HomeMy WebLinkAbout2015-07-07 Agenda and Supporting Documentation Town Council Work SessionNOTE
2
VAIL TOWN COUNCIL
WORK SESSION AGENDA
VAIL TOWN COUNCIL CHAMBERS
75 S. Frontage Road W.
Vail, CO 81657
8:30 A.M., JULY 7, 2015
TOWN QFVAIL�
Times of items are approximate, subject to change, and cannot be relied
upon to determine at what time Council will consider an item.
Public comments on work session item may be solicited by the Town
Council.
ITEM/TOPIC: 2016 Budget Preview - The Grand View (on top of the
Lionshead Welcome Center), 395 E. Lionshead Circle, Vail, CO. 81657
(120 min.)
PRESENTER(S): Town Manager and Department Directors
ACTION REQUESTED OF COUNCIL: Feedback on initial preview of the 2016
budget
BACKGROUND: The purpose of this meeting is to provide a high-level preview
of the town's 2016 budget process, and gather feedback from Council on
preliminary budget assumptions. Town Council will review all aspects of the
budget throughout the next five months, with final budget ordinance reading
currently scheduled for October 20th.
ITEM/TOPIC: DRB/PEC Update (10 min. )
PRESENTER(S): Jonathan Spence, Planner
3. ITEM/TOPIC: Information Update:
1) Economic Indicators Report
2) Transportation Services - Signage Update
3) April 2015 Vail Business Review
4) May 2015 Sales Tax
5) June 2015 Revenue Highlights (5 min. )
4. ITEM/TOPIC: Matters from the Mayor, Council and Committee Reports
(15 min.)
5. ITEM/TOPIC: Executive Session, pursuant to 1) C.R.S. §24-6-402(4)(b) -
to receive legal advice on specific legal questions; Regarding: update on
pending litigation; 2) C.R.S. §24-6-402(4)(b)(e) - to receive legal advice on
specific legal questions; and to determine positions, develop a strategy
and instruct negotiators, Regarding: Vail Valley Medical Center
Development Agreement. (20 min. )
PRESENTER(S): Matt Mire, Town Attorney
7/7/2015
6. ITEM/TOPIC: Adjournment (11:20 a.m.)
NOTE: UPCOMING MEETING TOPICS AND ESTIMATED TIMEFRAMES
BELOW (ALL ARE APPROXIMATE DATES AND TIMES AND SUBJECT
TO CHANGE)
THE NEXT REGULAR VAIL TOWN COUNCIL MEETING WORK
SESSION WILL BEGIN AT APPROXIMATELY 12:30 P.M. (or TBD),
TUESDAY, JULY 21, 2015 IN THE VAIL TOWN COUNCIL CHAMBERS.
Ongoing agenda items
DRB/PEC updates WS - 15 min.; Information Updates Attachments: WS -
15 min.; Executive Session items: 30 min.; Consent Agenda: 5 min.; Town
Manager Report: 5 min.
Future agenda items:
San Miguel de Allende Mexico Delegation Visit - 7/16 through 7/19
Second Reading Supplemental Budget Ordinance - 7/21
Meet w/ Avon Town Council - discuss topics of regional interest - 7/21
Booth Creek Park Update - 7/21
Wildlife Mitigation Update - 7/21
1-70 Underpass Project - IGA and contract for design and construction -
7/21
Joint meeting with VLHA - July
Special VLMD Meeting VLMD 2016 Operating Plan - WS - 9/1
Whistler Delegation Visit - 10/14
2016 VLMD Budget Resolution - ES - 10/20
Joint Meeting with VEAC (DestiMetrics Mountain Travel Update) - WS -
12/15
2016 CSE Funding Allocation Recommendation - ES - 12/15
Proposed future agenda items
CIRSA Charter Review - TBD
Review Night Sky Code Enforcement Standards for holiday and outdoor
lights (when to turn on/off) - TBD
EGE Air Alliance Update - TBD
Cleanup Title 12, zoning amendments
Fee Schedule Revisions
TIF Update
Please call (970) 479-2138 for additional information. Sign language
interpretation is available upon request with 48-hour notification. Please call
(970) 479-2356, Telecommunication Device for the Deaf (TDD), for
information.
7/7/2015
TOWN OF VAIN
VAIL TOWN COUNCIL AGENDA MEMO
MEETING DATE: July 7, 2015
ITEM/TOPIC: 2016 Budget Preview - The Grand View (on top of the Lionshead Welcome
Center), 395 E. Lionshead Circle, Vail, CO. 81657
PRESENTER(S): Town Manager and Department Directors
ACTION REQUESTED OF COUNCIL: Feedback on initial preview of the 2016 budget
BACKGROUND: The purpose of this meeting is to provide a high-level preview of the town's
2016 budget process, and gather feedback from Council on preliminary budget assumptions.
Town Council will review all aspects of the budget throughout the next five months, with final
budget ordinance reading currently scheduled for October 20th.
ATTACHMENTS:
Budget preview
7/7/2015
Budget Preview Session
Agenda
I. Introduction —Stan Zemler
II. Revenue assumptions — Kathleen Halloran
III. Capital Plan
IV. Unfunded List and Reserves discussion
V. Vail Reinvestment Authority Capital Plan
VI. Additional discussion / Any potential impacts to the 2016 budget staff
should be aware of?
7/7/2015
rowN of vain
Memorandum
TO: Vail Town Council
FROM: Town Manager / Department Heads
DATE: July 2, 2015
SUBJECT: 2016 Budget Preview
I. SUMMARY
The purpose of this meeting is to provide a high-level preview of the town's 2016 budget
process and gather feedback from Council on preliminary budget assumptions. This feedback
will be used to provide budget guidelines to the departments for the creation of the 2016
proposed budget. Town Council will review all aspects of the budget throughout the next five
months, with the final budget ordinance reading currently scheduled for October 20th. Please
see Appendix B for the Budget Timetable outlining the meeting schedule for budget topics.
II. BACKGROUND
At this time last year, Town Council addressed some significant impacts to the 2015 budget
year including operational costs of hosting the 2015 World Alpine Ski Championships, the
impact of the Affordable Care Act and tactics developed from the TOV Organizational Action
Plan (a department -level document mirroring Council's Action Plan). As we are part-way
through the year, I'm pleased to report that the town's portion of operational expenditures for the
2015 Championship event came in under budget, and we continue to have enough budgeted to
cover the near-term healthcare impacts of the Affordable Care Act. While those first two items
are no longer budgetary concerns, departments will work to propose a 2016 budget that
continues to strive for the goals stated in the Organizational Action Plan. Specifically, the two
focus areas outlined in that document are:
Ensure Vail's Future Competitiveness — From the Inside Out
GOAL: Invest in organizational development strategies with a commitment toward
training and resources that will strengthen and sustain Vail's tradition of excellence at all
levels by building leadership capacity from within and by continuously documenting and
transferring our institutional knowledge, know-how, systems, guest service focus and
spirit of ingenuity in everything we do. As employer of choice, we will attract the best
and brightest team members who will passionately contribute their own unique talents to
ensure that Vail's desired future as the premier international mountain resort community
is our number -one focus.
2. Deliver High Quality, Cost Effective Municipal Services That Contribute to our
Vision to be the Premier International Mountain Resort Community.
GOAL: Provide customer -driven municipal and resort services in outstanding ways with
a focus on elevating our quality, convenience and efficiency in delivering on the
promise, "Vail, Like Nothing on Earth."
7/7/2015
Another guiding document for the development of the 2016 budget is the Council Action Plan for
2014 — 2016 (included for reference as Appendix A) which is geared toward continuing Vail's
leadership position. While many of the key initiatives in the action plan have either been
completed or are on-going, in the 2016 budget proposal departments will continue to implement
the goals and initiatives outlined in the Council Action Plan. Those goals include:
ENHANCE ECONOMIC VITALITY: Grow a vibrant and diverse economy that keeps us
at the forefront of our resort competitors for the long-term with continued opportunities
for private and public investment and philanthropy.
GROW A BALANCED COMMUNITY: Expand upon our community infrastructure as the
foundation of our community's success- with particular emphasis on an abundance of
recreational, cultural and educational opportunities while building capacity for future
leaders.
CONTINUALLY ELEVATE THE QUALITY OF THE EXPERIENCE: Deliver on the
promise, "VAIL, Like nothing on earth," in everything we do.
During 2014, the town commissioned a competitiveness study, which was presented and
discussed with Town Council on December 2, 2014. The study results prompted policy and
budget decisions that have helped maintain Vail's standing and successfully preserve revenue
streams for the town. This study is another useful document in the creation of the future budget.
III. BUILDING THE BUDGET
Budget Philosophies & Timetable:
The proposed timetable for the Town Council's review of the 2016 budget is included in
Appendix B. In addition, there are standard philosophies and practices developed over
time and agreed to or revised each year by Council:
• Budget will reflect the town's vision and supports the Town Council's areas of
strategic focus
• Revenues are projected conservatively using analytical processes
• When appropriate, new programs are funded by new or increased revenues or
reallocation of existing revenue
• Recommended General Fund balance at least 25% of budgeted revenue
• Town develops a five-year financial projection for all major funds, including a long-
term capital improvement plan
• The town will operate within annual revenue streams (minimum expectation of
"break-even"), with the exception of Extraordinary Event funding from reserves
• The sales tax "split" between the General Fund and Capital Projects Fund is set
by ordinance, subject to annual review. Currently, staff recommends maintaining
the current "split" of 62% to the General Fund and 38% to the Capital Projects
Fund.
Revenue Proiections:
We have included a preliminary review of revenue assumptions (Appendix C) to be used as a
basis for the projection of annual revenues. Revenue projections set the stage for direction
given to the internal departments regarding annual operating expenditures. Staff is proposing a
conservative approach to revenue projections based on concern over the sustainability of a
Town of Vail
Page 2
7/7/2015
high growth rate year after year. In a recent presentation by Destimetrics, the winter lodging
"average daily rate" (ADR) was up 11 %, with occupancy flat (0% growth). This was compared
to other resorts where ADR grew 5% and occupancy grew 6%, for a total growth of 11 %. While
Vail's performance was level with the competition, all of Vail's growth was due to ADR for this
past winter season. Advisory groups such as the Vail Local Marketing District and the Vail
Economic Advisory Council have raised questions about the sustainability of those high lodging
rates, and concern over the lack of occupancy growth.
These conversations have been considered in staff's proposed sales tax projection of a 5%
increase over the 2015 budget (a 4% increase from projected 2015 results and a 7.6%
increase from 2014. Sales tax collections in 2015 are currently pacing 4.5% higher than 2014
due to a very strong spring season, however the final year-end number is projected to land at an
increase of 3.4% over 2014. Other major revenue assumptions are summarized on page C-1,
with additional details on page C-2.
Capital Plan & Reserves:
Town reserves are projected to be $48.3 million at the end of 2015 from a previous high of
$72.8 million in 2011. While reserves continue to be stable and healthy, they will be reduced
down to a low of $37.1 million in 2019 upon completion of significant capital projects underway
such as the Vail Golf and Nordic Clubhouse, Guest Service Enhancements, 1-70 Underpass,
and the Booth Creek Park redevelopment.
A ten-year history and a five-year projection of town reserves is included within Appendix
D (page D-1) to demonstrate the build up of reserves to the peak years of 2010 and 2011
as well as the utilization of those reserves for the cash -funding of many major capital
infrastructure improvements. Listed below are a few of the more significant capital
projects paid by the Capital Projects Fund, RETT Fund and Conference Center Fund
accomplished over the past five years:
• West Vail Fire Station (2010/2011) $5.2M
• Hybrid buses (2011) $2.2M
• Lighting improvement in parking structures (2011) $2.OM
• Frontage Road Parking Improvements (CDOT agreement) (2012/2013)
• Guest Service Enhancements (2012-2014) $2.3M, with more planned in future years
• Main Vail Fire Station (2012/2013) $2.4M
• Frontage Road Bike Lanes (2011-2014) $3.3M
• Ford Park Fields (2012-2014) $11.OM
• Ford Park Amphitheater (2013) $1.2M
Looking forward, the reserve chart on page D-2 demonstrates available funding
sources for future capital maintenance and upcoming capital projects. The 5 -year capital
plan is presented to Council in a separate work session (currently scheduled for
September 1st), however a preliminary look is included here (pages D-3-8).
Some of the larger capital projects currently budgeted in the 5 -year capital plan include a
renovation of the East Vail Fire Station, infrastructure for a future Chamonix affordable housing
development, a redevelopment of Booth Creek Park, completion of the Vail Golf and Nordic
Clubhouse and the 1-70 Underpass. With planning and design dollars for a municipal remodel in
Town of Vail Page 3
7/7/2015
the 2015 budget, staff will propose putting back in dollars for the construction work in the
proposed 5 -year plan. Staff will also review the schedule of planned projects to ensure that the
timing of projects is reasonable given staff resources and adequate time for public process.
The most recent list of "Unfunded" capital projects is also included on page D-9, however
the cost estimates and list of projects has not been updated since last year. Newly
identified projects for Council's consideration in future capital discussions might include:
• Chamonix Housing Development
• Water Quality Strategic Plan Implementation
• Intermountain Fuels Reduction project
• Renovation of Town Hall
Operatina Budaet:
Major considerations for the 2016 expenditure budget include annual merit pool increases,
operating expenditure increases, and funding of special events.
The Human Resource department will compile comparative compensation information once
regional survey results are available to be presented at a future meeting. Merit increases have
averaged 2.6% over the past 6 years, with the following annual increases starting with 2010:
0%, 2011: 2%, 2012: 3%; 2013: 4%; 2014: 3% and 2015: 4% plus exceptional performer bonus
pool. As a comparison, the Denver/Boulder consumer price index (CPI) has averaged 2.62%
over the same time period. Each year staff reviews the town's ability to pay in the current and
future years as part of the compensation plan. An example includes 2009, when after several
years of financial growth the original budget included a 6% merit, which was later reduced to 4%
due to the recession. Staff proposes that preliminary expenditure considerations include a
minimum of a 5% performance-based merit to address our need to "catch up" to comparative
employers and to work toward our goal of being an "employer of choice".
Staff also proposes that the initial budget draft include a 1% increase for general, or "base"
operating expenses and a 3% increase for special events and Council contributions. The
1 % increase to operational expenditures does not include specific increases that may be
requested by departments to meet the stated goals of the upcoming budget year.
For the past several years, Council has approved funding increased bus service and parking
services (hosts and enforcement) to improve frontage road parking issues and enhance guest
service during summer events. The town's headcount does not currently reflect those increased
services due to the initial intent to provide them on a temporary basis. With Council's direction
on May 5th to continue these services, as well as additional bus service to Ford Park this
summer, staff recommends adjusting the headcount (no monetary adjustment required). The
estimated impact is an increase of approximately 5.0 to 6.0 FTEs. Staff intends to review
service levels and make a recommendation to Council to adjust headcount during the 2016
budget process.
During the 2016 budget process, staff will also continue to analyze impacts on town core
service levels caused by services needed for special events. During 2015, the town will spend
$2.6 million on "tourism" such as special events and support of town economic services (not
including any spending on the 2015 World Alpine Skiing Championships). The town also
provides in-kind services such as police and public works support, parking vouchers and use of
Donovan Pavilion and the Grand View facilities. Guest service expectations and high quality
Town of Vail Page 4
7/7/2015
standards command resources for streets and cleanliness of facilities. However, normal
maintenance items (some unseen such as boiler maintenance and building repair) are
sometimes deferred until time allows. This may cause unintended issues with the proper care
of town assets. Staff will propose solutions in the upcoming budget discussions.
Long-term impacts to operational expenditures will be built into the 5 -year General Fund
and RETT Fund following the completion of new town facilities and capital projects. Examples
include increased park and landscaping maintenance once East Vail Interchange and Booth
Creek Park projects are completed, as well as operational impacts due to environmental
initiatives such as mandatory recycling and water quality.
Vail Reinvestment Authority Plan
Recent legislative changes to urban renewal authorities will potentially impact the town's Vail
Reinvestment Authority (VRA). Appendix E is a 15 -year projection of revenue streams and
includes projects planned for the next 5 years.
Projects funded by VRA over the past five years:
• Lionshead Transit Center (2010/2011) (Federal funded $5.1 M nearly 80% of total $5.8M
cost); VRA portion $0.7M
• Lionshead Welcome Center (2011) $7.9M
• East and West Portals into Lionshead (2013) $2.5M
• Vail Library Remodel (2012/2013) $2.2M
• Sun Bird Park (2013) $966,000
• Lionshead Parking Entry (2014) $2.OM
During the 2016 capital discussions, longer-term capital projects within the VRA district will be
reviewed for inclusion in the 15 -year VRA plan.
ACTION REQUESTED
The feedback given during this work session will help establish a foundation from which to build
the 2016 budget, and is not considered an "approval" of any particular item within the budget.
Upcoming budget presentations as outlined in the timetable (Attachment A) will provide more
opportunities for adjustments. However, in order to give direction to departments in beginning
to build their budgets, staff is requesting feedback on the following:
1. Does Council agree with the standard budget philosophies and practices?
2. Does Council have comments on staff's preliminary revenue assumptions?
3. Would Council agree to use as one of the assumptions a minimum 5%
merit pool in an initial budget proposal?
4. Is Council comfortable with assuming a 1 % general/"base" operating
increase with exceptions for specific new department requests?
5. Is Council comfortable with assuming a 3% increase to event and Council
contributions line items?
6. Are there changes Council would like us to consider as we bring the 5 -year
capital projects budget forward?
7. Is there anything else you would like staff to be aware of as we build the
budget?
Town of Vail
Page 5
7/7/2015
APPENDIX A
7/7/2015
M
41
V
ELEVI
1
2014-2016
A
THE
PREMIER �
INTERNATIONAL
MOUNTAIN RESORT
COMMUNITY
s
THE TOWN OF VAIL continues to focus on being the premier international mountain resort community.
That focus is most evident in three specific areas: enhancing ECONOMIC vitality, growing a balanced COMMUNITY
and continually elevating the quality of the EXPERIENCE. In this report, learn more about what is happening in each
of these areas to secure Vail's premier position.
_ 7/7/2015
i t -
COUNCIL ACTION, PLA
ENHANCE
ECONOMIC
VITALITY
I Grow a vibrant and diverse economy that
keeps us at the forefront of our resort
competitors for the long-term with
continued opportunities for private and
public investment and philanthropy.
— Long-term strategic plan to enhance
FF competitiveness of TOV
— Economic diversity strategy
— Air service expansion leadership
— TOV endowment fund
Big
11 M1111
GROW
A BALANCED
COMMUNITY
Expand upon our community
infrastructure as the foundation of our
town's success with particular emphasis
on an abundance of recreational, cultural
and educational opportunities while
building capacity for future leaders.
— Balanced community composition ,
— Practical housing policy
— Red Sandstone Elementary School strategy
— Residential remodel process improvements
i,t
— Future leadership program
CONTINUALLY ELEVATE THE QUALITY
OF THE EXPERIENCE
Deliver on the promise, "VAIL Like nothing on earth,"
in everything we do.
