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2017-06-06 Agenda and Supporting Documentation Town Council Regular Meeting
VAIL TOWN COUNCIL REGULAR MEETING Evening Agenda Town Council Chambers 6:00 PM, June 6, 2017 TOM Of UAJt Notes: Times of items are approximate, subject to change, and cannot be relied upon to determine what time Council will consider an item. Public comment will be taken on each agenda item. Citizen participation offers an opportunity for citizens to express opinions or ask questions regarding town services, policies or other matters of community concern, and any items that are not on the agenda. Please attempt to keep comments to three minutes; time limits established are to provide efficiency in the conduct of the meeting and to allow equal opportunity for everyone wishing to speak. 1. Citizen Participation 2. Appointments for Boards and Commissions 2.1. Vail Local Housing Authority Appointment Presenter(s): Dave Chapin, Mayor Action Requested of Council: Motion to reappoint Francisco Meza to VLHA. The Town Council appointed Francisco Meza to the VLHA in February to serve a term due to a resignation, a term which ended May 31, 2017. Mr. Meza is interested in continuing to serve on the VLHA for the new term of five years, ending in May 2022. Since the interview process was recently conducted, it is suggested to reappoint the current member to serve this next term. 5 min. 3. Consent Agenda 3.1. Request to Award Construction Contract to SHC Landscape in the Amount 5 min. of $33,099.63 for the Vail Village Riparian Buffer Planting Project. Background: The Vail Village Riparian Buffer Planting project includes the addition of plantings in multiple areas between Vail Valley Drive and the International Bridge. Areas include section of the Village Streamwalk, the bank behind the Row Houses, at the confluence of Mill Creek and Gore Creek, the hillside behind Austria Haus and the turf area behind Village Center. 4. Town Manager Report 4.1. Summer Data Collection, Parking and Enhanced Bus Service Updates Presenter(s): Greg Hall, PW&T Director 5. Presentations / Discussion 5 min. June 6, 2017 - Page 1 of 311 5.1. CSE Strategic Plan update per the five year plan guidelines. The CSE voted to adopt the plan on May 3, 2017. Presenter(s): Barry Davis and Mark Gordon, CSE Action Requested of Council: Approval or Approval with Amendments Background: The CSE determined that the previous 2013-2017 Strategic Plan provided a comprehensive and relevant foundation from which to adapt and update the new plan. 20 min. 5.2. 2016 Financial Audited Financial Statements for the Town of Vail 20 min. Presenter(s): Kathleen Halloran, Finance Director and Michael Jenkins, McMahan and Associates Action Requested of Council: The 2016 audited financial statements are presented for Council information; no action requested. Background: In accordance with section 9.11 of the Vail Town Charter, an independent audit shall be made of all town accounts at least annually. The audit shall be conducted by certified public accountants and copies made available for public inspection at the municipal building. The 2016 audit was conducted by McManhan and Associates, LLC. 5.3. Colorado Snowsports Museum and Hall of Fame Capital Project Update 15 min. Presenter(s): Susie Tjossem, Executive Director, Colorado Snowsports Museum and Hall of Fame Action Requested of Council: Provide staff with direction regarding the amount and timing of the town's contribution toward this project. Background: In 2016, Town Council approved a $500,000 capital contribution to the renovation of the Colorado Snowsports Museum and Hall of Fame. Since that time, construction bids came in higher than anticipated. The Museum is presenting an update of costs and cash flow projections for the project. Staff Recommendation: Provide staff with direction regarding the amount and timing of the town's contribution toward this project. 5.4. Overview of Big Horn Road and Intermountain South Frontage Road Overhead Power line to underground conversion project Presenter(s): Greg Hall Director of Public Works Action Requested of Council: The Town Council is being asked to provide direction to the staff and Holy Cross Energy regarding underground projects. The staff has posed options which the staff would like direction on at this time. Background: The 1999 Town of Vail 20 year Franchise agreement with Holy Cross Energy allowed for the collection of an additional 1% of gross revenues to be placed into a Community Enhancement Fund. To date the Town of Vail has received $ 2,682,964 of which $ 1,612,868 has been used exclusively for the undergrounding of overhead powerlines. There are nearly 7 miles of overhead lines still within the Town of Vail. The town received $ 196,407 in payment this past year. The Big Horn Road and Intermountain South Frontage Road projects are on a high priority list of projects to be completed. Staff Recommendation: Staff recommends the Town Council pursue first the phasing option, and if phasing is not possible the town lend itself the shortfall to be paid back with future enhancement fund payments. Staff 20 min June 6, 2017 - Page 2 of 311 would return to council based on this direction and once bids are received based on engineered plans later this year to award the construction contract. 5.5. Stephens Park Discussion about Dogs Off Leash Presenter(s): Gregg Barrie, Project Manager Action Requested of Council: Provide staff with direction in regards to the issue of dog waste in the park Background: This need for a discussion of the multi -use nature of the off leash dog area of Stephens Park has been raised due to the excessive dog waste not being removed by dog owners . Stephens Park is a neighborhood park located in the Intermountain neighborhood. In 2004 an area of the park was designated as an off -leash area for dogs. It is a very popular and heavily used area by users from Vail and beyond. Two current issues in the park warrant discussion 1) the park is a multi -use neighborhood park and 2) excessive dog waste. See the attached memorandum for additional information. Staff Recommendation: Staff recommends that a neighborhood meeting at the park should be the first step in resolving the issues outlined above. Proper notice should be provided, and several staff and council members should plan to attend. 6. Action Items 15 min. 6.1. First reading of Ordinance No. 4, Series of 2017, an ordinance for a 30 min. prescribed regulations amendment, pursuant to Section 12-3-7, Amendment, Vail Town Code, to amend Title 12 of the Vail Town Code with the addition of a new Chapter 26, Transportation Impact Fee. Presenter(s): Tom Kassmel, Town Engineer Action Requested of Council: Approve, amend or deny on Ordinance No. 4 Series 2017 on first reading. Background: In 2016, the Town of Vail hired the consulting firm TischlerBise to develop an updated transportation impact fee. The impact fee is proposed to codify the current traffic mitigation fee to help fund future transportation related projects identified in the Vail Transportation Master Plan. The proposed fee will be applied in all zone districts, and will require developers to pay their proportional share for the necessary transportation infrastructure improvements that are directly related to the impacts created by the new development. Staff Recommendation: Approve Ordinance No. 4 Series 2017 on first reading. 6.2. First Reading of Ordinance No. 5, Series of 2017, an ordinance of the Vail 20 min. Town Council approving an encroachment into an existing view corridor to accommodate modifications to the Hill Building, located at 254 and 311 Bridge Street, Lots C & L, Block 5C, Vail Village Filing 1, and setting forth details in regard thereto. Presenter(s): George Ruther, Director of Community Development Action Requested of Council: Approve, approve with modifications, deny Ordinance No. 5, Series of 2017. Background: The Hill Building is impacted by three adopted view corridors. One of the view corridors is not affected by the proposed application to renovate the building. A second corridor is affected, however, the building currently encroaches into the view corridor and the applicant is proposing to significantly reduce the encroachment and substantial improve the view through the corridor. The third view corridor will be affected by a minimal June 6, 2017 - Page 3 of 311 increase in the height of the building and a chimney. In order to allow for this increase in height to occur, a view corridor encroachment must be approved by the Vail Town Council. Staff Recommendation: The Town of Vail Planning & Environmental Commission has reviewed the proposed view corridor encroachment request. Upon review of the request, the Commission has forwarded its recommendation of approval to the Vail Town Council of the request, as proposed. In making their recommendation, the Commission found that the proposed encroachment complied with the criteria for review as outlined in the Vail Town Code. Therefore, the Commission recommends the Vail Town Council approve Ordinance No. 5, Series of 2017 as read. 6.3. Reschedule Regular Meeting on July 4, 2017 to July 11, 2017 Action Requested of Council: Motion to Reschedule Regular Meeting on July 4, 2017 to July 11, 2017. Background: The Code provides for action when changing regular meeting day as follows: 1-5-11: REGULAR AND SPECIAL COUNCIL MEETINGS A. Regular Meetings: 1. Time And Place: The council shall meet regularly at least twice monthly at a day and hour to be fixed by the rules of the council. The meeting time shall be established at the town council's first organizational meeting to be held within seven (7) days from the election as described in section 1-5-3 of this chapter. 2. Deferment: In the event a regular meeting pursuant to subsection Al of this section would fall on a legal holiday recognized by the town or a regular meeting cannot for good reason be held by the town council on a regular meeting date, the regular meeting shall automatically be held on the next secular day at the same time and place; provided, however, that for good cause the council at a regular meeting preceding the regular meeting which will be deferred may defer the regular meeting to a subsequent date not later than one week after the deferred regular meeting date. 7. Adjournment 7.1. Adjourn at 9:00 p.m. 5 min. Meeting agendas and materials can be accessed prior to meeting day on the Town of Vail website www.vailgov.com. All town council meetings will be streamed live by High Five Access Media and available for public viewing as the meeting is happening. The meeting videos are also posted to High Five Access Media website the week following meeting day, www.highfivemedia.org. Please call 970-479-2136 for additional information. Sign language interpretation is available upon request with 48 hour notification dial 711. June 6, 2017 - Page 4 of 311 TOWN Of9 VAIL TOWN COUNCIL AGENDA MEMO ITEM/TOPIC: Vail Local Housing Authority Appointment PRESENTER(S): Dave Chapin, Mayor ACTION REQUESTED OF COUNCIL: Motion to reappoint Francisco Meza to VLHA. BACKGROUND: The Town Council appointed Francisco Meza to the VLHA in February to serve a term due to a resignation, a term which ended May 31, 2017. Mr. Meza is interested in continuing to serve on the VLHA for the new term of five years, ending in May 2022. Since the interview process was recently conducted, it is suggested to reappoint the current member to serve this next term. June 6, 2017 - Page 5 of 311 TOWN Of UAJL VAILTOWN COUNCIL AGENDA MEMO ITEM/TOPIC: Request to Award Construction Contract to SHC Landscape in the Amount of $33,099.63 for the Vail Village Riparian Buffer Planting Project. BACKGROUND: The Vail Village Riparian Buffer Planting project includes the addition of plantings in multiple areas between Vail Valley Drive and the International Bridge. Areas include section of the Village Streamwalk, the bank behind the Row Houses, at the confluence of Mill Creek and Gore Creek, the hillside behind Austria Haus and the turf area behind Village Center. ATTACHMENTS: Description Memorandum June 6, 2017 - Page 6 of 311 TOWN OF VAIIL. Memorandum To: Vail Town Council From: Department of Public Works Date: June 6, 2017 Subject: Vail Village Riparian Buffer Plantings BACKGROUND Enhancing the native vegetation buffer along Gore Creek is one important strategy to help improve water quality in Gore Creek. The Strategic Action Plan identifies 42 project areas along the creek where enhanced vegetation can help disrupt pollutant pathways and improve habitat. There are currently three projects underway that include areas of the golf course, Ford Park and the hillside below the new underpass near Glen Lyon. The Vail Village Riparian Buffer Planting project includes the addition of plantings in multiple areas between Vail Valley Drive and the International Bridge. Areas include section of the Village Streamwalk, the bank behind the Row Houses, at the confluence of Mill Creek and Gore Creek, the hillside behind Austria Haus and the turf area behind Village Center. All projects are on town -owned property. The Town received 3 bids for the work: G.H Daniels SHC Landscape Neils Lunceford Inc. $ 47,824.00 $ 33,099.63 $ 56,218.00 The bids received bid fall within the existing budget for this project. II. ACTION REQUESTED BY COUNCIL Staff is requesting that the Town Council direct the acting Town Manager to enter into a Construction Contract with SHC Landscape in the amount of $33,099.63. III. STAFF RECOMMENDATION Staff recommends approval of the Construction Contract. With approval, work will begin on or around June 12. Areas will be completed in accordance with the least impact to the summer season with all work anticipated for completion by late July. June 6, 2017 - Page 7 of 311 TOWN Of9 VAIL TOWN COUNCILAGENDA MEMO ITEM/TOPIC: Summer Data Collection, Parking and Enhanced Bus Service Updates PRESENTER(S): Greg Hall, PW&T Director June 6, 2017 - Page 8 of 311 TOWN Of9 VAIL TOWN COUNCIL AGENDA MEMO ITEM/TOPIC: CSE Strategic Plan update per the five year plan guidelines. The CSE voted to adopt the plan on May 3, 2017. PRESENTER(S): Barry Davis and Mark Gordon, CSE ACTION REQUESTED OF COUNCIL: Approval or Approval with Amendments BACKGROUND: The CSE determined that the previous 2013-2017 Strategic Plan provided a comprehensive and relevant foundation from which to adapt and update the new plan. ATTACHMENTS: Description CSE Strategic Plan & Memo June 6, 2017 - Page 9 of 311 TOWN OF VAIL' Memorandum To: Vail Town Council From: Commission on Special Events Date: June 6, 2017 Subject: Commission on Special Events (CSE) 2018-2022 Strategic Plan The following actions are requested from the Town Council for the plan: Approval or Approval with Amendments. Attachment A: 2018-2022 CSE Strategic Plan Per the five year plan guidelines, the CSE Strategic Plan necessitates an update. The CSE determined that the previous 2013-2017 Strategic Plan provided a comprehensive and relevant foundation from which to adapt and update the new plan. The CSE voted to adopt the plan on May 3, 2017; thus far the plan has been presented to the Vail Economic Advisory Council on May 9, 2017 and to the Vail Local Marketing District Advisory Council on May 18, 2017 with input incorporated. This updated strategic plan expands upon the previous CSE focus on operating guidelines, greater accountability for both board and event producers as well as analytical criteria in event selection. In addition, the plan recognizes continued improved alignment with other groups and boards, such as the Event Review Committee, Vail Economic Advisory Council and the Vail Local Marketing District Advisory Council. The 2018-2022 Strategic Plan edits include these key updates: • Clarification and definition of event category types — Community, Recreational & Cultural and Education & Enrichment. • Detailed scorecards for both categories. • Enhanced CSE strategic direction including providing additional guidance to event producers. • More specific requirements for producer deliverables, such as the marketing checklist and event recap. • Revised list of critical success measurements including tools for objective evaluation criteria. • Commitment to requiring environmental sustainable event practices. June 6, 2017 - Page 10 of 311 2018 - 2022 Strategic Plan ted on May 3, 2017 This plan may be accessed at vailgov.com June 6, 2017-PaQWdR1iF VAIL Introduction The Town of Vail has consistently been a leader in the promotion and execution of events that grow partner brands, generate revenues, and support causes both locally and globally. The Commission on Special Events seeks and reviews innovative and exciting proposals for Special Events that support the collective vision of Vail as the world's "Premier International Mountain Resort Community". Mission Statement The Vail Commission on Special Events (CSE) is accountable to deliver an annual Special Events Plan which ensures world class events and programs that are fully aligned with Vail's brand. The CSE will effectively and efficiently allocate available budget behind this objective. The Events Plan will deliver measureable results in terms of specific goals: economic impact, optimization of the event calendar, positive community experience and integration, as well as positive Net Promoter Score results that lead to future loyalty. Town of Vail 1 CSE 1 May 3, 2017 TOWN OF VAIL June 6, 2017 - Page 12 of 311 2 Contributors Adopted by the CSE: May 3, 2017 Commission on Special Events (CSE) Members 1. Barry Davis 2. Mark Gordon 3. Alison Wadey 4. Kim Newbury-Rediker 5. Rayla Kundolf 6. Samantha Biszantz 7. Marco Valenti Economic Development Office • Kelli McDonald, Economic Development Manager • Laura Waniuk, Event Liaison Specialist • Ernest Saeger, Special Events Coordinator This is a revision of the 2013-2017 CSE Strategic Plan. Town of Vail 1 CSE 1 May 3, 2017 TOWN OF VAIL. June 6, 2017 - Page 13 of 311 3 Plan Review Process This strategic document was reviewed by the following entities: • Vail Economic Advisory Council on 5/9 • Vail Local Marketing District Advisory Council on 5/18 • Vail Town Council on 6/6 • Town of Vail Event Review Committee on 6/22 Glossary of Terms: • TOV — Town of Vail • CSE — Commission on Special Events • VEAC — Vail Economic Advisory Council • ERC — Event Review Committee • VLMD — Vail Local Marketing District (Town Council) • VLMDAC — Vail Local Marketing District Advisory Council • VCBA — Vail Chamber and Business Association • VVP — Vail Valley Partnership • VRD — Vail Recreation District Town of Vail 1 CSE 1 May 3, 2017 TOWN OF VAIL. June 6, 2017 - Page 14 of 311 4 Ordinance ✓ 11JJ J 1 J 1J J In 2002, the Vail Town Council approved legislation that created the Commission on Special Events (CSE) in its current form. This ordinance reorganized the existing CSE and set several broad objectives: 1. Stimulating the local economy • Increase lodging and sales tax collections • Increase number of visitors • Insure that visitors have a high rate of intent to return 2. Create a sense of community in Vail and increase the quality of experience for both guests and residents 3. To establish a single point of contact for events administration 4. To provide street entertainment and special events that reflect the high quality image of Vail and contribute to vitality, economic viability and fun throughout the year (Ord. 30(2004) § 7) Town of Vail 1 CSE 1 May 3, 2017 TOWN OF VAIL. June 6, 2017 - Page 15 of 311 5 Ordinance The CSE shall support the town council's goals and objectives and align its mission with the town council's marketing direction. The functions and/or duties of CSE shall include, but are not limited to: hiring and overseeing a director and/or staff, as well as event producers and/or promoters; creating, funding and seeking special events for the town of Vail; evaluating event applications and event success; submitting an annual budget for operations and events; coordinating the community calendar for special events; seeking out additional funding for special events through sponsorships and donations; evaluating and executing contracts for special events; and all other functions as directed by the town council. Qualifying cultural events shall be exempt from the purview and funding of the CSE. However, coordination and timing of qualifying cultural events shall be considered by the CSE and included in the CSE master calendar. (Ord. 30(2004) § 7) Town of Vail 1 CSE 1 May 3, 2017 TOWN OF VAIL June 6, 2017 - Page 16 of 311 6 Purpose The purpose of the Commission on Special Events Strategic Plan is to establish guidelines which will assist the CSE in developing and supporting a calendar of events and programs that accomplish the following objectives: 1. Align events with the Vail Brand 2. Drive Positive Economic Impact - occupancy - sales tax - group business 3. Generate funding leverage 4. Attract destination guests; in-state, out of state and international, who book overnight rooms 5. Achieve an optimal event calendar 6. Provide a superior community and guest experience Revisit and revise as the community evolves and action steps are completed. Town of Vail 1 CSE 1 May 3, 2017 TOWN OF VAIL June 6, 2017 - Page 17 of 311 7 CSE Event Categories i Goal: Deliver a diverse calendar of events in the Town of Vail that promote economic vitality and community enrichment Signature Events: • Established events that take place over multiple days and/or weeks • Strong Vail Brand identity • Drive overnight visitation • Promotion and marketing reach through local, regional, national and international media exposure • Several of these events receive their funding from the Town Council. Post event review and evaluation will be overseen by the CSE Town of Vail 1 CSE 1 May 3, 2017 TOWN OF VAIL. June 6, 2017 - Page 18 of 311 8 CSE Event Categories f)rJ l'=i] r C,fJrrnrriL11_11 r7 Drin i xi r\11.1 1SIJ Destination Events: • Newer events, participatory sporting events and large scale ambient events which support the CSE's criteria for promoting economic vitality and driving destination visitation • Supports the Vail Brand • Primarily local and regional media exposure, may attract some national exposure or sponsorships Ambient Community Events: • Ambient events which contribute to a sense of community, vitality and fun; enhance the guest experience and promote high NPS (Net Promoter Score) • Primarily local media exposure • Community celebrations: i.e. Vail America Days, Vail Holidaze, Vail Family Fun Fest Town of Vail 1 CSE 1 May 3, 2017 TOWN OF VAIL. June 6, 2017 - Page 19 of 311 9 CSE Event Categories ��!J�:�irJJfJ �ifJrI �IJIJ�IJItJ fJ `J�1Jr �'s SIJJJ =1111 Goal: Promote leadership development, intellectual opportunities and health and well-being • Shall be part of the CSE RFP process • Potential to build the Vail Brand as an educational and well-being destination • Local, regional, (and when appropriate) national and international media exposure • Economic impact may be in the future: Potential to return economic benefits as participants share their experiences to individuals and groups within their spheres of influence Town of Vail 1 CSE 1 May 3, 2017 TOWN OF VAIL. June 6, 2017 - Page 20 of 311 10 CSE Funding Scorecard & Evaluation Criteria Maximum Score 100 TOWN OF VAIL' Town of Vail 1 CSE 1 May 3, 2017 June 6, 2017 - Page 21 of 311 11 Criteria Rating Potential to Increase Room Nights and Revenues: Out of Region Guests (Current mix 50%) 0-10 Regional Destination Guests (Current mix 32%) 0-5 International Guests (Current mix 3%) 0-5 Drive Group Business 0-5 Increase Sales Tax Revenue 0-10 Brand Fit Supports the Vail Brand 0-10 Timing Optimize calendar - "the right events at the right time" 0-5 Demographic Fit Optimize visitor mix (age, income, demographic targets per research data) 0-10 Community Enrichment What is the community involvement opportunity and/or lasting community benefit? 0-5 Growth Potential Continues to evolve by delivering fresh content, enhanced experiences 0-10 Promotes an atmosphere of vitality, fun and celebration Marketing Strength Extent and quality of promotional and marketing "reach" 0-15 Leverage media exposure and sponsorship support Producer Qualifications Proven quality, knowledge and resources to sustain and grow the event 0-10 Maximum Score 100 TOWN OF VAIL' Town of Vail 1 CSE 1 May 3, 2017 June 6, 2017 - Page 21 of 311 11 CSE Funding Scorecard & Evaluation Criteria �I!J�:�irJJ1J �i1JrI �1JIJ�IJ1tJ 1J `J�1Ji �'s P )g_r1;111'1 Criteria Ratin Potential to achieve one or more of the following: Enhance Leadership Skills: locally, nationally, internationally 0-25 Foster a Health and Well Being reputation for Vail Provide opportunities for intellectual dialogues and problem solving Deliver an educational component Create a lasting impact on the community Brand Opportunity Builds the Vail Brand 0-15 Timing Optimize calendar - "the right events at the right time" 0-5 Demographic Fit: Audience Optimize quality of participants to improve future economic opportunity 0-10 Community Enrichment What is the community involvement opportunity and/or lasting community benefit? 0-10 Growth Potential Continues to evolve by delivering fresh content, enhanced experiences 0-10 Achieves national/global recognition and participation Marketing Strength Extent and quality of promotional and marketing "reach" 0-15 Leverage media exposure and sponsorship support Producer Qualifications Proven quality, knowledge and resources to sustain and grow the event 0-10 Maximum Score 100 1 TOWN OF VAIL' Town of Vail 1 CSE 1 May 3, 2017 June 6, 2017 - Page 22 of 311 12 Strategic Principles The CSE is part of the Town of Vail's Economic Development Office and relies on the Town Council to provide: • Policy direction • Consistent special events funding • Proactive development of appropriate special event venues • Town of Vail staff support for special events as required Research has proven that special events generate additional sales tax revenues in the Town of Vail. Town of Vail 1 CSE 1 May 3, 2017 TOWN OF VAIL. June 6, 2017 - Page 23 of 311 13 Strategic Principles • Special events contribute to guest satisfaction, increased spending and sense of community. • Event funding decisions will be made in alignment with the strategies supported by the Vail Local Marketing District (VLMD). • Cooperation and communication with other community organizations and local businesses impacted by events are essential to the success of the CSE's program. • Events that receive funding from the CSE must be compatible with the Vail Brand and be of a quality commensurate with Vail's image as a world-class resort. • The use of measurable criteria in event selection, funding and evaluation is critical to ensuring progress and success. • One point of contact is needed to support special event producers for administration and permitting. • Another point of contact is needed for funding and marketing. • Staff partners with event producers to provide resources and process guidelines to execute their event. TOWN OF VAIL Town of Vail 1 CSE 1 May 3, 2017 June 6, 2017 - Page 24 of 311 14 Strategic Direction The CSE will encourage and recruit independent event organizers to produce events in Vail by acting in a supporting role to provide funding for the development of new events, as well as funding consideration for existing events that continue to contribute to the vitality of the community. The CSE will also provide guidance to event producers on date recommendations, event concepts, sponsorship, venue, marketing and any other relevant topics as appropriate. Town of Vail 1 CSE 1 May 3, 2017 TOWN OF VAIL. June 6, 2017 - Page 25 of 311 15 Accountability & Post -Event Review It continues to be the job of the CSE to develop and assist performing events, seek out new events that support the Vail brand and put on notice events not performing up to stated criteria. In keeping with the public trust and economic realities, every event investment will be held to a high level of accountability. Each producer is required to complete a marketing checklist and adhere to the specified timeline. In addition, when necessary, the event producer must complete their event permit and meet with the ERC. A post -event recap is required from each event receiving public funding. This recap is scheduled within 60 days after the event and will be publicly reviewed by the CSE. Town of Vail 1 CSE 1 May 3, 2017 TOWN OF VAIL. June 6, 2017 - Page 26 of 311 16 Measuring Progress E:11:-7)1_1:( r: l The event recap template is comprehensive and serves as a detailed guideline for the event producer to present the results, successes and areas for improvement for their event. Some events are also earmarked to be surveyed by an independent 3rd party organization and that information is included in the recap. Each event recap answers these strategic questions as well as others and is accompanied by a detailed report on specifics: • Did the event investment increase Vail's economic performance? • Is the event investment being fully leveraged to increase both revenue and marketing reach? • Does this event contribute to a strong sense of community and better quality of life? • What is the potential for event growth? • How did the event results meet the CSE scorecard criteria? • Was the event budget maximized for best results? Town of Vail 1 CSE 1 May 3, 2017 TOWN OF VAIL June 6, 2017 - Page 27 of 311 17 CSE Oversight Provide a balanced, year round calendar of events appealing to residents and guests of diverse interests by: • Attracting and developing cultural, recreation and community events that enhance and contribute to Vail's world-class reputation and have a positive impact on the community. • Cultivating education and enrichment events that will provide opportunity for intellectual discussion as well as positively impact the community in other ways • Encouraging activation of events to create an expanded presence throughout the community and stimulate the participation of the merchants, restaurants and bars, and lodges. Town of Vail 1 CSE 1 May 3, 2017 TOWN OF VAIL. June 6, 2017 - Page 28 of 311 18 CSE Oversight J J1J� r1JJJJ� 1JJi FJ�J Ensure that the special event benefits are commensurate with the investment of public funds by: • Following objective event selection, funding and evaluation criteria • Utilizing critical success measurements. In coordination with VLMD and appropriate research vendors, tools will be used to measure: ■ Sales and lodging tax collections (Staff) ■ Occupancy rates (DestiMetrics) ■ Impact from direct event spending (RRC Associates/Producer/Staff) ■ Quantifiable marketing exposure (Producer/Staff) ■ Net Promoter Score (NPS) (RRC Associates/Producer) • Contributions to sense of community: ■ Does the event improve the quality of experience for guests and residents? ■ Does it draw down -valley residents into Vail? ■ Is it fun? Town of Vail 1 CSE 1 May 3, 2017 TOWN OF VAIL June 6, 2017 - Page 29 of 311 19 CSE Oversight �.'fIJfJJ!JfJJ�:�rJJIJ, ���f=1rJJIJ=IIJrJ1rJJfJ=IrJJtJ • Provide complete and accurate information with regard to the calendar of special events to internal Town of Vail staff, organizations, guests and community members. (Staff) • Communicate with the local business community, the Vail Chamber and Business Association (VCBA), the Vail Restaurant Group, the Vail Valley Partnership (VVP) and the Vail Recreation District (VRD) to ensure that the events funded by the CSE have a positive impact on the local economy. • Maintain biannual meetings with the VLMDAC and the VEAC and continue to work cooperatively to align special events and marketing programs. • Maintain annual meetings with the ERC. • Ensure that event investments are closely coordinated with the economic needs of the community as recommended by the VEAC and with the broader marketing objectives identified by the VLMDAC. • Maintain coordination and communication between the ERC, VRD, Vail Resorts and CSE. (Staff) • Continue to foster a culture within the TOV that welcomes special events and provides a "can do" attitude of cooperation between TOV Departments, event producers and local businesses. (Staff/ERC) Town of Vail 1 CSE 1 May 3, 2017 TOWN OF VAIL June 6, 2017 - Page 30 of 311 20 CSE Oversight �.iri�J ii • Green Events: Require environmentally sustainable event practices in order to preserve our surrounding natural environment. • Advocate for the development and improvement of venues and facilities for special events within the TOV. • Maintain the status of Vail as the model among mountain resort communities with respect to the development and implementation of special events strategy delivering significant economic benefits. • Continue to demonstrate to the Town Council that Special Events are a revenue provider for the Town, while simultaneously making Vail a more vibrant place to live, work and play. • Deliver exceptional experiences and an abundance of recreation, cultural, community events along with educational and enrichment programs to our guests and residents. Town of Vail 1 CSE 1 May 3, 2017 TOWN OF VAIL. June 6, 2017 - Page 31 of 311 21 Conclusion This new five-year plan was updated from the previous plan to incorporate changes from the Town Council and Economic Development Office. It will be revisited annually by the CSE board and changes will be communicated to Town Council, another revision will occur in 2022. The plan will continue to be revised accordingly as the special events program evolves and adapts to current economic conditions and Town Council priorities. Town of Vail 1 CSE 1 May 3, 2017 TOWN OF VAIL. June 6, 2017 - Page 32 of 311 22 TOWN Of9 VAIL TOWN COUNCIL AGENDA MEMO ITEM/TOPIC: 2016 Financial Audited Financial Statements for the Town of Vail PRESENTER(S): Kathleen Halloran, Finance Director and Michael Jenkins, McMahan and Associates ACTION REQUESTED OF COUNCIL: The 2016 audited financial statements are presented for Council information; no action requested. BACKGROUND: In accordance with section 9.11 of the Vail Town Charter, an independent audit shall be made of all town accounts at least annually. The audit shall be conducted by certified public accountants and copies made available for public inspection at the municipal building. The 2016 audit was conducted by McManhan and Associates, LLC. ATTACHMENTS: Description Power point 2016 FS June 6, 2017 - Page 33 of 311 2016 FINANCIAL STATEMENTS &AUDIT REPORT ',* FINANCE 1 June 6, 2017 June 6, 2017 - Page 34 of 311 PRESENTERS Kathleen Halloran, C.P.A. Finance Director Michael N. N. Jenkins, C.A., C.P.A. Partner, McMahan & Associates, LLC • '4*.'",. -.41e? 8:67? A. • • , a • amr " 17.4.07: r: vit. " 1.4.1 117. ft , 1 . • le IP: irf -rr Town of Vail 1 Finance 1 6/6/2017 June 6, 2017 - Page 35 of 311 TOWN OF 2016 FINANCIAL STATEMENTS 1 Government Wide Statements Provide a broad overview similar to a private sector business, including capital assets and long-term debt on a full accrual basis STATEMENT OF NET POSITION Assets exceed liabilities by $229.7M $134.1M net investment in capital assets $2.0M TABOR reserves; $14.5M restricted; $79.1M unrestricted STATEMENT OF ACTIVITIES $12.5M increase in net position $70.8M revenue; $15.9 program specific and $54.9M general revenue $58.3M expenses Town of Vail 1 Finance 1 6/6/2017 June 6, 2017 - Page 36 of 311 TOWN OFVA� 2016 FINANCIAL STATEMENTS 1 Debt Financing VAIL REINVESTMENT AUTHORITY TAX INCREMENT FINANCING $11.9M issued in 2010 for Lionshead improvements $9.3 M outstanding at year end Repayment from incremental property tax revenue from Lionshead redevelopment Town of Vail 1 Finance 1 6/6/2017 June 6, 2017 - Page 37 of 311 TOWN OFVA� 2016 FINANCIAL STATEMENTS 1 Fund Statements Record financial transactions for specific activities or governmental functions; focus on near-term inflows and outflows and spendable balances GOVERNMENTAL FUNDS General Fund Capital Projects Fund Real Estate Transfer Tax Fund Marketing Fund Vail Local Marketing District Vail Reinvestment Authority Town of Vail 1 Finance 1 6/6/2017 PROPRIETARY FUNDS Internal Services — Heavy Equipment Fund Health Insurance Fund Enterprise Funds — Dispatch Services Fund Timber Ridge Fund June 6, 2017 - Page 38 of 311 TOWN OFVA� 2016 FINANCIAL STATEMENTS 1 Fund Statements General Fund Favorable to Budget by $3.7M Final Budget 2016 Actual Better (Worse) % Revenue $37.2M $38.5M $1.3M 3.5% Expenditures (37.2)M (34.8)M 2.4 M 6.4% Net Change $(0.0)M Revenue — Increase mainly due to parking $1.0M, ski lift tax $305K and construction permits & fees $202K Expenditures — Savings in general operations $1.2M; salaries due to vacancies $612K; healthcare/benefit savings of $548K; overtime savings $104K Fund Balance - $27.3 million compared with target $9.6 million or 25% revenue Town of Vail 1 Finance 1 6/6/2017 June 6, 2017 - Page 39 of 311 TOWN OFV� 2016 FINANCIAL STATEMENTS 1 Fund Statements Capital Projects Fund Managed $12.2M in Projects Final Budget 2016 Actual Better (Worse) Revenue $13.0M $13.2M Expenditures (32.8)M (12.2)M 20.6M Transfers and Financing 4.3M 3.3M (1.0)M Net Change $(15.5)M $4.3M $19.8M Revenue — Variance due to additional Sales Tax $500K and Fee in Lieu $500K, offset by a decrease in revenue due to timing of Federal Grant receipts Expenditures — Variance for approved projects not yet completed and carried over to 2017 $15.0M Transfers and Financing — VRA funding of Lionshead projects not yet complete Fund Balance - $36.0M Town of Vail 1 Finance 1 6/6/2017 June 6, 2017 - Page 40 of 311 TOWN OF VA� 2016 FINANCIAL STATEMENTS 1 Fund Statements RETT Fund Managed $12.8M in Projects; $2.2M Ops Final Budget 2016 Actual Better (Worse) Revenue $8.0M $8.4M $0.4M Expenditures (21.7)M (15.2)M 6.5M Transfers and Financing 0.3M 0.3M 0.0M Net Change $(13.4)M $(6.5)M $6.9M Revenue — Variance due to real estate transfer tax $343K Expenditures — Variance due to approved projects not yet completed and carried over to 2017 $5.4M; Project savings of $800K; Operations savings of $330K Fund Balance - $11.3M Town of Vail 1 Finance 1 6/6/2017 June 6, 2017 - Page 41 of 311 TOWN OF1(T) 2016 FINANCIAL STATEMENTS 1 Fund Statements 10 -Year History and 5 -Year Projection of Reserves 90 0 2 80 70 60 50 40 30 20 10 1 $82.7M $80.1M $69.2M $64.9M $55.5M 1 1 $61.7M $45 OM 1 $62.7M $54.1M F ' $51.9M IuIIIIIIIIIII..�,11 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Town of Vail 1 Finance 1 6/6/2017 =All Other June 6, 2017 - Page 42 of 311 Conference Center Fund RETT Fund Capital Projects Fund General Fund Reserve Min TOWN OF VAIL. Town ofVail 1 Finance 1 6/6/2017 June 6.2017 Page 43 of 311 TOWN ��^� e TOWN OF VAIL) Financial Statements December 31, 2016 June 6, 2017 - Page 44 of 311 Town of Vail, Colorado Financial Report December 31, 2016 Table of Contents INDEPENDENT AUDITOR'S REPORT Management's Discussion and Analysis Government -wide Financial Statements: Statement of Net Position Statement of Activities Page(s) Al — A2 B1 — B7 C1 C2 Fund Financial Statements: Governmental Funds: Balance Sheet C3 Statement of Revenues, Expenditures and Changes in Fund Balances C4 Proprietary Funds: Statement of Net Position C5 Statement of Revenues, Expenses and Changes in Fund Net Position C6 Statement of Cash Flows C7 Fiduciary Funds: Statement of Fiduciary Net Position C8 Statement of Changes in Fiduciary Net Position C9 Notes to the Financial Statements D1 — D26 Required Supplementary Information: General Fund: Schedule of Revenues, Expenditures and Changes in Fund Balance — Budget (GAAP Basis) and Actual El — E2 Major Special Revenue Funds: Schedule of Revenues, Expenditures and Changes in Fund Balance — Budget (GAAP Basis) and Actual: Real Estate Transfer Tax Fund E3 Conference Center Fund E4 Vail Marketing Fund E5 Vail Local Marketing District E6 Vail Reinvestment Authority E7 Supplementary Information: Capital Projects Fund: Schedule of Revenues, Expenditures and Changes in Fund Balance — Budget (GAAP Basis) and Actual Enterprise Funds: Schedule of Revenues, Expenses and Changes in Net Position — Budget (Non -GAAP Basis) and Actual with Reconciliation to GAAP Basis: Timber Ridge Fund Dispatch Services Fund Internal Service Funds: Schedule of Revenues, Expenses and Changes in Net Position — Budget (Non -GAAP Basis) and Actual with Reconciliation to GAAP Basis: Heavy Equipment Fund Schedule of Revenues, Expenses and Changes in Net Position — Budget (GAAP Basis) and Actual: Health Insurance Fund i F1 F2 F3 F4 F5 June 6, 2017 - Page 45 of 311 Town of Vail, Colorado Financial Report December 31, 2016 Table of Contents (Continued) Page(s) Supplementary Information (continued): Internal Service Funds (continued): Combining Statement of Net Position F6 Combining Statement of Revenues, Expenses and Changes in Net Position F7 Combining Statement of Cash Flows F8 Schedule of Project Expenditures — Budget (GAAP Basis) and Actual: Capital Projects Fund F9 Real Estate Transfer Tax Fund F10 Local Highway Finance Report F11 — F12 Undertaking to Provide Continuing Disclosure: Table I — Vail Reinvestment Authority History of Pledged Revenues G1 Table 11 — Vail Reinvestment Authority History of Assessed Valuations G1 Table III — Mill Levies Affecting Property Owners within the Vail Reinvestment Authority Plan Area G1 Table IV — Largest Taxpayers in the Authority G2 Table V — 2016 Preliminary Assessed Valuation of Classes of Property in the Authority G2 Table VI — History of Revenues, Expenditures and Changes in Fund Balance — Vail Reinvestment Authority G3 Table VII — 2016 Budget Summary and Actual Comparison / 2017 Budget — Vail Reinvestment Authority G4 Table VIII —Outstanding Revenue Obligations G4 ii June 6, 2017 - Page 46 of 311 INDEPENDENT AUDITOR'S REPORT June 6, 2017 - Page 47 of 311 M A MCMAHAN AND ASSOCIATES, L.L.C. Certified Public Accountants and Consultants CHAPEL SQUARE, BLDG C 245 CHAPEL PLACE, SUITE 300 P.O. Box 5850, AVON, CO 81620 INDEPENDENT AUDITOR'S REPORT To the Mayor and Members of Town Council Town of Vail, Colorado Vail, Colorado Report on the Financial Statements WEB SITE: WWW.MCMAHANCPA.COM MAIN OFFICE: (970) 845-8800 FACSIMILE: ^^(970) 845-8108 E-MAIL: MCMAHAN( MCMAHANCPA.COM We have audited the accompanying financial statements of the governmental activities, the business -type activities, each major fund, and the aggregate remaining fund information of the Town of Vail, Colorado (the "Town"), as of and for the year ended December 31, 2016, and related notes to the financial statements, which collectively comprise the Town's basic financial statements as listed in the table of contents. Management's Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those assessments, the auditor considers internal control relevant to the Town's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluation of the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall financial statement presentation. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. Member: American Institute of Certif'eJ Public Accountants PAUL J. BACKES, CPA, CGMA MICHAEL N. JENKINS, CA, CPA, CGMA DANIEL R. CUDAHY, CPA, CGMA Al AVON: (970) 845-8800 ASPEN: (970) 544-3996 FRISCO: (970) 668-348 1 June 6, 2017 - Page 48 of 311 INDEPENDENT AUDITOR'S REPORT To the Mayor and Members of Town Council Town of Vail, Colorado Vail, Colorado Opinions In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business -type activities, each major fund, and the aggregate remaining fund information of the Town of Vail, Colorado as of December 31, 2016, and the respective changes in financial position and where applicable, cash flows thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America. Other Matters Accounting principles generally accepted in the United States of America require that Management's Discussion and Analysis in Section B be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing procedures generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. The budgetary comparison information in section E is not a required part of the basic financial statements but is supplementary information required by accounting principles generally accepted in the United States of America. This required supplementary information has been subjected to the auditing procedures applied in the audit of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements, or to the financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the information is fairly stated in all material respects in relation to the financial statements as a whole. Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the Town's financial statements taken as a whole. The accompanying supplementary information in section F (including individual fund budgetary schedules, combining internal service fund statements, budgetary schedules for project expenditures, and the Local Highway Finance Report) and section G (the Town's Undertaking to Provide Continuing Disclosure) is presented for the purpose of additional analysis and are not a required part of the Town's basic financial statements. The supplementary information in sections F and G is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the financial statements. The information in section F has been subjected to the auditing procedures applied in the audit of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the information in section F is fairly stated in all material aspects in relation to the financial statements as a whole. The information included in the Town's Undertaking to Provide Continuing Disclosure in section G has not been subjected to the auditing procedures applied in the audit of the Town's basic financial statements and, accordingly, we do not express an opinion or provide any assurance on it. A5 -C8,0 -04 - McMahan and Associates, L.L.C. May 31, 2017 A2 June 6, 2017 - Page 49 of 311 MANAGEMENT'S DISCUSSION AND ANALYSIS June 6, 2017 - Page 50 of 311 Town of Vail, Colorado Management's Discussion and Analysis December 31, 2016 As management of the Town of Vail, Colorado (the "Town"), we offer readers of the Town's financial statements this narrative overview and analysis of the financial activities of the Town for the fiscal year ended December 31, 2016. Overview of the Financial Statements This discussion and analysis is intended to serve as an introduction to the Town's basic financial statements. The Town's basic financial statements include three components: 1) government -wide financial statements; 2) fund financial statements; and 3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements. Financial Highlights: • The assets of the Town exceeded its liabilities at the close of the 2016 fiscal year by $229,720,271 (net assets). Of this amount, $1,977,900 is restricted for TABOR emergency reserves and $14,527,420 is restricted by enabling legislation. • The Town's total net assets increased in the 2016 fiscal year by $12,522,256 which was attributable to an increase from governmental activities of $11,954,957 and an increase of $567,299 from business -type activities. • At December 31, 2016, the fund balance of the General Fund was $27,300,260. Of that amount, $1,880,900 was restricted for TABOR emergency reserves. Government -wide financial statements: The government -wide financial statements are designed to provide readers with a broad overview of the Town's finances in a manner similar to a private -sector business. The Statement of Net Position presents information on the Town's assets and liabilities, with the difference between the two reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the Town is improving or deteriorating. The Statement of Activities presents information showing how the government's net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods (e.g. uncollected grant revenues or earned but unused vacation leave.) Both of the government -wide financial statements distinguish functions of the Town that are principally supported by taxes and intergovernmental revenues (governmental activities) and those that are supported by external revenues (business -type activities). The governmental activities of the Town include general government, public safety, public works, transportation, and economic development. The business -type activities of the Town consist of housing conducted through Timber Ridge Apartments, and dispatch services, conducted through Vail Public Safety Communications (both enterprise funds of the Town). The government -wide financial statements include not only the Town itself (known as the primary government), but also a legally separate marketing district (Vail Local Marketing District) and a legally separate urban renewal authority (Vail Reinvestment Authority). Because these component units function for all practical purposes as departments of the Town, their financial position and activities have been included as an integral part of the primary government. The government -wide financial statements can be found on pages C1 and C2 of this report. B1 June 6, 2017 - Page 51 of 311 Overview of the Financial Statements (continued) Fund Financial Statements: A fund is an accounting entity that has a set of self -balancing accounts that records all financial transactions for specific activities or governmental functions. The Town, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance - related legal requirements. The Town's funds can be divided into three categories: governmental funds, proprietary funds, and fiduciary funds. Governmental Funds: Governmental funds are used to account for essentially the same functions reported as governmental activities in the government -wide financial statements. However, unlike government -wide financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resources as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a government's near-term financing requirements. Because the focus of governmental funds is narrower than that of the government -wide financial statements, it is useful to compare the information presented for governmental activities in the government -wide financial statements. By doing so, readers may better understand the long-term impact of the governments' near-term financing decisions. Both the governmental fund Balance Sheet and the governmental Statement of Revenues, Expenditures and Changes in Fund Balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities. The Town's governmental funds include the General Fund, Debt Service Fund, Capital Projects Fund and three Special Revenue Funds — Real Estate Transfer Tax Fund, Vail Marketing Fund and Conference Center Fund — as well as the Vail Local Marketing District and the Vail Reinvestment Authority, which are component units of the Town. The Town adopts an annual appropriated budget for all governmental funds. A budgetary comparison statement has been provided for all funds to demonstrate compliance with the state budget statute. The basic governmental fund financial statements can be found on pages C3 and C4 of this report. Proprietary Funds: The Town reports two categories of proprietary funds — Internal Service and Enterprise. The Heavy Equipment Fund and Health Insurance Fund are internal service funds, while Timber Ridge and the Dispatch Services Fund are reported as enterprise funds. As their name implies, the internal service funds provide services to the Town's governmental activities. Timber Ridge provides affordable rental housing to people who work in Vail and the Dispatch Services Fund provides dispatch services to emergencies service agencies throughout Eagle County. Enterprise fund functions are presented as business -type activities in the government -wide financial statements. Proprietary funds provide the same type of information as the government -wide financial statements, only in more detail. The basic proprietary fund financial statements can be found on pages C5 through C7 of this report. The Town also presents a budgetary comparison for its proprietary funds. Fiduciary Funds: Fiduciary funds are used to account for resources held for the benefit of parties outside the government. Fiduciary funds are not reflected in the government -wide financial statements because the resources of those funds are not available to support the Town's own programs. The accounting used for fiduciary funds is much like that used for proprietary funds. The basic fiduciary fund financial statements, for the Town's pension plan, can be found on pages C8 and C9 of this report. Notes to the Financial Statements: The notes provide additional information that is essential to a full understanding of the data provided in the government -wide and fund financial statements. The Notes to the Financial Statements can be found on pages D1 through D26 of this report. B2 June 6, 2017 - Page 52 of 311 Overview of the Financial Statements (continued) Government -wide Financial Analysis: As previously mentioned, the government -wide financial statements are designed to provide readers with a broad overview and long-term analysis of the Town's finances, in a manner similar to a private -sector business. Net position may serve over time as a useful indicator of a government's financial position. In the case of the Town, governmental assets exceeded liabilities by $225,007,635 at the close of the most recent fiscal year. Approximately 58% of the Town's net assets are invested in capital assets (land, buildings, equipment), less related outstanding debt. Since the Town uses these capital assets to provide services to citizens, these assets are not available for future spending, including provision of resources to repay the debt. The table below shows the Town's net position for 2016 and 2015. Governmental Activities Business -type Activities Total 2016 2015 2016 2015 2016 2015 Current and Other Assets $106,662,729 $105,904,688 $(5,890,603) $(6,736,181) $100,772,126 $99,168,507 Capital Assets 140,474,243 128,364,672 10,890,172 11,163,660 151,364,415 139,528,332 Total Assets 247,136,972 234,269,360 4,999,569 4,427,479 252,136,541 238,696,839 Long-term Liabilities Outstanding Other Liabilities 9,802,833 10,181,795 7,663,110 6,346,954 54,668 43,851 232,265 238,291 9,857,051 10,225,646 7,895,375 6,585,245 Total Liabilities 17,465,492 16,528,749 286,933 282,142 17,752,425 16,810,891 Deferred Inflows 4,663,845 4,687,933 4,663,845 4,687,933 Net Position: Invested in capital assets, net of related debt 131,148,580 118,533,472 3,044,284 2,860,782 134,192,864 121,394,254 Restricted 16,505,320 24,085,706 - 16,505,320 24,085,706 Unrestricted 77,353,735 70,433,500 1,668,352 1,284,555 79,022,087 71,718,055 Total Net Position $225,007,635 $213,052,678 $4,712,636 $4,145,337 $229,720,271 $217,198,015 The Town's current assets from governmental activities and capital assets increased mainly due to an increase in cash and investments and a significant investment in capital assets. Major construction projects during 2016 included a major remodel of the Vail Golf and Nordic Clubhouse, the 1-70 Underpass project, redevelopment of Booth Creek Park, renovation of the East Vail Fire Station, and pedestrian safety enhancements. The Town's long-term liabilities from governmental activities decreased due to scheduled principal payments on Vail Reinvestment Authority's outstanding debt. The Authority's 2010A and 2010B Tax Increment Bonds will be retired in 2018 and 2030, respectively. The Timber Ridge Enterprise Fund notes payable to the Town mature in 2032 and 2033. They are reported as "internal balances" in the government -wide presentation on page C1. Details of the promissory notes due from the Timber Ridge Enterprise Fund are found in note IV.F of this report. B3 June 6, 2017 - Page 53 of 311 Overview of the Financial Statements (continued) The chart below provides financial information from the Town's Statement of Activities for the years 2016 and 2015. Town of Vail's Changes in Net Position Governmental Business -type Activities Activities Total 2016 2015 2016 2015 2016 2015 Revenue: Program Revenue Charges for services $ 9,310,833 $ 9,498,525 $ 3,293,234 $ 3,128,085 $ 12,604,067 $ 12,626,610 Operating grants 2,335,383 5,055,454 770,740 797,382 3,106,123 5,852,836 Capital grants 195,032 192,896 - 195,032 192,896 General Revenue Property and ownership tax 8,879,103 8,232,968 - 8,879,103 8,232,968 Sales and lodging tax 31,884,921 31,882,323 - 31,884,921 31,882,323 Other taxes 13,037,850 12,887,582 - 13,037,850 12,887,582 Interest and other revenue 1,057,927 1,573,173 28,865 16,410 1,086,792 1,589,583 Transfers (22,338) - 22,338 - Total Revenue 66,701,049 69,300,583 4,092,839 3,964,215 70,793,888 73,264,798 Expenses: General government 7,527,645 7,016,016 - 7,527,645 7,016,016 Public safety 10,549,407 9,909,708 2,574,483 2,646,172 13,123,890 12,555,880 Public works and transportation 19,216,959 18,356,607 - 19,216,959 18,356,607 Culture and recreation 10,190,109 9,388,202 - 10,190,109 9,388,202 Economic development 6,703,946 6,722,840 - 6,703,946 6,722,840 Housing - 951,057 1,045,298 951,057 1,045,298 Interest 558,026 569,568 - 558,026 569,568 Total Expenses 54,746,092 51,962,941 3,525,540 3,691,470 58,271,632 55,654,411 Change in Net Position 11,954,957 17,337,642 567,299 272,745 12,522,256 17,610,387 Net Position January 1 213,052,678 196,776,421 4,145,337 3,872,592 217,198,015 200,649,013 Restatement of Capital Assets (1,061,385) - (1,061,385) Net Position January 1 (Restated) 213,052,678 195,715,036 4,145,337 3,872,592 217,198,015 199,587,628 Net Position December 31 $ 225,007,635 $ 213,052,678 $ 4,712,636 $ 4,145,337 $ 229,720,271 $ 217,198,015 Governmental Activities: Governmental activities increased the Town's net assets by $11,954,957. The following items represent other significant governmental activities during 2016: • Revenue collections of sales tax with an increase over prior year of $504,000, respectively. • Property and ownership Tax revenue increased $646,135 over the prior year. • Increased visitation in the both summer and winter resulted in increased skier lift tax collections, up $269,000 and increased parking revenue from both parking passes and daily parking fees, up a total of $281,000 from the prior year. • Long-term liabilities were reduced by $500,000 through principal repayments. B4 June 6, 2017 - Page 54 of 311 Overview of the Financial Statements (continued) Business -type Activities: Business -type activities are comprised of Timber Ridge Enterprise Fund, a fund providing affordable housing to people working in Vail, and Vail Public Safety Communications Center, an enterprise fund providing dispatch services to emergency service agencies throughout Eagle County. Financial Analysis of the Town's Funds As previously mentioned, the Town uses fund accounting to ensure and demonstrate compliance with finance -related legal requirements. Governmental Funds: The focus of the Town's governmental funds is to provide information on near- term inflows, outflows, and balances of spendable resources. Such information is useful in assessing the Town's financing requirements. In particular, fund balance may serve as a useful measure of a government's net resources available for spending at the end of the fiscal year. As of the end of the current fiscal year, the Town's governmental funds reported combined ending fund balances of $89,555,750 an increase of $394,063 from the prior year's ending fund balances primarily as a result of record sales tax collections. The following details ending fund balances for the past five years: Fund 2012 2013 2014 2015 2016 General Fund $ 23,403,652 $ 16,401,973 $ 19,687,223 $ 23,622,509 $ 27,300,260 Capital Projects Fund 19,402,790 25,769,300 30,409,349 40,542,297 44,836,870 Real Estate Transfer Tax 16,427,967 16,848,758 16,282,049 17,797,519 11,256,285 Conference Center Fund 7,719,784 1,942,890 1,962,353 Vail Marketing Fund 173,975 185,851 196,757 203,263 259,452 Vail Local Marketing District 1,295,690 1,413,521 1,361,593 1,552,198 1,590,734 Debt Service Fund 21,271 21,311 - Vail Reinvestment Authority 6,736,211 6,851,969 5,924,250 5,443,901 4,312,149 Total $ 75,181,340 $ 69,435,573 $ 75,823,574 $ 89,161,687 $ 89,555,750 The General Fund balance grew steadily in the years prior to 2011 and 2012, when reserves were used to cash -fund construction of a new West Vail Fire Station. In 2013, a 9.7% increase in sales tax collections helped to offset an $8M investment in Timber Ridge funded by the General Fund reserves. During 2014 and 2015 the General Fund saw large increases in reserves of $3.3M and $3.9M due to increases in sales tax collections, construction activity, parking, and lift tax. In 2016, the General Fund balance increased by $3.7M from prior year in part due to increases is sales tax, parking revenue, property taxes, and lift tax. Expenditure savings of $2.4M also contributed to the increase in reserves. Although sales tax collections began to level off from previous year over year increases, sales tax collections still reached $25.7M, a 2.5% increase over 2015 with the summer months (May- Oct) experiencing a 7.8% increase over prior year. Property taxes increased nearly 12%, parking sales increased 5.7%, and ski lift tax increased 5.7%. Reserve levels in the Capital Projects Fund and RETT Fund normally fluctuate as funds are spent on major projects. RETT revenue collections decreased slightly from prior year by 1.8%, however the reason reserves decreased by $6.5M is due to the completion of several major capital projects such as the Vail Golf and Nordic Clubhouse, Booth Creek Park redevelopment, and the pickleball sports courts at Chalet Road. The Capital Projects Fund experienced a slight decrease in revenues from prior year due to overall decreases in construction activity offset by sales tax collections. Although the town spent $12.1M on capital projects during the year, the Capital Projects Fund reserves increased by $4.7M. B5 June 6, 2017 - Page 55 of 311 Financial Analysis of the Town's Funds (continued) The Conference Center Fund was created in 2003 to administer the sales and public accommodations taxes that went into effect on January 1, 2003 for the purpose of building and operating a conference center in the Town. However, the Conference Center taxes were rescinded as of January 1, 2006 In November, 2011 voters approved use of these funds for improvements to Vail's recreational and cultural facilities. All three capital projects have been completed: the Ford Park athletic fields, improvements to the Gerald R. Ford amphitheater and a major renovation of the clubhouse at the Vail Golf and Nordic Clubhouse. . At December 31, 2015 the Conference Center Fund was depleted. The Vail Reinvestment Authority (VRA) was added in 2004 to administer an urban renewal authority established in the Lionshead area of the Town. The incremental property taxes generated $3.9M in 2016, providing a funding mechanism for capital improvements within the district by covering annual debt service payments of $1.1M relating to $11.9M in bonds issued in 2010. The bonds have funded several projects including a new Transit and Welcome Center, a remodel of the Vail Public Library, and improvements to both the east and west portals into Lionshead Village. Other capital projects within the district have been funded from annual tax increment collections such as Sun Bird Park, reconstruction of the Lionshead parking entry, Zeke M. Pierce Skate Park, and the new 1-70 Underpass. As of December 31, 2016, the 1-70 underpass was scheduled to be completed in 2017. The bonds are scheduled to be paid off by 2030, when the district will expire. Over the last five years the town's strong reserve levels have enabled Town Council to cash -fund all capital projects. While reserves at the end of 2016 were at an all time high of $82.7M, they are expected to decrease to $44.1M in 2017 with currently ongoing projects. $17.7 million will be replenished during 2018 from sales of housing units at Chamonix Housing Development for a projected ending balance of $61.8M in 2018. 90 O • 80 E 70 60 50 40 30 20 10 10 Year Reserves History 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 All Other - Conference Center Fund - RETT Fund Capital Projects Fund General Fund Proprietary Funds: The Town's proprietary funds provide the same type of information found in the government -wide financial statements, but in more detail. In January, 2014 the Town added the Timber Ridge Enterprise Fund to reflect the transfer of all assets and liabilities of the Timber Ridge Affordable Housing Corporation. Operations of the Timber Ridge housing project are now reported within this enterprise fund of the town. In September, 2014 the Corporation was administratively dissolved. Unrestricted net assets for the Heavy Equipment Fund, Timber Ridge Enterprise Fund, and the Dispatch Services Fund at the end of the year were $2,087,886; $225,605; and $1,442,747, respectively. The Health Insurance Fund net assets were $3,443,810, all of which are restricted for the Town's self-funded health insurance program. B6 June 6, 2017 - Page 56 of 311 Financial Analysis of the Town's Funds (continued) Budget Variances in the General Fund: General Fund revenue was higher than the amended budget by $1,264,008 or 3.4%, mainly due to increased parking revenue (up 23.8%), ski lift tax collections (up 6.5% from budget), , and construction fees (up 26.1%). Expenditures were below budget by $3,681,085 or 10.0% due to staffing vacancies and operations savings resulting from conservative spending by town departments. Capital Assets: The Town's government -wide capital assets, net of accumulated depreciation, increased by $11,836,083 in 2016. Capital additions included completion of the Chalet Road Sport Courts, the redevelopment of Booth Creek Park, continuation major renovation of the Vail Golf and Nordic Clubhouse, and the renovation of the East Vail Fire station. Additional information, as well as a detailed classification of the Town's net capital assets, can be found in the Notes to the Financial Statements in footnote IV.0 of this report. Long-term Debt: As of the end of the current fiscal year, the Vail Reinvestment Authority had $9,305,000 of tax increment bonds outstanding, of which $515,000 of bond principal is due within one year. Additional information regarding the Authority's debt can be found in the Notes to the Financial Statements in footnote IV.G of this report. Sales Tax: During 2016, the Town had a 4% general sales tax to support governmental operations, including capital expenditures. The following chart shows changes in the general sales tax for the past ten years. The Town experienced record collections in 11 out of 12 months during the year, with total collections up 2.5% from the prior year. 28.0 20.0 24.0 22.0 20.0 18.0 - 16.0 14.0 -' 12.0 10.0 8.0 6.0 4.0 2.0 0.0 Sales Tax Compared with inflation MENNEMENlir 1 MENNEMEN MENEME MENNEMEN MENEME MENNEM EMMEME MENEME t t t t t t t t 288.0 - 270.0 232.0 - 234.0 - 216.0 - 1'8.0 - 160.0 - 162.0 144.0 126.0 108.0 - 90.0 - 72.0 54.0 36.0 18.0 2006 2007 2008 200 2010 2011 2012 2013 201, 201:"6 2018 2017 Next Year's Budget and Rates: The Town's General Fund balance at the end of the current fiscal year was $27,300,260; representing 71% of annual revenue. Request for information This financial report is designed to provide a general overview of the Town's finances for all those with an interest in the government's finances. Questions concerning any of the information provided in this report should be addressed to the Town of Vail, Finance Director, 75 S. Frontage Road, Vail, Colorado 81657. B7 June 6, 2017 - Page 57 of 311 GOVERNMENT -WIDE FINANCIAL STATEMENTS June 6, 2017 - Page 58 of 311 Town of Vail, Colorado Statement of Net Position December 31, 2016 Governmental Business -type Activities Activities Total Assets: Equity in pooled cash and investments 75,885,999 1,564,999 77,450,998 Unrestricted cash and investments 7,515,918 956,666 8,472,584 Cash - restricted 1,689,576 78,936 1,768,512 Receivables (net of allowance for uncollectible accounts): Property taxes assessed 4,663,844 4,663,844 Other taxes 6,550,067 6,550,067 Other governments 190,425 190,425 Other 458,215 5,857 464,072 Inventory 266,174 266,174 Prepaid expenses 7,173 320 7,493 Interest receivable 43,417 43,417 Internal balances 8,846,456 (8,846,456) Rent receivable 349,075 349,075 Loans receivable: Collectible in more than one year 545,466 545,466 Capital assets not being depreciated 29,520,682 4,399,500 33,920,182 Capital assets being depreciated, net of accumulated depreciation 110,953,561 6,490,672 117,444,233 Total Assets 247,136,973 Liabilities: Accounts payable Due to other governments Retainage payable Accrued salaries and wages Interest payable Other unearned revenue Deposits payable Compensated absences: Due within one year Due in more than one year Bonds payable: Due within one year Due in more than one year 2,622,708 394,429 620,442 341,460 45,185 2,350,805 205,977 567,103 991,720 515,000 8,810,663 Total Liabilities 17,465,492 Deferred Inflow of Resources: Unavailable property taxes Total Deferred Inflow of Resources 4,999,569 252,136,542 48,128 37,032 43,415 1,327 78,934 23,429 54,668 2,670,836 394,429 620,442 378,492 88,600 2,352,132 284,911 590,532 1,046,388 515,000 8,810,663 286,933 17,752,425 4,663,845 4,663,845 4,663,845 4,663,845 Net Position: Net investment in capital assets 131,148,580 Restricted for: Emergencies 1,977,900 Other purposes 14,527,420 Unrestricted 77,353,735 Total Net Position 225,007,635 2,943,716 1,768,920 134,092,296 1,977,900 14, 527,420 79,122,655 4,712,636 229,720,271 The accompanying notes are an integral part of these financial statements. 