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HomeMy WebLinkAbout2005-09-06 Support Documentation Town Council Evening SessionTOWN COUNCIL EVENING SESSION AGENDA 6:00 P.M. TUESDAY, SEPTEMBER 6, 2005 VAIL TOWN COUNCIL CHAMBERS 75 S. Frontage Road W. Vail, CO 81657 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: Citizen Input (10 min.) 2. ITEM/TOPIC: Consent Agenda. Approval of 08.02.05 and 08.16.05 Minutes. (5 min.) 3. Greg Hall ITEM/TOPIC: Construction Update. (5 min.) 4. Russ Forrest ITEMlTOPIC: Resolutions 16, Series of 2005 setting forth language for a ballot question on November 8th, 2005 to raise the lodging tax to pay for the construction and operation of the Vail Conference Center and Resolution 17, Series of 2005 expressing the Town Council's intent in developing a threshold for collecting up to 1.5% in additional lodging tax for the conference center. (30 min.) ACTION REQUESTED OF COUNCIL: Approve, disapprove, or modify: A) Resolution 16, Series of 2005 which sets forth language to have a ballot measure on November 8th which would ask voters to increase the lodging tax for the conference center, and B) Resolution 17, Series of 2005 which would state the Town Council's intent on collecting up to 1.5% of new lodging tax for the conference center. BACKGROUND RATIONALE: On August 31St, the Conference Center Advisory Committee met to review the Guaranteed Maximum price from Mortenson Construction and proposed ballot language. At that meeting the Committee unanimously recommended that the Town Council approve Resolution 16 and 17. Resolution 16 would give the Town Council the authority to collect up to 1.5% in new lodging tax to pay for the construction and operation of the conference center. Resolution 17, if .,~ approved, would express the Town Council intent on creating a trigger mechanism for collecting up to 1.5% in new lodging tax. 5. Bill Gibson ITEMlTOPIC: An appeal, pursuant to Section 12-3-3, Appeals, Vail Town Code, of the Town of Vail Planning and Environmental Commission's approval of a variance from Section 12-6C-6, Setbacks, Section 12-6C-8, Density Control, and Section 12-6C-9, Site Coverage, pursuant to Chapter 12-17, Variances, Vail Town Code, to allow for a residential addition, located at 1448 Vail Valley Drive/Lot-18, Block 3, Vail Village Filing 1, and setting forth details in regard thereto. (30 min.) ACTION REQUESTED OF COUNCIL: Uphold, overturn, or modify the Planning and Environmental Commission's approval of variance applications pursuant to Section 12-3-3, Appeals, Vail Town Code. BACKGROUND RATIONALE: On July 25, 2005, the Planning and Environmental Commission approved a variance from Section 12-6C-6, Setbacks, Section 12-6C-8, Density Control, and Section 12-6C-9, Site Coverage, pursuant to Chapter 12-17, Variances, Vail Town Code, to allow for a residential addition at 1448 Vail Valley Drive. The ,appellant, Vail Town Council, "called-up" the Planning and Environmental Commission's decision at its August 2, 2005, public hearing. Please refer to the staff memorandum to the Planning and Environmental Commission dated July 25, 2005, for additional information. STAFF RECOMMENDATION: Staff recommends the Town Council upholds the Planning and Environmental Commission's approval of a variance from Section 12-6C-6, Setbacks, Vail Town Code, to allow for a residential addition at 1448 Vail Valley Drive, subject to the findings in the staff memorandum dated July 25, 2005. However, Staff recommends the Town Council overturns the Planning and Environmental Commission's approval of a variance from Section 12-6C-8, Density Control, and Section 12-6C-9, Site Coverage, Vail Town Code, to allow for a residential addition at 1448 Vail Valley Drive, subject to the findings in the staff memorandum dated July 25, 2005. 6. Greg Hall ITEM/TOPIC: Discussion of Village Streetscape Mill Creek Court Building Construction contract Award for 2005-2006. (15 min.) ACTION REQUESTED OF COUNCIL: Approve/ Deny Village Streetscape Mill Creek Court Building Project Award. BACKGROUND RATIONALE: The Town of Vail and Mill Creek Court Condominium Association cooperatively have designed and have received a proposal for construction improvements in Vail Village..The council was advised were under negotiations and it was felt to finishing the streetscape in this area made since. Staff has negotiated a cost sharing of the improvements with the condominium association. The association board has agreed to the proposal. These improvements include the replacement of planters, steps, landscaping, installation of snowmelt system and final streetscape treatments in addition the association is having their trash dumpster upgraded. The Town of Vail has reviewed the proposal and with the contractor. The Project is scheduled to begin Construction later this year and finish next spring. Staff recommends the council add the required additional dollars to the supplemental budget to fund the town's portion of the project. $ 200,000 from RETT and $50,000 from capital projects fund, the remainder of the project will be funded by the Mill Creek Court Condominium Association ($205,000) and from the existing Streetscape budget ($95,000). Direct the Town Manager to execute a change order to the streetscape contract with B & B Excavating for up to $550,000. STAFF RECOMMENDATION: Supplement the Village Streetscape budgets by $ .200,000 to the RETT portion and $ 50,000 from the Capital projects fund and direct the Town Manager to execute a change order with B&B F~ccavating up to $550,000 to construct the streetscape improvements around Mill Creek Court Building. 7. Gregg Barrie ITEM/TOPIC: Gore Valley Trail Improvements at Cascade Village Projects. (15 min.) ACTION REQUESTED OF COUNCIL: Town Staff is recommending the following: 1. Approve a total project budget of $645,000 with the understanding that Town will be reimbursed for the cost of Project 1 through the Holy Cross Energy Enhancement Funds. 2. Award the Gore Vallev Trail Improvements at Cascade Village project, in whole, to 8 & B Excavating in the amount of $ 574,583.87 with the understanding that a portion of the work will be completed in the spring. BACKGROUND RATIONALE: Town Staff have been working on multiple projects in the Cascade Village area for the past several years. While CVMD has postponed their projects previously scheduled for this fall, the Town is in a position to perform much needed maintenance work to the Gore Valley Trail, starting on Monday, September 12. A portion of the work would be completed this fall, with the remainder of the work occurring in the spring of 2006. STAFF RECOMMENDATION: Staff Recommends approval of the budget and award of the contract as indicated above. 8. Russ Forrest ITEM/TOPIC: West Vail Sub-Area Plan Process. (15 min.) BACKGROUND RATIONALE: The purpose for creating a West Vail Sub-Area Plan is to provide an improved framework for decision making in the West Vail commercial area by providing direction on appropriate uses, bulk & mass, along with other development parameters. It would also help to identify other public improvements which developers should consider upon submitting proposals to the Community Development Department, such as affordable housing, retail uses, parking and traffic circulation improvements. The Town Council has in previous meetings identified a need for the West Vail area to have asub-area plan created for a well thought out redevelopment of West Vail. 9. Bill Gibson ITEM/TOPIC: Second reading of Ordinance No. #17, Series of 2004, an .ordinance amending Special Development District #4, Cascade Village, to allow for the creation of Development Area E, located at Tract K, Glen. Lyon Subdivision, and setting forth details in regard thereto. (5 min.) ACTION REQUESTED OF COUNCIL: Approve, approve with modifications, deny, or table the second reading of Ordinance No. 17, Series of 2004. ~ The applicant is requesting that the Town Council table the second reading of Ordinance No. #17, Series of 2004, to October 4, 2005. ` BACKGROUND RATIONALE: On July 12, 2004 the Town of Vail Planning and Environmental Commission voted 4-2 to forward a recommendation of approval, with conditions, for the proposed amendments to Special Development District #4, Cascade Village. On August 3, 2004 by a vote of 7-0 the Town Council approved the first reading of Ordinance No. 17, Series of 2004, with a condition that the applicant, Vail Resorts, resolve any issues related to the Protective Covenants of Glen Lyon Subdivision, prior to the second reading of this ordinance. On August 17 and October 5, 2004; January 4, May 3, June 21, and August 4, 2005, and the Town Council tabled the second reading of Ordinance No. 17, Series of 2004, to allow the applicant additional time to resolve issues related to the protective covenants. The outstanding protective covenant issues have not yet been resolved; therefore, Vail Resorts is requesting that the second reading of Ordinance No. 17, Series of 2004, again be tabled to a future Town Council meeting. STAFF RECOMMENDATION: Table the second reading of Ordinance No: #17, Series-of 2004, to October 4, 2005. 10. Judy Camp ITEM/TOPIC: Second Reading of Ordinance No. #19, Series 2005, an Ordinance making supplemental appropriations to the 2005 Budget, Supplemental Appropriation No. 2. (10 min.) ACTION REQUESTED OF COUNCIL: Approve or approve with amendments, Ordinance No. #19, Series 2005, on second reading. BACKGROUND RATIONALE: To be provided in separate memo STAFF RECOMMENDATION: Approve Ordinance No. #19, Series 2005, on second reading. 11. George Ruther ITEM/TOPIC: Resolution No. #15, Series of 2005, a resolution expanding the boundary of the Study Area of the Lionshead Redevelopment and amending Chapter 5. Detailed Plan Recommendations. Lionshead Redevelopment Master Plan, to include Section 5.19 Evergreen Lodge at Vail. and setting forth details in regard thereto. (30 min.) ACTION REQUESTED OF COUNCIL: Approve, approve with modifications, or deny Resolution No. 15, Series of 2005. BACKGROUND RATIONALE: On June 27, 2005, the Planning and Environmental Commission held a public hearing to discuss a text and map boundary .amendment to the Lionshead Redevelopment Master Plan. The purpose of the amendment is to include the Evergreen Lodge in the Study Area of the Lionshead Redevelopment Master Plan. Upon discussion of the amendment, the Commission voted unanimously to table the final hearing on the proposed amendment to a future meeting date. The purpose of the tabling was to allow staff and the applicant an opportunity to address the various .questions of the Commission prior to the Commission taking action on the request. The Commission specifically requested that any amendments to Chapter 5. Detailed Plan Recommendations, should make reference to the following: • Vehicular and pedestrian access • Maintenance of the existing accommodation units on the site • Impacts on Middle Creek • South Frontage Road improvements • Physical relationship to the Vail Valley Medical Center • Relationship to the proposed Vail Conference Center • Need for architectural improvements • Loading and delivery improvements • Pedestrian connection to West Meadow Drive On July 17, 2005, the Town of Vail Community Development Department requested. a work session with the Vail Town Council to discuss the merits of preparing an amendment to the Lionshead Redevelopment Master Plan that would expand the boundary of the Plan to include the Evergreen Lodge. Upon discussing the possible merits of the amendment, the Commission directed staff to prepare an amendment for further Commission and Town Council consideration. On August 22, 2005, the Planning and Environmental Commission voted 6-0-0 to forward a recommendation of approval of the proposed text and. boundary amendment to the Lionshead Redevelopment Master Plan to the Vail Town Council. In forwarding a recommendation of approval, the Commission '~ . . ~ ;,,. expressed the need for Section 5.19.3. Preservation of Existing Accommodation Units, of the proposed amendment to place more emphasis on no net loss of accommodation unit square footage, creation of quality hotel rooms, and the maintenance of the number of existing "hot beds", rather than placing so much focus on merely maintaining the number of existing rooms. Resolution No. 15 addresses the Commissions recommendation with revisions shown in ~et-~ and bold. STAFF RECOMMENDATION: The Community Development Department recommends that the Vail Town Council approves Resolution No. 15, Series of 2005, as presented. . 12. ITEM/TOPIC: Town Manager's Report. (10 min.) 13. ITEM/TOPIC: Adjournment. (9:00 p.m.) NOTE UPCOMING MEETING ART TIMES BELOW: (ALL TIMES ARE APPROXIMATE AND SUBJECT TO CHANGE) THE NEXT VAIL TOWN COUNCIL REGULAR EVENING MEETING WILL BEGIN AT 6 P.M. TUESDAY, SEPTEMBER 20, 2005, IN VAIL TOWN COUNCIL CHAMBERS Sign language interpretation available upon request with 24-hour notification. Please call 479-2106 voice or 479-2356 TDD for information Vail Town Council Evening Meeting Minutes Tuesday, August 2, 2005 6:00 P.M. Vail Town Council Chambers The regular meeting of the Vail Town Council convened at approximately 6:00 p.m. on Tuesday, August 2, 2005. Council Members present: Rod Slifer, Mayor Dick Cleveland, Mayor Pro-Tem Diana Donovan Farrow Hitt Kent Logan Kim Ruotolo Greg Moffet Staff Members Present: Stan Zemler, Town Manager Pam Brandmeyer, Asst. Town Manager Matt Mire, Town Attorney The first item on the agenda was Citizen Input. There was no citizen input The second item on the agenda was a Referendum C & D Information Presentation. Colorado State Senator Jack Taylor stated he was one of the first Republican Senators to back the referendums. According to Taylor, `?he referendums are not a TABOR fix, they are a budget fix...lf we do not have a budget fix we will have to cut $300-400 million per fiscal year...Higher education is the last place we can go to look for money to balance the budget." He then emphasized, "You are getting a lot of bad information. (regarding information opposing Referendum C & D)...This involves no new taxes...) am not talking about a permanent de-Brucing. I am talking about a five year relaxation of TABOR." Town Manager Stan Zemler announced a resolution supporting the Referendum would be brought forward in the following weeks. The third item on the agenda was an Early Childhood Initiative. Kathleen Forinash and Diane Johnson provided a summary of the efforts of the local Early Childhood Initiative. The Early Childhood Initiative is a community effort to identify early childhood needs and develop a shared plan to meet those needs. Johnson stated, "Early childhood is the most important time for brain development and success later on in life. You get a bigger bang for your buck in the early childhood years." The fourth item on the agenda was the Consent Agenda. Approval of July 5 and July 19 evening session minutes. Donovan moved and Logan seconded a motion to approve the minutes without amendment. The motion passed unanimously, 7-0. The fifth item on the agenda was a Construction Update. Public Works Director Greg Hail stated'streetscape work on Gore Creek Drive and P3&J were completed. Hall also reported the, "the Four Seasons completed the potholing work and are deciding- how they want to install their utilities." He also reported paving in Lionshead Plaza and Mall would take place on Aug. 8 and the West Vail roundabout would be paved Tuesday or Wednesday evening. Logan asked how.much of the Village would be finished in the fall of 2005. Hall replied it will not all be finished. Work delays at the Lodge at Vail would prevent completion of streetscape work on Gore Creek Drive in 2005. The sixth item on the agenda was the Second reading of Ordinance No. #17, Series of 2004, an ordinance amending Special Development District (SDD) #4, Cascade Village, to allow for the creation of Development Area... On August 17, 2004; October 5, 2004; January 4, 2005; May 3, 2005; and June 21, 2005, Council tabled the second reading of Ordinance No. #17, Series of .2004, to allow the applicant additional time to resolve issues related to the protective covenants. The outstanding protective covenant issues had not yet been resolved; therefore, Vail Resorts requested that the second reading of Ordinance No. #17, Series of 2004, again be tabled to a future Council meeting. Moffet moved and Logan seconded a motion to table the item until Sept. 6, 2005. Representing Vail Resorts, Jay Peterson stated a vote of the homeowners (resolving the covenant issues) in the Track K area would be completed by Sept. 6, 2005. The motion passed unanimously, 7-0. The seventh item on the agenda was the First reading of Ordinance No. #17, Series of 2005, an ordinance amending the Vail Land Use Plan pursuant to Chapter VIII of the Vail Land Use Plan, adding the Chamonix Parcel as Tract 43 in the "Inventory and Assessment of Town Owned Property" contained in Chapter VII, Community Facilities, and setting forth. Town Planner Matt Gennett announced on July 20, 2004, upon the recommendation of acouncil-citizen-staff review committee, Council authorized the Town Manager to hire the planning team of Davis Partnership/Michael Hazard Associates to facilitate a master land use plan for a fire station on the town-owned Chamonix property at 2310 Chamonix Road. On January 24, 2005, the Planning and Environmental Commission (PEC) held a work session to consider a proposed draft Land Use Plan for the Chamonix parcel, hear public input, and discuss the other possible uses on site which would be in addition to the primary fire station use. On June 27, 2005, the PEC unanimously approved a proposed land use plan and a site plan produced_F~.by the collaborative efforts of the committee, staff, and Davis Partnership/Michael Hazard Associates to be used as a guide fo_r_ future land uses on_ the Chamonix Parcet: " Moffef moved and~~ Ruotolo seconded a motion to approve the ordinance. Cleveland stated Bob Armour, a neighborhood resident, had called to express his support in retaining an easement on the south side of the property to be used for fire truck egress. Donovan stated she would not support the ordinance as she felt the. project was being forced on the land and that a more suitable location for the fire station might be found as a result of a West Vail master planning effort. Zemler stated project funding from the county had been, secured and the fire station project was in the "queue." Cleveland expressed the need to move forward. The motion passed 6-1, with Donovan dissenting. The eighth item on the agenda was. the First Reading of Ordinance No'. #1, Series of 2005, .an