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2015-01-10 Agenda and Supporting Documentation Town Council Work Session
VAIL TOWN COUNCIL WORK SESSION AGENDA TOWN OF4� 0i VAIL TOWN COUNCIL CHAMBERS 75 S. Frontage Road W. Vail, CO 81657 1:30 P.M., JANUARY 6, 2015 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: Site Visit to Gorsuch Building at 263 E. Gore Creek Drive Please meet at Vail Municipal Building for van ride to Vail Village. (30 min.) PRESENTER(S): Jonathan Spence, Community Development Planner BACKGROUND: The site visit was requested at the December 16th council meeting in relation to a request to proceed through the development review process. This item will be considered during the evening meeting. 2. ITEM/TOPIC: DRB/PEC Update (10 min. ) PRESENTER(S): Warren Campbell, Chief of Planning 3. ITEM/TOPIC: Update on Youth Foundation Programs (15 min.) PRESENTER(S): Melissa Rewold-Thuon, Youth Foundation ACTION REQUESTED OF COUNCIL: There is no action on this topic at this time. BACKGROUND: The update will include Youth Foundation programming and how this organization might collaborate with Red Sandstone Elementary School. 4. ITEM/TOPIC: Update on Colorado Ski Museum Plans for Capital Improvements (20 min.) PRESENTER(S): Susie Tjossem, Executive Director, Colorado Ski Museum ACTION REQUESTED OF COUNCIL: There is no action on this item at this time. BACKGROUND: Review capital improvements plan for Colorado Ski Museum 5. ITEM/TOPIC: Town staff will ask the Council: 1) to consider an update to the 1994 Comprehensive Open Lands Plan based on current issues and needs 2) to provide direction on a proposed trail project (30 min. ) 1/6/2015 PRESENTER(S): Gregg Barrie, Landscape Architect ACTION REQUESTED OF COUNCIL: Staff is requesting direction from the Council on whether to initiate a process to update the 1994 Comprehensive Open Lands Plan based on current needs and trends such as water quality improvements, trails improvements, parcel acquisitions, Gore Creek access and other concepts. In addition, staff is requesting direction from Council on whether to begin the approval process with the US Forest Service and the town's PEC to construct a new beginner level hiking and mountain biking trail in the Katsos Open Space per the 1994 Comprehensive Open Lands Plan. BACKGROUND: Please see attached Memorandum STAFF RECOMMENDATION: Staff recommends the Council provide direction regarding the Comprehensive Open Lands Plan update and the Vail Trail Extension process. 6. ITEM/TOPIC: Household Size Requirement For Price Appreciation Capped EHUs (30 min.) PRESENTER(S): Nina Timm, Senior Housing Planner ACTION REQUESTED OF COUNCIL: Staff requests the Town Council listen to the presentation, ask questions and provide staff direction on the household size requirement for price appreciation capped EHUs. BACKGROUND: In the Town of Vail's Employee Housing Guidelines there is a minimum family size requirement for all Town of Vail deed restricted three bedroom units. Town Council has asked questions about the existing minimum household size requirement. Information regarding the Town's minimum household size requirement as well as other communities' requirements have been provided for reference. STAFF RECOMMENDATION: None at this time. 7. ITEM/TOPIC: Information Update: 1) 2nd and 3rd Quarter Investment Report 2) Vail Business Review October 2014 3) Revenue Highlights 4) November 2014 Sales Tax (5 min.) 8. ITEM/TOPIC: Matters from the Mayor, Council and Committee Reports (15 min.) 0 ITEM/TOPIC: Adjournment (estimated 4:05 pm) NOTE: UPCOMING MEETING TOPICS AND ESTIMATED TIMEFRAMES BELOW (ALL ARE APPROXIMATE DATES AND TIMES AND SUBJECT TO CHANGE) THE NEXT REGULAR VAIL TOWN COUNCIL MEETING WORK SESSION WILL BEGIN AT APPROXIMATELY 12:30 P.M. (or TBD), TUESDAY, JANUARY 20, 2015 IN THE VAIL TOWN COUNCIL CHAMBERS 1/6/2015 Ongoing agenda items DRB/PEC updates WS - 15 min.; Information Updates Attachments: WS - 15 min.; Executive Session items: 30 min.; Consent Agenda: 5 min.; Town Manager Report: 5 min. Other future agenda items: Plastic Bags -1/20 Housing Policy - 1/20 Vail Valley Medical Center: Road map for Master Plan, proposed Master Plan, PEC recommendations summary - 2/3 Parking, Building Massing/Architecture, Meadow Drive/Streetscape, Employee Housing, Middle Creek, Procedural Considerations, Traffic/Circulation, Loading/Delivery Service, Land Exchange Considerations - 2/17 Helipad Location and Design proposal - 3/3 Review Master Plan - final topics and decision - 3/17 Proposed future agenda items Council Action Plan Follow up: Keeping Vail in Leadership Position, Define Balanced Community, Parking & Transportation, Technology and Wayfinding Chamonix Site Planning Vail Municipal Site Redevelopment Cleanup Title 12, zoning amendments Fee Schedule Revisions Water Quality Update Bed Base Report Proposal TIF Update 1/6/2015 Towx of vn' 1[1 VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: January 6, 2015 ITEM/TOPIC: Site Visit to Gorsuch Building at 263 E. Gore Creek Drive Please meet at Vail Municipal Building for van ride to Vail Village. PRESENTER(S): Jonathan Spence, Community Development Planner BACKGROUND: The site visit was requested at the December 16th council meeting in relation to a request to proceed through the development review process. This item will be considered during the evening meeting. ATTACHMENTS: Gorsuch Permission to Proceed Staff Memo Gorsuch Permission to proceed Att. 1/6/2015 rowN nFvain Memorandum TO: Vail Town Council FROM: Community Development Department DATE: December 16, 2014 SUBJECT: Permission to Proceed, Gorsuch Building, 263 E. Gore Creek Drive I. DESCRIPTION OF REQUEST The applicant, Gorsuch Ltd., represented by Leila Schwyhart of Semple Brown Design, requests permission to proceed through the Major Exterior Alteration process for a building addition and site improvements utilizing portions of Town of Vail property in the Commercial Core 1 (CC1) Zone District. The building addition proposed includes enclosing the existing outdoor patios and further revisions to the western fagade for a new restaurant tenant. The applicant requests permission to proceed through the Planning and Environmental Commission and Design Review Board processes and, if approved, enter into revocable permit agreements and lease agreements with the Town of Vail. The proposed encroachments are as follows: Proposed re -facing and reconfiguration of existing retaining walls and the replacement of the guardrail. The retaining wall on the south side of the existing stairs along the western elevation is proposed to be rebuilt in its current location. The retaining wall north of the existing stairs is proposed to be rebuilt slightly back from its current location to allow the placement of additional seating benches. Roof overhangs of the proposed addition encroach over the Town of Vail ROW up to four (4) feet with the majority of the proposed encroachments being less than two (2) feet. These encroachments include the roof eaves of the new dining areas and also the existing center element whose enclosure is a component of this application. The total area of the encroachment is approximately 65 square feet. Because of the property line location in close proximity to the building, the applicant is requesting the use of Town of Vail property for the identified encroachments. Please refer to the aerial plan included as Attachment A and the project plans included as Attachment B. The project is anticipated to be seen by the Planning and Environmental Commission on December 22, 2014 for a worksession with a final public hearing planned for early 2015. As a restaurant use is anticipated to generate considerable recyclables, staff will be requesting, as part of the Conditional Use Permit, a plan for compliance with the recently 1/6/2015 adopted recycling ordinance. Staff recommends compliance with the ordinance, without exemption, as a condition for the utilization of Town of Vail property for private building and site improvements. II. BACKGROUND The Gorsuch building was originally constructed in 1966 and has undergone periodic remodels since that time. The outdoor dining patios and related retaining walls and guardrail have been in place since at least the mid 1970's. III. ACTION REQUESTED The Community Development Department requests that the Town Council evaluate the proposal to utilize Town of Vail property for the purposes of a replacement of the existing retaining wall, the installation of pedestrian furniture and the construction of building eaves. This utilization of Town of Vail property would be subject to the terms of a lease agreement. The Community Development Department requests that the Vail Town Council instructs Town Staff to either: S ign the development application on behalf of the property owner and allow the project to proceed through the development review process for the proposed retaining wall replacement, pedestrian furniture and building addition. 2. Deny the request to proceed and require the applicant to amend the plans prior to review by the Planning and Environmental Commission and Design Review Board to exclude any portions of the Town of Vail ROW. What option does the Town Council wish to choose in regard to the applicant's request to proceed through the development review process for the proposed improvements to the Gorsuch building located at 263 E. Gore Creek Drive? IV. ATTACHMENTS A. Aerial of subject property. B. Project Plan Set C. Photos Town of Vail 1/6/2015 Page 2 Vail Village Filing 1, Block 5, Lots C -E (263 Gore Creek Drive) Subject Prop" tors mea.as oearen br me roan a van tis ream use d mre meo uovrn oe io<generai vumoses mn' the rwrn or vem noes na werrenr ine act at me r aim evvra ea neravn Feet INn shrnrn, Nr'. 11 x k�.s:p,,...7t ) 0 50 100 I Last Madlfed December 74, 2(714 TOWN OF VAIL' -------------------------- GORSUCH RESTAURANT ADDITION PEC SUBMITTAL 11.24.2014 263 E Gore Creek Parcel Number 210108229003 LEGAL DESCRIPTION: LOTS C D AND E BLOCK 5 VAIL VILLAGE FIRST FILING TOWN OF VAIL, EAGLE COUNTY, COLORADO 4 OEXTERIOR EXISTING GORSUCH SW CORNER PROJECT NARRATIVE: 1 _7 --------------- EXTERIOR NEW GORSUCH SW CORNER U Background, purpose and details of the proposal. This proposal is a 543 SF addition to the West Facade of 263 E Gore Greek. The 46 year old Ore House restaurant closed its doors in June of 2014. The owner's of the building would like to continue to service the community with a fine dining restaurant, although in order to accommodate the needs of a fine dining restaurant flexible indoor out door seating in the location of the current exterior patios must be added to accommodate dining seating and an accessible main entry. The proposed use is to remain as an A-2 restaurant as previously occupied. The intended impact of the project is to enliven the pedestrian edge of Bridge Street by bringing light and activity from the restaurant space towards the public. The design has incorporated public and private layers from common benches to the restaurant's patron eat rail. The bifolding doors open the restaurant to the exterior and activates the street scape. The proposed addition roof heights are in line with the existing building and do not impact the passage of light on to the adjacent streets. The addition adds a scaled down layer to the building, again bringing the building down to the pedestrian's scale. The finished product of this addition is intended to be compatible with the existing building's architecture and material palette. 1/6/2015 f J I A6 DRAWING INDEX - PEC/DRB SUBMITTAL SHEET NO. SHEET NAME Sorvxnab - a- VW rnitrlwh Chapel F Mr+naw r)r I George 'Restllurant; PO rnr6 &aGo t' of —- Cr T253 Gorr Creek Dr Sweel n+G+i '' a C"goK Or Ciry �,t �r I IV" Nm Rwth . Re4 LM Frro111 adge semplebrown architecture I inferiors I vision semple brawn design, p.c. 1163 sanla to drive denver, coiorado 80204 303-571.4137 ph 303.5710403 f info@semplebrowndesign.com © COPYRIGHT 2014 ANY UNAUTHORIZED USE OF THESE DOCUMENTS IS PROHIBITED WITHOUT THE WRITTEN CONSENT OF: SEMPLE BROWN DESIGN, P.C. 1 2 FM z ti co Co CXR 0 Cn U LU DC w > 0 V w U LU0 Cl) 0 0 LL, M C9 CN REVISION PEC DRB PEC R1 DATE 11.24.14 12.09.14 PROJECT #### NUMBER: PROJECT DATE: 2014.1 1 .24 SHEET TITLE: COVER SHEET SHEET NUMBER: A000 COVER SHEET A004 MATERIAL SCHEDULE AND PHOTOS A100 BASEMENT FLOOR PLAN A101a FIRST FLOOR DOORS CLOSED A101b FIRST FLOOR DOORS OPEN A102 PROPOSED ROOF PLAN A110 ENLARGED EXTERIOR LIGHTING VICINITY MAP A201 NORTH AND SOUTH ELEVATION A202 WEST ELEVATION 263 E GORE CREEK ZONE CC1 A900 SUN ANALYSIS ELEVATIONS A901 SUN ANALYSIS PLANS "•'I rnLr A902 PLAZA RENDERINGS A903 BRIDGE RENDERINGS "'d A904 EVENING RENDERING 9il blr'c �rwr A905 RIGHT OF WAY PLAN DIAGRAMS A906 RIGHT OF WAY SECTION DIAGRAMS D100 DEMOLITION PLAN TS001 TOPO SURVEY rFootage. Rd E 5!`rc ,rte rirt Sd«n `` SFrC�nt3q.,�ti E Campo De Fax r. � 5 I- "' dw* VOLOW pwr W4 Almodwe M Sorvxnab - a- VW rnitrlwh Chapel F Mr+naw r)r I George 'Restllurant; PO rnr6 &aGo t' of —- Cr T253 Gorr Creek Dr Sweel n+G+i '' a C"goK Or Ciry �,t �r I IV" Nm Rwth . Re4 LM Frro111 adge semplebrown architecture I inferiors I vision semple brawn design, p.c. 1163 sanla to drive denver, coiorado 80204 303-571.4137 ph 303.5710403 f info@semplebrowndesign.com © COPYRIGHT 2014 ANY UNAUTHORIZED USE OF THESE DOCUMENTS IS PROHIBITED WITHOUT THE WRITTEN CONSENT OF: SEMPLE BROWN DESIGN, P.C. 1 2 FM z ti co Co CXR 0 Cn U LU DC w > 0 V w U LU0 Cl) 0 0 LL, M C9 CN REVISION PEC DRB PEC R1 DATE 11.24.14 12.09.14 PROJECT #### NUMBER: PROJECT DATE: 2014.1 1 .24 SHEET TITLE: COVER SHEET SHEET NUMBER: KN-4— KN-1 3 N-4KN-13 O - — f - 1'� � I M-10 - ,L M-9— OUTLINE =9 OUTLINE OF ROOF ABOVE --. M-4 `I 2 M-9— PROPERTY =9 PROPERTY LINE f M-10 DINING NORTH DASHED LINE INDICATES LOCATION 103 ,\ ,,• OF EXISTING STONE WALL i M -9- M-10 =9 M-10 I , , I I I DINING TOWER I 102 _ I El I � FIF OUTLINE OF ROOF ABOVE — 96 TO b j I PROPOSED STONE — FOUNDATION WALL IS IN SAME LOCATION AS EXISTING HATCH INDICATES OUTLINE OF 543 SF ADDITION C::D DINING SOUTH L� 101 11k I PROPERTY LINE tE� KN KN -8 I '•� �, � II I --------------- L 0 - KN -3 f KN -13 f FIRST FLOOR PLAN GRAPHIC SCALE 1/6/2015 0 4 8 12 16 0 I - 4 I I OEM= ON SHAFT s ate. 0 LEGAL DESCRIPTION LOTS C D AND E BLOCK 5 VAIL VILLAGE FIRST FILING TOWN OF VAIL, EAGLE COUNTY, COLORADO PEC NOTE LEGEND TAG DESCRIPTION KN -1 SIGNAGE JUST SHOWN FOR PROXIMITY ACTUAL DESIGN TO BE FUTURE SUBMITTAL KN -2 EXISTING BALCONY RAILING TO REMAIN KN -3 EXISTING STREET LAMP KN -4 EXISTING STREET LAMP SLIGHTLY RELOCATED TO THE NORTH EAST KN -6 HEAVY TIMBER RAFTERS TO STAINED TO MATCH EXISTING KN -7 STAINED WOOD FASCIA BOARD DETAILING TO MATCH EXISTING KN -8 NEW STAIRS TO MAIN ENTRY KN -9 NEW FRAMELESS GLASS ENTRY DOOR KN -10 SALVAGE EXISTING SCONCES AND RE USE KN -11 SALVAGE EXISTING SIGN SUPPORT AND RE USE KN -12 ADDITION ROOF LINE TO MATCH OUTLINE OF EXISTING ENTRY PORTICO KN -13 EXISTING TREE M-1 WHITE 3 COAT CEMENTITIOUS STUCCO TO MATCH EXISTING M-2 EBONY STAINED SOLID CEDAR TO MATCH EXISTING M-3 SLATE ROOF TO MATCH EXISTING CLOCK TOWER ROOF [DAVINCI ROOFSCAPES POLYMER SLATE] M-4 ALUMINUM CLAD WOOD WINDOW BIFOLDING DOOR SYSTEM GREEN COLOR TO MATCH EXISTING M-5 STONE CLADDING ON RETAINING WALL TO MATCH EXISTING M-7 1X6 STAINED CEDAR WOOD ROOF SOFFIT TO MATCH EXISTING M-8 COPPER GUTTER TO MATCH EXISTING M-9 PLANTER BOX OF WOOD PAINTED GREEN TO MATCH EXISTING M-10 EBONY STAINED CEDAR BENCH TO MATCH EXISTING M-11 NEW FIXED WINDOW ALUMINUM CLAD GREEN TO MATCH EXISTING M-12 WOOD SHINGLE ROOFING W/COPPER FLASHING TO MATCH EXISTING semplebro n architecture I interiors I vision ig Semple brawn design, P.C. 1160 sante fe drive denver, coiorado 80204 303.571.4137 ph 303.571.0403 fa info@semplebrowndes-ign.com © COPYRIGHT 2014 ANY UNAUTHORIZED USE OF THESE DOCUMENTS IS PROHIBITED WITHOUT THE WRITTEN CONSENT OF: SEMPLE BROWN DESIGN, P.C. 0 1 2 REVISION PEC DRB PEC R1 DATE 11.24.14 12.09.14 PROJECT #### NUMBER: PROJECT DATE: 2014.1 1 .24 SHEET TITLE: FIRST FLOOR DOORS CLOSED SHEET NUMBER: A101a ti C� Cn CXR 0 J LU >_ L 0 V LU w Cl) LUU 0 0 O C/) W M C9 CN 0 1 2 REVISION PEC DRB PEC R1 DATE 11.24.14 12.09.14 PROJECT #### NUMBER: PROJECT DATE: 2014.1 1 .24 SHEET TITLE: FIRST FLOOR DOORS CLOSED SHEET NUMBER: A101a 1 2 3 4 5 6 /\ — 8,f2 -7' O 1 3/16" WE1ST ELEV6ATION M-8 M-7 M-10 • M-5 KN -7 M-11 KN -10 • M_5 PEC NOTE LEGEND TAG DESCRIPTION KN -1 SIGNAGE JUST SHOWN FOR PROXIMITY ACTUAL DESIGN TO BE FUTURE SUBMITTAL KN -2 EXISTING BALCONY RAILING TO REMAIN KN -3 EXISTING STREET LAMP KN -4 EXISTING STREET LAMP SLIGHTLY RELOCATED TO THE NORTH EAST KN -6 HEAVY TIMBER RAFTERS TO STAINED TO MATCH EXISTING KN -7 STAINED WOOD FASCIA BOARD DETAILING TO MATCH EXISTING KN -8 NEW STAIRS TO MAIN ENTRY KN -9 NEW FRAMELESS GLASS ENTRY DOOR KN -10 SALVAGE EXISTING SCONCES AND RE USE KN -11 SALVAGE EXISTING SIGN SUPPORT AND RE USE KN -12 ADDITION ROOF LINE TO MATCH OUTLINE OF EXISTING ENTRY PORTICO KN -13 EXISTING TREE M-1 WHITE 3 COAT CEMENTITIOUS STUCCO TO MATCH EXISTING M-2 EBONY STAINED SOLID CEDAR TO MATCH EXISTING M-3 SLATE ROOF TO MATCH EXISTING CLOCK TOWER ROOF [DAVINCI ROOFSCAPES POLYMER SLATE] M-4 ALUMINUM CLAD WOOD WINDOW BIFOLDING DOOR SYSTEM GREEN COLOR TO MATCH EXISTING M-5 STONE CLADDING ON RETAINING WALL TO MATCH EXISTING M-7 1X6 STAINED CEDAR WOOD ROOF SOFFIT TO MATCH EXISTING M-8 COPPER GUTTER TO MATCH EXISTING M-9 PLANTER BOX OF WOOD PAINTED GREEN TO MATCH EXISTING M-10 EBONY STAINED CEDAR BENCH TO MATCH EXISTING M-11 NEW FIXED WINDOW ALUMINUM CLAD GREEN TO MATCH EXISTING M-12 WOOD SHINGLE ROOFING W/COPPER FLASHING TO MATCH EXISTING T.O. ROOF RIDGE 8,187'- 2 1/2" _ LEVEL 2 10'-25/16" B.O. SOFFIT � g'-2" \-I T.O. DOORS 8'-0" LEVEL 1� 0„ semplebrown architecture I interiors I vision semple brawn design, p.c. 1160 santa fe drive denver, colorado 80204 303.571.4137 ph 303.571.0403 fx info@semplebrowndesign.com © COPYRIGHT 2014 ANY UNAUTHORIZED USE OF THESE DOCUMENTS IS PROHIBITED WITHOUT THE WRITTEN CONSENT OF: SEMPLE BROWN DESIGN, P.C. LREVISION 1 PEC DRB 2 PEC R1 DATE 11.24.14 12.09.14 PROJECT #### NUMBER: PROJECT DATE: 2014.1 1 .24 SHEET TITLE: WEST ELEVATION SHEET NUMBER: A202 ti C� Cn CXR O J LU L ry V w ryU LUCl)0 O 1■1� O O cn LU M C9 CN LREVISION 1 PEC DRB 2 PEC R1 DATE 11.24.14 12.09.14 PROJECT #### NUMBER: PROJECT DATE: 2014.1 1 .24 SHEET TITLE: WEST ELEVATION SHEET NUMBER: A202 �•�� esig r 30 rl r r• r r. r r :1 1 I I r ISI rr 'n •rr -r• r r Ti i s• • �r 1,,-0-a. r ' 't 4 '��� t w rt 1, 4Im I J I "Pi W I #1 r 1 1"' 4 4&� do J v -V�. 11 v ` rt • r � 1.i • W�A•#��1r • 4 � w •A �:L 4 b •i�r '� , ' •, • r r' F' 'fir ! 10 wa 41k � 1 , I!,;" __S1 { ! t man 4 4 a 1 y, r - ��7 �r �i 't L � �'a + 'r f'1,�, 3 1 •" of-! a �' �'^ .•'�1 ■ 044 "1 41 1 Oe IL 41 01 R - � ' rale .t ,; �, S ." _ •l� -• � i • � w \ '�_ s_• - -rte` _ ��.. � - ��' = s � ! �' � �- f • � • ! I� • • i " �.. , . � H it � • I M K ' F' iii _ - ,■ • ' � . " r Ir / +� �JAll AGO I I 5 3D VIEW PROPOSED ADDITION 1/6/2015 DPERTY LINE PROPERTY LINE SECTION @ DINING SOUTH 101 ENTRANCE 1/4" = 1'-0" 1/6/2015 PLANTER f PARA LAH-ER GASTHOF O ERHANG -� GRAMSHrAMMER { VALVE PARCEL (_ _) DENOTES BUSH WITH APPROXIMATE DIAMETER o ERJ `I\ OUBUITLINE °""'"E COVERED BRIDGE RaYER Roa° CONDOMINIUMS X.X DENOTES CONIFEROUS TREE WITH APPROXIMATE TRUNK DIAMETER STORK PAYER ROAD NANH MANHDIE DLE BRIDGE STREET (25' R.O.W.) Ewe ----- -- - _� MaNHDLE a� BUILENG �/' SEWER OOTLINE STONE OENTENMNE _e "A""- L\ X.K DENOTES DECIDUOUS TREE WITH APPROXIMATE TRUNK DIAMETER "€IdEEk 3' sWalE °RUN 19 � vALVF D=24'06'53" cfenTE RacK Waal, \ a 15S7 cav13=02''34" FF sTNRs R=92.30' slas.a covER � p.g0'00'00" � L=3$.73' 47 s9 R=12.00' 500.09'00E 2.34 0 BRG=N \ NOTES: \ BRG=N25'17'1 3"E CURD 13 PgT.lo 19Y34' C LEN -4.50° s]o4E \� / 1) DATE OF SURVEY: 11/06/07, 11/20/07 A-2307' VE"EER 2) SURVEYOR HAS MADE NO INVESTIGATION OR INDEPENDENT SEARCH FOR AMENDED eu LDINc A=5:66' STAINS PAnO "�®re5T HOLE WALL / PLATS, EASEMENTS OF RECORD (OTHER THAN PLATTED), ENCUMBRANCES, 1 6E63.50� ' ov€RHAND I cOyt:REO - 136_ a's�s \, ss // RESTRICTIVE COVENANTS, OWNERSHIP TITLE EVIDENCE, OR ANY OTHER / 1 ENrRr ' r - ILI ------ -_- � � FACTS THAT AN ACCURATE AND CURRENT TITLE SEARCH MAY DISCLOSE. 1 ROCK FACING 30.0' a 3w - MI I� _ Jf/ °3' ry 9166411,2 "'' at64a I^ 3) NOTICE. ASE[) UNO TO COLORADO LAW YOU MUST COMMENCE ANY LEGAL +s'� 5.4• '�. ACTION BASE[) UPON ANY DEFECT IN THIS SURVEY WITHIN THREE YEARS +I ^risie4iv2 sa s 1 o �g�3 / AFTER YOU FIRST DISCOVER SUCH DEFECT. IN NO EVENT MAY ANY I -! 