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HomeMy WebLinkAbout2007-08-07 Support Documentation Town Council Work SessionVAIL TOWN COUNCIL WORK SESSION AGENDA VAIL TOWN COUNCIL CHAMBERS 75 S. Frontage Road W. Vail, CO 81657 11:30 A.M., TUESDAY, AUGUST 7, 2007 NOTE: Times of items are approximate, subject to change, and cannot be relied upon to determine at what time Council will consider an item. Town Council will be provided lunch. 1. Warren Campbell ITEM/TOPIC: PEC/DRB Update. (15 min.) 2. Kathleen Halloran ITEMITOPIC: Long-term Capital plan. (30 min.) Judy Camp ACTION REQUESTED OF COUNCIL: Listen to staff presentation and provide comments. BACKGROUND RATIONALE: Capital maintenance and replacements will be a major portion of the five-year plans included in the 2008 budget process. STAFF RECOMMENDATION: None -information only. 3. Greg Hall ITEMlTOPIC: Discuss the purchase of six hybrid electric buses from Giltig Corporation. (10 min.) ACTION REQUESTED OF COUNCIL: Approve/ Deny Purchase of six transit buses. BACKGROUND RATIONALE: The Town has acquired permission to purchase six additional 40' low floor hybrid buses from the San Joaquin Regional Transit District. This is the same group from whom we ordered our second low floor hybrid in June. Their contract has an "options" clause that allows the purchase of additional coaches which they can allow other transit agencies to participate in. The price for each coach is $ 515,771, the same price we received in June for a total contract price for the six buses of $3,094,626. The town has secured one Federal Transportation Authority grants (2007) of approx. $432,600 for a net cost to the town of $2,662,026. The six buses that are being replaced are 1996 model years and are the original in-town low floor Neoplan buses. The FTA's minimum life expectancy is 12 years for a bus. These buses will bring the number of in-town hybrid buses up to eight with two more scheduled for replacement in 2011. The delivery of the buses and the expenditure is one year from the contract signing. Future Federal Transit Authority grant funding FY 2008, 2009, and 2010 has been identified by the town for our transit center. The town is expecting somewhere close to $5.6 million over the three year period. While we are receiving dollars for a transit facility, bus replacement grants are not allowed by the Colorado transit Coalition. STAFF RECOMMENDATION: Purchase six transit buses from Gillig Corporation. 4. Greg Hall ITEMl1'OPIC: Discuss the purchase of replacement parking structure gate, fee equipment, and software. (10 min.) ACTION REQUESTED OF COUNCIL: Approve /Deny Purchase of parking gate equipment. BACKGROUND RATIONALE: The parking equipment in the two garages was purchased in 1998. This is only the gate and ticket equipment and not the pay and display equipment. Parking equipment in general in Vail has lasted typically 7-9 years. An eight year replacement would be 2006. The town had anticipated the replacement of the Lionshead parking equipment with the redevelopment of the conference center site. Replacing the Village garage at the same time as all hardware and software needs to be compatible. Since this vote failed, we then saw a possibility of the replacement of the outdated equipment with the completion of the redevelopment of the Lionshead parking structure if we could wait. Over the past year two things have become apparent. The final completion of the Lionshead structure is further off than was originally anticipated and this past winter season we had significantly more breakdowns than the winter prior. The breakdowns were of the magnitude where we had lanes go out for weeks on end waiting for parts and service calls. Currently the parking equipment is budgeted in the capital budget in 2009. We have solicited quotes for replacement. Five proposals were received. A selection committee comprised of parking, finance and !T personnel was formed and the various venders were interviewed and the proposals were rated. Input was also obtained from Open Hospitality's parking consultant. It is staff's recommendation to move ahead the 2009 capital expenditure to 2007 and award the parking equipment contract to DGO/Federal APD for $390,348. Awarding the contract allows for installation and testing to be completed before the winter season. The contract allows the connection of our two outlying lots to be connected to the main control computer. Credit card hatching will be significantly updated and be performed on one computer line verses eight. The paper passes will be replaced with cards with micro chips and proximity readers. Vail Resorts is testing limited micro chip passes .this year and we could in the future have integrated passes. If we don't replace the equipment until 2009, we will have an increase in the operating budget over the next two years of $25,000-$40,000 each year. The amount of time equipment is down could be weeks like this last winter verses a day or two A final factor is when the Lionshead structure is to be finished in 2013, it will be time for another replacement of parking equipment which the developer currently has in his budget. STAFF RECOMMENDATION: Purchase the parking gate equipment from DGO/Federal APD for $ 90,348.00 and move the capital expenditure from 2009 to 2007. 5. Greg Hall ITEM/TOPIC: Discussion of Seibert Circle. (20 min.) 6. Stan Zemfer ITEMITOPIC: Discussion of Use Tax on Construction Material. Judy Camp (10 min.) Matt Mire ACTION REQUESTED OF COUNCIL: Review material in packet and discuss for clarification in preparation for evening discussion. BACKGROUND RATIONALE: At the evening meeting, Council will be asked to provide direction to staff on draft ballot language for a November election regarding a construction use tax. Time is set aside during the work session to assure Council has the information needed to discuss a proposed construction use tax in the evening. STAFF RECOMMENDATION: None -information only. 7. Warren Campbell ITEM/TOPIC: Update to the Vail Town Council on the current status of the Ever Vail applications, their review, and the process moving forward. (20 min.) ACTION REQUESTED OF COUNCIL: There is no action requested of Council at this time BACKGROUND RATIONALE: The redevelopment of the area known as Ever Vail is an intricate project with many applications and steps within the development review process. Staff and the Vail Resorts Development Company have scheduled a work session with the Vail Town Council in an effort #o communicate the current status of the review process for Ever Vail. A presentation to the Vail Town Council will include the review steps that are completed and the anticipated future steps in the review of the Ever Vail redevelopment. 8. George Ruther ITEM/TOPIC: 2007/2008 Housing Work Plan Presentation. (15 min.) BACKGROUND: The Community Development Department has prepared a housing work plan for August 1, 2007 to July 31, 2008. Staff will present the drafted work plan to Town Council for .your information and so that Town Council will understand what projects the housing staff is working on. ACTION REQUESTED OF COUNCIL: Listen to the presentation and ask questions about the housing work. plan. 10. ITEM/TOPIC: Information Update. (10 min.) 11. ITEM/TOPIC: Matters from Mayor & Council. (10 min.) 12. Matt Mire ITEM/TOPIC: Executive Session, pursuant to 1) 24-6- 402(4)(a)(e) - to discuss the purchase, acquisition, lease, transfer, or sale of property interests; to determine positions, develop a strategy and instruct negotiators, Re: Town property; 2) 24-6-402(4)(b) to receive legal advice on specific legal questions, Re: Use Tax; 3) 24-6-402(4)(a)(b)(e) - to discuss the purchase, acquisition, lease, transfer, or sale of property interests; to receive legal advice on specific legal questions; and to determine positions, develop a strategy and instruct negotiators, Re: The LionsHead Parking Structure Redevelopment and draft Development Improvement Agreement. (120 min.) 13. ITEMlTOPIC: Adjournment. (4:00 p.m.) NOTE UPCOMING MEETING START TIMES BELOW: (ALL TIMES ARE APPROXIMATE AND SUBJECT TO CHANGE) THE NEXT VAIL TOWN COUNCIL REGULAR WORK SESSION WILL BEGIN AT TBD, TUESDAY, AUGUST 21, 2007 IN THE VAIL TOWN COUNCIL CHAMBERS. ~~m ~T~~ ~~~ PROJECT ORIENTATION MEMBERS PRESENT Mike Dantas Tom DuBois Brian Gillette Pete Dunning DESIGN REVIEW BOARD AGENDA PUBLIC MEETING August 1, 2007 3:00 P.M. Council Chambers MEMBERS ABSENT Margaret Rogers PUBLIC HEARING -TOWN COUNCIL CHAMBERS Giordano Residence DRB07-0283 / 10 minutes Final review of new construction (single family residence and EHU) 1107 and 1109 Vail Valley Drive/Lots 7 and 8, Block 6, Vail Village Filing 6 Applicant: Donna Giordano, represented by VAG, Inc. Architects and Planners ACTION: Approved MOTION: Dantas SECOND: Gillette VOTE: 4-0-0 2. Jaffe Residence DRB07-0287 / 10 minutes Final review of new construction (two-family residence) 789 Potato Patch/Lot 23, Block 1, Vail Potato Patch Applicant: Tom Jaffe, represented by Segerberg Mayhew Architects ACTION: Approved MOTION: Dantas SECOND: Gillette VOTE: 4-0-0 3. Steingraber Residence DRB07-0313 / 20 minutes Conceptual review of new construction (single family residence) 1028 Riva Glen/Lot 1, Spraddle Creek Estates Subdivision Applicant: Fred Steingraber, represented by Berglund Architects ACTION: Approved MOTION: Dantas SECOND: Gillette VOTE: 4-0-0 4. Colorado Ski Museum DRB07-0350 / 20 minutes Final review of a minor alteration (exterior renovations, signage, lighting) 241 East Meadow Drive/Lots B,C, Block 5D, Vail Village Filing 1 Applicant: Town of Vail ACTION: Tabled to August 15, 2007 MOTION: Dantas SECOND: Du Bois VOTE: 4-0-0 2:OOpm 3:OOpm Bill/ Warren Bill/Warren Scot Warren Page 1 Staff Approvals The Guilded Spruce DRB07-0272 Scot Final review of a sign 183 Gore Creek Drive/Lot A, Block 5B, Vail Village Filing 1 Applicant: Lew Meskimen Esrey Residence DRB07-0288 Scot Final review of a minor alteration (deck addition) 1314 Spraddle Creek/Lot 15, Spraddle Creek Estates Applicant: William and Julie Esrey, represented by Zehren and Associates Wilhelm Residence DRB07-0310 Final review of a minor alteration (snowmelt) 4289 Nugget Lane/Lot 5, Bighorn Estates Townhouses Applicant: Robert and Karen Wilhelm Bill Baker Residence DRB07-0316 Warren Final review of change to approved plans (retaining wall material, ramp) 1428 Moraine Drive/Lot 14, Dauphinais-Moseley Subdivision Applicant: Charles and Carol Baker Steane Residence DRB07-0317 Final review of change to approved plans (landscaping) 1864 Glacier Court/Lot 26, Block 2, Lions Ridge Filing 3 Applicant: Jim Steane, represented by Shad Blakey Joe Syman Residence DRB07-0318 Bill Final review of change to approved plans (landscaping) 82 West Meadow Drive/Lot 1, Vail Village Filing 2 Applicant: Gary Syman, represented by Landscape Technology Group Burch Residence DRB07-0319 Final review of change to approved plans (windows) 680 West Lionshead Place/Lot 3, Block 2, Vail Lionshead Filing 3 Applicant: Tom and Robin Burch Resnick Residence DRB07-0320 Final review of a minor alteration (landscaping) 1800 Lions Ridge Loop/Lot 16, Dauphinais-Moseley Subdivision Applicant:. Jeffrey and Helen Resnick Warren Residence DRB07-0321 Final review of a minor alteration (landscaping) 4213 Spruce Way/Lot 13, Block 7, Bighorn 3`d Addition Applicant: Theodore and Jeanette Warren Shift Residence DRB07-0322 Final review of a minor alteration (landscaping) 4213 Spruce Way/Lot 13, Block 7, Bighorn 3`d Addition Applicant: Mike Shift, represented by Joshua Hubacher Warren Rachel Rachel Rachel Page 2 Jackle Residence DRB07-0323 Final review of a minor alteration (re-roof) 1672 Matterhorn Circle/Lot 23, Matterhorn Village Applicant: Sally Jackle, represented by Master Sealers Haley Residence DRB07-0324 Final review of a minor alteration (entry roof) 3988 Lupine Drive/Lot 2, Block 2, Bighorn Subdivision Applicant: Jim and Valorie Haley Spurway Residence DRB07-0325 Final review of a minor alteration (deck) 5166 Gore Circle/Lot 4, Block 2, Bighorn Subdivision, 5th Addition Applicant: Richard and Patricia Spurway Danson Residence DRB07-0326 Final review of a minor alteration (guard rails) 3005 North Booth Falls Road/Lot 18, Block 1, Vail Village Filing 13 Applicant: Alan and Silvia Danson Joe Rachel Rachel Rachel Morris /Welsh Residence DRB07-0327 Bill Final review of change to approved plans (roof configuration) 2945 Booth Creek Drive/Lot 3, Block 2, Vail Village Filing 11 Applicant: John Morris and Don Welsh, represented by Michael Pukas Dunietz Residence DRB07-0328 Bill Final review of change to approved plans (deck, spa) 770 Potato Patch Drive/Lot 6, Block 2, Vail Potato Patch Subdivision Applicant: Jack Dunietz, represented by Snowdon and Hopkins Architect, PC Friede Residence DRB07-0329 Final review of a minor alteration (deck material) 1100 North Frontage Road/Lots 6-9, Lions Ridge Filing 1 Applicant: Rachel Friede Joe Telemark Townhomes DRB07-0332 Warren Final review of change to approved plans (landscaping) 1083 Lions Ridge Loop/Lions Ridge Filing 1 Applicant: Telemark Townhomes Owners' Association, represented by Frank McCluer C.F. Ski, LLC DRB07-0333 Rachel Final review of a minor alteration (landscaping) 266 Forest Road/Lot 12, Block 7, Vail Village Filing 1 Applicant: C.F. Skin, LLC, represented by Brush Creek Landscaping and Tree Service Vail Racquet Club DRB07-0334 Rachel Final. review of a minor alteration (landscaping) 4695 Racquet Club Drive/Sunburst Filing 2 Applicant: Vail Racquet Club Owner's Association, represented by Steve Loftus Page 3 Ogilby Residence DRB07-0336 Rachel Final review of a minor alteration (landscaping) 2938 Kinnikinnick Road/Lot 6, Block 5, Vail Intermountain Applicant: Chuck Ogilby, represented by Abel Forestry & Fire Mitigation Adair Residence DRB07-0337 Final review of a minor alteration (landscaping) 3035 Booth Falls Road/Lot 12, Block 1, Vail Village Filing 12 Applicant: Katherine Adair, represented by Joshua Hubacher Rachel Landmark Condominiums DR607-0339 Rachel Final review of a sign 610 West Lionshead Circle/Lot 1, Block 1, Vail Lionshead Filing 3 Applicant: Landmark Condominium Association, represented by Fritzlen Pierce Architects 9 Vail Road DRB07-0340 Rachel Final review of a sign 9 Vail Road/Lots A,B,C, Vail Village Filing 2 Applicant: 9 Vail Road Condominium Association, represented by Fritzlen Pierce Architects Town of Vail DRB07-0351 Rachel Final approval of signs (bus stop destination signs on Town of Vail bus shelters) 75 S. Frontage Road/Unplatted Applicant: Town of Vail, represented by Mike Rose Bazley Residence DRB07-0352 Final review of a minor alteration (windows) 4718 East Meadow Drive/Bighorn Townhomes Subdivision Applicant: Kit Bazley, represented by Haller Construction Curfman Residence DRB07-0353 Final review of a minor alteration (re-roof) 4265 Columbine Drive/Bighorn Terrace Subdivision Applicant: Bob Curfman D.E.I., LLP DRB07-0354 Final review of a minor alteration (re-roof) 1765 Alpine Drive/Lot 33, Vail Village West Filing 1 Applicant: D.E.I., LLP, represented by Sheffield's Roofing D.E.I., LLP DRB07-0355 Final review of a minor alteration (re-roof) 1763 Alpine Drive/Lot 33, Vail Village West Filing 1 Applicant: D.E.I., LLP, represented by Sheffield's Roofing Joe Joe Joe Joe The applications and information about the proposals are available for public inspection during regular office hours in the project planner's office, located at the Town of Vail Community Development Department, 75 South Frontage Road. Please call 479-2138 for information. Sign language interpretation available upon request with 24 hour notification. Please call 479-2356, Telephone for the Hearing Impaired, for information. Page 4 _ ~~ ~~' ~r'1~+ PROJECT ORIENTATION MEMBERS PRESENT Mike Dantas Tom DuBois Pete Dunning Brian Gillette Margaret Rogers SITE VISITS DESIGN REVIEW BOARD AGENDA ,PUBLIC MEETING July 18, 2007 3:00 P.M. Council Chambers ..MEMBERS ABSENT 1. Jaffe Residence - 789 Potato Patch 2. Fallridge Townhomes - 1650 East Vail Valley Drive 3. Giordano - 1107/1109 Vail Valley Drive 4. Landers Residence - 1454 Greenhill Court Driver: Warren PUBLIC HEARING -TOWN COUNCIL CHAMBERS Giordano Residence DRB07-0283 / 15 minutes Final review of new construction (single family residence and EHU) 1107 and 1109 Vail Valley Drive/Lots 7 and 8, Block 6, Vail Village Filing 6 Applicant: Donna Giordano, represented by VAG, Inc. Architects and Planners ACTION: Approve with conditions MOTION: Gillette SECOND: None VOTE: None CONDITION(S): 1) The applicant shall construct an on-site mock-up of the proposed stone and Review Board for further review and approval prior to issuance of a building permit. 2) The applicant shall provide details on the stucco reveal and window trim and Review Board for review and approval prior to issuance of a building permit. The motion failed for lack of a second. ACTION: Tabled to August 1, 2007 MOTION: Dantas SECOND: Dunning VOTE:5-0-0 1:30pm 2:OOpm 3:OOpm Bill return to the Design return to the Design Page 1 2. Jaffe Residence DRB07-0287 / 15 minutes Bill Final review of new construction (two-family residence) 789 Potato Patch/Lot 23, Block 1, Vail Potato Patch Applicant: Tom Jaffe, represented by Segerberg Mayhew Architects ACTION: Tabled to August 1, 2007 MOTION: Dunning SECOND: DuBois VOTE: 5-0-0 3. Fallridge Condominiums DRB07-0294 / 10 minutes Scot /Warren Final review of a minor alteration (re-paint exterior) 1650 East Vail Valley Drive/Lot 2, Sunburst Filing 3 Applicant: Fallridge Condominium Association ACTION: Approved with condition(s) MOTION: Dunning SECOND: Dantas VOTE: 5-0-0 CONDITION(S): 1) The applicant shall use the colors Pecos and Torreon in place of Desert Lace and Abiquiu. 