— Excellent municipal — Appropriately -sized — World-class
services environmental programs recreational amenities
— Convenient and efficient — Effective marketing initiatives — 1-70 impact mitigation
parking and transportation — Cutting-edge technology
competitiveness
11:11
FOCUS AREA I - ENHANCE ECONOMIC VITALITY
GOAL: Grow a vibrant and diverse economy that keeps
us at the forefront of our resort competitors for
the long-term with continued opportunities
for private and public investment and
philanthropy.
KEY INITIATIVES & TACTICS
♦ Develop a long-term plan to enhance our competitiveness as a resort community with Town Council adoption by October 2014.
— Conduct a review of existing research, develop competitive assessment (peer resort visits, analysis of infrastructure/facilities,
tax strategy, service delivery, etc.) and recommend actions.
— Components of the plan should include: 1) redirecting VLMD dollars, special events funding and expanding St. Moritz Sister City
activities to grow the destination and international overnight guest market; 2) identifying strategies to increase the effectiveness of
other marketing initiatives, including a review of the VLMD charter and further leveraging alignment between CSE and VLMDAC; 3)
recommendations from Village Character Study; and 4) establishing 2015 and 2016 budgets to align with long-term plan.
♦ Continue an ongoing focus on maintaining economic diversity that allows our economy to flourish while protecting it from
fluctuating market conditions.
— Assess current economic drivers and determine key leverage points for increased diversity.
— Focus includes: 1) an emphasis on the destination orthopedics market that will bring more medical meetings to Vail and other related
activities; 2) facilitating completion and implementation of the Vail Valley Medical Center Master Facilities Plan; 3) continuing to
market health and wellness assets; 4) strengthening ties with small businesses by engaging VEAC, VCBA and VVP to help identify
additional town -related roles and/or actions for consideration; and 5) improving the regulatory environment for doing business in Vail
by continuing to improve development review process, special event permit process and storefront improvement incentive program for
2015 World Championships.
♦ Provide leadership to expand EGE air service.
— Develop a strategy to provide support to expand EGE air service including continued dialogue for international terminal and funding for
flight guarantees for markets of interest to Vail.
♦ Develop and promote a TOV Endowment Fund to be launched in January 2015.
Establish organizing committee to create Town of Vail endowment fund with development of purpose statement, governance structure
and investment policy.
Research investment managers and banking institutions.
— Determine appropriateness of "Friends of Public Art," "Friends of Gore Creek" and "Friends of Trails."
3
7/7/2015
- � . - _ -. -- .. ^ .-� � .. .. .... � - .. -. � ..� -._ F^•. �. - -. .ice- - �, r -- � �,
1111►NiM►N111HEUM
FOCUS AREA II - GROW A BALANCED COMMUNITY AAMI
GOAL: Expand upon our community infrastructure
as the foundation of our community's success
with particular emphasis on an abundance
of recreational, cultural and educational
opportunities while building capacity for
future leaders.
KEY INITIATIVES & TACTICS
♦ Define a balanced community composition.
— Assess current community composition and determine key leverage points for desired shifts in composition while extending our
geographic perspective to include the upper Eagle Valley (Vail to Edwards).
— Conduct a gap analysis to determine if there are additional amenities to be considered that would influence families to live in Vail.
— Build upon existing strategies that encourage Eagle County residents to utilize Vail (recreation programs, parking programs,
special events, etc.)
♦ Define a practical housing policy.
— Review, update and adopt amendments to the 2008 Town of Vail Housing Strategic Plan.
— Determine potential viability for affordable housing to be built on the Chamonix property in West Vail and build first phase pending
favorable market conditions.
Continue operation and management of western half of Timber Ridge while facilitating construction of Lion's Ridge Village Apartments
on east side.
♦ Develop a plan with the Eagle County School District for Red Sandstone Elementary School
— Review long-term facility maintenance and capital improvements schedule with representatives from Eagle County School District.
— Work with Eagle County School District representatives on long-term plan to retain school as viable community asset.
♦ Improve the regulatory environment for home improvement.
Introduce series of customer service initiatives to further improve the town's development review process to include: 1) permit software;
2) inspection service hardware; 3) document imaging for citizen access; 4) GIS database expansion; and 5) citizen access portal.
♦ Initiate long range planning projects.
— West Vail Master Plan.
— Vail Land Use Plan.
Zoning regulations update.
♦ Design a future leadership program.
— Work with Vail Leadership Institute to develop a leadership program of national renown.
— Reengage in Town of Vail organizational development to promote and support TOV's ongoing success.
— Create a Town of Vail transition plan to develop future leaders to continue the unique traditions, values and culture of the TOV.
7/7/20154
FOCUS AREA III -
CONTINUALLY ELEVATE THE
QUALITY OF THE EXPERIENCE
GOAL: Deliver on the promise,
"VAIL Like nothing on earth,"
in everything we do.
KEY INITIATIVES & TACTICS
♦ Continue to provide excellent municipal services.
— Conduct SWOT analysis to determine future service delivery strategies with early focus on 2015 budget planning.
— Define expectations for service levels, re: "Vail Standards."
— Benchmark municipal service level ratings from 2014 Community Survey.
— Implement service commitments for 2015 FIS Alpine World Ski Championships, Feb. 2-15.
— Develop a standard operating procedure for construction management of multi-million dollar projects.
— Maintain and improve a high level of readiness and response to natural and man-made threats to ensure a safe and secure community
with continued focus on emergency preparedness, including wildland fire mitigation, education, prevention and effective evacuation
strategies.
— Determine future of new town hall.
♦ Improve the quality/convenience of parking and transportation.
— Conduct focus groups/citizen and non user survey assessments to probe quality and convenience issues.
— Replace existing parking equipment in 2014.
— Construct new Lionshead parking structure entry and skier drop off improvements in 2014.
— Complete Frontage Road bike lane/shoulder widening and turn lane projects in spring 2014 in advance of CDOT overlay in summer 2014.
— Implement phase III wayfinding (pedestrian blades, directories/maps and bus stop signs) in 2014.
— Review parking policies regarding supply and demand, as well as operational policies and rates prior to 2014-15 season.
— Determine future use of $4.3 million parking pledge from Vail Resorts.
— Review loading and delivery strategy.
— Complete planning phase by 2015 and construct Vail 1-70 underpass in 2016-17.
— Explore additional park `n ride opportunities with Eagle County.
— Contribute to ECO Transit long-range planning strategies.
(continued on next page)
_ 7/7/20155
.. - . .. .-� .. .. .... � - .. -. .. -._ F^•. �. - .ice-
FOCUS AREA III -
CONTINUALLY ELEVATE THE
QUALITY OF THE EXPERIENCE
GOAL: Deliver on the promise,
"VAIL Like nothing on earth,"
in everything we do.
(continued from previsous page)
♦ Focus on environmental programs appropriate to our size.
— Implement community -wide recycling program.
— Complete actions identified in Gore Creek Water Quality Improvement Plan.
— Continue ongoing stream tract enhancements.
— Implement phase II energy reduction program for town facilities.
— Determine public policy on future use of plastic bags.
♦ Implement cutting-edge technology to ensure competitiveness.
— Complete cellular/Wi-Fi installation by fall 2014.
— Update town -wide camera infrastructure platform, including new bus cameras and Vail/Lionshead Village security cameras by summer
2014.
— Partner with Vail Resorts to share technology infrastructure and future strategies to enhance guest experience.
— Prioritize TOV technology needs, including redesign of website, phone system upgrade, online payments, etc.
♦ Facilitate world-class recreation amenities.
— Complete 18th hole relocation at Vail Golf Club and companion driving range net project.
Remodel Nordic Center/Golf Course Clubhouse.
— Complete upper bench improvements at Ford Park and Amphitheater improvements (on time and on budget).
— Use Ford Park Master Plan and development review process for Betty Ford Alpine Gardens Education Center to ensure facility complies
with world-class standards.
— Complete improvements to lower bench playground and restrooms at Ford Park.
— Design and renovate Booth Creek Park.
— Locate, design and create a timetable to build a permanent skatepark.
♦ Review mitigation strategies to reduce impact of 1-70.
— Pursue noise wall demonstration project.
— Continue sand berm project in East Vail.
— Work with CDOT on maintenance and water quality issues.
_
7/7/2015 6
_ .. ._ _ -. -- .. ^ .-� � .. .. .... � - .. -. � ..: -._ F^•. �. - -. .ice- - �, r -- � �,
n
ti
C
> E a
0 t N
a u 3 .
E E
0
a mac �
a
m _ `m
W T O O
C p m
L
3
U a
" N
d N
'? In
c
c v o Y
4 m m `o E
m o 3
v
N I`a c o a
CL �V
c
4
u
u
o
E
a
N
U a �
¢
O m Na
U.q7
O
c�
2
u
Q
c c
>
o
z
Z
m
w m
>
Z
O
O
T
a o
c y
d v
d ms
E L°
> o.�
m
c
m Ea
m wa°
>
> a��
>a o`
o
-
w
YJ
fqm
o
N
� -
cJ alo m
s
Z
> °
_ a
m N
l7
> w o
O O 6
0
c
L)
> w
A
n
ti
C
> E a
0 t N
a u 3 .
E E
0
a mac �
a
m _ `m
W T O O
C p m
L
3
U a
" N
d N
'? In
C � C - C
vv=Eo
E 0 y N w
f7 w
i
3 w E 3 m
d E
a 0 ° a c -
�
O p
c
c v o Y
4 m m `o E
m o 3
: E
N I`a c o a
CL �V
C
N Cc
qp N N
o
E
a
d N
¢
O m Na
U.q7
O
c�
2
u
Q
Z
O
z
Z
0
O
O
Z
Z
O
O
T
O
O
O
Z
w
C � C - C
vv=Eo
E 0 y N w
f7 w
i
3 w E 3 m
d E
a 0 ° a c -
�
O p
i
O
.NU O N
7/7/20'5
_ Y o
c
c v o Y
4 m m `o E
m o 3
: E
N I`a c o a
CL �V
C
N Cc
qp N N
o
E
>
d N
O m Na
i
O
.NU O N
7/7/20'5
_ Y o
m Q
: E
o
c maN. 'o
wa n
O m Na
U.q7
0
c�
O
0
Z
O
T
O
O
O
Z
w
F
i
O
.NU O N
7/7/20'5
_ Y o
APPENDIX B
7/7/2015
Town of Vail
Proposed 2016 Budget Timetable
Budget Guidelines
Presentation of 2014 audit report to Council
06/02/15 V
Budget Preview - special meeting (includes Major Revenue)
07/07/15
Guidelines distributed to department heads
07/08/15
Staff prepares departmental budgets
07/08/15 to 07/24/15
Capital budget request for county funds
TBD
Town Manager reviews departmental budgets
08/01/15 to 08/14/15
Council discussion of 5 -year Capital and RETT plans; VRA 09/01/15
VLMD Board review of 2016 Operating Plan 09/01/15
Council review of Town Manager's budget - first draft 09/01/15
Budget Documentation and Reporting
First reading of 2015 Supplemental Number One
04/07/15 V
Second reading of 2015 Supplemental Number One
04/21/15 V
First reading of 2015 Supplemental Number Two
07/07/15
VRA Supplemental - Resolution
07/21/15
Second reading of 2015 Supplemental Number Two
07/21/15
VLMD Resolution for VLMD Budget
10/20/15
TOV Resolution for VLMD Budget
10/20/15
First reading of 2016 budget ordinance
10/06/15
Second reading of 2016 budget ordinance
10/20/15
Vail Reinvestment Authority Budget Resolution
10/20/15
First reading of mil levy certification ordinance
11/17/15
First reading of 2015 Supplemental Number Three
12/01/15
Second reading of mil levy certification ordinance
12/01/15
Second reading of 2015 Supplemental Number Three
12/15/15
B-1
7/7/2015
APPENDIX C
7/7/2015
Attachment C
2016 Preliminary Revenue Assumptions
Sales Tax
2016 is proposed at a 5% increase from 2015 amended budget, or nearly 4%
higher than forecasted 2015 and up 7.6% from 2014 actual.
Annual average increase since 2010 is 7.2% (with the most recent year
ending 2014 up from the prior year by 8.6%). The most recent ski season
('13/'14) increased 6.1% from the prior ski season and was a very strong
season for snow and special event attendance. With occupancy flat in 2015
from the prior year and ADR at an all-time high, staff is cautious about
making assertive growth projections.
The sales tax "split" is unchanged at 62% General Fund and 38% Capital
Projects Fund.
Property Tax
Preliminary estimate of 10% increase from 2015; assessor information will
be received at the end of August
Lift Tax
2015 winter currently up 9% from prior winter;
2016 proposed at a 7% increase from 2015 budget based on a historical
average of 7% per year for the last 4 years.
Franchise Fees
2016 projected slightly (1%) higher than 2015 budget and 5% higher than
2014 actual (utilities fluctuate from year to year).
Licenses & Permits
2016 Construction Fees projected at 3% higher than 2015 budget. No major
construction projects are known at this time.
2016 Licenses & permits based on 5 -year average
Intergovernmental
Various methods of projection depending on source (County sales tax, road
& bridge, highway user's tax, etc.) No federal or state grants included at this
time
Transportation
2016 projected 5% higher than 2015 budget but still 6.7% less than 2014, a
Centers
very strong year.
Charges for Service
Majority of this category are internal fees (i.e. RETT collection fee, VRA
mgmt., etc); Fire and Police contract work included here based on averages
Fines & Forfeits
Based on averages/ 2% increases per year
Includes court -related revenues, parking fines, library fines, etc.
Rental Revenue
2016 projected at 8% increase from 2015 budget reflecting additional
employee rental units and small rent increases
Miscellaneous
Majority of this item is reimbursed costs. 2016 projected is based on
averages (conservatively because this is not guaranteed or "known"
revenue)
C-1
7/7/2015
Major Revenue Analysis
2016 Proposed Budget
C-2
7/7/2015
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
Actual
Actual
Actual
Actual
Actual
Actual
Actual
Actual
Amended
Proposed
Comments
General Sales Tax 18,913,138
19,631,366
16,913,338
17,676,115
19,581,414
20,046,455
21,999,999
23,881,130
24,486,000
25,710,000
2016 proposed at 5% increase from 2015 amended budget and 4% increase from 2015 forecast
5.2%
3.8%
-13.8%
4.5%
10.8%
2.4%
9.7%
8.6%
2.5%
5.0%
RETT Tax 6,536,118
9,091,917
2,513,481
6,950,701
4,403,706
5,452,937
4,725,589
6,849,449
5,670,000
5,385,000
2016 5.0% decrease from 2015 forecast; YTD 2015 is pacing behind of 2014 at this time by 37°/u
4.7%
39.1%
-72.4%
176.5%
-36.6%
23.8%
-13.3%
44.9%
-17.2%
-5.0%
Parking Revenue 4,618,882
4,816,505
4,975,795
5,037,042
4,023,940
3,453,836
4,170,065
4,528,137
4,023,264
4,225,000
Up 5% from 2015 budget; still 6.7% less than 2014, a very strong year
12.7%
4.3%
3.3%
1.2%
-20.1%
-14.2%
20.7%
17.9%
-11.1%
5.0%
Property $ Ownership Tax 3,012,030
4,309,622
4,506,491
4,951,386
5,031,770
4,157,279
4,227,966
4,358,411
4,301,000
4,794,000
10% increase from 2014 actual collections; will be updated in August when County assessors'
2.8/0
43.1 %
4.6%
9.9%
1.6%
-17.4%
1.7%
0.1%
-1.3%
11.5%
report is received
Lift Tax Revenue 3,039,619
3,277,703
3,048,011
3,357,717
3,529,125
3,433,686
4,007,908
4,351,624
4,418,700
4,728,000
2016 proposed at 7% increase from 2015 budget based on prior 5 -year history; 8.6% increase from
2.2%
7.80/6
-70%
10.2%
5.10/6
-2.7%
16.70/6
15.1 /
1.5%
7.0%
2014 actual; anticipate slightly higher than average increase due to new summer activities
Construction Fees 4,992,752
3,799,444
1,341,731
1,272,606
985,377
1,333,681
1,404,928
2,608,807
1,435,464
1,476,417
Up 3% from 2015 budget.
43.4%
-23.90/6
-64.7%
-5.21/.
-22.61/.
35.30/6
5.3%
4.4%
-45.0%
2.9%
No major redevelopment projects assumed
Construction Use Tax -
608,483
713,582
1,103,119
721,002
1,221,734
1,360,585
1,803,853
1,800,000
1,545,000
2016 down from 2015 forecast because both 2014 and 2015 included major redevelopments.
N/A
17.30/6
54.60/6
-34.6%
69.41/6
11.4%
0.20/6
-0.20/6
-14.21/.
No new major projects known for 2016 at this time.
Other Taxes 1,399,739
1,644,975
1,545,535
1,711,350
1,806,708
1,672,112
1,735,016
1,829,591
1,826,952
1,886,820
County sales tax (based on TOV sales tax), Road R Bridge, Hwy users revenue, etc.
2.4%
17.51/6
-6.0%
10.70/6
5.6%
-7.40/6
3.8%
5.60/6
-0.1%
3.30/6
Federal / County Grants 59,542
-
203,765
3,785,144
1,596,040
916,067
82,630
474,399
897,582
544,800
2015 includes federal grants for bridges at Nugget Lane and Bridge Road ($358.8K) and
-96.6%
N/A
1757.6%
-57.81/.
-42.60%
-91.0%
-45.6%
89.20/6
-39.39/o
COOT funding of 1-70 underpass ($538.8K); 2016 includes federal grants for bridges
at Nugget Lane and Bridge Road
Earnings on Investments 2,624,092
1,841,335
460,234
330,216
539,541
492,015
426,975
674,027
276,719
296,089
2016 based on .7% return on available fund balance based on current trend
23.0%
-29.8%
-75.0%
-28.3%
63.41/.
-8.8%
-13.2%
57.9%
-58.9%
7.0%
Rental Income 897,958
949,961
912,090
862,151
895,872
832,134
918,691
1,044,463
903,086
977,400
2016 flat with 2014 actuals and inline with recent history.
8.5%
5.8%
-4.0%
-5.5%
3.90/6
-7.1 /
10.4%
24.2%
-13.5%
8.20/6
E911 and Interagency Dispatch 1,528,608
1,657,622
1,904,572
1,908,591
1,958,581
1,915,218
1,982,170
1,931,359
1,896,556
1,934,487
Funding by E911 Authority Board and participating agencies
14.3%
8.40/6
14.91/6
0.20/6
2.60/6
-2.20/.
3.50/6
-2.6%
-1.8%
2.00/6
Vail Reinvestment Authority Transfers -
-
-
1,070,365
7,125,196
5,354,864
1,842,286
3,049,280
5,349,470
2,450,000
2013 for continuation of Guest Service Enhancements, LH parking entry, SunBird Park, etc
N/A
565.7%
-24.8%
-65.60/6
65.50%
75.4%
-54.20/.
2014 for LH Parking structure entry and parking equipment; 1-70 Underpass
2015 for 1-70 Underpass ($1 M) and Frontage Rd improvements from LH Parking to Muni bldg ($3M)
2016 for 1-70 Underpass ($2.2M)
All Other Revenue 7,222,738
6,389,765
4,885,916
7,957,308
6,463,634
4,725,743
4,725,539
7,522,484
8,402,635
2,944,568
In general, this item includes franchise fees, fines and forfeitures, employee portion of healthcare
43.2%
-11.5%
-23.50%
62.91%
-18.81/.
