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HomeMy WebLinkAbout2007-02-06 Support Documentation Town Council Evening Session TOWN C®UNCIL EVENING SESSION AGENDA 6:00 P.M. TUESDAY, FEBRUARY 6, 2007 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 Participation. (10 min.) 2. ITEM/TOPIC: Consent Agenda. (5 min.) a. Approval of 01.02.07 & 01.16.07 Minutes 3. ITEMlTOPIC: Town Manager's Report. (10 min.) • Update on TOV summer calendar of events. On Wednesday, January 31st, staff met w/members of the Vail Valley Partnership, Vail Resorts and RTP, the Internet provider for the Vail Local Marketing District Advisory Council (VLMDAC). Minutes reflecting the discussion and next steps are included in this packet. Additionally, the Vail Valley Partnership, which serves as the VLMDAC's fulfillment agency, and RTP were scheduled to meet Friday, February 2nd, to discuss fixing the content to look like the winter site (Phase I), as well as a Phase it proposal to take the site to the next level. The outcome of this latter .meeting should be available to discuss w/Council at the 2.6.07 work session. • Appointment to Independent Housing Council. • Change March meeting date. 4. Chad Salli 1TEM/TOPIC: 2007 Overlay Project. (5 min.) ACTION REQUESTED OF COUNCIL: Authorize the Town Manager to enter into an agreement with B&B Excavating to complete the 2007 Overlay Project in the amount of $135,881.28. BACKGROUND RATIONALE: Staff has received bids from B&B Excavating and Elam Construction for the 2007 Overlay Project with B&B Excavating the low bidder. The project consists of a maintenance asphalt overlay on portions of roads in East Vail. The project is budgeted in the Capital Street Maintenance Budget. STAFF RECOMMENDATION: Authorize the Town Manager to enter into an agreement with B&B Excavating to complete the 2007 Overlay Project in the amount of $135,881.28. 5. Russ Forrest ITEMlTOPIC: Lionshead Parking Structure RFP. (2 hrs.) ACTION REQUESTED OF COUNCIL: The purpose of the evening meeting with the Vail Town Counci! (Council) is to: 1) Provide a fina6 opportunity for each development team to present their updated proposals as submitted on January 5th , 2007. BACKGROUND: On August 1St the Vail Town Council directed staff to invite Open Hospitality Partners and East West Partners to prepare proposals consistent with the Lionshead Parkinq~ Structure RFP. Staff has forwarded the updated January 5t proposals to the Town Council and have made it available on the the Town's web site. Staff is recommending that each team be given 30 minutes for a presentation and then allow questions by the Council. Public input will be taken following the presentations. 6. Rachel Friede ITEM/'TOPIC: Second Reading of Ordinance 2, Series of 2007 (Housekeeping Ordinance) (5 rnin.) ACTION REQUESTED OF COUNCIL: Approve, approve with modifications, or deny Ordinance 2, Series of 2007 on second reading. BACKGROUND RATIONALE: Staff is proposing text amendments to the Vail Town Code in response to errors identified by the Town's codifier. The Planning and Environmental Commission forwarded a recommendation of approval, with modifications, to the Vail Town Council on January 8, 2007. On January 16, 2007, the Vail Town Council approved Ordinance 2, Series of 2007 on first reading. STAFF RECOMMENDATION: Staff recommends that the Vail Town Council approve Ordinance 2, Series of 2007, on second reading. 7. Rachel Friede ITEM/TOPIC: Second Reading of Ordinance 3, Series of 2007 (Wildfire Roofing Ordinance), an ordinance to amend Chapters 14-2, Definitions, and 14-10, Design Review Standards and Guidelines, Vail Town Code, to create wildfire regulations, require Class A roof assemblies or Class A roof coverings for ali structures within the Town of Vail, and setting forth details in regard thereto. (10 min.) i, I ACTION REQUESTED OF COUNCIL: Approve, approve with modifications, or deny Ordinance 3, Series of 2007 on second reading. BACKGROUND RATIONALE: On December 11, 2006, the Planning and Environmental Commission forwarded a recommendation of approval for proposed text amendments identified in Ordinance 3, Series of 2007. Staff has since gone to the Town Council for two work sessions to discuss policy issues related to the proposed wildfire roofing ordinance. Town Council approved Ordinance 3, Series of 2007, upon first reading, on January 16, 2007. STAFF RECOMMENDATION: Staff recommends that the Vail Town Council approve Ordinance 3, Series of 2007, on second reading. 8. Rachel Friede ITEM/TOPIG: Ordinance No. 4, Series of 2007, an ordinance to amend Title 10, Building Regulations, to adopt the 2005 National Electrical Code by reference, and add amendments to the International Building Code, the International Residential Code, the National Electrical Code and the International Energy Conservation Code, for housekeeping purposes and to comply with Ordinance 3, Series of 2007, and setting forth details in regard thereto. (5 min.) ACTION REQUESTED OF COUNCIL: Approve, approve with modifications, or deny Ordinance No. 4, Series of 2007, upon second reading. BACKGROUND RATIONALE: On July 1, 2005, the State of Colorado adopted the 2005 National Electrical Code (NEC) and requires that all municipalities adopt the NEC as well. Amendments may be made to the NEC as long as they are more stringent than the adopted code. Ordinance No. 3, Series of 2007, will require Class A roof assemblies or Class A roof coverings and will ban wood shake and wood shingles for all structures within the Town of Vail. Ordinance No. 4, Series of 2007, will serve to amend Title 10, Building Regulations, a title that includes adoption by reference of the various standard codes, and also includes all amendments to those codes. Ordinance No 4, Series of 2007 will amend Title 10 to come into compliance with State Regulations as well as Ordinance No. 3, Series of 2007. On January 16, 2007, the Vail Town Council approved Ordinance No 3, Series of 2007, upon first reading. STAFF RECOMMENDATION: The Community Development Department recommends that the Town Council approve Ordinance No. 4, Series of 2007, upon second reading. I 9. George Ruther ITEM/TOPIC: Second reading of Ordinance No. 5, Series of 2007, an ordinance amending the Official Zoning Map for the Town of Vail in accordance with Title 12, Zoning Regulations, Chapter 5, Zoning Map; Rezoning Lot 4, Block 1, Vail Lionshead 2"d Filing from High Density Multiple Family (HDMF) district to Lionshead Mixed Use - 1 (LMU-1) district, and setting forth details in regard thereto. (20 min.) ACTION REQUESTED OF COUNCIL: Approve, Approve with modifications, or Deny Ordinance No. 5, Series of 2007 on second reading. BACKGROUND RATIONALE: On January 8, 2007, the Town of Vail Planning and Environmental Commission held a public hearing on the request to amend the Official Zoning Map of the Town of Vail. Upon consideration of the request, the Commission approved (4-3-0) a motion recommending approval of the rezoning request to the Vail Town Council. On January 17, 2007, the Vail Town Council voted 5-2-0 (Foley, Logan opposed) to approve Ordinance No. 5, Series of 2007 on first reading STAFF RECOMMENDATION: The Community Development Department recommends that the Vail Town Council approves Ordinance No. 5, Series of 2007, on second reading. 10. Rachel Friede ITEM/TOPIC: Resolution 3, Series of 2007, a resolution to amend Chapter 7, Development Standards, Lionshead Redevelopment Master Plan, pursuant to Section 2.8, Adoption and Amendment of the Master Plan, Lionshead Redevelopment Master Plan, to address conflicts with the Zoning Regulations, and setting forth details in regard thereto. (5 min.) ACTION REQUESTED OF COUNCIL: Approve, approve with modifications, or deny Resolution 3, Series of 2007. BACKGROUND RATIONALE: On January 8, 2007, the Planning and Environmental Commission forwarded a recommendation, with modifications, to the Vail Town Council for amendments outlined in Resolution 3, Series of 2007. The purpose of this amendment is to remove any confusion between the Lionshead Redevelopment Master Plan and the Zoning Regulations. STAFF RECOMMENDATION: Staff recommends that the Vail Town Council approve Resolution 3, Series of 2007. 11. Warren Campbell ITEM/TOPIC: Resolution 4, Series of 2007, a resolution to amend Chapter 4, Recommendations -Overall Study Area and Chapter 5, Detailed Plan Recommendations, Lionshead Redevelopment Master Plan, pursuant to Section 2.8, Adoption and Amendment of the Master Plan, Lionshead Redevelopment Master Plan, to include two new parcels and amend the text of the Master Plan for the area identified as "West Lionshead" and setting forth details in regard thereto. (20 min.) ACTION REQUESTED OF COUNCIL: Approve, approve with modifications, or deny Resolution 4, Series of 2007. BACKGROUND RATIONALE: On December i 1, 2006, the Planning and Environmental Commission forwarded a recommendation of approval by a vote of 4-1-0 (Dewitt opposed), to the Vail Town Council for amendments outlined in Resolution 4, Series of 2007. The purpose of the amendment would establish the basis by which West Lionshead could be redeveloped with a skier gondola in the location of the old gas station site and the development of mixed use areas, including housing, retail, and office spaces, to create a new portal to the mountain with all the typical skier services. Another aspect of the proposed redevelopment includes the possible relocation of the South Frontage Road. At the January 2, 2007, hearing the Town Council directed staff to remove Tract K and the other parcels proposed for inclusion within ' the Lionshead Redevelopment Master Plan by the Town from the proposed text amendments. Staff has made these changes to the proposed amendment. STAFF RECOMMENDATION: Staff recommends that the Vail Town Council approve Resolution 4, Series of 2007. 12. ITEM/TOPIC: Adjournment. (9:30 p.m.) NOTE UPCOMING MEETING START TIMES BELOW: (ALL TIMES ARE APPROXIMATE AND SUBJECT TO CHANGE) THE NEXT VAIL TOWN COUNCIL REGULAR WORK SESSION WILL BEGIN AT TBD, TUESDAY, FEBRUARY 20, 2007 IN THE VAIL TOWN COUNCIL CHAMBERS. Sign language interpretation available upon request with 48-hour notification. Please call 479-2106 voice or 479-2356 TDD for information. Vail Town Council Evening Meeting Minutes Tuesday, January 2, 2007 6:00 P.M. Vail Town Council Chambers The regular meeting of the Vail Town Council was called to order at approximately 6:00 P.M. by Mayor Rod Slifer. Members present: Farrow Hitt, Mayor Pro-Tem Kent Logan Greg Moffet Kim Newbury Mark Gordon Kevin Foley Not present: Rod Slifer, Mayor Staff Members: Stan Zemler, Town Manager Matt Mire, Town Attorney Pam Brandmeyer, Assistant Town Manager Hit expressed heartfelt condolences to the Gerald R. Ford family due to his recent passing. Foley reported Slifer was attending the former President's funeral. The first item on the agenda was Citizen Participation. Local climber Larry Nane proposed naming a bridge at the Vail Golf Course after local climber Susan Nott. Born in Vail, Nott was a mountaineer who died climbing Mount Foraker, Alaska, on May 20, 2006. Local resident Diane Johnson complimented the Public Works crews for their work on snow plowing, tree lighting and the abundant summer flower gardens, all characteristics that make her children love living in Vail. Foley announced Notre Dame would be playing Louisiana State University the following day in the Sugar Bowl. The second item on the agenda was the Consent Agenda. a. Approval of 12.05.06, 12.12.06 and 12.19.06 Minutes. Moffet moved to approve with Foley seconding. Foley commented he was not present for a vote on Item No. 4 of the 12.12.06 meeting. The motion to approve the consent agenda passed unanimously, 6-0. The third item on the agenda was the Town Manager's Report. LionsHead Parking Structure Financial Critique of Proposals. Community Development 1 i Director Russ Forrest invited two Council members to assist in reviewing the financial critique of the two potential LionsHead parking structure developers. Moffet and Logan were chosen to participate. Zemler asked if Council members were comfortable in using a polling firm to determine citizen support for new uses of the conference center funds which would be brought before voters in the November 2007 election. Gordon confirmed the poll would be as statistically accurate as possible. Zemler reported 250 registered voters would be polled by telephone during the February or March timeframe. Hitt encouraged the participation of the retail and lodging community in reviewing the polling questions. Zemler then announced the town's annual Community Meeting would take place on January 9, 6:00 p.m. at Donovan Pavilion. Gordon asked that a short update be presented on the Vail 20/20 visioning process. Newbury asked that the Vail Recreation District, Eagle River Water and Sanitation District and other partner agencies be invited to participate in the open house portion of the meeting. The fourth item on the agenda was the Windmill Art Event . Art in Public Places (AIPP) Coordinator Leslie Fordham requested that Council approve the expenditure of $94,500 fior an event that will promote cultural tourism and bring greater awareness of the visual arts in Vail. Environmental artist Patrick Marold will install 2,700 miniature light- generating windmills on the Vail Golf Course for one month, beginning March 16, 2007 through Earth Day, April 22, 2007. Each windmill is attached to an eight foot high post and will respond to the wind's behavior. The artist envisions the glowing lights, placed in a fie'' of snow, wil! create a sense of mystery and wonder. Besides providing a unique vise experience the artist wants to bring attention to renewable energy sources and the power of nature. The twinkling lights will be visible from the Frontage Road and I-70. AIPP ~°~ill encourage people to walk though the windmill field and will work with the Vail Golf ,nurse to provide nighttime sleigh rides to the site. The project has the support of ail Recreation District. The Vail Symposium offered to lend support organizing an arnst speaker evening and publicizing the event. AIPP believes Vail has the potential to brc~ .=;;n and promote cultural programs. This event is a first step in taking the visual arts in a higher level and building a reputation as a first class resort, providing both re~reat~~s-~ and arts activities. impact studies in Colorado have shown that arts events ca^ "o powerful economic engines that help sustain and drive the economy. Gordon ; approve the expenditure with Moffet seconding. AIPP Member Doe Browning asked for Council support of the event. AIPP Member Jen Mason said the town is making huge strides in terms of visual tourism, although the visual arts have been sore,: ''at ignored. Foley clarified only AIPP funds (Real Estate Transfer Tax (RETT) supported) would be utilized. Hitt said he would not vote for the project as he disagreed with RC i i funds being used to promote visual arts as the tax was originally approved for the acquisition of open space. The motion passed 5-1, with Hitt opposed. The fifth item on the agenda was an appeal, pursuant to Section 12-3-3, Appeals, Vail Town Code, of the Town of Vail PEC'S denial of a setback and site coverage variance application, pursuant to Section 12-6H-6, Setbacks and Section 12-6H-9 Site Coverage, Vail Town Code, to allow for three residential additions, located at 400 East Meadow Drive, Units 3, 5 & 8, Tyrolean Condominiums!/Lot 5D, Vail Village First Filing (PEC06- 0070, 0071, 0072). Chief Planner George Ruther reported that on November 13, 2006, the PEC held a public hearing to consider three (3) requests for variances from Section 12-6H-6, Setbacks, and Section 12-6H-9, Site Coverage, pursuant to Chapter 12-17, 2 Variances, Vail Town Code, to allow for three (3) residential additions to the Tyrolean Condominiums, located at 400 East Meadow Drive. Upon review of the variance applications, the Commission voted 3-1-1 (Dewitt opposed)(Pierce recused). The Community Development Department recommended Council overturn the decision of the PEC denying a request for variances from Section 12-6H-6, Setbacks and Section 12-6H-9, Site Coverage, Vail Town Code. Project Architect Mike Suman asked Council to overturn the PEC decision. "The November 13, PEC decision created an unequal situation within the Tyrolean." Moffet moved to overturn with the ruling subject to the two conditions outlined in the PEC Memorandum dated November 13, 2006. Gordon seconded the motion. Michael Cacioppo asked Council to overturn the decision. The motion passed unanimously, 6-0. The sixth item on the agenda was an appeal, pursuant to Section 12-3-3, Appeals, Vail Town Code, of the Town of Vail PEC's approval, with conditions, of a request for a conditional use permit, pursuant to Chapter 12-16, Conditional Uses, to allow for the temporary use of the tennis facility for conferences and conventions, located at 1300 Westhaven Drive/Special Development District (SDD) No. 4, Cascade Village, Area A (PEC06-0077). Planner Bill Gibson said that on November 27, 2006 the PEC approved, with conditions, a request for a conditional use permit, pursuant to Chapter 12-16, Conditional Uses, to allow for the temporary use of the tennis facility for conferences and conventions, located at 1300 Westhaven Drive/SDD No. 4, Cascade Village, Area A. The Vail Town Council "called-up" this PEC action due to concerns about a condition of approval prohibiting parking along Westhaven Drive or the South Frontage Road. Police Commander Steve Wright discouraged parking on Westhaven Drive as it may hamper the movement of rgency services vehicles. Moffet moved to modify condition No. 1 of the PEC's tuber 27, 2006, approval of a conditional use permit to allow the Vail Cascade RE and Spa the temporary use of a tennis court facility for conferences and `ions. He also noted that condition No. 1 be deleted and replaced with the ;.man noted on page 5 of Staff's January 2, 2007, Town Council memorandum with .~~f.u~ry seconding. Vail Cascade representative Don McGlaughlin encouraged Council to f,.°~~~ a strictly enforced parking management plan. The motion passed unanimously, 6-0. eventh item on the agenda was the second reading of Ordinance No. 31, Series of An Ordinance Amending Section 2-6-9 of the Vail Town Code, Concerning use of ~,~TT Fund. Town Attorney Matt Mire stated that in an effort to be the premier mountain resort community, the town has committed to provide its citizens and guests with superior level of environmentally sensitive services" in addition to "vision, ?eade~ 'yip and stewardship in an environmentally responsible manner." To achieve the goals .sated above and for the environmental sustainability of the Town of Vail and the Vail Valley, the Council has determined certain text amendments are necessary to the Vail Town Code as they relate to the use of the Town of Vail RC i i Fund to include expenditures related to environmentally sustainable practices. Moffet moved to adopt the ordinance with Gordon seconding. The motion failed 4-2, with Gordon and Moffet voting for the motion. Foley stated he believed the ordinance was a little too overreaching. For instance, he did not believe it appropriate to spend RETT dollars to alleviate I-70 noise pollution. Newbury and Moffet emphasized the ordinance was consistent with the idea of being environmentally responsible. Hitt said the uses listed regarding environmental protection in the ordinance did not match the original spirit of the Rt ~ ~ . Zemler said if the ordinance did not pass, the town would be unable to create a broader environmental protection program. Gordon stated town residents had recently voiced (Vail 20/20 visioning process) a desire to be a global leader in environmental 3 stewardship. During a pause for public comment, Bill Jewitt said, think it is a slippery slope to start using RETT funds for other purposes just because it's the only fund with a little extra money in it...Funding things the easy way doesn't demonstrate good leadership." Representing the Vail Village Homeowners Association, Jim Lamont stated his organization was beginning to lean more towards environmental clean-up, such as 1- 70 sand mitigation and regeneration of the forest. Logan stated, `This is not carte blanche to spend any money without public hearings or public input." Logan moved to approve a modified version of the ordinance by removing specific uses, such as recycling and 1-70 noise mitigation, identified in the earlier version, with Foley seconding. The motion passed 4-2, Foley and Hitt opposed. The eighth item on the agenda was Resolution No. 1, Series of 2007, a resolution designating a public place within the Town of Vai{ for the posting of notice for public meetings of the Vail Town Council, PEG, DRB, and other boards, commissions, and authorities of the Town of Vail. Pursuant to Section 24-6-402(2)(c) of the C.R.S. as amended, provides that local public bodies must give full and timely notice to the public of any meetings at which the adoption of any proposed policy, position, resolution, rule, regulation, or formal action occurs at which a majority or quorum of the body is in attendance, or is expected to be in attendance. Moffet moved to adopt with Gordon seconding. The motion passed unanimously, 6-0. Foley asked for postings to be placed in ~ ~ pus kiosks throughout town. Kaye Ferry said the January 2, 2007 agendas were no ted on the town web site. The motion passed unanimously, 6-0. ;nth 'tem on the agenda was Resolution Number 2, Series 2007. A resolution adopting i pu' ° temporary art program. A Temporary Art Program will allow artists and galler~~ o place artwork on town-owned property for a one year lease and a fee of .aow ° " 'gas determined artwork enriches the community by providing an outdoor J,_.,aio, J creates an opportunity to showcase the sculpture of local galleries that Luc.: ~ .rticipate in the program. Moffet stated he believed the town was us r Newbury moved to approve with Foley seconding. The motion passed "a,:.. ~:i-1, Moffet opposed. nth iiem ~n the agenda was Matters from Mayor and Council. Foley questioned why ~ spioy vere not provided a few free drinks at the town's holiday party. He then inquired" a library's operating hours during the holiday season. He also stated he had rec~: ~ experienced difficulty with inaccurate information displayed by the town's "Next Bus" system. He continued by mentioning town staff reacted very well to a recent water main break at LionsHead Centre. He then questioned why residents at Timber Ridge were required to sign a mold waiver. Foley also encouraged transit schedules be improved on New Year's Eve next year. He then recommended that the Covered Bridge needs be refurbished to improve pedestrian flow. He then clarified the Ritz Carlton will go before the Council at its next meeting. He finished his comments by reporting the sidewalk on Vail Road needs to be better cared for with respect to snow shoveling and ice removal. Gordon said the New Year's Eve fireworks were great. Logan said the Vail Road sidewalk was hazardous. He then asked for an additional update on wildfire preparedness. He also requested a report be provided that details what public improvements can be provided through Tax Increment Financing. 4 Moffet said he would be going to New York with the Vail Local Marketing District on a media visit. He then said he would be conducting his own peer review trips by visiting Jackson Wyoming; Sun Valley, Utah; Alta, Utah; and Park City, Utah in the upcoming weeks as part of his marketing business. Hitt stated he appreciated the Vail Valley and the wonderful facilities located at the Vail Valley Medical Center. He also thanked people for all the well-wishes he received during a recent stay in the hospital. He said a recent ice show at Dobson Ice arena was very successful and thanked the town for its donation of ice time. He asked about Rita- Carlton sales occurring at the New Dawn Vision Center in LionsHead. The eleventh item on the agenda was Adjournment. Foley moved to adjourn with Moffet seconding at approximately 8:20 p.m. The motion passed unanimously, 6-0. Rodney E. Slifer, Mayor ATTEST: Lorelei Donaldson, Town Clerk Minutes provided by Corey Swisher. 