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HomeMy WebLinkAbout2002-07-02 Support Documentation Town Council Evening Sessiona . 7 .. TOWN COUNCIL EVENING MEETING TUESDAY, July 2, 2002 6:00 P.M. TOV COUNCIL CHAMBERS NOTE: Times of items are approximate, subject to change, and cannot be relied upon to determine at what time Council will consider an item. 1. ITEM/TOPIC: Vail Local Marketing District: • Longwoods International Presentation. (45 min.) Bill Siegel START OF REGULAR EVENING MEETING 6:45 P.M. 1. ITEM/TOPIC: Audit Presentation. (15 min.) Steve Thompson Mike Jenkins 2. ITEM/TOPIC: Citizen Participation. (5 min.) 3. ITEM/TOPIC: Community Survey Results 2002. (20 min.) Chris Cares BACKGROUND: For the past 15 years, the town has conducted an annual community survey to measure satisfaction levels for town services and to identify areas of community concern. The 2002 survey was conducted in April with responses from 422 participants. Chris Cares of RRC Associates will present an overview of the findings which are posted on the town's web site at www.vailgov.com. ACTION REQUESTED OF COUNCIL: Review- survey results and offer questions and comments as needed. 4. ITEM/TOPIC: Lodging Conference Committee Request to Put Lodging Tax Question on November Ballot. (30 min.) Frank Johnson 5. ITEM/TOPIC: Ord. #14, Series of 2002, 1St Reading, SDD#6, Conversion of hotel rooms to EHU's. (30 min.) Russ Forrest 6. ITEM/TOPIC: Ord. #15, Series of 2002, 1St Reading, Rezoning of Lodge at Lionshead to Lionshead Mixed Use I. (30 min.) Russ Forrest 7. ITEM/TOPIC: Ord. #18, CSE, Repealing and Reenacting Ord. #7 and Ord. #13. Commission on Special Events (5 min.) Matt Mire ITEM/TOPIC: Ordinance No. 18, Series 2002, 1St reading, an ordinance correcting certain drafting errors that occurred in Ordinance Nos. 7 and 13, Series of 2002 (Commission on Special Events), providing for corrections and amendments, and setting forth details in regard thereto. (5 min.) F:mcaster/agendas/TCmeet/2002/070202 A ACTION REQUESTED OF COUNCIL: Approve Ordinance No. 18. BACKGROUND RATIONALE: Redraft to correct drafting errors. STAFF RECOMMENDATION: Approve Ordinance No. 18, first reading. 8. ITEM/TOPIC: Ord. #6, Series of 2002, 2"d Reading, Off-site Advertising. (5 min.) AN ORDINANCE AMENDING SECTION 11-1-1, DEFINITIONS, SECTION 11-5-2 (L) PROHIBITED SIGNS, AND ADDING ARTICLE D. WEST VAIL EXIT #173 TO TITLE 11, SIGN CODE REGULATIONS, TO PERMITCERTAIN OFF-SITE ADVERTISING IN THE TOWN OF VAIL, AND SETTING FORTH DETAILS IN REGARD THERETO. George Ruther 9. Steve Thompson 10. Matt Mire 11. 12. ITEM/TOPIC: Ord. #11, Series of 2002, 2"d reading, Supplemental Appropriation. (5 min) AN ORDINANCE MAKING SUPPLEMENTALAPPROPRIATIONS TO THE TOWN OF VAIL GENERAL FUND, CAPITAL PROJECTS FUND, HEAVY EQUIPMENT FUND, REAL ESTATE TRANSFER TAX FUND, AND THE DISPATCH SERVICES FUND OF THE 2002 BUDGET FOR THE TOWN OF VAIL, COLORADO; AND AUTHORIZING THE EXPENDITURES OF SAID APPROPRIATIONS AS SET FORTH HEREIN; AND SETTING FORTH DETAILS IN REGARD THERETO. ITEM/TOPIC: Resolution No. 5, Series of 2002, a resolution providing a non-exclusive list of qualifying cultural events in accordance with Ordinance No. 18, Series of 2002 (Commission on Special Events). (30 min.) ACTION REQUESTED OF COUNCIL: Approve or approve with amendments, Resolution No. 5 BACKGROUND RATIONALE: Section 2.B. of Ordinance No. 18, Series of 2002, states that the Town Council shall establish by Resolution anon-exclusive list of Qualifying Cultural Events. STAFF RECOMMENDATION: Approve Resolution No. 5. Town Manager's Report. (5 minutes) Adjournment (9:40 P.M.) NOTE UPCOMING MEETING START TIMES BELOW: (ALL TIMES ARE APPROXIMATE AND SUBJECT TO CHANGE THE NEXT VAIL TOWN COUNCIL REGULAR WORK SESSION WILL BE ON TUESDAY, JULY 16, 2002, BEGINNING AT 2:00 P.M. IN THE TOV COUNCIL CHAMBERS. F:mcaster/agendas/Tcmeet/2002/070202 THE NEXT VAIL TOWN COUNCIL REGULAR EVENING MEETING WILL BE ON TUESDAY, July 16, 2002, BEGINNING AT 7:00 P.M. IN TOV COUNCIL CHAMBERS Sign language interpretation available upon request with 24-hour notification. Please call 479-2332 voice or 479-2356 TDD for information. F:mcaster/agendas/TCmeet/2002/070202 Town of Vail Community Survey 2002 Overview of Results Q xc : Cbc~,nu,~ ~ (-cam (~u.rs Figure 1 `~~Over the Last Two Years Has the Sense of Community within the Town of Vail Improved, Stayed the Same, or Gotten Worse?": Percent Res~~onding "Improved" by Residency Status and Number of Years Lived in Vail 50% a~ ~ 40% o' E ~, 30% c v c 0 N ? O °/O d C d L 10% d a 0% O improved (Residents) ^ lOmproved (Second Home Owners) 44.6% 34.1 L-ess than 1 year 1 - 5 years 6 -15 years More than 15 years Number of Years Lived in Vail Figure 2 Statistically Significant Changes in Ratings mate o ' 2002 . cleanliness of edestrian villa es 4.09 • de endabilit of bus service 4.36 . frequenc of in-town shuttle 4.35 . bus driver courtes 4.27 • cleanliness of buses 4.10 • overall ark maintenance 4.25 . booth attendant courtes 4.13 • s eed of transaction at staffed exit booths 3.99 . overall arkin fees/ ricin structure 3.19 . friendliness & courteous attitude of Public Works emplo ees 4.16 . confidence in abilit of Vail Fire De artment 4.68 Town of Vail Community Survey 2002 _ " Figure 3 Town of Vail Ratings: 1999 to 2002 (Note: '+="statistically positive increase from 2001, Mean Satisfaction Rating '*+="statistically positive increase from 1999) 1 1.5 2 2.5 3 3.5 4 4.5 5 RATE ADMINISTRATION General adminisVation Municipal court Satisfaction with available information concerning Town government RATE COMMUNITY DEV. Overall service and efficiency Courtesy and attitude Building permit review and inspections Livability of Vail Environmental quality in the Town of Vail Quality of new development and redevelopment over past two years Cleaniiness of restaurants in Vail RATE PUBLIC WORKS Snow removal on Town of Vail roads Snow removal on Frontage Road Road and street maintenance by the Town of Vail ("+)Overall park maintenance Appearance and condition of town-owned buildings ('+) Friendliness and courteous attitude of Public Works employees ('+) Cleanliness of pedestrian villages Appearance and condition of town•owned playgrounds RATE FIRE Fire response timelarrival on scene Emergency medical services Courtesy and attitude ('+) Your confidence in the ability of the Vail Fire Department RRC Associates 2 • Town of Vail Community Survey 2002 Figure 3 Town of Vail Ratings: 1999 to 2002 (Note: '+="statistically positive increase from 2001, Mean Satisfaction Rating +="statistically positive increase from 1999) 1.00 1.50 2.00 2.50 3.00 3.50 4.00 4.50 5.00 RATE POLICE Overall feeling of safety and security Visibility of police fooUvehicle patrol Friendliness and approachability of Vail police department employees Overall quality of service Overall fairness of police employees RATE ANIMAL CONTROL SERVICES Response time to complaints Overall quality of service RATE BUS SERVICE (••+)Frequency of in•town shuttle Frequency of outlying service (•+) Bus driver courtesy (*+) Dependability of bus service (•+) Cleanliness of buses RATE PARKING (*+) Booth attendant courtesy ('+) Speed of transaction at staffed exit booths Speed of transaction at automatic exit booths (~+)Overall parking feeslpricing sUucture Appearance and cleanliness of parking structures RATE LIBRARY Material checkout Fiction and non-fiction books Magazines and newspapers Youth materials Alternative media (videos,DVDs,books ontape) Parking availability for library use RRC Associates 3 Town of Vail Community Survey 2002 Figure 4 A Sampling of Comments: "What Are the Two Biggest Issues Facing the Town of Vail?" Resident`Stafus: Comment: Second Home Owner BALANCED DEVELOPMENT (P) INSURE VAIL RUNNING PROPERLY AND IN COMPETITION WITH OTHER RESORTS. Second Home Owner COMPETITION WITH LOCAL RESORTS, AND THE ~ . INADEQUATE LABOR POOL. Second Home Owner CONDITION OF THE CONDOS FOR VISITORS, DEVELOPMENT IN EAST VAIL. Second Home Owner CONTINUED GROWTH AND EXPANSION. (P) WE ARE EXCEEDING OUR RESOURCES AND SERVICES AS FAR AS THE TOWN IS CONCERNED. Second Home Owner CONTINUED GROWTH MANAGEMENT, FIRE PLACE POLLUTION. Second Home Owner COURTESY AND HELPFULNESS WITH STORE ASSISTANTS. Second Home Owner . DENSITY, TOO MUCH BUILDING, CROWD CONTROL FOR CONCERTS. Second Home Owner HOUSING AVAILABILITY FOR WORKERS AND PARKING. Second Home Owner LION'S HEAD REDEVELOPMENT AND THE NOISE ON I-70. Second Home Owner LIONSHEAD REJUVENATION AND PARKING. THERE IS TOO MUCH WASTED TIME AND MONEY ON ISSUES THAT ARE LONG OVERDUE FOR A SOLUTION. Second Home Owner MANAGING GROWTH, AND HOUSING FOR FOLKS THAT SERVICE THE TOURISM. Second Home Owner . PARKING AND GENERAL VISITORS SERVICES. Second Home Owner PARKING AND OVER CROWDING. Second Home Owner . PARKING AND OVERCROWDING. Second Home Owner . PARKING AND OVERDEVELOPMENT. Second Home Owner . PARKING AVAILABILITY AND RATES, AND I AM AGAINST THE CONSTRUCTION OF LARGE HOTELS. Second Home Owner SAFETY. THERE ARE DOGS RUNNING LOOSE ON THE TRAIL FROM LIONS HEAD TO VAIL, MORE NEED FOR POLICE FOOT PATROLS AND MAYBE HORSE OR BICYCLE DURING THE DAY. THERE'S A LOT OF DRUNKENNESS. Second Home Owner . SEASONAL RESIDENCY AND WHERE THE WORKERS STAY IS A PRESSING ISSUE. THE SECOND THING IS BALANCING THEIR GROWTH AND DEMAND FOR REAL ESTATE BY RESIDENTS AND NON-RESIDENTS VERSUS THE FACT THAT THERE ARE NO NEW PLACES TO GROW. RRC Associates 4 Town of Vail Community Survey 2002 'Resident Status: Comment: Resident AFFORDABLE HOUSING FOR EMPLOYEES AND MAINTAINING INFRASTRUCTURE FROM THE 70'S. Resident AFFORDABLE HOUSING, SALES TAX REVENUE. Resident BALANCE THE BUDGET, IT IS GOING OUT OF LINE. WE ARE BEHIND ON SALES TAX COLLECTION. (P) MANAGE THE SERVICES OF THE TOWN AND THERE SHOULD BE BALANCE IN HOW WE COLLECT THE TAXES AND HOW IT tS SPENT. Resident COST OF LIVING AND PARKING. Resident EMPLOYEE HOUSING AND RENEWAL. THE STRUCTURES ARE GETTING OLD AND NEED TO BE REDONE, PARTICULARLY MINE. I KNOW THEY ARE IN THE PROCESS OF RENEWAL. Resident GROWTH IS A PROBLEM. (P) THE NUMBER OF PEOPLE COMING TO VAIL IS TOO GREAT FOR THE OPEN SPACES. HOUSING IS LIMITED. Resident HOUSING AND PROTECTION OF THE ENVIRONMENT. Resident HOW THEY MANAGE THE MONEY. THEY ARE SPENDING MORE THEN THEY ARE BRINGING IN. (P) THEY BUDGET FOR PET PROJECTS RATHER THEN WHAT IS IN THE BEST INTEREST OF THE CITIZENS. Resident LACK OF EMPLOYEE HOUSING AND A NEED FOR FOCUS ON THE TOWN FINANCES. Resident LEADERSHIP, AND FINANCIAL RESOURCES. Resident OVERDEVELOPMENT AND GROWTH OF POPULATION. (P) STAYING COMPETITIVE WITH OTHER RESORT TOWNS. Resident OVERSPENDING IN THE GOVERNMENT. LOOKING TO THE WRONG PLACES FOR SPENDING. Resident PARKING, AND SLOW DOWN THE TRAFFIC TO 50 MPH. Resident PARKING, I DON'T LIKE THE PARKING ON FRONTAGE ROAD. IT'S UNSAFE AND MAKES THE ROAD TO NARROW. ONE OF THE BUSES HIT A CAR DOOR. (P) RENOVATION OF LIONS HEAD. Resident • REDEVELOPMENT AND EMPLOYEE HOUSING. Resident RENOVATION OF LIONSHEAD IS PROBABLY ONE, AND PARKING IS ANOTHER. I GUESS THAT'S IT. (P) THE PLANS THAT THEY'VE HAD ONGOING FOR 5 OR MORE YEARS TO TEAR DOWN THE GONDOLA BUILDING AND OTHER STRUCTURES, AND I GUESS THE PLAN IS TO BUILD A CONDOMINIUM HOTEL. Resident ;TAX REVENUE, AND OPEN SPACE. Resident THE BUDDY PASSES THAT SHOULD BE GOOD FROM MONDAY TO THURSDAY. YOU ARE SCARING AWAY THE CUSTOMER AND PEOPLE WILL NOT STAY AND BUY ANYTHING. IT IS HURTING THE TOWN. THE CUSTOMER WILL NOT COME BACK. RRC Associates 5 Town of Vail Community Survey 2002 Resident THE LIONSHEAD REDEVELOPMENT AND THE NEED FOR A CONFERENCE CENTER. Resident THE PARKING ON THE WEEKENDS DURING THE SKIING SEASON. ENVIRONMENTAL AND OPEN SPACE CONCERNS.' Resident THEY DON'T THINK THEY ARE A RESORT AND THEY ARE. THE RELATIONSHIP BETWEEN THE COMMUNITY AND THE RESORT. Resident THEY NEED TO HAVE MORE AMENITIES FOR AGING PEOPLE AND A FORMAL RETIREMENT FACILITY WITH THREE LEVELS OF CARE. Resident VILLAGE INFRASTRUCTURE. (P) SUCCESS OF THE SKI _ RESORT. (P) LIKE THE STREETS, AND THE GENERAL UPKEEP IN THE VILLAGE. BRICK LAYERS, BROKEN STEPS, STUFF LIKE THAT. BASICALLY, THE VILLAGE HAS DETERIORATED, AND NEEDS A FACE LIFT. Resitlent Status:' Comment: `' Business Owner I'D SAY THE LIONSHEAD PROBLEM NEEDS TO BE ADDRESSED. THE OVERALL COST OF LIVING IS TOO HIGH. (P) I THINK THERE ARE MORE THAN ONE WAY TO FIX LIONSHEAD AND THERE IS PROBABLY EIGHT DIFFERENT WAYS TO DO IT. THE LONGER THEY WAIT THE WORSE IT GETS. Business Owner NUMBER ONE WOULD BE REDEVELOPMENT, LIKE THE VAIL RENAISSANCE AT LIONSHEAD VILLAGE, AND NUMBER TWO IS THE BUDGET. Business Owner THE REDEVELOPMENT OF LIONSHEAD IS THE MOST IMPORTANT FOR US. WE FEEL THAT THAT AREA HAS BEEN NEGLECTED. Business Owner LOCAL LONG TERM HOUSING, NOT JUST FOR THE ANNUAL SKI BUMS. RENOVATION OF THE VILL-AGE AND LIONSHEAD. Business Owner GROWTH MANAGEMENT MEANING CONTROLLING AND CONTINUING GROWTH EVERYWHERE, NOT JUST DOWN VALLEY. THERE NEEDS TO BE RESTORED CONFIDENCE IN VAIL ASSOCIATES. Business Owner FAILURE OF RETAIL AROUND THE LODGE DUE TO THE THE ONE PERCENT TAX. THEY CHASED ALL THE RETAILERS OUT OF THERE AND THE RENTS ARE TOO HIGH. PEOPLE ARE BEING DRIVEN DOWN VALLEY. Business Owner EMPLOYEE HOUSING AND THE PARKING PROBLEM ON THE WEEKENDS WHEN PEOPLE ARE STUCK PARKING ON THE ROAD. Business Owner AFFORDABLE HOUSING FOR WORKERS. (P) REDEVELOPMENT OF LIONSHEAD. RRC Associates MEMORANDUM TO: The Vail Town Council FROM: Chris Cares, RRC Associates, Inc. RE: Town of Vail Community Survey Results - 2002 DATE: June 13, 2002 Introduction As you know, for the fifteenth consecutive year, the Town of Vail conducted a survey of Town residents, absentee property and business owners to evaluate opinions on a variety of issues. RRC Associates assisted in this effort. The purpose of the survey was to evaluate stakeholders' levels of satisfaction with respect to a full range of community services, and to gather opinions on selected issues currently facing the Vail community. The Vail .Community Survey was conducted entirely by telephone this year. The survey was designed to permit comparisons to past versions of the survey conducted by telephone (for example, in 1999) and by other techniques (mailback, the Internet) in prior years. The telephone survey resulted in a total of 400 completed interviews conducted during a two week period in late March/early April. In addition, 26 mailback surveys were received from residents that were not contacted via telephone but that wanted to complete a survey form. These responses were tabulated but not merged with the randomly sampled questionnaires. The "open ended" comments from these respondents have been provided along with other open-ended comments from the telephone survey. Again this year, survey results were summarized and are available using a web-based dissemination of findings. Results are available by clicking on the Town's website from either a home/office computer, or from computers available at the Town Library. Reporting Community Survey responses using the Town's web site represented a new form of Town communications last year. We have continued the program this year to not only make responses available in a .user-friendly format, which does not require excessive paper, but to also allow interested citizens the opportunity to comment further on results. The complete results from the telephone survey research from this season may be viewed by clicking on: htt //www vailgov corn/town council/community survey/2002 You will note that the web site has numerous opportunities to a-mail comments regarding the survey findings to town staff. Any comments received through the web site will be forwarded to appropriate individuals. In the report provided on the web site comparisons are frequently made to the 1999 Community Survey. That was the last year that the survey was conducted exclusively with telephone interviewing. Therefore, it represents the best single point of comparison upon which to measure changes and trends. In addition to reporting comet nts received on a numberof open ended questions.cThese listings of the verbatim results are presented in lists that provide a broad commentary on a number of aspects of Town services and issues. An Overview of Findings Location of Respondents: The geographic location of households responding is similar to past years. Comparing to the 1999 survey, although there are slightly less respondents from West Vail (28 percent compared to 34 percent), less from Vail Village (2 percent compared to 7 percent) and more responses from Potato Patch/Sandstone (12 percent versus 8 percent). In general, the differences in responses from the different geographic locations in town are minor. However, to allow analysis by location within the town, complete cross tabulations breaking results down by area, were provided to the town under separate cover. About 74 percent of respondents own their residence, with 26 percent renters. Registered voters made up 64 percent of responses, identical to the percentage, in 1999. Respondents were more likely to be single than other marital categories, but with 20 percent of respondents reporting that they are a household with children, compared to 24 percent in 1999. The duration of residency in the town is very similar to past years: 5 percent have lived in Vail less than a year, 30 percent within 1 to 5 years, 33 percent between 6 and 15 years, and 32 percent over 1 year. Ratings: Again, as in past years, blocks of rating questions make up much of the survey. As in the past, ratings from second homeowners/ seasonal residents are generally higher than those from year round residents. Ratings are little changed from last year (2001) or from 1999. There are minor differences of one to two percentage points, some up and some down, but overall ratings are little changed when measured in statistical terms. On a positive note, the categories that show statistically significant change from 1999 are all in an upward (positive) direction. These include "overall park maintenance," the "frequency of the in-town shuttle" and "overall parking fees/price structure." Comparing to last season there were some other areas of significant improvement including: Friendliness and courteous attitude of public works employees, your confidence in the ability of the Vail fire department, bus driver courtesy, dependability of bus service, cleanliness of buses, booth attendant courtesy, speed of parking transaction and cleanliness of pedestrian villages. Based upon discussions with staff, the improvement in the cleanliness ratings for the village areas are particularly gratifying because this was an area that had been singled out for attention. A question rating the Town Council in terms of "responsiveness" was again asked.. Results were very similar to 1999. When measured on an "average" basis the 2002 rating is 2.09, statistically unchanged from 1999 on a three-point scale (`gotten worse, same, gotten better"). About 30 percent say the Council has gotten better in the past year and 49 percent said it had "remained the same." Identification of Issues: As in 1999, respondents were asked, "what do you believe are the two biggest issues, in order of priority, facing the Town of Vail?" Affordable housing and parking top the list of community concerns this year. While the lack of housing has consistently been identified as an area of focus, this year was the first time that parking was identified as a significant issue. In particular, respondents identified parking on peak winter weekends as an area of concern. In addition to parking and housing, survey respondents identified other categories of concern, although not as frequently. When grouped into general headings, the other areas of concern include: redevelopment/Lionshead, growth, environmental protection, economic viability, maintaining Vail's community characteristics and a call for more fiscal responsibility by town government. The open ended comments concerning the "biggest issues" as well as other comments are provided on the web site. They offer a feel for the types of issues and concerns that are identified by Vail residents, in their own words. Results from the Community Survey will be available on line at the Town's web site and a brief overview of findings will be presented by Chris Cares at the July 2"d Town Council meeting. Comments or questions on the surveys may be forwarded to Suzanne Silverthom who will coordinate responses from either the consulting team or other appropriate departments. S:\worddocs\VAI L\TOWN\2001 \overviewmemo. doc Town of Vail Community Survey 2002 Overview of Results Introduction For the fifteenth consecutive year, the Town of Vail conducted a survey of Town residents, absentee property owners, and business owners to evaluate opinions on a variety of issues. The purpose of the survey was to evaluate respondents' level of satisfaction with respect to a full range of community services, and to gather opinions on selected issues currently facing the Vail community. This year, similar to 1999, the Vail Community Survey was conducted entirely by telephone. A random sampling of 400 households received calls during a two week period, late March to early April. Responses included 74 percent participation from year round residents of Vail, 19 percent from seasonal residents (second homeowners). The remaining 7 percent of responses were from absentee business owners. These proportions are similar to the proportions of participants in past years. Overview Location of Respondents: The geographic location of households responding is similar to past years. Comparing to the 1999 survey, although there are slightly less respondents from West Vail (29 percent compared to 34 percent), less from Vail Village (3 percent compared to 7 percent) and more responses from Potato Patch/Sandstone (10 percent versus 8 percent). In general, the differences in responses from the different geographic locations in town are minor. However, to allow analysis by location within the town, complete crosstabulations breaking results down by area, were provided to the town under separate cover.- About 81 percent of respondents own their residence, with 19 percent renters. Of course, these figures are increased by the inclusion of second homeowners. Among residents, the percentage of owners was 74 percent. Registered voters made up 49 percent of responses, identical to the percentage in 1999, or 64 percent among residents. Respondents were more likely to be single than other marital categories, but with 20 percent of resident respondents reporting that they are a household with children, compared to 24 percent in 1999. The duration of residency in the town is very similar to past years: 5 percent of residents have lived in Vail less than a year, 30 percent within 1 to 5 years, 33 percent between 6 and 15 years, and 32 percent over 15 years. Ratings: Again, as in past years, blocks of rating questions make up much of the survey. As in the past, ratings from second homeowners/ seasonal residents are generally higher than those from year round residents. Ratings are little changed from last year (2001) or from 1,999. There are minor differences of one to two percentage points, some up and some down, but overall ratings are little changed when measured in statistical terms. On a positive note, the categories that show statistically significant change from 1999 are all in an upward (positive) direction. These include "overall park maintenance," the "frequency of the in-town shuttle" and "overall parking fees/price structure." Comparing to last season there were some other areas of significant improvement including: Friendliness and courteous attitude of public works employees, your confidence in the ability of the Vail fire department, bus driver courtesy, dependability of bus service, cleanliness of buses, booth attendant courtesy, speed of .parking transaction and cleanliness of pedestrian villages. Based upon discussions with staff, the improvement in the cleanliness ratings for the village areas are particularly gratifying because this was an area that had been singled out for attention. A question rating the Town Council in terms of "responsiveness" was again asked. Results were very similar to 1999. When measured on an "average" basin ten wo~se, rating is 2.09, statistically unchanged from 1999 on a three-point scale ( g same, gotten better"). About 30 percent say the Council has gotten better in the past year and 49 percent said it had "remained the same." A similar question was asked about current town staff. Results showed an average rating of 2.26 on the three point scale, with 33 percent saying it had gotten better in the last year, 7 percent saying it had gotten worse and 61 percent calling it "the same." Interestingly, residents (33 percent "better" and second homeowners 31 percent "better" had similar opinions about their ratings of town staff. Identification of Issues: As in 1999, respondents were asked, "what do you believe are the two biggest.issues, in order of priority, facing the Town of Vail?" Affordable housing and parking top the list of community concerns this year. While the lack of housing has consistently been identified as an area of focus,, this year was the first time that parking was identified as a significant issue. In particular, respondents identified parking on peak winter weekends as an area of concern. In addition to parking and housing, survey respondents identified other categories of concern, although not as frequently. When grouped into general heading, the other areas of concern include: redevelopment/Lionshead, growth,- environmental protection, economic viability, maintaining Vail's community characteristics and a call for more fiscal responsibility by town government. The open ended comments concerning the "biggest issues" as well as other comments are provided on the web site. They offer a feel for the types of issues and concerns that are identified by Vail residents, in their own words. Although more respondents, 41 percent, said Vail's "overall sense of community" has gotten worse during the past year than the 29 percent who said it had improved, the percentage of improvement increased slightly this year. Last year, just 18 percent noted an improvement in the sense of community, while 40 percent said it had gotten worse. Among year round residents this figure is 31 percent saying it has improved, with 44 percent saying it has gotten worse. Information Outlets: In general, those interviewed are satisfied with the information that is available concerning Town of Vail government. About 24 percent are "very satisfied" and an additional 37 percent rated the information a 4 on the five point scale. Respondents were asked about the "outlets that are used to keep yourself_informed" about the Town of Vail. There were clear patterns in the responses with a wide variety of sources used to stay informed. However, when asked which source is "most effective" the Vail Daily was the clear leader. It eclipsed mailings, e-mails, faxes, attending meetings, local cable television, and all other sources identified. It was the clear leader among both residents and second homeowners alike. However; the Y' reliance of second homeowners on the Town of Vail website as the "most effective source" (13 percent) is notable. Comments/Printing Results: The survey has a margin of error factor of plus or minus about five percent. This electronic presentation of results is in its second year, allowing residents, second homeowners and interested parties to obtain and print survey findings from the Town's web site. These results can be accessed from home, vuork or the Vail Library. On each of the individual pages that make up this site, note that there is a yellow "button" available to address comments to the Town concerning survey results. Any comments received will be forwarded to the appropriate department or individual by Suzanne Silverthorn. Also, note that the survey results may be printed from the web site by simply following the print instructions for your computer. For more information contact Suzanne Silverthorn in the Town of Vail Community Information Office at a-mail ssilverthom(a)ci.vail.co.us. Town of Vail Community Survey 2002 FIRST, A FEW QUESTIONS ABOUT TOWN OF VAIL GOVERNMENT... 1. ,Over the past year, how would you rate the responsiveness of the following groups? Has their responsiveness gotten worse, stayed the same, or gotten better? GOTTEN STAYED THE GETTING WORSE SAME BETTER Current Town Council 18% 51 % 31% mean=2.12 n=267 Planning and Environmental 19 58 23 mean=2.03 n=247 Commission (also known as the. PEC) Design Review Board (a.k.a. as the DRB) 27 49 25 mean=1.98 n=222 Art in Public Places Board (a.k.a. as AIPP) 12 54 33 mean=2.21 n=230 Town of Vail staff 7 60 33 mean=2.26 n=388 2. How satisfied are you with town administration services? Use a scale from 1 to 5 where 1 means "not at all satisfied" and 5 means "very satisfied" to rate each of the following items. NOT AT ALL VERY . SATISFIED SATISFIED DK General administration (town manager's office, finance department, 3% 6% 34% 41% 16% mean=3.6 n=313 town clerk's office, human resources dept.) Municipal Court 5 7 33 29 26 mean=3.7 n=198 3. What outlets do you use to keep yourself informed about the Town of Vail? n=421 Most effective source n=415 22% .Attendance at Town meetings 2% 43 Individual contact with local officials and/or staff 4 60 Local cable television 5 44 Local radio 1 44 Mailings, faxes or email directly from the Town 6 29 Town of Vail website 4 95 Vail Daily 65 66 Vail Trail 6 86 Word of mouthlfriends 6 Other 1 Which is the most effective source? 4. Overall, on the same 1 to 5 scale, how satisfied are you with the information that is available to you concerning Town government activities and issues? NOT AT ALL VERY SATISFIED SATISFIED 2% 7 29 38 24 mean=3.7 n=388 5. In a word or two, what do you believe are the two biggest issues, in order of priority, facing the Town of Vail? 1 The Community Development Department provides planning, design review, environmental programs, and building and restaurant services. 6. Have you used the Community Development Department with the past 12 months? 20% Yes 80% No n=398 7. Please rate your satisfaction with the following aspects of the Community Development Department. Use the same 1 to 5 scale as before. Overall service and efficiency Courtesy and attitude Building permit review and inspections Livability ofVail (environment, quality of development, amenities versus cost to live here) Environmental quality in the Town of Vail (air, water, etc.) duality of new development and redevelopment over the past two years (Antlers, Marriott, Vail Mountain Lodge~ormeliy Vail Athletic Club, etc.) Cleanliness of restaurants in Vail NOT AT ALL VERY SATISFIED SATISFIED 3% 15% 29% 29% 24% mean=3.6 n=79 5 5 15 49 25 mean=3:8 n=79 9 14 11 40 26 mean=3.6 n=57 6 13 35 33 13 mean=3.3 n=79 3 9 27 34 28 mean=3.8 n=79 5 9 22 36 27 mean=3.7 n=77 3 6 23 43 25 mean=3.8 n=77 The Public Works Department provides maintenance of public areas including parks, roads and streets. 8. Rate your satisfaction with Public Works services in the Town of Vail; NOT AT ALL VERY SATISFIED SATISFIED Snow removal on Town of Vail roads 3% 3% 11% 35% 49% mean=4.2 n=390 Snow removal on Frontage Road 2 2 7 38 51 mean=4.4 n=388 Road and street maintenance by the Town of Vail 3 3 23 45 26 mean=3.9 n=397 Overall park maintenance 1 1 10 47 40 mean=4.3 n=381 Appearance and condition of town-owned buildings 2 4 26 43 25 mean=3.8 n=383 Friendliness and courteous attitude of Public Works employees 3 3 10 44 40 mean=4.2 n=353 Cleanliness of pedestrian villages 3 4 13 43 38 mean=4.1 n=391 Appearance and condition of town-owned playgrounds 1 3 14 40 42 mean=4.2 n=344 9. Have you utilized Fire Services within the past 12 months? 8% Yes 92% No n=397 z ction with the following aspects of Fire Services in the Town of Vail. ti f a s 10. Please rate your sa NOT AT ALL VERY SATISFIED SATISFIED Fire response timelarrival on scene 4% - 4% 15% 78% mean=4.6 n 27 Emergency medical services - - - 18 82 mean=4.8 n=17 Courtesy and attitude - - 16 13 71 mean=4.5 n=31 Your confidence in the ability of the Vail Fire Department - - 6 19 74 mean=4.7 n=31 11. Please rate your satisfaction with the following aspects of Police Services in the Town of Vail NOT AT ALL VERY SATISFIED SATISFIED DK Overall feeling of safety and security 2% ~ 2% 8% 39% 48% mean=4.3 n=394 Visibility of police footlvehide patrol 4 9 18 37 32 mean=3.8 n=383 Friendliness and approachability of 3 4 10 33 51 mean=4.2 n=356 Vail police department employees Overall quality of service 4 3 14 46 34 mean=4.0 n=370 Overall fairness of police employees 6 5 16 40 33 mean=3.9 n=292 12. Is the level of enforcement for the following too little, just about right, or too much? T00 JUST ABOUT T00 LITTLE RIGHT MUCH Traffic enforcement (speeding, DUI, reckless driving, etc.) 14% 77% 9% n=364 Parking enforcement 14 65 21 n=369 Code enforcement (signage, abandoned vehicles, etc.) 14 76 10 n=335 ntact with animal control within the past 12 months? 14% Yes d h 86% No n=397 co a 13. Have you 14. Please rate your satisfaction with animal control services. NOT AT ALL VERY SATISFIED SATISFIED Response time to complaints 5% 9% 33% 28% 26% mean=3.6 n=43 8 9 21 25 38 mean=3.8 n=53 Overall quality of service 15. Are patrols for leash law violations too little, just right, Too JUST Too Or too much? LrfTLE RIGHT MUCH 33% 46% 21% n=52 16. Please rate your satisfaction with bus service. NOT AT ALL VERY SATISFIED SATISFIED Frequency of In-town shuttle 1% 3% 12% 27% 57% mean=4.4 n=365 3 Frequency of outlying service 2 7 15 35 41 mean=4.1 n=286 Bus driver courtesy 1 2 15 33 50 mean=4.3 n=365 Dependability of bus service 1 3 8 34 54 mean=4.4 n=372 Cleanliness of buses 1 3 17 42 37 mean=4.1 n=364 17. Please rate your satisfaction with public parking services in Vail. NOT AT ALL VERY SATISFIED SATISFIED DK Booth attendant courtesy 2% 3% 15% 41% 39% mean=4.1 n=335 Speed of transaction at staffed exit booths 3 5 16 45 32 _ mean=4A n=335 Speed of transaction at automatic exit booths 2 3 12 35 48 mean=4.2 n=320 Overall parking fees/pricing structure 14 15 27 28 16 mean=3.2 n=350 Appearance and cleanliness of parking structures 4 8 22 45 21 mean=3.7 n=362 18. Do you hold a library card in the Town of Vail? 62% Yes 38% No n=397 19. Have you visited, called or e-mailed the library within the past 12 months? 60% Yes 40% No n=398 20. Please rate your satisfaction with the following Vail library services and facilities. NOT AT ALL VERY SATISFIED SATISFIED Material checkout 1% 1% 6% 40% 52% Fiction and non-fiction books - 3 14 37 45 Magazines and newspapers - - 9 36 55 Youth materials - 1 13 34 52 Alternative media (videos, DVDs, books on tape) - 1 13 40 47 Parking availability for library use 13 17 28 22 20 Do you have any comments or suggestions about the library? mean=4.4 n=216 mean=4.2 n=205 mean=4.5 n=201 mean=4.4 n=144 mean=4.3 n=184 mean=3.2 n=205 21. Over the past two years has the sense of community within the Town improved, gotten worse or stayed the same? 30% Improved n=397 41 Gotten worse 19 Stayed the same 9 Don't knowlno opinion 4 Please provide the following demographic information. Please remember that all responses remain strictly confidential and are reported only in group format. 22. Where is your residence within the Town of Vail located? n=396 30% East Vail 2 Booth Falls and Bald Mountain Road areas 1 Booth CreeklAspen Lane 5 Golf Course 4 Vail Village 10 Lionshead 10 Potato Patch, Sandstone 3 Buffehr Creek, Lionsridge, the Valley 1 Vail CommonslSafewayarea 23 West Vail (north of I-70) 2 Matterhorn, Glen Lyon 5 Intermountain . 1 Not aresident ofthe-Town of Vail 5 Other 23. Do you own or rent your residence? n=397 80% Own 20 Rent - Other (specify) 24. How long have you lived within the Town of Vail (or owned property if anon-resident)? n=396 5% Less than 1 year 27 1-5 years 34 6-15 years 34 More than 15 years 25. Do you have computer access to the World Wide Web? n=397 87% Yes 13 No 26. Which of the following best describes you? n=398 7% Non-resident owner of businesslcomm. property (SKIP NEXT QUESTION] 57 Year-round resident (12 monthslyear) 36 Seasonal resident (IF RESIDENT) Do you own or operate a business within the Town of Vail? n=372 16%Yes 84 No 27. Are you a registered voter in Vail? n=395 48% Yes 52 No S 28. Which of these categories best describes your marital status? n=397 29% Single, no children 17 Couple, no children 25 Household with children 28 Empty-nester, children no longer at home Do you have any additional comments or suggestions for Town of Vail government? Would you like to be included in our a-mail notification file? (PLEASE PRINT CLEARLY) Name e-mail address @ Thank you for your participation in our continuing evaluation program. Please attach sheet for additional comments or suggestions. 