ordinance establishing Special Development District (SDD) No. #39. Senior Planner Warren; Campbell-,.reported on April .25, 2005; the town PEG: held a public hearing on" a' request. to establish SDD No. #39, Crossroads. The purpose of the new 2 SDD is to facilitate the redevelopment of Crossroads, located at 141 and 143 Meadow Drive. Upon review of the request, the PEC voted 7-0-0 to forward a recommendation of approval of the request to establish SDD No. 39, Crossroads, to Council. On June 21, 2005, Council tabled the First Reading of Ordinance No. i, Series of 2005, and directed staff and the applicant to address several concerns. Town Attorney Matt Mire polled the Council to verify no ex-parte communication had taken place prior to the evening's meeting. All stated none had taken place. The applicant Peter Knobel thanked Council, staff, PEC and Vail residents who had been a part of his application process. Representing the applicant, Dominic Mauriello stated the applicant had holistically tried to address comments made by Council on June 21 as there had not been a true consensus on the desired size and design. Mauriello emphasized the project would utilize high quality architecture and indigenous construction materials to develop a high quality alpine form. He also stressed traffic studies indicated a roundabout east of the property on the South Frontage Road was not necessary. Moffet clarified the proposed project included 189,900 sq. ft. of residential property and 61,000 sq. ft. of commercial not including 13,000 sq. ft. of theater space. Moffet also inquired as to the use of any surplus parking. Mauriello stated additional parking stalls would be included in a parking club. Ron Byrne thanked Zemler and Council for the public amenities recently created throughout town by the redevelopment. Byrne then spoke in support of the project. Bob McNichols, Joni Taylor, Mark Gordon, Tim Moffet, James Deighan, Kaye Graybill, Bill Walsh, Tim Barkes, Todd Grappa, Bert Nordstram, Pete Seibert Jr., Jimmy Brenner, Gary Davis, Louise Frezzaca, Christi Banowitz, Michelle Guernie, Johannes Faessler, Jean Paul Frezzaca, John Armbrust, and Stan Cope spoke in support of the project. Bill Ray asked if the town would own any of the public art and expressed concern the proposed bowling alley and arcade would create an increase in crime. Elaine Kelton stated the project was too large but the area needed to be regentrified. Anne Marie Perrin Mueller asked for more diversity of use for the project. Ruotolo clarified Anne Reilly Bishop represented the Vail Village Inn Plaza III, Condominium Association, Board of Managers, as opposed to all of the owners. Connie Miller, representing adjacent property owners, spoke against the project. Ernie Scheller, Village Inn Plaza III condominium owner, stated Anne Bishop did represent him. Gwen Scalpello complimented the amenities of the project although spoke against its size and scale. Karl Hochtl, Roberta Scheller, John Hunter, Dean Hall, Ann Reilly Bishop, Joe Staufer, Jonathon Staufer, Wendy Losasso and Hermann Staufer spoke against the project. Luc Meyer questioned whether the project could maintain the service standards for which Vail is known. Jim Lamont, representing the Vail Village Homeowners Association, encouraged on-site housing and lodging as well as a South Frontage Road master plan. He then"stated Council and town staff can not slow redevelopment down. Vail Village Association Chairman Alan Kosloff encouraged Council to continue to work on compromises. Rick Scalpello expressed his support for the condominium component of the prof®et, stating second homeowners are of great economic .importance to the community. Moffet stated the Village atmosphere had never been Crossroads. "V1le have to evolve to maintain civic and economic vitality." Ruotolo echoed Moffet's comments and stated the project met the requirements put forth by the Vail Village Master Plan and its subsequent zoning. Cleveland began by complimenting members of the audience for their attendance and civic pride. Cleveland expressed concern over the height of the building. "It is urban, overpowering and not compatible with the neighborhood." He also stated he did not approve of the employee housing being off-site and encouraged a rental incentive program. "I am not prepared to support this at this time and the deviation from the underlying zoning does not coincide with the public benefit." Logan also thanked the audience members for their participation. He then stated he believed the reduction in square footage was meaningful economically. While discussing roof height Logan stated, "Is the October roof line (original project design) really the relevant comparative? This building, as proposed, changes the character of this town." Donovan reiterated Logan and Cleveland's comments. "Everyone agrees we need these amenities, but they do not need to be in a building this tall...There is a commonality of the architecture in Vail and this building does not have it." She then. encouraged a time limit for construction if the project was approved. Hitt stated he was; "not hung up on the project not being `Alpine' enough for Vail." He emphasized the location of project was appropriate for its size and encouraged an easement be negotiated for the ice rink. Slifer stated, "I think we have come a long way but we aren't there yet." Slifer also mentioned the staff memo did not indicate a Council requested reduction in height. He also expressed concern over the height of the building as, "It rises literally straight up." Moffet moved to approve the ordinance with Hitt seconding. Moffet stated he was disgusted and ashamed as to how Council had failed to give the applicant appropriate direction. Knobel asked for guidance. He stated, "You can't have it both ways, if you want the plaza you have to have the height...Someone who is capable of financing a $232 million project is also capable of doing nothing." Donovan responded, "I think you are married to this tower concept for your condominiums." The motion failed 3-4, with Slifer, Donovan, Logan and Cleveland dissenting. Mire recommended tabling the item only if specific direction was given to the developer. Mire stated the project would possibly change based on Council direction. Hitt asked why the Ordinance #17, Series of 2004 was able to be tabled .for over a year. Logan asked if the PEC and Council could hold a joint meeting with the applicant. Mire answered yes. Bishop requested the ordinance be tabled or remanded and the applicant return with a project consistent with Council direction. Hitt moved to table the item until the second meeting in August with Moffet seconding. The motion passed unanimously, 7-0. Zemler asked if staff addressed the height issue if the project might have a better chance to be successful. 'They need to be able to be creative with what we give them...What three things are most important?" Zemler asked. Moffet recommended having a discussion with the applicant during a work session. Zemler recommended having the discussion during the August 16 work session. Hermann Staufer requested a clarification on legal procedure. The ninth item on the agenda was the First Reading of Ordinance No. #16, Series of 2005, an ordinance amending Title 12, Zoning Regulations, Vail Town Code, to amend the Commercial Service Center (CSC) District to add "bowling alley' as a conditional use to the District and to add a definition of a "bowling alley' to the Vail Town Code. Senior Planner Warren Campbell stated on April 25, 2005, the Town of Vail Planning__and Erivirorimental-Commission voted 6-0-0 (Gunion absent) to forward a recommendation. of approval for a proposed text amendment to the Commercial Service Center (CSC) District to add "bowling alley' as a conditional use and to add a definition fora "bowling alley" to the Vail Town Code. On June 21, 2005, the Town Council tabled the First Reading of Ordinance No. #16, Series of 2005, without hearing a presentation. .Moffet moved, with Ruotolo seconding a motion to approve to table the item to Aug. 16. The motion passed unanimously, 7-0. The tenth item on the agenda was the First Reading. of Ordinance No. #18, Series of 2005, an ordinance amending Section 12-7H-12, Density (Dwelling Units Per Acre), Vail Town Code, to allow multiple attached accommodation units within a dwelling unit located within the Lionshead Mixed Use 1 zone district. On June.27, 2005, the PEC held a public hearing on a request for a final review of a text. amendment to Section 12- 7H-12, Density .(Dwelling Units-Per Acre), Vai( Town Code, pursuant to Chapter 12-3, 4 Amendments, Vail Town Code, to allow multiple attached accommodation units within a dwelling unit, and setting forth details in regard thereto (PEC05-0040). Ruther stated, upon consideration of the text amendment request, the PEC voted 5-0 to forward a recommendation of approval of the request to Council. Moffet moved with Ruotolo seconding a motion to approve. The motion passed unanimously, 7-0. The eleventh item on the agenda was the Town Manager's Report. Zemler stated the Eagle County Board of Commissioners had invited Council to attend the Eagle County Fair & Radio and VIP passes were available. The twelfth item on the agenda was Adjournment. Moffet moved with Cleveland seconding a motion to adjourn at approximately 11:38 p.m. The motion passed unanimously, 7-0. Respectfully Submitted, Rodney E. Slifer, Mayor ATTEST: Lorelei Donaldson, Town Clerk Minutes provided by Corey Swisher 5 Vail Town Council Evening Meeting Minutes Tuesday, August 16, 2005 6:00 P.M. ~ Vail Town Council Chambers The regular meeting of the Vail Town Council convened at approximately 6:00 p.m. on Tuesday, August 16, 2005. Council Members present: Rod Slifer, Mayor Dick Cleveland, Mayor Pro-Tem Diana Donovan Farrow Hitt Kent Logan Kim Ruotolo Greg Moffet Staff Members Present: Stan Zemler, Town Manager Pam Brandmeyer, Asst. Town Manager Matt Mire, Town Attorney The first item on the agenda was Citizen Input. There was none. The second item on the agenda was a Joint Meeting with the Eagle County Commissioners. Eagle County Commissioner Arn Menconi announced the main purpose of the meeting was to create dialogue with town councils in their respective locations. He then reported it is likely the county will adopt an up-zoning moratorium. "Most applications being reviewed are for second home developments...We are considering moving river and stream setbacks from 50 to 75 feet...We are examining wildlife impact corridors...We are also promoting green building and recycling programs." Menconi ~ encouraged local community development directors to work together to help enhance land use regulations. Logan asked what the objective of "taking a breather" in second home development was. Menconi responded, "I want to say yes to a balance of projects approved in Eagle County, I want to incentivize locals to live in our community." Moffet clarified there is a substantial amount of currently approved development. Commissioner Runyon stated the "freeze'_' is,_"As much. as anything, it is intended to prevent potential developers from rushing in and having projects `grandfathered,' there are enough approved to increase homes in Eagle County by 50% and almost all are for second homes:' Moffet encouraged the Commissioners to focus on the development of entry level homes for families of four or five. Moffet and Slifer thanked the Commissioners for coming to meet with the Council. Slifer questioned an. up-zoning moratorium as it may encourage more annexation and development in the Brush and Gypsum Creek areas. .Runyon stated he lived in the metropolitan district of Edwards and had heard no interest of the area incorporating. ..Logan asked if the Commission was able to impact the Bobby Ginn development near Minturn. Cleveland . stated employee generation by second homeowners -would-have a severe impact on bus transportation. Town Manager Stan Zemler emphasized a moratorium on up zoning was not a "taking" of private rights: °Representirig the Vail Village Homeowners'As~~~- ~~~" Jim Lamont said he believed an up-zoning moratorium may only increase development within municipal boundaries and it would be difficult for municipalities to provide/maintain essential infrastructure. He then stated a belief that blaming affordable housing as a reason to slow up zoning was merely a "straw dog." He encouraged the Commissioners to support the clean up of the Black Gore Creek before spending money on a CDOT proposed airport interchange. Cleveland reported the town would not get the proposed West Vail Fire Station built in 2005. Assistant Town Manager Pam Brandmeyer stated the town was struggling with a way to fund additional staffing related to the station. Zemler stated the facility will be designed in 2005. Cleveland asked if the Commission would consider moving forward previously allocated funding. Fire Chief John Gulick thanked the Commissioners for their support of the fire station and the appropriated funding ($250,000 in 2005 and $250,000 in 2006). Moffet clarified a significant amount of the town's emergency services budget is utilized outside the town limits. Commissioner Tom Stone encouraged a functional consolidation of emergency services in the Vail Valley. Stone then stated he wanted to pursue more housing for senior citizens in the county.. "We are considering possibly building more apartments and assisted living facilities for seniors...We currently have 18 people on our waiting list for the Golden Eagle senior facility." Moffet encouraged the Commissioners pursue the issue and offered the town's assistance in the development of senior facilities. Logan asked if the county (commission) was sympathetic to the pine beetle infestation. Runyon responded, "We really need to get on top of it." Menconi said each year he strives to find projects that are regional in scope and the town's forest management plan would be a worthy project. Zemler mentioned he and Runyon had recently attended an I-70 Corridor Transportation Coalition Meeting. He stated the organization was in rieed of funding as the organization's finances were exhausted. Runyon stated he believed there was difficulty coming up with a definition of what the coalition's goals are. Stone stated he believed the process was doomed from the start and funding the coalition would be money ill spent. "There is no single issue to tie the Coalition together." He continued, "Taxpayer funds would be better spent within Eagle County." Menconi finished, `The county's "Shaping of the Future" course would be starting in September. The third item on the agenda was a Muscular Dystrophy Fire Fighter Proclamation. Representing .the Muscular Dystrophy Association, Carmen Moyer announced along with the town, "thanks" were due to the Vail Fire Department for their support of the Fill the Boot Fundraising Program. `They have continued to be the highest raising fire department on the Western Slope...Last year they raised almost $10,000, and this year's goal is $20,OOO...In light of this, we are announcing the week of August 29th - September 5th: Vail Fire Fighter Appreciation Week." Moffet moved to approve a proclamation commemorating the Vail Fire Department with Ruotolo seconding. The motion passed unanimously 7-0. The fourth item on the agenda was a Construction Update. Public Works Director Greg Hall stated Vail Valley Drive utility work would continue. Vail Village streetscape improvements on Bridge and Gore are to resume after Labor Day. Donovan encouraged saving the landscaping on the corner of the future Four Seasons project. Hall continued, Intermountain South Frontage Road work would continue and would move as far as the Conoco service station after Labor Day. Donovan inquired about winter access to the LionsHead gondola. Representing Vail Resorts, Jay Peterson stated a 20 foot path on the west side of Gartinkels would be constructed by ski season. The fifth item on the agenda was a Vail Conference Center - Ballot ~ Language and Parking discussion.: Russ. Forrest reported, based on input from the afternoon work 2 session with representatives from the lodging community, Council could choose to keep the ballot language previously reviewed in June or it could choose to direct staff to prepare alternative language. In addition, staff confirmed how parking should be addressed in the facility based on input from the Planning and Environmental Commission (PEC). In July, Council approved the current format for the conference center ballot language. At the Aug. 2 meeting Council requested the lodging community provide any input they might have on the proposed ballot language by the Aug. 16 meeting. The other item discussed involved parking for the facility. Over the summer months the conference center has received preliminary reviews by both the Design Review Board (DRB) and the PEC. At the July 25 PEC meeting, the Commission indicated 'the conference center should provide 243 spaces for parking based on the zoning code. The project is proposing to build 250 spaces. The parking would be managed/operated by the town.. The existing 1,100 spaces and the new 250 spaces would be operated as one public parking facility. If an event occurred on a peak ski day, there would be the ability to segregate or reserve parking for the conference facility. Staff proposed segregating 125 spaces during times when the facility is used and frontage road parking is anticipated. Vail Resorts previously committed $4.3 million for public parking. Staff suggested Council comply with the PEC request to provide 243 spaces. The primary question is whether Vail Resorts funding should be expected to help pay for the proposed parking underneath the parking structure. The alternative would be to increase the amount of the project budget for the conference center an additional $4.3 million to pay for the full total of 250 net new parking spaces. Hall stated parking would require good planning (prior to conference center events). Forrest followed, "In the winter we are projecting five significant conferences." Hall continued, "The conference market is in the summer...Last season we had cars parked 38 days on the frontage road." Forrest clarified staff used conference attendance levels at the local Marriott Hotel to assist in substantiating, previously developed parking needs assessments. Moffet recommended building parking spaces on an alternative parcel to relieve the conference center of the financial burden of providing parking. Ruotolo clarified Vail Resorts' pledged $4.3 million was intended to be used by conference center attendees as well as the general public on peak ski