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HomeMy WebLinkAbout2011-10-18 Agenda and Support Documentation Town Council Work SessionVAIL TOWN COUNCIL WORK SESSION AGENDA FQ10 VAIL TOWN COUNCIL CHAMBERS 75 S. Frontage Road W. Vail, CO 81657 1:00 P.M., OCTOBER 18, 2011 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. ITEM /TOPIC: VLMD - SEPARATE MEETING Vail Local Marketing District 2012 Budget Resolution No. 1, Series 2011 (15 min.) PRESENTER(S): Kathleen Halloran ACTION REQUESTED OF COUNCIL: Approve or approve with amendments VLMD Resolution No. 1, Series 2011 BACKGROUND: On September 9, Town Council sitting as the VLMD Board reviewed the 2012 Operating Plan and Budget. No changes have been made since that time. STAFF RECOMMENDATION: Approve or approve with amendments VLMD Resolution No. 1, Series 2011 2. ITEM /TOPIC: DRB /PEC Update (15 Min.) PRESENTER(S): Warren Campbell 3. ITEM /TOPIC: 2012 Budget Discussion (30 min.) PRESENTER(S): Kathleen Halloran 4 ACTION REQUESTED OF COUNCIL: Discussion of budget and previous Council questions in preparation of the evening meeting first reading of the budget ordinance. BACKGROUND: Provided in cover memo to budget packet. STAFF RECOMMENDATION: Review and discuss questions regarding the 2012 budget in preparation for the evening meeting. ITEM /TOPIC: Information Update and Attachments (placeholder): 1) Lionshead Welcome Center Community Space: Request for Proposals (RFP), included in Council's packet is a proposed RFP for the third level 10/18/2011 community space in the Lionshead Parking Structure. Please provide staff with any input or direction as it relates to this RFP. Staff would like to proceed with release of this RFP as soon as Friday, October 21, 2011; 2) VEAC Minutes for October 11, 2011; 3) August 2011 All Store Same Store Sales Report; 4) Summer Parking Wrap Up; and 5) Lift Tax Letter from VRI and memo. (15 min.) PRESENTER(S): Various 5. ITEM /TOPIC: Discussion of the draft CDOT lease for 2011 -2012 ski season and the town's on going agreement to make improvements to the frontage road to allow parking per the Council's direction. (20 min) PRESENTER(S): Greg Hall ACTION REQUESTED OF COUNCIL: Provide feedback and direction for staff to finalize and execute the lease. BACKGROUND: The town and CDOT, for the past two years, have had lease agreements to allow any parking on the frontage roads which are owned by CDOT. The past lease required that the town and CDOT develop a plan to allow continued use of the frontage roads if specific improvements are completed. The Council reviewed the improvements at the September 15, 2011 meeting. The draft lease provides the documentaiton of the plan. STAFF RECOMMENDATION: There are some specific items which need to be further discussed with CDOT and the staff is looking for direction on these items as outlined in the cover memo. 6. ITEM /TOPIC: The purpose of this worksession is to provide answers to some of the more commonly asked questions regarding historic preservation /landmark designation and receive direction from the Vail Town Council on whether the Town staff should pursue a public process with the community to discuss preserving and protecting historic structures and landmarks in Vail Village and implementing any regulatory tools that may be necessary to carry out the Town's development objectives. (30 Minutes) PRESENTER(S): George Ruther ACTION REQUESTED OF COUNCIL: Should Town staff pursue a public process with the community to discuss preserving and protecting historic structures and landmarks in Vail Village and implementing any regulatory tools that may be necessary to carry out the Town's development objectives? BACKGROUND: On February 18, 2009, the Vail Town Council adopted Resolution No. 23, Series of 2008, a resolution that provided for certain updates to the Vail Village Master Plan. One of the more significant updates to the plan was the addition of an objective recognizing the "historic" importance of architecture, structures, landmarks, plazas and features with the goal of preserving the existing character of Vail Village. Staff is prepared to move forward with action on this issue to instructed to do so by the Vail Town Council. STAFF RECOMMENDATION: The Community Development Department 10/18/2011 recommends the Vail Town Council instructs Town staff to puruse a public process aimed at addressing the issue of historic preservation and landmark designation in Vail Village, pursuant to the recommendations of the Vail Village Master Plan updated by the Vail Town Council in February of 2009. Staff believes that the most appropriate time to address this issue as when development pressures are low and when a more proactive approach to addressing the issue can be taken by the community. Addressing the issue proactively and in advance of increased development pressures ensures that when development activity increases, the expectations are clearly articulated and can be consistently applied. 7. ITEM /TOPIC: Matters from Mayor and Council (15 min.) 8. 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 , Ever Vail Development Agreement; 2) C.R.S. §24 -6 -402 (4)(b) - to receive legal advice on specific legal questions; 3) 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: Lionshead Subway. (60 min. ) PRESENTER(S): Matt Mire 9. ITEM /TOPIC: Adjournment (4:20 p.m.) NOTE: UPCOMING MEETING START TIMES BELOW (ALL ARE APPROXIMATE DATES AND TIMES AND SUBJECT TO CHANGE) -- THE NEXT REGULAR VAIL TOWN COUNCIL REGULAR WORK SESSION WILL BEGIN AT APPROXIMATELY 12:30 P.M. (or TBD), TUESDAY, NOVEMBER 1, 2011 IN THE VAIL TOWN COUNCIL CHAMBERS FUTURE AGENDA ITEMS: November 1 - Vail Reinvestment Authority (VRA) SEPARATE MEETING FOR 2012 Budget Resolution - Kathleen - 30 min. November 1, 2011 Work session: Commercial Ski Storage Discussion only - 60 min - Rachel November 1, 2011 Evening meeting: Second Reading of Town Manager Budget - Kathleen - 30 min. Ord 22 - Commercial Ski Storage - 1st reading - Rachel - 30 min. Consent Agenda: 1) October meeting minutes; 2) CDOT Lease /Resolution Ord 23 - Public Parking on Private Property - 1st reading - Bill G - 15 min. Red Sandstone Elementary School Request to Proceed through Process /Partial Exterior Refinish - Nov. 1 - evening - 30 min. Dates /TBD: Swearing of of new Town Council members and appointment of new Mayor -WS -11/15 10/18/2011 First Reading of Mill Levy certification ordinance - Kathleen - 30 min. - Evening - 11/15 DRB View Corridor Tree Policy - George - Evening - 30 min. - 11/15 Second Reading of Mill Levy certification ordinance - Kathleen - 10 min. Evening - Dec. 6 First Reading of Supplemental #3 - Kathleen - 30 min. - Evening - Dec. 6 Peer Resort Sharing Discussion - Staff /Council - 45 min. - Dec. 6 CSE funding recommendation - Kelli - 30 min. Evening - Dec. 6 CSE /VLMDAC vacancy appointment interviews - Kelli /Pam - WS - 30 min. - Dec. 6 CSE /VLMDAC vacancy appointments - Kelli /Pam - WS - 10 min. - Dec. 6 Second Reading of Supplemental #3 - Kathleen - 10 min. - Evening - Dec. 20 Recognition of Mike Kloser - Mark Miller - Evening - TBD - 10 min. Strategic Parking Plan - Greg Hall - 60 min. - TBD Comcast Discussion - Ron Braden /Matt Mire 60 min. - TBD NWCCOG Brief Discussion from Pam Caskie, Ex. Dir. - 10 min. or TBD Mutual Aid Agreement - Mark Miller - Consent Agenda - TBD GID Resolution and Discussion - Stan /Matt - TBD (Separate Meeting) 10/18/2011 TOM OF vn' i0> VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: October 18, 2011 ITEM /TOPIC: VLMD - SEPARATE MEETING Vail Local Marketing District 2012 Budget Resolution No. 1, Series 2011 PRESENTER(S): Kathleen Halloran ACTION REQUESTED OF COUNCIL: Approve or approve with amendments VLMD Resolution No. 1, Series 2011 BACKGROUND: On September 9, Town Council sitting as the VLMD Board reviewed the 2012 Operating Plan and Budget. No changes have been made since that time. STAFF RECOMMENDATION: Approve or approve with amendments VLMD Resolution No. 1, Series 2011 ATTACHMENTS: VLMD Agenda 2012 VLMD budget 10/18/2011 VAIL LOCAL MARKETING DISTRICT VAIL TOWN COUNCIL CHAMBERS 75 S. Frontage Road W. Vail, CO 81657 AGENDA 1:00 P.M., TUESDAY, OCTOBER 18, 2011 NOTE: Times of items are approximate, subject to change and cannot be relied upon to determine at what time Commissioners will consider an item. ITEM /TOPIC: 2012 Vail Local Marketing District (VLMD) Budget Resolution No. 1, Series 2011 (30 min.) Presenters: Kelli McDonald, Economic Development Manager and Adam Sutner, Vail Local Marketing District Advisory Council (VLMDAC) On September 9, 2011, the Town Council sitting as the VLMD board approved the 2012 VLMD Operating Plan. There have been no changes since that time. Staff requests approval or approval with amendments to VLMD Resolution No. 1, Series 2011 ATTACHMENTS: VLMD 2012 Cover Memo VLMD Proposed Budget Resolution No. 1, 2011 10/18/2011 MEMORANDUM TO: Vail Local Marketing District FROM: Kathleen Halloran and Kelli McDonald SUBJECT: Vail Local Marketing District 2012 Budget DATE: October 18, 2011 1. BACKGROUND The mission of the Vail Local Marketing District (VLMD) is to market and promote Vail to attract overnight guests primarily during the May — October time frame, creating economic vitality by increasing both the visitor base and lodging sales tax revenues. Results to date (May 1 — August 31, 2011) show an increase in event attendance, lodging occupancy and sales tax collected over the summer of 2011 and compared to other mountain resorts measured. On September 9, 2011 the Town Council sitting as the VLMD Board approved the 2012 VLMD Operating Plan. There have been no changes since that time. The marketing objectives outlined in the plan were: • Maintain /build brand strength — continue to build long term brand awareness that drives short term sales and position Vail as a world - class, year -round destination brand • Solidify growth gains from FY11 • Increase volume — optimize mix • Invigorate key destination markets • Solidify Mexico • Improve /maintain guest satisfaction scores • Improve summer position to the industry leader in digital presence • Introduce concept of Vail's 50th Anniversary 2. BUDGET DETAIL Revenue from lodging tax collections are estimated at $2,000,000 for 2012, flat with the 2011 forecast and a 2.3% increase from 2010. The assumptions used for this projection are consistent with the town's expected sales tax revenue for 2012. Regarding expenditures for 2012, the attached budget proposal includes $2,166,225 for 2012 programs, with $100,000 allocated for the Quiznos Pro Challenge Bike Race and another $100,000 allocated for new iconic event marketing. With these proposed expenditures, the ending fund balance of $691,788 represents approximately 35% of annual revenues (Council's directive is a minimum fund balance of 25 %). 1 10/18/2011 1 -2 -1 As outlined in the operating plan which was approved by Council on September 9, the following shifts were made from the 2011 budget to the 2012 budget to address recent successes and international opportunities: • Destination budget increased by 16% to $515,000 for a greater international effort and key destination markets presence, specifically increasing promotions in Latin American countries. • Professional fees reduced 20% for a total savings of $80,000. • Front Range budget stayed in tact to maintain presence and share of voice. Efforts will focus more on tactical offers built around lodging and events to drive overnight stays. • Groups and Meetings budget increased 24% to focus on recruiting additional participatory sports groups and programs which create economic vitality and overnight visitation. • PR budget decreased 24% but will continue to maintain a prominent presence regionally, nationally and internationally, with a savings of $24,000. • Photo /video budget decreased by $48,000 since new assets were added in 2011. • Research budget increased by $25,425 to include a brand study in summer, piggybacking on winter study • Web site budget decreased 40% to reflect updates only since the new site platform migration was complete in 2011, for a savings of $20,000 • Branding budget increased 66% to enhance the brand platform and assets for an additional $30,000. • Council directed $100,000 to be allocated to the USA Pro Cycling Challenge in 2011 and the same amount is included in 2012. • Another $100,000 is allocated for marketing new iconic events to be recruited by the VLMDAC. The budgetary changes reflect the goal of shifting dollars to attract more overnight destination guests to Vail through additional outreach and programs in 2012. 3. ACTION REQUESTED OF VAIL LOCAL MARKETING DISTRICT Staff recommends that the Vail Local Marketing District approve Resolution No. 1, Series 2011 approving the submitted budget and appropriating $2,166,225 for marketing related expenditures beginning on the first day of January, 2012 and ending on the 31s' day of December, 2012. ATTACHMENTS VLMD 2012 Budget VLMD Resolution No. 1, Series 2011 2 10/18/2011 1 -2 -2 Vail Local Marketing District Draft 2012 Operating Plan Income 310 Lodging Tax 399 Interest Income Total Income Expense 6301 - Destination 6302. Front Range 6303. Groups and Meetings 6304. Public Relations Expenses 6306 Photography 6307. Research 6308. Web Site 6310. Admin Miscellaneous 6315. Email Marketing 6320 . Branding 6400 Contingency 7000. Professional Fees 7001. Legal and Accounting 7003. Advertising Agent Fees 7007. Marketing Coordination- VVP /TOV 7008. PR - Professional Fees 7010. Strategic Advisory Fees 7011 - Partnership Fees 7015 Ft Range Promotion Fees 7016 Strategic Alliance Fees & Trvl Total 7011 - Partnership Fees 7013 - Concierge Program Total 7000 - Professional Fees 9000 - Special Event Funding 9000.01 Pro- Cycling Challenge 9000.02 New Iconic Event Marketing Total 9000 - Special Events Total Expense Net Income Beginning Fund Balance Ending Fund Balance %age Fund Balance (25% required) 2010 2011 2011 2012 Actual Budget Forecast Proposed 1.954.713 1.745.000 2.000.000 2.000.000 1.084 1 .2 00 1 .2 00 1 .2 00 1.955.797 1.746.200 2.001.200 2.001.200 180.008 445.650 398.000 515.000 256.947 347.000 342.000 356.000 274.482 330.000 330.000 410.000 100.300 101.300 87.000 77.000 167.850 108.000 108.000 60.000 43.500 45.800 45.800 71.225 75.000 50.000 50.000 30.000 6.430 7.500 7.500 7.500 20.545 24.500 24.500 24.500 95.000 45.000 45.000 75.000 - - 29.450 25.000 20.000 20.000 20.000 20.000 55.000 50.000 50.000 50.000 125.000 125.000 125.000 125.000 100.000 100.000 90.000 90.000 20.000 20.000 20.000 - 50.000 40.000 40.000 30.000 42.500 40.000 87.500 - 92.500 80.000 127.500 30.000 40.800 - - - 453.300 395.000 432.500 315.000 100.000 100.000 100.000 100.000 - 100,000 100,000 200,000 1.673.363 1.999.750 1.999.750 2.166.225 282,434 (253,550) 1,450 (165,025) 572.929 855.363 855.363 856.813 855,363 601,813 856,813 691,788 44% 34% 43% 35% 10/18/2011 1 -2 -3 RESOLUTION NO. 1, SERIES 2011 VAIL LOCAL MARKETING DISTRICT A RESOLUTION ADOPTING A BUDGET AND MAKING APPROPRIATIONS TO PAY THE COSTS, EXPENSES AND LIABILITIES OF THE VAIL LOCAL MARKETING DISTRICT, FOR ITS FISCAL YEAR JANUARY 1, 2012 THROUGH DECEMBER 31, 2012. WHEREAS, the Vail Local Marketing District board received and approved the operating plan and budget for the fiscal year 2012 on September 9, 2011; and WHEREAS, in accordance with CRS section 29 -1 -106 a notice of budget hearing has been published; and WHEREAS, notice of this public hearing to consider the adoption of the proposed Vail Local Marketing District budget was published in the VAIL DAILY on the 11th day of October, 2011; and NOW THEREFORE, LET IT BE RESOLVED by the Vail Local Marketing District of Vail, Colorado, as follows: The Vail Local Marketing District Board adopts the submitted budget and appropriates $2,166,225 marketing related expenditures beginning on the first day of January, 2012, and ending on the 31St day of December, 2012. Attested: Signed: Susie Tjossem, Secretary Dick Cleveland, Chairman 10/18/2011 1 -2 -4 VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: October 18, 2011 ITEM /TOPIC: DRB /PEC Update PRESENTER(S): Warren Campbell ATTACHMENTS: October 5, 2011 DRB Meeting Results October 10, 2011 PEC Meeting Results 10/18/2011 rawH of vn' i0> rowN of va MEMBERS PRESENT Brian Gillette Tom DuBois Pete Dunning Libby Maio Rollie Kjesbo PROJECT ORIENTATION DESIGN REVIEW BOARD AGENDA PUBLIC MEETING October 5, 2011 Council Chambers 75 S. Frontage Road - Vail, Colorado, 81657 MEMBERS ABSENT None SITE VISITS 1. Wilderness Wonders /Carrie Fell- 141 East Meadow Drive 2. Altair Vail- 4192 Spruce Way 3. Frey Residence- 2605 Davos Trail 4. Bigsby Residence- 1180 Casolar Drive MAIN AGENDA Shirt Off My Back DRB110366 / 15 minutes Final review of a sign (business ID) 286 Bridge Street/ Part of Lots C &D, Block 5A, Vail Village Filing 1 Applicant: Jeff Selby ACTION: Tabled to October 19, 2011 MOTION: Maio SECOND: Gillette VOTE: 5-0-0 2. Wilderness Wonders DRB110464 / 5 minutes Final review of a sign (awning) 141 East Meadow Drive Unit 205 (Solaris) /Lot P, Block 5, Vail Village Filing 1 Applicant: Wilderness Wonders, represented by Tony Newlin ACTION: Approved MOTION: DuBois SECOND: Kjesbo VOTE: 5 -0 -0 3. Carrie Fell DRB110489 / 5 minutes Final review of a sign (awning) 141 East Meadow Drive Unit 209 (Solaris) /Lot P, Block 5, Vail Village Filing 1 Applicant: Carrie Fell, represented by Michael Suman ACTION: Approved MOTION: DuBois SECOND: Gillette VOTE: 5 -0 -0 4. Altair Vail DRB110376 / 15 minutes Final review of a minor exterior alteration (siding) 4192 Spruce Way /Lots 4 -5, Block 9, Bighorn Subdivision 3d Addition Applicant: Altair Vail Condominium Association, represented by Mark Scully ACTION: Approved MOTION: Kjesbo SECOND: DuBois VOTE: 5 -0 -0 Page 1 10/18/2011 2 -1 -1 1:30pm 3:00pm Bill /Rachel Rachel Rachel Warren 5. Frey Residence DRB110475 / 10 minutes Rachel Final review of a minor exterior alteration (retaining wall, stairs, landscaping) 2605 Davos Trail /Lot 23, Block B, Vail Ridge Applicant: George & Heidi Frey, represented by Scott Bingel ACTION: Approved with condition(s) MOTION: Gillette SECOND: DuBois VOTE: 5 -0 -0 CONDITION(S): 1. The applicant shall replace the subject retaining wall with moss rock boulders that match the colors of the existing driveway retaining walls and shall be angular shapes, not round boulders. 6. Bigsby Residence DRB110478 / 15 minutes Rachel Final review of a minor exterior alteration (paint) 1180 Casolar Drive Unit B /Lot 7B, Casolar Phase I, Resub of Lots A -8 & A -9, Block A, Lion's Ridge Subdivision Applicant: Nancy A. Bigsby ACTION: Tabled to October 19, 2011 MOTION: Gillette SECOND: DuBois VOTE: 5-0-0 7. Town of Vail DRB110187 / 15 minutes Conceptual review of a minor exterior alteration (streetscape) 75 South Frontage Road (East Lionshead Circle) /Unplatted Applicant: Town of Vail, represented by Todd Oppenheimer ACTION: Conceptual, no action 8. Town of Vail DRB110188 / 15 minutes Conceptual review of a minor exterior alteration (streetscape) 75 South Frontage Road (Concert Hall Plaza) /Unplatted Applicant: Town of Vail, represented by Todd Oppenheimer ACTION: Conceptual, no action STAFF APPROVALS Jasper /Piper Residence B11 -0337 Final review of a minor exterior alteration (re -roof) 3245 Katsos Ranch Road /Lot 8, Block 1, Vail Village Filing 12 Applicant: Harry Jasper & Duane Piper, represented by Front Range Seamless Gutters Maritz Residence B11 -0340 Final review of a minor exterior alteration (re -roof) 1100 Hornsilver Circle /Lot 7, Block 1, Vail Village Filing 8 Applicant: Jennifer & Philip Maritz, represented by TCC Contractors Elway's DRB110359 Final review of a sign (business identification) 174 East Gore Creek Drive (Lodge at Vail) /Lots A -C, Block 5C, Vail Village Filing 1 Applicant: Elway's, represented by Graham Frank Beneducci Residence DRB110390 Final review of a minor exterior alteration (retaining wall) 425 Forest Road /Lots 4 & 6, Block 2, Vail Village Filing 3 Applicant: Lisa Sivanich, represented by Gary Cox Page 2 10/18/2011 2 -1 -2 Bill/Warren Bill/Warren Shelley Lynne Rachel M Parkhurst Residence DRB110397 Rachel Final review of an addition (enclose deck) 645 North Frontage Road West, Unit 33C/Tract C, Vail Potato Patch Filing 2 Applicant: Greg and Samantha Parkhurst, represented by Robert Boymer Eldorado Realty DRB110411 Rachel Final review of an addition (dining room) 1476 Westhaven Drive, Unit 3 (Coldstream Condominiums) /Lot 53, Glen Lyon Subdivision Applicant: Eldorado Realty, represented by Robert Koelbel Davidson Residence DRB110417 Bill Final review of changes to approved plans (deck) 1881 Lions Ridge Loop (Vail Point Townhouses) /Lot 1, Block 3, Lion's Ridge Filing 3 Applicant: Philip Davidson, represented by Ted Simonett Off -Piste Investments DRB110423 Bill Final review of a minor exterior alteration (sliding door) 4695 Vail Racquet Club Drive Unit 10 -8 (Vail Racquet Club) /Unplatted Applicant: Nick Steenson Reid/Woods Duplex DRB110425 Warren Final review of a minor exterior alteration (walkway, deck, closet) 5037 Ute Lane /Lot 32, Vail Meadows Filing 1 Applicant: Mike Reid & Peter Woods Picking Residence DRB110426 Warren Final review of a minor exterior alteration (deck) 1839 Meadow Ridge Road Unit C /Lots 13 & 14, Buffehr Creek Subdivision Applicant: Howard M. and Adelle C. Picking III, represented by David Gregory Gordon Residence DRB110427 Rachel Final review of a minor exterior alteration (window, deck, guardrails) 483 Gore Creek Drive Unit 5B (Texas Townhomes) /Lot 513, Vail Village Filing 4 Applicant: Lorie Gordon, represented by Seth Bossung Santisi Residence DRB110428 Rachel Final review of an addition 2655 Larkspur Lane /Lot 4, Block 2, Vail Intermountain Applicant: Susan Santisi, represented by John Martin, Architect The Golden Bear DRB110429 Rachel Final review of changes to approved plans (windows) 183 Gore Creek Drive (Sitzmark) /Lot A, Block 513, Vail Village Filing 1 Applicant: Golden Bear, represented by Mark Donaldson Gore Range Ltd. DRB110431 Warren Final review of changes to approved plans (columns, doors) 600 Vail Valley Drive Unit A418 (Northwoods) /Unplatted Applicant: Gore Range Ltd., represented by Nedbo Construction The Golden Bear DRB110432 Rachel Final review of a sign (business identification) 183 Gore Creek Drive (Sitzmark) /Lot A, Block 513, Vail Village Filing 1 Applicant: The Golden Bear, represented by Victor Mark Donaldson Page 3 10/18/2011 2 -1 -3 1359 Greenhill Court LLC DRB110435 Final review of a minor exterior alteration (deck/hot tub) 1359 Greenhill Court/Lot 18, Glen Lyon Subdivision Applicant: 1359 Greenhill Court LLC, represented by Jeffery Spanel Beneducci Trust DRB110437 Final review of a minor exterior alteration (landscaping) 425 Forest Road /Lots 4 & 6, Block 2, Vail Village Filing 3 Applicant: Beneducci Trust, represented by Gary Cox STM, LLC DRB110438 Final review of minor exterior alteration (landscaping) 1452 Buffehr Creek Road /Lot 1, Cliffside Applicant: STM LLC, represented by Ric Fields Westwind at Vail DRB110439 Final review of minor exterior alteration (fire pit) 548 S Frontage Rd W/Westwinds subdivision Applicant: Westwind at Vail Condominium Association, represented by Jeff Jacobs Lodge at Vail DRB110440 Final review of minor exterior alteration (window) 174 Gore Creek Drive /Lot A, B, C, Block 5, Vail Village Filing 1 Applicant: Lodge Apartment Condominium Association, represented by SRE Builders Manrico Cashmere DRB110443 Final review of a sign (business identification) 141 East Meadow Drive (Solaris) /Lot P, Block 5D, Vail Village Filing 1 Applicant: Manrico Cashmere, represented by Michael Suman Architect Fuller Residence DRB110444 Final review of a minor exterior alteration (flue) 4301 Columbine Drive Unit B /Lot 1, Block 7, Bighorn Subdivision Td Addition Applicant: Fuller Trust, represented by Meadow Mountain Plumbing & Heating Dunning Residence DRB110445 Final review of a minor exterior alteration (landscaping) 1461 Greenhill Court/Lot 7, Glen Lyon Subdivision Applicant: Pete Dunning Erickson Residence DRB110447 Final review of a minor exterior alteration (landscaping) 1139 Sandstone Drive /Lot Al, Lion's Ridge Filing 1 Applicant: Indian Creek Townhome Association, represented by Nedbo Staab Residence DRB110448 Final review of a minor exterior alteration (stairs) 1616 Buffehr Creek Road Unit B16 /Valley Condominiums Applicant: Peter Staab, represented by Scott Hardmeyer Brillembourg Residence DRB110449 Final review of minor exterior alteration (roof overhang) 600 Vail Valley Drive Unit E309 (Northwoods) /Unplatted Applicant: Clarawood LLC, represented by Patrick Pinnell Page 4 10/18/2011 2 -1 -4 Warren nlll Aff Warren Rachel Rachel Warren Warren Warren Warren Warren Reimers Residence DRB110450 Final review of minor exterior alteration (doors) 3090 Booth Creek Road /Lot 8, Block 3, Vail Village Filing 11 Applicant: Art Reimers, represented by Debbie Gowi Ford Park DRB110451 Final review of a minor exterior alteration (lighting) 841 Vail Valley Drive /Unplatted Applicant: Town of Vail, represented by Todd Oppenheimer Vail Golfcourse Townhomes DRB110452 Final review of a minor exterior alteration (retaining wall) 1738 Golf Lane /Lot 1, Sunburst Filing 3 Applicant: Vail Golfcourse Townhomes Association, represented by Jay Nobrega McGrath / Kirwin Residence DRB110453 Final review of a minor exterior alteration (re -roof) 4816 Juniper Lane /Lot 1, Block 5, Bighorn Subdivision 5th Addition Applicant: Bruce McGrath & Patricia Kirwin, represented by Tim Martinez Milmo Residence Final review of a minor exterior alteration (landscaping) 996 Ptarmigan Road /Lot 2, Block 4, Vail Village Filing 7 Applicant: Thomas Milmo, represented by Beck Building Company Hadley Residence DRB110457 Final review of a minor exterior alteration (landscaping) 1127 Vail Valley Drive /Lot 11, Block 6, Vail Village Filing 7 Applicant: Philip Hadley, represented by A Cut Above Forestry Crow Residence DRB110458 Final review of a minor exterior alteration (deck) 1250 Ptarmigan Road /Lot 3, Block 8, Vail Village Filing 7 Applicant: Trammel Crow, represented by Jeff Kissane Rosenbach Residence DRB110461 Final review of a minor exterior alteration (landscaping) 107 Rockledge Road /Lot 7, Block 7, Vail Village Filing 1 Applicant: Gary & Susan Rosenbach, represented by Kathy Aalto Village Center DRB110462 Final review of a minor exterior alteration (landscaping) 122 East Meadow Drive /Lot K, Block 5E, Vail Village Filing 1 Applicant: Village Center HOA, represented by Steven Tarrant Lionshead Welcome Center DRB110463 Final review of changes to approved plans (photovoltaic panels) 390 South Frontage Road /Lot 1, Block 2, Vail Lionshead Filing 1 Applicant: Town of Vail, represented by Tom Kassmel Enchanted Mesa Exempt Corp DRB110465 Final review of a minor exterior alteration (windows, venting) 68 East Meadow Drive Unit 301 /1-ot O, Block 5D, Vail Village Filing 1, Village Inn Plaza Applicant: Enchanted Mesa Exempt Corp, represented by Nedbo Construction Page 5 10/18/2011 2 -1 -5 nlll Warren Warren Warren M Tom Warren Warren Tom Warren Rachel McDonald Residence DRB110467 Final review of a minor exterior alteration (re -roof) 1775 West Gore Creek Drive /Lot 8, Vail Village Filing 2 Applicant: Stephen T. McDonald, represented by Tiley Roofing Fallridge Condominium Association DRB110469 Final review of a sign (subdivision entrance) 1650 Fallridge Road /Lot 2, Sunburst Filing 3 Applicant: Fallridge Condominium Association represented by Marta Cadmus Martin Residence DRB110470 Final review of minor exterior alteration (windows, doors, a/c unit) 1310 Westhaven Drive Unit R4 /Cascade Village Applicant: Neuseld Inc, represented by Debbie Gowie Town of Vail DRB110471 Final review of a minor exterior alteration (streambank) 292 West Meadow Drive /Vail Lionshead Filing 2 Applicant: Town of Vail, represented by Tom Kassmel Giovanny Alexander DRB110472 Final review of a sign (business identification) 183 Gore Creek Drive /Lot A, Block 513, Vail Village Filing 1 Applicant: Giovanny Alexander, represented by Alex Dominguez Zuckerman Residence DRB110473 Final review of a minor exterior alteration (re -roof) 2943 Bellflower Drive /Lot 4, Block 6, Vail Intermountain Development Subdivision Applicant: Alan B. Zuckerman, represented by Grabau Roofing De Felice Residence DRB110474 Final review of minor exterior alteration (vent) 5040 Main Gore Drive Unit C2 /Unplatted Applicant: Laura De Felice, represented by Sean Richie Vail Happenings Signs DRB110476 Final review of a minor exterior alteration (sign removal) Slifer Plaza, The Children's Fountain and the East Lionshead Circle bus stop Applicant: Town of Vail, represented by Sybill Navas Cero S. E. DRB110479 Final review of a minor exterior alteration (lighting) 610 West Lionshead Circle Unit 704 /1-ot 1, Block 1, Vail Lionshead Filing 3 Applicant: Cero S.E., represented by William T Turner Guren Residence DRB110477 Final review of a minor exterior alteration (window) 950 Red Sandstone Road Unit 36 /Potato Patch Club Condominiums Applicant: Samuel B. and Nancy Guren, represented by Carroll Tyler Suszynski Residence DRB110466 Final review of changes to approved plans (deck, window, dormer) 1481 Aspen Grove /Lot 1, Block 2, Lion's Ridge Filing 4 Applicant: Conrad Suszynski, represented by Jeff Manley Page 6 10/18/2011 2 -1 -6 Warren Rachel Rachel Warren Rachel Rachel Rachel Rachel Rachel Rachel Rachel Aspen Court Pedestrian Bridge DRB110482 Final review of changes to approved plans (fence, landscaping) 75 South Frontage Road /Unplatted Applicant: Town of Vail, represented by Todd Oppenheimer Rachel 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 10/18/2011 2 -1 -7 PLANNING AND ENVIRONMENTAL COMMISSION October 10, 2011 �. 