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HomeMy WebLinkAbout2002-08-13 Support Documentation Town Council Work SessionSPECIAL MEETING VAIL TOWN COUNCIL WORK SESSION Tuesday, August 13, 2002 1:30 - 5:00 P.M. 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: BudgetlCapital Projects/Revenue Discussion. • Use Tax • Ballot Issues - 4 mills property tax - Conference Center 2. DRB (8/7)/PEC (8/12) Report. 3. Information Update. (5 min.) 4. Matters from Mayor and Council. (5 min.) 5. Adjournment. (5:00 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, AUGUST 20, 2002, BEGINNING AT 2:00 P.M. IN THE TOV COUNCIL CHAMBERS. THE NEXT VAIL TOWN COUNCIL REGULAR EVENING MEETING WILL BE ON TUESDAY, AUGUST 20, 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: m caster//ws/2002/080602 MEMORANDUM TO: Vail Town Council FR: Bob McLaurin, Town Manager DT: August 9, 2002 RE: SPECIAL WORKSESSION TUESDAY, AUGUST 13, 2002 We are in the process of preparing a memo to provide background information for your discussion on capital projects, budgeting, and election issues. Due to my vacation and the complexity of preparing this document, it has not been included in the packet. It is my expectation that this document will be completed late this afternoon or early tomorrow morning. It is my intention to a-mail it to you, along with the associated spreadsheets. If you have questions, please do not hesitate to call me at home (476-7388) or on my cell phone (376-3158) this weekend. MEMORANDUM T0: Vail Town Council FR: Bob McLaurin RE: Revenue/Election Discussion DT: August 9, 2002. We are scheduled to meet Tuesday afternoon to continue our discussion of revenues and election issues. This meeting will begin at 1:30 and will conclude at 5:00 pm. The purpose of this memo is to summarize these issues and (hopefully) assist in your discussions. It is my understanding the desired outcomes of this meeting are as follows: ^ Clearly understand our fiscal situation ^ Discuss menu of ballot options to fund capital projects ^ Receive direction on next steps As we have been discussing since 1995, the slow growth of revenues, combined with the increasing demand for services, has made the task of providing "premier level" municipal services increasingly difficult. Over the past few years we have been able to do this by one-time revenues, additional transfers from the Capital Projects Fund, and spending down some of the fund balance. In order to continue to provide services at current levels, we will need to continue to transfer money. from the Capital Projects Funtl to the General Fund. While this strategy works for the short term, it cannot work long term. It is irresponsible to not reinvest in our capital infrastructure and physical plant. Insufficient reinvestment will lead to long term problems and will cause future Councils to spend more later in order to stay competitive, FISCHI OVP.NiP.W Exhibit A, attached to this memo, is a financial summary of the town's budget for FY 2002. As indicated, the town will have approximately $32.4 million in revenues. We will spend $26.8 million on operations and municipal service delivery, including marketing, special events and business development (VCBA, etc). $18 million is budgeted to be spent on Capital Projects (both CPF and RETT) and $2.3 will go to debt service. Capital Needs The Town of Vail, like other communities, has a large need for capital expenditures. The town maintains 43 miles of streets (including the Frontage Roads), 15 miles of recreation paths, 8 parks, 343 street lights, 32 buses, 26 pieces of heavy equipment and 14 buildings. Exhibit B is a list of the town's physical assets. The current replacement cost of this infrastructure is estimated to be over $300 million. Capital Projects Budget The formally adopted Capital Projects Budget is attached to this memo as Exhibit C. The total revenues, total expenditures and ending fund balances are shaded. This document was last reviewed and modified by the Council in May. As we discussed in May, the plan is out of balance. As noted on the last page of this document, planned expenditures exceed anticipated revenue in each of the four years. In each of the years, there is insufficient fund balance to cover the planned expenditures. The ending fund balance in 2006 is a negative $10.4 million. Revenues available to fund capital needs Although there are numerous sources to fund the Capital Projects Plan, the most important is sales tax. Other sources of revenue include federal grants, sale of property (e.g., old town shops), payments from private developers, etc. These other revenue sources are usually one time revenue and are not recurring revenue. Historically, in accordance with the Charter, sales tax has funded one half of the Capital Projects Fund. The complete list of revenues for this fund is identified on the first page of Exhibit C. Summary of Revenues and Expenditures Based on revenue forecasts in our current model, we believe that the amount of sales tax available to fund capital projects for the next five years is as follows in the form of a summary of the Capital Projects Budget. The formally adopted Capital Projects Fund is attached as Exhibit C. Summary of Projected CPF Revenues FY 2003 FY 2004 FY 2005 FY 2006 Sales Tax $4,700,000 $4,600,000 $4,500,000 $4,400,000 Other CPF Revenue $1,145,000 $1,700,000 $ 950,000 $ 250,000 Total CPF Revenue $5,945,000 $6,300,000 $5,450,000 $4,650,000 Summary of Budgeted CPF Expenditures Debt Service $2,300,000 $2,300,000 $2,300,000 $2,300,000 Equipment $2,200,000 $1,650,000 $ 950,000 $ 625,000 Capital Maintenance $ 800,000 $ 750,000 $ 925,000 $ 950,000 Street Reconstruction $1,050,000 $ 850,000 $ 950,000 $2,500,000 Buildings & Improvements $1,000,0002 $2,000,000 $ 700,000 $1,000,000 Streetscape Improvements $1,225,000 $1,825,000 $ 500,000 $ 500,000 Housing $ 350,000 $ 350,000 $ 350,000 $ 350,000 Other Improvements $ 150,000 $ 150,000 $ 150,000 $ 150,000 Total ~ $9,075,000 $9,875,000 $6,825,000 $8,375,000 Comprehensive List of Capital Needs ~ Does not include pass through or off setting revenue. Specifically, the COP revenue and buy down revenue were not included in this summary even though they were approved as part of FY 2003 budget. z Because fire station revenue was removed from this table, the fire station cost ($4,000,000) was also removed. While the Capital Project Budget is the town's formally adopted list of capital improvements, there are several major capital projects not on this list that need to be included. These are the improvements associated with the Lionshead redevelopment, the Village Streetscape improvements, I-70 noise abatement improvements, and gymnastics. We have been discussing these for several years, but they have never been formally added to this CPF because of the uncertainty of cost, the timing of these improvements and the lack of revenue. Exhibit D is a comprehensive list of the town's capital needs. This exhibit is a summary of the formally adopted Capital Projects Budget and the other major projects we have been discussing. The existing projects in the Capital Projects Budget have been categorized by year. The Lionshead and other improvements have been scheduled in the years we believe they will be required. This schedule is driven largely by private development. Options to address this problem In previous discussions, the Council identified a $5 million annual target for additional revenues. Subsequent discussion reduced this number to $4 million. In examining potential ballot scenarios that could be developed to achieve the Council's revenue target of $4 million, it will be important for us to clearly articulate, as specifically as possible, how the additional funds would be used to close the capital project gaps identified previously. New Revenues The Council has considered a 4 mill increase to the town's property tax and a 4% use tax on building materials. A 4 mill increase would generate approximately $2,250,000 annually. A use tax on building materials is estimated to generate between $900,000 and $1,800,000 annually. Regardless of the vehicle the Council chooses, the new revenue could be used as follows: Increased Fire Protection This includes the addition of four new firefighters to the Vail Fire Department. The addition of a new fire company would allow us to respond to multiple calls. Currently, we are only able to respond to two calls simultaneously. As we have discussed given the call loads, I believe we need to respond to three calls simultaneously. At this time when the third call comes in, we have dispatched the Fire Chief and Fire Marshall to respond. The initial cost of these personnel is approximately $250,000 annually. Like other operational costs, this number can be expected to grow by approximately 4% annually. These funds would be used to fund the cost of fire personnel only. Any decisions regarding new stations or reconstruction of existing stations should be part of the Five Year Capital Projects Fund discussion. The capital cost associated with station construction would be funded from the Capital Projects Budget. Capital Protects The balance of the new revenue would be used to help close the gap in the Capital Projects Fund. Exhibit D shows the total shortfall between available revenues for Capital Projects and the cost of these projects. The Council should identify which projects it will fund in 2003 should additional revenues be received and identify those projects you would fund in the out years. My recommendation for projects to be funded with the new revenue is as follows: Exhibit A Budget Summary for FY 2002 (All Funds) Revenues and Expenditures 2002 PERCENT Annual Revenues by Type: Local Taxes: Sales Tax 14,078,820 37% Property and Ownership 2,807,267 7% Ski Lift Tax 1,727,800 4% Real Estate Transfer Tax 2,500,000 6% Franchise Fees & Penalties on Taxes 621,875 2% Licenses & Permits 1,192,100 3% Intergovernmental Revenue 3,413,643 9% Transportation Centers 2,000,000 5% Charges for Services and ISF Charges 4,132,115 11 Fines & Forfeitures 206,690 1 Earnings on Investments 428,750 1% Miscellaneous and Operating Transfers 5,430,885 14% TOTAL ANNUAL REVENUES _ 38,539,945 100% Less Interfund Charges and Transfers (6,065,089) ....................................................:. :::v: ::::::w:::::::::::::::::::n:~:::::::::: ::::::.:::::::: :::::::::: ~~[~~~i~J~.::: : ::::::v::::::::::::::: Annual Expenditures by Type: Municipal Services: Town Officials 1,136,071 3% Administrative Services & Risk Management 2,358,339 6% Community Development & Housing 1,336,599 3% Police (Includes Communications Center) 5,326,042 14% Fire 1,620,054 4% Public Works & Streets 2,259,313 6% Parks & AIPP 935,965 2% Transportation & Parking 3,493,499 9% Facility & Fleet Maintenance 4,247,262 11 Library 791,826 2% Contributions, Marketing and Special Events 1,566,552 4% Health Insurance 1,750,078 5% :.~ : . • :.:s :: Capital Improvement Programs: Capital Projects Fund 14,479,436 38% Real Estate Transfer Tax Fund Projects 3,821,544 10% TOTAL ANNUAL EXPENDITURES 47,451,509 100% Less Intertund Charges and Transfers (6,065,089) 3 Exhibit B Town of Vail Physical Assets Asset Quantity Quantity Unit Unit Cost Replacement Value Life cycle Roads Streets 167,489 LF $ 400 $ 66,995,600 40 Vehicular bridges 36,395 SF $ 350 $ 12,738,250 50 Major Drainage Structures 16 EA $ 100,000 $ 1,600,000 50 Recreation Paths Path 80,500 LF $ 150 $ 12,075,000 25 Bridges 20,480 SF $ 250 $ 5,120,000 25 Buildings Parking Structures Village Structure 510,000 SF $ 125 $ 63,750,000 30 Lionshead Structure 436,000 SF $ 90 $ 39,240,000 30 Office Buildings City Hall 42,750 SF $ 200 $ 8,550,000 30 Community Development 7,000 SF $ 200 $ 1,400,000 30 Library 17,400 SF $ 200 $ 3,480,000 30 Golf Course Club House SF $ 200 $ - 30 Vtrc Terminal/ Info 4,000 SF $ 200 $ 800,000 30 LH Auxiliary 2,100 SF $ 200 $ 420,000 30 PWAdmin 5,075 SF $ 200 $ 1,015,000 30 Nature Center 8,000 SF $ 200 $ 1,600,000 30 Dobson Ice Arena 35,000 SF $ 250 $ 8,750,000 30 Fire Stations 30 Main Vail 7,150 SF $ 200 $ 1,430,000 30 E Vail 7,500 SF $ 200 $ 1,500,000 30 Shops $ - 30 PW 37,750 SF $ 150 $ 5,662,500 30 Golf Course SF $ 150 $ - 30 Old Town Shop 6,400 SF $ 150 $ 960,000 30 FFE in the Buildings 25 % $ 34,639,375 Housing $ - Buzzard Park 13,500 SF $ 175 $ 2,362,500 30 Creek Side 5,100 SF $ 175 $ 892,500 30 Vail Das Schone 1,100 SF $ 175 $ 192,500 30 Vail Heights 750 SF $ 175 $ 131,250 30 Innsbruck 850 SF $ 175 $ 148,750 30 Manager's Residence 3,100 SF $ 175 $ 542,500 30 Bus Shelters 15 EA $ 12,000 $ 180,000 15 Misc Bldgs 1 LS $ 2,000,000 $ 2,000,000 30 Park Rest Rooms 7 EA $ 125,000 $ 875,000 25 Playgrounds 8 EA $ 250,000 $ 2,000,000 15 Vehicles $ Buses $ Low Floor 10 EA $ 350,000 $ 35' 22 EA $ 300,000 $ Cut away 7 EA $ 60,000 $ Fire Trucks $ Pumpers 3 EA $ 325,000 $ Aerials 2 EA $ 700,000 $ Heavy Equipment 26 EA $ 103,135 $ Graders 1 EA $ - $ Loaders 6 EA $ - $ Dump/Plow Trucks 7 EA $ - $ Light Vehicles $ Utility vehicles 7 EA $ 57,125 $ Light Trucks 50 EA $ 26,100 $ Trailers 22 EA $ 11,625 $ Small Equipment 1 LS $ 813,000 $ Street Furniture 245 EA $ 1,000 $ Signs 1 LS $ 850,000 $ Street Lights 343 EA $ 4,000 $ Fountains 3 EA $ 150,000 $ TOTAL REPLACEMENT VALUE $ 3,500,000 6,600,000 420,000 975,000 1,400,000 2,681,510 399,875 1,305,000 255,750 813,000 245,000 850,000 1, 372, 000 450,000 302,317,860 12 12 8 15 15 8 6 8 8 6 5 10 5 15 15 EXHIBIT C CAPITAL PROJECT FUND SUMMARY OF REVENUES AND EXPENDITURES FY 2003 -2006 Allocation of Sales Tax to CPF Revenues: Sales Tax Allocation of Sales Tax to General Fund Net Sales Tax Federal Grant Revenue Lease Revenue COP revenue CDOT Reimbursement Parking Assessments Buy-Down Program Sale of Assets Transfer from HEF Project Reimbursement Interest Income & Other -- t<il Rcticitue 32% 32% 30% 31% 2003 2004 2005 2006 Project Information 6,540,065 6,768,967 7,005,881 7,251,087 In 2000 allocates $250k to GF. Growth at 3.5%. Sales tax split between GF and CPF is 57 and 43% respectively a change from 55.5% and 44.5% (1,869,044) (2,178,721) (2,711,085) (2,846,639) To fund economic development 4,671,021 4,590,246 4,294,796 4,404,448 865,000 700,000 600,000 $1,257,625 is finalized; the rest is estimated 149,480 149,480 149,480 149,480 Lease revenue from City Market & employee housing land lease 4,800,000 Lease revenue for Fire Station and Truck 1,000,000 1,000,000 750,000 130,000 100;000 100,000 - - Reimbursement for the roundabout construction Revenue from Parking Pay-in-Lieu Program 1,000,000 1,000,000 Sale of Deed Restricted Units Purchased by the Town Sale of Old Town Shops & Sale of portion of land in West Vail To Fund Town Shop Improvements '03 is for Mill Creek Circle,'Ol &'02 are radio tower reimbursements 100,000 100,000 6.111 ''6 >,653,928' Exhibit C q 8/'13/02 8:18 AM Allocation of Sales Tax to CPF 32% 32% 30% 31% 2003 2004 2005 2006 Project Information Expenditures: Equipment Purchases Fire Truck Replacement 485,000 Replace trucks at the end of their useful lives Fire truck for new station 400,000 Truck for new station included with building I ~ ~ i r il' I-~. ~~n:c i~~ i i iq)i I~r~l,,ir' ~.ti~~ ~,:. o-.i~iu~i'~~,~_i i ~,ir;~. n~,l ~_c-.