but not the only, criterion for including a potential component unit
. within the reporting entity is the governing body's ability to exercise oversight
responsibility. The most significant manifestation of this ability is financial
interdependency. Other manifestations of the ability to exercise oversight responsibility
include, but are not limited to, the selection of governing authority, the designation of
management, the ability to significantly influence operations, and the accountability of
fiscal matters. A second criterion used in evaluating potential component units is the
scope of public service. Application of this criterion involves considering whether the
activity benefits the government and/or its citizens, or whether the activity is conducted
within the geographic boundaries of the government and is generally available to its
citizens. A third criterion used to evaluate potential component units for inclusion or
exclusion from the repomng entity is the existence of special financing relationships
regardless of whether the government is able to exercise oversight responsibilities.
Based on these criteria, the District does not exercise oversight responsibility over any
• other entity, nor is the District a component unit of.any other governmental entity.
• ~ B. Pronrietarv Fund Accounting
The District utilizes a proprietary fund type known as an 'enterprise fund'. The
• enterprise fund accounts for operations that are to be financed and operated in a
manner where the intent is that the costs of providing goods and services to the general
public on a continuing basis be financed or recovered primanly through user charges.
C. Basis of Accounting
The proprietary fund is accounted for on a flow of economic resources measurement
focus. With this measurement focus, all assets and all liabilities associated with the
operation of the fund are included in the balance sheet. Fund equity (i.e., net total
assets) is segregated into retained earnings components. Progirietary fund-type operating
statements present increases (e.g., revenues) and decreases (e.g., expenses) in net total
assets.
. S
r
' Vail Metropolitan Recreation District
Eagle County, Colorado
Notes to the Financial Statements
December 31, 1989
' The accrual basis of accounting is utilized by the proprietary fund type. Under~this
method, revenues are recorded when earned and expen:>es are recorded at the time
liabilities are incurred.
D. Fixed Assets and Depreciation
. The District adopted a policy during the focal year 198'7 to capitalize expenditures for
plant property and equipment that exceed $500. Accordingly, all non-recovered assets
less than $500 have been removed from the balance sheet.
Depreciation on fixed assets is computed on the straight: line basis over useful lives
ranging from five (5) to twenty-five (25) years. Depreciation is not provided on the cost
of land improvements to the golf course because these :?re permanenti assets. Major
repairs and maintenance costs are expensed in the year of the improvement.
• E. Budgets and BudQetarv Accounting
' The District annually adopts a budget of anticipated revenues and expenses for the
ensuing year as required by Colorado Statutes. The budget is adopted on a Non-GAAP
and is reconciled to the GAAP basis below:
(Deficiency) of Revenues Over Expenses:
Non-GAAP Basis $(58,342)
Adjustments:
Capital outlay capitalized 265,044
Debt service principal 411,635
• Depreciation (177.249)
Net Income • GAAP Basis $441.088
Budget Calendar
' As required by Colorado statutes, the District follows required timetables in preparing,
approving, and enacting its budget for the ensuing year. The following is a summary
of the budget calendar for the 1990 budget year: '
1. For the 1990 budget, prior to December 15, the County Assessor sent to the
• District a certified assessed valuation of all taxable property within the District's
boundaries.
_ 2. On or before September 20, the District accounta~it submitted to the District's
Board of Directors a recommended budget which detailed the necessary property
: taxes needed along with other available revenues to meet the District's operating
requirements.
i.
3. For the 1990 budget, prior to December 22, the District computied and certified to
the County Commissioners a rate of levy that derived the necessary property taxes
as computed in the proposed budget.
6
.
• Vail Metropolitan Recreation District
Eagle County, Colorado
Notes to the Financial Statemenu
December 31, 1989
4. After a required publication of 'Notice of Proposed Budget" the District adopted
the proposed budget and an appropriating resolution which legally appropriated
expenditures for the upcoming year. In 1989, this final step was to have been
enacted prior to December 31.
S. After adoption of the budget resolution, the District may make the following
_ changes: (a) supplemental appropriations to the extent of revenues in excess of
the estimated in the budget; (b) emergency appropriations; and (c) reduction of
appropriations for which originally estimated revenues are insufficient.
• 6. All appropriations lapse at year-end.
Taxes levied in one year are collected in the succeeding year. Thus taxes certified in
1988 were collected in 1989 and taxes certified in 1989 will be collected in 1990.
Taxes are due on January 1st in the year of collection; however, they may be paid in
either one installment (no later than April 30th) or two equal installments (not later
than February 28th and July 31st) without interest or penalty. Taxes which are not
paid within the prescribed time bear interest at the rate of one percent (1%) per month
until paid. Unpaid amounu and the accrued interest thereon become delinquent on
August 1st.
F. Encumbrances
Encumbrance accounting, under which purchase orders, contracts, and other
commitmenu for the expenditure of monies aze recorded in order to reserve that portion
of the applicable appropriation, is not employed by the District because it is at present
considered not necessary to assure effective budgetary control or to facilitate effective
cash planning and control.
G. Property Taxes
Property taxes in the State of Colorado are assessed in one year as a lien on the
property, but not collected by the government units until the subsequent year. In
accordance with generally accepted accounting principles, the assessed, but not
collected, property taxes have been recorded in the accompanying financial statements as
a receivable and as deferred revenue.
H. Prepaid Expenses
• Paymenu made to vendors for services that will benefit periods beyond December 31,
1989, are recorded as prepaid expenses.
I. Fund Equity
Contributed capital is recorded in a proprietary fund that has received capital grants,
contributions from developers, customers, or other govemmenu. Contributed capital is
amortized over the estimated useful lives of the contributed assets.
' Vail Metropolitan Recreation District:
Eagle County, Colorado
Notes to the Financial Statements
December 31, 1989
2. Cash on Deposit
A. Legal Provisions and Authorization for Deposits
The Colorado Public Deposit Protection Act (PDPA) requires that all units of local
government deposit cash in eligible public depositories; ~:ligibi7ity is determined by state
regulators. Amounts on deposit in excess of Federal insurance levels must be
collateralized. The eligible collateral is determined by tree PDPA PDPA allows the
institution to create a single collateral pool for all public funds. The pool is to be
maintained by another institution or held in trust for all the uninsured public deposits
as a group. The market value of the collateral must be ,at least equal to the aggregate
uninsured deposits.
At December 31, 1989, the District's cash deposits wereentirely insured or collateralized
with securities held by the enrit}~s agents as described above and had bank balances of
$249,080 of which $100,000 was covered by FDIC insurance and $149,080 was required
to be collateralized in institutional pools.
B. Reconciliation of Cash and Investments
Cash on hand and in banks consists of petty cash, cash drawers, and checking accounts.
Investments -Deferred Compensation Plan Assets represenu the Distri'ct's ownership of
employee deferred compensation contributions and invesr:ed by the Inter City
Management Association Retirement Corporation.