-26.9%
0.0%
59.20%
11.7%
-65.0%
premiums, insurance proceeds Proms stop -loss coverage, license revenue, administration fees
collected from VLMD and RETT and other charges for service such as out of district fire response
Total Revenue 54,845,217
58,018,698
43,924,542
57,973,811
58,661,907
55,007,762
53,610,347
64,907,014
65,687,428
58,897,581
and Police contracted services.
% compared to Prior Year 9.3%
5.8%
-24.3%
32.0%
1.2%
-6.2%
-2.5%
21.1%
1.2%
-10.379/6
C-2
7/7/2015
APPENDIX D
7/7/2015
2016 Budget Preview
80
70
50
40
We
20
10
o�
o°
o�
o1
o�
do
titi
titi
ti3
ti°` ea
ti°
I
l
do
yo
�o
Nonni!'
yo
�o
yo
do
,yo
J-1-
o�
o°
o�
o1
o�
do
titi
titi
ti3
ti°` ea
ti°
I
l
do
yo
�o
yo
yo
�o
yo
do
,yo
era
P�
ti�
,y0
Town of Vail I Finance Department 1 07/07/2015
1�100 1�1,1 le
MAII Other
V1
7/7/2015
MConference Center
Fund
®
RETT Fund
MCapital Projects Fund
MGeneral Fund
-40--Reserve Min
3
2016 Budget Preview
Available Reserves45.0
40.0
35.0
30.0
25.0
20.0
15.0
10.0
5.0
$29.5M
ro,
2.4
$34.3M
3.9
4.2
$42.3M
M_
■ General
$28.4M 8.8 Fund
Capital
Projects
Fund
RETT Fund
2015 Amended 2016 2017
Town of Vail I Finance Department 1 07/07/2015
2018
2019
7/7/2015
2020
VRA
rd
TOWN OF VAIL 2016 PROPOSED BUDGET
SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE
CAPITAL PROJECTS FUND
Actual
Amended
2014
2015 2016
2017
2018
2019
2020
Revenue
5%
4%
4%
4%
4%
Total Sales Tax Revenue:
$ 23,881,130
$ 24,486,000 $ 25,710,000
$ 26,738,000
$ 27,807,000
$ 28,919,000
$ 30,076,000
2016 5% incr from 2015 amended; then 4% per year
Sales Tax Split between General Fund &
Capital Fund
62/38
62/38 62/38
62/38
62/38
62/38
62/38
Sales Tax - Capital Projects Fund
$ 9,799,940
$ 9,305,000 $ 9,770,000
$ 10,160,000
$ 10,567,000
$ 10,989,000
$ 11,429,000
38% to CPF
Use Tax
1,803,853
1,800,000 1,545,000
1,591,350
1,639,100
1,688,300
1,688,300
2016 down from 2015;no new major developments assumed; then 3% per year
Federal Grant Revenue
121,248
358,752 544,800
-
-
-
-
2014-2016: Bridges at Nugget Lane and Bridge Rd
Other State Revenue
327,261
538,830 -
-
-
-
CDOT share of funding for 1-70 Underpass study
Lease Revenue
197,295
197,295 197,295
197,295
202,227
202,227
202,227
Per Vail Commons commercial (incr. every 5 years) and residential leases
Project Reimbursement
708,336
40,000 -
-
-
-
-
2015: 40K reimbursement from ERWSD for waterline work on Covered Bridge.
Timber Ridge Loan repayment
491,871
494,466 494,466
494,466
494,466
494,466
463,129
Principal and interest on loans to Timber Ridge Fund
Earnings on Investments and Other
205,746
103,654 149,281
113,680
133,647
153,416
45,718
0.7% rate assumed on available fund balance
Total Revenue
13,655,550
12,837,997 12,700,842
12,556,791
13,036,440
13,527,409
13,828,374
Expenditures
Maintain Town Assets
Bus Shelters
273
30,000 30,000
30,000
30,000
30,000
30,000
Annual maintenance
Parking Structures
610,682
680,000 675,000
690,000
690,000
690,000
710,700
2015 - 2020 various repairs including deck topping replacement, expansion joint repairs, ventilation, HVAC, plumbing and
other structural repairs
Facilities Capital Maintenance
416,284
706,760 319,125
359,625
425,000
346,750
367,555
2015 update: overall increase of $179K over 5 years. 2015 - 2019 various 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
38,830
69,840 5,000
5,000
5,000
5,000
755,100
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; 2020 replace HVAC; Re -finished floors in 2014
Street Light Improvements
151,047
169,953 25,000
25,000
25,000
50,000
50,000
New street lights and to refurbish residential lighting ; Annual maintenance reduced for four years due to upgrade project
in 2014
Capital Street Maintenance
764,977
1,332,723 1,337,600
1,161,600
1,175,900
1,333,200
1,359,864
On-going maintenance to roads and bridges including asphalt overlays, patching and repairs; Cost increases based on
recent pricing
Covered Bridge Structural Repairs
20
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 -
-
-
-
-
Upper Columbine/Bighorn Reconstruction
Town -wide camera system
131,013
22,000 22,000
70,000
70,000
70,000
22,000
2017-2018 replace botch system(30 cameras); 2014 includes $120K for 24 new cameras in preparation for the 2015's
plus $10K for annual capital maintenance of 89 cameras already throughout town (includes municipal public buildings; 6
cameras currently in Vail Village). 2015 - 2016 includes $22K per year for replacement of cameras and equipment;
Recorders cost $7-8K each; cameras range from $800 - $3800 each
Audio -Visual capital maintenance
4,500
18,000 18,000
18,000
18,000
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.
Document Imaging
47,664
68,000 30,000
100,000
30,000
30,000
30,000
Annual maintenance, software licensing, and replacement schedule for scanners and servers. Includes 38K for software
platform upgrade in 2015; 100K in 2017 to upgrade document imaging software
Software Licensing
46,195
60,000 51,000
52,530
54,106
55,729
57,401
Upgrade Microsoft products on all equipment; renew licenses in future; Increased costs from vendors; $3K per year
increase from original 5 year plan due to additional software products; 2015 includes $9K for property and evidence room
software one-time expense
Hardware Purchases
222,884
168,000 150,000
50,000
50,000
50,000
350,000
Scheduled rotation of PCs, printers and servers; 2015 replacement of three GIS printers/scanners; Two additional
Simplivity Omnicube nodes in 2015 and 2016 at a cost of $45K each; 300K in 2020 for scheduled replacement of larger
servers
Copier Replacement
9,883
- -
-
-
-
-
Replace 8 year old equipment with color copier, printer, fax and scanner
Postage Machine Replacement
6,073
-
-
-
-
-
Replace old equipment
Data Center (Computer Rooms)
14,926
- 1,000,000
15,000
15,000
15,000
15,000
2016: Remodel / Retrofit upper and lower computer rooms ( power, heating / cooling, fire suppression ). Possible
relocation into a combined room
Website and e-commerce
13,829
12,000 12,000
12,000
12,000
12,000
12,000
Internet security & application interfaces; website redevelopment (2014); includes $550/month for web hosting svcs
Comm Dev ArcGIS System
-
14,000 -
-
-
Web access to town GIS information (similar to County's website GIS product)
Fiber Optics / Cabeling Systems in Buildings
95,691
15,000 15,000
15,000
15,000
15,000
15,000
2014: $52K to install 26 TOV-owned "nodes" for fiber being laid by Crown Castle on our behalf; 24 of these link to the
requested cameras throughout town. 2015 - 2019: to repair, maintain & upgrade cabling/network Infrastructure
D-3
7/7/2015
TOWN OF VAIL 2016 PROPOSED BUDGET
SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE
CAPITAL PROJECTS FUND
Actual
Amended
2014
2015
2016
2017
2018
2019
2020
Network upgrades
40,045
181,000
30,000
30,000
30,000
30,000
200,000
Computer network systems - replacement cycle every 3-5 years; 2015, 2020 replacement of switches and routers
Public Wi-Fi Systems
-
-
-
-
250,000
Upgrade/replace public WI-Fi system
Phone System Infrastructure
142,919
-
-
-
Replace infrastructure for 15 -year old phone system
Business Systems Replacement
72,175
118,043
-
-
-
-
-
Community Development permitting software project and $58.9K for remainder of Finance system project such as
implementation of ecommerce, additional training, human resource reporting on healthcare reform, etc.
Public Safety System
61,767
50,000
50,000
50,000
50,000
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
_
_
-
_
_
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
Transit Center Generator
-
200,000
Replacement of generator at the Vail Village transit center; includes re -landscaping and re -wiring.
Police E -ticketing system
34,972
-
Electronic ticketing system; reduces data entry done by officers to record physical tickets; will interface with Full Court
system
Total Maintenance
2,932,549
4,110,755
3,769,725
2,683,755
2,695,006
2,800,679
4,292,620
Enhancement of Town Assets
CDOT Required parking
140,859
-
-
-
-
-
-
Required parking improvements along the frontage road to enhance guest safety
Vail Village Info Booth
1,323,165
100,000
Remodel, including addition of restrooms and guest enhancements
Guest Services Enhancements/Wayfinding
1,825,798
1,376,914
-
Guest Service / Wayfinding enhancements outside of VRA district
East Vail Fire Station
-
-
1,500,000
Renovation of East Vail fire station; Generator is most urgent issue; Duty quarters have sewage/drainage problems;
Residential quarters need improvements but not currently rented out
Energy Enhancements
434,875
347,944
-
Implementation of energy audit enhancements; includes LED lighting project with shared cost of $170K from Holy Cross
Fire Equipment
-
22,153
$12K Thermal image camera for new truck; $20K set of equipment for ladder truck
Fire Truck Replacement
618,017
2,883
-
2014 replace pumper truck from 1999
Neighborhood Road Reconstruction
-
475,000
208,000
4,825,000
4,420,000
4,630,000
East Vail roads; $25K for design and $450K in 2015 for shared project with ERWSD on Rockledge Rd; Phase I
(Columbine, Spruce Way/Dr., Streamside, Nugget, Glen Lyon, & Willow Ct) has been pushed to 2016, with $208K for
planning / design of roadwork and construction in 2017. Phase II (Meadow Dr./Ln, Juniper,Main Gore, Ute, Black Bear,
Snowshoe & Grouse Ln) plans include design of $365K in 2017 and construction in 2018
Neighborhood Bridge Reconstruction
600,000
1,000,000
700,000
_
_
Nugget Lane and Bridge Rd bridges design in 2014/2015 and construction in 2016/2017; also partial funding from federal
grants.
Fire Breathing Apparatus
17,862
275,000
-
Replacement of all (30) cylinders/compressors; Older model currently used not effective
Colorado Ski Museum renovation
-
-
500,000
Town contribution toward expansion and remodel of Colorado Ski Museum
Parking Entry System / Equipment
630,347
102,653
-
-
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
173,808
-
600,000
-
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
Bus Camera System
-
350,000
-
15,000
15,000
Installation of software and cameras in buses; 2019/20 annual capital maintenance of camera replacement, etc.
Hybrid Bus Battery Replacement
-
440,000
-
-
-
-
Scheduled replacement; Estimated life of 6 years
Replace Buses
9,520
50,480
3,524,000
-
2,804,400
_
2014-2015: ADA van for on-call pickups; 2016: 8 buses scheduled for replacement ($440.5K per bus); 2018: 6 buses
scheduled for replacement ($467.4K per bus)
Municipal building remodel
45,419
1,500,000
4,500,000
4,500,000
_
Planning money shifted to 2015; 2016/2017 amount is a placeholder for a significant remodel should a complete
reconstruction not occur. This cost is an estimate only, actual cost will depend on the scope of the project.
Public Works Shops & Maintenance Buildings
-
-
-
-
15,000,000
Expansion and remodel based on approved master plan for the Public Works shop complex
Timber Ridge Legal/Zoning
11,177
Consultants, legal, etc. related to potential redevelopment project
Timber Ridge Redevelopment
159,938
-
-
Total Enhancements
5,372,923
5,385,889
11,507,000
10,025,000
7,824,400
19,645,000
15,000
D-4
7/7/2015
TOWN OF VAIL 2016 PROPOSED BUDGET
SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE
CAPITAL PROJECTS FUND
Actual
Amended
2014
2015
2016
2017
2018
2019
2020
New Assets
-
1,250,000
Frontage Road improvements (VRA) -
3,000,000
Currently in 2015; pushed to 2019 based on VVMC plans for expansion; From LH Parking structure to Municipal
building; funded by VRA (see transfers below)
Chamonix Housing Development 5,176
-
2014: update Housing Market Study; 2015 placeholder for infrastructure
1-70 Underpass (VRA) 970,994
1,660,591
4,900,000
2,200,000
2,865,000
2015-2018 is the town's portion of this project since we were awarded RAMP funding from CDOT and includes the budget
increase approved by both Council and CDOT
Welcome Center (VRA) 31,848
-
-
-
-
Completion of the project; Funded by the Vail Reinvestment Authority (see Transfers below)
East LionsHead Portal (VRA) 9,339
-
Final bills; remaining items include landscaping in the spring; repairs to a paver area because holding water; Funded by
the Vail Reinvestment Authority (East LH Circle)
Lionshead Parking Structure Entry (VRA) 1,891,915
273,047
-
Improve entry area into LH parking structure including booth attendant stations. Reimbursed by VRA
Lionshead Medians (VRA) 7,004
-
1,500,000
Median construction from LH parking structure to Vail Spa
East LH Circle pathway to Dobson (VRA) -
-
100,000
790,000
Improve connection from the E LionsHead bus stop to Dobson; Per Council 9/16/14 push out one year pending
Evergreen/VVMC projects; planning/design in 2016
Dobson Plaza (VRA)
100,000
975,000
Redevelop the center plaza of Dobson for better flow of bus traffic, people traffic (concerts); planning/design in 2016; Per
Council 9/16/14 push out one year pending Evergreen/VVMC projects
Buy -down Program -
402,118
-
-
Carry -forward of programm funding
Chamonix Housing Market Study 11,300
-
Buy -down Program Funded by Pay -in-Lieu 202,607
900,143
Carry forward current balance of program funding: Housing funded directly by Pay -in -Lieu fees collected from developers
Mobile Communications Vehicle 321,270
Total New Assets: 3,451,453
4,485,899
5,100,000
3,965,000
2,865,000
3,000,000
1,500,000
Total Expenditures 11,756,925
13,982,543
20,376,725
16,673,755
13,384,406
25,445,679
5,807,620
Other Financing Sources (Uses)
Transfer from Vail Reinvestment Authority 3,049,280
2,349,470
2,450,000
4,015,000
2,915,000
3,050,000
50,000
1-70 underpass, Frontage Rd improvements; East LH and Dobson Plaza improvements; annual LH parking structure
maintenance $50K
Transfer from Dispatch Fund 16,800
-
-
-
-
-
-
Transfer from Dispatch for Radio Tower project
Transfer from Debt Service Fund 21,311
Transfer remaining balance in the Debt Service Fund
Transfer to RETT -
-
(3,900,000)
Transfer to RETT for Golf Clubhouse project
Revenue Over (Under) Expenditures 4,986,016
1,204,924
(9,125,883)
(101,964)
2,567,034
(8,868,270)
8,070,755
Beginning Fund Balance 15,869,300
20,855,316
22,060,240
12,934,357
12,832,393
15,399,427
6,531,158
Ending Fund Balance 20,855,316
22,060,240
12,934,357
12,832,393
15,399,427
6,531,158
14,601,912
D-5
7/7/2015
D-6
7/7/2015
TOWN OF VAIL 2016 PROPOSED BUDGET
SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE
REAL ESTATE TRANSFER TAX
2014
Amended
Actual
2015
2016
2017
2018
2019
2020
Revenue
-5%
5%
31/6
3%
3%
Real Estate Transfer Tax
6,849,449
5,670,000
5,385,000
5,672,000
5,956,000
6,254,000
6,566,700
2016 5% decrease from 2015 Amended; YTD 2015 pacing behind 2014 at this time; 2016-
2020 5% increase.
