HomeMy WebLinkAbout1998-09-15 Support Documentation Town Council Evening Session
VAIL TOWN COUNCIL
EVENING MEETING
TUESDAY, SEPTEMBER 15, 1998
7:00 P.M. IN TOV COUNCIL CHAMBERS
- AGENDA
NOTE: Times of items are approximate, subject to change, and cannot be relied upon to determine at what time Council will consider an item.
I CITIZEN PARTICIPATION. (5 mins.)
2• Ordinance No. 14, Series of 1998, first reading of an ordinance Making
Steve Thompson Supplemental Appropriations from the Town of Vail General Fund, Heavy
Equipment Fund, Parking Structure Fund, Housing Fund, Capital Projects
Fund, Debt Service Fund, Booth Creek Debt Service Fund, and Facility
Maintenance Fund, of the 1998 Budget and the Financial Plan for the
Town of Vail, Colorado; and Authorizing the Expenditures of Said
Appropriations as Set Forth Herein; and Setting Forth Details in Regard
Thereto. (15 mins.)
ACTION REQUESTED OF COUNCIL: Approve, modify or deny
Ordinance No. 14, Series of 1998 on first reading.
BACKGROUND RATIONALE: Attached is a copy of the required
supplemental appropriations and the quarterly financial report for your
review. Supplemental appropriations are needed to fund unexpected
. expenditures, expenditures that are funded by unanticipated revenues, -
changes in estimated expenditures, and use of departmental savings.
STAFF RECOMMENDATION: Approve Ordinance No. 14, Series of 1998
on first reading.
3• Rails and Trails in the Eagle and Vail Valley. (20 mins.)
Joe Kracum, MK Centennial
4. 1) Consideration of Resolution No. 10, Series of 1998, adopting elements
Russell Forrest of the Common Ground Plan. This resolution will supersede Resolution
No. 9, Series of 1998.
2) Public input on community suggestions retating to affordable housing.
(1 hr., 30 mins.)
ACTION REQUESTED OF COUNCIL:
1) Approve, disapprove, or modify Resolution No. 10, Series of 1998.
2) Review community suggestions.
BACKGROUND RATIONALE: A
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September 15, 1998. The first item will involve consideration of
Resolution No. 10, Series of 1998. This resolution would supersede
Resolution No. 9, Series of 1998 approved on June 30, 1998. Resolution
No. 10 reflects two months of intense public involvement on the use of
RETT and the use of open lands purchased with RETT dollars for
housing. Specifically Resolution No. 10, if approved, would direct staff to
push back the implementation of a public process to evaluate housing
and park design for ponovan Park until the third phase of the Common
Ground process. In addition, this resolution would direct staff to eliminate
RETT from further consideration in providing a permanent funding source
l
for housing. The resolution will also direct staff to implement many of the
community suggestions identified in the matrix. The Resolution will
direct staff to move forward with the housing program with the changes
noted above. The next steps in this process would include inviting public
involvement to determine density and architectural quality for both the
West Vail property (intersection of Arosa and Garmish) and the
Lionshead parking structure (area along the south perimeter of the
structure) identified in the Common Ground Plan.
The second part of the meeting will involve a discussion on
ideas/suggestion not specifically addressed in Resolution No. 10. Town
staff will commit to arranging meeting on a weekly basis with community
members to further flesh out ideas and reporting those ideas back to
Council on a monthly basis (211 evening meeting of each month). This
input would be used to further amend and enhance the housing program.
STAFF RECOMMENDATIONS: Approve Resolution No, 10, Series of
1998.
5• Town Manager's Report. (10 mins.)
6. Adjournment - 9:20 p.m.
NOTE UPCOMING MEETING START TIMES BELOW:
(ALL TIMES ARE APPROXIMATE AND SUBJECT TO CHANGE)
I I I I I I I
THE NEXT VAIL TOWN COUNCIL REGULAR WORK SESSION
WILL BE ON TUESDAY, 9/22/98, BEGINNING AT 2:00 P.M. IN TOV COUNCIL CHAMBERS.
THE FOLLOWING VAIL TOWN COUNCIL REGULAR WORK SESSION
WILL BE ON TUESDAY, 10/6/98, BEGINNING AT 2:00 P.M. IN TOV COUNCIL CHAMBERS.
THE NEXT VAIL TOWN COUNCIL REGULAR EVENING MEETING WILL BE ON TUESDAY, 10/6/98, BEGINNING AT 7:00 P.M. IN TOV COUNCIL CHAMBERS.
I I I I I I I
Sign language interpretation available upon request with 24 hour notification. Please call 479-2332 voice
or 479-2356 TDD for information.
CWGENDA TC
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COUNCIL FOLLOW-UP
TOPIC QUES710NS FOLLOW-UP SOLUTIONS
1998
7/28/98 MUD LOT (LOT A ADJACENT TO RUSSELUANNIENRD/TOM/PAM: Kaye Ferry expressed Hospital staff is currently working on a parking plan, recognizing the
THE HOSPITAL AND LIBRARY) concern that the lot reserved for VRD, library personnel, and hospital has a parking shortage. Staff is also working with VRD as they
Council hospital staff is underutilized, after experiencing difficulties proceed through the public process with their expansion proposal (re:
herself in dropping off an injured person and securing a future loading/delivery, parking needs, etc.). Work prior to Council
parking space. It was suggested original agreements wlthe presentation continues.
hospital be revisited re: the parking lot west of the hospitai,
as well as the parking structure to the east. Staff will return
to Council wltheir findings.
8/25/98 DOWD JUNCTION DEER/ELK LARRYIGREG HALL; !s the count available? It would be We will have the final report on Oct 1. We'll read, analyze and present the
MIGRATION NUMBERS valuable to review these ASAP to determine next spring's findings and staff recommendations at the end of October.
Kevin Foley opening use.
8/25/98 LIONSHEAD TOT LOT BOBILARRYfTODD 0.: Since this was removed, nothing Tot lot was removed from VA owned land in 1996 for safety reasons.
Kevin Foley has been installed to replace it. Consider installation of a Regarding reinstailation, it is being considered as just one of many
small park in the Lionshead area in the '99-2000 budget. components of the infrastructure planning effort for the re-development of
Lionshead.
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September 11, 1998, Page I
4VAILL TOWN O•~ ~
Office of the Town Manager
75 South Frontage Road
Yail, Colorado 81657 , . . . , .
970-479-2105/Fax 970-479-2157
MEMORANDUM TM
TO: Vail Town Council
FROM: Pamela A. Brandmey, ssistant Town Manager
DATE: July 23, 1998
RE: Proposed VRD Questions for Discussion
In order to accommodate current agenda items for the Town Council, we are hoping to reschedule
the VRD joint discussion with Town Council to the September 15th work session. What follows
are questions staff has proposed for that discussion:
1. Share with the Town VRD's long-term strategic plan and capital improvements plan.
2. What does VRD perceive to be their role in the community facilities planning process?
3. Where do we move in the future regarding the skate board park?
4. Discussion of increased scheduling of athletic events in Ford Park.
5. Are there potential uses of RETT funds for VRD related projects (e.g., Tom Gaylord at the
Nature Center may have a proposal for increased paths in and around the Nature Center area
of the park).
6. Should we begin renegotiation of the golf course lease?
7. In regard to redevelopment of the golf course clubhouse, is this an appropriate site for
gymnastics?
8. Please advise Council regarding the expansion of the locker rooms and other related facilities
at the Dobson Ice Arena. "
9. Should VRD, as the recreation and youth-related activities director, take more of a lead role
in supplying youth events and entertainment during the 4th of July holiday and New Year's
Eve?
RECYCLEDPAPER
Please consider the above items and feel free to add to, delete or modify in whatever way these
questions. Again, there had been a request from the VRD to put an agenda together reflecting
concerns and questions from both entities. These questions should be viewed only as a starting point
for this upcoming discussion with VRD.
PAB/aw
VAIL JUNIOR HOCKEY ASSOCIATION
Post Office Box 2981
tVA?
Vail Colorado 81658
970-926-3289
HOCKEY 970-926-4266 (facsimile)
September 10,1998
Robert E. Ford
Mayor
Town of Vail
75 South Frontage Road
Vail, CO 81657
Dear Mayor Ford,
The Vail Junior Hockey Association would like to request that the Town of Vail
donate eight days of the Towri s Dobson Arena s allocated ice days to our
Association for our 19~h Annual Sportsmanslup Tournament
This yea{s tournament, which will include a third weekend, will take place on
the weekends of November 6t',, 7'h and 8th;13th,14'h and 15'h; and 20th, 21s' and
22na. These weekends have been chosen because they have traditionally been the
off-season for visitors and tourists to the Town of Vai1.
We expect forty-eight visiting teams to participate in this tournament. Typically,
each team will bring at least 30 children, parents and coaches and will stay in the
Town of Vail at a minimum of two nights. We estimate that our tournament will
result in some 1,150-hotel nights for the entire three-weekend time-frame. If we
combine the per diem and the hotel night expenditures, we estimate that our
direct impact to the Town is some $200,000.
The reason that we are requesting eight days of the Towri s allocated ice days is
that we are anticipating a matching grant from the Colorado Avalanche
Community Fund. This grant money will be used for our own scholarship fund.
The grant is keyed to the net revenues of our Sportsmanship Tournament. The
grant is written such that we will receive a matching grant amount that will be
equal to fifty percent of the net revenues from the annual tournament. If we
September 10,1998
Letter to Mayor Ford
Page 2
receive your allocated ice days, we estimate that we could provide at least
twenty full-priced scholarships to our hockey program from the savings that will
be reflected in the TournamenNs net revenues.
We would appreciate our request be discussed at the joint meeting with the Vail
Recreational District on September 15th. We would also encourage your support
for our Association and the Town s mutual benefit. I will be in attendance to
answer any questions.
Thank you for your time and consideration.
Regards, ~
Tim Olson
President
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IID
TOWN OF YAIL
Off ce of the Town Anorney
75 South Frontage Road
vail, Colorado 81657
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970-479-2107/Fax 970-479-2157
TM
MEMORANDUM TO: Vail Town Council .
FROM: R. Thomas Moorhead, Town Attorney
DATE: October 24, 1997 ,
RE: Vail Commons Day Care Center
At the work session of October 14th Paul Johnston raised a question concerning whether or not
there was any requirement that the day care center operate on a 365 day a year basis.
In that regard we have reviewed the Developer Improvement Agreement and Lease Agreement
for Vail Commons, listened to tapes of ineetings in which the contract requirements were
discussed, reviewed media advisories that were generated as a result of such discussions and
spoke to John Caldwell, Rea] Estate Manager for City Market.
c
There is no provision in the Developer Improvement Agreement ar Lease Agreement concerning
the operation of the day care center. City Market was responsible for development of the day
care component, production of all documentation including the condominium map on the day
care component, construction and paying for the construction of the day care component, and
required to complete it by September 1, 1997. City Market has met those requirements.
There is an additional agreement in the Lease concerning the rent to be paid for the facility and
the opportunity for the Town of Vail to acquire the day care facility by paying to City Market the
amount spent on construction thereo£ These written agreements control the relationship and set
forth the obligation of City Market in regard to the day care center. There are no requirements
concerning its operation. City Market has, in it's agreement with Bright Harizons, met the
stipulation concerning the amount to be charged for the lease agreement.
In review of the tapes and media advisories, we could find no discussion of requiring the day care
center to be open for 365 days a year.
L~ RECYCLEDPAPER
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City Market in finding the operator for the facility put out a request for proposal nationwide. A
copy of that request €or proposal was provided to the Department of Community Development at
the time that it was circulated. Bright Horizons, who was selected to operate the facility, has
. agreed to meet the requirements of that proposal and has made significant investment to operate
. the facility here within the Town of Vail. In summary, there is no requirement concerning the
day to day operation of the day care facility. That is to be determined by City Market and it's
operator, Brignt Horizons.
Thank you.
RTM/aw
Attachment
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time of sale. Any purchaser from such assignee shall have the obligations set forth in Section 9
to sell such unit on the terms and conditions set forth in Section 9.
E. R 1 A 'n P i' . It is intended that the affordable housing restriction of
Section.9 remain in effect for a period of time which is no less than the applicable tenn of this
Lease. ' Accordingly, the lives to be used to measure compliance with the Rule Against
Perpetuities shall be the lives of the current Vail Tovvn Council members, Town of Vaii Mariager
and Town af Vail Town Attorney plus tvventy-one (21) years after the death of the last
of the now living descendants of such persons. survivor
F. Enforceability. The restrictions in Section 9 shall be covenants runnin with the
Residential Component and each unit thereof. Vail shall have the right of specific performan.ce
of Section 9. In the event of specific performance litigation by Vail, the prevailing party shall
recover all costs and expenses, including such party's reasonable attomeys' fees.
Section 10: Dav Care mn nent
City Market shall rent the Day Care Component to a
not be City Market. Rent for the frst five 5 ~°Perator, which shall
insurance, utility and maintenance costs alloc t d to he DaylCare Com onenot exceed taxes,
such f ve-year period, if Vail continues to provide land owned by Vail to day care perat ons for
nominal charge, rent for the Day Care Component shall be set to not exceed taxes, insurance,
utilitv and maintenance costs allocated to the Day Care Component for the following five (5)
years' Thereafter, at the end of each five-year period of this Lease, a similar review
al
be made as was made at the end of the frst five-years of this Lease. If Vail continues t ro idn
land owned by Vail to day care operations for nominal chazge, then rent.as set forth above shall
continue. At any five-year review, if the conditions set forth above do not exist, City Market shall
continue to rent the Day Caze Component for a day care center, but the rent char ed
Market shal] not ezceed fifty percent (50%) of rents charged by City Market for re al spa ein
the adjacent commercial space of the Commercial Component excluding space rented or licensed
to banks. At such time as City Market charges rent on the Day Care Component in excess of
taxes, insurance, utility and maintenance costs allocated to the Day Care Component, it shall
account for such rent in excess of such amounts and at such time as such portion of the rent
equals the cost to City Market of construction of the Day Care Component, Vail shall have the
right at any time thereafter to purchase the Day Care Component for $1.00. Vail shal] have the
rijht at any time to purchase the Day Care Component from City Market at the cost to Ci
Market of construction of the Day Care Component.
10
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I Vail Child Care Center Start-Up Costs
Financial Assumptions
1. Revenues based upon:
Infants @ $28 per day
Toddlers @ $25 per day
Pre-Schoolers @ $23 pQr day
These are average daity rates based upon an 8-9 hour day. Rates vary higher or lower
based upon the parents choice of 6 hours per day up to 1 l+ hours per day.
Revenues are calculated on the conservative average.
+ 2. Occupancy is based upon 100% for infants (8); 100% for toddlers (10); and 80% (16)
for pre-schoolers.
3. Salaries are calculated upon the following:
Director: $30,000 annual divided by 12 months =$2,500 per month
Teachers: $11 per hour times 2080 hrs/yr =$22,880 divided by 12 mos =$1,906/mo
Assistants: $9.50 per hour times 2080 hrs/yr =$19,760 div by 12 mos =$1,647/mo
4. Fringes are calculated at 301/o, which is atso a high number
5. Drop-in rates will be based upon space availability and will be charged at:
Infants - $35/day (8-9 hrs)
Toddlers - $30/day (8-9 hrs)
Pre-Sch - $28/day (8-9 hrs)
6. Expenses are calculated at the highest possibie cost per item
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Vail Child Care.Facility - Start-up Costs
Month #1
ReveI ues
Infants 2 1120
Tod 2 1000
Pre-Sch 2 920
3040
Expenses
Salaries Director 2500
Inf 7each 1900
Inf Asst 1647
Tod Teach 1900
~ Tod Asst 0
Pre-S Tea 1900
Pre-S Ast 0
OTot Sal 9847
Fringes 2954.1
Occupancy
Janitorial 600
Repair/Maint 100
Com Area 750
, Occupancy Tot 1450
Fixed Costs '
Prop & Gen
Liab Insur 5000
Deprec 939
Bad Debt 0
Fixed Cost Tot 5939
Variable Costs
Bus meais 25
Mileage 50
Food Supp 350
Off Supp 50
Photograph 20
Marketing 1000
D&S 20
Meetings 20
Conf fees 25
Telephone 2000
Ed Supp 1000
Papergoods 250
I E-Mail Exp 22
, Trng 300
Educ Activ 50
Help Advert 750
Misc furn etc 500
Licen fees 1200
Equip 2500
Total Var Costs 10132
Total costs 30322.1
Profit/(Loss) _27282 1
4
Month #2
Revenues
Infants 6 3360
Tod 6 3000 Pre-Sch 4 1840
8200
Expenses
Salaries Director 2500
inf Teach 1900
I Inf Asst 1647
Tod Teach 1900
Tod Asst 1647
Pre-S Tea 1900
Pre-S Ast 1647
i Tot Sal 13141
Fringes 3942.3
Occupancy
Janitorial 600
Repair/Maint 100
Com Area 750
Occupancy Tot 1450
Fixed Costs
Prop & Gen
Liab Insur 0
Deprec 939
Bad Debt 50
Fixed Cost Tot ggg
Variable Costs
Bus meals 25
Mileage 50
Food Supp 350
Off Supp 50 Photograph 20
Marketing 1000
D&S 20
Meetings 20
Conf fees 25
Telephone 300
Ed Supp 150
Papergoods 100
E-Mail Exp 22
Trng 100
Educ Activ 50
Help Advert 250
Misc furn etc 150
Licen fees 0
Equip 0
Total Var Costs 2682
Total costs 19522.3
Profitl(Loss) -11322.3
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Month #3
Revenues
Infants 8 4480
Tod 8 4000
Pre-Sch 12 5520
14000
Expenses
~Salaries Director 2500
Inf Teach 1900
Inf Asst 1647
Tod Teach 1900
• Tod Asst 1647
Pre-S Tea 1900
Pre-S Ast 1647
0 Tot Sal 13141
Fringes 3942.3
Occupancy
Janitoria! 600
Repair/Maint 100
Com Area 750
Occupancy Tot 1450
Fixed Costs
Prop & Gen
Liab Insur 0
Deprec 939
Bad Debt 100
Fixed Cost Tot 1039
Variable Costs
Bus meals 25
Mileage 50
Food Supp 350
Off Supp 50
Photograph 20
I Marketing 250
D&S 20
Meetings 20
Conf fees 25
Telephone 300
Ed Supp 150
Papergoods 100
E-Mail Exp 22
, Trng 100
Educ Activ 50
Help Advert 0
Misc furn etc 100
Licen fees 0
Equip 0
Total Var Costs 1632
Total costs 21204.3
Profit/(Loss) -7204.3
Month #4
Revenues
Infants 8 4480
Tod 1 10 5000
Pre-Sch 16 7360
16840
Expenses
Salaries Director 2500
Inf Teach 1900
Inf Asst 1647
Tod Teach 1900
Tod Asst 1647
' Pre-S Tea 1900
Pre-S Ast 1647
+ Tot Sal 13141
Fringes 3942.3
Occupancy
Janitorial 600
Repair/Maint 100
Com Area 750
Occupancy Tot 1450
, Fixed Costs
Prop & Gen
Liab Insur 0
Deprec 939
Bad Debt 100
Fixed Cost Tot 1039
Variable Costs
Bus meals 25
Mileage 50
Food Supp 350 '
Off Supp 50
Photograph 20
Marketing 250
D&S 20
Meetings 20
Conf fees 25
Telephone 300
Ed Supp 150
Papergoods 100
E-Mail Exp 22
Trng 100
, Educ Activ 50
~ Help Advert 0
Misc furn etc 100
Licen fees 0
Equip p
Total Var Costs 1632
Total costs 21204,3
ProfiU(Loss) -4364.3
Updated 8/26 11 am
PLANNING AND ENVIRONMENTAL COMMISSION
Monday, September 14, 1998
AGENDA
Proiect Orientation / LUNCH - Communitv Development Department 12:00 p.m.
, MEMBERS PRESENT MEMBERS ABSENT .
" Greg Moffet
John Schofield Galen Aasland
iane Golden
D r
Ann Bishop
Brian Doyon
Tom Weber
Site Visits : 1:00 P.M.
1. McCully - 2704 Larkspur Lane
2. Landmark Building - 610 West Lionshead Circle
3. Dobson Ice Arena - 321 East Lionshead Circle
Driver: George
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NOTE: If the PEC hearing extends until 6:00 p.m., the board will break for dinner from 6:00 - 6:30 p.m.
Public Hearina - Town Council Chambers 2:00 p.m,
1. A request for a minor subdivision, to eliminate a Town of Vail right-of-way encroachment
on property, located at 2704 Larkspur Lane/ Lot 6, Block 3, Vail Intermountain.
Applicant: Craig McCully and the Town of Vail
Planner: Jeff Hunt
MOTION: John Schofield SECOND: Galen Aasland VOTE: 7-0
APPROVED
2. A request for a sign variance, to allow for a sign 36' above grade at the Landmark
Building, located at 610 W. Lionshead Circle/ Lot 1, Block 1, Lionshead 3rd Filing.
Applicant: Landmark Condominium Association represented, by Destination Resort
Management
Planner: Brent Wilson
MOTION: Diane Golden SECOND: John Schofield VOTE: 7-0
APPROVED WITH 1 CONDITION:
1. The sign may be located approximately 29' above grade, however, shall not
be located more than way above the third floor partition. *VAIL
1 TOIVN
Updated 8i26 l l am
3. A request for a worksession to discuss a proposed arena expansion at the Dobson Ice
Arena, located at 321 East Lionshead Circle/ Lot 1, Block 1, Vail Lionshead 2nd Filing.
Applicant: Vail Recreation District, represented by Odell Architects
Planner: George Ruther
WORKSESSION - NO VOTE
_ 4. A worksession to discuss proposed text amendments to the Town of Vail Zoning
, Regulations addressing the regulation of Gross Residential Floor Area (GRFA) in the
Multi-Family Zone Districts.
Applicant: Town of Vail
Planner: George Ruther
WORKSESSION - NO VOTE
5. A request for additional GRFA to enclose a deck, utilizing the 250 ordinance, located at
1626 Vail Valley Drive/ Lot 2, Warren Pulis Subdivision.
Applicant: Don and Francis Diones
Planner: George Ruther
TABLED UNTIL SEPTEMBER 28, 1998
6. Information Update
7. Approval of August 24, 1998 minutes.
The applications and information about the proposals are available for public inspection during
regular office hours in the project planner's office located at the Town of Vail Community
Development Department, 75 South Frontage Road.
Sign language interpretation available upon request with 24 hour nofification. Please call 479-2356, Telephone for the
-Hearing Impaired, for information. -
Community Development Department
2
Updated 8,126 11 am
PLANNING AND ENVIRONMENTAL COMMISSION
Monday, September 14, 1998
AGENDA
Proiect Orientation ! LUNCH - Communitv Development Department 12:00 p.m.
MEMBERS PRESENT MEMBERS ABSENT
Site Visits : 1:00 P.M.
1. McCully - 2704 Larkspur Lane
2. Landmark Building - 610 West Lionshead Circle
3. Dobson Ice Arena - 321 East Lionshead Circle
Driver: George
6
NOTE: If the PEC hearing extends until 6:00 p.m., the board will break for dinner from 6:00 - 6:30 p.m.
Public Hearinq - Town Council Chambers 2:00 p.m.
1. A request for a minor subdivision, to eliminate a Town of Vail right-of-way encroachment
on property, located at 2704 Larkspur Lane/ Lot 6, 81ock 3, Vail Intermountain.
Applicant: Craig McCully and the Town of Vail
; Planner: Jeff Hunt
4
- 2. A request for a sign variance, to allow for a sign 36' above grade at the Landmark
Building, located at 610 W. Lionshead Circle/ Lot 1, Block 1, Lionshead 3rd Filing.
Applicant: Landmark Condominium Association represented, by Destination Resort
Managemenf
Planner: Brent Wilson
3. A request for a worksession to discuss a proposed arena expansion at the Dobson Ice
~ Arena, located at 321 East Lionshead Circle/ Lot 1, Block 1, Vail Lionshead 2nd Filing.
Applicant: Vail Recreation District, represented by Odell Architects
Planner: George Ruther
4. A worksession to discuss proposed text amendments to the Town of Vail Zoning
Regulations addressing the regulation of Gross Residential Floor Area (GRFA) in the
Multi-Family Zone Districts.
Applicant: Town of Vail
Planner: George Ruther
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1 TOWNOFVAIG
Updated S:'26 1 1 am
5. A request for additional GRFA to enclose a deck, utilizing the 250 ordinance, located at
1626 Vail Valley Drive/ Lot 2, Warren Pulis Subdivision.
Applicant: Don and Francis Diones
Planner: George Ruther
TABLED UNTIL SEPTEMBER 28, 1998
6. Information Update
7. Approval of August 24, 1998 minutes.
The applications and information about the proposals are available for public inspection during
regular office hours in the project planner's office located at the Town of Vail Community
Development Department, 75 South Frontage Road.
Sign language interpretation availabfe upon request with 24 hour notification. Please call 479-2356, Telephone for the
Hearing Impaired, for information.
Community Development Department
Published September 11, 1998 in the Vail Trail.
2
MEMORANDUM
TO: Planning and Environmental Commission
FROM: Community Development Department
DATE: September 14, 1998
SUBJECT: A request for a worksession to discuss proposed text amendments to
_ the Town of Vail Zoning Regulations addressing the regulation of Gross - Residential Floor Area (GRFA) in the Multi-family Zone Districts.
Applicant: Town of Vail
Planner: George Ruther
1. DESCRIPTION OF THE REQUEST
At the request of the Vail Town Council, the Community Development Department was
asked to initiate revisions to the Town of Vail Zoning Regulations addressing the
regulation of Gross Residential Floor Area (GRFA) in the Multi-family Zone Districts.
Specifically, the Council requested that the implementation of the existing 250 Ordinance
and the newly created Interior Conversion regulation be revised to allow greater flexibility
in the Multi-family Zone Districts and to encourage the redevelopment of buildings.
Revisions, therefore, would need to be made to Sections 12-15-4 (interior conversions)
& 12-15-5 (additional GRFA) of the Town of Vail Zoning Regulations. Any change to
the Zoning Regulations requires a review and a recommendation from the Planning and
Environmental Commission and finro readings of an amending ordinance by the Town
Council.
This memorandum provides a brief history of the 250 Ordinance and the Interior
Conversion regulation relative to multi-family zone districts. The purpose of this
worksession is to identify and discuss possible text amendment alternatives to
the Zoning Regulations addressing the implementation of the 250 Ordinance and
Interior Conversion regulation in the Town's multi-family zone districts. -
For purposes of discussion, staff has relied upon the definition of multi-family dwelling as
outlined Section 12-2-2 of the Town of Vail Zoning Regulations. The Zoning Regulations
define a "multi-family dwelling" as,
"A building containing three (3) or more dwelling units, including townhouses,
rowhouses, apartments, and condominiums, designed for, or used by three (3) or
more families, each living as an independent housekeeping unit."
The tentative schedule for the proposed text amendments is listed below.
• September 14 - PEC worksession to develop and discuss alternatives
• September 15 - Town Council worksession to discuss alternatives developed
and discussed by the PEC
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• September 28 - PEC final review of the proposed text amendments
• October 6- Town Council worksession and first reading of an ordinance
• October 20 - Town Council final review and second reading of an ordinance
II. BACKGROUND
- The Vail Town Council adopted the 250 Ordinance in March of 1985 (Ordinance 5, ,
Senes of 1985). According to Section 12-15-5 (A) of the Zoning Regulations, the purpose of the 250 Ordinance is to,
"control and limit the size, bulk, and mass of residential stn.ictures within the
Town. Gross residential floor area (GRFA) regulation is an effective tool for
limiting the size of residential structures and ensuring that residential structures
are developed in an environmentally sensitive manner by allowing adequate air
and light in residential areas and districts (Ord.13(1996) § 3)"
Pursuant to Section 12-15-5 (C) of the Zoning Regulations, the implementation of the
additional GRFA in multi-family dwelling units shall be regulated as follows,
"Multi-Family Dwellings: Any dwelling unit in a multi-family structure shall be
eligible for additional gross residential floor area (GRFA) not to exceed a
maximum of finro hundred fifty (250) square feet of GRFA in addition to the
existing or allowable GRFA for the site. Any application of such additional GRFA
must meet the following criteria:
1. Eligible Time Frame: A multiple-family dwelling unit shall be eligible for
additional GRFA, pursuant to this Section, if it is in existence prior to
November 30, 1995, or a completed Design Review Board application for the
original construction of said unit has been accepted by the Department of
Community Development by November 30, 1995. In addition, at least five (5)
years must have passed from the date the building was issued a certificate of
occupancy (whether temporary or final), or, in the event a certificate of
occupancy was not required for use of the building at the time of completion,
from the date of original completion and occupancy of the building.
2. Use Of Additional Floor Space: Proposals for the utilization of the additional
GRFA under this provision shall comply with all Town zoning requirements
and applicable development standards. If a variance is required for a
proposal, it shall be approved by the Planning and Environmental
Commission pursuant to Chapter 17 of this Title before an application is
made in accordance with this Section. The applicant must obtain a building
permit within one year of final Planning and Environmental Commission
approval or the approval for additional GRFA shall be voided.
3. Parking Area Conversions: Portions of existing enclosed parking areas may
be converted to GRFA under this Section if there is no loss of existing
enclosed parking spaces in said enclosed parking area.
2
i
4. Parking Requirements Observed: Any increase in parking requirements due
to any GRFA addition pursuant to this Section shall be met by the applicant.
5. Guideline Compliance; Review: All proposals under this Section shall be
reviewed for compliance with the design review guidelines as set forth in
Chapter 11 of this Title. Existing properties for which additional GRFA is
proposed shall be required to meet minimum Town landscaping standards as
set forth in Chapter 11 of this Title. General maintenance and upkeep of
existing buildings and sites, including the multi-family dwellings,
landscaping or site improvements (i.e., trash facilities, berming to . '
screen surFace parking, etc.) shall be reviewed by the staff after the
application is made for conformance to said design review guidelines.
This review shall take place at the time of the first application for
additional GRFA in any multi-family dwelling. This review shall not be
required for any subsequent application for a period of five (5) years from the
date of the initial application and review, but shall be required for the first
application filed after each subsequent five (5) year anniversary date of the
initial review. No temporary certificate of occupancy shall be issued for any
expansion of GRFA pursuant to this Section until all required improvements
to the multi-family dwelling site and building have been completed as
required.
6. Condominium Association Approval: If the proposed addition of GRFA is for a
dwelling unit located in a condominium project, a letter approving such
addition from the condominium association shall be required at the time the
application is submitted.
7. Deck And Balcony Enclosures: No deck or balcony enclosures, or any
exterior additions or alterations to multi-family dwellings with the
exception of windows, skylights, or other similar modifications shall be
allowed under this Section.
8. Applicability: The provisions of this Section are applicable only to GRFA
additions to individual dwelling units. No pooling of GRFA shall be allowed
in multi-family dwellings. No application for additional GRFA shall request
more than two hundred fifty (250) square feet of gross residential floor area
per dwelling unit nor shall any application be made for additional GRFA until
such time as all the allowable GRFA has been constructed on the property.
9. Nontransferable To Demo/Rebuild: Any building which has previously
been granted additional GRFA pursuant to this Section and is demo/rebuild,
shall be rebuilt without the additional GRFA as previously approved.
10. Demo/Rebuild Not Eligible: Any multiple-family structure or dwelling unit
which is to be demo/rebuild shall not be eligible for additional GRFA.
The Vail Town Council adopted the Interior Conversion regulations in August of 1997
(Ordinance 13, Series of 1997). According the Section 12-15-4 (A) of the Zoning
Regulations, the purpose of the Interior Conversion is to,
3
~
,
w
"The interior conversion section of this Chapter provides for flexibility and latitude
with the use of interior spaces within existing dwelling units that meet or exceed
the allowable gross residential floor area (GRFA). This would be achieved by
allowing for the conversion of existing interior spaces such as vaulted spaces,
crawl spaces, and other interior spaces into floor area provided the bulk and
mass of the building is not increased. This provision is intended to accommodate
existing homes where residents desire to expand the amount of usable space in
the interior of a home. The Town has also recognized that property owners have
constructed interior space without building permits. This provision is also
, intended to reduce the occurrence of interior building activity without building permits and thereby further protecting the health, safety, and welfare of the
community: The Interior Conversion reguiation permits the conversion of interior spaces within a
dwelling unit to GRFA without impacting the overall allowable GRFA as prescribed by
each of the respective zone districts (density controls). Examples of interior conversions
include converting basements or crawlspaces to GRFA, the addition of lofts within the
volume of the existing building, and the conversion of other existing interior spaces such
as storage areas to GRFA. The intent behind the regulation was to allow property
owners to convert interior spaces within existing buildings that currently does not meet
the definition of GRFA to GRFA, as long as the conversion of the interior space does not
significantly increase the bulk and mass of the buildings.
The Interior Conversion regulation is applicable to single-family, finro-family and
primary/secondary-type dwelling units. The regulation specifically prohibits the eligibility
of multi-family dwelling units to convert existing interior spaces to GRFA pursuant to the
regulation.
In January of 1994, the Town of Vail Community Development Department prepared the
"Town of Vail Development Statistics". The purpose of preparing the Development
Statistics was to document the existing and future residential development potential in
the Town of Vail. While the Development Statistics have not been updated since 1994,
_ staff believes the data is remains reliable and beneficial. According to the Development
Statistics, approximately 5,000 multi-family dwelling units currently exist and a potential
for approximately 200 units remains. Therefore, approximately 5,200 property owners in
the Town of Vail would be impacted as a resutt of revisions to the Zoning Regulations
addressing the implementation of GRFA in the multi-family zone districts.
III. ALTERNATIVES
To provide a point af departure for discussions on the requested text amendments, staff
has identified several altematives or options which we would like to discuss with the
Planning and Environmental Commission. The altematives are listed in no particular
order below:
250 Ordinance
1. Ailow multi-family projects to "pool" the 250 square feet of additional GRFA and
permit the Association to distribute the GRFA as they see fit, with the condition
that the entire building is upgraded to meet current design standards.