1:OOpm TOWN OF VAlI, ' TOWN COUNCIL CHAMBERS / PUBLIC WELCOME 75 S. Frontage Road - Vail, Colorado, 81657 MEMBERS PRESENT Henry Pratt Luke Cartin John Rediker MEMBERS ABSENT Bill Pierce Michael Kurz Tyler Schneidman Pam Hopkins Chairman Pratt opened the meeting and declared that a quorum was not present to conduct a public hearing. No actions were taken on any items. 20 minutes 1. A request for the review of variances from Section 12 -6D -6, Setbacks, Section 12 -6D -8, Density Control, and Section 12 -6D -9, Site Coverage, Vail Town Code, pursuant to Chapter 12 -17, Variances, Vail Town Code, to allow for the construction of a garage within the side setback in excess of the allowable gross residential floor area and site coverage, located at 2586 Davos Trail /Lot 4, Block E, Vail das Schone Filing 1, and setting forth details in regard thereto. (PEC110053) Applicant: William R. Aylesworth, represented by Steve Francis Planner: Bill Gibson ACTION: MOTION: SECOND: VOTE: 60 minutes 2. A request for a recommendation to the Vail Town Council for prescribed regulation amendments to Title 12, Zoning Regulations, Vail Town Code, pursuant to Section 12 -3 -7, Amendment, Vail Town Code, to amend the regulation of indoor and outdoor ski storage, and setting forth details in regard thereto. (PEC110054) Applicant: Town of Vail Planner: Rachel Dimond ACTION: MOTION: SECOND: VOTE: 60 minutes 3. A request for a final recommendation to the Vail Town Council for prescribed regulations amendments to Title 12, Zoning Regulations and Title 14, Development Standards, Vail Town Code, pursuant to Section 12 -3 -7, Amendment, Vail Town Code, to provide regulations that will implement sustainable building and planning standards, and setting forth details in regard thereto. (PEC090028) Applicant: Town of Vail Planner: Rachel Dimond ACTION: MOTION: SECOND: VOTE: 5 minutes 4. A request for a recommendation to the Vail Town Council for prescribed regulations amendments, pursuant to Section 11 -3 -3, Prescribed Regulations Amendment, Vail Town Code, to Sections 11 -7 -15, Public Parking and Loading Signs for Private Property, Vail Town Code, Pa e 1 ions oil 2 -2 -1 and 11 -7 -16, Informational and Directional Sign for Public Parking on Private Property, Vail Town Code, and setting forth details in regard thereto. (PEC110021) Applicant: Town of Vail Planner: Bill Gibson ACTION: Table to October 24, 2011 MOTION: SECOND: VOTE: 5. Approval of September 26, 2011 minutes MOTION: SECOND: VOTE: 6. Information Update 7. Adjournment MOTION: SECOND: VOTE: 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 October 7, 2011, in the Vail Daily. Pa e 2 10 /1 Oil 2 -2 -2 rawH of vn' i0> VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: October 18, 2011 ITEM /TOPIC: 2012 Budget Discussion PRESENTER(S): Kathleen Halloran ACTION REQUESTED OF COUNCIL: Discussion of budget and previous Council questions in preparation of the evening meeting first reading of the budget ordinance. BACKGROUND: Provided in cover memo to budget packet. STAFF RECOMMENDATION: Review and discuss questions regarding the 2012 budget in preparation for the evening meeting. ATTACHMENTS: 2012 Budget 10/18/2011 5 TOWN OF VAIL Memorandum TO: Vail Town Council FROM: Finance Department DATE: October 12, 2011 SUBJECT: 2012 Proposed Budget — Ordinance 21 I. SUMMARY The first reading of Ordinance 21 on October 4th was tabled pending additional discussion. Approval of this reading requires a super- majority vote of Council due to the proposed split of sales tax revenue between the General Fund and the Capital Projects Fund (61/39). II. DISCUSSION Based on feedback from Council during the prior meeting, the following changes have been made to the 2012 budget proposal: Capital Projects Fund: • Council requested removing $150,000 from the 2012 capital budget for the demolition and re- purposing of the LionsHead Information Booth pending future discussions. • Staff reduced Facilities Capital Maintenance for 2012 by $150,000. Several repairs /replacement items were removed based on the assumption that future projects will continue to move forward such as the Library and Main Vail Fire Station remodels. Please see Attachment A for detailed expenditures within this item. In addition, the following are responses relating to Council's questions during the October 4th meeting: General Fund: This budget proposal currently includes Council contributions (including Commission on Special Events) with slightly less funding than prior years. If Council chooses to increase funding for non - profit organizations or special events, staff recommends one- time allocations for the following: $25K to Bravo! for their 25th anniversary celebration; $20K to the Colorado Ski Museum for Vail's 50th exhibits; $25K to the Vail Valley Foundation for a final year of Street Beat concerts; $25K to the CSE allocated to the Vail Symposium; and $20K to Betty Ford Alpine Gardens to finish repairs of the main water feature. These increases would use $95,000 of the $142,000 operating surplus currently reflected in the General Fund for 2012, along with $20,000 from the RETT Fund. Staff recommends a placeholder for the Vail's 501h Anniversary at $250,000 funded from reserves, with a detailed proposal from the Vail 501h committee to be presented to Council during a future meeting. Workers' Compensation expense increase from 2010 to 2011 (20 %) is the result of a few incidents with high severity (severity is judged by the amount of time off of work). The incidents don't necessarily reflect poorly on the town's safety record. For example, 10/18/201 1 3 -1 -1 a police officer on duty was assaulted and injured. Overall, the town's "experience mod ", a factor used in calculating premiums, went up from 0.7 to 0.8. Anything less than 1.0 is considered excellent however we still experienced an increase in premium cost. Capital Projects Fund: • Within the Capital and RETT budgets, staff has highlighted (in yellow) projects that have been identified in recent Council meetings but do not have detailed plans as yet. While the 2012 budget provides a placeholder, these projects are not considered approved projects until Council reviews individual proposals. Some of the projects highlighted include the Vail Village Information Booth renovation, the Library remodel, the Guest Services Enhancement project, Sundial Plaza, etc. • Council requested supporting documentation regarding the town's capital maintenance schedule, which is the basis for the long -term capital plan to maintain facilities. Please see Attachment B for the introduction memo for the capital maintenance study performed by Borne Engineering dated 1/19/2009. The study recommended various levels of funding over a 20 -year period starting in 2009. Attachment C shows the estimated spending as recommended by Borne. Due to the economic climate, the town started to defer capital projects and maintenance in 2009. The fully - detailed study done by Borne is available upon request for your review; it was not included here due to volume. Town of Vail Page 2 I0i18i201 I 3 -I -2 Attachment A Capital Budget - Project Detail 2012 2013 2014 2015 2016 Project Name: Facilities $ 815,000 $ 545,000 $ 705,000 $ 520,000 $ 368,600 Project Code: CMT005 Project Manager: John Gallegos Community Development building Stucco patching / painting (10 yrs) Window repair (10 yrs) 2,448 Door replacement 6,000 Roof - damage only Roof replacement (2020) Interior walls and ceilings (6 yrs) 13,500 Interior flooring (13 yrs) 16,500 Kitchen update incl. appliances (2018) Restrooms - remodel 8,500 Boilers (2) (2023) Air handling unit relacement (2023) Furnace (2023) and expansion tank (2024) Hot water heater (2020) Fire Station I (East Vail) Stucco patching / painting (10 yrs) Wood siding clean & paint (5 yrs) ; Replace 2017 8,225 Window repair (10 yrs) Door replacement 6,000 Overhead garage doors 7,500 Wood decks - rebuild Facility interior: carpet (15 yrs) Facility interior: paint (7 yrs) Hot water heater (2025) Compressor - replacement 3,125 Radiant Heat tube replacement (2022) Exhaust extraction system replacement (2017) Generator replacement (2027) Fire Station 11 (Main Vail) Stucco patching / painting (10 yrs) Wood siding clean & paint (5 yrs) ; Replace 2017 7,990 Wood siding replacement Window repair (10 yrs) Door replacement Overhead garage doors 12,500 Sloped roof replacement Gutters, Downspouts and Heat Trace Facility interior: carpet (15 yrs) Facility interior: the floor Facility interior: paint (7 yrs) Hot water heater 1,875 Radiant Heat tube replacement (2022) Exhaust extraction system replacement (2023) Generator replacement (2028) Fire Station III (West Vail) 35,000 Library Wood siding clean & paint (5 yrs) 23,700 Window repair (10 yrs) 5,100 Door replacement (2018) Metal reoofing (2020) Skylights mtce ; replacement 2022 4,300 Facility interior: carpet (12 yrs) Kitchen (2018) Restrooms (2) 17 Boiler (1) replacement (2025) Expansion tank for boiler 3,100 Hot water heater (17 yrs) Air Handling unit (2023) Air compressor (2021) Fire panel (2026) Security system 27,500 10/18/2011 3 -1 -3 Capital Budget - Project Detail Project Name: Facilities Stucco patching / painting (10 yrs) Wood siding (6 yrs) Stone Veneer (10 yrs) Windows and doors.(10 yrs) Rebuild balconies Roof (2017) Gutters and downspouts (2017) Subsurface concrete parking repairs (8 yrs) Interior walls and ceilings (1 yr) Interior flooring (13 yrs) Kitchens (2) one in 2015; second in 2017 Locker rooms and restrooms (16 yrs) Boiler replacement (5) Re -tube Boilers (5) (10 yrs) Circulation pumps (3 yrs) Expansion tanks (4) Hot water heaters (2) (17 yrs) Air Handling units (2) Interior Cooling units (4) (2017) Parking garage heaters (5) Rooftop units (7) (2023) Exterior Air conditioning units (2) (2027) Electrical equipment (switch panels) (9) (2026) Fire panel Elevator drive and controls Elevator cab remodel Public Works Administration Damaged sections of heated walkways (8 yrs) Wood siding clean & paint (5 yrs) Window repair (10 yrs) Roof (2026) Facility interior: carpet (15 yrs) (2018) Facility interior: paint (10 yrs) Kitchen update incl. appliances Restrooms (2) (15 yrs) Boiler replacement Circulation pump (13 yrs) Expansion tank (2018) Hot water heater replacement Public Works Shop and Bus Barn Heated concrete slabs - minor mtce (3 yrs) Heated concrete slabs - replace damage (7 yrs) Wood siding clean & paint (5 yrs) Wood siding 25% replacement (5 yrs) (2021) Window repair (2020) Doors: cyclically repl. Locks, weather stipping (3 yrs Metal door repair (5 yrs) Window replacement (25% every 5 yrs) Overhead garage door 11' (replace section 25 %) (4 Overhead garage door 22' (replace section 25 %) (4 Steel doors ( replace section 25 %) (7 yrs) Roofing (replace portion 30 %) Restrooms remodel Locker rooms (2018) Boiler replacement Expansion tank replacement (2018) Circulation pumps (3) (5 yrs) Hot water heater replacement Furnace replacement (2 of 9 total) Radiant Heat tube replacement (5 yrs): Bay Radiant Heat tube replacement (5 yrs): Bus barn (21 Compressors (2018) Vehicle service lift replacement (2) Vehicle paint booth - replace air cleaning unit Exhaust extraction system replacement Fuel level monitor system replacement Attachment A 2012 2013 2014 2015 2016 $ 815,000 $ 545,000 $ 705,000 $ 520,000 $ 368,600 73,190 7,638 7,920 35,100 12,000 48,000 11,660 11,893 12,131 12,374 126,000 8,000 42,500 11,250 25,000 5,626 12,500 1,500 152,000 165,000 3 -1 -4 43,750 10,000 2,188 10,810 7,344 5,512 5,000 8,500 10,000 J 2,750 1,250 11,500 82.250 I 23.625 16,376 18,750 18,750 52,500 24,750 20,000 3,125 62,813 Attachment A Capital Budget - Project Detail 2012 2013 2014 2015 2016 Project Name: Facilities $ 815,000 $ 545,000 $ 705,000 $ 520,000 $ 368,600 Project Code: CMT005 Project Manager: John Gallegos Water recycle unit replacement (2017) Bus Wash Equipment 45,000 Fire panel (2021) Snowmelt Boilers Lift Stations Annual Maintenance /repairs 75,000 75,000 75,000 75,000 75,000 Ford Park 80,000 Vail Valley Drive 80,000 80,000 Ski Museum Facility interior: carpet (2018) Restroom 6,250 Hot water heater replacement (18 yrs) Air conditioning unit (2022) Vail Village Info Center Heated concrete slabs - replace damage (7 yrs) Stucco patching / painting (10 yrs) 43,914 Stone Veneer (6 yrs) 1,500 Windows and doors.(10 yrs) Restroom (15 yrs) Facility interior: tile repair (10 yrs) 4,375 Facility interior: paint (6 yrs) Buzzard Park Stucco patching / painting (10 yrs) (2018) Wood siding repairs (5 yrs) 25,615 Window repair (10 yrs) 8,640 Doors: cyclically repl. Locks, weather stipping (3 yrs) 4,375 Railings maintenance (5 yrs) 1,800 Railings replacement (2018) Stairways and landings: wash and seal (4 yrs) 2,490 2,988 Roof (2023) Gutters, downspouts and heat trace (2023) Washers and dryers replacement 8,750 Boiler replacement 25,000 Expansion tanks (2018) Circulation pump replacement (7 yrs) 1,500 Transit Offices Heated concrete slabs - replace damage (7 yrs) 3,188 Stucco patching / painting (10 yrs) 47,292 Stone Veneer (6 yrs) 1,250 Windows and doors.(10 yrs) 6,192 Skylights maintenance (10 yrs) 24,960 Skylights replacement 25% (7 yrs) (2018) Facility interior: carpet (13 yrs) 18,350 Facility interior: tile repair (10 yrs) 1,500 Facility interior: paint (6 yrs) 20,140 Restrooms and locker rooms (15 yrs) 105,000 General maintenance (unexpected) approx. $51K per bldg 70,000 70,000 70,000 70,000 70,000 10/18/2011 3 -1 -5 January 19, 2009 Town of Vail Facilities 1289 Elkhorn Drive Vail, Colorado 81657 Re: Town of Vail Facilities, Vail, Colorado Property Condition Assessment — Project No. 08080 -954 GINEBRINW Performance Reborn. Dear Town of Vail Representatives: Thank you for the opportunity to provide professional evaluation services to the Town of Vail. It has been nothing short of pleasure working with facility management. We commend you for making the effort to evaluate and plan for the Town's facilities future expenditures. Facility Summary The facilities included in this assessment report are as follows: • Buzzard Park Housing; located at 1329 Elkhom Drive, consists of one 13,500 square foot building housing 24 rental units. This complex has central heat and domestic hot water systems, a sloped roof, and asphalt parking areas. The town is responsible for the exterior and interior of the units including the interior walls, floors, ceilings, windows, and doors. It was constructed in 1996. • Donovan Park Pavilion; located at 1600 South Frontage Road, consists of one building used for special events. The building has an HVAC system, domestic hot water system, sloped roofing, a large meeting space, full commercial kitchen, two restrooms and a snow melt system. It was constructed in 2003. • Community Development Building; located at 111 South Frontage Road, consists of one 7,000 square foot building housing town office spaces. The building has central domestic heat and water systems, sloped and low sloped built -up -roof systems, and asphalt parking areas. The building was constructed in 1967 and was converted to the Community Development Building from the post office in 1990. • Municipal Building and Police Department; located at 75 Frontage Road West, consists of one single story 11,425 square foot building with at least a third of it has a basement, housing the town offices and the city council chambers. The building has several boilers, electric heating units, a low sloped built -up -roof and asphalt parking areas. The building was constructed in the 1960's. In addition, the Police Department is a one story structure and has several boilers for space and domestic water heat. The building also utilizes roof -top units for air temperature control. This addition was constructed in 1992. • Fire Station No. 1; located at 4116 Columbine Drive, consists of one 2 -story building housing vehicle bays and fire personnel quarters. The building is 7,150 square feet 1130 WEsT 124TH AVENUE Sung 100 WESTMINSTER, COLORADO 80234 TEL 303/4261731 FAX 303/4261732 BDRN 66NG.COM -I -6 Town of Vail Facilities aropedy Cod n Assessment _ and has central heating and domestic water systems, sloped roofing and asphalt parking areas. The building was constructed in 1980. Fire Station No. 2, located at 42 West Meadow Drive, consists of one 2 -story building housing vehicle hp and d m mceater , building 0 and has central heating ems sloped roofing and asphalt parking areas. The building was constructed in 1971. • Town Ubrary; located at 292 West Meadow Drive, consists of one 17,400 square foot building. The building has central heat and domestic water systems, office space, low sloped membrane roof systems and sod roof systems of over membrane. There are 4 employee housing bedrooms in the basement of the library. The building was constructed in 1985. Uonshead Parking Structure; located at 395 South Frontage Road West, consists of a 3 level 1,150 parking space structure that was constructed In 1980. Colorado West Mental Health Building; located at 395 East Uonshead Circle (in the Uonshead Parking Structure) consists of offices and baseboard heating. It was constructed in 1979. Uonshead Auxiliary Building, located at the Uonshead Parking Structure, consist of one 1,506 square foot building with central space, restrooms and HVAC system. Uonshead Information Center consists of a deck wood siding, central space and furnace. It was constructed around 1980. Public Works Administration Building; located at 1309 Elkhorn Drive, consists of one 5,075 square foot bestic her that de Public elt syoffices. he building building central space, remodeled in 1996. Public Works Shop and Bus Barn; located at 1289 Elkhorn Drive, consists of one two - story 33,250 square foot facility. The building has offices on the upper level, central domestic water and space heat systems, low sloped built -up and membrane roof systems, 20 vehicle bays, vehicle wash equipment, a body shop, paint booth, carpentry shop, sign shop, electrical shop, landscape shop and several other vehicle maintenance stations. It was constructed in 1980. Vail Village Parking Structure; located at 241 East Meadow Drive consists of a four level 1,350 parking space structure. The west side was constructed in 1979 and the east side was constructed in 1990. • Vail Village Transportation Center; approximately 4,000 square feet, located at 241 East Meadow Drive at the parking structure with office space and the bus terminal building. It was constructed in 1980. • Vail Village Information Center is a single story building, approximately 3,000 square feet, located at 251 South Frontage Road East, adjacent to the Vail Village parking structure. It was constructed in 1990. Colorado Ski Museum is located on the 3rd level of the Vail Village Transportation Center. The building is two stories in height and has small heat and water systems. It was constructed in 1980. Bomengineering 10/18/2011 Page 2 3 -1 -7 08080 -954 A. a Property condition Assessment Approach Bornengineering has been commissioned to prepare a property condition assessment with Physical Needs Analysis for the site and building components for the above mentioned facilities. The purpose of the assessment was to review the site, architectural, structural and mechanical systems to determine existing conditions and to identify and provide cost estimates for the required physical needs of the systems over the term of the analysis. These pbysical needs are repairs, replacements and significant maintenance items which will most likely be needed over the next 20 years (term). Observations Bornengineering's team of specialists, accompanied by facility management staff, visited the subject property to visually observe the site and building components. We reviewed a sample of the components which typically Included the following: • Grading and Drainage • Flatwork • Landscaping and Appurtenances • Facade • Roofing • interior • Mechanical The sampling of these components was adequate to determine, with confidence, the condition and cost estimates with acceptable accuracy. The current facilities management team provided some maintenance, repair and replacement information. Assessment Criteria The following Property Condition Report was assembled and describes the components observed and comments on our opinion of the components' condition. The assessment included review and analysis of the major maintenance, repair or replacement tasks associated with the above mentioned components which normally involve significant expense or outside contracting. The assessment was performed in alignment with The Fannie Mae DUSTM Physical Needs Assessment Guidelines as well as the ASTM E 2018 -01 Standard Guide for Property Condition Assessments and incorporated applicable building codes, manufacturer's Installation requirements, and ASHRAE standards. Expected Useful Life The Expected Useful Life was taken from the table provided in the Fannie Mae DUSTM Physical Needs Assessment Guidelines. We included an Expected Useful Life number for the various components. If we concluded that an estimate is inappropriate, we made necessary adjustments. Bomengineering 10/ 18 /?a9l 3 3 -1 -8 08080 -954 Town of Vail FadNes pmpeft cnnditlon Anent Age We included the actual Age of the component whenever possible. If the actual age was unknown, an estimate is provided. Effective Useful We We Included an Effective Useful Life of the components In their "a Is" Icon i�u�d o used to We standard components with standard maintenance, the Expected determine Effective Useful Life by deducting the Age from the Expected Useful Life. A component with unusually high original quality or maintenance could have a longer life, or Vice versa. Bornengineering applied professional judgment in making a determination of Effective Remaining Useful Life. Action If any action to the component Is required — whether it is immediate or over the term of the assessment — the Action is noted with a general recommended work description, cost estimate and the associated timing. Quantity For items requiring action, the evaluator will note a quantity estimate, with the applicable unit of measure entered. Cost Estimates Cost estimates will be determined ft from bids received, historical costs provided, from unit co obtained m rj� of mila size and scope or from estimating guides (RS Means, Walkers Builders Estimators Reference Book, and Dodge Unit Cost Guide). Physical Needs Over Term The actions for the r a facility components expenditure financial software p ogrm _hp roduced a set of 20 year projections which includes the following information: 1. A summary page with general information about the facility. 2. Inflation factor applied to all future expenditures. 3. The annual contribution to the fund. 4. A 20 -year projection graph that displays the capital contributions, balance and future estimated expenditures with inflation. S. A summary report detailing the estimated expenditures assigned to the individual facility components. 6. An annual breakdown of the projections over the 20 -year period in a calendar format. 