days. Mire qualified Vail Resorts must agree with the money's use. Cleveland stated he believed off-site parking would be too far down the road and would not be in the town's control. Council reached consensus a parking decision should be delayed until a maximum guaranteed price had been provided. Bill Jewitt, PEC member, stated the PEC would make no decisions until Council approved ballot language. `The PEC has not even taken a straw poll on how many spaces the .town should be required to provide." Donovan said, "I have no confidence in the parking. needs analysis as the-numbers seem to be continually changing." Ruotolo stated the town should adhere to requirements imposed upon any other developer. The sixth item on the agenda was an Amendment to E911 Inter-Governmental Agreement. Communications Manager Paul Smith reported due to increased telecommunications expenses and surcharge revenue shortfalls, the Eagle County Telephone Service Authority Board (911 Authority) has been forced to reduce its contributions to the operating budget of the County's E911 Center in fiscal years 2004 and 2005. The reduction has forced a corresponding cost increase to the user agencies within the county and required a temporary reduction in staff, in 2005. The E911 Authority's revenue shortfall .was reported to be directly impacting E911 services in Eagle County and forcing an unnecessary financial burden on the public safety agencies within the county. To help resolve this issue the E911 Authority and Eagle County recently approached the Public .Utilities Commission (PUC) requesting an E911 surcharge increase for Eagle County. The increase will bring the current phone based surcharge of $.70 up to $1.25 per month per phone line. To assist in this matter the E911 Authority requested the Mayor of the town endorse the "Second Amendment" to the E911 Telephone Service IGA which provides for the proposed surcharge increase. Town staff recommended the signing of the amended IGA. Cleveland stated he was not comfortable raising the charge for service by 79%. He encouraged using E911 reserve funds to solve the fiscal shortfall until an efficiency analysis of the emergency communication system is undertaken. Smith stated expenses have increased as revenue is decreasing due primarily to mobile phone usage and increased trunk line costs. Moffet encouraged increasing mobile phone tower leases to help offset costs. Smith emphasized emergency communication system budget shortfalls were prevalent throughout the state. Cleveland expressed concern a potential change in the districting of the E911 board would be exclusionary of eastern Eagle County residents. Moffet moved with Cleveland seconding a motion to approve the IGA. The motion passed unanimously, 7-0. Zemler recognized Smith as performing exemplary at his job and operating the communications center. The seventh item on the agenda was the First Reading of Ordinance No. #16, Series of 2005, an ordinance amending Title 12, Zoning Regulations, Vail Town Code, to amend the Commercial Service Center (CSC) District to add "bowling alley" as a conditional use to the District and to add a definition of a "bowling alley" to the Vail Town Code. On April 25, 2005, the PEC voted 6-0-0 (Gunion absent) to forward a recommendation of approval for a proposed text amendment to the Commercial Service Center (CSC) District to add "bowling alley" as a conditional use and to add a definition fora "bowling alley" to the Vail Town Code. On Aug. 2, 2005, Council tabled the First Reading of Ordinance No. #16, Series of 2005, without hearing any presentation. This application to amend the allowable conditional uses for the Commercial Service Center District and to add a definition for "bowling alley," was submitted as a part of the proposal to establish SDD No. #39, Crossroads. The application to establish SDD No. #39, Crossroads, was withdrawn. Staff reported a potential opportunity to examine and update the development standards for the Commercial Service Center District in whole. Ordinance #16, Series of 2005, died for lack of a motion. The eighth item on the agenda was the First Reading of Ordinance No. #19, Series 2005, an Ordinance making supplemental appropriations to the 2005 Budget, Supplemental Appropriation No. #2. Moffet moved with Hitt seconding. Slifer and Cleveland announced the town would be performing a forest health project to address pine beetle mitigation within the town limits. Cleveland stated mo#e mitigation would be performed in 2006. Donovan asked for a breakdown of the increases in employee salaries. Zemler acknowledged Phil Bowden of the United States Forest Service, Fire Technician Tom Talbot, and Town Environmental Officer Bill Carlson for designing the forest health plan. The ninth item on the agenda was the second reading of Ordinance No. #17, Series of 2005, an ordinance amending the Vail Land Use Plan pursuant to Chapter VIII of the Vail Land Use Plan, adding the Chamonix- Parcel as Tract 43 in the "Inventory and Assessment of Town Owned Property" contained in Chapter VII, Community Facilities. On July 20, 2004, upon the recommendation of acouncil-citizen-staff review committee, Council authorized the Town Manager to hire the planning team of Davis Partnership/Michael Hazard Associates to facilitate a master land use plan centered on afire station for the town-owned Chamonix property at 2310 Chamonix Road. On Jan. 24, 2005, the PEC held a work session to consider a proposed draft Land Use Plan for the Chamonix parcel, hear public input, and discuss the other possible uses on site which would be in addition to the primary fire station use. On June 27, 2005, the PEC unanimously approved a proposed land use plan and an attached site plan produced by the collaborative efforts of the committee, staff, and Davis Partnership/Michael Hazard Associates to be used as a guide for future land uses on the Chamonix Parcel. On Aug. 2, 2005, the Town Council voted 6-1 to approve Ordinance No. #17, Series of 2005 on first reading. Donovan questioned the location of a perceived driveway on a provided map. She then stated she would not vote for the project as she believed it was being forced on the site. She expressed there might be other potential sites uncovered during an upcoming West Vail master planning process. Moffet moved with Ruotolo seconding a motion to approve the ordinance. The motion passed 6-1, Donovan opposed. The tenth item on the agenda was the Second Reading of Ordinance No. #18, Series of 2005, an ordinance amending Section 12-7H-12, Density (Dwelling Units Per Acre), Vail Town Code, to allow multiple attached accommodation units within a dwelling unit located within the Lionshead Mixed Use 1 zone district. On June 27, 2005, the PEC held a public hearing on a request for a final review of a text amendment to Section 12-7H- 12, Density (Dwelling Units Per Acre), Vail Town Code, pursuant to Chapter 12-3, Amendments, Vail Town Code, to allow multiple attached accommodation units within a dwelling unit (PEC05-0040). Upon consideration of the text amendment request, the PEC voted 5-0 to forward a recommendation of approval of the request to the Vail Town Council. On Aug. 2, 2005, Council approved Ordinance No. #18, Series of 2005 on.first reading. Ruther announced the ordinance worked to produce more "hot beds" in the LionsHead core area. Donovan clarified a room without a stove would not be considered a kitchen facility. Representing Vail Resorts, Jay Peterson stated the use does not work well in a public accommodation zone district. Four buyers of The Arrabelle at Vail Square had asked for a second lock-off unit. Hitt stated he believed staff had not researched the matter thoroughly enough as it could have potentially been expanded throughout town. Moffet moved with Cleveland seconding. The motion passed unanimously, 7-0. The eleventh item on the agenda was the Town Manager's Report. - Visitor Information Center Operator Contract Zemler called Cou_ ncil'_s attention to a draft contract he was preparing to sign between the towri and Vail Info Inc for operation of the Visitor Information Centers, effective Oct. 1, 2005. Zemler asked if Council had any fundamental concerns with the contract prior to its execution, to which there were none. During the discussion, some operational details were discussed. Moffet suggested requiring vendors who do business in the Town of Vail, such as fly fishing guides, be required to obtain a Vail business license, while Slifer suggested expanding the Visitor Center operational policies to include some additional assistance in helping guests with lodging outside the town's boundaries, if needed. Donovan suggested increasing the number of hours a volunteer must work in order to obtain a parking. pass. However, as the discussion continued, which included comments by Mike Griffin, who currently manages the community host volunteer program, the Council agreed to maintain the 80 hour requirement as drafted. Following the discussion, Griffin. was commerided by the Council for his dedication and hard work in managing the visitor centers and the community host program. Zemler and Silverthorn discussed the development of a new transit map. The new maps would include outside entity advertising to assist in defraying the cost of graphic production and printing. The twelfth item on the agenda was adjournment. The meeting was adjourned at approximately 9:30 p.m. Moffet moved with Ruotolo seconded a motion to adjourn. The motion passed unanimously, 7-0. Respectfully Submitted, Rodney E. Slifer, Mayor ATTEST: Lorelei Donaldson, Town Clerk Minutes provided by Corey Swisher. 6 TOWN OF YAIL ' Department of Public Works & Transportation 1309 Elkhorn Drive Yail, Colorado 81657 970-479-2158 Fax: 970-479-2166 www. vailgov. com Memorandum To: Vail Town Council From: Gregg Barrie Re: Gore Valley Trail Improvements at Cascade Village Date: 'September 6, 2005 Dear Council Members, On August 30, 2005, the Department of Public Works received and opened one bid for the Gore Valley Trail Improvements at Cascade Village. Based on the information provided below, Staff is requesting that the Council approve a project budget, and award the Project to B & B Excavating. The Bid Documents divided the work into four separate projects: The Protects Project 1: Burial of Electrical Conduits for Holy Cross Energy This project will be constructed in conjunction with Project 2, and will be paid for using the "Enhancement Funds" used to bury overhead electric lines throughout Vail. Project 2: Bike Path Reconstruction -Donovan Park to Westhaven Drive A full reconstruction of the path including minor widening, straightening, installation of root barrier to prevent future root damage, shouldering, and repaving. Project 3: Westhaven Drive Pedestrian Walk Involves the addition of a concrete walk along the western side of Westhaven Drive. The walk is needed to provide a pedestrian separation from the street, and to connect two proposed walks along other portions of Westhaven Drive. Project 4: Bike Path Repairs -Westhaven Drive to Skier Bridge Includes minor widening, straightening, shouldering, and an asphalt overlay to bring the path up to recreation path standards. The Town has reserved the right to award the projects individually or as a whole. Schedule Assuming that all easements and temporary construction agreements are finalized, work is likely to begin around September 12 on Projects 1 and 2. If the weather is agreeable, parts of Project 4 may also be completed this fall. Project 3 will be constructed in cooperation with the Westhaven Condominiums project, likely in the summer of 2006. RECS'CLED P9 PER Project Funding For the construction of Projects 2, 3, and 4, Staff is requesting a project budget of $400,000"`. Project 1 will be performed under the Town's contract with B & B Excavating, however, it will be reimbursed by Holy Cross Energy. Therefore the total requested project budget is $645,000. Funding would come from the following sources: Cascade Bike Path Reconstruction - 2005 Budget $ 150,000 Cascade Village Co-op Funding $ 60,000 Recreation Path Maintenance - 2005 Budget $ 150,000 Recreation Path Maintenance - 2006 Budget $ 40,000 Recreation Path Totals $ 400,000 Holv Cross. Enhancement Funds to be reimbursed $ 245,000 Project Total $ 645,000 *Based on original estimates for the recreation path projects, $330,000 was budgeted from various funding sources. The revised budget ($400,000) is based on the actual bid amount ($351,422), substantial increases in asphalt costs, providing an adequate contingency (10%) to account for potential additional costs due to rocky soils (it is a river bottom), and related expenses for easement acquisition across Parcel B North. Please keep in mind that when completed, the Town will have repaired and enhanced over 3000 linear feet of the heavily used Gore Valley Trail. In addition, the Town will have acquired Recreation Path Easements and Maintenance Agreements through the Cascade Village Metropolitan District, and buried over'/4 mile of overhead power lines. Action Requested by Council . Town Staff is recommending the following: 1. Approve a total project budget of $645,000 with the understanding that Town will be reimbursed for the cost of Project 1 through the Holy Cross Energy Enhancement Funds.. 2. Award the Gore Valley Trail Improvements at Cascade Village project, in whole, to 8 8 8 Excavating in the amount of $ 574, 583.87 with the understanding that a portion of the work will.be completed in the spring. TO: Town Council FROM: Community Development Department DATE: September 6, 2005 SUBJECT: West Vail Sub-Area Plan PURPOSE The purpose for creating a West Vail Sub-Area Plan is to provide an improved framework for decision making in the West Vail commercial area by providing direction on appropriate uses, the "bulk, mass, architectural character of buildings, and design themes associated with landscaping and signage. The new plan document will also help to identify other public improvements which developers should consider upon submitting proposals to the Community Development Department, such as affordable housing, retail uses, parking, and traffic circulation improvements. BACKGROUND In previous hearings on projects such as the Chamonix Parcel Plan and the West Vail Lodge zone change proposals, the Town Council has identified a distinct need for a new sub-area plan for the West Vail area. Given that issues of redevelopment in West Vail have recently arisen and several developers in that area of town, such as the West Vail Lodge/ Holiday Inn owners and Gart .Properties, have. indicated an interest in discovering their redevelopment potential. The Community Development Department wishes to receive direction from Town Council on how best to proceed with the planning process for West Vail. DISCUSSION Attached to this memorandum is a prospectus on a methodology for proceeding forward with a planning process for the West Vail Area (Attachment A). The Community Development Department would like a recommendation from the Town Council to proceed forward with the process outlined in the attached document. The total estimated cost for this planning process is approximately $62,760. The assumption in this cost is that staff would be actively involved in the development of the plan and Winston and Associates would provide design and planning assistance in the charette and plan development. A competitive process could be pursued. However, it would involve 2-3 month time frame to retain professional assistance in a competitive process. Staff is happy to pursue an RFP process. However, in this proposal staff is attempting to perform as much work as possible in-house and use external resources where they are most needed. This process is also proposed after meeting with the West Lodge and understanding their time frame for pursuing a development proposal. The 2005 Budget for West Vail planning is $100,000. F:\cdevlCOUNCIL(MEMOS\05\WestVailSubArea 090605.doc West Vail Commercial Area Plan Need: • The next area of redevelopment in Vail is in the West Vail commercial area. This area has not seen redevelopment since the Vail Commons project in the early 1990s. • The West Vail Lodge is poised for redevelopment along with the West Vail mall. In fact, an application has just been received to rezone the West Vail Mall from Commercial Core Area III to Public Accommodation. • Without an updated plan, the Town will be reactive to individual developers. A sub-area plan will allow the Town to be proactive, and identify not only limitations but also desired objectives for West Vail - a framework for making good decisions on design, bulk and mass, public improvements, circulation, and use. Proposed Tasks: Task 1: Process Review and Approval: Description: Review process with Council and receive approval of process and budget & develop committee to work on project. Need to define geographic boundaries. Options: a) Timber Ridge west to Wendy's between I-70 and Chamonix b) Brandess Building to Wendy's between I-70 and Chamonix Completion Date: September 6, 2005 Cost: $0 Task 2: Staff Collection of Related Information and Data: Description: Staff review of existing land use documents, zoning, and existing uses. Review sales tax information on uses. Collect data and field observations; visual inventory, current aerial photography, either digital or hard copies of: existing buildings, streetscape, and grading /elevation data. Since there will be a very significant amount of data collection, organization, and coordination, a temporary intern position is justified for the duration of Task 2. Completion Date: September 9, 2005 Cost: $0 >, Task 3: Staff Scopinq Session to identify issues: Description: A'/Z day meeting with extended Town staff (Community Development, Pub Works, Housing) including site visit to review information on West Vail area and determine known issues in the areas such as: • Land Use/Zoning conflicts and opportunities • Circulation/Transit issues • Infrastructure conditions, needs • Economic Trends/Sales Tax • Parking • Housing Needs • Environmental issues • Life/Safety • Visual character Completion Date: September 8, 2005 Cost: $750. Task 4: Design Charette Description: This will be an interactive design process, incorporating Town Staff, area property owners, local designers and architects, several professional consultants ranging from urban design to economics and the public. The mission will be to develop design/planning constraints and objectives (guidelines or a 'framework plan') and then to create one or two hypothetical proposals that will test the framework plan and lead to refined future design guidelines for this area. The work session will begin with an evening discussion open to W. Vail as well as the Vail community at large. The topic for the evening meeting will be: A. What's working and not working in West Vail? B. Overall goals and objectives for infill development and redevelopment. For example, o in general terms what is the future of West Vail? Will it continue to be a auto- oriented convenience commercial? Or can/should it evolve into a more self- contained residential/commercial village? o What needs to happen to recapture the loss in retail sales experienced in W. Vail over the last 5 years? The outcomes of the evening discussion group will influence the directions of the charrette over the following several days. ' The following 2'h days will consist of a working charrette with the team members giving form to the goals and objectives, developing a framework to guide development (building envelopes, views to be preserved, key circulation objectives, various densities and types of residential and mixed use, etc.). Topics and themes of the charrette will include: ~,~ C. Should there be an architectural consistency? A theme? D. Do we, need to regulate uses? How? (horizontal zoning?) E. Height-Should this area be consistent with Lionshead heights? Lower? Higher? F. Can we provide adequate parking and yet create.a more pedestrian-friendly setting? G. What are the building bulk and mass objectives? How can they be regulated with some flexibility but yet maintain a predictable end result? H. Vehicular and pedestrian circulation needs/improvements I. Landscaping J. Signage During the charrette we will have a variety of professionals participating, including planners, architects and retail specialist. We intend to use interactive 3D modeling as a tool to provide immediate feedback. We will schedule drop-in sessions for local architect(s), land owners/developers in the area, residents, Town staff, Council/PC, etc. Schedule: Tuesday • Site Visit for visiting consultants and town staff/council. • Overview evening discussion on W. Vail goals with residents (open to all) Wednesday • Charette DAY 1 Thursday • Charette DAY 2 Friday • Charette'/z DAY and "dismount" The envisioned end products from the charrette will be: o a 3D massing model showing .desired development constraints and directions (building placement, size), and o an outline of design guidelines-for future redevelopment /development. 