6 Charlotte, NC 12.00% Raleigh, NC 12.00% Tampa, Fl 12.00% Des Moines, Ia 12.00% Aspen DTN 11.80% Kansas City, Mo 11.95% Norfolk, Va 11.50% Honolulu, Hi 11.42% Maui, Hi 11.42% Salt Lake City, Ut 11.20% Park City, Ut '11.10% Oakland, Ca 11.00% Indianapolis, In 11.00% Orlando, Fl 11.00% Albuquerque, NM 11.00% Las Vegas, Nv DTN 11.00% Portland, Or 11.00% Beaver Creek, Co 10.99% Steamboat Sp, Co 10.95% Snowmass Village 10.89% Granby, Co 10.80% Breckenridge, Co 10.55% Telluride, Co 10.40% San Diego, Ca 10.50% Tucson, Az 10.50% Cincinnati, Oh 10.50% Oklahoma City, Ok 10.38% Whistler-Blackcomb, BC 10.25% Santa Fe, NM 10.25% Little Rock, Ar 10.13% Keystone, CO 10.10% Palm Springs, Ca area 10.00% San Jose; Ca 10.00% Aspen area 9.80% Vail, Co 9.80% Boston, Ma 9.70% Las Vegas, Nv area 9.00% ~. -, TAX RATES ON OVERNIGHT LODGING THROUGHOUT THE US Los Angeles, Ca San Francisco, Ca Long Beach, Ca Sacramento, Ca Houston, Tx. Columbus, Oh Seattle, Wa Detroit, Mi Anaheim, Ca San Antonio, Tx Dallas, Tx Chicago,Il St. Louis, Mo Milwaukee, Wi Atlanta, Ga Cleveland, Oh Pittsburg, Pa El Paso, Tx Memphis, Tn. Denver, Co Reno, Nv New York, NY Arlington, Tx Corpus Christi, Tx Fort Worth, Tx Philadelphia, Pa Washington, D. C. New Orleans, La Hartford, Ct Avon, Co Baltimore, Md Miami, Fl Minneapolis, Mn Palm Springs, Ca Reno, Nv Lexington, Ky Louisville, Ky Nashville, Tn Phoenix, Az DTN DTN area 22.50% 22.50% 20.50% 20.50% 17.00% 15.75% 15.60% 15.00% 15.00% 15.00% 15.00% 14.90% 14.87% 14.60% 14.60% 14.50% 14.00% 14.00% 13.75% 13.50 13.50% 13.25% 13.00% 13.00% 13.00% 13.00% 13.00% 13.00% 12.60% 12.50% 12.50% 12.50% 12.50% 12.50% 12.50% 12.36% 12.30% 12.25% 12.07% MCMAHAN AND ASSOCIATES, L.L.C. Certified Public Accountants and Consultants WEB SITE: WWW.MCMAHANCPA.COM SUITE 22Z/AVON CENTER TELEPHONE: (97O) 84S-88O0 I OO WEST BEAVER CREEK BLVD. FACSIMILE: (97O) 84S-O8S I F.O. BOX S9SO AVON, CO $ I F>2O E-MAIL: MCMAHAN QOMCMAHANCPA.COM To the Mayor, Members of Town,Council, and Town Administration Town of Vail, Colorado We have recently completed the audit of the Town of Vail, Colorado (the "Town") for the year ended December 31, 2001. This letter, which is presented to assist you in your review of the Town's audited financial statements, provides an overview of the year and discusses some of the Town's recent financial trends. SUMMARY of AVAILABLE RESOURCES The following analysis of the Town's expendable resources for the past two years shows that 2001 resulted in a net increase in available resources of more than $1.7 million, or almost 9% of the 2000 base: Net Change: Balance Balance Increase Dec. 31, 2001 Dec. 31, 2000 (Decrease) Change Fund equity -General Fund $ 6,289,386 4,724,309 1,565,077 33% less: Reserved fund balance (1,459,792) (1,286,537) (173,255) 13% Fund equity -All Special Revenue funds 16,577,221 16,415,339 161,882 1 Fund equity -Debt Service Fund 131,948 170,352 (38,404) -23% less: Reserved fund balance (131,948) (170,352) 38,404 -23% Fund equity - Internal Service funds 4,398,814 4,279,337 119,477 3% less: Contributed capital (1,176,679) (1,549,625) 372,946 -24% less: Net book value of fixed assets (2,693,090) (2,434,928) (258,162) 11% Total Available Resources $ 21,935,860 20,147,895 1,787,965 8.87% Actual summarized results for 2001, by fund, are as follows: Beginning Net Net Ending Fund Transfers Increase Fund Balances Revenues Expenditures Inl(Out) (Decrease) Balances General Fund 4,724,309 20,926,820 1 9,044,743 (317,000) 1,565,077 6,289,386 Special Revenue funds: Capital Projects Fund 8,624,485 8,890,575 5,232,001 (2,262,958) 1,395,616 10,020,101 RETT Fund 7,762,562 3,982,107 5,222,000 - (1,239,893) 6,522,669 Marketing Fund 28,292 322,073 315,914 - 6,159 34,451 Debt Service Fund 170,352 18,082 2,319,444 2,262,958 (38,404) 131,948 Internal Service funds: Heavy Equipment Fund 2,251,317 2,391,812 1,919,797 - 472,015 2,723,332 Health Insurance Fund 477,396 1,422,120 1,350,014 - 72,106 549,502 Dispatch Services Fund 999 1,326,699 1,378,397 - (51,698) (50,699) TOTALS 24,039,712 39,280,288 36,782,310 (317,000) 2,180,978 26,220,690 Pen`orrning services for local governments throughout Colorado D. Jerry McMahan, C.P.A. Daniel R. Cudahy, C.P.A. Paul J. Backes, C.P.A. Michael N. Jenkins, C.A., C.P.A. Members: American Institute o~ Certi~ied Pudic Accountants/Colorado Society o~ Certi~ied Pudic Accountants National and Colorado Government Finance O~licers Association/Colorado Municipal League To the Mayor, Members of Town Council, and Town Administration Town of Vail, Colorado Page 2 of 4 General Fund General Fund - 2001 Variance: Budget Favorable (as amended) Actual (Unfavorable) Revenues 19,656,996 20,926,820 1,269,824 Expenditures (19,784,364) (19,044,743) 739,621 Revenues over (under) Expenditures (127,368) 1,882,077 2,009,445 Transfers in (out) -net (317,000) (317,000) - Increase (Decrease) in Fund Balance (444,368) 1,565,077 2,009,445 Fund Balances -January 1 4,724,309 4,724,309 - Fund Balances -December 31 4,279,941 6,289,386 2,009,445 As shown on page C1 of the 2001 audited financial statements, total General Fund revenues were $1.27 million higher than anticipated in the amended budget, and $1.8 million (9%) higher than 2000 results. Significant budget variances were realized during 2001 for the following revenue categories: Variance: Favorable Line Item (Unfavorable) Comments Taxes $ 369,518 Resort fees exceeded budget by $217,000 due to conservative budgeting. Licenses and permits 122,571 Building permits were $139,000 higher than expected, due to increased construction activity. Charges for services 307,206 Parking revenues were $313,000 higher than budgeted, due to conservative budgeting. Other revenues 462,105 Bond escrow refund ($194,000) was not budgeted. Conservative budgeting of investment income. The proportion of General Fund revenue attributable to taxes has remained relatively consistent in 2000 and 2001 at approximately 70%. No material changes were noted in the proportion of other revenues realized during 2001. Page C2 of the 2001 audited financial statements indicates that aggregate General Fund expenditures (including transfers) were $739,000 lower than projected in the amended budget for the year, but $1.3 million higher than 2000 results. Positive budget variances were realized in almost every department for 2001, due to the combined impact of conservative budgeting and unfilled staffing vacancies. During 2001, the Town transferred $317,000 to Vail Local Marketing District ("VLMD"), a component unit of the Town, as a repayable advance to fund VLMD's short-term working capital needs. As of December 31, 2001, the Town's General Fund balance equaled approximately 32% of General Fund expenditures for the 2001 fiscal year, which is an approximately 6-percentage point increase over the preceding year. Accumulating reserves can help fund future commitments, should reduced current revenues be realized due to unforeseen economic conditions To the Mayor, Members of Town Council, and Town Administration Town of Vail, Colorado Page 3 of 4 Special Revenue Funds All Special Revenue Funds - 2001 Variance: Budget Favorable (as amended) Actual (Unfavorable) Revenues 14,077,403 13,194,755 (882,648) Expenditures (15,275,458) (10,769,915) 4,505,543 Revenues over (under) Expenditures (1,198,055) 2,424,840 3,622,895 Transfers in (out) -net (2,324,908) (2,262,958) 61,950 Increase (Decrease) in Fund Balance (3,522,963) 161,882 3,684,845 Fund Balances -January 1 16,415,339 16,415,339 - Fund Balances -December 31 12,892,376 16,577,221 3,684,845 The Town has 3 special revenue funds (Capital Projects Fund, Real Estate Transfer Tax Fund, and Vail Marketing Fund) which are used to account for legally "earmarked" revenues. Budget and actual comparisons for these funds are presented on pages C5, C7, and C9 (respectively) of the 2001 report. Total 2001 revenues in the Special Revenue funds were $882,000 less than projected in the amended budget, and almost $1.5 million (10%) less than the preceding year. Aggregate expenditures for the Special Revenue funds were $4.51 million lower than budgeted, but approximately $359,000 higher than for 2000. The more significant 2001 budget variances are discussed below: Variance: Favorable Line Item (Unfavorable) Comments Revenues: Taxes $ 210,205 Real estate transfer taxes were $129,000 higher than expected, due to conservative budgeting. Licenses and permits (131,379) Postponement of a major construction project resulted in a $112,000 negative variance for recreation amenity fees. Miscellaneous revenues (891,607) Revenue from the sale of "buydown" housing units was $980,000 lower than budgeted. This was partially offset by higher than expected revenues from reimbursement of project costs ($94,000 higher than budgeted). Expenditures: Capital projects 4,473,289 Total expenditures for this line item within the Capital Projects Fund were $2.84 million lower than budgeted, due to delays in the Donovan Park project ($321,000 below budget), deferral of the Town's "buydown" of housing units ($1.08 million less than budgeted) and purchase of other employee housing units ($260,000 below budget). In the RETT Fund, total capital projects costs were $1.62 million lower than budgeted, primarily due to delays in the Donovan Park -Lower Bench project ($813,000 below budget), and the deferral into 2002 of a portion of the work on the Red Sandstone Soccer field ($146,000 less than the amended budget). To the Mayor, Members of Town Council, and Town Administration Town of Vail, Colorado Page 4 of 4 Debt Service Fund As shown on page A4 of the 2001 audited financial statements, the Debt Service Fund ended the fiscal year $38,000 behind projections, primarily because the actual transfer from the Capital Projects Fund was $61,950 lower than expected in the amended budget. Internal Service Funds All Internal Service Funds - 2001 Variance: Budget Favorable (as amended) A ual (Unfavorable) Revenues 4,958,831 4,721,308 (237,523) Expenses (5,383,622) (4,868,120) 515,502 Net Income (Loss) -Non-GAAP ("Budget") basi (424,791) (146,812) 277,979 Book value of retired equipment 419,323 Accrued vacation 8,126 Depreciation (626,163) Assets purchased 837,949 Net Income (Loss) - GAAP basis 492,423 The Town has 3 internal service funds (Heavy Equipment Fund, Health Insurance Fund, and Dispatch Services Fund) which are used to account for the provision of goods and services between Town departments and other governments on a cost recovery basis. Budget and actual comparisons for these funds are presented on pages C16, C17, and C18 (respectively) of the 2001 audited financial statements. Total 2001 revenues in the Town's Internal Service funds were $237,000 less than projected in the amended budget, primarily because insurance premiums ($151,000 lower than budgeted) and equipment usage charges ($99,000 below budget) charged to Town departments were lower than expected. However, aggregate expenses for the Internal Service funds were $515,000 lower than budgeted. Conservative budgeting of health claims ($364,000 better than budget) and vehicle upkeep costs ($158,000 less than budgeted) were the significant contributors to the positive variance in expenses. This report is intended solely for the information and use of Town Council, Town administration, and others designated by the Town. We appreciate this opportunity to be of service to the Town of Vail, and will be pleased to discuss these matters further with you. McMahan and Associates, L.L.C. March 21, 2002 1 TOWN OF VAIL Financial Statements r For the Fiscal Year Ended December 31, 2001 ~I r 1 TOWN OF VAIL Financial Statements For the Fiscal Year Ended December 3.1, 2001 i Town of Vail, Colorado Financial Report December 31, 2001 TABLE OF CONTENTS Page FINANCIAL SECTION: Independent Auditor's Report 1 General-Purpose Financial Statements: Combined Balance Sheet -All Fund Types and Account Groups Al -A 2 1 1 1 1 Combined Statement of Revenues, Expenditures, and Changes in Fund Balances -All Governmental Fund Types A 3 Combined Statement of Revenues, Expenditures, and Changes in Fund Balances -Budget and Actual - General, Special Revenue and Debt Service Funds A 4 Combined Statement of Revenues, Expenses, and Changes in Fund Equity -All Proprietary Fund Types and Similar Trust Funds A 5 Combined Statement of Cash Flows -All Proprietary Fund Types A 6 Notes to the Financial Statements Bl -B22 COMBINING AND INDIVIDUAL FUND FINANCIAL STATEMENTS: General Fund: Statement of Revenues -Budget (GAAP Basis) and Actual C 1 Statement of Expenditures and Other Financing Uses - Budget (GAAP Basis) and Actual C 2 i Town of Vail, Colorado Financial Report December 31, 2001 TABLE OF CONTENTS (Continued) Page COMBINING AND INDIVIDUAL FUND FINANCIAL STATEMENTS (CONTINUED) Special Revenue Funds: Combining Balance Sheet C 3 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances C 4 Capital Projects Fund - Schedule of Revenues, Expenditures, and Transfers -Budget (GAAP Basis) and Actual C 5 Capital Projects Fund -Schedule of Project Expenditures -Budget and Actual Comparison C 6 Real Estate Transfer Tax Fund -Schedule of Revenues and Expenditures and Transfers -Budget (GAAP Basis) and Actual C 7 Real Estate Transfer Tax Fund -Schedule of Project Expenditures -Budget and Actual Comparison C 8 Vail Marketing Fund -Statement of Revenues and Expenditures -Budget (GAAP Basis) and Actual C 9 Debt Service Fund: Comparative Balance Sheet C10 Comparative Statement of Revenues, Expenditures, and Changes in Fund Balances Cl 1 Statement of Revenues and Expenditures - Budget (GAAP Basis) And Actual C12 u t Town of Vail, Colorado Financial Report December 31, 2001 TABLE OF CONTENTS (Continued) Page COMBINING AND INDIVIDUAL FUND FINANCIAL STATEMENTS (CONTINUED) Proprietary Fund Types: Internal Service Funds: Combining Balance Sheet Combining Statement of Revenues, Expenses and Changes in Retained Earnings Combining Statement of Cash Flows Heavy Equipment Fund -Schedule of Revenues and Expenses -Budget (Non-GAAP Basis) and Actual with a Reconciliation to GAAP Basis Health Insurance Fund -Schedule of Revenues and Expenses -Budget (GAAP Basis) and Actual Dispatch Services Fund -Schedule of Revenues and Expenses - Budget (Non-GAAP Basis) and Actual with a Reconciliation to GAAP Basis Fiduciary Fund Types: Expendable Trust Funds: Combining Balance Sheet Combining Statement of Revenues, Expenses, and Changes in Fund Balances iii C13 C14 C15 C16 C17 C18 C19 C20 Town of Vail, Colorado Financial Report December 31, 2001 TABLE OF CONTENTS (Continued) Page COMBINING AND INDIVIDUAL FUND FINANCIAL STATEMENTS (CONTINUED) Fiduciary Fund Types (continued): Expendable Trust Funds (continued): Pension Trust Fund -Comparative Statement of Revenues, Expenses and Changes in Fund Balances C21 Deferred Compensation Plan Fund -Comparative Statement of Revenues, Expenses, and Changes in Fund Balances C22 SUPPLEMENTARY INFORMATION: Groups of Accounts: Schedule of General Fixed Assets by Function C23 Comparative Schedule of General Long-Term Debt C24 Other Schedules: Debt Service -Schedule of Bond Principal and Interest Requirements in Future Years -General Obligation Refunding Bonds Series 1992A C25 Debt Service -Schedule of Bond Principal and Interest Requirements in Future Years -Sales Tax Revenue Refunding and Improvement Bonds Series 1992B C26 Debt Service -Schedule of Bond Principal and Interest Requirements in Future Years -Tax Exempt Sales Tax Revenue Bonds Series 1998A C27 Debt Service -Schedule of Bond Principal and Interest Requirements in Future Years -Taxable Sales Tax Revenue Bonds Series 1998B C28 iv Town of Vail, Colorado Financial Report December 31, 2001 TABLE OF CONTENTS (Continued) Page SUPPLEMENTARY INFORMATION: Other Schedules: Local Highway Finance Report C29 - C30 UNDERTAKING TO PROVIDE CONTINUING DISCLOSURE: Table I -Debt Service Coverage D 1 Table III -History of Town 4% Sales Tax Receipts D 1 Table IV -Monthly Comparison of Collections of Sales Tax D 1 Table V -Sales Tax Collections by Principal Sales Tax Generators D 2 Table VI -Capital Projects Fund 2001Actual/Projected 2002 - 2005 D 2 Table XIX -'History of General Fund Revenues, Expenditures, and Changes in Fund Balances D 3 Table XX -General Fund 2001 and 2002 Budget Summary and Comparison- D 4 Table XXI -Outstanding Revenue Obligations D 4 v MCMAHAN AND ASSOCIATES, L.L.C. Certified Public Accountants and Consultants SUITE 222~AVON CENTER I OO WEST BEAVER CREEK BLVD. P.O. BOx 5850 AvoN, CO 8 1620 INDEPENDENT AUDITOR'S REPORT To the Mayor and Members of Towu Council Town of Vail Vail, Colorado WEB SITE: WWW.MCMAHANCPA.COM TELEPHONE: (970) 845-8800 FACSIMILE: (970> 845-085 I E-MAIL: MCMAHAN@MCMAHANCPA.COM We have audited the accompanying general-purpose financial statements of the Town of Vail, Colorado, and the combining, individual fund and account group financial statements of the Town of Vail, Colorado as of and for the year ended December 31, 2001, as listed in the table of contents. These financial statements aze the responsibility of the Town's management. Our responsibility is to express an opinion on these fmancial statements based on our audit. We conducted our audit in accordance with U.S. generally accepted auditing standazds and Government Auditing Standards issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the fmancial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall fmancial statement presentation. We believe that our audit provides a reasonable basis for our opinion. In our opinion, the general-purpose fmancial statements referred to above present fairly, in all material respects, the fmancial position of the Town of Vail, Colorado as of December 31, 2001, and the results of its operations and its cash flows of its proprietary fund types for the year then ended, in conformity with U.S. generally accepted accounting principles. Also, in our opinion, the combining, individual fund, and account group financial statements referred to above present fairly, in all material respects, the financial position of each of the individual funds and account groups of the Town of Vail, Colorado at December 31, 2001 and the results of operations of such funds and cash flows of its individual proprietary funds for the yeaz then ended, in conformity with U.S. generally accepted accounting principles. ' Our audit was performed for the purpose of forming an opinion on the general-purpose financial statements taken as a whole and on the combining, individual fund, and account group financial statements. The i accompanying fmancial information presented as supplemental information found on pages C-23 through C-30 is presented for purposes of additional analysis and is not a required part of the general-purpose fmancial statements of the Town of Vail, Colorado. Such information has been subjected to the auditing procedures applied in the audit of the general-purpose, combining and individual fund and account group fmancial statements and, in our opinion, is fairly stated in all material respects in relation to the financial statements of each of the respective individual funds and account groups taken as a whole. The tables included for the undertaking to provide continuing disclosures found on pages D-1 through D-4 have not been audited by us, and accordingly, we do not express an opinion thereon. McMahan and Associates, L.L.C. March 21, 2002 D. Jerry McMahan, C.P.A. Paul J. Backes, C.P.A. Performing services for local governments throughout Colorado Daniel R. Cudahy, C.P.A. Michael N. Jenkins, C.A., C.P.A. Members: American Institute o~ Certifeed Public Accountants/Colorado Society o~ Certi~ied Public Accountants 1 National and Colorado Government Finance O~~icers Association/Colorado Municipal League 1 General Purpose Financial Statements The basic fmancial statements provide a summary overview of the fmancial position of all funds and account groups and operating results of all funds. They also serve as an introduction to the more detailed statements and schedules that follow. Town of Vail, Colorado Combined Balance Sheet All Turd Types and Account Croups Uecentber 3l, 2UU1 (With Comparative Totals Tor 2000) Proprietary Tiduciary Governmental Tund "Types Fwtd Type Tuud "type Account Groups Total (Memo Only) General Ceneral Repm•tiug Entity Special Debt Ltternal Trust & Tixed Long Term Primary Component General Revenue Service Servfce Agency Assets Debt Government Uuit 2001 2000 Assets Cash 8,391 8,391 243,341 251,732 51,400 Equity in pooled cash and investments 6,368,093 15,163,338 132,173 2,150,255 23,813,859 23,813,859 21,468,677 Investments -employee's retirement plan 29,319,355 29,319,355 29,319,355 30,987,014 Receivables: Taxes and lees 869,623 2,020,31 l 2,889,934 243,897 3,133,831 3,126,147 Other governments 13,949 1,053,068 1,067,017 1,067,0 l7 1,124,697 Special assessments 7,455 (2,340 19,795 19,795 24,228 Properly taxes assessed 2,646,694 2,646,694 2,646,694 2,415,229 Olhcr, qet of allowance for uncollectible accowtls 237,212 122,938 3,938 364,088 364,088 677,779 Loans to participants 199,747 199,747 199,747 317,290 Inventory 179,134 179,134 179,134 168,970 Prepaid expenses 398,800 28,434 427,234 55,860 483,094 495,621 Properly, plant and equipment, net 2,693,090 76,538,438 79,231,528 79,231,528 74,908,757 Amount to be provided for payment of general long term debt 20,057,537 20,057,537 20,057,537 21,325,766 Amount available in debt service 1•unds 131,948 131,948 131,948 170,352 Total Assets 10,550,217 18,371,995 132,173 5,054,851 29,519,102 76,538,438 20,189,485 160,356,261 543,098 160,899,359 157,261,927 The accompanying notes are an integral part of these financial statements. Al Town of Vail, Colorado Combined Balance Sheet All Fund'I'ypes and Account Groups December 31, 2UU 1 (With Comparalive'I'olnls (or 2000) Liabilities Accounts/vouchers payable Accrued wages and benefits Relainage payable Deferred revenue Deferred revenue -property taxes assessed not collectible until subsequent years Deposits payable Leases payable . General obligation bonds payable Sales tax revenue bonds payable Accnied vacation payable 1'olal Liabilities I%und Cquily Contributed capital Inveslnrent in general fixed assets Retained earnings: Reserved for health insurance Reserved 1'or subsequent years' expenditures Unreserved Fund balances: Reserved for Symposium Reserved Cor employees' retirement plan Reserved for retirement of bonded debt Reserved for prepaid expenses Reserved for emergencies Reserved for capital reserve Designated for housing loan program Designated for police seizures Designated for subsequent years' expenditures Undcsignaled 'Iota! Fund Equity 'I'olnl Liabilities and Fund Equity Proprietary Eiducia~y Governmental Eund Types Fund'I'ype Fund'l'ype Account Groups Total (Memo Only) General General Reporting 1?ntity Special llebt Internal 'Trust Sc Fised Long Term Primary Component General Revenue Service Service Agency Assets llebt Government Unit 2001 2000 445,834 663,402 225 518,337 1,627,798 125,884 1,753,682 1,336,345 525,596 7,159 137,700 670,455 670,455 629,746 111,873 111,873 111,873 64,594 213,430 1,012,340 I ,225,770 I ,225,770 I ,240,260 2,646,694 2,646,694 2,646,694 2,415,229 429,277 429,277 429,277 356,77! 282,887 282,887 282,887 418,073 4,200,000 4,200,000 4,200,000 5,200,000 15,065,000 15,065,000 15,065,000 15,300,000 641,598 641,598 641,598 578,045 4,260,831 1,794,774 225 656,037 20,189,485 26,901,352 125,884 27,027,236 27,539,063 1,176,679 1,176,679 1,176,679 I ,549,625 76,538,438 76,538,438 76,538,438 72,473,829 549,502 549,502 549,502 352,396 187,263 187,263 187;263 336,772 2,485,370 2,485,370 2,485,370 2,040,544 10,992 10,992 10,992 10,992 29,519,102 29,519,]02 29,SL9,lU2 31,304,304 131,948 131,948 131,948 170,352 398,800 398,800 55,860 454,660 348,747 1,050,000 1,050,000 58,000 1,108,000 1,046,000 317,000 317,000 1,046,000 20Q000 200,000 200,000 200,000 81,787 81,787 81,787 46,617 8,755,625 8,755,625 8,755,625 7,495,429 4,547,807 7,82],596 12,369,403 (13,646) 12,355,757 12,347,257 6,289,386 16,577,221 131,948 4,398,814 29,519,102 76,538,438 133,454,909 417,214 133,872,123 129,722,864 10,550,217 18,371,995 132,173 5,054,851 29,519,102 76,538,438 20,189,485 160,356,261 543,098 160,899,359 157,26],927 The accompanying notes are an integral part of these financial statements. A2 1 Town of Vail Combined Statement of Revenues, Expenditures, ' and Changes in Fund Balances All Governmental Fund Types For the Year Ended December 31, 2001 (With Comparative Totals for 2000) , Governmental Fund Types Total (Memo Only) Primary Reporting Entity ' Special Debt Government Component General Revenue Service 2001 Unit 200] 2000 Revenues: Taxes 14,405,816 9,795,270 24,201,086 1,537,812 25,738,898 25,230,618 Licenses and permits 863,943 335,321 1,199,264 60,190 1,259,454 1,390,970 Intergovernmental revenues 1,388,625 37,599 1,426,224 1,426,224 1',447,841 Charges for services 2,729,847 2,729,847 2,729,847 2,217,293 Fines and forfeits 273,723 12,340 286,063 286,063 291,707 Interest 273,496 748,937 18,082 1,040,515 7,987 1,048,502 1,467,738 Rents 552,513 251,348 803,861 803,861 672,946 Miscellaneous revenues 438,857 2,013,940 2,452,797 2,452,797 2,983,666 Total Revenues 20,926,820 13,194,755 18,082 34,139,657 1,605,989 35,745,646 35,702,779 Expenditures: Operating: General government 4,348,205 4,348,205 4,348,205 4,342,608 Public safety 5,079,931 5,079,931 5,079,931 4,933,470 Public works and transportation 7,529,418 7,529,418 7,529,418 7,156,067 Culture and recreation 877,141 726,264 1,603,405 1,603,405 ],321,824 Economic development 1,210,048 315,914 1,525,962 1,861,169 3,387,131 2,723,724 Capital projects 9,727,737 9,727,737 9,727,737 9,479,094 Debt service: Principal retirement 1.,235,000 1,235,000 1,235,000 1,175,000 Interest and fiscal charges 1,084,444 1,084,444 1,084,444 1,146,431 Total Expenditures 19,044,743 10,769,915 2,319,444 32,134,102 1,861,1.69 33,995,271 32,278,218 Excess of Revenues Over (Under) Expenditures 1,882,077 2,424,840 (2,301,362) 2,005,555 (255,180) 1,750,375 3,424,561 Other Financing Sources (Uses): Operating transfers in 2,262,958 2,262,958 317,000 2,579,958 2,288,506 Operating transfers (out) (317,000) (2,262,958) (2,579,958) (2,579,958) (2,288,506) Total Financing Sources (Uses) (317,000) (2,262,958) 2,262,958 (3]7,000) 317,000 Excess of Revenues Over (Under) Expenditures and Other Sources (Uses) 1,565,077 161,882 (38,404) 1,688,555 61.,820 1,750,375 3,424,561 Fund Balances -January 1 4,724,309 16,415,339 170,352 21,310,000 355,394 21,665,394 17,503,496 Residual equity transfers 737,337 Fund Balances -December 31 6,289,386 16,577,22] 131,948 22,998,555 417.214 23,415,769 21,665,394 The accompanying notes are an integral part of these financial statements. A3 ~ ~ r ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ Town of Vail, Colorndo Combined Statement of Revenues, Expenditures and Changes in bond Balances -Budge t and Actual General, Special Revenue and Uebt Se rvice Fw:ds For the Year Ended Uecember 3 1, 2001 General Fund Special Revenue Fw~ds Uebt Service Fund (GAAP Basis) (CRAP Basis) (GAAP Basis) Variance Variance Variance Amended Favorable Amended Favorable Amended Favorable Budget Actual (Unfavorable) Budge[ Actual (Unfavorable) Budget Actual (Unfavorable) Revenues: 'faxes 14,036,298 14,405,816 369,518 9,585,065 9,795,270 210,205 Licenses and permits 725,400 863,943 138,543 466,700 335,321 (131,379) Inlergovenunental revenues 1,396,173 1,388,625 (7,548) 84,854 37,599 (47,255) Chargeslbrservices 2,422,641 2,729,847 307,206 Fines and forfeits 209,458 273,723 64,265 12,340 12,340 Interesteamings 185,000 273,496 88,496 760,000 748,937 (11,063) 18,082 18,082 Rents 498,311 552,513 54,202 262,897 251,348 (11,549) Miscellaucousrevenues 183,715 438,857 255,142 2,905,547 2,013,940 (891,607) 't'otal Revenues 19,656,996 20,926,820 1,269,824 14,077,403 13,194,755 (882,648) 18,082 18,082 Expendihues: Operating: Generalgovenunent 4,675,076 4,348,205 326,871 Public safely 5,209,112 5,079,931 - 129,181 Public works and banspo:tation 7,731,662 7,529,418 202,244 Culture and recreation 951,839 877,141 74,698 737,732 726,264 11,468 Economic development 1,216,675 1,21QU48 6,627 336,700 315,914 20,786 Capital projects 14,201,026 9,727,737 4,473,289 Debt service: Principal retirement 1,235,000 1,235,000 Interest and fiscal charges 1,089,908 1,084,444 5,464 Ibtal Expenditures ]9,784,364 19,044,743 739,621 15,275,458 10,769,915 4,505,543 2,324,908 2,319,444 5,464 Excess of Revenues Over (Under) 1'sxpenditures (127,368) 1,882,077 2,009,445 (1,198,055) 2,424,840 3,622,895 (2,324,908) (2,301,362) 23,546 Other Financing Sources (Uses): Operating b.vufe~s in 2,324,908 2,262,958 (61,950) Operating transfers (out) (317,000) (317,000) (2,324,908) (2,262,958) 61,950 'Rrtal Other hinancing Sources (Uses) (317,000) (317,000) (2,324,908) (2,262,958) 61,950 2,324,908 2,262,958 (61,950) Excess of 1evenues Over (Under) Expenditures ancf Other Sources (Uses) (444,368) 1,565,077 2,009,445 (3,522,963) 161,882 3,684,845 (38,404) (38,404) hand Balances-.lanuary 1 4,724,309 4,724,309 16,415,339 16,415,339 170,352 170,352 bond Balances -Uecember 31 4,279,941 6,289,386 2,009,445 12,892,376 16,577,221 3,684,845 170,352 131,948 (38,404) The accompanying notes are an integral part of these financial statements. A4 Town of Vail, Colorado Combined Statement of Revenues, Expenses, and Changes in Fund Equity -All Proprietary Fund Types and Similar Trust Funds For the Year Ended December 31, 2001 (With Comparative Totals for 2000) Operating Revenues: Intergovernmental revenues Charges for services Insurance reimbursements Other Net gain (loss) on plan investments Contributions Total Operating Revenues Operating Expenses: Administrative Operations Depreciation Claims, premiums, and dividends Total Operating Expenses Operating (Loss) Non-Operating Revenues: Investment income Gain on disposition of equipment Total Non-Operating Revenues Proprietary Fund Type Internal Service Funds Fiduciary Fund Tvpe Trust Funds Total 2000 Net Income (Loss) Retained Earnings (Deficit)/ Fund Balances -January 1 Residual Equity Transfers Retained Earnings/ Fund Balances -December 31 2001 285,640 4,101,347 31,392 (2,459,036) l ,963,930 4,418,379 (495,106) 2,672,031 626,163 ],350,014 4,648,208 (229,829) 85,877 1,996,770 2,082,647 (2,577,753) 91,264 630,988 722,252 492,423 2,729,712 792,551 792,551 (1,7ss,2oz) 3],304,304 285,640 4,101,347 31,392 (2,459,036) 1,963,930 3,923,273 85,877 4,668,801 626,163 1,350,014 6,730,855 (2,807,582) 883,815 630,988 1,514,803 (1,292,779) 34,034,016 3,222,135 29,519,102 32,741,237 The accompanying notes are an integral part of these financial statements. A5 211,379 3, 8 ] 8,122 81,881 935 (2,083,206) 1,901,074 3,930,185 85,741 -- 6,016,377 594,538 1,533,962 8,230,618 ' (4,300,433) 2,279,539 , 314,875 2,594,4]4 (1,706,0]9) , 30,218,929 5,521,106 , 34,034,016 Town of Vail, Colorado Combined Statement of Cash Flows All Proprietary Fund Types For the Year Ended December 31, 2001 (With Comparative Totals for 2000) Total 2001 Cash Flows From Operating Activities: Cash from other funds 3,698,089 Other receipts of cash 908,960 Cash paid for goods and services (2,410,590) Cash paid to employees (1,245,969) Net Cash Provided (Used) by Operating Activities 950,490 Cash Flows from Noncapital Financing Activities: Cash (to) other funds Net Cash (Used) by Noncapital Financing Activities Cash Flows From Capital and Related Financing Activities: Sale of fixed assets 211,665 Purchase of fixed assets (837,949) Net Cash (Used) by Capital and Related Financing Activities (626,284) Cash Flows From Investing Activities: Interest received 91,264 Net Cash Provided by Investing Activities 91,264 Net Increase (Decrease) in Cash and Cash Equivalents 415,470 Cash and Cash Equivalents at Beginning of Year 1,734,784 Cash and Cash Equivalents at End of Year 2,150,254 Reconciliation of Operating (Loss) to Net Cash Provided (Used) by Operating Activities: Operating (Loss) (229,829) Adjustments: Depreciation 626,163 (Increase) decrease in accounts receivable 188,67] (Increase) decrease in inventory (10,164) (Increase) decrease in prepaid expenses l 18,440 Increase in accounts payable 256,588 (Decrease) in deferred revenue Increase in accrued wages and benefits 621 Total Adjustments 1,180,319 Net Cash Provided (Used) by Operating Activities 950,490 Schedule of Non-Cash Investing Activities Acquisition of equipment contributed by another fund 71,859 2000 3,108,593 844,714 (2,698,397) (1,287,075) (32,165) (508,976) (508,976) 82,568 (398,816) (316,248) 131,711 131,711 (725,678) 2,460,462 1,734,784 (448,531) 594,538 (l 57,342) 4,882 (48,277) ] 8,317 (1,667) 5,9] 5 4l 6,366 (32,165) 197,484 The accompanying notes are an integral part of these financial statements. A6 Town of Vail, Colorado Notes to the Financial Statements December 31, 2001 1. Summary of Significant Accounting Policies The financial statements of the Town of Vail, Colorado (the "Town") have been prepared in conformity with U.S. generally accepted accounting principles ("GAAP") as applied to government units. The Governmental Accounting Standards Board ("GASB") is the accepted standard-setting body for establishing governmental accounting and financial reporting principles. The more significant of the government's accounting policies are described below. A. Reporting Entity The Town was incorporated in 1972, under the provisions of Article XX of the Colorado Constitution and Municipal Home Rule Act of 1971. The Town operates under aCouncil-Manager form of government. As required by GAAP, the financial statements of the reporting entity include those of the Town (as the primary government) and its component units. The component unit discussed below is included in the Town's reporting entity because of the significance of its operational or financial relationships with the Town. Discretely Presented Component Unit The component unit column consists of the Town's component unit, the Vail Local Marketing District (the "District"). The financial data is reported in a separate column to emphasize that it is legally separate from the Town. Town Council members also act as the District's Board of Directors. The District was authorized on November 2, 1999 by general election that established a 1.4% tax on lodging within the Town's boundaries beginning on January 1, 2000. Proceeds from the tax are to be used for organization, management, promotion, and marketing of public events, for business recruitment, and for tourism promotion. The financial statements of the District can be obtained from the Town's administrative offices.. Other Entities The Town does not exercise oversight responsibility over any other entity, nor is the Town a component unit of any other governmental entity. B. Fund Accounting The Town uses funds and account groups to report on its financial position and the results of its operations. Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities. A fund is a separate accounting entity with aself-balancing set of accounts. An account group, on the other hand, is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources. Funds are classified into three categories: governmental, proprietary and fiduciary. Each category, in turn, is divided into separate "fund types." B1 Town of Vail, Colorado Notes to the Financial Statements December 31, 2001 (Continued) 1. Summary of Significant Accounting Policies (Continued) ' B. Fund Accounting (Continued) Governmental funds are used to account for all or most of a government's general activities, including the collection and disbursement of earmarked monies (special revenue funds), and the servicing of general long-term debt (debt service funds). The General Fund is used to account for all activities of the general government not accounted for in another fund. t Proprietary funds are used to account for activities similar to those found in the private sector, where the determination of net income is necessary or useful to sound financial administration. Goods or ' services from such activities can be provided either to outside parties (enterprise funds) or to other departments or agencies primarily within the government (internal service funds). Fiduciary funds account for assets held by the government in a trustee capacity or as an agent on ' behalf of others. Trust funds account for assets held by the Town under terms of a formal trust agreement. ' The expendable trust fund is accounted for in essentially the same manner as the governmental fund types, using the same measurement focus and basis of accounting. Expendable trust funds account for assets where both the principal and interest may be spent. The general fixed asset account group is used to account for fixed assets not accounted for in the proprietary or trust funds. The general long-term debt account group is used to account for general long-term debt and certain other liabilities that are not specific liabilities of the proprietary or trust funds. The two account groups are not "funds". They are concerned only with the measurement of financial position and not with the results of operations. C. Basis of Accounting The accounting and financial reporting treatment applied to a fund is determined by its measurement ' focus. All governmental funds are accounted for using a current financial resources measurement focus. With this focus, only current assets and current liabilities generally are included on the balance sheet. Operating statements of these funds present increases (i.e., revenues and other financing ' sources) and decreases (i.e., expenditures and other financing uses) in net current assets. All proprietary funds, nonexpendable trust funds and pension trust funds are accounted for on a flow of economic resources measurement focus. With this measurement focus, all assets and all liabilities associated with the operation of these funds are included on the balance sheet. Fund equity (i.e., net total assets) is segregated into contributed capital and retained earning components. Proprietary fund- ' type operating statements present increases (e.g., revenues) and decreases (e.g., expenses) in net total assets. ~ e_ Town of Vail, Colorado Notes to the Financial Statements December 31, 2001 (Continued) Summary of Significant Accounting Policies (Continued) C. Basis of Accounting (Continued) The modified accrual basis of accounting is used by all governmental fund types, expendable trust funds and agency funds. Under the modified accrual basis of accow~ting, revenues are recognized when susceptible to accrual (i.e., when they become both measurable and available). "Measurable" means the amount of the transaction can be determined and "available" means collectible within the current period or soon enough thereafter to be used to pay liabilities of the current period. The Town considers property taxes as available if they are collected within 60 days after year end. A one-year availability period is used for revenue recognition for all other governmental fund revenues. Expenditures are recorded when the related fund liability is incurred. Principal and interest on general long-term debt are recorded as fund liabilities when due or when amounts have been accumulated in the debt service fund for payments to be made early in the following year. Those revenues susceptible to accrual are property taxes, sales taxes, franchise taxes, special assessments, licenses, and charges for services. Sales taxes are collected by the Town and are recognized as revenue when collected by the vendors. Fines and permits revenues are not susceptible to accrual because generally they are not measurable until received in cash. The accrual basis of accounting is utilized by proprietary fund types and nonexpendable trust funds. Under this method, revenues are recorded when earned and expenses are recorded at the time liabilities are incurred. D. Deferred Revenue The Town reports deferred revenue on its combined balance sheet. Deferred revenues arise when a potential revenue does not meet both the "measurable" and "available" criteria for recognition in the current period. In subsequent periods, when both revenue recognition criteria are met, or when the Town has a legal claim to the resources, the liability for deferred revenue is removed from the combined balance sheet and revenue is recognized. E. Encumbrances Encumbrance accounting, under which purchase orders, contracts, and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation, is employed by the Town. Encumbrances lapse at fiscal year end. Expenditures are recorded when the related liability is incurred. F. Equity in Pooled Cash and Investments Cash and investments include amounts in demand deposits as well as investments. Investments are stated at market value for all Town investments. B3 Town of Vail, Colorado Notes to the Financial Statements December 31, 2001 (Continued) ' 1. Summary of Significant Accounting Policies (Continued) ' G. Inventory Inventory is valued at lower of cost or market using the first-in, first-out method. Inventory in the Internal Service Fund -Heavy Equipment Fund consists of expendable supplies held for consumption. ' H. Prepaid Items Payments made to vendors for services that will benefit periods beyond December 31, 2001 are recorded as prepaid items. I. Fixed Assets General fixed assets are not capitalized in the funds used to acquire or construct them. Instead, capital acquisition and construction are reflected as expenditures in governmental funds, and the related assets are reported in the general fixed assets account group. All purchased fixed assets over ' $5,000 are valued at cost where historical records are available and at an estimated historical cost where no historical records exist. Donated fixed assets are valued at their estimated fair market value on the date received. The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend asset lives are not capitalized in the governmental funds. Improvements in the proprietary funds are capitalized and depreciated over the remaining useful lives of the related fixed assets, as applicable. Public domain ("infrastructure") general fixed assets consisting of roads, bridges, curbs and gutters, ' streets and sidewalks, drainage systems and lighting systems are not capitalized, as these assets are immovable and of value only to the Town. Assets in the general fixed assets account group are not depreciated. Depreciation of buildings, equipment and vehicles in the proprietary fund types is computed using the straight-line method. J. Use of Estimates The preparation of financial statements to conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. K. Proprietary Funds As required by GASB Statement No. 20, the Town has elected to follow for its proprietary funds, all (1) GASB pronouncements and (2) FASB Statements and Interpretations, APB Opinions, and Accounting Research Bulletins (ARBs) issued on or before November 30, l 989, except those that conflict with a GASB