4. .Landers Residence DRB07-0279 Scot /Warren Final review of a residential addition (dormers) 1454 Greenhill Court/Lot 1, Glen Lyon Subdivision Applicant: John and Debra Landers ACTION: Tabled to August 1, 2007 MOTION: Dantas SECOND: Dunning VOTE: 5-0-0 5. Newman Residence DRB07-0302 / 10 minutes Warren Final review of change to approved plans (basement, canopy above garage door, windows) 3954 Bighorn Road/Lot 6, Landmarc Townhomes Applicant: Andy and Ann Newman, represented, by Tom Frye ACTION: Tabled to August 1, 2007 MOTION: Dunning SECOND: Dantas VOTE: 5-0-0 6. Solaris DRB07-0314 / 15 minutes Warren Final review of change to approved plans (transformer location) 143 East Meadow Drive/Lot P, Block 5D, Vail Village Filing 1 Applicant: Solaris Property Owner, LLC, represented by Michael Suman Architects ACTION: Approved with condition(s) MOTION: Dunning SECOND: Dantas VOTE: 5-0-0 CONDITION(S): 1) All the landscaping surrounding the transformers shall be evergreen trees. Staff Approvals Wells Residence DRB07-0238 Warren Final review of a minor alteration (pool deck, landscaping, trellis) 1067 Ptarmigan Road/Lot 4, Block 5, Vail Village Filing 7 Applicant: Mad Jack Trust, represented by Singer Burke & Company, LLP Beringause Residence DRB07-0240 Warren Conceptual review (dormer, entry, landscaping) 1190 Casolar del Norte Drive/Lot 6, Casolar Vail Applicant: Eric Beringause, represented by Fritzlen Pierce Architects Page 2 Kandell Residence DRB07-0249 Warren Final review of a minor alteration (deck) 4259 Nugget Lane/Lot 2, Bighorn Estates Applicant: Robert Kandell, represented by Painting by Jesse, LLC Nelson Residence DRB07-0251 Bill Final review of a minor alteration (fence) 2470 Chamonix Lane/Lot 3, Vail das Schone Filing 1 Applicant: Scott Nelson Langegger Residence DRB07-00252 Bill Final review of a residential addition (garage) 3807 Lupine Drive/Lot 3, Bighorn 2"d Addition Applicant: Hanna Langegger, represented by Steve Riden, Architect Kirby Residence DRB07-0255 Bill Final review of change to approved plans (landscaping) 217 Rockledge Road/Lot 13, Block 7, Vail Village Filing 1 Applicant: Steve Kirby, represented by Fritzlen Pierce Architects Felton Residence DRB07-0256 Warren Final review of a residential addition (entry, dining room) 4800 Meadow Drive/Lot 7, Riverbend at Vail Applicant: Barbara Felton, represented by Eric Borgerson OML Investments DRB07-0262 Warren Final review of change to approved plans (exterior materials, entry steps) 996 Ptarmigan Road/Lot 2, Block 4, Vail Village Filing 7 Applicant: OML Investments, Inc., represented by Jesse Rendon Vail Golf Course DRB07-0264 Joe Final review of a minor alteration (landscaping) 1778 Vail Valley Drive/Unplatted .Applicant: Town of Vail / Vail Recreation District, represented by Stephen Sarro Pomboy Residence DRB07-0265 Final review of change to approved plans (addition) 781 Potato Patch Drive/Lot 21, Block 1, Vail Potato Patch Applicant: Sissel Pomboy, represented by Nedbo Construction Warren Steinmetz Residence DRB07-0267 Bill Final review of change to approved plans (landscaping) 380 East Lionshead Circle/Lot 7, Vail Lionshead Filing 1 Applicant: Charles and Lynn Steinmetz, represented by Jeff Bailey Holcomb Residence DRB07-0268 Final review of a minor alteration (landscaping) 1101 Vail view Drive/Lot 11, Casolar Vail Applicant: Kellie Holcomb Joe Page 3 East Lionshead. Bus Stop DRB07-0269. Final review of a minor alteration (landscaping) Tract F/Vail Lionshead Filing 1 Applicant: Town of Vail Cook/Reichman Residence DRB07-0270 Final review of a minor alteration (landscaping) 4240 Spruce Way/Lot 2, Block 7, Bighorn 3rd Addition Applicant: Peter Cook, represented by Joshua Hubacher Woo Residence DRB07-0271 Final review of a minor alteration (landscaping) 4223 Spruce Way, Units A&B/Lot 14, Block 7, Bighorn 3~d Addition Applicant: Henry Woo, represented by Joshua Hubacher Anderies Residence DRB07-0273 Final review of change to approved plans (fence) 4800 Meadow Drive/Unplatted (Riverbend at Vail) Applicant: Julie Anderies and Jan Cline Treetops Condominiums DRB07-0275 Final review of a minor alteration (re-roof) 450 East Lionshead Circle/Lot 6, Block 1, Vail Lionshead Filing 1 .Applicant: Jeffrey Brown, represented by TCC Roofing Vail Mountain View Residences DRB07-0276 Final review of change to approved plans (temporary stairs) 442 South Frontage Road/Tract D, Vail Village Filing 5 Applicant: Lunar Vail, LLC, represented by Ron Constien Vail Mountain View Residences DRB07-0277 Final review of change to approved plans (landscaping) 442 South Frontage Road/Tract D, Vail Village Filing 5 Applicant: Lunar Vail, LLC, represented by Ron Constien Edwards Residence DRB07-0278 Final review of a minor alteration (windows, exterior door) 3971 Bighorn Road/Pitkin Creek Park Applicant: Clifford Edwards,. represented by Level Best Carpentry Landers Residence DRB07-0280 Final review of a minor alteration (re-roof) 1454 Greenhill Court/Lot 1, Glen Lyon Subdivision Applicant: John and Debra Landers Joe Joe Joe Warren Joe Warren Warren Rachel Scot Cerisola Residence DRB07-0281 Warren Final review of a minor alteration (re-paint) 754 Potato Patch Drive/Lot 3, Block 2, Vail Potato Patch Applicant: Pedro Cerisola and Andrew Oliver, represented by Snowdon and Hopkins Architects Page 4 The Balance Wheel DRB07-0282 / 10 minutes Final review of a sign 286 Bridge Street/Lots A,B,C, Block 5A, Vail Village Filing 1 Applicant: Kevin Cannell Ritz Carlton DRB07-0285 Final review of change to approved plans (staging plan) 934 South Frontage Road West/Unplatted Applicant: RCR Vail, LLC, represented by Todd Goulding Gold Peak Children's Center DRB07-0291 Final review of a minor alteration (entry doors) 498 Vail Valley Drive/Vail Village Filing 7 Applicant: Vail Associates, represented by Jeff Babb Veytia Residence DRB07-0292 Final review of a minor alteration (landscaping) 1726 Buffehr Creek Road/Lot 6, Lia Zneimer Subdivision Applicant: Carlos Veytia, represented by Abel Forestry & Fire Mitigation Helmering Residence DRB07-0295 Final review of change to approved plans (driveway material) 4269 Nugget Lane/Lot 4, Bighorn Estates Townhomes Applicant: Raymond and Doris Helmering Blum Residence DRB07-0296 Final review of a minor alteration (landscaping) 4250 Spruce Way/Lot 2, Bighorn Sub Addition 3 Applicant: Alfred Blum, represented by Joshua Hiabacher Dantas Residence DRB07-0297 Final review of changes to approved plans (block wall to boulder wall) 1772/1778/1788 Alpine Drive/Lots 10,11,12, Vail Village West Filing 1 Applicant: Dantas. Builders Inc. The Falls at Vail DRB07-0298 Final review of a minor alteration (garage doors) 3850 Fall Line Drive/Lots 1-23, Pitkin Creek Townhomes Applicant: The Falls at Vail Townhome Association, represented by Julie Hansen White Rock Properties DRB07-0299 Final review of change to approved plans (exterior color changes) 4057 Lupine Drive/Lot 4, Bighorn Subdivision Applicant: Restock and Sullivan, LLC Red Sandstone Creek Condominiums DRB07-0300 Final review of a minor alteration (landscaping) 955 Red Sandstone Road/Part of Block D, Lions Ridge Filing 1 Applicant: Red Sandstone Creek Condominiums, represented by Sean Koenig Scot Warren Bill Rachel Warren Warren Warren Warren Bill Warren Page 5 Edwards Residence DRB07-0301 Warren Final review of a minor alteration (enclose upper level decks) 1402 Moraine Drive/Lot 1, Dauphinais Moseley Subdivision Applicant: Dave Edwards, represented by Dauphinais Moseley Construction Goetz Residence DRB07-0303 Joe. Final review of a minor alteration (driveway material) 1853 Lions Ridge Loop/Lot 3, Block 3, Lions Ridge Subdivision Applicant: Raymond Goetz Pitcher Residence DRB07-0304 Warren Final review of a minor alteration. (landscaping) 1555 Aspen Ridge Road/Lot 3, Block 4, Lions Ridge Subdivision Applicant: Thomas and Kay Pitcher Wellman Residence DRB07-0305 Bill Final review of a minor alteration (deck extension) 2439 Chamonix Road, Unit B6/Lot 24, Block A, Vail das Schone Filing 1 Applicant: Mike Wellman Walsworth Residence DRB07-0306 Bill Final review of a minor alteration (deck extension) 2439 Chamonix Road, Unit B5/Lot 24, Block A, Vas das Schone Filing 1 Applicant: Stuart Walsworth Kramer Residence DRB07-0308 Final review of a minor alteration (windows} 3950 Fall Line Drive/Lot 15, Block 1, Pitkin Creek Townhomes Applicant: Steve Croke, Sawatch Land Company, Inc. Lions Mane Condominiums DRB07-0309 Final review of a minor alteration (re-roof) 1063 Vail View Drive/Lot A5, Block A, -Lions Ridge Filing 1 Applicant: Lions Mane Homeowners Association Town of Vail Information Center DRB07-0311 Final review of change to approved plans (solar panels) 241 East Meadow Drive/Lots B-C, Block 5D, Vail Village Filing 1 Applicant: Town of Vail Joe Warren Rachel Monogram Real Estate DRB07-0307 Bill Final review (site access changes) 745 Forest Road/Lot 7, Block B, Vail Lionshead Filing 3 Applicant: Monogram Real Estate, represented by K.H. Webb Architects Keen Residence DRB07-0315 Joe Final review of a minor alteration (re-roof) 3031 Booth Falls Road/Lot 13, Block 3, Vail Village Filing 13 Applicant: Steve Keen, represented by PBC Construction Page 6 The applications and information about the proposals are available for public inspection during regular office hours in the project planner's office, located at the Town of Vail Community Development Department, 75 South Frontage Road. Please call 479-2138 for information. Sign language interpretation available upon request with 24 hour notification. Please call 479-2356, Telephone for the Hearing Impaired, for information. Page 7 PLANNING AND ENVIRONMENTAL COMMISSION PUBLIC MEETING ,= July 23, 2007 ~° ~F t ~~ ~' 1:OOpm VAIL LIBRARY /COMMUNITY ROOM PUBLIC WELCOME MEMBERS PRESENT MEMBERS ABSENT David Viele Anne Gunion Dick Cleveland Rollie Kjesbo David Kurz Bill Pierce Bill Jewitt Site Visits: None 10 minutes 1. A request for a final review of an amended final plat, pursuant to Chapter 13-12, Exemption Plat Review Procedures, Vail Town Code, to amend a platted building envelope, located at 1314 Spraddle Creek Road/Lot 15, Spraddle Creek Estates, and setting forth details in regard thereto. (PEC07-0044) . Applicant: William and Julie Esrey Planner: Scot Hunn ACTION: Approved MOTION: Cleveland SECOND: Viele VOTE: 5-0-1 (Kjesbo abstained because he arrived late to the item presentation, Gunion absent) Warren Campbell made a presentation per the staff memorandum. The applicant had no comments. There were no public comments. Dick Cleveland said that he had no problem with the application because it did not seem to impact the neighbors. There was no other comment from commissioners. 30 minutes 2. A request for a work session to discuss the development review applications necessary for the review of the redevelopment of the properties known as "Ever Vail" (West Lionshead), located at 862, 923, 934, 953, and 1031 South Frontage Road West/Unplatted, and setting forth details in regards thereto. (PEC07-0019, PEC07-0022) Applicant: Vail Resorts Development Corporation, represented by Mauriello Planning Group LLC Planner: Warren Campbell ACTION: NO ACTION MOTION: SECOND: VOTE: Warren Campbell briefly introduced- the item and introduced Dominic Mauriello. Dominic Mauriello made a presentation on the review process for the EverVail project. He first reviewed the applications that have already been submitted to various boards and commissions with the town and with CDOT. Page 1 Dominic Mauriello then reviewed the Preliminary Plan, which is a rare occurrence within the Town because most property has already been subdivided.. A rezoning of the property would then occur. Following rezoning, the conditional use permit for the parking structure would be submitted. Next, a major exterior alteration, additional conditional use permits, text amendments and the final plat would happen in order to make this project happen. The process flow chart was then reviewed on the powerpoint. This chart shows the sequencing of the events for development review. The key piece, according to Mauriello, are the CDOT approvals. Warren Campbell then spoke regarding the process and working with Dominic. He noted that the steps are difficult to understand in a graphic format. As stated, on August 13, the preliminary plan will be brought before the PEC. He said he would try to educate the group on the preliminary plan, as this is something that is not commonly reviewed by the PEC. Following that, an application for a recommendation on a rezoning of the new parcels, including the CDOT ROW, would come before the PEC. The two applications cannot move forward until the CDOT approval occurs. It is anticipated that the approvals will go well, as it is a positive change for both CDOT and the Town. There is a meeting on Wed with Tom Kassmel and Greg Hall to discuss the CDOT application. Again, the critical path is the CDOT approval. We are hoping that at some point, a Memorandum of Understanding could happen with CDOT in order to allow the rest of the process to proceed. David Viele asked if the town has condemnation rights on that property. Warren Campbell responded that CDOT has asked the Town to take over the CDOT right of way, but at this time, the Town has not proceeded with taking over the property because the road requires extensive investment for improvements. Dominic Mauriello said that he had spoken with the FHWA and they were very positive about the proposal Campbell went back to stating that these approvals would not become final until the CDOT approval and changes. There is a desire to begin the redevelopment of the Lionshead Parking Structure after the EverVail parking structure is complete. This is why the parking structure was taking a front seat in the application process. The rest of the chart lays out the individual items that come after. Bill Jewitt noted that this is a worksession, so there would be no formal order to public comment Mauriello said that while he was showing the right-of-way on the plat, the final layout of the road was not detailed on the plat. He said the general roadway would be noted, but not the details. Jim Lamont, Vail Village Homeowners Association, asked about acceptance and abandonment of the roadway. He then asked about the parking structure component, and that the road needs to be relocated in order to build the parking structure. Mauriello answered that the parking structure could still happen even if the new road is built. Jewitt asked if the project would happen if the CDOT approvals would not go through. Mauriello answered that the structure could be built regardless because Vail Resorts owns that property. However, the project may not proceed if CDOT approval does not occur. Page 2 Lamont continued to ask whether the parking structure could proceed without CDOT right-of-way and asked whether the structure could function without moving the road. Mauriello answered that there are many options to getting the parking structure built without the road moving. Access roads could be built to access the parking structure from the existing Frontage Road. Lamont asked what the start date would be if CDOT approvals went through. Tom Miller of Vail Resorts Development Company answered Summer 2008, with construction lasting 14 months. Mauriello continued that there needs to be room for the snowcat maintenance yard during the parking structure development. Lamont asked whether 2010 would be the start date for the Lionshead Parking Structure. Jewitt answered that this is a different project with a different developer, and that could not be answered here. Campbell said that the Lionshead Parking Structure could possibly start as soon as the EverVail structure is completed. Lamont asked if Simba Run will occur concurrently to the EverVail road straightening. Campbell said that as some of the product was being approved for EverVail, this is when the Simba Run underpass would be discussed. Lamont asked if Simba Run is being discussed with CDOT during these meetings. Campbell said he wasn't sure. Kent Crain, Alpine Engineering, said that documents he is working on with Greg Hall include the Simba Run underpass. They are making sure that the underpass will occur regarding grade changes and other issues with putting in the Slmba Run underpass after EverVail is complete. Lamont asked if the Simba Run underpass was required for EverVail. Tom Miller responded that the underpass is included in all of the documents, but is not a requirement of the development. Lamont responded that the Tax Increment Financing discussion included the underpass. Jewitt responded that the PEC did not see the presentation on TIF, and it was not appropriate for PEC. The commissioners had no further comment. 