Loading...
HomeMy WebLinkAbout2008-0225 PEC. 3 T�WN QF V�IL " MEMBERS PRESENT PLANNING AND ENVIRONMENTAL COMMISSION February 25, 2008 12:00 pm TOWN COUNCIL CHAMBERS / PUBLIC WELCOME 75 S. Frontage Road - Vail, Colorado, 81657 MEMBERS ABSENT 12:OOpm - Training: Lionshead Redevelopment Master Plan (lunch provided) Site Visits: 1. Williams Residence - 2570 Bald Mountain Road Driver: Bill Please note: Times of items are approximate and subject to change. 60 minutes 1:00 pm 15 minutes A request for a final review of a variance from Section 12-6C-6, Setbacks, Vail Town Code, pursuant to Chapter 12-17, Variances, to allow for an addition within the west side setback, located at 2570 Bald Mountain Road/Lot 33, Block 2, Vail Village Filing 13, and setting forth details in regard thereto. (PEC070036) Applicant: Ed Williams, represented by William Hein Associates Planner: Bill Gibson ACTION: MOTION: SECOND: VOTE: CONDITION(S�: 45 minutes 2. A request for a final review of a development plan, pursuant to Section 12-61-11, Development Plan Required, and Section 12-61-3, Conditional Uses, Vail Town Code, to allow for a redevelopment of Solar Vail into a mixed use development to include Type VI employee housing units, professional offices, subterranean parking, and public utilities installations including transmission lines and appurtenant equipment, located at 501 North Frontage Road West, Lot 8, Block 2, Vail Potato Patch, and setting forth details in regard thereto. (PEC070052) Applicant: Sonnenalp Properties, Inc., represented by Gwathmey Pratt Schultz Lindall Architects, P.C. Planner: Scot Hunn ACTION: MOTION: SECOND: VOTE: CONDITION(S): 45 minutes 3. A request for a final recommendation to the Vail Town Council, pursuant to Section 12-3-7, Amendment, Vail Town Code, for a prescribed regulations amendment to Chapters 12-23, Commercial Linkage and 12-24, Inclusionary Zoning, Vail Town Code, to establish standards and criteria related to mitigating employee housing requirements, and setting forth details in regard thereto. (PEC070075) Applicant: Town of Vail Staff/Planner: Nina Timm and Bill Gibson ACTION: MOTION: SECOND: VOTE: CONDITION(S): Page 1 10 minutes 4. A request for a final recommendation to the Vail Town Council, pursuant to Section 12-3-7, Amendment, Vail Town Code, for prescribed regulation amendments to Section 12-14-20, Commercial Core Construction, Vail Town Code, to allow for the extension of the commercial core temporary construction signage for businesses, and setting forth details in regard thereto. (PEC080003) Applicant: Town of Vail Planner: Bill Gibson ACTION: MOTION: SECOND: VOTE: CONDITION(S): 5 minutes 5. A request for a final review of variance from Section 12-6C-5, Setbacks, and Section 12-6C-11, Parking, Vail Town Code, pursuant to Chapter 12-17, Variances, to allow for a front and side setback encroachment and to reduce the required on site parking to facilitate construction of an addition, located at 3035 Booth Falls Road/Lot 12, Block 1, Vail Village 13t" Filing, and setting forth details in regard thereto. (PEC080002) Applicant: John and Katherine Adair, represented by Pure Design Studio Planner: Bill Gibson ACTION: Tabled to March 10, 2008 MOTION: SECOND: VOTE: 6. Approval of February 11, 2008 minutes MOTION: SECOND: VOTE: 7. Information Update 8. Adjournment MOTION: SECOND: VOTE: The applications and information about the proposals are available for public inspection during regular office hours at the Town of Vail Community Development Department, 75 South Frontage Road. The public is invited to attend the project orientation and the site visits that precede the public hearing in the Town of Vail Community Development Department. Please call (970) 479-2138 for additional information. Sign language interpretation is available upon request with 24-hour notification. Please call (970) 479-2356, Telephone for the Hearing Impaired, for information. Community Development Department Published February 22, 2008, in the Vail Daily. Page 2 . . ... . ._ .. .... . ... . . . ... .. . . . . . .. . .. .. . f � ...^' """_ ".: ,: . , . .. -..... ..___ I 0753 PROOF OF PUBLICATION STATE OF COL.ORADO CJS. COUNTY OF EAGLE I, Steve Pope, do solemnly swear that i am the Publisher of The Vail Daily, that the same daily newspa- per 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; that said newspaper has been admitted to the Unifed States mails as a periodicai under the provisions of the Act of March 3, 1879, or any amend- ments thereof, and that said newspaper is a daily newspaper duly qualified for publishing legal notices and advertisements within the meaning of the laws of the State of Colorado. That the annexed legai notice or advertisement was publ�hed in the regular and entire issue of every number of said daily newspaper for the period of ................. consecutive insertions; and that the first publication of said notice was in the issue of said newspaper dated .......��.,. �2..� �' ....... ... .............. A.D. �,,,�,`.,�,.._ and that the iast publication of said notice was in the issue of said newspaper dated.��::�:.Z�...... A.D. .......��g:......... . in witness whereof I have hereunto set my hand this .. ��day of .......�.��. �E�� ............. .. ..... . ..�(.l,,,(.�,.,,,� ..................... Publisher Subscrib and sworn to before me, a notary public.in and for the County of Eagle, State of Colorado, this ....��:�. day of .............�.iJ..4)• My Commissian /�p J. Sc\ �Q�v �VOiq�qy � U) � � �� �ii�L�c O � �P „ �'io,. � CO�-� �.�.\o --�: .:, �. rruniage rtoaa-_vail, Color MEMBERSPRESENT. MEMBE 12:OOpm -TrainingS'Lionshead Re Master Plan (lunch provided)60 minut� Site Vlsits: 1:00 pm ° 7.Williams Residenge - 2570 Bald Moi Driver: Bi0 vwage Filing �3, and. thereto. (PEC070036 ; Appiicant:i Ed Wiilia Hein Associates ; Planner.Bill Gibson ACTION: ' ' MOTION: ! SECON[ CONDITION(S): 45 minutes 2.A request for a fina iplan,'putsuant to Sec Plan Required; and £ Uses; Vai1 Town Cod ment of Solar Vail into Va �ENT ment 'ApplicantSonnenalp Properties, Inc., represented 6y Gwathmey Pratt Schuitz Lindall Architects, P.C. ;Planner.Scot Hunn- ACTION: - MOTION: 'SECOND: ' VOTE: coNOmoN�s�. 45 minutes °3:A request for a final reoommendation to the Vaii ;Town Council, pursuant.to Section"72-3-�, =Amendment, Vaii Town Code, for a prescritied `regulation5amendment to Chapte�s12-23, Commercial Linkage and 12-24; Inclusionary "Zoning, Vai[Town Code, to establish standards I `and criteria related to mitigating employee housing i requirements', and setting forth details in regard thereto. (PEC070075) ApplicanCTown of Vail Staff/Planner. Nina Timm`and Bili Gibson ' ACTION: ' MOTION: 'SECONO: VOTE: ` CONDITION(S): 'ifl........�.,_ . . .. . . 1 V, Am reg ; c.o� alla tem Ilan� ....................... °:;APE ................... . ...................... '- � , •`` PIaP ; Notary Public ' ac� 71pN5 ' SECOND: e � ,vaa i ne.pubuc is invited to attend tfie project Stientation and the site visits U7at precede the �ublic hearing in the Town of Vail Community ; )evelopment Department: Please call (970) �79-2138 tor add'Aional information. Sign Ianguage interpretation is available upon °quest with 24-hour notification. Please: call (970) ! 79-2356, Telephone for the Hearing Impaired, for ' iformation. :ommunity Development Department 'UbIiS_Fiyd FPhrna -�� - �nno ... ..•-..