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HomeMy WebLinkAbout2014-04-15 Agenda and Support Documentation Town Council Work SessionVAIL TOWN COUNCIL WORK SESSION AGENDA VAIL TOWN COUNCIL CHAMBERS 75 S. Frontage Road W. Vail, CO 81657 2:00 P.M., APRIL 15, 2014 NOTE: Times of items are approximate, subject to change, and cannot be relied upon to determine at what time Council will consider an item. Public comments on work session item may be solicited by the Town Council. 1. ITEM/TOPIC: DRB/PEC Update (10 min. ) PRESENTER(S): Warren Campbell 2. ITEM/TOPIC: Eagle River Water & Sanitation District (ERWSD) Wastewater Master Plan Update (15 min. ) PRESENTER(S): Diane Johnson, Siri Roman, Linn Brooks, ERWSD 3. ITEM/TOPIC: Update on the Actively Green 2015 sustainable business training program. (15 min) PRESENTER(S): Kim Langmaid, Kristen Bertuglia ACTION REQUESTED OF COUNCIL: Staff requests that the Vail Town Council listen to the presentation and provide feedback. BACKGROUND: Actively Green 2015 is an innovative community-driven program that will transform the Vail Valley into a globally-recognized sustainable destination. A true collaboration, Actively Green is a partnership between the globally recognized nonprofit Sustainable Travel International, the Walking Mountains Science Center, the Town of Vail and the Vail Valley Foundation. The objectives of this ambitious first-of-its kind effort are to: 1) Educate and Certify at least 100 businesses in the community on a set of internationally-recognized sustainability best practices 2) Benchmark and Report on data across key performance indicators, helping destination decision-makers to identify successes and opportunities 3) Tell a compelling Sustainability Success Story through campaigns that touch visitors and community members alike The projected outcome? A generation-spanning legacy — one which will ensure the destination inspires residents and engages visitors, while remaining vibrant and resource-rich for the long term. The Actively Green 2015 initiative will support the integration, adoption, and 4/15/2014 certification of sustainability best practices for at least 100 businesses across the Vail Valley. Businesses from any sector are eligible to participate, from accommodations and tour operator to restaurants and retail companies. Patrons and guests are encouraged to think about being Actively Green in 2015 when planning their World Championships Experience. How will we accomplish our objectives? 1) Educate and Certify - A collection of ready-to-use operational tools and resources designed to drive efficiency for businesses across the Vail Valley - Training sessions and workshops dedicated to building local capacity on the implementation of best practices - A new Actively Green Eco-Label, designed with the Vail Valley in mind. Participating businesses can earn the label and use it with pride, by demonstrating adherence to a set of 23 baseline criteria - Support participation in global eco-certification programs like the Sustainable Tourism Education Program (STEP), designed for businesses looking to achieve higher levels of recognition 2) Benchmark and Report - A brand-new customized online Sustainability Management System, designed for Vail Valley businesses to measure and manage sustainability impacts - An opportunity for the destination to manage its performance at scale, through a community dashboard, regular progress reports and a birds-eye view of sustainability opportunities and challenges - Performance will be tracked across key sustainability indicators such as energy and water usage and conservation, waste generation and recycling, and volunteerism We envision the 2015 Alpine World Ski Championships as a catalyst of innovation and collaboration that enhances and celebrates our mountain environment for generations to come. STAFF RECOMMENDATION: Staff recommends the Vail Town Council continue to support the Actively Green 2015 program. 4. ITEM/TOPIC: Zero Hero - Summer Waste Diversion Program at the Vail Farmers' Market (15 min) PRESENTER(S): Kim Langmaid, Melissa Kirr, Kristen Bertuglia ACTION REQUESTED OF COUNCIL: Staff requests that the Vail Town Council listen to the presentation and provide feedback. BACKGROUND: As part of the effort to achieve the adopted waste diversion goals, the Town requires that special events in Vail participate in the Celebrate Green! special events program, which includes recycling and composting requirements. To facilitate the Zero Waste events in the Vail, the Town partners with Walking Mountains Science Center to accomplish the following objectives: - 75% waste diversion or greater - Public education associated with zero waste efforts including composting, recycling, and source reduction - Vendor and event producer education including eco-friendly purchasing, and proper composting/recycling - Public visibility/interface that demonstrates a commitment to sustainability in the 4/15/2014 Town of Vail through waste diversion - Growing future leaders in sustainability through Vail Special Events In 2013 the Town of Vail, Walking Mountains Science Center, and Colorado Mountain College collaborated on the Zero Waste program at the Vail Farmers' Market. Through this partnership, Walking Mountains Science Center recruits, trains, and develops a team of young people, ages 18 and up, to support the Farmers' Market Zero Waste events and other environmental initiatives. Walking Mountains Science Center’s Celebrate Green! environmental internship elevates a sense of civic leadership while building the capacity to support the Town of Vail’s events and sense of community pride. Interns work two days per week and all supervision, training, mentoring, and support is provided by Walking Mountains Science Center. On Sundays the team of interns create a vibrant, fun, positive and interactive presence in the Town of Vail while staffing the Town’s Zero Hero recycling stations and providing education and outreach to Market guests, residents and vendors. On Thursdays the team of interns refine their education and outreach strategies, compile the results of surveys and feedback, train event volunteers, and support the Town of Vail with other environmental stewardship initiatives as needed. The Celebrate Green! environmental internship model is an economically efficient way to partner with the Town of Vail while supporting the Town in reaching its goals to: grow a balanced community, improve the quality of experience, and develop future leadership and building the capacity of the local economy including the locally-based Walking Mountains Science Center. Walking Mountains is contracted to conduct the Zero Hero Program at the Vail Farmers' Markets in 2014. STAFF RECOMMENDATION: Staff recommends the Vail Town Council continue to support to Zero Hero Summer Program. 5. ITEM/TOPIC: Discussion of Next Steps for Expanded Air Service (20 min.) PRESENTER(S): Kelli McDonald, Economic Development Manager and Chris Romer, Vail Valley Partnership ACTION REQUESTED OF COUNCIL: Provide direction for next steps to achieve the goal of expanded air service BACKGROUND: The Vail Town Council has identified as one of their goals to enhance economic vitality by growing a diverse and vibrant economy that keeps Vail at the forefront of our resort competitors for the long term with continued opportunities for private and public investment and philanthropy. One of the outcomes of this goal is to provide leadership to expand air service with a continued focus on securing an international air terminal. The Council, Town staff and Eagle County Commissioners participated in an expanded discussion and presentations by the Eagle County Regional Airport representatives and Eagle Air Alliance representatives in a special work session at the airport on April 1. Key points of discussion were: The Eagle County Regional Airport master plan identifies growth of 3% per year for commercial air service for the next 20 years; Opportunities for international air service are identified as Mexico and Latin 4/15/2014 America being the fastest growing markets for Vail and Beaver Creek; International charter flights; Flight pricing; Target markets of Washington D.C., Charlotte, Las Vegas, expansion in Minneapolis, Chicago in summer; Paid parking at the airport; Long term sustainable funding for flights; Modest investment from the state to relieve I-70 congestion 6. ITEM/TOPIC: Park City Peer Resort Visit Follow-Up Discussion. (20 min.) PRESENTER(S): Town Council and Staff ACTION REQUESTED OF COUNCIL: Identify additional follow-up actions as needed. BACKGROUND: Representatives from the Town Council, staff and other sectors of the community visited Park City on April 2-4 as a component of the Town Council’s work plan to develop a long-term strategy to enhance Vail’s competitiveness. The visit included tours of the U.S. Ski and Snowboard Association Center of Excellence, Utah Olympic Park, the Eccles Center for the Performing Arts, Historic Downtown and various recreation facilities, as well as presentations and one-on-one discussions with elected officials and city and chamber staff. A delegation from the Lake Tahoe area also participated. A peer resort visit to Aspen will take place in October. 7. ITEM/TOPIC: 2013 Year-end Investment Report (10 min.) PRESENTER(S): Judy Camp ACTION REQUESTED OF COUNCIL: No formal action requested - informational only BACKGROUND: Section 2-2-8 of the Town Code requires an annual presentation of the town's investment report, which is also provided as a written report each quarter. This agenda item is a presentation of the town's investment report as of December 31, 2013. STAFF RECOMMENDATION: None 8. ITEM/TOPIC: Information Update: 1) CSE 040214 DRAFT Meeting Minutes; 2) VEAC 040814 Meeting Minutes; 3) Vail Mountain Recreation Enhancements Project letter of Support (5 min.) 9. ITEM/TOPIC: Matters from the Mayor, Council and Committee Reports (15 min.) 10. ITEM/TOPIC: Adjournment (4:05 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, May 6, 2014 IN THE VAIL TOWN COUNCIL CHAMBERS 4/15/2014 FUTURE AGENDA ITEMS: Ongoing agenda items TBD: DRB/PEC updates - Warren - WS - 15 min.; Information Updates Attachments: WS - 15 min.; Executive Session items: 30 min.; Consent Agenda: 5 min.; Town Manager Report: 5 min. FUTURE AGENDA ITEMS: Eagle County Commissioners joint meeting - WS - 5/6 2014 Burton US Open Recap - 30 min. - WS - 5/6 Discussion Chamonix Direction & Next Steps - 30 min - WS - 5/6 Quarterly Report on Capital Projects & Programs - (Info Update) WS - 5/6 Golf Course Clubhouse Update and Request for Additional Funding - ES - 5/6 Holy Cross LED - ES - 5/6 Colorado Ski and Snowboard Museum - Request to Proceed through the Process -ES - 5/6 Report on Resort Competitiveness - WS - 5/20 Discussion w/ Eagle County School District - WS - 5/20 Colorado Municipal League Update - WS - 5/20 Discussion of SWOT Results - WS - 6/3 Community Survey Results - 30 min. - ES - 6/17 Half Day Budget Retreat - WS - 7/1 Half Day Retreat Competitiveness Plan - WS - 7/15 Finalize Budget Parameters - WS - 7/15 Quarterly Report on Capital Projects & Programs - (Info Update) WS - 7/15 Half Day Retreat Define Balanced Community - WS - 8/5 Discussion of Major Revenue Projections - WS - 8/5 Discussion on Economic Diversity w/ Stakeholders - WS - 8/19 Discussion of Parking & Transportation - WS - 9/2 VVMC Master Plan Discussion - WS - 9/16 Discussion of Five Year Capital & RETT Plans - WS - 9/16 Half Day Retreat w/ VLHA - WS - 10/7 Discussion on Town Manager's Budget (Final Draft) - WS - 10/7 Discussion on Adoption of Strategic Competitiveness Plan - WS - 10/21 Quarterly Status Report on Capital Projects & Programs (Info Update) - WS - 10/21 First Reading of Ordinance Budget Adoption - ES - 10/21 Discussion on Aspen Report & Follow up - WS - 11/4 Second Reading of Ordinance Budget Adoption - ES - 11/4 Discussion on Technology - WS - 11/4 I-70 Vail Underpass Traffic Analysis Update - ES - TBD - Tom Clean Up Title 12 Ordinance - TBD NEPA and Uniformed Relocation Act - 30 min. - ES - Mike Vanderhoff - TBD Plastic bags - TBD Village Information Center - Greg - TBD Fee Schedule changes - George - TBD Neighborhood Speed Control - TBD - Greg/Dwight Housing Strategic Plan - George - TBD Beaver policy update - Kristen - WS - TBD Vail Valley Medical Center Master Plan Update - 60 min - ES - George - TBD 2015 WAC construction restrictions discussion - 30 min - WS- George - TBD 4/15/2014 Sister City discussion - TBD Discussion of future of RSES - TBD Streaming PEC & DRB - TBD 2015 Expectations/Legacy Piece - TBD 2015 Town-wide fulfillment - TBD VLMD Term limits - TBD Marijuana policy discussion - WS - Matt - TBD Community Garden permission to proceed through the process for fence installation - TBD Walking Mountains zero watse program presentation - TBD 4/15/2014 VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: April 15, 2014 ITEM/TOPIC: DRB/PEC Update PRESENTER(S): Warren Campbell ATTACHMENTS: April 2, 2014 DRB Meeting Results April 14, 2014 PEC Meeting Agenda PEC Results 041414 4/15/2014 Page 1 DESIGN REVIEW BOARD AGENDA PUBLIC MEETING April 2, 2014 Council Chambers 75 South Frontage Road West - Vail, Colorado, 81657 MEMBERS PRESENT MEMBERS ABSENT Tom DuBois Rollie Kjesbo Brian Gillette Bill Pierce Andy Forstl PROJECT ORIENTATION 1:00pm Swearing In of New Members – Tammy Nagel 1. Chair: Tom DuBois MOTION: Rollie Kjesbo SECOND: Bill Pierce VOTE: 5-0-0 2. Vice Chair: Brian Gillette MOTION: Rollie Kjesbo SECOND: Bill Pierce VOTE: 5-0-0 SITE VISITS 1. Vail Mountain School – 3000 Booth Falls Road 2. Garmisch Haus – 2476 Garmisch Drive 3. Vail Village Information Center – 241 East Meadow Drive 4. Cross/Graham Residence – 126 Forest Road 5. Stockmar Residence – 4096 Columbine Drive 6. Brandess Building – 2077 North Frontage Road MAIN AGENDA 3:00pm 1. Northwoods Condominiums DRB140032 / 15 minutes Joe Final review of a minor exterior alteration (new façade materials) 600 Vail Valley Drive/Tract B, Vail Village Filing 7 Applicant: Northwoods Condominium Association, represented by Zehren and Associates ACTION: Approved with Conditions MOTION: Kjesbo SECOND: Forstl VOTE: 3-0-2 (Pierce & DuBois recused) CONDITION(S): 1) The applicant shall match new stone in a seamless, blended manner wherever it is applied with any existing stone that is to remain before requesting a final planning inspection. 2) On the south façade of building B on the east wing, the applicant shall apply stone that either terminates at the window sills or below the railing (above). 2. Vail Mountain School DRB140022 / 15 minutes Joe Final review of an addition (greenhouse) 3000 Booth Falls Road/Lots 11, 12 and Tract C, Vail Village Filing 12 Applicant: Vail Mountain School, represented by Mauriello Planning Group ACTION: Approved MOTION: Kjesbo SECOND: Gillette VOTE: 4-0-1 (Pierce recused) 4/15/2014 Page 2 3. Brandess Building Sign Program DRB140048 / 10 minutes Joe Final review of a sign application (sign program) 2077 North Frontage Road/Lot 39, Buffehr Creek Resubdivision Applicant: Brandess Enterprises, represented by Margaret Hanlon ACTION: Approved MOTION: Kjesbo SECOND: Gillette VOTE: 5-0-0 4. Cross/Graham Residence DRB140056 / 10 minutes Joe Final review of changes to approved plans (windows) 126 Forest Road/Lot 5W, Block 7, Vail Village Filing 1 Applicant: David Cross & Maureen Graham, represented by KH Webb Architects ACTION: Table to April 16, 2014 MOTION: Kjesbo SECOND: Gillette VOTE: 5-0-0 5. Garmisch Haus DRB140045 / 15 minutes Warren Final review new construction (single-family) 2476 Garmisch Drive/Lot 28, Block A, Vail Das Schone Filing 1 Applicant: Garmisch Haus LLC, represented by Blueline Architects ACTION: Approved with Conditions MOTION: Kjesbo SECOND: Forstl VOTE: 5-0-0 CONDITION(S): 1) On the plans submitted in conjunction with the building permit the applicant shall amend the landscaping plan to include a total of 12 aspens (6 each on both the west and east sides of the driveway) between the street and the front of the home. A total of six (6) aspens shall be planted on each side (east and west) of the driveway. 