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HomeMy WebLinkAbout1991-05-21 Support Documentation Town Council Regular Session VAIL TOWN COUNCIL
REGULAR MEETING
TUESDAY, MAY 21, 1991
7:30 p.m.
AGENDA
1. CITIZEN PARTICIPATION.
2. Introduction of Stan McKenzie - new manager of Heritage CTV.
3. Request to approve Resolution No. 13, Series 1991, amending
the Town of Vail Land Use Plan and to approve the first
reading of Ordinance No. 14, Series 1991, rezoning property
generally located west of the Town of Vail Public Works
Shops from Agriculture and Open Space to Public Use
District. Applicants: Town of Vail and Vail Associates.
4. Adjournment.
VAIL TOWN COUNCIL
REGULAR MEETING
TUESDAY, MAY 21, 1991
7:30 p.m.
EXPANDED AGENDA
7:30 p.m. 1. CITIZEN PARTICIPATION
7:50 p.m. 2. Introduction of Stan McKenzie - new manager
of Heritage CTV
8:00 p.m. 4. Resolution No. 13, Series of 1991, amending
Andy Knudtsen the Town of Vail Land Use Plan and to approve
the first reading of Ordinance No. 14, Series
1991, rezoning property generally located
west of the Town of Vail Public Works Shops
from Agriculture and Open Space to Public use
district. Applicants: Town of Vail and Vail
Associates.
Action Request of Council:
Approve/deny/modify the Resolution to amend
the Land Use Plan and approve/deny on first
reading the Ordinance to rezone the property
described in Exhibit A of the attached
ordinance.
Background Rationale: On May 13, 1991, the
Planning and Environmental Commission voted
4-0 recommending approval of both the Land
Use Plan change and the rezoning request.
The criteria for amending the Plan and for
rezoning the property are discussed in the
attached PEC memo. The purpose of this
request is to establish Public Use district
zoning which will allow "Public Use
Facilities" as conditional uses. If rezoned,
the town will apply for a conditional use
permit to construct a snow dump. The Town is '
planning on leasing the land from the current
owner, Vail Associates.
Staff Recommendation: Approve the Land Use
Plan change and the rezoning request.
8:25 p.m. 5. Adjournment
- RESOLUTION NO. 13
Series of 1991
A RESOLUTION MODIFYING THE TOWN OF VAIL
LAND USE PLAN, CHANGING THE LAND USE DESIGNATION
OF A PARCEL OF LAND GENERALLY LOCATED
WEST OF THE TOWN OF VAIL SHOPS FROM
OPEN SPACE TO SEMI-PUBLIC, AND SETTING
FORTH DETAILS IN REGARD THERETO.
WHEREAS, conditions in the Town of Vail have changed since the Land Use Plan was
originally adopted; and
WHEREAS, Policy 6.1 of the Land Use Plan states that services should keep pace with
increased growth; and
WHEREAS, the Town of Vail has a need for additional land with the designation of semi-
public in order to meet the standards of Policy 6.1.
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF
VAIL, COLORADO THAT:
1. The Town Council finds the procedures for amending the Land Use Plan, as set
forth in Chapter VIII, Section 3 of the Land Use Plan have been satisfied.
2. The Town Council hereby amends the Land Use Plan:
A. Changing the Land Use Designation shown on Figure 3-M of the Plan from
Open Space to Semi-Public for the property more particularly described in Exhibit A, and
B. Changing text of Chapter VII, Section 2, "Public Works" to read: "The
Public WorkslTransportation Department is housed at the Town of Vail shop property which is
located north of I-70 in the vicinity of the golf course. The Public Works Town Shops may need
to be expanded to accommodate future space needs to allow for additlonal services to be
located at the shops. Also, in the previous space use study, it was recommended that a small
satellite facility to accommodate under storage and a snowplow be developed in West Vail."
INTRODUCED, READ, APPROVED AND ADOPTED this day of ,
1991. -
Kent R. Rose, Mayor
ATTEST:
Pamela A. Brandmeyer, Town Clerk
1
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" ERHIBIT A
DESCRIPTION OF AREA ~,EGAL DESCRIPTION
OF PROPOSED LAND
USE CHANGE AND REZONING
THAT PART OF THE NORTH } OF SECTION 8, TOWNSHIP 5 SOUTH, RANGE 80
WEST OF THE 6TH PRINCIPAL MERIDIAN, EAGLE COUNTY, COLORADO, LYING
NORTH OF INTERSTATE HIGHWAY N0. 70 AND BEING MORE PARTICULARLY
DESCRIBED AS FOLLOWS:
BEGINNING AT THE NORTH EAST CORNER OF SAID SECTION 8; THENCE ALONG
THE NORTHERLY LINE OF SAID SECTION 8, SOUTH 89 DEGREES 46 MINUTES
27 SECONDS WEST A DISTANCE OF 1500.00 FEET; THENCE DEPARTING THE
NORTHERLY LINE OF SAID SECTION 8, SOUTH 00 DEGREES 23 MINUTES 03
SECONDS WEST A DISTANCE OF 529.86 FEET TO A POINT ON THE NORTHERLY
RIGHT OF WAY LINE OF INTERSTATE HIGHWAY N0. 70; THENCE ALONG THE
NORTHERLY RIGHT OF WAY LINE OF INTERSTATE HIGHWAY NO. 70 FOLLOWING
TWO COURSES:
1) SOUTH 75 DEGREES 28 MINUTES 18 SECONDS EAST A DISTANCE OF
180.82 FEET TO A POINT OF CUR4ATURE;
2) 1327.90 FEET ALONG THE ARC OF A CURVE TO THE LEFT, HAVING A
RADIUS OF 5580.00 FEET, A CENTRAL ANGLE OF 13 DEGREES 38 MINUTES
04 SECONDS AND A CHORD WHICH BEARS NORTH 89 .DEGREES 36 MINUTES 34
SECONDS EAST 1324.70 FEET DISTANCE TO A POINT ON THE EASTERLY LINE
OF SAID SECTION 8;
THENCE DEPARTING SAID RIGHT OF WAY LINE OF INTERSTATE HIGHWAY N0.