Golf Course Lease
128,913
134,654
137,347
140,094
142,896
145,754
148,669
Annual lease payment from Vail Recreation District 2% annual increase - deposited to
"Recreation Enhancement Account" (accompanying expenditure listed below)
Intergovernmental Revenue
125,394
20,000
20,000
720,000
20,000
20,000
20,000
$20K Lottery fund proceeds; 2014 $99.9K CDOT grant for water quality vaults; 2017 $700K
CDOT TAP Grant for water quality improvements
Project Reimbursements
226,868
938,133
-
-
-
-
VRD portion for Golf Course Clubhouse construction
Recreation Amenity Fees
338,341
10,000
10,000
10,000
10,000
10,000
10,000
Earnings on Investments and Other
196,201
28,595
28,861
24,298
40,143
62,480
44,824
0.7% rate assumed
Total Revenue
7,865,166
6,801,382
5,581,208
6,566,392
6,169,039
6,492,234
6,790,192
Expenditures
Maintain Town Assets
Annual Park and Landscape Maintenance
1,182,186
1,603,001
1,596,000
1,832,000
1,868,640
1,906,013
1,944,133
Ongoing path, park and open space maintenance, project mgmt.; 2017 increase due to
estimated increase in park maintenance for Booth Creek Park, 1-70 underpass
medians; 2015 increase due to estimated healthcare reform impacts ($95K); otherwise 2%
increase in operations
Management Fee to General Fund (5%)
342,472
283,500
269,250
283,600
297,800
312,700
328,335
5% of RETT Collections - fee remitted to the General Fund for administration
Tree Maintenance
58,946
65,000
65,000
65,000
65,000
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
198,322
225,000
229,500
234,090
238,772
243,547
248,418
Full time wildland coordinator as approved in 2014 (70% charged to Forest Hlth); Pine beetle
mitigation in conjunction w/ forest service; Wildfire prevention measures
Street Furniture Replacement
74,980
250,020
10,000
25,000
25,000
10,000
50,000
2015 increased for recycling containers; also includes annual replacement or capital repairs
Glen Lyon Rec Path Bridge
-
150,000
-
-
-
Re -decking of recreation path bridge; structural repairs & railings; too large a project to
include in annual rec path capital maintenance
Alpine Garden Support
65,620
67,000
69,010
71,080
73,213
75,409
77,671
Annual operating support of the Betty Ford Alpine Gardens; assumes 3% increase per year
Alpine Garden Education Center Request
500,000
Part of Council Contribution discussion
Eagle River Watershed Support
37,972
63,240
65,137
67,091
69,104
71,177
73,312
Annual support of the Eagle River Watershed Council programs; assumes 3% increase per
year
West Vail Community Garden Fencing
18,500
-
-
-
-
_
-
Council Contribution (off cycle) for installation of wildlife fencing around West Vail Community
Garden
Actively Green by 2015 Program
18,500
38,500
-
-
-
-
-
Council Contribution (off cycle) for continuation of this town -wide recycling education and
certification program run by Walking Mountains;
Public Art - Operating
96,568
100,248
102,253
104,298
106,384
108,512
110,682
Art in Public Places programming
Environmental Sustainability
308,197
540,889
321,500
527,930
538,489
549,258
560,244
Environmental Sustainability programs ;$200K increase in 2017 for water quality
programs, public outreach; then 2% increase; 2014 increased by $250K for recycling
education and rebate programs; 2015 includes new environmental planner position
Total Maintenance
2,402,263
3,886,398
2,727,650
3,210,090
3,282,401
3,341,616
3,457,796
Enhancement of Town Assets
Rec. Path Capital Maint
84,755
124,029
104,289
112,974
116,375
118,992
121,372
Capital maintenance of the town's recreation path system
Park / Playground Capital Maintenance
126,592
98,500
100,200
97,000
113,000
94,500
150,000
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
Flood Incident repairs
43,252
804,543
-
-
-
-
-
Re -stabilization of Dowd Junction path; Repairs to culverts, drainage, and preventative
improvements
Donovan Park Master Plan
384,000
To separate and update the Donovan Park master plan from the Ford Park master plan
D-6
7/7/2015
D-7
7/7/2015
TOWN OF VAIL 2016 PROPOSED BUDGET
SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE
REAL ESTATE TRANSFER TAX
2014
Amended
Actual
2015
2016
2017
2018
2019
2020
Reconstruction of the recreation path from the Vail Library to Lionshead, including 12 ft wide
Library Recreation Path Reconstruction
3,420
1,181,580
concrete trail, repairs to eroded culverts at Middle Creek and stream bank erosion repair (50
ft. section); Per Council 9/17/13, do planning/design in 2014 and construction in 2015
Streambank/tract mitigation
84,972
1,000,000
Pending Eagle River Water District study results; Includes estimates for stream bank repairs
(from water to bank) and riparian repairs (from bank to land area and revegetation)
$400K 2016-2020 for water quality program;2015 accompany repairs made with stream
Water Quality / Storm Water
327,681
122,219
400,000
400,000
400,000
400,000
400,000
bank/tract mitigation for storm water and culverts; 2014 includes $99.9K CDOT grant for
water vaults
2016: Water quality improvements of $431,500 to create 4 "dry" ponds for run off to improve
East Vail Interchange Improvements
-
1,120,500
1,089,760
_
-
-
water quality, 4 water quality vaults instead of ponds to allow landscaping the area would
cost an incremental $689,000; 2017: Landscaping design and construction of the
interchange: $1,089,760; Applied for grant
2015 Permanent skate park construction estimated at $1.5M not approved by Council
Permanent Skate Park
-
150,000
-
_
yet
Skate Park - temporary
50,534
209,466
Replacement of temporary skate park should the permanent park not go forward
Bike Lanes: N. Ftg Rd
347,384
-
Bike lane shoulder from Red Sandstone school to Buffehr Creek
Bike Lanes: S. Ftg Rd
173,692
Bike lane shoulders:2014 from Matterhorn to Cascade to be done in conjunction with
Cascade CDOT parking project
Ford Park Safety Improvements
52
_
Moved up to 2014 to coincide with Ford Park improvements; Ford Park playground built in
2000; improvements were previously scheduled for 2015
Stephens Park Safety Improvements
225,000
-
Access improvements to include extended sidewalk, new stairs and other site improvements;
playground was built in 1990's
Buffehr Creek Park Safety Improvements
-
210,000
_
Replacement 14 -yr old "catalog" playground equipment with custom build in 2017; $60K to
add a picnic shelter
Ellefson Park Safey Improvements
-
150,000
Replacement 13 -yr old "catalog" playground equipment with custom build in 2018
TOV portion of improvements to six portals into Ford Park; Matching contribution from Vail
Ford Park Portal Improvements
250,000
-
Valley Foundation; 2013 for design; Transferred $750K to 2013 Ford Park Fields per Council
8/6/13 ($100K tfd in 2013 and $650K in 2014)
Ford Park Playground/Lower Bench Improvements
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
Vail Trail
250,000
Placeholder for new Vail Trail
Ford Park Parking Lot Slope Revegetation
-
100,000
-
Re -vegetate the slope down toward the river at the Ford Park parking lot
Redevelopment of entire park including tennis courts, covered areas and playground
Booth Creek Park
13,078
372,172
1,556,880
-
-
structures; Tennis court ($262K) and playground ($385K) originally budgeted in 2014 will
occur when overall park is reconstructed.
Public Art - General program / art
37,282
444,226
85,000
85,000
85,000
85,000
85,000
To purchase sculptures, artwork, art programs and events; remainder is re -appropriated
each year to accumulate enough funds
Public Art - Winterfest
31,180
80,280
-
_
-
Annual Winterfest event; approximate cost of $25K per year; rely on donations; carryover
balance from 2014 to recognize donations.
Total Enhancements
1,323,874
6,912,137
3,591,869
1,994,734
864,375
698,492
756,372
VRD-Managed Facility Projects
Recreation Enhancement Account
-
134,654
137,347
140,094
142,896
145,754
148,669
Annual rent paid by Vail Recreation District; to be re -invested in asset maintenance;
2015 golf maintenance building repairs; 2016 *new item at $400K for storage building;
Golf Course - Other
751,891
113,983
540,399
7,204
17,200
19,989
17,049
asphalt driving and parking area; 2017 gas-fired heater & wood trim/soffits; 2018 boiler; 2019
stucco for mtc building
2014 new boilers; 2015 renovate changing rooms and restrooms; 2017 low slope roof,
Dobson Ice Arena
144,475
124,133
28,001
258,020
59,874
103,665
31,869
electrical switch gears; 2018 town portion of interior lighting; 2019 exterior caulking and
replacement of windows and doors. Overall cost increases, with some due to timing changes
totals $76,428
D-7
7/7/2015
D-8
7/7/2015
TOWN OF VAIL 2016 PROPOSED BUDGET
SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE
REAL ESTATE TRANSFER TAX
2014
Amended
Actual
2015
2016
2017
2018
2019
2020
Ford Park / Tennis Center Improvements 371
96,930
47,476
14,893
5,645
14,509
8,529
2015 tennis club roof; 2016 clubhouse locker rooms; 2017 mechanical systems & metal
railings; 2018 wood siding/trim; 2019 brick pavers, grading & drainage. Overall increase to
the 5-year cost estimates / timing is $62,862
Athletic Fields -
75,318
18,254
_
-
_
-
2015 restroom / storage facility structure (increase from this addition $56K); 2016 asphalt
parking lot
Gymnastics Center 49,606
-
-
37,006
2017: Restrooms
Nature Center
82,871
2016 Exterior windows, doors, wood siding and slope roof
Total VRD-Managed Facility Projects 946,343
545,018
854,348
457,217
225,615
283,916
206,115
New Assets
Golf Clubhouse & Nordic Center 207,282
9,961,347
3,900,000
-
_
_
-
Total includes $1.165M reimbursement from VRD, allocation of Recreation Enhancement
Funds $765,440, Conference Center funds of $3.8M, current RETT funds of $538,189 (Total
project cost estimated at $10.8M, which includes previously spent RETT funds of $705,571
from 2012 & 2013)
Ford Park Improvements & Fields 3,552,113
625,275
-
_
2015: ADA accessible parking ($30K of total). Per Council 9/17/14 ok for $200K for pavers &
$150K for waterline near BFAG; remainder of project was reviewed 10/7/14
Total New Assets: 3,759,395
10,586,622
3,900,000
-
Total Expenditures 8,431,875
21,930,175
11,073,867
5,662,040
4,372,391
4,324,025
4,420,283
Other Financing Sources (Uses)
Transfer to Capital Project Fund -
-
3,900,000
-
-
-
-
Transfer from Capital Projects Fund for Golf Clubhouse project per Council review 10/7/14
Transfer from Conf Center Fund -
1,973,553
-
-
-
-
-
Remainder of transfer from Conf Center Funds for Golf Clubhouse ($3.8M) and Ford Park
Field projects ($3.5M)
Revenue Over (Under) Expenditures (566,709)
(13,155,240)
(1,592,659)
904,352
1,796,648
2,168,209
2,369,910
Beginning Fund Balance 16,848,758
16,282,049
3,126,810
1,534,150
2,438,502
4,235,150
6,403,359
Ending Fund Balance $ 16,282,049
$ 3,126,810
$ 1,534,150
$ 2,438,502
$ 4,235,150
$ 6,403,359
$ 8,773,269
D-8
7/7/2015
**Costs are estimates**
Priority I
Guest Services Enhancements
Library Remodel
Parking Expansion - LionsHead
Parking Expansion - North Frontage Road
Simba Run Underpass Feasibility Study
Energy Audit Enhancements
Main Vail Station - major remodel
Priority II
East Vail Fire Station Remodel
N. Frontage Rd -East Vail
N. Frontage Rd - West Vail
Frontage Rd - LionsHead
Main Vail Round -about Major Reconstruction
West Vail Round -about Major Reconstruction
Golf Course Clubhouse
LionsHead Park (Sundial Plaza)
LionsHead Information Center Renovation
LionsHead Parking Structure Enhancements
Concert Hall Plaza (West Portal)
Priority III
Simba Run Underpass
East LionsHead Circle (East Portal)
Municipal Building Reconstruction
Bike path reconstruction near Pedestrian Overpass
Lighting for Pedestrian Overpass to Red Sandstone
Newly -identified projects:
Alternative Fuel Infrastructure
Flood repairs and improvements
Open Space property
New biking & hiking trails
West Vail forest mitigation
Phase II of Timber Ridge redevelopment
TOV share of Evergreen/VVMC roundabout
Golden Peak Pickleball courts
Chamonix Housing development
Eligible for funding from
Capital
VRA RETT Projects Fund Description Status
$18.1M - $36.2M
Various areas
Turn lanes, bike paths, etc based on town's master plan
Turn lanes, bike paths, etc based on town's master plan
From Evergreen to EverVail
3,600,000 Recent paving and 1-70 Underpass project will extend the life of current
roundabouts
1,000,000 Recent paving and 1-70 Underpass project will extend the life of current
roundabouts
Various funding sources
Funded by VRA
Funded by VRA
Does not add spaces, but brings remainder of structure up to standards of
3,500,000 new transit center and current codes; enhances guest experience; includes
heated stairways on east side
Funded by VRA
CDOT grant awarded for $20M; TOV portion $6M funded by VRA
Funded by VRA
15,000,000
175,000 On north end of Pedestrian Overpass
170,000 Add lights on pedestrian path from Red Sandstone to bridge
Included in 5 -year Capital Projects Fund
Completed
Partially complete
Completed
Completed
Completed
Included in 5 -year Capital Projects Fund
Cost estimates will be reviewed after current
projects completed
Cost estimates will be reviewed after current
projects completed
Budgeted in 2014/2015
Completed
Completed
Completed
Completed
3,800,000
Continued through 2014 Completed
3-4 open space parcels in master plan not purchased as yet
Project beyond annual forest health maintenance budget
Per TROC board, not within 5 -year plan
$3M currently included in the 5 -year capital budget; cost estimate includes
roadwork only, not roundabout so will need to be revised as the projects
progress
$500K - $1.1 M Community request to replace tennis courts with pickleball courts; Estimates
depend on parking and ADA
-Infrastructure currnetly included in budget with assumption that the town
would involve a private developer on the project
Funding Resource Options:
Projected Fund Balance by end of 2020: 7,241,312 8,773,269 14,601,912
D-9
7/7/2015
APPENDIX E
7/7/2015
VAIL REINVESTMENT AUTHORITY
Summary of Revenue, Expenditures, and Changes in Fund Balance
Strata
Actual Amended
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
Revenue
0.4%
4.1%
5.3%
13.7%
8.2%
5.0%
0.0%
5.0%
0.0%
5.0%
0.0%
5.0%
0.0%
5.0%
0.0%
5.0%
Property Tax- LionsHead TIF
3,175,507
3,188,000
3,319,000
3,494,000
3,974,000
4,301,000
4,516,000
4,516,000
4,742,000
4,742,000
4,979,000
4,979,000
5,228,000
5,228,000
5,489,000
5,489,000
5,763,000
Property Tax- Vail Square Metro Districts
486,622
448,000
466,000
491,000
558,000
604,000
634,000
634,000
666,000
666,000
699,000
699,000
734,000
734,000
771,000
771,000
809,000
Federal Subsidy for BAB bonds
160,931
173,343
173,343
173,343
173,343
173,343
165,082
153,460
140,609
127,280
113,420
98,976
83,204
66,074
48,186
29,483
9,963
Earnings on Investments
1,219
36,632
3,998
3,860
2,745
2,719
2,819
19,020
19,980
19,980
20,970
20,970
22,020
22,020
23,130
23,130
24,270
Total Revenue
3,824,279
3,845,975
3,962,341
4,162,203
4,708,088
5,081,062
5,317,901
5,303,460
5,548,609
5,535,280
5,791,420
5,776,976
6,045,204
6,028,074
6,308,186
6,289,483
6,581,963
Operating Expenditures
Professional Fees
5,435
25,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
Management Fee
65,282
63,760
66,380
69,880
79,480
86,020
90,320
90,320
94,840
94,840
99,580
99,580
104,560
104,560
109,780
109,780
115,260
Treasurer's Fee -LionsHead TIF
98,670
95,640
99,570
104,820
119,220
129,030
135,480
135,480
142,260
142,260
149,370
149,370
156,840
156,840
164,670
164,670
172,890
Treasurer's Fee -Vail Square Metro Districts
14,589
13,440
13,980
14,730
16,740
18,120
19,020
19,020
19,980
19,980
20,970
20,970
22,020
22,020
23,130
23,130
24,270
Vail Square Metro District Pass Through
456,957
434,560
452,020
476,270
541,260
585,880
614,980
614,980
646,020
646,020
678,030
678,030
711,980
711,980
747,870
747,870
784,730
Total Operating
640,933
632,400
641,950
675,700
766,700
829,050
869,800
869,800
913,100
913,100
957,950
957,950
1,005,400
1,005,400
1,055,450
1,055,450
1,107,150
Capital Outlay
LH Welcome Center
31,848
East LH Portal
9,340
Lionshead Parking Structure Entry
1,606,631
558,331
Frontage Road improvements (LH Pkg to Muni)
-
3,000,000
Parking Entry System / Equipment (LH only)
300,000
Lionshead Medians
7,004
1,500,000
East LH Circle pathway to Dobson
100,000
790,000
Dobson Plaza
100,000
975,000
1-70 Underpass - RAMP Project
878,861
1,741,139
2,200,000
2,200,000
2,865,000
Lionshead Parking Structure Capital Maintenance
215,596
50,000
50,000
50,000
50,000
50,000
50,000
50,000
50,000
50,000
50,000
50,000
50,000
50,000
50,000
50,000
50,000
Total Capital
3,049,280
2,349,470
2,450,000
4,015,000
2,915,000
3,050,000
1,550,000
50,000
50,000
50,000
50,000
50,000
50,000
50,000
50,000
50,000
50,000
Total Expenditures before Financing
3,690,213
2,981,870
3,091,950
4,690,700
3,681,700
3,879,050
2,419,800
919,800
963,100
963,100
1,007,950
1,007,950
1,055,400
1,055,400
1,105,450
1,105,450
1,157,150
Financing
2010 Bond Issue - net proceeds
Principal
Interest
Fiscal Agent Fees
Subtotal Financing
Revenue Over (Under) Expenditures After
Financing
Beginning Fund Balance
Ending Fund Balance
(475,000) (490,000) (500,000) (515,000) (535,000) (555,000) (575,000) (595,000) (615,000) (640,000) (665,000) (695,000) (720,000) (750,000) (785,000) (820,000) (855,000)
(591,178) (577,928) (564,928) (547,753) (526,753) (501,432) (471,662) (438,458) (401,740) (363,658) (324,058) (282,788) (237,726) (188,782) (137,675) (84,236) (28,467)
(2,200) (2,200) (2,200) (2,200) (2,200) (2,200) (2,200) (2,200) (2,200) (2,200) (2,200) (2,200) (2,200) (2,200) (2,200) (2,200) (2,200)
(1,068,378) (1,070,128) (1,067,128) (1,064,953) (1,063,953) (1,058,632) (1,048,862) (1,035,658) (1,018,940) (1,005,858) (991,258) (979,988) (959,926) (940,982) (924,875) (906,436) (885,667)
(934,312) (206,023) (196,737) (1,593,450) (37,565) 143,380 1,849,239 3,348,002 3,566,569 3,566,322 3,792,212 3,789,038 4,029,878 4,031,692 4,277,861 4,277,597 4,539,146
6,851,969 5,917,657 5,711,634 5,514,897 3,921,448 3,883,883 4,027,263 5,876,501 9,224,504 12,791,073 16,357,395 20,149,607 23,938,645 27,968,523 32,000,215 36,278,076 40,555,673
$ 5,917,657 $ 5,711,634 $ 5,514,897 $ 3,921,448 $ 3,883,883 $ 4,027,263 $ 5,876,501 $ 9,224,504 $ 12,791,073 $ 16,357,395 $ 20,149,607 $ 23,938,645 $ 27,968,523 $ 32,000,215 $ 36,278,076 $ 40,555,673 $ 45,094,820
E-1
7/7/2015
►owx of vn' 1[1
VAIL TOWN COUNCIL AGENDA MEMO
MEETING DATE: July 7, 2015
ITEM/TOPIC: DRB/PEC Update
PRESENTER(S): Jonathan Spence, Planner
ATTACHMENTS:
June 22, 2015 PEC Meeting Results
July 1, 2015 DRB Meeting Results
7/7/2015
TOWN OF VAIL `
PLANNING AND ENVIRONMENTAL COMMISSION
June 22, 2015 at 1:00pm
TOWN COUNCIL CHAMBERS / PUBLIC WELCOME
75 S. Frontage Road W. - Vail, Colorado, 81657
MEMBERS PRESENT
John Rediker
John Ryan Lockman
Kirk Hansen
Dick Cleveland
Webb Martin
Henry Pratt
Site Visit:
None
MEMBERS ABSENT
Brian Gillette
A request for final review of a Development Plan, pursuant to Section 12-61-11, Vail Town Code,
to allow for the future development of Employee Housing Units on the Chamonix parcel located
at 2310 Chamonix Road, Parcel B, Resubdivision of Tract D, Vail Das Schone Filing 1, and
setting forth details in regard thereto (PEC150019).
Applicant: Town of Vail Community Development Department
Planner: George Ruther
ACTION: Table to 07-13-2015
MOTION: Cleveland SECOND: Rediker VOTE: 6-0-0
2. A request for review of a conditional use permit, pursuant to Section 12-7D-2, Conditional Uses,
Vail Town Code, to allow for the development of public or commercial parking facilities or
structures (parking lot) located at 1783 North Frontage Road West, Lots 9-12 Buffehr Creek
Subdivision, and setting forth details in regard thereto. (PEC150018)
Applicant: Vail Hotel Owner ESHV LLC, represented by Mauriello Planning Group
Planner: George Ruther
ACTION: Withdrawn
3. Approval of June 8, 2015 minutes
ACTION: Table to 07-13-2015
MOTION: Cleveland SECOND: Martin VOTE: 6-0-0
4. Information Update
Legal Training (12:30-1:00) July 13, 2015 — Matt Mire
5. Adjournment
MOTION: Cleveland SECOND: Martin VOTE: 6-0-0
The applications and information about the proposals are available for public inspection during
regular office hours at the Town of Vail Community Development Department, 75 South Frontage
Road. The public is invited to attend the project orientation and the site visits that precede the public
hearing in the Town of Vail Community Development Department. Times and order of items are
approximate, subject to change, and cannot be relied upon to determine at what time the Planning
and Environmental Commission will consider an item. Please call (970) 479-2138 for additional
Page 1
7/7/2015
information. Sign language interpretation is available upon request with 24-hour notification. Please
call (970) 479-2356, Telephone for the Hearing Impaired, for information.