1 a• ) ACTION BASED UPON ANY DEFECT IN THIS SURVEY BE COMMENCED MORE x VALVE THAN TEN YEARS FROM THE DATE OF THE CERTIFICATION SHOWN ENTRY O \ C04ER HEREON. O MAIN .S G 55.5 w m i t STAIRS n 61554 ;a o j / OVERHANG BUILOINc +II W _ I LOT b ENTRY OUTLINE Iri i I 8160,3 j - _ 2 __ 3 Sw "E "-- DS LOT e LOT d m LOT e I SO4.22'00"W // / ONE 59 8160. + DRUGE 1 1.08' / VENEER a P WALL m faOalNc °. DROSS-EASEM€NT AGREEMENT / If, J RECORIIEO 8590 P760 F I (DASHED LINE n. PROPERTY LINE] 0-2 F A" 3 ENLRT ACCE55 TO / ISTAURANT ROOF OVERHANG / III 6UL➢ING. LaT < LOT a / DRAIN / PAYER ROAD PLANTER (P W PIPE (P & R CONDOMINIUMS) A=0$'56' IJ20 c04c. 3La6 I R=325.89' N 65'36'0 w 1 I PINTER L=50.87' 1 5.2x3 76.050 ounL 1 sxnnaN 1534 OVERNANG I Po +j / i PATH 6155,s 'RAIN DRUM URAIN IN) W EU / 81 51.3 as 08 / O rc B15T" 8155.5 BOULDE �R VPLVE r•] z B Si 3 PIPE" / POATID S7CNE WALL O EP z Ell v� E160.8 ENTRT 5151 d. ' 6156.6 PTANTER F' A 5.0 VENHANG ��816ea ENTRY STAIRS / " E_ ,-W NL 81604 STAIRS sTCfTe / MANHOLE ' V v ` LL 816Li6 ..:.• W t aY56 ] VENEER / D. EN1RY t 8r6194': q W L wall LIGHT 1 o3T (((((((((� I 0.2/11 .- qJ PFJfESTAL !!!l�r�(�1�M11111JJJ1111 /J • VVVVVVVVV D2 ������yp,� / MC91T PDST 2 .W 23,35 111 iRANSFCRMER WOCIO 61613 4 81' fi A ` TEA'" / sreST I unuTr PED 29 26' 25' NT3 15 DO a ShPs I roP WALL wNNTEJE. P , =/s / i= I + 1 I ]1 1 / I a / � I a % / I ! APRROx. LOCATION 1G0 YEAR FLOOD / PYAik TSO "OTED FnOM ", DAT FEMA FLOOD IN5e Rl�NLE STUDY DATED AUGUST 25. 2003. 3 _'OSLUU €TEVAnON DATUM OF SEI: -5.0 TO MATCH ELEVATIONS OF ! I TOPOGRAPHIC S1RvEY. MANHOLE .. PART QF - WALL METAL .y ! 'W TRACT B ENTRY i p. _ Eve+NG NArD-1 DI 75.0' @1St 6 RE TGP WALL 8162.4 ELEC F I.p NOO.09'OO54.26' T TE Pam p y VENEER i �.II NDTE� °RAwINc Br MSM IN 1866 SHaws A SO4'31'16"W 75,72' ----J WALL WALL R I, ♦ WATERLINE EASEMEM IN TH15 AREA. STNRS I A VANE t' TEST HOLE UNKNOWN IF EVER RECORDED OR STILL a.8 T 5 CONDUIT COVER 1,�I `� 51651 VALID. 0.6 C EL€C / ! 711j, `11 0.] TRACT °3 NO. 6 ';.3 OLE • � ` a, D.] _D /, �C. / $ ; % B so, STREA Y FENT; SATE i i. ROCK NOTE'. TRASH DescrimCCOMPArTo SEASFOR Acc s. PARKING. A D !I I O v, 0 ❑LII 0II rv0 SIGN, ASPHALT ! i -- WERE WRRI'EN IN. T 5 9Y EAGLE vALIEY SORv[1•ING -t CONC J 08 � \ I EL€L 5.0 / / / �' / TRACT G ROAD ' Ij UNKNOWN IF E ER RECORDED. PA° PANE LEGEND VAIL VILLAGE f - _ _ PD6T� ' / f WATER VALVE c_ iL l,i cAoiD"G _ _ W 1AASN CO.- _ ! / 5, yry Y� % SPRINKLER VALVE FIFTH FILING r' JjI �ELec ° - - _ EMCLOSURe �" / ( LIGHT cwac. PAN 1 rl ! DaarlSF°kM[N• PANEL _ a �T'Ci� / ri.° 5 y di} \ / er ELECTRIC OUTLET > FOUND - 81t EDGE / {UTILITY CONDUIT PAYERS ,lel &WAfHER. D.5 5'CNP M�M�M�M,V 6� - / / = STRFPM a fp i? Lsg3DGST ® INv a156.9 _ = _ - ? _ y ,e 17 GAS METER W> I \'7 }Id O w` ^ IS SIGN POLE Io.O i / � - ®TV PED r OST IN EERNET 1` \ \ ~ 4 " V ss y +PHONE PED / r / IROTE D.4 OAX �� ' �y\N1C_ 10. 12 /W df d/ €BGE I SEWER CLEANOUT SEWER EaNHOC MANHOLE , % / y LE � 0 2 v STRFPM /> I ELEL. 0.2 D=2 \ 92 \ FITLDER`\ S STAND PIPE i. PANEL - Z6•/. 02 10 WLDERl `��>/(/l. ry �`y fI'J/ / Po ROCK WALL ` dldJ APPRO%. /V _ / 0.2 0.6 �M J// CENTERl1NE WALL r a. �Ir'u_M_M_R $�55 -M N 10. d/di / STREAM /K, 0' 10' 20' 30' ASPHALT I ATE /a POST ROAD CRWAONCENTEELINE y 816].8 5y 1,2 FLAGS 0'3 y CENTER - STREAM /d / OCK ` STREAM _WA STAIRS 0,2 10 'll! �\ SURVEYOR'S CERTIFICATE % D€cn ROOK s2 I, Stan Hogfeldt, a Professional Land Surveyor registered under the laws of /' 597rOPD.DWG 12/19/07 KPJ wacK ENTRY - STEPS a the Stale of Colorado, do hereby certify that this topographic survey was ALL mm r 61 sa.z 8,, D.Sx made by me and under y supervision, and that the survey is accurate and °,z r BOumER I 'gyp N\° Correct to the Sell, of my knowledge. �i 863.8 88"a wA 59 .•' c`•. TOPOGRAPHIC SURVEY I BgLeD4r I 62 GI 5e si + r _ I DWiIEINJNEE II �ry TaE se Stan e LOTS l�.q d, P. 9 ENTRY l ENTRY DEaM I 2 CDlora gP.L . 2659 PBLOCK 5 6164.2 8163.7 ' �n� , '266e8 F-�T -�'T, vAIL TOWNHousE 1 W n �Ew Date:-� v -ice-- VAIL VILLAGE FIRST FILING P10. BOXG$$230 6 & 24, EAGLE-VAIL CONDOMINIUMS _ •��,p��,• TOWN OF VAIL, EAGLE COUNTY, COLORADO EDWARD5, CO. 81632 JOB No. 697 (970)949-1406 1/6/2015 semplebrown architecture I interiors I vision semple brawn design, p.c. 1160 santa fe drive denver, colorado 80204 303.571.4137 ph 303.571.0403 fx info@semplebrowndesign.com © COPYRIGHT 2014 ANY UNAUTHORIZED USE OF THESE DOCUMENTS IS PROHIBITED WITHOUT THE WRITTEN CONSENT OF: SEMPLE BROWN DESIGN, P.C. Y J C� 0 O CIOJ LU LLJ 0 LL LU V w IrU LUCl)0 O O C/) LU M 0 N LREVISION 1 1 PEC DRB DATE 11.24.14 PROJECT #### NUMBER: PROJECT DATE: 2014.1 1 .24 SHEET TITLE: TOPO SURVEY SHEET NUMBER: TS001 - DVERHANG j 9' 1 6159.9 j� � LOT b, BLOCK 5-B 4) 5p515 OF EVEVATION: TOWN OF VAIL VIEW CORRIDOR POINT VP#1 EL=8180.98. GRATE e1sa3r) CALVE CO Ek \ DtEe�R�uNE \ STORKS ep 5) BASIS OF PROLINE LOCATION: MONUMENTS AT TOWN OF VAIL VIEW CORRIDOR (n ENTRY P���COknED ,r PgVER ROAD QA'Y ` SECTION POINT pT AND C -W 1/16 CORNER B. 70 I TO , 6164.2 Ip�-�P123 M _ V� (� S�c sTNEER I 6) BEARINGS AND DISTANCES ALONG PROPERTY LINES SHOWN HEREON ARE N e - 0. J xJ'xa' N CVERHANS `e �` w 4 `T WALL Is f�� AS SHOWN ON THE SUBDIVISION PLAT ONLY. A BOUNDARY SURVEY WOULD BE NECESSARY TO DETERMINE THE TRUE DIMENSIONS OF THE LOT AND SET@ACKS, WHICH MAY VARY FROM THE PLATTED DIMENSIONS. VAL�.E COVER FFI rnrn,,I '4 ENTRY162.1 IS ''e� 1 Fri N CO ( DECK 5 ,r 7) ADDITIONAL SPOT ELEVATIONS ARE AVAILABLE ON CAD LAYERS, (PNTELEV, SPOTEL). THEY ARE NOT CURRENTLY SHOWN, (FROZEN), ON THIS PAPER COPY DUE TO THE /� O STAIRS ED PLANTER PLAN R °° a �I 1� EXCESSIVE NUMBER 6F THEM. V fi J �] stucco WALL -- I ii )I ROOF OVERHANG 1.8'%6.4' C-4- W VALVE 8 V CONTOUR INTERVAL ) 9) BUILDING SETBACK INFORMATION IS NOT PLATTED. PRIOR TO ANY DESIGN G m // aDIItMNG LOT c STAIRS TOP a ER WALL OT'TY OR CONSTRUCTION IMPROVEMENTS ON THIS PROPERTY, TOWN OF VAIL m 3.]'. x13.7' SECOND FlaOR UI / VVV 6161.6 ,,,rrr������ NANNOE GRATE $HOULp BE CONTACTED FOR CORRECT BUILDING SETBACK INFORMATION. PUNTER DECK pT / a155.a ® X.x 10) CALCULATED AREA OF SHOWN PARCEL = 0.2056 ACRES. O06•x13.7' OvERNARD 1) iqN i 0 FLAG PoIE LwTER TeoLE / 11) FEMA FLOOD PLAIN STUDY FOR MILL CREEK UNAVAILABLE. 12) THIS SURVEY AND THE INFORMATION CONTAINED HEREON IS THE PROPERTY OF nh I \ GAS®R11 EAGLE VALLEY SURVEYING, INC. AND IS INTENDED FOR THE SOLE USE OF THE ) EN RY i j / VALVE ORIGINAL CLIENT ONLY. ANY USE OF OR TRANSFER TO OTHERS IS PROHIBITED. O MAIN .S G 55.5 w m i t STAIRS n 61554 ;a o j / OVERHANG BUILOINc +II W _ I LOT b ENTRY OUTLINE Iri i I 8160,3 j - _ 2 __ 3 Sw "E "-- DS LOT e LOT d m LOT e I SO4.22'00"W // / ONE 59 8160. + DRUGE 1 1.08' / VENEER a P WALL m faOalNc °. DROSS-EASEM€NT AGREEMENT / If, J RECORIIEO 8590 P760 F I (DASHED LINE n. PROPERTY LINE] 0-2 F A" 3 ENLRT ACCE55 TO / ISTAURANT ROOF OVERHANG / III 6UL➢ING. LaT < LOT a / DRAIN / PAYER ROAD PLANTER (P W PIPE (P & R CONDOMINIUMS) A=0$'56' IJ20 c04c. 3La6 I R=325.89' N 65'36'0 w 1 I PINTER L=50.87' 1 5.2x3 76.050 ounL 1 sxnnaN 1534 OVERNANG I Po +j / i PATH 6155,s 'RAIN DRUM URAIN IN) W EU / 81 51.3 as 08 / O rc B15T" 8155.5 BOULDE �R VPLVE r•] z B Si 3 PIPE" / POATID S7CNE WALL O EP z Ell v� E160.8 ENTRT 5151 d. ' 6156.6 PTANTER F' A 5.0 VENHANG ��816ea ENTRY STAIRS / " E_ ,-W NL 81604 STAIRS sTCfTe / MANHOLE ' V v ` LL 816Li6 ..:.• W t aY56 ] VENEER / D. EN1RY t 8r6194': q W L wall LIGHT 1 o3T (((((((((� I 0.2/11 .- qJ PFJfESTAL !!!l�r�(�1�M11111JJJ1111 /J • VVVVVVVVV D2 ������yp,� / MC91T PDST 2 .W 23,35 111 iRANSFCRMER WOCIO 61613 4 81' fi A ` TEA'" / sreST I unuTr PED 29 26' 25' NT3 15 DO a ShPs I roP WALL wNNTEJE. P , =/s / i= I + 1 I ]1 1 / I a / � I a % / I ! APRROx. LOCATION 1G0 YEAR FLOOD / PYAik TSO "OTED FnOM ", DAT FEMA FLOOD IN5e Rl�NLE STUDY DATED AUGUST 25. 2003. 3 _'OSLUU €TEVAnON DATUM OF SEI: -5.0 TO MATCH ELEVATIONS OF ! I TOPOGRAPHIC S1RvEY. MANHOLE .. PART QF - WALL METAL .y ! 'W TRACT B ENTRY i p. _ Eve+NG NArD-1 DI 75.0' @1St 6 RE TGP WALL 8162.4 ELEC F I.p NOO.09'OO54.26' T TE Pam p y VENEER i �.II NDTE� °RAwINc Br MSM IN 1866 SHaws A SO4'31'16"W 75,72' ----J WALL WALL R I, ♦ WATERLINE EASEMEM IN TH15 AREA. STNRS I A VANE t' TEST HOLE UNKNOWN IF EVER RECORDED OR STILL a.8 T 5 CONDUIT COVER 1,�I `� 51651 VALID. 0.6 C EL€C / ! 711j, `11 0.] TRACT °3 NO. 6 ';.3 OLE • � ` a, D.] _D /, �C. / $ ; % B so, STREA Y FENT; SATE i i. ROCK NOTE'. TRASH DescrimCCOMPArTo SEASFOR Acc s. PARKING. A D !I I O v, 0 ❑LII 0II rv0 SIGN, ASPHALT ! i -- WERE WRRI'EN IN. T 5 9Y EAGLE vALIEY SORv[1•ING -t CONC J 08 � \ I EL€L 5.0 / / / �' / TRACT G ROAD ' Ij UNKNOWN IF E ER RECORDED. PA° PANE LEGEND VAIL VILLAGE f - _ _ PD6T� ' / f WATER VALVE c_ iL l,i cAoiD"G _ _ W 1AASN CO.- _ ! / 5, yry Y� % SPRINKLER VALVE FIFTH FILING r' JjI �ELec ° - - _ EMCLOSURe �" / ( LIGHT cwac. PAN 1 rl ! DaarlSF°kM[N• PANEL _ a �T'Ci� / ri.° 5 y di} \ / er ELECTRIC OUTLET > FOUND - 81t EDGE / {UTILITY CONDUIT PAYERS ,lel &WAfHER. D.5 5'CNP M�M�M�M,V 6� - / / = STRFPM a fp i? Lsg3DGST ® INv a156.9 _ = _ - ? _ y ,e 17 GAS METER W> I \'7 }Id O w` ^ IS SIGN POLE Io.O i / � - ®TV PED r OST IN EERNET 1` \ \ ~ 4 " V ss y +PHONE PED / r / IROTE D.4 OAX �� ' �y\N1C_ 10. 12 /W df d/ €BGE I SEWER CLEANOUT SEWER EaNHOC MANHOLE , % / y LE � 0 2 v STRFPM /> I ELEL. 0.2 D=2 \ 92 \ FITLDER`\ S STAND PIPE i. PANEL - Z6•/. 02 10 WLDERl `��>/(/l. ry �`y fI'J/ / Po ROCK WALL ` dldJ APPRO%. /V _ / 0.2 0.6 �M J// CENTERl1NE WALL r a. �Ir'u_M_M_R $�55 -M N 10. d/di / STREAM /K, 0' 10' 20' 30' ASPHALT I ATE /a POST ROAD CRWAONCENTEELINE y 816].8 5y 1,2 FLAGS 0'3 y CENTER - STREAM /d / OCK ` STREAM _WA STAIRS 0,2 10 'll! �\ SURVEYOR'S CERTIFICATE % D€cn ROOK s2 I, Stan Hogfeldt, a Professional Land Surveyor registered under the laws of /' 597rOPD.DWG 12/19/07 KPJ wacK ENTRY - STEPS a the Stale of Colorado, do hereby certify that this topographic survey was ALL mm r 61 sa.z 8,, D.Sx made by me and under y supervision, and that the survey is accurate and °,z r BOumER I 'gyp N\° Correct to the Sell, of my knowledge. �i 863.8 88"a wA 59 .•' c`•. TOPOGRAPHIC SURVEY I BgLeD4r I 62 GI 5e si + r _ I DWiIEINJNEE II �ry TaE se Stan e LOTS l�.q d, P. 9 ENTRY l ENTRY DEaM I 2 CDlora gP.L . 2659 PBLOCK 5 6164.2 8163.7 ' �n� , '266e8 F-�T -�'T, vAIL TOWNHousE 1 W n �Ew Date:-� v -ice-- VAIL VILLAGE FIRST FILING P10. BOXG$$230 6 & 24, EAGLE-VAIL CONDOMINIUMS _ •��,p��,• TOWN OF VAIL, EAGLE COUNTY, COLORADO EDWARD5, CO. 81632 JOB No. 697 (970)949-1406 1/6/2015 semplebrown architecture I interiors I vision semple brawn design, p.c. 1160 santa fe drive denver, colorado 80204 303.571.4137 ph 303.571.0403 fx info@semplebrowndesign.com © COPYRIGHT 2014 ANY UNAUTHORIZED USE OF THESE DOCUMENTS IS PROHIBITED WITHOUT THE WRITTEN CONSENT OF: SEMPLE BROWN DESIGN, P.C. 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AllAll All !I z a 6 + ' • �� l qe • • ' , • •_ F '1 �.� r ` •$i .� -p•7lf kyr `r i UL low -- lax J'J wry �.•+ ,•d. h " l lull �t f' a r or - M `'t ' 'a"' /fir .��r��� i� � � - - �_ , � •�, p 4� S - Net q44 Alit � F y f VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: January 6, 2015 ITEM/TOPIC: DRB/PEC Update PRESENTER(S): Warren Campbell, Chief of Planning ATTACHMENTS: December 17, 2014 DRB Meeting Results December 22, 2014 PEC Meeting Results 1/6/2015 TOWN OF VAIN TOWN OF VA MEMBERS PRESENT Andy Forstl Brian Gillette Tom DuBois Bill Pierce Rollie Kjesbo DESIGN REVIEW BOARD AGENDA PUBLIC MEETING December 17, 2014 Council Chambers 75 South Frontage Road West - Vail, Colorado, 81657 MEMBERS ABSENT PROJECT ORIENTATION 1:30pm SITE VISITS 1. Gorsuch Building - 263 East Gore Creek Drive 2. 1226 Vail Residence - 1226 Westhaven Circle 3. Manor Vail Lodge - 595 East Vail Valley Drive MAIN AGENDA 3:OOpm Tjossem Residence DRB140344 Joe Final review of an addition (garage, patio, stairs) 1630 Buffehr Creek Road/Lot 4, Elk Meadows Subdivision Applicant: Brad and Susie Tjossem, represented by Sig Bjornson ACTION: Approved with Conditions MOTION: Gillette SECOND: Forstl VOTE:5-0-0 CONDITION(S): 1) The applicant shall submit revised plans with the building permit application with the following revisions: The portion of the new concrete driveway cannot extend east of the western edge of the new flagstone walk to the main entrance; existing asphalt shall be removed and landscaped with turf.; The proposed patio located beyond the building envelope shall be removed from the plans as this type of physical improvement is not allowed in SDD16. 2. Jaffe Residence DRB140527 Joe Final review of new construction (duplex) 1825 West Gore Creek Drive/Lot 19, Vail Village West Filing 2 Applicant: Tom Jaffe, represented by Segerberg Mayhew Architects ACTION: Approved with Conditions MOTION: Pierce SECOND: Forstl VOTE: 5-0-0 CONDITION(S): 1) With the building permit application, the applicant shall submit a revised landscape plan showing three additional trees (8'-12') to be planted immediately north of the primary unit, towards the front of the lot. 1/6/2OMge 1 3. 1226 Vail LLC DRB140551 Final review of new construction (duplex) 1226 Westhaven Circle/Lot 38, Glen Lyon Subdivision Applicant: 1226 Vail LLC, represented by Berglund Architects ACTION: Tabled to January 7, 2015 MOTION: Pierce SECOND: Forstl VOTE: 5-0-0 4. Manor Vail Lodge DRB140555 Final review of a sign application (building identification) 595 East Vail Valley Drive/Lot A -C, Block 1, Vail Village Filing 7 Applicant: Yaseen Design Studio LLC represented by Kraig Yaseen ACTION: Tabled to January 7, 2015 MOTION: Pierce SECOND: Forstl VOTE: 5-0-0 5. Gorsuch Building DRB140550 Conceptual review of an addition (patio enclosure) 263 East Gore Creek Drive/Lots C -E, Block 5, Vail Village Filing 1 Applicant: Gorsuch Ltd., represented by Semple Brown Design ACTION: Tabled to January 7, 2015 MOTION: Pierce SECOND: Forstl VOTE: 5-0-0 STAFF APPROVALS Christie Residence OTC14-0065 Final review of a minor exterior alteration (windows) 4580 Vail Racquet Club Drive Unit 3-13/Vail Racquet Club Condominiums Applicant: Mark W. Christie Cook Residence DRB140238 Final review of an addition (garage) 1125 Hornsilver Circle/Lot 9, Block 1, Vail Village Filing 8 Applicant: Laura Cook, represented by Zehren and Associates Plata Jewelers DRB140535 Final review of a sign (business identification) 184 Gore Creek Drive/Lot 1, Lodge Subdivision Applicant: Plata Designs represented by Cecilia Martin Mathias Residence DRB140543 Final review of a minor exterior alteration (paint) 5125 Black Bear Lane/Lot 11, Block 2, Gore Creek Subdivision Applicant: Montgomery Mathias FRC3 LLC DRB140544 Final review of a minor exterior alteration (windows/doors) 1650 Fallridge Road/Lot 2, Sunburst Filing 3 Applicant: FRC3 LLC represented by Pierce Architects Blair Residence DRB140546 Final review of a minor exterior alteration (windows/doors) 1650 Fallridge Road/Lot 2, Sunburst Filing 3 Applicant: B. spencer Blair Irrevocable Trust represented by Pierce Architects 1/6/2OMge 2 Joe Joe Jonathan Martin Jonathan Jonathan Joe Joe Joe Destination Resorts Vail DRB140547 Warren Final review of a sign (subdivision entrance) 610 West Lionshead Circle (Landmark)/Lot 1, Block 1, Vail Lionshead Filing 3 Applicant: Destination Resorts Management, represented by Geoff Wright Wall Street Retail, LLC DRB140548 Final review of a sign (business identification) 225 Wall St. #104/Lot B & C, Block 5C, Vail Village Filing 1 Applicant: Shades of Vail represented by Hugh Paine Jonathan Berkshire Hathaway Home Services Colorado Properties DRB140553 Jonathan Final review of a sign (display box) 511 E. Lionshead Circle/Lot 3, Block 1, Vail Lionshead Filing 1 Applicant: Berkshire Hathaway Home Services represented by Michael Slevin Betty Ford Alpine Gardens DRB140554 Jonathan Final review of a changes to approved plans (rooftop terrace) 530 S. Frontage Road East/Unplatted Applicant: Betty Ford Alpine Gardens represented by Jack Hunn Sorensen Residence DRB140556 Jonathan Final review of a minor exterior alteration (vent) 4595 Bighorn Road Unit C1/Lot 3-5, Block 1, Bighorn 3rd Addition Applicant: Pamela Sorensen represented by Steven Squier 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. 1/6/20Mge 3 TOWN OF VAIL' PLANNING AND ENVIRONMENTAL COMMISSION December 22, 2014 at 1:00pm TOWN COUNCIL CHAMBERS / PUBLIC WELCOME 75 S. Frontage Road - Vail, Colorado, 81657 MEMBERS PRESENT Henry Pratt Michael Kurz Luke Cartin Dick Cleveland Pam Hopkins Webb Martin John Rediker Site Visit: None MEMBERS ABSENT 15 minutes A request for the review of conditional use permit, pursuant to Section 12-7H-4, Permitted and Conditional Uses; Second Floor and Above, Vail Town Code, in accordance with the provisions of Chapter 12-16, Conditional Uses, Vail Town Code, to allow for a business office, located at 500 East Lionshead Circle (Lions Pride Building)/Lot 1, Block 1, Vail Lionshead Filing 1, and setting forth details in regard thereto. (PEC140043) Applicant: Lazier Lionshead LLC, represented by Jay Petersen Planner: Joe Batcheller ACTION: Approved with condition(s) MOTION: Kurz SECOND: Rediker VOTE: 7-0-0 CONDITION(S): 1. The applicant shall not use the office space for purpose of real estate transactions at anytime. 2. Business operations within the office space shall be for the exclusive purpose of displaying goods and materials related to the redevelopment of the site (Lot 1, Block 1, Vail Lionshead Filing 1). 3. Approval of the Conditional Use Permit shall expire after two years from the date of approval, or when the Lion's Pride Building located at 500 East Lionshead Circle (Lot 1, Block 1, Vail Lionshead Filing 1) is demolished, which ever takes place first. Planner Batcheller presented the application per the staff memorandum. Staff walked through the proposed conditions of approval and the criteria applicable to this review. Commissioner Cartin asked for clarification related to the moving of the business entrance. Planner Batcheller spoke to the definition of 1s' floor in the Vail Town Code and the origin of this condition. Commissioner Cartin spoke to his feelings that moving the door was not necessary to be a 2nd floor location. Commissioner Pratt requested clarification regarding the proposed condition #1. Joe provided clarification on the reasoning for the condition. Commissioner Kurz asked about proposed exterior work. Joe provided clarification. Commissioner Cleveland asked about a time limit. Joe spoke to this issue. Commissioner Cleveland spoke to the condition of requiring the doors movement and his need for a time limit. Commissioner Kurz echoed Commissioner Cleveland regarding the door and does not support the condition regarding the bay windows. Jay Peterson, representing the applicant, spoke to his conversations with the Planning Director concerning the proposed conditions of approval. Jay spoke briefly to the history of the building and the proposed use. Commissioner Martin spoke to his support of the project. Commissioner Rediker supports the project with the removal of the door condition. Commissioner Kurz spoke to his support removing the first two conditions and adding an additional condition related to time. Commissioners Cleveland, Hopkins and Cartin support Commissioner Kurz Commissioner Pratt reiterates his support, striking the first two conditions. 2. A request for a final review of a major exterior alteration or modification, pursuant to Section 12- 76-7, Exterior Alterations or Modifications, Vail Town Code, to allow for an exterior renovation and addition, located at 263 Gore Creek Drive (Gorsuch Building)/Lots C -E, Block 5, Vail Village Filing 1, and setting forth details in regard thereto. (PEC140042) Applicant: Gorsuch Ltd., represented by Semple Brown Design Planner: Jonathan Spence ACTION: Table to January 12, 2015 MOTION: Cartin SECOND: Cleveland VOTE: 7-0-0 3. Approval of December 8, 2014 minutes MOTION: Cartin SECOND: Cleveland VOTE: 7-0-0 4. Information Update 5. Adjournment MOTION: Kurz 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 112 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 December 19, 2014 in the Vail Daily. i1� ►owx of vn' 1[1 VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: January 6, 2015 ITEM/TOPIC: Update on Youth Foundation Programs PRESENTER(S): Melissa Rewold-Thuon, Youth Foundation ACTION REQUESTED OF COUNCIL: There is no action on this topic at this time. BACKGROUND: The update will include Youth Foundation programming and how this organization might collaborate with Red Sandstone Elementary School. ATTACHMENTS: Youth Foundation Programs Update 1/6/2015 2 015 - VVF's Youth Foundation Vail Valley Foundation's Edueation Arm Mission - levating Education, Arts & Athletics for the Youth of the Vail Valley Belief Statements ■We believe that we make the difference in the lives of the children we serve. ■We believe that a child's economic status does not determine their destiny. ■We believe that we, the community, will educational level of Vail Valley. 1/6/2015 in collaboration with raise the all children in the i�L\ImCi[i OBJ I Education - Social Services What services will we be providing? ,mow: . Awmhl 1/6/2015 Targeted - Continuum What will be our scope of support? 1/6/2015 In School - Extended Learning What will be our area of focus? 