~ - - - :~Ir~~i' iii n'I;~I t~lu>~LLL'ci'I ii•, ~. ... .. n~L ~i~:L Document imaging Estimate to provide imaging hardware and software town wide (implementation staff not included) GPS System for Buses ~ 150,000 150,000 375,000 In '04-'OS Outlying and sheltered stops, '06 replacement Technology Upgrade 50,000 50,000 50,000 50,000 Allocate a portion of capital projects fund to keep up with technology Software & Hardware Upgrades 150,000 150,000 150,000 150,000 Replacement of PC's Web Page Development/Ecommerce 100,000 Web page development and future credit card payments Laptop project for PD Laptops in police vehicles Radio System 2 new stations and radio towers. Towers are partially reimbursed Repower Buses 152,000 126,000 44,000 Replace transmissions and engines to extend useful life Replace Buses 1,300,000 1,175,000 Replace buses at end of useful lives fnr outlvinv rrnrtPS nnl_y I _ ~r,,i~~ici ~r~_ni i ~ I,~.,~~ ~,i,~~~_~ (70U.~~~~ ~i)J)OC'~ In~~ni~ ,~I 1n~~r,~t~nl.i~~ o-.~ ._,,i ~~ i ~_~~ repi~ce bu r f,~0.0~ ~~ 7.~,n~;' [iiformationdl adiushtient onl~. c, . ~- i~~ i ~ ,~,i 800 MHz radio system 152,372 Principal and interest payments to lease purchase radios in 1998 Subtotal Equipment Purchases 2,204,372 1,651,000 935,000 619,000 Exhibit C 5 8/'13/02 8:18 AM Allocation of Sales Tax to CPF Capital Maintenance Bus Shelter Replacement Bear Proof Trash Containers Capital Street Maintenance Subtotal Capital Maintenance Street Reconstruction Vail Valley Drive -Design Vail Valley Drive- 1st Phase Soccer Field to Ptarmigan Ptarmigan East to Sunburst Mill Creek Circle West Third of East Vail Middle Third of East Vail Subtotal Street Reconstruction 32% 32% 30% 31% 2003 2004 2005 2006 Project Information 30,000 10,000 30,000 10,000 Replace 1 old shelter each year and add a new one every other year 40,000 In the Village 725,000 740,000 890,000 932,000 Preventive maintenance, patching, overlays and seal coats 795,000 750,000 920,000 942,000 VV Drive Golden Peak to Sunburst, and Mill Creek Circle, with bike lane 340,000 Reconstruct Vail Valley Drive in segments 840,000 Reconstruct Vail Valley Drive in segments 744,188 Reconstruct Vail Valley Drive in segments 705,000 ;, '' I ~ ~ ~~~i~ I ,l ._c~~ciii ~,i-_ i~~shou~nctcosL' - - inroirnau~,n.,adlusnnci .~~~I.i„~how~nctcost 210,000 2,310,000 Bridge Rd, Columbine Dr, Spruce Way, Spruce Dr; Meadow Dr, Juniper Ln 210,000 Reconstruct East Vail in segments 1,045,000 840,000 954,188 2,520,000 8/13/02 Exhibit C 6 8:1 B AM Allocation of Sales Tax to CPF 32% 32% 30% 31% 2003 2004 2005 2006 Project Information Buildings & Improvements Library Building Remodel 145,000 500,000 Remodel of the Library Building, Community Room and Public Restrooms Medians in Frontage Road 50,000 550,000 From roundabout to Blue Co~v chute, includes signing, lighting and landscaping -adds maintenance costs -discuss moving to RETT Firestation Land I ~ ,: I'r,~ coed Re~cn,~, .~'~ ~ . :[ New Fire Station I . , i~rolected( ~ 11' r. ,cnuc \,~t ~~ Fiber Optics in Buildings Dobson Ice Arena Way Finding Improvements Town Shop Imp -Storage Project Town Shop Imp -Retaining Wall Donovan Park Pavilion Parking Structure Improvements General Facility Improvements Subtotal Bldgs /Improvements streetscape Projects West & East Meadow Drive Village streetscape Design & Implementation Heating Pavers in Village Subtotal streetscape Projects 4,400,000 ~1 70,000 100,000 435,000 535,000 440,000 450,000 305,000 324,000 260,000 450,000 5,405,000 1,909,000 700,000 1,000,000 li~l~,n i.r~l,,n .I ..I~. tn~~rm ,~nl~. 1~• na _ ,~.1 Intonnatl,,i~:~l ~,1~_~ .n~ni i~l•. i,• I n~', "~i Study & review prior studies in 2001; construction in 2002 l;~'~,:rctu~•~,il ,~.ii~ru;i,~~rtonl}'toy ~~i~ ~cuu..uura~l ,: u--~r,-~atonl~ to, ~ ;, ~~~t~~~~; ~.~.u: _ _ :~. VRD - to expand capacity ]ncludes signs in town, on I-70, and in parking structures -adds maintenance. Entry sign is budgeted in 2005 Replace the storage at old town shops Design of back retaining wall to create space for expansion $1.7 million funded from CPF, $1.5 million from GF Various Parking Structure Improvements Various Facility Capital Improvements 735,000 1,323,000 Construct streetscape plan, drainage lighting public art and landscaping -adds maintenance from Library to Fire Station 140,000 140,000 140,000 140,000 Design in 2002, Implementation 2003-2006 350,000 350,000 350,000 350,000 Heating Costs only 1,225,000 1,813,000 490,000 490,000 Exhibit C ~ 8/'13/02 8:18 AM Allocation of Sales Tax to CPF 32% 32% 30% 31% 2003 2004 2005 2006 Project Information Housing Program EHU for TOV Rental Pool 250,000 20,000 250,000 250,000 Estimates for rental units, not'for sale' units Mountain Bell Housing Ongoing Expenses Buy-Down Program 1,100,000 1,100,000 _. 1,100,000 1,100,000 Purchase Price of Deed Restricted Units, Includes $100k Subsidv I _ . ~,r~~~,,ic l Its,,, I ~ ,n rc~ view ~ l (OU.O(itil ~~ ! I ' 0 000) _ (I 0011,000) i ,000,OOO~i [nfoln u~.~n.,~~ ~JI i r~r,~ :1 ~~nl~_ t~, h~~:~. r~~i "~,~ `:~1 rr°,~ 100,000 I~)U OQ~ 100,01)0 1 "1.000 [nformaaonai ad}usttnent onl~. u, h ~: ~~~t ~:~~.i Subtotal Housing Program 1,350,000 1,350,000 1,350,000 1,350,000 Other Improvements Lionshead Master Plan Design costs to implement Town improvements Loading and Delivery Studies Finish Project Street Light Improvement Program 75,000 7,000 7,000 75,000 Add new street lights and refurbish residential lighting program Infrastructure Improvements From Vail Today suggestions Drainage Improvements 75,000 75,000 75,000 75,000 Continue implementation of drainage master plan Subtotal Other Improvements 150,000 150,000 150,000 150,000 Total before Transfers 12,174,372 8,463,000 5,499,188 7,071,000 Exhibit C g 8/'13/02 8:18 AM ' Allocation of Sales Tax to CPF 32% 32% 30% 31% 2003 2004 2005 2006 Project Information Transfer for Debt Service 2,334,03 2,332,153 2,331,703 2,331,703 To fund debt service on all Town bonds Debt Service on COP 200,830 401,661 401,661 401,661 Financed $4.8 million @ 5.5%, 20years. _ - 'fotall:~penditurc. _ - _ 13,-iu ;~ 11,19fi,i31-4 - 5 ~32.~;' _- ~/ ~OJ.;r~~ Revenue Over (Under) Expenditures (2,993,754) (3,907,088) (2,088,276) (4,150,436) Enilin~Fun~ll'9lsnr 1344;566) i4'il.(»3i i/~.33'/~/"li fin.49~i/.3oG~ Exhibit C g 8/13/02 6:18 AM FY 2003 Fire Station Improvements FY 2004 North Day Improvements FY 2005 Village Streetscape Project FY 2005 Lionshead Plaza Improvements FY 2006 Frontage Road Improvements RECOMMENDATION The town must move forward with a new or increased revenue source, but the town must also act in concert with all issues before the electorate this fall. Our earlier polls have shown support for the passage of a mill levy increase. What follows are "pros" and "cons" for both of the proposed measures. 4 MILL LEVY INCREASE PROS 1) Consistent, recurring, predictable revenue 2) Provides diversification of revenue sources and lessens reliance on sales tax 3) Among the lowest in our region, thus allowing an opportunity to "grow" this revenue 4) Mill levy credit can be issued when revenues have stabilized or needs of the community have decreased 5) Have not requested a property tax increase specific to the TOV in almost 20 years CONS 1) People generally hate tax increases 2) Perception TOV can still tighten its belt 3) Competition with Conference Center, Open Space, etc., election questions 4) Possible lack of trust in the town's ability to provide direction and oversight of increased revenues 5) "No taxation without representation" argument from 2nd homeowners USE TAX PROS 1) Could be a significant revenue ($1.8M in '01) 2) Tied to the community's economic development; will help fund future public infrastructure development 3) Could be a substitute for Tax Increment Financing (TIF) if TIF falls apart; "development pays its own way" 4) May conflict less with other ballot issues 5) Allows private developers to contribute to public improvements in a capital way 6) Could be approved independent of a property tax increase 7) Lessens the town's reliance on residents (property tax) and sales tax 8) Would be in place before all the major private development begins, thus allowing the town to collect at the outset CONS 1) Unstable source of revenue 2) Building fees are already being increased 3) Could inhibit redevelopment with private developers 4) Could this create a "competitive disadvantage" for the town. Exhibit D Capital Needs List 20 2003 2004 2005 2006 Projectlnformation Revenues: Sales Tax 6,540,065 6,768,967 7,005,881 7,251,087 Allocation of Sales Tax to General Fund (1,869,044) (2,178,721) (2,711,085) (2,846,639) To fund economic development Net Sales Tax 4,671,021 4,590,246 4,294,796 4,404,448 Federal Grant Revenue 865,000 700,000 600,000 $1,257,625 is finalized; the rest is estimated Lease Revenue 149,480 149,480 149,480 149,480 Lease revenue from City Market & employee housing land lease COP revenue 4,800,000 Lease revenue for Fire Station and Truck Buy-Down Program 1,000,000 1,000,000 1,000,000 1,000,000 Sale of Deed Restricted Units Purchased by the Town Sale of Assets 750,000 Sale of Old Town Shops & Sale of portion of land in West Vail Project Reimbursement 130,000 3,000,000 9,000,000 3,000,000 Reimbursement from Private Developers Tax Increment Revenue ??~,~?? ??~,~?? ???,~?? ??~,??? Provided through either DDA or URA Interest Income 8 Other 100,000 100,000 100,000 100,000 Total Reveruc 11]15501 10 239'2'0 15111.276 F, 65S;92y Expenditures: Debt Service Transfer for Debt Service 2,334,053 2,332,153 2,331,703 2,331,703 To fund debt service on all Town bonds Debt Service on COP 200,830 401,661 401,661 401,661 Financed $4.8 million @ 5.5%, 20years. Subtotal Debt Service 2,534,883 2,733,814 2,733,364 2,733,364 Equipment Purchases Fire Truck Replacement 485,000 Replace trucks at the end of their useful lives Fire truck for new station 400,000 Truck for new station included with building GPS System for Buses 150,000 150,000 375,000 In'04-'O5 Outlying and sheltered stops, '06 replacement Technology Upgrade 50,000 50,000 50,000 50,000 Allocate a portion of capital projects fund to keep up with technology Software & Hardware Upgrades 150,000 150,000 150,000 150,000 Replacement of PC's Web Page Development/Ecommerce 100,000 Web page development and future credit card payments Radio System 2 new stations and radio towers. Towers are partially reimbursed Repower Buses 152,000 126,000 44,000 Replace transmissions and engines to extend useful life Replace Buses 1,300,000 1,175,000 Replace buses at end of useful lives for outlying routes only 800 MHz radio system 152,372 Principal and interest payments to lease purchase radios in 1998 Subtotal Equipment Purchases 2,204,372 1,657,000 935,000 619,000 Capital Maintenance Bus Shelter Replacement 30,000 10,000 30,000 10,000 Replace 1 old shelter each year and add a new one every other year Bear Proof Trash Containers 40,000 In the Village Capital Street Maintenance 725,000 740,000 890,000 932,000 preventive maintenance, patching, overlays and seal coats Subtotal Capital Maintenance 795,000 750,000 920,000 942,000 Street Reconstruction Vail Valley Drive - 1st Phase 340,000 Reconstruct Vail Valley Drive in segments Soccer Field to Ptarmigan 840,000 Reconstruct Vail Valley Drive in segments Ptarmigan East to Sunburst 744,188 Reconstruct Vail Valley Drive in segments Mill Creek Circle 705,000 West Third of East Vail 210,000 2,310,000 Bridge Rd, Columbine Dr, Spruce Way, Meadow, Juniper Middle Third of East Vail 210,000 Reconstruct East Vail in segments Subtotal Street Reconstruction 1,045,000 840,000 954,188 2,520,000 Buildings & Improvements Library Building Remodel 145,000 500,000 Remodel of Building, Community Room and Restrooms Medians in Frontage Road Medians 50,000 550,000 Roundabout to Blue Cow New Fire Station 4,400,000 Study & review prior studies in 2001; construction in 2002 Town Shop Imp -Storage Project Replace the storage at old town shops Town Shop Imp -Retaining Wall 100,000 Design of back retaining wall to create space for expansion Parking Structure Improvements 435,000 535,000 440,000 450,000 Various Parking Structure Improvements General Facility Improvements 305,000 324,000 260,000 450,000 Various Facility Capital Improvements Subtotal Bldgs /Improvements 5,335,000 1,909,000 700,000 1,000,000 8/13/02 Exhibit D 1 8:19 AM 20 2003 2004 2005 2006 Projectlnformation Streetscape Projects West & East Meadow Drive 735,000 1,323,000 Library to Crossroads Village Streetscape Design 8 Implementati 140,000 140,000 140,000 140,000 Design in 2002, Implementation 2003-2006 Heating Pavers in Village 350,000 350,000 350,000 350,000 Heating Costs only Subtotal Streetscape Projects 1,225,000 1,813,000 490,000 490,000 Housing Program EHU for TOV Rental Pool 250,000 250,000 250,000 250,000 Estimates for rental units, not'for sale' units Mountain Bell Housing Ongoing Expenses Buy-Down Program 1,100,000 1,100,000 1,100,000 1,100,000 purchase Price of Deed Restricted Units, Includes $100k Subsidy Subtotal Housing Program 1,350,000 1,350,000 1,350,000 1,350,000 Other Improvements Street Light Improvement Program 75,000 75,000 75,000 75,000 Add new street lights and refurbish residential lighting program Drainage Improvements 75,000 75,000 75,000 75,000 Continue implementation of drainage master plan Subtotal Other Improvements 150,000 150,000 150,000 150,000 Redevelopment Related Improvements LH Frontage Road Improvement 5,000,000 5,000,000 5,000,000 LH Plaza Improvements 6,000,000 3,000,000 West LH Circle 1,500,000 East LH Circle 1,000,000 East LH Portal 3,000,000 North Day Lot 8,000,000 Village Streetscape Improvements 2,500,000 2,500,000 2,500,000 2,500,000 Subtotal Redevelopment 2,500,000 15,500,000 18,000,000 11,500,000 1 70 Noise Abatement ???,~?? ??~,~?? ??~,~?? ??~,~?? ~7oYal Fxpendilu r-.a 77,139,255 2b,696 R14 2U 1 2552 21,3x4,360. ~. Revenue Over (Under) Expenditures (5,423,754) (16,407,088) (11,088,276) (12,650,438) 8/13/02 Exhibit D 2 8:19 AM Yahoo! Mail - invcleveland@yahoo.com ~.._.-~ _____ w ~~~ ~,~ Find old friends } t `~ f ram ~leme~tary .`'; ~ ~ j ~-z . ~.~, .~~ school- .~t~-~ .~ " ,. ~~'~,~"~ _ ;~..., ~.~ CLI~CIiC HE~tE ~ CLICK 1-IEFtE ~ v _ _ __ _ __....~. _ ~__._ . Attachment View [Original Mess~e] Yahoo! - ~ Yahoo! -Help ~Q Mall ~~ ~ Addresses - ~' Calendar -, Notepad Check Mail ~ Compose 1 3 Folders [Add] ~i~Free ^w~:Credit i :+, Save on Realtor ..Free faxes ~. 