� il TOWN OF YAIL � THIS ITEM MAY AFFECT YOUR PROPERTY PUBLIC NOTICE NOTICE IS HEREBY GIVEN that the Planning and Environmental Commission of the Town of Vail will hold a public hearing in accordance with section 12-3-6, Vail Town Code, on February 25, 2008, at 1:00 pm in the Town of Vail Municipal Building, in consideration of: A request for a final review of a development plan, pursuant to Section 12-61-11, Development Plan Required, and Section 12-61-3, Conditional Uses, Vail Town Code, to allow for a redevelopment of Solar Vail into a mixed use development to include Type VI employee housing units, professional offices, subterranean parking, and public utilities installations including transmission lines and appurtenant equipment, located at 501 North Frontage Road West, Lot 8, Block 2, Vail Potato Patch, and setting forth details in regard thereto. (PEC070052) Applicant: Sonnenalp Properties, Inc., represented by Gwathmey Pratt Schultz Lindall Architects, P.C. Planner: Scot Hunn A request for a final recommendation to the Vail Town Council, pursuant to Section 12-3- 7, Amendment, Vail Town Code, for prescribed regulation amendments to Section 12- 14-20, Commercial Core Construction, Vail Town Code, to allow for the extension of the commercial core temporary construction signage for businesses, and setting forth details in regard thereto. (PEC080003) Applicant: Town of Vail Planner: Bill Gibson The applications and information about the proposals are available for public inspection during office hours at the Town of Vail Community Development Department, 75 South Frontage Road. The public is invited to attend project orientation and the site visits that precede the public hearing in the Town of Vail Community Development Department. Please call 970-479-2138 for additional information. Sign language interpretation is available upon request, with 24-hour notification. Please call 970-479-2356, Telephone for the Hearing Impaired, for information. Published February 8, 2008, in the Vail Daily. PROOF OF PUBLICATION STATE OF COLORADO SS. COUNTY OF EAGLE 0755 I, Steve Pope, do solemniy swear that i am the Pubiisher of The Vail Daily, that the same daily newspa- per printed, in whole or in part and published in the County of Eagle, Sfate of Colorado, and has a general circulation therein; that said newspaper has been pubiished continuously and uninterruptedly in said County of Eagle for a period of more than fifty-iwo consecutive weeks next prior to the first publication of the annexed legal notice or advertisement; that said newspaper has been admitted to the United States mails as a periodicai under the provisions of the Act of March 3, 1879, or any amend- ments thereof, and that said newspaper is a daily newspaper duly qualified for publishing legal notices and advertisements within the meaning of the laws of the State of Colorado. 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 ........�...... consecutive insertions; and that the first publicati� f said notice was in the issue of said newspaper dated ......:���-!••�-•��••••••�••�•••• A.D. ....�..�-�...�.�.... nd that the last publication o�said notice was in the issue of said newspaper -��, '}d dated....��,� ............... A.D. .............•l�.':• �.......... In witness whereof I have hereunto set my hand this�.�.. day of .....:�t��--•.••�:b.'•��� ........ .. ....... ... .. ... ................................. - Publisher Subscribed and sworn to before me, notary public in and for the County of Eagle, State of Colorado, this ....L�?���..�......... day of ..........�.'���--•�......L.�d � nny J. � - �OTARy <.a N \�j. �1a�LIC Q„4 ryo ���'� r�it'fl4`',.�tr�\... Type V offices, Fionta ! Patch, (PECO' :,-� Aoplic�. ; by Gw� Planne A reqi {!Town iff Amen i-regul� at in �ck 2; Vail Potat� irt regard theretc businesses, ?d thereto: orientation and the site visitsthat precede the public hearing in tfie Town of Vail Community Development Department. Please call " 970-479-2138 for additional infortnaGon. Sign language interpretation is available upon ' request,-wrth 24-hour notification. Please cail ' , 970-479-2356, Telephone for the Hearing; Impairetl, for information. � Published February 8, 2008, in the Vaii Daily.' . ...... ................::�':� . ..... � Notary Public I� t1�tTi`[i77,\�1�11I1 fl TO: Planning and Environmental Commission FROM: Community Development Department DATE: February 25, 2008 SUBJECT: A request for a final review of a variance from Section 12-6C-6, Setbacks, Vail Town Code, pursuant to Chapter 12-17, Variances, to allow for an addition within the west side setback, located at 2570 Bald Mountain Road/�ot 33, Block 2, Vail Village Filing 13, and setting forth details in regard thereto. (PEC070036) Applicant: SVII c/o Ed Williams, represented by William Hein Associates Planner: Bill Gibson I. SUMMARY The Applicant, SVII c/o Ed Williams, represented by Bill Hein Associates, is requesting a final review of a variance from Section 12-6C-6, Setbacks, Vail Town Code, pursuant to Chapter 12-17, Variances, tc5 allow an addition within the west side setback, located at 2570 Bald Mountain Road/Lot 33, Block 2, Vail Village Filing 13, and setting forth details in regard thereto. 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 a.pplication, subject to the findings noted in Section Vlli of this memorandum. I1. DESCRIPTION OF REQUEST The Applicant, SVII c/o Ed Williams, represented by Bill Hein Associates, is requesting a variance to accommodate a proposed renovation of the west duplex unit at 2570 Bald Mountain Road. This proposed renovation will include the construction of a 293 sq.ft. garage addition (expanding from one bay to two) on the north side of the structure, an 108 sq.ft. entry and master bath addition (enclosing the breezeway between the existing house and the existing garage), and a 211 sq.ft. second story.bedroom and bathroom addition (located above the existing and proposed garage spaces and breezeway enclosure). Approximately 13.5 sq.ft. of improvements are proposed on the both the main and upper levels of the structure within the required 15 foot west side setback. A vicinity map (Attachment A), the previous architectural plans (Attachment B), the revised reguest (Attachment C), and the revised architectural plans (Attachment D) are attachec! for reference. I I l � ' c �_ � i � : ( e7 : Z �11) ' � F 7 The subject property was annexed into the Town of Vail in 1972 and subdivided with Town of Vail approval in 1976. In 1978, the original developer obtained Town of Vail design review approval and a building permit to construct the existing duplex. The originally approved building permit plans show that the duplex was to be constructed 16 feet from the west property ' boundary. In 1981, the Town of Vail approved an addition to the residence based upon the original site plan information. In 1982, attorneys representing the owners of the adjacent Lot 34 sent a letter to the Town of Vail indicating that the subject duplex was not originally constructed in its approved location. The letter also noted that the approved 1982 addition was actually being constructed on the adjacent Lot 34, rather than on the subject site. There is a hand written note on the file copy of that letter.that reads: "Resolution was encroaching was removed." A copy of a 1980 Improvement Location Certificate (ILC) showing the true location of the subject duplex was submitted in a 2002 letter to the Town of Vail. Based upon this ILC, the subject duplex was constructed within the west side setback and has been encroaching upon the adjacent neighbor's property for at least 27 years. In 1992, the east unit of