70 NORTH 00 DEGREES 23 MINUTES 03 SECONDS EAST ALONG THE EASTERLY
LINE OF SAID SECTION 8, A DISTANCE OF 572.10 FEET TO THE POINT OF
BEGINNING, CONTAINING 20.480 ACRES MORE OR LESS.
THE ABOVE DESCRIPTION IS BASED ON THE TOWN OF VAIL ANNEXATION PLATS
FOR THE PROPERTY DESCRIBED AND IS NOT BASED ON A FIELD SURVEY. THE
BASIS OF BEARING FOR THE ABOVE PARCEL IS THE NORTHERLY LINE OF
SECTION 8 BEING SOUTH~89 DEGREES 46 MINUTES 27 SECONDS WEST AS
SHOWN ON SAID ANNEXATION PLATS. (NORTH ANHOLTZ)
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' ORDINANCE NO. 14
Series of 1991
AN ORDINANCE REZONING A TRACT OF LAND GENERALLY
LOCATED WEST OF THE TOWN OF VAIL SHOPS FROM
AGRICULTURE/OPEN SPACE, SECTION 18.32, TO
PUBLIC USE DISTRICT, SECTION 18.36.
WHEREAS, an application has been submitted by the Town of Vail and Vail Associates
to rezone a parcel generally located west of the Town of Vail Shops from Agriculture/Open Space
Zone District to Public Use District Zone District; and
WHEREAS, the allowed and conditional uses of the proposed zone district are such that
they will be compatible with adjacent zone districts; and
WHEREAS, the rezoning effort is consistent with municipal objectives to provide an
orderly, viable community by allowing "public service facilities" as conditional uses in the proposed
zone district; and
WHEREAS, the proposed rezoning is consistent with Policy 6.1 of the Land Use Plan, and
is consistent with the revised Land Use designations shown on the Land Use Plan; and
WHEREAS, in accordance with Section 18.66.140, the Planning and Environmental
Commission held a public hearing on the proposed zoning amendment and has submitted its
recommendation to the Town Council; and
WHEREAS, all notices, as required by Section 18.66.080 have been sent to the
appropriate parties; and
WHEREAS, the Town Council has held a public hearing as required by Chapter 18.66 of
the Municipal Code of the Town of Vail.
NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF
VAIL, COLORADO THAT:
Section 1
The Town Council finds the procedures for a zoning amendment, as set forth in Section
18.66 of the Municipal Code of the Town of Vail have been fully satisfied, and all of the `
requirements of the Municipal Code of the Town of Vail relating to the zoning amendments have
been fully satisfied.
Section 2
The Town Council hereby rezones the property, more particularly described in Exhibit A,
attached hereto, from Agriculture/Open Space Zone District to Public Use Zone District.
1
Section 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 effect the validity of the remaining portions of
this ordinance; and the Town Council hereby declares it would have passed this ordinance, and
each part, section, subsection, sentence, clause or phrase thereof, regardless of the fact that any
one or more parts, sections, subsections, sentences, clauses or phrases be declared invalid.
Section 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.
Section 5
The repeal or the repeal and reenactment of any provision of the Vail Municipal Code as
provided in this ordinance shall not affect any right which has accrued, any duty imposed, any
violation that occurred prior to the effective date hereof, any prosecution commenced, nor any
other action or proceeding as commenced under of by virtue of the provision repealed or repealed
and reenacted. The repeal of any provision hereby shall not revive any provision or any
ordinance previously repealed or superseded unless expressly stated herein.
INTRODUCED, READ ON FIRST READING, APPROVED AND ORDERED PUBLISHED
ONCE IN FULL, this day of , 1991. A public hearing shall be held hereon
on the day of , 1991, at the regular meeting of the Town Council of the
Town of Vail, Colorado, in the Municipal Building of the Town.
Kent R. Rose, Mayor
ATTEST:
Pamela A. Brandmeyer, Town Clerk
READ AND APPROVED ON SECOND READING AND ORDERED PUBLISHED
this day of , 1991.
Kent R. Rose, Mayor
ATTEST:
Pamela A. Brandmeyer, Town Clerk
2
~ ~ • - EXHIBIT A
' • . - DESCRIPTION OF AREA
- S~EGAL DESC~PTION
• OF P80POSED LAND
- USE CHANGE AND REZONING
THAT PART OF NORTH } OF SECTION 8, TOWNSHIP 5 SVulri, RANGE 80
WEST OF THE 6TH PRINCIPAL I~'~T.DIAN, EAGLE COUNTY, COLORADO, LYING
NORTH OF Ir~~~.xSTATE HIGHWAY N0. 70 AND BEING MORE PARTICULARLY
DESCRIBED AS FOLLOWS: '
BEGINNING AT NORTH EAST CORNER OF SAID SECTION 8; THENCE ALONG
THE NOR1nr.RLY LINE OF SAID SECTION 8, SOUTH 89 DEGREES 46 MINUTES
27 SECONDS WEST A DISTANCE OF 1500.00 FEET; THENCE DEPARTING THE
NORTHERLY LINE OF SAID SECTION 8, SOUTH 00 DEGREES 23 MINUTES 03
SECONDS WEST A DISTANCE OF 529.86 FEET TO A POINT ON NORTHERLY
RIGHT OF WAY LINE OF INTERSTATE HIGHWAY N0. 70; THENCE ALONG THE
NORTHERLY RIGHT OF WAY LINE OF INTERSTATE HIGHWAY NO. 70 FOLLOWING
TWO COURSES:
1) SOUTH 75 DEGREES 28 MINUTES 18 SECONDS EAST A DISTANCE OF
180.82 FEET TO A POINT OF CURGATURE;
2) 1327.90 FEET ALONG ~n~: ARC OF A CURVE TO THE LEFT, HAVING A
RADIUS OF 5580.00 FEET, A CENTRAL ANGLE OF 13 DEGREES 38 MINUTES
04 SECONDS AND A CHORD WHICH BEARS NORTH 89 DEGREES 36 MINUTES 34
SECONDS EAST 1324.70 FEET DISTANCE TO A POINT ON ~csr; EASTERLY LINE
OF SAID SECTION 8;
THENCE DEPARTING SAID RIGHT OF WAY LINE OF INTERSTATE HIGHWAY N0.