6. Stockmar Residence DRB140055 / 15 minutes Joe Final review of new construction (duplex) 4096 Columbine Drive/Bighorn Subdivision Lot 14 Applicant: Brian Stockmar, represented by Scott S. Turnipseed AIA ACTION: Approved with Conditions MOTION: Kjesbo SECOND: Forstl VOTE: 5-0-0 CONDITION(S): 1) The applicant shall plant a total of twelve (12) evergreens and twenty-four (24) deciduous trees of varying heights and species on site before requesting a final planning inspection. 2) The applicant shall submit plans with a building permit application indicating additional windows on both levels of unit B on the east side of the north façade of where the garage and a bedroom are located. 7. Dore Residence DRB140057 / 15 minutes Warren Final review of an addition (convert single-family to duplex) 100 Vail Road/ Lot 35, Block 7, Vail Village Filing 1 Applicant: William Dore, represented by VMD Architects ACTION: Approved MOTION: Gillette SECOND: Forstl VOTE: 4-0-1 (Kjesbo recused) 8. Vail Village Information Center DRB140077 / 15 minutes Warren Final review of an addition (restroom, arcade, façade) 241 East Meadow Drive/Lots B & C, Block 5D, Vail Village Filing 1 Applicant: Town of Vail, represented by Greg Hall ACTION: Tabled to April 16, 2014 MOTION: Kjesbo SECOND: Forstl VOTE: 5-0-0 4/15/2014 Page 3 STAFF APPROVALS Ruttum Residence DRB140016 Warren Final review of changes to approved plans (roof, railing, facade) 1388 Briar Patch Lane/Lots G5 & G6, Lion’s Ridge Filing 2 Applicant: David Ruttum, represented by Melissa Brandrup Franciose Residence DRB140027 Joe Final review of changes to approved plans (garage and front doors) 2834 Snowberry Drive/Lot 18, Block 9, Vail Intermountain Applicant: Susan Franciose, represented by Susan Franciose Kapito Residence DRB140042 Joe Final review of an addition (bedroom, kitchen, bathroom) 381 Beaver Dam Circle/Lot 1, Block 4, Vail Village Filing 3 Applicant: Robert & Ellen Kapito, represented by Triumph Development Owsley, Miller & Strattan Residences DRB140043 Jonathan Final review of a minor exterior alteration (decks) 4460 Timber Falls Court Units 1602, 1605, 1608/Unplatted Applicant: James Owsley, Kevin Miller & Gaar Strattan, represented by Gregory Houston Randall Residence DRB140046 Jonathan Final review of a minor exterior alteration (stairs) 2865 Snowberry Drive/Lot 2, Block 9, Vail Intermountain Applicant: Louise Randall Trust, represented by Rich Kedrowski Ferguson Residence DRB140047 Warren Final review of changes to approved plans (garage) 1250 Westhaven Circle/Lot 30, Glen Lyon Applicant: John & Violet Ferguson, represented by William Reslock, Architect Village Inn Plaza HOA DRB140049 Jonathan Final review of a minor exterior alteration (stairs, railings, pavers) 68 East Meadow Drive/Lot O, Block 5D, Vail Village Filing 1 Applicant: Village Inn Plaza HOA, represented by KH Webb Architects Adams Residence DRB140050 Warren Final review of a minor exterior alteration (deck, hot tub) 2995 Booth Creek Drive/Lot 4B, Vail Village Filing 11 Applicant: Revocable Trust Agreement of Holly B Adabms, represented by Nedbo Construction Zekelman Residence DRB140051 Warren Final review of changes to approved plans (pond/patio) 463 Beaver Dam Road/Lot 5, Block 4, Vail Village Filing 3 Applicant: Alan Zekelman, represented by KH Webb Architects Anderson Residence DRB140053 Jonathan Final review of a minor exterior alteration (deck, driveway) 395 Forest Road /Lot 3B, Block 2, Vail Village Filing 3 Applicant: Forest Road LLC, represented by Triumph Development KMA Holdings LLC DRB140052 Warren Final review of an addition (kitchen, living room) 600 Vail Valley Drive Unit T / Part of Tract B, Vail Village Filing 7 (Pinos Del Norte) Applicant: KMA Holding LLC, represented by Nedbo Construction 4/15/2014 Page 4 Courtside 34 LLC Residence DRB140059 Joe Final review of an addition (bedrooms) 4552 Meadow Drive Unit 34 (Courtside Townhomes)/Unplatted Applicant: Courtside 34 LLC, represented by Ankerholz Inc. Vail 967 LLC Residence DRB140061 Warren Final review of a minor exterior alteration (deck) 967 Vail Valley Drive/Lot C, Block 6, Vail Village Filing 7 Applicant: Vail 967 LLC, represented by RA Nelson Blanchette Residence DRB140066 Jonathan Final review of a minor exterior alteration (windows) 434 Gore Creek Drive/Lot B, Block 3, Vail Village Filing 5 Applicant: Rene Blanchette, represented by HMR Construction, Michael Roe Red Avalanche II LLC DRB140068 Jonathan Final review of a minor exterior alteration (window/doors) 22 West Meadow Road/Lot H, Vail Village Filing 2 Applicant: Vail Realty, represented by Bart Cuomo Spraddle Creek Estates DRB140075 Jonathan Final review of a minor exterior alteration (planters) 914 Spraddle Creek Road/Tract C, Spraddle Creek Estates Applicant: Spraddle Creek Estates HOA, represented by Michael Drury 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. 4/15/2014 Page 1 PLANNING AND ENVIRONMENTAL COMMISSION April 14, 2014 at 1:00pm TOWN COUNCIL CHAMBERS / PUBLIC WELCOME 75 S. Frontage Road - Vail, Colorado, 81657 MEMBERS PRESENT MEMBERS ABSENT The April 14, 2014 PEC meeting had not taken place by the time the Town Council packets were distributed. Results from this meeting will be e-mailed to all Town Council members the morning of the April 15, 2014 Council meeting as well as copies printed for distribution to Council and audience members. Site Visit: 1. Village Inn Plaza – 100 East Meadow Drive 30 minutes 1. A request for a recommendation to the Vail Town Council on a major amendment to a Special Development District No. 6, Vail Village Inn, pursuant to Section 12-9A-10, Amendment Procedures, Vail Town Code, to allow for an increase in gross residential floor area to facilitate additions to existing dwelling units, located at 100 East Meadow Units 501 and 502 (Vail Village Inn Phase 3) /Lot O, Block 5D, Vail Village Filing 1, and setting forth details in regard thereto. (PEC130046) Applicant: Deltec Bank and Trust, represented by Eggers Architect Planner: Jonathan Spence ACTION: MOTION: SECOND: VOTE: 2. A request for the review of a conditional use permit, pursuant to 12-9C-3, Conditional Uses, Vail Town Code, for a public and quasi-public indoor community facilities (education center), to allow for the construction of the Betty Ford Alpine Gardens Education Center, located 530 South Frontage Road/Unplatted, and setting forth details in regard thereto. (PEC140005) Applicant: Betty Ford Alpine Gardens, represented by Jack Hunn Planner: Jonathan Spence ACTION: Table to May 12, 2014 MOTION: SECOND: VOTE: 3. A request for a variance from Section 14-3-1, Table 1, Minimum Standards, Vail Town Code, pursuant to Section 14-1-5, Variances, Vail Town Code, to allow for a residential driveway to exceed the permitted maximum centerline grade, located at 2754 Snowberry Drive / Lot 15, Block, 9, Vail Intermountain and setting forth details in regard thereto. (PEC140007) Applicant: Mike Dantas, represented by Mauriello Planning Group Planner: Joe Batcheller ACTION: Table to April 28, 2014 MOTION: SECOND: VOTE: 4. A request for the review of variances from Section 12-7D-9 Landscaping and Site Development Section 12-7D-10 Parking and Loading, Section 14-5-1, Minimum Standards and Section 14-5-2 Other Requirements, Vail Town Code, pursuant to Chapter 12-17, Variances, Vail Town Code, for relief from the minimum landscape requirement, the parking space dimensional requirement, the snow storage requirement and to allow parking in the front setback, to facilitate the construction of a freestanding building with associated parking, circulation and landscape improvements, located 4/15/2014 Page 2 at 2171 North Frontage Road West (McDonald’s)/Lot 2B, Vail Das Schone Filing 3, and setting forth details in regard thereto. (PEC130018) Applicant: McDonald’s USA, LLC, represented by Robert Palmer Planner: Jonathan Spence ACTION: Table to June 9, 2014 MOTION: SECOND: VOTE: 5. A request for the review of a conditional use permit, pursuant to Section 12-7D-2, Conditional Uses, Vail Town Code, to allow for a drive-up facility, located at 2171 North Frontage Road West (McDonald’s)/Lot 2B, Vail Das Schone Filing 3, and setting forth details in regard thereto. (PEC130014) Applicant: McDonald’s USA, LLC, represented by Robert Palmer Planner: Jonathan Spence ACTION: Table to June 9, 2012 MOTION: SECOND: VOTE: 6. Approval of March 24, 2014 minutes MOTION: SECOND: VOTE: 7. Information Update 8. 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. Times and order of items are approximate, subject to change, and cannot be relied upon to determine at what time the Planning and Environmental Commission will consider an item. 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 April 11, 2014 in the Vail Daily. 4/15/2014 Page 1 PLANNING AND ENVIRONMENTAL COMMISSION April 14, 2014 at 1:00pm TOWN COUNCIL CHAMBERS / PUBLIC WELCOME 75 S. Frontage Road - Vail, Colorado, 81657 Swearing-in New Members – Patty McKenny, Town Clerk MEMBERS PRESENT MEMBERS ABSENT Henry Pratt Luke Cartin Michael Kurz John Rediker Pam Hopkins Webb Martin Dick Cleveland Chair: Henry Pratt Motion: Kurz Second: Cleveland Vote: 7-0-0 Vice-chair: Michael Kurz Motion: Rediker Second: Cleveland Vote: 7-0-0 30 minutes 1. A request for a recommendation to the Vail Town Council on a major amendment to a Special Development District No. 6, Vail Village Inn, pursuant to Section 12-9A-10, Amendment Procedures, Vail Town Code, to allow for an increase in gross residential floor area to facilitate additions to existing dwelling units, located at 100 East Meadow Units 501 and 502 (Vail Village Inn Phase 3) /Lot O, Block 5D, Vail Village Filing 1, and setting forth details in regard thereto. (PEC130046) Applicant: Deltec Bank and Trust, represented by Eggers Architect Planner: Jonathan Spence ACTION: Recommendation of approval, with conditions MOTION: Kurz SECOND: Rediker VOTE: 7-0-0 CONDITION(S): 1. This SDD major amendment approval is contingent upon the applicant obtaining Town of Vail approval of the associated design review application, including compliance with Sec. 14-10-5 BUILDING MATERIALS AND DESIGN, Vail Town Code 2. The applicant shall mitigate the employee generation impact created by the addition of 792 square feet of GRFA in accordance with the provisions of Chapter 12-24, Inclusionary Zoning, Vail Town Code. 3. The applicant shall receive and submit in conjunction with the building permit, all applicable Colorado Department of Transportation approvals for all impacts to the South Frontage Road East, including construction staging, if necessary. 4. The applicant shall amend the recorded condominium map to reflect the increase in floor area and space designation, prior to requesting a planning certificate of occupancy inspection. 5. The applicant shall replace the three (3) existing street lights located along the Frontage 4/15/2014 Page 2 Road with TOV street lights per Public Work’s specification. The number of new fixtures shall be determined by the Director of Public Works and will not exceed three. The new street lights shall be installed prior to requesting a planning certificate of occupancy inspection. Jonathan Spence gave a presentation per the staff memorandum. Don Eggers, representing the applicant, made himself available for any questions. Commissioner Rediker inquired as to other improvements that may be coming in the future and why those components were not coming forward in conjunction with this application. Don Eggers explained that it was largely owner driven as the owners are in different countries. The owner of the top two condominiums would like to get started this year, which is why this application is moving forward. Warren Campbell, Chief of Planning, explained that there was also a difference in process for the various forth coming applications in that the deck expansions and the building re-skin will not require Commission review as currently understood. Commissioner Rediker inquired about the condition regarding the replace of the pedestrian street lights with lights which match the Town of Vail uniform street lights. Commissioner Cleveland asked how the public benefit of replacing the pedestrian street lights would be attributed to Phase III of the Vail Village Inn. There was no public comment. The Commissioners general expressed their support for the application and the improvements made to the plans since the last hearing. 2. A request for the review of a conditional use permit, pursuant to 12-9C-3, Conditional Uses, Vail Town Code, for a public and quasi-public indoor community facilities (education center), to allow for the construction of the Betty Ford Alpine Gardens Education Center, located 530 South Frontage Road/Unplatted, and setting forth details in regard thereto. (PEC140005) Applicant: Betty Ford Alpine Gardens, represented by Jack Hunn Planner: Jonathan Spence ACTION: Table to May 12, 2014 MOTION: Kurz SECOND: Cleveland VOTE: 7-0-0 3. A request for a variance from Section 14-3-1, Table 1, Minimum Standards, Vail Town Code, pursuant to Section 14-1-5, Variances, Vail Town Code, to allow for a residential driveway to exceed the permitted maximum centerline grade, located at 2754 Snowberry Drive / Lot 15, Block, 9, Vail Intermountain and setting forth details in regard thereto. (PEC140007) Applicant: Mike Dantas, represented by Mauriello Planning Group Planner: Joe Batcheller ACTION: Table to April 28, 2014 MOTION: Kurz SECOND: Cleveland VOTE: 7-0-0 4. A request for the review of variances from Section 12-7D-9 Landscaping and Site Development Section 12- 7D-10 Parking and Loading, Section 14-5-1, Minimum Standards and Section 14-5-2 Other Requirements, Vail Town Code, pursuant to Chapter 12-17, Variances, Vail Town Code, for relief from the minimum landscape requirement, the parking space dimensional requirement, the snow storage requirement and to 4/15/2014 Page 3 allow parking in the front setback, to facilitate the construction of a freestanding building with associated parking, circulation and landscape improvements, located at 2171 North Frontage Road West (McDonald’s)/Lot 2B, Vail Das Schone Filing 3, and setting forth details in regard thereto. (PEC130018) Applicant: McDonald’s USA, LLC, represented by Robert Palmer Planner: Jonathan Spence ACTION: Table to June 9, 2014 MOTION: Kurz SECOND: Cleveland VOTE: 7-0-0 5. A request for the review of a conditional use permit, pursuant to Section 12-7D-2, Conditional Uses, Vail Town Code, to allow for a drive-up facility, located at 2171 North Frontage Road West (McDonald’s)/Lot 2B, Vail Das Schone Filing 3, and setting forth details in regard thereto. (PEC130014) Applicant: McDonald’s USA, LLC, represented by Robert Palmer Planner: Jonathan Spence ACTION: Table to June 9, 2012 MOTION: Kurz SECOND: Cleveland VOTE: 7-0-0 6. Approval of March 24, 2014 minutes MOTION: Kurz SECOND: Cartin VOTE: 5-0-2 (Cleveland and Martin recused) 7. Information Update Discussed larger projects getting a start this spring 8. Adjournment MOTION: Cartin SECOND: Cleveland VOTE: 7-0-0 The applications and information about the proposals are available for public inspection during regular office hours at the Town of Vail Community Development Department, 75 South Frontage Road. The public is invited to attend the project orientation and the site visits that precede the public hearing in the Town of Vail Community Development Department. Times and order of items are approximate, subject to change, and cannot be relied upon to determine at what time the Planning and Environmental Commission will consider an item. 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 April 11, 2014 in the Vail Daily. 