the subject duplex obtained Town of Vail approval to enclose the breezeway originally separating the house and garage. In 2007, the east unit obtained Town of Vail approvals for a new entry awning. The Planning and Environmental Commission reviewed a similar variance request by the applicant at its November 12, 2007, public h'earing. At that time the applicant was proposing a larger addition to the home with more substantial encroachments into the property's west setback. The Commission voted 7-0-0 to deny that variance request. The applicant subsequently filed an appeal of the Commission's November 12'" denial. On January 8, 2008, the Vail Town Council tabled the appeal discussion to February 5, 2008, at the applicant/appellant's request. . The applicant and their representatives explored various design alternatives to the proposed additions that would substantially reduce the requested encroachments into the required setback area. Based upon the applicant's request to amend their variance proposal; at its February 5, 2008, public hearing the Council voted 7-0-0 to remand this request back to the Planning and Environmental Commission for further review. IV. APPLICABLE PLAFdNING DOCUIVIEfVTS Staff believes that the following provisions of the Vail Town Code are relevant to the review of this proposaL TITLE 12: ZONING REGULATIONS Article 12-6D: Two-Family Primary/Secondary Residential (P/S) District (in part) 12-6D-9: PURPOSE: . The two-family primary/secondary residential district is intended fo provide sites for single-family residential uses or two-family residential uses in which one unit is a larger primary residence and the second unit is a smaller caretaker apartment, together with such public facilities as may appropriately be located in the same zone district. The two-family primary/secondary residential district is intended fo ensure adequate light, 2 air, privacy and open space for each dwelling, commensurate with singie- family and two-family occupancy, and to maintain the desirable residential qualities of such sites by establishing appropriate site development standards. 12-6D-6: Setbacks ln the primary/secondary residential district, the minimum� front setback sha/1 be twenty feet (20'), the minimum side setback shall be fifteen feet (15'), and the minimum rear setback shall be fifteen feet (15'). Chapter 12-17: Variances (in part) 12-17-1: Purpose: A. Reasons for Seeking Variance: In order to prevent or to lessen such practical ditficulties and unnecessary physical hardships inconsistent with the objectives of this fitle as would result from strict or literal interpretation and enforcement, variances from certain regulations may be granted. A practical ditficulty or unnecessary physical hardship may result from the size, shape, or dimensions of a site or the location of existing structures thereon; f�om topographic or physical conditions on the site or in the immediate vicinity; or from other physical limitations, street locations or conditions in the immediate vicinity. Cost or inconvenience to the applicant of strict or literal compliance with a regulation shal/ not be a reason for granting a variance. Chapter 12-18: Nonconforming Sites, Uses, Structures and Site Improvements 92-18-1- Purpose This chapter is intended to timit the number and extent of nonconforming uses and structures by prohibiting or limiting their enlargement, their reestablishment after abandonment and their restoration after substantial destruction. While permiitinq nonconforming uses, structures, and improvements to continue, this chapter is intended to limit enlargement, alteration, restoratian, or replacement which would increase the discrepancy between existing conditions and the development standards prescribed by this title. Chapter 12-18-2: Continuance Nonconforming sites, uses, structures, and site improvements lawfully established prior to the etfective date hereof may continue, subject to the limitations prescribed in this chapter. Sites, uses, structures, and site improvements lawfully authorized by permits or regulations existing prior to the effective date hereof may continue, subject to such limitations as prescribed by such permits or regulations. V. SITE ANALYSIS Address: 2570 Bald Mountain Road � Legal Description: Lot 33, Block 2, Vail Village Filing 13 Zoning: Two-Family Residential District Land Use Plan Designation: �ow Density Residential Current Land Use: Duplex 3 VI. l/I� Lot Size: Hazards: Standard Setbacks (min): Front: West Side East Side Rear: GRFA (max): West Unit: East Unit: 46,483 sq. ft. (1.067 acres) Moderate Hazard Debris Fiow Allowed/Required Existinq 20 ft. 15 ft. 15 ft. 15 ft. 9,438 sq. ft. n/a n/a Site coverage (max.): 9,297 sq. ft. (20%) 45 ft. 0 ft. .� .� 6,255 sq. ft. 2,806 sq.ft. 3,449 sq.ft. 3,764 sq. ft. (8%) Landscape (min.): 27,890 sq. ft. (60%) 38,494sq. ft. (83%) - ... -. 35 ft. 0 ft. (additional encroachments) no change no change 6,697 sq. ft. 3,248 sq.ft. no change 4,294 sq. ft. (9%) 38,278 sq. ft. (82%) Parking 6 8(3 enclosed) 9(4 enclosed) � West Unit: 3 4(1 enclosed) 5(2 enclosed) East Unit: 3 4(2 enclosed) no change SURROUNDIiVG �AND USES /�ND ZONING Existinq Use Zonin North: Residential Two-Family Residential District South: Open Space Outdoor Recreation District East: Residential Two-Family Residential District West: Residential Two-Family Residential District REVIEW CRITERIA The review criteria for a request of this nature are established by Chapter 12-16, Vail Town Code. 1. The relationship of the requested variance to other existing or potential uses and structures in the vicinity. The existing duplex structure does not conform to the minimum 15 foot west side setback requirements. It appears that an error occurred during the original construction of this residence and the structure was not sited in its approved location. This error was not discovered until several years after the initial construction was complete and after a subsequent addition was also constructed. Since the existing structure was not lawfully established in its existing location, the structure is not "legally non-conforming" in regard to the Town's setback requirements. 0 Staff believes the proposed enciosure of the existing breezeway and the proposed garage expansion further the Town's development objectives of creating enclosed parking and connecting residences with their a�sociated garages to create single unified structures. The neighboring duplex, located to the west at 2550 Bald Mountain Road, is sited further downhill (south) from Bald Mountain Road than the applicant's duplex. The neighboring property also includes mature trees and substantial landscaping directly adjacent to the applicant's proposed additions. Therefore, StafF believes the proposed breezeway enclosure and garage expansion will have only minor impacts to the existing and potential uses and structures in the vicinity in comparison to existing conditions. The November 12, 2007, Commission packet included a letter from the Applicant's western adjacent property owners, Rocky Christopher and Dr. Ronal Wollard, stated that the previous proposal was "acceptable" to them. Staff believes this revised proposal will have less impact to the neighboring properties than the previous November 12th design. 