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HomeMy WebLinkAbout2010-08-03 Agenda and Support Documentation Town Council Work Session VAIL TOWN COUNCIL WORK SESSION AGENDA +` T (TF Via' VAIL TOWN COUNCIL CHAMBERS 75 S. Frontage Road W. Vail, CO 81657 1:30 P.M., AUGUST 3, 2010 NOTE: Times of items are approximate, subject to change, and cannot be relied upon to determine at what time Council will consider an item. Public comments on work session item may be solicited by the Town Council. 1. ITEM /TOPIC: PEC /DRB Update. (15 min.) PRESENTER(S): Warren Campbell 2. ITEM /TOPIC: Discussion of budget guidelines which will be used in developing the town's 2011 operating budget. (15 min.) PRESENTER(S): Kathleen Halloran ACTION REQUESTED OF COUNCIL: Provide feedback regarding these guidelines. BACKGROUND: Town Council requested a brief overview of the detailed budget parameters prior to the annual budget presentation, currently scheduled for September 21 st. STAFF RECOMMENDATION: Review attached budget guidelines and provide staff with feedback and direction. 3. ITEM /TOPIC: A presentation of rockfall mitigation options to allow for the redevelopment of the eastern portion of Timber Ridge Village Apartments. (30 min.) PRESENTER(S): Greg Hall ACTION REQUESTED OF COUNCIL: The Vail Town Council is being asked to select two options for further evaluation and study. Following Town Council direction the town staff and applicant will more thoroughly evaulate the options for possible implementation. BACKGROUND: Pursuant to the Official Hazard Map of the Town of Vail adopted by the Vail Town Council, The Timber Ridge redevelopment site is located within a high severity rockfall hazard zone. In accordance with Chapter 21, Hazard Regulations, the applicant is required to demonstrate the ability to mitigate the identified geologic hazard. Six options for mitigation have been identiified. Please refer to the staff memorandum dated August 3, 2010 for more detailed information. 8/3/2010 STAFF RECOMMENDATION: Staff recommends that the Vail Town Council instructs staff and Vail Timber Ridge LLC to pursue further evaluation and study of Option #4 and Option #7. At this time, staff projects that the cost of said work to be approximately $7,500 - $10,000 and roughly 45 days to complete. 4. ITEM /TOPIC: Information Update. Attachment Only: a. Community Garden Update b. Bald Mountain Underpass Repairs Update c. EHU Master Deed Restriction (10 min.) PRESENTER(S): Pam Brandmeyer 5. ITEM /TOPIC: Matters From Mayor & Council. (20 min.) PRESENTER(S): Town Council 6. ITEM /TOPIC: Executive Session, pursuant to: 1) C. R. S. §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, Regarding: Discussion concerning negotiations regarding Timber Ridge Redevelopment Agreement and Skier Drop Off. (60 min.) PRESENTER(S): Matt Mire 7. ITEM /TOPIC: 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 17, IN THE VAIL TOWN COUNCIL CHAMBERS. FUTURE AGENDA ITEMS: Village Wi -Fi Follow up - August 17 Ever Vail Service Plan -August 17 Ever Vail Fiscal /economic plan - August 17 VRA Bonding - August 17 8/3/2010 Conference Center Funds Reallocation Update - September 7 Parking Policy Zoning Regulations - September 7 Building Code Amendments - September 7 Sustainable Zoning Code - September 7 Parking Strategic Plan - September 7 EverVail Economic Study - September 7 Four Seasons Concierge - September 7 Five Year Capital and RETT Discussion - September 7 VLMD Operating Budget - September 21 Commercial Ski Storage - September 21 Energy Audit Upgrades - November 8/3/2010 'OWN OF VAM . VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: August 3, 2010 ITEM /TOPIC: PEC /DRB Update. PRESENTER(S): Warren Campbell 8/3/2010 T VAIL VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: August 3, 2010 ITEM /TOPIC: Discussion of budget guidelines which will be used in developing the town's 2011 operating budget. PRESENTER(S): Kathleen Halloran ACTION REQUESTED OF COUNCIL: Provide feedback regarding these guidelines. BACKGROUND: Town Council requested a brief overview of the detailed budget parameters prior to the annual budget presentation, currently scheduled for September 21 st. STAFF RECOMMENDATION: Review attached budget guidelines and provide staff with feedback and direction. ATTACHMENTS: Budget Parameters 8/3/2010 MEMORAI DUM TO: Vail Town Council FROM: Stan Zemler DATE: July 29, 2010 SUBJECT: Budget Parameters The purpose of this memo is to provide Council with the key components of the upcoming budget. Please provide feedback regarding these items: