HomeMy WebLinkAbout2015-04-21 Agenda and Supporting Documentation Town Council Regular MeetingVAIL TOWN COUNCIL
REGULAR MEETING AGENDA
VAIL TOWN COUNCIL CHAMBERS
75 S. Frontage Road W.
Vail, CO 81657
6:00 P.M., APRIL 21, 2015
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NOTE: Times of items are approximate, subject to change, and cannot
be relied upon to determine at what time Council will consider
an item.
ITEM/TOPIC: 2015 FIS Alpine World Ski Championships Wrap Up (30
min.)
PRESENTER(S): Ceil Folz, Vail Valley Foundation
ACTION REQUESTED OF COUNCIL: Listen to the presentation, ask
questions and make a recommendation to approve or approve with
conditions the release of the final payment to the Vail Valley Foundation.
BACKGROUND: The Vail Valley Foundation is giving the final presentation
to the Vail Town Council recapping the attendance, demographics of
spectators, television exposure, marketing and PR exposure, occupancy
rates, and value received for expenditures by the Town of Vail to the 2015
FIS Alpine World Ski Championships.
2. ITEM/TOPIC: Citizen Participation (10 min. )
3. ITEM/TOPIC: Consent Agenda:
1) Resolution No. 10, Series of 2015, A Resolution Approving an
Intergovernmental Agreement (the "IGA") Between the Town of Vail and the
Eagle River Water and Sanitation District (the "District") for the Covered
Bridge Project; and Setting Forth Details in Regard Thereto
2) Minutes from March 3, 2015
3) Minutes from March 17, 2015 (5 min. )
4. ITEM/TOPIC: Appointment to Design Review Board (DRB) (5 min. )
PRESENTER(S): Patty McKenny, Town Clerk
ACTION REQUESTED OF COUNCIL: Town Council to make final
appointment of candidate to serve as fifth member on the Design Review
Board.
5. ITEM/TOPIC: Any Action as a Result of Executive Session (5 min. )
BACKGROUND: This agenda item has been added to the regular meeting
agenda in order to allow for any official action required as a result of the
executive session.
6• ITEM/TOPIC: Town Manager's Report
1) Intermountain Fuels Reduction Project Memorandum - Vail Fire
Department (5 min. ) 4/21/2015
7. ITEM/TOPIC: Lionshead Structure Permanent Skatepark Update
Town Council is asked to consider and give direction on the three items
relating to the Lionshead Skatepark.
1.Approve the Lionshead Parking Structure proposed site as the location for
a permanent skatepark in Vail.
2.Approve an overall project budget for the construction of a permanent
skatepark of $1,550,000 to be included in the next supplemental budget.
3.Award the contract for the design portion of the Design/Build skatepark
contract to California Skateparks in the amount of $83,500. (45 min. )
PRESENTER(S): Todd Oppenheimer, Town Landscape Architect; Chad
Young, Vail Recreation District Representative; Cameron Chaney, Skatepark
Committee Member; Mike Dunlap, Skatepark Committee Member
ACTION REQUESTED OF COUNCIL: Council is requested to take action
on the three items presented.
BACKGROUND: Town Council discussed the feasibility and potential
budgets of a permanent skatepark in the proposed site of the Lionshead
Parking Structure and directed staff to continue refining preliminary
skatepark design, solicit proposals from qualified skatepark contractors and
investigate the project for ramifications related to the possibility of adding a
4th deck to the garage, in addition to any other issues that may prevent the
project from moving forward at this time.
STAFF RECOMMENDATION: Staff recommends Council approve the three
items as presented.
8. ITEM/TOPIC: 2014 Year-end Investment Report (10 min.)
PRESENTER(S): Kathleen Halloran, Finance Director
ACTION REQUESTED OF COUNCIL: No formal action requested -
informational only
BACKGROUND: Section 2-2-8 of the Town Code requires an annual
presentation of the town's investment report, which is also provided as a
written report each quarter. This agenda item is a presentation of the town's
investment report as of December 31, 2014.
STAFF RECOMMENDATION: None.
9. ITEM/TOPIC: Second Reading of Ordinance No. 5, Series 2015 an
Ordinance making budget adjustments to the Town of Vail General Fund,
Capital Projects Fund, Real Estate Transfer Tax Fund, Heavy Equipment
Fund and Timber Ridge Enterprise Fund. (10 min.)
PRESENTER(S): Kathleen Halloran, Finance Director
ACTION REQUESTED OF COUNCIL: Approve or Approve with
amendments Ordinance No. 5, Series 2015
BACKGROUND: Please 4640M& memo
STAFF RECOMMENDATION: Approve or approve with amendments
Ordinance No. 5, Series 2015
10. ITEM/TOPIC: Adjournment (8:00 pm)
4/21/2015
TOWN OF VAIN
VAIL TOWN COUNCIL AGENDA MEMO
MEETING DATE: April 21, 2015
ITEM/TOPIC: 2015 FIS Alpine World Ski Championships Wrap Up
PRESENTER(S): Ceil Folz, Vail Valley Foundation
ACTION REQUESTED OF COUNCIL: Listen to the presentation, ask questions and make a
recommendation to approve or approve with conditions the release of the final payment to the
Vail Valley Foundation.
BACKGROUND: The Vail Valley Foundation is giving the final presentation to the Vail Town
Council recapping the attendance, demographics of spectators, television exposure, marketing
and PR exposure, occupancy rates, and value received for expenditures by the Town of Vail to
the 2015 FIS Alpine World Ski Championships.
ATTACHMENTS:
TOV 2015 Wrap Up
4/21/2015
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40.1 million social media impressions since February1
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Athlete participation from 68 nations
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800 million+ viewers worldwide
More than 25 hours of domestic coverage
Record audiences in Austria, Switzerland, Germany, UK, Scandinavia and USA
Vail Resorts, USSA, Malen
PR Summer 2014 - 2015 No. of Clips: 69,209,544,862 Yantis PR, Angelika $127,227,400
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DIGITAL DISPLAY 2014-2015 16,267 clicks Avg. CTR 15.8%; Denver Post, Around the $128,043.50
8,274,351 impressions Rings, SkiOnline, Vail Daily,
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APP, WEBSITE & 2013-2015 downloads, 4 social 43.1 M total impressions developer), Mailchimp, $330,140
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112,744 SIA, Colorado Ski &
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TRADESHOWS 2015 hosted events attendees World Cup, U.S. Ski Team, $1,127.44
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Fall/Winter International Airport Design
OUT OF HOME 2014-15 digital and static 4,554,303 impressions Board, VISIT DENVER, Vail
billboards $22,771.50
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TOTAL Media Value: $167,573,894
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VAIL TOWN COUNCIL AGENDA MEMO
MEETING DATE: April 21, 2015
ITEM/TOPIC: Citizen Participation
4/21/2015
TOWN OF VAIN
Towx of vn' 1[1
VAIL TOWN COUNCIL AGENDA MEMO
MEETING DATE: April 21, 2015
ITEM/TOPIC: Consent Agenda:
1) Resolution No. 10, Series of 2015, A Resolution Approving an Intergovernmental
Agreement (the "IGA") Between the Town of Vail and the Eagle River Water and Sanitation
District (the "District") for the Covered Bridge Project; and Setting Forth Details in Regard
Thereto
2) Minutes from March 3, 2015
3) Minutes from March 17, 2015
ATTACHMENTS:
Resolution No. 10, Series of 2015
Minutes from March 3, 2015
Minutes from March 17, 2015
4/21/2015
RESOLUTION NO. 10
Series of 2015
A RESOLUTION APPROVING AN INTERGOVERNMENTAL AGREEMENT (THE "IGA") WITH THE
EAGLE RIVER WATER AND SANITATION DISTRICT (THE "DISTRICT") FOR THE COVERED BRIDGE
PROJECT; AND SETTING FORTH DETAILS IN REGARD THERETO.
WHEREAS, the Town of Vail (the "Town"), in the County of Eagle and State of Colorado is a home rule
municipal corporation duly organized and existing under the laws of the State of Colorado and the Town Charter (the
"Charter");
WHEREAS, the members of the Town Council of the Town (the "Council") have been duly elected and qualified;
WHEREAS, the District is a water and sewer District organized and existing under the Colorado Special District
Act;
WHEREAS, the District is empowered to provide water and sewer service to its customers and constituents within
and without its boundaries, within Eagle County, Colorado, on such terms and conditions as the District may decide;
WHEREAS, pursuant to § 18(2)(a) and (b), Article XIV of the Colorado Constitution and C.R.S. §§ 29-1-203 and
32-1-1001, the Parties may enter into agreements with one another to provide intergovernmental services and facilities, when
so authorized by their governing bodies;
WHEREAS, the Covered Bridge is a pedestrian bridge crossing Gore Creek and providing access to the Vail Village
located within the Town;
WHEREAS, the Parties agree that numerous repairs to the Covered Bridge are necessary and construction is
scheduled to begin on April 20, 2015 (the "Covered Bridge Project");
WHEREAS, the District agrees to make certain contributions to the cost of the Covered Bridge Project; and
WHEREAS, each of the Parties hereto has determined it to be in the best interests of their respective taxpayers,
residents, property owners, and constituents to enter into this Agreement.
NOW THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO
THAT:
Section 1. The Council hereby approves the IGA and authorizes the Town Manager to execute the IGA on
behalf of the Town in substantially the same form as attached hereto as Exhibit A and in a form approved by the Town
Attorney.
Section 2. This Resolution shall take effect immediately upon its passage.
INTRODUCED, PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of Vail held this 21St
day of April, 2014.
Andrew P. Daly, Mayor
ATTEST:
Patty McKenny, Town Clerk
Resolution No. 10, Series of 2015 4/21/2015
FYUTRIT A
INTERGOVERNMENTAL AGREEMENT FOR THE COVERED BRIDGE PROJECT
THIS INTERGOVERNMENTAL AGREEMENT (the "Agreement") is made and
entered into this day of 2015 (the "Effective Date"), by and between
EAGLE RIVER WATER AND SANITATION DISTRICT, a quasi -municipal corporation and
political subdivision of the State of Colorado, (the "District") and the TOWN OF VAIL, a
Colorado home rule municipality Colorado (the "Town") (each a 'Party" and collectively, the
'Parties").
WHEREAS, the District is a water and sewer District organized and existing under the
Colorado Special District Act;
WHEREAS, the District is empowered to provide water and sewer service to its
customers and constituents within and without its boundaries, within Eagle County, Colorado, on
such terms and conditions as the District may decide;
WHEREAS, the Town is a Colorado municipality organized and operated pursuant to its
home rule charter and Colorado law;
WHEREAS, pursuant to § 18(2)(a) and (b), Article XIV of the Colorado Constitution and
C.R.S. §§ 29-1-203 and 32-1-1001, the Parties may enter into agreements with one another to
provide intergovernmental services and facilities, when so authorized by their governing bodies;
WHEREAS, the Covered Bridge is a pedestrian bridge crossing Gore Creek and
providing access to the Vail Village located within the Town;
WHEREAS, the Parties agree that numerous repairs to the Covered Bridge are necessary
and construction is scheduled to begin on April 20, 2015 (the "Covered Bridge Project");
WHEREAS, the District agrees to make certain contributions to the cost of the repairs to
the Covered Bridge; and
WHEREAS, each of the Parties hereto has determined it to be in the best interests of their
respective taxpayers, residents, property owners, and constituents to enter into this Agreement.
NOW, THEREFORE, in consideration of the mutual performance of the covenants,
agreements, and stipulations contained herein, the sufficiency of which is hereby acknowledged,
the Parties agree as follows:
1. Cooperation. The Parties agree to cooperate in the planning, design, construction,
inspection, cost and expense sharing, administration and warrantee phases of the Project
referenced in this Agreement and to cooperate and facilitate the combined efforts including
without limitation the execution of any additional agreements, easements, and rights-of-way
necessary to implement the purposes of this Agreement.
2. Construction.
1
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IIVWS-STORAGEIDESFI&1490V�5ELIDESKTOPICOVERED BRIDGE IGA-A041515.DOC
a. Scaffolding. The District agrees to pay 25% of the scaffolding cost for the
Covered Bridge Project. The total cost of the scaffolding is estimated to be $13,775, which
includes one month of equipment rental. Additional equipment rental incurs a pro -rated monthly
fee of $875.00.
b. Removal of Plywood and Insulation. The District agrees to remove or pay the
entire cost for the removal of the existing plywood and insulation for the Covered Bridge Project.
C. Bridge Decking. The District agrees to pay 50% of the cost to remove and re-
install the bridge decking for the Covered Bridge Project. The Town agrees to have its staff
perform the removal and re -installation of the bridge decking. The total cost of the removal and
re -installation of the bridge decking is estimated to be $1,920.
d. Sandblasting. The District agrees to pay the cost of the sandblasting on the
surface of the girders affected by the existing spray -on insulation for the Covered Bridge Project.
The total cost for the sandblasting is not to exceed $21,000. The District's portion of the cost for
sandblasting will be determined by the actual hours spent on areas affected by the spray -on
insulation.
e. New Insulation. The District agrees to pay the cost of the new pipe insulation, as
well as the primer and top coat on the insulation, for the Covered Bridge Project. The cost for
the new insulation will be determined when the district provides the necessary detail.
3. Miscellaneous.
a. Notices. All notices shall be transmitted in writing and shall be deemed to have
been duly given when hand -delivered or sent by certified, U.S. mail, postage prepaid, with return
receipt requested, addressed as follows (a Party may change the address at which it receives
written notice, by notice as provided herein):
Town:
Stan Zemler, Town Manager
75 South Frontage Road
Vail, CO 81657
Eagle River Water and Sanitation District:
Linn Brooks, General Manager
846 Forest Road
Vail, CO 81657
2
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IIVWS-STORAGEIDESF1&1490V�5ELIDESKTOPICOVERED BRIDGE IGA-A041515.DOC
With a copy to:
James P. Collins, Esq.
Collins Cockrel & Cole
390 Union Boulevard, Suite 400
Denver, CO 80228-1556
b. Severability. If any provision of this Agreement is determined to be void by a
court of competent jurisdiction, such determination shall not affect any other provision hereof,
and all of the other provisions shall remain in full force and effect.
C. Integration. tion. This Agreement represents the entire agreement between the parties
hereto with respect to the subject matter hereof, and all prior or extrinsic agreements,
understandings or negotiations shall be deemed merged herein.
d. Waiver. No provision of this Agreement may be waived to any extent unless and
except to the extent the waiver is specifically set forth in a written instrument executed by the
Parry to be bound thereby.
e. Modification. This Agreement may only be modified by subsequent written
agreement of the Parties.
f. Governing Law and Venue. This Agreement shall be governed by and construed
in accordance with the laws of the State of Colorado, and venue for any legal action arising out
of this Agreement shall be in Eagle County, Colorado.
g. No Third Party Beneficiaries. No third parry is intended to or shall be a
beneficiary of this Agreement, nor shall any third party have any rights to enforce this
Agreement in any respect.
h. No Joint Venture or Partnership. No form of joint venture or partnership exists
between the Parties and nothing contained in this Agreement shall be construed as making the
Parties joint venturers or partners. In no event shall either Party or its employees or its
representatives be considered or authorized to act as employees or agents of the other Party.
i. Force Majeure. No Party shall be liable for a failure to perform as required by
this Agreement to the extent such failure to perform is caused by a reason beyond the control of
that Party or by reason of any of the following occurrences„ whether or not caused by such
Party: strikes, labor disturbances or labor disputes of any character, accidents, riots, civil
disorders or commotions, war, acts of aggression, floods, earthquakes, acts of God, explosion or
similar occurrences; provided that such Party shall exercise its best efforts to provide the best
possible alternative performance and to prevent the foregoing occurrence from obstructing full
performance. Such occurrences shall not terminate this Agreement and shall not affect this
Agreement except as provided in this Section.
i. Contingency, No Debt. Pursuant to Article X, § 20 of the Colorado Constitution,
any financial obligation of either Party under this Agreement are specifically contingent upon
annual appropriation of funds sufficient to perform such obligation. This Agreement shall never
constitute a debt or obligation of either Party within any statutory or constitutional provision.