4
1
t
2. Allow exterior additions (dormers, deck enclosures, etc.) to multi-family proJects
utilizing the 250 square feet of additional GRFA subject to the review and
approval of the Design Review Board.
3. Differentiate between building types (townhouses vs. condominiums) and allow
certain building types to do exterior additions and prohibit other building types
from doing exterior additions.
4. If the purpose of the amendment is to encourage development to upgrade to
_ meet current design standards, develop meaningful incentives to do this, such as what is being proposed for Lionshead.
5. No action
Interior Conversion
1. Allow multi-family projects to apply for the interior conversion of spaces in
accordance with the existing regulation.
2. No action
VI. STAFF RECOMMENDATION
When discussing possible revisions to the GRFA regulations addressing the
implementation of GRFA relative to multi-family dwelling units, staff would suggest that
the following criteria be considered by the Planning and Environmental Commission prior
to recommending an amendment to the Town Council:
1. Effectiveness of the regulation
2. Appropriateness of the regulation
3. Enforceability of the regulation
4. Easy of implementation
5. Consistency of the regulation relative to other similar regulations
6. Impact to architectural quality.
As this a worksession to discuss possible text amendments to the GRFA reguiations
relative to the Town's Multi-family Zone Districts, staff will not be providing a formal
recommendation at this time. However, at the time of final review by the Planning and
Environmental Commission, staff will provide its recommendation.
5
`
MEMORANDUM
. TO: Planning and Environmental Commission
FROM: Community Development Department
DATE: August 24, 1998
SUBJECT: A request for a conditional use permit for a proposed addition to the Vail
Interfaith Chapel, located at 19 Vail Road/ Tract J, Block 7, Vail Viltage -1 st. Applicant: Vail Intertaith Chapel, represented by Gwathmey/Pratt Architects
Planner: Dominic Mauriello
1. DESCRIPTION OF THE REGIUEST
This site is zoned General Use (GU) which allows churches and related facilities subject to the
review and approvai of a conditional use permit. The applicant is requesting a conditional use
permit to allow the construction of a new building on the premises. The proposed two-story
structure will house clergy offices and consultation areas. All of the existing surface parking
spaces will remain substantially as they are today and 6 additional spaces will be provided.
The proposed structure will be constructed on an area of the lot behind the existing Chapel
and complies with the 50' Gore Creek centerline setback and the 100-year flood plain.
Adjacent to the Chapel property is a portion of the Town-owned stream tract. The stream tract
is dedicated for open space, recreation and access to the Gore Creek. The Chapel's original
and current proposals include improvements on the Town's stream tract. The Chapel obtained
permission from the Town Council on August 6, 1996 to proceed through the review process,
however, the Council did not give wholesale approval of the encroachments on Town af Vail
property. AdditionalEy, the Council directed staff to minimize the Chapel's impacts on the
Town's stream tract. Staff and the Council gave the applicant general direction to maintain a
30' building setback from the top of the stream bank on the Town owned property.
The existing Chapel building encroaches onto the Town owned stream tract with a footprint of
200 sq. ft. The proposed building encroaches on the Town owned property with a footprint
and stairs of 440 sq. ft. and the extended parking area encroaches with an area of 1,035 sq. ft.
TDWN
4YML
II. ZONING ANALYSIS
The dsvelopment standards for the GU district are determined by the PEC. The PEC must
determine what development standards are needed on a site specific basis. The proposed
standards are as presented on the site plan and building plans for the site and summarized in
the following table:
Zoning; General Use (GU)
Lot area: 31,611 sq. ft. ( 0.726 acres) Standard Allowed GU Existinq Proposed Total
Building height: PEC n/a 28' highest ridge/29.5' to top of cupola
Landscape area: PEC 13,950 sq. ft. (44%) 10,400 sq. ft. (33%)
Site Coverage: PEC 4,514 sq. ft. (141/6) 7,264 sq. ft. (23%)
Parking: PEC 31 spaces 37 spaces
III. REVIEW CRITERIA FOR THIS REQUEST
The code criteria for review of a conditional use permit are included below. In addition to the
conditional use criteria, staff has included the purpose statement from the zoning code, as we
believe this will help the PEC in its evaluation of the request.
The Vail Intertaith Chapel is located in the General Use (GU) zone district. According to
Section 12-9C-1 of the Zoning Regulations, the purpose of the GU district is:
to provide sites for public and quasi-public uses which, because of their special
characteristics, cannot be appropriately regulated by the development standards
prescribed by other zoning districts, and for which development standards especially
- , prescribed for each particular development proposal or project are necessary to
achieve the purposes prescribed in Section 12-1-2 and to provide for the public welfare.
The General Use District is intended to ensure that public buildings and grounds and
certain types of quasi-public uses permitted in the District are appropriately located and
designed to meet the needs of residents and visitors to Vail, to harmonize with
surrounding uses, and, in cases of buildings and other structures, to ensure adequate
light, air, open spaces, and other amenities appropriate to the permitted types of
uses.
A church shall be permitted in the GU zone district subject to the issuance of a conditional use
permit in accordance with the provisions of Chapter 16, Conditional Use Permits. For the
PEC's reference, the conditional use permit purpose statement indicates that:
in order to provide the flexibility necessary to achieve the objectives of this title,
specified uses are permitted in certain districts subject to the granting of a conditional
use permit. Because of their unusual or special characteristics, conditional uses
require review so that they may be located properly with respect to the purposes of this
title and with respect to their affects on surrounding properties. The review process
2
prescribed in this chapter is intended to assure compatibility and harmonious
development between conditional uses and surrounding properties in the Town at
large. Uses listed as conditional uses in the various districts may be permitted subject
to such conditions and limitations as the Town may prescribe to insure that the location
and operation of the conditional uses will be in accordance with the development
objectives of the Town and will not be detrimental to other uses or properties. Where
conditions cannot be devised, to achieve these objectives, applications for conditional
use permit shall be denied.
- The conditional use permit consideration of tactors are as follows: - 1. Relationship and impact of the use on the development objectives of
the Town.
Staff believes the proposed use and the additional building are
consistent with the development objectives of the Town. This quasi-
public use provides benefits to a wide cross-section of the Town of Vail
citizens.
2. The effect of the use on light and air, distribution of population,
transportation facitities, utilities, schools, parks and recreation
facilities, and other public facilities needs.
Staff believes the proposed building adtlition will have little impact on
these criteria. The facility will add additional building mass to the site,
but this additional mass will have little impact on adjacent properties with
respect to light and air.
3. Effect upon traffic with particular reference to congestion,
automotive and pedestrian safety and convenience, traffic flow and
control, access, maneuverability, and removal of snow from the
street and parking areas.
The existing Chapel cannot accommodate all of the parking demand on
peak days on the subject property. The Chapel has agreements with
adjacent properties to share parking. The proposed building will provide
offices and consultation areas for the different faiths utilizing the Chapel.
The seating capacity of the Chapel remains unchanged. Staff believes
that the proposed building addition and the proposed use of this building
will not increase the parking demand on-site but will simply alleviate a
- crowded office condition found on-site. Additionally, the proposal
provides 6 additional parking spaces. Staff believes that these parking
spaces will help alleviate the crowded parking demand on peak days.
The proposal also includes the heating of the parking area and entire
drive out to Vail Road thereby reducing the need for snow removal on-
site.
3
4. Effect upon the character of the area in which the proposed use is
to be located, including the scale and buik of the proposed use in
relation to surrounding uses.
Staff believes the proposed building is consistent with the character of
the area and is consistent with the existing chapel building located on-
site. The Planninq and Environmental Commission shall make the followinq findinas
before qrantinq a conditional use permit: _
1. That the proposed location of the use is in accordance with the purposes
of the conditional use permit section of the zoning code and the
purposes of the district in which the site is located.
2. That the proposed location of the use and the conditions under which it
would be operated or maintained would not be detrimental to the public
health, safety, or welfare or materially injurious to properties or
improvements in the vicinity.
3. That the proposed use would comply with each of the applicable
provisions of the conditional use permit section of the zoning code.
IV. STAFF RECOMMENDATION
The Community Development Department recommends approval of the conditional
use permit allowing new building on-site subject to the following findings:
1. That the proposed iocation of the use is in accordance with the purposes of the
conditional use permit section of the zoning code and the purposes of the
district in which the site is located.
2. That the proposed location of the use and the conditions under which it would be operated or maintained would not be detrimental to the public health, safety,
- or welfare or materially injurious to properties or improvements in the vicinity.
3. That the proposed use would comply with each of the applicable provisions of
the conditional use permit section of the zoning code.
The recommendation of approval is also subject to the following conditions:
1. The approval_is subject to Town Council approval of encroachments on the
Town -owned stream tract.
2. The applicant shall enter into an encroachment agreement with the Town of Vail
for all new and existing encroachments on Town-owned property.
3. No grading shall occur in the flood plain and all grading issues shall be worked
out with staff prior to DRB approval.
F:\EVERYONE\PECWIEMOS\98\CHAPL824.W PD
4
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INTERFAITH CHAPEL
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NEW MINISTRY CENTER BLJILDING H~ s
19 VAIL ROAD, TRACT- J, B L O C K- 7, V A I L V I L A G E 1 s t. F I L I N G, V A I L, C O L O R A 130
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A4.1
4VAIL
TOWN OF 75 South Frontage Road O • D
CHAMPIONSHIPS
Colorado 81657
970-479-2100
FAX 970-479-2157 0 L 0 R A ' 0
MEMORANDUM TM
TO: Town Council
FROM: Steve Thompson
DATE: September 11, 1998
RE: 2nd Quarter Financial Report and Supplemental Appropriation
Enclosed is the 2nd Quarter Financial Report and schedule of required 1998 supplemental
appropriations. The enclosed reports will be discussed at the September 15th work session.
Please call me at 479-2116 if you have any questions about the report prior to the meeting.
Second Quarter Financial Highlights
• Actual and estimated expenditures and revenues increased by $1,005,262 and $1,222,998
respectively (excluding lease revenue and transfers from other funds). Lease principle
and transfers between funds make up $1,012,800 of the required supplemental
appropriation of $2,018,062.
• Sales tax collections are estimated to be on budget. We need an increase of 1% over
1997 for the balance of the year to meet budget.
• This report does not include supplementals for the following line items. A supplemental
may be required in December, depending upon the need.
Recruiting Up to $60,000
Overtime Up to $80,000
Electric and Gas No estimates
Snow Removal No estimates
Health Insurance $50,000
• The only changes to the capital projects list that have not been discussed previously with
the Town Council are the $42,000 needed at the Public Works tunnel, $80,000 in capital
street maintenance, and the $295,034 for the fire truck.. This additional amount for the
Public Works tunnel is needed due to soil problems and unanticipated costs for traffic
control. The additional amount for street maintenance is for repairs at Concert Hall Plaza
loading area and bus stop, east end of Lionshead parking structure, sidewalk at the
Library chute and East Meadow Drive paving and paver replacement from the hospital to
Crossroads. The fire truck was ordered in 1998, with completion and delivery to occur in
~,y~ RECYCLED PAPER
1999, in which year it was budgeted. To our surprise (and delight!), the truck will be
finished in 1998 and the Town will save $5,500 if we take delivery in 1998 versus 1999.
Having the truck on hand in 1998, prior to the 99's, is a benefit to the safety of our
citizens.
ST/aw
attachment
C:\tc.mem
TOWN OF VAIL
1997 ANNUAL FINANCIAL REPORT AND 1998 BUDGET
SUMMARY OF REVENUE AND EXPENDITURES AND CHANGES IN FUND $ALANCE
1997 1998
&eginniug Operating Revenue Ending Amended Sndget Operating, Revenue Ending
Fund ' Actual Actual Transfers Over(Under) Fund' Transfers Over(i3nder), Fund
Fund Type/Fund Balance RevenuQ Ex enditures In/Out Ex enditures Balance Revenue Ex enditures In/Out Ex enditures Balance
General Fund 4,324,922 16,214,006 15,285,131 (89,492) 839,383 5,164,305 16,881,873 17,052,175 (1,442,180) (1,612,482) 3,551,823
Special Revenue Funds:
Capital Projects Fund 4,556,536 9,227,479 9,538,899 (2,593,091) (2,904,511) 1,652,025 8,723,784 9,014,743 (219,747) (510,706) 1,141,319
Real Estate Transfer Tax Fund 1,716,648 3,947,565 3,675,256 0 272,309 1,988,957 2,286,888 1,529,447 (1,000,000) (242,559) 1,746,398
Police Confiscation Fund 21,643 20,780 68,607 44,440 (3,387) 18,256 7,854 74,481 66,180 (447) 17,809
Vail Marketing Fund 0 339,336 339,336 0 0 0 341,500 341,500 0 0 0
Vail Housing Fund 1,006,934 195,405 1,758,243 1,324,916 (237,922) 769,012 1,997,841 4,141,479 1,676,000 (467,638) 301,374
Internal Service Funds:
Heavy Equipment Fund 651,271 1,961,875 1,700,616 0 261,259 912,530 1,726,239 1,790,438 0 (64,199) 848,331
Health Insurance Fund 758,815 932,621 931,424 0 1,197 760,012 928,150 929,500 0 (1,350) 758,662
Facility Maintenance Fund 382,984 1,607,006 1,664,277 0 (57,271) 325,713 1,693,729 1,794,471 0 (100,742) 224,971
Enterorise Fund:
Parking Structure Enterprise Fund 635,197 2,557,482 1,287,614 (809,044) 460,824 1,096,021 2,172,250 1,463,369 (1,062,802) (353,921) 742,100
Debt Service Funds:
Town of Vail Debt Service Fund 406,053 120,359 2,205,521 2,122,271 37,109 443,162 114,143 2,406,843 1,982,549 (310,151) 133,011
Booth Creek Debt Service Fund 5,082 41,752 34,527 0 7,225 12,307 19,449 31,675 0 (12,226) 81
Totals 14,466,085 37,165,666 38,489,451 0 1323 785 13,142,300 36,893,700 40 570121 0 (3,676,421) 9,465,8791
FDSUM8A. WK4 1
09/11 /98
TOWN OF VAIL
SCHEDULE OF REQUIRED 1998 SUPPLEMENTAL APPROPRIATIONS
ADDITIONAL
FUND (REDUCED) REVENUES EXPLANATION
DEPARTMENT 1998 INCREASE
EXPENDITURE OR PROJECT EXPENDITURES DECREASE
General Fund:
Revenues:
Taxes 25,219 Revised estimate based on cash collections
Franchise fees (16,255) Revised estimate based on cash collections
Construction fees 100,088 Revised estimate based on cash collections
Licenses (7,299) Revised estimate based on cash collections
ECRTA - Gypsum route 162,000 Expected revenue from ECRTA, less fare box
Other revenues (27,908) Revised estimates
Town Officials & Admin Services:
Internet development 3,000 App'd by Town Council to develop internet
Risk mgt - policy savings (63,500) Insurance policy savings at renewal
Finance-audit fees 2,250 Draft of report prepared by auditors
Info Svcs-hardware 26,963 From savings; new server & replacement PC's
Info Svcs-salaries 15,000 Add computer technician & salary adjustments
Police:
Police salaries 20,000 Training for'99 Championships (estimated)
Professional development 1,729 Amount received from terminated employees for training
Police contract services 15,000 July 4 extra police approved by Town Council
Professional development 1,581 Reimbursements from other agencies for police seminar
Police capital outlay 8,704 Police equipment; cash rec'd 10/97 from Federal grant
Capital outlay 17,000 Dispatch consoles funded by E911 'granY
Fire:
Fire salaries 32,000 Adjustmts app'd for'98 not included in salary spreadsheet
Public Works:
Pub Works uniforms 38,000 Coats & monogramming for Vail '99
Transit overtime 14,300 Ford Park service approved by Council 5/26/98
HEF operating charges 137,700 Gypsum route - 85% of ECRTA revenue
SUPPSUM.WK4 2
09/11 /98
TOWN OF VAIL
SCHEDULE OF REQUIRED 1998 SUPPLEMENTAL APPROPRIATIONS
ADDiTiONAL
FUND (REDUCED) REVENUES EXPLANATION
DEPARTMENT 1998 INCREASE
EXPENDITURE OR PROJECT EXPENDITURES DECREASE
Contributions:
Contributions 2,437 Skate board park - contributions on hand from '97
Contributions 24,000 Turn It Up Vail! approved by Council 8/18/98
Christmas decorations 14,000 Additional lighting at TRC
Special Events (15,000) Reallocation of Police July 4th salaries
SUBTOTAL - GENERAL FUND 295,164 235,845
CAPITAL PROJECTS FUND:
Proj reimb/shared costs 230,484 Utilities & other reimbursements for projects
Proj reimb/shared costs 10,000 Reimb. by WF
Transfer from Debt Service Fund 322,500 Amount from bond reserve freed up by refinancing
Other financing sources 690,300 Total cost of Motorola radio lease, required for audit
Expenditures:
Vail '99 enhancements 62,000 Flagpoles &contingency to cover other Vail '99 projects
Resurface Muni lot (50,000) Postponed & reallocated
Capital street maintenance 40,000 Reallocated; $80,000 for street maintenance
Slifer Plaza 131,108 Reallocated; $81,000 to be reimbursed by utilities
Village overlays (15,000) Reallocated
PW entryway improvements 107,000 Reallocated & add $42,000 for tunnel work
ADA compliance (24,000) Reallocated
Street light improvements 14,000 Reallocated
Christmas lights 10,000 Reallocated
Radio replacement 38,474 Down payment for Motorola radios approved by TC
Radio replacement 690,300 Total cost of Motorola radio lease, required for audit
Equipment purchases 295,034 Fire truck - planned for 1999 but is finished early
SUBTOTAL - CAPITAL PROJECTS FUND 1,298,916 1,253,284
SUPPSUM.WK4 3
09/11 /98
TOWN OF VAIL
SCHEDULE OF REQUIRED 1998 SUPPLEMENTAL APPROPRIATIONS
ADDITIONAL
FUND (REDUCED) REVENUES EXPLANATION
DEPARTMENT 1998 INCREASE
EXPENDITURE OR PROJECT EXPENDITURES DECREASE
RETT:
RETT-original 300,000 Estimate based on actual collections
Park master planning-Cmn Grnd 25,000 Reallocate projects
Property acquisition (25,000) Reallocate projects
SUBTOTAL: RETT 0 300,000
Police Confiscation:
Revenues:
Police confiscation proceeds 7,854 Actual receipts
SUBTOTAL - POLICE CONFISCATION 0 7,854
Housing:
Operations:
Utilities & management 22,072 Operating expenses - utilities & management
SUBTOTAL - HOUSING 22,072 0
TOV Debt Service:
Expenditures:
Interest expense 11,200 40% of interest on bond reserve to ECRA
Transfer to CPF 322,500 Amount from liquidated bond reserve, freed up by refinancing
SUBTOTAL - TOV Debt Service 333,700
SUPPSUM.WK4 4
09/11 /98
TOWN OF VAIL
SCHEDULE OF REQUIRED 1998 SUPPLEMENTAL APPROPRIATIONS
ADDITIONAL
FUND (REDUCED) REVENUES EXPLANATION
DEPARTMENT 1998 INCREASE
EXPENDITURE OR PROJECT EXPENDITURES DECREASE
Booth Creek Bonds:
Expenditures:
Booth Creek principal 15,000 Increased cash receipts
Booth Creek interest (1,200) Extra bond payments have decreased bond balance
SUBTOTAL - BOOTH CREEK BONDS 13,800
Parking:
Revenues:
Special parking assessments 450,000 Additional parking assessments
Space rentals (51,695) Lost tenants after remodel, primarily van services
Insurance reimbursements 3,500 Actual receipts
Expenditures:
Equipment repair & maintenance 20,000 Parking equipment repair for old system & booth replacement
Operating supplies 2,500 Blue passes for old parking system
Bank charges 4,900 Credit card fees not budgeted
SUBTOTAL - PARKING 27,400 401,805
HEAVY EQUIPMENT FUND:
Revenues:
Insurance reimbursements 21,760 Actual receipts
Expenditures:
Vehicle repair & maintenance 21,760 From additional insurance receipts
SUBTOTAL - HEAVY EQUIPMENT FUND 21,760 21,760
SUPPSUM.WK4 5
09/11 /98
TOWN OF VAIL
SCHEDULE OF REQUIRED 1998 SUPPLEMENTAL APPROPRIATIONS
ADDITIONAL
FUND (REDUCED) REVENUES EXPLANATION
DEPARTMENT 1998 INCREASE
EXPENDITURE OR PROJECT EXPENDITURES DECREASE
Facilities Maint:
Revenues:
Insurance reimbursements 5,250 Actual receipts
Expenditures:
Other repairs & maintenance 5,250 From additional insurance receipts
SUBTOTAL - FACILITIES MAINTENAN 5,250 5,250
TOTAL ALL FUNDS 2,018,062 2,225,798
SUPPSUM.WK4 6
TOWN OF VAIL 9/09/9
7:49 P
1998 QUARTERLY FINANCIAL REPORT - 2ND QUARTER l. 1
SUMMARY OF REVENUES, EXPENDITURES, AND CI3ANGES IN FUND
BALANCES
GENERAL FUND
1998 1998 OVER (UNDER)
1997 ORIGINAL REVISED ORIGINAL
ACTUAL BUDGET BUDGET BUDGET
Revenues:
Property and Ownership Tax 1,985,938 2,071,759 2,090,253 18,494
Retail Sales Taxes 7,968,425 8,298,951 8,298,951 -
Ski Lift Tax 2,065,244 2,164,288 2,143,000 (21,288)
Franchise Fees 533,893 557,255 541,000 (16,255)
Penalty and Interest on Delinquent
Taxes 24,876 37,000 25,000 (12,000)
Total Taxes 12,578,376 13,129,253 13,098,204 (31,049)
Contractor's Licenses 28,363 39,462 30,000 (9,462)
Construction Fees 792,727 549,912 650,000 100,088
Other Permits & Licenses 33,496 25,930 28,093 2,163
Total Licenses and Permits 854,586 615,304 708,093 92,789
Intergovernmental Revenue:
Cigarette Tax 126,855 113,393 123,500 10,107
Highway Users Tax 196,666 217,460 217,460 -
Additional Motor Vehicle Regis. 27,707 25,503 25,503 -
County Road & Bridge 531,006 539,796 539,798 -
County Sales Tax 481,379 470,094 500,000 29,906
Federal Grants 21,346 - 173,704 173,704
Transportation Fees 148,574 - 162,000 162,000
State Health Inspection Revenue 8,959 9,300 9,300 -
Total Intergovernmental Revenue 1,542,492 1,375,548 1,751,265 375,717
Charges for Services:
Out of District Fire Response 31,202 28,080 28,080 -
Police Alarm Monitoring 53,299 51,993 54,000 2,007
Dispatch Fees 122,894 431,826 431,826 -
RETT Contribution for Salaries 98,932 102,890 102,890 -
Other Charges and Services 104,124 91,077 83,748 (7,329)
Management Fee WMB 16,895 17,500 17,500 -
Total Charges for Services 427,346 723,366 718,044 (5,322)
Fines and Forfeits 222,833 254,907 227,307 (27,600)
Earnings on Investments 276,107 200,000 200,000 -
8
TOWN OF VAIL 9/09/9
7:49 P
1998 QUARTERLY FINANCIAI, REPORT - 2ND QUARTER 2. 1
SUMMARY OF REVENUES, EXPENDITURES, AND CHANGES IN FUND
BALANCES
GENERAL FUND
1998 1998 OVER (UNDER)
1997 ORIGINAL REVISED ORIGINAL
ACTUAL BUDGET BUDGET BUDGET
Miscellaneous:
Rental Income 151,460 136,758 120,756 (16,000)
Other 160,806 37,898 58,202 20,304
Total Miscellaneous 312,266 174,656 178,960 4,304
Other Sources of Revenue:
Operating Transfers In - - - -
-
TOTAL REVENUE 16,214,006 16,473,034 16,881,873 408,839
Expenditures:
Town Officials 879,352 940,440 1,007,546 67,106
Administrative Services 1,778,885 1,865,148 1,847,061 (18,087)
Community Development 1,183,292 1,102,018 1,323,840 221,822
Police 3,069,776 3,647,591 3,956,135 308,544
Fire 1,189,999 1,265,724 1,309,620 43,896
Pub1iC Works 2,448,948 2,713,226 2,722,726 9,500
Transportation 2,532,107 2,292,985 2,498,685 205,700
Library 552,628 580,795 580,795 -
Contributions and Special Events 858,197 953,159 953,396 237
Facility Maintenance 791,946 852,371 852,371 -
Operating Transfers 89,493 96,180 1,442,180 1,346,000
Total Expenditures 15,374,623 16,309,637 18,494,355 2,184,718
Revenue Over/(Under) Expenditures 839,383 163,397 (1,612,482) (1,775,879)
Beginning Fund Balance 4,324,922 3,792,436 5,164,305 1,371,869
Ending Fund Balance 5,164,305 3,955,833 3,551,823 (404,010)
/
CAPITAL PROJECTS FUND
5UMMARY OF REVENUE AND EXPENDITURES
1998
' evise 2n Amen '
Butiget tQ Budge# '
'1-99$'' 1998.
Revenue:
Sales Tax 6,643,000
Shared Project Costs 240,484 240,484
RETT Loan Payment 1,000,000
Vail Commons Comm Lease 50,000
Federal grants - Busses 1,000,000
Lease Proceeds 690,300 690,300
Transfer from other Funds 220,000
Transfer from Debt Service Fund 322,500 322,500
Interest Income & Other 100,000
Total Revenue 10,266,284 1,253,284
Equipment Purchases
Fire Truck Purchase 295,034 295,034
New Capital Heavy Equipment 151,165
Repower Buses 47,000
Replace Buses 2,124,314
800 MHz radio system 38,474 38,474
Lease Purchase 800 MHz Radio System 690,300 690,300
Computer Replacement 55,236
Maintenance
Reconstruct Muni Building Parking 0 (50,000)
Street Furniture Replacement 10,000
Bus Shelter Replacement Program 15,000
Capital Street Maintenance 575,395 40,000
Facility Capital 192,490
Street Reconstruction
Golf Course 0
Lionsridge Area 46,300
Streetscape Projects
Seibert Circle 690,094
1999 Championship Enhancements 62,000 62,000
Slifer Plaza - East Meadow Dr 671,108 131,108
Check Point Charlie 250,000
Heat TRC Stairs & Upper Plaza 1,380,717
Village Overlays 65,000 (15,000)
VV Drive (Cost Share w/ VA) 40,000
Buildings & Improvements
Entry Way Building Remodel 592,000 107,000
10CIP9.WK4 09/11/98
CAPITAL PROJECTS FUND
SUMMARY OF REVENUE AND EXPENDITURES
1998
evise 20 men
; Budget to Budget
199$ ' 1995
Other Improvements
ADA Compliance 1,000 (24,000)
Street Light Improvement Program 54,000 14,000
Drainage Improvements 121,000
Fiber Optic Connection 15,000
Christmas Lights 40,000 10,000
Underground Utilities Buffehr Cr to Sandstone 91,000
Interchange Improvements
West Vail Interchange 572,000
Vail Commons Road Improvements 45,000
Main Vail Interchange Improvements 23,116
Master Planning
Loading & Delivery Study 61,000
TOTAL OF THE ABOVE PROJECTS 9,014,743 1,298,916
Transfer to Parking - Deficit
Transfer to Housing Fund 300,000
Transfer for Debt Service 1,462,247
Total Expenditures 10,776,990
Revenue Over (Under) Expenditures (510,706)
Beginning Fund Balance 1,652,025
tnd€nq*unci Ba~an~e 1,~4I,3'~9
10C1 P9. WK4 09/11 /98
REAL ESTATE TRANSFER TAX FUND (RETT)
SUMMARY OF REVENUE AND EXPENDITURES
Revlised ' 2bd Amettd ;
Budget to $udget
1098 1998
RETT Revenue:
Real Estate Transfer Tax 2,000,000 300,000
Golf Course Lease 102,296
Lottery Revenue 14,592
Interest Income & Other 40,000
Shared Project Costs
Land Sales
Recreation Ame ' Fee 130,000
Total RETT Revenue 2,286,888 300,000
RETT Expenditures:
Annual Maintenance
Rec Path Maintenance 197,416
Trees for Vail 10,000
Park Maintenance 173,349
Subtotal Maintenance 380,765
Recreation Path/Trail Development
North Trail 131,800
2 Kiosks & Ma s 11,600
Subtotal Pathways 143,400
Park Capital Maintenance
Dowd Junction Land Imp 4,200
Playground Safety Improvements 50,000
Big Horn Improvements 120,950
Irrigation Control 15,000
ParkDevelopment
Park Master Planning Process (Common Grd) 75,000 25,000
Ford Park Projects:
Permanent Power Source 36,000
Frontage Road Improvements 88,000
Manor VailBridge 162,000
Ed Center Stanway 7,200
A1 ine Garden Pled e 10,000
Subtotal Park Improvements 568,350
Open Lands
Propertv Ac uisition 50,000 (25,000)
Subtotal Open Lands 50,000
Project Management 46,000
Debt Service & Misc
Golf Course Note 340,432
Miscellaneous 500
Transfer to CIP- Reimb for Tra ers Run 1 000 000
Subtotal Debt Service & Misc 1,340,932
Total 2,529,447 0
Revenue Over (Under) Expenditures (242,559)
Beginning Fund Balance 1,988,957
Ending, Fund::Batanee
10 RC IPO. W K4 09/10/98
TOWN OF VAIL 9/09/9
7:51 P
1998 QUARTERLY FINANCIAL REPORT - 2ND QUARTER l. 1
SUMMARY OF REVEN[TES, EXPENDITURES, AND CHINGES IN FUND
BALANCES
POLICE CONFISCATION FUND
1998 1998 OVER (UNDER)
1997 ORIGINAL REVISED ORIGINAL
ACTUAL BUDGET BUDGET BUDGET
Revenues: '
Confiscation Proceeds 12 - 7,854 7,854
Grant - Federal 19,831- - - -
Transfer from General Fund 44,442 66,180 66,180 -
Interest income 935 - - -
Total Revenues 65,220 66,180 74,034 7,854
Expenditures:
Personnel 68,607 66,181 66,181 -
Operating, Maintenance, & Contracts - 8,300 8,300 -
Total Expenditures 68,607 74,481 74,481 -
Revenue Over/(Under) Expenditures (3,387) (8,301) (447) 7,854
Beginning Fund Balance 21,643 9,442 18,256 8,814
Ending Fund Balance 18,256 1,141 17,809 16,668
13
TOWN OF VAIL 9/09/9
7:50 P
1998 QUARTERLY FINANCIAL REPORT - 2ND QUARTER 1. 1
SUMMARY OF REVENUES, EXPENDITURES, AND CHANGES IN FUND
BALANCES
MARKSTING FUND
1998 1998 OVER (UNDER).