70 NORTH 00 DEGREES 23 MINUTES 03 SECONDS EAST ALONG ~rn~ EASTERLY
LINE OF SAID SECTION 8, A DISTANCE OF 572.10 FEET TO THE POINT OF
• BEGINNING, CONTAINING 20.480 ACRES MORE OR LESS.
i
' THE ABOVE DESCRIPTION IS BASED ON THE TOWN OF VAIL ANNEXATION PLATS
FOR THE PROPERTY DESCRIBED AND IS NOT BASED ON A FIELD SURVEY. THE
BASIS OF BEARING FOR THE ABOVE PARCEL IS NORTHERLY LINE OF
SECTION 8 BEING SOUTH 89 DEGREES 46 MINUTES 27 SECONDS WEST AS
SHOWN ON SAID ANNEXATION PLATS. (NORTH ANHOLTZ)
- -
MEMORANDUM
TO: Planning and Environmental Commission
FROM: Community Development Department
DATE: May 13, 1991
SUBJECT: A request to change the Land Use Plan designation of a property generally
located west of the Town of Vail Public Works shops from Open Space to
Semi-Public Use and a request to rezone the property from Agricultural and
Open Space to Public Use District. The property is described as follows:
That part of the North 1/2 of Section 8, Township 5 South, Range 80 west of
the 6th Principal Meridian, Eagle County, Colorado, lying north of Interstate
Highway No. 70 and being more particularly described as follows:
Beginning at the NE corner of said Section 8; thence along the northerly line of
said Section 8, S89 46'27"W a distance of 1500.00 ft; thence departing the
northerly line of said Section 8, S00 23`03"W a distance of 529.86 ft to a point
on the northerly ROW line of I-70; thence along the northerly ROW line of I-70
following two courses:
1) S75 28'18"E a distance of 180.82. ft to a point of curvature;
2) 1327.90 ft along the arc of a curve to the left, having a radius of
5580.00 ft, a central angle of 13 38'04" and a chord which bears N89
36'34"E 1324.70 ft distance to a point on the easterly line of said
Section 8;
Thence departing said ROW line of I-70 N00 23'03"E along the easterly line of
said Section 8, a distance of 572.10 ft to the point of beginning, containing
20.480 acres more or less.
The above description is based on the Town of Vail annexation plats for the
property described and is not based on a field survey. The basis of bearing for
the above parcel is the northerly line of Section 8 being S89 46'27"W as shown
on said annexation plats.
Applicant: Town of VailNail Associates
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I. INTRODUCTION
The Town of Vail is requesting a rezoning of a tract of land west of the Town Public Works
Department shops. The parcel is approximately 600 feet wide and 1,500 feet long and is
directly west of the Town of Vail Shops. The current zoning of the property is Agricultural and
1
Open Space District, and the applicant is proposing Public Use District zoning. The owner of
the property is Vail Associates (VA), and the Town of Vail will be the leaseholder. The
purpose of the request to rezone the property is to allow "public service facilities" as
conditional uses. If the rezoning is approved, the Town of Vail will apply for a conditional use
permit fora "public service facility," or more specifically, a Town snow dump.
Development standards in the Public Use District are prescribed by the Planning and
Environmental Commission (PEC) for individual proposals. In Section 18.36.050 of the Public
Use District, the PEC is given the authority to:
"prescribe development standards for each particular development proposal or project
in each of the following categories: A. Lot area and site dimensions; B. Setbacks; D.
Height; E. Density Controls; G. Site Coverage; H. Landscaping and Site Development."
Note: C8~F have been deleted since the original adoption.
Because the PEC has the authority to set development standards for each specific use, staff
believes that each should be analyzed closely at the time of the conditional use hearing.
II. EVALUATION OF THE REZONING REQUEST
A. Suitability of Existing Zoning
The tract of land under consideration is zoned Agricultural and Open Space District,
and is located between land zoned Public Use District to the east and Agriculture and
Open Space District to the west. Because the parcel under consideration is adjacent
to existing Public Use District zoning, staff believes it is reasonable to expand this
zone district. In addition, staff believes the two zones are compatible with each other.
B. Is the Amendment Preventing a Convenient, Workable Relationship with
Land Uses Consistent with Municipal Objectives?
Staff believes the relationship of land uses in the area is workable, as both the
Agricultural and Open Space District and the Public Use District allow only low intensity
uses. Both zone districts have a very limited number of permitted uses, which are
listed below, and both allow larger, more intense uses only through conditional use
review. Because of the manner in which the zoning code is written for regulating the
Public Use District, the Planning and Environmental Commission will be able to set the
development standards for any conditional use, such as a snow dump, to ensure that it
is compatible with adjacent uses.
Staff believes that the rezoning will help achieve a municipal objective of providing
snow removal. The area the Town currently uses to dump snow is the north bank of
Gore Creek in Ford Park, just east of the tennis courts. Town Council has requested
that the Public Works Department find a new location to dump snow, as the current
use of the Gore Creek bank is not environmentally sensitive to Gore Creek or Ford
Park.
2
' During a previous PEC worksession on this issue, the PEC's primary concern centered
on potential land uses which the rezoning would allow. "By-Right" uses of both
districts are listed below:
Public Use District (Proposed Zoning)
A. Public parks, playgrounds, and open space
B. Pedestrian and bicycle paths
C. Seasonal structures or uses to accommodate educational, recreational or
cultural activities
Agriculture and Open Space (Existing Zoning)
A. Single family residential dwellings
B. Plant and tree nurseries and raising of field, row and tree crops
C. Public parks, recreation areas and open spaces
During the worksession, the one use the PEC was concerned about was letter C--
seasonal structures or uses. Research done since the worksession shows that the
definition of seasonal structure requires conditional use approval in every zone district.
Though this conflicts with the use being listed as a permitted use in the Public Use
District, whenever the zoning code applies more than one standard to a development
regulation, staff practice has been to consistently use the more restrictive standard.
The definition of a seasonal structure is a:
"temporary covering erected over a recreational amenity, such as a swimming
pool or tennis court, for the purpose of expanding their use to the cold weather
months. Such seasonal covers may not be in place for more than seven
consecutive months of any twelve-month period.... Any seasonal use or
structure shall require a conditional use permit in accord with Chapter 18.60"
Because of this definition, the only by right uses allowed in the Public Use zone district
are parks and bicycle paths.