'in your Yahoo! File name: MEMORANDUM.doc File type: application/msword T0: Vail Town Council FR: Bob McLaurin RE: Revenue/Election Discussion DT: August 9, 2002 ~atte~e ~r>~e~: ~~~ ~I[i~ar~ MEMORANDUM Page 1 of 7 Need Help? We are scheduled to meet Tuesday afternoon to continue our discussion of revenues and election issues. This meeting will begin at 1:30 and will conclude at 5:00 pm. The purpose of this memo is to summarize these issues and (hopefully) assist in your discussions. It is my understanding the desired outcomes of this meeting are as follows: . Clearly understand our fiscal situation . Discuss menu of ballot options to fund capital projects . Receive direction on next steps As we have been discussing since 1995, the slow growth of revenues, combined with the increasing demand for services, has made the task of providing "premier level" municipal services increasingly difficult. Over the past few years we have been able to do this by one-time revenues, additional transfers from the Capital Projects Fund, and spending Majl Up~c rades -Search Mail. -Mail invcleveland@yahoo.com [S~n Out] Yahoo! Mail - invcleveland@yahoo.com Page 2 of 7 down some of the fund balance. In order to continue to provide services at current levels, we will need to continue to transfer money from the Capital Projects Fund to the General Fund. While this strategy works for the short term, it cannot work long term. It is irresponsible to not reinvest in our capital infrastructure and physical pl . 'Insufficient reinvestment will lead to long term problems and will cause future Coun ii~s o spend more later in order to stay competitive Fiscal Overview Exhibit A, attached to this mem~5 a financial summary of the town's budget for FY 2002. As indicated, the town will have approximately $32.4 million in revenues. We will spend $26.8 million on operations and municipal service delive~ncluding marketing, special events and business development (VCBA, etc). $18 million is budgeted to be spent on Capital Projects (both CPF and RETT) and $2.3 will go to debt service. Capital Needs The Town of Vail, like other communities, has a large need for capital expenditures. The town maintains 43 miles of streets (including the Frontage Roads), 15 miles of recreation paths, 8 parks, 343 a t lights, 32 buses, 26 pieces of heavy equipment and 14 buildings. Exhibit isNis of the town's physical assets. The current replacement cost of this infrastructure is estimated to be over $300 million. / ~9- Coital Projects Budget The formally adopted Capital Projects Budget is attached to this memo a Exhibit C. The total revenues, total expenditures and ending fund balances are shade .This document was last reviewed and modified by the Council in May. As we discuss in May, the plan is out of balance. As noted on the last page of this document, planne /expenditures exceed anticipated revenue in each of the four years. In each of the years, insufficient fund balance to cover the planned expenditures. The ending fund balance in 2006 is a negative $10.4 million. Revenues available to fund capital needs Although there are numerous sources to fund the Capital Projects Plan, the most important is sales tax. Other sources of revenue include federal grants, sale of property (e..~ Id town shops), payments from private developers, etc. These other revenue soes are usually one time revenue and are not recurring revenue. Historically, in accordance with the Charter, sales tax has funded one half of the Capital Projects Fund. Yahoo! Mail - invcleveland@yahoo.com Page 3 of 7 The complete list of revenues for this fund is identified on the first page of Exhibit C. Summa of Revenues and Expenditures Based on revenue forecasts in our current mode~we believe that the~amo~nt o~,salgesstax ~ available to fund capital projects for the next five years is as follows The"f~ll'~ia summary of the Capital Projects Budget. The formally adopted Capital Projects Fund is attached as Exhibit C. Summary of Projected CPF Revenues ti FY 2003 FY 2004 FY 2005 FY 2006 Sales Tax $4,700,000 $4,600,000 $4,500,000 $4,400,000 Other CPF Revenue ~,@0002 1 700 000 950 000 250,000 Total CPF Revenue $5,945,000 $6,300,000 $5,450,000 $4,650,000 Summary of Budgeted CPF Expenditures Debt Service $2,300,000 $2,300,000 $2,300,000 $2,300,000 Equipment $2,200,000 $1,650,000 $ 950,000 $ 625,000 Capital Maintenance $ 800,000 $ 750,000 $ 925,000 $ 950,000 Street Reconstruction $1,050,000 $ 850,000 $ 950,000 $2,500,000 Buildings & Improvements $1,000,0003 $2,000,000 $ 700,000 $1,000,000 Streetscape Improvements $1,225,000 $1,825,000 $ 500,000 $ 500,000 Housing $ 350,000 $ 350,000 $ 350,000 $ 350,000 Other Improvements $150,000 150,000 $150,000 $150000. Total $9,075,000 $9,875,000 $6,825,000 $8,375,000 Comprehensive List of Capital Needs Yahoo! Mail - invcleveland@yahoo.com Page 4 of 7 While the Capital Project Budget is the town's formally adopted list of capital improvements, there are several major capital projects not on this list that need to be included. These are the improve fient~associated with the Lionshead redevelopment, the Village Streetscape improvemen 0 noise abatement improvement~nd gymnastics. We have been discussing these r several years, but they have never been formally added to this CPF because of the uncertainty of cost, the timing of these improvements and the lack of revenue. Exhibit D is a comprehensive list of the town's capital needs. This exhibit is a summary of the formally adopted Capital Projects Budget and the other major projects we have been discussing. The existing projects in the Capital Projects Budget have been categorized by year. The Lionshead and other improvements have been scheduled in the years we believe they will be required. This schedule is driven largely by private development. Options to address this problem In previous discussions, the Council identified a $5 million annual target for additional revenues. Subsequent discussion reduced this number to $4 million. In examining potential ballot scenarios that could be developed to achieve the Council's revenue target of $4 million, it will be important for us to clearly articulate, as specifically as possible, how the additional funds would be used to close the capital project gaps identified previously. New Revenues `~ ~~ w`p° ~ The Council has ~ ere a 4 mill increase to the town's property tax and a 4% use tax on building lies. A 4 mill increase would generate approximately $2,250,000 annually. ax on buildin materials is estimated to generate between $900,000 and v~ ~ ~~ , ~ 00,000 nnually. Regardless of the vehicle the Council chooses, the nevv revenue ~ ~ could-b sed as follows: Increased Fire Protection This includes the addition o six new firefighter he Vail Fire Department. The addition of a new fire company would allow us to resp n t multiple calls. Currently, we are only able to respond to two calls simultaneously. A have discu sed given the call loads, I believe we need to respond to three calls simultaneously~At this time when the third call comes in, we have dispatched the Fire Chief and Fire Marshall to respond. The initial cost of these personnel is approximately $250,000 annually. Like other operational costs, this number can be expected to grow by approximately 4% annually. These funds would b d to fund the cost of fire personnel only. Any decisions regarding new stati n ~ construction of existing stations should be part of the Five Year Yahoo! Mail - invcleveland@yahoo.com ~ Page 5 of 7 . C9~ Capital Projects Fund.^The capital cost associated with station construction would be funded from the Capital Projects Budget. L ~.~. ~~" ~v Capital Projects The balance of the new revenue would be used to help close the gap in the Capital Projects Fund. Exhibit D shows the total shortfall between available revenues for Capital Projects and the cost of these projects. The Council should identify which projects it will fund in 2003 should additional revenues be received and identify those projects you would fund in the out years. My recommendation for projects to be funded with the new revenue is as follows: ''~ FY 2003 Fire Station Improvements ~- FY 2004 North Day Improvements FY 2005 Village Streetscape Project FY 2005 Lionshead Plaza Improvements FY 2006 Frontage Road Improvements RECOMMENDATION The town must move forward with a new or increased revenue source, but the town must also act in concert with all issues before the electorate this fall. Our earlier polls have shown support for the passage of a mill levy increase for both of the proposed measures. 4 MILL LEVY INCREASE PROS 1) Consistent, recu What follows are "pros" and "cons" ~ -~ r~eu~~,e, sVu.nt~ 1 ~ M~~~ rovides diversification o 3) Among the lowest in our region, thus allowing an opportunity to "grow" this revenue Yahoo! Mail - invcleveland@yahoo.com Page 6 of 7 4) Mill levy credit can be issued when revenues have stabilized or needs of the community have decreased 5) Have not requested a property tax increase specific to the TOV in almost 20 years CONS 1) People generally hate tax increases 2) Perception TOV can still tighten its belt 3) Competition with Conference Center, Open Space, etc., election questions 4) Possible lack of trust in the town's ability to provide direction and oversight of increased revenues 5) "No taxation without representation" argument from 2nd homeowners USE TAX PROS 1) Could be a significant. revenue ($1.8M in '01) 2) Tied to the community's economic development; will help fund future public infrastructure development 3) Could be a substitute fo~TlFlif TIF falls apart; "development pays its own way" ~Qf~ J 4) May conflict less with other ballot issues Q~ .~'."~ 5) Allows f-. _ "to contribute to public improvements in a capital way 6) Could be approved independent of a property tax increase 1 7) Lessens the town's reliance on residen~and s es tax ~~ 8 Would be in lace before all the ma'or rivate develo menf,~thus allowin the town to p J P P 9 collect at the outset CONS 1) Unstable source of revenue Yahoo! Mail - invcleveland@yahoo.com 2) Building fees are already being increased 3) Could inhibit redevelopment with private developers 4~ this create a "competitive disadvantage" for the town Page 7 of 7 1 This revenue forecast assumes no growth of sales tax in 2003. Parking and lift tax are forecasted at FY 2002 levels. 2_Does not include pass through or o_ff_setting revenue. Specifically,_the_COP revenue and buy down revenue were not included in this summary_ev_en though they_were_approved as_ part of FY 2003 budget. 3 Because fire station revenue was removed from this table, the fire station cost ($4,000,000) was also removed. Save to ~ Yahoo! Briefcase - Download_File Back to Original Message Check Mail Compose Mail_Up~rades -Search Mail -Mail Mail -Address Book -Calendar - Address Book • Auctions ~ Autos • Briefcase • Calendar • Careers • Chat ~ Classifieds • Finance • Games • Geocities ~ Greetings ~ Gro.ups • Kids • Mail • Maps Member Directs Messenger Mobile • Movies ~ Music • MY Yahoo! • News ~ P~Direct • People Search • Personals ~ Photos • Radio • Shopping • Sports TV • Travel ~ Warehouse • Weather ~ Yellow Pages • _more... Copyright ©1994-2002 Yahoo! Inc. All rights reservedTerms of Service -Guidelines NOTICE: We cocollect personal information on this site. To learn more about how we use your information, see ourPri_v_acy_Policy Exhibit A Budget Summary for FY 2002 (All Funds) Revenues and Expenditures 2002 PERCENT Annual Revenues by Type: Local Taxes:. Sales Tax 14,078,820 37% Property and Ownership 2,807,267 7% Ski Lift Tax 1,727,800 4% Real Estate Transfer Tax 2,500,000 6% Franchise Fees & Penalties on Taxes 621,875 2% Licenses & Permits 1,192,100 3% Intergovernmental Revenue 3,413,643 9% Transportation Centers 2,000,000 5% Charges for Services and ISF Charges 4,132,115 11% Fines & Forfeitures ~ 206,690 1 Earnings on Investments 428,750 1% Miscellaneous and Operating Transfers 5,430,885 14% TOTAL ANNUAL REVENUES 38,539,945 100% Less Interfund Charges and Transfers (6,065,089) Net Annual Reveinuea 32;474,856 Annual Expenditures by Type: Municipal Services: Town Officials 1,136,071 3% Administrative Services & Risk Management 2,358,339 6% . Community Development & Housing 1,336,599 3% Police (Includes Communications Center) 5,326,042 14% Fire 1,620,054 4% Public Works & Streets 2,259,313 6% Parks & AIPP 935,965 2% Transportation & Parking 3,493,499 9% Facility & Fleet Maintenance 4,247,262 11% Library 791,826 2% Contributions, Marketing and Special Events 1,566,552 4% Health Insurance 1,750,078 5% Total Municipal Services '' 26;821,600 57% Capital Improvement Programs: Capital Projects Fund. 14,479,436 38% Real Estate Transfer Tax Fund Projects 3,821,544 10% Total Capital Improvement Programs 18;.300,980 39% .Debt Service 2;328,929 '' 5% TOTAL ANNUAL EXPENDITURES 47,451,509 100% Less Interfund Charges and Transfers (6,065,089) Net Annual Expenditures 41,386,420 3 Exhibit B Town of Vail Physical Assets Asset Quantity Quantity Unit Unit Cost Replacement Value Life cycle Roads > Streets 167,489 LF $ 400 $ 66,995,600 40 Vehicular bridges 36,395 SF $ 350 $ 12,738,250 50 Major Drainage Structures 16 EA $ 100,000 $ 1,600,000 50 Recreation Paths Path 80,500 LF $ 150 $ 12,075,000 25 Bridges 20,480 SF $ 250 $ 5,120,000 25 Buildings Parking Structures Village Structure 510,000 SF $ 125 $ 63,750,000 30 Lionshead Structure 436,000 SF $ 90 $ 39,240,000 30 Office Buildings City Hall 42,750 SF $ 200 $ 8,550,000 30 Community Development 7,000 SF $ 200 $ 1,400,000 30 Library 17,400 SF $ 200 $ 3,480,000 30 Golf Course Club House SF $ 200 $ - 30 Vtrc Terminal/ Info 4,000 SF $ 200 $ 800,000 30 LH Auxiliary 2,100 SF $ 200 $ 420,000 30 PW Admin 5,075 SF $ 200 $ 1,015,000 30 Nature Center 8,000 SF $ 200 $ 1,600,000 30 Dobson Ice Arena 35,000 SF $ 250 $ 8,750,000 30 Fire Stations 30 Main Vail 7,150- SF $ 200 $ 1,430,000 30 E Vail 7,500 SF $ 200 $ 1,500,000 30 Shops $ - 30 pW 37,750 SF $ 150 $ 5,662,500 30 Golf Course SF $ 150 $ - 30 Old Town Shop 6,400 SF $ 150 $ 960;000 30 FFE in the Buildings 25 % $ 34,639,375 Housing Buzzard Park 13,500 SF $ 175 $ $ 2,362,500 30 Creek Side 5,100 SF $ 175 $ 892,500 30 Vail Das Schone 1,100 SF $ 175 $ 192,500 30 Vail Heights 750 SF $ 175 $ 131,250 30 Innsbruck 850 SF $ 175 $ 148,750 30 Manager's Residence 3,100 SF $ 175 $ 542,500 30 Bus Shelters 15 EA $ 12,000 $ 180,000 15 Misc Bldgs 1 LS $ 2,000,000 $ 2,000,000 30 Park Rest Rooms 7 EA $ 125,000 $ 875,000 25 Playgrounds 8 EA $ 250,000 $ 2,000,000 15 Vehicles $ - Buses $ - Low Floor 10 EA $ 350,000 $ 3,500,000 12 35' 22 EA $ 300,000 $ 6,600,000 12 Cut away 7 EA $ 60,000 $ 420,000 8 Fire Trucks $ - Pumpers. 