3
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IIVWS-STORAGEIDES4l&4dgQ41AELIDESKTOPICOVERED BRIDGE IGA-A041515.DOC
j. Governmental Immunity. Nothing herein shall be construed as a waiver of any
protections or immunities either Party and its officials, representatives, attorneys and employees
may have under the Colorado Governmental Immunity Act, C.R.S. § 24-10-101, et seq., as
amended.
IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective
Date.
EAGLE RIVER WATER AND SANITATION
DISTRICT
Linn Brooks, General Manager
ATTEST:
Leslie Isom, Administration Manager
TOWN OF VAIL
Stan Zemler, Town Manager
ATTEST:
Patty McKenny, Town Clerk
4
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IIVWS-STORAGEIDESF1&1490V�5ELIDESKTOPICOVERED BRIDGE IGA-A041515.DOC
Vail Town Council Meeting Minutes
Tuesday, March 3, 2015
6:00 P.M.
Vail Town Council Chambers
The regular meeting of the Vail Town Council was called to order at approximately 6:00 P.M. by
Mayor Andy Daly.
Members present: Andy Daly, Mayor
Ludwig Kurz, Mayor Pro Tem
Jenn Bruno
Dale Bugby
Dave Chapin
Greg Moffet
Margaret Rogers
Staff members: Stan Zemler, Town Manager
Matt Mire, Town Attorney
Pam Brandmeyer, Assistant Town Manager
Patty McKenny, Town Clerk
The first item on the agenda was Citizen Participation with comments made by Jonathan
Levine, Hummers of Vail, who spoke about CDOT lighting along the 1-70 corridor and lack of
lighting in certain sections such as Dowd Junction; he asked if Vail would also make request for
lighting that worked and additional lighting at interchanges. He indicated he would track this
topic with CDOT and continue to provide Vail with updates.
The second item was on the agenda was the consent agenda as follows:
1) Minutes from February 3, 2015 meeting
Moffet moved to approve the minutes; Kurz seconded the motion and it passed unanimously.
2) Minutes from February 17, 2015 meeting
Moffet moved to approve the minutes; Kurz seconded the motion and it passed unanimously.
3) Resolution No. 7, Series of 2015, A Resolution Approving an Amended Operating Plan
and Budget of the Vail Local Marketing District, for its Fiscal Year January 1, 2015
Through December 31, 2015
Moffet moved to approve Resolution No. 7, Series of 2015, Kurz seconded the motion and it
passed unanimously. Mayor Daly noted that the supplemental budget amendment addressed
several marketing objectives presented by the Vail Local Marketing District Advisory Council. In
general, the expenditures would help them continue to meet that which was outlined in their
operation plan, such as increases in occupancy, sales tax revenues, and net promoter scores.
The third item on the agenda was recognizing the earlier executive session held during the
work session. Moffet moved to direct staff to draft an ordinance clarifying uses allowed on town
owned stream tract property.
The fourth item on the agenda Town Manager's Report as follows:
1) Vail Golf and Nordic Clubhouse Remodel Update
Town Manager Stan Zemler highlighted the next steps in the remodel of the clubhouse noting
DRB would review the application beginning in April. The Town Council would review the
Town Council Meeting Minutes of March 3, 2015
4/21/2015
Page 1
application after DRB and informed them that community input would be invited during this
entire process as there are public hearings that would be scheduled for numerous meetings.
The fifth item on the agenda was Vail Valley Medical Center Site Specific Redevelopment
Master Plan with a continuation of the public hearing process regarding the review of the
proposed Vail Valley Medical Center Site Specific Redevelopment Master Plan (VVMC MP) and
proposed amendment to the Vail Land Use Plan. The presentation focused more specifically on
the various elements of the plan such as traffic circulation, loading/delivery, building mass and
architecture, parking, potential land exchange, West Meadow Drive streetscape, South
Frontage Road improvements, etc. George Ruther, Director of Community Development,
Warren Campbell, Chief of Planning, and Tom Braun, Braun & Associates Inc., all presented
different components of the redevelopment of the VMMC and update to the master plan: Tom
Braun began with an introduction in which he once again highlighted the 13 community
objectives identified during the public process. He presented an overview of the master plan
topics such as:
✓ Procedural Considerations/Zoning — address existing zone district of US Bank building
✓ Middle Creek - reduction of negative impacts of hospital parking lot on creek
✓ Parking — ensure full compliance with parking and several solutions included use of west lot,
new surface parking, use US Bank Building, new east structure, use of employee shuttles,
bus passes and parking management
✓ Lot 10 - consider design and master plan options which include the use of Lot 10 and the
Town's municipal center site
✓ Employee Housing - Mitigate for net increase of new employees (estimated at 60); will
mitigate with a cash in lieu proposal
✓ Land Exchange - Provide opportunities for growth and expansion of the VVMC campus to
ensure the growing health care needs of the community are met
✓ Delivery and Service - Provide for adequate on site loading and delivery services which
minimizes negative impacts on the neighborhood. Special consideration should be given to
relocating this use to gain access to the VVMC Campus from the Frontage Road, proposal
is for enclosed delivery facility with no backing in or out and sized to accommodate majority
of delivery and service vehicles
✓ Traffic/Circulation/S Frontage Rd
Skip Hudson, Turnkey Consulting, presented numerous highlights about the overall analysis
of traffic and circulation related to VVMC proposed site development as follows:
1) Methodology, 2) VVMC Access & Frontage Road 1, 3) VVMC Access & Frontage Road 2,
4) town hall & VVMC access with roundabout, 5) traffic related to W. Meadow Drive and Vail
Road Intersection, 5) VVMC Deliveries on W. Meadow Drive, 6) emergency vehicle
circulation, 7) Emphasis on use of the South Frontage Road for primary access, 8) Minimize
the number of vehicle trips on West Meadow Drive; efforts to reduce an estimated 1400
vehicles per day on W. Meadow Drive and routed to new VVMC access from Frontage
Road. It is suggested the proposed roundabout on S. Frontage Road will service Evergreen
Lodge and provide U-turn movements with restricted driveway right -in and right -out turns.
✓ Massing/Arch/Meadow Drive
Russ Sedmak, Heery International, spoke about the goals and considerations when
analyzing the components of massing, architectural and relationship to West Meadow Drive.
The proposal includes a west wing expansion to include a new 4`" floor with construction to
begin this upcoming summer, and an east wing expansion to occur in the future.
Town Council Meeting Minutes of March 3, 2015 Page 2
4/21/2015
Mayor Daly asked for comments and Bugby was pleased comments given at PEC meetings
have been addressed and hopes that many of the details are fine-tuned. Public input was then
taken as follows:
Dan Reynolds, an attorney representing the Corrigan's who own a residence on W. Meadow
Drive, reiterated their concerns about 1) massing and setback of the southern expansion of
west wing and encouraged the building fagade is more suitable to the neighborhood,
2) desire that loading/delivery be removed from West Meadow Drive for safety reasons and
moved to the Frontage Road, 3) requested the town keep ownership of Lot.
Jim Lamont, Vail Homeowner's Association spoke about 1) the numerous covenants
established for the property and some related concerns, 2) concern about the flight path and
noise levels of the helicopter pad, 3) request to require snowmelt for the pedestrian ways as
it is redeveloped.
Jim Wear, attorney for VVMC, spoke about covenants and disagreed with some of the
comments made by Mr. Lamont. He detailed the timing of when the covenants were aligned
with the property, some of the deed restrictions, and the relationship of the Evergreen Lodge
property restrictions, and finally some clarification surrounding the helicopter operations.
Public input was closed at this time. Ruther then summarized some of the pending questions
and concerns related to the project and reminded the public the discussion on assurances
would occur along with a final decision about the amendments to the master plan during the
March 17 hearing. Moffet moved to continue hearing until March 17 2015 meeting; Kurz
seconded the motion and it passed unanimously.
The sixth item on the agenda was second reading of Ordinance No. 1, Series 2015, an
Ordinance amending Sections 4-1-2, 4-1-4, 4-3-1-2, and 4-3-2 of the Vail Town Code to clarify
the Business License Fees for Short -Term Rentals within the Town and Requiring that Persons
Offering Apartment Hotel, Lodging House, Guest House or Guest Ranch Lodging Services
within the Town Must Post Their Sales Tax Account Number in all Advertisements. The
Ordinance was amended to reflect an effective date of January 1, 2016. Moffet moved to
approve Ordinance No. 1 on final reading; Bugby seconded the motion and it passed
unanimously. There was no public comment on the ordinance.
The seventh item on the agenda was second reading of Ordinance No. 2, Series 2015, an
ordinance adopting Chapter 13 of Title 5 of the Vail Town Code establishing disposable bag
requirements, including a disposable paper bag fee and providing for the collection and
designation of such fee. Kristen Bertuglia, Environmental Sustainability Manager, noted Council
approved the ordinance on first reading on February 17, 2015, which sets forth Phase 1 of the
Town's Kick the Bag Habit Program prohibiting grocers from providing single use disposable
plastic carryout bags at the point of sale, and requires a fee of $0.10 be applied to single use
paper carryout bags. It was noted that Phase 2 of Ordinance No. 2 will apply to all retail stores
within town boundaries. The details of the ordinance were outlined in the council memo and
summarized as follows:
1. A phased approach in which the policy would apply to grocery stores in year one and all
retail stores in year two
2. A ban on single use disposable plastic bags
3. A $0.10 fee on paper bags
4. A fully defined and environmental use for the portion of the $0.10 fee that is retained by the
Town of Vail
Town Council Meeting Minutes of March 3, 2015 Page 3
4/21/2015
5. A reduction in the percentage of fee allowable for retention by the grocery stores over time
6. A fully supported program in which the Town provides education, outreach, and reusable
bags
7. A Phase 1 effective date of August 1, 2015
8. A Phase 2 effective date of August 1, 2016
Further comments were made regarding studies conducted by governments that reflect support
of banning use of plastics as single use items and the most common question to them is "what
is the town doing about plastic bags". Mayor Daly asked for public input at this time and several
community members were present with input as follows:
Dick Cleveland, resident, spoke in support of the legislation because the quality of the bags
has become so thin they are useless to even use a second time.
Brian Rordine, VRI, thanked town staff for efforts in drafting the program and legislation and
spoke in support of the legislation and noted the many studies completed that spoke to the
effort as creating a more sustainable environment.
Bart Longworth, resident, and community member who sees the waste and detriment in the
use of these bags, often times hearing feedback that supports the legislation
Shawn Nuckman, resident, highlighted there is great community support of the legislation.
Council comments were also given at this time:
Bruno noted her support in doing the "right" thing and preferred placing a fee on plastic and
not a ban on bags; she continue to emphasize that paper is as detrimental to the
environment.
Rogers moved to approve Ordinance No 2 on second reading, Series of 2015; Kurz seconded
the motion. Further comments were made:
Bugby commented on his concerns about imposing the fee, calling it a tax, but wanted to
support the ban on plastic; he spoke about not collecting the fee in full but rather sharing it
with the stores.
Chapin shared that he is still uncomfortable with the proposed fee but supports the fact that
it is a phased program. He requested a review of the costs of an educational outreach
program.
Moffet expressed his concerns for the record for several reasons 1) the fee imposed and
suggested that at the very least the town should retain the money and purchase recycling
bags to give to guests, 2) his opposition to "raising our conscious" by legislation, 3) not
convinced that this effort reduces carbon footprint, and 4) the need for more time to identify
unintended consequences because he thinks there are many.
Kurz supported the legislation and while it is not perfect, the town must move forward with
this step.
Daly thinks this legislation is a start in the right direction and suggested further review of
implementation in case additional changes would be needed; he noted that you can't always
draft the perfect ordinance.
Town Council Meeting Minutes of March 3, 2015
4/21/2015
Page 4
The motion to approve Ordinance No. 2 was voted upon and passed (4-3; Bruno, Bugby, Moffet
- opposed).
The eighth item on the agenda was First reading of Ordinance No. 3, Series of 2015, An
Ordinance Amending Sections 3-3-2 and 3-3-3- of the 3/3/2015 Vail Town Code to reduce the
Minimum Required Number of Arts Board Members from Nine to Seven. Molly Eppard, Art in
Public Places Coordinator, Matt Mire, Town Attorney presented a proposal to reduce the
umber of members serving on the Vail Arts Board as outlined in the council packet memo.
Rogers spoke on behalf of her involvement as a non voting member for 10 years and the notion
that "more voices is not necessarily better"; she supported the ordinance because reducing the
size is more consistent with other town boards and this would possibly help with finding more
people who will be more dedicated. Moffet moved to approve Ordinance No. 3; Rogers
seconded the motion. Mayor Daly asked for public input and none was given. The motion was
approved unanimously (7-0).
The ninth item on the agenda was adjournment. There being no further business to come
before the council, Moffet moved to adjourn the meeting and Bugby seconded the motion which
passed unanimously, (7-0) and the meeting adjourned 8:25 p.m.
Respectfully Submitted,
Attest:
Andrew P. Daly, Mayor
Patty McKenny, Town Clerk
Town Council Meeting Minutes of March 3, 2015 Page 5
4/21/2015
Vail Town Council Meeting Minutes
Tuesday, March 17, 2015
6:00 P.M.
Vail Town Council Chambers
The regular meeting of the Vail Town Council was called to order at approximately 6:00 P.M. by
Mayor Andy Daly.
Members present: Andy Daly, Mayor
Ludwig Kurz, Mayor Pro Tem
Jenn Bruno
Dale Bugby
Dave Chapin
Margaret Rogers
Member absent: Greg Moffet
Staff members present: Matt Mire, Town Attorney
Pam Brandmeyer, Assistant Town Manager
Patty McKenny, Town Clerk
Mayor Daly acknowledged Pam Brandmeyer's 35 years of service thanking her for all she has
done for the town throughout her career and with an estimated 700 council meetings she has
attended. The audience also expressed their appreciation with a standing ovation.
The first item on the agenda was Citizen Participation and no comments were heard at this
time.
The second item was on the agenda was the consent agenda as follows:
1) Resolution No. 8, Series of 2015, A Resolution Authoring the Town of Vail to Grant a
Utility/Access Easement to Holy Cross Energy; and Setting Forth Details in Regard Thereto
- Chad Salli
Kurz moved to approve Resolution No 8; Bugby seconded the motion and it passed
unanimously (6-0).
2) 2015 Vail Crack Seal Contract Award
Bugby moved to authorize the Town Manager to enter into an agreement with Superior Asphalt,
LC to complete the 2015 Vail Crack Seal project in an amount not to exceed $165,480; Kurz
seconded the motion and it passed unanimously (6-0).
The third item on the agenda was recognizing the earlier executive session held during the
work session. There were no follow-up actions to the executive session.
The fourth item on the agenda was the Town Manager's Report and there was nothing further
provided at this time.