0 one or two examples of potential development o a brief presentation and/or report summarizing the directions of the ~ charrette Completion Date: September 30, 2005 Cost: $42,600 Task 5: Public Review of Concepts Description: This step would involve soliciting feedback on the design concept(s) created in Task 4. This would include meetings with: Area Residents West Vail Business Owners Town Boards Town Council This Step would culminate in the committee recommending asub-area concept to the Vail Town Council. Our hope is that Task 4 will have paved the way for gaining general consensus on a direction. After this step it may be possible to begin considering a development proposal. Completion Date: October 18, 2005 Cost: $2,640 Task 6: Draft Sub Area Plan Based on the preferred concept, prepare a draft sub area plan with guidance on: A. Goals and Objectives B. Architectural Theme C. Uses/Horizontal Zoning D. Height E. Parking F. Vehicular and Pedestrian Circulation Needs/Improvements G. Bulk and Mass H. Landscaping I. Signage This step also involves review of these parameters with PEC, DRB, and the Town. Council. We have assumed 2 joint work sessions and 2 additional meetings. Completion Date: November 22, 2005 Cost: $15,000 Task 7: Approval of Sub Area Plan Description: This Task includes approval of the sub area plan by the PEC and the Town Council. Completion: December 20, 2005 Cost: $1, 800 Task 8: Implementation of the Sub Area Plan Description: This task includes modifying zoning as appropriate and may result in recommendations to the Town of Vail Capital Budget. The work will be done primarily by staff with review/comment by other participants in the process. Completion: January 17, 2006 Cost: $0 Summary In summary this sub area plan will: Provide an improved framework for decision making in the West Vail commercial area by providing direction on appropriate uses, bulk & mass, along with other development parameters. It would also identify other public improvements developers should consider such as affordable housing, retail, and circulation improvements. This sub area plan will help clarify expectations for developers and adjacent property owners. It will also help improve the economic viability of this commercial area in Vail in light of competition from down-valley commercial areas. Completion: January 17 Total Cost: $62,760 F:\cdev\COUNCIL\MEMO3\05\Strategic Plan Proposal FinalJtv~2.doc TOWN COUNCIL AGENDA REQUEST (Request form must be given to the Secretary to the Town Manager by 4:00 p.m. Wednesdays.) MEETING DATE: September 6. 2005 (Prepare a separate Agenda Request for each agenda item. If the agenda item will be discussed at both a Work Session and an Evening Meeting, be certain to check both boxes in this section and indicate time needed during each meeting.) Work Session TIME NEEDED Evening Meeting TIME NEEDED 30 min Site Visit TIME NEEDED WILL THERE BE A PRESENTATION ON THIS AGENDA ITEM BY NON-TOV STAFF? X_ NO. YES. Specifics: WILL THE PRESENTATION OF THIS AGENDA ITEM REQUIRE ANY SPECIAL EQUIPMENT, i.e. overhead projector, etc.? X_ NO. YES. Specifics: WILL THERE BE MATERIAL TO BE INCLUDED IN COUNCIL PACKET FOR THIS ITEM? NO. X_ YES. If yes, is the material also for public distribution? X Yes. No. ITEM/TOPIC: Ordinance No. 20, Series of 2005, an ordinance repealing and re-enacting Ordinance No. 9, Series of 2003, providing for a major amendment to Special Development District No. 36, Four Seasons Resort, and amending the approved development plan for Special Development District No. 36 in accordance with Chapter 12-9A, Vail Town Code, and setting forth details in regard thereto. ACTION REQUESTED OF COUNCIL: Approve, approve with conditions, or deny Ordinance No. 20, Series of 2005; on first reading. BACKGROUND RATIONALE: Ordinance.No. 20, Series of 2005, repeals and re-enacts Ordinance No. 9, Series of 2003, to allow for the redevelopment of the existing Chateau at Vail and Vail Amoco sites. The proposal includes 122 accommodation units, 19 fractional fee club units, 28 Type III Employee Housing Units, 16 dwelling units, retail and restaurant uses, conference and meeting rooms, and a spa and health club. On August 8, 2005, the Planning and Environmental Commission voted 6-0-1 (Lamb recused) to forward a recommendation of approval to the Vail Town Council of the applicant's proposal. The applicant is proposing to reduce the number of accommodation units, fractional fee units, dwelling units, and employee housing units, thereby necessitating a major amendment to Special Development District No. 36. STAFF RECOMMENDATION: The Community Development Department recommends that the Town Council approve.Ordinance No. 20, Series of 2005, on first reading. Matthew R. Gennett Community Development Department MEMORANDUM To: Town Council From: Stan Zemler Judy Camp Date: September 1, 2005 Subject: 2005 Supplemental Appropriation and Budget Adjustment We are attaching the following documents for your review. In the evening meeting you will be asked to approve on second reading Ordinance Number 19 making supplemental appropriations and budget adjustments to the 2005 budget. • Revised 2006 Budget Timetable • General Fund -Changes in Compensation from 2004 Actual to 2005 Amended Budget • Proposed Supplemental Appropriation and Budget Adjustments Spreadsheet (S-1 through S-3) • Summary of Revenue, Expenditures, and Changes in Fund Balance -General. Fund (GF- 1), Capital Projects Fund (CPF-1 through CPF-2), Real Estate Transfer Tax Fund (RETT) (R-1 through R-2), Dispatch Services Fund (DSP-1) and Conference Center Fund (CCF-1) • Ordinance No. 19 of 2005 General Fund Compensation At the last Council meeting, Diana Donovan asked why compensation had increased by 7.6% from 2004. Major changes are identified in the attached schedule. Of the 7.6% increase, 3.7% is due to salary increases budgeted for 2005 and 3.0% is due to the addition of fixed term positions to support redevelopment activity. Nine redevelopment positions were included in the original 2005 budget. Three part-time CEO's, one intern to back up CEO positions, and apart-time construction inspector were authorized in the first supplemental of 2005. Capital Projects Fund Tuesday's agenda includes discussion of streetscape adjacent to the Mill Creek Court Building and a staff recommendation to supplement the budget. In the attached supplemental appropriation, we have included $205,000 cost-sharing revenue partially offsetting $255,000 incremental expense in the Capital Projects Fund and $225,000 incremental expense in the RETT Fund. Version 6 Changes Highlighted Town of Vail Proposed 2006 Budget Timetable Contributions Council criteria discussion 05/03/05 Out of cycle funding requests (if needed) 06/07/05 Deadline for return of packets 07/29/05 Council Discussion & Questions of requests 08/16/05 Council evaluation of requests and direction for 2006 budget 09/20/05. Budget Guidelines Council discussion of budget timetable 05/03/05 Council discussion of budget philosophies 06/07/05 Guidelines distributed to department heads 06/15/05 2005/2006 parking plan recommendation TBD Presentation of 2004 audit report to Council 08/02/05 Budget Preparation Capital budget request for county funds submitted 07/08/05 Staff prepares departmental budgets 06/15/05 to Council discussion of major revenue items 07/19/05 Town Manager reviews departmental budgets 07/25/05 to Council discussion of Capital plan 09/06/05 Council discussion of RETT plan 09/06/05 Council review of Vail Reinvestment Authority budget 09/20/05 Council review of first draft of 5-year capital plan 09/20/05 Council review of first draft of 5-year RETT fund 09/20/05 Council review of second draft of 5-year capital plan 10/04/05 Council review of second draft of 5-year RETT fund 10/04/05 Council review of first draft of Town Manager's budget 10/04/05 Budget Documentation and Reporting First reading of 2005 Supplemental Number Two 08/16/05 Second reading of 2005 Supplemental Number Two 09/06/05 First reading of 2006 budget ordinance 10/04/05 Second reading of 2006 budget ordinance 10/18/05 First reading of mil levy certification ordinance 11/15/05 First reading of 2005 Supplemental Number Three 11/15/05 First reading of 2006 Conference Center Budget Ordinance 11/15/05 Second reading of mil levy certification ordinance 12/06/05 Second reading of 2005 Supplemental Number Three 12/06/05 Second reading of 2006 Conference Center Budget Ordinance 12/06/05 Mil levy certification deadline to Eagle County 12/15/05 Budget book submission 01/31%06 Complete Complete Complete ,Complete , Complete Complete Complete Complete Complete 07/18/05 Complete 08/12/05 if necessary if necessary Complete Town of Vail General Fund Changes in Compensation from 2004 Actual to 2005 Amended Budget Compensation - 2004 Actual Salary Increases Budgeted for 2005 Redevelopment Positions Added Overtime for bus charters (offset by revenue) I-70 speed education and enforcement program extended (funded from Capital Projects) Mountian Response 2005; Underage Drinking Grant; Spring Back to Vail (offset by revenue) Seasonal bus drivers converted to full-time in original 2005 budget Parking auditor in 2005 budget Other schedule adjustments in original 2005 budget Information technology support tranferred to Dispatch Services Fund Total Increase 2005 Amended Budget F:\Users\FINANCE\BUDGET16udget051Supplementals\Supp 2 Variance Analysis $ 10,039,142 370,193 3.7% 296,782 3.0% 13,500 0.1 40,519 0.4% 9, 707 19,934 15,964 18,562 (19,500) 765,661 0.1 0.2% 0.2% 0.2% -0.2% 7.6% $ 10,804,803 9/1 /05 Proposed Supplemental Appropriations and Budget Adjustments #2of 2005 Revenue Expenditure Increase Increase Version 2 Second Reading Changes Highlighted Description (Decrease) (Decrease) Reason Capital Projects Fund Reimbursement from Shared:Prop 205,000 ~ Mill Creek Court streetscape Contraction 255,000 Mill Creek Court streetscape Contraction 94,620 widening of Westhaven Drive Bridge for pedestrian walking path contingent on TrK Contraction 365,000 Phases I & II of Westhaven Circle & Greenhill Court reconstruction Sales. Tax Contraction Hardware Hardware Sales Tax Timber Ridge Loan Shared Projects Hardware Subtotal Capital Projects Fund RETT Projects Fund Rett Contraction Construction `. ~ :~ Taxes/RETT Original Professional Fees Recreation Amenities Fees Professional Fees Tree Maintenance Subtotal RETT Projects Fund General Fund State Revenues Police Salazies Police Benefits Community Policing Volvo Contract Economic Development Shared Projects Partnership/Collaboration (24,000) Sales tax from GF back to GF for I-70 speed education & enforcement (24,000) Add'I 6 months fiunding for I-70 speed education & enforcement 78,486 AS400 upgrade, software upgrade, procurement module -move from 2006 20,000 Info Centers Softwaze & 2 public computer stations 525,000 - increase in projection from budget 700,000 Timber Ridge Loan 8,820 revenue received from Avon PD for items related to CEP019 (CAD/RMS) 8,820 cost of items for AVON PD related to CAD/RMS project 714,820 1,497,926 structural improvement to Cascade Village skier/pedestrian 106,305 Tract K 225,000 Mill Creek Court streetsoape . ' 1,377,000 increase in projection of RETT tax budgeted 68,850 increase in projection of management fees budgeted 165,400 increase in projection of Recreation Amenities Fees 35,000 Stream tract incursion survey 50,000 Forest health -Donovan Park/Matterhorn 1,542,400 485,155 18,282 - CDOT Underage Drinking Grant revenue 1,081 expenses incurred CDOT Underage drinking grant 424 expenses incurred CDOT Underage drinking grant 16,777 expenses incurred CDOT Underage drinking grant 40,000 Volvo contract for 2005 6,500 Volvo signage at Vail Village structure 6,454 VRI 25% share of Front Line newsletter expenses 6,454 25% of costs incurred with Front Line newsletter expenses bridge contingent on Sapp 2 of2005 050906 S-1 9/1/2005 7:53 AM Version 2 'Second Reading Proposed Supplemental Appropriations and Budget Adjustments #2of 2005 Changes Highlighted Revenue Expenditure Increase Increase Description (Decrease) (Decrease) Reason 1S Salaries (19,500) transfer to dispatch to help fund IPS end user for CAD/RMS project Transfer to Dispatch Services 19,500 transfer to dispatch to help fund IPS end user for CAD/RMS project Police Contract Overtime 2,621 Revenue collected for extra policing during Springback to Vail Police Contract Overtime 1,802 expenses incurred by Vail PD during Springback to Vail Contract Services 819 expenses incurred by outside sources during Springback to Vail Other State Revenues 5,400 2005 Mountain Response grant revenue for shuttle service Transit Overtime 5,400 overtime for shuttle bus service during 2005 Mtn Response Other State Revenues 3,281 2005 Mountain Response grant revenue Telephone Use 117 2005 Mtn Response EOC phone line rental Printing & Publishing 345 2005 Mtn Response laminating maps for drill Uniforms 2,182 2005 Mtn Response protective gear & EOC vests Small Equipment <$SK 596 2005 Mtn Response rubber gloves Office Supplies 41 2005 Mtn Response supplies for drill Other State Revenues 4,951 2005 Mountain Response grant revenue Partnership/Collaboration 4,951 advertising for 2005 Mtn Response Capital Projects 24,000 Transferred back from Capital Projects I-70 speed education & enforcement Police Salaries 17,240 add'I 6 months of I-70 speed education and enforcement Police Benefits 6,765 add'16 months of I-70 speed education and enforcement Bus Charter Revenue 15,000 additional revenue collect for bus charters • Misc Operating Expenses 1,500 new bus vacuum for the bus wash Transit Overtime 13,500 add'1 overtime incurred with bus charters Plan Check Fees 156,000 Additional plan check fees - Arrabelle Proj Reimbursements/Shared 13,456 Additional shared projects revenue - Arrabelle/Crossroads Consultants/Reimbrseables 19,788 outsourcing design review and 3-D analysis Professional Fees 104,193 outsourcing plan check fees Plan Check Fees 403,500 Four Seasons Professional Fees 338,920 Colorado Inspection Agency 2005 portion of plan checks, etc RETT Management Fees 68,850 increase in the projection of RETT management fees collected Contract Services 6,382 4th quarter installment for Info Centers Telephone Use 1,313 4th quarter expenses for the Info Centers Internet 288 4th quarter expenses for Info Centers Software R&M 833 4th quarter expenses for the Info Centers Proj Reimbursements/Shared 5,000 cost share advertising during spring construction Partnership/Collaboration 5,000 cost share advertising during spring construction Conference Ctr Fees 13,050 increase in mgmt fees due to increase in projection of CC taxes Ski Lift Tax 147,000 increase in the projection for 2005 budget Construction Permit Fees (340,000) reduction in projection of 2005 budget Subtotal General Fund 586,845 563,211 Dispatch Service Fund Transfer from GF 19,500 Contract Services transfer from GF to help fund IPS end user support for CAD/RMS 19,500 add'1 funding for IPS end user support for CAD/RMS project Supp 2of 2005 050906 S-2 911/2005 7:53 AM Version 2 Second Reading Proposed Supplemental Appropriations and Budget Adjustments #Zof 2005 Changes Highlighted Revenue Expenditure Increase Increase Description (Decrease) (Decrease) Reason Shared Projects 21,870 for public safety air cazds and DSL monthly chazges to user agencies Access Charges-Communication 21,870 add'1 expeditures for air cards &DSL for user agencies Other State Revenues 11,593 2005 Mountain Response reimbursements Office Supplies 805 2005 Mtn Response supplies for drill Dispatch Salaries 5,790 2005 Mtn Response training expenses Telephone Repair & Install 4,998 2005 Mtn Response EOC equipment Subtotal Dispatch Service Fund 52,963 52,963 Conference Center Fund Design Fees 350,000 per councils' direction CC Sales Tax 98,000 increase due to projection over budget CC Public Accomodations Tax 163;000 increase due to projection over budget Collection Fees 13,050 increase in management fees due to increase in projection of CC taxes Subtotal Conference Center Fund 261,000 363,050 Total All Funds 3,158,028 2,962,305 Supp 2 of 2005 050906 S-3 9/1/2005 7:53 AM Version 1 Second Reading Supplemental 2 2005 Budget General Fund Schedule of Revenues, Expenditures, and Changes in Fund Balance 2004 2005 Audited Amended Actuals Budget Revenue Local Taxes Sales Tax 8,881,480 ~ 8,796,604 .. Property and Ownership 2,621,493 2,637,458 Ski Lift Tax 2,496,162 2,585,000 Franchise Fees, Penalties, and Other Taxes 699,649 688,500 Licenses 8~ Permits 1,685,277 2,839,95Q Intergovernmental Revenue 1,435,982 1;356,51:1 `; Transportation Centers 3,285,932 2,955,000 Charges for Services 807,041 785,237 ;: Fines & Forfeitures 210,497 202,900 Earnings on Investments 172,806 120,000 Rental Revenue 803,939. 