3 EA $ 325,000 $ 975,000 15 Aerials 2 EA $ 700,000 $ 1,400,000 15 Heavy Equipment 26 EA $ 103,135 $ 2,681,510 Graders 1 EA $ - $ - 8 Loaders 6 EA $ - $ - 6 Dump/Plow Trucks 7 EA $ - $ - 8 Light Vehicles $ - Utility vehicles 7 EA $ 57,125 $ 399,875 8 Light Trucks 50 EA $ 26,100 $ 1,305,000 6 Trailers 22 EA $ 11,625 $ 255,750 Small Equipment 1 LS $ 813,000 $ 813,000 5 Street Furniture 245 EA $ 1,000 $ 245,000 10 Signs 1 LS $ 850,000 $ 850,000 5 Street Lights 343 EA $ 4,000 $ 1,372,000 15 Fountains 3 EA $ 150,000 $ 450,000 15 TOTAL REPLACEMENT VALUE S 302,317860 Ex~rr c CAPITAL PROJECT FUND SUNIlVIARY OF REVENUES AND EXPENDITURES FY 2003 -2006 Allocation of Sales Ta: to CPF 32% 32% 30•/a 31% 2003 2004 2005 2006 Project Information Revenues: Sales Tax 6,540,065 6,768,967 7,005,881 7,251,087 h12000 allocates $250k to GF. Growth at 3.5%. Sales tax split between GF and CPF is 57 % and 43% respectively a change tiom 55.5% and 44.5% Allocation of Sales Tax to General Fund (1,869,044) (2,178,721) (2,711,085) (2,846,639) To fund economic development Net Sales Tax 4,671,021 4,590,246 4,294,796 4,404,448 Federal Grant Revenue 865,000 700,000 600,000 $1,257,625 is finalized; the rest is estimated Lease Revenue 149,480 149,480 149,480 149,480 Lease revenue from City Market & employee housing land lease COP revenue 4,800,000 Lease revenue for Fire Station and Truck CDOT Reimbursement Reimbursement for the roundabout construction Parking Assessments Revenue ti'om Parking Pay-in-Lieu Program Buy-Down Program 1,000,000 1,000,000 1,000,000 1,000,000 Sale of Deed Restricted Units Purchased by the Town Sale of Assets 750,000 Sale of Old Town Shops & Sale of portion of land in West Vail Transfer tiom HEF To Fund Town Shop Improvements Project Reimbursement 130,000 '03 is for Mill Creek Circle,'01 & '02 are radio tower reimbursements Interest Income & Other 100,000 100,000 100,000 100,000 Total Revenue ... ' ' ~ ': 11,71S;S01 `' 7,289,726. . 6,T44276 5,653,928 anz~oz Exhibit C 4 3:15 PM Allocation of Sales Taz to CPF Ezpentiitures: Equipment Purchases Fire Ttuck Replacement Fire truck for new station Less: COP Revenue Net Cost Document imaging GPS System for Buses Technology Upgrade Software & Hardware Upgrades Web Page DevelopmendEcommerce Laptop project for PD Radio System Repower Buses Replace Buses Less projected grant reimbursements Net cost to replace buses 800 MHz radio system Subtotal Equipment Purcbases 32% 32% 30% 31% 2003 2004 2005 2006 Project Information 485,000 Replace trucks at the end of their useful lives ~-'~ 4~~ 000 /f~-~ ' V Y ~ ~j, ~ l / ~, ~ ~ ~J ~ C Truck for new station included with building h (400,000) ~ ~ ow net cost. Informational adjustment only to s _ Infonnational adjustment only to show net cost. Estimate to provide imaging hardware and software town wide (implementation staff not included) 150,000 150,000 375,000 ln'04-'OS Outlying and sheltered stops, '06 replacement 50,000 50,000 50,000 50,000 Allocate a portion of capital projects fund to keep up with technology 150,000 150,000 150,000 150,000 Replacement of PC's 100,000 Web page development and futm-e credit card payments Laptops in police vehicles 2 new stations and radio towers. Towers are partially reimbursed 152,000 126,000 44,000 Replace transmissions and engines to extend useful life I ,300,000 I ,175,000 Replace buses at end of useful lives for outlying routes only (700,000) (600,000) Infonnational adjustment only to show net cost. 600,000 575,000 Informational adjustment only to show net cost. 152,372 Principal and interest payments to lease purchase radios in 1998 2,204,372 1,651,000 935,000 619,000 8/12/02 5 3:15 PM Exhibit C Allocation of Sales Taz to CPF Capital Maintenance Bus Shelter Replacement Bear Proof Trash Containers Capital Street Maintenance Subtotal Capital Maintenance Street Reconstruction Vail Valley Drive -Design Vail Valley Drive - I st Phase Soccer Field to Flannigan Ptarmigan East to Sunburst Mill Creek Circle Less Project Reimbursement Net cost West Third of East Vail Middle Third of East Vail Subtotal Street Reconstruction 32% 32% 30% 31% 2003 2004 2005 2006 Project Information 30,000 10,000 30,000 10,000 Replace I old shelter each year and add a new one every other year 40,000 In the Village 725,000 740,000 890,000 932,000 Preventive maintenance, patching, overlays and seal coats 795,000 750,000 920,000 942,000 340,000 840,000 744, 188 705.(1(Al l 130,00(1) 210,000 2,310,000 210,000 1,045,000 840,000 954,188 2,520,000 VV Drive Golden Peak to Sunburst, and Mill Creek Circle, with bike lane Reconstruct Vail Valley Drive in segments Reconsuvct Vail Valley Drive in segments Reconsuvct Vail Valley Drive in segments Infotmational adjustment only to show net cost. Informational adjustment only to show net cost. Bridge Rd, Columbine Dr, Sptvice Way, Sptvice Dr, Meadow Dr, Juniper Ln Reconsuvct East Vail in segments Exhibit C 5 6/12/02 3:15 PM Allocation of Sales Taz to CPF 32% 32% 30% 31% 2003 2004 2005 2006 Project Information Buildings & Improvements - Library Building Remodel 145,000 500,000 Remodel ofthe Library Building, Community Room and Public Restrooms Medians in Frontage Road 50,000 550,000 From roundabout to Blue Cow chute, includes signing, lighting and landscaping -adds maintenance costs -discuss moving to RETT Firestation Land Less Projected Revenue lnfonnational adjustment only to show net cost. Net Cost Informational adjushnent only to show net cost. New Fire Station Less projected COP revenue Net cost Fiber Optics in Buildings Dobson Ice Arena Way Finding lmprovements 4,400,000 (4,400,000) Study & review prior studies in 2001; constntction in 2002 Informational adjustment only to show net cost. lnfonnational adjustment only to show net cost. Town Shop fmp -Storage Project Town Shop fmp -Retaining Wall Donovan Park Pavilion Parking Structure lmprovements General Facility Improvements Subtotal Bldgs /Improvements Streetscape Projects West & East Meadow Drive Village Streetscape Design & Implementation Heating Pavers in Village Subtotal Streelscape Projects 70,000 100,0.00 435,000 535,000 440,000 450,000 305,000 324,000 260,000 450,000 5,405,000 1,909,000 700,000 1,000,000 VRD - to expand capacity Includes signs in town, on 1-70, and in parking structures -adds maintenance. EnUy sign is budgeted in 2005 Replace the storage at old town shops Design of back retaining wall to create space for expansion $1.7 million funded tirom CPF, $ I.5 million from GF Various Parking Structure Improvements Various Facility Capital Improvements 735,000 1,323,000 Consnvct su'eetscape plan, drainage lighting public art and landscaping -adds maintenance ti'om Library to Fire Station 140,000 140,000 140,000 140,000 Design in 2002, Implementation 2003-2006 350,000 350,000 350,000 350,000 Heating Costs only 1,225,000 1,813,000 490,000 490,000 Exhibit C 8112/02 7 3:15 PM Allocation of Sales Taz to CPF 32% 32% 30% 31% 2003 2004 2005 2006 Project Information Housing Program EHU for TOV Rental Pool 250,000 250,000 250,000 250,000 Estimates for rental units, not'for sale' units Mountain Bell Housing Ongoing Expenses Buy-Down Program 1,100,000 1,100,000 1,100,000 1,100,000 Purchase Price of Deed Restricted Units, Includes $IOOk Subsidy Less projected Buy Down revenue (1,000,000) (1,000,000) (1,000,000) (1,000,000) lnfonnational adjustment only to show net cost. Net cost 100,000 100,000 100,000 100,000 Infot~national adjusnnent only to show net cost. Subtotal Housing Program 1,350,000 1,350,000 .1,350,000 1,350,000 ~ ~` ~rl ( OtherImprovemente , ~S ~~U~l ` , Lionshead Master Plan Design costs to implement Town improvement Loading and Delivery Studies - Finish Project Street Light Improvement Program 75,000 75,000 75,000 75,000 Add new street lights and refurbish residential lighting program Infrastructure Improvements From Vail l'oday suggestions Drainage Improvements 75,000 75,000 75,000 75,000 Continue implementation of drainage master plan Subtotal Other Improvements 150,000 150,000 150,000 150,000 Total before Transfers 12,174,372 8,463,000 5,499,188 7,071,000 Exhibit C 6 8/12/02 3:15 PM Allocation of Sslee Taz to CPF 32% 32% 30% 31% 2003 2004 2005 2006 Project Information Transfer for Debt Service 2,334,053 2,332,153 2,331,703 2,331,703 "fo fund debt service on all Town bonds Debt Service on COP 200,830 401,661 401,661 401,661 Financed $4.8 million @ 5.5%, 20years. Total Ezpeadituree 14,709,255 11,196,814, S,Z32~52 9,804,364 Revenue Over (Under) Expenditures (2,993,754) (3,907,088) (2,088,276) (4,150,436) Ending Fund Balance (344,566) (4,2S1,6S3) (6,339,929) (10,490,366) Vi ~ ~. anzioz Exhibit C 9 3:15 PM Exhibit D Capital Needs List Revenues: 20 2003 2004 2005 2008 Project Information Sales Tax 6,540,065 6,768,967 7,005,881 7,251,087 Allocation of Sales Tax to General Fund (1,869,044) (2,178,721) (2,711,085) (2,846,639) Net Sales Tax 4,671,021 4,590.246 4,294,796 4,404,448 Federal Grant Revenue 865,000 700,000 600,000 Lease Revenue 149,480 149,480 149,480 149,480 COP revenue 4,800,000 Buy-Dawn Program 1,000,000 1,000,000 1,000,000 1,000,000 Sale of Assets 750,000 Project Reimbursement 130,000 3,000,000 9,000,000 3,000,000 Tax Increment Revenue ??~,??? ??~~~?? ???•~?? ??? ~?~ Interest Income & Other 100,000 100,000 100,000 100,000 Total Revenue 11,715,501 10,288,726 15,144,278 8,853,928 Elrpenditures: Debt Service Transfer for Debt Service Debt Service on COP Subtotal Debt Service Equipment Purchases Fire Truck Replacement Fire truck for new station GPS System for Buses Technology Upgrade Software 8 Hardware Upgrades Web Page DevelopmenUEcommerce Radio System RepowerBuses Replace Buses 800 MHz radio system Subtotal Equipment Purchases Capital Maintenance Bus Shelter Replacement Bear Proof Trash Containers Capital Street Maintenance Subtotal Capital Maintenance Street Reconstruction Vail Valley Drive - 1st Phase Soccer Field to Ptarmigan Ptarmigan East to Sunburst Mill Creek Circle West Third of East Vail Middle Third of East Vail Subtotal Street Reconstruction Buildings 8lmprovamenffi Library Building Remodel Medians in Frontage Road Medians New Fire Station Town Shop Imp -Storage Project Town Shop Imp -Retaining Wall Parking Structure Improvements General Facility Improvements Subtotal Bldgs I ImprovemeMa To fund economic development $1,257,625 is finalized; the rest is estimated Lease revenue from City Market 8 employee housing land lease Lease revenue for Fire Station and Truck Sale of Deed Restricted Units Purchased by the Town Sale of Old Town Shops 8 Sale of portion of land in West Vail Reimbursement from Private Developers Provided through either DDA or URA 2,334,053 2,332,153 2,331,703 2,331,703 To fund debt service on all Town bonds 200,830 401,661 401,661 401,661 Financed $4.8 million @ 5.5°/, 20years. 2,534,883 2,733,814 2,733,384 --, 2,733,364 inn ~ ~-'~,~ ;, ,~ 400,000 485,000 150.000 150,000 375,000 50,000 50,000 50,000 50,000 150,000 150.000 150,000 150,000 100,000 1sz,ooo 12s,ooo 44.000 1,300,000 1 ,175.000 152,372 2,204,372 1,651,000 935,000 619,000 Replace trucks at the end of their useful lives Truck for new station included with building In'04-'05 Outlying and sheltered stops, 'O6 replacement Allocate a portion of capital projects fund to keep up with technology Replacement of PC's Web page development and future credit card payments 2 new stations and radio towers. Towers are partially reimbursed Replace transmissions and engines to extend useful life Replace buses al end of useful lives for outlying routes only Principal and interest payments to lease purchase radios in 1998 30,000 10,000 30,000 10,000 Replace 1 old shelter each year and add a new one every other year 40,000 In the Village 725,000 740,000 890,000 932,000 Preventive maintenance, patching, overlays and seal coats 795,000 750,000 920,000 942,000 340.000 Reconstruct Vail Valley Drive in segments 840,000 Reconstruct Vail Valley Drive in segments 744,188 Reconstruct Vail Valley Drive in segments 705.000 210,000 2,310,000 Bridge Rd, Columbine Dr, Spruce Way, Meadow, Juniper 210.000 Reconstruct East Vail in segments 1,045,000 840,000 954,188 2,520,000 145,000 500,000 50,000 550,000 4,400,000 100,000 435,000 535,000 440,000 450,000 305,000 324,000 260,000 450,000 5,335,000 1,909,000 700,000 1,000,000 Remodel of Building, Community Room and Restrooms Roundabout to Blue Cow Study 8 review prior studies in 2001; construction in 2002 Replace the storage at old town shops Design of back retaining wall to create space for expansion Various Parking Structure Improvements Various Facility Capital Improvements 8/12/02 Exhibit D 1 3:15 PM 20 2003 2004 2005 2008 Projeetlnformatlon Streetscape Projects West & East Meadow Drive 735,000 1,323,000 Library to Crossroads Village Streetscape Design 8 Implementatic .140,000 140,000 140,000 140,000 Design in 2002, Implementation 2003-2006 Heating Pavers in Village 350,000 350,000 350,000 350,000 Heating Costs only Subtotal Streetscape Projects 1,225,000 1,813,000 490,000 490,000 Housing Program EHU for TOV Rental Pool 250,000 250,000 250,000 250,000 Estimates for rental units, not 'for sale' units Mountain Bell Housing Ongoing Expenses Buy-Down Program 1,100,000 1,100,000 1,100,000 1,100,000 purchase Price of Deed Restricted Units, Includes $100k Subsidy Subtotal Houaing Program 1,350,000 1,350,000 1,350,000 1,350,000 Other Improvements Street Light Improvement Program 75.000 75,000 75,000 75,000 Add new street lights and refurbish residential lighting program Drainage Improvements 75.000 75,000 75,000 75,000 Continue implementation of drainage master plan Subtotal Other Improvements 150,000 150,000 150,000 150,000 Redevelopment Related Improvements LH Frontage Road Improvement 5,000,000 5,000,000 5,000,000 LH Plaza Improvements 6,000,000 3,000,000 West LH Circle 1,500,000 East LH Circle 1,000,000 East LH Portal 3,000,000 North Day Lot 8,000,000 Village Streetscape Improvements 2,500.000 2,500,000 2,500,000 2,500,000 Subtotal Redevelopment 2,500,000 15,500,000 18,000,000 11,500,000 170 Nolae Abatement ??~,~?? ??~,??? ???,??? ??~.~?? Total Fxpendih~res 17,139,255 - 26;S96,B74__ . .28;232;551' ` 21,304 ,384 i ~ i Revenue Over (Under) Expenditures (5,423,754) (18,407,088) (11,088,278) (12,650,438) enzioz Exhibit D 2 3:15 PM DESIGN- REVIEW BOARD AGENDA Wednesday, August 7, 2002 3:00 P.M. PUBLIC MEETING RESULTS PUBLIC WELCOME PROJECT ORIENTATION /LUNCH -Community Development Department MEMBERS PRESENT Bill Pierce Hans Woldrich Charles Acevedo Margaret Rogers SITE VISITS 1. 800 mgz Repeater - 5004 Snowshoe Lane 2. McHugh residence - 4014 Bighorn Road 3. Gazioglu residence - 3120 Booth Falls Court 4. Spraddle Creek LLC residence - 1094 Riva Glen 5. Middle Creek - 160 N. Frontage Road 6. Pricker residence - 1370 Sandstone Drive 7. Donovan Park - 1600 S. Frontage Road 8. Sitzmark Lodge - 183 East Gore Creek 12:00 pm 2:00 pm Driver: Bill PUBLIC HEARING -TOWN COUNCIL CHAMBERS Ryerson residence DRB02-0196 Bill Final review of proposed addition 4859 Meadow Drive/Lot 16, Block 5, Bighorn Subdivision Applicant: Tony & Cindy Ryerson, represented by Beth Levine, Architect MOTION: Charles Acevedo SECOND: Hans Woldrich VOTE: 4-0 CONSENT APPROVED WITH 1 CONDITION: The proposed divided light windows and divided light door windows shall be constructed of divided glass, and shall not be constructed with window divider inserts. 