Community Development Department
Published June 19, 2015 in the Vail Daily.
Page 2
7/7/2015
rowN of va
MEMBERS PRESENT
Doug Cahill
Peter Cope
Andy Forstl
Rollie Kjesbo
Bill Pierce
DESIGN REVIEW BOARD AGENDA
PUBLIC MEETING
July 1, 2015
Council Chambers
75 South Frontage Road West - Vail, Colorado, 81657
MEMBERS ABSENT
PROJECT ORIENTATION 2:OOpm
SITE VISITS
1. Harman Residence — 4284 Columbine Drive
2. Ford Park — 530 South Frontage Road East
MAIN AGENDA 3:OOpm
1. Fisher 7131 Corp DRB150187 Joe
Final review of changes to approved plans (railings)
100 Vail Road/Lot 35, Block 7, Vail Village Filing 1
Applicant: Fisher 7131 Corp., represented by Nedbo Construction
ACTION: Approve
MOTION: Forstl SECOND: Cope VOTE: 3-1-1 (Cahill opposed, Kjesbo
recused)
2. Harman Residence DRB150195 Joe
Final review of changes to approved plans (driveway, landscaping)
4284 Columbine Drive/Parcel B, Bighorn Subdivision
Applicant: Jeremy & Julia Harman, represented by Current Architects
ACTION: Approve w/ Conditions
MOTION: Kjesbo SECOND: Forstl VOTE: 5-0-0
CONDITION(S):
1. The only tree to be removed shall be the smaller, most southerly evergreen of those identified
on the landscape plan.
2. The edge of pavement for the proposed driveway shall not extend within the drip edge of the
remaining, larger evergreen.
3. Town of Vail — Ford Park DRB150236 Jonathan
Final review of an exterior alteration (fence/gate)
530 South Frontage Road East/Unplatted — Ford Park
Applicant: Town of Vail, represented by Todd Oppenheimer
ACTION: Approve w/ Conditions
MOTION: Kjesbo SECOND: Forstl VOTE: 5-0-0
CONDITION(S):
1. No fence shall be approved with this application.
Page 1
7/7/2015
2. The applicant shall submit a revised landscape plan for staff review and approval for the area
between the Frontage Road and the parking lot.
3. The new gate to be installed at the truck entrance shall be painted forest green with minimal
reflective tape, as needed.
STAFF APPROVALS
Moretti Residence OTC15-0032 Martin
Final review of an exterior alteration (roof)
4465 Glen Falls Lane/Lot 6, Forest Glen Subdivision
Applicant: Wayne Moretti, represented by Painting by Jesse, Jesse Nieto
O'Donnell Residence OTC15-0034 JR
Final review of an exterior alteration (windows)
4770 Bighorn Road Unit 4H/Racquet Club Townhomes
Applicant: Timothy O'Donnell, represented by Back Bowls Construction, David Gregory
Timber Ridge Apartments OTC15-0035 Martin
Final review of an exterior alteration (windows)
1281 North Frontage Road West, Building M/Lot 1, Timber Ridge Subdivision
Applicant: Timber Ridge Apartments, represented by Falcon Exterior Solutions
Timber Ridge Apartments OTC15-0036 Martin
Final review of an exterior alteration (windows)
1281 North Frontage Road West, Building O/Lot 1, Timber Ridge Subdivision
Applicant: Timber Ridge Apartments, represented by Falcon Exterior Solutions
Timber Ridge Apartments OTC15-0037 Martin
Final review of an exterior alteration (windows)
1281 North Frontage Road West, Building P/Lot 1, Timber Ridge Subdivision
Applicant: Timber Ridge Apartments, represented by Falcon Exterior Solutions
Timber Ridge Apartments OTC15-0038 Martin
Final review of an exterior alteration (windows)
1281 North Frontage Road West, Office Building Residence/Lot 1, Timber Ridge Subdivision
Applicant: Timber Ridge Apartments, represented by Falcon Exterior Solutions
Garbe Residence OTC15-0039 JR
Final review of an exterior alteration (roof)
2289 Chamonix Road/Lot 6, Block A, Vail Das Schone Filing 1
Applicant: Dwight Garbe represented by Plath Construction Inc. Alberto Ortega
Potato Patch Club Condominiums DRB150007 Joe
Final review of new construction (trash/recycling and maintenance structure)
950 Red Sandstone Road/Potato Patch Club Condominiums
Applicant: Potato Patch Club Condominium Assoc., represented by Victor Mark Donaldson Architects
Easterling Residence DRB150058 Joe
Final review of an addition (windows/deck)
1476 Westhaven Drive Unit 26/Lot 53, Glen Lyon Subdivision
Applicant: John & Lois Easterling, represented by Dominick Architects
Betty Ford Alpine Gardens Education Center DRB150111 Jonathan
Final review of changes to approved plans (site details)
530 South Frontage Road/Unplatted
Page 2
7/7/2015
Applicant: Betty Ford Alpine Gardens, represented by Hunn Consulting Group
Dietrich Residence DRB150139 Jonathan
Final review of an exterior alteration (deck)
5020 Main Gore Place Unit L1/Unplatted
Applicant: Randall & Kimberly Dietrich, represented by Warren Lawrence
Vail Valley Medical Center Medical Professional Building DRB150176 Jonathan
Final review of a sign (Directional)
108 South Frontage Road/Lot D2, Vail Village Filing 2
Applicant: Vail Valley Medical Center, represented by Tom Braun
Montaneros Condominiums DRB150197 Jonathan
Final review of an exterior alteration (landscaping)
684 West Lionshead Circle/Lot 8, Block 1, Vail Lionshead Filing 3
Applicant: Montaneros Condominiums, represented by Zachary Westall
Burton DRB150206 Jonathan
Final review of a sign (window)
675 Lionshead Place (Arrabelle at Vail Square)Lots 1 & 2, Lionshead Filing 6
Applicant: Burton Arrabelle, represented by Scott Speedy
Vail Mountain Hiking Center DRB150209 Joe
Final review of a sign (free standing)
675 Lionshead Place (Arrabelle at Vail Square) Lots 1 & 2, Lionshead Filing 6
Applicant: Vail Mountain Operations, represented by Jeff Babb
Vintage DRB150212 Jonathan
Final review of a new sign (building identification)
12 Vail Road Suite 100/1-ot N, Block 5D, Vail Village Filing 1
Applicant: Laurance Broderick
FBCORP LLC DRB150224 Joe
Final review of an addition (bedroom)
600 Vail Valley Drive Unit F4/Tract B, Vail Village Filing 7
Applicant: FBCORP LLC, represented by Nedbo Construction Warren Krok
Marsico Residence DRB150225 Jonathan
Final review of an exterior alteration (landscaping)
362 Mill Creek Circle/Lot 9, Block 1, Vail Village Filing 1
Applicant: Thomas Marsico, represented by Happy Trees, Michael Scott
LOLE/Outdoor Divas DRB150226 Jonathan
Final review of an exterior alteration (sign)
520 East Lionshead Circle Unit C8/1-ot 5, Block 1, Vail Lionshead Filing 1
Applicant: Doug Nelson represented by LOLE/Outdoor Divas, Michael Callas
Cross Residence DRB150227 Joe
Final review of a change to approved plans (landscaping)
126 Forest Road Unit W/Lot 5, Block 7, Vail Village Filing 1
Applicant: David Cross represented by Ceres Plus, Kathy Aalto
Lohre Residence DRB150228 Jonathan
Final review of an exterior alteration (landscaping)
3954 Bighorn Road/Lot 6, Gore Creek Park Subdivision
Page 3
7/7/2015
Applicant: Lohre Residence Trust, represented by Ceres Landcare
Macrae Residence DRB150230 Jonathan
Final review of a minor alteration (venting)
2195 Chamonix Lane, Unit 6A/Lot 2 Vail Heights Filing 1
Applicant: Douglas Macrae, represented by Tirol Plumbing & Heating LLC
Mueller Residence DRB150231 Jonathan
Final review of an exterior alteration (solar)
1550 Matterhorn Circle/Unplatted
Applicant: Wolfgang Mueller, represented by Sunsense Inc., Doni Nicoll
VVI 403 LLC DRB150232 Jonathan
Final review of an exterior alteration (window)
68 East Meadow Drive Unit 403/1-ot O, Block 5D, Vail Village Filing 1
Applicant: VVI 403 LLC, represented by Woodstone Homes Inc., Chris Klein
Lions Mane Condominium Association DRB150233 Jonathan
Final review of an exterior alteration (paint)
1116 Sandstone Drive/Lot A5,Block A, Lions Ridge Filing 1
Applicant: Lions Mane Condominium Association, represented by Beth Levine Architect
Vail Cascade Resort DRB150235 Jonathan
Final review of an exterior alteration (A/C unit)
1300 Westhaven Drive/Cascade Village — Vail Cascade Resort
Applicant: Vail Cascade Resort, represented by Karen Conklin
Flowers Residence DRB150239 Jonathan
Final review of an exterior alteration (skylights)
1220 South Westhaven Circle Unit A/Lot 42, Glen Lyon Subdivision
Applicant: David Flowers, represented by K.H. Webb Architects, Kyle Webb
Dunning Residence DRB150241 Jonathan
Final review of an exterior alteration (water feature)
1461 Greenhill Court/Lot 7, Glen Lyon Subdivision
Applicant: Peter and Lucy Dunning
Marcus Residence DRB150242 Jonathan
Final review of an exterior alteration (paint)
2674 Larkspur Lane/Lot 3, Block 1, Vail Intermountain Development
Applicant: William Marcus
Brodziak Residence DRB150243 Jonathan
Final review of an exterior alteration (landscaping)
4406 Columbine Drive/Lot 12, Block 4, Bighorn 3rd Addition
Applicant: Jane Brodziak
Linafelter Residence DRB150244 Jonathan
Final review of an exterior alteration (railing)
3877 Lupine Drive Unit W/Lot 6, Block 1, Bighorn 1St Addition
Applicant: Rodney Linafelter
Vail Clinic Inc. DRB150245 Jonathan
Final review of an exterior alteration (door)
108 South Frontage Road West/Lot 2, Vail Village Filing 2
Page 4
7/7/2015
Applicant: Vail Clinic Inc., represented by David Lyle
Peto Residence DRB150247 Jonathan
Final review of an exterior alteration (landscaping)
3950 Fall Line Drive Unit 8/1-ot 8, Pitkin Creek Townhouses
Applicant: Jane and James Peto
Vail Gateway Building DRB150250 Jonathan
Final review of an exterior alteration (sign)
12 Vail Road/Lot N & O, Block 5D, Vail Village Filing 1
Applicant: Melissa Greenauer, represented by Sign Design
Northwoods Condominium Association DRB150252 Jonathan
Final review of a changes to approved plans (window)
600 Vail Valley Drive Unit D310/Tract B, Vail Village Filing 7
Applicant: Northwoods Condominium Association represented by KH Webb Architects, Kyle Webb
McDonalds Corp DRB150253 Jonathan
Final review of an exterior alteration (landscaping)
2171 North Frontage Road/Lot 2B, Vail Das Schone Filing 3
Applicant: McDonalds Corp, represented by Mark Helms
Reiger Residence DRB150257 Jonathan
Final review of an exterior alteration (landscaping)
4800 Meadow Drive Unit 11 (Riverbend at Vail)/Unplatted
Applicant: Rieger Living Trust, represented by Ceres Land Care
Vail Corp DRB150259 Jonthan
Final review of an exterior alteration (roof)
862 South Frontage Road West/Tract B, South Frontage Road Subdivision
Applicant: Vail Corp. represented by Master Sealers Inc., Michael Boyd
Burn Residence DRB150260
Final review of an exterior alteration (landscaping)
1905 Sunburst Drive/Lot 9, Vail Valley Filing 3
Applicant: Jean Burn, represented by Eagle Tree Company, Shad Blakey
Schultz Residence DRB150264 Jonathan
Final review of an exterior alteration (landscaping)
5059 Gore Circle/Lot 10, Block 2, Bighorn 5th Addition
Applicant: Eric Schultz represented by Beetle Kill Tree Guys, Zeb Mertes
The applications and information about the proposals are available for public inspection during regular office
hours in the project planner's office, located at the Town of Vail Community Development Department, 75
South Frontage Road. Please call 479-2138 for information.
Sign language interpretation available upon request with 24 hour notification. Please call 479-2356,
Telephone for the Hearing Impaired, for information.
Page 5
7/7/2015
►owx of vn' 1[1
VAIL TOWN COUNCIL AGENDA MEMO
MEETING DATE: July 7, 2015
ITEM/TOPIC: Information Update:
1) Economic Indicators Report
2) Transportation Services - Signage Update
3) April 2015 Vail Business Review
4) May 2015 Sales Tax
5) June 2015 Revenue Highlights
ATTACHMENTS:
Economic Indicator Report for November 2014 -April 2015
April 2015 Vail Business Review
May 2015 Sales Tax
July 2015 Revenue Highlights
Transportation Signage Update
7/7/2015
DestiMetric&`L.
TOWN OF VA ! IC Resort waste pence.
Town of Vail Economic Indicators Summary
(Based on data as of April 30, 2015)
INTRODUCTION: This summary is provided as a part of the Town of Vail 2015 Economic Development Strategic Plan and
introduces a summary report of Vail Economic Indicators representing a winter 14/15 (November - April) seasonal view
and is supported by a more granular chart (attached). It is published twice annually, as soon as practical after the data has
become available, is limited in scope by the availability of data from secondary sources, and thought to be generally
accurate but not independently verified.
Vail's 2014/15 winter season experienced growth in most tourism indicators. During the 2014/15
winter season, Vail experienced negligible increase in occupancy (+0.2%) but saw a significant
increase in the average daily rate (+11.0%) resulting in an increase in revenue per available room
(+11.0%). This increase in average daily rate (to $492) represents the highest since this
measurement system was established. Occupancy, which had been consistently increasing since the
recession of the 2008/09 season, has flattened out. According to Vail's Daily Occupancy Report
(produced by DestiMetrics), roughly 100 days or 55.2% of the winter season were at an occupancy of
70% or higher with many weekends at an occupancy between 85% and 95%. This represents a
limited supply of inventory to accommodate demand, which drove up rates. Comparatively other U.S.
western mountain resorts (based on overall DestiMetrics industry data), increased both occupancy
(+5.3%) and rate (+5.6%) similarly and achieved a total revenue per available room (+11.2%), similar
to Vail's increase (+11.0%). The end resulting revenues were similar, although achieved differently.
Other metrics to note are snowfall, which decreased (-24.2%) in town and (-11.3%) on -mountain,
which did not seem to have much of an impact destination tourism indicators, but may have impacted
skier/boarder visitation. Gasoline prices declined significantly but had little effect on drive traffic, which
can be seen from the very small increase in Tunnel Traffic (+1.8%). Deplanements at Eagle County
Regional Airport, which had seen declining flights and capacity in recent years, increased slightly
(+1.5%) over last season. A variety of special events took place during the winter months, with overall
attendance and participation increasing significantly due to the 2015 FIS World Alpine Ski
Championships. While ski races did not take place in Vail, nightly concerts and various events held in
Vail had a very positive effect on visitation to Vail. Other ongoing events have been subject to
inconsistent measurement methods from year to year and therefore year over year comparisons are of
little merit.
This season's real estate indicators show a significant increase in number of transactions (+12.9%)
and a dramatic decrease in average sale price per transaction (-22.0%) with total gross sales
decreasing (-8.0%). Average price per square foot was basically static (-0.4%) reflecting a demand for
lower priced homes rather than the high end property sales that were seen in the past. Very few
newly constructed dwelling, hotel/accommodation or fractional fee units were completed in 2014.
Sales Tax is segmented by business type (retail, lodging and food/beverage) and further broken
down geographically by Vail neighborhoods. Excluding out of town collections, all segments
combined showed a strong increase in overall winter sales tax revenue (+11.5%) following the
previous winter season's sales tax revenue, which had increased (+11.7%). Specifically, lodging
(+8.5%) and retail sales tax collections (+8.1 %) each saw a higher year over year increase than
food and beverage (+4.8%). When segmented by neighborhood, Vail Village experienced larger
increases overall (+9.9%) compared to Lionshead (+4.5%) and Cascade/Sandstone/East & West
Vail (+4.1 %). A study conducted by DestiMetrics shows that the average of taxable sales at
comparable ski towns was also up season -over -season although with slightly smaller increases in
both lodging sales (+5.7%) and total taxable sales (+11.2%) based on data as of the end of
March.
Other Tax Collections by the Town of Vail include construction use tax, property tax and real estate
transfer tax and are reported on a calendar -year basis. As a result, these taxes do not correlate with
the seasonal indicators above. Construction use tax showed a significant increase in 2014 from 2013
(+32.5%). Real estate transfer tax collections also increased significantly in 2014 from 2013 (+44.9%).
In 2014, property taxes increased (3.1 %) from 2013.
Attachment: Vail Economic Indicators Tft�201 5
AtDestiMetricsLI.
TOWN OF VA I t Resort Intelligence.
Town Reserves as measured by General Fund Balances remain healthy at $19.6 million, a +20.0%
increase over the previous year.
GrowthBusiness
Business Growth is based on broader county and national indicators, many of which are tracked on an
annual basis, lag significantly and have just been updated for the 2014 calendar year. While not as
current and telling of the current market conditions, the Business Growth indicators show a steadying
economy as evidenced by unemployment in Eagle County, which experienced a significant decrease,
from 6.8% to 4.2%. The number of employed persons in Eagle increased in 2014 from 2013 by
+10.2%. Also, the total 2014 amount of banking deposits (USD) increased from 2013 (+8.6%).