1997 ORIGINAL REVISED ORIGINAL
ACTUAL BUDGET BUDGET BUDGET
Revenues:
Business Licenses 339,336 341,500 341,500 -
Total Revenues 339,336 341,500 341,500 -
Expenditures :
Payments to WTCB 322,441 324,000 324,000 -
Administration Fee 16,895 17,500 17,500 -
Total Expenditures 339,336 341,500 341,500 -
Revenue Over/(Under) Expenditures - - - -
Beginning Fund Balance - - - -
Ending Fund Balance - - - -
j14
TOWN OF VAIL 9/09/9
7:50 P
1998 QUARTERLY FINANCIAL REPORT - 2ND QUARTER 1. 1
SUMMARY OF REVENUES, EXPENDITURES, AND CFIANGES IN FUND
BAI,ANCES
HOUSING FUND
1998 1998 OVER (UNDER)
1997 ORIGINAL REVISED ORIGINAL
ACTUAL BUDGET BUDGET BUDGET
Revenues:
Housing Rent 24,638 34,841 34,841 -
Vail Commons Commercial & Residen-
tial Leases 77,058 89,000 89,000 -
Shared project costs - - 1,874,000 1,874,000
Operating transfer from General
Fund 45,052 30,000 1,376,000 1,346,000
Operating transfer from Capital
Projects Fund 1,279,864 300,000 300,000 -
Interest income 93,709 - - -
Total Revenues 1,520,321 453,841 3,673,841 3,220,000
Expenditures:
Housing Administration 8,980 11,443 11,443 -
Vail Commons Landscaping Enhancemts 20,000 - - -
Housing Projects:
Public Works Housing 1,714,881 16,000 751,692 735,692
Miscellaneous Housing Projects 6,594 2,000 2,000 -
Town Manager Lots - 20,000 20,000 -
A-Frame Redevelopment - 16,000 16,000 -
Common Ground - - 100,000 100,000
Red Sandstone Housing - - 3,200,000 3,200,000
Rental Expenses:
770 Potato Patch 6,177 7,072 7,072 -
Arosa Drive A-Frame 1,611 5,200 5,200 -
Buzzard Park Operating Expenses - - 28,072 28,072
Total Expenditures 1,758,243 77,715 4,141,479 4,063,764
Revenue Over/(Under) Expenditures (237,922) 376,126 (467,638) (843,764)
Beginning Fund Balance 1,006,934 44,949 769,012 724,063
Ending Fund Balance 769,012 421,075 301,374 (119,701)
~ ~
TOWN OF VAIL 9/09/9
7:49 P
1998 QUARTERLY FINANCIAL REPORT - 2ND QUARTER 1. 1
SUMMARY OF REVENUES, EXPENDITURES, AND CHANGES IN FUND
BALANCES
HEAVY EQUIPMENT FUND
1998 1998 OVER (UNDER)
1997 ORIGINAL REVISED ORIGINAL
ACTUAL BUDGET BUDGET BUDGET
Revenues:
Interagency Charges 1,638,429 1,563,479 1,563,479 -
Insurance Proceeds - Body Repair 31,516 40,000 58,000 18,000
Sale of Assets and Other 250,122 51,000 84,760 3,760
Interest income 41,808 20,000 20,000 -
Total Revenues 1,961,875 1,704,479 1,726,239 21,760
Expenditures:
Equipment Maintenance and Fuel 1,147,808 1,192,041 1,213,801 21,760
Capital Outlay 552,808 408,900 576,637 167,737
Total Expenditures 1,700,616 1,600,941 1,790,438 189,497
Revenue Over/(Under) Expenditures 261,259 103,538 (64,199) (167,737)
Beginning Eund Balance 651,271 630,852 912,530 281,678
Ending Fund Balance 912,530 734,390 848,331 113,941
TOWN OF VAIL 9/09/9
7:49 P
1998 QUARTERLY FINANCIAL REPORT - 2ND QUARTER l. 1
SUMMARY OF REVENUES, EXPENDITURES, AND CHANGES IN FUND
BALANCES
HEALTH INSURANCE FUND
1998 1998 OVER (UNDER)
1997 ORIGINAL REVISED ORIGINAL
ACTUAL BUDGET BUDGET BUDGET
Revenues:
Insurance Premiums 881,574 894,400 894,400 -
Interest income 51,047 33,750 33,750 -
Total Revenues 932,621 928,150 928,150 -
Expenditures:
Health Claims 729,753 805,500 805,500 -
Premiums 92,010 101,000 101,000 -
Insurance Dividend 102,455 - - -
Short-Term Disability Payments 7,206 23,000 23,000 -
Total Expenditures 931,424 929,500 929,500 -
Revenue Over/(Under) Expenditures 1,197 (1,350) (1,350) -
Beginning Fund Balance 758,815 727,527 760,012 32,485
Ending Fund Balance 760,012 726,177 758,662 32,485
TOWN OF VAIL 9/09/9
7:45 P
1998 QUARTERLY FINANCIAL REPORT - 2ND QUARTER 1. 1
SUMMARY OF REVENUES, EXPENDITURES, AND CHANGES IN FUND
BALANCES
FACILITY MAINTENANCE FUND
1998 1998 OVER (UNDER)
1997 ORIGINAL REVISED ORIGINAL
ACTUAL BUDGET BUDGET BUDGET
Revenues:
Interagency Charges 1,549,797 1,642,399 1,642,399 -
RETT Reimbursement for Salaries 14,000 14,560 14,560 -
Rental Income 18,120 11,520 11,520 -
Other 2,405 - 5,250 5,250
Interest income 22,684 - 20,000 20,000
Total Revenues 1,607,006 1,668,479 1,693,729 25,250
Expenditures :
Maintenance 1,664,277 1,668,221 1,673,471 5,250
Capital Outlay - 95,000 121,000 26,000
Total Expenditures 1,664,277 1,763,221 1,794,471 31,250
Revenue Over/(Under) Expenditures (57,271) (94,742) (100,742) (6,000)
Beginning Fund Balance 382,984 203,038 325,713 122,675
Ending Fund Balance 325,713 108,296 224,971 116,675
TOWN OF VAIL 9/09/9
7:51 P
1998 QUARTERLY FINANCIAL REPORT - 2ND QUARTER 1. 1
SUMMARY OF REVENUES, EXPENDITURES, AND CHANGES IN FUND
BALANCES
PARKING FUND
1998 1998 OVER (UNDER)
1997 ORIGINAL REVISED ORIGINAL
ACTUAL BUDGET BUDGET BUDGET
Revenues:
Parking Fees 1,870,891 1,983,250 1,583,250 (400,000)
Parking Assessments 578,774 50,000 500,000 450,000
Leases and Other 51,829 87,195 39,000 (48,195)
Interest income 55,988 - 50,000 50,000
Total Revenues 2,557,482 2,120,445 2,172,250 51,805
Expenditures:
Gate Operations 322,189 295,941 313,341 17,400
Maintenance Operations 757,851 790,028 790,028 -
Non-Operating Expenses:
Capital Outlay 207,574 70,000 360,000 290,000
Operating Transfers to Other Funds 609,044 1,062,802 1,062,802 -
Total Expenditures 2,096,658 2,218,771 2,526,171 307,400
Revenue Over/(Under) Expenditures 460,824 (98,326) (353,921) (255,595)
Beginning Fund Balance 635,197 417,536 1,096,021 678,485
Ending Fund Balance 1,096,021 319,210 742,100 422,890
J~
TOWN OF VAIL 9/09/9
7:45 P
1998 QUARTERLY FINANCIAL REPORT - 2ND QUARTER l. 1
SUMMARY OF REVENUES, EXPENDITURES, AND CFIANGES IN FUND
BALANCES
DEBT SERVICE PUND
1998 1998 OVER (UNDER)
1997 ORIGINAL REVISED ORIGINAL
ACTUAL BUDGET BUDGET BUDGET
Revenues:
Operating Transfer from Capital
Projects Fund 1,313,227 1,462,247 1,462,247 -
Operating Transfer from Parking
Structure Fund 809,044 842,802 842,802 -
Received from Eagle County Recrea-
tion Authority 90,574 90,594 90,594 -
Interest income 29,785 23,549 23,549 -
Total Revenues 2,242,630 2,419,192 2,419,192 -
Expenditures:
Bond Issue Payments:
Principal 665,000 1,050,000 1,050,000 -
Interest 1,368,445 1,333,143 1,333,143 -
Fiscal Agent Fees 5,176 12,500 12,500 -
Lease Payments:
Principal and Interest 166,900 - - -
Other Expenditures:
Interest to Eagle County Rec. Auth. - - 11,200 11,200
Operating Transfer to Capital Proj.
Fund - - 322,500 322,500
Total Expenditures 2,205,521 2,395,643 2,729,343 333,700
Revenue Over/(Under) Expenditures 37,109 23,549 (310,151) (333,700)
Beginning Fund Balance 406,053 547,691 443,162 (104,529)
Ending Fund Balance 443,162 571,240 133,011 (438,229)
L-C_7
TOWN OF VAIL 9/09/9
7:45 P
1998 QUARTERLY FINANCIAL REPORT - 2ND QUARTER l. 1
SUMMARY OF REVENUES, EXPENDITURES, AND CHANGES IN FUND
BALANCES
BOOTFi CREEK BOND FUND
1998 1998 OVER (UNDER)
1997 ORIGINAL REVISED ORIGINAL
ACTUAL BUDGET BUDGET BUDGET
Revenues:
Special Assessments 30,053 13,978 13,978 -
Interest income 11,699 5,471 5,471 -
Total Revenues 41,752 19,449 19,449 -
Expenditures:
Bond Issue Payments:
Principal 25,000 10,000 25,000 15,000
Interest 8,519 7,875 6,675 (1,200)
Fiscal Agent Fees 1,008 - - -
Total Expenditures 34,527 17,875 31,675 13,800
Revenue Over/(Under) Expenditures 7,225 1,574 (12,226) (13,800)
Beginning Fund Balance 5,082 3,688 12,307 8,619
Ending Fund Balance 12,307 5,262 81 (5,181)
~r
ORDINANCE NO. 14
SERIES OF 1998
AN ORDINANCE MAKING SUPPLEMENTAL APPROPRIATIONS FROM THE TOWN OF
VAIL GENERAL FUND, HEAVY EQUIPMENT FUND, PARKING STRUCTURE FUND,
HOUSING FUND, CAPIT.AL PROJECTS FUND, DEBT SERVICE FUND, BOOTH CREEK
DEBT SERVICE FUND, AND FACILITY MAINTENANCE FUND, OF THE 1998 BUDGET
AND THE FINANCIAL PLAN FOR THE TOWN OF VAIL, COLORADO; AND AUTHORIZING
THE EXPENDITURES OF SAID APPROPRIATIONS AS SET FORTH HEREIN; AND SETTING FORTH DETAILS IN REGARD THERETO.
WHEREAS, contingencies have arisen during the fiscal year 1998 which could not have been
reasonably foreseen or anticipated by the Town Council at the time it enacted Ordinance No. 20,
Series of 1997, adopting the 1998 Budget and Financial Plan for the Town of Vail, Colorado; and,
WHEREAS, the Town has received certain revenues not budgeted for previously; and,
WHEREAS, the Town Manager has certified to the Town Council that sufficient funds aze
available to discharge the appropriations referred to herein, not otherwise reflected in the Budget,
in accordance with Section 9.10(a) of the Charter of the Town of Vail; and,
WHEREAS, in order to accomplish the foregoing, the Town Council finds that it should make
certain supplemental appropriations as set forth herein.
NOW, THEREFORE, BE IT ORDAINED, BY THE TOWN COUNCIL OF THE TOWN
OF VAIL, COLOR.ADO that:
1. Pursuant to Section 9.10(a) of the Charter of the Town of Vail, Colorado, the Town
Council hereby makes the following supplemental appropriations for the 1998 Budget and Financial
Plan for the Town of Vail, Colorado, and authorizes the expenditure of said appropriations as
follows:
FUND AMOUNT
General Fund $295,164
Facility Maintenance Fund 5,250
Heavy Equipment Fund 21,760
Parking Structure Fund 27,400
Housing Fund 22,072
Capital Projects Fund 1,298,916
llebt Service Fund 333,700
Booth Creek Debt Service Fund 11800
$2,018,062
2. If any part, section, subsection, sentence, clause or phrase of this ordinance is far any
reason held to be invalid, such decision shall not affect the validity of the remaining portions of this
ordinance; and the Town Council hereby declares it would have passed this ordinance, and each part,
section, subsection, sentence, clause or phrase thereof, regardless of the fact that any one or more
parts, sections, subsections, sentences, clauses ar phrases be declared invalid.
3. The Town Council hereby finds, determines, and declares that this ordinance is
necessary and proper for the health, safety, and welfare of the Town of Vail and the inhabitants
- thereof.
4. The repeal or the repeal and reenactment of any provision of the Municipal Code of
the Town of Vail as provided in this ordinance shall not affect any right which has accrued, any duty
imposed, any violation that occurred prior to the effective date hereof, any prosecution commenced,
nor any other action or proceedings as commenced under or by virtue of the provision repealed or
repealed and reenacted. The repeal of any provision hereby shall not revive any provision or any
. ordinance previously repealed or superseded unless expressly stated herein.
5. All bylaws, orders, resolutions, and ordinances, or parts thereof, inconsistent herewith
are repealed to the extend only of such inconsistency. This repealer sha11 not be construed to revise
any bylaw, order, resolution, or ordinance, or part thereof, theretofore repealed.
INTRODUCED, READ, APPROVED, AND ORDERED PUBLISHED ONCE 1N FULL
ON FIRST READING this 15th day of September, 1998, and a public hearing shall be held on this
Ordinance on the 6th day of October, 1998, at 7:30 p.m. in the Council Chambers of the Vail
Municipal Building, Vail, Colorado.
Robert E. Ford, Mayor
ATTEST:
Larelei Donaldson, Town Clerk
READ AND APPROVED ON SECOND READING AND ORDERED PUBLISHED
this 6th day of October, 1998.
Robert E. Ford, Mayor
ATTEST:
Lorelei Donaldson, Town Clerk
C:brinance98.14
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THE VISION We pYO~"IOSe, in partnership with the Colorado Department
of Transportation, to enhance the existing Union Pacific Railroad
corridor for clean-burning diesel light rail and trails to run along-
side each other. When complete, rails and trails will link the
A Ce1'l tuYyGZg'0, the railroad was the lifeblood of these region from Gypsum to Vail, and south to Leadville. Three new
valleys. Long before champagne powder and the autumn glow intermodal centers will connect air, commercial van, bus, rail,
of aspen brought skiers and tourists, the rails brought ranchers, auto, and bicycle traffic. Stations and park-and-ride facilities in
miners, trappers and tradesmen, and everything they needed to or near each community will provide easy access for commuters
live and work the land. Trails provided the only other means of and tourists.
transportation between the settlements.
We envision this project as the first step toward creating a safe,
In the second half of this century, the new settlers brought new efficient, attracHve transit alternative between Denver
vitality, creativity and wealth to the valleys. The opening of Vail International Airport and Glenwood Springs. The environment,
in 1962, followed by Beaver Creek in 1980, and Arrowhead and our quality of life, the tourism industry and those who use I-70
Bachelor Gulch in the 1990s, attracted residents and visitors in Will be the benefactors. And managed phasing of these enhance-
every season. The sturuling natural setting, dynamic business ments will assure financial responsibility.
climate and diverse recreational opportunities continue to draw We call this project The InterMountain Connection.
more and more people to live, work and play here.
E.x'pZOSZ712 g'YOZUthhas come at a price: the environ- EAGLE BOARD OF COUNTY COMMISSIONERS
ment is threatened by increasing pollution, traffic conges- ~
tion, and lack of housing. Traffic projections show this
trend will continue unless something is done now. The a es E. Johnson Chai
State of Colorado has identified Interstate 70 from C-470
west to Glenwood Springs as a strategic corridor in need of
major improvement - in particular, a transit system. Local EAGLE COUNTY REGIONAL
governments and resort developers recognize the problem TRANSPORTATION AUTHORITY
and are working together to solve it.
There is an undercurrent of urgency in the valley: It is time nozv
to preserve our heritage before it is too iate. To reclaim our Kevin R. Foley, Chairman
future, we are looking to the past: the railroad and trails that
served our forebears can serve us as well. September, 1998
THE OPPOR-TUNITY
CDOT's mission in the I-70 Mountain Corridor is to THE INTEEZMOUNTAIN PARTNERSHIP
improve safe movement of people and goods through
short- and long-term solutions that:
Eagle County
• deploy innovative technologies that minimize or elimi- Eagle County Regional Transportation
nate the impacts on the natural and man-made environ- Authority (eco)
ments.
• Town of Avon
• Town of Basalt
• preserve the rural character and community values of
settlements located within the corridor. • Town of Eagle
• Town of Gypsum
• provide a balance of economic aevelopment and • Town of Minturn
employment opportunities for the corridor. • Town of Red Cliff
• Town of Vail
• ensure that those who benefit the most from the Beaver Creek Metropolitan District
improvements pay proportionately. Smith Creek Metropolitan District
The InterMountain Connection presents an outstanding Beaver Creek Resort Company
opportunity to begin fulfilling this mission. Vail Associates, Inc.
Get on board! Proposal October 5,1998
All aboard july 4, 2001
Our goal is to preserve our environment and quality of life
by expanding and enhancing the transportation infrastructure
that supports our tourist industry, and optimizing the existing
highway system.
By providing a light rail and trail system in the Eagle and Vail Valleys,
we will connect our communities and resorts, and redistribute local traffic
to relieve pressure and improve conditions on Interstate 70.
In partners.
Zp, we can achieve our goal.
THE PR-OPOSAL
A clean-burning diesel light rail system, coupled with paved miclti-use trails, will
connect the towms and resorts in the I-70 corridor from Gypsum to Vail, and along US
24 south to Leadville. This system zvili rnake use of existing corridors and right-of-zuay
zvherever possible, creating nezo connections zaith proposed transit systems that are still
in the planning stages, and linking with trails presently under construction.
Wolcott
~i-41k
i ~
Sa9e ? ?
~ Vail
Gypsum ~--aEagle ~ Dowd
~ Junction
Edwards
Eagle County
Airport Avon Minturn
Phase One Rail
Redcliff
Phase I will include rail from the Eagle County Airport to Avon, intermodal
centers at each end, stations at Eagle and Edwards, acquisition of the corridor
from Sage to Leadville, and environmental clearances and design for Phase II.
Rail
O Stations
~ Major intermodal centers
Leadvilte
J
~ ~
g , ~ GLti.~' eP
-•-.,i+
Can rails and trails The study concluded that trails and rail lines sharing the same
right-of-way is not only legitimate and viable, but also
work safely together? desirable because of its safety.
YeS ! Research indicates that trails alongside active rail lines Many communities across the country have gained new
are becoming significant additions to our nation's tranportation transportation and recreation opportunities as public transit
and recreation system. These illustrations show a typical urban agencies have acquired railroad right-of-way.
section (above), and a typical rural section (below right.)
- Frorn °Rails-with-Trails," a 1996 report
Before 1986, only a handful of "rails-with-trails" were in ti,.~ from the Rails-to-Trails Conservancy,
existence. Today, with the growth of the trails movernent, and Wnshington, D.C. Used with permission.
the restructuring of the railroad industry, rails-with-trails are ~
enhancing communities across the country.
The Rails-to-Trails Conservancy recently surveyed 37 rails-
~ A ~
with-trails systems across the country. 23 were mainline, mass
transit lines, typically separated from the trail by grade, vegeta-
tion (including trees), ditches or some kind of fencing. The ~
typical distance between the rails and trail was 50 to 100 feet.
THE
PAR-TNER-SHIP
This project presents a special opportunity for local The economic viability of freight rail service to and
governments, transportation authorities, resort through the corridor remains uncertain. Preserving a
companies and private developers to work together with rail corridor in the Vail and Eagle Valleys with passenger
the Colorado Department of Transportation, and develop rail provides flexibility regarding freight service.
a transit solution that benefits everyone. Each partner
will contribute unique ideas and expertise. In the coming months, CDOT and the Inter-Mountain
Partnership will explore a variety of ownership and
Each community will determine the appropriate size, operating agreement scenarios with the Union Pacific
character and location of its transit station, parking Railroad (UP), including:
requirements, and trail linkages. Planning, permitting
and other land use issues will be handled by the • Purchase of the rail corridor
individual communities.
• Purchase of the rail corridor with an operaing
There are several possibilities for the partners to share the agreement for future rail freight
costs of building, operating and maintaining a rail and
trail sytem. Each entity would provide an equitable share • Negotiation of a passsenger operating agreement on
af the cost, based on its share of benefits and UP trackage.
opportunities.
Wolcott
i~
i'
Sage
Gypsum * a'' Vail
~ Eagle Dowd
on
Edwards Juncti
Eagle Counry
Airport Avon
i Minturn
.
.
~ Redcliff
Phase One Trail ,
.
.
Phase One will create a paved trail from Sage (just east of Gypsum) to Dowd ;
Junction, connecting with the existing paved trail to Vail. An unpaved, multi-use
trail will be created from Dowd Junction to Leadville. ;
~
~
.
-•-New paved trail
Unpaved, multi-use trail ;
Existing trail ~
0 Phase One intermodal center
Leadville
Proposed Phase One Timeline
Jan Jul Jan Jul Jan Jul 4
1999 1999 2000 2000 2001 2001
~
Planning Railroad Public besign Equipment Acquisition Opening
Negotiations Process Trackwork/Stations/Facilities Construction Day
Wolcott
,,.0A\. Lionshead
Sage at V\ ii Vvla~ge
Gypsum 4) o....:''Q DOwd •49)
0 Eagle Junction . ~
Eagle County Edwards
Avon~a•~•~..
Airport ~ Eagle- ~Minturn
Village at Vail
Avon
~
~ Red Cliff
?
?
?
?
Phase Two Rail & Trail `
~
~
Phase Two includes rail from Avon to Vail; a major intermodal center at Vail Village; j
stations at Gypsum, Wolcott, Eagle-Vail, Minturn, the Village at Avon, and Lionshead ~
at Vail; and paving of the trail from Dowd Junction to Leadville. ~
I
Building on the success of Phase One, Phase Two can begin as soon as environmental ~
clearances are received.
Leadville
Phase One Rail Phase Two Rail
0 Phase One Station 4D Phase Two Station
C) Phase One Intermodal Center 4ff) Phase Two Intermodal Center
Phase Two Paved Trail
I'tZOi'05ED I'EDESTRIAN BKIDGE f'ROP05ED
P0551BLE FUTUKE PEDESTRIAN 13U5 STATION FR01'05ED COMMUTER
LINKAGE TO AVON TOWN GENTEI2 I:AIL STATION
f'055I13LE FUTURE
1'OS5I13LE FUtUKE FUNICULAIZ STIZUGTURE LODGING, GOMMERCIAL GONDOLA STRUCTUIZE ~ LODGING> COMMERCIAL
& f'AKKING 51TE & PA(ZKING SITE •
- . . • . ' :RAIL LINES' : . . . . . . , . ~ . .
RIGHT-IN
POTENTIAL _ ' ~ ~ ~"a``""~ ' . ~ • RIGHT-OUT
AFF012DABLE . AGGE55
HOU5ING N mr ; 8 w ^ . . ~ , . ONLY
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GOMMERGIAL . 4..~'
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o
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1`055IBLE FUTUKE . .
GONDOLA TO . . • . ~ ° ~ U.S. Highway 6 . BACHELOR GULGH . . • : . .
~ P055I13LE FUTUKE
FUNICULAR STRUGTURE (to Beaver Creek)
THE BENEFITS ? Increased transportation options and reduced
reliance on the single-occupancy vehicle
As the first project of its kind on the Western Slope, the ? Reduced consumption of fossil fuels
InterMountain Connection lias a unique opportunity to ? Reduced vehicle miles traveled, likely resulting in
demonstrate lzozv innovative transit solutions can be developed fewer traffic accidents
by a collaborative effort betzveen public and private interests. It
greatly improves mobility for residents, tourists nnd ? Safety in a variety of weather conditions
commercial trnffic, zvhile creating a nezc) bnlmice betzcyeen the V Increased options for those who are "transportation
economic and environmental 1lealtli of the region. disadvantaged" due to age, physical challenges, or
? A first step toward the proposed high speed system economics
from DIA to Glenwood Springs, providing an ? Frequent, convenient service
interim system of high quality, efficient ? Preservation of the corridor for potential future
transportation that will reorient travelers toward the freight operations
use of transit
? Utilization of proven teehnology
? New connections with existing and proposed trail
and transit systems ? Opportunities for "attraction" operators, such as a
dinner train or tourist train
? Use of existing rail and right-of-way for the majority
? Maximum adaptability for the future
of the route
? Reduction of traffic on I-70 and US 6 due to
redistribution of trips to other transportation modes
Avon Station/
? Greatly increased ability for safe bicycle commuting
via expanded traiis and connections to raii COYlfluence Development
The conceptual plan belozv shozc7s hozv trails, rail,
? Opportunities for transit-oriented development buses, autos, a possible future gondola, and a possible
? Increased recreational opportunities future funicular could link together at the area knozvn
ns the Conflitence Site in Avon. These ideas are being
? Reduced parking requirements in core business and considered; hoznever, they do not represent specific
resort areas plnns of the developer.
Wolcott
. Lionshead
Vail
Dotsero Sage at Vail Village
~ • ..~..~...~~~.(~rEagle ` Dowd ~ar4iff) ~1
Gienwood~ Gypsum ~ Edward ~s Junction; * to
S rin s Eagle County ~ Denver
P g Airport Avon ~ Eagle- •
Village at Vail 4)Minturn
Avon ~
~ Red Cliff
?
Future Phases
Tlie map above shou)s a complete interim commmuter liglit rail system, as part of the •1
vision for the 1-70 Mountain Corridor. Trails link the corridor in close proximity to ~
the rails. .
/
Future phases would include rail from Dowd Junction to Leadville, and from the ~
Eagle County Regional Airport to a major intermodal center at Glenwood ~
Springs. Future stations would include Dotsero, Red Cliff, and Leadville.
These phases can be built as soon as Phase One is successfully completed and •Q Leadville
environmentai clearances are received.
Phase One Rail Future Rail
0 Phase One Station O Future Station
C) Phase One Intermodal Center ~ Future Intermodal Center
Phase Two Rail
4) Phase Two Statian
49) Phase Two Intermodal Center
Vail Minturn
Red Cliff To Leadville
. . : -
,
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itorth centrrrl L,rrke Cotrriti/. Sttc(iies of 1{ir 1-70 nrortiTlriiit
rorridor sltore, tlinf 40-50% of nll tr•ips oir I-70 itt Enxle • P.esicieizts and guests who view the rail as a convenierlt
Cortnty rrr•e locrrl, rrrtlrer fl1R1I fIlYOJ(gIl I!'t7ffle,. T1ie rrril form of transpartcition between recreakion Iocations, a
systerlr cntz expert to rlrnw riders frmr scVel•ril sorrrc,es; connection ivitli other- tTansit systeiiis in the Eagle and
Trarlsit bus i•iders from VaiI, Avon, Bea Rc~aring Fcn•k Valleys, ancl/or as an ac~ded aftraction.
• ~>er C'rec~k,
Leadville, Reiicliff, Minturn, Eagle-Vail, Edwarzis,
Eagle, Gypsum, and Dotsero.
• Recreation and Uusiness havelers fron-i tlie Fagle
Cotxnt), ftegional Airporf.
~/~•y~°
DONOVAN PARK NEIGHBORHOOD ASSOCIATION
POSITION STATEMENT
The Donovan Park Neighborhood Association is dedicated to the preservation and
enhancement of open space and parks, especially open space and parks purchased with
RETT funds. Through the political and legal process we seek permanent protection for
these lands. Our mission is to work with the Town of Vail government to protect its
scenic, recreational and natural unique open space.
Thanks to the foresight of a previous Council we have an opportunity to preserve lands
intact and undeveloped for the benefit of present and future generations. We will use our
polirical activism dollars, lawyers, charter changes and talents to protect open space and
parks in all our neighborhoods.
The visitors, our guests to Vail, come for a unique experience. Eagle County is the
second fastest growing county in Colorado and the need to protect open lands is one of
the highest priorities.
The Donovan Park Neighborhood is a working, lights on, community. Most of our home
owners aze full-time local residents, and many of tkem rent apartments and rooms in their
homes to local employees. We have given the Vail Town Council numerous suggestions
to help them solve the housing dilemma. We will continue to work with them toward this
solution.
If we err in decisions regarding open spaces, we must err in favor of preserving those
open spaces. They are precious and unrecoverable for future generarions. We ask this
Council to put the lands purchased with RETT funds in a trust dedicated to parks, open
space and recreation.
Our heartfelt enthusiasm is yours to use toward these goals. Vail is our HOME.
Thank you,
Donovan Park Neighborhood Association
r
Memorandum
To: Town Council
From: Andy Knudtsen
Subject: Recommended Housing Program Date: September 15, 1998
The goal of the discussion is to build consensus around a compromise housing pXOgram
which can move forward. Council, based on the comments already communicated by the
community, has agreed to:
¦ adopt a new resolution, superceding Resolution 9, 1998 adopted June 30,
1998;
¦ shift the three benches of Donovan Park to the end of the program, reflecting
the community suggestion to use open space, purchased with RETT funds,
last; and
• eliminate the use of RETT as a permanent source of funding for housing.
Specific items to be discussed include the:
¦ review of suggestions and comments made by community members regarding
housing solutions; and
¦ next steps to further discuss ideas and suggestions
The material attached to this packet includes:
Resolution 10, Series 1998;
A matrix of suggestions and comments about housing solutions; and
The original letters from community members with their suggestions.
~
DRAFT
September 18, 1998 Dear Community Member, b .
We would like to invite you to participate in the next steps of the Common Ground pzocess and update
you on the recent changes to the program. The Town Council modified the list of proposed sites and
funding sources for affordable housing on September 15, 1998:
- deleting the previously proposed annual allocation of RETT funds for housing.
- Resolution 10, series 1998, is attached for your review. It supersedes the previous
resolution adopted June 30 regarding the Common Ground recommendation.
The Common Ground process continues to involve four uses: parks, housing, community facilities and
open space. While separate community participation processes will be underway soon for community
facilities, the process outlined on the back of this letter identifi.es the dates for participating in dialogue
relating to housing and parks. You will find that separate discussion tracks have been created for two
individual sites. Eventually, each site identified in Resolution 10 will have its own track. This individual
focus will enable community members to spend as much time as desired discussing alternatives and
understanding options.
The goal of the discussions is to create development parameters for affordable housing and/ or parks to be
included in a Request for Proposals (RFP). It will be an opportunity to describe the types of housing and
park development that will or won't work for you. Please join us! If you have any suggestions that would make the proposed_process better, we would like to hear from you.-
Please call us:
Andy Knudtsen 479-2440
Suzanne Silverthom 479-2115
Russ Forrest 479-2146
Nina Timm 479-2144
Sincerely,
F
i
Andy Knudtsen '
Senior Housing Policy Planner
DRAirT
OppoRunity for involvement West Vail Lionshead
#1 Bus Tour - Purpose of ineeting is to review a range of site Monday, October 12 Monday, October 19
planning and architectural prototypes, tour developments of
dif~'ering densities and see examples of existing affordable housing 5'~ PM 5:00 - 7:00 PM
developments. Tuesday, October 13 Tuesday, October 20
Two buses, holding 20 passengers each, will be available. 10:00 - noon I 0:00 - noon
Additional bus trips will be provided, if there is the dcmand. Meet at the 1nn at West Vail Meet at the 1nn at West Vail
#2 Community Dialogue - Purpose of ineeting is to debrief from Wednesday, October 14 Wednesday, October 21
the bus tour and graphically record ideas about each housing or
5:00 '~:00 PM 5:00 - 7:00 PM
park development site.
Inn at West Vail Tnn at West Vail
Staff Analysis - Will cvaluate options and provide detailed October 19-30 Oct 26 - Nov 6
analysis as to economic viability, comparibiliry with neighborhood, ,
sum-summaries of themes expiessed during the previous two
meetings, etc.
#3 Open House - Pwpose of opcn house wi11 be to communicate Week of November 2-6 Week of November 9-13
all ideas generated in previous two meetings. Self-guided tour of
material will be on display for the entire week. M- F 10:00 am to 8:00 PM M- F 10:00 am to 8:00 PM
Vail Library Auium Vaii Library Atrium
tt4 Community Meeting - Purpose is to take one evening during Thursday, November S Thursday, November 12
the week of the open house and listen to responses &om
communiry members. This will be an o ortuni for 5~~ -~:00 PM 5:00 - 7:00 PM
pp ty you to focus
on specific issues, ask detailed questions about rationale and Vail Library Community Vaii Library Community
express additional suggestions or solutions. Room Room
#5 Councii 1leeting - Purpose is to take into account all Tuesday, November 17 Tuesday, December 1
information generated up to this point in the Common Ground
process and approve specific development paratneters fot the site. PM PM
These parameters will constitute the core ofthe Request for Vaii Town Council Chambers Vail Town Council Chambers
Proposals which will follow.
Ihafi RFP November 1998 November 1998
Issue RFP ' December 1998 December 1998 `
#G Review Developer Proposals - A set of the proposals will be December/January l 998/99 December/January 1998/99
available for the community io review. Give us your thoughts on
the tange of development teams who respond to the RFP.
#7 Select Developer Team - The Town Council will confirm a February 1999 February 1999
development team selection at a regularly schedu]ed meeting.
Please bring wur comments and communicate them to the Council
at the Tuesday afremoon work session.
#8 Development Review Process - There will be several February/March/April 99 February/March/April 99
opponunities to participate in the Development Review Process, as
the dcsigns progress through the standard order of public hearings,
induding Planning and Environmental Commission - as needed -
Desiiin Re,6ew Board, and Town Council.
Complete Design for Construction May/June 99 May/June 94
Issue buiiding permic and begin construetion July 99 July 99
Complece construction June 2000 June 2000
RESOLUTION NO. 10
SERIES OF 1998 '
ADOPTING A PLAN FOR HOUSING, PARKS, OPEN SPACE, SITES FOR
COMMUNITY FACILITIES AND RESCINDING RESOLUTION NO. 9, SERIES OF 1998.
WHEREAS, the Vail Town Council, Town staff and over four hundred interested citizens
and homeowners participated in two public processes known as Vail Tomorraw and Common -
Ground through a series of public meetings and workshops; and
WHEREAS, the Vail Tomorrow and Common Ground processes provided a well reasoned
basis for the Vail Town Council to establish a phased action plan to provide for-sale housing
developments, seasonal housing developments, parks, open space and sites for community facilities;
and
WHEREAS, the Common Ground process identifies eleven undeveloped sites throughout
Vail for use as affordable housing, in addition to other sites recommended for open space, parks and
community facilities; and
WHEREAS, since adoption of Resolution No. 9, Series of 1998 on June 30, 1998, the Vail
. Town Council.has continued to receive significant public input on impacts to various neighborhoods through the potential development of the identified sites, the use of sites acquired by the utilization
of the Real Estate Transfer Tax funds and the use of the Real Estate Transfer Tax as a permanent
funding source for housing; and
WHEREAS, the Vail Town Council desires to amend Resolution No. 9, Series of 1998, to
acquire broad based community support to effectively move toward the community goal of
developing additional units to address the housing problem; and
WHEREAS, a broad section of the community has, in response to Vail Town Council's
request, submitted over 80 comments and suggestions for housing; and
WHEREAS, Council wishes to emphasize that the Common Ground process is dynamic
rather than a static plan and will continue to respond to the community's needs and concerns.
NOW, THEREFORE, be it resolved by the Town Council of the Town of Vail, Colorado
that:
1. The Vail Town Council hereby rescinds Resolution No. 9, Series of 1998.
Resolulion No. 9, Series of 1998
2. The Vail Town Council hereby identifies the following sites to be considered for
housing in three separate phases as follows:
Phase I
West Vail (intersection of Arosa Drive and Garmish)
Lionshead Parking Structure
Tract C(near Vail Mountain School) '
Phase II Timber Ridge
Hud Wirth
Tract A(between Bald Mountain Road and I-70) Mountain Bell
Phase III
Intermountain
Donovan Park
Water Treatment Site
Old Town Shops
3. The Vail Town Council hereby identifies the following sites to be considered for
parks in three separate phases as follows:
Phase I
West Vail (intersection of Arosa Drive and Garmish)
Phase II
Tract A(between Bald Mountain Road and I-70) -
Phase III -
Donovan Park
4. The Vail Town Council hereby identifies the following sites to be considered for open
space in three separate phases as follows:
Phase I
L. Ladner
Booth Creek Stream Tract
Lionshead Stream Tract
Potato Patch Open Space
East Vail Water Tank '
Phase II
Tract A(between Bald Mountain Road and I-70)
Phase III
Snowberry
5. The Vail Town Council hereby identifies the charter bus lot and the golf course
clubhouse as sites to be considered for community facilities.
Resolution No. 9, Series of 1998
.
~
6. The phases will be considered chronologically and allow for continued evaluation of
the appropriateness and need to move to subsequent phases upon completion of a prior phase. The Vail Town Council hereby directs staff to move forward with a public process to determine density
and architectural quality for the properties mentioned above in Section 2 on a site-by-site basis.
7. These eleven sites include property which is. presently undeveloped as well as
developed sites and are primarily Town of Vail owned but also include privately owned property
which will require potential partnerships and negotiations with the private land owners.