C. Does the Re2oning Provide for the Growth of an Orderly, Viable
Communtty?
If approved, the rezoning will provide the conditional use process for the Town of Vail
to request approval of a snow dump. Staff believes that providing a snow dump for the
community will improve snow removal services, reduce environmental impacts, make
the community more enjoyable for guests and residents during the winter, and help the
Town function more efficiently. The conditional use criteria will allow for a thorough
review of the request to insure community concerns are addressed. Apart of any
conditional use review will be an analysis of the rockfall hazard. This is the only
hazard affecting the site, and any proposed use will have to incorporate any mitigation
recommended in a hazard study.
3
• D
D. Land Use Plan
This parcel is designated as Open Space in the Land Use Plan. Criteria for amending
the Land Use Plan have been established. On page 62 of the Plan, it states that in
order:
"to change the Plan it will be the responsibility of the applicant to clearly
demonstrate how conditions have changed since the Plan was adopted, how
the Plan was in error or how the addition, deletion or change to the Plan is in
concert with the Plan in general."
The goals and policies of any Land Use Plan are the fundamental basis on which such
a plan is developed. Policy 6.1 of the Town of Vail Land Use Plan states that,
"Services should keep pace with increased growth." Staff believes snow removal is a
service which the Town provides and is included under this policy.
In another section of the Plan, which discusses the facility and service standards of the
Town, it states that the Public Works' Town Shops "is of adequate size to
accommodate future space needs." Staff believes that conditions have changed since
that statement was put in the Plan, and in order to maintain the service standard called
for in Policy 6.1, rezoning this land to accommodate public service facilities would be
an appropriate action. In addition to the change in land use designation from Open
Space to Semi-Public Use, staff also suggests changing the Land Use Plan to reflect
that there is a need for expansion of the services the Town Shop site provides.
III. CONCLUSION
Staff recommends approval of the rezoning. Staff finds that the suitability of the existing
zoning is not adequate to accommodate the interests of the public, and that the proposed
rezoning would provide a convenient, workable relationship with the land uses on either side
of the parcel, and that the rezoning would be consistent with municipal objectives. In addition,
staff believes that the rezoning, which would allow public service facilities, via the conditional
use process, would provide for a more orderly and viable community. Lastly, staff believes
that the Land Use Plan policies and amendment criteria are such that a rezoning to Public
Use District is consistent with the plan in general.
Regarding the Land Use Plan, staff recommends that the two changes discussed be
approved. First, the Land Use designation shown on the maps should be changed from Open
Space to Public Use. Secondly, the text referring to the Public Works Shop site should be
modified to read "the Public Works Town Shops may need to be expanded to accommodate
future space needs and to allow for additional services to be located at the Shops." Staff
believes that these changes are consistent with the criteria established to modify the Plan as
well as Policy 6.1 of the goals and policies. Therefore, staff recommends that the Planning
and Environmental Commission recommend to Town Council that the Land Use Plan be
changed and that the parcel generally west of the Town Shops be rezoned to Public Use
District.
c:\pec\tov\s nowdump.513
4
OFFICERS ~ Y.s. ~ - i ~ ~ J` - -TRUSTEES .
= ~ _
' 1DENNIS E. COONTS, M~voa _ r ~ _ - - TED BANDY
'TERESA O'DYVYER, C~c - - - r i- 'TONY BARB -
_ 'DONALD L. KIMBLE '
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8~T~ a s N J, I N , ~ _ MICHAEL L LIGGETf
-
Mt' •REGULAR MEETNJG r , r 'JOSEPH D. MARTIN
`;FIRST THURSDAY _ - _ _
8~ _
~=OF EACH MON11i _ ~ .1 ~ - -
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_ - April 24. -1991 . - ..ri - _ 2. W_
Rent R. Rose ~ . - ~
- Town of Vail - - _ - _ _ - ~~t~'' 6~
F~~ -75 S. Frontage Rd. . _ - - - ~ ~ •
Vail, CO -81657 _ . - - -
Y.
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Dear Rent: _ - _ - -
The Town of Limon would like .to thank -the Town -of -Vail ` ~ =
for expressing interest in assisting with the completion of our
streetscaping project. The outpouring of assistance has been great.
p. Without the assistance of the State of Colorado. numerous counties
-
and many cities and .towns, the rate of recovery .would be slowed
~k•~ greatly. , . • - _ -
The rebuildin ro ect is underwa and roceedin we11..The Town .
g P j Y P 9_ .
of Limon has committed 5500.000 to complete the municipal .projects
destroyed in the tornado 'of June 6. -1990. At -this point of the
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project Limon's portion is approximately 550.000 ;over this
committment . - -
~El.
The streetscape program will-repair the-curb and gutter destroyed
by the demolition :of buildings destroyed by the tornado. We are
asking that assistance be given .in placing trees. lights, trash
receptors and benches. Each government agency assisting in the
- project will be remembered in -a permanent display that will ~ be -part
of the new construction.
N-
The suggested donation for-:purchasing and-installing-are: - ~ '
-
. .
S 900 Street Tree and ..Grate •
S 500 Street Bench - - _
S 400 Trash Receptor ~ -
-
51200 Street Light, - -
As Colorado works together. Colorado.-strengthens _itself. If you
F4• have further questions. .please contact Joe Riely at 1719) 775 2346.
_
- - ~ -
kt• ~ - _ _
• Sincerely yours. -
~
= TOWN OF L I MON ~ ~ - `
- .
Del Beattie
Town Manager - • - - -
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TOWN OF VAIL MEMORANDUM
TO: Ron Phillips
Council Members
FROM: Steve Thompson
DATE: May 17, 1991
RE: Investment Report
Enclosed is the investment report with balances as of April 30,
1991.
In April, we purchased a CD and agency obligations totalling $2.0
million with an average yield of 6.39%. We are estimating that
interest income will be 9.0% under budget for 1991. The interest
income budget for 1991 assumed that the Town would be reimbursed
the $1.8 million for the Berry Creek land. If the Town does not
receive any funds in 1991 for the Berry Creek land, interest income
will be 16.Oo under budget.