The broader economic conditions have a significant impact on determining consumers' discretionary
spending and leisure habits, which in turn significantly impact Vail' economic performance. Though
there are global challenges, nationally and regionally, economic conditions have been favorable these
past several years and a positive influence in winter 14/15. Among positive anomalies is a significant
drop in Oil prices, while the strength of the US dollar may be creating both consumer and travel
disruptions. (1) Consumer Confidence has spent the past six months higher than any time since
2007 and crested 100 points twice since January 2015. Confidence is being driven by job gains and
stable financial markets. Strong confidence is evident in record room rates, retail spending and
booking lead times in the travel industry. (2) Job Creation & Unemployment represent the strongest
pistons in the economic / consumer engine. Employers have added an average of 263,000 jobs over
the past six months and unemployment is at 5.5%. Additionally, long -stagnant wages are on the rise
helping support increased spending. (3) Wall Street and other domestic financial markets have
slowed their pace and settled into a more stable pattern of gain / loss. Overall, financial markets are
trending alongside job creation and consumerism, but there is some concern about over -valuation on
financial markets, creating some risk exposure. (4) Gross Domestic Product increased 2.2% in Q4
of 2014, a reflection of the strong job, financial and consumer sectors of the economy, though it was
followed in Q1 of 2015 by a -0.2% decrease as weather hindered domestic production and
consumerism. This decline was not unexpected and did not have in impact on the travel segment of
the economy. (5) Conclusion: Though the domestic economy is sound for the upcoming six months,
the US relationship to global markets is overpowering, resulting in a currency disparity making
domestic markets unappealing to foreign investors (i.e. — international travelers) and at the same time
enticing domestic travelers to take advantage of opportunities abroad. This 'travel export deficit' may
be the next challenge to the tourism industry for the balance of 2015.
This foundational data set and summary will be further updated and expanded upon twice annually, taking its place among
the tools available to better inform the Town staff, its various committees and the public it serves.
—Q*4 aAA�.X_�-
Ralf Garrison
Director and Senior Analyst
DestiMetrics LLC
Attachment: Vail Economic Indicators Tft�201 5
Deta pmxded were soil« ray Ne— and Oes6Melnss In Jan. 2111 and updated In I—xOt6 hom a variety I secondary ewrc«, wince .. 1-ghl I baa«ume, Wt nmmdepend y rmed end nest used as a ganeml.... as an 11.
msm (xaw-x0u)
nasteay steers o.re e•D.-•Ds) o.ta cDa-'osl "ep°K wta e•Ds- ox. ros:oo) D°'e r«- �(,00-•Bn x�ma wre e•Dx- Dara rD>-•oo) ."epv1Oie (•00� �„aroe-•D91 "�°'t D.fe rD9- oar. roo: aD) D.x: eaD- araeao-•aa ."�^`D•'"raa- ova cav •v:) "ep°rso�e caz- araess •x3> Deaecvo- Data cv •v+) xeaoKD.ara.-
os) •sa5i x rye) wl 1m •sfli x 121 m) 'vein ` w)
a mer movemcer'o,- mer (rvwembv'Os- mer(wvemxr ntx mwemcer rarer (wwemcer tux (Novembv mer (wwemcer nm(Navxrox mer mwemcer raw (Navarov mermwemcer
moklM9`�'xn9 at Gomm a norll'os) "/a I'm) m-rom roI) o,-nwll'm)-roxl'o9) u'1o) 1a-rola'n) `i1-AM9 xn u-roxl'131 11>-rodl x.) w-ro,rn)
(Ez,�D59e) su mer (nav ros- mer (nev tl6- mer (mav'm- mer (may •1e. uxmr(nay'o9- mer mav'10- sumer(nay'v- my mav'12- sumer maymmer(nayxs-
olopv�Dle:°Ira axr as) r'15) r1E) wer'1B1 r•1g) wx'1m r1a oawx a2) r13) r1,)
m9bw mer mwemeer'o,- marmwembx'os-,1)
mar (xmmeer tux mwxnbx mer mwember mrx (Novxnxr nrermwemm, W..NN mermwembar nwi (wdyxrDx mermwemeer
xlgNrN mwn9 panem9 at rim rao~; Amu'os) x/a Aprll'o6) saw m-rom w) was m-April•m) s+oD w-Poxl ro9) sae+ D9-AMa xD) ww 10-roms»+ 13-Adsu xz) w98
3zroxl'331 s+vs 13-rom x4) s1w w-roru'3s) swx
m same pemea mer may ros- mer meY tl6- mer mav'1z. mer (6ay•1B. miner mav'19- mer meY •,1. mer mav'11- tux eller •12- swmer may xa- mer mer'1,- mmermeY'1s-
ras) s1+a r'ob) sue ner roz) sus '1B) sass ner'19) s1.6 wx'1m su1 ner'1n s1w ne,'1x) saw r',3) s1m er'14) u90 a r'1s) .ra9am
mwiq
elon
la
male
wmer move_'.-
apll'OS)
mer (rvovewbx'Ds-
avara a �)
+r+
mer(ww ,
06. Aydl'0])
tura a
oval Oanvarv'o9-
Dec=mbe 'oe)
awl Oanuary�'o9-
Decembe )
oval (>anvarv'1n-
D eine=r'r1)
nml(celaevarv'a-
oeu m rye)
—((>a."12-
D embe<'12)
-11 (1 m1111-
re m '13)
awl paev.113-
Dere m =r'13)
.-11—, '14
x'14)
w,e40
42,000
ante
ria
mer may'Os-
'Os)
�a0r
mer (nav tl6-
'm)
mer (nay'm-
'0E)
,aOD (cumale)
,Ola /esflmee)
,aOD fesumrte)
,Om (wanere)
,mD(esumce)
,Om (mNnnel
non
may ns-
rmay rob-
mer (May'm-
my (may'0B-
sumer (May'o9-
mer (Mav'10-
=(w
wrmer(N,',I
I
ma may'1z-
survrer(MayI
mer(may'1,-
aer(Nay'15-
la
cmrm
r'os)
m,aaa r'm)
x1300
ber'on
u,em
wx'oB)
2.,995
ner •191
v,sf4
l
m,mz
ner •111
xf,9w
w,wxx
m,oaD
r'13)
af,w1
r'1,)
zam5 r=1s)
el sra9au
0
rrwspo
s
mer(.—, w
mer IN—'mer
(rrwre ne
mer (rvove
w]-AprO'ON)�
mer (wove ne
rrer Move
mer (xwe ne
erte-(rvw
w1-API'12)
mer(xwe
n ,I— «
IN—,
w,-Aprg'15)
ng struau
Aard'Os)
1114. Aprd'06)
am,9x2
16 Pon1'1])
.a 7
350.198
ce ronl'09)
xee,sDx
w-Aym'11)
3x,929
O ro,N' )
3a5,e9e
sm,2m
W Ponl'13)ne
555,151
3-Ponl'14)
5µ9m
aalexs•
mer (May ros-
r'OS)
mer (May rob-
' r'O6)
of av
mer lmay'o]-
r'o])
o beINovembe,
aver
mer(May'08-
DRdw'Oel
of ave a
wrmer(mav'o9-
ocm ,'09l
mer (mav'10-
wx'fo)
wmmer (May'11-
r't1)
�nrer
tux (May'14-
Wwx'12)
tar a
Summer (May'13-
cm ,,31
mer(may'1,-
r'1,)NI-N-1r'15)
�(Nnv=tube,
mmer (Mw'15-
va
T- 11.,
rarer mwemcer'0, -
mer Mwemcer'II -
ntx (Nwembx
'N tuber
nrx (November
(november
wo-rom'11)
inter (November
w1-ppm'lz)
r mwemce,
w3-rom'1,)111,961
mar w9mmber
q s,umr
'os)
30 ,3 5 '06)
6,
06-ron1'1])
1x4,Des
(]-Ayll'OB)
184,505
o0-ppm'o91
u10m
N-1 I)
vee,
va 5
6 ,w
'131
1]3,x
mer 1. 11
mar((May'D6-
mer(1ay'D]-
tux �May'oe-
mer (�mav'o9-
tux(may'10-
ahxwr Dom ;�May'11-
mer(May'1z-
m,mar may'13-
mer(May'w-
mermay'l5-
r's)
xa.v.aable ,' )
xwwalaue
ber'])
xoe evamble
Dawe»' )
xw waroae
ber' )
u%a
ober'D)
) r )
403139
v'lz)
xx.......
ber'111
.31.
ber'4)
atwalr.b ocer'1s)
usva9eu
iane 111
ry
mer(xwemcer w-
mer (xwamcer
mer(xw ,
mer (xovem ce
mer(wwemlxr
sw (November
w9-AMu'111
mer (xorx be
mrer (Nov
my fxwemcer
er lNovunner
3.
ter (x
menage ma
'1s)
'm)
m. Pomo])
n/+
'm)
£9+D
BB. Poen 197
o. Poen u)
16m
t . Am�l'11)
a
r 13)
awl
Ponr14)tae
4,77
,
mer may tls-
r'os)
mer may rob-
Sue x wx'06)
mbv vx
mer(mav'o]-
ber'17)
aur. x
mer(May'oe-
wx'OB)
1UL ix
mv(Mav'00-
r'wl
�er(wore
xuty x
mer m.y.lo-
Darwv'ID)
+,ew
m=, (Mw'11-
r 11)
3,w2
m=,mar'¢-
r'lz)
of na0exe
mer (MaY'13-
r'13)
11W
m=r(Mav'w-
r'l,)
b1
mmx(M9Y'15-
r'n)
i po n
me(xovemxr'm.
writer (xwemcer'1s.
rlxwemner
mer (november
,
mer INuvmber
w9-Pox'11)
mbr(worember
mer=(Novenbv
w,-Pora'12)
mer INove ,
aeMrllwemxr
f6/was/1N
u1
'1s)
w/w 13/ax Por0'm)
ss/w n/bx
o6 Pom'oy)
ss/w 31/r.x
m-Aprn'1B)
se/w ss/1rr
ce Pom'm)
so/w W.
10/w 20/u5
1 Pom 11)
x/w 7/1x
a/w 7/1x
.Apnl'15)aarn�v4)
1D
x
mer (May ns-
mer (May rob-
mer (Mayo]-
mer (may •oa-
surmer (nay'09-
mer (Mey'm-
umxr (May v-
my (May'Iz-
sunnier (nay x3-
my (May'w-
nurer(nwxs-
r'D5)
3uevtux r'06)
3ulv+ix
ber •0])
xuly+rx
r'oa)
3uev 4ix
cer'o9)
xu1.v+5x
Dmwv ND)
x1/w x+/1x
cer •x1)
as/w 9/1x
Dnwx'1z)
xee m0aue
Dadcer'13)
f+/w 6/u5
dinner"+)
waw r'Is)
oe 0ve0en
arab
ceome
mer (xwemcer w-
mer ("mincer
iar(xm
mar (xovem
mer (wo emixr
xer(xova
mer ("tutu
mer (Nov
mer (xure
b0v(rvw
mer (xure
mauomlamur
Awn'1s)
Por0'm)
aD,e9a,o12
om6. Pom'1])
II'm)ce
11oo£3n
�. Poen'w)
iawy990
9 -Allo 11)
ss,e+e,6n
o. Poen'1i)
12, n,saa
A ,l 2)
,61411"
ll. Pom'13)
ix,3u,3u
3 Pom'14)
14D,3n a. AIN'1s)
1apm,n6
mer mav'os-
rosl
w
mer mav'06-
roll
116»,eu
IN 07
,ml
me. mav'os-
wane, (mav'o9-mav'Io-
,'091
ober'SD)
mer (mav'1r-
,'ul
�nrer
mer (Mar'1z-
e,'lz)
1axss,3m
wmrer (May'13-
r'13)
u,n9s,ew
mer(Mar'1,-
„4)
o �ne(Nevxwar
mermav'15-
r'15)
rar
=canary
ar ceopx
(Nmmcer'04-
mer (xovemcer'Os-
M., I—
mzr (November
meb. (wmmwr
.gar (November
(rvmmber
WO-rom'11)
a0x (Nav=tube,
111-aw0'tz)
re'mmmear
16E-rom'13)
m`.mmmbar
Caunry
n
Apll'os)
i 1,— nprll'o6)
fe0,oe6
m-ronl'DI)
1m,wD
o]-Awu'oB)
iel6oa
w-rom'D9)
123,333
ro9-nprl'1D)
1wpa9
161,8+2
uasw
v-rom'14)
131,3]3 -Ap u'151
133,301
miner (May
acer'15)
mer (May
59,xm r'15) tl
3x,mD
miner (may
her'0]) m
a4ow
tux (1May
r' BI «
315DD
ismer (M
ber'o9)
iaa�3a(Mlry°'xwas
mer (may
omwx to) 1
51xw
Surmo'M
her' 1) 1
31su
tux (may z
'12) '
m,fu
Sumer (Mw'15-
ber'13)
x9,11"
mer (Mey
'14) '
mmzr(May'15-
m,53x eber'15)
wAraaaW
__=)
a. vsa
eat
t.er (xmmcer'w-
mermmmce.'w-
Iwwmer
(November
aD,ow
er (November
IE051
mar (xmmbe,lol—
"(November
I2pe3
cer (xmmber
10.3x3
m(Nwxmw
cer ("mincer
x1696
inter (Nwmaar
11818 rer ("mincer
mann tem
mor (mav
'15)
mar may v6'
.era a6)
�mwambx'os-
mer (may'm-
'1])
n.6sa
mer (mav
'1B)
warier (may'19-
'09)
mer lmar'11
1)
2a1w
w��ermw'v
)
ma(mav'12
'12)
=!,M)" 11
,3)
�am
mer (MxY'1,
•14)
�(Nwxwx
mmer'May'Is-
161 9)
mnam
marwwamoer'w-
ma�(wyembar
tux mwxabx
11s�ies
man, (xmmbar
f4sm
rarer (Nwxnbx
mar (xmmner
.rax (Nw.xwx
x689
mmmner
ma'mmmner
mcr'ima
e� iM.
o
e� iMi 1
g (N. 2
1
s ; IN, 1
1
a; iM a
;1"),11
nner as)g1
xw arara. r'15)yro`
ra,)
243+0
'aB)vB
r'o9)pw
idem
wer'11)y1
r'1n
.3w
,12)r
r ,m
r ,19)r
o r ,$)
re.
.nAagwrlsmrmaapramnamammmx.
m
r sna.6an
snw,.rom
-
rax mmmear'o4-
wlme. (xaemner'w-
Awll'o6)
mar (Nmmbar
m-rore'On
JW— (I
.mar mwxnbar
mar (xmmeer
-ronl•w)
rra, mwxwer
v9-Aa1,1)
rarer (nmmner
a. rore•u)
rax. (Nw�Dx
v-Aua'1n
nrermmmea.
�z-rom'13)
drier wdymDx
w3-rom'14)
tux mmmbar
'1s)
pernmmeer
-
M'os)
xmw«Iner'a-
wmryrmmmnar'Ds-
mar(wvemner
riser mmmnx
rear (wmmeer
i1
ml�wwemner
mar (wmmber
5�wwemnx
111-Nr9'121
.".'.bar
w3ronl'13)
wM1er (Nwxmx,
re
227 1'15)
'OS)
rorll'06)
06-ronl'DII
Ox-AttN'OB)
fO�Aall'D91
09-PaA'1D1
OronI i11
33-rom'14)
ximmd
r
wresr
mer172
(rvwemcer'D4-
Mrll'O5)
calmer (rvmmcer'os-
4af1s1e w-1()
s�o0.952
mer.(wvemcer
D6-rom ro])
S094Ae4
m��ovember
tlx-AmlI tlB)
£xw,oD3
mer (xmmM
w Mn,,De)
£x34ew
pm mwemcer
09.Axv1'tDl
£w42u
mer (rvmmcer
a. rom•tt)
£ue,mx
IW—CN
11t-AM'1x1
5,1eD,u0
mer (nmmcer
-Apm'13)
£uf,sex
m1n (Nwvwv
113-rom'141
mer ("mincer
£saoa �a-Awn•15)
s,sn,na
wrcWaa peg
mer OrSav ns-
r' )
S4ee,399 mer (Wnav tls-
r' )
£sa£1w
w'ri'er oMay'm-
r• )
0. .7
mer (�av'0e-
oacbv' )
s,exlw2
smmer (DM9ay'a9-
r• 1
epw,x2D
"'v 10eY'10-
oawv' )
ummar'Mayv
r' )
£sans
)y'xE-
mvyyu
s,waxw
surme'mav'v3-
£6w,ev
mav'w-
mure'(n'Y'15-
7/7/2015
°eta pmxaea were toll« by Ns ro.V end 0ec6Me«s in Jan. 2111 dna updated In Iona x0t56omavanety Dfcacondary sources, wM1mn emr g «a«anile, bel —Id y Mmd end N1 aced ac a. 10-1 ... ac a-11.
Iprtcs
Inmmtlon
mer (xovember'oq-
n npru'os)
Mer (Novemcer'os-
fi.% pp'u'o6)
Mer (November
5x33 o6 -MM •o])
rbm (iw9-3D15)
Mer (November
I SS.w oaMM'oa)
Sa63
tutu (xawm0er
'Oa npe'lo
ncer (November
5x.85 10-MM'11)
neer (NOvemdry
S3.v3 v-gpy'1E)
3DdNamr
a
Dasmay 4yese o.m (•oo-'05)
wta cw-'os) ""'os-
ob)
wmros:o6) °abero6-
�i rt
(,00-•one•o]-
011)
wra ro>-•oo) !'ao°N°«a (•oof
a9)
„a roo-•°9) "�°"o.te ro9-
11
•�11i rt
wmr%: vD) °ef (•10-
Parvo- as "�°'t O""C.-
1z)
wta rv�•v3) oewrt Daze (•3z-
13)
,raev: •v> oa a(•vz-
'II.)
