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HomeMy WebLinkAbout1991-12-10 Support Documentation Town Council Work Session ~ ~ VAIL TOWN COUNCIL WORK SESSION TUESDAY, DECEMBER 10, 1991 2:00 PM AGENDA 1. PEC Report. 2. DRB Report. 3. Town of Vail Bus System -Modification Options. 4. Discussion of Adjustable Rate U.S. Government Securities Fund. 5. Information Update. 6. Council Reports. 7. Other. 8. Adjournment. C:WGENDA.WS VA{L TOWN COUNCIL WORK SESSION TUESDAY, DECEMBER 10, 1991 2:00 PM EXPANDED AGENDA 2:00 p.m. 1. PEC Report. 2:10 p.m. 2. DRB Report. 2:15 p.m. 3. Town of Vail bus system -modification options. Ken Hughey Action Requested of Council: Review/discuss available options and provide staff with direction. Backaround Rationale: During the public input session of December 5, 1991, relating to possible modifications to the existing Town of Vail bus system, those in attendance were assured staff would provide Council with options addressing concerns expressed by the community. 3:15 p.m. 4. Discussion of adjustable rate U.S. Government Securities Fund. Steve Thompson Action Requested of Council: Review and question as necessary. Backaround Rationale: Presentation of adjustable rate funds for investment of municipal dollars. Staff Recommendation: Approve rates for investment. 3:30 p.m. 5. Information Update. 6. Council Reports. 7. Other. 8. Adjournment. C:~AGENDA.WSE 1 PLANNING AND ENVIRONMENTAL COMMISSION December 9, 1991 AGENDA 12:30PM Site Visits 1:30PM Work Session 2:OOPM Public Hearing Site Visits Work Session 1. Joint Work session between Town Council and Planning and Environmental Commission to discuss the proposed U.S. Forest Service land ownership adjustment policy. Presenters: Rich Phelps/Mike Mollica WITHDRAWN FROM AGENDA 2. 2. A request for a work session to allow a change to an approved . development plan, Tracts A and B, a part of Parcel A, Lions Ridge Filing No. 2, commonly referred to as The Valley, Phase II. Applicant: Crossview at Vail Properties, Inc./Steve Gensler Planner: Andy Knudtsen Public Hearinq 1. 1. A request for a conditional use permit for an outdoor dining patio for the Gallery Building (Russell's Restaurant), located in the Commercial Core I zone district, 228 Bridge Street/a part of Lot A, Block 5, Vail Village First Filing. Applicant: Ron Riley/D.R.R., Inc. Planner: Mike Mollica 2. Presentation of the Art in Public Places Board (AIPP) Conceptual Proposal for the Village Transportation Center Project. Planner: Shelly Mello 3. Discussion of a request by Upper Eagle Valley Water and Sanitation District to discuss the definition of temporary structures. 4. Appointment of PEC member to serve as liaison with Housing Authority through February 1992. 5. Reminder of Boards' Christmas Party on December 15th. 6. Approval of PEC meeting minutes from the October 25, 1991 and November 11, 1991. 7. Discussion with Telluride Planning Commission and staff concerning planning issues. 8. Walking tour of Village and Lionshead with Telluride PEC followed by Dinner. } DESIGN REVIEW BOARD AGENDA DECEMBER 4, 1991 3:00 P.M. SITE VISITS 2:00 P.M. 1 Gourmet to Go - 1031 S. Frontage Road 2 West Vail Texaco - 2313 N. Frontage Road West 3 Hughes Residence - 1475 Aspen Grove Lane 4 Chart House - £10 West Lionshead Circle 5 Forbes Residenc~~> - 186 Forest Road 6 Sabi Awning - Vail Gateway Plaza AGENDA 1. Gerhardt/Ross - Enclosure of spa addition JK 1881 Lionsridge Loop, Vail Point Unit #30/Lot 1, Block 3, Lions Ridge #3 MOTION: SECOND; VOTE: Staff approved. 2. West Vail Texaco - Seasonal plant products business JK and Sign. 2313 N. Frontage Road West/Tract B, Vail Das Schone Filing #1 MOTION: George Lamb SECOND: Pat Herrington VOTE: 4-0 Consent approved with conditions. 3. Forbes - Demo rebuild New Single Family Residence JK with caretaker unit. (Conceptual). 186 Forest Road/Lot 9, Block 7, Vail Village 1st MOTION: SECOND: VOTE: Conceptual - no vote taken. 4. Kaiser/Hall Residence - Review of Primary/Secondary SM Connection. 4876 Juniper Lane/Lot 3, Block 3, Bighorn 5th Addition MOTION: George Lamb SECOND: Pat Herrington VOTE: 4-0 Approved as submitted. Primary secondary connection to be 5 foot wall with 3 feet of stone and 2 feet of stucco with wood gate. 5. Chart House - Sign Variance SM 610 West Lionshead Circle/Landmark Building MOTION: George Lamb SECOND; Connie Knight VOTE : ~ 4-0 Recommended for approval as described by staff memo. 6. Hughes Residence - New Primary/Secondary (Conceptual) AK 14'75 Aspen Grove Lane/Lot 4, Block 2, Lions Ridge #4 MOTION: SECOND: VOTE: Conceptual - no vote taken. 7. Gourmet to Go - Roof top mechanical AK 1031 S. Frontage Road/Cascade Crossing MOTION: George Lamb SECOND: Connie Knight VOTE: 4-0 Approved with the condition that the applicant paint the additional mechanical equipment to match the existing mechanical equipment. MEMBERS PRESENT: MEMBERS ABSENT: Ned Gwathemy Sherry Dorward Pat Herrington Connie Knight (PEC) George Lamb STAFF APPROVALS: Slifer Design - Exterior Christmas window decorating. Slifer Building Sheppard Duplex - Replace 3 aspen with 2 spruce. Lot 3, Block 1, Vail Village 6th Elk Creek Townhomes - Changes to elevations, Lots 5 & 6. Lot 34, Block 1, Vail Potato Patch Wackeralie Residence - Minor changes to exterior. Lot 1, Lions Ridge Subd. #2 Hong Kong Cafe/Louie's - Railing adjacent to Louie's entrance. 225 Gore Creek Drive Josey Residence - Color change. Lot 3, Block 7, Vail Village 1st Lot 24 Dauphanais-Moseley - Dormer Addition. Lot 24, Dauphanais-Moseley Subdivision Tyrolean Inn Sign - Relocation of existing free standing sign. 400 Vail Valley Drive Ryerson Residence - Enclose existing deck. Lot 16, Block 5, Bighorn 5th Roxy Sign - Grey awning with white sign. Lodge Promenade Paulson Addition - Remove 3rd floor from plans approved by DRB and color change. Lot 8, Block 1, Gore Creek Subdivision Kloser Residence - Changes to approved plans. Lot 2, Block 6, Vail Das Schone #2 Ausnit window addition - Addition of 2 sliding glass windows. Lot C, Block 5-C, Vail Village 1st Vail International Building window addition - Add two new windows to existing prestress wall. Lot 4, Vail Lionshead 2nd Filing Moritz - Install portable hot tub. Lot 13, Block 1, Vail Potato Patch Alternative A Description: Return to the Winter, 1990/91 West Vail schedule. This includes the West Vail North and West Vail South routes, and would discontinue the opposing loops. Service Aspects: Peak Hours: 6:00 a.m. - 10:45 a.m. 2:15 p.m. - 7:30 p.m. During peak hours, service frequencies are 20 minutes for West Vail. South, and 15 minutes for West Vail North. Off-Peak Hours: 10:45 a.m. - 2:15 p.m. 7:30 p.m. - 2:15 a.m. During off-peak hours, service frequencies are 40 minutes for West Vail South and 30 minutes for West Vail North. Incremental Cost: $6081/year Alternative B Description: Return to the Winter, 1990/91 West Vail Schedule, including the old West Vail North and West Vail South routes. In addition, add a U-shaped West Vail Connector bus that would run between Red Sandstone School, the West Vail four-way stops, and Concert Hall Plaza. Service Aspects: Peak Hours: 6:00 a.m. - 10 :45 a.m. 2:15 p.m. - 7:30 p.m. During peak hours, service frequencies are 20 minutes for West Vail South, and 15 minutes for West Vail North. Off Peak Hours: 10:45 a.m. - 2:15 p.m. 7:30 p.m. - 2:15 a.m. During off-peak hours, service frequencies are 40 minutes for West Vail South and 30 minutes for West Vail North. West Vail Connector would run from either 10 a.m. to 4 p.m. and from 6 p.m. to 12 a.m., or from 10 a.m. to 10 p.m. During these intervals, the service frequency would be sixty minutes (it would take one hour to do one round trip starting and ending at Red Sandstone School). Incremental Cost: $47131/year Alternative C Description: Modifies opposing loops so that Days Inn and Buffehr Creek area stops are included in both loops . Shortens loop times so that each loop is completed in 45 minutes. Requires that two additional buses be added during peak hours. Lengthens the peak hours to those that were in effect during 1990/91. Service Aspects: Peak Hours: 6:00 a.m. - 11:00 a.m. 2:00 p.m. - 7:45 p.m. During peak hours, service frequencies would be 15 minutes for each loop. Off-Peak Hours: 11:00 a.m. - 2:00 p.m. 8:00 p.m. - 2:00 a.m. During off-peak hours, service frequencies would be 45 minutes for each loop. Incremental