pronouncement. ' B4 Town of Vail; Colorado Notes to the Financial Statements December 31, 2001 (Continued) 1. Summary of Significant Accounting Policies (Continued) L. Interfund Transactions Quasi-external transactions are accounted for as revenues, expenditures or expenses. Transactions that constitute reimbursements to a fund for expenditures/expenses initially made from it that are properly applicable to another fund, are recorded as expenditures/expenses in the reimbursing fund and. as reductions of expenditures/expenses in the fund that is reimbursed. All other interfund transactions, except quasi-external transactions and reimbursements, are reported as transfers. Non-recurring or non-routine permanent transfers of equity are reported as residual equity transfers. All other interfund transfers are reported as operating transfers. M. Compensated Absences Vested or accumulated vacation leave that is expected to be liquidated with expendable available financial resources is reported as an expenditure and a fund liability of the governmental fund that will pay it. Vacation pay is accrued in proprietary funds and reported as a fund liability. Amounts of vested or accumulated vacation leave that are not expected to be liquidated with expendable available financial resources are reported in the General Lonb Term Debt Account Group. No expenditure is reported for these amounts. No liability is recorded for non-vesting accumulating rights to receive sick pay benefits. N. Long-Term Obligations Long-term debt is recognized as a liability of a governmental fund when due, or when resources have been accumulated in the debt service funds for payment early in the following year. For other long- term obligations, only that portion expected to be financed from expendable available financial resources is reported as a fund liability of a governmental fund. The remaining portion of such obligations is reported in the general long-term debt account group. Long-term liabilities expected to be financed from proprietary fund operations are accounted for in those funds. O. Fund Equity Contributed capital is recorded in proprietary funds that have received capital grants or contributions from developers, customers or other funds. Reserves represent those portions of fund equity not appropriable for expenditure or legally segregated for a specific future use. Designated fund balances represent tentative plans for future use of financial resources. p. Memorandum Only -Total Columns Total columns on the general-purpose financial statements are captioned "memorandum only" to indicate that they are presented only to facilitate financial analysis. Data in these columns do not present financial position, results of operations or changes in financial position in conformity with generally accepted accounting principles. Neither are such data comparable to a consolidation. Interfund eliminations have not been made in the aggregation of this data. B5 Town of Vail, Colorado Notes to the Financial Statements December 31, 2001 (Continued) 1. Summary of Significant Accounting Policies (Continued) ' Q. Comparative Data Comparative total data for the prior year have been presented in the accompanying financial ' statements in order to provide an understanding of changes in the government's financial positions and operations. However, comparative data have not been presented in all statements because their inclusion would make certain statements unduly complex and difficult to understand. R. Deferred Property Taxes All property taxes become due and payable in the year following that in which they are levied, at which time they are recognized as revenues. Property taxes are recorded as receivable and deferred revenue in the year they are levied. ' S. Budgets and Budgetary Accounting An annual budget and appropriation ordinance is adopted by the Town Council in accordance with the Town's Home Rule Charter. Budgets are prepared on the basis of GAAP for all funds except the Internal Service Funds -Heavy ' Equipment Fund acid the Dispatch Services Fund. The budgets for these funds have been adopted on a Non-GAAP budget basis and are reconciled to the GAAP basis below. Internal Service Funds Heavy Dispatch Equipment Services Fund Fund Reconciliation to GAAP Basis: Net income (loss) -Budgetary Basis $ (243,558) (8,022) ' Less: Depreciation (542,239) (83,924) Add: Capital outlay 837,949 32,662 Accrued vacation 540 7,586 Book value of retired equipment 419,323 Net income (loss) -GAAP Basis $ 472,015 (5 ],698) The level of control in the budget at which expenditures exceed appropriations is at the fund level. All appropriations lapse at year end. ' T. Cash and Cash Equivalents The proprietary fund cash and cash equivalents are deemed to consist of cash on hand. The Town has a.policy of central cash management for all funds except tl~e Employee's Pension Trust Fund and the Deferred Compensation Plan. B6 Town of Vail, Colorado Notes to the Financial Statements December 31, 2001 (Continued) 1. Summary of Significant Accounting Policies (Continued) U. Investment Risk The Town's investments, with the exception of the Town of Vail Employee's Pension Trust Fund and the Deferred Compensation Plan investments, are invested primarily in COLOTRUST and government obligations. The Pension Trust Fund and Deferred Compensation Plan investments are held in U.S. government obligations, commercial stocks and bonds, limited partnerships (the limited partnerships may invest in derivatives), mutual funds and other investments as approved.by the Pension Fund Retirement Boards. The value of the investments fluctuates as market conditions change. GASB Technical Bulletin No. 94-1 defines derivatives as "contracts whose value depends on, or derives from, the value of an underlying asset, reference rate, or index." At December 31, 2001, the Town held the following investments that may be considered derivatives under this definition: of Book Market Investment Value Value Pool Small Business Association (SBA) Pools $ 309,1 l 3 309,113 1.3% Adjustable Rate Mortgages (ARMS) $ 1,216,734 1,216,734 5.1% The Town recognizes that investment risks can result from credit risk, market risk, and legal risk. The Town seeks to minimize these risks by investing in seasoned SBA pools and ARMS that are backed by the U.S. Government. The Town's intent in investing in these instruments is to achieve lonb teen rates of return with the decreased volatility of fixed rate, short-term instruments. V. Credit Risk The receivables of the various funds of the Town are primarily due from other governments. Management believes that the credit risk related to the receivables is minimal. B7 Town of Vail, Colorado Notes to the Financial Statements December 31, 2001 ' (Continued) 2. Budgets The Town published its biennial budget for the 2001 - 2002 budget years in December of 2000. Adjustments were made to the 2001 budget prior to its adoption in December of 2000. ' The Town followed these procedures,in establishing the budgetary data reflected in the financial statements. ' (1) For the 2001 budget, prior to August 25, 2000, the County Assessor was to have sent to the Town a certified assessed valuation of all taxable property within the Town's boundaries. ' (2) Prior to the end of the 2000 fiscal year, the Town Manager submitted to the Town Council a budget and accompanying message. ~ (3) For the 2001 budget, prior to December 15, 2000, the Town computed and certified to the County Commissioners a rate of levy that derived the necessary property taxes as computed in the proposed budget. ' (4) After a required publication of "Notice of Proposed Budget", the Town adopted the proposed budget and an appropriating resolution which legally appropriates expenditures for the upcoming year. ' (5) After adoption of the budget resolution, the Town may make the following changes: (a) supplemental appropriations to the extent of revenues in excess of those estimated in the budget; (b) emergency appropriations; and (c) reduction of appropriations for which originally estimated revenues are insufficient. Taxes levied in one year are collected in the succeeding year. Thus taxes certified in 2000 were collected in 2001 and taxes certified in 2001 will be collected in 2002. Taxes are due on January 1st in the year of collection; however, they may be paid in either one installment (no later than April 30th) or two equal installments (not later than February 28th and June 15th) without interest or ' penalty. Taxes which are not paid within the prescribed time bear interest at the rate of one percent (1%) per month until paid. Unpaid amounts and the accrued interest thereon become delinquent on June 17th. B8 Town of Vail, Colorado Notes to the Financial Statements December 31, 2001 (Continued) 3. Cash and Investments A. Authorization for Deposits and Investments Pursuant to its charter, the Town has adopted, by ordinance, an investment policy governing the types of institutions and investments with which it may deposit funds and transact business. Under this policy, the Town may invest in federally insured banks, debt obligations of the U.S. Government, its agencies and instrumentalities, governmental mutual funds and pools, and repurchase agreements subject to policy requirements. The Town also accounts for the operations of the employees' pension plans that are administered by select employees acting as trustees who are governed by a trust agreement. The trust agreement gives the trustees considerable latitude with investment alternatives. As a result, all pension investments are considered legal under the trust agreement. B. Deposits and Investments The Town maintains a cash and investment pool in which all funds participate except the Deferred Compensation Plan. Each fund's position in this pool is displayed on the combined balance sheet as "Equity in Pooled Cash and Investments." In addition, several of the Town's funds may include investments held separately that are restricted for various purposes. The Colorado Public Deposit Protection Act ("PDPA") requires that all units of local government deposit cash in eligible public depositories; eligibility is determined by state regulators. Amounts on deposit in excess of federal insurance levels must be collateralized. The eligible collateral is determined by PDPA. PDPA allows the institution to create a single collateral pool for all public funds. The pool is to be maintained by another institution or held in trust for all the uninsured public deposits as a group. The market value of the collateral must be at least equal to 102% of the uninsured deposits. The amount of total bank balance may be classified among the following three categories on the basis of credit risk: (1) Insured or collateralized with securities held by the entity or by its agent or by its agent in the entity's name (2) Collateralized with securities held by the pledging financial institution's trust department or agent in the entity's name (3) Uncollateralized. (This includes any bank balance that is collateralized with securities held by the pledging financial institution, or by its trust department of agent but not in the entity's name.) At December 31, 2001, the Town's cash deposits were entirely insured or collateralized with securities held by the entity's agent as described above. The carrying value of the Town's deposits was $3,294,305. The bank balance of these accounts was $3,554,939 of which $100,000 was covered by FDIC insurance and $3,454,939 was collateralized in institution pools as described above. B9 ' Town of Vail, Colorado Notes to the Financial Statements December 31, 2001 (Continued) ' 3. Cash and Investments (Continued) ' B. Deposits and Investments (Continued) At December 31, 2001, the Town had invested $14,226,876 in the Colorado Government Liquid Asset Trust (COLOTRUST), an investment vehicle established for local government entities in Colorado to pool surplus funds. These funds operate similarly to a money market fund and each share is equal in value to $1.00. Investments of these funds consist of U.S. Treasury bills, notes and ' note strips and repurchase agreements collateralized by U.S. Treasury securities. A designated custodial bank provides safekeeping and depository services in connection with the direct investment withdrawal functions. GASB has determined three levels of credit risk that apply to the Town's investments: (1) Insured or registered, with securities held by the Town, Employee's Pension Trust Fund or its agent in the Town's or Employees' Pension Trust Fund's name. ' (2) Uninsured or unregistered, with securities held by the counter party's trust department or agent in the Town's or Employee's Pension Trust Fund's name. (3) Uninsured or unregistered, with securities held by the counter party, or by its trust department ' or agent but not in the Town's or Employee's Pension Trust Fund's name. The following is a summary of the Town's investments at amortized cost and market which approximates market, categorized into the aforementioned levels of risk at December 31, 2000. ' Investments in money market mutual funds are not categorized as described above since such investments are not evidenced by specific securities that exist in physical or book form. 1 Category 2 Carrying Value U.S. Government Securities $ 3,087,840 $ 3,087,840 t t bill d i T if f d es, governmen s an no t, reasury icates o epos During the year, the Town invested in cert agency securities, COLOTRUST, GNMAs, ARM pools, SBA pools, and money market accounts. The Town's total cash deposits and investments, including those of the Employees' Pension Trust Fund and the Deferred Compensation Plan, at December 31, 2001 are as follows: ' All Employees Other Pension l~femed Total Funds Tn~st Fwid Conp~tc~tion Total Prirrery Conponart Reporting at NY~rid at N~icet Plan Govamrent Unit Entity Cash $ 8,391 8,391 243,341 251,732 Nbney itarkeUclxd:ing aooowns 6,499,143 6,499,143 6,499,143 Statutory Go~mui~nt pools 14,226,876 14,226,876 14,226,876 US. Govannentobli~tiats 3,087,840 3,087,840 3,087,840 ' Conn~rcial stock & bald fwxls 19,381,158 19,381,158 19,381,158 Nbney n~rk~ mrtual fiuids 6,207,874 6,207,874 6,207,874 Li~rtited patti>erships 31,0=19 ' 31,049 31,449 Real estate fw>d 978,073 978,073 978,073 Deferred Caipa>satiai Plat 2,721,201 2,721,201 2.721,201 Total $ 23,822,250 26,598,154 2,721201 53,141,605 243,341 53,384,946 ' Bl0 Town of Vail, Colorado Notes to the Financial Statements December 31, 2001 (Continued) 3. Cash and Investments (Continued) B. Deposits and Investments (Continued) The Town's investments in the Deferred Compensation Plan and the Pension Plan are held by the Trustees, and are not categorized because they are not evidenced by specific securities that exist in physical or book form. Financial statement captions at December 31, 2001 are as follows: Primary Component Reporting Government Unit Entity Cash ~ a,~y i G4~,.)`F 1 G~ ~ , i mot. Equity in pooled cash and investments 23,813,859 23,813,859 Employees' Retirement Plan investments 29,319,355 29,319,355 Total $ 53,141,605 243,341 53,384,946 4. Receivables -Due from Other Governments Included in the accounts receivable from other governments in the Special Revenue Fund -Capital Projects Fund is $1,000;000 due from the State of Colorado Department of Transportation ("CDOT") for funding for the West Vail Interchange Improvements. The money is to be received from CDOT between fiscal years 2001 and 2005. Accordingly, this amount has been recorded as deferred revenue, and will be recognized as revenue upon receipt. . 5. Fixed Assets A. Changes in General Fixed Assets Account Group .January 1, December 31, 2001 Additions Retirements 2001 Land $15,346,919 3,930,580 19,277,499 Buildings 41,353,308 399,179 1,255,521 40,496,966 Improvements other than buildings 4,156,152 210,927 4,367,079 Machinery and equipment 11,617,450 866,089 86,645 12,396,894 Total 72,473,829 5,406,775 1,342,166 76,538,438 BI1 Town of Vail, Colorado Notes to the Financial Statements December 31, 2001 (Continued) 5. Fixed Assets (Continued) B. Proprietary Fund Type Fixed Assets Summary Internal Service Funds Heavy Dispatch Equipment Services Buildings $1,350,557 Improvements other than buildings 815,520 Equipment 4,361,715 Subtotal 6,527,792 Less: Accumulated depreciation (4,003,122) Total $ 2,524,670 Total 1,350,557 23,769 839,289 578,956 4,940,671 602,725 7,130,5 ] 7 (434,305) (4,437,427) 168,420 2,693,090 Depreciation on fixed assets in the proprietary fund types are recorded using the following estimated useful lives: Vehicles 5 - 7 years Equipment 5 - 10 years Buildings 25 -30 years The Town's proprietary fund types had the following amounts of fully depreciated assets in use at December 31, 2001: Internal Service Fund -Heavy Equipment Fund $737,084 Internal Service Fund -Dispatch Services Fund $219,946 6. Operating Leases The Town is committed under various leases for building and office space and equipment. These leases are considered for accounting purposes to be operating leases, and therefore, the liability and the related assets have not been recorded in these financial statements. B12 Town of Vail, Colorado Notes to the Financial Statements December 31, 2001 (Continued) 7. General Long-Term Debt -Capital Leases -The Town has entered into the following lease purchase agreements to acquire facilities and equipment. The leases are all annually cancelable and the following leases have been capitalized Minimum Lease Lease Description Payments Radio system lease; expires. March, 3003; annual payments of $152,372 $304,744 Fax machine lease; expires May 2002; monthly payments of $68 338 Total minimum lease payments $305,082 Minimum annual lease payments are to be made as follows: Year ending December 31, 2002 $ 152,710 Year ending December 31, 2003 152,372 Total minimum lease payments 305,082 Less: Amount of interest (22,195) Present value of minimum lease payments $ 282,887 8. Long-Term Debt A. 1992A General Obligation Refunding Bonds The Town issued $7,500,000 of insured General Obligation Refunding Bonds dated October 1, 1992 The bond proceeds were used to refund 1985 bonds that were subject to redemption at the Town's option in 1996. The interest rate on the bonds is between 3.00% to 5.8% and is payable on June 1 and December 1, through December 2005. The bonds are general obligations of the Town, payable from ad valorem property taxes to be levied without limitation as to rate or amount against all taxable property in the Town. B13 Long-Term Debt (Continued) Town of Vail, Colorado Notes to the Financial Statements December 31, 2001 (Continued) A. 1992A General Obligation Refunding Bonds (Continued) Bonds maturing on or before December 1, 2002 are not subject to prior redemption. Bonds maturing ' on December 1, 2005 are subject to redemption prior to their maturities, at the option of the Town, in whole or in part, in integral multiples of $5,000, from such maturities as are selected by the Town and by lot within a maturity in such manner as the Registrar may determine, on December 1, 2002 or on ' any date thereafter, at the redemption prices set forth in the table below (expressed as a percentage of the principal amounts so redeemed) plus accrued interest to the redemption date: Redemption Dates Redemption Prices December 1, 2002 through November 30, 2003 101% ' December 1, 2003 and thereafter 100 flnnual debt service requirements to maturity for the bonds, including $603,900 of interest, are as follows: Year Total 2002 1,299,900 2003 1,339,000 2004 1,370,000 2005 795,000 Total $ 4,803,900 B. 1992B Sales Tax Revenue Refunding and Improvement Bonds The Town issued $15,165,000 of insured Sales Tax Revenue Refunding and Improvement Bonds ' dated October 1, 1992. The bonds were used for capital projects of $5,700,000, and to refund all outstanding 1989 Sales Tax Revenue Bonds. The Town refunded $6,580,000 of the remaining principal due on September 1, 1998 when the 1998 ' bonds were issued. The interest rate on the bonds is between 3.00% and 6.125% and is payable on June 1 and December 1, through December 1, 2012. ' Tl~e bonds are special limited obligations of the Town payable solely from the Town's existing 4% sales tax and net revenues generated by the Town's parking facilities. The bonds constitute an irrevocable lien upon the pledged revenues, in part on a basis subordinated to other obligations of the ' Town. ' B14 Town of Vail, Colorado Notes to the Financial Statements December 31, 2001 (Continued) 8. Long-Term Debt (Continued) B. 1992B Sales Tax Revenue Refunding and Improvement Bonds (Continued) Bonds maturing on or before June 1, 2002 are not subject to prior redemption. Bonds maturing on or after June 1, 2005 are subject to redemption prior to their maturities, at the option of the Town, in whole or in part, in Integral multiples of $5,000, from such maturities as are selected by the Town and by lot within a maturity in such manner as the Registrar may determine, on December 1, 2002 or on any date thereafter, at the redemption prices set forth in the table below (expressed as a percentage of the principal amounts so redeemed) plus accrued interest to the redemption date: Redemption Dates Redemption Prices December 1, 2002 through May 31, 2003 101% June 1, 2003 and thereafter 100 Annual debt service requirements to maturity for the bonds,. including $2,029,759 of interest, are as follows: Year Total 2002 591,428 2003 551,638 2004 5 l 8,738 2005 1,093,288 2006 1,528,762 Thereafter 3,315,905 Total $ 7,599,759 C. Advance Refunding - 1998A Tax-Exempt Sales Tax Revenue Refunding Bonds and 1998B Taxable Sales Tax Revenue Refunding Bonds The Town issued $8,760,000 of insured Tax-Exempt Sales Tax Revenue Refunding Bonds and $735,000 of insured Taxable Sales Tax Revenue Refunding Bonds dated September 1, 1998. The bond proceeds were used to refund the Town's Sales Tax Revenue Bonds, Series 1991 and certain of the Sales Tax Revenue Refunding and Improvement Bonds, Series 1992B, and paying the costs of issuance of the bonds. The Town placed tl~e proceeds of the refunding in escrow to provide funds to pay principal and interest on the refunded bonds. All the refunded bonds are considered to be defeased. The interest rate on the 1998A bonds is between 4.25% and 4.5%. The interest rate on the 1998B bonds is between 6.00% and 6.05%. Both bond issues are payable on June 1 and December 1. The bonds are revenue obligations of the Town payable solely from the Town's 4% sales tax. The bonds are secured by a lien on, but not an exclusive lien on, the sales tax. B15 u Town of Vail, Colorado Notes to the Financial Statements December 31, 2001 (Continued) 8. Long-Term Debt (Continued) C. Advance Refunding - 1998A Tax-Exempt Sales Tax Revenue Refunding Bonds and 1998B Taxable Sales Tax Revenue Refunding Bonds (Continued) The Series 1998A Bonds maturing on and after December 1, 2009 are subject to redemption prior to maturity at the option of the Town, in whole or in part in integral multiples of $5,000, and if in part in such order of maturities as the Town shall determine and by lot within a maturity, on December 1, 2008 and on any date thereafter, at a redemption price equal to-par, plus accrued interest to the redemption date. The Series 1998B Bonds are not subject to redemption prior to maturity. Annual debt service requirements to maturity for the 1998A bonds, includ ing $3,391,400 ~~ of interest, is as follows: Year Total 2001 386,628 2002 386,628 2003 3 86,628 2004 386,628 2005 386,628 Thereafter ] 0,604,888 Total $ 12,538,028 Annual debt service requirements to maturity for the 1998B bonds, including $244,128 of interest, are as follows: Year Total 2002 44,288 2003 44,288 2004 44,288 2005 44,288 2006 404,288 Thereafter 397,688 Total $ ~ 979,128 Bl6 Town of Vail, Colorado Notes to the Financial Statements December 31, 2001 (Continued) 8. Long-Term Debt (Continued) D. Changes in General Long-Term Debt The following is a summary of debt transactions of the Town for the year ended December 3 1, 2001: General Obligation Bonds: 1992 Series A Sales Tax Revenue Bonds: Bond Series 1992B Bond Series 1998A Bond Series 1998B Capitalized lease agreements Vacation payable January 1, December 31, 2001 Additions Retirements 2001 $ 5,200,000 1,000,000 4,200,000 5,805,000 235,000 5,570,000 8,760,000 8,760,000 735,000 735,000 418,073 135,186 282,887 045 578 553 63 641,598 , , Total $ 21,496,118 63,553 1,370,186 20,189,485 E. Authorized, Issued and Defeased Bonds At December 31, 2001, there was no authorized but unissued debt. The amount of outstanding defeased bonds for all refunded Town of Vail issues at year end was $4,600,000. F. Vacation and Sick Leave Pay Benefits The Town has a policy allowing the accumulation of vacation and sick leave pay up to certain maximum limits. In accordance with GAAP for governmental accounting, the approximate vacation pay liability of $641,598 and $578,045 at December 31, 2001 and 2000 respectively, has been reflected in the attached financial statements as a portion of the general long-term debt group of accounts. Accumulated sick pay of approximately $1,716,390 and $1,618,425 at December 31, 200] and 2000 respectively, has not been reflected in the attached financial statements as the amount is partially insured by an independent insurance company and the amounts are not payable at termination. B17 Town of Vail, Colorado Notes to the Financial Statements December 31, 2001 (Continued) 8. Long-Term Debt (Continued) G. Conduit Debt Obligations The Town issued $7,505,000 of single family revenue refunding bonds in 1992 to refund bonds originally issued in 1981 to provide financial assistance to aprivate-sector entity for the construction of a commercial housing project it deemed to be in the public interest (Pitkin Creek Park, located in East Vail). The bonds are secured by the property financed and are payable solely from payments received on the underlying mortgage loans. Upon repayment of the bonds, ownership of the acquired facility transfers to the private-sector entity served by the bond issuance. The Town is not obligated in any manner for repayment of the bonds. Accordingly, the bonds are not reported as liabilities in the accompanying financial statements. As of December 31, 2001, the aggregate principal amount payable was $730,000. 9. Pension Plans The Town offers two defined contribution pension plans to cover all permanent paid employees of the Town. In addition, employees of the Vail Recreation District participate and are subject to the same plan provisions. The plan covered approximately 890 employees in 2001. The Town established this qualified money purchase pension plan under Internal Revenue Code ("IRC") Section 401(a), and may amend all of tl~e plan provisions. The first plan covers all full time and qualified seasonal employees of the Town of Vail and the Vail Recreation District; the second plan covers all full time and qualified seasonal employees of the Police and Fire Departments of the Town of Vail. The plan provisions are the same for both plans. In defined contribution plans, benefits depend solely on amounts contributed to the plans plus investment earnings. Employees are eligible to participate in the plans from the date of employment or the effective date ofthe plans, January 1, 1983, whichever is later. The plans provide for cont<ibutions to be made by the Town of 12.6% of regular compensation for the first year of employment and 17.6% thereafter. For employees hired after April 1, 1986, the Town's contribution is 1 1.15% of regular compensation for the first year, and 16.15% thereafter. Employees have the option to make voluntary contributions of 10% of their compensation. In the event of continued long-term disability of an employee, the Town's disability insurance will continue to make contributions for the employee through age 60 at the rate on the date of disability. For employees hired before July 1, 1986, vesting of the Town's contributions is 77.5% after the first year of employment with an additional vesting of 7.5% per year through the fourth year, when vesting is 100%. For employees hired after June 30, 1986, vesting of the Town's contributions to the employees is 20% after the first year of employment with additional vesting of 20% per year through the fifth year, when vesting is 100%. If an employee dies, becomes disabled, or attains the age of 60, their entire interest in the plans becomes vested; and normal retirement age is 60 with early retirement at age 50 and four years of service. B18 Town of Vail, Colorado Notes to the Financial Statements December 31, 2001 (Continued) 9. 10. Pension Plans (Continued) [n 1991, the Town established a defined contribution pension plan for seasonal employees who work for the Town longer than 6 weeks. Seasonal employees who work for the Town less than 6 weeks are covered under Social Security only. Seasonal employees are required to contribute 6% of regular compensation to the plan and the Town contributes 1.5%. Seasonal employees are 100% vested after their first contribution. The annual pension cost is the Town's contributions less forfeitures from the prior year. The plans' invested assets at December 31, 2001 of $26,598,154 are stated at market value. All earnings, losses, expenses and changes in the fair market value of the trust fund will be apportioned at least annually among the participants in proportion to each participant's current share of the Trust Investment Fund. The Town has no liability for unfunded future vested employee benefits. The trustees and administrators of the plans are the Retirement Boards. The Retirement Boards determine how the plans' assets are to be invested in adherence to an adopted investment policy statement. The total amount of the employees current year covered payroll was $8,632,899 and total 2001 payroll for all employees was $10,597,936. The plan held investments with the following organizations that exceeded 5% of total plan net assets at December 31, 2001: Amount Deutsche Fixed Income Institutional $4,250,135 Dodge & Cox Stock $3,438,239 Montag & Caldwell Growth $2,411,778 Schwab Money Market Fund $6,207,874 Vanguard Index 500 $1,764,681 Artisan International Stock Fund $1,714,717 Glerunede International Fund $1,692,971 ICM Small Company Stock Fund $1,424,427 Invesco Dynamics $1;805,795 Retirement Savings Plan -Deferred Compensation Plan - IRC 457 Percentage 16.0% 12.9% 9.1% 23:3% 6.6% 6.4% 6.4% 5.4% 6.8% The Town offers its employees a deferred compensation plan (the "457 Plan") created in accordance with Internal Revenue Code ("IRC") Section 457. The 457 Plan, available to all Town employees, permits them to defer a portion of their salary until future years. The deferred compensation is not available to employees until termination, retirement, death, or unforeseeable emergency. All amounts of compensation deferred under the 457 Plan, all property and rights purchased with those amounts; and all income attributable to those amounts, property, or rights are to be held in trust for the exclusive benefit of the 457 Plan participants and their beneficiaries. B19 ' Town of Vail, Colorado Notes to the Financial Statements December 31, 2001 (Continued) ' 10. Retirement Savings Plan -Deferred Compensation Plan - IRC 457 (Continued) ' The accrual basis of accounting is used for the 457 Plan. Revenues are recognized when earned and expenditures are recognized when incurred. Investments are recorded at market value. ' The trustees and administrators of the 457 Plan are the Retirement Board, which comprises members of the Town's administration. The Retirement Board determines how the 457 Plan's assets are to be .invested in adherence to an adopted investment policy statement. The Town has no liability for losses under the 457 Plan but does have the duty of due care that would be required of an ordinary prudent investor. The total assets of the 457 Plan were $2,721,201 at December 31, 2001. The assets were invested in pooled investment funds and an annuity. ' Pursuant to the Town's adoption of GASB Statement No. 32, Accounting and Financial Reporting for Internal Revenue Code Section 4J7 Deferred Compensation Plans, the 457 Plan has been included in these financial statements as an expendable trust fund. 11. Cafeteria Plan The Town offers a cafeteria compensation plan organized under IRC Section 125 that includes the following benefits: medical disability, accident and/or term life insurance, and health expense reimbursement. No cost to the Town is recognized as the plan is a salary reduction plan. 1 12. Employee Health Insurance Fund The Town has established a "Shared Fund -Minimum Premium" health insurance plan, to provide medical benefits to eligible employees. Premiums are determined at the beginning of each plan year and are charged to individual funds when paid. The Town has established a $549,502 reserve for future claims in the event that claims exceed the premiums charged to other funds of the Town. The maximum liability in any policy year is the total of the premium and claims incurred charged. If the total premiums and claims incurred in a policy year to the insurer are in excess of claims paid, excluding a stop loss of claims over $50,000 per person, a refund is due'to the Town. The plan established a maximum funding cost of $1,332,930 for the present number of Town employees for the 2001 policy period. 13. Risk Management The Town is exposed to various risks of loss related to torts; theft of, damage to and destruction of assets; errors and omissions; natural disasters; and worker's compensation for which the Town carries commercial insurance. The worker's compensation premiums are subject to adjustments based on audits of actual claims incurred. B20 Town of Vail, Colorado Notes to the Financial Statements December 31, 2001 (Continued) 14. 15. Commitments and Contingencies A. Legal Claims During the normal course of business, the Town incurs claims and other assertions against it from various agencies and individuals. Management of the Town and their legal representatives feel none of these claims or assertions are significant enough that they would materially affect the fairness of the presentation of the financial statements at December 31, 2001. B. Federal Funds Funds c-eceived from Federal grants and programs are subject to audit and disallowance on ineligible costs. Management of the Town feels any potential questioned or disallowed costs would not materially affect the fairness of the presentation of the financial statements at December 31, 2001. TABOR Amendment -Revenue and Spending Limitation Amendment In November 1992, Colorado voters amended Article, X of the Colorado Constitution by adding Section 20, commonly known as the Taxpayer's Bill of Rights (TABOR). TABOR contains revenue, spending, tax and debt limitations which apply to the State of Colorado and local governments. TABOR requires, with certain exceptions, advance voter approval for any new tax, tax rate increase, mill levy above that for the prior year, extension of any expiring tax, or tax policy change directly causing a net tax revenue gain to any local government. Except for refinancing bonded debt at a lower interest rate or adding new employees to existing pension plans, TABOR requires advance voter approval for the creation of any multiple-fiscal year debt or other financial obligation unless adequate present cash reserves are pledged irrevocably and held for payments in all future fiscal years. TABOR also requires local governments to establish emergency reserves to be used for declared emergencies only. Emergencies, as defined by TABOR, exclude economic conditions, revenue shortfalls, or salary or fringe benefit increases. These reserves are required to be l % or more of fiscal year spending (excluding bonded debt service) for the fiscal year ended December 31, l 994, 2% or more for the fiscal year ended December 31, 1995 and 3% or more thereafter. The Town has reserved a portion of its December 31, 2001 year-end fund balance in the General Fund for emergencies as required under Tabor in the amount of $1,050,000, which is the approximate required reserve at December 31, 2001. The initial base for local government spending and revenue limits is December 3l, 1992 fiscal year spending. Future spending and revenue limits are determined based on the prior year's fiscal year spending adjusted for inflation in the prior calendar year plus annual local growth. Fiscal year spending is generally defined as expenditures and reserve increases with certain exceptions. Revenue, if any, in excess of the fiscal year spending limit must be refunded in the next fiscal year unless voters approve retention of such revenue. The Town's management believes it is in compliance with the financial provisions of TABOR. However, TABOR is complex and subject to interpretation. Many of its provisions, including the interpretation of how to calculate fiscal year spending limits, will require judicial interpretation. B21 Town of Vail, Colorado Notes to the Financial Statements December 31, 2001 I (Continued) 15. TABOR Amendment -Revenue and Spending Limitation Amendment (Continued) On November l 6, 1993, voters of the Town approved the collection and expenditure of all revenues generated including reduction in debt service during 1993 and each subsequent year (not including revenue generated from ad valorem properly taxes) without any increase in such tax rates and the 1 expenditure of such revenues for debt service, municipal operations, and capital projects, effective January 1, 1993. On November 7, 2000, voters of tl~e Town approved the collection and expenditure of all revenues received from ad valorem property taxes levied in 2000 and each year thereafter. 