15 minutes 3. A .request for a final recommendation to the Vail Town Council, pursuant to Section 12-3-7, Amendment, Vail Town Code, for proposed text amendments to Chapter 14-2, Definitions, Vail Town Code, to provide definitions for terms of art, and to Chapter 14-6, Grading Standards, Vail Town Code, for proposed changes to the grading standards, and setting forth details in regard thereto. (PEC07-0041) Applicant: Town of Vail Planner: Rachel Friede ACTION: Table to August 27, 2007 MOTION: Kjesbo SECOND: Cleveland VOTE: 6-0-0 Page 3 4. A request for a final approval of a preliminary plan for a major subdivision, pursuant to Chapter 13-3, Major Subdivision, Vail Town Code, to allow for the creation of two new lots necessary for the redevelopment of the properties known as "Ever Vail" (West Lionshead), located at 862, 923, 934, 953, 1031 South Frontage Road West, and the South Frontage Road West right of way/Unplatted (a complete legal description is available for inspection at the Town of Vail Community Development Department), and setting forth details in regard thereto. (PEC07-0020) Applicant: Vail Resorts Development Company, represented by Thomas Miller Planner: Warren Campbell ACTION: Table to August 13, 2007 MOTION: SECOND: VOTE: 5. A request for a final recommendation to the Vail Town Council for a zone district boundary amendment, pursuant to 12-3-7, Amendments, Vail Town Code, to allow for a rezoning from Arterial Business District to Lionshead Mixed Use 2, located at 953 and 1031 South Frontage Road (a complete legal description is available for inspection at the Town of Vail Community Development Department), and setting forth Details in regard thereto. (PEC07-0021) Applicant: Vail Resorts Development Company, represented by Thomas Miller Planner: Warren Campbell ACTION: Table to August 13, 2007 MOTION: SECOND: VOTE: 6. A request for a final recommendation to the Vail Town Council, pursuant to Section 12-3-7, Amendments, Vail Town Code, for proposed text amendments to Title 11, Sign Regulations, and Title 12, Zoning. Regulations, Vail Town Code, to allow for amendments to regulations pertaining to outdoor display, sales signs, menu boards, and setting forth details in regard thereto. (PEC07-0043) Applicant: Town of Vail and Vail Chamber & Business Association Planner: Rachel Friede ACTION: Tabled to August 13, 2007 MOTION: SECOND: VOTE: 7. A request for a final review of a variance from Section 12-6D-6, Setbacks, Vail Town Code, pursuant to Chapter 12-17, Variances, to allow for an addition within the west side setback, located at 2570 Bald Mountain Road/Lot 33, Block 2, Vail Village Filing 13, and setting forth details in regard thereto. (PEC07-0036) Applicant: Ed Williams, represented by William Hein Associates Planner: Bill Gibson ACTION: Tabled to August 13, 2007 MOTION: SECOND: VOTE: 8. A request for a worksession to discuss a major amendment to a Special Development District (SDD), pursuant to Section 12-9A-10, Amendment Procedures, Vail Town Code, to allow for an amendment to Special Development District No. 17, Ramshorn, to allow for the redevelopment of Ramshorn Lodge, located at 416 Vail Valley Drive/Block 3, Vail Village 5th Filing and Tract F-1, Vail Village Filing 5, and setting forth details in regard thereto. (PEC07- 0038) Applicant: Ramshorn Lodge, represented by Pylman & Associates, Inc. Planner: Scot Hunn ACTION: Table to August 13, 2007 MOTION: SECOND: VOTE: Page 4 9. A request for a worksession to discuss a major exterior alteration, pursuant to Section 12-7H-7, Major Exterior Alterations or Modifications, Vail Town Code, to allow for the redevelopment of the Rucksack Building, located at 288 Bridge Street/Lot D, Block 5A, Vail Village Filing 1, and setting forth details in regard thereto. (PEC07-0039) Applicant: Jeffrey Selby ,Charles Rosenquist and Richard Brown, represented by Jay Peterson Planner: Scot Hun ACTION: Table to August 13, 2007 MOTION: SECOND: VOTE: 10. A request for a work session for review of a major exterior alteration, pursuant to Section 12-7H- 7, Major Exterior Alterations or Modifications, Vail Town Code, to allow for the redevelopment of the Lionshead Inn and Lionshead Inn Annex (Fogata), located at 701 and 705 West Lionshead Circle/Lot 1, Block 2, Vail Lionshead Filing 3, and setting forth details in regard thereto. (PEC07- 0027) Applicant: Lionshead Inn LLC, represented by Mauriello Planning Group LLC Planner: Warren Campbell ACTION: Table to August 13, 2007 MOTION: SECOND: VOTE: 11. A request for a work session for review of conditional use permits, pursuant to Section 12-7H-3, Permitted and Conditional Uses, First Floor on Street Level, Vail Town Code, to allow for attached accommodation units, lodge dwelling units, and multiple-family residential units on the first floor, and pursuant to Section 12-7H-5, Conditional Uses: Generally (On All Levels Of A Building Or Outside Of A Building), Vail Town Code, to allow for the development of a private parking lot, located at 701 and 705 West Lionshead Circle and Lionshead Inn Annex (Fogata)/Lot 1, Block 2, Vail Lionshead Filing 3, and setting forth details in regard thereto. (PEC07-0028) Applicant: Lionshead Inn LLC, represented by Mauriello Planning Group LLC Planner: Warren Campbell ACTION: Table to August 13, 2007 MOTION: SECOND: VOTE: 12. Approval of July 9, 2007 minutes MOTION: Cleveland SECOND: VOTE: 13. Information Update 14. Adjournment MOTION: Kjesbo SECOND: Cleveland VOTE: 6-0-0 The applications and information about the proposals are available for public inspection during regular office hours at the Town of Vail Community Development Department, 75 South Frontage Road. The public is invited to attend the project orientation and the site visits that precede the public hearing in the Town of Vail Community Development Department. Please call (970) 479-2138 for additional information. Sign language interpretation is available upon request with 24-hour notification. Please call (970) 479-2356, Telephone for the Hearing Impaired, for information. /Community Development Department Published July 20,2007, in the Vail Daily. Page 5 MEMORANDUM TO: Town Council FROM: Stan Zemler, Judy Camp, Kathleen Halloran DATE: August 2, 2007 SUBJECT: Long-Term Capital Analysis, 2007-2022 I. INTRODUCTION As part of last year's budget process (2007), staff presented a comprehensive discussion of the town's long-term capital needs, particularly as they related to maintaining existing facilities. The following is an update to the plan, including cost adjustments and current fund balances. IL ASSET MANAGEMENT The Town of Vail is responsible for the long-term care and maintenance of existing town managed assets with an estimated replacement cost of $350 million (excluding land) plus over $20 million of existing assets managed by the Vail Recreation District (VRD). These assets include infrastructure such as streets, bridges, storm sewers, street lighting, signs, and recreation paths. The town also has significant assets in buildings, parking structures, and other facilities such as bus stops, park restrooms, playgrounds, street furniture, planters, fountains, and public art. In addition, the town is responsible for many systems, such as security, computer software and hardware, communications, snowmelt, and irrigation. An extensive fleet of vehicles, buses, and equipment is also cared for. In addition, the town manages its open space lands as well as other parcels. Taking care of the town's existing assets is an important budgetary responsibility. Managers in the Public Works Department are responsible for evaluating short-and-long-term needs associated with facilities, transit and parking, streets and bridges, parks, buses, vehicles, and other equipment. These managers recommend schedules for routine and preventive maintenance for inclusion in the capital budget, and, when appropriate, make recommendations for replacement. III. FUNDING Primary funding to maintain and/or replace the town's existing assets and to build or acquire new capital assets comes from the Capital Projects Fund and the Real Estate Transfer Tax Fund (RETT). Major revenue sources for these funds include sales tax and real estate transfer tax. .Currently, 37% of total sales tax is directed to capital projects. All of the real estate transfer tax goes to the RETT Fund; however, a portion of 1 RETT Fund revenue is spent on annual operating costs including flowers, mowing, park restroom maintenance, etc. RETT Fund capital expenditures are also limited by ordinance to parks, recreation, open space and environmental sustainability. IV. FIVE AND FIFTEEN-YEAR PROJECTIONS The attached schedules include both the five and fifteen-year projections for Capital and RETT funds. Since this time last year, we have seen continued cost increases in construction materials, particularly asphalt, concrete, and other petroleum-based materials such as pipe, plastics, sealants, and carpet. Higher fuel costs are impacting almost all material costs. Local construction activity has increased demand for labor as well. The attached schedule is based on today's prices for construction materials with 5% annual increases in future years. These cost increases are highlighted in green on the five and fifteen-year spreadsheets. Revenue projections have been updated as well. New items requested are highlighted in blue, and changes in project timing are highlighted in yellow. The following items reflect cost increases or timing changes from the prior year's capital plan: Capital Proiects Fund • Increase in Sales Tax revenue projections totaling $5.0 million over the next five years. • 2007 forecasts were updated pending approval of the 2nd Supplemental Appropriation and include: a. Construction costs and related financing for the new W. Vail Fire Station were pushed from 2007 to 2008. b. Savings of $800K in the various streetscape projects in 2007. c. Parking equipment replacement of $400K was moved up to 2007 from 2009. d. Bus replacement was moved up to 2007 from 2008 to reflect when the town will contract for the buses. The 7 new hybrid buses will cost approximately $3.8M. • Design costs totaling $225K for neighborhood road and bridge reconstruction were moved up to 2008 from 2009. Entire cost was previously budgeted in 2009. • Projects related to potential developer agreements and/or funding from Tax Increment Financing (TIF) are included in total capital expenses, but are also identified separately (see page 5) to demonstrate funding that will offset those costs. 2 RETT Fund Increase in .RETT revenue projections totaling $4.1 million over the next five years. 2007 forecasts were updated pending approval of the 2nd Supplemental Appropriation and include: a. Savings of $200K in streetscape projects. b. Booth Creek playground improvements were pushed out from 2007 to 2011 to coincide with the park's redevelopment scheduled that year. c. $9.5K was added in 2007 to fund an initial design concept from the engineering results for recreational assets. d. $95.OK was added in 2007 to fund the final design related to engineering results for recreational assets. Capital projects for recreational assets managed by the VRD were updated for cost estimates provided by Borne Engineering over the next 5 years. The assets included are those identified as the town's responsibility under the current lease agreements. These amounts may change based on the final design (as mentioned above). Forest Health manager has requested an increase in annual funding for that program by expanding the duration from 20 weeks to 27 weeks. This request is still being analyzed for recommendation. V. CONCLUSIONS AND NEXT STEPS Costs to maintain and protect the town's existing assets are significantly increasing as construction costs skyrocket and the assets age. New projects also increase the amount needed for future maintenance as well as annual operating expenses. As we move forward with the 2008 budget and five-year projections, new funding sources for capital projects will need to be discussed along with capital project priorities and timing. At the August 7 Council meeting, staff will present a construction use tax ballot question for Council consideration. Other potential funding options include: bonding against tax increment financing (TIF); use of the $9.0 million raised for the conference center; and a mil levy increase. Use of conference. center funds and a mil levy increase also require voter approval and could not be implemented until 2009 at the earliest. Staff has reviewed the latest five-year projections for the Capital Projects and RETT Funds, focusing on prioritizing projects and evaluating the impact of delaying projects that do not fit within projected funding. The 2008 capital budget still needs to be balanced, which demonstrates the critical need for additional funding alternatives to maintain and improve our capital assets in future years. 3 Town of Vail Capital Asset Management 2007 - 2012 2007 - 2012 Total Capital Projects Funding ^As Is° 4.0% Sales Tax 46,874,223 Grants 7,465,577 Project Reimbursement 141,869 Lease Revenue 1,141,050 Interest Income & Other 428,350 Capital Projects Funding Total 56,051,069 On-Going Capital Maintenance: Parking Structures & Equipment 4,982,129 Buildings & Facilities 5,093,773 Capital Street Maintenance 8,899,995 Replace Buses 7,499,255 Fire Truck Rebuild /Refurbish 1,855,352 Public Safety Technology 1,304,000 Computer Equipment, Software, etc. 1,344,500 Other Equipment 68,800 Total On-Going Capital Maintenance: 30,827,804 Debt Service and Financin W. Vail Fire Stn Bonds (2,000,000) Main Vail Fire Stn Renovation Bonds (925,000) W. Vail Fire Stn Debt Service 496,275 Main Vail Fire Stn Renovation Debt Service 334,260 Timber Ridge Loan - Debt Service on Outstanding Bonds 13,730,184 Transfer from General Fund: Total Debt Service and Financing 11,635,719 Fund Balance at 12/31/06: 10,256,602 Fund Balance Available for Projects: 23,844,148 4 Town of Vail Capital Asset Management 2007-2012 Capital Project Fund (Carried-over from prior page) Fund Balance Available for Projects: Priority Proiects: Fire infrastructure improvements Buy-down Program West & East Meadow Drive East Meadow Drive-Streetscape Heat Village Streetscape Neighborhood Road Reconstruction Neighborhood Bridge Reconstruction Vail Heights / Chamonix Unit Pitkin Creek Unit Wendy's Property purchase East Vail Lodging Unit Total Priority Projects: Other Improvements I-70 Noise TOV Strategic Planning, Area Plans, etc Timber Ridge Debt Service Guar., Legal Intermodal Site /Transit Center Simba Run Underpass Frontage Road -Lionshead Frontage Road -Ford Park Main Vail Round-about Reconstruction Municipal Building Renovation N Frontage Road -West Vail Creekside Housing Improvements LH Auxilliary Building Renovation E. Vail Fire Station Remodel LH Information Center Renovation Donovan Park Pavilion -Ventilation Total Other Improvements: Total Capital Projects: Additional Funding Available/(Needed): 23,844,148 3,742,229 865,000 2,670,000 1,030,000 1,276,667 15,395,000 3,500,000 280,000 460, 000 2,000,000 172,550 31,391,446 2,087,575 588,286 957,558 7,000,000 19,500,000 8,815,000 5,635,000 3,600,000 2,400,000 7,513,000 850,500 1,015,000 775,000 550,000 400,000 61,686,919 93,078,365 (69,234,213) Potential Funding from Construction Projects /TIF Revenues: The following projects would not be completed without construction projects /developer involvement: The entire cost of these projects are included above; The below funding sources offset those costs, but leave the Town with additional funding needed. Total Potential Funding Simba Run Underpass 19,500,000 Intermodal Transit Center 1,450,000 Frontage Road -Lionshead 8,815,000 Frontage Road -Ford Park 1,000,000 Main Vail Round-about Major Reconstruction 3,600,000 N Frontage Road -West Vail 7,513,000 LH Auxilliary Building Renovation 1,015,000 LH Information Center Renovation 550,000 Total: 43,443,000 Potential Funding Potential Developer Lionshead LH Pkg Str & Fed'I / CDOT Agreements TIF EverVail TIF Agreements 7,000,000 6,950,000 5,550,000 1,450,000 1,915,000 3,900,000 3,000,000 1,000,000 2,000,000 1,600,000 7,513,000 1,015,000 550,000 17,993,000 14,300,000 4,600,000 6,550,000 Additional Funding Available/(Needed): (25,791,213) After Developer and TIF Funding Applied Town of Vail Capital Asset Management 2007-2012 2007 - 2012 Total Real Estate Transfer Tax (RETT) Funding "As Is" 4.0% Real Estate Transfer Tax 47,415,000 Grants /Donations - Project Reimbursement 184,065 Lease Revenue 791,635 Recreation Amenity Fees 452,400 Interest Income & Other 698,600 RETT Funding Total 49,541,700 On-Going Maintenance: Annual Mtce and Landscaping 10,749,912 Rec. Path Capital Maint 1,417,655 Tree Maintenance 419,796 Street Furniture Replacement 135,000 Total On-Going Capital Maintenance: 12,722,363 Fund Balance at 12/31/06: 8,956,388 Remaining Fund Balance: 45,775,725 Priority Proiects: Forest Health Management 2,375,325 ADA Compliance w/ VRD 126,848 VRD Agreements -Legal Counsel 102,444 Bike Lanes, Trails, Trailheads 5,146,116 Streetscape 1,970,000 Seibert Circle 699,095 Park, & Playground Capital Projects 7,023,477 " Recreation Capital Projects 3,301,500 Public Art 1,046,962 Bear Proof Containers 199,500 Alpine Garden Support 355,036 Black Gore Creek Sand Mitigation 635,000 Ford Park Master Plan -Improvements 4,825,000 Landscape Medians 570,000 Public Restrooms 420,000 Environmental Sustainability 1,500,000 Open Space Land Acquisition 551,019 Total Priority Projects: 30,847,322 Funds Remaining after Projects: 14,928,403 "NOTE: Recreational capital projects only include assets based on current lease obligations TOWN OF VAIL 2008 BUDGET SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE CAPITAL PROJECTS FUND - - Forecast 2007 (Revenue Sales Tax _ ~ 7,658,500 Federal Grant Revenue ,Eagle County Grant Revenue 500,000 Lease Revenue 187,800 Project Reimbursement 141,869 Earnings on Investments and Other -~ 417,500 Total Revenue I 8.905.669 Land 1 Property Purchases Vail Heights I Chamonix Lane Unit 280,000 Piikin Creek Unit 460,000 East Vail Lodging Unit 172,550 Bus Shelters _ Parking Structures Facilities Capital Street Maintenance Dobson Ice Arena Creekside Housing Improvements Street Light Improvements Fire infrastructure improvements Fire Truck Rebuild 1 Refurbish Patrol Car Video Cameras Jail & Municipal bldg Video System Upgrade Police Radio AMP in parking structures Document Imaging Software Licensing Computer Hardware Comm Dev Interactive Permit software 481,129 744,627 83D,000 7,900 80,099 111,229 589,352 97,000 Blue =New requests (*Not Approved) _ _ Green = price increasesladjustments _ _ _ Yellow =timing change No New Incl. Requests Requests' 2008 2008 2009 2010 2011 2012 Projectlnformation $ 7,178,000 $ 7,178,000 I $ 7,570,200 $ 7,864,350 ' $ 8,154,800 $ 8,448,373 37% of total sales tax projections 815,577 815,577 1,850,000 1,850,000 2,450,000 (Bus replacements $815K in'08 & $1.85M per year for Intermotlal site'09,'10,'11 plus $600K ' _ buses in 11 West Vail Fire Station (will carryover l0 2008 pending approval) 187,800 187,SD0 188,550 192,300 192,300. 192,300 Lease revenue from City Market & employee housing __ CDOT Reimbursement for Intergovernmental Agreement on Street R&M 10,850 10,850 - - - _ 07 incl. $174.5 from sale of Vail Heights unit; '08 based on 4.95% return; 2D09 and beyond zero because negative fund balances 8,192,227 8,192,227 9,608,750 9,906,650 10,797,100 8,640,673 ' _ 10,000 10,000 30,000 30,000 31,000 30,000 935,OD0 935,000 480,000 540,000. 910,000 1,055,000 '08 elevator replacmnl; significant structural repairs'08,'11_and'12 400,000 800,OD0 755,000. 