The fifth item on the agenda was consideration of Resolutions Nos. 3 & 4, Series of 2015,
which have been drafted to facilitate the adoption of the Vail Valley Medical Center Site Specific
Redevelopment Master Plan. The Vail Town Council was being asked to approve the two
resolutions as drafted, and if approved, a new redevelopment master plan would be adopted for
the VVMC campus and the Vail Land Use Plan would be amended to incorporate the master
Town Council Meeting Minutes of March 17, 2015 Page 1
4/21/2015
plan into the town's comprehensive planning documents. It was noted the master plan would be
used by the applicant and the town to guide future development decisions for the VVMC
campus. Mayor Daly noted that public input would be taken and this hearing was the 4th one on
this topic. George Ruther, Director of Community Development, noted some highlights about
the project and the process:
✓ VVMC Master Plan was completed in order to help guide them through redevelopment of
the campus
✓ The action taken this evening is NOT approval of the development application
✓ The development application would be submitted to the Planning and Environmental
Commission in the near future for their review
✓ The role of master plan is to ensure that the 13 development objectives are met as they
were outlined by the Town of Vail
✓ The VVMC Master Plan is used as a 5 to 7 year planning document
✓ A summary of the historical review process was given
✓ The proposal begs the question of "does the master plan meet the criteria of the town's
master planning process as described in Vail's Land Use Plan?
✓ PEC unanimously approved the recommendation for approval with regard to the adoption of
Resolution No. 3, Series of 2015, A Resolution adopting the Vail Valley Medical Center Site
Specific Redevelopment Master Plan dated Mach 17, 2015 as an Official Element of the Vail
Land Use Plan and as a valid Planning Document to be used to guide redevelopment and
growth in the Vail Valley Medical Center Site Specific Redevelopment Master Plan Study
Area Boundaries, and setting forth details in regard thereto and Resolution No. 4, Series of
2015, A Resolution amending a certain section of the Vail Land Use Plan to allow for the
addition of the Vail Valley Medical Center Site Specific Redevelopment Master Plan Land
Use Category, and Amendments to Vail Land Use Plan Map, and setting forth details in
regard thereto.
Tom Braun, Braun & Associates Inc., addressed a number of items raised at previous meetings
(March 3 hearing) related to Middle Creek, loading/delivery facility design considerations, West
Meadow Drive traffic/East Wing - parking management, and Design, Architecture, Massing on
Meadow Drive and emergency traffic in relation to Meadow Drive (emergency vehicles will
continue to use this road). A master plan overview was presented noting changes to the
helipad chapter and one final review of the 13 town objectives. Doris Kirchner, VVMC CEO,
made some closing remarks with a reminder about their mission and vision and future of their
health care campus to offer the highest quality of services to the community. Mayor Daly asked
for input at this time with several comments from the public:
Mery Lapin, resident, thanked Pam Brandmeyer for her years of service and then expressed
his concerns about the VVMC redevelopment as follows, 1) financial solvency of the VVMC
and its status as a non profit organization yet it operates as a private business, 2) a
transparent timeline and need to ensure deadlines are met, 3) does the campus have enough
land and room for final build out, 4) height of new helipad, 5) that Lot 10 remained town
owned. He also thanked VVMC staff and particularly Doris for her efforts and interactions with
the community about this expansion.
Michael Cacioppo inquired as to the timeframe allowed to other vs. him for public input. He
asked some questions and expressed concerns about the financial parameters the VVMC
operates under, expenditures of the hospital and the height of the helipad structure.
Ron Snow, resident, continued to express his concerns about the impacts on the
neighborhood, the safety concerns related to the helipad location and flight paths.
Town Council Meeting Minutes of March 17, 2015
4/21/2015
Page 2
Jim Lamont, Vail Homeowners Association, suggested calling the question and prefers to
move forward on this topic. He also thanked Pam Brandmeyer for all her personal care and
efforts into the Vail community, suggesting she has been the "mother to this community". He
moved to thanking Community Development Director George Ruther for his team's
deliberative review process of this matter and he should be highly commended. And finally he
gave accolades to Doris Kirchner, VVMC, who caused the beginnings of the dialogue to occur
between the hospital and the neighborhood, and he noted that she is to be commended as
she has heard the input, and while may not agree, there is at the very least communication
occurring.
Further questions and comments were made about the helipad, flight paths, FAA requirements
to monitor the helipad, (which would not be imposed because of the private ownership of the
business), and the ability to require detailed operating records.
Rogers moved to approve Resolution No. 3, Series of 2015, adopting the Vail Valley Medical
Center Site Specific Redevelopment Master Plan, to establish a comprehensive redevelopment
plan for the Vail Valley Medical Center, Lot 10 (Town of Vail parking lot), and US Bank Building,
located at 181 and 281 West Meadow Drive and 108 South Frontage Road West/ Lots E, F, and
10 Vail Village Filing 2, and Lot D-2, A Resubdivision of Lot D, Vail Village Filing 2, and setting
forth details in regard thereto, and further noted that based upon the review of the criteria
outlined in Section VI of the Staff memorandum to the Planning and Environmental Commission
dated January 26, 2015, and the evidence and testimony presented, the Vail Town Council
finds:
1. That the Vail Valley Medical Center Site Specific Redevelopment Master Plan was
developed through extensive participation by the public and Planning and Environmental
Commission; and
2. That the Vail Valley Medical Center Site Specific Redevelopment Master Plan is a reflection
of the goals, desires, and objectives of the citizens of the Town of Vail for the long term
planning of the development of the Vail Valley Medical Center campus; and
3. That the VVMC has developed the Vail Valley Medical Center Site Specific Redevelopment
Master Plan in conjunction with the Town of Vail in order to ensure the ability to provide for
the long term growth of the healthcare facility; and
4. That the relocation of the emergency helipad to an on-site location has been thoroughly
reviewed by qualified experts and has been found to meet or exceed prescribed FAA
regulations and meet the long term emergency healthcare needs of the community;
5. That the Vail Valley Medical Center Site Specific Redevelopment Master Plan is consistent
with the adopted goals, objectives and policies outlined in the Vail comprehensive plan and
advances the development objectives of the town; and
6. That the Vail Valley Medical Center Site Specific Redevelopment Master Plan is compatible
with and suitable to adjacent uses and appropriate for the surrounding areas; and
7. That the Vail Valley Medical Center Site Specific Redevelopment Master Plan promotes the
health, safety, morals, and general welfare of the town and promotes the coordinated and
harmonious development of the town in a manner that conserves and enhances its natural
environment and its established character as a resort and residential community of the
highest quality."
Kurz seconded the motion. Bugby agreed the distance between the helipad and the
neighborhood was minimal, but believes placing the location at the hospital campus is better
than its current location on public lands, and in addition supported VVMC taking control and
ownership of their own parking needs. Mayor Daly requested a couple of amendments be
made to the VVMC Master Plan which would address the preparation of an emergency
Town Council Meeting Minutes of March 17, 2015 Page 3
4/21/2015
management plan for the helipad in cooperation with VFD and VPD and that VVMC
contractually obligate their air ambulance flight service to flying within the assigned flight path
limits, weather permitting. Rogers: amended her motion to include changes suggested by
Mayor Daly; Kurz seconded the amended motion and it was approved unanimously (6-0).
Rogers moved to approve Resolution No. 4, Series of 2015, adopting amendments to the Vail
Land Use Plan, pursuant to Section 8-3, Amendment Process, Vail Land Use Plan, to establish
the Vail Valley Medical Center Site Specific Redevelopment Master Plan land use category and
change the land use designation for the four properties contained within the study area
boundaries of the Vail Valley Medical Center Master Plan from Transition to the Vail Valley
Medical Center Site Specific Redevelopment Master Plan area, located at 181 and 281 West
Meadow Drive and 108 South Frontage Road West/ Lots E, F, and 10 Vail Village Filing 2, and
Lot D-2, A Resubdivision of Lot D Vail Village Filing 2, and setting forth details in regard thereto,
further noting the Vail Town Council finds that the conditions of the Town and the Vail Valley
Medical Center campus have changed since the adoption of the Vail Land Use Plan.
Specifically, the Council finds that the Vail Valley Medical Center Site Specific Redevelopment
Master Plan needs to be identified as the guiding document for properties within the study area
boundaries. Further, the proposed amendments are in concert with the plan in general as the
amendments will help to articulate the land use goals of the Town and can be used to guide
decision making around the goals, objectives and policies outlined in the Vail Land Use Plan.
Kurz seconded the motion and it passed unanimously (6-0).
The sixth item on the agenda was second reading of Ordinance No. 3, Series of 2015, An
Ordinance Amending Sections 3-3-2 and 3-3-3- of the Vail Town Code to Reduce the Minimum
Required Number of Arts Board Members from Nine to Seven. Molly Eppard, Art in Public
Places Coordinator, and Matt Mire, Town Attorney noted there were no changes from first
reading. Rogers summarized the intent of ordinance by explaining a reduction in the number of
members may help create a more efficient board environment related to attendance and
recruitment. Rogers moved to approve Ordinance No. 3 on second reading; Bugby seconded
the motion. No public comments were made and the motion passed unanimously (6-0).
The seventh item on the agenda was first reading of Ordinance No. 4, Series of 2015 An
Ordinance Protecting Certain Stream Tract Property in the Town by Prohibiting the Installation
or Maintenance of Private Improvements on Such Property. Matt Mire, Town Attorney noted
that over the course of time, private improvements such as landscaping, patios and other
improvements from properties adjacent to stream tracts have been constructed and maintained
within the Town's riparian areas without permission or authorization from the Town. This
legislation drafted helps the Town's authority to regulate for the public health, safety and welfare
as it applies to the certain stream tracts that are town owned and should be used solely and
exclusively as natural open space, and that private improvements or encroachments of any kind
are prohibited in these areas without the prior written authorization of the Town Council. Rogers
moved to approve Ordinance No. 4 on first reading; Kurz seconded the motion. Bugby
presented his opinion that the legislation is a reaction on current litigation that should be
handled prior to the town' addressing the topic. There was no other public input and the motion
was approved (5-1).
The eighth item on the agenda was the appointment of new members to the Planning and
Environmental Commission (PEC) and the Art in Public Places Board (AIPP). Town Clerk Patty
McKenny explained that appointments would not be made to the Design Review Board since no
letters of interest were received; it was noted that another public notice posting has been made
Town Council Meeting Minutes of March 17, 2015 Page 4
4/21/2015
for the DRB position. Kurz moved to appoint to Brian Gillette, Kirk Hansen, and JohnRyan
Lockman to PEC and Michael Kurz to AIPP. Rogers seconded the appointments which passed
unanimously (6-0).
The ninth item on the agenda was adjournment. There being no further business to come
before the council; Kurz moved to adjourn the meeting and Bugby seconded the motion which
passed unanimously, (6-0) and the meeting adjourned 7:45 p.m.
Respectfully Submitted,
Attest:
Andrew P. Daly, Mayor
Patty McKenny, Town Clerk
Town Council Meeting Minutes of March 17, 2015 Page 5
4/21/2015
TOWN OF VAIN
VAIL TOWN COUNCIL AGENDA MEMO
MEETING DATE: April 21, 2015
ITEM/TOPIC: Appointment to Design Review Board (DRB)
PRESENTER(S): Patty McKenny, Town Clerk
ACTION REQUESTED OF COUNCIL: Town Council to make final appointment of candidate
to serve as fifth member on the Design Review Board.
ATTACHMENTS:
Memo Design Review Board Appointment
4/21/2015
TOWN OF
Memorandum
To: Mayor and Town Council
From: Patty McKenny, Town Clerk
Date: April 15, 2015
Subject: Interview and final appointment to Design Review Board
Town Council will have an opportunity to interview and appoint the fifth member to the Design Review
Board during the April 21 work session and evening meeting. The term for the appointment to this
board is two years, April 1, 2015 through March 31, 2017.
There was one letter of interest received from Peter Cope who is interested in serving on the DRB in
the final vacant position. Please find attached Mr. Cope's email of interest and background
information; he has met both requirements of residency and voter registration. Duties of the five -
member DRB include reviewing the design of new structures, remodels, sign requests, landscaping
plans and other architectural and aesthetic matters. The term of each new appointment begins on April
1, 2015 and expires on March 31, 2017 (two year terms). Current members include Bill Pierce, Chair,
Rollie Kjesbo, Co -Chair, Andrew Forsti, and Doug Cahill.
Attachment:
■ Letter of interest and background
4/21/2015
Patty McKenny
From: Cope <vandiemeninc@gmail.com>
Sent: Tuesday, April 07, 2015 11:29 AM
To: Patty McKenny
Subject: Re: DRB vacancy
Thank you for your consideration
Can you keep me informed Re: next submittal deadline
Sent from my iPhone
On Apr 7, 2015, at 10:16 AM, Patty McKenny <PMcKennv@vaileov.com> wrote:
Thank you for that information. We will review the vacancy information this evening with Town Council
and let you know.
Patty McKenny
Town Clerk
pmckenny()vailgov.com
479-2136
From: Warren Campbell
Sent: Thursday, April 02, 2015 2:20 PM
To: 'vandiemeninc@gmail.com'
Cc: Patty McKenny
Subject: DRB vacancy
Patty,
Attached to this email is Peter Cope a resident of Vail who is interested in serving on the DRB. I spoke
with him and informed him that the deadline was last Monday at 5:00 for next week's DRB interviews. I
thought we would be advertising the open position we are trying to fill as early as next week with a new
deadline for submittal of a letter of interest. Please keep him informed of the next submittal deadline
for being considered for appointment to the DRB.
Thanks.
Warren Campbell
Chief of Planning
Community Development Department
<image001 Jpg>
970.479.2148
Communitv Development Surve
vailgov.com
twitter.com/vailgov
<image002 Jpg:>
4/21/2015
VAN DIEMEN INC.
Box 1832
VAIL CO 81657
Peter Cope. (970) 390-21o6 vandiemeninc@gmail.com
Background; Born Ulverstone, Tasmania Australia 1961
Apprenticed 4 years Ulverstone Council [now Central Coast Council] budding/carpentry
Attended Devonport Technical College 24 weeks during first 3 years, completed additional
drafting courses and graduated. Acted as Clerk of Works on several civil projects during this
period.
Worked on commercial construction projects in Sydney, NSW. Rockhampton, Queensland.
Traveled to NZ, USA, UK, Europe. Wintered in Breckenridge 1983, Chamonix France
1984-85
Vail winters 85-94 Summers Martha's Vineyard, Lived in Makawao Maui Hi. 94-98
Competed World Pro Mogul Tour 1988-1992• Married Australia 1993•
Live in intermountain with wife Kenya and 3 children .1 Senior at Battle Mountain,
19th grade VSSA 12nd grade Red Sandstone Elementary.
Started Van Diemen Inc. in 1998 a general contracting Company and have been working in
the Valley continuously since including new residential construction ,re -models and civil work
Designed, drafted and constructed the home where we currently live at 283o Basingdale
Blvd.
Completed many projects for T.O.V including the removal and replacement of bridges
# 11 and 17 at Vail Golf course.
Having been involved with the construction and building industry throughout my adult life
and as a contractor here in Vail , I believe I could be an asset going forward in the capacity of
a Design review member. I have always been keenly interested in the design aspects of the
building industry and feel my background well suits this endeavor.
Sincerely, Peter. A. Cope
4/21/2015
TOWN OF VAIN
VAIL TOWN COUNCIL AGENDA MEMO
MEETING DATE: April 21, 2015
ITEM/TOPIC: Any Action as a Result of Executive Session
BACKGROUND: This agenda item has been added to the regular meeting agenda in order
to allow for any official action required as a result of the executive session.