8. T'he Community Development Department has developed a matrix of suggestions and
comments from the community regarding housing solutions and the Town Council hereby directs
that suggestions referenced as A or B in the matrix be incorporated into actions to be taken as
appropriate and consistent with the Common Ground process and the goals hereby identified by the
Vail Town Council.
9. At this time Vail Town Council foresees considering using funds as needed from the
refinance of the Town debt, proceeds from the sale of Town owned parcels of land, proceeds from
the culmination of the Land Ownership Adjustment Agreement with the Forest Service and
continuing an annual allocation from the General Fund to the Housing Fund on an as needed basis.
10. The Vail Town Council, the Town Manger and staff will continue to move forward
to take actions necessary to accomplish the goals of the Common Ground process recognizing that
this shall include meeting all requirements of the Vail Town Charter and Code, the Colorado
Constitution and all other applicable state and federal law, including but not limited to, Article X,
Section 20, Colorado Constitution; Article IX, Vail Town Charter; and Title 12, Vail Town Code.
11. The Vail Town Council further states that it is not its intention, finding or belief that
this Resolution shall effect any change in zoning designation, allocate any specific funds, or
otherwise affect any legal status or supersede any required action necessary or required by the laws
of the United States, the State of Colorado or the Town of Vail.
12. T11e Vall Town C'nnnril recnani7PC that tl,;~
_ ,
uww
1ft~.ui VL lw 6\i11G10.1
intention to move towaxd the accomplishment of the goals of the Common Ground process and is
not an exercise of the Vail Town Council's quasi judicial functions as those various functions are
established by the Vail Town Charter and Town Code.
Resolution No. 9, Series of 1998
.
~
13. This resolution shall take effect immediately upon its passage.
INTRODUCED, READ, APPROVED AND ADOPTED this 15th day of September, 1998.
- Robert E. Ford, Mayor ATTEST: Lorelei Donaldson, Town Clerk
Resolution No. 9, Series of 1998
, ~ .
Memorandum
To: Town ; ouncil
From Andy ICnudtsen
Subject: Sugge,>tions and opinions about the solutions for affordable housing Date: Septeniber 15, 1998
5taffhas grouped all of the fcllowing 85 suggestions into five categories. These include:
A Great Suggestion. Recommend adding to the housing p(an.
B Great 'Suggestion. Currently incorporated into the Common Ground
recomrnendation.
C Warrants further discussion.
D 1'his suggestion has been considered in the past. Unless significant new
informition is available, doesn't warrant revisiting,
E- Suggestion falls outside the goals of the Town Council.
Twenty-three of the ideas can be incorporated right away. Nineteen are already part of the plan.
Twenty-one suggestions warrint further discussion and have the potential to be incorporated at a later
date. Thus, 76°/a of the suggestions work! There are thirteen, which have been considered already,
many as part of the Common Ground process. Finally, there are nine that fall outside the goals of the Town for implementing a hoL.sing program
Another way to view the suggestions is by their potential effectiveness in creating affordable housing within the Town of Vail. Staf'f has listed a column in the matrix that identifies the potential
effectiveness of each suggestion in addressing the housing problem.
.
Each item is ranked as a low, medium, high, or as an "observation," if the suggestion is more of a
comment. The basis for this ranking is simpl"oes the proposal help create housing within the community? A ranking of low reflects a potential increase of 5 or less units. Medium reflects a
potential of 5-25 units. High is more than 25 units, Within the matrix, there are twenty-four
observations, thirty-four suggestions in the low category, nine in medium, and nine in high. Note that
staff counted similar suggestions as a single number.
Attached to the matrix are thu letters written by community members. Staff has summarized the points
within each letter and included them in the matrix for comprehensive analysis. The originals are
attached to ensure that the rationale behind the summarized point is avaitable. Please keep in mind the
order of items within each ca:;egory does not reflect a priority. Similar comments have been grouped
together.
List of Community Suggestions Page 1 of 19
A- Great Suggestion. Recomma,nd adding to thc housing plan. Se[ltC[IlbeC 15,1998
B Great Suggestion. Currently incorporated into the Common Ground recommendation.
C - Warrants further discussion.
D- Suggestion has been considered in the pasL Unless signiCcant new information is available, dcesn't warrant revisiting.
E-- Suggestion falls outside the goals of the Town Council.
Item Suggested Option Staff Analysis Potential Effectiveness
Number
A-1 Leave open space as last option Done. la response to community suggestions, the Town Council will consider open space purchased with RETT funds.
(and not reimbursed) only after all other options have been taken. These lands will be considered last, leaving the
future decision on the land to a later date.
Note that the following information is relevant to this action, as it pertains to the West Vail site:
The West Vail site was purchased with RETT funds, but only because the fund had the cash-on-hand to cover the land
acquisiUon expenses. The RETT fund was reimbursed, with payments starting immediately following the acquisition.
The land was platted as four lots zoned PrimarylSecondary and remains that today. In the minutes from the Town
Council meeting dunng which the Council approved the purchase, the mayor stated that the eventual use was not
determined, but there was possibility of using it for recreation, open space or employee housing. The recommended
use for the site is both for a park and for some housin . Observarian
A-2 Lands purchased wi1 h RETT are off See suggestion above.
limits See above
A-3 Build on properties purchased with See suggestion above.
RETT funds last See above
A-4 RETT fund not for housing In response to the desires of the communiry, the RETT fund will remain unchanged. Previously, the Town Council
approved the Common Ground recommendation with five funding sources. These included using funds from the
refinance of the Town Debt, proceeds from the sale of two Town-owned parcels, proceeds from the culminaUon of the
Land Ownership Adjustment Agreement with the Forest Service, continuing an annual allocation from the General
Fund to the Housing Fund, and using a portion of the Real Estate Transfer Tax.
The first four sources will continue to be considered for housing, on an as-needed basis. Note that RETT funds were
used at the initiation of-the Land Ownership Adjustment Agreement with the Forest Service and that the current plan
forwards the roceeds from the final sale of land with rivate property holders to tential housin develo ments. Observation
A•S Before building any.yousing, This suggestion can and will be incorporated into the local plan. The timing of this type of study is critical in order to
commission a scientific survey and get an accurate understanding of the housing needs. Both Eagle County and the Town of Vail have already budgeted "
analysis of the curreut availabiliry of for a regional housing needs assessment and will be initiating this study this winter, when the seasonal workforce has
hausin , the reasons for lack of variaus arrived and housin needs can be evaluated for both seasonal and lon term locals.
List of Community Sug~,E:tions Page 2 of 19 A- Great Suggestion. RecommcnU adding to th,: housing plan. SCpt@IribCT 15,1998
B Great Suggestion. Currentl} incorporated inio the Cummon Ground recommendation.
C Warrants further diseussion,
D- Suggestian has been considered in the past. Unless significant new information is available, doesn't warrant revisiting.
E- Suggestion falls outside the guals of the Town Council.
kinds of housing, and the actual
housing needs and desires of the local
communi LoW
A-6 Provide a simple sta!istical report on This suggestion can be done. Housing staff will cohduct this survey and make resuits available to the communiry
the actual situation today in the within 90 days.
housin units at Vaiti Commons ObservaUon
A-7 Create a model that arovides a measure Can do. This model can serve as the criteria for the "Buy-Down" program, adopted as part of Resolution 9,1998. At
of each neighborhoods participalion of the time of approval, the concept had not been fleshed-out in detail. Hawever, the goal of acquiring existing housing
accommodating ow service employees stock for employee housing at various locations throughout the Town proved to be quite attractive to workshop
housing needs participants during the Common Ground process. Quantifying the decision making process is an important element
of this suggestion. The Town will look for continued involvemeni from the wmmunity in the creation of specific
criteria to carry this suggestion further. With assistance from the community, these standards could be in place within
90 da s. Medium
A-8 Identify and elimina'e current Town of Can do. The Town will need suggestions as to what the current inhibitive regulations are, and what changes would
Vail regulations that discourage the need to be made to address them. Proposed changes to the code are first reviewed by the Planning and Environmental
private sector from creating private Commission and then by Town Council.
solutions Medium
A-9 Slow the process do% rn Thoroughly discussing alterna6ve suggestions is an example of the Town's commitment to slow the process down and
understand concernslsuggestions. The balance of the Common Ground process has been designed to take things
slower, affer additional opportunities for comment, and focus on one site at a time to ensure everyone's ideas can be
e ressed. Observation
A-10 Discuss specific alternatives to current The current discussions achieve this goal.
sites Observation
A-11 Move on Timber Ridge before it is lost Timber Ridge has 189 two-bedroom units. Most of the project is master leased to local businesses. Approximately 70% is leased by Vail Associates, with the other 30% master leased by smaller local businesses. The development was approved by the Town Cowcil in the late 1970s and included an increase in density with the
condition that a 20 year deed restnction be placed on the property, limiting the use to employee housing. The
restrictions expire in November of 2001. The Mark N Realty Group, located in Chicago, currently owns Timber
Ridge. The Town has been discussing the future plans for the site with the owners and will conGnue to do so. Current ,
value has been estimated between $12.5 and $17 million. Due to the significant cost, partnerships may play a key role
in a uisilion and/or redevelo ment. It has been idenGfied as a to riorib Common Ground artici ants. Hi h
List of Community Sug~;estions Page 3 of 19 A- Great Suggestion. Recomm6!nd adding fo thc housinR plan. SeptetllbCr 15, 199$
B- Great Suggestion. Currentl,, incorporatcd into the Common Cround r,commendation.
C Warrants further discussion,
D- Suggestion has been consider-ed in the patG Unles-i significant new informatian is available, docsn't warrant revisiting.
E- Suggestion falls outside thc gnal9 of thc Town Council.
A-12 Bring private landoevners and business The Common Ground process was created to bring al[ members of the community together. The pool of private land
community together to address owners with parcels of land with any significance is actually quite small. See suggestion B-14. None-the-less, the
solutions Town is committed to actin as a facilitator to achieve this oal. Low
A-13 Explore new urbaniF,m concepts The central concepts to new urbanism which could be incorporated into any proposed development include owner-
cecupied, single-family homes, narrow streets, pedestrian emphasis, small mass and bulk, front porches, small set
backs, potential rentals over garages or in basements, pocket parks, potential for commercial intermixed with
residential, among other elements. Several community members have toured esamples in Boulder and Longmont
recently. These concepts could be included in any of the future plans and could bring about a high quality affordable
housin roduct. Observation
A-14 Bring in design tean is The idea may help in the on-going dialogue, as residents would bc able to describe and request the desired level of
quality for any new development. Examples from other communities could be referenced and could set the standard
for quality. This is an idea being explored as a next step to obtain community input on densities and architectural
uali . Concerns about use and densi could be addressed direcd and resolved. Observation
A-15 Mix seasonal with o{xner occupied This has been done successfully in new urbanism developments in Longmont and Breckenridge and could be
units incocporated into any of the sites currently under consideration. The models mix seasonal with owner-occupied by
construcUn rental units in basements or above the ara es that- serve the rima home. Observation
A-16 Provide opportunity for employees, The Town Council recognizes this need and has previously expressed its commitment to involving the business
TOV, businesses &laroperty owners to communiry in any development of seasonal housing. A commitment from businesses to master lease improves the
artici te financin viabili for mul6-famil develo ment. Observation
A-17 Include the business community more See suggesdon above. See above
A-18 Edueate and inform nterested private Can do. Town Staff can work with David Carter, Housing Coordinator for Eagle County and publicize opportunities
parties on avulable programs and ideas such as the down-payment assistance and mortgage credit certificate program, locations of housing developments,
addresses of dispersed deed restricted units, eYamples of success stones, lists of employers which provide housing, and
lists of creative wa s that businesses can la a role, such as the ones descnbed below. Low
A-19 Basiness finance hot ie loan until Honeywagon was successful in financing an employee's home in 1996. The employee had been with the company for
employee has enougli equity to have four years and was making $11.75 per hour. The employee went out and found the lot and the company purchased it.
own loan The emplayee then negotiated the purchase of a modular home that Honeywagon purchased in the name of the
business. A short-term loan was utilized to purchase the lot and the home. The employee did as much work on the
unit as possible, including adding a finished basement When the home was complete, the shoR-term loan was turned
into a 2- ear loan which covered all the wsts includin the interest on the short-term loan. The em lo ee now makes
i ~
List of Community Sugl;estions Page 4 of 19
A-- Great Suggestion. Recommc-nd adding to the nous;ng pian. September 15,1995
B- Great Suggestion. Currentlr incorporated into the Commoa Ground recommendation.
C Warrants furt6er discussian.
D Suggestion has been considei-ed in the past. Unless significant new information is available, dcesn't warrant revisiting.
E Suggestion falls autside the gnals of the Town Council.
payments to Honeywagon of $1,047.69 per month; the company then pays the mortgage of $1,047.69, The Company
has the benefit of the interest write off for two years. In two years, there will be enough equity in the home for the
employee to have a standard mortgage in his name. In the interim the Company remains in wnUol of the unit as all of
the properiy is in the Honeywagon's name. There was no out of pocket expense to Honeywagon..
This com an has rovided an exam le worth re licatin . In what wa s can the Town ramote this ra ram? Low
A-20 Business facilitates foans to This is a great concept. The Town would encourage businesses to act upon this idea. The example of the
homeowners to add mit to existing Haneywagon's success shows that this type of arrangement can work if the local businesses are willing to assume the
homes for rental risk. In what wa s can the Town serve as a catal st? Low
A-21 Businesses buy prop.:rties for re-sale Also a great idea.
with deed restriction s LoW
A-22 Mix seasonal housing with summer This idea could be very helpful to various groups by bnnging people to Vail in the summertime (i.e. hockey camps at
camp use Dobson, ballet camps at the Ford Amphitheater, etc. ) It would depend on the demand for seasonal employee housing
- during the summer months. Colorado Mountain College in Leadville, Steamboat and Glenwood Springs all currently
rent out their dorm rooms in the summer. They are able to cover their expenses with reasonable room rates. The
demand for the rooms continues to grow each summer. The money generated from this is used to retire the debt for
the buildin s. This su estion assumes that seasonal develo ments could be constructed. Hi h
A-23 Strict enforcement o"deed restrictions As of August 1998, there are 421 deed restricted units within the Town of Vail. 282 of these were created pnor to
May 1994 and do not enable the Town to require occupancy by local employees. (The restriction only prevents the
landtard from short terming the unit with leases less than 28 days). Included in [his category are 198 Timber Ridge
units and 24 Racquet Club units. There are also 139 newer units which can be enforced. These include 71 at Vail
Commons and 24 at Buzzard Park. The balance of 44 are enforced, and Staff is currently working with attorneys to
enforce restriction on one of these units located on Forest Road which currently is in violation. An action plan for
additional enforcement efforts will be presented to Town Council in the near future and may involve the Town's Code
Enforcement Officers. Medium
List of Community Suggestions Page 5 of 19
A-- Great Suggestion. Recommi -nd adding to the housing plan. . Septelll I1e1' 15,1998
B- Great Suggestion. CurrenUi incorporated into the Common Ground r.commendation. '
C - Warrants further discussion,.
D- Suggestioa has been considei°ed in the past. Unless significant new information is available, doesn't warrant revisiting.
E Suggestion falls outside the gaals of the Town Council.
B-1 Define what affordable housing is [ndustry standards state that "affordable housing" is housing which does not cost more than 30% of gross household
income, i.e. PITI (principle, interest, taxes, insurance) for homeowners or rent for residential tenants. It does not
include housing costs such as utilities, water, sewer, trash, etc.
Locally, there are three types of affordable housing. The first was created in the early 1980's and incents developers to
create Employee Housing Units (EHU's). Typically associated with flexibiliry in zoning standards and an increase in
density, the resulting EHU is deed restricted. Over time, the restnctions have become more comprehensive, as the
earliest versions were quite loose. In brief, the restnctions require the unit, when occupied, to be leased to a full rime
employee working in Eagle County.
The second type of affordable housing was introduced to the community in 1996 with the Vail Commons development.
This second type is "for-sale" housing. Among other standards in the deed restriction, there are three salient
, elements: the units must be owner-occupied, at least one resident must be a full time employee, and resale value is
capped at an appreciation rate of 3°/a per year.
The third type is seasonal. The Town has constructed 24 units primanly for Town seasonal employees. Seasonal
housing units are typically smaller with fewer amenities than either of the two types listed above. From sutveys of
seasonal employees, the Town understands that privacy is a very high prionty for them, and that many try to avoid
roommate situations. There are two program types that address this concern. The first is suite-style housing, the
second is studio units. Vail Associates has recently completed a suite-style development, RiverEdge, in which every
resident has his or her own small bedroom with access to common living, dining, and cooking areas. Most suites have
3 or 4 bedraoms, although the development does include a few 2 bedroom and studio units. The suite-style housing is
more economical ta develop than studio housing, as studio units require a greater floor area per resident and more
kitchens and bathrooms, which are the more ex ensive com nents of a dwellin unit. Observation
B-2 Create long range plan The intent of the Common Ground plan is just that. The Common Ground process is currently being documented by
staff and serves as the framework for the lan. Observation
B-3 Concentrate densitie:, nearest to village This issue has been incorporated into the Common Ground plan. Workshop participants identified both the Village
core and Lionshead parking structures as good IocaUons for seasonal housing. Upon review and further refinement of the potential housing developments, the cost for development at the Village structwe was significantly higher than
Lionshead. Based on the information, workshop participants recommended the Lionshead site, but not the Village
site.
List of Community Suggestions Page 6 of 19
A Great Suggestion. Recammond adding to the housing plan. September 15,1998
B Great Suggestian. Currentl,- incorporated into the Common Gi ound recommendation.
C Warrants further discussion '
D- Suggestion has beea considered in the past. Unless signiGcant new information is available, doesn't warrant revisiting.
E- Suggestion falls outside the goals of the Town Council.
Other potential sites near the commercial core were also identified during the workshops. These include the Old Town
5hops, Holy Cross, and the VA maintenance yards. Each of these sites has been incorporated into the housing plan far
further consideration. Observaaon
B4 Formalize employee generation CurrenUy underway. The Town Council has reviewed a proposal for an employee generation ordinance and has
requirements requested a more detailed analysis of the decisions that will be made to set the standards. This process will cantinue in
the ve near future, u on resolution of the current housin issues. Hi h
B•5 Employee generario,t ordinance The Town Council has discussed this action item during work sessions held on June 24, 1998, and August 11, 1998.
While complex, the Council is interested in to moving forward in this area. It will be criUcal for the entire community
to came to consensus as to the appropriate requirements to be set in the ordinance, determining the number of housing
units to be rovided b new develo ments. See abwe
B-6 Impact fee to busine,ses Impact fees are typically assessed at time of development. Employee generation is a highly specific type of impact fee.
See above
B-7 Require new develonment to offer See employee generation.
em 1 ee housin units See above
B-8 Ensure Lianshead redevelopment has Vail Associates has proposed to construct new housing, as part of the Lionshead redevelopment. The new housing will
adequate housing be in the area of the Holy Cross site and/or the maintenance facility. Zoning changes will be necessary. Council has
mandated that there be no net ]oss of the 110 +1- beds that currently exist in the Sunbird, as Vail Associates employee
housing. Vail Associates has indicated that they will most likely increase the number of beds, and will formalize their
commitment durin the Lionshead a roval rocess. Hi
BA Imolve Vul Resorts to a greater degee In addition to the construction of new beds in Lionshead, Vail Associates may be able to play a role as a funding _
partner in large undertakings. The Town has been in conversations with VA regarding its interest in addressing
housin within the Town of Vail as a co orate artner. Hi h
B-10 Consider the Golf Cuurse Club House This site has already been identified in the Common Ground process for community faciliUes. While respecting the
direction provided by workshop participants in April and June, the program can include some affordable housing
units, understanding that the units not interfere with the programming of the primary use on the site, which will be
communi facilities. Low
B-11 Consider Old Town ihops This site was identified by Common Ground participants for future seasonal housing. Since the Common Ground
process, the Eagle River Water and Sanitation Distnct has requested use of a portion of the Old Town Shop site for
expansion of the of the adjacent sewage treatment facility. The expansion would take up the area of the existing
buildin , at about one sto in hei ht. The area above and around the treatment facili would be available for other
List of Community Suggestions Page 7 of 19
A- Great Suggestion. Recommend adding to the housinR plan. September 15,1998
B Great Suggestion. Currently incorporatcd into the Common Ground recommendation.
C Warrants further discussion
D- Suggestian has been considered in the past. Unless significant new information is available, dcesn't warrant revisiting.
E- Suggestion falls outside t6e gnals of the Town Council.
development. Another use to be accommodated on this site includes a snow-cat access route, approximately 25 feet in
width. Vail Associates and the Town have agreed that an access point to the mountain other than Forest Road will be
preserved at this location. Prior to constructing this access, VA must clear other hurdles. The width of the easement
must be maintained, to ensure that this option for snow cat access remains available.
District and Town staff are concemed that residenrial uses above sewa e treatment ma not be com tible. Low
B-12 Consider Mountain :3e11 The Common Ground process recommended this site for "for-sale" housing in phases. Specific designs for this parcel
are to be developed in the remaining part of the Common Ground process. Day care will be a key concern and
component of any development. Town owns the land and leases site to day care providers for $1 per year. Day care
providers own their own buildings. Existing 15-year leases with the two providers expire on August 31, 2002.
Previous Town effort to develop site as affordable housing in 1993 was met with strong opposition, primarily from day
care users. Hi h
B-13 Sell Berry Creek Fif:h Filing The sale of Berry Creek Fifth is hindered by the make-up of the Eagle County Recreation Authority. The Town of Vail
owns 60% interest in the land. The other 40% is owned in various small percentages by: Eagle County, Town of
Avon, the metro distncts of Arrowhead and Berry Creek (Singletree) and the Beaver Creek Resort Association. The
land is currently controlled by the Eagle County Recreation Autharity. A two-thirds vote of the ownership percentage,
as well as a two-thirds vote of the total number of inembers would be required to sell the property. One option Town
Council has asked the Town Attorney to explore is to sell the Town's 60% ownership to another entity. Based on the
Town Attorney's research, the Council stated that it is willing to consider either the sale of the property or the
develo ment of housin on the site. Hi h
B•14 Buy existing lats There have been several suggestions to buy existing lots tltat have been platted and are zoned for development. In
some cases this sugges6on has been made as an alternative to using town-owned land. The housing program can use
these types of lots, but they will be quite expensive to develop and do not allow for any economy of scale. Upon
understanding the characteristics and cost of this option the community may question tt?e subsidy needed to
accomplish relatively small gains. Staff conducted an inventory of privately held vacant land in April 1998,
immediately preceding the first Common Ground workshops. At that time there were 135 vacant sites within the
Town of Vail, 112 of these are zoned single family, primarylsecondary, or duplex. 20 are zoned residentia( cluster. 3
have other zonings. Most of the 112 lots zoned single fami(y, primary/secondary, or duplex are relatively small.
Many have steep slopes and/or hazards impacting them. The opportunities to use pnvately held land to address the
housing problem are quite limited.
All of these sites were resented in the A nl Common Ground worksho , and tt?e ones identified artici nts have
List of Community Suggestions Page 8 of 19
A- Great Suggestion. Recommend adding to the housing plan. SCpteltlbCt' 159 1998
B-- Great Suggestian. Currentlg incorporated into the Common Ground recommendation.
C - Warrants further discussion.
D- Suggestion has been considered in the past. Unless significant new information is available, doesn't warrant revisiting.
E- Suggestion falls outside the gaals of the Town Council.
been incorporated into the final recommendation, which are the Hud-Wirth site, located in West Vail, and the Tract C
site, located by the Mountain School. These two sites are eYCeptions that stand out uniquely from the rest of the
rivatel held vacant land. The are lar er and tlatter than most of the rest of the invento . LoW
B-15 Monitor delinquent axes The Town penodically checks with Eagle County to review delinquent properiy taxes. This is a slow process for
acquinng land as the property owners have 3 years to pay the taxes before the properry is available for purchase. This
process for land acquisition is further hindered by the fact that the land available through a tax sale may not be
conducive for housing development. The Tuwn did attempt to purchase a property 3 years ago through a tax sale for
open space. However, the property owner paid his back taxes at the last moment. If the opportuniry does arise for the
Town to ac uire a arcel of land suitable for develo ment, the Town will act u n it. Low
B-16 Buy properties for re-sale with deed This component is already inc]uded in the Common Ground plan, and is referred to as "buy-downs."
testrictions. The concept is to buy existing residences, deed restrict them, and then sell to owner-occupants. By definition, it is
focused on the existing housing stock. It may be effective in converting some units from short term rentals owner-
occupied homes. Another benefit of this plan is that it disperses deed-restricted housing throughout the Town. The
, location of these potential units has yet to be determined. There may be a focus on the parts of town which are not
affected by the 10 sites currently identified for development. Further refinement of the criteria consistent with
suggestion A-7 will be necessary.
Current draft criteria include:
1. The location of the unit within the Town of Vail.
2, The number of deed-restricted units in the immediate vicinity and neighborhood.
3. The uniYs proximity to a bus stop.
4. The age of the unit and the quality of construction.
5. The resources of the Home Owner's Association.
6. The number of bedrooms in the unit,
7. The cost of the unit relaGve to its location Medium
B-17 Down payment assistance programs Eagle County recendy created a down payment assistance program. The program allows an individual to borrow up to
$6,000 to help with the down payment. There are two ways to repay the loan. The first is to repay the loan over ten
years at 6% interest. The second is to repay the fu(1 amount when the units is sold, refinanced or is no longer a
primary residence or at the end of ten years, whichever comes first The interest rate on the down payment assistance
loan is then equal to the rate of the home's appreciation. This may help achieve buying a home elsewhere, but Vail
dces not currently have housing stock in the price range for qualified buyers of affordable housing. It would be
effective with more affordable housin stock in Vail.
List of Community Suggestions Page 9 of 19
A- Great Suggestion. Recommcnd adding to the housing pla; SeptCCtlbeC I5,1998
B Great Suggestian. Currentl;, incorporatcd into the Comm,,,i Ground recommcndation.
C Warrants further discussion.
D- Suggestion has been considei•ed in the pasf. Unle9s 9ignificant new information is available, dcesn't warrant revisiting.
E- Suggestion falls outside the goals of the Towa Council.
In 1990, the Vail Housing Authority committed to establishing a down-payment assistance program. It was limited to
homes located within the Town of Vail. No one from the community took advantage of its availabiliry, in part because
the price of homes within the Town exceed many local's price range and in pari because the program was somewhat .
convoluted. The current County program is available to buyers anywhere in the County. Replication is probably not
warranted. Medium
B-18 No RETT on deed rr,stncted square This suggestion has already been implemented. The Town waives the 1% RETT on the sales of deed-restricted
footage housing such as Vail Commons. This will also be true of the Red Sandstone development currently under
constructian. Almost all of the rest of the deed restricted housing inventory is limited to rental use. In the cases where
ownershi is ssible, waivers to RETT can also be ranted. LoW
B-19 Town should set example by creating The Town is currently doing this with the Red Sandstone Development. It is ajoint project with the Eagle River
housing for its employees Water and Sanitation District to provide for-sale housing to key employees. Units not purchased by critical employees
are available to the public through a lottery process. The Town has also created Buzzard Park, a 24 unit seasonal
develo ment. Observation
List of Community Suggestions Page 10 of 19
A-- Great Suggestion. Recomm,--nd adding to the housing plan. September 15,1998
B- Great Suggestion. Currentl;l incorporated into the Cammon Ground recommendation.
C Warrants further discussion
D- Suggestion has been conside~-ed in the past Unless significant new information is available, dcesn't warrant revisiting.
E-- Suggestion falls outside the goals of the Town Council.
C-1 Consider the Goif Course Maintenance At one story in height, the addition of a few units above the current structure is a suggestion worth pursuing.
Facili LOW
G2 Consider the Ruins at Current development plans for the Ruins have received Planning and Environmental Commission approval. The plans
Cascade Village include condominiums, 20 for-sale employee housing units, and l on-site manager's unit. If the developer proceeds,
the community will receive 20 employee housing units at no cost. Alternatively, the Town could pwchase the site and
develop it. Site acquisition would cost approximately $2.5 million. While this dces address the need to increase the
housin s l, the cost for the incremental increase in units is si ificant. Mcdium
C-3 Make offer to purch;ise "Ruins" far See suggestion above.
development of efficiency apartments.
Notify investors in t iat properry of
offer. See above
C-4 Explore Vail Racquc;t Club There is no land available on the Vail Racquet Club property for addilional development. The remaining land is all
development within the moderate to high avalanche hazard zone. T'here are currently 24 employee housing units out of a total of
307 units in the development. These units, along with the Racquet Club, are now for sale. Although currently deed-
restricted, this restnction will expire in the year 2000. The total pnce of the Club and 24 units is based pnmarily an
the value of the residential component as the annual net proceeds from the Club are not as significant. The Town may
want to consider ac uirin the Club and the units to address both housin and communi needs. LOW
C-5 Require caretaker ui its in ali homes Wanants further discussion. Previously discussed in detail by the Vail Tomorrow Housing Team. Many proponents
wer 3,500 sq, ft and some opponents. Single most important issue is the impact this regularion could have on part-time residents
looking to construct a home in the Vail Valley. May add to the shift in synergy from Vail to down-valley locations.
Solution to this problem would be a countywide application of this standard. This would probably generate
approximately 10 units per year as that reflects the number of demo/rebuilds with homes of this size that have been
a rove,d in the last few ears. Medium
C-6 Increase allowances in GRFA and site Potentially a significant increase in the housing supply. The Town would need ta involve the community in
coverage in PrimaryiSecondary, zone discussions on standards for additional development.
districts to allow for caretaker units Hi h
C-7 Incentives by busine4ses to Staff understands this concept to be incenting home owners to open up their homes to seasonal renters by providing
hameowners to rent ~,;easonal beds specific benefits, such as season ski passes. Many details would need to be worked out (including funding), but the
concept is creative and potentially highly effective. Perhaps a pilot project with Town-funded incentives should be put
to ether. Hi h
List of Community Suggestions Page 11 of 19
A- Great Suggestion. Recommend adding to the housing plan. : Septem ber 15,1998
B- Great Suggestion. Currentl;, incorporated into the Common Cround recommendation. '
C - Warrants further discussion.
D- Suggestion 6as been considei-ed in the past. Unless siRnificant new information is available, doesn't warrant revisiting.
E- Suggestion falls outside the goals of the Town Council.
C-8 Incentives to curreni home owners to See suggestion above.
create em lo ee uni:.s in Vail See above
C-9 RETT exemption foi- first time buyers The Town of Vail received $2,968,611 from the Real Estate Transfer Tax in 1997. This was a record amount of
money generated from RETT. In 1980 the fund generated $899,133. The fund is generated by the resale of homes in
the Town of Vail.
The Town of Avon has a RETT exemption, once per lifetime, on a person's primary residence, on the first S 160,000 of
the purchase price. The Town of Avon raised the RETT exemprion from $80,000 to $160,000 on January l, 1998.
The Town looked at the cost of a RETT exemption for all homes purchased by local residents valued under $250,000.
The standards could be set at any level, Staff picked this point for discussion purposes. In 1996 this waiver would
have reduced the RETT collections by $202,500; in 1997 by $297,500. This program would help first lime home
, bu ers. Medium
G10 Facilitate financing':or those who Financing is not difficult unless there is a high nsk or insufficient down payment. Down payment assistance can be
voluntarily deed restrict handled separately. High risk loans are not a business in which the Town shauld be involved. Perhaps there are other
incentives for those who voluntaril deed restrict. Low
C-11 Offer to purchase m:rdown land in This suggestion could be added to the "buy-down" program, which is parf of the Common Ground plan. There would
Matterhorn for redevelopment. Build probably not be an increase to the affordab(e housing stock, even if this program were implemented.
owner-occupied hon es with carriage
houses and studias iri lower levels. Low
G12 Create a housing authority to police Warrants additional discussion, specifically as it relates to a desire for increased enforcement of deed restricted units.
proper use and sale of housing units Secondary points to consider in the discussion would be the relative effecUveness of Housing Authority made up of
that are on land held in trust by the volunteer citizens to the cunent structure of an active Town Council with dedieated housing staff.
tawn Low
G13 Register neighborhood associaGons as Can consider for additional discussion; although providing citizen equity in the public involvement process 6y
liaisons involving all interested individuals directly with Council members has proven to be useful. Creaang a hierarchy may
not e ose the communi to a wide varie of o inions and ideas. Observation
G 14 Re-allocate money from some non- It has been suggested that some of the non-profits, which receive contributions from the Town, have become well
profits established. In the early years, Town subsidy was necessary as the organizations were just beginning. At this point in
lime, the organizations have become established and, in some cases, tapped into sponsors with tremendous funding
ca abili . There ma be more deservin causes, or causes which warrant more attention and resources from the Town
List of Community .iug~;estioi.s
Page 12 of 19
A-- Great Suggestion. Recommcnd adtling to the housing plan. September 15,1998
B- Great Suggestion. Currentl- incorporated into the Common Ground recommendation.
C - Warrants further discussion: '
D- Suggestion has been considered in the past. Unless significant new information is available, dcesn't warrant revisiting.
E- Suggestion falls outside the goals of the Town Council.
at this point in time. As with most all suggestions for employee housing solutions, there are impacts to some portion
of the Vail community.
In general, funding the housing is not as pressing as siGng the housing. The Town may do better to focus on the first
issue and deal with the funding latec As there are a variety of funding solutions, including the business community,
this ma not be a battle worth ickin . LoW
C-15 Reimbursable housirtg allowance (Holy Need additional informaGon.
Cross Energy)
C-16 Easier to build empl Tyee housing units Need additional informaUon. Observation
in already existing housing
Observation
G17 I,ow interest buy, doivn Need additional information.