1/6/2015 Direct Services - Granting Organizati What will be our operating strategy? 1/6/2015 Red Sandstone - Current Support ■ Kindergarten Scholarships ■Programs now open to RSES students - ■ COPA ■ Great Start ■ Celebrate the Beat Summer • First Notes Young Composers Camp ■ Sowing Seeds Camps ■ Anti -bullying ■ Summer PwrHrs ■ RSES on our expansion plan - asking for programming for 3 yrs 1/6/2015 Red Sandstone - Proposed Program ■ Nordic PwrHrs Program Red Sandstone Elementary - ■ Students - Up to 50 ■ COST - $48,570 ■ $23,625 labor (coaches & tutors), $9,450 transportation (bus to home after program), $3,000 equipment rental (12 weeks), $1,500 dry land training equipment, $352 Mileage, $1000 program supplies, $7715 PwrHrs labor, $1,928 indirect program costs 1/6/2015 Vail Educational Summit - June 2016 ■Purpose - To bring together leading philanthropists and foundations that support education to; discuss leading education reform initiatives, draw inferences about best systemic practices and thereby improve the probability of philanthropic spending being more effectively targeted, and to propose actionable change. 1/6/2015 Prepare children ages birth to five and their parents to be kindergarten ready The Youth Foundation elevates Education, Arts and Athletics for the youth of Eagle County through our programs in early childhood, K-12 and college scholarships. We provide youth development and education programming for over 3,800 kids from birth to college. Improve children's achievement and engagement in school through extended learning opportunities with an emphasis on the whole child Higher Educaflon Provide personal, streamlined, and connected programs via scholarships, internships and apprenticeships, to ensure 100% graduation and community connection beyond high school The Youth Foundation is a 501c3 that operates as the education arm for the Vail Valley Foundation. Donations to most of our programs are eligible for the Colorado Childcare Contribution Tax Credit in addition to a standard charitable gift deduction. We Believe that in collaboration with the coma we will raise the educational IeVE children in the Vail Valley. Wei that XA/n mnl,,o n rJiffnrnnrn in fkn Ne Believe wild's economic status determine their destiny. 2012 PwrHrs student numbers increased by 73% and experienced 3x the literacy growth of non PwrHrs students 2013 88% of elementary & middle school summer STEAM camp students grew in math and literacy 2014 92% of Great Start preschool participants met or exceeded expectations for kindergarten readiness 2015 & Beyond Create opportunities for ALL children and families in Eagle County to be Youth Foundation participants Programs c • - Youth Foundation Dollars for Scholars® 1/6/2015 Youth Foundation Dollars for Scholars creates a First Notes personal, streamlined and connected program First Notes positively impacts students' which manages donors and students in the C lives through intensive music education. scholarship process and provides ongoing support with the goal of 100% college graduation rate. Sowing Seeds C: Sowing Seeds strives to improve the 016 knowledge of life science and personal health through learning the origin of PwrHrs Summer food in a greenhouse and outdoor gardens. PwrHrs Summer programs improve students' academic performance and engagement in school Celebrate the Beat through extending STEAM learning opportunities Celebrate the Beat provides inspirational music with an emphasis on closing the achievement gap and dance classes that help children discover and reducing the effect of the "summer slide." their potential. We use dance as the medium : to teach children valuable life lessons. Energy, PwrHrs After School * discipline, hard work, commitment, and joyful PwrHrs After School is to improve children's concentration can lead to success. achievement, education and engagement in school through extended learning opportunities Academic Soccer during the school year. Academic Soccer increases academic performance utilizing the game of soccer to build student engagement in school. Success at Six Anti -bullying Success at Six exists to provide financial assistance Anti -bullying is committed to instilling confidence for kindergarten tuition so that all children in Eagle and increasing awareness of bullying. This County are able to attend full day public kindergarten program also works to provide students regardless of family income level. with tools to prevent bullying with a focus on Great Start * a prevention, intervention, and empowerment. The Great Start program increases kindergarten Girl PowHER readiness by providing a summer kindergarten Girl PowHER empowers young women mentally, bridge program for children with limited emotionally and physically in order to prevent preschool experience. high school drop-out and ensure each girl o : Magic Bus * reaches her full potential in life. The Magic Bus is a mobil preschool program COPA that prepares children three to five years old, COPA Edwards inspires lives and enriches who do not attend a traditional preschool, communities by harnessing the sport of for success in kindergarten. soccer for youth development during the • Learn Through Play summer months. The Learn Through Play program is comprised of fun and interactive parent and child play groups. Families with children ages birth to three years old are empowered to have increased understanding of child development and be more actively involved and equipped to help prepare their children for * Denotes eligibility for the Colorado success in school. Childcare Contribution Tax Credit. Parent Mentor Ask us for more information The Parent Mentor program engages and empowers parents in their children's education through volunteerism and training. This program is designed to build and support deep and enduring relationships between students, teachers and parents and to grow participants into true educational partners in their ' schools and communities. Vail valley Foundations Education Arm 1/6/2015 Vail Valley Foundation's Education Arm Here are some examples of what your dollars can do: .............$100,000 Principal's Circle Underwrite the operation of one Magic Bus or a PwrHrs program at one school for an entire year .. $50,000 Valedictorian Society Underwrite one four-week session of PwrHrs Summer Programming .............. $25,000 Honor Society Provide full-day kindergarten for ten children for one year .. $10,000 Education Innovator Sponsor a grade level of PwrHrs students for one school year .. . . . . . . . . . . . . $5,000 Education Advocate Fund a PwrHrs teacher for one year to make a difference ................ $2,500 Education Supporter Sponsor one child for one year of afterschool and summer PwrHrs ................ $1,000 Education Champion Fund STEAM (Science, Technology, Engineering, Arts and Math) projects for all PwrHrs Summer Camp students .. $500 Education Mentor Provide one scholarship for a student to attend a Great Start program to prepare for kindergarten .. $250 Friend of Education Provide one scholarship for a student to attend an enrichment summer camp for one week .. $100 Education Contributor Provide a new violin or trumpet for a First Notes student 100% of your donation to the Youth Foundation goes to education. The Youth Foundation is a 501c3 that operates as the education arm for the Vail Valley Foundation. Donations to most of our programs are eligible for the Colorado Childcare Contribution Tax Credit in addition to a standard charitable gift deduction. Enhance and sustain our community through your planned giving commitment to the Vail Valley Foundation Visionary Circle. 1/6/2015 D Prepare children ages birth to five and their parents to be kindergarten ready. Early Childhood Programs Through meaningful collaboration and dialogue with community stakeholders and solid relationships with parents, VVF's Youth Foundation's Early Childhood Education has been instrumental in leading the movement toward a more cohesive and supported early childhood community that will best support families with young children. Our programs include: Parent Mentor, Learn Through Play, Magic Bus, Great Start and Success at Six. Highlights • Partner with the Eagle County Schools and other early childhood agencies to ensure that all children are prepared to enter kindergarten successfully • Measure success utilizing evidence based evaluation tools in all of our Early Childhood Education programs • Utilize the Colorado Early Learning and Development Guidelines in our programs Vision • Continue to work with partners to avoid duplication of services and expand early childhood programming to include ALL children ages 0-5 not enrolled in traditional childcare and/or preschool programs • Expand support and education to families giving them the tools and resources to be more actively involved in their children's education • Ensure that early childhood programming remains current, high quality and innovative • Use data to inform individual growth and goal setting, to guide program planning and to contribute longitudinal data that will reinforce the importance of early childhood education and how it impacts long-term outcomes 1/6/2015 d 00 Improve children's achievement and engagement in school through extended learning opportunities with an emphasis on the whole child. K-12 Programs Extended learning time provides an opportunity to help students reach grade level proficiency across all socio-economic and cultural landscapes. Our K-12 programs improve children's academic results and engagement in school through individualized learning opportunities with an emphasis on achievement. We focus on the "whole child" through enrichment experiences that include STEAM (Science, Technology, Engineering, Art and Math), nutrition, character development, athletics, dance, music and arts. Highlights • Maintain strong partnerships with Eagle County Schools • Focus on families by increasing opportunities for everyone to participate and be involved in their child's education • Invest in our educators through staff training and feedback • Align goals and curriculum with Eagle County Schools to provide world class education for all students • Ensure a complete cradle to college pipeline by maintaining relationships and assessing student needs through high school and beyond Vision • Continue to work with our partners to create systems designed to help children and communities reach their full potential • Guarantee funding to provide summer programming for all elementary and middle school students in Eagle County • Provide longitudinal data for students in our programs to illustrate clear outcomes • Create a strong support program for high school 1/6/2015 Provide personal, streamlined, and connected programs, via scholarships, internships and apprenticeships, to ensure a 100% graduation rate and community connection beyond high school. Higher Education Programs The Youth Foundation's Higher Education programs create personal and streamlined avenues to manage donors and students in the scholarship process and beyond. Utilizing the Youth Foundation's Dollars for Scholars® via the web -based user friendly Scholarship America° platform, students fill out a single application to be eligible for all scholarships in Eagle County. The Youth Foundation, in partnership with donors, then manages the relationship between the students and the colleges through the duration of the process. Highlights • Provide a clear path for students to graduate from college and obtain career goals • Provide a refined and streamlined application and interview process for students and donors to access scholarships Vision • Expand the referral process exposing students to additional opportunities, especially if the student is not college bound • Work with Colorado colleges to join the Collegiate Partners Program through Scholarship America • Track career placement of scholarship recipients after college • Create a scholarship alumni group, where alumnus provide advice and insight to younger students, or provide a scholarship themselves • Provide more scholarships with recurring funds instead of small one-time payouts to increase sustainability • Partner with Eagle County Schools to create an internship and apprenticeship program to promote career and college readiness for high school and recent graduates 1/6/2015 III RON:& -11 1 V Parent Mentor Our Mission The Parent Mentor program is committed to engaging and empowering parents in their children's education through volunteerism, training and support. This program is designed to build and support deep and enduring relationships between students, teachers and parents and to grow participants into true educational partners in their schools and communities. Our Program The Youth Foundation's Parent Mentor program gives parents within our community the chance to be heard, gain education, become leaders, develop advocacy skills and build capacity to enrich the community. Parents of children enrolled in Eagle County Schools apply to become regularly scheduled volunteers in a classroom in their child's elementary school for the course of one school year. Parents are supported in this work by having babysitting provided during volunteer times. Training includes a three day intensive course on how to become a successful Parent Mentor and two hours of professional development weekly on topics of literacy and math instruction, financial literacy, English language instruction and digital literacy. Why We Need Your Help Students with involved parents are more likely to get higher grades and test scores, take more challenging classes, have good attendance, exhibit better social skills and behavior and graduate to continue on to postsecondary education. Eagle County Schools has a large gap between the level of engagement of minority and/ or immigrant families and non-minority/English-speaking families. Teachers need support. Parent mentors give much needed assistance in the classroom and help teachers connect to the culture of the community. Research / Data • Increased parent understanding of their local school and school system • Increased parent skills in literacy, math, English and digital literacy • Increased community awareness about the importance of parent involvement • Increased number of minority background volunteers Looking Forward The 2014-15 academic year will be the pilot program for the Youth Foundation's Parent Mentor Program with 20-24 participants. Training occured in December and Parent Mentors will start in elementary schools in January. The program will expand for the 2015-16 academic year with an increased number of participants in more schools with training occurring in mid-September and parent volunteers in classrooms by the end of September. 1/6/2015 Learn Through Play Our Mission Children will enter school ready to learn. Families with children ages birth to three years old will be empowered to be more actively involved and equipped to help prepare their children for success in school. Our Program The Youth Foundation's Learn Through Play program is comprised of weekly play groups for parents and children ages birth to three that teach developmental, language, academic, social and emotional skills through developmentally appropriate play. Our groups occur in easy to access sites in low-income neighborhoods in Eagle County. The groups allow families to build their community network while learning critical skills and the importance of being their child's first teacher. Why We Need Your Help Studies show that 80% of the child's intellect, personality and social skills are developed in the first five years of life. Studies also show that kids who have quality early childhood experiences, including attending effective early childhood programs, are more like to graduate from high school, own a home, have a job and earn a higher income. Research / Data • Using Teaching Strategies GOLD, children will show developmentally appropriate growth in the areas of language, social/emotional, math, literacy and cognitive skills. • Using a pre and post survey, parents/caregivers will report: • An increased understanding and application of appropriate child development activities which promote school readiness • An increase in daily book sharing • An increase in reading enjoyment Looking Forward Once established, Learn Through Play will look to expand locations of groups to accommodate families in need, having different groups led by parents and other adults in the community. Parents attending Learn Through Play groups will be supported, confident and empowered to take on leadership roles in the community. We will utilize graduates of the Parent Mentor program to become trained to facilitate the Learn Through Play groups. 1/6/2015 Magic Bus Our Mission The Magic Bus program prepares children three to five years old, who do not attend a traditional preschool, for success in kindergarten. Our Program The Magic Bus program is a mobile preschool classroom that travels to low income neighborhoods to provide a quality early childhood learning experience for children who do not have the opportunity to attend a traditional preschool. A two hour class is conducted with the children twice weekly to give them the skills and experiences they need to be ready for kindergarten. The curriculum includes language development, early literacy and math, science and social studies, music, art and social emotional development. Four home visits occur with each family annually to discuss children's progress and coach parents on how to best help their children at home with developmental goals. Why We Need Your Help In Eagle County, significant barriers to preschool and early childhood education exist. Lack of transportation, inadequate income, low education rates among parents, cultural isolation, job loss and an inadequate amount of publically funded preschool slots, all contribute to hundreds of children not being enrolled in early learning programs. Research / Data • All students are evaluated and monitored utilizing the Teaching Strategies GOLD ITS -GOLD► assessment tool. • TS -GOLD results drive curriculum and parent coaching. • Magic Bus student TS -GOLD results are collected at the end of the students' first year of kindergarten and compared to non -participant results. • Longitudinal data on high school completion rates and career and college readiness will be collected beginning with the kindergarten class of 2015-16. • Kindergarten teacher surveys indicate the level of kindergarten readiness skills for the program participants. Looking Forward We would like to be able to offer the Magic Bus to all children in the valley who are not able to attend a preschool program. The Magic Bus is currently in the process of becoming a licensed program through the State of Colorado Department of Human Services. 