4/21/2015
Towx of vn' 1[1
VAIL TOWN COUNCIL AGENDA MEMO
MEETING DATE: April 21, 2015
ITEM/TOPIC: Town Manager's Report
1) Intermountain Fuels Reduction Project Memorandum - Vail Fire Department
ATTACHMENTS:
Intermountain Fuels Reduction Project
4/21/2015
i
TOWN OF
Memorandum
To:
From:
Date:
Subject
Vail Town Council
Mark Novak, Fire Chief
March 31, 2015
Intermountain Fuels Reduction Project
PURPOSE
The purpose of this item is to present a briefing on the proposed Intermountain Fuels
Reduction Project.
BACKGROUND
The forested area to the west and south of Town of Vail (TOV) municipal limits have
been identified in both the Eagle County Community Wildfire Protection Plan(CWPP)
and the Vail Fire and Emergency Services (VFES) Wildfire White Paper as being an
area of high wildland fire hazard. This area is boarded by the densely populated
Highland Woods and Intermountain neighborhoods creating a significant wildland Urban
Interface (WUI). In many places the hazards associated with the WUI are exacerbated
by the potential difficulties of access and egress due to the fact that some of these
neighborhoods have one way in and one way out roads. Some forest management
projects have been completed in this area in recent years. Between 2009 and 2011 a
significant project was completed creating a buffer along the wooded perimeter of the
Intermountain and Highland Woods neighborhoods.
This area of concern was affected by a widespread mountain pine beetle outbreak
which resulted in localized moderate to high tree mortality. While the mountain pine
beetle is no longer active in this area the trees killed during the outbreak will continue to
be a potential problem for decades to come. As these dead trees begin to fall they will
increase the surface fuel loads. This increased fuel load could support a high intensity
fire that could have potentially devastating consequences both the environmentally and
economically. At the prompting of the Town of Vail and Eagle County the USFS has
proposed a project that will expand the depth of the existing fuel breaks, providing
greater resiliency of the forested landscape and potentially reduce the negative impacts
of a severe fire in this area. The stated objectives of this proposed project are to: modify
fire behavior, reduce ember production, allow greater time for evacuation and improve
forest health.
4/21/2015
III. PROPOSED PROJECT ACTIVITIES
The United States Forest Service, White River National Forest (USFS) proposes to
complete a National Environmental Policy Act (NEPA) analysis for a potential fuels
reduction project which includes 316 acres to the south and west of the Highland
Woods and Intermountain neighborhoods. The NEPA analysis would consider a wide
range of treatment types, which include: helicopter logging, hand thin/pile burn and lop
and scatter with subsequent prescribed fire. The treatment would be limited to individual
tree removal in areas with a know landslide hazard.
The NEPA analysis would commence as early as spring of 2015 with the possibility of
implementation of treatments as early as spring or summer of 2016.
While the USFS has agreed to pay for the NEPA analysis, it is unknown what level of
support they will provide for implementation costs. The cost of the NEPA analysis is
projected to be $250,000. It is likely that the USFS will not have the resources to fund a
significant portion of the implementation costs and will look to the TOV and Vail Resorts
to fund a significant portion of the treatment costs. If the entire project area was treated,
projects costs could be as high as $ 2.8 million; however it is estimated that not all 316
acres will be treated and that implementation costs will be substantially less.
It is possible that some implementation could be paid for through various grant sources.
Additionally the VFES, Wildfire Mitigation Crew could be used on some portions of the
project.
V. ACTION REQUESTED
No Town Council action is requested at this time.
VI. ATTACHMENTS
A. Project area map
Town of Vail 4/21/2015 Page 2
TOWN OF VAIN
VAIL TOWN COUNCIL AGENDA MEMO
MEETING DATE: April 21, 2015
ITEM/TOPIC: Lionshead Structure Permanent Skatepark Update
Town Council is asked to consider and give direction on the three items relating to the
Lionshead Skatepark.
1.Approve the Lionshead Parking Structure proposed site as the location for a permanent
skatepark in Vail.
2.Approve an overall project budget for the construction of a permanent skatepark of
$1,550,000 to be included in the next supplemental budget.
3.Award the contract for the design portion of the Design/Build skatepark contract to California
Skateparks in the amount of $83,500.
PRESENTER(S): Todd Oppenheimer, Town Landscape Architect; Chad Young, Vail
Recreation District Representative; Cameron Chaney, Skatepark Committee Member; Mike
Dunlap, Skatepark Committee Member
ACTION REQUESTED OF COUNCIL: Council is requested to take action on the three items
presented.
BACKGROUND: Town Council discussed the feasibility and potential budgets of a
permanent skatepark in the proposed site of the Lionshead Parking Structure and directed
staff to continue refining preliminary skatepark design, solicit proposals from qualified
skatepark contractors and investigate the project for ramifications related to the possibility of
adding a 4th deck to the garage, in addition to any other issues that may prevent the project
from moving forward at this time.
STAFF RECOMMENDATION: Staff recommends Council approve the three items as
presented.
ATTACHMENTS:
Memorandum
Presentation
4/21/2015
0
rowN of vain
Memorandum
To: Vail Town Council
From: Department of Public Works
Date: April 21, 2015
Subject: Lionshead Structure Permanent Skatepark — Council Request
INTRODUCTION
The purpose of this discussion is to request approval from the Town Council on 3 items
concerning the design and construction of a permanent skatepark in the gap between the north
and south sides of the Lionshead Parking Structure (the proposed site). The 3 items are as
follows:
1. Approve the Lionshead Parking Structure proposed site as the location for a
permanent skatepark in Vail.
2. Approve an overall project budget for the construction of a permanent skatepark of
$1,550,000 to be included in the next supplemental budget.
3. Award the contract for the design portion of the Design/Build skatepark contract to
California Skateparks in the amount of $83,500.
II. BACKGROUND
As discussed previously with the Town Council, the existing temporary skatepark structures
have reached the end of their life cycle. The replacement of the temporary structures is
currently funded in the 2015 RETT Capital Budget for $260K. The annual cost to set up and
take down the temporary ramps is approximately $30K. The Town of Vail has sought to identify
a location for a permanent skatepark for a decade or more. Each attempt at finding that site has
come up short for a variety of reasons. The potential of the previously overlooked site in the
proposed location, the gap between the north and south ramps of the Lionshead Parking
Structure, came about by some out-of-the-box thinking by Chad Young and Cameron Chaney.
On November 18, 2014 the Town Council discussed the feasibility and potential budgets of a
permanent skatepark in the proposed site of the Lionshead Parking Structure. Staff referred to
a preliminary budget of $1.5M for the design and engineering of the skatepark and related site
work and improvements. Council directed staff to continue refining preliminary skatepark
design, solicit proposals from qualified skatepark contractors and investigate the project for
ramifications related to the possibility of adding a 4t" deck to the garage, in addition to any other
issues that may prevent the project from moving forward at this time. Staff, working with Martin
and Martin, 4240 Architects, and Shaner Life Safety, has performed an initial structural, building
code and life safety analysis of the proposed project. To date, no issues have been found that
would prevent the skatepark project from moving forward. Following is additional detail
regarding each of the 3 requests being made to the Council.
III. SITE SELECTION
One might think that the proposal to construct a skatepark in the proposed site in the Lionshead
Parking Structure is simply settling for an inadequate site just to have the skatepark
somewhere. This is not the case. The visionary, out-of—the-box thinking that led to this
4/21/2015
proposal identified the jewel that was right under our collective noses all the time. What the
proposed site may lack in size it more than makes up in quality of experience and aesthetic
character. Skateparks have been built all over the world in wide expanses of community parks
and within the tight confines of highway underpasses and pockets of unused urban land. The
proposed site is attractive as one of those tight spaces because of its relationship with the
building that surrounds it. Skateboarding is very much a spectator sport and the surrounding
parking decks and stair tower walkways offer outstanding viewing opportunities. It also offers
unique opportunities for integrated public art within the skatepark surfaces and surrounding
building walls. From the original design layout by Cameron Chaney with subsequent
refinements by American Ramp and the six companies that submitted proposals for the
design/build contract, including California Skateparks, the response to the unique characteristics
and opportunities the Lionshead proposed site offers to skaters has been overwhelming.
California Skateparks has suggested the town consider the expansion of the site to include the
smaller space between one of the stair towers and traffic circulation ramps. This space could
provide a "mini -ramp" for the youngest and least experienced skaters to learn basic skills before
moving into the larger skatepark.
Located in the center of Lionshead Parking Structure provides this site with several advantages
over a site in an outlying park area. Concrete skateparks are not inherently noisy but any sound
generated will be absorbed by the walls and distance to the outside of the structure. Dark sky
compliant lighting, to allow use into the evening hours, will never reach the beyond the
immediate area of the skatepark. User parking, which there is plenty of through most of the
summer, is immediately available to skaters and parents. Additionally, the location gives users
convenient access to the Vail and ECO bus systems. Vail Recreation District staffs, responsible
for day to day operations of the skatepark, are essentially on-site. There are shops and
restaurants right next door in the Lionshead commercial area.
The overall design intention for the project is to design a skatepark where every inch of the park
maximizes the experience for beginning and intermediate skateboarders with interesting
creative options for expert skateboarders or other sports, such as BMX bikes and Razor
scooters. The small site lends itself to a skatepark that is focused with flowing transitions and
creative transfer options and basic street features. That translates to this being a fun park to
skate for beginners, intermediate and experienced skaters. Skaters, individuals and families,
will come to Vail to skate this park.
It has been suggested by members of the Skatepark Committee and California Skateparks that
the Town considers installing a snowmelt system in the skatepark to allow year round use of the
facility. Currently, there is insufficient excess capacity in the existing boiler systems within the
Lionshead Parking Structure to snowmelt the skatepark area. However, there is space in the
boiler room below the Lionshead Transit Center for an additional boiler and the design of
streetscape improvements for East Lionshead Circle may identify the need for additional boiler
capacity in the future. If the Council is interested in including a snowmelt system in the
skatepark staff will provide a cost estimate and feasibility report with the request to approve the
final design and award of the construction dollars for the skatepark.
IV. PROJECT BUDGET
On November 18, 2014 staff referred to a preliminary overall budget in the range of $1.5M.
Determination of design fees and construction costs has demonstrated the preliminary estimate
to be accurate. The Council is requested to approve an overall project budget for the
construction of a permanent skatepark of $1,550,000 to be included in the next supplemental
budget. Following is a breakdown of the proposed budget.
Skatepark design and public process $ 83,500
General construction, site work, electrical, safety screen $ 523,670
Town of Vail 4/21/2015 Page 2
Skatepark construction per final design $ 614,350
Additional skatepark mini ramp $ 65,000
Integrated Public Art $ 50,000
Engineering and Code Analysis $ 59,380
Contingency $ 154,100
Total $1,550,000
V. DESIGNER/CONTRACTOR SELECTION
To facilitate advancement of the design of the skatepark and to procure the services of a
qualified design/build skatepark contractor the Town and VRD staff, working with the Skatepark
Committee, Cameron Chaney, CJ Poulin and Mike Dunlap, issued an open Request for
Qualifications (RFQ) to garner interest in the project from skatepark builders across the country
(and abroad). 11 responses to the RFQ were received and evaluated by the team. A short list
of six companies, specializing in the design and construction of skateparks, were selected to
receive a Request for Proposal (RFP) with 4 companies returning proposals for the project.
Three of these companies were interviewed by the team and California Skateparks was
selected as the company most qualified to design and construct the skatepark.
Council is requested to award the contract for the design portion of the Design/Build skatepark
contract to California Skateparks in the amount of $83,500. The balance of the contract with
California Skateparks for construction of the skatepark and related site work and improvements
will be $1,203,020. A request to award the construction portion of the contract will coincide with
the presentation of the final skatepark design following the design process.
The project design process includes involving the public with 2 community meetings to provide
input and assist with the final design of the skatepark. The design contract requires fully
engineered and documented construction plans, specifications and details for a permanent
concrete skate park and structures. All components are to be fully engineered to be safe and
durable and built to construction specifications and all applicable industry standards.
VI. SCHEDULE
California Skateparks has provided a proposed schedule for the design and construction of the
skatepark. The schedule includes approximately 90 days for public input, design, approvals,
construction documents and permitting and approximately 60 days for construction. With a
Town Council award of the design portion of a design -build contract on April 21, 2015, California
Skateparks believes a Grand Opening of the skatepark could occur the last week of October,
2015.
VII. STAFF/COMMITTEE RECOMMENDATION
Town and Vail Recreation District Staff and the Skatepark Committee recommend the Town
Council take the following actions regarding the proposed skatepark.
1. Approve the proposed site, the gap between the north and south ramps of the
Lionshead Parking Structure, as the location for a permanent skatepark in Vail.
2. Approve an overall project budget for the design and construction of a permanent
skatepark of $1,550,000 to be included in the next supplemental budget.
3. Award the contract for the design portion of the Design/Build skate park contract to
California Skateparks in the amount of $83,500 with anticipation of a future award for
construction later this summer, following final design and approval.
Town of Vail 4/21/2015 Page 3
Lionshead Skatepark Project
TOWN OF
11 9 a FMII I m
Lionshead Skatepark Project
REQUEST TO THE TOWN COUNCIL
1. Approve the location within the Lionshead Parking
Structure.
2. Approve an overall project budget of $1.55M.
3. Award the contract for the design portion to California
Skateparks in the amount of $83,500.
TOWN OF
11 91A 00811 M
Lionshead Skatepark Project
BACKGROUND
• Existing temporary skatepark structures have reached the end of
their life cycle - replacement cost $260K.
• Previous attempts to find a site have come up short.
• Previously discussed the proposed site of the Lionshead Parking
Structure.
• Council directed staff to continue refining design, solicit
proposals and investigate issues that may prevent the project
from moving forward at this time.