01 June 6, 2017 - Page 59 of 311 Town of Vail, Colorado Statement of Activies For the Year Ended December 31, 2016 Net (Expense) Revenue and Program Revenues Changes in Net Position Operating Capital Charges for Grants and Grants and Governmental Business -type Expenses Services Contributions Contributions Activities Activities Total Governmental Activities: General government 7,527,645 3,126,889 1,202,608 - (3,198,148) (3,198,148) Public safety 10,549,407 268,846 - - (10,280,561) (10,280,561) Public work and transportation 19,216,959 5,368,265 928,942 26,786 (12,892,966) (12,892,966) Culture and recreation 10,190,109 163,301 203,833 - (9,822,975) (9,822,975) Economic development 6,703,946 383,532 - 168,246 (6,152,168) (6,152,168) Interest on long-term debt 558,026 - - - (558,026) (558,026) Total Governmental Activities 54,746,092 9,310,833 2,335,383 195,032 (42,904,844) (42,904,844) Business -type Activities: Dispatch services Housing (Timber Ridge) Total Business -type Activities 2,574,483 951,057 3,525,540 1,839,177 1,454,057 770,740 - 35,434 35,434 503,000 503,000 3,293,234 770,740 538,434 538,434 Totals 58,271,632 12,604,067 3,106,123 195,032 (42,904,844) 538,434 (42,366,410) General Revenues: Taxes: Sales and use taxes 28,686,296 - 28,686,296 Real estate transfer taxes 6,843,355 - 6,843,355 Lodging taxes 3,198,625 - 3,198,625 Property and specific ownership taxes 8,879,103 - 8,879,103 Ski area lift ticket admissions tax 5,032,970 - 5,032,970 Franchise taxes 1,086,149 - 1,086,149 Cigarette taxes 75,376 - 75,376 Investment earnings 323,541 1,818 325,359 Gain (loss) on disposal of capital assets (173,357) - (173,357) Miscellaneous 907,743 27,047 934,790 Total General Revenues and Transfers 54,859,801 28,865 54,888,666 Change in Net Position Net Position - January 1 Net Position - December 31 11,954,957 213,052,678 225,007,635 The accompanying notes are an integral part of these financial statements. C2 567,299 12,522,256 4,145,337 217,198,015 4,712,636 229,720,271 June 6, 2017 - Page 60 of 311 FUND FINANCIAL STATEMENTS June 6, 2017 - Page 61 of 311 Town of Vail, Colorado Balance Sheet Governmental Funds December 31, 2016 Real Estate Conference Vail Vail Local Vail Capital Total General Transfer Tax Center Marketing Marketing Reinvestment Projects Governmental Fund Fund Fund Fund District Authority Fund Funds Assets: Equity in pooled cash and investments 21,899,479 11,290,854 Cash and cash equivalents - Unrestricted 14,071 - Cash and cash equivalents - Restricted Receivables, net of allowance for uncollectible accounts: Property taxes assessed 4,663,844 Other taxes 5,837,675 120,436 Other governments 190,425 Other 260,542 Due from other funds - 294,664 Loans receivable 545,466 - Prepaid expenses 3,300 Total Assets 33,154,260 11,966,496 334,320 - - 36,372,956 69,897,609 1,056,887 6,444,960 - 7,515,918 1,415,782 1,415,782 4,663,844 578,565 13,391 6,550,067 190,425 196,408 456,950 3,251,399 3,546,063 8,846,456 9,391,922 3,873 - 7,173 334,320 1,639,325 7,860,742 48,680,610 103,635,753 Liabilities and Fund Equity: Liabilities: Accounts payable 536,676 160,891 48,591 2,530 1,227,671 1,976,359 Due to other governments 885 1,313 392,231 394,429 Due to other funds - 3,546,063 - 3,546,063 Retainage payable - 466,000 - 154,442 620,442 Accrued payroll and related liabilities 322,083 322,083 Unearned revenue 124,534 82,007 74,868 2,069,396 2,350,805 Deposits payable 205,977 - - - 205,977 Total Liabilities 1,190,155 710,211 74,868 48,591 3,548,593 3,843,740 9,416,158 Deferred Inflows of Resources: Property taxes 4,663,845 4,663,845 Total Deferred Inflows of Resources 4,663,845 4,663,845 Fund Balances: Non -spendable 548,766 - - 3,873 - 8,846,456 9,399,095 Restricted 1,996,216 11,256,285 259,452 97,000 2,896,367 - 16,505,320 Committed 9,757,476 - 1,489,861 31,730,894 42,978,231 Assigned - 1,415,782 4,259,520 5,675,302 Unassigned 14,997,802 - - 14,997,802 Total Fund Balances 27,300,260 11,256,285 259,452 1,590,734 4,312,149 44,836,870 89,555,750 Total Liabilities and Fund Balances 33,154,260 11,966,496 334,320 1,639,325 7,860,742 48,680,610 Amounts reported for governmental activities in the Statement of Net Position are different because: Capital assets used in governmental activities are not financial resources and, therefore, are not reported in the funds. 136,438,755 Other long-term assets and unearned charges are not available for current period expenditures and, therefore, are not reported in the funds. 317,209 Internal service funds are used by management to charge the costs of heavy equipment and health insurance to individual funds. The assets and liabilities of the internal service funds are included in governmental activities in the Statement of Net Position. 9,567,184 Long-term liabilities, including bonds payable, interest payable, and compensated absences within governmental activities are not due and payable in the current period and, therefore, are not reported in the funds. (10,871,263) Net Position of Governmental Activities 225,007,635 The accompanying notes are an integral part of these financial statements. C3 June 6, 2017 - Page 62 of 311 Town of Vail, Colorado Statement of Revenues, Expenditures Changes in Fund Balances Governmental Funds For the Year Ended December 31, 2016 Real Estate Conference Vail Vail Local Vail Capital Total General Transfer Tax Center Marketing Marketing Reinvestment Projects Governmental Fund Fund Fund Fund District Authority Fund Funds Revenues: Taxes 26,972,013 6,843,356 - - 3,198,625 3,959,506 11,912,793 52,886,293 Permits and licenses 1,672,684 - 383,532 - - 2,056,216 Intergovernmental revenue 2,065,278 29,658 150,856 2,245,792 Charges for services 7,471,910 145,835 - 165,890 7,783,635 Investment income 83,624 47,876 793 390 2,062 184,147 318,892 Interest subsidy - - - 168,246 - 168,246 Miscellaneous 181,178 1,330,609 1,332 - 808,122 2,321,241 Total Revenues 38,446,687 8,397,334 384,325 3,200,347 4,129,814 13,221,808 67,780,315 Expenditures: General government 7,251,660 - 7,251,660 Public safety 9,623,838 201,638 - 9,825,476 Public works and transportation 13,997,058 12,844,327 12,178,634 39,020,019 Culture and recreation 1,192,863 2,187,267 - - - - 3,380,130 Economic development 2,708,603 - 328,136 3,161,811 650,575 6,849,125 Debt service: Principal 500,000 500,000 Interest 564,928 564,928 Total Expenditures 34,774,022 15,233,232 328,136 3,161,811 1,715,503 12,178,634 67,391,338 Excess (Deficiency) of Revenues Over Expenditures 3,672,665 (6,835,898) 56,189 38,536 2,414,311 1,043,174 388,977 Other Financing Sources (Uses): Sale of assets 5,086 - - 5,086 Transfers in 294,664 - 3,251,399 3,546,063 Transfers (out) - (3,546,063) (3,546,063) Total Other Financing Sources (Uses) 5,086 294,664 (3,546,063) 3,251,399 5,086 Net Change in Fund Balances 3,677,751 (6,541,234) 56,189 38,536 (1,131,752) 4,294,573 394,063 Fund Balances - January 1 23,622,509 17,797,519 203,263 1,552,198 5,443,901 40,542,297 89,161,687 Fund Balances - December 31 27,300,260 11,256,285 259,452 1,590,734 4,312,149 44,836,870 89,555,750 Net Change in Fund Balances of Governmental Funds 394,063 Amounts reported for governmental activities in the Statement of Activities are different because: Governmental funds report capital outlays as expenditures. However, in the Statement of Activities, the cost of those assets is allocated over their estimated useful lives as depreciation expense. This is the amount by which capital outlay exceeded depreciation expense, net of disposals for the year. Internal service funds are used by management to charge the cost of heavy equipment and health insurance to individual funds. This is the amount of internal service fund change in net position for the year. Repayment of bond and lease principal are expenditures in the governmental funds, but the repayment reduces long-term liabilities in the Statement of Net Position. This is the amount of principal repayments. 11,902,136 479,436 500,000 Revenues in the Statement of Activities that do not provide current financial resources are not reported as revenues in the funds. (1,184,534) Some expenses reported in the Statement of Activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds. (136,144) Change in Net Position of Governmental Activities 11,954,957 The accompanying notes are in integral part of these financial statements. C4 June 6, 2017 - Page 63 of 311 Town of Vail, Colorado Proprietary Funds Statement of Net Position December 31, 2016 Business -type Activities Enterprise Fund - Dispatch Enterprise Fund - Services Timber Ridge Fund TOTAL Governmental Activities - Internal Service Funds Assets: Current Assets: Equity in pooled cash and investments - 1,564,999 1,564,999 5,988,390 Cash and cash equivalents - Unrestricted 956,666 - 956,666 Accounts receivable, net of allowance for uncollectibles 5,857 - 5,857 1,265 Inventory 266,174 Prepaid expenses 320 - 320 Total Current Assets 962,843 1,564,999 2,527,842 6,255,829 Non-current Assets: Cash and cash equivalents - Restricted 78,936 - 78,936 Rent receivable 349,075 349,075 Property, plant, and equipment, net of accumulated depreciation 10,275,220 614,952 10,890,172 4,035,488 Total Non-current Assets 10,703,231 614,952 11,318,183 4,035,488 Total Assets Liabilities: Current Liabilities: Accounts payable Deposits payable Unearned revenue Accrued interest payable Accrued salaries and wages Current portion of compensated absences Total Current Liabilities 11,666,074 2,179,951 13, 846, 025 10, 291, 317 41,573 6,555 48,128 78,934 - 78,934 1,327 - 1,327 43,415 - 43,415 - 37,032 37,032 23,429 23,429 165,249 67,016 646,349 19,377 17,522 232,265 683,248 Non-current Liabilities: Notes payable 8,846,456 - 8,846,456 Compensated absences, net of current portion - 54,668 54,668 40,885 Total Non-current Liabilities 8,846,456 54,668 8,901,124 40,885 Total Liabilities 9,011,705 121,684 9,133, 389 724,133 Net Position: Net investment in capital assets 2,328,764 614,952 2,943,716 4,035,488 Unrestricted 325,605 1,443,315 1,768,920 5,531,696 Total Net Position 2,654,369 2,058,267 4,712,636 9,567,184 The accompanying notes are an integral part of these financial statements. C5 June 6, 2017 - Page 64 of 311 Town of Vail, Colorado Proprietary Funds Statement of Revenues, Expenses and Changes in Fund Net Position For the Year Ended December 31, 2016 Business -type Activities Enterprise Fund - Dispatch Enterprise Fund - Services Timber Ridge Fund TOTAL Governmental Activities - Internal Service Funds Operating Revenues: Charges for services - Internal 663,214 663,214 6,368,208 Charges for services - External 1,175,963 1,175,963 677,553 Rent 1,298,908 1,298,908 - Ground lease 155,149 155,149 - Insurance reimbursements - - - 48,364 Other 27,047 28,112 55,159 13,069 Total Operating Revenues 1,481,104 1,867,289 3,348,393 7,107,194 Operating Expenses: Operations 490,178 2,421,395 2,911,573 2,323,463 Health claims and premiums - - - 3,770,315 Depreciation 327,737 153,087 480,824 738,022 Total Operating Expenses 817,915 2,574,482 3,392,397 6,831,800 Operating Income (Loss) 663,189 (707,193) (44,004) 275,394 Non -Operating Revenues (Expenses): Intergovernmental revenues 742,627 742,627 - Gain (loss) on disposal of assets - - 20,859 Investment income 766 1,052 1,818 6,876 Interest expense (133,142) - (133,142) - Total Non -Operating Revenues (Expenses) (132,376) 743,679 611,303 27,735 Income (Loss) Before Capital Contributions 530,813 36,486 567,299 303,129 Capital Contributions, Net 176,307 Change in Net Position 530,813 36,486 567,299 479,436 Net Position - January 1 2,123,556 2,021,781 4,145,337 9,087,748 Net Position - December 31 2,654,369 2,058,267 4,712,636 9,567,184 The accompanying notes are an integral part of these financial statements. C6 June 6, 2017 - Page 65 of 311 Town of Vail, Colorado Proprietary Funds Statement of Cash Flows For the Year Ended December 31, 2016 Cash Flows From Operating Activities: Cash received from other funds Cash received from tenants for rent Cash received from (refunded to) tenants for security deposits, net Other cash receipts Cash paid for goods and services Cash paid to employees Net Cash Provided (Used) by Operating Activities Cash Flows From Non -Capital Financing Activities: Transfer from (to) other funds Cash received from operating grants Net Cash Provided by Non -Capital Financing Activities Cash Flows From Capital and Related Financing Activities: Cash received on disposal of fixed assets Interest paid Acquisition and construction of capital assets Net Cash (Used) by Capital and Related Financing Activities Cash Flows From Investing Activities: Interest on investments Net Cash Provided by Investing Activities Net Increase (Decrease) in Cash and Cash Equivalents Cash and Cash Equivalents - January 1 Cash and Cash Equivalents - December 31 Cash and Cash Equivalents at December 31 is Comprised of: Equity in pooled cash and investments Cash and cash equivalents - Unrestricted Cash and cash equivalents - Restricted Total - Cash and Cash Equivalents Reconciliation of Operating Income (Loss) to Net Cash Provided (Used) by Operating Activities: Operating Income/(Loss) Adjustments: Depreciation (Increase) decrease in accounts receivable (Increase) decrease in rent receivable (Increase) decrease in inventory (Increase) decrease in prepaid expenses Increase (decrease) in accounts payable Increase (decrease) in tenant security deposits Increase (decrease) in prepaid rent Increase (decrease) in other liabilities Increase (decreases) in accrued wages and benefits Total Adjustments Net Cash Provided (Used) by Operating Activities Business -type Activities Enterprise Fund - Dispatch Enterprise Fund - Services Timber Ridge Fund 1,296,239 (1,411) 36,932 (463,714) 868,046 (356,423) (356,423) (135,370) (207,337) (342,707) 766 766 169,682 865,920 1,035,602 956,666 78,936 1,035,602 663,189 327,737 9,885 (155,149) 11 (6,622) (1,411) (2,669) 33,075 204,857 868,046 Governmental Activities - Internal TOTAL Service Funds 663,214 663,214 1,296,239 (1,411) 1,341,287 1,378,219 (473,428) (937,142) (1,963,320) (1,963,320) (432,247) 435,799 742,627 742,627 1,052 1,052 311,432 1,253,567 1,564, 999 1,564,999 1,564,999 (707,193) 153,087 137,212 (3,668) (1,000) (10,685) 274,946 (432,247) The accompanying notes are an integral part of these financial statements. C7 (356,423) 742,627 386,204 (135,370) (207,337) (342,707) 1,818 1,818 481,114 2,119,487 2,600,601 1,564,999 956,666 78,936 2,600,601 6,368,208 845,365 (4,890,365) (1,056,214) 1,266,994 44,160 (792,451) (748,291) 6,876 6,876 525,579 5,462,811 5,988,390 5,988,390 5,988,390 (44,004) 275,394 480,824 738,022 147,097 106,379 (155,149) - (3,746) 11 - (10,290) 169,673 (1,411) - (2,669) - 32,075 (5,368) (10,685) (13,360) 479,803 991,600 435,799 1,266, 994 June 6, 2017 - Page 66 of 311 Town of Vail, Colorado Fiduciary Funds Statement of Fiduciary Net Position December 31, 2016 Assets: Cash and investments - Restricted Accounts receivable Loans to participants Total Assets Net Position: Held in trust for pension benefits and other purposes Total Net Position Deferred Pension Compensation Trust Plan 61,812,065 700 471,513 14,435,508 62,284,278 14,435,508 62,284,278 14,435,508 62,284,278 14,435,508 The accompanying notes are an integral part of these financial statements. C8 June 6, 2017 - Page 67 of 311 Town of Vail, Colorado Fiduciary Funds Statement of Changes in Fiduciary Net Position For the Year Ended December 31, 2016 Deferred Pension Compensation Trust Plan Additions: Contributions 3,068,471 790,681 Investment income (loss) 4,826,034 994,264 Total Additions 7,894,505 1,784,945 Deductions: Professional fees Benefits paid Total Deductions 5,093 1,934,707 414 644,196 1,939,800 644,610 Change in Net Position 5,954,705 1,140,335 Net Position - January 1 56,329,573 13,295,173 Net Position - December 31 62,284,278 14,435,508 The accompanying notes are an integral part of these financial statements C9 June 6, 2017 - Page 68 of 311 NOTES TO THE FINANCIAL STATEMENTS June 6, 2017 - Page 69 of 311 Town of Vail, Colorado Notes to the Financial Statements December 31, 2016 I. Summary of Significant Accounting Policies The Town of Vail, Colorado (the "Town") was incorporated in 1972, under the provisions of Article XX of the Colorado Constitution and Municipal Home Rule Act of 1971. The Town operates under a Council -Manager form of government. The Town's major operations include public safety, public works and transportation, culture and recreation, economic development, administration (general government), and housing. The Town's financial statements are prepared in accordance with generally accepted accounting principles ("GAAP"). The Governmental Accounting Standards Board ("GASB") is responsible for establishing GAAP for state and local governments through its pronouncements (Statements and Interpretations). The more significant accounting policies established by GAAP used by the Town are discussed below. A. Reporting Entity The reporting entity consists of (a) the primary government; i.e., the Town, and (b) organizations for which the Town is financially accountable. The Town is considered financially accountable for legally separate organizations if it is able to appoint a voting majority of an organization's governing body and is either able to impose its will on that organization or there is a potential for the organization to provide specific financial benefits to, or to impose specific financial burdens on, the Town. Consideration is also given to other organizations which are fiscally dependent; i.e., unable to adopt a budget, levy taxes, or issue debt without approval by the Town. Organizations for which the nature and significance of their relationship with the Town are such that exclusion would cause the reporting entity's financial statements to be misleading or incomplete are also included in the reporting entity. The accompanying financial statements present the primary government and its component units; entities for which the government is considered to be financially accountable. Blended component units, although legally separate entities, are, in substance, part of the Town's operations. There are two blended component units reported in the Town's financial statements: Vail Local Marketing District (the "District"), and Vail Reinvestment Authority (the "Authority"). The financial statements of these entities can be obtained from the Town's administrative offices. A third blended component unit, Town of Vail General Improvement District No. 1, is a dormant entity and, therefore, has no financial statements to report. 1. Vail Local Marketing District The District was authorized on November 2, 1999 by a general election that established a 1.4% tax on lodging within the Town's boundaries, beginning January 1, 2000. Proceeds from the tax are to be used for organization, management, promotion, and marketing of public events, for business recruitment, and for tourism promotion. Town Council members also act as the District's Board of Directors. The District is reported as a special revenue fund. D1 June 6, 2017 - Page 70 of 311 Town of Vail, Colorado Notes to the Financial Statements December 31, 2016 (Continued) I. Summary of Significant Accounting Policies (continued) A. Reporting Entity (continued) 2. Vail Reinvestment Authority The Authority was created on November 4, 2003 pursuant to the Colorado Urban Renewal Law (C.R.S. 31-25-1) to oversee development and redevelopment of identified blighted areas within the Town. The Town Council approved the formation of the Authority at a public hearing, and filed applicable certification of compliance with the Division of Local Government. Its operations are governed by a Board of Commissioners comprised solely of members of the Town Council. The Authority is reported as a special revenue fund. 3. Town of Vail General Improvement District No. 1 On October 3, 2006, the Town Council accepted a petition requesting formation of Town of Vail General Improvement District No. 1. The District is a public, or quasi -municipal, subdivision of the state of Colorado and a body corporate with the powers set forth in Part 6, Article 25, Title 31 of the Colorado Revised Statutes. The Town Council is the ex -officio Board of Directors of the District. Services provided by the District include (a) programming, regulating, and generally administering public functions to be conducted on the public plaza which will be constructed as part of the Solaris redevelopment project and (b) maintaining the plaza to the extent that the Solaris Metropolitan District fails to do so. At a special election on November 7, 2006, the eligible electors of the District authorized imposition of a mill levy of not more than fifteen mills in any year for the purpose of funding the administration, operation, and maintenance of the District's facilities should the Solaris Metropolitan District fail to do so. As of December 31, 2016, the District had not begun operations or imposed a mill levy, resulting in no financial statements to be reported. B. Government -wide and Fund Financial Statements The Town's basic financial statements include both government -wide (reporting the Town as a whole) and fund financial statements (reporting the Town's major funds). Government -wide financial statements report on information of all of the non -fiduciary activities of the Town and its component units. Both the government -wide and fund financial statements categorize primary activities as either governmental or business - type. The Town's public safety, public works and transportation, culture and recreation, economic development, and administration functions are classified as governmental activities. Timber Ridge and emergency dispatch services of the Town are classified as business -type activities. The government -wide Statement of Activities reports both the gross and net cost of each of the Town's governmental functions and business -type activities. The governmental functions are also supported by general government revenues (sales taxes, property and specific ownership taxes, investment earnings, etc.). The Statement of Activities reduces gross expenses (including depreciation) by related program revenues, operating and capital grants. D2 June 6, 2017 - Page 71 of 311 Town of Vail, Colorado Notes to the Financial Statements December 31, 2016 (Continued) I. Summary of Significant Accounting Policies (continued) B. Government -wide and Fund Financial Statements (continued) Program revenues must be directly associated with the governmental function or a business -type activity. Operating grants include operating -specific and discretionary (either operating or capital) grants while the capital grants column reflects capital -specific grants. The government -wide focus is on the sustainability of the Town as an entity and the change in the Town's net assets resulting from the current year's activities. C. Fund Financial Statements The financial transactions of the Town are reported in individual funds in the fund financial statements. Each fund is accounted for by providing a separate set of self - balancing accounts that comprises its assets, liabilities, fund equity, revenues and expenditures / expenses. The fund focus is on current available resources and budget compliance. The Town reports the following major governmental funds: The General Fund is the Town's primary operating fund. It accounts for all financial resources of the Town, except those required to be accounted for in another fund. Resources restricted within this fund relate to TABOR reserve requirements (see Note III.C) and Police Confiscation funds. The Capital Projects Fund accounts for and reports financial resources that are restricted by outside parties (i.e., a portion of the Town's sales tax as well as restricted intergovernmental grants and awards received) as well as amounts committed by Council for expenditures of capital outlay, including the acquisition or construction of capital facilities and other capital assets. It excludes those types of capital -related cash outflows financed by proprietary funds or for assets that will be held in trust for individuals, private organizations, or other governments. The Real Estate Transfer Tax Fund is used to account for the collection of a real estate transfer tax which is specifically restricted per Town ordinance for acquiring, maintaining, and improving real property for parks, recreation, open space and for supporting sustainable environmental practices. The Conference Center Fund was established to account for the collection of a sales tax and public accommodations tax which were specifically restricted for the financing of the construction and operations of a conference center in the Town. The Conference Center taxes were rescinded by election in November 2005. Voters elected in November 2011 to authorize use of the funds for specific capital projects including the clubhouse at the Vail golf course and Nordic center, the Ford Park athletic fields, and improvements to the Gerald R. Ford amphitheater. Work began on these projects during 2012 and continued through 2015. At the end of 2015, the remaining fund balance was transferred to the Real Estate Transfer Tax fund for project completions. In 2016 the Conference Center Fund was inactive. D3 June 6, 2017 - Page 72 of 311 Town of Vail, Colorado Notes to the Financial Statements December 31, 2016 (Continued) I. Summary of Significant Accounting Policies (continued) C. Fund Financial Statements (continued) The Vail Marketing Fund accounts for the collection of business license fees which are specifically restricted for expenditures related to the marketing of the Town. The Vail Local Marketing District accounts for collection of lodging taxes, which are restricted for use for the activities of the District. The Vail Reinvestment Authority accounts for the collection of Tax Increment Financing revenues which are restricted for use for the activities of the Authority. The Town reports the following major proprietary or business -type funds: The Timber Ridge Enterprise Fund ("Timber Ridge") accounts for the activities of the 198 -unit rental housing project located in the Town (the "Project"). The Dispatch Services Fund accounts for the emergency dispatch services provided by the Town within Eagle County, Colorado. Additionally, the Town reports the following fund types: Internal service funds account for the repair and maintenance costs and purchase of Town vehicles and equipment, excluding buses and fire trucks. In addition, internal service funds are used to account for the health insurance plan provided to Town employees. Trust funds are used to account for the accumulation of resources for pension benefit payments to qualified Town employees and to account for assets held for employees in accordance with the provisions of Internal Revenue Code section 457. No budget is adopted for the Town's trust funds. D. Measurement Focus, Basis of Accounting, and Financial Statement Presentation Measurement focus refers to whether financial statements measure changes in current resources only (current financial focus) or changes in both current and long-term resources (long-term economic focus). Basis of accounting refers to the point at which revenues, expenditures, or expenses are recognized in the accounts and reported in the financial statements. Financial statement presentation refers to classification of revenues by source and expenses by function. D4 June 6, 2017 - Page 73 of 311 Town of Vail, Colorado Notes to the Financial Statements December 31, 2016 (Continued) I. Summary of Significant Accounting Policies (continued) D. Measurement Focus, Basis of Accounting, and Financial Statement Presentation (continued) 1. Long-term Economic Focus and Accrual Basis Both governmental and business -type activities in the government -wide financial statements and the proprietary and fiduciary fund financial statements use the long-term economic focus and are presented on the accrual basis of accounting. Revenues are recognized when earned and expenses are recognized when incurred, regardless of the timing of the related cash flows. On an accrual basis, revenue from property taxes is recognized in the fiscal year for which the taxes are levied. Revenue from grants and donations are recognized in the fiscal year in which all eligibility requirements have been satisfied. 2. Current Financial Focus and Modified Accrual Basis The governmental fund financial statements use the current financial focus and are presented on the modified accrual basis of accounting. Under the modified accrual basis of accounting, revenues are recorded when susceptible to accrual; i.e., both measurable and available. The Town considers all revenues reported in the governmental funds to be available if they are collected within sixty days after year-end. Expenditures are recorded when the related fund liability is incurred, except for principal and interest on general long-term debt, claims and judgments, and compensated absences, which are recognized as expenditures when due. General capital asset acquisitions are reported as expenditures in governmental funds. Proceeds of general long-term liabilities and acquisitions under capital leases are reported as other financing sources. 3. Financial Statement Presentation As a general rule the effect of interfund activity has been eliminated from the government -wide financial statements. Exceptions to this rule are payments where the amounts are reasonably equivalent to the value of the interfund services provided and other charges between the various functions of the Town. Elimination of these charges would distort the direct costs and program revenues are reported. Amounts reported as program revenues include 1) charges to customers and applicants for goods, services or privileges provided, 2) operating grants and contributions and 3) capital grants and contributions, including special assessments. Internally dedicated resources are reported as general revenues rather than as program revenues. Likewise, general revenues include all taxes. Proprietary funds distinguish operating revenues and expenses from non- operating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with a proprietary fund's principal ongoing operations. The principal operating revenue of the Town's enterprise funds are rents from individuals employed in the Town and charges for services related to emergency dispatch. Operating expenses for the enterprise fund includes operating expenses and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as non-operating revenues and expenses. D5 June 6, 2017 - Page 74 of 311 Town of Vail, Colorado Notes to the Financial Statements December 31, 2016 (Continued) I. Summary of Significant Accounting Policies (continued) E. Financial Statement Accounts Presentation 1. Equity in Pooled Cash and Investments The Town has a policy of central cash management whereby cash balances of each of the Town's funds are pooled in and invested in certain investments for all funds except the Pension Trust Fund and the Deferred Compensation Plan Fund. Additionally, the component units do not participate in the Town's central cash management. Equity in pooled cash and investments include demand deposits, short-term investments with original maturities of three months or less from the date of acquisition, and long-term investments in U.S. government obligations. Investments are stated at fair market value. 2. Cash, Cash Equivalents, and Investments Cash and cash equivalents include cash on hand and investments with original maturities of three months or less from the date of acquisition. Cash equivalents are both readily convertible to cash and are so near their maturity they present insignificant risk of change in value due to interest rate changes. Restricted cash and cash equivalents represent certain proceeds of debt issuances, as well as certain resources set aside for their repayments because their use is limited by the applicable covenants. Restricted assets also include certain deposits that have been limited as to usage pursuant to escrow and similar agreements. Investments are stated at fair value. The change in fair value of investments is recognized as an increase or decrease to investment assets and investment income. The Town's investment policy permits investments in the following types of obligations: • U.S. Treasury obligations • U.S. government agency securities • FDIC -insured certificates of deposit • Colorado investment pools • Money market mutual funds • Taxable municipal securities 3. Receivables Receivables are reported net of an allowance for uncollectible accounts. Loans receivable in governmental funds consist of housing and other loans that are generally not expected or scheduled to be collected in the subsequent year. D6 June 6, 2017 - Page 75 of 311 Town of Vail, Colorado Notes to the Financial Statements December 31, 2016 (Continued) I. Summary of Significant Accounting Policies (continued) E. Financial Statement Accounts (continued) 4. Inventory Inventory is valued at cost using the first -in / first -out (FIFO) method. Inventories of governmental funds are recorded as expenditures when consumed rather than when purchased. 5. Prepaid Items Payments to vendors that reflect costs applicable to future accounting periods are recorded as prepaid items in both government -wide and fund financial statements. 6. lnterfund Transactions Interfund services provided and used are accounted for as revenues, expenditures or expenses. Transactions that constitute reimbursements to a fund for expenditures or expenses initially made from it that are properly applicable to another fund, are recorded as "due from other funds" or "due to other funds" on the balance sheet when they are expected to be liquidated within one year. Any residual balances outstanding between the governmental activities and business -type activities are reported in the government -wide financial statements as "internal balances" 7. Capital Assets Capital assets, which include land, buildings, improvements, equipment, vehicles and infrastructure assets, are reported in the applicable governmental or business -type activity columns in the government -wide financial statements. Capital assets are defined by the Town as assets with an initial cost of $5,000 or more and an estimated useful life in excess of one year. Such assets are recorded at cost where historical records are available and at an estimated historical cost where no historical record exists. Donated capital assets are recorded at estimated fair market value at the date of donation. The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend asset lives are not capitalized. Improvements are capitalized and depreciated over the remaining useful lives of the related fixed assets, as applicable. Capital outlay for projects is capitalized as projects are constructed. Costs related to the construction of assets include interest, engineering, legal, surveying and landscaping that were incurred from the beginning of construction until the assets were substantially complete are capitalized. Capital assets (excluding land and art) are depreciated using the straight-line method, over the estimated useful life. D7 June 6, 2017 - Page 76 of 311 Town of Vail, Colorado Notes to the Financial Statements December 31, 2016 (Continued) I. Summary of Significant Accounting Policies (continued) E. Financial Statement Accounts (continued) 8. Compensated Absences Vested or accumulated vacation leave that is expected to be liquidated with expendable available financial resources is reported as expenditure and a fund liability of the governmental fund that will pay it. Amounts of vested or accumulated vacation leave that are not expected to be liquidated with expendable available financial resources are reported in the governmental activities column in the government -wide financial statements. Vested or accumulated vacation leave of the proprietary fund type is recorded as an expense and liability of that fund as the benefits accrue to employees. In accordance with the provisions of GASB Statement No. 16, Accounting for Compensated Absences, no liability is recorded for non -vesting accumulating rights to receive sick pay benefits. After the completion of ten years of full-time service, employees are eligible for a cash or gift benefit. The estimated liability for all eligible employees is recorded in governmental activities in the Statement of Net Position, as a component of compensated absences. 9. Deferred Outflows and Inflows of Resources Deferred outflows of resources represent a consumption of net position that applies to a future period and so will not be recognized as an outflow of resources (expenses/expenditures) until then. The Town has no items that qualify for reporting under this category on the government -wide Statement of Net Position. Deferred inflows of resources represent an acquisition of net position that applies to a future period and so will not be recognized as an inflow of resources (revenue) until that time. The Town has only one item that qualifies for reporting in this category, unavailable revenue from property taxes, reported in the governmental balance sheet and on the Statement of Net Position. Property taxes are assessed in one year as a lien on the property, but not collected by the governmental unit until the subsequent year. Therefore, these amounts are deferred and recognized as an inflow from resources in the period that amounts become available. 10. Bond Premiums and Discounts Bonds payable are reported net of the applicable bond premium or discount. No amortization was taken on these premiums or discounts in the first year. These premiums and discounts are amortized over the life of the applicable bonds using the bond outstanding method. 11. Unearned Revenue For governmental funds, unearned revenues arise when potential revenue does not meet both the "measurable" and "available" criteria for recognition in the current period. For proprietary funds, unearned revenues arise when potential revenue is unearned. In subsequent periods, when revenue recognition criteria are met, or when the Town has legal claim to the resources, the liability for unearned revenue is removed and revenue is recognized. D8 June 6, 2017 - Page 77 of 311 Town of Vail, Colorado Notes to the Financial Statements December 31, 2016 (Continued) I. Summary of Significant Accounting Policies (continued) E. Financial Statement Accounts (continued) 12. Fund Equity Governmental accounting standards establish fund balance classifications that comprise a hierarchy based primarily on the extent to which a government is bound to observe constraints imposed upon the use of the resources reported in governmental funds. Fund balance classifications include Non -spendable, Restricted, Committed, Assigned, and Unassigned. These classifications reflect not only the nature of the funds, but also provide clarity to the level of restriction placed upon fund balance. Fund balance can have different levels of restraint, such as external versus internal compliance requirements. Unassigned fund balance is a residual classification within the General Fund. The General Fund should be the only fund that reports a positive unassigned balance. In all other funds, unassigned is limited to negative residual fund balance. For further details of the various fund balance classifications refer to Note IV.K. F. Significant Accounting Policies 1. Use of Estimates The preparation of financial statements in conformity with GAAP requires the Town's management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amount of revenues and expenditures or expenses during the reporting period. Actual results could differ from those estimates. 2. Credit Risk The receivables of the various funds of the Town are primarily due from other governments. Management believes that the credit risk related to the receivables is minimal. 3. Restricted and Unrestricted Resources When both restricted and unrestricted resources are available for use, it is the government's policy to use restricted resources first, then unrestricted resources as they are needed. II. Reconciliation of Government -wide and Fund Financial Statements A. Explanation of Certain Differences Between the Governmental Fund Balance Sheet and the Government -wide Statement of Net Position The governmental fund Balance Sheet includes reconciliation between the fund balance of total governmental funds and net position of governmental activities as reported in the government -wide Statement of Net Position. One element of that reconciliation explains "Capital assets used in governmental activities are not financial resources and therefore are not reported in the funds". This $136,438,755 difference is related to property, plant and equipment of $316,987,898 less accumulated depreciation of $180,549,143. D9 June 6, 2017 - Page 78 of 311 Town of Vail, Colorado Notes to the Financial Statements December 31, 2016 (Continued) II. Reconciliation of Government -wide and Fund Financial Statements (continued) A. Explanation of Certain Differences Between the Governmental Fund Balance Sheet and the Government -wide Statement of Net Position (continued) Another element of that reconciliation explains "Other long-term assets and unearned charges are not available for current period expenditures and therefore are not reported in the funds". This $317,209 difference is comprised of pension forfeitures of $273,793 and interest receivable of $43,416. Net assets totaling $9,567,184 of internal service funds used by management to charge the costs of heavy equipment and health insurance to individual funds are included in the governmental activities in the Statement of Net Position. Additionally, the reconciliation states that long-term liabilities are not due and payable in the current period and, therefore, are not reported in the funds. This $10,871,263 difference is related to bonds and notes payable of $9,320,000; accrued compensated absences of $1,500,415; premium on issued debt of $5,663; and interest payable of $45,185. B. Explanation of Certain Differences Between the Governmental Fund Statement of Revenue, Expenditures and Changes in Fund Balances and the Government -wide Statement of Activities The governmental fund Statement of Revenues, Expenditures and Changes in Fund Balances includes reconciliation between net change in fund balances of governmental funds and changes in net assets of governmental activities as reported in the government -wide Statement of Activities. One element of that reconciliation explains "Governmental funds report capital outlays as expenditures. However, in the Statement of Activities, the cost of those assets is allocated over their estimated useful lives as depreciation expense." The details of this $11,902,136 difference are comprised of capital outlay of $19,512,644 less depreciation expense of $7,411,205; and a loss on the disposal of assets of $199,303. III. Stewardship, Compliance, and Accountability A. Budgetary Information An annual budget and appropriation ordinance is adopted by Town Council in accordance with the Town's Home Rule Charter. Budgets are prepared on the basis of GAAP for all funds except the Heavy Equipment Fund, Timber Ridge Enterprise Fund, and Dispatch Services Fund. As required by Colorado Statutes, all funds have legally adopted budgets and appropriations. The total expenditures for each fund may not exceed the amounts appropriated. Appropriations for a fund may be increased if unanticipated revenues offset them. All appropriations lapse at year-end. D10 June 6, 2017 - Page 79 of 311 Town of Vail, Colorado Notes to the Financial Statements December 31, 2016 (Continued) III. Stewardship, Compliance, and Accountability (continued) A. Budgetary Information (continued) The budgets for these funds have been adopted on a non -GAAP budget and are reconciled to GAAP below: Change in Net Position - Budget Basis add/(less): Contribution from Capital Projects Fund Loan principal repayment to Capital Projects Fund Change in compensated absences Capitalized assets Depreciation Net book value of disposed assets Heavy Timber Ridge Dispatch Equipment Enterprise Services Fund Fund Fund $ (77,136) $ 294,790 $ 205,027 176,307 (5,018) 972,958 (738,022) (27,501) 356,423 (15,454) 207,337 (327,737) (153,087) Change in Net Position - GAAP Basis $ 301,588 $ 530,813 $ 36,486 The Town followed these procedures in preparing, approving, and enacting its budget for 2016. 1) For the 2016 budget year, prior to August 25, 2015, the County Assessor sent the Town a certified assessed valuation of all taxable property within the Town's boundaries. 2) Prior to the end of the 2015 fiscal year, the Town Manager submitted to the Town Council a budget and accompanying message. 3) Prior to December 15, 2015, the Town computed and certified to the County Commissioners a levy rate that derived the necessary property taxes as computed in the proposed budget. 4) After a required publication of "Notice of Proposed Budget", the Town adopted the proposed budget and an appropriation ordinance which legally appropriated expenditures for the upcoming year. 5) After adoption of the budget ordinance, the Town may make the following changes: a) transfer appropriated money between funds; b) approve supplemental appropriations to the extent of revenues in excess of those estimated in the budget; c) approve emergency appropriations; and d) reduce appropriations for which originally estimated revenues are insufficient. Taxes levied in one year are collected in the succeeding year. Thus, taxes certified in 2015 were collected in 2016 and taxes certified in 2016 will be collected in 2017. Taxes are due on January 1 in the year of collection; however, they may be paid in either one installment (no later than April 30) or two equal installments (not later than February 28 and June 15) without interest or penalty. Taxes that are not paid within the prescribed time bear interest at the rate of one percent (1 %) per month until paid. Unpaid amounts and the accrued interest thereon become delinquent on June 16. During the year, supplemental appropriations were necessary. The budgetary comparison statements reflect the original budget and the final budget after legally authorized revisions were made. D11 June 6, 2017 - Page 80 of 311 Town of Vail, Colorado Notes to the Financial Statements December 31, 2016 (Continued) III. Stewardship, Compliance, and Accountability (continued) B. Budgetary Information — Vail Local Marketing District The District's budget timetable varies from the Town's. The District followed these procedures in preparing, approving, and enacting its budget for 2016. 1) On or before September 30, 2016, the District must submit to the Board a recommended budget that details the revenues necessary to meet the District's operating requirements. This was done on September 1, 2015. 2) After appropriate public notice and a required public hearing, the Board must adopt the proposed budget and a resolution that legally appropriated expenditures for the upcoming year on or before December 5, 2015. The Board adopted the 2016 budget on October 6, 2015. 3) After adoption of the initial budget resolution, the District may make the following changes: a) approve supplemental appropriations to the extent of revenues in excess of those estimated in the budget; b) approve emergency appropriations; and c) reduce appropriations for which originally estimated revenues are insufficient. During the year, supplemental appropriations were necessary. The budgetary comparison statements reflect the original budget and the final budget after legally authorized revisions were made. C. TABOR Amendment In November 1992, Colorado voters amended Article X of the Colorado Constitution by adding Section 20, commonly known as the Taxpayer's Bill of Rights ("TABOR"). TABOR contains revenue, spending, tax and debt limitations that apply to the State of Colorado and local governments. TABOR requires, with certain exceptions, advance voter approval for any new tax, tax rate increase, mill levy above that for the prior year, extension of any expiring tax, or tax policy change directly causing a net tax revenue gain to any local government. Except for refinancing bonded debt at a lower interest rate or adding new employees to existing pension plans, TABOR requires advance voter approval for the creation of any multiple -fiscal year debt or other financial obligation unless adequate present cash reserves are pledged irrevocably and held for payments in all future fiscal years. TABOR also requires local governments to establish an emergency reserve to be used for declared emergencies only. Emergencies, as defined by TABOR, exclude economic conditions, revenue shortfalls, or salary or fringe benefit increases. The reserve is calculated at 3% of fiscal year spending for fiscal years ending after December 31, 1995. Fiscal year spending excludes bonded debt service and enterprise spending. The Town has reserved a portion of the December 31, 2016 fund balance in the General Fund for this purpose in the amount of $1,880,900 which is the approximate required reserve. The initial base for local government spending and revenue limits is December 31, 1992 fiscal year spending. Future spending and revenue limits are determined based on the prior year's fiscal year spending adjusted for inflation in the prior calendar year plus annual local growth. Fiscal year spending is generally defined as expenditures and reserve increases with certain exceptions. Revenue, if any, in excess of the fiscal year spending limit must be refunded in the next fiscal year unless voters approve retention of such revenue. D12 June 6, 2017 - Page 81 of 311 Town of Vail, Colorado Notes to the Financial Statements December 31, 2016 (Continued) III. Stewardship, Compliance, and Accountability (continued) C. TABOR Amendment (continued) On November 16, 1993, voters of the Town approved the collection and expenditure of all revenues generated, including reduction in debt service during 1993 and each subsequent year (not including revenue generated from ad valorem property taxes) without any increase in such tax rates and the expenditure of such revenues for debt service, municipal operations, and capital projects, effective January 1, 1994. On November 7, 2000, the Town's electorate approved the collection and expenditure of all revenues received from ad valorem property taxes levied in 2000 and thereafter. The remaining restrictions of the TABOR Amendment continue to apply, including: • Voter approval of all new taxes and tax rate increases; • Voter approval for new or additional Town debt; • No increase or imposition of a new real estate transfer tax; and, • All election requirements remain in effect. The Town's management believes it is in compliance with the financial provisions of TABOR. However, TABOR is complex and subject to interpretation. Many of its provisions, including the interpretation of how to calculate fiscal year spending limits, will require judicial interpretation. D. TABOR Amendment — Vail Local Marketing District As required by TABOR, the District has reserved $97,000 of its fund balance for emergencies, which is the approximate required reserve at December 31, 2016. The ballot question approved by District voters on November 2, 1999, which established the 1.4% tax on lodging within the Town's boundaries, also authorized the District to collect and spend the proceeds of the lodging tax, investment income, and all other revenues, without regard to the limitations imposed by TABOR, effective January 1, 2000. The District's management believes it is in compliance with the financial provisions of TABOR. However, TABOR is complex and subject to interpretation. Many of its provisions will require judicial interpretation. IV. Detailed Notes on all Funds A. Deposit and Investments Pursuant to its charter, the Town has adopted, by ordinance, an investment policy governing the types of institutions and investments with which it may deposit funds and transact business. Under the policy, the Town may invest in federally insured banks, debt obligations of the U.S. government, its agencies and instrumentalities, governmental mutual funds and pools including 2a7 -like pools, and repurchase agreements subject to policy requirements. The Town also accounts for the operations of the employees' pension plans that are administered by select employees acting as trustees who are governed by a trust agreement. The trust agreement gives the trustees considerable latitude with investment alternatives. As a result, all pension investments are considered legal under the trust agreement. D13 June 6, 2017 - Page 82 of 311 Town of Vail, Colorado Notes to the Financial Statements December 31, 2016 (Continued) IV. Detailed Notes on all Funds (continued) A. Deposit and Investments (continued) The Town's deposits and certificates of deposit are entirely covered by federal depository insurance (FDIC) or by collateral held under Colorado Public Deposit Protection Act ("PDPA"). The FDIC insures the first $250,000 of the Town's deposits at each financial institution. Deposit balances over $250,000 are collateralized as required by PDPA. As of year-end, the bank balance of the Town's deposits was $21,172,453. The difference between the bank balance and book balance is primarily due to deposits in transit or outstanding checks at December 31, 2016. Fair Value of Investments The Town measures and records its investments using fair value measurement guidelines established by generally accepted accounting principles. These guidelines recognize a three -tiered fair value hierarchy, as follows: • Level 1: Quoted prices for identical investments in active markets • Level 2: Observable inputs other than quoted market prices; and • Level 3: Unobservable inputs. At December 31, 2016, the Town had the following recurring fair value measurements: Fair Value Measurements Using Investments Measured at Fair Value: Total Level 1 Level 2 Level 3 Certificates of deposit $ 11,776,815 $ $11,776,815 $ U.S. government agency securities 17,941,528 17,941,528 Mortgage pools 11,339,773 11,339,773 Total $ 41, 058,116 $ - $29,718,343 $11,339,773 Investments Measured at Net Asset Value Colotrust $ 15,150,054 Debt and equity securities classified in Level 1 are valued using prices quoted in active markets for those securities. Debt and equity securities classified in Level 2 are valued using the following approaches: • U.S. Treasuries, U.S. government agency securities, and commercial paper: Quoted prices for identical securities in markets that are not active; • Negotiable certificates of deposit: Matrix pricing based on the securities' relationship to benchmark quoted prices. Debt securities — namely, mortgage pools — classified in Level 3, are valued using an appraisal service. Pools. The Town has invested in the Colorado Government Liquid Asset Trust ("Colotrust"), which is an investment vehicle established for local government entities in Colorado to pool surplus funds. Colotrust operates similarly to a money market fund and each share is equal in value to $1. Investments of the trusts consist of U.S. Treasury bills, notes and note strips, and repurchase agreements collateralized by U.S. Treasury securities. Colotrust is rated AAAm by Standard and Poor's. D14 June 6, 2017 - Page 83 of 311 Town of Vail, Colorado Notes to the Financial Statements December 31, 2016 (Continued) IV. Detailed Notes on all Funds (continued) A. Deposit and Investments (continued) Interest Rate Risk. As a means of limiting its exposure to interest rate risk, the Town diversifies its investments by security type and institution, and limits holdings in any one type of investment with any one issuer. The Town coordinates its investments maturities to closely match cash flow needs and invests primarily in securities with a maximum investment term less than five years from the purchase date. As a result of the limited length of maturities the Town has limited its interest rate risk. Credit Risk. The Town's general investment policy is to apply the prudent -person rule; investments are made as a prudent person would be expected to act, with discretion and intelligence, to seek reasonable income, preserve capital, and, in general, avoid speculative investments. Concentration of Credit Risk. The Town diversifies its investments by security type and institution. Credit quality distribution for investments, with credit exposure as a percentage of total investments are as follows at year end: Investment Type Colotrust Rating Percentage AAAm 17% At year end, the Town had the following investments and maturities: Type Deposits: Cash on hand Demand deposits Certificates of deposit Certificates of deposit Total deposits Investments: US agencies - FHLMC, FHLB, FNMA Mortgage pools Colotrust Pension and Section 457 investments Total investments Total deposits and investments Reconciliation to Statement of Net Position: Equity in pooled cash and investments Cash and cash equivalents - Unrestricted Cash and cash equivalents - Restricted Fiduciary Funds Total Carrying Rating Maturities Value AA+ AA+ AAAm N/A $ 1,980 31,009,730 <1 year 3,511,811 <5 years 8,265,004 $ 42,788,525 <5 years $ 17,941,528 N/A 11,339,773 N/A 15,150,054 N/A 76,719,786 121,151,141 $ 163,939,666 $ 77,450,998 8,472,584 1,768,512 76,247,573 $ 163,939,667 Investments in the Deferred Compensation Plan and the Pension Trust Funds are held by trustees and are not categorized because they are not evidenced by specific securities that exist in physical or book form. D15 June 6, 2017 - Page 84 of 311 Town of Vail, Colorado Notes to the Financial Statements December 31, 2016 (Continued) IV. Detailed Notes on all Funds (continued) B. Receivables Receivables as of year-end for the Town's funds, including applicable allowances for uncollectible accounts, are as follows: Receivables: Property taxes Other taxes Other governments Other Gross Receivables Less: Allowance for uncollectibles Net Receivables Receivables: Property taxes Other taxes Other governments Other Gross Receivables Less: Allowance for uncollectibles Net Receivables Timber Ridge General Fund Capital Projects Fund Real Estate Transfer Tax Fund Vail Marketing Fund $ 4,663,844 $ - $ - $ 5,837,675 13,391 120,436 191,425 196,407 260,542 10,692,944 209,798 380,978 (1,000) Vail Local Marketing District - $ - 578,565 578,565 $ 10,691,944 $ 209,798 $ 380,978 $ - $ 578,565 $ 5,857 5,857 Vail Rein- vestment Authority Heavy Equip- Dispatch ment Services Fund Fund Health Insurance Fund Total $ $ $ - $ 4,663,844 6,550,067 191,425 1,265 464,071 1,265 11,869,407 (1,000) $ 5,857 $ - $ - $ - $ 1,265 $ 11,868,407 Governmental funds report unearned revenue in connection with receivables for revenues that are not considered to be available to liquidate liabilities of the current period. Total unearned revenue for governmental activities totaled $2,350,805 and is comprised of the following: General Fund Unearned revenues: Business licenses $ Library grants Police programs Construction projects 88,341 36,193 $ 124,534 Vail Capital Marketing Projects Fund Fund Real Estate Transfer Tax Fund $ 74,868 $ $ $ 74,868 D16 2,069,396 $ 2,069,396 82,007 Total $ 74,868 88,341 36,193 2,151,403 $ 82,007 $ 2,350,805 June 6, 2017 - Page 85 of 311 Town of Vail, Colorado Notes to the Financial Statements December 31, 2016 (Continued) IV. Detailed Notes on all Funds (continued) B. Receivables (continued) Unearned revenue for construction projects in the Capital Projects Fund includes $1,120,096 collected from Holy Cross Energy for community enhancement to place utilities underground. The other $949,300 was collected from developers for road improvements. The revenue will be recognized in the year the money is spent. Loans receivable at December 31, 2016 are comprised of the following: • The Town has established a program (the "EHOP Program") to assist qualified full- time Town employees with the purchase of a primary residence within certain geographic boundaries, by providing secured, non-interest-bearing loans, with repayment over a maximum 15 -year term including both the principal balance plus a portion of any recognized appreciation in the value of the underlying property. All such advances may be repaid at any time by the borrower -employee. The balance of EHOP Program loans receivable at December 31, 2016 was $545,466. D17 June 6, 2017 - Page 86 of 311 IV. Town of Vail, Colorado Notes to the Financial Statements December 31, 2016 (Continued) Detailed Notes on all Funds (continued) C. Capital Assets Capital asset activity for the year ended December 31, 2016 was as follows: Beginning Balance Increases Governmental Activities: Capital Assets, Not Being Depreciated: Land $ 27,430,658 $ Art 1,813,349 Total Capital Assets, Not Being Depreciated 29,244,007 Capital Assets, Being Depreciated: Buildings and improvements Infrastructure and improvements Equipment and vehicles Total Capital Assets Being Depreciated Less Accumulated Depreciation For: Buildings and improvements Infrastructure and improvements Equipment and vehicles Total Accumulated Depreciation Total Capital Assets Being Depreciated, Net Decreases - $ 276,675 276,675 98, 705, 979 13, 263, 622 140,683,810 5,238,247 42,371,714 1,707,057 281,761,503 20,208,926 (61,677,463) (2,158,041) (89,093,160) (3,734,646) (31,870,215) (2,256,540) (182,640,838) (8,149,227) 99,120,665 12,059,699 Governmental Activities Capital Assets, Net $ 128,364,672 $ 12,336,374 Ending Balance - $ 27,430,658 2,090,024 (438,498) (277,793) (1,906,160) 29,520,682 111,531,103 145,644,264 42,172,611 (2,622,451) 299,347,978 366,731 178,238 1,850,679 (63,468,773) (92,649,568) (32,276,076) 2,395,648 (188,394,417) (226,803) 110,953,561 $ (226,803) $ 140,474,243 Business -type Activities Capital Assets, Not Being Depreciated: Land $ 4,399,500 $ $ Total Capital Assets, Not Being Depreciated 4,399,500 Capital Assets, Being Depreciated: Buildings and improvements Equipment Total Capital Assets Being Depreciated Less Accumulated Depreciation For: Buildings and improvements Equipment Total Accumulated Depreciation Total Capital Assets Being Depreciated, Net 9,287,312 207,337 2,391,567 11,678,879 207,337 (3,300,754) (326,982) (1,613,961) (153,847) (4,914,715) (480,829) 6,764,164 (273,492) (26, 728) $ 4,399,500 4,399,500 9,494,649 2,364,839 (26,728) 11,859,488 26,728 26,728 Business -type Activities Capital Assets, Net $ 11,163,664 $ (273,492) $ D18 (3,627,736) (1,741,080) (5,368,816) 6,490,672 - $ 10, 890,172 June 6, 2017 - Page 87 of 311 Town of Vail, Colorado Notes to the Financial Statements December 31, 2016 (Continued) IV. Detailed Notes on all Funds (continued) C. Capital Assets (continued) Depreciation expense was charged to functions of the Town as follows: Governmental Activities: General government $ 1,177,361 Public safety 522,506 Public works and transportation 4,679,232 Culture and recreation 1,770,128 Total Depreciation Expense - Governmental Activities $ 8,149,227 Business -type Activities: Dispatch services $ 153,087 Housing 327,737 Total Depreciation - Business -type Activities $ 480,824 Depreciation on capital assets is recorded using the following estimated useful lives: Years Buildings 25 - 40 Building improvements 7 - 25 Infrastructure 5 - 50 Vehicles 5 - 15 Equipment 5 - 25 At December 31, 2016, the Town had $103,474,959 of fully depreciated assets. D. Operating Leases The Town is committed under various leases for buildings, office space, and equipment. For accounting purposes, these leases are considered to be operating leases, and therefore, the liability and the related assets have not been recorded in these financial statements. E. Long-term Asset — Rent Receivable (Ground Lease) In September, 2014, the Town executed a Ground Lease and a Development Agreement with Lion's Ridge Apartment Homes, LLC ("Lion's Ridge") with respect to the eastern half of the Timber Ridge development. Under the terms of the Ground Lease, the Town leases the new development property to Lion's Ridge for a 50 -year term, during which Lion's Ridge will construct and lease deed -restricted apartments on the newly developed property. The amount of rent payable over the 50 -year term has been averaged on a straight-line basis for an annual amount of $155,149. As of December 31, 2016, the rent receivable accrued in the Timber Ridge Enterprise Fund was $349,075. No payments are due from Lion's Ridge until 2025. D19 June 6, 2017 - Page 88 of 311 Town of Vail, Colorado Notes to the Financial Statements December 31, 2016 (Continued) IV. Detailed Notes on all Funds (continued) F. Interfund Receivables, Payables, and Transfers At December 31, 2016, Vail Reinvestment Authority owed the Capital Projects Fund and the Real Estate Transfer Tax Fund $3,251,399 and $294,664 respectively in connection with construction projects within the Lionshead district, including the design and construction of the 1-70 underpass and the Lionshead skate park. The following promissory notes payable from the Timber Ridge Enterprise Fund to the Town, which aggregate to $8,846,456 as of December 31, 2016 are reflected as internal balances between the governmental activities and business -type activities categories on the Statement of Net Position: • Promissory notes totaling $1.9 million which bear interest at the rate of 1.5% per annum and mature December 1, 2032. These notes are payable to the extent that Timber Ridge has determined the availability of excess net revenues of the Project, after provision for necessary operating or capital reserves, but may be repaid at any time without penalty. Timber Ridge paid $28,500 in accrued interest relating to the $1.9 million notes during 2016. • The $8 million promissory note bears interest at the rate of 1.5% per annum, with blended annual payments, and maturing December 1, 2033. Timber Ridge remitted $106,870 in interest to the Town during 2016 and, as of December 31, 2016, had accrued a total of $43,415 in interest payable to the Town relating to the $8 million note. Debt service requirements for the $8 million promissory note are as follows: 2017 2018 2019 2020 2021 2022 - 2026 2027 - 2031 2032 - 2033 Totals Principal $ 361,769 367,196 372,704 378,294 383,969 2,007,983 2,163,169 911,372 $ 6,946,456 Interest Total $ 101,483 96,016 90,467 84,835 79,118 306,786 150,436 13,721 $ 922,862 $ 463,252 463,212 463,171 463,129 463,087 2,314,769 2,313,605 925,093 $ 7,869,318 Transfers are used to 1) move revenues from the fund that statute or budget requires to collect them to the fund that statute or budget requires to expend them, 2) move unrestricted revenues collected in the General Fund to finance various programs accounted for in other funds in accordance with budgetary authorizations, and, 3) provide additional resources for current operations or debt service. All transfers either occur on a regular basis or are consistent with the purpose of the fund making the transfer. D20 June 6, 2017 - Page 89 of 311 Town of Vail, Colorado Notes to the Financial Statements December 31, 2016 (Continued) IV. Detailed Notes on all Funds (continued) G. Long-term Liabilities — Governmental Activities The Town has the following long-term debt outstanding for governmental activities: 1. Vail Reinvestment Authority Tax Increment Revenue Bonds, Series 2010A The Authority issued $3,670,000 of Tax -Exempt Tax Increment Revenue Bonds dated November 4, 2010 (the "2010A Bonds"). Proceeds from the 2010A Bonds will be used to finance the acquisition, construction and installation of an urban renewal project(s). The interest rate on the 2010A Bonds ranges from 2.5% to 4% per annum, and is payable June 1 and December 1 annually through June 1, 2018. The 2010A Bonds are special limited obligations of the Authority, equitably and ratably secured by an irrevocable pledge of the Trust Estate, funded by pledged property tax revenues. The 2010A Bonds are not subject to redemption prior to maturity at the option of the Authority. 