Cost: $75,256/year Alternative D Description: Same as Alternative C, except that off-peak service would also be supplemented by two additional buses. Service Aspects: Peak Hours: 6:00 a.m. - 11:00 a.m. 2:00 p.m. - 7:45 p.m. During peak hours, frequencies would be 15 minutes for each loop. Off-Peak Hours: 11:00 a.m. - 2:00 p.m. 7:45 p.m. - 2:00 a.m. During off peak hours, frequencies would be 22.5 minutes for each loop. Incremental Cost: $136,069/year Proposed Golf Course Modifications Description: Modifies Golf Course route so that buses express out to Clubhouse in morning and travel west bound through the Golf Course neighborhood along Vail Valley Drive. Reinstalls drop off at Golden Peak near Manor Vail. Still includes service to Ford Park, but only twice per hour (versus four times with current schedule). Incoming East Vail buses (four per hour) are still available to serve the Ford Park stop, as necessary. The route is reversed in the afternoon (after 2 p.m.), and picks passengers up at Golden Peak, travels east bound through the Golf Course neighborhood to the Clubhouse, and expresses back to the TRC along the Frontage Road. One additional run at 7:30 p.m. has also been added to the schedule, to reduce a long gap in service. Service Aspects Hours of Operation: 6:30 a.m. - 7:30 p.m. (East Vail and Golf Course are combined after 7:30 p.m.) Service frequencies would remain at 30 minutes. Incremental Cost: $1520 G1S ra ro ~i * ~ Franklin Fund Income Analysis Original Investment $i ,000,000 Purchase 100,000 of Franklin Fund @ $10. a Share Additional Interest Income $23,100 Franklin is Currently Earning 231 BP Over Money Market \ Yields Lost Additional Interest Income $10,000 If in One Year The Share Price Declined 10 cents a Share Net Additional Interest Income $13,100 The Additional Annual Yield on the Franklin Fund Would be 131 BP Over Money Market Yields D s t ,.ti FRANKLIN ADJUSTABLE U.S. GOVERNMENT SECURITIES FUND MONTH-END NAV/MONTHLY INCOME DATE ~NAV IX--DATE DIVIDEND ~ 10/30/87 SI0.00 ~ - 11/30/87 SI0.00 - 12131/87 510.06 - 01/31/88 510.17 02/29/88 510.25 - „ 03131/88 510.31 04130/88 510.26 ~ OQ/!S/88 O.Od9 05131/88 510.17 05/13/88 0.069 06!30/88 S10.I9 06/15/88 0.069 07/31/88 510.14 ~ 07/15/88 O.O~b9 08131/88 S10.09 05/15/88 0.069 09/30188 SI0.10 09/15/88 0.069 10/31/88 510.13 ]0/14/88 ~ 0.069 11/30/88 SIQ 10 11/1S/88 0.069 12/31/88 510.07 1Z/1S/88 0.069 01/31/89 510.07 01/13/89 0.070 02/28/89 510.02 02/15/89 0.070 03/31/89 59.99 03/15/89 ~ 0.074 04/30/89 510.03 .Od/14/89 0.074 05/31/89 510.04 QS/15/89 0.074 06/30/89 510.06 0~6/1S/89 0.081 07/31/89 SlO.OS 07/14/89 0.083 08131/89 510.04 08/15/89 0.083 09/30/89 S10.OS 09/15/89 0.083 10/31/89 510.08 10/13/89 0.093 11130/89 510.08 ll/1S/89 0.093 12/31/89 510.09 12/15/89 0.093 01/31/90 510. QS 01/15/90 0,093 02128/90 510.03 02/15/90 0.093 03/31/90 510.02 03/15/90 0.090 04/30/90 510.00 04/12/90 0.088 05/31/90 S1D.00 OS/15%90 0.089 06/30/90 59.99 06?IS~O 0.086 07131/90 SI0.00 07/15%90 0.083 08/31/90 59.99 08/IS/DO 0.080 09/30/90 59,99 09/14/90 0.080 10/31/90 59.98 10/15%90 0.080 11/30/90 59.97 11/15/90 0.080 12131/90 59.98 12/14/90 0.080 ~ Please refer to the detinitions page. a FRANKLIN AD1 LISTABLE U. S. GOVERNMENT SECUR! ~ ~S FUND ' MONTH-END NA V/MONTHLY INCOME DATE ~NAV ~X--DATE ~D1V/DEND I 01/31/91.... .$9.99. , : DI/1S/91 ; : ; : 0.077 . 07J28/91 SI0.00 02/1S/91 0.075 03/31/91 ;:..,::...`..510.01 03/1S/91 0.073 04/30/91 510.00 04/IS/91 0.073 /31/91 ` _ _ < .:::59:99..:;;:_ QS/IS/91 0.070 : , . 06/30/91 59.96 045/14/91 0.068 07/31/91 $10.00 0.065 08/31/91 $10.01 _ _ _ 0.064 09/30/91 _ $10.04"~ - 0:061 10/31/91 $10.04 0.060 11/30/91 $10.01 0.059 12/10/91 $10.02 0.056 ;z J .~'.R.A~'tiT.F~.~.~~ A~~T~'~`~A.B~~' ~.S'. ~(3V~'~~.~rl~.~~ Sr.~'C~~.~?T.~~S' .~`~~.~J ?n Re~tzve ice ~'L~~~,tdt~.ons Vs. 10-- ~c 3f~--dear ~'refxsury Bonds a ~ J~or~,t~-E~d ~Tet Asset Yatues: Dc~ober X9187 Sf~tern~ier X991 »-0.00 ~ 30 Yeol' Troos~y 14.3758; iAak. t 1 /15/12 0 130.00 1t) Yetis T ~ 1Q 87571: ilkd. 2/f 5/93 ~ e~ AdJ llS. 6D1IT SEC h ~ 120.00 ~ 1 4 M ~ 0 ~ P X 1t 0.00 ~ R E ~ I ~ ~ _ G T 4 ~ E O 10©.04 _ _ ro+ w 4 ~ 0 ~ 80.OD o ~.00 Sotxea: $IC~.. ~ rn ~o.o© Illill1111l111.1111lIlIIIIlIIIllillllllllllllJl} ~ ,O/a~ ~o~$$ toss 10/80 s/s1 This groph itlustrotcs the cttionge in r+et asset value of a singio Shore. ere purchosed at 1fie public offering price, which is itae rxet vssd value price ~ plus a moximurn 4'X sates charge. ~eolers receive 1t]07C of the fund's moximurrt 4°i; upfront soles charge. Pius Or1 onnuot 25 basis pDirit. 32b-1 fee tx1 setinvested dividends- fiividends ond.copiiol gains are reinvestrci of net asset value. The value of Treasuries. if held to maturity, is fixed: pricipal is guaranteed vnd interest is fixed. Post perforrrwnce is nat on indieotiot~ of future results. F~2ANKt_Itd f)ISTRIBlJTf3RS, tNC. -FOR €IEA~ER USE DNLY - 1` ~'.RA1~TK~I~T ~1~~~~5'~'.~.8~~' ~T.~'. G(JV.~'~~~.I1rT !SEC`UI~'~T.~~'S' ~'~I.~iTD ~ Quar~er'l~ Distribut~.on R~..:ir~s--Vs. 1-Ye[LT ~1'erxszcry Bil?~ Ytiedars: J~.t.9'te 1988 - Septe7xt.ber ~ 99`1 1~.ao~ ~ EC Yield for Period Ended 10/31 /91: fi.87~ 1 2.00 SEC Averti a Annual Total Returr{ Period Ended 10 j31 /91 1 1'R, Inception 0 5_i)fi~, 7.~8~ ~ 1 1.40~ h W ~ 1 0.00% ac ~ H - ~ ~ 8.00% .,'::o - z a ~.oa~ w . ~ s_aa~ r.t 5.00~ ~ 1-Year Treasury Bi11 ~ - - Q Constant BAaturity 4.0p~ Franklitn Adjustable U.S. Government Source: Salomon Brothers, Ine_ Securities 3.00 I I ( I f ~ 1 ! I ~ I I I Q 6-88 12--88 6-89 12-89 6-9D 12-90 6-91 ~ Shares are purchased at the public offering price, ehich is the net vsse# valve price plus o moxirrxvn 4:6 soles ~.1... The fund's distr~?utiors rate i9 based on the morrth end offer'ting price and on arwalization of the fund's then most recent dvidend. SEC Aver+oge Amucsl Total Return ossufnes reinvestment of dvidends vt tt~e offering price and capital gains at net asset voiue- t7ealers rece!ve 1f10~ of the funrJ's rnaximvm 4~ upfront sates charge, plus nn amuol 25 basis point. 12b-1 fee or3 reirrvested divufends. Dividend and copitaE gains are reinvested tIt net asset value. The value of Treasuries, if held to maturity, is fixed; FRANKLIN FUN D ADJUSTABLE U.S. GOVERNMENT SECURITIES FUND Yield Comparrison December Franklin Treasury Auction Fund Year Yield Yield 1989 1 Year 7.66% 10.62% 5 Year 8.72% 1990 1 Year 7.02% 9.23% 5 Year 7.95% 1991 1 Year 4.37% 6.60% 5 Year 6.18% s TO: TOWN COUNCIL FROM: Steve Thompson and Shelly Raemisch DATE: December 5, 1991 Enclosed are two short articles on adjusted-rate mortgage funds. The first appeared in the Los Angeles Times on Sunday November 17, 1991 and the second is an article that appeared in the November 1991 issue of Investment Exchange published by Fidelity Distributors Corp. These articles give opposing views on adjustable rate motgage funds. We felt it was important to show the council the positive and negative characteristics of ARMS. ARM funds concentrate on the short term with rates that readjust every few months, a conservative investment. The purpose of these funds is to provide to investors a product that has a focus on safety and on yield. ~n~, - - - y~."~ . F• 3' t LOS ANGELES TIMES 11~~r~~ y MUTUAL FUNDS /RUSS_wtLEs Mortgage-Related In~estn~ents Are Catching On o-load mutual fund compa- nies have finally joined the focus. The rates on ARMS typically ARMS race, and that's good NeW Funds on the S~oCk readjust every few months, which news for yield-conscious individu- makes them very conservative, als who don't want to pay a sales `his maybe a rece~-s~on year, but mutual fund companies r with little price volatility. At the 1 apparently haven't noticed. Net sales are rmsnu~g nearly 40;~ same time, they pay higher yields charge when they invest. abo~ a last years pace and more tha~~ '?Ck? re .e funds have hit the than short-term Treasury bills and With short-term interest rates streets Some of the more T~nusualchotces include_ the mutual funds that hold them. • at their lowest levels in years, - ~ For example, Benham's ARM people are clamoring for attractive ¦ The Franklin California 25x7 Growth Fund (,4 7 ~ load}, v, hick invests fund, which now yields 7.3%, de- yet safe places to stash their cash. tn.an Hides of 250 in state companies The:fund ~s Brand new, but buted at $10 a share and has stayed ARM, or adjustable-rate mortgage Franklin says the nde?r has gained more than 4U~a' this year. within 10 cents of that level ever funds, with current yields in the The G. T: Latin America Growth Fund (x.75.