D,t, ev •v,) Dawn wtarw- „a rv4•v)
x5)
N W.y—m
near
r. Dace day
os v
gol16, 3%6 a
A01 a 3112 y
Mm 1; 10D9 °
gpol I, 3010
Mrd 24, m1v —Y
gpdr e, 3012 as
Yamn 3L xDv3 su
MNI %. 3ov4 sr my All
fZM
'io)
v "N 4, ions
3uN 4, Eros
MDnda'y
4, mox
luN 4, zoos
JVN 4, i1Xs
, -0
IDN 4, m11
IW 4, m1i
1,N 4,10x3
4, iow
yddev 3uN 4, iots
mar ('0—
Zp;r
rrter 1-11
mare s
Laid nM
ala tut z
did rwt
did rct Dc 5
Maid rwt 1
ala rmt 1
mamas: ayv o< tuber zs,-1
fi—, nicer xs zao6
xlonaaY tuber x62
rDatlaY ember xsz
WMneMaY tuber zs,z
ThurWY anbv xs,z
Mdy nicer taw
9abvw1 eebrw xs, 20
O.Nd, nicer zs,m
—V tuber zs, xo
—Nddy tuber ,-4 TIO—y
Iprtcs
Inmmtlon
mer (xovember'oq-
n npru'os)
Mer (Novemcer'os-
fi.% pp'u'o6)
Mer (November
5x33 o6 -MM •o])
Ma (Nwemev
53.33 az-Mru'ro)
Mer (November
I SS.w oaMM'oa)
Sa63
tutu (xawm0er
'Oa npe'lo
ncer (November
5x.85 10-MM'11)
neer (NOvemdry
S3.v3 v-gpy'1E)
ncer (xovember
f3.ss I, -m")
f333 13-Mro 14) v
3331
lis) ' fx33
ma 01aa0 mer (Mayas-
mer (May b6-
mer (naym-
mer (may •ab
armer(nav'u-
mer (may •10
samrer (nay'11-
ma (may'1z-
sarnmr (may x3-
ma fmay'w-
mmer(nay•Is-
N vs)
fZM •1X)
Wn •o])
S3.% %)
S3.0 •ro)
fZM
'io)
SZ]e •lit
f3.se 'ix)
93.5: y3)
13.51 '19)
Sy.sO
ys) ea a
a4er «
Yg deers Hnm1
mar ('0—
Zp;r
rrter 1-11
mare s
Laid nM
ala tut z
did rwt
did rct Dc 5
Maid rwt 1
ala rmt 1
dldrr« z
didn«« .31 11 Oiln
adv Rmmary za
ua �)
xpls did
Va,l
asi a
R ye]c4wec+
oar
VaA Symposium 1°
;513
ry pawa
Mer (Dec
A k,Onaa
-_-
031
.11 Vdi,y donRew a
a 4.
w
t oa
rat
n t oa
o Ga
73
no
11 asar
OuS
6 (1emlNmNblw
—1 did
did ]
dtlw
dtlw9
D
]
did « E
did OE]
9Lo% ren
�BSo
open
a1.s%
.1
did Nt �
�z;
1.�wnN3
�zaoaDdid Nt � 131-Mr3,
ar 3ry/x123
1319 alslxopa
1Ass
3/z1Ralss'rc aA3o
m -Mm 1,
ro2.r93-s,
Q,
(m— n-
wgi)Mar (Marro za
,m n a rm a1 31--11,21X5
-
zx..
zoos
oMmz-s, 2-nt3;o%
w, rola
roar zoo
r2z eu 1, -2aauuoanid"Dm
12,000�1)May
a%o
Mru 6-5, zro5
o -""a
Mr. S -a, 2006i
4,4100 Md�11-11 xro]
2g-Mru 1,
opal 1 .1x115
gyre a11, x111
45% Mol ], 2-_
0 for: 1z: Hm0
4a% /pnl3.a 2111
1.,731 ret (Mol as)
Mer (oyn z -s)
�°"a o sprang oda td veil pvu a -la mos
4112 as, zom
:ao% ppru ]-13, zoos
MM 13-1a, 2-
nn31, .1 m1.
au iazl Eo11
(3 pa 9-
-1 a-11 xa13
rarer rMr1 il.i3,
51137
WI., (apM n-19) vo,aoD
;ssD
did
nide (�Gep,�nmm I 1 s, mos
1;ou (gnaw) 31 Inns a, z
za,%D 'u13•
3D,D% a e, zaoe
l .a -],x115
a as x111
3s,m] x s, 111
4au]Ma, 31 wre 3, x
s3,eu a5, x113
M,a'"' «araHY
n
2.7
bxa paruidpwm+
xu�wM,
1'l6
5a3 wm::
n . ,�"vpilay0ali w naa.2ws
1s 1., zoos
1111 zoo]
a 13-15 mos
v3;
w -z1. zaw
5 g �r'Milo
a laza, zolo
a9 wrNDlw n-19, ml1
%4 wmapea. 3 a len, zoo
10-16
a,%D (3�p� 1i-16)
(��':a°rla'v"rk
o� i¢zl) M aya9aY
summa IuN zaaxaosurela
x6,41110 u1
33,%3
ssrnlz 16
eemember
311,%11 1
34539
iNupesdgK.lun 15
�1se¢e31,
33, Tre'days.
5fl3
,w"
3D,5 summer
pure rt3)
M9J
u
summeMyaa
(lune jr,.,)
15Swmmber
(1 mar )
seprember
ON a16 (ter Markets)
1« «D I.n. 16Sep
11] (19 tem
«D e Ila
130 %D a sem z1,
115 Ra markers)
%
Sep 15,
tgsm[ zs,
rat (15 markets)
35eM 31 pe
1542%)
D y ,ane
Summer
,74x (lure 15actaeer 5)
]
Summer
"ane ismeeer do a
- 30ry 4,
- 31N 4,
Iu1 6,
1U13,
u,( -wN]
a;su
Sao (no yDM
su Ya
e a ra v, llN 4, 21X5
y, 31N 4,21X6
30.0% aY, lulu
a, u ,
YaY,3W 9,
raay, 3W 4,-0
av, leN 4, 111
M. ]um--
42,0%
m
werir) Itl ghare:lW+S
sea% mmv
sxgnune (1.114)
veeeWa
ore (311 4)
vol (Gary
35069 t9 Pvro2aax1X6lum
36 ]n t9 pert«mavrcm:
-
ncer:
32,6+9 ��uN zs,
3a%9 9paf«marlcez:
311 s3a2DII
2a w33,
4L4u
a;ass 4, tun
,2013:
atrp:
]Diel w96x mY
533x]
x115 Ma YY
V0- antes aaN) z6 -u
2=25
IvN i-Mg1i1Xa
eisneg
eteap
er
my yea
Nana a1
9 su
1 L%
1Zz49 ] wammaly6
1L5% a(Dvudp:IDNn-
1.W
9DN
1u
14]%� ay,st
Sasso
"ef pDly zx" «area
0 Y
Huawamn (Gxrpce
g
l7 9, z%
g 11,
zagw la, zlv
W
M
i)yvsm
n s)
mmmnre
sper6 .a��a ceaS Dara mar zoos
marz1X6
wNawa«s s zoo]
°'
]pammra"w su zoce
mar
43 payama«a sarin xros
«
i3onn—
9aov
ma moo
ssDa'rDnrr'"fBz s lou
err
bNDnnenea` w x012
ma
'u paysadarl«s sunme x113
40 pem""artn w mer 2114
aiosx%
rzols ay.11.Y
%�
;xn
a3a:
n44
1,sw
;w1
pmawwls
«Impidmedm
« ]
« xlxY:
man)
;s%rs: Y
4un
6Hmid11 VIo-
drp 1a, x111
Z9ss 6M.san.nrys. IW S-
1aap 11, (5
3Ass
a3aw 5a°aa'K:n1
ease summa
pure rt g)
s,4ss
N1A01f ) xotayaeada
Gw 1a.eapDn 5
rwinp pc s
x%Ircdu® Mwn--6
nlrcYal aeprn as,zm]
n�
wulrcYal pagan l-3, nice
u%IrcYal 1uN 31
3 Irclum a
%waam
3o-
manna luN x5
z1 xnlz
s'tn9ms) a5v3
tsma)oY n«
° 1i 3v3 ManeaY
(�mmrer .a3v5 -;zoos
slaps am.)
elm rq
aw�ma«
-pug; ml5
aw�ma«
Mg.I, x011
-3.4x111
e�e)(39.D -
(3ssemrr.) wN z6 -m, x11.3
(
oW Yvan roam
Hgla vaoay 6vanrs va�,l oats��1
ao% oagvse tau, 21X]:
4sD0 upon oxo, tae:
40D0m—ss
4s% mre zcz
aIW 1,
Mn
spvlal amM14 PO
did"
20.
.1
20lOdid°car
5yan (Is vazr) it30,CW
Al2
didn « M0rn 23, YNay
a0.a% <agwe x3, Heuraav
9.999
23 NIA
.11 a 3aa@ne Narket gwMaa
;x% a as
;x%
;]% s
i]0o losuidayz�wre
;m
9 su,mvz,3cezx
nav x9/w IDN a.
;0% 2a dtv v,
t (lo —o
lona 21 3D
po sDnaays)
;s% (la surdaK)
;ssD aup me Marktt
asmne Nadxt vee
Mid a un Sas t4 va1150,ve 31X5
Event n ett4rr
5vme ««r
wry1X. pdsuu 211,:ppg
5ymt D� o (la years
s-
4000 3, xao9
3 %0
K. 4Ng
ION x-xldL xatt
;]% (91xa5daK)
(93nursaaK)
gA% (s rnumays)
—®Val sawra
-,ON
Sas M.115°oare yaa
as party sepmMer z.s, mos
3,s% swmmMl<, x016
45% �'� 31-
us129+aept 1,
4
4 sit 3-x, zoos
a%o
aa% sin x -s, 111
mg 31 -snit 3, tun
4s% - ceM 2,
WOor °ry Wetlrera
;doD
summv
summer
Da¢Hunmam1'e1 2-
2.7
4m
9,m x15
10.3%
mer mo
10,%D ]ssq,t s, 111
149% .1(muM3•
lrert°ma,rgY
�)
�� (lire zz-segvwx
nAxs
punezz- mea
ekre9rmz series Mxoos
dear 2Wg
3wy;16
'."2.' I'
Wz 162—
M pds
Mre,re,res/vno
did nM
rent ]
rent
rent
M rot
a9. ], xr11
% pug. l3, roll
L]u oag,et la -i2, mix
%c0 Mg9-v
eleoma
(a3trams) IM9urt x-io)
(.yuwsmq
summer .—did.
(spun] -10)
trewY
r 0.didw
r
5yere1;5%ter
Evett awr
1-30.1%
_ r
m i01x
did trot 2013
B 15-n
c
HYM1pne Sports. Sagemba3, x005
_
]pOD
y1«hueThrmtl 5epcamba l -z,
qugus[x 1, x➢pe
a -6.1n15
sept 4.1Zoi1�1
00o -30.o% '3'Sm2olt
a4o%a«
apg 3lseM 3, zoo
x;s%• Mg3o
mer (Fuwat x9-
Summer (NputM
do, ,e
9
Il—
a00D
A
a0o0 m-117
4
aAD s:1&I—,
III I'll a n
-0.0% B
m,nm 711, w
30% I
;
% mof saPmTOa
12
y'""Ae Maa
-
Dewe
2010
. sept]
..7
(bbaao Grana
zoro
411
2012
w septi}13
200
Sept n-13
Hale VaHy Rents T 21X5
—aid n««mr 2006
vert aid rwt«wr 21X1
vert aid rwt«wr —
vert aid rwt«wr 2-
Hm. x], 3014
Sept x], 114
m
5vertdid nM Daarr x126
Start
�r1s«tzx. °a 6:
e;ss1 mom( �i6e
64x14
(September zs ya,
dm.1 pmarlm OrP
r Sept. 5018,x011
sept m -z3
�'auasvear
%WrrepWme n ma(Seprarba
1—Nddddra
k tun
5yertaid sae agar. :1X 6
z1X5
aid r,at
zeta
zoo
9r.Ma saps l3-5
sap l9sl
Hptambar v-13
Z1 �ix1b°y
a ra sepember lx.v, xWS
1p°R
segember n -x1,106
ssD wrNidewner.« sewmcer lam,
awM4w saplamber is-zo,
z�s wrN wMa,r
LssD [Drcoua 17 1% x009
1,000
Se5t ia11, x010
m`�eara,
Wspecmews Saps 16-1I, 2olt
33.0 spenamm S 10-1%tun
1.— s«.11
OwHwmcer7-9
Sepremba xA
.15ympoSum Spe..rIIII s<s
did 1011
]ss
1,15z
959
;%]
a
m 1
9ss x.12
6]3 l: in ec
did,�b Seri (are
;b10
year)
®rn year)
a(6 dam
-
m'
;z%pla°'
d,No —
.
1,1100 1-
i .
1" 1
�
in 1
(rcnmid.)
Mar..
r
,ON rz,
rz2.74s%
xpwmcer ].4 zoos
ao% m
Lm
ear mlo
;1m r -11
1%3 oro2—,Eels.
;a95 25-x6
--4
4su
odDcer zoss -i
Imo swm42-
at
did w1 ceremcer ],m
a«srr
1,— rats,
x0.%0 ate,17,m
r
:0.o%
]4a% lata zovx
a;539 uv9
(1n vitt
..
,
7/7/2015
D- .— .. .1— lyNe — ..d —M— .n J-2111 ..d updated In land x. I 5 .. . —, I .—., -- -�l .. lh-ghl I m -- 11 n—d -.11y .-d .,d — used .. a —.1 .... .. a-11.
7/7/2015
Oata p—Ided were cdleae by 11 TOV and Oeab--Jan.i—a p m Juee 2015 6e a vanery asxwd., awrwa. which are -hl beamumb. but not i—p--, vadied and heal vasa 9 rel wawew as a result
Vall Ewrmmic MElwbre: Mal Febte (x0"3015)
snalwbr .w DeacriI "I—wcefOs-'O6) Data CO—) o Date('o6-•07) Dab ('" -'m) N,Pwtos) Data --w) Mportwb('Oe-'09)30) Mport Daa('io- wb('YO-'SS) ngmrt mb('SS- ata ('x3-'Yx) ab fsz- wb('Sx-'13) Dace ('13- mb(•3n'sa)=It aw(•x3- Data (•1a -'ss)
Peal Eswte Sa Eagle Cnunry f rater (November b5- Winter (November'06- rater (Nouember'D]- me (Nouember'OB- rater (November 11 4111 W'mta (November'1D Winter (Novemba'11 WMtzr (Nosrember'l2 mer (November'13 nmr (November
rs Omre 'D6) Mnl'0]) 1'De) 'D9) h0)-Ap9'11)-Mm'1z)14 ApIl'15)
onsw mer �May'05 mer (Mav'.]- mer (May'IN mer (May b9 mma(MI 10 Ocm mer (Mry']l ma (May'12- mer (May'13- mer(May'19- mer (May'Is Awllable
er' l x3] ambv'oJ) 156 v'DB) Sag r'O97 116 10) 195 ,.ttl 1x6 v.12) 366 ,N3) 199 vY47 19] rJs) °t
Sa.6aw �Nnn ale phae wM mevember ns- wmmr (rv.ya nber b6- Mwmber'w , I(N ber'Ds- (Nav .w--1 wiarg (Mwmber'II wing (Mumabm'11 wiam,(rvevemba" wM�iNayrvnbv'13 a-4—. tuber
w l 4s,vw,xa9 Mm'o]) i3,s69,933 ) ix,xs6,3w ) Sbasa,3ss .10;. Sl,ws,s93 .pyril'u) 4v,—All
.Mal'1z) Ss,]",393 -Aril x3) 43A33,3]5 -Apm' a) Sx,aaa,s31 wq.pym'ts) 4s,J33,sv6
om wlNln Su mer (�MaY b6- mr(01ry b]- mer �MaY'06- m v0 Mp
er l Ei,wl,sz6 her' ) 51,n0,e9z r• ) S2,sw,Jn mer bg)v� Ss,xx;Jza]0 lu0)mr(May mer1MaY'll- me lZav'iz- mer 13ay'13- my 3Mav'i4- mer lsay'15- n vera
Sz,11y6aa.10 r• ) ;lAa3,006 a' ) ;1,36x,63x r' ) ;1,330,990 ba' ) 41,s0S,]3a Ocmber' )
Nlw MrSnwre
b munry
rs re
reof
ntr(NI.—b5-
;m
w9nmr (Novembr'06-
Mril'o])
59ox
nlr(Npvember'0]-
,081
S]se
w Mr (Npvember'09-
51,103
nbv (Nownbr'09-Mrll
,10)
;]91
Mr (Nevember']0
_
5909
Wlnmr (Novrribr'II
.April'tz)
wi0
Wiaa(xovember'12
-Mnl'13)
SJss
WIMr(NMxmbr'13
-Mril'l4)
ww
WIIINorember
l4-nynl'IS)
59x0
fwtwim
mmer(.y b6-
ocmbvro67
4631
ma (May'0]-
b0,0J)
Oc^pbe
S726
mer (MaY be-
r'DN
ember'D]-
31,300
mer (MaY'09-
pdnber'o9)
Esw
mina (Mry'10-Ocmba
107
41,060
mer (MaY']1-
r'll)
4]x1
ma (Mry'12-
ocmbr'Sz7
Sssx
Summer (Mey'13-
october'13)
S6ax
miner (Mry'19-
oc[abv'14
Sna
ma(May'15-
ocmber'ts)
amble
GrasSala6 —IN TeblGross Sales Ynatr (Novembr'OS- (Novembr'06-
rs ce ant (usq Ex03,ns,3oo $3J9,]3e,zoo5399,730,500
Mr (November bB- nmr (Noeanbr'09-Mrll Mrbe(Nevem ,11 Wlnmr (Novembr'll Mr (xovember'12 rate(Novxmbr'13 W1Mer (NowvMer
Sne,"9,500 ;198,63x,]00 ;zse,ew,11] INM9 990,2" S2s9,854,3e0 WI ;331,BaJ,ai6 $315,100,119
n[PAW
in veil mer(Mav'D6- mer (May's]-
'DB-(Mmmer(MY(Mav'13- (MaY'14-mer(Ma1301,961,100
'DSz16,569,a9DSx]3,a",3w
';011, ' ;1]a
Ex6lxfiax" •1]I;x35 SlS3"x39595 51va aW,.,(November'03-
Winmr(November b6-
W'mter (November' 13 fer(Novemberm
mber'D]- a((No tuber De nter(NDvemba D9-4111 WMa(Nouember'1D ter(Novemba'11 W
11'16) Z"
g,IINovember'12
'D)ve 11) -;(x011) '1z) MM'vNvanNI
16- mer (Mav'0]-
'D6- mer(May'D9- miner (May Dvo Summer (May'11- mina (May(MroSo'ml rD91 omberl.is)raNumbs
WMvember'os-
winter (Novrnber'06-
1,1r'D]-
nlv(Navemher be-
nter(Novrebr'09-Apll
WIMr (Navember'10
venter (rvovember'11 Wln[r (rvovember'12 WlMer (Nwe W II nine (nswa
Awsmrs ce
Avnl rob)
Mrll'o])
1.3
vel
'1a)
-Mdl'11)
-Mal'1z)-Annl'v)Mril1'15)ar'D8.av'D9(M
156
r'D9)
�a)
avvoctotr'e])
1'11)
avnvaay'1z- maf (mav'13- mer (nay•19- mar(may']s-
a) s) ,xwname
march
cauery
rvumbra
Wntr (rv0uxmber ns-
winter (rvowmbv b6-
Mr(rvavember'w-
My Movember'Os-
rater (rvovrnbr'"-Aall
wildr (rvovxmcer't0
wlnmr (rvovembv'u wirer Mavember Yz wlhter INv—bx'13 Mer (wovember
Nwvertsrs-d
Visors ce
Avnl ros)
Mru'm)
•Del
Ib9)
'107
-4111'11)
-Mdi'1z) =IN-MrllaO Wa-4111'15)
ez mW
miner (Mav b6-
aros)
mr (May'0]-
Socmber'o])
mer(MaY'09-
mr (MaY'09-
•
mmr (Mar SO Ocmbv
x
Summer (May'll-
•
a(Ma'12-
me.r '(1M3)ay'13- mer (M41
12) 'eY'19- oammbar(1M5a)y'15-
1°
munM/
Numbra
ravel (]anuarv'O6-
ravel (January'0]-
ravel (1a
ravel (]anuarv'09-
ual (Jana 0
Annual (]anuvy'Sl-
nwl(Jmuarv'li-
Mnual (Nnuary'13-
ravel (Jaruarv'14-
Mnual (Janumy
stwbed
rtment
stru[tM
emher rob)
9
bah])
X
)q,08
D�mber'DB)
JS
tuber;;)
69
anba'10)ry1
89
mber'11)
9
anba'13)
0
1'13)
4
Dereniba'14)
6
Daanba'15)
of •vallabl
atel/
munrty
ua11,111,16 -
ual ()an
ual (]anuary'08 -
ual (]anuary'09 -
ual (lana D
1
ual (]an
ual (]an 1
ual (]nn
ual (]armary'14 -
ual ()anuary'18
owtl
Mea
rtment
onal M4u
wlnm va1�
ember'067
11
Oaembr'OI)ry
»
mber'06)
90
mber'097
x
0ecrnbr'30)w
3
her lul)
0
fxcrnbr YE)ry
0mber'13)
0
ember'la)
0
erember'15)
o<Avaaabl
1600
mwAvI
Oanvarv'.6-
wl(]an
vel Oaawry'.8-
vel(I
sal One D
1
ualUawary'n
val0an 1
vel (bee
ual0armarv'34-
�I5)ry
atraaba
m-
aEdi6onal
r�wp�ecea wml�
mber'067
D
Oaembr'OI)ry
o
mber'06)
D
x"'19-
mber'09)
o
fmcrnbr'10)ry
w
ember'r17
0
Decrnbu 11)ry
0
mber'13)
0
ember'14)
0
br
natawaame
muniry
ravel (1 ."06 -
ravel (January W -
ravel (Januarv'0e -
ravel (]anuarv'" -
1
ravel (Jana 0
Mnual (]anuary'll -
Mal (Jawarv'l2-
Mwal (Nn 1
Meal (Jawarv'14 -
Mnual (Janury'15 -
Squarre five;;.