Investments
Cash on Deferred
Hand and Compensation
In Banks Plan Assets
Cash on hand $ 1,500
Checking accounts 199,199
Deferred Compensation
Plan investment pool 20.417
Total $200.699 20,417
C. Definition of Cash
• For purposes of the cash flow statement, the District defines cash to be amounts on
hand and in checking accounts.
3. Conservation Trust Fund Entit]ement
As a result of the State of Colorado lottery, the District received $9,962 during 1989 based
' upon a formula considering population within the District The funds are restricted under
the State Conservation Trust Fund statutes to acquisition, dev~elo~ment and maintenance of
parks and recreation facilities.
g
Vail Metropolitan Recreation District _
Eagle County, Colorado
Notes to the Financial Statements
December 31, 1989
4. Summary of Fixed Assets
A. A summary of fixed asset and accumulated depreciation at December 31, 1989 is as
follows:
Fixed Accumulated Net Fixed
Assets Depreciation Assets
" Plant and Property:
Dobson Ice Arena $233,002 181,835 51,167
Tennis 278,238 236,159 42,079
Construction in
progress -tennis 220,993 220,939
Golf 2,297,429 229,981 2,067,448
Other 8.776 3.938 4.838
Subtotal 3.038.384 651.913 2.386.471
' Equipment:
Dobson Ice Arena 133,186 96,615 36,571
. Tennis 18,138 12,269 5,869
Golf Course 617,735 359,097 258,638
Other 53.289 31.112 22,177
Subtotal 822.348 499.093 323.255
Total $3.860.732 1.151.006 2.709.726
B. A summary of changes in fixed assets for the year ended December 31, 1989:
Balance Balance
1 1 89 Additions 12/31/89
Plant/properry:
Dobson Ice Arena $233,002 233,002
' Tennis 278,238 278,238
Construction in
progress -tennis 220,939 220,939
" Golf 2,295,507 1,922 2,297,429
Other 8.776 8.776
Subtotal 2.573.745 464.639 3.038.384
Equipment:
Dobson Ice Arena 133,186 133,186
Tennis 18,138 18,138
Golf 586,904 30,831 617,735
` Other 53.289 53.289
Subtotal 605.042 217.306 822,348
Total $3,178,787 681.,945 3,860.732
9
r~
- Vail Metropolitan Recreation District .
Eagle County, Colorado `
Notes to the Financial Statements
December 31, 1989
5. Lonst-Term Debt
The District had outstanding at December 31, 1989 $129,257 of debt principal related to a
lease purchase agreement and general obligation bond indebtedness of which $61,946 was
currently payable and $120,000 payable in future years consisting of the following:
A. Covier Lease-Purchase Astreement
On December 31, 1988, the District entered into alease-purchase agreement for a copier
which has been capitalized at $10,886. The lease is annually cancellable with thirty
• (30) days written notice. The lease details aze:
1. Monthly payments of $229, commencing February,, 1989 and ending January,
1994. Interest rate of 9.55%
, 2. 'Purchase option of $1,088 at the end of the lease, or the remaining lease
obligation anytime during the lease period.
Principal Interest Total
1990 $1,946 800 2,746
1991 2140 606 2,74b
1992 2,354 392 2,746
1993 2,589 157 2,746
1994 228 1 229
. Total $9.257 1,956 11.213
B. General Obligation Bonds
The District had outstanding at December 31, 1989 $120,000 of principal on general
obligation bonds. The aggregate annual requirements to amortize the bond principal
• and interest is as follows:
Series December 1, 1974 Bonds, $450,000 original issue. Dated December 1, 1974,
interest rates ranging from 7.65% to 8%; Due serially );~ecember 1, with June and
December coupon dates.
The following is the amortization schedule:
Year Principal ]nterest Total
1990 $ 60,000 9,240 69,240
1991 60.000 4.590 64.590
' Total $120,000 13 :830 133_830
10
• - Vail Metropolitan Recreation District
' Eagle County, Colorado
Notes to the Financial Statemenu
. December 31, 1989
' Principal and interest requirements in the District's general obligation bonds are to be
met through tax assessments on taxable property within the District. Operating revenue
may also be used for principal and interest payments if tax collections aze not sufficient
for this purpose.
Under a resolution adopted by the Board of Directors, all receipts from property tax
collections are required to be deposited into a separate bank account to be used for
' annual debt services. The property tax collections are not presently being deposited into
a separate account. The District has adopted a mill levy to produce property taxes in
excess of annual debt service and the excess is used to defray current operating
expenses.
6. Defined Contribution Pension Plan
The Town of Vail (the Town) offers a defined contribution pension plan which covers all
permanent paid employees for the Town and the District. In a defined contribution plan,
' benefits depend solely on amounts contributed to the plan plus investment earnings.
Employees are eligible to participate in the plan from the date of employment or the effective
date of the plan, January 1, 1983, whichever is later. The plan provides for contributions to
. be made by the District of 12.6% of regular compensation for the fast year of employment
and 17.6% thereafter. For employees hired after April 1, 1986, the District's contribution is
11.15% of regular compensation for the first year, and 16.15% thereafter. Employees have
the option to make voluntary contributions of 10% of their compensation. In the event of
long-term disability of an employee, the District's disability insurance will continue to make
contributions for the employee through age 60 at the rate on the date of disability.
For employees hired before July 1, 1986, vesting of the District's contributions to the
employees is 77.5% after the first year of employment with an additional vesting of 7.5°Y6 per
year through the fourth year, when vesting is 100%. For employees hired after June 30,
1986, vesting of the District's contributions to the employees is 20% after the first year of
employment with additional vesting of 20% per year through the fifth year, when vesting is
100%. if an employee dies, becomes disabled, or attains age 60, their entire interest in the
fund becomes vested; normal retirement age is 60 with early retirement at age SO and four
' years of service.
The annual pension cosu is the District's contributions less forfeitures from the prior year.
The plan's investments at December 31, 1989 of $5,027,074 are stated at market value. All
earnings, losses, expenses and changes in the fair market value of the trust fund will be
apportioned at least annually among the participants in proportion to each participant's
current share of the Trust Investment Fund. The District has no liability for unfunded future
' vested employee benefits.
The trustees of the plan are the Town Manager, Town Attorney, Town Administrative
Services Director, one representative from the Town Police and Fire Departments, and the
District Business Manager. Two plan administrators are elected by the trustees and at
December 31, 1989 were the Town Attorney and Town Administrative Services Director. The
. plan trustees determine how the plan assets are to be invested in adherence to an adopted
investment policy statement. The plan is reported in the financial statements of the Town of
Vail, Colorado.
11
- - Vail Metropolitan Recreation District .
Eagle County, Colorado ~ _
Notes to the Financial Statements
December 31, 1989
The total amount of the employees' current year covered payra~ll was $500,664, with a
current year payroll total of $924,348.