% load;)';:w•hich invests,n since. Stephen Brown, a co-portfo- 7% to 8% range, fit the bill pretty Mexico and four Soath American counia•ies. This fviid: launched.in' lio manager, figures that the fund's nicely. These vehicles pay more August , has S13S> rimiltian in assets. Because of the illiquid nature of price would rise or fall by only 15 than certificates of deposit or mon- the Latin hourses, the portfolio has:temporarily,closedits door to. ~ to 17 cents for each percentage ey market funds, while subjecting new investors but might reopen, irrihe spring It's offered by G: T. point change in interest rates. This investors to less risk than most Capital ltfanagementof San Fiaticisca low volatility means there's not short-term band funds. "ARM ¦ The Scudder Short-Term Global Income Fund, the.first no-loae} much chance for capital gains. But funds are definitely the hot area ortfolio of its kind: Funds;in this cate~or ho eao ca italize on investors-es eciall those trans- right now," says Don Phillips, edi- P y ~ P p y for of Morningstar Mutual Funds, a ,higher yields ava;Iabte in otherhations 'tvhtte tising;l?edgiiig (erring money from bank ac- Chicagoinvestment publication, techniques to s`innnize the cut °ency n~k .'.The.price of the - counts-seem more interested in Boston-based.;cudder fund haan E.varted by more.than3;o ~tnce its• safety and yield than appreciation The Franklin Group of San Ma- launch date in ylarch, despite a strong Year for the iiollar. potential. teo, Calif., came out with the first It's important to emphasize that ARM fund in 1987. However, the ' ¦Also of interest is Shearson Lehman Bros..' new:Trak program. which isn't a muit.tal fund:buti•athet a lower cost.wra fee account. ARM funds aren't as stable as idea took awhile to catch on. After _ P-.: . Franklin proved it could work, Trak.,.offers professional trtaiiagement and diversification among I1'' money market funds, which have a other load-fund companies started different mutual funds along tivith per~onaltzed attention from a virtually flawless record of avoid- to unveil competing products at the 'broker: Typtcal:wrap accpi}nts Haight charge 3 ~"o in.annual fees ai~ri ~ ing losses for investors. beginning of this year. Many come require 5100 000 0~ more,: but Ti•ak.co~ts ls5 ~ a yeas, with a S1Q,000 "I have a problem with ARM with sales charges of 4qo or so, minimum through Der.3I'(S25.OOOthereafter). funds that are pitched as a money which obviously amounts to a fair- fund alternative," Phillips says. He size hurdle on an income product. points out that the Securities and Ehccluding sales fees, the average cafes that the concept is a sound They invest in bond-like securities ~cchange Commission sets tight ARM fund delivered a 9.1% total one, Phillips says. "Load compa- backed by pools of residential standards for what a money fund return during the past 12 months, Hies are typically the innovators in mortgages. Many of these securi- can and can't invest in; the re- Lipper Analytical Services reports. the mutual fund business, and no- ties are issued and guaranteed by Quirements for ARM portfolios In early September, Benham load groups follow with their own federal housing agencies, such as aren't as strict. Capital Management of Mountain In short, ARM funds can-and ' View, Calif., became the first no- s do-fall in price from time to time. load group to enter the ARM fray Plus, they can be stripped of their and has since attracted an impres- The fact that no-load companies have unveiled ARM most valuable bonds during periods slue $175 million by appealing to funds indicates that the concept is a sound one. `Load when homeowners are busy trad- investors who don't want to a a ing in their adjustable loans for P y companies are typically the innovators in the mutual fixed-rate mortgages. sales commission. More recently, Baltimore-based T. Rowe Price, fund business, and no-load groups follow with their "A worse-case scenario for us another big no-load outfit, started own products in categories they think will pan out.' Would be a dramatic rise in short- an adjustable-rate mortgage fund. _ term rates with long-term rates There are 13 ARM funds, reports DON PHILIPS staying the same," says Brown, Lipper, compared to just the Morningstar Mutual Funds since that would result in wide- Franktin portfolio at this time a ~ spread ARM refinancings. In addi- year ago. Yet Franklin's fund re- lion, the funds' yields will tend to mains the lazgest, with $3.2 billion lag during periods of rising interest of the total $5.2 billion in assets for products in categories they think the Government National Mort- rates. [he group as a whole. will pan out." This explains why gage Assn. (Ginnie Mae). This Still, ARM portfolios fill a seg- The fact that no-load companies there was never a Fidelity Option gives the securities top ratings for ment in the market for low-risk have unveiled ARM funds indi- Income Fund or a Vanguard Gov- credit-worthiness. although they income products. And the emer- ernment Pius Fund, he says, in can fluctuate in price. Bence of no-load funds is a happy RiJSS WILES is an /rvinc refer?nce to two fad categories. ARM portfolios aren't the only development for people who don't Al:~i funds strive to bridge the type of mutual fund to hold mort- want to go through a broker, at a financial ?vritcrspeciali;.inb'rtt risk-retui:t gap between morev gage-backed securities, but they cost that might offset ahalf-year's mutual firnda•. marke? 2nd short-term bond funds. are unique in their short-term yield or more. What about ARMS The latest fad in some governmental circles is ARMS (adjustable-rate mqr[- gage securities or other comparable adjustable-rate securities). Conceptu- ally, these instruments offer some in- terestingproperties that are valuable to government investors from time to time. Because yields on adjustable-rate se- curitiesare reset periodically. investors are protected trom much of the market price volatility that sometimes afflicts long-term securities. In the case of adjustable-rate mortgages, the market often sees consumer loans underwrit- ten with rates resetting 250-275 basis result in negative price changes when points above one-year T-bills, which interest rates move upward abruptly. leaves an interest stream well above Under such circumstances, the securi- short-term Treasuries even after mort- ties begin to behave more like fixed- gage servicing fees, securitization, rate GNMAs and long-term bonds than brokerage and mutual-fund expenses short-term instruments-andatexactly (if purchased through a fund). the time that investors would be most • interested in selling them to lock up As many readers know, however, there high long-term rates. is no such thine as a free lunch in the securities market, and this is true of the Finally, readers should be aware that AR~~IS market. First. there are issues of massive retail mutual fund demand legality: few public investors canpur- (funny how that comes up again!) has chase AR~I sec~irittes ur.'