2. Sitzmark Lodge DRB02-0230 Warren Final review of modification to bay window 183 East Gore Creek/Lot A, Block 5B, Vail Village 1St Filing Applicant: The Sitzmark at Vail, Inc., represented by Victor Mark Donaldson Architect MOTION: Charles Acevedo SECOND: Hans Woldrich VOTE: 4-0 CONSENT APPROVED 1 MEMBERS ABSENT Clark Brittain ;t 1'OWIV OF VAIL ~ 3:00 pm 3. Gazioglu residence DRB02-0227 Matt Final review of an addition to an existing residence 3120 Booth Falls Court/Lot 7, Block 2, Vail Village 12th Filing Applicant: Halide Gazioglu MOTION: Charles Acevedo SECOND: Margaret Rogers VOTE: 4-0 TABLED UNTIL AUGUST 21, 2002 4. McHugh residence DRB02-0217 Bill Final review of a proposed addition 4014 Bighorn Road/Lot 1 Gore Creek Park Applicant: David Irwin MOTION: Charles Acevedo SECOND: Margaret Rogers VOTE: 4-0 TABLED UNTIL AUGUST 21,.2002 5. 800 mgz Repeater DRB02-0248 Bill Final review of a proposed public utility installation 5004 Snowshoe Lane/Summer Recreational Area, Vail Meadows 1St Filing Applicant: Town of Vail MOTION: Charles Acevedo SECOND: Hans Woldrich VOTE: 4-0 CONSENT APPROVED WITH 2 CONDITIONS: 1. The Design Review Board's approval is contingent upon the applicant receiving the Planning and Environmental Commission's approval of a conditional use permit for this proposal. 2. The applicant shall paint the proposed building and tower to match the existing East Vail above grade water storage tank, prior to the issuance of final building inspection approval. 6. Spraddle Creek LLC DRB02-0256 Matt Conceptual review of proposed new single family residence 1094 Riva Glen/Lot 4, Spraddle Creek Applicant: Spraddle Creek LLC, represented by Michael English & Assoc. CONCEPTUAL - NO VOTE 7. Pricker residence DRB02-0252 Allison Conceptual review of stucco siding Eiger Chalets, 1370 Sandstone Drive, Units 7&8/Eiger Chalet Applcant: Helmut Pricker CONCEPTUAL - NO VOTE 8. Donovan Park Pavilion DR602-0181 George Final review of proposed new park pavilion 1600 S. Frontage Rd. West/Unplatted, Donovan Park Applicant: Town of Vail, represented by VAg, Inc. MOTION: Charles Acevedo SECOND: Margaret Rogers VOTE: 4-0` APPROVED WITH ONE CONDITION: 2 That the applicant submits a revised Design Review Board application to the Town of Vail Community Development Department for review and approval of the proposed kitchen vent equipment should the applicant choose to install a commercial kitchen. A revised application shall be approved prior to the issuance of a building permit for the construction of the pavilion. 9. Middle Creek DR602-0060 Allison Conceptual review of a proposed employee housing project & Early Learning Center 160 N. Frontage Rd./Lot1, Middle Creek Subdivision Applicant: Vail Local Housing Authority, represented by Odell Architects CONCEPTUAL - NO VOTE Staff Approvals Cannon residence DRB02-0223 Warren Re-roof and re-paint 616 Forest Road/Lot 5, Block 1, Vail Village 6th Filing Applicant: George R. Cannon Johnston residence DR602-0228 Amanda Change to approved plan for an air conditioning unit addition 1184 Cabin Circle/Lot 2, Block 2, Vail Valley 1St Filing Applicant: Paul R. & Sarah Johnston Snowstorm LLC residence DR602-0237 Installation of air conditioner compressor 2009 Sunburst Drive/Lot 15, Vail Valley 3~d Filing Applicant: Snowstorm LLC Amanda The Falls at Vail DRB02-0241 Warren Re-roof 3850-4010 Fall Line Drive/Pitkin Creek Townhouses Applicant: The Falls at Vail Pachmeyer residence DRB02-0232 New siding; Replace window and decking 4200 Columbine Way, #4/Bighorn Terrace Applicant: Allen & Susan Pachmayer Warren China Garden Too DR602-0235 Allison Relocate existing sign 143 E. Meadow Drive/Lot P, Block 5D, Vail Village 1St Filing Applicant: China Garden Too China Garden Too DRB02-0236 Allison Patio tables and chairs moved from inside for temporary outdoor use 143 E. Meadow Drive/Lot P, Block 5D, Vail Village 1St Filing Applicant: China Garden Too Lemwood Corp at Northwoods DRB02-0219 Allison Enclose deck, new dormer, remodel kitchen and bath and paint 600 Vail Valley Drive, Building C, Unit 5/Pinos Del Norte Applicant: Pinos Del Norte Apartamento & Tom Noonan Northwoods DRB02-0226 Allison Tree removal (6), 2' stone wall addition, railing and column addition & guard rail & fence removal & waterproofing 600 Vail Valley Drive/Block B, Northwoods Condominiums Applicant: Northwoods Condominium Association Bellville residence DR602-0243 New berm 4440 Glen Falls Lane/Lot 14, Forest Glen Applicant: Walter & Linda Belleville Amanda Central Missouri Realty Co. DRB02-0247 Amanda Repair deck and portion of fence removal 1012 Eagles Nest Circle/Lot 2, Block 6, Vail Village 7th Filing Applicant: Sam B. Cook Trustee Deharo residence DRB02-0242 Warren Increase height of slider and addition of two windows Treetops Condos, Unit #7A, 452 E Lionshead Circle/Lot 6, Vail Lionshead 15t Filing. Applicant: Fernando & Marialuisa Deharo The applications and information about the proposals are available for public inspection during regular office hours in the project planner's office, located at the Town of Vail Community Development Department, 75 South Frontage Road. Please call 479-2138 for information. Sign language interpretation available upon request with 24 hour notification. Please call 479- 2356,Telephone for the Hearing Impaired, for information. 4 PLANNING AND ENVIRONMENTAL COMMISSION PUBLIC MEETING Monday, August 12, 2002 PROJECT ORIENTATION / -Community Development Dept. PUBLIC WELCOME 11:30 am MEMBERS PRESENT MEMBERS ABSENT Site Visits : 12:30 pm 1. East Vail Water Tank - 5004 Snowshoe Lane 1. Hamelin residence - 5167 Gore Circle 2. Vail Mtn. School - 3160 N. Frontage Rd. 3. Club Chelsea - 123 S. Frontage Rd. 4. Middle Creek 160 N. Frontage Rd. Driver: George -~ NOTE: If the PEC hearing extends until 6:00 p.m., the board may break for dinner from 6:00 - 6:30 Public Hearing -Town Council Chambers 2:00 pm A request for a variance from Section 12-66-6 (Setbacks), Vail Town Code, to allow for a garage encroachment in the rear setback, located at 5167 Gore Circle/Lot 12, Block 3, Bighorn Subdivision 5th Addition. Applicant: Rolland S. Hamelin Planner: Matt Gennett 2. A request for a conditional use permit, to allow for a public utility installation, located at the East Vail Water Tank, 5004 Snowshoe Lane/Summer Recreational Area, Vail Meadows Filing 1. Applicant: Town of Vail Planner: Bill Gibson 3. A request for a final review and recommendations of the following applications related to the proposed redevelopment of the Vail Mountain School: 1) A request for a recommendation to the Vail Town Council to rezone 3010 Booth Falls Road/Lot 11, Block 2, Vail Village 12th Filing from Two-Family Residential to General Use; 2) A request for a recommendation to the Vail Town Council to rezone a portion of Lot 12, Block 2, Vail Village 12th Filing from Agriculture & Open Space to General Use; 3) A request for a recommendation to the Vail Town Council to rezone Tract C, Block 1, Vail Village 12th Filing from Two-Family Residential to General Use; 4) A request for a recommendation to amend the official Town of Vail Land Use Map for Tract C, Block 1, Vail Village 12th Filing from Low Density Residential to Public/Semi-Public; ih TOWN OF PAIL ~ 5) A request for an amendment to the previously approved development plan and a new conditional use permit for a private educational institution and an active outdoor recreation area at 3010 Booth Falls Road/Lot 11, Block 2, Vail Village 12tH Filing and 3160 N. Frontage Road East/ Lot 12, Block 2, Vail Village 12tH Filing; 6) A request for a conditional use permit to allow for the construction of eight Type III EHUs located at Tract C, Block 1, Vail Village 12tH Filing; 7) A request for a conditional use permit to allow for temporary modular classroom structures located at 3160 N. Frontage Rd. East/apart of Lot 12, Block 2, Vail Village 12tH Filing; 8) A request for a recommendation to the Vail Town Council to amend the Official Town of Vail Rockfall Hazard Map to indicate approved mitigation for 3160 N. Frontage Road/Lot 12, Block 2, and Tract C, Block 1, Vail Viliage 12tH Filling; 9) A request for a final review of a preliminary plat for a major subdivision in accordance with Title 13, Chapter 3, Vail Town Code, and setting forth details in regards thereto, located at Lots 11 and 12, Block 2, Vail Village 12tH Filing and Tract C, Block 1, Vail Village 12tH Filing. Applicant: Vail Mountain School, represented by Braun Associates, Inc. Planner: Puss Forrest 4. A request for a recommendation to the Vail Town Council to of an amendment to Section 12- 7A-7 (Height), Vail Town Code, to increase the maximum allowable building height in the Public Accommodation Zone District. Applicant: Bob' Lazier, represented by Jay Peterson Planner: George Ruther/Warren Campbell 5. A request for a final review of a final plat for a major subdivision; a request for a final review of a conditional use permit to allow for a private educational institution and development plan approval to construct employee housing; and setting forth details in regards thereto, located at the site known as "Mountain Bell"/an unplatted piece of property, located at 160 N. Frontage Rd./to be platted as Lot 1, Middle Creek Subdivision. Applicant: Vail Local Housing Authority, represented by Odell Architects Planner: Allison Ochs 6. A request for a recommendation to the Vail Town Council to amend the Donovan Park Master Plan and a request for a final review of an amendment for the previously approved development plan, to allow for the construction of the Donovan Park Pavilion, located at 1600 S. Frontage Rd. West/Unplatted Donovan Park. Applicant: Town of Vail, represented by VAg, Inc. Planner: George Ruther 7. A request for a minor amendment to Special Development District No. 6, to allow for an expansion of commercial uses into common area, located at 123 S. Frontage Rd. West/Lots M,N, &O, Vail Village 1St Filing. Applicant: Club Chelsea, represented by JMP Architects Planner: Warren Campbell Staff Approvals VML LLC PEC02-0011 George Final review of townhouse Plat Review 285 Bridge Street/Vail Mountain Lodge, Vail Village 1St Filing Applicant: VML LLC, represented by Bailey & Peterson 2 7. Approval of July 22, 2002 minutes 8. Information Update The applications and information about the proposals are available for public inspection during regular office hours in the project planner's office located at the Town of Vail Community Development Department, 75 South Frontage Road. Please call 479-2138 for information. Sign language interpretation available upon request with 24 hour notification. Please call 479- 2356, Telephone for the Hearing Impaired, for information. Community Development Department Published August 9, 2002 in the Vail Daily. August 8, 2002 To: The Vail Town Council From: Lodging Advisory Council Stan Cope and Rob Levine, Co-Chairs Re: Project Overview-Vail Conference Facility Project Scope: Overall facility is approximately 100,000 square feet and includes 2 flexibly designed large meeting rooms of approximately 20,000 square feet, 2 flexibly designed smaller rooms of approximately 5000 square feet, prefunction areas, storage and circulation, kitchens adequate to service meeting rooms of this size. Project is contemplated at this time to be on one level. Also included is a two level parking garage including approximately 250 spaces adjacent to the building. Site plan will be available by August 20, 2002. Location: Approximately 6 acre site across South Frontage Road from Vail Spa Condominiums and Eagle River Water and Sewer District offices, currently housing the Vail Resorts maintenance facility. Site is within easy walking distance of Cascade Hotel and Spa, and other Lionshead lodging facilities with approximate bedbase of 1200 units. Site is also on current Town of Vail bus route providing access for other Vail lodging properties. Proposed Funding: The Town is being asked to issue revenue bonds in an amount between $40 and $46 million, depending on the final cost estimates and coverage required by bond counsel. The bonds would be paid back through the imposition of a short-term occupancy tax on lodging within the Town of Vail of 1.5%, and an increase in the general sales tax of .5%. Both of these tax components can be combined into one ballot issue, and it is recommended that these incremental taxes "sunset" upon retirement of the bonds. Based on preliminary work, we anticipate that this is adequate to cover the bond payments, capital reserves, and operating reserves. Final cost estimates/repayment plans will be discussed on August 20 Ownership/Operational Structure: It is recommended that the Town of Vail own the facility and that no other "intervening" authority be created. The Town should then seek and retain a professional management company specializing in facilities of this type, to manage the project. There are currently two companies of this type operating in Colorado, both of which have expressed preliminary interest in managing the facility, and numerous other companies exist throughout the United States. CSL International, which has been engaged to provide a current feasibility and economic impact study, will present recommendations regarding the issuing of an RFP for management as part of their report on August 20. Economic Impact: Based on the study generated by the Town's contract with Economic Research Associates as part of the Vail Center plan, the conference center may be reasonably expected to generate 60,000 incremental visitors during it's first year of operation, resulting in incremental expenditures of $33 million in retail, restaurant, lodging, and other activities. This generates an incremental $1.3 million in incremental sales tax, not counting the revenue generated to retire the bond debt. CSL International has been retained to provide a new feasibility study and will present its finding on August 20. Campaign Strategy: The Lodging Advisory Council strongly believes that this facility is only one component of the "Vail Renaissance," and that all proposed improvements in Lionshead and Vail Village are necessary for future economic viability. The campaign conducted to support the Conference facility would support the Town of Vail's proposed tax increase to support infrastructure improvements as two components of a significant "revitalization" of Vail. ~~~~~ ~~ C' C : %a~ /~~ ~C.wav August 6, 2002 Mayor and Town Council Planning and Environmental Commission resign review Board 75 South Frontage Road, West Vail, CO 81657 Dear Mayor and Town Council: I as a Property Manager I believe that the size of the proposal for the Mountain Bell Site is incompatible with the beauty and world-class scenic image of Vail's main entrance. I urge the Town of Vail to significantly reduce the size of the housing project or move it to a more appropriate venue. While I recognize the importance of affordable employee housing, we urge the Town to preserve and protect Vail's image as visitors first enter our beautiful Village. As at all other resorts, employee housing should not be the first visual visitors will encounter. Truly affordable employee housing should not be attempted where it is neither appropriate nor affordable. Since ly, ~~~~ `v~'ul~ ng T ieotiig /~ General Manager r ~,~ The Lodge at Vail, 174 East Gore Creek Drive, Vail, Colorado 81657, USA ~o'~ ;,Q, ~~ Telephone (970) 476-5011 Facsimile (970) 476-7425 Y'ra°Z~~ZU'deY Internet: www.lodgeatvail.com T T ~~;~~ ~~~ ~c . KENNETH S. BROWN, TRUSTEE THE ELIZABETH ROSS JOHNSONAMENDED & RESTATED REVOCABLE TRUST INDENTURE U/A/D S/13/98 c/o Brown Raysman Millstein Felder & Steiner LLP 900 Third Avenue New York, New York 10022 August 7, 2002 FEDERAL EXPRESS Mayor and Town Council Planning and Environmental Commission Design Review Board Town of Vail Town Council 75 South Frontage Road, West Vail, Colorado 81657 Re: 345 Millcreek Circle, Vail, Colorado Gentlemen: ~' ~~~ ~~ As a property owner, we believe that the size of the proposal for the Mountain Bell Site is incompatible with the beauty and world class scenic image of Vail's main entrance. We urge the Town of Vail to significantly reduce the size of the housing project or move it to a more appropriate venue. While we all recognize the importance of affordable employee housing, we urge the Town to preserve and protect Vail's image as visitors first enter our beautiful Village. As at all other resorts, employee housing should not be the first visual visitors will encounter. Truly affordable employee housing should not be attempted where it is neither appropriate nor affordable. Sincerely, c---_.