Changes in fund balance for the Town's and District's employee pension plan are as follows:
12/31/89
Balance, January 1 $5,435,771
Additions:
Employee contributions 14,930
Employer contributions 764,906
Interest and dividend income 453,409
Gains realized 341,930
Unrealized gains on market
value of investments 295.931
Total Additions 1,871,106
Deductions:
Benefits paid 183,901
Professional fees 100.910
Total Deductions 284.811
Balance December 31 $7.022.066
Investmenu of the plan are valued and accounted for at mark~:t value.
The District's required and actual contributions to the Plan were $88,117, with employees
contributing $1,620. The District's contributions represent between 12.6% and 17.6% of
covered payroll. See paragraph 1 for description of contributions.
7. Deferred Compensation Plan
The District offers its employees a deferred compensation plan. created in accordance with
• ~ Internal Revenue Code Section 457. The plan, available to all District employees, permits
. them to defer a pomon of their salary until future years. The deferred compensation is not
available to employees until termination, retirement, death or unforeseeable emergency.
All amounts of compensation deferred under the plan, all property and rights purchased with
those amounts, and all income attributable to those amounts, property, or rights are (until
paid or made available to the employee or other beneficiary) :solely the property and rights of
the District (without being restricted to the provisions of benefits under the plan subject
only to the claims of the District's general creditors. Participant's rights under the plan are
equal t:ho those of general creditors of the District in an amocint equal to the fair market
• • value of the deferred account for each participant.
The District has the duty of due care that would be required •of ~ ordinary prudent investor.
The District believes that it is unlikely that it will use the assets to satisfy the claims of
general creditors in the future.
12
,
• Vail Metropolitan Reueation District .
' Eagle County, Colorado
- Notes to the Financial Statements
December 31, 1989
8. Manartement Agreement
The District has a management agreement with the Town of Vail (the Town) which provides
budgeting and accounting, general administrative and computer services to the District. The
fee for these services was $38,581 in 1989.
On January 24, 1988, the Town transferred management and the related revenue and
' operating costs of operations of all recreational services of the Town to the District. The
agreement includes a license for the District to use the recreational facilities owned by the
Town. The District is to pay all operating costs of the faciities. The agreement also
provides that the Town will transfer all personal property and vehicles for use during the
lease. The District is to maintain this equipment. The Town is responsible for the debt
service on the facilities. The Town has agreed to contribute to the District a sum of
. $522,358 for 1989 and $543,243 for 1990, at which time the District will hold an election
and submit a mill levy increase to the authorized voters of the District. Should the mill levy
increase be approved, the Town shall take all steps necessary to reduce its mill levy. The
agreement with the District shall terminate on December 31, 1993, unless terminated by
breach of contract by either party.
9. Segment Information
The required segment information is disclosed in the financial statements.
10. Vacation and Sick Pav Benefits
The District has a policy allowing the accumulation of vacation and sick leave pay up to
certain maximum limits. The sick leave pay is partially insured by an independent insurance
company. Vacation pay has not been reflected in the attached statements because it does not
vest. Vacation and sick pay are approximately $52,052 and $134,977 at December 31, 1989.
11. Golf Course Land Lease
The District entered into two (2) leases, effective May 27, 1966 with private parties to
acquire the related ground rights for use as a public golf course. The terms of these leases
run for forty-nine (49) yeah from inception. Subsequently, on January 11, 1984, the Town
of Vail purchased the leased land from the original lessors. As a result, the Town of Vail
a assumed the original lessors' rights in the .leases with the terms and conditions remaining
essentially unchanged. Lease paymenu made to the Town of Vail were $70,000 in 1989
' with subsequent payments to be negotiated on an annual basis.
r.
• 13
' ~ Vad Metropolitan Recreation District
Eagle County, Colorado
Notes to the Financial Statements
December 31, 1989
. 12. Commitments and Conrinsrencies
Legal Claims
During the normal course of business, the District incurs claims and other assertions against
it from various agencies and individuals. Management of the District and their legal
representatives feel none of these claims or assertions are significant enough that they would
materially affect the fairness of the presentation of the financial statements at December 31,
1989.
13. Violation of State Statutes
The contractor for construction of the Tennis facility did not have a performance bond in
effect when work began on the Facility. This may be a violaticm of State statute. The
. performance bond was obtained and became effective January '1, 1990.
14. Subsequent Events
A. Tennis Facility Lease Purchase
On January 10, 1990, the District entered into alease/purchase agreement on the tennis
facility with GELCO Finance Corporation. The agreement is for $250,000 with 12
quarterly payments of $23,687 beginning May 22, 1990 and ending Febiuary 22, 1993.
B. Refund of Town of Vail Contributions
On April 20, 1990, the Board voted to refund $25,000 of the Town of Vail's 1989
operating contribution. See Note 8 for further explanation. of operating agreements and
. Town of Vail operating contributions.
• 14
Veil Metropolitan R~~,:~.tion Drstrirt
' Eagle County, Colorado
• Statement of Revenues and E..r ;...ses
Budget (Non•GAAP Basis With Recoru.rliation to GAAP Basis) and Actual
For the Year Ended D..;:...,ber 31, 1989
Variance
Favorable
Revenues: Budget Actual (Unfavorable)
Taxes:
General property taxes 411,000 416,344 5,344
Specific ownership taxes 16,000 20,510 4,510
Delinquent taxes and interest 5.000 2.971 f2.029~
Total Taxes 432.000 439.825 7.825
Intergovernmental Revenues:
' Town of Va~7 contzact/subsidy 527,433 538,068 10,635
Other Town of Vad payments 11.883 11.883
Total Intergovernmental Revenues 539.316 549.951 10,635
' Charges for services:
General recreation programs 211,160 205,672 (5,488)
Nature center 6,000 6,997 997
Potpourri 28,000 33,945 5,945
Youth center 8,400 14,414 6,014
Dobson ice arena 463,130 462,163 (967)
Golf 1,005,150 989,772 (15,378)
Tennis 280,800 33,819 (246,981)
Miscellaneous 16.000 6.812 (9.188)
• Total Charges for Services 2.018.640 1.753.594 (265.0461
• Other revenues:
Interest 5,600 35,087 29,487
Proceeds from Conservation trust 8.270 9.962 1.692
Total Other Revenues 13.870 45.049 31.179
Total Revenues 3.003.826 2.788.419 (215.4071
Expenditures:
Cost of services:
General recreation programs 191,755 209,880 (18,125)
Nature center 49,258 45,531 3,727
Potpourri 28,200 29,513 (1,313)
General recreation overhead 92,859 94,384 (1,525)
Youth center 136,506 141,429 (4,923)
Dobson ice arena 597,930 573,193 24,737
Tennis 546,179 296,494 249,685
Aquatic center 36,500 35,418 1,082
General administrative 452,380 438,364 14,016
Golf Course:
Course maintenance 305,559 296,272 9,287
Equipment maintenance 78,700 50,370 28,330
Clubhouse operations 188.961 196.545 (7.584)
Total Cost of Services 2.704.787 2.407.393 297,394
Debt Service:
Principal 412,051 413,264 (1,213)
' ' Interest 35.573 32.478 3,095
Total Debt Service 447.624 445.742 1.882
Total Expenditures 3.152.411 2.853.135 299.276
(Deficiency) of Revenues Over E..,.:...ditures (Non-GAAP Basis) 164.716)
' Reconcr7iation of Budges Basis to GAAP Basis:
~ Capital outlay 269,789
Debt service 413,264
Depreciation f 177.2491
Net Income (GAAP Basis) 441,088
The accompanying notes aze an integral part of these fu~anc~al statements.