748,865 Miscellaneous and Project Reimbursements 359,829 362,481 Transfer from RETT 27,435 - Total Revenue 23,487,522 24,078,502 Expenditures Salaries 10,039,142 10,804,803 Benefits 3,368,357 3,719,634 Subtotal Compensation and Benefits .13,407,499 14,524,437 Contributions and Special Events 996,662 817,876 All Other Operating Expenses 4,338,334 5,261,982 '' Heavy Equipment Operating Charges 1,406,066 1,609,506 Heavy Equipment Replacement Charges 424,478 581,522 Dispatch Services 463,813 559,034 Total Expenditures 21,036,852 23,354,357 Revenue Over (Under) Expenditures 2,450,670 724,145 Transfer to Capital Projects Fund (1,773,800) (62,000) Transfer to RETT Fund (10,762) Transfer for Dispatch Services Fund _~~ (19,500} Beginning Fund Balance 10,376,744 11,053,614 Ending Fund Balance $ 11,053,614 $ 11,685,497 GF-1 Version 2 Second Reading Supplemental 2 2005 Budget Capital Projects Fund Schedule of Revenue, Expenditures, and Changes in Fund Balance 2004 2005 CEP011 CEP005 CEP018 CEP005 Sales Tax . Federal Grant Revenue Lease Revenue CDOT Reimbursement Transfer from General Fund Transfer from Dispatch Services Fund Transfer from RETT Project Reimbursement Eagle County Grant Revenue Interest Income & Other Total Revenue Expenditures Equipment Purchases Document Imaging Software & Hardware Upgrades Web Page Development/Ecommerce Eagle County CAD / RMS Project Police Copier Police Vehicles Hardware Laptop Video Security for Jail Patrol Car Video Cameras Quick Response Vehicle -Fire Dept Fire Department Breathing Apparatus Replace Buses GPS for Buses Police Vehicles Vehicle Expansion Subtotal Equipment Purchases Capital Maintenance Bus Shelter Replacement Capital Street Maintenance Parking Structure Improvements General Facility Improvements Subtotal Capital Maintenance Buildings ~ Improvements Town Manager's Residence Town Manager's Office Audited Amended Actuals Budget 6,700,095 6,349,400 ~' 1,412,098 1,740,240 189,480 150,000 40,322 - 1;773,800 62,000 110,000 - 1,130,205 - 1,031,157 1,100;468. 366,510 250,000 354,995 25,000 13,108,662 9,677,108 20,437 40,000 205,872 140,486 50,000 662,804 1,88,290 <' 10,310 65,808 - 10,628 - CEP004 CMT003 CMT004 CMT007 CMT005 CB1010 CSC010 Fire infrastructure improvements Fiber Optics in Buildings Dobson Ice Arena Way Finding Improvements - 45,000 108,555 - 24,772 25,000 2,295,622 2,430,700 30,720 269,280 274,272 - 40,300 3,699,490 3,239,366 .10,532 38,000 620,054 1,584;565 520,000 508,740 482,542 331,500 1,633,128. 2,462,805 56,786 8,309 56,730 270,635 21,650 .90,000 163,880 10,000 6,289 79,284 CPF-1 Version 2 Second Reading Supplemental 2 ,2005 Budget Capital Projects Fund Schedule of Revenue, Expenditures, and Changes in Fund Balance 2004 2005 Audited Amended CB1021 Donovan Park Pavilion CB1023 Multi-Purpose Recreation Facility Subtotal Bldgs /Improvements Streetscape Projects CSC011 West & East Meadow Drive CSC012 Village Streetscape Subtotal Streetscape Projects Actuals Budget 46,978 42,000 1,451,816 88,000 1,812,438 579,919 55,256 199,360 ~ 3,146,998 ~ 2,674,615'~~ 3,202,254 2,873,975 Housing Program CHP001 Buy-Down Program - 200,000 CHP006 Timber Ridge Debt Service Guarantee - 925,000 Timber Ridge Loan ~ 700,000 Subtotal Housing Program - 1,825,000 Lionshead Redevelopment COT009 Lionshead Improvements 90,659 313,955 Subtotal Lionshead Redevelopment 90,659 313,955 COT002 COT003 COT011 COE001 Other Improvements Revise TOV Master Plans (W. Vail) Street Light Improvement Program Drainage Improvements I-70 Noise Subtotal Other Improvements Total before Financing Transfer for Debt Service Total Expenditures Revenue Over (Under) Expenditures Beginning Fund Balance Ending Fund Balance 100,000 62,804 50,000 75,000 75,000 58,340 526,000` 196,144 751,000 10, 634,113 12, 046, 020 2,337,905 2,422,154 12, 972, 018 14, 468,174 136,644 (4,791,066) 8,054,258 8,190,902 $ 8,190,902 $ 3,399,836 CPF-2 Version 2 Second Reading Supplemental 2 2005 Budget Real Estate Transfer Tax Fund Summary of Revenue, Expenditures, and Changes in Fund Balance REVENUE Real Estate Transfer Tax Golf Course Lease Lottery Revenue Land Sales 8~ Exchange Project Reimbursements AIPP Revenue Interest Income 8~ Other Transfer from GF Recreation Amenity Fees Total Revenue EXPENDITURES Annual Maintenance RETT Collection Costs Rec. Path Capital Maintenance Betty Ford Alpine Gardens Support Tree Maintenance Street Furniture Replacement Black Gore Creek Sand Mitigation Park Capital Maintenance Bear Proof Containers Park, Path & Landscape Maintenance Subtotal Maintenance Recreation Path/Trail Development Cascade Bike Path Trailhead Development N. Frontage Rd. (School to Roundabout) Village Streetscape Design & Implement Meadow Drive Subtotal Pathways Capital Maintenance ADA Compliance w/ VRD Raw Water Project Stream Tract Mitigation Pirate Ship Park -Per Safety Plan Big Horn Park -Per Safety Plan Public Art 2004 2005 Audited Amended Actuals Budget 4,850,152. 6,000,000 107,941 115,956 21,686 20,000 56,600 3,300 35,000 - 116,372 79,000 10,762 226,745 36Q,000 5,414,496 6,589,018 240,987 300,000 62,178 213,628 75,000 122,000 28,410 137,000 i 12,969 37,030 150,000 100,000 0 114,500 0 19,500 749,963 1,097,991 1,319,507 2,141,649 256,305 3,443 36,555 592,744 57,256 2,450,000 2,525,000 25,000 3,046,187 2,900,116 50,000 1,042 228,097 3500a 298,782 36,888 225,000 62,555 167,419 RT-1 Version 2 Second Reading Supplemental 2 2005 Budget Real Estate Transfer Tax Fund Summary of Revenue, Expenditures, and Changes in Fund Balance Seibert Circle Subtotal Capital Maintenance Park Development Donovan Park White Water Park Skate Park Vail Memorial Park Subtotal Park Development Open Lands Open Space Acquisition Subtotal Open Lands Project Management Parks and Landscaping AIPP Subtotal Project Management Total Expenditures Revenue Over (Under) Expenditures Transfer to Capital Projects Fund Transfer to Genreral Fund Beginning Fund Balance Ending Fund Balance 2004 2005 Audited Amended Actuals Budget 1,134,000 362,379 1,876,404 3,266 49,734 41,683 - 100,000 2,250 - RT-2 44,949 149,734 - 500,000 - 500,000 79,491 81,735 84,326 79,491 166,061 4,854,763 7,733,964 559,733 (1,144,946) (1,130,205) - (27,435) - 6,280,458 5,682,551 $ 5,682,551 $ 4,537,605 Version 1 Second Reading Supplemental 2 2005 Budget Dispatch Services Fund Schedule of Revenue, Expenditures, and Changes in Fund Balance 2004 2005 Audited Amended Actuals Budget Revenue E911 Board Revenue Interagency Charges Town of Vail Interagency Charge Earnings on Investments E911 BOARD Capital Grant Transfer from General Fund Other Total Revenue Expenditures Salaries & Benefits Operating, Maintenance ~ Contracts Capital Outlay Total Expenditures $ 369,000 $ 345,660 719,068 814,058 463,813 559,034 6,317 - 19; 500 33,463 1,558,198 1,771,715 1,290,384 1,332;646 217,093 401,258 120,299 11,750 1,627,776 1, 745,654 Revenue Over (Under) Expenditures (69,578) 26,061 Transfer to Capital Projects Fund Beginning Fund Balance Ending Fund Balance (110,000) 386,692 207,114 $ 207,114 $ 233,175 DSF-1 Version 1 Second Reading Supplemental 2 2005 Budget Conference Center Fund Schedule of Revenue, Expenditures, and Changes in Fund Balance 2004 2005 Audited Amended Actuals Budget Revenue Sales Tax Public Accomodations Tax Subtotal Taxes Penalties and Interest on Delinquent Taxes Interest 1,828,234 1;805,000 1,730,378 1,75,000 '. 3,558,612 3,540,000 8,458 - 67,603 - 3,634,673 3,540,000 Expenditures - Admin Management Fee Office Supplies Postage Subtotal Administration Capital Outlay Professional Fees Design Fees Subtotal Capital Outlay Total Expenditures Revenue Over (Under) Expenditures Beginning Fund Balance Ending Fund Balance 178,353 1;77,OOQ 1,315 - 725 - 180,393 177,000 609,544 49,271 179,940 1,322,607 789,484 1, 371,878 969,877 1,548,878 2,664,796 1,991,122 3,026,538 5,691,334 5,691,334 7,682,456 CCF-1 ORDINANCE NO. 19 SERIES OF 2005 AN ORDINANCE MAKING SUPPLEMENTAL APPROPRIATIONS TO THE TOWN OF VAIL GENERAL FUND, CAPITAL PROJECTS FUND, REAL ESTATE TRANSFER TAX FUND, DISPATCH SERVICES FUND, AND CONFERENCE CENTER FUND OF THE 2005 BUDGET FOR THE TOWN OF VAIL, COLORADO; AND AUTHORIZING THE EXPENDITURES OF SAID APPROPRIATIONS AS SET FORTH HEREIN; AND SETTING FORTH DETAILS IN REGARD THERETO. WHEREAS, contingencies have arisen during the fiscal year 2005 which could not have been reasonably foreseen or anticipated by the Town Council at the time it enacted Ordinance No.25, Series of 2004, adopting the 2005 Budget and Financial Plan for the Town of Vail, Colorado; and, WHEREAS, the Town Manager has certified to the Town Council that sufficient funds are available to discharge the appropriations referred to herein, not otherwise reflected in the Budget, in accordance with Section 9.10(a) of the Charter of the Town of Vail; and, WHEREAS, in order to accomplish the foregoing, the Town Council finds that it should make certain supplemental appropriations and budget adjustments as set forth herein. NOW, THEREFORE, BE IT ORDAINED, BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO that: 1. Pursuant to Section 9.10(a) of the Charter of the Town of Vail, Colorado, the Town Council hereby makes the following supplemental appropriations and budget adjustments for the 2005 Budget and Financial Plan for the Town of Vail, Colorado, and authorizes the expenditure or (reduction) of said appropriations as follows: General Fund $ 563,211 Capital Projects Fund 1,497,926 Real Estate Transfer Tax Fund 485,155 Dispatch Services Fund 52,963 Conference Center Fund 363,050 Total 2 962 305 2. If any part, section, subsection, sentence, clause or phrase of this ordinance is for any reason held to be invalid, such decision shall not affect the validity of the remaining portions of this ordinance; and the Town Council hereby declares it would have passed this ordinance, and each part, section, subsection, sentence, clause or phrase thereof, regardless of the fact that any one or more parts, sections, subsections, sentences, clauses or phrases be declared invalid. 3. The Town Council hereby finds, determines, and declares that this ordinance is necessary and proper for the health, safety, and welfare of the Town of Vail and the inhabitants thereof.. 4. The repeal or the repeal and reenactment of any provision of the Municipal Code of the Town of Vail as provided in this ordinance shall not affect any right which has accrued, any duty imposed, any violation that occurred prior to the effective date hereof, any prosecution commenced, nor any other action or proceedings as commenced under or by virtue of the provision repealed or repealed and reenacted. The repeal of any provision hereby shall not revive any provision or any ordinance previously repealed or superseded unless expressly stated herein. 5. All bylaws, orders, resolutions, and ordinances, or parts thereof, inconsistent herewith are repealed to the extent only of such inconsistency. This repealer shall not be construed to revise any bylaw, order, resolution, or ordinance, or part thereof, theretofore repealed. INTRODUCED, READ, APPROVED, AND ORDERED PUBLISHED ONCE IN FULL ON FIRST READING this 16th day of August, 2005, and a public hearing shall be held on this Ordinance on the 6th day of September, 2005, at the regular meeting of the Town Council of the Town of Vail, Colorado, in the Municipal Building of the town. Rod Slifer, Mayor ATTEST: Lorelei Donaldson, Town Clerk INTRODUCED, READ, ADOPTED AND ENACTED ON SECOND READING AND ORDERED PUBLISHED IN FULL the 6th day of September, 2005. Rod Slifer, Mayor ATTEST: Lorelei Donaldson, Town Clerk MEMORANDUM TO: Vail Town Council FROM: Community Development Department DATE: September 6, 2005 SUBJECT: A request for an amendment to the Lionshead Redevelopment Master Plan, pursuant to Chapter 2, Section 2.8, Lionshead Redevelopment Master Plan, to amend the boundaries of the study area to include Evergreen Lodge, located at 250 South Frontage Road West, Lot 2, Block 1, Vail Lionshead Filing 2, and setting forth details in regard thereto. I. DESCRIPTION OF THE REQUEST The applicant, Evergreen Lodge at Vail, represented by HB Development Company, is requesting a public hearing with the Town of Vail Planning & Environmental Commission to present an amendment to the Lionshead Redevelopment Master Plan. The proposed amendment amends the boundaries of the study area of the Plan to include the Evergreen Lodge, located. at 250 South Frontage Road, and Chapter 5, Detailed Plan Recommendations, of the Plan to include detailed recommendations for the Evergreen Lodge site. The purpose of the amendment is to include the Evergreen Lodge site into the study area prescribed by the Lionshead Redevelopment Master Plan and to adopt detail plan recommendations for the site. The purpose of the amendment, however, is NOT to amend or otherwise alter the overall goals, objectives and policies stated in the Master P1an..A copy of the amended Study Area (Map A) has been attached for reference. This amendment is being proposed and shall be considered in accordance with Section 2.8, Adoption and Amendment of the Master Plan, Lionshead Redevelopment Master Plan. A copy of the staff memorandum to the Planning and Environmental Commission, dated August 22, 2005, addressing the three review criteria has been attached for reference. II. PROPOSED AMENDMENT Chapter 5 Detailed Plan Recommendations (in part) This section of the Lionshead Master plan examines individual parcels and groups of parcels within the Lionshead study area, excluding the residential properties on the south side of Gore Creek. The intent of this chapter -and the Master plan as a whole - is to identify important functional relationships and visual objectives within the district and to propose a framework for the long-term redevelopment of Lionshead. The document does not intend to limit or eliminate ideas relating to specific parcels; any proposals consistent 1 with this framework should be considered even if they are not anticipated in this document. The .parcels addressed here are organized generally from east to west, starting with the civic hub on the eastern end of the parking structure. 5.19 Evergreen Lodge at Vail The Evergreen Lodge is located directly east of the Middle Creek Stream Tract . and is bordered to the north by the South Frontage Road, to the south by the Vail. Valley Medical Center, and to the east by the WestStar Bank office building. The lot area is 114,337 square -feet or 2.625 acres. Physical improvements that currently exist on the site are a nine story stucco hotel/condominium structure with an adjoining two-story hotel facilities wing, two below-grade structured parking garages, and paved surface parking. The nine story structure has a predominant east-west orientation along the southerly edge of the site while the facilities wing has anorth-south orientation along the western edge of the site. The easterri parking garage is utilized by the Vail Valley Medical Center for employee parking and is accessed from the South Frontage Road through a shared entry/exit with the WestStar Bank office building. Opportunities for future improvements. and upgrades include: • .Creation of more underground parking; • Architectural enhancements consistent with the Lionshead Architectural Design Guidelines; • Improved exterior lighting; • Coordinated vehicular access; • Improved pedestrian circulation; and • Upgraded and expanded hotel accommodations and amenities 5.19.1 Pedestrian Access Pedestrian access should be upgraded to provide a safe and attractive pedestrian connection from the Evergreen Lodge to West Meadow Drive and along the South Frontage Road. A gravel path connecting the South Frontage Road to the paved pedestrian path located on the east side of the Dobson Ice Arena presently exists along the south side of the property. This path, while functional, receives little, if any, regular maintenance and includes a railroad tie set of stairs that is unsafe and.in disrepair. There are currently no pedestrian improvements located along the South Frontage Road. Though no improvements exist, a fair number of pedestrians use the southerly edge of the South Frontage Road when entering or exiting the site. In order to improve pedestrian access and safety, it is recommended that future redevelopment of the site includes the construction of a continuous pedestrian/bicycle path along the South Frontage Road and that the existing gravel path along the southerly edge of the site be improved and regularly maintained. 2 1 5.19.2 South Frontage Road Improvements and Vehicular Access The site is currently accessed by vehicles off of the South Frontage Road from two, two-way access points. Given the proximity of the eastern most access point to those of the Vail Valley Medical Center and the WestStar Bank office building, less than desirable vehicular traffic patterns and turning movements exist in the vicinity. In keeping with Policy Objective 2.3.4, Improved Access and Circulation, of the .Plan, opportunities for public transportation and vehicular circulation improvements should be explored in conjunction with any future redevelopment of the site. Possible opportunities for improvements may.include, an improved mass transit stop, relocated points of entry/exiting, acceleration/ deceleration lanes, greater sight distances, dedicated turning lanes and landscaped medians. 5.19.3 Preservation of Existing Accommodation Units The Evergreen Lodge presently contains 128 short term accommodation units. In addition, The Evergreen Lodge also contains a restaurant, lounge, spa, and meeting space facilities incidental to the operation of the Lodge. Given the importance and need for short term accommodations to the vitality and success of the community, any future redevelopment of the site shall ensure the preservation of ~~. short term accommodation units on the site. The preservation of short term accommodations should focus on maintaining the number of existing hotel beds and the amount of gross residential square footage on the site rather than merely requiring the preservation of 128 accommodation units. With .this in mind, ,the quality of the existing accommodation unit room could be upgraded and the. rooms could be reconfigured to create multi-room suites. In no instead, however, should the amount of gross residential floor area devoted to accommodation units be reduced. 