--- --~ l~ K S. Brown, Trustee cc: Vail Village Homeowners Association, Inc. (BY TELECOPIER) BRMFSI 336565v1 FROM PAUL DUDZINSKI FAX N0. 9704842078 May. 21 1998 06:48AM P1 C'~ : 7-,awn, Paul J. and Katherine W. Dudzlnski ,~,dr 3309 Canadian Park Way ~~ Port Collins, CO 80524 ~/~~ and Skaal Nus 1, Unit ~4 141 W. Meadow Drive Vail, CO 81657 August 7, 2002 Town of Vail Town Council 75 South Frontage Road, West Vail, CO 81657 e-mail <towncouncil@ci.vail.co.us> Fax: 970-479-2157 Dear: Mayor and Town Council Planning and Environmental Commission Design Review Board We, as property owners, believe that the size of the proposal for the Mountain Bell Site is incompatible with the beauty and world-Gass scenic image of Vail's main entrance. We urge the Town of Vail to sign'rficanly reduce the size of the housing project or to move it to a more appropriate venue. While we all recognize the importance of affordable employee housing, we urge the Town to preserve and protect Vail's image as visitors first enter our beautiful Village. As at all ether resorts, employee housing should not be the first visual visitors will encounter. Truly affordable employee housing should not be attempted where it is neither appropriate nor affordable_ We are well aware of the exciting plans that are being created for all of Vail, including the Vail Front Door and Uonshead, etc. and are anticipating playing our part in helping it happen. We would be much less interested in participating 'rf this ill conceived project at the Mountain Bell Site goes through in its current form. It is not congruent to create a well conceived upgrade to our Village, and to try to use outdated, less than attractive, plans for the actual entrance from the interstate. We hope you will reconsider at this important stage in planning, as the future outcome will be of great importance to Vail as a whole. Sin rely, ~ ,~~ Paul J. Du ~ inski, M.Q. ~ ~ ~ ~~ `~~.~nz` Katherine W. Dudzins i AUG. 9.2002 9~56AM TESSY PLASTICS N0.105 P L'G' : %~Q"trx. . ~p~o ?~~ Mr, & Mrs. Henry Beck 3037 East Lake Road Skaneateles, IvX 13],52 August 9, 2002 TQWN OF VA1L Town Council 75 South Frontage Road, 'V'est Vail, CO 81657 Dear: Mayor and Town Council Planning and Environmental Commission Design Revie~uV Board 'We believe that the size of the proposal for the Mountain Bell Site is incompatible wi[h the beau[y and world-class scenic image of Vail's main entrance. We urge the Town of Vail [o significantly reduce xhe size of the housing project or move it to a more appropriate venue, While we all recognize the impoztance of affordable employee housing, we urge the Town to preserve and protect Van's image as visitors first enter our beautiful Village. As at all other resorts, employee housing should not be the first visas] visitors will encounter, Truly affordable employee housing should not be attempted where it ie neither appropriate nor affordable. Sincerely, / ~~ Helga B ck .,:;,. He Scorpio Property Owners #405 AUG. 9.2002 7~13AM CASTLE REALTY GROUP FREDERICK WYMAN II 93 W~-IIPP~CRWILL ROAD ' ARMQNK, IV~W YORK 1 D6ggr1 109 c91 al z~~-s 1 1®FAX ~a ~ a~ s~9•a 143 Via Fag: (970) 479-2157 August 8, 2002 Town of Vail Town Council 75 South Frontage Road, West Vail, CO 81657 Ei.E: Mountain Be11 Affordable Housing Proposal Dear Mayor Kurz & Member of the Town Council; N0.705 P.1i1 CMG . Tam, C ~_. i~~ z recently saw the elevations of the near at~ordable housing der-elopinern on the Mountain Bell property and was appalled by the scale and scope of the envisioned development. Like all long term property owners in Vail I am acutely ar~vare of the need for affordable employee housing. I am also aware of the efforts made by all over many years to enjoy the charming, rustic alpine character of Vail. This horrendous massive architect~1ra11y undistinguished structure proposed for the entrance to Vail does nothing to enhance the ambience. Quite to the contrary its impact will be deleterious. As I understand it the costs ofthe project are estimated to the point where it is no longer affordable unless muniapally subsidized. Clearly the Town Board needs to revisit the wisdom of proceeding with this ill conceived proposal as currently presented. sincere y, ~- Fr Brick Wy II Pra eriy Owner & Pr ., Ail seasons Condominium Association Fw:ml 'V'ail~Mtu Bell A$Ha Pro 8802 cc: Jim Lamome, Via Fax: (970) 827,5856 East Village I:Iomeowners Association AUG-OS-2002 13 53 R4ugusC 8, 2002 2 Dear: Mayor and Town Council Planning and Environmental Commission Design Review Board ~~~ ~~~ mac' .• caz.~w ~' ~~J ~~ As a Vail property owner, I believe that the size of the proposed Mountain Bcll Site is incompatible with the beauty and world~class scenic image of Vail's main entrance. P.02i02 I urge the Town of Vail to significantly reduce the size of the housing project or move it to a more appropriate site. While Y recognize the importance of affordable employee housing, I urge the Town to preserve and protect Vail's image as visitors first enter our beautiful Village. Certainly employee housing should not be the first sight that our visitors encounter. Affordable employee housing should not be attempted where it is neither appropriate nor affordable. Sincerely, J o Ann Fitzpatrick Brown Mill Creel< Court 301 302 Hanson Ranch Road Vail, CO 81657 TOTAL P.02 MEMORANDUM TO: Vail Town Council FR: Bob McLaurin, Town Manager DT: August 9, 2002 RE: SPECIAL WORKSESSION TUESDAY, AUGUST 13, 2002 We are in the process of preparing a memo to provide background information for your discussion on capital projects, budgeting, and election issues. Due to my vacation and the complexity of preparing this document, it has not been included in the packet. It is my expectation that this document will be completed late this afternoon or early tomorrow morning. It is my intention to a-mail it to you, along with the associated spreadsheets. If you have questions, please do not hesitate to call me at home (476-7388) or on my cell phone (376-3158) this weekend. August 9, 2002 TOWN COUNCIL Attached is a letter from the VRD I would like to discuss with the Council next Tuesday before responding to. Bob McLaurin Attachment ~~ ~' :- .. ~~ .. Vail Recreation D I S T R I C T 700 S. Frontage Road East Vail; Colorado 81657 970.479.2279 f 970.479.2197 www.vailrec.com VAn. GOLF CLUB 1778 Vail Valley Drive 479.2260 f 479.2355 GOLF MAINTENANCE 1278 Vail Valley Drive 479.2262 f 479.3451 PARK MAINTENANCE 700 S. Frontage Road East 479.2457 f 479.2197 VAn. TENNIS CENTER 700 S: Frontage Road East 479.2294 f 479.2281 JOHN A. DOBSON ARENA 321 Lionshead Circle 479.2271 f 479.2267 VAIL YOUTH SERVICES 395 E. Lionshead Circle 479.2292 f 479.2835 VAIL NATURE CENTER 601 Vail Valley Drive 479.2291 f 479.3459 MARKETING 700_ S. Frontage Road East 479.2446 f 479.2197 ADULT & YOUTH SPORTS 700 S. Frontage Road East 479.2280 f 479.2281 August 7, 2002 Mr. Bob McLaurin Manager Town of Vail 75 South Frontage Road Vail, CO. 81657 Dear Bob, The Vail Recreation District Board of Directors is extremely concerned with the continuation of the gymnastics program in Vail, as the demolition of the gymnastics facility seems imminent within the next eighteen months. Over the course of the last three years the Vail Recreation District (VRD) has taken a very pro-active role in attempting to construct a facility that would satisfy not only this need, but provide for the future.expansion of recreation programs.in Vail. In 1999 the VRD proposed a gymnastics facility on the North side of Dobson Ice Arena, but was denied the opportunity by the Planning and Environmental Commission. During the Hubsite project (2000 - 2001), the VRD proposed a gymnastics facility as a component of this project, and shared the cost for designing such a facility with the Town of Vail. Unfortunately this project has been postponed. Realizing that Donovan Park will be a perfect solution for keeping the gymnastics facility in Vail, we shared the design cost for the Donovan Park project with the Town of Vail. Once again the gymnastics facility was eliminated from the final Donovan Park design. To date the Vail Recreation District has spent in excess of $300,000 on design fees with a solution to realizing a new facility yet to be solidified. We appreciate the continuous efforts by the Town of Vail Council in relocating the, gymnastics program in Vail, and are very thankful for your assistance impossibly relocating the program at. the Red Sandstone Elementary School site. What we need from the Town of Vail Council is a commitment towards a first class gymnastics/multi-purpose recreation facility in Vail as we strive to be the premier provider of quality recreation programs in the Vail Valley. Sincerely, ~~/ Piet Pieters Director Vail Recreation District cc. VRD Board Or visit us on the web at: www.vailrec.com August 9, 2002 TOWN COUNCIL Attached is a letter from the VRD I would like to discuss with the Council next Tuesday before responding to. Bob McLaurin Attachment August 7, 2002. -~ ' •..Vail Recreation. • ; , . ' _ • . • . D• I S T R' ' I •' C T ~ Mr. B`ob McLaurin _ ..Manager ° , _ ' Town of Vail 700 S. Frontage Road. East 75 South Frontage Road ': ' Vail; Colorado 81657 ~ Vail, CO. 81,65.7. ~ ' . • •' ~. ~ 970:479.2279 ' .. _ . f 970.479.2197 ~ . ~ ~ ~. , www:vailrec.com ~ Dear Bob, . • ,- .. • . V , ~ The Vail~Recreation District Board of Directors is extremely concerned VAIti GOLF CLUB .with the ~contmuaton of the,gyinnastics program in Vail; as the demolition of the 1778 Vail valley Drive gymnastics facility seems irruninent within the next eighteen months. Over"the. 479.2260 _ .. ' ~ f'4.79.z355.. course :of the last'three years the Vail Recreation District (VRD) has taken a - ' . very pro-active role in attempting. to construct a facility that would satisfy not - • only this-need, bufprovide for the future expansion of recreation programs,in - GOLF MAINTENANCE - 1278.Vai1 Valley Drive Vall.. .. _ 479.2262 - ' f 479.3451 In -1999 the VRD .proposed a'gymnastics facility on the North side of , Dobson Ice Arena, but was~denied the opportunity.by the Planning and ' PARK MAIlVTENANCE Environmental Commission. During the Hubsite projecf (2000 =:2001); the 700 S.. Frontage Road East VRD proposed a gymnastics facility as a componenfof this project,~and shared ' ' ~ 479.2457 the cost for designing such a facility with the Town of Vail. Unfortunately this . f 479.2197 project,has been posjponed. Realizing that Donovan Park will be a perfect . ~ solution for keeping the gymnastics facility in Vail; we shared the design cosf VAIL TENNIS CENTER, _ ~ for the Donovan Park project with the Town of Vail. Once again the gymnastics • ~ 700 S. Frontage Road East facility.was eliminated from the" final~Donovan Park design. To date the Vail' 479.2294 Recreation District has spent,in excess of $300,000 on design fees with a -. • f.479.2281, solution to realizing a riew facility yet to be solidified. - loHN A. DossoN.AIZENn ~ We appreciate the continuous efforts by the Town of Vail'Council"in 1. • ' 321 Lionshead"Circle. relocating the_ gymnastics program in Vail, and are very thankful for your 479.2271 .assistance in possibly relocating the program at• the Red. Sandstone Elementary • f 479.2267 - ' ~ Schoolsite. What we need.from the •Town of Vail Council is a commitrrient ~ . ' ' • towards a first class gymnastics/multi-purpose recreation facility in Vail as we '; • VAIL Yotm-I SERVICES ~ strive to be the"premier provider of quality recreation programs in the Vail • 395 E. Lionshead Circle Valley. , • 479.2292 ' f,479.2835 ~ , ` • - VAIL.NATURE CENTER : - S1nC0rely,' ~ ~ .. - 601 Vail-Valley Drive _ • .479.2291. . , . .. • . ~ . ' , f 479.3459 //f~'6C1~1./ ~ _ .MARKETING Plet_PleterS - , -. ~ , 700, S. Frontage,Road' East DirectOI - . ~ - ~ ~ ' • 479,2446 Vail Recreation"District f 479.2197• , ~. - ADULT Sc YOUTH SPORTS - ~ CC~.- VRD Board _ .. ~ . ': 700 S. Frontage Road, East 479..2280 . ` f 479.2281 . - Or. visit us on the web at: ~ ~ ~ ~ ~ ~ ~~ ~ ~ ~~ www.vailreccom - ~ .. s _ . , ~ . FROM PAUL DUDZINSKI FAX N0. 