15
VAIL METROPOLITAN RECREATION DISTRICT
FINANCIAL REPORT
FOR MONTH ENDING JUNE 30, 1990
REVENUES AND EXPENDITURES BUDGET-ACTUAL ................PAGE 1 - 3
JUNE 30, 1990
SCHEDULE OF GENERAL RECREATION REVENUE & EXPENSES......PAGE 4
SCHEDULE OF ICE ARENA REVENUES & EXPENSES
FOR PROGRAMS & ICE RENTALS ........................PAGE 5
SCHEDULE OF ICE ARENA REVENUES & EXPENSES
FOR SPECIAL EVENTS ................................PAGE 6
CASH S1JNII~iARY ...........................................PAGE 7
r
Vail Metropolitan Recrestion District PG 1
Revetxxs and Experditures BudBet-Aetual
Month Ending JUNE 30, 1990
CUR PER CUM YTD CUM YTD X Of 1990 1990 REVISED
JUNE 90 JUNE 89 JUNE 40 BUDGET BUDGET 90 BUDGET
Golf Reverwes
Golf passes 23,850 96,240 98,085 87.9 111,600 111,600
Green fees 93,768 128,552 137,070 21.1 650,000 650,000
Cart rentals 30,179 42,388 42,%1 27.1 157,000 157,000
Clubhouse lease 8,250 19,250 19,250 58.3 33,000 33,000
Net Range 0 0 0 0.0 12,000 12,000
Total Reverxu 156,047 286,430 297,366 30.9 %3,600 %3,600
Golf Expenses
Golf Course Maintenance 35,816 149,281 126,044 40.7 309,426 309,426
Equipment Maintenance 12,029 31,093 37,586 64.9 57,900 157,900
Clubhouse Operations 42,344 74,398 95,234 42.9 221,758 225,158
Total Expenses 90,189 254,772 258,864 43.9 589,084 42,484
Golf Reverxx Over (Under) 65,858 31,658 38,502 10.3 374,516 371,116
Expenses sssssaassassaaassaaaasassessssasassaasasssasasssra:;sxssaaaa:saassa:asassa
Terris Reverxx 5,828 9,027 6,590 18.8 35,100 35,100
Terris Expenses 16,652 27,910 23,764 30.8 77,259 77,259
Terris Reverwe Over (Under) i.......
Expenses (10,824) (18,883) (17,174) L0.7 (42,159) 42,159)
ccsea.ssasaasssasaxasaaasa asssassaaa_ _
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I
ice Arena Revenues 63,152 228,960 203,632 1 36.6 556,830 156,830
Ice Arena Expenses -__--.57,032.----.316;126-..••-242:689 1 •-.36:6.•---.662:728.•--•-~2~T28~
Ice Arena Revenue Over (Under)
Expenses 6,120 (87,166) (39,057) 36.9. 1105,898) (tI05,898)
saaaaaxaa:aasaasaaa.aa.aa...asssasacsaasaaaas...aa::~ssasaasss====I=a.asas
Gen Rec Reverxus 41,096 124,769 %,602 38.6 250,530 250,530
Gen Rec Expenses 58,880 169,422 218,Sib 40.6 537,b42 SI ,142
I
General Rec Revenue Over
(Under) Expenses (17,784) (44,653) (121,914) 42.5 1;287,112) (293,612)
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PO 2
CUR PER CUN YTD CUM YTD X of 1490 1490 REVISED
JUNE 90 JUNE 84 JUIIE 90 BUDGET BUDGET 90 BUDGET
Other Expenses:
VMRD Administration 41,661 202,028 207,204 49.2 420,900 450,150
Aquatic Center O 7,%5 0 0
Park Maintenance 1,556 3,683 12.6 29,182 24,182
43,017 202,028 218,852 48.6 450,082 479,332
Totat Operating Reverxx Over
(Under) Expenses 353 (321,072) (358,495) 70.2 (510,735) (544,885)
maeaesaaemao:=aaaaesaaamzaeaeeaseseacme=seaaaeeaaaeeseeaseezaeeeaaseesaesm
Non Operating Revenues
Interest Income 4,509 12,056 10,435 54.7 20,000 20,000
Town of Vail Contract 0 203,543 178,826 32.9 543,243 543,243
Other TOV Payments 0 0 0 0.0 24,000 24,000
Property/epee own taxes 132,522 314,653 323,216 71,5 451,425 451,925
lottery proceeds 0 0 2,457 47.3 5,200 5,200
Misc Revenue 1,251 3,400 3,177 33.4 4,500 22,000
138,282 533,702 518,611 49.2 1,053,868 1,066,368
Non Operating Expenses
Debt Service 0 157,061 28,492 12.0 238,374 238,374
Net Non Operating Revenue 138,282 376,641 490,114 60.1 815,444 827,494
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PG 3I
CUR PER CUM TTD CUM YTO X of 1990 1990 REr
JUNE 90 JUNE 89 JUNE 90 BUDGET BUDGET 90 1
........... ........... ........... ........ ............ ....
Capital Projects
ISED
Loan Proceeds-tennis constr 0 250,000 0 0
Capital Outlay
Golf Course improvements 55,040 3,803 77,328
3 46.7 165,708 1 65,708
Ford Park Tennis Courts 69,087 14,975 239,699 0 58,320
Running Track 0 0 0 0
Dobson Water Neat Exchg 0 0 0.0 9,000 9,000
Dobson Neat Exchanger 0 0 0.0 17,000 0
Dobson Rinktex Floor Repl 0 0 0.0 15,000 15,000
Golf Carts-Cap Res Accrual 3,000 18,000 51.4 35,000 35,000
Dobson-lamb/Refrig Cap Res 742 4,452 50.0 8,896 8,896
Net Capital outlay 127,869 18,778 89,479 35.7 250,604 •2 91,924.
Total Revenue Over (Under)
Expenses 10,766-- -- 36,791 42,145 77.8 54,155 (13,815)
-------------
Beginning Fund Balance 1/1/90 91,149
Ending Fund Balance 6/30/90 133,294
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Budgeted Fund Balance 12/31/90
91,149 91,149
.........................