Observation
G18 Impact fees on empt=,r houses for extra May be more related to health-safery issues rather than housing. The Town has looked at assessing a fee on false
costs of false alarms alann res nses, but the mon enerated would be used onl to off-set the cost of res ndin to the false alar?n. Low
C-19 Review zoning laws for specific Need additional inforntation.
properties
Observation
C-20 Encourage old and rk.quire new condo In the last 4 years, 8 multi-family developments have been approved in the Town of Vail. Of these 6 have provided .
complexes to have or.i-site manager on-site employee housing units. Examples include the Austria Haus, which was required to restnct 6 off-site EHiJ's
uruts and construct 1 on-site EHi1, and the "Ruins," which is required to provide 17 EHU's. Cuttent discussions are
underway to modify the "Ruins" proposal; however it would actually increase the number of EHU's at that site to 20.
Based on the statistics of the last 4 ears, most multi-famil develo ment is alread r uired to rovide on-site EHU's. Low
G21 Exhaust all alternatives before breaking This step in the larger Common Ground process has been included to dojust that. There are numerous suggestions for
ound on an hin addressin the housin roblem, and the Town will inco orate as man as are feasible. tObservation
List of Community Suggestions Page 13 of 19
A Great Suggestion. Recommond adding to the hoasing pian. September 15,1998
B Great Suggestion. Currentl;, incorporated inta the Common Ground recommendation.
C - Warrants further discussion
D Suggestion has been wnsider-ed in the past. Unless significant new information is available, dcesn't warrant revisiting.
E- Suggestion falls outside the guals of the Town Council.
D•1 Use Forest Service I,and Through the Land Ownership Adjustment agreement with the Town and the USFS, the Town studied the land on the
penmeter of Town in detail. The two entities exchanged 11 USFS sites for 4 TOV sites, deeding land not to be
developed to the USFS (such as Trapper's Run) and deeding land with some development potential to the Town (such .
as Rockledge Road right-of-way area). Appraisals were completed; documenting that the value each entity received
was equitable. There are no additional sites that are flat enough to allow for development in the vicinity, except for
Twin Bridges and Potato Patch.
The Potato Patch site is located around the existing water tanks located immediately above the Potato Patch
neighborhood. It was identified on the maps prepared for the April Common Ground workshops but wasn't noted by
participants as a good site for housing.
Twin Bridges, also known as Parcel H was also identified on the base maps of the Apnl workshops. The background
, informalion stated that the land is segmented by the I-70 right-of-way, Gore Creek flood plain, Black Gore flood plain,
Highway 6 nght-of-way, and wetlands. There are no large areas for development which remain. Thus, it is nat a site
with hi h tential for housin and was teco nized as such b worksho ici ts. LOW
D-2 Business improvement district to This concept was presented at the June Common Ground workshops. A presentation by staft' on 17 different funding
generate housing fw4 sources preceded small group discussions, prioritizing the different options. An eaplanation of each option was
provided to each participant, further clarifying each potential funding source. A business improvement district was
ranked 13 out of 17.
The idea advoeates the State of Colorado creating a special tar district area The tax would be based upon the square
footage of each building. The owners of the space wauld be taxed and it can be assumed that this would be passed on Low - Note that suggestions for funding
ta the tenants. The money generated from this tax would be managed by a committee/person chosen by the people sources are ranked as "low" because
paying the tax. The money could be used to create street beautification projects, increase safety in the area, etc. Staff funding is not the difficult issue. Siting
research found that the funds generated would have to be spent on improvements associated with the Distnct. Some the housing and increasing the supply
er rts in this area uestioned whether funds could be s ent for im rovements outside the distnct or on housin . directl im roves the roblem.
D-3 Business license of new marketing This suggestion appears to advocate an altemative considered at the June Common Ground workshop. For those
process discussions the suggestion was framed as a potential source of revenue, if the larger marketing district election slated
for next fall is successfuL Under that scenario, the current fee used for marketing would be freed up for other uses,
such as housing. After discussion by participants, the idea ranked 7 out of 17, and was below a clear break in
references. If fundin is an issue down the road, it could be considered as an alterna6ve. (Aw
I
List of Community Suggestions Page 14 of 19
A- Great 5uggestion. Recommond adding to the housing plan. September 15,1998
B Great Suggestion. Currentl,:, incorporated into the Common Cmund recommendation.
C Warrants further discussion.
D Suggestioo has been cansidei-ed in the past. Unless significant new information is available, doesn't warrant revisiting.
E- Suggestion falls outside the gnals of the Town Council.
D-4 Espand lift tax to generate income This concept was presented at the Common Ground workshops held June 3 and 4, 1998. A presentation by statt' on 17
from all lift ticket piirchasers different funding sources preceded small group discussions, pnoritizing the different options. An explanation of each
option was provided to each participant, further clarifying each potential funding source. Increasing the lift tax was
ranked 12 out of 17. Low
D-5 Increase business license fee according This concept would assess a fee, based on size of business, for employees. It is similar to a"head tax" which was
to number of emplol ees discussed as a funding option at the Common Ground workshop held in 1une. The head tax concept is appealing on
one level as it assesses the business in proportion to the demand placed on the housing inventory, however, it ranked
14 out of the 17 opUons presented.
The primary theme from the June discussion of funding sources is that the community did not want to see new tares.
To the extent possible, the use of existing funds was the preference. More importantly, siting continues to be a greater
challen e than fundin . LoW
D-6 Issue private activity bonds Private Activiry Bonds enable a private developer constructing a public or quasi-public development to issue bonds
which are tar free to the investors. The appeal is that bonds can be offered at a lower rate than other taxable
investments. Typically, onty public entities can issue tax•free bonds. The State of Colorado receives an annual
allocation, which it then awards to developers on behalf of their public agencies with whom they have partnered.
The advantage of the Private Activiry Bonds is the reduced cost of funds, which in turn reduces the cost of the
development. This same goal can be achieved through other avenues. The "63-20" model has been used to develop
the Eagle Bend and Lake Creek affordable housing developmenls. It has enabled the developments to take advantage
of tax-exempt financing and the corresponding lower interest rates, without having to compete with other entities for a
Private Activi Band award. Low
D-7 Low income housing credits (Eagle This suggesGon works well to generate upfront capital for development of affordable housing. It is a federal program,
County) administered at the state level. Developers compete for credits which they can then issue to investors. To win an
award, developers must document that the proposed project complies with the federal criteria for low-income housing. The Town is committed to solving our local housing problem, but the demographics of this federal program do not
match local demographics.
For exampie, the median family income in Eagle Counry is $60,900/year for a famity of four people. To qualify as a
low income housing project, a minimum of 40% of the units must be rented to households making less than 60% of the
area median income. This standard has been exceeded recently, as competition is stiffer and developers are making
further wncessians re ardin the number of units rented at restricted rates to increase the likelihood of ettin an
J
List of Community Suggestions Page 15 of 19
A-- Great Suggestion. Recomm !nd adding to the housinp, plan. September 15,1998
B- Great Suggestion. Currently incorporated into the Comman Grnund recommendation.
C Warraats further discussion,
D- Suggestion has been considcred in the past. Unlc9s 9ignificant ncw information is available, docsn't warrant revisiting.
E-- Suggestion falls outside the goals of the Town Council.
award.
Applying these standards to Eagle County, the maximum household income for a four member household would be
$35,000; for a three member household, $31,572; and for a two member household, $28,067. Based on these figures, ,
the target population wou(d need to make less than most seasonal wage earners in Vail. A key factor in the structure
of this program is that inwmes are based on the wages of ALL residents of the dwelling unit. This program works
best for large households with onty one income.
Notwithstanding the complexities of this program, funding is not the largest issue facing the Towa in the effort to
solve the housin roblem. Fundin continues to be an easier challen e than sitin . Low
D-8 "Homestead Act" concept to preclude There is no legal precedence or means to enforce such an act for either concept, The State of Colorado has looked at
local housing used as short term rentals differentiating primary residences Gom second homes and assessing lower property taxes on primary residences, but
or to enable the Stat, to use two has not moved forward with the idea. Legislation at the state (evel must be passed before this could be implemented.
different tax rates -ane for locals and This wncept may be appropnate for discussion and/or advocacy by the Colorado Association of Ski Towns, a coalition
one for second homc. owners representing ski towns across the state.
Low
D-9 Set up a housing authority or private This suggestion is related closely to two other suggestions, one dealing with the acquisi6on of privately held sites (see
housing land trust t( acquire and B-14) and the re-establishing a Vail Housing Authority (see C-12). A third component deals with partnerships with
develop privately owned sites in the private developers. This suggestion reflects the current model the Town has used to develop Vail Commons for-sale
Town in partnership with private housing, Buzzard Park seasonal housing, and Red Sandstone for-sale housing.
develo rs Low - Due to lack of available sites.
D-10 Establish pnvate real estate investment Would be helpful to understand what costs would need to be covered and who possible donors may be.
trust to fund affordatile housin LoW
D-11 Urilize Habitat for Humanity The Town Council selected Habitat for Humanity to be the develaper of the A-Frame site, located in West Vail in
April of 1998. After competing with other developers and being selected, Habitat for Humanity withdrew their
proposal. We would hope that Habitat for Humanity will pursue other projects here in the future.
Observation
D-12 Dorm baths down the tiall for This suggestion is simple and logical but not practical, based on the experience of resorts with dorms. While an
seasonal efficient housing solution for college campuses, the seasonal workforce is not the same user group. From surveys of
the seasonal workforce, privacy is a key element in the housing they are looking for. Particularly as the seasonal work
force ages and becomes more diverse, this will become more important. "5uite style" housing is an alternative to
dorms that rovides riva and securi for residents, while still maintainin efficient densities and lower costs. Observation
r
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List of Community Suggestioi{s Page 16 of 19
A- Great Suggestion. Recommcnd adding to the housing plan. September 15,1998
B- Great Suggestion. Currentlf- incorporated into thc Common Ground recommendation.
C - Warrants further discussion.
D- Suggestion has been considei-ed in the past. Unless significant new information is available, dcesn't warrant revisiting.
E- Suggestion falls autside the goals of the Town Couocil.
D-13 Consider more housing at the Public Additional units are feasible, but expensive. Site work required is estimated to cost $8,5 million. The development
Works Site located t:Drth of the golf program for Buzzard Park was set so as to maximize the allowable density (per the Colorado Department of
course. Transportation) without triggenng the additional requirements. The Colorado Department of Transportation would .
require several access improvements to add more units, including acceleration, deceleraGon and left turn lanes at an
expense of approximately $2.0 millioa The I-70 underpass would need to be widened which would require taking
down the current I-70 bndges and replacing them at a cost of approximately $6.0 million. It would also require either
relocating parking for 120 vehicles including busses, snowplows and dump trucks, (note that Public Works vehicles
need adequate turn-around area) or building above the existing structure. In either case, the access road would need to
be widened and would require cutting into the existing berm and building a retaining walL The estimated cost of
accessin this arcel of land is about $8,5 million. Low
List of Community Suggestions Page 17 of 19
A-- Great Suggestioa Recommcnd adding to the housiog plan. September 15,1998
B- Great Suggestion. Currently incorporated into the Common Cround recommendation. '
C - Warrants further discussion.
D- Suggestion has been considered in the past Unless significant new ioformation is available, dcesn't warrant revisiting.
E-- Suggestion falls outside the gaals of the Town Council.
E-1 Do not build within the Town of Vail - Because of the recent commercial growth down-valley, employees can not only find good housing there, but also good
consider anywhere cutside of Vail Pass jobs there. To ensure that we have a local pool of employees, the Town Council has set a goal to create housing this
and Dowd Junction side of Dowd Junclion. The same rational a lies to em lo ees livin and otentiall workin east of Vail Pass. Low
E-2 Consider Meadow Mountain See suggestion above. See above
E-3 Tax credit to busine±,ses who hire The suggesGon would incent employees to live in Vail, as they would have better standing with potential employers
employees living in 'Vail who would be receiving a tax credit from the Town (presumably from the sales tax collected by that individual
business). From staft's understanding of the market dynamics, prospective employees may not need a higher standing
than their counterparts to get jobs. What appears to be a greater issue is to make a greater housing stock available, to
enable em lo ees to live this side of Dowd lunckion and fill the available sitions in town. Low
E-4 Do not build or subs:dize the building Deed restrictions of some form are necessary. Without them, the initial bargain will only benefit the first buyer and
of deed-restricted units bad deal not the community as a whole. When deed restricUons have expired on local developments in the past, dwelling units
financially for owners and harmful to have been sold from local employees to second homeowners.
properry values of neighborhood
What may be more pressing is the specific standards of the cunent deed restrictions. The Town of Vail has been more
lenient than other resort communities (Aspen, Tellunde, Avon, Summit County) with the deed restrictions applied to
the Vail Commons development. In its current format, buyers continue to be attracted to the project currently under
construction as the monthly savings due to a low mortgage provide an overall better financial return than mortgage
costs for market-rate homes. Low
&5 Take plan to public vote The Town Council believes the best solutians can be reached by building consensus. Developing compromise is not
possible through an election process. Looking at Vail's track record for this issue, it becomes apparent that elections
don't always serve the public interest to the greatest degree with tMs type of issue. We would not have had the RETT
tax, would nat have the roundabouts, and would not have Vail Commons. Had the Town not acted independently of
an election, we would likely have a cemetery, a par 3 golf course, and a Vail Vilar center. Informed dialogue can
achieve the best results. Observation
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List of Community Suggestions 1 age 18 ot 19
A Great Suggestion. Recommend adding to the housing plan. September 15,1998
B- Great Suggestion. Currentlk- incorporated into the Common Ground recon mendation.
C Warrants further discussian, '
D- 5uggestion has been consider-ed in the past. Unless significant new information is available, doesn't warrant revisiting.
E-- Suggcstion falls outside the goals of the Town Council.
E-6 Abolish RETT and have a public vote With the most recent actian of the Town Council, RETT funds will not be used for housing. The following
on a housing tax background information may be helpful for further discussions.
Dunng the Common Ground community involvement process, staft' evaluated 17 different funding sources. Staff
researched each concept and summarized the information for the June Common Ground warkshops. Participants were
then asked to rank the alternalives, or suggest others that had not been listed. One of the funding sources considered
was the RETT fund (It ranked 4 out of the 17 options by workshop participants.)
The issue, in this case, is not whether it should be used for housing or not. What is significant is the research staff
conducted in preparation for the workshops. In the staff analysis, a"wish lisP' of open space acquisi6ans and park &
recreation improvements was generated. Nothing was left off the list (and it is available for review), including new
parks, bike lanes and expanded maintenance responsibilities. Costs for these expenditures were estimated at
$11,00,000 for the next ten years.
Under a conservative estimate of future revenue, the fund is expected to generate $9,000,000 more than what is needed
over the next ten years. The Town is limited in remaining projects to buy or improve. Given this reality, some have
suggested eliminating the revenue source, as it has accomplished what it set out to do. Continuing this thought, if the
communiry believes it remains a valid revenue source for an alternative use, it would have to re-vote it into existence.
However, this is not an option as Amendment 1, from 1992, to the State constitution prohibits We creation of real
estate transfer taxes.
Community members should be cognizant that the RETT fund may need to be amended in the future. Even if funds
are not used for housing, there may be other community priorities which would wanant an amendment to the current
standards for the fund. Observation
E-7 Short-term vs. long-term rental policies Staff' may not thoroughty understand this suggestion; however it appears that the suggestion is to develop standards
and enforcement limiting the use of the housing inventory for short-term rentals. This could be considered by the Town, and would
need documentation regarding the number of rental owners this would affect. Enforcement of rental policies on
alread existin homes is not le all ssible, exce t in instances where there are deed restrictions. Low
E-8 If housing is built on parks and open The issue in this case appears to be one of fairness, possibly building on the fact that the Common Ground
space, put equal amoints of housing on recommendation identified Donovan Park to be the recipient of a significant amount of densiry. This grows in
all of the parks and open space in the signiticance, when comparing recommended uses and densities at other locations throughout Town and identifying the
Town. (i.e. if 10 uwts are built at relative high densities to be located in the Matterhorn neighborhood,
Donovan Park, then l:iuild 10 units at
, .
List of Community Suggestions Page 19 of 19
A- Great Suggestion. Recomme!nd adding to the housing qlan. September 15,1998
B-- Great Suggestioa Currentl;l incorporated into the Common Ground recommendation.
C Warrants further discussiow
D-- Suggestion has been considei-ed in the past. Unless significant new information is available, doesn't warrant revisiting.
E-- Suggestion falls outside the g;oals of the Town Council.
Bighorn Park, 10 ur-its at Ford Park, The Town Council has stated that the recommended densities are not part of the approval and that densities will be
and 10 units at the (;olf Course) determined through site-specific discussions. Perhaps additional commitments from the Town regarding the upper
limit of densi (and use) for the Matterhorn nei hborhood would be a ro riate. Medium
E-9 Stop the process & tevisit the June 30 This matris provides a starting point for discussions about alternatives to the housing plan adopted June 30, It is the .
decision Town Council's belief that a thorough discussion of ideas, some new, some old, will enable the community to come
together to face the housing problem. The Council is open to suggestions, but is committed to its goal of making
si nificant strides towards solvin the housin roblem. Observation
MEMO
DATE:
To: 411s 1 19Ce -
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FROM: MESSAGE:
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Proposal for Affordable Housing:
T'he town should do the following:
1. Change zoning to allow single family homes to add garages with studios for rental to seasonal
employees and allow families to rent apartment or rooms in basements and in homes to employees.
Council members should view neo urbanist development in Longmont Colorado where $400,000 homes
are sold with carriage units and they are ne.xt to homes on small 24 foot lots. The mix works, is desirable -
and gives people worldng in the communiry income to help with cost of housing while providing housing for seasonal employees.
2. Hire new urbanist designers to plat Donovan Park, East Vail, West Vail sites with small lots from 24
feet wide to 50 feet wide, with alleys and dept for carriage houses. Lots couid be put in lottery and
community could be buiit from New Urbanist Plan books (I gave these to Andy Knutson). This is
how a project at Longmont is being developed. Marry builders could give area character.
3_ Create a housing authority to police proper use and sale of housing units that are on land held in
Trust by the town. Too often housing intended for housing has passed to second home owners, such
as Pitkin Creek.
4. Create a parlang facility so that seasonal employees may keep their cars away from the
neighborhood. If owners of million dollar units in the village keep their cars two blocks away in
parldng structure, so can seasonal employees.
5. Build at least one more bridge across highway so seasonal employees and west Vail residents could
walk to grocery store and businesses across highway.
All Council members should visit the Poplar Project in Boulder which was visited by Andy Knutson
and his assistent Nina Timm. This affordable housing project which has won a number of awazds and is
loved by it's residents has 14 small homes on 1.4 acre with front porches, picket fences to define private
yard from shared public space. The 860-1260 square foot homes which are two bedroom to four
bedroom homes were sold for $65,000 to $109,000. Owners put in at least 300 hours of sweat equity. It
is highly desirable housing for families. The firm of Wolf and Lyon who designed it should be employed.
to design a simitar projects for West Vail site, East Vail sit of 13 acres, for ponovan Park, a11 three legs
and Hud Wirth site. Some units should be sold at market price to provide a real mix of residents. Second
_ home owners who pay taxes, but don't use schools and social services would lessen actual density.
Pro-vide for pocket parks in Donovan Park, work with community to choose what elements are
wanted such as picnic shelter, outdoor ice skating rink, playgrounds, gardens etc.
Spend as much money for pedestrians as the town has spent for cars. Create sidewalks in neighborhoods
like Matterhorn area. Allow parldng on the streets as it slows down the traffic and protects pedestrians
on sidewalks.
Make an offer to purchase "ruins" in Cascade village for development of apartment house of
efficiencg apartments. Be sure investors in that property receive notice of offer.
Offer to purchase for redevelopment land in Matterhom which is run down and poorly kept. Owner
occupied homes with carriage houses, and studios in lower levels should be built.
The goals of common ground to provide housing for people who work in the communiry and to create a
sense of community is possible if the town adopts the principles of new urbanism. You acltieve a real
sense of communiry where people of all economic status live and work together. We must realize
affordable and attainable housing that is desirable and pleasing to look at can be created. We must not
create any housing that is a blight on the landscape, so it need not be hidden away. Convince the people
that the housing that can be created will be visually attractive and properly managed and it will be
welcomed into neighborhoods. One way to assure it is managed properly is to allow all housing units to
be individually owned by the employees. Allow them to lnuild and rent housing units in lower levels of
their homes or above garages to seasonai employees thus allowing them to make their housing more
affordable by giving them the benefit of rental income. Economic segregation was not in the great
communities that were created in the last century. Large homes sat next to smaller homes, carriage house
provided housing to students, maintenance workers.
Who in ttus community can say they do not want to live next to teachers, policemen, medical workers, .
maintenance workers, ski instructors, and people who work on the mountain. It is the mix of people and -
the design of the housing that they oppose. They oppose living next to 480 seasonal workers. But they do
not oppose them if they are mixed throughout the community. If housing is attractive and desirable you
don't need buffers from the housing.
Citizens believe that affordable housing is ugly and will not be cared for. Council people believe the
same when it was said that they did want affordable housing visable at entrance of Vail.
People are frightened of density but if properly designed densiry can make community work were cars
are not needed for every errand. Density is not bad, only design is bad People nced to be educated that
having hundreds of workers commute two hours a day is not ecologically sound. Green space surrounds
us thus giving up green space like Donovan Park which is not utilized at aIl to provide desirable housing
for teachers, medical personnel, policemen, is appropriate. I think the council members and citizens need
to be educated in neo-urbanism. Thus my first suggestion would be to have new urbanist town planners be
brought in to hold design charettes. Two sueh firms are the Town Planning Cooperative of Minnespolis,
MN and Wolf and Lyon of Boulder, Co. Certainly others are also dedicated to tenets of new urbanism.
I believe these charettes would give the community the feeling that they are being listened to and could
create a good dialogue.
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Some Additional Alternatives to Consider to Create Emplovee/Affordable/Attainable Housing
(which are not already on Andy Knudsen's list of 63)
1. I understand that there are numerous home owners who have been pernutted to build houses
with additional GFA in return for adding employee units to the houses, but who do not actually
rent out the units. Provide incentives to encourage such owners to actually rent the units to local
workers:
Offer free ski passes, free ski lockers and free parking to these owners. Set up a housing authority or private housing land trust to manage these employee units--
to find and screen appropriate tenants, to collect rent, to make sure tenants don't harm the
property, and possibly to guaranty certain minimum rent and indemnify the home owners
from any loss they suffer as a result of the rental of the employee units--being a la.ndlord is
a hassle, and people who do not need the money will not want the hassle.
2. Many local home owners rent out units in their homes, or rooms in their homes, to local
employees or to tourists in order to be able to afford to live in Vail. Provide incentives to these
owners to rent their units at below market rates, and only to local workers, by doing the same
things as are described in Item 1 above.
3. Set up a housing authority or a private housing land trust to acquire and develop privately
owned sites in the Town in partnership with private developers. Develop these sites with a
mixture of high end for-sale units, affordable for-sale units and employee rental units dispersed
throughout the development as attached units to the affordable for-sale units, or in small
apartment buildings of no more than 4 units. The sales of the high end for-sale units could be
used to subsidize the affordable for-sale units and the employee rental units. Build small-scale
mixed-use developments like the Poplar Project in Boulder. The mixture of housing types makes
for a real community and dilutes the negative effects of clustering the transient workers in a high
density ghetto, and the equally negative effects of having isolated enclaves of high end homes
barricaded behind their gates. Attaching the employee rental units to the affordable for-sale units
also makes the affordable for-sale units more affordable, since the owners of these units could
subsidize the cost of their housing by renting out the employee rental units in their homes. Offer
incentives/subsidies to private developers and buyers of units in the project, in order to encourage
such development, such as subsidies for the cost of land acquisition, allowances of more GFA or
density or clustering (if appropriate to the neighborhood), real estate tax reductions, real estate
tax credits, waivers of tap and utility fees, waivers of the transfer tax upon initial sale, cash
contributions to infrastructure, provision of improved parks within the development, guaranties of
management and-Fent-payments-for-employee-rental units; and-guar-anties-of the direct purchase of
affordable for-sale units by the Town. Have the housing authority or land trust retain ownership
of the land under the affordable for-sale and employee housing units, in order to keep such units
from being taken out of the affordable housing pool, or have the housing authority or land trust
retain a shared appreciation second mortgage on the affordable for-sale units, so that the Town
will share in the proceeds of any appreciation and can use this for other Town sponsored projects.
4. Before building any housing, commission a scientific survey and analysis of the current
availability of housing, the reasons for lack of various kinds of housing and the actual housing
needs and desires of the local community, to determine what kinds of actions by the Town would
" have the most beneficial effect on the Town and the businesses in the Town. For example, find
out what kinds of people would want to rent employee rental units, what kinds of units they
would want to rent, what kinds of people would want to buy deed-restricted utits, where and for
whom the prospective tenants and owners work, whether people would prefer to buy deed
restricted units or to have direct financial help with down payments a.nd mortgage subsidies and
whether people would choose a townhouse/condominium in Vail over a single family house with a
yard in Eagle, if the price were the same. After you have determined housing availaliility,- needs and desires, then formulate programs to address these things.
5. I have been told that there are many sites in the Town which are owned by the recreational
district or the sewer district. If this is so, consider developing these sites for housing.
6. Do not build or subsidize the building of deed-restricted units. These are bad deals financially
for the buyers of the units, and such units harm the property values of the neighborhoods where
they are built (because they are of necessity built as cheaply as possible and the re-sale prices are
capped). In addition, there is a growing body of law which suggests that after 10-20 years--
because these are such bad deals--the courts will overturn the deed restrictions. A better way to
, subsidize housing would be to develop a program based on the philosophy of Habitat for
Humanity: First, build simple, small scale, but high quality, houses that are not deed restricted, so
that the houses are compatible with the neighborhoods where they are being built, and so that the
buyers of the houses will have the real benefits of home ownership, such as participating in the
appreciation of the house and having the ability to use their equity in the house to obtain
financing. Offer cash assistance on down payments and provide buy-downs of interest rates from
lenders, and in return for this, (1) require the buyers receiving these benefits to contribute 500
hours of "sweat equity" in the form of volunteer service to the Town, and (2) take back shared
appreciation mortgages on the houses, so that the Town participates in the appreciation of the
value of the home. -
7. If housing is built on parks and open space, build much less housing than is currently planned,
so that substantial park and accessible green spaces will remain, and so that there are landscaped
park-like buffer zones between any new housing and existing homes. For example, preserve a
significant green space all along the creek on Donovan Park. In conjunction with this, before you
build any housing on any parks or open space, permanently protect the remaining portions of the
parks and open space from any further development by placing conservation easements on these
parts of the parks and open space, or at the Ieast, by formalty designating these portions of the
parks and open space as-`SDesignated-OpetrSpace,"-so•that-they-can't beAeveloped without a
vote of the people. One of the fears of people is that once you put housing on part of a park or
open space, it will be inevitable that more development will follow in the future, because once you
change the character of land from a park to a housing development, more development will be all
too easily seen as being compatible with the initial housing development.
8. If any parks or open space are used to build housing, then put equal amounts of the same kinds
of housing on all of the parks and the open space in the Town--at the same time. If 10 units are
built in Donovan Park, then build 10 units in Bighorn Park, Ford Park and the Golf Course. You
would end up with a high number of units, but you would spread the effects of public housing
fairly throughout the Town. Also, instead of taking away almost all of the remaining accessible
green space in West Vail, you would be taking away some of the green space in East Vail and
some of the green space in West Vail. I assume that you believe this would be politically
infeasible and too harsh a result in .order to obtain affordable housing. But why is this any more
harsh a result than what is planned for the parks and open space in West Vail?
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AUG-26-98 WED 09:52 M. Lorimer P.01
TO: ANDY KNUDTSEN
FROM: Maro Lorimer
RE: Suggested Option List
Hi, Andy.
Thanks for all the efforts you're making ta reassure the public that the "homework" has all been
done before big steps are taken. Despite the incredible list you've assembled, I have one more
idea, which I think is important: Define in detait what evatuation processes wiil be employed
to confirm desired resutts are being achieved by each project and to increase the success of
later projects.
Along these lines, a secand, more specific, item would be to provide a simpte statistical report
on the actual situation today in the housing units at Vail Commons. Not a list of
homeowners... just the basic numbers. I don't think it's the general public's business what private
individuals do with their bedrooms or how much money they earn. However, I assume you have
some way that respects the privacy of the residents, to provide accurate, detailed information
necessary to evaluate the actual oatcome of the project and to make adjustments based on that
feedback before doing more projects.
The point would be to report the simple numbers that reveal the actual situatian today. (Not what
is theoretically happening, or officially happening.)
• How many bedrooms are there in the entire project?
• How many occupants are actuafly living there today?
• What age brackets are they in?
• What is their employment status...ie, where do they work (geographically/type of jab), wlzai is
their income bracket.?
I assume the business community would find it interesting to know what types of jobs are held, as
well as the geographicai location of the work pursued by the current occupants.
Thank you for considering adding these two items to your exhaustive list.
Sincerely,
y2~~
Maro Lorimer
AUG-27-98 THU 12:32 M. Lorimer P.01
TO: ANDY KNUDTSEN
FROM: Maro and Mike Lorimer '
RE: Suggested Option List August 27, 1998
Dear Andy:
, Thanks for your phone message yesterday. We have come up with four more items.
• Identify and eliminate current regulations that discaurage the private sector from creating .
private solutions. (This is very different from creating another layer of regulations.) • Identify and address non-housing factors that may contrihute to loss of emptoyees and
community. (eg, employee parking shortage, less child-friendly neighborhoods than
downvalley.... )
• Environment and infrastructure impact reports to precede each development, and to be
weighed seriously in deciding whether to proceed.
• Clearer definition of the problem, and explanation of exactly how building more housing will
solve it.
Sincerely concerned about a lot more than our own neighborhood or back yard,
1? ~"~D
Mazo and Mike Lorimer
08/30/1998 20:17 HDNEYWAGON/DONOVAN PAGE 01
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G Raw ideas to stimulate a more creative approach to housing shortage and
• funding concerns (to minimize new affodable housing coastruction and save
RETT funds and other tax revenues).
1. Enforce rental of existing caretaker units and Employee Housing Units (EHUs).
2. Require caretaker units in all homes over 3,500 sq ft.
3. Businesses can float loan of home for employee, until enough equity is built for employee to
get their own loan.
4. Reevaluate short-term versus long-term, rental policies and enforcement.
5. Take advantage of delinquent tax resales, buy properties for resale with deed restrictions.
Town could do this, but better yet, private business owners wiih employee needs.
6. Establish private real estate investment trust to fund affordable housing. -
7. Encourage old and require new condo complexes to have on-site manager unit.
8. Mix for sale and for rent units.
9. Inclusionary zoning. 10. Mix seasonal housing with summer camp use. (As CMC at Leadville offers units to
Elderhostel in summer.)
11. Impact fees to businesses.
12. Down payment programs in which an outside party provides the funds for downpayments on
mongages. (Currently being worked on by board of realtors. Interest on escrow accounts
could contribute $30,000 to $40,000 for this per year.)
13. Low interest buy down. (An employer or trust fund pays a certain amount per quarter point of
reduction and buys the loan down.)
14. Business Improvement District to generate funds for housing.
15. Increased business license fee, graduated according to number of employees needed by each
business.
16. Tax credit for businesses who hire employees living in Vail.
17. Incentivise existing residential property owners to increase the number of employee rentals in
Vail.
18. Expand lift tax to generate income from all lift rides.
19. "Homestead Act" concept to preclude local housing conversion to short term.
20. Establish private_board to put housing deals together for private purchase.
21. Formalize employee generation requirements.
22. Purchase existing units to deed restrict and resell. -
23. Facilitate financing for those who voluntarily deed restrict properties.
24. Move or recycle "tear downs" to Habitat for Humanity, for example.
25. Convert common areas to deed-restricted units.
26. Issue Private Activity Bonds.
27. Low-income Housing Credits (Eagle County).
28. Reimburseable Housing Allowance (Holy Cross Electric Association).
29. No RETT on deed-restricted square footage.
30. Educate and inform interested private parties on available programs and ideas.
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T 0' d J,21371tib >IoI N'13W,-?J3QtlH 6Z: 60 f1H1 86-4Z-9flki
September 4, 1998
Andy Knudtson
TOV Sr. Housing Planner
Dear Andy:
As promised, I am submitting an item to the list of "63."
Housing Authority Role
Give the existing, but dormant Housing Authority a real role:
o Representation by:elected officials/staff from TOy,employers,
property owners and employees
_o Goal is to play down the large influence by the two key players,
of VA and. TOV
o Would play a role in both project initiation and management
of in-place employee housing
o Provided with a cash flow from (a) TOV--a.g. receiving the $100K
revenue stream from.the Commons Project, (b)"membership"--similar
to the Whistler Housing Society
o Would provide a"one stop" or at least a"first stop" for
employers--especially new businesses--to have "in pocket"
the number of beds/units they need to see themselves through
the winter season
Additionally, I have other inputs:
Federal Land
o Keystone has employee housing on Federal land--why can't this
be done here?
o Two golf courses (Singletree & Eagle-Vail) lease land from
the Federal government to the tune of 27 acres. Can't a portion
of this be used for housing?- While this housing would not be in
in Vail, it would help out in the overall supply & set an example.
Cemetery
Can't the notion of a memorial park be woven into the current
discussion of making improvements to TOV's "vacant/excess land"?
Wildlife The TOV expressed its views qoa regarding the Avon Village project
by citing concerns for wildlife being impacted by new development.
We need to see wildlife mentioned in the proposals to use open
space for housing--i.e. some study that would include some of the
focus points normally included in EIS's.
Sincerely,
. ~
P ul . Rondeau
• August 26, 1998
' Andy Knudtsen
TOV Sr. Housing Planner
Dear Andy:
Per my suggestion of additions to the list of 63 some ideas,
I now submit the following:
l. CreGte a model tr,at providesa measure of each neighhorhood's
participation of accommodating our service employecs housing
" needs. It would involve estimating the number of nei.ghborhood housin
units or beds and compare this to the number of service employees living in the neighborhood (whether in deed restriced
or non-deed restriced units). This "score", expressed as a percent,
would become the "driver" for seeking out new opportunities for
neighborhoods not highly participating. Opportunities would include
(a) TOV facilitating rental lock-off units through additions/
internal expansions zoning approvals and (b) the whole spectrum
of Common Ground mechanisms, including I hope purchasing properties.