5 i Vail Town Council Evening Meeting Minutes Tuesday, January 16, 2007 6:00 P.M. Vail Town Council Chambers The regular meeting of the Vail Town Council was called to order at approximately 6:00 P.M. by Mayor Rod Slifer. Members present: Rod Slifer, Mayor Farrow Hitt, Mayor Pro-Tem Kent Logan . Greg Moffet Kim Newbury Mark Gordon Kevin Foley Staff Members: Stan Zemler, Town Manager Matt Mire, Town Attorney Pam Brandmeyer, Assistant Town Manager The first item on the agenda was Citizen Participation. Representing the Vail Chamber and Business Association (VCBA), Kaye Ferry shared her concerns about the current status of the special events calendar that is currently published on the town's web site and used by other agencies, as well. She noted the calendar lists nothing after April 22. She then provided a chronology of the VCBA's past attempts to manage the project and reiterated.the chamber's interest in handling the matter. The second item on the agenda was the Town Manager's Report. There was nothing reported. The third item on the agenda was a Request for Permission to Proceed through the Development Review Process with a proposal to construct exterior improvements (i.e., lighting, graphics, signage, exterior paint, etc.) to the fagade of the Colorado Ski Museum located within the Vail Transportation Center. Chief Planner George Ruther reported the Colorado Ski Museum, represented by Executive Director David Scott, is proposing to construct exterior improvements to the fagade of the Colorado Ski Museum located within the Vail Transportation Center. At the time of the meeting, the exterior plans were only conceptual in nature. If approved, the applicant would be required to appear before the Design Review Board (DRB) with a more complete development review application. Newbury moved to grant permission to proceed with Foley seconding. The motion passed unanimously, 6-0. Greg Moffet entered the Council Chambers at approximately 6:30 p.m. The fourth item on the agenda was a discussion regarding Commercial Linkage and Inclusionary Zoning for Employee Housing Mitigation. On January 2, 2007, the Town Council directed staff to modify the draft Employee Housing Ordinance to include a 1 Commercial Linkage requirement of 20% and an Inclusionary Zoning requirement of 30% of net new residential square feet. Council requested this item be on the evening agenda so that public input could be received. Housing Coordinator Nina Timm reported Council had recently chosen to modify a draft housing ordinance to include a 20% percent commercial linkage requirement and a 30% Inclusionary Zoning requirement on all .net new residential square feet. This includes dwelling units, including hot beds, time share unit, fractional fee units and lodge units. Following an overview by Timm, the Council invited comments from the public. Representing Vail Resorts Development Company, Keith Fernandez said his company is a leader in the community, subsequently employee housing is a huge priority. Tom Miller of Vail Resorts recommended implementing incentives to assist in providing employee housing. Local homeowner Jerry Maher encouraged equity. Gwen Scalpello encouraged readdressing the concept of employee generation. Representing the LionsHead Inn, Ann Frick supported using the town's rational nexus. Thomas Burney expressed concern the proposed residential linkage would diminish local home construction. David Cole suggested the proposal was socialistic. Lin Grubbs said the proposal could possibly damage the local economy. Vail Local Housing Authority (VLHA) member Ethan Moore encouraged exemptions for single family dwellings and low density projects. Local homeowner and property manager Frank McKibben supported equity in regards to residential expansion. Greg Cummings said local homeowners did not significantly contribute to employee generation. Brian Reski supported exemptions for modest residential projects. Rick McHenry said the proposal would make it not possible for him to build a home. Sue Mason encouraged free market principles (adequate wages and insurance) and wise money management. Robert Truscheit said he did not know where the proposed employee housing would be located. Brent Biggs said the proposal limited his ability to develop his property. Mike Dantes supported equitable distribution of taxation. Bill Dewitt said without an assessment of how much money was needed to provide employee housing, an appropriate decision could not be made. George Hallenbeck spoke in favor of laissez fare economics. Pat Dauphinais spoke against residential construction subsidizing local employers. Representing the Landmark Condominiums Michelle Kobelan said expanding employee housing requirements could prevent redevelopments. Asher Maslan urged restraint prior to making a decision as Eagle County had commissioned a "blue-ribbon" housing committee. Gina Grisafi- Reimers said additional employee housing requirements would have prevented .her family from building their home. Ramshorn Lodge Manager Diane Milligan asked Council to reconsider the proposal on the table. Geoff Wright said the proposal would burden redevelopment possibly to a stalwart. Representing the LionsHead Inn and other clients, Dominic Mauriello said the inclusionary requirement does not represent a nexus or rational relationship. Kaye Ferry asked Council to look at open space parcels for possible employee housing and asked Council to have the political will to solve the problem. Representing the Vail Village Homeowners Association, Jim Lamont offered support for a standardized impact fee for employee housing. Council members also offered comments. Logan said Council was only beginning the decision making process. "I do believe we need to set a specific goal for the number of units, or number of employees we want to have...We need to firmly establish that, communicate it and act appropriately...We have to provide exemptions for single family units up to a certain size." Gordon spoke in support of asingle-family residence exemption and using moderate percentages for suitable.. inclusionary zoning and linkages. Kevin Foley said large redevelopment wasn't providing adequate employee housing. Hitt said he appreciated the community's input and the decision making process was only the beginning. He applauded the large audience for taking an interest in the discussion and 2 being part of the public process. Newbury spoke in support of the recommendation forwarded by the Local Housing Authority: • Codifying commercial linkage. . • Codifying inclusionary zoning. • Providing appropriate exemptions for single family or very low density residential developments. • Utilization of the following implementation tools: o On-site mitigation (with qualitative standards) o Off-site mitigation (with qualitative standards) o Pay-in-lieu at $125,000 per employee to be housed (preferred initial option) • Provision for development incentives to reward creation of deed restricted affordable housing. • Provision for a housing credit system. • Pursuit of affordable/ employee housing options outside TOV boundaries. • Establish permanent funding source(s) for affordable housing. Moffet explained no new hotel, office, or retail product had been built in Vail for the past 20 years. "The only things of that nature that have been built were mandated by the town." He emphasized that the commercial and retail activity in town is actually what "pays the bills." Slifer noted no one in the audience questioned commercial linkage. He then commented that the private sector should be able to redevelop the Timber Ridge property as well as the Chamonix property. "I don't think we have the numbers we need to really put our arms around the situation." He then encouraged a dedicated funding source for affordable housing. "I don't think inclusionary zoning across the board is fair." Council members encouraged the community to continue the dialogue at the Planning and Environmental Commission meeting on Jan. 22. The fifth item on the agenda was a LionsHead Parking Structure Request For Proposals update. Town staff requested budget authorization for $35,000 to perform a financial critique on the two development proposals for redevelopment of the LionsHead parking structure and to specifically engage Economic Planning Systems to complete that critique. On November 21, 2006, Council received input from the public and requested the proposals be reviewed and critiqued by a financial expert that could review the financial viability of the proposals and the proposed financial public benefits and risks of each proposal. Moffet moved to approve the budget authorization with Foley seconding. The motion passed unanimously, 6-0. The sixth item on the agenda was an appeal, pursuant to Section 12-3-3, Appeals, Vail Town Code, of the Town of Vail PEC's approval, with conditions, of an a major exterior alteration, pursuant to Section 12-7H-7, Exterior Alterations or Modifications, Vail Town Code, and a final review of a conditional use permit, pursuant to Section 12-7H-2, Permitted and Conditional Uses; Basement or Garden Level, and 12-7H-3, Permitted and Conditional Uses; First Floor on Street Level, Vail Town Code, to allow for the development of 45 fractional fee club units and one additional residential dwelling unit, located at 728 West LionsHead Circle/Lot 2, West Day Subdivision, and setting forth details in regard thereto. (Ritz-Carlton Residences) (PEC06-0081 and PEC06-0082) 3 Due to a predetermined conflict of interest (Vail Resorts affiliation) Slifer and Gordon recused themselves from the item and left the Council Chambers. Town Planner Warren Campbell informed Council they could uphold, overturn, or modify the PEC's approval, with conditions, of the major exterior alteration and conditional use permit applications pursuant to Section 12-3-3, Appeals, Vail Town Code. On December 11, 2006 the PEC approved, with conditions, a request for a major exterior alteration and a final review of a conditional use permit to allow for the development of 45 fractional fee club units and one additional residential dwelling unit within the previously approved Ritz-Carlton Residences. The Vail Town Council "called-up" this PEC action due to concerns about a condition of approval regarding the provision of employee housing beds associated with the development of the project. Representing Vail Resorts Development Company, Jay Peterson said all employee housing would be provided prior to a temporary certificate of occupancy. Greg Moffett made a motion to modify condition number five (5) of the PEC approval of a major exterior alteration per the staff memorandum dated January 16, 2007. The motion was seconded by Kim Newbury. The vote was 4-1-2 (Foley opposed, Slifer and Gordon recused). Foley clarified any loss of parking due to the development had been accounted for elsewhere. The motion passed 4-1, with Foley opposed. The seventh item on the agenda was the First Reading of Ordinance 2, Series of 2007 (Housekeeping Ordinance). Slifer and Gordon reentered the Council Chambers. Town Planner Rachel Friede said staff was proposing text amendments to the Vail Town Code in response to errors identified by the town's codifier. The PEC forwarded a recommendation of approval, with modifications, to Council on January 8, 2007. Moffet moved to approve the ordinance with Foley seconding. The motion passed unanimously, 7-0. The eighth item on the agenda was the First Reading of Ordinance 3, Series of 2007 (Wildfire Roofing Ordinance), an ordinance to amend Chapters 14-2, Definitions, and 14-10, Design Review Standards and Guidelines, Vail Town Code, to create wildfire regulations, require Class A roof assemblies or Class A roof coverings for all structures within the Town of Vail. On December 11, 2006, the PEC forwarded a recommendation of approval for proposed text amendments identified in Ordinance 3, Series of 2007. Staff has since gone to Council during two work sessions to discuss policy issues related to the proposed wildfire roofing ordinance. Moffet clarified the ordinance would not require anyone to replace a functional roof. Moffet moved to approve the ordinance with Gordon seconding. During the public comment period, Gwen Scalpello questioned the process (trigger) used to require Class A roof assemblies. Friede responded, "Any additions beyond aone-time 500 square foot addition exemption from mitigating non- conformities, new construction, complete re-roofs, and those choosing to exercise their 250 square foot ordinance rights." PEC Member Bill Jewitt said he did not remember talking about 250's or bump outs when the item was discussed by the PEC. Mire said the ordinance would follow the legal non-conforming section of the code. The motion passed unanimously, 7-0. The ninth item on the agenda was Ordinance No. 4, Series of 2007, an ordinance to amend Title 10, Building Regulations, to adopt the 2005 National Electrical Code by reference, and add amendments to the international Building Code, the International Residential Code, the National Electrical Code and the International Energy Conservation Code, for housekeeping purposes and to comply with Ordinance 3, Series of 2007. On July 1, 2005, the State of Colorado adopted the 2005 National Electrical Code (NEC) and requires that municipalities adopt the NEC as well. Amendments may 4 be made to the NEC as long as they are more stringent than the adopted code. Ordinance No. 3, Series of 2007, will require Class A roof assemblies or Class A roof coverings and will ban wood shake and wood shingles for all structures within the Town of Vail. Ordinance No. 4, Series of 2007, will serve to amend Title 10, Building Regulations, a title that includes adoption by reference of the various standard codes, and also includes all amendments to those codes. Ordinance No 4, Series of 2007 will amend Title 10 to come into compliance with State Regulations as well as Ordinance No. 3, Series of 2007. Moffet moved to approve the ordinance with Newbury seconding. Slifer emphasized the building department already implemented the new regulations and the passage of an ordinance was a formality. The motion passed unanimously, 7-0. The tenth item on the agenda was the First reading of Ordinance No. 5, Series of 2007, an ordinance amending the Official Zoning Map for the Town of Vail in accordance with Title 12, Zoning Regulations, Chapter 5, Zoning Map; Rezoning Lot 4, Block 1, Vail Lionshead 2"d Filing from High Density Multiple Family (HOME) district to Lionshead Mixed Use - 1 (LMU-1) district. Chief Planner George Ruther explained on January 8, 2007, the Town of Vail PEC held a public hearing on the request to amend the Official Zoning Map of the Town of Vail. Upon consideration of the request, the PEC approved (4-3-0) a motion recommending approval of the rezoning request to the Vail Town Council. Vail International property owner Heidi Hanson said she was not aware why the property had chosen to opt out of the upzoning in 1998. Moffet moved to approve the ordinance with Newbury seconding. The motion was made in accordance with the list of criteria found on pages 5-8 in the staff memorandum dated January 8 to the PEC and the findings on page 9. Logan expressed concern that the current situation differed greatly from that which existed in 1998 (property values are much higher). Foley said the LionsHead Redevelopment Master Plan is possibly outdated. Council members noted the proposed change in zoning allowing for an additional 137,000 feet of Gross Residential Floor Area (GRFA) would allow for over $200 million in upzoning. Kaye Ferry spoke against the approval of the upzoning. Representing Vail Resorts Development Company, Keith Fernandez questioned how this project differed from the Ritz-Carlton project in terms of equitable treatment by Council. Representing the Vail Village Homeowners Association, Jim Lamont spoke in support of impact fees and begged for equity in terms of development requirements. "What we want is an equitable and fair and consistent system." The motion passed 5-2, with Logan and Foley opposed. The eleventh item on the agenda was Adjournment. Moffet moved to adjourn at approximately 9:30 p.m. with Newbury seconding. The motion passed unanimously, 7-0. Rodney E. Slifer, Mayor ATTEST: Lorelei Donaldson, Town Clerk Minutes provided by Corey Swisher. 5 i' MEMORANDUM TO: Town Council FROM: Community Development Department DATE: February 6, 2007 SUBJECT: Lionshead Parking Structure Request for Proposals Staff: Stan Zemler and Russ Forrest I. PURPOSE The purpose of the evening meeting with the Vail Town Council (Council) is to receive a final presentation by the two competing development companies (East West Partners and Open Hillwood Partners) on their January 5, 2007 update to their proposals. In this proposal update both teams responded to input from both the Council and the community and revised their proposals. II. BACKGROUND A. Goals The Town of Vail (Town) owns and operates an 1,150 space parking structure and an unimproved charter bus parking lot, located at 395 South Frontage Road in Vail, Colorado (See Section 7 of RFP). This site is 6.3 acres in size and is located in the Lionshead Redevelopment Master Plan area, one of two pedestrian retail areas in Vail. In addition, this site is included in the Lionshead Urban Renewal area. A draft master plan for the parking structure was completed during the process of considering a conference center; the Town identified at that time, the following needs for the site: • The existing parking structure needs both capital and operational improvements to maintain its effectiveness in the future, • The Town currently needs 400-500 additional public parking spaces to minimize overflow parking on the Frontage Road for 15 days per winter season, • Redevelopment of the parking structure should include retail development on the south side of the parking structure as called for in the Lionshead Redevelopment Master Plan, • Pedestrian access needs to be improved .between the parking structure and the Lionshead retail area, and Improve the Lionshead Information Center. In the last year, private developers have approached the Town of Vail and proposed redevelopment of the site to accommodate both public and private uses. To ensure a fair and equitable process, the Vail Town Council directed that a "Request for Proposals" be issued to solicit development proposals that meet the project goals of the Town for this site. 1 The RFP seeks qualified developers who can develop the Lionshead parking structure consistent with the project goals of this RFP stated below. The following are project goals for any developer considering submitting a proposal: A. Development proposals shall comply with the Lionshead Redevelopment Master Plan (See httq://www.vailaov.com/docs/dl forms/lionshead master elan 01 2006.odf ) and be consistent with Lionshead Mixed Use 1 Zoning (See htto://www.sterlinacodifiers.com/CONaiI/ for Title 12 in the Vail Town Code). B. Development proposals consistent with the Lionshead Redevelopment Master Plan and the Lionshead Mixed Use 1 Zone District shall help pay for the public improvements. A strong preference is given to uses that generate "hot beds" such as accommodation units (hotels) and Employee Housing Units. Parking generated by private development shall be provided and paid for by the developer. C. Meeting/event/conference facilities accessory to hotel and lodging uses. D. The Town anticipates extensive improvements to the Lionshead parking structure in the near future. Creation of a new public parking structure, paid for through the redevelopment of the site, should include a minimum of 1150 public parking spaces that would improve the operational performance of the structure compared to current operation (See 2005 Walker Parking Study in Attachment B). The Town is assuming that it would continue to own and operate public parking in Lionshead. E. Creation of new public parking in excess of the 1,150 existing spaces on the site based on circulation viability. F. Creation of a new Lionshead information center with public restrooms. G. Redevelopment of the Lionshead Annex with consideration given to the relocation of a Youth Recreation Center and the Colorado Mental Health offices. H. Improvement of the pedestrian, transit, and vehicular circulation between the parking structure and the Lionshead retail mall. I. Provide loading and delivery for uses created on-site which can also be used by adjacent Lionshead retail uses. J. Improve hotel shuttle bus circulation which currently drops guests at the southwest corner of the Lionshead parking structure. The Town is interested in siting a Lionshead transit facility to accommodate 5 buses for regional bus traffic. The parking structure area is one of the locations under consideration for that use (See Draft Master Plan for Parking Structure). K. Creation of a retail connection along the south side of the project site that is consistent with the Lionshead Redevelopment Master Plan. L. Frontage Road improvements consistent with the Lionshead Redevelopment Master Plan and acceptable to the Colorado Department of Transportation. M. Other public amenities that would augment the vitality and economic impact of the development. N. Use of the U.S. Green Building Council's LEED Green Building Rating System, or a comparable alternative, to guide project design. Attachment A includes the Executive Summary for Both Teams. It should be noted that proposed schedule changes are proposed below. 2 B. Projected Costs for Maintaining the Lionshead parking structure and other associated improvements The Lionshead parking structure was built in 1980 and is projected to have 25 years more of life before major reconstruction is required. However, significant capital investments will be required to reach the 25 years. Necessary improvements to the Lionshead parking structure can be placed in the following. categories: Structural/Capital Maintenance: • Repair all the stairs and stairways: $350,000 due next couple of years • Ongoing expansion joint work: $50,000/yr * • Top deck slab: re-topping within the next eight years: $2,500,000 • Salt penetration repairs: $150,000 due next couple of years * • Water infiltration repairs: $250,000 within 5 years • Painting/lighting/system maintenance: $150,000/yr * • Parking equipment replacement: now $300,000, also every 5-7 years, will request for 2007 Operational: The current structure does not function well as designed: • Install pay on foot stations: $200,000 • Provide another exit to East Lionshead Circle: $750,000 • Convert the garage to one-way circulation and lose 100 spots: cost to replace the 100 spots: $3,500,000 • Roadway improvements for better ingress/egress: $3,000,000 Code/regulatory; Required improvements to meet current codes will be required with any enhancement or remodel. • Elevator to meet ADA: $400,000 a piece • Sprinkler and detection systems: $1,000,000 • Increase ventilation on certain levels: $350,000 • Egress and proper emergency access issues: $150,000 Enhancements: Keeping up with the customer expectations, matching the new neighborhood and keeping the Vail experience. • Bathrooms: $500,000 • Information booth: $900,000 • Auxiliary building: $1,700,000 • Heated entry stairs: $1,000,000 verses $300,000 • Elevators: See above • streetscape: $1,000,000 • New heated streetscape entry/bus plaza: $3,000,000 Expansion: We have stated the need to expand the supply by 400 spaces. • 400 new spaces: $12,000,000 Currently, some of the structural and capital maintenance issues are budgeted over the next 5 years Operational issues are not budgeted except the possibility of roadway improvements using Tax Increment Financing (TIF) funds. Enhancements are not budgeted except to use TIF funds for streetscape and entry plaza. 