-ol"
APRIL 21, 2015
TOWN OF
11 91A 00811 M
Lionshead Skatepark Project
CIRCA 1980
-_- - _
CONSTRUCTION DOCUMENTS
TOWN OF
11 DO 00811 m
M
-_
_
oAk—
,r�� ... E
CIRCA 1980
-_- - _
CONSTRUCTION DOCUMENTS
TOWN OF
11 DO 00811 m
Lionshead Skatepark Project
�� _ �.: ' Via-•
LOOKING
THE GAP BETWEEEN THE NORTH AND SOUTH SIDES OF THE LIONSHEAD STRUCTURE
APPROXIMATELY 5700 SQUARE FEET
TOWN OF
11 DO 00811 m
Lionshead Skatepark Project
MINI -RAMP LOCATION BETWEEN THE STAIR TOWER AND CIRCULATION RAMP
TOWN OF
11 DO 00811 m
Lionshead Skatepark Project
11 DO 00811 m
SEVERAL ADVANTAGES TO BEING
CONTAINED WITHIN THE LIONSHEAD
PARKING STRUCTURE
• NOISE
• LIGHT
• PARKING
• ACCESS
• CONVENIENCE
TOWN OF
Lionshead Skatepark Project
POSSIBLE RED FLAGS
REVIEWED WITH NO ISSUES FOUND
GARAGE EXPANSION
LIFE SAFETY AND FIRE
LIGHTING PROBLEMS
BUILDING CODE ANALYSIS
11 DO 00811 m
NOISE PROBLEMS
VENTILATION REQUIREMENTS
SKATEPARK DESIGN
TOWN OF
Lionshead Skatepark Project
EXPOSURE
APRIL 81 2015
11 DO 00811 m
J
BY JUNE
SPACE WILL
BE ALMOST
FULLY IN
THE SUN
TOWN OF
Lionshead Skatepark Project
TOWN OF
11 9 a FMII I m
Lionshead Skatepark Project
MAXIMIZE
BEGINNERS, INTERMEDIATE
EXPERIENCED
FLOWING TRANSITIONS
CREATIVE TRANSFER
TOWN OF
11 DO 00811 m
Lionshead Skatepark Project
INTEGRATED PUBLIC ART
OPPORTUNITIES
IIJ_lit[lblill&IIilla1WE41911Lol"44Mll f_lfIL[CiRill
FEATURES. INCLUDED IN CALIFORNIA SKATEPARKS SCOPE OF WORK
2. ARTISTIC ELEMENTS SELECTED AN COMMISSIONED BY AIPP BOARD
TOWN OF
11 DO 00811 m
Lionshead Skatepark Project
INTEGRATED CONCRETE PATTERNS AND
COLORS
11 DO 00811 m
N
TOWN OF VAIL
Lionshead Skatepark Project
INTEGRATED ARTISITIC ELEMENTS
11 DO 00811 m
TOWN OF
Lionshead Skatepark Project
PROJECT BUDGET
Skatepark design and
public process
$
83,500
General construction,
site work, electrical, safety screen
$
523,670
Skatepark construction per final design $ 614,350
Additional skatepark mini ramp $ 65,000
Integrated Public Art $ 50,000
Engineering and Code Analysis $ 59,380
Contingency 154,100
Total $1,550,000
TOWN OF
11 91A 00811 N
Lionshead Skatepark Project
CONTRACTOR SELECTION
PROCESS FOR SELECTION OF A DESIGN/BUILD CONTRACTOR:
• ISSUED OPEN REQUEST FOR QUALIFICATIONS WITH 11 RESPONDING
• ISSUED A REQUEST FOR PROPOSAL TO 6 COMPANIES WITH 4
RESPONDING
• CONDUCTED INTERVIEWS WITH 4 COMPANIES
• MADE REFERENCE CHECKS, REVIEWED AND EVALUATED RESPONSES
AND APPROACH OF EACH COMPANY
TOWN OF
11 DO 00811 m
Lionshead Skatepark Project
CONTRACTOR SELECTION
CALIFORNIA SKATEPARKS, UPLAND, CA IS RECOMMENDED FOR THE
DESIGN/BUILD CONTRACT AWARD
COUNCIL IS REQUESTED TO AWARD THE DESIGN PORTION OF THE
DESIGN/BUILD CONTRACT IN THE AMOUNT OF $83,500.
CONSTRUCTION REQUEST WILL FOLLOW IN THE AMOUNT OF $1,203,020.
TOWN OF
11 DO 00811 m
Lionshead Skatepark Project
SCHEDULE
DESIGN AND APPROVALS MAY - JULY 2015
CONSTRUCTION AUGUST -OCTOBER 2015
TOWN OF
11 DO 00811 m
Lionshead Skatepark Project
STAFF/COMMITTEE
RECOMMENDATION
1. Approve the proposed site in the Lionshead Parking Structure.
2. Approve an overall project budget in the amount of $1,550,000.
3. Award the contract for the design portion of the Design/Build skate park
contract to California Skateparks in the amount of $83,500.
TOWN OF
11 91A 00811 N
Lionshead Skatepark Project
QUESTIONS?
TOWN OF
11 DO 00811 m
TOWN OF VAIN
VAIL TOWN COUNCIL AGENDA MEMO
MEETING DATE: April 21, 2015
ITEM/TOPIC: 2014 Year-end Investment Report
PRESENTER(S): Kathleen Halloran, Finance Director
ACTION REQUESTED OF COUNCIL: No formal action requested - informational only
BACKGROUND: Section 2-2-8 of the Town Code requires an annual presentation of the
town's investment report, which is also provided as a written report each quarter. This agenda
item is a presentation of the town's investment report as of December 31, 2014.
STAFF RECOMMENDATION: None.
ATTACHMENTS:
Invest presentation
Invest wk sht
4/21/2015
2014 Investment Report
TOWN OF HAIL
11 91A FPO] I N
Policy Objectives
1. Safety
2. Liquidity
3. Yield
Town of Vail I Finance 1 4/21/2015
4/21/2015
Yield
Treasury yields improved
year over year in the 6 month 2.00%
to 2 year maturities, but
1.50%
declined otherwise.
1.00%
The Federal Reserve
continued its low interest rate 0.50%
policy
Town of Vail I Finance 1 4/21/2015
11 FPA W81 I N
0.00%
TREASURY YIELDS
3 mo 6 mo 1 yr 2 yr
N==kb11M
2013 .07% .10% .13% .38%
2014 .04% .12% .25% .67%
5 yr
1.75%
1.65%
3
k -1
Town of Vail Results
Town's average yield dipped
in Q2 then recovered in Q3
through Q4
1 year Treasury fluctuated
somewhat but remained low
all year until Q4
By year-end, the spread
between the TOV yield and
the benchmark widened to 46
basis points
1.20%
1.00%
0.80%
0.60%
0.40%
0.20%
0.00%
YIELD COMPARISON
Q1
1 Yr Treasury
Town of Vail
Town of Vail I Finance 1 4/15/2014
4/21/2015
Q2 Q3
i
.13% .11%
.75% .68%
Q4
13% .25%
72% .71%
4
Stratew
December 31, 2014
December 31, 2013
Colorado Cash
Cash Pool 21% Colorado
30% 19% Pool
21%
CD's
19% Gov't CD's
Securities 23%
Gov't 35%
Securities
33%
Town of Vail I Finance 14/21/2015 5
4/21/2015
StratecIv
Maturity
December 31, 2014
2-5Yrs
35%
t.
>5Yrs
5%
1-2Yrs
8%
December 31, 2013
>5yrs
6%
< 1 Yr 2-5 yrs < 1yr
52% 38% 51%
1-2 yrs
5%
Town of Vail I Finance 1 4/21/2015 6
4/21/2015
2014 Investment Stratew
Expect the low interest rate environment to continue
Stick to our investment policy objectives: safety, liquidity, and yield
Continue to manage investment mix and decrease maturities until
rates increase
Make strategic decisions for use of cash for capital projects as
appropriate
Update the town's investment policy to allow participation in the
Colo Trust Plus plan which invests in commercial paper.
Town of Vail I Finance 1 4/15/2014 7
4/21/2015
TOWN OF VAIL MEMORANDUM
TO:
Stan Zemler
Council Members
FROM:
Kathleen Halloran
DATE:
4th Qrtr 2014
RE:
Investment Report
Enclosed is the investment report with balances as of December 31,2014.
The estimated average yield for the pooled cash fund is 0.71 %. As of
12/31/2014, the Treasury yield curves for 3 months, 6 months, and 1 year are 0.04%, .12%,
and 0.25% 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
$61.4 million
Cash
$18.3M, 30%--
Colora
Investment
Pool $11.5M,
19%
Gov't
Securities
___-_.$19.9M, 32%
CD's $11.71M,
19%
There were no other changes to investment products or banking institutions.
Please call me if you have any questions.
4/21/2015
Town of Vail, Colorado
Investment Report
Summary of Accounts and Investments
As of 12/31/2014
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
Certificates of Deposit
Colorado Investment Pools
Total Portfolio
Maturing Within 12 Months
Maturing Within 24 Months
Maturing After 24 Months
Investments 141231 4/21/2015
2014
Balances Percentage
of Total
$18,025,871 29.35%
$239,211 0.39%
$18,288,225 29.78%
$13,703,237 22.31%
$6,217,482 10.12%
$19,920,719 32.43%
$11,708,551 19.07%
$11,493,052 18.72%
$61,410,545 100.0%
31,956,842 52.04%
4,833,119 7.87%
$24,620,585 40.09%
61,410,545 100.0%
Performance Summary
as of 12/31/2014
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 (#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
1st Bank, Vail Colorado (#4754) Matures Dec 28, 2016
1 st Bank, Vail Colorado (#5319) Matures May 19, 2016
1 st Bank, Vail Colorado (#9497) Matures Nov 19, 2019
1 st Bank, Vail Colorado (#9500) Matures Nov 18, 2019
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
Total Certificates of Deposit
LOCAL GOVERNMENT INVESTMENT POOLS
Colotrust General Fund
Interest
Total Local Government Investment Pools Accounts
Total All Accounts
Average Balances
Return 12/31/14
0.150%$16,636,158
$1,389,713
0.010% $239,211
0.000% $0
$239,211
$18,288,225
1.28% $ 13,703,237
1.09% $ 6,217,482
$ 19,920,719
$ 19,920,719
1.200% 1,027,835
1.300% 1,065,749
1.300% 1,037,241
2.000% 1,098,280
2.500% 1,098,361
1.750% 1,058,245
1.750% 1,053,727
0.400% 1,521,886
0.900% 1,188,409
0.900% 1,054,708
1.050% 100,171
1.450% 101,337
1.190% 100,900
1.600% 100,635
1.700% 101,065
11,708,551
$ 11,708,551
0.010%$11,493,052
Investments 141231 4/Z1 /2015
$11,493,052
$61,410,545
as of 12/31/2014
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
$997,450
FFCB 3133EAK49
Piper Jaffray
0.990%
0.990%
1/20/2012
8/15/2017
5.6
$497,035
FNMA 3135GONRO
Piper Jaffray
1.110%
1.100%
1/21/2012
8/28/2017
5.6
$498,590
FHLM 3134G3J43
Piper Jaffray
1.050%
1.040%
1/23/2012
9/27/2017
5.7
$398,224
FNMA 3135GOPHO
Piper Jaffray
1.010%
1.000%
1/24/2012
9/27/2017
5.7
$498,335
FNMA 3135GOPL1
Piper Jaffray
1.060%
1.060%
1/25/2012
10/4/2017
5.7
$497,285
FHLB 3133813R4
Piper Jaffray
1.020%
1.010%
1/26/2012
11/9/2017
5.8
$495,320
FFCB 3133EC5A8
Piper Jaffray
0.890%
0.880%
1/28/2012
11/27/2017
5.8
$493,545
FFCB 3133EC764
Piper Jaffray
0.860%
0.850%
1/29/2012
12/13/2017
5.9
$592,332
FHLB 313383DQ1
Piper Jaffray
1.020%
1.010%
1/29/2012
12/18/2017
5.9
$395,352
FNMA 3136G13C1
Piper Jaffray
0.760%
1.000%
1/30/2012
12/19/2017
5.9
$498,200
FNMA 3136G16W4
Piper Jaffray
0.660%
0.750%
1/31/2012
12/27/2017
5.9
$248,658
FHLB 313381 RE7
Piper Jaffray
1.020%
1.010%
2/1/2012
1/30/2018
6.0
$494,555
FHLB313381SP1
Piper Jaffray
1.070%
1.060%
2/1/2012
1/30/2018
6.0
$494,720
FNMA 3136G1 K57
Piper Jaffray
1.120%
1.110%
2/2/2012
4/30/2018
6.2
$543,235
FHLB 313382GQO
Piper Jaffray
1.070%
1.070%
2/2/2012
3/20/2018
6.1
$490,820
FHLM 3134G45D6
Piper Jaffray
1.150%
1.140%
2/2/2012
5/25/2018
6.3
$989,770
FHLB 313383HQ7
Piper Jaffray
1.210%
1.210%
2/2/2012
6/27/2018
6.4
$616,664
FHLB 313383JQ5
Piper Jaffray
1.270%
1.260%
2/2/2012
6/27/2018
6.4
$327,815
FHLB 3130A04A5
Piper Jaffray
2.040%
2.020%
2/2/2012
10/2/2018
6.7
$555,027
FHLB 3130A3HA5
Piper Jaffray
1.650%
1.650%
2/2/2012
12/5/2018
6.8
$428,886
FHLB 3134G57A7
Piper Jaffray
1.800%
1.800%
2/2/2012
6/26/2019
7.4
$500,965
FHLM 3134G5AF2
Piper Jaffray
2.000%
2.000%
2/2/2012
7/9/2019
7.4
$499,650
FNMA 3136G24C8
Piper Jaffray
2.000%
1.970%
2/2/2012
8/26/2019
7.6
$506,800
FFCB 3133EDVH2
Piper Jaffray
2.000%
2.000%
2/2/2012
9/18/2019
7.6
$499,290
FHLM 3134G5HJ7
Piper Jaffray
2.020%
2.020%
2/2/2012
9/24/2019
7.6
$225,200
FHLB 3130A3MR2
Piper Jaffray
2.000%
2.000%
2/2/2012
12/30/2019
7.9
$419,513
Average Yield
1.28%
$13,703,237
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 -
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
$4,717
$204,715
$167,819
$19,200
GNMA 8417
Pooled -
Dana
5.125%
3.9%
1 -Oct -88
20 -Oct -18
30.1
$914
GNMA 8703
Pooled -
Dana
4.750%
1.6%
1 -Sep -95
20 -Sep -25
30.1
$589
GNMA 8720
Pooled -
Dana
5.125%
1.6%
30 -Sep -95
20 -Oct -25
30.1
$746
GNMA 8788
Pooled -
Dana
5.375%
1.6%
1 -Jan -96
20 -Jan -26
30.1
$498
GNMA 80426
Pooled -
Dana
4.500%
1.6%
21 -Jul -00
20 -Jul -30
30.0
$5,181
GNMA 80696
Pooled -
Dana
3.375%
1.6%
23 -May -11
20 -May -33
22.0
$226,063
GNMA 80710
Pooled -
Dana
5.625%
1.6%
1 -Jul -03
20 -Jul -33
30.1
$5,825
GNMA 82759
Pooled -
Dana
2.500%
1.6%
20 -Mar -12
20 -Mar -41
29.0
$251,535
GNMA 80593
Pooled -
Dana
1.750%
1.6%
20 -Apr -12
20 -Apr -32
20.0
$2,790
GNMA 82382
Pooled -
Dana
2.690%
1.6%
30 -Sep -13
20 -Sep -39
26.0
$125,483
GNMA 1303
Pooled -
Dana
2.000%
2.0%
30 -Sep -13
20 -Sep -43
30.0
$217,174
FNMA 850125
Pooled -
Dana
5.146%
2.2%
1 -May -09
1 -Sep -35
26.4
$38,182
FNMA 422251
Pooled -
Dana
5.589%
2.2%
1 -Dec -95
1 -Jan -21
25.1
$8,414
FNMA 334439
Pooled -
Dana
6.200%
2.3%
1 -Dec -95
1 -Apr -24
28.4
$3,364
FNMA 520790
Pooled -
Dana
6.077%
2.3%
1 -Jun -00
1 -Apr -28
27.9
$4,772
FNMA 546468
Pooled -
Dana
5.563%
2.2%
24 -May -00
1 -Jun -28
28.0
$1,972
FNMA 535326
Pooled -
Dana
5.263%
2.1%
26 -Jun -00
1 -Jun -28
28.0
$2,529
FNMA 323798
Pooled -
Dana
5.749%
2.2%
1 -Dec -99
1 -May -29
29.4
$985
FNMA 567875
Pooled -
Dana
6.336%
2.4%
1 -Dec -00
1 -Sep -30
29.8
$1,569
FNMA 593941
Pooled -
Dana
6.010%
1.9%
1 -Dec -01
1 -Dec -30
29.0
$5,075
FNMA 545057
Pooled -
Dana
5.487%
1 -May -01
1 -May -31
30.0
$353
FNMA 65970
Pooled -
Dana
5.118
�2}.2%% 1
-01
FNMA 555378
Pooled -
Dana
5.120%
4�`2. 7O
1�Magy-O8
11Apr-33
24.9
$46,197
Investments 141231
Government Securities
as of 12/31/2014
Total $19,920,719
4/21/2015
Investments 141231