1 The remaining restrictions of the TABOR Amendment apply, which are: • Voter approval of all new taxes and tax rate increases; Voter approval for new or additional Town of Vail debt; ' • No increase or imposition of a new real estate transfer tax; and, • All election requirements remain in effect. B22 Combining and Individual Fund And Account Group Statements The combining fmancial statements present a summary of the fmancial position of all funds of a given fund type and of the operating results of the same funds. The individual fund and account group statements present information when only one fund or account group exists. General Fund i The general fund is used to account for resources traditionally , associated with government which are not required legally or by sound financial management to be accounted for in another fund , ' Town of Vail, Colorado General Fund Statement of Revenues ' Budget (GAAP Basis) and Actual For the Year Ended December 31, 2001 (With Comparative Amounts for 2000) ' 2001 2000 Variance Amended Favorable Budget Actual (Unfavorable) Actual Taxes: General sales taxes 8,893,755 8,968,544 74,789 8,760,101 Property and ownership taxes 2,567,758 2,606,648 38,890 2,243,281 Resort fees 1,927,800 2,145,5.87 217,787 1,961,723 Franchise fees 623,285 628,427 5,142 576,904 Penalties and interest on delinquent taxes 23,700 56,610 32,910 29,350 Total Taxes 14,036,298 14,405,816 369,518 13,571,359 Licenses and Permits: ' Construction fees 650,000 789,170 139,170 606,670 Contractors' licenses 38,000 27,991 (10,009) 43,820 Other permits and licenses 37,400 46,782 9,382 45,221 Total Licenses and Permits 725,400 863,943 138,543 695,711 Intergovernmental Revenues: j County sales tax 529,420 511,870 (17,550) 517,260 ' County road and bridge 480,300 477,279 (3,021) 466,024 Additional motor vehicle registration fees 28,000 27,049 (951) 27,403 Cigarette tax 118,609 98,604 (20,005) 101,451 Highway users tax 226,544 219,674 (6,870) 225,509 State health inspection li,300 12,117 (1,183) 13,064 Other State sources 12,914 12,914 23,782 Federal sources 29,118 29,118 2,000 Total Intergovernmental Revenues 1,396,173 1,388,625 (7,48) 1,376,493 Charges For Ser~~ices: I Management fees -Vail Local Marketing District 32,000 26,778 (5,222) 16,328 Internal service charges 117,000 117,000 Out of district fire response 36,000 31,065 (4,935) 57,324 Alarm monitoring fees 55,795 56,990 1,195 53,543 parking 2,000,000 2,313,445 313,445 1,980,417 Other charges, services, and sales 181,846 184,569 2,723 109,681 Total Charges for Services _ 2,422,641 2,729,847 307,206' 2,217,293 Other: ~ Fines and forfeits 209,458 273,723 64,265 279,367 ~ Interest on investments 185,000 273,496 88,496 391,781 Rents 498,311 552,513 54,202 427,329 ' Other 183,715 438,867 256,142 161,024 Total Other Revenues 1,076,484 1,538,589 462,105 1,259,501 ' Total Revenues 19,656,996 20;926,820 1,269,824 19,120,357 ~ The accompanying notes are an integral part of these financial statements. C1 Town of Vail, Colorado General Fund Statement of Expenditures and Other Financing Uses Budget (GAAP Basis) and Actual For the Year Ended December 31, 2001 (With Comparative Amounts for 2000) Expenditures: Town officials Administrative Community development Public safety -Police Public safety -Fire Public works Public transportation Parking Facility maintenance Public library Contributions and special events Total Expenditures Other Financing Uses: Transfer to Vail Local Marketing District Total Other Financing Uses Total Expenditures and Other Financing Uses 2001 2000 Variance Amended Favorable Budget Actual (Unfavorable) Actual 1,147,330 1,041,908 105,422 977,542 2,463,564 2,340,622 122,942 2,169,297 1,447,437 1,335,566 111,871 1,195,769 3,783,784 3,665,889 117,895 3,607,220 1,425,328 1,414,042 11,286 1,326,250 2,430,327 2,371,611 X8,716 2,174,096 2,813,031 2,709,129 103,902 2,639,831 427,116 407,864 19,252 399,260 2,242,406 2,188,308 54,098 1,942,880 770,621 729,646 40,975 716,577 833,420 840,158 (6,738) 900,001 19,784,364 19,044,743 739,621 18,048,723 317,000 317,000 317,000 317,000 20,101,364 19,361,743 739,621 18,048,723 The accompanying notes are an integral part of these financial statements. C2 tl Special ~Zevenue Funcls Special Revenue Funds are used to account for specific revenues that are legally restricted to expenditure for a particular purpose. The Capital Projects Fund is used to account for a portion of the Town's Sales Tax and Resort Fee which is restricted for the acquisitions of and improvements to the Town's general fixed assets. The Real Estate Transfer Tax Fund is used to account for the collection of Real Estate Transfer Tax revenue which is specifically restricted for acquiring and improving real property for recreation and open space purposes. The Vail Marketing Fund is used to account for the collection of a business license fee which is specifically restricted for expenditures related to marketing the town of Vail. Town of Vail, Colorado Special Revenue Funds ' Combining Balance Sheet December 31, 2001 (With Comparative Totals for 2000) ' Total , Capital Real Estate Vail Projects Transfer M arketing , Fund Tax Fund Fund 2001 2000 Assets ' Equity in pooled cash and investments 8,273,065 6,857,022 33,251 15,163,338 14,709,385 Receivables: Taxes and fees 2,007,109 13,202 2,020,311 ' 2,179,812 Other governments 1,03,068 1,053,068 1,080,823 Other 22,210 111,868 1,200 135,278 248,610 Total Assets 11,355,452 6,982,092 34,451 18,371,995 18,218,630 Liabilities and Fund Equity ' Liabilities Accounts payable 323,011 340,391 663,402 707,687 Accrued wages and benefits 7,159 7,159 6,329 Retainage payable 111,873 111,873 ' 64,94 Deferred revenue 1,012,340 1,012,340 1,024,681 Total Liabilities 1,335,351 459,423 1,794,774 1,803,291 ' Fund Equity ' Fund balances: Unreserved: ' Designated for subsequent years' expenditures 7,310,423 1,445,202 8,75,625 7,29,237 Undesignated 2,709,678 5,077,467 34,451 7,821,596 9,156,102 , Total Fund Equity 10,020,101 6,522,669 34,451 16,577,221 16,415,339 Total Liabilities , and Fund Equity 11,355,452 6,982,092 34,451 18,371,995 18,218,630 The accompanyi ng riotes are an integral part of these financial statements . C3 , t 1 1 1 1 Town of Vail, Colorado Combining Statement of Revenues, Expenditures, and Changes in Fund Balances All Special Revenue Funds For the Year Ended December 31, 2001 (With Comparative Totals for 2000) Real Vail Total Capital Estate Valley Projects Transfer Marketing Fund Tax Fund Fund 2001 2000 Revenues: Taxes 6,765,744 3,029,526 9,795,270 ]0,126,675 Licenses and permits 17,037 318,284 335,321 385,216 Intergovernmental revenues 17,429 20,170 37,599 71,348 Sales of assets 1,345,771 1,345,771 121,618 Interest on investments 420,352 324,796 3,789 748,937 ],031,447 Fines and forfeits 12;340 12,340 12,340 Rents 139,480 111,868 251,348 245,617 Miscellaneous revenues 189,459 478,7]0 668,169 2,696,060 Total Revenues 8,890,575 3,982,107 322,073 13,194,755 ]4,690,321 Expenditures: Culture and recreation 726,264 726,264 605,247 Economic development 315,914 315,914 326,562 Capital projects 5,232,001 4,495,736 9,727,737 9,479,094 Total Expenditures 5,232,001 5,222,000 315,914 10,769,915 10,410,903 Excess of Revenues Over (Under)Expenditures 3,658,574 (1,239,893) 6,]59 2,424,840 4,279,418 Other Financing Sources (Uses): Operating transfers (out) (2,262,958) (2,262,958) (2,288,506) Total Other Financing Sources (Uses) (2,262,958) (2,262,958) (2,288;506) .Excess of Revenues Over (Under) Expenditures and Other Financing Sources (Uses) 1,395,616 (1,239,893) 6,159 161,882 ],990,912 Fund Balances -January 1 8,624,485 7,762,562 28,292 16,415,339 13,687,21 1 Residual Equity Transfers 737,216 Fund Balances, December 31 10,020,101 6,522,669 34,451 16,577,221 l 6,415,339 The accompanying notes are an integral part of these financial statements. C4 Town of Vail, Colorado t Special Revenue Funds , Capital Projects Fund Schedule of Revenues, Expenditures, and Transfers Budget (GAAP Basis) and Actual ' For the Year Ended December 31, 2001 (With Comparative Amounts for 2000) ' 2001 2000 , Variance _ Amended Favorable , Budget Actual (Unfavorable) Actual Revenues: Sales tax revenue 6,685,065 6,765,744 80,679 6,608,497 Federal grants 66,854 17,429 (49,425) 49,425 ' Sales of assets 2,359,844 1,345,771 (1,014,073) 119,811 Special parking assessments 12,340 12,340 12,340 , Interest on investments 360,000 420,352 60,352 551,445 Leases -Vail Commons 149,480 139,480 (10,000) 139,480 , Other 74,203 189,459 115,256 759,830 Total Revenues 9,707,786 8,890,575 (817,211) 8,240,828 Expenditures and Transfers: Capital projects and acquisition 8,074,188 5,232,001 2,842,187 6,982,165 ' Operating Transfers: Debt Service Fund 2,324,908 2,262,958 61,950 2,288,506 ' Total Expenditures and Transfers 10,399,096 7,494,959 2,904,137 9,270,671 The accom panying notes are an integral part of these fina tements. ncial sta ' C5 , t Town of Vail, Colorado Special Revenue Funds Capital Projects Fund Schedule of Project Expenditures Budget and Actual Comparison For the Year Ended December 31, 2001 Variance Project Amended Favorable Number Project Name Budget Actual (Unfavorable) CBI010 Fire Infrastructure Improvements 100,000 16,361 83,639 CBI01-1 Municipal Building Remodel 5,535 (5,535) CBI015 Community Facilities Hub Site 235,000 164,503 70,497 CBI020 Vail Center Financing 58,456 58,409 47 CBI021 Donovan Park Pavilion 550,000 228,611 321,389 CBI022 Dobson Ice Arena 136,840 115,727 21,113 CEP001 Fire Truck Purchase 653,228 673,640 (20,412) CEP005 Software/Hardware Purchases 456,713 384,246 72,467 CEP006 Radio Replacement 152,372 151,898 474 CEPO11 Document Imaging 117,720 108,610 9,110 CEP013 Snow Plow 49;297 39,197 10,100 CEPO15 3rd Sheet of Ice 239,»7 223,127 16,430 CEP016 GPS System for Buses 280,000 271,494 8,506 CEP017 Radio Tower Equipment 155,789 64,399 91,390 CHP001 Buy Down Program 1,100,000 19,204 1,080,796 CHP002 Vail Heights Employee Unit 378,286 118,278 260,008 CHP003 Mountain Bell Housing 250,000 245,988 4,0.12 CHP004 Ruins Project 15,449 (15,449) CMP004 Parking Study 11,238 19,313 (8,070 CMT004 Capital Street Maintenance 570,057 556,333 13,724 CMT005 Facility Capital 225,000 206,000 19,000 CMT007 Parking Structure Maintenance 502,547 435,200 67,347 CMT008 Municipal Building Site Design 30,000 12;231 17,769 COT002 Street Light Improvement Program 75,000 57,131 17,869 COT003 Drainage Improvements 100,000 47,304 52,696 COT006 Lionshead Financing 25,000 2,500 22,500 COT009 Lionshead Improvements 213,395 57,324 156,071 CSCO10 Way Finding Improvements 559,669 398,335 161,334 CSCO11 West Meadow Drive 250,000 170,768 79;232 CSR002 Vail Valley Drive 100,000 11,278 88,722 CSR003 Lupine Drive 34,459 29,362 5,097 CSR004 Vail Road 3,510 3,564 (54) FEDO15 Bus Ramp/Wheelchair Lift 50,869 25,599 25,270 HSG008 Red Sandstone Housing 5,950 (5,950) HSGO11 Arosa-Garmisch Site 270,000 283,104 (13,104) Other Projects 140,186 6,029 134;157 Total 8,074,188 5,232,001 2,842,187 The accompanying notes are an integral part of these financial statements. C6 Town of Vail, Colorado Special Revenue Funds Real Estate Transfer Tax Fund Schedule of Revenues, Expenditures and Transfers Budget (GAAP Basis) and Actual For the Year Ended December 31, 2001 (With Comparative Amounts for 2000) 2001 Revenues: Real estate transfer tax Recreation amenities fee Lottery revenue Federal revenues Sales of assets Interest on investments Land lease to Vail Recreation District Other Total Revenues Variance Amended Favorable Budget Actual (Unfavorable) Actual 2,900,000 3,029,526 129,526 3,518,178 130,000 17,037 (112,963) 58,654 18,000 20,170 2,170 20,125 1,798 1,807 400,000 324,796 (75,204) 478,485 113,417 111,868 (1,549) 106,137 471,500 478,710 7.,210 1,909,455 4,032,917 3,982,107 (50,810) 6,094,639 Expenditures: Project management 8,000 71,674 13,326 71,933 Park maintenance 737,732 726,264 11,468 605,247 Capital projects 6,041,838 4,424,062 1,617,776 2,424,996 Total Expenditures 6,864,570 5,222,000 1,642,570 .3,102,176 The accompanying notes are an integral part of these financial statements. C7 1 Town of Vail, Colorado Special Revenue Funds Real Estate Transfer Tax Fund Schedule of Project Expenditures Budget and Actual Comparison For the Year Ended December 31, 2001 Variance Project Amended Favorable Number Project Name Budget Actual (Unfavorable) RCI01 Gore Creek Promenade Bridge 25,000 6,849 18,151 RFP006 Alpine Gardens Contribution 38,500 38,600 RFP007 Ford Park Playground Improvements 39,574 21,268 18,306 RFPO11 Nature Center Bridge Repair 300,015 264,020 36,995 RFP013 Gore Creek Trail 100,000 100,000 RFPOl4 Trash Enclosure 60,000 57,774 2,226 RMTOOI Recreation Path Maintenance 196,000 117,865 77,]46 RMT002 Tree Planting 100,000 7,380 92,620 RMT004 Internal Service Charge to General Fund 87,000 87,000 RMT006 Street Furniture - Streetscape 31,000 34,612 (3,612) RMT006 Black Gore Creek Sand Mitigation 21,000 15,022 6,978 RPA001 Property Acquisition 600,000 471,901 28,099 RPD002 New West Vail Park 176,389 106,910 69,479 RPD006 Donovan Park -Lower Bench 3,600,000 2,686,844 813,166 RPD006 Whitewater Park 76,000 80,431 (6,431) RPD008 Red Sandstone Soccer Field 360,000 203,947 146,063 RPI006 Stephens Park Improvements 46,401 24,642 21,869 RPT003 North Trail 86,000 46,444 38,666 RPT007 Trailhead Signs/Development 110,000 10,089 99,911 RPT009 Katsos Ranch Bike Path Realignment 66,000 31,787 23,213 RRT001 Public Art 9,100 9,100 Other 137,869 1,787 136,072 Total 6;041,838 4,424,062 1,617,776 The accompanying notes are an integral part of these financial statements. C8 Town of Vail, Colorado Special Revenue Funds Vail Marketing Fund Schedule of Revenues, Expenditures, and Transfers ' Budget (GAAP Basis) and Actual For the Year Ended December 31, 2001 (With Comparative Amounts for 2000) 2001 2000 Variance Amended Favorable ' Budget Actual (Unfavorable) Actual Revenues: , Business licenses 336,700 318,284 (18,416) 326,562 Interest on investments 3,789 3,789 1,617 Other revenue ~ 26,776 Total Revenues 336,700 322 073 14,627 ( ) 364,864 , Expenditures: Vail Local Marketing District 79,866 60,000 19,865 310,234 Vail Chamber & Business Association 240,000 240,000 Administration fee 16,836 15,914 921 , 16,328 Total Expenditures 336,700 316,914 20,786 326,662 ' not The accompanying es are an inte ral a g p rt of these fina ncial statements. C9 i Debt Service Fund The Debt Service Fund is used to account for the accumulation of resources and payment of general obligation bond principal and interest from governmental resources. Town of Vail, Colorado Debt Service Fund Comparative Balance Sheet December 31, 2001 and 2000 Assets Equity in pooled cash and investments Total Assets Liabilities and Fund Equity Liabilities Accounts payable Total Liabilities 132,173 171,465 132,173 171,465 225 1,113 Fund Equity Fund balance Reserved for retirement of bond indebtedness Total Fund Equity Total Liabilities and Fund Equity 131,948 170,352 132,173 171,465 The accompanying notes are an integral part of these financial statements. C10 r r i i r 1 1 Town of Vail, Colorado Debt Service Fund Comparative Statement of Revenues, Expenditures, and Changes in Fund Balance For the Years Ended December 31, 2001 and 2000 Revenues: Interest on investments Total Revenues Expenditures: Bond Issues: Principal Interest Fiscal agent fees Total Expenditures Excess of Revenues (Under) Expenditures Other Financing Sources: Operating Transfers In: Capital Projects Fund Total Other Financing Sources Excess of Revenues Over (Under) Expenditures and Other Financing Sources (iJses) Fund Balances -January 1 Fund Balances -December 31 2001 2000 18,082 18,082 1,235,000 1,082,921 1,523 2,319,444 (2,301,362) 2,262,958 2,262,958 (38,404) 170;352 131,948 39,546 39,546 .1,175,000 1,143,873 2,558 2,321,431 (2,281,885) 2,288,506 2,288,506 6,621 163,731 170,352 The accompanying notes are an integral part of these financial statements. C11 Town of Vail, Colorado Debt Service Fund Statement of Revenues and Expenditures Budget (GAAP Basis) and Actual For the Year Ended December 31, 2001 (With Comparative Amounts for 2000) 2001 2000 Revenues: Interest on investments Operating Transfers: Capital Projects Fund Total Revenues Expenditures: Bond Issues: Principal Interest Fiscal agent fees Total Expenditures Variance Favorable Budget Actual (Unfavorable) Actual 18,082 18,082 39,546 2,324,908 2,262,958 (61,90) 2,288,506 2,324,908 2,281,040 (43,868) 2,328;052 1,23,000 1,235,000 1,175,000 1,082,923 1,082,921 2 1,143,873 6,985 1,523 5,462 2,558 2,324,908 2,319,444 5,464 2,321,431 The accompanying notes are an integral part of these financial statements. C12 i ii Internal Service Funds Internal Service Funds are used to account for the fmancing of goods or services provided by-one department or agency to other departments or agencies of the government and to other government units, on a cost reimbursement basis. The Heavy Equipment Fund is used to account for the repair and maintenance costs and purchase of Town vehicles and equipment, excluding buses and fire trucks. Operating costs, including depreciation costs, are charged to user departments and projects based on actual miles driven multiplied by a predetermined rate per mile. The Health Insurance Fund is used to account for the health insurance plan provided by the Town to its employees. The premiums charged are allocated to the Town's funds that have employees covered by the health insurance plan. The Dispatch Services Fund is used to account for the operations, including depreciation, of all emergency dispatch services within Eagle County. User entities are charged based on budgeted estimates. Town of Vail, Colorado Internal Service Funds , Combining Balance Sheet December 31, 2001 (With Comparative Totals for 2000) , Total ' Hea~ry Health Dispatch Equipment Insurance Services Fund Fund Fund 2001 2000 Assets Equity in pooled cash ' and investments 1,257,114 706,822 186,319 2,150,255 1,734,784 Accounts receivable, net 3,444 369 125 3,938 192,609 Inventory 179,134 179,134 168,970 Prepaid expenses 19,665 8,769 28,434 146,874 Property, plant and equipment (net of accumulated depreciation) 2,624,670 168,420 2,693,090 2,434,928 Total Assets 3,984,027 715,960 364,864 5;054,851 4,678,165 t Liabilities and Fund Equity Liabilities Accounts payable 346,861 166;468 6,028 618,337 261,749 Accrued wages & benefits 66,283 72,417 137,700 137,079 Total Liabilities 411,134 166,468 78,446 666,037 398,828 r Fund Equity , Contributed capital 849,661 327,118 1,176,679 1,649,626 Retained earnings: Reserved for health insurance 649,602 649,602 362,396 Reserved for subsequent year's expenditures 187,263 187,263 336,772 Unreserved (Deficit) 2,636,069 (60,699) 2,486,370 2,040,644 Total Fund Equity 3,672,893 649,602 276,419 4,398,814 4,279,337 Total Liabilities and Fund Equity 3,984,027 716,960 364,864 6,064,861 4,678,166 The accompanying notes are an integral part of these financial statements. C13 ' Town of Vail, Colorado Internal Service Funds Combining Statement of Revenues, Expenses, and Changes in Retained Earnings For the Year Ended December 31, 2001 (With Comparative Totals for 2000) Total Heavy Health Dispatch Equipment Insurance Services Fund Fund Fund 2001 2000 Operating Revenues: Intergovernmental revenues 285,640 285,640 21 ],379 Charges for services 1,677,257 1,393,325 1,030,765 4,101,347 3,818,122 Building rents 30,220 30,220 Insurance reimbursements 81,881 Other 1,172 1,172 935 Total Operating Revenues 1,708,649 1,393,325 1,316,405 4,418,379 4,1]2,317 Operating Expenses: Operations 1,377,558 1,294,473 2,672,031 2,432,348 Depreciation 542,239 83,924 626,163 594,538 Health claims and premiums 1,350,014 1,350.014 1,533,962 Total Operating Expenses 1,919,797 1,350,014 1,378,397 4,648,208 4,560,848 Operating Income (Loss) (211,148) 43,31 ] (61,992) (229,829) (448,531) Non-Operating Revenues (Expenses): Interest income 52,175 28,795 10,294 91,264 131,71 1 Gain on disposition of equipment 630,988 ~ 630,988 314,875 Total Non-Operating Revenues 683,163 28,795 10,294 722,252 446,586 Net Income (Loss) 472,015 72,106 (51,698) 492,423 (1,945) Retained Earnings -January 1 2,251,317 477,396 999 2,729,7] 2 3,067,122 Residual Equity Transfers (335,465) Retained Earnings (Deficit) -December 31 2,723,332 549,502 (50,699) 3,222,135 2,729,712 The accompanying notes are an integral part of these financial statements. C14 Cash Flows From Operating Activities: Cash from other funds Other receipts of cash Cash paid for goods and services Cash paid to employees Net Cash Provided (Used) by Operating Activities Cash Flows from Noncapital Financing Activities: Cash (to) other funds Net Cash (Used) by Noncapital Financing Activities Cash Flows From Capital and Related Financing Activities: Sale of fixed assets Purchase of fixed assets Net Cash (Used) by Capital and Related Financing Acti~~ties Cash Flows from Investing Activities: Interest received Net Cash Provided by Investing Activities Net Increase (Decrease) in Cash and Cash Equivalents Cash and Cash Equivalents at Beginning of Year Cash and Cash Equivalents at End of Year Reconciliation of Operating Income (Loss) to Net Cash Provided ([Jsed) by Operating Activities Operating Income (Loss) Adjustments: Depreciation (Increase) decrease in accounts receivable (Increase) decrease in inventory (Increase) decrease in prepaid expenses lncrease(decrease)in accounts payable (Decrease) in deferred revenue Increase (decrease) in accrued wages and benefits Total Adjustments Net Cash Provided (Used) by Operating Activities Schedule of Non-Cash Investing Activit}~: Acquisition of equipment contributed by another fund To~rm of Vail, Colorado Internal Service Funds Combining Statement of Cash Flows For the Year Ended December 31, 2001 (With Comparative Totals for 2000) Heavy Health Dispatch Equipment Insurance Services Fund Fund Fund Total 2001 loon , 1,677,257 1,547,186 473,646 3,698,089 3,108,593 27,948 881,012 908,960 844,714 (596,995) (1,266,700) (546,895) (2,410,590) (2,698,397) (474,680) (22,124) (749,165) (1,245,969) (1;287,075) 633,530 258,362 58,598 950,490 (32,165) ' (508,976) (508,976) 211,665 211,665 82,568 (837,949) (837,949) (398,816) (626,284) (626,284) (316;L48) 52,175 28,795 10,294 91,264 131,711 52,175 28,795 10.294 91,264 131,711 59,421 287,157 68,892 415,470 (725,678) 1,197,692 419.665 117,427 1,734,784 2,460,462 1,257,113 706,822 186,319 2,150,254 1,734,784 (211,148) 43,311 (61,992) (229,829) (448,531) 542,239 83,924 626,163 594,538 (3,444) 153,861 38,254 188,671 (157,342) (10,164) (10,164) 4,882 (1,312) 119,752 118,440 (48,277) 314,175 (56,961) (626) 256,588 _18,317 (1,667) 3,184 (1,601) (962) 621 5,9]5 844,678 21.5,051 120,590 1,180,3]9 4]6,366 633,530 258,362 58,598 950,490 (32,165) 39,197 32,662 71,859 ].97,484 The accompanying notes are an integral part of these financial statements. C15 t To~~n of Vail, Colorado Internal Service Funds Heavy Equipment Fund Schedule of Revenues and Expenses Budget (Non-GAAP Basis) and Actual With a Reconciliation to GAAP Basis For the Year Ended December 31, 2001 (With Comparative Amounts for 2000) 2001 2000 Variance Amended Favorable Budget Actual ([Jnfavorable) Actual Revenues Operating charges 1,373,725 1,274,231 (99,494) 1,181,536 Replacement charges 411,913 403,026 (8,887) 387,994 Insurance reimbursements 43,681 30,220 (13,461) 81,881 Other 1,172 1,172 93 5 Sale of assets 214,450 211,665 (2,785) 82,568 Interest on investments 20,000 52,17 32,175 72,515 Total Revenues 2,063,769 1,972,489 (91,280) 1,807,429 Expenses: Vehicle maintenance and fuel 1,529,576 1,371,567 18,009 1,286,707 Capital outlay 835,568 844,480 (8,912) 374,666 Total Expenses 2,365,144 2,216,047 149,097 1,661,373 Net Income -Non-GAAP Basis (243,558) 146,056 Book value of retired equipment 419,323 232,307 Accrued vacation 540 (990) Depreciation (542,239) (504,647) Assets purchased 837,949 351,871 Net Income - GAAP Basis 472,015 224,597 The accompanying notes are an integral part of these financial statements. C16 Town of Vail, Colorado Internal Service Funds Health Insurance Fund Schedule of Revenues and Expenses Budget (GAAP Basis) and Actual For the Year Ended December 31, 2001 (With Comparative Amounts for 2000) 2001 Revenues: Insurance premiums Interest on investments Variance Favorable Budget Actual (Unfavorable) 1,544,910 1,393,32 (151,85) 33,750 28,795 (4,95) Total Revenues Expenses: Health claims Premiums Administrative fees Short-term disability.payments Total Expenses 2000 Actual 1,228,148 41,132 1,578,660 1,422,120 (156,540) 1,269,280 " 1,475,660 1,111,463 64 197 3 1 313 379 1 , 180,000 183,431 (3,431) 142,345 25,000 25,000 25,000 23,000 30,120 (7,120) 53,238 ' 1,703,660 1,350,014 353,646 1,533,962 , ,' The accompanying notes are an integral part of these financial statements. C17 , Town of Vail, Colorado Internal Service Funds Dispatch Services Fund, Schedule of Revenues and Expenses Budget (Non-GAAP Basis) and Actual With a Reconciliation to GAAP Basis For the Year Ended December 31, 2001 (With Comparative Amounts for 2000) 2001 Variance Amended Favorable Budget Actual (Unfavorable) 2000 Actual Revenues: Intergovernmental revenue 285,640 285,640 211,379 Charges for services 1,030,762 1,030,765 3 1,020,444 Interest on investments 10;294 10,294 18,064 Total Revenues 1,316,402 1,326,699 10;297 1;249,887 Expenses: Salaries and benefits 1,150,218 1,128,328 21,890 1,018,939 Operating expenses 164,600 173,731 (9,131) 108,286 Capital outlay 51,548 Total Expenses 1,314,818 1,302,059 12,759 1,178,773 Net Income -Non-GAAP Basis 24,640 71,114 Accrued vacation 7,586 9,972 Depreciation (83,924) (89, 891) Assets purchased 46,945 Net Income (Loss) - G_AAP Basis 01,698) 38,140 The accompanying notes are an integral part of these financial statements. C18 ^ t t i Town of Vail, Colorado Expendable Trust Funds Combining Balance Sheet December 31, 2001 (With Comparative Totals for 2000) Total Deferred Pension Compensation Trust Plan 2001 2000 Assets Cash and investments - restricted 26,598,154 2,721,201 29,319,355 30,987,014 Loans to participants 199,747 199,747 317,290 Total Assets 26,797,901 2,721,201 29,519,102 31,304,304 Fund Equity Fund Balance: Reserved 26,797,901 2,721,201 29,519,102 31,304,304 Total Fund Equity 26,797,901 2,721,201 29,519,102 31,304,304 Total Liabilities and Fund Equity 26,797,901 2,721,201 29,519,102 31,304,304 The accompanying notes are an integral part of these financial statements. C19 Town of Vail, Colorado Expendable Trust Funds Combining Statement of Revenues, Expenses, and Changes in Fund Balances For the Year Ended December 31, 2001 (With Comparative Totals for 2000) Operating Revenues: Employee contributions Employer contributions Realized and unrealized gains (losses) Total Operating Revenues Operating Expenses: Professional fees Benefits paid Total Operating Expenses Operating (Loss) Non-Operating Revenues: Investment income Total Non-Operating Revenues Net (Loss) Fund Balances -January 1 Fund Balances -December 31 Total Deferred Pension Compensation , Trust Plan 2001 2000 30 887 > 264 705 295 592 > 366,005 1,668,338 1,668,338 1,535,069 (2,292,487) (166,549) (2,459,036) , (2,083,206) (593,262) 98,156 (495,106) (182,132) 65,460 20,427 85,877 85,741 1,643,177 353,593 1,996,770 3,584,029 1,708,627 374,020 2,082,647 3,669,770 , (2,301,889) (276,864) (2,677,753) (3,861,902) 792,561 792,551 2,147,828 792,551 792,551 2,147,828 ' (1,609,338) (275,864) (1,785,202) (1,704,074) ' 28,307,239 2,997,065 31,304,304 33,008,378 26,797,901 2,721,201 29,519,102 31,304,304 The accompanying notes are an integral part of these financial statements. , C20 t Town of Vail, Colorado Expendable Trust Funds Pension Trust Fund Comparative Statement of Revenues, Expenses, and Changes in Fund Balances For the Years Ended December 31, 2001 and 2000 Operating Revenues: Employee contributions Employer contributions Realized and unrealized gains (losses) Total Operating Revenues Operating Expenses: Professional fees Benefits paid Total Operating Expenses Operating (Loss) Non-Operating Revenues: Investment income Total Non-Operating Revenues Net (Loss) Fund Balances -January 1 Fund Balances -December 31 2001 2000 30,887 92,248 1,668,338 1,535,069 (2.292,487) (2,053,941) (593,262) (426,624) 65,450 1,643,177 1,708,627 (2,301,889) 792,551 792,551 (1,509,338) 28,307;239 67,560 3,333,227 3,400,787 (3,827,411) 2,147,828 2,147,828 (1,679,583) 29,986,822 26,797,901 28,307,23 9 The accompanying notes are an integral part of these financial statements. C21 Town of Vail, Colorado Expendable Trust Funds Deferred Compensation Plan Fund Comparative Statement of Revenues, Expenses and Changes in Fund Balances For the Years Ended December 31, 2001 and 2000 Operating Revenues: Contributions Realized and unrealized gains (losses) Total Operating Revenues Operating Expenses: Professional fees Benefits paid Total Operating Expenses Net (Loss) Fund Balances -January 1 Fund Balances -December 31 2001 264,705 (166,549) 98,156 20,427 353,593 374,020 (275,864) 2,997,065 2000 273,757 (29,265) 244,492 18,181 250,802 268,983 (24,491) 3,021,556 2,721,201 2,997,065 The accompanying notes are an integral part of these financial statements. C22 General fixed Assets i General government Public Safety Public Works Transportation Parking Facility Maintenance Housing Library Recreation Total General Fixed Assets 1 Town of Vail, Colorado Sch edule of General Fixed Assets - By Function December 31, 2001 , Improvements Other than Total Land Buildings Buildings Equipment r 22,635,723 19,277,498 2,065,227 344,859 948,139 6,760,123 4,488,460 291,841 1,979,822 1,660,638 1,453,442 207,196 , 7,252,79 18,906 7,233,853 25,937,171 23,387,387 1,828,405 721,379 ' 52,354 52 354 4,374,845 4,33,051 21,794 , 3,802,251 2,562,604 165,345 1,074,302 ' 4,062,574 3,640,237 242,488 179,849 76,538,438 19,277,498 40,496,966 4,367,080 12,396,894 ' The accompanying notes are an integral part of these financial statements. C23 , General Long-Term Debt Town of Vail, Colorado Comparative Schedule of General Long-Term Debt December 31, 2001 2001 2000 General Obligation Series 1992A 4,200,000 5,200,000 Sales tax revenue bonds Series 1992B 5,570,000 5,805,000 Series 1998A 8,760,000 8,760,000 Series 1998B 735,000 735,000 Capitalized lease agreements 282,887 418,073 Accrued vacation pay 641,598 X78,045 Total Amount available and to be provided for payment of long-term debt: Amount Available: From debt service funds To be Provided: From sales taxes and other sources Total 20,189,485 21,496,118 131,948 20,057,537 20,189,485 170,352 21,32,766 21,496,118 The accompanying notes are an integral part of these financial statements C24 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 Town of Vail, Colorado Debt Service Schedule of Bond Principal and Interest Requirements in Future Years General Obligation Refunding Bonds Series 1992A December 31, 2001 Original issue $7,500,000, interest rate 3.00% to 5.80% with June and December coupon dates. Bonds maturing June 2005 and thereafter are subject to redemption at 101% of par value through November 30, 2003 and at par value thereafter for maturity after December 31, 2002. Year Principal Interest Total 2002 1,050,000 249,900 1,299,900 2003 1,150,000 189,000 1,339,000 2004 1,250,000 120,000 1,370,000 2005 750,000 45,000 795,000 4,200,000 603,900 4,803,900 The accompanying notes are an integral part of these financial statements. C25 Town of Vail, Colorado Debt Service . Schedule of Bond Principal and Interest Requirements in Future Years Sales Tax Revenue Refunding and Improvement Bond Series 1992B December 31, 2001 Original issue $15,165,000, interest rate 3.00% to 6.125% with June and December coupon dates. Bonds maturing June 1, 2005 and thereafter are subject to redemption at 101 % of par value at December 1, 2002 through May 31, 2003 and at par value thereafter. Year Principal Interest Total 2002 260,000 331,428 591,428 2003 230,000 321,638 551,638 2004 210,000 308,738 518,738 2005 815,000 278,288 1,093,288 2006 1,315,000 213,762 1,528,762 2007 390,000 162,007 552,007 2008 415,000 137,660 552,660 2009 440,000 111,934 551,934 2010 470,000 84,525 554,525 2011 495,000 55,279 550,279 2012 530,000 24,500 554,500 5,570,000 2,029,759 7,599,759 The accompanying notes are an integral part of these financial statements. C26 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 Town of Vail, Colorado Debt Service Schedule of Bond Principal and Interest Requirements in Future Years Taxable Sales Tax Revenue Bonds, Series 1998A December 31, 2001 Original principal issue $8,760,000, interest rate 4.25% to 4.45% with June and December coupon dates. Bonds maturing on and after December 1, 2009 are subject to redemption prior to maturity at the option of the Town, in whole or in part in integral multiples of $5,000, and if in part in such order of maturities as the Town shall determine and by lot within a maturity, on December 1, 2008 and on any date thereafter, at a redemption price equal to par, plus accrued interest to the redemption date. Year Principal Interest Total 2002 386,628 386,628 2003 386,628 386,628 2004 386,628 386,628 2005 386,628 386,628 2006 386,628 386,628 2007 985,000 386,628 1,371,628 2008 1,425,000 344,766 1,769,766 2009 1,485,000 283,490 1,768,490 2010 1,550,000 218,150 1,768,150 2011 1,625,000 149,176 1,774,176 2012 1,690,000 76,050 1,766,050 8,760,000 3,391,400 12,151,400 The accompanying notes are an integral part of these financial statements. C27 Town of Vail, Oolorado Debt Service Schedule of Bond Principal and Interest Requirements in Future Years Taxable Sales Tax Revenue Bonds, Series 1998B December 31, 2001 Original principal issue $735,000, interest rate 6.00% to 6.05% with June and December coupon dates. The bonds are not subject to redemption prior to maturity. Year Principal Interest Total 2002 44,288 44,288 2003 44,288 44,288 2004 44,288 44,288 2005 44,288 44,288 2006 360,000 44,288 404,288 2007 375,000 22,688 397,688 735,000 244,128 979,128 The accompanying notes are an integral part of these financial statements. C28 Road and fridge The public report burden for this information collection is estimated to average 380 hours annually. Form Approved OMB No. 2125-0032 City or County: LOCAL HIGHWAY FINANCE REPORT YEAR ENDING December 2001 This Information From The Records Of (example -City of _ or Cou Prepared By: Phone: I. DISPOSITION OF HIGHWAY-USER REVENUES AVAILABLE FOR LOCAL GOVERNMENT EXPENDITURE A. Local ITEM Motor-Fuel Taxes 1. Total recei is available 2. Minus amount used for collection ex ense 3. Minus amount used for nonhi hwa u o 4. Minus amount used for mass transit ~. emam er use or lg way purposes II. RECEIPTS FOR ROAD AND STREET PURPOSES B. Local .Receipts from .Receipts from Motor-Vehicle State Highway- Federal Highway Taxes User Taxes Administration II. DISBURSEMENTS FOR ROAD AND STREET PURPOSES ITEM AMOUNT ITEM AMOUNT A. Recei is from local sources: A. Local hiQhwa disbursements: 1. Local hi hwa -user taxes 1. Ca ital outla from a e 2) 613,214 a. Motor Fuel (from Item I.A.S.) 2. Maintenance: 1,221,145 b. Motor Vehicle (from Item I.B.S.) 3. Road and street services: c. Total (a.+b.) a. Traffic control o erations 261.31 I 2. General fund a ro riations 2,698,785 b. Snow and ice removal 624,676 3. Other local im osts (from a e 2) 661,641 c. Other 4. Miscellaneous local recei is (from a e 0 d. Total (a. throu h c.) 885,987 5. Transfers from toll facilities 4. General administration & miscella 133,084 6. Proceeds of sale of bonds and notes: S. Hi hwa law enforcement and saf 753,719 a. Bonds - Ori final Issues 6. Total (1 throu h 5) 3,607,149 b. Bonds -Refundin Issues B. Debt service on local obli ations: c. Notes 1. Bonds: d. Total (a. + b. + c.) 0 a. Interest 7. Total (1 throu h 6 3,360,426 b. Redem tion B. Private Contributions c. Total (a. + b.) 0 C. Receipts from State government 2. Notes: (from a e 2) 246,723 a. Interest D. Receipts from Federal Government b. Redem tion (from a e 2) 0 a Total (a. + b.) 0 Tota receipts A.7 + + + ota .c + .c) C. Pa ments to State for hi hways D. Pa ments to toll facilities ota ~s ursements ( + + IV. LOCAL HIGHWAY DEBT STATUS (Show all entries at ar) '~Y O enin Debt Amount Issued Redem tions Closin Debt A. Bonds (Total) 0 1. Bonds (Refundin Portion) otes ota ) Notes and Comments: FORM FHWA-536 (Rev.12-96) PREVIOUS EDITIONS OBSOLETE (Next Page) 1 1 1 t STATE: Colorado LOCAL HIGH~'AP FINANCE REPORT YEAR ENDING (mm/yy): December 2001 II. RECEIPTS FOR ROAD AND STREET PURPOSES -DETAIL ITEM AMOUNT ITEM AMOUNT A.3. Other local im osts: A.4. Miscellaneous local recei ts:, a. Pro e Taxes and Assesments a. Interest on investments b. Other local im osts: b. Other 1. Sales Taxes c. Transfers 2. Traffic Fines d. Ca ital Credits 3. S ecific Ownershi Tax 184,362 e. Sale of Assets 4. Motor Vehicle Re istration £ Fees/Licenses/Permits 5. From Cities/Counties 477,279 e. Service Performed 6. Total (1. throu h ~.) 