5.19.5 Impacts on Middle Creek Stream Tract The Middle Creek Stream Tract lies to the west of the Evergreen Lodge. The Tract is owned by the Town of Vail. The tract is heavily vegetated with several substantial deciduous trees and a significant lower layer of underbrush. Although the site borders the Middle Creek Stream Tract, there is no significant amount of quality vegetation on the site, and the parcel lies out of the 100-year flood plain. As currently configured, opportunities exist to better recognize the benefits of creekside development.. While the natural riparian corridor of Middle Creek needs to remain protected and preserved, the physical and visual relationships and references between adjacent development and the stream tract should be strengthened. An opportunity exists to create a significant connection between the Evergreen Lodge and Middle Creek. Any use of Middle Creek for aesthetic or recreational purposes, however, should be subordinate to the preservation of the natural riparian corridor and its inherent character. 3 5.19.6 Relationship to the Vail Valley Medical Center and the proposed Vail Civic Center Perhaps the most critical functional relationship. is the need to coordinate any future development on the Evergreen Lodge site with the Vail Valley Medical Center. For example, every effort should be taken to ensure that future development on the Evergreen Lodge site does not preclude the Vail Valley Medical Center from reconfiguring the design of the medical center to eliminate vehicular access off of West Meadow Drive and relocate the access to the South Frontage Road. .Additional opportunities may include, shared service and delivery facilities, grading and site improvements, shared parking, and pedestrian pathway connections. 5.19.7 Service and Delivery Service and delivery functions for the hotel are accommodated on grade from the westerly entrance. Service and delivery for the Evergreen .Lodge should occur underground or be hidden from public view. Service and delivery truck turning maneuvering should not negatively impact traffic -flow on the South Frontage Road. With a realignment of the vehicular access points, attention should be given to the location of service and parking areas. An additional level of structured parking at the current Frontage Road level would help to minimize the apparent height of the existing or future structures, decrease the grade at existing access points, increase the amount of landscaping on the surface of the structure, and hide service functions below grade. III. PLANNING & ENVIRONMENTAL COMMISSION RECOMMENDATION On August 22, 2005, the Planning and Environmental Commission forwarded the following recommendation to the Vail Town Council, "The Commission finds that the proposed text and map amendments to the Lionshead Redevelopment Master Plan, as amended, comply with the review criteria outlined in Section III of the memorandum to the Planning and Environmental Commission, dated August 22, 2005, and that the amendments, as proposed, further the goals, objectives and policies, as stated in Chapter 2 of the Lionshead Redevelopment Master Plan. " Should the Vail Town Council choose to approve the proposed text and map amendment to the Lionshead Redevelopment Master Plan, the Community Development Department recommends that the Council makes the following finding, "The Vail Town Council has considered the evidence and testimony presented and has considered the recommendation of the Planning and Environmental Commission on the proposed text and map amendment to the Lionshead Redevelopment Master Plan. In doing so, the Vail Town Council finds that the proposed text and map amendments to the Lionshead Redevelopment Master Plan 4 comply with the review criteria outlined in Section III of the staff memorandum to the Planning and Environmental Commission, dated August 22, 2005, and that the amendments, as proposed, further the goals, objectives and policies, as stated in Chapter 2 of the Lionshead Redevelopment Master Plan. " q - L? p~ p4~ f l ~,,, •~- ~.- ~u __I~~~ur ~~ ~- '~ a ~% is = - ,/ ~~7 q r-- S 1. ' i ~% ~• ~~% 5 ~_ ~ ~i MAP A STUDY AREA LIONSHEAD Rf:DEVELOPl:7ENT _ .. A S T_.. - Y L-_~q_ DESIGNWGR KSHUY SOUTH FRONTAGE ROAD CONNECTION TO CASCADE VILLAGE AND WEST VAIL RESOLUTION NO. 15 Series of 2005 A RESOLUTION AMENDING CERTAIN SECTIONS OF THE LIONSHEAD REDEVELOPMENT MASTER PLAN EXPANDING THE BOUNDARIES OF THE MASTER PLAN TO INCLUDE THE EVERGREEN LODGE DEVELOPMENT SITE AND ADDING DETAILED PLAN RECOMMENDATIONS FOR FUTURE DEVELOPMENT ON THE EVERGREEN LODGE DEVELOPMENT SITE, AS PRESCRIBED IN CHAPTER 5 OF THE LIONSHEAD REDEVELOPMENT. MASTER PLAN, AND SETTING FORTH DETAILS IN REGARD THERETO. WHEREAS, on December 15, 1998, the Vail Town Council (the "Town Council") adopted the Lionshead Redevelopment Master Plan (the "Master Plan"); and WHEREAS, the Master Plan was initiated by the Town of Vail to encourage redevelopment and new development initiatives within the Lionshead Study Area; and WHEREAS, Section 2.8 of Master Plan outlines a procedure for amending the Master Plan; and WHEREAS, pursuant to Section 2.8 of the Master Plan, the Town of Vail Community Development Department has proposed an amendment to the Master Plan; and WHEREAS, the Town of Vail Planning & Environmental Commission has held a public hearing on the proposed amendment on August 22, 2005, and has forwarded a recommendation of approval with modifications of the amendment to the Town Council; and WHEREAS, the purpose of this amendment is .to amend the boundaries of the Master Plan to include the Evergreen Lodge development site and to add detailed plan recommendations for future development on the Evergreen Lodge development site, as prescribed in Chapter 5, Detailed Plan Recommendations, Lionshead Redevelopment Master Plan; and WHEREAS, the Town Council finds that the proposed amendment improves and enhances the effectiveness of the Master Plan without negatively affecting the goals, objectives, and policies prescribed by the Master Plan. NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO: 1. The Town Council of the Town of Vail hereby amends the Lionshead Redevelopment Master Plan as follows: The amendments to the text of the Lionshead Redevelopment Master Plan are indicated in BOLD ITALICS (additions) and ~ALFS~ (deletions). (in part) CHAPTER 5 Detailed Plan Recommendations 5.99 Evergreen Lodge at Vail The Evergreen Lodge is located directly east of the Middle Creek Stream Tract and is bordered to the north by the' South Frontage Road, to the south by the Vail Valley Medical Center, and to the east by the WestStar Bank office building. The lot area is 114,337 square feet or 2.625 acres. Physical improvements that currently exist on the site are a nine story stucco hoteUcondominium structure with an adjoining two-story hotel facilities wing, two below-grade structured parking garages, and paved surface parking. The nine story structure has a predominant east-west orientation along the southerly edge of the site while the facilities wing has anorth-south .orientation along the western edge of the site. The eastern parking garage is utilized by the Vail Valley Medical Center for employee parking ~ and is accessed from the South Frontage Road through a shared entry/exit with the WestStar Bank office building. Opportunities for future improvements and upgrades include: • Creation of more underground parking; ~ Architectural enhancements consistent with the Lionshead Architectural Design. Guidelines; • Improved exterior lighting; • Coordinated vehicular access; • Improved pedestrian circulation; and • Upgraded and expanded hotel accommodations and amenities 5.19.1 Pedestrian Access Pedestrian access should be upgraded to provide a safe and attractive pedestrian connection from the Evergreen Lodge to West Meadow Drive and along. the South Frontage Road. A gravel path connecting the South Frontage Road to the paved pedestrian path located on the east side of the 2 Dobson Ice Arena presently exists along the south side of the property. This path, while functional, receives little, if any, regular maintenance and includes a railroad tie set of stairs that is unsafe and in disrepair. There are currently no pedestrian improvements located along the South Frontage Road. Though no improvements exist, a fair number of pedestrians use the southerly edge of the South Frontage Road when entering or exiting the site. In order to improve pedestrian access and safety, it is recommended that future redevelopment of the site includes the construction of a continuous pedestrian/bicycle path along the South Frontage Road and that the existing gravel path along the southerly edge of the site be improved and regularly maintained. 5.19.2 South Frontage Road Improvements and Vehicular Access The site is currently accessed by vehicles off of the South Frontage Road from two, two-way access points. Given the proximity of the eastern most access point to those of the Vail Valley Medical Center and the WestStar Bank office building, less than desirable vehicular traffic patterns and turning movements exist in the vicinity. In keeping with Policy Objective 2.3.4, Improved Access and Circulation, of the Plan, opportunities for public transportation and vehicular circulation improvements should be explored in conjunction with any future redevelopment of the site. Possible opportunities for improvements may include, an improved mass transit stop, relocated points of entry/exiting, acceleration/ deceleration lanes, greater sight distances, dedicated turning lanes and landscaped medians. 5.19.3 Preservation of Existing Accommodation Units The Evergreen Lodge presently contains 128 short term accommodation units. In addition, The Evergreen Lodge also contains a restaurant, lounge, spa, and meeting space facilities incidental to the operation of the Lodge. Given the importance and need for short term accommodations to the vitality and success of the community, any future redevelopment of the site shall ensure the preservation of short term accommodation units on the site. The preservation of short term accommodations should focus on maintaining the number of existing hotel beds and the amount of gross residential square footage on the site rather than merely requiring the preservation of 128 accommodation units. With this in mind, the quality of the existing accommodation unit room could be upgraded and the rooms .could be reconfigured to create multi-room suites. In no instead, however, should the amount of gross residential floor area devoted to accommodation units be reduced. 3 5.19.5 Impacts on Middle Creek Stream Tract The Middle Creek Stream Tract lies to the west of the Evergreen Lodge. The Tract is owned by the Town of Vail. The tract is heavily vegetated with several substantial deciduous trees and a significant lower layer of underbrush. Although the site borders the Middle Creek Stream Tract, there is no significant amount of quality vegetation on the site, and the parcel lies out of the 100-year flood plain. As currently configured, opportunities exist to better recognize the benefits of creekside development. While the natural riparian corridor of Middle Creek needs to remain protected and preserved, the physical and visual relationships and references between adjacent development and the stream tract should be strengthened. An opportunity exists to create a significant connection between the Evergreen Lodge and Middle Creek. Any, use of Middle Creek for aesthetic or recreational purposes, however, should be subordinate to the preservation of the natural riparian corridor and its inherent character. 5.19.6 Relationship to the Vail Valley Medical Center and the proposed Vail Civic Center Perhaps the most critical functional relationship is the need to coordinate any future development on the Evergreen Lodge site with the Vail Valley Medical Center. For example, every effort should be taken to ensure that future development on the Evergreen Lodge site does not preclude the Vail Valley Medical Center from reconfiguring the design of the medical center to eliminate vehicular access off of West Meadow Drive and relocate the access to the South Frontage Road. Additional opportunities may include, shared service and delivery facilities, grading and site improvements, shared parking, and pedestrian pathway connections. 5.19.7 Service and Delivery Service and delivery functions for the hotel are accommodated on grade from the westerly entrance. Service and delivery for the Evergreen Lodge should occur underground or be hidden from public view. Service and delivery truck turning maneuvering should not negatively impact traffic flow on the South Frontage Road. With a realignment. of the vehicular access points, attention should be given to the location of service and parking areas. An additional level of structured parking at the current Frontage Road level would help to minimize the apparent height of the existing or future structures, decrease the grade at existing access points, increase the amount of landscaping on the surface of the structure, and hide service functions below grade. 4 t INTRODUCED, READ, APPROVED AND ADOPTED this 6~' day of September, 2005. Rodney Slifer, Mayor, Town of Vail ATTEST: Lorelei Donaldson, Town Clerk 5 MEMORANDUM TO: Planning and Environmental Commission FROM: Community Development Department DATE: August 22, 2005 SUBJECT: A request. fora recommendation to the Vail Town Council of an amendment to the Lionshead Redevelopment Master Plan, pursuant to Chapter 2, Section 2.8, Lionshead Redevelopment Master Plan, to amend the boundaries of the study area to include Evergreen Lodge, located at 250 South Frontage Road West, Lot.2, Block 1, Vail Lionshead Filing 2, and setting forth details in regard thereto. (PEC05-0048) Applicant: Evergreen Lodge at Vail, represented by HB Development Company Planner: George Ruther I. DESCRIPTION OF THE REQUEST The applicant, Evergreen Lodge at Vail, represented by HB Development Company, is requesting a public hearing with the Town of Vail Planning & Environmental Commission to present an amendment to the Lionshead Redevelopment Master Plan. The proposed amendment amends the boundaries of the study area of the ,Plan to include the Evergreen Lodge, located at 250 South Frontage Road, and Chapter 5, Detailed Plan Recommendations, of the Plan to include detailed recommendations for the Evergreen Lodge site. The purpose of the amendment is to include the Evergreen Lodge site into the study area prescribed by the Lionshead Redevelopment Master Plan and to adopt detail plan recommendations for the site. The purpose of the amendment, however, is NOT to amend or otherwise alter the overall goals, objectives and policies stated in the Master Plan. A copy of the amended Study Area (Map A) has been attached for reference. This amendment is being proposed and shall be considered in accordance with Section 2.8, Adoption and Amendment of the Master Plan, Lionshead Redevelopment Master Plan. II. BACKGROUND On June 4, 1996, the Vail Town Council approved a request from Vail Associates to enter into a joint study and evaluation of the feasibility of a public/private partnership for the redevelopment of Lionshead, and thus initiated the creation of the Lionshead Redevelopment Master Plan. One of the first steps in the creation of the Master Plan was to evaluate and identify the boundaries of the area to be influenced by the Plan. The boundaries of the Plan were later identified to be Middle Creek on the east, the north side of the South Frontage Road right of way on the north, Red Sandstone Creek on the west and the northerly edge of Forest Road on the south, with the exception of the residential development on Beaver Dam Circle and West Forest Road. On December 15, 1998, the Vail Town Council adopted the Lionshead Redevelopment Master Plan. A primary goal of the Master Plan was to establish a new zone district which would further the goals, policies and objectives outlined in the Master Plan. On February 7, 2002, Evergreen Lodge at Vail, LTD, submitted an application to the Town of Vail Community Development Department proposing an amendment to boundaries of the Lionshead Redevelopment Master Plan Study Area to include the Evergreen Lodge and the Vail Valley Medical Center sites. Due to the .inability to reach consensus regarding development options and opportunities between the two property owners, the application was later withdrawn by the applicant. The Evergreen Lodge is currently zoned Special Development District No. 14 with an underlying zoning of High Density Multiple-Family. The Special Development District was created in 1986, by Ordinance No. 5, Series of 1986. In 1989, Ordinance No. 7, Series of 1989, was approved which allowed for amendments to Special Development District No. 14. In 1990, the Town Council approved Ordinance No..1, Series of 1990, to allow for amendments to the development plan. Only portions of the Special Development District approvals have been constructed. The hotel currently includes 128 accommodation units, 19 dwelling units, a restaurant, lounge, spa, and meeting. room/conference facility space. On June 27, 2005, the Planning and Environmental Commission held a public hearing to discuss a text and map boundary amendment to the Lionshead Redevelopment Master Plan. The purpose of the amendment is to include the Evergreen Lodge in the Lionshead Study Area. Upon discussion of the amendment, the Commission voted unanimously to table the final hearing on the proposed text amendment to a future meeting date. The purpose of the tabling was to allow staff and the applicant an opportunity to address the various questions of the Commission prior to the Commission taking action on the request. The Commission specifically requested that any amendments to Chapter 5, Detailed Plan Recommendations, should make reference to the following: • Vehicular and pedestrian access • Maintenance of the existing accommodation units on the site • Impacts on Middle Creek • South Frontage Road improvements • Physical relationship to the Vail Valley Medical Center • Relationship to the proposed Vail Conference Center • Need for architectural improvements • Loading and delivery improvements • Pedestrian connection to West Meadow Drive 2 PROPOSED MASTER PLAN AMENDMENT The applicant is proposing to amend both the Lionshead Redevelopment Master Plan maps (Maps A-W), and Chapter 5, Detailed Plan Recommendations of the Plan, to include detail recommendations for development on the Evergreen