1/6/2015 AM =__Z Great Start Our Mission 40 The Great Start program enhances school performance by providing a summer kindergarten readiness program for children with limited preschool experience. Our Program The Great Start Program is a six-week summer kindergarten readiness program that is operated in partnership with Eagle County Schools. The program targets children that have not had a formal preschool experience or have been identified by their Headstart, Colorado Preschool Program or preschool instructors as not yet exhibiting the skills necessary to be successful in kindergarten. Children attend class four hours per day, four days per week. The program curriculum focuses on social -emotional, language, literacy and mathematics growth. All teachers are highly qualified Eagle County Schools employees with a student to teacher ratio of 8:1. The program utilizes the Creative Curriculum for lesson planning and Teaching Strategies GOLD for evaluating student growth. Great Start focuses on social -emotional, language, literacy, and mathematics growth. Transportation is provided at one site. Why We Need Your Help High-quality preschool provides the foundation for children's success in school and helps to mitigate educational gaps that exist between children from high- and low- income families before they enter kindergarten. In Eagle County, only 48.3% of three and four year olds attend preschool (source: Kidscount.org). Children with limited preschool experience and/or no preschool are in need of a high-intensity, evidence - based approach to transitioning into kindergarten. Research / Data • All of our participants show growth in kindergarten readiness and at least 92% of our participants exhibit widely held expectations for skills in the areas of social -emotional, language development, literacy and math as exhibited by the Teaching Strategies GOLD assessment tool by the end of the program • Great Start student TS -GOLD results are collected at the end of the students' first year of kindergarten and compared to non -participant results. • Kindergarten teacher surveys indicate the level of kindergarten readiness skills for the program participants. Looking Forward The Youth Foundation hopes to see Great Start expanded to include every child entering kindergarten. We also are looking forward to seeing the long term effects of the Great Start program. Longitudinal data on high school completion rates and career and college readineW401ge collected beginning with the kindergarten class of 2014-15. NA .0< Success at Six Our Mission Success at Six exists to provide financial assistance for kindergarten tuition so that all children in Eagle County are able to attend full-day public kindergarten regardless of family income level. Our Program Success at Six is a partnership with Eagle County Schools. The program provides five levels of tuition assistance for families in Eagle County to attend full-day public kindergarten programs. Scholarships are awarded based on documented financial need and extenuating circumstances. Scholarship costs are shared between the Vail Valley Foundation and Eagle County Schools. Some additional scholarships are also provided for charter school students and the cost is split with the school. Why We Need Your Help Colorado only funds half-day kindergarten. In order for children in Eagle County to attend full-day public kindergarten, their families must pay tuition to cover the 2nd half of the day. Several studies indicate that full-day kindergarten has the greatest effect on at -risk children and children from educationally disadvantaged homes. Further, students at or below the poverty level enrolled in full-day kindergarten score statistically significantly higher in math and reading than their half-day counterparts. In Eagle County Schools, 44% of kindergarten students qualify for Free/Reduced lunch. Research / Data • Level of success of cohort meeting or exceeding widely held expectations for the end of kindergarten is measured through the Teaching Strategies GOLD Assessment tool • Increased percentage of students completing kindergarten reading on grade level • Longitudinal data on high school completion rates and career and college readiness will be collected beginning with the kindergarten class of 2014-15 • Increased percentage of children attending full day kindergarten in Eagle County public schools Looking Forward Our goal is to give all students the financial resources necessary to be able to attend full-day kindergarten at a public school in Eagle County. 1/6/2015 .o- w — qas q — Warzo sePTWI c �P N ze eu iueves a® na W hl W abril ortubre viernes v® ri ioviembrc s6bpdo ca lem�rc na "° as ea ria I� PwrHrs After School Our Mission The mission of PwrHrs After School is to improve children's achievement, education and engagement in school through extended learning opportunities during the school year. Our Program Operated at individual schools, PwrHrs uses local teachers and facilities combined with a powerful 6:1 student/teacher ratio that accelerates growth for students. PwrHrs provides extended learning and enrichment opportunities such as nutrition, character building, athletics, dance, music and art for students three to four days per week. The additional time spent on academics and participating in safe after-school enrichment activities improves academic scores and promotes social, emotional and physical well-being. Why We Need Your Help Students throughout the country are fighting one of the most challenging battles in history — closing the achievement gap. Across the nation, and in Eagle County, students with difficult circumstances struggle to maintain grades and involvement in extracurricular activities. Extended learning time provides an opportunity to help students reach grade level proficiency across all socio-economic and cultural landscapes. Research / Data • 2013-2014 Academic results • PwrHrs students experienced 2'/2 times more literacy growth than non-PwrHrs students • 67% of PwrHrs students were at or above proficiency in literacy after 21 weeks • 2013-2014 Social emotional results — child trends survey • 81% Positive school engagement • 84% Positive self-concept/relationships 973% Positive self-regulation • 80% Healthy physical development • 80% Overall positive results • 2013-2014 KidSTRONG results • 63% Gained knowledge of health and nutrition • 53% Changed eating habits (up from 4% in 2012-13) Looking Forward There's a need for PwrHrs to include more students at current schools. PwrHrs would like to be in every school and to be offered to every student that would benefit from the activities. 1/6/2015 6 �r PwrHrs Summer Our Mission PwrHrs Summer programs exist to improve students' academic performance and engagement in school through extending learning opportunities with an emphasis on closing the achievement gap and reducing the effect of the "summer slide". Our Program Summer PwrHrs extended learning program serves students in Eagle County targeted by teachers and counselors who experience factors that indicate a likelihood of dropping out of school, such as low academic performance, behavioral issues and high truancy. Summer PwrHrs focuses on academic and enrichment activities for four weeks during the summer. Academic portions of the program focus heavily on literacy and math, with hands-on STEAM (Science, Technology, Engineering, Art and Math) programing. Through academic extended learning opportunities in reading, math, science and enrichment activities, Summer PwrHrs assists kids in maintaining and advancing in their academic performance in a safe, productive and motivational environment. Why We Need Your Help Low academic performance is exacerbated by the three month gap during summer months where students experience "brain drain" or the "summer slide' due to limited engagement in academic and extracurricular activities. Extended learning time provides an opportunity to help students reach grade level proficiency regardless of different socio-economic and cultural landscapes. Research / Data • Studies show the program illustrates incremental closing of the achievement gap • Elimination of the summer slide and maintained engagement in a productive and safe environment • After the four week Summer PwrHrs program: • 73% of elementary students experienced literacy growth and 88% of students experienced growth in math computation. • 97% of middle school students experienced literacy growth and 88% of students experienced growth in math computation. Looking Forward With the need for summer academic opportunities ever growing, the Youth Foundation hopes to be able to offer summer PwrHrs to any student in Eagle County that would benefit from the program. The curriculum will be developed to best meet the needs of the students with a closer alignment to Eagle County Schools and the common core standards. The Youth Foundation also understands the need to engage parents in their child's education. To meet this need, summer PwrHrstgg&ude a parent engagement piece. First Notes Our Mission The mission of First Notes is to positively impact students' lives through intensive music education. Our Program First Notes, a project of VVF's The Youth Foundation, is a music education program inspired by Venezuela's network of youth orchestras known as EI Sistema. The program utilizes orchestra instruments to teach the basics of classical music. Students and their families are exposed to music education through instruction, practice, performance and community events. Each student receives an instrument and is required to care for their instrument and practice at home. First Notes meets several days a week as part of the Youth Foundation's PwrHrs after-school programming and provides a safe and nurturing environment to build self-esteem and positive behavior by using music as a vehicle for social change. Why We Need Your Help Children with access to music education score an average of 20 percent higher on standardized tests. Many schools have cut music programs in recent years and local families often struggle to afford private music lessons for their children. This program provides an avenue for professional music instruction in the school setting. Instrumental musical study,has the power to change lives while transforming the communities around them. Results • First Notes students have the ability to read and perform music and exhibit increased school performance • First Notes students display increased discipline and focus Looking Forward First Notes has expanded its reach to middle school students, giving participants a chance to continue the musical education they received in elementary school. Also on the horizon is the possibility to expand to other elementary schools throughout Eagle County. 1/6/2015 �- 1" 11;1�3 7 -1W --Im Sowing Seeds Our Mission Sowing Seeds strives to improve the knowledge of life science and personal health through learning the origin of food in a greenhouse and outdoor gardens. Our Program Sowing Seeds provides students and their families the experience of cultivating plants and witnessing the journey from "seed to plate." Sowing Seeds maintains a greenhouse and multiple school gardens in collaboration with local schools utilizing lesson plans aligned with the school's science curriculum. While participating in Sowing Seeds, students receive a rich and easily understandable curriculum regarding topics such as healthy eating, recycling, life cycles, composting, soil and vegetative propagation. They also get to help harvest and prepare food in "Cook with a Chef" classes with renowned Chef Kelly Liken. Why We Need Your Help School gardens help children understand the importance of fresh produce in their diets and the process that food takes to reach the table. Without this program, many children in our valley would not have the experience of gardening during their childhood. Results • Increased science scores • Knowledge of "farm to table" concepts • Healthy eating and cooking skills Looking Forward Sowing Seeds would like to expand the program to offer a garden or green house at each elementary school so that each student is able to experience the wonder of hands on food science education. 1/6/2015 Celebrate the Beat Our Mission Celebrate the Beat is designed to teach inspirational music and dance classes that help children discover their potential by motivating them to believe in themselves, value artistic expression, and develop a personal standard of excellence. We endeavor to use dance as the medium to teach children valuable life lessons. Energy, discipline, hard work, commitment, and joyful concentration can lead to success. Our Program Celebrate the Beat was founded as an associate program of the National Dance Institute, created by Jacques d'Amboise in the belief that the arts have a unique power to engage children and motivate them towards excellence. By teaching high energy, joyful, physically and mentally demanding classes that instill confidence, pride, work ethic, and a mentality of never giving up. During and after school hours, teaching artists serve students by creating a music and dance extravaganza inspired by that year's educational theme. The teaching artists are professional dancers, choreographers, musicians and composers, who believe that the arts should be an integral part of every child's education. For many children Celebrate the Beat is a life -changing event; for all, it is an amazing experience they will never forget. Why We Need Your Help Many arts programs are being cut from public schools. Children discover the arts through dance and develop standards of excellence, a pride of achievement, and a curiosity about the world that supports their success in school and in life. Results • Increased confidence • Increased physical activity by 40-50 hours per year • Better classroom behavior Looking Forward Continue with the "Residency' format of programming to reach more students than ever before, while maintaining after-school "Dream Team" and "Celebration Team" to target students who are interested in a more intensive dance experience. 1/6/2015 10 Academic Soccer The mission of Academic Soccer is to increase academic performance utilizing the game of soccer and to build student engagement in school. Our Program This program is a school year academic -based middle school program that goes hand-in-hand with after school tutoring. Students are held to high eligibility standards and must successfully complete the academic tutoring in order to participate in the athletic component. The league is gender specific and non-competitive until the final week, which includes a tournament. There are three sessions: spring, fall, and winter (indoor league). This program is the only opportunity for middle school students to play soccer at the school level. Why We Need Your Help Research shows that participation in sports has a significantly positive impact on school attendance, completion of higher education, higher GPA and higher math and reading assessment scores. Most of our students would not participate in other athletic -related activities at school if this program were not available. This program removes the barriers of accessibility —there are no tryouts, no additional athletic fees and no uniform costs. A study found that 61% must pay to participate in middle school and high school sports, resulting in a significant share of lower income adolescents being shut out of team sports. • Improved academic scores • Increased physical activity Looking Forward The Youth Foundation is working to certify and support the development of all Academic Soccer coaches using the United States Soccer Federation coaching license system. This certification will lead to better quality and delivery of the existing programming. r Anti -bullying Our Mission Anti -bullying is committed to instilling confidence and increasing awareness of bullying. This program also works to provide students with tools to prevent bullying with a focus on prevention, intervention, and empowerment. Our Program The anti -bullying program utilizes jui jitsu to teach non-violent evasion of bullying. This art form teaches students self-discipline, control and confidence to avoid confrontational situations. The curriculum includes theory from the book, The Bully, the Bullied and the Bystander. Classes are available twice a week in both locations. This program is often utilized and available upon request for elementary and middle schools. Instructors in the program are both male and female, are certified and have included world champion athletes in the sport. Why We Need Your Help Only 15% of kids report bullying, but 150,000 miss school each day in the U.S. due to fear or intimidation. Programs to prevent bullying and self-defense are often unavailable or out of reach due to cost. According to studies in both the U.S. and other countries, children who are bullied by their peers are more lonely and unhappy, have greater difficulty making friends, have more health problems and show more internalizing behaviors such as anxiety and depression than their non -bullied peers. Males are 4x more likely and females are 8x more likely to become suicidal after being bullied. Results • Increased self-confidence/self-concept & self-regulation • Increased sense of family, camaraderie, community and respect for one another • Increased discipline — following rules & procedures with fewer infractions reported Looking Forward The Youth Foundation is working to expand the program, especially to females through the Girl PowHer program. We are also hoping to offer more sessions per week, add instructors, and purchase better equipment to provide a higher quality experience. We will continue to constantly update the curriculum for the advanced students, and partner with WECMRD for enrollment. 1/6/2015 12 M Girl PowHER V Our Mission The mission of Girl PowHER is to empower young women mentally, emotionally and physically in order to prevent high school drop-out and ensure each girl reaches her full potential in life. Our Program Girl PowHER is an empowerment program for young women aimed at fostering positive development & family/school engagement through sports, STEAM (Science, Technology, Engineering, Art and Math), enrichment, mentorship and self-awareness. The program can benefit any girl, but targets those with less than proficient test scores, poor grades, high absenteeism, generational drop- out experiences within the family, low levels of parent involvement, and identified social/emotional issues. At each school location, the group meets once a week to participate in an activity designed to push their personal boundaries, provide positive mentors and group support. The girls are additionally required to attend an academic tutoring session each week in middle school as a component of program participation. Community involvement activities in the form of volunteer opportunities and networking are additional required components. Why We Need Your Help According to a study done by the National Women's Law Center, one in four girls overall do not finish high school in the U.S. In Eagle County Schools in 2013, 26% of females did not graduate. National studies have shown that 98% of teens matched with mentors avoided teen pregnancy and 98% of youth paired with mentors stay in school. Results • Increased fitness & physical activity • Increased program and school attendance • Increased social -emotional results — especially self-concept • Increased overall grades • Increased community awareness, self-sufficiency, & community support Looking Forward There is a rapidly growing need for girl -specific programs in our schools. Expansion to high school is in progress in order to keep older girls engaged and provide support through the transition from middle school. The high school program will target age appropriate issues such as networking, career preparation and scholarship guidance while providing a safe environment for girls to share and receive support. 1/6/2015 13 VAPP J lam';, * � t '�r�i �r ■ �� •' Our Mission COPA Edwards inspires lives and enriches communities by harnessing the sport of soccer for youth development during the summer months. Our Program COPA Edwards is an 8 -week summer soccer tournament for more than 600 youth (50% female and 50% male) ages 3 through 18. The program consists of more than 50 teams with 50 volunteer coaches. Families and neighbors work together to positively impact youth through the game of soccer, with the intention of increasing physical activity and building community. This celebration of soccer, teamwork, and family operates places an emphasis on experiential learning, rather than winning or losing. Tournaments are weekly and follow a professional format. The program is primarily staffed by Community Coaches, who are trained young adults that work throughout Youth Foundation programs. Why We Need Your Help Many children in Eagle County experience high levels of inactivity during the summer months due to the high cost of camps and enrichment opportunities. Children who do not play sports are at a greater risk of obesity. Our community reported in our Kidstrong survey that the average child had 50 minutes per week of physical activity and the average amount of screen time per day was reported to be five hours. Nationally only 11% of girls of families that earn under $25K per year participate in team sports. Research / Data • Better social skills — especially teamwork & sportsmanship • Parent education on nutritional awareness • Increased physical activity (at least three days a week) • Increased parent support & relationships • Increased community outreach & engagement • Improved soccer skills — individualized skills Looking Forward COPA Youth Soccer aspires to increase training for the coaches, grow the number of participants, integrate new sponsors, and better educate parents on healthy youth development 1/6/2015 14 Youth Foundation Dollars for Scholars° �11rlJI�C.li The mission of Youth Foundation Dollars for Scholars is to create a personal, streamlined and connected program to manage donors and students in the scholarship process and to provide support with the goal of 100% college graduation rate. Our Program We have a single scholarship application that matches students to various local and national scholarships. Seventeen community organizations are currently selecting their scholarship recipients through our program with more to come. The Youth Foundation partners with Scholarship America® to create a comprehensive, community-based online scholarship application process. This process not only provides financial assistance through the awarding of scholarships, but also builds a community of engaged donors, supports students during their college experience, while also helping students transition into the workforce following graduation. The system allows the Youth Foundation to track student progress throughout their college careers. The Youth Foundation is the first Dollars for Scholars affiliate in Colorado. Why We Need Your Help Of the 150 students that applied for scholarships, only 45% of the applicants were able to receive scholarships due to limited funds. 