2. Vail Reinvestment Authority Tax Increment Revenue Bonds, Series 2010B The Authority issued $8,270,000 of Taxable Tax Increment Revenue Bonds (Direct Pay Build America Bonds) dated November 4, 2010 (the "2010B Bonds"). Proceeds from the 2010B Bonds will be used to finance the acquisition, construction and installation of an urban renewal project(s). The interest rate on the 2010B Bonds ranges from 5.269% to 6.659% per annum, and is payable June 1 and December 1 annually from June 1, 2011 through June 1, 2030. Principal payments are payable June 1 and December 1 annually from June 1, 2019 through June 1, 2030. The Authority will receive a federal subsidy known as the "BAB Credit" equal to 35% of corresponding interest as provided under the American Recovery and Reinvestment Act of 2009. This "BAB Credit" decreased by 8.7% beginning December 1, 2013 due to federal budget reductions. As of June 1, 2014 the "BAB Credit" decreased by 7.3% due to federal budget reductions and as of October 1, 2015 the refundable credit decreased by 6.8%. The 2010B Bonds are special limited obligations of the Authority, equitably and ratably secured by an irrevocable pledge of the Trust Estate, funded by pledged incremental property tax revenues. 2010B Bonds maturing on or before June 1, 2020 are not subject to optional redemption prior to their respective maturity dates. The 2010B Bonds maturing on and after June 1, 2021 are subject to redemption prior to their respective maturity dates at the option of the Authority at a price equal to the principal amount plus accrued interest to the redemption date without a premium. All 2010B Bonds are subject to mandatory sinking fund redemption. D21 June 6, 2017 - Page 90 of 311 Town of Vail, Colorado Notes to the Financial Statements December 31, 2016 (Continued) IV. Detailed Notes on all Funds (continued) H. Long-term Liabilities — Compensated Absences The Town has a policy allowing the accumulation of paid vacation and sick leave, subject to certain maximum limits. In accordance with GAAP, the Town's approximate liability for vacation pay earned by employees and longevity pay at December 31, 2016 has been reflected in the proprietary type fund financial statements and in the governmental activities column of the government -wide financial statements. Accumulated sick pay of approximately $3,621,379 at December 31, 2016 has not been reflected in the Town's financial statements as the amount is partially insured by an independent insurance company and the amounts are not payable at termination. I. Long-term Liabilities — Refunded In prior years, the Town defeased certain general obligations and other bonds by placing the proceeds of new bonds in an irrevocable trust to provide for all future debt service payments on the old bonds. The bonds intended to be refunded by the refunding issues remain a contingent liability of the Town until retired; however, they are not included for the purposes of calculating debt limits of the Town. The amount of debt considered defeased cannot be readily determined as of December 31, 2016. J. Long-term Liabilities - Activity and Debt Service Schedules Long-term liability activity for the year ended December 31, 2016 was as follows: Governmental Activities: Tax -Increment Bonds, Series 2010A Tax -Increment Bonds, Series 2010B Deferred amounts: Issuance premium Compensated absences Total Governmental Activities Long-term Liabilities Business -type Activities: Compensated absences Total Business -type Activities Long-term Liabilities Beginning Ending Due Within Balance Additions Reductions Balance One Year $ 1,550,000 $ - $ (500,000) $ 1,050,000 $ 515,000 8,270,000 - - 8,270,000 - 11,200 - (5,537) 5,663 - 1,417,660 141,163 - 1,558,823 567,103 $ 11,248,860 $ 141,163 $ (505,537) $ 10,884,486 $ 1,082,103 $ 62,644 $ 15,453 $ - $ 78,097 $ 23,429 $ 62,644 $ 15,453 $ - $ 78,097 $ 23,429 D22 June 6, 2017 - Page 91 of 311 Town of Vail, Colorado Notes to the Financial Statements December 31, 2016 (Continued) IV. Detailed Notes on all Funds (continued) J. Long-term Liabilities - Activity and Debt Service Schedules (continued) Debt service requirements at December 31, 2016 were as follows: Principal Interest Total Governmental Activities: 2017 515,000 547,753 1,062,753 2018 535,000 526,753 1,061,753 2019 555,000 501,432 1,056,432 2020 575,000 471,662 1,046,662 2021 595,000 438,458 1,033,458 2022-2026 3,335,000 1,609,971 4,944,971 2027-2030 3,210,000 439,161 3,649,161 Total Governmental Activities $ 9,320,000 4,535,190 13,855,190 General obligation bonds issued for governmental activity purposes are liquidated by the Debt Service Fund, whereas general obligation bonds issued for component unit purposes are liquidated by the component unit. K. Fund Balance Disclosures The Town classifies governmental fund balances as follows: Non -spendable — includes fund balance amounts inherently non -spendable since they represent inventories, prepaid items, and long-term portions of loans receivable. Spendable Fund Balance: • Restricted — includes fund balance amounts that are constrained for specific purposes which are externally imposed by providers, such as creditors, or amounts constrained due to constitutional provisions or enabling legislation. • Committed — includes fund balance amounts that are constrained for specific purposes that are internally imposed by the government through formal action of the highest level of decision making authority, which is the Town Council. The Town's original budget legislation begins with combining historical data, assessment of needs for the upcoming year and the Town's platform to review, and/or make changes to each department's budget. The budget is formally presented to the Town Council via an advertised public process for review, revisions and final approval by year-end. All subsequent budget requests made during the year, after Town Council approval, must be presented via a public process and again approved by Town Council. • Assigned — includes spendable fund balance amounts that are intended to be used for specific purposes that are neither considered restricted nor committed. Fund balance may be assigned by Town Council or its management designees. • Unassigned — includes residual positive fund balance within the General Fund, which has not been classified within the other above-mentioned categories. Unassigned fund balance may also include negative balances for any governmental fund if expenditures exceed amounts restricted, committed, or assigned for those specific purposes. D23 June 6, 2017 - Page 92 of 311 Town of Vail, Colorado Notes to the Financial Statements December 31, 2016 (Continued) IV. Detailed Notes on all Funds (continued) K. Fund Balance Disclosures (continued) The Town's restricted amounts are to be spent first when both restricted and unrestricted fund balance is available unless there are legal documents or contracts that prohibit this, such as grant agreements that require dollar for dollar spending. Additionally, the Town would first use committed, then assigned, and lastly unassigned amounts when expenditures are made. The Town has a minimum fund balance policy of 25% of annual General Fund revenues. V. Other Information A. Pension Plans The Town offers two defined contribution pension plans to cover all permanent paid employees of the Town. The Town established these qualified money purchase pension plans under Internal Revenue Code section 401(a), and may amend all of the plan provisions. The first plan covers all full time and qualified seasonal employees other than sworn police officers and firefighters; the second plan covers all full time and qualified seasonal employees of the Town's Police and Fire departments. The plan provisions are the same for both plans. In defined contribution plans, benefits depend solely on amounts contributed to the plans plus investment earnings. Employees are eligible to participate in the plans from the date of employment or the effective date of the plans, January 1, 1983, whichever is later. The plans provide for contributions to be made by the Town of 12.6% of regular compensation for the first year of employment and 17.6% thereafter. For employees hired after April 1, 1986, the Town's contribution is 11.15% of regular compensation for the first year, and 16.15% thereafter. Employees have the option to make voluntary contributions of up to 10% of their compensation. In the event of continued long-term disability of an employee, the Town's disability insurance will continue to make contributions to the plan for the employee through age 60 at the rate on the date of disability. For employees hired before July 1, 1986, vesting of the Town's contributions is 77.5% after the first year of employment with an additional vesting of 7.5% per year through the fourth year, when vesting is 100%. For employees hired after June 30, 1986, vesting of the Town's contributions to the employees is 20% after the first year of employment with additional vesting of 20% per year through the fifth year, when vesting is 100%. If an employee dies, becomes disabled, or attains the age of 60, their entire interest in the plans becomes vested; normal retirement age is 60 with early retirement at age 50 and four years of service. D24 June 6, 2017 - Page 93 of 311 Town of Vail, Colorado Notes to the Financial Statements December 31, 2016 (Continued) V. Other Information (continued) A. Pension Plans (continued) In 1991, the Town established a defined contribution pension plan for seasonal employees who work for the Town longer than 6 weeks. Seasonal employees are required to contribute 6% of regular compensation to the plan and the Town contributes 1.5%. Seasonal employees are 100% vested after their first contribution. Employees covered under the regular and seasonal pension plans do not participate in the Social Security system. The annual pension cost is the Town's contributions less forfeitures from the prior year. The plans' invested assets at December 31, 2016 of $61,812,065 are stated at market value. All earnings, losses, expenses and changes in the fair market value of the trust fund will be apportioned at least annually among the participants in proportion to each participant's current share of the Trust Investment Fund. The Town has no liability for unfunded future vested employee benefits. The trustees and administrators of the plans are the Retirement Board. The Retirement Board determines investment options made available to participants, in adherence with an adopted investment policy statement. The total amount of the Town's 2016 covered payroll was $17,183,576 of which $15,536,007 was for permanent employees and $1,647,569 was for seasonal staff. Total 2016 payroll for all Town employees was $20,372,030. B. Retirement Savings Plan — Deferred Compensation Plan — IRC 457 The Town offers its employees a deferred compensation plan (the "457 Plan") created in accordance with Internal Revenue Code section 457. The 457 Plan, available to all Town employees, permits them to defer a portion of their salary until future years. The deferred compensation is not available to employees until termination, retirement, death, or unforeseeable emergency. All amounts of compensation deferred under the 457 Plan, all property and rights purchased with those amounts, and all income attributable to those amounts, property, or rights are to be held in trust for the exclusive benefit of the 457 Plan participants and their beneficiaries. The modified accrual basis of accounting is used for the 457 Plan. The trustees and administrators of the 457 Plan are the Retirement Board, which comprises members of the Town's administration. The Retirement Board determines investment options made available to participants, in adherence to an adopted investment policy statement. The Town has no liability for losses under the 457 Plan but does have the duty of due care that would be required of an ordinary prudent investor. D25 June 6, 2017 - Page 94 of 311 Town of Vail, Colorado Notes to the Financial Statements December 31, 2016 (Continued) V. Other Information (continued) B. Retirement Savings Plan — Deferred Compensation Plan — IRC 457 (continued) The total assets of the 457 Plan were $14,435,508 at December 31, 2016. The assets were invested in mutual funds, as previously described. Pursuant to the Town's adoption of GASB Statement No. 32, Accounting and Financial Reporting for Internal Revenue Code Section 457 Deferred Compensation Plans, the 457 Plan has been included in these financial statements as an expendable trust fund. C. Cafeteria Plan The Town offers a cafeteria compensation plan organized under section 125 of the Internal Revenue Code, which includes dependent care and health expense reimbursement. No cost to the Town is recognized as the plan is a salary reduction plan. D. Risk Management The Town is exposed to various risks of loss related to workers compensation, general liability, unemployment, torts, theft of, damage to, and destruction of assets, and errors and omissions. The Town carries commercial coverage for these risks and claims and does not expect claims to exceed their coverage. E. Commitments and Contingencies 1. Legal Claims During the normal course of business, the Town may incur claims and other assertions against it from various agencies and individuals. Management of the Town and their legal representatives feel none of these claims or assertions are significant enough that they would materially affect the fairness of the presentation of the financial statements at December 31, 2016. 2. Federal Funds Funds received from Federal grants and programs are subject to audit and disallowance on ineligible costs. Management of the Town feels any potential questioned or disallowed costs would not materially affect the fairness of the presentation of the financial statements at December 31, 2016. F. Conduit Debt — Town of Vail, Colorado Multifamily Housing Revenue Bonds (Middle Creek Village Apartments Project), Series 2003A, 2003B and 2003-T These bonds were issued in 2003 in an aggregate principal amount of $16,850,000 to finance construction of multi -family housing projects within the Town. The bonds mature in 2038. The bonds are solely payable from, and are secured by, a pledge of revenue from loan agreements between the Town and Middle Creek Village, LLC (as borrower). The borrower's obligation is secured by Deeds of Trust, Security Agreements, Financing Statements and assignment of rents and leases. The bonds are a special limited obligation of the Town, payable solely from the specified revenues of the projects, and do not constitute debt or indebtedness of the Town. D26 June 6, 2017 - Page 95 of 311 REQUIRED SUPPLEMENTARY INFORMATION June 6, 2017 - Page 96 of 311 Town of Vail, Colorado General Fund Schedule of Revenues, Expenditures and Changes in Fund Balance Budget (GAAP Basis) and Actual For the Year Ended December 31, 2016 With Comparative Actual Amounts For the Year Ended December 31, 2015 2016 2015 Original Final Budget Budget Actual Final Budget Variance Positive (Negative) Actual Revenues: Taxes: General sales taxes 15,865,000 15,865,000 15,865,000 - 15,181,000 Property and ownership taxes 4,913,000 4,913,000 4,911,842 (1,158) 4,389,241 Ski area lift ticket admissions tax 4,728,000 4,728,000 5,032,970 304,970 4,763,956 Franchise tax 1,146,000 1,146,000 1,086,149 (59,851) 1,083,666 Penalties and interest on delinquent taxes 35,160 35,160 76,052 40,892 24,800 Total - Taxes 26,687,160 26,687,160 26,972,013 284,853 25,442,663 Permits and Licenses: Construction fees 772,500 772,500 974,331 201,831 1,011,418 Contractors' licenses 65,382 65,382 35,486 (29,896) 52,150 Other permits and licenses 756,372 756,372 662,867 (93,505) 1,011,016 Total - Permits and Licenses 1,594,254 1,594,254 1,672,684 78,430 2,074,584 Intergovernmental: County sales tax 818,816 818,816 840,206 21,390 830,849 County road and bridge 749,100 749,100 652,307 (96,793) 732,823 Additional motor vehicle registration fees 29,000 29,000 26,977 (2,023) 26,665 Cigarette tax 74,000 74,000 75,376 1,376 74,343 Highway users tax 212,000 212,000 218,130 6,130 221,666 State health inspection - - - - - Other county sources - - 92,500 92,500 87,500 Other state sources - 170,645 159,782 (10,863) 149,240 Federal sources - - - - 3,725 Total - Intergovernmental 1,882,916 2,053,561 2,065,278 11,717 2,126,811 Charges for Services: Management fees - Vail Local Marketing District 125,000 125,000 112,000 (13,000) 112,000 Internal service charge 508,885 511,185 529,596 18,411 522,152 Out of district fire response 51,000 51,000 47,625 (3,375) 64,079 Alarm monitoring fees 24,083 24,083 20,886 (3,197) 23,215 Parking 4,225,000 4,225,000 5,230,062 1,005,062 4,948,993 Fines and forfeitures 250,942 250,942 214,258 (36,684) 262,021 Rents 990,556 990,556 1,019,509 28,953 1,041,374 Other charges, services, and sales 292,268 292,268 297,974 5,706 296,151 Total - Charges for Services 6,467,734 6,470,034 7,471,910 1,001,876 7,269,985 Other Revenues: Earnings on investments 160,000 160,000 83,624 (76,376) 146,627 Miscellaneous 182,000 217,670 181,178 (36,492) 216,914 Total - Other Revenues 342,000 377,670 264,802 (112,868) 363,541 Total Revenues 36,974,064 37,182,679 38,446,687 1,264,008 37,277,584 (Continued) The accompanying notes are an integral part of these financial statements. El June 6, 2017 - Page 97 of 311 Town of Vail, Colorado General Fund Schedule of Revenues, Expenditures and Changes in Fund Balance Budget (GAAP Basis) and Actual For the Year Ended December 31, 2016 With Comparative Actual Amounts For the Year Ended December 31, 2015 (Continued) 2016 2015 Final Budget Variance Original Final Positive Budget Budget Actual (Negative) Actual Expenditures: General Government: Town officials 1,656,613 1,684,613 1,198,093 486,520 1,458,980 Administrative 4,840,508 4,885,508 4,477,161 408,347 3,997,104 Community development 1,773,237 1,783,237 1,576,406 206,831 1,415,208 Total - General Government 8,270,358 8,353,358 7,251,660 1,101,698 6,871,292 Public Safety: Police department 5,902,574 5,987,303 5,641,921 345,382 5,509,616 Fire department 4,037,519 4,124,401 3,981,917 142,484 3,724,062 Total - Public Safety 9,940,093 10,111,704 9,623,838 487,866 9,233,678 Public Works and Transportation: Highways and streets 4,525,671 4,524,671 4,260,073 264,598 3,953,846 Transportation 5,015,859 5,015,859 4,876,217 139,642 4,586,184 Parking operations 1,420,471 1,429,471 1,233,700 195,771 1,205,219 Facility maintenance 3,785,417 3,816,741 3,627,068 189,673 3,478,894 Total - Public Works and Transportation 14,747,418 14,786,742 13,997,058 789,684 13,224,143 Culture and Recreation: Special recreation facilities 285,300 285,300 295,441 (10,141) 289,398 Library 878,404 898,866 897,422 1,444 825,554 Total - Culture and Recreation 1,163,704 1,184,166 1,192,863 (8,697) 1,114,952 Economic Development: Contributions, marketing and special events 2,604,193 2,750,043 2,708,603 41,440 2,902,815 Total - Economic Development 2,604,193 2,750,043 2,708,603 41,440 2,902,815 Total Expenditures 36,725,766 37,186,013 34,774,022 2,411,991 33,346,880 Excess (Deficiency) of Revenues Over Expenditures 248,298 (3,334) 3,672,665 3,675,999 3,930,704 Other Financing Sources (Uses): Sale of assets 5,086 5,086 26,920 Transfers out - - - (22,338) Total Other Financing Sources (Uses) 5,086 5,086 4,582 Net Change in Fund Balance 248,298 (3,334) 3,677,751 3,681,085 3,935,286 Fund Balance - January 1 18,910,046 23,622,509 23,622,509 19,687,223 Fund Balance - December 31 19,158,344 23,619,175 27,300,260 3,681,085 23,622,509 The accompanying notes are an integral part of these financial statements. E2 June 6, 2017 - Page 98 of 311 Town of Vail, Colorado Special Revenue Funds Real Estate Transfer Tax Fund Schedule of Revenues, Expenditures and Changes in Fund Balance Budget (GAAP Basis) and Actual For the Year Ended December 31, 2016 With Comparative Actual Amounts For the Year Ended December 31, 2015 2016 2015 Final Budget Variance Original Final Positive Budget Budget Actual (Negative) Actual Revenues: Taxes: Real estate transfer tax 6,500,000 6,500,000 6,843,356 343,356 6,965,617 Intergovernmental Revenue: Lottery revenue 20,000 20,000 29,658 9,658 25,445 Other State revenue - 8,500 - (8,500) - Total - Intergovernmental Revenue 20,000 28,500 29,658 1,158 25,445 Charges for Services: Recreation amenities fee 10,000 10,000 8,488 (1,512) 23,105 Land lease to Vail Recreation District 137,347 137,347 137,347 - 130,202 Total - Charges for Services 147,347 147,347 145,835 (1,512) 153,307 Other: Project reimbursements 1,317,198 1,272,891 (44,307) 1,213,803 Donations - 6,000 33,439 27,439 4,500 Interest on investments 28,861 28,861 47,876 19,015 81,695 Other - 16,000 24,279 8,279 25,733 Total - Other 28,861 1,368,059 1,378,485 10,426 1,325,731 Total Revenues 6,696,208 8,043,906 8,397,334 353,428 8,470,100 Expenditures: Culture and Recreation: Project management 325,000 325,000 342,168 (17,168) 352,648 Park maintenance 1,586,600 1,605,100 1,329,863 275,237 1,353,813 Environmental sustainability 385,500 482,500 411,131 71,369 398,866 Art in public places 104,132 104,132 104,105 27 108,309 Total - Culture and Recreation 2,401,232 2,516,732 2,187,267 329,465 2,213,636 Public Works: Capital projects 9,865,860 18,937,188 12,844,327 6,092,861 7,887,938 Public Safety Fire suppression 258,738 258,738 201,638 57,100 198,913 Total Expenditures 12,525,830 21,712,658 15,233,232 6,479,426 10,300,487 Excess (Deficiency) of Revenues Over Expenditures (5,829,622) (13,668,752) (6,835,898) 6,832,854 (1,830,387) Other Financing Sources (Uses): Transfers in 3,900,000 294,664 294,664 - 3,345,857 Total Other Financing Sources (Uses) 3,900,000 294,664 294,664 3,345,857 Net Change in Fund Balance (1,929,622) (13,374,088) (6,541,234) 6,832,854 1,515,470 Fund Balance - January 1 3,887,675 17,797,519 17,797,519 - 16,282,049 Fund Balance - December 31 1,958,053 4,423,431 11,256,285 6,832,854 17,797,519 The accompanying notes are an integral part of these financial statements. E3 June 6, 2017 - Page 99 of 311 Revenues: Interest on investments Total Revenues Town of Vail, Colorado Special Revenue Funds Conference Center Fund Schedule of Revenues, Expenditures and Changes in Fund Balance Budget (GAAP Basis) and Actual For the Year Ended December 31, 2016 With Comparative Actual Amounts For the Year Ended December 31, 2015 2016 2015 Original Final Budget Budget Actual Final Budget Variance Positive (Negative) Actual 9,891 9,891 Expenditures: Economic Development Capital outlay - - Total Expenditures - - Excess (Deficiency) of Revenues Over Expenditures - 9,891 Other Financing Sources (Uses): Transfers (out) Total Other Financing Sources (Uses) (1,972,244) (1,972,244) Net Change in Fund Balance - (1,962,353) Fund Balance - January 1 - 1,962,353 Fund Balance - December 31 - - The accompanying notes are an integral part of these financial statements. E4 June 6, 2017 - Page 100 of 311 Revenues: Permits and Licenses: Business licenses Other: Interest on investments Town of Vail, Colorado Special Revenue Funds Vail Marketing Fund Schedule of Revenues, Expenditures and Changes in Fund Balance Budget (GAAP Basis) and Actual For the Year Ended December 31, 2016 With Comparative Actual Amounts For the Year Ended December 31, 2015 2016 2015 Variance Original Final Positive Budget Budget Actual (Negative) Actual 332,000 378,000 383,532 5,532 320,899 1,500 1,500 793 (707) 1,652 Total Revenues 333,500 379,500 384,325 4,825 322,551 Expenditures: Economic Development: Commission on Special Events 309,000 309,000 309,000 300,000 Administration fee 17,687 19,987 19,136 851 16,045 Total Expenditures 326,687 328,987 328,136 851 316,045 Excess (Deficiency) of Revenues Over Expenditures 6,813 Fund Balance - January 1 Fund Balance - December 31 50,513 56,189 5,676 6,506 213,157 203,263 203,263 196,757 219,970 253,776 259,452 5,676 203,263 The accompanying notes are an integral part of these financial statements. E5 June 6, 2017 - Page 101 of 311 Town of Vail, Colorado Special Revenue Funds Vail Local Marketing District Schedule of Revenues, Expenditures and Changes in Fund Balance Budget (GAAP Basis) and Actual For the Year Ended December 31, 2016 With Comparative Actual Amounts For the Year Ended December 31, 2015 2016 2015 Final Budget Variance Original Final Positive Budget Budget Actual (Negative) Actual Revenues: Taxes: Lodging tax 3,030,500 3,030,500 3,198,625 168,125 3,228,044 Other: Interest on investments 2,000 2,000 390 (1,610) 515 Miscellaneous - - 1,332 1,332 Total - Other 2,000 2,000 1,722 (278) 515 Total Revenues 3,032,500 3,032,500 3,200,347 167,847 3,228,559 Expenditures: Economic Development: Destination 1,302,000 1,302,000 1,212,997 89,003 1,290,524 Front Range 225,000 225,000 247,367 (22,367) 284,052 Groups and meetings 702,500 702,500 700,248 2,252 550,636 Marketing 439,000 439,000 551,904 (112,904) 334,308 Special events 120,000 120,000 21,250 98,750 32,500 Purchased services 461,960 461,960 428,045 33,915 545,934 Total Expenditures 3,250,460 3,250,460 3,161,811 88,649 3,037,954 Excess (Deficiency) of Revenues Over Expenditures (217,960) (217,960) 38,536 256,496 190,605 Fund Balance - January 1 996,093 1,552,198 1,552,198 1,361,593 Fund Balance - December 31 778,133 1,334,238 1,590,734 256,496 1,552,198 The accompanying notes are an integral part of these financial statements. E6 June 6, 2017 - Page 102 of 311 Town of Vail, Colorado Special Revenue Funds Vail Reinvestment Authority Schedule of Revenues, Expenditures and Changes in Fund Balance Budget (GAAP Basis) and Actual For the Year Ended December 31, 2016 With Comparative Actual Amounts For the Year Ended December 31, 2015 2016 2015 Final Budget Variance Original Final Positive Budget Budget Actual (Negative) Actual Revenues: Taxes: Property tax 4,172,000 4,172,000 3,959,506 (212,494) 3,837,261 Other: Interest on investments 1,600 1,600 2,062 462 937 Interest subsidy (Build America Bonds) 167,444 167,444 168,246 802 167,896 Total Revenues 4,341,044 4,341,044 4,129,814 (211,230) 4,006,094 Expenditures: Economic Development: Administration 73,180 73,180 69,772 3,408 67,168 Fiscal agent fees 2,200 2,200 2,420 (220) 2,420 Treasurer's fees 125,160 125,160 118,789 6,371 115,120 Professional fees 10,000 10,000 2,810 7,190 11,623 Vail Square Metro District 497,610 497,610 456,784 40,826 464,548 Total Economic Development 708,150 708,150 650,575 57,575 660,879 Debt Service: Principal 500,000 500,000 500,000 - 490,000 Interest 564,928 564,928 564,928 577,928 Total Debt Service 1,064,928 1,064,928 1,064,928 - 1,067,928 Total Expenditures 1,773,078 Excess (Deficiency) of Revenues Over Expenditures 2,567,966 1,773,078 1,715,503 2,567,966 2,414,311 57,575 1,728,807 (153,655) 2,277,287 Other Financing Sources (Uses): Transfers out (3,500,000) (4,622,101) (3,546,063) 1,076,038 (2,757,636) Total Other Financing Sources (Uses) (3,500,000) (4,622,101) (3,546,063) 1,076,038 (2,757,636) Net Change in Fund Balance (932,034) (2,054,135) (1,131,752) 922,383 (480,349) Fund Balance - January 1 4,158,967 5,443,901 5,443,901 - 5,924,250 Fund Balance - December 31 3,226,933 3,389,766 4,312,149 922,383 5,443,901 The accompanying notes are an integral part of these financial statements. E7 June 6, 2017 - Page 103 of 311 SUPPLEMENTARY INFORMATION June 6, 2017 - Page 104 of 311 Town of Vail, Colorado Capital Projects Fund Schedule of Revenues, Expenditures and Changes in Fund Balance Budget (GAAP Basis) and Actual For the Year Ended December 31, 2016 With Comparative Actual Amounts For the Year Ended December 31, 2015 2016 2015 Original Final Budget Budget Actual Final Budget Variance Positive (Negative) Actual Revenues: Taxes: Sales tax 9,723,000 9,723,000 10,223,952 500,952 10,403,929 Construction use tax 1,545,000 1,545,000 1,688,841 143,841 2,220,168 Total - Taxes 11,268,000 11,268,000 11,912,793 644,793 12,624,097 Intergovernmental: State grants - 123,603 124,070 467 451,276 Federal grants 544,800 544,800 26,786 (518,014) - Total - Intergovernmental 544,800 668,403 150,856 (517,547) 451,276 Charges for Services: Leases - Vail Commons 197,295 159,135 159,135 197,295 Resale fees - - 6,755 6,755 33,769 Total - Charges for Services 197,295 159,135 165,890 6,755 231,064 Other: Interest on investments 610,346 610,346 184,147 (426,199) 262,689 Project reimbursements/shared costs - 275,252 299,595 24,343 146,343 Construction fees - - 505,277 505,277 1,916,086 Workforce housing sales and other 3,250 3,250 1,662 Total - Other 610,346 885,598 992,269 106,671 2,326,780 Total Revenues Expenditures: Public Works: Capital projects and acquisition 12,620,441 12,981,136 13,221,808 19,632,169 32, 819, 266 12,178, 634 240,672 15, 633, 217 20,640,632 6,884,292 Excess (Deficiency) of Revenues Over Expenditures (7,011,728) (19,838,130) 1,043,174 20,881,304 8,748,925 Other Financing Sources (Uses): Transfers in 3,500,000 4,327,437 3,251,399 (1,076,038) 1,384,023 Transfers (out) (3,900,000) - - - - Total Other Financing Sources (Uses) (400,000) 4,327,437 3,251,399 (1,076,038) 1,384,023 Net Change in Fund Balance (7,411,728) (15,510,693) 4,294,573 19,805,266 10,132,948 Fund Balance - January 1 20,930,692 40,542,297 40,542,297 30,409,349 Fund Balance - December 31 13,518,964 25,031,604 44,836,870 19,805,266 40,542,297 The accompanying notes are an integral part of these financial statements. F1 June 6, 2017 - Page 105 of 311 Town of Vail, Colorado Enterprise Fund Timber Ridge Fund Schedule of Revenues, Expenses, and Changes in Net Position Budget (Non -GAAP Basis) and Actual with Reconciliation to GAAP Basis For the Year Ended December 31, 2016 With Comparative Actual Amounts For the Year Ended December 31, 2015 2016 2015 Final Budget Variance Original Final Positive Budget Budget Actual (Negative) Actual Operating Revenues: Rent 1,304,531 1,304,531 1,298,908 Ground lease 155,149 Other 17,650 17,650 27,047 Total Operating Revenues 1,322,181 1,322,181 1,481,104 (5,623) 155,149 9,397 1,243,719 155,149 12,631 158,923 1,411,499 Operating Expenses: Operating expenses 510,588 510,588 490,178 20,410 588,145 Capital outlay 236,000 285,000 207,337 77,663 172,697 Total Operating Expenses 746,588 795,588 697,515 98,073 760,842 Operating Income (Loss) 575,593 526,593 783,589 256,996 650,657 Non-operating Revenues (Expenses): Interest on investments 600 600 766 166 887 Interest expense (133,142) (133,142) (133,142) - (138,484) Loan principal repayment to Capital Projects Fund (356,423) (356,423) (356,423) (351,155) Total Non-operating Revenue (Expenses) (488,965) (488,965) (488,799) 166 (488,752) Change in Net Position - Budget Basis 86,628 37,628 294,790 257,162 161,905 Reconciliation to GAAP Basis: Adjustments: Loan principal repayment to Capital Projects Fund 356,423 351,155 Depreciation (327,737) (318,669) Capitalized assets 207,337 172,697 Total Adjustments 236,023 205,183 Change in Net Position - GAAP Basis 530,813 367,088 The accompanying notes are an integral part of these financial statements. F2 June 6, 2017 - Page 106 of 311 Town of Vail, Colorado Enterprise Fund Dispatch Services Fund Schedule of Revenues, Expenses, and Changes in Net Position Budget (Non -GAAP Basis) and Actual with Reconciliation to GAAP Basis For the Year Ended December 31, 2016 With Comparative Actual Amounts For the Year Ended December 31, 2015 2016 2015 Original Final Budget Budget Actual Operating Revenues: Charges and Fees: Dispatch service fee 663,214 663,214 663,214 Dispatching contracts 1,175,653 1,197,563 1,175,963 Other charges - - 28,112 Total Operating Revenues 1,838,867 1,860,777 1,867,289 Operating Expenses: Public Safety: Salaries and benefits Operating expenses Total Operating Expenses Operating (Loss) - Budget Basis Final Budget Variance Positive (Negative) (21,600) 28,112 Actual 630,588 1,098,629 392 6,512 1,729,609 2,081,259 2,099,736 1,937,210 162,526 2,013,938 513,358 517,791 468,731 49,060 461,165 2,594,617 2,617,527 2,405,941 211,586 2,475,103 (755,750) (756,750) (538,652) 218,098 (745,494) Non-operating Revenues: Operating grant - E-911 Board 742,627 742,627 742,627 797,382 Earnings on investments 6,275 6,275 1,052 (5,223) 2,500 Total Non-operating Revenues 748,902 748,902 743,679 (5,223) 799,882 Income (Loss) Before Transfers (6,848) (7,848) 205,027 212,875 54,388 Transfers In - - 22,338 Change in Net Position - Budget Basis (6,848) (7,848) 205,027 212,875 76,726 Adjustments: Change in compensated absences (15,454) 3,706 Depreciation (153,087) (174,775) Total Adjustments (168,541) (171,069) Change in Net Position - GAAP Basis 36,486 (94,343) The accompanying notes are an integral part of these financial statements. F3 June 6, 2017 - Page 107 of 311 Town of Vail, Colorado Internal Service Funds Heavy Equipment Fund Schedule of Revenues, Expenses, and Changes in Net Position Budget (Non -GAAP Basis) and Actual with Reconciliation to GAAP Basis For the Year Ended December 31, 2016 With Comparative Actual Amounts For the Year Ended December 31, 2015 2016 2015 Original Final Budget Budget Actual Final Budget Variance Positive (Negative) Actual Operating Revenues: Charges and Fees: Operating charges 2,284,617 2,284,617 2,481,748 197,131 2,401,856 Replacement charges 647,150 647,150 586,460 (60,690) 607,694 Total - Charges and Fees 2,931,767 2,931,767 3,068,208 136,441 3,009,550 Other: Insurance reimbursements 47,099 47,099 7,693 Other - 12,494 12,494 19,005 Total - Other 59,593 59,593 26,698 Total Operating Revenues 2,931,767 2,931,767 3,127,801 196,034 3,036,248 Operating Expenses: Public Works: Vehicle maintenance and fuel 2,302,000 2,302,000 2,283,090 18,910 2,200,423 Capital outlay 821,400 1,059,600 972,958 86,642 1,066,709 Total Operating Expenses 3,123,400 3,361,600 3,256,048 105,552 3,267,132 Operating Income (Loss) - Budget Basis (191,633) (429,833) (128,247) 301,586 (230,884) Non-operating Revenues: Earnings on investments 14,650 14,650 2,751 (11,899) 9,368 Proceeds from sale of assets 104,910 104,910 48,360 (56,550) 160,306 Total Non-operating Revenues: 119,560 119,560 51,111 (68,449) 169,674 Change in Net Position - Budget Basis (72,073) (310,273) (77,136) 233,137 (61,210) Reconciliation to GAAP Basis: Adjustments: Contributed from other funds 176,307 Net book value of disposed assets (27,501) (7,119) Depreciation (738,022) (762,869) Change in accrued compensated absences (5,018) 1,059 Capitalized assets 972,958 1,066,709 Total Adjustments 378,724 297,780 Change in Net Position - GAAP Basis 301,588 236,570 The accompanying notes are an integral part of these financial statements. F4 June 6, 2017 - Page 108 of 311 Town of Vail, Colorado Internal Service Funds Health Insurance Fund Schedule of Revenues, Expenses, and Changes in Net Position Budget (GAAP Basis) and Actual For the Year Ended December 31, 2016 With Comparative Actual Amounts For the Year Ended December 31, 2015 2016 2015 Original and Final Budget Actual Variance Positive (Negative) Actual Operating Revenues: Charges and Fees: Insurance premiums 3,850,000 3,300,000 (550,000) 3,100,000 Insurance premiums - Employee contributions 695,000 677,553 (17,447) 675,505 Insurer proceeds 1,265 1,265 4,449 Other 575 575 Total Operating Revenues 4,545,000 3,979,393 (565,607) 3,779,954 Operating Expenses: General Government: Health claims 3,743,830 3,045,743 698,087 2,208,954 Premiums 756,170 724,572 31,598 617,693 Administrative fees 55,000 35,355 19,645 38,320 Total Operating Expenses 4,555,000 3,805,670 749,330 2,864,967 Operating Income (Loss) Non-operating Revenues: Earnings on investments Change in Net Position (10,000) 173,723 10,000 4,125 183,723 914,987 (5,875) 15,201 177,848 177,848 930,188 The accompanying notes are an integral part of these financial statements. F5 June 6, 2017 - Page 109 of 311 Town of Vail, Colorado Internal Service Funds Combining Statement of Net Position December 31, 2016 Heavy Health Equipment Insurance Fund Fund Total Assets: Current Assets: Equity in pooled cash and investments 2,205,645 3,782,745 5,988,390 Accounts receivable, net of allowance for uncollectibles 1,265 1,265 Inventory 266,174 266,174 Total Current Assets 2,471,819 3,784,010 6,255,829 Non-current Assets: Property, plant, and equipment, net of accumulated depreciation 4,035,488 4,035,488 Total Assets 6,507,307 Liabilities: Current Liabilities: Accounts payable Accrued salaries and wages Current portion of compensated absences Unearned revenue Total Current Liabilities 306,149 19,377 17,522 343,048 3,784,010 10,291,317 340,200 646,349 19,377 17,522 340,200 683,248 Non-current Liabilities: Compensated absences, net of current portion 40,885 40,885 Total Liabilities 383,933 340,200 724,133 Net Position: Invested in capital assets, net of related debt 4,035,488 - 4,035,488 Unrestricted 2,087,886 3,443,810 5,531,696 Total Net Position 6,123,374 3,443,810 9,567,184 The accompanying notes are an integral part of these financial statements. F6 June 6, 2017 - Page 110 of 311 Town of Vail, Colorado Internal Service Funds Combining Statement of Revenues, Expenses and Changes in Fund Net Position For the Year Ended December 31, 2016 Heavy Health Equipment Insurance Fund Fund Total Operating Revenues: Charges for services - Internal 3,068,208 3,300,000 6,368,208 Charges for services - External 677,553 677,553 Insurance reimbursements 47,099 1,265 48,364 Other 12,494 575 13,069 Total Operating Revenues 3,127,801 3,979,393 7,107,194 Operating Expenses: Operations 2,288,108 35,355 2,323,463 Health claims and premiums 3,770,315 3,770,315 Depreciation 738,022 - 738,022 Total Operating Expenses 3,026,130 3,805,670 6,831,800 Operating Income (Loss) 101,671 Non-operating Revenues (Expenses): Gain (loss) on disposal of assets Investment income Total Non-operating Revenues (Expenses) 173,723 275,394 20,859 20,859 2,751 23,610 Income (Loss) Before Transfers and Capital Contributions 125,281 Capital Contributions, Net Change in Net Position Net Position - January 1 Net Position - December 31 4,125 6,876 4,125 27,735 177,848 303,129 176,307 176,307 301,588 5,821,786 6,123,374 177,848 479,436 3,265,962 9,087,748 3,443,810 9,567,184 The accompanying notes are an integral part of these financial statements. F7 June 6, 2017 - Page 111 of 311 Town of Vail, Colorado Internal Service Funds Combining Statement of Cash Flows For the Year Ended December 31, 2016 Heavy Health Equipment Insurance Fund Fund Total Cash Flows From Operating Activities: Cash received from other funds 3,068,208 3,300,000 6,368,208 Other cash receipts 59,726 785,639 845,365 Cash paid for goods and services (1,184,427) (3,705,938) (4,890,365) Cash paid to employees (1,056,214) - (1,056,214) Net Cash Provided (Used) by Operating Activities 887,293 379,701 1,266,994 Cash Flows From Capital and Related Financing Activities: Cash received from sale of fixed assets Acquisition and construction of capital assets Net Cash Provided (Used) by Capital and Related Financing Activities Cash Flows From Investing Activities: Interest on Investments Net Cash Provided (Used) by Investing Activities Net Change in Cash and Cash Equivalents Cash and Cash Equivalents - Beginning Cash and Cash Equivalents - Ending Reconciliation of Operating Income (Loss) to Net Cash Provided (Used) by Operating Activities: 44,160 (792,451) 44,160 (792,451) (748,291) - (748,291) 2,751 2,751 141,753 2,063,892 2,205,645 Operating income (loss) 101,671 4,125 6,876 4,125 6,876 383,826 525,579 3,398,919 5,462,811 3,782,745 5,988,390 173,723 275,394 Adjustments: Depreciation 738,022 - 738,022 (Increase) decrease in accounts receivable 133 106,246 106,379 (Increase) decrease in inventory (3,746) - (3,746) Increase (decrease) in accounts payable 64,573 105,100 169,673 Increase (decrease) in accrued wages and benefits (13,360) - (13,360) Increase (decrease) in unearned revenue - (5,368) (5,368) Total Adjustments 785,622 205,978 991,600 Net Cash Provided (Used) by Operating Activities 887,293 379,701 1,266,994 Schedule of Non-cash Investing, Capital and Financing Activities: Assets donated by Capital Projects Fund 176,307 - 176,307 The accompanying notes are an integral part of these financial statements. F8 June 6, 2017 - Page 112 of 311 Project Number Town of Vail, Colorado Capital Projects Fund Schedule of Project Expenditures - Budget (GAAP Basis) and Actual For the Year Ended December 31, 2016 With Comparative Actual Amounts For the Year Ended December 31, 2015 Project Name 2016 2015 Variance Final Positive Budget Actual (Negative) Actual CBI010 Fire Infrastructure / Main Vail Fire Stn 3,569,130 2,730,902 838,228 30,870 CBI018 Info Center Remodel - 64,030 CBI021 Donovan Park Pavilion 5,000 5,000 531 CB1025 Colorado Ski Museum Renovation 500,000 500,000 CEP001 Fire Truck Purchase - - 414 CEP002 Hybrid Bus Battery Replacement 431,772 431,772 8,228 CEP004 Replace Buses 3,524,000 4,000 3,520,000 47,714 CEP005 Hardware Purchases 150,000 143,002 6,998 166,747 CEP007 Phone System Upgrade 56,778 47,797 8,981 42,461 CEP008 Parking Entry System - - 156,377 CEP010 Network Upgrades 30,000 27,745 2,255 150,855 CEP011 Document Imaging 30,000 27,416 2,584 60,267 CEP018 Web and E-commerce 12,000 6,698 5,302 2,400 CEP019 Computer -Aided Dispatch (CAD/RMS) 50,000 48,146 1,854 43,979 CEP022 Audio Visual 40,000 39,390 610 37,635 CEP024 Police E -Ticketing System 151,024 98,572 52,452 38,776 CEP025 Fire operations breathing apparatus 46,603 45,000 1,603 17,797 CEP026 Fire Equipment 16,000 15,936 64 21,890 CEP030 Vehicle expansion 410,000 180,822 229,178 CEP031 Software Licensing 51,000 50,731 269 56,287 CEP033 Data Centers / Computer Rooms 1,000,000 120,964 879,036 CEP035 Comm Dev Arc/GIS System - - - 15,806 CEP036 Business Systems 44,079 43,573 506 73,964 CEP038 Police Equipment 50,459 48,495 1,964 CEP040 Transit Center Generator 241,200 203,248 37,952 8,800 CEP042 Bus Camera System 54,358 4,050 50,308 295,642 CEP043 Police Body Worn Cameras 69,585 62,258 7,327 CEP044 BusWash Equipment 250,000 236,912 13,088 CEP045 Resot Application 65,000 65,000 CHP001 Buy -Down Program 3,043,324 436,119 2,607,205 200,471 CHP020 Chamonix Housing Development 1,795,013 1,032,465 762,548 204,987 CHP021 Buzzard Park Window Replacement 175,000 134,963 40,037 CMP007 Transportation Master Plan 150,000 88,764 61,236 CMT003 Bus Shelter Replacement Program 50,000 9,388 40,612 3,848 CMT004 Capital Street Maintenance 1,290,000 1,167,170 122,830 1,431,864 CMT005 Facility Capital 341,125 286,944 54,181 638,582 CMT007 Parking Structure Maintenance 703,000 546,174 156,826 355,925 CMT009 Energy Enhacements 92,900 92,900 255,044 CMT010 Underground Utilities 230,000 230,000 33,293 CMT012 Flood Repairs - 105,436 CMT016 Public Works Wash Down 250,000 3,033 246,967 CMT017 Slifer Plaza Fountain and Storm Sewer 150,000 44,679 105,321 COT002 Street Light Improvement Program 202,192 136,935 65,257 20,761 COT004 Fiber -Optics in Buildings 40,474 25,682 14,792 54,416 COT018 Chamonix Area Plan - - - - COT022 Municipal Complex Redevelopment 6,475,770 116,440 6,359,330 24,230 COT023 Covered Bridge Repairs - 110,600 COT024 West Forest Road Bridge Repiar 350,000 2,503 347,497 COT025 Kinnickinnick(West) Bridge Repair 350,000 8,362 341,638 CSC016 Guest Services Enhancements 1,077,624 121,510 956,114 299,290 CSC017 Pedestrian Safety Enhacements 410,000 410,000 CSR007 Neighborhood Road Reconstruction 79,006 18,516 60,490 395,994 CSR008 Neighborhood Bridges 503,412 117,804 385,608 96,588 VRA009 Lionshead Parking Entry - - - 83,339 VRA010 1-70 Underpass 3,682,438 3,043,851 638,587 1,228,154 VRA013 East Lionshead Circle Pathway 100,000 100,000 VRA014 Dobson Plaza 100,000 100,000 VRA015 Public Art-Lionshead 330,000 176,675 153,325 Total 32,819,266 12,178,634 20,640,632 6,884,292 The accompanying notes are an integral part of these financial statements. F9 June 6, 2017 - Page 113 of 311 Town of Vail, Colorado Special Revenue Funds Real Estate Transfer Tax Fund Schedule of Project Expenditures - Budget (GAAP Basis) and Actual For the Year Ended December 31, 2016 With Comparative Actual Amounts For the Year Ended December 31, 2015 2016 2015 Variance Project Final Positive Number Project Name Budget Actual (Negative) Actual CCF001 Golf Clubhouse Redevelopment 9,130,363 8,052,451 1,077,912 2,102,225 CCF002 Ford Park Fields Redevelopment 392,190 78,862 313,328 52,878 RFP005 Alpine Gardens Pledge 69,010 69,010 - 67,000 RFP007 Alpine Gardens Contribution - - - 500,000 RFP009 Ford Park - Improvements - - - 1,368,076 RFP017 Ford Park Portal Improvements 510,000 179,296 330,704 - RFP018 Ford Park Parking Lot Slope Revegetation - - - 78,255 RFP019 Ford Park Landscape Improvements 200,000 24,703 175,297 - RMG008 Walking Mountains Actively Green - - - 38,500 RMT001 Recreation Path Maintenance 104,000 9,589 94,411 117,158 RMT002 Tree Maintenance 65,000 45,730 19,270 55,122 RMT005 Street Furniture - Streetscape 77,033 69,445 7,588 222,987 RMT006 Eagle River Watershed Programs 68,260 53,480 14,780 39,980 RMT009 Park/Playground Capital Maintenance 104,981 104,981 - 93,719 RMT016 Ford Park / Tennis Center Improvements 58,244 - 58,244 - RMT018 Dobson Ice Arena 54,089 9,745 44,344 4,254 RMT019 Gymnastics Center 40,800 5,200 35,600 - RMT024 Athletic Fields 21,250 - 21,250 - RMT025 Nature Center 69,754 - 69,754 - RMT027 Golf Course - Other Improvements 551,822 8,954 542,868 13,200 RMT028 Flood Repairs 397,457 31,622 365,835 407,086 RMT030 East Vail Interchange Improvements 125,000 100,957 24,043 - RMT032 Intermountain Fuels Reduction 63,700 63,700 - - RPD011 Skate park 294,664 294,664 - 1,373,614 RPD012 Booth Creek Playground & Park - - - 18,852 RPD015 Booth Creek Park Redevelopment 2,422,200 2,037,432 384,768 - RPD016 Donovan Park Master Plan 375,661 310,714 64,947 8,339 RPD017 Chalet Road Sport Courts 1,047,630 728,999 318,631 2,370 RPI006 Streamtract Improvements 780,561 196,986 583,575 219,439 RPI007 Water Quality/ Storm Water 1,000,000 176,440 823,560 121,795 RPI008 East Vail Water Quality TAPS 125,000 84,889 40,111 - RPT007 Trailhead Signs/Development - - - 10,000 RPT019 Library Recreation Path 10,000 - 10,000 906,598 RPT020 Open Lands 224,452 47,260 177,192 25,548 RRT001 Public Art 511,229 30,385 480,844 - RRT006 Public Art - Winterfest 42,838 28,833 14,005 40,943 Total 18,937,188 12,844,327 6,092,861 7,887,938 The accompanying notes are an integral part of these financial statements. F10 June 6, 2017 - Page 114 of 311 LOCAL HIGHWAY FINANCE REPORT June 6, 2017 - Page 115 of 311 The public report burden for this information collection is estimated to average 380 hours annually. Financial Planning 02/01 Form # 350-050-36 LOCAL HIGHWAY FINANCE REPORT City or County: Vail YEAR ENDING : December 2016 This Information From The Records Of Town of Vail: Prepared By: Kathleen Halloran Phone: 970-479-2116 I. DISPOSITION OF HIGHWAY -USER REVENUES AVAILABLE FOR LOCAL GOVERNMENT EXPENDITURE ITEM A. Local Motor -Fuel Taxes B. Local Motor -Vehicle Taxes C. Receipts from State Highway- User Taxes D. Receipts from Federal Highway Administration 1. Total receipts available 2. Minus amount used for collection expenses 3. Minus amount used for nonhi . wa . . oses 4. Minus amount used for mass transit I 5. Remainder used for highway purposes II. RECEIPTS FOR ROAD AND STREET PURPOSES III. DISBURSEMENTS FOR ROAD AND STREET PURPOSES ITEM AMOUNT ITEM AMOUNT A. Receipts from local sources: A. Local highway disbursements: ■ 1. Local highway -user taxes 1. Capital outlay (from page 2) 4,296,805 a. Motor Fuel (from Item I.A.5.) 2. Maintenance: 2,756,567 b. Motor Vehicle (from Item I.B.5.) 3. Road and street services: c. Total (a.+b.) a. Traffic control operations 374,912 2. General fund appropriations 7,502,190 b. Snow and ice removal 1,119,052 3. Other local imposts (from page 2) 891,635 c. Other 4. Miscellaneous local receipts (from page 2) - d. Total (a. through c.) 1,493,964 5. Transfers from toll facilities 4. General administration & miscellaneous 343,695 6. Proceeds of sale of bonds and notes: 5. Highway law enforcement and safety 1,347,337 a. Bonds - Original Issues 6. Total (1 through 5) 10,238,368 b. Bonds - Refunding Issues B. Debt service on local obligations: c. Notes 1. Bonds: ■ d. Total (a. + b. + c.) - a. Interest 7. Total (1 through 6) 8,393,825 b. Redemption B. Private Contributions 1,599,436 c. Total (a. + b.) - C. Receipts from State government (from page 2) 2. Notes: 245,107 a. Interest D. Receipts from Federal Government (from page 2) b. Redemption - c. Total (a. + b.) - E. Total receipts (A.7 + B + C + D) 10,238,368 3. Total (1.c + 2.c) - C. Payments to State for highways D. Payments to toll facilities LE. Total disbursements (A.6 + B.3 + C + D) 10,238,368 (Show all entries at par) Opening Debt Amount Issued Redemptions Closing Debt A. Bonds (Total) - 1. Bonds (Refunding Portion) B. Notes (Total) - V. LOCAL ROAD AND STREET FUND BALANCE A. Beginning Balance B. Total Receipts C. Total Disbursements D. Ending Balance E. Reconciliation 1 - 10,23 8,368 10,23 8,368 Notes and Comments: FORM FHWA-536 (Rev. 1-05) PREVIOUS EDITIONS OBSOLETE 1 Fil (Next Page) June 6, 2017 - Page 116 of 311 LOCAL HIGHWAY FINANCE REPORT STATE: Colorado YEAR ENDING (mm/yy): December 2016 II. RECEIPTS FOR ROAD AND STREET PURPOSES - DETAIL ITEM AMOUNT ITEM AMOUNT A.3. Other local imposts: II A.4. Miscellaneous local receipts: 6 a. Property Taxes and Assessments a. Interest on investments b. Other local imposts: II b. Traffic Fines & Penalities 1. Sales Taxes c. Parking Garage Fees 2. Infrastructure & Impact Fees d. Parking Meter Fees 3. Liens e. Sale of Surplus Property 4. Licenses f. Charges for Services 5. Specific Ownership &/or Other 891,635 g. Other Misc. Receipts 6. Total (1. through 5.) 891,635 h. Other c. Total a. + b. 891,635 i. Total (a. through h.) - (Carry forward to page 1) . (Carry forward to page 1) ITEM AMOUNT ITEM AMOUNT C. Receipts from State Government D. Receipts from Federal Government 1. Highway -user taxes 218,130 1. FHWA (from Item I.D.5.) 2. State general funds 2. Other Federal agencies: 3. Other State funds: a. Forest Service a. State bond proceeds b. FEMA b. Project Match c. HUD c. Motor Vehicle Registrations 26,977 d. Federal Transit Admin d. Other (Specify) e. U.S. Corps of Engineers e. Other (Specify) f. Other Federal f. Total (a. through e.) 26,977 g. Total (a. through f.) - 4. Total 1. + 2. + 3. 245,107 3. Total 1. + 2. (Carry forward to page 1) III. DISBURSEMENTS FOR ROAD AND STREET PURPOSES - DETAIL ON NATIONAL HIGHWAY SYSTEM amr. OFF NATIONAL HIGHWAY SYSTEM b TOTAL (c) A.1. Capital outlay: a. Right -Of -Way Costs b. Engineering Costs 221,953 221,953 c. Construction: (1). New Facilities - (2). Capacity Improvements - (3). System Preservation 4,074,852 4,074,852 (5). Total Construction (1) + (2) + (3) + (4) - 4,074,852 4,074,852 d. Total Capital Outlay (Lines 1.a. + 1.b. + 1.c.5) - 4,296,805 4,296,805 (Carry forward to page 1) Notes and Comments: FORM FHWA-536 (Rev.1-05) PREVIOUS EDITIONS OBSOLETE 2 F12 June 6, 2017 - Page 117 of 311 UNDERTAKING TO PROVIDE CONTINUING DISCLOSURE June 6, 2017 - Page 118 of 311 Town of Vail, Colorado Issuer's Annual Report Update of Official Statement Tables to be Updated Tables I, II and III December 31, 2016 TABLE I Vail Reinvestment Authority History of Pledged Revenues 2012 2013 2014 2015 2016 Pledged Revenues 3,173,261 Levy Year 3,188,389 3,373,916 3,541,546 3,673,030 TABLE II Vail Reinvestment Authority History of Assessed Valuations Valuation Valuation Total Assessed Percent Allocable Allocable Collection Year Valuation Change to Base to Increment 2011 2012 146,243,940 83,179,120 63,064,820 2012 2013 166,325,430 13.7% 94,467,810 71,857,620 2013 2014 162,091,770 -2.5% 90,762,320 71,329,450 2014 2015 175,857,330 8.5% 99,317,520 76,539,810 2015 2016 178,203,030 1.3% 99,314,850 78,888,180 TABLE III Mill Levies Affecting Property Owners within the Vail Reinvestment Authority Plan Area Tax Areas 2011/2012 2012/2013 2013/2014 2014/2015 2015/2016 202 46.9400 46.2540 47.0140 45.2100 51.1300 203 45.3560 44.7780 45.4720 44.1460 49.7500 204 61.1170 60.1000 60.8760 55.7010 61.4300 206 46.9400 46.2540 47.0140 45.5210 51.1300 207 86.9400 86.2540 87.0140 80.5210 86.1300 208 71.9400 71.2540 72.0140 67.3960 73.0100 216 225 G1 June 6, 2017 - Page 119 of 311 Town of Vail, Colorado Issuer's Annual Report Update of Official Statement of Tables to be Updated Tables IV and V December 31, 2016 TABLE IV Largest Taxpayers in the Authority Taxpayer Name Diamondrock LLC Ritz-Carlton Development Co Inc Arrrabelle at Vail Square LLC Vail Corp Lion Vail LLC A Belle Vail Co LLC Lazier Lionshead LLC RCR Vail LLC SOHO Development LLC Arrrabelle at Vail Square LLC 2016 Preliminary Assessed Valuation 20,712,770 11,138, 560 7,830,000 3,817,430 3,120,460 2,966,610 2,817,120 1,696,940 1,437,130 1,186,040 Total 178,203,030 Percentage of Total Assessed Valuation 11.6% 6.3% 4.4% 2.1% 1.8% 1.7% 1.6% 1.0% 0.8% 0.7% TABLE V 2016 Preliminary Assessed Valuation of Classes of Property in the Authority Total Percentage of Total Class Assessed Valuation Assessed Valuation Residential 128,433,560 72% Commercial 49,025,940 28% Vacant 637,060 0% State assessed 106,470 0% Total 178,203,030 100% G2 June 6, 2017 - Page 120 of 311 Town of Vail, Colorado Issuer's Annual Report Update of Official Statement Tables to be Updated Table VI December 31, 2016 TABLE VI History of Revenues, Expenditures and Changes in Fund Balance Vail Reinvestment Authority 2012 2013 2014 2015 2016 Revenues: Other: Property tax 3,383,493 3,413,188 3,662,130 3,837,261 3,959,506 Interest on investments 12,817 1,714 1,219 937 2,062 Interest subsidy (Build America Bonds) 180,619 166,259 167,524 167,896 168,246 Total Revenues 3,576,929 3,581,161 3,830,873 4,006,094 4,129,814 Expenditures: Economic Development: Administration 59,352 60,133 65,282 67,167 69,772 Fiscal agent fees - 2,200 2,200 2,420 2,420 Treasurer's fees 101,512 102,396 113,259 115,121 118,789 Professional fees 1,535 413 5,435 11,623 2,810 Vail Square Metro District 403,668 392,772 456,957 464,548 456,784 Total Economic Development: 566,067 557,914 643,134 660,879 650,575 Debt Service: Principal 445,000 460,000 475,000 490,000 500,000 Interest 618,778 605,203 591,178 577,928 564,928 Total Debt Service: 1,063,778 1,065,203 1,066,178 1,067,928 1,064,928 Total Expenditures 1,629,845 Excess (Deficiency) of Revenues Over Expenditures 1,947,083 Other Financing Sources (Uses): Transfers out Total Other Financing Sources (Uses) Net Change in Fund Balance Fund Balance - January 1 Fund Balance - December 31 (5,354,864) (5,354,864) 1,623,117 1,709,312 1,958,044 2,121,561 (1,842,286) (3,049,280) (1,842,286) (3,049,280) (3,407,780) 115,758 10,143, 991 6,736,211 1,728,807 1,715,503 2,277,287 2,414,311 (2,757,636) (3,546,063) (2,757,636) (3,546,063) (927,719) (480,349) (1,131,752) 6,736,211 6,851,969 6,851,969 5,924,250 G3 5,924,250 5,443,901 5,443,901 4,312,149 June 6, 2017 - Page 121 of 311 Town of Vail, Colorado Issuer's Annual Report Update of Official Statement of Tables to be Updated Tables VII and VIII December 31, 2016 TABLE VII 2016 Budget Summary and Actual Comparison / 2017 Budget Vail Reinvestment Authority Revenues: Other: Property tax Interest on investments Interest Subsidy (Build America Bonds) Total Revenues 2016 Budget 4,172,000 1,600 167,444 4,341,044 2016 Actual 3,959,506 2,062 168,246 2017 Budget 4,310,390 1,600 168,337 4,129,814 4,480,327 Expenditures: Economic Development: Administration 73,180 69,772 75,640 Fiscal agent fees 2,200 2,420 2,200 Treasurer's fees 125,160 118,789 129,312 Professional fees 10,000 2,810 10,000 Vail Square Metro District 497,610 456,784 512,539 Total Economic Development: 708,150 650,575 729,691 Debt Service: Principal 500,000 500,000 515,000 Interest 564,928 564,928 547,753 Total Debt Service: 1,064,928 1,064,928 1,062,753 Total Expenditures 1,773,078 1,715,503 1,792,444 Excess (Deficiency) of Revenues over Expenditures 2,567,966 2,414,311 2,687,883 Other Financing Sources (Uses): Transfers out (4,622,101) (3,546,063) (3,585,000) Net Change in Fund Balance (2,054,135) (1,131,752) (897,117) Fund Balance - January 1 5,443,901 5,443,901 3,389,766 Fund Balance - December 31 3,389,766 4,312,149 2,492,649 TABLE VIII Outstanding Revenue Obligations Outstanding Issue Principal Vail Reinvestment Authority Tax Increment Revenue Bonds, Series 2010A $ 1,050,000 Vail Reinvestment Authority Tax Increment Revenue Bonds, Series 2010B 8,270,000 Total $ 9,320,000 G4 June 6, 2017 - Page 122 of 311 TOWN Of9 VAIL TOWN COUNCIL AGENDA MEMO ITEM/TOPIC: Colorado Snowsports Museum and Hall of Fame Capital Project Update PRESENTER(S): Susie Tjossem, Executive Director, Colorado Snowsports Museum and Hall of Fame ACTION REQUESTED OF COUNCIL: Provide staff with direction regarding the amount and timing of the town's contribution toward this project. BACKGROUND: In 2016, Town Council approved a $500,000 capital contribution to the renovation of the Colorado Snowsports Museum and Hall of Fame. Since that time, construction bids came in higher than anticipated. The Museum is presenting an update of costs and cash flow projections for the project. STAFF RECOMMENDATION: Provide staff with direction regarding the amount and timing of the town's contribution toward this project. ATTACHMENTS: Description Ski Museum June 6, 2017 - Page 123 of 311 TOWN OF VAIL' Memorandum TO: Town Council FROM: Finance Department, Public Works Department DATE: June 6, 2017 SUBJECT: Colorado Snowsports Museum and Hall of Fame Project Update I. SUMMARY During Council's discussion of the budget supplemental on May 2nd, questions were raised about the $500,000 appropriated for the Ski Museum's renovations in relation to a revised project scope that was presented to Council earlier that day. On May 16, staff provided additional information (see below). During that meeting, Council had follow up questions regarding the amount of financial commitment from donors that had already been received, or "cash in the bank". Attached is a memo with additional information from Susie Tjossem, Executive Director outlining the cash flow of pledges and a timeline of construction and financing for the project. **The following BACKGROUND information is a repeat of what was provided to Council on May 16 for reference. Any updates are highlighted in yellow** II. BACKGROUND During the 2016 Budget process, the Ski Museum was granted a capital contribution of $500,000 from Town Council. As noted in the contribution letter to the Museum, the contribution is "to be used towards the expansion and remodel of the Colorado Ski Museum. Contribution is contingent upon it's usage for only capital infrastructure and can not be used towards tenant finishes or museum exhibits. This contribution is also conditional upon those dollars as a "last in" contribution to meet total project costs." At the time of the budget hearings, the project scope included an expansion of 650 square feet, removal of drop ceilings, and installation of cutting-edge museum technology and exhibits. The total project budget of $2,563,766 was split between $1,274,266 for construction -related costs and $1,289,500 for exhibit / interior tenant finishes. The town's $500,000 contribution represented 39% of the construction -related costs. When the Museum obtained a hard bid for construction in November 2016, they were met with a 50% increase in costs, or total project estimate of $1,913,705. Due to the large increase, the Museum board developed a revised plan to stay within the original $1,275,000 capital project budget (construction -related costs only) while keeping with the original goals for the renovation. Please refer to Attachment A, which shows the original cost estimate of $1,274,125, the hard bid of $1,913,705 (as of 11/15/16), a revised plan of $1,175,544 (as of 5/16/17) and most recently a final bid of $1,351,405, which is a $175,861 increase from what Council saw on May 16th. The revised plan includes a remodel of the airlock entry into usable exhibit space, moving the entry to align with visitor June 6, 2017 - Page 124 of 311 flow patterns, eliminating the aged drop ceilings, moving and remodeling the 24 year old bathrooms and kitchen (ADA compliant) and moving the gift shop space. By deploying the double door airlock space to exhibit space, the Museum gained 187.5 new square feet and 314 of circulation space was eliminated. The 314 of eliminated square footage provided a cost savings of $650,000, bringing the bid cost back down to original estimates of $1.2M. Under the revised plan, the town's $500,000 represents 37% of construction -related costs. III. DISCUSSION Funding Level Based on the additional information gathered, it appears that the town's contribution of $500,000 is not significantly different than the pro -rata amount approved in 2016 (a 3% increase). The Museum was able to trim $650,000 from the project by eliminating 314 square feet of expansion. Does Town Council have further questions or concerns relating to the planned changes to the Museum's remodel? Funding Timing The contribution from Town Council indicated that the town's funds would be "last in". Staff is requesting clarification of this term in fairness to the Museum as they will need to chart out cash flow of the project. In staff's opinion, this term could mean two things: • The town makes a payment after all other pledges and financing are collected, or • The town makes a payment after bank financing or loan is in place and 100% of the pledges needed are confirmed in writing. The second option allows the Museum to obtain funding sooner however staff recommends that the town require documentation of both bank financing and pledges prior to making payment. This conservative approach is appropriate given the Museum's dependency on donations to cover the cost of the project. IV. REQUEST OF COUNCIL Staff and the Museum provided additional information on the revised plans for renovations. The Museum is requesting confirmation from Council regarding the $500,000 contribution from the town that was previously granted back in 2016. Staff is also requesting that Town Council clarify the requirement of "last -in", specifically with a request for documentation that supports both bank financing and pledges prior to making a payment. - 2 June 6, 2017 - Page 125 of 311 COLORADO SNOWSPORTS MUSEUM HALL OF FAME Memorandum TO: Town Council FROM: Susie Tjossem Colorado Snowsports Museum Executive Director DATE: June 6, 2017 SUBJECT: Capital Project Contribution Confirmation, Last -In Clarification and Lease Extension During the May 16, 2017 Council Work Session, questions arose that could not be answered by the Museum representative which I would like to address. During the 2016 Budget process, the Ski Museum was granted a capital contribution of $500,000 from Town Council. As noted in the Town of Vail contribution letter to the Museum, the contribution is "to be used towards the expansion and remodel of the Colorado Ski Museum. Contribution is contingent upon it's usage for only capital infrastructure and cannot be used towards tenant finishes or museum exhibits. This contribution is also conditional upon those dollars as a "last in" contribution to meet total project costs." At the time of the budget hearings, the project scope included an expansion of approximately 650 square feet, replacement of bathrooms/kitchen, removal of drop ceilings, and installation of cutting- edge museum technology and exhibits. The total project budget of $2,563,625 was split between $1,274,125 for construction -related costs $1,289,500 for exhibit and Museum direct costs. The total project budget was $2,563,625. The town's $500,000 contribution represented 40% of the construction - related costs. When the Museum obtained a hard bid for the construction in November 2016, they were met with a 50% increase in costs, or total project estimate of $1,913,705. Due to the large increase, the Museum board developed a revised plan to stay within the original $1,275,000 capital project budget (construction -related costs only) while keeping with the original goals for the renovation. The revised plan includes a remodel of the airlock entry into usable exhibit space, moving the entry to align with visitor flow patterns, eliminating the aged drop ceilings, moving and remodeling the 24 year old bathrooms and kitchen (ADA compliant) and moving the gift shop space. By deploying the double door airlock space to exhibit space, the Museum gained 187.5 new square feet while 314 sq ft of the planned new circulation space was eliminated. The Museum estimated the 314 of eliminated square footage provided a cost savings of $650,000, bringing the bid cost back down closer to the original estimate of $1.274M. The Museum was under the impression this plan change, which had been discussed with the Town Manager on 1.11.17, had been approved and the $500,000 contribution was secure. We apologize for any confusion by council or staff due to this gap in communication. Since the May 16th meeting we have received "hard bid" from G.E. Johnson. Unfortunately the construction only related costs are now estimated to be $1,351,405; a $175,861 (15%) increase. June 6, 2017 - Page 126 of 311 Given the current construction estimate, the town's $500,000 now represents 37% of construction - related costs which is 3% less than the pro -rata established during 2016 Budget. If the Town of Vail contribution was increased by $40,562 the 40/60% pro -rata would be preserved. This could be accomplished, in part, by eliminating $31,950 in TOV Building Permit and Plan review fccc. In addition to the contribution confirmation the Museum needs to know the exact date the Town of Vail contribution will be made available. There have been many differing assumptions on what was meant by "last in". The projects cash flow analysis, which I have provided, assumes a December 1, 2017 contribution date for TOV. By that time the Museum would have already tapped into all the campaign cash, on hand, and our 2 -year $550,000 short term loan that is in the process of being arranged to bridge the gap between the 3 -year pledge collection span. The Museum is now closed for construction to the chagrin of our many loyal visitors. The exhibits have been dismantled and the ceiling tiles are about to be removed. We can all look forward to a fabulous new museum next November. June 6, 2017 - Page 127 of 311 Colorado Snowsports Museum Capital Project Construction Estimates $ 540,562 $ 810,843 40%/60% June 6, 2017 - Page 128 of 311 2014 Assumption Original Plan GEJ 11.1.16 Revised Plan Estimate 1.1.17 Revised Plan GEJ 5.31.17 Change Demolition and Protection of Finishes $ 53,588 $ 30,400 $ 30,400 Concrete $ 16,691 $ 3,500 $ 3,500 Masonory $ 14,906 $ 13,980 $ 13,980 Structural Steel $ 105,359 $ 2,500 $ 2,500 Rough Carpentry $ 44,246 $ 25,000 $ 25,000 Interior Trim -Cabinets $ 15,000 $ 15,000 $ 15,000 $ - Exterior Envelope-Stucco/FIFS Repairs, Waterproofing/Roofing $ 89,903 $ 5,000 $ 64,529 $ 59,529 Fireproofing repair allowance $ 10,000 $ 10,000 $ 10,000 $ - Windows, Doors & Hardware, Appliances $ 79,967 $ 23,500 $ 33,173 $ 9,673 Retail Fixtures/Office FFE $ 205,000 $ 205,000 $ 205,000 $ - Drywall and framing $ 72,500 $ 72,500 $ 70,800 $ (1,700) Painting $ 19,767 $ 13,752 $ 19,767 $ 6,015 Flooring -Wood, Stone, Carpet LVT $ 98,979 $ 75,000 $ 40,787 $ (34,213) Signage allowance $ 10,000 $ 10,000 $ 10,000 $ - Fire Sprinkler $ 41,684 $ 41,684 $ 20,421 $ (21,263) Mechanical (Plumbing) $ 205,000 $ 90,000 $ 108,700 $ 18,700 Mechanical (Duct-Airhandling) $ 40,000 $ 30,000 $ 30,000 $ - Electric and Fire Alarm $ 155,067 $ 155,067 $ 151,778 $ (3,289) Existing MEP Repair Allowance $ 10,000 $ 10,000 $ (10,000) Fire Rating Code Repair Allowance $ 15,000 $ 15,000 $ 15,000 $ - General Conditions & General Requirements $ 164,648 $ 100,000 $ 164,648 $ 64,648 Estimating Contingency $ 54,883 $ 25,000 $ 31,767 $ 6,767 Construction Contingency $ 54,973 $ 25,000 $ 31,767 $ 6,767 Escalation $ 30,186 $ 19,856 $ (19,856) Building Permit & Plan Review Fees $ 51,883 $ 34,128 $ 31,950 $ (2,178) Warranty Reserve $ 2,385 $ 1,000 $ 1,295 $ 295 General Liability Insurance $ 19,883 $ 13,709 $ 10,794 $ (2,915) Builders Risk Insurance $ 2,861 $ 1,882 $ 864 $ (1,018) DCI Insurance $ 432 $ 432 SDI lnsurance $ 15,906 $ 10,463 $ 8,635 $ (1,828) CM/GC Fee $ 95,437 $ 60,000 $ 86,352 $ 26,352 Construction Materialas Testing and Inspection $ 10,000 $ 5,000 $ 5,000 $ - Preconstruction Services $ 8,003 $ 8,003 $ 7,566 $ (437) A & E $ 100,000 $ 100,000 $ 100,000 $ - Total Construction Project Costs $ 1,274,125 $ 1,913,705 $ 1,175,544 $ 1,351,405 $ 175,861 TOV $ 500,000 $ 500,000 $ 500,000 $ 500,000 Balance $ 774,125 $ 1,413,705 $ 675,544 $ 851,405 40%/60% 26%/74% 43%/37% 37%/64% Condit Exhibits/AV $ 1,084,500 $ 1,084,500 $ 902,195 $ 902,195 CSSM Direct Project Expense $ 205,000 $ 205,000 $ 300,000 $ 200,000 Total Transformation Capital Project $ 2,563,625 $ 3,203,205 $ 2,377,739 $ 2,453,600 $ 540,562 $ 810,843 40%/60% June 6, 2017 - Page 128 of 311 Colorado Snowsports Museum and Hall of Fame Capital Project Cash Flow Report 5.31.17 Income Cash Flow A B C D E F G H I Source Total Pledged Payments Received thru 5.31.17 Payments tied to Building Permit Anticipated Total Received as of 7.31.17 Balance Due Payments Aug -Nov Payments by 12/1/2017 Payment 2018 Payment 2019 Board of Directors $ 369,626 $ 188,269 $ 105,500 $ 293,769 $ 75,857 $ 15,275 $ 36,832 $ 23,750 Restricted Grants $ 6,010 $ 6,010 $ - $ 6,010 $ - Hall of Fame- Non -Vail $ 121,350 $ 96,350 $ 96,350 $ 25,000 $ 16,000 $ 6,000 $ 3,000 Hall of Fame- Vail $ 139,311 $ 97,311 $ 25,000 $ 122,311 $ 17,000 $ 16,000 $ 1,000 Dartmouth Alumni $ 10,750 $ 10,750 $ - $ 10,750 $ - Individuals $ 448,170 $ 102,470 $ - $ 102,470 $ 345,700 $ 75,000 $ 30,350 $ 240,350 Colorado Ski Resorts - non VR $ 15,100 $ 100 $ 15,000 $ 15,100 $ - Vail Resorts $ 60,000 $ 50,000 $ 50,000 $ 10,000 $ 5,000 $ 5,000 Tenth Mountain Division $ 184,500 $ 129,500 $ 5,000 $ 134,500 $ 50,000 $ 25,000 $ 25,000 Vail Community $ 198,775 $ 116,275 $ 60,000 $ 176,275 $ 22,500 $ 17,500 $ 5,000 $ - Town of Vail $ 500,000 $ - $ - $ 500,000 $ 500,000 Total Commited Donors $ 2,053,592 $ 797,035 $ 210,500 $ 1,007,535 $ 1,046,057 $ 644,775 $ 109,182 $ 292,100 Prospective Donors $ 400,000 $ - 0 $ - $ 400,000 $ 200,000 $ 50,000 $ 75,000 $ 75,000 Total Donations $ 2,453,592 $ 797,035 $ 210,500 $ 1,007,535 $ 1,446,057 $ 200,000 $ 694,775 $ 184,182 $ 367,100 A B C D E F G H I Expense Cash Flow Budget Paid to date June July Aug -Sept Oct -Nov Dec Total Estimate Construction Related $ 1,351,405 $ 49,017 $ 24,000 $ 100,000 $ 100,000 $ 450,000 $ 628,388 $ 1,351,405 Exhibits $ 902,195 $ 109,467 $ 2,800 $ 369,825 $ 11,870 $ 145,339 $ 262,894 $ 902,195 CSSM Project Related $ 200,000 $ 57,000 $ 9,000 $ 21,000 $ 47,000 $ 33,000 $ 33,000 $ 200,000 $ 2,453,600 $ 215,483 $ 35,800 $ 490,825 $ 158,870 $ 628,339 $ 924,282 A B C D E F G H Cash Flow Analysis Early Cash June July Aug -Sept Oct -Nov Dec -17 Dec -18 Dec -19 Cash Beginning Balance 797,035 581,552 $ 545,752 $ 265,427 $ 106,557 $ 228,218 $ (1,289) Project Donations $ 210,500 $ 200,000 $ 694,775 $ 184,182 TOV Last In Expense 215,483 $ 35,800 $ 490,825 $ 158,870 $ 628,339 $ 924,282 I 0 Loan (Bridge 3YR Pledges) $ 550,000 Loan Repayment Payment $ - $ - $ 184,182 $ 367,100 Loan Balance $ 550,000 $ 550,000 $ 365,818 $ (1,282) June 6, 2017 - Page 129 of 311 TOWN Of9 VAIL TOWN COUNCIL AGENDA MEMO ITEM/TOPIC: Overview of Big Horn Road and Intermountain South Frontage Road Overhead Power line to underground conversion project PRESENTER(S): Greg Hall Director of Public Works ACTION REQUESTED OF COUNCIL: The Town Council is being asked to provide direction to the staff and Holy Cross Energy regarding underground projects. The staff has posed options which the staff would like direction on at this time. BACKGROUND: The 1999 Town of Vail 20 year Franchise agreement with Holy Cross Energy allowed for the collection of an additional 1`)/0 of gross revenues to be placed into a Community Enhancement Fund. To date the Town of Vail has received $ 2,682,964 of which $ 1,612,868 has been used exclusively for the undergrounding of overhead powerlines. There are nearly 7 miles of overhead lines still within the Town of Vail. The town received $ 196,407 in payment this past year. The Big Horn Road and Intermountain South Frontage Road projects are on a high priority list of projects to be completed. STAFF RECOMMENDATION: Staff recommends the Town Council pursue first the phasing option, and if phasing is not possible the town lend itself the shortfall to be paid back with future enhancement fund payments. Staff would return to council based on this direction and once bids are received based on engineered plans later this year to award the construction contract. ATTACHMENTS: Description Staff memo Big Horn Project South Frontage Road Intermountain Project June 6, 2017 - Page 130 of 311 TOWN OF VAIIL. Memorandum TO: Vail Town Council FROM: Greg Hall, Director of Public Works and Transportation DATE: June 6, 2017 SUBJECT: Undergrounding of Holy Cross Energy overhead lines update I. PURPOSE The purpose of this meeting is to present an update on the potential undergrounding of Holy Cross Energy overhead lines. Information to be presented includes: • Holy Cross Energy Franchise Agreement and the 1% Community Enhancement funds • Previous underground projects • Update on cost estimates for Big Horn Road and Intermountain South Frontage Road • Council direction with regard to undergrounding projects II. BACKGROUND In 1999 Holy Cross Energy and the Town of Vail entered into a 20 year franchise agreement. A part of the agreement established the community enhancement funds collected by Holy Cross by assessing an additional 1% to customers to generate funds to be used by the Town. In this timeframe the Town of Vail has received $ 2,682,964 of which $ 1,612,868 has been used exclusively for the undergrounding of overhead powerlines. There are nearly 7 miles of overhead lines still within the Town of Vail. The town received $ 196,407 in payment this past year. The initial project was the undergrounding of power lines along the south frontage road from the west vail interchange to Cascade Village. In subsequent years the town has participated with individuals and neighborhoods on leveraging our funds to underground overhead lines. In 2013 as the funding was being drawn down the town identified with Holy Cross Energy, 5 lines as priorities in order to better plan over the long term the use of the funds. These 5 projects were estimated at the time to cost in the millions to complete. Two of those lines were the Big Horn Road and the Intermountain South Frontage Road projects. III. PROJECT DESCRIPTION June 6, 2017 - Page 131 of 311 Big Horn Road Project This project was started nearly 8 years ago and has been incrementally completed as funds and funding partners allowed. In this time frame approximately 1300 feet of line has been undergrounded. Town staff has been working to secure the remaining funds to complete the remaining 3300 feet of lines. It was anticipated in 2017 the town would be able to complete the project. See attached map for details. Intermountain South Frontage Road Project The town evaluated this project as part of the initial undergrounding phase, the 4200 LF intermountain underground routing Holy Cross selected at the time was to follow the existing line. In addition, the town could only advance up to a maximum of three years of future payments from Holy Cross, limiting the funds available for undergrounding. This required the town to prioritize between the two sections of south frontage road and it was decided to undertake the more eastern portion. In 2013 the town added this portion as one of the five prioritized projects. See attached map VI. PROJECT ESTIMATES AND PROJECTED REVENUE The town requested Holy Cross Energy to update our planning documents as well as the cost of Holy Cross Energy required work for each project. The town then solicited estimates from a local excavating contractor for both projects. In addition, to the work required to have the main power line undergrounded, secondary services are also required to be underground from overhead transformers on poles to ground set transformers to the service meter. Holy Cross Energy does not perform any work for the services. The work required of secondary services requires an electrician, excavator, and electrical plan and permits. In addition, there may be site restoration work with the work performed. Big Horn Road Estimate Holy Cross Energy Work $ 250,000 Excavation of Holy Cross Mains $ 495,000 6 secondary service conversions $ 90,000 Restoration $ 30,000 Engineering $ 25,000 Contingency 15% $ 133,500 Total $1,023,500 South Frontage Road Estimate Holy Cross Energy Work $ 312,000 Excavation of Holy Cross Mains $ 600,000 2 secondary service conversions $ 30,000 Restoration $ 20,000 Engineering $ 20,000 Contingency 15% $ 147,500 Total $1,129,500 2 June 6, 2017 - Page 132 of 311 Funding Available Holy Cross Energy Enhancement Fund Two year advancement of Holy Cross Funds Total Funds Available $ 1,070,100 $ 390,000 $ 1,460,100 The Town of Vail has funds to complete one of the projects this year and it will take approximately 5 years to collect funds to complete the next project. VII. PROJECT OPTIONS The town can pick one project over the other. The town could enter into a new franchise agreement with Holy Cross now verses 2019 to leverage an additional year of funding. This would not be prudent due to possible changes in the industry, it would be recommended to wait until the agreement is expired to ensure it is based on the most up to date information when a new agreement is executed. The town and Holy Cross could explore if one or the other projects could possibly be phased allowing some work to begin on both. The town could loan itself the funding gap and complete the two projects now which may be helpful in bidding a larger project. The town would then pay itself back with enhancement funds as they are provided by Holy Cross Energy over the next 5 years. VIII. ACTION REQUESTED The Town Council is being asked to provide direction to the staff and Holy Cross Energy regarding underground projects. The staff has posed options which the staff would like direction on at this time. IX. STAFF RECOMMENDATION Staff recommends the Town Council pursue first the phasing option, and if phasing is not possible the town lend itself the shortfall to be paid back with future enhancement fund payments. Staff would return to council based on this direction and once bids are received based on engineered plans later this year to award the construction contract. X. ATTACHMENTS a) Big Horn Road Underground Utility Project b) Intermountain South Frontage Road Underground Utility Project 3 June 6, 2017 - Page 133 of 311 6 Ri 20 L12 L7 L18B1OBH3 72 LBGCP 21 84 L6 84 ■ RI1 L5B9 BH3 R8A L16BH2 84 R8 L3B8 BH3 L5B1 BH1 372 373 L1GCP L2B6BI L1 B8 BH3 L1 B1BH1 Ri 184 L19BH Ri 183 Ri 185 L14BH 54-56 85 86 N.O.