3 The conference center, if approved, would have addressed all these issues with the exception of the topping slab, one-way circulation, the information booth and expanded capacity by only 250 spaces verses 400 spaces. The revised capital budgets for 2007-2010 will need to reflect increased costs to take care of the shortcomings. C. Criteria for a Final Selection On September 5, 2006 the Council approved the following criteria (which is based on the original goals of the RFP). Reaulatorv Criteria • Compliance with Lionshead Mixed Use Zoning, • Conformance to design guidelines in the Lionshead Redevelopment Master Plan, • Compliance with affordable housing policy. Circulation and Parking • Replacement of existing parking without affecting parking availability in the ski season, • Mitigation of lost parking during the construction of the parking facility, • Number of additional public parking spaces (beyond 1,150 spaces) provided upon completion of construction, • Provide for loading and delivery for the site and surrounding area, • Provide for mass transit access to the Lionshead area, • Enhance circulation for pedestrians and vehicles, • Provide necessary improvements to Frontage Road in compliance with CDOT standards. Uses • Number of "live beds" and degree to which they provide diversity to the Vail bed base, • Provide retail opportunities on East Lionshead Circle which complement existing retail areas, • Provide public amenities: recreation, entertainment, event/meeting facilities proposed on the site, • Provide a new Lionshead information center, • Consideration of the relocation for the Youth Recreation Center, Colorado Mental Health, and other tenant uses. Financial Considerations • Financial return to the Town through lease payments, air rights purchase or other payments, • Town's financial commitment for construction and maintenance of public improvements, • Financial viability of the project, • Financial capability of the developer to construct and operate the project, • Financial guarantees for timely completion. 4 Environmental/Carrvina Caoacitv • Overall environmental sensitivity and ability to achieve an established environmental certification for the design and construction of the facility, • Overall innovation and creativity. Leaal • Ownership structure for the parking facilities and private improvements, • Contractual arrangements necessary for joint ownership and operation of public amenities, • Assurance of completion and operational commitments. Staff and consultants will review the proposals and make a recommendation to Council regarding the extent to which each proposal meets the criteria. The Council will make a final decision in its sole judgment as to which proposal is in the best interests of the Town. The Council will reserve the right to reject all proposals. I11. ACTION REQUESTED FROM COUNCIL A. Receive a presentation by the Two development teams on the January 5~' proposal update In November and December of 2006, the Town received input from the public on the development proposals and had several questions of the developers. Several of those questions included (but were not limited to the following) include: • Identifying where off-site employee housing would be located. • Providing documentation on how dwelling units or dwelling unit lock-offs would be managed in a rental pool. ' • Providing information on how completion of construction of public parking would be guaranteed on-time and then how completion of the overall project would be guaranteed. • Providing additional documentation on how any financial subsidy required for the civic center use would be addressed by the developer. • Any additional ideas to address the comments from the Town Council and the public. On January 5, 2007 the development teams made their final submittal and the following is a summary of the changes in each of their proposals: East West Chanaes • Hotel Rooms: East West increased the number of hotel rooms from 150 to 240 rooms. • Parking: Total public parking increased from 1,399 to 1,528 (excluding public spaces for commercial uses) and 1,621 public parking spaces (including public spaces for cammercia! uses) in their base case scenario. East west also provided an alternative for the Town to invest $10 million 5 of TIF funding to create an additional 240 spaces. The 240 incremental spaces included 138 tandem parking which may not be practical for the public. • Civic Center: Council asked East West to clarify how large the ball room would be with additional parking in their previous proposal. East West reduced the ball room for the conference center to 20,000 square feet. East West is also providing 4,650 sq. ft. of break out meeting space in addition to the ballroom. • Retail: East West did increase their retail area from 31,900 sq. ft. to 37,122 sq. ft.. • Housing: East will locate 30 employee housing units (the developer has designed the units to accommodate two employees) on site and proposed satisfying the remaining housing requirement with a proposal to redevelop Timber Ridge. • Use of public funds: East west is not asking for the use of any TIF, sales tax or other public revenue sources that would normally come to the Town of Vail of offset capital or operational costs. East West would create a metro district(s) to assess a property tax on the private property to help pay for public improvements like other large projects have done in the Town (Arrabelle, Cross Roads). East West does assume that there v it be a $5 million federal grant for the transit center which would be applied to that cost. Total bonding capacity for projected annual TIF generation from the Lionshead project is estimated to be $19 million (on -e conservative side) to $29 million (on the high side). ~°d Partners (OHP) :`:al Qooms: Hotel, condominiums, and fractional uses remained r 'd with OHP January 5 submittal. OHP has 240 hotel rooms. OHP had 1,482 public parking spaces and now is proposing a' .,:paces (excluding public spaces for commercial uses) and 1,689 parking spaces (including public spaces for commercial uses). inter: OHP changed their civic use from amulti-use performing Ming space to a conference space. OHP is proposing to create a ware foot ball room which would work with the break out space ~e two hotels which each have 6,000 square feet of meeting space. • Housing: OHP is proposing to house 21 employees on site. OHP stated that their intent is to also work with the Town to locate off-site housing at Tirr;~er Ridge. OHP as of January 5th did not provide a detailed proposal on their off-site housing plans. • Use of public funds: It is staffs understanding that OHP is proposing to use approximately $12 million of TIF funding to pay for public improvements. The OHP January 5 submittal states "we are prepared to use only 50% of the expected future TIF" that is generated by the project. OHP would also create a metro district(s) to assess a property tax on the property to help pay for public improvements. Total bonding capacity for projected annual TIF generation from the Lionshead project is estimated to be $19 million (on the conservative side) to $29 million (on the high side). 6 IV. SCHEDULE OF PROPOSED NEXT STEPS The following is a series of next steps with several opportunities for public input and involvement. January 5, 2007 Development teams will respond by this date to final questions from the Council and staff. January 5-Feb 20`h EPS will complete a financial critique of the proposals and Rocky Mountain Valuation will complete a 2nd appraisal of the property. February 20, 2007 Presentation of appraisals, financial analysis, and staff recommendation to the Vail Town Council. F:\cdev\COUNCIL\MEMOS\07\LionsheadParking Structure Council Memo020607.doc 7 i MEMORANDUM TO: Vail Town Council FROM: Rachel Friede, Department of Community Development DATE: February 6, 2007 SUBJECT: Second Reading of Ordinance No. 2, Series of 2007 (Housekeeping Ordinance) I. DESCRIPTION OF THE REQUEST The applicant, the Town of Vail, is requesting a second reading of Ordinance 2, Series of 2007, an ordinance to amend Chapter 5-3, Pollution Control; Title 12, Zoning Regulations; Title 13, Subdivision Regulations; and Title 14, Development Standards Handbook, Vail Town Code, for proposed corrections and clarifications to the Vail Town Code, and setting forth details in regard thereto. II. BACKGROUND Staff is proposing text amendments to the Vail Town Code in response to errors identified by the Town's codifier. The Planning and Environmental Commission forwarded a recommendation of approval, with modifications, to the Vail Town Council on January 8, 2007. III. STAFF RECOMMENDATION The Department of Community Development recommends that the Vail Town Council approves the second reading of Ordinance 2, Series of 2007, an ordinance to amend Chapter 5-3, Pollution Control; Title 12, Zoning Regulations; Title 13, Subdivision Regulations; and Title 14, Development Standards Handbook, Vail Town Code, for proposed corrections and clarifications to the Vail Town Code, and setting forth details in regard thereto. Should the Town Council choose to approve Ordinance No. 2, Series of 2007, on second reading, the Department of Community Development recommends the Town Council make the following findings: 1. That the amendments are consistent with the applicable elements of the adopted goals, objectives and policies outlined in the Vail Comprehensive Plan and is compatible with the development objectives of the Town; and 2. That the amendments further the general and specific purposes of Chapter 5-3, Air Pollution Control, Zoning Regulations, Subdivision Regulations and the Development Standards Handbook; and 1 .i 3. That the amendments promote the health, safety, morals, and general welfare of the Town and promote the coordinated and harmonious development of the Town in a manner that conserves and enhances its natural environment and its established character as a resort and residential community of the highest quality. IV. ATTACHMENTS A. Ordinance No. 2, Series of 2007 (Housekeeping Ordinance) 2 Attachment A ORDINANCE N0.2 SERIES OF 2007 (HOUSEKEEPING ORDINANCE) ORDINANCE 2, SERIES OF 2007, AN ORDINANCE TO AMEND CHAPTER 5-3, POLLUTION CONTROL; TITLE 12, ZONING REGULATIONS; TITLE 13, SUBDIVISION REGULATIONS; AND TITLE 14, DEVELOPMENT STANDARDS HANDBOOK, VAIL TOWN CODE, FOR PROPOSED CORRECTIONS AND CLARIFICATIONS TO THE VAIL TOWN CODE, AND SETTING FORTH DETAILS IN REGARD THERETO. WHEREAS, the Planning and Environmental Commission of the Town of Vail has held a public hearing on the proposed amendments in accordance with the provisions of the Vail Town Code of the Town of Vail; and WHEREAS, the Planning and Environmental Commission of the Town of Vail has recommended approval with modifications of these amendments at its January 8, 2007 meeting, and has submitted its recommendation to the Vait Town Council; and WHEREAS, the Planning and Environmental Commission finds that the proposed amendments are consistent with the applicable elements of the adopted goals, objectives and policies outlined in the Vail Comprehensive Plan and are compatible with the development objectives of the Town; and WHEREAS, the Planning and Environmental Commission finds that the proposed amendments further the general and specific purposes of the Zoning Regulations, Subdivision Regulations and the Development Review Handbook; and WHEREAS, the Planning and Environmental Commission finds that the proposed amendments promote the health, safety, morals, and general welfare of the Town and promote the coordinated and harmonious development of the Town in a manner that conserves and enhances its natural environment and its established character as a resort and residential community of the highest quality; and WHEREAS, the Vail Town Council considers it in the interest of the public health, safety, and welfare to adopt these amendments to the Town Code. Ordinance No. 2, Series of 2007 1 NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO, THAT: Section 1. The purpose of this housekeeping ordinance is to clarify text and correct errors in codification in the Vail Town Code. (Text that is to be deleted is IEet}. Text that is to be added is bold. Sections of text that are not amended may be omitted.) Section 2. Chapter 5-3 is hereby amended as follows: 5-3-2; DEFINITIONS: ACCOMMODATION UNIT.• Any room or group of rooms without kitchen facilities designed for or adapted to occupancy by guests and accessible from common corridors, walks, or balconies without passing through another accommodation unit or dwelling unit. CERTIFIED SOLID FUEL BURNING DEVICE: A solid fuel burning device which is certified by the Environmental Protection Agency and by the Air Pollution Control Division of the Colorado Department of Public Health and Environment to produce seven and five-tenths (7.5) grams of particulates per hour or less. This shall include both catalytic and noncatalytic Phase ll stoves as well as pellet burners and any other technology which can be shown to meet these emission criteria. COMMON AREA: The lobby of any "lodge" (as that term is defined in Title 12, Chapter 2 of this Code), the area of any condominium project available for the common use of all the unit owners and restaurants and bars. DWELLING UNIT.• Any room or group of rooms in asingle-family, two-family ormultiple- familydwelling with kitchen facilities designed for or used by one family as an independent housekeeping unit. Employee Housing Unit: A dwelling unit which shall not be owner-occupied, leased or rented for any period less than thirty (30) consecufive days, and shall be occupied by at least one person who is an employee. For the purposes of this definition "employee" shall mean a person who works an average of thirty (30) hours per week or more on a year round basis in Eagle County, Colorado. GAS APPLIANCE: A fully self-contained, Underwriter's Laboratories, Inc., (UL) listed and American Gas Association (AGA) "fireplace" unit which does not require venting through a chimney and which does not permit the use of solid fuel. GAS LOG FIREPLACE: A fireplace as defined below equipped with an AGA and UL listed artificial log unit which is approved for the burning of natural gas. i~ccroi~r~n ninic~ ~ in?~ ~ ?niir• ~1. ES~ . fhic. rh~ni+i~n ~ fell limo omnln von ah~l/ do i-loo marl fn _/ie r+n~ uih~ ~~w~in rrnv-ix , cn-7vrvy'u-~.mun--~crrcrrrcazv-IV .-J F.. .1. SOLID FUEL BURNING DEVICE: Any fireplace, stove, firebox or device intended and/or used for the purpose of burning wood, pulp, paper or other nonliquid or nongaseous fuel. WOOD BURNING FIREPLACE: An open hearth or fire chamber or similar prepared place in which a fire maybe made and which is built in conjunction with a chimney. Ordinance No. 2, Series of 2007 2 { 5-3-3: FIREPLACES AND FUEL BURNING DEVICES RESTRICTED: There shall be no wood burning fireplace and no solid fuel burning device, other than a certified solid fuel burning device, constructed or installed within any dwelling unit, accommodation unit, ~t-ris;t~~ng employee housing unit or common area within the Town. 5-3-4: PERMITTED DEVICES: Certified solid fuel burning devices, gas appliances, and gas log fireplaces shall be permitted to be installed or constructed in dwelling units, accommodation units, restricted dwelling units or common areas subject to the following provisions: A. Dwelling Units: Dwelling units shall contain not more than one certified solid fuel burning device , ' ; ~s ~stianss or in-tl~e a#er-na#+v~not more than two (2) gas log fireplaces. , " , {~j-gcs c,~lianses: B. O^ofrinf^rl Ilui°Ilinly Employee Housing Units: Employee housing units shall contain not more than one gas log fireplac , ' , m^r^ ih.+n ^n° ~M~ M~e C. Accommodation Units: Accommodation units shall not contain certified solid fuel burning devices and not more than one gas fireplace. nr~,-~,-t„e~+~r~ati~~-,~.e . All gas fireplaces located in accommodation units shall be constructed in such a manner that access to the firebox is prohibited except for the purposes of repair and maintenance. A sign shall be placed on each fireplace unit reading: "Caution -Gas Fireplace Only." All gas log fireplaces and gas appliances in accommodation units shall be equipped with a timing device or a thermostat which shall cause an automatic shutoff of the fire for safety and conservation purposes. D. Common Area: Any common area shall contain not more than one certified solid fuel burning device, or i^ ^'~°r.,,,fi„° one gas log fireplace, e;-R,~-ti u!fcr^wf':~c c^° 5-3-5: NONCONFORMING DEVICES, FIREPLACES AND APPLIANCES: A. Preexisting Devices: 1. Nonconforming solid fuel burning devices, certified solid fuel burning devices, wood burning fireplaces, gas appliances and gas log fireplaces, lawfully constructed or installed prior to the effective date hereof, may continue, subject to any limitations or restrictions contained in this Section. 2. Any certified solid fuel burning devices, gas appliances and gas log fireplaces lawfully designed and for which a completed Design Review Board application was received by the Department of Community Development prior to August 15, 1991 maybe installed or constructed subject to any limitations or restrictions contained in this Section. B. Consolidated Dwelling Units To Comply: If one or more separate conforming or nonconforming dwelling units, ' g employee housing units or accommodation units are combined to form one larger dwelling, employee housing unit r^c~fr~,_or accommodation unit, the newly formed unit shall comply in all respects with the provisions of this Chapter. C. Moved Or Altered Fireplaces To Comply: No existing wood burning fireplace shall be moved or structurally altered, unless it is modified in such a manner that it complies with all the provisions of this Chapter. D. Restored Units To Comply: Whenever any dwelling unit, accommodation unit, r°cfrinf°rl rl~.i°, employee housing unit or common area is substantially demolished Ordinance No. 2, Series of 2007 3 4 or destroyed, whether by the intent of its owner or lessee, or by natural disaster, if such dwelling unit, accommodation unit, ~°°;,ti~~ employee housing dwelling unit or common area is restored or reconstructed, it shall meet all the provisions of Phis Chapter. Section 3. Section 12-10-10 is hereby amended as follows: B. Schedule B applies to all properties outside Vail's "commercial core areas" (as defined on the town of Vail core area parking maps I and ll, incorporated by reference and available for inspection in the office of the town clerk): Use ~ Parking Requirements ccommodation unit 0.4 space per accommodation unit, plus 0.1 space per each 100 square feet of gross residential floor area, with a maximum of 1.0 space per unit Banks and financial 1 space per 200 square feet of net floor area institutions Eating and drinking ~ ~ 1 space per 120 square feet of seating floor area establishments Fractional fee club unit 0.7 space per fractional fee club unit. Hotels with conference facilities or meeting rooms 0.7 space per fractional fee club unit, plus 1.0 space per 330 square feet of seating floor area devoted to conference facilities or meeting rooms Hospitals I ~ 1 space per patient bed, plus 1.0 space per 150 square feet of net floor area Limited service lodge unit ~ ~0.7 space per limited service lodge unit Medical and dental offices I ~ 1 space per 200 square feet of net floor area Multiple-family dwellings I (/f a dwelling unit's gross residential floor area is 500 I square feet or less: 1.5 spaces If a dwelling unit's gross residential floor area is more than 500 square feet, but less than 2,000 square feet: 2 spaces I/f a dwelling unit's gross residential floor area is 2,000 square feet or more: 2.5 spaces (Other professional and (I 1 space per 250 square feet of net floor area business offices Quick service 1.0 space per each 200 square feet of net floor area for food/convenience stores the first 1,000 square feet of net floor area: 1.0 space per 300 square feet for net floor area above 1,000 square feet (Recreational facilities, public) I Parking requirements to be determined by the planning or private and environmental commission Ordinance No. 2, Series of 2007 4 r (Retail stores, personal I I1 space per each 300 square feet of net floor area services and repair shops Single-family and two-family I ~lf a dwelling unit's gross residential floor area is less than dwellings 2,000 square feet: 2 spaces If a dwelling unit's gross residential floor area is 2,000 square feet or more, but less than 4, 000 square feet: 3 spaces If a dwelling unit's gross residential floor area is 4, 000 square feet or more, but less than 5, 500 square feet: 4 spaces Ilf a dwelling unit's gross residential floor area is 5, 500 square feet or more: 5 spaces Theaters, meeting rooms, I I 1 space per 120 square feet of seating floor area convention facilities Timeshare units 0.7 space per timeshare unit. Hotels with conference facilities or meeting rooms 0.7 space per timeshare unit, plus 1.0 space per 330 square feet of seating floor area devoted to conference facilities or meeting rooms ~ny use not listed ~ I Parking requirements to be determined by the planning and environmental commission Section 4. Subarticle 12-8D-2 is hereby amended as follows: 12-8D-2: PERMITTED USES: E. Outside Of Lodge: The following uses shall be permitted outside the main base lodge and children's ski school buildings as shown on the approved development plan zoned ski base/recreation ~-district: Section 5. Section 12-13-4 is hereby amended as follows: 12-13-4: REQUIREMENTS BY EMPLOYEE HOUSING UNIT (EHU) TYPE: EHU Zoning Districts Ownership/ Additional Additional Site Garage Credit/ Parking Minimum/ Density Permitted By Right Or Transference GRFA Coverage /Reduced Storage Requirement Maximum GRFA By Conditional Use Landscape Area Of An EHU Ordinance No. 2, Series of 2007 5 z Type Permitted Use: The EHU may be The EHU Site Coverage: Allowed 300 square Per Per zone district Counts as I Primary/secondary sold or transferred is entitled The site is entitled feet of garage area chapter second unit residential as separate unit on to an to an additional S per enclosed vehicle 10 of this on property. Two family residential the property. additional percent of site space at a maximum title as a (All with lots less than (Previously required S50 square coverage for EHU. of 2 parking spaces dwelling 14,000 square feet) deed restriction on feet. Landscaped Area: (600 square feet). unit. both units to allow The site is entitled All units not sale.) to a reduction of constructed with a landscape area by S garage shall be percent (reduced to required a minimum SS percent of site 75 square feet of area) for EHU. storage area in addition to normal closet space. This 7S square feet shall be a credit for storage only. Type Conditional Use: Tl:e EHU shall not The EHU n/a Allowed 300 square Per 300 square feet Allowed as II Single family residential be sold or is entitled feet of additional chapter minimum. third unit on Two family residential transferred to an garage area for the 10 of this 1,200 square feet property. Primary/secondary separately from the additional EHU. title as a maximum. Does not residential zone districts unit it is associated SSO square All units not dwelling count as meeting minimum lot with. feet. constructed with a unit. density. size requirements garage shall be Agriculture and open required a minimum space 75 square feet of storage area in . addition to normal closet space. This 75 square feet shall be a credit for storage only. Type Permitted Use: The EHU may be Per n/a n/a Per A. Dwelling Unit Not counted III Lionshead mixed use 1 sold or transferred section 12- chapter Format.• as density. Lionshead mixed use 2 separately. 1 S-3 of 10 of this 300 square feet Housing this title, title. minimum. Conditional Use: type III 1,200'square feet Residential cluster erttployee maximum. Low density multiple- housing B. Dormitory family units are Format: Mediu»t density excluded 200 square feet multiple family from the minimum. High density multiple- calculatio S00 square feet family n of maximum. Public accommodation GRFA. Dormitory format Public Accommodation may consist of 2 several bedrooms Commercial core 1 sharing common Commercial core 2 kitclten and Commercial core 3 bathing facilities Contrnercial service in a variety of center formats or Arterial business arrangements, in Parking district which case may General use exceed the S00 Ski base/recreation square Ordinance No. 2, Series of 2007 6 3 Type Any dwelling unit may The EHU ntay only Shall be n/a Shall be determined Per Shall be Shall be IV be designated and deed be sold or determined by zoning on property. chapter determined by determined restricted as a type IV transferred by zoning 10 of this zoning on by zoning on employee housing unit, separately. on title as a property. property. unless already property. dwelling designated as an unit. employee housing unit. Type Permitted Use: The EHUshall not The EHU n/a The EHU is not Per 1,200 square feet Counts as V Hillside residential be sold or is not entitled to additional chapter maximum. second unit transferred entitled to garage area credit. 