.ess permitted spawned a rush in the industry to launch by statute as a federal asencv security. ARM products. Demand for adjust- The author rs not aware of any state able-rate paper has recently skyrock- statute that explicitly allows local eted, pushing prices above levels that government funds to be invested in a many bond professionals consider to mutual fund that purchases ARMS be good value. In other words, the unless they are fully guaranteed by the market for this type or paper is very ~~r~~i 5tatesttmosr are not or limited rich right now because demand is so in final maturity (what homeowner strong and supply is tight as wants a tiye-year mortgage homeowners shift into low fixed-rate mortgages. Again, contrarians take The second problem with ARMS is that note: this would not seem a smart time reset rates are not fully flexible; typically to be a buyer ofadjustable-rate-securi- the annual and lifetime rate ceilings can ties. i 4. ~ f3 ' '9 ,yE ~ r t.Y` R3 F x~, ,e CC ~ C~wu~P.c.C. Ron Phillips 75 S. Frontage Road West Vail CO 81657 Dear Ron, The joint Colorado Ski Country USA/Colorado Association of Ski Towns' Twelfth Annual.Legislative Tour is being held the weekend of Januarv 31 - Februarv ~ 1992,, in Kevstone. , A tentative Agenda has been enclosed for your information and to help with planning your schedule. Please refer to it when filling out the Registration Form referred to below. We have contracted for one bedroom condominiums at Keystone's Village Condominiums (around Keystone Lake) for $140.00/night, plus a 4.7% surcharge, based on two people. Each additional person occupying the same suite will be charged $15.00 per night, with children 12 years old and under free. Check-in time is 4:00 P.M. and check-out time is 11:00 A.M. This year, as was true for the last couple of years, rather than phoning the hotel directly with your room requirements, please fill out the enclosed Registration Form and include all the other requested activity information. We will be sending in a detailed rooming list directly to Keystone. The deadline for response is no later than Fridav, December 20th. This should be a fun event and, with your total cooperation, it should prove to be successful. Please call Robyn Kurtz or myself at 837-0793 with any questions or comments. Sincerely, Rennetta M. Lueckenhoff Director, Governmental Affairs Colorado Ski Country USA Enclosures: Tentative Agenda, Registration Form, Brochure & Envelope j ~ ONE CIVIC CENTER PLAZA ¦ 1560 BROADWAY • SUITE 1440 ¦ DENVER, COLORADO 80202 ¦ 303.837.0793 TENTATIVE AGENDA 1992 LEGISLATIVE TOUR - KEYSTONE RESORT JANUARY 31 - FEBRUARY 2, 1992 FRIDAY. JANUARY 31ST . 3:30 P.M. - Meet at Capitol grounds for bus trip to Keystone 4:00 P.M. - CAST Meeting in Keystone Lodge (members only) 5:00 P.M. - Arrive at Keystone and check into Village Condos 6:30 P.M. - Cocktail Party in Lakeside Suite at Keystone Lodge 8:00 P.M. - Transported to dinner at various local restaurants ' SATURDAY. FEBRUARY 1ST 8:00 A.M. - Breakfast at Keystone.Lodge 8:30 A.M. - Colorado Ski Country USA Program ' 10:00 A.M. - Skiing (downhill) - Skiing (cross country) - Non-skier activities (ice skating, tour of Keystone) 12:30 P.M. - Lunch on-mountain (non-skiers can take a gondola • ride to the North Peak Deck. and join the skiers) 2:00 P.M. - Nastar Ski Race.for all levels of skiing ability 6:00 P.M. - Cocktail Party at base of River Run gondola 7:30 P.M. - Gondola rides to The Outpost restaurant ' 8:00 P.M. - Dinner at The Outpost SUNDAY. FEBRUARY 2ND 8:00 A.M. - Breakfast at Keystone Lodge 8:30 A.M. - Colorado Association of Ski Towns Program 10:00 A.M. - Skiing (downhill) - Skiing (cross country) -.Non-skier activities (ice skating, sightsee, swim, relax) - Shopping trip to factory outlet stores in Silverthorne 10:00 A.M.-3:30 P.M.- Changing room available in Keystone Lodge 1:30 P.M. - Late Lunch at Keystone Lodge 3:30 P.M. - Bus departure to Denver 5:00 P.M. - Arrival at State Capitol grounds w . 0~~'!J~1/~1:5 f 'f~l_! fiJ iL`L`U~~L ! Jr~ rS! :~1'f'I'I_ TJ!JR CAST MEMBER'S REGISTRATION FORM Please complete the following information, including indicating the number of people who will participate in each function/activity (by marking 0, 1, or 2 peop'1e),1~1and return ~ this REGISTRATION FORM ~no later than rf~~r~;.~~f., '`t J 11~/11~ J r~ =.~-~-r~r~ rl-1 r~J ~ ~~J~ CAST MEMBER'S NAME JOB TITLE MAILING ADDRESS CITY STATE ZIP WORK PHONE # HOME PHONE # GUEST'S (SPOUSE'S) NAME TRANSPORTATION people will take the_BUS from the Capitol grounds to Keystone on Friday. ..people will take the BUS from Keystone to the Capitol grounds on Sunday. people will use their own transportation to and from Keystone. LODGING (Keystone Village Condominiums, Keystone) people for Friday night only. people for Saturday night only. people for both FRIDAY & SATURDAY NIGHTS. Keystone's Village Condominiums surround Keystone Lake. The One Bedroom/One Bath Suites include either a queen-sized bed or a double-sized bed in the bedroom. The living room has a sofa that makes. out into a double-sized bed. You'71 enjoy having a full kitchen and a living area that includes a fireplace. State special requests, i.e. baby crib, rollaway bed, etc.. (Remember to bring your swimsuit to use in the heated outdoor/indoor pools, the sauna, and in the hot tubs!) Price per night is X140.00 (plus 4.7X surcharge) based on single or double occupancy. For each additional person over double occupancy, add X15.00/person/night. Children 12 and under stay free. (CAST Members [and guests] will be billed for their lodging expenses after the 1992 Legislative Tour.) FRIDAY NIGHT ACTIVITIES people will participate at the Welcome Cocktail Party in Keystone Lodge. people will eat dinner at a local restaurant. (CAST Members [and guests] will be billed after the 1992 Legislative Tour.) .SATURDAY ACTIVITIES people will eat breakfast during CSCUSA's Program in the Keystone Lodge. Side 1 of 2 SATURDAY ACTIVITIES (cont. ) ~ ' people will participate at the pre-dinner Cocktail Party in River Run Plaza prior to the gondola ride to The Outpost. people will eat dinner at The Outpost. (A dazzling 2-mile-high luxury day lodge and restaurant that sits atop North Peak.) CAST Members (and guests) will be billed after the 1992 Legislative Tour. A. SKIER CHOICES 1. people will need alpine (downhill) lift ticket(s). people will need alpine ski rental equipment. people will need alpine Never-Ever-Skied group ski lesson(s). people will eat lunch at North Peak Deck, an on-the-mountain restaurant. (Lift tickets for the gondola ride to lunch will be provided for non- skiers.) people will participate in an after-lunch NASTAR course Ski Race. 2. people will participate in nordic (cross-country) skiing at Ski Tip Ranch. people will need nordic ski rental equipment. people will need nordic Never-Ever-Skied group ski lesson(s). B. NON-SKIER CHOICES 1. people will take a Tour of Keystone base area including Keystone's new Conference Center. 2. people will ice skate on Keystone Lake. (Remember to bring your ice skates!) SUNDAY ACTIVITIES people will eat breakfast during CAST's Program in the Keystone Lodge. people will eat a late lunch (1:30 P.M.) in the Keystone Lodge. A. SKIER CHOICES 1. people will need alpine (downhill) lift ticket(s). people will need alpine ski rental equipment. people will need alpine Never-Ever-Skied group ski lesson(s). 2. people will participate in nordic (cross-country) skiing at Ski Tip Ranch. people will need nordic ski rental equipment. people will need nordic Never-Ever-Skied group ski lesson(s). B. NON-SKIER CHOICES 1. people will participate in a shopping tour at the factory outlet stores in Silverthorne. 2. people will ice skate on Keystone Lake. 3. people will sightsee, shop, relax, etc. on their own! MISCELLANEOUS COMMENTS o A confirmation of your reservation will be mailed to you no later than Friday. January 17, 1992. Along with your confirmation, a MAP showing the location of Keystone Lodge, where you will be registering, will be included. o Please return this YES or NO reply REGISTRATION FORM, .in the enclosed stamped envelope, no later than FRIDAY. DECEMBER 20, 1991. If you have any questions, call Robyn Kurtz of Julie Arterburn at 837-0793, Colorado Ski Country USA, 1560 Broadwav~ #1440, Denver, CO 80202. r R aa~ . ` _J COUNCIL ,PEC , DI~~,,~I PP. ,gin NOU51 NCB At...tTNO{~I7`(M~'"1~,~5 DECCI-1 ~ I ~ I 5 vNnAY ~ ~ oo P~ ~o ~ ~c~0 %r~ NOSTEC~ S~-IEr ~ DORI,~l,~~ a~.,~ K;2?~Td~! ill l~ ~'1" ~N~ CO NI~D r'1 I N I U M5 . uN l-T 3? Ic14 ~u~r-~Hf~ C~~~K ran ~~~K O?~1 '(Up O~ i~~l~l NC-_~ `~rt?~~1~ 12E f~~ K- - AT 4~1~1- ZI3g C-QUEST ,AND FA("1?L~`~ ~I ~r~~ JIM L~IMONT 013038275856 P.01 REC'i, DEC - 4 1991 FAX TRANSMISSION: 2 pages inol~.ding cover. To: Mayor OsterfQSS and Town Council Members From: J~.m Lamont Date: December 4, RE: FrOposed Vail Transportation Master Plan xc : rte, ~o~, JIM LAMOMT 013038275856 P.02 r DEC ~ 1991 oz~~ To: Mayer Osterfass and Town Council Members Pram: Jim Lamont Date: Aece~er 4, 191 RE: Proposed Vail Transportation Master Pian I wish t4 correct a statement made during our discussions regarding the prc~pased nail Tx~ansport$t.~an MStyt~k' Plan at the Town council work session of December 3, 1991. It was represented to the Tawn Council that I had been a frequent participant with the Transportation Task Force during their deliberations that resulted in the proposed Vail Transportation Master Flan. mhe assertion was incorrect. Over the past two years I made requests to be provided with riotioes of the Transportation Task Force meetings and agendas. My requests were never acknowledged or fulfilled. consequently, z was Mot able to articipate iri the deliberations of the Transportation Task Force. v vVw w K KC~.