( ) L16B9 L13BH 84 L9BH RSA L1 B2BH1 0 L12 L1 B7 BH3 27 07 08 L8B: L16 opF 177,781 CO UMBIN S. G. SW 37 CAS 8 L2O-6 75 June 6, 2017 - Page 134 of 311 June 6, 2017 - Page 135 of 311 TOWN Of9 VAIL TOWN COUNCIL AGENDA MEMO ITEM/TOPIC: Stephens Park Discussion about Dogs Off Leash PRESENTER(S): Gregg Barrie, Project Manager ACTION REQUESTED OF COUNCIL: Provide staff with direction in regards to the issue of dog waste in the park BACKGROUND: This need for a discussion of the multi -use nature of the off leash dog area of Stephens Park has been raised due to the excessive dog waste not being removed by dog owners . Stephens Park is a neighborhood park located in the Intermountain neighborhood. In 2004 an area of the park was designated as an off -leash area for dogs. It is a very popular and heavily used area by users from Vail and beyond. Two current issues in the park warrant discussion 1) the park is a multi -use neighborhood park and 2) excessive dog waste. See the attached memorandum for additional information. STAFF RECOM M ENDATION: Staff recommends that a neighborhood meeting at the park should be the first step in resolving the issues outlined above. Proper notice should be provided, and several staff and council members should plan to attend. ATTACHMENTS: Description Stephens Park Memorandum Attachment A June 6, 2017 - Page 136 of 311 TOWN OF VAILL Memorandum To: Vail Town Council From: Department of Public Works Date: June 6, 2017 Subject: Stephens Park Off -leash Area I. INTRODUCTION In April of this year, a resident of Intermountain contacted the Town to see if it was ok to place a lacrosse net in Stephens Park for neighborhood kids play/practice during spring lacrosse season. The Town placed a net loaned to us by the VRD, with the understanding that it would be removed once lacrosse season ends in mid-June. The placement of the net has raised the issue of the multi -use nature of the park and also creates an opportunity to discuss the issue of dog waste left by park users. The purpose of this memo is to highlight issues surrounding the off -leash dog area of Stephens Park. II. BACKGROUND Stephens Park was constructed in the early 1990's as a neighborhood park for the Intermountain neighborhood. Like other Vail neighborhood parks, it consists of a play area, picnic shelter, restroom and open turf area. It is the only open turf area within close walking distance for the neighborhood. The next closest turf areas are Buffehr Creek and Donovan parks, each more than a mile further than Stephen's Park. In 2004, a section of Stephen's Park was added as Vail's second off -leash area, following Bighorn Park in 2003. Ordinance 4, Series 2004 generally allowed dogs to be off -leash in certain areas of Stephens Park, as shown in Exhibit A of the Ordinance (attached). More specifically, it exempted dog owners from some parts of Section 6-4-6 of the Town Code — specifically from the requirements of Physical or Immediate Control if the dog is within the designated area. The ordinance does not designate Stephens Park as a "dog park". The off -leash area is very popular with Vail residents as well as people who live west of Vail. It even shows up as a "dog park" in Google Maps, making it a pit stop along 1-70. III. CURRENT ISSUES There are two main issues currently surrounding the use of the Stephens Park as an off - leash area; 1) the park as a multi -use, neighborhood park and 2) excessive dog waste. The following outlines these issues in more detail. June 6, 2017 - Page 137 of 311 1. Neighborhood Use of the Park • As noted previously, Stephens Park is a neighborhood park with an off -leash area. The temporary placement of the lacrosse net apparently caused concerns for some park users. When the net was placed, there were comments made to both town staff and at least one council member that the net should not be placed in the "dog park." Comments appeared to be in relation to the safety of mixing kids throwing balls amongst dogs. Shortly after the net was in place, someone moved it off to the edge of the turf, tipped it over and a bag of dog waste was placed on it. • It should be noted that a soccer goal was placed in Bighorn Park years ago at the request of, and for the use of the neighborhood. Staff is not aware of any issues related to dogs and kids playing in the park. • Regardless of the park's designation as an off -leash area, Section 2, Part M of the Ordinance states that "nothing in the Section shall exempt a pet animal owner from... exercising Control over his or her dog...at all times." This is especially important in relation to other park users, whether they are dog owners or not. • Placement of the lacrosse net was always anticipated as temporary. The local lacrosse season ends by mid-June. Lacrosse is growing exponentially in Eagle County with more than 400 boys and girls currently part of the Vail LAX Club. The request for practice net is simply related to the sport's popularity. 2. Dog Waste • The excessive quantity of dog waste not being removed by owners is a significant issue. While it peaks in the winter when the waste magically disappears with the next snow, it is a year round problem. • The neighborhood has made efforts to take it on, with one local reportedly removing over 1,000 bags of waste over the course of the winter. • Town crews have reported seeing people drive into the parking lot, letting their dogs out to run while they sit in their vehicles. After a while, they call their dogs and leave, clearly not removing their dog's waste. • Dog waste contributes to poor water quality — especially as snow melts in the spring and months -worth of waste is exposed. In fact, in 1991 dog waste was labeled a non -point source pollutant by the Environmental Protection Agency (EPA), placing it in the same category as herbicides and insecticides, oil, grease, toxic chemicals, and acid mine waste. Dog waste spreads fecal coliform bacteria, giardia, worms, and other parasites which can affect Gore Creek and wildlife. 3. Town of Vail Maintenance • Town crews are in the park regularly during the summer for weekly mowing, playground inspections, irrigation maintenance, trash removal, etc. • When asked about how much dog waste is in the park, one employee quickly responded with "too much to count". • Irrigation crews even reported having a dog coming over and urinating on their shovels while they are working, with no response from the owner. • Maintenance crews should not have to dodge "landmines" while performing their jobs. They are becoming very frustrated with the situation. Town of Vail Page 2 June 6, 2017 - Page 138 of 311 4. Previous Attempts • In 2012, "sandwich board" signs were placed in the park noting that failure to pick up waste could result in loss of the off leash area. Clean-up improved somewhat but is still not at acceptable levels. • Those signs were made "permanent" by being added to signposts, but they are more or less ignored. • Neighborhood residents have made efforts to ensure the park stays clean, and on many days it is. Likewise, many days during the summer, and most days during the winter, piles of dog waste are visible. A casual stroll around the park on a recent visit during mid-day yielded more than a dozen piles in the turf area alone. • No enforcement of the town ordinances has occurred in the park. IV. OPTIONS 1. Hold an afternoon neighborhood meeting at the park that includes members of the Council, staff and park users to discuss the rules and issues related to the off -leash area. According to neighbors, after 6 pm is a busy time at the park and if properly noticed, could go a long ways towards a resolution. 2. Introduce some level of enforcement — even potentially undercover enforcement. 3. Suspension of the off -leash area, permanently or temporarily, if dog waste is not properly disposed of. These could be enacted at any time of year, but would require enforcement. V. CONCLUSION The vandalism to the lacrosse net, though minor, and likely the action of one "bad apple", deserves a response in regards to the multi -use nature of the park. In addition, the excessive waste is not acceptable, even with neighbors who have taken it upon themselves to police the area. It is a health concern, it is a maintenance concern and it is a water quality concern. Park users who utilize the off -leash area should be reminded that Stephens Park is a neighborhood park first, and an off -leash area second, unless the Council determines otherwise and alters the existing Ordinance to reflect that decision. VI. STAFF RECOMMENDATION Staff recommends that a neighborhood meeting at the park should be the first step in resolving the issues outlined above. Proper notice should be provided, and several staff and council members should plan to attend. VII. ACTION REQUESTED BY COUNCIL Provide direction to staff in regards to the issues outlined above Attachments: • Ordinance 4, Series 2004 Town of Vail Page 3 June 6, 2017 - Page 139 of 311 • ORDINANCE NO. 4 SERIES 2004 AN ORDINANCE AMENDING TITLE SIX OF THE VAIL TOWN CODE; EXEMPTING AREAS OF STEPHENS PARK FROM TOWN OF VAIL REQUIREMENTS REGARDING PET ANIMAL OWNERS' IMMEDIATE AND PHYSICAL CONTROL OF DOGS; AND SETTING FORTH DETAILS IN REGARD THERETO. WHEREAS, the Town of Vail, in the County of Eagle and State of Colorado (the "Town"), is a home rule municipal corporation duly organized and existing under laws of the State of Colorado and the Town Charter (the "Charter"); and WHEREAS, the members of the Town Council of the Town (the "Council") have been duly elected and qualified; and WHEREAS, Stephens Park is located within the Town and, when visiting the park, Pet Animal Owners are currently subject to the requirements as set forth in Section 6-4-6 of the Vail Town Code regarding the Immediate and Physical control of dogs; and WHEREAS, it is the Council's desire to exempt certain areas of Stephens Park from Town requirements regarding Immediate and Physical control of dogs. NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, • COLORADO THAT: Section 1. The purpose of this Ordinance is to exempt certain areas of Stephens Park from current Town of Vail Town Code requirements that Pet Animal Owners' exercise either Immediate or Physical control of dogs at all times. Section 2. Section 6-4-6 of the Vail Town Code is hereby amended to read as follows: (additions are shown in bold and underline) 6-4-6: FAILURE TO CONTROL ANIMAL: It shall be unlawful and considered a failure to control an animal when: A. Any dog is off the premises of the owner without the presence of a responsible person having physical control of the dog on any bike path or public park located within the Town or on any area located within the Town and described in Exhibit A attached to Ordinance 5 Series of 1995, made a part of this Section by reference, and which can be found on file in the office of the Town Clerk. B. 1. Any dog is off the premises of the owner in all areas of the Town, other than as specified in subsection A above, without the presence of a person having immediate control of the dog, and Ordinance 4, Series of 2004 1 June 6, 2017 - Page 140 of 311 2. It is an affirmative defense to a violation under this subsection that the responsible person accompanying and having immediate control of the dog was actively engaged in training of the dog which caused the distance between the responsible person and the dog to be greater than ten feet (10'). C. Any dog is on or within one hundred feet (100') of any athletic field or golf course within the Town while any athletic event or activity is in progress, except that a dog may be within one hundred feet (100') of an athletic field or golf course while any athletic event or activity is in progress if the dog is on a public road or right of way. D. Any animal is allowed to become a danger to any person or property. E. Any animal trespasses on, or is tethered upon, any public property where expressly prohibited or private property without the permission of a person owning, leasing, or otherwise controlling the property in question. F. Any dog reaches past the perimeter of the owner's premises with its teeth or claws. G. Any animal is allowed to excrete body waste upon public or private property when the animal owner or other responsible person does not remove the waste in a timely manner. H. Any female dog or cat is not confined during estrus in a house, building, or secure enclosure constructed so that the female dog or cat cannot escape, and no male dog or cat may gain access to the enclosed animal. I. A dog is not under physical control while in the yard of any multiple occupancy building occupied by other persons; or in the common areas of apartments, or condominium developments. J. Any animal is not under physical control in areas posted as requiring any animal to be on a leash/tether by any agency of the Federal government, the State, or the Town. K. Any animal is kept or left in circumstances which constitute neglect, mistreatment, or abandonment, if the keeping or leaving is due to criminal negligence on the part of the animal owner. L. Protective custody of any animal is reasonably necessary. M. Exception: Notwithstanding the provisions set forth in Sections 6-4-6(A) and (B) above, any dog in Bighorn Park and/or Stephens Park, except for those considered as Vicious, Dangerous or Potentially Dangerous, need not be under either Physical Control or Immediate Control of the Pet Animal Owner if said dog is occupying any area described in Exhibit A attached to Ordinance 1, Series 2003 or Exhibit A attached to Ordinance 4, Series of 2004, made a part of this Section by reference, and which can be found on file in the office of the Town Clerk. Nothing in the Section shall exempt a pet animal owner from the provisions of Sections 6 -4 -6(C) -(L) of this Title or from exercising Control over his or her dog, as defined in this Chapter 4, at all times. Section 3. If any part, section, subsection, sentence, clause or phrase of this ordinance is for any reason held to be invalid, such decision shall not affect the validity of the remaining portions of this ordinance; and the Town Council hereby declares it would have passed this ordinance, and each part, Ordinance 4, Series of 2004 2 June 6, 2017 - Page 141 of 311 section, subsection, sentence, clause or phrase thereof, regardless of the fact that any one or more parts, sections, subsections, sentences, clauses or phrases be declared invalid. Section 4. The Town Council hereby finds, determines, and declares that this ordinance is necessary and proper for the health, safety, and welfare of the Town of Vail and the inhabitants thereof. Section 5. The amendment of any provision of the Municipal Code of the Town of Vail as provided in this ordinance shall not affect any right which has accrued, any duty imposed, any violation that occurred prior to the effective date hereof, any prosecution commenced, nor any other action or proceedings as commenced under or by virtue of the provision amended. The amendment of any provision hereby shall not revive any provision or any ordinance previously amended or superseded unless expressly stated herein. Section 6. All bylaws, orders, resolutions, and ordinances, or parts thereof, inconsistent herewith are repealed to the extent only of such inconsistency. This repealer shall not be construed to revise any bylaw, order, resolution, or ordinance, or part thereof, theretofore repealed. Section 7. This ordinance, as adopted by the Town Council, shall be numbered and recorded by the Town Clerk in the official records of the Town. The adoption and publication shall be authenticated by the signatures of the Mayor, or Mayor Pro Tem, and Town Clerk, and by the certificate of publication. Section 8. passage. This ordinance shall be in full force and effect five days after publication following final INTRODUCED, READ, APPROVED, AND ORDERED PUBLISHED ONCE IN FULL ON FIRST READING this 2nd day of March, 2004 and a public hearing shall be held on this Ordinance on the 16th day of March, 2004, at 6:00 p.m. in the Council Chambers of the Vail Municipal Building, Vail, Colorado. ATTEST: l_4) tik Celei onaldso , Town Clerk Ordinance 4, Series of 2004 ti Richard Cleve!: nor Pro -Tem 3 June 6, 2017 - Page 142 of 311 • • INTRODUCED, READ, ADOPTED AND ENACTED ON SECOND READING AND ORDERED PUBLISHED in full this 16thday of March, 2004. t I o - (14_ Rodney E. S ifer,Ma or L relei n aldson, Town Clerk Ordinance 4, Series of 2004 4 June 6, 2017 - Page 143 of 311 s Exhibit A Ordinance No. 4, Series 2004 Stephens Park March 2, 2004 _. O o Foot Path Stephens Park Boundary Indicates areas Not Exempted from requirements regarding a Pet Animal Owner's Immediate and/or Physical Control of dogs as set out in Ordinance No. 4, Series 2004 Indicates areas Exempted from requirements regarding a Pet Animal Owner's Immediate and/or Physical Control of dogs as set out in Ordinance No. 4, Series 2004 100 0 100 Feet June 6, 2017 - Page 144 of 311 (1" = 150') / 843 PROOF OF PUBLICATION STATE OF COLORADO } 1 SS. COUNTY OF EAGLE } I, Robert Brown, do solemnly swear that I am a qualified representative of the Vail Daily. That the same Daily newspaper printed, in whole or in part and published in the County of Eagle, State of Colorado, and has a general circulation therein; that said newspaper has been published continuously and uninterruptedly in said County of Eagle for a period of more than fifty-two consecutive weeks next prior to the first publication of the annexed legal notice or advertisement and that said newspaper has published the requested legal notice and advertisement as requested. That the annexed legal notice or advertisement was published in the regular and entire issue of every number of said daily newspaper for the period of 1 consecutive insertions; and that the first publication of said notice was in the issue of said newspaper dated March 05 A.D. 2004 and that the last publication of said notice was in the issue of said newspaper dated March 05 A.D. 2004. In witness whereof has here unto set my hand this 15th day of March. 2004. Pub isher/General Mana�r Subscribed and sworn to before me, a notary public in and for the County of Eagle, State of Colorado this 15th day of March, 2004. -1 Pamela Joan S ul Notary Public My Commission expires: November 1, 2007 The Vail Daily is an accepted legal advertising medium, only for jurisdictions operating under Colorado's Home Rule provision. June 6, 2017 - Page 145 of OF 'OE- C0 RE- OF AE CO4mty;ot Ea - the Sect� s LURE'T .0 ul and i A. oener; 'a4 the" d_as` follow Setdion 5. the has accrued occurred; p11 P ht by ndment <s ,w oravu 862 PROOF OF PUBLICATION STATE OF COLORADO } 1 SS. COUNTY OF EAGLE } I, Robert Brown, do solemnly swear that I am a qualified representative of the Vail Daily. That the same Daily newspaper printed, in whole or in part and published in the County of Eagle, State of Colorado, and has a general circulation therein; that said newspaper has been published continuously and uninterruptedly in said County of Eagle for a period of more than fifty-two consecutive weeks next prior to the first publication of the annexed legal notice or advertisement and that said newspaper has published the requested legal notice and advertisement as requested. The Vail Daily is an accepted legal advertising medium, only for jurisdictions operating under Colorado's Home Rule provision. That the annexed legal notice or advertisement was published in the regular and entire issue of every number of said daily newspaper for the period of 1 consecutive insertions; and that the first publication of said notice was in the issue of said newspaper dated March 20 A.D. 2004 and that the last publication of said notice was in the issue of said newspaper dated March 20 A.D. 2004. In witness whereof has here unto set my hand this 23rd day of March 2004. Publisher/General Manager/Editor Subscribed and sworn to before me, a notary public in and for the County of Eagle, State of Colorado this 23rd day of March, 2004. La 4. Z. v Pamela Joan Scull Notary Public My Commission expires: November 1, 2007 ' PUB C,NOTICE. 0 8SERIE�S 2004' 4 AN ORDNANCE AMENDING TITLE SIX OF TME VAI. TOWN CODE' R% AREAS OF' STEPHENS PAN" , OF VAR AE` OUIREMEKIS REGANOMIG"A>w ERS' IMMEDIAOANDSICAL CONTROL OF; DOGS; AND SErntia man! DETAILS III RE-- WHEREAS."M+s Town 011441. a eour aof En- 'g1e and Siete et Cdorsdo (the • «en'i rule end sdng under laws ofGal of Town Charter tu+�enxeep and ^WHE1ys merneeis of me Town Council of the TeNn'(the Incurs beso l'iy. ed an=Had. Peril led wi�r the Town and,: whvwhiNnO t116 WDI..PaI• Animal Own - Town era curtan l! eubjeCt 10 fi+A . ae set forth in Careen 0-44 re the Tiawa"Coda re- gardirey the ineeeettee 'ar!! P "conUel oi. 16ln. MG -1010 L76`'`ICate o. dolor• FA9tOA:MEMOS seen a6a.efterpubAceeenbs full force, n0 final IMT_ RED DREAD.4I AM°a�D Aoopreo ATTEST• Rooney E. . yyt aldaon. Town , 'eptivaulwd 'jsyl uo wnl, "0Vela+ ewud �a '!s EBi 6uluvw 3DVTM 1IVA S988l63"008xO tPla 011031ae T eacautnans te ttragia .O tuno9SIP JeAusa 'spat; gm PeetiKiee sedcge'l uelpepel6dPie 9144 -imq s '8914lood Pie alit Mat060-1 June 6, 2017 - Page 146 of 3111, TOWN IfO VAIL TOWN COUNCIL AGENDA MEMO ITEM/TOPIC: First reading of Ordinance No. 4, Series of 2017, an ordinance for a prescribed regulations amendment, pursuant to Section 12-3-7, Amendment, Vail Town Code, to amend Title 12 of the Vail Town Code with the addition of a new Chapter 26, Transportation Impact Fee. PRESENTER(S): Tom Kassmel, Town Engineer ACTION REQUESTED OF COUNCIL: Approve, amend or deny on Ordinance No. 4 Series 2017 on first reading. BACKGROUND: In 2016, the Town of Vail hired the consulting firm TischlerBise to develop an updated transportation impact fee. The impact fee is proposed to codify the current traffic mitigation fee to help fund future transportation related projects identified in the Vail Transportation Master Plan. The proposed fee will be applied in all zone districts, and will require developers to pay their proportional share for the necessary transportation infrastructure improvements that are directly related to the impacts created by the new development. STAFF RECOMMENDATION: Approve Ordinance No. 4 Series 2017 on first reading. ATTACHMENTS: Description Memo Attachment A - Ordinance Attachment B - Impact Study Attachment C - Development Fee Table Attachment D - Draft Fee Versions Attachment E - Planning and Environmental Commision Results May 8 2017 Attachment F - PEC Memo Attachment G - Public Comment June 6, 2017 - Page 147 of 311 TOWN OFD Memorandum To: Vail Town Council From: Community Development Department Date: June 6, 2017 Subject: First reading of Ordinance No. 4, Series of 2017, an ordinance for a prescribed regulations amendment, pursuant to Section 12-3-7, Amendment, Vail Town Code, to amend Title 12 of the Vail Town Code with the addition of a new Chapter 26, Transportation Impact Fee. (PEC17-0008) I. SUMMARY The applicant, the Town of Vail, represented by Tom Kassmel, Town Engineer, is requesting a prescribed regulations amendment to Title 12 of the Vail Town Code to add a new Chapter 26, Transportation Impact Fee, pursuant to Section 12-3-7 Amendment, Vail Town Code, and setting forth details in regard thereto. The proposed transportation impact fee would apply to new developments, including creation of any new residential dwelling units, or any new commercial floor area. The fee does not apply to residential remodels where no additional units are added, or to commercial remodels that do not increase square footage. This new fee would be paid by the owner or developer, and would be collected by the Community Development Department at the time of issuance of a building permit. Revenues from this fee would be used by the Town of Vail for new transportation related infrastructure projects that are necessary due to the increased traffic from the incremental new development. 11. BACKGROUND A transportation impact fee is a development fee assessed to offset costs that a jurisdiction will incur to improve transportation infrastructure as a result of increased traffic from new developments. The Town of Vail has collected transportation fees for certain development zone districts (including Public Accommodation, Public Accommodation -2, Lionshead Mixed Use -1, and Lionshead Mixed Use -2) since 1999. In 2016, the Town of Vail hired the consulting firm TischlerBise to develop an updated transportation impact fee. The impact fee is proposed to codify the current traffic mitigation fee to help fund future transportation related projects identified in the Vail Transportation Master Plan. The proposed fee will be applied in all zone districts, and will require developers to pay their proportional share for the necessary transportation June 6, 2017 - Page 148 of 311 infrastructure improvements that are directly related to the impacts created by the new development. Over the past year there have been multiple public discussions regarding the codification of a transportation impact fee. These public discussions were as follows: January 2016: June 2016: Nov. 2016: January 2017: February 2017: March 2017: April 2017: May 2017: Town Council: Review of the current traffic mitigation fee and the previous effort to codify a traffic impact fee in 2009, and discussion of the next steps to reengage codification. Town Council: Discussion with consultant, TischlerBise, regarding: • What is a traffic impact fee? • Why implement a traffic impact fee? • What's wrong with our current mitigation fees? • Can the Town waive fees for certain types of developments? Town Council: Review and confirmation of the Transportation Master Plan capital project list and to what extent (percentage) a transportation impact fee can fund projects. Town Council: Presentation by TischlerBise of the draft schedule of transportation impact fees based on the completed Nexus Study. Town Council: Review and discussion of the impact fee and the capital projects list. Public Open House: Review and discuss the proposed transportation impact fee PEC: Review and discussion of the impact fee and the capital projects list. PEC: Review of an application for a prescribed regulations amendment to Title 12, the Transportation Impact Fee Study, and the proposed ordinance. The recommendation of the PEC to the Town Council was for approval of the transportation impact fee and ordinance as presented by staff (Vote 4-3). Much of the public comment and discussion with the Planning and Environmental Commission (PEC) surrounded the additional burden this fee would impose on new development, and how a broader based fee or tax (i.e. increase in sales tax) would be less burdensome on new development. Based on 2016 sales tax collections, a sales tax increase of 0.13% would be necessary to equal the revenue expected from the proposed transportation impact fee. However, a tax increase would require a vote of the Vail residents. A sales tax would also require payment across the community, not only by those creating the new developments. To better understand the cost of this fee on development, staff provided the PEC with an updated cost of development table, which outlines the actual costs of development in Vail from Town of Vail fees and taxes. Typically the cost of fees and taxes that developers pay to the Town of Vail is approximately 3-4% of the construction valuation, with the proposed transportation impact fee adding 0% to 0.9%, however more typically, it would add 0-0.4%. (See Attachment C.) Town of Vail Page 2 June 6, 2017 - Page 149 of 311 III. PLANNING AND ENVIRONMENTAL COMMISSION RECOMMENDATION On May 8, 2017, the Planning and Environmental Commission voted 4-3 to recommend that the Vail Town Council approve Ordinance No. 4, Series of 2017, upon first reading. This recommendation was based upon the review of the criteria outlined in Section V of the May 8, 2017 memorandum to the PEC and the evidence and testimony presented. Please see the PEC Meeting Results included as Attachment E for additional detail on the PEC discussion. The Commissioners that voted against this recommendation did so for a variety of reasons. Two Commissioners (Perez and Stockmar) indicated that the ordinance was not ready for adoption. Commissioner Stockmar requested additional information on how communities with similar geography (long but narrow geographic boundaries) address this issue. Commissioner Perez questioned the separate rates for development inside and outside the commercial core areas. Commissioner Gillette felt that the proposed fee would be a burden on developers, and that a sales tax would be a fairer method of collecting fees. IV. TRANSPORTATION IMPACT FEE STUDY TischlerBise has provided an updated nexus study, The Vail Transportation Impact Fee Study (March 10, 2017), and an updated fee schedule for the Town's review. The fee schedule is based on anticipated future development, the current estimated cost of the capital projects to accommodate future development, and the proportional fiscal responsibility. Since completion of the nexus study, and its review by Town Council, Staff and PEC recommend that the Residential Single Family Dwelling fee be simplified to a per unit relationship, eliminating the square footage relationship. This will simplify implementation and will eliminate the fee for remodels and demo/rebuilds, unless an additional unit is constructed. The proposed draft fee schedule is below. The previous draft versions are included in Attachment D for comparison. Transportation Impact Fee Schedule Maximum Supportable Transportation Impact Fees Residential Dwellings (per Unit) Dwelling, Two Family or Multiple Family (In the Core Area) $ 5,960.00 Dwelling, Two Family or Multiple Family (Outside the Core Area) $ 7,450.00 Dwelling, Single Family $ 9,686.00 Employee Housing Unit $0 Accommodation Unit (per Unit) Accommodation Unit (In Core Area) $ 5,960.00 Accommodation Unit (Outside Core Area) $ 7,450.00 Commercial (per square foot of floor area) Restaurant & Retail Establishments $ 13.90 Facilities, Health Care $ 9.93 Town of Vail Page 3 June 6, 2017 - Page 150 of 311 Office & Other Services $ 6.20 For comparison, the following cities and counties have adopted impact fees shown within the table below. The jurisdiction most similar to Vail is Pitkin County, which last had its Road Impact Fee updated in 2013. Transportation Impact Fee Comparison Per Housing Unit Single Family Multifamily Per 1,000 Sq Ft Retail Office National Average (1) $3,228 $2,202 $5,685 $3,430 Incorporated Areas in Colorado Durango (1) $2,169 $1,298 $3,810 $2,823 Ft. Collins 2016 Draft (2) $6,217 $4,095 Vail current* $8,113 $5,977 $0 $2,366 $10,569 $9,685 Proposed in Core Area of Vail (2) Proposed Outside Core Area (2) not applicable $9,686 $5,960 $7,450 $13,900 $13,900 $6,200 $6,200 Counties in Colorado Eagle Co. (1) Jefferson Co. (1) Larimer Co. (2) Pitkin Co. (2) Weld Co. (2) $4,378 $3,034 $9,026 $5,164 $3,276 $2,725 $7,120 $4,790 $3,418 $8,812 $4,726 $9,339 $5,115 $10,910 $5,130 $2,377 $3,296 $2,174 Sources: (1) National Impact Fee Survey by Duncan Associations (2012). Single Family assumes 2,000 square feet. Nonresidential fees per thousand square feet assume a building with 100,000 square feet of floor area. (2) TischlerBise. Single Family in Vail and Pitkin County assumes 4,000 square feet. * Current fees in Vail are based on the net increase in PM Peak Hour vehicle trip ends generated by the entire development, with mitigation limited to certain areas and V. ORDINANCE In order to implement this Transportation Impact Fee, the Town Council will need to adopt the attached Ordinance 4, Series of 2017, Transportation Impact Fee, and then adopt the fee schedule by Resolution. Staff recommends approving Ordinance No. 4, Series 2017, as recommended by the Planning and Environmental Commission, with one clarification to section 12-26-4.0 (changes are shown in bold underline.): "C. Credit shall be provided for any construction of Town -approved System Level transportation infrastructure or facilities as identified in the Vail Transportation Impact Fee Study, undertaken by the applicant at the applicant's cost that offset the transportation impacts of the project." This clarification is important to ensure that a developer or applicant is not eligible for a credit for Project Level improvements (those improvements that are only needed due to an individual development project) or other infrastructure not identified in the Vail Town of Vail Page 4 June 6, 2017 - Page 151 of 311 Transportation Impact Fee Study. Staff requests that any motion for approval of this ordinance include a reference to this modified language in Section 12-26-4 C of the proposed ordinance. VI. ACTION REQUESTED OF THE TOWN COUNCIL The Planning and Environmental Commission recommends adopting Ordinance No. 4, Series 2017 upon first reading. Should the Vail Town Council choose to approve Ordinance No. 4, Series of 2017, upon first reading, the Planning and Environmental Commission recommends the Council passes the following motion: "The Vail Town Council approves, on first reading, Ordinance No. 4 Series of 2017, an ordinance for a prescribed regulation amendment, pursuant to Section 12-3-7, Amendment, Vail Town Code, to amend Title 12, Vail Town Code through the addition of a new Chapter 26, Transportation Impact Fee, and setting forth details in regard thereto, with the following change to Section 12-26-4 C of the proposed code language, which shall read as follows: "C. Credit shall be provided for any construction of Town -approved System Level transportation infrastructure or facilities as identified in the Vail Transportation Impact Fee Study, undertaken by the applicant at the applicant's cost that offset the transportation impacts of the project." Should the Vail Town Council choose to approve Ordinance No. 4, Series of 2017 on first reading, the Planning and Environmental Commission recommends the Council makes the following findings: "Based upon the review of the criteria outlined in Section V of the Staff memorandum to the Planning and Environmental Commission dated May 8, 2017 and the evidence and testimony presented, the Vail Town Council finds: 1. That the amendment is consistent with the applicable elements of the adopted goals, objectives and policies outlined in the Vail Comprehensive Plan and is compatible with the development objectives of the Town; and 2. That the amendment furthers the general and specific purposes of the Zoning Regulations outlined in Section 12-1-2, Purpose, Vail Town Code; and 3. That the amendment promotes the health, safety, morals, and general welfare of the Town and promotes the coordinated and harmonious Town of Vail Page 5 June 6, 2017 - Page 152 of 311 development of the Town in a manner that conserves and enhances its natural environment and its established character as a resort and residential community of the highest quality." VII. ATTACHMENTS Attachment A — Ordinance No. 4, Series 2017 Attachment B — Vail Transportation Impact Fee Study, March 10, 2017 Attachment C — Cost of Development Table Attachment D — Draft Fee Schedule Versions Attachment E — Planning and Environmental Commission Results of May 8, 2017 Attachment F — Planning and Environmental Commission Staff memo of May 8, 2017 Town of Vail Page 6 June 6, 2017 - Page 153 of 311 ORDINANCE NO. 4 SERIES 2017 AN ORDINANCE AMENDING TITLE 12 OF THE VAIL TOWN CODE BY THE ADDITION OF A NEW CHAPTER 26, ENTITLED "TRANSPORTATION IMPACT FEES" WHEREAS, to ensure the provision of adequate public transportation services and facilities in the Town, the Town Council wishes to condition certain land use approvals on payment of a transportation impact fee; WHEREAS, it is widely recognized that municipalities may impose exactions (impact fees) on the granting of land use approvals, provided that there is an essential nexus between the exaction and a legitimate local government interest, and provided that the exaction is roughly proportional, both in nature and extent, to the impact of the proposed use or development, pursuant to Nollan v. California Coastal Comm'n, 483 U.S. 825 (1987), Dolan v. City of Tigard, 512 U.S. 374 (1994); C.R.S. § 29-20-203 and related case law; WHEREAS, the Town has conducted and adopted a study to provide the basis for the imposition of the transportation impact fee and to determine the appropriate amount of the transportation impact fee, which study was prepared by TischlerBise on March 10, 2017; and WHEREAS, the Town Council finds and determines that the public health, safety, and welfare will be served by adopting regulations delineating the Town's procedure for imposing a transportation impact fee. NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO, THAT: Section 1. Title 12 of the Vail Town Code is hereby amended by the addition of a new Chapter 26, which shall read as follows: CHAPTER 26 TRANSPORTATION IMPACT FEES 12-26-1: FINDINGS AND PURPOSE: A. Findings. The Town Council finds and determines as follows: 1. A legitimate, identifiable public purpose is served by requiring a transportation impact fee for new development and redevelopment projects in the Town; 2. There is an essential nexus between the transportation impact fee imposed in this Chapter and the Town's interest in providing transportation infrastructure, facilities and services; 1 6/1/2017 S:IPUBLIC WORKSIENGINEERINGITRANSPORTATIONITRAFFIC IMPACT FEESI2016 UPDATEICOUNCIL 6-6-171ORDINANCE 4 SERIES OF 2017 TRANSPORTATION IMPACT FEE ORDINANCE 6-6-17.DOCX June 6, 2017 - Page 154 of 311 3. The Town is acting within its power to provide transportation infrastructure, facilities and services; 4. But for new development and redevelopment projects, the Town would not be considering either the provision or expansion of transportation infrastructure, services or facilities; 5. New development and redevelopment projects are contributing causes to the need for new or expanded transportation infrastructure, facilities and services; 6. The Town would be legally justified in denying applications for new development or redevelopment projects unless the transportation impact fee is imposed, because of the burden the new development or redevelopment projects would place on the Town's transportation infrastructure, facilities and services; and 7. The Town has conducted a study to determine the amount of the transportation impact fee, and the study demonstrates that the transportation impact fee will be roughly proportional, both in nature and extent, to the impacts of new development and redevelopment projects. B. Purpose. The purpose of this Chapter is to impose a transportation impact fee on new development and redevelopment projects in the Town, as set forth herein. 12-26-2: APPLICABILITY: A. The transportation impact fee shall be imposed on the following construction, development or redevelopment in the Town: 1. For commercial development (except accommodation units), on any net new square footage to be constructed. 2. For residential development, on each new residential unit to be constructed. 3. For accommodation units, on each new accommodation unit to be constructed. B. The transportation impact fee shall not be imposed on the construction, development or redevelopment of any Employee Housing Unit. 12-26-3: FEE: The transportation impact fee shall be in the amount set by resolution of the Town Council. The fee shall be imposed by the Community 2 6/1/2017 S:IPUBLIC WORKSIENGINEERINGITRANSPORTATIONITRAFFIC IMPACT FEES12016 UPDATEICOUNCIL 6-6-171ORDINANCE 4 SERIES OF 2017 TRANSPORTATION IMPACT FEE ORDINANCE 6-6-17.DOCX June 6, 2017 - Page 155 of 311 Development Department, Design Review Board, Planning and Environmental Commission or Town Council, as part of the last land use approval for the project. The fee shall be payable prior to issuance of the building permit for the project. 12-26-4: CREDIT: A. An applicant may apply for a credit as set forth in this Section, which credit shall be applied to offset the transportation impact fee that would otherwise be imposed for the project. B. Credit shall be provided for any dedication or conveyance of land from the applicant to the Town. The amount of the credit shall be the present, fair market value of the land being dedicated or conveyed, as determined by the Town in its reasonable discretion. C. Credit shall be provided for any construction of Town -approved transportation infrastructure or facilities undertaken by the applicant at the applicant's cost that offset the transportation impacts of the project. The transportation infrastructure or facilities may be constructed as part of the project, or in other areas of the Town, as determined by the Town and the applicant. The value of the credit shall be determined by the Town, in its reasonable discretion, considering the total cost of construction and other relevant factors. D. Credit shall be provided for any transportation services provided by the applicant at the applicant's cost, that offset the transportation impacts of the project, as approved by the Town. The value of the credit shall be determined by the Town, in its reasonable discretion, considering actual costs to provide the services and other relevant factors. 12-26-5: REVIEW: A. An applicant aggrieved by the application of this Chapter by the Community Development Department, the Planning and Environmental Commission or Design Review Board may apply for review by the Town Council, by filing a written request for review within 10 days of the decision at issue. B. Within 30 days of receipt of the written request, the Town Council shall hold a public hearing. At such hearing, the burden of proof shall be on the applicant to establish that the imposition of the transportation impact fee as assessed would result in an unconstitutional taking of private property without just compensation. C. If the Town Council determines that the application of this Chapter would result in an unconstitutional taking of private property without just 3 6/1/2017 S:IPUBLIC WORKSIENGINEERINGITRANSPORTATIONITRAFFIC IMPACT FEES12016 UPDATEICOUNCIL 6-6-171ORDINANCE 4 SERIES OF 2017 TRANSPORTATION IMPACT FEE ORDINANCE 6-6-17.DOCX June 6, 2017 - Page 156 of 311 compensation, the Town Council may decrease the transportation impact fee (or increase any credit) to ensure that there is no unconstitutional taking. The decision of the Town Council shall be final, subject only to judicial review pursuant to C.R.C.P. 106(a)(4). D. An applicant aggrieved by the application of this Chapter by the Town Council may seek judicial review pursuant to C.R.C.P. 106(a)(4). Section 2. If any part, section, subsection, sentence, clause or phrase of this ordinance is for any reason held to be invalid, such decision shall not effect the validity of the remaining portions of this ordinance; and the Town Council hereby declares it would have passed this ordinance, and each part, section, subsection, sentence, clause or phrase thereof, regardless of the fact that any one or more parts, sections, subsections, sentences, clauses or phrases be declared invalid. Section 3. The Town Council hereby finds, determines and declares that this ordinance is necessary and proper for the health, safety and welfare of the Town of Vail and the inhabitants thereof. Section 4. The amendment of any provision of the Town Code as provided in this ordinance shall not affect any right which has accrued, any duty imposed, any violation that occurred prior to the effective date hereof, any prosecution commenced, nor any other action or proceeding as commenced under or by virtue of the provision amended. The amendment of any provision hereby shall not revive any provision or any ordinance previously repealed or superseded unless expressly stated herein. Section 5. All bylaws, orders, resolutions and ordinances, or parts thereof, inconsistent herewith are repealed to the extent only of such inconsistency. This repealer shall not be construed to revise any bylaw, order, resolution or ordinance, or part thereof, theretofore repealed. 4 6/1/2017 S:IPUBLIC WORKSIENGINEERINGITRANSPORTATIONITRAFFIC IMPACT FEES12016 UPDATEICOUNCIL 6-6-171ORDINANCE 4 SERIES OF 2017 TRANSPORTATION IMPACT FEE ORDINANCE 6-6-17.DOCX June 6, 2017 - Page 157 of 311 INTRODUCED, READ ON FIRST READING, APPROVED, AND ORDERED PUBLISHED ONCE IN FULL ON FIRST READING this day of , 2017 and a public hearing for second reading of this Ordinance set for the day of 2017, in the Council Chambers of the Vail Municipal Building, Vail, Colorado. ATTEST: Patty McKenny, Town Clerk 5 Dave Chapin, Mayor 6/1/2017 S:IPUBLIC WORKSIENGINEERINGITRANSPORTATIONITRAFFIC IMPACT FEES12016 UPDATEICOUNCIL 6-6-171ORDINANCE 4 SERIES OF 2017 TRANSPORTATION IMPACT FEE ORDINANCE 6-6-17.DOCX June 6, 2017 - Page 158 of 311 TOWN OF VAIL March 10, 2017 Prepared By TischlerBise FISCAL I ECONOMIC I PLANNING www.tischlerbise.com June 6, 2017 - Page 159 of 311 Table of Contents INTRODUCTION 2 COLORADO IMPACT FEE ENABLING LEGISLATION 2 ADDITIONAL LEGAL GUIDELINES 2 DEVELOPMENT PATTERN IN THE TOWN OF VAIL 4 Figure 1 — Map of Town Boundary and Vail Core Area 5 LOWER FEES IN CORE AREA 5 Lower Residential Trip Generation Rates in Urban Areas 5 Less Auto Dependency in Urban Areas 6 Shorter Trip Lengths in Urban Areas 6 CURRENT AND PROPOSED TRANSPORTATION FEES 7 Figure 2 — Transportation Impact Fee Comparison 8 TRANSPORTATION IMPACT FEES 9 Figure 3 — Conceptual Impact Fee Formula 9 TRIP GENERATION 10 Vehicle Trips to Development in the Town of Vail 10 Figure 4 — Summary of Projected Travel Demand 11 TRANSPORTATION IMPACT FEE SYSTEM IMPROVEMENTS 11 Figure 5 — Summary of Transportation Improvements and Growth Share 12 CREDIT FOR OTHER REVENUES 13 TRANSPORTATION IMPACT FEE FORMULA AND INPUT VARIABLES 13 Figure 6 — Transportation Impact Fee Input Variables 14 MAXIMUM SUPPORTABLE TRANSPORTATION IMPACT FEES 15 Figure 7 — Transportation Impact Fee Schedule 15 FUNDING STRATEGY FOR TRANSPORTATION SYSTEM IMPROVEMENTS 16 Figure 8 — Impact Fee Revenue Projection 16 APPENDIX A — DEMOGRAPHIC DATA 17 TRIP GENERATION BY TYPE AND SIZE OF HOUSING 17 Figure Al — PM Peak Hour Vehicle Attraction Trips by Size of Detached House 18 TRIP GENERATION BY FLOOR AREA OF SINGLE FAMILY HOUSING 19 Figure A2 — PM Peak Hour Inbound Trips by Square Feet 20 APPENDIX B: IMPLEMENTATION AND ADMINISTRATION 21 CREDITS AND REIMBURSEMENTS 21 TOWN -WIDE SERVICE AREA 21 DEVELOPMENT CATEGORIES 22 Residential Development 22 Commercial Development 22 APPENDIX C: REFERENCES 24 June 6, 2017 - Page 160 of 311 Vail Transportation Impact Fees 1/9/17 INTRODUCTION Although Colorado is a "home -rule" state and home -rule municipalities were already collecting "impact fees" under their home -rule authority granted in the Colorado Constitution, the Colorado Legislature passed enabling legislation in 2001, as discussed further below. Colorado Impact Fee Enabling Legislation For local governments, the first step in evaluating funding options for transportation improvements is to determine basic options and requirements established by state law. Some states have more conservative legal parameters that basically restrict local government to specifically authorized actions. In contrast, "home -rule" states grant local governments broader powers that may or may not be precluded or preempted by state statutes depending on the circumstances and on the state's particular laws. Impact fees are one-time payments imposed on new development that must be used solely to fund growth -related capital projects, typically called "system improvements". An impact fee represents new growth's proportionate share of capital facility needs. In contrast to project - level improvements, impact fees fund infrastructure that will benefit multiple development projects, or even the entire service area, as long as there is a reasonable relationship between the new development and the need for the growth -related infrastructure. Project -level improvements, typically specified in a development agreement, are usually limited to transportation improvements near a proposed development, such as ingress/egress lanes. According to Colorado Revised Statute Section 29-20-104.5, impact fees must be legislatively adopted at a level no greater than necessary to defray impacts generally applicable to a broad class of property. The purpose of impact fees is to defray capital costs directly related to proposed development. The statutes of other states allow impact fee schedules to include administrative costs related to impact fees and the preparation of capital improvement plans, but this is not specifically authorized in Colorado's statute. Impact fees do have limitations, and should not be regarded as the total solution for infrastructure funding. Rather, they are one component of a comprehensive portfolio to ensure adequate provision of public facilities. Because system improvements are larger and more costly, they may require bond financing and/or funding from other revenue sources. To be funded by impact fees, Section 29-20-104.5 requires that the capital improvements must have a useful life of at least five years. By law, impact fees can only be used for capital improvements, not operating or maintenance costs. Also, development impact fees cannot be used to repair or correct existing deficiencies in existing infrastructure. Additional Legal Guidelines Both state and federal courts have recognized the imposition of impact fees on development as a legitimate form of land use regulation, provided the fees meet standards intended to protect against regulatory takings. Land use regulations, development exactions, and impact fees are subject to the Fifth Amendment prohibition on taking of private property for public use without 2 TischlerBise FISCAL 1 ECONOMIC 1 PLANNING June 6, 2017 - Page 161 of 311 Vail Transportation Impact Fees 1/9/17 just compensation. To comply with the Fifth Amendment, development regulations must be shown to substantially advance a legitimate governmental interest. In the case of impact fees, that interest is the protection of public health, safety, and welfare, by ensuring development is not detrimental to the quality of essential public services. The means to this end are also important, requiring both procedural and substantive due process. The process followed to receive community input (i.e. stakeholder meetings, work sessions, and public hearings) provides opportunities for comments and refinements to the impact fees. There is little federal case law specifically dealing with impact fees, although other rulings on other types of exactions (e.g., land dedication requirements) are relevant. In one of the most important exaction cases, the U. S. Supreme Court found that a government agency imposing exactions on development must demonstrate an "essential nexus" between the exaction and the interest being protected (see NoIlan v. California Coastal Commission, 1987). In a more recent case (Dolan v. City of Tigard, OR, 1994), the Court ruled that an exaction also must be "roughly proportional" to the burden created by development. There are three reasonable relationship requirements for development impact fees that are closely related to "rational nexus" or "reasonable relationship" requirements enunciated by a number of state courts. Although the term "dual rational nexus" is often used to characterize the standard by which courts evaluate the validity of development impact fees under the U.S. Constitution, TischlerBise prefers a more rigorous formulation that recognizes three elements: "need," "benefit," and "proportionality." The dual rational nexus test explicitly addresses only the first two, although proportionality is reasonably implied, and was specifically mentioned by the U.S. Supreme Court in the Dolan case. Individual elements of the nexus standard are discussed further in the following paragraphs. All new development in a community creates additional demands on some, or all, public facilities provided by local government. If the capacity of facilities is not increased to satisfy that additional demand, the quality or availability of public services for the entire community will deteriorate. Development impact fees may be used to cover the cost of development - related facilities, but only to the extent that the need for facilities is a consequence of development that is subject to the fees. The NoIlan decision reinforced the principle that development exactions may be used only to mitigate conditions created by the developments upon which they are imposed. That principle likely applies to impact fees. In this study, the impact of development on infrastructure needs is analyzed in terms of quantifiable relationships between various types of development and the demand for specific facilities, based on applicable level -of -service standards. The requirement that exactions be proportional to the impacts of development was clearly stated by the U.S. Supreme Court in the Dolan case and is logically necessary to establish a proper nexus. Proportionality is established through the procedures used to identify development -related facility costs, and in the methods used to calculate impact fees for various types of facilities and categories of development. The demand for facilities is measured in 3 TischlerBise FISCAL 1 ECONOMIC 1 PLANNING June 6, 2017 - Page 162 of 311 Vail Transportation Impact Fees 1/9/17 terms of relevant and measurable attributes of development (e.g. a typical housing unit's vehicular trip generation rate). A sufficient benefit relationship requires that impact fee revenues be segregated from other funds and expended only on the facilities for which the fees were charged. The calculation of impact fees should also assume that they will be expended in a timely manner and the facilities funded by the fees must serve the development paying the fees. However, nothing in the U.S. Constitution or the state enabling legislation requires that facilities funded with fee revenues be available exclusively to development paying the fees. In other words, benefit may extend to a general area including multiple real estate developments. Procedures for the earmarking and expenditure of fee revenues are discussed near the end of this study. All of these procedural as well as substantive issues are intended to ensure that new development benefits from the impact fees they are required to pay. The authority and procedures to implement impact fees is separate from and complementary to the authority to require improvements as part of subdivision or zoning review. Impact fees must increase the carrying capacity of the transportation system. Capacity projects include, but are not limited to the addition of travel lanes, intersection improvements (i.e., turning lanes, signalization or roundabouts) and "complete street" improvements to provide multimodal infrastructure (e.g. bus stops, bike lanes and sidewalks). Whenever improvements are made to existing roads, non -impact fee funding is typically required to help pay a portion of the cost. Development Pattern in the Town of Vail Vail is a resort community of approximately 5,000 year-round residents that surges to approximately 40,000-45,000 persons during peak tourism season when employees and visitors are present. The occupied bed base of the community swells from 5,000 to 35,000 during these peak periods. Figure 1 delineates the core area of Vail. Actual boundaries of the Town extend six miles to the east and four miles to the west of the core area (see map inset). Given its location in a mountain valley, the Town has a compact development pattern and a multi -modal transportation system that relies on pedestrian, bicycle, transit and vehicular travel. Consistent with this setting, the proposed impact fees will fund multi -modal transportation improvements necessary to accommodate projected development within the Town of Vail. 4 TischlerBise FISCAL 1 ECONOMIC 1 PLANNING June 6, 2017 - Page 163 of 311 Vail Transportation Impact Fees 1/9/17 Figure 1— Map of Town Boundary and Vail Core Area .325,44:_ ie ;i nshead Village ```"'�� Ai Vail Villoage 1141p Lower Fees in Core Area Development of attached housing units and hotels in the core area will facilitate pedestrian, bicycle, and transit use, thus requiring less vehicular travel. In recognition of lower vehicular travel demand in the core area, proposed transportation impact fees are lower in the core area. This policy recommendation is consistent with the literature summarized in the three subsections below and a recent analysis of mixed-use developments in six regions of the United States. This study found an average 29% reduction in trip generation as a function of "D" variables, including: density, diversity, design, destination accessibility, distance to transit, demographics, and development scale (see Ewing, Greenwald, Zhang, Walters, Feldman, Cervero, Frank, and Thomas 2011). Lower Residential Trip Generation Rates in Urban Areas Single-family housing is generally located in low-density suburbs where there are few alternatives for travel except by private motor vehicle. On average, urban housing has fewer 5 TischlerBise FISCAL 1 ECONOMIC 1 PLANNING June 6, 2017 - Page 164 of 311 Vail Transportation Impact Fees 1/9/17 persons and vehicles available, thus lowering vehicular trip generation rates per unit when compared to housing in the suburban unincorporated area. Currans and Clifton (2015) developed and tested methods for adjusting ITE trip generation rates for urban settings. They recommend mode -share adjustments based on the number of residents and jobs per acre, which serves as a proxy for urban form. Less Auto Dependency in Urban Areas Urban areas have distinct demographic profiles and physical traits that reduce vehicle trips, such as higher internal capture, design characteristics that promote walking and biking, and superior transit service. Urban areas with grid streets and small blocks offer a variety of routes that encourage walking and biking. Interesting streetscapes with human -scale design features encourage people to walk and bike farther in urban areas, while lowering our perception of distance (Jacobs 2001). Urban areas also have more diverse travel options including public transportation and muscle -powered mobility. A study titled "Trip Generation Rates for Urban Infill Land Uses in California" documented auto trips for infill development averaged approximately 50% of the modal share, compared to 90% or