970,000 500,000 1,285,000 08 request for $40DK remodel of vehicle wash facility;'10 re-roof and'11 HVAC repairs for the ' _ Library; 12 structural repairs PD ~ '08: to replace 20-yr old roads during water district project (searing up roads to replace water 1,625,000 i 1,625,000 1,505,000 1,510,000 1,245,000 1,245,000 lines); Curb & gutter repair at W.Vailround-about io coincide with CDOT's overlay of round- aboutsand frontage roads. - - 60,000 60,000 60,000 Need to gut plumbing; electrical wiring; roofing, etc. 75,000 75,000 75,OD0 _ 75,000 75,000 _ _ 50,ODO Add new street lights and refurbish residential lighting program 2,650,000 2 650 000 975,000 Maslerplan and design costs for W. Vail Fire Station; '08 shifted construction of W Vail station , , irom'07; Remodel of Main Vail station in 2010 after W Vail built 520,000 520,000 ~ _ 546,000 _ 50% pumper and refurbish Aerial Pumper'07, 'D8 Fire truck W. Vail ; 2011 refurbish extracation equip - 8,000 20,000 8,000 Equip will be out of warranty in'08; repair !replacement 8 software upgrades - 23,000 _ _ Replace video system & establish core system for future security add-on (2013) To allow far radio coverage in lower levels of parking structures -safely issue 92,000 350 D00 92 000 92 000 92,000 000 Contract position and scanner mtce for current & future imaging -annual cost of $92K; Add'I 92 , , , , $258K requested for'O8 is cost for historical documents to be done by 3rd party 20D8 for Windows automatic update for server "WSUS" ;Upgrade Microsoft products (Vista) on i - 8,500 73,D00 i all equipment, replacement PC's, server upgrades, AS400. These upgrades should occur every _ ~3-5 years 43,000 43,000 52,000 78,000 50,DOD 50,000 Scheduled rotation of PCs, printers and servers 25,000 U rade of Permit Plus software 7 Fire Suppression in Computer Rooms Website and e-commerce Vehicle Expansion Donovan Park Pavilion 1Gymnastics Facility Flammable storage 1 Mag Chloride containment _ Fiber Optics in Buildings Way Finding Improvements 1 Buy-down Program Rational Nexus Study E Vail Radio Tower Building Remodels Networking equipment CADIRMS Maintenance Paid for by Capital Fund Capital Replacement Expenditures West & East Meadow Drive East Meadow Drive-streetscape Heal ' Village streetscape _ _ Neighborhood Road Reconstruction I Neighborhood Bridge Reconstruction Parking Equipment Replacement _ 800 Radio Equipment Heavy Duty Tire Changer (22 yrs old) _ GPS far Buses Hybrid Bus Battery Replacement _ Office Equipment > $5,000 Replace Buses Replacement Paid for by Capital Fund ~_ Otherlmprovements __ I-70 Noise West Vail Area Planning TOV Strategic Planning ~LH Parking Structure Redevelopment __ __ Timber Ridge LegallZoning Timber Rid e Debl Service Guarantee TOWN OF VAIL 2008 BUDGET SUMMA_R_Y OF REV _ ENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE CAPITAL PROJECTS FUND Blue =New requests ("Not Approved) _ __ Green =price increasesladjustments _ _ _ Yellow =timing change No New Incl. ' Forecast Requests _ Requests' j 2007 2008 2008 2009 2010 2011 2012 Projectlnformation 35,500 20,000 12,000 12,000 12,000 20,000 12,000 12,000 Internet security & application interfaces; 2008 webcam for streaming video of Council meetings 44,800 i _ __ '07 CEO vehicle & truck for Public Works 29,634 50,000 400,000 ~ $50K furniture replacement; $400K to change ventilation & improve noise I I Flammable storage cabinets,Mag Chloride secondary containment 15,000 15,000 15,000 ~ _ 15,000 15,000 Cabling !Network Infrastructure; 2011, 2012 to repair, maintain & upgrade 9,896 - 30,000 ~ , I 500,000 2008: variable message sign central control software; 2012: new signs for parking structures 365,000 . 100,000 100,000 100,000 100,000 100,000 100,000 1,999 - 5,000_ 5,000 5,000 25,000 8,000 8,_00.0 Tower used for dispatch systems 50,000 55,000 61,000 ~On-going minor remodels of various Town facilities 45,000 - 32,000 25,000 Computer nehvork systems -replacement cycle every 3-5 years 92,500 50,000 43,000 50,000 100,000 50,000 50,000 County-wide "Computer Aided DispatchlRecortls M~ml System" (cost reducfion'08) 3,915,277 6,532,000 7,284,500 3,389,000 4,658,000 3,755,000 4,692,000 950,000 1,720,000 1,720,000 Savings of $150K in'07; '08 to construct streetscape, drainage, etc. from Library to Main Vail _ Fire Station; 1,030,000 _ _ Per Council's request 9121104; Savings of $150K reFlected in 2007 1,276,667 I Savings of $500K reFlected in 2007 - 150,000 150,000 2,065,000 6,240,000 6,940,000 Overhaul residential streets; shifted design costs lo'OB from'09;'09 Vail Valley Drive & Mill Creek area - 75,000 75,000 1,675,000 1,750,000 I Overhaul residential bridges; shifted design casts to'08 from '09; '10 Nugget Lane bridge I replacement (safety issue) 400,000 - - Equip replacement of $400K moved up to 2007 from 2009 - 495,500 495,500 227,000 48,000 Replacement of 1998 radios for PW, Fire, PD 17,500 ~ I 52,750 ~ _ _ i _ _ 40,000 (Scheduled replacement 17,000 - 56,535 9,000 ~ i'07 New copier for Comm Dev; '08 new generator for PD; '09 GIS Equip 3,642,605 - - 143,400 2,199,600 1,203,400 Moved from 2008 into 2007 to coincide wish timing of contract to purchase buses 7,586,522 2,440,500 2,497,035 4,119,400 10,189,600 8,143,400 88,000 837,575 250,000 250,000 - 250,000 250,000 250,000 ~ 250,000 ', 27,300 . 167,920 125,000 50,000 Carryover from'07 for implementation of Vail 2020 action steps;'09 Land use zone & plan ammendments -estimate only 76,299 I, Legal and consulting fees; Future costs expected to be reimbursed by developer _ 32,558 - _ Legal and consulting fees; Future costs expected to be reimbursed by developer 925,000 i 8 TOWN OF VAIL 2008 BUDGET _ SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALA_NCE_ CAPITAL PROJECTS FUND No New Incl. Requests Forecast Requests' i _ _ 2007 2008 _ 2008 Lionshead Improvements 89,764 ~~ Bic-Mass Study 50,000 ~~ Intermodal Site - ' Total Other Improvements 2,206,416 I~ 250,000 I 250,01 Discretionary Projects Simba Run Underpass Frontage Rd -Lionshead I LH Auxilliary Building Renovation __ LH_Informaiion Center Renovation Main Vail Round-about Major Reconstruction N. Frontage Rd -West Vail E. Vail Fire Station Remodel i Frontage Road -Ford Park Municipal Bldg - HVAC Renovation Creeksitle Housing Improvements Total Discretionary Projects ~ Total Expenditures W. Vail Station Bonds Main Vail Renovations Bonds W. Vail Station Debt Service Main Vail Renovations Debt Service Transfer for Debt Service Transfer From General Fund Transfer to General Fund Total Financing 'Revenue Over (Under) Expenditures Be inning Fund Balance_ Ending fund Balance Blue =New requests (*Not Approved) Green =price increasesladjustments _ Yellow= timing change 2010 2011 2012 Projectlnformation '.Design costs to implement Town improvements: Conslruciion costs for LH Redevelopment will be funded from developer contributions, TIF & other sources T Currently researching Bio-mass options __ 7,000,000 Federal funding included in revenue over a 3-year period at $1.85M per year 7,300,000 250,000 i 250,000 19,500,000 $16M at today's price; added 5% per year for inflation - - - - _ 8,815,000 1,015,000 (Subway (Youth Services location _ 550,000 3,600,000 - - - - 7,513,000 - l75, 000 5,635,000 _ i 2,400,000 _ 588,000 262,500 • - - - 9,173,000 41,480,500 i 16,620,785 9,222,500 10,031,535 7,883,400 22,147,600 21,321,4 - 2,000,000 2,000,000 __ _ 925,000 - _ _ (165,425) (165,4 - (31,914) (151,1 (2,322,497) (2,321,825)i (2,321,825) (2,320,363) (2,317,803) (2,323,C (2,322,497)' (321,825) (321,825)1 (2,320,363) (1,590,142) (2,639,6 (10,037,59~1,352,098)~, (2,161,133) (595,013) (13,831,092) (13,163,5 10,256,602 ~ 219,009 ~~ 219,009 (1,133,089) (1,728,102)_ (15,559,1 $ 219,009 $ (1,133,089)i $ (1,942,124) $ (1,728,102) $ (15,559,194) $ (28,723,C 46.71 Certificates of Participation (GOP's) 25 year term (COP's)15 year term 165,425), 151,173) 124,692) To fund debt service on all Town bonds 1,11 9 _ TOWN OF VAIL 2008 BUDGET SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE REAL ESTATE TRANSFER TAX Blue =New requests ("Not Approved) Green =price increasesladjustments Yellow =timing change REVENUE Real Estate Transfer Tax Federal Grant Golf Course Lease _ Lottery Revenue Project Reimbursements _ 'Earnings on Investments and Other _ Transfer from GF _ Recreation Amenity Fees Total Revenue EXPENDITURES RETT Collection Costs Park, Path & Landscape Maintenance Rec. Path Capital Maini Tree Maintenance Forest Health Managemenf _ VRD Agreements -Legal Counsel _ Street Furniture Replacement _ ADA Compliance wl VRD _ Katsos Ranch Bike Path Cascade Bike Path Timber Ridge-Buffehr Creek Rd separa Lionshead to Meadow Dr Streamwalk ADA & Safety improvemen Trailheatl Development (Improvement Village Streeiscape Design & Implemer Meadow Drive Streetscape Frontage Road Bike LaneslTrails Raw Water t Irrigation Control Stream Tract Encroachment Survey Big Horn Park -Per Safety plan Red Sandstone Park -Per Safety plan Retrofit Park Restrooms (heat) Park t Playground Capital Maintenance Public Art Art in Public Places -Project Mgmt Bear Proof Containers AI ine Garden Su ort No New Incl. Forecast Requests Requests' 2007 2008 2008 2009 2010 2011 2012 Projectlnformation 7,300,000 $ 8,230,000 $ 8,230,000 $ 9,100,000 $ 8,560,000 $ 7,425,000 $ 6,800,000 Arrabelle shifted from 2007 to 2008 123,018 126,708 126,708 130,509 133,800 137,100 140,500 ___ '~ 20,000 20,000 20,000 20,000 20,000 20,000 20,000 164,065 I VRD ADA compliance & Greenplay, Cascade Village, Holy Cross 184,700 - 200,OOO ' 200,000 75,000 77,300 79,600 _- 82,000 , 125,000 125,000 125,000 25,000 25,000 25,800 26,600 7,916,783 8,701,708 8,701,708 9,350,509 8,816,100 7,687,500 i 7,069,100 _ 365,000 411,500 411,500 455,000 428,000 371,250 340,000 5% of RETT Collections -fee remitted to the General Fund for administration 1,260,802 1,253,900 _ 1,253,900 1,360,453 1,401,267 1,510,185 1,592,553 Ongoing path, park and open space maintenance, project mgmt 234,837 222,789 _ 222,789 229,473 236,357 243,448 250,751 Capital maintenance of the town's recreation path system 104,796 60,000 60,000 60,000 65,000 65,000 65,000 Regular maintenance for tree health within the town (spraying, removing, new trees) 385,325 _ _250,000 470,000 380,000 380,000 380,000 380,000 Pine beetle mitigation in conjunction wl forest service 52,44_4_ _ 50,000 50,000 - - '08 Legal counsel for negotiations and re-writing of VRD leases. 20,000 _ 20,00.0 20,000 20,000 25,000 25,000 25,000 Additions and replacement of street furniture 126,848 Shared costs with VRD -recreational facilities 1,225,943 Resurface rec path from Sunburst to E. Vail 7,000 _ Widen recreation path from W. Haven to tennis courts i 675,000 _ ~ _ (Path from TimberRidge to Roost - - 202,500 -- - +} 225,000 225,OOOI 27,273 22,100 22,100 23,200 24,000 24,000 25,000 Improve trailheads; Continued need through 2012 (one trail per year) 720,000 1,250,000 ' 1,250,000 I '07 savings of $200K;'08 for West Meadow Drive (Library to Vail Road) - 1 275,000 275,000 1 675 000 715 100 Construct widened 6' shoulders along all frontage roads; first priority is Blue Cow Chute , , , , to East Vail; path from Vail Mtn School to E. Vail exit 10,388 ' ' Convert parks from Treated water to raw water 34,881 - 30,000 Suvey along Gore Creek 216,756 Reconstruction of playground per safety plan 58,000 _386,000 425,000 ~ Reconstruction of playground per safety plan; 20 years old 172,404 _ 250,000 _ _ '09 Tear down and rebuild (and enlarge) Ford park restroom 100,000 105,000 105,000 110,000 115,000 _ _90,000 80,000 To maintain playgrounds, restrooms, etc. 260,909 75,000 75,000 75,000 80,000 80,000 80,000 To purchase sculptures,artwork,etc. 66,000 62,167 62,167 64,032 65,953 67,932 69,970 AIF'P salary and operating expenses related to RETT _ _ 199.500 In TOV parks &trailheads; '07 bring our cans into compliance 54,080 56,243 56,243 58,493 60,248 62,055 63,917 Annual su ort 10 _ TOWN OF VAIL 2008 BUDGET SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE REAL ESTATE TRANSFER TAX __ ~ Blue =New requests ('Not Approved) _ _ _ __ Green = price increasesladjustments Yellow =timing change No New Incl. Forecast Requests Requests' _ 2007 2008 2008 2009 2010 2011 _ 2012 Projectlnformation Black Gore Creek Santl Mitigation 135,000 1.00,000 100,000_ 100,000 100,000 100,000 100,000 Annual support Seibert Circle 699,095 _ _ _ Remainder of original budget $745K; $127.7K collected in donations Donovan Park 49,050 Xe_ric garden'07 _ White Water Park 376,000 _ Funds 3rd hole 1 bladder system at Whitewater Park -per Council's approval _ Skate Park 400,000 ' Per councils request 10119104 Booth Creek Playground - 422,000 Entire park is budgeted for full re-development in 2011; Re-scheduled playground improvements to coincide. Resulting from Recreation Master plan (parking, recreation buildings); Left entry lane; Re Ford Park Master Plan -Improvements 100,000 1,500,000 1,500,000 1,575,000 1,650,000 master Ford Park blc of parking potential Lionsheatl park ~ 139,000 928,000. 92.8,00 _ ~ New park -location curre~ being investigated Landscape Medians 570,000 _ Frontage road medians ' Restrooms at W. Meadow Drive & Vail Road -pushed to 2009 to coincide with Public Restrooms 420,000 construction of W. Vail Fire Station Environmental Sustainability 250,000 250,000 250,000 250,000. 250,000 250,000 250,000 Wintl power; Solar power, Green programs; Recycling, etc Turf Toptlresser 12,000 __ _ _ ~ Greenhouse 100,000 _ ~ _ New and expanded greenhouse Booth Creek Park Redevelopment __ - - 2,800,000 ',Reconstruct playground _ _ _ _ n ace Lantl Ac uisition Oe S P P q 19 551 0 , I i Capital Paid for by RETT Funds: 9,759,350 8,502,699 6,791,699 6,308,151 5,595,925 6,490,870 3,322,191 Discretionary Projects _ _ _ Recreation Master Planning 104,500 Dobson Ice Arena 77,200 77,200 900,000 145,000 ,Ford Park !Tennis Center Improvements 56,000 62,000 62,000 120,000 120,000 'Athletic Fields - 126,500 126,500 Youth Services gymnastics Center _ Naiure Center Total Discretionary Projects Total Expenditures Revenue Over (Under) Expenditures Be~innin9 Fund Balance Ending Fund Balance 160,500 139,200 $ 7,013,130 $9.5K for concept design and $95K for final design of recreation asset 160,000 70,800 Based on estimates from Borne Engineering 120,000 526,000 Based on estimates from Borne Engineering Based on estimates from Borne Engineering _ Based on estimates from Borne Engineering _ 157,000 Based on estimates from Borne Engineering 55,000 Based on estimates from Borne Engineering 139,200 1,146,500 821,500 280,000 753,800 8,930,899 7,454,651 6,417,425 6,770,870 4,075,991 (229,191) 6,953,321 1,895,858 6,724,130 2,398,675 ~ 8,619,988 916,630 11,018,663 2,993,109 11,935,294. -- 6,724,130 $ 8,619,988 $ 11,018,663 $ 11,935,294 ', $ 14,928,403 11 Sales Tax Grants Project Reimbu Lease Revenue Interest Income b313/ J III _ i Legend: Blue=New requestsJ•NotApproved) • 15 Year Projection - _- Green =price IncreasesladJustments _ _ _ __ _ I _ Yellow =timing change No-New -Incl. -- Forecast Requests Requests _ _ 2007 Bud 2007 _ 200.8_ _ _ 2008 2009 2010 2011 2012 2_013 2014 2015 21116 2017 2018 2019 2020 2021 2022 ng ~ ~ 41.60% 37% 37% 37% 37% 37% 37°/ -- - - ~ ~ ~~ 6,308,500 7,658,500 7,178,000 _ ,178,000 7,570,200' 7,864,350 8,154,800 8,448,373 _6,786,000 9,137,000 Q502,D00 9,882,000 10,277,000' 10,668,000 11,116,000 11,561,000 12,023,000 12504_ - 500,000 815,577 _ 815,577 1,850.000 I 1,650,000 2,450,000 - - - - - - - - - d 141,869 I _ I 187,800 167,800',, 187,800 187,800 166,880 _ 192,300 192,300 192,300' 192,300 193,073_ 196,935 1.96,935_ 196,935 196,935 , 1 191,105. 201,709. 201,709 201 ~~ 43 000 417 500 10 850 10 850 - - - - - - - - - - - - CMT005 Facilities CM_T004 Capital Street Maintenance CMT009 Flammable storage I Mag Chloride sea C61022 Dobson Ice Arena CHP005 Creekside Housing Improvements COT002 Street Light Improvements C61010_ Fire infrastructure improvements CEP001 Fire Tmck Rebuild 1 Relurbish CEP023 Patrol Car Video Cameras CEP022 Jail Video System Upgrade! Town widr CEP032 Police Radio AMP in parking stmclures CEP011 Document Imaging CEP031 Software Licensing GEP005 Computer Equipment (PCs, laptops, pri CEP005 Comm Dev Interactive Permit software CEP033 (Fire Suppression in Computer Rcoms CEP018 Websiteand e-commerce CEP030 jVehicle Expansion C61021 Donovan Park Pavilion C81023 'GVmnasticsFacility 1 West 8 East Meadow Drive 800 Radio EquiE Heald Duty Tire Other COTD11 I-70 N 6,539,300 8,905,669 8,192,227. 8,192,227 9,608,750 9,906,650 10,797,100 8,640,673 8,978,300 9,330,073 9,698,935 10,078,935 10,473,935 10,884,935 11,313,105 11,762,709 12,224,709 12,705,709 30,000 30,000 10,000 10,000 30,000 3QOOD 31,000 30,000 30,000 30,000 30,000 _ 30,000 35,000 35,000 35,000 35A00 35,000 35,000 _ 455,000 481.129 935,000 935,000 480,000 540,000 910,000 1,055,000 860.000 1,100,000 2,075,000 730,000 765,000 765,000 770,000 775,000 840,000 840,000 446,000 744,627 400,000 800,000 755,000 970.000 500,000 1,285,000 675,000 605,000 640,000 670,000 635,000 620,000 695,000 780,000 490,000 490,000 830,000 830,000 1,625,000 1,625,0.00 1,505,000. 1,510,000 1,245,000 1,245,000. 1,860,000 1,205,000 1,190,0.00_ 2,155,000 1,050,000. 985,000 2,550,000 1.455.000. 1,235,000 1,235,000 containmt 24,000 . _ 7.900 - - - - 60,000 60,000 60,000 75,000 80,099 75,000 75,000 75.000 75,000 75,000 50,000 50,000. 50,000 _ 50,000 _ - 50,000 50,000. 50,000 50,000. 80,0110 50pW _50,000 2,000,000 117,229 2,650,000 2,650,000 975,000 __ _ __ 588,000 589,352 520,000 520,000 546,000 ~ - - 596,500 - -_ - - 109,000 - 1,174,000 _1,174,000 8,000 20,000 8,000 ~ ~ secudty~, 12,000 12,000 _ 23,000 437,500 437,500 437,500 30,00 3QDD0 : 30,000. 30,000 30,000 30,000. 30,000 50,000 50,000 97,000 97.000 92,000 350,000 92,000 92,000 92,000 92,000 92,000 92,000 92,000 92,000 92,000 92,000 92,000 92,000 92,000 92,000 . 6,500 73,000 75,000 _ 75,000 servers) I 72,000 72,000 _43,000 43,000 52,000 78.000 50,000 50,000 ~ SQOOD SDOOD 50,000 5__0,_000 50,000 50,000 50,000 5QOD0 i 50,000 5Q000 65,000 65,000 _ _ 25,000 ' ~ _ 1 35,800 35,500 _ __ 2QOD0 20,000 12,000 12,000 I 12,000 ~ 20,000 ~ 12,000 12,000 20,000 12,000 - 12,000 2QOOD 12,000 12,000 ~ 20,000 12,000 ~ 12,000 12,000 44,800 44,800 ~I ~ 29,634 - li 50,000 400,000 I 50,000 I SQ000 5,612 i _ 15,000 15,000 __ 15,000 r 15,000 i 15,000 15,000 15,000 15,000 _ 15,000 15,000 9,896 - 30,000 500,000 _ 100,000 365,000 100,000 L _ 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100.000 100,000 _ 100,000 100,000', 100,000 100,000 100,000 100,000 S,OOD ' 5,000 5,000 25,000 ~ 8,000 8,000 8,000 1~ 8,000 ' B,OOD 10,000. _ 10,000 10,000 10,000 10,000 10,000 10,000 _ _ 50,000 50,000 55,000 61,000 i 67,000 I 74,000 81,000 90,000 I 45,000 45,000 - 32,000 25,000 50,000 40,000 30,000 ' 50,000 40,000 30,000 _ _ 92,500 92,500 SD,000 43,000 5Q000 101),000 50,000 50,000 100,000, 50,000 50,000 100,000 50,000 50,000 100,000 50,000' 50,000 SO,OOD 5,122,800 3,913,278 6,532,000 7,284,500 3,389,000 4,658,000 3,755,000 4,692,000. 4,099,500 4,451,000 4,903,500 i ~ 4,_052,000 _ 2,96QOOD 2,799,000 4,751,000 3,634,000 ' 4,198,000 4,168,000 1,100,000 950,000 1,720,0.00_ 1,720,0_00 - - __ _~ _ __ 1,180,000 1,030.000 _ __4 _ 1,276,667 , _ _ - 150,000 150,000 2,065,000 6,240,000 6,940,000 - - - - ~ I - - - 75,000 75,000 1,675,000 1,750,000 - - ~ - - ~'~ 1,950,000 ~ _ - - i - ~ - - _ - 400,000 - _ - _ _ _5_00,000 495,500.1 495,500 227,000: 48,000 _ 693,000 48,000 17,500 17,500 _ 52,750 i 40,000 94,000 86,400 _ 91.000 17,000 17,000 -__ 56,535 9,000 i ~ _ _ - 3,642,605 143,400 2,199,600 1,203,400 - - - 3,502,400 3,465,600 - 5,495,120 204,455 3,136,100 3,136.100 2,314,500 7,586,522 _2,440,500_ 2,497,035 4,119,400 10,169,600 8,143,400 88,000' _ _ 294,000 2,643,000 3,501,400 4,052,000. 