Days/Years
Int Rate
Purchase
Maturity
to Maturity
Market
Agency
Broker
Coupon
Yield
Date
Date
at Purchase
Value
FNMA 709092
Pooled -
Dana
5.085%
2.1%
1 -Jun -03
1 -Jun -33
30.0
$9,949
FNMA 723661
Pooled -
Dana
5.025%
2.2%
1 -Jul -03
1 -Jul -33
30.0
$1,311
FNMA 761737
Pooled -
Dana
6.488%
2.2%
16 -May -05
1 -Dec -33
28.6
$8,749
FNMA 725462
Pooled -
Dana
5.688%
1.8%
1 -Apr -04
1 -Jan -34
29.8
$10,034
FNMA 745160
Pooled -
Dana
5.763%
2.2%
1 -Dec -05
1 -Mar -34
28.3
$17,919
FNMA 791573
Pooled -
Dana
5.057%
2.2%
1 -Jul -04
1 -Aug -34
30.1
$3,327
FNMA 888321
Pooled -
Dana
5.737%
2.2%
1 -Mar -07
1 -Aug -34
27.3
$20,410
FNMA 849207
Pooled -
Dana
6.340%
1.8%
1 -Jan -06
1 -Jan -36
30.0
$4,950
FNMA 888710
Pooled -
Dana
5.374%
2.2%
1 -Sep -07
1 -Jul -36
28.9
$26,599
FNMA 893933
Pooled -
Dana
5.209%
2.3%
1 -Sep -06
1 -Oct -36
30.1
$9,708
FNMA 555624
Pooled -
Dana
5.366%
2.1%
1 -Jun -03
1 -Mar -38
34.8
$3,968
FNMA 735967
Pooled -
Dana
6.107%
2.2%
1 -Sep -05
1 -Mar -38
32.5
$7,743
FNMA 888386
Pooled -
Dana
5.623%
2.2%
1 -Apr -07
1 -Mar -38
30.9
$47,381
FNMA 888618
Pooled -
Dana
5.799%
2.2%
1 -Jul -07
1 -Mar -38
30.7
$15,528
FNMA 995451
Pooled -
Dana
4.581%
2.2%
12 -Feb -09
1 -May -38
29.2
$37,127
FNMA 557073
Pooled -
Dana
4.255%
1.5%
1 -Sep -00
1 -Jun -40
39.8
$3,926
FNMA 110540
Pooled -
Dana
5.150%
2.6%
1 -Nov -90
1 -May -20
29.5
$3,216
FNMA 327446
Pooled -
Dana
5.747%
2.8%
1 -Oct -95
1 -Aug -22
26.9
$1,334
FNMA 555921
Pooled -
Dana
3.000%
2.7%
1 -Sep -12
1 -Sep -35
23.0
$19,158
FNMA 868877
Pooled -
Dana
5.191%
2.3%
1 -Apr -06
1 -Apr -36
30.0
$7,326
FNMA 701045
Pooled -
Dana
4.830%
2.0%
1 -Apr -03
1 -Apr -33
30.0
$59,862
FNMA 848390
Pooled -
Dana
3.755%
1.8%
12 -Feb -09
1 -Dec -35
26.8
$23,731
FNMA 844148
Pooled -
Dana
3.183%
2.0%
1 -Oct -05
1 -Nov -35
30.1
$20,435
FNMA 748087
Pooled -
Dana
2.585%
2.2%
1 -Sep -10
1 -Sep -33
23.0
$57,275
FNMA 851297
Pooled -
Dana
2.604%
2.3%
3 -May -11
1 -Sep -35
24.3
$234,336
FNMA AC0038
Pooled -
Dana
2.355%
1.8%
24 -May -11
1 -Sep -38
27.3
$174,492
FNMA AV9481
Pooled -
Dana
2.075%
2.0%
1 -Jul -14
1 -Jul -43
29.0
$339,631
FHLMC 775572
Pooled -
Dana
2.720%
2.8%
1 -Sep -94
1 -Jun -24
29.8
$7,034
FHLMC 865469
Pooled -
Dana
6.440%
2.8%
1 -Dec -95
1 -Aug -25
29.7
$387
FHLMC 645235
Pooled -
Dana
6.340%
2.2%
1 -Jul -00
1 -Mar -29
28.7
$2,096
FHLMC 846784
Pooled -
Dana
5.576%
2.2%
1 -Jul -00
1 -May -29
28.9
$1,266
FHLMC 846956
Pooled -
Dana
6.446%
2.4%
1 -Nov -01
1 -Nov -31
30.0
$1,246
FHLMC 847166
Pooled -
Dana
5.092%
2.3%
1 -Jul -03
1 -Aug -33
30.1
$3,630
FHLMC 847359
Pooled -
Dana
6.072%
2.3%
1 -Dec -04
1 -Dec -34
30.0
$3,468
FHLMC 782526
Pooled -
Dana
4.509%
2.1%
1 -Apr -05
1 -Apr -35
30.0
$49,487
FHLMC 848000
Pooled -
Dana
4.665%
2.2%
1 -Sep -08
1 -Feb -36
27.4
$47,176
FHLMC 847629
Pooled -
Dana
6.092%
2.3%
1 -Oct -06
1 -Sep -36
29.9
$11,686
FHLMC 865127
Pooled -
Dana
3.130%
3.0%
1 -Aug -89
1 -Mar -19
29.6
$769
FHLMC 865476
Pooled -
Dana
6.082%
2.8%
1 -Apr -96
1 -Feb -36
39.9
$491
FHLMC 865663
Pooled -
Dana
6.040%
3.0%
1 -Nov -00
1 -Feb -30
29.3
$957
FHLMC 765114
Pooled -
Dana
6.963%
4.4%
1 -Mar -99
1 -Jan -18
18.9
$632
FHLMC 847427
Pooled -
Dana
5.264%
2.1%
1 -Jul -05
1 -Sep -34
29.2
$4,698
FHLMC 1G1840
Pooled -
Dana
5.315%
2.2%
1 -Feb -06
1 -Nov -35
29.8
$8,844
FHLMC 163063
Pooled -
Dana
5.553%
2.3%
1 -Aug -06
1 -Aug -36
30.0
$19,602
FHLMC 847058
Pooled -
Dana
5.181%
2.2%
1 -Aug -02
1 -Aug -32
30.0
$19,252
FHLMC 1137033
Pooled -
Dana
2.846%
2.0%
25 -May -11
1 -Sep -35
24.3
$158,494
FHLMC 611384
Pooled -
Dana
6.953%
2.3%
11 -Feb -05
1 -Dec -32
27.8
$8,294
FHLMC 849313
Pooled -
Dana
2.123%
2.1%
1 -Jun -14
1 -Feb -43
28.7
$333,344
TSY 912828EA4
1.875%
1.5%
16 -May -13
15 -Jul -15
2.2
$306,409
TSY 912828MY3
0.500%
46.0%
15 -Apr -15
2.0
$270,512
FNMA Fixed rate agency 3135GOHG1
0.375%
37.0%
1 -Jan -12
16 -Mar -15
3.2
400,194
FHLB Fixed rate agem 313OA2CG9
1.125%
1.1%
19 -Jun -14
19 -Sep -17
3.3
$317,216
FHLMC Fixed rate agency 3137EADP1
0.875%
88.0%
1 -Jun -14
7 -Mar -18
3.8
$395,488
FHLB Step Coupon Agency 313OA2NM4
0.750%
0.750%
28 -Jul -14
28 -Jul -17
3.0
$299,550
FHLB Step Coupon Agency 313OA3AQ7
0.800%
0.800%
16 -Oct -14
16 -Oct -17
3.0
$300,000
FHLB Step Coupon Agency 313OA32M5
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
$398,300
Accrued Interest
1.1%
$15,388
Income Receivable
$13,170
Average Yield
1.09%
6,217,482
Total $19,920,719
4/21/2015
Investments 141231
TOWN OF VAIN
VAIL TOWN COUNCIL AGENDA MEMO
MEETING DATE: April 21, 2015
ITEM/TOPIC: Second Reading of Ordinance No. 5, Series 2015 an Ordinance making
budget adjustments to the Town of Vail General Fund, Capital Projects Fund, Real Estate
Transfer Tax Fund, Heavy Equipment Fund and Timber Ridge Enterprise Fund.
PRESENTER(S): Kathleen Halloran, Finance Director
ACTION REQUESTED OF COUNCIL: Approve or Approve with amendments Ordinance No.
5, Series 2015
BACKGROUND: Please see attached memo
STAFF RECOMMENDATION: Approve or approve with amendments Ordinance No. 5,
Series 2015
ATTACHMENTS:
Budget Supp 2
4/21/2015
TOWN OF
TO: Vail Town Council
FROM: Finance Department
DATE: April 21, 2015
SUBJECT: 2015 Supplemental Appropriation
On Tuesday evening, you will be asked to approve a supplemental appropriation of the
2015 budget upon second reading.
Changes from first reading
The following items reflect updates since first reading:
General Fund
During the April 7t" Council meeting on Ford Park Summer Parking, Council agreed to
review estimated costs to extend bus service from Ford Park to the Vail Village parking
structure on all summer days rather than on managed parking (special event) days.
Please see attached memo from the Transit department outlining options for transit
coverage of Ford Park in the summer.
Capital Projects Fund
During the April 7th meeting, Council directed staff to delay the reconstruction of the
ventilation system at the Donovan Pavilion ($450,000) until 2016. The 2015 budget will
be reduced by that amount.
4/21/2015
Ford Park In -town bus service extensions for the Summer 2015
Based on the discussion during the April 7 Vail Town Council meeting regarding the summer parking plan
for Ford Park, the council directed staff to provide options for extending the summer in -town route.
The staff reviewed the current special event bus schedules and the operating hours of the Vail Nature
Center. Ford Park is served in two ways during managed parking days. The in -town shuttle is extended
to include the Ford Park stop on Vail Valley Drive; in addition the Ford Park Express Service runs
between Lionshead, Vail Village and Ford Park via the Frontage Road.
The Nature Center is open on weekends during the summer including September and provides daily
programs June 15- Sept. 5. There are nightly programs on Mondays, and Wednesdays -Saturdays. Most
end at 8:30, however one ends at 10:
The extended In -town service scenarios were reviewed:
• Memorial Day through the end of September
• Memorial Day through Labor Day
• June 14- Labor Day
• June 14- August 8, this is the last day ford park managed parking day interferes with Nature
Center programs.
The staff reviewed the service from the hours of 9AM-6PM in addition to an evening period from 6PM-
9PM. The costs of providing the various service levels are as follows:
Staff recommendation is to provide the service from June 14- August 8, during summer 2015 and
supplement the Transit budget appropriately. A minimum cost effective service would be to average at
least 15 riders per hour for each additional hour of service.
4/21/2015
9AM-6PM
6PM-9PM
Memorial Day through the end of September
$
92,835
$
31,146
Memorial Day through Labor Day
$
80,419
$
13,667
June 14- Labor Day
$
65,693
$
9,515
June 14- August 8
$
34,868
$
4,498
Staff recommendation is to provide the service from June 14- August 8, during summer 2015 and
supplement the Transit budget appropriately. A minimum cost effective service would be to average at
least 15 riders per hour for each additional hour of service.
4/21/2015
TOWN OF VAIL 2015 BUDGET
SUMMARY OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
GENERALFUND
2015
2015
2014
2014
Variance
Original
1st
Proposed
Amended
Actuals
Fav / (Unfav)
Budget
Supplemental
Amended
Comments
Revenue
Local Taxes: $ 23,100,000
$ 23,881,131
$ 781,131
$ 24,486,000
$ 24,486,000
Sales Tax Split b/t Gen'I Fund & Capital Fund 62/38
62/38
62/38
62/38
Sales Tax $ 14,322,000
$ 14,322,000
$ -
15,181,000
$ 15,181,000
Property and Ownership 4,353,500
4,358,411
4,911
4,301,000
4,301,000
Ski Lift Tax 3,782,000
4,351,624
569,624
4,418,700
4,418,700
Franchise Fees, Penalties, and Other Taxes 1,116,550
1,121,455
4,905
1,158,779
1,158,779
Licenses & Permits 2,632,801
2,747,488
114,687
1,538,267
1,538,267
Intergovernmental Revenue 1,869,678
2,010,236
140,558
1,835,192
1,835,192
Transportation Centers 3,839,680
4,543,399
703,719
4,023,264
4,023,264
Charges for Services 870,397
947,267
76,870
907,812
907,812
Fines & Forfeitures 276,274
207,723
68,551
263,404
263,404
Earnings on Investments 110,000
157,713
47,713
108,236
108,236
Rental Revenue 840,896
1,044,463
203,567
903,087
903,087
Miscellaneous and Project Reimbursements 136,000
215,122
79,122
283,000
10,000
293,000
WMC legal to be reimbursed
Total Revenue 34,149,776
36,026,901
1,877,125
34,921,741
10,000
34,931,741
5.5%
Expenditures
Salaries 14,938,480
14,630,258
308,222
16,013,936
16,013,936
Benefits 5,189,962
5,041,460
148,502
5,774,964
5,774,964
Subtotal Compensation and Benefits 20,128,442
19,671,718
456,724
21,788,900
21,788,900
Contributions and Special Events 2,126,198
2,068,595
57,603
2,044,028
2,044,028
All Other Operating Expenses 7,197,735
6,597,626
600,109
7,395,314
27,000
7,422,314
WMC Legal $10K; Line locates $8K; uniforms $9K
Heavy Equipment O eratin Charges 2,365,254
2,332,918
32,336
2,365,917
2,365,917
Heavy Equipment Re lacement Charges 553,826
580,890
27,064
592,884
592,884
Dispatch Services 590,961
590,961
6301588
630,588
Total Expenditures 32,962,416
31,842,708
1,119,708
34,817,631
27,000
34,844,631
Revenue Over (Under) Expenditures 1,187,360 4,184,193 2,996,833 104,110 17,000 87,110
Castle Peak Senior Care Facility (200,000)
(200,000)
-
-
-
2015 World Alpine Ski Championships 250,000)
(250,000)
(250,000)
-
(250,000)
Pro -cycling event (75,000)
(75,000)
(75,000)
75,000
2015 Nation's Event (375,000)
(375,000)
(375,000)
-
(375,000)
Transfer to Dipatch Services Fund -
-
-
(22,338)
-
(22,338)
Surplus Net of Transfers & New Programs 287,360
3,284,193
2,996,833
(618,228)
58,000
(560,228)
Beginning Fund Balance 16,401,973
16,401,973
16,689,333
2,996,833
19,686,166
Ending Fund Balance $ 16,689,333
$ 19,686,166
$ 16,071,105
$ 19,125,938
EHOP balance included in ending fund balance - $ 690,000
not spendable
$ 690,000
$ 690,000
TOWN OF VAIL 2015 BUDGET
SUMMARY OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
CAPITAL PROJECTS FUND
2015
Proposed
2014
2014
Variance
Original
1st
2015
Amended
Actual
Fav /(Unfav)
Budget
Supplemental
Amended
Comments
Revenue
Total Sales Tax Revenue:
$ 23,100,000
$ 23,881,130
$ 781,130
$ 24,486,000
$ 24,486,000
2015 6% incr from 2014 amended; then 5% per year
Sales Tax Split between General Fund &
Capital Fund
62/38
62/38
62/38
62/38
Sales Tax - Capital Projects Fund
$ 8,778,000
$ 9,799,940
$ 1,021,940
$ 9,305,000
$ 9,305,000
Use Tax
1,800,000
1,803,853
3,853
1,800,000
1,800,000
2015 flat with 2014 forecast; 2014 YTD pacing 26% up from 2013
Federal Grant Revenue
240,000
121,248
(118,752)
240,000
118,752
358,752
2014-2016: Bridges at Nugget Lane and Bridge Rd
Other State Revenue
504,000
327,261
(176,739)
356,000
182,830
538,830
CDOT share of funding for 1-70 Underpass study; re -appropriate $176K from prior
year; $6K grant for fire equipment
Lease Revenue
197,295
197,295
197,295
197,295
Per Vail Commons commercial (incr. every 5 years) and residential leases
Employee Housing Fee -In -Lieu
361,805
417,665
55,860
-
Project Reimbursement
251,200
290,671
39,471
-
40,000
40,000
2015 $40K reimbursement from ERWSD for waterline work on the Covered Bridge.