Revenue Council reviewed detailed assumptions for projected 2011 town revenues on July 20th. The following are highlights from that discussion: • Total annual revenue for 2011 is projected to be a 10% reduction from forecasted 2010 revenue. A majority of this decrease is due to federal grants planned for 2010 that do not extend into 2011 ($5M for a transit center, for example). Without the impact of these grants, total revenue is projected at a 3% reduction from the 2010 amended budget and a 1.1% increase from 2009. • Sales tax is projected flat with 2009 collections. • Real Estate Transfer Tax is projected at a 9% increase from 2010, due to limited sales of major redevelopment projects. • Parking revenue is projected flat with 2009 and 2010. • Property Tax revenue is projected flat with 2010 budget. Expenditures The following directives were given to department heads for preparing their operating budgets: • I o increases to headcount from the 2010 budget. • I o merit /salary increase will be budgeted, however if January -April sales tax results reach 5% over the 2010 budget (for that time period), and year -to -date expenditures are within budget, we will propose a performance -based pool of approximately 3% of salaries to be distributed to eligible employees as a one -time lump sum payment, which will not become a part of base salaries. • 3% decrease in operating expenditures for every department. There are still a few "unknowns" that we are currently researching, such as the potential impact of recent healthcare legislation (we do not expect a significant impact in 2011) and upcoming events such as Vail's 50 anniversary and the 2015 World Championships. Overall, we will operate within annual revenue streams and do not plan to use any reserve funds in 2011 for operations. 1 8/3/2010 2 -1 -1 'OWN OF VAM . VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: August 3, 2010 ITEM /TOPIC: A presentation of rockfall mitigation options to allow for the redevelopment of the eastern portion of Timber Ridge Village Apartments. PRESENTER(S): Greg Hall ACTION REQUESTED OF COUNCIL: The Vail Town Council is being asked to select two options for further evaluation and study. Following Town Council direction the town staff and applicant will more thoroughly evaulate the options for possible implementation. BACKGROUND: Pursuant to the Official Hazard Map of the Town of Vail adopted by the Vail Town Council, The Timber Ridge redevelopment site is located within a high severity rockfall hazard zone. In accordance with Chapter 21, Hazard Regulations, the applicant is required to demonstrate the ability to mitigate the identified geologic hazard. Six options for mitigation have been identiified. Please refer to the staff memorandum dated August 3, 2010 for more detailed information. STAFF RECOMMENDATION: Staff recommends that the Vail Town Council instructs staff and Vail Timber Ridge LLC to pursue further evaluation and study of Option #4 and Option #7. At this time, staff projects that the cost of said work to be approximately $7,500 - $10,000 and roughly 45 days to complete. ATTACHMENTS: Town Council Memorandum Timber Ridge Attachments 8/3/2010 MEMORANDUM TO: Vail Town Council FROM: Community Development Department Public Works Department DATE: August 3, 2010 SUBJECT: Timber Ridge Redevelopment Update and Geologic Hazard Mitigation Update Significant progress has been made since the last formal update to the Town Council on April 6, 2010, on the review of the development applications associated with the redevelopment of Timber Ridge Village Apartments. The applicant, Vail Timber Ridge LLC has appeared before the Town of Vail Design Review Board at four public meetings to receive conceptual review of the proposed plans. To date, the applicant has been responding favorably to the input and comments shared by the Board. At this time, the applicant is scheduled for a final review of the design review application by the Town of Vail Design Review Board on Wednesday, August 4 th The Town staff and the applicant have also been evaluating additional options for the mitigation of the geologic hazards directly affecting the site. In addition to the four previously explored mitigation options, three alternate options have been developed and evaluated. All together, a total of seven options have been studied. One option has been eliminated as it is generally impractical to implement. Action Requested of Town Council The Town staff is requesting direction from the Vail Town Council on which two rockfall mitigation options should