higher auto dependency in most metropolitan areas (Daisa and Parker, 2009). Lower dependency on private vehicles reduces the need for street capacity and supports an impact fee reduction for new development within the core area of Vail. Shorter Trip Lengths in Urban Areas Mixed land use and better job -housing balance reduces average trip length. By balancing the number of jobs with nearby housing units, urban areas have the potential for reducing journey - to -work travel. The magnitude of effect is dependent on matching job and housing locations of individual workers, which can be aided by offering a variety of housing styles and price ranges. Inclusionary policies, such as requiring at least 10% affordable housing units within each development, can foster a better jobs -housing balance and reduce the need for street capacity (Nelson, Dawkins and Sanchez 2007). Mixed-use areas like the center of Vail exhibit lower vehicular trip rates because of "internal capture" (i.e., many daily destinations do not require travel outside the area). For example, a study titled "Internalizing Travel by Mixing Land Uses" examined 20 mixed use communities in South Florida, documenting internal capture rates up to 57 percent with an average of 25 percent. In addition to a percent reduction for the jobs -housing balance, credit can be given for local -serving retail. Urban, transit -oriented development offers coffee shops, restaurants, general retail stores and services that reduce the need for vehicular trips outside the area (Ewing, Dumbaugh and Brown 2003). The report "Driving and the Built Environment" (TRB 2009) found a strong link between development patterns and vehicle miles of travel, encouraging mixing of land uses to reduce vehicle trip rates and reduce trip lengths. Reductions up to 24% for transit service and pedestrian/bicycle friendliness are recommended for nonresidential development in a 2005 6 TischlerBise FISCAL 1 ECONOMIC 1 PLANNING June 6, 2017 - Page 165 of 311 Vail Transportation Impact Fees 1/9/17 study titled "Crediting Low -Traffic Developments" (Nelson/Nygaard Consulting Associates 2005). Current and Proposed Transportation Fees Figure 2 provides a comparison of current and proposed transportation fees for new development in the Town of Vail. Current amounts are shown with dark shading and white numbers. Current fees in Vail are based on the net increase in PM Peak Hour vehicle trip ends generated by the entire development, with mitigation limited to certain areas and reductions given for multi -modal travel. The Town currently assesses transportation -related mitigation fees (see Vail code section in the footnote'). This requirement is specific to certain zone districts and does not provide a codified fee schedule. The current fees are determined and agreed upon by the Town and developers during the development entitlement process. Proposed fees are shown with light shading and black numbers in the table below. For consistency with a national impact fee survey, the fee amount for a detached house assumes construction of an average size unit, which in Vail and Pitkin County is approximately 4,000 square feet (i.e. twice the national average). Fee amounts for commercial development are expressed per thousand square feet of floor area. 1 12-7A,H,I,J: MITIGATION OF DEVELOPMENT IMPACTS: Property owners/developers shall also be responsible for mitigating direct impacts of their development on public infrastructure and in all cases mitigation shall bear a reasonable relation to the development impacts. Impacts may be determined based on reports prepared by qualified consultants. The extent of mitigation and public amenity improvements shall be balanced with the goals of redevelopment and will be determined by the planning and environmental commission in review of development projects and conditional use permits. Substantial off site impacts may include, but are not limited to, the following: deed restricted employee housing, roadway improvements, pedestrian walkway improvements, streetscape improvements, stream tract/bank restoration, loading/delivery, public art improvements, and similar improvements. The intent of this section is to only require mitigation for large scale redevelopment/development projects which produce substantial off site impacts. (Ord. 29(2005) § 24: Ord. 23(1999) § 1) 7 TischlerBise FISCAL 1 ECONOMIC 1 PLANNING June 6, 2017 - Page 166 of 311 Vail Transportation Impact Fees 1/9/17 Figure 2 - Transportation Impact Fee Comparison 8 Per Housing Unit Single Family Multifamily Per 1,000 Sq Ft Retail Office National Average (1) $3,228 $2,202 $5,685 $3,430 Durango (1) Ft. Collins 2016 Draft (2) Vail current* Incorporated Areas in Colorado $0 _ $2,366 $10,569 $9,685 Proposed in Core Area of Vail (2) Proposed Outside Core Area (2) not applicable $9,686 $5,960 $13,900 $6,200 $7,450 $13,900 $6,200 Counties in Colorado Eagle Co. (1) Jefferson Co. (1) Larimer Co. (2) Pitkin Co. (2) Weld Co. (2) $4,378 $3,034 $9,026 $5,164 $3,276 $2,725 $7,120 $4,790 $3,418 $8,812 $4,726 $9,339 $5,115 $10,910 $5,130 $2,377 $3,296 $2,174 Sources: (1) National Impact Fee Survey by Duncan Associations (2012). Single Family assumes 2,000 square feet. Nonresidential fees per thousand square feet assume a building with 100,000 square feet of floor area. (2) TischlerBise. Single Family in Vail and Pitkin County assumes 4,000 square feet. * Current fees in Vail are based on the net increase in PM Peak Hour vehicle trip ends generated by the entire development, with mitigation limited to certain areas and TischlerBise FISCAL 1 ECONOMIC 1 PLANNING June 6, 2017 - Page 167 of 311 Vail Transportation Impact Fees 1/9/17 TRANSPORTATION IMPACT FEES Basic steps in a conceptual impact fee formula are illustrated below (see Figure 3). The first step (see the left part of the equation) is to determine an appropriate demand indicator, for a particular type of infrastructure. The demand indicator measures the number of demand units for each unit of development. For example, an appropriate indicator of the demand for roads is vehicle trips. The second step in the conceptual impact fee formula is shown in the middle section of the equation. Infrastructure units per demand unit are typically called Level -Of - Service (LOS) or infrastructure standards. Road impact fee studies for suburban communities often establish a relationship between lane miles and vehicle miles of travel (note: a lane mile is a rectangular area of pavement one lane wide and one mile long). Because the Town of Vail has a more compact, urban development pattern, multi -modal transportation improvements were identified in a recently approved Transportation Master Plan. In essence, the Town of Vail has combined the second and third step in the conceptual impact fee formula (see the right side of the equation below). The cost of growth -related transportation improvements was allocated to the expected increase in vehicle trips. Figure 3 — Conceptual Impact Fee Formula Demand Units Infrastructure Units Dollars per X per X per Development Demand Infrastructure Unit Unit Unit When applied to specific types of infrastructure, the conceptual impact -fee formula is customized using three common impact fee methods that focus on different timeframes. The first method is the cost recovery method. To the extent that new growth and development is served by previously constructed improvements, local government may seek reimbursement for the previously incurred public facility costs. This method is used for facilities that have adequate capacity to accommodate new development, at least for the next five years. The rationale for the cost recovery approach is that new development is paying for its share of the useful life or remaining capacity of an existing facility that was constructed in anticipation of additional development. The second basic approach used to calculate impact fees is the incremental expansion cost method. This method documents the current infrastructure standard for each type of public facility in both quantitative and qualitative measures. The local government uses impact fee revenue to incrementally expand infrastructure as needed to accommodate new development. A third impact fee approach is the plan -based method. This method is best suited for public facilities that have commonly accepted engineering/planning standards or specific capital improvement plans. Proposed transportation impact fees for the 9 TischlerBise FISCAL 1 ECONOMIC 1 PLANNING June 6, 2017 - Page 168 of 311 Vail Transportation Impact Fees 1/9/17 Town of Vail are derived using a plan -based method, with one cost recovery item for the recently completed 1-70 underpass. Trip Generation Transportation models and traffic studies for individual development projects typically use average weekday or afternoon (PM), peak -hour trips. The need for transportation improvements in Vail was determined through the Transportation Master Plan process using an extensive engineering analysis. In contrast to the engineering analysis, the impact fee methodology is essentially an accounting exercise whereby the cost of growth -related system improvements is allocated to new development within the Town of Vail. For the purpose of impact fees, trip generation is based on attraction (inbound) trips to development located in the Town of Vail. This approach eliminates the need for adjustments to account for pass- through trips (i.e. external -external travel) and trips to destinations outside Vail (i.e. internal- external travel). One of the major trip destinations in Vail is the base of the ski mountain. In addition to people working in Town and those staying over night, the ski mountain draws thousands of 'day skiers' that typically leave their vehicles in a parking garage while in Town. Because parking structures are ancillary uses, impact fees are typically not imposed on the floor area of a garage, but the floor area of nearby development that actually attracts people to the area. Given this practice, future growth of 'day skiers' will not be directly accounted for in the development projections shown in Figure 4. However, the Town and Vail Resorts have agreed the maximum skiers at one time that can be handled by the Town's infrastructure is 19,900, as specified in the agreement titled "Town of Vail & Vail Associates, Inc. Program to Manage Peak Periods." Therefore, if the maximum -skiers agreement or lift capacity is increased without a significant increase in nonresidential buildings, a traffic impact fee for additional day skiers should be contemplated. Vehicle Trips to Development in the Town of Vail The relationship between the amount of new development anticipated within Vail and the projected increase in vehicle trips is shown in Figure 4. Expected development in Vail is based on trends within the Town, Eagle County, and the state of Colorado. The projected increase in development and afternoon, peak -hour trips are consistent with Appendix E in Vail's Transportation Master Plan (FHU 2009) and the development stats database, updated by Town staff. Although the specific year is not important to the analysis, the net increase in development is expected to occur by the year 2040. A faster pace of development would accelerate the collection of impact fees and the construction of planned improvements. Conversely, slower development would reduce fee revenue and delay the construction of capital improvements. As shown in the bottom right corner of the table below, planned development in Vail is expected to generate an additional 838 PM -Peak inbound vehicle trips. 10 TischlerBise FISCAL 1 ECONOMIC 1 PLANNING June 6, 2017 - Page 169 of 311 Vail Transportation Impact Fees 1/9/17 Figure 4— Summary of Projected Travel Demand Development Type Additional Development Units (2) Inbound Trip Rate per Development Unit (3) Additional PM -Peak Inbound Trips Two Family or Multiple Family Units in Core Area 705 0.24 169 Two Family or Multiple Family Units Outside Core 554 0.30 166 Employee Housing Units in Core Area 41 0.24 10 Employee Housing Units Outside Core 310 0.30 93 Single Family Units 120 0.39 47 Accommodation Units in Core Area 270 0.24 65 Accommodation Units Outside Core 102 0.30 31 Restaurant & Retail KSF (1) 320 0.56 179 Facilities Health Care KSF (1) 140 0.40 56 Office & Other Services KSF (1) 88 0.25 22 TOTAL => 838 (1) KSF = square feet of floor area in thousands. (2) Appendix E, Vail Transportation Master Plan (FHU 2009) and Town staff (12/06/16). (3) Trip generation rates are from Appendix E, Vail Transportation Master Plan, except Transportation Impact Fee System Improvements Transportation system improvements to be funded by impact fees are shown in Figure 5. Specific projects were identified in the Transportation Master Plan for the Town of Vail and updated by Town staff. Road sections listed below will be constructed as "complete streets" with bus, bicycle, and pedestrian improvements. Town staff prepared the planning -level cost estimates and identified the growth share of projects that will be funded with impact fees, based on the expected increase in vehicular trips. The total cost of transportation improvements needed to accommodate new development through 2040 is estimated to be approximately $95 million in current dollars (not inflated over time). Impact fees will fund approximately $20.8 million, which is 28% of systems improvements. Funding from non -impact fee sources, such as the Colorado Department of Transportation (CDOT), Real Estate Transfer Tax (RETT), and the Town of Vail General Fund will cover the remaining cost of system improvements. As shown in the bottom right corner of the table below, the capacity cost of $24,836 per additional trip is equal to the growth share of transportation improvements divided by the increase in PM -Peak inbound vehicle trips. 11 TischlerBise FISCAL 1 ECONOMIC 1 PLANNING June 6, 2017 - Page 170 of 311 Vail Transportation Impact Fees 1/9/17 Figure 5 - Summary of Transportation Improvements and Growth Share 12 Transportation Improvements Town of Vail, Colorado Estimated Cost (Millions) Project- Level Cost System -Level Improvements Percent Funded By Impact Fee Percent Other Revenue Cost by Impact Fee Cost by Other Revenue ID PROJECT DESCRIPTION A West Vail Commercial Roundabout & Medians $ 6.70 $ 6.70 0% 0% $ $ B Buffehr Creek Turn Lanes $ 1.20 $ - 52% 48% $ 0.62 $ 0.58 C Buffehr Creek NRT connection to Marriott Roost $ 0.50 $ 0.50 0% 0% $ $ D Marriott Roost Turn Lanes $ 1.20 $ 1.20 0% 0% $ - $ - E Timber Ridge Turn Lanes $ 1.20 $ 1.20 0% 0% $ - $ - F Lions Ridge Loop Turn Lanes $ 1.20 $ - 35% 65% $ 0.41 $ 0.79 G Red Sandstone Drive Turn lanes $ 1.20 $ - 35% 65% $ 0.41 $ 0.79 H Main Vail North Roundabout Expansion to Two Lanes $ 5.60 $ 35% 65% $ 1.98 $ 3.62 Main Vail Underpass Revesible Lane $ 2.00 $ - 35% 65% $ 0.71 $ 1.29 J Gore Creek Drive Turn Lanes $ 1.20 $ - 14% 86% $ 0.17 $ 1.03 K Underpass (Cost Recovery) $ 9.10 $ - 22% 78% $ 1.96 $ 7.14 L Underpass to Forest Road Imrpovements (5 Lane/Walk) $ 7.00 $ 7.00 0% 0% $ $ - M Vail Spa to ELHC Improvements (5 Lane/Walk) $ 4.50 $ - 46% 54% $ 2.05 $ 2.45 N ELHC to LH Parking Structure Entrance Medians $ 0.75 $ 46% 54% $ 0.34 $ 0.41 O LH Parking Structure Entrance to Municipal Bldg (5 Lane & Rdabt) $ 9.00 $ 2.25 39% 36% $ 3.55 $ 3.20 P Village Ctr Road to Vail Valley Drive (Medians, TC Device, Compact Rdabt) $ 6.50 $ - 29% 71% $ 1.92 $ 4.58 Q PW/WD Turn Lanes $ 1.20 $ - 27% 73% $ 0.33 $ 0.87 R Booth Creek Turn Lanes $ 1.20 $ - 27% 73% $ 0.33 $ 0.87 S GVT Dowd Junction to WV Rdabt $ 8.50 $ - 22% 78% $ 1.83 $ 6.67 T Donovan to Westhaven Drive Walk $ 1.50 $ 22% 78% $ 0.32 $ 1.18 U WLHC walk (Vail Spa to S. Frtge) $ 0.75 $ 0.75 0% 0% $ - $ - V WD Path imrpovements $ 1.20 $ - 22% 78% $ 0.26 $ 0.94 W Vail Rd (Willow Way to Forest Rd) Walk $ 0.50 $ - 22% 78% $ 0.11 $ 0.39 X ELHC (LHWC to Dobson) Walk $ 1.00 $ - 22% 78% $ 0.22 $ 0.78 Y West Vail Pedestrian Overpass $ 6.00 $ - 22% 78% $ 1.29 $ 4.71 Z VMS to Bighorn Path $ 1.50 $ - 22% 78% $ 0.32 $ 1.18 AA ELHC (Vantage Point to S. Frontage Road) Walk $ 0.20 $ - 22% 78% $ 0.04 $ 0.16 BB Chamonix (Arosa to Chamonix) $ 1.00 $ - 22% 78% $ 0.22 $ 0.78 CC Chamonix (Chamonix to Buffehr Creek Rd) $ 1.00 $ - 22% 78% $ 0.22 $ 0.78 DD Line Haul Transit Stop Improvement Projects $ 1.60 $ - 22% 78% $ 0.34 $ 1.26 EE Vail Bus Stops (10 Shelters) $ 1.50 $ - 22% 78% $ 0.32 $ 1.18 FF Arosa Transit Parking $ 2.50 $ - 22% 78% $ 0.54 $ 1.96 GG Frontage Road Lighting Improvements $ 5.00 $ - 0% 100% $ - $ 5.00 HH Structured Parking Expansion & Buses $ $ 0% 100% $ $ Grand Totals $ 95.00 $19.60 28% 72% $ 20.81 $ 54.59 Net New PM Peak Inbound Trips => 838 Capacity Cost per Additional PM Peak Inbound Trip => $ 24,836 TischlerBise FISCAL 1 ECONOMIC 1 PLANNING June 6, 2017- Page 171 of311 Vail Transportation Impact Fees 1/9/17 Credit for Other Revenues A general requirement that is common to impact fee methodologies is the evaluation of credits. A revenue credit may be necessary to avoid potential double payment situations arising from the one-time payment of an impact fee plus other revenue payments that may also fund growth -related capital improvements. The determination of credits is dependent upon the impact fee methodology used in the cost analysis. Vail's transportation impact fees are derived primarily using a plan -based method, with a minor cost recovery component for the recently completed 1-70 underpass. This method is based on future capital improvements needed to accommodate new development. Given the plan -based approach, the credit evaluation focuses on the need for future bonds and revenues that will fund planned capital improvements. Because the Town does not expect to bond finance transportation projects, a revenue credit for future principal payments is not applicable. Some impact fee studies include a credit for gas taxes and/or General Fund revenue. A credit for future revenue generated by new development is only necessary if there is potential double payment for system improvements. In the Town of Vail, transportation impact fees are derived from the growth cost of system improvements, not the total cost of capital improvements. Impact fee revenue will be used exclusively for the growth share of improvements listed in Figure 5. Other, non -impact fee funds, such as the General Fund and gas tax revenue, will be used for maintenance of existing facilities, correcting existing deficiencies and for making improvements not listed in the transportation CIP. Based on expected development in Vail (see Figure 8), future impact fee revenue approximates the growth cost of planned system improvements (approximately $21 million). If elected officials in Vail make a legislative policy decision to fully fund the growth share of system improvements from impact fees, a credit for other revenue sources is unnecessary. Transportation Impact Fee Formula and Input Variables Input variables for the transportation impact fee are shown in Figure 6. Inbound trips by type of development are multiplied by the net capital cost per trip to yield the transportation impact fees. For example, the transportation impact fee formula for a two family or multiple family unit in the core area is 0.24 x $24,836 = $5,960 (truncated) per housing unit. Because the core area of Vail has a walkable, urban development pattern, impact fees for two family or multiple family housing and accommodation units are lower in the core area, as supported by the engineering analysis in the adopted Transportation Master Plan (FHU 2009). Trip generation rates are from the Transportation Master Plan, except for single family dwellings, which are only expected outside the core area. Inbound trip rates per detached dwelling are documented in Appendix A. 13 TischlerBise FISCAL 1 ECONOMIC 1 PLANNING June 6, 2017 - Page 172 of 311 Vail Transportation Impact Fees 1/9/17 Figure 6 — Transportation Impact Fee Input Variables 14 Residentail Dwellings (per Unit) PM -Peak Inbound Vehicle Trips Dwelling, Two Family or Multiple Family (In Core Area) 0.24 Dwelling, Two Family or Multiple Family (Outside Core Area) 0.30 Dwelling, Single Family 0.39 Accommodation Unit (per Unit) Accommodation Unit (In Core Area) 0.24 Accommodation Unit (Outside Core Area) 0.30 Commercial (per 1,000 Sq Ft of floor area) Restaurant & Retail Establishments 0.56 Facilities Health Care 0.40 Office & Other Services 0.25 Infrastructure Standards Cost per Trip => $24,836 Revenue Credit Per Trip => $0 TischlerBise FISCAL 1 ECONOMIC 1 PLANNING June 6, 2017 - Page 173 of 311 Vail Transportation Impact Fees 1/9/17 Maximum Supportable Transportation Impact Fees The input variables discussed above yield the maximum supportable impact fees shown in Figure 7. Fees for most types of commercial development are listed per square foot of floor area. The impact fee for accommodation is based on the number of units. Figure 7 — Transportation Impact Fee Schedule 15 Maximum Supportable Transportation Impact Fees Residentail Dwellings (per Unit) Dwelling, Two Family or Multiple Family (In the Core Area) Dwelling, Two Family or Multiple Family (Outside the Core Area) Dwelling, Single Family Employee Housing Unit Accommodation Unit (per Unit) Accommodation Unit (In Core Area) Accommodation Unit (Outside Core Area) Commercial (per square foot of floor area) Restaurant & Retail Establishments Facilities Health Care Office & Other Services $5,960 $7,450 $9,686 so $5,960 $7,450 $13.90 $9.93 $6.20 TischlerBise FISCAL 1 ECONOMIC 1 PLANNING June 6, 2017 - Page 174 of 311 Vail Transportation Impact Fees 1/9/17 Funding Strategy for Transportation System Improvements Revenue projections shown below assume implementation of the maximum supportable transportation impact fee. Projected revenues essentially match the growth share of the capital improvements plan for transportation (i.e. $20.8 million). Impact fee revenue can be accumulated over several years to construct major projects, but annually completing at least one capital project will ensure benefit to fee payers. The percentage of total impact fee revenue expected from each development type is shown below in the right column. New housing units in Vail will generate approximately 58% of the transportation impact fee revenue. New accommodation will generate approximately 11%, while other types of commercial development will yield approximately 31% of projected revenue. Figure 8 — Impact Fee Revenue Projection Development Type Additional Development Units Fee per Development Unit $5,960 $7,450 $5,960 $7,450 $9,686 $5,960 $7,450 $13,900 $9,930 $6,200 Projected Revenue $4,202,000 $4,127,000 $244,000 $2,310,000 $1,162,000 $1,609,000 $760,000 $4,448,000 $1,390,000 $546,000 Percent of Impact Fees 20% 20% 1% 11% 6% 8% 4% 21% 7% 3% Two Family or Multiple Family Units in Core Area 705 Two Family or Multiple Family Units Outside Core 554 Employee Housing Units in Core Area 41 Employee Housing Units Outside Core 310 Single Family Units 120 Accommodation Units in Core Area 270 Accommodation Units Outside Core 102 Restaurant & Retail KSF 320 Facilities Health Care KSF 140 Office & Other Services KSF 88 16 Total => $20,798,000 100% TischlerBise FISCAL 1 ECONOMIC 1 PLANNING June 6, 2017 - Page 175 of 311 Vail Transportation Impact Fees 1/9/17 APPENDIX A - DEMOGRAPHIC DATA In this Appendix, TischlerBise documents the demographic data used to derive trip rates by size of single family housing. In the Town of Vail, the fiscal year begins on January 1st. Impact fees are calibrated using 2016 as the base year and 2017 as the first projection year. Trip Generation by Type and Size of Housing Although the Town of Vail only expects a few single family (detached) housing units to be constructed each year, TischlerBise recommends a fee schedule whereby larger units pay higher transportation impact fees. Benefits of the proposed methodology include: 1) proportionate assessment of infrastructure demand using local demographic data, 2) progressive fee structure (i.e. smaller units pay less and larger units pay more), and 3) more affordable fees for workforce housing. Custom tabulations of demographic data by bedroom range can be created from individual survey responses provided by the American Community Survey (ACS) published by the U.S. Census Bureau, in files known as Public Use Microdata Samples (PUMS). Because PUMS files are available for areas of roughly 100,000 persons, the Town of Vail is included in Public Use Microdata Area (PUMA) 400 that includes Pitkin, Eagle, Summit, Grand and Jackson Counties. At the top of Figure Al, cells with yellow shading indicate the survey results, which yield the unadjusted number of persons and vehicles available per dwelling. These multipliers are adjusted to match the control totals for Vail. According to ACS table B25033 (five-year estimates) Vail had 5,277 year-round residents in 2014 and table B25032 indicates Vail had 2,451 households in 2014, or an average of 2.15 persons per household. TischlerBise used ACS tables B25046 and B25032 to derive the average number of vehicles available per household. In 2014, there were 3,738 aggregate vehicles available and 2,451 households, or an average of 1.53 vehicles available per household. The middle section of Figure Al provides nation-wide data from the Institute of Transportation Engineers (ITE). VTE is the acronym for Vehicle Trip Ends, which measures vehicles coming and going from a development. Dividing trip ends per household by trip ends per person yields an average of 2.17 persons per occupied condominium/townhouse and 3.78 persons per occupied single dwelling, based on ITE's national survey. Applying Vail's current housing mix of 77.7% condominium/townhouses and 22.3% single-family dwellings yields a weighted average of 2.53 persons per household. In comparison to the national data, Vail only has an average of 2.15 persons per household. Dividing trip ends per household by trip ends per vehicle available yields an average of 1.68 vehicles available per occupied condo/townhouse and 1.52 vehicles available per occupied single dwelling, based on ITE's national survey. Applying Vail's current housing mix yields a nation-wide weighted average of 1.64 vehicles available per household. In comparison to the national data, Vail has fewer vehicles available, with an average of 1.53 per housing unit. 17 TischlerBise FISCAL 1 ECONOMIC 1 PLANNING June 6, 2017 - Page 176 of 311 Vail Transportation Impact Fees 1/9/17 Rather than rely on one methodology, the recommended trip generation rates shown in the bottom section of Figure Al (see Vail PM -Peak VTE per Household), are an average of trip rates based on persons and vehicles available, for single family housing units by bedroom range. In the Town of Vail, each household in a single family unit is expected to generate an average of 0.57 PM -Peak Vehicle Trip Ends, compared to the national average of 0.63 trip ends per household. Figure Al - PM Peak Hour Vehicle Attraction Trips by Size of Detached House Calibrated to Demographic Control Totals for Vail, Colorado ACS 2013 5 -Year PUMS Data for PUMA 400 (Pitkin, Eagle, Summit, Grand and Jackson Counties) Bedroom Range Persons (1) Vehicles Available (1) Households (1) PUMA 400 Hshld Mix Unadjusted Persons/Hshld Adj Persons per Hshld (2) Unadjusted VehAvl/Hshld Adj Veh Avl per Hshld (2) 0-2 134 156 75 19.7% 1.79 1.62 2.08 1.38 3 409 376 165 43.4% 2.48 2.24 2.28 1.52 4 248 229 97 25.5% 2.56 2.31 2.36 1.57 5+ 114 112 43 11.3% 2.65 2.39 2.60 1.73 Total 905 National Averages According to ITE 873 380 ITE Code PM -Peak VTE per Person PM -Peak VTE per Vehicle Available PM -Peak VTE per Household Vail Hshld Mix 230 Condo / Townhouse 0.24 0.31 0.52 77.7% 210 SFD 0.27 0.67 1.02 22.3% Wgtd Avg 0.25 0.39 Recommended Trip Rate by Bedroom Range 0.63 Bedroom Range PM -Peak VTE per Hshld Based on Persons (3) PM -Peak VTE per Hshld Based on Veh Available (4) Vail PM -Peak VTE per Hshld (5) 0-2 0.41 0.54 0.48 3 0.56 0.59 0.58 4 0.58 0.61 0.60 5+ 0.60 0.67 0.64 Total 18 0.54 0.60 0.57 2.38 2.15 Persons per Household 2.17 3.78 2.53 2.30 1.53 Veh Avl per Household 1.68 1.52 1.64 (1) American Community Survey, Public Use Microdata Sample for CO PUMA 400 (2013 Five -Year unweighted data). (2) Adjusted multipliers are scaled to make the average PUMS values match control totals for Vail (ACS 2014 Five -Year data). (3) Adjusted persons per household multiplied by national weighted average trip rate per person. (4) Adjusted vehicles available per household multiplied by national weighted average trip rate per vehicle available. (5) Average of trip rates based on persons and vehicles available per housing unit. Does not show adjustment to inbound trips (64% entering). TischlerBise FISCAL 1 ECONOMIC 1 PLANNING June 6, 2017 - Page 177 of 311 Vail Transportation Impact Fees 1/9/17 Trip Generation by Floor Area of Single Family Housing To derive afternoon peak hour inbound trips by square feet of single family housing, TischlerBise combined demographic data from the Census Bureau (discussed above) and single family house size data from the County Assessor's parcel database. The number of bedrooms per housing unit is the common connection between the two databases. In Vail, the average size single family housing unit with two or less bedrooms has 1,594 square feet of heated space. The average three-bedroom unit has 2,667 square feet of floor area. The average size of a four-bedroom unit is 3,698 square feet of floor area. Single family housing units with five or more bedrooms average 5,706 square feet of floor area. Average floor area and number of inbound trips by bedroom range are plotted in Figure A2, with a logarithmic trend line derived from the four actual averages in the Town of Vail. TischlerBise used the trend line formula to derive estimated average PM -Peak, inbound trips by size of single family housing unit, in 300 square feet intervals. Square feet measures heated floor area (excluding porches, garages, unfinished basements, etc.). Based on the size of single family housing units in Vail, TischlerBise recommends limiting transportation impact fees for single family housing to the floor area range shown below. In other words, a single family house with 2,099 or less square feet would pay a transportation impact fee based on 0.33 inbound vehicle trips. Likewise, single family units with 6,300 or more square feet of heated space would pay a maximum transportation impact fee based on 0.42 inbound vehicle trips. 19 TischlerBise FISCAL 1 ECONOMIC 1 PLANNING June 6, 2017 - Page 178 of 311 Vail Transportation Impact Fees 1/9/17 Figure A2 - PM Peak Hour Inbound Trips by Square Feet Average dwelling size by bedroom range is from County Assessor parcel database. PM -Peak vehicle trip ends are derived using ACS PUMS data and calibrated to Town of Vail demographics. Inbound trips are 64% of trip ends (ITE Actual Averages per Hsg Unit Fitted -Curve Values Bedrooms Square Feet Inbound Trips Square Feet Inbound Trips 0-2 1,594 0.31 2099 or less 0.33 3 2,667 0.37 2100 to 2599 0.34 4 3,698 0.38 2600 to 3099 0.35 5+ 5,706 0.41 0.45 0.40 0.35 0.30 0.25 0.20 0.15 0.10 0.05 0.00 PM -Peak Inbound Vehicle Trips per Detached Dwelling by Size within Vail, CO y = 0.076In(x) - 0.2431 R2 = 0.9513 0 1,000 2,000 3,000 4,000 5,000 6,000 Square Feet of Heated Area 20 3100 to 3599 0.37 3600 to 4099 0.38 4100 to 4599 0.39 4600 to 5099 0.40 5100 to 5599 0.41 5600 to 6099 0.41 6100 or more 0.42 TischlerBise FISCAL 1 ECONOMIC 1 PLANNING June 6, 2017 - Page 179 of 311 Vail Transportation Impact Fees 1/9/17 APPENDIX B: IMPLEMENTATION AND ADMINISTRATION Development impact fees should be periodically evaluated and updated to reflect recent data. One approach is to adjust for inflation using an index, such as the Engineering News Record (ENR) Construction Cost Index published by McGraw-Hill Companies. This index could be applied to the adopted impact fee schedule. If cost estimates or demand indicators change significantly, the Town should redo the fee calculations. Colorado's enabling legislation allows local governments to "waive an impact fee or other similar development charge on the development of low or moderate income housing, or affordable employee housing, as defined by the local government." However, projected impact fee revenue from employee housing accounts for approximately 12% of the growth cost to be funded by impact fees. Given this magnitude, waiving impact fees for workforce housing will create a significant funding gap. Credits and Reimbursements Specific policies and procedures related to site-specific credits or developer reimbursements will be addressed in the ordinance that establishes the transportation impact fees. Project - level improvements, normally required as part of the development approval process, are not eligible for credits against impact fees. If a developer constructs a system improvement (see the impact fee funded improvements listed in Figure 5), it will be necessary to either reimburse the developer or provide a site-specific credit. The latter option is more difficult to administer because it creates unique fees for specific geographic areas. TischlerBise recommends establishing reimbursement agreements with the developers that construct a system improvement. The reimbursement agreement should be limited to a payback period of no more than ten years and the Town should not pay interest on the outstanding balance. The developer must provide sufficient documentation of the actual cost incurred for the system improvement. The Town should only agree to pay the lesser of the actual construction cost or the estimated cost used in the impact fee analysis. If the Town pays more than the cost used in the fee analysis, there will be insufficient impact fee revenue. Reimbursement agreements should only obligate the Town to reimburse developers annually according to actual fee collections from the service area. If the Town collects impact fees for other types of infrastructure, site specific credits or developer reimbursements for one type of system improvement does not negate payment of impact fees for other types of infrastructure. Town -wide Service Area The transportation impact fee service area is defined as the entire incorporated area within the Town of Vail. Even though Colorado's enabling legislation uses the phrase "direct benefit" Vail is a relatively small geographic area with a strong core area. Transportation improvements along the 1-70 corridor will benefit new development throughout the entire Town. 21 TischlerBise FISCAL 1 ECONOMIC 1 PLANNING June 6, 2017 - Page 180 of 311 Vail Transportation Impact Fees 1/9/17 Development Categories Proposed transportation fees are assessed based on general land use categories. The categories within the Transportation Impact Fee Schedule are further defined within Title 12-2-2 of the Town of Vail Code. Any uses or development types not specifically defined below or within Title 12-2-2 shall be interpreted by the Administrator in accordance with the Vail Transportation Impact Fee Study. Residential Development Residential development categories represent general groups of land uses that share similar characteristics. 1. Single Family includes: • Dwelling, Single -Family 2. Two Family or Multiple Family includes: • Dwelling, Multiple -Family • Dwelling, Two -Family • Fractional Fee Club Unit 3. Accommodation includes: • Accommodation Unit • Accommodation Unit, Attached • Lodge Dwelling Unit • Lodge, Limited Service • Timeshare Unit Commercial Development Commercial development categories represent general groups of land uses that share similar characteristics. 1. Facilities Health Care includes: • Healthcare Facilities 2. Office & Other Services includes: • Professional Offices, Business Offices, and Studios • Banks and Financial Institutions • Personal Services and Repair Shops • Child Daycare Center • Health Clubs / Spas • Commercial Ski Storage / Ski Clubs • Religious Institutions 3. Restaurant & Retail includes: • Eating and Drinking Establishments • Retail Stores and Establishments • Theaters 22 TischlerBise FISCAL 1 ECONOMIC 1 PLANNING June 6, 2017 - Page 181 of 311 Vail Transportation Impact Fees 1/9/17 Even though churches are a common type of development, they do not have a specific impact fee category due to a lack of sufficient data. For churches and any other atypical development, staff must establish a consistent administrative process to reasonably treat similar developments in a similar way. When presented with a development type that does not match one of the development categories in the published fee schedule, the first option is to look in the ITE trip generation book to see if there is land use category with valid trip rates that match the proposed development. The second option is to determine the published category that is most like the proposed development. Churches without daycare or schools are basically an office area (used throughout the week) with a large auditorium and class space (used periodically during the week). Some jurisdictions make a policy decision to impose impact fees on churches based on the fee schedule for warehousing. The rationale for this policy is the finding that churches are large buildings that generate little weekday traffic and only have a few full time employees. A third option is to impose impact fees on churches by breaking down the building floor area into its primary use. For example, a church with 25,000 square feet of floor area may have 2,000 square feet of office space used by employees throughout the week. At a minimum, impact fees could be imposed on the office floor area. An additional impact fee amount could be imposed for the remainder of the building based on the rate for a warehouse. An applicant may submit an independent study to document unique demand indicators for a particular development. The independent study must be prepared by a professional engineer or certified planner and use the same type of input variables as those in the transportation impact fee methodology. The independent fee study will be reviewed by Town staff and can be accepted as the basis for a unique fee calculation. If staff determines the independent fee study is not reasonable, the applicant may appeal the administrative decision to elected officials for their consideration. 23 TischlerBise FISCAL 1 ECONOMIC 1 PLANNING June 6, 2017 - Page 182 of 311 Vail Transportation Impact Fees 1/9/17 APPENDIX C: REFERENCES Been, Vicki. 2005. "Impact Fees and Housing Affordability", Cityscape: Journal of Policy Development and Research, Vol. 8, No. 1, 139-185. Blanton, Whit. 2000. "Integrating Land Use and Transportation" Planning Commissioners Journal, Number 40: 9-13. Bochner, Brian, Kevin Hooper, and Benjamin Sperry. 2010. "Improving Estimation of Internal Trip Capture for Mixed -Use Development" ITE Journal 80(8): 24-28, 33. Cherry, Nathan and Kurt Nagle. 2009. Grid /Street/Place: Essential Elements of Sustainable Urban Districts. American Planning Association Planners Press. Currans, Kristina and Kelly Clifton. 2015. "Using Household Travel Surveys to Adjust ITE Trip Generation Rates" Journal of Transport and Land Use, Vol. 8, No. 1, pp. 85-119. Daisa, James and Terry Parker. 2009. "Trip Generation Rates for Urban Infill Land Uses in California" ITE Journal. Daisa, James, M. Schmitt, P. Reinhofer, K. Hooper, B. Bochner and L. Schwartz. 2013. "Trip Generation Rates for Transportation Impact Analyses of Infill Developments" Transportation Research Board NCHRP Report 758. Downs, Anthony. 1992. Stuck in Traffic: Coping with Peak Hour Traffic Congestion. Washington, D.C.: Brooking Institute. Dumbaugh, Eric, and Robert Rae. 2009. "Safe Urban Form: Revisiting the Relationship Between Community Design and Traffic Safety." Journal of the American Planning Association 75(3): 309-329. Ewing, Reid, Eric Dumbaugh and Mike Brown. 2003. "Internalizing Travel by Mixing Land Uses" Transportation Research Record 1780. Ewing, Reid and Robert Cervero. 2010. "Travel and the Built Environment" Journal of the American Planning Association, 76:3, 265-294. Frank, Lawrence and Gary Pivo. 1992. "Impacts of Mixed Use and Density on Utilization of Three Modes of Travel: Single -Occupant Vehicle, Transit, and Walking" Transportation Research Record 1466. Frank, Lawrence. 1994. Analysis of Relationships Between Urban Form and Travel Behavior. PhD Dissertation, University of Washington. Frank, Lawrence. 2000. "Land Use and Transportation Interaction: Implications on Public Health and Quality of Life" Journal of Planning Education and Research 20, 6-22. 24 TischlerBise FISCAL 1 ECONOMIC 1 PLANNING June 6, 2017 - Page 183 of 311 Vail Transportation Impact Fees 1/9/17 Giuliano, Genevieve. 1989. "New Directions for Understanding Transportation and Land Use" Environment and Planning A, Volume 21: 145-159. Hanson, Susan, and Genevieve Giuliano, eds. 2004. Geography of Urban Transportation. Guilford Press. Holian, Matthew and Matthew Kahn. 2012. Impact of Center City Economic and Cultural Vibrancy on Greenhouse Gas Emissions from Transportation. Mineta Transportation Institute, Report 11-13. Jacobs, Allan. 2001. Great Streets (sixth edition). Massachusetts Institute of Technology Press. Jones, David. 1985. Urban Transit Policy: An Economic and Political History. Prentice -Hall. Englewood Cliffs, NJ. Layton, Colleen, Tawny Pruitt and Kim Cekola (editors). 2011. Economics of Place: The Value of Building Communities Around People. Michigan Municipal League. Leinberger, Christopher. 2009. The Option of Urbanism: Investing in a New American Dream. Island Press. Litman, Todd. 2015. Analysis of Public Policies that Unintentionally Encourage and Subsidize Urban Sprawl. Victoria Transportation Policy Institute. Mathur, Shishir and Adam Smith. 2012. Decision -Support Framework for Using Value Capture to Fund Public Transit: Lessons from Project -Specific Analyses. Mineta Transportation Institute, College of Business, San Jose State University. Moore, Terry, and Paul Thorsnes. 1994. The Transportation/Land Use Connection. Planning Advisory Service Report no. 448/449. Chicago: American Planning Association. Moore, Terry, Paul Thorsnes and Bruce Appleyard. 2007. The Transportation/Land Use Connection (new edition). PAS Report 546-47. Chicago, IL: American Planning Association. Myers, Dowell (editor). 1990. Housing Demography: Linking Demographic Structure and Housing Markets. Madison, WI: University of Wisconsin Press. Nelson, Arthur, ed. 1988. Development Impact Fees. Chicago: Planners Press. Nelson, Arthur, Casey Dawkins and Thomas Sanchez. 2007. Social Impacts of Urban Containment. Ashgate Publishing Limited. Nelson, Arthur, Liza Bowles, Julian Juergensmeyer, and James Nicholas. 2008. A Guide to Impact Fees and Housing Affordability. Island Press. 25 TischlerBise FISCAL 1 ECONOMIC 1 PLANNING June 6, 2017 - Page 184 of 311 Vail Transportation Impact Fees 1/9/17 Nelson, Arthur. 2013. Reshaping Metropolitan America: Development Trends and Opportunities to 2030. Island Press. Nelson / Nygaard Consulting Associates. 2005. Crediting Low -Traffic Developments. Nicholas, James, Arthur Nelson, and Julian Juergensmeyer. 1991. A Practitioner's Guide to Development Impact Fees. Chicago: Planners Press. Pucher, John and Lefevre, Christian. 1996. The Urban Transportation Crisis. London: MacMillan Press. Reconnecting America. 2008. Capturing the Value of Transit. Federal Transit Administration. Reid Ewing, Michael Greenwald, Ming Zhang, Jerry Walters, Mark Feldman, Robert Cervero, Lawrence Frank, and John Thomas. 2011. "Traffic Generated by Mixed -Use Developments: Six - Region Study Using Consistent Built Environmental Measures" Journal of Urban Planning and Development 137(3): 248-61. Resource Systems Group, Fehr & Peers, Robert Cervero, Kara Kockelman, and Renaissance Planning Group. 2012. Effect of Smart Growth Policies on Travel Demand. Strategic Highway Research Program 2 Report S2 -C16 -RR -1. Transportation Research Board of the National Academies. Ross, Catherine and Anne Dunning. 1997. Land Use Transportation Interaction: An Examination of the 1995 NPTS Data. Georgia Institute of Technology. Schiller, P., E. Bruun, and J. Kenworthy. 2010. Introduction to Sustainable Transportation: Policy, Planning, and Implementation. Earthscan. Schneider, Robert, Susan Handy and Kevan Shafizadeh. 2014. "Trip Generation for Smart Growth Projects" Access 45, University of California Transportation Center. Seggerman, Karen, Kristine Williams, Pei -Sung Lin, and Aldo Fabregas. 2009. Evaluation of the Mobility Fee Concept. Center for Urban Transportation Research, University of South Florida. Shoup, Donald. 2011. High Cost of Free Parking. American Planning Association. Speck, Jeff. 2012. Walkable City: How Downtown Can Save America, One Step at a Time. Farrar, Straus and Giroux. Steiner, Ruth, and Siva Srinivasan. 2010. VMT-Based Traffic Impact Assessment: Development of a Trip Length Model. Center for Multimodal Solutions at the University of Florida. Transportation Research Board. 1994. Curbing Gridlock: Peak -Period Fees to Relieve Traffic Congestion. Washington, DC: National Academy Press Special Report 242. 26 TischlerBise FISCAL 1 ECONOMIC 1 PLANNING June 6, 2017 - Page 185 of 311 Vail Transportation Impact Fees 1/9/17 Transportation Research Board. 2001. Making Transit Work. National Academy Press Special Report 257. Transportation Research Board. 2009. Driving and the Built Environment. National Academy Press Special Report 298. Urban Land Institute and National Multi Housing Council. 2008. Getting Density Right: Tools for Creating Vibrant Compact Development. Vuchic, Vukan. 2000. Transportation for Livable Cities. New Brunswick, NJ: Rutgers University Center for Urban Policy Research. 27 TischlerBise FISCAL 1 ECONOMIC 1 PLANNING June 6, 2017 - Page 186 of 311 Development Name Address Building Type Permit Number(s) 103 Rockledge Rosenbach Road NSFR (new single family) B15-0041 F16-0027 E16-0122 A16-0044 DRB 140278 DRB 150325 PEC140034 DRB 150053 DRB 1500431 DRB140189 DRB 16-0275 DRB 16-0276 Remmert NSFR (new single 5147 Gore Circle family) B16-0229 E16-0123 F16-0067 A16-0073 DRB 16-0133 DRB 16-0178 DRB 17-0122 Gerardi 2705 Bald Mountain Road Addition to existing B16-0400 DRB 16-0263 Mountain CI Holdings 2755 Snowberry NDUP (new Drive duplex) B15-0020 B15-0021 A15-0021 A15-0022 F15-0081 F15-0082 DRB 140538 DRB 150443 DRB 150444 DRB 16-0179 ADM 16-0006 Project Valuation 9,105,064 34,959 668,000 2,500 9,810,523 1,010,000 23,500 30,000 4,500 1,068,000 300,000 300,000 778,200 1,166,040 4,500 4,500 23,500 23,500 Development Review Process Matrix Permit Fees Due (excluding Use Tax Construction Recreation Use Tax Paid Fees 83,323 1,918 1184.5 381.75 650 650 20 650 20 20 0 0 332,443 2,030 88,817 332,443 2,030 10,705 667 1,707 457 650 20 20,000 554 14,205 20,000 554 3,909 300 5,800 120 4,209 5,800 120 10,417 13,623 457 457 1,431 1,431 650 20 20 20 100 15,364 23,121 752 790 Permit % of Project Fees Paid Valuation 415,765 1,918 1,185 382 650 650 20 650 20 20 421,259 31,259 667 1,707 457 650 20 4.29% 34,760 9,829 300 3.25% 10,129 25,781 36,744 457 457 1,431 1,431 650 20 20 20 100 3.38% S:\Community Development\Boards\Planning Environmental Commission\PEC Meetings 2017\050817\PEC17-0008 Traffic Impact Fee\PEC17-0008 Copy of Devel1gahZnt review matrix_impact fees_2017-0502 June 6, 2017 - Page 187 of 311 Housing Fee In Lieu Payment(2009 values Traffic Impact Fee Actual/ Existing Proposed AIPP 9,686 9,686 9,686 9,686 14,900 Proposed Total Project Costs (includes permit fees due; proposed - hsg mitigation fee, use tax, rec fees, % of Project bonds/DIA, Impact Fees) Valuation 432,976 4.41% 44,446 4.16% 10,129 3.38% 05/04/2017 Development Name Address Building Type Permit Number(s) 705 West NCOM (new Lion Lionshead Cr commercial) B11-0496 A15-0012 A16-0006 D14-0002 DRB 140041 DRB 140375 DRB 150044 DRB 150490 DRB 160036 F15-0069 PEC130044 PEC140029 PEC140030 PEC150006 PEC150007 ADM 17-0004 ADM 17-0006 PW Solaris 143 East Meadow NCOM (new Dr commercial) DEV05-0003 (exclude PRJ04- PRJ05-0569 A09-0026 A09-0034 A09-0057 ADM 100004 ADM 100005 ASB07-0002 B07-0275 D07-0001 DRB050640 DRB070314 DRB070392 DRB070551 DRB080580 DRB090096 DRB 100033 DRB 100072 DRB 100107 DRB100168 DRB100174 DRB 100342 DRB 100375 DRB 110004 DRB 110076 E07-0288 E07-0366 E08-0027 E08-0102 S:\Community Development\Boards\Planning Environmental Commission\PEtIZ Project Valuation 2,000,240 90,151,250 443,277 22,500 111,000 540,264 91,268,291 4,200 1,764,092 9,900 14,500 92,299,893 540,000 85,000 7,200 6,200 17,866,000 25,000 Permit Fees Due (excluding Construction Use Tax Use Tax Paid 28,625 38,485 Recreation Fees 1,542 888,455 16,911 1,132 1,854 20 20 20 20 70 23,393 650 800 650 800 650 100 100 11,813 1,805,045 310,818 947,458 1,805,045 310,818 399 66,385 4,001 100 100 116 677,711 5,652 650 20 20 20 20 97 20 124 20 67 50 20 20 62 20 1,821 179 1,345 349,023 181,532 008 Traffic ImpaGeae\PEC17-0008 Copy of Deve1201Znt revi June 6, 2017 - Page 188 of 311 % of Permit Project Fees Paid Valuation 67,110 3.36% 3,004,318 16,911 1,132 1,854 20 20 20 20 70 23,393 650 800 650 800 650 100 100 11,813 3,063,321 399 66,385 4,001 100 100 116 859,242 5,652 650 20 20 20 20 97 20 124 20 67 50 20 20 62 20 1,821 179 1,345 349,023 669 3.36% Housing Fee In Lieu Payment(2009 values Actual/ Existing Proposed AIPP 14,900 273,000 45,077 70,000 273,000 45,077 70,000 7,629,918 19,500 359,700 1,100, 000 Total Project Costs (includes permit fees due; proposed - hsg mitigation fee, use tax, rec fees, % of Project bonds/DIA, Impact Fees) Valuation 83,551 4.18% 3,178,398 3.48% Development Name Address Building Type Permit Number(s) F08-0063 F08-0881 M08-0080 M08-0280 M09-0031 M09-0059 M09-0155 M09-0165 M10-0071 M10-0114 P08-0027 PEC050093 PEC050094 PEC050095 PEC070004 PEC070005 PEC070035 PEC070082 PEC080068 PEC090003 PEC090026 PEC100010 PEC100029 P W 07-0046 P W 07-0047 P W 07-0064 P W 07-0065 P W 07-0147 P W 07-0200 P W 07-0201 P W 07-0245 P W 07-0246 P W 07-0307 P W 08-0090 P W 08-0091 P W 08-0102 P W 08-0109 P W 08-0124 P W 08-0130 P W 08-0202 P W 08-0206 P W 08-0242 P W 08-0243 P W 08-0275 P W 08-0324 P W 08-0325 P W 08-0345 P W 09-0010 P W 09-0026 P W 09-0041 P W 09-0045 P W 09-0048 P W 09-0049 P W 09-0051 P W 09-0054 S:\Community Development\Boards\Planning Environmental Commission\FWIQZ72 Project Valuation 1,798,000 55,000 10,060,090 22,000 377,901 96,800 32,294 478,000 350,000 7,000 7,222,948 Permit Fees Due (excluding Use Tax 76,765 2,688 251,529 1,114 9,454 2,429 829 11,954 8,755 180 135,435 6,000 650 1,300 1,250 650 1,250 1,000 1,000 1,250 1,250 1,300 500 1,218 218 2,670 4,730 220 220 21,482 50 13,981 445 150 500 700 150 150 784 250 250 150 21,532 2,170 213 150 888 Construction Recreation Use Tax Paid Fees 150 - 008 Traffic I4a5f'e\PEC17-0008 Copyof DevelbOZnt revi June 6, 2017 - Page 189 of 311 Permit Fees Paid 76,765 2,688 251,529 1,114 9,454 2,429 829 11,954 8,755 180 135,435 6,000 650 1,300 1,250 650 1,250 1,000 1,000 1,250 1,250 1,300 500 1,218 218 2,670 4,730 220 220 21,482 50 13,981 445 150 500 700 150 150 784 250 250 150 21,532 2,170 213 150 888 150 1,540 % of Project Valuation Housing Fee In Lieu Payment(2009 values Actual/ Existing Proposed AIPP Total Project Costs (includes permit fees due; proposed - hsg mitigation fee, use tax, rec fees, % of Project bonds/DIA, Impact Fees) Valuation Development Name Address Building Type Permit Number(s) P W 09-0079 P W 09-0080 P W 09-0089 P W 09-0090 P W 09-0102 P W 09-0126 P W 09-0140 P W 09-0169 P W 09-0190 P W 09-0191 PW 10-0006 PW 10-0007 P W 10-0010 P W 10-0012 P W 10-0013 P W 10-0015 P W 10-0017 PW 10-0023 PW 10-0027 PW 10-0039 PW 10-0085 PW 10-0097 PW 10-0098 PW 10-0099 PW 10-0101 PW 10-0127 P W 10-0132 P W 10-0135 P W 10-0148 P W 10-0149 P W 10-0150 PW 10-0151 P W 10-0152 P W 10-0153 P W 10-0167 P W 10-0168 P W 10-0189 P W 10-0190 PRJ06-0492 DRB060504 PRJ06-0530 B06-0348 DRB 110097 PRJ07-0163 DRB070172 PRJ08-0247 PEC080034 PEC080075 PRJ08-0417 B08-0287 DRB 100233 E09-0131 F09-0056 M09-0105 P09-0062 S:\Community Development\Boards\Planning Environmental CRPARa Meetings 2 Project Valuation 500 1,675,000 257,238 3,700 190,000 110,000 Permit Fees Due (excluding Construction Recreation Use Tax Use Tax Paid Fees 12,959 505 150 150 250 100 100 150 320 175 1,700 600 2,405 1,140 150 540 900 845 470 500 2,145 250 172 500 450 800 3,100 578 859 2,612 56 65 62 110 1,250 500 13,949 55 15,417 507 4,754 2,067 008 Traffic Impact Fee\PEC17-0008 Copy of DevekbitufiZnt revi June 6, 2017 - Page 190 of 311 % of Permit Project Fees Paid Valuation 12,959 505 150 150 250 100 100 150 320 175 1,700 600 2,405 1,140 150 540 900 845 470 500 2,145 250 172 500 450 800 3,100 578 859 2,612 56 65 62 110 1,250 500 13,949 55 15,417 507 4,754 2,067 Housing Fee In Lieu Payment(2009 values Actual/ Existing Proposed AIPP Total Project Costs (includes permit fees due; proposed - hsg mitigation fee, use tax, rec fees, % of Project bonds/DIA, Impact Fees) Valuation Development Name Address Building Type Permit Number(s) B09-0010 E09-0024 M10-0018 P10-0008 PRJ09-0024 B09-0011 DRB 100621 E09-0025 F10-0066 M10-0165 P10-0119 PRJ09-0034 B09-0016 DRB 100308 DRB 100507 E09-0130 F10-0017 M09-0104 P09-0061 PEC100045 PEC100049 PRJ09-0040 B09-0021 E09-0256 M09-0243 P09-0163 PRJ09-0305 B09-0170 A09-0070 E09-0208 F09-0048 M09-0214 P09-0150 PRJ09-0657 B10-0014 E10-0001 M10-0003 M10-0020 P10-0002 PRJ09-0669 Al 0-0025 B09-0347 DRB 1000351 DRB 100431 E10-0012 F10-0005 M10-0023 PRJ09-0682 A10-0010 B09-0352 DRB 100157 El 0-0002 F10-0006 M10-0007 S:\Community Development\Boards\Planning Environmental \FIMNIIPe Project Valuation 167,875 6,471 32,272 24,693 53,920 6,471 1,892 2,500 1,500 1,576,500 795,336 2,200 256,000 155,000 983,125 146,000 13,700 3,200 249,500 4,000 152,000 640 60,000 40,000 116,000 13,900 14,500 2,000 15,100 1 25,000 16,000 2,497 11,000 4,500 65,500 12,491 1,500 29,115 Permit Fees Due (excluding Use Tax 2,273 157 829 473 1,112 56 157 512 79 42 13,228 60 62 16,158 526 6,404 2,910 200 1,300 9,243 1,798 355 79 3,030 438 62 377 1,504 754 1,792 177 379 54 304 288 1,060 60 56 497 538 279 457 1,362 65 326 496 754 008 Traffic Impalfae\PEC17-0008 Copy of Devel5OZnt revi Construction Recreation Use Tax Paid Fees June 6, 2017 - Page 191 of 311 Permit Fees Paid 2,273 157 1,112 56 157 512 79 42 13,228 60 62 16,158 526 6,404 2,910 200 1,300 9,243 1,798 355 79 3,030 438 62 377 1,504 754 1,792 177 379 54 304 288 1,060 60 56 497 538 279 457 1,362 65 326 496 754 190 % of Project Valuation Housing Fee In Lieu Payment(2009 values Actual/ Existing Proposed AIPP Total Project Costs (includes permit fees due; proposed - hsg mitigation fee, use tax, rec fees, % of Project bonds/DIA, Impact Fees) Valuation Development Name Address Building Type Permit Number(s) P RJ 10-0023 A10-0013 Al 0-0026 B10-0008 DRB 100353 E10-0018 F10-0018 M10-0033 P10-0015 P RJ 10-0039 B10-0015 El 0-0068 M10-0039 P10-0016 P RJ 10-0081 Al 0-0024 Al 0-0045 B10-0034 DRB 100372 El 0-0028 F10-0015 M10-0058 P10-0066 P RJ 10-0160 Al 0-0044 B10-0085 DRB100410 DRB 100632 El 0-0065 F10-0045 M10-0105 M10-0112 P10-0080 P RJ 10-0171 Al 0-0073 B10-0093 DRB 100273 E10-0181 F10-0044 M10-0166 P10-0120 P RJ 10-0174 A11-0010 B10-0095 E10-0146 F11-0009 F11-0018 M10-0091 P10-0067 P RJ 10-0298 E10-0134 P RJ 10-0323 A10-0091 B10-0154 DRB 100588 S:\Community Development\Boards\Planning Environmental Commission\PEt:lj0 Project Valuation 4,875 1 270,000 38,500 1,564 30,000 14,000 96,000 14,600 900 800 3,910 2,000 75,000 22,000 1,750 19,000 3,906 6,184 62,000 25,000 3,375 26,000 2,500 2,500 2,323 296,625 39,000 4,125 28,400 1,000 2,475 280,500 33,600 2,080 4,600 49,100 38,300 2,500 2,850 71,000 16,449 Permit Fees Due (excluding Construction Recreation Use Tax Use Tax Paid Fees 471 288 3,324 56 934 498 754 267 1,762 478 29 23 435 363 1,355 56 611 506 479 79 520 1,315 56 56 668 575 974 79 60 375 3,465 56 934 607 729 23 381 3,941 1,461 520 628 2,365 1,541 385 395 1,309 - 56 008 Traffic ImpAtlfebe\PEC17-0008 Copy of DevelOguhZnt revi June 6, 2017 - Page 192 of 311 % of Permit Project Fees Paid Valuation 471 288 3,324 56 934 498 754 267 1,762 478 29 23 435 363 1,355 56 611 506 479 79 520 1,315 56 56 668 575 974 79 60 375 3,465 56 934 607 729 23 381 3,941 1,461 520 628 2,365 1,541 385 395 1,309 56 516 Housing Fee In Lieu Payment(2009 values Actual/ Existing Proposed AIPP Total Project Costs (includes permit fees due; proposed - hsg mitigation fee, use tax, rec fees, % of Project bonds/DIA, Impact Fees) Valuation Development Name Address Building Type Permit Number(s) F10-0054 M10-0152 PRJ10-0337 Al 0-0075 B10-0161 DRB 100236 DRB 100237 E10-0176 F10-0059 M10-0134 P10-0110 P RJ 10-0407 Al 0-0072 B10-0201 DRB 100424 E10-0210 F10-0065 M10-0172 P RJ 10-0513 B10-0271 El 0-0248 F10-0078 M10-0232 P10-0158 P RJ 10-0570 A10-0108 B10-0306 DRB 100628 El 0-0308 F10-0077 M10-0256 P10-0170 P RJ 10-0702 A10-0107 B10-0382 DRB 100586 El 0-0309 F10-0097 M10-0267 Project Valuation 4,800 35,000 2,647 213,000 28,000 3,500 19,200 8,000 1,876 54,800 15,000 1,720 4,000 36,300 4,500 4,500 800 2,300 2,020 75,500 17,000 1,925 3,100 4,900 240 100,000 50,000 1,875 8,400 142,728,549 Permit Fees Due (excluding Use Tax 636 879 387 2,688 56 20 725 581 504 154 358 1,125 56 478 505 105 851 289 623 49 60 364 1,366 56 516 514 104 98 472 1,645 62 1,143 512 229 Construction Recreation Use Tax Paid Fees 1,904,868 181,532 Permit Fees Paid 636 879 387 2,688 56 20 725 581 504 154 358 1,125 56 478 505 105 851 289 623 49 60 364 1,366 56 516 514 104 98 472 1,645 62 1,143 512 229 % of Project Valuation 2,085,097 1.46% S:\Community Development\Boards\Planning Environmental Commission\PEC Meetings 2017\050817\PEC17-0008 Traffic Impact Fee\PEC17-0008 Copy of DevelbpfiZnt review matrix_impact fees_2017-0502 June 6, 2017 - Page 193 of 311 Housing Fee In Lieu Payment(2009 values Actual/ Existing Proposed AIPP 7,629,918 19,500 359,700 1,100,000 Total Project Costs (includes permit fees due; proposed - hsg mitigation fee, use tax, rec fees, % of Project bonds/DIA, Impact Fees) Valuation 11,176,017 7.83% 05/04/2017 ATTACHMENT D Transportation Impact Fee Schedule (January 2017 -Original) Maximum Supportable Transportation Impact Fees Residential (oer housina unit) Attached in Core Area Attached Outside Core Detached Detached Detached Detached Detached Detached Detached Detached Detached Detached Detached Detached Detached Detached Detached Hotel (per room) Heated Sq Ft all sizes all sizes 2099 or less 2100 to 2399 2400 to 2699 2700 to 2999 3000 to 3299 3300 to 3599 3600 to 3899 3900 to 4199 4200 to 4499 4500 to 4799 4800 to 5099 5100 to 5399 5400 to 5699 5700 to 5999 6000 to 6299 6300 or more Hotel in Core Area Hotel Outside Core Nonresidential (per square foot of floor area) $5,960 $7,450 $8,195 $8,444 $8,692 $9,686 $9,686 $9,934 $9,934 $10,182 $10,182 $5,960 $7,450 June 6, 2017 - Page 194 of 311 Transportation Impact Fee Schedule (February 2017, Revised per Council Direction) Maximum Supportable Transportation Impact Fees Residential (per housing unit Attached in Core Area all sizes $5,960 Attached Outside Core all sizes $7,450 Detached 2099 or less $8,195 Detached 2100 to 2599 $8,444 Detached 2600 to 3099 $8,692 Detached 3100 to 3599 $9,189 Detached 3600 to 4099 $9,437 Detached 4100 to 4599 $9,686 Detached 4600 to 5099 $9,934 Detached 5100 to 5599 $10,182 Detached 5600 to 6099 $10,182 Detached 6100 or more $10,431 Hotel (per room) Hotel in Core Area $5,960 Hotel Outside Core $7,450 Nonresidential (per square foot of floor area) Commercial $13.90 Hospital $9.93 Office & Other Services $6.20 Heated Sq Ft Transportation Impact Fee Schedule (May 2017, PEC FINAL RECOMMENDATION) Maximum Supportable Transportation Impact Fees Residential Dwellings (per Unit) Dwelling, Two Family or Multiple Family (In the Core Area) $ 5,960.00 Dwelling, Two Family or Multiple Family (Outside the Core Area) $ 7,450.00 Dwelling, Single Family $ 9,686.00 Employee Housing Unit $0 Accommodation Unit (per Unit) Accommodation Unit (In Core Area) $ 5,960.00 Accommodation Unit (Outside Core Area) $ 7,450.00 Commercial (per square foot of floor area) Restaurant & Retail Establishments $ 13.90 Facilities Health Care $ 9.93 Office & Other Services $ 6.20 June 6, 2017 - Page 195 of 311 MINN VaiLi PLANNING AND ENVIRONMENTAL COMMISSION May 8, 2017, 1:00 PM Vail Town Council Chambers 75 S. Frontage Road -Vail,Colorado, 81657 (Note: This is not a copy of the full results of the entire meeting of May 8, 2017. These results are provided only for the review of the proposed Transportation Impact Fee. Please contact the Community Development Department for a complete copy of the results of this meeting, which includes other projects and applications.) 