4/15/2014 VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: April 15, 2014 ITEM/TOPIC: Eagle River Water & Sanitation District (ERWSD) Wastewater Master Plan Update PRESENTER(S): Diane Johnson, Siri Roman, Linn Brooks, ERWSD ATTACHMENTS: ERWSD Wastewater Master Plan Memorandum 4/15/2014 Memorandum To: Honorable Mayor Andy Daly and Vail Town Council From: Siri Roman, Wastewater Manager Diane Johnson, Communications and Public Affairs Manager Date: April 15, 2014 Re: Eagle River Water & Sanitation District W astewater Master Plan Update Summary: Siri Roman will provide an update about the ERWSD Wastewater Master Plan which Vail Town Council heard in full at its January 15, 2013, meeting. She will briefly review current operations, new wastewater effluent regulations enacted by the Colorado Water Quality Control Division (WQCD) and the implications of the regulations – including benefits to stream health and financial impacts. The ERWSD Board of Directors has placed two measures on the May ballot related to funding the required wastewater improvements at the lowest possible financing cost. No action is requested from the Council. Background: Eagle River Water and Sanitation District treats wastewater from East Vail to Cordillera, including Minturn, at three treatment facilities. The facilities are located in Vail, Avon, and west Edwards and are regulated by effluent discharge permits provided by the Colorado WQCD. In 2012, the WQCD adopted more stringent nutrient regulations (Regulation 85 and Regulation 31) that will impact the operations of the facilities. The new regulations will require that the plants discharge less phosphorus and nitrogen (nutrients) to Gore Creek and the Eagle River. The WQCD will be working with ERWSD on a compliance schedule to m eet the new regulations. However, it is possible that all three plants could have to comply with the new regulations as early as 2020, which would require significant capital improvements at each facility by that date. In 2012, the District completed an update to its existing Wastewater Master Plan in order to determine a preferred capital improvement plan and schedule that would meet the new regulations and future growth through 2025. Eight alternatives were evaluated on cost, water rights issues, land av ailability, staffing, maintenance, sustainability, permitting, layout, scheduling, and other criteria. The preferred alternative addresses necessary increased capacity at the facilities to meet future growth, upgrades the facilities to meet anticipatory regulatory limits, and consolidates the treatment of solids at the Edwards facility. Full implementation of the wastewater master plan is projected to cost $95 million through 2030. Given the significant capital improvements required, ERWSD secured funds to implement Phase 1 of the capital plan. The District issued $28 million in revenue bonds in Dec. 2012 which will affect monthly service rates beginning in 2015. The monthly debt service rate associated with the 2012 bonds will be about $6 per single family equivalent (a generic residential unit, up to 3,000 square feet). The next phase of the plan will cost approximately $23 million; the debt can be funded by issuing revenue bonds based on sewer fees (which does not require voter approval), or by issuing general obligation (GO) bonds, which does require voter approval. The Board is pursuing the latter as it would result in the lowest possible interest rates, saving at least $1.8 million in interest costs. The new rate or property tax would become effective in 2017 – when an existing District property tax will sunset. With the release of fewer nutrients to Gore Creek and the Eagle River, the new regulations and associated capital improvements will benefit the biological health of the streams. Downstream drinking water facilities will also benefit due to improved source water. 4/15/2014 Page 2 of 2 ERWSD is completing the design of Phase 1 of the Capital Improvement Plan; the solids handling improvement project at the Edwards Treatment Facility. The permitting process with the Colorado Department of Public Health and Environment (CDPHE) is underway, and approval was received by Eagle County through its 1041 process. Construction is slated to begin in this summer. 4/15/2014 VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: April 15, 2014 ITEM/TOPIC: Update on the Actively Green 2015 sustainable business training program. PRESENTER(S): Kim Langmaid, Kristen Bertuglia ACTION REQUESTED OF COUNCIL: Staff requests that the Vail Town Council listen to the presentation and provide feedback. BACKGROUND: Actively Green 2015 is an innovative community-driven program that will transform the Vail Valley into a globally-recognized sustainable destination. A true collaboration, Actively Green is a partnership between the globally recognized nonprofit Sustainable Travel International, the Walking Mountains Science Center, the Town of Vail and the Vail Valley Foundation. The objectives of this ambitious first-of-its kind effort are to: 1) Educate and Certify at least 100 businesses in the community on a set of internationally- recognized sustainability best practices 2) Benchmark and Report on data across key performance indicators, helping destination decision-makers to identify successes and opportunities 3) Tell a compelling Sustainability Success Story through campaigns that touch visitors and community members alike The projected outcome? A generation-spanning legacy — one which will ensure the destination inspires residents and engages visitors, while remaining vibrant and resource-rich for the long term. The Actively Green 2015 initiative will support the integration, adoption, and certification of sustainability best practices for at least 100 businesses across the Vail Valley. Businesses from any sector are eligible to participate, from accommodations and tour operator to restaurants and retail companies. Patrons and guests are encouraged to think about being Actively Green in 2015 when planning their World Championships Experience. How will we accomplish our objectives? 1) Educate and Certify - A collection of ready-to-use operational tools and resources designed to drive efficiency for businesses across the Vail Valley - Training sessions and workshops dedicated to building local capacity on the implementation of best practices - A new Actively Green Eco-Label, designed with the Vail Valley in mind. Participating businesses can earn the label and use it with pride, by demonstrating adherence to a set of 23 baseline criteria - Support participation in global eco-certification programs like the Sustainable Tourism Education Program (STEP), designed for businesses looking to achieve higher levels of recognition 4/15/2014 2) Benchmark and Report - A brand-new customized online Sustainability Management System, designed for Vail Valley businesses to measure and manage sustainability impacts - An opportunity for the destination to manage its performance at scale, through a community dashboard, regular progress reports and a birds-eye view of sustainability opportunities and challenges - Performance will be tracked across key sustainability indicators such as energy and water usage and conservation, waste generation and recycling, and volunteerism We envision the 2015 Alpine World Ski Championships as a catalyst of innovation and collaboration that enhances and celebrates our mountain environment for generations to come. STAFF RECOMMENDATION: Staff recommends the Vail Town Council continue to support the Actively Green 2015 program. ATTACHMENTS: Actively Green 2015 presentation 4/15/2014 4/15/2014 2015 FIS Alpine World Ski Championships Environment Committee Policy Statement We are committed to: Reduce carbon emissions Use quality local & US made materials & partner with eco- friendly concessioner Reduce waste, recycle and compost Promote water conservation Protect air quality through efficient transportation & idlewise program Educate about the importance of natural resources and the value of public lands 4/15/2014 The 2015 FIS World Ski Championships will be a catalyst of innovation and collaboration that enhances and celebrates our mountain environment for generations to come. Vision 4/15/2014 1) Leverage 2015 Ski Championships as catalyst for sustainability leadership 2) Scale sustainability work of local businesses and monitor sustainability at the destination level 3) Establish Vail Valley as a global leader in sustainable destinations Actively Green 2015 Goals 4/15/2014 Sustainability Defined 4/15/2014 “In the future, only companies that make sustainability a goal will achieve competitive advantage.” Harvard Business Review Business Trends 4/15/2014 Conde Nast: 93% say travel companies should be environmentally responsible Travel Zoo: 90% say said they prefer a “green” hotel Trip Advisor: 71% say they plan eco-friendly travel in the next 12 months Travel Trends 4/15/2014 Support local businesses/organizations Leverage strengths of each organization Establish baseline metrics and tools Local solutions based on global expertise Community Collaboration 4/15/2014 Objectives Train & Certify 100 Businesses by 2015 Legacy Program Certified Sustainable Destination 4/15/2014 Benefits for Businesses Save Money Engage Employees Environmental Stewardship Marketing Power Economic Development Be a Leader 4/15/2014 4-Phase Approach Action Planning Sustainability Management System Certification Benefits The Solution Training 4/15/2014 Support Services Trainings & Networking Energy Coaching Waste Calculation Carbon Footprint Marketing Messages Employee Engagement 4/15/2014 Vail Lodging Businesses Antlers Lodge Arrabelle Cascade Resort Eagle Point Four Seasons Lion Square Lodge Montaneros Marriot Mountain Haus Ritz Carlton Residences Sonnenalp Sebastian Tivoli Vail Racquet Club Vail Spa Wren at Vail 4/15/2014 Other Vail Businesses 1stBank Alpine Bank Arriesgado Clothing Co. Centennial Bank C.M.E. Group 970 Restaurants Vail Honeywagon Nova Guides Organic Housekeepers Paragon Guides Ski & Snowboard Club Vail SteamMaster Town of Vail Vail Resorts Vail Valley Medical Center West Vail Liquor Mart 4/15/2014 Sonnenalp Case Study Decreased Energy & Water Use Increased Employee Morale Improved Guest Relations Saved $200,000 Over Two Years 4/15/2014 Certified! Antlers Lodge Post Montane Lodge Sonnenalp Hotel Vail Spa Condominiums The Wren at Vail 4/15/2014 Next Steps & Questions April 16th Training Ongoing Recruitment & Certification September & November 2014 Trainings 2015 World Alpine Ski Championships Certified Sustainable Destination Kim Langmaid kiml@walkingmountains.org 970-827-9725 x131 4/15/2014 VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: April 15, 2014 ITEM/TOPIC: Zero Hero - Summer Waste Diversion Program at the Vail Farmers' Market PRESENTER(S): Kim Langmaid, Melissa Kirr, Kristen Bertuglia ACTION REQUESTED OF COUNCIL: Staff requests that the Vail Town Council listen to the presentation and provide feedback. BACKGROUND: As part of the effort to achieve the adopted waste diversion goals, the Town requires that special events in Vail participate in the Celebrate Green! special events program, which includes recycling and composting requirements. To facilitate the Zero Waste events in the Vail, the Town partners with Walking Mountains Science Center to accomplish the following objectives: - 75% waste diversion or greater - Public education associated with zero waste efforts including composting, recycling, and source reduction - Vendor and event producer education including eco-friendly purchasing, and proper composting/recycling - Public visibility/interface that demonstrates a commitment to sustainability in the Town of Vail through waste diversion - Growing future leaders in sustainability through Vail Special Events In 2013 the Town of Vail, Walking Mountains Science Center, and Colorado Mountain College collaborated on the Zero Waste program at the Vail Farmers' Market. Through this partnership, Walking Mountains Science Center recruits, trains, and develops a team of young people, ages 18 and up, to support the Farmers' Market Zero Waste events and other environmental initiatives. Walking Mountains Science Center’s Celebrate Green! environmental internship elevates a sense of civic leadership while building the capacity to support the Town of Vail’s events and sense of community pride. Interns work two days per week and all supervision, training, mentoring, and support is provided by Walking Mountains Science Center. On Sundays the team of interns create a vibrant, fun, positive and interactive presence in the Town of Vail while staffing the Town’s Zero Hero recycling stations and providing education and outreach to Market guests, residents and vendors. On Thursdays the team of interns refine their education and outreach strategies, compile the results of surveys and feedback, train event volunteers, and support the Town of Vail with other environmental stewardship initiatives as needed. The Celebrate Green! environmental internship model is an economically efficient way to partner with the Town of Vail while supporting the Town in reaching its goals to: grow a balanced community, improve the quality of experience, and develop future leadership and building the capacity of the local economy including the locally-based Walking Mountains Science Center. Walking Mountains is contracted to conduct the Zero Hero Program at the Vail Farmers' Markets in 2014. 4/15/2014 STAFF RECOMMENDATION: Staff recommends the Vail Town Council continue to support to Zero Hero Summer Program. ATTACHMENTS: Zero Hero Summer Program 4/15/2014 Ze r o W a s t e 2 0 1 3 4/15/2014 To w n o f V a i l s t r i v e s f o r m a j o r f o o d e v e n t s t o b e Ze r o W a s t e t o m e e t 2 5 % w a s t e d i v e r s i o n g o a l . 4/15/2014 “Z e r o W a s t e ” A gu i d i n g p h i l o s o p h y e n c o u r a g i n g :  RE D E S I G N sy s t e m s t o r e d u c e c o n s u m p t i o n  RE U S E ex i s t i n g p r o d u c t s  RE C Y C L E & C O M P O S T wh a t w e o n c e co n s i d e r e d t r a s h 4/15/2014 Wh y Z e r o W a s t e ? • Con s e r v e E n e r g y & R e d u c e Air P o l l u t i o n • Mi t i g a t e Cli m a t e Cha n g e ( L a n d f i l l M e t h a n e ) • Re d u c e W a t e r U s e & P o l l u t i o n • Pr e v e n t T o x i c s Cre a t i o n • Mi n i m i z e U s e o f R a w M a t e r i a l s 4/15/2014 Ed u c a t i o n & O u t r e a c h T e n t s 4/15/2014 In t e r n s h i p w i t h C M C 4/15/2014 In t e r n R o l e s • Ou t r e a c h & E d u c a t i o n • Ve n d o r I n t e r a c t i o n • Vo l u n t e e r S u p e r v i s i o n • Co m p o s t S u r v e y • Ze r o W a s t e R e s e a r c h 4/15/2014 Co m p o s t Fi e l d T r i p 4/15/2014 Vol u n t e e r s 4/15/2014 Ven d o r s Gr e e n V e n d o r A w a r d – for a l l c o m p o s t a b l e p r o d u c t s 4/15/2014 Wa s t e D i v e r s i o n Au g u s t 1 2 th 54 % D i v e r s i o n b y W e i g h t 56 % D i v e r s i o n b y Volume Se p t e m b e r 2 2 nd 64 % D i v e r s i o n b y W e i g h t 48 % D i v e r s i o n b y Volume 4/15/2014 Di d y o u k n o w w e a r e c o m p o s t i n g a t t h e F a r m e r s M a r k e t? Res u l t s 1 st ha l f o f s u m m e r Res u l t s 2 nd ha l f o f s u m m e r 4/15/2014 Wo u l d y o u l i k e t o s e e c o m p o s t i n g a v a i l a b l e at m o r e e v e n t s ? An s w e r O p t i o n s % # Ye s 93 . 5 % 21 7 No 0. 9 % 2 Do n ' t C a r e 5. 6 % 1 3 To t a l # p e o p l e w h o a n s w e r e d q u e s t i o n : 2 3 2 4/15/2014 Wo u l d y o u s u p p o r t r e s i d e n t i a l c o m p o s t p i c k - u p ? An s w e r O p t i o n s % # Ye s 87 .9 % 10 9 No 4. 0 % 5 Do n ' t C a r e / O n l y i f F r e e 8. 1 % 1 0 # o f l o c a l r e s i d e n t s w h o a n s w e r e d q u e s t i o n : 1 2 4 4/15/2014 How m u c h a r e y o u w i l l i n g t o p a y f o r re s i d e n t i a l c o m p o s t p i c k - u p ? An s w e r O p t i o n s % # $0 17 . 