Additionally, this would map to one of Vail Tomorrow's goals--
"provide motivation, encouragement and opportunities for neighborhood
to get together." Neighborhoods that apper to be light in this
participation include the Golf Course, Potato Patch and, perhaps
East Vail.
2. Tom Steinberg and I discussed a specific opportunity area for
employee housing on the Golf Course. There are two areas where
the VRD could locate housing units. One is the notion of putting
a second floor on the maintenance facility (Fairway Drive). The
second is to construct an addition or second floor on the Club
House. These facilities would be occuppied by VRD employees.
The beauty of this idea is the VRD is a municipal organization,
which could then be shown to have the leadership that the TOV
is being asked to show for its employees housing needs.
Again, these ideas are just but a couple of the many that are' floating around in people's heads.
Sincerely
Paul J. Rondeau
P.S. Additional thoughts
Vail Tommorrow 8/97 glossy suggested (page 4) that"Vail Resorts
set a goal of 62 % of its own seasonal employees who are rentals"
It would seem that the agreement hammered out regarding skier limits
is an example of what can be done. Where is that kind of negotiation
for Common Ground? Its conspicuaus by its absence.
KARIN SCHEIDEGGER
2436 CHAMONIX LANE
VAIL, CO 81657
TOV ALTERNATIVES
MOUNTAIN BELL PROPERTY: This property would be ideally suited for a Fire Station as it would serve both the town
itself and the West Vail areas all the way down to Dowd Junction. It would also be close r
to the Elementary School.
This property would also be ideal for Housing. Many people could even walk to town,
thereby eliminating a lot of traffic.
MEADOW MOUNTAIN:
Even though it is owned by the Forest Service, it should seriously be considered. Perhaps
a leasing arrangement could be worked out. Have Vail Associates be involved in this
project as they ha.ve worked out leasing arrangements with the Forest Service on the
mountain. The Town of Vail could provide the Transportation.
The Town of Vail Business people must do more to provide housing for their employees.
Only employees in the Town of Vail should be allowed to apply for the Lottery on these
housing projects, including the Joint Venture with the Water/Sewer District. Why are
you allowing Eagle County residents to apply when they are not working in the Town of
Vail?
The exemption for the Real Estate Transfer Tax should apply not just on Deed Restricted
Units, but also to first time property home owners that work in the Town of Vail where it
will be their principal residence. The exemption should be for the first $150,000 only.
Just allowing the exemption on only Deed Restricted Units seems discriminatory to me.
Most of the Houses in the Vail Das Schone and Vail Ridge Subdivisions already have
rental units. We don't need more housing. We need Open Space, a little breathing room
Put more housing in those areas where " there aren't any lip-hts on."
+ 08-31-1998 08:12AM CANPC OF VAIL/ ASPEN INC _ P.01
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08-31-199e 08:13AM CANAC OF VAIL/ ASPEN INC _ P.02
August 28, 9998
, Town Qf Vail Housing Planner
_ 75 Souttt Frontage Road
Town aF Vail Municiple Bui{ding
Attention :Andy Knudsen
The attached proposal is aimed at keeping the TOV out af the rentai.business
as well as providing a path for Merchants #o secure housing for their employees. - This package is just an outline that could be used on any site. This package is
designed for use on the Mountain Bell site but could work on Timber Ridge if the
land cost are not too high. This wou{d also keep any develapment from Park space
and minimal impacE on surrounding neighborhoods. This package is geared to
selling seasonal units rather than renting which has many advantages.
A. Permanent solution to housing for merchaMs and employees.
B. Minimal investmerrt ftom the merchants.
C. Keeps TOV out of rental business.
D. Provides better hausing for employees at less money.
E. Employe+es have more incentive to take care of property
because they are part owners.
F. Tax advantages for employees #hat lowers monthiy
payment. We are cesearching tax laws to get a ruling.
G. , Employer builds equity and reaps benefit of mvr#gage
amortizatian.
H. Coufd be implernented on a phased approach in business
plan fashon. Merchants wauld sign reservation agreements
before units were builf and they would be done in 100 unit
or 120 bed increments.
Sincerely,
Concemed citizens C. Bernhart, P. Hymers, S.A. Jackel, R. Jones
attach.
08-31-1998 08:13AM CANAC OF UAIL/ ASPEN INC P.03
HOUSING PROPOSAL Pg 1
August 28,1998
SEASONAL AND LONG TERM EMPLOYEES
ASSUMPTIONS
Land provided by 70V and leased on long term lease (No charge)
to provide housing. ,
. (1) One bedroom units 600 Sq. Ft $66,000 for sale.
(2) Two bedroom units 900 Sg. Ft. $99,000 for sale. .
Use (and on Mountain Bell site or Timber Ridge site.
Assume $94.00 per sq. ft. building cost.
(1) bne Building approx 100 units. SO (1)Qne bedroom units
20 (2) Two bedroom units
Site coverage approx 1/3 acre plus landscaping.
Paricing under building in two levels approx 100 cars per building.
5 stories 20 units per story. Vew corridor not a problem because aF
BI.M backdrop.
FINANCING
1. Purchased by merchant and Co owned by tenant
2. Down payment $3,300.00 per single bedroom unit and $4,950.00 for
a 2 bedroom unit.
3. 710/o Mortgage on $62,700 for 30 years approximatety $417.00 per
month. $526.04 for (2) Two bedroom.
4. Taxes approximately $660.00 per year or $55.00 per month one BR.
$990.00 for Two BR or $82.50 per month.
5. Common charges and insurance approximately $75.00 per month. One
BR. $112.50 Two BR.
- 6. Tenant gives Merchant 50% of down-payment and signs Co-Owner -
contract This is $1,650 out of pocket. which is approximately how much
they would need in cash to rent a uni#.
7_ Deal is structured so 7enant pays mortgage, Taxes and Common
charges. and shares appreciation with merchant.
8. Merchant reaps benefit of amortization of mortgage and 50% of
appreciation capped at 3% per year.
9. Tenant gets unit for reasonable monthly cost plus tax advantages
and appreciation which lowers monthly payment to bargain rates.
See page 2 for breakdovm
08-31-1998 08:14AM CANAC OF UAILi ASPEN INC " - P.04
Pg 2
COST BREAKDOWN
MONTHLY QNE BEDROOlVt -MIO BEDROOM
Mortgage $417.00 $626.00
. taxes $55.00 $82.50
Common charges $75.00 $112.50
Total Out of Pocket $547.00 $821.00
AppreCiation * ($82.50) (123.75)
Tax re#und (20% bracket)** ($84.30) (926.45)
Net Monthly cost $3$0.20 $570.80
* Note This savings may be cut by 20°k if IRS rules residence is nv#
persona) residence. Tenart# could be billed 20°r6 of appreciation
as capital gains tax (V11e have expert researching this detail).
"Note This rebate could be recenred immediately each pay period by
indicating the appropriate number of deductions on W4 farm
with emplvyer. (Instead of refund at year end paycheck would-
be increased so no refund is due at end aF year.
SUGGESTED RULES
1. Limited to employees working in Tvwn of Vail. Qthers would
pay rent for land to town at rate of $100.00 to $150.00 per month.
2. Merchants wvuld put up deposit for reservation before building
begins $250.00 for One bedroom and $375.40 for two bedroom
non-refundable if Town builds praject.
3. Merchants would not have to pay appreciation if period of Tenant
is less than 1 dne year.
4. Merctiants could withhold appreciation and deposit at end of tenant
08-31-1998 08:14AM CANfC OF VAILi ASPEN INC P.05
Pg 3
occupancy if unit is damaged. Independent inspection and arbitratian
of disputea. Merchant could only wittthold amount equal to damage.
5. Only 1 car to a unit, designated spaces. Additional spaces could be
rented or purchased. Limited number of spaces.
' fi. Merchants could se!l their irrterest to other merchants at 3% rate of
appreciatian.
7. Rental of unit vwuld be ta Employees who work in town at rates set by
Town.
8. Other rules to be added by planning department_
' 08-31-1998 08:14AM CANAC OF VAILi ASPEN INC P.06
Pg 4
SUMMARY
This plan is an outline that invoives creative financing, aggressive bidding of
construation and responsible administration. We feel that there is adequate land
availabie on sites o#her than thase of Resolutivn S. The town vwuld spend minimal
doltars and in fact we cauld fund this project entirely with private maney if required.
The TQV could stay out of the reai estate business yet control the housing
needs for the town. Its not that we don't think the Town could manage this but it `
is our opinion that government in general doesn't do this well and most likely would
prefer not to take on that responsibility. This would involve some tax dotlar use in
that the land was purchased with tax dollars and same temporary funds may be
needed. It is the feeling of our group and severai experts that were consutted tha#
most TOV funds required would be repaid.
The phased ability af this #ype of approach prevents over-building and
enables the Town to review the pcocess in stages. I# the requirements decline units
coutd be sold to others but only as a last resort. We also suggest #hat some
commercial element (canvenience mart.) be included with this structure to inccease
the attractiveness for developers.
The underground parking and site building problems could increase these
numbers. If these cost rtise ZO% the plan is stilt feasible.
Three major cvnstruc#ian firms with mountain empfoyee building experience
were consulted on the cost per sq_ ft. numbers. Their consensus was that building
cost would run in the $85.00 #o $95.00 per sq. ft depending on design and site
considerations. The underground parking w+ould be additional but may not be as
high as numbers that fiave been used in the past. The parking might have to be
subsid'¢ed but again these funds Goulcf be recouped by additional charges.
TOTAL P.06
Due to the fact that the Town Manager is out of town, there will be no
Town Manager report in the packet.
COMMON GROUND
Questions & Answers
September 1998
Q. What's the current status of Common Ground?
A. On Sept. 9, the Mayor, on behaif of the Council majority, issued a statement
proposing additional compromise on the Common Ground housing plan. Those
compromises, to be considered by resolution at the Sept. 15 evening meeting,
are two-fold:
1) Eliminate use of the Real Estate Transfer Tax as a future funding source for
housing within the Common Ground pian.
2) Use town-owned land purchased with funds from the Real Estate Transfer Tax
LAST for housing. This means deferring action on the three benches of
Donovan Park from phase 1 to phase 3.
Also at the Sept. 15 meeting, the Council will:
• Add a list of selected citizen ideas to its housing program.
• Invite public discussion on a list other citizen-generated ideas that require
additional research and evaluation.
• Approve a schedule for next steps regarding neighborhood discussions to
guide development of affordable housing sites in the West Vail and
Lionshead neighborhoods. Those discussions will begin with a bus tour
on Oct. 12.
The remainder of the sites identified through the Common Ground citizen
involvement process and confirmed by Council resolution on June 30, including
the open space, community facilities and 9 other housing sites would be
unchanged.
Q. How did the Council compromise come about?
A. Since its approval of the Common Ground plan on June 30, the Council has
been listening closely for consistent areas of concern raised by members of the
community. Over time, it became apparent that a number of citizens are not
entirely comfortable using RETT funds for housing, or lands purchased with
RETT funds for housing. The Council compromise is intended to address those
concerns in a manner that allows the community to work together constructively
on implementing solutions to our affordable housing problem, rather than
continuing to pit community members against one another.
Q. What about those who support the Common Ground plan just the way it is?
Have you let them down?
A. Council hopes those who've participated in this process recognize, as it does,
that Common Ground is one of the most significant and comprehensive planning
efforts we've ever undertaken as a community. Its impacts are monumental,
long-lasting and, of course, controversial. Council members remain committed
to the intent of that citizen-crafted plan--to address this community's serious
need for affordable housing--and believes that this compromise is consistent with
that intent. Keep in mind that the Common Ground process is ongoing, and is
designed to create and implement a plan for community needs that reflects the
preferences of the community. Council heard some pretty strong messages
- about preferences and concerns related to RETT and open space. Without
~
acknowiedging those concerns and stepping forward to offer a compromise,
Council feared the pian would create such unrest in the community that nothing
would be accomplished in addressing the housing problem. Council believes it is
in the community's best interest to move forward with a revised plan rather than
risk inaction and prolonged community disagreement and debate about next
steps.
Q. What does the Common Ground plan give up as part of the compromise?
A. The compromise essentially delays the timing of adding additional seasonal
housing, as well as additional for-sale units. This is due to the shift of Donovan
Park from phase 1 to phase 3. However, a seasonal housing development at
the perimeter of the Lionshead parking structure remains as part of the planning
process for phase 1, as does a for-sale housing development at Arosa and
Garmisch in West Vail. The town also has identified redevelopment of the
privately-owned Timber Ridge site for seasonal housing as its number-one
priority and is aggressively pursuing various partnership and/or acquisition
options. Once the Donovan Park site comes up for review in phase 3, the need
for tocal affordable housing wiJl be evaluated to determine if it warrants use of
any part of this site. Also, although the Council had originally intended to use
RETT funds for housing as a"last resort," it is now believed the town's housing
programs can be funded adequately without the use of RETT. The four
remaining funding sources are: 1) refinance town debt; 2) use proceeds from the
sale of 2 town-owned properties; 3) continue to use the annual housing fund
from the capital budget; and 4) use revenues generated by the sale of land
acquired through the TOV/USFS land exchange.
Q. Does this mean Council's commitment to housing has eroded?
A. Absolutely not. In fact, one of the consistent messages Council has heard from
the community has been an acknowledgment and agreement that Vail faces a
serious affordable housing problem that needs to be addressed. The
Council's offer of compromise is intended to move the town's housing program
forward in an efficient and productive manner so that tangible results can occur
as soon as possible. A community deadlock over this issue is in no one's best
interest.
Q. Whaf's included in Resolution No. 10?
A. This resolution (see attached) formalizes the Town Council's compromise with
an expression of intent. It is not meant to avoid or replace any administrative
requirements, such as development review, rezoning, or fund allocation and
budget requirements.
Q. What happens to Resolution No. 9 approved on June 30?
A. Resolution 10, if approved by Council on Sept. 15, will rescind the previous
resolution.
Q. Does the new compromise apply to any sites other than Donovan Park?
A. No. Just the three benches of Donovan Park, which were purchased exclusively
with RETT funds.
i 1
Q. Why isn't the West Vail site at Arosa and Garmisch impacted by the
compromise?
A. The West Vaii site wiil remain as a phase one project because the land was not
purchased exclusively with RETT funds. It is the RETT issue that has resonated
throughout the community as an issue of concern that Council is addressing
through this compromise. Although the West Vail site was initially purchased
with RETT funds due to a cash-flow situation, it was immediately reimbursed
following the acquisition. The land was platted as four lots zoned
primary/secondary and remains that today. In the minutes from the Town
Council meeting during which the Council approved the purchase, the mayor
stated that the eventual use was not determined, but there was a possibility of
using it for recreation, open space or employee housing. The current
recommended use for the site is both for a park and for some housing.
Q. Is it possible for Council to move forward on a park plan for ponovan Park, or
designated open space status, before phase 3?
A. No. That would jeopardize the integrity of the Council compromise, which is to
reserve a portion of Donovan Park for housing, if it's deemed necessary at a
future date. Any earlier action on the site would preclude the ability for the
town's future leadership to make an informed decision on appropriate uses for
Donovan Park, given the community's needs at that time.
Q. How can I get Council to postpone action on the housing site in my
neighborhood?
A. Council has said all along that Common Ground is an evolving process in that
sites targeted for housing on June 30 may be altered in the future if
local housing needs or circumstances change or new opportunities present
themselves. However, Council has said it will not arbitrarily remove sites unless
there's a valid reason to do so. The affordable housing problem is one that this
community can no longer ignore or postpone action on, and Council would hope
that this reasonable compromise doesn't create a domino effect of
neighborhoods lining up to ask Council to remove housing from their
neighborhoods. Council encourages all potentially affected neighborhood
residents to stay involved in the process so that they can have a direct hand in
establishing guidelines for affordable housing in their particular neighborhood.
Q. Will the four lawsuits go away now that a compromise has been proposed?
A. The Council's compromise won't make 100 percent of the people happy, nor is it
likely to satisfy all of the complaints that have been raised in the suits. The
Council, through its attorney, has asked the court to dismiss the lawsuits. So,
the ultimate outcome will be determined by a judge.
Q. Is the timing of this compromise related to the threat of a mayoral recall?
A. A lot of things have happened in the last few weeks to get Council's attention
about the depth of concern people have about the Common Ground plan as it
originally stands, and the recall effort was one of them. You'd have to be a pretty
insensitive elected official not to have that get Council's attention. But the thing
that has probably most convinced Council that it needs to see if it can come up
with further compromise is the consistency in the message it has continued to
,r ,
receive from people. It's pretty clear that Council needs to do something to
address the concerns people have about the perceived use of RETT and that's
what the compromise has attempted to address.
Q. Is the commitment to leave RETT untouched a long-lasting or binding decision?
A. The decision by the Council to remove RETT as a housing funding source does
not preclude this Council or a future Council from revisiting the issue at a later
date.
Q. What happens next?
A. Following the Sept. 15 meeting in which the compromise is adopted, Council
intends to begin moving forward with Common Ground on two tracks. One is
implementation of the first phase components in the areas of housing, parks,
open space, community facilities and property acquisition. (See first phase
elements in attached resolution.) Second is an ongoing discussion of additional
ideas for housing, which won't be concluded on Sept. 15. Weekly tabletop
meetings involving citizens and Town of Vail staff, as well as monthly Council
updates will be a component of those ongoing efforts, so that all appropriate
housing ideas can be pursued.
0. Did the Town Council really understand the impacts that would be caused by the
Common Ground plan?
A. Yes. If solving the affordable housing problem was easy, this Town would have
done it years ago. We are trying to address a problem that communities all
across this country are struggling to solve. And it's even more difficult for us
because we're a resort community. The Council knows that people may have to
put up with some changes that will be hard to take, and they wish these
problems could be solved without any down-sides, but unfortunately, that just
isn't possible. The Council will do its best to continue to find areas of agreement
that we can all live with, and encourage everyone to be open to compromise and
to approach the discussions with an open mind and a sense of community. It's
now time for the community to meet this Council half-way in moving forward with
the next steps.
End
?
~
~
u
~y
TOWN OF VAIL
•RLD
, Office of the Town Manager CHAMPIONSHIPS
, 75 South Frontage Road
9
Yail, Colorado 81657 , . , , ~ ~
970-479-2105/Fax 970-479-2157
MEMORANDUM TM
TO: Vail Town Council
FROM: Pamela A. Brandmeyer
DATE: September 10, 1998
RE: Youth Recognition Award
Attached you will find a proposed introductory letter and memorandum conta.ining criteria for
awarding the 1999 Youth Recognition Award to eligible candidates within the Town of Vail.
Based on a discussion with Sybill, I have attempted to include changes to criteria and process as
so noted. I take no personal ownership for these two documents, nor was I in attendance at the
work session at which this was discussed; therefore, please feel free to change, modify or delete
as you wish. We will discuss this program during "Other" at the September 15th work session.
Thank you for your attention to this matter.
PAB/aw
attachments
L~~ RECYCLEDPAPER
,
F
~
~l
TOWN OF YAIL
75 South Frontage Road Office of the Mayor
Vail, Colorado 81657
303-479-2100
FAX 303-479-2157
_ September 10, 1998 -
Mr. Peter M. Abuisi
Headmaster
Vail Mountain School
3160 Katsos Ranch Road
Vail, CO 81657
Dear Peter:
It's that time of year again! The Town of Vail takes pleasure in accepting applications for the annual
Town of Vail Youth Recognition Award, an award created in 1995 by the Vail Town Council, to
recognize and reward two outstanding students, one each from Battle Mountain High School and
from Vail Mountain School. Although the premise of this award is to provide these outstanding
students with a chance to greatly broaden and enhance their educational processes by facilitating
their participation in an "internship" type experience in a resort community in another country and/or
hemisphere, there have been some major changes in the criteria and process. I will outline those
changes in the following material.
These students, with preference being given to Town of Vail residency, will be selected by the
administration/faculty of each school and will be submitted to the Vail Town Council. As stated,
although preference will be given to Vail residency, should qualified candidates not be available
from our local pool, the Vail Town Council will consider qualified applicants from outside Town
of Vail boundaries. The Town of Vail will then approve those recommendations and will facilitate
the arrangements for these students to be accepted in an internship program in a Sister City
community (St. Moritz, Switzerland) or a ski community involved in exchange programs through
Vail Associates (Mt. Buller, Australia).
Another change contemplates the award presentation being made to either a tenth or eleventh grader
during school awards ceremonies in the spring of that student's sophomore or junior year. The
students should be appraised of selection by February of that year so that arrangements for the
suinmer experience can be approached from a realistic time line. Further, in order to comply with
requirements from the Sister Cities International Exchange Program far Students, the Town will also
now require that the students selected also assure housing for the reciprocal student from that ski or
resort area. This reciprocity will solidify the "exchange" program.
«
.
The students will make application on a form provided by the Town of Vail, that application
requiring two references. It is probable those references w'ill be contacted personally by a member
of the Vail Town Council to conduct an interview regarding the qualifications of the proposed
students.
The Town of Vail will provide funds for the students' travel expenses and will be open to consider
room and board expenses, if those are required. Such an experience will cover a 6 to 10 week time
frame. The Vail Town Council will implement this experience through the Vail Valley Exchange
Program, our local Sister Cities International Program, which is currently chaired by Merv Lapin, President, and Karen Phillips, Director.
Attached to this letter of introduction is a memorandum outlining the purpose, organization, criteria,
process, and awazd for the Youth Recognition Award. Should you have any questions, please do not
hesitate to contact me at 479-1860, selection 3, or call Pam Brandmeyer directly at 479-2113 at the
Town of Vail offices. Either one of us will be happy to respond to any questions you may have.
Again, we look forward to this opportunity to enhance and create new experiences for some of our
finest young men and women in this valley.
Sincerely,
TOWN OF VAIL
Sybill Navas
Council Member
SN/aw
xc: Vail Town Council
- Pam Brandmeyer
Suzanne Silverthorn
r
\ 1/
Iy
TOWN OF UAIL
75 South Frontage Road Office of the Mayor
Vail, Colorado 81657
303-479-2100
FAX 303-479-2157
MEMORANDUM
TO: Applicants
FROM: Sybill Navas
DATE: September 10, 1998
RE: Youth Recognition Award
The Town of Vail has created an annual Youth Recognition Award to be given to a recipient, one
each from Battle Mountain High School and Vail Mountain School. Listed below are the basic
components for this award:
1. Purpose
II. Organization
III. Criteria
IV. Process
V. Award
1. PURPOSE: The purpose of the award is to recognize and reinforce outstanding
achievement hy youth of the Upper Eagle Valley, both for their individual achievements and as
role models for their peers. The Vail Town Council created this award to acknowledge and
reward students from our community schools.
IL ORGANIZATION: The Town of Vail will solicit recipients from the administration/
faculty of both Battie Mountain and Vail Mountain schools. The school should be personally
aware of the norninated student's achievements and citizenship efforts (one student per school).
The recipient must then be accepted by the Vail Town Council. The student nominated from
each school should be a resident of the Town of Vail. In the event a qualified applicant from
within the Town of Vail boundaries cannot be proposed by the school, consideration will be
given to a l Oth or l lth grader within the RESOJ school district.
III. CRITERIA: It is extremely important the school selecting the candidates have no doubt
that each candidate has fulfilled all the criteria to the highest degree. The Council feels this is a
special award and the criteria will be strongly adhered to in the review process. It is important
the nominee have enough life experience to have distinction in all areas, not just one or two. All
.
w
Council members must be in agreement the candidate fulfills all criteria. Therefore, the more
information submitted, especially supplemental information such as newspaper clippings, copies
of awards, statements from other people, and so on, the better.
a. The applicant must be a resident of the Eagle County School District and a
resident of the Town of Vail enrolled either as a sophomore (l Oth grade) or junior
(1 lth grade) at either Battle Mountairi or Vail Mountain School as a full-time
, - student. In the event an appropriate candidate from within the Town of Vail
boundaries cannot be found, consideration will be given to a full-time student in
these categories in RESOJ. -
b. The applicant shall have accomplished something special either through
academics, athletics, civic activities, fine or the performing arts.
c. The applicant must exemplify ideals which set standards for other students in all
facets of their lives.
D. The applicant cannot be older than nineteen (19) years of age.
IV. PROCESS: Candidate nominations must be received on the form supplied by the Vail
Town Council. That form is attached. The form must be received by the Town Council no later than 5:00 p.m. on Friday, November 20, 1998. The Council will then review the candidates and
grant final approval. Applications may be mailed or hand-delivered to:
Pam Brandmeyer
Town of Vail
75 S. Frontage Road
Vail, CO 81657
, V. AWARD: Awards will consist of a silver cup bearing the recipient's names to be placed on permanent display at each school, a plaque that will hang in the Vail Municipal
_ Building bearing the names of the annual winners, plus winners' expenses necessary for a
recipient to travel to, work in, and experience the tourism industry in a foreign country
that has ties to Vail. The location, length of such work/visit, and living accommodations
will have to be arranged by the end of March through the Sister Cities/Vail Valley
Exchange and the Award recipient. The Award will be presented to the recipients by the
Vail Mayar or a Council member at the recipients' annual school awards ceremonies.
SN/aw
~ APPLICATION FOR VAIL EXCHANGE
NAME:
YEAR LEVEL:
REFEREE: .
(written reference not required) -
Please answer the following on this sheet / or attach to application (two page limit)
* Describe how you would present the Delatite Shire and its unique qualities to the
Vail community. ~
* Elaborate on the skills and amibutes which you consider a.re needed to represent
the Shire, and in fact Australia.
%'M VAIL STI,'DEKf EYCHANGE
" SEP. 9. 19981 8:36AM MORGETF--WRLKE RS50C. 4l4 `NG. 1445' P. 1/5"
~ xc : Tc
.
V• ~l-Resorts, INc.
contacc: Eric Ytesnick
Managing Direaor of 5traugic Plamsing and investor Relations
Vail R,esorts, Inc.
970-845-2490
For Immedixte Ytelesse Robert P. Joaes/F.d Bimoll'heresa Schiliero
Miriam Adler /Leslie Feldman Finmicial Media Contact
Morgen Wallke Associates .
(212) 850-5600
vAII. RESORI'S REPORTS RECORD RFSi1LTS FOR FYSCAL X.EAR 199s
Resort EBIIDA Grows 21. 446 to 3106.1 Willio.t -
Non-Lift riclet Revrritnt ficreases to 5896 of Tota( Resort Revmues
vail, Co, september 9,1998 - vail Rcsores, lnc. (]KYSE:MIN) tflday aanotmcxd
fiwncial results for the fiscal yeat and fourth fiscal qusne,r ended July 31,1998.
Pro forma Resort Revenue for fiscai 1998, wbich exGludes mvenue from t+eal escate
operatians, roso 20.0% to $350.5 million overthe $292.1 million reported for fisca11997. Pro
forma Total Reventtss, which includes Tevenues £mm real estate opmations, increased 18.60/o to
$434.7 million veisus the $366.5 million in thr. last fiscal year.
Pro farma eamings from resort aperations beforc interest, income taxes, depreeianon,
and atnorti=tioa ("Resort EBTTDA") for the twelve-month perriod grew 21 _4% to S 106.1
million from $87.4 millioa i?n fma11997.
Net Iacotue, on a pro foruia basis, for the fiscal ycar was 530.1 rnillion, or $0.87 per
diluted share, campared to $26.0 million, ar 50.75 per diluted sham in 1997, a 16.01/a increase
in earnings pCr diluted share.
Resor[ Revenue for the fwrth quarter of fisca! 1998, on a pro fotma basis, grew+ 36.0'/0
to $26.3 million from $193 million in the compamble pcriod last year. Pro forma Total
Reveaues increased 66.9% to $44.7 million versus S26.8 million ieported in ihe fourth fiscal
quazter last year.
For the fourth fiscal quarter, the Company reported a pxu forma Resort EBITDA loss
- more -
PO Box 7 . Vail, Colorado . 91658 . phone 970 845 5720. fax 970 845 5728 W
SEP. 9. 19981 8:37AM MORGEN-WRLKE R550G. clt `N0. 1445' P. 2/5'w
of S 13.3 million versus a loss of $ 13.0 million in the foteA fiscal qvarter last year.
Ibe prn forma net loss for the fourth quarter ended Jeily 31,1998, was S 16.8 rtillioa, or
50.48 per diluted share, corapared to a pro farma net Ioss of E15.4 million, or $0_45 per diluted
share for the same period last year. Th,e loss for the quarter was anticipated due w the
sessonaliry of the ski busutcss.
Adam Aron, Chairmart and CEO of Vail Resorts, commcnted, "Fiscal 1998 has bew a
highly successStil year for our Campany. Driven by the many iunprovementg vail Resons made
. to enhaace the gvat expericnce az ouz resorts, the successful acquisition during fiscai 1999 of
three major hotels in our base azeas, aad stmng performance in each of our operating
businesses, our Company has achieved record financial resul.rs once again. With 30'/e growth
in our non-lift ticket business this year, we also arc cxtrtmely pleased with the success of out
revenue diversification saatep?. Non-liR ticlcet reveuues npw comprise 58% of aur total Resort
Revenues, up from 54% in 1997 nd 45% in 1992. with all of these achievements as s st=g
fotndabon, we believe Vail Resorts is wel) positioned £ar the future."
Pro forma reseilrs assume tbe acquisition of Breckemidge and Keystone resorts and
Vail's lnitiai Pablic Offering (Ip0) occtured at thc begiming of the ptriods ptesented, rather
thaa the actual January 3, 1997 acqnisition date and Febiuary 4,1997 IPO date. Pro fortna
results also exclude the ope:ations of Arepahoe Basin, which vvas divcstcd in 5eptember 1997
pursuamt to a consent deeree with the United States Depaitment of J'usdee_
Vail Reso:ts, Inc. is the prtmier mouantain icsort operator in North A,merica. The
Cornpany operaties the Colorado mountain nesorts of Vai1, Beaver Cnxk, Brzckem;tdge and
Keystone. - " "
Statwnenrs in rhLs press,elaue, orher thon stamnehu of hlsrorica! ir fosniazFa,, an forwmd !oolrir,g sraremdws
Niar are nade prrmra9r ro tlre saft htvbor provisions ojll?s Pr+?am SecLrlrta Liggalion Reforhe Aor pf 1995. SKCie
fonvar'd-lenkM rtatcinenn are subjeci ro ce?ain rrsles and uncertairuiu tlear carild came arlr,ml reaulta ?o diffar
a+aterially from ti,ose ptoJecred Reoderi am caoreiadtd ?tot to ploce rrnde raliance on rlrse J6rwcrrdlooAzng
staremer,ts whecte speak onfy as ojtl,a dota 1,oeoj. Sucb rrshr ap,d w,certarirrfes tr,cIwdr, brd me nor /tnitsd ro.
gemral business ond scanoRrie conatttlons; eompehtive focrar in Nre ski wd resart indusby; and the weatiier.
Invesrors arc also dnected ro wher risks d/scusnd in docuwenu fded by tbe Gwr+ya?ry wah fJ+c Secvrities Q?ed
Etchcnge CanrnistlOh,
(tableS t0 f0110W) '
SEP, 9. 19983 8:38AM P'IORGEN-WRLKE ASSOG. 21" 'Na. 1445' P. 3/5':~
- Va1 Raorb, bc.
Consolidated FiuanCial Statemettts
(in thoussads of dollus exccpt pa s6ete amoaias)
=PROF'ORMA-
Three Months Ended luly 31, Twelvt Months Ended laiy 31,
. 1998 1997 19980) 19970JI
Na Rmrnie:
Resort 26,303 19,334 350,498 292,127
Reai estsu 18,417 7,466 84,177 74.356
; Nei R,ev00ues 44,720 26,E00 434,675 366,493
Opersting Lxpeottises; ' -
Resort 38,337 31,665 238,889 200,498
RW estate 15,118 9,454 74,057 64,646
CarporroE eupmse 1,230 717 5,543 4,236
pepreciation aad amortiudon 11.802 9,735 4Z965 37.997
Reammiraaon chage 2200 2,200
Total opersting eqxnses _ 6di a7 51,801 361,454 309.567
income (loss)fitim operauons (21,767) (25,001) 73,2Z1 56,916
Odser income (expenae)
invertment imome 509 509 2,174 2,741
. Ia+,erest expase (4.827) (4,245) (20.891) (16,799)
Gain (loss) an sale of fixed assets (2,094) (65) (1,788) (146)
Odter (4 1§1 237 (1,21 (722)
incame (lOSS) bgfare a1come s37ces (2$,584) (28,565) S 1A99 a1,990
Credit (proviston) for income taxes 11,800 11,926 (21•426) (17,385)
Net incorac (loss) (16,784) 16.739 301073 24,605
Basic weigbted average shares 34,419,548 33,361,157 34,080,69b 33,262,843
Buic oammgs (lost) per cammoc? sharc S 0_49 S 0.50 S 0.E8 S 0.74
Diiuted weiahbed svcrage shares 34,891,482 34 3_ , 95,376 34,674,651 34,398.771
Diluted esrnings (loss) per wnfi4on share S Q.43) S 0.49) S0.87 S 0.72
Rcsort Opaating Da;") -
Reson Cash Flow (12,034) (12,331) 111,609 91,639
Resort EBITDA (13,264) (I3,049) 106,066 87,403
0[her Data:
Nu income (bss) (16,784) (15,380) 30,073 25,966
Diluied Cecnings (loss) per share comrnon share S (0_48) . S (4_45) S 0.87 5 0.75
Real Fsta[c opastiag iz+come 3.299 (18) 10,120 9,710
(1) Iucludes resuln of Lodae at Vail, lnn ai Keyscone, and Cn;at Divide Lodge fian their respeetive aequisi6on dates of October
7, 1997, January 15, 1998. end petober 1,1997.
(2) For eomparative puiposes, corporate expense accludes a ono-vme 58.5 rnillion non-recurriag eharge.
(3) Pro forma tssults assume Vdil's IPO and the Acquisition of rbe Krystone end Breekenridge raou occurred ac the beginning
of The petiods prcsented, ruhet than the scosal Jamuary 3, 1997 acquisicion dau and February 4, 19971P0 dau.