5. A request for a recommendation to the Vail Town Council for a zoning text amendment pursuant to Section 12-3-7 Amendment, Vail Town Code, to amend Title 12 of the Vail Town Code to add a new Chapter 26, Traffic Impact Fee, and setting forth details in regard thereto. (PEC17-0008) Applicant: Town of Vail, represented by Tom Kassmel Planner: Chris Neubecker Motion #1: Table to May 22, 2017 First: Gillette Second: Stockmar (Opposed: Rediker, Lockman, Perez, Hopkins, Kurz) Vote: 2-5 Motion #2: Forward recommendation of approval, with condition to amend the language as previous suggested by Perez, to exempt remodels on residential units, and the fee shall be set by Town Council "on a rational basis". First: Lockman Second: Kurz (Opposed: Rediker, Perez, Gillette, Stockmar) Vote: 3-4 Motion #3: Forward recommendation of approval, as the ordinance is currently proposed in staff memo. First: Lockman Second: Kurz (Opposed: Gillette, Stockmar, Perez) Vote: 4-3 Neubecker introduced the application. This item was heard a few weeks ago, and tabled to today to allow more research. He presented a development fees matrix showing all of the fees and taxes paid in the development review process. He also discussed why the fee is not based on parking, as suggested by the PEC. Draft ordinance has been modified to simplify, and removing some definitions already in the code. Recommendation is to proceed as previously presented. Lockman: Asked how the fees will be set. Neubecker: Fees are adjusted each year by resolution, rather than require it to be amended by ordinance. This process saves time. Tom Kassmel, Town Engineer, reintroduced the project. Codifying the fee was requested by Town Council. For the past 17 years, the Town has been working with developers on agreements to pay the fee on development in limited zone districts (LMU-1 LMU-2, PA -1 June 6, 2017 - Page 196 of 311 PA -2), for only limited types of development. State law requires a rational nexus study, and requires the fees to be applied equally to all zone districts. The fee has been simplified to be based on number of new units, not based on square feet. The sales tax increase that would be required to collect the same amount of revenue would be 0.13%. Gillette: What is current sales tax? What is process to change the tax rate? Kassmel: Current Town of Vail sales tax rate is 4%. To change this would require a vote of the public. Stockmar: Asked about difference in the table on Page 7, which requires no fee for EHUs. This does not match table on page 9. Kassmel: Differences are based on the fee that would be required, if EHUs were required to pay a fee. Town Council decided to waive that fee. The waived fee can not be spread out and paid by other development types. Staff also researched basing the fee on parking. TishlerBise recommended against this fee basis. Parking rates are different in different zones, and single family developments would have to pay significantly more. Stockmar: The shape of Vail is odd. Other communities don't have the same transportation issues, based on the shape of our town. Kassmel: Fee is based on the Town of Vail, based on study by TishlerBise. He compared other communities' fees. Pitkin County is most similar to Vail. Fees are based on what revenue is needed to complete Vail's needed transportation projects. Gillette: He compared the proposed fees to those in Eagle County. We are shoving this fee down the throats of those that have not yet developed. We should be more comparable to Eagle County. Kassmel: If we allow no more development than we have today, there would be no need for these transportation projects. Gillette: What did The Lion pay, and what would be due under the proposed fee? Kassmel: The Lion valuation was $90 million, and paid total fees of $3 million. Actual traffic impact fee was $273,000. Proposed fee would be $45,000, based on number of new units. Solaris was $142 million project; total permit fees were about $2 million, plus employee housing fees. Solaris paid about $20,000 in traffic impact fee. New fee would be about $360,000. This is based on "net new" development. Lockman: Why the disparity between what was paid at Solaris, versus what would be due? Kassmel: Proposed fees are based on net new. The previously development at Solaris had a larger theater, many of the restaurant uses were reduced in size. Previous development at this location also had a grocery store. It's helpful to developer to have a fee schedule that is predictable. Discussed the fees paid at various other developments, including single family. Lockman: A prescriptive fee basis is easier for everyone to understand. June 6, 2017 - Page 197 of 311 Perez: Why is 12% of revenue shown coming from employee housing, but you propose to exempt employee housing? Why are we exempting employee housing? It still has an impact on transportation. This creates a larger burden on the developments. Kassmel: Town Council requested to subsidize employee housing. We have a difficult enough time getting employee housing built. Gillette: State law limits the types of project that can be exempt. Employee housing is one of them. Kassmel: These are the maximum fees. Council could cut the fees across the board. We could exempt certain fees, but then Town would have to come up with the revenue from another source. Rediker: Do these fees automatically increase each year? Neubecker: No. Staff will need to take this to Town Council each year as a resolution to change the fees. Perez: In the ordinance, it does not exempt remodels. Redevelopment implies a remodel. Want to ensure that residential remodels are exempt. Can we add a line to clarify this? Also, want to add language that states that the fee is set by resolution of the Town Council "on a rational basis". Also, clarify that no transportation impact fee shall be assed on a residential remodel. Also, concerned that the definitions of residential development, commercial development and project were removed from the ordinance. Kassmel: Those definitions are already in the code. Gillette: Fee is based on adding a dwelling unit. If it's not broken, don't fix it. This is a community wide problem, and should be spread -out over the entire community. $20 million over 25 years is nothing for this community, but it's a big impact on a developer. Stockmar: This is a regressive fee, paid only by a small number of people in the community. The answer is probably a sales tax. It would be fair, and paid by people including visitors. Hopkins: What are some of the projects this revenue will be used for? Stockmar: Can't be used for maintenance. Sales tax would not limit how we use the money. Kassmel: Money can only be used for infrastructure projects. Gillette: We don't need this fee. It has worked up until now. Some of the projects we have done are not necessary. Lionhead bus shelter on Frontage Road does not get used. This is money we don't need. Rediker: Why distinguish between inside and outside the core? Kassmel: Fee is based on the Transportation Master Plan. It's based on the amount of traffic generated by different types of uses. It considers multi -modal uses and trips. People June 6, 2017 - Page 198 of 311 in the core can walk to more shops and restaurants. Rediker: People from the core still drive to the grocery store. Kassmel: This is based on ITE trip rates. On average, people who stay in the core drive less. Perez: What about those that stay at the Ritz and ride the shuttle? They probably take more trips. Kassmel: This is based on averages. Based on what we see from a traffic generation standpoint. Public Comment — None Neubecker: If there is a motion for approval, please include any suggested change to the ordinance in your motion. Stockmar: Why was Town Council reticent to use a sales tax? Kassmel: Not sure if sales tax was discussed. This method of collecting fees is widely used. Perception is that new development causes the need for these projects. This method of revenue has been in discussions with Council for several years to codify this fee, and legally we should follow the recommendations of study. Gillette: Asked if we could just codify the fee as it is in place today. Asked how much revenue could be collected if we codified current fee in the zone districts where the fee exists today. The revenue proposed is not enough compared to the animosity this will create. If it's not broke, don't fix it. Kassmel: Depends on how much new development happens in those few districts that currently have the fee. Stockmar: Let's look at the rational relationship to the fee and impacts. Because of the geography and shape of the Town, a huge burden is placed on the transportation system from those living in East Vail. Would like to find more rational way to find the funding. Frustrated that state law does not allow revenue to be used for maintenance. Would like to look into this more thoroughly, or would support a sales tax which is more equitable. Gillette: If proposed legislation more mirrored the system we have in place, that should satisfy the town attorney. We have always found the money needed in the past. Don't burden the developer more that we already have. Kassmel: Suggested that the PEC could make a recommendation, with an alteration to the ordinance. For example, you could recommend exempting single family and duplexes, in addition to employee housing. Council would need to agree to subsidize these uses. Gillette: System is working now. Town looks great, staff does a great job. That's how know that it's working now. Kurz: I was previously involved in looking into this issue, in another role in this room. I'm June 6, 2017 - Page 199 of 311 not yet at a point to recommend approval. Perez: Not ready to go to Council; still lot of work to be done. Need to research inside fees inside core vs. outside core, and if it should apply to single family development. Lockman: Agree with proposal as -is. The due diligence has been done. This has already been worked to death. Council wants a fee, not a sales tax. As proposed, net new development pays for the impacts. Other Town revenue will be used for other projects. This will codify a fee that has been vague. Rediker: Agree with Lockman. We are ready to send this forward to Council. Burden on development is minimal compared to impacts of new growth. Not in favor of increasing sales tax. Colorado legislature has determined that this is a fair and equitable way to raise revenue. Perez: Not sure we should have different fees inside the code vs. outside the core. Why do we distinguish? Assumption is that people in the core take public transportation Neubecker: This is based on traffic studies by traffic engineers. In a walkable situation like Vail Village, people drive less. Study is based on national studies and averages. Kassmel: Study is based not on specific properties in Vail, but for example based on resort hotels in general, for example. Stockmar: Is there any community in county, similar to Vail in geography? That layout impacts trips and how the revenue is raised. Others have likely faced a similar situation. I'm on the fence, and need more information. Kassmel: We are OK with tabling. We want to get you the information you need. Lockman: How many undeveloped residential lots are in the core area? Kurz: My concerns have largely been answered. I will move forward to recommend approval. Perez: We have a motion on the table. Rediker — Voted against the motion (#2), because I do not believe the proposed ordinance needs to be revised. June 6, 2017 - Page 200 of 311 TOWN OF VAIL. Memorandum To: Planning and Environmental Commission From: Community Development Department Date: May 8, 2017 Subject: A request for a recommendation to the Vail Town Council for a prescribed regulations amendment pursuant to Section 12-3-7 Amendment, Vail Town Code, to amend Title 12 of the Vail Town Code to add a new Chapter 26, Transportation Impact Fee, and setting forth details in regard thereto. (PEC17- 0008) Applicant: Town of Vail, represented by Tom Kassmel Planner: Chris Neubecker I. SUMMARY The applicant, the Town of Vail, represented by Tom Kassmel, Town Engineer, is requesting a recommendation to the Vail Town Council for a prescribed regulations amendment pursuant to Section 12-3-7 Amendment, Vail Town Code, to amend Title 12 of the Vail Town Code to add a new Chapter 26, Transportation Impact Fee, and setting forth details in regard thereto. Based upon staff's review of the criteria outlined in Section V of this memorandum and the evidence and testimony presented, the Community Development Department recommends the Planning and Environmental Commission (PEC) forward a recommendation of approval to the Vail Town Council for the proposed prescribed regulations amendment. II. DESCRIPTION OF REQUEST The Vail Transportation Impact Fee is intended to ensure that applicants for new developments pay for the transportation related impacts caused by the development. In order to codify this fee, the Town Council has requested the adoption of a new chapter within Title 12 of the Vail Town Code. The Town of Vail has hired the consulting firm TischlerBise to develop an updated Transportation Impact Fee by providing a nexus study to show the connection between new development and the need for new transportation projects (Attachment A). The proposed regulation amendment is intended to codify the traffic mitigation fee, help fund June 6, 2017 - Page 201 of 311 future transportation related projects as identified in the Vail Transportation Master Plan, and allow new development to "pay its way". The 2009 Vail Transportation Master Plan Update recommends completion of a nexus study in order to determine the impacts of development on the Town's transportation infrastructure and recommends codifying the impact fee, including adjusting the fee based on the new transportation needs and cost information. Specifically, the Plan Update states: Complete the Nexus study in 2009 for a traffic impact fee to codify the current practice and adjust the fee if desired based on the new transportation need and cost information Over the past year there have been multiple discussions with the Town Council regarding the codification of a Transportation Impact Fee; the Town Council has directed staff to move forward with the codification process based on the most recent nexus study developed by TischlerBise. The Planning and Environmental Commission's role in the review of the Code language is to make a recommendation on the language that should be incorporated into the Town Code to allow for an implementable Transportation Impact Fee. The PEC may also make a recommendation of an alternate policy for financing the required transportation improvements, but the final determination will be made by Town Council. III. BACKGROUND A Transportation Impact Fee is a development fee assessed to offset costs that a jurisdiction will incur to improve transportation infrastructure as a result of increased traffic from proposed new developments. The Town of Vail has collected mitigating transportation fees for certain development zone districts (including Public Accommodation, Public Accommodation -2, Lionshead Mixed Use -1, and Lionshead Mixed Use -2) since 1999. The fee is not currently a codified amount, but an additional fee agreed upon by the Town and the developer for mitigation of vehicular trip impacts of a proposed development project. In 1999, the fee was set by Town Council to be $5,000 per net new PM peak hour vehicular trip added to Vail's road network. The fee was based on the improvements anticipated by: the Vail Transportation Master Plan; the total anticipated additional vehicular trips at that time; and the probable funding sources including Town of Vail capital funds, CDOT partnering funds, and development impact fees. In 2006, the fee was increased to $6,500 as a direct result of inflation in construction costs, and the fee has not increased since. In 2009 the Town adopted an updated Vail Transportation Master Plan, which included a more detailed and updated estimate of future projected transportation projects and costs. At the same time the Town engaged TischlerBise to develop a nexus study for traffic impact fees that was anticipated to be used to codify a traffic impact fee. The nexus study was completed in 2009, but the Transportation Impact Fee was not Town of Vail Page 2 June 6, 2017 - Page 202 of 311 adopted or codified by the Town Council. The Town Council at the time did not deem it appropriate to burden developers with additional fees during an economic downturn. The nexus study proposed to codify a Transportation Impact Fee based on proposed square footage and net unit increases of all development, not limiting it only to certain zone districts. This would include residential projects, and is typical of nationwide traffic impact fees. The 2009 nexus study identified $134 Million of potential transportation related projects (Traffic, Transit, and Parking), of which $22 Million was identified to be funded from the proposed traffic impact fee. Since the 2009 impact fee was not codified, the Town has continued to rely on development agreements and has not increased the mitigation fee of $6,500 per net new PM vehicular trip generated. The last large development impact fees agreed upon were for The Lion (Lionshead Inn) and the Marriott Residence Inn (The Roost) developments in 2010, and most recently, the Vail Valley Medical Center (VVMC) in 2015. Each used the 2006 fee of $6,500 per net new PM peak hour vehicular trip. The VVMC has agreed to pay any new Transportation Impact Fee adopted prior to the start of construction of the East Phase of the VVMC development, if adopted by the Town Council and uniformly applied town wide. With the resurgence in redevelopment, and the Town's outdated mitigation fee, Council has requested that the Town evaluate adopting an updated Transportation Impact Fee. This past March TischlerBise updated the Transportation Impact Fee Study and presented it to Council. The Town Council then requested formal codification of the Transportation Impact Fee, based on the nexus study and presentations. IV. APPLICABLE PLANNING DOCUMENTS Title 12 — Zoning Regulations, Vail Town Code Section 3-7 Amendment (in part) A. Prescription: The regulations prescribed in this title and the boundaries of the zone districts shown on the official zoning map may be amended, or repealed by the town council in accordance with the procedures prescribed in this chapter. 8. Initiation: 1. An amendment of the regulations of this title or a change in zone district boundaries may be initiated by the town council on its own motion, by the planning and environmental commission on its own motion, by petition of any resident or property owner in the town, or by the administrator. 2. A petition for amendment of the regulations or a change in zone district boundaries shall be filed on a form to be prescribed by the administrator. The petition shall include a summary of the proposed revision of the regulations, or a complete description of proposed changes in zone district boundaries and a map indicating the existing and proposed zone district boundaries. If the petition is for a change in zone district boundaries, the petition shall include a list of the owners of all properties within the boundaries of the area to be rezoned or changed, and Town of Vail Page 3 June 6, 2017 - Page 203 of 311 the property adjacent thereto. The owners' list shall include the names of all owners, their mailing and street addresses, and the legal description of the property owned by each. Accompanying the list shall be stamped, addressed envelopes to each owner to be used for the mailing of the notice of hearing. The petition also shall include such additional information as prescribed by the administrator. V. CRITERIA FOR REVIEW Section 12-3-7 C2 of the Zoning Regulations identifies the factors that the Planning and Environmental Commission must consider before making a recommendation for a change to the text of the code. These factors include the following: 2. Prescribed Regulations Amendment: a. Factors, Enumerated: Before acting on an application for an amendment to the regulations prescribed in this title, the planning and environmental commission and town council shall consider the following factors with respect to the requested text amendment: (1) The extent to which the text amendment furthers the general and specific purposes of the zoning regulations; and The general purposes of the Zoning Regulations are to promote the health, safety, morals, and general welfare of the town, and to promote the coordinated and harmonious development of the town in a manner that will conserve and enhance its natural environment and its established character as a resort and residential community of high quality. The proposed Transportation Impact Fee will be used to advance the harmonious development of the town through transportation infrastructure projects that improve safety and facilitate movement of vehicles and pedestrians throughout the town, and help to ensure that the established character of the town remains that of a resort and residential community of high quality. Some of the specific purposes of the Zoning Regulations are to "provide for adequate light, air, sanitation, drainage, and public facilities" and to "promote safe and efficient pedestrian and vehicular traffic circulation and to lessen congestion in the streets." The transportation projects financed with this impact fee will help advance each of these purposes. (2) The extent to which the text amendment would better implement and better achieve the applicable elements of the adopted goals, objectives, and policies outlined in the Vail comprehensive plan and is compatible with the development objectives of the town; and The Vail Comprehensive Plan is a series of master plans and documents, including the 2009 Vail Transportation Master Plan Update. The Master Plan Update specifically mentions the updating of this impact fee as one of the next steps in the Plan: "Complete Town of Vail Page 4 June 6, 2017 - Page 204 of 311 the Nexus study in 2009 for a traffic impact fee to codify the current practice and adjust the fee if desired based on the new transportation need and cost information." The proposed text amendment would better implement and better achieve the applicable elements of the adopted goals, objectives, and policies outlined in the Vail comprehensive plan by ensuring fairness and consistency in the development review process. Codifying the impact fee will also ensure that the Town's regulatory and land use documents are updated and current, and provide ease of compliance and enforcement. (3) The extent to which the text amendment demonstrates how conditions have substantially changed since the adoption of the subject regulation and how the existing regulation is no longer appropriate or is inapplicable; and This is not a new impact fee, but it is a codification and update to an existing fee. Since the adoption of the original fee, the Town completed a nexus study to show the relationship between development projects and the need for new transportation projects. The study identifies an update to the fee as the appropriate manner to finance the costs of new transportation infrastructure projects. The existing regulation is no longer appropriate because of the cost of constructing new transportation infrastructure projects, and because the nexus study has provided an update to the impacts generated by new development. (4) The extent to which the text amendment provides a harmonious, convenient, workable relationship among land use regulations consistent with municipal development objectives; and The text amendment provides a harmonious, convenient and workable relationship among land uses by requiring the costs of new transportation projects to be paid by the new development that is causing the need for these projects. This is consistent with municipal development objectives by having new development pay for its fair share for the impacts it causes. (5) Such other factors and criteria the planning and environmental commission and/or council deem applicable to the proposed text amendment. b. Necessary Findings: Before recommending and/or granting an approval of an application for a text amendment the planning and environmental commission and the town council shall make the following findings with respect to the requested amendment: (1) That the amendment is consistent with the applicable elements of the adopted goals, objectives and policies outlined in the Vail comprehensive plan and is compatible with the development objectives of the town; and (2) That the amendment furthers the general and specific purposes of the zoning regulations; and Town of Vail Page 5 June 6, 2017 - Page 205 of 311 (3) That the amendment promotes the health, safety, morals, and general welfare of the town and promotes the coordinated and harmonious development of the town in a manner that conserves and enhances its natural environment and its established character as a resort and residential community of the highest quality. VI. VAIL CAPITAL PROJECTS As a part of the 2009 Vail Transportation Master Plan and the 2009 Traffic Impact Fee Nexus Study, the Town identified a list of anticipated transportation capital projects that would accommodate projected growth. The project list and projected development growth has been recently updated, and now includes pedestrian and transit oriented projects. The preliminary total 2016 estimated cost of these multimodal projects is approximately $95M over the next 25 years. The cost of these improvements (Attachment C) is anticipated to be partially paid through the impact fee from the development of approximately 2,000 new residential units and approximately 500,000 square feet of new commercial development that is projected for the future of Vail. The project list has broken down the associated fiscal responsibilities, and split them between project specific costs, Transportation Impact Fee costs, and Town of Vail costs or other revenue sources. In order to implement a Transportation Impact Fee, the anticipated transportation projects have been split into two categories, Project level and System level improvements. Project level improvements are directly related to an individual development and its required access. These types of Project level improvements are generally paid for by the individual developer. System level improvements enhance the carrying capacity of the transportation network system -wide and benefit multiple developments. System level improvements directly benefit new development and may also benefit existing users. The Vail Transportation Master Plan Project List includes both Project level and System level improvements. Of the total $95M of total project costs, approximately $20M is considered Project level, and approximately $75M is considered System level. The majority, 72%, or $54M, of the $75M of total System Level project costs will need to be funded by the Town of Vail or other revenue resources; while 28%, or $21 M, should be funded by the Transportation Impact Fee. The anticipated Project Level costs would be paid 100% by the specific project developments, approximately $20M. VII. DRAFT TRANSPORTATION IMPACT FEE STUDY TischlerBise has provided an updated nexus study, The Vail Transportation Impact Fee Study (March 10, 2017), and draft fee schedule for the Town's review. The draft fee schedule is based on anticipated future development, the current estimated cost of the capital projects to accommodate future development, and the appropriate proportioned fiscal responsibility. Since completion of the nexus study, it has been discussed that removing the square footage relationship within the detached unit, single family homes, Town of Vail Page 6 June 6, 2017 - Page 206 of 311 would be beneficial to the implementation of the fee. The proposed revised draft fee schedule is below. Transportation Impact Fee Schedule Maximum Supportable Transportation Impact Fees Residential Dwellings (per Unit) Dwelling, Two Family or Multiple Family (In the Core Area) $ 5,960.00 Dwelling, Two Family or Multiple Family (Outside the Core Area) $ 7,450.00 Dwelling, Single Family $ 9,686.00 Employee Housing Unit $0 Accommodation Unit (per Unit) Accommodation Unit (In Core Area) $ 5,960.00 Accommodation Unit (Outside Core Area) $ 7,450.00 Commercial (per square foot of floor area) Restaurant & Retail Establishments $ 13.90 Facilities Health Care $ 9.93 Office & Other Services $ 6.20 Core Area is defined as per Figure 1 in the Vail Transportation Impact Fee Study (Attachment D) The categories within the Transportation Impact Fee Schedule are further defined below and within Title 12-2-2. Any uses or development types not specifically defined below or within Title 12-2-2 shall be interpreted by the Administrator in accordance with the Vail Transportation Impact Fee Study. Dwelling, Two Family or Multiple Family includes; Dwelling, Two Family Dwelling, Multiple Family Fractional Fee Club Unit Accommodation Unit includes; Accommodation Unit Accommodation Unit, Attached Lodge Dwelling Unit Lodge Unit, Limited Service Timeshare Unit Restaurant and Retail includes; Eating and drinking establishments Retail stores and establishments Theaters Office & Other Services includes; Professional offices, business offices and studios Town of Vail Page 7 June 6, 2017 - Page 207 of 311 Banks and financial institutions Personal services and repair shops Child Daycare Center Health Clubs / Spa Commercial Ski Storage/Ski Club Religious Institutions For comparison, the following cities and counties have adopted impact fees shown within the table below. The closest relating community to Vail is Pitkin County which last had its Road Impact Fee updated in 2013. Transportation Impact Fee Comparison Per Housing Unit Single Family Multifamily Per 1,000 Sq Ft Retail Office National Average (1) $3,228 $2,202 $5,685 $3,430 Durango (1) Ft. Collins 2016 Draft (2) Vail current* Incorporated Areas in Colorado $2,169 $1,298 $3,810 $2,823 $6,217 $4,095 $8,113 $5,977 $0 $2,366 $10,569 $9,685 Proposed in Core Area of Vail (2) Proposed Outside Core Area (2) not applicable $9,686 $5,960 $7,450 $13,900 $13,900 $6,200 $6,200 Counties in Colorado Eagle Co. (1) Jefferson Co. (1) Larimer Co. (2) Pitkin Co. (2) Weld Co. (2) $4,378 $3,034 $9,026 $5,164 $3,276 $2,725 $7,120 $4,790 $3,418 $8,812 $4,726 $9,339 $5,115 $10,910 $5,130 $2,377 $3,296 $2,174 Sources: (1) National Impact Fee Survey by Duncan Associations (2012). Single Family assumes 2,000 square feet. Nonresidential fees per thousand square feet assume a building with 100,000 square feet of floor area. (2) TischlerBise. Single Family in Vail and Pitkin County assumes 4,000 square feet. * Current fees in Vail are based on the net increase in PM Peak Hour vehicle trip ends generated by the entire development, with mitigation limited to certain areas and If the proposed Vail Transportation Impact Fee is adopted, the following is a projection of the amount of funding that would be generated by each development type: Town of Vail Page 8 June 6, 2017 - Page 208 of 311 Development Type Additional Development Units Fee per Development Unit $5,960 $7,450 $5,960 $7,450 $9,686 $5,960 $7,450 $13,900 $9,930 $6,200 Projected Revenue $4,202,000 $4,127,000 $244,000 $2,310,000 $1,162,000 $1,609,000 $760,000 $4,448,000 $1,390,000 $546,000 Percent of Impact Fees 20% 20% 1% 11% 6% 8% 4% 21% 7% 3% Attached Housing Units in Core Area 705 Attached Housing Units Outside Core 554 Employee Housing Units in Core Area 41 Employee Housing Units Outside Core 310 Detached Housing Units 120 Hotel Rooms in Core Area 270 Hotel Rooms Outside Core 102 Commercial KSF 320 Hospital KSF 140 Office & Other Services KSF 88 Total => $20,798,000 VIII. DISCUSSION ITEMS 100% Based on discussions at the previous Planning and Environmental Commission meeting, staff provides the following additional information. Sales Tax Equivalent The PEC requested staff to provide the equivalent sales tax increase that would generate the necessary funding in lieu of the Transportation Impact Fee. Based on 2016 sales tax collection, it would take an additional 0.13% of sales tax to equate to -$21 Million over the next 25 years. This does not take into account the growth of a sales tax base over the next 25 years, nor does it take into account the escalation of the cost of construction and the relating increases in the Transportation Impact Fee. Speculating each of these would not be prudent at this time; we assume at this point that each of the escalations may cancel each other out over time. Any sales tax increase would require a vote of the community. At this time the Town Council has directed Town Staff to implement a Transportation Impact Fee and not an increase in sales tax. Fee based on Parking Space Requirements Staff has consulted with TischlerBise on how parking relates to development within the Vail Town Code. Both staff and TischlerBise recommend against relating the fee to parking for the following reasons: • Parking requirement for communities reflect not only anticipated parking demand, but also incentives to encourage certain types of development or land uses. For example, in parts of Vail Village and Lionshead, there is no parking requirement for commercial uses. Not all land uses have a parking requirement. • Parking requirements are based on the minimum number of parking spaces. Some developments will include more parking than is required by code. Town of Vail Page 9 June 6, 2017 - Page 209 of 311 • A larger burden might be put on single family dwellings as their number of parking spaces would range from 2 to 5, whereas multiple unit developments and hotels range from 0.4 to 2.5 spaces per unit. IX. RECOMMENDED IMPLEMENTATION OF PLAN Staff has had multiple discussions with Town Council with regards to the Vail Transportation Impact Fee Study and recommends the following implementation for the administration of this fee. These recommendations have been incorporated within the Code amendments attached: • Modify the Transportation Impact Fee Rate Schedule, as shown above, to exclude the incremental detached single family square footage rate, and replace with a single fee rate for all new homes based on number of units. Therefore, the impact fee would apply only to new construction on vacant residential lots or on lots that demolish a single family home and build back with a duplex (or otherwise increase the number of units on a property). The fee would be $9,686 per new detached housing unit. • Upon codification of the fee, Town staff will administer the fee in accordance with the terms and conditions as provided for in the amended Town Code, 12- 26. • The fee shall apply to all development and redevelopment except Employee Housing Units (EHUs). • The fee rate schedule will be adopted by Resolution and will be updated on a yearly basis as needed, based on updated costs estimates of the identified capital projects. • Project level improvements shall not be eligible for credits towards the impact fee, however if a developer constructs a system improvement on the capital improvement list, a credit and/or reimbursement may be provided to the developer for the amount of construction, up to the amount shown within the capital improvement project list. X. VAIL FEE ANALYSIS In order to better understand the true cost of development within Vail, and identify all of the fees and other costs the Town requires, staff has completed an analysis of a variety of project types. The analysis shows that, in general, the town imposes fees and other taxes that equate to approximately 3% of the value of the total construction valuation of a project. One exception shown is for the Solaris project, which paid approximately 7% of the total project valuation; the large discrepancy for this particular project is generated by the large Housing Fee -In -Lieu payment. The Transportation Impact Fee will generally increase the cost of development by 0% to 0.9%. Town of Vail Page 10 June 6, 2017 - Page 210 of 311 XI. STAFF RECOMMENDATION Based upon the analysis of the review criteria contained in Section V of this memorandum and on the evidence and testimony presented, the Community Development Department recommends that the Planning and Environmental Commission make a recommendation to the Town Council to approve the proposed prescribed regulations amendment to Title 12, Chapter 26, Transportation Impact Fees, of the Town Code. If the Planning and Environmental Commission chooses to recommend approval of the proposed prescribed regulations amendments, the Community Development Department recommends the following motion: "The Planning and Environmental Commission forwards a recommendation of approval to the Vail Town Council for a prescribed regulations amendment to the Vail Town Code, Title 12, by the adoption of a new Chapter 26, Transportation Impact Fees." Before recommending approval of an application for a text amendment, the Planning and Environmental Commission shall make the following findings with respect to the requested amendment: (1) That the amendment is consistent with the applicable elements of the adopted goals, objectives and policies outlined in the Vail comprehensive plan and is compatible with the development objectives of the town; and (2) That the amendment furthers the general and specific purposes of the zoning regulations; and (3) That the amendment promotes the health, safety, morals, and general welfare of the town and promotes the coordinated and harmonious development of the town in a manner that conserves and enhances its natural environment and its established character as a resort and residential community of the highest quality. VI. ATTACHMENTS Attachment A - Vail Transportation Impact Fee Study, March 10, 2017 Attachment B - Draft Ordinance Attachment C - Development Fee Analysis Attachment D — Core Area Map Town of Vail Page 11 June 6, 2017 - Page 211 of 311 Tom Kassmel From: Dominic Mauriello <dominic@mpgvail.com> Sent: Wednesday, March 15, 2017 11:41 AM To: Tom Kassmel Cc: Matt Mire; George Ruther; Allison Kent; Greg Hall Subject: Traffic Impact fees Hi Tom: I will not be able to attend your open house on traffic impact fees today. I have a cold I am dealing with and don't want to infect the world. Here are some questions and comments that I think the Town should consider when deciding to adopt a new fee targeted to the last 5% of growth in Vail. • Consider charging for parking in the summer and use the funds generated for these roadway improvements. There is a nexus in that those parking in Vail are impacting the entire roadway network. This would avoid imposing an additional fee on development that Vail needs and wants. • There is a disconnect between the adoption of a traffic impact fee and the Town's other stated goals and incentives built into the Zoning Regulations. The Town wants additional employee housing and has an aggressive requirement already placed on development. Adding an impact fee on employee housing only exacerbates the problem and the ability to bring forward employee housing. The Town has incentivized the development of employee housing by not counting the GRFA and Density for this use in most zone districts. Employee housing units, in all of its forms, should be exempt from the impact fee. • On this same disconnect, the Town has incentivized the development of hotel rooms/accommodation units by not counting hotel rooms against density. Additionally, every adopted master planning document discusses the importance of hotel rooms to the Town's vitality and especially the generation of revenues. Every hotel room created generates significant ongoing revenues to the Town, beyond that of just about any other use, including dwelling units. However, the proposed impact fees are the same as applied to a dwelling unit. This is a disincentive to creating hotel rooms within the Town. Another element that is also missing is the amount of hotel traffic that relies on the Town's bus system, hotel shuttles, and CME shuttles. It appears from the numbers that there is not enough credit being given to the reduction in traffic within hotel facilities versus dwelling units. Hotel rooms/accommodation units should be exempted from the Impact Fee. • The Town has struggled for years with the loss of office space throughout the Town. Charging an impact fee on office or other commercial spaces, will further exacerbate this issue. It already does not make any financial sense to develop office space in the Town. This impact fee will had to that equation in a very negative way. Office space should also be exempt from the fee. I believe there is a fundamental problem with adopting a traffic impact fee at this point in Vail's history. The fee makes it more difficult to attract and construct the kind of development projects the Town desires. The redevelopment of Lionshead is a great example of creating incentives to produce the type of development that will spin off huge revenues to the Town, way more revenues over the long haul than these upfront impact fees generate. 1 June 6, 2017 - Page 212 of 311 Does the Town have the right and the basis for adopting an impact fee? Of course it does. Is it the right thing to do or in the best interest of the Town's long term revenue goals? Absolutely not. If the Town is short on cash related to road projects, think about: charging for summer parking; going to the voters to change how RETT funds can be used; and adopt a new property or sales tax dedicated road improvements. Thank you for the opportunity to offer my thoughts. Dominic F. Mauriello, AICP Mauriello Planning Group, LLC PO Box 4777 2205 Eagle Ranch Road Eagle, Colorado 81631 970-376-3318 cell www.mpgvail.com 2 June 6, 2017 - Page 213 of 311 Tom Kassmel From: Tom Ruemmler <TRuemmler@hotmail.com> Sent: Wednesday, May 24, 2017 5:45 PM To: Tom Kassmel Subject: Re: Transportation Impact Fee Update I want to make sure you have my comments on "impact" fees or any other fees on new construction accurately provided to the Town Council. Impact fees are spreading across American like a wildfire. They will destroy American because they make housing more non -affordable for all. Builders will add a significant profit on top of the fee because these fees are expenses out of their pockets before they start construction and because of time cost of money. When new home prices rise 98 existing home values also rise. To collect significant revenue from roughly less than 1% of the population, the fee has to be very large. By over taxing new construction, (the new construction purchaser) 98 owners of existing homes get a tax free income equal to about 130% of the fee charged. This is because existing home owners can borrow against the increase value of their home that results from all new costs added to new construction. A better alternative is to spread taxes of more people. This will make the tax per person significantly smaller (over 100 times less per person) and thus the tax is palatable. There is only a traffic problem in Vail when lots of tourists are in town. Shouldn't tourist be the ones that should pay for the infrastructure? Vail has a affordable housing problem. Why make matters worst by placing more costs on new construction. Eliminating all fee that have been placed on new construction should be a major focus of all Town Councils. I have personally witnessed a city of 200,000 go into bankruptcy as a result of fees placed on new construction. Employers have to pay significantly higher wages if the costs of housing is high. I problem the Vail Valley has is low wages. A Aspen ski instructor makes over twice a Vail instructors rate of pay. Existing home owners believe they benefit from the increase values of their homes that result from fees on new construction. The benefit they receive quickly evaporates when they need to loan each of their children between $100,000 to $200,000 so they can qualify to purchase their first home. 1 June 6,2017- Page 214 of 311 Staff has been briefed on the unforeseen consequences of fees on new construction. I can't believe staff would consider approaching the Town Council with any proposal to fund anything, including infrastructure, which is mainly needed for peak tourist load, with fees on new construction. During meetings held by Vail Valley Partners each contractor or developer that spoke on the panels explained the number one problem is fees on new construction. Impact fees on new construction was one of the major route causes of the Housing and Financial crisis. Tom Ruemmler 719 293-0655 From: Tom Kassmel <TKassmel@vailgov.com> Sent: Wednesday, May 24, 2017 12:25 PM To: Tom Kassmel Subject: Transportation Impact Fee Update All The Transportation Impact Fee Study and Ordinance will be presented to the Town Council on June 6th (First reading). Since Council's last review of the Study and the March public meeting some minor changes will be recommended to the Fee Schedule. Attached is the updated Transportation Impact Fee Study for convenience, with the fee schedule shown on page 15. Also, comments received to date will be submitted to the Town Council for review along with a staff memo. The comments and staff memo will be available on-line on the Town Council Meeting Agenda page by June 2nd http://www.vailgov. com/government/town-council/council-agendas-meeting-materials/online-agendas Town of Vail > GOVERNMENT > TOWN COUNCIL > Council Agendas ... www.vailgov.com TOWN COUNCIL. Council Members; Council Agendas & Meeting Materials; Council Minutes; Council Highlights; Council Meetings Online; Community Participation 2 June 6,2017- Page 215 of 311 If you would like to be removed from this email list please reply to this email. Thank you. Tom Kassmel Town Engineer Public Works Department TOWN Of VAIL 970.479.2235 vailgov.com twitter.com/vailgov 3 June 6, 2017 - Page 216 of 311 Why is the U.S. in this economic crisis? A major ROOT cause of this declining economy is over -taxation and over regulation of new construction by government which escalated home prices to unaffordable levels. Below is a detailed explanation of the unforeseen detrimental ramifications of huge fees & regulations on new construction, what happened to the economy and logical low cost solutions which could greatly accelerate economic recovery in the U.S. AN EXAMPLE OF OVER TAXATION & REGULATION FOR STOCKTON, CALIFORNIA Stockton is one of California's "affordable housing cities" and the epicenter of the housing crisis. Stockton's building permit fees increased about 300% between 2002 and 2010 and totaled about $65,000 in 2010 for a 2000 sq. ft. home. There is another $60,000 of additional costs associated with well- intentioned, but not thought -through regulatory requirements. Governmental induced costs exacerbated inflation. In 2002, a new 2000 sq. ft. home in Stockton cost $255,000; in 2006 it cost $440,000 (of which approximately $140,000 is from over -the -top regulatory fees). Fees and regulations resulted in housing becoming unaffordable under the "old sound" borrowing requirements. Unfortunately government and private lenders responded to the unaffordability of homes by lowering borrowing requirements so people could buy homes to fulfill "the American Dream". Lower borrowing requirements resulted in many bad loans. LENDING BLUNDER Soaring new home prices drove up existing home values by approximately $140,000. All housing became less affordable, especially to first time home buyers. Because federal government encourages the American dream of home ownership, borrowing requirements were reduced. There is a belief that better communities are achieved with pride of ownership. This results in reduced expense for police services. Borrowing standards were greatly reduced and home ownership increased from 67% to 69%; yes, only a difference of 2%! Subprime loans, which were in existence for many years, started being used more frequently. Borrowing qualifications and requirements on subprime loans were substantially reduced. In order to get under qualified clients to qualify, some loan officers committed fraud and then collected their commissions. CALIFORNIA LEAD THE U.S. INTO THE NATIONAL FINANCIAL CRISIS 25% of all bad home loans are from California. The bad loans were bundled with other loans to form loan packages sold by Wall Street. Some loans in the packages went bad. Bad loan packages resulted in the potential collapse of financial institutions and AIG who insured the packages! GOVERNMENT TREATED THE SYMPTOMS AND NOT THE CAUSE The U.S. Government attempted to stop a financial collapse by bailing out AIG, Fannie Mae, Freddie Mac and banks. Government tried to stimulate the housing economy with the $8,000 home purchase tax credit. The government bailouts benefit a few people, but they are costly for all taxpayers and merely treat the symptoms and did not fix the ROOT cause of the financial and housing crisis. Local and state government's over taxation and regulation resulted in 35% of the cost of a new home's construction. This is what made housing unaffordable in the first place. Passing federal legislation to limit fees and regulations to no more than 3% of the costs of a new home would eliminate the ROOT cause. This legislation will not add to federal costs, is easy to enact and administer - and benefits society and all states equally. June 6, 2017 - Page 217 of 311 When new homes become affordable, jobs will be created resulting in stimulating the economy. Affordable housing will result in a sustainable housing economy and lead the U.S. out of the financial crisis. Warren Buffet stated the economy will improve when residential construction improves! Both political parties should be able to wrap their arms around legislation that limits fees and regulation to 3% of the cost of a new home. This legislation will stimulate jobs. The proposed federal legislation will force state and local governments to use tax dollars more effectively. It will force them to find alternative revenue sources that spread taxes more evenly across society. Spreading taxes evenly results in a larger number of people paying taxes and lowers taxes for each individual. Lower taxes are more palatable. Hopefully politicians that do not back this logical solution for the housing and financial crisis will be voted out of office. Details of the solution are explained below. SOLUTIONS ARE EASILY IDENTIFIED IF YOU SOLVE THE PROBLEM BACKWARDS WHAT CAN THE AVERAGE PERSON COMFORTABLY AFFORD TO BUY? In order to have a sustainable economy, an average household income must be able to comfortably afford a house using the old lending standards and a 7.5% interest rate. The mean household income in Stockton California is about $52,000. This income allows them to comfortably own a $150,000 home with 20% down. They would have a $120,000 fixed rate loan and would be paying 24% of their income for their principle, interest, taxes and insurance — their PITI payment. WHAT A NEW HOME NEEDS TO SELL FOR: LESS THAN $176,000 A new home can sell for $176,000 if it can demand a 15% premium over an existing home. A contractor can NOT build a $176,000 home if it costs $50,000 to $140,000 for permits and regulations. In other states, fees and regulations are under $4,000 and contactors can and do build the average house for under $176,000 Fees in California need to be under $4,000 to compete with other states and to achieve a sustainable economy. Lodi and Lathrop fees are significantly less than Stockton fees. THE RESULTS OF OVER TAXATION AND REGULATION INCLUDE THE FOLLOWING: "LEVERAGE EFFECT" THE HUGE UNFORSEEN DETRIMENTAL EFFECT Governmental officials did not foresee the leverage effect of placing $125,000 of fees and regulations on new homes. A 15% profit on the additional $125,000 of costs, increased new home prices by $144,000. There are at least 90 existing homes for every new home built. For every 1,000 homes built, there are 90,000 existing homes. These existing homes increased about 13 billion dollars in value. Many existing homeowners used their homes like piggy banks by tapping into the increase home value. In addition, many people used subprime loans to refinance. Records reveal the majority of subprime loans were refinances. Many borrowers defaulted and walked from their loans after they "sold" their house to the lending institution. Foreclosures devastated the value of neighboring homes. Over 13 billion dollars of additional buying power (demand) was created in Stockton and resulted in the unintended consequence of inflation, escalating housing prices even higher during boom times. Stockton has over 99,000 homes! TAXES AND FEES ARE PALATBLE IF SPREAD ACROSS SOCIETY If there are approximately 96 existing homes for every new home built (a 1.3% expansion rate). A better approach would be taxing all homeowners $688. This would collect the same amount of dollars as taxing the new home buyer $66,000 in fees. Since many of the regulations do more harm than good, the June 6, 2017 - Page 218 of 311 government would only need to collect about $300 in additional taxes on all houses (existing and new) to cover worthwhile expenses. Three hundred dollars is palatable; $66,000 is not. Sixty six Thousand dollars ($66,000) greatly alters the free market system that the United States economy is based upon. History has shown that government decisions can greatly affect a free market economy. WHY WERE FEES PLACED ON CONSTRUCTION IN CALIFORNIA? Fees escalated under the incorrect assumption that California's Prop 13 (which limited property tax increases to 2% per year) reduced government's income. Government used Nexus reports to justify fees on new construction. The 2010-2011 Stockton Nexus report, states "Since the passage of Proposition 13, property tax revenues have been insufficient for capital funding..." "...Given these funding difficulties, the City requires new development to pay fees to fund the facilities necessary to accommodate growth." ANALYSIS REVEAL PROP 13 WAS NOT THE PROBLEM If the property taxes collected in San Diego County in 2010 are divided by the property taxes collected in 1977 (the year before Prop 13), it is discovered that $7.20 is collected now for every dollar collected back in 1977. Adjusting the dollar by 85% population growth and by 260% inflation reveals that we should be only collecting $4.80. Instead we are collecting $7.20 — this is 1.5 times what we need to collect. The foregoing figures should be further adjusted because worker productivity increases should result in fewer tax dollars needed. A mere 1% productivity increase per year reveals that we only need to collect $3.60. However, government is collecting $7.20 in property taxes, plus government is collecting exorbitant impact fees. California ranks 14 in the nation for property taxes! California has one of the highest sales and income taxes, plus it collects impact fees on new construction! WHERE DID THE MONEY GO? In the 1970's, governmental employees wages were lower than the private sector but they had good guaranteed retirement and benefit programs. Currently I would highly recommend employment in the governmental sector (especially the local government sector) because of the generous wage and benefit packages as opposed to the private sector. Is the Stockton following in Greece's foot steps? REGULATIONS — WELL INTENTIONED BUT NOT THOUGHT THROUGH An example of "focused thinking" and not considering the unforeseen consequences of regulations is reflected in the attached pictures of a rainwater treatment tank that is installed in a subdivision of 303 homes on 77 acres in Stockton, California. The cost of this tank was about 2 million dollars. The rainwater treatment tank which is made from lots of steel and concrete is about 400 feet long, 16 feet wide, 8 feet tall and is buried about 20 feet underground. The tank caused more environmental harm than good. Rainwater tanks have the potential to be huge methane bombs as organic materials, such as leaves, decay. Other flammables such as solvents, diesel fuel, oil and leaks from natural gas lines, can accumulate in the tank. The tanks are breeding ponds for the mosquitoes carrying the West Nile Virus. Other significant negative environmental effects of these tanks include the air pollution created; from hydrocarbons burned to dig the hole, install the tank, fuel burnt when the sediment that collects in the tank is hauled off and from the methane gas produced by decaying matter in the tank. Air pollution is also created from the production of the steel, concrete, and materials used for tank construction and transportation of those materials to the job site. Other detrimental effects include $50,000 in extra annual taxes collected from the 303 homeowners to maintain the tank. Additional taxes need to be collected to poison the water for mosquito prevention. After 6 years the tank trapped four dump truck loads of sediment which was removed, dried and later placed in a landfill. Over $300,000 in taxes was collected for 4 dump truck loads of dirt! June 6, 2017 - Page 219 of 311 If future development projects in the United States are required to have rain water treatment facilities. Over the next 100 years, billions of dollars will be spent and less than 1/100 of a percent of the rainwater runoff will be treated. The decontamination of the rainwater runoff will be negligible for the billions of dollars that will be spent. There are less expensive alternatives which can help the environment. The initial cost of the rain water tank, ongoing taxes and environmental harm is just one example of "not thought through" government regulations that add to building costs. There are numerous other regulations that are not needed and counterproductive. If drastic changes don't occur to eliminate unnecessary regulations and dramatically reduce building permit fees and red tape, the future of the American economy will be affected for many many years. There are many more "not thought through" government initiated programs that are mainly paid for by new construction. Examples are buying up developmental rights to leave land undeveloped and other regulations to protect the environment. These programs benefit everyone, but instead of spreading the cost over society and thus reducing the tax to a palatable figure, government placed the cost on one entity, the new home buyer. The cost of a mitigation measure that benefits all is not a fee. It is a tax because it benefits all. It is an illegally enacted tax. These taxes should not be added to new construction because it makes housing more unaffordable and adds to the ROOT cause of the housing crisis. Government seems oblivious or unsympathetic to the fact that these costs accumulate and eventually overwhelm the new home buyer. Government did not understand that new construction pays its fair share. There are sales taxes on materials. Construction wages paid result in sales taxes when their families shop. A $300,000 home generates in excess of $13,000 in extra sales tax and another $330 from a .11% transfer tax. Some cities impose transfer taxes that exceeded 1%. In perspective, the $13,000 in extra taxes generated by a $300,000 home may be more than the state and federal taxes paid by individuals who purchase the new homes. TAXES ON PROPERTY ARE DETRIMENTAL Sales taxes and income taxes have a direct relationship to a person's ability to pay. Taxing property is a very poor choice because property taxes do not have a relationship to a person's ability to pay and greatly distress and burden the young, old (retired) and average income earner. Certain things are needed to survive on earth. Government made them more affordable to all, by not taxing Food, Water or Air. Why did government choose to tax Shelter? This was a mistake! Construction is a major economic engine, creating jobs and significantly decreases unemployment costs. Government should stimulate, not overtax, this sector of the economy. A conflict of interest exists for lobbyists, environmentalists, government employees and the elected officials who voted to place huge costs on new construction. Community development departments increased in size and their budgets swelled during flush times. Because more money was available for government employee wages, benefits, and retirement programs, unions bargained for higher wages. An even greater conflict of interest was their homes increasing $115,000 in value for every $100,000 of fees and regulations. (The extra $15,000 represents the builder's profit on the $100,000 in extra costs). Existing homeowners falsely believed they greatly benefited from the rising value of their home. Most homeowners did not realize the rapid price increases were in a large part due to fees and regulations. They borrowed against their increased equity and bought rental homes to get in on the rapid price increases. This led to the frenzied spiral of over -inflated home prices. However, even without the recession, the huge increase in equity in the existing homes evaporated when home owners had to lend their children money so their children could qualify and buy the higher priced homes. June 6, 2017 - Page 220 of 311 SOLUTIONS 1. The key to a rejuvenated economy is addressing a major ROOT cause of the recession. One solution could be utilizing interstate commerce laws and passing federal legislation limiting total building permit fees and auxiliary costs to no more than 3 percent of construction costs. Passing such legislation will cost the federal government little, unlike the other bailouts the federal government has already authorized, such as the one time new homeowner's tax credit of $8,000 as previously discussed. That $8,000 tax credit benefited a select few at the cost of everyone. Passing legislation, as suggested, would help more people afford homes, be easier to administer, and greatly reduce the discrepancies in permit costs between cities, counties and states. 2. Another part of the solution is to pass legislation requiring studies of the unintended consequences of the mitigation measures recommended in the initial environmental impact reports, and that the proposed mitigation measures be required to: A) be reasonable; B) be the most cost effective solutions C) access their economic impact, D) have a positive economic impact E) be paid for by all (all who benefit). Environmentalists do not want to do more harm to the environment and should not be opposed to the legislation suggested. Government use to pay for infrastructure while collecting a lower sales and income tax More effective use of tax dollars is needed. California already collects some of the highest income, sales and property taxes in the United States. Additional taxes on new construction are not needed and should not be relied on because they have huge detrimental leverage effect and other effects that are the ROOT cause of the economic crisis. The majority of tax dollars is spent on education. Schools have a terrible business plan. The United States spends more than other nations on education but we test near the bottom. Since 1971 educational spending per student has doubled (after adjusting for inflation) yet test scores have remained the same. We could easily cut education expenses in half and also raise test scores. I encourage you to go to Khanacademy.org which is a free educational web site backed by the Melinda and Bill Gates foundation. I suggest you and all parents view the 60 Minute episode on Khan academy www.cbsnews.com/video/watch/?id=7401696n and the video at the Khanacademy.org web site that describes why this education technique is successful. http://www.khanacademy.org/video/salman-khan- talk-at-ted-2011--from-ted-com?playlist=Khan+Academy-Related+Talks+and+Interviews. Another interesting TED TALK video by Professor Robinson about education is http://www.ted.com/talks/ken_robinson says schools kill creativity.html Los Altos School District has had great success using Khanacademy.org. If half of the dollars spent on education (or prisons) could be used for paying off the national debt and doing comprehensive reevaluations of all existing governmental programs, we could get out of this financial crisis. These suggestions will increase governmental income as construction resumes. More sales tax would be generated from building materials and from income taxes realized from jobs created. The governmental expense of unemployment will be greatly reduced. The expense of specialized stimulus packages will be eliminated. The government has a relatively short window of time to rectify the problem of overtaxing one entity (new homes). If legislation reduced the price of a new home built in 2010 from $350,000 to $225,000 by reducing the taxes, fees and over regulations on construction, it would be seemingly unfair to those June 6, 2017 - Page 221 of 311 people who bought the $350,000 homes. However, the recession has already reduced the value of the $350,000 houses purchased between 2005 and 2008 to $200,000 and thus it will not affect these people. Construction is a major economic engine. We have all witnessed the negative result of pushing the cost of housing beyond the grasp of the common citizen, the far-reaching effect on the entire economy and especially on those communities that overtaxed new construction. Many communities that did not overtax new construction did not have rapid inflation of home prices and thus home prices did not greatly decrease in this recession. The new legislation ACT suggests will not alter these markets. Our legislators must ACT now and if they don't, we must ACT now and vote them out of office. A grass root organization called ACT (Alliance for Controlling Taxes) has been established by a group of citizens to educate politicians and the general population concerning the unforeseen consequences of putting fees and regulations on new construction. ACT intends to suggest solutions to stabilize and stimulate our failing economy. ACT welcomes all who would like to actively research and advocate for sound solutions, which may improve not only the local but the national economy. ACT will be funding the publication of the foregoing educational information in major newspapers, explaining why the U.S. is in the current recession and what citizens can do to counteract the continuing decline. If you would like to join in this effort or to donate financially, contact ACT today. ACT anticipates support from Businesses and people from all walks of life, since nearly everyone is affected by this economic crisis. Your participation and or donation directly helps you. Also, people with a variety of skills are being sought to help with website development, identifying creative means of informing the public and access to public officials who have the ability to make the necessary changes. Contact us at ACTforTaxChange @ gmail.com, or call 719 293-0655. Send donations to ACT, 2818 Golden Eagle Drive, Stockton, CA 95209 A Suggestion Made To ACT. ACT Welcomes Your Opinions & Suggestions The mortgage crisis is created by what? People who cannot afford their mortgage payments. So we force them out of their homes. Banks go under, property values of nearby homes plummet, jobs are lost, and the American people get stuck with an $700 billion bailout. Why not let these people stay in their homes, and let them continue making whatever payments they were able to afford in the beginning? Yet, nobody should get a free lunch. The government (a.k.a. US taxpayers) can pay the difference of the mortgage, and take partial equity on the value of the house. In other words, if the Fed pays $1000 of the mortgage payment, the Fed gets $1000 of equity and collects that equity when the home sells. The banks will not have bad loans. Banks will become liquid again because there will be less defaults. The housing market becomes stable again because the glut of short sales and foreclosures disappears. Our own property values will increase because there won't be "Short Sale" and "Foreclosure" signs everywhere. When the houses are eventually sold, American taxpayers reap the rewards of shared equity, leading to the possibility of reducing taxes in the future. Sufficient laws must be in place preventing any bank or agency from making the kinds of loans that are unsustainable — the kind that got us where we are today. Tom Ruemmler TRuemmler@hotmail.com 719 293-0655 June 6, 2017 - Page 222 of 311 An expensive 400 foot long, 16 foot wide, 8 foot tall storm drainage tank. $50,000/year of taxes are collected from 303 houses to maintain the tank. Inside the tank are 3 foot tall dams about every 20 feet. The dams create many ponds. Fine dirt settles in the ponds. After many years, the sludge is removed, trucked to a site and dried. It is then trucked to a landfill. Billions of dollars will be spent on rainwater treatment, but very little water will be treated. Calculations reveal little if any improvement will be seen in the streams. The well intended Clean Water Act's implementation was not thought -through. Unintended consequences include air pollution and green houses gasses from the hydrocarbons burnt to manufacture, install the tank and haul off the sludge. The tanks can become huge bombs as a result of gases accumulating in the tank from the fermenting of organic matter such as leaves, or spillage of flammables, or from leaks in natural gas lines. The tanks are breeding pools for mosquitoes that can carry the West Nile Virus June 6, 2017 - Page 223 of 311 Tom Kassmel From: Bob Essin <vailbob@comcast.net> Sent: Monday, March 27, 2017 8:51 AM To: Tom Kassmel Cc: Suzanne Silverthorn; Greg Hall; Council Dist List Subject: Re: "Vail Meeting to Focus on Transport Fee" March 15, 2017 March 27, 2017 Tom and Town Council, Thank you for the information and follow up. I definitely agree that if an additional expense can be justified it should be covered in the increase in sales tax or even property tax that the Town receives from all people, property owners and visitors to TOV. The costs and delays in improving our properties is already significant and once done, the increase in property valuation provides additional taxes. The idea of a transport fee is bogus. How would we feel if the Federal Government decided it would increase I-70 traffic and pass a fee that would have to be paid by the landowner when they decided to build? Where does it stop? Nice try to create additional funds for all levels of government to collect additional funds without calling it a tax. Creative staff some times needs to be told NO. At least if you think it is justified, call it what it is, an increase in taxes and allow voters to vote on it. Town coffers may be down somewhat because of more expenses with items such as the underpass, but it is undeniable that TOV has more than enough money coming in from sales taxes and property taxes. It's a beautiful day in Colorado, Bob Essin 4264 Columbine Way #11 Vail, CO 81657 970-376-4484 Vailbob@comcast.net Sent from my iPad On Mar 22, 2017, at 08:37, Tom Kassmel <TKassmel@vailgov.com> wrote: Bob At the Vail Transportation Impact Fee meeting, staff received some comments regarding the proposed fee. Generally the comments were that this was an additional burden and targeted fee on new development, and that it is counter intuitive to some of the employee housing, Hotel, and commercial development goals the Town generally embraces, and that we would be better off dispersing the cost over a broader base with an increase in sales tax. Attached is a copy of the latest Vail Transportation Impact Fee Study and proposal as well as a single page fee table summary. Our next steps will be to review the fee with PEC in April and then return to Council in May for final review. We will provide all comments to Council for further discussion in May. Tom Kassmel Town Engineer Public Works Department 1 June 6, 2017 - Page 224 of 311 <image001.jpg> 970.479.2235 vailgov.com twitter.com/vailgov <image002.jpg> From: Suzanne Silverthorn Sent: Sunday, March 19, 2017 8:28 AM To: Tom Kassmel; Greg Hall Subject: Fwd: "Vail Meeting to Focus on Transport Fee" March 15, 2017 Do you have an update for Bob? Suzanne Silverthorn, APR Director of Communications Town of Vail 970-479-2115 970-471-1361 (cell) Begin forwarded message: From: Bob Essin <vailbob@comcast.net> Date: March 19, 2017 at 8:24:31 AM MDT To: Kevin Foley <kfoley@vailgov.com>, <towncouncil@vailgov.com> Cc: <vailbob@comcast.net> Subject: "Vail Meeting to Focus on Transport Fee" March 15, 2017 I was unable to attend the meeting. What happened, is happening?? It's a beautiful day in Colorado, Bob Bob Essin 4264 Columbine Way # 11 Vail, CO 81657 970.376.4484 Vailbob@comcast.net Sent from my iPad Begin forwarded message: From: Bob Essin <vailbob@comcast.net> Date: March 15, 2017 at 07:40:26 MDT To: KFoley@vailgov.com, towncouncil@vailgov.com, editor@yaildaily.com Subject: Re: "Vail Meeting to Focus on Transport Fee" March 16, 2017 3/15 not 3/16 Bob 2 June 6, 2017 - Page 225 of 311 Sent from my iPad On Mar 15, 2017, at 07:19, Bob Essin <vailbob@comcast.net> wrote: "Vail Meeting to Focus on Transport Fee" is the heading of an article in 3/15 Vail Daily about today's meeting at City Hall. Transport Fee migration from current traffic mitigation fee. 22% of $95 Million. This sounds like a huge "tax" on any new development and/or replacement of existing residential and commercial square footage in Vail purportedly because it might somehow effect traffic. This is hardly a fee. This is a new tax and should be the subject of vote of town citizens. It's a beautiful day in Colorado, Bob Essin 4264 Columbine Way #11 Vail, CO Vailbob@comcast.net 970.376.4484 Sent from my iPad <FeeScheduleBoard.pdf> <2017-03-10 VailTransplmpactFeeDRAFT.pdf> 3 June 6, 2017 - Page 226 of 311 TOWN Of9 VAIL TOWN COUNCIL AGENDA MEMO ITEM/TOPIC: First Reading of Ordinance No. 5, Series of 2017, an ordinance of the Vail Town Council approving an encroachment into an existing view corridor to accommodate modifications to the Hill Building, located at 254 and 311 Bridge Street, Lots C & L, Block 5C, Vail Village Filing 1, and setting forth details in regard thereto. PRESENTER(S): George Ruther, Director of Community Development ACTION REQUESTED OF COUNCIL: Approve, approve with modifications, deny Ordinance No. 5, Series of 2017. BACKGROUND: The Hill Building is impacted by three adopted view corridors. One of the view corridors is not affected by the proposed application to renovate the building. A second corridor is affected, however, the building currently encroaches into the view corridor and the applicant is proposing to significantly reduce the encroachment and substantial improve the view through the corridor. The third view corridor will be affected by a minimal increase in the height of the building and a chimney. In order to allow for this increase in height to occur, a view corridor encroachment must be approved by the Vail Town Council. STAFF RECOMMENDATION: The Town of Vail Planning & Environmental Commission has reviewed the proposed view corridor encroachment request. Upon review of the request, the Commission has forwarded its recommendation of approval to the Vail Town Council of the request, as proposed. In making their recommendation, the Commission found that the proposed encroachment complied with the criteria for review as outlined in the Vail Town Code. Therefore, the Commission recommends the Vail Town Council approve Ordinance No. 5, Series of 2017 as read. ATTACHMENTS: Description Ordinance No. 5, Series of 2017 May 8 Staff Memorandum Vicinity Map Site Photos Written Request Plans Part 1 Plans Part 2 Review Memorandum Response to View Corridor Encroachment Criteria June 6, 2017 - Page 227 of 311 Power Point Presentation June 6, 2017 - Page 228 of 311 ORDINANCE NO. 5 SERIES OF 2017 AN ORDINANCE OF THE VAIL TOWN COUNCIL APPROVING AN ENCROACHMENT INTO AN EXISTING VIEW CORRIDOR TO ACCOMMODATE MODIFICATIONS TO THE HILL BUILDING, LOCATED AT 254 AND 311 BRIDGE STREET, LOTS C & L, BLOCK 5C, VAIL VILLAGE FILING 1, AND SETTING FORTH DETAILS IN REGARD THERETO. WHEREAS, Vail Town Code § 12-22-6 allows the Town Council to approve encroachments into existing view corridors by ordinance, upon the satisfaction of certain criteria; WHEREAS, the Town received an application to allow an encroachment into an existing view corridor to accommodate modifications to the Hill Building, located at 254 and 311 Bridge Street (the "Application"); WHEREAS, at a properly -noticed hearing on May 8, 2017, the Planning and Environmental Commission reviewed the Application, and thereafter voted to recommend that the Town Council approve the Application; and WHEREAS, on June 6, 2017, the Town Council held a properly -noticed public hearing on the Application, and after considering the comments of Town staff, the recommendation of the Planning and Environmental Commission and public input, the Town Council wishes to approve the Application. NOW THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO THAT: Section 1. The Town Council finds that the Application satisfies the criteria set forth in Vail Town Code § 12-22-6.C., by clear and convincing evidence. Section 2. Based on such finding, the Town Council hereby approves the Application, and authorizes the encroachment into the view corridor to accommodate modifications to the Hill Building, located at 254 and 311 Bridge Street, as more particularly described in Exhibit A. Section 3. If any part, section, subsection, sentence, clause or phrase of this ordinance is for any reason held to be invalid, such decision shall not affect the validity of the remaining portions of this ordinance; and the Town Council hereby declares it would have passed this ordinance, and each part, section, subsection, sentence, clause or phrase thereof, regardless of the fact that any one or more parts, sections, subsections, sentences, clauses or phrases be declared invalid. Section 4. The Town Council hereby finds, determines and declares that this ordinance is necessary and proper for the health, safety and welfare of the Town and the inhabitants thereof. 