661,641 h. Refunds of Ex enditures c. Total (a. + b.) 661,641 i. Total (a. through h.) 0 (Cam forwazd to page I) (Cam forward to page 1) ITEM AMOUNT ITEM AMOUNT C. Recei is from State Governmen D. Recei is from Federal Govern L Hi hwa -user taxes 219;674 1. FHWA (from Item LD.S.) 2. State eneral funds 2. Other Federal a encies: 3. Other State funds: a. Forest Service a. State bond roceeds b. FEMA b. Pro'ect Match c. HUD c. Motor Vehicle Registration 27,049 d. Mineral Leasing d. (S eci ) e. Pa Lieu of Tax e. (S eci ) f Other Federal. f Total (a. through e.) 27,049 .Total (a. throu h f) 0 4. Total (1. + 2. + 3.f) 246,723 3. Total (1. + 2. ) III. DISBURSEMENTS FOR ROAD AND STREET PURPOSES -DETAIL (Carry forward to page 1) ON NATIONAL HIGHWAY SYSTEM (a) OFF NATIONAL HIGHWAY SYSTEM (b) TOTAL (c) A.1. Ca ital outla a. Ri ht-Of-Wa Costs 0 b. Enaineerin Costs 203,382 203,382 c. Construction: 1). Ca aci Itn rovements 0 (2). Svstem Preservation 409,832 409,832 (3). Safe And Other 0 (4). Total Construction (1)+(2)+(3) 0 409,832 409,832 d. Total Ca ital Outla (Lines l.a. + 1.6. + 1.c.4) 0 613,214 613,2]4 (Carry forward to page 1) Notes and Comments: FORM FHWA-S36 (Rev.12-96) PREVIOUS EDITIONS OBSOLETE 2 ~, 1 1 I 1 1 1 1 1 Town of Vail, Colorado Issuer's Annual Report Update of Official Statement Tables to be Updated Tables I, III, and IV December 3l, 2001 TABLET Debt Service Coverane 1997 1998 1999 2000 2001 Pledged Revenues 514,747,419 515,030,386 514,509,421 515,232,587 515,411,044 Maximum Annual Debt Service 52,324,453 52,324,453 52,324,453 52,324,453 52,324,453 Coverage Factor 6.34x 6.47x 624x 655x 6.63x TABLE III History of Town 4% Sales Tax Receipts Sales Tax Percent Year Collections (l l Increase 1997 5 14,747,419 - 1998 5 1.5,030,386 1.92% 1999 5 14,509,421 -3.47% 2000 5 15,232,588 4.98% 2001 5 15,411,044 1.17% (1) The reported Sales Tax Collections vary from the sales tax revenues reported in the Town's audited financial statements because one-time payments of sales tax on, for example, the sale of business assets or the settlement of a sales tax claim, are not included above. TABLE IV Monthly Comparison of Collections of Sales Tax 12-month Period Ended 12-month Period Ended December 31; 2000 December 31, 2001 Percent Change Current Year Current Year Current Year Month Month To Date Month To Date Month To Date January 52,034,529 52,034,529 52,210,547 52,210,547 8.7% 8.7% February 2,223,670 4,258,199 2,366,321 4,576,868 6.4% 7.5% March 2,545,573 6,803,772 2,568,871 7,145,739 0.9% 5.0% April 926,771 7,730,543 1,043,431 8,189,170 12.6% 5.9% May 388,121 8,118,664 448,234 8,637,404 15.5% 6.4% June 721,774 8,840,438 751,439 9,388,843 4.1% 6.2% July 1,235,470 10,075,908 1,157,867 10,546,7]0 -6.3% 4.7% August - 1,038,516 11,114,424 1,124,275 11,670,985 8.3% 5.0% September 817,313 11,931,737 747,766 12,418,751 -8.5% 4.1% October 547,201 12,478,938 486,570 12,905,321 -11..1% 3.4% November 691,445 13,170,383 571,783 13,477,104 -17.3% 2.3% December 2,062,205 15,232,588 1,933,940 15,411,044 -6.2% 1.2% D1 ' Town of Vail, Colorado Issuer's Annual Report Update of Official Statement Tables to be U pdated Tables V and VI ' December 31, 2007 TABLE V Sales Tax Collections by Principal Sales Tax Generators Annual Sales Tax Total Annual % of Total Annual Sales Tax Paid ByTen Sales Tax Collected Collections Generated by , Year Principal Generators by Town Ten Principal Generators 1997 $ 4,315,365 $ 14,747,419 29.3% 1998 $ 4,640,560 $ 15,030,386 30.9% ' 1999 $ 4,S90,S37 $ 14,509,421 31.6% 2000 $ 4,866,152 $ 15,232,588 31.9% 2001 $ 4,958,904 $ 15,411,044 32.2% TABLE VI ~ , Capital Projects Fund 2001 Actual Projected 2002-2005 2001 2002 2003 2004 2005 Revenues: Sales tax $6,765,744 $4,129,935 $3,714,498 $3,606,925 $3,283,905 Federal grants $17,429 $692,625 $300,000 $230,000 CDOT reimbursement $1,000,000 ' Interest on investments $420,352 Leases -Vail Commons $139,480 $149,480 $149,480 $149,480 $149,480 Buy-Down program $1,000,000 $1,000,000 $1,000,000 $1,000,000 ' Sale of Arosa Garmisch units $1,326,473 Sale of assets $2,000,000 Certificate of Purchase revenue $4,400,000 Other $221,097 $196,973 $230,000 $100,000 $]OQ,000 Total Revenue $8,890,575 $7,169,013 $11,793,978 $5,086,405 $4,533,385 Expenditures: Equipment purchases ~ 1,942,210 3,041,507 2,204,372 1,651,000 935,000 ' Maintenance 1,210,894 840,000 795,000 750,000 920,000 Master planning 20,102 ' Street reconstruction 45,059 75,000 1,845,000 708,750 210,000 Buildings and improvements 592,400 4,424,000 S,43S,000 1,909,000 700,000 ' Streetscape projects 569,103 400,000 735,000 1,323,000 Housing programs 687,973 3,200,000 1,350,000 1,350,000 1,350,000 Other improvements 164,260 170,000 150,000 150,000 150,000 Transfer to Debt Service Fund 2,262,958 2,328,929 2,334,053 2,332,153 2,331,703 Debt Service 368,189 368,189 368,189 Total Expenditures 7,494,959 14,479,436 15,216,614 10,542,092 6,964,892 Revenues Over (Under) Expenditures 1,395,616 (7,310,423) (3,422,636) (5,4SS,687) (2,431,507) ' Beginning Fund Balance 8,624,485 10,020,101 2,709,678 (712,958) (6,168,645) Ending Fund Balance 10,020,101 .2,709,678 (712,958) (6,1.68,645) (8,600,152) . D2 1 1 1 1 1 1 1 1 1 1 1 1 1 1 Town of Vail, Colorado Issuer's Annual Report Update of Official Statement Tables to be Updated Table XIX December 31, 200] TABLE XIX History of General Fund Revenues, Expenditures, and Changes in Fund Balances 1997 1998 1999 2000 2001 Revenues: General sales taxes S 7,990,079 S 8,298,951 $ 8,113,554 $ 8,760,101 $ 8,968,544 Property and ownership taxes 1,985,938 2,078,382 2,157,937 2,243,281 2,606,648 Resort fees 2,065,245 2,043,210 1,710,061 1,961,723 2,145,587 Franchise fees 533,894 548,385 564,419 576,904 628,427 Penalties and interest on delinquent taxes 3,219 27,425 23,256 29,350 56,610 Licenses and permits 854,586 784,934 601,025 695,711 863,943 Intergovermnental revenues 1,641,425 1,618,425 1,438,282 1,376,493 1,388,625 Charges for services 328,415 663,163 212,488 2,217,293 2,729,847 Fines and forfeits 212,815 235,954 223,748 279,367 273,723 Interest 276,107 277,779 184,028 391,781 273,496 Rents 151,461 152,877 119,953 427,329 552,513 Other 170,823 148,296 338,322 161,024 438,857 Total 16,214,007 16,877,781 15,687,073 19,120,357 20,926,820 Expenditures: General government 4,633,475 4,722,337 4,892,726 4,342,608 4,348,205 Public safety 4,259,775 5,228,940 4,614,427 4,933,470 5,079,931 Public works and transportation 4,950,572 4,622,108 4,564,004 7,156,067 7,529,418 Economic development and community assistance 888,680 1,518,937 1,145,971 900,001 1,357,543 Municipal library 552,628 599,557 661,636 716,577 729,646 Total 15,285,130 ]6,691.,879 15,878,764 18,048,723 1.9,044,743 Excess of Revenues Over (Under) Expenditures 928,877 185,902 (191,691) 1,071,634 1,882.077 Other Financing Sources (Uses): Capital leases 10,665 Operating transfers out (89,494) (1,026,162) (490,465) (317,000) Total (89,494) (1,026,162) (479,800) (317,000) Excess of Revenues Over (Under) Expenditures and Other Financing Sources (Uses) 839,383 (840,260) (671,491) 1,071,634 1,565,077 Fund Balances: Beginning 4,324,922 5,164,305 4,324,045 3,652,554 4,724,309 Residual equity transfers 121 Ending 5,164,305 4,324,045 3,652,554 4,724,309 6,289,386 D3 Torn of Vail, Colorado Issuer's Annual Report Update of OfScial Statement Tables to he Updated Tables XX and XXI December 3l, 2001 Revenues: General sales taxes Property and ownership taxes Resort fees Franchise fees Penalties and interest on delinquent taxes Licenses and permits Intergovermnentalrevenues Charges for services Fines and forfeits Interest Rents Other Total Expenditures: Town officials Administrative Community development Public safety -Police Public safety -Fire Public works Public transportation Parking Facility maintenance Public library Contributions and special events Total Revenue Over (Under) Expenditures Other Financing Uses: Transfer (out) Total Excess of Revenues Over (Under) Expenditures and Other Financing (Uses) Bee nning Fund Balance Ending Fund Balance TABLE XX General Fund 2001 and 2002 Budget S ummar}~ and Comparison 2001 Amended 2001 2002 Budget Actual Budget $8,893,755 $8,968,544 59,948,885 2,567,758 2,606,648 2,807,267 1,927,800 2,145,587 1,727,800 623,285 628,427 598,175 23,700 56,610 23,700 725,400 863,943 725,400 1,396,173 1,388,625 1,417,378 2,422,641 2,729,847 2,411,489 209,458 273,723 194,350 185,000 273,496 185,000 498,311 552,513 529,968 183,715 438,857 106,313 19,656,996 20,926,820 20,675,725 1,147,330 1,041,908 1,116,802 2,463,564 2,340,622 2,399,798 1,447,43 7 1,3 3 5, 566 1,3 89, 3 96 3,783,784 3,665,889 3,915,515 1,425,328 1,414,042 1,612,539 2,430,327 2,371,611 2,384,194 2,813,031 2,709,129 3,023,318 427,116 407,864 465,118 2,242,406 2,188,308 2,344,550 770,621 729,646 794,643 833,420 840,158 1,229,852 19,784,364 19,044,743 20,675,725 (127,368) 1,882,077 (317,000) (317,000) (444,368) 1,565,077 4,724,309 4,724,309 6,289,291 4,279,941 6,289,386 6,289,291 TABLE XXI Outstanding Revenue Obligations Issue Sales Tax Refunding and Improvement Bonds, Series 1992B Tax-Exempt Sales Tax Revenue Refunding Bonds, Series 1998A Taxable Sales Tax Revenue Refunding Bonds, Series 1998B Total Outstanding Principal 55,570,000 8,760,000 D4 MEMORANDUM TO: The Vail Town Council FROM: Chris Cares, RRC Associates, Inc. RE: Town of Vail Community Survey Results - 2002 DATE: June 13, 2002 Introduction As you know, for the fifteenth consecutive year, the Town of Vail conducted a survey of Town residents, absentee property and business owners to evaluate opinions on a variety of issues. RRC Associates assisted in this effort. The purpose of the survey was to evaluate stakeholders' levels of satisfaction with respect to a full range of community services, and to gather opinions on selected issues currently facing the Vail community. The Vail Community Survey was conducted entirely by telephone this year. The survey was designed to permit comparisons to past versions of the survey conducted by telephone (for example, in 1999) and by other techniques (mailback, the Internet) in prior years. The telephone survey resulted in a total of 400 completed interviews conducted during a two week period in late March/early April. In addition, 26 mailback surveys were received from residents that were not contacted via telephone but that wanted to complete a survey form. These responses were tabulated but not merged with the randomly sampled questionnaires. The "open ended" comments from these respondents have been provided along with other open-ended comments from the telephone survey. Again this year, survey results were summarized and are available using aweb-based dissemination of findings. Results are available by clicking on the Town's website from either a home/office computer, or from computers available at the Town Library. Reporting Community Survey responses using the Town's web site represented a new form of Town communications last year. We have continued the program this year to not only make responses available in auser-friendly format, which does not require excessive paper, but to also allow interested citizens the opportunity to comment further on results. The complete results from the telephone survey research from this season may be viewed by clicking on: http~//www vailgov corn/town council/community survey/2002 You will note that the web site has numerous opportunities to a-mail comments regarding the survey findings to town staff. Any comments received through the web site will be forwarded to appropriate individuals. In the report provided on the web site comparisons are frequently made to the 1999 Community Survey. That was the last year that the survey was conducted exclusively with telephone interviewing. Therefore, it represents the best single point of comparison upon which to measure changes and trends. In addition to reporting the actual survey results as percentages, the web site also contains listings of the verbatim comments received on a number of open-ended questions. These results are presented in lists that provide a broad commentary on a number of aspects of Town services and issues. An Overview of Findings Location of Respondents: The geographic location of households responding is similar to past years. Comparing to the 1999 survey, although there are slightly less respondents from West Vail (28 percent compared to 34 percent), less from Vail Village (2 percent compared to 7 percent) and more responses from Potato Patch/Sandstone (12 percent versus 8 percent). In general, the differences in responses from the different geographic locations in town are minor. However, to allow analysis by location within the town, complete cross tabulations breaking results down by area, were provided to the town under separate cover. About 74 percent of respondents own their residence, with 26 percent renters. Registered voters made up 64 percent of responses, identical to the percentage in 1999. Respondents were more likely to be single than other marital categories, but with 20 percent of respondents reporting that they are a household with children, compared to 24 percent in 1999. The duration of residency in the town is very similar to past years: 5 percent have lived in Vail less than a year, 30 percent'within 1 to 5 years, 33 percent between 6 and 15 years, and 32 percent over 1 year. Ratings: Again, as in past years, blocks of rating questions make up much of the survey. As in the past, ratings from second homeowners/ seasonal residents are generally higher than those from year round residents. Ratings are little changed from last year (2001) or from 1999. There are minor differences of one to two percentage points, some up and some down, but overall ratings are little changed when measured in statistical terms. On a positive note, the categories that show statistically significant change from 1999 are all in an upward (positive) direction. These include "overall park maintenance," the "frequency of the in-town shuttle" and "overall parking fees/price structure." Comparing to last season there were some other areas of significant improvement including: Friendliness and courteous attitude of public works employees, your confidence in the ability of the Vail fire department, bus driver courtesy, dependability of bus service, cleanliness of buses, booth attendant courtesy, speed of parking transaction and cleanliness of pedestrian villages. Based upon discussions with staff, the improvement in the cleanliness ratings for the village areas are particularly gratifying because this was an area that had been singled out for attention. A question rating the Town Council in terms of "responsiveness" was again asked. Results were very similar to 1999. When measured on an "average" basis the 2002 rating is 2.09, statistically unchanged from 1999 on a three-point scale (`gotten worse, same, gotten better"). About 30 percent say the Council has gotten better in the past year and 49 percent said it had "remained the same." Identification of Issues: As in 1999, respondents were asked, "what do you believe are the two biggest issues, in order of priority, facing the Town of Vail?" Affordable housing and parking top the list of community concerns this year. While the lack of housing has consistently been identified as an area of focus, this year was the first time that parking was identified as a significant issue. In particular, respondents identified parking on peak winter weekends as an area of concern. In addition to parking and housing, survey respondents identified other categories of concem, although not as frequently. When grouped into general headings, the other areas of concern include: redevelopment/Lionshead, growth, environmental. protection, economic viability, maintaining Vail's community characteristics and a call for more fiscal responsibility by town government. The open ended comments concerning the "biggest issues" as well as other comments are provided on the web site. They offer a feel for the types of issues and concerns that are identified by Vail residents, in their own words. Results from the Community Survey will be available on line at the Town's web site and a brief overview of findings will be presented by Chris Cares at the July 2"d Town Council meeting. Comments or questions on the surveys may be forwarded to Suzanne Silverthorn who will coordinate responses from either the consulting team or other appropriate departments. S:\worddocs\VAI L\TOWN\2001 \overviewmemo.doc Town of Vai I Community Survey 2002 Overview of Results Introduction For the fifteenth consecutive year, the Town of Vail conducted a survey of Town residents, absentee property owners, and business owners to evaluate opinions on a variety of issues. The purpose of the survey was to evaluate respondents' level of satisfaction with respect to a full range of community services, and to gather opinions on selected issues currently facing the Vail community. This year, similar to 1999, the Vail Community Survey was conducted entirely by telephone. A random sampling of 400 households received calls during a two week period, late March to early April. Responses included 74 percent participation from year round residents of Vail, 19 percent from seasonal residents (second homeowners). The remaining 7 percent of responses were from absentee business owners. These proportions are similar to the proportions of participants in past years. Overview Location of Respondents: The geographic location of households responding is similar to past years. Comparing to the 1999 survey, although there are slightly less respondents from West Vail (29 percent compared to 34 percent), less from Vail Village (3 percent compared to 7 percent) and more responses from Potato Patch/Sandstone (10 percent versus 8 percent). In general, the differences in responses from the different geographic locations in town are minor. However, to allow analysis by location within the town, complete crosstabulations breaking results down by area, were provided to the town under separate cover. About 81 percent of respondents own their residence, with 19 percent renters. Of course, these figures are increased by the inclusion of second homeowners. Among residents, the percentage of owners was 74 percent. Registered voters made up 49 percent of responses, identical to the percentage in 1999, or 64 percent among residents. Respondents were more likely to be single than other marital categories, but with 20 percent of resident respondents reporting that they are a household with children, compared to 24 percent in 1999. The duration of residency in the town is very similar to past years: 5 percent of residents have lived in Vail less than a year, 30 percent within 1 to 5 years, 33 percent between 6 and 15 years, and 32 percent over 15 years. Ratings: Again, as in past years, blocks of rating questions make up much of the survey. As in the past, ratings from second homeowners/ seasonal residents are generally higher than those from year round residents. Ratings are little changed from last year (2001) or from 1999. There are minor differences of one to two percentage points, some up and some down, but overall ratings are little changed when measured in statistical terms. On a positive note, the categories that show statistically significant change from 1999 are all in an upward (positive) direction. These include "overall park maintenance," the "frequency of the in-town shuttle" and "overall parking fees/price structure." Comparing to last season there were some other areas of significant improvement including: Friendliness and courteous attitude of public works employees, your confidence in the ability of the Vail fire department, bus driver courtesy, dependability of bus service, cleanliness of buses, booth attendant courtesy, speed of parking transaction and cleanliness of pedestrian villages. Based upon discussions with staff, the improvement in the cleanliness ratings for the village areas are particularly gratifying because this was an area that had been singled out for attention. A question rating the Town Council in terms of "responsiveness" was again asked. Results were very similar to 1999. When measured on an "average" basis the 2002 rating is 2.09, statistically urichanged from 1999 on a three-point scale (`gotten worse, same, gotten better"). About 30 percent say the Council has gotten better in the past year and 49 percent said it had "remained the same." A similar question was asked about current town staff. Results showed an average rating of 2.26 on the three point scale, with 33 percent saying it had gotten better in the last year, 7 percent saying it had gotten worse and 61 percent calling it "the same." Interestingly; residents (33 percent "better" and second homeowners 31 percent "better" had similar opinions about their ratings of town staff. Identification of Issues: As in 1999, respondents were asked, "what do you believe are the two biggest issues, in order of priority, facing the Town of Vail?" Affordable housing and parking top the list of community concerns this year. While the lack of housing has consistently been identified as an area of focus, this year was the first time that parking was identified as a significant issue. In particular, respondents identified parking on peak winter weekends as an area of concern. In addition to parking and housing, survey respondents identified other categories of concern, although not as frequently. When grouped into general heading, the other areas of concern include: redevelopment/Lionshead, growth, environmental protection, economic viability, maintaining Vail's community characteristics and a call for more fiscal responsibility by town government. The open ended comments concerning the "biggest issues" as well as other comments are provided on the web site. They offer a feel for the types of issues and concerns that are identified by Vail residents, in their own words. Although more respondents, 41 percent, said Vail's "overall sense of community" has gotten worse during the past year than the 29 percent who said it had improved, the percentage of improvement increased slightly this year. Last year, just 18 percent noted an improvement in the sense of community, while 40 percent said it had gotten worse. Among year round residents this figure is 31 percent saying it has improved, with 44 percent saying it has gotten worse. Information Outlets: In general, those interviewed are satisfied with the information that is available concerning Town of Vail government. About 24 percent are "very satisfied" and an additional 37 percent rated the information a 4 on the five point scale. Respondents were asked about the "outlets that are used to keep yourself informed" about the Town of Vail. There were clear patterns in the responses with a wide variety of sources used to stay informed. However, when asked which source is "most effective" the Vail Daily was the clear leader. It eclipsed mailings, e-mails, faxes, attending meetings, local cable television, and all other sources identified. It was the clear leader among both residents and second homeowners alike. However, the reliance of second homeowners on the Town of Vail website as the "most effective source" (13 percent) is notable. Comments/Printing Results: The survey has a margin of error factor of plus or minus about five percent. This electronic presentation of results is in its second year, allowing residents, second homeowners and interested parties to obtain and print survey findings from the Town's web site. These results can be accessed from home, work or the Vail Library. On each of the individual pages that make up this site, note that there is a yellow "button" available to address comments to the Town concerning survey results. Any comments received will be forwarded to the appropriate department or individual by Suzanne Silverthorn. Also, note that the survey results may be printed from the web site by simply following the print instructions for your computer. For more information contact Suzanne Silverthorn in the Town of Vail Community Information Office at a-mail ssilverthom(c~ci.vail.co.us . Town of Vail Community Survey 2002 FIRST, A FEW QUESTIONS ABOUT TOWN OF VAIL GOVERNMENT... 1. .Over the past year, how would you rate the responsiveness of the following groups? Has their responsiveness gotten worse, stayed the same, or gotten better? GOTTEN STAYED THE GETTING WORSE SAME BETTER Current Town Council 18% 51 % 31 % mean=2.12 n=267 Planning and Environmental 19 58 23 mean=2.03 n=247 Commission (also known as the. PEC) Design Review Board (a.k.a. as the DRB) 27 49 25 mean=1.98 n=222 Art in Public Places Board (a.k.a. as AIPP) 12 54 33 mean=2.21 n=230 Town of Vail staff 7 60 33 mean=2.26 n=388 2. How satisfied are you with town administration services? Use a scale from 1 to 5 where 1 means "not at all satisfied" and 5 means "very satisfied" to rate each of the following items. NOT AT ALL VERY SATISFIED SATISFIED DK General administration (town manager's office, finance department, 3% 6% 34% 41% 16% mean=3.6 n=313 town clerk's office, human resources dept.) Municipal Court 5 7 33 29 26 mean=3.7 n=198 3. What outlets do you use to keep yourself informed about the Town of Vai11 n=421 Most effective source n=415 22% Attendance at Town meetings 2% 43 Individual contact with local officials and/or staff 4 60 Local cable television 5 44 Local radio 1 44 Mailings, faxes or email directly from the Town 6 29 Town of Vail website 4 95 Vail Daily 65 66 Vail Trail 6 86 Word of mouthlfriends 6 Other 1 Which is the most effective source? 4. Overall, on the same 1 to 5 scale, how satisfied are you with the information that is available to you concerning Town government activities and issues? NOT AT ALL VERY SATISFIED SATISFIED 2% 7 29 38 24 mean=3.7 n=388 5. In a word or two, what do you believe are the two biggest issues, in order of priority, facing the Town of Vail? 1 The Community Development Department provides planning, design review, environmental programs, and building and restaurant services. 6. Have you used the Community Development Department with the past 12 months? 20% Yes 80% No n=398 7. Please rate your satisfaction with the following aspects of the Community Development Department. Use the same 1 to 5 scale as before. Overall service and efficiency Courtesy and attitude Building permit review and inspections Livability ofVail (environment, quality of development, amenities versus cost to live here) Environmental quality in the Town of Vail (air, water, etc.) Quality of new development and redevelopment over the past two years (Antlers, Marriott, Vail Mountain Lodge formerly Vail Athletic Club, etc.) Cleanliness of restaurants in Vail NOT AT ALL VERY SATISFIED SATISFIED 3% 15% 29% 29% 24% mean=3.6 n=79 5 5 15 49 25 mean=3:8 n=79 9 14 11 40 26 mean=3.6 n=57 6 13 35 33 13 mean=3.3 n=79 3 9 27 34 28 mean=3.8 n=79 5 9 22 36 27 mean=3.7 n=77 3 6 23 43 25 mean=3.8 n=77 The Public Works Department provides maintenance of public areas including parks, roads and streets. 8. Rate your satisfaction with Public Works services in the Town of Vail: . NOT AT ALL VERY SATISFIED SATISFIED Snow removal on Town of Vail roads 3% 3% 11% 35% 49% mean=4.2 n=390 Snow removal on Frontage Road 2 2 7 38 51 mean=4.4 n=388 Road and street maintenance by the Town of Vail 3 3 23 45 26 mean=3.9 n=397 Overall park maintenance 1 1 10 47 40 mean=4.3 n=381 Appearance and condition of town-owned buildings 2 4 26 43 25 mean=3.8 n=383 Friendliness and courteous attitude of Public Works employees 3 3 10 44 40 mean=4.2 n=353 Cleanliness of pedestrian villages 3 4 13 43 38 mean=4.1 n=391 Appearance and condition of town-owned playgrounds 1 3 14 40 42 mean=4.2 n=344 9. Have you utilized Fire Services within the past 12 months? 8% Yes 92% No n=397 z ' 10. Please rate your satisfaction with the following aspects of Fire Services in the Town of Vail. NOT AT ALL VERY SATISFIED SATISFIED Fire response time/arrival on scene 4% - 4% 15% 78% mean=4.6 n=27 Emergency medical services - - - 18 82 mean=4.8 n=17 Courtesy and attitude - - 16 13 71 mean=4.5 n=31 Your confidence in the ability of the Vail Fire Department - - 6 19 74 mean=4.7 n=31 11. Please rate your satisfaction with the following aspects of Police Services in the Town of Vail NOT AT ALL VERY SATISFIED SATISFIED DK Overall feeling of safety and security 2% 2% 8% 39% 48% mean=4.3 n=394 Visibility of police footlvehicle patrol 4 9 18 37 32 mean=3.8 n=383 Friendliness and approachability of 3 4 10 33 51 mean=4.2 n=356 Vail police department employees Overall quality of service 4 3 14 46 34 mean=4.0 n=370 Overall fairness of police employees 6 5 16 40 33 mean=3.9 n=292 12. Is the level of enforcement for the following too little, just about right, or too much T00 JUST ABOUT T00 LITTLE RIGHT MUCH Traffic enforcement (speeding, DUI, reckless driving, etc.) 14% 77% 9% n=364 Parking enforcement 14 65 21 n=369 Code enforcement (signage, abandoned vehicles, etc.) 14 76 10 n=335 13. Have you had contact with animal control within the past 12 months? 14% Yes 86% No n=397 14. Please rate your satisfaction with animal control services.. NOT AT ALL VERY SATISFIED SATISFIED Response time to complaints 5% 9% 33% 28% 26% mean=3.6 n=43 Overall quality of service 8 9 21 25 38 mean=3.8 n=53 15. Are patrols for leash law violations too little, just right, Too JUST Too or too much? LITTLE RIGHT MUCH 33% 46% 21% n=52 16. Please rate your satisfaction with bus service. NOT AT ALL VERY SATISFIED SATISFIED Frequency of In-town shuttle 1 % 3% 12% 27% 57% mean=4.4 n=365 3 Frequency of outlying service 2 7 15 35 41 mean=4.1 n=286 Bus driver courtesy 1 2 15 33 50 mean=4.3 n=365 Dependability of bus service 1 3 8 34 54 mean=4.4 n=372 Cleanliness of buses 1 3 17 42 37 mean=4.1 n=364 17. Please rate your satisfaction with public parking services in Vail. NOT AT ALL VERY SATISFIED SATISFIED DK Booth attendant courtesy 2% 3% 15% 41 % 39% mean=4.1 n=335 Speed of transaction at staffed exit booths 3 5 16 45 32 mean=4.0 n=335 Speed of transaction at automatic exit booths 2 3 12 35 48 mean=4.2 n=320 Overall parking fees/pricing structure 14 15 27 28 16 mean=3.2 n=350 Appearance and cleanliness of parking structures 4 8 22 45 21 mean=3.7 n=362 18. Do you hold a library card in the Town of Vail? 62% Yes 38% No n=397 19. Have you visited, called or e-mailed the library within the past 12 months? 60% Yes 40% No n=398 20. Please rate your satisfaction with the following Vail library services and facilities. NOT AT ALL VERY SATISFIED SATISFIED Material checkout 1% 1% 6% 40% 52% mean=4.4 n=216 Fiction and non-fiction books - 3 14 37 45 mean=4.2 n=205 Magazines and newspapers - - 9 36 55 mean=4.5 n=201 Youth materials - 1 13 34 52 mean=4.4 n=144 Alternative media (videos, DVDs, books ontape) - 1 13 40 47 mean=4.3 n=184 Parking availability for library use 13 17 28 22 20 mean=3.2 n=205 Do you have any comments or suggestions about the library? 21. Over the past two years has the sense of commun ity within the Town improved, gotten worse or stayed the same? 30% Improved n=397 41 Gotten worse 19 Stayed the same 9 Don't knowlno opinion 4 Please provide the following demographic information. Please remember that all responses remain strictly confidential and are reported only in group format. 22. Where is your residence within the Town of Vail located? n=396 30% East Vail 2 Booth Falls and Bald Mountain Road areas 1 Booth CreeklAspen Lane 5 Golf Course 4 Vail Village 10 Lionshead 10 Potato Patch, Sandstone 3 Buffehr Creek, Lionsridge, the Valley 1 Vail Commons/Safeway area 23 West Vail (north of I-70) 2 Matterhorn, Glen Lyon 5 Intermountain 1 Not a resident of the Town of Vail 5 Other 23. Do you own or rent your residence? n=397 80% Own 20 Rent - Other (specify) 24. How long have you lived within the Town of Vail (or owned property if anon-resident)? n=396 5% Less than 1 year 27 1-5 years 34 6-15 years 34 More than 15 years 25. Do you have computer access to the World Wide Web? n=397 87% Yes 13 No 26. Which of the following best describes you? n=398 7% Non-resident owner ofbusiness/comm. property SKIP NEXT QUESTION] 57 Year-round resident (12 monthslyear) 36 Seasonal resident (IF RESIDENT? Do you own or operate a business within the Town of Vail? n=372 16% Yes 84 No 27. Are you a registered voter in Vail? n=395 48% Yes 52 No 5 28. Which of these categories best describes your marital status? n=397 29% Single, no children 17 Couple, no children 25 Household with children 28 Empty-nester, children no longer at home Do you have any additional comments or suggestions for Town of Vail government? Would you like to be included in our a-mail notification file? (PLEASE PRINT CLEARLY) Name e-mail address @ Thank you for your participation in our continuing evaluation program. Please attach sheet for additional comments or suggestions. 6 ORDINANCE NO. 18 SERIES 2002 AN ORDINANCE REPEALING AND REENACTING ORDINANCE NO.7 AND ORDINANCE NO. 13, SERIES OF 2002 (COMMISSION ON SPECIAL EVENTS), PROVIDING FOR CORRECTIONS AND AMENDMENTS, AND SETTING FORTH DETAILS IN REGARD THERETO. WHEREAS, it is the Town Council's opinion that the health, safety and welfare of the citizens of the Town of Vail would be enhanced by the establishment of a special events program setting forth policies and guidelines relating to the funding, reviewing, oversight and orchestration of special events to be presented in the Town of Vail. WHEREAS, to insure a single contact point for special event operations in Vail; and WHEREAS, to be supportive of providing street entertainment and special events for vitality, economic viability, and fun year round; and WHEREAS, to increase the Town of Vail's lodging occupancy and sales tax collections; and WHEREAS, to create a sense of community in Vail and increase the quality of experience for guests and residents; and WHEREAS, to administer Special Events, the Town Council, in accordance with Section 8.6 of the Charter of the Town of Vail, wishes to create a Commission on Special Events ("CSE"); and WHEREAS, certain errors occurred in the drafting and adoption of Ordinance Nos. 7 and 13, Series of 2002 (Commission on Special Events). NOW, THEREFORE, be it ordained by the Town Council of the Town of Vail, Colorado, that: Ordinance No. 7 and Ordinance No. 13, Series of 2002, are hereby repealed and reenacted and Title 3 of the Municipal Code of the Town of Vail is hereby amended by the addition of Chapter 6, Commission on Special Events, to read as follows: Section 1. Board Established The Town Council hereby establishes the Town of Vail Commission on Special Events ("CSE") composed of five (5) voting members who shall act in accordance with the Charter, this Chapter, the direction of the Town Council, as outlined in this ordinance, the ordinances of the Town of Vail, and shall be appointed and serve at the pleasure of the Town Council as provided in this Chapter. Section 2. Definitions A. Special Event - A Special Event is a function whose primary purpose is to promote an exciting, lively, fun and/or prosperous business climate within the Town of Vail. B. Qualifying Cultural Event - A Qualifying Cultural Event is a function whose primary purpose is cultural in nature rather than economic. These events are typically, but not necessarily, held in a performing arts venue such as Ford Amphitheater or Dobson Arena. The Town Council shall establish by Resolution anon-exclusive list of Qualifying Cultural Events. Section 3. Members -Appointments -Terms \\Vail\data\mmire\Ord 18.doc The CSE shall consist of five (5) voting members appointed by the Town Council to be designated as follows: 1 Retail; 1 Restaurant; 1 Lodging; 1 (from any of 3 categories previously stated); 1 at large. All five voting members shall be residents of the Town of Vail, own real property within the Town of Vail, own a business in the Town of Vail, or be employed within the Town of Vail. No current event promoters, producers or board members of organizations requesting funding, or their employees, may serve as voting members. The initial terms of two members of the CSE shall be for one year, and the initial term of three members shall be for two years, to be appointed in 2002. Thereafter, the council shall annually appoint CSE members to two year terms every January. In addition to the five voting members of the CSE, up to ten (10) honorary advisory member groups may be included by Council invitation. In order to act as an honorary advisory member of the CSE, each member group shall nominate one representative within that group to be ratified by Council. Honorary advisory member groups shall be approved by council and may include: Vail Resorts, Inc. (VRI) Vail Valley Foundation (WF) Vail Valley Chamber and Tourism Bureau (WCTB) Vail Chamber and Business Association (VCBA) Vail Recreation District (VRD) Town Council Town of Vail staff Vail Local Marketing District Advisory Council (VLMDAC) Ratified, honorary advisory members shall assist the CSE by providing information, coordination and consultation and shall not have the power to vote on issues that come before the CSE. The number and terms of such advisory members shall be at the discretion of the Town Council. Advisory members of the CSE should be individuals who have a demonstrated expertise in special event production, establishment of criteria by which to gauge event success, or knowledge of and/or a strong interest in special events. Section 4. Removal From Office Members of the CSE shall serve at the will of the Town Council and shall be subject to removal by the Town Council for inefficiency, neglect of duty, failure to attend meetings (70% mandatory attendance at scheduled meetings), malfeasance in office, or any other reasons the Town Council deems proper. Section 5. Vacancy Vacancies on the CSE shall occur whenever a member of the CSE reaches the end of his term, is removed by the Town Council, dies, becomes incapacitated and unable to perform his or her duties for a period of sixty (60) days, resigns, ceases to meet the qualifications for CSE members or is convicted of a felony. Vacancies shall be filled by a majority vote of the Town Council. Section 6. Officers -Meetings -. Rules \\Vail\data\mmire\Ord 18.doc The CSE shall be chaired by the advisory Town Council member until the commission decides a director is appropriate or decides otherwise as to a different chairperson. The term of the Chairman shall be for one two-year term to coincide with the Town's regular municipal election, with eligibility for re-election for three additional two-year terms. The CSE shall meet as it determines to be necessary, and its meetings shall be in accordance with Roberts Rules of Procedure unless it adopts other rules for the transaction of business. Three or more members must vote for any action for it to pass. The CSE shall keep a record of its resolutions, transactions, findings and determinations. The CSE will provide quarterly informational reports to the Vail Town Council, in addition to a full annual financial report at budget time. An annual evaluation of events shall be included. Section 7. Functions of the CSE The CSE shall support the Town Council's goals and objectives and align its mission with the Town Council's marketing direction. The Functions and/or duties of CSE shall include, but are not limited to: Hiring and overseeing a director and/or staff, as well as event producers and/or promoters; creating, funding and seeking special events for the Town of Vail; evaluating event applications and event. success; submitting an annual budget for operations and events; coordinating the community calendar for special events: seeking out additional funding for special events through sponsorships and donations; evaluating and executing contracts for special events; and all other functions as directed by the Town Council. Qualifying Cultural Events shall be exempt from the purview and funding of the CSE. However, coordination and timing of Qualifying Cultural Events shall be considered by the CSE and included in the CSE master calendar. Section 8. Appeal to Town Council A. An appeal to the Town Council may be made by an adjacent affected property owner or by the Town Council itself by a majority vote. B. Any appeal must be filed in writing within ten (10) days following the decision of the CSE, or must be called up by the Town Council within 10 days of the decision. C. The Council shall hear the appeal within 30 days of its being filed or called up with a possible 30-day extension if the Council finds that there is insufficient information. If any part, section, subsection, sentence, clause or phrase of this ordinance is for any reason held to be invalid, such decision shall not affect the validity of the remaining portions of this ordinance; and the Town Council hereby declares it would have passed this ordinance, and each part, section, subsection, sentence, clause or phrase thereof, regardless of the fact that any one or more parts, sections, subsections, sentences, clauses or phrases be declared invalid. 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. 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 \\Vail\data\mmire\Ord 18.doc ~ 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. All bylaws, orders, resolutions, and ordinances, or parts thereof, inconsistent herewith are repealed to the extent only of such inconsistency. This repealer shall not be construed to revise any bylaw, order, resolution, or ordinance, or part thereof, theretofore repealed. INTRODUCED, READ, APPROVED, AND ORDERED PUBLISHED ONCE IN FULL ON FIRST READING this _ day of July, 2002 and a public hearing shall be held on this Ordinance on the day of July, 2002, at 7:30 p.m. in the Council Chambers of the Vail Municipal Building, Vail, Colorado. Ludwig Kurz, Mayor ATTEST: Lorelei Donaldson, Town Clerk READ AND APPROVED ON SECOND READING AND ORDERED PUBLISHED by title only this day of July, 2002 Ludwig Kurz, Mayor ATTEST: Lorelei Donaldson, Town Clerk \\Vail\data\mmire\Ord 18.doc 4 ORDINANCE NO. 6 Series of 2002 AN ORDINANCE AMENDING SECTION 11-1-1, DEFINITIONS, SECTION 11-5-2 (L) PROHIBITED SIGNS, AND ADDING ARTICLE D. WEST VAIL EXIT #173 TO TITLE 11, SIGN CODE REGULATIONS, TO PERMIT CERTAIN OFF-SITE ADVERTISING IN THE TOWN OF VAIL, AND SETTING FORTH DETAILS IN REGARD THERETO. WHEREAS, on February 19, 2002, the Vail Town Council requested that the Community Development Department research options for permitting certain off-site advertising along Interstate 70 at the West Vail Exit (#173); and WHEREAS, on March 25 arid April 8, 2002, the Planning & Environmental Commission of the Town of Vail held public hearings on the proposed text amendment to the Sign Regulations; and WHEREAS, the Planning & Environmental Commission of the Town of Vail has recommended at its April 8, 2002 meeting, that this text amendment be tabled until a more comprehensive sign code amendment can be completed, and has submitted its recommendation to the Vail Town Council; and WHEREAS, the Vail Town Council has determined that the West Vail Exit (#173) is uniquely different than the other two interstate exits in the Town of Vail in that merchants and businesses located in the proximity of Exit #173 are vehicular oriented in nature and depend largely upon interstate traffic for business; and WHEREAS, the Vail Town Council has determined that the placement of Specific Information and Business Signs along Interstate 70 will be beneficial to the traveling public and will enhance the economic success and viability of the West Vail commercial area; and WHEREAS, the Vail Town Council considers it in the best interest of the public health, safety, and welfare to amend the sign regulations of the Town of Vail. Ordinance No. 6, Series 2002 NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO, THAT: Section 1. Title 11, Sign Regulations, of the Vail Town Code shall hereby be amended as follows: (deletions are shown in /additions are shown bold) Section 11-1-1, Definitions SPECIFIC INFORMATION AND BUSINESS SIGN: An official sign with a white reflective legend and border, on a blue background, that displays the type of business (Gas, Food, Lodging, Camping) and the interstate exit number which includes a flat rectangular aluminum information sign that is limited to the display _ _. o t e~rtame nrar~c~'rtarrre°; or irauei~nar ;-~oyu; syrnuGi ~rur~- u~rr~esses prov~ai~~y. _ - _ ---- --- - ~ "~ - ` -motorists services for gas; food, lodging; carllpii~y-aiiia/or ic~urist atti~aciiui~s. Section 11-5-2 (L), Prohibited Signs Off-premises advertising signs or any other sign not pertinent and clearly incidental to the permitted use on the property where located. This prohibition shall not apply to . Specific Information and Business Signs as defined in Section 11-1-1 of the Vail Town Code and as further regulated by the Colorado Department of Transportation. Chapter 4, Sign Categories Article D. West Vail Exit #173 SECTION: 11-4D-1: Scope 11-4D-2: Specific Information and Business Signs 11-4D-3: Eligibility 11-4D-1: Scope: This Article concerns the display of Specific Information and Business Signs at the West Vail exit #173. This Article further includes the purpose of these signs, size, height, number, type of service, and location limitations. The following provisions are the sign regulations for Specific Information and Business Signs (aka LOGO signs). 