3 % 9 $5 25 . 0 % 1 3 $1 0 36 . 5 % 19 $1 5 19 . 2 % 1 0 # o f r e s i d e n t s w h o a n s w e r e d q u e s t i o n : 5 2 # o f r e s i d e n t s w h o s k i p p e d q u e s t i o n : 5 4/15/2014 Te a m w o r k i s K e y “ T h e Z e r o W a s t e I n t e r n T e a m co m m e n d s T o w n o f Vai l em p l o y e e s — t h e y w e r e n i c e , h e l p f u l , al w a y s e f f i c i e n t a n d v e r y ac c o m m o d a t i n g . ” 4/15/2014 • Co m m u n i c a t e w i t h v e n d o r s e a r l y & o f t e n • Pr e - a p p r o v a l o f v e n d o r s e r v i c e - w a r e • Me a s u r e d i v e r s i o n r a t e s m o r e o f t e n • Se t d i v e r s i o n g o a l j u s t f o r t h e Vai l F a r m e r s ’ M a r k e t • Co m p o s t f r o m v e n d o r s a t t h e e n d o f t h e d a y • Im p r o v e s i g n a g e Re c o m m e n d a t i o n s 4/15/2014 Int e r n s s a i d … 20 1 3 “ Th i s w a s a v e r y p e r s o n a l l y r e w a r d i n g e x p e r i e n c e . I l e a r n e d s o m u c h ab o u t w a s t e , c o m p o s t a n d r e c y c l i n g ; a s w e l l a s h o w to b e t t e r s p r e a d t h e me s s a g e o n Z e r o W a s t e , a n d w h y i t i s i m p o r t a n t . T h e e x p e r i e n c e w a s ed u c a t i o n a l f o r m e , a n d I a l s o e d u c a t e d o t h e r s . ” "I n t e r n i n g w a s a g r e a t l e a r n i n g e x p e r i e n c e . I n o w ha v e a v a l u a b l e u n d e r s t a n d i n g o f n o t o n l y t h e im p o r t a n c e o f i m p l e m e n t i n g s u s t a i n a b i l i t y i n t o a co m m u n i t y , b u t a l s o h o w t o a c h i e v e r e s u l t s t h a t wi l l m a k e a p o s i t i v e i m p a c t o n t h e e n v i r o n m e n t f o r ge n e r a t i o n s t o c o m e . " 4/15/2014 Int e r n s s a i d … 20 1 3 “ Th e s u m m e r i n t e r n o p p o r t u n i t y p r o v i d e d s o m e e x t r e m e ly r e w a r d i n g in s i g h t s i n r e g a r d s t o a c h i e v i n g g o a l s w i t h i n s u s t a in a b i l i t y . As n e w s y s t e m s , pr o c e s s e s , i d e a s , p o l i c i e s a n d o p p o r t u n i t i e s c o m e t o l i f e , t h e w a y w e ga t h e r i n f o r m a t i o n , p r o v i d e i n f o r m a t i o n a n d i m p l e m e nt i d e a s c a n b e c o m e di f f i c u l t p a t h w a y s t o n a v i g a t e . B e i n g a b l e t o w o r k wi t h t h e T o w n o f V a i l , th e F a r m e r s M a r k e t , a n d t h e r e c y c l i n g & c o m p o s t i n g fa c i l i t i e s w a s a g r e a t ch a n c e t o s e e h o w t h e p i e c e s c a n f i t t o g e t h e r t o w a r d r e a c h i n g n e w g o a l s wi t h i n s u s t a i n a b i l i t y . ” 4/15/2014 Tha n k Y o u ! 4/15/2014 Que s t i o n s ? 4/15/2014 VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: April 15, 2014 ITEM/TOPIC: Discussion of Next Steps for Expanded Air Service PRESENTER(S): Kelli McDonald, Economic Development Manager and Chris Romer, Vail Valley Partnership ACTION REQUESTED OF COUNCIL: Provide direction for next steps to achieve the goal of expanded air service BACKGROUND: The Vail Town Council has identified as one of their goals to enhance economic vitality by growing a diverse and vibrant economy that keeps Vail at the forefront of our resort competitors for the long term with continued opportunities for private and public investment and philanthropy. One of the outcomes of this goal is to provide leadership to expand air service with a continued focus on securing an international air terminal. The Council, Town staff and Eagle County Commissioners participated in an expanded discussion and presentations by the Eagle County Regional Airport representatives and Eagle Air Alliance representatives in a special work session at the airport on April 1. Key points of discussion were: The Eagle County Regional Airport master plan identifies growth of 3% per year for commercial air service for the next 20 years; Opportunities for international air service are identified as Mexico and Latin America being the fastest growing markets for Vail and Beaver Creek; International charter flights; Flight pricing; Target markets of Washington D.C., Charlotte, Las Vegas, expansion in Minneapolis, Chicago in summer; Paid parking at the airport; Long term sustainable funding for flights; Modest investment from the state to relieve I-70 congestion ATTACHMENTS: Expanded Air Service Council Memo 041514 4/15/2014 To: Vail Town Council From: Kelli McDonald, Economic Development Manager Chris Romer, Vail Valley Partnership Date: April 15, 2014 Subject: Discussion of Next Steps for Expanded Air Service I. BACKGROUND The Vail Town Council has identified as one of their goals to enhance economic vitality by growing a vibrant and diverse economy that keeps us at the forefront of our resort competitors for the long term with continued opportunities for private and public investment and philanthropy. One of the outcomes of this goal is to provide leadership to expand air service with a continued focus on securing an international air terminal. The Council, Town staff and Eagle County Commissioners participated in an expanded discussion and presentations by the Eagle County Regional Airport representatives and Eagle Air Alliance representatives in a special work session at the airport on April 1. Key points of discussion were:  The Eagle County Regional Airport master plan identifies incremental growth of 3% per year for commercial air for the next 20 years  Opportunities for international air service are identified as Mexico and Latin America being the fastest growing markets for Vail and Beaver Creek  International charter flights  Flight pricing  Target markets of Washington D.C., Charlotte, Las Vegas, expansion in Minneapolis, Chicago in summer  Paid parking at the airport  Long term sustainable funding for flights  Modest investment from the state to relieve I-70 congestion II. ACTION REQUESTED OF COUNCIL Provide direction for next steps to achieve the goal of expanded air service 4/15/2014 VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: April 15, 2014 ITEM/TOPIC: Park City Peer Resort Visit Follow-Up Discussion. PRESENTER(S): Town Council and Staff ACTION REQUESTED OF COUNCIL: Identify additional follow-up actions as needed. BACKGROUND: Representatives from the Town Council, staff and other sectors of the community visited Park City on April 2-4 as a component of the Town Council’s work plan to develop a long-term strategy to enhance Vail’s competitiveness. The visit included tours of the U.S. Ski and Snowboard Association Center of Excellence, Utah Olympic Park, the Eccles Center for the Performing Arts, Historic Downtown and various recreation facilities, as well as presentations and one-on-one discussions with elected officials and city and chamber staff. A delegation from the Lake Tahoe area also participated. A peer resort visit to Aspen will take place in October. ATTACHMENTS: Park City Overview Park City Chamber Park City Transit Park City Walkability Trails and Open Space Tahoe Overview Truckee Overview Town of Vail Overview 4/15/2014 Park City Municipal Diane Foster City Manager 4/15/2014 4/15/2014 •Citizens •Mayor & Council •City Manager •City Teams 4/15/2014 4/15/2014 Park City 2030 Strategic Plan Council Goals Budget (BFO) Performance Measures 4/15/2014 PC 2030 (Long-Term Strategic Plan) 4 Council Goals Desired Outcomes BFO Programs (City services that help derive the budget) Key Indicators (High-level indicators taken from PMs) Performance Measures (Quantitative results that measure products, services, and processes) Quarterly Goals (High-level Action Steps to achieve Council’s goals) Business Plans (Departmental one-year project and task plans) Biennial Strategic Plans COMMUNITY VISION & VALUES General Plan Land Management Code (Zoning – Development Standards) 4/15/2014 PC 2030 (Long-Term Strategic Plan) 4/15/2014 PC 2030 (Long-Term Strategic Plan) 4 Council Goals Desired Outcomes BFO Programs (City services that help derive the budget) Key Indicators (High-level indicators taken from PMs) Performance Measures (Quantitative results that measure products, services, and processes) Quarterly Goals (High-level Action Steps to achieve Council’s goals) Business Plans (Departmental one-year project and task plans) Biennial Strategic Plans COMMUNITY VISION & VALUES General Plan Land Management Code (Zoning – Development Standards) 4/15/2014 4/15/2014 PC 2030 (Long-Term Strategic Plan) 4 Council Goals Desired Outcomes BFO Programs (City services that help derive the budget) Key Indicators (High-level indicators taken from PMs) Performance Measures (Quantitative results that measure products, services, and processes) Quarterly Goals (High-level Action Steps to achieve Council’s goals) Business Plans (Departmental one-year project and task plans) Biennial Strategic Plans COMMUNITY VISION & VALUES General Plan Land Management Code (Zoning – Development Standards) 4/15/2014 •World-Class, Multi-Seasonal Resort Destination •Preserving & Enhancing the Natural Environment •An Inclusive Community of Diverse Economic & Cultural Opportunities •Responsive, Cutting-Edge & Effective Government Council Goals 4/15/2014 PC 2030 (Long-Term Strategic Plan) 4 Council Goals Desired Outcomes BFO Programs (City services that help derive the budget) Key Indicators (High-level indicators taken from PMs) Performance Measures (Quantitative results that measure products, services, and processes) Quarterly Goals (High-level Action Steps to achieve Council’s goals) Business Plans (Departmental one-year project and task plans) Biennial Strategic Plans COMMUNITY VISION & VALUES General Plan Land Management Code (Zoning – Development Standards) 4/15/2014 4/15/2014 Regional Water Agreement Sundance Agreement •General Plan Update •Old Town Intensive Historic Survey •Treasure Hill Project Resolution Council 2013 Areas of Focus 4/15/2014 Council 2014 Areas of Focus •Middle Income & Affordable Housing •Increase citizen involvement •Historic Preservation •Lower Park Avenue Redevelopment Plan •Transportation: Congestion reduction 4/15/2014 Council 2014 Areas of Focus •Increase Green Building Standards •Open Space Acquisition •Water Conservation •Renewable energy action plan •Plan for Clean Safe Soils •Regional Collaboration •Broadband/fiber 4/15/2014 4/15/2014 4/15/2014 4/15/2014 ID Task Name Start/Ongoing Finish Duration 2015 SepFebAprJunMarMay 20d12/19/201411/24/2014BFO Departmental Submission 1 23d1/31/20141/1/2014FIAR, Strategic Budget Preparation 2 3d1/31/20141/29/2014Council Visioning 2014 3 31d3/31/20142/17/2014Results Team deliberation AugJanJul 45d9/1/20147/1/2014Business Plan FY14 Update 11d1/15/20151/1/2015Quarterly Goal Update (Q2.FY15) 4 11d4/15/20144/1/2014Quarterly Goal Update (Q3.FY14) 5 43d6/30/20145/1/2014Council Budget Hearings 23d1/15/201512/16/2014Biennial Plan FY15-16 Off-year Update 7 45d9/1/20147/1/2014Biennial Plan FY15 & 16 Revision 11d7/15/20147/1/2014Quarterly Goal Update (Q4.FY14)6 9 8 11d10/15/201410/1/2014Quarterly Goal Update (Q1.FY15) 10 11 12 Oct Nov Dec Jan 4/15/2014 4/15/2014 4/15/2014 4/15/2014 4/15/2014 4/15/2014 4/15/2014 4/15/2014 4/15/2014 4/15/2014 4/15/2014 4/15/2014 4/15/2014 4/15/2014 4/15/2014 4/15/2014 4/15/2014 4/15/2014 4/15/2014 4/15/2014 4/15/2014 4/15/2014 $3.5M $3.0M $2.5M $2.0M $1.5M $1.0M $500K TRT Rev By Qtr. $3,229,825 1st Quarter $515,686 2nd Quarter $886,481 3rd Quarter 4th Quarter $1,257,220 4/15/2014 4/15/2014 4/15/2014 Park City Transit Service Area 4/15/2014 Rider Profile - Winter 40% Recreation Trips 48% Visitors 49% Seasonal Employees 56% No Car for Trip 77% Drivers License 55% 50K or Less Annual Income 4/15/2014 Rider Profile - Summer •52% Recreation Trips •41% Visitors •49% Year Round Full Time FTE •51% No Car For Trip •57% 50K or Less Annual Income 4/15/2014 Transit System History •1974: 1st buses operated •1976:Transit Sales Tax •1980(ish) : Resort Tax & Business License Fees •2003: Summit County Service •2011: PC-SLC Service 4/15/2014 Winter Service (21.5 Hours per day) •Local •9 Fixed Routes •1 Dial-A-Ride •ADA Para-transit •Regional •4 County Routes •1 Intercity •ADA Para-transit 4/15/2014 Summer Service (15 hours per day) •Local •5 fixed routes •1 Dial-A-Ride •ADA paratransit •Regional •4 routes •1 Intercity •ADA paratransit 4/15/2014 System Metrics •2 Million riders per yr. •$2.72 Subsidy per pass. •23.6 Passenger per hr. •1.7 Passenger per mile 4/15/2014 Transit Facilities – Old Town Transit Center •Old Town Transit Center •1200 sq’ indoor seating area. •11 bus bays •Training Room •Information Counter 4/15/2014 Transit Facilities – Maint. Facility •60 Bays •8 Mechanic Bays •Bus Wash •Parts Room •Fuel Depot •Administrative Offices •Employee Housing 4/15/2014 Transit Facilities - Shelters •42 Shelters •Solar Lighting •Art Program 4/15/2014 Transit Equipment •29 - 35’ Low Floor Buses. •32 Seats •ADA Accessible 4/15/2014 Transit Equipment - Trolley •Main Street Icon •30 Seats •Natural Oak Interior 4/15/2014 Transit Equipment -25’ Cutaway •5 25’ Cutaways •4X4 •ADA Paratransit •18 Seats 4/15/2014 Transit Equipment – 45’ MCI Coach •Intercity routes •47 reclining seats •On-board Wi-Fi 4/15/2014 Information Technology •AVL-GPS •Real Time Info •Signal Prioritization •ITS 4/15/2014 Organization 4/15/2014 Finance & Budget Revenues Transit Tax Sales Tax Business License Regional Transit FTA 5311 4/15/2014 Inter-agency Cooperation •Partners •Private •Public •Letters of Intent •Co-Op Agreements •Transit Advisory Boards 4/15/2014 Main Street Parking Program •1356 Spaces •Time Limit Zones •33 Meters •Pay By Cell 4/15/2014 Residential Parking Program •5 Residential Zones •Approx 1100 permits 4/15/2014 Transportation Planning 4/15/2014 Primary Function: Planning and Efficient Operation of State Highway Corridors (SR 248 & SR 224) In Cooperation with UDOT & Other Key Stakeholders 4/15/2014 Long Range Objectives •Corridor Identification and Preservation •Bus Rapid Transit •Transportation Options •Reduce Single Occupant Vehicles through Regional Transit & Transit Demand Management 4/15/2014 PCMC Walkability, Trails and Open Space Walkability -Walkability Study (included Traffic Calming measures) -2007 $15M Bond -WALC Committee -Adopted Project List (36 projects) -Operations Budget Focus on -Class I separated paths -Underpasses/ Crossings -Way finding -Conjunction with Transit 4/15/2014 PCMC Walkability, Trails and Open Space Urban Pathways (Garage is Trailhead) Trailheads (Major/Neighborhood) (Disperse Use) Trails (150/300) Seamless network/Resorts & Basin (Transit) Designated use/direction (etiquette/Mountain Trails) Multi-seasonal expansion (Winter/Nordic/Bikes) Accolades/Marketing (IMBA/Outside) Special Events (Dealer/Press Camps) (fee structure) E-bikes Aging Community 4/15/2014 PCMC Walkability, Trails and Open Space Over 8,000 acres of Open Space •Resorts 4,000 $40M in GO Bonds •1998, 2002, 2006 Ongoing Funding •Resort City Sales Tax .5% increase Conservation Easements Management/Maintenance •Weeds, Infrastructure/Plans 4/15/2014 PCMC Walkability, Trails and Open Space Bike Lanes Sharrows E-bikes/segways Relationship with Forest Service Dogs (offleash) Easements/ Stewardship Land Trusts Maintenance/Plans 4/15/2014 The Lake Tahoe Region From the Jewel of the Sierra To Park City 4/15/2014 Only a handful of lakes in the world have Lake Tahoe’s combination of spectacular natural features along with its significant size and depth – and it’s not a national park. 4/15/2014 THE WATERSHED 501 sq. miles 192 sq. miles lake surface area 12 miles wide 22 miles long 72 miles of shoreline 1,625 ft. deep 6,223 ft. natural rim elevation 53,000 year- round residents Majority of property owners are part-time residents USFS and States manage 90% of land 600+ yr. retention rate 4/15/2014 4/15/2014 4/15/2014 BI-STATE COMPACT Requires integrated transportation and