2. The degree io which relief from ihe sirict and literal interpretation and enforcement of a specified regulation is necessary to achieve compatibility and uniformity of treatment among sites in the vicinity or to attain the objectives of this title without a grant of special privilege. The Planning and Environmental Commission has consistently granted setback variances for new garage additions to homes that were originally constructed without garages or with inadequate garages, since the construction of a garage furthers the Town's development goals and objectives related to traffic and parking. The Planning and Environmental Commission often found that the location of these homes on their sites created hardships warranting a variance. Therefore, StafF supports the construction of a garage addition within the west setback to allow the Applicant to expand the garage similar to the east unit of this duplex and other sites in the vicinity and within the Two-Family Residential District. The Vail Town Code requires duplex residences to be physically connected to their associated garages to create a single, unified structure. The Applicant's proposal to enclose the existing breezeway to connect the existing residence and garage achieves this Town development object. In 1992, the east unit of this duplex enclosed the original breezeway separating that unit from its garage. Staff believes the applicant should be afforded the same opportunity. Therefore, Staff supports the construction of an addition within the west setback to enclose their breezeway similar to the east unit. 3. The effect of the requested variance on light and air, distribution of populaiion, transporiation and traffic facilities, public facilities and utilities, and public safety. Staff does not believe this proposal will have a significant impact on the public health, safety or welfare, public facilities, or utilities in comparison to existing conditions of the site. 5 4. Such other factors and criteria as the commission deems applicable to the proposed variarice. VII1. STAFF RECOMMENDATION The Community Development Department recommends approval, wifh conditions, of a final review of a variance from Section 12-6C-6, Setbacks, Vail Town Code, pursuant to Chapter 12-17, Variances, to allow for an addition within the west side setback, located at 2570 Bald Mountain Road/Lot 33, Block 2, Vail Village Filing 13, and setting forth details in regard thereto. This recommendation is based upon the review of the criteria outlined in Section VII of this memorandum and the evidence and testimony presented. � Should the Planning and Environmental Commission choose to approve this variance request with conditions, the Community DeVelopment Department recommends the Commission pass the following motion: "The Planning and Environmental Commission approves, with conditions, the applicant's request for a variance from Section 12-6C-6, Setbacks, Vail Town Code, pursuant to Chapter 12-17, Variances, to atlow for an addition within the west. side setback, located at 2570 Bald Mountain Road/Lot 33, Block 2, Vail ViNage Filing 93, and setting forth details ir� regard thereto." Should the Planning and Environmental Commission choose to approve this variance request, the Community Development Department recommends the Commission impose the following condition: "1. This approval is contingent upan the applicant obtaining approval of the associated design review application." Should the Planning and Environmental Commission choose to approve this variance request with conditions, the Community Development Department recommends the Commission makes the following findings based upon a review of Section VI1 of the Staff's February 25, 2008, memorandum to the Planning and Environmental Commission, and the evidence and testimony presented: "The Planning and Environmental Commission finds: 1. The granting of this variance, with conditions, will not constitute a granting of special privilege inconsistent with the limitations on other properties classified in the Two-Family Resideritial District. 2. The granting of this variance, with conditions, will nat be detrimental to the public health, safety, or welfare, or materially injurious to properties or improvements in the vicinity. 3. This variance, with conditions, is warranted for the following reasons: a. The strict literal interpretation or enforcement of the specified regulation will result in pracfical difficulty or unnecessary physical hardship inconsistent with the objectives of Title 12, Zoning Regulations, Vail Town Code. • 0 b. There are exceptions or extraordinary circumstances or conditions applicable to the same site of the variance that do not app/y generally to other properties in the Two-Family Residential District. c. The strict interpretation or enforcement of the specified regulation will deprive the applicant of privileges enjoyed by the owners of other properties in the Two-Family Residential District." IX. ATTACH�iiENTS A. Vicinity Map B. Previous Architectural Plans � C. Applicant's Request D. Proposed (Revised) Architectural Plans � AiS��V�--'-a. ,4tfachment � __ ` ��,. ,�, J'/' ` \ "".��-� -- `./'� / `�`,___.—`�i^`}^l� I .-" ' /' .+�' / / �,. r '^ � � �.+• ' , �_- � , ' '�/// � ' /"' V � 1 ��..__.._._.�ilF�".----�"_ // �'r.�..�� . ____�.>�� -..,.,,� r' v �"�64 � � — :e�.,...._— ; ---�.��^ �--...,.,� �� � \� �-----•---- � _. �"""'.�. ' _..._2�87'L„'"""'_ --,��.._.,-'"�'�- --- •-`.'`� � i-'- ----�•�\ . -'-£�"7 fi -"-_" "- � , ...-.----""-, . ��----. ' -- - t�311a -" """ — ^'". \ � \�� ��� � ��� �� i`l°-��" ' . �p�,7 P��„i'p'{' �j� tt.Wi`.F- W!d- Et:�//ffey-i 'i I� � cr'.�Gi.4' M?aN t�ae�.. ta.eVa-11cu L� 687c.t� u� �..v�-y�vnTicN ic��o" = bs�6.s -----�:r— � . . . .i, \` � O I ' _ � -----°— -------- � j'.� (.-- — ,� � . \ .� �'�' -------- % ' f � `�--- � � ,, �_ '.� . , ., f� � rur .+H�r w�:�-r uNm �'�` � I ,� � I�I` � I � • ; � � ' �,.J . #ffr.rti tf FFOPC^.� i. r •' . ' ' � .. :;,' ��/ (�511C.nEP)iW.�f�i-I , � _ � .• � I / � ��. : / . i I , � . •. • '• <' ' '-� �— F�- \�,,--�7c-� t�w :1eNE r�xa�Hir� wru- \ �� .Jl""� eiS�57M� j, ` �`i6fWcL7 t7�rIVE.. �fYU'TR# F-�x�s�'(IN���4J/\ I� •` I ! `� ; � \�� � V f �— —�—. -€•^u78-�---""'� �. � / „`� . ♦ i ,.�� �._ '., '�/G�_..__.— — —P��>--^.... \`•� /—.�, _,_,�/�' --'", � \� `.._..----^"'"` �I_ j--' � � J� �-'�,� ,,.---/ � ."—^L`�.,�2""" \ � � •----''��—_ ""....—� ,. "i •�- � I .,/ \ � r --"_ f,�/'•— J � \ `! � _..-..,.- ...1` . . •<=°'y' \ J .�'_ "' -" !' ,r. f . � ~�� -..--"�r ��'�� � � '..—� _..-,'' •,r�,'. u-- �\` _-------'�'',� '"_--- /''' �pl,. ___.. �---� � -;� .'' ��,��� - �� �.n;�. _�,,\ ; � � � �� /� ��='•7� � ,..P�57G UHE� �,/i/r+n��/� . ,�.,U�., 41'�� / �IT�: i�w. '. �� ira.�� /I�.•���P M� 2:S�D P-�°�U� N�UNTAIN f�1� (W�i' LwiT� V?�IL,�I.�F�tG�G7 81G%"1 � � R i � � � ��- , u . �6 a ,...- : ` � �� �j�f'' . r Z � i "�, ° - • G � i. " � _ i ' ' ^ n a oro . � ' a � -,�.�� z -- u t"�'? o� _� s � � ° � �i 0 o -i ' A ' . a � ' 0 � � 0 : z '. 'u o� .'�+ Z O � � ' � �' `_ __ 5 I ~ ( r I o N � � � ���€ � ' `4�� ' --__ ' � o ' � . 1 � y / � �./' I '� / �.+-"� '�"i� ��� / � / / . / � � h� 3 i �?� . �^ra ..c& _�o� , "z �,�� _ �j� €{� A;,,7.. fiap, � �i�� lx-..T a ,'j'O $ry�� � t . . � �' � . . 9 �`s�F�� € $��� , . I ��� :. ��a� � ���� g�4 ��' pa. �_g6 e� 1 . - rfl5g �6 ' p�Y §R� ° ' ��� ,�, ' ;�� �., . _. oN4 �5�. '' ...-^" ^"" �. aS g� "a�^a£ � 6 � � , �-"'a°��E°oa: �} � �ys 5 � p� ' gA•°�FB�� A> ��� � s�g�� �i�°_o ���� �g5 R � RFp�a^8'��., �,9R a�,4e� � b s� Y�� � ` �a ��a��av"8 �s� p��� R la F ��A�� �`�A � �� �� � 1 �u�^���'��e ���. § `jP�4,..$�R'na . 'F.��� �oxr� � '^- �� � I � l�aR5���3��s '�� ����o g��o s �a° ,�5 � ° ..