11-4D-2 Specific Information and Business Signs: A. Purpose: To provide directional information along the Interstate Highway to business establishments offering services for Gas, Food, and Lodging to the traveling public. B. Location: West Vail Exit #173 and subject to review and written approval pursuant to the Rules and Regulations for Specific Ordinance No. 6, Series 2002 2 Information and Business Signs, as regulated by the Colorado Department of Transportation. C. Size: Subject to review and written approval, pursuant to the Rules and Regulations for Specific Information and Business Signs, as regulated by the Colorado Department of Transportation. D. Height: Subject to review and written approval pursuant to the Rules and Regulations for Specific Information and Business Signs, as regulated by the Colorado Department of Transportation. E. Number: Four (4) information signs total on the interstate with a maximum of two per direction of travel and no more than six (6) --= -- --- - ~:...._.. _ _.. ._ _ I~~icinpSS Si~nS pPr infn.rmati©!'1 sic~~n ar141 ? rnaxim~~m nf.#yyc1. .----.: _ directional ramp signs total with no more than onP ramp sign per ramp. F. Type of Service: The type of services permitted on a Specific Information sign shall be limited to "gas", "food", and "lodging", as regulated by the Colorado Department of Transportation. G. Distance to Gas, Food and Lodging Service Facilities: To be eligible for a Business Sign to be installed on a Specific Information Sign the maximum driving distance that a gas, food or lodging service facility can be located from the ramp terminal .shall not exceed 3/4 (0.75) mile. A gas, food or lodging service facility that is not within the maximum driving distance shall not be eligible to participate. 11-4D-3 Eligibility: Participation is limited to only those businesses that meet the minimum qualification requirements as stated in the "Rules and Regulations for Specific Information and Business Signs" adopted by the Colorado Department of Transportation. Section 2. If any part, section, subsection, sentence, clause or phrase of this ordinance is for any reason held to be invalid, such decision shall not effect the validity of the remaining portions of this ordinance; and the Town Council hereby declares it would have passed this ordinance, and each part, section, subsection, sentence, clause or phrase thereof, regardless of the fact that any one or more parts, sections, subsections, sentences, clauses or phrases be declared invalid. Ordinance No. 6, Series 2002 3 Section 3. The Town Council hereby finds, determines and declares that this ordinance is necessary and proper for the health, safety and welfare of the Town of Vail and the inhabitants thereof. Section 4. The amendment of any provision of the Town Code as provided in this ordinance shall not affect any right which has accrued, any duty imposed, any violation that occurred prior to the effective date hereof, any prosecution commenced, nor any other action or - proceeding as commenced-u-~der~or=by-win-tue.of-t"e-provision amended. The amendment of .any- - - - ---- provision hereby shall not revive any provision or any ordinance previously repealed or superseded unless expressly stated herein. Section 5. All bylaws, orders, resolutions and ordinances, or parts thereof, inconsistent herewith are repealed to the extent only of such inconsistency. This repealer shall not be construed to revise any bylaw, order, resolution or ordinance, or part thereof, theretofore repealed. INTRODUCED, READ ON FIRST READING, APPROVED, AND ORDERED PUBLISHED ONCE IN FULL ON FIRST READING this 18th day of June, 2002 and a public hearing for second reading of this Ordinance set for the 2"d day of July, 2002, in the Council Chambers of the Vail Municipal Building, Vail, Colorado. Ludwig Kurz, Mayor Ordinance No. 6, Series 2002 ,4 Attest: Lorelei Donaldson, Town Clerk READ AND APPROVED ON SECOND READING AND ORDERED PUBLISHED this 2"d day of July, 2002. Ludwig Kurz, Mayor ...Attest: ... -~ -- _, . ,, :.. , Lorelei Donaldson, Town Clerk Ordinance No. 6, Series 2002 5 ORDINANCE NO. 11 SERIES OF 2002 AN ORDINANCE MAKING SUPPLEMENTAL APPROPRIATIONS TO THE TOWN OF VAIL GENERAL FUND, CAPITAL PROJECTS FUND, HEAVY EQUIPMENT FUND, REAL ESTATE TRANSFER TAX FUND, AND THE DISPATCH SERVICES FUND OF THE 2002 BUDGET 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 2002 which could not have been reasonably foreseen or anticipated by the Town Council at the time it enacted Ordinance No. 30, Series of 2001, adopting the 2002 Budget and Financial Plan for the Town of Vail, Colorado; and, WHEREAS, the Town Manager has certified to the Town Council that sufficient funds are 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 and budget adjustments as set forth herein. NOW, THEREFORE, BE IT ORDAINED, BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO that: Pursuant to Section 9.10(a) of the Charter of the Town of Vail, Colorado, the Town Council hereby makes the following supplemental appropriations and budget adjustments for the 2002 Budget and Financial Plan for the Town of Vail, Colorado, and authorizes the expenditure of said appropriations as follows: General Fund Capital Projects Fund Real Estate Transfer Tax Fund Heavy Equipment Fund Dispatch Services Fund Total $ 81,813 2,385,490 1,882,676 650,000 4,245 $ 5,004,224 2. If any part, section, subsection, sentence, clause or phrase of this ordinance is for any reason held to be invalid, such decision shall not affect the validity of the remaining portions of this ordinance; and the Town Council hereby declares it would have passed this ordinance, and each part, section, subsection, sentence, clause or phrase thereof, regardless of the fact that any one or more parts, sections, subsections, sentences, clauses or phrases be declared invalid. 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 shall not be construed to revise any bylaw, order, resolution, or ordinance, or part thereof, theretofore repealed. INTRODUCED, READ, APPROVED, AND ORDERED PUBLISHED ONCE IN FULL ON FIRST READING this 18th day of June, 2002, and a public hearing shall be held on this Ordinance on the 2nd day of July, 2002, at 7:00 p.m. in the Council Chambers of the Vail Municipal Building, Vail, Colorado. Ludwig Kurz, Mayor ATTEST: Lorelei Donaldson, Town Clerk READ AND APPROVED ON SECOND READING AND ORDERED PUBLISHED this day of , 2002. Ludwig Kurz, Mayor ATTEST: Lorelei Donaldson, Town Clerk RESOLUTION NO.S Series of 2002 A RESOLUTION PROVIDING ANON-EXCLUSIVE LIST OF QUALIFYING CULTURAL EVENTS IN ACCORDANCE WITH ORDINANCE NO. 18, SERIES OF 2002 (COMMISSION ON SPECIAL EVENTS): WHEREAS, Ordinance No. 18, Series of 2002 (Commission On Special Events), requires that the Town Council establish, by resolution, anon-exclusive list of Qualifying Cultural Events; and WHEREAS , a Qualifying Cultural Event is defined as "a function whose primary purpose is cultural in nature rather than economic." These events are typically, but not necessarily, held in a performing arts venue such as Ford Amphitheater or Dobson Arena. NOW THEREFORE, be it resolved by the Town Council of the Town of Vail, Colorado: 1. The following shall represent anon-exclusive list of Qualifying Cultural Events, in accordance with Ordinance No. 18, Series of 2002 (Commission On Special Events): BRAVO! • Vail Jazz Festival Vail International Dance Festival • Skating Club of Vail / 8 Days at Dobson Hot Summer Nights • Street Beat 2. Nothing in this Resolution No. 5, Series of 2002, shall prevent the Town Council, at its sole discretion, from adding or deleting events from the list above. 3. This resolution shall take effect immediately upon its passage. INTRODUCED, READ, APPROVED AND ADOPTED this 2"d day of July, 2002. Ludwig Kurz, Mayor ATTEST: Lorelei Donaldson, Town Clerk The following is from June 18th Town Manager's Report: COMMISSION ON SPECIAL EVENTS (CSE) TERM APPOINTMENTS A five-minute item has been added to the evening meeting to ratify the term appointments for the CSE newly appointed members. This action was omitted at the June 4th meeting. The ordinance reads: "The initial terms of two members of the CSE shall be for one year, and the initial term of three members shall be for two years, to be appointed in 2002. Thereafter, the Council shall annually appoint CSE members to two year terms every January." COMMISSION ON SPECIAL EVENTS (CSE): ALLOCATING SPECIAL EVENT AND QUALIFYING CULTURAL EVENTS FUNDING. The newly passed Ordinances 7 and 13, which call out the specifics of the CSE, in Section 2 differentiates between Special Events and Qualifying Cultural Events. Please review the following lists so you may provide direction on these allocations. The ordinance then states," The Town Council shall establish by Resolution anon-exclusive list of Qualifying Cultural Events." In order to give the CSE notice of the general funding available, staff would like to bring this resolution back to Council on July 2nd. SPECIAL EVENT - A Special Event is a function whose primary purpose is to promote an exciting, lively, fun and/or prosperous business climate in one or more of the Town of Vail's business districts. $137,307 VCBA stated Special Events Allocation for Y2002 75,000 VCBA/VAIL TODAY street entertainment 308,000 Business License Fee - Y2002 to VLMD 308,500 WCTB Special Events, including: - Teva Whitewater Festival, May 24-26 - Big Wheel 'n Chili, June 21-23 - Vail America Days, July 4th - Oktoberfest in Vail, September 13-22 - President Ford's Treelighting - Event Research - CSE Facilitation 160,000 WCTB/Recommended but need CSE approval for disbursement - 3 on 3 Soccer ($20,000) - WestFest-type event ($50,000) -Fenton - Vail Sports Fest ($30,000 -less allocated) - Seed Funding ($60,000) 95,000 VAIL TODAY/Public Works Street Enhancements 20,000 American Ski Classic (Parking in-kind, $2,300) 20,000 Hot Summer Nights (EITHER CATEGORY?) 20,000 StreetBeat (EITHER CATEGORY?) QUALIFYING CULTURAL EVENT: A Qualifying Cultural Event is a function whose primary purpose is cultural in nature rather than economic. These events are typically, but not necessarily, held in a performing arts venue such as Ford Amphitheater or Dobson Arena. The Town Council shall establish by Resolution anon-exclusive list of Qualifying Cultural Events. $ 22,500 Bravo! 7,000 Vail Jazz Festival 12,500 Vail International Dance Skating Club of Vail/8 days at Dobson MEMORANDUM TO: Vail Town Council FROM: Bob McLaurin, Town Manager~'`~ RE: Town Manager's Report DATE: July 2, 2002 Vail Mountain School Request to Proceed Through the Planning Processing on Town Land. The Vail Mountain School is requesting that the Town Council allow them to make an application(s) to establish youth soccer /recreation fields on the Booth Creek Park, Lot 11, Block 1, Vail Village 13th and Tract A, Vail Village 13th, Block 2, Vail Village 13th Filing (proposed Par- 3 site). The applicant is not proposing at this time additional parking for these sites. Parking, as proposed, would occur on Vail Mountain School campus. The Vail Mountain Schools is also proposing to create a recreation field directly west of the school on Vail Mountain School land. If the Council does not want to allow the Vail Mountain School to proceed through the planning process to establish youth recreation fields on these two town owned parcels, please indicate your concern to staff during the Town Managers report on July 2nd. o UPCOMING ITEMS: July 16, 2002, Work Session Site Visit: Betty Ford Alpine Garden request to proceed through process (deck behind schoolhouse and overall gardens. Joe Kochera - 30 year anniversary Strategic Planning: Continue development of relationships not only with VRI but w/other constituency groups. • Set up meeting(s) Joint Meeting with Vail Recreation District (VRD). TOV Logo Discussion. Executive Session: Legal Matters (Ice Bubble). July 16, 2002, Evening Meeting Approval of June 4th and 18th meeting minutes Streetscape East & West Meadow Drive/art components & discussion. Betty Ford Alpine Garden request to proceed thru process. Ord. #2, GO Refunding Bonds Series 2002 Ord. #3, Sales Tax Revenue Refunding Bonds Ord. #14, Conversion of hotel rooms to EHU"s, 2"d reading Ord. #15, Rezoning Lodge at Lionshead Mixed Use I, 2"d reading Ord. #18, Repealing and Reenacting Ord. #7 and Ord., #13, 2"d reading. O ~~. M~: .: S ort Entertainment .. :: p _ .. _ www.gohighline.com 6/26/02 Vail Town Council: This letter is to represent my interest and willingness to serve on the special events committee now being formed on behalf of the Council. I am a founding partner in Highline Sports & Entertainment and currently serve as the Vice President of Operations. I firmly believe my many years producing events, in and out of the Valley, will prove to be a tremendous asset to'the group. Highline is a leading provider of sports and entertainment event marketing services. Headquartered in Vail since 1995, the company has created turn-key event marketing programs, sponsorships and successful partnerships with many of the world's leading brands. Highline`s high profile events have been staged at major venues throughout North America and have been seen by millions in person and through major broadcast media. In closing, please let me know if I can answer any ? s or provide additional information on myself and my company in assisting you in your decision making process. I can be reached at 476.6797 xt. 106. Best Regards, ~~~ Scott McCormick Vice President of Operations 1000 Lionsridae loon • Vail. Colorado • 81657 • t: 970/476.6797 • f: 970/476.6890 • e: hiahline@colorado.net Vail Chamber & Business a ..~- ~~ O Association xe• U ~.: ~ ~ -~.. U ~. wt k'1 ~ ~ e~ 241 South Frontage Road East Suite 2 Vail, Colorado 81657 Vail Local Marketing Board 75 N. Frontage Road Vail, Colorado 81657 June 17, 2002 Dear VLMB: phone: 970-477-0075 fax: 970-477-0079 email: vcbaC~vail.net Due to an oversight, John Cogswell's name was not listed as a member of the newly formed VCBA Marketing Committee. Please add him to the list including Guiqui Hoffman, John Gorsuch, Luc Plos, Dale Bugby and Kaye Ferry. Thank you, Kaye Ferry President cc: VLMDAC XC ~ Cbiw.i~l, Vail Chamber & Business Association PRESS RELEASE: June 19, 2002 241 South Frontage Road East Suite 2 Vail, Colorado 81657 phone: 970-477-0075 fax: 970-477-0079 e-mail: vcba cLVail.net Robb Chiles of Lakewood has been hired as the Director of the Vail Chamber & Business Association. He started his first day of work Wednesday June 19t" 2002. Robb graduated from the University of Kansas with a degree in Public Administration. He is also a graduate of the United States Chamber of Commerce Institute for Organizational Management that provides specific training for Chamber of Commerce Directors. He is currently working on the Chamber Executive program. Robb's work experience includes serving as Assistant Director for the Cherry Creek Chamber of Commerce, Membership and Communication's Director for the West Chamber Serving Jefferson County and Executive Director of the Logan County Chamber of Commerce. Robb is a native of Lakewood, Colorado and his wife Aubyn is a native of Fairplay, Colorado. Aubyn is currently the Assistant Manager of the Residence Inn Hotel in Boulder. Robb and Aubyn will be moving to the Vail area on July 1St with their seven- year old son, Zac. The couple is expecting their second. child in September. As Aubyn said," it's like a dream come true that we can raise our children close to our families and in the mountains of Colorado. We are all thrilled!" Kaye Ferry added, "We are also thrilled. to have someone of Robb's background join our organization and look forward to an exciting future." PUBLIC NOTICE COMMISSION ON SPECIAL EVENTS REGULAR MEETING TOWN OF VAIL Vail Municipal Building Council Chambers 75 South Frontage Road, Vail, Colorado SECOND Tuesday OF EACH MONTH, Following the monthly meeting of the Vail Chamber and Business Association (Approximately 10:00 A.M.) Monthly agendas containing topics of discussion will be posted monthly. Pamela A. B dmeyer Assistant Town Manager . ~c: Cep . ~ ~ ~~ r~ ~~:~ June 15, 2002 The Honorable Ludwig Kurz City of Vail 75 S Frontage Rd. W, 81657 Vail, CO 81657 USA Dear Mayor Kurz, Thank you for your continued involvement and commitment to Sister Cities International (SCI). The need for global understanding and friendship has never been more important, and we are proud to have your community as a member of SCI. Now more than ever, your SCI membership empowers your community to build strong and lasting partnerships, while continuing to provide you with customized assistance and a variety of practical opportunities. Your organization benefits from experienced SCI staff members, as well as opportunities to participate in programs initiated at the national level. Your community will have access to an invaluable information network through SCI's Web site, www.sister-cities.org, featuring the International Community Resource Center (ICRC), offering instantaneous translation, afund-raising search engine and much more. Furthermore, you will continue to receive SCI News and the Report to the Membership to keep you updated on sister city projects and opportunities worldwide. Your membership dues allow SCI to develop and expand our capacity to meet your community's needs. Enclosed is your community's membership invoice for 2002. Please note that your invoice reflects the dues increase as approved by the SCI Board of Directors and announced to the membership in the September 2001 edition of SCI News. If you have ariy questions regarding SCI or this invoice, please contact Justine Morgan at (202) 347-8639 or jmorgan@sister-cities.org. We thank you for your support of SCI and we look forward to serving you and your community in the years ahead. Thank you. Sincerely yours, ~~ Tim Honey Executive Director Honorary Chairman -President of the United States 1301 Pennsylvania Ave., NW • Suite 850 • Washington, DC 20004 • (202) 347-8630 • Fax (202) 393-6524 • www.sister-cities.org Annual Membership Dues -for Year 2002 Bill to: VAII., CO City of Vail 75 S Frontage Rd. W, 81657 Vail, CO 81657 USA Customer ID: Invoice Date: Due Date CO-NAIL 6/15/02 7/15/02 escri tion Amount UES BII.,LED I 130.00 Total Invoice Amount 130.00 Payment Received TOTAL 130.00 Please return a copy of this invoice with your check payable to: .Sister Cities International, Attn: Membership Accounts ~~yl,~ 1.~ Gracias G~ Danke xre X~e Nr AS~9NlE l~Nr9 Honorary Chairman -President of the United States 1301 Pennsylvania Ave., NW • Suite 850 • Washington, DC 20004 • (202) 347-8630 • Fax (202) 393-6524 • www.sister-cities.org MEMORANDUM June 26, 2002 To: Vail Town Council Bob McLaurin Pam Brandmeyer From: Sally Lorton Re: May Sales Tax Attached please find the latest sales tax worksheet. I estimate I'll collect another $22,500.00 in May sales tax to bring May collections to $397,640.00. If so, we will be down 3.27% or $13,462.00 from budget and down 11.29% or $50,594.00 from May 2001. As you review these numbers please keep in mind May is our smallest month. onth 991 992 993 994 995 996 Town of Vail Sales Tax Worksheet 6/26/02 1997 1998 1999 000 001 ' Budget 002 Collections udget Variance hange from 2001 Change /rom Budget i January 1,713,091 1,709,654 1,855,364 1,805,707 1,894,597 1,935,782 2,052,569 2,115,359 2,066,459 2,034,529 2,210,547 2,025,942 2,071,964 46,022 -6.27% 2.27% February 1,737,343 1,780,568 1,828,766 1,814,495 1,816,107 1,993,389 2,089,673 2,153,121 2,021,486 2,223,670 2,366,321 2,169,546 2,280,316 110,770 -3.63°/a 5.11% March 2,051,820 1,977,995 1,988,090 2,250,656 2,139,298 2,240,865 2,580,992 2,368,077 2,415,202 2,545,573 2,568,871 2,355,387 2,679,172 323,785 4.29% 13.75% April 616,648 691,163 864,303 794,668 791,092 966,993 874,427 1,107,334 952,843 926,771 1,043,431 955,952 847,541 (108,411) -18.77% -11.34% May 250,809 268,000 257,248 287,315 324,681 318,920 329,783 382,718 370,864 388,121 448,234 411,102 375,140 (35,962) -16.31% -8.75% Total ,11 r~.a~ -~,~ ~ ~_; ?-~ r. ~_!~" .;-11 r ~ ~,:, ~ -t"~~=~,'~-1~, i,'_i~? 1~1 ~ 1~~; r ,~, -~~~ >-l ~1cfJ~1 - I,.J/.tip-. ~ +1 1~.! - "-11~_ ~fi~Ci, -i-. -1~fIO June 468,948 468,598 475,161 548,820 590,685 594,907 630,366 633,400 692,811 721,774 751,439 688,454 July 737,288 742,750 811,538 892,830 893,483 963,717 1,043,637 1,107,882 1,130,883 1,235,470 1,157,867 1,061,543 August 761,992 767,257 825,954 891,566 867,125 990,650 1,073,430 1,183,926 1,050,004 1,038,516 1,124,275 1,029,162 September 491,684 485,954 560,535 725,205 645,902 630,453 637,831 735,608 806,600 817,313 747,766 684,231 October 324,802 367,578 400,525 408,405 461,791 413,573 472,836 515,531 536,204 547,201 486,570 444,891 November 428,086 497,907 553,681 594,491 611,147 601,208 707,166 656,596 582,260 691,445 571,783 523,732 December 1,691,775 1,846,223 1,974,553 1,992,855 1,994,540 2,068,851 2,254,709 2,070,834 1,883,805 2,062,205 1,933,940 1,728,878 Total 11,274,286 11,603,647 12,395,718 13,007,013 13,030,448 13,719,308 14,747,419 15,030,386 14,509,421 15,232,588 15,411,044 14,078,820 8,254,133 TOWN OF VAIL BENCH DEDICATION PROGRAM Recognize a special person, an achievement or an occasion by dedicating a bench within the Town of Vail. Individuals, families, organizations, or businesses may enroll for a standard town bench, with an engraved brass plaque on the front. The cost of the 10-year term for each bench is $2,000, which includes the bench, engraving, and annual maintenance. All bench text, and font styles are subject to review and approval by the Town of Vail as determined by the Office of the Town Manager. Bench plaques shall not be used for commercial or promotional purposes. Suggested appropriate text would be: Dedicated to "...", In memory of "...", In recognition of "...", In honor of "...", With loving memory of "... ", Sponsored by "... ", Brought to you by "... ", and so on. To reserve a bench, please complete the section below and return along with your check or credit card information to: Town of Vail Attn: Pam Brandmeyer 75 South Frontage Road Vail, CO 81657 For bench locations or additional information, please contact Pam Brandmeyer at the Town of Vail, (970)479-2113, or pbrandmeyer@ci.vail.co.us. NAME ADDDRESS CITY/STATE/ZI P TELEPHONE PAYMENT METHOD: CREDIT CARD TO BE USED (circle one) CREDIT CARD NUMBER MASTERCARD/VISA/DISCOVERY EXP.DATE CARDHOLDER SIGNATURE ENGRAVED MESSAGE REQUESTED (approximate size: 6"x2") f:mcaster/bsalter/formatlbench dedication program MEMORANDUM TO: Department Heads FROM: Robert W. McLaurin, Town Manager DATE: June 26, 2002 SUBJECT: Acting Town Manager I will be out of town Friday, June 28, through Sunday, June 30, 2002. Pursuant to Section 6.2 of the Town of Vail Charter Pam Brandmeyer will serve as the Acting Town Manager during this time. Please see Pam if you have problems or need assistance or need to reach me. RWM/mc cc: Vail Town Council Lorelei Donaldson, Town Clerk f: /bsaltermanagermemoactingtm THE VAIL DAtL'~-9'~0.~49:0~5~~vaildaily:com XC: Wednesday, June 19, • 2002 -Page-A3 Avon buses to start charging fares By Matt Zalaznick DAILY STAFF WRITER Avon's buses will only be free for about another month-and-a- half. Officials say they realize that the move to start charging $1-a- ride , in August will upset some riders and drive others away, but funding the free transportation service is gouging a $270,000 crater in a town budget that's already spending $400,000 more than anticipated. It's one of several steps the Town Council has taken to bat- ance revenues and expenditures. "We either have to chazge fares or cut service," Mayor Judy Yoder said last week. Drop in income The town is spending $270,000 to subsidize its free bus service. A 12.5 percent drop in sales taxes revan~ues in April, and a 3 percent drop for the year com- pared to 2001 aze compounding the worry for town officials scrambling to stop the bleeding. Five years ago, sales tax rev- enue was jumping by 10 to 12 percent a year. But over the .past few yeazs, growth in this revenue, like growth overall, has slowed to about 3 and 4 percent a year, town Finance Director Scott Wright said. The plunge in this year's sales tax revenues, which funds much of the town's operations, is lead- ing to predictions of no growth at all for 2002, Wright said. But Mark Strickland, part owner of the Avon Bakery and Deli, said he's been busy because of a strong local following. "Our business has been pretty good," Strickland said. "We have a good local following, so our business stays pretty steady through the course of the yeaz. We don't have the ups and down the resort-oriented businesses have:' Councilman Buz Reynolds said the best solution to the decline in business in an economy entirely dependent on tourism is "snow." "I'm not seeing people in the restaurants. I'm not seeing as many people here," Reynolds said. "Until the country feels more comfortable and we see lots of snow, we're not going to see these problems go away:' Some local business people are optimistic that sales tax revenues will pick up again. `There was a little bit of lull, but we've been doing OK. It's been pretty steady," said Jon Holland, assistant manager at Mojo Music. "We've been doing enough to get by. Of course, our busiest months aze December and January and we've been doing some days in the off-season that we usually don't get until the win- ter." Fares to ride Starting Aug. 1, the fare for the town and Hurd Lane shuttles will be $1 a ride. The faze will be the same for the town's skier shuttle in the winter. But riders on the town and Hurd Lane shuttles will get a dis- count that skiers won't. Council members said .that because more locals ride the town and Hurd Lane shuttles, they will be able to buy coupon books that will give them 20 rides for $10. "I'd like to see the skier shuttle stay at a dollar and do the coupons for town and Hurd shuttle;' Yoder See Avon buses, page All Rejected material tax idea revived By Matt Zalaznick DAILY STAFF WRITER the taxes are paid - in cities like Denver or Glenwood. Springs. "We have to figure out a way to keep more of our taxes in Avon," said Councilwoman Debbie Buckley, who has sup- ported putting the use tax on the ballot. One of the few. places . builders can avoid a sales tax is at the lumber .yard at the Edwards Building Center, which is in unincorporated Eagle County. The county does not have a use tax. Council members in August scrapped plans to ask voters in last November's election to approve a 4 percent use tax. Some couricil members didn't support the tax, and others See Tax, page All A tax on building materials narrowly rejected by Avon council members last summer has returned as an idea, now that town is struggling with a mid-year budget crisis. Home builders and other. developers working on prof- ects in Avon currently pay a "use 'tax" when they buy' con- struction materials, such as bricks or lumber, in many other Colorado towns and bring them back to Avon. By imposing a use tax in Avon, officials expect they could recover the estimated $1.6 million the town loses every year when construction materials are bought -and THE VAII DAILY 970.949.0555/vaildaily.com AVON BUSES .Said. From page A3. Councilwoman Debbie Buckley said she thinks the skiers -most of whom are tourists -should bear all the cost for the shuttles. She said there. should be no charge for the town and Hurd Lane shuttles., "No one's going to ride the shuttles in the sum- mer," she said. "When people are on vacation, they're already spending a gazillion dollars. What's another $2? I think the skiers should be charged more than a dollar and we shouldn't charge on the town shuttles." Newly sworn-in Councilman Brian Sipes said he worried that charging for buses could take cus- tomers away from Avon's businesses, some of which are struggling for shoppers. Charging fares will trim the ridership , on the skier shuttle by ~25. percent and cut the number of riders on the other shuttles in half, Transportation O Director.Larry Taylor said. But buses aren't the only place the town is scrambling to save money. Several vacant positions in the town government -including an empty police officer's position - will be left unfilled. - This hiring freeze should save the town about $163,000. in salary and benefits; Wright said. . In other cost-saving measures, Town Manager Bill Efting has also asked each of his departments to, cut costs by 5 percent. Efting had a gloomy predic- tion if business in town doesn't pick up. "We're still fine, but we're npt great. We have to come back at .the end of August to see if the deficit in sales tax turns around," Efting said. "If it hasn't changed by the end of summer, we'll have to go to drastic measures." Matt Zalaznick covers public safety, Eagle County Courts and Avon/ Beaver Creek. He can be reached at 949-0555, ext. 606, or by e-mail at mza= laznick @ vaildaily. com. . TAX were confused From page A3 about how it works. But as the town looks forward to The. Home Depot opening in Avon in the summer of 2003>'sup- port for the tax seems to have come back strdng, even from council members who opposed it last year. "Someone else is doing it and someone else is getting the money;' Councilman Buz Reynolds said. In August, Reynolds said he probably would not support the use tax but would vote to .place it on the ballot for. residents to decide. The Town Council dropped the idea before voting to put it on the ballot. The council would likely have to mount a strong campaign to persuade voters to approve the tax. Earlier this year, developers doing work in Avon revolted against a "compliance deposit" the Town Council had imposed to ensure that builders follow their blueprints and finish their projects. After a few months of debate, angry builders eventually persuaded the town to repeal the deposit. The use tax would require a resident who wants to build a home to pay the tax before being issued a building permit by the town. Wlien the resident sub- mits plans for the home, the town would estimate the cost of building materials necessary and assess the tax. The resident would pay the tax and get a certifi- cate from Avon. The certificate would show the use tax had beers paid so the resident doesn't have to pay the tax again when buying construction materials in another city. jn v May 29, 2002 t~Ge~/ North Lake Ta business in Heavenl A match made y By Susan Wood workers, which peaks at 1,600 ping .Heavenly. It was like . BONANZA NEWS SERVICE in the winter. playing with one hand tied "We may shift responsibili, behind its back," Roberts "Charming mountain fixer- ties, but I can't see it running said. ` upper with fantastic views of with less employees," he said.. ! On . the other- hand, ASC' Lake Tahoe and world-class In line with a national made a major'.investment skiing right in your backyard. trend, Vail would like to posi- with its $25 million gondola, Motivated seller. Make offer." tion Heavenly as more of a which. opened in December Heavenly Ski Resort didn't four-season resort: Heavenly "2000. The gondola stretches post an ad as its owner already has opened up eight 2.4 •. miles, carrying eight foundered in red ink. But Vail miles of terrain to hikers and skiers per car from street level Resorts knew a deal when it is considering whether`to use ~ at 6,200 feet to 9;100 feet ele- sawone, picking up Heavenly a natural rock amphitheater vation. for a net $99 million. Five for summer entertainment. Next to the gondola, two years ago, American Skiing Plans are also ,coming giant redevelopment projects Co. paid a combined price of together to hold guided U.S. are;,. caking shape. The $288 million for Heavenly, Forest Service hikes, establish Marriott Grand Residence and for Steamboat in stargazing venues and erect a Club and the Marriott Timber Colorado, climbing wall on the moon-, Lodge,' worth a .combined Since then ASC has fallen tain. $220 million, are scheduled on hard times, with its stock John Wagnon, Heavenly to- open in November. Within nose-diving to 29 cents per vice president 'of marketing,. walking distance of the .base share before getting booted said his new employer is "tak= of the gondola are thousands from the New York Stock ing a wholesale look at all the '. of hotel rooms and casinos, Exchange in March. In the opportunities and making ;including Harrah's, Harveys, past year, Vail Resorts grew its minor adjustments." Caesars' and the Horizon. portfolio by $225 million; ASC Even with the planned "In the last five years, lost nearly that much in the improvements, Vail Resorts Tahoe has begun a serious same time span. will have its hands full. There. pzogram in terms of attract- With the deal closing two are a dozen alpine ski resorts ing the destination traveler," weeks ago, Vail can move for- .within an hour's drive of Roberts said. "')these pro- ward with plans to upgrade Heavenly, including Squaw grams are now bearing fruit." Heavenly with new chairlifts, Valley, site of the 1960 Winter Vail Resorts has been better restaurants and Olympics. A few hours south, warmly welcomed by the expanded services at. its Mammoth Mountain has community, including the lodges. The company has become increasingly city of South Lake Tahoe and pledged to spend $40 million assertive and Intrawest is businesses at Stateline across in the next five years. ~ building three new neighbor- the Nevada border. Even Vail Resorts also owns Vail, hoods. other ski areas are enthusias- Keystone, Beaver Creek and Heavenly started out with tic. Breckenridge ski areas, all in modest beginnings. The "In general, the overall feel- Colorado. By picking up a Bijou Skiway, as it was called ing is it's a great thing," said California property, Vail offi- in the late 1940s, sported a Katja Dahl, Squaw Valley's cials can diversify their rope tow that took skiers spokeswoman. "Great for income and thus lessen the 1,000 feet up. Today, Heavenly. Great for the impact of a poor snow year in Heavenly accounts for 28 region. It can only help boost the Rockies. percent of Tahoe-area skiers, skiing and boarding for the At Heavenly, skiers can hosting 846,000 skier visits region." look forward to better and last year. Thy resorts draw a Megan Waskiewicz, more consistent services. combined 2.5 million visitors spokeswoman for Sierra-at- Boulder Lodge, on Heavenly's to the Tahoe area, said Bob Tahoe, Heavenly's nearest Nevada side, and its adjacent Roberts, executive director of competitor, thinksVail's entry, chair lift opened only inter- the California Ski Industries raises the bar for all Tahoe •: mittently this season as the Association. resorts. .ski resort tried to cut costs. But Heavenly has the "We're excited about Vail "It's no fault of the current largest mountain (4,800 coming to this destination. I ,management. The ownership acres), the ,highest Elevation think the changes are going was so financially stressed," (10,000 feet plus) and the to benefit the region,'" she Vail President Andy Daly said. largest vertical drop (3,500 said. Daly said Boulder Lodge feet).. Financial problems "We're very .hopeful this will remain open throughout, aside, those natural assets led will be a positive relation-. + next .ski season.... Thy; % Skz ' .,magazine to ; -, rate - ' ship," .South Lake Tahoe ' Stagecoach `and California Heavenly as one of the top 15 ,Mayor Brooke Laine said, Y base lodges will get a new resorts in the nation. though she knows Vail look with new paint, carpet With Vail on board, Resorts won't single-handed- and bathroom facilities. On ~ Heavenly's fortunes ~an only ly solve all the town's prob- . the Sky Deck, a new restau- improve, Roberts said. lems, 'including affordable rant and more retail options "Vail has a great reputa- housing. "It's ironic. We •, will be offered, he added. tion. Its involvement is a always said we didn't want to Daly believes Heavenly will tremendous boost because be another Vail." keep the same number of American Skiing was strip- ~ ''P j o + ~ 1 ~ .. { n 4-~t ~, ~y ,~ `~ it+hs~la ~.. . 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' st ,~ 7 ,~w~ 3~ n t Sales-tax rates can vary, consider~bly,~'~sAHd oGt~g~ty~!9t~ip anq ~tltt~rt~ _ ~ ~y,~ t ~ ~ ~ ' ?~"""" ' ~ ''' ~ 7 ~ ~` y ,M ~ ~, .~~ ' «~ r i ~~~,, -, ~~ , ~ . ,~ : ~ Math ofAmerlca ~ , ;, ,:fio' Forum Shops;at ,; ,~ .BafNarbourShgps , ~ ~ ~ •~` ~~`.glootplogtoit Minn;- ~ t +Fia6SafS .~ ~ .<,rrt ,,B~fHar~•nur,Ra ,, t~ .~~,~ ~~ ir:,,~.~A~d0.LESTNL'"6:59 vA'~ N t ~ {..89 VBga$, ~~lT it ' 4 ` j~; 7!OdL'64CElDUL ~ 59(t r, m•` t w~ '~, u~ I 4 BREAI(DOWN„ B.g%$tet$~4'~'i TOi~LSA4ESTA%,'~ 25%~' {~„~-~zr • ~,,r ~g of , ~~ I , , r BREA!(DOWN 896 Ct~tej V1~3~ tyi y'd, ,, I) ' ~ 19ourca; Vertaxlncmom ry , ~ ~ -BREAKpoWNO 4 75% sta18; 996 Ca~~ 'F + +t ( ~. . ' l , ~,J ~ ~ "~ .~ h ~ ` ' yam... r ~.~ ' ~ ~ a~ ~ e s T~~ r1~ - ~ ~ , , ~~.~ ~ ~~ k Q~~IC'1n1011 ~~'~ac c ~ .~'1 .., . t~ ~' g ' _ • .. t ~ U;.. V yy ~ 1~ \ . , ''a l ~ " y ~' fay ~ ~; secuctia c o~'~ca ~~c~-CEO ~'c~s~s ~~ natl. ~i~t 3 . ;, ,~~}rt..~-rt of Ev' '' ~ ing,~Levies; -~ome;~States GrackDbu~~t ~:. ~~ "1 "Ha~TG4H DIS'G~tAG~,ED~and out of ~~jap jor ,pastime ,Ilideed, b$ 2'b0~flnc(9~ectudi ~alea~s~u d ' allegedly dodging. Nety York; State: ,sales use taxes wW :exceed 320 biIllon~.accor¢itig to `a ~ . `, '"'taxes on ;millions of,,dollar5•; wartti Hof art;'University' of Tennessee' study, '>~icblgatl• alone ~ , ~¢ 'T'yco Internatlonal's L Detini~ Kozlowski can takQ, ,fexp~e`cts to missot~lgn asxuuch a8~;239 mi}Ilori•this ,~ ~coxnfortt in,.this T;(~ys oQQt alogP;~, ,r,R. S',e; , " ,~,, tl~seal yeah: While~1Vii', ifoziovVSld tt aUeged i~ansz f ;. At a tlt~ie when'state'iax revenues:~Fe r}u~iAg ;gressious' Were anusuahy aggressive he 1s~ ab- r! rower than• expected; people' all over ,the country ,cased; a:~bng `otlier. thingai; of emplgying~ fetl8@ ~ areeXacerbatingtheproblembyregularlyiookit}g r(lpvoicesnnd•shipm'entsof•empty~cartbns~to8void ~ R ~ , - ;, ,more than- 31~ millipn~~in~ wsales` taxes on,'•+art ~l~'13,~y,<;Gl~iay~'R SimpFo-t~,~e„Q"'D ~pl~'Ukaand.~tinn'~ , wokk~•pleitty ofl'otiier~peopfe are evading"s~;tes ,` „ t2irnmerman:~ ~ ` , ~ tt " ~, ,} taxes on~a stnaller"scale , ,, ,-~, , r ',' .; , , ,, ',lust.~a;-few wee]cs agV, a:wellheeled•siiopper `. , ' fTQ?>l"Mexico asked•Dallas jeweler. tfiarles Teich ~ for ~~~>q td ~aeat tklq~ •~n'~tfie ~~ #~e~i~t@r „~, 'man to sk~~ an e~pty'box out;of the Country,so the y't !},, _,, y The nation s bizarre;;net~brk,.p ,80 fi ~ dii~sdicJ,~,; shopper could avoid ~ore`tlian Eb00 in sales•taa:on ~ ' ~tlons-'ewitt- rates ranging from 0%4 ii},~~ve fl;ergn~~r'~a,$7,,000 purchase that>iis significant other wanted ~: ;; ~°~ States to il% In the city q~~Arab,.~,laiTha~,xuil,o u finrunediatel);.."it's: a guy thing,°..says Mr. Teich U ''sales tax, avoidance intgj,SPt11etbin~z o~:.~,,1?u~io!t~l , ~ luau, . oµ%ner• of ; a store ..,called ,~fiaug-Xiang ` i ~'' '. s,a. ~„r~ , ~ ;' ~~ , ~e~ .f1 k~'~!omen~wapt"insti~pt gratification , Guys look~at ~ ' y,,,, ~ ;;,,, ,, , ~ ,, .