1
145,304 77,334
Schedule of 1990 General Rst Revenues i Expenses PG ~
Month EncllnB JUNE 30, 1990
REVENUES EXPENSES
ACTUAL PERCENT ACTUAL PERCENT MET REV
BUDGET Ctas YTD YTD BUDGET Cue TTD TTD OR <LOSSa
GEN REC PROGRAMS
VOLLEYBALL TOURN 510,750 (7,388 68.7 !6,340 !6,852 108,1 1536
SOfTBALI LEAGUES (30,000 (24,425 81.4 !28,253 (8,495 30.1 (15,930
SOFTBALL TOURNAMENT !14,300 (2,445 17.1 !11,138 51,185 10.6 f1, 260
SOCCER LEAGUES !3,950 52,%1 75.0 (5,225 !398 7.6 52,563
SOCCER CAMP 565,800 !19,300 29.3 (60,350 !13,850 22.9 55,450
FOOTBALL CAMP 5880 50 0.0 5880 f0 O,0 f0
BASKETBALL CAMP 11,050 1210 20.0 1750 5245 32.7 (535)
VOLLEYBALL CAMP 52,800 !1,625 58.0 !1,650 5758 45,9 5867
SPECiAI PROGRAMS (10,500 1220 2.1 (12,250 !14,000 114.3 (513,780)
GEN REC RACES !10,000 (1,568 15.7 (7,970 i2, 170 27.2 (5602)
!150,030 (60,142 40.1 (134,806 547,953 35.6 512,189
RED SANDSTONE PROGRAMS
OPEN GYM (1,800 !1,559 50 50 51,559
SOCCER 1800 1830 103.8 1570 f579 101.6 5251
BASKETBALL (4,800 !1,280 26.7 52,400 !1,204 50.2 176
VOLLEYBALL 52,880 (1,290 44.8 !1,000 5882 88.2 1408
AFTER SCHOOL (8,300 !4,451 53.6 !1,650 1320 19.4 (4,131
GYMNASTICS f13,200 56,178 46.8 516,320 (5,389 33.0 5789
GYMNASTICS CAMP 520,000 50 0.0 517,390 534 0.2 (534)
!51,7'80 (15,588 30.1 !39,330 58,408 21.4 !7,180
POTPOURRI CAMP !33,520 114,1% 42.4 !33,518 (12,383 36.9 (1,813
OUTDOOR ICE RINK 50 i3, 113 50 f7,077 (53,964)
NATURE CENTER !7,000 5337 4.8 560,609 515,025 24.8 (514,686)
GEN REC OVERHEAD/MISC 5117,663 !65,790 55.9 (565,790)
sasaesasssess=ssssssrssosases¢so_ sssaasssssas:essasssnssszsassssasxssass
1242,330 f93,376 38.5 5385,926 5156,634 40.6 (563,258)
YOUTH CENTER 58,200 (3,226 39.3 5151,716 (61,882 40.8 (558,656)
(250,530 f96,602 38.6 5537,642 !218,516 40.6 (5121,914)
sssssaassssssessesssssseossss:sssssssssssss___ assssss =saassssssasssasss
Schedule of 1990 Ica Rink Revenues i Expenses PG S
Programs and Lee Rentals
Month ErdinB JUNE 30, 1990
REVENUES DIRECT EXPENSES
ACTUAL PERCENT ACTUAL PERCENT MET REV
BUDGET Cum YTD YTD BUDGET Cum YTD YTD OR <LOSS>
PUBLIC SKATING
PASSES =5,400 5517 9.6
GUEST FEES 540,000 125,108 62.8
SKATE RENTAL (15,000 (9,868 65.8
560,400 (35,493 58.8 535,493
FIGURE SKATING SCHOOL 581,000 566,234 81.8 639,800 517,816 44.8 648,418
SKATING CLASSES 55,0(10 14,609 92.2 (5,000 53,600 72.0 51,009
JR HOCKEY 519,000 5540 2.8 51,100 SO 0.0 5540
LADIES ROCKET 55,000 5587 11.7 5587
HENS HOCKEY 59,000 53,776 42.0 10 l13b 53,640
SKATING CLUB OF VAIL (18,000 (9,272 51.5 59,272
SUMMER HOCKEY CAMPS 528,750 530,335 105.5 517,375 (14,548 83.7 515,787
EAGLE COUNTY SCHOOL 52,500 5178 7.1 5178
CONCESS i VENDING 565,000 520,137 31.0 144,338 513,745 31.0 56,392
SKATE SHARPENING 52,000 51,348 67.4 51,348
LOCKER REVENUE f1,S00 5441 29.4 5441
RINK RENTAL 528,080 51,465 51,465
HOUSE SERVICES 56,000 51,292 51,292
5331,230 =175,707 53.0 5107,613 549,845 46.3 5125,862
SPECIAL EVENTS
(Sec Page 6.) 5221,600 524,220 10.9 5161,608 57,751 4.8 f1b,469
5552,830 5199,927 36.2 5269,221 557,596 21.4 5142,331
D08SON OVERHEAD/MISC 54,000 53,705 92.6 5393,507 5185,093 47.0 (5181,388)
seeeeaw-a.ae.assasa=ao..xae.neeseeceoe...=e.eo.z.a..ooaaz..eeecs.ss=oa:s
5556,830 1203,b32• 36.6 Sb62,728 5242,689 36.6 (539,057)
Scheduta of 1990 Special Event PG 6
Revenues and Expenses
Month Ending JUNE 30, 1990
REVENUES DIRECT EXPENSES
ACTUAL PERCENT ACTUAL PERCENT MET REY
EVENT DAIS BtAGET Cum 1'TO YTO BUDGET Cum TTD YTD OR <LOSS>
NBO Show 4 14,800 56,265 130.5 11,867 14,398
Vail Rocks 1 (2,500 (2,500 100.0 :2,500
American Ski Classic 1 52,500 50 0.0 50
Nall i Oates Concert 1 f0 f1, 500 (1,500
Volleyball Tournament 2 (2,400 12,000 83.3 579 fi,921
No Check Tournament 4 54,800 52,535 52.8 12,535
Future Bus Ldrs of Amer 2 50 (6,000 (6,000
Symph of Sports 7 591,000 50 0.0 592,585 1685 0.7 (5685)
PSGA 2 52,400 11,920 80.0 567 51,853
Figure Skating Comp 4 54,800 50 0.0 50
Kent Feeds Ice Show 1 52,500 f1, 500 60.0 51,500
Ice Oance Weekend 3 53,600 50 0.0 50
Yorld Vide COG 9 59,600 f0 0.0 f0
Ski Swap 3 53,600 f0 0.0 50
YJN Tournament 4 54,800 50 0.0 50
Kraft Yestman 3 57,500 50 0.0 f0
Nutcracker 4 54,800 50 0.0 f0
Christmas Show 4 570,000 t0 0.0 552,817 50 0.0 50
New Year's Eve 1 50 f0 f0
Spec Event Overhead 516,206 55,053 31.2 (55,053)
5221,600 524,220 10.9 5161,608 57,751 4.8 516,469
i
PG 7
Vail Metropolitan Recreation District
Cash fumisry
North Ending JUNE 30, 1990
NOY Payroll
Account Account Total
Bap Balance 6/01/90 1214,107 (f39,302> 1174,805
Receipts 1345,%5 1239,970 1585,935
Disbursements (1425,307) (1250,675) (5675,982)
Ending Balance 6/30/90 1134,765 (550,007) 184,758
• MOTE: This excludes a capital reserve of 185,852.