13% of our applicants did not end up attending college, in part due to financial hardship. Research / Data • Sixty-seven scholarships, totaling $252,000, were awarded in May 2014 through 16 scholarship funds, each with different selection criteria. • Increased applications and interviews from 90 to 150 students that represented every high school in Eagle County. • Following the interviews, staff made 14 referrals to internships, apprenticeships, or other career related opportunities. Looking Forward To provide more multi-year scholarships that will support students through graduation. We aspire to be able to provide scholarships for all deserving applicants. We will continue to strengthen the relationships between the community, the donors and the recipients through increased support and communication. 1/6/2015 15 Colorado Childcare Contribution Tax Credit Fast Facts The Colorado Child Care Contribution Tax Credit Program (CCTC) provides a state tax credit and a state and federal tax deduction for any contribution made to a qualifying child care organization or fund. Through CCTC, you may be able to decrease the after-tax cost of your gifts by more than 70 percent. In 2014, you may claim up to 75% of the total of the tax credits earned through contributions made in 2014 plus any accrued carry forward credits. In 2015, you may claim 100% of the total of the tax credits earned through contributions made in 2015 plus all remaining accrued carry forward credits. Standard Limitations: The tax credit is always limited to 50% of donation amount. The credit allowed shall not exceed $100,000 per year. The credit allowed shall not exceed the tax liability for the year. Credits may be carried forward for up to 5 years. Further information can be found at www.colorado.gov. Search "FYI Income 35". As with all charitable donations, please consult your tax specialist or accountant for more information. An Example of the Impact of the Colorado Childcare Tax Credit on Your Contribution * Assumes credit is less than Colorado tax liability. 1/6/2015 uaxv u.YFa dns;n Ed...ticn Arm 2014 2015 Contribution Amount $ 10,000.00 $ 10,000.00 Colorado Childcare Tax Credit (3,750.00) (5,000.00) Prior Year Carry Forward 1,250.00 Colorado Income Tax Savings 333.00 333.00 Federal Income Tax Savings 3,300.00 3,300.00 Income Tax Savings Total $ 7,383.00 $ 9,883.00 The After-tax Cost of Your Gift $ 2,617.00 $ 117.00 * Assumes credit is less than Colorado tax liability. 1/6/2015 uaxv u.YFa dns;n Ed...ticn Arm TOWN OF VAIN VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: January 6, 2015 ITEM/TOPIC: Update on Colorado Ski Museum Plans for Capital Improvements PRESENTER(S): Susie Tjossem, Executive Director, Colorado Ski Museum ACTION REQUESTED OF COUNCIL: There is no action on this item at this time. BACKGROUND: Review capital improvements plan for Colorado Ski Museum ATTACHMENTS: Ski Museum Presentation 1/6/2015 (0-UCOLORADO SKf & SNOWBOARD MUSEUM UIV'HALLOFFAME Vail Town Council Work Session January 6, 2014 Discussion Topics Case Study The Colorado Ski Museum Inc. Board of Directors would like to test the feasibility of building the larger two story, internally connected, combined welcome center and museum that was first proposed during the Conference Center fund discussion. Concept drawings of a 2 story building were produced for the Town of Vail by Stantec; Henry Beer and Janet Martin. Town of Vail 5 Year Capital Plan Town Council previously stated they were not interested in providing higher levels of operating support for the Colorado Ski Museum Inc., which was co- founded by the Town of Vail in 1976, but would be willing to fund a portion of the capital improvement expense. Is there a willingness to participate? Is there a range of support that could be anticipated? And, if so, could a placeholder for the project be put into the 5 year capital in 2016 so that potential donors could be assured of Town of Vail participation in the improvement of its property. 1/6/2015 A Transformational Moment: The Case for Colorado Ski and Snowboard Museum's Expansion and Renovation Project The growth and development of Colorado over the past century is inextricably tied to the ski and snowboard industry. As the world's leading ski destination, our state has set the gold standard and inspires countless athletes of all levels to fall in love with our mountains and the unparalleled recreational opportunities they provide. The Colorado Ski and Snowboard Museum (CSSM) was founded in 1975 to honor and preserve Colorado skiing history. Located in the heart of Vail, one of Colorado's many legendary ski resorts, CSSM is home to an extraordinary collection of historical artifacts tracing all aspects of Colorado's ski and snowboard industry over the past 100 years. The Museum also houses the Colorado Ski and Snowboard Hall of Fame, honoring individuals who have made extraordinary contributions to snow sports throughout Colorado, and provides a focal point for the amazing history of Colorado skiing. CSSM welcomes more than 75,000 guests annually, ranging from Eagle County elementary school students to visitors from across the globe. CSSM has also welcomed the world's leading snow sports athletes and ski industry leaders thanks to our shared location with multiple major international competitions and ski industry events. 2015 is a watershed year for the Colorado Ski and Snowboard Museum, as we seek to transform our facility into a world-class museum equal to both our exemplary collection of historical artifacts and Colorado's unparalleled ski and snowboard tradition. Currently, limited space and dated displays hamper the museum's ability to offer visitors the best possible educational experience about the importance of Colorado's many significant contributions to developing modern skiing. By adding significant new space to the existing 3,600 sq. foot facility and installing cutting edge technology to display our outstanding collection, CSSM will provide a vastly improved visitor experience that will transform the appreciation of Colorado's skiing history. Highlights of the expansion and renovation project include: - Creating a more spacious and inspiring exhibit space that matches the grandeur of Colorado's mountains and enhances the presentation of our state's skiing history; - Installing cutting-edge museum technology and displays for the interpretation and presentation of our extensive collection of artifacts; - Establishing a more robust and interactive Hall of Fame exhibit to showcase contributions made by the visionary leaders and extraordinary athletes who 1/6/2015 have made indelible marks on both Colorado's and the world's ski and snowboard community; Providing a "theater -style" viewing area to allow visitors to better enjoy historical documentaries and films, including the recently released Climb to Glory, and to provide space for present special events throughout the year. Increasing the visual impact of the museum to provide both a stronger presence and a more expansive feeling when viewing displays. Completion of this transformational expansion and renovation project will require a substantial budget for construction, exhibits, facilities equipment, and related expenses. CSSM is currently evaluating the feasibility of raising these funds through a capital campaign, with goal of breaking ground in early 2016 on one or both phases of the expansion project. PHASE 1 - $2 million to expand and transform the museum's current lower level space. Includes construction and exhibit upgrades. PHASE 2 - $TBD million for second floor expansion. Includes significant new exhibit space, upper floor entry, and tie-in with Town of Vail Welcome Center. This ambitious project will transform the Colorado Ski and Snowboard Museum, showcasing this crucial part of Colorado's history for generations to come and enhancing the image of Colorado and all its ski resort locations as prominent destinations for those interested in the world of skiing. 1/6/2015 Towx of vn' 1[1 VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: January 6, 2015 ITEM/TOPIC: Town staff will ask the Council: 1) to consider an update to the 1994 Comprehensive Open Lands Plan based on current issues and needs 2) to provide direction on a proposed trail project PRESENTER(S): Gregg Barrie, Landscape Architect ACTION REQUESTED OF COUNCIL: Staff is requesting direction from the Council on whether to initiate a process to update the 1994 Comprehensive Open Lands Plan based on current needs and trends such as water quality improvements, trails improvements, parcel acquisitions, Gore Creek access and other concepts. In addition, staff is requesting direction from Council on whether to begin the approval process with the US Forest Service and the town's PEC to construct a new beginner level hiking and mountain biking trail in the Katsos Open Space per the 1994 Comprehensive Open Lands Plan. BACKGROUND: Please see attached Memorandum STAFF RECOMMENDATION: Staff recommends the Council provide direction regarding the Comprehensive Open Lands Plan update and the Vail Trail Extension process. ATTACHMENTS: Memorandum PowerPoint 1/6/2015 0 rowN OF vain Memorandum To: Vail Town Council From: Department of Public Works Date: January 6, 2015 Subject: Comprehensive Open Lands Plan and Trails Plan Update I. INTRODUCTION In August of 2014, staff presented a concept for new and improved hiking and mountain biking trails in Vail. Council directed staff to continue the planning process. The purpose of this memorandum is to update the Council on those efforts. This memo is presented in two parts. The first part is a discussion of the 1994 Vail Comprehensive Open Lands Plan and how it relates to trail improvements. The second part is a discussion on a specific section of trail located in the Katsos Ranch Open Space area that, for planning purposes, is being called the Vail Trail Extension. II. BACKGROUND Vail offers many soft surface trail opportunities for hiking and mountain biking. These well - used trails are mostly located on U.S. Forest Service or Eagles Nest Wilderness Area lands and they provide access into the natural environment surrounding Vail. They are generally intermediate or advanced -level hiking/mountain biking trails or, in the case of the Wilderness Area trails, "strenuous" level hiking and backpacking trails. Improving Vail's trail network provides numerous benefits including: A. Provides a long-lasting amenity that connects neighborhoods, existing trails and Vail Mountain trails by creating a valley -floor and neighborhood level trail system. In the future, there is the potential for a full Vail "loop" or "rim" trail at higher elevations. B. Creates trails tailored to beginner, first-time and youth mountain bikers as well as hikers and walkers seeking less strenuous soft -surface trails C. Alleviates congestion on the paved recreation path system by providing parallel trails and alternate soft -surface routes D. Provides intermediate/advanced trails that ease congestion on Wilderness Area trails. E. Improves winter access and potential for new snowshoe trails at the Nordic Center F. Supports wildland fire mitigation efforts by improving access to the town's boundary, creating a ground -level fire break and even providing alternative evacuation routes for "single access" neighborhoods such as Buffehr Creek and Potato Patch. 1/6/2015 III. COMPREHENSIVE OPEN LANDS PLAN A. Summary of the Oben Lands Plan The 1994 Comprehensive Open Lands Plan is an integral part of the trails discussion. The Plan's Executive Summary is attached however, staff encourages Council to review the full document, which can be accessed on the Town's website... httD://www.vailaov.com/docs/dl forms/comprehensive oxen lands plan-1994.Ddf. Throughout the Plan, there are numerous references to parcel acquisition for trails as well as protection of environmentally sensitive areas and providing access to Gore Creek. The Plan goes on to provide a Trails Plan (attached) and recommends specific actions for implementing those trails. Important components include: Purpose of the Comprehensive Open Lands Plan... ...to identify and develop strategies for acquiring or protecting key remaining open lands in Vail that would be valuable for recreation, protecting sensitive environmental resources, extending or connecting trails, providing adequate neighborhood open space and creating a small amount of contingency land for unforeseen needs. Priorities for open space and recreation needs as identified by Vail citizens... 1) Acquisition, preservation and protection of natural open space; 2) Improvement of the trail and bike path systems in and around the Town; and 3) Creation of additional recreation opportunities in a regional context including a swimming pool, athletic fields and a recreation center. Parcels identified for acquisition were selected and prioritized per the following criteria... 1) Protect sensitive natural habitat areas, riparian areas and hazard areas; (ongoing) 2) Extend the Vail Trail to East Vail and add several trailheads to access the trail; 3) Add a new trail on the north side and western half of Town to connect existing trailheads and neighborhoods; (completed) 4) Add three "trailheads" in the core areas to access Vail Mountain trails and inform visitors of trail opportunities and provide better access to Gore Creek 5) Add bike lanes to the north and south Frontage Roads (completed) and add paved shoulders to Vail Valley Drive. B. Current Status of the Plan Over the past two decades, many of the recommendations of the Plan have been completed or have received Council direction to not move forward. Samples of completed projects include: • Construction of the North Trail • Shoulder -widening on the Frontage Roads • Public Works snow dump parcel • Hud Wirth parcel • Middle Creek employee housing • Trailhead improvements • Separated bike path between West Vail Interchange and Safeway/City Market Town of Vail 1/6/2015 Page 2 As for recommended parcel acquisition, a recent review by the Department of Community Development has shown that of 52 parcels identified for action/acquisition: • 20 have been completed (39%) • 9 are nearly competed (17%) • 3 are not completed but the objective has been accomplished (6%) • 15 are incomplete, with some potential for future acquisition (29%) • 5 are incomplete with little or no potential for future acquisition (10%) C. Future of the Open Lands Plan While much has been accomplished through the Open Lands Plan, there are items still to be completed. And, as a twenty year-old document, it is likely that there are new projects and parcels to be considered. Items that could be a part of a Plan Update include: • Parcels important to Gore Creek water quality improvements • A Gore Creek Access Plan aimed at protecting sensitive habitat while still providing access to Gore Creek for residents and guests for passive recreation as well as for kayaking, rafting and inner tube launch/take-out points • Assessment of parcels identified but not yet acquired from the current Plan • Additional trails and connections to neighborhoods as well as trails constructed "in a regional context" per Priority 3 of the existing Plan • Improve wayfinding through trail signage, maps and digital means • Update of current Action Plan At the Council's direction, staff can explore options for updating the existing Plan. If directed to do so, staff will assess whether to perform work in-house or to hire a planning consultant to assist with the project depending on the scope and desired outcome. Options can be presented at a future Council meeting. IV. VAIL TRAIL PROJECTS An updated Comprehensive Open Lands Plan can provide detail to the numerous trail options and concepts that were presented in August. However, the currently adopted Plan already recommends some important connections. Staff believes that, at Council discretion and pending approvals, at least one section could be shovel -ready by the spring of 2015. A. Vail Trail Concept The existing Vail Trail connects Golden Peak to the Vail Golf Course Clubhouse. Constructed in the mid -1980's the 1 '/2 -mile trail is narrow and moderately strenuous with switchbacks and some steep grades. The existing Open Lands Plan recommends extending that trail to East Vail. (a.k.a. "the South Trail" in the Open Lands Plan) Staff has reviewed options for extending the trail with several local trail users as well as with a professional trail design/build company and has determined that this trail has the potential to provide approximately nine to ten miles of beginner -level hiking and mountain biking trail between Vail Village and the east end of East Vail. The trail would traverse through lodgepole pine forest, aspen groves and open meadow with easy access to the paved Gore Valley Trail as well as providing connections to adjacent neighborhoods in multiple locations. Town of Vail 1/6/2015 Page 3 The concept for this trail is divided into three sections listed by ease of completion: 1) Vail Trail Extension (3'/2 miles) Construct a new trail in the town -owned Katsos Open Space from the east end of Sunburst Drive to Vail Memorial Park and incorporate new and existing social trails near the beaver pond to create a loop at the east end. • Requires USFS approval for a 500' crossing through federal land • The remainder of the trail would be on town -owned property and subject to the town's approval process It is possible that the Vail Trail Extension can be completed by late summer 2015, although it is not currently budgeted. With Council support, staff will begin the process of gaining US Forest Service approval for the 500' crossing immediately. Based on preliminary "linear foot" pricing, staff anticipates the cost of this section of trail to be in the $100-125,000 range. If Council would like to proceed with the planning process, design/build proposals will be requested from several trail building consultants. Pending approvals, staff would request formal project approval and a project budget at an upcoming meeting. 2) Vail Trail Renovation (2'/2 miles) Rebuild sections of the existing Vail Trail to a beginner level and add sections of new trail to connect to Vail Village and the Vail Trail Extension. Requires Vail Resorts cooperation Requires USFS approval Some town -owned and some private land 3) East Vail (3 miles) Extend the trail from the Memorial Park to East Vail water tank. • Significant work required to acquire property rights/easements with both private owners and the USFS • Included in the current Open Lands Plan B. Additional Trails The Comprehensive Open Lands Plan recommends numerous trails and trail connections throughout Vail. An expanded system will benefit both residents and guests, providing alternative transportation routes, access to natural areas and distinctive experiences for those who use it. Most of these trails require coordination and approval from the US Forest Service. At this time, the Forest Service recommends that Vail submit a detailed trails plan in conjunction with other local governments, who are also proposing new trails. Because of limited resources, the Ranger feels this is the best way for these new trails to be considered. The timing of this recommendation is important. Minturn, Eagle Vail, Eagle, Gypsum and Eagle County are all considering trails improvements. Concurrently, the Eagle Valley Town of Vail 1/6/2015 Page 4 Mountain Bike Association is coordinating with local government entities to assemble an application to list Eagle County as an IMBA Gold Level Ride Center (GLRC). This would be a significant marketing opportunity for Vail and Eagle County. As part of the GLRC application, they would submit a trails plan listing proposed trails throughout the county. Therefore, work is ongoing by each agency to compile this trails plan and with a coordinated effort, a comprehensive, county -wide trails plan could be ready to submit to the US Forest Service in the next year. V. ACTION REQUESTED BY COUNCIL Staff is requesting direction from the Council on the following items: 1. Does the Town Council support updating the 1994 Comprehensive Open Lands Plan? Pending feedback from the Council, staff will prepare for a future Council presentation to provide additional information and options for completing the project. 