7. A monthly breakdown of the capital expenditure analysis over the 20 year term. Bomengineedng 10/18/2011 Page 4 08080 -954 3 -1 -9 Property condition Assessment Town of Vail Facilities The projections assume an inflation factor; typically, the value is around five percent, which reflects the average annual construction cost Increase over the past 20 years. We recommend an annual update if there are any significant changes in the condition of the facility. Every three to five years, a thorough review of all these items should be conducted. Assumptions The costing for the major maintenance, repair or replacement tasks associated with the above mentioned components was assembled with the assumption that the work would be completed by a general contractor from the public labor pool. The actions assigned to the components reflect work that would repair, maintain or replace with like components. The costs provided herein do not include design or administrative fees or any other fees /taxes. Exclusions Items not Included In this evaluation are: • Other facilities not specifically mentioned In this report. • All site and building systems not specifically mentioned In the "approach" section of this report. • Invasive or destructive testing of the site and building components. • Environmental related Items. • Components with work that has estimated costs below the reserve component threshold amount, typically $1,000. • Long lasting Items with estimated economic lives exceeding 30 years, such as sanitary sewers or building structural components. • Normal monthly operating items, i.e., utilities, cleaning and landscape maintenance, etc. The assessment was based on Bornengineering's professional opinion of the physical condition of the improvements and the effective remaining life of those improvements as of the date of the observation. The actual performance of the individual components may vary from a reasonably expected standard and will be affected by circumstances which occur after the date of this evaluation. The report Is not Intended to identify minor, inexpensive repairs. Disclaimer This. Property Condition Assessment was prepared for Town of Vail Facilities. The Information contained within this document has been assembled in conjunction with the client and is intended to assist the client with its financial planning. A Reserve Specialist or Reserve Technician has performed visual site observations of the project to identify major repair, maintenance and replacement items. These observations are non - invasive in nature and do not include any testing, verification of the original intent of the designer, or compliance with industry standards. Bornengineering does not guarantee, either explicitly or implied, that all repair and replacement items have been identified, the accuracy of the probable costs or the product lives associated with these items. Bomen ineerin 8 9 10/18/201�1e 5 08080 -954 3 -1 -10 Property Condition Asmment Town of Vall Fadilties In rovildin the opinions of probable construction costs, the client understands that M P 9 Bornengineedng has no control over costs or the price of labor, equipment or materials, or over the contractor's method of pricing, and that the opinions of probable construction costs provided herein are made on the basis of Bornengineering's qualifications and experience. Bornengineering makes no warranty, expressed or implied, as to the accuracy of such opinions as compared to bid or actual costs. All comments made are based on conditions seen at the time of this visual observation. We do not accept any responsibility for unknown or unknowable conditions within the existing site or structures. If you have any questions regarding this report, please do not hesitate to contact our office. Sincerely, Bomengineering Ltd R4.t�rt,Jl ut�, Catherine Hawkins Reserve Study Project Manager Site and Building Evaluation Group Bomengineering 10/18/2011 Page 6 08080 -954 3 -1 -11 ,44adl Final Capital Expenditure Analysis Reserve Summary - - Project Information Project Name Town of Vail Facilities Property Management Company Town of Vail Phone: 970 -479 -2170 Fax: General information Study year: 2008 Fiscal month: January Funding Information Initial balance: $.00 Planned account funding increase: 0% Projected interest rate earned: 0% Inflation rate for projected expenditures: 5% Tax rate on interest earned: 0% Average loan rate on borrowed monies: 0% AsSesement Schedule Bomengineering 10/18/2011 3 -1 -12 Type of Property Town Facilities Number of Units 1 Age of Complex 30 Years Year Annual Total contribution Town of Vail Facilities Average Average Monthly Monthly con contribution contribution Per Member 2018 2020 $86_9,77_2.63 $341,481.09 $721481.05 $28,456.76 Average Year Annual Total Average Monthly Monthly $76,727.47 contribution contribution contribution 21,269,704.00 2026 ,419,478.00 1,387,395.0_0 $1,981,147.00 $105,808.67_ $ 118,289.83 $115,616.25 embe Per Member Per 2009 T $977,413.13 $81,451.09 $81,451.09 2010 $542,678.81 _ $45,22323 $45,22323 2011 $825,962.63 $68,83022 $68,830.22 2012 $812,398.19 $51,033.02 $51,033.02 20_13 $321,647.00 $26,8_03.92 $26,80_3.92 2014_ $636_,235.31 $53,019.61 $53,019.61_ 2015 _ $37,748.53 _ $37,748.531 2016 _ _$452_,982.31 $521,277.81 - — $43,439.82 $43,438.82 2017 $1,319,893.00 $109,991.08 $109,991.08 2018 $998,740.63 $83,228.39 $83,228.39 Bomengineering 10/18/2011 3 -1 -12 Type of Property Town Facilities Number of Units 1 Age of Complex 30 Years Year Annual Total contribution Town of Vail Facilities Average Average Monthly Monthly con contribution contribution Per Member 2018 2020 $86_9,77_2.63 $341,481.09 $721481.05 $28,456.76 $72,481.05_ $28,456.76 2021 $920,728.63 $76,727.47 $76,727.47 2022 $926,373.63 $77,197.80 $77,197.80 21,269,704.00 2026 ,419,478.00 1,387,395.0_0 $1,981,147.00 $105,808.67_ $ 118,289.83 $115,616.25 _$105,808.67_ $118,289.83 __$115,616.25 $165,095.58 $165,095.58 2027 $890,021.19 $74,168.43 $74,168.43 2028 $483,976.19 $40,331.35 $40,331.35 Page 152 08080 -954 0 TOWN 2012 BUDGET First Reading of Ordinance No. 21, Series 2011 October 18, 2011 10,18,2011 3 - l - 13 Town of Vail Proposed 2012 Budget Table of Contents 2012 Budget Highlights 1 Major Revenue Analysis 10 Summary of Changes in Personnel 11 Ten -Year Summary of Budgeted Positions by Department 12 Employee Benefits Summary 14 This report shows the list of employee benefits by percentage and costs. General Fund Revenue and Expenditures 15 This schedule shows the major revenue and expenditures by category in the General Fund Summary of Operating Expense 17 This schedule shows all operating expenditures, no matter what Fund they are paid from Contributions and Special Events Capital Projects Fund Revenue and Expenditures 29 This schedule shows revenue by type and expenditures by project in the Capital Projects Fund for 2010, 2011 and proposed 2012. Real Estate Transfer Tax Fund Revenue and Expenditures 32 This schedule shows revenue by type and expenditures by project in the RETT Fund for 2010, 2011 and proposed 2012. Marketing Fund Revenue and Expenditures 34 Debt Services Fund Revenue and Expenditures 35 Heavy Equipment Fund Revenue and Expenditures 36 Dispatch Services Fund Revenue and Expenditures 37 Conference Center Fund Revenue and Expenditures 38 Health Insurance Fund Revenue and Expenditures 39 10/18/201 1 3- 1 - 14 TOWN OF VAIL 2012 BUDGET PROPOSAL GENERAL AND RELATED FUNDS The Town of Vail 2012 budget proposal presented in this document reflects the town's vision to be the premier mountain resort community in a fiscally responsible manner. The 2012 draft budget proposal also reflects a renewed focus on guest services and public amenities including several high profile special events. This follows Vail's Billion Dollar Renewal which included investments from both developers and the town with new buildings, streetscape enhancements, landscaped medians, public art, and loading and delivery facilities. The "Renewal" continues to generate additional sales and real estate transfer tax (RETT), helping the town weather recent economic instability. Looking back over the last five years, sales tax collections were $16.5 million in 2005, and peaked at $19.6 million in 2008. By 2010, as the town felt the impact of the national recession, sales tax dropped to $17.7 million. RETT collections in 2005 totaled $6.2 million compared to $7.0 million in 2010, with a peak of $9.1 million in 2008. Redevelopment also prompted Town Council to establish the Vail Reinvestment Authority (VRA), a tax - increment financing district in LionsHead. Since its creation in 2006, the VRA has generated nearly $5.3 million in property tax collections and provided a funding mechanism for capital improvements within the district (such as the LionsHead Transit and Welcome Centers) with bonds ($11.9 million) that will be repaid by those incremental taxes. Even with increases to revenue, the town is challenged to operate within annual revenue streams while providing world -class service, maintaining new amenities and supporting the local economy by way of event funding, marketing, and other Council contributions. For example, snowmelt, loading and delivery shared costs, repair and maintenance of new buildings, added landscape and pathways have resulted in approximately $860,000 in annual operating costs. Funding for iconic and special events has increased 75 %, or $673,600 since 2005, not including the $293,280 in annual in -kind services provided for events and non - profits. The in -kind services and general support to special events in 2011 has stretched town staff to the limit and while the attached proposal includes similar levels of support in 2012, any additional events generate additional need for personnel, volunteer hosts, publicity and other costs. Also, upcoming commitments to large events cannot be absorbed within the town's annual operations. Specifically, the town's support for the World Alpine Ski Championships, the Nation's event at Golden Peak, the Pro - Cycling Challenge and Vail's 501h Anniversary celebration are proposed for funding from General Fund reserves. Town departments have met the challenge of increased costs for new amenities and events by reducing headcount, converting positions to contract services (town attorney and a majority of custodial services), managing vacant staff positions and making significant cuts in other areas such as professional development, general supplies and equipment, and internal /external programs. These efforts save the town $2.1 million annually. 1 10/18/201 1 3 - l - 15 REVENUE The town's 2012 budget is funded by a projected $51.0 million net revenue budget. Net revenues exclude inter -fund charges and transfers. 2012 projected revenues are 10% less than 2011 amended and a 12% decrease from 2010. (See page 10 for Major Revenue Analysis). The below chart identifies the various sources of town revenue: Chargesfo- Se-vices 3% Transportation Centers 9% In Lei Bove[ n[rie[ Revenue J /o Licenses on( Permits 3% 2012 Net Revenue Projection: $51.0M Earnings on Transfer frorr VRA Investments Rent, Fines & 6% r 1% Sales Tax Misce laneous J ­n, Real Estate Transfer Franchise Fees 1% - - Tax 9% 7% and Tax Sales Tax will produce approximately 35% of annual revenue for 2012. The $17.8 million of sales tax projected is flat with the current 2011 budget and a less than 1% increase from 2010. Real Estate Transfer Tax collections of $3.8 million represent 7% of total annual revenues. Since 2004, we have separated RETT revenue into two categories: collections from major redevelopment projects (such as the Four Seasons, Ritz Carlton Residences, Solaris, etc.) and "base" collections, which represent all other real estate transactions. This separation allows for more accurate trending. "Base" collections are projected 20% less than 2010, and collections from major redevelopment are budgeted at a decrease of 61% from 2010 assuming minimal re- sales. Property and Ownership Tax of $4.2 million will generate 8% of total revenues for 2012. Newly redeveloped properties helped to offset a 32% decrease in base property values, for an overall reduction of only 17 %. The current base mil levy is 4.69 and constitutes 10% of the average taxpayer's property tax bill. The property tax projection is based on the August 11 report received from the county assessor. Parking revenue from the transportation centers is projected at $4.4 million for 2012, or 9% of total revenues. This projection is flat with 2011, and a 12% decrease from 2010. 2 10/18/201 1 3 - L - 16 Intergovernmental revenue includes federal and state grants, county sales tax, county road and bridge tax, highway users' tax, cigarette tax and E911 Authority Board. For 2012, this revenue source represents $2.7 million, or 5% of total revenues for the town. While the majority of these funds are from taxes, they also include federal grants of $65,000 for fire fighters from the SAFER grant, and $89,000 for a police officer from the COPS grant. Ski Lift Tax and Franchise Fees total $3.5 million and $1.1 million, respectively for 2012, representing 9% of the total annual revenue. The town will continue to receive reimbursement from the Vail Reinvestment Authority for expenditures directly relating to capital projects within the tax increment district. In 2012, the town expects to be reimbursed a total of $7.1 million for those projects. More detail on these projects is included below under Capital Projects Fund expenditures. EXPENDITURES The town's expenditure budget for 2012 is $53.9 million excluding inter -fund transfers and charges. This is a 31.1% decrease from the 2011 amended budget, mainly due to large capital projects currently underway in 2011 that will most likely continue into 2012 such as energy enhancements, neighborhood road and bridge replacement, the LionsHead Welcome Center and the LionsHead Transit Center. Included in this amount are capital projects that will be reimbursed from the Vail Reinvestment Authority (see Capital Projects section below). Sixty -four percent of the expenditures are to provide municipal services and thirty -six percent to fund capital improvements including debt service. Where the Money Goes 2012 Proposed Expenditures $53.2M Debt Service Capital 4 1,A Improvements 32% Municipal Services 64% Within municipal services, 66% of spending is related to staffing costs. These costs include salary expense, overtime, and benefits such as health insurance, disability coverage, worker's compensation, pension, life insurance, unemployment and Medicare. 3 1 0/18/201 1 3- 1 - 17 The town's operations are supported by 284 full time equivalent (FTE) positions in 2012, down from 300 at the beginning of 2009. Of these, 213.7 are full -time regular employees. Since 2009, the total FTE count has been reduced by 15.7 without compromising service levels. Of the total, a net of 9.8 full -time benefited positions and 10.0 fixed term /externally funded positions have been reduced, offset by an increase of 4.1 in seasonal positions. 2012 headcount changes include the return of two seasonal Forest Health crew members and the reduction of 3 full -time positions, with those services now contracted out (Town Attorney and 2 custodian positions). Other additions include a .48 summer seasonal position for the streets department, .25 for one intern in Community Development (over a three month span) and .5 to continue the construction inspector assigned to large capital projects. Please refer to page 11 for a detailed explanation of FTE changes, and page 12 for a 10 year history of the town's FTE count. Employee benefits are projected at $5.7 million, representing 36.3% of base salary expense for 2012 (please refer to page 14 for a breakout of employee benefits). The largest single component of benefit cost is health insurance at 47 %, followed by pension contributions at 36 %. Pension 36% Work Comper Benefits Costs Wellness 2012 $5.7M Medicare r Benefit 4% / 3% insurance Health Insurance 47% e, Disability, and employment Insurance 4% 6% Health claims are a significant portion of employee benefits costs and have been trending at an annual increase of 10% per year for the last several years. Staff is managing rising costs by sharing a portion of these expenses with employees through changes to health plan design (for example, increases to employee -paid deductibles, co- pays and out of pocket maximums). Employee monthly premiums will also increase. The town plans to use $135,000 of Health Insurance Fund reserves (these reserves grow from annual contributions by both employees and the town, with most of the current growth occurring between 2001 and 2008). The reserves are intended to protect the town from excessive claim activity (unanticipated) in one year, and current reserves adequately provide this protection. See page 38 for a detailed fund statement for the Health Insurance Fund. While the above narrative summarized the overall proposed town financial outlook for 2012, the following provides an explanation of budgetary assumptions for each fund: 4 10/18/201 1 3 - l - l8 GENERALFUND The General Fund supports the town's basic municipal operations. The attached General Fund proposed budget for these operations has a surplus of $142,104, which does not include commitments to large special events such as the World Alpine Ski Championships, Pro - Cycling Challenge or Vail's 501h Anniversary Celebration. With current assumptions of $950,000 being spent on these events in 2012, the resulting fund balance will total $20.2 million at the end of 2012, representing 69% of annual revenues. 35% was the Council directive in prior years as the minimum fund balance during redevelopment. REVENUE - $29,280,569 The General Fund's primary source of revenue is sales tax followed by parking, property and ownership tax, and lift tax. Sales Tax - $10,859,000 In this budget proposal, 61% of the town's 4% general sales tax is allocated to the General Fund. The remaining 39% is allocated to the Capital Projects Fund. While this split is the same percentage used on average over the last 10 years for budget purposes, the actual share of revenue has averaged 53/47 since 2001 and 51/49 since 2004. The "split" percentages change when sales tax collections do better than expected (excess revenue goes directly to the Capital Projects Fund) and the above averages include the impact of transfers of fund balance from the General Fund to the Capital Projects Fund. Since 2001, $10.1 million has been transferred into the Capital Projects Fund for both specific projects and to increase capital reserves. Due to the proposed 61/39 split, approval of this budget will require an affirmative vote by five out of seven Council members (a super majority) because less than 50% of the sales tax revenue is going to the Capital Projects Fund. This is based on the town charter from 1973 when Council intended to earmark 50% of sales tax collections for capital projects, real estate acquisition and related debt service. Since that time, several revenue sources have been added to enhance the town's ability to fund capital projects such as Real Estate Transfer Tax, Construction Use Tax, the Vail Reinvestment Authority, Employee Housing Fee -in -Lieu and federal grants. While staff is recommending a 61/39 split of sales tax collections, we will continue to implement the policy of allocating any revenues in excess of the original budget to the Capital Projects Fund, as has been done in years past. 2012 sales tax revenue is projected to be flat with the current 2011 budget, and a less than 1.0% increase from 2010. Actual collections in 2011 are currently exceeding budget by 6.43 %. Property Tax, Parking Revenue, Ski Lift Tax and Franchise Fees budgetary assumptions were discussed above, in the Revenue section. Licenses and Permit Fees - $955,000 The largest component of licenses and permits is construction permit fees, which includes building, mechanical, plumbing, and electrical permits. The 2012 budget for construction permits is projected with "base" transactions flat with 2011 budget, and no activity anticipated from major redevelopment. 5 10/18/201 1 3 - l - 19 EXPENDITURES - $29,138,465 As a service organization, the majority of spending relates to staffing. For 2012, this represents $18.3 million or 63% of total expenditures which includes benefits and a 3% proposed merit increase based on employee performance. Benefits of $4.6 million are a slight reduction from 2010. As a percentage of salary, benefit expenditures for 2012 are proposed at 40.4% of full -time salaries and 8.9% for seasonal, resulting in a total of 36.3% overall. Please refer to page 14 for a detailed breakout of employee benefits, with comparisons to prior years. Departmental spending of $6.2 million (also labeled as "All Other Operating" in the General Fund statement) is 1.5% less than 2011 amended budget despite an increase in services and the addition of new facilities. These additions include new operational expenditures such as increased snowmelt from streetscape near Solaris and the new transit area, and utilities for new facilities including the West Vail Fire Station and LionsHead Transit Center. There are also savings from planned energy enhancement projects totaling nearly $120,000 in 2012. Other items such as cinders are budgeted at an average snowfall. Although we've received over $3.3 million of requested Council contributions (pages 18- 27), this budget document includes $1.26 million (a slight decrease from 2011) for inclusion in the annual operating expenditures for the town. Additional contributions to the 2015 Word Alpine Ski Championships ($250K per year for 5 years), the 2015 Nations Event at Golden Peak ($375K per year for 4 years), the Pro - cycling Challenge ($175K per year for 5 years with $100K funded by the VLMD) as well as the 501h Anniversary celebration are proposed to be funded from General Fund reserves because they cannot be absorbed within the annual budget allocations. Funding for the Commission on Special Events (CSE) is also included in the Council contribution requests. The CSE has asked for $1,061,800 for 2012, a 27% increase over the prior year. The increase is directly related to the addition of two new events: Teva Winter Games at $75,000 and a three -day event over Memorial Day for $150,000. The attached draft budget does not include these two new requests per Council's feedback to stay flat from prior year (similar to departmental budgets) on September 20th. Heavy Equipment Operating charges increased 8% compared to 2011 due to fuel prices. Costs are charged back to departments based on their use of the vehicles and equipment. Replacement charges are proposed flat with 2011 budget and are based on a long -term replacement plan for town vehicles. Dispatch Services charges total $575,706 for 2012 based on a three -year average usage by the town (33.7% of total 911 call volume). The 2012 charges are a 7% increase from 2011 attributable to an increase in call volume. 6 10/18/201 1 3 -1 -20 CAPITAL PROJECTS FUND REVENUE - $7,711,660 Sales tax is a primary revenue source for capital projects. For 2012, $6,941,000 or 39% of the town's projected sales tax revenue is allocated to the Capital Projects Fund. Use Tax collections are budgeted at $515,000, 3% higher than the 2011 original budget. 2011 collections currently exceed the budgeted amount however this includes some activity from large projects. No major projects are assumed for 2012. EXPENDITURES - $15,075,374 $7.1 million of the above will be reimbursed by the Vail Reinvestment Authority (VRA) for capital projects within the LionsHead TIF District such as the East LionsHead Portal ($2.1 M), the West LionsHead Portal ($750,000), the Library remodel ($1.6M), a renovation of the Sundial Plaza and surrounding area ($850,000), partial funding of the Guest Services Enhancement project ($500,000), CDOT- required parking within the TIF District area ($480,000), and completion of the LionsHead Welcome Center ($304,700). The VRA is also reimbursing the town for the annual capital maintenance of the LionsHead parking structure ($365,000). The town is utilizing the Capital Projects Fund to track these projects because the town's financial systems are better suited than the VRA's to provide internal controls over projects of this size and to facilitate recording the capital assets on the town's books. The money allocated to these capital projects tie directly to the proposed budget for the VRA. In addition to the last debt service payment totaling $2.1 million, noteworthy projects for 2012 include: • Annual capital maintenance of town facilities, parking structures and streets totaling $2.9M • Guest Service Enhancement project ($1.1 M), with $500,000 to be reimbursed by VRA • Renovation of Vail Village Information Center interior space, including new guest services consistent with LionsHead Transit and Welcome Center programming ($1.1 M). In addition, a new pull -off lane at the VV Info Center is proposed at $250,000 • CDOT- required parking in LionsHead and a guardrail in West Vail on the North Frontage Road is proposed at a total cost of $630,000, offset by VRA reimbursement of $480,000 • Business Systems replacement ($175,000), which may include a new financial accounting system over a two year period The Capital Projects fund is projected to have a fund balance of $7.4M at the end of 2012, not including unfunded projects. 7 10/18/201 1 3 -1 -21 REAL ESTATE TRANSFER TAX (RETT) FUND REVENUE - $4,074,888 The primary revenue source for this fund is the 1% real estate transfer tax, accounting for $3,835,000 in projected revenue for 2012. Base transactions are budgeted at a 20% decrease from 2010. Collections from major redevelopment are budgeted at a decrease of 61 % from 2010 assuming minimal re- sales. EXPENDITURES - $5,653,946 Use of the RETT Fund is restricted by ordinance to parks, recreation, open space, and environmental sustainability. RETT currently provides funding for both operating and capital expenditures within those categories. Total operating expense of $2.5M for 2012 includes: • Annual Park and Landscape maintenance ($1.4M) • Environmental Sustainability programs ($250,000) • Continuation of Forest Health projects ($195,000) • Management of AIPP programs ($92,700) • Betty Ford Alpine Garden annual support ($55,620) • Eagle River Watershed Council support for Black Gore Creek projects ($50,000) Noteworthy capital projects for 2012 include: • Flood incident major repairs and prevention measures to culverts and drainage infrastructure ($1.1 M) • Stream bank mitigation planning ($200,000) • Frontage Road bike lanes ($1.2M) • Improvements to VRD- managed assets totaling $660,384. Significant projects include improvements to the Ford Park tennis court repairs The RETT fund is projected to have a fund balance of $7.6 million by the end of 2012. VAIL MARKETING FUND Business license fees provide the revenue for this fund, which is restricted to marketing Vail. Revenue is expected to be flat with 2011. Expenditures for marketing through the Commission on Special Events (CSE) are also budgeted flat at $280,000, with an additional $20,000 allocated to the Vail Jazz Festival. DEBT SERVICE FUND This fund is used to manage principal and interest on the town's outstanding debt. Funds are transferred from the Capital Projects Fund to meet annual debt service requirements and to cover the next upcoming principal and interest payments on the 2002B and 2008 bonds. All debt will be repaid by the end of 2012. 8 10/18/2011 3 -1 -22 HEAVY EQUIPMENT FUND This is an internal services fund that manages the maintenance and repair of town vehicles and equipment and the purchase of replacement vehicles other than buses and fire trucks. Costs are charged back to departments based on their use of the vehicles and equipment. Fuel prices are the reason for a 15% increase in operating costs from the current 2011 budget. DISPATCH SERVICES FUND This is an enterprise fund, e.g., more than half of its revenue is from sources outside of the town, managing emergency communications for all of Eagle County. The E911 Board currently funds seven dispatcher positions, two supervisor positions and a systems engineer. In 2012, there is a 7% increase in the town's fees based on a three - year average of call volume, of which Vail Police and Vail Fire total 33.7 %. CONFERENCE CENTER FUND This fund was established in 2003 to account for a 1.5% public accommodations tax and a .5% sales tax imposed by election for the purpose of building and operating a conference center in the town. These taxes were rescinded by election in November of 2005. A ballot question will be posed to voters this November asking to use the accumulated $9.4 million for three capital projects. If this question passes, Council will be asked to revisit the budget for this fund to include the proposed projects. HEALTH INSURANCE FUND This internal services fund manages the costs of providing health and short -term disability insurance to employees. Net costs are charged to departments as employee benefits. Since the town is self- insured on these items, a sufficient fund balance is maintained to absorb extraordinary claims experience. Claims over $75,000 per person are covered by an indemnity "stop loss" insurance product. Although increasing healthcare costs are shared with employees, staff has recommended use of $135,000 of fund balance to help offset the anticipated increase in medical claims for 2012. This Fund is projected to have a fund balance of $714,119 by the end of 2012. 