0 wrtmeM
mial5gwre
Poob9e
Daamher'C6)
9,xson
ba'0])
r aE
r'OB)
za,66bf
mber'09)
y56xa
anba'10)ry
x9,0065!
mber'1])
0
enba'12)
0
axrnba'13)
0
ber'14)
6,066
Rmnba'15)
a>waabl
7/7/2015
7/7/2O15
mom
7/7/2O15
D- .— .. .1— lyNe — ..d —M— .n J-2111 ..d updated In land x. I 5 .. . —, I .—., -- -�l .. lh-ghl I m -- 11 n—d -.11y .-d .,d — used .. a —.1 .... .. a-11.
7/7/2015
TOWN OF
VAIL'
75 South Frontage Road West Finance Department
Vail, Colorado 81657 970.479.2100
vailgov.com 970.479.2248 fax
Vail Business Review
April 2015
June 16, 2015
The April Vail Business Review breaks down the four percent sales tax collected for
April and the ski season. Overall April sales tax increased 4.1 % with Retail increasing
7.9%, Lodging increased 18.7%, Food and Beverage decreased 3.1 % and
Utilities/Other (which is mainly utilities but also includes taxable services and rentals)
decreased 17.5%. Excluding the Out of Town category, sales tax for the month of April
was up 8.1 %. The ski season resulted in an 6.4% increase overall with Retail increasing
6.8%, Lodging increased 8.6%, Food and Beverage increased 4.9% and Utilities/Other
decreased 3.3%. Excluding the Out of Town category, ski season sales tax is up 7.4%.
Electronic filing and payment of Vail sales tax is now an option. Please
visit www.vailgov.com/epay
Town of Vail sales tax forms, the Vail Business Review and the sales tax worksheet are
available on the internet at www.vailgov.com. You can subscribe to have the Vail
Business Review and the sales tax worksheet e-mailed to you automatically
from www.vailgov.com.
Please remember when reading the Vail Business Review that it is produced from sales
tax collections, as opposed to actual gross sales.
If you have any questions or comments please feel free to call me at (970) 479-2125 or
Kathleen Halloran at (970) 479-2116.
Sincerely,
L
Sally Lorton
Sales Tax Administrator
7/7/2015
April
TOWN OF VAIL BUSINESS REVIEW
TOWN OF VAIL
Sales Tax Newsletter
April 2015 Sales Tax
6/15/2015 6:06:00 PM emGovPower Page 1 of 2
7/7/2015
April
2014
Collections
April
2015
Collections
April
%
Change
VAIL VILLAGE
Retail
191,276
238,899
24.90%
Lodging
159,016
190,473
19.78%
F & B
226,984
227,708
0.32%
Other
9,902
7,983
-19.38%
Total
587,178
665,062
13.26%
LIONSHEAD
Retail
78,407
77,007
-1.79%
Lodging
102,911
132,377
28.63%
F & B
61,197
57,770
-5.60%
Other
2,420
4,294
77.43%
Total
244,936
271,449
10.82%
CASCADE VILLAGE/EAST VAIL/SANDSTONE/WEST VAIL
Retail
122,793
121,686
-0.90%
Lodging
33,500
22,633
-32.44%
F & B
41,327
33,599
-18.70%
Other
4,078
2,923
-28.31 %
Total
201,697
180,842
-10.34%
OUT OF TOWN
Retail
77,043
69,146
-10.25%
Lodging
6,530
12,996
99.02%
F & B
511
649
26.81 %
Utilities & Other
163,163
132,956
-18.51 %
Total
247,248
215,747
-12.74%
6/15/2015 6:06:00 PM emGovPower Page 1 of 2
7/7/2015
April
TOWN OF VAIL BUSINESS REVIEW
TOWN OF VAIL
Sales Tax Newsletter
April 2015 Sales Tax
TOTAL
Total 1,281,059 1,333,099 4.06%
RETAIL SUMMARY
April
April
April
RETAIL -FOOD
2014
2015
%
RETAIL -LIQUOR
Collections
Collections
Change
Retail
469,519
506,738
7.93%
Lodging And Property Mgmt
301,958
358,479
18.72%
Food and Beverage
330,019
319,726
-3.12%
Other
179,563
148,156
-17.49%
Total 1,281,059 1,333,099 4.06%
RETAIL SUMMARY
6/15/2015 6:06:00 PM emGovPower Page 2 of 2
7/7/2015
April
2014
Collections
April
2015
Collections
April
%
Change
RETAIL -FOOD
93,380
96,433
3.27%
RETAIL -LIQUOR
33,233
33,261
0.08%
RETAIL -APPAREL
72,493
87,379
20.53%
RETAIL -SPORT
158,436
156,175
-1.43%
RETAIL -JEWELRY
10,073
14,235
41.32%
RETAIL -GIFT
3,087
2,283
-26.04%
RETAIL -GALLERY
3,100
4,313
39.14%
RETAIL -OTHER
95,682
112,660
17.74%
RETAIL -HOME OCCUPATION
35
0
-100.00%
Total
469,519
506,738
7.93%
6/15/2015 6:06:00 PM emGovPower Page 2 of 2
7/7/2015
Ski Season
TOWN OF VAIL BUSINESS REVIEW
TOWN OF VAIL
Sales Tax Newsletter
Ski Season 2014/2015 Sales Tax
6/15/2015 6:09:51 PM emGovPower Page 1 of 2
7/7/2015
Ski Season
2013/2014
Collections
Ski Season
2014/2015
Collections
Ski Season
%
Change
VAIL VILLAGE
Retail
2,519,032
2,809,156
11.52%
Lodging
3,057,259
3,390,780
10.91 %
F & B
2,508,143
2,688,345
7.18%
Other
75,030
82,915
10.51 %
Total
8,159,464
8,971,196
9.95%
LIONSHEAD
Retail
1,050,415
1,112,040
5.87%
Lodging
2,110,418
2,229,495
5.64%
F & B
681,903
674,347
-1.11 %
Other
27,832
25,523
-8.30%
Total
3,870,568
4,041,405
4.41 %
CASCADE VILLAGE/EAST VAIL/SANDSTONE/WEST VAIL
Retail
1,193,258
1,227,776
2.89%
Lodging
990,019
1,059,904
7.06%
F & B
406,108
407,586
0.36%
Other
29,777
32,457
9.00%
Total
2,619,161
2,727,723
4.14%
OUT OF TOWN
Retail
560,592
536,329
-4.33%
Lodging
184,161
205,151
11.40%
F & B
7,114
8,179
14.97%
Utilities & Other
1,006,034
960,273
-4.55%
Total
1,757,900
1,709,932
-2.73%
6/15/2015 6:09:51 PM emGovPower Page 1 of 2
7/7/2015
Ski Season
TOWN OF VAIL BUSINESS REVIEW
TOWN OF VAIL
Sales Tax Newsletter
Ski Season 2014/2015 Sales Tax
TOTAL
Total 16,407,093 17,450,257 6.36%
RETAIL SUMMARY
Ski Season
Ski Season
Ski Season
2013/2014
2014/2015
%
Collections
Collections
Change
Retail
5,323,297
5,685,301
6.80%
Lodging And Property Mgmt
6,341,856
6,885,330
8.57%
Food and Beverage
3,603,268
3,778,457
4.86%
Other
1,138, 673
1,101,168
-3.29%
Total 16,407,093 17,450,257 6.36%
RETAIL SUMMARY
6/15/2015 6:09:51 PM emGovPower Page 2 of 2
7/7/2015
Ski Season
Ski Season
Ski Season
2013/2014
2014/2015
%
Collections
Collections
Change
RETAIL -FOOD
857,919
897,322
4.59%
RETAIL -LIQUOR
329,545
362,036
9.86%
RETAIL -APPAREL
813,286
949,018
16.69%
RETAIL -SPORT
2,302,180
2,393,880
3.98%
RETAIL -JEWELRY
146,191
165,303
13.07%
RETAIL -GIFT
34,255
35,768
4.42%
RETAIL -GALLERY
34,973
34,646
-0.94%
RETAIL -OTHER
804,378
847,074
5.31 %
RETAIL -HOME OCCUPATION
571
254
-55.53%
Total
5,323,297
5,685,301
6.80%
6/15/2015 6:09:51 PM emGovPower Page 2 of 2
7/7/2015
MEMORANDUM
June 30, 2015
To: Vail Town Council
Stan Zemler
Kathleen Halloran
From: Sally Lorton
Re: May Sales Tax
estimate Vail will collect another $31,000 in May sales tax to bring
collections to $572,092. If so, May will be down 7.2% or $44,553 from budget
and down 5.9% or $35,637 from May 2014.
7/7/2015
Month
2005
2006
2007
2008
2009
Town of Vail
Sales Tax Worksheet
6/30/2015
2010 2011 2012
2013
2014
Budget
% Change % Change
2015 Budget from from
Collections Variance 2014 Budget
January
2,275,967
2,597,985
2,783,306
2,976,655
2,619,673
2,564,383
2,795,688
2,855,524
3,145,620
3,483,245
3,525,333
3,694,959 169,626 6.08% 4.81%
February
2,429,377
2,527,130
2,718,643
3,071,615
2,588,889
2,577,360
2,803,136
2,994,580
3,267,351
3,477,419
3,620,104
3,591,014 (29,090) 3.27% -0.80%
March
2,785,101
2,852,954
2,986,446
3,327,304
2,504,567
2,685,004
3,143,418
3,185,859
3,650,157
3,788,185
3,949,005
4,047,635 98,630 6.85% 2.50%
April
915,554
1,280,324
1,330,740
1,098,918
1,235,941
1,156,934
1,191,690
1,183,087
1,069,186
1,280,641
1,313,158
1,333,224 20,066 4.11% 1.53%
May
458,770
449,283
545,874
622,103
516,150
421,925
473,292
487,739
563,602
607,729
616,645
541,092 (75,553) -10.96% -12.25%
Total
8,864,769
9,707,676
10,365,009
11,096,595
9,465,220
9,405,606
10,407,224
10,706,789
11,695,916
12,637,219
13,024,245
13,207,924 183,679 4.52% 1.41%
June
834,913
805,362
953,017
918,061
717,233
873,765
895,951
963,143
1,023,801
1,153,247
1,167,182
July
1,166,183
1,255,243
1,265,781
1,397,842
1,121,860
1,228,767
1,481,329
1,573,499
1,654,161
1,829,102
1,879,577
August
993,985
1,055,614
1,162,746
1,349,795
1,068,391
1,147,352
1,310,471
1,380,710
1,507,048
1,674,813
1,695,885
September
795,807
832,549
908,318
834,569
753,754
761,425
889,945
978,037
994,135
1,054,015
1,124,778
October
566,173
614,396
688,519
662,767
581,033
594,362
623,420
644,577
755,133
752,295
799,096
November
713,117
799,582
747,877
719,109
651,873
701,075
788,430
825,873
947,627
962,344
1,016,057
December
2,549,032
2,771,258
2,821,871
2,652,628
2,553,974
2,963,763
3,184,645
2,973,826
3,422,178
3,818,096
3,779,180
Total
16,483,979
17,841,680
18,913,138
19,631,366
16,913,338
17,676,115 19,581,415 20,046,454
21,999,999
23,881,131
24,486,000
7/7/2015
TOWN OF VAIL
REVENUE HIGHLIGHTS
July 7, 2015
Sales Tax
Upon receipt of all sales tax returns, May collections are estimated to be
$572,092 down 5.9% from last year and down 7.2% compared to budget.
Inflation as measured by the consumer price index remained flat (0%) for May.
Year to date collections of $13,207,924 are up 4.5% from the prior year and up
1.4% from budget. Inflation as measured by the consumer price index remained
flat (0%) for May. The annual amended budget totals $23.1 million. The annual
budget totals $24.5 million.
Real Estate Transfer Tax (RETT
RETT collections through June 29 total $3,074,922 down 3.8% from this time last
year. 2014 annual collections totaled $6,849,449, a record year since the peak
in 2008. The current annual 2015 budget of $5,670,000 is a 21 % reduction from
prior year actuals.
Construction Use Tax
Use Tax collections through June 30 total $1,039,530, up 47.6% compared to
$702,529 from this time last year. The annual budget totals $1.8 million.
Summary
Across all funds, year-to-date total revenue of $32.2 million is up 8.6% from the
amended budget and down 0.3% from prior year, mainly due to the decrease in
Real Estate Transfer Tax collections.
-1-
7/7/2015
rowN of vain
Memorandum
TO: Vail Town Council
FROM: Greg Hall, Director of Public Works and Transportation, Dwight Henninger Vail
Police Chief
DATE: April 21, 2015
SUBJECT: Signs for Transportation Providers
NOTE: THIS MEMO WAS INCLUDED
PACKET BUT WAS NOT DISCUSSED.
PROVIDE DIRECTION ON THIS MATTER.
PURPOSE
IN THE APRIL 21 TOWN COUNCIL
STAFF IS REQUESTING COUNCIL
The purpose of this memo is to respond to the Town Council request to investigate the installation
of a sign at the Vail Village Transportation Center providing guests with contact information
concerning private transportation providers.
BACKGROUND
The Vail Police Department contacted the Town of Vail Transportation permit holders to determine
interest in having their transportation business and contact information being listed on a sign at the
Vail Village Transportation Center.
The following businesses responded to the request:
Business Name Phone
Eagle Vail Express 970-376-6284
GreenStar Limousine 303-800-3345
HI Mountain Taxi 970-524-5555
Hummers of Vail 970-977-002
Safe Ride 970-739-7433
Turtle Bus 970-471-0547
ISSUES TO CONSIDER
During the initial review of the council request, the staff identified the following concerns which
should to be addressed, some of which came up when the sign was present a few years ago.
7/7/2015
The sign would not violate the current sign code regarding advertising, as it would be considered a
sign providing public information to our guests.
The sign should be in a form which mimics the current wayfinding graphics, color and fonts.
In addition to the Vail Village Transportation Center, some of the transportation businesses pick up
at other locations in town which are listed below:
Hanson Ranch Road (no oversized vehicles)
Willow Bridge Road near Checkpoint Charlie
Lionhead Transportation Center
West Lionshead Transportation Center
Should additional signs be placed at these other locations? It should be noted not all transportation
providers pick up, or can pick up at all of these locations.
An additional question was raised: Should the Town of Vail monitor the businesses, as this is
information the Town of Vail has provided? There may be a perception of the Town of Vail
endorsing the companies on the sign by putting a name on the sign, as well as the safety or liability
of the Town of Vail if an incident occurs involving the company listed on the sign.
Also, would the expectation be that these business operate 365/24/7 or more seasonal and how
would this be communicated?
There is the issue of the various operating rules mandated by the Public Utilities Commission for
the various types of providers. Should these differences be listed so the end users know the
difference?
Finally, there is the issue of the continued ongoing upkeep of the sign to ensure the names and
contacts are up to date. How often do the signs get updated regarding new providers, name
changes and current providers that want to be a part of the program?
IV. ACTION REQUESTED
Provide direction to the staff regarding the request to explore installation of a sign at the Vail
Village Transportation Center to provide contact information for participating private transportation
providers.
V. STAFF RECOMMENDATION
Staff has outlined a list of operational questions associated with the request and is seeking
direction from Town Council.
I•
7/7/2015
TOWN OF VAIN
VAIL TOWN COUNCIL AGENDA MEMO
MEETING DATE: July 7, 2015
ITEM/TOPIC: Matters from the Mayor, Council and Committee Reports
7/7/2015
TOWN OF VAIN
VAIL TOWN COUNCIL AGENDA MEMO
MEETING DATE: July 7, 2015
ITEM/TOPIC: Executive Session, pursuant to 1) C.R.S. §24-6-402(4)(b) - to receive legal
advice on specific legal questions; Regarding: update on pending litigation; 2) C.R.S. §24-6-
402(4)(b)(e) - to receive legal advice on specific legal questions; and to determine positions,
develop a strategy and instruct negotiators, Regarding: Vail Valley Medical Center
Development Agreement.
PRESENTER(S): Matt Mire, Town Attorney
7/7/2015
TOWN OF VAIN
VAIL TOWN COUNCIL AGENDA MEMO
MEETING DATE: July 7, 2015
ITEM/TOPIC: Adjournment (11:20 a.m.)
NOTE: UPCOMING MEETING TOPICS AND ESTIMATED TIMEFRAMES BELOW (ALL ARE
APPROXIMATE DATES AND TIMES AND SUBJECT TO CHANGE)
THE NEXT REGULAR VAIL TOWN COUNCIL MEETING WORK SESSION WILL BEGIN AT
APPROXIMATELY 12:30 P.M. (or TBD), TUESDAY, JULY 21, 2015 IN THE VAIL TOWN
COUNCIL CHAMBERS.
Ongoing agenda items
DRB/PEC updates WS - 15 min.; Information Updates Attachments: WS - 15 min.; Executive
Session items: 30 min.; Consent Agenda: 5 min.; Town Manager Report: 5 min.
Future agenda items:
San Miguel de Allende Mexico Delegation Visit - 7/16 through 7/19
Second Reading Supplemental Budget Ordinance - 7/21
Meet w/ Avon Town Council - discuss topics of regional interest - 7/21
Booth Creek Park Update - 7/21
Wildlife Mitigation Update - 7/21
1-70 Underpass Project - IGA and contract for design and construction - 7/21
Joint meeting with VLHA - July
Special VLMD Meeting VLMD 2016 Operating Plan - WS - 9/1
Whistler Delegation Visit - 10/14
2016 VLMD Budget Resolution - ES - 10/20
Joint Meeting with VEAC (DestiMetrics Mountain Travel Update) - WS - 12/15
2016 CSE Funding Allocation Recommendation - ES - 12/15
Proposed future agenda items
CIRSA Charter Review - TBD
Review Night Sky Code Enforcement Standards for holiday and outdoor lights (when to turn
on/off) - TBD
EGE Air Alliance Update - TBD
Cleanup Title 12, zoning amendments
Fee Schedule Revisions
TIF Update
7/7/2015