land use planning Created the Tahoe Transp. District Both states recently passed Compact amendments Outside of the Compact, TRPA legally designated as Metropolitan Planning Org. 4/15/2014 2 states: CA, NV (183 state legislators) 5 counties/ 1 city (30 locally elected officials) Federal Government 4/15/2014 Area Planning Framework One-Stop Permitting for Most Projects 4/15/2014 Regional Plan Focus: Sustainable “environmental redevelopment” and walkable/bikeable communities 4/15/2014 Environment and the Economy are Inextricably Linked 4/15/2014 Lake Tahoe, South Shore 4/15/2014 Lake Tahoe, North Shore Lake Tahoe, North Shore 4/15/2014 Truckee, CA 4/15/2014 Thank You! 4/15/2014 4/15/2014 BEFORE AFTER 4/15/2014 Angora Wildfire June 2007 4/15/2014 4/15/2014 4/15/2014 Town of Truckee, CA April 2014 4/15/2014 Where is Truckee? •Sierra Nevada mountains •5,540-7,500 elevation •I-80 corridor •30 mi. west of Reno, NV •12 mi. north of Lake Tahoe •100 mi. northeast of Sacramento 4/15/2014 Where is Truckee? Stats: •34 sq. miles •15,918 people •12,893 homes •200 historic properties Sacramento Interstate I-80 To Lake Tahoe To Reno, NV 4/15/2014 ∗Incorporated in 1993 (150 years old) ∗Town limits encompass 156 mi. of roadway ∗History of railroad, logging, ice ∗Recreation-based resort community Truckee Overview 4/15/2014 Truckee Overview General Fund Revenue 4/15/2014 Truckee Overview Sales Tax Revenue 4/15/2014 4/15/2014 Truckee Transit Services 4/15/2014 ∗ ∗ ∗State Funds – LTF & STA ∗Federal Funds – 5311 ∗CTS Funding ∗Grants ∗Partnership Contributions ∗Private Contributions ∗Farebox Truckee Transit Budget 4/15/2014 ∗ ∗1 to 2 buses ∗6 / 7 days per week ∗Service hours vary by season ∗15,700 annual one-way trips ∗Serves core of Truckee (non-winter) ∗Serves Donner Summit Ski Resorts Current Truckee Services 4/15/2014 ∗ ∗1 to 2 buses ∗6 / 7 days week ∗8:00am – 5:00pm ∗12,500 annual one-way trips ∗Available to general public ∗Serves all Truckee residential areas Current Truckee Services 4/15/2014 ∗ ∗ ∗$2 senior/disabled/child under 12 ∗$6 general public ∗ ∗$1 senior/disabled ∗$1.50 child under 12 ∗$2.50 adult ∗Free child under 3 ∗Ski resort employees ride fare free (winter only) Current Truckee Services 4/15/2014 ∗ ∗Farebox – 22% ∗Cost/Pax Trip - $30 ∗Cost/VSH - $112 ∗Pax/VSH – 3.74 Current Truckee Services 4/15/2014 ∗Donner Summit ski resorts & NLTRA ∗Placer County (TART) ∗Truckee North Tahoe Transportation Management Association ∗North Lake Tahoe Resort Association ∗Resort Triangle Transportation Vision Coalition ∗Community Collaborative ∗Truckee Tomorrow ∗Senior Focus Group Partnerships 4/15/2014 ∗Funding ∗Geography of Truckee ∗Distance between eastern and western Nevada County ∗Local and Visitor Transit Needs ∗Coordinating Fragmented Services Transit Challenges 4/15/2014 Thank You! ∗ ∗dnishimori@townoftruckee.com ∗530-582-2934 ∗ ∗kbeede@townoftruckee.com ∗530-582-2489 4/15/2014 State of the Town of Vail Welcome - Mayor Andy Daly PARK CITY PEER RESORT VISIT April 3, 2014 4/15/2014 Vail Town Council Areas of Focus 2014 – 2016 2014 - 2016 2 Town of Vail | Peer Resort Visit | 4/3/14 4/15/2014 State of the Town Presentations - Town Manager Stan Zemler PRESENTATIONS •Town of Vail Economy •Economic Development •Environmental Sustainability •Housing •Colorado’s Marijuana Law •Vail Village Character Study •2015 FIS Alpine World Ski Championships Town of Vail | Peer Resort Visit | 4/3/14 4/15/2014 Vail Ends 2013 in a Strong Position KEY MEASURES OF FISCAL HEALTH BALANCED BUDGET •Total revenue of $54M exceeded budget by 2% or $1.1M •General Fund operations generated savings of $1M or 3% of budget •Capital expenditures are in line with long-term plan including $20M budgeted in 2013 available to complete projects in future years HEALTHY RESERVES Reserves are strong at $34M compared with $8M required to meet Council’s target of 25% of General Fund revenue NO TOWN-ISSUED DEBT $10.8M Vail Reinvestment Authority bonds outstanding are fully funded from incremental property taxes resulting from Lionshead redevelopment 4 Town of Vail | Peer Resort Visit | 4/3/14 4/15/2014 Vail Ends 2013 in a Strong Position KEY MEASURE OF FISCAL HEALTH – RESERVE FUNDS 5 Town of Vail | Peer Resort Visit | 4/3/14 - 10 20 30 40 50 60 70 80 2004 2010 2013 Forecast Mi l l i o n s Accumulating Reserves Allows Cash Funding of Important Projects All Other Conference Center Fund RETT Fund Capital Projects Fund General Fund Reserve Min Ford Park Fields and Amphitheater Remodel - $10.4M Vail Village Welcome Center Remodel (pending) - $1.3M Golf & Nordic Center Clubhouse (pending) - $6.5M West Vail Fire Station- $5.3M Bike Lanes & Public Parking- $3.8M Guest Service Enhancements and Wayfinding -$2.5M $34.1M Timber Ridge Debt Repayment - $16.0M Special “Iconic” Event Funding - $2.4M $32.6M $74.3M 4/15/2014 Vail Ends 2013 in a Strong Position KEY MEASURES OF VAIL’S ECONOMY Sales tax is 40% of municipal revenue and provides a good representation of Vail’s economy 2013 collections are a record $22M •up 10% from prior record in 2012 •up 12% from pre-recession high Recovery from the recession is evident in all categories •Lodging fell the most in 2009, 20%, and experienced greatest growth since, 49% in 4 years •Food & Beverage fell 11% in 2009 and grew 41% in 4 years •Retail fell the least at 8% in 2009 and still grew a healthy 26% in 4 years 6 Town of Vail | Peer Resort Visit | 4/3/14 - 5 10 15 20 25 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Mi l l i o n s 10-Year Sales Tax Collections by Category Retail Lodging Food & Beverage Utilities & Other (14)% 7% 8% 6% 4% 5% 11% 2% 10% 4/15/2014 Vail Ends 2013 in a Strong Position KEY DRIVERS OF VAIL’S ECONOMY Private Redevelopment Redeveloped properties have generated more than $12.4M in sales tax since 2007 In 2013 redeveloped properties contributed $2.3M or 10.5% of total sales tax Over time, the mix of properties has changed as five-year-old properties fall off and new properties are added Lodging from redeveloped properties is the largest category generating half of the sales tax from redeveloped properties 7 Town of Vail | Peer Resort Visit | 4/3/14 - 5.0 10.0 15.0 20.0 25.0 2007 2008 2009 2010 2011 2012 2013 18.7 18.5 15.8 16.1 16.9 16.7 19.6 0.3 1.1 1.1 1.6 2.7 3.3 2.3 Sales Tax from Redeveloped Properties ($ millions) Base Redeveloped Properties 4/15/2014 Vail Ends 2013 in a Strong Position KEY DRIVERS OF VAIL’S ECONOMY Private Redevelopment Redeveloped properties opening for business beginning in 2007 included the Marketplace, Arrabelle, Vail Plaza Hotel/Sebastian, and Mountain Plaza Manor Vail, Solaris, Four Seasons and Ritz-Carlton followed in 2008 -2010 Most recently, renovation of businesses on Meadow Drive replaced the earlier Marketplace group of businesses On-mountain amenities bring visitors, but are not tracked by the town 8 Town of Vail | Peer Resort Visit | 4/3/14 4/15/2014 Vail Ends 2013 in a Strong Position KEY DRIVERS OF VAIL’S ECONOMY New Town of Vail Amenities Keeping pace with new private development, the town has added new public amenities including: 9 Town of Vail | Peer Resort Visit | 4/3/14 Funded from Reserves Ford Park Field and Amphitheater Remodel $10.4M Golf and Nordic Center Clubhouse (pending) $ 6.5M West Vail Fire Station $ 5.3M Guest Service Enhancements and Wayfinding $ 2.5M Main Vail Fire Station Renovation $ 2.4M Vail Village Welcome Center Remodel (pending) $ 1.3M Funded from Vail Reinvestment Authority Lionshead Welcome Center $ 7.9M Lionshead Transit Center $ 5.8M East and West Entrances to Lionshead Village $ 2.7M Vail Library Renovation $ 2.2M Sunbird Park $ 850K 4/15/2014 State of the Town PRESENTATIONS •Town of Vail Economy •Economic Development Environmental Sustainability •Housing •Colorado’s Marijuana Law •Vail Village Character Study •2015 FIS Alpine World Ski Championships Town of Vail | Peer Resort Visit | 4/3/14 4/15/2014 Vail Ends 2013 in a Strong Position KEY MEASURES OF VAIL’S ECONOMY Lodging occupancy is a measure of destination guests filling our short-term rental properties Average daily rate (ADR) measures pricing power of our short-term rental properties Chart data is provided by DestiMetrics based on a sample representing 61% of Vail’s estimated 4,000 short-term rental units and competitive resorts data as included in DestiMetrics database 11 Town of Vail | Peer Resort Visit | 4/3/14 Lodging Occupancy Average Daily Rate December 2013 55.7% $556 December 2012 49.1% $503 Vail’s Increase 13.4% 10.4% Competitive Resorts Increase 6.5% 6.5% 4/15/2014 Vail Ends 2013 in a Strong Position KEY DRIVERS OF VAIL’S ECONOMY Marketing and Special Events Vail Local Marketing District Advisory Committee (VLMDAC) focuses on marketing Vail with $2.6M generated from 1.4% lodging tax 12 Town of Vail | Peer Resort Visit | 4/3/14 4/15/2014 Vail Ends 2013 in a Strong Position KEY DRIVERS OF VAIL’S ECONOMY Marketing and Special Events •Commission on Special Events (CSE) supported 33 events with $913K of General Fund dollars in 2013 13 Town of Vail | Peer Resort Visit | 4/3/14 4/15/2014 Vail Ends 2013 in a Strong Position KEY DRIVERS OF VAIL’S ECONOMY Marketing and Special Events Town Council allocated $2.4M from General Fund reserves since 2011 for “iconic” special events including 2015 World Alpine Ski Championships, Burton US Open Snowboarding Championships and USA Pro Challenge 14 Town of Vail | Peer Resort Visit | 4/3/14 4/15/2014 Vail Ends 2013 in a Strong Position KEY DRIVERS OF VAIL’S ECONOMY Marketing and Special Events Research from RRC Associates estimates an economic impact of over $52M to Vail’s businesses generated through more than 345K attendee days at 30 events tracked in 2013 15 Town of Vail | Peer Resort Visit | 4/3/14 4/15/2014 Vail Ends 2013 in a Strong Position VAIL IS WELL-POSITIONED FOR FUTURE SUCCESS FISCAL STRENGTH •Annual revenue over $50M •Conservative budgeting philosophy •Healthy reserves •No town-issued debt ECONOMIC DRIVERS •Strategic marketing •Multitude of special events •Private redevelopment/renewal •New town amenities 16 Town of Vail | Peer Resort Visit | 4/3/14 4/15/2014 State of the Town PRESENTATIONS •Town of Vail Economy •Economic Development •Environmental Sustainability •Housing •Colorado’s Marijuana Law •Vail Village Character Study •2015 FIS Alpine World Ski Championships Town of Vail | Peer Resort Visit | 4/3/14 4/15/2014 18 Town of Vail | Peer Resort Visit | 4/3/14 1.Waste Diversion 2.Energy and Greenhouse Gas Emissions 3.Ecosystem Health 4.Social and Economic Development 5.Public Education 6.Transportation Environmental Sustainability 6 GOALS 4/15/2014 Community Wide Recycling 19 Town of Vail | Community Development | 3/11/14 RECYCLING ADVISORY COMMITTEE PROGRAM GOALS 4/15/2014 Gore Creek AN ICONIC FEATURE 20 •Economic Driver, Key Resource •303(d) Listing •Gore Creek Water Quality Improvement Plan •Gore Creek Strategic Action Plan Caddisfly Mayfly Stonefly “The Purpose of the WQIP is to define actions to improve biological health…to achieve attainment of aquatic life use and guide planning and implementation…” Town of Vail | Peer Resort Visit | 4/3/14 4/15/2014 Environmental Sustainability PROGRAMS REACH THE VALLEY 4/15/2014 State of the Town PRESENTATIONS •Town of Vail Economy •Economic Development •Environmental Sustainability •Housing •Colorado’s Marijuana Law •Vail Village Character Study •2015 FIS Alpine World Ski Championships Town of Vail | Peer Resort Visit | 4/3/14 4/15/2014 Workforce Housing VAIL’S AFFORDABLE HOUSING PROGRAMS “To ensure there is deed restricted housing for at least 30% of Vail’s workforce within the Town of Vail.” (Town of Vail Employee housing Strategic Plan, 2008) 23 Town of Vail | Peer Resort Visit | 4/3/14 Final Report March 29, 2012 4/15/2014 Workforce Housing VAIL’S AFFORDABLE HOUSING 24 Town of Vail | Peer Resort Visit | 4/3/14 Payment in Lieu Fees Collected = $421, 841 9,100 Jobs $182.39/ Sq. Ft. Improved Guest Service 3% Higher STABILITY 4/15/2014 Workforce Housing VAIL’S CURRENT PROJECTS Timber Ridge Village Redevelopment •Town -owned property •198 two bedroom deed-restricted rental units •Constructed in 1970’s •10 acres site •Approval to build 113 new units •1/3 one bedroom 2/3 two bedroom •35-year ground lease •$25 million cost est. •Completion early Fall 2015 25 Town of Vail | Peer Resort Visit | 4/3/14 4/15/2014 Workforce Housing VAIL’S CURRENT PROJECTS Chamonix Market Study & Master Plan •3.6 acre vacant site •Target Market – Families (80% - 140% AMI) •Mix of condominiums and duplex •58 for-sale units •Phased development •Price Appreciation Cap •Partnerships with Stakeholders 26 Town of Vail | Peer Resort Visit | 4/3/14 4/15/2014 State of the Town PRESENTATIONS •Town of Vail Economy •Economic Development •Environmental Sustainability •Housing •Colorado’s Marijuana Law •Vail Village Character Study •2015 FIS Alpine World Ski Championships Town of Vail | Peer Resort Visit | 4/3/14 4/15/2014 Colorado’s Marijuana Law AMENDMENT 64 – USE AND REGULATION OF MARIJUANA Shall there be an amendment to the Colorado constitution concerning marijuana, and in connection therewith, providing for the regulation of marijuana; permitting a person twenty-one years of age or older to consume or possess limited amounts of marijuana; providing for licensing of cultivation facilities, product manufacturing facilities, testing facilities, and retail stores; permit local governments to regulate or prohibit such facilities; requiring the general assembly to enact an excise tax to be levied upon wholesales sales of marijuana; requiring that the first $40 million in revenue raised annually by such tact be credited to the public school capital construction assistance fund; and requiring the general assembly to enact legislation governing the cultivation, processing and sales of industrial hemp. 28 Town of Vail | Peer Resort Visit | 4/3/14 4/15/2014 Colorado’s Marijuana Law AMENDMENT 64 – USE AND REGULATIONS 29 Town of Vail | Peer Resort Visit | 4/3/14 1,383,140 55% 1,116,894 45% Yes No 2,114 75% 660 24% Statewide Voter Turnout – 68.55% Total Votes 2,500,033 Statewide Vote Vail Vote 4/15/2014 Colorado’s Marijuana Law VAIL’S RESPONSE •2000 - Constitutional Amendment 20 was passed allowing the sale of medical marijuana in the State of Colorado. •2010 - The Vail Town Council placed a 180-day temporary ban on the accepting or processing applications for medical marijuana dispensaries and prohibited the operation of medical marijuana dispensaries. •2012 - Constitutional Amendment 64 was passed allowing the retail sale of marijuana for recreational use. •2013 - The Vail Town Council placed temporary bans on the operation of retail marijuana establishments. The temporary ban is in effective until July 31, 2014. •2014 - Forming a Recreational Marijuana Working Group (10 -12 members) to engage community stakeholders on the issue of retail marijuana establishment operations policy. 30 Town of Vail | Peer Resort Visit | 4/3/14 4/15/2014 Colorado’s Marijuana Law MORE QUESTIONS THAN ANSWERS 1.What types of retail marijuana establishments (i.e., retail stores, cultivation facilities, product manufacturing facilities, testing facilities, etc.)? 2.Create a licensing structure different from the state licensing structure (i.e., more restrictive). Adopt a local licensing structure? Operations fees? Additional tax? 3.Reconsider policy on medical marijuana centers? If so, allow for dual operations (co- location of medical and retail marijuana businesses)? 