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Home My WebLink About2002-08-20 Support Documentation Town Council Work Session,. ;. AMENDED VAIL TOWN COUNCIL WORK SESSION Tuesday, August 20, 2002 12.:00 NOON 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. Executive Session -Legal Matters (C.R.S.24-6-402(4)(b). (1' hour) 2. ITEM/TOPIC: Revenue/Expenditures Discussion (1 hour) Bob McLaurin Judy Camp Steve Thompson 3. John Gallegos - 25 year anniversary 4. ITEM/TOPIC: Discussion of Vail Mountain School ordinances and resolutions. (1 hour) Russ Forrest ITEM/TOPIC Amendment to the Vail Mountain School Development Plan and associated rezoning, land use plan amendments, and hazard area amendment requests located at Lots 11 and 12, Block 2, Vail Village 12tH and Tract C, Block 1, Vail Village 12tH ACTION REQUESTED OF COUNCIL: Approve, Deny, or Table Request The specific resolutions and ordinances being considered include: 1) .Resolution 12, Series of 2002: A request 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; 2) Resolution 13, Series of 2002: A request to modify 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 Village 12tH Filling; 3) Ordinance 21, Series of 2002: A request to rezone Lot 12, Block 2, Vail Village 12tH F'""9 to General Use, The northern portion of this lot is zoned Agriculture Open Space; 4) Ordinance 22, Series of 2002: A request to rezone 3010 Booth Falls Road/Lot 11, Block 2, Vail Village 12tH Filing from Two-Family Residential to General Use; 5) Ordinance 23, Series of 2002: A request to rezone Tract C, Block 1, Vail Village 12tH Filing from Two-Family Residential to General Use; BACKGROUND RATIONALE: On August 12, 2002, the Planning and Environmental Commission unanimously recommended to the Town Council that they approve the above mentioned requests. The PEC also approved of three conditional use permits (conditions are in attachment B) and a preliminary plat for a major subdivision request. STAFF RECOMMENDATION: Staff recommends approval of the applicants requests based on the criteria, findings, and conditions outlined in the Planning and Environmental Commission memorandum dated August 12, 2002. F: mcaster//ws/2002/0 80602 5. Information Update. (5 min.) 6. Matters from Mayor and Council. (5 min.) 7. Adjournment. ( P.M.) SITE VISIT: Memorial Park/Cemetery/Vail Mountain School. (1 hour) 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, SEPTEMBER 3, 2002, BEGINNING AT 2:00 P.M. IN THE TOV COUNCIL CHAMBERS. THE NEXT VAIL TOWN COUNCIL REGULAR EVENING MEETING WILL BE ON TUESDAY, SEPTEMBER 3, 2002, BEGINNING AT 7:00 P.M. IN TOV COUNCIL CHAMBERS Sign language interpretation available upon request with 24-hour notification. Please call 479-2332 voice or 479-2356 TDD for information. F: mcaster/agendas/ws/2002/070202 MEMORANDUM T0: Vail Town Council FR: Bob McLaurin RE: Revenue/Election Discussion (Continued) DT: August 16, 2002 We had prepared a memo and several documents for the Council's discussion last week. We have schedule 90 minutes for continued discussion on this issue. It is my understanding this discussion will focus on what the town capital priorities. To assist your discussion we have attached Exhibit D (from last week's packet). In order to save paper I have not included the other exhibits. If you need additional copies of these other exhibits or the old memo, please let me know. Exhibit D Capital Needs List 20 2003 2004 2005 2008 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 8 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 Sate of Old Town Shops 8 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 Tot I Rcv u~ue 11,715,501 142.9'26 15144,27b 8,653,928 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-'05 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 8 Hardware Upgrades 150,000 150,000 150,000 150,000 Replacement of PC's Web Page DevelopmenUEcommerce 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 I'rfe 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 1,651,000 935,000 619,000 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,OOD ~ 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 8 Improvements Library Building Remodel 145,000 500,000 Remodel of Building, Community Room and Reslrooms Medians in Frontage Road Medians 50,000 550,000 Roundabout to Blue Cow New Fire Station 4,400,000 Study 8 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 8113/02 Exhibit D 1 8:19 AM 20 2003 2004 2005 2006 ~ Projectlnforrnation t Streetscape Projects West & Easl Meadow Drive 735,000 1,323,000 Library to Crossroads Village Streetscape Design & 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 Casts 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 Drainage Improvements 75,000 75,000 75,000 75,000 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 _ . ???,~?? ??~,??? ???,~?? ??~,??? _. ,,.,m,. _ Total Expcnditu m.h ~ 17.139,256 26 E96 614 26,232,552 21,304,364 Revenue Over (Under) Expenditures (5,423,754) (16,407,088) (11,088,276) (12,650,436) Add new street lights and refurbish residential lighting program Continue implementation of drainage master plan 8/13/02 Exhibit D 2 8:19 AM