1 6/1/2017 Q: I USERSI VAILIORD12017I HILL VIEW ENCROACH -0060117. DOCX June 6, 2017 - Page 229 of 311 Section 5. All bylaws, orders, resolutions and ordinances, or parts thereof, inconsistent herewith are repealed to the extent only of such inconsistency. This repealer shall not be construed to revise any bylaw, order, resolution or ordinance, or part thereof, theretofore repealed. INTRODUCED, READ ON FIRST READING, APPROVED, AND ORDERED PUBLISHED ONCE IN FULL ON FIRST READING this 6th day of June, 2017 and a public hearing for second reading of this Ordinance is set for the 20th day of June, 2017, in the Council Chambers of the Vail Municipal Building, Vail, Colorado. Dave Chapin, Mayor ATTEST: Patty McKenny, Town Clerk READ AND APPROVED ON SECOND READING AND ORDERED PUBLISHED this day of , 2017. ATTEST: Patty McKenny, Town Clerk Dave Chapin, Mayor 2 6/1/2017 Q: I USERSI VAILIORD12017IHILL VIEW ENCROACH -0060117. DOCX June 6, 2017 - Page 230 of 311 3 6/1/2017 Q: I USERSI VAILIORD12017IHILL VIEW ENCROACH -0060117. DOCX June 6, 2017 - Page 231 of 311 TOWN OF VAIL $ Memorandum To: Planning and Environmental Commission From: Community Development Department Date: May 8, 2017 Subject: A request for review of an Exterior Alteration, pursuant to Section 12-7B-7, Exterior Alterations or Modifications, Vail Town Code, to allow for a renovation, and a request for a recommendation to the Vail Town Council on an application for encroachments into an existing view corridor, pursuant to Section 12-22-6, Encroachments Into Existing View Corridors, Vail Town Code, to allow for encroachments into View Point #1 for modifications to the Hill Building, located at 254 and 311 Bridge Street (Hill Building)/Lots C & L, Block 5C, Vail Village Filing 1, and setting forth details in regard thereto. (PEC17- 0010/PEC17-0012) Applicant: Mr. Ed Anderson, dba Mt. Belvedere 45 LLC and 43-45 Riva Ridge LLC, represented by Tom Braun, Braun Associates, Inc. Planner: George Ruther I. SUMMARY The applicant, Mr. Ed Anderson, represented by Braun Associates, Inc, is requesting a review of an Exterior Alteration, pursuant to Section 12-7B-7, Exterior Alterations or Modifications, Vail Town Code, to allow for a renovation to the Hill Building and a request for a recommendation to the Vail Town Council on an application for encroachments into an existing view corridor, pursuant to Section 12-22-6, Encroachments Into Existing View Corridors, Vail Town Code, to allow for encroachments into View Points #1 and #4 for modifications to the Hill Building, located at 254 and 311 Bridge Street. The proposed renovation maintains the existing uses in the building. The existing uses include retail use on the first floor or ground level of the building and residential uses on the second floor and above levels of the building. The majority of the renovation occurs to the exterior of the building and on the second floor and above levels of the building. To that end, the Exterior Alteration applicant shall be reviewed for compliance with the zoning regulations prescribed by the Commercial Core I zone district, the applicable elements of the Vail Village Master Plan, and the recommendations of the Vail Village Urban Design Guide Plan. Based upon Staff's review of the criteria outlined in Section VII of this memorandum and the evidence and testimony presented, the Community Development Department recommends approval, with conditions, of this application, subject to the findings noted in Section VIII of this memorandum. II. DESCRIPTION OF REQUEST June 6, 2017 - Page 232 of 311 Mr. Ed Anderson, the owner of the Hill Building, located at 254 and 311 Bridge Street in Vail Village, has requested the review of an Exterior Alteration application, pursuant to Section 12- 7B-7, Exterior Alterations or Modifications, Vail Town Code, to allow for an upper level renovation and exterior re -skin of the Hill Building. To facilitate the proposed renovation and ensure compliance with the Town's adopted building codes, the applicant is also proposing a 32 inch encroachment into View Corridor #4. The scope of work of the proposed renovation includes: • No change in existing uses (i.e. ground floor or street level retail, second floor and above residential. • An extensive renovation to the exterior materials of the building. • Overall decrease of gross residential floor area (- 94 square feet). • Increase of retail floor area of 76 square feet. • Reduction in site coverage (- 371 square feet). • Minor modifications to the massing and overall height of building (60% 33 ft. or less/40% <43ft.). • Increase in softscape landscape area (+ 5 square feet). • Maintain the existing non -conforming enclosed parking space within the structure. The proposed renovation is in compliance with the development standards prescribed by the Commercial Core I zone district. Though the Hill Building is directly affected by three of protected view corridors in Vail Village, the applicant is proposing to comply with said view corridors, and is therefore, not proposing to either amend or encroach into the protected view corridors. According to the applicant, "The goal of this renovation is to create a family home and to restore the Hill Building in a manner that acknowledges and responds to its history, the early architecture of Vail Village, and Town's design goals for Vail Village." A vicinity map (Attachment A), site photos (Attachment B), applicant's narrative (Attachment C), and the proposed site and architectural plans, (Attachment D) are attached for review. III. BACKGROUND: The Hill Building is one of the few remaining original structures in Vail Village. Since its original construction in the early 1960's, a number of additions and changes have been made to the building. However, no substantial additions or changes have been made in the last 20 years. The ownership of the building remained unchanged for nearly 50 years. The Hill Building has recently sold to new owners. The current zoning designation of the property of Commercial Core 1 District (CC1) was established as part of the original Town of Vail zoning regulations via Ordinance No. 8, Series of 1973, adopted on August 7, 1973. IV. APPLICABLE PLANNING DOCUMENTS: Town of Vail Page 2 June 6, 2017 - Page 233 of 311 Staff believes that following provisions of the Vail Town Code, Vail Land Use Plan, Vail Village Master Plan and the Vail Village Urban Design Guide Plan are relevant to the review of this proposal: Title 12 — Zoning Regulations, Vail Town Code Section 12-78 Commercial Core 1 (CC1) District (in part) 12-78-1: PURPOSE: The commercial core 1 district is intended to provide sites and to maintain the unique character of the Vail Village commercial area, with its mixture of lodges and commercial establishments in a predominantly pedestrian environment. The commercial core 1 district is intended to ensure adequate light, air, open space, and other amenities appropriate to the permitted types of buildings and uses. The zoning regulations in accordance with the Vail Village urban design guide plan and design considerations prescribe site development standards that are intended to ensure the maintenance and preservation of the tightly clustered arrangements of buildings fronting on pedestrianways and public greenways, and to ensure continuation of the building scale and architectural qualities that distinguish the village. 12-78-7: EXTERIOR ALTERATIONS OR MODIFICATIONS: A. Subject To Review: The construction of a new building, the alteration of an existing building which adds or removes any enclosed floor area, the alteration of an existing building which modifies exterior rooflines, the replacement of an existing building, the addition of a new outdoor dining deck or the modification of an existing outdoor dining deck shall be subject to review by the planning and environmental commission (PEC). VAIL LAND USE PLAN CHAPTER 11— LAND USE PLAN GOALS / POLICIES: The goals articulated here reflect the desires of the citizenry as expressed through the series of public meetings that were held throughout the project. A set of initial goals were developed which were then substantially revised after different types of opinions were brought out in the second meeting. The goal statements were developed to reflect a general consensus once the public had had the opportunity to reflect on the concepts and ideas initially presented. The goal statements were then revised through the review process with the Task Force, the Planning and Environmental Commission and Town Council and now represent policy guidelines in the review process for new development proposals. These goal statements should be used in conjunction with the adopted Land Use Plan map, in the evaluation of any development proposal. The goal statements which are reflected in the design of the proposed Plan are as follows: 1. General Growth / Development 1.1. Vail should continue to grow in a controlled environment, maintaining a balance between residential, commercial and recreational uses to serve both the visitor and the permanent resident. 1.3. The quality of development should be maintained and upgraded whenever possible. Town of Vail Page 3 June 6, 2017 - Page 234 of 311 1.4. The original theme of the old Village Core should be carried into new development in the Village Core through continued implementation of the Urban Design Guide Plan. 1.12. Vail should accommodate most of the additional growth in existing developed areas (infill areas). 4. Village Core / Lionshead 4.3. The ambiance of the Village is important to the identity of Vail and should be preserved. (Scale, alpine character, small town feeling, mountains, natural settings, intimate size, cosmopolitan feeling, environmental quality.) VAIL VILLAGE MASTER PLAN The Vail Village Master Plan identifies the purpose of the plan as follows: "This Plan is based on the premise that the Village can be planned and designed as a whole. It is intended to guide the Town in developing land use laws and policies for coordinating development by the public and private sectors in Vail Village and in implementing community goals for public improvements. It is intended to result in ordinances and policies that will preserve and improve the unified and attractive appearance of Vail Village. This Plan emphasizes the critical need to balance and coordinate parking and transportation systems with future improvements to Vail Mountain that will increase the "in and out of Valley" lift capacity. Most importantly, this Master Plan shall serve as a guide to the staff, review boards, and Town Council in analyzing future proposals for development in Vail Village and in legislating effective ordinances to deal with such development. Furthermore, the Master Plan provides valuable information for a wide variety of people and interests. For the citizens and guests of Vail, the Master Plan provides a clearly stated set of goals and objectives outlining how the Village will grow in the future." The Vail Village Master Plan established six goals containing objectives, policies and action steps. The following goals, objectives and policies are applicable to this major exterior alteration proposal. "GOAL #1 ENCOURAGE HIGH QUALITY REDEVELOPMENT WHILE PRESERVING UNIQUE ARCHITECTURAL SCALE OF THE VILLAGE IN ORDER TO SUSTAIN ITS SENSE OF COMMUNITY AND IDENTITY. Objective 1.1: Implement a consistent development review process to reinforce the character of the Village. Policy 1.1.1: Development and improvement projects approved in the Village shall be consistent with the goals, objectives, policies and design considerations as outlined in the Vail Village Master Plan and Urban Design Guide Plan. Objective 1.2: Encourage the upgrading and redevelopment of residential and commercial facilities. Town of Vail Page 4 June 6, 2017 - Page 235 of 311 Policy 1.2.1: Additional development may be allowed as identified by the Action Plan and as is consistent with the Vail Village Master Plan and Urban Design Guide Plan. Objective 1.4: Recognize the "historic" importance of the architecture, structures, landmarks, plazas and features in preserving the character of Vail Village. Policy 1.4.1: The historical importance of structures, landmarks, plazas and other similar features shall be taken into consideration in the development review process. Policy 1.4.2: The Town may grant flexibility in the interpretation and implementation of its regulations and design guidelines to help protect and maintain the existing character of Vail Village. Policy 1.4.3: Identification of "historic" importance shall not be used as the sole means of preventing or prohibiting development in Vail Village. GOAL #2 TO FOSTER A STRONG TOURIST INDUSTRY AND PROMOTE YEAR -AROUND ECONOMIC HEALTH AND VIABILITY FOR THE VILLAGE AND FOR THE COMMUNITY AS A WHOLE. Objective 2.1: Recognize the variety of land uses found in the 11 sub -areas throughout the Village and allow for development that is compatible with these established land use patterns. Policy 2.1.1: The zoning code and development review criteria shall be consistent with the overall goals and objectives of the Vail Village Master Plan. Objective 2.2: Recognize the importance of Vail Village as a mixed use center of activities for our guests, visitors and residents. Policy 2.2.1: The design criteria in the Vail Village Urban Design Guide Plan shall be the primary guiding document to preserve the existing architectural scale and character of the core area of Vail Village. Objective 2.5: Encourage the continued upgrading, renovation and maintenance of existing lodging and commercial facilities to better serve the needs of our guests. Policy 2.5.2: The town will use the maximum flexibility possible in the interpretation of building and fire codes in order to facilitate budding renovations without compromising life, health and safety considerations. GOAL #3 TO RECOGNIZE AS A TOP PRIORITY THE ENHANCEMENT OF THE WALKING EXPERIENCE THROUGHOUT THE VILLAGE Objective 3.1: Physically improve the existing pedestrian ways by landscaping and other improvements. Policy 3.1.1: Private development projects shall incorporate streetscape improvements (such as paver treatments, landscaping, lighting and seating areas), along adjacent pedestrian ways. Town of Vail Page 5 June 6, 2017 - Page 236 of 311 Policy 3.1.2: Public art and other similar landmark features shall be encouraged at appropriate locations throughout the Town. Policy 3.1.3: Flowers, trees, water features, and other landscaping shall be encouraged throughout the Town in locations adjacent to, or visible from, public areas." Chapter 7 of the Vail Village Master Plan identifies eleven Vail Village Sub -Areas. Within each sub -area concepts are described which are meant to serve as "advisory guidelines for future land use decisions by the Planning and Environmental Commission". The Vista Bahn building is located within Sub -Area #3. Sub -Area 3# is as follows: "This pedestrianized area of the Village represents the traditional image of Vail. A mixture of residential and commercial uses, limited vehicular access, and inter- connected pedestrian ways are some of the characteristics that distinguish this area from other portions of the Village. With the exception of embellishing pedestrian walkways, developing plazas with greenspace, and adding a number of infill developments, it is a goal of the community to preserve the character of the Village as it is today. The core area, with it's predominantly Tyrolean architecture is the site of the earliest development in Vail. Over time, a need to upgrade and improve infrastructure such as loading and delivery facilities, drainage, paved surfaces and other landscape features has become apparent. Many improvements to public spaces will be addressed as part of an overall streetscape improvement project. There is also the potential to initiate a number of these improvements in conjunction with private sector development projects. Although it is a goal to maintain design continuity in the Village core, there will be change in the core area's built environment. This is mostly due to the number of Town of Vail Page 6 June 6, 2017 - Page 237 of 311 properties that have not exercised their full development rights. Most notable among these properties are the Red Lion Building, the Cyranos Building, the Lodge at Vail, and the Covered Bridge Building. If each of these and other properties develop to their full potential, there will undoubtedly be a significant increase in the level of development in the Village core. The Vail Village Urban Design Guide Plan has been the primary tool in guiding private development proposals in the core area since 1980. The Guide Plan will continue to be used in conjunction with the goals and design criteria outlined in the Vail Village Master Plan. Infill and redevelopment proposals shall be reviewed for compliance with the design criteria, goals, objectives and policies established in these respective plans." V. SITE ANALYSIS Address: Legal Description: Zone District: Land Use Plan Designation: Current Land Use: Geological Hazards: 254 and 311 Bridge Street Lots C & L, Block 5C, Vail Village Filing 1 Commercial Core 1 Vail Village Master Plan Mixed -Use None Development Standard Allowed/Required Existing Proposed Change Lot/Site Area 5,000 sq. ft. buildable 8,494 sq. ft. 8,494 sq. ft. No Change Setbacks No setbacks required by the Vail Urban Design Guide Plan No Change Building Height 60% at 33 ft. or less 40% at 33 ft. to 43 ft 60% at 33 ft. or less 40% at 33 ft. to 43 ft 62% at 33 ft. or less 38% at 33 ft. to 43 ft +1'-2" Density 25 DUs / acre of buildable 2 units 2 units No Change Parking No parking on site 1 enclosed* 1 enclosed* No Change Gross Residential Floor Area (GRFA) 6795 sq. ft. (80%) , 7,014 sq. ft. (82.5%) 6,920 sq. ft. (81.5%)* - 94 sq. ft. Site Coverage 6,795 sq. ft. (80%) 6693 sq. ft. (79%) 6,322 sq. ft. (74%) 371 sq. ft. Landscaping No reduction in landscape area allowed Landscape reconfigured + 5 sq. ft. Note: * One lawfully established enclosed parking space exists on site. This one space may remain, as is, pursuant to continued demonstration of compliance with the provision contained in Chapter 18 of the Zoning Regulations of the Town of Vail. Town of Vail Page 7 June 6, 2017 - Page 238 of 311 VI. SURROUNDING LAND USE AND ZONING North: South: West East: Existing Use Mixed Use Open Space Mixed Use Open Space Town - Owned Stream Tract VII. REVIEW CRITERIA EXTERIOR ALTERATION Zoning District Commercial Core 1 Agricultural and Open Space Commercial Core 1 Outdoor Recreation It shall be the burden of the applicant to prove by a preponderance of the evidence before the PEC that: 1. The proposed exterior alteration is in compliance with the purposes of the CC1 district as specified in section 12-7B-1, Vail Town Code; and, The commercial core 1 district is intended to provide sites and to maintain the unique character of the Vail Village commercial area, with its mixture of lodges and commercial establishments in a predominantly pedestrian environment. The commercial core 1 district is intended to ensure adequate light, air, open space, and other amenities appropriate to the permitted types of buildings and uses. The zoning regulations, in accordance with the Vail Village urban design guide plan and design considerations, prescribe site development standards that are intended to ensure the maintenance and preservation of the tightly clustered arrangements of buildings fronting on pedestrianways and public greenways, and to ensure continuation of the building scale and architectural qualities that distinguish the village. Staff finds the proposed exterior alteration is in compliance with the purpose of the CC1 District. The exterior alteration proposal will, "maintain the unique character of Vail Village" and enhance the predominantly pedestrian environment. The proposed exterior alteration, with its uniquely designed architecture and bulk and mass, further ensures the arrangement of buildings fronting on the pedestrian way of Bridge Street and Wall Street. A building of this architectural design and scale is precisely what was intended for Vail Village. As proposed, the overall bulk and mass of the building remains the same, or is only slightly larger. In several areas the mass of the building is being reduced as portions of existing structure are being removed. In other areas, such as the roof, the height of the ridgeline is being increased by up to nine inches. Through the addition of 76 square feet net new retail area the applicant is obligated to comply with the commercial linkage requirements prescribed in Chapter 12-23 of the Zoning Regulations of the Town of Vail. Pursuant to the requirements, the applicant shall remit payment to the Town of Vail of a fee in lieu payment in the amount of $6,483.70. The payment is calculated as follows: (76 net new sq. ft./1,000) x 2.4 per 1,000 = 0.1824 net new employees x 20% mitigate = 0.0365 employees x $177,733 = $6,483.70. Town of Vail Page 8 June 6, 2017 - Page 239 of 311 Staff finds the proposed exterior alteration meets this review criterion. 2. The proposal is consistent with applicable elements of the Vail Village Master Plan, the Town of Vail Streetscape Master Plan, and the Vail Comprehensive Plan; and, Staff finds that the application is consistent with the Vail Comprehensive Plan, which includes the Vail Village Master Plan and the Town of Vail Streetscape Master Plan, because the proposal is an upgrade to an existing mixed-use structure. The intent of Objective 1.2 with the Vail Village Master Plan is to, "encourage the upgrading and redevelopment of residential and commercial facilities." In making a determination of consistency with the applicable elements of the Vail Village Master Plan, Town of Vail Streetscape Master Plan, and the Vail Comprehensive Plan, the Town sought consultation from Jeff Winston, of Winston LLC. Mr. Winston has served as the Town's Urban Design Consultant for over three decades. A copy of a memorandum from Jeff Winston outlining his thoughts on consistency has been attached for reference. In summary, Mr. Winston concludes the following: • The application is consistent with all Urban Design Concepts • The proposed building maintains and improves the existing level of consistency with all of the applicable elements of the Vail Village Design Considerations • Further consideration should be given to roof materials, facade materials and windows, facade transparency, and landscape elements. Most notably, three large spruce trees should be removed IF more transparency and unifying landscape can be created as a result. The applicant appeared before the Town of Vail Planning & Environmental Commission on May 8th for a worksession. The purpose of the worksession was to present the proposed plans for the renovation of the Hill Building and receive initial feedback from the Commission and public. During the worksession the Planning & Environmental Commission members shared the following comments and/or requested the following information be provided at the time of final review: • A comparison of the sun/shade analysis. • An exhibit demonstrating impacts, if any, to the three adopted view corridors (#1, 2 & 4) • The presence of stucco materials over top of wood on the exterior facade of the building • The stucco handrail atop the second floor deck. • The articulation of the ground floor retail exterior facade. • The ability to covenant or otherwise document the prohibition of vehicles parking on town owned land and outside the one enclosed garage space. • A presentation on how snow will be kept from shedding down onto the pedestrian areas around the building. • The apparent brightness of color of the proposed stucco. • The use of gray colored stone on the chimneys of the building. • The request that no new trees be added into already established view corridors. Town of Vail Page 9 June 6, 2017 - Page 240 of 311 The applicant has addressed each of the comments and requests and is prepared to present their response at the public hearing. Therefore, staff finds the proposed exterior alteration meets this review criterion. 3. The proposal does not otherwise negatively alter the character of the neighborhood; and, The proposal is intended to blend into the existing structure and all materials, finishes, and colors will match existing conditions and not negatively alter the character of the neighborhood. Instead, staff believes this exterior alteration application positively reinforces and further enhances the character of the neighborhood and Vail Village. It is rare to review an application that so extensively renovates a building in Vail Village which proposes to reduce site coverage, decrease GRFA, increase landscape area, and maintain existing density (du/ac). Therefore, staff finds the proposed exterior alteration meets this review criterion. 4. The proposal substantially complies with the Vail Village Urban Design Guide Plan and the Vail Village design considerations, including, but not be limited to, the following urban design considerations: pedestrianization, vehicular penetration, streetscape framework, street enclosure, street edge, building height, views, service/delivery and sun/shade analysis. The proposal has been reviewed for substantial compliance with the Vail Village Urban Design Guide Plan and Vail Village Design Considerations. Upon review of the proposal, staff generally finds the proposed exterior alteration meets this review criterion, with one exception — view corridors. The Hill Building is affected by three adopted view corridors (View Corridors #1, #2 and #4). Staff has requested that the applicant provide additional information to demonstrate compliance with the Town's adopted view corridors. View Corridor #2 will not be impacted. The Hill Building is non -conforming as it relates to View Corridor #4. And, as proposed, a very small portion of the renovated building encroaches into View Corridor #1. An application for approval to encroach into View Corridor #1 has been submitted by the applicant. The request is to allow for a 32 inch encroachment (8 inch increase in building height plus a 24 inch tall chimney cap) of two chimneys beyond what presently exists today. The reason for the increase in chimney height is to fully comply with the Town's adopted building code standards. The applicant has submitted a written response to the view corridor encroachment criteria outlined in Section 12-22-6 C of the Zoning Regulations of the Town of Vail. Staff finds the applicant has demonstrated by clear and convincing evidence that the encroachment meets each of the five criteria for consideration. The Hill Building presently encroaches into View Corridor #4. Section 12-22-7 prescribes direction for non -conforming encroachments into existing view corridors. In summary, removal is encouraged, but not required. If maintained and not removed, the extent of non- conformity shall not be increased. If reduced, but not fully removed, the new reduced extent of encroachment shall be the basis for the remaining non -conformity. The applicant is proposing to reduce the non -conforming condition and reestablish a new non -conforming Town of Vail Page 10 June 6, 2017 - Page 241 of 311 condition. The new non -conforming condition reduces the current condition by nearly 90%. Staff finds that the modifications being made to the building do not cause the structure to encroach into View Corridor #4 to a greater extent than the existing structure. VIII. STAFF RECOMMENDATION The Community Development Department recommends approval, with conditions, a request for review of an Exterior Alteration, pursuant to Section 12-7B-7, Exterior Alterations or Modifications, Vail Town Code, to allow for a renovation, and recommends the Commission forwards a recommendation of approval for an encroachment into View Corridor #4, located at 254 and 311 Bridge Street (Hill Building)/Lots C & L, Block 5C, Vail Village Filing 1, and setting forth details in regard thereto. (PEC17-0010/PEC17-0012) Should the Planning and Environmental Commission choose to approve this exterior alteration request, the Community Development Department recommends the Commission pass the following motions: "The Planning and Environmental Commission approves, with conditions, the applicant's of a request for review of an Exterior Alteration, pursuant to Section 12-7B-7, Exterior Alterations or Modifications, Vail Town Code, to allow for a renovation, located at 254 and 311 Bridge Street (Hill Building)/Lots C & L, Block 5C, Vail Village Filing 1, and setting forth details in regard thereto. (PEC17-0010) Conditions: 1. Approval of this exterior alteration request (PEC17-0010) is contingent upon the applicant obtaining Town of Vail approval of an associated design review application and view corridor encroachment application. 2. The applicant shall be required to meet the Commercial Linkage obligations at time of building permit issuance. The applicant shall remit a fee in lieu payment of $6, 483.70 to the Town of Vail. 3. The applicant and the Town of Vail shall review all existing pedestrian easements to verify compliance with existing and proposed uses. Any changes to the easements required shall be mutually agreed upon and recorded with the Eagle County Clerk and Recorder's Office, prior to the issue of a building permit for the proposed renovation. 4. The applicant shall submit a stamped Improvement Location Certificate (ILC) to the Town of Vail, prior to issuance of the building permit indicating the existing conditions of the Hill Building relative to View Corridor #'s 1, 2, and 4. Then, prior to requesting any certificate of occupancy for the building, the applicant shall submit a second ILC to the Town verifying that the building has been constructed in compliance with the approved building permit set of plans. 5. The applicant shall cause a covenant or similar form of restriction to be recorded with the Eagle County Clerk and Recorder's Office against the Hill Building property (Lots C & L, Block 5C, Vail Village Filing 1) prohibiting vehicle parking from occurring Town of Vail Page 11 June 6, 2017 - Page 242 of 311 on town -owned land or otherwise outside the enclosed parking space within the Hill Building. Further, the garage door to the enclosed parking space shall remain closed when not in use for immediate ingress or egress. The restriction shall be in a form reviewed and approved by the Town Attorney. Said restriction shall be recorded by the applicant prior to any request for a certificate of occupancy for the Hill Building. Should the Planning and Environmental Commission choose to approve this exterior alteration request, the Community Development Department recommends the Commission makes the following findings: "Based upon a review of Section VII of the May 22, 2017 staff memorandum to the Planning and Environmental Commission, and the evidence and testimony presented, the Planning and Environmental Commission finds: 1. That the proposed exterior alteration is in compliance with the purposes of the CCI District as specified in Section 12-7B-1 of the Zoning Regulations; and 2. That the proposal is consistent with applicable elements of the Vail Comprehensive Plan; and 3. That the proposal does not otherwise negatively alter the character of the neighborhood. Should the Planning and Environmental Commission choose to recommend approval of the view corridor encroachment request, the Community Development Department recommends the Commission makes the following findings: "Based upon a review of Section VII of the May 22, 2017 staff memorandum to the Planning and Environmental Commission, and the evidence and testimony presented, the Planning and Environmental Commission finds: 1. That the literal enforcement of this chapter would preclude a reasonable development of a proposed structure on the applicant's land. 2. That the development of the structure proposed by the applicant would not be such as to defeat the purposes of this chapter. 3. That the development proposed by the applicant would not be detrimental to the enjoyment of public pedestrian areas, public ways, public spaces, or public views. 4. That the development proposed by the applicant complies with applicable elements of the Vail land use plan, town policies, urban design guide plans, and other adapted master plans. 5. That the proposed structure will not diminish the integrity or quality nor compromise the original purpose of the preserved view." IX. ATTACHMENTS A. Vicinity Map Town of Vail Page 12 June 6, 2017 - Page 243 of 311 B. Site Photos C. Written Request, dated April 10, 2017 D. Proposed Plans including Building Elevations, dated May 22, 2017 E. Review Memorandum, dated April 21, 2017 F. Response to View Corridor Encroachment Criteria, dated May 14, 2017 Town of Vail Page 13 June 6, 2017 - Page 244 of 311 Hill Building 254 & 311 Bridge Street Lots C & L, Block 5C, Vail Village Filing 1 e 0 25 50 I Feet 100 Tbls map was created by the Town of Vail Community Development Department. Use of this map should be for general purposes only. The Town of Vail does not warrant the accuracy of the Information contained herein. (where shown, parcel line work is approximate) Last Modified: May 2, 2017 TOWN OF VAIL' June 6, 2017 - Page 245 of 311 looking from southeast June 6, 2017 - Page 246 of 311 looking from northwest June 6, 2017 - Page 247 of 311 HILL BUILDING 2017 Ili i.�. .. . E; " . _ .rr ' qui" ,.5. w .•rtf:}11,1!l—�+�"1..17 - •• r��rorir. 114 r'r = r` looking from southwest June 6, 2017 - Page 248 of 311 HILL BUILDING 2017 looking from east June 6, 2017 - Page 249 of 311 HILL BUILDING 2017 looking from northwest June 6, 2017 - Page 250 of 311 Hill Building Renovation Exterior Alteration Application April 10, 2017 Introduction Purpose of this report is to provide a comprehensive description and evaluation of renovation plans proposed for the Hill Building located at the top of Bridge Street and base of Vail Mountain in Vail Village. Renovation plans will maintain existing retail use on the main level and residential use on upper levels, but will thoroughly transform the building resulting in significant enhancement to the architecture and appearance of the building. As outlined in greater detail below, renovation plans conform to the zoning standards prescribed by the Commercial Core I zone district (CCI) and have been designed in conformance with applicable elements of the Vail Village Master Plan and the Vail Village Urban Design Guide Plan. The review process for this project involves Planning and Environmental Commission review of an Exterior Alteration application. This report and project information provided under separate cover has been prepared in accordance with the provisions of Section 12-7B-7 Exterior Alterations or Modifications for CCI. This project narrative has been prepared by Braun Associates, Inc. and the design package has been prepared by 4240 Architecture. i - fora__ .. These photos from the 60's show the Hill Building in its original form. History of Hill Building The Hill Building has played a long and important role in the history of Vail. Blanche Hill owned the property for approximately 50 years and it was the site of one of Vail Village's earliest developments. The original building was a relatively small structure designed by Fitz Hugh Scott. The building epitomized the alpine style evident in many of Vail's original buildings. Vail Hill Building Renovation Exterior Alteration Application 1 June 6, 2017 - Page 251 of 311 Blanche Hill Ski Shop, at the time Vail's first Ski Shop, was one of the original tenants of the building. Residential use was added to the building in subsequent years and this home served as Blanche Hill's personal residence. Since the 60's a number of major additions were made to the building and for the past twenty years the building has remained relatively unchanged. Additions were not always kind to the clean, simple alpine architecture of Scott's original building. Additions were made in a somewhat haphazard manner that resulted in a building lacking in coherency. Building massing, roof lines and forms, and building materials are just some of the elements of the building that are inconsistent with the Town's design architectural and urban design goals for Vail Village. The curved building corner at southwest corner of building, un -aligned roof lines, angled eaves and use of brick are some of the existing building features that are inconsistent with the Town's architectural goals for Vail Village. New owners who recently acquired the property have a long history with and appreciation for Vail. Simply stated, their goal is to create a family home and to restore the building in a manner that acknowledges and responds to its history, the early architecture of Vail Village and the Town's design goals for Vail Village. Overview of Project Parameters and Approach to Design The proposed project is best characterized as a major renovation of the existing building. Basic parameters for the scope of the project include: • Land uses will remain unchanged with retail on the ground floor and a single residence (with a small secondary unit) on upper floors. Hill Building Renovation 2 Exterior Alteration Application June 6, 2017 - Page 252 of 311 • The first level retail store will remain relatively unchanged with only modest changes to the floor area of this space. The exterior of the retail space will however see significant changes to window treatments and a comprehensive re -skin of exterior wall materials. • The upper levels will be removed with the exception of flooring and structural elements of the building. • While there will be major changes to interior spaces and the overall organization of the residence, there will be only a slight decrease from Gross Residential Floor Area. • The overall height of the building is relatively unchanged and there will be only nominal increases to its existing ridge heights. • The most notable changes to the building footprint include a small increase for a new central stair to serve the residence and a reduction of building footprint on the south side of the building. In summary, when compared to a demolition/rebuild, the proposed building renovation is relatively modest in scale. The design approach for the renovation of the Hill Building is twofold; first, the goal is to heal the building and its public surroundings by finding clarity amidst the building's evolution over the past 50 years, and second, to acknowledge the evolution and character of the Town around the Hill Building as the Town has matured into the founders' vision of a European alpine village over the same time span. Because of the Hill Building's significance and interwoven history with Vail Village, the basic form and massing of the building is retained (although an addition to the southwest corner, blocking the view of the mountain from Wall Street, is to be removed). Along Wall Street and at the south facade, the building is stepped back to reduce its apparent mass and create a more favorable street experience for pedestrians. While the original building and subsequent additions were executed in a modern alpine character, the renovation focuses on finding an expression that is in harmony with the traditional European alpine model which the Village has adapted since its inception. In place of today's white -painted board -and -batten siding and horizontal wood railings, materials such as stone, stained timbers, stucco, and decorative millwork have been selected to work together with the building's surroundings and the Vail Village Urban Design Guide Plan. In connection with these material selections, the ground -floor interface with the public realm is enhanced by delineating the retail fenestration from the residential use above, presenting a more inviting experience to pedestrians and helping to increase street activation. All of these refinements have in mind breathing new life into a legacy building which will enhance the experience of Vail Village for years to come. Hill Building Renovation 3 Exterior Alteration Application June 6, 2017 - Page 253 of 311 Zoning Considerations The following addresses how the proposal conforms to relevant zoning standards as prescribed by the CCI zone district: Site Area The minimum lot size in Vail Village is 5,000 square feet. As permitted by Town Code (definition of a "site"), "a site may consist of a single lot of record, a portion of a lot of record, a combination of lots of record". The proposed site consists of two parcels, Lot L consisting of .127 acres and a Portion of Lot C consisting of .068 acres. Total site area is .195 acres or 8,494 square feet. With these two parcels being designated the "site", all zoning standards are applied to the combined parcels, i.e. no setback applies to the common lot line between the two parcels, allowable density is based on both parcels, etc. Setbacks There are no prescribed setbacks in the CCI zone district. There are only minor changes proposed to existing building setbacks. Building setback is reduced slightly on the south side of the building and slightly increased by two expansions on the east side of the building. A number of existing upper floor decks and portions of the roof extend over property lines. In some cases these encroachments are removed. In other cases the decks are retained but with no increase to the extent of existing encroachments. Density Control Allowable GRFA is 6,795 square feet. Existing GRFA is 7,014 square feet. Section 12-7B-19 Reconstruction of Existing Uses; Compliance Required allows for any building within CCI to be re -constructed to "the same or substantially the same enclosed floor area provided the building substantially comply with the applicable provisions of the Vail Village Urban Design Guide Plan and Design Considerations". 6,920 square feet of GRFA is proposed. This exceeds allowable GRFA by 125 square feet but is 94 square feet less than what could be proposed in accordance with Section 12-7B-19. Refer to the section below for how the project complies with applicable provisions of the Guide Plan. Site coverage Site coverage is limited to 80% of site area unless otherwise prescribed by the Vail Village urban design guide plan and design considerations, or 6,795 square feet. Existing site coverage is 6,693 square feet (79%). Proposed site coverage is 6,322 square feet (74%). Hill Building Renovation 4 Exterior Alteration Application June 6, 2017 - Page 254 of 311 Landscape Landscape standards state that no reduction to existing landscaping is to occur unless "sufficient cause is shown by the applicant or as specified in the Vail Village design considerations". The definition of landscaping includes, among other things, planted areas and plant materials, including trees, shrubs, lawns, flowerbeds and ground cover, .... and core development such as walks, decks, patios, terraces, water features and like features not occupying more than 20% of the landscaped area". Existing landscape area consists of 586 square feet of softscape area and 1,796 square feet of hardscape areas. Given that existing hardscape areas exceeds the 20% of total landscape area, the key factor in conforming to the "no reduction" standard is the change to softscape areas. Proposed softscape area is 591 square feet. While nominal, there is a slight increase to softscape area. Notable changes to existing landscaping include a new planter bed on the south side of the building, removal of a small planter on the west side, re -design and expansion of planters on the north side and removal of planters on the east side to allow for re -design of the residential entry and improved visual access to storefront windows. The removal of four spruce trees on the east side and southeast corner of the property is proposed. Three of these trees are located on Town of Vail land. There are a number of reasons for the removal of these trees: • The trees are likely 50 years old and have simply outgrown their location. • The trees are literally engulfing the existing structure and represent a wildfire and safety hazard. • The trees present a major hindrance to the construction of the renovated building. Trees more suitable for the "urban" setting of the project are proposed for these areas. Two crab trees located at the south side of the building are also proposed for removal. These trees are located on Vail Resorts property. Vail Resorts has provided verbal approval for these trees to be removed. Currently these trees are located in front of a large, blank wall. As proposed, this blank wall will be replaced with a new "storefront" with display windows. Removal of these trees will open up views to these windows. Hill Building Renovation 5 Exterior Alteration Application June 6, 2017 - Page 255 of 311 Existing trees have outgrown their location and present safety and logistic challenges that warrant their removal. Parking and Loading The proposed renovation will have no effect on required parking. An existing garage parking space is located on the property. As a part of the proposed building renovation, the garage will remain and will not increase in size, location or shape. The space is a non -conforming use and is permissible to remain in accordance with Chapter 18 -Non - Conforming Uses of the Zoning Code. The space is can also remain based on the Mall Act of 1972. The Mall Act was adopted by the Town in order to limit vehicular access and strengthen the pedestrian character of Vail Village. The Mall Act did however, acknowledge specific to vehicle use on Bridge Street that vehicle access would be permitted to existing parking spaces. The garage in the Hill Building was in place at the time the Mall Act was adopted and as such access to this space is permitted. Hill Building Renovation 6 Exterior Alteration Application June 6, 2017 - Page 256 of 311 Vail Village Urban Design Guide Plan The Guide Plan/Sub-Area Concepts:Gore Creek Drive/Bridge Street The Guide Plan/Sub-Area Concepts of the Urban Design Guide Plan identify physical improvements that are desired for the Village. In most cases improvements address the public domain or encourage private development to be designed in response to the urban design goals of the Plan. There are no such improvements identified by the Plan that are proximate to the Hill Building. Design Considerations/Urban Design Considerations The Urban Design Guide Plan includes two categories of design considerations — Urban design considerations address large-scale land use planning issues as well as form considerations and are primarily the Planning and Environmental Commission. Architectural and Landscape Considerations are reviewed primarily by the Design Review Board. Below is an assessment of how the project addressed the eight Urban Design Considerations: 1. Pedestrianization The Hill Building is bordered by pedestrian -only streets and pedestrian streets with limited delivery traffic. Given the relatively limited scope of this project, particularly there being no change to existing land uses, the proposal will have no change to existing pedestrianization. 2. Vehicular Penetration The proposal will have no change to vehicular penetration in or around the site. 3. Streetscape Framework Streetscape framework addresses how landscaping and commercial storefronts can influence the quality of the walking experience in Vail Village. While there is only a nominal change to existing softscape areas, landscape improvements will create better defined planter beds on the north side of the property, add new planter beds to the south side and replace three over -grown trees with new trees and planting beds. Expanded storefront windows will be provided on all sides of the building. Of particular significance are new windows on the east and south sides of the building that will provide architectural interest to the building and visual interest for the pedestrian. 4. Street Enclosure Hill Building Renovation 7 Exterior Alteration Application June 6, 2017 - Page 257 of 311 While proposed renovations will provide some improvement to Streetscape Enclosure, views and how pedestrians move around the building, the limited scope of changes to the building will not result in any meaningful change to Streetscape Enclosure. The second floor at the northwest corner of the building will be pulled back a distance of approximately 6'. This will "open up" the corridor between the Hill Building and the neighboring Plaza Lodge, providing an improved ratio between this walkway and the two adjacent buildings. The second floor of at the southwest corner of the building will also be pulled back. This change will open a wider view plan to Vail Mountain for pedestrians walking south through this plaza area. 5. Street Edge With the nominal changes proposed for the main level of the building there are no significant changes to how the building influences Street Edge considerations. 6. Building Height Only nominal changes occur to the roof. Proposed ridgelines are equal to or only 1-2' higher than existing ridge lines and are well within allowable building heights. The proposed roof conforms to the 60/40 split with 38% of the roof being over 33' and under 43'. 7. View Corridors Adopted view corridors #2 and #4 are proximate to the Hill Building. Proposed changes respect both of these view corridors. View Corridor #2 is from Seibert Circle to Vail Mountain and the purpose of this corridor is to "protect views of the ski runs and ski base as seen from upper Bridge Street". The westerly plan of this corridor runs along the eastern edge of the Hill Building. As depicted on plans provided, the proposed building does not encroach into this view corridor. View corridor #4 is in the corridor between the Hill Building and the Plaza Lodge, the purpose of this corridor is to "protect views of the Gore Range as seen from the alley between Founders Plaza and Seibert Circle". Proposed changes to the north side include the removal of existing upper level decks and in doing so will improve this view corridor. The eave line of the existing building defines the upper extent of the view corridor. The new roof, while at essentially the same height, has more prominent overhangs and as proposed the overhang will extend into the view corridor. This Hill Building Renovation 8 Exterior Alteration Application June 6, 2017 - Page 258 of 311 portion of roof is well above the Gore Range View. It is suggest that during the PEC site visit this aspect of the proposal be evaluated. While technically an encroachment into the view corridor, the proposed building is very much in keeping with the purpose of this view corridor. 8. Sun/Shade Proposed building massing will have a slightly positive improvement to shadow patterns around the building. Sun/shade studies on sheet G006 of the Exterior Alteration plan set indicate morning and afternoon shadow patterns on the Equinox and Winter Solstice. 9. Service and Delivery Uses on the property will remain unchanged as a result of this renovation and as such no changes are anticipated with respect to service and delivery. Vail Village Master Plan Below is a brief summary of how the proposed renovation relates to relevant sections of the Vail Village Master Plan. Goals, Objectives, Policies Foremost among the goals, objectives and policies in support of the renovation of the Hill Building include: Goal #1— Encourage high quality redevelopment while preserving the unique architectural scale of the Village in order to sustain its sense of community and identity. Objective 1.2: Encourage the upgrading and redevelopment of residential and commercial facilities. Objective 1.4: Recognize the "historic" importance of the architecture, structures, landmarks, plazas and features in preserving the character of Vail Village. Illustrative Plan The Action Plan is an element of the Illustrative Plan section of the master plan. The Action Plan identifies improvements envisioned for the Village. The Action Plan includes eleven sub- areas and the Hill Building is located in the #3 CCI Sub -Area. The only improvement in this sub- area that is proximate to the Hill Building is the "Seibert Circle Study Area" which addresses the potential for plaza improvements to the top of Bridge Street. This improvement has been implemented. Hill Building Renovation 9 Exterior Alteration Application June 6, 2017 - Page 259 of 311 OWNER ARCHITECT 4240 ARCHITECTURE 3507 RINGSBY CT. STUITE 117 DENVER, CO 80216 CIVIL ENGINEER LANDSCAPE ARCHITECT STRUCTURAL ENGINEER MEP ENGINEER ALPINE ENGINEERING, INC. 34510 HIGHWAY 6 UNIT A-9 EDWARDS, CO 81632 SHERRY DORWARD P.O. BOX 3766 VAIL, CO 81658 MONROE NEWELL 70 BENCHMARK RD. SUITE 204 AVON, CO 81620 DMCE ENGINEERING 5737 6TH AVE. LAKEWOOD. CO 80214 HILL BUILDING RENOVATION 311 BRIDGE STREET VAIL, COLORADO 81657 39°38'24"N 106°22'25"W PROJECT #21174.00 SHEET INDEX GENERAL G001 RESERVED [NOT ISSUED] 6002 RESERVED [NOT ISSUED] 6003 VIEW CORRIDOR ANALYSIS G004 SITE COVERAGE 6005 GRFAANALYSIS 6006 SUN/SHADE STUDY CIVIL C001 SURVEY LANDSCAPE L001 SITE / GRADING / LANDSCAPE PLAN ARCHITECTURAL (EXISTING) EA100 EXISTING BASEMENT PLAN EA101 EXISTING LEVEL 1 PLAN EA102 EXISTING LEVEL 2 PLAN EA103 EXISTING LEVEL 3 PLAN EA104 EXISTING ROOF PLAN EA201 EXISTING ELEVATIONS EA202 EXISTING ELEVATIONS ARCHITECTURAL (PROPOSED) A100 PROPOSED BASEMENT PLAN A101 PROPOSED LEVEL 1 PLAN A102 PROPOSED LEVEL 2 PLAN A103 PROPOSED LEVEL 3 PLAN A104 PROPOSED ROOF PLAN ARCHITECTURAL (PROPOSED) CONTD. A201 PROPOSED ELEVATIONS A202 PROPOSED ELEVATIONS ELECTRICAL E101 LIGHTING PLAN 4240 PEC / DRB SUPPLEMENT 2017-05-15 June 6, 2017 - Page 260 of 311 VIEW POINT #4 BACKS 0\1E10 .?:=42 VIEW CORRIDOR #4 POINT M NORTHWESTERLY CORNER OF SECOND FLOOR BALCONY ON HILL BLDG. VIEW CORRIDOR #4 POINT 0 NORTHWEST CORNER OF TOP OF FASCIA _ — ON THIRD FLOOR ROOF OF HILL BLDG. VIEW CORRIDOR #4 POINT N INTERSECTION OF TOP OF SECOND FLOOR BALCONY RAIL AND BRICKWALLON HILL BLDG VIEW POINT #2 BACKSIGNZ UNC .p#4 0 0 0 0 0 VIEW CORRIDOR #2 POINT C1 TOP OF SOUTH END OF SKI LOCKERS, WHICH ARE ON RAILING VIEW CORRIDOR #2 POINT C2 SOUTHEAST CORNER OF TOP DECK RAIL ON HILL BLDG. 0 June 6, 2017 - Page 261 of 311 VIEW CORRIDOR #2 POINT D SOUTHEAST*ORNER OF BRICK CHIMNEY ON HILL BLDG. 40 2 C. View Point #4: A view from the northeast corner of 244 Wall Street, the One Vail Place Building, looking over the roofs of 304 Bridge Street, the Red Lion Building, and 356 Hanson Ranch Road, the Christiania Lodge, toward the Gore Range. 1. Purpose: To protect views of the Gore Range as seen from the alley between Founders Plaza and Seibert Circle. 2. Instrument; View Point #4: A #6 rebar with a 2112 inch diameter aluminum cap marked V.P. 4 (PLS 16827) set in an aluminum monument box, in the brick pavers, approximately 8 feet from the entrance to Frivolous Sal's, located in the northeast corner of the One Vail Place Building, 244 Wall Street. 3. Backsight; View Point #2: A #6 rebar with a 21/2 inch diameter aluminum cap marked V.P. 2 (PLS 16827) set in an aluminum monument box in Bridge Street in front of the Red Lion Building. 4. Height Of Survey Transit Above View Point #4: 5.4 feet. 5. Table: Horizontal Angle Zenith Angle Foresight Point on Photo as of Nov. 15, 1991 343°56'53' 62°24'10" A - south fascia board of third floor roof of Plaza Lodge Building, 281_ 293 Bridge Street 348037'05" 73°05'43" B - intersection of upper and second floor roof lines of Plaza Lodge Building 352°55'25" 73°34'26" C - south end of peak of second floor gable of Plaza Lodge Building JI 352°31'05' 79°24'44" O - eastern edge of second floor gable roof of Plaza Lodge Building 352°13'16" 79°24'55" E - intersection of second floor roof fascia and southeast corner of Plaza Lodge Building 352°13'14" 84°44'25" F - intersection of southeast corner of building and top edge of first floor fascia of Plaza Lodge Building 354°30'20' 86°13'30" G - top of southeasterly corner of first floor fascia of Plaza Lodge Building 354°47'22" 86°07'58" H - intersection of south edge of Red Lion chimney and upper Red Lion roof line 358°21'46" 85°17'48" I - peak of upper Red Lion roof line 359°04'31" 85°30'36" J - intersection of upper Red Lion roof line and northerly roof line of the Christiania 000'16'55' 84°36'56" K - peak of northerly roof line of the Christiania 001059'47" 84°36`56" L - intersection of northerly roof peak and southerly roof line of the Christiania 003°05'44" 83°32'42" M - northwesterly corner of second floor balcony on Hill Building 006°23'31" 83°33'52" N - intersection of top of second floor balcony rail and brick wall on Hill Building 005°32'14' 67°54'58" O - northwest corner of top of fascia on third floor roof of Hill Building 4 VICYY LUIU IUUl W4 NOT TO SCALE VIEW CORRIDOR PLAN - EXISTING 1111111111111111111111111 1" = 10'-0" VIEW POINT #4 BACKS �INE1�p 42 VIEW CORRIDOR #4 POINT M NORTHWESTERLY CORNER OF SECOND FLOOR BALCONY ON HILL BLDG. VIEW CORRIDOR #4 POINT 0 NORTHWEST CORNER OF TOP OF FASCIA ON THIRD FLOOR ROOF OF HILL BLDG. VIEW CORRIDOR #4 POINT N INTERSECTION OF TOP OF SECOND FLOOR BALCONY RAIL AND BRICK WALL ON HILL BLDG cn 0too, o I � VIEW POINT #2 BACKS011 LINE P#4 1 VIEW CORRIDOR #2 POINT C1 TOP OF SOUTH END OF SKI LOCKERS, WHICH ARE ON RAILING VIEW CORRIDOR #2 POINT C2 SOUTHEAST CORNER OF TOP DECK RAIL ON HILL BLDG. 1 VIEW CORRIDOR #2 POINT D SOUTHEAST*ORNER OF BRICK CHIMNEY ON HILL BLDG. V 1 B. View Point #2: A view from upper Bridge Street looking toward the ski slopes between 228 Bridge Street, the Golden Peak Building, and 311 Bridge Street, the Hill Building. 1. Purpose: To protect views of the ski runs and ski base area as seen from upper Bridge Street. 2. Instrument: View Point #2: A #6 rebar with a 21/2 inch diameter aluminum cap marked V.P. 2 (PLS 16827) set In an aluminum monument box in Bridge Street in front of the Red Lion Building, 304 Bridge Street. 3. Backsight; View Point #4: A #6 rebar with a 2112 inch diameter aluminum cap marked V.P. 4 (PLS 16827) set in an aluminum monument box, in the brick pavers, approximately 8 feet from the entrance to Frivolous Sal's, located near the northeast corner of One Vail Place Building, 244 Wall Street. 4. Height Of Survey Transit Above View Point #2: 5.4 feet. 5. Table: Horizontal Angle Zenith Angle Foresight Point On Photo As Of Nov. 15, 1991 289025'48" 74028'18" A - northwest corner of third floor balcony roof of Golden Peak Building 290°58'11" 89°58'00" B - PK nail in top of the 24 inch tall retaining wall on west side of Golden Peak House, 1 foot east frorn west edge of planter wall, and 10 feet west from the west face of the building 300°32'46" 92°05'34" C1 - top of south end of ski lockers, which are on railing 301°35'24" 83°31'08" C2 - southeast corner of top deck rail on Hill Building 303032'24" 73°38'55" D - southeast corner of brick chimney on Hill Building 3 VIEW CORRIDOR #2 NOT TO SCALE VIEW CORRIDOR PLAN - PROPOSED 1111111 1" = 10'-0" TOWN OF VAIL USE Do. IAN BIEKER 00400350 424o Architecture I n c OWNER ARCHITECT 4240 ARCHITECTURE 3507 RINGSBY CT. STUITE 117 DENVER, CO 80216 CIVIL ALPINE ENGINEERING, INC. ENGINEER 34510 HIGHWAY 6 UNIT A-9 EDWARDS, CO 81632 LANDSCAPE ARCHITECT STRUCTURAL ENGINEER MEP ENGINEER K J H G J J SHERRY DORWARD P.O. BOX 3766 VAIL, CO 81658 MONROE NEWELL 70 BENCHMARK RD. SUITE 204 AVON, CO 81620 DMCE ENGINEERING 5737 6TH AVE. LAKEWOOD, CO 80214 311 BRIDGE STREET LC ) N 0 cc N 0 O, PEC SUBMITTAL #1 rev. 01 2017-04-11 PEC SUBMITTAL#1 2017-04-10 PEC PROGRESS SET 2017-04-06 PEC PROGRESS SET 2017-03-27 ISS.# DESCRIPTION DATE PROJECT NO.: 21074.00 VIEW CORRIDOR ANALYSIS G003 ENCLOSED SECOND FLOOR PROJECTS BEYOND GROUND FLOOR FOOTPRINT AND CONTRIBUTES TO SITE COVERAGE EAVE GREATER THAN 4'-0" PROJECTION INCLUDED IN SITE COVERAGE EAVE LESS THAN 4'-0" PROJECTION EXCLUDED FROM SITE COVERAGE EAVE AND 2ND FLOOR BALCONY LESS THAN 4'-0" PROJECTION EXCLUDED FROM SITE COVERAGE BALCONY PROJECTION GREATER THAN 4'-0" INCLUDED IN SITE COVERAGE BALCONY PROJECTION GREATER THAN 4'-0" INCLUDED IN SITE COVERAGE COVERED AREA AT GROUND FLOOR GREATER THAN 4'-0" PROJECTION INCLUDED IN SITE COVERAGE 40 z June 6, 2017 - Page 262 of 311 EXISTING SITE COVERAGE 11111111111111111 1111111111 1 " = 10'-0" SITE COVERAGE AREA: 6,693 ft2 TOTAL SITE AREA: 8,494 ft2 SITE COVERAGE: 79% EAVE LESS THAN 4'-0" EXCLUDED FROM SITE COVERAGE BALCONY PROJECTION GREATER THAN 4'-0" INCLUDED IN SITE COVERAGE BALCONY PROJECTION GREATER THAN 4'-0" INCLUDED IN SITE COVERAGE BALCONY PROJECTION LESS THAN 4'-0" EXCLUDED FROM SITE COVERAGE EAVE PROJECTION GREATER THAN 4'-0" INCLUDED IN SITE COVERAGE r — — 7 GROUND FLOOR FOOTPRINT L SITE COVERAGE EAVE PROJECTION GREATER THAN 4'-0" INCLUDED IN SITE COVERAGE EAVE PROJECTION LESS THAN 4'-0" EXCLUDED FROM SITE COVERAGE EAVEPROJECTION GE THAN 4'-0" INCLUDED IN SITE COVERAGE BALCONY PROJECTION GREATER THAN 4'-0" INCLUDED IN SITE COVERAGE EAVE PROJECTION LESS THAN 4'-0" EXCLUDED FROM SITE COVERAGE BALCONY PROJECTION GREATER THAN 4'-0" INCLUDED IN SITE COVERAGE EAVE PROJECTION LESS THAN 4'-0" EXCLUDED FROM SITE COVERAGE BALCONY PROJECTION LESS THAN 4'-0" EXCLUDED FROM SITE COVERAGE BALCONY PROJECTION LESS THAN 4'-0" EXCLUDED FROM SITE COVERAGE +1 PROPOSED SITE COVERAGE 11111111111111111111111111111101 1" = 10'-0" SITE COVERAGE AREA: 6,322 ft2 TOTAL SITE AREA: 8,494 ft2 SITE COVERAGE: 74% EAVE PROJECTION LESS THAN 4'-0" EXCLUDED FROM SITE COVERAGE BALCONY PROJECTION LESS THAN 4'-0" EXCLUDED FROM SITE COVERAGE r — — 7 GROUND FLOOR FOOTPRINT L --J SITE COVERAGE TOWN OF VAIL USE D IAN BIEKER 00400350 424o Architecture I n c OWNER ARCHITECT 4240 ARCHITECTURE 3507 RINGSBY CT. STUITE 117 DENVER, CO 80216 CIVIL ALPINE ENGINEERING, INC. ENGINEER 34510 HIGHWAY 6 UNIT A-9 EDWARDS, CO 81632 LANDSCAPE SHERRY DORWARD ARCHITECT P.O. BOX 3766 VAIL, CO 81658 STRUCTURAL MONROE NEWELL ENGINEER 70 BENCHMARK RD. SUITE 204 AVON, CO 81620 MEP DMCE ENGINEERING ENGINEER 5737 6TH AVE. LAKEWOOD, CO 80214 311 BRIDGE STREET K PEC SUBMITTAL 41 rev. 01 2017-04-11 J PEC SUBMITTAL#1 2017-04-10 H PEC PROGRESS SET 2017-04-06 G PEC PROGRESS SET 2017-03-27 ISS.# DESCRIPTION DATE PROJECT NO.: 21074.00 SITE COVERAGE G004 PI I June 6, 2017 - Page 263 of 311 II oRT \ LEVEL 3 FLOOR PLAN - EXISTING 111111111111111111111110111111111 1/16" = 1'-0" ORT 1,073 ft2 583 ft2 TOTAL: 1,656 ft2 LEVEL 2 FLOOR PLAN - EXISTING WWWWWWWWWWWWWWWW 1/16 = 1'-0" L_ ORT \ L LEVEL 1 FLOOR PLAN - EXISTING `t WWWWWWWWWWWWWWWW 1/16" = 1'-0" EXISTING GRFA = 7,014 ft2 (83% OF BUILDABLE AREA) 4,966 ft2 341 ft2 51 ft2 EXCLUDED: 242 ft2 TOTAL: 392 ft2 MID-LEVEL DECK & EXTERIOR STAIR DELETED PROPOSED NW CORNER EXISTING NW CORNER EAST WALL MOVES APPROX. 5'-0" AT LEVEL 3 ROUNDED CORNER ADDITION & EXTERIOR STAIR DELETED 2 ,!2 STORY SCREEN WALL DELETED EDGE OF BALCONY PULLED BACK FROM PROPERTY LINE RELOCATED STAIR 11� 1 1 1 11 441, N R\ LEVEL 3 FLOOR PLAN - PROPOSED w WWWWWWWWWWWWWWWW 1/16 = 1'-0" ORT 7 1,804 ft2 590 ft2 EXISTING CHIMNEY RETAINED (PLAN DIMENSIONS & HEIGHT) BUMP -OUT DELETED (APPROX. 5'-0") BALCONY PROJECTION REDUCED BUMP -OUT DELETED (APPROX. 7'-6") RELOCATED STAIR EDGE OF BALCONY PULLED BACK FROM PROPERTY LINE -W"111111 - li ir1l1 it 11p • i Ili . I , r. , -.4, i;ti ___ Nit, lik,‘ _1-------) Mg i \ c•ii o ill0 Si 1 lk . mi laiiikF PriWk-a Wile iner ...d, .11 , A , , _,. _ \ i ; i : ___., k t -1, .., ................,._ „..-110., , „__. Wiiii, , ,IP lirof IL iiii....1 illw r i _ II ‘;Iciii! Wk. I , A r-':i4C Ir tr II " � : 7..' gilir° M I ,), . \ Ok ....... ...., ,,,, o. i. nk 4' i i „, a , , . wow. ,,, \A .. .. ...„ 1 w..............„ -. \A, -. 1,, ,,, vak. ..".2...iii......,,_ ,....) ._..................., AN 11 11 —....mma UNA 40 1 111111111111111111111111111111111 SCALE: APPROX. 1” = 30'-0" EXISTING - EQUINOX 10am EXISTING - EQUINOX 2pm 2 WYIIYWWYIIYWWYIIYWWIY1 SCALE: APPROX. 1" = 30'-0" 403 EXISTING - WINTER SOLSTICE 10am WWIYYIWWIYYIWWIYYIWWIYYI SCALE: APPROX. 1" = 30'-0" A 4 IYWIYYIIYWWYIIYWWYIIYWWYI SCALE: APPROX. 1" = 30'-0" EXISTING - WINTER SOLSTICE 2pm i , ,, .44,4 * ,N IF 1. , . ________------ % , -.4, i;ti ___ Nit, _,_ Tt ,,..0.Ami Ws ....-Tw 4.. \ 0 ill1 Bk 1 a A , , _,. _ \ i ; i \ ....._ r \ -1, .., ................,._ „..-110., , r„,‘ , \,, lc-, 1 , iv \ ......v-..11 -• 1 , ..,....w. w"iri, : 111 ..... , A fiiiii I" I , A r-':i4C Ir tr II " � : 7..' gilir° M 0 ,), . \ Ok ....... ...., nk ___._ ,./; i V" wow. ,,, ' 1 \A .. ... .....„ i -. 1,, ,,, vak. ..".2...iii......,,_ ,....) ._..................., AN 11 , //// 40 5 YYYIYWYYYIYWIYYIYYYYYI SCALE: APPROX. 1" = 30'-0" PROPOSED - EQUINOX 10am June 6, 2017 - Page 264 of 311 'A` 6 NIMINIMINIMINIMI SCALE: APPROX. 1" = 30'-0" PROPOSED - EQUINOX 2pm 4b 7 PROPOSED - WINTER SOLSTICE 10am YYYYYYYYYIYIYYYYIYIYWIYIYYI SCALE: APPROX. 1" = 30'-0" 40 8 III IIIIIII IIIIIII IIIIIII ILII SCALE: APPROX. 1" = 30'-0" PROPOSED - WINTER SOLSTICE 2pm TOWN OF VAIL USE ,`Qv ,r90 co D IAN O S. BIEKER 15- 00400350 424o Architecture I n c OWNEF ARCHITECT 4240 ARCHITECTURE 3507 RINGSBY CT. STUITE 117 DENVER, CO 80216 CIVIL ENGINEER LANDSCAPE ARCHITECT STRUCTURAL ENGINEER MEP ENGINEER K J H G CD 4111 ALPINE ENGINEERING, INC. 34510 HIGHWAY 6 UNIT A-9 EDWARDS, CO 81632 SHERRY DORWARD P.O. BOX 3766 VAIL, CO 81658 MONROE NEWELL 70 BENCHMARK RD. SUITE 204 AVON, CO 81620 DMCE ENGINEERING 5737 6TH AVE. LAKEWOOD, CO 80214 311 BRIDGE STREET 39°38'24"N 106°22'25"W PEC SUBMITTAL #1 rev. PEC SUBMITTAL #1 PEC PROGRESS SET PEC PROGRESS SET 01 2017-04-11 2017-04-10 2017-04-06 2017-03-27 ISS.# DESCRIPTION DATE PROJECT NO.: 21074.00 SUN / SHADE STUDY G006 7 EEA 8'-0" 4'-0" 4'-0" 8'-0" 3'-91/2" 4'-2)„ 8,-0" 8'-0" 4'-0" 4'-0" 28'-0" / / / / / / / / / / / STAIR UP LOCKERS RETAIL AREA June 6, 2017 - Page 265 of 311 MECHANICAL 0 LOCKERS LOCKERS L 01 0 0 O LOCKERS STAFF 0 4 RETAIL AREA 0 ST FF WC UP STAIR LOCKERS NORTH \ 1 PROPOSED BASEMENT LEVEL FLOOR PLAN 1111111111111111111111111111111 1/4 = 1'-0" PROPOSED GRFA: 0 ft2 0 0 10 11 TOWN OF VAIL USE 4240 Architecture I n c OWNEF ARCHITECT 4240 ARCHITECTURE 3507 RINGSBY CT. STUITE 117 DENVER, CO 80216 CIVIL ALPINE ENGINEERING, INC. ENGINEER 34510 HIGHWAY 6 UNIT A-9 EDWARDS, CO 81632 LANDSCAPE SHERRY DORWARD ARCHITECT P.O. BOX 3766 VAIL, CO 81658 STRUCTURAL MONROE NEWELL ENGINEER 70 BENCHMARK RD. SUITE 204 AVON, CO 81620 MEP DMCE ENGINEERING ENGINEER 5737 6TH AVE. LAKEWOOD, CO 80214 CD 4111 311 BRIDGE STREET 39°38'24"N 106°22'25"W K PEC SUBMITTAL #1 rev. 01 2017-04-11 J PEC SUBMITTAL#1 2017-04-10 H PEC PROGRESS SET 2017-04-06 G PEC PROGRESS SET 2017-03-27 A CONCEPT STUDY 2016-12-30 ISS.# DESCRIPTION DATE PROJECT NO.: 21074.00 PROPOSED BASEMENT LEVEL FLOOR PLAN A100 8180 ' GG EEA 8180 ' 8180' GROUND FLOOR CORNER SQUARED OFF TO MATCH (E) FOUND TION EXISTING FOOTPRINT (RED OUTLINE) 1 FL EL. 100'-2" = 8380.17' DN RETAIL TENANT SPACE 4 1 0 PROPOSED GRFA: 393 ft2 STING RESIDENCE RANCE TO BE TED AND ECONFIGURED CLOC p �,� I=ME Ulm I,'/-IDv Oil 0 Pr / 1 _ifliL .;. Oi MID0 0 a. /1 .411M, ' 10 • Mi 1 riiiiiiiiil -.ir-Cr ' 7 a wmmi.vmmmmmm 0 1 ft ith G1 11•, 0• •L400,.,4 111 LLI CO 03 PRO OSED GR A: 53 ft2 0 EXISTING GARAGE TO REMAIN OM PM= .* ' 40% PM= iit _ ...._ mom,' 4. an ow, OCATED r " g 0 Vic Pl 1110 TRANCE 4 ki& IL AS..4 ra 11/ 11 C at il S !II . ilf_. 