10 of this on property. separately from the additional title as a unit it is associated GRFA. dwelling with. unit. Type Conditional Use: As governed by the Allowable Allowable site Requirements shall be Per Allowable GRFA Allowable VI Housing management plan. GRFA coverage and determined by the chapter shall be density shall Shall not be shall be landscape area planning and 10 of this determined by the be subdivided or determined shall be determined environmental title or planning and determined divided into any by the by the planning and commission. as environmental by t{te form of timeshares, planning environmental required commission. planning interval ownership, and commission. by the and envirott- orfractional fee. environnte planning mental ntal attd commission. commissio envirort- n, mental commissi on. Section 6. Section 13-8-1 is hereby amended as follows: 13-8-1: APPROVAL AND SUBMITTAL REQUIREMENTS: B. Submittal Requirements: 1. Site Map; Statement.' Two (2) Mylar copies of the duplex subdivision plat shall be submitted fo the department of community development. Section 7. Section 13-9-1 is hereby amended as follows: 13-9-1: APPROVAL AND SUBMITTAL REQUIREMENTS: B. Submittal Requirements: 1. Site Map; Statement: Two (2) Mylar copies of the subdivision plat shall be submitted to the department of community development. s a s;#e-r?aap•~s Section 8. Subsection 13-10-5-3 is hereby amended as follows: 13-10-5-3: EXCAVATIONS: F. Street Cleaning: When any earth, gravel, or other excavated material is caused to roll, flow or wash upon any street, the permittee shall cause the debris to be removed from the street by the end of the workday e?epesit. In the event the earth, gravel, or other excavated material so deposited is not Ordinance No. 2, Series of 2007 7 c removed, the Engineer shall cause such removal and the cost incurred shall be paid by the permittee or deducted from his/her bond. Section 9. Chapter 13-11 is hereby amended as follows: Chapter 13-11: Sample Certificates and Plat Notes Section 13-11-12: Plat Notes A. Floodplain Plat Nofe: The following plat note shall be added to plats that delineate 100 Year Floodplain data: "The 100 Year Floodplain line as shown hereon is based on the Town of Vail adopted FEMA Floodplain Study or the best available Floodplain data as approved by the Town of Vail Floodplain Administrator. For future reference, the 100 Year Floodplain line as shown shall be verified for consistency with the currently adopted version of the FEMA Floodplain Study." Section 10. Section 14-10-11 is hereby amended as follows: 14-10-11: SATELLITE DISH ANTENNAS: C. Compliance With Requirements: 9. Due to the special aesthetic importance of the core areas of the town, exterior installations of satellite dish antennas in commercial cores 1 and 2 and in Lionshead mixed use 1 and 2 shall be permitted only if screened by some type of enclosing structure. Said structures required to enclose a satellite dish antenna in these areas shall comply with all applicable zoning regulations and shall be architecturally compatible with the existing structure. Section 11. Chapter 14-8 is hereby amended as follows: Ordinance No. 2, Series of 2007 8 8. Summary of Zoning Setback and Development Limitations. This section (Table 8) specifies site development standards for all Zoning Districts in the Town of Vail. These standards shall be considered the minimum standards. When two or more standards conflict, the more restrictive standard shall apply. Additional and special standards may exist in accordance with Title 12, Zoning Regulations. Table 8: Summary of Zoning Setback and Development Limitations Zone Districts Max. EHU Min. Min. Deck Min. Deck Max. Max. Site Min. Min. Lot Min. Min. Max. Parking and Density Allowance Building (ground level) (not ground level) Architectur Coverage Landscape Size Frontage Sq. Building Loading Location Setbacks Setback Setback al Area (buildable Area Height Projection area in Into sq ft) Setback Residential Districts HR ~ 2 units 1 Type IV 20' front May project not May project not 4' 15% 70% 21,780 50' 80' x 30' flat See Title 12, Hillside per lot or V per lot 15' rear more than the more than the lesser 80' or Chapter 10, Residential (units may as a 15' sides lesser of 10' or of 5' or 'h the mansard 1~~4anisi$al Vail not be sold pemutted the required required setback roof Town Code separately) use setback 33' sloping roof SFR 1 unit per 1 Type II 20' front May project not May project not 4' 20% 60% 12,500 30' 80' x 30' flat See Title 12, Single Family lot per lot as a 15' rear more than the more than the lesser 80' or Chapter 10, Residential conditional 15' sides lesser of 10' or of 5' or '/z the mansard #Ituriag~l Vail use the required required setback roof Town Code setback 33' sloping roof R & P/S 2 units per Type I 20' front May project not May project not 4' 20% 60% 15,000 30' 80' x 30' flat See Title 12, Two-Family lot Type IV as 15' rear more than the more than the Lesser 80' or Chapter 10, Residential & a 15' sides lesser of 10' or '/2 of 5' or 'h the mansard 1~~4eniei~I Vail Two Family permitted the required required setback roof Town Code Primary/ use, ~1-Type setback 33' Secondary II per lot as sloping a roof conditional use Ordinance No. 2, Series of 2007 9 RC 6 units per Type IV as 20' front May project not May project not 4' 25% 60% 15,000 30' 80' x 30' flat No parking in Residential acre a 15' rear more than the more than the lesser (min. 80' or front setback. Cluster permitted 15' sides lesser of 10' or '/z of 5' or %2 the 8,000 of mansard At least 1 parking use, Type the required required setback buildable roof space per unit III setback area) 33' shall be located ~ sloping within the main as a roof building(s) or conditional accessory garage. use LDMF 9 units per Type IV as 20' front May project not May project not 4' 35% 40% 10,000 30' 80' x 35' flat No parking in Low Density acre permitted 20' rear more than the more than the lesser 80' or front setback. Multiple Family use Type 20' sides lesser of 10' or '/z of 5' or the mansard III the required required setback roof ~ setback 38' as a sloping conditional roof use MDMF 18 units per Type IV as 20' front May project not May project not 4' 45% 30% 10,000 30' 80' x 35' flat No parking or Medium acre a 20' rear more than the more than the lesser 80' or loading in front Density permitted 20' sides lesser of 10' or 'h of 5' or 'h the mansard setback. Multiple Family use, Type the required required setback roof 50% of parking III setback 38' shall be located ~ sloping in main as a roof building(s) & conditional hidden from use public view or shall be completely hidden from public view from adjoining properties within a landscape • berm. Ordinance No. 2, Series of 2007 10 HDMF 25 units per Type IV as 20' front May project not May project not 4' S5% 30% 10,000 30' 80' x 45' flat No parking in High Density acre a 20' rear more than the more than the lesser 80' or front setback. Multiple Family permitted 20' sides lesser of 10' or '/z of 5' or 'h the mansard 75% of parking use, Type the required required setback roof shall be located III setback 48' in main Tie-I-V sloping building(s) & as a roof hidden from conditional public view or use shall be completely hidden from public view from adjoining properties within a landscape berm. H Subject to Deed 20' 4' S5% and 30% Prescribed Prescrib Prescri Prescribe No parking or Housing PEC and in restricted front up to by PEC ed by bed by d by loading in any conjunction employee 20' rear 75% at PEC PEC PEC setback. A with EHUs housing 20' sides discretion parking units of PEC management permitted Variatio with plan is required use, Type ns may undergro and shalt be IV as a be and approved by the conditional approve parking PEC. Off street use d by parking shall be PEC provided in accordance with Chapter 12-10, Vail Town Code, unless a need for fewer parking spaces can be demonstrated in accordance with Article 12-6I. Ordinance No. 2, Series of 2007 11 Zone Max. EHU Min. Min. Deck Min. Deck Max. Max. Site Min. Min. Min. Min. Max. Building Parking and Loading Districts Density Allowance Building (ground (not ground Architectura Coverage Landscape Lot Size Frontage Square Height Location Setbacks level) level) Setback 1 Area (buildab Area Setback Projection le area) Into Setback Commercial Districts PA 25 units per Type IV as 20' front May project May project 4' 65% 30% 10,000 30' 80' x 80' 45' flat or No parking/loading Public acre a 20' rear not more than not more than 3-~% s.f. mansard roof in front setback. Accommo- permitted 20' sides the lesser of the lesser of 5' 48' sloping roof 75% of parking shall dation use, Type Variations 10' or '/z the or '/2 the be located in main III maybe required required building(s) &hidden T3q~e-IV approved setback setback from public view as a by PEC conditional and/or use DRB CC1 25 units per Type IV as None* N/A N/A N/A 80%* No 5,000 30' N/A 33' - 60% of No parking shall be Commercial acre a reduction s.f. building provided on-site. Core 1 permitted in existing 43' - 40% of use, Type landscapin building * No loading in front III g unless setback. ~ sufficient as a cause conditional shown* use CC2 25 units per Type IV as 10' front May project May project 4' 70%*~ 20%*~ 10,000 30' 80' x 80' 45' flat and No parking or Commercial acre a 10' rear not more than not more than s.f. mansard roof loading in front Core 2 permitted 10' sides*-* the lesser of the lesser of 5' 48' sloping setback. use, Type 10' or '/2 the or YZ the roof** III required required 50% of parking shall hype-I-V setback setback be located in main as a building(s). conditional use Ordinance No. 2, Series of 2007 12 CC3 12 units per Type IV as 20' to May project May project 4' 40% 25% 25,000 100' N/A 35' flat or No parking or Commercial acre a p~ not more than not more than s.f. mansard roof loading in front Core 3 permitted on exterior the lesser of the lesser of 5' 38' sloping roof setback. use, Type boundaries 10' or the or 'h the III of zone required required ~ district setback setback as a lies conditional use CSC 18 units per Type III 20' front May project May project 4' 75% 20% 20,000 100' N/A 35' flat or No parking or Commercial acre T3g3e4-~ 20' rear not more than not more than s.f. mansard roof loading in front Service as a 20' sides the lesser of the lesser of 5' 38' sloping roof setback. Center conditional 10' or 'h the or the use required required 50% of parking shall setback setback be located in main building(s). LMU-1 35 units Type IV as 10' all May project May project 4' 70% 20% 10,000 none N/A 71' average 50% of parking must Lionshead per acre a not more than not more than s.f. 82.5' max. be located within the Mixed Use or 33% permitted the lesser of the lesser of 5' main building or 1 increase use~e 10' or '/2 the or 'h the buildings over III required required existing u setback setback units on as-a property Eend}tiexal ~tse LMU-2 35 units Type IV as 10' all May project May project 4' 70% 20% 10,000 none N/A 71' average 50% of parking must Lionshead per acre a not more than not more than s.f. 82.5 max be located within the Mixed Use 33% permitted the lesser of the lesser of 5' main building or 2 increase us , 10' or '/2 the or the buildings over III required required existing 4=}T~ It'- setback setback units on as-a property ee~tieaal ase Ordinance No. 2, Series of 2007 13 ABD 25 units per Type III 15' front May project May project 4' 60% 25% 25,000 100' N/A 32' (up to 70% of No parking or loading Arterial acre ~eq-V 60% not more than not more than s.f. roof) in front setback. Business as a along S. the lesser of the lesser of 5' 40' (other portion conditional Frontage Rd 10' or 'h the or '/2 the of the roof) use 20' for required required remaining setback setback Min. slope shall 40%) be 3:12 15' side 10% of roof may (bldg ht < be flat 20') 20' side (bldg ht >20') 10' rear HS N/A N/A 20' front May project May project 4' 75% 10% 10,000 50' N/A 35' flat or No parking or loading Heavy 20' rear not more than not more than s.f. mansard roof in front setback. Service 20' sides the lesser of the lesser of 5' 38' sloping roof Underground parking 10' or '/z the or '/z the maybe in setback. required required setback setback PA-2 25 units Type N as 20' front May project May project 4' 65% 30% 10,000 30' 80' x 80' 45' flat or No parking/loading Public per acre a permitted 20' rear not more not more than s.f. mansard roof in front setback. Accommo- use, Type 20' sides than the the lesser of 5' 48' sloping roof 75% of parking dation III as a Variations lesser of 10' or the ~ shall be located in conditional may be or the required main building(s) & use approved required setback hidden from public by PEC setback view and/or DRB Ordinance No. 2, Series of 2007 14 Zone Districts Max. EHU Min. Min. Deck Min. Max. Max. Min. Min. Lot Min. Min. Max. Building Parking and Loading Density Allowan Building (ground level) Deck Architectu Site Landscape Size Frontag Square Height Location ce Setbacks Setback (not ral Coverag Area (buildabl e Area ground Projection e e area) level) Into Setback Setback Open Space and Recreation Districts A 1 unit 1 Type II 20' front May project May project 4' S% N/A 35 acres N/A N/A 30' flat or mansard No parking in any Agricultural per 35 as a 15' rear not more than not more than (1 acre roof setback. and Open acres condition 15' sides the lesser of 10' the lesser of 5' buildable) 33' sloping roof Space al use or 'h the or'/: the required required setback setback OR N/A N/A 20' front May project May project 4' S% As N/A N/A N/A 21' flat or mansard See Title 12, Outdoor 20' rear not more than not more than detemuned roof Chapter 10, Recreation 20' sides the lesser of 10' the lesser of 5' by the 24' sloping roof dal Vail (except as or'/x the or'h the Design Town Code. maybe required required Review further setback setback Board restricted by the PEC in conjunction with a conditional use permit) NAP N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A SetbyPEC Natural Area Preservation SBR 1 unit Type III Set by PEC ~6 ~et~3t-P-€G Set by Set by Set by PEC 40 acres N/A N/A 35' (60% of building Set by PEC per 8 as a May project May project PEC PEC (1 acre coverage) Ski Base acres condition not more than not more than buildable) Recreation al use the lesser of the lesser of 40' (40% of building ~ r- r' 10' or'/: the 5' or %z the coverage) required required setback setback Ordinance No. 2, Series of 2007 15 SBR-2' 8 units Type III Set by PEC May project May project 4' Set by Set by PEC 10,000' N/A N/A 43'* 95% of parking per as a not more than not more than PEC shall be located Ski Base ace condition the lesser of the lesser of within the main Recreation 2 al use 10' or the 5' or the building(s) required required setback setback Zone Districts Max. EHU Min. Min. Min. Max. Max. Site Min. Min. Lot Min. Min. Max. Parking and Density Allowance Building Deck Deck Architecture Coverage Landscape Size Frontage Square Building Loading Setbacks (ground (not 1 Area (buildable Area Height Location level) ground Projection area) Setback level) Into Setback Setback Special and Miscellaneous Districts P NJA Type III N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A See Title 12, Parking Type IV Chapter 10, as a conditional Mug=~=Pal use Vail Town Code. GU Set by Type III Set by PEC May May 4' Set by PEC Set by PEC Set by PEC Set by Set by Set by PEC Set by PEC General Use PEC Type IV project project not PEC PEC as a conditional not more more than use than the the lesser lesser of of 5' or''/2 10' or %2 the the required required setback setback SDD Set by Set by Council Set by Set by Set by Set by Set by Council Set by Set by Set by Set by Set by Set by Special Council Council Council Council Council Council Council Council Council Council Council Development District `unless otherwise designated by the Vail Village Urban Design Cuide Plan and Design Considerations unless otherwise designated by the Lionshead Redevelopment Master Plan Ordinance No. 2, Series of 2007 16 4 Section 12. If any part, section, subsection, sentence, clause or phrase of this ordinance is for any reason held to be invalid, such decision shall not effect the validity of the remaining portions of this ordinance; and the Town Council hereby declares it would have passed this ordinance, and each part, section, subsection, sentence, clause or phrase thereof, regardless of the fact that any one or more parts, sections, subsections, sentences, clauses or phrases be declared invalid. Section 13. The Town Council hereby finds, determines and declares that this ordinance is necessary and proper for the health, safety and welfare of the Town of Vail and the inhabitants thereof. Section 14. The amendment of any provision of the Town. Code as provided in this ordinance shall not affect any right which has accrued, any duty imposed, any violation that occurred prior to the effective date hereof, any prosecution commenced, nor any other action or proceeding as commenced under or by virtue of the provision amended. The amendment of any provision hereby shall not revive any provision or any ordinance previously repealed or superseded unless expressly stated herein. Section 15. All bylaws, orders, resolutions and ordinances, or parts thereof, inconsistent herewith are repealed to the extent only of such inconsistency. This repealer shall not be construed to revise any bylaw, order, resolution or ordinance, or part thereof, theretofore repealed. INTRODUCED, READ ON FIRST READING, APPROVED, AND ORDERED PUBLISHED ONCE IN FULL ON FIRST READING this 16th day of January, 2007, and a public hearing for second reading of this Ordinance set for the 6th day of February, 2007, at 6:00 P.M. in the Council Chambers of the Vail Municipal Building, Vail, Colorado. Rodney E. Slifer, Mayor ATTEST: Lorelei Donaldson, Town Clerk Ordinance No. 2, Series of 2007 17 a INTRODUCED, READ, ADOPTED AND ENACTED ON SECOND READING AND ORDERED PUBLISHED IN FULL this 6th day of February, 2007. Rodney E. Slifer, Mayor ATTEST: Lorelei Donaldson, Town Clerk Ordinance No. 2, Series of 2007 18 1• MEMORANDUM TO: Vail Town Council FROM: Department of Community Development DATE: February 6, 2007 SUBJECT: Second Reading of Ordinance 3, Series of 2007 (Wildfire Roofing Ordinance) I. PURPOSE The applicant, the Town of Vail, is requesting a second reading of Ordinance 3, Series of 2007, an Ordinance to amend Chapters 14-2, Definitions, and 14-10, Design Review Standards and Guidelines, Vail Town Code, to create wildfire regulations, require Class A roof assemblies or Class A roof coverings for all structures within the Town of Vail, and setting forth details in regard thereto. Staff will also review an addition made to Ordinance No. 3, Series of 2007, which adds an applicability section to the text amendments in order to clarify when the regulations are required. II. STAFF RECOMMENDATION The Department of Community Development recommends the Vail Town Council approves Ordinance No. 3, Series of 2007, on second reading to amend Chapter 14-2: Definitions, and Chapter 14-10: Design Review Standards and Guidelines, Vail Town Code, to create wildfire regulations that require Class A roof assemblies or Class A roof coverings for all structures within the Town of Vail, and setting forth details in regard thereto. Staff's recommendation is based upon the review of the criteria noted in Section VI of the December 11, 2006 Planning and Environmental Commission memorandum and the evidence and testimony presented. Staff recommends the Vail Town Council approve Ordinance No. 3, Series of 2007 on second reading. Should the Town Council choose to approve Ordinance No. 3, Series of 2007, on second reading, the Department of Community Development recommends the Town Council make the following findings: 1. That the amendments are consistent with the applicable elements of the adopted goals, objectives and policies outlined in the. Vail Comprehensive Plan and is compatible with the development objectives of the Town, and 2. That the amendments further the general and specific purposes of the Development Standards Handbook; and 3. That the amendments promote the health, safety, morals, and general welfare of the Town and promote the coordinated and harmonious development of the Town in a manner that conserves and enhances its natural environment and its established character as a resort and residential community of the highest quality. 1 II1. ATTACHMENTS A. Ordinance No. 3, Series of 2007 B. Email response to Gwen Scalpetlo dated January 25, 2007 2 Attachment A ORDINANCE N0.3 SERIES OF 2007 ORDINANCE NO. 3, SERIES OF 2007, AN ORDINANCE AMENDING CHAPTER 14-2: DEFINITIONS, AND CHAPTER 14-10: DESIGN REVIEW STANDARDS AND GUIDELINES, VAIL TOWN CODE TO CREATE WILDFIRE REGULATIONS AND REQUIRE CLASS A ROOF ASSEMBLIES OR CLASS A ROOF COVERINGS FOR ALL STRUCTURES IN THE TOWN OF VAIL, AND SETTING FORTH DETAILS IN REGARD THERETO. WHEREAS, the Planning and Environmental Commission of the Town of Vail has held public hearings on the proposed amendments in accordance with the provisions of the Vail Town Code of the Town of Vail; and WHEREAS, the Planning and Environmental Commission of the Town of Vail has recommended approval of these amendments at its December 11, 2006 meeting, and has submitted its recommendation to the Vail Town Council; and WHEREAS, the Planning and Environmental Commission finds that the proposed amendments are consistent with the applicable elements of the adopted goals, objectives and policies outlined in the Vail Comprehensive Plan and are compatible with the development objectives of the Town; and WHEREAS, the Planning and Environmental Commission finds that the proposed amendments further the general purpose of the Development Review Handbook; and WHEREAS, the Planning and Environmental Commission finds that the proposed amendments promote the health, safety, morals, and general welfare of the Town and promote the coordinated and harmonious development of the Town in a manner that conserves and enhances its natural environment and its established character as ~a resort and residential community of the highest quality; and WHEREAS, the Vail Town Council finds that these amendments to the Vail Town Code will aid in the prevention of loss of life and property, and will aid in the spread of wildfires; and WHEREAS, the Vail Town Council considers it in the interest of the public health, safety, and welfare to adopt these amendments to the Town Code. Ordinance No. 3, Series of 2007 1 NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO, THAT: Section 1. The purpose of this wildfire ordinance is to reduce the risk of spreading wildfire by amending Title 14, Vail Town Code, to require Class A roof assemblies or Class A roof coverings for all structures in the Town of Vail. (Text that is to be deleted is strisl~en. Text that is to be added is bold. Sections of text that are not amended may be omitted.) Section 2. Chapter 14-2 (in part) is hereby amended as follows: DEFENSIBLE SPACE: An area around structures where non-FireWise plant material capable of causing a fire to spread have been modified, cleared, or reduced to act as a barrier between an advancing fire and resources or lives at risk. FIREWISE PLANT MATERIALS: As outlined in the latest version of Colorado State Forest Service publication #6.305, "FireWise Plant Materials." ROOF ASSEMBLY: A system designed to provide weather protection and resistance to design loads. The system consists of a roof covering and roof deck or a single component serving as both the roof covering and roof deck. A roof assembly includes the roof deck, vapor retarder, substrate or thermal barrier, insulation, vapor retarder and roof covering. ROOF COVERING: The covering applied to the roof deck for weather resistance, fire classification, or appearance. Section 3. Section 14-10-3 is hereby amended as follows: 3. Site Planning: C. Removal of trees, shrubs, and other native vegetation shall be limited to removal of those essential for development of the site,-er those identified as diseased or those essential for creating defensible space. Mitigation maybe required for tree removal. Section 4. Section 14-10-5 is hereby amended as follows: 5. Building Materials and Design: A. The use of noncombustible building materials and designs intended to prevent the spread of fire are highly encouraged. Predominantly natural building materials shall be used within the Town of Vail. The exterior use of wood, wood siding, weed-singles, native stone, brick, concrete, stucco, and EIFS maybe permitted. Concrete surfaces, when permitted, shall be treated with texture and color; however, exposed aggregate is more acceptable than raw concrete. The exterior use of the following siding materials shall be prohibited: stucco or EIFS with gross textures or surface features that appear to imitate other materials, simulated stone, simulated brick, plastic and vinyl. s~^'a,:-„et-be~ermitt°^'. rh„ „f ~:rv,,.