9 10/18/201 1 3 -1 -23 N .T c y Cm � N N O N 0 .C� G C\V M U N o Y T O m J Q r Q E ) E O V3 > 1 o ° m u '� m � � c E N m m a -° ._ W OOO O U 1 N CO N ^O > E N N m KS M O N N U 00 N T 0 O N> N N Ol C O. t6 '- N CO m a IL U > m m O mu 7 0 O N 3 0 > m N m E� a a m a m° E m m E°i N ` oo N u m> od "- -a m ¢ ct6i p m 0 Vim° CO m cow Lu F w m ° �N O a N N .- .E _O LL t6 O d i6 N Y U U 3 N N N U fl- '06 N N E N N p N 11 N �i Y -O U Ln h W 0 Fu - N U N 0] i6 Ln M N N Z M U Q N Z N LL E LL N N N N N N 'O D O p o O O p o m O p o rl O p o rl O p m O p N O p o O O p ill O ill O p o m CO o h o O h W o O o N O o� 0 N O 0 O Ln I� 0 Ln 0 O N c0 O N m O M � O Ln c'l CO N � 0 0 m � W � W o M N �� N O O Q N o O j W M W N M Cl! 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W (V M N I� O W W � ill � � h m � Q CM M M m N N h cp a N N p 5 W M O M h W CO M Z N M CO N a m h N CO o O� N O� N M M r N W M O ro o M h N Ql rl N N O h C CO CO N O 7 I� O CO co N r o CO r O O m 0� O Q W N cn N O O r r p 5 N a r CO O N CO O M N O N r r N O N N Z W r CO O o W 'R I� rl M ro Ql O ro O c0 p Cn Ql N M M a O m Cp W o O 7 Lq W i!i I O� ro L6 � W m N I� 6 CO m � W� O r O � o o N a y CO � C M� O o o W W a m m O m m W h O N a L6 W N M CO N N CO N W O CO W O Lq C1, N r a y rl ill p o p ro m m N o M ro O 7 Lq rl h O M M I� r N r o M rl M 6 O m O L6 I� r ro M O O 6 c'l N N r rl O O O W O M h N h N CO W M CO O N a r N � W N o N M CO o W M M x m r N N � U 6 a N x N d d d N d d p t6 d d N d Ol 7 a m O m c c N o c m c m N a�i ot} �• a�i o > °- > m m O o 0 c ¢ m y > m m f x f m m m s OC �- c f Y =- ~ c c °� s °� c O m o m CS w of a IL V U O LL w OC w a h° C\V M Town of Vail 2012 Budget Summary of Changes in Personnel From 2011 Original Budget to 2012 Budget 2012 Changes Comments Full -time Regular Positions Facilities: Custodians (2.00) Vacancies - work contracted out Town Attorney (1.00) Contracted out (3.00) Seasonal Positions Forest Health 1.00 Bring crew back to original level of 6 (reduced to 4 for 2011) Community Development 0.25 Intern for 3 months Public Works Streets 0.48 Special events support, recycling /composting Public Works 0.50 Construction inspector 2.23 Total Changes to FTE Count: (0.77) 11 10/18/2011 3 -1 -25 r• W G 0 � F m N C N L J L u- C 0 L 0 r• y y N r_ p7 N .OC m aO O O .... 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N C') Lo Lo N O I� O N W O N 00 00 CO O cD O Ln I� NO NO N N C; Lo Lo N O O O) LO co co to O W O LO O O'l- O N O Cfl O N O N N O Lo Lo m m N O C\j (D C) N C N R .7 W d) U E_ o r U) N 7 N N 0 N� (n j LL 3 E E Q) Q H Q U iL C C N L i O "O U Q CL Q N 0 N C O O co O O o O O It O O O r O O O O N N N CO') O W W W N O r co O N Lo N N N CO') N "o C) W N r co O n N N N ° N N oO n N W N r co O n N N O� N O O c) O Ln Lo Cfl W Lo co C) N � Cfl Lo N N co m co I- O CO7 (D M Cfl co Lo r C) N N Cfl Ln N N co co W co co co C) O c) co W Cfl W 4 Cfl C) N co Cfl Lo N N I- O CN7 � O CO7 W O co Cfl Lo N Lo C) N N I� O n N N N O COO I- O m co O N W c) C) Cfl W Lo M N M N N O CN') m O co c) co _ O N CO � Lo C) r O O C) Lo N N N � N a) O M C') O co O N of O Lo C) r O (fl C) LC) N N N O O N O O N co N Lo N N O ) 'l- � OO ON O O O O O O O co - Lo Lo N N N O C\j (D C) N C N R .7 W d) U E_ o r U) N 7 N N 0 N� (n j LL 3 E E Q) Q H Q U iL C C N L i O "O U Q CL Q N 0 N C O O co O O o O O It O O O r O O O O N N N CO') O W W W N O r co O N Lo N N N CO') N "o C) W N r co O n N N N ° N N oO n N W N r co O n N N O� N O O c) O Ln Lo Cfl W Lo co C) N � Cfl Lo N N co m co I- O CO7 (D M Cfl co Lo r C) N N Cfl Ln N N co co W co co co C) O c) co W Cfl W 4 Cfl C) N co Cfl Lo N N I- O CN7 � O CO7 W O co Cfl Lo N Lo C) N N I� O n N N N O COO I- O m co O N W c) C) Cfl W Lo M N M N N O CN') m O co c) co _ O N CO � Lo C) r O O C) Lo N N N � N a) O M C') O co O N of O Lo C) r O (fl C) LC) N N O N 00 ,� O M N 0 E -E5 O Ir O °6 6 N i L U N N (0 IL N N U X X_ Q 65 o6 U O O O U 0 Y N C O N a o o F O 6 a lL Q CL O � O � IL J IL H LL LL ii r O N 00 ,� O M Full -Time Regular Employees Fee Based Health Insurance Group Term Life and Accidental Death Insurance Long -term Disability Insurance Survivor's Life Insurance Short -term Disability Insurance Wellness Benefit Sworn Officer Death and Disability Insurance Subtotal Fee Based Payroll Based Pension Contribution Medicare Workers' Compensation Insurance Unemployment Compensation Insurance Subtotal Payroll Based Total Full -Time Benefits Part -Time and Seasonal Employees Fee Based Wellness Wellness - Boards & Commissions Mini -Med Program Payroll Based Pension Contribution Medicare Workers' Compensation Insurance Unemployment Compensation Insurance Subtotal Payroll Based Total Part -Time and Seasonal Benefits Total Benefits - All Employees Town of Vail Employee Benefits 2009 15.4% 2010 15.6% 2011 15.26% 2012 14.83% Actual °% Salary Actual % Salary Budget % Salary Proposed % Salary 2,515,558 18.8% 2,525,000 19.1% 2,530,000 18.73% 2,700,000 19.78% 214,665 1.6% 213,525 1.6% 86,000 0.64% 74,000 0.54% 2,442,896 18.3% 2,414,082 18.3% 55,000 0.41% 53,000 0.39% 72,000 0.53% 74,000 0.54% 25,000 0.2% 25,400 0.2% 32,000 0.24% 25,000 0.18% 94,352 0.7% 144,794 1.1 % 95,000 0.70% 95,000 0.70% 65,629 0.5% 68,336 0.5% 68,500 0.51% 72,000 0.53% 2,915,204 21.8% 2,977,055 22.5% 2,938,500 21.75% 3,093,000 22.66% 2,059,169 15.4% 2,059,475 15.6% 2,061,484 15.26% 2,024,625 14.83% 172,959 1.3% 168,269 1.3% 180,861 1.34% 182,938 1.34% 182,241 1.4% 158,471 1.2% 192,500 1.43% 191,400 1.40% 28,527 0.2% 27,867 0.2% 27,000 0.20% 27,300 0.20% 2,442,896 18.3% 2,414,082 18.3% 2,461,845 18.23% 2,426,264 17.77% 5,358,100 40.1% 5,391,137 40.8% 5,400,345 39.98% 5,519,264 40.43% 72,199 3.8% 117,746 6.1% 75,000 3.89% 8,100 0.4% 9,100 0.5% 9,100 0.47% 4,199 0.2% 3,375 0.2% 6,000 0.31% 75,000 3.68% 9,100 0.45% 6,000 0.29% 30,115 1.6% 28,989 1.5% 28,910 1.50% 30,586 1.50% 27,899 1.5% 27,788 1.4% 27,946 1.45% 29,566 1.45% 26,153 1.4% 22,973 1.2% 27,500 1.43% 27,716 1.36% 4,094 0.2% 4,040 0.2% 3,855 0.20% 4,078 0.20% 88,261 4.7% 83,790 4.3% 88,210 4.58% 91,946 4.51% 172,759 8.9% 214,011 11.1% 178,310 9.25% 182,046 8.93% 5,530,859 36.1% 5,605,148 37.0% 5,578,655 36.14% 5,701,310 36.34% 14 10/18/2011 3 -1 -28 W U z a J a d] z M LL Z U) W 0 w¢ p U m N Q Z LL N W J J dC Q M cc j H W LL W O W za X O W W M z W W cc LL O CC a N f O f N f r� O N f {4 � r � _ N d O O ! o; N , 0 in O a_ C 0 O U a 7 a N ❑ W a) LL N y U) U > a) O O a Q f6 O a) N i C5 > E ❑ a) Q y J C5 > a) N a) 1 Qj U iD O U N a) o o _ lo o o -O -O f6 O Q >, f6 O) LO C! C c Q r f6 0 E a) O) a) o a) c O c 3 0) � ,c 0) E E O N a) -c f6 H 16 y (6 C5 c6 c: E E O r j a) � a) 0- iE 0 r r p p O rp m (>6 (>6 O O U" a) X N C� - L a C a) c 0 a) 0 0 >, O N o y y o c E c N i6 O f6 Q 0 a) a) O M , ca a > -0 T -o E > -o N N N N E 0 N C N N C N ns ns O OOOm000000c_oOrn O OOOUO0uO0uO00 C) CO O O O O P- O N O W O O W O Lq O M O N N N Lo r LO It LO Cp O r- O O Lo m O r Lo N I- N r Cp O W W r W N� r O O'It r- r7 r O N N r O r7 r r N O O O O N O LO O r7 O O CO I- r7 O O Cl Cl Cl Cl CO Cl CO Cl Cl O LO O O O O It N r7 LO O O O W CO W O M O LO M I- N LO r O L O O M O LO L O W r7 N O O CO W N W r W O r C I- L co M W N C) I� O LO r7 r r O r r N E� E� O O O O N O LO O m O O CO W O O O O O O CO O CO O O LO O O O O O"t N O LQ O O O W CO CO C) M O LO M I- N r N L O CO O LO O W m N O O O CO CO It Mr c�OrOl- LOml- C) OD C) co w 6 L6 ri N E� E� L CO n LO n N n O N W r N M N It N CO It - Cj r CO r7 I� It r7 r O CO u7 O r N C) I- V -W u7 Lo -4 co N m I- n CO W CO CO 1� r O M O M O O W N r 0 r7 C) I� LO O C) r r r L6 O r r C! Ep, E a) C5 c o N � a) o E Cl) _ U) a) a o 7 � U O C � N C) N C) LO Cl! r r7 n m CC) CO LQ N T 't W U) A) 'U 3 � r O O N O y C: a) O U a) Cn N Q E Y y 3 Q f O N ,C ) 6 N -0 O U c t o 0 O ( C5 U) > Oc c6 c>6 y Q T O) N T Q O O O c 'O y U >, O 0 0 C5 -O N Q a) ❑ NO N m !�D CC) It OD CC) LO r- OOOCo m N m I- LO 00 CO N LO It r- Cl) N N N LO LO r CO N W N t t a a�(Di Y O ca O a Q 0 0 0 0 0 0 0 0 O O O O O LO LO O LO rl rl LO N M N W O W O LO n't n r N O O TM W LO It r O N M N O O O O I- r7 - W N w O O LO n r7 Lo W CO CO I� n lD O U O LO CO W W It r7 Cl) 00 U.) v P- LQ N N C) (:: LO LO O N N C) 't W r CO N W ... r N N O r C) r I�'t n O V O I- O LO N r O N O O O u') Lo n O r W V O ZF I� m (COO r- (oo 4 m w w n CO LO N N W O LO LO LO V T W r L6 N N O L W O I I-o CO N O LO N n It N CO O CO CO co tIr 'N:' O C) M O C) C) r lD 't � Cl CO N M m O m I- N LO co O O O N T N O O CO U') r r CNN co �_ rn fb � O O 00 O N O b N O T O co CO It 0000 W w ao CO co N r � o � C7 O N Ch E n CN n C O w C6 co N co N Ci co N 00 O O �D O � O O T N ff! 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N > H D: m W W C TOWN OF VAIL 2012 BUDGET SUMMARY OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE GENERALFUND Revenue Local Taxes: Sales Tax Split b/t Gen'I Fund & Capital Fund Sales Tax Property and Ownership Ski Lift Tax Franchise Fees, Penalties, and Other Taxes Licenses & Permits Intergovernmental Revenue Transportation Centers Charges for Services Fines & Forfeitures Earnings on Investments Rental Revenue Miscellaneous and Project Reimbursements Total Revenue Expenditures by Type: Municipal Services: Town Officials Administrative Services & Risk Management Community Development & Housing Police Police Communications Fire Public Works & Streets Transportation & Parking Facilities Library Economic Development Total Operating Expenditures Revenue Over (Under) Expenditures 2015 World Alpine Ski Championships Pro - cycling event 2015 Nation's Event Vail's 50th Anniversary Transfer to Capital Projects Fund Revenue Net of Transfers & New Programs Beginning Fund Balance Ending Fund Balance EHOP balance included in ending fund balance - not spendable 2010 2011 2011 2012 Actual Budget Amended Proposed $ 17,676,115 $ 16,900,000 $ 17,800,000 $ 17,800,000 57/43 61/39 61/39 61/39 $ 10,143,624 $ 10,310,000 $ 10,859,000 $ 10,859,000 4,951,386 5,055,000 5,055,000 4,232,000 3,357,717 3,193,000 3,193,000 3,492,000 1,040,425 1,087,402 1,087,402 1,112,753 1,387,337 732,200 732,200 955,000 1,929,121 1,524,065 1,525,365 1,911,250 5,037,042 4,911,500 4,411,500 4,425,000 875,627 702,963 810,963 774,850 271,561 305,000 305,000 325,000 1 19, 049 194,000 194,000 1 16, 900 862,151 869,816 869,816 869,816 386,271 161,658 280,607 207,000 30,361,311 29,046,604 29,323,853 29,280,569 1,162,640 1,295,860 1,409,304 1,453,334 3,043,095 3,306,565 3,383,559 3,467,195 1,722,407 1,644,765 1,683,918 1,581,504 4,280,070 4,591,150 4,669,043 4,591,423 522,213 537,827 537,827 575,706 2,817,132 2,981,136 2,988,292 3,078,507 3,530,332 3,553,226 3,572,503 3,674,733 4,495,643 4,661,727 4,782,738 4,889,032 3,315,796 3,733,319 3,733,319 3,551,345 794,879 800,580 801,571 816,751 1,471,156 1,458,255 1,475,157 1,458, 935 27,155,363 28,564,410 29,037,231 29,138,465 3,205,948 482,194 286,622 142,104 (250,000) (250,000) (75,000) (75,000) (75,000) (375,000) (250,000) (3,742,673) - (1,845,800) (536,725) 407,194 (1,884,178) (807,896) 23,423,417 20,340,414 22,886,692 21,002,514 $ 22,886,692 $ 20,747,608 $ 21,002,514 $ 20,194,618 $ 690,000 $ 690,000 $ 690,000 $ 690,000 10/ 18/201161 3 -1 -30 Expenditures by Type: Operating Expenses paid for by General Fund: Town Officials Administrative Services & Risk Management Community Development & Housing Police Police Communications Fire Public Works & Streets Transportation & Parking Facilities Library Economic Development Information Center Council Contributions Commission on Special Events Large event commitments: 2015s, Pro Cycling, Vail's 50th Total paid by General Fund: Operating Expenses paid for by Marketing Fund: Commission on Special Events Operating Expenses paid for by RETT: Annual Park and Landscape Maintenance Tree Maintenance Rec. Path Capital Maint Park / Playground Capital Maintenance Street Furniture Public Art - operating expenses Alpine Garden Support Black Gore Creek Sand Mitigation Forest Health Environmental Sustainability Total paid by RETT: Total Operating Expenditures Summary of Operating Expenditures 2011 2011 2010 Original Amended 2012 Actual Budget Budget Budget 1,162,640 1,295,860 1,409,304 1,453,334 3,043,095 3,306,565 3,383,559 3,467,195 1,722,407 1,644,765 1,683,918 1,581,504 4,280,070 4,591,150 4,669,043 4,591,423 522,213 537,827 537,827 575,706 2,817,132 2,981,136 2,988,292 3,078,507 3,530,332 3,553,226 3,572,503 3,674,733 4,495,643 4,661,727 4,782,738 4,889,032 3,315,796 3,733,319 3,733,319 3,551,345 794,879 800,580 801,571 816,751 166,792 173,112 173,112 179,025 201,221 202,990 202,990 218,133 478,013 472,275 489,177 444,635 625,130 609,878 609,878 617,143 75,000 325,000 950,000 27,155,363 28,639,410 29,362,231 30,088,466 280,000 300,000 300,000 300,000 1,198,869 1,317,340 1,317,340 1,350,140 57,331 65,000 85,000 65,000 119,241 104,094 141,177 93,395 94,609 90,000 114,841 85,000 22,472 22,500 22,500 25,000 94,072 89,371 89,371 92,657 55,620 55,620 65,620 55,620 55,477 50,000 65,600 50,000 206,183 145,000 145,000 195,000 253,434 250,000 319,350 250,000 2,157,308 2,188,925 2,365,799 2,261,812 29,592,671 31,128,335 32,028,030 32,650,278 10/18/2014_ 3 -1 -31 r L co co M U) cr ac > o r O Y a o L CL G N t O N U cl Y N + O N U' c N C, O a O j 0 0 U V O V V ° LL c, a o a a N 7 M 0� 7 N O O O O O O O O O O O O O O O O O O a O O O O O O co O O O O� O O C O C O C O O O O M O V O O O a O O O O V y cp V) V I- n n O V N 7 V) 7 n N V) I� O N V) M O N 7 T 7 O r In LO co cC O co U N N N a O O O O O O 0 0 0 N 0 0 0 O O O O In O O O N O O In O O O � O O O O O N 0 0 0 O O O O O O a O O v a o o V) V n n o co O 0 N oco V) ono V) It V) 00 O oomo V) O C 0 W 0O � 0 O o Ln N o O 00 cC C T 0 I- n V 7 N 7 N I: L n N L 0 7 7 r In N r E r N M N I- M (D M fA N t U N N o U N 6 a 6 N o0 6> N N ca C0 a a N 0 N Cl) LO L 7 N 0 O O O O O O O O V) O O LO Lo rn c 0000 OOLnO 000 OO V_ O o r- orn O O' Or oco r cc Ur V) V) n V r V) O M N O V) co co R O N = N V) N N R LL a O O O O O O O O O O O O O O O O O O O O LO O M O co r O V) O O O O N V N V y O � C 0� M O � N M NCO MO MI- r O C= LO N M M n N n N N M V) n 7 r M M f- R N N r Lo cC N � O L N N Q N E N N O cl cl O U N N N y •+ N Q = ai c a J d O N N Y LO a Q- asi o N cc c o (D o T c Q vi vi a N Y N o a�� aN D T E Cy o > N r N rn Z5 C O > N U O N O O N O Q U O N N C E Q ON _ N y + 0 Y N O O C t co U_ N N N C? N N C 07� N N O O LL O U U U NY Q O E N' N Y U _� O� O O O C, 0 cl a O U o o a Q N N a �. N o n f6 t aoaaN co n asM p Q Q Q w Ir I C U H d d d - O 7 co 0 0 7 M co t O O O O O O O O 0 0 0 0 0 0 0 O 0 0 0 0 0 0 O O O 0 0 0 0 0 0 O O O O y y c p 0 O O O O O O O O O O O O O O O O O O LO co 0 O 0 Lo 0 0 0 0 0 0 O O O O O O O O M 0 O O Cl Cl O O O O LO T 0 O 0 0 O O 0 LO � N LO fl O O O l f i O L r O N U 0 0� N O V) Lf� Lf� Lf n L O O V) O V) O N V5 W co 0 7 N co N co I- co LO N co co r N co O N 7 N I: V) n N n O O 7 I- N 7 r f- 7 LO LO r N M I� T O O cc N co N d o 0 0 0 0 0 0 0 n o 0 o r r = O O O O 0 O Co o 0 o 0 O O f0 M O N rn M rn n M O O N M r r% 7 O O M n N I� r N M In o a `o N . a Y � c N Q- (D Q a - O) C d a c c N N as N to _ C)- c O LL L N 0 0 T a Q E Cl) U a ( C 2 J r s O O s E N c c .. O o 2 c E c o N — N a a t 3 O s o vo r Y v O Q C Q+ N E N V U > O U aV> U CY N N Q N O f6 U 0 0 fN 0 O (Y) C N Vl a ! Vl % U f0 T O N O f 0 Q Q O O a o a a N Q H Z CC d d d Y a 7M007 N O O O 0 0 O O O In O O O O O In O O O 0 0 0 t �a O O OOVn O O O O co O O O Oco0 V) O N O 00 O O O O m0 f0 O O 00 O O O O O O 00 f0 U Lf� Lf� n O N V) V) V) It V) O O V) M V O LO co cC V I- n V 7 N 7 N I: N 7 c 7 r In co r 3 O LL N N L N O � N N N z M T O N Q co N N f0 O U N otf E [0 .N c p; , o i 1i Q N N c(U O Q_ > N N � 0H y H O N E N U t U Q M y E L U C O U> °'S N N W a N f>0 2 ° N O N j Z Z ID N N O O "" N N E C O 0 � N f0 O U °� o B O M O H 0- ? ° ° o 0 LLL c a w � - a O � -° cc N o m o m � 5 2 k @ cr ac � f � / \ k E a / \ ID 8 C-) \ R w r- LO r r \ w �\ r r kk � 2 LO 0 a 66 C6 cli Tr f L Tr Tr )m cli 2 / z cl � ~ ( k a LL csl—, m C3 R% -- -- - - k� & Q \ \ C, $ co cl ( LL LL LL \ D 04 0 \ §\ \ \ /) \ § w k r § / J ® LU 0 e § d § ALL (D 2 \ f � / \ 2012 Contributions Please see the attached spreadsheet to coincide with the following background and recommendations. ECONOMIC A. Bravo! Colorado BACKGROUND INFORMATION: Bravo! Vail Valley Music Festival is requesting a total of $200,000: $80,000 each for the Philadelphia Orchestra and the New York Philharmonic — Vail Residency programs. Bravo! is also requesting $15,000 for the Music Matters Education and Outreach Program, and $25,000 for the 25th Anniversary programs. An in -kind contribution is requested for 50 parking spaces per concert on the Upper Bench lot plus the 15 Ford Park spaces they traditionally receive. STAFF RECOMMENDATION: Staff recommends funding at a total of $167,500, allocated to the following: $75,000 for each residency program and $17,500 for the 25th anniversary celebration concerts. Staff shifted funding of the Music Matters Education ($7,500 in 2011) over to the 25th anniversary, and overall this is an increase of funding of $10,000 from prior year. Staff is supporting the 25th anniversary celebration because it includes two special anniversary concert performances with acclaimed violinist and musical director Nadja Salerno- Sonnenberg and her 18 -piece chamber orchestra travelling from California. One of the special concerts features Ms.Salerno- Sonnenberg and the other features Bravo's Artistic Director, pianist Anne - McDermott. Historically, the Town of Vail has contributed funding to the New York Philharmonic and the Philadelphia Orchestra Tier 1 programs. The cultural benefit to the Town of Vail and the tourist attraction of this event are major factors in staff's recommendation for funding. B. Bravo! Family Concert (National Repertory Orchestra) BACKGROUND INFORMATION: The Orchestra is requesting $2,000 to offset travel expenses associated with their annual concert in Vail. Each season, they perform a free family concert at the Ford Amphitheatre in conjunction with Bravo!. STAFF RECOMMENDATION: Staff recommends funding at $1,000 (same as the 2011 contribution) based on the cultural benefit to the town and the potential increase in drive traffic from the Summit area. C. Vail Farmer's Market BACKGROUND INFORMATION: Vail Farmer's Market is requesting $5,000 of in -kind value to cover the cost of services provided by the Town of Vail during the events, and $5,000 cash to cover the cost of traffic control. The Commission on Special Events (CSE) funded $44,000 toward the Farmer's Market in 2011. STAFF RECOMMENDATION: Staff recommends funding in -kind of $4,500 (same level as 2011) which will be included in the town's operating budget. Staff recommends consolidating the cash request with the funding provided by the CSE, as was done for 2010 and 2011. 10/18/2(� 4 3 -1 -34 D. Vail Jazz Foundation BACKGROUND INFORMATION: The Vail Jazz Foundation is requesting $60,000 to fund all 25 performances presented in Vail over the course of the summer, including the Jazz at Vail Square concert series (9 concerts) from July through Labor Day weekend, the Vail Jazz Party during Labor Day weekend (7 sessions), and 9 free summer concerts at Solaris at the Vail Farmers' Market. The Vail Jazz Foundation commits to raising $30,000 of matching funds to continue to upgrade the market series. STAFF RECOMMENDATION: Staff recommends the same funding as 2011 at $50,600 (which was an increase of 65% from 2010), with $20,000 of that coming from the Marketing Fund (business license revenue). While this music festival continues to grow and has become an iconic event, the town's budget cannot support an increase in funding. E. Colorado Ski Museum BACKGROUND INFORMATION: The museum is requesting cash of $75,000 for general operating costs and in -kind of $9,000 (rent subsidy), 2 gold parking passes, 2 blue parking passes, 4 hours per month of IT support and complimentary use of the LionsHead Welcome Center's community room. STAFF RECOMMENDATION: Staff recommends funding the in -kind request for subsidized rent ($9,000) and a cash contribution of $42,000 (for a total contribution of $51,000). This is flat with 2011. The town's IT staff is stretched very thin and cannot accommodate the request for IT support. Programming for the LionsHead Welcome Center has not been finalized as yet, so it is difficult to commit complimentary use. Two blue passes are given to the museum as a part of their lease for the facility. The budget cannot support the new request for an additional four parking passes. F. Vail Valley Foundation (VVF) BACKGROUND INFORMATION: The Foundation is requesting $103,150 of cash funding and $26,300 of in -kind for entertainment programs and winter events. (Street Beat; Vail International Dance Festival and Hot Summer Nights, Birds of Prey, and the American Ski Classic). In addition, the VVF is requesting $175,000 cash and $25,000 of in -kind funding for the US Pro - cycling Challenge. There are two requests relating to the 2015 World Alpine Ski Championships: $250,000 annual commitment (2nd of 5 year commitment) for the overall championships and $375,000 annual commitment (1 St of 4 year commitment) for the Nations Team Event to be held at Golden Peak. STAFF RECOMMENDATION: Staff recommends funding the in -kind requests for the special events, although limits the Birds of Prey in -kind to $10,000 ($13,000 requested), and those costs will be built into the town's 2012 operating budget. Staff also recommends cash funding at the same level as 2011: $25,650 toward Street Beat; $45,000 to the Vail International Dance Festival; $24,525 toward Hot Summer Nights, and $5,000 for the American Ski Classic for a total of $100,175. Staff supports the UCI 2.1 Pro - Cycling event, the 2015 World Alpine Championships and the Nations Team Event and recommends funding $100,000 from the Vail Local Marketing District for the Pro - cycling Challenge, contingent upon a concert at the Ford Amphitheater. The remaining funds will need to come from the General Fund reserves, as the town's annual operating budget cannot absorb that level of expense. 10/18/2( 1 3 -I -35 G. Vail Chamber & Business Association (VCBA) BACKGROUND INFORMATION: The VCBA is requesting $20,000 to expand the Premier Impressions Program to six -weeks in duration to encompass both winter (December- March) and summer seasons (July /August). The new programming assumes 300 $50 Vail- branded gift cards would be awarded, and to contain costs the end of season awards reception would be eliminated. STAFF RECOMMENDATION: While the intent of the Premier Impressions coincides with Council goals, staff is concerned about the future of this program and acknowledges there are other programs addressing the same goals. Only 105 gift cards were awarded in 2011, with much of the cash funding going toward the end of the season party. The Premier Impressions proposed 2012 budget plans for 300 gift cards, increased advertising and promotional efforts, and increased management fees. Staff is also concerned with the Chamber's financial stability upon review of their balance sheet and limited representation within the business community (approximately 25% of Vail businesses). In addition, the Vail Valley Partnership provides a program on a fee basis that meets a similar guest services objective for Vail businesses and both the Town of Vail and Vail Resorts sponsor rewards programs for employees exhibiting excellent customer service. H. Vail Symposium BACKGROUND INFORMATION: The Vail Symposium is requesting $75,000 to help fund both a winter series and summer seminar. The winter series will include four speakers. The summer seminar consists of a new, three -day event called "The Vail Summit on Health and Wellness" to include approximately 18 speakers covering four thematic field such as sports medicine and fitness, the business of medicine, women's health issues and alternative medicine. STAFF RECOMMENDATION: Staff recommends funding of $25,000 along with marketing support from the Vail Local Marketing District contingent upon a detailed list of confirmed speakers and matching grants for the remaining $50,000. The Symposium receives $4,500 annually from the Town of Vail Library for the Adventure Speaker series. I. Vail's 501h Anniversary BACKGROUND INFORMATION: Highline Sports & Entertainment has been selected to produce an 18 -month marketing, PR and event activation program to celebrate and promote Vail's 501h Anniversary. The cross - community team planning this celebration is requesting $500,000 from the Town of Vail to contribute to the $3.8 million in estimated costs. STAFF RECOMMENDATION: As the town's annual operating budget cannot absorb this amount of expense, staff recommends funding $250,000 out of General Fund reserves until a more firm plan for the celebration is developed. This includes $30,000 for the Pioneer Days event and $20,000 in Colorado Ski Museum activities. As a solid plan develops, we may recommend additional funding at that time. J. Commission on Special Events (CSE) BACKGROUND INFORMATION: The CSE is requesting funding for various events, totaling $1,061,800: $836,800 for existing events, $150,000 for a new three -day outdoor adventure style event during Memorial Day weekend and $75,000 for the Teva Winter Games (February 9 -12). 10/18/2� 3 -I -36 STAFF RECOMMENDATION: Staff recommends the $836,800 funding, flat with prior year as directed to all town departmental budgets. This includes $45,000 for the World Climbing event during the Mountain Games. It may be premature to recommend funding for the new event at $150,000 (there are no existing events funded at this level), and staff recommends funding the Teva Winter Games out of the current annual CSE budget. An additional $54,117 of staffing & related expense is currently included in the town's 2012 operating budget. The entire CSE budget is part of the Economic Development Department of the town K. Taste of Vail Lamb and Apres Cook -off BACKGROUND INFORMATION: The Taste of Vail is requesting in -kind services for the Lamb Cook -off for trash and recycling services. STAFF RECOMMENDATION: Staff recommends funding this in -kind request for event visitors only (food vendors must provide their own trash cans), with an estimated at a cost of $2,500. The Taste of Vail received $20,000 of cash funding from the CSE in 2011. L. Eagle Valley Land Trust BACKGROUND INFORMATION: The Eagle Valley Land Trust is requesting either 2 blue parking passes or $2,000 cash contribution to help fund the stewardship of four open space parcels within the town. STAFF RECOMMENDATION: Because the annual site visit occurs during the summer, staff does not recommend funding either the cash or parking pass. M. Eagle County Loan Fund (ECLF) / Home Buyer Assistance BACKGROUND INFORMATION: The ECLF is requesting $5,000 in funding to be used for down payment assistance loans. These loans are available for employees within Eagle County to purchase deed restricted units. STAFF RECOMMENDATION: The ECLF received $5,000 from the Vail Local Housing Authority in 2009 and $15,000 in 2010. Staff recommends that the ECLF continue working with the Vail Local Housing Authority as a more appropriate resource for those funds. EDUCATIONAL N. Eagle Valley Childcare (EVC) BACKGROUND INFORMATION: The EVC has requested $48,000 of funding for 2012 to subsidize Town of Vail childcare. STAFF RECOMMENDATION: Because the town is a founding partner, staff recommends funding $45,000 (same amount as 2011). This childcare provider is an important service used by town employees. 