(a) Rcsorc cash flow, resort EBiMq„ net income end eamines Dcr shate uttder `ttsott operating d3[2" and "othu dara° were
calcufated foc eornparahve puaposes excluding the one-tiroe, pre-nx S2.2 mitlion reergsnizuion eharge inaurred ia rhe fourth '
quarter of 5sca1 1997.
r" SEP. 9. 19983 8:38AM ?'lORGEN-WALKE ASSOC. 212 ENp. 1445' P. 4/5r-
vw7 Raorts, Iae.
Consolidatod Finaacial Statements
(in ehovsands of dvllars except per share amouna)
wcrUAL,W
'Ihra Months Ended July 31, Ten MartthS Etided kly 31,
1998 1997 19980 1997m
NC[ lZevtnaa
Reswt 26,303 19,334 336,547 248,511
Rod esmk 18,417 _7.466 73.722 61,104
Net Rc+enus 44,720 26,600 410,269 309,615 ,
oPwatin6 EXPCRM
Resan 38,337 31,665 217,764 153,212
Real estate 15,118 7,484 62,619 54,944
cmpom cxPmft 1,230 717 4,437 3,557
Depseciatim md amottizaean 11,802 9,475 36,838 27,604
RwrMind0~ dmgc - 22M 2.Z00
~
rosaloparaadngexpeases 66,487 51,541 321,08 _241,517
Income (loss) figm oppcstiaw (21,767) (24,741) 88,611 68,098
Ekha ftmme (wqpense)
Investment income 509 509 1.794 1.372
[Aticreat expense (4.827) (4.517) (17,789) (17„236)
Gain (loas) ots sale of fuced nssds (2.084) (65) (1,706) (100)
Odff 415) 237 36 87
Inwme (loss) befom incotqe taxes (28,584) (28,577) 70,164 52,221
Credit (prvvisiou) for lncorae taxes _ 11.800 11.859 0.a46) C21,781)
Net mwme (loss) (16,784) 16.715 412018 30.440
Buic weightcd sverage shar+es 34,419,548 33 4~ 79.649 34,203,929 28 7~47,Z04
Basic aminds (loss) per eomman sbere S 0.49 S OSO) S 1.20 S 3.06
Diiuted wctghted avemp shares 34,881,482 34,741,661 34.7 29,916,755
Dilubed eatainga (bn) per corrimon sham S (0•4g) S- 0.48 S I_ 18 S 1.02 xesorc Opexeting I)aaa:
Resor[ C.ash Flow (12,034) (12,331) 118.783 95,299
Rma EBITDA (13,264) (13,048) 114,346 91,742
Odher Data:
R,tal Fstate Operating Income 3,299 (18) 1111M 6,160
(1) Acmat rcsults are based on Yail's Cscal yar ch=ge (fton Sepmmber 30 to July 31 yeat end) aanouaced oo November S,
1997. Accordingiy, dw Comp9ny's fiscal yar 1998 wiU tnd On July 31, 1998 md cons;st of the te[1 moRth petipd frm
Octobei 1, 1997 to July 31, 1998_ Far comparative purposes, prp foema jpfprmsti,an ,ssum,es a twelve montb fiseal year
beginning Apgnss l, 1997 and eDd"wg Jyly 31, 199$,
(2) Includes resulrs of Lodge at Va'll, Itiu arc Xeystone, apd Great Divide Lodge fran theiur respenive acqqisition dateg of pdober
7,1997, 7muary 15,1999, aid October I, 1997.
(3) wetual results reflat VaiPs IPO end rbe Acquisition ofthe Keystone ard Breckenridge rosans ftrn rbe acalai January 3,
1997 a¢quisioon dau and February 4, 1997 IPp date.
SEP, 9, 19983 8:39AM MORGEW-WALKE A55UC:. No. 1445' P. 5/50b
, VYfl R@SOM InG
Pro Fomia Supplemental Data
(in thousa,nds)
4Q98 4 7 '/o C6ange FY98 FY97, % Ch!Me
ReSOrt Revenue
Wiater Lift Tickets $ 670 $ 873 (23.3%) S 147,128 S 135,827 8.3%
Slci School 8 26 (69.29K) 38,647 34,462 12.1 %
_ Diniag 6,399 4,865 31.5% 52,371 43,099 21.5%
RetsiVReIItal 1,072 748 43.3% 20,799 17,165 21.2% Hospztality 8,071 5,365 49.9% 47,128 34.065 38.3% Other 10,083 7,437 35.6% 44,425 27,509 614°1o
Tote1 Resort Reventuss $26,303_ S19.334 36.0% $350,49$ S29 1.27 20.00/9
Tota1 Slier'Viaits 11 52 (78.80/6) 4,717 4,890 (3.5%)
zm= -
Key Balsnce Sheet Asts: July 31,1998
Kcal tstate held for sale 1380916
Total stockholders' cquity 462,623
Total debt 264,014
X.ess: casb; and cash equivatenu 19,937
Net dcbt 264.077
~
t
4VAIL&
TOWN O•~ ~
75 South Frontage Road ~
Vail, Colorado 81657
970-479-2100
F 70-479-2157 . . 1 . . .
TM
MEDIA ADVISORY
- , September 9, 1998 . Contact: Suzanne Silverthorn, 479-2115
Community Information Office
VAIL TOWN COUNCIL HIGHLIGHTS FOR SEPTEMBER.8
Work Session Briefs
Council members present: Armour, Arnett, Ford, Jewett, Kurz, Navas
--Site Visit Regarding Model Traffic Code
Councilmembers boarded a bus and toured several neighborhood streets to experience new
speed limits proposed in the Model Traffic Code. The Police and Public Works departments
have recommended decreasing the speed limit from the Model Traffic Code on numerous
residential streets, based on results of a traffic study. The Model Traffic Code, revised by the
Colorado Department of Transportation in 1995, provides a residential speed limit of 30 mph.
To lower the 30 mph speed limit requirement, the Code requires that speed studies be
conducted to justify reduced speed limits. Traffic studies reflect what 85% of those surveyed
travel at on selected roadways within the town (as opposed to the actual "posted" speed).
Yesterday's site visit included the Frontage Roads (currently under the auspices of the Colorado
Department of Transportation), West Gore Drive in Matterhorn (posted at 15 mph/with 85%
driving 20 mph), Chamonix (posted at 25 mph with a reduction to 15 mph on the down side of
Arosa with 85% driving 26 mph); Main Gore Drive in East Vail (posted at 15 mph with 85%
driving between 23 and 24 mph); and Meadow Drive (posted at 15 mph with 85% driving at 26
mph). Additionally, stop signs, trees and foliage on town right-of-way that obscures pedestrians
and other traffic, among other items, were discussed. The Town of Minturn's "clear sight
ordinance" was discussed, although the town would have the ability to remove vegetation where
necessary through adoption of the newest Model Traffic Code. (See following page for additional
details).
--Site Visit and Appeal of a Design Review Board Decision Denying a Request to Construct a
Detached Accessory Storage Unit Adjacent to a Duplex at 5064 Black Gore Creek Drive
In preparation for the appeal noted above, the Council toured the site and later voted 6-0 to table
the issue to the Sept. 22 meeting at the request of the applicant.
--DRB Review
Questions from the recent Design Review Board meeting included a clarification on the Vail
Interfaith Chapel's application for a new building addition. Because the proposal encroaches on
the town's streamtract, the Town Council will be required to vote on the development plan. That
action is scheduled for Sept. 15. The Council also inquired about conditional approval of a new
entry addition to the Vail Village Club, which requires additional screening of existing mechanical
equipment.
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RECYCLED PAPER
{
Add 1/TOV Council Highlights/9-8-98
--1998-1999 Parking Program Discussion
The Council voted 5-1 (Jewett against) to approve the following parking policies for the 1998-99
ski season:
. • Daily parking rates will be increased incrementally by $1 beginning at the 3-hour mark
with a fee of $15 for a 24-hour period, up from $14 last season. Daily parking rates
haven't been raised in four or five years. The estimated $150,000 in increased revenue
will be used to offset other parking subsidy programs.
• "Park Free after Three" will continue for another season.
• Prices for the Gold ($1,100), Blue ($525) and Debit ($5 per enter/exit) cards will remain
unchanged. Parking in the Village structure for Blue and Debit ca"rd holders will be .
restricted from, approximately Jan. 4 to Feb. 15 due to use of the parking structure's top -
deck for the 1999 World Alpine Ski Championships. Card holders will have unlimited
access to the Lionshead parking structure all season long.
• Valet parking at the Golden Peak base area will continue to be operated by a private
vendor.
During discussion yesterday, Ludwig Kurz and Rob Ford each expressed disappointment at the
lack of promotion of the "Free After 3" program by the business community last season. They
encouraged merchants and restaurants to increase those efforts this season. Bob Armour
reiterated his opposition to the "free after 3" parking program, noting that sales tax collections in
the commercial core areas last season didn't cover the free parking losses. Instead, Armour
said he would support a"Drive After 5" concept. Sybill Navas countered Armour's reaction,
saying she considered an increase in parking transactions to be a success for the town. Navas
. also suggested consideration of allowing debit card holders to park inside the Village parking
structure (rather than on the top deck) during the Ski Championships. Michael Jewett said he
couldn't support the parking policies, saying the $1 increase in the daily fees beyond the three
hour mark went too far. Also yesterday, Jack Curtin of Curtin Hill Sports asked for additional
flexibility during the proposed six-week closure of the top deck of the Village parking structure.
For more information, contact Larry Grafel, public works/transportation director, at 479-2173.
--Discussion of Model Traffic Code
In a continuing discussion of the Model Traffic Code (see site visit description above),
councilmembers approved the following schedule: a list of residential streets whose speed limits
would change as a result of the town's recent traffic study will be prepared and disseminated to
the neighborhoods this month, as well as copies of the traffic studies; the council will then invite
affected neighborhoods to discuss the proposed changes at its Oct. 6 work session. Ludwig
Kurz suggested clarifying information about the Frontage Roads, which would require review
and action by the Colorado Department of Transportation rather than the Town of Vail, due to
jurisdiction issues. Bob Armour clarified that Vail's proposed version of the Model Traffic Code
should continue to allow rollerblades, bicycles and other wheeled vehicles on Vail's streets and
roads. For more information, contact Greg Hall, town engineer, at 479-2160.
--Wheeled Vehicles in Village and Lionshead Pedestrian Areas
After a brief discussion, the Council directed Police Chief Greg Morrison to explore the concept
of dismount zones within the commercial core areas of Vail Village and Lionshead. At issue is
who might be regulated (bicyclists, rollerbladers and/or skateboarders); what geographic areas
are to be considered; and what businesses would be impacted. Michael Arnett cautioned that
such a policy would require a balance in not only making the villages safe for pedestrians, but
also allowing viability and accessibility to the shops that rent bicycles and rollerblades. Sybill
Navas asked that Morrison evaluate the possibility of banning wheeled vehicles from stairwells, '
while Ludwig Kurz said it will be important to evaluate the impacts of potentially shifting problems
to other geographic areas. Bob Armour, who serves as president of the Colorado Association of
Ski Towns, has been gathering information from other areas. He said Steamboat Springs,
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t
Add 2/TOV Council Highlights/9-8-98
Telluride, Aspen and Beaver Creek all have dismount zones. Although not a new topic, the
issue was resurrected recently when several merchants expressed concerns about possible
abuses by skateboarders at the newly constructed Seibert Circle. Morrison said he'd bring the
topic back to Council for discussion at the Oct. 27 work session. For more information, contact
Morrison at 479-2209.
--Council Reports
Sybill Navas, who just returned from a town-sponsored Sister Cities trip to Mt. Buller, Australia,
said she would present a detailed report at an upcoming meeting. Michael Jewett inquired about the Council voice-mail system and confirmed that an option to
deliver constituent messages to all seven council members at once is now in place (although
seamless to the public, there is a delay in delivery of these messages as they are being
forwarded by a staff inember until the town upgrades its phone system). Also, Jewett shared a
consistent request to set aside several parking spaces in the town-owned lot near the hospital to
be used for short-term parking tor those accessing the hospital's drug store. The lot is currently
designated for use by employees of the library. Council has previously asked staff to review
parking requirements and other agreements surrounding the hospital complex. In addition,
Jewett suggested finding an alternate meeting space for the Sept. 15 discussion on Common
Ground, noting that as many as 150 people are expected to attend the evening Council meeting.
The occupancy load for the Vail Council Chambers is 220.
Ludwig Kurz, who represents the town on the Channel 5 Board of Directors, invited fellow
Councilmembers to tour the Channel 5 facilities. A tour date will be arranged.
--Other
Sybill Navas echoed Kevin Foley's earlier comment about the need to replace the tot lot in
Lionshead.
On behalf of a constituent, Michael Jewett clarified that Town of Vail saies taxes apply to
residents who lease vehicles.
UPCOMING DISCUSSION TOPICS
- September 15 Work Session
Joint TC/VRD Work Session
PEC Review
Discussion of Dotsero-to-Vail Bus Route
Multi-Family GRFA Discussion
Second Quarter Financial Report
Review of Approved Plan for Vail Chapel
September 15 Evening Meeting
First Reading, Supplemental Budget Ordinance
Common Ground Presentation, RE: Alternative Housing Suggestions
Rails and Trails in the Eagle and Vail Valley by M.K. Centennial
September 22 Work Session
DRB Review
Demonstration of New Web Site Link for Second Homeowners
- Contribution Requests Along with Discussion of Business License Fee
Presentation by Community for Our Kids Future
Site Visit and Appeal of PEC Decision/G. Amsden, Timber Falls
Checkpoint Charlie Design Update
# # #
a
~
•
~ ~
1~
TOWN OF VAIL
~
75 South Frontage Road . ~
Vail, Colorado 81657
970-479-2100
.
FAX 970-479-2157
FOR IMMEDIATE RELEASE T^"
September 9, 1998 ,
Contact: Mayor Rob Ford, 479-1860
Mayor Pro-Tem Ludwig Kurz, 479-1860
VAIL TOWN COUNCIL MAJORITY SEEKS COMPROMISE ON COMMON GROUND
PROPOSAL WITH OFFER TO DEFER DONOVAN PARK SITE AND ELIMINATE
USE OF RETT AS FUNDING SOURCE FOR HOUSING
(Vail)--Saying it's time to move forward on the affordable housing issue, the majority of Vail's
Town Council are proposing additional compromise on the Common Ground plan adopted
June 30. Speaking on behalf of the Council majority, Mayor Rob Ford says the Council is
prepared to make fundamental adjustments to the Common Ground plan at its Sept. 15 evening
meeting. The Common Ground plan is the product of a series of public workshops held in April and
June. It identifies 12 town-owned, undeveloped sites throughout Vail for use as affordable
housing, in addition to other sites recommended for open space, parks and community facilities.
Since its adoption in June, four lawsuits have been filed to block the plan. And despite the "
town's efforts to move forward with discussions on a site-by-site basis, those efforts have been
met with resistance by two of the three affected neighborhoods identified for housing in the
plan's first phase.
"We've been hearing some real fundamental concerns from citizens about two big issues--
open space purchased with RETT fundsarn! the use of RETT funds for housing," Ford said.
"As a result, we're prepared to amend the Common Ground plan in the spirit of compromise as a
way to deal with those concerns. "
Ford says the Council is prepared to eliminate the Real Estate Transfer Tax as a future
funding source for housing within the plan. A second compromise would defer town-owned land
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RECYCLEDPAPER
r
~
e
Add 1/Common Ground Compromise
purchased with funds from the Real Estate Transfer Tax to be considered for housing as a last
resort. These changes would result in moving the three benches of Donovan Park from phase
one to phase three, the Mayor said, essentially leaving a future decision on this land to a later
time. The compromise would also result in maintaining the current limited use of RETT funds for
the purchase of open space and recreational or park purposes. The four other funding sources
identified for housing in the Common Ground plan would be retained, according to Ford.
The Council compromise has evolved over the past few weeks from conversations between
council members and the community. "We've been listening to the community for the past two-
and-a-half months," Ford said. "This approach is reasonable and responsible in addressing the
community-wide concerns that have been consistently expressed since June 30 and will help get
our housing program moving."
Both Ford and Mayor Pro-Tem Ludwig Kurz have directed town staff to prepare a new
Common Ground resolution reflecting the changes outlined above. The new resolution will be
considered by Council at its Sept. 15 evening meeting. Also at the Sept. 15 meeting, Ford says
the Council will consider adding additional citizen suggestions to the town's housing program, as
well as review a list of ideas that will require additional research. To date, citizens have
submitted 80 comments or ideasregarding the housing issue. The suggestions range from
looking at other sites for development, to greater involvement of the business community, as
well as creating incentives and flexibility for current homeowners to address the housing
problem. "We anticipate this list will grow and will become part of an ongoing community
dialogue," Ford said, "with additional compromises continuing to occur each step of the way."
Ford said the current modifications suggested by Council represent the second large-scale
compromise enacted by the Town Council. On June 30, as a result of citizen concerns
expressed, the Council removed references to proposed densities for the housing sites and
reserved use of RETT funds for housing only after all other funding mechanisms had been
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~
.
Add 2/Common Ground Compromise
exhausted. "We knew finding acceptable solutions to the housing problem would be taugh when
. this Council unanimously agreed to take it on last fall," Ford said. "And we were right. We're
making a good faith effort to move this plan forward with the commitment that compromise and
flexibility will continue to occur at every step. We have a responsibility to do what needs to be
done to get this community moving forward again in addressing the housing program."
Mayor Pro-Tem Ludwig Kurz, echoing Ford's comments, said "People shouldn't see Council's
willingness to continue to compromise as a lack of commitment to addressing the housing
problem. It's a very real problem, and iYs got to be addressed. We've said all along we wanted
the community to tell us what they think when it comes to solving this problem, and that's whaYs
happening."
At the same time, Ford says there's an expectation from the community to move the initiative
forward, which is why the Sept. 15 meeting also will serve to establish next steps in the Common
Ground process, which proposes neighborhood discussions to guide development of affordable
housing sites in the West Vail and Lionshead neighborhoods. As proposed, those discussions
would focus on two town-owned parcels included in phase one of the Common Ground plan: the
perimeter of the Lionshead parking structure and the parcel at the intersection of Arosa Drive
and Garmisch. The Lionshead parcel would be evaluated for seasonal housing, while the West
Vail parcel would be analyzed for use as a neighborhood park with a mixture of for-sale housing.
The Sept. 15 Town Council meeting will begin at 7 p.m. in the Vail Town Council Chambers.
Advance copies of the proposed amendment to the Common Ground plan, as well as a
categorized list and staff evaluation of the citizen suggestions will be avaiiable from the
information desk in the Vail Municipal Building beginning at 2 p.m. Friday, Sept. 11. In addition,
town staff will be available to review the materials with members of the public from 1 to 3 p.m.
Monday, Sept. 14 in the Community Development Department. For more information, contact
Andy Knudtsen, project manager, at 479-2440.
# # #
~ T'own csr" ilai!
5ales Tax Worksheet
9/1 G/98
% Change % Change
7998 duaget nom vom
M6nth 1987 1988 1989 1990 1981 1892 1993 1994 1995 1886 1887 8udget CoflecfJons Verlance 1997 ::;::;:~;EE:::r:';;ii:::i8::;:;;;:iR::s:;r:ir:i:;:;;::Sr::;;:a:R;;:;:;:>o-:<•:s>:>:.:::o;:;;»::•:>;;;s;>;:.;:.::. ~ Bud
. go
January 1,063,196 1,126,496 1,465,870 1,599,123 1,7i3,091 1,709,654 1,855,364 1,805,707 i,894,597 1,935,782 2,052,569 2,076,931 2,112,689 35,758 2.93% 1,72%
February 1,135,786 1,205,101 1,561,286 1,695,850 1,737,343 1,780,568 1,828,766 1,814,495 1,816,107 1,993,389 2,089,673 2,121,757 2,150,605 28,848 2.92% 1.36%
NSarch 1,378,782 1,591,705 1,939,758 1,897,718 2,051,820 1,977,995 1,988,090 2,250,656 2,139,298 2,240,865 2,580,992 2,614,841 2,363,254 (251,587) -8.44% -9.62%
Aprii 425,961 550,205 567,684 634,174 616,648 691,163 864,303 794,668 791,092 966,993 874,427 881,575 1,104,871. 223,296 26.35",0 25.33%
May 245,518 170,567 215,548 236,359 250,809 268,000 257,248 287,315 324,681 318,920 329,783 328,723 380,232 51,509 15.30 % 15.67 %
June 331,581 329,039 393,470 448,227 468,948 468,598 475,161 548,820 590,685 594,907 630,366 642,504 630,515 (11,989) 0.02% -1.87%
.1uly 479,201 559,683 649,139 665,094 737,288 742,750 871,538 882,830 893,483 963,717 1,043,637 1,060,879 1,070,963 10084 ° o
; s>;><»:a:;;_:>s»s>;:s:~: : s>:;»:>:::z;:;>:;<;:,;;;;;>;::;:;: 2.62 /
~ 0.95 /
Total 5,060,025 5,532,796 6,792,755 7,176,545 7,575,947 7,638,728 8,080,470 8,394,491 8,449,943 9,014,573 9,601,447 9,727,210 9,813,129 85,919 2.20/
^ 0~~
.
aa i
,
August 536,904 575,887 668,119 678,071 761,992 767,257 825,954 891,566 807,125 990,650 1,073,430 1,090,762
Sep4emi5er 442,402 422,502 469,032 482,328 491,684 485,954 560,535 725,205 645,902 630,453 637,831 642,504
October 273,951 291,204 335,740 364,002 324,802 367,578 400,525 408,405 4^01,791 413,573 472,836 478,142
November 386,270 376,235 430,820 438,731 428,086 497,907 553,681 594,491 511,147 601,208 707,166 717,214
December 1,245,612 1,455,948 1,615,278 1,625,219 1,691,775 1,846,223 1,974,553 1,992,855 1,994,540 2,068,851 2,254,709 2,286,119
Total 7,945,164 8,654,572 10,311,744 10,764,896 11,274,286 11,603,647 12,395,718 13,007,013 13,030,448 13,719,308 14,747,419 14,941,951 9,813,129 85,919
9-10-1998 1_16PM FROM VAIL PUBLIC LIBRARY 1 970 479 2192 P_2
The dotlar rose aimost 4 Pe.rce°t cial markets the last tvVO muvuu. cut corporate earnings and the h;gh on Aug. 11, attnougu
against the Japanese yen on The &c1~ some analysts ar- Stwk market. In the end, the eco- despite Wednesday's rate cut,
W edjxSdaY cfed a surp ~nse e t in g1e• ~~turbing becsuse it is an- nomic sloKdown and stock markei sti[I aot put many significant
bank aanou ather indication of how the gfobal ~~es would force the Federal cy ¢hqnges into effect.
an important interest rate_ economic crisis is having an 'nten- Rnerve to cut iaterest rates. indeed , some anaiysts sud l
_ But tbe sudden su~ ~37 hich sifying effect on the United States.
. pdshed the dollar up Y~, The suggeslion last Fridap bp tbe Ja~adn p t~a b c~ d se
- hides the real surprise about the 7'!?e drop in the dollar's value~ rebound agamst the dnlla.
• dollar's recent performance ~ap~i~ sa g~~ ~Le~ ~t ma~ t~},at i~t wou~1d Co ~aethe UaS. Befon Wednesday, the do11er wi
i sgainst both t6e yen and the Ger lo~al a~isis v~ili s read to Lat- eut if the ~oe~d has onlq bol- off roughly 10 percent•
P ~
~c?an mark Tbe Amencan curren- the g
ey has Weakened agai~t these two in America, weakening tbose econ- ecooomy
poL
Vail Resorts tnc. fl •Sral-year resutts Old mal1
z V
ai1 f~esorts Ine:s revenues tor non{'~t-ticket products showed the most growth
Reveiiue r during fiscal t99H. Sates at restauraros, retml stores, rental she~ an n f~d9i^9 ~a~ get
0 • ious yeau. V~a'~t smrevenuMesI fo~fiscel Years 1997 arod 9~ compared:
(In thousands)
- 3_ for Vail •
Resort Heven ue Fiscat yesrFiswl year'97 % ~~e protectiol
~ .
>
Si 827:
ll ~4 . .~.e
~yt96 ZY Te^!=inSWM
. pw .
b- 847
Ski school 38... 34462
.
-
2.12W ~23,a
end- ~j~ 17165> oo fox ~ay
n~a
C(~rrie re
,en 61.596 Sy Penay Patker
sg- (IeCuue 111 skier V1SitS pthef 44,425 V 27,509 De~+va P~c 9usiness WA1ef
727 20.0%
up Sg,y~,q98 5292.
•bal By Penny Parker Yota) reve~tiues 4,890 -3.5% The Westminster F~mic
oerwff, pase eusiness wr,eer Total skier visits 4,717 velopmmt Auth~* POW °E#
ess Vail Resorts InC., in its year-end Y?,e genw Pou notice Tuesday aW that tbe ag
to prok~t the
fu~aacial results released Wednes- so~e: vO ~sora plans af the Westminst~' l~all.
la- day, continu~ t0 PiO°e ~t ~ managidirector of
~ ~-~rt busu,ess is not jnst about s~~s dollazs;' said Stacy Focbes, Resnick, n% w~~~~r's devtiopnne~n.
selliug Iift tickets, a stxk analyst that toAows Vail strategic planning aad investor re- a$y3,ppp
s guests en- ~~?~Y ~ g~
io
hi~ lYs about selling a lot mare far 1~o partners Inc• in Denver_ lations for Vail_ ` It help assesa the city'
loves, hats, ~t that the non the experienc.e and it Pi~ ~]c,e recomsneudations to revi
iata hamburgers, lessons, g •'We ez -lift-w t a the shareholders." u rade the 2E yearold
ives and tiotet rooms, and renting out nv~ue v~nu continue to gro r~ cl~ed at ~ Pg
more equiPment - especiauY dur- taster rate thsn the actnal lift-tick- Vail's price Pe~ 50 cents, and ~ aeat~s
3kges, ing a year when sluer visits are et revenue.,• S23.50 Wednes+da9, a day tLat saw At staYe is i8:5 rnillion in a
~uring the 1997-98 ski sess~~ but that was ated ~piac doan. Dun t the stoek marget slip nearly 156 sales tanes g n~af the ci
Vail's revenue for fiscal 1998, Vail's slaer visits fell 3.5 P~ - or 23 Pemdars, ~ 3u 1 3 1, rose 20 p e r c e n t t o f o r t h e r e s o r t c o m p an y's four P~~•,
o f d i v e r s i f y i n g i t s sales taz bsse• T~ ~~j. ~
$350.5 ~ y cnillion over ~iscal 1997 ~ntaias - Vaii, Beaver ~k, vail s stra t e g Y my?d ~ely ~~d of a tace l i f t, a
escluding revenue from real estate Breckenridge and Keystone. A ski- reven~ue sources ~ty Manager Biil C
~~ve rireceswslry on ~f , ~g ~ ~ threatened 1?Y ~p
Ned- ~l~ er visit equals a lift ticket sold or the economY iP.S ~a~~~~1y ~ pher,
oed a ~ y~ },}uew in real estate given to ene stier or snowboarder g~ th t peoDle cut ont durir?8 c°?sPetition Ln Broomf'ieW_
,c. t o sales, revennes incseese d 18.6 p e c- for a l l o r p a r t o t o n e da y: h times. V a i l c o a l d s t a n d t o ] o s e F t atlron G~, a ne~ a
s~- ~nt t,o $534.7 miilioa compared During fiscal 1998. Vul bonBM ~~an areas, rat6er than Jud der construetion in nei Bt
: and ~th the same period last year. Net ttu~ee hateLs ~ the I:odge at Vail, the ~ 1° ~ ~ t~. BroomCuld, wiu aP~' iIl 2a
at Brecice~idge DillO
a11~ ~'orbes, however, said t?er com- anchors Nord T~~ ~
W,CO' income tor the ftscal year was GreatDividel.odge
=$41 -
with i26 millia~ - or ~osted ledging rev~
,e 75 m~ per sh~'e duriug 1997, year 38.3 percent to i47_2 million1$ 8ddi~t onal 1 16ctot 8 perce~nt per ph~. ~ D~'s anTwu~iceff
g ~ V a s l s~ 1- l ift- t k i ~ e t b u s i ness in- Vai1 also aCquiied or opeaed ~e next thlree to f~'ve mouth that rtw~d ~Om
active creased 30 perces?t during fiscal restaurants during t he s ki s e a s o n, y e a r d u r i[? g
~eels 1998. Non-liftucket revenne rose 4 which belped drive restaurant sales ~°in liEt bticket dre cveues or v A~sr reaul rO t o f~the$Scqui
percent from 1997 to 1998 to 58 up 21.5 percent to $52.4 million• ..Q basic gist is we continue w Joslin'9 parent comPanY
Marti- Percent of total resort revenues. In Retail aztd rentai equip
ment rev-ciall 1992, non-lift-ticket revenue was eoues jumped 41.2 percent to;20.e ~ y~gwl f mom ntum goy nt stake in tl~e W st~?`
~y~ 45 percent• Those nambe's do not millian durmg 1998 over the senn ~,99 ~~~D with the previously held by the re•
" Forbes arm of Ma'ca~tle Stnres
3p. ~ iaclude the real estate side of the period last year. And sYi schoo! les- ~ve mar- P/!?at Dillard's plans tc
b~m sons increased 12.1 percent to ao~ 5 a~lot of lAposi
i house- " I t' s c o nsistent with Vail's strat~ $38.7 milliom a r t i c i p a t e i n multi- keting and television expasure thHt its~ h a l i o~ f, Chr i e W p h e s
b y egy to diversify their revenue l~ n e s~ O business; ' said Eric ~8ht C~ fO~~ S~Iste that Dillard's W-
sotsces and captiue more of t 6e P the Westminster Mal! for
~ Years remaiaing on thE
. ~e =S toplan economic agenda le~. ~ =atu~ ~
laun~? WOMPIM on boa voell the store pe
because '~e cit}~s d~ to c
national Wom~n's Eca ~in~. aCl 3tC
ial prob- About 200 women business awn- tor of the dur- The Colorado summit will pre- am eeanomic imP
~tr ~ are expected to aitend a Cola nomic Sammit '98, wi11 speak
~ atready rado Women's Ecanoxrt~c Suramef iT' g t1~e conference lunch from paire taken a to the paCkage nat~ofonal summit initiatives to be from W5 b-at
. 2:30 s.m- to 1 P.M. '98 in the mall's other ovr~
mer, and on Fnday at the Downtown Uen the all-day confer- Wlege Park, Md., Oct. 14-16. ~a CbrLqtDPhw s
n architectw'~
~ Irid:um Marriott Ci•ty Center. ^.~;dent of ence, the Coloraao w_omenChame ~gionaismeetiag has been deadoped a ProPmA N° I
. __.:...,.,t far.iiitv at a mt of nP m
RECEIVED SEP 1 1 1996
ROSS DAVIS, JR.
ATTORNEY AT LAW
WESTSTAR BANK BUILDING
SUITE 216
' 108 SOUTH FRONTAGE ROAD WEST
' VAIL, COLORADO 81657
970-476-2414 FAX 970-479-0467 September 11, 1998 -
Mr. Rob Ford Office of the Mayor
Town of Vail
75 S. Frontage Road West
Vail, Colorado 81657
Dear Robo:
After considering your letter of August 13, 1998) I still stand by my
. personal objections to the current Ford Park Parking Plan, however, I do
feel that unless one offers a solution to a problem criticism is
irresponsible, therefore I propose the following framework for a
solution to the parking problem.
PROPOSED SOLUTION
The Town of Vail should take no active part either through its police
department or by the hiring of independent contractors to control summer
parking at Ford Park, except for possibly providing signage that the
Ford Park lots are either full or subject to paid parking on that date.
If a promoter of a major event at the Amphitheater, usually the catalyst
for a parking problem, desires to reserve the parking for its ticket
holders, it should be permitLed to do so. It need only schedule with
the Town Official responsible for administering Ford Park the exclusive
use of the parking lots. Such exclusive use would begin not more than
two hours before the commencement of that event at which time the event
promoter's parking control team would be permitted to cutoff free access
to one or both lots. Permitting free exit of VRD or other users after
their use of the Ford Park facilities. As most VRD users only spend one
to two hours in the park this should be more than sufficient to
substantially clear the parking lots.
The event promoter would be permitted to charge whatever parking fee it
desires, but would be responsible for the payment of all personnel and
related costs. I would also recommend that such personnel be composed
of private security personnel who are trained in dealing with crowds, .
and are already on the promoter's event payroll, if liquor is being
served. In consideration for the exclusive use of parkinq areas, the
Town of Vail would receive 25% of the gross rental receipts (a net
Mr. Rob Ford
Office of the Mayor *
Town of Vail
, September 11, 1998
Page 2
; charge should not be considered), easily audited due to known parking'
capacity, which funds would be placed into a segregated account to pay
for ongoing capital improvements and upgrades to the~ Ford Park-
infrastructure, i.e. landscaping, lighting, additional sidewalks, and
would in part compensate the other users for the exclusive grant given
to the event promoter. -
This plan has the obvious advantage of giving a single user the right to
exclusive use of the parking spaces at no expense to the taxpayer and
would generate revenue for the improvement of Ford Park infrastructure
without bureaucratic growth. It would deflect any criticism of amounts
charged or methods used for parking enforcement from the Town of Vail or
its independent contractors, as the event promoter would have to
consider in his ticket pricing how much the market will bear for its
parking charges.
Once again, I feel that it is best to keep it simple rather than to set
up a system that encourages charging for parking the maximum amount of
time rather than the minimum amount of time at Ford Park.
If you or your staff have any questions concerning this proposed plan,
feel free to call me iously, these are my personal opinions, and do
not reflect an-o-f-fi-cial osition of the Vail Recreation District.
Sincere,l~; /
Ross Davis, Jr. "
RD: ne
cc: Mike Ortiz
Vail Recreation District
P.S. Want to chat about winter Valet Parking?