~-Zw. (~N BARBA~RAy~C. WELr~~ . ~4-3.~J L ri' v = qF~"" NOV 6 1991 ~2:~~ iC , t Flo (c~c1G d01~ - a.~"1'1_ . n cam;; ~mb~. 1, 1 ~ 1 \'C1G~~ oc 1~2.nrt t~o~ l' _ ~~j C~i ~ ~O ~S\~ 5~ ~ `;~li~" 101 ~'rZ._r- OU%a-~z C+ _ C 12.0 w ~'jC.`~ } (1C~_ 1 c~\~ Cad . cti~~ t v.tv'C.~`~•~ ~ ~Ja C~~' 1~C1,,~ 1 ~ CUC~51G~~a vn d ~ ~ s rsvn c~ -firv ~ 1L ~C~rlc,i d oclc.i nc~ , rn c,~`~~r lam G c~ c~ S' cg i n G 1 ~ . off- CL bc~ ~,~i ~~C~~,+Y~l L ~''~occC~ . W ~.1~c ~ ROSS DAVIS, JR. c._ . ~';11L \ATIO\;~L BASK BUILUI\G IOr 50l'TH FRO\TAGE RU. W. SUITE 307 POST OFFICE BOX 190 VAIL. COLORADO R165H 303-17h-2111 F~1X 303-179-0167 September 23, 1991 Ms. Kristan Pritz Office. of Community Development Town of Vail 75 South Frontage Road Vail, CO 81657 RE: Master Transportation Plan for Vail Village Dear Kristan: This office represents Olive and Thomas J. Watson, Jr., the owners of Unit 3B, Vail Rowhouse Condominiums. They have asked me to mpnitor the actions of the Town of Vail relating plans for parking or deliveries as it may affect their property. Would you therefore add this office to the mailing list for notification of all hearings and meetings that will affect the areas surrounding the Vail Rowhouse Condominiums. Thank you very much for your prompt attention to this matter. If you have any quest'9n~ ase feel free to contact my office. Sincerer y_,/~ . _ Rosh ~'bawi " r. R z`" e ~v ; FAX TRANSMTSSTCJN: To: ICristan Pritz From: Jim Lamont, Planning Consultant Date: September 1991 RE: East Village Homeowners Association As a response to your letter of September 4, 1991, Hob Galvin circulated copies of your letter and the draft Vail TranspQrtatian plan Executive Summary to the EVHA Hoard cif Directcarsy soliciting their comments. Please be advised that in addition to the objections already publicly stated, there ~.s v~,gorous objection tv the location and/or expansion off' an-street truck loading zones in the ne~.ghDrnc~sod . The congestion and noise that now exist from such activities is unacceptable. Tt is inappropriate for a residential neighborhood, that includes first class hotel accommodations zn its precinct, to be a truck teeming area for the adjacent commercial areas of Vail Village. Qn behalf of the homeowners association, will you plt~ase notify the appropriate town staff and consultants that all on-street truck loading spaces, except for those spaces speei-Fically needed to provide loading services to the area between Miil Creek and Vail Valley Drives should not be recommended ar included in the plan. Would you please notify the association as to the schedule for presentation ofi the final draft of the report. We will need sufifiCient time tCS circulate the appropriate section o~f the plan to neight~arhood property :owners -Far review and ccyrntnent. Please advise. ' i cc: Town of Va.i l , Town Counci 1 _ 13ab Coal vin ' EVHA Soard of Directors ~ I Paul Johnston ~ ' Gordon 8r-ittan ~ Roslyn Valentine i ' i I i I August 23, 1991 Mayor Kent Rose Town of Vail 75 South Frontage Road Vail, CO 81657 Dear Mayor and Town Council Members: As the representative of member property owners of the East Village Homeowners Association, I and Ms. Rosslyn Valentine, a resident of the Golden Peak House, wish to bring our jointly held views to the attention of the Town of Vail. Specifically, our concern focus on two propositions raised in the proposed Town of Vail Master Transportation Study. Our first concern is the proposition to locate a truck parking lot on both sides of Hanson Ranch Road over Mill Creek, on stream tract land. We find the paving over of Mill Creek extremely objectionable and environmentally insensitive. We believe that the natural assets of Mill Creek should be further enhanced not di- minished. Our second concern is the proposal to locate a Truck Docking Facility on the P-3 and J sites. It is our commonly held view that the location of such a facility on these sites will be detrimental to the well being of property owners in our neigh- borhood. We do not believe that locating such a facility on the P-3 and J sites will give relief to the objectionable truck noise and congestion that presently exists in the area. We urge that the Town Council give detailed and comprehensive study to other sites and methods of providing for the delivery of goods to the adjacent commer- cial area. We iointly request that these two propositions be stricken from the text of the Master Transportation Study. Best wishes, i~ ~ ~ 1 ..cam " l!.?-~-!~~<~ %~-•=~7`~` / ~c.~. Rosslyn Valentine Robert W. Galvin 278 Hanson Ranch Road 1303 E. Algonquin Road Vail, CO 81657 Schaumburg, IL 60196 RWG:ch August 23, 1991 Mayor Kent Rose Town of Vail 75 South Frontage Road Vail, CO 81657 Dear Mavor and Town Council Members: Members of Action Vail and property owners associated with the East Village ~InmP~~tunr!. ~.c~C::2.^.~;~!. ..;Sl' tv vl:: ...:i~ i Ciu ii~.~:s t\i t1iG ui:ii;iitlVil Vf the Town of Vail. Specifically, our concern focus on two propositions raised in the proposed Town of Vail Master Transportation Study. Our first concern is the proposition to locate a truck parking lot on both sides of Hanson Ranch Road over Mill Creek, on stream tract land. We find the paving over of iv1i11 Creek extremely objectionable and environmentally insensitive. We believe that the natural assets of Mill Creek should be further enhanced not di- minished. , Our second concern is the proposal to locate a Truck Docking Facility on the P-3 and J sites. It is our commonly held view that the location of such a facility on these sites will be detrimental to the well being of property owners in our neigh- borhood. ~Ne do not believe, that locating such a facility on the P-3 and J sites will give relief to the objectionable truck noise and congestion that presently exists in the area. We urge that the Town Council give detailed and comprehensive study to other sites and methods of providing for the delivery of goods to the adjacent commer- cial area. We jointly request that these two propositions be stricken from the text of the iviaster "i ranspurtation study. Best wishes, ~Gbrdon ~G. Britian Robert W. Galvin 1045 Homestake Circle 1303 E. Algonquin Rd. Vail, CO 81657 Schaumburg, IL 60196 RWG:ch wtccea VAIL BOARD OF REALTORS ~ 0~~ 5 199 2077 North Frontage Road West Vail, Colorado 81657 1-303-476-3598 REALTOR December 4, 1991 Kent Rose, Mayor TOWN OF VAIL 75 S. Frontage Rd. Vail, CO 81657 Dear Kent: We were pleased to receive information from you regarding the "Art in Public Places Vail Transportation Center Project Funding". On behalf of the Board of Directors of the Vail Board of REALTORS I would like to advise you that we are impressed with this project and feel it will be a definite asset to our community. Please keep us informed as this undertaking progresses and feel free to contact us if we can be of any assistance. Sincerely, G. Douglas Ketchum, President VAIL BOARD OF REALTORS I REC'~: DEC - 6 1991 Loren Aoof UDDer Aoof ~ ~ I I i I I Chioney I I I I ~ I I I ~ t I I i I I I I I I I II I I I I ~ ~ ~I I~ ~ I I t I _ I I I I I ~ I I i `ss I I I - - - - - - - ~ ernnnf rota: I I I ~y t I 8 ~ Tyo I Cut out raolr ud ut utdt. _ ` I ~j~ ~ f Cut out troutd hury lino of ttructun, Lam/ • a~'Ay S Winf n ilue oploct, uon /otdt d du4od I I l inu • • - u1 loll uq Ira fou. lcnn I I I e's~ dottt/ lieu tnd lold tortrd fou. 1-i A P P Y d-d O L Z a A Y S! I Fb»~ I Ualn9 tqt, kiq udt o/ run nll tofttpu I I I O ~a~ ~r~ y ud ncurA. ~y;'~ S Fold dou ufitr rool Am tad ttGcA to nrond I rtarr tidt rtll. Steen 6at6 !tilt tad( dt6 I I ~y tnAO to ue/u noon 6uo. I d d roU our lanr roof 6uo, cnttfaf oruAuf I I for forrp, aorc6 tupaarp tad Oorc6 /leor (lofo to /on undtnldt o/lord floor). Atttd to I _ _ _ - _ - I a, ~ Vatulor tldt o! front utrun nll, / fold roof rt/fu, tpu /olJ (Welt dou, cnttiny ~ circulu not tt aup ud ttpt la eltn. Itdcp /writ rt norarn to fora rifAt tnf6t. 1 Attap undhd uldtr ud tore root to roof 0.a~~ ion. f Aardh cpionry tad (tat d lolnp. Attucp cAianq oa loner root tt lt66 tad. - - - - 10 tnroriud until! du for cptldna undtr Id - _ - - - - - - - rill pt (pint! aiautu. CAildnn ore 10 ud ® (dolt(--•taupd loaftr. ~Sr1 ~ UDDef Roof Bete s \\ey - Cut On All Bold Lines ~ /1/~/~~ _ [ I I ~ ~ I / ~ I °O.