4.Impacts on tourism, image and the Vail Brand? Role of community stakeholders in the policy process (Vail Resorts, lodging/hospitality, CSE, VLMD, guests,etc.) 31 Town of Vail | Peer Resort Visit | 4/3/14 4/15/2014 Colorado’s Marijuana Law PUBLIC EDUCATION 32 Town of Vail | Peer Resort Visit | 4/3/14 4/15/2014 State of the Town PRESENTATIONS •Town of Vail Economy •Economic Development •Environmental Sustainability •Housing •Colorado’s Marijuana Law •Vail Village Character Study •2015 FIS Alpine World Ski Championships Town of Vail | Peer Resort Visit | 4/3/14 4/15/2014 Vail Village Character Study IMAGES OF VAIL 34 Town of Vail | Peer Resort Visit | 4/3/14 4/15/2014 Vail Village Character Study IMAGES OF VAIL 35 Town of Vail | Peer Resort Visit | 4/3/14 4/15/2014 State of the Town PRESENTATIONS •Town of Vail Economy •Economic Development •Environmental Sustainability •Housing •Colorado’s Marijuana Law •Vail Village Character Study •2015 FIS Alpine World Ski Championships Town of Vail | Peer Resort Visit | 4/3/14 4/15/2014 2015 FIS Alpine World Ski Championships VAIL - BEAVER CREEK FEB. 2–15, 2015 37 Town of Vail | Peer Resort Visit | 4/3/14 4/15/2014 Thank You! 4/15/2014 VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: April 15, 2014 ITEM/TOPIC: 2013 Year-end Investment Report PRESENTER(S): Judy Camp ACTION REQUESTED OF COUNCIL: No formal action requested - informational only BACKGROUND: Section 2-2-8 of the Town Code requires an annual presentation of the town's investment report, which is also provided as a written report each quarter. This agenda item is a presentation of the town's investment report as of December 31, 2013. STAFF RECOMMENDATION: None ATTACHMENTS: Investmts 4/15/2014 20 1 3 I n v e s t m e n t R e p o r t FI N A N C E Ap r i l 1 5 , 2 0 1 4 4/15/2014 Po l i c y O b j e c t i v e s St a t e d i n t h e V a i l T o w n C o d e – I n v e s t m e n t P o l i c y 2 To w n  of  Va i l    |   Fi n a n c e |    4/ 1 5 / 2 0 1 4 1. S a f e t y 2. L i q u i d i t y 3. Y i e l d 4/15/2014 Yi e l d 20 1 3 c o n t i n u e d t o b e a d i f f i c u l t y i e l d e n v i r o n m e n t Tr e a s u r y y i e l d s i m p r o v e d ye a r o v e r y e a r o n t h e s h o r t an d l o n g e n d , b u t d e c l i n e d so m e w h a t i n t h e m i d d l e Th e F e d e r a l R e s e r v e co n t i n u e d i t s l o w i n t e r e s t r a t e po l i c y a n d a s s e t p u r c h a s e pr o g r a m 3 To w n  of  Va i l    |   Fi n a n c e |    4/ 1 5 / 2 0 1 4 3 Mo s . 6  Mo s . 1  Yr . 2  Yrs.5 Yrs. 31 ‐De c ‐12 0. 0 5 % 0 . 1 1 % 0 . 1 6 % 0 . 2 5 % 0 . 7 2 % 31 ‐De c ‐13 0. 0 7 % 0 . 1 0 % 0 . 1 3 % 0 . 3 8 % 1 . 7 5 % 0. 0 0 % 0. 5 0 % 1. 0 0 % 1. 5 0 % 2. 0 0 % TR E A S U R Y Y I E L D S 4/15/2014 To w n o f V a i l R e s u l t s Co m p a r e d w i t h b e n c h m a r k 1 y e a r T r e a s u r y To w n ’ s a v e r a g e y i e l d d i p p e d in Q 1 t h e n r e c o v e r e d i n Q 2 th r o u g h Q 4 1 y e a r T r e a s u r y f l u c t u a t e d so m e w h a t b u t r e m a i n e d st u b b o r n l y l o w a l l y e a r By y e a r - e n d , t h e s p r e a d be t w e e n t h e T O V y i e l d a n d th e b e n c h m a r k w i d e n e d t o 7 2 ba s i s p o i n t s 4 To w n  of  Va i l    |   Fi n a n c e |    4/ 1 5 / 2 0 1 4 Q4  12 Q 1  13 Q 2  13 Q 3  13Q4 13 1 Ye a r  Tr e a s u r y 0. 1 6 % 0 . 1 4 % 0 . 1 5 % 0 . 1 0 % 0 . 1 3 % To w n  of  Va i l 0. 7 9 % 0 . 7 1 % 0 . 8 1 % 0 . 7 9 % 0 . 8 5 % 0. 0 0 % 0. 1 0 % 0. 2 0 % 0. 3 0 % 0. 4 0 % 0. 5 0 % 0. 6 0 % 0. 7 0 % 0. 8 0 % 0. 9 0 % YI E L D C O M P A R I S O N 4/15/2014 St r a t e g y In v e s t m e n t M i x 5 To w n  of  Va i l    |   Fi n a n c e |  4/ 1 5 / 2 0 1 4 Co l o r a d o   Po o l 21 % CD's 23% Go v ' t   Se c u r i t i e s 35 % Ca s h 21 % De c e m b e r  31 ,  2013 Co l o r a d o   Po o l 35 % CD ' s 21 % Go v ' t   Se c u r i t i e s 28 % Ca s h 16 % De c e m b e r  31 ,  20 1 2 4/15/2014 St r a t e g y Ma t u r i t y 6 To w n  of  Va i l    |   Fi n a n c e  |   4/ 1 5 / 2 0 1 4 < 1yr 51 % 1‐2 yr s 5% 2‐5 yr s 38 % > 5 yr s 6% De c e m b e r  31 ,  20 1 3 < 1 ye a r 56 % 1‐2 yr s 7% 2‐5 yr s 32 % > 5 yr s 5% De c e m b e r  31 ,  20 1 2 4/15/2014 20 1 4 I n v e s t m e n t S t r a t e g y 7 To w n  of  Va i l    |   Fi n a n c e  |   4/ 1 5 / 2 0 1 4 Ex p e c t t h e l o w i n t e r e s t r a t e e n v i r o n m e n t t o c o n t i n u e St i c k t o o u r i n v e s t m e n t p o l i c y o b j e c ti v e s : s a f e t y , l i q u i d i t y , a n d y i e l d Co n t i n u e t o m a n a g e i n v e s t m e n t m i x a n d i n c r e a s e m a t u r i t i e s Ma k e s t r a t e g i c d e c i s i o n s f o r u s e o f c a s h f o r c a p i t a l p r o j e c t s a s ap p r o p r i a t e 4/15/2014 TOWN OF VAIL MEMORANDUM TO:Stan Zemler Council Members FROM: Kathleen Halloran DATE:4th Qrtr 2013 RE:Investment Report Enclosed is the investment report with balances as of December 31, 2013. The estimated average yield for the pooled cash fund is 0.85%. As of 12/31/2013, the Treasury yield curves for 3 months, 6 months, and 1 year are 0.07%, .10%, and 0.13% respectively. TOV investments performed above these yields. Our investment mix follows the policy objectives of safety, liquidity, and yield in that order. There were no other changes to investment products or banking institutions. Please call me if you have any questions. Gov't Securities $18.8M, 35% CD's $12.2M, 23% Colorado Investment Pool $11.5M, 21% Cash $11.0M, 21% 2013 Investment Mix $53.5 million 4/15/2014 Town of Vail, Colorado Investment Report Summary of Accounts and Investments As of 12/31/13 2013 Balances Percentage Cash of Total Commercial Banks$10,334,25019.32% Money Market Funds$693,9471.30% Total Cash$11,028,19720.62% U.S. Government Securities (see page 4) Government Agency Seurities -Piper Jaffray$13,023,57324.34% FNMA'S, GNMA'S, FHLMC'S & SBA'S - Dana$5,776,16810.80% Total Government Securities$18,799,74135.14% Certificates of Deposit$12,191,53022.79% Colorado Investment Pools$11,478,22121.46% Total Portfolio$53,497,688100.0% Maturing Within 12 Months27,454,320 51.32% Maturing Within 24 Months2,568,458 4.80% Maturing After 24 Months$23,474,91043.88% 53,497,688 100.0% Investments 123120132 4/15/2014 InstitutionAverageBalances Type of AccountsReturn12/31/13 "CASH" ACCOUNTS Commercial Bank Accounts: First Bank of Vail - Operating Interest 0.200%$9,611,463 Alpine Bank$722,787 Money Market Accounts: Schwab Institutional Money Market Fund - Dana Investments Interest and Balance0.010%$642,450 Vail Super Now Public Funds Account - Piper Jaffray Interest and Balance0.000%$51,496 Total Money Market Funds$693,947 Total "Cash" Accounts $11,028,197 GOVERNMENT SECURITIES (see pg 5) Government Agency Seurities -Piper Jaffray1.16%13,023,573$ FNMA'S, GNMA'S, FHLMC'S & SBA'S - Dana1.19%5,776,168$ 18,799,741$ Total Government Securities 18,799,741$ 1st Bank, Vail Colorado (#5734) Matures September 14, 20171.200%1,015,646 1st Bank, Vail Colorado (#3782) Matures Nov 17, 20141.500%1,039,897 1st Bank, Vail Colorado (#5114) Matures March 27, 20171.300%1,052,068 1st Bank, Vail Colorado (#4983) Matures March 6, 20171.300%1,023,927 1st Bank, Vail Colorado (#1992) Matures Nov 23, 20152.000%1,076,749 1st Bank, Vail Colorado (#3421) Matures Mar 17, 20162.500%1,071,575 1st Bank, Vail Colorado (#4290) Matures Sept 29, 20161.750%1,040,043 1st Bank, Vail Colorado (#4754) Matures Dec 28, 20161.750%1,035,603 1st Bank, Vail Colorado (#5319) Matures May 19, 20140.600%1,514,694 Piper Jaffray 36161NXR4 Matures Apr. 20, 20151.050%100,369 Piper Jaffray 2546704R0 Matures Mar 14, 20171.450%101,469 Piper Jaffray 02005QZZ9 Matures Mar 28, 20161.200%100,910 Piper Jaffray 795450PJ8 Matures Sept 19, 20171.600%100,404 Piper Jaffray 38143AJM8 Matures Feb 8, 20171.700%101,077 Alpine Bank, Vail Colorado (#83597) Matures Sept 11, 20140.459%664,807 Alpine Bank, Vail Colorado (#43763) Matures Nov 13, 20143.440%1,152,292 12,191,530 Total Certificates of Deposit 12,191,530$ LOCAL GOVERNMENT INVESTMENT POOLS Colotrust General Fund Interest0.010%$11,478,221 Total Local Government Investment Pools Accounts $11,478,221 Total All Accounts $53,497,688 Performance Summary as of 12/31/2013 Investments 123120133 4/15/2014 Days/Years Int RatePurchaseMaturityto MaturityMarket AgencyBrokerCouponYieldDateDateat PurchaseValue ***Federal Agency Discount Notes & Bonds*** FNMA 3136FTEK1Piper Jaffray1.500%1.490%10/24/201110/28/20165.0$0 FNMA 3136G0ER8Piper Jaffray1.150%1.150%1/18/20125/9/20175.3$801,720 FFCB 3133EAF86Piper Jaffray0.980%0.980%1/19/20128/7/20175.6$991,540 FFCB 3133ECWK6Piper Jaffray1.330%1.330%1/19/20128/7/20175.6$225,110 FFCB 3133EAK49Piper Jaffray0.990%0.990%1/20/20128/15/20175.6$496,480 FNMA 3135G0NR0Piper Jaffray1.110%1.110%1/21/20128/28/20175.6$496,865 FNMA 3136G0ZG9Piper Jaffray1.160%1.160%1/22/20128/28/20175.6$496,865 FHLM 3134G3J43Piper Jaffray1.050%1.050%1/23/20129/27/20175.7$394,528 FNMA 3135G0PH0Piper Jaffray1.010%1.010%1/24/20129/27/20175.7$493,790 FNMA 3135GOPL1Piper Jaffray1.060%1.060%1/25/201210/4/20175.7$493,885 FHLB 3133813R4Piper Jaffray1.020%1.020%1/26/201211/9/20175.8$490,085 FFCB 3133EC5A8Piper Jaffray0.890%0.890%1/28/201211/27/20175.8$489,305 FFCB 3133EC7B4Piper Jaffray0.860%0.860%1/29/201212/13/20175.9$585,582 FHLB 313383DQ1Piper Jaffray1.020%1.020%1/29/201212/18/20175.9$391,328 FNMA 3136G13C1Piper Jaffray0.760%0.760%1/30/201212/19/20175.9$492,685 FNMA 3136G16W4Piper Jaffray0.660%0.660%1/31/201212/27/20175.9$246,488 FHLB 313381RE7Piper Jaffray1.020%1.020%2/1/20121/30/20186.0$489,090 FHLB 313381SP1Piper Jaffray1.070%1.070%2/1/20121/30/20186.0$489,980 FNMA 3136G1K57Piper Jaffray1.120%1.130%2/2/20124/30/20186.2$535,992 FHLB 313382GQ0Piper Jaffray1.070%1.090%2/2/20123/20/20186.1$483,465 FHLM 3134G45D6Piper Jaffray1.150%1.160%2/2/20125/25/20186.3$973,950 FHLB 313383HQ7Piper Jaffray1.210%1.220%2/2/20126/27/20186.4$609,373 FHLB 313383JQ5Piper Jaffray1.270%1.280%2/2/20126/27/20186.4$322,097 FHLB 3130A04A5Piper Jaffray2.040%2.050%2/2/201210/2/20186.7$547,206 FHLM 3134G4KK3Piper Jaffray1.750%1.780%2/2/201211/27/20186.8$492,645 FHLM 3134G4KZ0Piper Jaffray1.800%1.820%2/2/201211/27/20186.8$493,520 Average Yield1.16%$13,023,573 Days/Years Interest RatePurchaseMaturityto MaturityMarket AgencyBrokerCouponYieldDateDateat PurchaseValue ***FNMA'S, ARM'S & SBA'S*** SBA 502647V-QPooled - Dana3.975%3.9%1-Jul-9425-Jun-1925.0$5,661 SBA 508940Pooled - Dana2.575%2.4%6-May-1125-Jun-3019.2$282,580 SBA 508946Pooled - Dana2.250%2.1%1-Jan-1225-Jul-3018.6$190,179 SBA 505536V-MPooled - Dana3.125%2.9%1-Aug-0125-Jun-2624.9$20,785 GNMA 8417Pooled - Dana5.125%3.8%1-Oct-8820-Oct-1830.1$1,436 GNMA 8703Pooled - Dana4.750%1.6%1-Sep-9520-Sep-2530.1$721 GNMA 8720Pooled - Dana5.125%1.6%30-Sep-9520-Oct-2530.1$841 GNMA 8788Pooled - Dana5.375%1.6%1-Jan-9620-Jan-2630.1$587 GNMA 80426Pooled - Dana4.500%1.6%21-Jul-0020-Jul-3030.0$5,799 GNMA 80696Pooled - Dana3.375%1.6%23-May-1120-May-3322.0$258,491 GNMA 80710Pooled - Dana5.625%1.6%1-Jul-0320-Jul-3330.1$6,390 GNMA 82759Pooled - Dana2.500%2.4%20-Mar-1220-Mar-4129.0$328,117 GNMA 80593Pooled - Dana1.750%1.6%20-Apr-1220-Apr-3220.0$3,196 GNMA 82382Pooled - Dana2.690%2.4%30-Sep-1320-Sep-3926.0$146,731 GNMA 1303Pooled - Dana2.000%2.0%30-Sep-1320-Sep-4330.0$254,373 FNMA 850125Pooled - Dana5.146%2.2%1-May-091-Sep-3526.4$43,486 FNMA 422251Pooled - Dana5.589%2.3%1-Dec-951-Jan-2125.1$13,249 FNMA 334439Pooled - Dana6.200%2.3%1-Dec-951-Apr-2428.4$3,780 FNMA 520790Pooled - Dana6.077%2.3%1-Jun-001-Apr-2827.9$5,094 FNMA 546468Pooled - Dana5.563%2.2%24-May-001-Jun-2828.0$2,272 FNMA 535326Pooled - Dana5.263%2.1%26-Jun-001-Jun-2828.0$2,957 FNMA 323798Pooled - Dana5.749%2.2%1-Dec-991-May-2929.4$1,079 FNMA 567875Pooled - Dana6.336%2.5%1-Dec-001-Sep-3029.8$1,843 FNMA 593941Pooled - Dana6.010%1.8%1-Dec-011-Dec-3029.0$5,421 FNMA 545057Pooled - Dana5.487%2.2%1-May-011-May-3130.0$443 FNMA 650970Pooled - Dana5.118%2.3%1-Aug-011-Jul-3230.9$2,708 FNMA 555378Pooled - Dana5.120%2.2%14-May-081-Apr-3324.9$51,110 Government Securities as of 12/31/2013 Investments 123120134 4/15/2014 Days/Years Int RatePurchaseMaturityto MaturityMarket AgencyBrokerCouponYieldDateDateat PurchaseValue Government Securities as of 12/31/2013 FNMA 709092Pooled - Dana5.085%2.2%1-Jun-031-Jun-3330.0$11,530 FNMA 723661Pooled - Dana5.025%2.1%1-Jul-031-Jul-3330.0$1,558 FNMA 761737Pooled - Dana6.488%2.3%16-May-051-Dec-3328.6$9,458 FNMA 725462Pooled - Dana5.688%1.8%1-Apr-041-Jan-3429.8$10,760 FNMA 745160Pooled - Dana5.763%2.2%1-Dec-051-Mar-3428.3$20,856 FNMA 791573Pooled - Dana5.057%2.2%1-Jul-041-Aug-3430.1$3,369 FNMA 888321Pooled - Dana5.737%2.3%1-Mar-071-Aug-3427.3$22,821 FNMA 849207Pooled - Dana6.340%1.8%1-Jan-061-Jan-3630.0$9,947 FNMA 888710Pooled - Dana5.374%2.3%1-Sep-071-Jul-3628.9$29,833 FNMA 893933Pooled - Dana5.209%2.3%1-Sep-061-Oct-3630.1$12,651 FNMA 555624Pooled - Dana5.366%2.2%1-Jun-031-Mar-3834.8$4,570 FNMA 735967Pooled - Dana6.107%2.2%1-Sep-051-Mar-3832.5$8,678 FNMA 888386Pooled - Dana5.623%2.3%1-Apr-071-Mar-3830.9$57,306 FNMA 888618Pooled - Dana5.799%2.2%1-Jul-071-Mar-3830.7$17,114 FNMA 995451Pooled - Dana4.581%2.2%12-Feb-091-May-3829.2$45,301 FNMA 557073Pooled - Dana4.255%1.5%1-Sep-001-Jun-4039.8$4,495 FNMA 110540Pooled - Dana5.150%2.9%1-Nov-901-May-2029.5$3,840 FNMA 327446Pooled - Dana5.747%2.5%1-Oct-951-Aug-2226.9$2,283 FNMA 555921Pooled - Dana3.000%2.6%1-Sep-121-Sep-3523.0$21,617 FNMA 868877Pooled - Dana5.191%2.3%1-Apr-061-Apr-3630.0$7,950 FNMA 701045Pooled - Dana4.830%2.3%1-Apr-031-Apr-3330.0$62,715 FNMA 848390Pooled - Dana3.755%1.8%12-Feb-091-Dec-3526.8$27,674 FNMA 844148Pooled - Dana3.183%2.1%1-Oct-051-Nov-3530.1$23,156 FNMA 748087Pooled - Dana2.585%2.2%1-Sep-101-Sep-3323.0$59,198 FNMA 851297Pooled - Dana2.604%2.3%3-May-111-Sep-3524.3$249,382 FNMA AC0038Pooled - Dana2.355%2.1%24-May-111-Sep-3827.3$207,427 FHLMC 775572Pooled - Dana5.594%3.1%1-Sep-941-Jun-2429.8$7,700 FHLMC 865469Pooled - Dana6.440%2.8%1-Dec-951-Aug-2529.7$457 FHLMC 755344Pooled - Dana5.160%2.3%1-May-001-Mar-2827.9$1,743 FHLMC 645235Pooled - Dana6.340%2.2%1-Jul-001-Mar-2928.7$2,205 FHLMC 846784Pooled - Dana5.576%2.2%1-Jul-001-May-2928.9$1,412 FHLMC 786867Pooled - Dana5.970%2.4%1-Nov-991-Aug-2929.8$31 FHLMC 846956Pooled - Dana6.446%2.4%1-Nov-011-Nov-3130.0$1,376 FHLMC 847166Pooled - Dana5.092%2.3%1-Jul-031-Aug-3330.1$4,050 FHLMC 847359Pooled - Dana6.072%2.3%1-Dec-041-Dec-3430.0$3,988 FHLMC 782526Pooled - Dana4.509%0.0%1-Apr-051-Apr-3530.0$61,451 FHLMC 848000Pooled - Dana4.665%2.2%1-Sep-081-Feb-3627.4$53,441 FHLMC 847629 Pooled - Dana6.092%2.3%1-Oct-061-Sep-3629.9$14,429 FHLMC 865006Pooled - Dana6.935%2.9%1-Feb-891-Aug-1829.5$176 FHLMC 865127Pooled - Dana3.130%3.2%1-Aug-891-Mar-1929.6$1,041 FHLMC 865476Pooled - Dana6.082%4.4%1-Apr-961-Feb-3639.9$506 FHLMC 865663Pooled - Dana6.040%4.0%1-Nov-001-Feb-3029.3$2,829 FHLMC 765114Pooled - Dana6.963%4.5%1-Mar-991-Jan-1818.9$1,924 FHLMC 847427Pooled - Dana5.264%2.3%1-Jul-051-Sep-3429.2$4,861 FHLMC 1G1840Pooled - Dana5.315%2.3%1-Feb-061-Nov-3529.8$12,366 FHLMC 1B3063Pooled - Dana5.553%2.3%1-Aug-061-Aug-3630.0$21,311 FHLMC 847058Pooled - Dana5.181%2.3%1-Aug-021-Aug-3230.0$20,011 FHLMC 1B7033Pooled - Dana2.846%2.2%25-May-111-Sep-3530.0$186,856 FHLMC 611384Pooled - Dana6.953%2.3%11-Feb-051-Dec-3227.8$8,697 TSY 912828EA41.875%1.5%16-May-1315-Jul-152.2$316,708 TSY 912828KM11.250%1.1%30-Jun-1215-Apr-141.8$222,312 TSY 912828CP32.000%1.6%30-Jun-1215-Jul-142.0$253,531 TSY 912828MY3 0.500%0.5%15-Apr-15 2.0 $275,659 FNMA Fixed rate agency 3135G0HG10.375%0.4%1-Jan-1216-Mar-153.2 $400,843 FNMA Fixed rate agency 3136G1V89 1.050%1.0%30-Sep-1330-Sep-163.0 $301,749 FHLB Fixed rate agenc313382MX80.600%0.6%10-Apr-1310-Apr-185.0$491,750 FNMA Fixed rate agency 3134G3PD60.550%0.6%31-Dec-1127-Feb-153.2$498,500 Accrued Interest1.2%$15,710 Income Receivable $11,725 Average Yield1.19%5,776,168 Total$18,799,741 Investments 123120135 4/15/2014 VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: April 15, 2014 ITEM/TOPIC: Information Update: 1) CSE 040214 DRAFT Meeting Minutes; 2) VEAC 040814 Meeting Minutes; 3) Vail Mountain Recreation Enhancements Project letter of Support ATTACHMENTS: CSE 040214 DRAFT meeting minutes VEAC 040814 Meeting Minutes Council Letter of Mountain Enhancement Projects 4/15/2014 CSE Minutes April 2, 2014 Page 1 of 5 MINUTES: COMMISSION ON SPECIAL EVENTS MEETING Vail Town Council Chambers Wednesday, April 2, 2014 @ 8:30 a.m. CSE Members Present: Jeff Andrews Bobby Bank Amy Cassidy Barry Davis Mark Gordon Rayla Kundolf Nicole Whitaker Town of Vail Staff Present: Sybill Navas, CSE Coordinator Pam Brandmeyer, Assistant Town Manager Others Present: John Stone, DiscoverWell Missy Johnson, Highline Morgan Landers, Scott Robinson and Cathy Ethington; Can Do MS Euginnia Manseau, Ski and Snowboard Club Vail Jason Roberts, Intercept Insight Sandra Perrig, Vail Valley Partnership Brooke Macke, Vail Resorts Brian Hall, Blue Creek Productions Joe Cleary, Resort App Meeting Materials may be viewed at: http://www.vailgov.com/WebLink8/Browse.aspx?startid=34151&row=1&dbid=0 CSE Chair, Barry Davis, called the meeting to order at 8:30 a.m. 1. Administrative Items (10 minutes) a. Approval of the Minutes of the CSE Meeting of March 5, 2014 Motion to approve the Minutes of the CSE Meeting of March 5, 2014, as presented. M/S/P: Kundolf/Whitaker/Unanimous – The motion passed 7-0. b. Review financial status. Navas stated the spreadsheets clearly show there is no funding remaining for 2014 and the town is “on target” paying out to event producers. The board agreed both were valuable documents and evidences how the CSE has been able over the years to weed out non-or-low performers. 