~-,+,,,+ Ordinance No. 3, Series of 2007 2 t The exterior use of any building material, including those not specifically identified by this Section, shall only be permitted, unless otherwise prohibited by this Code, where the Design Review Board finds: a. that the proposed material is satisfactory in general appearance, quality over time, architectural style, design, color, and texture; and, b. that the use of the proposed material complies with the intent of the provisions of this Code; and, c. that the use of the proposed material is compatible with the structure, site, surrounding structures, and overall character of the Town of Vail.-; and, d. that the material is noncombustible or aids in the prevention of fires. D. The majority of roof forms within Vail are gable roofs with a pitch of at least four feet (4) in twelve feet (12'). However, other roof forms are allowed. Consideration of environmental and climatic determinants such as snow shedding, drainage, fire safety and solar exposure should be integral to the roof design. F. All structures shall have Class A roof assemblies or shall have Class A roof covering materials, as defined by the adopted building code. The use of ~veee! fie, concrete tile, slate, metal, asphalt shingle, fiberglass shingle, and built-up tar and gravel roofing maybe permitted. Metal roofing, when permitted, shall not reflect direct sunlight onto an adjacent property and shall be surfaced with slow-gloss finish or be capable of weathering to a dull finish. Metal roofing, when permitted, shall be of a heavy gauge and designed to provide visual relief to the roof surface (including but not limited to a standing seam). Asphalt and fiberglass shingles, when permitted, shall weigh no less than three hundred (300) pounds per roofing square. The use of wood shake, wood shingles and rolled roofing shall not be permitted. 1. Applicability: The provisions of this subsection shall apply to new construction, re-roofing, utilization of the 250 Ordinance, per Section 12-15-5, and all additions except those exempt, per Subsection 12-11-3C-2. 2. The use of any roofing material, including those not specifically identified by this Section, shall only be permitted, unless otherwise prohibited by this Code, where the Design Review Board finds: a. that the proposed material is satisfactory in general appearance, quality over time, architectural style, design, color, and texture; and, b. that the use of the proposed material complies with the intent of the provisions of this Code; and, c. that the use of the proposed material is compatible with the structure, site, surrounding structures, and overall character of the Town of Vail.-; and, d. that the material is noncombustible or aids in the prevention of fires. Section 5. Article 14-10-8 is hereby amended as follows: 8. Landscaping, Drainage, and Erosion Control: A. Various natural vegetation zones exist within the Gore Valley as a result of the form Ordinance No. 3, Series of 2007 3 t and aspects of the land itself. The north facing slopes within the valley are typically heavily wooded with spruce, pine and aspen and generally receive less direct sunlight than the drier south facing slopes which typically consist of sage, aspen and other vegetation tolerant of drier conditions. The valley floor which is adjacent to Gore Creek consists of a wide variety of trees and shrubs adapted to the relatively fertile soil and natural availability of water. The goal of any landscape plan should be to preserve and enhance fhe natural landscape character of the area in which it is to be located and serve as an aid in fire prevention and protection. The landscape scale and overall landscape design sha?I be developed so that new vegetation is integral with the natural landscape and the inherent form line, color and texture of the local plant communities. Since the major objective of the landscaping is to help reduce fhe scale of new structures and to assist in the screening of structures, the planting of large sized plant materials is encouraged. FireWise plant materials are encouraged due to their ability to resist fire. Trees should be maintained through limbing and pruning in order fo prevent limbs from being too close to structures and other plant materials. Special care should be taken in selecting the types of plants to use when designing a landscape plan. Final selection should be based upon the soils and climate, ease of establishment, suitability for the specific use desired, ability to deter the spread of fires and the level of maintenance that can be provided. New planting shall use plants that are indigenous to the Rocky Mountain alpine and sub-alpine zones or as capable of being introduced into these zones. A recommended list of plant materials, some indigenous to the Vail area, is on file with the Department of Community Development. Also indicated on the list are FireWise plant materials erna~»er~~which are suitable for planting within the Vail area. The minimum sizes of landscape materials acceptable are as follows: Section 6. If any part, section, subsection, sentence, clause or phrase of this ordinance is for any reason held to be invalid, such decision shall not effect the validity of the remaining portions of this ordinance; and the Town Council hereby declares it would have passed this ordinance, and each part, section, subsection, sentence, clause or phrase thereof, regardless of the fact that any one or more parts, sections, subsections, sentences, clauses or phrases be declared invalid. Section 7. The Town Council hereby finds, determines and declares that this ordinance is necessary and proper for the health, safety and welfare of the Town of Vail and the inhabitants thereof. Section 8. The amendment of any provision of the Town Code as provided in this ordinance shall not affect any right which has accrued, any duty imposed, any violation that occurred prior to the effective date hereof, any prosecution commenced, nor any other action or proceeding as commenced under or by virtue of the provision amended. The amendment of any Ordinance No. 3, Series of 2007 4 J provision hereby shall not revive any provision or any ordinance previously repealed or superseded unless expressly stated herein. Section 9. All bylaws, orders, resolutions and ordinances, or parts thereof, inconsistent herewith are repealed to the extent only of such inconsistency. This repealer shall not be construed to revise any bylaw, order, resolution or ordinance, or part thereof, theretofore repealed. INTRODUCED, READ ON FIRST READING, APPROVED, AND ORDERED PUBLISHED ONCE IN FULL ON FIRST READING this 16th day of January, 2007 and a public hearing for second reading of this Ordinance set for the 6th day of February, 2007, at 6:00 P.M. in the Council Chambers of the Vail Municipal Building, Vail, Colorado. Rodney E. Slifer, Mayor ATTEST: Lorelei Donaldson, Town Clerk INTRODUCED, READ, ADOPTED AND ENACTED ON SECOND READING AND ORDERED PUBLISHED IN FULL this 6th day of February, 2007. Rodney E. Slifer, Mayor ATTEST: Lorelei Donaldson, Town Clerk Ordinance No. 3, Series of 2007 5 Page 1 of 3 Attachment B 1 Rachel Friede -Roofing Regulation From: Rachel Friede To: gscalpello@attglobal.net Date: 01/25/2007 8:56 AM Subject: Roofing Regulation Gwen- Please see my responses below. Portions of your email are italicized and my responses are in bold. If you would like to schedule an appointment to discuss my responses, please call me at 970-479-2440 or email me with times you are available to meet. - I have studied the design guidelines in the Town of I/ail code, and this is the only CODE issue I can find directly inserted into the design guidelines and thus puts the DRB in the position of enforcing CODE issues as well as design issues. The DRB regularly reviews facades and windows, but they don't have to pull out their scales to ensure the windows meet egress requirements; that is .the responsibility of others Roof assemblies should be the same. If by Code, you mean Building Code issue, then yes, this is generally the only Building Code issue in the Development Standards Handbook. However, the Development Standards Handbook (Title 14) also includes many Public Works engineering requirements such as driveway turnarounds, width of parking spaces, etc that the DRB does not enforce or even comment on. For the roofing requirement (which requires EITHER Class A roof assembly OR Class A roof covering), we want to ensure that applicants understand what the requirements are, and putting those requirements in the Roofing Section of Title 14 will allow an applicant to see the requirement when they look for regulations on roofing materials and construction. It is important that we not hide this regulation only in the building code, and make sure that all of the Titles of the Vail Municipal Code that speak to roofing requirements include this new regulation. - The DRB does not get into construction issues; its purview is design issues, but I believe determination of a class A roof assembly requires analysis of the construction materials, not just the roof covering. - Since it is necessary to obtain approval from the DRB before submitting for a building permit, if the DRB approves a plan and then the building department determines the roof is not actually a Class A roof assembly, the applicant, the building department and the DRB will be locked in combat. I can't imagine the Town wants to create that kind of situation. As stated above, the requirement is either Class A roof assembly or Class A roof covering. If DRB determines that a Class A roof covering is not being utilized, they can make it a condition of approval that the roof utilize a Class A assembly. It is quite common for an application to get approved by the DRB and then have changes made after the Building Team review. If those changes substantiate a return to the DRB due to considerable design changes, then the application returns to the DRB for additional review. This happens all the time with projects and the Building team, DRB and the applicant work together to find a solution to the problem. I also took the time to study the Town of l/ail code on-line to try to find the details of the circumstances that would trigger the enforcement of these code changes. It's awfully dihrcult to interpret the wording in the code to determine what the "triggers" are. It would have been helpful if you had clarified this subject for the PEC when they spent so much time debating "triggers"at their meeting in December. There was some confusion with the PEC because we originally wanted all roofing changes to require compliance with the new regulation. Since going to the PEC, we had two policy discussions with the Town Council where they file://C:\Documents and Settin~s\Administrator\Local Settings\Temp\GW~OOOOI.HTM 01/25/2007 Page 2 of 3 t expressed interest in utilizing the current regulations regarding nonconformities. If you review TITLE 12, CHAPTER 18: NONCONFORMING SITES, USES, STRUCTURES AND SITE IMPROVEMENTS this covers the issue of nonconformity. As discussed in the last Town Council meeting, the triggers related to this Chapter would any expansion beyond the 500 square foot addition (one time only since 1998) and re-roofing. This Chapter allows for maintenance and repair of the nonconformity as long as it does not increase the nonconformity. New construction will obviously also be required to comply with the regulations. (More on 250s below) If an owner or association can do "maintenance" on a large portion of a roof and not be forced to comply, if a homeowner can exercise his first 500 addition to a home and not be forced to comply, it seems very unfair (and prohibitively expensive) that a condo owner exercising his one-time 250 expansion can impact as little as 10% of the total roof and thereby create the situation in which the association is forced to comply. SECTION 12-15-5: ADDITIONAL GROSS RESIDENTIAL FLOOR AREA (250 ORDINANCE) discusses the requirements fora 250 square foot expansion. The purpose of the 250 Ordinance was to allow some flexibility for units that have utilized their allowable GRFA while getting them into compliance with the Design Guildelines. The additional 250 square feet served as a bonus in order to get people to do things like pave their driveways and screen trash, etc. While replacing a roof in order to get a 250 may seem onerous, this is one of the reasons we allow people to get 250 square feet beyond their allowable GRFA. For instance, at 9 Vail Road, in order to get a 250, your building must have utilized all allowable GRFA. If anyone in the building would like to utilize their 250, the building will be required to come into compliance with all Design Guidelines, including this new roofing regulation. Again, if you would like to meet after reviewing my responses, feel free to contact me. Best,. Rachel L. Friede Town of Vail Community Development Department (970) 479-2440 Office (970) 479-2452 Fax Gwen Scalpello <gscalpello@attglobal.net> 01/19/07 5:36 PM Rachel, although the Council passied Ordinance 3 on first reading, I am concerned about the structure of Ordinance 3. - I have studied the design guidelines in the Town of Vail code, and this is the only CODE issue I can find directly inserted into the design guidelines and thus puts the DRB in the position of enforcing CODE issues as well as design issues. The DRB regularly reviews facades and windows, but they don't have to pull out their scales to ensure the windows meet egress requirements; that is the responsibility of others. Roof assemblies should be the same. - The DRB does not get into construction issues; its purview is design issues, but I believe determination of a class A roof assembly requires analysis of the construction materials, not just the roof covering. - Since it is necessary to obtain approval from the DRB before submitting for a building permit, if the DRB approves a plan and then the building department determines the roof is not actually a Class A roof assembly, the applicant, the building department and the DRB will be locked in combat. I can't imagine the Town wants to create that kind of situation. As I said at Council Tuesday night, if staff and council want to change the code for fire and safety reasons, change the code. But to put the DRB into the position of enforcing technical code issues related to file://C:\Documents and Settings\Administrator\Local Settings\Temp\GW~OOOOI.HTM 01/25/2007 Page 3 of 3 construction and then justify changing the code because the design guidelines are in conflict with the code (Ordinance 4) is just plain wrong. I also took the time to study the Town of Vail code on-line to try to find the details of the circumstances that would trigger the enforcement of these code changes. It's awfully difficult to interpret the wording in the code to determine what the "triggers" are. It would have been helpful if you had clarified this subject for the PEC when they spent so much time debating "triggers" at their meeting in December. If an owner or association can do "maintenance" on a large portion of a roof and not be forced to comply, if a homeowner can exercise his first 500 addition to a home and not be forced to comply, it seems very unfair (and prohibitively expensive) that a condo owner exercising his one-time 250 expansion can impact as little as 10% of the total roof and thereby create the situation in which the association is forced to comply. If you have some time next week, I'd like to have the opportunity to review some of the code elements in more detail, especially as it pertains to the 250 rule for condos in PA zoning, because our association will face that situation this year. Thank you. Gwen Scalpello 479-1788 file://C:\Documents and Settings\Administrator\Local Settings\Temp\GW}OOOOl.HTM ~ 01/25/2007 t MEMORANDUM TO: Vail Town Council FROM: Department of Community Development DATE: February 6,2007 SUBJECT: Second Reading of Ordinance 4, Series of 2007 I. PURPOSE Ordinance No. 4, Series of 2007, an ordinance to amend Title 10, Building Regulations, to adopt the 2005 National Electrical Code by reference, and add amendments to the International Building Code, the International Residential Code, the National Electrical Code and the International Energy Conservation Code, for housekeeping purposes and to comply with Ordinance 3, Series of 2007, and setting forth details in regard thereto. II. BACKGROUND On July 1, 2005, the State of Colorado adopted the 2005 National Electrical Code (NEC) and requires that all municipalities adopt the NEC as well. Amendments may be made to the NEC as long as they are more stringent than the adopted code. Ordinance No. 3, Series of 2007, will require Class A roof assemblies or Class A roof coverings and will ban wood shake and wood shingles for all structures within the Town of Vail. Ordinance No. 4, Series of 2007, will serve to amend Title 10, Building Regulations, a title that includes adoption by reference of the various standard codes, and also includes all amendments to those codes. Ordinance No 4, Series of 2007 will amend Title 10 to come into compliance with state regulations as well as Ordinance No. 3, Series of 2007. III. STAFF RECOMMENDATION The Community Development Department is recommending that the Town Council approves Ordinance No. 4, Series of 2007, upon second reading. IV. ATTACHMENTS A. Ordinance 4, Series of 2007 1 ~ Attachment A ORDINANCE N0.4 SERIES OF 2007 AN ORDINANCE TO AMEND TITLE 10, BUILDING REGULATIONS, TO ADOPT THE 2005 NATIONAL ELECTRICAL CODE BY REFERENCE, AND ADD AMENDMENTS TO THE INTERNATIONAL BUILDING CODE, THE INTERNATIONAL RESIDENTIAL CODE, THE NATIONAL ELECTRICAL CODE, AND THE INTERNATIONAL ENERGY CONSERVATION CODE, FOR HOUSEKEEPING PURPOSES AND TO COMPLY WITH ORDINANCE 3, SERIES OF 2007, AND SETTING FORTH DETAILS IN REGARD THERETO. WHEREAS, Ordinance 3, Series of 2007 requires that all structures within the Town of Vail utilize Class A roof coverings or Class A roof assemblies, and also bans wood shakes and wood shingles; and WHEREAS, Ordinance 3, Series of 2007 creates conflicts with the adopted International Building Code and International Residential Code; and WHEREAS, the State of Colorado adopted the 2005 National Electrical Code on July 1, 2005 and requires that all municipalities adopt the same code, which they may only amend with more stringent rules; and WHEREAS, Ordinance 4, Series of 2007 serves to amend Title 10, Building Regulations in order to comply with State Regulations and Ordinance 3, Series of 2007; and WHEREAS, Ordinance 4, Series of 2007 serves to update the International Energy Conservation Code in order to allow for the use of Rescheck and Comcheck software in order to show compliance with the Code; and WHEREAS, the Vail Town Council considers it in the best interest of the public health, safety, and welfare to adopt Ordinance 4, Series of 2007. NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO, THAT: Section 1. The purpose of Ordinance No. 4, Series of 2007, is to amend Title 10, Building Regulations, to adopt the 2005 National Electrical Code and to add amendments to the International Building Code, International Residential Code and National Electrical Code. (Text that is to be deleted is s~islFer~. Text that is to be added is bold. Sections of text that are not amended may be omitted.) 1 Ordinance 4, Series of 2007 r Section 2. Section 10-1-1 is hereby amended as follows: 10-1-1: PREAMBLE: The charter of the town of Vail and the statutes of the state of Colorado provide that standard codes may be adopted by reference with amendments; and the town of Vail wishes to adopt the 2003 editions of the international building code, the international residential code, the international fire code, the international mechanical code, the international plumbing code, the international fuel gas code, the international energy conservation code, and the ~2 2005 edition of the national electrical code. Section 3. Section 10-1-2 is hereby amended as follows: 10-1-2: CODES ADOPTED BY REFERENCE: G. Electrical Code: The national electrical code, 2~ 2005 edition, is hereby adopted by reference. The nationa{ electrical code is published by the National Fire Protection Association Inc., One Batterymarch Park, Quincy, MA 02269. Section 4. Section 10-1-3 is hereby amended as follows: 10-1-3: BUILDING CODE AMENDMENTS: The following amendments are hereby made to the international building code, 2003 edition: SECTION 1505.1 -FIRE CLASSIFICATION: Section 1505.1, Fire Classification, is hereby deleted in its entirety and shall be replaced with the following text in its entirety: All roof coverings and roof assemblies shall comply with Ordinance No. 3, Series of 2007, which requires Class A roof coverings or Class A roof assemblies for all structures within the Town of Vail. All roof assemblies and roof coverings required to be listed by this section shall be tested in accordance with ASTM E 108 or UL 790. SECTION 1505.6 -FIRE-RETARDANT-TREATED WOOD SHINGLES AND SHAKES: Section 1505.6, Fire-retardant-treated wood shingles and shakes, shall be deleted in its entirety and shall be replaced in its entirety with the following text: All wood shake and wood shingles shall be banned from all structures within the Town of Vail, pursuant to Ordinance 3, Series of 2007. SECTION 1507.8 -WOOD SHINGLES: Section 1507.8, Wood Shingles, shall be deleted in its entirety. 2 Ordinance 4, Series of 2007 r SECTION 1507.9 -WOOD SHAKES: Section 1507.8, Wood Shakes, shall be deleted in its entirety. SECTION 1510.3 -RECOVERING VERSUS REPLACEMENT: Section 1510.3, Recovering versus Replacement, shall be amended as follows: Exception #2 shall be deleted. SECTION 1510.4 - ROOF COVERING: Section 1510.4, Roof Covering, shall be deleted in its entirety. Section 5. Section 10-1-4 is hereby amended as follows: 10-1-4: RESIDENTIAL CODE AMENDMENTS: The following amendments are hereby made to the international residential code, 2003 edition: SECTION R902.1 -ROOF COVERING MATERIALS: Section 902.1, Roof covering materials, is hereby amended by adding the following at the beginning of the section: Pursuant to Ordinance 3, Series of 2007, all roofs must utilize Class A roof covering or Class A roof assemblies. SECTION R902.2- FIRE-RETARDANT-TREATED SHINGLES AND SHAKES: Section 902.2, Fire-retardant-treated shingles and shakes shall be deleted in its entirely and replaced in its entirety with the following text: All wood shake and wood shingles shall be banned from all structures within the Town of Vail, pursuant to Ordinance 3, Series of 2007. SECTION R905.7 -WOOD SHINGLES: Section 905.7, Wood Shingles shall be deleted in its entirety. SECTION R905.8 -WOOD SHAKES: Section 906.8, Wood Shakes shall be deleted in its entirety. SECTION R907.3 -RECOVERING VERSUS REPLACEMENT: Section 907.3, Recovering versus Replacement, shall be amended as follows: Exception #2 shall be deleted. SECTION R907.4 - ROOF COVERING: Section 907.4, Roof Covering, shall be deleted in its entirety. Section 6. Section 10-1-9 is hereby amended as follows: 3 Ordinance 4, Series of 2007 f 10-1-9: ELECTRICAL CODE AMENDMENTS: The following amendments are hereby made to the national electrical code, ~2 2005 edition: 1~ All °I°n+rinol uririnn in nrn~~nc_A~ R~ C~ C~ 1, ~1 nn~+ C rl°fin°r+ in +h° +n-te:,natisrr~.l "~:ild+r~g-cads, c~:all "°~~,~ed in ~~::its, ra~~ways-;-er un a~~eved £~:r ~-e66k7~.'3r.^aF^.^- .^.~"`rall "°c~^~~~. in r:,L~'.~I ^aeH~}it-.^,; "ash ar. a~E:al arr~ered-ca"I° +~mE~i~ ~ealF>ti "ax-#e~eash :nit. NS a~in~:r:i ~ ' 1::t'.;Sn~:ri ~Y+r-~-~ilEr tl'r~n .ri.'.