Lodge site. A copy of the text amendment is attached for reference (attachment B). F Amendments to the Lionshead Redevelopment Master Plan require a public hearing review process as outlined in Sectiori 12-3-6 of the Town Code. If approved, amendments are adopted by resolution by the Vail Town Council. According to the Lionshead Redevelopment Master Plan, amendments to the Master Plan must address the following review criteria: How have conditions changed since the plan was adopted? The Lionshead Redevelopment Master Plan was adopted in December of 1998. The study area, as currently defined in the Master Plan is generally defined by the following features: • On the. north by I-70 • On the east by Middle Creek (west of the Vail Valley Medical Center) • On the south by the Town of Vail boundary (south of Forest Road, not including single-family lots) • On the west by Red Sandstone Creek (east of the Glen Lyon Office Building.) The lack of an adequate pedestrian connection between Lionshead and the Vail Village was identified early in the master planning process. The primary solution to this connection issue was for the Town to focus on the Town of Vail Streetscape Master Plan's recommendations for West Meadow Drive. While recognizing that the implementation of the streetscape along West Meadow Drive is of extreme importance, redevelopment of the Evergreen Lodge and the Vail Valley Medical Center were not necessarily considered at the time. The Evergreen Lodge is adjacent to the Vail International and Dobson Arena, both included in the study area. The Evergreen Lodge is not included within the study area of the Vail Village Master Plan, and is therefore subject only to the Design Guidelines as outlined in Title 14 of the Town Code. The existing Evergreen Lodge is an extremely visible, prominent building in the Town's overall landscape. Staff believes that with the proposed redevelopment of the Evergreen Lodge, it is imperative that the site be included in the Lionshead Redevelopment Master Plan, and as such, become subject to the site and architectural design guidelines outlined in Chapters 6, 7, and 8 of the Lionshead Redevelopment Master Plan. How is the plan in error? The Lionshead Redevelopment Master Plan may be in error in this situation. The error results from omitting the Evergreen Lodge site from the study area. The site adjoins the east side of the eastern boundary of the Lionshead Redevelopment Master Plan study area, and the site is an important connecting piece between Vail Village and Lionshead. According to the Vail Land Use Plan, both Vail Village and Lionshead are intended to be the primary locations for hotels and commercial uses for the mountain. .Staff believes that since the Evergreen Lodge site is not currently located within one of these two important master- planned areas, the Plan is in error. - How would an addition, deletion, or change to the plan be in concert with the plan in general? The Vail Land Use Plan designates this property as "Resort Accommodations and Service" which is consistent with the designation for Lionshead (portions also designated as Tourist Commercial). The Vail Land Use Plan defines "Resort Accommodation and Service" as: "This area includes activities aimed at accommodating the overnight and short-term visitor to the area. Primary uses include hotels, lodges, service stations, and parking structures (with densities up to 25 dwelling units or 50 accommodation units per buildable acre). These ;areas are oriented toward vehicular access from I-70, with other support commercial and business services included. Also allowed in this category, would be institutional uses and various municipal uses." As this designation is consistent with the Vail Land Use Plan designations for much of Lionshead, staff believes that the addition of the Evergreen Lodge site within the Lionshead Redevelopment Plan is compatible with the Vail Land Use Plan. The Lionshead Redevelopment Master Plan has identified the following policy objectives which staff believes are applicable to this application: 2.3.1 Renewal and Redevelopment Lionshead can and should be renewed and redeveloped to become a warmer, more vibrant environment for guests and residents. Lionshead needs an appealing and coherent identity, a sense of place, a personality, a purpose, and an improved aesthetic character. 2.3.3 Stronger Economic Base Through Increased Live Beds In order to enhance the vitality and viability of Vail, renewal and redevelopment in Lionshead must promote improved occupancy rates and the creation of additional bed base ("live beds" or "warm beds' through new lodging products. 2.3.4 Improved Access and Circulation The flow of pedestrian, vehicular, bicycle and mass transit traffic must be improved within and through Lionshead. 4 2.3.5 Improved Infrastructure The infrastructure of Lionshead (streets, walkways, transportation systems, parking, utilities, loading and delivery systems, snow removal and storage capacity) and its public and private services must be upgraded to support redevelopment and revitalization efforts and to meet the service expectations of our guests and residents. Staff believes that amending the boundaries of the Lionshead Redevelopment Master Plan study area to include the Evergreen Lodge site into the Lionshead Redevelopment Master Plan is in concert with the policy objectives of the .Plan. IV. STAFF RECOMMENDATION The Community Development Department recommends that the Town of Vail Planning & Environmental Commission forwards a recommendation of approval to the Vail Town Council of the request to amend the Lionshead Redevelopment Master Plan, pursuant to Chapter 2, Section 2.8, Lionshead Redevelopment Master Plan, amending the boundaries of the study area to include the Evergreen Lodge, located at 250 South Frontage Road West, Lot 2, Block 1, Vail Lionshead Filing 2, and setting forth details in regard thereto. Should the Commission choose to forward a recommendation of approval to the Vail Town Council, the Community Development Department recommends that the Commission makes the following finding, "The Commission finds that the proposed text and map amendments to the Lionshead Redevelopment Master Plan comply with the review criteria outlined in Section 111 of fhe memorandum to the Planning and Environmental Commission, dated August 22, 2005, and that the amendments, as proposed, further the goals, objectives and policies, as stated in Chapter 2 of the Lionshead Redevelopment Master Plan." ~~ L~ cs~ L? ~Q o~~ ~^ '--- -- J~ ~l )i ,. I ~{ PNYtWO STflUGiWii ,//:. j / - ------ ---------r-. ~ ~I-~o R.o.w. CASCADE LIFT MAP A STUDY AREA LIONSHEAD Rf:DEVELOPAdENT - ---- -- M -A-S-~C-.. ._ R Y L.-h_. DESIDNW URRSHUP SOUTH FRONTAGE ROAD CONNECTION TO CASCADE VILLAGE AND WEST VAIL ATTACHMENT B Chapter 5 Detailed Plan Recommendations (in part) This section of the Lionshead Master plan examines individual parcels and groups of parcels within the Lionshead study area, excluding the residential properties on the south side of Gore Creek. The intent of this chapter -and the Master plan as a' whole - is to identify important functional relationships and visual objectives within the district and to propose a framework for the long-term redevelopment of Lionshead. The document does not intend to limit or eliminate ideas relating to specific parcels; any proposals consistent with this framework should be considered even if they are not anticipated iri this document. The parcels addressed here are organized generally from east to west, starting with the civic hub on the eastern end of the parking structure. 5.19 Evergreen Lodge at Vail The Evergreen Lodge is located directly east of the Middle Creek Stream Tract and is bordered to the north by the South Frontage Road, to the south by the Vail Valley Medical Center, and to the east by'the WestStar Bank office building. The lot area is 114,337 square feet or 2.625 acres. Physical improvements that currently exist on the site are a nine story stucco hoteUcondominium structure with an adjoining two-story hotel facilities wing, two below-grade structured parking garages; and paved surface parking. The nine story structure has a predominant east-west orientation along the southerly edge of the site while the facilities wing has anorth-south orientation along the western edge of the site. The eastern parking garage is utilized by the Vail Valley Medical Center for employee parking and is accessed from the South Frontage Road through a shared entry/exit with the WestStar Bank office building. Opportunities for future improvements and upgrades include: • Creation of more underground parking; • Architectural enhancements consistent with the Lionshead Architectural Design Guidelines; • Improved exterior lighting; • Coordinated vehicular access; • Improved pedestrian circulation; and • Upgraded and expanded hotel accommodations and amenities 5.19.1 Pedestrian Access Pedestrian access should be upgraded to provide a safe and attractive pedestrian connection from the Evergreen Lodge to West Meadow Drive and along the South Frontage Road. A gravel path connecting the South Frontage Road to the paved pedestrian path located on the east side of the Dobson Ice Arena presently 6 exists along the south side of the propertys This path, while functional, receives little, if any, regular maintenance and includes a railroad tie set of stairs that is unsafe and in disrepair. There are currently no pedestrian improvements located along the South Frontage Road. Though no improvements exist, a fair number of pedestrians use the southerly edge of the South Frontage Road when entering or exiting the site. In order to improve pedestrian access and safety, it is recommended that future redevelopment of the site includes the construction of a continuous pedestrian bicycle path along the South Frontage Road and that the existing gravel path along .the southerly edge of the site be improved and regularly maintained. 5.19.2 South Frontage Road Improvements and Vehicular Access The site is currently accessed by vehicles off of the South Frontage Road from two, two-way access points. Given the proximity of the eastern most access point to those of the Vail Valley Medical Center and the WestStar Bank office building, less than desirable vehicular traffic patterns and turning movements exist in the vicinity. In keeping with Policy Objective 2:3.4, Improved Access and Circulation, of the Plan, opportunities for public transportatiori and vehicular circulation improvements should be explored in conjunction with any future redevelopment of the site. Possible opportunities for improvements may include, an improved mass transit stop, relocated points of entry/exiting, acceleration/ deceleration lanes, greater sight distances, dedicated turning lanes and landscaped medians. 5.19.3 Preservation of Existing Accommodation Units The Evergreen Lodge presently contains 128 short term accommodation units. In addition, The Evergreen Lodge also contains . a restaurant, lounge, spa, and meeting space facilities. incidental to the operation of the Lodge. Given the importance and need for short term accommodations to the vitality and success of the community, any future redevelopment of the site shall ensure the preservation of at least 128 short term accommodation units on the site. 5.19.5 Impacts on Middle Creek Stream Tract The Middle Creek Stream Tract lies to the west of the Evergreen Lodge. The Tract is owned by the Town of Vail. The tract is heavily vegetated with several substantial deciduous trees and a significant lower layer of underbrush. Although the site borders the Middle Creek Stream Tract, there is no significant amount of quality vegetation on the site, and the parcel lies out of the 100-year flood plain. As currently configured, opportunities exist to better recognize the benefits of creekside development. While the natural riparian corridor of Middle Creek needs to remain protected and preserved, the physical and visual relationships and 7 references between adjacent development and the stream tract should be strengthened. An opportunity exists to create a significant connection between the Evergreen Lodge and Middle Creek. Any use of Middle Creek for aesthetic or recreational purposes, however, should be subordinate to the preservation of the natural riparian corridor and its inherent character. 5.19.6 Relationship to the Vail Valley Medical Center and the proposed Vail Civic Center Perhaps the most critical functional relationship is the need to coordinate any future development on the Evergreen Lodge site with the Vail Valley Medical Center. For example,. every effort should be taken to ensure that future development on the Evergreen Lodge site does not preclude the Vail Valley Medical Center from reconfiguring the design of the medical center to eliminate vehicular access off of West Meadow Drive and relocate the access to the South Frontage Road. Additional opportunities may include, shared service and delivery facilities, grading and site improvements, shared parking, and pedestrian pathway connections. 5.19.7 Service and Delivery Service and delivery functions for the hotel are accommodated on grade from the westerly entrance. Service and delivery for the Evergreen Lodge should occur underground or be hidden from public view. Service and delivery truck turning maneuvering should not negatively impact traffic flow on the South Frontage Road. With a realignment of the vehicular access points, attention should be given to the location of service and parking areas. An additional level of structured parking at the current Frontage Road level would help to minimize the apparent height of the existing or future structures, decrease the grade at existing access points, increase the amount of landscaping on the surface of the structure, and hide service functions below grade. 8 MEMORANDUM TO: Town Council FROM: .Timber Ridge Affordable Housing Corporation DATE: September 6, 2005 SUBJECT: Monthly Reporting Requirements Attached please find the June, 2005 Timber Ridge Village Income Statement, Variance Report, Balance Sheet, and Projected Cash Flow report as well as the weekly management reports. This is provided to Town Council per the reporting requirements agreement. This information is updated and provided to Town Council on a monthly basis. Timber Ridge Village Weekly Report June 3, 2005 Overview Occupancy and released overview: Total # of Units 200 Total # Occupied 108 Total # Vacant 92 Total # Vacant Preleased/Applications (incl. transfers) 0 Total # of Notice to Vacates (incl. transfers) 0 Total # of Leases Expiring this Month 0 Total # of Expirations that gave Notice 0 . Total # of Wait List Applications 0 Total # of units available to lease 90 Leasing Report Summary Current occupancy is 95% of 114 units. There are 108 units occupied out of 114 units that have been made available to be leased. The occupancy rate for the units occupied compared to the units that are available for rent is 96% Occupancy based on the entire 200 units is 55%. Marketing Issues (concessions, trafjic trends, new marketing tools) Timber Ridge Village is now advertising in the Vail Daily. COMPANIES CONTACTED FOR POSSIBLE MASTER LEASES: Evergreen Lodge Bill 476-7810 Lionshead Inn Kelly 476-2050 Prouerty Mana~emerit ISSUeS (incidents, major problems) We removed cabinets from 6 unremediated units. ' We removed carpet from 19 unremediated units. Continuing the repairs to the vandalized apartments and storage closets Collection Issues Total Outstanding = $9731.85 1. $1500.00 is employee rent that has not been credited 2. $8231.85 In unpaid rent Timber Ridge Village Weekly Report June 10, 2005 Overview Occupancy and released overview: Total # of Units 200 Total # Occupied 108 Total # Vacant 92 Total # Vacant Preleased/Applications (incl. transfers) 0 Total # of Notice to Vacates (incl. transfers) 0 Total # of Leases Expiring this Month 0 Total # of Expirations that gave Notice 0 Total # of Wait List Applications 0 Total # of units available to lease 90 Leasing Report Summary Current occupancy is 95% of 114 units. There are 108 units occupied out of 114 units that have been made available to be leased. The occupancy rate for the units occupied compared to the units that are available for rent is 96% Occupancy based on the entire 200 units is 55%. Marketing Issues (concessions, traffic trends, new marketing tools) Timber Ridge Village is now advertising in the Vail Daily. COMPANIES CONTACTED FOR POSSIBLE MASTER LEASES: Beck Building Co. John 949-1800 Lionshead Inn Kelly 476-2050 PrOAerty Mariagemerit Issues (incidents, major problems) we removed cabinets from 4 unremediated units. r Co-Cat did not properly connect the water line to the dishwasher in L-12. The leak flooded L-6. Co-Cat has repaired the damage that they caused. The sewer line in front of D; has another leak. I have called for estimates. Collection Issues Total Outstanding = $3,356.85 1. $1500.00 is employee rent that has not been credited 2. $1,856.85 In unpaid rent Timber Ridge Village Weekly Report June 17, 2005 ' Overview . Occupancy and released overview: Total # of Units 200 Total # Occupied 108 Total # Vacant 92 Total # Vacant Preleased/Applications (incl. transfers) 0 Total # of Notice to Vacates (incl. transfers) 0 Total # of Leases Expiring this Month 1 Total # of Expirations that gave Notice I Total # of Wait List Applications 0 Total # of units available to lease 90 Leasing Report Summary , Current occupancy is 95% of 114 units. There are 108 units occupied out of 114 units that have been made available to be leased. The occupancy rate for the units occupied compared to the units that are available for rent is 96% Occupancy based on the entire 200 units is 55%. Marketing Issues (concessions, traffic trends, new marketing tools) Timber Ridge Village is now advertising in the Vail Daily. COMPANIES CONTACTED FOR POSSIBLE MASTER LEASES: Beck Building Co. John 949-1800 Lionshead Inn Kelly 476-2050 Property Management Issues (lncldenrs, major problems) We had the main water line to'the B building fumed off for repairs to the supply line in B6. The fire restoration in L-12 is complete. The sewer line in front of D; has another leak. I have called for estimates. Sibley = $10,000 CR Tucker = $7,500. Collection Issues 'T'otal Outstanding = $2,406.85 1. $1500.00 is employee rent that has not been credited 2. $906.85 In unpaid rent Timber Ridge Village Weekly Report June 24, 2005 Overview: Occupancy and released overview: Total # of Units 200 Total # Occupied 108 Total # Vacant 92 Total # Vacant Preleased/Applications (incl. transfers) 0 Total # of Notice to Vacates (incl. transfers) 0 Total # of Leases Expiring this Month 1 Total # of Expirations that gave Notice 1 Total # of Wait List Applications 0 Total # of units available to lease 90 Leasing Report Summary Current occupancy is 95% of 114 units. There are 108 units occupied out of 114 units that have been made available to be leased. The occupancy rate for the units occupied compared to the units that are available for rent is 96% Occupancy based on the entire 200 units is 55%. . Marketing Issues (concessions, traffic trends, new marketing tools) Timber Ridge Village is now advertising in the Vail Daily. COMPANIES CONTACTED FOR POSSIBLE MASTER LEASES: Eagle Custom Builders Ted 926-0539 Foley Johnson Bobby 524-0546 Property Mariagemerit Issues (incidents, major problems) Started to do the re-key project to the additional 44 apartments, and do minor repairs to buildings. The 5 boys responsible for the vandalism were caught and an•ested. Court hearing soon to come. The sewer line in front of D; has another leak. I have called for estimates. Sibley = $10,000 CR Tucker = $7,500. Awaiting approval from Nina Timm, She has been contacted Via E-mail this week. Collection Issues Total Outstanding = $2,406.85 1. $1500.00 is employee rent that has not been credited 2. $906.85 In unpaid rent TIMBER RIDGE AFFORDABLE HOUSING CORP. MONTHLY' OPERATING STATEMENTS June 30, 2005 Prepared by: Corum Real Estate Group, Inc. INDEX I ................... Income Statement and Variance Report II ...................Balance Sheet III .................1Vlonth-to-Date General hedger IV ..................Aged Delinquencies V .................. Bank Reconciliations TIMBER RIDGE VILLAGE Income Statement For the Month Ending June 30 2005 Bans: a,ccn,ai ACCT MONTHLY MONTHLY BUDGET MONTHLY VARIANCE YTD ACTUAL YTD BUDGET YTD VARIANCE ANNUAL BUDGET # DESCRIPTION ACTUAL 1 page OPERATING INCOME 4001 Gross Potential Rent 127,850.00 129,909 (2,059) 756,958.79 779,454 (22,495) 1,558,908 4005 Vacancies (12,062.50) (3,450) (8,613) (29,025.00) (10,350) (18,675) (18,400) MONTHLY RENT 115,787.50 126,459 (10,672) 727,933.79 769,104 (41,170) 1,540,508 4070 Laundry Income 728.00 1,480 (752) 11 578 14,966.99 11 310 13 8,880 648 6,087 662 12 17,760 1,296 4085 Miscellaneous Income 11,685.61 00 ~ 108 75 , (75) . , 25.00 450 , (425) 900 4090 Late Fees/NSF Check Fees 0. 