Please let me know if you have any questions.
cc: Steve Barwick
Town of Fail, Colorado
tevestaent Besort
Saran o[ Accoanta and Inveataenta
For the Month Bndiea Asril 30, 1991
Faeds For 8eaene Balances Percentage Percentaae
Oseratiea Fonds 03/31/91 of Total Alloeed
Noney Market Accoaeta Isee sage 11
Conercial Baeka (403,202 f2S3,246 f6S6,448 4,91X SOX
Nosey Market Faeds (4,298 (1,821,809 (1,826,109 13,66X 100X
Colorado inveataent Poole (1,648,523 (1,648,523 12.33X IOOX
9ota1 f2,OS6,023 f2,07S,OSS (4,131,098 30.90X
Conercial Savinae i
Baeka Loaea
Certiticates of Deposit Isee page 21
Baale Coenty lestitatioes O,OOX
Other Colorado lestitationa f49S,000 (495,000 (495,000 3,90X
National Institationa (299,000 (1,584,000 (1,485,000 (396,000 (1,881,000 14.01X
total f297,000 (2,099,000 (1,980,000 (396,000 (2,376,000 17.7TX 100X
Percentaae of Portfolio in Savings d Loaea 1S.5SX 2SX
O.S. Covernaent Secnritiea Isee pane 31
Nesurchase ARreeaenta (1,099,389 (1,099,389 8.22X 9SX
9reasnrv Notes A Billa (1,207,401 (400,000 (1,607,401 12.02X 100X
CNNA's fISS,944 f15S,944 1,19X IOOX
U.S. Snvinas Bonda f21,397 (21,397 0,16X IOOX
Federal Agency Discoent Notes t Bonda (3,976,865 (3,976,865 29.16X 100X
total (5,361,587 (1,499,389 (6,860,996 51,33X
4otal Portfolio (9,397,610 (3,970,444 (13.368,054 IOO.OOX
Motoring Nithin 12 Nontha (8,989,840 f2,972,OSS (11,761,895 89.99X ,
Motoring Nithin 24 Months t0 (99,000 (99,000 0,74X
Aaterina After 24 Months (407,790 (1,099,389 f1,S09,IS9 11,29X
(9,399,610 (3,990,444 f13,368.OS4 IOO.OOX
Breakdore of Beeerve Faeds
G.O. Bond Reserve (3.519.449
Booth Creek NitiRatioe Proceeds f202,iS7
Chock Anderson Neaorinl (10,991
Health Iesarnece Fnnds (239,847
(3.990,444
SI17/91.i1n
invsa04
Nonev Market Accoants
ne of Aoril 30, 1991
--Por the Noeth of Aoril--
lemtitation Belaecea
Tvoe of Accoants RiQh Loo Average 03131191
CONNBRC]AL BANH ACCOON4S
Niret Baet of Vail - OVeretie4
Interest. 4.890X 4,500X 4,610X
Balaece f2.S86,943 f1SS,612 f136,8Y3 (349,830
Pirst Baet o[ Vail - Imsarnece
letereat 4.8tOX 4,500X 4.610X (239,849
Balance
Central Baet o[ Deaver Reserve Accoants
Interest S.000X
Balaece (4,408
Central Bnet of Deaver '
leterest 5.191X
Ceeeral OoeratinQ Account
Balance (64.363
Petal Couercial Bant Accoants (656,448
LOCAL GOVBRNNBNi INVBSfNBNY P006
Colorado frost Ilevesteeet Pooll
Interest 5,650X
Balaece (1,648,523
NONBY NARBBP NUPUAL FONDS
Federated Securities Corp, 0, 9. freaearv tract Reserve Accoaat
Interest 6.095X
Balance 4604,325
Fidelity Ieveatmeet Government Nonev Market Accoants
Interest 5,850X
Boad lease Reserve Accoaat Rx
Balaece f1,01S,32t
Bootb Creek Imp Faads
Balance 5202,15(
PnrtieR Structure Coast Pand Accoaat.
Balaece (4,298
Dotal Nonev Market Nutaal Paed (1,826,107
Dotal all acconeta (4.131,098
~=Accoaet Sab.iect to Arbitrage Rebate
5l1t191.ito
ievmm04 Paae I
Certi[icntea of Deposit
ae of April 30, 1991
Bent Ra.e, Location Dave to
Bates Purchase Natarity Natnrity Nntarity
[ee Coaooe [field Dnte Dnte at Parchnee [aloe
Staedard Pacific Savia4e and Loan, Rewoort, CA Beserved Fonda
SAIF 9,89SX 9,690X 26-Nav-89 28-Nny-91 932 (99,000
First SaviaQa ned Loan, Beverly Bills, CA
SAIF 10,395X 10,125X ]0-Apr-89 03-]an-91 i84 599,000
Sterlina_ Ba9LaQa and Loan, Iniae, CA
SA[F I0,500X 10,2SOX 10-Apr-89 02-Dec-91 966 199,000
Bay Loan A Ievestaeet Baet, Bast Greenwich, BI, Beserved Paede
FDIC 9.300X 9,050X 11-]a1-89 02-Dec-91 894 (99,000
8oaeatead Savin4a Aseociatioa, Niddletowe, PA, Beserved Fande
SAIF 9,100X 8,900X 21-]a1-89 02-Dec-91 864 599,000
6aet Bank, Few [ork, R[
FDIC 9,000X 8.900X I1-]a1-89 11-]u1-91 130 (99.000
Brentwood Saaare $ay16Ra and Goan, Loe Angeles, CA
SA1F 10,1SOX 9.900X 09-Nav-89 OB-Nav-91 729 (99,000
Restern Finaecial Savings Bank, Irvine, CA
5A[F i,62SX 9,39SX 1S-]ae-91 02-Dec-91 321 599,000
Cardinal Federal SavinRe Bnnk, Cleveland, OB
SAIF 7.4SOX 9,32SX 1S-]ae-91 02-Dec-91 321 599,000
Restern Federal 3avin¢s and Loan, Narien Oel Bay, CA
SAIP 9,625X 7.39SX 15-]an-91 02-Dec-91 321 (99,000
Paaraoo Savings and Lonn, 8oboken, R]