be further evaluated for possible implementation. Pursuant to the pre - development agreement with Vail Timber Ridge LLC, the Town of Vail and Vail Timber Ridge LLC are obligated to cost share (50/50) the evaluation and subsequent design of the rockfall mitigation improvements. The Town of Vail is obligated to pay for the cost of constructing the improvements. Following the staff presentation, the Town Council is being asked to select two options for further evaluation and study. Based upon the Town Council's direction staff will work cooperatively with the applicant to assemble more detailed design drawings and construction cost estimates. Background Pursuant to the Official Hazard Map of the Town of Vail adopted by the Vail Town Council, the Timber Ridge redevelopment site is located within a high severity rockfall hazard zone. A site specific geologic hazard report prepared by HP Geotech reaffirms this designation and has concluded that the site can be developed provided mitigation can be accomplished to reduce the danger to the public health and safety and to protect the inhabitants of the Town from the hazard. The Town of Vail may not exempt itself 1 8/3/2010 3 -I -I from the adopted hazard regulations without first adopting amendments to the Zoning Regulations. Purpose The purpose of this memorandum is to generally describe each of the options and provide a list of pros and cons associated with each. In the end, the staff and applicant are requesting design direction from the Town Council on which option(s) to pursue. Pursuant to the Zoning Regulations of the Town of Vail, a final review can not be heard until a final geologic hazard mitigation plan is submitted and approved in accordance with Chapter 21 of the Zoning Regulations. Next Steps Pursuant to the conditions of approval, the Developer is scheduled to appear before the Town of Vail Planning & Environmental Commission on Monday, August 23rd to present a revised landscape plan and site plan. Among other obligations, the revised site plan must include the proposed geologic hazard mitigation measures proposed for the project. Geologic Hazard Mitigation Options According to the Official Town of Vail Geologic Hazards Map, the Timber Ridge redevelopment site is located with a high severity rockfall hazard zone. The findings of a site specific geologic hazards study (HP Geotech, 2009) concluded that future rockfall is likely infrequent but has the potential to present a significant risk to the proposed redevelopment. With this in mind, a number of conceptual rockfall mitigation options were proposed. The Colorado Rockfall Simulation Program was used to evaluate the rockfall dynamics for each of the mitigation options. Staff has reviewed six possible options for rockfall mitigation for the proposed redevelopment. The options include wire rope net barriers, a mechanically stabilized earth (MSE) barrier and outcrop stabilization. In addition to the differing types of mitigation, a number of different locations were considered. The locations include high up on the hillside immediately adjacent to the rock outcrop, midway down the slope, along the top of the existing road cut and along the north or south edges of Lions Ridge Loop. All options are viable and could be constructed to achieve a 90% or 98% level of probability. All options require the construction of 900 — 1,000 feet of rockfall mitigation and the creation of an access and maintenance easement. The estimated cost of each option assumes a 90% confidence level of protection probability. Option 1: SEE ° wrier (option disregarded due to impracticalities) Option 2: Wire Rope Net Barrier on the Property The wire rope net barrier requires a retained fill bench to be constructed wide enough to accommodate the barrier. Construction access is off of Lions Ridge Loop. The barrier is approximately 15 feet tall in height. Estimated Cost — $1,490,000 2 8/3/2010 3 -I -2 Pros • Mitigation is located on the development site • Largely screened from view by the buildings • Does not require permission from adjoining property owners to construct • Can be screened visually with landscaping • Ease of access and maintenance Cons • Requires construction of a costly down slope retaining wall • Affects on site snow removal operations • Requires changes to on site retaining wall system design • Does not protect the road • Least cost effective option Option 3: Wire Rope Net Barrier at the Rock Outcrop The wire rope net barrier would be constructed along the base of the rock outcrop up on the hillside. A temporary