0 CO CO 0 • June 6, 2017 - Page 266 of 311 ocb 41 PROPOSED LEVEL 1 FLOOR PLAN PROPOSED GRFA: 446 ft2 1 6 TOWN OF VAIL USE D IAN Co BIEKER 00400350 4240 Architecture Inc ARCHITECT 4240 ARCHITECTURE 3507 RINGSBY CT. STUITE 117 DENVER, CO 80216 CIVIL ENGINEER LANDSCAPE ARCHITECT STRUCTURAL ENGINEER MEP ENGINEER LLI 4111 03 ALPINE ENGINEERING, INC. 34510 HIGHWAY 6 UNIT A-9 EDWARDS, CO 81632 SHERRY DORWARD P.O. BOX 3766 VAIL, CO 81658 MONROE NEWELL 70 BENCHMARK RD. SUITE 204 AVON, CO 81620 DMCE ENGINEERING 5737 6TH AVE. LAKEWOOD, CO 80214 311 BRIDGE STREET LSD CO 39°38'24"N 106°22'25"W PEC SUBMITTAL #1 rev. 01 PEC SUBMITTAL #1 PEC PROGRESS SET PEC PROGRESS SET SD PRICING CONCEPT DEVELOPMENT ToV CONCEPT OVERVIEW CONCEPT STUDY CONCEPT STUDY 2017-04-11 2017-04-10 2017-04-06 2017-03-27 2017-02-22 2017-02-02 2017-01-30 2017-01-16 2016-12-30 ISS.# DESCRIPTION DATE PROJECT NO.: 21074.00 PROPOSED LEVEL 1 FLOOR PLAN A101 o EXISTING ENCLOSURE (RED OUTLINE) EXISTING BALCONY (DASHED RED OUTLINE) EEA - 8'-0" - 4'-0" - 4'-0" - 8'-0" - 3'-91/2" - 4'-2)„ - 8'-0" - 8'-0" - 4'-0" - 4'-0" - - - - 28'-0" - - - - - 10'-0" - / / / / / / / / / / / / / w z 0 I1 :(_t 4/A=0 • PLANTER ii -111-1i i r - I i . ■Zig - i1i EXISTING BALCONY (DASHED RED IIUTLINE) •I1 TRELLIS OVERHEAD rt r T III IT 711E i IIII -IIII T II7- 7111- III 1/111111 IMO El Iv+ IIII■i FOli 'II 11 EXISTING ENCLOSURE (RED IUTLINE) MMENCNE 1 OMNI NI 111M M IMRE FIREPLACE III 1 I 111 III rA: wwmA rpr �r r 1 1 1111 1111 1111 1111 1 Ill, 1 II' / / 1 BEDROOM 2 «r L 1■1 1■1 1 I IPC AL o I I BEV. CENTER 11 1 A.�� 1. MIM t ��II ■mown= LAUNDRY CHUTE ABOVE MB 7 -- Imo ler II■J / LIYIItJG CLOSFIT l L-11---� CD BUILT- STORG PEN,== ■ T 17 J --J DRYIER ,� I WASHER 1 r BATH PDR. .-1 Liar 1 _LL L----11- BUILT-IN SEATING RECLAIMED BAR PANTRY DIN I N -G— ROOM RECEPTION 1 UP L — — _1 L I L /A ////////// June 6, 2017 - Page 267 of 311 - A A PING PONG I 111111111. 11111 1111E111111 11 ■1. ■■■1i ■■W EXISTING ENCLOSURE (RED OUTLINE) EXISTING BALCONY (DASHED RED OUTLINE) Pr AMME 1- FAMILY ROOM 1-11 BUILT-IN BOOKCASE I STACK FREEZER REF W/D KITCHEN ■ UP o\o �000i oo EXISTING r A* ACE Ar. d. 11 1 BATH B ILT-IN DSK LIBRARY/ 0 O BEDIR00M 4 1•I —N -G1- // • • 1PROPOSED LEVEL 2 FLOOR PLAN W1111IIYYYYWI1111WIYIIY 1/4 = 1'-0" PROPOSED GRFA: 4,080 ft2 EXISTING ENCLOSURE (RED OUTLINE) PR POSED GFA: 4.0 OftZ TRELLIS OVERHEAD / J EXISTING BALCONY (DASHED RED OUTLINE) 0 10 11 12 0 0 16; TOWN OF VAIL USE co S. BIEKER 00400350 4240 Architecture Inc OWNEF ARCHITECT 4240 ARCHITECTURE 3507 RINGSBY CT. STUITE 117 DENVER, CO 80216 CIVIL ENGINEER LANDSCAPE ARCHITECT STRUCTURAL ENGINEER MEP ENGINEER LLI 4111 ALPINE ENGINEERING, INC. 34510 HIGHWAY 6 UNIT A-9 EDWARDS, CO 81632 SHERRY DORWARD P.O. BOX 3766 VAIL, CO 81658 MONROE NEWELL 70 BENCHMARK RD. SUITE 204 AVON, CO 81620 DMCE ENGINEERING 5737 6TH AVE. LAKEWOOD, CO 80214 311 BRIDGE STREET LO CO 39°38'24"N 106°22'25"W PEC SUBMITTAL #1 rev. 01 PEC SUBMITTAL #1 PEC PROGRESS SET PEC PROGRESS SET SD PRICING CONCEPT DEVELOPMENT ToV CONCEPT OVERVIEW CONCEPT STUDY CONCEPT STUDY 2017-04-11 2017-04-10 2017-04-06 2017-03-27 2017-02-22 2017-02-02 2017-01-30 2017-01-16 2016-12-30 1SS.# DESCRIPTION DATE PROJECT NO.: 21074.00 PROPOSED LEVEL 2 FLOOR PLAN A102 C C C J 0 EEA 8'-0" 4'-0" 4'-0" 8'-0" 3'-9Y2" 4'-2)„ 8'-0„ 8'-0„ 4,-0„ 4,-0„ / / / / / / / / / / / 1 une 6, 2017 - Page 268 of 311 B ST ON OW rt 28'-0" 10'-0" CLOSET NEW STONE VENEER ON EXISTING CHIMNEY MASTER BATH Z J CLOSET LAUNDRY CHUTE SAUNA BATH EXISTING ENCLOSURE E), EXISTING BALCONY (SASHED RED OUTLINE) T11010 NEW STONE VENE R -ON EXISTING CHIMNEY EXISTING BALCONY (DASHED RED OUTLINE) EXISTING ENCLOSURE (RED OUTLINE) BALCONY BELOW L mom DOWN i111111 a EOM= O RFA: 590 ft2 NEW STONE EXISTING CH 111 VENEER ON IMNEY R BEL W L GRFA: 1,804 ft2 ROOF BELOW NORTHWEST BALCONY BELOW —----4—� n J O NORTH J PROPOSED LEVEL 3 FLOOR PLAN 11111111111111111111111111111111 1/4 = 1 -0" PROPOSED GRFA: 2,394 ft2 0 :4- :4- 10 11 12 14 EXISTING BALCONY (DA&HED RED OUTLINE) 0 :4- :4- 16 TOWN OF VAIL USE �Qv � r9O co D IAN O S. BIEKER 00400350 4240 Architecture I n c OWNEF ARCHITECT 4240 ARCHITECTURE 3507 RINGSBY CT. STUITE 117 DENVER, CO 80216 CIVIL ENGINEER LANDSCAPE ARCHITECT STRUCTURAL ENGINEER MEP ENGINEER K J H G E D C B A CD 4111 ALPINE ENGINEERING, INC. 34510 HIGHWAY 6 UNIT A-9 EDWARDS, CO 81632 SHERRY DORWARD P.O. BOX 3766 VAIL, CO 81658 MONROE NEWELL 70 BENCHMARK RD. SUITE 204 AVON, CO 81620 DMCE ENGINEERING 5737 6TH AVE. LAKEWOOD, CO 80214 311 BRIDGE STREET 39°38'24"N 106°22'25"W PEC SUBMITTAL #1 rev. 01 PEC SUBMITTAL #1 PEC PROGRESS SET PEC PROGRESS SET SD PRICING CONCEPT DEVELOPMENT ToV CONCEPT OVERVIEW CONCEPT STUDY CONCEPT STUDY 2017-04-11 2017-04-10 2017-04-06 2017-03-27 2017-02-22 2017-02-02 2017-01-30 2017-01-16 2016-12-30 ISS.# DESCRIPTION DATE PROJECT NO.: 21074.00 PROPOSED LEVEL 3 FLOOR PLAN A103 o LINE OF WALL BELOW, TYP. 6A PORTION OF OOF33' OR GREATER ABOVE GRADE: � z) \2,56-7 ft2 MM EEA 8'-0" 4'-0" 4'-0" 8'-0" 3'-91/2" 4'-2Y2„ 8'-0„ ��•t'`•♦♦ ,.•. / / / / / / / / NEW CHIMNEY WITH STONE CAP / AA 8'-0" ENGINEERED SNOW FENCIN 4'-0" 4'-0" EXTEND EXISTING CHIMNEY HEIGHT TO MEET CODE REQUIREMENTS 33' OR RADE: 50 latip J 10'-0" ft2 ENGINERED SNOW FENCING 1:; UTLI AREA NE OF BU LDING COVERAGE (SOLID RED LINE)J 6,845ft ENNEENNENir 1•NENNENNENNEN,pommomittatemsrpmrAmpiME0 i 0Esumommo 0 mi 0 i 0 i 0 i 0 i 0 i 0an0 i 0 i Ward Ara I II d M- ,-"07-"A•EFAMENEME11111111111====kliMi•ErriA APAWA7VAMMENdel 11111111=1..................111=111111111111 0 /2 :1-2 • 111111111111111111111111111111111111111.1 mmillEmEMEMEMEMEMEMEM rm. 0_1 ow% • NM NENE NENE Ilidilammi- MMENNEMENIIMMENNIIMMENIAbms MNIEN1111111=1111mbimpli. MEM MIME NENE MI ,A.,_m_Es.mm MNIIIIMMENNIIMMENNIIMENionswamme EmommEmommEmown A.Amiimirway ion Eli% • • 114,1' ,w o; EXISTING CHI June 6, 2017 - Page 269 of 311 GROUP ROOF PENETRATION NORTHERN SIDE OF AWAY FROM SKI OPTIONAL AC U • • • • • • 10 11 16; 1c' NgtV GAS FIREPLACE FLUE 20 ENGINEERED SNOW FENCING PORTION OF ROOF 33' OR GREATER ABOVE GRADE: 48 ft2 RIDGE: ±123'-11 1 /4' NORTH 1PROPOSED ROOF PLAN WWII UIY1UIY111=1 1/4 = 1 -0" PROPOSED AREA ABOVE 33' IN HEIGHT 665-ft2 TOTAL BUILDING COVERAGE AREA: 6,845 ft2 TOWN OF VAIL USE V R Noy �� �oN o. cool 4240 Architecture I n c OWNEF ARCHITECT 4240 ARCHITECTURE 3507 RINGSBY CT. STUITE 117 DENVER, CO 80216 CIVIL ENGINEER LANDSCAPE ARCHITECT STRUCTURAL ENGINEER MEP ENGINEER CD 4111 ALPINE ENGINEERING, INC. 34510 HIGHWAY 6 UNIT A-9 EDWARDS, CO 81632 SHERRY DORWARD P.O. BOX 3766 VAIL, CO 81658 MONROE NEWELL 70 BENCHMARK RD. SUITE 204 AVON, CO 81620 DMCE ENGINEERING 5737 6TH AVE. LAKEWOOD, CO 80214 311 BRIDGE STREET DD PROGRESS PEC SUBMITTAL #1 PEC PROGRESS SET PEC PROGRESS SET CONCEPT STUDY 39°38'24"N 106°22'25"W 2017-04-14 2017-04-10 2017-04-06 2017-03-27 2016-12-30 ISS.# DESCRIPTION DATE PROJECT NO.: PROPOSED ROOF PLAN 21074.00 A104 OF ROOF, PORTION ��•t'`•♦♦ ,.•. ♦♦� GREATER ABOVE 6 33' OR RADE: 50 latip J 10'-0" ft2 ENGINERED SNOW FENCING 1:; UTLI AREA NE OF BU LDING COVERAGE (SOLID RED LINE)J 6,845ft ENNEENNENir 1•NENNENNENNEN,pommomittatemsrpmrAmpiME0 i 0Esumommo 0 mi 0 i 0 i 0 i 0 i 0 i 0an0 i 0 i Ward Ara I II d M- ,-"07-"A•EFAMENEME11111111111====kliMi•ErriA APAWA7VAMMENdel 11111111=1..................111=111111111111 0 /2 :1-2 • 111111111111111111111111111111111111111.1 mmillEmEMEMEMEMEMEMEM rm. 0_1 ow% • NM NENE NENE Ilidilammi- MMENNEMENIIMMENNIIMMENIAbms MNIEN1111111=1111mbimpli. MEM MIME NENE MI ,A.,_m_Es.mm MNIIIIMMENNIIMMENNIIMENionswamme EmommEmommEmown A.Amiimirway ion Eli% • • 114,1' ,w o; EXISTING CHI June 6, 2017 - Page 269 of 311 GROUP ROOF PENETRATION NORTHERN SIDE OF AWAY FROM SKI OPTIONAL AC U • • • • • • 10 11 16; 1c' NgtV GAS FIREPLACE FLUE 20 ENGINEERED SNOW FENCING PORTION OF ROOF 33' OR GREATER ABOVE GRADE: 48 ft2 RIDGE: ±123'-11 1 /4' NORTH 1PROPOSED ROOF PLAN WWII UIY1UIY111=1 1/4 = 1 -0" PROPOSED AREA ABOVE 33' IN HEIGHT 665-ft2 TOTAL BUILDING COVERAGE AREA: 6,845 ft2 TOWN OF VAIL USE V R Noy �� �oN o. cool 4240 Architecture I n c OWNEF ARCHITECT 4240 ARCHITECTURE 3507 RINGSBY CT. STUITE 117 DENVER, CO 80216 CIVIL ENGINEER LANDSCAPE ARCHITECT STRUCTURAL ENGINEER MEP ENGINEER CD 4111 ALPINE ENGINEERING, INC. 34510 HIGHWAY 6 UNIT A-9 EDWARDS, CO 81632 SHERRY DORWARD P.O. BOX 3766 VAIL, CO 81658 MONROE NEWELL 70 BENCHMARK RD. SUITE 204 AVON, CO 81620 DMCE ENGINEERING 5737 6TH AVE. LAKEWOOD, CO 80214 311 BRIDGE STREET DD PROGRESS PEC SUBMITTAL #1 PEC PROGRESS SET PEC PROGRESS SET CONCEPT STUDY 39°38'24"N 106°22'25"W 2017-04-14 2017-04-10 2017-04-06 2017-03-27 2016-12-30 ISS.# DESCRIPTION DATE PROJECT NO.: PROPOSED ROOF PLAN 21074.00 A104 o LINE OF WALL BELOW, TYP. MM EEA 8'-0" 4'-0" 4'-0" 8'-0" 3'-9Y2" 4'-2Y2„ 8'-0„ 10'-0" / / / / / / / / NEW CHIMNEY WITH STONE CAP AA 8'-0" ENGINEERED SNOW FENCIN 4'-0" 4'-0" EXTEND EXISTING CHIMNEY HEIGHT TO MEET CODE REQUIREMENTS A. A • AM • MME • 40MIE IIIMMENNEN MENNEMINEMEMEMEME.- MMINIMIIIIIMMENNEMIIMMENIpee. IMEMINEMINIMENIIAMEIIVE MAINIE MENNEN.= =MENEM= MENIIMMENNIIMMENNIINEW 11=11=111= =MENNEN MENAI! 1- MilEriiiMMEir EmmEm EmmEmmml 11 EXISTING CHI June 6, 2017 - Page 270 of 311 ROOF BELOW 1/4 :12 Mm PM El I I &MI6" AMU mMEIMP=ITNE % -- Mm Em mEm .11114 %on. %MU E.Emm %%E.. %Min.' I Mdi %W.% hag: EiNEEM minim! 1.0%. %Ilk I Mm.1111m NAME ENEPAINIE11% I El II 11111111111 Tilmortip11.• 1.0%. m•-••- •-•01%-••1 iiiibitnia %-••-••ENE ••-• •90••-•ir %%m00% •ilftmftmft- %ma% %pool � r -i RIDGE: _123'-111/4" .:. 0mm GROUP ROOF PENETRATION NORTHERN SIDE OF AWAY FROM SKI OPTIONAL AC U EXISTING /2 : 2 ENGINEERED SNOW FENCING CO - 3 1/2 :12 N 3-1/2 CL 0 10 11 12 16; 1c' NgtV GAS FIREPLACE FLUE 20 ENGINEERED SNOW FENCING W 31/21-2-= 0 0 cL /2 NORTH +1 \ IPROPOSED ROOF PLAN 1111111111111111111111111111111111111111 1/4 = 1 -0 N TOWN OF VAIL USE 0 Not FR �� oo N o cool R� 424o Architecture I n c OWNEF ARCHITECT CIVIL ENGINEER LANDSCAPE ARCHITECT STRUCTURAL ENGINEER MEP ENGINEER L J H G A CD 4111 J J 4240 ARCHITECTURE 3507 RINGSBY CT. STUITE 117 DENVER, CO 80216 ALPINE ENGINEERING, INC. 34510 HIGHWAY 6 UNIT A-9 EDWARDS, CO 81632 SHERRY DORWARD P.O. BOX 3766 VAIL, CO 81658 MONROE NEWELL 70 BENCHMARK RD. SUITE 204 AVON, CO 81620 DMCE ENGINEERING 5737 6TH AVE. LAKEWOOD, CO 80214 311 BRIDGE STREET DD PROGRESS PEC SUBMITTAL #1 PEC PROGRESS SET PEC PROGRESS SET CONCEPT STUDY 39°38'24"N 106°22'25"W 2017-04-14 2017-04-10 2017-04-06 2017-03-27 2016-12-30 ISS.# DESCRIPTION DATE PROJECT NO.: PROPOSED ROOF PLAN 21074.00 A104 28'-0" 10'-0" A. A • AM • MME • 40MIE IIIMMENNEN MENNEMINEMEMEMEME.- MMINIMIIIIIMMENNEMIIMMENIpee. IMEMINEMINIMENIIAMEIIVE MAINIE MENNEN.= =MENEM= MENIIMMENNIIMMENNIINEW 11=11=111= =MENNEN MENAI! 1- MilEriiiMMEir EmmEm EmmEmmml 11 EXISTING CHI June 6, 2017 - Page 270 of 311 ROOF BELOW 1/4 :12 Mm PM El I I &MI6" AMU mMEIMP=ITNE % -- Mm Em mEm .11114 %on. %MU E.Emm %%E.. %Min.' I Mdi %W.% hag: EiNEEM minim! 1.0%. %Ilk I Mm.1111m NAME ENEPAINIE11% I El II 11111111111 Tilmortip11.• 1.0%. m•-••- •-•01%-••1 iiiibitnia %-••-••ENE ••-• •90••-•ir %%m00% •ilftmftmft- %ma% %pool � r -i RIDGE: _123'-111/4" .:. 0mm GROUP ROOF PENETRATION NORTHERN SIDE OF AWAY FROM SKI OPTIONAL AC U EXISTING /2 : 2 ENGINEERED SNOW FENCING CO - 3 1/2 :12 N 3-1/2 CL 0 10 11 12 16; 1c' NgtV GAS FIREPLACE FLUE 20 ENGINEERED SNOW FENCING W 31/21-2-= 0 0 cL /2 NORTH +1 \ IPROPOSED ROOF PLAN 1111111111111111111111111111111111111111 1/4 = 1 -0 N TOWN OF VAIL USE 0 Not FR �� oo N o cool R� 424o Architecture I n c OWNEF ARCHITECT CIVIL ENGINEER LANDSCAPE ARCHITECT STRUCTURAL ENGINEER MEP ENGINEER L J H G A CD 4111 J J 4240 ARCHITECTURE 3507 RINGSBY CT. STUITE 117 DENVER, CO 80216 ALPINE ENGINEERING, INC. 34510 HIGHWAY 6 UNIT A-9 EDWARDS, CO 81632 SHERRY DORWARD P.O. BOX 3766 VAIL, CO 81658 MONROE NEWELL 70 BENCHMARK RD. SUITE 204 AVON, CO 81620 DMCE ENGINEERING 5737 6TH AVE. LAKEWOOD, CO 80214 311 BRIDGE STREET DD PROGRESS PEC SUBMITTAL #1 PEC PROGRESS SET PEC PROGRESS SET CONCEPT STUDY 39°38'24"N 106°22'25"W 2017-04-14 2017-04-10 2017-04-06 2017-03-27 2016-12-30 ISS.# DESCRIPTION DATE PROJECT NO.: PROPOSED ROOF PLAN 21074.00 A104 TOP OF EXISTING PEAK_ EL. 132'- 4 3/8" STAINED RUSTIC WOOD LAP SIDING W/ LIVE EDGE, TYP. DECORATIVE WOOD BALCONY RAILING ROOF PROFILE STEPS AT FACE OF WALL FOR INSULATION ABOVE ROOF DECK PREPATINATED COPPER TOP OF EXIMI0NIIMP. EL. 122'- 8" L2.5 FINISH FLOOR EL. 119'- 11" STAINED RAFTER TAILS, PURLINS, & ROOF DECK STAINED TIMBER TRELLIS STAINED TIMBER LINTEL, TYP. WHITE STUCCO FINISH STAINED WOOD BALCONY RAILING W/ DECORATIVE CUT-OUT PATTERN, TYP. POTENTIAL BLADE SIGN LOCATION STAINED TIMBER LINTEL BETWEEN SHOP & STUCCO ABOVE, TYP. TOP OF EXISTING PEAK EL. 122'- 8" CLAD WOOD WINDOWS, TYP. STAINED TIMBER COLUMNS, TYP. STONE COLUMN BASE, TYP. 43' OFFSET FROM PROPOSED/EXISTING GRADE (WHICHEVER IS LOWER) 33' OFFSET FROM PROPOSED/EXISTING GRADE (WHICHEVER IS LOWER) 1 u1� 3'-8' 5'-0" 1 !ate 1111 niiN DS ( 5'-0" STAINED CUSTOM SOLID WOOD SECONDARY ENTRY DOOR TO RESIDENCE PREPATINATED COPPER DOWNSPOUT TO STORM SEWER, TYP. 3'-8" " LEVEL 1 FINISH FLOOR TO RIDGE PREPATINATED COPPER FLASHING PREPATINATED LOW -PROFILE COPPER FASCIA, TYP. PREPATINATED COPPER HALF -ROUND GUTTERS, TYP. STAINED TIMBER RAFTERS, PURLINS, EXPOSED DECKING, AND FRAME, TYP. STAINED WOOD BALCONY RAILING W/ DECORATIVE CUT-OUT PATTERN, TYP. WOOD BALCONY RAILING BEYOND STAINED RUSTIC WOOD LAP SIDING W/ LIVE EDGE, TYP. „IIt� ir�T��l =um /11 P.M 14711 STAINED WOOD DOORS TO RELOCATED TRASH STORAGE AREA STAINED CUSTOM SOLID WOOD SECONDARY ENTRY DOOR TO BASEMENT 11'-4" PROJECTING STAINED TIMBER SILL A`� e �� /i.111731=11..11 STAINED WD COLUMNS BETWEEN WINDOWS STAINED WOOD LINTEL SOLID STONE COLUMN BASE Z =I1Ws��'Zpp 4'-8" 43' OFFSET FROM PROPOSED/EXISTING GRADE 11 iM111111111 Imo_ STAINED EXPOSED BALCONY BEAMS & PURLINS, TYP. STAINED TIMBER FRAME STAINED TIMBER TRELLIS BEYOND STONE CAP ON STUCCO GUARDRAILS NEW STONE CLADDING ON EXISTING CHIMNEY BEYOND EX. ELEC. SERVICE CLOSET BEYOND - WINDOW BEYOND PROPOSED GRADE & RELOCATED RETAINING WALL (RE: SITE PLAN) EXISTING GRADE (DASHED) `■I■■I■I■ ■I■wmff4111■■ ■1■ ■■ ■1■ ■1■I■;;■ ■i■ ■i■ ■i■ ■i■ ■i■ ■i■ ■■ ■■■�■i■ ■i■ ■I■ 111 J L 11111 11f / C 1( I� \� �r 2 i( \ N N DI )/ �l / 71 n ( 5'-0" STAINED CUSTOM SOLID WOOD SECONDARY ENTRY DOOR TO RESIDENCE PREPATINATED COPPER DOWNSPOUT TO STORM SEWER, TYP. 3'-8" " LEVEL 1 FINISH FLOOR TO RIDGE PREPATINATED COPPER FLASHING PREPATINATED LOW -PROFILE COPPER FASCIA, TYP. PREPATINATED COPPER HALF -ROUND GUTTERS, TYP. STAINED TIMBER RAFTERS, PURLINS, EXPOSED DECKING, AND FRAME, TYP. STAINED WOOD BALCONY RAILING W/ DECORATIVE CUT-OUT PATTERN, TYP. WOOD BALCONY RAILING BEYOND STAINED RUSTIC WOOD LAP SIDING W/ LIVE EDGE, TYP. „IIt� ir�T��l =um /11 P.M 14711 STAINED WOOD DOORS TO RELOCATED TRASH STORAGE AREA STAINED CUSTOM SOLID WOOD SECONDARY ENTRY DOOR TO BASEMENT 11'-4" PROJECTING STAINED TIMBER SILL A`� e �� /i.111731=11..11 STAINED WD COLUMNS BETWEEN WINDOWS STAINED WOOD LINTEL SOLID STONE COLUMN BASE Z =I1Ws��'Zpp 4'-8" 43' OFFSET FROM PROPOSED/EXISTING GRADE 11 iM111111111 Imo_ STAINED EXPOSED BALCONY BEAMS & PURLINS, TYP. STAINED TIMBER FRAME STAINED TIMBER TRELLIS BEYOND STONE CAP ON STUCCO GUARDRAILS NEW STONE CLADDING ON EXISTING CHIMNEY BEYOND EX. ELEC. SERVICE CLOSET BEYOND - WINDOW BEYOND PROPOSED GRADE & RELOCATED RETAINING WALL (RE: SITE PLAN) EXISTING GRADE (DASHED) `■I■■I■I■ ■I■wmff4111■■ ■1■ ■■ ■1■ ■1■I■;;■ ■i■ ■i■ ■i■ ■i■ ■i■ ■i■ ■■ ■■■�■i■ ■i■ ■I■ 111 J L 11111 11f (WHICHEVER IS LOWER STAINED WOOD COLUMNS, INSET PANEL, AND TRIM ON STAIR TOWER STONE CHIMNEY CAP, TYP. STONE CORNER COLUMNS AT CHIMNEY CAPS, TYP. 33' OFFSET FROM PROPOSED/EXISTING GRADE WHICHEVER IS LOWER STONE CLADDING AT ALL EXISTING CHIMNEYS, TYP. 4, EL. 137'- 3 1/4" STONE CHIMNEY CAP, TYP. ESTIMATED TOP OF EXISTING CHIMNEY EL. 139'- 9" TOP OF EXISTING PEAK PREPATINATED COPPER HALF -ROUND GUTTER, TYP. STAINED RAFTER TAILS, PURLINS, & ROOF DECK STONE CLADDING ON NEW CHIMNEY BEYOND STAINED RUSTIC WOOD LAP SIDING W/ LIVE EDGE, TYP. STAINED WOOD BALCONY RAILING BEYOND W/ DECORATIVE CUT-OUT PATTERN, TYP. L3 FINISH FLOOR EL. 124'- 2" -° EL. 109'- 9" STAINED RAFTER TAILS, PURLINS, & ROOF DECK BAY WINDOW TUCKED UNDER EAVE, TYP. OF (2) STAINED RUSTIC WOOD LAP SIDING W/ LIVE EDGE, TYP. WOOD CLAD DOOR BEYOND L2 FINISH FLOOR 0 EL. 109'- 4 5/8" L2 TOP OF PLYWOOD 4, EL. 137'- 3 1/4" BALCONY BEYOND WHITE STUCCO FINISH NEW STONE CLADDING AT EXISTING CHIMNEY BEYOND FUTURE BLADE SIGN LOCATIONS CENTERED ON COLUMNS L1 FINISH FLOOR EL. 100'- 2" L1 TOP OF PLYWOOD EL. 100'- 0" 2 PROPOSED NORTH ELEVATION iiimYIYYYIYY mig 1/4 = 1 -0" ESTIMATED TOP OF EXISTING CHIMNEY EL. 139'- 9" TOP OF EXISTING PEAK 0 EL. 132'- 4 3/8" TOP OF EXISTING PEAK L3 FINISH FLOOR WS HE 1111111:11111111111111:1111:111111111111111111111111111111111111111111111111111111111111 ''"E' June 6, 2017 - Page 271 of 311 PLANTING BED BETWEEN MONUMENT WALL AND SOUTH FACADE OF HILL BLDG., RE: SITE PLAN WHITE STUCCO FINISH STAINED TIMBER LINTEL, TYP. SOUTH -FACING DISPLAY VITRINE, RE: PLANS PARTIAL HEIGHT STONE WALL AT ENTRY COURT EAST BALCONY RAILING EXTENDED EAST -FACING BAY WINDOW, RE: PLANS 0 EL. 109'- 4 5/8" EL. 124'- 2" ROOF PROFILE STEPS AT FACE OF WALL FOR INSULATION ABOVE ROOF DECK PREPATINATED COPPER ROOFING, TYP. STAINED RAFTER TAILS, PURLINS, & ROOF DECK STAINED TIMBER TRELLIS BEYOND WHITE STUCCO SIDING PREPATINATED COPPER DOWNSPOUT, TYP. STAINED WOOD BALCONY RAILING W/ DECORATIVE CUT-OUT PATTERN, TYP. L2 FINISH FLOOR EL. 109'- 9" L2 TOP OF PLYWOOD STUCCO FINISH AT EXISTING BRICK AREAS INTERNAL DOWNSPOUT RECESSED STONE BASE, TYP. AT STUCCO WALLS L1 FINISH FLOOR EL. 100'- 2" L1 TOP OF PLYWOOD EL. 100'- 0" 1PROPOSED SOUTH ELEVATION W11111WWIYWWWI U111 1/4 = 1 -0" TOWN OF VAIL USE V R o1 �c� Cool R 424o Architecture I n c OWN& ARCHITECT 4240 ARCHITECTURE 3507 RINGSBY CT. STUITE 117 DENVER, CO 80216 CIVIL ENGINEER LANDSCAPE ARCHITECT STRUCTURAL ENGINEER MEP ENGINEER M L J H G CD ALPINE ENGINEERING, INC. 34510 HIGHWAY 6 UNIT A-9 EDWARDS, CO 81632 SHERRY DORWARD P.O. BOX 3766 VAIL, CO 81658 MONROE NEWELL 70 BENCHMARK RD. SUITE 204 AVON, CO 81620 DMCE ENGINEERING 5737 6TH AVE. LAKEWOOD, CO 80214 311 BRIDGE STREET 39°38'24"N 106°22'25"W PEC / DRB SUPPLEMENT DD PROGRESS PEC SUBMITTAL #1 PEC PROGRESS SET PEC PROGRESS SET 2017-05-15 2017-04-14 2017-04-10 2017-04-06 2017-03-27 ISS.# DESCRIPTION DATE PROJECT NO.: 21074.00 PROPOSED ELEVATIONS A201 C 1( I� \� �r \\ i( DI )/ �l I(�� 71 n -� ____1C11 I/ l� DI Il (WHICHEVER IS LOWER STAINED WOOD COLUMNS, INSET PANEL, AND TRIM ON STAIR TOWER STONE CHIMNEY CAP, TYP. STONE CORNER COLUMNS AT CHIMNEY CAPS, TYP. 33' OFFSET FROM PROPOSED/EXISTING GRADE WHICHEVER IS LOWER STONE CLADDING AT ALL EXISTING CHIMNEYS, TYP. 4, EL. 137'- 3 1/4" STONE CHIMNEY CAP, TYP. ESTIMATED TOP OF EXISTING CHIMNEY EL. 139'- 9" TOP OF EXISTING PEAK PREPATINATED COPPER HALF -ROUND GUTTER, TYP. STAINED RAFTER TAILS, PURLINS, & ROOF DECK STONE CLADDING ON NEW CHIMNEY BEYOND STAINED RUSTIC WOOD LAP SIDING W/ LIVE EDGE, TYP. STAINED WOOD BALCONY RAILING BEYOND W/ DECORATIVE CUT-OUT PATTERN, TYP. L3 FINISH FLOOR EL. 124'- 2" -° EL. 109'- 9" STAINED RAFTER TAILS, PURLINS, & ROOF DECK BAY WINDOW TUCKED UNDER EAVE, TYP. OF (2) STAINED RUSTIC WOOD LAP SIDING W/ LIVE EDGE, TYP. WOOD CLAD DOOR BEYOND L2 FINISH FLOOR 0 EL. 109'- 4 5/8" L2 TOP OF PLYWOOD 4, EL. 137'- 3 1/4" BALCONY BEYOND WHITE STUCCO FINISH NEW STONE CLADDING AT EXISTING CHIMNEY BEYOND FUTURE BLADE SIGN LOCATIONS CENTERED ON COLUMNS L1 FINISH FLOOR EL. 100'- 2" L1 TOP OF PLYWOOD EL. 100'- 0" 2 PROPOSED NORTH ELEVATION iiimYIYYYIYY mig 1/4 = 1 -0" ESTIMATED TOP OF EXISTING CHIMNEY EL. 139'- 9" TOP OF EXISTING PEAK 0 EL. 132'- 4 3/8" TOP OF EXISTING PEAK L3 FINISH FLOOR WS HE 1111111:11111111111111:1111:111111111111111111111111111111111111111111111111111111111111 ''"E' June 6, 2017 - Page 271 of 311 PLANTING BED BETWEEN MONUMENT WALL AND SOUTH FACADE OF HILL BLDG., RE: SITE PLAN WHITE STUCCO FINISH STAINED TIMBER LINTEL, TYP. SOUTH -FACING DISPLAY VITRINE, RE: PLANS PARTIAL HEIGHT STONE WALL AT ENTRY COURT EAST BALCONY RAILING EXTENDED EAST -FACING BAY WINDOW, RE: PLANS 0 EL. 109'- 4 5/8" EL. 124'- 2" ROOF PROFILE STEPS AT FACE OF WALL FOR INSULATION ABOVE ROOF DECK PREPATINATED COPPER ROOFING, TYP. STAINED RAFTER TAILS, PURLINS, & ROOF DECK STAINED TIMBER TRELLIS BEYOND WHITE STUCCO SIDING PREPATINATED COPPER DOWNSPOUT, TYP. STAINED WOOD BALCONY RAILING W/ DECORATIVE CUT-OUT PATTERN, TYP. L2 FINISH FLOOR EL. 109'- 9" L2 TOP OF PLYWOOD STUCCO FINISH AT EXISTING BRICK AREAS INTERNAL DOWNSPOUT RECESSED STONE BASE, TYP. AT STUCCO WALLS L1 FINISH FLOOR EL. 100'- 2" L1 TOP OF PLYWOOD EL. 100'- 0" 1PROPOSED SOUTH ELEVATION W11111WWIYWWWI U111 1/4 = 1 -0" TOWN OF VAIL USE V R o1 �c� Cool R 424o Architecture I n c OWN& ARCHITECT 4240 ARCHITECTURE 3507 RINGSBY CT. STUITE 117 DENVER, CO 80216 CIVIL ENGINEER LANDSCAPE ARCHITECT STRUCTURAL ENGINEER MEP ENGINEER M L J H G CD ALPINE ENGINEERING, INC. 34510 HIGHWAY 6 UNIT A-9 EDWARDS, CO 81632 SHERRY DORWARD P.O. BOX 3766 VAIL, CO 81658 MONROE NEWELL 70 BENCHMARK RD. SUITE 204 AVON, CO 81620 DMCE ENGINEERING 5737 6TH AVE. LAKEWOOD, CO 80214 311 BRIDGE STREET 39°38'24"N 106°22'25"W PEC / DRB SUPPLEMENT DD PROGRESS PEC SUBMITTAL #1 PEC PROGRESS SET PEC PROGRESS SET 2017-05-15 2017-04-14 2017-04-10 2017-04-06 2017-03-27 ISS.# DESCRIPTION DATE PROJECT NO.: 21074.00 PROPOSED ELEVATIONS A201 n� mmE /A w rnrn / LIl E Lil ____ n� rnrn :02 AM FILEPATH: P:\2000-2099\2047\Drawings\2047T C3D.dwg PLOTTED BY: Kevin ON: Thursday, September 01, 2016 AT: 1 RIM ELEV: 8178.74 --8179'-- co8178.85.--n A- 8179.1' 8179.2' / RIM ELEV: 8179.18 + 179.7' / / / / FF=8179.9' FF=8179.9' \ BOULDER WALL \ Con RIM ELEV:-" 8179.63 RIM ELEV:---Z 8180.24 RIM ELEV:-/P 8180.31 LEV:- 8180.31 (5'O• RIM ELEV: 8179.99 8180.2' c 8179.9' BENCHMARK VIEW POINT #4 ELEV: 8179.60' Go + 8179.9' 80.0' 8180.0' RIM ELEV: 8179.96 LOT K _ - &. EGRESS EASEMENT INGRESS (BOOK 225' PAGE + 8179.9' ) W9.2601" g8.01' 8179.7' 8179.4' / 8179.5' + 8179.3' + 8179.2! + 817'12' 8178.7' + 8178.8' 0 GRATEINLET RIMELEV: 8178.20 RIM ELEV: 8178.33 RIM ELEV: 8178.43 + 8178.4' �o� C RIM ELEV: 8178.84 STAIRS 0 s o cfi 9 A 78.9' -8179°- RIM 179'- RIM ELEV: 8179.04 RIM ELEV: 8179.44 8180.0' 8179.9' j188l 9.9' +8180.1' 1 0 co (.9v izo m� ��r� z-3 mrn� rn o 3 \ \ / Z -In -G z 0 + 8180.0' I- i - °' AREA OF APPARENT I EXCEPTION TO 2.8 _ INGRESS/EGRESS EASEMENT (BOOK 225, PAGE 401) 8180.3' 81719.9' 8181.3' 0 oo 80.5' BRIC WALL Lr8 8180.6' 8181.2' I I RIM ELEV: 8180.68 8181, + 8180.1' 8 79.9' 0 0 37 7 8180.4' 8180.4' GRATE INLET RIM ELEV: 8180.25 , + 8179.2' RIM ELEV: 8179.19 8180.1' 1- 8180.1' / / / / /7/ UTILITY VAULT RIM ELEV: 8179.50 + 8179.7' UTILITY VAULT 8178.7' , ��- 8179.0' + 8179.2' / + 8179.3' + 8179.9' UTILITY VAULT 8180.1' 8180.2' + 817@.9' \ Q- _,....--- / + 8180.1' GRATE INLET RIM ELEV: 8180.07 / J / JP�0-\\R1 a 871;(7).-.9".' 8181.1' FF=8181.1' 8181.0' PORTION OF LOT C LOT C-1 \RRECEPTION Now 562007 Nco \ I STAIRS + 8180.2' \ N Y6 CORNER SEC. 7 AND SEC. 8 FOUND 3Y4" ALUMINUM CAP ON 2" STEEL POST (B.L.M.) \ 8179.9' 8180.5' BOULDER WALL 8180.5' 8180.9' + 8180.7' + 8180.5' 8181. + 8180.6' 8181.0' \ \\ \ \ FF=8182.2 \ + 8180.8' + 8181.0' + 8180.6' 8181.4' 318 to' 1 8181.4' 1 8181.9'4- -I- 181.9' + 8181.6' 8181.9' 8183.0' 8182.1' 8182.0' 8182.3' 8182.2' STONE WALL 8182.7' 8182.8' 8183.6' STONE WALL MEMORIAL PLAQUE 8182.7' TRACT A FRONT DOOR LODGE AND RESORT + 8182.5' 8182.9' 8182.5' 8184' + 8182.9' BOULDERS N89'43'59"W 68.84' (BASIS OF BEARINGS) 8182.4' 8182.2' STONE WALL NW k6 CORNER SEC. 8 FOUND 2" BRASS CAP EPDXIED IN CONCRETE WALK (MATCHES MONUMENT RECORD FILED OCTOBER 15, 2000) --- ---- 8183' \ 8184.3' \ \ \ FF=8181.1' O + 8180.4' RIM ELEV: 8180.55 8180.9' 8180.9' - -13181.1' 8181.1' T18 .1' + :1.0' FF=8181.1' 8180.4' 8180.8' 7 7 7 UTILITY VAULT RIM ELEV: 8180.31 =8181.2' , , RIM ELEV: 8180.30 UTILITY VAULT RIM ELEV: 8180.57 / 8 8181;14 8181.0' , / ,q;\�1 / , 8181.1' GOLDEN PEAK HOUSE AKA BRIDGE STREET LOUNGE / / 8181.0' FF=8181.1' \ TRACT E \VAIL VILLAGE FIFTH FILING Curve Table Curve Number Central Angle Radius Arc Length Chord Bearing and Distance ELECTRIC METER IEMI TELEPHONE PEDESTAL III 0 STORM SEWER MANHOLE ® ELECTRIC MANHOLE 10 SANITARY SEWER MANHOLE C.<1 WATER VALVE ce° GRAPHIC SCALE 10 0 5 10 20 1 inch = 10 ft. LEGEND 0 LIGHT POLE ES1 ELECTRIC BOX ELECTRIC METER IEMI TELEPHONE PEDESTAL III 0 STORM SEWER MANHOLE ® ELECTRIC MANHOLE 10 SANITARY SEWER MANHOLE C.<1 WATER VALVE ce° FIRE HYDRANT © UNKNOWN MANHOLE ® WATER MANHOLE IWMI CURB STOP r=o= IRRIGATION CONTROL VALVE GV N GAS VALVE IGMI GAS METER GRATE INLET ' GENERAL NOTES 1. DATE OF TOPOGRAPHY JUNE 16, 2016. 2. PROJECT BENCHMARK: HARN CONTROL POINT ''SPRADDLE'', 3. BASIS OF BEARINGS: THE LINE FORMED BETWEEN THE FOUND MONUMENTS FORMING THE NORTH LINE OF THE SOUTHWEST QUARTER OF THE NORTHWEST QUARTER OF SECTION 8, TOWNSHIP 5 SOUTH, RANGE 80 WEST OF THE 6TH PRINCIPAL MERIDIAN BEING N89°43'59"W (STATE PLANE COORDINATES) AS SHOWN HEREON. VAIL VILLAGE FIRST FILING (PLAT) BEING S89'44'W. ROTATION = + 00°32'01". LODGE SOUTH CONDOMINIUM MAP S89'41'50"W, ROTATION = + 00'34'11". 4. LINEAL UNITS OF MEASUREMENTS SHOWN ARE GIVEN IN US SURVEY FOOT. 5. PEAK LAND CONSULTANTS, INC. DID NOT PERFORM A TITLE SEARCH OF THE SUBJECT PROPERTY TO ESTABLISH OWNERSHIP, EASEMENTS OR RIGHTS-OF-WAY OF RECORD. RECORD DOCUMENTS UTILIZED IN THIS IMPROVEMENT SURVEY PLAT WERE PROVIDED BY LAND TITLE GUARANTEE COMPANY, ORDER No. 50044164, DATED JUNE 6, 2016, AT 5: 00 P.M 6. TRACT IS SUBJECT TO EASEMENTS, CONDITIONS, COVENANTS, RESTRICTIONS, RESERVATIONS AND NOTES ON THE PLAT OF VAIL VILLAGE FILING NO. 1 RECORDED AUGUST 6, 1962 UNDER RECEPTION NO. 96382 7. TRACT IS SUBJECT TO RESTRICTIVE COVENANTS WHICH DO NOT CONTAIN A FORFEITURE OR REVERTER CLAUSE, BUT OMITTING ANY COVENANTS OR RESTRICTIONS, IF ANY, BASED UPON RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, FAMILIAL STATUS, MARITAL STATUS, DISABILITY, HANDICAP, NATIONAL ORIGIN, ANCESTRY, OR SOURCE OF INCOME, AS SET FORTH IN APPLICABLE STATE OR FEDERAL LAWS, EXCEPT TO THE EXTENT THAT SAID COVENANT OR RESTRICTION IS PERMITTED BY APPLICABLE LAW, AS CONTAINED IN INSTRUMENT RECORDED AUGUST 10, 1962, IN BOOK 174 AT PAGE 179 AND AS AMENDED IN INSTRUMENT RECORDED AUGUST 30, 1971 IN BOOK 221 AT PAGE 492. 8. TRACT IS SUBJECT TO TERMS, CONDITIONS AND PROVISIONS OF AGREEMENT RECORDED SEPTEMBER 15, 1972 IN BOOK 225 AT PAGE 401 9. TRACT IS SUBJECT TO TERMS, CONDITIONS AND PROVISIONS OF APPLICATION FOR REVOCABLE PERMIT TO ERECT OR MAINTAIN A STRUCTURE ON A PUBLIC RIGHT OF WAY RECORDED JULY 07, 1993 IN BOOK 613 AT PAGE 210. 10. TRACT IS SUBJECT TO ANY FACTS, RIGHTS, INTERESTS OR CLAIMS WHICH MAY EXIST OR ARISE BY REASON OF THE FOLLOWING FACTS SHOWN ON THE CONDOMINIUM MAP OF THE HILL BUILDING RECORDED FEBRUARY 7, 2002 RECEPTION NO. 785474 AND RECORDED MARCH 6, 2002 RECEPTION NO. 788301: A. PLANTERS AND BUILDING OVERHANGS EXTEND INTO THE BRIDGE STREET RIGHT OF WAY. (AS SHOWN) B. BUILDING SITUATED PARTIALLY IN 10' UTILITY EASEMENT CREATED BY THE PLAT OF VAIL VILLAGE, FIRST FILING. (AS 11. TRACT IS SUBJECT TO THOSE PROVISIONS, COVENANTS AND CONDITIONS, EASEMENTS, AND RESTRICTIONS, WHICH ARE A BURDEN TO THE CONDOMINIUM UNIT DESCRIBED IN SCHEDULE A, AS CONTAINED IN INSTRUMENT RECORDED FEBRUARY 07, 2002, UNDER RECEPTION NO. 785475 12. TRACT IS SUBJECT TO TEN FOOT EASEMENT OF INGRESS AND EGRESS FOR PEDESTRIAN AND VEHICULAR TRAFFIC AS RESERVED BY VAIL ASSOCIATES, INC. IN WARRANTY DEED RECORDED NOVEMBER 15, 1972 IN BOOK 233 AT PAGE 115 13. NOTICE: ACCORDING TO COLORADO LAW YOU MUST COMMENCE ANY LEGAL ACTION BASED UPON ANY DEFECT IN THIS SURVEY WITHIN THREE YEARS AFTER YOU FIRST DISCOVER SUCH DEFECT. IN NO EVENT, MAY ANY ACTION BASED UPON ANY DEFECT IN THIS SURVEY BE COMMENCED MORE THAN TEN YEARS FROM THE DATE OF CERTIFICATION SHOWN HEREON. SURVEYOR'S CERTIFICATE 1, BRENT BIGGS, A PROFESSIONAL LAND SURVEYOR REGISTERED UNDER THE LAWS OF THE STATE OF COLORADO, DO HEREBY CERTIFY THAT THIS TOPO.GR:1H.:1MAI P3 i.W. AikeS lik MADE BY ME AND UNDER MY SUPERVISION, AND THAT THE MAP IS ACCURATE AND CORRECT TO THE BEST OF MY KNOWLEDGE. 4./.7..\\((e.‘j IIC '(j: 0/3:::1 g 1 1k DATE: ,,...?i572.:;2.8016 • (/ BRENT BIGGS COLORADO P.L.S. No. 27598 FOR & ON BEHALF OF PEAK LAND CONSULTANTS, INC. TOPOGRAPHIC SURVEY OF THE HILL BUILDING TOWN OF VAIL, EAGLE COUNTY, STATE OF COLORADO DRAWN BY: KMJ CHECKED BY: BB PLC JOB NO.: 2 047 SHEET 1 OF 1 PEAK LAND CONSULTANTS, INC. PH: (970)476-8644 FAX: (970)476-8616 1000 UON S RIDGE LOOP, SUITE 1D VAIL, CO 81657 June 6, 2017 - Page 273 of 311 TOWN OF VAIL USE 424o Architecture Inc ARCHITE CIVIL ENGINEER LANDSCAPE ARCHITECT STRUCTURAL ENGINEER MEP ENGINEER LLI 4240 ARCHITECTURE 3507 RINGSBY CT. STUITE 117 DENVER, CO 80216 ALPINE ENGINEERING, INC. 34510 HIGHWAY 6 UNIT A-9 EDWARDS, CO 81632 SHERRY DORWARD P.O. BOX 3766 VAIL, CO 81658 MONROE NEWELL 70 BENCHMARK RD. SUITE 204 AVON, CO 81620 DMCE ENGINEERING 5737 6TH AVE. LAKEWOOD, CO 80214 311 BRIDGE STREET CO CO LO PEC SUBMITTAL #1 rev. 01 2017-04-11 PEC SUBMITTAL #1 2017-04-10 PEC PROGRESS SET 2017-04-06 PEC PROGRESS SET 2017-03-27 ISS.# DESCRIPTION DATE PROJECT NO.: 21074.00 SURVEY C 0 0 1 OA RESERVED FOR SIGNAGE IMAGES OA RESERVED FOR SIGNAGE IMAGES OA RESERVED FOR SIGNAGE IMAGES G WALL -MOUNTED STEP LIGHT EXAMPLES OK INTEGRATED UPLIGHTING EXAMPLES DECORATIVE SCONCE LIGHTING EXAMPLES June 6, 2017 - Page 274 of 311 /& I PROPOSED LIGHTING PLAN ® YIWWWYIWWWYIWWWYIWWW 1 / 8 " = 1 ' - 0 LIGHTING LEGEND OA RESERVED FOR SIGNAGE PLAN © RESERVED FOR SIGNAGE PLAN © RESERVED FOR SIGNAGE PLAN OD RESERVED FOR SIGNAGE PLAN OE RETAIL DISPLAY VITRINE. SIGNAGE & ILLUMINATION SIMILAR TO ITEM 'D' ABOVE. ILLUMINATION BY CONCEALED FLUSH -MOUNTED INDIRECT SPOTS. OF SOFT WALL WASHER INTEGRATED WITH BALCONY ABOVE (SEMI-CONCELEALED BY SUPPORTING BEAMS & BRACKETS). © CONCEALED STEP LIGHT, FLUSH -MOUNTED IN STONE WALL BASE OH ENTRY LIGHT: INTEGRATED WITH BALCONY ABOVE (EITHER DECORATIVE &SEMI-CONCELEALED BY SUPPORTING BEAMS & BRACKETS OR FLUSH -MOUNTED CAN LIGHT W/ LOW -PROFILE TRIM). JO DECORATIVE WALL SCONCE OK CONCEALED UPLIGHT TO HIGHLIGHT TIMBER COLUMNS. LUMINARES SHALL HAVE INTERNAL CUTOFF & ADJUSTABLE AIM TO PREVENT LIGHT SPILLAGE ABOVE TIMBER LINTEL. TOWN OF VAIL USE ,`Qv ,r90 co D IAN O S. BIEKER 00400350 424o Architecture I n c OWNEF ARCHITECT 4240 ARCHITECTURE 3507 RINGSBY CT. STUITE 117 DENVER, CO 80216 CIVIL ALPINE ENGINEERING, INC. ENGINEER 34510 HIGHWAY 6 UNIT A-9 EDWARDS, CO 81632 LANDSCAPE SHERRY DORWARD ARCHITECT P.O. BOX 3766 VAIL, CO 81658 STRUCTURAL MONROE NEWELL ENGINEER 70 BENCHMARK RD. SUITE 204 AVON, CO 81620 MEP DMCE ENGINEERING ENGINEER 5737 6TH AVE. LAKEWOOD, CO 80214 311 BRIDGE STREET 39°38'24"N 106°22'25"W K PEC SUBMITTAL #1 rev. 01 2017-04-11 J PEC SUBMITTAL#1 2017-04-10 H PEC PROGRESS SET 2017-04-06 ISS.# DESCRIPTION DATE PROJECT NO.: 21074.00 PROPOSED LIGHTING PLAN E101 o EEA - 8'-0" - 4'-0" - 4'-0" - 8'-0" - 3'-91/2" - 4'-2)„ - 8'-0" - 8'-0" - 4'-0" - 4'-0" - - - - 28'-0" - - - - - 10'-0" - H ,r7rA June 6, 2017 - Page 275 of 311 /// /7 LOCKERS // /// RETAIL AREA MEC H. 7 L / 4 0 LOCKERS 4/ 4 4 LOCKERS L r 0 0 0 // LOCKERS / STAFF 0 4 / / / / / (/ / / RETAIL AREA 0 7 / ST ' FF / WC u BASEMENT REA: 5,238 ft2 / STAIR ///////////////////////////////%///////// 27/4/4/7 \ I EXISTING BASEMENT LEVEL FLOOR P wi 111111111111111111111111111111111 1/4 = 1 ' -0 EXISTING GRFA: 0 ft2 NORTH 0 0 11 TOWN OF VAIL USE �Qv � r9O co D IAN O S. BIEKER 00400350 424o Architecture I n c OWNE- ARCHITECT 4240 ARCHITECTURE 3507 RINGSBY CT. STUITE 117 DENVER, CO 80216 CIVIL ENGINEER LANDSCAPE ARCHITECT STRUCTURAL ENGINEER MEP ENGINEER K J H G F O 4111 ALPINE ENGINEERING, INC. 34510 HIGHWAY 6 UNIT A-9 EDWARDS, CO 81632 SHERRY DORWARD P.O. BOX 3766 VAIL, CO 81658 MONROE NEWELL 70 BENCHMARK RD. SUITE 204 AVON, CO 81620 DMCE ENGINEERING 5737 6TH AVE. LAKEWOOD, CO 80214 311 BRIDGE STREET 39°38'24"N 106°22'25"W PEC SUBMITTAL #1 rev. PEC SUBMITTAL #1 PEC PROGRESS SET PEC PROGRESS SET EXISTING INVENTORY 01 2017-04-11 2017-04-10 2017-04-06 2017-03-27 2017-03-13 ISS.# DESCRIPTION DATE PROJECT NO.: 21074.00 EXISTING BASEMENT LEVEL FLOOR PLANS EA100 8180' - - GG EEA 8180' 8180' 8180' I I ENTRY I I I STORAGE I /N / N I ELEC CLOSET RETAIL AREA OFFICE June 6, 2017 - Page 276 of 311 CHANGING AREA --8180' rt ELEC SERVICE 0 FL EL. 100'-2" = 8380.17' UP STORAGE% FOR RESIDENC�/ n i EXTERIOR ENTRY COURT EXISTING GA AGE/// TO REMAI RETAIL AREA LEVEL 1 ENTRY: 341 ft2 GRFA O -I GARAGE 242 ftZ,iEXCLUDED- FROM GRFA ///// / z /////r///////////// ENTRY SECO 0 0 CHANGING AREA CHANGING DN - AREA STORAGE STAIR LEVEL 1 RESIDENTIAL NDARY ENTRY STAIR & AREA BELOW: 51 ft2 0 0 RETAIL AREA 0 LJ z / ENTRY -h f1 cb (Lb NORTH\ 1 EXISTING LEVEL 1 FLOOR PLAN 1111111111111111 1/4 = 1 -0" EXISTING GRFA: 392 ft2 / / / / J / 10 11 CO co 1 6 TOWN OF VAIL USE co S. BIEKER 00400350 4240 Architecture Inc OWNEF ARCHITECT 4240 ARCHITECTURE 3507 RINGSBY CT. STUITE 117 DENVER, CO 80216 CIVIL ENGINEER LANDSCAPE ARCHITECT STRUCTURAL ENGINEER MEP ENGINEER LLI 4111 ALPINE ENGINEERING, INC. 34510 HIGHWAY 6 UNIT A-9 EDWARDS, CO 81632 SHERRY DORWARD P.O. BOX 3766 VAIL, CO 81658 MONROE NEWELL 70 BENCHMARK RD. SUITE 204 AVON, CO 81620 DMCE ENGINEERING 5737 6TH AVE LAKEWOOD, CO 80214 LLJ LLJ CID 39°38'24"N 106°22'25"W PEC SUBMITTAL #1 rev. 01 PEC SUBMITTAL #1 PEC PROGRESS SET PEC PROGRESS SET EXISTING INVENTORY 2017-04-11 2017-04-10 2017-04-06 2017-03-27 2017-03-13 ISS.# DESCRIPTION DATE PROJECT NO.: 21074.00 EXISTING LEVEL 1 FLOOR PLAN EA101 8'-0" 4'-n" 4*_0" 8'_0" 3,_9Y2„ 4,_ZY2„ 8'-0" 4'-0" — — — — — — — — — 8'-0" 4'-0" 28'-0" 10'-0" / / / / / / / / 8180' I I ENTRY I I I STORAGE I /N / N I ELEC CLOSET RETAIL AREA OFFICE June 6, 2017 - Page 276 of 311 CHANGING AREA --8180' rt ELEC SERVICE 0 FL EL. 100'-2" = 8380.17' UP STORAGE% FOR RESIDENC�/ n i EXTERIOR ENTRY COURT EXISTING GA AGE/// TO REMAI RETAIL AREA LEVEL 1 ENTRY: 341 ft2 GRFA O -I GARAGE 242 ftZ,iEXCLUDED- FROM GRFA ///// / z /////r///////////// ENTRY SECO 0 0 CHANGING AREA CHANGING DN - AREA STORAGE STAIR LEVEL 1 RESIDENTIAL NDARY ENTRY STAIR & AREA BELOW: 51 ft2 0 0 RETAIL AREA 0 LJ z / ENTRY -h f1 cb (Lb NORTH\ 1 EXISTING LEVEL 1 FLOOR PLAN 1111111111111111 1/4 = 1 -0" EXISTING GRFA: 392 ft2 / / / / J / 10 11 CO co 1 6 TOWN OF VAIL USE co S. BIEKER 00400350 4240 Architecture Inc OWNEF ARCHITECT 4240 ARCHITECTURE 3507 RINGSBY CT. STUITE 117 DENVER, CO 80216 CIVIL ENGINEER LANDSCAPE ARCHITECT STRUCTURAL ENGINEER MEP ENGINEER LLI 4111 ALPINE ENGINEERING, INC. 34510 HIGHWAY 6 UNIT A-9 EDWARDS, CO 81632 SHERRY DORWARD P.O. BOX 3766 VAIL, CO 81658 MONROE NEWELL 70 BENCHMARK RD. SUITE 204 AVON, CO 81620 DMCE ENGINEERING 5737 6TH AVE LAKEWOOD, CO 80214 LLJ LLJ CID 39°38'24"N 106°22'25"W PEC SUBMITTAL #1 rev. 01 PEC SUBMITTAL #1 PEC PROGRESS SET PEC PROGRESS SET EXISTING INVENTORY 2017-04-11 2017-04-10 2017-04-06 2017-03-27 2017-03-13 ISS.# DESCRIPTION DATE PROJECT NO.: 21074.00 EXISTING LEVEL 1 FLOOR PLAN EA101 0 O 0 O MM EEA 8'-0" 4'-0" 4'-0" 8'-0" 3'-91/2" 4'-22" 8'-0" 8'-0" 4'-0" 4'-0" / / / / / / / / / / / LIVING ROOM 0 June 6, 2017 - Page 277 of 311 O / LIVING ROOM 0 A 4 rt 4 STA IR 1 BATHROOM /r DECK DRESSING DECK / BEDROOM ///// //// BEDROOM 0 / STAIR HALL HALL STORAGE POWDER ROO DRES ING OFFICE STAIR IPAnill A !MEI inr / 1 / / / / / / / / / / / /i / / / DININ / / / / G ROOM i 4 /' • DECK 4 / / W.C. / / // KITCHEN \ \ \ E ISTING GRFA: 4 966 ft2- PANTRY tr PANTRY tAUND�Y J/ NORTH BATH .r.A J STUDY i i i DEC Ij DECK \ 1 EXISTING LEVEL 2 FLOOR PLAN 111111 IMINI1111 1/4 = 1 -0" EXISTING GRFA: 4,966 ft2 0 10 11 0 0 16; TOWN OF VAIL USE �Qv r9O co D IAN BIEKER 00400350 4240 Architecture I n c OWNEF ARCHITECT 4240 ARCHITECTURE 3507 RINGSBY CT. STUITE 117 DENVER, CO 80216 CIVIL ENGINEER LANDSCAPE ARCHITECT STRUCTURAL ENGINEER MEP ENGINEER K J H G F O 4111 J J ALPINE ENGINEERING, INC. 34510 HIGHWAY 6 UNIT A-9 EDWARDS, CO 81632 SHERRY DORWARD P.O. BOX 3766 VAIL, CO 81658 MONROE NEWELL 70 BENCHMARK RD. SUITE 204 AVON, CO 81620 DMCE ENGINEERING 5737 6TH AVE. LAKEWOOD, CO 80214 311 BRIDGE STREET 39°38'24"N 106°22'25"W PEC SUBMITTAL #1 rev. 01 PEC SUBMITTAL #1 PEC PROGRESS SET PEC PROGRESS SET EXISTING INVENTORY 2017-04-11 2017-04-10 2017-04-06 2017-03-27 2017-03-13 ISS.# DESCRIPTION DATE PROJECT NO.: 21074.00 EXISTING LEVEL 02 FLOOR PLAN EA102 ,28,q' ��� 10'-0.. �� ,. -.... STA IR 1 BATHROOM /r DECK DRESSING DECK / BEDROOM ///// //// BEDROOM 0 / STAIR HALL HALL STORAGE POWDER ROO DRES ING OFFICE STAIR IPAnill A !MEI inr / 1 / / / / / / / / / / / /i / / / DININ / / / / G ROOM i 4 /' • DECK 4 / / W.C. / / // KITCHEN \ \ \ E ISTING GRFA: 4 966 ft2- PANTRY tr PANTRY tAUND�Y J/ NORTH BATH .r.A J STUDY i i i DEC Ij DECK \ 1 EXISTING LEVEL 2 FLOOR PLAN 111111 IMINI1111 1/4 = 1 -0" EXISTING GRFA: 4,966 ft2 0 10 11 0 0 16; TOWN OF VAIL USE �Qv r9O co D IAN BIEKER 00400350 4240 Architecture I n c OWNEF ARCHITECT 4240 ARCHITECTURE 3507 RINGSBY CT. STUITE 117 DENVER, CO 80216 CIVIL ENGINEER LANDSCAPE ARCHITECT STRUCTURAL ENGINEER MEP ENGINEER K J H G F O 4111 J J ALPINE ENGINEERING, INC. 34510 HIGHWAY 6 UNIT A-9 EDWARDS, CO 81632 SHERRY DORWARD P.O. BOX 3766 VAIL, CO 81658 MONROE NEWELL 70 BENCHMARK RD. SUITE 204 AVON, CO 81620 DMCE ENGINEERING 5737 6TH AVE. LAKEWOOD, CO 80214 311 BRIDGE STREET 39°38'24"N 106°22'25"W PEC SUBMITTAL #1 rev. 01 PEC SUBMITTAL #1 PEC PROGRESS SET PEC PROGRESS SET EXISTING INVENTORY 2017-04-11 2017-04-10 2017-04-06 2017-03-27 2017-03-13 ISS.# DESCRIPTION DATE PROJECT NO.: 21074.00 EXISTING LEVEL 02 FLOOR PLAN EA102 / 8'-0" 4'-0" 4'-0" DECK BELOW 8'-0" 3'-91/2" 4'-22" 8'-0" STAI RS 8'-0" 4'-0" STAIRS DECK • an 7 TUB / June 6, 2017 - Page 278 of 311 MASTER BEDROOM DECK DECK BELOW ///////////// ///////////// MASTER CLOSET ///9%/ / j STAIRS DECK e \ / / 7 7 - 7 \ \ \ GRFA: 1,073 ft2 \ \ DECK / R-Ft_58 3 ft2 L BATH \\\\\\\\\\\\\\\ BED PLATFORM i DECK 1 EXISTING LEVEL 3 FLOOR PLAN w 11111111111111111111111111111111 1/4" = 1 ' -0 EXISTING GRFA: 1,656 ft2 NORT DECK • 15 TOWN OF VAIL USE 4240 Architecture I n c OWNEI ARCHITECT 4240 ARCHITECTURE 3507 RINGSBY CT. STUITE 117 DENVER, CO 80216 CIVIL ALPINE ENGINEERING, INC. ENGINEER 34510 HIGHWAY 6 UNIT A-9 EDWARDS, CO 81632 LANDSCAPE SHERRY DORWARD ARCHITECT P.O. BOX 3766 VAIL, CO 81658 STRUCTURAL MONROE NEWELL ENGINEER 70 BENCHMARK RD. SUITE 204 AVON, CO 81620 MEP DMCE ENGINEERING ENGINEER 5737 6TH AVE. LAKEWOOD, CO 80214 311 BRIDGE STREET 39°38'24"N 106°22'25"W K PEC SUBMITTAL 1#1 rev. 01 2017-04-11 J PEC SUBMITTAL#1 2017-04-10 H PEC PROGRESS SET 2017-04-06 G PEC PROGRESS SET 2017-03-27 F EXISTING INVENTORY 2017-03-13 ISS.# DESCRIPTION DATE PROJECT NO.: 21074.00 EXISTING LEVEL 3 FLOOR PLAN EA103 r- 8'-0" 4'-0" 4'-0" 8'-0" 3'-91/2" 4'-22" 8'-0" fi 8'-0" 4'-0" EXISTING RIDGE ELEVATION = 137'-3 %4" / 8217.3' 3 '/2 : 12 EXIST NG RIDGE ELEV TION = 3'-3%4" / 8203 June 6, 2017 - Page 279 of 311 3/:12 EXISTING RIDGE ELEVATION = 122' 3 '/2 : 12 SHED ROOF 3%:12 3%:12 EXISTING RI 1 EXISTINGROOF PLAN 1/4 = 1 -0 0 0 • TOWN OF VAIL USE 424o Architecture I n c OWNER ARCHITECT 4240 ARCHITECTURE 3507 RINGSBY CT. STUITE 117 DENVER, CO 80216 CIVIL ALPINE ENGINEERING, INC. ENGINEER 34510 HIGHWAY 6 UNIT A-9 EDWARDS, CO 81632 LANDSCAPE SHERRY DORWARD ARCHITECT P.O. BOX 3766 VAIL, CO 81658 STRUCTURAL MONROE NEWELL ENGINEER 70 BENCHMARK RD. SUITE 204 AVON, CO 81620 MEP DMCE ENGINEERING ENGINEER 5737 6TH AVE. LAKEWOOD, CO 80214 311 BRIDGE STREET 39°38'24"N 106°22'25"W K PEC SUBMITTAL 1#1 rev. 01 2017-04-11 J PEC SUBMITTAL 1#1 2017-04-10 H PEC PROGRESS SET 2017-04-06 G PEC PROGRESS SET 2017-03-27 F EXISTING INVENTORY 2017-03-13 ISS.# DESCRIPTION DATE PROJECT NO.: 21074.00 EXISTING ROOF PLAN EA104 777777777 7777777777 777777777 7777777777 777777777 7777777777 777777777 7777777777 777777777 7777777777 777777777 777777777 7777777777 777777777 7777777777 777777777 7777777777 777777777 7777777777 777777777 7777777777 777777777 7777777777 777777777 7777777777 777777777 7777777777 BRICK CHIMNEY BEYOND GRAVEL ROOF WITH PAINTED WOOD FASCIA TOP OF EXISTING PEAK EL. 132'- 4 3/8" PAINTED BOARD & BATTEN SIDING PAINTED WOOD GUARDRAIL L2.5 TOP OF PLYWOOD EL. 119'- 6 3/4" RED FABRIC AWNINGS BRICK VENEER PROJECTING BAY WINDOWS TOP OF EXISTING PEAK 33' OFFSET FROM EXISTING GRADE 777777777777777 77777777777777 777777777777777 777777777777777 777777777777777 77777777777777 777777777777777 77777777777777 777777777777777 7777777777777. 777777777771P.. l II II II II II II II II II II I 1 1- 1 1_ ■77777777777777777777 77777777777777777777 77777777777777777777—_ .777777777777777777777 7 7 7 7 7 7 7 .7777777777777777777777777777 ■•1.1.1 1.1•■•1 ■•1.1.1 1.1•■•1 u ■•1.1.1 1 .77777777777777777777777777777 77 7777777777777777777777777777 777777777777777777777777777777 .77777777777777777777777777777 777777777777777777777777777777 .77777777777777777777777777777 777777777777777777777777777777 .77777777777777777777777777777 777777777777777777777777777777 177777777777777777777177 ■777777777777777777777 X7777777777777777777 7777777777777777777777 .--------------------- ■777777777777777777777 ---------------------- 7777777777777777777777 ■777777777777777777777 _777777777777777777777 ■777777777777777777777 ,,■1 .----------------------------------------- 'N. 777777777777777777777777777 7-- r 7 7777777777777777777 7777777 BRICK CHIMNEY WITH CONCRETE CAP -------- EXPOSED RIDGE BEAM GRAVEL ROOF WITH PAINTED WOOD FASCIA PAINTED BOARD & BATTEN SIDING PAINTED WOOD GUARDRAIL CURVED STUCCO WALL WITH PIPE RAIL CAP EL. 122'- 8" MID DECK TOP OF PLYWOOD EL. 119'- 6 3/4" BRICK CHIMNEY BEYOND 77 77 77 immmm 7 mmmmam= mmmm 7 immmm mm mmmmam= mmmm 7 --�7 mmmmam= mmmm 7 --�7 mmm�— 777777777777777 777777777777777 X7777777777777 777777777777777 77777777777 777777777777777 77777777777777 777777777777771 77777777777777 77777777777777 777777777777777 77777777777777 777777777777777 77777777777777 777777777777777 77777777777777 777777777777777 77777777777777 X77777777777777 —777777777777 —777777777777 —7777777777 =7777777777 --7777777 77777777 _— _/177777777 771.- -77777777 777M1.-1.. 77__ 17_7_7_7_7_7_7_7_7 77777777777777 7777777777777 77777777777777 77777777777777 77777777777777 RED FABRIC AWNINGS June 6, 2017 - Page 280 of 311 STUCCO SIDING 777777 7777777 7[ I L 33' OFFSET FROM EXISTING GRADE 777777 777777777777777 -777777777777777 —7777777777777 X777777777777 -.77777777777 —7777777777 X77777777 -.77777777 -.1777777 .777777 777 -77 771.- 77771.- 7777b.- 77777=1.- 777777771.- 77777777h.- 77777777=1. 77_ 7777 77777_ 77777777 777777777 77777777 777777777 777777777 77777777 777777777 777777777 777777777 77777777 777777777 777777777 777777777 77777777 777777777 777777777 777777777 77777777 7777777 77 7 7 7 7 7 7 z TOP OF EXISTING CHIMNEY EL. 139'- 9" TOP OF EXISTING PEAK EL. 137'- 3 1 /4" BRICK CHIMNEY WITH CONCRETE CAP L3 TOP OF PLYWOOD EL. 124'- 3" TOP OF EXISTING PEAK PROJECTING BAY WINDOWS EL. 122'- 8" L2 TOP OF PLYWOOD EL. 109'- 4 5/8" L1 FINISH FLOOR EL. 100'- 2" L1 TOP OF PLYWOOD 2 111111111111111111111111 1 / 4'' = 1 -0'' NORTH ELEVATION TOP OF EXISTING CHIMNEY TOP OF EXISTING PEAK TOP OF EXISTING PEAK L3 TOP OF PLYWOOD II I II I 777 7777 777 7777 777 7777 777 7777 777 7777 777 7777 777 7777 777 7777 777 7777 777 7777 777 7777 7 77777 7 77777 7 77777 7 77777 7 77777 7 77777 7 77777 7 77777 7 77777 7 77777 7 77777 7 77777 7 77777 7 77777 7 77777 7 77777 7 77777 7 77777 7 77777 7 77777 7 77777 7 77777 7 77777 77777 7 77777 7 77777 7 77777 7 77777 7 77777 7 77777 7 77777 7 77777 7 77777 7 77777 7 77777 7 77777 7 77777 7 77777 7 77777 7 77777 7 77777 7 77777 7 77777 7 77777 7 77777 7 77777 7 777777717771 7777777777 7777777777 7777777777 7777777777 7777777777 7777777777 77777777777 7777777777 77777771777 777777777177 77777777777 7777777777 7777777777 7777777777 777777777 77 77777777177 7777777 77 77 L2 TOP OF PLYWOOD L1 FINISH FLOOR L1 TOP OF PLYWOOD SOUTH ELEVATION 11 111111111111111111111111 1/4- = 1'-0" TOWN OF VAIL USE co S. BIEKER 00400350 4240 Architecture Inc OWNEF ARCHITECT CIVIL ENGINEER LANDSCAPE ARCHITECT STRUCTURAL ENGINEER MEP ENGINEER 4240 ARCHITECTURE 3507 RINGSBY CT. STUITE 117 DENVER, CO 80216 ALPINE ENGINEERING, INC. 34510 HIGHWAY 6 UNIT A-9 EDWARDS, CO 81632 SHERRY DORWARD P.O. BOX 3766 VAIL, CO 81658 MONROE NEWELL 70 BENCHMARK RD. SUITE 204 AVON, CO 81620 DMCE ENGINEERING 5737 6TH AVE. LAKEWOOD, CO 80214 311 BRIDGE STREET 39°38'24"N 106°22'25"W PEC SUBMITTAL #1 rev PEC SUBMITTAL #1 PEC PROGRESS SET PEC PROGRESS SET EXISTING INVENTORY 01 2017-04-11 2017-04-10 2017-04-06 2017-03-27 2017-03-13 ISS.# DESCRIPTION DATE PROJECT NO.: 21074.00 EXISTING ELEVATIONS EA201 BRICK CHIMNEY WITH CONCRETE CAP GRAVEL ROOF WITH PAINTED WOOD FASCIA TOP OF EXISTING CHIMNEY EL. 139'- 9" TOP OF EXISTING PEAK EL. 13T- 3 1/4" PAINTED BOARD & BATTEN SIDING PAINTED WOOD GUARDRAIL CURVED STUCCO WALL WITH PIPE RAIL CAP L3 TOP OF PLYWOOD EL. 124'- 3" MID DECK TOP OF PLYWOOD EL. 119'- 6 3/4" RED FABRIC AWNING BEYOND BRICK VENEER STUCCO SIDING iii-i—i— II II II II II II II I 33' OFFSET FROM EXISTING GRADE ------------ ------------- ------------ ------------- ------------ _______ ------------ ----------- — _____-- -�.- MM ____-_____r__ ------------ ------------- ------------ ------------- ------------ ------------- ------------ ------------- ------------ 1 imb Iup• Oil INIMINIMIN 4,111111111 I i • BRICK CHIMNEY WITH CONCRETE CAP EXPOSED RIDGE BEAM GRAVEL ROOF WITH PAINTED WOOD FASCIA PAINTED WOOD GUARDRAIL PAINTED BOARD & BATTEN SIDING RED FABRIC AWNINGS PROJECTING BAY WINDOW BRICK VENEER STUCCO SIDING 33' OFFSET FROM EXISTING GRADE ----------- -----• __ --- __ �MM �MM --- ____________1 ------------- ------------- ------------- ------------- ------------- BRICK CHIMNEY WITH CONCRETE CAP EXPOSED RIDGE BEAMS TOP OF EXISTING PEAK GARAGE DOOR EL. 132'- 4 3/8" L2.5 TOP OF PLYWOOD RED FABRIC AWNING EIMMMEMMMMINMM ----------------------- ------------------------ _____________________ ------------------------ ------------------------ ------------------------ ------------------------ ------------------------ ------------------------ ------------------------ ------------------------ ------------------------ 10x_-�ir--� - �- - _E 1___ --- -------- 1______________ --------------• 1______________ IMM___•• ------_- -IM___-----_---■ 1___IIMM ___________ AMM rn AiMMIN EMME _�--------_ ••••••••••••__••••I •__■ •-------------I ---• -------------- I ■ ■ ■ ■ ■ 1 ■_____________I.___ -------------- ------------- ■___=IF^MI___1 _• _: 2 1111111111111111111111111 11 1/4" = l' -O" ■-------------- �_` •-------------I .------------- -------------- 1--------------- 1.-------------- -I •-------------I 1--------------- -� -----------I 1--------------- -� •-------------1 �!-------------I 1.-------------- -� •-------------I 1--------------- -� •-------------I I11�� _-----------_- •-------------I -------------- •-------------I ------------1 1411111111111111111111111111111111111111111111111 I IIIIIIII 1 1I'I - 1__ --■_____________I - 1__ I-------------•-------------1 ■______________I-------------- - I -- ---------------•_____________I 1111111E1 I 1111111 1111111 I 1111111 1111111 111111 111111111111P III 111111111MI 11111-1 June 6, 2017 - Page 281 of 311 EAST ELEVATION BRICK CHIMNEY BEYOND EL. 119'- 6 3/4" L2 TOP OF PLYWOOD EL. 109'- 4 5/8" L1 FINISH FLOOR EL. 100'- 2" L1 TOP OF PLYWOOD EL. 100'- 0" GRAVEL ROOF WITH PAINTED WOOD FASCIA GRAVEL STOP AT EDGE OF ROOF STOP OF EXISTING CHIMNEY EL. 139'- 9" TOP OF EXISTING RIDGE EL. 137'- 3 1/4" TOP OF EXISTING PEAK EL. 132'- 4 3/8" CURVED STUCCO WALL WITH PIPE RAIL CAP L3 TOP OF PLYWOOD EL. 124'- 3" TOP OF EXISTING PEAK EL. 122'- 8" MID DECK TOP OF PLYWOOD RED FABRIC AWNING PAINTED WOOD GUARDRAIL STUCCO SIDING EL. 119'- 6 3/4" L2 TOP OF PLYWOOD EL. 109'- 4 5/8" PLAZA LEVEL PER SURVEY WEST ELEVATION 1 11111111111111111111111 1/4" = l' -O" L1 FINISH FLOOR EL. 100'- 2" L1 TOP OF PLYWOOD EL. 100'- 0" TOWN OF VAIL USE �Qv � r9O co D IAN O S. BIEKER 00400350 4240 Architecture I n c OWN& ARCHITECT CIVIL ENGINEER LANDSCAPE ARCHITECT STRUCTURAL ENGINEER MEP ENGINEER K J H G F 4240 ARCHITECTURE 3507 RINGSBY CT. STUITE 117 DENVER, CO 80216 ALPINE ENGINEERING, INC. 34510 HIGHWAY 6 UNIT A-9 EDWARDS, CO 81632 SHERRY DORWARD P.O. BOX 3766 VAIL, CO 81658 MONROE NEWELL 70 BENCHMARK RD. SUITE 204 AVON, CO 81620 DMCE ENGINEERING 5737 6TH AVE. LAKEWOOD, CO 80214 311 BRIDGE STREET 39°38'24"N 106°22'25"W PEC SUBMITTAL #1 rev. 01 PEC SUBMITTAL #1 PEC PROGRESS SET PEC PROGRESS SET EXISTING INVENTORY 2017-04-11 2017-04-10 2017-04-06 2017-03-27 2017-03-13 ISS.# DESCRIPTION DATE PROJECT NO.: 21074.00 EXISTING ELEVATIONS EA202 ONE VAIL PLACE 1' -0" INGRESSIEGRESS EASEMENT EXISTING\PLANT CURB TO BE REMOV CO CO i I EXISTING PLANTER CURB TO BE REMOVED EXISTING EAVE ABOVE (DASHED) EXISTING PLANTER CURB TO BE REMOVED / 8179' / / / BRIDGE STREET PROPERTY LINE EXISTING EAVE ABOVE EXISTING BALCONY OVERHANG 0 a a 0 I I 0 oomi TO REMAIN 0 EXISTING ENCROACFMENT INT INGRESS/EGRESS EASEMEN 0 EXISTING AGE TO REMGARAIN1 EXISTING EAVE ABOVE (DASHF\D) EXISTING ELECTRICAL SERVICE CLOSET TO REMAIN\ WALL STREET \ a EXISTING TRENCH DRAIN TO REMAIN EL. = 8179.9' CO I \ II II- EXISTING BALCONY OVERHANG EXISTING PLANTER CURB TO BE REMOVED 0 EXISTING ENTRY COURT WALL TO BE REMOVED SEIBERT CIRCLE FOUNTAIN EXISTING 15" SPRUCE TO BE REMOVED GAS METERS TO A REMAIN N 67oo, EXISTING PLANTER CURB TO BE REMOVED EXISTING BALCONY OVERHANG EXISTING 12" SPRUCE TO BE REMOVED EXISTING 15" SPRUCE TO BE REMOVED \II 70 ,-0.. F4sF,_4sso '14res co co EXIS14N>S EXISTING uJ w ti — 8182' W — REPLACE EXISTING BRICK WALL & FENCE WITH BOULDER EDGE EXISTING RETAINING WALL TO BE REL CATED 02 OVERGROWN SHRUB TO BE REMOVED (SPECIES UNKNOWN) EXISTING MONUMENT WALL TO REMAIN EXISTING SITE / GRADING / LANDSCAPE PLAN 11111111 1" = 10'-0" EXISTING LANDSCAPED AREA T r 1- 1- 8" 2 EE TO REMAI REE TO REMAIN T.O. EXISTING WALL = 8183' EXISTING SPRUCE TO BE REMOVED (±8") (2) EXISTING CRABAPPLE TREES TO BE REMOVED 8183' - TREES TO BE REMOVED Key Qty. Botanical Name Common Name Size 2 4 Malus (species unknown) Picea pungens Crabapple Colorado Blue Spruce approx. 4" cal. 1 @ 8"; 1 @ 12"; 2 @ 15" Note: Aside from existing mature spruce, there is little to no vegetation in existing plant beds around the buiiding. June 6, 2017 - Page 282 of 311 GOLDEN PEAK BUILDING N N N STORM SEWER MANHOLE N RIM EL. = 8179.6' 15" PVC INVERT = 8175.5' N 15" PVC STORM FUTURE SEWER STUB TOP OF PIPE = 8177.7' ONE VAIL PLACE \ `I / INGRESSIEGRESS EASEMENT NEW PLANTING BED WITH BOULDERS & DRIP IRRIGATION SYSTEM RELOCATED TRASH STORAGE AREA (STAIR DIRECTION & STORAGE REVERSED FROM EXISTING) RELOCATED SECONDARY RESIDENTIAL ENTRY NEW FLAGSTONE \ PAVING NEW PLANTING BED WITH BOULDERS & DRIP IRRIGATION SYSTEM 8179' 1 EAVE (DASHED) EXISTING SJOR"M INLET TO/REMAIN 1 1 1 REDUCED BALCONY 11 FOOTPRINT EAVE ABOVE NEW DWARF SPRUCi GROUPING TO REPLALIE EXISTING TREES I EXTEND PAVERS TO MEET BUILDING AT LOC..TION OF OLD PLANTING BED EAVE (DASED) WALL STREET EXISTING TRENCH DRAIN TO REMAIN EL. = 8179.9' 00 I 1 NEW ENTRY COURT WALL RELOCATED ELECTRICAL SERVICE ADJUST BOULDERS TO WIDEN ACCESS TO STAIR TO LOWER LEVEL RELOCATED RETAINING WALL DRIP IRRIGATION SYSTEM IN PLANTING BED EXISTING PLANTING TO REMAIN .1 PROPOSED SITE / GRADING / LANDSCAPE PLAN 11111111 1" = 10'-0" PROPOSED LANDSCAPED AREA SITE PLAN NOTES: LOT SIZE: 0.195 ac / 8,494 ft2 BUILDABLE AREA: 0.195 ac / 8,494 ft2 REFER TO SHEET A104 FOR RIDGE LOCATIONS & ELEVATIONS. SITE IS OUTSIDE OF 100 -YEAR FLOOD PLAIN. e1c51. EXTENDED BAY WINDOW FMFT C/gTFs -0. EXIS N EXSTING / z LU / w N LU a —8182'- --- / — ---\ r 1- 0 BRIDGE STREET 1 GAS METERS TO \ REMAIN NEW PLANTING BED WITH BOULDERS & DRIP IRRIGATION SYSTEM NEW FLAGSTONE PAVING WITH SNOWMELT SYSTEM AT RESIDENCE ENTRANCE NEW DWA-RF SPRUCE ,5ROU1 fNG TO REPLACE EXISTING TREES NEW PLANTING BED WITH BOULDERS & DRIP IRRIGATION SYSTEM EXISTING STORM INLET TO REMAIN / 8" TREE TO REMAI 2" TREE TO REMAIN REPLACE EXISTING BRICK WALL & FENCE WITH BOULDER EDGE T.O. EXISTING WALL = 8183' 8183' - PROPOSED PLANTING I 1 Bed A (land owned by others): Infill with perennial or annual flowers for seasonal color Bed B:Tali perennials as seasonal focal point (sunny) for public plaza 15 15 10 10 10 15 15 Alcea rosea Cater's Double Hybrids Echinacea purpurea Leucanthemum x superbum 'Alaska' Lupinus Russell Hybrids Papaver orientale 'Princess Victoria Louise' Rudbeckia fulgida 'Goldsturm' Salvia nemorosa 'May Night' Double mixed Hollyhock Purple Coneflower Shasta Daisy Lupine, mixed colors Salmon Oriental Poppy Black -Eyed Susan Purple Salvia Bed C: Ground cover under existing mature spruce (I"mited morning sun) 30 Heuchera sanguinea 'Splendens' Red Coral Bells 30 Potentilla nepalensis 'Miss Wilmott' Bed 0: Woodland garden at front entry to residence 5 3 60 30 Populus tremuloides Ribes alpinum "Green Mound' Vince minor 'Bowles Variety' Daffodil bulbs Miss Wilmott Cinquefoil Aspen Green Mound Currant Bowles Periwinkle 1 gal. 15-18" o.c. F15 1 gal. 2-1/2" cal. 5 gal. F15 Bed E: Low spreading shrubs under existing mature spruce (limited morning sun) 101 Salix armada Silver Creeping Willow 5 gal. Bed F: Northeast corner at retail entry (morning sun) 30 Papaver nudicaule Icelandic Poppy 1 gal. 25 Daffodil bulbs Bed 0: Perennial ground covers along north side (full shade) 40 Anemone sylvestris Snowdrop Windflower 40 Aquilegia canadensis 'Little Lanterns' Dwarf Red Columbine 12 Arctostaphyfos uva-ursi 'Massachusetts' Kinnikinnick F15 F15 1 gal. e SEIBERT CIRCLE FOUNTAIN EXISTING STORM INLET TO REMAIN EXISTING 12" PVC STORM SEWER GOLDEN PEAK BUILDING TOWN OF VAIL USE DIAN BIEKER 00400350 424o Architecture I n c ARCHEI 4240 ARCHITECTURE 3507 RINGSBY CT. STUITE 117 DENVER, CO 80216 CIVIL ALPINE ENGINEERING. INC. ENGINEER 34510 HIGHWAY 6 UNIT A-9 EDWARDS, CO 81632 LANDSCAPE ARCHITECT STRUCTURAL ENGINEER MEP ENGINEER J H G F C LD SHERRY DORWARD P.O. BOX 3766 VAIL, CO 81658 MONROE NEWELL 70 BENCHMARK RD. SUITE 204 AVON, CO 81620 DMCE ENGINEERING 5737 6TH AVE. LAKEWOOD, CO 80214 311 BRIDGE STREET PEC SUBMITTAL #1 PEC PROGRESS SET PEC PROGRESS SET EXISTING INVENTORY ToV CONCEPT OVERVIEW 2017-04-10 2017-04-06 2017-03-27 2017-03-13 2017-01-30 ISS.# DESCRIPTION DATE PROJECT NO.: 21074.00 SITE / GRADING / LANDSCAPE PLAN L101 W rreiiminary Review Memorandum 303-817-4174 jeffreytwinston@gmail.com 1985 Glenwood Drive Boulder Colorado 80304 Date: April 21, 2017 To: George Ruther From: Jeff Winston Project: Hill Building Redevelopment, 4240 Architects, PEC SUBMITTAL #1 2017-04-10 An unusual project for Vail, this application actually proposes to not only to bring the building into higher compliance with the Design Guidelines, but also to do so by reducing the bulk, mass, and footprint of the buildings. Vail Village Sub -area Concepts The only Sub -area Concept affecting this building is Gore Creek Drive/Bridge Street #11: Increase facade transparency on south side to strengthen pedestrian activity, with entry to street. Potential expansion of building to south property line. Additional vertical expansion maybe considered on south end of building to improve street enclosure proportions but must respect designated Hill street - Gore Range view corridors. Potential second level open balcony deck (sun pocket) to restore activity to street lost from ground floor terrace. These comments identified potential objectives if the Hill Building were to expand, and focus on ways to retain or improve street enclosure, views, and street -level activity. The proposed building design accomplishes all of that. Urban Design Concepts In general, we concur with the application narrative, that the proposed changes to the building do not change, and/or continue to be consistent with (and slightly improve) all the Urban Design Concepts (Pedestrianization, Vehicular Penetration, Streetscape Framework, Street Enclosure, Street Edge, Building Height, View Corridors, Sun -Shade, Service/Delivery). Design Considerations We strongly agree with the application narrative, that the proposed building improvements maintain or improve the existing level of consistency with: June 6, 2017 - Page 283 of 311 Design Review Memorandum Vail Hill Building Page 2 of 3 Roof forms, pitch, overhangs, composition Facades materials, color, transparency Windows Doors Tri m Decks and Patios Balconies Lighting/Signage Service There are however, several proposed design considerations that deserve further discussion: 1. Roof materials—the roof is proposed to be of copper. It will be shiny to begin with, but will eventually weather to a dull green/gray. This sets a relatively new precedent for roofs in the Village. Most of the roofs have maintained the "shake -shingle character, which is composed of two characteristics: black or dark gray color, and a texture articulated by fine-grained shadow lines. While not opposed to using a new material that will provide fire safety, low maintenance, and durability, we encourage that the roof be designed with a "thick" appearance giving it the mass of shake -shingles, and that a fine-grained texture pattern be used to help the roof blend in with surrounding roofs as seen from the mountain or other vantage points. 2. Facade Materials, Windows (Uniformity)—the proposed ground floor windows on all 4 sides of the building are identical. However, Vail has an interesting "evolved over time" variety, even within some of the larger single buildings. We would support allowing some variety in the design of windows, and wood paneling, on the varies sides of the building. 3. Materials (Stone)—we support the conversion of the brick chimneys to stone, and encourage the use of traditional "early Vail" stone work: slightly irregular edges snd faces, hidden mortar, and larger stones at the base. The remaining comments are related to helping the building "heal the site," a term from Chris Alexander that refers to the role of each new building to fit into, and improve, the function and quality of its urban context. 4. Facade transparency on the ground floor—the Hill Building sits in an unusually prominent location: between two major pedestrian streets (Bridge Street and Wall June 6, 2017 - Page 284 of 311 Design Review Memorandum jtw Vail Hill Building Page 3 of 3 Street) and fronting on 3 plazas (Seibert Circle to the east, Founders' Plaza to the south, and Concert Hall Plaza to the west). All in all, a major objective of the Urban Design Plan is to give animate and give interest and vitality to Vail's pedestrian streets and plazas. While the proposed improvements to the Hill Building maintain or increase the transparency of the ground floor commercial facades, there are still several ground floor segments, especially those fronting on Seibert Circle, that are solid blank walls or blocked from the plaza by overgrown trees and landscape features. These critical facades do not interact with, and in fact tend to deaden, one whole side the plaza. We encourage further study to explore ways of creating more window and door transparency, more interior -exterior interaction and animation, for this critical facade. Since the single garage door doesn't lend itself to increased transparency, it would be highly desirable to relocate it to a less prominent location (west side?). If truly not possible, perhaps replace the rolling overhead door with a type of door that "implies" more transparency, such as a decorative wood, side -hinged "carriage house" door. 5. Landscape elements—related to the comment above, fronting on Seibert Circle are 3 very mature Spruce trees that present a solid barrier between the Hill Building and Seibert Circle. We support the removal and replacement of these trees IF more transparency and unifying landscaping can be created. June 6, 2017 - Page 285 of 311 VIEW CORRIDOR #2 - EXISTING June 6, 2017 - Page 286 of 311 VIEW CORRIDOR #2 - PROPOSED The proposed design has no new construction to the east of the line segments formed by points C1, C2, and D. The proposed corner of the balcony at point C2 remains in its existing location. VIEW CORRIDOR #4 — EXISTING Nonconforming portion of existing building June 6, 2017 - Page 287 of 311 VIEW CORRIDOR #4 — PROPOSED IroNonconforming portion of osed building P p 9 EXISTING BOXEO-IN FASCIA EXISTING BALCONY TO BE REMOVED EXISTING BALCONY AND FABRIC CANOPY TO BE REMOVED EXISTING BAY WINDOWS TO BE REMOVED (REDUCING ENCROACHMENT INTO ACCESS EASEMENT) 2'-8" diL2.5 FF EL.= 119'-10" _ _ di, L2 FF EL. = 109'-5" 64 11 FF EL. = 100'-2" Y 11 T.O. PLYWOOD 1APPROX. GRADE EL. = 100'-0" BAR -TYPE SNOW GUARD SYSTEM SNOWMELT SYSTEM AT PERIMETER OF ROOF TYPICAL EAVE ASSEMBLY: STAINED WOOD DECKING STAINED WOOD PURLINS STAINED WOOD EXPOSED RAFTER TAILS LIVE -EDGE WOOD LAP SIDING AT UPPER LEVEL EAVE EXTENSION FROM NORTHEAST ROOF RUNS PARTIAL LENGTH OF NORTH FACADE (SEE ELEVATIONS) RESIDENCE WINDOWS: DIVIDED LITE, CLAD WOOD WINDOWS SET DEEP IN WALL STUCCO AT LOWER WALL WITH CONTINUOUS INSULATION APPLIED TO EXISTING WALL ASSEMBLY FOR ENERGY CODE COMPLIANCE SOLID TIMBER FRAME & DECORATIVE MILLWORK SURROUND AT STORE WINDOWS (SEE ELEVATIONS) 12.5 FF EL. =120'-1" ah L2 FF Y EL = 110'-8" ah Y L1 FF r EL = 100'-2" r LI T.O. PLYWOOD 1 APPROX. GRADE EL .100'-0" HILL BUILDING RENOVATION HILL BUILDING RENOVATION EXISTING NORTH WALL SECTION PROPOSED NORTH WALL SECTION June 6, 2017 - Page 288 of 311 VIEW CORRIDOR *1 - EXISTING June 6, 2017 - Page 289 of 311 VIEW CORRIDOR *1 — EXISTING Portion of existing building visible from view point #1 June 6, 2017 - Page 290 of 311 SE chimney: proposed chimney tap 32" above existing NE chimney: proposed chimney cap 32.5" above existing VIEW CORRIDOR *1 — PROPOSED Portion of existing building visible from view point #1 Proposed height increases visible from view point #1 Section 2113.9 of the International Building Code (IBC) requires chimneys to be two feet taller than any construction measured ten feet horizontally from the chimney. When the roofs of the Hill Building are reconstructed, the existing insulation above the sheathing will be removed and replaced with additional continuous exterior insulation above the plane of the existing roof sheathing. The International Energy Efficiency Code (incorporated into the IBC) requires a minimum of R-49 roof insulation in Eagle County (climate zone 6B). This nominal height increase, due to required insulation, will require the top of the existing northeast chimney to be raised by approximately 81/2" and the top of the existing southeast chimney by approximately 8". Additionally, the proposed design includes 24" high raised stone chimney caps above the flue discharge, as illustrated in the drawings submitted to the Town of Vail Planning & Environmental Commission, dated April 10, 2017. Though the proposed cap design is not required by code, it is intended to be consistent with the other modifications proposed for the building as well as the European alpine—inspired character of Vail Village suggested by the Urban Design Guide Plan and Vail Village Design Considerations. - �G. --- rrr 1 IC r• 1 II 1.3401 HILL BUILDING RENOVATION Town Council Hearing (view corridor) o6 June 2017 t NO M�1NlA 4240 VAI L, COLORADO 39 38'24"N 106 22'25"W June 6, 2017 - Page 291 of 311 June 6, 2017 - Page 292 of 311 June 8.2U17 Page 293 of 311 ?xisting east elevation June 6, 2017 - Page 294 of 311 proposed east elevation June 6, 2017 - Page 295 of 311 looking from northeast June 8.2017 Page 297 of 311 N, Uh,mRIM RONIF: , VIEW CORRIDORS VFW IDNIMR.PM iga.C. Or UP ff r 1. .. sin':_ MIX L171'.1ini' 4i 1 VIEW CURRJU PLAN - PRRPCSE0 View Corridor #2 June 6, 2017 - Page 298 of 311 VIEW CORRIDOR #2 - EXISTING VIEW CORRIDORS VIEW CORRIDOR #2 - PROPOSED The proposed design has no new construction to the east of the line segments formed by points C1, C2, and D. The proposed corner of the balcony at point C2 remains in its existing location. View Corridor #2 June 6, 2017 - Page 299 of 311 VIEW CORRIDORS nnbinRN I NIF• MINNT MM. �4l�u�l arm Nn Fwvrar yr 10.W., �� Jif 1111 i I0.i.•'• y • OrSOYIN DO Or Su 1,PAI 01110111•2 R11(1•12 50.111.101.1.FP if 'WITH. 1 VIEW ODRRIOOR PLAN - PROPOSE VIEW CORRIDOR #4 Both projecting balconies will be removed. The upper eave (near point 0) and the second story eave (just above point N and beyond the upper balcony) will be limited to an 18" projection. View Corridor #4 June 6, 2017 - Page 300 of 311 VIEW CORRIDOR #4 — EXISTING Nonconforming portion of l l existing building VIEW CORRIDORS VIEW CORRIDOR 414 — PROPOSED ❑Nonconforming portion of proposed building June 6, 2017 - Page 301 of 311 View Corridor #4 EXISTING BOXED -IN FASCIA EXISTING BALCONY TO BE REMOVED IXISNNG BALCONY AND FABRIC CANDPY TO BE REMOVED EXISTING BAY WINDOWS TO BE REMOVED (REDUCING ENCROACHMENT IN10 ACCESS EASEMENT) L2.5 FF EL. •119'-10" • L2 FF El. =109'-5" Ll FFA� EL. •• 1100,-2-t" LI T.O. PLYWOOD / APPROX. GRADE • EL. • 100'-0" BAP -TYPE SNOW GUARD SYSTEM SNOWMELT SYSTEM AT PERIMETER OF R00F LINEAL EWE ASSEMBLY; STAINED WORD DECKING STAINED WOOD PURLINS STAINED WOOD EXPOSED RAFTER TAILS LIVE -EDGE W000 LAP SIDING AT UPPER LEVEL EAVE EXTENSION FROM NORTHEAST ROOF RUNS PARTIAL LENGTH DF NORTH FACADE (SEE ELEVATIONS) RESIDENCE WINDOWS: DIVIDED LITE, CLAD WOOD WINDOWS SET DEEP IN WALL STUCCO AT LOWER WALL WITH CONTINUOUS INSULATION APPLIED TO EXISTING WALL ASSEMBLY FOR ENERGY CODE COMPLIANCE SOLID TIMBER FRAMED. DECORATIVE X ILLWDRK SURROUND AT STORE WINDOWS (SEE ELEVATIONS) VIEW CORRIDORS L2.S FF ▪ EL= 120'-1" LI FF EL. • T10' -B" LI FF EL. = 100'-2" _ _ Ll T.O. PLYWOOD / APPROX. GRADE ▪ EL. = 10W -0 - HILL BUILDING RENOVATION HILL BUILDING RENOVATION EXISTING NORTH WALL SECTION PROPOSED NORTH WALL SECTION View Corridor #4 June 6, 2017 - Page 302 of 311 VIEW CORRIDORS View Corridor #i June 6, 2017 - Page 303 of 311 VIEW CORRIDORS VIEW CORRIDOR #1 - EXISTING View Corridor #1 June 6, 2017 - Page 304 of 311 VIEW CORRIDORS EXISTING CONDITIONS PROPOSED CHIMNEY ELEVATIONS View Corridor #1 June 6, 2017 - Page 305 of 311 VIEW CORRIDOR #1 - EXISTING ▪ Portion of existing building visible from view point #1 VIEW CORRIDORS SE chimney: proposed chimney ca 32" above existin NE chimney: proposed chimney ca. 32.5" above existing VIEW CORRIDOR #1 - PROPOSED ✓ Portion of existing building visible from view point #1 Proposed height increases visible from view point #1 Section 2113-9 of the International Building Code (IBC) requires chimneys to be two feet taller than any construction measured ten feet horizontally from the chimney- When the roofs of the Hill Building are reconstructed, the existing insulation above the sheathing will be removed and replaced with additional continuous exterior insulation above the plane of the existing roof sheathing- The International Energy Efficiency Code (incorporated into the IBC) requires a minimum of R-49 roof insulation in Eagle County (climate zone 6B)- This nominal height increase, due to required insulation, will require the top of the existing northeast chimney to be raised by approximately 81/2" and the top of the existing southeast chimney by approximately 8". Additionally, the proposed design includes 24" high raised stone chimney caps above the flue discharge, as illustrated in the drawings submitted to the Town of Vail Planning & Environmental Commission, dated April 1 D, 2017- Though the proposed cap design is not required by code, it is intended to be consistent with the other modifications proposed for the building as well as the European alpine -inspired character of Vail Village suggested by the Urban Design Guide Plan and Vail Village Design Considerations. June6, 2017 - Page 306 of 311 View Corridor #1 VIEW CORRIDOR #1 - EXISTING VIEW CORRIDORS VIEW CORRIDOR #1 - PROPOSED View Corridor #1 June 6, 2017 - Page 307 of 311 SE chimney: proposed chimney cap 32" above existing VIEW CORRIDORS View Corridor #i June 6, 2017 - Page 308 of 311 thank you June 6, 2017 - Page 309 of 311 TOWN Of UAJL VAILTOWN COUNCIL AGENDA MEMO ITEM/TOPIC: Reschedule Regular Meeting on July 4, 2017 to July 11, 2017 ACTION REQUESTED OF COUNCIL: Motion to Reschedule Regular Meeting on July 4, 2017 to July 11, 2017. BACKGROUND: The Code provides for action when changing regular meeting day as follows: 1-5-11: REGULAR AND SPECIAL COUNCIL MEETINGS A. Regular Meetings: 1. Time And Place: The council shall meet regularly at least twice monthly at a day and hour to be fixed by the rules of the council. The meeting time shall be established at the town council's first organizational meeting to be held within seven (7) days from the election as described in section 1- 5-3 of this chapter. 2. Deferment: In the event a regular meeting pursuant to subsection Al of this section would fall on a legal holiday recognized by the town or a regular meeting cannot for good reason be held by the town council on a regular meeting date, the regular meeting shall automatically be held on the next secular day at the same time and place; provided, however, that for good cause the council at a regular meeting preceding the regular meeting which will be deferred may defer the regular meeting to a subsequent date not later than one week after the deferred regular meeting date. June 6, 2017 - Page 310 of 311 VAILTOWN COUNCIL AGENDA MEMO ITEM/TOPIC: Adjourn at 9:00 p.m. TOWN Of UAJL June 6, 2017 - Page 311 of 311