^ ~ I Dotted Lines-Fold iorerd You B~~P /~--L I II~ I / I ~ ~ E I ` j I Cut Here I ~ li i I I ~ loner Roof Besa / / I II I I o I a II ~ II _ ~ ~ o n o I I{~I a I I ~ I ~ I +PPY orday - t .I ~ I ~ I I I ~ I I~ ~ ~ hI ° I - I I I I I I I ~ , III 1 I II I~ _ WORK SESSION FOLLOW-UP December 6,, 1991 ~ Page 1 of 2 r- TOPIC QUESTIONS FOLLOW-UP SOLUTIONS 8/8189 WEST INTERMOUNTAIN COUNCIL: Proceeding w/legal~requirements for County is not renewing contracts for snowplowing, ANNEXATION annexation. animal control, and police services. (request: Lapin) 7127 UNDERGROUND UTILITIES IN LARRY/GREG: Work with Holy Cross Electric to Public meeting has been scheduled for evening EAST VAIL establish special improvement district(s) for meeting, January 7, 1992. underground utilities in East Vail. 05107 SALES TAX COLLECTION LARRY/STEVE: Research remedies to change this to Draft ordinance forwarded to Forest Service and VA for (request: Gibson/Lapin) a mandatory TOV tax collection. review. 07/09 SNOW REMOVAL ON PRIVATE LARRY: Research ordinance. Larry has been asked to prepare an ordinance for PROPERTY discussion by February, 1992. 09117 STREET LIGHTS PETE BURNETT: The LionsHead Merchants Association Public Works will present analyzed data by spring of (request: Levine) would like to see a couple changes, which might '92. include some of the lighting by Montaneros, which is too bright, and placing it in front of Gallery Row in the Treetops Building, 11/19 NEWSPAPER VENDING MACHINES LARRY: What can be done to make these uniform and Research by January, '92. locations .less prolific? 11126 HOLIDAY MEETINGS COUNCIUSTAFF: There will be no work sessions on December 24 and 31. WORK SESSION FOLLOW-UP December 6, 1991 Page 2 of 2 i TOPIC QUESTIONS F01_LOW-UP SOLUTIONS 11/26 JOINT MEETING WITH COUNCIUSTAFF: There will be a joint meeting of Tabled to a later date to be determined. COUNCIUPEC Council/PEC to discuss the Forest Service Land Ownership Adjustment Plan. 11126 BUS DROP-OFF AT BOOTH FALLS KEN/JIM MARSHALL: Review bus stop points in this are PWIBus staff investigating issues with Colorado (request: Buckley) to assure no one gets injured under the I-70 overpass Department of Transportation. and to make access as convenient as possible. 11/26 POTATO PATCH CARETAKER UNIT LARRY: Return to Council to update on FDIC action and Will do. (request: Steinberg) feedback from condominium association. 12/03 HERITAGE CABLEVISION RON; Draft strong letter in protest for Mayor's Done. RATE INCREASE signature, with copies to the newspapers. 12103 RECOGNITION PARTY FOR EVERYONE: A party for Kent and Lynn has been set for KENT ROSE/LYNN FRITZLEN Thursday, January 16, 1992, from 5:00 p.m. to 7:00 p.m. at Satch's. Snacks will be provided with a cash bar. 12/03 CITIZENS OF THE YEAR COUNCIL: Please confirm for both parties, ASAP! PARTIES (sponsored by the Monday, 12/23/91 - Wertheim's home Wertheims) Thursday, 12/26/91 -Library 12/03 CONSENSUS BUILDING/ COUNCIL: Carl Neu will be conducting an all-day GOAL SETTING consensus-building session with Council on Tuesday, 1/14192. He will then spend ahalf-day working on goal- setting on Tuesday, 1128/92. Mark your calendars. Xc: RvP 6 AEC'DDEC - 9 1991 November 30, 1991 Dr. and Mrs. William Pintzow 2520 Kinnikinnick Rd. M3 Vail, Colorado 81615 Town Council 75 S. Frontage Rd. W. Vail, Colorado 81657 Dear Sir: This letter is being written to register a very strong protest against the proposed coristruc•tiar~ of a fiz•e stat.io~i iii tYie immediate vicinity of our townhome. We bought our home with the knowledge that we were purchasing a home in a residential area away from commercial business areas. We also knew, at that time, that a park was to built in this area, which we felt would only enhance the residental quality of living in this neighborhood. We feel that a firestation with its attendant noise and traffic would be a detriment to the residential criaracter of our development and are extremely upset about your proposal. Being a doctor, a teacher, a parent and a grandparent it is inconceivable to understand your thought processes in even considering placing a firestation across the street from a park where you hope to entice children to play. As town leaders, we entrust you with the responsibility of the safety of its citizens. Have you not entertained the safety hazards of this situation? The placement of this firestation would certainly produce a reduction in the tax valuation of this large townhouse development with attendent loss of tax revenue. We know that you are certainly aware of the many good alternative sites closer to commercial areas treat would be available for this firestation if it is necessary at all. We should certainly hope that common sense and reason will prevail in this matter. Sincerely, Cynthia Pintzow Dr. William Pintzow ~jt~ / Xc= RvJ~ RE~'R DEC - 9 1991 pAe _ ~/~/~/\y` (/~/~/y\' \/~/~_~./\/~~J~(//?'I(/,y /~{~~~/'(/rte, (/1/^~'` ~~///y ~/~///may' 4027 N.W. 24 Street Miami, FL 33142 305-526-6000 - Dec . 4, 1991 Town Council 75 S.. Frontage' Rd. W. Vail, Colorado 8T657 Gentlemen My wife and 1 have' just been advised that the' Council is thinking of locating a Fire House on Kinnikinick Road. We understand that this parcel was purchased for the purpose of building a Parka We believe that locating a Fire House in this Area would not be iri the best interest of the' residents: We also believe that a Fire House should not be next to a playground. My wife and I purchased our property last year at 2520 Kinnikiroick Road, unit M6 with the understanding that a Park would be built and not a Fire House. We would appreciate your consideration of our interest in trying to keep the Town Council to stick to -their word about a Park on both sides of the Intermountain ~ Bridge. Yours very truly; s Sh ila and George Radell 48 S. W. 93rd Court Miami, FI. 33135 Florida's Broad-Line Distributor Since 1954 Miami Pompano Orlando Tampa ED MA THEGENIE GROUP,INC. REC'~ - 9 1991 RICHARD SEEN xC ~Ae CERTIFIED PUBLIC ACCOUNTANT December 5, 1991 Town Counsel Town of Vail 75 South Frontage Road West Vail, Colorado 81657 Gentlemen and Ladies: As a homeowner in Intermountain, I am generally concerned about a parcel of land, just west of the east end of Kinnikinnick Road which was purchased for the purpose of a park, and is now under serious consideration by the Town of Vail for the location of a new fire-house. There are many reasons why I am opposed to this location: 1. The road coming into Intermountain is very narrow and has a singular entrance/exit. Any accident on the road, as I have seen several, could prevent passage of the fire trucks. 2. There is a small canyon-like valley that we live in. The existing highway noise is undesirable and sirens going off would just add to these undesirable noises. 3. Just to the east of this property is a play-ground and I don't believe, for the safety of the children, that a fire house in this location would be feasible. Children are very attracted to fire trucks and might get injured in one way or another. 4. This parcel was purchased with the Town money for the purpose of a park. At the park meeting we were told that to the east and west of the bridge would be a park. The park on the east side of the bridge is presently being constructed. There was discussion regarding the west side of the bridge area as to volleyball court, and horse-shoe pits etc. but no discussion regarding the fire-house. Having the park on both sides of the bridge would make the entrance to Intermountain very attractive. (Needless to say a fire-house on one side would not be attractive at all). 