5,543,120 295,455 3,136,100 3,136,100 280,000 _ _ _ - _ __ l_ _ ___ _ 460,000 ~ ~ ~ ~ ~ 2,0oo.ooa I _ ~~ ~ - - - -- - 172,550 '' 2500001 837,575 250,000 250,0001 250,000 250000 250000 2500001 250,000 250,000 250,000 250,000 250,000 250,0001 250,000 1 250,000 250,000 250,000 12 _ Town of Vail Capital Asset Management I COT016 LH Parking SWcture Redevelopment _ CHPD08 Rational Nexus Study CHP007 Timber Ridge LegallZoning Timber Ridge Loan CHP006 Timber Ridge Debl Service Guarantee COT009 Lionshead Improvements CM 005 8io-Mass Study _ Intermodal Sile I Transit Center Total Other Improvements Total Capital before financing Debt Service and Financing W. Vail Fire Stn Bonds Main Vail Fire Stn Renovation Bonds W, Vail Fire Stn Debt Service Main Vail Fire Stn Renovation Debf Service Timber Ridge Loan _ Dehl Service on Outstanding Bonds Transfer from General Fund: jTotal Debt Service and Financing _ ITolal Capital Expense Revenue Over (Under) Expenditures: DISCRETIONARY PROJECTS Simba Run Underpass Town Shop Mtc Improvements Frontage Road -Lionshead Lihrary Remodel (includes 3rd Ooor) Frontage Road -ford Park East Vail Round-about Major Recons _ Main Vail Round-about Major Recon: 'West Vail Round-about Major Recon: !Municipal Building Renovation Frontage Road -East Vail ~ NFrontageRoad-WeslVail Creekside Housing Improvements _N Frontage Road -Sandstone Buuard Park Housing Improvements LH Auxilliary Building Renovation E, Vail Fire Station Remodel LH Information Center Renovation GIS Total Discretionary Protects: funds Remaining after Protects: Beginning Fund Balance: Ending Fund Balance: I N Forecast RI Id 2007 27,300 100 167,920 16,299 1,999 uJIJr J III Legend: Blue =New requests (*Not Approved) ~ ' _ Oreen =price IncreasesladJustments ~_ Yellow = timing change ~ - 2010 2011 III 2012 2013 ~ 2014 2015 2016 2017 2010 2019 2020 2021 2022 150,000 2,208,415 _250,000 250,000 375,000 7,300,000 250,000 250,000 290,000 250,000 250,000 3' 187,300. 16,620,765 9,222,500 10,031,535 7,883,400 22,147,600 12,148,400. 5,230,000 4,389,500 4,995,000 7,796,500 7,81 IOD,OOD)~ (2,000,000) (2,000,000)_ _ _ _ ~_ _ - r (925,000) 57,213 - _ 165,425 165,425 165,4251 165,425 165,425 165,425 11 I 31,914, 151,173 151,173' 151,173 151,173 75,0001 522,497 I 2,322,497 ~ 2,321,825 it 2,321,625 2,320,363 2,317,803. 2,323,004 2,124,692 1 19,500,000 8,815,000 5,635,000 _ 3,600,000 2,400,000 ~~~ 7,513,000 315,0 110) (10,037,593) (1,352,098) (2,161,133) (595,013) (13,631,0 373 10,256,602 219,009 219,009 (1,133,089) (1,728,1 i63 219,009 (1,133,069) (1,942,124) (1,728,102). (15,559,1 i - 915,000 250,000 250,000 150,000 179,455 7,584,100 7,554,100 i 7 13 6313! S III Town of Vail ~ Legend: Blue =New re quests ('Nat A ppravedJ Capital Asset Management • 15 Year ProJecllon i i I _ _ _ _ ~ ~ _ Green =price IncreasesladJustmenls ~, Yellow = tlming change No New Incl. Forecast Requests Requests 2007 Bud 2007 2008 _ _ _2008 2009 2010 2011 2012 2013 201.4 2015_ 2016 _ 20.1_7_ 2018 2019 2020 2021 20.22 Real Estate Transfer Tax funding _ _ 40% Real Estate Transfer Tax 8,179,952', 7,300,000 8,230,000 8,_230,000 9,100,000 8,560,000 7,425,000 6,800,000 7,004,000 7,2_14,120 7,430,544 7,653,460 7,883,064 8,119,556 8,363,142 6,614,037 8,872,458 138,631 Grants (Donations 150,000 _ _ __ Project Reimbursement 164,065 _ _ Lease Revenue 123,018 123,016 126,706 - 126,708 130,509 - - 133,800 137,100 140,500 144,000 _ 147,600 151,300 - , 155,100 159,000 163,000 167,100 171,300 175,563 179,972 Recreation Amenity Fees 125,000 125,000 125,000 - 125,000 25,000 25,000 25,800 26,600 27,400 26,200 ' 29,000 29,900 30,800 31,700 32,700 33,700 34,700 34,700 Interest Income 8 Other - 77,000 204,100 220,000 220,000 - ~_ 95,000 97,300 99,600 1 D2,OOD 104,500 107,000 109.600 112,300 115,100 118,000 120,900 123,900 125,000 125,000 Real Estate Transfer Tax Fund Total 8,654,970 7,916,783 8,701,706 B,TO1,70~ 9,350,509 8,816,100 7,687,500 7,069,100 7,279,900 7,496,920_ 7,720,444 7,950,760 8,187,964 8,432,256 8,683,842 8,942,937 9,207,740 9,478,303 Earmarked forAnnual Mlce and Landscaping 1,G69,8D0 1,625,804 1,665,400 1,665,400 ~ 1,615,453 1,629,267 1,881,435 1,932,553) 2,029,200 (2,130,700 2,237,200 (2,349.100 (2,466,600 (2,589,900 2,719,400 (2,655,400 2,998,200 3,148,100 Real Estate Transfer Taz Fund Avail for Capital 6,985,170 6,290,979 7,036,306 7,036,308 7,535,056 6,966,833 5,8(16,065 5,136,547 5,250,700 5,366,220 5,463,244 5,601,660 5,721,364 5,842,356 5,964,442 6,087,537 6,209,540 6,330,203 RMT001 Rec. Path Capital Malnl 216,300 234,837 222,789 222,789 229,473 236,357 243,448 250,751 258,274 266,022 _274,002 282,222 290.689 299,410 308,392 317,644 327,173 327,173 RMT002 Tree Mainlenance 87.000 104,796 60,000 60p00 60,000 65,000 65,000 65,000 65,000 65,000 65,000 65,000 65,000 65,000 65,000 65,000 65,000 65,000 RMT012 Forest Health Management 250,000 385,325 250,000 470,000 360,000 360,000 380,000 380,000 360,000 380,000 380,000 380,000 380,000 380,000 380,000 380,000 380,000 360,000 RMP001 VRD Agreements -Legal Counsel 5QODD 52,444 50,000 SO,D00 - - _ RMT005 Slreef Furniture Replacemen! _ 20,000 20,000 _ 20,000_. _ 20,000 _ 20,000 25,000. 25,000. 25,000 25,000 25,000 25,000 25,000 _ 30,000 30,000 30,000 30,000 30,000 3QOOD RRT003 ADA Compliance wl VRD SO,OOD 126,848 -- RPT015 Katsos Ranch Bike Path 750,000 1,225,943 _ _ RPT014 Cascade Bike Path 7,000 RPT016 Widening of W.Haven Dr. Ped Bridge - RPT017 Timber Ridge-Buffehr Creek Rd separation 675,000 675,000 RPT011 Lionshead to Meadow Dr. - - - 202,500 _ Slreamwalk ADA & Satety improvements - __ 225,000 225,000 ' RPT007 Trailhead Development I Improvements _ 21,000 27,273 22,100 22,100 23,200 24,000 24,000 25,000 RSSODi Village Streetscape Design & Implement __ I _ RSSOD2 Meadow Drive 920,000 720,000 _1_,250,000 1,25Q ODD I RSSOD3 SeibenCircle 699,095( _ ~ I RPTD10 Frontage Rcad Bike Lanes/Trails - ~ 1,275,000 __. - _ 1,275,000 675,000 715,100 ~ ---- --- RPID03 Imgation Controll Raw Water project _ 10,388 i RMTOiO Stream Tract Encroachment Survey 34,881 - 30,000 _ RPI002 Big Horn Park Improvements 216,756 ~ _ _ Red Sandstone Park -Per Safely plan ~ SB,D00 ~ SB,DDO~ 366,000 425,000 _ RFP007 Ford Park Safety Improvements 304,000 RPI005 Stephens Park Safety Improvements _ _ _ _ ~' ~ 545,000 _ PRDD03 Bu0ehr Creek Park Safety Improvements _ _ _ _ _ _ i __ i 600,000 '~ _ Ellefson Park Satey Improvements I 600,000 _ RMT011 Retrofit Park Restrooms for heat 172,402 250,000 ~ RMTOD9'ParklPlaygroundCapitalMainlenance 100,000 100,0001 105,000 105,000 110,000 ~ 115,000 90,000 80,000 82,400 84,872 87,418 90,041 92,742 95,524 1 98,390 i 101,342 105,000 105,000 _ RRT001 Public An 75,000 260,909 _ 75,000 75,000 75p00 80,000 BQOOD 80,000 SO,D00 80,000 85.000 85,000 85_,000 85,000 ~ 85,000 i 90,000 90,000 90,000 _ Art in Public Places _ 66,000 66,000 62,167 _ 62,167 64,032 65,953 ~ 67,932 69,970 72,069 74,231 76,458 78,751 81,114 83,547 86,054 ~ 86,635 91,294 94,033 RMT007 Bear Proof Containers 180,000 199,500 RFPODS .Alpine Garden Suppod 54,080 54,060 56,243 56,243_ 58,493 60,248 62,055 63,917 65,834 67,809 69,844 71,939 74,097 76,320 ~ 78,610 80,968 _ 83,397 85,699 RMT006 Black Gore Creek Sand Mitigation 100,000 135,000 100,000 100,000 100,1700 100,000 100,000 100,000 100,000 100,00_0 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 RPD005 Donovan Park (Xeric garden'D7, Safely impr. 2015) 49,050 ~ 304,000 RPDDO6 While Water Park i 376,000 _ - - _ _ RC1001 Gore Creek Promenade Bridge I - _ _ RPD011 Skate Park _ ' 400,000 _ _ ___ RFP015 Vail Memorial Park _ _ _ _ RPD012 Booth Creek Playground 422,000 - 422,000 _ RFP006 Ford Park Master Plan -Improvements 100,000 10QOOD 1,500,000 1_,500,000_ 1,575,000 1,650,000 RPDOD9 _Lionshead park 139,000 139,000 _926,000 926,000 __ RSS004 Landscape Medians _ 570,000. 57QOOD _ _ RMT011 Public Restrooms - 420,000 ~ - RMT013 Environmental Sustainability 250,000 250,000 250,000 _ 250,000 250,000 250,000 250,000 250,000. 250,000 250,000 2 50,000 _250,000 250,000 250,000 . 250,000. 250,000 25.0,_000. 250,000 RMT014 TurfTopdresser 12,000 12,000 _ _ RMT015_Greenhouse 100,000 100,000 _ _ _ _ _ __'_ _ Booth Creek Park Redevelopment __ 2,800,000 _ RPA001 Open Space Land Acquisition 551,019 .Capital Paid for by RETT funds: 5,265,380 8,133,546 6,837,299. 7,126,299 4,492,696 3,766,658 4,609,435 1,369,637 1,378,577 1,392,934 2,020,721 1,427,953 1,448,642 2,009,801 2,081,445 2,103,589 1,521,864 1,527,105 Revenue Over (Under) Expenditures: 1,719,790 1,842,567 199,009 89,991 3,042,358 3 220175 1 196,630 3,746,910 3,872,123 3,973,286 3,462,522 4,173,707 4,272,722 3,832,554 3,882,997 3,983,947 4,687,676 4,803,098 Transfer from General Fund. 14 iDISCRETIONARY PROJECTS Recreation Master Plannir _ Dobson Ice Arena RMTOt 6 Ford Park I Tennis Center Athletic Fields Youth Services Gymnastics Center jFu wiu oa annual osux a m _ _ _ Legend: Blue =New requests ('Not Approved) __ _ _ _ _ _ _ Green =price increasesladJustments _ Yellow=timing change _ _ No New Incl. Forecast Requests Requests _ 2007 Bud 2007 2008 2008 2009 2010 2011 _ 2012 2013 2014 2015 2016 2017 2018 2019 2020 I 2021 _I _ - I I 104,500 77,200 77,200 900,000 145,x)00 160,000 i 70,800 _56,000 56,000 62,000 62,000 120,000 120,000 120,000 526,000 - - _ 126,500 126,500 _ _ 375,000 - - -- ~- - - - 157,000 55,000 56.000 160.500 139.200 139100 ' 1.1d650D A2L500 280.000 753800 '. I ~ I I 15 MEMORANDUM To: Vail Town Council From: Stan Zemler, Matt Mire, Judy Camp Date: August 2, 2007 Subject: Use Tax on Construction Materials The following information is presented for your discussion on Tuesday evening regarding a potential construction use tax in the Town of Vail, which, as we have discussed, would require approval by Vail's electorate. Ke. Dates 08/07/07 Council discussion of key elements of proposed use tax and review of draft ballot language 08/21/07 Latest date for approval of resolution; first draft of ordinance to implement proposed use tax prepared for discussion 09/21/07 Last day for Pro/Con statements to be filed with Town Clerk 10/05/07 Last day to mail TABOR ballot issue notices 11 /06/07 Election day 11/20/07 First reading of use tax ordinance, if approved by voters 12/04/07 Second reading of use tax ordinance, if approved by voters 12/18/07 Council meeting- back-up date for ordinance reading if needed 01/01/08 Earliest implementation of tax Note: These are key dates to meet the requirements for a TABOR election schedule. Additional time for discussion of the draft ordinance could be available during September and October council meetings as needed. Use Tax Questions and Answers (4&A~ What is a use tax? Generally, a use tax is levied on the privilege of using or otherwise consuming tangible personal property within a city or county for which no sales or use tax has been previously paid. It is considered complementary to a sales tax, and is applied regardless of where the property was purchased. For example, if the town levied a use tax on construction material, a contractor purchasing material for his job from an out-of--state supplier could be assessed a use tax by the Town of Vail. A use tax may be applied generally to all tangible personal property used or consumed within a municipality or its application may be limited to vehicles and/or construction and building materials. Staff recommends Council limit its consideration of use tax to construction and building materials. ,i How common is a use tax? Over half the incorporated municipalities and counties in Colorado levy a use tax and the concept is well-supported by legislation and case law in Colorado. Examples of municipalities with use tax on building materials include Broomfield, Denver, Eagle, Glenwood Springs, Grand Junction, Gypsum, Lakewood, Mountain Village, and Steamboat Springs. What has been the experience in other communities with use tax ballot issues? In April, 2007, Georgetown's electorate approved an extension of their 3% use tax on vehicles to include construction and building materials. The 3% rate is the same as Georgetown's sales tax rate. In 1995, Gypsum passed a 3% use tax on residential construction and building material with 20% directed to administration and 80% directed to roads. The use tax is one percentage point lower than Gypsum's 4% sales tax. In 1998, Eagle passed a 4% use tax on construction and building materials for capital projects. Eagle's sales tax and use tax are the same rate. Avon's 2002 building materials use tax ballot was defeated. The proposed rate was 4°l0, which is the same as Avon's sales tax. Breckenridge's 1998 use tax ballot was defeated. The proposed 2.5% rate was the same as Breckenridge's sales tax rate. Aspen is considering a use tax ballot for this November's election. Must the use tax rate be the same as the sales tax rate? No, use tax rates are sometimes lower than the sales tax rate. What is meant by "construction materials?" The Vail Town Code defines construction materials as "Tangible personal property which, when combined with other tangible personal property, loses its identity to become an integral and inseparable part of a complete structure or project including public and private improvements. Construction materials include, but are not limited to, such things as asphalt, bricks, builder's hardware, caulking material, cement, concrete, conduit, electric wiring and connections, fireplace inserts, electrical heating and cooling equipment, flooring, glass, gravel, insulation, lathe, lead, line, lumber, macadam millwork, mortar, oil, paint, piping, pipe valves, and pipe fittings, plaster, plumbing fixtures, putty, reinforcing mesh, road base, roofing, sand, sanitary sewer pipe, sheet metal, site lighting, steel, stone, stucco, tile, trees, shrubs, and other landscaping materials, wallboard, wall coping, wallpaper, weather stripping, wire netting, and screen, water mains and meters, and wood preserver. The above materials, when used for forms, or other items which do not remain as an integral or inseparable part of a completed structure or project are not construction materials. Construction materials do not include -2- such things as: carpeting, equipment, furniture, removable fixtures, window coverings, or similar items." If the Town already has a sales tax, why do we need a use tax on construction materials? Construction and building materials as defined above are exempt from the town's sales tax as long as the purchaser has obtained a building permit and provides the retailer selling him the material the permit number. Therefore, construction material is currently a category of tangible personal property upon which no tax is collected in the Town of Vail As discussed below, building materials picked up at a supplier in another city or town are currently subject to that town's sales tax. If Vail had a use tax collected at the time the building permit is issued, the tax dollars related to the purchase would benefit Vail rather than the other locale. Also, a use tax on construction material may be counter-cyclical to the town's general sales tax, i.e., if sales tax is negatively impacted by construction, the use tax is in place to offset it during the construction period. How is a construction use tax collected? The simplest way to collect a construction use tax is to collect the entire amount at the time the building permit is issued. How is the amount of use tax determined? The use tax amount is determined by multiplying the use tax rate by the cost of the building material When collected at the time the building permit is issued, the estimated cost of building and construction materials is generally calculated by multiplying by fifty percent the total valuation of the construction project as entered on the building permit by the town building inspector. What if the builder/developer thinks the estimated value is too high or the town thinks the estimated value is too low? Use tax ordinances generally provide for an audit of the taxable value by either party within a reasonable period after construction is complete. Interest on any refund or deficiency is generally computed from the day the certificate of occupancy is issued. What if a builder/developer purchases material for use in Vail from a supplier in a town that has a sales tax? Will he/she be subject to double taxation? No. If the materials are delivered to Vail, the seller does not collect sales tax for the town or city where he/she is located, and only Vail's proposed use tax would apply. If the seller is located in Eagle County, he is required to collect Eagle County's 1.5% sales tax. If he is located in Colorado, he is required to collect the state's 2.9% sales tax. If the purchaser picks up the material from a seller located in a town or city with a sales tax, the materials are generally exempt from the local sales tax if the purchaser presents -3- to the seller a building permit or other documentation acceptable to the local government where the purchase takes place, showing that a use tax has been paid. This is required by state statute for state-collected local jurisdictions and generally included in the ordinances of self-collected local jurisdictions. Colorado state statute also prohibits state-collected local jurisdictions from collecting a use tax on materials for which a legally imposed tax has already been collected by another city or town. If the sales tax collected was less than the use tax required, only the incremental amount of the use tax may be collected. Again, this is required by state statute and generally included in ordinances ofself-collected local jurisdictions. Will the proposed tax add to the builder/developer's project cost? If so, how much? In most cases, a use tax would result in additional cost to the purchaser of building materials for use in Vail. The additional amount depends upon the rate of the tax and how the builder is currently taking delivery on materials. For example, if the. builder is currently picking up materials in Avon, a 4% sales tax is paid to the Town of Avon. If Vail had a 4% use tax on construction materials, he/she would still pay 4%, but would pay it to Vail as a use tax at the time a building permit is issued. He/she would not be required to pay the Avon sales tax. (Reference Avon Town Code 3.08.320) Continuing with Avon as an example, if the builder is doing business in Vail and having materials shipped to Vail, the materials are exempt from Avon's 4% sales tax because the point of delivery is outside the Town of Avon. (Reference Avon Town Code 3.08.040) The materials are also exempt from Vail's 4% sales tax if the purchaser presents a building permit number to the supplier delivering the material. Therefore, in the situation where construction and building materials are delivered into Vail for a project constructed under a building permit, a 4% use tax would increase the builder's cost by approximately 2% of his total project valuation, representing a 4% use tax on the value of material, which is estimated at 50% of project valuation. How much revenue would a construction use tax generate for the Town of Vail? The amount generated