10/18/2� 3 -I -37 O. Summit Films: Vail 501h DVD "In the Spirit of the Founders" BACKGROUND INFORMATION: Summit Films is requesting the final installment of $10,000, from a three -year request ($15,000 has already been funded by the town). These funds are being used for the production of a two hour DVD set documenting the first fifty years of Vail. To date approximately $195,000 has been committed to this project from other donors, including a $150,000 commitment from Vail Resorts. STAFF RECOMMENDATION: Staff recommends funding $10,000 for 2012. Because the town could not commit funds beyond the current fiscal year, staff required Summit Films to apply for annual funding for each year. This endeavor is the first of several celebrations that the town intends to participate in for Vail's 501h anniversary and we look forward to the results of this project. P. Bright Future Foundation BACKGROUND INFORMATION: The Bright Future Foundation is requesting $4,000 to help fund a county- specific training summit in Vail, with an estimated 100 attendees. The summit is designed to enhance multidisciplinary responses to crimes involving domestic violence and sexual assault. STAFF RECOMMENDATION: While this is a valuable program, staff does not feel this is an appropriate use of taxpayer funds. This organization already receives some funding from property taxes collected within Vail. Q. Reach Out and Read Colorado BACKGROUND INFORMATION: Reach Out and Read is requesting $2,500 of funding to support their programming and purchase of books. During wellness visits, pediatricians work with low - income parents of children aged 6 months to 5 years and stresses to the parents the importance of reading in the home prior to kindergarten. A book is given to the child at each visit to encourage home learning. STAFF RECOMMENDATION: While this is a valuable program, staff does not feel this is an appropriate use of taxpayer funds. The Vail Library has established children's programming for local families. R. Early Childhood Partners BACKGROUND INFORMATION: Early Childhood Partners is requesting $8,250 to fund a 12 -week "Incredible Years Parenting Class" to be held in Vail, which provides the tools to help parents build a more positive relationship with their children, develop more effective discipline and help kids grow and learn at their highest potential. STAFF RECOMMENDATION: While this is a valuable program, staff does not feel this is an appropriate use of taxpayer funds. 10/1 8/2� i 3 -I -38 RECREATIONAL S. Ski & Snowboard Club of Vail BACKGROUND INFORMATION: The Ski & Snowboard Club of Vail has requested in -kind funding of $5,285 for 4 days of ice for their annual Ski & Snowboard Swap event to be held at the end of October, 2012. STAFF RECOMMENDATION: Staff recommends funding this in -kind request for two days (out of four requested) with appropriate approval and coordination with the Vail Recreation District. The Ski & Snowboard Club will be responsible for hard costs for use of the Dobson Arena such as set -up, tear -down, cleaning and utilities. Two days are recommended at this time because the town is currently recruiting participatory sporting events and may need to use some of our allocated days to offset costs for those groups. However, if there are enough available days remaining prior to this event, staff recommends providing the full amount of days (days will be released by August 1, 2012). T. Vail Valley Medical Center Volunteer Corps (VVMC) BACKGROUND INFORMATION: The VVMC is requesting in -kind funding for 300 parking vouchers for the Spring Fashion Show & Luncheon event on Friday, March 30, 2012. STAFF RECOMMENDATION: This request has always been granted, however with the day of the event on a Friday in March, staff is very concerned that even if coupons are given out, the event participants may not even find a parking space. In addition, the potential impact to parking revenue is much greater on a Friday than on a different weekday, or a date in April. If the VVMC can reschedule this event, staff would be willing to accommodate this request. U. Vail Junior Hockey Association BACKGROUND INFORMATION: The Vail Junior Hockey Assn. is requesting $15,391 in -kind funding including $11,891 for 9 days of ice (3 weekends during November, 2012) and $3,500 for use of the Donovan Pavilion in the spring of 2012 for an End of Hockey Season Gathering for volunteers, sponsors, parents, and players. In addition, they are requesting free or reduced parking in the LionsHead Parking Structure for the 3rd weekend of the tournament (scheduled for November 16 -18). STAFF RECOMMENDATION: Staff recommends providing 5 days of ice time (out of 9 requested), subject to approval and coordination with the Vail Recreation District for the ice time. Staff recommends waiving the fee for Donovan Pavilion, contingent upon approval and coordination with the Donovan Management Company regarding availability. However, the Hockey Assn. will be responsible for hard costs for use of the Dobson Arena and Donovan Pavilion such as set -up, tear - down, cleaning and utilities. The reduced days relate to the town's need for ice time as mentioned in item "S ". However, if there are enough available days remaining prior to this event, staff recommends providing the full amount of days. The parking request is estimated at a cost of $8,625. Staff does not recommend funding this request as the budget cannot support an increase from the prior year's contribution. 10/ 18/20 3 -I -39 V. Skating Club of Vail BACKGROUND INFORMATION: The Skating Club of Vail has requested in -kind funding of $11,891 for 9 days of ice for two separate competitions (31 st Annual Vail Invitational Championships and the 91" Annual Vail Mountain Fun Skating Competition) July 11 -15, 2012 and the Holiday Ice Shows in late December, 2012). STAFF RECOMMENDATION: Staff recommends providing 5 days of ice time (out of 9 requested) subject to approval and coordination with the Vail Recreation District. The Skating Club will be responsible for hard costs for use of the Dobson Arena such as set -up, tear -down, cleaning and utilities. The reduced days relate to the town's need for ice time as mentioned in item "S ". However, if there are enough available days remaining prior to this event, staff recommends providing the full amount of days (days will be released by August 1 ") W. Special Olympics BACKGROUND INFORMATION: The Special Olympics is requesting in -kind funding of $1,050 for a total of 42 parking vouchers for volunteers who train the athletes on Sundays spanning January through the end of the season. STAFF RECOMMENDATION: Staff recommends funding this in -kind request, for the LionsHead parking structure only, with one -time entry /exit coupons (total of 42). X. Vail Valley Athlete Commission (see backup for item F) BACKGROUND INFORMATION: The Athlete Commission is requesting a $6,000 cash contribution to support local athletes. The athletes are also funded by the Vail Valley Foundation and Vail Resorts. STAFF RECOMMENDATION: Staff recommends funding this request at $6,000 (flat with 2009, 2010 and 2011) in support of our athletes and for the international exposure for the Town of Vail. Y. Foresight Ski Guides BACKGROUND INFORMATION: Foresight Ski Guides is requesting three parking passes for the Vail Village parking structure for January — April 2012 and November /December 2012. Foresight provides parking to volunteer guides, half of which drive from Denver. Local guides usually take public transportation and /or carpool. Foresight provides challenging recreation opportunities to visually impaired participants and guides, including the Colorado School for the Blind and soldiers blinded in Iraq and Afghanistan. STAFF RECOMMENDATION: Staff recommends providing two blue passes, restricted to the LionsHead parking structure, as was approved in 2010 and 2011. The budget cannot sustain an increased parking request. Z. SOS Outreach BACKGROUND INFORMATION: SOS Outreach is requesting 35 parking vouchers to be used by program coordinators hauling gear to and from the mountain for the winter skiing and snowboarding programs for underserved youth. 10/18/2(�Y 3 -1 -40 STAFF RECOMMENDATION: While this is a valuable program, the town's operating budget cannot sustain an increased parking request. AA. Vail Sports Commission (VSC) BACKGROUND INFORMATION: Vail Sports Commission is requesting $47,500 to help fund men's and women's hockey tournaments, golf tournaments, a Master's Nordic racing event, the recruitment of the NHL Officials Convention, recruitment of a NCAA hockey event and recruitment of NCAA Soccer High Altitude Training; $12,000 of the amount requested would be used for administrative expense, and $6,500 for direct marketing expenses. STAFF RECOMMENDATION: Staff recommends that the Sports Commission approach the CSE for the hockey, golf and Nordic events, and approach the Vail Local Marketing District (VLMD) Advisory Council to review the merit of funding the recruitment of NHL Officials Convention to determine if it fits within the group business segment. The VLMD also funds the recruitment of participatory sports through the Vail Valley Partnership. ARRANGEMENTS & AGREEMENTS AB. Vail Valley Community TV / Channel 5 BACKGROUND INFORMATION: Channel 5 is requesting a portion of the franchise fee the Town of Vail receives annually from Comcast. In 2011 this amount was budgeted at $70,000. Channel 5 is also requesting another $10,000 for capital improvements. STAFF RECOMMENDATION: Staff recommends funding the franchise fee at 30 %, estimated at $70,000. Staff recommends funding $4,000 of the $10,000 requested within the 2011 capital budget for the streaming video of Council meetings. REAL ESTATE TRANSFER TAX FUND AC. Betty Ford Alpine Gardens BACKGROUND INFORMATION: The Alpine Garden Foundation is requesting funding of $100,000 for general operating, education programs and conservation expenses. They are also requesting $20,000 to complete the repairs needed to the main water feature and two designated spaces in the Ford Park parking lot. The Garden hosts thousands of visitors per year and has achieved World - premier status as a high altitude garden. STAFF RECOMMENDATION: Staff recommends funding operating expenses at $55,620, flat with 2011 funding. The Gardens will be provided Ford Park spaces for summer as in prior years. It may be premature to allocate funds for capital improvements pending the outcome of the Conference Center ballot question, as the Gardens may benefit from a new entry should voters approve the use of funds. 10/ 1 8/2(� i 3 -1 -41 AD. Eagle River Watershed BACKGROUND INFORMATION: The Eagle River Watershed is requesting $77,500 of funding. Of this request, $25,000 relates to the maintenance and monitoring of the Black Gore Creek, $20,000 for the Gore Creek Water Quality Improvement Plan, $15,500 for general operating support, $7,500 of public outreach /information, $7,500 for collaborative action monitoring with other local municipalities and $2,000 for Clean Up events. STAFF RECOMMENDATION: Staff recommends funding of $50,000, flat with 2011. This includes $10,000 (20 %) for general operations, $20,000 for the Water Quality Improvement Plan, and $20,000 for both sediment - source monitoring and bio- monitoring of the Gore / Black Gore Creek. AE. Eagle Valley Alliance for Sustainability BACKGROUND INFORMATION: The Alliance is requesting $10,000 to help fund and promote various environmental programs that benefit the Town of Vail, including the community garden in West Vail, recycling outreach and education, the annual E -Waste event and energy events /programs. 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LL Q Q a> p d a> a> O pO .N Ll .0 m i U 41 W .-. U U U O 'N6 p_ U6 N T =_ •U d E C d LL 7 O E N '0 C CU LOj O c tU z tU LL d i0 2 0 N Y N N N 41 'C O C N 41 C E Q C a N C E R LL d C N 41 L O c O N 'c 41 N 01 R .. N N y N O ill 01 W C tU C LO 00 W C C IL IL d O O >> C U 41 J 0 N C N d d N R r2 O N .O O N N '6 .0 U O Y Y C.7 > C N C LT W 00 41 ¢ H U N N E Q C C U> O Ll C ~ '6 '6 d d 'C 'C 'C C Q tU L CL a C W L N LNj Y i U Q O> N N >j Q C YO LT LL H N N A in U U Q U Q Q U U W U Ln W N _ U O U c cU Ln N Q CY Z W LL N 7 E C 01 "6 L L O O 0 9.0 a N C p 41 R 0 CU U '� '� N 9 a L C 5 E R 3 U 9 R ns L_ C y > cU Y Ln (11 41 m m O O m m > IL >>> IL IL O C7 J Q p O F 41 O C7 O C7 O ❑ O LL O T } ('j N O Z F N Z O O d F O F O H N d m C W O N O M TOWN OF VAIL 2012 BUDGET SUMMARY OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE VAIL MARKETING FUND 10/18/2011 -34- 3-1-48 2010 2011 2011 2012 Actual Budget Amended Proposed Comments Revenue Business Licenses $ 314,452 $ 317,000 $ 332,000 $ 332,000 Earnings on Investments 1,083 - - 3,000 Total Revenue 315,535 317,000 332,000 335,000 Expenditures Commission on Special Events / Grants 268,000 300,000 300,000 300,000 Collection Fee - General Fund 15,723 16,100 17,100 17,100 Fee paid to General Fund Total Expenditures 283,723 316,100 317,100 317,100 Revenue Over (Under) Expenditures 17,900 31,812 900 14,900 Beginning Fund Balance 106,359 127,759 106,359 121,259 Ending Fund Balance $ 139,159 $ 138,171 $ 128,659 $ 121,259 10/18/2011 -34- 3-1-48 TOWN OF VAIL 2012 BUDGET SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE DEBT SERVICE FUND Other Financing Sources (Uses) Proceeds of Refunding Bonds Payments to Refunded Bonds Escrow Total Other Financing Sources (Uses) Beginning Fund Balance 189,428 194,282 194,173 Ending Fund Balance $ 194,282 $ 194,173 $ 1,244 10/18/201 1 -35- 3-1-49 2010 2011 2012 Actual Forecast Proposed Comments Revenue Transfer from Capital Projects Fund $ 2,273,957 $ 2,279,572 $ 2,088,346 Earnings on Investments and Other 4,728 5,000 - Total Revenue 2,278,685 2,284,572 2,088,346 Expenditures Principal 2,035,000 2,115,000 2,195,000 Final year of debt service payments Interest Expense 238,331 165,681 82,275 Fiscal Agent Fees 500 4,000 4,000 Refunding Bonds Issuance Costs Total Expenditures 2,273,831 2,284,681 2,281,275 Revenue Over (Under) Expenditures (192,929) 4,854 (109) Other Financing Sources (Uses) Proceeds of Refunding Bonds Payments to Refunded Bonds Escrow Total Other Financing Sources (Uses) Beginning Fund Balance 189,428 194,282 194,173 Ending Fund Balance $ 194,282 $ 194,173 $ 1,244 10/18/201 1 -35- 3-1-49 TOWN OF VAIL 2012 BUDGET SUMMARY OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE HEAVY EQUIPMENT FUND Revenue Town of Vail Interagency Charge Insurance Reimbursements & Other Earnings on Investments Equipment Sales and Trade -ins Total Revenue Expenditures Salaries & Benefits Operating, Maintenance & Contracts Capital Outlay Total Expenditures 2010 2011 2011 2012 Actual Budget Amended Proposed Comments $ 2,789,389 $ 2,694,081 $ 2,694,081 $ 2,892,362 Based on fuel increase 46,372 - - 10,159 10,324 10,324 10,324 121,734 203,550 203,550 65,500 Relates to replacement schedule 2,967,654 2,907,955 2,907,955 2,968,186 941,579 960,739 960,739 1,175,656 1,225,190 1,225,190 941,615 1,007,872 1,148,288 3,058,850 3,193,801 3,334,217 996,016 1,412,095 Based on fuel increase and parts pricing 389,144 Based on replacement schedule 2,797,255 Revenue Over (Under) Expenditures (91,196) (285,846) (426,262) 170,931 Beginning Fund Balance 2,343,601 2,064,852 2,252,405 1,826,143 Ending Fund Balance $ 2,252,405 $ 1,779,006 $ 1,826,143 $ 1,997,074 10/18/2011 -36- 3-1-50 TOWN OF VAIL 2012 BUDGET SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE DISPATCH SERVICES FUND 10/18/2011 -37- 3-1-51 2011 2010 Original 2011 2012 Actual Budget Amended Proposed Comments Revenue E911 Board Revenue $ 750,440 743,656 743,656 742,256 Interagency Charges 1,158,151 1,214,925 1,214,925 1,177,061 Town of Vail Interagency Charge 520,411 537,827 537,827 575,706 7% increase to TOV based on call volume Earnings on Investments 6,735 7,500 7,500 7,500 Federal Grant - - - - Other 15,741 - - Total Revenue 2,451,478 2,503,908 2,503,908 2,502,523 Expenditures Salaries & Benefits 1,702,928 1,849,958 1,849,958 1,881,204 Operating, Maintenance & Contracts 463,094 519,006 519,006 514,001 Capital Outlay 43,571 800,000 870,000 50,000 2011: voice logger system Total Expenditures 2,209,593 3,168,964 3,238,964 2,445,205 Revenue Over (Under) Expenditures 57,318 241,885 (665,056) (735,056) Beginning Fund Balance 1,290,681 1,245,538 1,532,566 1,819,594 Ending Fund Balance $ 1,876,912 $ 1,532,566 $ 580,482 $ 797,510 10/18/2011 -37- 3-1-51 TOWN OF VAIL 2012 BUDGET SUMMARY OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE CONFERENCE CENTER FUND 2010 2011 2012 Actual Budget Proposed Comments Revenue Earnings on Investments 40,350 46,800 46,800 Total Revenue 40,350 46,800 46,800 Expenditures - General Government Marketing Expense Management Fee General Supplies and meetings Capital Outlay Debt Service Total Expenditures Revenue Over (Under) Expenditures Beginning Fund Balance Ending Fund Balance 40,350 46,800 46,800 9,324,654 9,365,004 9,411,804 $9,365,004 $ 9,411,804 $ 9,458,604 10/18/2011 3 -1 -52 May change based on outcome of ballot question TOWN OF VAIL 2012 BUDGET SUMMARY OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE HEALTH INSURANCE FUND Revenue Town of Vail Interagency Charge - Premiums Employee Contributions Insurer Proceeds Earnings on Investments Total Revenue Expenditures Health Inusrance Premiums Claims Paid Short -term Disability Pay Professional Fees Total Expenditures Revenue Over (Under) Expenditures Beginning Fund Balance Ending Fund Balance 2010 2011 2012 Actual Forecast Proposed Comments $ 2,540,066 $ 2,565,000 $ 2,725,000 6% increase to departments 353,022 410,000 435,000 6% increase to employees 680,429 270,000 500,000 Reimbursement for individual claims over 3,701,496 3,405,000 3,805,000 $75,000 5,934 10,000 10,000 3,579,451 3,255,000 3,670,000 367,094 360,000 430,000 Increase due to stop loss policy change 3,278,644 2,990,000 3,330,000 Conservative estimate of activity 35,758 35,000 25,000 20,000 20,000 20,000 3,701,496 3,405,000 3,805,000 (122,045) (150,000) (135,000) 1,121,164 999,119 849,119 $ 999,119 $ 849,119 $ 714,119 10/18/2011 -39- 3 -I -53 ORDINANCE NO. 21 SERIES OF 2011 ANNUAL APPROPRIATION ORDINANCE: ADOPTING A BUDGET AND FINANCIAL PLAN AND MAKING APPROPRIATIONS TO PAY THE COSTS, EXPENSES, AND LIABILITIES OF THE TOWN OF VAIL, COLORADO, FOR ITS FISCAL YEAR JANUARY 1, 2012 THROUGH DECEMBER 31, 2012 WHEREAS, in accordance with Article IX of the Charter of the Town of Vail, Colorado, the Town Manager prepared and submitted to the Town Council a proposed long -range capital program for the Town and a proposed budget and financial plan for all Town funds and activities for the fiscal year; and WHEREAS, it is necessary for the Town Council to adopt a budget and financial plan for the 2012 fiscal year, to make appropriations for the amounts specified in the budget; and NOW, THEREFORE, be it ordained by the Town Council of the Town of Vail, Colorado, that: 1. The procedures prescribed in Article IX of the Charter of the Town of Vail, Colorado, for the enactment hereof, have been fulfilled. 2. Pursuant to Article IX of the Charter, the Town Council hereby makes the following annual appropriations for the Town of Vail, Colorado, for its fiscal year beginning on the first day of January, 2012, and ending on the 31" day of December, 2012: FUND AMOUNT General Fund 30,088,465 Capital Projects Fund 15,075,374 Real Estate Transfer Tax Fund 5,653,946 Vail Marketing Fund 317,100 Debt Service Fund 2,281,275 Heavy Equipment Fund 2,797,255 Health Insurance Fund 3,805,000 Dispatch Services Fund 2,445,205 Total 62,463,620 Less Interfund Transfers (8,576,542) =Net Budget 53,887,078 Ordinance No. 21, Series of 2011 10/18/2011 3 -1 -54 3. The Town Council hereby adopts the full and complete Budget and Financial Plan for the 2012 fiscal year for the Town of Vail, Colorado, which are incorporated by reference herein and made part hereof, and copies of said public records shall be made available to the public in the Municipal Building of the Town. This Ordinance shall take effect five (5) days after publication following the final passage hereof. 4. If any part, section, subsection, sentence, clause or phrase of this ordinance is for any reason held to be invalid, such decision shall not affect the validity of the remaining portions of this ordinance; and the Town Council hereby declares it would have passed this ordinance, and each part, section, subsection, sentence, clause or phrase thereof, regardless of the fact that any one or more parts, sections, subsections, sentences, clauses or phrases be declared invalid. 5. The Town Council hereby finds, determines, and declares that this ordinance is necessary and proper for the health, safety, and welfare of the Town of Vail and the inhabitants thereof. 6. The repeal or the repeal and reenactment of any provision of the Municipal Code of the Town of Vail as provided in this ordinance shall not affect any right which has accrued, any duty imposed, any violation that occurred prior to the effective date hereof, any prosecution commenced, nor any other action or proceedings as commenced under or by virtue of the provision repealed or repealed and reenacted. The repeal of any provision hereby shall not revive any provision or any ordinance previously repealed or superseded unless expressly stated herein. 7. All bylaws, orders, resolutions, and ordinances, or parts thereof, inconsistent herewith are repealed to the extent only of such inconsistency. This repealer shall not be construed to revise any bylaw, order, resolution, or ordinance, or part thereof, theretofore repealed. INTRODUCED, READ ON FIRST READING, APPROVED AND ORDERED PUBLISHED ONCE IN FULL, this 18th day of October, 2011. A public hearing shall be held hereon on the 1 st day of November, 2011, at 6:00 pm at the regular meeting of the Town Council of the Town of Vail, Colorado, in the Municipal Building of the Town. Dick Cleveland, Mayor ATTEST: Lorelei Donaldson, Town Clerk Ordinance No. 21, Series of 2011 10/18/2011 3 -1 -55 TOM OF vn' i0> VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: October 18, 2011 ITEM /TOPIC: Information Update and Attachments (placeholder): 1) Lionshead Welcome Center Community Space: Request for Proposals (RFP), included in Council's packet is a proposed RFP for the third level community space in the Lionshead Parking Structure. Please provide staff with any input or direction as it relates to this RFP. Staff would like to proceed with release of this RFP as soon as Friday, October 21, 2011; 2) VEAC Minutes for October 11, 2011; 3) August 2011 All Store Same Store Sales Report; 4) Summer Parking Wrap Up; and 5) Lift Tax Letter from VRI and memo. PRESENTER(S): Various ATTACHMENTS: LH Welcome Center Community Space VEAC Minutes 081111 Vail All Same Store Summer Managed Parking Lift Tax VRI Letter Lift Tax Memo 10/18/2011 REQUEST FOR PROPOSALS Management and Operating Contractor for Community Facilities REQUESTED BY TOWN OF VAIL Lionshead Welcome Center Community Space (LH Welcome Center Community Space) 75 SOUTH FRONTAGE ROAD VAI L, CO 81657 October 12, 2011 > 10/18/2011 4 -1 -I Request for Proposals Management and Operating Contractor for Community Facilities October 12, 2011 The Town of Vail desires to contract the services of an individual, company or partnership (The Contractor) for the management, operation and marketing of the LH Welcome Center Community Space located at 395 East Lionshead Circle, Vail Colorado. Generally, the responsibilities of this position will include the development of a business and marketing plan for the facility, bookings and reservations, programming and non - capital building maintenance. An additional and optional service for liquor sales will be considered by the Town for inclusion in this contract. Specific duties and obligations are listed below. The town acknowledges it does not possess the background and /or knowledge to describe the full range of services required to manage, operate and market a facility of this nature. The duties and obligations listed herein are to be considered a general guide for the full scope of services being requested. As part of the submitted response to this Request for Proposal, the Contractor will provide a validation of working assumptions. The town desires to resolve conflicting goals and refine service parameters. Primary contact with the Town of Vail shall be Pam Brandmeyer, Assistant Town Manager, 75 South Frontage Road, Vail, CO 81657; 970.479.2113; pbrandmeyer @vailgov.com. Project Program The LH Welcome Center Community Space is intended to function as a multi -use community gathering space. The facility will be used for presentations, speakers and seminars; private parties, weddings, receptions and memorials; social, school and club meetings and activities; special town government meetings and events; neighborhood meetings and events; and non - specialized recreational activities. Other included facilities consist of amenities within existing established public parks. Description of facilities: 1300+ SF LH Welcome Center Community Space a. Main level — includes all access -only spaces i. Restrooms ii. Janitor Closet iii. IT Closet iv. Coat Closet v. Bar Storage vi. Entry Vestibule 2 10/18/2011 4 -1 -2 vii. Outdoor Balcony and Terrace 500 SF viii. Table and Chairs Storage off open deck area b. Small Catering Pantry i. Equipment provided by town 1. Ice maker - TBD 2. Coffee maker — may be supplied by distributor /coffee supplier - TBD 3. 3 compartment sink 4. Stainless steal countertop 5. Hand sink Furnishings and equipment provided by Town of Vail 1. Sufficient stacking chairs and folding tables to accommodate the indoor seating capacities listed below. 2. Podium c. Seating capacity i. Indoor table seating capacity 80 ii. Indoor conference seating capacity 120 -140 iii. Cocktail party /standing capacity 150 d. Covered Parking adjacent to Community Space in the Lionshead Parking structure will be on a first come, first served basis. Paid parking for events, when needed, will not be compt. Programming and Operating Assumptions The town desires the LH Welcome Center Community Space become a revenue - generating /breakeven public facility while still being available to local citizens and local non - profit groups at an affordable and reasonable cost. Generally, the town believes the revenue generated during peak weekend and holiday hours can offset the low -cost availability of the facility during the week. Compensation: Contractor compensation for services provided will be based on a portion of Gross Revenue. The town desires the Contractor to be profitable. The town anticipates its own annual operating costs to be approximately $75,000 annually. This cost includes snow removal, maintenance of building systems, property insurance, cleaning, and replacement of basic furnishings, fixtures, equipment, and utilities. Generally the town anticipates receiving percentages from various revenue sources such as equipment and space rentals, etc., and to share in a portion of gross revenues. Respondent to propose a business model outlining his /her fixed costs and required management fee, incorporating coverage of the town's costs, anticipated variable costs and revenue projections for consideration by the town. Facility Use Rates: The following rate information is provided as a guide to identify the town's goals and intent. The Contractor will be required to establish and submit an annual 3 10/18/2011 4 -1 -3 rate schedule for approval by the town. Miscellaneous fees, furnishings and equipment included, and deposits are to be determined. The rate schedule should include the following suggested rates: 1. Special events — Free events, subject to availability. Town sponsored events cannot displace other scheduled events. Reservations are first - come, first served. The Contractor cannot give community space away. 2. Vail resident discount — residents, property owners, and dues and fees based Vail nonprofits (50% discount) 3. Peak rate schedule — Memorial Day weekend — September 30 and November 16 — one week past close of Vail Mountain. A mandatory damage deposit for all events will be collected. Samples of potential uses: a. Event /Full Block (8 hrs.) b. Event /Partial Block (4 hrs.) c. Week Days d. Weekends (Fri., Sat., Sun.) e. Morning vs. Afternoon 4. If liquor is served, additional fees will apply. 