° sz `"sill h° n°rmi++°r) ~"ri+hin iy-tC-td11VF~ A. ARTICLE 110.80 -MULTI-FAMILY DWELLING UNITS. Article 110.80, Multi- familydwelling units, shall be established as follows: In multi-family dwelling units, no electrical wiring or feeder cables shall pass from one unit to another. Common walls and common spaces shall be exempt from this requirement. B. ARTICLE 230, Part II -OVERHEAD SERVICE-DROP CONDUCTORS. Article 230, Part II, Overhead Service-Drop Conductors is hereby deleted in its entirety and replaced with the following text: Overhead Services shall not be permitted within the Town of Vail. C. ARTICLE 230.32 -PROTECTION AGAINST DAMAGE. Article 230.32, Protection Against Damage is hereby amended to add the following text: (a) Underground service shall be installed in approved conduit from the transformer to the electric meter/disconnect switch, and to the main circuit breaker (service entrance). D. ARTICLE 250.52 -GROUNDING ELECTRODES. Article 250.52 shall be amended to include the following text: (C) For new construction, electrical services shall be bonded to a concrete encased electrode. Where the water pipe is metal, it shall also be bonded within five feet of water entrance. E. ARTICLE 300.5 -UNDERGROUND INSTALLATIONS. Article 300.5, Underground Installations, is hereby amended to add the following text: All underground electrical wiring of 120 volts or more shall be installed in PVC conduit. Minimum depth of 18 inches from the top of the conduit and warning tape is required per the NEC. F. ARTICLE 310.5 -CONDUCTORS FOR GENERAL WIRING. Article 310.5, Conductors for General Wiring shall hereby be amended to add the following text: Aluminum wire or copper clad aluminum wire smaller than #8 AWG shall not be 4 Ordinance 4, Series of 2007 permitted. G. ARTICLE 334.12 -USES NOT PERMITTED. Article 334.12, Uses Not Permitted, is hereby amended to add the following text: (c) Type NM. Type NM cables shall not be used under the following conditions: (1) Any building containing occupancy groups A, B, E, F, H, I, M, S, as defined in 2003 International Building Code. H. ARTICLE 410.4(D) -BATHTUB AND SHOWER AREAS. Article 410.4, Bathtub and Shower Areas, is hereby amended to add the following text: Fixtures in bathtub and shower area shall be rated for the use (damp/wet location) and shall have a lens on the fixture trim. Ili. Persons engaged in the installation of remote control, low energy power, and signal circuits as defined in article 720 and 760 of this code, need not be licensed themselves pursuant to title 12, article 23, Colorado Revised Statutes, nor work under the supervision of such licensed electricians; however, all such persons shall register with the state electrical board. Proof of registration shall be produced by the registrant and an application for contractor registration shall be provided to the town of Vail fire marshal for review in accordance with section 4-7-2 of this code. JG. All such installations of remote control, low energy power and signal systems are subject to the permits and inspections set forth in 12-23-111 (24) CRS. Accordingly, all installations of remote control, low energy power and signal systems must be performed in accordance with the minimum standards set forth in the national electrical code. Section 7. Section 10-1-10 is hereby amended as follows: 10-1-10: ENERGY CODE AMENDMENTS: The following amendments are hereby made to the international energy code, 2003 edition: A. SECTION 101.4 -COMPLIANCE. Section 101.4, Compliance, is hereby amended to add the following text: The latest editions of Rescheck and Comcheck software, as developed by the United States Department of Energy, may be used to demonstrate compliance with IECC 2003. 10-1-11A: COPIES OF CODES: Section 8. Section 10-1-11 is hereby amended as follows: 10-1-124: PENALTIES: 5 Ordinance 4, Series of 2007 Section 9. 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. Section 10. The repeal or the repeal and re-enactment of any provisions of the Vail Municipal Code as provided in this ordinance shall not affect any right which has accrued, any duty imposed, any violation that occurred prior to the effective date hereof, any prosecution commenced, nor any other action. or proceeding as commenced 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. Section 11. All bylaws, orders, resolutions and ordinances, or parts thereof, inconsistent herewith are hereby repealed to the extent only of such inconsistency. The repealer shall not be construed to revise any bylaw, order, resolution or ordinance, or part thereof, heretofore repealed. INTRODUCED, READ ON FIRST READING, APPROVED, AND ORDERED PUBLISHED ONCE IN FULL ON FIRST READING this 16th day of January, 2007, and a public hearing for second reading of this Ordinance set for the 6th day of February, 2007 in the Council Chambers of the Vail Municipal Building, Vail, Colorado. Rodney E. Slifer, Mayor ATTEST: Lorelei Donaldson, Town Clerk 6 Ordinance 4, Series of 2007 INTRODUCED, READ, ADOPTED AND ENACTED ON SECOND READING AND ORDERED PUBLISHED IN FULL this 6th day of February, 2007. Rodney E. Slifer, Mayor ATTEST: Lorelei Donaldson, Town Clerk 7 Ordinance 4, Series of 2007 ORDINANCE NO. 5 Series of 2007 AN ORDINANCE AMENDING THE OFFICIAL ZONING MAP OF THE TOWN OF VAIL IN ACCORDANCE WITH TITLE 12, ZONING REGULATIONS, CHAPTER 5, ZONING MAP; REZONING LOT 4, BLOCK 1, VAIL LIONSHEAD 2ND FILING, FROM HIGH DENSITY MULTIPLE FAMILY (HDMF) DISTRICT TO LIONSHEAD MIXED USE-1 (LMU-1) DISTRICT, AND SETTING FORTH DETAILS IN REGARDS THERETO. WHEREAS, Chapter 5, Zoning Map, of the Vail Town Code establishes the procedures for evaluating changes to the Official Zoning Map of the Town of Vail ("Zoning Map"); and WHEREAS, the proposed amendment to the "Zoning Map" has been reviewed in accordance with the prescribed requirements outlined in Sections 12-3-1 through 12-3-7 of the Zoning Regulations of the Vail Town Code; and WHEREAS, on January 8, 2007, the Planning and Environmental Commission of the Town of Vail reviewed and forwarded a recommendation of approval of the proposed amendment to the "Zoning Map" to the Vail Town Council in accordance with the criteria and findings outlined in Section 12-3-7 of the Zoning Regulations of the Town of Vail; and WHEREAS, the Vail Town Council finds the proposed amendment to the "Zoning Map" is consistent with the adopted goals, objectives and policies outlined in the Vail Comprehensive Plan, the Vail Village Master Plan and is compatible with the development objectives of the Town; and WHEREAS, the Vail Town Council finds the amendment to the "Zoning Map" is compatible with and suitable to adjacent uses and appropriate for the surrounding areas; and WHEREAS, the Vail Town Council finds the amendment to the "Zoning Map" promotes the health, safety, morals, and general welfare of the Town and promotes the coordinated and harmonious development of the Town in a manner that conserves and enhances its natural environment and its established character as a resort and residential community of the highest quality. ORDINANCE NO. 5, SERIES OF 2007 NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO, THAT: Section 1. Zoning Map Amendment: The purpose of this Ordinance is to amend the Official Zoning Map of the Town of Vail. The Official Zoning Map of the Town of Vail is hereby amended as follows: Lot 4, Block 1, Vail Lionshead 2"d Filing shall be rezoned from High-Density Multiple Family (HDMF) district to Lionshead Mixed Use-1 (LMU-1) district, as illustrated on Exhibit A attached hereto. Section 2. If any part, section, subsection, sentence, clause or phrase of this ordinance is for any reason held to be invalid, such decision shall not effect the validity of the remaining portions of this ordinance; and the Town Council hereby declares it would have passed this ordinance, and each part, section, subsection, sentence, clause or phrase thereof, regardless of the fact that any one or more parts, sections, subsections, sentences, clauses or phrases be declared invalid. Section 3. The Town Council hereby finds, determines and declares that this ordinance is necessary and proper for the health, safety and welfare of the Town of Vail and the inhabitants thereof. Section 4. The amendment of any provision of the Town Code as provided in this ordinance shall not affect any right which has accrued, any duty imposed, any violation that occurred prior to the effective date hereof, any prosecution commenced, nor any other action or proceeding as commenced under or by virtue of the provision amended. The amendment of any provision hereby shall not revive any provision or any ordinance previously repealed or superseded unless expressly stated herein. ORDINANCE NO. 5, SERIES OF 2007 Section 5. All bylaws,. orders, resolutions and ordinances, or parts thereof, inconsistent herewith are repealed to the extent only of such inconsistency. This repealer shall not be construed to revise any bylaw, order, resolution or ordinance, or part thereof, theretofore repealed. INTRODUCED, READ ON FIRST READING, APPROVED, AND ORDERED PUBLISHED ONCE IN FULL ON FIRST READING this 16th day of January, 2007 and a public hearing for second reading of this Ordinance set for the 6t" day of February, 2007, in the Council Chambers of the Vail Municipal Building, Vail, Colorado. Rodney Slifer, Mayor Attest: Lorelei Donaldson, Town Clerk READ AND APPROVED ON SECOND READING AND ORDERED PUBLISHED this 6th day of February, 2007. Rodney Slifer, Mayor Attest: Lorelei Donaldson, Town Clerk ORDINANCE NO. S, SERIES OF 2007 _ _ - - ~.oning _ - .f C E NO. 5, SERIES 4F 2407 T,~o_Family Residentiai t~RD I N AN ~.-.J Lit g~Q~k , /all L.IOflSheaCl ~ nd Fl~ffl~ ~ High Density Multiple Farnily~ - ~ Housing - ~ Public Accommodation Q Llonshead Mixed Use 1 Commercial Service Center Outdoor Recreation Agricultural & Open Space Natural Area Preservation General Use - - Lian~~ead ~ i paring ~ s - `r' , - _ ~ ~p ~ _ ~ f q~ Evergreen Ladge ~Q E LiONSHEAD GiR~~ ~'jpbg~n 'L 1~e 14rena 7 ~ _ _ ~'I c .1 { ~ I'1 ~ ~ 1! e B fait ~ 1"~1?~' Library ~1 ~ em~ter 1 - t~'tedE~al ~ 11. j C I it 111x11 ~11. 1 j' TI I: .r1 i .'-1f tl~ TI T G1-T .111.1..-.1 t~:.ii. 1,•Y ~ 1.. tll ~1.. .1..11 411.1 lii tt ~ ^c~e Feet - - tDU TOWN OF VAIL REVENUE HIGHLIGHTS January 30, 2007 Sales Tax 2006 was the second year in a row for record sales tax collections with $17.8 million collected for the full year. This is an increase of 8% over 2005's record $16.5 million. Collections for the month of December of $2.7 million are up 7% from the prior December record achieved a year ago. Good early snow was a factor both years. In 2006, adverse conditions and road closures in Denver may have kept Front Range skiers away, but conversely, it appears to have influenced destination guests to extend their stays. For comparison, inflation as measured by the consumer price index was up only 2.S% for the year. Sales tax collections were good throughout the year, in spite of year-round construction activity in both Vail Village and LionsHead. Compared with the same month in prior years, all but May, June and August were record months. Winter months outpaced summer with January through Apri12006 up 10% from 2005; November and December up 8%; and May through October up 4%. January through April surely benefited from good snow and a late closing for Vail Mountain. The news of Vail's #1 ranking by Ski Magazine, released in October, coupled with good early snow likely impacted November and December collections. What could have been a summer slump due to construction was apparently mitigated by a combination of the town's construction mitigation programs, special events brought in by the town's Commission on Special Events, the Vail Valley Foundation and Bravo's summer programs at the Ford Ampitheater, and the marketing efforts of the Vail Local Marketing District. Looking at the full year by area, Vail Village represented 4S% of total sales tax collections and posted an increase of 9% over the prior year. LionsHead and the area including Cascade Village, East Vail, Sandstone, and West Vail were each up 7% from 2005. LionsHead represented 18% and Cascade Village, East Vail, Sandstone, and West Vail represented 22% of total collections. The remaining 1 S% of 2006 sales tax was collected byout-of--town businesses, primarily utilities. This segment was up 6% for the year. Retail businesses collected $6.1 million or 34% of the 2006 total, followed by: lodging at $S.4 million or 30%; food and beverage at $3.9 million or 22%; and utilities and other at $2.3 million or 13%. Within the business segments, lodging was the fastest growing with an 11 % increase over last year. Food and beverage increased 8% while retail and utilities and other each increased S%. Ski Lift Tax Ski lift tax collections were a record $3 million dollars for 2006, up 7% from the prior record reached in 2005. 070206 Revenue Highlights - 1 - Construction Permit Fee Revenue Construction permit revenue, which can be considered an indicator of redevelopment activity, is off to a good start in 2007. January's construction permit fees of $158,468 include $140,533 from two major construction projects, the Arrabelle at Vail Square and Mountain View (formerly Apollo Park). This is a 58% increase in total over January 2006, with the major projects accounting for all of the increase. Construction permit fees include building, electrical, mechanical, plumbing and sprinkler permits. 070206 Revenue Highlights - 2 - r DECEMBER 2006 VAIL BUSINESS REVIEW T~OWNOF VAIL January 27, 2007 The December Vail Business Review breaks down the four percent sales tax collected for December and the year. Overall December sales tax increased 5.8% with Retail increasing 4.8%, Lodging increased 14.0%, Food and Beverage increased 10.3% and Utilities/Other (which is mainly utilities but also includes taxable services and rentals) decreased 23.6%. The year resulted in a 7.6% increase overall with Retail increasing 5.4%, Lodging increased 11.1 Food and Beverage increased 8.0% and Utilities increased 5.1 Town of Vail sales tax forms, the Vail Business Review and the sales tax worksheet are available on the Internet at www.vail~ov.com. You can subscribe to have the Vail Business Review and the sales tax worksheet e-mailed to you automatically from www.vail~ov.com. Please remember when reading the Vail Business Review that it is produced from sales tax collections, as opposed to actual gross sales. If you have any questions or comments please feel free to call me at (970) 479-2125 or Judy Camp at (970) 479-2119. Sincerely, n n t~CJ~.~ Sally Lorton Sales Tax Administrator December 2006 SALES TAX VA/L V/LLAGE December December December 2005 2006 Collections Collections Chan e ,-=H~'z5: 9~ . .:'i;'`, m ~.~rr„~,";a.• are' s ~ j Retail 3 ~ . ~ , .,aw', ~ y -~.~.,a 'at;„g~, ~1°R,-, 'd;`;;~^'_~:'` ;e~..£.:,<'~•~.,&.: zs.$?~g/~°w,,«.'~~ r~bYix,/, .~,~6~ ;4:% ' ~ ~X' y~; j?n .r ; ijUP''.s~.,.~..°' ;s, : t-1.. t~~ ,ti~„a'~, y§ : ivs xa. -4~£ ~';~•~'s Log g ;,~~:~A ,.k Food & f~ . Beverage ~ ; 1 ~a.2°fo . Other ~ F~ ~ t w • ,r4~. ,Rs,. " p_,~• f.';t g'o~,v<'~. , ~f b.~3` `~.;~=~^.,•<~'~b'. ~S ~:r,`"°"~ "t,~; ~ ~.1~. Total ~ ~ { LIONSHEAD December December December 2005 2006 Collections Collections Change Retail ~,a~ Vi=a, ~ ~ ` a a r~r~,;~ ; Lodging " ~ n ie 'f, .t.,`,a: k ~¢~~''t p:. ~;q ~i, q;+.: ,~.q: ~:~s - ~ ( ~ '<J4y~,.. .gip, r 1;'ax~: ~y'w v +r: ~ 8 S .t'~~.z Food & s ;r= :.t:": , ~ z`:.~r,~~; Beverage a£ ~ § ~ ~ ~ ~ ~ ~ ~Y ' ~'s 'S. •,}i' avr ,a '~e`„". s ~,9_ s.. r s ,n;'ti"; '~~>;s Other ~ ~ _ ;~r., -P>s ~:.;.~g;;°~, ±1~:I.4t ~ (yam ; 3:,,,v~,~ y~ ~ fi ~ ' 4 - ~~i£'~•± `r ~'T VD ~.K?'~~69 } ce~%d,~rF' ?!!~„~~~~j"a 3,~,,~~'' °V Z£ M ,~i C `j Y'+ ~~yy~, qs` l~`~ ~ `vf fly ~.K.:i '',d'`~.<C." yy xLp3 at qq,3~s3"~'' Y".,k'~r~~"~'.~ p~'"~.~"~~'~ yY'^t ~,:r,~ x^ :3:"~ .,3' d.«.'s Y~E't~~i'• ~a~:^k..:b~y,', R? Lrii...'?,'. ~.y.~+'°.:.z", 'i. fy,. ,;,a 'R% 'e~-.+x 4..~. -<,'.i•,.:.''i,~:~o; '°r-....;s ,F,, ~ .f: ~~,~;.rr'.~:'i~`. s~:~+~',#•, °p~..=}~~'pti~. a~s~f.'i~3x,~ 4 $t' x~~.~~"= ys:~- Total g ° ~ $p,,t,~°(xt~ ,~~,.y§.$ L~ q,~ .,,~~~~g.~a ^x3:',?f~,~. ~ g~` 2 bR :~Y' y k jy° .p E'~.k ~ ~9~` ~ $ fA`£' '`t i. e (..,S,.zL.e3~. ' K *~'''s. L'''r~. December 2006 SALES TAX CASCADE V/LLAGE/EAST VAIL/SANDSTONE/WEST VA/L December December December 2005 2006 . Collections Collections Change Y ~'%s ~R£'Y.;' c'Fw`~%'.sFS,~.'di~~~H, :54;;"'~ •~_~i'~*"^Q~~ffi'Ai?'ir~'a~~' ~~M1 ,3,me~"' Retail ~ ~ ~ 'RF ~>~g''64 ; 9; ;~"~uf~ '~`'.;'.t„,Y, ut s,'~ '¢„a ffi~.. Lodging ~ , T ~ ~ € ~ Food & e~ ~ , } . ; ~ z Beverage b~ ~ o/Q *~~',.'"6`.x; d' ~'a :Y~',~x;~..', s s~~ '"~at~.~~,~n,~ ,x+F.o? p'~`s~;~ Other 4=~~ _ : s,R ~.~~:F~& : ,F~~:==:, .'ts~,~ tug"~ jz .aiiN•~" e'.. ' +X~~`e,~, , i. ~ of , t4 ~i ` fl. Total ~ ~ . ~ ° :3 e~ ~ ~ : ~ : ~k;~ OUT OF TOWN December December December 2005 2006 Collections Collections Change Retail g x ~ ~ r 1 , .~'~5.','.'„» «~f; N`~' 'yf.'~}'; 3~ ~'a S$L+~3t: :~q ,./F',: d.., Lod i n ~ ~ ~ . . ~ Wes; °~'~@~; jai °~nz t r ~ Food .n ~ k _ , Beverage ~ ~ a;~ a~. w. h y ~ ,q~ $ Utilities & ~ ~ Other ~ 3~ ~ ~ -5 - , r lira .'-'-"'~'~.e° ;..X.k. r/3° s ~ o-, .q~, f~'~; .i~',';:,:'~' -Y~€.:":. :;43 v}^, vN w. .~i '~,°h.t i.~?'~~, is ~t.:y~'~, r.-'tae `li:eR ;57'..9 x°'DL Total N~?~i:°s~h -x~; °~,:~~,,~'~3~:.,~~,.:~t:.. December 2006 SALES TAX TOTAL December December December 2005 2006 Collections Collections Change Retail ~ ~ ' 1,014,618 '1,463,206 4,$°/a' Lodging ~ 806,62? 919,269 ~ 14.4°/° Food & Beverage ~ 473,344:.. 522,069 10.3% Utilities & i` 263,148 200,.978 -23.6% Other Total ~ 2,557,737 2,705,522 5.8% RETAIL SUMMARY December December December 2005 2006 Collections Collections Change FOOD 204,799 194,827 -4.9% LIQUr 2 47,057 49,307 4.8% ,ZEI_ 119,410 115,220 -3.5% SP~JR. ~ 445,652 490,973 10.2% 55,273 53,102 -3.9% ~::~a~ T 20,939 21,313 1.8% L~1~ Y 8 365 7,596 -9.2% Al UTHI 111,387 130,194 16.9% HOME 1,736 674 -61.2°l0 OCCUPATION TOTAL 1,014,618 1,063,206 4.8% December YTD 2006 Sa/es Tax VA/L V/LLAGE Dec YTD Dec YTD Dec YTD 2005 2006 Collections Collections Change Retail ~ ~ y. ,~:d. ~ ~ ~ was friar } ,y ~c~f~ -2 ~ ~ ~ Lodging ~ ~ ~ ~ e ,bmgYt'~Y., ~.hd''', s.i z%>.C fi .i' 6f ~g ~F Food Beverage ~a ~ x# F. f ~ Other g,;,-.:,.b,. ; ? '°~:.x, .fit-~~,;, Total ,s ..f ;;~r • ~ ,fps.: s+r;~~ ;„~,,i~, ".,~'..Eet w~'., .#Sq~ ;,;s r~:fi,..• ra%.~, H ~.Nff.Y.,- :p <•:`~3j 3 ~d .'%4~gt)o..'i"Yi. °~t,ry,`;~3Y",y~~z ~i KY~y,°e; i'KZ.~~. LIONSHEAD Dec YTD Dec YTD Dec YTD 2005 2006 % Collections Collections Change Retail ~ ~ ~ w a ~ ; e Lodging , ~,%w."~ 'h° q~,i~?; < ~r~E '50... Food ~ Y '~~a`~~sy~at*1, :i`,'i" s«~a,~pr..f• X' ;s:~• "":;~'':,w~.'. .i~'~:, =.,g.,'C".%R"•".g~w 5. ~ae ~ ~t~ Beverage F~ ~ 54x$0 ~ 4 ~ ~ 3 i~• '*z ~y t ~ <t?. .y,g; ~ ,.ths ~t ~~/;i.,y~~ p .k ~p~ ;is.E~aa 3 ;:x,. `~:~.?.,,g~"3k d~ i:°.R,+~; _ ; 't a n ' p ~ AS~aR Other r.~~ , ~~,x_.~,.~~„~a:.>~ ~ = ff,.„~xjt ~ ~ :,f ~r .ds ~x, y.~~ rF, _i ~P F' ~f~~~x.. r'y+.: 6'x s'"~,A:~~`'a-~Q J~w'~: N 7'•.c:r,a,`i~~~ ,a~.~„~+.r3a+. di:..y . ::~,r'~ f, : r, ~ ``1tx4 ~ .s>;'~ ,3f.., .!8$~ .'~„~«in"''2 ~7',l;`ffi~., ~,1Y 5 i~f°" Y."S ~ '.t ~~`~s ay< s' .n,~z. p~j ~ , a, kx'^.<r~,;,~;" M; ;.~a"9q. ~ ° ,r~ h.~by,yy'l~~,;.y ~ gp ~dyi~„`~~$9, ~~..,:`$A S. ''r s ~y. .~bt` ypev C°.~ d'~:+r~ a-°-r.- Total -;~~z ~ x ~ .w. ~ to ~ ..s~=:, December l~ ~ D 2006 Sales Tax CASCADE VILLAGE/EAST VAIL/SANDSTONEM/EST VAIL Dec YTD Dec YTD Dec YTD 2005 2006 Collections Collections Change '.~i ',r', ;':s ' u°`:> 6;t a-;~;:, :ri - ~gp, z~nm„•~;; A':n~~.::u'-',tt.~.~.:,~- „fir; t": v~,:,',i~...e n.' ~ ~'c .~`i3"'~;, '4';^<;~-,s~+',7;`?~.fi~ in.~ °.f~"~; x.^ ;;~~.v 3.', A~~., ,9,`;.'°'°s'::';.•,~ x~.,t.4.q Ss~y~y.*~3"3. .Ye''; /Nm% `~.i' is^~s •~g )~r ~lu<se ~~~."X%;ys i4~~ ~ib a. .XG.`r,: Retail x~ - w.> i'f ~,'~~6~ i.. 'N xx rY•"ia~it •~~'F.; SR,,~~°'>~~,~d ~ e ~ b%:~ y`~:1, s b'{Sm"`vbs t¢5, ~•w ~'y'p~1., y~.'='n`'",°F,I,S:> ~xg;y ela5 ',+',~.a .P2 S~v! ~ 3tTs ~.i ,1°}1,(~ _ ~ n. a~ ~ a. ~ ,r~;. Lodging z' ~ . ;~~;f, u Food & qn~ Beverage • t ~ xa ~ 770,fi40 S.~% 5~' ~a'a3t#~- i1•°' ~ d.3 ,J.~~ ~ ~ ~ `YL}~& °x~ b.t ~ W p 7 Other r ~ Sy-'. .g.,,~::~bY.4: $ `y~', : IY~ q..e,t ~f~'~ `b "`p:X:'a r ~g Total w~ r .~Sxs ~ , ~ .F' ki , K'a"° OUT OF TOWN Dec YTD Dec YTD Dec YTD 2005 2006 Collections Collections Change 3 ° ~ y r• Retail F~, T ~ '~g ~ : . Lod in ~ ~ ..~~,K a~ . ~ . ; x-~`~ ~x ° ~~:~Y:~ ~ ig .x~h.,.`-,~" `~,byA's'.~;'~ ;r°~„. Y'.~, ,;~-Pi q{°?,YRIRc': Ys' xoe. :3nr ~ ii s,'.~:~,... J,:i L @. yi.. ari~r$-F"'~ r~'8~ - $ v i Y ti. r ~K S~{' . , ` Jib`" 4 xi~r: ,,,5~~ W wit,,. ~ F, ~o F ' , •.r ~ ' ; ^ n Food & ~4~ ~ s E° ° Beverage r;~:- ~=,t t,..x°od:4ti.;~~~'.'s ~}.is ` Y.'~, a~f ~•d ~ ~~6Pa~~'°j ~ ~ a .trr Other ~ 9K, _ ~ ~ ~,a`,~:,~~~~ t~- f ~ ~a ,'g ' rr~~4t 'Zx ~,i ~t a °B p'~y~-.#y'>r r~' • Total ~,57~,40$ ~ _ v~w~~l~~ December YTD 2006 Sales Tax TOTAL Dec YTD Dec YTD Dec YTD 2005 2006 Collect_ ions Collections Change ,E 4v 'i ~ P y~4 ~5 4 ~~6 tg, : Y L~M1 # ~ ~;~si £ J;`, ;g p„,. K. f' Retail ~`s Z r~ a b~,{Njg~,. 6 e'~i 3 ,6 P4 rtf; a Lodging F °a~ ~ 4 . , to ax § > ~ ~ 5 3 9 ' ~ ~m~t ~ n'f Food & a:a; ~~ki3,~' ~ ~f ~ n ~y~= Bevera a ~~~,4 ,5_. as~~:..r.. ,xy 3. `,'~~3 x. ~'u ;:Se:. :^r, i:;v;"%~'y,~%a's,' ~;,r~.;,'` ~ "q:;'~"'-, J~,{'. , -'f~"i~.«~'~ ~ ~ >,~1~? i" - ,Y §s.° ~ :'.P;> TM<:s~'. KS. r: ,i~,9',~-'s' •~r'> ,,.'a y a~"'"~' err µ - ~ i ~ z,~( f>, ~ ~S 4 ~ r'~'A± Ut~I a ~;r'u£~}, ; 5`,<A ~'a"s? x~:... ~ .,d O tt,#~ `zt~ .,4 y„, ~l.i,s, ~ j''~-ysu' ~ .r L a~.'' n i';P,id~ c~cP~~ K"?~:" ~ .;~T@~'k43fa y.i;*~" ~ ~"'~~5~"fix ~,~i Y~~/ 'Fi~ °~.~..•°.'•<';g'.y~K ~Y~~^~~'~~S:.y:, `p ..-qs.~x,' AJ ,n. ,Ee.. ,'~d~#~f ~ s~ 34~~.~s~~ ~ "l~s" ~ ,;C ? ?F~...L F. jpy} b S.. M:} T fu ~gytg _{,oy°rvu~~°R , v.;c~`p t~}~, ~ dY;" ^ha",'N' SP^~-_'"s y~~a =~4 ~ Total ,~k,=.. ~f ~.3, sir y , , , a, ~ ~;a~w'.. ~ ~ ~ .f RETAIL SUMMARY December YTD December YTD December YTD 2005 2006 Collections Collections Change FOOD 1,303,994 1,348,760 3.4% LIQUOR 288,605 312,413 8.2% APPAREL 724,402 757,830 4.6% SPORT 2,093,825 2,271,612 8.5% JEWELRY 267,733 253,716 -5.2% GIFT 127,433 131,027 2.8% GALLERY 52,887 67,263 27.2% OTHER 934,094 963,140 3.1 HOME 9,657 8,045 -16.7% OCCUPATION TOTAL 5,802,630 6,113,806 5.4% MEMORANDUM January 27, 2007 To: Vail Town Council Stan Zemler Pam Brandmeyer Judy Camp From: Sally Lorton Re: December Sales Tax On the reverse side please fmd the latest sales tax worksheet. I estimate I'll collect another $30,000.00 in December sales tax to bring December collections to $2,735,518.00. If so, we will be up 15.0% or $356,758.00 from budget and up 7.3% or $186,486.00 from December 2005. December lift tax is down .5% or $2,899.00 from December 2005. The ski season (November -December) is down .6% or $4,398.00. Town of Vail Sales Tax Worksheet 1 /27/2007 % Change % Change 2006 Budget from from Month 1995 1996 1997 1998 1999 2000 200f 2002 2003 2004 2005 Budget CO//BCtiOflS Variance 2005 Budget 1 I~ January 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 2,275,9671 2,241,544 2,597,455 355,911 14.13% 15.88% February 1,816,107 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 2,429,3771 2,379,495 2,526,662 147,167 4.00% 6.18% March 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 2,785,101 2,360,716 2,850,379 489,663 2.34% 20.74% April 791,092 966,993 874,427 1,107,334 952,843 926,771 1,043,431 870,875 871,468 992,157 915,554 999,157 1,279,766 280,609 39.78% 28.08% May 324,681 318,920 329,783 382,718 370,864 388,121 448,234 414,248 428,919 411,595 458,7701 414,499 449,265 34,766 -2.07% 8.39% June 590,685 594,907 630,366 633,400 692,811 721,774 751,439 657,707 742,755 732,113 834,9131 737,278 805,055 67,777 -3.58% 9.19% July 893,483 963,717 1,043,637 1,107,882 1,130,883 1,235,470 1,157,867 1,044,966 1,075,532 1,128,574 1,166,1831 1,136,476 1,254,653 118,177 7.59% 10.40% August 867,125 990,650 1,073,430 1,183,926 1,050,004 1,038,516 1,124,275 1,084,318 1,029,446 994,445 993,985 1,001,461 1,055,255 53,794 6.16% 5.37°/a September 645,902 630,453 637,831 735,608 806,600 817,313 747,766 713,574 679,208 757,033 795,807 762,374 832,153 69,779 4.57% 9.15% October 461,791 413,573 472,836 515,531 536,204 547,201 486,570 484,425 508,092 532,537 566,1731I 536,294 613,075 76,781 8.28% 74.32% November 611,147 601,208 707,166 656,596 582,260 691,445 571,783 642,293 591,269 623,646 713,117f 628.,046 795,240 167,194 11.52% 26.62% December 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 2,549,0321 2,378,760 2,705,518 326,758 6.14% 13.74% 1Total 13,030,448 13,719,308 14,747,419 15,030,386 14,509,421 15,232,588 15,411,044 15,106,801 14,578,983 15,466,979 16,483,979115,576,100 17,764,476 2,188,376 7.77% 14.05% VLMD On-Line Calendar Meeting Minutes Town of Vail -Admire Conference Room Wednesday, January 31, 2007; 8:30 a.m. Present Town of Vail: Sybill Navas & Pam Brandmeyer VLMD administrative staff: Kelli McDonald & Julie Tomlinson Vail Resorts: Meggen Kirkham Resort Technology Partners: Jerry Nichols, Mia Vlaar Minutes Meeting purpose: To create a solution for administering accurate and detailed content on the Events calendar on www.vail.com for the months of May -October on behalf of the VLMD marketing effort. Solution Proposed: Resort Technology Partners (RTP, the VLMD website vendor) has loaded all content available currently on the summer calendar of events. Detailed content on each event will be loaded as soon as content is available. In an effort