SAIF 7,SOOX 9,37SX IS-]ae-91 02-Dee-91 321 599,000
Glendale Federal Savings aed Lonn, Ft, Lauderdale, FL
SAIF Y.625X 9,395X 1S-]ae-91 02-Dec-91 321 (99,000
Colorado Federal 5nvings Bant, Sterling, CO
SAIF 9,S10X 9,691X 19-]ae-91 02-Dec-91 319 (99,000
Colaabia Savings, Denver, CO
SAIF 9,150X 9,150X EB-]ae-91 02-Dec-91 308 (99,000
First Federal Saviaga Baak„ Deaver, CO
SAIF 9.250X 9,250X 28-]an-91 02-Dec-91 308 599,000
thatcher Bank Federal Saviaga Sant, Salida, CO
SAIP 1,2SOX T.250X 31-]an-91 02-Dec-9] 30S 599,000 ,
Colorado 5aviage Bnet, Denver, CO
SAIF 9,450X 9.450X 31-]an-91 02-Dee-91 30S (99,000
Southern Finencinl Federal Saviege Baet, Rarreeton, PA
SAIF 9.100X 9.000X 09-Feb-91 02-Dec-91 298 (99,000
First Security $ayinga Bank, NI
SAIF 9.200X 9,000X I1-Feb-91 02-Dec-91 294 (99,000
First 8eighta Bank, Houston, 93
SAIF 9,OSOX 7,OSOX 11-Feb-91 02-Dec-91 294 f99,000
Certificates of Deoosit
as of Aoril 30, 1991
Bank Nn~e, Location Dapn to
Baten Parcbnne Nntnrity Nataritp Mataritp
Ine Coaoon Tield Date Dnte at Parcbnae Falae
Blneboanet Saviaas Bnnt, Dallas, TI
SAIR 9.2SY i,2SY ]l-Feb-91 02-Dec-91 294 199,000
La 7olla Snvinas Baat, Indian Relle, CA
SAIR 1.000Y 6.BSOY 20-Peb-91 02-Dec-91 2BS (99,000
Snatn Ana Snviaae nad Loan
SAIR 4.1SOY 9,1SOY 20-FeD-91 02-Dec-91 28S (99,000
Lpndonville Saviaae Baak l Trast, Lvndoaville, 9T. Benerved Fande
FD1C 9.2SOY 9.OSOY 26-3n1-89 Ol-7ao-92 ]041 f99,000
Ava Tield 9,989Y S2.3T6.000 -
Dave to Nntnrity 160
S11TI91.ilp
invcd04 Paae 2
Covernoent Securities
as of Aoril 30. 1991
tttf'reasarv Pekes A Bil(sttt
Dave
to Dave
Interest 8nte Parchase Aatarity Natarity to Boot Par
Pyoe Rand Coupon Yield Dnte Date at Parchnse Natarity Ralae Ralae
Bond Pooled Cash 8,89SX 9,490X 11-Nar-86 15-Feb-96 3628 1952 f230,000 fE30,000
Bond Pooled Cnah 6.500X 6.607X Ol-Feb-91 15-Rov-91 287 199 (500,000 (500,000
Bond Pooled Cash 6,480X Ol-Reb-91 24-Oct-91 265 197 5497,401 (477,401
Bond Deht Service 8,250X 8,259X 31-Aaa-89 31-Aaa-91 930 123 (400,000 (400,000
Averaae Yeara fo Natarity 1,54 (1,609,401 (1,607,401
Averaae Yield 7.10X
tttBeoarchase Aareenentatts
Parchase Natarity Book
Inakitation Yield Date Date 9alae
Aor¢an Staelev t i,850X O]-]an-90 01-Dec-95 (1,099.389
t Siekiea Fand leveataent to Retire C.O. Bondy
tttGRMA'Sttt
Yeare to Bstinated
leterest Rate Parchase Natarity Matarity Yeare to Priecioal
Pool Cocoon Yield Dnte Date at Parchase Natarity Oatatandieq
5803 B,000X 8,480X 14-Rov-86 15-Oct-05 19,10 16,00 (39.558
13003 B,000X 9,SOOX 24-Oct-86 15-Oct-06 20,20 17.00 f52,891
14659 B.000X 9,200X 24-Oct-86 IS-]an-07 21,20 18.00 (63.515
Ave Yield 9.119X fISS,944
ttt0,5, 5avinas Bondattt
Yeara to
issue Natarity Maturity Yeara to Boek Natarity
Series Yield Date Date at Parchase Matarity Falue Palae
8B 7,170X 01-Oct-86 Ol-Oct-96 10,00 5,43 (21,377 (30,000
tttFederal Aaencv Discount Rotes A Bondattt
Days to
Interest Rate Parchase Natarity Maturity Da9e to Book Maturity
Aaency Fund Coupon Yield Date Dnte at Parchnse Natarity Ralae Ralue
FHLB Pooled 7.1SOX i.1SOX 26-Dec-90 ES-]aa-91 181.00 56.00 fS00,000 fS00,000
F8L6 Pooled B.BOOX 9,E29X i9-Dec-90 25-Seo-91 282.00 148.00 (250.000 (250.000
FBLB Pooled 9,192X 14-Dec-90 02-Dec-91 35?.00 216.00 f233,498 f2S0,000
FHLB Pooled 9,134X 13-Dec-90 01-Nav-91 139.00 1,00 (243,389 f2S0,000 '
PFC Pooled 6,200X 6,200X Ol-Apr-91 01-7u1-91 91.00 62.00 f2S0,000 f250,000
FBLB Pooled 8,900X 6,000X E9-AOr-91 25-Oct-91 199.00 198,00 fS00,000 (500,000
FFC Pooled 8,050X 6,358X ]4-Nar-91 Ol-Oct-91 201.00 154,00 (1,000,000 (1,000,000
FHLB Pooled 9.450X 6.42SX 29-Nar-91 2S-Rov-91 243.00 209,00 (1,000,000 (1,000,000
f3.976.865 (4,000,000
Averaae Yield S,43X
Averaae Dave to Matarity 128 Total f6,860,976
S/17f91.iln
inytr04 Pace 3
WORK SESSION FOLLOW-UP
5-17-91
Page 1 of 3
TOPIC pUESTIONS FOLLOW-UP SOLUTIONS
8/8/89 WEST INTERMOUNTAIN LARRY: Proceeding w/legal requirements for Marijke Brofos has indicated an interest
ANNEXATION (request: Lapin) annexation. Steve will call for assessor's in petitions but has not picked them up.