>z�R��"�ss Rq �$�� e ° 4� eF `�' t ' w Sq�y+ y°u N� �6 FoF1 6 �`�"��"'y> �a� 5@ v t e- �;.ds�;Ao�� ,. ��E �-e$ M �� �g � >�--"N_>� ,.� 2' �� � ���:. � ��� »y�5� @ s-� i '� a �� ' �"-ga4g�c,.3�� 3� 'q'�F. S� d6 e . q,��,4-:i:.��Aa� �°�a ��'r� �� ,Pz£ , °c-=L�'�� =a� �v � a ^R- � • e,�°4"-,�• a a��� �,qg� � u� F€s aa=:&•E�$�� �6 ���k ��a�2 �� ee a�� ?`^g�4�4>�" ,� P �£�r � sF , G6 . �g 4�a� �3 Pu ��� ,o a r� ? t /// �y„�_ A 3=2 / �Ra'� �a"p �b / a R6�` ��^ I R�.. °n 0 � `' � z 2C y , s N ��y ro > �en ° � m ��myro 1 ° �'iy�°^m� o .h�. � 4] ^' N c. n ' m ��s�s d ��zro.� o�o�� � zz`a^ `� �xsNn n ro C t � � � z _"--- � G1 H -- �_ ...-._, --�--- O f») Jl9�r! q, Jr"'_-^_. L6 q Ne�-_ l4 �..'7--� r � °� � o; _ _g� , . J,� ;�� � ,x,. � -'`---n,a, e � ...• t0Y 4p= � � � .�� � � F i : lii� � n� r �' ao '� . A L ���,�,,.b:30�"' �� ° I L2E'Y'€ � �',F�.�iJ2j8�� . � G N�e - -.(=4 �� � � 1 � r � � � 4 i� _ ,,tts, _ _ l tzo ' `�_ =>r � �a `_ _ �:� � L57� �:�i,.l;� j�i.aN"i,°.Ihl f�L',°sp!�J�"7 UN�'?"� V�IL, r'�t�°>Fz.�.R'.•� nl��'1 2.�'�'%�' �ALG i'I�LlN�1,�IN �Cr�i� (W��T' uh�IT} � l/?�ii.., Gc.�L���` z�)l `7 lr,. rL � � P'%�t7�%'�� e:�ci+t uN� oF 1?�P A�VE l�/P...�l� ���bp OPP.1�1 ^k> I�..Lc�v/� -0 � U.I'P�- I-�VF 1.. i�N� x��c. Y!t°-1�^" ��' . . . . . I.a.L�l . . . . � � � � �'-•- . ' GFfE f.� P-a'JF i '�'�r,,��e y r ;i ��� •��- �� =�i �, � � ��� � _-- � �� — -- _. _ �I ' ��I ��� � � dI � ��o�� � � u u I���� .I�� � � � � � � ��i,_=���� -- - ` ( �������� � i : �� � � ; � � ' ��� i �' , ` I�� ., � °°',�� �� ,� ��� �r. I ' i � i � ,� .....�. �� - - .�� 2;57b �Lt% N�'I.�INTAIN I�P?�� (WEST UNIT� VAiI=, �l..L`t�hiZ` �IG57 �� �� � p-e�F . � r, �; �, �� � 257G> �A�..[� M.�7i)N`fAln1 s�r�nr !w��-r' �;���-r1 ,���� ,.., ,..,...,,-. »..--.. � ; :`: .._ ; �' �° � � �� -�: N � � 3 �� � , �� ,, k. �r �� ir��,,. I���',. ,,� � •�f � r_n, ^z a:�. � r;• v�.� �,.�-re;� i o, r. � n ; � �.--,- � �. �-. . C � � ��c +- d� � o_, M; I� �� �� �� . 2�•`7�-`' Ed°�l-G h"1GY+,lNTr�,IN �='�'�i^� (�'� UN�) 'Vi°�1L,�L,��F�1G�...'`Y c`�I�`.�r � � � �� �7 (-4 '�� �`N \ �\ .. w� i�=— . . i • ,i� � -t\ YWn�i t..^-`.'GI..tGr.h� '��:�� 1....��4� 1 C,J�iI l I,�C�N I`'--t"'�V� i ih,�i.�r' I �i��� I`� �,�^•.''v. C..�i��e'�,A �l"� ?;!s!-/--..' . . . _ _ �f,� _ .� :,; � � . ; ` ' , �. , , ; , , ... l i... • .."1':', . "' '..' . '' .'�.. .' :..�. .. , �:. .�...'. .�) �.� � . � �'� �v. 1: � 1�,. .: . . � � ' � �'N; � �l=.i � � � � II -. , ' . . . � � � � i � � i. . . . . • ' . . ��_. . , . . . . .. . . . . II �� �" �'� � i�� � t1� r', ���_._ " ' _ � .... .'- . . .r�. ..... ..._. . . _. - � �, i a� ' _j � �I ��..— , ; ; ; � n , �o ( + �oY ,. . i ' ._ � r � ��� r-'1 c �� � . t'�� � r ; � � ' � � ' ' ' � � ' � _....�. F�� e� IO� � _ .. ._.... _ . `�� .: .; .., I I �'..;.. . ' , s . _ - F . _ ' . � I� I.. � I _ . , . /� . . "�:^, ': 'u .:� '.. �� "�'. . ; ' I . .� .. . :'1 . ... . . _ - � . �,: .. -lJ 1 ",�� A . . : iY . ' � � - - -- � � �. . 5�� . a i,. , t ...,'� ' : ! . . �_ ����'l '0 ��.. �� � ... ( ' .�IE3 . . . � .... . � ' ) u' " ��� '.� � ! ' � � � ( ' � � E . k " ' I ; � ; E � � � -�- y' r. . ; , , _ � ; � : r.. � k''.. � � m -� ' �� 4 � � `{=i i L i`"-�1 i u' o t(�i ro t � � � � i . � a� � k' � � � y �• Ir ( _ r !�u �_� i._a 1 �:� i J u . 0 � , I �v. � '. � . , t �� J . � r I . y � � i ( �' � I �`i Y � . _ M,�� _ � � .' . r 1- � �,. �� � I(.. i { ���i Ir_ .. L' ,�� si � .1, �p. � � �i 7 � , � -- �' M P`- . _' _ t— _ t Y'..: ' . }. � y p i ',: �II � � I � '�� � � , � ��T �° ` - '-� � A (;. - t 1 i� �� _i i � � I � � i ; a �� ` C + ,: i l: $u� � a a� i�7 i . � i. �', �� , � @ � �,. ��� � .s ' .. �r� �. . . i . _� f �,` W r . f� . . . t � �- t � � . a ., .. . � i i; . . } �� � � � ��t ' � �7G �, �, . ��' i ( ..�� y�� .. � � � L�z ' :s .. �� (� � . . fi � �- 3 � 1 �. r _.' �� ��. �� 11 . '`�� ��, � � I � �� .�6n� ' -a�' (° : o I �. i t ` i,i � � � . a' � � � ���� � .. �, � .�.�� � 6 i� �II-�i. i .: j �,. i I�' �' � . 1 1 S i5`� �� 7 t � _ ' k � � _, = p � j ' � �'" .� ; � , , � � p ! �Ir�a-r cj� � t.;+}�F� .��" `i �� � � i � 1� ���f.. � J :� i��. X r �F��' fi� z1 }.Y ' �� y �t t� i ��h'*Y � �� -�1 �� !� t i i �,� �f .' �-.� 4 _ �--� 1 i,�.. y . r"'T I �. � r' u � �,:� .._..;.._� ��1 �,.:�`_ � � j , c ' 4a E 7' l] { .: .�4 1 �F�, �r- .•—(�w } . tt ,+ i � � I r '' i � v� j � � *r� .: L `1` � I �' �?. �--- J �-j' a -7 I �' � � � ;� i i � ihj� t'� I r, 4 . t i r�. i i r� �� r r j �'� �. � J�[ _ �� �� � 9 � i ���' �cy i��f ��-� � r � ? 1 � ��;4L 1 t �� t � � . , i � �- ; � � 1 �1 '�'SEf �! " j° �'�� � '�i� L � � 1 e'� . �'iM' f ' � � ��.� d�� � t f , . � � r � 4� F 4 } �Z r i y� �{I � �r �� e 9 t �„r � � � --�. � a� � i �-.; � ,.�p � x : r�o ( � � � � �. �8 . . ! + . .., s �� iJl. *� '� r �I�� .� . : .. � i a �j�� P' ♦ � ��E„'' i.l'a �ti.'� r r7 �j ( +� V�y�, � � � r t .�.. � � r a� �t� �` I ;� .�'. }n"N � � ' I : ! .. ` `. . �, R3 r�r 'fty � f�,+ �5 �., �i l' S'�' j � 15.�{b1i) �,±i j ' 1 .� c ,�, ��i� i I � � `� 1� �{..�ri l �4 {�'% � t .`4 �{ �t �I �x r �{r,,j �...- �� � �. �� r l..�. S . 6 . �- a ��a . u .:� 'Q..� �.5 t �I �a l �/'� kp ir . � � iF a '-1' . . � � k4 7 — . ". �' . � � a yj$ + �'�� ts�p �� � �I � � i i5 -� � — � - f' ° � ,a'e + ; � i� }� � ���n I� �.'. � , J i ' � � ! . �� . Y �.y .1. �r � �� -. S d � � r � � � d� Zy��t� t ��� ° � . e z � � i �+�{� � ,. � � � ' a .. - � � �. . 3 J t. <i i � l� ��� �.: .b �o �+ .�5�1'p �� t a . �a s '� S' - � & � .t � .:t � . ' S' t3 �}r'dJ . .j �� I � '�� P '�_ ; ,p F { � � ��`� ���F� � 4 ; i �;;:' � � � y � � :' ` k v , i -� : , ��, � � 1 ,s i � i ��a. �; � !' ' �. ;' T p i i ; i; Ta �y '. 0:� :� -,- ,,, - ... _��i -.-.-� . 5 � � T � ,� � � : : ` �� = � -t - - -- �- t ; ��� ,� � , . . . : ' �... F1° `bN-1 ..'.. a t S � � { . J . _ ' .. ' _.. ( a . . � _.,... . . - "-t � . . . .. .. _"_ . .. , _ . .,. . . . �..; -..:_ ,Y;.LnH . _ .� • . . . i. � �,t �� 1 r� � `" � , . � — � ;� ; a, � ���v n j i i ��f! 1 �_ � a:� + j i� . n. � � �.a '� s. � �, i ..'^ i .�'p � ,. I ,.. j � � � � �) � :d ..' � �. . . ':� .QR +. � ii�' �; q � . .. . �� � �r��=t i � .. �� . ( .r � i 1 � � � 1 'C T Y�qY , � I i �. ' ; , ir � � � � f e . . rk�h i, i �, -i • I ,���v�� � I �� . . � .� � i" � . . . ±.. . : � � .� n c' , I' -t � .- �- Y_1_x - �nC � 9 - .. � � . . , f, , ,:�a � - Ti1 ,.' � �' �� � ?t t �� _ ' �' �� . �'4 .._ �: `�. �- 6' a ` .: � �r�'r....: ��::�: ::. ....--��—i � . _ �....._.p � . ,h y '_ I ' 1 :q...�" _ id� . _ �n . � 1 I. ^ ` 8e�� R� i gQx ' ; I , ' � i; . k§ . a i�r��'" pte.• .:�r . �.'�e 1 .i.`, 4 f � {� . � . Jf i$s � . l : � � ' �F� ° '� ; -; � . � .� ���1��_'�., :•`rJ: g g �O��F � , ,. ��' o'Z NF`('�` �° . 4 t'k� 8 ;r�y - ° b'-�� o .. � . .�, +l) (:� � Tq I� . i : xp9 � ; i N � � `. ., ''^ ; ii.41b' " ' . , . t jpY � �Y' 4i�G . ,'s. 6 s I ; +, �, � a � o u °uE � i , (�: �y � � � I _ �� e '. I ' d'p I � �" - :.3- ..... . i �� * � -- . . _. � . . _ . . . I .. . . . ' _ . �kL ,, ; i ` wt f � ` . -',f' * � ' � � � ._J f ° .:`l�: 4 , T. ' ... . 7 � ye . . . V�. ��. a.i^ _. r.�.y'�"4 .._ .._�.,_ , . oµ�, ` .. m . . 4 4 "__. _.... �!._ . "'i ._ .. . . . . . /� ......_ ; I . � '. �CJj �!�i(r` il/J ' Iri1 � �� . . .�� n� . � _ _ i � i r WQ�` � �'a , (� � ' d{ , �d ! t _ � i �'ii�' ° .� �� �7 �' . ����`�*1 .. . . . ,. h�s% S . ��'°,� . . � ... _. ... . . .._ . U ' . J•.� . IK.ID . �. ,....... . . .. 5�.: .. ._...... p. �......♦ ._......_.�:°........___�_ �D ; ' '�:"_'""'�""_""_"'_._..�......._....�__. � I_ �6 �' � � I ' 4 C i ,_ . .. ' .,.. _.. . ia,..... _...-�� �9d ..4�8.� .:....._._._ � '''�q---�...._,.._..._.. --..°--t'-.° ---.,_.i��_ .�d�� . ..c , , . .. -_`_ .