to streamline the process for efficiency and accuracy of content, Resort Technology Partners will be the primary vendor designated to gather and maintain all calendar of event listings and information as well as the vendor designated to upload all calendar of event information to www.vail.com in a timely manner. This process will be overseen by the VLMD administrative staff. Next Steps: VLMD administrative staff will meet with RTP on the afternoon of Friday, February 2 to further define the exact process of obtaining complete event information and uploading to the www.vail.com calendar. RTP will supply a proposal to the VLMD administrative staff detailing their scope of work as determined by the process, as detailed above. This proposal will be presented to the VLMDAC for approval at the February 15~' meeting. Once approved, the process details will be sent to all attendees at this meeting, who will then send to all event producers as well. r TOWN OF VAIL MEMORANDUM TO: Stan Zemler Council Members FROM: Finance Department DATE: 1st Qtr 2006 RE: Investment Report Enclosed is the investment report with balances as of March 31, 2006. The estimated average yield for the pooled cash fund was 4.26%. As of 3/01 /06, the yield curve for 3 months, 6 months, and 1 year are 4.63%, 4.79%, and 4.77% respectively. Please call me if you have any questions. Town of Vail, Colorado Investment Report Summary of Accounts and Investments For Month Ended 3/31 /06 2006 Balances Percentage 03/31 /06 of Total Certificates of Deposit (see page 4) $1,661,933 3.50% Commercial Banks $4,189,206 8.83% Colorado Investment Pools $35,646,772 75.15% Money Market Funds $553,719 1.17% Total $42,051,629 88.65%, Percentage of Portfolio in Savings & Loans 0.00% U.S. Government Securities (see page 5) Government Agency Seurities -Piper Jaffray $3,634,631 7.66% FNMA'S, GNMA'S, FHLMC'S & SBA'S -Dana 51,751,044 3.69% Total $5,385,675 11.35% Total Portfolio $47,437,304 100% Maturing Within 12 Months $43,545,737 91.80% Maturing Within 24 Months $1,016,567 2.14% Maturing After 24 Months 52,875,000 6.06% $47,437,304 100.00% 03/31/06 Page 2 Investments 060331 Money Market Funds as of 3/31 /06 For the Month of March 2006 Institution Balances Type of Accounts Average 03/31 /06 COMMERCIAL BANK ACCOUNTS First Bank of Vail -Operating Interest 3.020% Bank Balance 54,602,342 Book Balance 54,189,206 Total Commercial Bank Accounts 54,189,206 LOCAL GOVERNMENT INVESTMENT POOLS Colotrust General Fund Interest 4.490% Balance 535,646,772 Total Local Government Investment Pools Accounts 535,646,772 MONEY MARKET FUNDS Schwab Institutional Money Market Fund -Dana Investments Interest 3.000% Balance 568,857 Vail Super Now Public Funds Account -Piper Jaffray Interest 3.790% Balance 5484,862 Total Money Market Funds $553,719 Total All Accounts 540,389,697 03/31 /06 Page 3 Investments 060331 Certificates of Deposit as of 03/31 /06 Bank Name, Location Days to Fair Rates Purchase Maturity Maturity Market Ins Coupon Yield Date Date at Purchase Value Weststar Bank, Vail Colorado FDIC 2.810% 2.850% 1-Apr-05 31-Mar-07 729 5553,011 Alpine Bank, Vail Colorado (#19750) FDIC 3.639% 3.639% 7-Sep-04 7-Sep-08 1461 5527,929 Alpine Bank, Vail Colorado 1#19751) FDIC 2.570% 2.600% 4-Sep-04 7-Sep-06 733 5580,992 Avg Yield 2.890% 51,661.933 03/31 /06 Page 4 " Investments 060331 Government Securities as of 3/31/06 Days/Years Int Rate Purchase Maturity to Maturity Market Agency Broker Coupon Yield Date Date at Purchase Value ***Federal Agency Discount Notes & Bonds*** FHLB 3MV-HK-2 Piper Jaffrey 2.500% 1.647% 2-Jun-03 15-Mar-06 2.8 SO FNMA 6F5-SX-0 Piper Jaffray 2.300% 2.300% 1-Dec-04 28-Apr-06 1.4 5264,497 FHLB 39X-LA-O Piper Jaffray 2.220% 2,230% 23-Jun-03 23-Jun-06 3.0 5119,256 FHLB 3X9-TY-6 Piper Jaffray 3.100% 3.110% 1-Dec-04 30-Jun-06 1,6 5263,755 FHLB 39X-LF-9 Piper Jaffray 2.110% 2.140% 25-Jun-03 25-Sep-06 3.3 5118,308 FHLB 39X-L5-1 Piper Jaffray 2.400% 2.440% 26-Jun-03 26-Dec-06 3.5 5117,660 FHLB 3X9-TP-5 Piper Jaffray 3.3459'0 3.380% 1-Dec-04 28-Dec-06 2.1 5261,582 FHLB 39X-KZ-6 Piper Jaffray 2,4009:0 2.470% 19-Jun-03 19-Jun-07 4.0 5121,038 FHLB 3X9-TW-0 Piper Jaftray 3.670% 3.730% 1-Dec-04 29-Jun-07 2,6 5260,389 FHLMC 4A4-RH-9 Piper Jaffray 3.500% 3.570% 2-Jun-03 15-Sep-07 4,3 $122,305 FFCB 31T-FG-1 Piper Jaffray 3.375% 3.460% 2-Sep-04 24Sep-07 3.1 597,540 FHLB 3X5-UR-7 Piper Jaffray 3.050% 3.140% 30-Mar-04 26-Mar-07 3.0 ~ 5145,395 FHLB 39X-G7-3 Piper Jaffray 2.580°k 2.680% 20-Jun-03 20-Dec-07 4,5 5119,900 FHLB 39X-G4-0 Piper Jaffray 3.050% 3.170% 26-Jun-03 26-Mar-08 4.8 $120,150 FHLB 3X6-GL-4 Piper Jaffray 3.5709'0 3.670% 2-Sep-04 28-Apr-08 3.7 592,226 FNMA 58C-S4-9 Piper Jaftray 3.125% 3.125% 30-Nov-04 15-May-08 3.5 5269,637 FICO 71D-KB-8 PiperJatfray ~ 0.000% 4.276% 21-Jul-05 6-May-08 2.8 5220,$88 FHLB 39X-LH-5 Piper Jaffray 3.000% 3.130% 18-Jun-03 18-Jun-08 5.0 S1 19,663 FHLMC 8X3-WB-5 Piper Jaffray 4.000% 4.100% 2-Sep-04 29-Sep-08 4.1 5195,038 FNMA 58C-6U-5 Piper Jaffray 3.296% 3.296% 1-Dec-04 15-Nov-08 4.0 S262,737 FNMA 6F6-CY-3 Piper Jaffray 4.300% 4.420°,6 2-Sep-04 28-Sep-09 5.1 597,070 FFCB 31 S-TD-5 Piper Jaffrey 4.650% 4.730% 22-Jul-05 5-Apr-10 4.7 S245,600 Average Yield 3.919'0 53,634,631 Days/Years Interest Rate Purchase Maturity to Maturity Market Agency Broker Coupon Yield Date Date at Purchase Value ***FNMA'S, ARM'S & SBA'S*** FHLB 3133XEQH5 Dana 5.000% 5.0% 8-Mar-06 8-Mar-07 1.0 94,820 FNMA Dana 5.000% 5.09'0 23-Jan-06 23-Jan-09 3.0 119,178 SBA 503819V-0 Pooled -Dana 8.020% 7.7% 1-Jul-97 25-Feb-11 13.7 511,323 SBA 500463V-0 Pooled -Dana 7.125% 7.09'0 1-Aug-88 25-Jan-13 24.5 54,188 SBA 502640V-Q Pooled -Dana 7.725% 7.4% 1-Jun-94 25-Jun-19 25.1 516,531 SBA 502647V-Q Pooled -Dana 7.975% 7.69'0 1-Jul-94 25-Jun-19 25,0 513,957 SBA 504417V-Q Pooled -Dana 7.500% 7.1 % 1-Feb-99 25-Feb-24 25.1 513,100 SBA 505536V-M Pooled -Dana 7.375% 6.99'0 1-Aus7-01 25-Jun-26 24.9 552,581 GNMA 8417 Pooled -Dana 5.1259'0 5.1 % 1-Oct-88 20-Oct-18 30.1 59,519 GNMA 8703 Pooled -Dana 4.7509'0 4.79'0 1-Sep-95 20-Sep-25 30.1 52,41 1 GNMA 8720 Pooied -Dana 5.125% 5,1 % 30-Sep-95 20-Oct-25 30.1 52,490 GNMA $788 Pooled -Dana 4.3759'0 4.49'0 1-Jan-96 20-Jan-26 30,1 S2,345 GNMA 80426 Pooled -Dana 4.500% 4.59'0 21-Jul-00 20-Jul-30 30.0 534,276 GNMA 80593 Pooled -Dana 4.375% 4.4% 1-Apr-02 20-Apr-32 30.1 525,429 GNMA 80710 Pooled -Dana 4.500% 4.5% 1-Jul-03 20-Jul-33 30.1 539,775 GNMA 831137 Pooled -Dana 5.000% 4.9% 1-Dec-03 20-Nov-33 30.0 542,009 FNMA 555921 Pooled -Dana 5.087% 5,09'0 1-Oct-03 1-Sep-35 31,9 584,814 FNMA 422251 Pooled -Dana 5.799°'0 5.79'0 1-Dec-95 1-Jan-21 25.1 5143,023 FNMA 334439 Pooled -Dana 5.628% 5.5% 1-Dec-95 1-Apr-24 28.4 57,867 FNMA 520790 Pooled -Dana 5.394% 5,3% 1-Jun-00 1-Apr-28 27.9 $11,338 FNMA 546468 Pooled -Dana 6.050% 5.99'0 24-May-00 1-Jun-28 28.0 511,894 FNMA 535326 Pooled -Dana 5.6499'0 5.69'0 26-Jun-00 1-Jun-28 28.0 517,385 FNMA 323798 Pooled -Dana 5.953% 5.9% 1-Dec-99 1-May-29 29.4 58,333 Investments 060331 Page 5 Government Securities as of 3/31 /06 Days/Years Int Rate Purchase Maturity to Maturity Market Agency Broker Coupon Yield Date bate at Purchase Value FNMA 527140 Pooled -Dana 6.1259'0 6.1 % 1-Dec-99 1-Dec-29 30.0 51,830 FNMA 576517 Pooled -Dana 5.606% 5.69:0 1-Mar-Oi 1-Feb-30 28.9 58,024 FNMA 567875 Pooled -Dana 5.846% 5.6% 1-Dec-00 1-Sep-30 29.8 513,778 FNMA 593941 Pooled -Dana 5.181% 5.19'0 1-Dec-01 1-Dec-30 29.0 532,114 FNMA 545057 Pooled -Dana 5.861 % 5.7% 1-May-01 1-May-31 30.0 S8,607 FNMA 605415 Pooled -Dana 5.125% 5.29'0 1-Aug-01 1-Aug-31 30.0 522,287 FNMA 650970 Pooled -Dana 5.400% 5.3% 1-Aug-O1 1-Jul-32 30.9 514,820 FNMA 709092 Pooled -Dana 5.320% 5.2% 1-Jun-03 1-Jun-33 30.0 553,262 FNMA 723661 Pooled -Dana 3.157% 3.1% 1-Jul-03 1-Jul-33 30.0 539,729 FNMA 761737 Pooled -Dana 3.727% 3.7°'0 16-May-05 1-Dec-33 28.6 S95,277 FNMA 725462 Pooled -Dana 5.0039'0 5.0% 1-Apr-04 1-Jan-34 29.8 532,069 FNMA 791573 Pooled -Dana 4.649% 4.6% 1-Jul-04 1-Aug-34 30.1 545,571 FNMA 555624 Pooled -Dana 4.035% 4.09'0 1-Jun-03 1-Mar-38 34.8 543,764 FNMA 735967 Pooled -Dana 3.905% 3.9% 1-Sep-05 1-Mar-38 32.5 584,213 FNMA 557073 Pooled -Dana 5. i 5 i 9'0 5.19'0 1-Sep-00 1-Jun-40 39.8 S 18,172 FNMA 110540 Pooled -Dana 5.278% 5.3% 1-Nov-90 1-May-20 29.5 S11,944 FNMA 327446 Pooled -Dana 6.119% 6.0% 1-Oct-95 1-AuA-22 26.9 59,478 FHLMC 775572 Pooled -Dana 4.564% 4.6% 1-Sep-94 1-Jun-24 29.8 535,640 FHLMC 865469 Pooled -Dana 5.8739'0 5.8% i-Dec-95 1-Aug-25 29.7 53,521 FHLMC 610416 Pooled -Dana 5.115% 5.09'0 1-Mar-96 1-Mar-26 30.0 5481 FHLMC 755344 Pooled -Dana 4.970% 4.89'0 1-May-00 1-Mar-28 27.9 58,404 FHLMC 645235 Pooled -Dana 5.3409'0 5.39'0 1-Jul-00 1-Mar-29 28.7 52,900 FHLMC 846784 Pooled -Dana 5.700% 5.6% 1-Jul-00 1-May-29 28.9 58,964 FHLMC 786867 Pooled -Dana 5.785% 5.79'0 1-Nov-99 1-Aug-29 29.8 $20,220 FHLMC 846956 Pooled -Dana 6.093% 5.9% 1-Nov-01 1-Nov-31 30.0 $7,891 FHLMC 847166 Pooled -Dana 3.813% 3.8% 1-Jul-03 1-Aug-33 30.1 540,145 FHLMC 847359 Pooled -Dana 5.047% 5.0% 1-Dec-04 1-Dec-34 30.0 561,152 FHLMC 865006 Pooled -Dana 6.685% 6.5% 1-Feb-89 1-Aug-18 29.5 53,377 FHLMC 865127 Pooled -Dana 6.183% 6.1 % 1-Aug-89 1-Mar-19 29.6 52,992 FHLMC 865476 Pooled -Dana 5.353% 5.3% 1-Apr-96 1-Feb-36 39.9 51,903 FHLMC 865663 Pooled -Dana 5.540% 5.59:0 1-Nov-00 1-Feb-30 29.3 53,649 FHLMC 765114 Pooled -Dana 6.294% 6.2% 1-Mar-99 1-Jan-18 18.9 58,291 FHLMC 847427 Pooled -Dana 5.195% 5.2% 1-Jul-05 1-Sep-34 29.2 548,641 FHLMC 611384 Pooled -Dana 5.916% 5.89'° 11-Feb-05 1-Dec-32 27.8 $29,996 FHLB 6488 Pooled -Dana 4.120% 4.19'0 12-Aug-05 23-Mar-07 1.6 5150,000 Accrued Interest 57,350 Income Receivable $2,004 Average Yield 4.90% 1,751,044 Total 55,385,675 Investments 060331 Page 5 TOWN OF VAIL MEMORANDUM TO: Stan Zemler Council Members FROM: Finance Department DATE: 2nd Qtr 2006 RE: Investment Report Enclosed is the investment report with balances as of June 30, 2006. The estimated average yield for the pooled cash fund was 4.67%. As of 6/01 /06, the yield curve for 3 months, 6 months, and 1 year are 4.92%, 5.17%, and 5.16 % respectively. Please call me if you have any questions. Town of Vail, Colorado Investment Report Summary of Accounts and Investments For Month Ended 6/30/06 2006 Balances Percentage 06/30/06 of Total Certificates of Deposit (see page 4) $1,674,487 3.43% Commercial Banks $3,625,986 7.42% Colorado Investment Pools $37,595,162 76.90% Money Market Funds $240,059 0.49% Tota! $43,135,694 88.24% , Percentage of Portfolio in Savings & Loans 0.00% U.S. Government Securities (see page 5) Government Agency Seurities -Piper Jaffray $3,984,333 8.15% FNMA'S, GNMA'S, FHLMC'S & SBA'S -Dana $1,768,110 3.62%, Total $5,752,443 11.77%, Total Portfolio $48,888,137 100% Maturing Within 12 Months $45,134,153 92.32% Maturing Within 24 Months $1,015,873 2.08% Maturing After 24 Months $2,738,112 5.60% $48,888,137 100.00% 06/30/06 Page 2 Investments 060630 Money Market Funds as of 6/30/06 For the Month of June 2006 Institution Balances Type of Accounts Average 06/30/06, COMMERCIAL BANK ACCOUNTS First Bank of Vail -Operating Interest 2.990% Bank Balance 55,339,387 Book Balance 53,625,986 Total Commercial Bank Accounts 53,625,986 LOCAL GOVERNMENT INVESTMENT POOLS Colotrust General Fund Interest 5.010% Balance $37,595,162 Total Local Government Investment Pools Accounts 537,595,162 MONEY MARKET FUNDS Schwab Institutional Money Market Fund -Dana Investments Interest 3.000% Balance 565,043 Vail Super Now Public Funds Account -Piper Jaffray Interest 4.220% Balance 5175,016 Total Money Market Funds 5240,059 Total All Accounts 541,461,206 06/30/06 Page 3 Investments 060630 Certificates of Deposit as of 06/30/06 Bank Name, Location Days to Fair Rates Purchase Maturity Maturity Market Ins Coupon Yield Date Date at Purchase Value Weststar Bank, Vail Colorado FDIC 2.810% 2.850% 1-Apr-05 31-Mar-07 729 $556,937 Alpine Bank, Vail Colorado (#19750) FDIC 3.639% 3.639% 7-Sep-04 7-Sep-08 1461 $532,786 Alpine Bank, Vail Colorado (#19751) FDIC 2.570% 2.570% 4-Sep-04 7-Sep-06 733 $584,764 Avg Yield 2.890% $1.674.487 06/30/06 Page 4 Investments 060630 Government Securities as of 6/30/06 Days/Years Int Rate Purchase Maturity to Maturity Market Agency Broker Coupon Yield Date Date at Purchase Value * * *Federal Agency Discount Notes & Bonds * * FHLB 3MV-HK-2 Piper Jaffray 2.500% 1.647% 2-Jun-03 15-Mar-06 2.8 SO FNMA 6F5-SX-0 Piper Jattray 2.300% 2.652% 1-Dec-04 28-Apr-06 1.4 SO FHLB 39X-LA-O Piper Jaffray 2.220% 2.220% 23-Jun-03 23-Jun-06 3.0 $0 FHLB 3X9-TY-6 Piper Jaffray 3.100% 3.100% 1-Dec-04 30-Jun-06 1.6 SO FHLB 39X-LF-9 Piper Jaffray 2. t 10% 2.120% 25-Jun-03 25-Sep-06 3.3 S119,088 FHLB 39X-L5-1 Piper Jaffray 2.400% 2.430% 26-Jun-03 26-Dec-06 3.5 51 18,188 FHLB 3X9-TP-5 Piper Jaffray 3.345% 3.380% 1-Dec-04 28-Dec-06 2.1 5262,191 FHLB 39X-KZ-6 Piper Jaffray 2.400% 2.470% 19-Jun-03 19-Jun-07 4.0 5121,375 FHLB 3X9-TW-0 Piper Jaffray 3.670% 3.730% 1-Dec-04 29-Jun-07 2.6 5260,230 FNMA 31359M-J8-7 Piper Jaffray 5.000% 5.030% 8-Mar-06 14-Sep-07 1.5 5248,425 FHLMC 4A4-RH-9 Piper Jaffray 3.500% 3.580% 2-Jun-03 15-Sep-07 4.3 $122,188 FFCB 31T-FG-1 Piper Jaffray 3.375% 3.460% 2-Sep-04 24-Sep-07 3.1 597,480 FHLB 3X5-UR-7 Piper Jaffray 3.050% 3.140% 30-Mar-04 26-Mar-07 3.0 5145,320 FHLB 39X-G7-3 Piper Jaffray 2.580% 2.680% 20-Jun-03 20-Dec-07 4.5 51 19,925 FHLB 39X-G4-0 Piper Jaffray 3.050% 3.180% 26-Jun-03 26-Mar-08 4.8 5119,888 FHLB 3X6-GL-4 Piper Jaffray 3.570°k 3.690% 2-Sep-04 28-Apr-08 3.7 $91,875 FNMA 58C-S4-9 Piper Jaffray 3.125% 3.1259'0 30-Nov-04 15-May-08 3.5 5271,386 FICO 71D-K8-8 Piper Jattray 0.000°'0 4.276°'0 21-Jul-05 6-May-08 2.8 5220,888 FHLB 39X-LH-5 Piper Jaffray 3.000% 3.140% 18-Jun-03 18-Jun-08 5.0 5119,300 FNMA 3136F7-K7-1 Piper Jaffray 5.625% 5.630% 27-Jun-06 27-Jun-08 2.0 5249,625 FHLMC 8X3-WB-5 Piper Jaffray 4.000% 4.120% 2-Sep-04 29-Sep-08 4.1 5193,904 FNMA 58C-6U-5 Piper Jaffray 3.296% 3.296% 1-Dec-04 15-Nov-08 4.0 5264,249 FHLB 3133XF-X9-2 Piper Jaffray 5.750% 5.750% 6-Jul-06 6-Jul-09 3.0 5249,600 FNMA 6F6-CY-3 Piper Jaffray 4.300% 4.450% 2-Sep-04 28-Sep-09 5.7 596,510 FHLB 3133XF-XG-6 Piper Jaffray 5.765% 5.770% 29-Jun-06 29-Dec-09 3.5 5249,450 FFCB 31 S-TD-5 Piper Jaffray 4.650% 4.770% 22-Jul-05 5-Apr-10 4.7 5243,250 Average Yield 3.57% 53,984,333 Days/Years Interest Rate Purchase Maturity to Maturity Market Agency Broker Coupon Yield Date Date at Purchase Value ***FNMA'S, ARM'S & SBA'S*** FHLB 3133XEQH5 Dana 5.000% 5.0% 8-Mar-06 8-Mar-07 1.0 94,625 FNMA Dana 5.000% 5.0% 23-Jan-06 23-Jan-09 3.0 118,520 SBA 503819V-Q Pooled -Dana 8.520% 7.7% 1-Jul-97 25-Feb-11 13.7 510,827 SBA 500463V-Q Pooled -Dana 7.625% 7.0% 1-Aug-88 25-Jan-13 24.5 54,060 SBA 502640V-Q Pooled -Dana 8.225% 7.4% 1-Jun-94 25-Jun-19 25.1 516,274 SBA 502647V-Q Pooled -Dana 8.475% 7.6% 1-Jul-94 25-Jun-19 25.0 513,796 SBA 504417V-Q Pooled -Dana 8.0009'0 7.1 % t-Feb-99 25-Feb-24 25.1 512,991 SBA 505536V-M Pooled -Dana 7.875% 6.9% 1-Auq-01 25-Jun-26 24.9 551,032 GNMA 8417 Pooled -Dana 5.1259'0 5.1 % 1-Oct-88 20-Oct-18 30.1 59,022 GNMA 8703 Pooled -Dana 4.750% 4.7% 1-Sep-95 20-Sep-25 30.1 52,217 GNMA 8720 Pooled -Dana 5.1259'0 5.1 % 30-Sep-95 20-Oct-25 30.1 52,217 GNMA 8788 Pooled -Dana 5.375% 4.4% 1-Jan-96 20-Jan-26 30.1 52,176 GNMA 80426 Pooled -Dana 4.500% 4.5% 21-Jul-00 20-Jul-30 30.0 530,402 GNMA 80593 Pooled -Dana 4.3759'0 4.4% 1-Apr-02 20-Apr-32 30.1 522,582 GNMA 80710 Pooled -Dana 4.500% 4.5% 1-Jut-03 20-Jul-33 30.1 534,933 GNMA 831137 Pooled -Dana 5.000% 4.9% 1-Dec-03 20-Nov-33 30.0 542,075 FNMA 555921 Pooled -Dana 5.456% 5.0% 1-Oct-03 1-Sep-35 31.9 582,317 FNMA 422251 Pooled -Dana 6.1249'0 5.7% 1-Dec-95 1-Jan-21 25.1 S133,357 FNMA 334439 Pooled -Dana 5.630% 5.59'0 1-Dec-95 1-Apr-24 28.4 57,721 Investments 060630 Page 5 Government Securities as of 6/30/06 Days/Years Int Rate Purchase Maturity to Maturity Market Agency Broker Coupon Yield Date Date at Purchase Value FNMA 520790 Pooled -Dana 5.805% 5.39'0 1-Jun-00 1-Apr-28 27.9 59,787 FNMA 546468 Pooled -Dana 6.389% 5.9% 24-May-00 1-Jun-28 28.0 510,637 FNMA 535326 Pooled -Dana 6.472% 5.6% 26-Jun-00 1-Jun-28 28.0 515,890 FNMA 323798 Pooled -Dana 6.427% 5.99'0 1-Dec-99 1-May-29 29.4 S7,330 FNMA 527140 Pooled -Dana 6.1259'0 6.1 °k 1-Dec-99 1-Dec-29 30.0 51,813 FNMA 576517 Pooled -Dana 6.069°'0 5.69'0 1-Mar-01 1-Feb-30 28.9 56,641 FNMA 567875 Pooled -Dana 5.735% 5.69'0 1-Dec-00 1-Sep-30 29.8 513,216 FNMA 593941 Pooled -Dana 5.328% 5.1 % 1-Dec-01 1-Dec-30 29.0 531,444 FNMA 545057 Pooled -Dana 6.394% 5.7% 1-May-01 1-May-31 30.0 56,884 FNMA 605415 Pooled -Dana 6.625% 5.2% 1-Aug-01 1-Aug-31 30.0 510,799 FNMA 650970 Pooled -Dana 6.969% 5.3% 1-Aug-01 1-Jul-32 30.9 514,868 FNMA 709092 Pooled -Dana 6.913% 5.2% 1-Jun-03 1-Jun-33 30.0 548,176 FNMA 723661 Pooled -Dana 5.068% 3.1 % 1-Jul-03 1-Jul-33 30.0 530,852 FNMA 761737 Pooled -Dana 3.720% 3.7% 16-May-05 1-Dec-33 28.6 583,145 FNMA 725462 Pooled -Dana 5.217% 5.0% 1-Apr-04 1-Jan-34 29.8 528,071 FNMA 791573 Pooled -Dana 4.968% 4.6% 1-Jul-04 1-Aug-34 30.1 540,602 FNMA 555624 Pooled -Dana 5.465% 4.0% 1-Jun-03 1-Mar-38 34.8 537,989 FNMA 735967 Pooled -Dana 3.987% 3.99'0 1-Sep-05 1-Mar-38 32.5 572,603 FNMA 557073 Pooled -Dana 5.543% 5.1 % 1-Sep-00 1-Jun-40 39.8 516,865 FNMA 110540 Pooled -Dana 5.282% 5.3% 1-Nov-90 1-May-20 29.5 511,670 FNMA 327446 Pooled -Dana 6.143% 6.0% 1-Oct-95 1-Aus~-22 26.9 59,195 FHLMC 775572 Pooled -Dana 4.907% 4.6% 1-Sep-94 1-Jun-24 29.8 535,019 FHLMC 865469 Pooled -Dana 5.865% 5.8% 1-Dec-95 1-Aug-25 29.7 53,348 FHLMC 610416 Pooled -Dana 6.615% 5.0°k 1-Mar-96 1-Mar-26 30.0 5470 FHLMC 755344 Pooled -Dana 6.086% 4.8% 1-May-00 1-Mar-28 27.9 58,135 FHLMC 645235 Pooled -Dana 5.340% 5.3% 1-Jul-00 1-Mar-29 28.7 52,869 FHLMC 846784 Pooled -Dana 6.187% 5.6°'0 1-Jul-00 1-May-29 28.9 58,317 FHLMC 786867 Pooled -Dana 5.892% 5.7% 1-Nov-99 1-Aug-29 29.8 519,832 FHLMC 846956 Pooled -Dana 6.315% 5.9% 1-Nov-01 1-Nov-31 30.0 57,175 FHLMC 847166 Pooled -Dana 4.137% 3.8% 1-Jul-03 1-Aug-33 30.1 536,048 FHLMC 847359 Pooled -Dana 5.202% 5.0% 1-Dec-04 1-Dec-34 30.0 551,313 FHLMC 865006 Pooled -Dana 6.935% 6.5% 1-Feb-89 1-Aug-18 29.5 53,267 FHLMC 865127 Pooled -Dana 6.183% 6.1 % 1-Aug-89 1-Mar-19 29.6 52,887 FHLMC 865476 Pooled -Dana 5.353% 5.3% 1-Apr-96 1-Feb-36 39.9 51,877 FHLMC 865663 Pooled -Dana 5.540% 5.5% 1-Nov-00 1-Feb-30 29.3 53,585 FHLMC 765114 Pooled -Dana 6.295% 6.2% 1-Mar-99 1-Jan-18 18.9 58,139 FHLMC 847427 Pooled -Dana 5.782% 5.2% 1-Jul-05 1-Sep-34 29.2 537,724 FHLMC 847058 Pooled -Dana 5.552% 5.5% 1-Aug-02 1-Aug-32 30.0 5152,334 FHLMC 611384 Pooled - Dina 8.941 % 5.9% 11-Feb-05 1-Dec-32 27.8 523,907 FHLB 6468 Pooled -Dana 4.120% 4.1 % 12-Aug-05 23-Mar-07 1.6 5149,355 Accrued Interest 4.120% S10,626 Income Receivable 52,461 Average Yield 5.20% 1,768,110 Total 55,752,443 Investments 060630 Page 5 7 TOWN OF VAIL MEMORANDUM TO: Stan Zemler Council Members FROM: Finance Department DATE: 3rd Qtr 2006 RE: Investment Report Enclosed is the investment report. with balances as of September 30, 2006. The estimated average yield for the pooled cash fund was 4.92%. As of 9/01/06, the yield curve for 3 months, 6 months, and 1 year are 4.93%, 5.08%, and 4.97% respectively. Please call me if you have any questions. Town of Vail, Colorado Investment Report Summary of Accounts and Investments For Month Ended 9/30/06 2006 Balances Percentage 09/30/06 of Total Certificates of Deposit (see page 4) $1,687,139 3.53% Commercial Banks $3,070,399 6.43% Colorado Investment Pools $36,943,240 77.32% Money Market Funds $409,813 0.86% Total $42,110,592 88.74% Percentage of Portfolio in Savings & Loans 0.00% U.S. Government Securities (see page 5) Government Agency Seurities -Piper Jaffray $3,902,638 8.17% FNMA'S, GNMA'S, FHLMC'S & SBA'S -Dana $1,763,360 3.69% Total $5,665,998 11.86% Total Portfolio 547,776,590 100% Maturing Within 12 Months $44,150,843 92.41 Maturing Within 24 Months $1,023,417 2.14% Maturing After 24 Months $2,602,330 5.45% $47,776,590 100.00% 09/30/06 Page 2 Investments 060930 Money Market Funds as of 9/30/06 For the Month of September 2006 Institution Balances Type of Accounts Average 09/30/06 COMMERCIAL BANK ACCOUNTS First Bank of Vail -Operating Interest 3.410% Bank Balance 53,988,943 Book Balance 53,070,399 Total Commercial Bank Accounts 53,070,399 LOCAL GOVERNMENT INVESTMENT POOLS Colotrust General Fund Interest 5.230% Balance 536,943,240 Total Local Government Investment Pools Accounts 536,943,240 MONEY MARKET FUNDS Schwab Institutional Money Market Fund -Dana Investments Interest 5.100% Balance 595,069 Vail Super Now Public Funds Account -Piper Jaffray Interest 4.490% Balance 5314,744 Total Money Market Funds 5409,813 Total All Accounts 540,423,452 09/30/06 Page 3 Investments 060930 M Certificates of Deposit as of 09/30/06 Bank Name, Location Days to Fair Rates Purchase Maturity Maturity Market Ins Coupon Yield Date Date at Purchase Value Weststar Bank, Vail Colorado FDIC 2.810% 2.850% 1-Apr-05 31-Mar-07 729 $560,891 Alpine Bank, Vail Colorado (#19750) FDIC 3.639% 3.639% 7-Sep-04 7-Sep-08 1461 $537,68$ Alpine Bank, Vail Colorado (#19751) FDIC 4.650% 4.650% 8-Sep-06 7-Sep-08 730 $588,560 Avg Yield 3.542% 51,687,139 09/30/06 Page 4 Investments 060930 Government Securities as of 9/30/06 Days/Years Int Rate Purchase Maturity to Maturity Market Agency Broker Coupon Yield Date Date at Purchase Value ***Federal Agency Discount Notes & Bonds*** FHLB 3MV-HK-2 Piper Jaffrey 2.500% 1.647°'0 2-Jun-03 15-Mar-06 2.8 50 FNMA 6F5-SX-0 Piper Jaffray 2.300% 2.652% 1-Dec-04 28-Apr-06 1.4 50 FHLB 39X-LA-O Piper Jaffrey 2.220% 2.2209'0 23-Jun-03 23-Jun-06 3.0 50 FHLB 3X9-TY-6 Piper Jaffrey 3.100% 3.100% 1-Dec-04 30-Jun-06 1.6 SO FHLB 39X-LF-9 Piper Jaffrey 2.1109'0 2.1109'0 25-Jun-03 25-Sep-06 3.3 SO FHLB 39X-L5-1 Piper Jaffrey 2.400% 2.420% 26-Jun-03 26-Dec-O6 3.5 5119,184 FHLB 3X9-TP-5 Piper Jaffrey 3.345% 3.360% 1-Dec-04 28-Dec-06 2.1 5263,728 FHLB 39X-KZ-6 Piper Jaffrey 2.400% 2.4509'0 19-Jun-03 19-Jun-07 4.0 $122,538 FHLB 3X9-TW-0 Piper Jaffrey 3.670% 3.710% 1-Dec-04 29-Jun-07 2.6 $262,006 FNMA 31359M-J8-7 Piper Jaffrey 5.000% 5.010°'0 8-Mar-06 14-Sep-07 1.5 5249,575 FHLMC 4A4-RH-9 Piper Jaffrey 3.500% 3.560% 2-Jun-03 15-Sep-07 4.3 5123,164 FFCB 31T-FG-1 Piper Jaffrey 3.375% 3.440% 2-Sep-04 24-Sep-07 3.1 598,320 FHLB 3X5-UR-7 Piper Jaffrey 3.050% 3.120% 30-Mar-04 26-Mar-07 3.0 5146,790 FHLB39X-G7-3 Piper Jaffray 2.580% 2.660% 20-Jun-03 20-Dec-07 4.5 5121,350 FHLB 39X-G4-0 Piper Jaffrey 3.050% 3.140% 26-Jun-03 26-Mar-08 4.8 5121,425 FHLB 3X6-GL-4 Piper Jaffrey 3.570% 3.650% 2-Sep-04 28-Apr-08 3.7 592,948 FNMA 58C-S4-9 Piper Jaffrey 3.125% 3.125% 30-Nov-04 15-May-08 3.5 $276,933 FICO 71 D-KB-8 Piper Jaffrey 0.000% 4.276% 21-Jul-05 6-May-08 2.8 5220,888 FHLB 39X-LH-5 Piper Jaffrey 3.000% 3.1109'0 18-Jun-03 18-Jun-08 5.0 5120,925 FNMA 3136F7-K7-1 Piper Jaffrey 5.625% 5.620% 27-Jun-06 27-Jun-08 2.0 5250,225 FHLMC 8X3-WB-5 Piper Jaffrey 4.000% 4.080% 2-Sep-04 29-Sep-08 4.1 5196,192 FNMA 58C-6U-5 Piper Jaffrey 3.2960 3.296% 1-Dec-04 15-Nov-08 4.0 5270,504 FHLB 3133XF-X9-2 Piper Jaffrey 5.750% 5.740% 6-Jul-06 6-Jul-09 3.0 5250,000 FNMA 6F6-CY-3 Piper Jaffrey 4.300% 4.390% 2-Sep-04 28-Sep-09 5.1 598,020 FHLB 3133XF-XG-6 Piper Jaffrey 5.765°'0 5.7609'0 29-Jun-06 29-Dec-09 3.5 5250,400 FFCB 31 S-TD-5 Piper Jaffrey 4.650% 4.700% 22-Jul-05 5-Apr-10 4.7 $247,525 Average Yield 3.64% 53,902,638 Days/Years Interest Rate Purchase Maturity to Maturity Market Agency Broker Coupon Yield Date Date at Purchase Value ***FNMA'S, ARM'S & SBA'S*** FHLB 3133XEO:H5 Dana 5.000% 5.0% 8-Mar-06 8-Mar-07 1.0 94,869 FNMA Dana 5.000% 5.0% 23-Jan-06 23-Jan-09 3.0 119,630 SBA 503819V-Q Pooled -Dana 8.520% 8.7% 1-Jul-97 25-Feb-11 13.7 510,320 SBA 500463V-0 Pooled -Dana 7.625% 8.0% 1-Aug-88 25-Jan-13 24.5 53,937 SBA 502640V-0 Pooled -Dana 8.2259'0 8.4% 1-Jun-94 25-Jun-19 25.1 59,031 SBA 502647V-Q Pooled -Dana 8.475°'0 8.69'0 1-Jul-94 25-Jun-19 25.0 513,622 SBA 504417V-Q Pooled -Dana 8.0009'0 8.19'0 1-Feb-99 25-Feb-24 25.1 512,767 SBA 505536V-M Pooled -Dana 7,875°h+ 7.6% 1-Aua-01 25-Jun-26 24.9 550,751 GNMA 8417 Pooled -Dana 5.125% 5.1 % 1-Oct-88 20-Oct-18 30.1 58,268 GNMA 8703 Pooled -Dana 4.750% 4.8% 1-Sep-95 20-Sep-25 30.1 52,056 GNMA 8720 Pooled -Dana 5.125% 5.1% 30-Sep-95 20-Oct-25 30.1 51,953 GNMA 8788 Pooled -Dana 5.375% 5.49'0 1-Jan-96 20-Jan-26 30.1 52,018 GNMA 80426 Pooled -Dana 4.500% 4.5% 21-Jul-00 20-Jul-30 30.0 527,620 GNMA 80593 Pooled -Dana 4.375% 5.4% 1-Apr-02 20-Apr-32 30.1 519,683 GNMA 80710 Pooled -Dana 4.5009'0 4.5% 1-Jul-03 20-Jul-33 30.1 531,184 GNMA 831137 Pooled -Dana 5.000°/n 5.0% 1-Dec-03 20-Nov-33 30.0 S41,317 FNMA 555921 Pooled -Dana 5.4569'0 5.9% 1-Oct-03 1-Sep-35 31.9 581,671 FNMA 422251 Pooled -Dana 6.1249'0 6.6% 1-Dec-95 1-Jan-21 25.1 5120,671 FNMA 334439 Pooled -Dana 5.630% 5.7% 1-Dec-95 