9704842078 May. 21 1998 06:48AM P1 Paul J. and Katherine W. Dudzlnski 3309 Canadian Park Way Fort Collins, CO 80524 and Skaal Hus I, Unit ~4 141 W. Meadow Drive Vail, CO 81657 ~' y`~7 iP~~ ;~FII NJ `~ c_a ~~. ~~~ August 7, 2002 Town of Vail Town Council 75 South Frontage Road, West Vail, CO 81657 e-mail <towncouncil@ci.vail.co.us> Fax: 970-479-2157 Dear: Mayor and Town Council Planning and Environmental Commission Design Review Board We, as property owners, believe that the size of the proposal for the Mountain Bell Site is incompatible with the beauty and world-class scenic image of Vail's main entrance. We urge the Town of Vail to sign'rficanly reduce the size of the housing project or to move it to a more appropriate venue. While we ail recognize the importance of affordable employee housing, we urge the Town to preserve and protect Vail's image as visitors first enter our beautiful Village. As at all other resorts, employee housing should not be the first visual visitors will encounter. Truly affordable employee housing should not be attempted where it is neither appropriate nor affordable_ We are well aware of the exciting plans that are being created for all of Vail, including the Vail Front Door and Lionshead, etc. and are anticipating playing our part in helping it happen. We would be much less interested in participating if this ill conceived project at the Mountain Bell Site goes through in its current form. It is not congruent to create a well conceived upgrade to our Village, and to try to use outdated, less than attractive, plans for the actual entrance from the interstate. We hope you will reconsider at this important stage in planning, as the future outcome will be of great importance to Vail as a whole. Sin erely, ~~ Paul J. D ~ inski, M. D. ~~a~ ~~ ~ . Katherine W. Dudzins i JAY ,A. PRECOi[JR'>r 328 Mill Creed Circle Vail, Colorado 81657 (970) 477-2579 Fax (970) 477-2588 August 7, 2002 Dear: Mayor Kurz and Town Council Planning and Environmental Commission Design Review Board ~~. ~~ ~~ We plead with the Town of Vail to drastically reduce the size of the Mountain Bell employee housing projecC and/or move it to a more appropriate venue. We, as Town of Vail property owners, believe that the size of the proposal is incompatible with the beauty and world- class scenic image of Vail's main entrance. In our opinion the proposed location conflicks with the best interests of our World Class resort Town. While we all recognize the importance of affo able employee housing, (is this project really affordable now?), we urge the Town to preserve and protect Vail's image as visitors from all over the U.S.A. and the World first enter our beautiful Village. Employee housing should not be the first visual visitors will encounter. iit is not at other high quality resorts. Truly affordable employee housing should not be attempted where it is neither appropriate nor affordable. Furthermore, this oversized projectdC slcetic valuesly Whattour beautiful Vildlage needs is downgrades and diminishing of property codes. an improving tax base to support and afford Village upg Thank you for your thoughtful reconsideration of this landmark decision! Sincerely, Molly and Jay Precourt Vail, CO 81657 ZO 'd bZ ~ £I ZOOZ 6 find 88~ZZZbOZ6 ~ Xp~ 1~f1003~d Jldt' AUG-08-2002 13 53 2 P.02i02 August 8, 2002 Dear: Mayor and Town Council Planning and Environmental Commission Design Review Board . ~U~ :: ~' ~~ ,~~ ov As a Vail property owner, I believe that the size of the proposed Mountain Bell Site is incompatible with the beauty and world~class scenic image of V'ail's main entrance. I urge the Town of Vail to significantly reduce the size of the housing project or move it to a more appropriate site. While I recognize the importance of affordable employee housing, I urge the TowrA to preserve and protect Vail's image as visitors first enter our beautiful Village. Certainly employee housing should oat be the first sight that our visitors encounter. Affordable employee housing should not be attempted where it is neither appropriate nor affordable. sincerely, Jo Ann Fitzpatrick Brown Mill Creek Court 301 302 Hanson Ranch Road Vail, CO 81657 TOTAL P.02 AUG. 9.2062 9.56AM TESSY PLASTICS N0. 165 P.1C ~~~pp 7~~ Mr, & Mrs. Henry Beck 3037 Bast I.,ake Road Skaneateles, I~jX 13].52 August 9, 2002 TQWN OP VAIL Town Council 75 South Frontage Road, 'QV'est Vail, CO 81657 Dear: 1Vlayor and Town Council Planning and Environmental Comnvssion Design ltevieW Board We believe that the size of the proposal for the lV~[ountain Bell Site is incompatible with the beauty and world-class scenic image of Vail's main entrance. We urge the Town of Vail to significantly reduce the size of the housing project or move it to a more appropriate venue, While we all recogni2e the importance of affordable employee housing, we urge the Town to preserve and protect Van's image as visitors first enter our beautiful Village, As at all other resorts, employee housing should not be the first Visual visitors will encounter, Truly affordable employee housing should not be attempted where it ie neither appropriate nor affordable. Sincerely, r Helga B ck ,. .''',' He Scorpio Property Owners #fi405 August 6, 2002 Mayor and Town Council Planning and Environmental Commission Design Fceview Board 75 South Frontage Road, West Vail, CO 81657 Dear Mayor and Town Council: ~~~ .A~1 ~' e : %a~ /~~ ~Gwrsv I as a Property Manager I believe that the size of the proposal for the Mountain Bell Site is incompatible with the beauty and world-class scenic image of Vail's main entrance. I urge the Town of Vail to significantly reduce the size of the housing project or move it to a more appropriate venue. While I recognize the importance of affordable employee housing, we urge the Town to preserve and protect Vail's image as visitors first enter our beautiful Village. As at all other resorts, employee housing should not be the first visual visitors will encounter. Truly affordable employee housing should not be attempted where it is neither appropriate nor affordable. Since ly, `v~~c-1 g T iebriig J General Manager ~ The Lodge at Vail, 174 East Gore Creek Drive, Vail, Colorado 87.657, USA ~~ ~~ ' Telephone (970) 476-5011 Facsimile (970) 476-7425 Yea Z~? b~ l T ~ Internet: www.lodgeatvail.com _~_ ~~ C'c KENNETH S. BROWN, TRUSTEE THE ELIZABETH ROSS JOHNSONAMENDED & RESTATED REVOCABLE TRUST INDENTURE U/A/D S/13/98 c/o Brown Raysman Millstein Felder & Steiner LLP 900 Third Avenue New York, New York 10022 August 7, 2002 FEDERAL EXPRESS Mayor and Town Council Planning and Environmental Commission Design Review Board Town of Vail Town Council 75 South Frontage Road, West Vail, Colorado 81657 Re: 345 Millcreek Circle, Vail, Colorado Gentlemen: ~' ~~~ ~~ As a property owner, we believe that the size of the proposal for the Mountain Bell Site is incompatible with the beauty and world class scenic image of Vail's main entrance. We urge the Town of Vail to significantly reduce the size of the housing project or move it to a more appropriate venue. While we all recognize the importance of affordable employee housing, we urge the Town to preserve and protect Vail's image as visitors first enter our beautiful Village. As at all other resorts, employee housing should not be the first visual visitors will encounter. Truly affordable employee housing should not be attempted where it is neither appropriate nor affordable. Sincerel , ~... J.Y _....___--, J / 1~ K S. Brown, Trustee cc: Vail Village Homeowners Association, Iric. (BY TELECOPIER) BRMFS 1 336565v1 AUG. 9.2002 7~13AM CASTLE REALTY GROUP e~REDERICK WYMAIV II 93 W~-IIPPGDRWILL ROAD ' ARMQNK~ NSW YORK 1 D6g4^1 109 (914) 279-51 1®FAX i®~.al s7a•a 14s Via ]!'$B: (970) 479-2157 August 8, 2002 Town of Vail Town Council 75 South Frontage Road, West Vail, COS 1657 RE: Mountain Se11 Affordable Housing Proposal Dear Mayor Kurz & Member of the Town Council; N0.705 P.1i1 Pc . Tom, ~~ i~*-GQL I recently saw the elevations of the new affordable housing development on the Mountain Bell property and was appalled by the scale and scope of the envisioned development. Lilce all long term property owners in Vail I era acutely aware of the need for affordable employee housing. I am also aware of the efforts wader by all over many years to enjoy the charming, n~stic alpine character of Vail. This horrendous massive architecturally undistinguished structure proposed for the emxance to Vail .does nothing to enhance the ambience. Quite to the contrary its impact will be deleterious. As I understand it the costs of the project are estimated to the point where it is no longer affordable unless muniapally subsidized. Clearly the Town Board needs to revisit the wisdom of proceeding with this ill conceived proposal as currently presented.. ~.~w ~---~.- enck Wy XC ~eriy Owner & ., All Seasons Condominium Association l~v:ml Vail~Mtn t3e1) A$Ha Pro 8802 cc: Jim Lemons, Via Fax: (970) 827,5856 East Village Homeowners Association ~4 Vail Recreation D I S T R'I C T 700 S. Frontage Road East Vail; Colorado 81657 970.479.2279 f 970.479.2197 www.vailrec.com VAIL GOLF CLUB 1778 VaIl Valley bride 479.2260 f 479.2355 GOLF MAINTENANCE 1278 Vail Valley Drive 479.2262 f 479.3451 PARK MAINTENANCE 700 S. Frontage Road East 479.2457 f 479.2197 VAIL TENNIS CENTER 700 S. Frontage Road East 479.2294 f 479.2281 JOHN A. DOBSON ARENA 321 Lionshead Circle 479.2271 f 479.2267 VAIL YOUTH SERVICES 395 E. Lionshead Circle 479.2292 f 479.2835 VAIL NATURE CENTER 601 Vail Valley Drive 479.2291 f 479.3459 MARKETING 700 S. Frontage Road East 479.2446 f 479.2197 ADULT & YOLm-I SPORTS 700 S. Frontage Road East 479.2280 f 479.2281 August 7, 2002 Mr. Bob McLaurin Manager Town of Vail 75 South Frontage Road Vail, CO. 81657 Dear Bob, The Vail Recreation District Board of Directors is extremely concerned with the continuation of the gymnastics program in Vail, as the demolition of the gymnastics facility seems imminent within the next eighteen months. Over the course of the last three years the Vail Recreation District (VRD) has taken a very pro-active role in attempting to construct a facility that would satisfy not only this need, but provide for the future expansion of recreation programs in Vail. In 1999 the VRD .proposed a gymnastics facility on the North side of Dobson Ice Arena, but was denied the opportunity by the Planning and Environmental Commission. During the Hubsite project (2000 - 2001), the VRD proposed a gymnastics facility as a component of this project, and shared the cost for designing such a facility with the Town of Vail. Unfortunately this project has been postponed. Realizing that Donovan Park will be a perfect solution for keeping the gymnastics facility in Vail, we shared the design cost for the Donovan Park project with the Town of Vail. Once again the gymnastics facility was eliminated from the final-Donovan Park design. To date the Vail Recreation District has spent in excess of $300,000 on design fees with a solution to realizing a new facility yet to be solidified. We appreciate the continuous efforts by the Town of Vail Council in relocating the, gymnastics program in Vail, and are very thankful for your ,assistance in possibly relocating the program at.the Red Sandstone Elementary School site. What we need from the Town of Vail Council is a commitment towards a first class gymnastics/multi-purpose recreation facility in Vail as we strive to be the premier provider of quality recreation programs in the Vail Valley. Sincerely, ~A~`1../ Piet Pieters Director Vail Recreation District cc. VRD Board Or visit us on the web at: www.vailrec.com August 9, 2002 TOWN COUNCIL Attached is a letter from the VRD I would like to discuss with the Council next Tuesday before responding to. Bob McLaurin Attachment r, 1i Vail Chamber & Business Association XC ~ C6U,U,hl. Gt/ 241 South Frontage Road East Suite 2 Vail, Colorado 81657 phone: 970-477-0075 fax: 970-477-0079 e-mail: vcba~n,vail.net CONFERENCE CENTER INITIATIVE SURVEY RESULTS (94) Total Number of Surveys Received 1. Are you registered in the Town of Vail? Yes- 58 No- 36 2. Do you support the construction of a conference center? Yes- 78 ~ No- 6 Undecided-10 3. Would you support an increase in lodging tax to support the financing of the conference facility? Yes-58 1 ~ No- 20 Undecided-14 4. Would you support an increase in sales tax to support the financing of the conference facility? / Yes-49 ~ No-35 Undecided-9 5. Would you support a combination of an increase in both lodging tax and sales tax to support the financing of the conference facility? Yes-55 No-29 Undecided-11 ****Detailed results on next ~~^ ~' c7 ~ ',V , - `k~~ ~~ J l; 1 r~ ~ ~ '~ ~ ~~ ~~ Do you support the construction of a conference center? Comments• - If the Prado, Lionshead, and VR projects are completed, then is the conference center necessary? - The conference center would be great for bringing people in during shoulder seasons. - It's hard to answer this question because I don't have enough info on the subject. - Not at the expense of the existing property taxpayer. - Will this thing become a white elephant? _ - No, if it were easier to do development with the town then more hotels and lodges would build conference centers. - No, while a conference center would increase occupancy rates during shoulder seasons, impact during high seasons would be negative. - No, if there was a need the private sector would have built one already. The major hotels in Vail have adequate conference capacity for groups up to 500. - Only if privately funded. - Depends on its size and who would run it. - I don't think there would be enough business to support it, then it would turn into a financial burden. - It is vital to Vail's future economic growth. - It is imperative to our long- term vitality. - There is no other single thing we can do that would give as a great economical impact on Vail. - A conference center has been badly needed for ten years. - Yes, we need it badly, but do it right. - Depending on size, design, and cost. Would you support an increase in lodging tax to support the financing of the conference center? Comments• - Yes, but 1 think we should look at Sales Tax first, since the lodging community already funds the Marketing District tax. - Only if accompanied by similar sales tax support. - Our guests are already paying more tax than other businesses. - No, the burden of these hidden on's is a major source of a feeling that tourists have that they are being ripped off. - No, our lodging takes are too high now. TOV debt is also too high. Conference financing should come from private sector. Would you support an increase in sales to support the financing of the conference facility? Comments• - No, this is very regressive and impacts our lower income folks the most. We need to take care of our workers. - This would affect locals too much. - You cannot tax your way to prosperity. - No, we pay enough in taxes now. There is very little support from the town to help small business increase sales. Too many restrictions. - No, a Vail-only sales tax would disproportionately burden Vail residents while benefits would accrue valley-wide. - The long term capital construction costs and operating expenses will not sustain adequate additional sales to support facility. - No, I feel the election on this issue could be lost by a failure to convince town residents to tax themselves additionally. - Yes, a conference center supports and adds revenue to the entire community. - Yes, if you were able to have no tax increase on food. - Yes, the entire business community should be behind such a facility. People seldom make vacation decisions based sales tax. - I think the lodging community will benefit most, yet a think a small increase in sales tax is fair. Would you support a combination of an increase in both lodging tax and sales tax to support the financing of the conference facility? Comments• - Yes, but historically have issues. passed that involved 2 different taxes in one question or is it better to make it two different questions. I think it would be an easier sale to the voters to make it one lodging question only. If there are too many tax raising questions on the