access trail /road or helicopter would provide access to the barrier location for construction. The barrier is approximately 10 feet tall in height. Estimated Cost — $600,000 - $650,000 Pros • Requires a 50% shorter net barrier height when compared to other options • Protects the road and the Timber Ridge residents Cons • Requires the mitigation to be constructed on Town of Vail Open Space • Requires permission from adjoining property owners to construct • Greater negative visual impacts • Costly construction access via helicopter or foot paths • Site disturbance caused by temporary access road /trail Option 4: Wire Rope Net Barrier above Lions Ridge Loop The wire rope net barrier would be constructed along the top of the road cut of Lions Ridge Loop. Construction would require crane access from Lions Ridge Loop. The barrier is approximately 11 feet tall in height. Estimated Cost — $400,000 - $430,000 Pros • Protects the road and the Timber Ridge residents • Ease of access and maintenance • Results in a lower net height • Most cost effective option • Maintains two way traffic on Lions Ridge Loop Cons • Requires permission from adjacent property owners to construct • More difficult to screen from view with landscaping • Greater negative visual impacts • Requires mitigation to be constructed on Town of Vail Open Space 3 8/3/2010 3 -1 -3 Option 5: Outcrop Stabilization The anchored outcrop stabilization (hair net) will be achieved by pinning a flexible steel mesh on the outcrops with grouted rock bolts. A temporary access trail /road or helicopter would provide access to the barrier location for construction. The outcrop stabilization would be approximately 113,220 square feet or 2.6 acres in size. Estimated Cost — $640,000 - $690,000 Pros • Mitigates the hazard directly at the source • Very low maintenance once constructed • Could be visually screened with native landscaping Cons • Requires the mitigation to be constructed on Town of Vail Open Space • Requires permission from adjoining property owners to construct • Costly construction access via helicopter or foot paths • Site disturbance caused by temporary access road /trail Option 6: Wire Rope Net Barrier above a New Wall along Lions Ridge Loop The wire rope net barrier would be constructed atop a retained fill bench located on the north side of Lions Ridge. Lions Ridge Loop would shift about six feet to the south. Construction access is off of Lions Ridge Loop. The barrier is approximately 11 feet tall in height. Estimated Cost — $810,000 - $890,000 Pros • Does not require permission from adjoining property owner to construct • Protects the road and the Timber Ridge residents • Ease of access and maintenance Cons • May impact existing traffic patterns in the area • Requires the relocation of existing utility lines • A more costly option given the road relocation required Option 7: Wire Rope Net Barrier on Property with Relocated Lions Ridge Loop The wire rope net barrier would be constructed atop a retained fill bench located along the southerly edge of Lions Ridge Loop. Lions Ridge Loop would be slightly realigned to the north ( +/ -10 feet) to accommodate the fill bench. The barrier is approximately 20 feet tall in height. Construction access is off of Lions Ridge Loop. Estimated Cost — $596, 000 - $656,000 Pros • Maintains two way traffic on Lions Ridge Loop • Does not require the relocation of existing utility lines • Can be screened visually with landscaping • Ease of access and maintenance • Largely screened from view by the buildings • Mitigation takes place adjacent to the development 4 8/3/2010 3 -1 -4 Cons • Requires the mitigation to be constructed on Town of Vail right -of -way • Greater negative visual impacts due to higher fence height • Requires road to be relocated Staff Recommendation The Town staff is recommending that the Vail Town Council instructs the staff and Vail Timber Ridge LLC to pursue further evaluation and study of Option # 4 and Option #7. Staff's recommendation is based upon our review and understanding of: 1) the applicable Zoning Regulations, 2) the engineering involved in constructing the mitigation improvements, 3) the pros and cons associated with each of the options, 4) the estimated cost of the improvements, and 5) the practical realities associated with each of the options. For instance, both Option #4 and Option #7 can be constructed with little, if any, negative impacts to the surrounding area. Construction access and future maintenance can be provided via Lions Ridge Loop. Each of the Options allows for the visual impacts associated with the rockfall mitigation to be screened with landscaping. In both instances access and availability of water for irrigation and maintenance is easily accommodated. Unlike other options, it is likely that a significant portion of the future buildings will screen the view of mitigation improvements. Neither Option requires the relocation of public utilities. Staff recommends that the Vail Town Council instructs staff and Vail Timber Ridge LLC to pursue further evaluation and study of Option #4 and Option #7. At this time, staff projects that the cost of said work to be approximately $7,500 - $10,000 and roughly 45 days to complete. 