would be dependent upon the tax rate assessed and the valuation of building permits issued in any given year. A 4% tax on building materials used in the town would have generated an estimated $2 million in 2005; $4 million in 2006; and $7 million in 2007. What would the revenue from a construction use tax be used for? A use tax can be used for any legitimate governmental purpose including capital expenditures and operating expenses. The ballot question put before the voters in a TABOR election should specify use of the tax. Are any organizations exempt from use tax? Organizational exemptions vary by taxing jurisdiction. Staff recommends the Town of Vail provide the same organizational exemptions for use tax as are currently defined in the town's sales tax code: a. The United State government, the state, its departments and institutions, and the political subdivisions thereof in their governmental capacities only; -4- b. charitable organizations in the .conduct of their regular charitable functions and activities; and c. schools, other than schools held or conducted for private or corporate profit. What considerations can be given to developers/builders who have already determined their project costs, but not,yet received a building permit? Council could include a provision in the ordinance to exempt from use tax any projects whose development application is approved prior to the effective date of the tax. The development application approval is recommended as the key date because it marks the point at which the developer has vested rights to construct the project in accordance with the approved plan. Development of construction drawings and bidding of costs take place after development plan approval. What relief can be given to developers/builders who are constructing work force housing? Council could include a provision to rebate the use tax collected on materials used to build workforce housing. Longmont and Fort Collins have ordinances including this provision. Issues for Council to Consider • A 4% use tax has the potential to generate over $4 million in 2008; this revenue is lost forever if the ballot issue is delayed to a future year. • A use tax would address, at least in part, the ever-widening gap for funding of capital projects. The Capital Project Fund projection prepared for Tuesday's work session includes a $25.8 million shortfall over five years. A use tax on construction material generating $4 to $5 million annually would essentially close the gap. Bonding against $4 million of annual use tax revenue could provide an estimated $40 million of capital projects funding. • Addition of a use tax on construction materials diversifies the town's revenue sources. $4.1 million from use tax reduces reliance on sales tax from current estimate of 38% of total revenue from all sources in 2008 to 35%. Use tax may also offset a loss of sales tax revenue from construction activity. • A use tax on construction and building materials directly impacts a narrow segment of the community. This is the same segment of the community impacted by the recent addition of commercial linkage and inclusionary zoning and current consideration of increases in road impact fees and construction mitigation fees. Imposition of a use tax could discourage additional redevelopment activity. • Building and construction materials are the only major category of tangible personal property specifically exempted from the Town of Vail's sales tax ordinance. A use tax would be complementary to the sales tax and provide consistent treatment among all categories of tangible personal property purchased or used in Vail. Key Decisions for a Construction Use Tax Ballot Issue What is the proposed tax rate? Staff recommends a 4% use tax on building and construction materials to be consistent with the sales tax rate. -s- ,~ Is the proposed tax limited to building and construction materials only? Yes, staff recommends limiting the proposed use tax to building and construction materials only. Staff further recommends a rebate on materials used in the construction of work force housing units. How will the proposed tax be paid? Staff recommends collection of the proposed use tax at the time a building permit is issued with the tax assessed on 50% of the valuation of the project as reported on the permit. Adjustments to the tax could be determined by an audit requested by the town or the taxpayer. When will the proposed tax be implemented? Staff recommends the tax become effective with building permits issued after January 1, 2008, with a specific exemption for projects who have received an approved development plan prior to that date. Revisions to approved development plans would not be eligible for the exemption. How will the proposed tax be used? Staff recommends funds generated from the proposed use tax be used for capital projects such as public buildings, roads, and infrastructure. -6- DRAFT QUESTION CONCERNING TOWN OF VAIL CONSTRUCTION USE TAX FOR NOVEMBER BALLOT SHALL THE TOWN OF VAIL'S TAXES BE INCREASED BY $4,000,000 IN FISCAL YEAR 2008 AND BY WHATEVER ADDITIONAL AMOUNTS ARE RAISED ANNUALLY THEREAFTER THROUGH THE ADOPTION OF A USE TAX ON THE PRIVILEGE OF USING AND/OR CONSUMING IN THE TOWN OF VAIL ANY CONSTRUCTION AND/OR BUILDING MATERIALS PURCHASED AT RETAIL INSIDE OR OUTSIDE THE TOWN, AT THE RATE OF FOUR PERCENT (4%) OF THE RETAIL COST OF SUCH MATERIALS AND SHALL THE TOWN BE AUTHORIZED TO COLLECT AND SPEND SUCH REVENUES, INCLUDING ANY INTEREST AND INVESTMENT INCOME THEREON, EXCLUSIVELY FOR CAPITAL ACQUISITIONS AND CAPITAL PROJECTS IN THE TOWN OF VAIL AS A VOTER APPROVED REVENUE CHANGE NOTWITHSTANDING ANY REVENUE OR EXPENDITURE LIMITATION, INCLUDING THOSE CONTAINED IN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION? Note: The above question was drafted by legal counsel in conformance with the requirements for a TABOR election. -~- MEMORANDUM TO: Vail Town Council FROM: Community Development Department DATE: August 7, 2007 SUBJECT: Update to the Vail Town Council on the current status of the Ever Vail applications, their review, and the process moving forward. I. PURPOSE The redevelopment of the area known as Ever Vail is an intricate project with many applications and steps within the development review process. Staff and the Vail Resorts Development Company have scheduled a work session with the Vail Town Council in an effort to communicate the current status of the review process for Ever Vail, located at 862, 923, 934, 953, and 1031 South. Frontage Road West. A presentation to the Vail Town Council will include the review steps that are completed and the anticipated future steps in the review of the Ever Vail redevelopment. At this work session staff will present a schedule that the applicant and staff has created showing what are believed to be the steps that will occur as the Ever Vail project moves forward through the entitlement process. II. NEXT STEPS The sequence of applications and meetings began with the amendments to the Lionshead Redevelopment Master Plan to include several new parcels and revise the recommendations for West Lionshead (Ever Vail). At this point in time applications that will begin to implement the recommendations in the Lionshead Redevelopment Master Plan are being submitted. The first of these applications will be a request for a major subdivision to combine and reconfigure the lots comprising Ever Vail. The first step in this application will be a review of a preliminary plan which will lay the ground work for the submittal of a final plat at a later date. Review of the preliminary plan will occur prior to receiving. a memorandum of understanding with CDOT regarding the potential Frontage Road realignment. A review of the final plat will occur subsequent of this understanding with CDOT as there should be little to no change required on the subsequent of any approvals granted for the final plat. The final plat, if approved, will not be recorded until such time as the Frontage Road is relocated and the transfer of right-of-way is completed upon acceptance of the new Frontage Road by CDOT. A request for a rezoning of the lots created by the Ever Vail final plat will occur in conjunction with the request for review of the final plat. The Commission will be asked to make a recommendation on the rezoning request; however, as the final plat cannot be recorded until such time as the Frontage Road right-of-way exchange there cannot be the adoption of an ordinance by Council to effect the rezoning on the lots until, the final plat is recorded, thus creating the lots. It is anticipated that the requests ,for review of a preliminary plan and a recommendation for rezoning the two lots created by the preliminary plan/final plat will occur at the August 27, 2007, Planning and Environmental Commission. After review of the major subdivision and rezoning requests, applications will be submitted for conditional use permits and major exterior alterations to review the establishment of a parking structure(s) and ski lift within Ever Vail. These will be the first structures to be reviewed within Ever Vail and will include the facility to house the mountain operations equipment currently located on the Maintenance Yard and Holy Cross sites. It is anticipated that review of these applications will occur in the coming months, prior to the end of the year. Subsequent to the applications for the parking structure(s) and ski lift, major exterior alteration applications will be submitted for the mixed-use structures that will comprise the remainder of the Ever Vail III. ACTION REQUESTED OF COUNCIL There is no action requested of Council at this time IV. ATTACHMENTS A. Copy of the Ever Vail Process Flow Chart 2 ~~ r . Gt'911Cr t~ P.ta_. tIG}~merrt '~ ~:/~rr7:CY Fir ~1 ~11'C'IP 11C~it~ ,I Process Flow Chart 7': c19Jri?>f~ 1.. •~. :%xprG.. tit r... f rat Exta~s.e '.•'r. '' eesa~te ~, P.CDCrft'~1 r9P '~ 1~5 =: CI69 iTp 9~ Pis^ri ••c~ Ef'o^^,s Fran :~u•' ,a rn~ _•:eiavr~_^: 1 I r I ~ i , /', Asae~~ ^ t Pry ec ~ ~CFm ~ - : •• Jsc ~~ . sa~rrGr~a . E•~', ~~ I ~` +./ , .. b.. 1~L .f CDOT Anprovr ~ ~ For P_eshahrere l~F~lf~:+C ~.. ~~ ~CMO PCIRIE is lr `~,, bt9tr. P_ordwvy ~ ~ ,'~,~ Constr~at,an i l :wyrovs o+' Ftrs G~^di~iston Plat rrd P:rsflm•e ~ ~ a MEMORANDUM TO: Town Council FROM: Community Development DATE: August 7, 2007 SUBJECT: Housing Work Plan 2007 - 2008 L Introduction In August, 2006, the Town of Vail conducted the Vail 20/20 Visioning Process. Through that process the community identified employee housing as one of the key challenges facing the Town. In response the Vail Town Council identified numerous strategies to help ensure that employees continued to live within the Town of Vail. The goal of ensuring that at least 30% of Vail's workforce works and lives within the Town of Vail has been set. This goal reflects the existing employee housing condition that exists today. Most significantly, the Town Council codified commercial linkage and adopted inclusionary zoning on Apri14, 2007. The conjunctive efforts of these two requirements will ensure that at least 30% of the net new workforce needed by development will be provided deed restricted employee housing. The Town of Vail, as an employer, has also recognized the significant challenge that housing plays in recruiting and retaining employees. To also be able to provide at least 30% of Town of Vail's employees housing, the Town has purchased three units in the last two months to be utilized by Town employees. Two of the units will be deed restricted and sold to Town employees and one unit will be managed as a rental for Town employees. The units to be sold have a priority for employees who have "critical positions." Acknowledging that municipal services are the main role of the Town of Vail it is important that employees that provide those services (i.e., peace officers, fire fighters, 911 operators, heavy equipment operators, etc.) live in the Town of Vail. The Town of Vail is struggling to meet the employee housing needs of~both the Town, as an employer, and the broader community, whose success the Town is dependent upon. At points in time these two aligned, but competing goals will be a challenge for the Town to prioritize. II. Vai120/20 Strategic Direction -Planning for the Future The following comes from the Vai120/20 document: "The high cost of housing and lack of developable land continue to challenge the community in providing adequate workforce housing. The 1 supply of workforce housing in Vail has been strained by an increase in part-time residents as well as rising real estate prices. Demand for housing has increased and will continue to increase alongside job generation related to commercial and residential development in Vail. As more the workforce commutes to Vail, additional burden is placed on local businesses for hiring and on local and regional transportation systems for getting these employees to work. The .Town and community are working together to create incentives and requirements for creating and/or acquiring housing that will meet new demand and simultaneously increase the much needed supply of housing. " The Vail 2020 Strategic Plan has identified the following actions or strategies to ensure at least 30% of the workforce lives and works in Town. - Explore next steps for strengthening the Town's inclusionary zoning and commercial linkage policies, including requirements for more zone districts. - Ensure fee-in-lieu funds generate as many workforce housing units as possible. - Establish protocol for disbursement of dedicated housing fund resources. - Research and secure potential alternative (beside fee-in-lieu) funding sources for employee housing. - Preserve existing affordable/workforce housing within Town. o Expand "buy down" program - Expand the number of employee beds in the Town of Vail. o Redevelop Timber Ridge to increase affordable/workforce housing and maximize redevelopment potential with high density zoning. o Ensure purchase of the Wendy's property for the West Vail Fire Station in order to have more development potential at the Chamonix Parcel. o Update Chamonix Master Plan to increase workforce housing development potential. o Explore development of Town owned "A-Frame" lot for workforce housing. o Evaluate workforce housing options on Middle Bench of Donovan Park, recognizing the dual community interest in maintaining the property as a park. o Conduct inventory of all sites with development potential and pursue opportunities for acquiring undeveloped or under developed properties. o Consider increasing incentives in performance zoning for property owners who build EHUs. o Continue to purchase properties for TOV employee rentals. o Amend development standards to allow for development of EHUs on all properties. 2 o Evaluate opportunities for potential land swaps with the Forest Service. o Evaluate opportunities for annexation of .land from other jurisdictions. - Enumerate the effects caused by housing employees within the Town of Vail, including conducting acost-benefit analysis of employee housing. III. Town of Vail Housing Work Plan Staff has drafted a work plan for housing.. It includes focusing on housing for employees of the Town of Vail. As previously stated, the goal of employee housing is first and foremost, but at times creating a pool of employee housing exclusively for the use of Town employees is in conflict with the Town's other housing roles. It is critical, for the Town as an employer, to have an adequate supply of housing for its employees. Without this housing available the Town will ultimately not be able to hire or retain a quality workforce. The Housing Work Plan has the following tasks: - Strategic plan for the Town of Vail as an employer o Achieve the Town's goal of ensuring that at least 30% of the Town's workforce lives within the Town of Vail o To date, focus has been on rental units - Strategic plan for the Town of Vail o Timber Ridge redevelopment plan o Could include plan for fees-in-lieu that may be collected o Expansion of the buy down program - Development of for-sale housing on Chamonix Parcel and the "A-Frame" o The. master planning process has been reinvigorated in light of the soon-to-be Wendy's parcel acquisition - Potential land swap or partnership with Eagle River Water & Sanitation District on Town owned land in East Vail and District owned land in Intermountain (may be land banking) Type II EHU Amendment o Would allow Type II EHUs as a permitted use rather than a conditional use in all residential districts - Develop a buy back /sale program for existing deed restrictions o Will require additional legal assistance o Potentially limited to certain areas and/or certain types of deed restrictions The work plan that has been drafted coincides with some key tasks identified through the Vai12020 Process. IV. Attachment Housing Work Plan Chart 3 2007-2008 Housing Proiect Description Resources Needed Proiect Timeline Status Proiect Manager Strategic Plan for Create a housing strategy to depends on plan adopted plan completed by Town of Vail as an Provide for-sale and rental units and implementation November 30, in progress Nina Timm employer for Town employees - to recruit schedule 2007 and retain s aff Create a housing strategy to ' consultant to help with Strategic Plan for ensure achieving the Town s the work product plan completed by in progress Nina Timm the Town of Vail goal of at least 30% of the $10,000 January 31,.2008 w rkf r livin in Town Timber Ridge Create aplan/policy fora Strategic Plan, Various plan completed by Redevelopment developer to implement in the consultants April 30, 2008 discussion Nina Timm Plan redevelopment of the property $20,000 Develop for-sale Develop and sell as many deed Chamonix Master Plan - depends on housing on restricted units as possible on may be a development master plan in progress Nina Timm Chamonix Parcel & " the Chamonix Parcel for the Housing Authority completion A-Frame" o take on Buy Back /Sale Create a program that allows Program for some some owners of EHUs to outside legal counsel Program in place initial legal Nina Timm existing deed purchase back their deed $25,000. by July 31, 2008 consulation restri tions restriction Draft new deed Draft new deed restrictions that restrictions for take into account the various outside legal counsel completed by nearly complete Nina Timm Types I, II, III, IV,V goals of the Town's housing $10,000 August 31, 2007 Matt Mire ro ram Partner with Potentially swap a Town owned survey work discussions ERW&SD parcel for a District