2. Does Town Council support starting the approval process for the Vail Trail Extension with the U.S. Forest Service and the town's Planning and Environmental Commission with a goal of constructing the Vail Trail Extension during the summer of 2015? Pending approvals, staff will return to Council with a specific budget request and final approval to move forward with the project. VI. STAFF RECOMMENDATION The 1994 Comprehensive Open Lands Plan has provided guidance for many successful projects and open space acquisitions. Now more than twenty years -old, the document continues to show foresight for trail connections and open space acquisitions. Staff recommends updating the Plan to add detail to trails plans as well to evaluate open space needs relevant to current topics such as water quality in Gore Creek. The Open Lands Plan emphasizes the importance of trails and trail connections throughout Vail. The opportunity to provide 3'/2 miles of beginner -level hiking and mountain bike trail almost entirely on town -owned open space provides an important amenity for Vail's residents and guests. Staff recommends starting the approval process with the U.S. Forest Service and the town's Planning and Environmental Commission for the Vail Trail Extension project. Pending those approvals, staff will return with design/build proposals and a budget request at an upcoming meeting. Attachments: 1. Executive Summary - 1994 Comprehensive Open Lands Plan 2. Trails Plan Map - 1994 Comprehensive Open Lands Plan 3. Proposed Trail Alignment — Vail Trail Town of Vail 1/6/2015 Page 5 Town of Vail ® EXECUTIVE SUMMARY The objectives of the Comprehensive Open Lands Plan plan are: • To identify citizen and visitor needs and preferences for a comprehensive SYSTEM of open space uses such as parks, recreation, protection of environmental resources, trails, and reserve lands for public uses; • To prioritize available open lands for acquisi- tion or protection; • To identify creative strategies to implement the acquisition and protection program; and • To define a management system to appropri- ately manage Town -owned open space lands. • To buffer neighborhoods with open space An Open Lands Committee provided direction for the project and consisted of representatives from the Vail Town Council, Planning and Environmental Commission, U.S. Forest Service, Vail Associates, Vail Recreation District, Board of Realtors, and Town Staff. The public involvement process consisted of four well -attended public meetings between August of 1993 and January of 1994. These meetings, along with a thorough review of all relevant planning and survey documents for the Town, resulted in a priority ranking of needs and uses for open space lands and recreational opportunities. This input led directly to the Comprehensive Open Lands Plan which identi- fies specific parcels and activities that should be pur- sued by the Town in order to realize the goals stated in both the public forum and previous community input on related plans. The priorities for open space and recreation needs communicated by the citizens of Vail are, in order of priority: 1. Acquisition, preservation and protection of natural open space; 2. Improvement of the trail and bike path sys- tems in and around the Town; and 3. Creation of additional recreation opportuni- ties in a regional context including a swim- ming pool, athletic fields and a recreation center. The concepts presented in this plan, developed as a result of this public input, describe connecting exist- ing trail systems that are either incomplete or not interconnected, adding an extensive new trail system that essentially surrounds the Town and better inter- faces with the National Forest System Lands and Vail Mountain, and protecting sensitive lands that are either along Gore Creek or part of the forest that extends into the Town. Extension of the streamwalk from the Village Core into Lionshead is desired by the community but objectionable to the adjacent property owners who fear loss of privacy and degraded views. The Comprehensive Open Lands Plan is an action - oriented plan that identifies specific parcels of land that require some kind of action for either protection of sensitive lands, for trail easements and critical trail connections or for future public use, such as a West Vail fire station. Over 350 parcels were evaluated with fifty-one parcels of land on which actions are recommended. Recommended actions range from acquisition by the Town, trade with the U.S. Forest Service, acquiring trail easements, or purchasing development rights. In many cases, several options are available on a specific parcel, allowing flexibility in negotiations for both the landowner and the Town. The objective has been to provide the Town with a menu of potential open space protection techniques at the least cost and management burden to the Town. For example, if an easement can be obtained from the landowner for a trail or to protect a site from development, generally this has been proposed as an alternative to outright acquisition. As a result, the land stays on the tax rolls and the Town is not responsible for general property management and maintenance. These "reduced rate" transactions can be beneficial for landowners since they can provide certain tax and estate planning benefits which meet a landowners financial objectives. A careful tailoring of transactions between landowners and the Town can produce mutually beneficial results. Specific criteria were developed to evaluate these rec- ommended actions in order to determine the areas of highest priority. Generally, actions received a high priority if they met the stated objectives of the Town and its' citizens and were an integral part of the open lands system. Within these fifty one parcels, there Comprehensive Open Lands Plan are five priority areas made up of a number of recom- mended actions. These priority areas, shown on the Priority Plan in Exhibit 4 are (in order of priority): 1. Protect sensitive natural habitat areas, ripari- an areas, and hazard areas; 2. Extend the Vail Trail to East Vail and add several trailheads to access the trail; 3. Add a new trail on the north side and west- ern half of Town to connect existing trail - heads and neighborhoods; 4. Add three "trailheads" in the core areas to access Vail Mountain trails and inform visi- tors of trail opportunities and provide better access to Gore Creek; 5. Add bike lanes to the north and south frontage roads (the entire length of Town) and add paved shoulders to Vail Valley Drive. For the past 13 years, the Town has had the use of tax funds generated from a Real Estate Transfer Tax (RETT) for the purchase of open lands and develop- ment and maintenance of parks and trails. This fund can and should now be better leveraged to take advantage of the opportunities of both GOCO ("Great Outdoors Colorado") and other State funding and mutually beneficial negotiations with property own- ers. The Town should now enter into a new cooperative management system with the U.S. Forest Service and Vail Associates Inc. to provide outdoor recreation and open space preservation. With adoption of this plan, there will be added management and mainte- nance requirements for the Town. The maintenance fund from the RETT Tax will need to grow in response to these new management requirements. Additionally, open space protection must go beyond zoning to ensure long-term protection. Options for this longer term protection may include requiring a public vote to change uses on open space lands or the use of a land trust to hold conservation easements on lands. 1/6/2015 0 Town of Vail 1 yr r � �� � � ��•• � �� - VAL Vl1ADf UCNS� MUM Y� .... a :` �4. RR2:. WY., CORE AREA ENLARGEMENT Draft Comprehensive Open Lands Plan 9WS PLAN Comprehensive Oi)en Lands Plan 7OV`:'N OFF VAIL VAIL,WLORAOO 51Rdiii� :p! � n ��.Mcr eDO POTATO PATCH DE i--_-._. BOOTH FALLS LIONS RIDGE— // y vm.- - I _ 7.., 't \� .t ` was aaa ..aa SPPRRACOU DIRK dop _ J r TRALHM •� " ... =Qf�a- UORSIEAUTRRAIIEM �,� •.:, �� '- � •./ �,�\i.� ,>, -4, .. wEs-TRAtHEno I a.wxatSE \ '�\C.. ' ,AY'+�u VA VnLGE, TMUEAO •j VAIL HEIGHTS - �; TRAK� � PEAK JAIL VILLAGE VAtI DAS - - SCHON£ _ r 22F r< =: PAIL R!DGE lop )v. 1lA'Riia. r t ♦.� NA„EAIDM r"' LEGEND t � MW E EAST VAlL Rlfl1om+/DDRE aaa � TMtNEwD �A acnoRwvAPx- t> ;' r —.–.–_ SAATTERHORN ;x EXISTING SYSTEM PROPOSED TRAILS TRAurAD! J tv PROPOSED PAVED OFF- + ^ EXISTING PAVED OFF- ROAD TRAIL E�iROAD TRAIL EXISTING BIKE ROUTE OR LANE � PROPOSED BIKE PATH OR LANE ` '- 'K"` . loe \ +�+ EXISTING PEDESTRIAN TRAIL PROPOSED PEDESTRIAN TRAIL —TER TARK "AHEAD IMPROVE EXISTING TRAILHEAD PROPOSED TRAILHEAD INTERMOUNTAIN Exhibit 6 Trails Plan GDREfAKE O 2E 1/6/2015 W Comprehensive Open Lands Plan and Trails Update P'JEEI)-11(' �V JJ Gregg Barrie Landscape Architect Office: 1.9 70.4 79.233 7 Mobile: 1.9 70.390.3286 .qbarrieC@-vai/qov.com 1/6/2015 Town of Vail I Public Works l 8/5/14 2 Comprehensive Open Lands Plan and Trails Update LIll\] LI E), IP11\1 -I i� 4 Katsos Open Space Eagles Nest Wilderness Trails 1 /6/2015 r fit. Vail Mountain Town of Vail I Public Works l 1/6/15 3 Comprehensive Open Lands Plan and Trails Update D Pjj P 1 E- r] E i — P! A1 �a Town of Vail 1/6/2015 Town of Vail I Public Works l 1/6/15 4 Comprehensive Open Lands Plan and Trails Update D Pjj P 1 E- r] E i — P! A1 �a Town of Vail 1/6/2015 Town of Vail I Public Works l 1/6/15 Comprehensive Open Lands Plan and Trails Update D Pjj P 1 E- r] E i — P! A1 �a 1/6/2015 Town of Vail I Public Works l 1/6/15 6 Comprehensive Open Lands Plan and Trails Update I�PEJ J DJ JEE �)_PF-d 11J A) L) P /'-�J J Comprehensive ©pen Lands Plan - Status of Action Plan Parcels Town of Vail, Colorado Booth Creek Sandstone Porafo . P Parchi S raddle Creek Lionsrfdge!' , ffiehr Creek --Das Sehonel 3 r Vail Heights. Y U/ 6 lntermoun[ain ++ r"Irtshead 7 — Golf Course l..�.d. / V. _ - „�, { 0 Lyon Viliage h � Ma[ferhorn Action Plan: Suggested Action Status ` - Complete Partially Complete Incomplete - Objective Accomplished Incomplete Incomplete - Limped Opportunity Town of Vail I Public Worksj 1/6/15 7 Comprehensive Open Lands Plan and Trails Update North Trail Town of Vail I Public Works l 1/6/15 Frontage Road Widened Shoulders 1/6/2015 Comprehensive Open Lands Plan and Trails Update r r r r r✓ I r r r r r LAJj ���FO 4F0 AP CX_ n of 717 YNL XExXtt9 'v[ I. .� I/ fl _ � .' .•� I �_. /�' ,uu u : �o Y.IL SIGGE 4o vr,� j �.. ,,,,ov,��• &e + > LEGEND ++ surrEXxolw ? i t EXff M eSYSrEicnaYao orF xoao rnuL �rae��n�� /�, � ,� s.�...sarsc � slvapvE EL STwn rnarwun IXTEiBN]IHYT.IM 1/6/2015 7MLS PLAN Comprehensive Open Lands Plan TOWN OF PAIL YAILOOLO.'I DO EWTM FALLS E"T YAIL r L Town of Vail I Public Works l 1/6/15 g nt ws, Iljj vv � PROPOSED MAILS T mPPosE¢eecE Farx ax uxe `;..1 �� movaxaPeaesTxua TxuL ,�wtl +—/ Town of Vail I Public Works l 1/6/15 g nt ws, Comprehensive Open Lands Plan and Trails Update POTENTIAL UPDATES: •'• Parcels important to Gore Creek water quality improvements ❖ A Gore Creek Access Plan aimed at protecting sensitive habitat while still providing access to Gore Creek for residents and guests for passive recreation as well as for kayaking, rafting and inner tube launch/take-out points ❖ Assessment of parcels identified but not yet acquired from the current Plan 1/6/2015 0 Town d Vail I Public Works j 1/6/15 10 Comprehensive Open Lands Plan and Trails Update POTENTIAL UPDATES: ❖ Explore additional trail connections to neighborhoods as well as trails constructed "in a regional context" per Priority 3 of the existing Plan ❖ Improve wayfinding through signage, maps and digital means + Updated Action Plan 1/6/2015 Town d Vail I Public Works j 1/6/15 11 Comprehensive Open Lands Plan and Trails Update Does the Town Council support updating the 1994 Comprehensive Open Lands Plan? If yes, staff will return to recommend a process to update the Plan. 1/6/2015 Town d Vail I Public Works l 1/6/15 12 Comprehensive Open Lands Plan and Trails Update Vll�j -i T F��j -I F wew OX J FORDPAW SPRADW com COW, "-H1 HEATF, 91 PIL� F —uAF OEN r-�p .0p R -CM. op w S11EAr1% GW CLL11HOM --orx + Proposed VAIL VILLAGE Vail Tra -1/6/2015 BOOTH FALLS PROPOSED TRAI" &MLLOFEEK, PROPOSED PAVEMtVail TED wthDc"t PROPOSED BIKE PATH OR LANE -7� x isting Existing PROPOSED TRAILHEAD LVa'l •Vil " .. T6L4ND Vail I a g Olm EXISMIG SYSTEM => % EXISTING PAVED OFF-ROAD TRAIL WTB TAM "ft EXISTING BIKE ROUTE OR LANE EXISTING PEDESTRIAN TRAIL IMPROVE EXISTING TRAILHEAD -1/6/2015 BOOTH FALLS PROPOSED TRAI" PROPOSED PAVEMtVail ROAD TROUL PROPOSED BIKE PATH OR LANE -7� PROPOSED PEDESTRIAN TRAIL PROPOSED TRAILHEAD EAST VAIL Town ofVail I Public Worksl 1/6/15 13 A -7� Sy 7- TRAIDIM Olm => % WTB TAM "ft Town ofVail I Public Worksl 1/6/15 13 Comprehensive Open Lands Plan and Trails Update rr1 rr Vll»] IAj Existing Vail Trail 1/6/2015 Katsos Open Space Town of Vail I Public Works l 1/6/15 14 -rel -- ! T � _� I VAIL TRAIL RENOVATION VAIL TRAIL EXTENSION VAIL TRAIL RENOVATION (ABOVE) EXISTING 4,165 NEW 7,540 ACCESS SPURS 2,165 TOTAL 13,870 = 2.6 MILES VAIL TRAIL RENOVATION (LEFT) EXISTING 2,840 NEW 12,375 ACCESSSPURS 3,290 TOTAL 18,505 = 3.5 MILES Town of Vail I Public Works l 1/6/15 15 Comprehensive Open Lands Plan and Trails Update f �11E' WN -I I F�"\A, 1;1 Estimated Cost: $100-125,000 Potential Completion: Summer 2015 1/6/2015 Existing Trails New Trails mile 3 miles Town of Vail I Public Works l 1/6/15 16 Comprehensive Open Lands Plan and Trails Update ❖ Beginner -level mountain bike trails •'• New hiking/trail running routes ❖ Additional routes for the Nordic Center •'• Alleviate congestion on the paved recreation path •'• Mostly on town -owned land 1/6/2015 y!',I a �3 pi y� iCX,�'�'�p Town d Vail I Public Works j 1/6/15 17 Comprehensive Open Lands Plan and Trails Update Dr Ajj] 1j1j1PT�DV_r J Tr- �� rr��ai ❖ Provides a long-lasting amenity that connects neighborhoods, existing trails and Vail Mountain trails by creating a valley -floor and neighborhood -level trail system ❖ Provides beginner -level mountain bike trails tailored towards beginner, first-time and youth mountain bikers as well as hikers and walkers seeking less strenuous soft -surface trails ❖ Provides intermediate/advanced trails that ease congestion on Wilderness Area trails ❖ Improves fire services access to the town's boundary and provides alternative evacuation routes for neighborhoods ❖ Aligns with other Eagle County communities to provide a high level of county -wide soft surface trail options 1/6/2015 Town d Vail I Public Works j 1/6/15 18 Comprehensive Open Lands Plan and Trails Update Comprehensive ©pen Lands Plan - Status of Action Plan Parcels Town of Vail, Colorado tato, . `r Pa -i� dla S ILI Buflehr Creek � mnshead ++ Cascade/ Uai! Glen Lyon 11 Vikage r. 9 • 8 O ---17as Schone/ Vail Heights ` Matterhorn x U/ `i _ _ Wermountain Booth Creek 0 Golf Course Action Plan: Suggested Action Status -Complete Partially Complete Incomplete - Objective Accomplished Incomplete Incomplete - Limited Opportunity TOWN"VA December 15, 2014 Pitkin Creek x Bighorn Creek East Veil I Town of Vail I Public Worksl 1/6/15 19 Comprehensive Open Lands Plan and Trails Update Does Town Council support starting the approval process for the Vail Trail Extension with the U.S. Forest Service and the town's PEC with a goal of constructing the Vail Trail Extension during the summer of 2015? If yes, staff will return with design/build cost proposals and a budget request at a future meeting, pending approvals. 1/6/2015 Town d Vail I Public Works l 1/6/15 20 .� Z"tli� �� T ' 'J lir •' —. ' n � ��� ^`� � 7� �- d `� R'�� � z � � �a-,,tr' .L' Yn � ��I ";, !� i' � � r _ ,y ,� �; k ,. �, A^, fd � •y�..r �7r .� t c Al AA y Of 1A 1+'t�r TOWN OF VAIN VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: January 6, 2015 ITEM/TOPIC: Household Size Requirement For Price Appreciation Capped EHUs PRESENTER(S): Nina Timm, Senior Housing Planner ACTION REQUESTED OF COUNCIL: Staff requests the Town Council listen to the presentation, ask questions and provide staff direction on the household size requirement for price appreciation capped EHUs. BACKGROUND: In the Town of Vail's Employee Housing Guidelines there is a minimum family size requirement for all Town of Vail deed restricted three bedroom units. Town Council has asked questions about the existing minimum household size requirement. Information regarding the Town's minimum household size requirement as well as other communities' requirements have been provided for reference. STAFF RECOMMENDATION: None at this time. ATTACHMENTS: Town Council Memorandum 1/6/2015 0 rowN of vain Memorandum To: Vail Town Council From: Community Development Department Date: January 6, 2015 Subject: Household Size Requirement for Price Appreciation Capped EHUs I. HOUSEHOLD SIZE REQUIREMENTS From the Town of Vail's Employee Housing Guidelines (1996) For all Town of Vail deed restricted three bedroom units, the applicant must have a household size of 3 or more persons. For the purposes of determining household size, applicants may include all persons related to the applicant by blood, marriage, or adoption. If the applicant plans to include dependents, they must be continuously listed on federal income tax forms and reside in the household at least six months and one day out of every 12 month period of time. Added in 2003 A pregnancy may be counted toward the family size requirement as long as a note from an Eagle County doctor is provided. The requirement is based on the Town's desire to have places for families to live in Vail and a family's need for additional bedrooms, based on family size; therefore the Town has an adopted requirement for family size in three-bedroom units. II. 3 -BEDROOM PRICE CAPPED UNITS The Town of Vail has facilitated the creation of 83 price appreciation capped employee housing units in Vail. Of the 83 units, 22 (26.5%) of them are three-bedroom units. No. of Percent Total No. of 3 -Bed 3- Square Units in Units Bedroom Feet Garage Location Development 6 11.32% 2,050 1 car Vail Commons 53 10 18.87% 1,884 2 car Vail Commons 53 4 22.22% 1,421 1 car Red Sandstone 18 2 33.33% 1,251 1 car North Trail 6 2 100% 1,600 2 car Arosa Duplex 2 1/6/2015 III. OTHER COMMUNITIES' PRIORITIZATION FOR THREE-BEDROOM UNITS A. Aspen / Pitkin County 1. A household of at least two qualified employees and one dependent, or one qualified employee with two dependents which said employee(s) has four or more consecutive years of employment in Pitkin County immediately prior to application for purchase. 2. A household of at least two qualified employees and one dependent, or one qualified employee with two dependents which said employee(s) has worked one to four consecutive years of employment in Pitkin County immediately prior to application for purchase. 3. A household of at least two qualified employees and one dependent, or one qualified employee with two dependents which said employee(s) has worked less than one consecutive year of employment in Pitkin County immediately prior to application for purchase. 4. A household of at least two qualified employees, or one qualified employee and one dependent which said employee(s) has four or more consecutive years of employment in Pitkin County immediately prior to application for purchase. 5. A household of at least two qualified employees, or one qualified employee and one dependent which said employee(s) has worked one to four consecutive years of employment in Pitkin County immediately prior to application for purchase. 6. A household of at least two qualified employees, or one qualified employee and one dependent which said employee(s) has worked less than one consecutive year of employment in Pitkin County immediately prior to application for purchase. 7. A household of one with four or more consecutive years of employment in Pitkin County immediately prior to application for purchase. 8. A household of one with one to four years of consecutive employment in Pitkin County immediately prior to application for purchase. 9. A household of one with less than one year of consecutive employment in Pitkin County immediately prior to application for purchase. Each household in the top priority will receive the following number of chances. These chances relate only to those households who have worked in Pitkin County four years or more. Any other applicant who has worked in Pitkin County less than four years, will receive only one chance if a separate lottery is held. Working in Pitkin County greater than 4 years, less than 8 years 5 chances Working in Pitkin County greater than 8 years, less than 12 years 6 chances Working in Pitkin County greater than 12 years, less than 16 years 7 chances Working in Pitkin County greater than 16 years, less than 20 years 8 chances Working in Pitkin County greater than 20 years 9 chances Town of Vail 1/6/2015 Page 2 B. Eagle County Currently Eagle County has no written preference on household size for three or more bedroom units, but in practice when bid prices are the same households with three or more members are given priority for larger units. C. Gunnison County 1. A household of at least two qualified employees and one dependent, or one qualified employee with two dependents which said employee(s) has four or more consecutive years of employment in Gunnison County immediately prior to application for purchase. 