___. -t.._. . � --_.. . . r.. _ � . . ' � � � � C 7 . : '� � . ' . 44-6 - _ _ . . ... .. . _ _......__» � � . . . . �_.�� � � � _' _ _ _� � _ '.v,�c..�___ � . � . � �,.. .. . . . . - . . . -. . ' . � . . . ' . ' �� t�_�: L--1�� I i.N_.('-."i. _�--� Tl.�i I ('�--~--��i...C.- _ _— . . � � ' . � � ` ') , IVC.:3f u�71"'f , � �J�J ' �j �i }"G I.�� � ( 4-') N"�? t'" t'�O � - • 2.�7C• �hW MG'.�NYAIN R�y:� ,�� � . � . ,4a.' �..a: �c • �. talL, c.,'Y.c4a,G� . �!/--- � .., .:.., .. '�� � � .... � . Gc?�p2�'�7G'a ,, . ..... _ : �ya� ��,� . � ` I i � s :,� � . ', ..�..`-,_ . . `�:t ,. . - . , . . .. - . .. . ... , , . •. � C ...a,_.S � .4...... . r � ..:.. . ,. ... .. �., . .. � . . , " � � � . ' . . � � . . -�:� . . . :. . . � . . . . . . . . . . .. � -. . . .. - .. � . . .. . . . ;:: . ., : . ..� �. � ; . � � . . . . :.. . .� . . .. .. � . . � �. ,�`: r ..... .. .. � ... , .�>..,. . .`Yj. `.,. � .. : �' .� ... ��� �c .�� � � ' . .. . .. . . , :. ; . , ; ' ., . . . . .. . ..:,�, m t�: c� _.... . .. . .. .. , . _ _ . .:. ..- ; .o y .. , � i tf' . _ _ .._..,...�_........:..#..'—'—.._.:._' _._p.._. _.._._.'_...:�--'._....__._._.._A . . . .. .,,. . I 111 ( � � . -. . . .... . . � �`. . - -----=------ � -�.... __._. ;..._._ _.. :._,_ �_�. '.IF . . .. . , - . . . . . , � ' -� . fi�. : ,I � i .' i . . . ., .. __ , .:. , � i � i - � ��,) I..;+ tt-- ----G ---------a# s . " . I.... '.. .. . � �B � , ( ' ' yx. . ' I ' 1 . . ' I , . , " � � I��� `� �^ �� `� .� � �� �) � � _i �,zl � I ' C� _. i 1--- - -•� :.: � �- � i' 1t ' � .� , k I � . � �) '�� � �� � � � , � Q � - C6 �� i � ; .. ;F i G`) p �.�j ., � a � � ° � . t. .1�. �Y � .'i, � � V j ��� � � � � : %a � { y Id i : I �.: ' . ,:� .,_: ,.__ �� .._.; , 1 � � ' ,� -. . _ . . . . .�, � -1 w , � � � (���('�', r(�" '�, t T— � --� i`Q � � �, � ' : � . � .�r� � �:. . . �� i ;; � t�: � � ;r ;.� .�.- � ; �J. , �,.. .,; . . '' � � y, r i. ;t � e � � :�r -i.. � �a.' � f ` �, 7 r � ; � � C� j�' � �7��'. I , � . � ,°E� 'L� r Ir,:�i ,. � s '- i j � ;, � ; ;. ` t'i � - --a . m. : . -- ---- �+ � � .�, . ; wi � � 7i5 � �s'�s. � i t � � a s' . � ' . � .}' .� �I�e ,'1 `��tc f� �, _ �` .' ! 1 �. ' ; it . � . .� � ` � � ftl . } � ' `' �IS , � . - ' a�� , � �' i �t' I 7Y«r ��•:; a . � " .. � � g . , -. .. . � .�' ` fe r :� "� � . .. � v._ � . � . . . . ' � . . . ' ' ,'f f-0 ! � �,� . �y'. '�� .. I.: I �s. . . ,� , � � ! . �. . . .� . _: _ . � �. � �- : -+-` - "����.,.-.,,—>�_,��„ 1 -} -- � -; � `Q �, _._� _. . .. .. - � ' � �. �� 1���'',., .r �! 1' � . . .. 1 � � "� . C '� li ..LS- w' � � , ��. ( . _ ' , i? � .L � .:.—y "'' U � �. lal r � ,s � �l" �.. E ., a . ♦ �e �8 1.� . _ i:�j�.�. !� ic ( ` r 'GC) � � �c � � ,o �� � �> - � � � i QT�� �} �.,� ���„��F �;," ^il�: �, i , E. ,.� �..,_ C_. � i .�. . ;:s o � i aa � � I� � C b d� �� �. � a ., _ � _�-- — �{ � Gc1......._ _. . _ � .. ��;_..� Iy,.. � � � � + I � 9 t l, ��W _.. �} .... � , ^ ,� . r ...:T.�.�' j� \ � j ��m•i . ;:. Va �'rf91 :I .�{ . %` �✓� 1 �/:l `� � �' u ! '�1 3• ..._ ' � ` ' � � � Ic � i n 4 � ..._. � k �v 4-.. �.�r� q. �i- ��' � : . . � q" fi�, J�, < y� . ...... f':o,.. � �1� y� S. . c. 2L*cT v uf� ' i' , � '�I I:VB� ; \'t S � ^. _ i1_..._ .. ... I7..._....... ..._...-l+i ,A � �' � ' d ;o � U' ��4�i ti . � � � � �. J. . e 4-� 5 . 4 g. � ¢Ml__. . _ 1Z _✓91 . 5� �4 �� i , �.� LL-�---- 1,- - - -�- i � o R, : , �a � � �.: i a; a� � i . ' �= - , - - �, ; ; �.., .. . .. .. _. ,. .--,--_-- i-. _ . ... {fl � . - -� �---=- �---------- � :�, r': . �r Y 3 I :r�bi�� , i {; ,t , , , ���r�� ' • - �, ; '� ( . _.._... .....-. . t: p ° .. . ., _17 ..... ...,.. . tl ..: ......_(S � el,. ,e ,. �'fiQ�e�c .. . ' 't• i• "i �`�, . � pV ?�. - p� f 1�, ,?, . �� . � .� ; �� � . ; S� , j ?; , � � � i : l . 3�.. : � O � U G O �) v�� i . 0 ..e . .. ;�� �XISTiN -C'-�, c=,GN_IiIYI�N.� , --._.._...__.. i�: t�e:.-r u�rr . 257G er,yG n:%urC!'AIN r4�+r.: c. 47+IL, cc1.i"Fh�.^ vi' � � ,`�„�' ;pG'� 2 � ...:;;�.. �. , .; . �. . r . . v� ��.. '� . . . _ .... 1��-' �.I�.I;�i�,. d����a- '. , n tJ . _ � . .: ; . �. . �J 4� �" ("7 C�)` e �{� Cj ��._..__.� _ • r' ��I�F : _ ` ' � -- --� -�-- -- ---._- _•.---. ._. . -- -.- ...-- --- . _ ._... �-------- •::--..._._..�-- ----__�._._--.�: ��' _ .. .. _ , �; . • , _. _...- - - _. . . _. - . ; � � • �� �; . . � . , , �j _: ; ;._ t �i ; � � -- _.-- ------- � �� r -- (-- -�, i ; , �� ' ..,, . ��., rF � �. � J ..: . D � � \ ��--�� �Q� �.1 -.:. ::... .. ---__. .:_. :.. � � n,� -, -- �. ; � ,', C-� C�' - - , , � . __�` ..... ..... =�,f-1. .I.. ' �, � . ;� I ,. . ; �� � ^ , : j? ' ; . , �, Ig � � � � 4 ;� �. . �,_.�, � :�{�'��V . � � .. � � , i�.. � ;; . . � . t ''� , � � � t_ . ��.�. , I�} ' � � . i ,. _ ��i 1 r �'�� �� . ( '.( .'j � ' ' �: (" � - ` ' ,� ,,' �`�`��� ? .{� ' � I� ' I �I� � 'i ; f � ' 1 r , (i .° g � i �' ,� � � �p ' G► 'E�? � � ' � ' I' • i � ; � , � �. _ . � � .. . i( �.- {-:` I` �� rT�'� � � � `� � � : --- , � � � - � � . ..�#- . ... _ -0 � � y .. s � � ..� 1' � �-�� � li . 5 ' . . . � ' ' . ;: .. � �: � ..� � , � ' 5 �. � a ;ti gVw� la�� : �'a, . � �. . . �1 � � , ! � a .. j� . (s _ ---4a7-• �3 '� � � tl�� s�. A �,' � : �� i � n .�j` � � � ' . '�:.' . � �' � •� ..'... J r''� � � � � . .. .� �� . 4$ , i .. � . . �. � . . . ., o h� � , � � � ,,� ' � b � �4 , ' 1~ . . . . ......._.._....�..._ . . � . ... . � � r .A ,J') . _..... _ .. "" . .. . . � . ' . . ' . . r-i ��� h � .` 1 ��YQ:.. . . i � . � � � . �, y � i. ; , , ., � ��` �� a F� g � m �} . "7`-'�r��'�,"�- � �� I � � f , �n ;I. I v P � (S�. f I� -� .!I . , . . . � . i �� 6 . ' � —^ti -_•`_ I lo . B . . . . . , � ... «- . � . . . . . . . S� .. . � ' ..�.� . . . � ' A�� .; p ; . ��a{� `VY.� ;i.. � .'� . y m: t�- :� i. ' E�`' �3 : . .. ; � �'. . 0 � . �. � , '�j (^�' K � ; a . � i ^�r. 'i r�� �� \ ,. U i . � . �. �r-� p: . � �_ _�CL .,}, M 4 ' � GY� .S . ' / . . . . .� � . ! I��.�, � ' I� � ii."� '�', �� W� d' � `' i� I� c . . �+ � �' . �ij'? . . fi . . , Grti'� �� � �i . -�.�'3 � I � . . . . �.s .I � �j . � T : �' . � I . :;: . .. . . �.,_* . ^JI . l @. . y�. .i . '_ ' .. �3. � , ,; �_ �Z.� � � r� — ---...._ __ ,� a � . ; `S-L .�a`C!�. , N ���, I. �� , �`/ ' ��n�'N� Is.-e.Ya _,.��.�1? .�� o� . �'. t : . . . .__, a . .. . . � � � ��..� -�-,.-� -� i , ,. _. . , , .. .- � � -; �� T. _ . . .... . . . . . ....__ : � �.. A y ,, .f � , . i . I y.:0 l� ' ._ i . '. ,� .. ��;j.j ;i . . . .- :'( I .� � t� ' v'd �f t o y------- -= ----_ � _ �: � p �q � p�r� +;�(, i �i7 Ic F � +� ��v � : l.. -.-- — _ _'_ ,�: _ �,.i 1` i I: � : . 'h �� I o�i � ; . �,,.! , zv-o � . _..:�'° . � . � . w_._....T-� __.__. _...""_._.__ ._. _.._"_'_i._ .. ... .' _'_""._':� � '�. � C� U G c� �� � d ��:I�TIN ..�'-� � � .. c _ �tt ----.. _._... _ :-�'�.l`!.Gi-f�ic.. h�4._. _ __ f ' ��. Z��r �w r^���n�nw r-�i �.°"," 33 ,v�'�°c:� 2 ��t'" =�;_IN� .�. U41L., C�=1.O;�iG.r �(/`'.`��,; .� . . GO.�{� F-.,G? . t�i!�1�'" . :.. . . :.::� , i _ _ , , . ., ,;.: , ... . } � . " � �4, _ . . �� � , . Q . �-: 4, C�: O p , , r F' � _. _ _..�._ . . ' . �. . . . . . . . � , . i ( � .�. :. � . . . � . . . : . .. . .L � � . .... ..__._.. . .' ' . .�� , . . . . .. .� � �, . � . . . . . . . �� � � _..... ...F-. ._.. .----- — � . � --- --- ---- � � • .. . ✓ t - � ' .—' - . — — .,........_ ._... _. . __. �_ - � . � � � f � F i. _ I I ��-� �:� ' .. . ; j , �� y'/ �---�t ::' �^ E .'�i: ' `'� . ' . ;�I.: .. ... .. , �ir I i � ', .' ... _ .. ) F i�2 '/ t . . �., ' . . . . . . I . i ( ' �'. �� . � . � ` � ( � � c �A' � k y � ` �� � , �� . I . ..': 1 � . I �� � � �,, „ 5 r � � — _ , � �- — ' —� _ � : ! } � h � ' N � ,� j �w � , :� . T �� � ����i ��� �.. � f � � .. I z- t�; � � I i �' I � 1 � � s � . },�. }t! �. I j, t� J .. .',� 1 . .,� 1 .r i . � 4.