1-Apr-24 28.4 57,521 Investments 060930 Page 5 Government Securities as of 9/30/06 Days/Years Int Rate Purchase Maturity to Maturity Market Agency Broker Coupon Yield Date Date at Purchase Value FNMA 520790 Pooled -Dana 5.805% 5.9% 1-Jun-00 1-Apr-28 27.9 59,735 FNMA 546468 Pooled -Dana 6.389% 6.79'0 24-May-00 1-Jun-28 28.0 59,434 FNMA 535326 Pooled -Dana 6.4729'0 6.5°'0 26-Jun-00 1-Jun-28 28.0 511,776 FNMA 323798 Pooled -Dana 6.427°Yo 6.6% 1-Dec-99 1-May-29 29.4 56,366 FNMA 527140 Pooled -Dana 6.125% 6.2% 1-Dec-99 1-Dec-29 30.0 51,798 FNMA 576517 Pooled -Dana 6.069% 6.5% 1-Mar-01 1-Feb-30 28.9 55,466 FNMA 567875 Pooled -Dana 5.735% 5.8% 1-Dec-00 1-Sep-30 29.8 512,256 FNMA 593941 Pooled -Dana 5.328% 5.8% 1-Dec-01 1-Dec-30 29.0 531,367 FNMA 545057 Pooled -Dana 6.394% 6.8% 1-May-01 1-May-31 30.0 55,191 FNMA 605415 Pooled -Dana 6.625% 5.2% 1-Aug-01 1-Aug-31 30.0 SO FNMA 650970 Pooled -Dana 6.969% 6.9% 1-Aug-01 1-Jul-32 30.9 510,297 FNMA 709092 Pooled -Dana 6.913% 6.9% 1-Jun-03 1-Jun-33 30.0 527,961 FNMA 723661 Pooled -Dana 5.068% 5.19'0 1-Jul-03 1-Jul-33 30.0 526,164 FNMA 761737 Pooled -Dana 3.720% 3.89'0 16-May-05 1-Dec-33 28.6 575,764 FNMA 725462 Pooled -Dana 5.217% 5.4% 1-Apr-04 1-Jan-34 29.8 523,114 FNMA 791573 Pooled -Dana 4.968% 6.7% 1-Jul-04 1-Aug-34 30.1 S30,460 FNMA 849207 Pooled -Dana 4.686% 4.7% 1-Jan-O6 1-Jan-36 30.0 5175,934 FNMA 555624 Pooled -Dana 5.4659'0 5.7% 1-Jun-03 1-Mar-38 34.8 534,030 FNMA 735967 Pooled -Dana 3.987% 4.1 % 1-Sep-05 1-Mar-38 32.5 566,131 FNMA 557073 Pooled -Dana 5.543% 5.9% 1-Sep-00 1-Jun-40 39.8 515,790 FNMA 110540 Pooled -Dana 5.282% 5.4% 1-Nov-90 1-May-20 29.5 511,377 FNMA 327446 Pooled -Dana 6.143% 6.5% 1-Oct-95 1-Auq-22 26.9 57,340 FHLMC 775572 Pooled -Dana 4.907% 5.2% 1-Sep-94 1-Jun-24 29.8 534,866 FHLMC 865469 Pooled -Dana 5.8659'0 5.9% 1-Dec-95 1-Aug-25 29.7 53,181 FHLMC 610416 Pooled -Dana 6.615% 6.5% 1-Mar-96 1-Mar-26 30.0 5469 FHLMC 755344 Pooled -Dana 6.086% 6.5% 1-May-00 1-Mar-28 27.9 56,024 FHLMC 645235 Pooled -Dana 5.340% 5.3% 1-Jul-00 1-Mar-29 28.7 52,874 FHLMC 846784 Pooled -Dana 6.187% 6.5% 1-Jul-00 1-May-29 28.9 56,873 FHLMC 786867 Pooled -Dana 5.892% 6.8% 1-Nov-99 1-Aug-29 29.8 510,082 FHLMC 846956 Pooled -Dana 6.315% 6.5% 1-Nov-01 1-Nov-31 30.0 56,244 FHLMC 847166 Pooled -Dana 4.1379'0 5.2% 1-Jul-03 1-Aug-33 30.1 531,125 FHLMC 847359 Pooled -Dana 5.202% 5.2% 1-Dec-04 1-Dec-34 30.0 542,593 FHLMC 865006 Pooled -Dana 6.935% 6.8% 1-Feb-89 1-Aug-18 29.5 53,238 FHLMC 865127 Pooled -Dana 6.1839'0 6.1 % 1-Aug-89 1-Mar-19 29.6 52,882 FHLMC 865476 Pooled -Dana 5.353% 5.3% 1-Apr-96 1-Feb-36 39.9 S1,885 FHLMC 865663 Pooled -Dana 5.540% 5.5°'0 1-Nov-00 1-Feb-30 29.3 53,586 FHLMC 765114 Pooled -Dana 6.295% 6.29'0 1-Mar-99 1-Jan-18 18.9 58,009 FHLMC 847427 Pooled -Dana 5.782% 6.9% 1-Jul-05 1-Sep-34 29.2 529,155 FHLMC 847058 Pooled -Dana 5.552% 5.5% 1-Aug-02 1-Aug-32 30.0 5129,962 FHLMC 611384 Pooled -Dana 5.941% 6.3% 11-Feb-05 1-Dec-32 27.8 $23,853 FHLB 6488 Pooled -Dana 4.120% 3.7% 12-Aug-05 23-Mar-07 1.6 5149,250 Accrued Interest 4.120% 58'078 Income Receivable 52,491 Average Yield 5.40% 1,763,360 Total $5,665,998 Investments 060930 Page 5 1 T~~T Tr TO: STAN ZEMLER ~nl1 Or r~ ` Town Manager FROM: HEATHER TRUB, COMMISSION ON SPECIAL EVENTS (CSE) KRIS FRIEL, COMMUNICATIONS GREG RAILE, INFORMATION TECHNOLOGY MIKE VAUGHAN, VAIL FIRE/EVENTS REVIEW COMMITTEE PAM BRANDMEYER, ASSISTANT TOWN MANAGER DATE: 01 FEB07 RE: RECOMMENDATION RE: CSE SPECIAL EVENTS HANDBOOK The above subcommittee met December 11, 2006, with both remaining proposers soliciting the award of the CSE Special Events Handbook. Unanimously, the subcommittee recommends the following: 1) Sybill Navas, as administrator for the CSE, will provide oversight and support for the project, along with Pam Brandmeyer, who will act as the project manager. 2) Because no decision was made to roll forward the remaining $20,000 in the '06 CSE budget which had been allocated in '06 for this special project, staff will begin the process and research costs to complete the project. Because the project will be handled internally, staff estimates the project can be completed for between $5,000 - $10,000. Staff will return with a request for an '07 supplemental. 3) A "Discovery Process" will commence where event promoters and TOV staff are interviewed to assess how the current process is "user friendly," what needs to be modified, what forms would best allow the special event process to move forward seamlessly, and so on. 4) These outcomes would then be applied directly toward what technology support is required in order to integrate both a print piece with an interactive on-line piece. What this subcommittee learned from these final interviews is at this point, technology should be left out entirely. There are numerous "unanswered" questions that will not have credible answers until this conversation occurs, e.g.,: - There is no maintenance budgeted for this application. How is this funded? What is the cost? - How will future use be handled? - Who owns the application? - Will the town be required to buy supporting software, and if so, what sort of training will TOV staff need in order to support this software? Or should a separate contractor be hired under the supervision of the project manager? The committee believes this is an evolving process. We have more questions than answers. Somehow, the carts in front of the horse, and we're looking at our technical staff to supply answers to questions we haven't yet articulated. Between all the parties involved in this process, there exists no consensus on "what we want or need." The Event Review Committee (a TOV internal special events committee separated from the Design Review Team to look specifically at special events) and the special event 75 South Frontage Road • Uail, Colorado 81657 • 970-479-2106 /FAX 970-479-2157 • www. vailgov. com RECYCLED PAPER promoters were not represented in any discussions during the development of the CSE Handbook RFP. This is a stumbling block and a potential downfall for this project. Nominal dollars should be spent in this initial phase to mediate the interview discovery process. That input will then be returned to the CSE for their input. At this point: 1) Navas/Brandmeyer would hire technical support who would report directly to them to develop the application for the handbook; or 2) Amore specific, relevant RFP would be formulated to solicit proposers who can fulfill CSE's desired outcomes. The subcommittee and staff are prepared to moved forward with the support and direction of the Town Council. The subcommittee suggests as a timeframe a 4-6 month period for completion of the project. i' - ~ - god ~ ~2 ~ fi~ HARRY FRAMPTON ~s Pp 4 • v ] 00 EAST THOMAS PLACE W ~ P.O. DRAWER 2770 U' AVON, COLORADO S1C,20 MAIN PHONE 970.54>.9200 ` DIRECT DIAL 970.'4A.7~80 CELL 970.39.8753 ~y7 T~ FAX 970.S4>.7205 East W eSt 1 aTtT1eTS hframptonC'eastwestparcners.com VA41 HAWAII RES 970.477.5700 RES 808.325.3215 RES FAX 970.4775701 RES FAX 805.325.6296 x ~ q - u '@ ic~°u'-*arl r ,[3. ~ o-`.7'; t ~ W: e ~ _ c ~'•+ie" ~ x ' a ~~r~ ~ sP. ~ ~ ~ ~ t r a;r - ~v..p"°';s ~ ~ _ - s'. i a ~ ter' - ~ x„ , > , 4.:. .t''~ -.w'. r,;,s ii :.%~.:.ayq"~r3.~, 2,~ ~~~-•Fv -~,,~y~, „ ~ t3:iY•`'~ t ~ ' ~ ~ ~ s a ~ - '-ate°_~~;.' 4 ~ g~ t ~y~ 3~ ~ ' ' ? ~ f ~ _ ~ ~ his, ..s~,,.r... - , °~x : _ - n~:t ° ~ Frx ;tea r a ..a ~J F. t` a§~ {r f+o-,<f 't ,.a'(. 4~i.+4 t,:,~f~~ ,:J ! .iq 4' q;~ - y J ~ , =r• a~ rf~d}. ~^ri;` t~' : W^ ~ 5++~~~d t F , E,~~, .r yP`f ' ,y~.+j,~~~J jtd*~ t' 4'9i,., „r. ~i{,y ;s' ~ + 'g,.a..'4! f£`~~,' 1 .n 31° sES:~,t. 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I can testify that of the developers I've encountered in 8 years at the Town of Eagle, that at all levels, East West Resorts gets the highest marks. The relationship between the Town of Eagle and East West began with the conceptual proposal of (West) Eagle Ranch in 1996, and through the "final" annexation and development plan approval in 1999. The working relationship continues to be very positive today, ten years later. • Unlike many developers, Eagle Ranch has sought to add value to the project at every opportunity. They have followed through on all agreements, and conditions, and in cases gone far beyond those initial requirements. When Vail Valley Hospital and Valley View Hospital proposed a joint venture to locate a medical campus within the community, East West responded by amending its development plan, and dedicating a significant parcel of land originally approved for residential development in order to make the joint venture a reality. Ground breaking took place this past week. From the beginning, East West showed that it could work cooperatively and creatively with the public, local organizations, staff and elected officials. As this development effectively doubled the land area and population of Town, the sensitivity with which early negotiations and input was handled proved especially telling. Their follow- through has insured that this proj ect is viewed as a successful addition to Eagle and the surrounding community. East West has gone the exra- mile, whether seeking state grants for stream improvements, coordinating (and paying for) a citizen-built playground at Brush Creek Park, contributing financially towards the Eagle Pool, or dedicating land for various uses, including an elementary school. They have demonstrated great patience and expertise in dealing with state and local agencies, and private land owners to gain - approval for a complex traffic improvement on Highway 6. Please feel free to contact me regarding our relationship with East West Partners. , ~cere~v 9 - • ~ Jon~Stavney E Mayor of Eagle ~ ~ Post Office Box 975 400 Benchmark Road Avon... a smoke free community Avon, Colorado 81620 970-748-4000 o L o R n D o 970-949-9139 Fax Relay recogni4ed www.avon.oa•g July 24, 2006 Mr. Russell Forrest Director Community Development Department 75 Frontage Road Vail, CO 81657 Dear Russ, It is my understanding that East West Partners is adeveloper-candidate for the Town's redevelopment of the Lionshead parking structure. As you know East West Partners has recently completed a very complex zoning and Planned Unit Development process with the town of Avon...the RiverFront Village (formerly known as the Confluence). This mixed use project is comprised of a 300+ key Westin Hotel, 100+ Westin branded timeshare units, 100+ whole ownership condominiums as well as a retail plaza, spa and restaurant space. Throughout the lengthy review and public hearing process (16 public hearings), East West Partners conducted themselves with integrity and in a competent manner. They were very open, thorough in their analysis and sensitive to the Town's planning issues and goals for the project. Their project is the keystone for the continued evolution and build-out of the town center area. We are particularly pleased with East West Partners' ability to develop an architecture that is not a repeat of Beaver Creek, but contextual for the Riverfront Village site located on the banks of the Eagle River within the Town of Avon. We believe the architecture will set the quality and design standards for further redevelopment within the Town and are very pleased with its character and the benchmark that it has set. Please do not hesitate to contact me with any questions you may have. Bes regards, R n of of yor Town of Avon • oa~ ~~~s,r v.E • 1884 - July 12, 2006 Puilding .Engineering ®Planning Mayor Rod Slifer Town of Vail 75 South Frontage Road West Vail, CO 81657 Subject: Reference Letter for East West Partners Dear Mayor Slifer, I have been contacted by Jim Hill, local Partner for East West Partners in Park City requesting a letter of reference related to the Lionshead development competition in Vail. East West Partners has been active in the Park City community since 2003 developing ski homes and condominiums at Empire Pass /Deer Valley. Their Park City team has earned the trust of our Planning Department specifically, and our City government generally. They have been good to work with and in our experience have done what they said they would, displaying integrity. • One of Park City's goals is to be a world class resort destination, and we consider East West good partners in helping achieving that goal. They have displayed professionalism in delivering a complicated project in a complex mountain environment. They have blended well into the Park City and enjoy a strong positive reputation as citizens and contributors to our community. If you would like to speak with me directly regarding East West or specific projects they have developed in Park City, I would be most happy to do so. My telephone number is (435) 615-5062. Sincerely, v J. Patrick J. Putt Planning Director Park City Municipal Corporation cc: Tom Bakaly, City Manager • Park City Municipal Corporation • 445 Marsac Avenue • P.O. Box 1480 • Park City, UT 84060-1480 Building (435) 615-5100 • Engineering (435) 615-5055 • Planning (435) 615-5060 Fax (43.5) 615-4906 N IOTO . ~ . Iuly 20, 2Q06 The Honorable Rodney E. Slifer Mayot, Tows of Vail 7s south r..,..~.ge Road veil, co 8 ~ ~s~ RE: East West >?srtnerslLionshead Redevelopment Dear il~ayor SN~Fer.: arrt~ writing to nnost highly recommend East WGSt PerEners to the Town of Vail as t1i® dweloper for your important redevelopment project an the site of the cu...,,~„t)(.ioashead parking structu=c. £sst West partners participated in a competitive process to develop perhaprs the most imY~. mat piece of rest estatie is Charleston. Tficy were selected, and dosigpcd sud constructed • ' what has p[oven to be a fabrulously successful and beautifully designed and constrnctAd series of buildi~s slang our lieatttiful Wat~.:.~..~~ Park. East West Partners not only lived up to every cammitmeat made to the city but exceeded thcrrt. As a part of thus development they constructed n beautiful art gallery fa the city. The art gallery has became a gtnatly revered place in Ciiarlcstan in t#tc ~ sltorc years that it has been apes. AdditioaaI[y, tesidantia! buildings wee constructed that commanded even higher values than anyone wouid have e,.~.~.,tsd, bast Wcst Partners is aomnnitted to quality. They deliver on their cammi:....,..ts sad pct in a most aoaperatfve and re&ponsible manner. I c8nnot recommend them mono highly. I am eoRiideat that should theyr be given the opportunity to redevelop the Lionshead parking structure area, the '1'owra of. Vail atad its citizens will be vary pleased with the results. Please feel ;free to call. me i1t you have any questions_ M sincerely y , 7o ePh k. Miley, 7r. JPR,jrl/cb, _ yar, City of Charleston .4.s[~.~ds.~ ~iard~~160.! d~.fTs~ ~v~v .ems ~~7.1l~.~~1?' • Z'd 66S1~-EL6-Et~B a~ue~ anpuan i dZ1 =E0 90 TZ inC Town Council DeoartmentHeads 4J!S7G3 ~P' Tony Lashbrook, Town Manager Beth Ingalls, Mayor Scott Berry, Chief of Police Richard Anderson, Vice Mayor J. Dennis Crabb, TownAtforney John McLaughlin, Community Development Director • Crai F. Threshie, Councilmember a 9q9 David M. Heath, Administrative Services Director g +r i Judy Price, Town Clerk Joshua J. Susman, Councilmember °6lt+ht ~ -L- °r6t~d Alex Terrazas, Assistant to the Town Manager Barbara Green, Councilmember °Ieas ~ cn°°rp Daniel Wilkins Public Works Director/Town Engineer July 14, 2006 Rodney Slifer Mayor Town of Vail 75 South Frontage Road- West Vail, CO 81657 Re: East West Partners Dear Mayor Slifer, I have been asked by Roger l.essman to convey my experience in working with East West Partners on development projects in our community. As a matter of background, 1 have been employed with the Town of Truckee for over 12 years, the first 11 as the Community Development Director and the last 14 months as the Town Manager. I met Roger Lessman when East West Partners first came to our region approximately 7 years ago. At that time their focus was Northstar which is in Placer County adjacent to the Town of Truckee. Roger was interested in understanding the Town's issues associated with the buildout of Northstar which boiled down to providing for workforce housing and addressing the traffic impacts within the Town of Truckee. To their credit, the first phase of development proposed in Northstar included substantial workforce housing. They were the first, and until recently, the only developer in Eastern Placer County to commit to the construction of workforce housing units on-site and not pursue the payment of an in-lieu fee or some other less complicated method of mitigating the housing impact of their project. Their actions raised the expectations on resort developers to address their housing impacts. This proactive approach created a positive relationship with the Town of Truckee that has been sustained over several years. Beginning in the year 2000, East West Partners pursued two major resort projects in Truckee- Old Greenwood and Gray's Crossing. What is now Old Greenwood had been through a litany of land use approvals and changes with little happening until it was acquired by East West. Town staff worked closely with East West on a strategy to efficiently complete the entitlement process and get into construction. Being from Colorado, East West was appropriately skeptical of California processes, but worked with the Town to complete an environmental impact report, effectively address some local controversy, put together a complex financing plan and get into construction in nearly record time. East West gained local support for the project because once again they raised the bar in terms of open space dedications, significant additions to the community trait system, providing long term funding for open space acquisition and green • 10183 Truckee Airport Road, Truckee, CA 96161-3306 www.townoftruc kee.com Administration: 530-582-7700 /Fax: 530-582-7710 / email: truckee@townoftruckee.com Community Development: 530-582-7820 !Fax: 530-582-7889 / email: cdd@fownoffruckee.com Animal Control/Vehicle Abatement: 530-582-7830 /Fax: 530-582-7889 / email: animalcontrol@townottruckee.com Police Department: 530-550-2328 /Fax: 530-550-2326 / emai/; policedeparfinent@townoftruckee.com Letter to Mayor Siifer Page 2 site design, construction and management practices. Old Greenwood is nearing completion • and the on-the-ground reality has matched the Town's expectations through the entitlement process. Our experience in working through the Gray's Crossing project has been similar- in this case we collaborated to double the amount of workforce housing that we anticipated from the project with a mixture of 228 for-rent and for-sale units being developed to serve the local workforce. In their short time in the Truckee region, East West Partners and their employees have become an important component of our community through efforts as diverse as establishing an environmental fund through our community foundation to coaching youth sports and involved participation in many local organizations and non-profits. . hope that East West Partners will be an active participant in future development as Truckee nears buildout. In 25 years of government service I can honest{y say that I have never worked with a more professional, responsive and community minded company. i would be happy to share additional thoughts or answer your questions regarding East West Partners by phone or Email- tlashbrook(cr~.townoftruckee.com. rSinc ~ ly, ~'o~ny Lashbrook Town Manager • • 10183 Truckee Airport Road, Truckee, CA 96161-3306 www.townoftruckee.com Administration: 530-582-7700 /Fax: 530-582-7710 / email: truckee@townoftruckee.com Community Development: 530-582-7820 /Fax: 530-582-7889 / email: cdd@townoftruckee.com Animal ControlNehicle Abatement: 530-582-7830 /Fax: 530-582-7889 / email: animalcontrol@townoltruckee.com Police Department: 530-550-2328 /Fax: 530-550-2326 / email: policedepartment@townoftruckee.com COUNTY OF PLACER OFFICE OF ~o~ ~ COUNTY EXECUTIVE BOARD MEMBERS THOMAS M. MILLER, County Executive Officer _ BILL SANTUCCI JIM HOLMES 175 FULWEILER AVENUE /AUBURN, CALIFORNIA 95603 • District 1 District 3 TELEPHONE: 530/889-4030 ROBERT M. WEYGANDT EDWARD "TED" M. GAINES FAX: 530/889-4023 District 2 District 4 www.placer.ca.gov BRUCE KRANZ District 5 July 26, 2006 Mr. Rodney Slifer Mayor -Town of Vail 75 South Frontage Road -West Vail, CO 81657 Dear Mr. Slifer, It is with pleasure that I write this letter of recommendation for East West Partners of Truckee, California. Placer County has found East West Partners to be a responsible developer who actually does what they say they are going to do. They have proven their ability to deal with complex projects • with Placer County and other regional governmental entities, and have created and sustained a positive environment while doing so. Placer County has also found East West Partners to be extremely creative in resolving complex development issues which necessitates collaborative efforts. In summary, East West Partners is the type of developer that Placer County looks forward to working with. Please feel free to call me directly at (530) 889-4030 should you wish to discuss this recommendation further. Sincerely, COUNTY OF PLACER Thomas M. Miller County Executive Officer TM:sp • F o BEAVER CREED RESORT C O M P A N Y July 24, 2006 Stan Zennler Town of Vail 75 S. Frontage Road West Vail, CO 81657 Dear Stan, As Vail's sister resort, we applaud the Town of Vail's New Dawn renaissance initiative. Your efforts to revitalize Vail will ensure that Noi-tli Ainnerica's most popular ski resort destination is even better. and more popular than ever. Your $1 billion dollar public-private sector redevelopment strategy is robust and an astute leveraging of public tax dollars. Equally important, you are solicitiig very successful private sector development involvement and investment in your revitalization plans. • To that end, we would like to strongly endorse the involvement of East-West Partners in your plans to redevelop the Lionshead parking structure and adjacent property into a mixed-use development. hi my current capacity as Executive Director of the Beaver Creek Resort Company, I have had the opportunity and privilege of workiig with the prilcipals of East West Partners for 10 years. As you know, East-West Partners has designed atnd constructed the majority of conulnercial and multi-family development in Beaver Creek. Of particular relevance to your proposed Lionshead mixed-use development is East-West Partner's development of two mixed-use developments in Beaver Creek (Market Square and One Beaver Creek), which consist of over 250,000 square feet of retail, restaurant, residential, cultural, recreational and parking space. Both these mixed-use developments have Ueen a significant asset to Beaver Creek. Havilg previously managed rapid growth conununities in Texas azzd Florida, I have had the opportunity to work with some of the nation's largest and best developers (WCI, . Trenunel Crow, Lincohn Properties and Jolu1 Q. Hanunond). I would without reservation rate East-West Partners as the best developers I have ever worked with for the following reasons: ® East-West is focused on protecting a coimnunity's unique natural and built environment -while diversifying and strengthening the conununity's economic base. Y'.O. Box 5330 ~ Avon, Colorado 81620-5330 ~ (970) 845-5858 F'AX (970) 845-5345 • East-West has a stellar track record in fonnin ublic- rivate artnershi s g p p p p coin~nitted to high quality alid appropriate project scale and mix. ° East-West's extensive development experience has been focused on resort conununities and therefore has a unique understandilg of communities like Beaver Creek and Vail. ¦ East-West delivers physically attractive projects based on comprehensive urban and resort design standards. ¦ East-West has successfully integrated large parking garages into Waxed-use developments by providing ground-level retail spaces alld strategically located entry points. ° Finally, East-West is the only developer I have worked with that under-promises and over-delivers. Ili stun, I congratulate the Town of Vail for its bold vision and ilspired leadership to revitalize Vail, aizd thereby ensure Vail's future will be even brighter than its past. You could not ask for a better partner in tlis historic undertaking than East-West • Partners, as exemplified by their outstanding contributions ii Beaver Creek and elsewhere. Should you need any fiu-ther information about our 10 year relationship with East- West Partners please let n1e lciiow. Sincerely, Tony O ourke Executive Director Beaver Creek Resort Company cc: Mayor Rod Slifer Vail Town Council Members •