0 0 00) 475 (6 0 (6,475) 0 4120 Rent Concessions 0.00 00 0 (575) 575 . , 0.00 (3,450) 3,450 (6,900) 4125 Employee Apartments/Garage . 0 00 275 (275) 0.00 550 (550) 1,100 4140 6117 Relet Fees Bad Debt Expense . (6,366.57) 0 (6,367) (6,366.57) 0 (6,367) 0 TOTAL INCOME 121,834.54 127,822 (5,987) 743,394.32 776,182 (32,788) 1,554,664 TIMBER RIDGE VILLAGE Income Statement Basis: accrual For the Month Ending June 30 2005 ACCT MONTHLY MONTHLY MONTHLY °YTD YTD YTD ANNUAL # DESCRIPTION ACTUAL BUDGET VARIANCE ACTUAL BUDGET VARIANCE BUDGET page 2 OPERATING EXPENSES ADMINISTRATIVE 5110 Advertising/Promotion 5120 Auto Expense 5121 Meals 5122 Lodging 5125 Marketing Expense 5130 Credit Checks 5135 Management Fee 5140 Office Expense 5145 Printing/Copying 5150 Postage 5165 Phone/Fax 5170 Dues/Subscriptions 5175 Banking Fees 480.69 150 (331) 1,579.31 900 (679) 1,800 234.30 285 51 1,90139 1,710 (191) 3,420 46.49 0 (46) 423.66 0 (424) 0 0.00 0 0 21.53 0 (22) 0 0.00 100 100 688.55 600 (89) 1,200 84.75 70 (15) (55.25) 140 195 350 5,795.55 6,391 595 35,206.46 38,809 3,603 77,734 269.36 350 81. 1,785.14 2,100 315 4,200 232.93 250 17 1,043.37 1,500 457 3,000 257.28 125 (132) 560.74 750 189 1,500 679.54 495 (185) 3,146.93 2,970. (177) 5,940 782.08 0 (782) 1,811.04 900 (911) 1,150 72.50 30 (43) 164.10, . 180 16 360 TOTAL ADMINISTRATIVE 8,935.47 8,246 (689) 48,276.97 50,559 2,282 100,654 PAYROLL 5220 Wages Administrative 6,238.51 6,250 11 39,968.98 39,495 (474) . 76,995 5230 Wages Maintenance ~ 7,544.50 7,953 409 49,765.57 59,107 9,341 106,823 5250 Wages Landscaping 482.37 2,450 1,968 1,046.34. 3,675- 2,629 7,350 TOTAL PAYROLL 14,265.38 16,653 2,388 90,780.89 102,277 11,496 191,168 TIMBER RIDGE VILLAGE Income Statement Basis: Accrual For the Month Ending June 30 2005 ACCT MONTHLY MONTHLY MONTHLY YTD YTD YTD ANNUAL # DESCRIPTION ACTUAL BUDGET VARIANCE ACTUAL BUDGET VARIANCE BUDGET page 3 REPAIR & MAINTENANCE ITVAC/PLUMB:[NG 5315 HVAC -Repairs 0.00 500 500 0.00 3,000 3,000 6,000 5320 HVAC -Supplies 0.00 100 100 0.00 600 600 1,200 5345 Plumbing Repairs 0.00 525 525 999.33 3,150 2,151 6,300 5350 Plumbing Supplies 107.77 300 192 620.49 1,800 1,180 3,600 TOTAL HVAC/PLUMBING 107.77 1,425 1,317 1,619.82 8,550. 6,930 17,100 GROUNDS 5620 Trash Removal 922.69 660 (263) 6,630.25 3,960 (2,670) 7,920 5625 Snow Removal 0.00 0 0 10,481.57 6,475 (4,007) 9,250 5645 Pest Control 125.96 0 (126) 211.46 0 (211) 0 5655 Grounds Equipment 66.12 175 109 66.12 525 459 1,250 TOTAL GROUNDS 1,114.77 835 (280) 17,389.40 10,960 (6,429) 18,420 GENERAL REPAIR/MAINTENANCE 5325 Electrical -Repairs 0.00 50 50 0.00 300 300 600 5330 Electrical -Supplies 0.00 50 50 92.50 300 208 600 5365 Maintenance/Repair Supply 0.00 200 200 104.66 1,200 1,095 2,400 5367 Door/Window Repair/Maintenance 0.00 100 100 107.83 600 492 1,200 5370 Miscellaneous Repairs and Maintenan 148.63 75 (74) 2,109.95 450 (1,660) 900 5380 Painting Supplies 66.30 ~ 125 59 319.92 750 430 1,500 5385 Appliance Maintenance 0.00 0 0 68.84 0 400 (69) 49 0 800 5395 Uniforms 334.52 2 58 8 0 0 (335) (259) 351.37 410.93 450 39 900 5720 5760 Locks Other Fire & Life Safety 5 . 184.58 1,150 965 779.74 1,290 510 1,570 TOTAL GENERAL REPAIR/MAIN' 992.61 1,750 757 4,345.74 5,740 1,394 10,470 Basis: Accrual ACCT # DES( UTILITIES 5410 Electricity -Common Area 5450 Water/Sewer TIMBER RIDGE VILLAGE Income Statement For the Month Ending June 30 2005 MONTHLY MONTHLY MONTHLY YTD YTD YTD ANNUAL ACTUAL BUDGET VARIANCE' ACTUAL BUDGET VARIANCE BUDGET page 4 3,006.33 5,292 2,286 18,716.89 44,136 25,419 85,026 4,897.97 5,468 570 34,609.92 30,808 (3,802) 62,116 TOTAL UTILITIES 7,904.30 10,760 2,856 53,326.81 74,944 21,617 147,142 JANITORIAL 5510 Janitorial -Labor/Contract 5520 Janitorial - Supplies 5530 Carpet/Drape Cleaning (50.00) 0 0.00 125 0.00 350 50 (675.00) 0 675 0 125 106.01 750 644 1,500 350 688.30 700 12 2,100 TOTAL JANITORIAL ~ (50.00) 475 528 119.31 1,450 1,331 3,600 OTHER EXPENSES 5830 Property Insurance TOTAL OTHER EXPENSES 5,380.30 5,295 (85) 32,281.80 31,770 (812) 63,540 5,380.30 5,295 (85) 32,281.80 31,770 (812) 63,540 TOTAL EXPENSES 38,650.60 45,439 6,788 248,140.74 286,250 38,109 552,094 NET OPERATING INCOME 83,183.94 82,383 801 495,253.58 489,932 5,322 1,002,570 OWNER EXPENSES 6110 Accounting/Audit 6151 Remediation 800.00 0 (800) 5,800.00 5,900 100 5,900 54,476.65 0 (54,477) 34,355.69 0 (34,356) 0 TOTAL OWNER EXPENSES 55,276.65 0 (55,277] 40,155.69 5,900 (34,256) 5,900 TIMBER RIDGE VILLAGE Income Statement Basis: Accrual For the Month Ending June 30 2005 ACCT MONTHLY MONTHLY MONTHLY YTD YTD YTD ANNUAL # DESCRIPTION ACTUAL BUDGET VARIANCE ACTUAL BUDGET VARIANCE BUDGET page 5 INTEREST & MISCELLANEOUS INCOME 8105 Interest Income -Miscellaneous 501.91 ~ 360 142 2,602.34 2,160 442 4,320 TOTAL INT &MISC INCOME 501.91 360 142 2,602.34 2,160 442 4,320 CASH FLOW AVAILABLE FOR Dl! 28,409.20 82,743 (54,334) 457,700.23 486,192 (28,492) 1,000,990 INTEREST EXPENSE 6165 Letter of Credit Fees 0.00 0 0 120,713.37 122,046 1,333 244,092 6170 Financing Fees 5,945.31 0 (5,945) 21,785.62 11,890 (9,896) 23,780 6202 MISC Interest Expense 1,250.00 1,250 0 7,500.00 7,500 0 15,000 6205 Interest Expense - Series A 52,003.39 31,708 (20,295) 278,802.27 190,248 (88,554) 380,496 6210 Interest Expense - Series B 7,578.62 7,578 (1) 45,468.62 45,468 (1). 90,259 TOTAL INTEREST EXPENSE 66,777.32 40,536 (26,241) 474,269.88 377,152 (97,118) 753,627 INCOME BEFORE DEPR AND AM' (38,368.12) 42,207 (80,575) (16,569.65) 109,040 (125,610) 247,363 AMORTIZATION AND DEPRECIATION 6470 Amortization 3,586.50 3,587 1 21,519.00 21,522 3 43,044 6480 Depreciation Expense 43,787.17 43,787 0 262,723.02 262,722 (1) 525,444 TOTAL AMORT AND DEPR 47,373.67 47,374 0 284,242.02 284,244 2 568,488 NET INCOME/(LOSS) (85,741.79) (5,167) (80,575) (300,811.67) (175,204) (125,608) (321,125) TIMBER RIDGE VILLAGE Income Statement " Bass: a,o~,ai For the Month Ending June 30 2005 ACCT MONTHLY MONTHLY MONTHLY YTD YTD YTD ANNUAL # DESCRIPTION ACTUAL BUDGET VARIANCE ACTUAL BUDGET VARIANCE BUDGET page 6 CASHFLOW ADJUSTMENTS -CHANGES IN: FIXED ASSETS DEPR. & AMORT. Depr. & Amort. 47,373.67 DEBT SERVICE PYMTS / ESCROWS 1040 Replacement Reserve Fund 0.00 1050 Series B Bond Fund 0.02 1120 Debt Service Reserve Fund (33.72) 1121 Debt Service Reserve - B 986.23 2080 Bonds Payable - B 0.00 RECEIVABLES AND OTHER ASSETS 1300 Accounts Receivable 2,893.31 1310 Prepaid Insurance (188.89) 1325 Allowance for Doubtful Accounts 4,535.76 OTHER LIABILITIES 2010 Accounts Payable 45,640.29 2035 Other Accruals (667.00) 2050 Accrued Interest Payable (36,134.55) 2055 Prepaid Rent (1,125.00) Security Deposits 52.00 DISTRIBUTIONS /CONTRIBUTIONS 47,374 0 284,242.02 284,244 (2) 568,488 0 0 (181.58) 0 (182) 0 0 0 0.00 0 0 0 0 (34) (157.59) 0 (158) 0 0 986 (597.13) 0 (597) 0 p 0 0.00 0 0 (130,000) p 2,893 (3,261.69) 0 (3,262) 0 0 (189) (188.89) 0 (189) 0 0 4,536 4;535.76 0 4,536 0 p 45,640 21,151.01 0 21,151 0 p (667) (4,002.00) 0 (4,002) 0 0 (36,135) 19,514.38 0 19,514 0 0 (1,125) 79,158.56 0 79,159 0 0 52 (310.60) 0 (311) 0 TOTAL CASHFLOW ADJUSTMEN 63,332.12 47,374 15,958 399,902.25 284,244 115,658 438,488 NET CASHFLOW (22,409.67) 42,207 (64,617) 99,090.58 109,040 (9,949) 117,363 TIMBER RIDGE VILLAGE APARTMENTS JULY, 2005 VARIANCE REPORT OPERATING INCOME: Monthly Rent Monthly Rent is under budget $10,672 because of vacancies, due to remediation not being done on all units that were budgeted.. 4085 Miscellaneous Income Miscellaneous Income is over budget $11,685.61 as a result of deposit refunds from Holy Cross and a $7,700 insurance settlement after repairs for the fire in L-12. 6117 Bad Debt Expense Write offs are over budget $6,367 because this was anon- . budgeted item. OPERATING EXPENSES 5250 Wages Landscaping Wages Landscaping is under budget because we are currently understaffed. 5410 Electricity Common Area Electricity common area is under budget $2,286 due to a lower occupancy because of the mold problem. YEAR TO DATE TOTAL EXPENSES ARE FAVORABLE TO BUDGET $38,109 YEAR TO DATE NET OPERATING INCOME IS FAVORABLE TO BUDGET $5,322 Owners Expense Interest Expense 6151 Remediation Remediation is over budget $54,477 because we started remediation an additional 44 units that was not in the original budget. 6205 Interest expense - series A Interest Expense Series - A is over budget $20,295 due to reclassification of financing fees in the budget. Page 1 Database: CORUM_MRI ENTITY: TBR BALANCE SHEET Corum Real Estate Group 71MBER RIDGE VILLAGE Page: 1 Date: 8!3!2005 Time: 04:25 PM I Accrual Jun 2005 ASSETS Current Assets Cash 113,892.48 Restricted Cash-Security Deposits 14,499.42 CASH TRUSTEE ACCOUNTS Replacement Reserve Fund 90,993.85 Series A Bond Fund 0.48 Debt Service Reserve Fund 17,633.23 Debt Service Reserve - 8 223,979.57 Accounts Receivable 2,071.02 ' Prepaid Insurance 5,569.19 Total Current Assets 468,639.24 Investment in Real Estate Land Costs 4,399,500.00 Building 15,578,000.00 Computer & Equipment 30,897.00 Less: Accum Depreciation (1,028,997.55) Total Investment in Real Estate 18,979,399.45 intangibles Bond Gost 825,897.55 Accum Amort Bond Cost (83,587.00) Totallntangibles ~ 742,310.55 TOTAL ASSETS 20,190,349.24 Database: CORUM_MRI BALANCE SHEET Page: 2 ENTITY: TBR Corum Real Estate Group Date: 8/3/2005 TIMBER RIDGE VILLAGE Time: 04:25 PM Accrual Jun 2005 LIABILITIES & SHAREHOLDER'S EQUITY Current Liabilities Accounts Payable 135,891.14 Security Deposit Payable 14,550.00 Other Accruals 4,661.00 Accrued Interest Payable 88,956.39 Total Current Liabilities 244,058.53 Other Current Liabilities Prepaid Rent 102,654.17 Total Other Current Liabilities 102,654.17 Long Term Debt Bonds Payable - A 19,025,000.00 Bonds Payable - B 1,455,000.00 Notes Payable-Townof Vail 1,000,000.00 Total Long Term Debt 21,480,000.00 SHAREHOLDER'S EQUITY Equity (1,335,551.79) Current Year Profit (Loss) (300,811.67) Total Shareholder's Equity (1,636,363.46) TOTAL LIABILITIES AND EQUITY ~ 20,190,349.24 TIMBER RIDGE AFFORDABLE HOUSING CORPORATION PROJECTED CASH FLOW JANUARY 2005 THROUGH DECEMBER 2005 Actual Actual Jan-05 Feb-05 INCOME Unrestricted Cash Balance Updated 813105 Actual Actual Actual Actual Actual Mar-05 Apr-05 Mav-05 Jun-05 Jul-05 Aug-05 Sep-05 Oct-05 Nov-05 Dec-05 $14,801 $1,235 $7,679 $21,647 $4,844 $34,177 $11,767 $562,994 $445,103 $465,494 $425,456 $442,616 Rental Income 123,945 126,988 122,249 124,898 116,385 118,496 113,233 123,945 123,945 123,945 123;945 123,945 Insurance reimb kitchen fire (expense paid) 21,145 (13,444) (613) Town of Vail. -Loan 700,000 Credits for 6 Units not occupied by Vail (22,107) TOTAL CASH AVAILABLE $138,746 $128,223 $107,821 $146,545 $142,374 $152,673 $811,556 $686,326 $569,048 $589,439 $549,401 $566,561 i EXPENSES OperatinglOwner Expenses 29,906 68,026 46,744 34,944 60,546 .43,837 42,700 47,000 47,000 47,000 47,000 47,000 LC Fees - Otrly US Bank 60,690 0 0 60,023 0 0 122,047 0 0 60,690 0 0 Mold Remediation 6,925 11,033 0 0 0 1,520 31,812 0 0 0 0 0 Debt Service: Avg 2.5% Avg 2.6% Avg 2.7% Avg 2.9% Avg 3.1 % Avg 3.2% Avg 3.3% Avg 3.5% Est 3.5% Est 3.6% Est 3.7% Est 3.7% Series A Interest-Monthly 39,989 41,485 39,431 46,734 47,651 51,496 52,003 56,523 56,554 56,293 59,785 57,857 Series B Interest -Semi Annual 0 0, 0 0 0 44,051 0 0 0 0 0 45,469 Series BPrincipal -Annual 0. 0 0 0 0 0 0 0 0 0 0 130,000 Replacement Reserve Annual pymt 8105 92,700 Rate Cap Escrow Annual pymt 8/05 45,000 TOTAL EXPENSES AND DEBT SERVICE 137,510 120,544 86,175 141,701 108,197 140,906 248,562 241,223 103,554 163,983 106,785 280,326 MONTHLY CASHFLOW!(DEFICIT) (13,565) 6,444 13,967 (16,803) 29,333 (22;410) 551,227 (117,891) 20,391 (40,038) 17,160 {156,381) FUNDING (DISTRIBUTIONS) 0 0 0 0 0 0 0 0 0 0 0 0 ENDING CASH BALANCE 1,235 7,679 ' 21;647 4,844 34,177 11,767 562,994 445,103 465,494 425,456 442,616 286,235 US Bank Fee Date 10115-1115105 1115-4115!05 4/15-7115105 10115-1!15106 7/15-10/15/05 NOTE: In April, Corum invoices of $8,165 for 411-0115 payroll and March reimbursables were held and paid the first of May. . Insurance settlement for kitchen fire in L•12 for $21 ,145 -payout for restoration $14,057 TRAHC funded the Repl. Reserve & Rate Cap Escrow 8105 (2004 pymts have not been made) and Bond Reserve Fund has not been replenished. MEMORAl~TDUM August 25, 2005 To: Vail Town Council Stan Zemler Pam Brandmeyer Judy Camp From: Sally Lorton Re: July Sales Tax On the reverse side, please find the latest sales tax worksheet. I estimate I'll collect another $90,000.00 in July sales tax to bring July collections to $1,156,658.00. If so, we will be up 7.69% or $82,573.00 from budget and up 2.49% or $28,144.00 from July 2004. Attached please find two worksheets that report on the conference center tax collection. onth 994 99b 996 997 998 999 Town of Vail Sales Tax Worksheet 8/25/2005 2000 2001 2002 003 004 udget 005 Co//actions udget Valance Change from 2004 Change bom Budget January 1,805,707 1,894;597 1,935,782 2,052,569 2,115,359 2,066,459 2,034,529 2,210,547 2,073,481 1,997,091 2,225,841 2,118,468 2,271,707 153,279 2.06% 7.23% February 1,814,495 .1,876,707 1,993,389 2,089,673 2,153,121 2,021,486 2,223,670 2,366,321 2,281,833 2,111,163 2,362,825 2,248,865 2,426,930 178,065 2.71% 7.92°ib March .2,250,656 2,139,298 2,240,865 2,580,992 2,368,077 2,415,202 2,545,573 2,568,871 2,699,664 2,372,942 2,344,178 2,231,117 2,779,896 548,779 18.59% 24.60% April 794,668 791,092 966,993 874,427 7,107,334 952,843 926,771 1,043,437 870,875 871,468 992,157 844,305 913,040 68,735 -7.97% 8.74% May 287,315 324,681 378,920 329,783 382,718 370,864 388,121 448,234 414,248 428,919 471,595 391,744 457,314 65,570 11.11% 16.74°k June 548,820 590,685 594,907 630,366 633,400 692,871 721,774 751,439 657,707 742,755 732,113 696,803 832,305 135,502 13.69.% 79.45% July 892,830 893,483 963,717 1,043,637 1,107,882 1,130,883 1,235,470 1.157,887 1,044,966 1,075,532 1,128,514 1,074,085 1,066,658 (7,4271 -5.48°h -0.69% ;. _ Total z:~~n,r,~,i 7 ~5~,,.rco a o5~~ ,_~ ~~ e!il :a7 , , r,7 s~i ~ e5o ;.~b in ~~, ~~ii,' t~, 5-~ri.7i~ 1n oa7 77a , ;~5 X70 1r~ » ~+ x;06 ao7 t~; 71 ~;~.~ 1 ~~:~ ~t~~,~~~ ~~.a:°~ i i 39% August 891,566 867,125 990,650 1,073,430 1,183,926 1,050,004 1,038,576 1,124,275 1,084,318 1,029,446 994,445 946,482 September 725,205 645,902 830,453 637,831 735,608 806,600 817,373 747,766 713,574 679,208 757,033 720,527 October 408,405 461,791 413,573 472,836 515,531 536,204 547,201 486,570 484,425 508,092 532,537 506,853 November 594,491. 811,14.7 601,208 707,166 656,596 582,260 691,445 571,78$ 642,293 591,269 623,646 593,567 December 1,992,855 1,994,540 2,068,851 2,254,709 2.070,834 1,883,805 2,062,205 1,933,940 2,139,417 2,171,098 2,362,095 2,248,170 Total 12,174,183 12,136,965 12,755,591 14,747,419 75,030,386 74,509,427 15,232,588 15,417,044 15,106,801 74,578,983 15,466,979 14,621,000 10,747,850 1,142,443 onth Town of Vail Conference Center Lodging Tax (1.5%1Worksheet 8/25/2005 2005 Budget 2003 2004 Budget Co/%ctions Valiance Change from 2004. ,y Change from Budget January 258,035 304,140 276,303 308,662 32,359 1.49% 11.71% February 314,645 354,159 321,744 365,053 43,309 3.08% 13.46% March 342,984 333,006 302,527 411,385 108,858 23.54% 35.98% April 64,246 87,147 79,171 70,250 18,921) -19.39% -1 1.27% May 15,964 18,027 16,377 21,340 4,963 18.38% 30.30% June 54,153 56,662 51,476 67,617 16,141 19.33% 31.36% July 84,422 94,611 85,951 94,935 8,984 0.34°k 10.45°h Total 1,134,449 1,247,752 1,133,549 1,339,242 205,693 7.3340 18.15% August 81,820 82,900 75,312 September 42,569 48,706 44,248 October 25,131 28,707 26,080 November 29,089 33,037 30,013 December 260,232 289,276 262,798 ~~,: Total 1,573,290 1,730,378 1,572,000 1,339,242 205,693 Town of Vail Conference Center Retail Tax (.5%) Worksheet 8/2512005 Change % Change 2005 Budget from from Month 2003 2004 Budget Co/%ctions Variance 2004 Budget (June 233,274 267,013 245,637 250,236 283,480 260,830 283,013 284,547 258,952 99,694 115,624 109,419 46,376 46,172 45,406 83,981 83,918 80,741 122, 562 130, 300 124, 611 271,474 25,837 290,995 30,165 333,766 74,814 106,739 (2,680 50,622 5,216 96,774 16,033 125,626 1,015 1,119,136 1,211,054 1,125,596 1,275,996 150,400 1.67% 10.52% 2.65% 11.57% 17.30% 28.8.9% -7.68% -2.45% 9.64% 11.49% 15.32% 19.86% -3.59% 0.81 5.36`' 13.36°k August 119,843 115,092 109,760 September 78,107 87,126 83,472 October 57,330 60,325 58,721 November 67,602 71,641 68,792 December 253,449 276,725 260,659 Total 1,695,467 1,821,963 1,707,000 1,275,996 150,400