5 8/3/2010 3 -1 -5 - , � �, , gyp.,..•. R � �af Imo\ UW1 9-t Mom r Option 2 1 o Ilk 11 1/ 0 0 I INN —� w (` s IN � L o - z r w — tr - c - NET Rafe, C ►2 T-he PRoPEI�T'Y. .'. .f :.: O pp d jeq wLL _ `ii • \ 0. • F ' . a\ �\? f • \ r OD i r Option 3 a t J J 'A I I C R r T,, 1 ' Y 1 � t I � 1 K yy 1 RC. N ET R vm r r!i ov cie �S �ri 8/3/2010 3 -2 -4 MwdORAOM eBM JSWU PA - r .. !4 pp Option 4 / ° w J 9f � �. 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EHU Master Deed Restriction PRESENTER(S): Pam Brandmeyer ATTACHMENTS: Community Garden Update Bald Mountain Underpass Repairs Update EHU Master Deed Restriction 8/3/2010 MEMORANDUM TO: Vail Town Council FROM: Community Development Department DATE: August 3, 2010 SUBJECT: Information Update: Community Garden Background Information I. SUMMARY The purpose of this memorandum is to provide background information on the community garden that was proposed in 2000 to be located at 2470 South Frontage Road on the western portion of the Stephen's Park lot located west of the Kinnikinnick Road bridge. The community garden project was withdrawn prior to approval and was never constructed. Due to renewed interest in the project, Staff is providing this information update at the Vail Town Council's request. At this time, Staff does not request any action be taken by the Vail Town Council. II. BACKGROUND On May 8, 2000, the Planning and Environmental Commission held a hearing on a conditional use permit application for an active outdoor recreation area that would facilitate the creation of a community garden at 2470 South Frontage Road in the Intermountain neighborhood. Active outdoor recreation areas are defined in Section 12 -2 -2, Definitions, Enumerated, Vail Town Code, as "Outdoor recreational activities which involve organized or structured recreation that is associated with recreational facilities, excluding buildings. For example, active outdoor recreation would include, but not be limited to: athletic fields, playgrounds, outdoor basketball and tennis courts, outdoor swimming pools, sledding and skiing areas, fitness trails with exercise stations, etc." The community garden proposal included the following components: • 25- 4 foot by 24 foot garden plots • A cedar sided shed, donated by a neighbor • 3 on -site compost bins • 10 space parking lot, accessed off Kinnikinnick Road • Connection to the Stephen's Park irrigation system water tap • Establishment of a volunteer board of directors appointed by the Vail Town Council to manage operations and leasing of the garden Staff recommended approval of the application, with the following conditions: • The existing chain link fence must be removed. • All easement holders must sign off on the application. The following is a summary of the comments provided by the PEC and members of the public, based on the minutes from the May 8, 2000 PEC hearing: • Doug Cahill suggested increasing down payments and donations. • John Schofield said the land should be used for a cemetery. Diane Golden suggested a basketball court could be an alternative use. • When questioned about neighbor concerns, Planner Allison Ochs stated there were no 1 8/3/2010 4 -1 -I inquiries from neighbors after notices were sent. • Commissioners questioned how many parking spaces would be adequate, with some suggesting no parking on -site due to proximity and availability of Stephen's Park parking lot. • Doug Cahill was concerned about the types of fertilizer that would be permitted. • Galen Aasland suggested that management and parking plans should be submitted. III. ZONING ANALYSIS Address: 2470 South Frontage Road Lot Size: 16,840 sq ft (portion of lot west of Kinnikinnick Road bridge) Zoning: Outdoor Recreation District Land Use Designation: Park Current Land Use: Undeveloped park area Permitted Uses: Bicycle and pedestrian paths. Interpretive nature walks. Nature preserves. Passive outdoor