FROM : THE GENERAL STORE PHONE N0. : 303 476 8015 P02
. ~L
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(nGMfi~ttQl(' D~T ~ KU(-C.5CtiGk. P~v`C.:..1 S~ ir~, ~ C~C%n/t
4`'V~ ~l Sa~ IT 15 Gk Gr{5T5 . ks 0. Govvnv,-,v1i~~ ~ We- 1r1e,~.c-~ i-o
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caUes~~ PG,r~-- C:vi c^,rku` wiVh -At- I,~orl (A. GkcmPlcmDh,vS ~or~~nc~~ny
50 'M~~c)n aA ier~~'-l G~ `~G 1(1~~ ~A,1
Gx6ou`~ Rwy) v vIne.. ex~~7<<h~,e.es tick wl l~ 64, dUt- VU64C.
~~c~,~=?o~s anrnbass~-s ~ -~1reY v~a r Ic~1.
Vi4y p'"Ger,~" pf c~T U~.? `buc~~.-`~ C,~w~es
1
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ouv\.~, ma.( 0-10:k n'i1ne_ ir) 6A Strt.ctl.I rC- o-~- oVr Com,rnu+n;kl 1% cA uat~
pV r Y",OOAS, pc~r1c5 otln~ -~o~o-kAkli e, `VUctA- pravi a.e- -Aine-
c~ua\k-kj
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tZ--venues
~'u+~ v'";1. W ~A'hn& A~b 5c&s ~nuc, Uu; lcawx rnoo- be.
ll&- 6cs re5ori- w- a-ft iw~ iA- IV be.. ~ we ca/n' A,
radutc~ ~le; f~,~+~ -Frrr- ow b0A~~- wti~t~
c
1' kp1~ 1rG"-ace propet4j ~a.xe-s.
W e- YIGIU~' l PmC -eA C7l 51~n I~ C~'~lnn'~ c+JP_Gr e-GLse- 1, n
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"~ai,tC-9--.5 wav,~~ VD DOUa L--Xu +n GA-`Gvx 6
Wory- ~n Va,;1 ~ w6,Vl -A" cgvh c~.oU,,,-N vrAlle,cA ,"rk.. c.6-s0-
}0 ?'10'vvu,. NVVI YJAr k.. Roy- Jr~ .0.+ `iVI rt- ~j C~~ , ~ Ul,v r O+
1
va.~ M~VSi ne~sES ~tcA- ue- -6x~~n cc-I rn,pe-36 ~i CAn oL,v~ V\
i0c"j5 c~ r c> uY -~U~u re- Cw C„ f.3vlc,1e- C:. cAm vM.dm. 0- t A .
Oea5c. aan qe-A-- )o:,+ i n"'kiAer CSSv-e_. 0-~- `I'1r~,Q-
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~I - N- aW e,+n V i u n CA.w cA~kA ~M -m `3t'4- re..c~,` eroblem .
` FROM THE GENERAL STORE PHONE NO. : 303 476 8015 P03
lie.. Ull ~auC, 5orne.7~'.-) J-n gC~n few, soiu
hoosm!) our emplees wiVvitn -na.-
-ourn ov Vc~-\- 1, 1 ~ 4w Care. abc jt -t1\e_- -Pui-u re_ o-$-
vcu l) l ek&. --'ow r) counne. i 1 mart, bps lrx" I Y'O-k - LAtAJ
Sup J~v-r eS05 +r,> 6u( la 6u,t6~ %r caw- employees,
yD~r" vvic.~ roes r~~ ~ ~.~•E~~.re.~c~,
!U i ct4e. F %lnrA n~rt-- E W v, 5
~uc~~ac~~ c~,~•
Gene.rr 5i n rc.
,
~ JULY 1998
4VAIL VAIL BUSINES S
TOWN RE`TjEw
- September 10, 1998 This edition of the Vail Business Review examines July 1998 sales tax collections.
Overal l July sales tax increased 2.9% with Retail increasing .O l%, Lodging increased 4.6%,
Food and Beverage increased 7.1% and Other (which includes items such as utilities, taxable services
i.e. plumbing, electrical and rentals or leases) decreased .5%.
July Events Included
1997 1998
Bravo! Colorado Bravo! Colorado
Budweiser Hot Summer Nights Budlight Mountain Challenge
Ford Cup Invitational Ford Cup Invitational
Grundig World Cup Mountain Bike Race Hot Summer Nights
Heuga Mountain Bike Express Rocky Mountain Regional Soccer Shootout
Vail Hill Climb Vail International Dance Festival
Vail Invitational Skating Championships Vail Hill Climb
Vail Arts Festival Vail Arts Festival
Vail Lacrosse Shootout Vail Lacrosse Shootout
Vail America Days Vail America Days
VBS Summer Bike Race Series .
Please remember when reading the Vail Business Review that it is produced from sales tax
collections, as opposed to actual gross sales.
If you have any questions or comments please feel free to call me at (970) 479-2125 or Steve
Tllompson at (970) 479-2116.
Sincerely,
Sally Lorton
Sales Tax Administrator
JULY SALES TAX
VAIL VILLAGE
JULY JULY JULY
1997 1998 %
Collections Collections Change
;
Retail 2191: 2112430:1
Lodging
a
Food &
,:11 1 11
Beverage 170878 18'1,01
Other 9,98 1.t8 8 ~a.
Total 5071534 520r 11 ° ?
_r
LIONSHEAD
JULY JULY JULY
1997 1998 %
Collections Collections Change
Retail 58,825 - 5,987 -9"°0
Lodging 71,164 71:899 s
Food &
Beverage `71 7%.
Other 6,135 -I 507 ;
, Total 7823511175p89 w4=1
~
JULY SALES TAX
CASCADE VILLAGE/EAST VAIL/SANDSTONE/WEST VAIL
JULY JULY JULY
1997 1998 %
Collections Collections Chan e
Retail ~
; ,13 <1_51:
,
, .
Lod9in
9
Food &
,
- ;
Beverage
44,11,74
. _ . _ _ , :
Other . , - -
~-2~:~0~~;
, . #
Total 2623357
OUT OF TOWN
JULY JULY JULY
1997 1998 %
Collections Collections Chan e
Retai l 25,770
26,20 :2.0
Lodging 140 n1.~
:
Food & :
Beverage
.
Other 53,354 , , .
= 67,645;1
;
T I
ota
89,745 _ =J4;388 5.20/4'
~
JULY SALES TAX '
TOTAL
JULY JULY JULY
1997 1998 %
Collections Coltections Chan e
~ . _ . . _
Retail
2
. ~
~
Lodging
~ k a
Food &
~
Beverage
~
,
'
Other
T t I
o a 1,042,1u :
1072
3.. . . : :
!
1
RETAIL SUMMARY
JULY JULY JULY
1997 1998 %
, COLLECTIONS COLLECTIONS CHANGE
FOOD . 117,833 121,185 2.8% LIQUOR 18,134 19,306 . 6.5%
APPAREL 75,218 71,873 -4.4%
SPORT 92,054 9508 3.9%
JEWELRY 27,865 25,772 -7.5%
GIFT 25,852 22,249 -13.9%
GALLERY 8,190 12,140 48.2%
OTHER 77,272 73,615 -4.7%
HOME 389 1,030 164.8%
OCCUPATION
TOTAL 442,807 442,858 0.01 %
i
t
Town of Vail
75 South Frontage Road
Vaii, Colorado 81657
~ SEP 11 198 12:34PM VA RISK MANAGEMENT P.1 '
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btedediotelylb.the u~. dd~e TOi'JLL PA4E5
~~~d~9~~+deba~L7ow• .
. a~e~te{slQnnrnMctrdhetiw+el~nay RE6QROtIv
, aontmlr+Inlta~e~~w~Ady~can-
MESSAGE
~b~obn ord~e~lnoden d ~
w~ ~+~o~pan edrethqn
. bdutKa~dednr.~anltsoNC~jr ~=~~/Ui~i~Z~~~ '4
p~K~lryvuAare~;(nd
Utb~s~ereb[RO.p~AOphr ~ 1 n /
- ~ ~
J
AUN. . ~ .
Own~ and Operoten efVoA /eever Cnek Reaat aad ArrvwNmd MomrcM • .
,
.
,
SEP 11 '98 12=35PM VA RISK MANAGEMENT p_2 ~
ax~ . . . .
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1
C.0 NYEMOR,ANDUM
TO: PAM BRANDMEYER
FROM: Karen Phillips
DATE: September 11,1998
SLIBJECT: Youch Recognition Award
Hdlo, Pun -
Thaak yvu very much for the opportunity to revierov aad commetlt on the Youth
Recognition Ar+vard crimu wnd letters ta the schools 2s it pertains ta the Sister
C,itie.g/Vail VaUey Egchange Srudsnt Progrim.
I have made a£ew notes fve yeur considerztion as you discuss thc final wording on these
doc.vments. I wrnild be happy to plan to attend Cauncil's work session on Septembec 15`k if you
COI1S]CICr lt IICCC55my. However, after our recent trip and several discussions I feel Sybffi
is fully com?ersaat with 0 details of this program and uade-stuxis exactky how it shouid
operate in order co ac.6ieve musirmum beaefit for all paracipunt.g.
Please don't hesitate to coirtacs me wrth auy quescions ar 845-2472.
Also, just FYI, Delatiu Shire has selecxed their students who will be urivirig hm on or
about November 30. The young maa will be trainiag with Jam Gros at Vista Bahn Ski
Reatals {Ski Techaology is "his thing'°) aad the youag womaa will be traiuing on Vail
Mnuinairt in Food Sesvice C7perazions with Rick Sackbauer. At the current rime it
zppeus Franke's wgl host the bary aad Caaada's will have the girl in their hosne. Sybill .
wM retuember meeting both the sttuieats aad thcir families wWe in.Delariu last moath.
This is a far cry from last year's flurried frenzy of smrching for hvst fauulie3, if you
recall.
I look forward to hmring from yoti Let mc kriaw if you thinlc I should attead Tuedy's
meeting and, if so, about what time would be appropriate.
''Y'hanks so very much!
AfFIIIATED WITH SISTER CITIES IIiTERNATIONAI
SEP '1QSEP 11 '98 12:37PM VA RISK MANAGEMENT ID!3034782SS7 P.SGE 2/8
,
TOWN OF i~AI~
75 Soush Frontu,gc Road ~'rce of the Mupor
Yai4 Colorado 81657 303-479-2100
,~'~!X 303-4M2157
September 10, 1998
Mr. Peter M. Abuisi
Hegdmaster
Vail Mouatain School
3160 K,atsos Ranch Road
Vsil, CO 81657 Dear Peter:
It's that time of Year a$auat! The Towt: of VaiI takes plesmm iti acmpduug applications for the aamusl
Town of Va1 Youth Recognitioa Award, an awazd =ded in 1995 by the Vail Town Council, ta
r"COgnme azd wwar+d two outstandiag stud=ts, one each from Battle Mouatain H'igh School sud
from Vail MoBntam School. Althougla the pr•emise of this awand 4 to provide these outscaadmg
studerlts with a chance to greatly broaden and enhance theur edacatioaal processes by fsci}itating
t'dr PardciPation in aa `!Mcaship" type expeaence in a resort commwnity iun mother counfty su&ar
he,llnisph,ere, the.re havc beeu some major changes in the criteris aad pmcess. I will outIine thosa
changes in the following mzterial.
YlOf71 i 11GC+ed ?
These studeW-% with pmeference beinS Biven to Towa of Vail resideacY, wiii hJselectEd" the
~ 'ni _stration/faculri of e2c,h school snd will be submimed to the Vail Towa Couacil. As stated, .
_ although ,prefGr=e wili be give,n to Vail residency, shoutd qnalified candidates not be available
from otx local pool, the Vail7own CounCH will cansider qwli$ed appiic.=ts from outsid,c Towa
of Vail boumdaries. Thw Tvwn of Vail will then approve rbwse =ammendations and will fhcaiftate
tbe arratigemcnts foz these studeats to be accOPted an an intEmshiP Pragi'am ia a Siaex City
community (St. M(iritr, Switzecland) or
~1tiit Buller, ausaalia). ( Nbr Necess a.r~ a s~,e, "5 i sfe.Y Cc~rnmu..n 4 "
Y'e/a-Frons~n~ ene-orY+~xisses at1 d~sp~c-{~s r~ 14
Another cban,ge contemplates the awattd Xaentatioa benog made to either a teath or elevtath pader
uring school awards ceremoaies ia tlZe spsizig of that studenNs sophdmore or junior year. TU
stvdents should be 2ppraised of seiecoon by Febittmry of tt,at year so tbat arxangements f+pr the
summer exPeriance can be a~pptnached from a realistic time tme. Fuather; in order t+o'comply with
reQuiren=ts Erom tht Sister Cities Irtternanonal Exr,hange ProBram for Studcw, tho Town vift1 also
now require that the studeats Selected alao assua+e how~ for the seciptncaI student from that ald or
resort area T7us rcciprocity wi1l solidify tbe "exchanoe„ ptograa:.
SsP-iSEP 11 '98 12: 38PM VA RISK MANAGEhtENT P,
ID=3034782157 r~G8 3/s `
The swclents will make application' on a form povided by the Towa of V4 tlmt application
O4uiriM twv nfenwzs. Tt is probable thpse refacn= will be contmcted Perwasllq by a member
of thc Vail Towa Couacil to conduct aa interview regmd,iiag tho qualificatioas of the proposed
Audents. An~. t'n+erv re w sLui-~h +he S4v,6jQ,#j-t depp I r can-~s
ne T~ of~v~ ~ h Q, r v ~ s e l ve s~
pMvide funds for the studeats' tavel eatpensa and wiu be open ta cons,;des. '
r o o m a n d b o a r d e x p e n ~ i f &S C m mque d. Such an exp=encx will cove,r a 6 to 10 week time
frame. The Vail Town Council wili imple,ment this e4Crie= through tbe Vai] 'V'alley Exchaa
Program, our local Sister Cities Iatc:na~ionat Pmpam, w~.iuch is can~ody ~by ~v Z,ap~
President, and Kat+ea Phillips, girec.~tor.
Atqchod to tbis Ietter of inuvduction is a memmndum outliiag le purposet, mg"Ludon, critm*
prooess, and awara fer the Yauth R=gmtm qwae+d. Shoula you have any quesUOM pleana,o nac
hm;iffitie ta contact me at 479-1860, sclection 3, or caiI Pam Brandmeyec directiy at 479-2I I3 at the
Town of'Vail oiffices. Either one of us will be happy to mspon,d to any qwestions you may? have.
Agaia, we look forarard to tis opparhuaitY co eahaace aad crem new e,cperiences for some of ottr
5mest yonag mea and womea m this valley.
Sincerely, .
'T'OWN OF VAII, Sybill Navas
Council Member
SN/aw xc_ VaiI To'ara Council
Pam Brsndmeyer
Suzanne Silvrrthern
`•BEP-1 ~0o11, "_98-n "nnv_Tn,,~. IDr3034792157 ~
, 1z ~ 35PM VA RISK r1ANAGEMENT P.-3l 8 4/6
*Vr
?+OWN75 5ot:th Fronftge Road Offics of the Mayor
Yai4 Calvrado 81657
303-479-2100
FAX 303-479-2I57
MEMORANT?UM
TO: ApplicaatS FROM: Sybill Navas
DATE: Sepcember 10, 1998
xouth xecognition awaa
The Towa of Vail has created an aanual Ycnth Recopition Award to be givea to a recipamt, one
each from Batde Mouat2irn High School and Vail Motmtaia School. Liste$ below an t$e basic
roCompoaents far this award:
II_ ~
ganizxtion
IU. Criteria
~O N. Process
~ ~ V Awatrd
~
c
U, I• The purpo9e of t6e aarard is to recognize amd reinforce auftmading -
achievemeAt b3' Youth of the UPPer Eagle VaZley, bo'tbt for thefr individ~a,t acuevemeats aud as
-i- ~ mle iaodels for their peezs_ The Vail Town Cowtcil created this award to aakaowIedge snd
3-rewatd students 5rom our cvmmuutity schools.
`y= ~ na rn,'n ee s ?
s, R- II. ORGA 7AUM* The Towa of Vail will soIicit the admmistraWom/
ro fa
~ culty of both Battie Maunftin aud 'Vail Moufteia sGhools. The schoaI should be PmomuY
aws~e of the nomi~ted stud~nt' s acihuwemeat~ aad citiz~en.~hip t$orts (oa~e shtdent pes school).
~."-1'he reat meiat thrn be ac the Vail waicil. Tb~e saideat nomi~d fro~o4
each sehool should be a residCat of the Towm of Vail. Ia the evem a qualified appIicant fibm
whhin the Team of Vail bouadaries canueot be proposed by the school, co13ideration will be
F ro given to s l Oth or l I th grade,r withia the RE501 school dLstrict. -a d oes 4411
~ s tn~tu~ H.S. ~
BI. CRICHRIA: It is exhamiy WIPOrunt the school selecfLag tke candidstes have no doubt ~ .
~ 9 that each caadida~e }gs fWElled gL the critcti.a to the highest degree. The Couned #eels this is a
~ U speeal award and the criter;a will be strougly aaered tQ ia the revicw
~ the n~a**ri*+~ have enougb Iife exper~ience to bave distin~ction in sil ~'0cess. It is import~nt
zzcas, xat just one or twb. A11
sEP-1~SEP 11 '98 1z:36PM VA RISK MAIVAGEMENT I13:3834 792 1 5 7 P.4G8 6/8r .
Couacil members must be ia agreem,ent the caadidaft fulfiUs aIl ititeria. Theref
ore, ihe moz+e
ilformatioa submzttad, eVecially supplemental information such as newspapes cli. of aw~rcis, statomcats from, other people, and so on, the better.
a. Thc applicant must be a resident of the Esgte Counry School District and a
resideat of the Town of Vail extrvued estler as a sophcaacre (1 Oth grade) or jumior
(11 th gtade) at oitler Hattle Mottntaia or Vail Moimtain School as a fizlI-tam .
stucient. Lu the eveat an appl,opri.ate candidate from withm the Town of Vail
bomxluies waaot be ;6ound, consideradon will be given to a fulltime studmt m
these cate,gories in RE$OJ'.
b. neapplicaatshau
ba!~aagm
,nj~ aom~ethz~_~ps ecial eithw through)
academics, athletics, cmc achvzties, fine ar the pwfnrmiug arts.
C- Thc applicamt must exesaplify ideals wluch sa staadatds for other studeats ia all
faccts of ffieir Iives. •
ergh-~Qe.n Ct g~ - , . Sophomore ar
D. The appticanc canna be older than ncften ~9 ~ u n to r~f h r s a
. ~
°f~. ~ ~ d kr,~5 2mo
~ I ,
N- P,RO M; Candidate nalningtions must be receiveci oa *e fo= G{a
Town Couacil. Tbat form is T'b,e form must be received by t~ T~ouncil no Iatqr
tban 5:00 p.m. on Friday, Navembeer 20, 1998. T6e Council will then, review the oafldidates an,d
grant fnal appnovaul_ Applications may be znailed or haad-delivered to:
Pani Bxandmeyer
Tawa of'Vai1
75 S. Froatage Road
Vail, CO 81657
, .
v- ,,wgW: Awsrds a+ill consist of a siIvcr cup beeming the recipiaut's names to be placed
°II pftmtnent disPkY at e,wh sahool, a plaque thu will haag in the Vail Municipal
ding be~ing the names of the aimuaI wannCra, p1~ win~s' expeases necessary
~ for a
recipient to travel to, worlc ia, aad experieace the tourism kdustxy in a fareiga cou=y .
that haa ties to Vail. The location, length of such work/visit, aad livmg accornmodadons
will have to be arraaged by the eud c,f N1ar+ch thraugh the Sista CitiesNail Va1.ley
Exc,haage and the Awae+d recipieat 73e A'wa:d will be prtseuted s,o the sldpieM by the
Vail Mayor or a Council mernbrr at the recipients' anuual school awards =am0xties.
SN/aw
. 3EP-10SEP 11_'98 12:38PM VA RISK MANAGEMENT ID-3034792167 P.TB B/8
Is 4-f u S koUqs, -U f.U~t.'f
AP~~,ICA * word o r rs l+-
TIUN FQR VAIL EXCHA,NGE
Yo~rN F ~v~ N mo,J ' ~
NAW:
~ ~
YFAR ~ Q.~
. ~
LE'VEL.
~ S
Re~,2~MC~ ~
~
~
C lect v2. Lan 5 (~+vr.ttten nfe~eace.np~ . . . ~ r+eQ )
PIease atmwrer the foAowiag on this sheet / or actsch to Iic~on tw~o
$FP ( page Iiatit) ~o
* Descxibe how Ua', I Va t l~y (o r' areq; o r'' tki
you would pres~t tke and
-vo cerAmaaity its uni4e~e Qualities to ~
, _
~~la+ 5hi r~ ~ i
~
*Elaborate on ihe siolls sad atQibutes whic,h yeu considter am neaded ro repes= .
the ShtDG, artd in fact Nmeakg.
co rn rn un 'r f~ +(ne Ll n )+ed
t
r ~
DEAR COUNCIL MEMbER,
RE-ENTERING THE FRAv SURROUNdINCa COMMON GROUNd, I FINd MANv POSITIVE THINC,S
OCCURRING. THE COMMUNITY IS ACTUALLY IN dIALOCiUE OVER THE NEECI TO ACICIRESS VA1I'5
CURRENT MOST PRESSINC~ ISSUE.
NEIQHbORHOOCI CaROUPS ARE FORMINCi ANd NEIQHIJORS WHO NEVER I<NEW EACH OTHER
ARE FINALLy CaETTING ACqUAINTEd_ CITIZENS WHO PREVIOUSLy SAT ON THE SIdELINES ARE NOW
PARTICIPATING IN A PUbLIC PROCE55 THAT ULTIMATELy WILL CaREATLy bENEFIT THE COMMUNITY.
AbOVE ALL, CONSCIOUSNE55 OF AN ISSUE THAT FOR l 5 vEARS HAS bEEN SWEPT UNdER THE
COMMUNAL RUC, IS COMING TO THE FORE_
SAdLy THOUCaH, MUCH OF THIS NEW FOUNd ENERC,v IS bEING WASTEd IN NEGATIVE ACTIONS
SUCH AS LAWSUITS, RECALL ATTEMPTS, ANd dIATRIbES. THESE WIlL IVOT SOLVE THE PRObLEMS
FACINCa VAIL.
ANOTHER POPULAR dNER510N IS THE REHA=>HINCa OF IdEAS, TOUTEd AS SOLUTIONS, WHICH
ARE EITHER AIREAdy IN THE WORI<5 OR PROVEN, FuR ONE REASON OR ANOTHER, TO bE INFEASIbLE.
PEOPLE THOUC,H, MUST EdUCATE THEMSELVES.
I, ALONG WITH OTHER MEMbERS OF THE VAIL TOMORROW AFFORdAbLE HOUSING TEAM,
HAVE SPENT TWO YEARS MEETINC, RELICalOUSLy STUCj)/INC. THIS PRObLEM. WE'VE MET WITH
dEVELOPERS, TOWN STAFF, COUNCII MEMbERS, COUNTY STAFF, REAL ESTATE REPRESENTATIVES,
ACjVOCATES OF HOUSING FROM OTHER MUNICIPALITIES, LAWvERS, CIEVELOPERS OF EUROPEAN
MOdELS, ARCHITECTS, ETC..
, wE'VE VISITEd SEASONAL ANd AFFORdAbLE PROJECTS AROUNd COLORAdO ANd ATTENdEd
NUMEROUS PUbLIC MEETINQS_ WE'VE FLOATEd ldEAS, HAd THEM SHOT dOWN, FLOATEd OTHERS,
LEARNEd, paobEd, ANd STUdIEd. WE'VE CaENERATEd LOTS OF PAPER ANd CaRAdUALLV CaAINEd AN
UNdERSTANdING OF THE ISSUE ANd THE ObSTACLES INVOLVEd_
ANd WHY? BECAUSE THROUCaH THE VAIL TOMORROW PROCE55, AFFORdAbLE HOUSING WAS
dESICaNATEd bv THE COMMUNITv TO bE AMONG THE MOST IMPORTANT ISSUES FACING THE FUTURE
OF VAIL.
WE HAVE TAI<EN THIS MANdATE SERIOUSLy ANd HELd OUR TOWN OFFICIALS FEET TO THE FIRE
WITH THE JUNE 30TH COUNCIL RESOLUTION AS THE RESULT.
TO NOW HAVE A FEW MONdAv MORNINCa qUARTERbACICS ATTEMPT TO dISMANTLE TWO
yEARS OF WORI< IS A bIT dISHEARTENINC,. AS WELL, IT IS A dI55ERVICE TO THE HUNdREdS OF VAIL
TOMORROW PARTICIPANTS.
ANy dIAIOC,UE THOUCiH, HAS THE bENEFIT OF RAISINCa AWARENE55. HOPEFULLy THIS WILL
d0 SOMETHING TO INCREASE THE PERCENTAC,E OF HOMES OWNEd by FULL TIME RESIdENTS AbOVE
THE CURRENT dISCaRACEFUL 28%_
YES, IT'S A dISGRACE TO HAVE 72% OF THE HOMES IN vOUR TOWN owNEd by pEOpIE
WHO ONLY OCCASIONALLV LNE THEREI ANd IT'S CaETTINC, WORSE_
ALI PROPONENTS OF ATTAINAbLE ANCj SEASONAL HOUSINCa WELCOME ANy ANd ALL SOLUTIONS.
AFTER SIFTINQ THE OPTIONS FOR TWO )/EARS, THE SOLUTIONS PRESENT IN RESOLUTION 9 ARE THE
bEST ANd MOST VIAbLE.
IN OPPOSITION TO THE RESOLUTION, A LIST OF IdEAS HAS bEEN GENERATEd WHICH NOW HAS
CaROWN CONSIdERAbLV. WE APPLAUd THE INTEREST SHOWN IN SOLVING THE HOUSINCa PRObLEM,
ENCOURAC,E INVOLVEMENT ANd FERVENTLy HOPE THAT OUT OF THESE IdEAS COME ALTERNATNES
NOT THOUGHT OF PREVIOUSLY.
UNFORTUNATELY, MAN)/ OF THE ICjEAS III<E 'REEVALUATE SHORT VS. LONG TERM POLICIES'
ARE TO QENERAL OR WITH OTHERS LII<E; 'ISSUE PRIVATE ACTIVITY bONdS', MORE VIAbLE OPTIONS
ALREAdy EXIST.
USINCa THE BERRv CREEI< 7TH PARCEL IS AN EXCELLENT ICjEA ANd SOMETHINCa WE'VE
PURSUECI FROM THE START. OUR MEMbERS ATTENliEd MEETINGS OF THE 7 JURISdICTIONAL ENTITIES
OWNINCa THE SITE, ONE bEINQ THE TOWN OF VAIL WE FOUNCI THAT POLITICAL REALITIES MAICE IT
CURRENTLv INVIAbLE.
EmployEE QENERATION IS ANOTHER CaREAT IdEA WE'VE PURSUEd. I ENCOURAGE EVER)/ONE
TO HELP MAI<E THIS A REALITy. THERE WI[L bE STRONCa OPPOSITION FROM THE bU51NE55
COMMUNITv bECAUSE OF THE INCREASECI COSTS OF dOING bUSINE55 IJUT IT'S A GOOCI OPTION.
FORTUNATELY VRI, THE LARQEST EMPLOYER, IS AGCiRE551VELY AddRE551NC~ THE ISSUE OF
SEASONAL HOUSING FOR THEIR WORI<ERS. THE 1 3. 5 MIlLION CIOLLAR IRNER ECIGE PROJECT IN
AVON IS A PRIME EXAMPLE.
~
~
.
DESPITE WHAT MANy PEOPLE WISH TO bELIEVE, VRI WILl lIICELy NOT bE THE PRIMARY
bENEFICIARy OF RESOLUTION 9.
INCIUSIONARY ZONINC,, WHERE NEW CIEVELtUaMENTS MUST INCLUdE HOUSINQ FOR AlL
lNCOME IEVELS, SOMETHINCa LONG OVERdUE, IS ALREAdY IN THE WORI<S. IT MUST THOUCaH, bE A
COUNTY-WIdE EFFORT. IF VAIL HAS THE ONLV ORdINANCE IN THE COUNTy, dEVELOPERS WILL SHUN
IT FOR dOWN-VALLEv LOCALES MORE "FRIENdLV" TO NEW UPSCALE dEVELOPMENTS.
'BUyINCa PRIVATELY HELCI LANd' IS NOT REALLY AN ALTERNATNE bECAUSE 50 FEW
UNdEVEI_OPEd SITES NOW EXIST. THE VAST MAJORIT)/ OF THOSE SITES bEINCi TOO SMALL OR TOO
STEEP FOR THE ECONOMIES OF SCALE NECESSARY.
ANOTHER SUGGESTION, 'INCREASINC, THE LIFT TAX', PROVEd VERY UNPOPULAR IN THE
COMMON GROUNd WORI<SHOPS FOR ObVI0U5 REASONS.
AC,AIN, bECAUSE MAINTAININCa A HEALTHy COMMUNITy OF yEAR-ROUNd RESIdENTS IS SO
CRITICAL TO THE FUTURE OF VAIL, PROPONENTS OF LOCAL'S HOUSINC, ARE OPEN TO ANy ANd ALL
VIABLE ALTERNATIVES.
RESOLUTION 9, THE RESULT OF MUCH COMMUNITy INVOLVEMENT, IS NOT PERFECT. IT
SIMPLy REPRESENTS THE bEST OPTIONS THAT PRESENTLy EXIST.
9 OF IT'S 1 2 SITES INCLUdING WEST VAIL ANd THE LOWER IJENCH OF DONOVAN PARI< ARE
ALREAdy ZONECj FOR CIEVELOPMENT. AT A MINIMUM, SOME PORTION OF THE LOWER bENCH NEEdS
TO IJE UTILIZEd FOR HOUSING AS WELL AS COMMUNITY FACITIES ANd RIPARIAN SPACE.
IN A PERFECT WORLd ALL WOULCI bECOME & ::SIC,NATEd OPEN SPACE. LAMENTAbL)/
COMPROMISES FOR THE CONTINUEd Ca00d OF THE &:OMMUNITv MUST bE MAdE.
COMMUNITIES, bEINC, THE FLUId ENTITIES THEv ARE, MUST OCCASIONALLV CHANGE THEIR
PRIORITIES TO ACCOMMOdATE CURRENT CONdITIONS. 1 OYEARS ACiO, RETAINING OPEN SPACE WAS
THE PRIORITY. WITH THE IMPLEMENTATION OF THE RETT THIS HAS bEEN ACCOMPLISHEd VERy
WE«.
THE TOWN OF VAIL NOW OWNS 113 OF THE LANd IN THE VALLEy 95.3% OF WHICH,
UNdER RESOLUTION 9, WILL REMAIN UNdEVELOPEd VACANT LANd, PARI<5, OR dE51GNATEd OPEN
SPACE.
THE ICaNORANCE SURROUNdING THE USE OF RETT FUNdS IS EXEMPLIFIECj IN A LETTER
APPEARINC, IN A SEPT. 4TH LOCAL PAPER. IN THE WRITERS SECONd POINT, HE STATES THAT
RESOLUTION 9'5 "MAIN FUNdINCi IS RETT."
TOTALLy FALSE. IT'S #5 ON THE LIST. ONLY THE PORTION EqUIVALENT TO AbOUT 1 1.7%
OF LAST YEAR'S TAI<E, THE GOLF COURSE MORTGAC,E PAvMENT WHICH WILL bE RETIREd NEXT YEAR,
WOULd bE USEd. THIS WOULd OCCUR, ONLY AFTER THE FOUR OTHER FUNdINCa SOURCES HAVE bEEN
EXHAUSTEd.
ANOTHER INACCURACY STATES THAT, "IT RELIES HEAVILY ON USING ALMOST AtL OF OUR, EASILY
ACCESSIbLE OPEN SPACE. _ . "
ANYONE CAN SEE THIS FLIES IN THE FACE 0" REASON. WHAT IS FORd PARI<, DAVOS,
KAT505 RANCH bETWEEN THE GOLF COURSE ANd EAST VAII, THE RECREATION PATHS, BUFFEHR
CREEI<, SPRACIdLE CREEI<, THAT WONdERFUL FOREST SERVICE LANd AT THE FOOT OF AROSA ETC.
ETC., IF NOT EASILy ACCESSIbLE OPEN SPACE?
RESOLUTION 9 WI« INCREASE dEdICATEd OPEN SPACE ANd PARI<S by 29% TO OVER 900
ACRES. IT PROPOSES UTILIZINQ A MERE I . 7% OF THE I 100 ACRES OF TOWN OWNEd VACANT
tANd FOR LOCAL'S ANCj SEASONAL HOUSINC,. THIS IS 1/2 OF 1% OF THE LANd WITHIN THE TOWN
LIMI75!
FURTHERMORE, THE AROSA DR. PARCEL IS NOT PROPOSEd EXCLUSIVEL)/ FOR HOUSINCa bUT
NEICaHbORHOOCI PARI<5 AS WELL.
PLEASE, CaET YOUR FACTS STRAICiHT_ MISINFORMATION ANd INFLAMMATORY STATEMENTS
ONLy SERVE TO bOISTER NECaATIVITY.
THE COMMON GROUNd PROCE55 IS NOT OVER. WE, AS A COMMUNITy, MUST FACE THE
CRITICAL HOUSINC, ISSUE IN AN OPEN, POSITIVE, ANd EdUCATEd MANNER.
TFfE TOWN COUNCIL HAS LISTENEd ANd AQREEd TO WORI< WITH EACH NEICaHbORHOOd IN
ESTAbLISHINQ WHAT IS APPROPRIATE. STAv INVOLVEd, REdUCE THE LEVEL OF EMOTIONAL RHETORIC
ANd bECOME A FORCE FOR POSITIVE CHANCrE.
A TOWN WITH ONLy 28% OF IT`S HOMES OCCUPIECI FULL TIME, A NUMbER CjESTINEd TO
DECREASE WITHOUT CHANCaE, CANNOT FOR LON,a RETAIN IT'S VITALIT)/ ANd SENSE OF
COMMUNITy.
DENNIS JONES