~ ,,.F~, „ ~r;Strictly as,a business deal:": ~, " -~=- ` , ~ ' ~ ~-~---J `' Mr. Teichman says he will; gladly, f~ayshippin~, . . Atid'; insurance t0,~ send-:~u~itern°~uuE ~f"~tSt^A•' So `; • '.customers can avoid .paying.the'8:25%;tax, even ,:, ' ' 'though he knows some Will:`ship',it right. back'tb, ' °Texas. He considers such maneuvers the'custom- . • ,• •.ers' tcansgressions,'not his: ~$ut he deems ship. ° ~._~ ping.empty'jewelry cases beyond the pale:,, ,• + ~ Are„,;;;ales-tax; avoidance' isn't just: the .provint:e,gf~ xk1Q'rrlCh, ~p~~pnany grdinary~ citi'zgns hop=ac~ossf state'.tiorders to shgp. The exploding popularity of +. catalog 'companies and online retailers has also .: ' made it easier. fofi~consumers to escape taxes on. :_; ,everything from inexpensive books to fancy com • paters: Mail-ordel^.;,retailer~''::generally don't im ~, ; • pose ;sales, taxes ~Oln.. items. shipped ~ out of. state. ' Consumers areaegally, required in host, states to '' ; ~-•'. pay so-called usetaXes~on,those purchases, but ,, .:' Jm4st consumers,don't bother; ;; ~. ~ ,; P' ~ ~ ~~~ The states feeh'cheatSd; #~ind they,~re cr~ieldng ' •dpivn.on sales-tax dodgers;as~•best they eau. A~ '• ` • dozen states now•include;a line•pn their,personal-:, . • income tax forms for individuals to declare their • Use taxes;.six,oth~FS provide re~idents'a,separate . form. to declare and pay :use. taxes: Connecticut , J " ~Ahas what:'amounts• to~a bounty, system, Known as , ~.. ~•' - "Operation'Equity", it &sks that when other states ~ ; Please Turn to.Page. D2,~,Column 4 , ;1~ ;. , , ,. . ., , . 'I Sales ~~.'•'a.~~ I~~~~er~~ hau~~'ge~s Common' Fr~ac~ic~ ` ~, ,,. ~ - Comtenued ~~F'hom e'1}z aldit,local businesses, t1X~ev pass along ~: a ,,•, s .-~ •. ;: E " ~narnes of custome;~ ,who have shipped M ;Th9 Art o~"~~bt) M~aying Takes;:< ,, ,, ,big ticket.;items likeSCOmputers, •fur}~iture ,. r • ' - •-and 48rt hack to~Cbk-neeticUt. The, states Stetps rely on sales tax fora •big'chunk ~And.stetes errs gafng aBtOC`" ` , , , ~'~irnrolved s~~itlttl~l't pa}~ wi'th.Gonnecti- of their reVenUe but selAeatax receipts : "ta~X;dodgare } r„ «, „~# '~. ~, Cut ' • are talling off... ^~Hollywood producer Ted Field: ~Iard to'. Get Caught ~-, - , '~ ~`•'~ 2~ t Failed to pay $2.6 million•in ' • :'^`But ouch efforts have yet~to,,pay off ~ ~ ~~ hi It~ilv,duaFin~omg w ; : w , much, and most~experts~say~chances of ~~~~r~t Rvice~°+~•.:,„• Californig state taxearon $~9 million' ~ ~,~,~ ~1~61~r w of Italian paintings, fined $250;000 • being caught are 'slim at' best "I dop't i7~ ,' ,,~ ;,- ,believe average citizens have-fo' Worry," •' ~•ti~°ry^~*•'~'^'°r ,~ Penthouse publlaher Bob Oucclono: ~ , 'says•James Wetzler, former tax:commis n , ,~~'~i-- ; ~ ~~ ~~~ + "~ ,"'" Dldri't pay New Yorkatate'taxes on~ ~sioner for- New York. He says that while r r r~i 5rate Sales r'' $3:6 mllliori worth of &rt; charged I-states are ;using :far more information ,+ rte. i-" L~ "~+•r' ~-.'"ta~Reteiptt ~ $478,000 plus penalties and ~. now to track evaders, •such~efforts- are ti '° ~ *`~~~ ~~ ~, ~ ~n ~~iNons)" Interest • ~' ~ ' ~ -~ ,unlikely to target anything,•other than ~'~`jr'~ ~ ~ " ~'°' ~' `^ ' ` •~ ' = y '.• large purchases. ,• .. •, loq ~ ~{' ~, ~ `~ ^ Califdrnle billionaire Donald Oren .fit°South Carolina,,for example,. has cony , ..°t,' .; ,~ ~.~,~~~'; ~ ..j Failed to pad California state taxes on $20 mllli'on .worth' of alltwbrk ducted over the few years,one of the most ~ ~' ~ j~ ~° ~ ~ billed for~$2~:6 million. ; .• i>; aggressive education pragram5ao pet citi 1991. '9~ :95 ¢ • °97,, '99• 'oi ~`.zens t0 ;pay use taxes: ~!But~,that,ylelded E '.Sauroe U.S'Census9ureeu 7 • ~ "~usC an extra $a).4;~?,5 in,~ 2001,'~compared, ~ I i , i,.. •~~ ~ ~ a .~ _ ~ , ito total sales. and•,usg.taxes''of•nearly $7r ~ t 1 1 S~~ r V~1,•T , ^r+billion. ~_•~,,.p, .>n,.~F;4,, ,~HOW`DO~S'.Y~ti~r';$~I~~'1~ai~: ~~c> .:. , •,c.,. The-state. efforts leave a•lot`of roonn to ~ Sales'tex'can. vary by'clty, state and 'county. Here's a breakdoWtS for'sbme.big ;;!maneuver.'' Bill rTotzke, 38, years old, re Shopping centers nationwitle. - ' ' " -'.• ' ' ~ ' ~ s , ,., , ~~,Cently, furnished ariew.home.onlige,,,an~ ' . , • , • . ', ; •: . , - TDTAC'COMBINER '' " -7AXBREAKOOWN <~esttmates ~that,he'saT~ed~hundreds of. dol `' ~,i~SHOPRING CENTERS/locatlon SAEES7Ax RATE' .:".. 'STATE .COUNTY ;CITY , !lara_in Illinois state'and local sales taxes,. ; ~ .; geveriy Center Los Angeles 8.25% ~. ` '6.00% ` 2:25% - • ' wlucli,top.8%; Amongahe Chicago execu ,Blltmore. Fashion Park Phoenui t, 8.10 ~ 5.60 ~ O.ZO 1.80 ' ~tivets. online;purchases: a $1,600 Sur l;~round ,Sound'. system with ~6peakerSWand 'Charle'ston Place Cfiarle`ston; S.C 6.00 5:00. , ~e d 1,00 : -,,:+ °stands., (that saved him $132 t>n ;sales ,` ,Cherry Creek Shopping CentetDenver 7.20 ! .2.91j ,,, h~-080 ~ x:60 , .;taxes),, and $3,500 in Persian. rug5..(tax ,~ ~; ` Columbus Cis Center Columbus: Ohio 5.75 5.00'. • ~7. , savings:' $288)i .Over the past'few. years, b. `° ,,,r,,,.,_, ~„~ ,~,~ , ~. ' 'he sa s' his sales=tax savin s , roliabl ^ ' Y g P Y ` King of Prussia; Mall Kipg of Prussia Pa ~~ 8:00 6.00. ~ a ~ .~'i ' -~~ 'reach into the thousands of dollars, and ` rr,""•"" ;in most. cases,, tie has received free ship The Mall!at Short Hills Short Hills NJ. ~ 8.00 ` - 6,00 '~ ri } ~ -+~_ ~"' ~y,;~ • t ping aob. ': - • ~ ~ . -rysons Corner Center McLean; Va. ' ~ .4.50 3:50 ~ 1 UD. - , ~' "The state gets enough of myaaxes Woodbury Common Premlum'Outlets. x•7.25 4.00, 3:25. , - through; my paycheck and all," lie says .; Central Valley; N.Y. •: '+' ` r"' ~ ' " ~ Mr. I{ozlbwski isn't .the first high-prd. ' ~ ~ ' file businessman to ,get targeted: If. COn : ~ ~ Source: Vertexinc.oom. , ~ Netei 8om9'ltems mey be exam°t from tex victed, . he woWd • join a growing, list of :, ., :.', . • , ' l other wealthy people •eaught•not paying ~ ~emerging~ for example during the 1980s one Helmsley. Just a-few years later, in ~ taxes on pricey artwork, including Holly- when a series of ,New ,York merchants 1993,. three prominent. Palm Beach art , ;wood producer Ted Field, Penthouse pub ~°~•were nabbed for such scams.. Dubbed Opp ~. dealers admitted evading,, 'more than' ~ • li5her Bob Guccione and; California oil- ' = eration. Big Ticket, that case represented $500,000 ' in . Florida Y;tax@s b3'; shipping : , .. lionaire Donald Bren. Just three months. , • a rare instance of.state authorities tak empty boxes...:. '.ago, businessman. Michael,A..Price :Was ing•a~comPrehensive stab; at. the.problem ]?ast ,high-profile;; eases have made ,;forced to pay Washington state' $442000: ,;:Unlikeahe,:Kozlowski•case,. file authors .J .some'luxuryaretailexs more' reticent,to in taxes, penalties and interest on a cus ° .ties went after the retailer§, nat the tax- ~ fielp shoppers cheat,-,though many cus, , •~ .tom-built,';73-foot yacht that, he claimed .. ' dodging customers ; ~ '; ., ~ . ~ tourers still ask. Matthew'.Trent; a~Dallas ~_to hays bbught,for $690,000 but that aGtttr.~ ; ' The..results ,wgre~„eye-popping, for : jeweler,.•says;many`client5 assume.they,:• ally set him back $3,2 million `'.. among those lmplica>:ed in pretending to .,won't have to:pay.taxes and ask him all. `~~ -Sales-tax' evasion' is of panc~War•con~ ;'r~hip goods out.of state were some pf the ; ,the t?me to sliip empty boxes ",Ttie prob=; :' 1 tern; in'' Washington 'state, . since..it bor ~. ; •biggg'st ,nkmes: in'luxury, retail and their ' ` lem" is 'a lot of'~the ~big'retailei~s' around: ; :~ ders Oregon, one .of five states without a' staffs;':including Cartier Corp., 'the jew, here,, are'willing,fO.d0 it;~so it,puts press .. ri sales tax.. Washington_estimates.that it:;~' elry,retailer,~agd Christie. Brothers, the':.:, sur~.on;you;'.' he..SayS;.:but'1}e, refuses:. ~loses.•about $80'millon a year;7jn unpai~t ;',,furrieF, ,The ease .also 1ed:•to the famed, .•l~, "Sometixr-es,"':Mr. Trgn~t 8dds,•i"I just:, ' ``~ sales'tax,; but Mikd Gownylow, :~ spokes , ,-tax-avbiddance . conviction of hotelier Le , .', eat'tJte,.s8les; ttlpr to inake'tb~~ salg. ~. ~ • ;;'man `for, the state., Department of Reve :• R~ nue, says there's little the, state can do to:1- ~ __ ___.___ - - ~ - -- ~- collect 'from most',individuals:,who 'shop: , ~ "racross: the border,' "You can't put spies >n l • `'the Costco ,perking, lot," says Mr. Gowry= :, 1u: low.. "Nor woWd people want it." ,, „ Enforcing laws against such; maneu- '• viers is difficult. In part, that's because- i ~~:;Some forms of 'state tax avoidance, are , (s,essentially legal:,: Under two ``Supreme. ; • Court' decisions,,'states lack:the legal i• ower to collect levies on many bona fide interstate transactions. Many'state tree- ; i G.., ~~ larger' part tof the problemsis .lthat reel k dents. don't .understand their obliga- ;. bons-and in fact see skipping sales tax as a legitimate way tb Wave., ~-Arizona Savings r ,, ,Even` states ',themselves aren't im- mane to the lure, of tax-free purchases. ' Last year,' the"Arizona House .of~ Repre-'', F~sentatives purchased'137 computer rnom- ~:tors froin~ an'~ out=of-state company, with ~" •.'the,~idea .it would 'save. some $2,000 in.' Arizona; state sales tax: But th'e.. savings ;were short lived,".once House officials re= • , alTyed` they owed'-sand later paid-state ,, 'use taxes.. This year; the Ariion$ House. • ,'passed a.liill 'that'.would have put:aline. on .the: income 'tax'; for individuals to de.,, - , t tiers TYse t~.x; but that bfh' died in the':; ,.; The i§sue has<been.around far awhile,i.,A DAY P.:. _.. High Wired 2002:>, ~ '~ SE~.TION-_B ., Cf ""ItlQlinrijltt17D1 s I .. i ~ ,~~ AN ErBA7i G1:E FOR 6BAX ~.-.°.. S 1 ~ ~. t -rte -~ ~ Ap~, - . ~~ r"~~ `i a i:~°~ ,r ~f iostetter ~. ~ _- _. ` - ementary r„ ~-_• ~-__ ~-s .~ ~ - _ A ~ _= _ = _ lOs ~- ~ ' ~. ge,B16 .~ _ ~ " ~, ~ ~~ - -- ~r .~ ,/ ~:.. Summit Daily/Brad~Odekirk' Summit County first responders;evacuate an unidentified woman Wednesday afternoon after en accidenf on ea"stbound Interstate 70 involving asemi-truck and an'SUV. See story, page A3. steed the X~~w~~. I time c c • . r .l AGE A19; ~ ••• see V ,~. ~~~.i e~ '~~~ :~~ 1: ~ , c ea e ' If the question makes it on,the November . ; the most support. tion o~ the ballot. ~ Summit Property taz was: just 'no. `A Colorado House Bill a ve said a ballot_and is approved, funds would make :'' way ~~~ Ferris said. passed this year enables ntul- ~~sidents, Summit Housing Authority self-supporting Last fall. voters approved tijurisdictional ' ..,' housing ~y property tax increases bene- authorities to' access revenue Lyman fire, By JANE REUTER SHA Director Gordon Ferris: fitting the school district and streams, such as sales tax. + 7..The StJMAIIT DAILI' NEWS °We believe it's a nominal, ~ the. Lake Dillon Fire Protec- Wh11~~the,SHA~ partners with ~hetrio reasonable re uest and:. it's tion;.District, which si nifi- several urisdictions on its the SUMMIT COUNTY - q g. 1.. County residents likely will a penny out~of their: po~ ket. many residents Some llocal j ding and.man~ of its pro- - be asked to approve. another ects, ,it_ currentl is not a People.drop pennies on the officials have since theorized multi-jurisdictional housing tax increase this November. ` floor all ..day long and :don't residents are "taxed out" on authority: It's;'working to '~'~~ But this one won't affect local ick .them u become that wa ,.. ' ... A8 property taz bills. ' P p• '. the idea of additional proper- y'. 'We feel this `is crucial tb ' ty taxes. During that same `That means asking the . - ;; ; Al ~ The Summit Housing.. our mission We hope the, cit :.November election, 'voters local town councils and coon= Authority (SHA) is askin for' - ' ... A23 g izens in Summit County will .also approved a . salQS -tax .. ty commissioners o partici- A24 an increase of .15 of 1 percent ,be generous enough to,:pay. increase of one-quarter of a . pate in a multijurisdictiorial in the sales tax, an amount . (that tax) to make sure we can cent to support . Summit authority; wlucli the:SHA will ... A25 that. would' generate about . address the lack of affordable County transit needs. do thisaummer.., If. they agree ... A26 $1.2 million .. annually - housing-for the working folks '. Ferris, said the SHA needs to jump on the''bandwagon, .. , A27 enough to make the SHA a- ~ gummiE County." the added funds to become the SHA can ask.voters for tax . , A27 self-supporting agency, con= The .SHA recently hired. a .self-supporting. Now, it is revenue. 86 time its . current. programs pollrng_ company to survey •,. funded by the county, towns • In addition to :;providing ,~,,,_~ and create ,more ,affordable- Summit...: County residents ;;and ak areas, ..with - the Programs that' benefit' low- housing .than it's capable of .,about potential -taxes Those.. authority picking up the income`'rentei•s and .,.first= 6-20- doing itow. surveyed were asked if:fhey remainder of the tab. Buf time _homebuyers, the SHA 30-38 The tax amounts to a would- support .'a property Ghat joint #unding agreement works to buy land on which penny-and-a-half out of tax, an impact tax -such as ends with this calendar year. it ;can build affordably `7-~ ~ someone's pocket when they . anew construction. fee - or The SHA :still is, a few 1?rieed ptolects,,: That's an make a $10 purchase, I FP3 "said .added sales tax. Sales tax:got steps frgin getting that ques- SEE HOUSING, PAGE A2 ~~ ~ HOUSING: Cost of land and construction kee s ` rices hi ,C0 FS(W43 P P g bea`'~ Flom Al money for the new development or The state, through the HUD federal +ct,~m~, of acquiring existing properties we've been.. funds; will only .go to a maximum ~of rdtagts assx „~• pretty much locked out of the ability to -about $8,000 per~~unit. So we need,the °f """'~ I i programs with which it has always strug- do because of high land and construction subsidy money to accomplish our min- gled,. Ferris said, and one that could be costs." sion." R~ ~ ' , solved with the funds provided by the Gibson Heights, an affordable housing ' In addition to asking the councils and ~„°,~ ro osed sales tax. p p project now under construction in Breck- governments ;to sign onto a mult1luriS- "0! f~.'~sy'~r + . "Because of the hi h cost of land and enrid e, was realized onl with a $1'mil- dictional housing authority, Fems plans Summit Dally g g y f the Surrim't ~' COAStrtlChOn in Summit Cotmty, our lion subsidy from the town ~ of to spend the next few months educating -'~ may t~ hands are tied in that we need more sub- Breckenridge. local residents about the SHA's programs dthe corurn[ unmet oar, sidy money to make projects work than "That's a lot of money for 40 units," he and its mission. `'Hreanaiai~ What is available traditionally through said. "We've identified it takes from Jane Reuter Cari be reached at n~r;° the state and the feds," Ferris said. This $10,000 to $40,000 a unit to build truly 668-3998, ext. 229, or by a-mail At ... , tax increase + "would • provide subsidy affordable housing in Summit County. .lreuterQsummit daily.com ,~, ,; PUBLIC NOTICE COMMISSION ON SPECIAL EVENTS REGULAR MEETING TOWN OF VAIL Vail Municipal Building Council Chambers 75 South Frontage Road, Vail, Colorado SECOND Tuesday OF EACH MONTH, Following the monthly meeting of the Vail Chamber and Business Association (Approximately 10:00 A.M.) Monthly agendas containing topics of discussion will be posted monthly. Pamela A. B dmeyer Assistant Town Manager ~cc: CetA,u-~- ~.~?' ~.~ June 15, 2002 The Honorable Ludwig Kurz City of Vail 75 S Frontage Rd. W, 81657 Vail, CO 81657 USA Dear Mayor Kurz, Thank you for your continued involvement and commitment to Sister Cities International (SCI). The need for global understanding and friendship has never been more important, and we are proud to have your community as a member of SCI. Now more than ever, your SCI membership empowers your community to build strong and lasting partnerships, while continuing to provide you with customized assistance and a variety of practical opportunities. Your organization benefits from experienced SCI staff members, as well as opportunities to participate in programs initiated at the national level.~~ Your community will have access to an invaluable information network through SCI's Web site, www.sister-cities.org, featuring the International Community Resource Center (ICRC), offering instantaneous translation, afund-raising search engine and much more. Furthermore, you will continue to receive SCI News and the Report to the Membership to keep you updated on sister city projects and opportunities worldwide. Your membership dues allow SCI to develop and expand our capacity to meet your community's needs. Enclosed is your community's membership invoice for 2002. Please note that your invoice reflects the dues increase as approved by the'SCI Eoard of Directors and announced to the membership in the September 2001 edition of SCI News. If you have any questions regarding SCI or this invoice, please contact Justine Morgan at (202) 347-8639 or jmorgan@sister-cities.org. We thank you for your support of SCI and we look forward to serving you and your community in the years ahead. Thank you.. Sincerelyly`ours; .. ~ ~ - . , . . _ .. , ~ - . ~ ~ ~ ., . . Tirri Honey ~ _ .. Executive Director Honorary Chairman -President of the United States 1301 Pennsylvania Ave., NW • Suite 850 • Washington, DC 20004 • (202) 347-8630 • Fax (202) 393-6524 • www.sister-cities.org Annual Membership Dues for Year 2002 Bill to: NAIL CO City of Vail 75 S Frontage Rd. W, 81657 Vail, CO 81657 USA Customer ID: Invoice Date: Due Date CO-NAIL 6/15/02 7/15/02 escri tion Amount UES BILLED 130.00 Total Invoice Amount 130.00 Payment Received TOTAL 130.00 Please return a copy of this invoice with your check payable to: Sister Cities International, Attn: Membership Accounts T~ixk r'vu Gra~ci,~s Gn~,~cd. Danke ,ire ,~1e N` AS~NlE f~4N~9 Honorary Chairman -President of the United States 130.1 Pennsylvania Ave., NW • Suite 850 • Washington, DC 20004 • (202) 347-8630 • Fax (202) 393-6524 • www.sister-cities.org Vail - - ~ ~ U~.l~a Chamber Business ; Association 241 South Rontage'Road East Suite, 2 . • " phone: 970=477-0075 Vail, Colorado 8165.7 fax: 970--477-0079 ` email: vcba@vail.net Vail Local Marketing Board . 75 'N.'Frontage Road Vail, Colorado 81657,,' June 17, 2002 Dear VLMB: : Due to-an oversight, John Cogswel-l's name was not listed as a member of the newly. formed VCBA Marketing Committee. Please.add him to the list-including Guiqui Hoffman, John, Gorsuch, Luc Plos, Dale Bugby. and Kaye Ferry.. Thank you, Kaye. Ferry President cc: VLMDAC XC ~ CM~.u,~..L Vail Chamber & Business Association PRESS RELEASE: June 19, 2002 241 South Frontage Road East Suite 2 Vail, Colorado 81657 phone: 970-477-0075 fax: 970-477-0079 e-mail: vcba(~~~i,vail.net Robb Chiles of Lakewood has been hired as the Director of the Vail Chamber & Business Association. He started his first day of work Wednesday June 19`h 2002. Robb graduated from the University of Kansas with a degree in Public Administration. He is also a graduate of the United States Chamber of Commerce Institute for Organizational Management that provides specific training for Chamber of Commerce Directors. He is currently working on the Chamber Executive program. Robb's work experience includes serving as Assistant Director for the Cherry Creek Chamber of Commerce, Membership and Communication's Director for the West Chamber Serving Jefferson County and Executive Director of the Logan County Chamber of Commerce. Robb is a native of Lakewood, Colorado and his wife Aubyn is a native of Fairplay, Colorado. Aubyn is currently the Assistant Manager of the Residence Inn Hotel in Boulder. Robb and Aubyn will be moving to the Vail area on July 1 S` with their seven- year old son, Zac. The couple is expecting their second child in September. As Aubyn said," it's like a dream come true that we can raise our children close to our families and in the mountains of Colorado. We are all thrilled!" Kaye Ferry added, "We are also thrilled to have someone of Robb's background join our organization and look forward to an exciting future." Cho ~ ~Do~c~ ~; Sport~Entertainment ~~ l~e~ ark ~ co,,~le c~`~- cop~~es o~ a )e-I-+e~ a-~ ~~ ves `~ -~o ~(~-~ c` 1~~5f~(i-~~ ~eP,-es.~.~~-~-~--~e d~, ~~ S~ec~~l 2VeH~r co~..~,~.P P/e~s~ cal/ ~e ~~'f~ any q~,~erfi~nS <<t y7G~-/679/7,x /C6. /l~jGt.u~I~-S~~ ~7r~e~" ' Ph: 970.476.6797 • Fax: 970.476.6890 • 1000 Lionsridge Loop, Suite 11A • Vail, Colorado 81657 • ~ D o ~~•~ ~ ~~~~~_~ ~ ~~`~ S ort Entertainment :.. p www.gohighline.com 6/26/02 Vail Town Council: This letter is to represent my interest and willingness to serve on the special events committee now being formed on behalf of the Council. I am a founding partner in Highline Sports & Entertainment and currently serve as the Vice President of Operations. I firmly believe my many years producing events, in and out of the Valley, will prove to be a tremendous asset to the group. Highline is a leading provider of sports and entertainment event marketing services. Headquartered in Vail since 1995, the company has created turn-key event marketing programs, sponsorships and successful partnerships with many of the world's leading brands. Highline°s high profile events have been staged at major venues throughout North America and have been seen by millions in person and through major broadcast media. In closing, please let me know if I can answer any ? s or provide additional information on myself and my company in assisting you in your decision making process. I can be reached at 476.6797 xt. 106. Best Regards, ~~_ ~`~'~ Scott McCormick Vice President of Operations 1000 Lionsridge Loop • Vail, Colorado • 81657 • t: 970/476.6797 • f: 970/476.6890 • e: highline@colorado.net f/i fA\~/_//i®\\~d/`~\®od//\\OD//A\\0///n\bVi~//.~\\v///~1~~ ~ `m~//~~v, r ~j~//O\\V!/O.\~ -. ~ ~~~'• , ', -~ + [ a O\l 9 ' / / G \\ V 9 // A \\\r! / / ~ V \ 7O L 1O \ O O 0\1 a '/ // 0 \\r b d 0 \\\b // 0 C A~ 6 / / ~ ~ l . \ ~ 9I / ~ \C @ S // ~ U M/ aV ~SG,~u-(~tw ~, Sport~~~~~ Entertainment www.gohighline.com 6/26/02 Vail Town Council: This letter is to represent my interest and willingness to serve on the special events committee now being formed on behalf of the Council. I am a founding partner in Highline Sports & Entertainment and currently serve as the Vice President of Operations. I firmly believe my many years producing events, in and out of the Valley, will prove to be a tremendous asset to the group. Highline is a leading provider of sports and entertainment event marketing services. Headquartered in Vail since 1995, the company has created turn-key event marketing programs, sponsorships and successful partnerships with many of the world's leading brands. Highline's high profile events have been staged at major venues throughout North America and have been seen by millions in person and through major broadcast media. In closing, please let me know if I can answer any ? s or provide additional information on myself and my company in assisting you in your decision making process. I can be reached at 476.6797 xt. 106. Best Regards, Scott McCormick Vice President of Operations 1000 Lionsridge Loop • Vail, Colorado • 81657 • t: 970/476.6797 • f: 970/476.6890 • e: highline@colorado.net MEMORANDUM June 26, 2002 To: Vail Town Council Bob McLaurin Pam Brandmeyer From: Sally Lorton Re: May Sales Tax Attached please find the latest sales tax worksheet. I estimate I'll collect another $22,500.00 in May sales tax to bring May collections to $397,640.00. If so, we will be down 3.27% or $13,462.00 from budget and down 11.29% or $50,594.00 from May 2001. As you review these numbers please keep in mind May is our smallest month. Town of Vail Sales Tax Worksheet 6/26/02 % Change % Change 2002 Budget from from Month 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 Budget Collections Variance 2001 Budget January 1,713,091 1,709,654 1,855,364 1,805,707 1,894,597 1,935,782 2,052,569 2,115,359 2,066,459 2,034,529 2,210,547 2,025,942 2,071,964 46,022 -6.27% 2.27% February 1,737,343 1,780,568 1,828,766 1,814,495 1,816,107 1,993,389 2,089,673 2,153,121 2,021,486 2,223,670 2,366,321 2,169,546 2,280,316 110,770 -3.63% 5.11% March 2,051,820 1,977,995 1,988,090 2,250,656 2,139,298 2,240,865 2,580,992 2,368,077 2,415,202 2,545,573 2,568,871 2,355,387 2,679,172 323,785 4.29% 13.75% April 616,648 691,163 864,303 794,668 791,092 966,993 874,427 1,107,334 952,843 926,771 1,043,431 955,952 847,541 (108,411) -18.77% -11.34% May 250,809 268,000 257,248 287,315 324,681 318,920 329,783 382,718 370,864 388,121 448,234 411,102 375,140 (35,962) -16.31% -8.75% Total 6,369,711 6,427,380 6,793,771 6,952,841 6,965,775 7,455,949 7,927,444 8,126,609 7,826,854 8,118,664 8,637,404 7,917,929 8,254,133 336,204 -4.44% 4.25% ry p ^'9 F June 468,948 468,598 475,161 548,820 590,685 594,907 630,366 633,400 692,811 721,774 751,439 688,454 July 737,288 742,750 811,538 892,830 893,483 963,717 1,043,637 1,107,882 1,130,883 1,235,470 1,157,867 1,061,543 August 761,992 767,257 825,954 891,566 867,125 990,650 1,073,430 1,183,926 1,050,004 1,038,516 1,124,275 1,029,162 September 491,684 485,954 560,535 725,205 645,902 630,453 637,831 735,608 806,600 817,313 747,766 684,231 October 324,802 367,578 400,525 408,405 461,791 413,573 472,836 515,531 536,204 " 547,201 486,570 444,891 November 428,086 497,907 553,681 594,491 611,147 601,208 707,166 656,596 582,260 691,445 571,783 523,732 December 1,691,775 1,846,223 1,974,553 1,992,855 1,994,540 2,068,851 2,254,709 2,070,834 1,883,805 2,062,205 1,933,940 1,728,878 70, eke ~ Total 11,274,286 11,603,647 12,395,718 13,007,013 13,030,448 13,719,308 14,747,419 15,030,386 14,509,421 15,232,588 15,411,044 14,078,820 8,254,133 TOWN OF VAIL BENCH DEDICATION PROGRAM Recognize a special person, an achievement or an occasion by dedicating a bench within the Town of Vail. Individuals, families, organizations, or businesses may enroll for a standard town bench, with an engraved brass plaque on the front. The cost of the 10-year term for each bench is $2,000, which includes the bench, engraving, and annual maintenance. All bench text, and font styles are subject to review and approval by the Town of Vail as determined by the Office of the Town Manager. Bench plaques shall not be used for commercial or promotional purposes. Suggested appropriate text would be: Dedicated to "...", In memory of "...", In recognition of "...", In honor of "...", With loving memory of "... ", Sponsored by "... ", Brought to you by "... ", and so on. To reserve a bench, please complete the section below and return along with your check or credit card information to: Town of Vail Attn: Pam Brandmeyer 75 South Frontage Road Vail, CO 81657 For bench locations or additional information, please contact Pam Brandmeyer at the Town of Vail, (970)479-2113, or pbrandmeyer@ci.vail.co.us. NAME ADDDRESS CITY/STATE/ZIP TELEPHONE PAYMENT METHOD: CREDIT CARD TO BE USED (circle one) CREDIT CARD NUMBER MASTERCARD/VISA/DISCOVERY EXP.DATE CARDHOLDER SIGNATURE ENGRAVED MESSAGE REQUESTED (approximate size: 6"x2") f:mcaster/bsalter/formatlbench dedication program MEMORANDUM TO: Department Heads FROM: Robert W. McLaurin, Town Manager DATE: June 26, 2002 SUBJECT: Acting Town Manager I will be out of town Friday, June 28, through Sunday, June 30, 2002. Pursuant to Section 6.2 of the Town of Vail Charter Pam Brandmeyer will serve as the Acting Town Manager during this time. Please see Pam if you have problems or need assistance or need to reach me. RWM/mc cc: Vail Town Council Lorelei Donaldson, Town Clerk f: /bsaltermanagermemoactingtm XC: THE VA1L DAFL~(-970.J49:0~55~vaildaiiy:com Wednesday, June 19, • 2002-Page-A3 Avon buses to start charging fares By Matt Zalaznick DAILY STAFF WRITER Avon's buses will only be free for about another month-and-a- half. Officials say they realize that the move to start charging $1-a- ride , in August will upset some riders and drive others away, but funding the free transportation service is gouging a $270,000 crater in a .town budget that's already spending $400,000 more than anticipated. It's one of several steps the Town Council has taken to bal- ance revenues and expenditures. "We either have to charge fares or cut service," Mayor Judy Yoder said last week. Drop in income The town is spending $270,000 to subsidize its free bus service. A 12.5 percent drop in sales taxes revenues in April, and a 3 percent drop for the year com- pared to 2001 are compounding the worry for town officials scrambling to stop the bleeding. Five years ago, sales tax rev- enue was jumping by 10 to 12 percent a year. But over the past few years, growth in this revenue, like growth overall, has slowed to about 3 and 4 percent a year, town Finance Director Scott Wright said. The plunge in this year's sales tax revenues, which funds much of the town's operations, is lead- ing .to predictions of no growth at all for 2002, Wright said. But Mark Strickland, part owner of the Avon Bakery and Deli, said he's been busy because of a strong local following. "Our business has been pretty good," Strickland said. "We have a good local following, so our business stays pretty steady through the course of the year. We don't have the ups and down the resort-oriented businesses have:' Councilman Buz Reynolds said .the best solution to the decline in business in•an economy entirely dependent on tourism is "snow." "I'm not seeing people in the restaurants. I'm not seeing as many people here," Reynolds said. "Until the country feels more comfortable and we see lots of snow, we're not going to see these problems go away:' Some local business people are optimistic that sales tax revenues will pick up again. "There was a little bit of lull, but we've been doing OK. It's been pretty steady," said Jon Holland, assistant manager at Mojo Music. "We've been doing enough to get by. Of course, our busiest months are December and January and we've been doing some days in the off-season that we usually don't get until the win- ter." Fares to ride Starting Aug. 1, the fare for the town and Hurd Lane shuttles will be $1 a ride. The fare will be the same for the town's skier shuttle in the winter. But riders on the town and Hurd Lane shuttles will get a dis- count that skiers won't. . Council members said .that because more locals ride the town and Hurd Lane shuttles, they will be able to buy coupon books that will give them 20 rides for $10. "I'd like to see the skier shuttle stay at a dollar and do the coupons for town and Hurd shuttle," Yoder See Avon buses, page AT 1 Rejected material tax idea revived By Matt Zalaznick DAILY STAFF WRITER the taxes are paid - in cities like Denver or Glenwood Springs. "We have to figure out a way to keep more of our taxes in Avon," said Councilwoman Debbie Buckley, who has sup- ported putting the use tax on the ballot. One of the few places . builders can avoid a sales tax is at the lumber yard at the Edwards Building Center, which is in unincorporated Eagle County. The county does not have a use tax. Council members in August scrapped plans to ask voters in last November's election to approve a 4 percent use tax. Some coulicil members didn't support the tax, and others See Tax, page Al l A tax oIi building materials narrowly rejected by Avon council members last summer has returned as an idea, now that town is struggling with a mid-year budget crisis. Home builders and other. developers working on proj- ects in Avon currently pay a "use tax" when they buy con- struction materials, such as bricks or lumber, in many other Colorado towns and bring them back to Avon. By imposing a use tax in Avon, officials expect they could recover the estimated $1.6 million the town loses every year when construction materials are bought -and THE VAIL DAILY 970.949.0555/vaildaiiy.com AVON BUSES .said. Councilwoman From page A3 Debbie Buckley said she thinks the skiers -most of whom are tourists -should bear all the cost for the shuttles. She said there should be no charge for the town and Hurd Lane shuttles. "No one's going to ride the shuttles in the sum- mer," she said. "When people are on vacation, they're already spending a gazillion dollars. What's another $2? I think the skiers should be charged more than a dollar and we shouldn't charge on the town shuttles." Newly sworn-in Councilman Brian Sipes said he worried that charging for buses could take cus- tomers away from Avon's Businesses, some of which aze struggling for shoppers. Charging fares will trim the ridership . on the skier shuttle by 25 percent and cut -the number of riders on the other shuttles in half, Transportation Director.Larry Taylor said. But buses aren't the only place the town is scrambling to save money. Several vacant positions in the town government -including an empty police officer's position - will be left unfilled. This hiring freeze should save the town about $163,000 in salary and benefits, Wright said. , In other cost-saving measures, Town Manager Bill Efting has also asked each of his departments to, cut costs by 5 percent. Efting had a gloomy predic- tion if business in town doesn't pick up. "We're still fine, but we're not great. We have to come back at the end of August to see if the deficit in sales tax turns around," Efting said. "If it hasn't changed by the end of summer, we'll have to go to drastic measures." Matt Zalaznick covers public safety, Eagle County Courts and Avon/ Beaver Creek. He can be reached at 949-0555, ext. 606, or by e-mail at mza- laznick @ vaildaily. com. . TAX were confused From page A3 about how it works. But as the town looks forward to The Home Depot opening in Avon in the summer of 2003, sup- port for the tax seems to have come back strdng, even from- council members who opposed it last year. . "Someone else is doing it and someone else is getting the money," Councilman Buz Reynolds said. In August, Reynolds said he probably would not support the use tax but would vote to place it on the ballot for residents to decide. The Town Council dropped the idea before voting to put it on the ballot. The council would likely have to mount a strong campaign to persuade voters to. approve the tax. Earlier this year, developers doing work in Avon revolted against a "compliance deposit" the Town Council had imposed to ensure that builders follow their blueprints and finish their projects. After a few months of debate, angry builders eventually persuaded the town to repeal the deposit. The use tax would require a resident who wants to build a home to pay the tax before being issued a building permit by the town. When the resident sub- mits plans for the home, the town would estimate the cost of building materials necessary and assess the tax. The resident would pay the tax and get a certifi- cate from Avon. The certificate would show the use tax had been paid so the resident doesn't have to pay the tax again when buying construction materials; in another city. ' )1~ May 29, 2002 `~Le~/~ North bake Ta business • . _ A match made in Heave y By Susan Wood workers, which peaks at 1,600 ping .Heavenly. It was like . BONANZA NEWS SERVICE in the winter. playing with one hand tied "We may shift responsibili, behind its back," ..Roberts "Charming mountainfixer- ties, but I can't see it running said. upper with fantastic views of with less employees," he said. On the other hand, ASC Lake Tahoe and world-class In .line with a national made,.a major investment' skiing right in your backyard. trend, Vail would like to posi- with xts $25 million gondola, Motivated seller. Make offer. lion Heavenly as more of a which opened in December Heavenly Ski Resort didn't four-season resort: Heavenly 2000. The gondola stretches post an ad as its owner already has opened up eight 2.4 miles, carrying eight foundered in red ink. But Vail miles of terrain to hikers and skiers-per car from street level Resorts knew a deal when it is considering whether to use at 6,200 feet to 9;100 feet ele- sawone, picking up Heavenly a natural rock amphitheater vation. for a net $99 million. Five for summer entertainment. Next to the gondola, two years ago, American Skiing Plans are also .coming giant redevelopment projects Co. paid a combined price of together to hold guided U.S. are;;. ,taking shape. The $288 million for Heavenly, Forest Service hikes, establish Marriott Grand Residence and for Steamboat in stargazing venues and erect a Club and the Marriott Timber Colorado. climbing wall on the moon- Lodge, worth a combined Since then ASC has fallen taro. $220 million, are scheduled on hard times, with its stock John Wagnon, Heavenly to open in November. Within nose-diving to 29 cents per vice president'of marketing,. walking distance of the base share. before getting booted said his new employer is "tak- of the gondola are thousands from the New York Stock : ing a wholesale look at all the , ' of .hotel rooms and casinos, Exchange in March. In the opportunities and making including Harrah's, Harveys, past year, Vail Resorts grew its minor adjustments." Caesars and the Horizon. portfolio by $225 million; ASC Even with the planned "In the last five years, lost nearly that much in the improvements, Vail Resorts :Tahoe.. has begun a. serious same time span. will have its hands full. There program in terms of attract- With the deal closing two are a dozen alpine ski resorts ing the destination traveler," weeks ago, Vail can move for- .within an hour's drive of Roberts said. "`T`hese pro- ward with plans to upgrade Heavenly, including Squaw grams are now bearing fruit:' Heavenly with new chairlifts, Valley, site of the 1960 Winter Vail Resorts has been better restaurants and Olympics. A few hours south, warmly welcomed by the expanded services at its Mammoth Mountain has community, including the lodges. The company has become increasingly city of South Lake Tahoe and pledged to spend $40 million assertive and Intrawest is businesses at Stateline across in the next five years. .~ building three new neighbor- the Nevada border. Even Vail Resorts also owes Vail, hoods. other ski areas are enthusias- Keystone, Beaver Creek and Heavenly started out with tic. Breckenridge ski areas, all in modest beginnings. The "In general, the overall feel- Colorado. By picking up a Bijou Skiway, as it was called ing is it's a great thing," said California property, Vail offi- in the late 1940s, sported a Katja Dahl, Squaw Valley's cials can diversify their rope tow that took skiers spokeswoman. "Great for • income and thus lessen the 1,000 feet up. Today, Heavenly. Great for the • impact of a poor snow year in Heavenly accounts for 28 region. It can only help boost the Rockies. percent of Tahoe-area skiers, skiing and boarding for the At Heavenly, skiers can hosting 846,000 skier visits region:' look forward to better and last year. Thd resorts draw a Megan , Waskiewicz, 'more consistent services. combined 2.5 million visitors spokeswoman for Sierra-at- Boulder Lodge, on Heavenly's to the Tahoe area, said Bob Tahoe, Heavenly's nearest Nevada side, and its adjacent Roberts, executive director of competitor, thinksVail's entry chair lift opened only inter- the California Ski Industries raises the bar for all Tahoe mittentiy this season as the Association. resorts. `,ski resort tried to cut costs. But Heavenly has the "We're excited about Vail . "It's no fault of the current largest mountain (4,800 coming to this destination. I ..management. The ownership acres), the .highest elevation think the changes are going was so financially stressed," (10,000 feet plus) and the to benefit the region,"' she Vail President Andy Daly said. largest vertical drop (3,500 said. Daly said Boulder Lodge feet).. Financial problems "We're very hopeful this will remain open throughout - :aside, those natural assets led will be a positive relation- . ~ next ski season... The`" Ski magazine to , ., rate.- '; ship," ,South Lake Tahoe s Stagecoach and California Heavenly as one of the top 15. ;Mayor Brooke Lame `said, base lodges will get a new resorts in the nation. though she knows Vail look with new paint, carpet With Vail on board, Resorts won't single-handed- and bathroom facilities. On • Heavenly's fortunes ,can only ly solve all the town's prob- the Sky Deck, a new restau- improve, Roberts said. lems, including affordable rant and more retail options "Vail has a great reputa- housing. "It's ironic. We ~, will be offered, he added. tion. Its involvement is a always said we didn't want to ' Daly believes Heavenly will tremendous boost because be another Vail:' ;' keep the same number of American Skiing was strip- }.%~. ,., , 7 t'^~ ' ~ . , s, ,,I I- ' ~ , , r: >' ;f ,. ~ ~ f v t .. Y.~ ~ ' ) c5 I ., ~ r 7 ,~,,, { ~ ~ k~ , ~ A r ! f ' l t I Y 11 ~ yN a ~' xi"~C~' t.