8821 S. W. 69th COURT, SUITE D m MIAMI, FL 33156 TEL. (305) 666-1040 MEMBER OF AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS AND FLORIDA INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS Town Counsel December 5, 1991 Page Two I believe that a good alternative would be the property to the east of Safeway. That parcel has better access, is closer to more commercial sites, and would not detract from surrounding properties. Another option could be behind the Texaco's service station. Both of these sites have been under consideration by the Town of Vail for purchase. My last thought is, does Vail really need another fire station? Maintaining a park is minimal compared to maintaining a fire station. Please give these matters your consideration for making any decisions. Thank you for your time. Sincerely, d~ c and & Leta Be ren 2633 Kinnikinnic Road Meadow Creek E-5 Vail, Colorado 81657 R& LB/ amr VAIL TOWN COUNCIL, TOWN OF VAIL, COUNTY OF EAGLE, STATE OF COLORADO Case No. NOTICE OF APPEAL JATS SERVICE, HOME OCCUPANCY PERMIT COMES NOW, JATS SERVICES, by and through their attorneys, STOVALL & GOODMAN, P.C., and hereby respectfully requests a hearing before the VAIL TOWN COUNCIL to appeal the decision of the Planning and Environmental Commission of the Town of Vail, entered November 20, 1991, thereby revoking Home Occupation Permit for JATS SERVICES for business conducted at 1550 Matterhorn Circle, Vail, Colorado 81657. AS GROUNDS THEREFORE, AND PURSUANT to the Vail Municipal Code Section 18.66.03, JATS SERVICES ("Appellant"), states the following: 1. Appellant's use of 1550 Matterhorn Circle, constitutes a prior conforming use of the premises. 2. Town of Vail asserts that JATS SERVICES has violated Section 18.58.160 of the Vail Municipal Code. This section states Subsection H that "the home occupation shall not generate significant vehicle traffic in excess of that typically generated by residential dwellings. No parking or storage of commercial vehicles shall be permitted on the site." 3. Pursuant to the Model Traffic Code which has been adopted by the Town of Vail, Commercial Vehicle is defined as "every vehicle designed, maintained or used primarily for the transportation of property". JATS SERVICES is engaged in snow plowing and power- sweeping,~ not the transportation of property as described above. 4. JATS SERVICES seeks a determination by the Vail Town Council that their use is in conformance with the Vail Municipal Code. In the event the Town Council makes a determination that said use is non-conforming, then Section 18.64.010, et seq. would apply due to the fact that JATS SERVICES has been carrying on business in the present form and location since 1971 and is therefore exempt from the home occupant permit process. 5. A Public Hearing was held November 20, 1991. Prior to that date the Appellant was informed that no sworn testimony would be presented at that Hearing. On November 19, 1991 at 9:00 p.m. counsel for the Appellant was informed by Betsy Rosolack that sworn testimony would be presented by the Town and that Larry Eskwith would be acting as 19, 1991 at 9:00 p.m. counsel for the Appellant was informed by Betsy Rosolack that sworn testimony would be presented by the Town and that Larry Eskwith would be acting as "Prosecutor" and Jay K. Peterson, Esquire, would be acting in an advisory role to the Commission in the decision-making process. 6. According to Section 18.58.190, the Commission was not required to act upon Appellant's appeal of the zoning administrator's decision to revoke the home occupancy permit, until December 20, 1991. However, at the Public Hearing held November 20, 1991, the Appellant appeared with Counsel and requested a continuance in order to adequately prepare; for present sworn testimony and case examination of witnesses; subpoena witnesses, receive a list of witnesses and exhibits from the Town, and to reach agreed upon procedures for conducting the hearing. Appellant's request for a continuance was denied. 7. Additionally, Appellant objected to the fact that there was no framework to guide the Hearing and its procedure, specifically: a) A procedure for making and meeting objections; b) The admissibility of evidence; c) Establish procedures for the hearing; d) The exchange of a list of witnesses to be called; e) The exchange of list of exhibits to be presented; f) Arrange for the presence of a certified court reporter to make a phonetic transcript of the hearing which can be used for Appellate purposes. 8. The Appellant chose not to be present at the Public Hearing on November 20, 1991 once their continuance and request were denied summarily by the Commission. Sworn testimony was taken in their absence and a ruling entered denying the Appellant's permit. 9. The Appellant was denied due process of law by the arbitrary and capricious action of the Vail Planning and Environmental Commission. WHEREFORE, the Appellant respectfully requests the Town Council, the Town of Vail, for hearing before the Vail Town Council on the issue of the Commission's denial of the Appellant's Home Occupancy Permit. 1. Appellant also seeks a determination of whether they are exempt from the process under Section 18.64.020 and 18.64.040 of the Vail Municipal Code. -2- 2. Appellant seeks the appointment of an independent council to advise the Vail - Town Counsel and to act as an administrative judge during the hearing. 3. The Appellant seeks an agreement with respect to the procedure in which the hearing should be conducted including but not limited to the making and meeting of objections; the admissibility of evidence; the use of subpoenas; the exchange of lists of witnesses and exhibits in advance of the hearing; and that a court reporter be present. Appellant requests that they be allowed to present evidence in their behalf at this hearing. RESPEl;1 r tJLLY SUBMt t-1~r;D this ay of December, 1991. STOVALL & GOODMAN, P.C. sy: JON OOD , # 18812 James Wm. Stovall, #9202 Kerry H. Wallace, #21033 P.O. Drawer 5860 Avon, Colorado 81620 (303) 949-4200 ATTORNEYS FOR JATS SERVICES REQUEST FOR HEARING as set forth above approved this -day of 1991. TOWN OF VAIL By: MAYOR (Pro Tem) -3- ~r. CERTIFICATE OF MAILING I certify that a true and correct copy of the foregoing NOTICE OF APPEAL was hand-delivered on the ~ day of December, 1991, postage pre-paid, addressed to the following: Vail Town Council Town .of Vail 75 South Frontage Road South Vail, Colorado 81657 Mr. Larry Eskwith Attorney at Law 75 South Frontage Road South Vail, Colorado 81657 Jill A. Cleghorn ~ -4- ~ REr~~ OEC - 9 1991 . ~ _ . 2"he ~OZvn of Breekenrid~e and the Brec~enrid~e ~,ecreation ~epartment~ r-- ~ --•~•e _ - - Cordin~Ct/ inznte you, your family and friends to the i rand ~penin~ CeCe6ration of the _ ,~,e ~ Brec~enrid~e Community ~ - recreation Center j ?~ei.te: Saturday and Sunday December 14 IS, 1991 ~ s `Fme: 10:00 a.m. - s:00 p.m. ecuk date 1,ocativn: S80~irport~,vad, Breckenridge 1.. 1'(ca~c gee ca~crufnr of events on otkerside _ /vr a listirt~/ n{nll scheduled activities ~ T --t _ 1~ ~y See you ~Ihere! 1-+ ~ _ _ - . - _ _ - ....r E N ' - E N~ ~f BRECKENRIDGE RECREATION CENTER ~L~ ~ .GRAND OPENING CEI~ETiIZATI®N ~ ~ `O CALENDAR OF EVENTS ! j R E C R"~ A T I O N R E C R E A T I O N C E N T E R C E N T E R KICK OFF -SATURDAY, December 14,1991: ~ ~ SUNDAY, December 15, 1991: 10:00 a.m. Ribbon cutting; Mayor's greeting; 10:00 a.m. Cake; tours. cake and breakfast foods beverages; tours. •FREE limited child care. ; •FREE limited child care. •Giveaways!!! Second pass; selling day -all day. •Giveaways!!! First pass selling day -all day. _ 11:30 a.m. New Games for~kids irFthe Gymnasium 11:00 a.m. Tae Kwan Do demonstration in the Gymnasium. 12:00 p.m. Kayak demonstration in the Pool - 11:30 a.m. Aerobics demonstration in the Aerobic/Dance Studio. Open court time -Reservations (Tennis/Racquetball) 12:00 p.m. Luncheon foods 1:00 p.m. Tae Kwan Do in the Gymnasium. Rock climbing demonstration in the Gymnasium. 1:30 p.m. Dance demonstration in the Aerobic/Dance Studio 12:30-2:30 p.m. Scuba demonstration in the Pool New games for kids in the Gymnasium 2:00 -4:00 p.m. Fitness testing in the Physical Therapy Room (upstairs) Massages in the Physical Therapy Room (upstairs) 1:00 p.m. Open court time, Reservations (Tennis/Racquetball) Racquetball Demonstration, Court #1 3:00 - 5:00 p.m. Summit County's Own, Jim Saiestrom performance Pool party at the Pool -Slide Open in the Multi-purpose Room 2:00 p.m. Story telling with Opalanga Pugh, 4:30 p.m. Gymnastics demonstration in the Gymnasium Denver Storyteller Extraorclinaire, in the Multi-Purpose Room 5:00 p.m. Aerobics in the Aerobic/Dance Studio 3:00 -5:00 p.m: ~ Fitness testing in the Physical Therapy Room (upstairs) 5:00 - 7:00 p.m. Basketball and Volleyball pick-ups .Massages in the Physical Therapy Room (upstairs) 8:00 p.m. Closing 3:30 p.m. Pick-up Basketball and Volleyball in the Gymnasium 4:00 p.m. Kayak demonstration in the Pool 6:00 p.m. Rock Climbing demonstration in the Gymnasium " . . :pll faciliti~esnare open all day from 10:00 a.m. - 8:00 p.m. Tours continued - +Satui•day and Sunday are FREE. 6:00 -8:00 p.m. Open I-Iouse continues until closing at 8:00 p.m. Child Care is limited, but available, all day, both days. - •The Center will be selling passes and Holiday Gift Certificates all weekend. •Tours! Food and Givc-A-Ways! Baloons For the Kids! . ,~EC'D DEC 1 0 19 91 ~ . BEFORE THE PUBLIC UTILITIES COMMISSION ~ OF THE STATE OF COLORADO THE APPLICATION OF PUBLIC SERVICE ) COMPANY OF COLORADO FOR AUTHORITY ) NOTICE OF APPLICATION FILED TO IMPLEMENT A LOW-INCOME ENERGY ) EFFICIENCY ASSISTANCE PROGRAM. ) DOCKET N0. 