2. A household of at least two qualified employees and one dependent, or one qualified employee with two dependents which said employee(s) has worked one to four consecutive years of employment in Gunnison County immediately prior to application for purchase. 3. A household of at least two qualified employees and one dependent, or one qualified employee with two dependents which said employee(s) has worked less than one consecutive year of employment in Gunnison County immediately prior to application for purchase. 4. A household of at least two qualified employees, or one qualified employee and one dependent which said employee(s) has four or more consecutive years of employment in Gunnison County immediately prior to application for purchase. 5. A household of at least two qualified employees, or one qualified employee and one dependent which said employee(s) has worked one to four consecutive years of employment in Gunnison County immediately prior to application for purchase. 6. A household of at least two qualified employees, or one qualified employee and one dependent which said employee(s) has worked less than one consecutive year of employment in Gunnison County immediately prior to application for purchase. 7. A household of one with four or more consecutive years of employment in Gunnison County immediately prior to application for purchase. 8. A household of one with one to four years of consecutive employment in Gunnison County immediately prior to application for purchase. 9. A household of one with less than one year of consecutive employment in Gunnison County immediately prior to application for purchase. Each household in the top priority will receive the following number of chances. These chances relate only to those households who have worked in Gunnison County three (3) years or more. Any other applicant who has worked in Gunnison County less than three (3) years, will receive only one chance if a separate lottery is held. Working in Gunnison County greater than 3 years, less than 5 years 5 chances Working in Gunnison County greater than 5 years, less than 8 years 6 chances Working in Gunnison County greater than 8 years, less than 10 years 7 chances Town of Vail 1/6/2015 Page 3 Working in Gunnison County greater than 10 years, less than 15 years 8 chances Working in Gunnison County greater than 15 years 9 chances D. San Miguel County No three bedroom units. E. Summit County Summit County follows the household size requirements for Community Development Block Grant Guidelines. A two-bedroom unit requires a household size of at least two people and a three-bedroom unit requires a household size of at least three people. F. Teton County Having at least one person in your family per bedroom in the house for all homes that have three or more bedrooms is the highest preference, over emergency services worker or length of employment in Teton County. First Preference: One adult in household works in Teton County for at least four years or is currently an emergency services worker in Teton County and there is at least one person per bedroom. Second Preference: Household has worked in Teton County for less than four years, no one in household is an emergency services worker and there is at least one person per bedroom. Third Preference: One adult in household works in Teton County for four years and household has fewer than one person per bedroom. Fourth Preference: One adult in household works in Teton County but has done so for less than four years and household has fewer than one person per bedroom. G. Town of Telluride The total number of people in a Household shall not be less than the Minimum Household Sizes as set forth below: Unit Type: Minimum Household Size: 1 Bedroom 1 Person 2 Bedroom 1 Person 3 Bedroom 2 Persons 4 Bedroom 3 Persons Town of Vail 1/6/2015 Page 4 IV. DEVELOPMENT OPTIONS The town recognized prior to the construction of the North Trail Townhomes that some purchasers, not meeting the minimum family size requirement, may desire units greater than two bedrooms. This recognition resulted in 3 of the 4 two-bedroom units at North Trail Townhomes being designed with an unfinished flex space (approx. 10' x 11'). It was anticipated the space could be finished as a third bedroom, office or left as unfinished storage space. These 3 units are sold using the two-bedroom resale criteria and are currently occupied by singles and/or couples. This design solution has provided increased flexibility and options for purchasers of employee housing units. V. POLICY OPTIONS If the Town Council chooses to amend the policy the Town of Vail may choose to: Maintain the minimum family size requirement for three-bedroom units and the existing lottery system rewarding longevity of living and/or working in Vail. Amend the policy on minimum family size requirement for three-bedroom units and maintain the lottery system rewarding longevity of living and/or working in Vail. Amend the lottery system to be more like one of the other communities and maintain the minimum family size requirement. Town of Vail 1/6/2015 Page 5 VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: January 6, 2015 ITEM/TOPIC: Information Update: 1) 2nd and 3rd Quarter Investment Report 2) Vail Business Review October 2014 3) Revenue Highlights 4) November 2014 Sales Tax ATTACHMENTS: Investments 140930 Investments 140630 Business Review October 2014 Revenue Highlights November 2014 Sales Tax 1/6/2015 ►owx of vn' 1[1 TOWN OF VAIL MEMORANDUM TO: Stan Zemler Council Members FROM: Kathleen Halloran DATE: 3rd Qrtr 2014 RE: Investment Report Enclosed is the investment report with balances as of September 30,2014. The estimated average yield for the pooled cash fund is 0.72%. As of 9/30/2014, the Treasury yield curves for 3 months, 6 months, and 1 year are 0.02%, .03%, 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. 2014 Investment Mix $64.9 million Cash $17.8M, 27% - -- Colora 7 Investment Pool $15.4M, 24% Gov't Securities $20.OM, 31 % CD's $11.71M, 18% There were no other changes to investment products or banking institutions. Please call me if you have any questions. 1/6/2015 Town of Vail, Colorado Investment Report Summary of Accounts and Investments As of 9/30/14 Cash Commercial Banks Money Market Funds Total Cash U.S. Government Securities (see page 4) Government Agency Seurities -Piper Jaffray FNMA'S, GNMA'S, FHLMC'S & SBA'S - Dana Total Government Securities 2014 Balances Percentage of Total $17,759,496 27.35% $553,536 0.85% $17,812,699 27.43% $13,625,792 20.98% $6,431,431 9.90% $20,057,223 30.88% Certificates of Deposit $11,667,347 17.97% Colorado Investment Pools $15,395,901 23.71% Total Portfolio Maturing Within 12 Months Maturing Within 24 Months Maturing After 24 Months Investments 140930 1/6/2012 $64,933,171 100.0% 35,542,726 54.74% 4,080,746 6.28% $25,309,699 38.98% 64,933,171 100.0% Performance Summary as of 9/30/2014 Institution Type of Accounts "CASH" ACCOUNTS Commercial Bank Accounts: First Bank of Vail - Operating Interest Alpine Bank Money Market Accounts: Schwab Institutional Money Market Fund - Dana Investments Interest and Balance Vail Super Now Public Funds Account - Piper Jaffray Interest and Balance Total Money Market Funds Total "Cash" Accounts GOVERNMENT SECURITIES (see pg 5) Government Agency Seurities -Piper Jaffray FNMA'S, GNMA'S, FHLMC'S & SBA'S - Dana Total Government Securities 1st Bank, Vail Colorado (#5734) Matures September 14, 2017 1st Bank, Vail Colorado (#3782) Matures Nov 17, 2014 1st Bank, Vail Colorado (#5114) Matures March 27, 2017 1st Bank, Vail Colorado (#4983) Matures March 6, 2017 1st Bank, Vail Colorado (#1992) Matures Nov 23, 2015 1st Bank, Vail Colorado (#3421) Matures Mar 17, 2016 1 st Bank, Vail Colorado (#4290) Matures Sept 29, 2016 1 st Bank, Vail Colorado (#4754) Matures Dec 28, 2016 1st Bank, Vail Colorado (#5319) Matures May 19, 2016 Piper Jaffray 36161 NXR4 Matures Apr. 20, 2015 Piper Jaffray 2546704RO Matures Mar 14, 2017 Piper Jaffray 02005QZZ9 Matures Mar 28, 2016 Piper Jaffray 795450PJ8 Matures Sept 19, 2017 Piper Jaffray 38143AJM8 Matures Feb 8, 2017 Alpine Bank, Vail Colorado (#43763) Matures Nov 13, 2014 Total Certificates of Deposit LOCAL GOVERNMENT INVESTMENT POOLS Colotrust General Fund Interest Total Local Government Investment Pools Accounts Total All Accounts Investments 140930 1/6/201f) Average Balances Return 09/30/14 0.150%$16,369,784 $1,389,713 0.010% $24,940 0.000% $528,596 $553,536 $17,812,699 1.20% $ 13,625,792 1.14% $ 6,431,431 $ 20,057,223 $ 20,057,223 1.200% 1,024,716 1.500% 1,051,500 1.300% 1,062,246 1.300% 1,033,832 2.000% 1,092,754 2.500% 1,091,473 1.750% 1,053,577 1.750% 1,049,080 0.400% 1,520,340 1.050% 100,300 1.450% 101,726 1.200% 100,978 1.600% 101,047 1.700% 101,453 3.440% 1,182,325 11,667,347 $ 11,667,347 0.010%$15,395,901 $15,395,901 $64,933,171 Government Securities as of 9/30/2014 Days/Years Int Rate Purchase Maturity to Maturity Market Agency Broker Coupon Yield Date Date at Purchase Value ***Federal Agency Discount Notes & Bonds*** FFCB 3133EAF86 Piper Jaffray 0.980% 0.970% 1/19/2012 8/7/2017 5.6 $997,530 FFCB3133EAK49 Piper Jaffray 0.990% 0.980% 1/20/2012 8/15/2017 5.6 $498,240 FNMA 3135GONRO Piper Jaffray 1.110% 1.100% 1/21/2012 8/28/2017 5.6 $498,705 FHLM 3134G3J43 Piper Jaffray 1.050% 1.050% 1/23/2012 9/27/2017 5.7 $396,828 FNMA 3135GOPHO Piper Jaffray 1.010% 1.010% 1/24/2012 9/27/2017 5.7 $497,475 FNMA 3135GOPL1 Piper Jaffray 1.060% 1.060% 1/25/2012 10/4/2017 5.7 $496,315 FHLB 3133813R4 Piper Jaffray 1.020% 1.010% 1/26/2012 11/9/2017 5.8 $495,200 FFCB 3133EC5A8 Piper Jaffray 0.890% 0.880% 1/28/2012 11/27/2017 5.8 $492,175 FFCB 3133EC7B4 Piper Jaffray 0.860% 0.850% 1/29/2012 12/13/2017 5.9 $589,824 FHLB 313383DQ1 Piper Jaffray 1.020% 1.010% 1/29/2012 12/18/2017 5.9 $395,180 FNMA 3136G1 3C1 Piper Jaffray 0.760% 0.750% 1/30/2012 12/19/2017 5.9 $497,200 FNMA 3136G16W4 Piper Jaffray 0.660% 0.650% 1/31/2012 12/27/2017 5.9 $248,308 FHLB 313381RE7 Piper Jaffray 1.020% 1.010% 2/1/2012 1/30/2018 6.0 $494,055 FHLB 313381SP1 Piper Jaffray 1.070% 1.050% 2/1/2012 1/30/2018 6.0 $498,770 FNMA 3136G1 K57 Piper Jaffray 1.120% 1.120% 2/2/2012 4/30/2018 6.2 $541,101 FHLB 313382GQO Piper Jaffray 1.070% 1.070% 2/2/2012 3/20/2018 6.1 $489,530 FHLM 3134G45D6 Piper Jaffray 1.150% 1.140% 2/2/2012 5/25/2018 6.3 $986,270 FHLB 313383HQ7 Piper Jaffray 1.210% 1.210% 2/2/2012 6/27/2018 6.4 $614,445 FHLB313383JQ5 Piper Jaffray 1.270% 1.260% 2/2/2012 6/27/2018 6.4 $326,116 FHLB 3130A04A5 Piper Jaffray 2.040% 2.020% 2/2/2012 10/2/2018 6.7 $554,719 FHLB3130A1Q50 Piper Jaffray 1.650% 1.660% 2/2/2012 5/6/2019 7.3 $397,876 FHLB 3130A1X52 Piper Jaffray 1.000% 1.000% 2/2/2012 5/28/2019 7.3 $398,540 FHLB 3134G57A7 Piper Jaffray 1.800% 1.810% 2/2/2012 6/26/2019 7.4 $498,015 FHLM 3134G5AF2 Piper Jaffray 2.000% 2.000% 2/2/2012 7/9/2019 7.4 $499,780 FNMA 3136G24C8 Piper Jaffray 2.000% 2.000% 2/2/2012 8/26/2019 7.6 $500,620 FFCB 3133EDVH2 Piper Jaffray 2.000% 2.010% 2/2/2012 9/18/2019 7.6 $498,550 FHLM 3134G5HJ7 Piper Jaffray 2.020% 2.030% 2/2/2012 9/24/2019 7.6 $224,426 Average Yield 1.20% $13,625,792 Days/Years Interest Rate Purchase Maturity to Maturity Market Agency Broker Coupon Yield Date Date at Purchase Value ***FNMA'S, ARM'S & SBA'S*** SBA 502647V -Q SBA 508940 SBA 508946 SBA 505536V -M Pooled - Dana Pooled - Dana Pooled - Dana Pooled - Dana 3.975% 2.575% 2.250% 3.125% 3.9% 2.4% 2.2% 2.9% 1 -Jul -94 6 -May -11 1 -Jan -12 1 -Aug -01 25 -Jun -19 25 -Jun -30 25 -Jul -30 25 -Jun -26 25.0 19.2 18.6 24.9 $4,941 $207,517 $170,127 $19,611 GNMA 8417 Pooled - Dana 5.125% 3.8% 1 -Oct -88 20 -Oct -18 30.1 $1,093 GNMA 8703 Pooled - Dana 4.750% 1.6% 1 -Sep -95 20 -Sep -25 30.1 $627 GNMA 8720 Pooled - Dana 5.125% 1.6% 30 -Sep -95 20 -Oct -25 30.1 $765 GNMA 8788 Pooled - Dana 5.375% 1.6% 1 -Jan -96 20 -Jan -26 30.1 $538 GNMA 80426 Pooled - Dana 4.500% 1.6% 21 -Jul -00 20 -Jul -30 30.0 $5,491 GNMA 80696 Pooled - Dana 3.375% 1.6% 23 -May -11 20 -May -33 22.0 $237,817 GNMA 80710 Pooled - Dana 5.625% 1.6% 1 -Jul -03 20 -Jul -33 30.1 $5,939 GNMA 82759 Pooled - Dana 2.500% 1.6% 20 -Mar -12 20 -Mar -41 29.0 $265,399 GNMA 80593 Pooled - Dana 1.750% 1.6% 20 -Apr -12 20 -Apr -32 20.0 $2,851 GNMA 82382 Pooled - Dana 2.690% 1.6% 30 -Sep -13 20 -Sep -39 26.0 $131,636 GNMA 1303 Pooled - Dana 2.000% 2.0% 30 -Sep -13 20 -Sep -43 30.0 $228,153 FNMA 850125 Pooled - Dana 5.146% 2.2% 1 -May -09 1 -Sep -35 26.4 $38,185 FNMA 422251 Pooled - Dana 5.589% 2.2% 1 -Dec -95 1 -Jan -21 25.1 $9,581 FNMA 334439 Pooled - Dana 6.200% 2.4% 1 -Dec -95 1 -Apr -24 28.4 $3,438 FNMA 520790 Pooled - Dana 6.077% 2.3% 1 -Jun -00 1 -Apr -28 27.9 $4,850 FNMA 546468 Pooled - Dana 5.563% 2.2% 24 -May -00 1 -Jun -28 28.0 $1,998 FNMA 535326 Pooled - Dana 5.263% 2.1% 26 -Jun -00 1 -Jun -28 28.0 $2,609 FNMA 323798 Pooled - Dana 5.749% 2.2% 1 -Dec -99 1 -May -29 29.4 $1,004 FNMA 567875 Pooled - Dana 6.336% 2.4% 1 -Dec -00 1 -Sep -30 29.8 $1,598 FNMA 593941 Pooled - Dana 6.010% 1.9% 1 -Dec -01 1 -Dec -30 29.0 $5,172 FNMA 545057 Pooled - Dana 5.487� 2% 1 -May -01 1 -May -31 30.0 $366 FNMA 650970 Pooled - Dana 5.118%6/2011.3% 1 -Aug -01 1 -Jul -32 30.9 $2,355 Investments 140930 Government Securities as of 9/30/2014 Investments 140930 Days/Years Int Rate Purchase Maturity to Maturity Market Agency Broker Coupon Yield Date Date at Purchase Value FNMA 555378 Pooled - Dana 5.120% 2.1% 14 -May -08 1 -Apr -33 24.9 $46,579 FNMA 709092 Pooled - Dana 5.085% 2.1% 1 -Jun -03 1 -Jun -33 30.0 $9,908 FNMA 723661 Pooled - Dana 5.025% 2.2% 1 -Jul -03 1 -Jul -33 30.0 $1,326 FNMA 761737 Pooled - Dana 6.488% 2.2% 16 -May -05 1 -Dec -33 28.6 $8,867 FNMA 725462 Pooled - Dana 5.688% 1.8% 1 -Apr -04 1 -Jan -34 29.8 $10,113 FNMA 745160 Pooled - Dana 5.763% 2.2% 1 -Dec -05 1 -Mar -34 28.3 $18,549 FNMA 791573 Pooled - Dana 5.057% 2.2% 1 -Jul -04 1 -Aug -34 30.1 $3,273 FNMA 888321 Pooled - Dana 5.737% 2.2% 1 -Mar -07 1 -Aug -34 27.3 $20,836 FNMA 849207 Pooled - Dana 6.340% 1.9% 1 -Jan -06 1 -Jan -36 30.0 $8,487 FNMA 888710 Pooled - Dana 5.374% 2.2% 1 -Sep -07 1 -Jul -36 28.9 $27,471 FNMA 893933 Pooled - Dana 5.209% 2.3% 1 -Sep -06 1 -Oct -36 30.1 $10,912 FNMA 555624 Pooled - Dana 5.366% 2.2% 1 -Jun -03 1 -Mar -38 34.8 $3,973 FNMA 735967 Pooled - Dana 6.107% 2.2% 1 -Sep -05 1 -Mar -38 32.5 $8,360 FNMA 888386 Pooled - Dana 5.623% 2.2% 1 -Apr -07 1 -Mar -38 30.9 $48,938 FNMA 888618 Pooled - Dana 5.799% 2.2% 1 -Jul -07 1 -Mar -38 30.7 $16,085 FNMA 995451 Pooled - Dana 4.581% 2.2% 12 -Feb -09 1 -May -38 29.2 $38,869 FNMA 557073 Pooled - Dana 4.255% 1.5% 1 -Sep -00 1 -Jun -40 39.8 $4,112 FNMA 110540 Pooled - Dana 5.150% 2.6% 1 -Nov -90 1 -May -20 29.5 $3,374 FNMA 327446 Pooled - Dana 5.747% 2.7% 1 -Oct -95 1 -Aug -22 26.9 $1,736 FNMA 555921 Pooled - Dana 3.000% 2.6% 1 -Sep -12 1 -Sep -35 23.0 $19,793 FNMA 868877 Pooled - Dana 5.191% 2.3% 1 -Apr -06 1 -Apr -36 30.0 $7,384 FNMA 701045 Pooled - Dana 4.830% 2.0% 1 -Apr -03 1 -Apr -33 30.0 $60,694 FNMA 848390 Pooled - Dana 3.755% 1.8% 12 -Feb -09 1 -Dec -35 26.8 $23,943 FNMA 844148 Pooled - Dana 3.183% 2.0% 1 -Oct -05 1 -Nov -35 30.1 $20,750 FNMA 748087 Pooled - Dana 2.585% 2.2% 1 -Sep -10 1 -Sep -33 23.0 $56,718 FNMA 851297 Pooled - Dana 2.604% 2.3% 3 -May -11 1 -Sep -35 24.3 $244,539 FNMA AC0038 Pooled - Dana 2.355% 1.8% 24 -May -11 1 -Sep -38 27.3 $181,327 FNMA AV9481 Pooled - Dana 2.075% 2.0% 1 -Jul -14 1 -Jul -43 29.0 $359,863 FHLMC 775572 Pooled - Dana 5.594% 2.8% 1 -Sep -94 1 -Jun -24 29.8 $7,204 FHLMC 865469 Pooled - Dana 6.440% 2.8% 1 -Dec -95 1 -Aug -25 29.7 $400 FHLMC 645235 Pooled - Dana 6.340% 2.2% 1 -Jul -00 1 -Mar -29 28.7 $2,126 FHLMC 846784 Pooled - Dana 5.576% 2.2% 1 -Jul -00 1 -May -29 28.9 $1,293 FHLMC 846956 Pooled - Dana 6.446% 2.4% 1 -Nov -01 1 -Nov -31 30.0 $1,307 FHLMC 847166 Pooled - Dana 5.092% 2.3% 1 -Jul -03 1 -Aug -33 30.1 $3,675 FHLMC 847359 Pooled - Dana 6.072% 2.3% 1 -Dec -04 1 -Dec -34 30.0 $3,626 FHLMC 782526 Pooled - Dana 4.509% 2.1% 1 -Apr -05 1 -Apr -35 30.0 $49,978 FHLMC 848000 Pooled - Dana 4.665% 2.2% 1 -Sep -08 1 -Feb -36 27.4 $49,394 FHLMC 847629 Pooled - Dana 6.092% 2.3% 1 -Oct -06 1 -Sep -36 29.9 $11,719 FHLMC 865127 Pooled - Dana 3.130% 3.0% 1 -Aug -89 1 -Mar -19 29.6 $836 FHLMC 865476 Pooled - Dana 6.082% 2.8% 1 -Apr -96 1 -Feb -36 39.9 $495 FHLMC 865663 Pooled - Dana 6.040% 3.0% 1 -Nov -00 1 -Feb -30 29.3 $970 FHLMC 765114 Pooled - Dana 6.963% 4.4% 1 -Mar -99 1 -Jan -18 18.9 $719 FHLMC 847427 Pooled - Dana 5.264% 2.1% 1 -Jul -05 1 -Sep -34 29.2 $4,748 FHLMC 1G1840 Pooled - Dana 5.315% 2.3% 1 -Feb -06 1 -Nov -35 29.8 $8,862 FHLMC 183063 Pooled - Dana 5.553% 2.3% 1 -Aug -06 1 -Aug -36 30.0 $19,766 FHLMC 847058 Pooled - Dana 5.181% 2.2% 1 -Aug -02 1 -Aug -32 30.0 $19,405 FHLMC 1B7033 Pooled - Dana 2.846% 2.1% 25 -May -11 1 -Sep -35 24.3 $167,328 FHLMC 611384 Pooled - Dana 6.953% 2.3% 11 -Feb -05 1 -Dec -32 27.8 $8,383 FHLMC 849313 Pooled - Dana 2.123% 2.1% 1 -Jun -14 1 -Feb -43 28.7 $359,569 TSY 912828EA4 1.875% 1.5% 16 -May -13 15 -Jul -15 2.2 $313,256 TSY 912828MY3 0.500% 0.5% 15 -Apr -15 2.0 $275,201 FNMA Fixed rate agency 3135GOHG1 0.375% 0.4% an 2 16 -Mar -15 3.2 9 ,9 FHLB Fixed rate agem3130A2CG9 1.125% 1.1% 19 -Jun -14 19 -Sep -17 3.3 $319,840 FHLMC Fixed rate agency 3137EADP1 0.875% 0.9% 1 -Jun -14 7 -Mar -18 3.8 $393,068 FHLB Step Coupon Agency 3130A2NM4 0.750% 0.750% 28 -Jul -14 28 -Jul -17 3.0 $300,675 FHLB Step Coupon Agency 3130A3AQ7 0.800% 0.800% 16 -Oct -14 16 -Oct -17 3.0 $300,000 FHLB Step Coupon Agency 3130A32M5 1.000% 1.000% 26 -Sep -14 26 -Sep -18 4.0 $300,000 FHLMC Step coupon agency 3134G4YW2 1.000% 1.0% 1 -May -14 27 -Mar -19 4.9 $399,200 Accrued Interest 1.1% $10,334 Income Receivable $77,651 Average Yield 1.14% 6,431,431 1/6/2015 Total $20,057,223 Investments 140930 TOWN OF VAIL MEMORANDUM TO: Stan Zemler Council Members FROM: Kathleen Halloran DATE: 2nd Qrtr 2014 RE: Investment Report Enclosed is the investment report with balances as of June 30,2014. The estimated average yield for the pooled cash fund is 0.68%. As of 6/30/2014, the Treasury yield curves for 3 months, 6 months, and 1 year are 0.04%, .07%, and 0.11 % respectively. TOV investments performed above these yields. Our investment mix follows the policy objectives of safety, liquidity, and yield in that order. 2014 Investment Mix $67.9 million Gov't Cash Securities $22.3M, 33% -- $18.9M, 28% CoIora CD's $12.3M, Investment 18% Pool $14.4M, 21% There were no other changes to investment products or banking institutions. Please call me if you have any questions. 