#'s re: revenue the TOV is not collecting Larry was holding off so annexation
from property taxes. could occur closer to end of next year for
tax purposes. Council is mulling over
next step.
7/17 BIKES/ROLLER BLADES AND KEN/LARRY: Should bicycles, roller blades, Researching appropriate ordinances for
SKATES/SKATEBOARDS etc., be prohibited from highly pedestrian- application to be discussed in May.
ized areas in the Village and Lionshead, Discuss at Staff Meeting 6-7-91.
including the parking structures?
7/27 UNDERGROUNDING UTILITIES IN LARRY/GREG: Work with Holy Cross Electric Undergrounding may occur in fall of
EAST VAIL to establish special improvement district(s) '91 or '92 or spring of '92. Engineer
for underground utilities in East Vail. hired and design underway.
9/20 LIONS RIDGE FILING 4 LARRY: Homeowners Assn. would like Town to Ron contacted Jim Fritze about abatement.
purchase common area for back taxes and The Town tax liability would be about
penalties. $5,500. County attorney says no tax
abatement is possible for a property
such as this.
12/18 MILLRACE CONDO. ASSN. KRISTAN: Respond. Vail Ventures will respond in writing to
LETTER our letter. Shelly has written a second
follow-up request, which was included in
your 4/2 packet.
1/11/91 SNOW DUMP RON/GREG: Work out site acquisition with VA Design has begun. Soil testing and
Complete design. mapping completed. Back to PEC 5-13-91.
Lease being drawn up for 7 year time
period.
2/5 CHUCK ANDERSON YOUTH RON/ROB: Let's be prepared to award this Final award to be given at the 6-4-91
RECOGNITION (request: Rose) spring. evening meeting.
• ,
WORK SESSION FOLLOW-UP
5-17-91
Page 2 of 3
TOPIC pUESTIONS FOLLOW-UP SOLUTIONS
9/9 PUBLIC UTILITIES ACQUISITION STEVE BARWICK: Reassess municipal Will do.
involvement/ownership of public utilities.
rovide budget in 1992 for feasibility study.
9/23 MAYOR'S BREAKFAST EVERYONE: The next Mayor's Breakfast is Letters of invitation mailed 5-6-91.
scheduled for Wednesday, May 29, 1991, at
7:30 A.M., at the Racquet Club Restaurant in ,
East Vail. Please plan to attend this
neighborhood input session.
5/7 PARKING-IN-LIEU/CCII KRISTAN/STAFF: Establish time schedule for Back to Council by mid-June.
(request: Gibson) review of fees for this commecial area.
5/7 VA/2% SALES TAX COLLECTION LARRY/STEVE: Research remedies to change Research is underway.
(request: Gibson/Lapin) this to a mandatory TOV tax collection.
5/7 VAIL VALLEY DRIVE STREET PETE: Lights have been out from Ski Club Will do. Waiting for utilities to be
LIGHTS (request: Steinberg) Vail east for some time. reconnected at water treatment station.
5/7 MERV LAPIN STREET LIGHT PETE: Light in front of Merv's house NEVER Will Do.
goes off !
5/7 COST-OF-LIVING STUDY/NWCOG EVERYONE: Results will be released and Steve Barwick to attend.
interpretations given at a special meeting
in Steamboat on Thursday, May 23, 1991.
Who can attend?
5/14 BRONCOS TICKETS EVERYONE: Kent Rose has 3 sets of season
tickets available, Section 5-11, north of
the 20 yd. line. Contact him to negotiate.
WORK SESSION FOLLOW-UP
5-17-91
Page 3 of 3
TOPIC QUESTIONS FOLLOW-UP SOLUTIONS
5/14 JERRY BARRIERS ETE: Tom noticed we were buying Jersey Public Works has a policy where forms are
(request: Steinberg) arriers from Dotsero. Would it make any in place at the shops to take left over
ense, environmentally/economically, to concrete when quantities are large enough.
equire cement haulers to deposit the Working on the problem.
emainders of shipments at the Town Shops,
here we could form our own?
5/14 IMPROVEMENTS TO MULTI- RISTAN: What incentives can the TOV provid
FAMILY BUILDINGS o condominium/townhouse associations to
(request: Fritzlen/Lapin) 'vitiate/expedite this process? Investigate
hat Californi and Hawaii have on their book
o require the escrowing of money for the li e n
f a property (i.e., in regard to replacemen
f that property). Chuck Taylor, a homeowne
t the Racquet Club, is a contact.
5/14 VIEW CORRIDORS RISTAN: Research additional corridors to b Long-term project to be brought to Council
egislated. within next 6 months.
c:\follaw
Heritage Cablevision
P.O. Box 679
Silverthorne, Colorado 80498
(303) 468-2222
April 29, 1991
Mr. Ron Phillips, Town Manager
Town of Vail
75 S. Frontage Road
Vail, CO 81657
RE: CHANGES FOR THE BETTER IN CABLE SERVICE
Dear Mr. Phillips:
Beginning June 3, Heritage Cablevision, Inc., a TCI Company, is
making changes for the better.
We are adding a service that will give most of our current cable
customers access to an affordable new movie channel for as little
as $1.00 a month through May of 1992.
Movies are by far one of the most popular programs on cable, but
some of our basic service customers have told us that first-run
premium pay movie channels are out of their reach. That is one of
the reasons Heritage Cablevision, Inc. a TCI Company, is adding
ENCORE, an inexpensive movie channel running popular films from the
1960s, 70s and 80s, 24 hours a day, uncut and commercial free.
We are also pleased to add the Fox Network, which has been highly
reauested by our customers in the area.
Heritage Cablevision, Inc., a TCI Company, is giving existing
customers an opportunity to preview ENCORE at no charge from June
3 to June 30, 1991. Beginning July 1, Heritage Cablevision, Inc.,
a TCI Company, will generally charge its current customers $1.00 a
month for the service, unless customers decline the optional all-
movie channel and notify us accordingly.
This affordable monthly rate will not increase through May 1992
unless a customer reduces the number of premium pay services that
he received as of June 2, 1991. The price will be higher for those
who sign up for cable after June 30, 1991.