91A-783EG TO ALL INTERESTED PERSONS, FIRMS, OR CORPORATIONS: You are notified that this application has been filed with the Colorado Public Utilities Commission by Public Service Company of Colorado, 1225 - 17th Street, Denver, Colorado 80202, for authority to implement a low-income energy efficiency assistance program, as more specifically stated in the application which is available for public inspection at the Commission office located at i580 Logan Street, OL 2, Denver, Colorado 80203. ' Any person desiring to intervene or participate as a party in this proceeding shall file his petition for leave to intervene, or under the Commission's Rules of Practice and Procedure, file other appropriate pleadings to become a party, within 30 days after the date of this notice. If you do not wish to intervene or become a party, but desire to file comments, you may send written comments addressed to the Public Utilities Commission, Office Level 2 (OL 2), Logan Tower, 1580 Logan Street, Denver, Colorado 80203, (303) 894-2070. This application will be processed in accordance with the Commission's Rules of Practice and Procedure, found at 4 CCR 723-1. This proceeding may be processed by the Commission without a hearing if no interventions or petitions to intervene are timely filed in accordance with § 40-6-109(5}, C.R.S. IN THE EVENT INTERVENTIONS ARE FILED OR IF THE COMMISSION UPON ITS OWN MOTION SETS THIS MATTER FOR HEARING, the Applicant shall certify, in writing, to the Commission that it desires either to proceed to hearing or to withdraw its application. This certification shall be filed within 30 days after the notice period expires, where interventions have been filed, or w~t~ ire 3"v days after the Applicant has been notified that this matter will be 'set for hearing upon the Commission's own motion. Within ten days after filing the certification, the Applicant shall fife 15 copies of the testimony, or a detailed summary of the testimony of each witness who is expected to testify in the Applicant's direct case. The Applicant shall also file a list of exhibits and 15 copies.of each of its exhibits with the Commission at the time it files its certification. Conies of the foregoing documents shall be served upon all uarties to the proceeding in accordance with the Commission's Rules of Practice and Procedure. Each Intervenor shall file with the Commission at least 20 days before the first day of the hearing 15 copies of the testimony, or a detailed summary, of each of its witnesses, with 15 copies of each of its exhibits, and shall serve copies on ail parties. - Parties to a proceeding are responsible for reviewing the Commission's file to determine who are the parties to this proceeding in order to properly serve parties with copies of pleadings. No witness shall be permitted to testify, nor shall any document be received in evidence, except in rebuttal, unless filed and served as provided in this notice. If a party does not meet these requirements and those found in the Commission's Rules of Practice and Procedure, the Commission may dismiss the application or intervention upon motion filed by any other party, unless good cause is shown. No motion for continuance shall be granted if filed within 20 days before the first day of the hearing, except for good cause shown. The Commission will consider hearing dates and places within 15 days after the Applicant's certification has been received, and each party shall notify the Commission within that time of the number of days the party expects the hearing to take, the location where the party desires the hearing to be held, and existing commitments during the following 180-day period which will prevent the party from appearing. If any party fails to so notify the Commission, the party will be deemed to have consented to the hearing date and location determined by the Commission. Parties will be notified by the Commission of the hearing date, time, and location. Applicants must appear at the hearing and present evidence in support of their application. Other parties may appear and present evidence in accordance with their interests. Public testimony will also be received if offered, and if a hearing is held. No exception to the procedure described in this notice shall be made except upon timely motion showing good cause. Nothwithstanding the provisions of this notice, if an Applicant files copies of exhibits and a list of witnesses with its application, the above time requirements shall be accelerated. The Commission also may provide for expedited procedure by modifying or eliminating any of the above requirements except those relating to notice and opportunity to be heard for good cause shop„~n or upon its o~::n met ion. .~~.~FCO~oR ROBERT E. TEMMER mar= ~=r; ~ Acting Director ~ 1 ~ ~~-o ~1 ""~o~s Dated at Denver, Colorado this ~~~~.nf5c 6th day of November 1~~1. 0751s STATE OF COLORADO DEPARTMENT OF REGULATORY AGENCIES ~ ,t y.. K St~tca of Ca[(7C_2,°i~~ p`~~~`` ~ ~~~>.~.~'`ti''~~:~:,~~ THE PUBLIC UTILITIES COMMISSION Ofa€cl~t n~7~€~ - ;;~i~' GEC-6'51 < 1580 LOGAN STREET ~ t7r?r!~[t~Y fcr -..r ~ OFFfCE LEVEL TWO ipr¢V~1B Li~~ , ~ DENVER, COLORADO 80203 a'~'n ~E.~ ~ _ , , ; . M~yar "I"nwn of Vail . 75 S . F~ rnr~t~g~ Rd . Wes~L Vail, CU $16!7 SALFSTA% Revised: 12/10/91 TOWN OF VAIL SALES TAR BSTINATION WOBBSHBBT X Change X Change 1991 1991 fro® fro® MONTH 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 BODGBT ACTOAL Variance 1990 Budget January 514,102 675,186 696,752 742,262 881,304 890,585 1,063,196 1,126,496 1,465,870 1,599,123 1,680,000 1,711,833 31,833 7.OX 1.9X February 594,292 687,192 751,856 824,650 918,154 946,552 1,135,786 1,205,101 1,561,286 1,695,850 1,788,000 1,736,085 ( 51,915) 2.4X ( 2.9X) Harch 697,464 853,648 977,828 1,084,814 1,187,520 1,316,652 1,378,782 1,591,705 1,939,758 1,897,718 1,997,000 2,050,562 53,562 8.1X 2.7X April 308,436 355,300 319,546 481,204 531,668 430,877 425,961 550,205 567,684 634,174 635,000 615,044 ( 19,956} ( 3.0X) ( 3.1X} hay 135,774 147,378 156,588 166,200 162,912 244,987 245,518 170,567 215,548 236,359 250,000 247,806 ( 2,194) 4.8X ( ,9X) June 245,204 247,326 257,744 262,696 280,828 361,627 331,581 329,039 393,470 448,227 475,000 467,344 ( 7,656) 4.3X ( 1.6X) July 339,418 349,116 40T,474 406,462 447,815 479,50T 479,201 559,683 649,139 665,094 714,000 735,871 21,871 10.6X 3.1X August 332,724 348,756 384,338 402,792 386,985 512,513 536,904 575,887 668,119 678,071 726,000 760,619 34,619 12.2X 4.SX Septeeber 285,918 268,598 32.4,670 384,864 340,102 374,060 442,402 422,502 469,032 482,328 518,000 490,205 ( 27,795) 1.6X ( 5.4X} October 225,024 223,830 198,614 206,248 209,282 237,504 2T3,951 291,204 335,740 364,002 ; 381,000 321,500 ( 59,500) ( 11.7X) ( 15.6X} Subtotal 3,618,356 4,156,930 4,475,410 4,962,192 5,346,570 5,794,864 6,313,282 6,822,389 8,265,646 8,700,946 9,164,000 9,136,869 ( 27,131) S.OX ( .3X} November 210,254 245,894 281,704 310,588 229,083 376,657 386,270 376,235 430,820 438,731 460,000 Decenber 820,762 737,506 853,100 906,758 905,955 1,167,280 1,245,612 1,455,948 1,615,278 1,625,219 1,726,000 TOTAL 4,709,372 5,140,330 5,610,214 6,179,538 6,481,608 7,338,801 7,945,164 8,654,572 10,311,744 10,764,896 11,350,000 9,136,869 ( 27,131} uu. oEC - 9 1991 TOWN OF VAIL ~ 75 South Frontage Road Department of Public Works/Transportation Vail, Colorado 81657 303-479-2158/FAX 303-479-2166 MEMORANDUM T0: Ron Phill'ps FROM: Jim Marsh 1 DATE: December 991 RE: November Ri rship Figures Below are the statistics showing ridership for the month of November. NOVEMBER NOVEMBER PERCENTAGE ROUTE 1991 1990 CHANGE IN-TOWN 82819 81614 1% EAST VAIL 15177 16008 (5%) WEST VAIL 22472 25810 (13%) SANDSTONE 4816 6330 (24%) ALL ROUTES ~ 125,284 129,762 (3%) JM/jc cc: Caroline Fisher Jan Choti Ken Hughey '