4/15/2014 CSE Minutes April 2, 2014 Page 2 of 5 c. Update on marketing efforts for summer events, provided by Laura Waniuk. Navas recapped Spring Back to Vail which will play over two weekends this year, with concerts on April 11 and 12 and following the Pond Skimming on April 20th. A “Great Race” themed event will take place on Golden Peak on the 13th, and 3 days of expo at Mountain Plaza will take place on both weekends. Vail Whitewater will begin the 6 week Tuesday evening kayak race series at the International Bridge on May 14, followed by Feast! Vail over Memorial Day weekend, for which all marketing materials have been approved. Registration for the GoPro Games is up 30% over this time last year and will provide a new event, The Bad Ass Dash- a family oriented obstacle run starting and finishing in Lionshead. King of the Mountain has shown a higher level of design. 2. Funding Request Reconsideration: Living Well, John Stone- Forum for Optimum Health- reformatted request for Tier IV Category funding allocation to the Vail Living Well Summit from $30,000 to $10,000 (10 minutes). John Stone with Living Well said their program was evolving and they recognize they haven’t touched as many as they should. They want to concentrate on corporate wellness in an even bigger way and plan to invite just 20 influential corporate executives for cutting edge sessions that will occur in multiple venues. Thus, they are now asking to reduce their funding request from $30,000 to $10,000. Gordon said he liked the corporate push and going after truly influential individuals, while Andrews thought this didn’t necessarily align with the CSE goal of “heads in beds.” Whitaker also questioned how this would affect attendance. Stone said this initial 20 person event would then turn into more corporate wellness retreats and annual meetings. Cassidy asked how many would initially be invited and how were they being selected in order to get that top 20. Stone said they’d be staying in Vail, so could really see what Vail is all about. Vail will be show-cased. Bank said this is more like a private party and Vail taxpayers would not support it, to which Davis somewhat agreed saying he couldn’t understand how this would benefit Vail. Whitaker also agreed, saying it would not be sanctioned by the town. Kundolf said it didn’t feel like an actual event and she did not see how growth would occur. Andrews said he didn’t question the educational aspect of Living Well but it does not fall in line with CSE guidelines. Bank said it was the opposite of building business, to which Stone replied this could become the “Davos” of health and well being. Navas questioned using public funding for something the public could not attend. Motion to rescind the $30,000 originally funded. M/S/P: Bank/Whitaker/Bank and Whitaker voting in favor, all others opposed. The motion failed by a vote of 2-5. Stone suggested, under discussion, that they would consider opening one segment of the forum to the general public. Motion to rescind the original $30,000 allocation for Living Well, as requested by Stone, and to award funding from the Tier IV: Life Long Learning Category in the amount of $6,000 for the proposed event, with the directive that at least one component be added that would be open to the general public. M/S/P: Andrews/Bank/Unanimous- The motion passed 7-0. 4/15/2014 CSE Minutes April 2, 2014 Page 3 of 5 3. Event Recaps (10 Minutes) a. Vertical Express: Can Do MS, Cathy Ethington. Cathy Ethington, with the Jimmie Heuga organization and producer of the Vertical Express: Can Do MS said the programs were based on Jimmie’s philosophies, ending with a final memorial ski down. Attendance was at 200 participants, which ultimately raised $42,000. Davis said it was well received and left a very positive impression. Navas underscored it appealed b. Freestyle NORAM Cup: Ski and Snowboard Club Vail, Euginnia Manseau. Ski and Snowboard Club Vail, was introduced by Euginnia Manseau, who said the event was free to kids and had great involvement in town, with the awards ceremonies taking place in Solaris. The $2000 funding from CSE provided great exposure for the town. Bank said he would like to see a little more marketing as the quality of skiing was outstanding, but few people were aware that the competition was going on. Andrews said it was great for lodging. When asked about the date, Manseau said the FIS sets the date and calendar so the dates aren’t theirs to choose. Next year’s event will be January 25, 2015, right before the 2015 Alpine Ski Championships. 4. Upcoming Event Reports: Highline (10 minutes) a. FEAST! Vail: Missy Johnson, representing, Highline reported general support and involvement both from local restaurants, as well as chefs from Denver. The first night will be a “small bites” tasting, including Colorado brews and distillers. The event runs May 23-26, but to guarantee success, they’ve booked inside venues. They’ll concentrate on lifestyle events and will partner with local lodges on lodging packages. Andrews asked when marketing was coming to the lodges. Johnson said it would come in various forms, including ticketing, posters, rack cards, social media and the event program itself. Whitaker said it will launch when the venues are signed. Cassidy said that the veterans program will again be beneficiaries this year, and the brunch on the final day on Gore Creek Drive will have a kind of “mess hall” atmosphere. b. Vail America Days: Johnson said Highline is working with the town on marketing and coordinating with local key events, e.g., the Patriotic Concert at the Amphitheater. Theme-wise they’re working on a “welcome to the world,” with an Olympic focus, the 2015’s and other milestones. Andrews said they might also consider incorporating an international theme celebrating other country’s independence days, thus a “freedom theme.” Navas said the idea is not to limit what people do. She mentioned Andy Daly had extended an invitation to Mikaela Schiffrin to be the parade marshal. Bank said to remember it’s still the Fourth of July, a local/national holiday. Kundolf suggested focusing on immigration. Bank asked the status of the Solaris event, to which Navas replied they’ve booked the 101st Army bands and are planning an afternoon of music. 5. Strategic Planning Discussion: (60 minutes) a. History of Funding Document. The board agreed they’d pretty thoroughly reviewed the funding document. Navas said the CSE budget had mostly been flat since 2009 but had done a diligent job of weeding out non-performing events. 4/15/2014 CSE Minutes April 2, 2014 Page 4 of 5 Navas explained the higher “admin” side of the budget prior to 2007, when she became a full-time employee of the town, rather than a contract employee of the VCBA. Andrews said the intercept survey has been requested by the town and is important to Council consideration and ensuring a consistent philosophy going forward. So the question is: how do you want to go forward into the future. b. Review Draft Memo to Town Manager regarding 2015 CSE Budget issues: Andrews said they should concentrate on what he calls ancillary funding. They should have a broad strategy so they can efficiently spend the taxpayer’s money. Bank said the Council made it clear they were not going to fund new events except in a one-time capacity. Navas said the board has three options, with respect to gathering the expected event review data: 1) Proceed as usual; 2) Take a percentage of the total budget off the top; or 3) Place a consistent line item allocated to funding recaps. Bank said Council doesn’t want to continue funding surveys but they do want the data. The CSE needs to look for a better rate to get better data. Navas agreed doing the whole program could be beneficial. Andrews said they need to create a standardized way that promoters can tell us how they did, which would effectively level the playing field. Whitaker indicated they should ask for an increase. Bank said he didn’t want to spend 10% of the budget on surveys. Navas asked, if the increase was denied, then what? Gordon suggested taking money off the top for one year, thus establishing good and reliable data, but Bank said none of this information shows need. Whitaker said the survey needs to be streamlined to level the playing field and to allow the producer to spend money on what they need to spend it on. Navas said the promoter needs the data to get their sponsorships. Andrews said to concentrate on how the CSE is different from other town departments in that the CSE actually generates revenue. Kundolf said the one-time funding is opportunity funding and there must be a give and take. Navas said the survey puts pressure on the producer to deliver results, resulting in accountability. Gordon stated we have to make it easier to put on events because we want them to be successful. Andrews said we must take care of the additional requests coming our way. Whitaker said one-time funding doesn’t address the fact that most events take at least a couple years to prove themselves. Kundolf suggested the VLMDAC should fund the surveys, or a percentage of tax revenues should pay to do them. Navas said the information gathering/survey should be a separate line item. Whitaker said they must continue to lead and not to fall behind. Andrews asked for a clarification on the board’s priorities: opportunities, fireworks or post event information. Navas reminded the board the Council has stepped up every consistently with one-time funding based on the CSE recommendation, but Bank said that most are huge events. Kundolf said it’s imperative the town stay ahead of the Joneses, or Breckenridge, or whomever. Andrews said the iconic events are in place to validate the Town Council goals already set. The CSE needs to remind Council of the good job we’ve been doing over the last ten years. Andrews and Whitaker agreed to take another crack at the memo, which would be shared with the rest of the CSE board for their input within the next ten days or so. A final draft will be brought back to the board for consideration at the May CSE meeting. 4/15/2014 CSE Minutes April 2, 2014 Page 5 of 5 c. Brand discussion: Whitaker said the CSE should discuss how different types of events fit into the tiers in order to ensure the balance. They will then help guide the CSE’s decisions. The categories are important. Bank suggested that the CSE has several new members and the board needs to go through the funding process to see how the process works before we start to change it. d. Independent 3rd Party Survey Requirement: How best to manage allocations and the CSE budget to maintain delivery of consistent event recap data? 6. New Business and Community Input (5 minutes) Joe Cleary, with Resort App Vail Valley, said their application will provide a complete vacation guide with GIS mapping on mountain and in Vail and Beaver Creek. It will have the ability to push special events information and allow people in different parts of Vail or the valley – find each other. It has a lot of functionality. Motion to adjourn @ 10:40 a.m. M/S/P: Kundolf/Cassidy/Unanimous- The motion passed 7-0. Vail Local Marketing District: Vail Brand Presentation Thursday, April 17, 8:30 a.m. The Grand View, Lionshead Next CSE Meeting: Wednesday, May 7, 2014, 8:30 a.m. Vail Town Council Chamber 4/15/2014 Vail Economic Advisory Council (VEAC) April 8, 2014 MEETING NOTES  VEAC Members Present: Rayla Kundolf; Matt Ivy; Michael Kurz; Kim Newbury; Chris Romer; Brian Nolan; Rob Levine; Margaret Rogers, Laurie Mullen; Mark Gordon; Greg Moffet, Robin Litt  Others Present: Laura Waniuk – Town of Vail Event Liaison, Jeremy Reitman, Vail Valley Partnership  TOV Staff Present: Town Manager Stan Zemler; Economic Development Manager Kelli McDonald  Financial Report Stan Zemler presented the financial report in Judy’s absence. Vail ends 2013 in a strong position. Balanced Budget  Total revenue of $54M exceeded budget by 2% or $1.1M  General Fund operations generated savings of $1M or 2% of budget  Capital expenditures are in line with long-term plan including $20M budgeted in 2013 available to complete projects in future years 2013 collections are a record $22M  up 10% from prior record in 2012  up 12% from pre-recession high  Sales tax is 40% of municipal revenue and provides a good representation of Vail’s economy Private Redevelopment  Redeveloped properties have generated more than $12.4M in sales tax since 2007  In 2013 redeveloped properties contributed $2.3M or 10.5% of total sales tax  Over time, the mix of properties has changed as five -year-old properties fall off and new properties are added  Lodging from redeveloped properties is the largest category generating half of the sales tax from redeveloped properties Vail is Well Positioned for Future Success  Fiscal Strength o Annual revenue over $50M 4/15/2014 o Conservative budgeting philosophy o Healthy reserves o No town-issued debt  Economic Drivers o Strategic marketing o Multitude of special events o Private redevelopment/renewal o New town amenities  Town Manager Report Stan Zemler reviewed the following topics:  Golf Course Clubhouse Vail is at a good timeline for this project. Stan will meet with architects this week. Starting in the fall, there will be a meeting and planning with utilities, and then bringing in temporary structures. Projected construction start spring 2015. Stan noted that the VRD election is coming up in a few weeks for 3 seats.  Recycling The Town Council passed mandatory recycling in the town, which goes into effect July 1.  Marijuana Discussion There is a continuation of our policy of no retail sales or club facilities in town. There will be an advisory committee or working group formed to discuss on -going issues and policies. There needs to be consideration of brand alignment with the Town of Vail and the purchasing and usage of marijuana.  Timber Ridge Half of the employee housing will be gone in 2015, which may impact hiring for businesses. Two hundred pillows will be removed, residents have already been relocated. There will be very few vacancies on the west side of the property. The construction will take approximately 18 months. Right now there is no plan for construction on the second half of the property.  Neighboring Business Report Report from one lodging property, March has been their best month ever, with predominantly international guests. Reports show that the week of April 13-19, with Easter being late has a negative impact. Easter is earlier next year and can extend the occupancy due to spring break. 