owned $5,000 April 31, 2008 underway Nina Timm parcel for employee housing Type II EHU Allow Type II EHUs as a going to PEC Amendment permitted rather than conditional staff August 13, 2007 in progress Nina Timm use in residential districts ncen Ives or private developers / Current "incentives"no longer homeowners to cause private EHUs to be built. staff April 31, 2008 to be started Nina Timm create EHUs Incentives need to identified. MEMORANDUM TO: Town Council FROM: Community Development DATE: August 7, 2007 SUBJECT: Town of Vail Employee Housing Lotteries I. Introduction The purpose of this memo is to explain the two types of lotteries that the Town of Vail conducts. One lottery is only for employees of the Town and applies to a limited number of units and the other lottery is open to all full-time employees of businesses operating in Eagle County. Today, the Town of Vail conducts two distinct lotteries. This was not always the case. When Vail Commons was built and the lottery was done for the property, there was not a separate lottery for employees of the Town of Vail. All of the units were made available to all employees in Eagle County. When the Town of Vail partnered with Eagle River Water and Sanitation District (ERW&SD) on Red Sandstone Creek, there became a separate lottery for employees of the Town of Vail. This was based on ERW&SD's desire to house their critical employees in the development. The Town of Vail followed suit and opened up the Town's units, initially to employees of the Town who held "critical positions." If no employees who held "critical positions" with the Town applied, the units were then made available to all other employees in Eagle County. The North Trail Town Homes follows the same model as Vail Commons except on unit #2. The ERW&SD has a first purchase option on it or their employees for that particular unit. They paid the Town for the first purchase option on that unit. ERW&SD's purchase of the option allowed all of the units to be sold at a more affordable price. The Town of Vail has also purchased eight units as buy downs. At this point in time, five of the units are utilized as rentals for employees of the Town, two units will be sold to employees of the Town, and one unit is sold to an employee working at an Eagle County business. Two of the Town's rental units, obtained through the .buy down program, previously had employees of Eagle County businesses as owner/occupants. Y II. Lottery Criteria for Vail Commons and North Trail Town Homes The Town's lottery system for Vail Commons and .the North Trail Town Homes gives priority to employees who live and work in the Town of Vail. Years of employment and/or residency within the Town are weighted 3:1 over years of living and/or working elsewhere in Eagle County. An applicant must work at least thirty hours per week on a year round basis. Applicants who hold different jobs at different times of the year are given points based on the location of their primary job. The primary job is determined to be the job where they are employed the longest per year and that also generally equates to the job where they earn the majority of their income. There is an additional requirement that at least 75% of an applicant's income must be earned at a business operating in Eagle County. Applicants are required to provide copies of their federal tax returns, including w-2s. Example: Joe Employee Employment: Red Lion (Vail) 6/1/1999 to 5/31/2003 Park Hyatt (Beaver Creek) 6/1/2003 to 3/31/2006 Larkspur (Vail) 4/1/2006 to current Residency: East Vail Condo 6/1/1999 to 5/30/2000 Eagle-Vail Condo 6/1/2000 to 5/31/2001 Intermountain Condo 6/1/2001 to 5/31/2003 Avon Condo 6/1/2003 to 5/31/2006 Matterhorn Condo 6/1/2006 to current Lottery Points Years Points Working in Town of Vail 6 x 3 =18 points Working in Eagle County 3 x 1 =3 points Total Employment Points = 21 points Living in Town of Vail 5 x 3 =15 points Living in Eagle County 4 x 1 =4 points Total Residency Points =19 points Total Lottery Points =40 points 2 r III. Lottery Criteria for Red Sandstone Creek Red Sandstone Creek was developed in partnership with ERW&SD. The Town of Vail owned 1/3 of the land and ERW&SD owned 2/3 of the land. As part of the deal ERW&SD would be entitled to 2/3 of the units developed and the Town 1/3 of the units. There are a total of 18 units at Red Sandstone Creek. There are two 1-bedroom units, twelve 2-bedroom units, and four 3-bedroom units. Along with the partnership with ERW&SD there was a change in policy at Red Sandstone. ERW&SD entered into the partnership for the purpose of housing their employees. In keeping with that thought, the Town of Vail has a policy at Red Sandstone to make the units available to employees with "critical positions" prior to making the units available to the regular Town housing lottery list. Until recently Town employees did not take advantage of this opportunity and there are two of the Town's six units that are occupied with employees of other businesses within the Town of Vail. The lottery criteria for non-Town employees are identical to Vail Commons. If a Town employee purchases the unit, the Town's policy is to award the purchase of the unit to the employee holding a "critical position" with the longest length of service with the Town of Vail. Since the development's completion ERW&SD has often owned units at Red Sandstone and utilized them as rentals for their employees. At this point in time all of the units are owner occupied at Red Sandstone. ERW&SD would only own a unit again in the future if they did not have an employee who wanted to purchase it. They have a strict two-year rental policy. At that point in time the employee must purchase the unit or move out. IV. Lottery Criteria for Miller Ranch The Town of Vail and Eagle County were initially fifty-fifty partners in the development of deed restricted employee housing at Miller Ranch. Due to this partnership it is agreed "that County will make an effort to place Qualified Buyers who are employed within the Town in one-half of the units on the Property. Specifically, upon resale the units will be rotated such that the first unit that becomes available will be a County unit, the second a Town, the third a County unit and continuing in such a rotating pattern." The lottery criteria for Miller Ranch employee housing is nearly identical to the lottery criteria for Vail Commons or the North Trail Townhomes. Amain difference is there are two categories of employees that receive preference on all units at Miller Ranch. "Category I shall include applicants currently employed more than thirty (30) hours per week as the following: firefighters, police officers, EMS technicians, plow operators in the public service, mechanics in public service, dispatchers in public service, 911 information service employees, 3 `! other emergency service workers, hospital-employed medical professionals, and public water and sanitation workers. Those applicants who meet the criteria of Category I shall receive 5 points plus one point for each year in such category in addition to the points identified in paragraph 1 hereof. Category II shall. include applicants employed more than thirty (30) hours per week as the following: government public transportation workers, pre-school, primary, and secondary teachers, and Eagle County employees. Those applicants who meet the criteria of Category II shall receive 4 points plus one point for each year in such category in addition to the points identified in paragraph 1 hereof. " V. Going Forward As the Town of Vail develops additional employee housing developments the basic structure of the lottery will likely remain the same as existing lotteries. Both Miller Ranch and the existing Town developments have shown that the lottery is an effective and relatively fair way to award the purchase of the units. Town Council will need to decide for each development if there should be a priority for certain types of employees. 4 ~- _ . .... Loading & Delivery Working Group Meeting Notes from August 2, 2007 1. Working Group Introductions Vail Town Council Rod Slifer, Mayor Farrow Hitt, Mayor Pro Tem Vail Chamber & Business Association Kaye Ferry Vail Vallev Partnership Michael Robinson (represented by Monica McCafferty) Retail Troy Goldenberg, Troy's Ski Shop Bill Shoff, Gorsuch Restaurant Matt Morgan, Sweet Basil Michael Staughton, Los Amigos & Russell's Lod ic~nq Bob Fritch, Sitzmark Vendors Bob Dubois, Budweiser/Orrison Distributors Jim Armstrong, U.S. Postal Service Michael Hinkley, Coors (represented by Jerry Zywiec) James Cook, Shamrock Foods Jack Egger, HVH Transportation Brad Ryan, Sysco Denver Residential Bill Hanlon Facilitator Stan Zemler, Town Manager 2. Confirmation of Role of Working Group & Meeting Ground Rules • Purpose is to recommend operational plan options to the Town Council for disbursed loading and delivery in Vail Village. • No specific timetable has been established; the group will take as much time as needed. • Working group members should represent constituency at large, keeping individual opinions to a minimum. • Proxy representation may be used during meetings when member is unavailable, so long as proxy has been brought up to speed. • Be positive and remain open minded. • Participate fully; constituency representation at each meeting. • Be respectful towards one another. • Be solutions-oriented. 1. Confirmation of Agreement on Implementation Expectations The following additions/changes were made to the Implementation Expectations at the August 2 meeting: Consistent with Pedestrian Villaae Vision • Results in a better Village environment for businesses and guests, i.e.: better pedestrian village. • Honors Vail's pedestrian environment through an integrated loading and delivery system. • Clarifies expectations and agreements for the pedestrian mall experience is, i.e.: boundaries, quiet periods, etc. • Keeps afternoon deliveries (use of shared pedestrian corridors) to a minimum so as not to interfere with guest pedestrian traffic. • Establishes a "quiet" period in the Village in which no on-street deliveries take place. • Addresses "what" and/or "when" is too early for on-street deliveries. • Addresses concern about skier access by Front Door pro}ect creating larger volume and potential conflict with pedestrians. (make this addition). Efficient &Cost-Effective • Has minimal impact on vendors or merchants delivering goods; isn't onerous t vendors or merchants. (make this addition). • Produces timely and efficient loading and delivery operations equal to or better than status quo; requires measurements and standards. • Uses an on-site manager/coordinator for immediate problem-solving, i.e.: active and consistent police department involvement and enforcement. • Identifies any additional cost impacts via realistic assessment in advance. • Minimizes wear and tear on streetscape infrastructure, i.e.: oil stains on pavers. • Requires financial participation by Town of Vail for cost-recovery of impacts. • No increases in net costs to those who are impacted. • Produces along-term management plan and a financial plan, if needed. • Respects the basic needs as well as industry regulations for drivers, i.e.: physical wear and tear. 2 Comprehensive Approach to Solutions • Solutions are thoroughly researched to include afact-finding tour of facilities and distribution of a map so people can better understand where elevators are located. • Communications are factual, timely and accurate; rumors and misinformation are identified and clarified immediately. • Incorporates findings from comprehensive delivery study that identifies and addresses issues and concerns. Includes an acceptable distance travel standard and a capacity study on peak traffic volume and use of delivery bays. • Addresses the who?, what?, where?, how? and why? of loading and delivery. • Provides for environmental impact assessment of possible solutions. • Uses Front Door delivery bays as initially envisioned with no additional users. • Identifies and recognizes exceptions for delivery types and businesses. • Addresses well-researched liability issues. • Contains aback-up plan to address instances when elevators are overloaded or inoperable. • Policies are applied fairly and consistently to vehicles used by the Town of Vail and Vail Resorts. • Applies to small vehicle deliveries, i.e.: USPS, FedEx, UPS). • Recognizes circumstances, regarding outgoing shipping needs. • Addresses garbage trucks. • Minimizes negative impacts on residential property owners (i.e., routes). • Incorporates smooth surfaces for everyone. • .Eliminates as many stairs as possible. • Identifies and tests special equipment needs (carts, etc.) • Accommodates road closures and weather-related circumstances. • Emphasizes and encourages preference of maximizing early morning deliveries (time window TBA). • Assumes full cooperation by businesses, such as providing after-hours access via keys and other arrangements. • Incorporates appropriate technology, such as video cameras and verbal communications between floors to make freight elevators work efficiently. Reasonable and Equitable Implementation • Results in a smooth transition. • Includes a point person for immediate problem solving on the streets. • Includes frequent use of dry runs (beer and food) to test options and equipment to identify unforeseen obstacles prior to implementation. • Seeks stakeholder consensus for activation of plan; plan must not be activated prematurely. • Continuous focus on safety of all involved. 3 4. Restatement of Existing Loading and Delivery Policies Bridge Care Mill Har~san illt~~nr Checkpoint Charlie Street Creek Creek I~anCh Bridge Drive B~ildin Road FiQad Cars & Trucks Until Until 11:30 Until Until Until Until 6:00 pm u to 18' 8:30 am am 6:00 m 6:00 m 6:00 m Medium Trucks Until Until Until Until Until Until 19-35' 8:30 am 11:30 am 6:00 m 11:30 am 6:00 m 6:00 m Large Trucks Until Until Until Until Until Until 12:00 noon (36' or more} 8:30 am 11:30 am 12:00 11:30 am 12:00 noon noon Trash Trucks Until Until Until Until Until Until 8:30 am 9:00 am 9:00 am 9:00 am 9:00 am 9:00 am Courier Until Until Until Until Until Until Services 8:30 am 6:00 pm 6:00 pm 6:00 pm 6:00 pm 6:00 pm Current Loading and Delivery Matrix 5. GoaUMission Statement The following additions were made to the Goal/Mission Statement at the August 2 meeting: Draft Goal/Mission Statement A disbursed loading and delivery system for Vail Village will result in a better pedestrian experience as well as an improved business environment by optimizing the current loading and delivery operations. • With a goal to enhance the pedestrian experience during peak guest activity periods and to honor the residential character of the neighborhood, there will be "quiet" times when vehicles will be prohibited from the streets. This will result in a reduction of noise and pollution, and an improvement in the overall aesthetics of the Village. • Deliveries will occur in a timely and efficient manner. where ttte benefits of the operational plan outweigh the "costs." (delete this portion). • Minimize cost increases, (Add this as a goal). • Create minimal impact on vendors delivering goods and merchants; isn't onerous to vendors or merchants. (Add this as a goal). • Eliminate inefficiency and violations of parking. (Add this as a goal). • .Being safe, efficient and. cost-effective are key. (Add this as a goal). • By creating periods in which vendors, in partnership with the business community, use on-street deliveries to maximize efficiencies, the timely and efficient deliveries of today wilt be maintained or improved. • When the on-street option is unavailable, the use and management of public loading and delivery bays will serve as an additional option for the movement of goods .and services to businesses and will not interfere with the flow of pedestrians. • Exceptions will be well defined. • Above all, the safety of all involved will be at the forefront of the plan. 5 6. Overview of Loading and Delivery Maps Can we email the map out with these notes? There was a review and discussion of two Vail Village maps presented -the existing dispersed loading and delivery locations and the future dispersed loading and delivery locations. The following is a list of topics discussed: • There is a need to develop a solution for Gore Creek Drive merchants and other merchants requiring delivery after 830AM. • Lodging representatives are concerned about early morning loading and delivery noise impacts on guests. • There is a need to develop a solution to delivering to the lower pod of Bridge Street 1. Front Door is too far away 2. Can the alley be opened behind this block? 3. How will trash trucks obtain access to this alley? 4. Can the alley be heated? 5. Will Buzz's location still be an option for dispersed loading and delivery? • New equipment options include: 1. Motorized or electric carts -not considered pedestrian friendly and handle better on a smooth surface. There is still the need to unload onto a cart to deliver the goods into the business. 