ballot, people seem to get on a "no" to all trend. - This might be an acceptable solution if lodging tax was not increased very much and sales tax was only increased .05% or 1% - How ever we get it done is fine, just as long as we do it soon. - Yes, if that was the only way to finance the cost. I think this is the single greatest improvement for the summer business climate. - Yes, everybody will benefit, so everyone should help pay for it. - We need to spread it over several groups. - Merchants and lodging should do this together. - Someone who supports the project could vote against it because of the sales tax issue. - No, I intend to vote against all tax increases until the Town of Vail starts spending money in a rational manner. - No, a conference center should be self-sustaining. Any subsidies should come from all parties (private) benefiting from higher occupancies. ~- ~, Vail Chamber & Business Association 241 South Frontage Road East Suite 2 Vail, Colorado 81657 phone: 970-477-0075 fax: 970-477-0079 e-mail: vcba(c~vail.net CONFERENCE CENTER INITIATIVE SURVEY RESULTS (94) Total Number of Surveys Received 1. Are you registered in the Town of Vail? Yes- 58 No- 36 - 2. Do you support the construction of a conference center? Yes- 78 ~ No- 6 Undecided-10 3. Would you support an increase in lodging tax to support the financing of the conference facility? Yes-58 1 ~ No- 20 Undecided-14 4. Would you support an increase in sales tax to support the financing of the conference facility? / Yes-49 `~ No-35 Undecided-9 5. Would you support a combination of an increase in both lodging tax and sales tax to support the financing of the conference facility? Yes-55 No-29 Undecided-11 ****Detailed results on next ~~ ~Q~ ~ C1°' ~k~~ ~~J ~ r., ~" ~~~ d ~ ~ ~, '~~ c~C> ~ ~ ~ 0 R /, ~ t~ N' I ~~ t; Do you support the construction of a conference center? Comments• - If the Prado, Lionshead, and VR projects are completed, then is the conference center necessary? - The conference center would be great for bringing people in during shoulder seasons. - It's hard to answer this question because I don't have enough info on the subject. - Not at the expense of the existing property taxpayer. - Will this thing become a white elephant? _ - No, if it were easier to do development with the town then more hotels and lodges would build conference centers. - No, while a conference center would increase occupancy rates during shoulder seasons, impact during high seasons would be negative. - No, if there was a need the private sector would have built one already. The major hotels in Vail have adequate conference capacity for groups up to 500. - Only if privately funded. - Depends on its size and who would run it. - I don't think there would be enough business to support it, then it would turn into a financial burden. - It is vital to Vail's future economic growth. - It is imperative to our long- term vitality. - There is no other single thing we can do that would give as a great economical impact on Vail. - A conference center has been badly needed for ten years. - Yes, we need it badly, but do it right. - Depending on size, design, and cost. Would you support an increase in lodging tax to support the financing of the conference center? Comments• - Yes, but I think we should look at Sales Tax first, since the lodging community already funds the Marketing District~tax. - Only if accompanied by similar sales tax support. - Our guests are already paying more tax than other businesses. - No, the burden of these hidden on's is a major source of a feeling that tourists have that they are being ripped off. - No, our lodging takes are too high now. TOV debt is also too high. Conference financing should come from private sector. Would you support an increase in sales to support the financing of the conference facility? Comments• - No, this is very regressive and impacts our lower income folks the most. We need to take care of our workers. - This would affect locals too much. - You cannot tax your way to prosperity. j - No, we pay enough in taxes now. There is very little support from the town to help small business increase sales. Too many restrictions. - No, a Vail-only sales tax would disproportionately burden Vail residents while benefits would accrue valley-wide. - The long term capital construction costs and operating expenses will not sustain adequate additional sales to support facility. - No, I feel the election on this issue could be lost by a failure to convince town residents to tax themselves additionally. - Yes, a conference center supports and adds revenue to the entire community. - Yes; if you were able to have no tax increase on food. - Yes, the entire business community should be behind such a facility. People seldom make vacation decisions based sales tax. - I think the lodging community will benefit most, yet a think a small increase in sales tax is fair. Would you support a combination of an increase in both lodging tax and sales tax to support the financing of the conference facility? Comments• - Yes, but historically have issues passed that involved 2 different taxes in one question or is it better to make it two different questions. I think it would be an easier sale to the voters to make it one lodging question only. If there are too many tax raising questions on the ballot, people seem to get on a Kno" to all trend. - This might be an acceptable solution if lodging tax was not increased very much and sales tax was only increased .OS% or 1% - How ever we get it done is fine, just as long as we do it soon. - Yes, if that was the only way to finance the cost. I think this is the single greatest improvement for the summer business climate. - Yes, everybody will benefit, so everyone should help pay for it. - We need to spread it over several groups. - Merchants and lodging should do this together. - Someone who supports the project could vote against it because of the sales tax issue. - No, I intend to vote against all tax increases until the Town of Vail starts spending money in a rational manner. - No, a conference center should be self-sustaining. Any subsidies should come from all parties (private) benefiting from higher occupancies. HERMAN FAMILY T$ADING COMPANY ' ~ (3201 WAND PA$$WAY gANSAS CITY, MO (14113 .. - _4 _ _. August 8, 2002 ~ ~. .. . . Town of Vail Town Council 75 South Frontage Road, West Vail, CO 81657 rear Mav~r and Town Council; As a property owner and fulltime resident, I believe that the size of the proposal for the Mountain Bell Site is incompatible with the beauty and world-class scenic image of Vail's main entrance We urge the Town of Vail to significantly reduce the size of the housing project or move it to a more appropriate venue. While we all recognize the importance of affordable employee housing, we urge the Town to preserve and protect Vail's image as visitors first enter our beautiful Village. As at all other resorts, employee housing should not be the first visual visitors would encounter. Truly affordable employee housing should not be attempted where it is neither appropriate nor affordable. I know you as a resident don't want a bulky eyesore to be the first impression visitors will have of our village. Sincerely Michael E. Herman ~ ~'+.F:o,. .. , T~ n , /T.Z. Lvi.YC.~i LCLlll 1•ViaU Vail, Colorado 81657 PHONE: 8113-303-3844 a-mail: mike~hermanfrc.com FAX: 81(1-3(33-7819 rutll~hermanfrc.com Mr. & Mrs. Henry Beck 3037 East Lake Road Skaneateles, NY 13152 August 9, 2002 TOWN OF VAIL Town Council 75 South Frontage Road, West Vail, CO 81657 Dear: ' 1Vlayor and Town Council Planning and Environmental Commission Design Review-Board ~~ .:... -. We believe that the size of the proposal for the Mountain Bell Site is incompatible with the beauty and world-class scenic image of Vail's main entrance. We urge the Town of Vail to significantly reduce the size of the housing project or move it to a more appropriate venue. While we all recognize the importance of affordable employee housing, we urge the Town to preserve and protect Vail's image as visitors first enter our beautiful Village. As at all other resorts, employee housing should not be the first visual visitors will encounter. truly affordable employee housing should not be attempted where it is neither appropriate nor affordable. Sincerely, ~ ~ ,- ~~- Helga B ck .~ ~ ~ Hen Scorpio Property Owners #405 T0: VAIL TOWN COUNCIL AND PLANNING COMMISSION FROM: MARKA MOSER -1880 MEADOWRIDGE #4, VAIL, 476-5822 RE: PROPOSED HOUSING ON THE MOUNTAIN BELL SITE With a potential rental snit cor,~ir.g on the market in Vail, {have been polling several other owners of rental units as to what is the current fair market value for, a year's lease in~ Vail: Several. owners of property in~ Vail have told me that they are having to adjust downward the $1,500 rental price for a year's lease on atwo-bedroom, two bath with a loft unit they have rented for several years. They will definitely have to lower the price considerably.in order to negotiate a year's lease. And even with a lower-priced prod~rct that has been reeently~ remodeled artd ~t.pda~ted; they doubt they will be able .to obtain a year's lease on their property. This signals to me that rentals are becoming far more available, so to add to that market today would be a big mistake. I also feel that the product being offered in this building wou~Ed b.e much $malle.r fo.r the price. being cfrarged than nrafty r.rrtFts already in the rental market, This can hardly be considered "affordable." I fee! the town should not be in the rental market, except for those rental units that are specifically for their own employees. Business owners should acquire units for rent to their own employees. Timber Ridge artd~ Stxndird~ in Lionsheac~ are examples of what happens when there are loge numbers of rental units on one small area. It becomes seasonal employee housing for single workers. Families don't want to have anything to do with it, because it is not a nice .place live. Check out the drug use and dealing occurring in these housing areas. 1. have- also researched that the most sought after ~rntts of housing are studios or one bedroom units where full-time, year-around single employees or a married couple may live affordably, without roomates. A far better option for the town to pursue would be housing such as that in the Commons and Ellefson Park where year-around employees of Vail cari~ be assisted in purchasing th~ei~r own horr~~e~. A~ homeowner cares about their property; . a renter often does not. Please reconsider this development of a valuable piece of Vail real estate, and do not consider putting it into an already overbuilt rental pool. l 'd ~859LV0L6 b~SOWd~l2~`dW W02id Wb'6V ° l l Z0Z-£ l -8 ` G `f~~- /~-B--n~ ~ '~` `f-~`-'-~ ' <~'r ~--b ~L-- ~ , ~-~-~ 9~D-~76•~z26S G ~~- '°~--K-N-^-~ ~ .~° ~.~~ . ~ ~s 1 ~ ~~ ~~~ ~~~ ~ ;~~ ,~ ~~f ~~ ~ ~~ ~ ~~ ~~ ~ D~ 325 l/l~~ ~-~ ~'~.-c~ U~P , G~ a g/65-~-- 9~D-~~~~S~6S g//d/0 ~ 9 ~,CZf,,,/S-~ /1i~ ~/'os~ .~G~-c ~ ~ ~ ~~~ ~ ~ ~GO'~p_,~, cz T~ '~ ~•~ Cl Cc G~Lr.~.~ f v ''~iec"' ~ ~I^~z~~rrvsG ~ ~~ 7~ ~; ~-~~ 3 U~ ~f-~6-3130 ARTHUR KELTON JR 225 WALL STREET VAIL, COLORADO 81657 970-476-7990 TO MAYOR LUDY KURZ THE P.E.C. THE DESIGN REVIEW BOARD PLEASE COUNT ME AMONG THOSE OPPOSED TO THE OVER DEVELOPEMENT OF THE "MOUNTAIN BELL" SITE NOW DESIGNATED MIDDLE CREEK. THIS SITE WAS ONLY REZONED TO ALLOW FOR 40 EMPLOYER OWNED UNITS, NOT THE ENLARGED DESIGN ON THE TABLE TODAY. THIS IS THE ENTRANCE TO THE TOWN OF VAIL, THE FIRST IMPRESION THAT THE VISITOR IMPRINTS. NPLEAESE RECONSIDER THE DENSITY AT THIS LOCATION AND SPREAD IT TO OTHER AVAILABLE SITES SO AS TO MAINTAIN THE INTEGRITY OF THE RESORT EXPERIENCE. ART 8/ 12 -- r2d~u = ~o S~ ~ rtJ ~ ~ ~ G Cif ~6''~~~7~ C ~ ~ ~a~ ~~~. ~vQi~` /t~r ~, ~d J~ICrL. ~-} ~ G c/s `r r Z a- d a l ~~ ~ ~ ~~L ~ ~ ~ t ~ ~ ~{o ~..5 r ~G ~ie ~ J~C~ ,~ d ;~ ~°as ~ -~ d ~ s~ ,~ ~ ,~ ~ ~~~ tit a J ~~ ~- ~ ~ ~~~ s~ ~ t a ~ ~ ~. c ~ ~ ~ ~Q~.9sv ~~ ~ ~ R ~ ~,~~ ~X PAP ~ ~1 ~-~ ~ ~ o ~~ : 'Tl-~ ~ ~ »~~ ~ a J fit{ (~ ~ {~s r~1 a r-' ~~ . .- ~ arc, ~~a~~ ~Afauf~ rs ~~ ~~~~' ~t~~~u~µ ~ `~ ~ .~~ R ;a ~~R~~ ~ ~ ~a~ y a ~~ ~ / `~„~. ~- ~ c~ c.C~,ss ~~ ~- ~ ~ i ~ r ~ ~~ rS ¢~~PJ i ~ ~ r a ~ ~~~ t ~ ~ ~~~s~ 1 aT"~ N a 9 ~ ~ 3 ~ ~ ~ ! V~ `G 1'~lic~~-b'~i ~ ~- ~i~.-(~ ~,j b Lv ~'G 12-~, CI.U' ~L ~ , ~~ ~GC~S-~ > l lL S- l~ ``~ G UCc.% `~ ~-~i ~v0 ~'~`~I,c.,~~~ GB-lvG~~'~-~~6lti~t~c~~(~i: ~c, r~ 1~`~.c ~i ~b'b TAO ~~~ u,~~~C~~'~-~ 5~~~~ws~~~ Z~~ s-~~~-ls ~~lc~~,s,si~~ ~~.~ ~G~~~c~ss ~~ Ui,4~~ i5 fi~ ~.v~(;v~-Y ~~rv~l (,c~~ Gl ~{,~,~~~ ~-Cv~= ~~GC~li-5 1~~.,v- ~ i~wd-<<c~ ~- ~~~, ~ ~,s` ~-c~~ u.-w L `C ~ ~ ~ 18d ~ ,~ v -~ ~ ~ ~~ ;' ,, ,~ ~,~;~ ~ ~~ ~` ~ r J ;' l ~ ~ ~, -, ` ~ /' -~ `~~ crh.. / `~.,-+~~- ~-~a~.-.,~vz. y,,~ (~~ -~ ~-,-{"`J`am ~' ~ ~ , -~ 1~ ~ ' ~: ~ti ~~ --~~ C ~j _~ ' ! r--' ,~.~z~- ~ C: i~ti~) ~ / ;_J ~ ~ ~_ ~. Vail, CO 81657 Please contact the Association should you have questions or concerns regarding this issue. Post Office Boa 238 Vail, Colorado 81658 ,x~,,// Telephone: (970) 827-5680 Voice MaillFAX: (970) 827-5856 y /vim ~ ~< ® ~ e-mail: 4~y~~~-6~ •~ ~~ A,- _ ~u~ //l ~ D D Z--- Dear: Mayor and Town Council Planning and Environmental Commission Design Review Board I/We, as property owners, believe that the size of the proposal for the Mountain Bell Site is incompatible with the beauty and world-class scenic image of Vail's main entrance. We urge the Town of Vail to significantly reduce the size of the housing project or move it to a more appropriate venue. While we all recognize the importance of affordable employee housing, we urge the Town to preserve and protect Vail's image as visitors first enter our beautiful Village. As at all other resorts, employee housing should not be the first visual visitors will encounter. Truly affordable employee housing should not be attempted where it is neither appropriate nor affordable. Signed: G~~iy~ei~ /~ ~~~-~~ Print Name: Q~G~hG°~ SCdrp~`0 2pJ .39 .~~ ~~~,z ~ .~'~ Cola S~ss~ ~'o S v ~o E 4 of 4 JOHN F. MALO 333 LOGAN STREET, SUITE 100 DENVER, COLORADO 80203-4089 August 15, 2002 Town of Vail Town Council 75 South Frontage Rd., West Vail CO 81657 Gentlemen: As a past president of the Board of the All Seasons Condominium Association, I write you to strongly oppose the proposed Mountain Bell Affordable Housing Project. The need is apparent, but the choice of location is disastrous. We all want to keep the environs and architecture at Vail as originally conceived by its founders. This is what makes Vail aesthetically beautiful. Lionshead is an example of bad planning. Let's not follow this thinking in the core village area. I can't imagine approaching Vail and looking at this proposed monster as I drive in. What will visitors think? Other areas are available and you, as members of the Town Council, can certainly find a better location that the one proposed. Sincerely, John F. Malo Vail Resident since 1966 B-1, All Seasons JFM:bc