FINANCIAL REPORT FOOTNOTES - JUNE
1.) Dobson Arena revenues and expenditures are substantially below
50$ of budget (halfway into the year) primarily due to the
Christmas show and Symphony of Sports occurring during the
latter half of the year.
2.) June payment was received in July.
3.) Final payment to Duddy-Viele is scheduled for Thursday, August
9. Total contractors fees will be $369,090 plus change orders
of $2,957.
JERRY FORD INVITATIONAL
'r BALANCE SHEET
DECEMBER 31, 1988
ASSETS
CASH
CASH IN BANK-CHECKING 8,293.91
CASH IN BANK-INVESTMENT ACCT 1,153.86
TOTAL CASH 9,447.77
RECEIVABLES
ACCOUNTS RECEIVABLE 1,175.00
TOTAL RECEIVABLES 1,175.00
CAPITAL ASSETS
EQUIPMENT 4,567.00
ACCUM DEPRECIATION-EQUIPMENT (4,567.00)
.00
TOTAL CAPITAL ASSETS
TOTAL ASSETS 10,b22.77
EQUITY
RETAINED/EARN/ACC INCOME 5,538.92
RETAINED EARNINGS - PRIOR. (2,702.73)
CURRENT YEAR EARNINGS 7,786.58
TOTAL EQUITY 10,622.77
TOTAL LIABILITIES AND EQUITY 10,622.77
sa, ' .
tr
UNAUDITED
FOR INTERNAL MANAGEMENT PURPOSES ONLY
'y'`~ .
JERRY FORD INVITATION,P?L
INCOME STATEMENT
FOR THE PERIOD ENDING DECEMBE:Et 31, 1988_
•
PERIOD TO DATE YEAR TO DATE
ACTUAL PERI:ENT ACTUAL FERCENT
REVENUE
ENTRY FEES-NATIONAL 15,000.00 411.1 247,500.00 50.5
ENTRY FEES-LOCAL 675.00 :1.9 24,600.00 5.0
SPONSORSHIPS 34,000.00 9:1.2 177,250.00 36.2
DIRECT DONATIONS .00 .4 8,000.00 1.6
SALES-CONCERT TICKETS (9,507.38) (2Ei.1) 11,991.38_ 2.4
SALES-GALLERY TICKETS (3,933.80) (111.8) 16,771.30 3.4
SALES-MEMENTOS .00 .0 1,370.00 .3
EXPENSE REIMBURSEMENTS .00 .0 563.07 .1
INTEREST INCOME-INVESTMENT ACC 241.55 .7 1,682.64 .3
TOTAL REVENUE -----36,475.37 lOt?.0 489,728.39 100.0
GROSS PROFIT 36,475.37 10Ci.0 989,728.39 100.0
EXPENSES
ADVERTISING & PROMOTION .00 .0 4,378.48 .9
CHARITABLE PLEDGE PAYMENTS 45,000.00 123.4 62,150.00 12.7
INSURANCE .00 .0 6,295.20 1.3
MAINT/REPAIR-COPIER SVC AGRMNT .00 .0 370.00 .1
OFFICE EXPENSES (19.72) (.1) 906.72 .2
OPERATING EXPENSES (15.00) .0 72,499.39 14.8
OUTSIDE SVCS-CONSULTANT FEES 9,000.00 24.7 39,000.00 8.0
OUTSIDE SVCS-CONSULTANT-MEYER .00 .0 9,000.00 1.8
OUTSIDE SVC5-TRANSPORTATION .00 .0 6,203.59 1.3
POSTAGE & FREIGHT 6.38 .0 665.33 .1
PRINTING/ENGRAVING .00 .0 3,312.14 .7
PROFESSIONAL SERVICES .00 .0 6,500.00 1.3
PURSES AND AWARDS .00 .0 40,160.02 8.2
RENTAL OF EQUIPMENT .00 .0 815.00 .2
RENTAL-COMPUTER 836.94 2.3 3,626.74 .7
SALARIES-STAFF .00 .0 1,275.00 .3
SPONSOR AND PLAYER INCENTIVES .00 .0 216,029.73 44.1
T~~C~rS, AND LICENSES .00 .0 116.00 .0
TELEP~EIONE EXPENSE 96.98 .3 7,b93.19 1.6
VEHICLE COLLISION REPAIR .00 .0 945.28 .2
54 905.58 150.5 ~ 481,941.81 98.4
TOTAL EXPENSES
NET IIJCOME (LOSS) (18, 430.21) ( 50.5) 7, 786.58 1.6
UNAUDITED
FOR INTERNAL MANAGEMENT PURPOSES ONLY
JEKAY FOfZU INVITATIp~IAL
OiA12ITABLE CCNTKIBUTIO~I'i
1977-1983
Ct1ARITY 1977 1978 1979 1980 1981 1942 1983 wb total
Eagle Canty Scholarship 10,000 10,000 5.000 5,000 7,000 5,000 7,000 49,000
V~11 Ir~atituts 5,000 5,000 5,000 5,000 5,000 5,000 5,000 35,000
Vail Valley M~dieal Gntsr 5,000 10,000 5,000 10,000 3,000 2,000 2,000 37.000
Ve11 Mantain „il 2.500 5.000 2,500 3,000 3,000 2,000 3,000 21,000
Playing spot auction 3,900 3,900
VN1 ti~11p1aua Fandatian 1,500 1.500 500 500 500 500 1,000 6,000
Eapls Yel7ay Can~unity Fund 1,500 1,500
yail Ski l4raa~/n 1,000 500 500 500 500 1,000 4,000
Colorado I+kxntain Col laps 1, 000 SUO 1, SOU
Ford Anphithastrs 5,000 1,000 2,000 3,000 3,000 14,000
8. Osvis Children's Farad. 1,000 2,000 3,000 3,000 ~,UUU 13,000
Playing spot auction 2,ti75 2,000 4,675
Batty Ford Cs~tsr 1,000 2,UOn 3,000 3,000 4,000 13,000
Ski Club Vsil ~ 1,000 1,000 1,000 1,000 1,000 5,000
~y ~ ~ae~~ sou 500 1, ono 1, non 1, ono a , o00
Gores Vally Prsssrvatian 250 500 500 500 1,750
Eap'IS Vally Arts Council '250 250 2SU 250 1, ODU
yai 1 Mc~ntein Fasaaw 1, 500 1, UUO 1, 750 4 , 250
TIC L~arninp Tree SUO 5UU SUO 1,500
Vail Usw is, . ..al Cer?tsr 1, 000 1, UUO 2. UUU 4 , 000
To.n of Vai~) Rac. kloerd 2.893 '1.893
Vsil Youth Grater - 1,000 SUO 1,500 ,
ABC Child»n's Kiy 250 500 750 ,
w
Vei 1 fiupby Club ~ SUO w 500
iA
Veil Nocrvy Glub ~ 5UU 250 750 ,
e
Tha Kainbnw School 250 250