2. Pallet jacks • It will take more time to load from the bays than it currently does to load directly into the business. • Research European models that are successful. • Loading and delivery will need to be done in partnership with businesses to be successful. • Will Checkpoint Charlie move or go away? • There is a preference to use the existing locations on the International Bridge than the One Willow Bridge bays. • Can there be a monitoring system or lights to alert drivers when Vail Plaza and One Willow Bridge bays are full? • Can we develop an overflow plan for Front Door and all other loading and delivery bays? 6 MEMORANDUM To: Vail Town Council From: Stan Zemler, Matt Mire, Judy Camp Date: August 2, 2007 Subject: Use Tax on Construction Materials The following information is presented for your discussion on Tuesday evening regarding a potential construction use tax in the Town of Vail, which, as we have discussed, would require approval by Vail's electorate. Ke Dates 08/07/07 Council discussion of key elements of proposed use tax and review of draft ballot language 08/21 /07 Latest date for approval of resolution; first draft of ordinance to implement proposed use tax prepared for discussion 09/21/07 Last day for Pro/Con statements to be filed with Town Clerk 10/05/07 Last day to mail TABOR ballot issue notices 11/06/07 Election day 11/20/07 First reading of use tax ordinance, if approved by voters 12/04/07 Second reading of use tax ordinance, if approved by voters 12/18/07 Council meeting- back-up date for ordinance reading if needed 01/01/08 Earliest implementation of tax Note: These are key dates to meet the requirements for a TABOR election schedule. Additional time for discussion of the draft ordinance could be available during September and October council meetings as needed. Use Tax Questions and Answers (Q&A~ What is a use tax? Generally, a use tax is levied on the privilege of using or otherwise consuming tangible personal property within a city or county for which no sales or use tax has been previously paid. It is considered complementary to a sales tax, and is applied regardless of where the property was purchased. For example, if the town levied a use tax on construction material, a contractor purchasing material for his job from an out-of--state supplier could be assessed a use tax by the Town of Vail A use tax may be applied generally to all tangible personal property used or consumed within a municipality or its application may be limited to vehicles and/or construction and building materials. Staff recommends Council limit its consideration of use tax to construction and building materials .j How common is a use tax? Over half the incorporated municipalities and counties in Colorado levy a use tax and the concept is well-supported by legislation and case law in Colorado. Examples of municipalities with use tax on building materials include Broomfield, Denver, Eagle, Glenwood Springs, Grand Junction, Gypsum, Lakewood, Mountain Village, and Steamboat Springs. What has been the experience in other communities with use tax ballot issues? In April, 2007, Georgetown's electorate approved an extension of their 3% use tax on vehicles to include construction and building materials. The 3% rate is the same as Georgetown's sales tax rate. In 1995, Gypsum passed a 3% use tax on residential construction and building material with 20% directed to administration and 80% directed to roads. The use tax is one percentage point lower than Gypsum's 4% sales tax. In 1998, Eagle passed a 4% use tax on construction and building materials for capital projects. Eagle's sales tax and use tax are the same rate. Avon's 2002 building materials use tax ballot was defeated. The proposed rate was 4°to, which is the same as Avon's sales tax. Breckenridge's 1998 use tax ballot was defeated. The proposed 2.5% rate was the same as Breckenridge's sales tax rate. Aspen is considering a use tax ballot for this November's election. Must the use tax rate be the same as the sales tax rate? No, use tax rates are sometimes lower than the sales tax rate. What is meant by "construction materials?" The Vail Town Code defines construction materials as "Tangible personal property which, when combined with other tangible personal property, loses its identity to become an integral and inseparable part of a complete structure or project including public and private improvements. Construction materials include, but are not limited to, such things as asphalt, bricks, builder's hardware, caulking material, cement, concrete, conduit, electric wiring and connections, fireplace inserts, electrical heating and cooling equipment, flooring, glass, gravel, insulation, lathe, lead, line, lumber, macadam millwork, mortar, oil, paint, piping, pipe valves, and pipe fittings, plaster, plumbing fixtures, putty, reinforcing mesh, road base, roofing, sand, sanitary sewer pipe, sheet metal, site lighting, steel, stone, stucco, tile, trees, shrubs, and other landscaping materials, wallboard, wall coping, wallpaper, weather stripping, wire netting, and screen, water mains and meters, and wood preserver. The above materials, when used for forms, or other items which do not remain as an integral or inseparable part of a completed structure or project are not construction materials. Construction materials do not include -a- such things as: carpeting, equipment, furniture, removable fixtures, window coverings, or similar items." If the Town already has a sales tax, why do we need a use tax on construction materials? Construction and building materials as defined above are exempt from the town's sales tax as long as the purchaser has obtained a building permit and provides the retailer selling him the material the permit number. Therefore, construction material is currently a category of tangible personal property upon which no tax is collected in the T own of Vail. As discussed below, building materials picked up at a supplier in another city or town are currently subject to that town's sales tax. If Vail had a use tax collected at the time the building permit is issued, the tax dollars related to the purchase would benefit Vail rather than the other locale. Also, a use tax on construction material may be counter-cyclical to the town's general sales tax, i.e., if sales tax is negatively impacted by construction, the use tax is in place to offset it during the construction period. How is a construction use tax collected? The simplest way to collect a construction use tax is to collect the entire amount at the time the building permit is issued. How is the amount of use tax determined? The use tax amount is determined by multiplying the use tax rate by the cost of the building material. When collected at the time the building permit is issued, the estimated cost of building and construction materials is generally calculated by multiplying by fifty percent the total valuation of the construction project as entered on the building permit by the town building inspector. What if the builder/developer thinks the estimated value is too high or the town thinks the estimated value is too low? Use tax ordinances generally provide for an audit of the taxable value by either party within a reasonable period after construction is complete. Interest on any refund or deficiency is generally computed from the day the certificate of occupancy is issued. What if a builder/developer purchases material for use in Vail from a supplier in a town that has a sales tax? Will he/she be subject to double taxation? No. If the materials are delivered to Vail, the seller does not collect sales tax for the town or city where he/she is located, and only Vail's proposed use tax would apply. If the seller is located in Eagle County, he is required to collect Eagle County's 1.5% sales tax. If he is located in Colorado, he is required to collect the state's 2.9% sales tax. If the purchaser picks up the material from a seller located in a town or city with a sales tax, the materials are generally exempt from the local sales tax if the purchaser presents -3- to the seller a building permit or other documentation acceptable to the local government where the purchase takes place, showing that a use tax has been paid. This is required by state statute for state-collected local jurisdictions and generally included in the ordinances of self-collected local jurisdictions. Colorado state statute also prohibits state-collected local jurisdictions from collecting a use tax on materials for which a legally imposed tax has already been collected by another city or town. If the sales tax collected was less than the use tax required, only the incremental amount of the use tax may be collected. Again, this is required by state statute and generally included in ordinances ofself-collected local jurisdictions. Will the proposed tax add to the builder/developer's project cost? If so, how much? In most cases, a use tax would result in additional cost to the purchaser of building materials for use in Vail. The additional amount depends upon the rate of the tax and how the builder is currently taking delivery on materials. For example, if the builder is currently picking up materials in Avon, a 4% sales tax is paid to the Town of Avon. If Vail had a 4% use tax on construction materials, he/she would still pay 4%, but would pay it to Vail as a use tax at the time a building permit is issued. He/she would not be required to pay the Avon sales tax. (Reference Avon Town Code 3.08.320) Continuing with Avon as an example, if the builder is doing business in Vail and having materials shipped to Vail, the materials are exempt from Avon's 4% sales tax because the point of delivery is outside the Town of Avon. (Reference Avon Town Code 3.08.040) The materials are also exempt from Vail's 4% sales tax if the purchaser presents a building permit number to the supplier delivering the material. Therefore, in the situation where construction and building materials are delivered into Vail for a project constructed under a building permit, a 4% use tax would increase the builder's cost by approximately 2% of his total project valuation, representing a 4% use tax on the value of material, which is estimated at 50% of project valuation. How much revenue would a construction use tax generate for the Town of Vail? The amount generated would be dependent upon the tax rate assessed and the valuation of building permits issued in any given year. A 4% tax on building materials used in the town would have generated an estimated $2 million in 2005; $4 million in 2006; and $7 million in 2007. What would the revenue from a construction use tax be used for? A use tax can be used for any legitimate governmental purpose including capital expenditures and operating expenses. The ballot question put before the voters in a TABOR election should specify use of the tax. Are any organizations exempt from use tax? Organizational exemptions vary by taxing jurisdiction. Staff recommends the Town of Vail provide the same organizational exemptions for use tax as are currently defined in the town's sales tax code: a. The United State government, the state, its departments and institutions, and the political subdivisions thereof in their governmental capacities only; -4- b. charitable organizations in the conduct of their regular charitable functions and activities; and c. schools, other than schools held or conducted for private or corporate profit. What considerations can be given to developers/builders who have already determined their project costs, but not,yet received a building permit? Council could include a provision in the ordinance to exempt from use tax any projects whose development application is approved prior to the effective date of the tax. The development application approval is recommended as the key date because it marks the point at which the developer has vested rights to construct the project in accordance with the approved plan. Development of construction drawings and bidding of costs take place after development plan approval. What relief can be given to developers/builders who are constructing work force housing? Council could include a provision to rebate the use tax collected on materials used to build workforce housing. Longmont and Fort Collins have ordinances including this provision. Issues for Council to Consider • A 4% use tax has the potential to generate over $4 million in 2008; this revenue is lost forever if the ballot issue is delayed to a future year. • A use tax would address, at least in part, the ever-widening gap for funding of capital projects. The Capital Project Fund projection prepared for Tuesday's work session includes a $25.8 million shortfall over five years. A use tax on construction material generating $4 to $5 million annually would essentially close the gap. Bonding against $4 million of annual use tax revenue could provide an estimated $40 million of capital projects funding. • Addition of a use tax on construction materials diversifies the town's revenue sources. $4.1 million from use tax reduces reliance on sales tax from current estimate of 38% of total revenue from all sources in 2008 to 35%. Use tax may also offset a loss of sales tax revenue from construction activity. • A use tax on construction and building materials directly impacts a narrow segment of the community. This is the same segment of the community impacted by the recent addition of commercial linkage and inclusionary zoning and current consideration of increases in road impact fees and construction mitigation fees. Imposition of a use tax could discourage additional redevelopment activity. • Building and construction materials are the only major category of tangible personal property specifically exempted from the Town of Vail's sales tax ordinance. A use tax would be complementary to the sales tax and provide consistent treatment among all categories of tangible personal property purchased or used in Vail. Key Decisions for a Construction Use Tax Ballot Issue What is the proposed tax rate? Staff recommends a 4% use tax on building and construction materials to be consistent with the sales tax rate. -s- Is the proposed tax limited to building and construction materials only? Yes, staff recommends limiting the proposed use tax to building and construction materials only. Staff further recommends a rebate on materials used in the construction of work force housing units. How will the proposed tax be paid? Staff recommends collection of the proposed use tax at the time a building permit is issued with the tax assessed on 50% of the valuation of the project as reported on the permit. Adjustments to the tax could be determined by an audit requested by the town or the taxpayer. When will the proposed tax be implemented? Staff recommends the tax become effective with building permits issued after January 1, 2008, with a specific exemption for projects who have received an approved development plan prior to that date. Revisions to approved development plans would not be eligible for the exemption. How will the proposed tax be used? Staff recommends funds generated from the proposed use tax be used for capital projects such as public buildings, roads, and infrastructure. -6- DRAFT QUESTION CONCERNING TOWN OF VAIL CONSTRUCTION USE TAX FOR NOVEMBER BALLOT SHALL THE TOWN OF VAIL'S TAXES BE INCREASED BY $4,000,000 IN FISCAL YEAR 2008 AND BY WHATEVER ADDITIONAL AMOUNTS ARE RAISED ANNUALLY THEREAFTER THROUGH THE ADOPTION OF A USE TAX ON THE PRIVILEGE OF USING AND/OR CONSUMING IN THE TOWN OF VAIL ANY CONSTRUCTION AND/OR BUILDING MATERIALS PURCHASED AT RETAIL INSIDE OR OUTSIDE THE TOWN, AT THE RATE OF FOUR PERCENT (4%) OF THE RETAIL COST OF SUCH MATERIALS AND SHALL THE TOWN BE AUTHORIZED TO COLLECT AND SPEND SUCH REVENUES, INCLUDING ANY INTEREST AND INVESTMENT INCOME THEREON, EXCLUSIVELY FOR CAPITAL ACQUISITIONS AND CAPITAL PROJECTS IN THE TOWN OF VAIL AS A VOTER APPROVED REVENUE CHANGE NOTWITHSTANDING ANY REVENUE OR EXPENDITURE LIMITATION, INCLUDING THOSE CONTAINED IN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION? Note: The above question was drafted by legal counsel in conformance with the requirements for a TABOR election. -~- MEMORANDUM TO: Vail Town Council FROM: Community Development Department DATE: August 7, 2007 SUBJECT: Update to the Vail Town Council on the current status of the Ever Vail applications, their review, and the process moving forward. I. PURPOSE The redevelopment of the area known as Ever Vail is an intricate project with many applications and steps within the development review process. Staff and the Vail Resorts Development Company have scheduled a work session with the Vail Town Council in an effort to communicate the current status of the review process for Ever Vail, located at 862, 923, 934, 953, and 1031 South. Frontage Road West. A presentation to the Vail Town Council will include the review steps that are completed and the anticipated future steps in the review of the Ever Vail redevelopment. At this work session staff will present a schedule that the applicant and staff has created showing what are believed to be the steps that will occur as the Ever Vail project moves forward through the entitlement process. II. NEXT STEPS The sequence of applications and meetings began with the amendments to the Lionshead Redevelopment Master Plan to include several new parcels and revise the recommendations for West Lionshead (Ever Vail). At this point in time applications that will begin to implement the recommendations in the Lionshead Redevelopment Master Plan are being submitted. The first of these applications will be a request for a major subdivision to combine and reconfigure the lots comprising Ever Vail. The first step in this application will be a review of a preliminary plan which will lay the ground work for the submittal of a final plat at a later date. Review of the preliminary plan will occur prior to receiving. a memorandum of understanding with CDOT regarding the potential Frontage Road realignment. A review of the final plat will occur subsequent of this understanding with CDOT as there should be little to no change required on the subsequent of any approvals granted for the final plat. The final plat, if approved, will not be recorded until such time as the Frontage Road is relocated and the transfer of right-of-way is completed upon acceptance of the new Frontage Road by CDOT. A request for a rezoning of the lots created by the Ever Vail final plat will occur in conjunction with the request for review of the final plat. The Commission will be asked to make a recommendation on the rezoning request; however, as the final plat cannot be recorded until such time as the Frontage Road right-of-way exchange there cannot be the adoption of an ordinance by Council to effect the rezoning on the lots until. the final plat is recorded, thus creating the lots. It is anticipated that the requests ,for review of a preliminary plan and a recommendation for rezoning the two lots created by the preliminary plan/final plat will occur at the August 27, 2007, Planning and Environmental Commission. After review of the major subdivision and rezoning requests, applications will be submitted for conditional use permits and major exterior alterations to review the establishment of a parking structure(s) and ski lift within Ever Vail. These will be the first structures to be reviewed within Ever Vail and will include the facility to house the mountain operations equipment currently located on the Maintenance Yard and Holy Cross sites. It is anticipated that review of these applications will occur in the coming months, prior to the end of the year. Subsequent to the applications for the parking structure(s) and ski lift, major exterior alteration applications will be submitted for the mixed-use structures that will comprise the remainder of the Ever Vail. III. ACTION REQUESTED OF COUNCIL There is no action requested of Council at this time IV. ATTACHMENTS A. Copy of the Ever Vail Process Flow Chart 2