�.. .i �� �. �.� ' . . ,.� ' . . �;i '�' ,,��r '� �.� �, � , s - � ' u� � i' i .� I 0 5 . + t u3 � � ' �t �'f -.a. �,7fi; r .ir e � � �I •I� i .� :� .��i ( � i t N...,,L i rr 4.n. t r < i r �� � � � i � t�� .. h � � A �„ �. � af � '��. �F t J ��� r i � < � � � ' � . � i�' � � i i ' � �' �� � �� � � .. � tiy���S� '�y Stc,w�`y�� � �; 7 �� � r � :� s � � � ;3 ��.., � . .n r�;� ) �Y!'( �' 4i ��' . . �- �.d � 1.i' � �.,��`o-'�' � �rr t Y t.� 7� r a � � 'K tl v ,� . � ry r rl ,,>_ '�..i i �i , '.:�: �7 t � y , -i i , A'� �7. . F r � .,) r'� � � ; i �. ,..' ' I�^ �' � M ' � .. , � i . 1 f,.. �� �-��1 `''�V .if�7� i� r�v ',d } �l�i �- I , : � " �� . : �� ` �:�.� ..� �.. Id .. � . . .. �i � � Y t� i i� � �' . �f H (.; f } . �Y t }J'� 1 � 1 } �!T� f �,; ` i� I h ' .1 . . , � �' 1 '' , , t � ,,� { � � I �/�r L J -{/i���) > . ��.T '� - � � .;. � � 7 OA' ��� 11 �. . P ' N � �._ 1 � � �... �.' � �- t g � �... ' ���. .. . � ��� s� •'�i a .:;�V�� - � ������ � 9� ��) �� � � ' , I � ���': I) ��.��� �.� � 1 � � - ' � � �' 1 5 . ; �"�� � I � . 't' �r', �.. � R I y _ �, ' �..; �p ' . � - . � � � � 1 . . � f � h i' � . 9 D - � � F�' ' : '� AIJ'I�J! � ,iyl»q, '. sly w'.o __ �a' ,i 1fS � ' . . ,: t -'• ;.- - i ( � ::! � �� �j _.. . _ . . ... .. - — — /'� r hg j � , � � t� �. � - ��. f r ''"�_.*,��-rt-+ . Z;J ' r�- r�-� �ir�o. � ' �.. � ... n'.�'� ���..«�_�y k,_...} . :. . � . . I.� . . P � ' �[ .� � � � 3 � M... ... ' , ,-:I �, �S`� �. ,_ , , i , �op ;� , .. - , � ., �m .«-:.: � �. ' i I , ; . � 19� � . � i . ' �,�,v � 1 . ( (c �. , . . . . �� �, �.� , . . . � � r �_y� i , . .. I �� ,1_.,t� , q_ n _ ��x� .L _!e-r__ � �° , - , � ��. -j , — �,; � I � �,f , -t � ' a�} I .. . :��' 6� �. .� � dh 6_ �� . � . i' F � ' i . 1 � " .) . . 1 -t�_ ..: �� � � i . . . � -O. _. :..�..... .._..._. .;. 1 — ' �� Y �� � j � � ' e ..� . . ... . .-� .. . ._..... . . .. . ^_ _ ._ i _..._. .�. .... I ( ( . I � � �"?h' i , j � ' � � ; � ` � i I i =a� m � � � -� a �� . �.. � �. I� 4� �i I �. I. o a � ( ! ; ; 5 ' • � _� _.... ._.. _._ ,� � ' ' �.S • �,�.� I 3 ..PF .' _ ! .: . I . � . � ia � . n . _ p � � ; I sv ��{. . J � �.e%_.. � _ �k-c:�o � z%h� � . !v � ; --I--- :`,5;. i � j i � -_J , �x,�� � n'� i I � ' . . .. , . ' .--�--=---=,. --_ -__l:^'i�_ Tqz-^--ii--"� .•.`�'��.'--'' . . .. __._. . ....---- -_.._ {� . � � �.oM.��.q��� :� _ w ' � I i • P.e. t�. �a.... � ' , � ; i , ._.. _, i j ; ; ' � �—� , I� _ a.....i._.:._. �i•> ' . ;�-o '. ;v.o. • . ---�._..kc_ ---. .._ __ ._.. .O O. b O � O `. � �: � _ °�. �y:1�T!N � �r� � 1 � __....__... .....-�'�'_ .. `--q`EDIT,._-i�l..� . ... ._.___...----- ;�, ING s: ��r u..�iT ;,.o�. �3 ��cci� Z (31"N �i',... �� � Z97G dSLD I10 i�l'tP,IN R.-tL� �� . -: a.� a I�IL ccit�F.hUr �/!d`.- � CP1.;� .�-J..--r'"' A. . .. �. . ..... .. .liF.l! u� �...�' .�. l' , . ... ... . . . .. . . .. �..,:,. :�.: . .. . . ..... . ... .� . . . . . ' . . . q �j y. ..� �' `1. ' : . . .. . ' . i�! , ., . . .�.::�.' . _ tk� r} .� . .. . . - � . � �. . � . . . �� � ' , .. � . . ., . .. ��. - � ' � . . __" t""( . . � , i. �' ,� � � ' . .I � " .. ......... .. ...__._ _._. _ i' � �i� ' f i '.,�( � � � � • � jI! . 1 j I� .. . . . . ���i� � �'i �� . � I I ;�� , ��'' �i �! � — , � — . ._ ...., . ' I � ,y, a � I� i ,' �� t'� ��� i -t� ( 1 i. �I� � . , ` . {I.. .. ' _"_ � � � �ii�li.I�'� li�It��i4�li�i'��'lli I�� ��,'�t����j����il�l� '�� 7c � � i i jI d''�Ii�i,�I � ' �' .t � � _� � � _ .. � � ' ' ( i i _� � , , ��_ O . I �� � � � p� j�l � t �II .� i I I i ' L A2.J 0, S i,: � �,, :.. �� .. � � i ��j I�� ; � �� ��� �i �,� i �' i l � � r. I..i�.: .�.,. o.� .��� �il� �+i�ii��li�ir�i,� �i , .:.;, - S) i� .. . �i •, ,. �,S� ��� �.I�f �i i �I I � �.� �+���I� � � i.. I a ��I��� �'• � �. �•.I� ��,�I i I �I �i f �l �� , • m ,fps�� �^v� � y i . . . ' ',�, c`5 �'�� � l s,r ��{:�� � � �i� �I'��+��.�, . ( t �, - � � ``"' i � r. I l�l� � 1f! l � j � I� �� � ��I ���� ' � j� :�• r ��'..r � �iti''�I�.(���I�' i�.l'��� �II��,����' � ������{� { 1 1� C � r.;li�� � k�1 �� ti�.�—C'J . �t .�. ��� ����� l I �I�( II� ��I I�'I ��.�ll�f la � � �i 1^ �, t � h I, � I� . �( �) ��+i �� � —:..% i� rD � ,�� �,�I� � '�� �''�I�� �' ii .. ... L7QQQt 'S� Z�i: '�'•� �� . ,, i � 't� " ` , l ,'� i : ❑ �1 CI C7 � ' e- � � ' � 1' � � { � �� � � r� . � . . ! i� CiI� L�1 C� ji � � �' � � i : � �ppp f � _ ^� � �.�� I -.,. �1 4 �. � ��, ' �1 . �� � �I � ..,� A,jI.i�Z � ,� . �, � rQ, � ,£ � �� � q a I� C � �a � � ' � f � �. t �E � �, h , �h� . � �. I� � �� , �� �'i�:. ` �� , ,� � , l � � �� � � E ,,! � � r . ...,,5.3 i �:.r - . - t� �7 � �,: +�� �; r ;i i� -�� .�i �1 �' ��� f� I���{ _,�y.q .-,9, �) .��- . { ' 4- ' i � -'Q p y.� � � . i r �� I �'� - �' c �1 � T\f ��� � r . . { - —(w�1 I i l i - r .�i � � `�j").y "� '�'�'! .Y { � � ° � �? F �c �� � � � � � ,�� . 5 � t ll -'�. . `^"'"� � ,;, ..ar � i � � 1� ll �C t �: � x ,!� q �� �. 1 h.�� e - ��, � `� .�st` t � i r i . i�,. '` - i i r t� i.�. � t luJ u +��. �< � ti�-`w ��° t�, }�.• � y : ��R li 3 ,�. '�r I .,.9 tt � + �� �i�jP�. � 1 r �,(:° � �i �� {�' U li s {.s .� .I�?� � . . ���>> ���1 . � 1 t)� � �Cf �`/��V '._"'°T`5 STii ' ,�Ui% l. ! � .t �R �l a c ! 1 �I�� .11 ' ` � � ' - , r � , 5 � f t .. * ; � 1 R i � � � � � � , ¢,S ,'11{ r _...� �'� � i� � r I �s � � � , �ir''l;1� ' � c; - - � ' . � � ;�—�� � 4IIi �;� �,;,;� ( �� -r I ti q �� R i �. � � t It .�� i '�1 lY1fl 4�'i� � ��� 4�I.I���1 i, O 1'�� (' .'jI I�I�I�T��Y� .1�. ,�n'k. � �:.� r r.: � ,i. � .41�.� i 7.i.� ) t' S---r' � . , i �� 1.... 1 A. IL, - C �� t�F �I t I i�� I .�a ��1 i. '-- . t.. a (i � t' � I 1 �� i! � . ' c �I y�� t�iL 3� rv� i i J� .�il� 1Y Y ���� kA �. � I��III� ' it� ; � �� �i {�N x'�--� i s. � �����i .�ail� ��� � � 3 t ; ��` I�i�jl�qii �d�y..� ( . ��, . � �— ,,�}�,�,! , J;� ,: � !, : :•� � ,. `` � . ��11�4�1i1� ���jl'�i�,6{�'r hl • I .� .� � ��F'�E,r �i . ��� ' ���'���t�l4�fi��. -� D Q x � i r� �t�;i�''` ,'i� � i�,r, � �� 1.�iT �.�c(�ii(����I 1,+!+I.. `. �S !� ' �' � � ,' � �. ��r. Yt1�li ������ ���1� � Z . �� . i � f�t � �� � , �y��, , , .�, � �.�� � � i T . zy .�,�� � ;� � � :�.,, a. � � i � �� i : ` �� E p ` � �I`' a , —Q 'i . . , ( � , --� �' ' € �v .L �' . .. �1 ; . � a• � � �� i , . . i' � t' � � 1 0 1 �$ ' iu i' g� t€'�� oA �� �{�_'� � i j. II ,) a � �S .� ��� , � , b`(t �';�9� � '�Y 9IL._Ii ���4�6" ,� �� � �1 h = �f �� � . . .��: , � gz �,�.;. �� 1 C .. i � �,� (i,.' . . . . ' � . a�. a ; O I �. � . - _�1 " � . , � � . . .'i . ; � � �x ; n� . . ' . � I� .�' . r . � ; � � . r � �. i�. .. � �'.O �� Q � � . ' �t� � ��d�d � Q.� � ( i � c "t�`"ii � � S � = � a . il b,�_an;; � „� i �j�; � �;. ,�, � ' ;: � . � �.:.; � u pL�OC]�: �� �t . ' �:�� } � � �4 � ., Qi�dn � i � -�`-,' � � , . ): ' -J 1i �� i �, •, . . .. -, �; � -- -- - -� ;� , �'i� d i�:��l�ln'� c i' Q . :� -�� � �� k , . '� � I� '� � � , � I. i i U� i � `i ii . ,I.'- ."-..'—!I � Yi� .�� ,� p� . � -� :1 I� � � i .�.. ��i 1 I � � � �� O �� �; i . . . � i I. 1 I �� �: i� t� � I� ;'�� . � ., � l� F . � �� � � ,� ;� ,,. � ,�, . , ; ; � _ a '� �� , �,'. ,; �i� :i � i N i jc ° n �� � � ;. �� � i � � �t � i. t �� I�k �� �� DT C, QQ � �i—�� 1 � � : , �� i��': I ,�, 1� �' � ,i�: n -. _ '=°�� �"-1� � I � -- , � _ .- - �'-- ---'--} .' -------�- '��i.i� ��i 'I. �� ;�'. i � . � I ,� � i + ' � � . � � ; ,? i r� ""I � t,� i i i _�: �i� i.: , ��.:_.9� �� ;,,� :� , � — ..... .._, ,,. ,i� . ,� , _ . ' _ ._ ' ... i .. �:.. � � , �i � � - � --�— �_��: a,y�m � � � � � �� i,�. . . � ; ; ` -. - ---- - - --.._.. ... ._ _ � . ;1 --- _ .. .