5. Off -peak rate schedule — Oct 1 — Nov 15 and Close of Mountain — Thursday before Memorial Day. Must follow Town of Vail Complimentary Discounted Use Policy (Attachment A) a. Samples of potential uses: i. Event /Full Block ii. Event /Partial Block iii. Week Days iv. Weekends (Fri., Sat., Sun v. Morning vs. Afternoon Description of Scope of Work The selected contractor will be able to clearly demonstrate the ability to provide the following services in a professional and competent manner. The intent of the town is to enter into a three year contract with an option to renew. Duties and Obligations: 1. Business Plan: a. Long term document submitted at the initiation of the contract. b. Establishes how the operation will be managed. c. Plan includes: i. Executive summary ii. Company summary, if applicable iii. Services iv. Market analysis summary v. Strategy and implementation summary vi. Management summary vii. Financial plan including projections for breaking even and realizing profit. viii. Rate schedule to be approved by Council. 4 10/18/2011 4 -1 -4 2. Marketing Plan: a. Annually submitted document, consistent with business plan. b. Monthly sales report submittal required. c. Plan includes: i. Marketplace analysis ii. Target customers iii. Goals iv. Strategies and tactics v. Budget 3. Programming: a. Establish and communicate policies and procedures to users and oversee the compliance of same. b. Scheduling, reservations /bookings, rental contracts for community space Includes check -in, check -out, set -up, monitoring, inspections and deposits. c. Management personnel will be on site for every event. 4. Building maintenance a. Contractor's responsibility i. Janitorial, window cleaning, floor mats, carpet and floor cleaning /maintenance, trash removal service. ii. Restroom and pantry supplies. iii. Minor building maintenance (lamping, interior finish touch up, annual /semi - annual based on overall use, etc) b. Town Responsibilities: i. Major interior building maintenance (electrical, mechanical, repainting, refurbishing and remodeling) will be provided by the town. ii. Exterior building maintenance, snow removal and landscape maintenance will be provided by the town. 5. Operator shall be able to provide insurance coverage and indemnification in amounts required by the Town of Vail including, but not limited to: a. Indemnification b. Insurance c. Comprehensive General Liability and Automobile Liability d. Worker's compensation e. Taxes, Licenses, Liens and Fees Form of Submittal Respondents are requested to submit the following information. 1. Narrative letter of interest and intent identifying individuals, business and partnerships responding to this Request for Proposals. 2. Summary Business Plan. 3. Summary Marketing Plan. 4. Statement of all services included in the proposal. 5. Financial Plan included cost, revenue and profit projections. 5 10/18/2011 4 -1 -5 6. Background information, resumes and experience of all individuals, businesses and partnership included in the proposal. 7. A minimum of 3 professional references with phone and mail contact information. Proposals submitted shall be in an 8 1/2" x 11" format. The primary respondent with contact information shall be identified on the front cover of the submittal. Submittal of Qualifications Address all submittals (12 sets) to the attention of: Town of Vail Attn: Pam Brandmeyer 75 South Frontage Road Vail, CO 81657 Address all questions regarding this RFP to: Pam Brandmeyer Assistant Town Manager Town of Vail 75 South Frontage Road Vail, CO 81657 Phone: (970) 479 -2113 Fax: (970) 479 -2157 Email: pbrandmeyer @vailgov.com The deadline for submittals is November 7, 2011 at noon. A selection committee of a sitting Town Council member, a community member and town staff will then review all submittals and schedule interviews. The final selection of the Contractor will be made following the interview /presentation. The following target dates constitute the anticipated schedule for the selection. Oct. 21, 2011 Release RFP Nov. 7, 2011 (NOON) Proposal responses due Nov. 14, 2011 Interviews scheduled (week of) Dec. 6, 2011 Town Council approval of LH Welcome Center Community Space selection or authorization to proceed with contract negotiations. The town anticipates occupancy of the LH Welcome Center Community Space no later than January 2012. General Conditions 1. Limitations and Award: This RFP does not commit the Town of Vail to award or contract, nor to pay any costs incurred in the preparation and submission 6 10/18/2011 4 -1 -6 of qualifications in anticipation of a contract. The Town of Vail reserves the right to accept or reject all or any submittal received as a result of this request, to negotiate with all qualified sources or to cancel all or part of the RFP. After a priority listing of the final firms is established, the Town of Vail will negotiate a contract with the first priority firm. If negotiations cannot be successfully completed with the first priority firm, negotiations could be formally terminated and will be initiated with the second most qualified firm if desired. 2. Selection: Initial evaluation will be based upon the qualifications of the applicant. The Town of Vail reserves the right to not interview, and to make final consultant selection based upon the proposal submittals. 3. Equal Employment Opportunity: The respondent will not discriminate against any employee or applicant for employment because of race, color, religion, sex or national origin. End of Request for Proposals 10/18/2011 4 -1 -7 ATTACHMENT A DISCOUNTED USE CATEGORIES FOR USE ON MONDAY THROUGH THURSDAY Eliaibilitv for Discounted Use will be based on the followina criteria: 1) Is the sponsoring organization physically based in Vail? ( +) 2) Does the sponsoring organization collect dues for membership in their organization? ( -) 3) Does the sponsoring organization exist on contributions only? ( +) 4) Is the sponsoring organization a civic or social services organization? ( +) 5) Will the sponsoring organization charge a fee for admission to the function? ( -) 6) Is the function a regular meeting ( -) or a special event ( +)? 7) Is the function "civic" in nature? ( +) 8) Is a more appropriate space available? ( -) 9) Direct Vail benefit? ( +) 10) Meet Council mission? ( +) 11) If fundraiser, the benefiting organization must be present. ( +) VAI L- BASED: DISCOUNTED USE 50% OFF PRICE Dues /fee -based Vail Public Schools (Except where budget exists) (BMHS, VSSA, RSES) TOV- sponsored events for the public (i.e. speaker series, presentations, meetings $250 FEE $300 SECURITY DEPOSIT READ VCBA VVP Vail Ski & Snowboard Club Vail Mountain School Children's Garden of Learning Vail Symposium Vail /Eagle Junior Hockey Club Vail Jazz Foundation Vail Mountain Search & Rescue Eagle Valley Alliance for Sustainability VV Rotary Club Religious Organizations Vail -based Events (i.e. Vail Gay Ski Week, Bravo! Music Festival, etc.) EAGLE COUNTY -BASED 50% OFF PRICE Donation -based The Youth Foundation Snowboard Outreach Society Walking Mountains The Literacy Project Resource Center Salvation Army 8 10/18/2011 4 -1 -8 25% OFF PRICE Dues /fee based Ducks Unlimited Friends of the Dance Elk Foundation Trout Unlimited Food Resource Center Humane Society Eagle Valley Community Fund Habitat for Humanity Vail Valley Community Fund PAGE 2 — COMP. USE POLICY EAGLE COUNTY -BASED 50% OFF PRICE Donation -based (cont.) Meet the Wilderness Eagle River Watershed Council Eagle County School District Stone Creek Charter Freedom Park Eagle Valley High School (EVHS) Vail Academy St. Claire's Vail Christian High School GOVERNMENTAL AGENCIES Should be quoted with regard to office location (i.e., Vail, Eagle County location). Exception to policy approved through TOV Asst. Town Manager's office only. BEREAVEMENT RATES Vail residents — Complimentary use if individual resided in Town of Vail for five consecutive years; based on availability Eagle County residents — 50% off Eagle County resident rate Independent fundraising initiatives for imminent terminal diagnosis /patients who are residents: 5 -yr Vail resident; case -by -case basis; M -Th only: $250 /sec. dep. BOOKING PERIOD All groups will be allowed to book the Pavilion at a discounted rate 30 days prior to the function date. TOWN COUNCIL COMPLIMENTARY DAYS Council will be allotted 10 complimentary days during Peak dates, and 20 complimentary days during non -Peak dates. Organizations not meeting the above criteria will be brought to Town Council for approval. COMMITTEE REVIEW The TOV Pavilion committee will review each request for reduced usage on a case -by -case basis. COMPLIMENTARY /REDUCED USE FEES 9 10/18/2011 4 -1 -9 Groups receiving complimentary or discounted use of the facility will receive a written rental agreement with the following information listed: Facility fee: $250.00 Security deposit: $300.00 (Refundable) Tax exempt status All alcohol security fees and guidelines will apply for events with alcoholic beverages All other groups qualifying for reduced use will receive a written rental agreement Identifying a 50% or 25% discount off the seasonal fee for such use. This applies for Monday- Sunday usage of the Pavilion. >0 10/18/2011 4 -1 -10 Vail Economic Advisory Council (VEAC) October 11, 2011 MEETING NOTES • VEAC Members Present: Rayla Kundolf; Greg Moffet; Rob LeVine; Pam Stenmark; Michael Kurz; Matt Morgan; Brian Nolan; Steve Kaufman; Bob McNichols; Bob Boselli; Kristin Kenney Williams (for Chris Jarnot) • Others Present: Jim Lamont; Chris Romer; Dick Cleveland; Mike Glass; Ludwig Kurz; Robin Litt • TOV Staff Present: Town Manager Stan Zemler; Finance Director Judy Camp; Economic Development Manager Kelli McDonald • Citizen Group Meeting Announcement: Dick Cleveland announced the formation of a citizen's group in favor of the Conference Center Funds ballot initiative. The first meeting is scheduled for Wednesday, October 12 at 7:00 a.m. at the Vail Chophouse. Interested citizens are encouraged to attend. • Vail Group Sales Update: Chris Romer of the Vail Valley Partnership gave an update on group sales efforts on behalf of Vail. The goal is to effectively sell Vail as a groups and meetings destination. Strategies are to increase presence in Denver, Chicago and Dallas; explore opportunities in Atlanta, Florida and Minneapolis; increase opportunities for continuing medical education conferences and participatory sports and events and continue successful in- market customer events and travel /tradeshow schedules. Colorado represents 2/3 of the groups and meetings business in Vail with the remaining 1/3 split between Midwest, West and Northeast regions. The type of business is split fairly evenly between Associations, Corporations, Sports & Events and CME & SMERF. Results to date are relatively flat with the previous 2 years. There are investigative reporters from Channel 4 & 7 inquiring about recent conferences held in Vail by Colorado Health and Human Services and Colorado Municipal League. These two organizations along with the trade industry groups will handle the inquiries. Romer discussed the valley -wide effort to recruit sporting events. VEAC members asked Romer to better communicate groups coming to town in spring and fall so stores and restaurants can remain open and offer a better guest experience. The 45 -day occupancy report provides daily occupancy data as well for this purpose. The committee agreed that the USA Pro Cycling Challenge was a boost to Vail in terms of brand exposure and residual effects and long -term economic impact. They would like to see the event continue to have the Time Trial stage in Vail and to consider additional ancillary events to keep people in town longer and for more overnight stays. Neighboring Business Reports: VEAC members reported that businesses they spoke with in town had a good summer and are anticipating another strong winter season. Specifically, Lionshead retail shops and restaurants reported very good business; Bridge Street retail was slightly up and Solaris business was very good; Solaris retailers have noticed more customers in late evening now that Matsuhisa is open; Meadow Drive restaurants and retail shops reported business up and felt that Four Seasons and the Sebastian /Frost changed the customer mix and that events brought business in. Gore Creek retailers and restaurants reported very good summer results and attribute it to the redevelopment and more international guests this summer from South America, Mexico and Australia. Lionshead lodges had a good summer and felt that the Four Seasons helped overall lodging. Members felt that Fridays were busier this year as well. They recommended a more consistent schedule for Street Beat in 2012. The Town Manager reported that Council is considering not funding the event next year. Staff recommended a flat budget for 2012 Council Contributions to events but 10/18/2011 4 -2 -1 many events are lobbying Council for additional funding. He also reported that the 2012 budget did not pass first reading on October 4 and will be revisited on October 18. Town Manager Report: Zemler reported that Vail Valley Medical Center and Steadman /Philippon Clinic and Foundation are in discussions with the town on a joint development project on the current municipal site. Steadman /Philippon is a significant economic generator to the Town of Vail. An item will be on the October 18 Council agenda regarding discussion of $100,000 for additional studies on the project. Funding for the project would likely be certificates of participation (C.O.P.'s), a type of bond using the facility as collateral and not requiring a TABOR election. Moffet asked what 1 mill on a $1 million home would cost the homeowner. Camp responded approximately $80 annually. However, she added, a new mill levy would not be needed to fund the potential project since the Town of Vail will be debt free in 2012. Timber Ridge secured HUD financing with conditions that affect the original agreement. The town is working on a concept over the next several weeks to redevelop the eastern half of the property and sell the western half to present to Council. In 2012 Timber Ridge will likely show a negative cash flow. The Lionshead Welcome Center will be complete by the end of the year and has community space on the third floor of 1,500 square feet. The Library will receive a $2 million phased remodel that will be reflected in the 2012 capital budget to be approved at the next two Council meetings. If the conference center fund ballot issue passes in the November 8 election this will create additional capital projects for the town. The Council will vote on October 18 on the adoption of a new master plan which would affect the Ever Vail proposed development. Rob LeVine reported that the Lion Square Lodge east building remodel will begin soon and that the Antlers owners agreed to an additional remodel. He indicated the new properties have raised the bar. Financial Reports: Camp reported sales tax collections for the month of August at $1.3 million are up 11.3% vs. 2010 attributed to a month full of events as well as a somewhat improving economy, completion of Vail's Renewal and good weather. Lodging showed the largest increase at 27% including the impact of new properties — Four Seasons, Ritz Carlton Residences and Solaris. The Food and Beverage category was up for the month by 13.3% and Retail was up 8.2 %. Overall, August collections are the second highest in history, following a record July. For the summer season to date (May — August) sales tax collections are up 13% vs. last year, but not quite back to pre - recession levels reached in 2008. Bob Boselli requested a report on the impact of the new stores in redeveloped properties for retail and restaurant categories. • Lodging Report: McDonald reviewed the MTRiP reports showing September 2011 occupancy was up 3.3% with Average Daily Rate up .3% over 2010. October is pacing behind last year at this time by 16.5 %, but November, December and January are pacing ahead. She reminded the group that these reports are posted on the Economic Development Office web page of www.vailgov.com • Citizen Input: None • Other Business: Kundolf informed the committee of an event at Masters Gallery Friday evening from 5:00 — 9:00 p.m. to benefit the Red Ribbon Project. • Next Meeting: The next meeting is scheduled for Tuesday, November 8 at The Antlers. 10/18/2011 4 -2 -2 Town of Vail - Sales Summary Summer 2011, as of 8131111 This monthly Sales Tax Collection Summary provides both graphic and brief supporting narrative summaries of sales tax collections in the Town of Vail. It is prepared monthly by town staff in conjunction with MTRIP, and is intended to provide summary information for town management, Town Council, the Vail Economic Advisory Council (VEAL), and Vail Local Marketing District Advisory Council (VLMDAC). 1. Series One is an "All Store" series of sales tax collections from all businesses. The report series is best used to evaluate total sales activity for the current season, compared to last season, and is broken down by both geographic and business segments. 2. Series Two is a "Same Store" fixed set of select businesses (see table below), using gross sales revenue, and is best used to compare the performance of a fixed set of established businesses. 3. Series Three is a Comparison of Set One and Set Two, and can be used to compare and contrast the initial two sets. Comparisons between the two are based on percentage change year over year, thereby mitigating the fact that Series One-All Store is based on sales tax collections and Series Two —Same Store is based on gross sales. All Report sets are further broken down by Geographical subset and by Business Segment. Reports compare current season -to -date results against the previous season, where "Summer" is November — April, and Non - Summer is May — October. Note: For purposes of the Series Two "Same Store" comparison, the following businesses are included in their respective sets: The report is produced by the Town of Vail Economic Development Office, with data provided by the Town of Vail Finance Department, and is prepared by MTRIP, the Mountain Travel Research Program. For further information, please contact: Kelli McDonald, Town of Vail Ecok6kiPb6velopment Manager ( 970. 479.2454, kmcdonald @vailgov.com). 4 -3 -1 LODGING RETAIL RESTAURANT VAIL VILLAGE Austria Haus American Ski Exchange Blu's Gasthoff Gramshammer Blitz La Tour Lodge at Vail Colorado Footwear Red Lion Mountain Haus Golden Bear Russell's Sonnenalp Gorsuch Sweet Basil Vail Mountain Lodge Roxy Vendettas LIONSHEAD Antlers Charlie's T- Shirts Bart & Yeti's Destination Resorts Double Diamond Billy's Lift House Lions Head Jewelers Garfinkel's Lion Square Swedish Clog Cabin Les Delices De France Marriott Vail Ski Bike Tech Moe's Montaneros Vail T -Shirt Montauk The report is produced by the Town of Vail Economic Development Office, with data provided by the Town of Vail Finance Department, and is prepared by MTRIP, the Mountain Travel Research Program. For further information, please contact: Kelli McDonald, Town of Vail Ecok6kiPb6velopment Manager ( 970. 479.2454, kmcdonald @vailgov.com). 4 -3 -1 Series 1: Town of Vail - Sales Summary Summer 2011, as of 8131111 ALL STORE report for Summer 2011 (May 11 thru Oct 11) ACTUALS BY MONTH "All Store" Sales Tax Collections Summer 2011 vs. Summer 2010 $380,000 VV Retail VV Lodges VV Restaurants LH Retail LH Lodges LH Restaurants $330.000 — — — — — — — — — — — — — — — — — — — — — an e 0$Ch +S— r- er2010 $280.000 — — — — — — — — — — — — — — — — - - -- fSur- r- er2011 — — — — — $230.000 — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — ° $180,000 – –– – – –– –– –– $130,000 —— — — — —— — —— — — — — — — — — — — — — — — — — — — — — — — — y 580.000 — — — — — — — — — — 530,000 —— —— —— — — — — —# - 520,000 •/ o-o- +_ M J J A M J J A M J J A M J J A M J J A M J J A Month (Year-over -year % change shown above month labels) 50% U 40' ~ J_ U 10e: a o% 60% ro 40% 20% d o °r -20% n -40% -s0% SEASON -TO -DATE CHANGE "All Store" Sales Tax Collections Summer 2011 vs. Summer 2010 Retail Lodges MONTHLY CHANGE All Store" Sales Tax Collections s�rmmo.)All — s—mor)ntn Restaurants VV Retail VV Lodges VV LH Retail LH Lodges LH Restaurants Restaurants May, June, July and August 2011 sales tax collections were up in all sector /location groups, except for declines for LH restaurants in all months except July. Summer total sales tax collections to date (thru August) are UP for: • VV retail • LH retail • VV lodges • LH Lodges • VV restaurants Summer total sales tax collections to date are DOWN for: • LH restaurants August sales tax collections were UP for: • VV retail • VV lodges • VV restaurants • LH retail • LH lodges Au ust sales tax collections were DOWN for: • LH restaurants The report is produced by the Town of Vail Economic Development Office, with data provided by the Town of Vail Finance Department, and is prepared by MTRiP, the Mountain Travel Research Program. For further information, please contact: Kelli McDonald, Town of Vail Ecokbkii`b6velopment Manager ( 970. 479.2454, kmcdonald @vailgov.com). 4 -3 -2 M May Jun Jul o Aug .Summer Total VV Retail VV Lodges VV LH Retail LH Lodges LH Restaurants Restaurants May, June, July and August 2011 sales tax collections were up in all sector /location groups, except for declines for LH restaurants in all months except July. Summer total sales tax collections to date (thru August) are UP for: • VV retail • LH retail • VV lodges • LH Lodges • VV restaurants Summer total sales tax collections to date are DOWN for: • LH restaurants August sales tax collections were UP for: • VV retail • VV lodges • VV restaurants • LH retail • LH lodges Au ust sales tax collections were DOWN for: • LH restaurants The report is produced by the Town of Vail Economic Development Office, with data provided by the Town of Vail Finance Department, and is prepared by MTRiP, the Mountain Travel Research Program. For further information, please contact: Kelli McDonald, Town of Vail Ecokbkii`b6velopment Manager ( 970. 479.2454, kmcdonald @vailgov.com). 4 -3 -2 Series 2: Town of Vail - Sales Summary Summer 2011, as of 8131111 SAME STORE report for Summer 2011 (May 11 thru Oct 11) 52,900.000 VV Retail O $Change 52.400.000 +Summer 2010 — — — — ————————————— — Summer2011 — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — ACTUALS BY MONTH "Same Store" Gross Sales Summer 2011 vs. Summer 2010 ui- „ S1,900.000 0 51.400.000 E !' S900.000 $400,000 VVILH Combined Vail Village 11 Lion,head - $100,000 M J J A M J J A M J J A M J J A M J J A M J J A Month (Year- over -year % change shown above month labels) No 20` E 1''' Pn a 10`,5 U 5 °'0 W I= 20% 1oi 0% v -10% n -20% SEASON -TO -DATE CHANGE "Same Store" Gross Sales Summer 2011 vs. Summer 2010 Retail Lodges Restaurants MONTHLY CHANGE 'Same Stare' Grass Sales Summer 2011 vs. Summer 2010 VV Retail VV Lodges VV LH Retail LH Lodges LH Restaurants Restaurants "Same store" gross sales were mixed in August, after being largely up in July and June, and mixed in May. Summer total "same store" gross sales to date are UP for all location /sector groups, i.e.: • VV retail • LH retail • VV lodges • LH lodges • VV restaurants • LH restaurants August "same store" gross sales were UP for: • VV lodges • VV restaurants • LH retail • LH restaurants August "same store" gross sales were DOWN for: • VV retail • LH lodges The report is produced by the Town of Vail Economic Development Office, with data provided by the Town of Vail Finance Department, and is prepared by MTRiP, the Mountain Travel Research Program. For further information, please contact: Kelli McDonald, Town of Vail EcokbkiPb6velopment Manager ( 970. 479.2454, kmcdonaldkmcdonald @vailgov.com). 4 -3 -3 VVILH Combined Vail Village 11 Lion,head Retail Lodges Restaurants MONTHLY CHANGE 'Same Stare' Grass Sales Summer 2011 vs. Summer 2010 VV Retail VV Lodges VV LH Retail LH Lodges LH Restaurants Restaurants "Same store" gross sales were mixed in August, after being largely up in July and June, and mixed in May. Summer total "same store" gross sales to date are UP for all location /sector groups, i.e.: • VV retail • LH retail • VV lodges • LH lodges • VV restaurants • LH restaurants August "same store" gross sales were UP for: • VV lodges • VV restaurants • LH retail • LH restaurants August "same store" gross sales were DOWN for: • VV retail • LH lodges The report is produced by the Town of Vail Economic Development Office, with data provided by the Town of Vail Finance Department, and is prepared by MTRiP, the Mountain Travel Research Program. For further information, please contact: Kelli McDonald, Town of Vail EcokbkiPb6velopment Manager ( 970. 479.2454, kmcdonaldkmcdonald @vailgov.com). 4 -3 -3 Town of Vail - Sales Summary Summer 2011, as of 8131111 Series 3: COMPARISON: ALL STORE VS SAMES STORE for Summer 2011 (May 11 thru Oct 11) SEASON -TO -DATE CHANGE This summer to date, "same store" is outpacing "all .'All Store" vs. "Same Store" Summer2011 vs. Summer2010 store" for: 60 Retail Lodges Restaurants • LH retail • LH restaurants 60 ' °% By contrast, "same store" is trailing "all store" for: F • VV reta i I 2 0% • VV lodges - 0% • LH lodges -20% i • VV restaurants .q0% :ALLSTORE:Surn- 2011todate SAME STORE: Summer 2011 to date £0% VV-LH VV LH VV +LH VV LH VV +LH VV LH MONTHLY CHANGE: w+ LH COMBINED "All Store" vs. "Same Store" Summer 2011 vs. Summer 2010 Monthly detail — VV+ LH combined: Retail Lodging Restaurants • Retail: "Same store" trailed "all store" in May, 60% 60% June and August, but outpaced "all store" in July. • Lodging: "Same store" trailed "all store" in May, June, July and August. a 40% \ IT 2 °% • Restaurants: "Same store" trailed "all store" in - °` May, June, July and August. U Y -20% 40% :ALL STORE:% Change, 2011 vs. 2010 SAME STORE: %Change, 2011 vs. 2010 60% M J J A Tot. M J J A Tot. M J J A Tot. MONTHLY CHANGE: VAIL VILLAGE "All Store" vs. "Same Store" Summer 2011 vs. Summer 2010 Monthly detail — VV: 60% Vail Village Retail Vail Village Lodging Vail Village Restaurants • Retail: "Same store" trailed "all store" in May, $ June August, but "all in July. 60% and outpaced store" • Lodging: "Same store" trailed "all store" in May, 2 40% June, July and August. 