recreation areas and open spaces. Conditional Uses: Accessory buildings and uses (i.e. restrooms, drinking fountains, concessions, storage) Cemeteries. Communications antennas and appurtenant equipment. Equestrian trails, to access national forest system lands. Public parks and active public outdoor recreation areas and uses, excluding buildings. Public utility and public service uses. Seasonal use or structure. Ski lifts, tows and runs. Well water treatment facilities. IV. FUTURE CONSIDERATIONS FOR A COMMUNITY GARDEN The following issues have been identified for consideration should a community garden be proposed on in the future on the subject property: • Funding • Operations • Maintenance • Use agreements • Management • Structures (i.e. fences, sheds, trash enclosures) • Parking • Gore Creek/ Floodplain impacts V. ATTACHMENTS A. Vicinity Map B. Community Garden Proposed Site Plan dated April 13, 2000 2 8/3/2010 4 -1 -2 247? South Frontage Road West Location of Formerly Proposed Community Garden (Part of US G Lot 13, 23 & 24 Area ofInterest Section 14, Township 5. Range 81) v CID 73 0 - - 'nx- rpw��ewlr�ertlu iex , mw vs iun axea�rinn�aruwdtegvre Naxaxc Y, �xwne lYiax3 rc wn � rora epn oyienea �nan Feet w + ., .. ,�i� IX. � {��'� _es! Audi lhed a,P,�:27,2 30 Tm rvio Attachment B u ti � _ � H - '-- j Lu M' <C U- - m x W L w 11C kn z , 0 D r o f Q w z. Jj LL r `v ,;-� Lo 8/3/2010 4 -1 -4 INFORMATION UPDATE TO: Town Council FROM: Department of Public Works DATE: August 3, 2010 SUBJECT: Bald Mountain Underpass Repairs Update I. The Project Repairs to the elevated path at the Bald Mountain underpass are a scheduled project in 2010. The existing retaining wall supporting the path is showing significant deterioration due to freeze /thaw and 1 -70 plowing operations. Additionally, the pavement, railings and drainage system require maintenance. Staff has reviewed several design options for repairs and is recommending that the path should be reconfigured according to the attached plan. The decision is based on the determination that replacement /repair of the existing design would allow continued decline and require additional repairs in the future. Other factors in the decision include: • Cost • Safety • Maintenance and sustainability • Compatibility with proposed Frontage Road shoulder widening II. Project Schedule Staff plans to proceed through the design review process and to put the project out to bid in the next few weeks with construction anticipated starting in mid - September. The project is currently budgeted in 2010. III. Attachments 1) Photos of Existing Path 2) Cross Section and Plan of Proposed Configuration 8/3/2010 4 -2 -1 r , l_ f 0. z Above: Example of deterioration (July 2010) Below: Winter ice across path (March 2010) JTVR �. Aw - F ii. 8/3/2010 4 -2 -2 SOUTH FRONTAGE ROAD WIDENING AT BALD MOUNTAIN ROAD INTERSTATE 70 UNDERPASS, MILE POST #179 PROPOSED ROADWAY WIDENING PLAN TYPICAL SECTION D —D ROADWAY AND PATH SECTION EXISTING OPTION #3 EXISTING BRIDGE I COLUMN COLUMN \ \SAW CUT I I I I EXISTING RECREATION PATH TO BE REMOVED +I PROPOSED I + I CONCRETE SIDEWALK BIKE LANE DRIVING LANE ROO LNE DRI LANE BIKE LANE 2.2:1 6.00' 5.00' -12.00' 12.00' 5.00' / 4" CONCRETE I I SHIFT CONCRETE 2 :1 SLOPE PAVING I 2,00' SLOPE I I OVER OF MATCH MATCH PAVING / BASE CO URSE \ 2 00% EXISTING EXISTING SAW CUT GRADE -E G RADE SAW CUT ° EXISTING ASPHALT I „ SECTION SCALE. REMOVE 24° of —I� 30" CARRY ASPHALT AND PROPOSED ROADWAY "oj' H &V INSTALL PATCH BACK WIDENING WITH 6" OF INSTALL EXPANSION TYPE CURB OF 6" OF HBP OVER AND GUTTER HBP OVER $" ABC JOINT MATERIAL 8" OF ABC WIDTH VARIES 30" CARRY AROUND ALL EXISTING CONCRETE BRIDGE TYPE CURB COLUMNS AND GUTTER ASPHALT WIDENING OF 6" OF HBP OVER $" OF PROVIDE A SAW CUT SMOOTH EDGE ALONG. ALL 18" RCP COMPACTED BASE COURSE PER SOILS ENGINEERS PROPOSED ASPHALT WIDENING A MINIMUM OF 1.0' FROM STORM PIPE RECOMMENDATIONS THE EXISTING EDGE OR A MINIMUM 2' PATCH BACK WIDTH COORDINATE WITH THE TOWN AND THE ENGINEER IF UNSUITABLE SUB -GRADE CONDITIONS ARE ENCOUNTERED SOUTH FRONTAGE ROAD WIDENING AT BALD MOUNTAIN ROAD INTERSTATE 70 UNDERPASS, MILE POST #179 PROPOSED ]ROADWAY WIDENING PLAN I i ASPEN \ — — LAN" ,H„'�,a -*'m./ 'i � •, oa 71- BALD MTN. ®6 ROAD mw i INTERSTATE 70 � WEST BOUND SCALE: 1" = 40' BALD MOUNTAIN RD. UNDERPASS SOUTH FRONTAGE ROAD WIDENING AT INTERSTATE 70 MILE POST /179 TOWN OF VAIL EAGLE COUNTY, COLORADO R M�`1e0. SHEET 3 01 3 i mm. W/Y /101 RC JOB�CITI6 e / � � i i� eo.3f!'8C49F4.9a '•e.. /' me.. vm.. INTERSTATE 70 EAST BOUND J A-0 mw i INTERSTATE 70 � WEST