4/15/2014 Lodging partners are seeing last minute reservations, however, their rates are lower too, which could be driving bookings. Several establishments on the west end of Meadow Drive are changing ownership. One of the retail stores in West Vail reported sales a bit down with plans to stay open during the off season. One of the restaurants in West Vail reported a good season. There is no directional marketing/signage for them and this impacts their traffic. Laurie Mullen reported a flat season. She noted if the restaurants doing well, then the liquor store doesn’t do as well. They are also working on being “actively green”. The store will undergo a renovation and an upgrade after the mountain closes. Robin Litt stated she has been out selling ads for the Jazz Festival and the businesses are very receptive. Matt Morgan spoke with a gallery and they said that there is an upward movement in revenue. One of the other retailers from a small shop said that the guest s seemed more relaxed; they attributed this to the economy. The store owner mentioned that the Epic Pass may have something to do with it; people were not stressed to ski every minute. Matt’s restaurants had good performance so far this year. Michael Kurz stated he thought that it would be interesting to see data of average length of stay and number in the party. This may be an indicator of economic growth. Chris Romer has feedback from lodging owners who state that people are staying for shorter periods of time. Beaver Creek numbers were also good, similar to Vail numbers. Another factor could be the Epic Pass; people may be coming for shorter stays, but for more frequent visits. Rob LeVine reports that his and neighboring condominium revenue was up a little bit, and they saw happier skiers. Their plans for summer include remodeling and improvements. The expectation for summer business is about the same as last year, with possibly more group business. There was also a suggestion to hold more weddings.  Citizen Input None  Other Business The Epic Discovery letter was accepted. 4/15/2014 Discussion re: resort partner visits, idea from Brian Nolan to visit non -ski resorts to collect information on innovative events or successful town activities.  Next Meeting The next meeting is scheduled for Tuesday, May 13 beginning at 8:00 a.m. at The Antlers Lodge in the Caribou Pronghorn Room. 4/15/2014 4/15/2014 4/15/2014 For Immediate Release Vail Resorts Introduces Epic Discovery, a Summer Mountain Adventure at Vail Mountain  Vail Resorts is first to submit comprehensive new summer activities plan to U.S. Forest Service under new legislation.  Epic Discovery at Vail Mountain to encourage “learn through play”, promoting environmental education and forest stewardship with numerous activities across the mountain.  Vail Resorts to work with The Nature Conservancy on environmental education experiences for guests and will contribute 1 percent of summer lift ticket and activity revenue toward forest restoration projects. BROOMFIELD, Colo. — July 19, 2012 — Vail Resorts, Inc. (NYSE: MTN) announced that the Company has submitted a proposal to the U.S. Forest Service for a comprehensive summer activities plan at Vail Mountain, the largest ski resort in the United States. Vail’s summer activity effort, named Epic Discovery, a Summer Mountain Adventure, will encourage “learn through play” by featuring extensive environmental educational elements interspersed between numerous new fun activities located in already developed areas of the mountain. Vail Resorts will work with The Nature Conservancy to bring scientific content to the eco-discovery experiences and will be contributing 1 percent of all summer lift ticket and activity revenue toward forest restoration projects. This substantial initiative marks the first proposal of its kind in the country following passage last fall of the Ski Area Recreational Opportunities Enhancement Act, championed by U.S. Senator Mark Udall of Colorado. Epic Discovery is designed to connect kids and families with our national forests in an active, fun and engaging way. The proposal includes a number of new activities, including zip lines, ropes courses, mountain excursions and Forest Flyers™ with extensive environmental and interpretive programming, offering guests a unique opportunity to try new outdoor activities, challenge themselves physically, discover an appreciation for nature and create lasting family memories. “Epic Discovery will allow our mountains to truly provide guests from across t he country and around the world an experience of a lifetime in the summer. Epic Discovery will make the national forests accessible and engaging to people of all ages and abilities and will help educate them on the unique ecosystem and wildlife on our mountains,” said Rob Katz, chairman and CEO of Vail Resorts. “Our proposal could not be possible without the recent passage of new legislation, but with Epic Discovery, our Company has raised the bar even further as we teach our kids about the spectacular natural environment that serves as backdrops to our resorts.” Vail Resorts also announced that it will work with the leading conservation non-profit organization, The Nature Conservancy, to assist with the creation of environmental education programming and interpretation. In an unprecedented move, Vail Resorts has created a new program, “1% For The Forest”, under which it will contribute 1 percent of all summer lift ticket and activity revenue to The Nature Conservancy for forest health restoration projects on national forest lands in the West. “When Vail Resorts, approached us with an incredible project such as this, we at The Nature Conservancy seized on the opportunity to not only help bring more families into the national forests, but to inspire them through nature education,” said Tim Sullivan, state director of The Nature Conservancy in Colorado. “Then to further be able to raise funds to support forest restoration projects at such a critical time, this is exciting and important work we’ll be doing with Vail Resorts and their guests.” -more- 4/15/2014 VAIL SUMMER PLAN 2-2-2 Vail Resorts hopes to begin construction on Epic Discovery activities, after U.S. Forest Service approval, in the summer or fall of 2013. When approved, the resulting on-mountain, eco-conscious experience will generate new jobs related to both the construction of the new facilities and the long- term operation, and will help support a much healthier year-round economy for the local resort community. Epic Discovery will also create a new iconic summer destination for Colorado, attracting guests from around the world. "As a lifelong outdoor enthusiast and instructor, I am thrilled that the ‘Ski Area Recreational Opportunities Enhancement Act,’ which I authored, will enable mountain resorts such as Vail to introduce Colorado’s breathtaking forests to a wider group of visitors,” Senator Mark Udall said. “The creation of additional educational and recreational attractions during the summer months will create jobs in our mountain communities, help boost local economies and add to the amazing quality of life Coloradans already enjoy.” “Home to the majestic Rocky Mountains, Colorado is already known as a year-round destination for amazing outdoor experiences. Vail's new iconic summer experience will be an important addition to the state’s diverse tourism offerings. The activities and educational experiences Vail plans to offer in our national forests, all at nearly 12,000 feet, will be unlike anything else offered in the West. We look forward to the public input on this exciting opportunity,” said Al White, director of the Colorado Tourism Office. Epic Discovery activities and environmental interpretive programming will be designed to be compatible with the existing on-mountain infrastructure of lifts and trails, blending into the natural environment in an unobtrusive manner. In addition to the activities, U.S. Forest Service Rangers will be on site to provide eco-educational experiences for kids and families, helping them to learn more about their natural surroundings. Following are highlights of what guests will be able to experience, discover and learn across Vail Mountain from Adventure Ridge into Game Creek Bowl and down to the mid-Vail area, accessed by gondolas in Lionshead and Vail Village.  Game Creek and Front Side Zip Line Tours: The ultimate outdoor experiences, these three- hour guided tours will immerse guests in the forest habitat with a stunning array of zip lines and aerial bridges. Guests will learn about the indigenous flora and fauna of this mountain ecosystem while working their way through each course’s challenges.  Adventure Ridge Challenge Tour: A multi-stage tour combining zip lines, ropes swings, bridge components and other features.  Micro-Interpretive Centers for Education: Integrated with trails and activities around the mountain, these interpretive experiential centers will provide guests with hands-on information and activities about forest health, wildlife and the mountain geography of the White River National Forest.  More Hiking and Mountain Biking Trails: Comprehensive interpretive and directional signage will be integrated to encourage more hiking and mountain biking across Vail Mountain and descending into the villages below.  Family Forest Adventure Park: A playground of rope challenges and bridges to introduce young children to the wonders of the forest.  Forest Flyer™: An alpine slide that runs on raised rails, the Forest Flyers™ wind their way down the mountain, following the natural contours of the landscape through the forest. -more- 4/15/2014 VAIL SUMMER PLAN 3-3-3  Game Creek Deck and Lookout Tower: A panoramic viewing balcony nestled within awe- inspiring scenery of alpine forests, meadows of wildflowers and wildlife.  Segway Trails and Tours: A unique way to enjoy a guided tour with your own cross-terrain, self-propelled Segway. "Creating a less-seasonal, more year-round economy -- with far more activities, events and business opportunities in the spring, summer and fall -- is vitally important to our local communities. We applaud Vail Resorts’ leadership in ensuring that Vail Mountain will once again set the standard in summer activities in the same way we already have in the winter,” said Beth Slifer, chairwoman of the Vail Local Marketing District Advisory Council. Vail Mountain has submitted a proposal to the U.S. Forest Service that includes the above activities and vision for Epic Discovery. Following acceptance of the proposal, the agency will begin its comprehensive environmental review. Epic Discovery at Vail Mountain is the first installment of summer mountain adventure plans that Vail Resorts has for each of its seven world-class resorts. Plans for Beaver Creek, Breckenridge, Keystone, Heavenly, Northstar and Kirkwood will be announced and submitted at later dates. To learn more about Epic Discovery at Vail Mountain, visit http://www.epicdiscovery.com. About Vail Mountain Quickly approaching its 50th anniversary in December 2012 and coveted as the largest ski resort in the United States with more than 5,000 acres of skiable terrain including seven legendary Back Bowls spanning seven miles. Under blue skies more than 300 days each year and with more groomed terrain than anywhere on the planet, families reconnect and celebrate here from year to year and generation to generation. The vacation experience is world class, from the Vail Ski & Snowboard School to the events, activities and festivals, the shops and spas, abundant culinary experiences and luxurious accommodations. Coupled with the vision inherent in the spirit of Vail’s founders, and a modern day commitment to excellence in all aspects of guest service and operations, Vail can still credibly lay claim to being a resort like nothing on earth. http://www.vail.com. About Vail Resorts Vail Resorts, Inc., through its subsidiaries, is the leading mountain resort operator in the United States. The Company's subsidiaries operate the mountain resorts of Vail, Beaver Creek, Breckenridge and Keystone in Colorado, and Heavenly, Northstar and Kirkwood in the Lake Tahoe area of California and Nevada, and the Grand Teton Lodge Company in Jackson Hole, Wyoming. The Company's subsidiary, RockResorts, a luxury resort hotel company, manages casually elegant properties. Vail Resorts Development Company is the real estate planning, development and construction subsidiary of Vail Resorts, Inc. Vail Resorts is a publicly held company traded on the New York Stock Exchange (NYSE: MTN). The Vail Resorts company website is www.vailresorts.com and consumer website is www.snow.com. ### Media Note More info and photos of Vail Resorts are also available at http://news.vailresorts.com. Please credit the photographer listed and Vail Resorts. Media Contacts Kelly Ladyga, (303) 404-1862, kladyga@vailresorts.com Liz Biebl, (970) 754-3001, ebiebl@vailresorts.com 4/15/2014 VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: April 15, 2014 ITEM/TOPIC: Matters from the Mayor, Council and Committee Reports 4/15/2014 VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: April 15, 2014 ITEM/TOPIC: Adjournment (4:05 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, May 6, 2014 IN THE VAIL TOWN COUNCIL CHAMBERS FUTURE AGENDA ITEMS: Ongoing agenda items TBD: DRB/PEC updates - Warren - WS - 15 min.; Information Updates Attachments: WS - 15 min.; Executive Session items: 30 min.; Consent Agenda: 5 min.; Town Manager Report: 5 min. FUTURE AGENDA ITEMS: Eagle County Commissioners joint meeting - WS - 5/6 2014 Burton US Open Recap - 30 min. - WS - 5/6 Discussion Chamonix Direction & Next Steps - 30 min - WS - 5/6 Quarterly Report on Capital Projects & Programs - (Info Update) WS - 5/6 Golf Course Clubhouse Update and Request for Additional Funding - ES - 5/6 Holy Cross LED - ES - 5/6 Colorado Ski and Snowboard Museum - Request to Proceed through the Process -ES - 5/6 Report on Resort Competitiveness - WS - 5/20 Discussion w/ Eagle County School District - WS - 5/20 Colorado Municipal League Update - WS - 5/20 Discussion of SWOT Results - WS - 6/3 Community Survey Results - 30 min. - ES - 6/17 Half Day Budget Retreat - WS - 7/1 Half Day Retreat Competitiveness Plan - WS - 7/15 Finalize Budget Parameters - WS - 7/15 Quarterly Report on Capital Projects & Programs - (Info Update) WS - 7/15 Half Day Retreat Define Balanced Community - WS - 8/5 Discussion of Major Revenue Projections - WS - 8/5 Discussion on Economic Diversity w/ Stakeholders - WS - 8/19 Discussion of Parking & Transportation - WS - 9/2 VVMC Master Plan Discussion - WS - 9/16 Discussion of Five Year Capital & RETT Plans - WS - 9/16 Half Day Retreat w/ VLHA - WS - 10/7 Discussion on Town Manager's Budget (Final Draft) - WS - 10/7 Discussion on Adoption of Strategic Competitiveness Plan - WS - 10/21 Quarterly Status Report on Capital Projects & Programs (Info Update) - WS - 10/21 First Reading of Ordinance Budget Adoption - ES - 10/21 Discussion on Aspen Report & Follow up - WS - 11/4 Second Reading of Ordinance Budget Adoption - ES - 11/4 Discussion on Technology - WS - 11/4 I-70 Vail Underpass Traffic Analysis Update - ES - TBD - Tom Clean Up Title 12 Ordinance - TBD NEPA and Uniformed Relocation Act - 30 min. - ES - Mike Vanderhoff - TBD Plastic bags - TBD Village Information Center - Greg - TBD 4/15/2014 Fee Schedule changes - George - TBD Neighborhood Speed Control - TBD - Greg/Dwight Housing Strategic Plan - George - TBD Beaver policy update - Kristen - WS - TBD Vail Valley Medical Center Master Plan Update - 60 min - ES - George - TBD 2015 WAC construction restrictions discussion - 30 min - WS- George - TBD Sister City discussion - TBD Discussion of future of RSES - TBD Streaming PEC & DRB - TBD 2015 Expectations/Legacy Piece - TBD 2015 Town-wide fulfillment - TBD VLMD Term limits - TBD Marijuana policy discussion - WS - Matt - TBD Community Garden permission to proceed through the process for fence installation - TBD Walking Mountains zero watse program presentation - TBD 4/15/2014