2 0% • Restaurants: "Same store" trailed "all store" in - °% May, June, July and August. -20% -00% Q0 ALL STORE: % Change, 2011 vs. 2010 MSAME STORE: % Change, 2011 vs. 2010 -60% M J J A Tot. M J J A Tot. M J J A Tot. The report is produced by the Town of Vail Economic Development Office, with data provided by the Town of Vail Finance Department, and is prepared by MTRiP, the Mountain Travel Research Program. For further information, please contact: Kelli McDonald, Town of Vail Eco ib ZO velopment Manager ( 970. 479.2454, kmcdonald @vailgov.com). -+ 8c, ICI 2c, ICI GC,. Town of Vail - Sales Summary Summer 2011, as of 8131111 MONTHLY CHANGE:LIONSHEAD "All Store" vs. "Same Store" Summer 2011 vs. Summer 2010 Lionshead Retail Lionshead Lodging Lionshead Restaurants ezI F6 Ul —I FALL sTORP. %cnznge,2 - 2020 w q \ �snmesroRe. °iochango,zon�s.zom 4 M J J A Tot. M J J A Tot. M J J A Tot. Monthly detail — LH: • Retail: "Same store" outpaced "all store" in May, June, July and August. • Lodging: "Same store" trailed "all store" in May, July and August, but outpaced "all store" in June. • Restaurants: "Same store" outpaced "all store" in May, June, July and August. The report is produced by the Town of Vail Economic Development Office, with data provided by the Town of Vail Finance Department, and is prepared by MTRiP, the Mountain Travel Research Program. For further information, please contact: Kelli McDonald, Town of Vail Ecok6ii ii`b6velopment Manager ( 970. 479.2454, kmcdonald @vailgov.com). 4 -3 -5 TOWN OF 5 VAIL Memorandum TO: Vail Town Council FROM: Public Works Department DATE: October 18, 2011 SUBJECT: Summer special event managed parking I. SUMMARY The Vail Town Council at the June 6, 2011 meeting directed staff to manage summer parking similar to winter parking polices. The policy utilizes all available public spaces before overflow parking is released on the South Frontage Road. In addition, bus service was to be provided to shuttle guests to and from the special events. The purpose of this memo is to provide a recap of the policy and implementation. BACKGROUND In 2010, the town experienced 34 overflow days on the frontage road when only one of the structures filled. In reviewing the data there were many days where additional parking was available; however, it was not used. A managed parking plan was put in place with input from the various stakeholders and town staff, and the town council supplemented the budget to implement the plan. The plan consisted of information distribution, increased security and enforcement, and transit enhancements to provide express shuttles between venues and parking. A working group met every week and adjusted the calendar to ensure all events were covered and to keep pace with change s throughout the summer. The goals were to provide a seamless experience to the guests, determine the overall acceptance of park and bus to events, as well as determine the demand for summer parking. III. RESULTS Below are comparisons for 2010 and 2011. In addition included is the winter 2010 -2011 season. In 2010 the gates were working properly. In addition, there was heavy use by construction workers as construction was winding down on all the major projects as well as the hospital had shut its parking garage down for 2 -3 weeks in July. July 4th was the only major parking day. In 2011 we had two large days, July 4t" and the Pro Challenge. We did have mechanical problems with one counter in Lionshead which affects the numbers. Statistics Total days Summer 5/28 -9/30 Village transactions 2010 2011 2010 -2011 winter 119 119 158 251,197 237,420 343,396 Lionshead transactions 185,565 136,735 179,971 10/18/2011 4 -4 -1 Total transactions 436,762 374,155 523,367 2010 2011 2010- 2011winter Average Transactions /day 3670 3144 3373 Village Structure Filled Days N/A 18 16 South Frontage Road Days 34 10 7 Total number of S Frontage Road Cars 4853 3725 1675 Average Number of S Frontage Road Cars* 143 373 239 Maximum Number of S Frontage Road Cars 940 1037 393 Parking Number of Managed Days N/A 66 Ford Park Parking Number of Paid Days 38 42 N/A Ford Park Parking Number of Cars 8236 9208 N/A In 2009 we had a total of 20 frontage road days and -- -cars on the road. Transit It was estimated that we would have 54 managed days during 2011 summer. We actually had 66 managed days. We estimated we would run 1300 hours of service actual was 1759 hours of service. The service consisted of three buses being staged at Ford Park, Vail Village and Lionshead. This provided no less than a 5 minute wait for the next bus at any stop. For next year due to the program not being put in place until 6/14 we will have another 5 days of service. A total of 30,815 passengers were carried on the express bus service. The security was provided by a private company and enforcement by the Vail Police Department; 42 warnings and 138 citations were issued Information TechnologV Use of the Vail Resorts mobile application was provided to provide the status of the varies lots.. In addition, a micro website www.vailevetnparking.com was introduced and included a daily, weekly and monthly calendar indicating managed parking days. Budget to expenses It was estimated the program could cost as much as $ 162,000. The town was able to deliver the program for $ 101,000. The significant savings was in using little overtime due to a large contingent of bus drivers available for part time work in addition to parking Town of Vail 10/18/201 1 4 -4 -2 Page 2 personal. This may not always be the case in the future. We were not able to provide guest service hosts on a consistent basis. If hosts are wanted they may need to be paid as well. This cost is in addition to the current $249,000 we currently allocate to summer parking. We had difficulty providing adequate supervision on the parking side. In the summer we operate with two supervisors. They were stretched extremely thin as some of the managed parking lasted for nearly 16 hours on repetitive days while staffing was required seven days a week for normal parking operations. To successfully continue the program in the future we need to address shortfalls in our technical support. In the winter we operate with 2 parking equipment technicians. In the summer we rely on support from Denver on a contract basis. The reliance on the parking equipment to accurately determine lot counts and provide real time parking information is critical to our success. Town of Vail Page 3 10/ 18/2011 4 -4 -3 Town of Vail Page 4 4 -4 -4 Town of Vail Page 5 4 -4 -5 VAIL R whaSOR"111"S EXTitIkC3M INARY RE'S - OWTS o- E%,CEP9'SCNAL XPERILkLs-u July 25, 2011 Vail Town Council Town of Vail 75 South Frontage Road Vail, CO 81657 RE: Calculation of Vail Mountain Lift Revenue for Town of Vail 4% Assessment Dear Town Council Members, This letter is in response to your inquiry of how the 4% lift ticket assessment is calculated with respect to the variety of Vail Resorts lift access products currently available in the marketplace including our season pass programs. Additionally, the process as explained below is consistent with the process as documented in a letter to the Vail Town Council dated June 26, 2003 from Bill Jensen. Vail Resorts pays the Town of Vail a 4% assessment on all lift revenue generated on Vail Mountain including window ticket sales, internet sales, season pass sales (including revenue from the Epic, Epic 7, Colorado, Merchant Passes and various other pass products as further described below) as well as winter and summer sight - seeing rides. Revenue is recognized at the base of the mountain through our ticket scanning system. It is the policy of Vail Resorts that no individual may obtain access to the mountain without a valid ticket or pass product that is scanned at the base of the mountain. Every individual accessing Vail Mountain is scanned including employees, outside vendors, contractors and US Forest Service personnel. This policy is strictly enforced which ensures that the scanning process captures data on virtually every individual accessing any of our mountains. As each scan takes place, revenue recognition occurs based on the bar code or a RFID chip read on the product presented whether it is a paper lift ticket, season pass, employee /dependent pass or a Peaks Card with a direct -to -lift component attached to the bar code. The revenue recognized by the scanning equipment is the revenue that is associated with that particular lift access product. For example, a single day lift ticket sold at the ticket window would generate revenue recognition at the price the ticket was purchased at the window. A multi -day lift ticket would generate revenue recognized at the fractional component of the product purchased (i.e. daily revenue recognition would be calculated based on a three -, four- or five -clay ticket purchase price divided by the number of valid days for that product). 10/18/2011 4 -5 -1 In the case of season passes which include the Epic Pass, Epic 7, Colorado Pass and other pass products, season pass revenue recognition occurs when the pass is presented on each day of use. Because Vail Resorts season passes include multi -resort access, the revenue associated with each pass usage is credited to the resort where the pass is scanned. At the start of every season, Vail Resorts estimates the number of days of use each type of pass product will incur based on season pass usage history. As the season progresses, pass usage is monitored and adjustments are calculated based on actual usage by mountain. At the end of the season, final calculations are made based on total season pass usage by product category. Season pass revenue is calculated for each resort where pass usage occurred and adjustments are made within the general ledger to ensure that our financials properly mirror these calculations. These final adjustments are made in the month of April after the ski season ends. Generally, this "breakage calculation" represents approximately 2% of Vail Mountain's total lift revenue but does increase April lift revenue for the Town of Vail's assessment calculation. As a publicly traded company, Vail Resorts is subject to quarterly and annual reporting requirements to the Securities and Exchange Commission. Vail Resorts' annual financial statements are audited by PriceWaterhouseCoopers, LLP (PwC), an internationally recognized independent accounting firm. Vail Resorts has received clean audit opinions from PwC including conclusions that Vail Resorts' internal controls over financial reporting are operating effectively. Additionally, the US Forest Service {USFS) conducts periodic audits (generally every three years with the last audit being completed in April 2009) which include but are not limited to determining if Vail Resorts accurately reported sales by ski area. These examinations are conducted in accordance with the GAO Government Auditing Standards. The audits conducted by the USFS have resulted in no material adjustments. Vail Resorts has one of the most sophisticated lift access (ticketing and season pass) systems in the world. The philosophy of a multi- resort lift ticket or season pass has been beneficial from a marketing standpoint for Vail Resorts in a very competitive ski resort environment. This continues to further benefit the Town of Vail through overall increased skier visits and revenue. We are confident that the allocation of all revenues is consistent and appropriate based on individual products and their relative price and usage across all of our mountain properties. If I can be of further assistance, please feel free to contact me directly at 303 -404 -1930. Best 49P4�_�e Mark Schoppet Senior Vice President Controller and Chief Accounting Officer 10/18/2011 4 -5 -2 MEMORANDUM To: Town Council From: Judy Camp Date: March 31, 2011 Subject: Lift Tax History The lift tax was first imposed by ordinance in 1966 as an occupation and business tax on places of business operating a ski lift or ski tow. This was the same time a similar 2% occupation and business tax was imposed on lodges, restaurants, liquor stores and retailers. In May of 1992, the name of the tax was changed to Ski Area Lift Ticket Admissions Tax and the rate increased to 4 %. A May 22, 1992, letter from Vail Associates (VA) acknowledged the existing 2% tax and a voluntary 2% payment being made by the resort at that time. VA supported the increase in the tax to 4% based on their understanding the tax would support transportation systems. The ordinance enacting the tax, however, does not restrict the use of funds collected from the tax or reference transportation in any way. In 2003, with changes to the various lift access products made available by Vail Resorts, the town requested clarification concerning how the proper amount due the town was calculated. The attached memo from Bill Jensen outlines the process in effect at that time. Chris Jarnot has confirmed Vail Resorts' "practice of recognizing revenue for lift tickets and season passes has not changed fundamentally from what Bill described in his 2003 letter. Obviously, prices and products have changed, and we have continued to adjust our estimates of how many days different passes will be used based on what has actually occurred over time. We continue to true -up within the year based on what usage actually occurs so that Vail —and each of our resorts — recognizes it's accurate share of the overall pass revenue for passes used at the resort." Revenue Annual revenue from the lift tax reached a record high of $3,357,717 in 2010, an increase over the past five years of 21% from $2,777,698 recorded in 2005. Lift tax is consistently among the town's top five revenue sources, with sales tax, real estate transfer tax, parking and property tax ranking higher. Audit The town has never conducted a formal audit of lift tax collections, although by ordinance, we have the right to do so. As with sales tax, we rely on the taxpayer to be reporting accurately and question a tax return if it does not look reasonable. Audits are generally reserved for situations in which we have reason to believe the reporting and payments are incorrect or we are not comfortable with responses to questions of reasonability. Staff has no reason to believe the lift tax payments are not correct. However, with lift tax at $3.4 million, the fifth largest revenue source for the town representing 6% of total revenue, it may be considered prudent to conduct a lift tax audit. If an audit is pursued, staff recommends using an outside audit agency, Revenue Recovery Group, who are experts in tax audits and have conducted successful audits for us in the past. Their process is first to do an initial review or "discovery" to determine if they believe there is a basis to recover additional tax. The discovery period is five hours billed at $135 per hour or a total of $675 plus any out -of- pocket expenses. Following discovery, if the town decides to go 1 0/18/201 1 4 -6 -1 forward with a full audit, we are billed for the actual number of hours worked at $135 per hour plus out -of- pocket expenses. Although it is impossible to know at this time how long the audit may take and whether there will be significant out -of- pocket costs, staff does not expect this audit would cost any more than our most recent sales tax audit which was completed at a cost of approximately $9,200. 2 10/18/2011 4 -6 -2 rawH of vn' i0> VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: October 18, 2011 ITEM /TOPIC: Discussion of the draft CDOT lease for 2011 -2012 ski season and the town's on going agreement to make improvements to the frontage road to allow parking per the Council's direction. PRESENTER(S): Greg Hall ACTION REQUESTED OF COUNCIL: Provide feedback and direction for staff to finalize and execute the lease. BACKGROUND: The town and CDOT, for the past two years, have had lease agreements to allow any parking on the frontage roads which are owned by CDOT. The past lease required that the town and CDOT develop a plan to allow continued use of the frontage roads if specific improvements are completed. The Council reviewed the improvements at the September 15, 2011 meeting. The draft lease provides the documentaiton of the plan. STAFF RECOMMENDATION: There are some specific items which need to be further discussed with CDOT and the staff is looking for direction on these items as outlined in the cover memo. ATTACHMENTS: CDOT Draft Lease 101811 2011 -2012 Parking Lease Draft 092611 Frontage Road Parking Plan 10/18/2011 5 TOWN OF VAIL Memorandum TO: Vail Town Council FROM: Public Works Department DATE: October 18, 2011 SUBJECT: Draft CDOT frontage road lease I. SUMMARY The Town of Vail and CDOT will enter into a lease which lays out the expectations of each party regarding frontage road parking. Attached for review is the draft lease. The staff is requesting direction on the lease prior to execution of the lease. II. BACKGROUND The town and CDOT for the past two years have had lease agreements to allow any parking on the frontage roads which are owned by CDOT. The past lease required that the Town and CDOT develop a plan to allow continued use of the frontage roads if specific improvements are completed. The town council reviewed the plan and improvements at the September 15, 2011 meeting. The lease will document implementation of the plan. III. DISCUSSION Specific items which staff has identified in the lease which will need to be addressed before the Town Manager executes the lease are the following: Section Number 2 TERM The lease at this time only addresses winter parking and is silent to summer parking, we will stay with this format. Section Number 19 NO NEW PERMANENT STUCTURES OR IMPROVEMNTS The lease should state CDOT will not unreasonably hold approval of the improvements proposed by the Town if they meet the standards established and approved by CDOT and FHWA . Section Number 21 DEFAULT It may be beneficial if the town makes the improvements and if CDOT in the future defaults in continuing the lease the town is reimbursed the cost of the improvements 10/18/201 1 5 -1 -1 Section Number 23 ADDITIONAL PROVISIONS (a)the provision that adequate protections to pedestrians from moving vehicles will not be in place until the improvements are completed and this lease contemplates use of the frontage roads prior to these provision are in place it seems to be a contradiction (b) ii the completion date should read November 1 to allow no work during the summer months (b)iii Restriping coordinated with CDOT's annual striping of the frontage roads (b)vii This work was proposed for 2014 if it is to be constructed (c) This item should be changed to read parking will be allowed for the frequency allowed for in the parking improvement standards ass dictated by frequency of use. In addition the town should have the ability to approach CDOT in the future and provide the necessary improvements to change the status of the parking frequency of use. (d) A three year lease is unacceptable for securing parking based on the improvements provided. There had been discussions with regard to the use of the annual lease payment be made available for transportation improvements on the frontage roads. We would like to see this added to the lease. IV. ATTACHMENTS A Draft lease B Draft plan and maps Town of Vail Page 2 I0i18i201 I 5 -I -2 Town of Vail Page 3 1oilgiaoll 5 -1 -3 Town of Vail Page 4 1oilgiaoll 5 -1 -4 PROPERTY MGMT.NO. NO: PROJECT 170-2(7) 183 LOCATION: 1 -70 frontage roads within the limits of the Town of Vail. LEASE AGREEMENT (Vacant Land) Rev.3 /06 Page 1 of 9 10/18/201 1 5 -2 -1 and all other direct costs, charges and expenses of any kind whatsoever respecting the Premises shall be borne by Lessee and not by the Lessor so that the rental return to Lessor shall not be reduced, offset or diminished directly or indirectly by any cost or charge. Lessee shall maintain the Premises in good repair and in tenable condition free of trash and debris during the term of this Lease. Lessor shall have the right to enter the Premises at any time for the purpose of making necessary inspections. 8. LEASE ASSIGNMENT. Lessee shall not assign this Lease and shall not sublet the demised Premises without specific written permission of the Lessor and will not permit the use of said Premises to anyone, other than Lessee, its agents or employees, without the prior written consent of Lessor, except as is hereby authorized pursuant to Sections 23(b) and 23(c) below. 9. APPLICABLE LAW. The laws of the State of Colorado and rules and regulations issued pursuant thereto shall be applied in the interpretation, execution and enforcement of this Lease. Any provision of this Lease, whether or not incorporated herein by reference, which provides for arbitration by any extra- judicial body or person or which is otherwise in conflict with said laws, rules and regulations shall be considered null and void. Nothing contained in any provision incorporated herein by reference which purports to negate this or any other special provision in whole or in part shall be valid or enforceable or available in any action at law whether by way of compliant, defense or otherwise. Any provision rendered null and void by the operation of this provision will not invalidate the remainder of this Lease to the extent that this agreement is capable of execution. 10. CANCELLATION. Both parties understand that at any time before the scheduled expiration of the term of this Lease, Lessor has the right to cancel the lease without liability by giving Lessee 30 -day written notice of its intention to cancel the Lease. The notice shall be hand delivered, posted on the Premises, or sent to the Lessee, at the address of the Lessee contained herein by Certified Mail, return receipt requested. This Lease may also be canceled by the Lessee by giving the Lessor 30 -day written notice of its intent to do so. 11. COMPLETE AGREEMENT. This Lease, including all exhibits, supersedes any and all prior written or oral agreements and there are no covenants, conditions or agreements between the parties except as set forth herein. No prior or contemporaneous addition, deletion, or other amendment hereto shall have any force or affect whatsoever unless embodied herein in writing. No subsequent novation, renewal, addition, deletion or other amendment hereto shall have any force or effect unless embodied in a written contract executed and approved pursuant to the State Fiscal Rules. 12. CAPTIONS, CONSTRUCTION, AND LEASE EFFECT. The captions and headings used in this Lease are for identification only, and shall be disregarded in any construction of the lease provisions. All of the terms of this Lease shall inure to the benefit of and be binding upon the respective heirs, successors, and assigns of both the Lessor and the Lessee. If any provision of this Lease shall be determined to be invalid, illegal, or without force by a court of law or rendered so by legislative act then the remaining provisions of this Lease shall remain in full force and effect. Rev.3 /06 Page 2 of 9 10/18/2011 5 -2 -2 13. NO BENEFICIAL INTEREST. The signatories aver that to their knowledge, no state employee has any personal or beneficial interest whatsoever in the service or property described herein. 14. NO VIOLATION OF LAW. The Lessee shall not commit, nor permit the commission of, any act or thing, which shall be a violation of any ordinance of the municipality, City, County, or of any law of the State of Colorado or the United States. The Lessee shall not use the Premises for any manner, which shall constitute a nuisance or public annoyance. The signatories hereto aver that they are familiar with 18 -8 -301, et seq., (Bribery and Corrupt Influences) and 18 -8 -401, et seq., (Abuse of Public Office), C.R.S., as amended, and that no violation of such provisions is present. The signatories aver that to their knowledge, no state employee has any personal or beneficial interest whatsoever in the service or property described herein. 15. NOTICE. Any notice required or permitted by this Lease may be delivered in person or sent by registered or certified mail, return receipt requested, to the party at the address as hereinafter provided, and if sent by mail it shall be effective when posted in the U.S. Mail Depository with sufficient postage attached thereto: LESSOR: Colo. Dept. of Transportation Attn: Property Management Manager 15285 S. Golden Rd., Bldg. 47 Golden, Colorado 80401 at LESSEE: Town of Vail Attn: Town Manager 75 South Frontage Road Vail, Colorado 81657 Notice of change of address shall be treated as any other notice. The Lessee warrants that the address listed above is the Lessee's current mailing address and that the Lessee will notify the Lessor in writing of any changes in that address within ten (10) days of such change. INK law 16. HOLDING OVER. Lessee shall not occupy or use the Premises, nor allow any other party to occupy or use the Premises, after the expiration or sooner termination of this Lease. Lessee shall not become a Holdover Lessee or month -to -month tenant upon expiration or earlier termination of this Lease. 17. CHIEF ENGINEER'S APPROVAL. This Lease shall not be deemed valid until it has been approved by the Chief Engineer of the Colorado Department of Transportation and by the Lessee. 18. HAZARDOUS MATERIALS. The Lessee agrees to defend, indemnify and hold harmless the Lessor and any employees, agents, contractors, and officials of the Lessor against any and all damages, claims, liability, loss, fines or expenses, including attorney's fees and litigation costs, related to the presence, disposal, release or clean -up of any contaminants, hazardous materials or pollutants on, over, under, from or affecting the property subject to this Lease, which contaminants or hazardous materials the Lessee or its employees, agents, contractors, officials or sub - lessees have caused to be located, disposed, or released on the Premises. Lessee shall also be responsible for all damages, claims and liability to the soil, water, vegetation, buildings or personal property located thereon as well as any personal injury or property damage related to such contaminants or hazardous materials. 19. NO NEW PERMANENT STRUCTURES OR IMPROVEMENTS. No new permanent structures or improvements of any kind shall be erected or moved upon the Premises by Lessee without the express written prior permission of Lessor. Any such structure or improvement erected or moved upon the Premises without the express written consent of Lessor may be immediately removed by Lessor at the expense of Lessee. Further, any structures, improvements or items of any kind remaining on the Premises at the termination of the Lease will be considered abandoned by Lessee and may be immediately removed by Lessor at Lessee's expense. Rev.3 /06 Page 3 of 9 10/18/2011 5 -2 -3 20. BINDING AGREEMENT. This Lease shall be binding upon and inure to the benefit of the partners, heirs, executors, administrators, and successors of the respective parties hereto. 