BOUND SCALE: 1" = 40' BALD MOUNTAIN RD. UNDERPASS SOUTH FRONTAGE ROAD WIDENING AT INTERSTATE 70 MILE POST /179 TOWN OF VAIL EAGLE COUNTY, COLORADO R M�`1e0. SHEET 3 01 3 i mm. W/Y /101 RC JOB�CITI6 e / � � i i� eo.3f!'8C49F4.9a '•e.. /' me.. vm.. INTERSTATE 70 EAST BOUND J A-0 MEMORANDUM TO: Vail Town Council FROM: Community Development Department DATE: August 3, 2010 SUBJECT: Town of Vail Master Deed Restriction I. INTRODUCTION The purpose of this memorandum is to provide the Vail Town Council with an overview of the Master Deed Restriction for Resale and Occupancy and key provisions of the document related to appreciation and recoupable capital improvements. The Town of Vail established the Master Deed Restriction for Resale and Occupancy (deed restriction) in 1996, with the construction of Vail Commons and has subsequently used the deed restriction for Red Sandstone Creek, North Trail, buy down units and the Arosa Drive duplex. The deed restriction has four salient points for owners: • An Owner must use the unit as his /her primary residence and maintain it as his /her primary residence during their ownership. • An Owner must be employed an average of 30 hours /week per year at an Eagle County business and maintain this level of employment for as long as he /she owns the unit unless they are a retired owner, sixty years or older, who has worked a minimum of five years in Eagle County for an average of thirty hours per week on an annual basis. • An Owner must demonstrate that at least 75% of his /her income and earnings are earned by working at that Eagle County business. • An Owner must agree to the 3% annual maximum appreciation cap. In addition to providing the requirements for owning and occupying a unit, it defines how the maximum resale value is calculated and how resales are conducted. II. MAXIMUM RESALE PRICE Per the deed restriction, "In no event shall the Property or Unit be sold for an amount (Maximum Sales Price) in excess of the Owner's purchase price, plus an increase of three percent (3 %) of such price per year from the date of purchase to the date of Owner's notice of intent to sell 8/3/2010 4 -3 -1 (prorated at the rate of 0.25% for each whole month for any part of the year)." The deed restriction also allows for the additional of Permitted Capital Improvements to be added to the Maximum Sales Price. "For every ten - year (10) period, from the date of original purchase and deed restriction, another ten percent (10%) of the purchase price may be added to the value of the property for Permitted Capital Improvements. All such Permitted Capital Improvements installed or constructed over the life of the Unit shall qualify." III. PERMITTED CAPITAL IMPROVEMENTS Permitted Capital Improvements are identified in the deed restriction. Permitted Capital Improvements generally include items that improve the function and operation of a unit. It specifically states "improvements for • Energy and water conservation, • Health and safety protection devices, • To add and /or finish permanent /fixed storage space, and /or • Improvements to finish unfinished space." On October 9, 2007, the Vail Town Council amended the Permitted Capital Improvements to include more replacement items (floor coverings, appliances, etc.) as some units in the Town's inventory were 10 -years old at that point. Maximum prices for these types of improvements are incorporated into the deed restriction and a 5 -year depreciation schedule was added for these specific types of improvements. With these amendments the Permitted Capital Improvements are fairly extensive and cover improvements that typically maintain or increase the value of any unit, not just deed restricted units. IV. PROPOSED RED SANDSTONE CREEK IMPROVEMENTS Improvements made to Red Sandstone Creek, encapsulating crawl spaces to reduce the potential for moisture and heat loss, adding insulation and redoing the roof system to reduce heat loss and the need for heat tape are improvements specifically intended to be recoupable under the deed restriction. 8/3/2010 4 -3 -2 'OWN OF VAM . VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: August 3, 2010 ITEM /TOPIC: Matters From Mayor & Council. PRESENTER(S): Town Council 8/3/2010 'OWN OF VAM . VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: August 3, 2010 ITEM /TOPIC: Executive Session, pursuant to: 1) C.R.S. §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, Regarding: Discussion concerning negotiations regarding Timber Ridge Redevelopment Agreement and Skier Drop Off. PRESENTER(S): Matt Mire 8/3/2010