Monss+'s Rssouros lantar ~ SUU sou
Awiariean Nod Cras:-E,agla soo soo
Vail Slmting Club ~ SOU 5U0
Jieny F{apa C
0
W11 ?i ,ium
U
Eagl• Cw?ty Fism Radio U
Blind Skiars Rsid U
Battl• Pht. Miph School U
J. Dobson Rectory Fund U
TO'V-Boftbell Fisld Sodding U
Mantain Tots Pro School U
Sslwtian Army U
Crystwl Ball-playing spot U
Junior Golf Association U
EchD Ranch
0
B.awr C+wk Chspal U
Alpirr Grrds» U
Jahn Elway Foundation
0
8. Youth Foundatim U
Battl• Manta in Youth 8assball ~ 0
M1ami ProJact U
Brave Colorado U
TOTAL 25,SUU 33,5UU 27,000 31,000 35,643 38,075 42,5UU 233,219
'.w
`
A
M
• •
1984-/1188
1977-1963 '
CiiARItY 1984 1985 1886 1987 1988 sub cotal• TO1"AL
Eagles Canty Scholarship 10,000 10,000 8,000 7,500 20,000 49,000 104,500
Vail lnstitvta _ ~ 3,000 4,000 3,000 35,000 45,000
Vail Vally Msdical C~ ~ 1,000 1,000 500 2,000 37,000 41,500
W11 14antain C_:_-1 3,000 1,000 SOU 2,000 21,000 27,500
Playing spot auction 2,400 3,900 6,300
Vail Asligious fa ...ian 500 500 250 ~ 500 ti,000 7,750
Eagl• V~lly caswv~ity Fund ~ 1,500 1.500
Vail SM Muwsn 1,000 1,000 1,000 500 1,000 4,000 8,500
Colorado Mantain Collage 1,500 1,500
Ford Asphithsstra 5,000 7,500 20,000 14,000 16,500
OMs Childnsn's Far~datian 4,000 13,000 17,000
Playing spot auction 2,300 2,700 4,ti75 9.675
BittY Ford Gntar 4,000 3,000 1,500 3,000 13,000 24,500
SM Club Vail 1,000 1,500 1,000 5UU 1,500 5,000 . 10,500
Qty mow' VaP+s 1,000 1,500 1,000 500 1,500 4,000 8,500
Gbrs Villy action 500 500 250 1,750 3,000
Fagl~ Vally Arts Cas~cil 250 500 150 150 500 1,000 2.550
Vatl Mountain Raswa 2,500 2,500 1,500 1,000 2,000 4,250 13,750
Ths Lsamiep Tras 500 500 250 250 500 1,500 3,500
Vail Davsl.., ,sl Csntar 3,000 3,000 2,500 1,000 3,000 4,000 16,500
Torn Of Viil Rae. Board 2,893 2,893
Veil Youth Canter 500 1,000 750 5UU 1,000 1,500 5,250
A9C Children's Acre 500 500 250 250 500 750 2,750
Va11 Rugby Club 500 500 ~ 5UU '1,500
Vail ~k/y Club 750 750 ~
Ths Rainbow 5„1.....1 ~ 250 ~ . 750
~ '~s Reeauroa ~%a^tM' 1.000 1,000 750 500 2,500 500 M ti,250
Awsrican Rad Crass-Eagles 500 ~ SOU 1,000
VQI1 Swtiny Club 6UU 500 'l5U 250 1,000 5UU 3,000
• ,Jinr~y Haupa C~ntsr 5,000 3.000 1,500 5UU 1,000 U 11,000
~ Veil SZ iu~n 500 1.000 T50 500 1,000 0 3,750 ~1
Epl• County Mainftsdio 1,000 1,000 1,000 1,000 2,500 U 6.500
611nd Skiers Fvx1 500 1.000 750 1,000 2,500 0 5,750
6att1. 1~ht. Hiph School 500 ~ 2.000 U 2,500
J• Oobson iiactory Furl 500 - 0 500
TOV-Softball Fuld Saddlnp 500 U 5UU
Mounpin Tots Pre Schaal 500 ~ 0 500
Salwtion Array SOU ~ 0 SUO
Crystal 6x11-plying spot 13,000 4,000 4,000 10.000 0 31,000
Junlor Golf Association 1,500 1,000 750 1,000 0 4,250
Echo Ranch ~ 1,000 0 1,000
Bsav~r CraNc Chapel 1,000 U 1,000
Alpine Garden 1,000 0 1,000
Jahn Elwy Faundstion 1,000 U 1,000
6 Youth Fa .ion 1,000 0 1,000
8attl• Mountain Youth 6asaball 1,000 U 1,000
Mias,1 ProJact - 2.000 0 2,000
8r+sro Colorado 2,000 0 2,000
. r
" TOTAL 54,550 67,100 52,900 21,150 72,500 233,218 501,418
v .
L .
N
. ~ •
198° 3erry F.,' .i inv~t~. `.oval
Charitable Contribut:~
Eagle County °cho'.arship Fund 50,000.00
Vail Valley Medical Center 3,000.00
Vail Mountain School 3,000•b0
Vail Religious Foundation 1,000.00
Vail Ski Museum 1,G00.00 (Ira Harris)
Ski Club Vail 2,000.40
Buddy Werner League 2,400.00
Eagle Valley Azts Council 50.00
Vail Mountain Rescue G,G40.00
Learning Tree SOU.00
Vail De~~elopment Center 6,OGO.C~~~~
Vail Youth Center 2,000.00 (Ira Harris)
ABC Children's Acre 504.00 (Ira Harris)
Echo Ranch 3,000.00
Bea~~er Creek Chapel 7,500.0() Given
Alpine Garden 2,5U0.00 Given
Betty Ford Center 2,500.00 Given
Betty Ford Center Professional Training Program 2,000.00
John Elway Foundation 1,000.00
say Bronco Youth Foundation 1,000.00
tr•;; US Marine Foundation/Toys for Tots 2,000.00 Given
Battle Mountain Youth Baseball 2,000.00
• Miami Project 3,000.00
Bravo! Colorado 2+~•~
Women's Resource Center 5,000.00
Vail Skating Club 1,000.00
Jimmy Heuga Center 2,000.00
Vail Symposium 1,000.00
Eagle County Kam Radio 3~~•~
Blind Skiers Fund 3,000.00 ,
{ 1,000.00
Lee Elder Scholarship Fund
X120,000.00
-r,~f: D~,~ vi=,~ ~o s
i n r c tch~n
a vacat o e s a
ry .