Attached is a copy of ENCORE marketing information which will be
sent to customers.
r"
To accommodate ENCORE and The Fox Network, we will realign channels
and make some minor adjustments to the cable program line-up.
Channels will be more sensibly grouped and an expanded basic
service will be initiated in addition to the diversified basic
channel line-up. Expanded basic is an optional level of service
featuring American Movie Classics, ESPN, USA, Prime Sports Network
and Turner Network Television which, because of their aggressive
acquisition of programming, cannot keep their cost increases equal
to or less than the rate of inflation. Thus, we made them optional
since we expect the cost of expanded basic to increase faster than
the inflation rate. Until this upcoming change, expanded basic
services have been spread across the dial. Grouped together,
customers will be less confused and will be more aware that it is
an optional level of service. In order to separate out the
optional level of expanded basic, the basic rate will be decreased
by $.40 and expanded basic will be identified as costing $.40 on
the customers bill. Thus, no increase in cost to. the customer at
this time. This will become effective July 1, 1991.
To make room for ENCORE and The Fox Network, we will drop KREG.
This service was primarily duplicate programming and one of our
least watched channels.
These changes may cause some inconveniences for customers as they
adjust to the new channel positioning. Heritage Cablevision, Inc.,
a TCI Company, will take every possible step to fully inform
customers of the changes. A comprehensive c~.~LL«unications program
is planned that will include bill inserts, direct mail, press
announcements, TCI Education Project mailing to participating
schools in the area, radio PSAs, cable information snots, newspaper
ads, cable guide wrap-around, and local office displays.
Additional telephone call-in capacity through a toll free 800
number is also being arranged to handle any increase in inquiry
levels from the public.
Complete information on all the terms of the ENCORE offering, and
the upcoming channel realignment will be presented to customers,
particularly changes in the price of the service if customers elect
to downgrade their service levels after June 2, 1991 and before
May 31, 1992.
Heritage Cablevision, Inc., a TCI Company, is eager to discuss our
planned moves with you and the council at your earliest convenience
and would also welcome the opportunity to meet with other elected
representatives and city officials. Please advise us as to what
would be an opportune date to discuss this further. I can be
reached at 303/468-2222.
Sincerely,
f~~~~----~~
Stanley McKinz~
General Manager
cc: Town Council Members
~ ~
r
HERITAGE
Important Information regarding your bill and the new ENCORE optional pay channe!
E1k.~.hcE, The Hit)ti`. ~ : of the 60b, 70ti, and 80k that you rxeive as of June 2.199E ice, you will paq only ri00 per month for ENCORE
On lone 3,1991 yw will begin to 1,. ENCORE for the rest If ya] d~,.+.\~,ade your s~ , level L.~,~ June 3,1991 and ~h Q ~i ~ 1992
of the ...,A.h at no extra ENCORE is a new ~1,\....\ \.;~i- ~ 1992, the monthly amount yon will pay f~ K~...,.:ng Ei~n..umE
free s~ , that featutres u~nt original hit of the past ENCORE will change and d~,,:~..1 upon the mar>5er of N\,.~,\ium If you want to contimre receiving ENCORE - do rathingl
three d .,~.L3 arxi featlurs them ~_....~11y On the hour pay channels that you . The foi:,/+u.s chart S.A...1 y how -Unless you ~ uS of your mt to ENCORE. vPe
every two hours , length Permitting) wrth a different ~ can u.,,~.rte the mor~hty _ ' you vvdl pay for ENCORE wr~l assume that
roavre each night in time. This 24 hour PQ day ~ ~ \ ade each mmtfi. I'o oodimed~~._..t of the we wrll bell you
channel is one d the best cable vahxs ever pr>•senied, yO1 \ yarn s" . " ; ~ mmthly charge
for ENCORE will he ,:aed as your el~...::~.. to anb-
Mei.e. r. . ,....Yn~...., ~..r.n-
L~,r ~ . ~ BIlbiag Inbcmatioa ~ _ ~ ~ r. crxoea ern'be to it.
Effective with ycxxrr Jaly bell. if you choose to ~iirnx ,~,.u.- 0 34.95 II. ~ r r:W~; Elk.u~cE
i~~nyAg~~E~~N~~OO~'R~E,ewel~wiD begin adding a.Lse_pLar~alte drarge ttol~your Z 5295 If~./ayf~t~er?~r.l":ewing E?N~COeRE dotipn/'g)L}u~nJep art 1nol~c~hal~rgc~~, you
..M.Y4y b~. / l~ 1Wg erg yQr ~ ~c L...i ~ ~l\IJIL Wll pay ~l 31~ 40..J.[\. W ^..Iw-~ A • l(~e Ju 1 ...A.. 1 v~ '.~,.1 ~Q~f v41 F4Jwuu
channels you have as of June 2,1991, the amount you will 3 a more 51,00 I tdo-s,.. ~ center at 1-800-d75.2??S extension 43 through
pay each month for ENCORE will be only 3L00. F~e ~..~\\ise August 15,1991 and After June, ENCORE w~ be Idle
not to ;\.~.,.~e this ...~:11y ~ through He-1992. Rr......_.l. ~ , these cam. b w. vvr~l Daly . , if yar ...d...,., the any other optiaaal su - yw may cancel at a by call-
unless yw Induce the mmmbrS of prernnun pay su ,..,.,.y (such nanaber o[ r. - pay ebaamels that yao are .,......:1.-.d mg yarn cable systems affxe. We'll be td5ag yw mare abo~
as HBO. St_,.11;...t. I?isney, C'uxrnaz, or Tbe Movie channe!) as of June 2,199E U you do not change ~ ~ level of eerv~- ENCORE and yarn optiaag to . it in the months.
nn ' _ ~ . to ~ E ~ ~c _ ....era ~ . ~ r or ot>atim. dne .acne ' _ rma ~ ~ - _ ~ ~ Y,e ~ ~i delta ras hudtttion d~ ata oferta at par'
faoor Aanw
obtsin a _ ~ ,1 de+ic2 fivm m a _ _ _ : - ~.~F1V(.'ORE b :raihble is .eleced ue.. aa1X ThL alter noe a.ai}at>je to ttlefono !a af~ciaa. Grucias!"
e.~H~~
P.O. BtZC 3219
FNGI.n n wu, CO 8QJ5~>9034