2014:$90K contribution to Mobile Comm Van from external agencies ($27.5K
received in 2013); Reduce budget by $16.8K of Mobile Comm Van funding that will
come from Transfer as show below from prior year's capital contributions from the
E911 Board; $170K Holy Cross grant for lighting replacment (LEDs)
TRAHC
494,466
491,871
(2,595)
494,466
494,466
Principal and interest on loans to TRAHC
Earnings on Investments and Other
36,229
205,795
169,566
103,654
103,654
0.7% rate assumed
Total Revenue
12,662,995
13,655,599
992,604
12,496,415
341,582
12,837,997
Bus Shelters
30,000
273
29,727
30,000
-
30,000
Annual maintenance.
Parking Structures
620,000
610,682
9,318
680,000
-
680,000
Various repairs including deck topping replacement, expansion joint repairs,
ventilation, HVAC, plumbing and other structural repairs.
Facilities Capital Maintenance
603,563
416,284
187,279
541,760
165,000
706,760
$165K for Pitkin Creek bus stop and municipal carpet (partial replacement);
General project covers repairs to town buildings including the upkeep of exterior
(roofing, siding surfaces, windows, doors), interior finishes (paint, carpet, etc), and
mechanical equipment (boilers, air handlers, etc.).
Donovan Park Pavilion
58,670
38,830
19,840
500,000
(430,160)
69,840
2015: to change ventilation & improve noise, which includes a protective structure on
the outside of the building; replace heating/air system and $50K furniture replacement.
" Per Council 4/7, delay the ventilation system changes until 2016.
Street Light Improvements
296,000
151,047
144,953
25,000
144,953
169,953
Re -appropriate to continue new street lights and to refurbish residential lighting;
Accelerated replacement approved by Council April 1st.
Capital Street Maintenance
981,200
764,977
216,223
1,116,500
216,223
1,332,723
Ongoing bridge rail project; delay in materials shipment. On-going maintenance
to roads and bridges including asphalt overlays, patching and repairs.
Covered Bridge Structural Repairs
-
-
50,000
40,000
90,000
Includes structural maintenance of bridge beams and painting in conjunction with
ERWSD waterline maintenance (hangs underneath the bridge) $40K for work done
on behalf of ERWSD - see revenue reimbursement above
Flood incident repairs
105,436
105,436
105,436
105,436
Upper Columbine / Bighorn stream crossing reconstruction
Fire Truck Replacement
620,900
618,017
2,883
-
2,883
2,883
2014 replace pumper truck from 1999; Re -appropriate for purchase of truck
equipment
Audio Visual Capital Maintenance
4,599
4,500
99
18,000
18,000
$18K annual maintenance / replacement of audio-visual equipment in town buildings
such as Donovan, Municipal building, Grand View, LH Welcome Center, etc.
Town -wide camera system
130,000
129,615
385
22,000
22,000
includes $22K per year for replacement of cameras and equipment;
Document Imaging
47,664
47,664
-
68,000
68,000
Annual maintenance, software licensing, and replacement schedule for scanners and
servers. Includes 38K for software platform upgrade in 2015.
Software Licensing
48,000
46,195
1,805
60,000
60,000
Annual renewal of software licenses
Hardware Purchases
222,740
222,884
(144)
168,000
168,000
2015 replacement of three GIS printers/scanners; Two additional Simplivity
Omnicube nodes in 2015 at a cost of $45K each
Copier replacement
10,000
9,883
117
-
-
Replace 8 -yr old equipment with copier/printer/fax/scanner
Postage machine replacement
6,100
6,073
4/2 f/20 15equipment
-
Outdated software cannot comply with recent USPS postage meter changes; Current
7 years old
TOWN OF VAIL 2015 BUDGET
SUMMARY OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
CAPITAL PROJECTS FUND
2015
Proposed
2014
2014
Variance
Original
1st
2015
Amended
Actual
Fav I(Unfav)
Budget
Supplemental
Amended
Comments
Data Center (Computer Rooms)
15,000
14,926
74
-
-
Based on annual replacement schedule of security and power systems for 3 computer
rooms
Website and e-commerce
13,829
13,829
-
12,000
12,000
Internet security & application interfaces; website redevelopment; includes
$550/month for web hosting svcs
ArcGIS Systems
14,000
-
14,000
-
14,000
14,000
Replacement of plotter/scanner/copier for GIS
Fiber Optics in Buildings
173,726
95,691
78,035
15,000
15,000
Annual mainenance
Network upgrades
40,000
40,045
(45)
72,000
109,000
181,000
Requesting $109K for an expansion of wireless service to West and East Vail (TOV
equipment, not Crown Castle); Replacement of switches and routers
Phone System Infrastructure
142,919
142,919
-
-
-
-
Replace infrastructure for 15 -year old phone system; Work started in 2013
Public Safety System
61,767
61,767
50,000
50,000
Annual capital maintenance of "County -wide "Computer Aided Dispatch/Records
Mgmt System"; includes patrol car and fire truck laptops and software used to push
information to TOV and other agencies; TOV portion of annual Intergraph software
maintenance
Public AM Radio
5,900
5,900
-
-
-
-
Upgrade AM1610 equipment to make operational (the station has been down for
approx. 1 year); This channel provides road and parking conditions, etc. to the public
Business Systems Replacement
190,218
72,175
118,043
118,043
118,043
$58K to continue Community Development permitting software project; anticipate
project completion this summer
Transit Center Generator
200,000
-
200,000
200,000
200,000
Replacement of generator at the Vail Village transit center; includes re -landscaping
and re -wiring; originally planned for 2014.
Police E -Ticketing system
35,000
34,972
28
-
-
-
Electronic ticketing system; reduces data entry done by officers to record physical
tickets; will interface with Full Court system
Total Maintenance
4,677,231
3,549,148
1,128,083
3,428,260
685,378
4,113,638
Enhancement of Town Assets
CDOT Required Parking
218,000
140,859
77,142
-
-
-
2014: Vail Village parking improvements per CDOT requirements
Vail Village Info Booth
1,536,383
1,323,165
213,218
100,000
100,000
For final bills and work completed prior to the 2015 WASC; includes new exterior and
interior cameras
Guest Services Enhancements/Wayfinding
3,161,947
1,785,032
1,376,914
1,376,914
1,376,914
Contination of signage project Guest Service / Wayfinding enhancements outside of
VRA district
Energy Enhancements
566,124
218,180
347,944
347,944
347,944
Implementation of energy audit enhancements; includes continuation of LED lighting
project with shared cost of $170K from Holy Cross.
Fire Equipment
-
-
-
-
22,153
22,153
2015: equipment purchased with proceeds from sale of fire truck ($30K revenue
received in 2014)
Neighborhood Road Reconstruction
25,000
25,000
450,000
25,000
475,000
Rd.5K for design and $450K in 2015 for shared project with ERWSD on Rockledge
Neighborhood Bridge Reconstruction
300,000
300,000
300,000
300,000
600,000
Reconstruction and design of bridges at Nugget Lane and Bridge Rd.
Fire Breathing Apparatus
-
-
-
-
17,862
17,862
Partial replacement of breathing apparatus equipment, funded by $6K grant listed
above and sale of fire truck in 2014
Parking Entry System / Equipment
733,000
628,398
104,603
104,603
104,603
Replace parking system in both structures (LH parking structure system had been
scheduled for replacement in 2006); Better financial reporting and potential to
interface with variable message signs and other parking systems across town;
Partially reimbursed by VRA ($300K).
Radio Equipment replacement
176,000
173,808
2,192
-
-
Previously $693K budgeted in 2014 for replacement of approximately 59 radios for
PW, PD and Fire. Adjusted to only include radios purchased over 12 years ago (in
2008 the town replaced a number of radios; these will not be replaced until 2018)
Hybrid Bus Battery Replacement
440,000
-
440,000
440,000
440,000
Replace 7 batteries in 2015; Estimated life of 6 years
Replace Buses
60,002
9,520
50,482
-
50,480
50,480
ADA van for on-call pickups and continuation of bike rack replacements
Bus Camera System
-
350,000
-
350,000
Installation of software and cameras in buses
Timber Ridge Legal/Zoning
15,604
14,470
1,134
-
-
Consultant and legal expenses for the continuation of redevelopment of Timber Ridge
Timber Ridge Redevelopment
225,000
159,938
65,062
Rockfall mitigation
Total Enhancements
7,457,059
4,453,368
3,003,691
1,100,000
2,784,956
3,884,956
New Assets
L'7/AF/4V1F7
TOWN OF VAIL 2015 BUDGET
SUMMARY OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
CAPITAL PROJECTS FUND
2015
Proposed
2014
2014
Variance
Original
1st
2015
Amended
Actual
Fav I(Unfav)
Budget
Supplemental
Amended
Comments
Municipal Redevelopment
43,343
45,419
(2,076)
1,500,000
1,500,000
Planning for redevelopment of the municipal building; construction current listed on
unfunded sheet
Frontage Road Developments (VRA)
-
-
-
3,000,000
3,000,000
Previously in 2014; pushed to 2015; From LH Parking structure to Municipal
building to complement the new LH parking structure entry; funded by VRA (see
transfers below)
Chamonix Housing Development
5,176
5,176
1,250,000
1,250,000
Infrastructure, planning and design for future housing development
Welcome Center (VRA)
68,887
31,848
37,039
-
-
Desk and signage improvements
East LionsHead Portal (VRA)
25,000
9,339
15,661
-
-
Completed with savings
1-70 Underpass (VRA)
1,631,586
970,994
660,591
1,000,000
660,591
1,660,591
$1.6M to cover total amount of contract 2014 - 2016; CDOT reimbursements will
span several years, with 2015 amount showed above
Lionshead Parking Structure Entry (VRA)
2,164,962
1,891,915
273,047
-
273,047
273,047
Final construction bills, and to complete landscaping, lighting and artwork installation
Lionshead Medans (VRA)
50,000
7,004
42,996
-
-
Median construction from LH parking structure to Vail Spa; Council cancelled the
project; need some funds for bills already incurred; will reduce further when all bills
paid
Mobile Communications vehicle
321,000
321,270
(270)
Budgeted during 2013 to allow for contract to be signed; will pay out funds in 2014
when van is delivered sometime in the fall
Chamonix Housing Marketing Study
12,550
11,300
1,250
Update Housing Market Study
Buy -down Program
402,118
-
402,118
402,118
402,118
Carryforward program funding
Buy -down Program Funded by Pay -in-Lieu
684,814
202,336
482,478
-
900,143
900,143
Carry forward current balance of program funding: Housing funded directly by Pay -in -
Lieu fees collected from developers; Includes revenue collected in 2014 ($417,665)
Total New Assets:
5,404,259
3,496,602
1,907,658
6,750,000
2,235,900
8,985,900
Total Expenditures
17,538,549
11,499,118
6,039,431
11,278,260
5,706,234
16,984,494
Other Financing Sources (Uses)
Transfer from Vail Reinvestment Authority
4,290,435
3,049,280
1,241,155
4,050,000
1,299,470
5,349,470
1-70 underpass $1 M, Frontage Rd improvements $3M; annual LH parking structure
maintenance $50K; re -appropriate remaining balance in LH Parking entry and 1-70
Underpass
Transfer from Debt Service Fund
21,311
21,311
-
To close out remaining balance in Debt Service Fund
Transfer from Dispatch Fund
16,800
16,800
Transfer from Dispatch for Mobile Comm Van
Revenue Over (Under) Expenditures
(547,008)
5,243,872
5,790,881
5,268,155
(4,065,182)
1,202,973
Beginning Fund Balance
15,869,058
15,869,058
15,314,050
5,798,881
21,112,931
Ending Fund Balance
15,322,050
21,112,931
20,582,205
22,315,904
CFPA FPOki] IN
TOWN OF VAIL 2015 BUDGET
SUMMARY OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
REAL ESTATE TRANSFER TAX FUND
2015
Proposed
2014
2014
Variance
Original
list
2015
Amended
Actual
Fav /(Unfav)
Budget
Supplemental
Amended
Comments
Real Estate Transfer Tax
$ 5,900,000
$ 6,849,449
$ 949,449
$ 5,670,000
$ 5,670,000
Golf Course Lease
132,014
128,913
(3,101)
134,654
134,654
Annual lease payment from Vail Recreation District 2% annual increase - deposited to
"Recreation Enhancement Account" (accompanying expenditure listed below)
Inter ovenmental Revenue
119,900
125,394
5,494
20,000
20,000
$20K Lottery fund proceeds
Project Reimbursements
1,192,500
226,868
965,633
965,633
965,633
Remainder of $1.165M VRD portion for Golf Course Clubhouse construction
Recreation Amenity Fees
338,000
338,341
341
10,000
10,000
Donations
32,550
32,550
AIPP Winterfest donations added to public art budget below
Earnings on Investments and Other
33,712
163,651
129,939
28,595
28,595
Total Revenue
7,716,126
7,865,166
149,040
5,863,249
965,633
6,828,882
Maintain Town Assets
Annual Park and Landscape Maintenance
1,430,514
1,182,187
248,327
1,603,001
-
1,603,001
Ongoing path, park and open space maintenance, project mgmt
Management Fee to General Fund (5%)
295,000
342,472
(47,472)
283,500
283,500
5% of RETT Collections - fee remitted to the General Fund for administration
Tree Maintenance
65,000
58,946
6,054
65,000
65,000
Regular maintenance for tree health within the town (spraying, removing, new trees);
scale spraying on town -owned property at approx. $120 per tree; Initiating tree -planting
program for lost trees
Forest Health Management
195,000
198,322
(3,322)
225,000
225,000
Pine beetle mitigation in conjunction w/ forest service; Wildfire prevention measures
Street Furniture Replacement
325,000
74,980
250,020
250,020
250,020
Re -appropriate for new recycling ordinance trash containers received in 2015
Glen Lyon Bridge
-
-
-
150,000
150,000
Re -decking of recreation path bridge; structural repairs & railings; too large a project to
include in annual rec path captial maintenance
Alpine Garden Support
65,620
65,620
67,000
67,000
Annual operating support of the Betty Ford Alpine Gardens; assumes 2% increase per
year
Alpine Garden Education Center
-
-
-
500,000
500,000
Awarded per Council contributions
Eagle River Watershed Programs
86,000
37,972
48,028
63,240
63,240
Annual support of the Eagle River Watershed Council programs; assumes 2% increase
per year
Actively Green by 2015 Program
37,000
18,500
18,500
20,000
18,500
38,500
Council Contribution for continuation of this town -wide recycling education and certification
program run by Walking Mountains; Re -appropriate 2014 unused because program
spanned across years
Fencing around West Vail Community Garde
18,500
18,500
Public Art - Operating
95,920
96,568
648
100,248
-
100,248
Art in Public Places programming
Environmental Sustainability
527,500
308,197
219,303
321,586
219,303
540,889
Re -appropriate unused recycling rebate program dollars to be used toward public
education, outreach, fabric bags, etc. Environmental Sustainability programs; 2015
Includes new environmental planner position;
Total Maintenance
3,141,054
2,402,263
738,791
3,398,575
487,823
3,886,398
Rec. Path Capital Maint
104,796
84,756
20,040
103,989
20,040
124,029
Capital maintenance of the town's recreation path system. Re -appropriate $20K for
preliminary planning for the relocation of the trail that runs through the LH gondola area
Park / Playground Capital Maintenance
128,838
126,412
2,426
98,500
-
98,500
Annual maintenance items include projects such as playground surface refurbishing,
replacing bear -proof trash cans, painting/staining of play structures, picnic shelter
additions/repairs, and fence maintenance.