` ;S ', ~ ~ . , ~ ~.i^ ~~f ' ~ } ~~ ~ t k"°~ ~ ~ !~ ~~ ~ ~ ~~ ~ ; -~~ , ~ ' Y I+73e_r M ~ ~ '- . it .. r`, y ,1~ i y ~ 6 } f/ .y~. i..1 ~. p"` 4 ~' I~( ~: Y }, n ~`~ ), ? yh Y , ~ ~.; 1...f ~ ... '\ I ',. \ .• ~ + ) i , 1 ~ ~~ 4 ~~"~ ~ , ~ ~ `~ + ~ :WE1?1~1DS UAY; ~ T;FJNE b 2a 0 ,1 '.1:, ,,~ ~~Ia la+.jt ~ 't u, ;. : ! ,.fit ; , , , :I~ i ~~ .,~ 11 ~- t f ~~' .~ ~~'(~'' t R 1 W 'W. ~YLfJ A tppr.>A< :~~~ ~,?1.~'S *Y~_ .~t~~4~ . ~,~ ;.;~~ II ~ "V .~trk~=ff~.~•rh,v ~~dY / ~ P ~ btu ~ L h A 14 A~ ( ~ ~'~ ~.~,x~~;v~,x('„~1i~4. ~r l ~%`: rates~cen'vai ~~ ~ f~ x i'- •F~ ,yeti ; a~~.~ . ~. ~' ti,. r' a' , , Mail of'Americ~ The Forum Shops;at , ` B~I;Har4gµr Stops ~ ~ , _ .~IOOI~I~~Q~(. MIfIf1~ •y d ~~, ~, a ~ ~ `- CaeSal'S ,. I ~ t} ~~ Ba{,NethOUr F78 ,: r ~ ` .~ rorg4aauts~Tnx:•6.b96 ~•z~+~ ~ Las Ve s Nev ... , +~ ~ } ~, ~`~' ", j~~ ~ ~ ,~ + ~ gt,roowsai.esmx: E3,596 .,, ~~ u ' an~ucoo B 8%statb~''i'~`'~"i' rvnusa~sraic 7 ~5%~, )~';~; .~'~ , k wN„ ) r eRenxoo-vH: A% state,~~96 qty:; ~" r ~ ~suuroet verwxltw oom ' ~ ' "' ~ nn~ownd 4 259b stab"g9G Cotirity ~'; I l .q, n r . ¢ , xr ~w{' s ~ ,.. ~ is.. :. d@ u l _ ) I' , f 4 i f,.F,T 7t_ a e•s. Tex I I. { n ~trr~~i~ ~~ T::; ... .. .. .... .. .. A .~ rrun , ~ , ~ Q n ~ Pract c ' ., . ,~•,f.~,,, ~ ~~, °r r , t {~ " 1. ~~~:I I ~ ~- ~• .~. .} ~ •~. ~ ~~'~ ~ ~d. '~'° J t Z1 .. x.P. .e Vi Y:~.,, ~ ., i' ~~ ~~ ~ 1~ ~~. Fri; , ' asecrxtLO~rt o~ f ~co ~~C'-CE(~ C'a~sts Spatlu,~~~ ~; ,,, ~ ,°.~rt of Ev' .r.: i'ngjZev`ies; •S`orne;States C'rac~kDbu~~ - - HaUtIH Dl'SGfiA~~EL1 and out of q. jop:,~gr „pastime ;i~derld, b~ Zb08?. iincq~gcCGd ~a1~s;a~d, ';: allegedly dodging New Yorks"State Sales use taxes will :ekCeed: S20 billiozlr according by a `,. ! "'taxes on millions, of:,dollars,worth~of:~ai~, i;`Uni~ersity of T~nnessee:'sfudy;:'1~21chlgap atoge ! i . , . '!Pyco'Internatlonal's L be~ini~ $ozlowski can:take,,, ;, expects to miss.oylgn asxntich a9;~Z39 milll'on•this ~ : " . comfort'in,this: FIe's nQt,atonq j: , ,, ', „~,• : 2, :fiscal yean:While `Mr. i~ozlowskty&'alleged #ran •U ,Atatit~iewhen`state;tax.revetiues;a~eruan~ttg ,gressiotis~were,unusually`.aggresslve he=1"s-a~ '~~' i exacerbating the, pro .,. sates` to 11% ln`the,' ilea-tax avoidance - `. all over,:the c6ur;try S,cused; a}pigng other things- of emplgying~ fail by regularly.looking /invoices ~tid shipments of empty°cartons to avoid ~lnore. "tham . $lt~' m111tSn~,~,;-~sales'•-taxes `ott~"+art kQ~N~ anal .Anrt ~, ~.4w°Tk plenty of, btlier ~ people are evading sales , taxes on a'. st~aller'scale, ' °~ ~ ~ ~,h g r 4i,;"~t~tat a!~;Yew weekStago},,a~.wa11~11e'~ied'st~opper ~ 'f "" A ),.frptt~~,Mexico asked~:Dallas jew,elex Charles~:Teich ~ ": ay ~~#--e a6~ re~i~ter ,', ~an•to slip an,,ertlpty box ogt:of,tlie cpuntryso the ;.,, °. p~ T,80~ tax jurf odic ,, I r sligpper could avoid mote than E500 in sales tax.on ... ~~ i 0°/n ~1t$fye dif#erient, ~,, a,$7,;000 purchase that,liis~ significant other wanted ` • ib, Ala ;Thai, tuz}'~d ,~ .fimmediately~ ~"Zt's a guy. thing,": says' Mr. Teich ~thingz o,~ ~ ~liutlonul , .roan, : owner of ; a store ,,.called Ylang Xiang `: "~' ~~,, ~'`t'`W,ortien wait instant "gratification., Guys look at it t~~, ,"re strictly as,a business deal.~~ , » , ~ , Mr. Teichman says he will gIadly,:pay shippin • ` aiid ;insurance • t0-; ~ send-~~w4teut' of"§tat~" 30 `.customers can avoid paying.the'8i25~~tax, "even ' ;s, ''' •, ' ' "though he knows some will 'Ship.it right baclt to . -Texas. He considers. such maneuvers the'custom- . ~.ers' transgressions,'not'his: But.he.deems ship ~ " I ping empty jewelry ca§es beyond the pale,;,, r ~ ' ~ ' r( x~~,;~;;;lales-tax, avoidance- isn't. just: the .province ;qf, x1Ce'~T}ch, PQF~~rnany ordinary= citizens hop acvo~sR " 'state ~liorders„to; shop." The exploding.popularity of ,~, , t,catalog:;companie$' and online retatlers'~has also :.', ` made it easier, Poi•;consumers.to escape taxes on, •.,.. •'- everything #rom inexpensive, books to fancy com ~; `' puters:' Mail-ordet~. retailers °:generally don't im • •pose,saleS, taxes',pn items shipped out of. state. ~:, ' 'Consumers:steaegally required in; most states to '' ,,~- :spay so-called use taxes'on those purchases, but .:.> '^ ~~ most consumers;don't bother,* :. ~ ° r';' The states feel cheated;=and~ahey are~er~sldng • down.gn sales-tax dodgersas~best they can. A~ ,• ' doien states now'include;a line•pn their, personal-.; income tax forms'for.individuals.to declare their ` use taxes;.siX otheFs provide residents's;separat<e:',-' • Porm to declare and pay .use taxes, Connecticut ;, -` ,, ' "-'has what'.'amounts to a bounty; System, Known' as': • : , : ~ .' "Operation Equity,", it asks that'•when other states ~ ,` ~ ' Plebse Turn to.Page.P2lr;Column 4 ~ , ~~:;;r~"~ .......- -- ._ _ .s.. - ~ alcs~~'aacx~I~idc~e+n~ ~'a~~ge~s Common'.Fr~actic~ . .. ~s, t 4 i ti ~ r. c 'Continued From i~age'Dd ~ , ! t; , , ., ;., ~ . , ~~ audit 'local busitlesses, they. pass along ' : ` _ ' ; .. , , ~, , y ,,. ,: ~narnes of custolxlers~,.who have's~iipped ,The Art.o`~'~~b~) haying ,Ta~e8' , :, ; ; . • ,big-ticketatemslike computers, furniture ~ .. . •, „ , • . ~ - and:a,rt lyack tb!,Cobrie'cticWt. The" strttes ~ States rely on sales tax fora big~chunk ;And states arre going aft8f` , i With Goilnecti- of their reVenUe but s81AS+t8x receipts involved sp7it;thdl't~ac ~18,ti1 ~. `tr~x;dodgere `~ ~~ ' ~ ' , Cut , . ~ are tailing off.:, ' ~ ~, ~,:, r r y 4 , -r~ .. ' « ~ ~" °`~ `""` ti~ ~ t , Hard to Get'Caught '~ ~ Hollywood produces Ted'Flel~: illi i ' 6 $2 ~'° But.such :efforts have yet,to ,pay off `. ~,~,y~+~, ~,'tilndis~d,~ai~Owmg t`? ja>~Tt~ce~prs . ~ ' ~ m on n ~ Failed to pay . ` Californig state taxes;orl $;19,million ~ t~ ' ' much, and most experts say"'chances of ~ ~ ~n6ti!'dos)- ++ ~ ' "x ; .of.Italian.paintings;fined'$250;000. ,, ~~. u" ~~ 175 ~` - •.bein cau ht are"slim at'best. "I dorit • . ~ ~ believe average citizens ha~e'fo' Worry,' ~ ~ ~~ ~~ ~~~r_ ,£ „~' . ' ' ~ ~,Penthotuse publisher Bob OucclorN , ' ~ ' ',~ 150 i- ~ ~+~,~~ ' - , ~` ~ ~ °, i 'says,James Wetzler, former•tax:commis-;I' ~ state taxes on . , , Didri t pay;~Ngw York I •sioner for. New York. He"says that while ~` ~ ~:, -Yj:~ .,. ~ ' State sales ~, ~ ` $3ai milllon~wSrth ~of.8rt charged ` i estates are-using :far more Ynformatlori '~ s :~ ~ fir` -y~r'c'[ariREmiptY ~ '~ _ ~ ' ~ ~ ~ 1 ' { ^ $478,000 plus penalCles,end ~ ~ ~ r ~ 1n bllNbYi9- i. show to track evaders; `such efforts- are F ~' ~ ~ r ~~ ~"~~~'"'^' r ~: lik l t t g t thi th th Interest ' " ' ` '~ 1 I a',• '' "` "~, '^''^~ t ` ' i ~ r tm e y o ar e any ng•o an ~ er io0 ~ •4 h „ ' ; lanalre~Donald ~ren~' ~ Callfa~rnta fl7 x~ ;~{#,,~ ases. ~ ,, , ..,,Y~, ;~ , large purc ~''~' South Carolina, for example,. has con ~ '~4 ~'~~: -~" ~;~ ~ ;< -ducted overthe few years one of the most ~~ 5 , , ,Failed.to paly California state taxes ; , on $20 milii'oh worth of arltwork ~ ~ , . 1 ' "°'"°'~`''~"° ' billed for $2.6 million. " ~et citi • I,_ aggressive educatiori:prUgramsao. 1991. '93 ',9~ 9Z '99 'Ol .. ' .• . ~ ~. i :zens to._ paly us¢ taxes::~But that ytelded I,~ Ceneue 6ureeu ~ t ~ ,'soun;e: u S ` ~ . , , . ust an extra $51.4;7I.5~ in 2001, com aced ~'j P l •, ~ :,: ~ , , , ~,ito total. sales and•,use.taxes' of nearly $2< , rI l' , .. Up? '~a~• S~~C~ 'How Do~s;af~~lr:'$~l~t ~ n . ~ , , . =, -••• , ~ ;»,Lr±, .>. 1',bilho ,~'~. The~state efforts leave a•lot~of room to : Sales'.tex can vary by city, state and `county. Here"s a breakdown for same big ` .maneuver.; Bill TOtzke, ~ 38 years. old; re `shopping centers natlonwltle ' ' anew home onlit}e Gently f rnished) an~ ~ ~ : ; •: ,,;' mrAt ~ ~' s roMslNEa ~ ~~ -7gXeREalioowN ': ,, , u . . ,. . , , , ntrst~mate§ ~that,he'saved hundreds of dOl F ~ ;SHOPPING CENTERS/IoCadon ~ SACESTAx RATE' ".; STATE ~ : 000NIY CIIY, , ' r ,, 4!iara in, Illinois state and localsales taxes, ~.; Beverty Center Los Angeles ' , ~ , '~ :! ~ 8:25% ,:. _. '8.0096, . ~' ~, 2:25% ,, ~. `= :which,,top•8%; Amongahe:Chicago:execu : ;, BBtmare hbeniz ~' ~; , Fashlon Park P ` 8:1~ ~ '5':60 ~ ~ 0.70 x,80 ' '' , . Sur ,r , a ^~tivelg'• online ;purchases: a $1,600 ~. - ~irotmd ~~Sound' system with `speakers. and 'Charleston Placq Charleston, S.C 6.00 5 00 ~,~ nt,~0: y,~l,,;, ~,-,;, ' -stands., (that saved him '$132 tin ;.sales ~ . a~ Cherry Creek, Shopping Center Derner -~' y~'~- , 7.20 ~. `r 2,9Q P~"0 80 ' 1 ~ 50 ,~staxes),, and $3,500, in Persian rugs..(tax savings: $288):.Over the past'few~years, 1 Columbus ¢Ity Center Columbus,'Ohlo ..t ~ u+~o- f ~ t~~~~r, ry 9.75 ~ 5.00; ~ ~ p~75, r r `, 2'!r;~ , ' he says his sales=tax savings ,probably`;,` I(log of Pruasla.Mall King of Prussia, Pa? '` 8:00 ; '~ 6.00. rm ~ ~-:~' ' ' ~ -,- ~~reach into the thousands of dollars, and he has received free ship me Mall'at Short Hills Short Hills; NJ. :,sn most cases - 8.00' 6.00• ' ~ - i ~ ~ 7~.,, ,. ping too. '. ~ •~ ~ . •rysons Corner Center McLean; Va. 4.50 3:50 ~ 1,Q0. J< = , • "The state gets :enough of. my ,axes ~ Wgodhury Common Premlum'Outlets, ' " 4 "7.26 4.00 ~ 3:25 through; my paycheck and all, he'says ' .Cen4ral Valley, N.Y. ~: ' ; ~ "' ~ ".' Mr. Kozlowski isn t .the fiisthigh-prd- file'businessman to.get targeted.' If. Con ° ~. source: VerterJnc.cem. , • Ndte: Some'-teme may De exempt from tax' ~ victed,.he woWd join a'growing.list of ' "~ ;.,:. ~ ., =for exam le during the 1980s lth l • ht~ t a in • `emergin th w ': I;. ' .~ ; ' '. ;; ..,: ~ one Helmsl st $ few ears later in , J p y peop e no p y g g o er ea ¢aug New .York merchants .. I taxes on pricey artwork, including Holly- when a series of y , , ey. u •199.3,. three prominent. Palm Beach art,: , ~' wood producer Ted Field, Penthouse pub. t=were nabbed for such scams., Dubbed Op.: ,; dealers admitted evading, ,more than` ; ., ' _' fisher Bob Guccione ,and; California bll = eratlon. Big Ticket, that case represented , Shipping ... •, , .. . $500,000 .`,iii Florida tax@s klY iionaire. Donald Bren: Just three months a' rare instance of .state authorities tak , empty boxes ;; '; , ~, ~ , , .,:.ago, businessman: Michael.A.,Price was ing a,comprehensive_stab;at the;problem, .'; , Past ,'high~p'rofile„ease, .have'. made - ? ;forced to pay Washington state $442 000 ::,Unlike the, Kozlowski case,. the authors- .. ~_ .some luxury?retaileYS mare reticent to - ,; in taxes,. penalties and interest on a Gus tses, went after the retailers not the tax ~ Iie1p shoplieFs' cheat, "though many. Gus,` •~ .tom-built; ;73-foot yacht thathe claimed dodging customers , : •., ~ : tourers Btill ask. Matthew" Trerif,' a>.Dallas 1 to have bought,for $690,000 but that.act~~ i° ' The; .results, .ware „ey,~-popping; for ` :jeweler;aays~many'clients assume theyi;~ ' ' ;.ally. set him back $3.2 million. , " - .'among those,implicated in pretending to,. : won't have'to. paywaxes and~ask him all 3f~:," Sales-tax evasion is of particWar,con~ .~' ship goods out.of state were some of the : ,: the:timeao ship ernpty,;boxes ",The prob- "' cern in Washington 'state, .since at bor , bigggst names. in luxury, retail and. their ; ' lem is "a lot of`•the big `retailers: around ; ~~ ders Oregon, one .of five states without a' staffs; ;including Cartier Corp., the jew-,, here,.ara' willing to.db it,'so it;puts press' _ . , ,sales tax.. Washington,estimates.that it '.esry:~retailer,;al~d Chrsstie Brothers, the, :;sure.on;you;" he,.SayS;..but't}e refuses; . • loses about $80'million a yeae tn tmpaid : furrieF, ,The .case also~led-to the famed; ~,•; _ .','Sometimes,"~ Mr Trent adds,a`I just. s rsales'tax,, but;Mike Gowrylow; a spokes , ,tax=avbidance:convlctlon of hotelier Le ~ eat~tjle.a381es t~c'to make ,tho sale." ~: . ,'mari .for, the state.,Departmenf of Reve- r:~ `nue; says there's little the state can do to ~ ~___ ._ ___ ... ~ .__ .. _ _.__ __ _ - • - ---- ~-'-- ~ ; collect from most individuals: who shop, ~ , t' across.the bolder; "You can't put•spies in;. , `'the Costco p~rking,lot," says Mr. _Gowry=',, rslow.;"Nor.woWd people. want it."• :,;' ~ _}, Enforcing laws against'such.maneu- fivers is difficult: In'part, that's. because ~,SOme forms of state tax avoidance. are. ' ~ , essentsally legal.,: Under tw'o Supreme . ' , ~'~Court decisions, states lack :the, legal r, ower to collect levies.on many bona fide II,, interstate transactions. Many`state tree- , ' r~ ,, sury~,'and, taxation.:officials also say , a , ' large part' of the problem is .that resi- ' t dents don t understand their obliga- ;fions-and sn fact see skipping sales tax k as a legitimate way to wave. l Arizona Savings ''i ,Even'' states themselves aren't im- ~ mune to. the sure.,of tax-free purctases. '.`Last year;, the. Arizona House of ~ Repre- ~•~sentatives purchased 137 computer moni- i'tors from an'~ out-of-state company, with " ~ldea .it would save. some $2,000 its. ),'the , ''Arizona state'sales fax: But,the; savings . , :were short~llved,``orice House officials re= ' ' ali~ed'ythey, owed'~and later paid-state ,, ;..use taxes, Tliis' year; the Arizona House. , =passed ,.)sill `that'.woWd have put a line on the income tax' for individuals to de- ` ~clare use-tax; but that bill died in the ;:; `S'enate. , • ! ; The i$su8 has~been,around for awliile~,., • ~.~ Summi['Daily/BradOdekirk' Summit County first responders-evacuate an unidentified woman Wednesday afternoon after anacadent on ea"stbound Interstate 70 " involving asemi-truck and an'SUV. See story, page A3. . ten sled the ~~~r,,l^~-~~ `I-time ~. _. :.' ght for rAGE A19, • s sa . es ~ ax n~crea e- . the most support. lion on the ballot. • If the question makes it on -the November Summit Property taz was: just 'no 'A Colorado House Bill ~e said a ballot and is approved, flands would make- ' way. '- Ferris said. passed#his year enables mul- ;~;idents, SClmmlt HOU51ng AuthOFlt~l Self-SUppOlting Last fall, voters approved tijurisdictional ° ,~-housing } ~y property tax increases bene- authorities to' access'revenue Lyman fire, By JANE REUTER SHA Director Gordon Ferris: fitting the school district and streams, such as sales tax. ,, 7. The Sl11Nh11T DeVLY NEWS °We believe it's• ,a nominal, the. Lake Dillon Fire Protec- While the SHA' artners with therio SUMMIT COUNTY - reasonable request and iYs lion District, which signifi- several- jurisdiions on its County residents likely will not painful for anyone to pay cantly increased tax bills for'- funding and.many of its pro- be asked to approve, another a, penny out of their pocket. many residents. Some local jects .it, currently is. not . a _ tax increase this November." People drop pennies on the officials have since theorized multi-jurisdictional housing But this one won't affect local floor all day long and ;don't residents are "taxed out" on authority: It's working to p ec property tax bills. puk .them up. ~ ; the idea of additional.. roper- b ome that way:, . "We feel this'is crucial to cy taxes. During-that, same That means asking the ' A17 The Summit Housing.. our missior~. We•hope the cit- .November • election "voters local town councils and wun- A23 Authority {SHA) is asking for izens in Summit County will also approved a sales tax .. ty commissioners ao partici- .... A24 an increase of .15 of 1 percent . be generous enough to,pay. 'increase of one-quarter of a . pate in a .multjurisdictiorial in the sales tax,. an amount (that tax) to make sure }ve can cent to support . Summit authonty;'which the,SHA will ... A25 that. would- generate 'about address the lack of affordable County transit needs. do this:§ummer. If, they agree ... A26 $1.2 million ,annually - housing for the working folks Ferris, said the SHA needs to jump on the bandwagon, :.. A27 enough to make the SHA a. 'in Summit County." the added funds to become the SHA can ask voters.for tax . , A27 self-supporting agency, con The SHA recently hired. a .self-supporting. Now, it is revenue. 66 time its current programs polluig. company to survey ,funded by the county, towns • ~ In addition 'to ;providing ' and create .more .affordable- Summit „`'Court#y residents and ski areas, ..with. the programs.'that benefit low- ~~ housing .than it's capable of about potential taxes Those authority picking : up the income renters and ., first- 6-20- doing now. surveyed were asked if, they remainder .of the tab. -B.ut time homebuyers, the SI-IA 30-38 The tax "amounts to a would- support .`a:_ property that joint funding agreement works to buy land on which penny-and-a-half out of tax, an impact tax -such as ends with this calendar year it ;can build affordably _7-~~ someone's pocket when they anew. construction fee - or The SHA still is, a few priced`• projects,; That's an 1 f P3 make a $10 purchase," said added sales tax.. Sales tax *ot ste s frgin ethri that . ues- SEE HOUSING, PAGE A2 . ..,: b P ..... ...... ... g ... g .q ... ..,.: 9~ to HousnvG: Cost of land and construction kee s ~~ rices hi h CO 80443 . pp g 5s spa ~ From Al money for the new development or The state, through' ahe HUD federa] cnambe.'or.~:~_:..i acquiring existing properties we've been.. funds; will only~.go to a maximum ~of "`~ ass« : "s pretty much locked out of the ability to -about $8,000 per' unit. So we need. ahe '" `'~°'~'~ ~ programs with which it has always strug- do because of high land and construction subsidy money to accomplish our mis= Bled, Ferris said, and one that could.be costs." sion." ~ a ~n solved .with the funds provided by the Gibson Heights, an affordable housing In addition to asking the councils and ~, s~mmir proposed sales tax. project now under construction in Breck- governments ,to sign onto a raultrlui•iS- v~~sr ., "Because of the high cost of land and enridge, was realized only with a $1 mil- dictional housing authority, Fems plans ftheSurrimlt construction in Summit County, our lion subsidy from the town ~ of to spend the next few months educating t vart mag_br d hands are Hed in that we need more sub- Breckenridge. local residents about the SHA's programs R.Ihe crosent , ~ . unmtoajy ~- sidy money to make projects work than "That's a lot of money for 40 units," he and its mission. ;, ~ ai,a~ 9 what is available traditionally through said. "We've identified it takes from lane Reuter can be reached bf ~' -: the state and the feds," Ferris said. This $10,000 to $40,000 a unit to build truly 668-3998, ext. 229, or by a-mail dl , , , , , tax increase "would provide subsidy affordable housing in Summit County. Kreuter@summit daily.com ,~,.. ,.. City of Ast~en/Pitkin County EnvizomnentaI Health Department 130 S. Galena St. Asgcn, CO~ 131. (i 1.1, ~~~ TO: ~ Phone: )h arc Phone: ~~~ " ~{`l 4 ~ ~ ~~7 CC: Date: .l / ~~l ~~ ~-.~w Nuzn.k~er of pales inc;ludin~ cover sheet: I+'ROM: ~CJ Oliver Phone: 970-920-5439 Fax Phone: 970-920~507~ ~~-mail: c}o@ci.aspen.co.~s REMARKS: ^ Urgent For your review ^ Reply ASAP ^ Please Comment 142 ,CQ, ~ ~ ~ ~u ~ .~~,~ ~i c,~_~e.~ as ~~~ ~~ , l ~~~d LOS OZ6 OG6 ~ X~d HZ'I~~H ill`I~ NI?IZId/1`I~dS~ I~ 90 ~ 60 ~IlZ ZO-ZO-'Iflf BEAR PROOF & RESISTANT REFUSE CO~NT~INERS Resource List 20.02 Tras~-. ~ertri~e~ BFI Waste Systems 3766 Hwy 82 Glenwood Springs, CO 81601 Territory EXecutlve, Derrick Masimer (970) 945-1300, Roaring fork Valley West Slope Sales Manager, Mike Andruzak (970) 9z6-3384, Eagle River Valley BEAR PROOF and BEAR RESXSI'AN7 CONTAINERS HpneyWaaon Trash Service P.C. Boz 4330 Edwards, CO 81632 (970)476-3511 Matt Donavon, Eagle River Valley BEAR PROOF and BEAR RESISTANT CONTAINERS Roaring Fork Trash Service P.O. Box 369 Carbondale, CO 81623 Robert & Debra Kennedy (970) 963-1858 BEAR RESISTANT CONTAINERS 9S gallon poly cans and 2,3,4 yard dumpsters. V,I.P. Services Trash Removal 2412 Grand Ave. Glenwood Springs, CO 81601 95 gallon container with 3 locks. (970)945-9228 BFJ1R RESrSTANT CONTAINERS Waste Management of Colorado Gordon Brokaw, Roaring Fork Valley (970) 963-5593 Pat Cahill, Eagle River Valley 0464 Spring Creek Rd. Gypsum, CO 81637 •r, ,: 04J22/02 Page 3 . S ~~~d EGOS OZ6 OG6 ~ X~d HZ'I~~H ~l`I~ 1\IIXZId/M~dS~ Y~ 60 ~ 60 ~IlZ ZO-ZO-'Illf 5 i { ~'A~~ - ?~yg, ~~ ~ BEAR PROOF & RESISTANT REFI~SE CONTAINERS Resource List 2002 co%rado Re~aurces BearPraof, xnc. P.O. Box 6412 Battlement Mesa, CO 81636 (970) 285-0228 Henry Fox, President BEAR PROOF CONTAINERS $ 169 (can) $ 700 (trash ~odcer) Metal food & trash lockers ~ ~' for 32 and 95. gallon containers. u y Commercial containers $400-1800 Custom made. Powder coated. ~~~ www. Bea rProofinc.com MC West $ 180 (can) $ 800 (shed) 38005 Hwy 82 -Aspen 95 gallon poly can with lock. Dave Shiner Metal shed fits (2) 95 gal cans. (970) 925-4262 BEAR RESISTANT AND BEAR PROOF CONTAINERS Juniaer Valley Products Colorado Correctional Industries $ 280 and up East Canvn Complex -Bldg 97 Several models available. M~~w~ P.O. Box 1600 Pepper sprayer devices, Canon City, CO 81215-1600 Handicap, accessible. George Canchola, Metal Prod Div. 95 gal steel rails to curb (719) 269-4500, x3203 Custom, ornamental designs. BEAR PROOF CONTAINERS www.cSyo:com Snyder, ]itt~ Free local delivery (970) 922-0669 BEAR PROOF CONTAINERS $ 395.850 Small orders only:, . Custom steelwork. Cans of various sizes and custom doors on sheds. Solid Waste Systems 7855 Fast Lark,Drive Parker, CO 80138 Owner Clyde Mauk ,(303) 840-3390 (800) 944-7973 LJ BEAR PROOF CONTAINERS $135 - 785 Poly and metal cans/Ilds. Front & rear load. ' 2 - 6 yard dumpsters. Steel cabinet for (2) 95 gallon containers. ' 04/22/02 Page 1 ~,. 5:;. ;~°J, `, ~;~;>'.: ,P.'.~r~~ ,,: ~'i!:i 9 ~~~d EGOS oZ6 OG6 ~ X~~ HZ'I~~H n~~ l~Ixsld/~~ds~ >~ Z ~ ~ 60 ~fli ZO-ZO-'Illy ' r-' l,l[iIA.~C I"I't11.CC1.IV,11 VI'UIIIAl1,CC VU.IilC.lillC~ - I[CV1~Cl1 JUl~ GUi1L Municipal code 12.08.20 '.C'he intention of this document is to provide a minimum set of standards required for wildlife prc-ofing garbage. Any equivalent or stronger methods are encouraged and recommended. [however, deviations frori~ these standards must be approved prior to use within City of Aspen lirruts: It is important to mote that there will be a need for site-specif c improvements tv any of the minimum standards listed below. if axay of tl~e below methods fails at a. given location it will be required that additional. efforts, by both the trash hauler. an;d or responsible party, be made to reinforce tie contai~xers or trashcans fox the location. if there is consistent' failure of .the approved method; it, will be requiired that a new method be designed and.rnstalled on all containers using ~l.e failed s}~stem. DumpSter5 -general standards for all ciumpstexs. pumpstcrs will be of a design that is impervious to bears with drain holes no greater than one (1) inch ira diameter. Lids will adhere to the .following guidelines: " 1) Lids must fully enclose (cover) the dumpster opening. 2) Lid material must be metal, iron or an acceptable alternative. "T'hc'lid constrltction must withstand the weight of an animal standing or jumpiri~ on tap of it. 3) Plastic lids with or writhout reinforcements have been found nat~ta be bear proof and are no longer approved except if they afire placed autside'bnly on day of pickup. 4) No turned up or bent Lids, surface of. tlae lid must be flush with c;dgcs of dumpster opening. (Bends on the edges of the lids, provi.dirtg structure and streti~tli, arc acceptable when the lid completely covers the entire dumpster opertingwithout gaps between body and lid.) S) Latches must withstand unintentional ope»ing by an animal and wiII rcinain tightly closed when the container is turned on its side or upside down. Ci) A,cceptable latching devices include bars and pull handles. These .naust lie tight enough lh.at they cannot be pulled off the front of the dumpster, yc't slack enough that they can be closed with reasonable ease. Bars tk~at lock into place ajce also acceptable when a pin or locl~ing devieers provided. 7) )The latching device, when latched, will not have a gap between the body of the container and lid. Compactors Compactors arc fully compliant when no trash is exposed and properly used. Doors must be kept closed at all times and area around the compactor kepi clean acrd free of debris. 8 ~~~d LOS Ol6 OG6 ~ X~d HZ'I~~H ~N~ MI}IZId/M~dS~ NIA OZ ~ 60 ~Ilz Zo-lO-Zllr BEAR PROOF REFUSE CONT'A~NERS Resource List 2ooz :. Out O~~tat~ Resou~~es BearGuard P.O. Box 89 Tahoe City, CA 96145-0089 Owner Lee Van: (530) 581-2211 (April to November) (530) 412-0002 (Cell phone anytime) Boxmaster. Inc, 17000 Sierra Hwy Canyon Country, CA 91351 Maggie Rodriguez (661) 298-2666 Capitol industries) Inc, 58013" Ave South P.O. Box~80983 Seattle, WA 98108 Jay Jahnke (206) 762-8585 $ 779 (includes stand), (2) 32 gallon cans in a metal shelter Space for retyclables, Powder coated. $ 695 . Double 32 gallon trash enclosure. Food lockers. Dumpster lids. For reFuse and recycling. 5beel fabrication, $ price depends on quantity/freight 2 - 6 cubic yard dumpsters. . Bear Resistant Lids available. Commercial appifcations only. Buy in large quantities. Cubic Container ManufaCCurin4 $ Price varies 11619 Pendleton St. Any sl2e from 1-10 yard dumpster Sun Valley, CA 91352 F~cperimentai models. President, Pamela Bryant & Herb Burrows Front and rear load containers. (818) 504-0722 Refuse cans with mail box style lid. (800) 899-5999 Camp lockers and food storage. McClintock Metal Fabricators, Inc. $ X95 - 850 455 Harter Ave. Steel construction. Woodland, CA 95776 Many sizes available. Linda Ireland-Surry, Product Mgr. Residential steel enclosures. (800) 350-3588 Handicapped Accessible. ar s~~ coy ~~~~, 04/22/02 Page Z L H~~d EGOS OZ6 OG6 ~ X~d HZ'I~~H Al~~ I~IxZId/M~dS~ NIA 9 ti ~ 60 ~IlZ l0-ZO-'Illf 1 l il~ill QAIU 1JU/I~~.I~11.C1 L' ilLiV'ul GJ Enclosures can be constructed oCwood or metal. Met<21 has been found to be more successful in preventing bear damage to the enclosure. Trash cans or dumpsters must be fully ericlose~l o~ii all sides, including a roof or, equivalent cover. .. 1) Gaps are not allowed in the siding that allows the claws of an anin~al.co;gr~sp trash or tear off tb.e side. Ventilation holes can be no more than one (1)".~ inch in di amcter. 2) Lids and doors should be flush with sides or door frames, with out an edge, • preventing aai auirnal from gaining leverage to pull or tear off the cover; 3) Lock/latchi.ng device; must meet the same standards'as for dttmpsters. Do><a~estic Trashcans and Poly-Carts Cu~xent models of plastic Poly-Carts, which do not have metal reinforce~nent and only locks and cables, are not wildlife resistant and riot approved. Bears .have co~nsistcutly.brol4en into' these containers. The bears ri.p the plastic Iid yr sides and pull garbage out pf these ~contaiatcrs. Poly-Carts left otrt and contain trash or garbage require metal reinforcing along with locks to be wildlife-resistant. if you have a plastic container with metal reinforcements' and. would like~to use it within the City of Aspen, the Environmental Health Department tnust revievK its design for approval- Trashcans and Poly-Carts that do not meet these gaidelines can be putout on;day of pickup. Otherwise, they need to be kept inside a garage, shed or enclosure ~wheu t1~e cai~ contains trash or garbage of any kind. The Department recommends that cans put out for day of pick-up should lave a latching device that gives resistance to animals. An example of an approved latch could be a.C-clamp, bungee cords or the latches on poly carts. :~ 6 ~~~d EGOS OZ6 OG6 ~ X~d HZZ~~H ~l\I~ ~II}IZId/N~dS~ NIA ~Z ~ 60 ~IlZ ZO-ZO-'Illf f Chapter 12.08 W1LllL)<kF ~)(20TECTCUN Sections: 1 Z.0$.010 Definitions. 12.08.020 ~Wildtife resistant rcf'use containers or enclosures required. 12.08.()30 Maintenance and operating of wildlife resistant refuse; eon~tain~ers anti dumpster ettclosr~res. 12.08.040 Resid~:ntia] refuse disposal. 12.08.050 Special event refuse disposal. 12.08.060 Feeding of wildlife. 12.0$.070 Construction site refuse disposal. 12.08.080 Interference with Enforcement Officer. 12.08.090 Enforcement. 12.08.100 Penalty assessment. 12.08.010 lefinitions. 'l'lle definitions and terms usccl in this Chapter are defined as follows: (1) Gildlife means any non-domestic mananxal indigenous to the Roaring; l~c~rk Valley including but not linni.ted to bear, deer, elk, raccoon, coyote, beaver; skunk, badger, bobc<et, iroimtain lion, porcupine and fox. (2) Wildlife resistant refr~s~ c:•vntainer means a fully enclosed metal container with ~~ metal lid. The lid must have a latcb,ing mccttanism.whicla prevents access to the cozatents by wil~lli.i'c. Wildlife resistant refuse containers must be approved by a City Community Safety Officer or rnviron~ncntal Ranger. (3) Wildlife resistant dumpxler enclosure means an enclosed stn~cture consisting :of four (~l) sides and a se;eure door or cover, which shall have a latebing device of sufficient design and strenbtb to prevent access by wildlife. The enclosure shall not be larger than necessary tc~ c~r-close the trash receptacle(s), shall not be attached to an historic stntchire, shall. not be located in a public xight-cif way, and shall be located adjacent to the alley where an~alley.borders the property. Wildlife resisfatil' dumpster enclosures located in the Commercial Core ((:C) and the Con-imercial (C-1) zoning districts are required to comply with Sections 2G.710.140(D)(6) and 2G.710.150(D)((i), as applicable. An enclosure of less than one hundred twenty (120) square feet shall trot require a building permit or (::ommunity Tlevelop~nent review; however, plans for the dumpster are required to be reviewed and approved by a City (:omm~,unity Safety Officer or an Environmental Ranger prior to the conunencement of consh~et.iun. An enclosure of one hundred twenty (1.20) square feet or larger requires a. building permit. (4) Special c~verat means an outdoor gathering such as a concert, eor-:ference or fcst.ival. ($) Enfo~'cerrRent nffr.cer means any Aspen Police Officer, (;omnaunity Safety;Officcr or Environmental Ranger. (6) RefusE~ eontuiner means any trash can, dumpster, or similar device used for tht collection and storage of solid waste. (Ord. No. 13-1999, ~ 1 (part): Ord. No. 30-1999, § 1) Z ~~~d EGOS OZ6 OG6 ~ X~d HZ'I~~H /lM~ MI}IZId/I~~dS~ Nf~ 90 ~ 60 ~HZ ZO-ZO-'Iflf 12.08.020 Wildlife resistaut refuse containers or enclosures required. A. Any refuse eontaitter, regardless of size;, that receives t•efuse which is edible by bears or other wildlife shall he either (1) an approved wildlife resistant refuse eonta~iner• or (2) a refuse container which is storccl within a building, house, garage or approved wildlife resistant dumpster eilclosirre. 13. The minimum standards required for wildlife proofing garbage are set forth in and are hereby incorporated herein by reference in the (;.ity of Aspen's "Wi.ldlife Protecfiio.n Qrditrance Guidelines," which shall be prepared and amended from time to time by the (;ity's Luviromnerital Ranger or other desi~mated agent. The "Guidel irres" shall be available for review and purchase at the Gity's Environmental Health De~ai-tment. G. Any trash hauler who provides a retirse container to a C:ity customer shall only pruvi~l~ wildlife resistant rcf'use containers, wildlife resistant dumpsters, or a wildlife resistant poly-carps, whirh meet l.he Wildlife Yrotcction Ordinance guidelines. (Ord. No. 2 - 2001, § l) 12.08.030 Maintenance and operation of ~cvildlife resistant refuse contaitaers~~ax~dciumpster enclosures. A. Wildlife resistant refuse containers and dumpster enclosures rn.ust he kept closed and secure when refuse is trot being deposited. , , 13, lfa container or enclosure is damaged, allowing access by wildlife, repairs most be made within one (l) week after written potification by a C;ommunit.y Safety Officer or l~nvimnmetital Ranger. (Ord. No. 13-1999, § 1 (part)) 12.OR.040 Residential refase disposal. A. All residential containers that receive refuse edible by wildlife; must lie secured inside the home or garage. Residents unable to keep their refuse container. inside the home or garage shall store their refuse in a wildlife resistant' refuse container or enclosure approved by a City C;ommiuiity ~Sa.fery Officer or Environtnent<~l Ranger. 13. Residents with curbside pickup shall place their refuse containers at tl~e curb, ~.lley, or public right-oF way only on the rooming of pickup. After pickup the containers must be re~-secured inside the home, garage or wildlife resistant enclosure by b:00 p.m. (Oral- No. 13-1999, § 1 (part)) . 12.08.050 Special~event e•efttse disposal. Outdoor special event sites shall be kept free from the accumulation of refuse edible by wildlife. Refuse must be collected from the grounds at the clgse of each day's activities and shall be deposited in wildlife resistant containers or enclosures or Ue removed to an appropriate disposal site. {()rd. No. 1'3- 1999, § 1 (part)) 12.08.000 Teeding of wildlife. A. ~No person shall knowingly leave or store any refuscy food product, l2et food, grain or halt in a manner which would constitirtc a lure ariraction or enticement of wildlife. B. laird feeders a.rc allowed. However, between the dates of April 15th and November 15th, all feeders must be suspended on a cable or other device so that they are inaccessible to bears and the area below the feeders must be kept free from the accumulation o~P seed debris. (Ord. No. 13-1999, ~ 1 (part)) 12.08.070 Constrnction site refuse disposal. All construction sites must have a designated, container That receives refuse edible by wildlife. 'Phis container shall be either a wildlife resistatt refuse container, or a container ;that is emptied at the Cc~d of each workday and then securely stored inside a trailer or building. (Ord. No. 13-1999, ~~ 1 ((part)) ~ ~~~d EGOS OZ6 OG6 ~ X~d HZ'I~~H ~M~ MIxZId/~I~dS~ l~ LO ~ 60 ~11Z ZO-ZO-'Iflr 12.08.080 rnterfere~ce with Enforcement Officer. No person shall interfere with, znol.est, hinder or impede the lnforccmcnt Officers in the discharbc of their duties as herein prescribed or violate any of the provisions of this chapter. '(Ord. No. 13- 1999, ~ 1. (part)) 12.0$.090 Enforcement. A. inforccment C)fiii;Crs may issue a warning .notice or suanznons and co-nplaint to any person in violation of this chapter. Ti. An T;nforcement Officer shall have the right to inspect properly' concerting aiy wildlife: Concern or potential wildlife attractant. (nrd. No. 13-1999, ~ 1 (part)) 12.08.100 Penalty assessnaeut. Violation of any provision of this chapter by any person, firm. or. corporation .shall be at~lawful and subject to the penalty provisions in section 1.04.080 o.f this Code, l;ither the owner ox c.~CCUpant or both may he held rCSponsible for a violation of any provision of this chapter. ( Urd. No. 2-2001, § 1; Urd. No. 13-1999, § 1 (part)) ~ ~~~d EGOS OZ6 OG6 ~ X~d HZ'I~~H ~l`I~ ~IIXZId/I~SdS~ Y~ 80 ~ 60 ~(ls ZO-ZO-'Iflf WEST VAIL FIRE STATION The following Vail residents would like the Town Of Vail to build a fire station in West Vail on the Hud Worth parcel. We support a tax increase as has been suggested to build and staff the new station. This fire season has us extremely concerned on this long overdue addition to West Vail. Thank you for your consideration. NAME ADDRESS PRONE AND/OR EMA Q ~ S~ ;~,~-tiJ~~ 1 ~~6~~ ~~,~ ~~~~ If anyone has questions about this petition please call Michelle Hall at 479-9471. WEST VAIL FIRE STATION The following Vail residents would like the Town Of Vail to build a fire station in West Vail on the Hud Wmrth parcel We support a tax increase as has been suggested to build and staff the new station. This fire season has us extremely concerned on this long ~e~ addition to West Vail. Thank you for your consideration. ~n~~Pve NAME ~ ~~ ~~~~ (~r~c~~~~ ~~;~ ~- ADDRESS PHONE AND/OR EMAII. ~ ~ L~~ ~ ~ l~Cu (. ne~-- `~ ~G - ~/G~ ~~ If anyone has.yues#~ons about this petition please call Michelle Hall at 479-9471. WF~'I' VAIL FIRE STATION The following Vail residents would like the Town Of Vail to build a fire station in West Vail on the Hud Wirth parcel. We support a tax increase as has been suggested to build and staff the new station. This fire season has us extremely concerned on this long ©~due-addition to West Vail. Thank you for your consideration. °~~~`k- NAME ADDRESS PHONE AND/OR EMAIL ~ ~ ~~ ,~~~~~, .~ ~ ~~ ~.~ ~ !" M~ ~ ~ ,~, ~ ~ ~~ A ~~ ~ ~; sit ~i ? ~ - ;~S ,> `_ 1 WEST VAIL FIRE STATION The following Vail residents would like the Town Of Vail to build a fire station in West Vail on the Hud Worth parcel. We support a tax increase as has been suggested to build and staff the new station. This fire season has us extremely concerned on this long overdue addition to West Vail. Thank you for your consideration. ADDRESS PHONE AND/OR EMAIL '~ ~v ~2i2-~ ~ ~~~ ~ ~-~. ~ ~ ~ ~ ~~;~~JO~ i WEST VAIL FIRE STATION The following Vail residents would like the Town Of Vail to build a fire station in West Vail on the Hud Worth parcel. We support a tax increase as has been suggested to build and staff the new station. This fire season has us extremely concerned on this long ~avrdue addition to West Vail. Thank you for your consideration, we'rPU~, ADDRESS J~ i~te~e~~~ ~~~1~ l4~( l-isv~s l~~~c~~' 2~3$ ~o. ~~. ~d ~.1~ PHONE AND/OR EMAIL WEST VAII. FIRE STATION The following Vail residents would like the Town Of Vail to build a fire station in West Vail on the Hud Wmrth parcel. We support a tax increase as has been suggested to build and staff the new station. This fire season has us extremely concerned on this long o~~e=addition to West Vail. Thank you for your consideration. °Ue~d~7c. NAME ADDRESS PHONE AND/OR EMAIL If anyone has questions about this petition please call Michelle Hall at 479-9471. WEST VAIL FIRE STATION The following Vail residents would like the Town Of Vail to build a fire station in West Vail on the Hud Worth parcel. We support a tax increase as has been suggested to build and staff the new station. This fire season has us extremely concerned on this long ovrdue addition to West Vail. Thank you for your consideration. NAME ADDRESS PHONE AND/OR EMAIL G~ _ ~ r~,~ ~ro~y (~1~ ~~1 ~Jannke. J°~ ~~55 L~•~~u~ ~P~ u~ °I moo- `-Ca-c4 r2° l 7~to1Z ~+-'~r~i~nn+~C~- ~-1~. <l~q- ~141Cp I~al ~-nts~dg' ~ ~'~o y7~ ~~l ~ ~`~-~~. ~iru~i~~vunic~C-~. ~l~v ~~L~-~9~0 If anyone has questions about this petition please call Michelle Hall at 479-9471. WEST VAII. FIRE STATION The following Vail residents would like the Town Of Vail to build a fire station in West Vail on the Hud Wmrth parcel. We support a tax increase as has been suggested to build and staff the new station. This fire season has us extremely concerned on this long ev~u~ addition to West Vail. Thank you for your consideration. o ~'Fr two. NAME ADDRESS ~-- 1~U~ ~~.~.~i t~csi~ 2~1 ~ ~.v~s ~~ ~ ~v~.- /`1 `-~~~, row ~ U d s ?-~- PHONE AND/OR EMAIL `t-t -1-0`~ X3 e-he ~" Ci..b 5 ~ Cc7\~ GAO . r~ c~ ~, ~~ ~v~ ~~ ~ +~ S~ , ~~ X7/0 l~~ 7 i _- ~iP~C~i~- ~ - ~9~0, ~ ~~ - ~~~ _ ~ fJc,n~ ~ ~ ~ ~ ~ ~ ~ ~G/ ~ M ~k,v~ Z ~ ~ 3 C o~ ~,~~ 1 ~ Ll ~ 9 - °t ~ o 0 ~~, -- . ~h~ -~ . - ~- If anyone has questions about this petition please call Michelle Hall at 479-9471. WEST VAIL FIRE STATION The following Vail residents would like the Town Of Vail to build a fire station in West Vail on the Hud W®rth parcel. We support a tax increase as has been suggested to build and staff the new station. This fire season has us extremely concerned on this long ewdue addition to West Vail. Thank you for your consideration. av~2~1~ NAME ~U2 ~ `!/OQGt~;y ~U Tf-E-~l t~ ~ O~ ~ S ~-~~~-c ~ ~cCj~os~ ~~~ ~w .'r1 V1 (~J1 ~ 5x1'1 ADDRESS Z~~~~OS~ 2J~S8 ARosq Of~. #C, zss~ /~~ ~~ ~~ ~~s~ ~~-oS~R ~~ z 6 ~~ ~/LoS~ /~ ~ PHONE AND/OR ElV1~AII. :Iv~ 1/' ~ ~Y~~~~ ~l ~ I ~x ~~~~ ~; i~ X76 -~~3 ~~7~ _. 5bo `~ ~~ ~~~ ., ~Z~ _~~1~ gam' ~8 ~/'~~ ~~ . ~~ ~ -~. ~-7~ ~c~,~--- ~~ ~3 ~I 1 ~~ e~~Y . ~{'1 ~~ 5~) S 1 ~- If anyone has questions about this petition please call Michelle Hall at 479-9471. Uoo~-~ Creek' ~Q. r K -~enr1is COut~'S c r .. r ._ __. _ ~'~ ~~ j 1 ( ~ E ~~,~/(, ~r.l~i V>,.~; ~`l.' ~/~,~:~litilG.( ' ~•(,~ _~ r~ 't (~;!>(_ 1 I f ~J ~ _ , %~ ~ ~ ~ ~ ,+ F g 1~ -- -, _ _ 'n:.~ ~ ~: ~ ~ ~ 1 I ~'~ c. 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