1/6/2015 Town of Vail, Colorado Investment Report Summary of Accounts and Investments As of 6/30/14 Cash Commercial Banks Money Market Funds Total Cash U.S. Government Securities (see page 4) Government Agency Seurities -Piper Jaffray FNMA'S, GNMA'S, FHLMC'S & SBA'S - Dana Total Government Securities 2014 Balances Percentage of Total $21,421,219 31.57% $839,129 1.24% $22,260,348 32.81% $12,663,038 18.66% $6,240,579 9.20% $18,903,617 27.86% Certificates of Deposit $12,287,552 18.11% Colorado Investment Pools $14,396,373 21.22% Total Portfolio Maturing Within 12 Months Maturing Within 24 Months Maturing After 24 Months Investments 140630 1/6/2012 $67,847,890 100.0% 41,991,691 61.89% 4,285,065 6.32% $21,571,134 31.79% 67,847,890 100.0% Performance Summary as of 6/30/2014 Institution Type of Accounts "CASH" ACCOUNTS Commercial Bank Accounts: First Bank of Vail - Operating Interest Alpine Bank Money Market Accounts: Schwab Institutional Money Market Fund - Dana Investments Interest and Balance Vail Super Now Public Funds Account - Piper Jaffray Interest and Balance Total Money Market Funds Total "Cash" Accounts GOVERNMENT SECURITIES (see pg 5) Government Agency Seurities -Piper Jaffray FNMA'S, GNMA'S, FHLMC'S & SBA'S - Dana Total Government Securities 1st Bank, Vail Colorado (#5734) Matures September 14, 2017 1st Bank, Vail Colorado (#3782) Matures Nov 17, 2014 1st Bank, Vail Colorado (#5114) Matures March 27, 2017 1st Bank, Vail Colorado (#4983) Matures March 6, 2017 1st Bank, Vail Colorado (#1992) Matures Nov 23, 2015 1st Bank, Vail Colorado (#3421) Matures Mar 17, 2016 1 st Bank, Vail Colorado (#4290) Matures Sept 29, 2016 1 st Bank, Vail Colorado (#4754) Matures Dec 28, 2016 1st Bank, Vail Colorado (#5319) Matures May 19, 2016 Piper Jaffray 36161 NXR4 Matures Apr. 20, 2015 Piper Jaffray 2546704RO Matures Mar 14, 2017 Piper Jaffray 02005QZZ9 Matures Mar 28, 2016 Piper Jaffray 795450PJ8 Matures Sept 19, 2017 Piper Jaffray 38143AJM8 Matures Feb 8, 2017 Alpine Bank, Vail Colorado (#83597) Matures Sept 11, 2014 Alpine Bank, Vail Colorado (#43763) Matures Nov 13, 2014 Total Certificates of Deposit LOCAL GOVERNMENT INVESTMENT POOLS Colotrust General Fund Interest Total Local Government Investment Pools Accounts Total All Accounts Investments 140630 1/6/201f) Average Balances Return 06/30/14 0.150%$20,698,431 $722,787 0.010% $209,972 0.000% $629,157 $839,129 $22,260,348 1.13% $ 12,663,038 1.21% $ 6,240,579 $ 18,903,617 $ 18,903,617 1.200% 1,021,639 1.500% 1,047,561 1.300% 1,058,793 1.300% 1,030,471 2.000% 1,087,314 2.500% 1,084,702 1.750% 1,048,980 1.750% 1,044,502 0.400% 1,518,812 1.050% 100,381 1.450% 101,923 1.200% 101,229 1.600% 101,221 1.700% 101,586 0.459% 666,322 3.440% 1,172,118 12,287,552 $ 12,287,552 0.010% $14,396,373 $14,396,373 $67,847,890 Government Securities as of 3/31/2014 Days/Years Int Rate Purchase Maturity to Maturity Market Agency Broker Coupon Yield Date Date at Purchase Value ***Federal Agency Discount Notes & Bonds*** FFCB 3133EAF86 Piper Jaffray 0.980% 0.970% 1/19/2012 8/7/2017 5.6 $999,710 FFCB 3133ECWK6 Piper Jaffray 1.330% 1.330% 1/19/2012 8/7/2017 5.6 $225,239 FFCB3133EAK49 Piper Jaffray 0.990% 0.980% 1/20/2012 8/15/2017 5.6 $499,100 FNMA 3135GONRO Piper Jaffray 1.110% 1.100% 1/21/2012 8/28/2017 5.6 $500,490 FHLM 3134G3J43 Piper Jaffray 1.050% 1.050% 1/23/2012 9/27/2017 5.7 $398,052 FNMA 3135GOPHO Piper Jaffray 1.010% 1.000% 1/24/2012 9/27/2017 5.7 $499,335 FNMA 3135GOPL1 Piper Jaffray 1.060% 1.050% 1/25/2012 10/4/2017 5.7 $498,115 FHLB 3133813R4 Piper Jaffray 1.020% 1.010% 1/26/2012 11/9/2017 5.8 $496,000 FFCB 3133EC5A8 Piper Jaffray 0.890% 0.870% 1/28/2012 11/27/2017 5.8 $497,205 FFCB 3133EC7B4 Piper Jaffray 0.860% 0.850% 1/29/2012 12/13/2017 5.9 $595,896 FHLB 313383DQ1 Piper Jaffray 1.020% 1.010% 1/29/2012 12/18/2017 5.9 $396,016 FNMA 3136G13C1 Piper Jaffray 0.760% 0.750% 1/30/2012 12/19/2017 5.9 $498,160 FNMA 3136G16W4 Piper Jaffray 0.660% 0.650% 1/31/2012 12/27/2017 5.9 $248,770 FHLB 313381RE7 Piper Jaffray 1.020% 1.010% 2/1/2012 1/30/2018 6.0 $495,085 FHLB 313381SP1 Piper Jaffray 1.070% 1.050% 2/1/2012 1/30/2018 6.0 $500,395 FNMA 3136G1 K57 Piper Jaffray 1.120% 1.120% 2/2/2012 4/30/2018 6.2 $542,548 FHLB 313382GQO Piper Jaffray 1.070% 1.070% 2/2/2012 3/20/2018 6.1 $490,310 FHLM 3134G45D6 Piper Jaffray 1.150% 1.140% 2/2/2012 5/25/2018 6.3 $988,410 FHLB 313383HQ7 Piper Jaffray 1.210% 1.210% 2/2/2012 6/27/2018 6.4 $615,617 FHLB 313383JQ5 Piper Jaffray 1.270% 1.260% 2/2/2012 6/27/2018 6.4 $326,677 FHLB 3130A04A5 Piper Jaffray 2.040% 2.020% 2/2/2012 10/2/2018 6.7 $555,836 FHLB 3130A1Q50 Piper Jaffray 1.650% 1.660% 2/2/2012 5/6/2019 7.3 $398,108 FHLB 3130A1X52 Piper Jaffray 1.000% 1.010% 2/2/2012 5/28/2019 7.3 $397,496 FHLB3130A2AX4 Piper Jaffray 2.000% 1.990% 2/2/2012 6/26/2019 7.4 $501,465 FHLB 3134G57A7 Piper Jaffray 1.800% 1.800% 2/2/2012 6/26/2019 7.4 $499,005 - Dana 5.118% Average Yield 1 -Aug -01 1 -Jul -32 1.13% $2,480 $12,663,038 Pooled - Dana 5.120% 1/6/20251% 14 -May -08 1 -Apr -33 24.9 Days/Years FNMA 709092 Pooled - Dana Interest Rate 2.2% Purchase Maturity to Maturity Market Agency Broker Coupon Yield Date Date at Purchase Value ***FNMA'S, ARM'S & SBA'S*** SBA 502647V -Q SBA 508940 SBA 508946 SBA 505536V -M Pooled Pooled Pooled Pooled - Dana - Dana - Dana - Dana 3.975% 2.575% 2.250% 3.125% 3.9% 2.4% 2.2% 2.9% 1 -Jul -94 6 -May -11 1 -Jan -12 1 -Aug -01 25 -Jun -19 25 -Jun -30 25 -Jul -30 25 -Jun -26 25.0 19.2 18.6 24.9 $5,102 $273,838 $172,330 $19,860 GNMA 8417 Pooled - Dana 5.125% 3.8% 1 -Oct -88 20 -Oct -18 30.1 $1,161 GNMA 8703 Pooled - Dana 4.750% 1.6% 1 -Sep -95 20 -Sep -25 30.1 $667 GNMA 8720 Pooled - Dana 5.125% 1.6% 30 -Sep -95 20 -Oct -25 30.1 $778 GNMA 8788 Pooled - Dana 5.375% 1.6% 1 -Jan -96 20 -Jan -26 30.1 $551 GNMA 80426 Pooled - Dana 4.500% 1.6% 21 -Jul -00 20 -Jul -30 30.0 $5,571 GNMA 80696 Pooled - Dana 3.375% 1.6% 23 -May -11 20 -May -33 22.0 $239,611 GNMA 80710 Pooled - Dana 5.625% 1.6% 1 -Jul -03 20 -Jul -33 30.1 $6,032 GNMA 82759 Pooled - Dana 2.500% 1.6% 20 -Mar -12 20 -Mar -41 29.0 $280,246 GNMA 80593 Pooled - Dana 1.750% 1.6% 20 -Apr -12 20 -Apr -32 20.0 $3,043 GNMA 82382 Pooled - Dana 2.690% 1.6% 30 -Sep -13 20 -Sep -39 26.0 $135,668 GNMA 1303 Pooled - Dana 2.000% 1.9% 30 -Sep -13 20 -Sep -43 30.0 $242,583 FNMA 850125 Pooled - Dana 5.146% 2.2% 1 -May -09 1 -Sep -35 26.4 $38,222 FNMA 422251 Pooled - Dana 5.589% 2.3% 1 -Dec -95 1 -Jan -21 25.1 $10,537 FNMA 334439 Pooled - Dana 6.200% 2.4% 1 -Dec -95 1 -Apr -24 28.4 $3,508 FNMA 520790 Pooled - Dana 6.077% 2.3% 1 -Jun -00 1 -Apr -28 27.9 $4,912 FNMA 546468 Pooled - Dana 5.563% 2.2% 24 -May -00 1 -Jun -28 28.0 $2,138 FNMA 535326 Pooled - Dana 5.263% 2.1% 26 -Jun -00 1 -Jun -28 28.0 $2,724 FNMA 323798 Pooled - Dana 5.749% 2.2% 1 -Dec -99 1 -May -29 29.4 $1,028 FNMA 567875 Pooled - Dana 6.336% 2.5% 1 -Dec -00 1 -Sep -30 29.8 $1,613 FNMA 593941 Pooled - Dana 6.010% 1.9% 1 -Dec -01 1 -Dec -30 29.0 $5,248 FNMA 545057 Pooled - Dana 5.487% 2.2% 1 -May -01 1 -May -31 30.0 $414 FNMA 650970 Pooled - Dana 5.118% 2.3% 1 -Aug -01 1 -Jul -32 30.9 $2,480 FNMA 555378 Pooled - Dana 5.120% 1/6/20251% 14 -May -08 1 -Apr -33 24.9 $48,173 FNMA 709092 Pooled - Dana 5.085% 2.2% 1 -Jun -03 1 -Jun -33 30.0 $9,852 Investments 140630 Government Securities as of 3/31/2014 1/6/2015 Total $18,903,617 Investments 140630 Days/Years Int Rate Purchase Maturity to Maturity Market Agency Broker Coupon Yield Date Date at Purchase Value FNMA 723661 Pooled - Dana 5.025% 2.2% 1 -Jul -03 1 -Jul -33 30.0 $1,334 FNMA 761737 Pooled - Dana 6.488% 2.3% 16 -May -05 1 -Dec -33 28.6 $8,865 FNMA 725462 Pooled - Dana 5.688% 1.8% 1 -Apr -04 1 -Jan -34 29.8 $10,205 FNMA 745160 Pooled - Dana 5.763% 2.2% 1 -Dec -05 1 -Mar -34 28.3 $18,707 FNMA 791573 Pooled - Dana 5.057% 2.2% 1 -Jul -04 1 -Aug -34 30.1 $3,314 FNMA 888321 Pooled - Dana 5.737% 2.2% 1 -Mar -07 1 -Aug -34 27.3 $21,629 FNMA 849207 Pooled - Dana 6.340% 1.9% 1 -Jan -06 1 -Jan -36 30.0 $9,522 FNMA 888710 Pooled - Dana 5.374% 2.2% 1 -Sep -07 1 -Jul -36 28.9 $28,314 FNMA 893933 Pooled - Dana 5.209% 2.3% 1 -Sep -06 1 -Oct -36 30.1 $12,101 FNMA 555624 Pooled - Dana 5.366% 2.2% 1 -Jun -03 1 -Mar -38 34.8 $4,071 FNMA 735967 Pooled - Dana 6.107% 2.2% 1 -Sep -05 1 -Mar -38 32.5 $8,470 FNMA 888386 Pooled - Dana 5.623% 2.2% 1 -Apr -07 1 -Mar -38 30.9 $50,771 FNMA 888618 Pooled - Dana 5.799% 2.2% 1 -Jul -07 1 -Mar -38 30.7 $16,270 FNMA 995451 Pooled - Dana 4.581% 2.2% 12 -Feb -09 1 -May -38 29.2 $40,642 FNMA 557073 Pooled - Dana 4.255% 1.5% 1 -Sep -00 1 -Jun -40 39.8 $4,257 FNMA 110540 Pooled - Dana 5.150% 2.6% 1 -Nov -90 1 -May -20 29.5 $3,539 FNMA 327446 Pooled - Dana 5.747% 2.6% 1 -Oct -95 1 -Aug -22 26.9 $1,917 FNMA 555921 Pooled - Dana 3.000% 2.6% 1 -Sep -12 1 -Sep -35 23.0 $20,596 FNMA 868877 Pooled - Dana 5.191% 2.3% 1 -Apr -06 1 -Apr -36 30.0 $7,909 FNMA 701045 Pooled - Dana 4.830% 2.1% 1 -Apr -03 1 -Apr -33 30.0 $61,751 FNMA 848390 Pooled - Dana 3.755% 1.8% 12 -Feb -09 1 -Dec -35 26.8 $24,161 FNMA 844148 Pooled - Dana 3.183% 2.0% 1 -Oct -05 1 -Nov -35 30.1 $21,684 FNMA 748087 Pooled - Dana 2.585% 2.2% 1 -Sep -10 1 -Sep -33 23.0 $57,096 FNMA 851297 Pooled - Dana 2.604% 2.3% 3 -May -11 1 -Sep -35 24.3 $246,681 FNMA AC0038 Pooled - Dana 2.355% 4.8% 24 -May -11 1 -Sep -38 27.3 $187,789 FNMA AV9481 Pooled - Dana 2.075% 2.0% 1 -Jul -14 1 -Jul -43 29.0 $386,979 FHLMC 775572 Pooled - Dana 5.594% 2.8% 1 -Sep -94 1 -Jun -24 29.8 $7,372 FHLMC 865469 Pooled - Dana 6.440% 2.8% 1 -Dec -95 1 -Aug -25 29.7 $416 FHLMC 755344 Pooled - Dana 5.160% 2.3% 1 -May -00 1 -Mar -28 27.9 $0 FHLMC 645235 Pooled - Dana 6.340% 2.2% 1 -Jul -00 1 -Mar -29 28.7 $2,146 FHLMC 846784 Pooled - Dana 5.576% 2.2% 1 -Jul -00 1 -May -29 28.9 $1,336 FHLMC 786867 Pooled - Dana 5.970% 2.4% 1 -Nov -99 1 -Aug -29 29.8 $0 FHLMC 846956 Pooled - Dana 6.446% 2.4% 1 -Nov -01 1 -Nov -31 30.0 $1,340 FHLMC 847166 Pooled - Dana 5.092% 2.3% 1 -Jul -03 1 -Aug -33 30.1 $3,705 FHLMC 847359 Pooled - Dana 6.072% 2.3% 1 -Dec -04 1 -Dec -34 30.0 $3,783 FHLMC 782526 Pooled - Dana 4.509% 2.1% 1 -Apr -05 1 -Apr -35 30.0 $54,895 FHLMC 848000 Pooled - Dana 4.665% 2.2% 1 -Sep -08 1 -Feb -36 27.4 $50,490 FHLMC 847629 Pooled - Dana 6.092% 2.3% 1 -Oct -06 1 -Sep -36 29.9 $12,579 FHLMC 865006 Pooled - Dana 6.935% 2.9% 1 -Feb -89 1 -Aug -18 29.5 $29 FHLMC 865127 Pooled - Dana 3.130% 3.2% 1 -Aug -89 1 -Mar -19 29.6 $889 FHLMC 865476 Pooled - Dana 6.082% 2.8% 1 -Apr -96 1 -Feb -36 39.9 $499 FHLMC 865663 Pooled - Dana 6.040% 3.0% 1 -Nov -00 1 -Feb -30 29.3 $984 FHLMC 765114 Pooled - Dana 6.963% 4.4% 1 -Mar -99 1 -Jan -18 18.9 $778 FHLMC 847427 Pooled - Dana 5.264% 2.3% 1 -Jul -05 1 -Sep -34 29.2 $4,774 FHLMC 1G1840 Pooled - Dana 5.315% 2.2% 1 -Feb -06 1 -Nov -35 29.8 $12,197 FHLMC 183063 Pooled - Dana 5.553% 2.4% 1 -Aug -06 1 -Aug -36 30.0 $19,927 FHLMC 847058 Pooled - Dana 5.181% 2.3% 1 -Aug -02 1 -Aug -32 30.0 $19,561 FHLMC 1 87033 Pooled - Dana 2.846% 2.2% 25 -May -11 1 -Sep -35 24.3 $168,022 FHLMC 611384 Pooled - Dana 6.953% 2.3% 11 -Feb -05 1 -Dec -32 27.8 $8,497 FHLMC 849313 Pooled - Dana 2.123% 2.1% 1 -Jun -14 1 -Feb -43 28.7 $401,239 TSY 912828EA4 1.875% 1.5% 16 -May -13 15 -Jul -15 2.2 $316,693 TSY 912828CP3 2.000% 1.6% 30 -Jun -12 15 -Jul -14 2.0 $252,141 TSY 912828MY3 0.500% 0.5% 15 -Apr -1 5 2.0 $277,545 FNMA Fixed rate agency 3135GOHG1 0.375% 0.4% 1 -Jan -12 16 -Mar -15 3.2 400,472 FNMA Fixed rate agency 3136G1V89 1.050% 1.1% 30 -Sep -13 30 -Sep -16 3.0 $300,732 FHLB Fixed rate agent 3130A2CG9 1.125% 1.1% 19 -Jun -14 19 -Sep -17 3.3 $317,760 FHLMC Fixed rate agency 3137EADP 0.875% 0.9% 1 -Jun -14 7 -Mar -18 3.8 $394,444 FHLMC Step coupon agency 3134G4) 1.000% 1.0% 1 -May -14 27 -Mar -19 4.9 $400,000 Accrued Interest 1.2% $16,833 Income Receivable $12,036 Average Yield 1.21% 6,240,579 1/6/2015 Total $18,903,617 Investments 140630 TOWN OF VAIL' 75 South Frontage Road West Finance Department Vail, Colorado 81657 970.479.2100 vailgov.com 970.479.2248 fax Vail Business Review October 2014 December 15, 2014 The October Vail Business Review breaks down the four percent sales tax collected for October and the summer, May - October. Overall October sales tax decreased 6.5% with Retail increasing .7%, Lodging decreased 25.9°/x, Food and Beverage increased 1.3% and Utilities/Other (which is mainly utilities but also includes taxable services and rentals) decreased 9.0%. Excluding the Out of Town category sales tax for the month of October was down 5.3%. The summer resulted in an 7.9% increase overall with Retail increasing 8.5%, Lodging increased 10.7%, Food and Beverage increased 6.9% and Utilities/Other increased 2.7%. Excluding the Out of Town category, summer sales tax is up 8.1%. Electronic filing and payment of Vail sales tax is now an option. Please visit www.vailgov.com/epay Town of Vail sales tax forms, the Vail Business Review and the sales tax worksheet are available on the internet at www.vailgov.com. You can subscribe to have the Vail Business Review and the sales tax worksheet e-mailed to you automatically from www.vailgov.com. Please remember when reading the Vail Business Review that it is produced from sales tax collections, as opposed to actual gross sales. If you have any questions or comments please feel free to call me at (970) 479-2125 or Kathleen Halloran at (970) 479-2116. Sincerely, LA Sally Lorton Sales Tax Administrator 1/6/2015 October TOWN OF IVAILTOWN OF VAIL BUSINESS REVIEW TOWN 0F Sales Tax Newsletter October 2014 Sales Tax October October October 2013 2014 % Collections Collections Change VAIL VILLAGE Retail 71,663 80,702 12.61 % Lodging 75,254 56,691 -24.67% F & B 118,324 131,984 11.54% Other 2,912 2,052 -29.52% Total 268,152 271,429 1.22% LIONSHEAD Retail 19,760 19,564 -0.99% Lodging 39,880 34,391 -13.76% F & B 34,601 25,191 -27.19% Other 1,991 1,592 -20.05% Total 96,232 80,738 -16.10% CASCADE VILLAGE/EAST VAIL/SANDSTONE/WEST VAIL Retail 94,239 94,357 0.13% Lodging 39,602 24,485 -38.17% F & B 42,985 41,302 -3.92% Other 3,405 3,603 5.81 % Total 180,231 163,747 -9.15% OUT OF TOWN Retail 87,256 80,174 -8.12% Lodging 9,797 6,358 -35.10% F & B 438 435 -0.85% Utilities & Other 114,998 104,966 -8.72% Total 212,490 191,932 -9.67% 12/15/2014 2:18:11 PM en-,47612fl(p5,er Page 1 of 2 October TOWN OF VAIL BUSINESS REVIEW TOWN OF VAIL Sales Tax Newsletter October 2014 Sales Tax TOTAL Total 757,105 707,846 -6.51 % RETAIL SUMMARY October October October 2013 2014 % Collections Collections Change Retail 272,918 274,797 0.69% Lodging And Property Mgmt 164,532 121,925 -25.90% Food and Beverage 196,348 198,911 1.31 % Other 123,306 112,212 -9.00% Total 757,105 707,846 -6.51 % RETAIL SUMMARY 12/15/2014218:11 PM en-,47612D(T5/er Page 2 of 2 October October October 2013 2014 % Collections Collections Change RETAIL -FOOD 72,701 70,660 -2.81 % RETAIL -LIQUOR 19,532 22,032 12.80% RETAIL -APPAREL 31,334 35,977 14.82% RETAIL -SPORT 41,230 39,708 -3.69% RETAIL -JEWELRY 5,504 7,865 42.88% RETAIL -GIFT 2,696 2,597 -3.67% RETAIL -GALLERY 1,708 1,335 -21.86% RETAIL -OTHER 98,028 94,624 -3.47% RETAIL -HOME OCCUPATION 185 0 -100.00% Total 272,918 274,797 0.69% 12/15/2014218:11 PM en-,47612D(T5/er Page 2 of 2 Summer TOWN OF VAIL BUSINESS REVIEW TOWN OF VAIL Sales Tax Newsletter Summer 2014 Sales Tax 12/15/2014 2:43:59 PM -,1 176t201 5 Page 1 of 2 Summer 2013 Collections Summer 2014 Collections Summer % Change VAIL VILLAGE Retail 834,765 940,291 12.64% Lodging 748,929 842,603 12.51 % F & B 1,284,706 1,368,909 6.55% Other 32,451 27,081 -16.55% Total 2,900,851 3,178,883 9.58% LIONSHEAD Retail 231,636 254,096 9.70% Lodging 439,932 513,662 16.76% F & B 364,913 396,379 8.62% Other 20,189 22,676 12.32% Total 1,056,669 1,186,814 12.32% CASCADE VILLAGE/EAST VAIL/SANDSTONE/WEST VAIL Retail 729,524 738,585 1.24% Lodging 319,467 314,902 -1.43% F & B 305,660 321,739 5.26% Other 31,529 34,555 9.60% Total 1,386,179 1,409,781 1.70% OUT OF TOWN Retail 467,106 521,338 11.61 % Lodging 33,131 35,432 6.95% F & B 4,528 8,138 79.75% Utilities & Other 656,142 675,949 3.02% Total 1,160,906 1,240,858 6.89% 12/15/2014 2:43:59 PM -,1 176t201 5 Page 1 of 2 Summer TOWN OF VAIL BUSINESS REVIEW TOWN OF VAIL Sales Tax Newsletter Summer 2014 Sales Tax TOTAL Total 6,504,606 7,016,336 7.87% RETAIL SUMMARY Summer Summer Summer 2013 2014 % Collections Collections Change RETAIL -FOOD Summer Summer Summer RETAIL -APPAREL 2013 2014 % RETAIL -JEWELRY Collections Collections Change Retail 2,263,031 2,454,311 8.45% Lodging And Property Mgmt 1,541,458 1,706,599 10.71 % Food and Beverage 1,959,806 2,095,165 6.91 % Other 740,311 760,262 2.69% Total 6,504,606 7,016,336 7.87% RETAIL SUMMARY Summer Summer Summer 2013 2014 % Collections Collections Change RETAIL -FOOD 580,252 RETAIL -LIQUOR 168,996 RETAIL -APPAREL 391,764 RETAIL -SPORT 393,195 RETAIL -JEWELRY 102,979 RETAIL -GIFT 24,706 RETAIL -GALLERY 28,448 RETAIL -OTHER 571,294 RETAIL -HOME OCCUPATION 1,397 Total 2,263,031 582,195 0.33% 186,134 10.14% 441,489 12.69% 422,007 7.33% 107,792 4.67% 28,675 16.07% 32,688 14.91 % 653,122 14.32% 208 -85.11 % 2,454,311 8.45% 12/15/2014 2:44:00 PM -,1 176t201 5 Page 2 of 2 TOWN OF VAIL REVENUE HIGHLIGHTS January 6, 2015 Sales Tax Upon receipt of all sales tax returns, November collections are estimated to be $961,635 up 1.5% from last year and up 9.5% compared to budget. Year to date collections of $20,011,047 are up 7.7% from the prior year and up 1.4% from budget. Inflation as measured by the consumer price index was up 1.3% for November. The annual amended budget totals $23.1 million. Real Estate Transfer Tax (RETT) RETT collections through December 28 total $6,656,227 up 43.7% ($2.OM) from this time last year. The significant increase is mainly due to the purchase of residential properties. So far this year there have been 8 properties sold for over $10 million, 21 properties sold between $5 and $10 million and 42 properties sold between $2.5 and $5 million. These properties account for $4.2 million, or 64% of the total collections year to date. The amended annual RETT budget currently totals $5.9 million. Construction Use Tax Use Tax collections total $1,803,145 year-to-date compared to an amended annual budget of $1.8 million. Construction Use Tax is up 33% from collections this time last year. Summary Across all funds, year-to-date total revenue of $54.1 million is up 8.5% from the amended budget and up 17.6% from prior year, mainly due to increases in Sales Tax, Construction Use Tax, Construction Fees and RETT collections. 1/6/201r) - MEMORANDUM December 30, 2014 To: Vail Town Council Stan Zemler Pam Brandmeyer Kathleen Halloran From: Sally Lorton Re: November Sales Tax I estimate Vail will collect another $46,000 in November sales tax to bring collections to $961,635. If so, November will be up 9.5% or $83,040 from the amended budget and up 1.5% or $14,008 from November 2013. Year to date would be up 7.7% or $1,433,226 from 2013. The year to date and full year budgets have been amended by $1,100,000 to reflect collections earlier in the year. Year to date revenue would be up 7.4% or $1,369,591 from the original budget and 1.4% or $269,590 from the amended budget. 1/6/2015 Month 2003 2004 2005 2006 2007 2008 Town of Vail Sales Tax Worksheet 12/30/2014 2009 2010 2011 2012 2013 Budget 2014 Collections Budget Variance % Change from 2013 % Change from Budget January 1,997,091 2,225,841 2,275,967 2,597,985 2,783,306 2,976,655 2,619,673 2,564,383 2,795,688 2,855,524 3,145,620 3,482,239 3,482,239 0 10.70% 0.00% February 2,111,163 2,362,825 2,429,377 2,527,130 2,718,643 3,071,615 2,588,889 2,577,360 2,803,136 2,994,580 3,267,351 3,476,412 3,476,412 0 6.40% 0.00% March 2,372,942 2,344,178 2,785,101 2,852,954 2,986,446 3,327,304 2,504,567 2,685,004 3,143,418 3,185,859 3,650,157 3,785,833 3,785,833 0 3.72% 0.00% April 871,468 992,157 915,554 1,280,324 1,330,740 1,098,918 1,235,941 1,156,934 1,191,690 1,183,087 1,069,186 1,279,493 1,279,623 130 19.68% 0.01% May 428,919 411,595 458,770 449,283 545,874 622,103 516,150 421,925 473,292 487,739 563,602 606,531 606,711 180 7.65% 0.03% June 742,755 732,113 834,913 805,362 953,017 918,061 717,233 873,765 895,951 963,143 1,023,801 1,151,770 1,152,229 459 12.54% 0.04% July 1,075,532 1,128,514 1,166,183 1,255,243 1,265,781 1,397,842 1,121,860 1,228,767 1,481,329 1,573,499 1,654,161 1,821,086 1,826,879 5,793 10.44% 0.32% August 1,029,446 994,445 993,985 1,055,614 1,162,746 1,349,795 1,068,391 1,147,352 1,310,471 1,380,710 1,507,048 1,517,611 1,673,783 156,172 11.06% 10.29% September 679,208 757,033 795,807 832,549 908,318 834,569 753,754 761,425 889,945 978,037 994,135 999,126 1,052,908 53,782 5.91% 5.38% October 508,092 532,537 566,173 614,396 688,519 662,767 581,033 594,362 623,420 644,577 755,133 742,761 712,795 (29,966) -5.61% -4.03% November 591,269 623,646 713,117 799,582 747,877 719,109 651,873 701,075 788,430 825,873 947,627 878,595 915,635 37,040 -3.38% 4.22% Total 12,407,885 13,104,884 13,934,947 15,070,422 16,091,267 16,978,738 14,359,364 14,712,352 16,396,770 17,072,628 18,577,821 19,741,457 19,965,047 223,590 7.47% 1.13% December 2,171,098 2,362,095 2,549,032 2,771,258 2,821,871 2,652,628 2,553,974 2,963,763 3,184,645 2,973,826 3,422,178 3,358,544 Total 14,578,983 15,466,979 16,483,979 17,841,680 18,913,138 19,631,366 16,913,338 17,676,115 19,581,415 20,046,454 21,999,999 23,100,000 1/6/2015 TOWN OF VAIN VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: January 6, 2015 ITEM/TOPIC: Matters from the Mayor, Council and Committee Reports 1/6/2015 TOWN OF VAIN VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: January 6, 2015 ITEM/TOPIC: Adjournment (estimated 4:05 pm) NOTE: UPCOMING MEETING TOPICS AND ESTIMATED TIMEFRAMES BELOW (ALL ARE APPROXIMATE DATES AND TIMES AND SUBJECT TO CHANGE) THE NEXT REGULAR VAIL TOWN COUNCIL MEETING WORK SESSION WILL BEGIN AT APPROXIMATELY 12:30 P.M. (or TBD), TUESDAY, JANUARY 20, 2015 IN THE VAIL TOWN COUNCIL CHAMBERS Ongoing agenda items DRB/PEC updates WS - 15 min.; Information Updates Attachments: WS - 15 min.; Executive Session items: 30 min.; Consent Agenda: 5 min.; Town Manager Report: 5 min. Other future agenda items: Plastic Bags -1/20 Housing Policy - 1/20 Vail Valley Medical Center: Road map for Master Plan, proposed Master Plan, PEC recommendations summary - 2/3 Parking, Building Massing/Architecture, Meadow Drive/Streetscape, Employee Housing, Middle Creek, Procedural Considerations, Traffic/Circulation, Loading/Delivery Service, Land Exchange Considerations - 2/17 Helipad Location and Design proposal - 3/3 Review Master Plan - final topics and decision - 3/17 Proposed future agenda items Council Action Plan Follow up: Keeping Vail in Leadership Position, Define Balanced Community, Parking & Transportation, Technology and Wayfinding Chamonix Site Planning Vail Municipal Site Redevelopment Cleanup Title 12, zoning amendments Fee Schedule Revisions Water Quality Update Bed Base Report Proposal TIF Update 1/6/2015