Donovan Park Master Plan
5,000
-
5,000
379,000
5,000
384,000
2015 safety improvements to playground / park (10-11 years old); Re -appropriate $51K
planning
Flood Incident Repairs
847,795
43,252
804,543
804,543
804,543
Re -appropriate for re -stabilization of Dowd Junction path
Library Recreation Path Reconstruction
240,000
3,420
236,580
945,000
236,580
1,181,580
Reconstruction of the recreation path from the Vail Library to Lionshead, including 12 ft
wide concrete trail, repairs to eroded culverts at Middle Creek and stream bank erosion
repair (50 ft. section); Construction to begin in 2015. $237K to be used for design.
Streambank/tract mitigation
1,684,834
84,972
1,599,862
1,000,000
1,000,000
Re -appropriate to complete the Gore Creek Strategic Action Plan; Includes estimates for
streambank repairs (from water to bank) and riparian repairs (from bank to land area and
revegetation).; mapping of water infrastructure, community education and outreach. Re -
appropriate $1 M and transfer remaining $600K to 2016 to accompany total project to be
refined once the strategic action plan is complete.
Water Quality / Storm Water
449,900
327,681
1 �p�g�
, (
/2015
122,219
122,219
Would accompany repairs made with streambank/tract mitigation for storm water and
culverts.
TOWN OF VAIL 2015 BUDGET
SUMMARY OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
REAL ESTATE TRANSFER TAX FUND
2015
Proposed
2014
2014
Variance
Original
list
2015
Amended
Actual
Fav /(Unfav)
Budget
Supplemental
Amended
Comments
Skate Park - Temporary
260,000
50,534
209,466
209,466
209,466
Replacement of temporary skate park; Keep in the budget until permanent skate park
finalized
Permanent Skate Park
75,000
-
75,000
75,000
75,000
Design & planning for a permanent skate park at the "Atrium" site.
Ford Park Portal Improvements
250,000
250,000
250,000
250,000
TOV portion of improvements to six portals into Ford Park
Vail Trail
-
-
250,000
250,000
Placeholder for new Vail Trail
Bike Lanes: N Frontage Rd
1,500,000
347,384
1,152,616
_
-
Moved up to 2014 from 2015 to correspond with CDOT overlay next year; Bike lane
shoulder from Red Sandstone school to Buffehr Creek
Bike Lanes: S Frontage Rd
500,000
173,692
326,308
Bike lane shoulders: In 2013 from West Vail roundabout to Matterhorn; 2014 from
Matterhorn to Cascade to be done in conjuction with Cascade CDOT parking project
Ford Park Playground Safety Improvements
450,000
52
449,948
Moved to Lower Bench Improvements (below)
Ford Park Playground / Lower Bench Impr
-
-
-
380,000
961,122
1,341,122
Public restrooms ($511 K), playground safety improvements ($449.9K), and $380K for
lower bench improvements such as the waterline relocation, new pavers and ADA parking
Ford Park parking lot slope re -vegetation
100,000
-
100,000
-
100,000
100,000
Re -vegetate the slope down toward the river at the Ford Park parking lot originally scdhule
in 2014
Booth Creek Playground
385,250
13,078
372,172
372,172
372,172
$120K for design/engineering; remainder for potential start this fall
Booth Creek Park Redevelopment
512,000
-
512,000
-
-
-
Redevelopment of entire park including tennis courts, covered areas and playground
structures; Tennis court ($262K) and playground ($250K) originally budgeted in 2014 will
occur when overall park is reconstructed (budgeted in 2016)
Public Art - General program / art
390,831
37,154
353,677
85,000
359,226
444,226
To purchase sculptures, artwork, art programs and events; remainder is re -appropriated
each year to accumulate enough funds
Public Art - Winterfest
78,730
31,000
47,730
80,280
80,280
Carry over balance from 2014 and recognize donations made for Winterfest event.
Total Enhancements
7,962,974
1,323,386
6,639,588
1,991,489
4,845,649
6,837,138
VRD-Managed Facility Projects
Recreation Enhancement Account
-
-
134,654
-
134,654
Annual rent paid by Vail Recreation District; to be re -invested in asset maintenance
Golf Course - Other Improvements
834,092
751,891
82,201
31,782
82,201
113,983
2015 golf maintenance building repairs
Dobson Ice Arena
144,475
144,475
-
124,133
-
124,133
Renovate changing rooms and restrooms
Ford Park/ Tennis Center Improvements
12,270
371
11,899
85,031
11,899
96,930
Renovate Tennis Club Roof
Athletic Fields
15,604
-
15,604
59,714
15,604
75,318
Renovate Restrooms
Gymnastics Center
50,000
49,606
394
-
-
-
Unexpected foundation leak required immediate attention
Total VRD-Managed Facility Projects
1,056,441
946,344
110,097
435,314
109,703
545,017
New Assets
Golf Clubhouse and Nordic Center (CCF)
6,268,629
207,282
6,061,347
9,961,347
9,961,347
Total includes $1.165M reimbursement from VRD, allocation of Recreation Enhancement
Funds thru 2014 and Conference Center funds of $3.8M (Total project cost originally
estimated at $6.8M, but per Council Sept'14, approved additional $3.9M cost to project.
This was originally budgeted in 2016, but moving forward to accomany the contract for
work
Ford Park Improvements & Fields (CCF)
4,080,792
3,455,517
625,275
625,275
625,275
Re -appropriated balance less $380K for lower bench improvements (waterline, pavers
and ADA parking) to the Ford Park Lower Bench Improvements project (see above).
Public Restrooms
511,174
-
511,174
_
-
Transfer unused 2014 funds to the Ford Park Lower Bench Improvements project for
public restrooms (budget was split)
Total New Assets:
10,860,595
3,662,799
7,197,796
10,586,622
10,586,622
Total Expenditures
23,021,064
8,334,792
14,686,272
5,825,378
16,029,798
21,855,176
Other Financing Sources (Uses)
Transfer from Conference Center Fund
1,836,318
1,836,318
-
-
Revenue Over (Under) Expenditures
(13,468,620)
(469,626)
(12,700,914)
37,871
(15,064,165)
(15,026,294)
Beginning Fund Balance
16,848,758
16,848,758
3,376,676
12,700,914
16,379,132
Ending Fund Balance
$ 3,380,138
$ 16,379,132
$ 3,414,547
$ 1,352,838
CFPA FPOki] IN
TOWN OF VAIL 2015 BUDGET
SUMMARY OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
HEAVY EQUIPMENT FUND
Expenditures
Salaries & Benefits
Operating, Maintenance & Contracts
Capital Outlay
973,366 934,286 39,080 994,189
1,482,474 1,522,728 (40,254) 1,467,757
1,150,864 734,910 415,954 839,700
994,189
1,467,757
Vehicles budgeted in 2014, but taking receipt in
415,954 1,255,654 2015 (Detectives Ford Explorer, Polaris Ranger,
Street Sweeper, Sewer Jetter, Emergency lights
for FD Tahoe, Dumb Bed for Ford 550)'
Total Expenditures
2014
3,191,924
414,780 3,301,646
2015
2015
(453,322)
Proposed
2014
Variance
Original
list Proposed
2,271,673
Amended
Actual
Fav / (Unfav)
Budget
Supplemental Amended Comments
Revenue
$ 1,633,528
Town of Vail Interagency Charge
$ 3,011,352
$ 2,967,482
$ (43,870)
$ 3,011,352
$ $ 3,011,352
Insurance Reimbursements & Other
-
59,309
59,309
-
-
Earnings on Investments
14,650
14,146
(504)
14,650
14,650
Equipment Sales and Trade-ins
127,380
56,170
(71,210)
148,270
148,270
Total Revenue
3,153,382
3,097,107
(56,275)
3,174,272
3,174,272
Expenditures
Salaries & Benefits
Operating, Maintenance & Contracts
Capital Outlay
973,366 934,286 39,080 994,189
1,482,474 1,522,728 (40,254) 1,467,757
1,150,864 734,910 415,954 839,700
994,189
1,467,757
Vehicles budgeted in 2014, but taking receipt in
415,954 1,255,654 2015 (Detectives Ford Explorer, Polaris Ranger,
Street Sweeper, Sewer Jetter, Emergency lights
for FD Tahoe, Dumb Bed for Ford 550)'
Total Expenditures
3,606,704
3,191,924
414,780 3,301,646
415,954 3,717,600
Revenue Over (Under) Expenditures
(453,322)
(94,817)
358,505 (127,374)
(415,954) (543,328)
Beginning Fund Balance
2,271,673
2,271,673
1,818,351
358,505 2,176,856
Ending Fund Balance
$ 1,818,351
$ 2,176,856
$ 1,690,977
$ 1,633,528
4/21/2015
9
TOWN OF VAIL 2015 BUDGET
SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE
TIMBER RIDGE ENTERPRISE FUND
Operating Income
Non-operating Revenues (Expenses)
Interest on Investments
Loan Principal Repayment to Capital Projects
Fund
Interest Payment to Capital Projects Fund
Revenue Over (Under) Expenditures
Beginning Fund Balance
Ending Fund Balance
(382,956) 465,161 848,117 505,151 (572,000) (66,849)
2,044
1,812
(232) 1,560
1,560
(345,966)
(345,966)
2015
- (351,155)
2014
2014
Variance
2015
1st
Proposed
Amended
Actuals
Fav / (Unfav)
Budget
Supplemental
Amended
Revenue
663,224
847,890 1,511,114
Rental Income
$ 1,315,763
$ 1,341,308
$ 25,545
$ 1,182,948
$ 1,182,948
Other Income
16,658
5,136
(11,522)
11,900
11,900
Total Revenue
1,332,421
1,346,444
14,023
1,194,848
-
1,194,848
Expenditures
Operating, Maintenance & Contracts
689,933
622,967
66,966
589,697
589,697
Capital Outlay
1,025,444
258,316
767,128
100,000
572,000
672,000
Total Expenditures
1,715,377
881,283
834,094
689,697
572,000
1,261,697
Operating Income
Non-operating Revenues (Expenses)
Interest on Investments
Loan Principal Repayment to Capital Projects
Fund
Interest Payment to Capital Projects Fund
Revenue Over (Under) Expenditures
Beginning Fund Balance
Ending Fund Balance
(382,956) 465,161 848,117 505,151 (572,000) (66,849)
2,044
1,812
(232) 1,560
1,560
(345,966)
(345,966)
- (351,155)
- (351,155)
(143,748)
(143,743)
- (138,487)
(138,487)
(870,626)
(22,736)
847,890 17,069
(572,000) (554,931)
1,530,027
1,530,027
663,224
847,890 1,511,114
$ 659,401 $ 1,507,291 $ 680,293 $ 275,890 $ 956,183
4/21/2015
10
ORDINANCE NO. 5
SERIES OF 2015
AN ORDINANCE MAKING BUDGET ADJUSTMENTS TO THE TOWN OF VAIL GENERAL
FUND, CAPITAL PROJECTS FUND, REAL ESTATE TRANSFER TAX FUND, HEAVY
EQUIPMENT FUND, AND TIMBER RIDGE ENTERPRISE FUND OF THE 2015 BUDGET FOR
THE TOWN OF VAIL, COLORADO; AND AUTHORIZING THE SAID ADJUSTMENTS AS SET
FORTH HEREIN; AND SETTING FORTH DETAILS IN REGARD THERETO.
WHEREAS, contingencies have arisen during the fiscal year 2015 which could not have
been reasonably foreseen or anticipated by the Town Council at the time it enacted Ordinance No.
18, Series of 2014, adopting the 2015 Budget and Financial Plan for the Town of Vail, Colorado;
and,
WHEREAS, the Town Manager has certified to the Town Council that sufficient funds are
available to discharge the appropriations referred to herein, not otherwise reflected in the Budget, in
accordance with Section 9.10(a) of the Charter of the Town of Vail; and,
WHEREAS, in order to accomplish the foregoing, the Town Council finds that it should make
certain budget adjustments as set forth herein.
NOW, THEREFORE, BE IT ORDAINED, BY THE TOWN COUNCIL OF THE TOWN OF
VAIL, COLORADO that:
Pursuant to Section 9.10(a) of the Charter of the Town of Vail, Colorado, the Town
Council hereby makes the following budget adjustments for the 2014 Budget and Financial Plan for
the Town of Vail, Colorado, and authorizes the following budget adjustments:
General Fund $ (48,000)
Capital Projects Fund 5,706,234
Real Estate Transfer Tax Fund 16,029,798
Heavy Equipment Fund 415,954
Timber Ridge Enterprise Fund 572,000
Total $ 22,675,986
2. If any part, section, subsection, sentence, clause or phrase of this ordinance is for any
reason held to be invalid, such decision shall not affect the validity of the remaining portions of this
ordinance; and the Town Council hereby declares it would have passed this ordinance, and each
part, section, subsection, sentence, clause or phrase thereof, regardless of the fact that any one or
more parts, sections, subsections, sentences, clauses or phrases be declared invalid.
Ordinance No. 5, Series of 2015
4/21/2015
3. The Town Council hereby finds, determines, and declares that this ordinance is
necessary and proper for the health, safety, and welfare of the Town of Vail and the inhabitants
thereof.
4. The repeal or the repeal and reenactment of any provision of the Municipal Code of
the Town of Vail as provided in this ordinance shall not affect any right which has accrued, any duty
imposed, any violation that occurred prior to the effective date hereof, any prosecution commenced,
nor any other action or proceedings as commenced under or by virtue of the provision repealed or
repealed and reenacted. The repeal of any provision hereby shall not revive any provision or any
ordinance previously repealed or superseded unless expressly stated herein.
5. All bylaws, orders, resolutions, and ordinances, or parts thereof, inconsistent herewith
are repealed to the extent only of such inconsistency. This repealer shall not be construed to revise
any bylaw, order, resolution, or ordinance, or part thereof, theretofore repealed.
INTRODUCED, READ, APPROVED, AND ORDERED PUBLISHED ONCE IN FULL ON
FIRST READING this 7th day of April, 2015, and a public hearing shall be held on this Ordinance on
the 21st day of April, 2015, at the regular meeting of the Town Council of the Town of Vail,
Colorado, in the Municipal Building of the town.
Andrew P. Daly, Mayor
ATTEST:
Patty McKenny, Town Clerk
READ AND APPROVED ON SECOND READING AND ORDERED PUBLISHED IN FULL this 21st
day of April 2015.
ATTEST:
Patty McKenny, Town Clerk
Ordinance No. 5, Series of 2015
Andrew P. Daly, Mayor
4/21/2015
VAIL TOWN COUNCIL AGENDA MEMO
MEETING DATE: April 21, 2015
ITEM/TOPIC: Adjournment (8:00 pm)
4/21/2015
TOWN OF VAIN