. _ g
ff~ f 1 min rec~esslon .
whl 0 00
g
_ ,
ay Tne New York rimes ception to the trend. Officials re-
SAN I7IEG0 -Recession looms The M1dWest and Port leisure travel this year is up 7' "
across America, and wary vaca- percent in Illinois, 5 percent in
tioners are camping out, eating in .Rocky Mountain ,Missouri and 12 percent in Idaho.
and heading home early to save a A spokeswoman for Yellowstone
few dollars. States prOVlde the .National Park, in northwestern=
From the lush Tiger River Val--- maul eXCe tlOri t0 Wyoming, reports a banner year
ley in the San Diego Zoo to the P for the region. She said that visits
' rocky coast of Maine, the travel in- the trend. • - rose to 526,260 in June, as against
dustry is having its toughest sum- ' - 472,856 in June 1989, and that the -
mer in more than a decade. Travel visits recorded last month had set
officials see the decline in tourism a record for July. '
as an early warning of economic really out of their price range At Rocky Mountain National
troubles, a sensitive barometer of right now," said Magda Corbin, a park, Colorado's prime tourist at-
falling consumer confidence. co-owner of Azer Travel in Los An- traction, visits were up 15 percent
"People are watching what they geles. - ~ in June over last year. -
spend; they fear a recession, if a Instead, 'people are taking But elsewhere, the story is most-:
recession is not already in prop-' cheaper, shorter vacations closer ly negative.
ress," said Jeff Jouett, spokesman to home. "Normally we go to Flor- _ ¦ In Washington, visitors to the
for the 74-year-old. zoo, which im- ida for a week, but we just went to 'monuments along the Mall are
=posed a hiring freeze last week af- Cape Cod for the weekend," Debo- scarcer this year. Sales of hot dogs
ter July attendance slumped 12 rah Gintey of Middletown, R.I., and snacks at the dozen stands op-
, percent, compared with last year. said last week. "We have had a erated by Guest Services Inc.,p
"Consumer confidence is down." ~ lousy vacation this summer." "were down 17 percent last summer;
Compounding the industry's Thus, even as'revenue is down and are slipping again this year.'
woes are sharp increases in gaso- 10 percent this summer at the The Smithsonian Institution's Air
line .prices in the last week after Chatham Bars Inn on Cape Cod, and Space ~ Museum reported
the Iraqi invasion of Kuwait. Mass., the numbdr of visitors is up 100,000 fewer visitors in June,
And. a round of fare increases ~ 10 percent at the nearby beaches compared with last year.
ranging from 5 percent to 10 per- of the Cape Cod National Seashore. ¦ In the Northeast, where the
cent just announced by~American, "People may be doing more out- recession has been centered near-
Northwest, Pan Am, United, TWA doors, one-shot kind of vacation'-, ly all resorts report a bad sum-
and other airlines seems certain to ing, said Anthony_ Bonanno, chief '°,mer. Visitors are tending to make
.further depress leisure travel. ranger at the 48-mile coastline. Bay trips to Martha's Vineyard,
r "I've had a lot more custorriers The Midwest and Rocky Moun- leaving many of its 2,000 hotel and
call up, get prices and then say it's fain states provide the main eg- motel rooms vacant.
a . sa es~ o - as ears _.amou~n ~ •
Restaurants, utility comps- Food and drug stores posted a ty retail shops. ~ May to total Sales of $348,192. Sales by businesses in the
Hies and food stores posted high- 3.97 percent increase in May. Tourist accommodations Business for regular clothing report's miscellaneous cat:,~...~
er sales in May than for the Total sales in that category were .dropped 2.56 percent for May. stores d...rrid 10.82 r ~:..a in -which include theaters,
same month last year, but all ~ $1.44 million in May •1990 eom- • Total sales were $408,039. How- May to $541,987. health clubs, construction and
other businesses were down, pared to about $1.39 million for ever, May supplies only about General retail stores-which repair shops -were down 4.10
according to a report from the the month the previous year. 5.6 percent of the year's sales for include hardware, electronics, percent this May -~..,.r.ared to
City of Aspen. hotels and lodges, according to computers, videos and printers the sales month last year. Total
Sales for businesses in all Local utilities companies had the city report. -slumped by 16.56 percent in sales in that category came to
an enormous boost in sales this
categories were up about 2.21 For the first half of the fiscal 'May. Sales d...~.rad to $617,644 $499,497.
percent in May compared to May May. Total sales for telephone, : year, sales by tourist accommo- for the month. Aspen's residents and tourists
1989, according to the .~~,...t. electric and natural gas comps- dationsareup 7.74 percent fora Specialty retail - which ~ alsoboughtlessbooze,a..,.,;:1ing
Sales for the month totalled Hies were $1.13 million in May total of about $36.4 million. include antiques, jewelry, art ~ the finance department's
1990 compared to $793,000 in a report. Sales b li uor stores
$7,293;283 compared to Business for stoles that sell g lleries, pets and toys - Y q
$7,135,596 in May 1989, said ~ May 1989. That is an increase of sports equipment and clothing dmpped by 10.88 p•:....:.:.t in May were down 0.88 percent to
about 42.89 percent.
the report prepared by the city ~ - dropped a hefty 11.16 percent in with total sales of $547,902. 172,126.
finance office. i Other Businesses Down
Latest Figures - Business in May for hotels,
May's figures are the latest lodges and other tourist accom-
available. The sales figures are modations d.,.~.red in May along ,
derived from Aspen businesses' with sales by sports equipment
sales tax payments made to the stores, .clothing stores, liquor
state stores, and general and special-
. For the 1990 fiscal, year, .
Which started in December,
sales for all businesses are up a
modest 1.01 percent through
May. Total sales over the first
half of the fiscal year totalled
$144,520,803 compared to
$143,081,075 last year.
Sales were up in December,
January and February along
with May, the city report said.:
Sales were down in March and
April.
Restaurants Break Streak ~
Sales for restaurants and
bars have been stagnant or
down fmm last year throughout b-d ~Iness • The Aspen Times August 9, 1990
the 1990 fiscal year. However,
business for May was up 6.4 per-
cent compared to the same
month last year. Despite May's
numbers, business for restaur-
ants and bars is still down 4.4
percent for the first part of the
year, the financial report said.
Restaurants and bars •
recorded about $1.58 million in
sales for May compared to about
$1.49 million for May 1989.