21. DEFAULT. If: (1) Lessee shall fail to pay any rent or other sum payable hereunder for a period of 10 days after the same is due; (2) Lessee shall fail to observe, keep or perform any of the other terms, agreements or conditions contained herein or in regulations to be observed or performed by Lessee and such default continues for a period of 30 days after notice by Lessor; (3) This Lease or any interest of Lessee hereunder shall be levied upon by any attachment or execution, then any such event shall constitute an event of default by Lessee. Upon the occurrence of any event of default by Lessee hereunder, Lessor may, at its option and without any further notice or demand, in addition to any other rights and remedies given hereunder or by law, do any of the following: (a) Lessor shall have the right, so long as such default continues, to give notice of termination to Lessee. On the date specified in such notice (which shall not be less than 3 days after the giving of such notice) this Lease shall terminate. (b) In the event of any such termination of this Lease, Lessor may then or at any time thereafter, re -enter the Premises and remove therefrom all persons and property and again repossess and enjoy the Premises, without prejudice to any other remedies that Lessor may have by reason of Lessee's default or of such termination. (c) The amount of damages which Lessor may recover in event of such termination shall include, without limitation, (1) the amount at the time of award of unpaid rental earned and other sums owed by Lessee to Lessor hereunder, as of the time of termination, together with interest thereon as provided in this Lease, (2) all legal expenses and other related costs incurred by Lessor following Lessee's default including reasonable attorneys' fees incurred in collecting any amount owed hereunder (3) any damages to the Premises beyond its present condition. (d) Upon Lessee's failure to remove its personal property from the Premises after the expiration of the term of this Lease, Lessor may in its sole discretion, without notice to or demand upon Lessee, remove, sell or dispose of any and all personal property located on the Premises. Lessee waives all claims for damages that may be caused by Lessor's removal of property as herein provided. 22. INSURANCE. (Revised 2006 per State Controller Requirements) (a) The Lessee shall obtain and maintain, at all times during the duration of this Lease, insurance in the kinds and amounts detailed below. The Lessee shall require any Contractor working for Lessee on the Premises to obtain like coverage. The following insurance requirements must be in effect during the entire term of the Lease. Lessee shall, at its sole cost and expense, obtain insurance on its inventory, equipment and all other personal property located on the Premises against loss resulting from fire, theft or other casualty. (b) Workers' Compensation Insurance as required by State statute, and Employer's Liability Insurance covering all employees acting within the course and scope of their employment and work on the activities authorized by this Lease in Paragraph 4. (c) Commercial General Liability Insurance written on ISO occurrence form CG 00 01 10/93 or equivalent, covering Premises operations, fire damage, independent Consultants, blanket contractual liability, personal injury, and advertising liability with minimum limits as follows: Rev.3 /06 Page 4 of 9 10/18/2011 5 -2 -4 $1,000,000 each occurrence; 2. $2,000,000 general aggregate; 3. $50,000 any one fire. If any aggregate limit is reduced below, $1,000,000 because of claims made or paid, the Lessee, or as applicable, its Contractor, shall immediately obtain additional insurance to restore the full aggregate limit and furnish to CDOT a certificate or other document satisfactory to CDOT showing compliance with this provision. AM (d) If any operations are anticipated that might in any way result in the creation of a pollution exposure, Lessee shall also provide Pollution Legal Liability Insurance with minimum limits of liability of $1,000,000 Each Claim and $1,000,000 Annual Aggregate. CDOT shall be named as an Additional Insured to the Pollution Legal Liability policy. The Policy shall be written on a Claims Made form, with an extended reporting period of at least two year following finalization of the Lease. (e) Umbrella or Excess Liability Insurance with minimum limits of $1,000,000. This policy shall become primary (drop down) in the event the primary Liability Policy limits are impaired or exhausted. The Policy shall be written on an Occurrence form and shall be following form of the primary. The following form Excess Liability shall include CDOT as an Additional Insured. ME (f) CDOT shall be named as Additional Insured on the Commercial General Liability Insurance policy. Coverage required by the Lease will be primary over any insurance or self- insurance program carried by the State of Colorado. (g) The Insurance shall include provisions preventing cancellation or non - renewal without at least 30 days prior notice to CDOT by certified mail to the address contained in this document. (h) The insurance policies related to the Lease shall include clauses stating that each carrier will waive all rights of recovery, under subrogation or otherwise, against CDOT, its agencies, institutions, organizations, officers, agents, employees and volunteers. (i) All policies evidencing the insurance coverage required hereunder shall be issued by insurance companies satisfactory to CDOT. (j) In order for this lease to be executed, the Lessee, or as applicable, its Contractor, shall provide certificates showing insurance coverage required by this Lease to CDOT prior to the execution of this lease. No later than 30 days prior to the expiration date of any such coverage, the Lessee or Contractor shall deliver to the Notice Address of CDOT certificates of insurance evidencing renewals thereof. At any time during the term of this Lease, CDOT may request in writing, and the Lessee or Contractor shall thereupon within 10 days supply to CDOT, evidence satisfactory to CDOT of compliance with the provisions of this section. Insurance coverage must be in effect or this lease is in default. (k) Notwithstanding subsection (a.) of this section, if the Lessee is a "public entity" within the meaning of the Colorado Governmental Immunity Act CRS 24 -10 -101, et sea., as amended ( "Act'), the Lessee shall at all times during the term of this Lease maintain only such liability insurance, by commercial policy or self- insurance, as is necessary to meet its liabilities under the Act. Upon request by CDOT, the Lessee shall show proof of such insurance satisfactory to CDOT. Public entity Lessees are not required to name CDOT as an Additional Insured. Rev.3 /06 Page 5 of 9 10/18/201 1 5 -2 -5 (1) If the Lessee engages a Contractor to act independently from the Lessee on the Premises, that Contractor shall be required to provide an endorsement naming CDOT as an Additional Insured on their Commercial General Liability, and Umbrella or Excess Liability policies. 23. ADDITIONAL PROVISIONS. (a) No parking shall be allowed in any area within the 1 -70 clear zone. Additionally, no parking shall be allowed in any area that lacks sufficient shoulder width to allow a parked vehicle to be located completely out of any adjacent travel lane and which does not provide adequate protections to pedestrians from moving vehicles. (b) Lessor and Lessee have been collaborating to develop and implement improvements to the frontage roads at standards which are acceptable to both CDOT and FHWA to provide safe operations for motorists and pedestrians. As a result, Lessor and Lessee agree that Lessee's use of the Premises during this lease term or any future lease shall be contingent upon Lessee, at no cost or expense to Lessor, completing the improvements described and within the timeframes described in this Section and depicted on Exhibit "B" attached hereto and incorporated herein by reference. i. Widening the north shoulder of the South Frontage Road from mileposts 176.3 to 177.0, together with the installation of curb and gutter from mileposts 176.5 to 177.0, all in accordance with the plans and specifications related to CDOT Special Use Permit #311046 -S. This work, labeled VAIL VALLEY DR — EAST FORD PARK on Exhibit "B ", shall be completed on or before January 1, 2012. vi. Installing parking lane improvements to the north frontage road from approximate milepost 173.5 to approximate milepost 173.82. This work, labeled SAFEWAY /CITY MARKET PARKING LANE IMPROVEMENTS on Exhibit "B ", shall be completed on or before September 1, 2013. Rev.3 /06 Page 6 of 9 10/18/2011 5 -2 -6 vii. Installing parking lane improvements to the north frontage road from approximate milepost 172.98 to approximate milepost 173.32. This work, labeled WEST VAIL NORTH PARKING LANE IMPROVEMENTS on Exhibit "B ", shall be completed on or before September 1, 2013. viii. Installing parking lane improvements to the north frontage road from approximate milepost 175.80 to approximate milepost 176.05. This work, labeled MIDDLE CREEK on Exhibit "B ", shall be completed on or before September 1, 2014. ix. Installing parking lane improvements along the north side of the south frontage road from approximate milepost 174.43 to approximate milepost 174.72 and along the south side of the south frontage road from approximate milepost 174.48 to approximate milepost 174.53. This work, labeled CASCADE on Exhibit "B ", shall be completed on or before September 1, 2014. (c) The parties agree that, in the event any of the improvements described in Section 23(b) above are deleted by mutual agreement between the parties, parking adjacent to the deleted areas will be prohibited and will not be included in future lease agreements. (d) In the event Lessee completes the installation of improvements described in Section 23(b) to the satisfaction of Lessor and FHWA and within the time described for each improvement, Lessee shall have an option to lease the premises for public parking for one (1) successive three (3) year term, subject to the terms and conditions to be negotiated by the parties prior to the commencement of said three (3) year term. (e) Lessee may issue a maximum of three - hundred (300) permits to parking patrons to allow parking during the term of this Lease. Vail may charge fees for said permits subject to the terms and conditions stated in Section 23(f) below; provided, however, that the issuance of such permits shall be made without any type of discrimination prohibited by the laws of the United States of America and /or the State of Colorado. Permit holders are not to be considered as sub - lessees under this Lease Agreement; no condition or restriction imposed or created by Lessee with respect to the issuance of such permits shall serve to lessen, sever or assign the duties, obligations, covenants, pledges and promises of Lessee as contained in this Lease. In the event this Lease is terminated prior to its expiration and Lessor retakes possession of the Premises, Lessor shall have no duty, obligation or liability with respect to the holder of any permit whose priviledges to utilize the parking permits are fundamentally revoked as a result of such Lease termination; all such liabilities shall remain with Lessee. (f) Lessee shall keep an accurate accounting of the actual fees it has collected for permits issued pursuant to Section 23(e) above. Lessee pledges to give Lessor a certified copy of such accounting within ten (10) days following the expiration or earlier termination of this Lease. In the event the sums collected by Lessee exceed $20,000, Lessee shall pay all such sums in excess of $20,000 to Lessor; said sums shall be due and payable by Lessee within thirty (30) days following the expiration or earlier termination of this Lease. (g) Lessee shall promptly notify CDOT each time Lessee's off - street parking facilities have exceeded capacity, thus causing overflow parking into the South Frontage Road right -of -way. Said notices shall include the date that overflow parking occurred. Rev.3 /06 Page 7 of 9 10/18/2011 5 -2 -7 (h) Lessee shall not use the Premises nor allow any other party to use the Premises for any purpose not specifically authorized by this Lease nor for any purpose prohibited by the State of Colorado and /or the FHWA. (i) Lessee shall not allow, nor cause to be allowed, parking within any clear zone area for 1 -70. Lessee shall, at no cost or expense to Lessor, cause any vehicle parked within any clear zone area to be immediately towed. over, under, through, across or adjacent to the Premises. (1) This Lease shall not be deemed valid unless it has been approved by the FHWA. imembb, IN WITNESS WHEREOF, the parties hereto have executed this lease agreement on the day and year first above written. ,Mbh, X LE SEE: STATE OF COUNTY( By (Name) Federal Tax Identification Number The foregoing instrument was subscribed and sworn to before me this _ day of by as of the Town of Vail. Witness my hand and official seal. My commission expires Address: Page 8of9 10/18/2011 5 -2 -8 Notary Public Rev.3 /06 ATTEST: Bernhardt K. Rasmussen, Chief Clerk LESSOR: COLORADO DEPARTMENT OF TRANSPORTATION TIMOTHY J. HARRIS, P.E. Chief Engineer Rev.3 /06 Page 9of9 10/18/2011 5 -2 -9 i V x 1 K f w i !: ,1.-0 . F i w . lllllvr ��• f �y ti n 0 N W� Q r� ^^w� w w r� V W n� O N w w Q O F-i .14 O O CIA O CIA O Mik (-A O LL] L n 0 00 O L-1 V 1 w 1� Wl O CIA w b ` VIII r, M rte, t+y t r" �k v� I,; W 1 , b ` VIII r, M rte, t+y t r" �k v� I,; W TOM OF vn' i0> VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: October 18, 2011 ITEM /TOPIC: The purpose of this worksession is to provide answers to some of the more commonly asked questions regarding historic preservation /landmark designation and receive direction from the Vail Town Council on whether the Town staff should pursue a public process with the community to discuss preserving and protecting historic structures and landmarks in Vail Village and implementing any regulatory tools that may be necessary to carry out the Town's development objectives. PRESENTER(S): George Ruther ACTION REQUESTED OF COUNCIL: Should Town staff pursue a public process with the community to discuss preserving and protecting historic structures and landmarks in Vail Village and implementing any regulatory tools that may be necessary to carry out the Town's development objectives? BACKGROUND: On February 18, 2009, the Vail Town Council adopted Resolution No. 23, Series of 2008, a resolution that provided for certain updates to the Vail Village Master Plan. One of the more significant updates to the plan was the addition of an objective recognizing the "historic" importance of architecture, structures, landmarks, plazas and features with the goal of preserving the existing character of Vail Village. Staff is prepared to move forward with action on this issue to instructed to do so by the Vail Town Council. STAFF RECOMMENDATION: The Community Development Department recommends the Vail Town Council instructs Town staff to puruse a public process aimed at addressing the issue of historic preservation and landmark designation in Vail Village, pursuant to the recommendations of the Vail Village Master Plan updated by the Vail Town Council in February of 2009. Staff believes that the most appropriate time to address this issue as when development pressures are low and when a more proactive approach to addressing the issue can be taken by the community. Addressing the issue proactively and in advance of increased development pressures ensures that when development activity increases, the expectations are clearly articulated and can be consistently applied. ATTACHMENTS: Town Council Memorandum 10/18/2011 TOWN OF 0) VAIL' Memorandum TO: Vail Town Council FROM: Community Development Department DATE: October 18, 2011 SUBJECT: Vail Village Historic Preservation /Landmark Designation Discussion I. PURPOSE The purpose of this worksession is to provide answers to some of the more commonly asked questions regarding historic preservation /landmark designation and receive direction from the Vail Town Council on whether the Town staff should pursue a public process with the community to discuss preserving and protecting historic structures and landmarks in Vail Village and implementing any regulatory tools that may be necessary to carry out the Town's development objectives. II. BACKGROUND On February 18, 2009, the Vail Town Council adopted Resolution No. 23, Series of 2008, a resolution that provided for certain updates to the Vail Village Master Plan. One of the more significant updates to the plan was the addition of an objective recognizing the "historic" importance of architecture, structures, landmarks, plazas and features with the goal of preserving the existing character of Vail Village. In addition, one new policy statement was added to the plan to further the newly stated objective. The policy statement was developed to guide the Town's decision - making in achieving each of the stated objectives, whether it be through the review of private sector development proposals or in implementing capital improvement projects. Finally, action steps were suggested as immediate follow -up actions necessary to implement the goals of this Plan. To that end, the Vail Village Master Plan was updated to include the following language: GOAL #1 ENCOURAGE HIGH QUALITY, REDEVELOPMENT WHILE PRESERVING UNIQUE ARCHITECTURAL SCALE OF THE VILLAGE IN ORDER TO SUSTAIN ITS SENSE OF COMMUNITY AND IDENTITY. 1.4 Objective: (in part) Recognize the "historic" importance of the architecture, structures, landmarks, plazas and features in preserving the character of Vail Village. 10/18/2011 6 -1 -1 1.4.1 Policy: The historical importance of structures, landmarks, plazas and other similar features shall be taken into consideration in the development review process. 1.4.2 Policy: The town should grant flexibility in the interpretation and implementation of its regulations and design guidelines to help protect and maintain the existing character of Vail Village. 1.4.3 Policy: Identification of "historic" importance shall not be used as the sole means of preventing or prohibiting development in Vail Village. GOAL #1 Action Steps: (in part) 6. Compile a list and develop a map identifying the location of potential structures, landmarks, plazas and other similar features that may be of historical importance. III. WHAT IS THE GOAL OF HISTORIC PRESERVATION? According to the National Trust for Historic Preservation, "Historic preservation is often defined as the process of identifying, protecting, and enhancing buildings, and objects of historical and cultural significance. This process embraces many phases including the survey and evaluation of historical, architectural, and cultural resources in an area, the development of planning and legal measures to protect these resources, the identification of public and private funding sources applicable to preservation projects, the design for the restoration, rehabilitation and /or adaptive use of historic structures, and the ongoing maintenance of these resources." Threats from redevelopment and the resulting loss of historical, architectural and cultural resources of a community is one of the greatest forces behind promoting historic preservation. IV. HOW ARE HISTORIC PRESERVATION PROGRAMS IMPLEMENTED? Historic preservation programs can be implemented on the national, state, or local levels of government. For example, the United States federal government designates historic districts through the United States Department of the Interior under the auspices of the National Park Service. Federally designated historic districts are listed on the National Register of Historic Places. On the local level, local historic districts are generally administered by the municipal government under the auspices of an appointed board or commission. Historic preservation programs administered by municipal government offer the most legal protection for historic properties as most land Town of Vail Page 2 loilsi2ol> 6 -1 -2 use decisions are made at the local level. Many historic preservation programs are implemented through the creation of a local historic district. V. WHAT IS A LOCAL HISTORIC DISTRICT? A historic district is often described as a group of buildings or structures in an area that have been designated by a governing entity as having a historical, architectural, and /or cultural significance. Buildings or structures in a historic district are usually divided in to one of two categories; contributing and non - contributing. There is no limitation on the size of a district. It can be as small as one or two buildings, or as large as multiple acres and encompass a significant area of a town. VI. HOW IS A LOCAL HISTORIC DISTRIC CREATED? Local historic districts are created on the local level by ordinance, which falls under the jurisdiction of the Town Council. Local historic districts are often formed upon recommendation by an appointed commission (ie, PEC) to the Town Council encouraging the districts creation. The Town Council may approve the district as proposed, approve the district with modifications, or reject the commission's recommendation. Local historic districts are often created by local government to protect and preserve existing buildings and structures because they: • has special character or historic, cultural or aesthetic value or interest; • represents one or more periods, styles or types of historic architecture; and • visually stand apart as a unique area of the town. VII. WHY MIGHT PROPERTY OWNERS RESIST HISTORIC PRESERVATION DESIGNATION? Some private property owners have resisted having their properties designated as historic buildings or objects of historical significance. Private property owners may resist historic preservation designation for the following reasons: • Increase in regulation in the development review process • Creates an additional layer of development review • Decrease in property values due to limitations on development • Perception that government is "overreaching" in its use of its police powers VIII. DOES INCLUSION IN A HISTORIC DISTRICT RESTRICT THE USE OF THE PROPERTY? No. Historic preservation designation does not involve the use of the property. Instead, it deals only with the appearance of the buildings or structures within the district. The adopted land use regulations continue to apply and address the use of the property. Town of Vail Page 3 loilsi2o11 6 -1 -3 IX. DOES INCLUSION IN A HISTORIC PRESERVATION PREVENT CHANGES TO THE PROPERTY? Historic preservation designation does not prevent a property owner from making changes to their property, nor does it require them to restore or even fix up their property. Instead, designation ensures that alterations, additions, or demolitions are in keeping with the character of the area. The design review process is used to make determinations on preservation of character of the area. X. DOES THE TOWN OF VAIL CURRENTLY HAVE MEASURES IN PLACE FOR HISTIORIC PRESERVATION? Yes and no. Several of the Town's adopted master plans speak to the importance of preserving and protecting community character. This master plan language is reinforced in the Town's adopted land use regulations and design review guidelines. For example, community character and compatibly with the surrounding built environment are two criteria which can be found in the adopted regulations. That being said, however, presently no language exists which speaks directly to preserving and protecting existing building or structures that have been determined to have significance to the character of the community. XI. WHAT ARE THE POSSIBLE COMMUNITY BENEFITS OF CREATING A LOCAL HISTORIC DISTRICT? The preservation, protection and enhancement of an area like Vail Village, one that is aesthetically cohesive and already well promoted can be a great asset to the community. The retention of Vail Village, as an historic area, as a way to attract visitor dollars, makes good economic sense. The protection of a local historic district, aimed at preserving community character, has proven to be effective in enhancing and improving business retention and recruitment potential. XII. WHAT IS THE TOWN'S GOAL BUILDINGS AND OBJECTS SIGNIFICANCE IN VAIL VILLAGE? FOR PROTECTING AND ENHANCING OF HISTORICAL AND CULTURAL As outlined in Section II of this memorandum, Goal #1 of the Vail Village Master Plan is to, "encourage high quality, redevelopment while preserving unique architectural scale of the village in order to sustain its sense of community and identity." Additionally, Policy 1.4.1 states, Town of Vail Page 4 10i18i201 > 0 -1 -4 "The historical importance of structures, landmarks, plazas and other similar features shall be taken into consideration in the development review process." The goal as presently drafted only speaks to the scale (bulk and mass) of the built environment and does not address historical, architectural or cultural significance. Further, the policy statement indicates that factors shall be taken into consideration in the development review process yet no specifics exist for how the factors shall be considered. These are but two issues that will need to be addressed as the development of a proposed program for historic preservation moves forward. XIII. NEXT STEPS If the Vail Town Council determines that the Town staff should pursue a public process with the community to discuss preserving and protecting historic structures and landmarks in Vail Village and implementing any regulatory tools that may be necessary to carry out the Town's development objectives, staff recommends that the following next steps be taken: • Prepare an RFP for planning and legal services to assist in the development of a proposed historic preservation program. • Formulate a budget for the creation of a proposed program for Town Council review and approval. • Develop a clear and concise goal for the proposed program which includes a descriptive statement describing the problem the proposed program is intending to address. • Establish a Vail Village Citizen's Advisory Committee to participate in the development of a proposed program. The committee would likely consist of residential and commercial property owners, business owners, merchants, economic development interests, architects, developers, real estate professionals, and other potentially affected parties. The role of the committee would be advisory in nature. • Compile a list and develop a map identifying the location of potential structures, landmarks, plazas and other similar features that may be of historical importance. • Develop a list of potential program implementation tools, including pros and cons of each, for further review and consideration. • Establish a mutually acceptable schedule for development and creation of a proposed program for further consideration by the Vail Town Council. The schedule for completion shall take into consideration Vail's 50th Anniversary. XIV. ACTION REQUESTED OF THE TOWN COUNCIL? Town of Vail Page 5 10i18i201 > 0 -t -5 Should Town staff pursue a public process with the community to discuss preserving and protecting historic structures and landmarks in Vail Village and implementing any regulatory tools that may be necessary to carry out the Town's development objectives? Town of Vail Page 6 loilsi2o11 6 -1 -6 VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: October 18, 2011 ITEM /TOPIC: Matters from Mayor and Council 10/18/2011 rawH of vn' i[ "> TOM OF vn' i0> VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: October 18, 2011 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, Ever Vail Development Agreement; 2) C.R.S. §24- 6- 402(4)(b) - to receive legal advice on specific legal questions; 3) 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: Lionshead Subway. PRESENTER(S): Matt Mire 10/18/2011