��' i i c� � , ;� ; I � I :�� � j I . �o I �? -�- r�; ��a — � c�� �3 �i � �:ISTIN .�'.-� ��VI�"i�=`I�IS . _ � ��i- u�rr i_-�I� �3 3' .OG!�- 2 '"� � r ='1,`�_..i N� C^ 2°�7G �.Lt'1:1��;FtiA!I. R-�.: CCi.j,...G��?r��.�Y/ `� UAIL, �c4,�Fr�ci^ V�" • ;,,,. �. . At�achrnent C Architecture/Pfanning �1�����SS��i���S Members af the American Insfitute of Archifiects Memo �to s F.rom • Date: Town of Vail • Community Developmen� Department Bill Hein Wm �.Hei.n Associates Februa�y 12, 2008 Subject: Addi.tional Revisions Wesic Ut1:i�t - T�o Fami2y Dtaple� 257Q Bald Mountain.Road . Lot 33, Block 2, Vai1. Village Filing 13 Vail, Co,lorado The accompanying.information repr.esen�s adjustments to.the proposed redesign far the r�model of the abave referenced duple� unite Issues of canc�rn relat�ng.�to setback conflicts along the w�st property line have been addressed and the revised plans �efiect a minimum amount of squar� footage that projects into�the se�tbacke This small encroachment - 13.5 sq.ft.a�t both the Main Level and �the Upper Level - is needed t� allow a�.ai�acal connectian of the existing un.it �to the exi.sting garage. These adjustments are in keeping with discussions concerning t'he project �rith Town s�taff. The project redesign inc•ludes the followxng:. - Relocation af laundry to lower level - Redesign of master bath area at upp�r l�vel - Eliminata.on of proposed b�droom suite above ga.�ag� - Reduction of height and mass of area at expanded garage - reducing impact on adjacen� properties - Significant xeductaon of p�oposed new square:fa�ta.��. for �the unit wi�th a min�mum propased beyond �he setback line Along with the above me��ioned adj.ustmen�ts. the followin.cr is a recap of the changes to the exfsting unit that have already been agreeded to: - Redesign of ex�erior �o upda�e and imprave an old, tired 1970's struct�re • - Remav� existing decks currently in the setback at at the main 1eve1 3�3 East Alamedn � Denver. Colorado 80209 3Q3-722-8401 fax 3C)3-b98-0665 February 12, 2008 Page Two - Remove sou�h facing deck off of the master bedroom at the upper level . - Replace the enti�e exterior to the structure ta include acceptable shingle roofing finish and materials stucco, stone and Town Additionally, the following square_footage adjus�ment applaes4 As previously proposed, the amount-of added (new) square feet on �he main level totaled 170 sqoft. of which (+�-) 87sqafto was beyand the setback line and a total of 628 sq,tt. was vroposed at �he upper level of whic� {+/-) 2�2 was in the setbacke The current proposal reduces th�se numbers signi�f- icantly with a main level total of 108 sq.fte of which 13.5 sg.fte is in the se�back. The upper level to�al reduces to 211 sqofte with�l3e5 sq.ft. is beyon� the setback lineo A tremendous amount of time has been investe� to bring.this projec� to this pointe Numerous meetings with adjacent awners have resulted in their support for the praject. The uni� owners appreciate Town staff efforts and time spent on their behalf in helping with a difficult situationa The unfortunate condition that existU w�th the orig�nal nlacemen� of �he structure in the west setback created probl�ms.for the owners and the Tawn alike. Hopefully, a11 efforts to this point can lead to agreement, su.pport and approval of a d�sign concept tha� will benefit all concerned. ,4ttachm�nt D J��r—�� I _�—_ V�`�� _-_.��_��_�`'"�' �- J- -"' �" �-- ,,,..-- �� '�� , � / J--r' � i.,.,,,-^_ ��"— . --ty'"-.�'.a'G,— � --'"'—"_..--''� '/� /�""""''.r , / /'�/.,��( �'"--.._..- -- ' � � J_"___ ' ----s��r:�---'--_„� / j--:-_-------. � ///� i eKi9;�N�,. ...,�.. '� w...r�'�i'i �'��."_`r�/ / � \\_ ��� i � ' / ` ,. , �— -..... ''—a'�.,.�.----'� � %'� /' � T L�� � �� Nn� /�/ . � -- ;.��. +� �%;i.e � NCW PATi�' 15F1GY/ . _ ' �--- � � y-i-}�% ����EiU�'Iit{G-__. '1� y � \, .S� _. __ -� � ..._.___..._---i-----..__._.._ ���¢`��.__ �� � — - =1 - - - i- _ - — -- .. �. _-- , _._ _'... � � - ---- - --.._...:_ ------ °-•-- -- .._-----.. .___- � - - . _--- . . ------ ` --._.._ __....._ _._.....__---- � e�r�rir� � .._�...._------- --•---- ----- ���— �=: '; _ __:.:`---___-- -_�.-,�-__-• _:-::-:�-_ __ �----- -- �_� � &"t� �-- _'\ i � � ---- `�%G' ; '� I��G --?JC !� i --'"�.--'-"` �.� =�r _�___ -�.�^�.. __�� ,,. --�� I ' �>---_-,` ( . —,-2n7�F —.__i--'" \,� � � " . —EE�7lv --' i ` I ^`��� �1 .\� . ' �\ _., �&�,_,_..-�.,---.'-�,\�\. \\ . �` .� i��-.�— . \ /�%i --''',-� . ,,,_y \ �� /'" �,.•---- -=- �,� -�' �.. \ i �� `\�~\..,_.._---""_...�./•// . \ ' _' --�z.-�.,� i � / . . � �..,-•-- � , ��\ _._ �. __•. ""'� 3nIb�E7StEFt�_p�y h�?.. ::. .aPXx�r -;:2,.fE1="UNI.'f".: '. '. E37P.`: , . � ::. Exl�`f�Nd 't Gf-t�- _ � P�?�l�r�" � ...-- -�� �, ..,�-°°`--°' � � � \ ,,,,,_ .--^"""_" "" � ,,..__ /r �..� ..--"' � , �-' "" �,. . .. ._.;. ....��, ... .... ........ ....._... .... ; ` /'� --�^�^I '' ��•-o-r J r, / ,�-----'' rs�" C I _" _ � � . __��.�' fr _^, • _,,-��` ,,.. —i —.�_�_— '�..,��' sj°� ���!i ,____ _�� - --' _�' • ��..._ N�P.- i ^ �� !�`'r;�• , ; r�'� �- ,.�- _ � �S�a �(,.p ��AIN � (W�T uMi7 ) \�L, G'�l.'�F�t(�c� ,�I/ a'7 � c3.:� `-=-i�'-..� ���� ' : Tq i�x ��u� ��� r.icr,E::.... � `�`�5.�..�iyO =-.,. ___ � � � �� � . i \ � �� - / - ;L-r�z,�ll.-•�i:i. �;S✓7�} ,�.2`is7G � i^-----� �/ /J . ���.��� , '. �IT�. PI,.�N. �v. � i'= b'-a° ,.� .,� ' �J� . SET�+S'',K. L W E \ _ ; �-Ker�. ��' �...R � ..'. . �'� LIN�- . . / LINc- . . �`-----'�---- �,i --. ---rt _a � � � , �� �� � �'�`.` ., �� ei��°P . I ' N�`a . ,-r`�.J ri� F�vN � n __:.'13�'`l�_., ...... k �. I 6'�. _ ':. ' .i i�� `� I / / ` ` \ � / -�- UNEC� GX�"n bFGi� UhIE.(�F FaflS'11N:°t ' �TD FTC- RPJ,1-.'�/ G �N � .L"�.Gi�=:AtS�YE. . � �I �' N� ---_ �-��___.� ._ �—.. . �--- - ----- . - — —i 1 .. _ UVIN� � 1 ► 1i I � 1 uN z>P Fur� . � 1�_ ��Ae�ve---- — ---1 � � �, � ' CINiNCa MEi71('s. . f �.. ❑ I 4 . � � l�ITGN � � i � I � . _.. _ ._ �e� _ . � °'- ` � { j - "� " i '� " -_ �u, � ' � i t � I � l` �iN i�w, � f r W.G..! \ ' � + : • ' - �� � �'� T�� ; � /�'� %/: \ -�"yIN 1^`.11"IN v�'.=x �' �; �:h1�7FG.Y �� � � ..�ao ovev ;�: �� � � � � ------------- �tl ' ��• -- � :.rX�K 1�,' rF iohE. { � _:�teP,srra sN� i ,,5, � \` . I � -. Fpx , ., _ , ,. ... �t ; �z� ; . � � � � ^�` I\ __....__ � — .. I . . � :: , � \ \ Rn � `� p _ __-�t � . � N _ _ — ---- _, �. . . ` �--6,�'� ,. —j� .._ , . VJE;?^f lINIT. � _ ��� -�-.�`` 'I�+l�: N�p.3''.�:r'.� I . � , ���'i�' ' ...� ,3��� ��6" . - .__7��;�� . . . ( \� nr�, �� _ __ � ��rr+ : . � r;-r-r-7�-^�-r ,-° �'-i`: � �':�.� "'' .,` , . c1 � �. . ✓-- -�''�� _ � � , --r - �� � �. �(� � � � � ,K rt I �: � ." i s�� ��. � 1 � ` � "� Mi°,i N 1�1E..�L- FCAI�I a � ' �%' "' ` � --- ' . . ..:.:a"..%�1..L %+ai�2i . . � . �-.' I �l. �� .....�-- , , � y.�I � ( q � ,- .�� ,�. , ,,� ' �i , ZZLB" \ -- � , _. ; 25'� �1..::f7. I`1C7L�NT�fh�l (�t� �W�.�T UF41T� VA1L, �z..'�-c-�Zr'�R-°.`' 8)�� 7 ` � \ � \ \ _, _m `��. �� ,.� `�� . �T :.�.c� ��°��� _ , , �.��c . �,�n r�..iNT,�iN ��o (w��'r uNiT) vA�L, cci..�K�t� 8�4�7 � �o �� {. � ,. P � � `-� � Z � a.5 ir� r:.��.r� �� �� o: � � �. � � d � \ldll . .r�l �.c...hrr-usi 2�'i.�y _ �i _ _ , � � � �n � \.. ( � � � � � � , � � ��i-.�} ,. � � . . . � � � .. . �• �. � i S � :.� ., �,� � , `��1 � �i. . ;i�1j� � �' � �, f X j�'� i� �- e� " J �,4-A� !�Lt � f y ' G'L "s i f F 4 -S � r :. a F t t v t . S T ha# t. X #� '� �.. 7 i�r . -. �. a...,� r � �. # a s �y s�3 0 �r,� � a d S .s- t i 1- F=f 9�' � . �S' x r y� d ms t , tJt � i,�., i i� � �� -Y -;x � {. � �,r if� Ai,ch�itect���lPiann�uic� rt ��t ��� �`�'�S � �. �,-y ��,t�: r`E�,�y ��t�t � � � :� a�. � ,�: r�' �h� i '^r �,° � t n : f� �r z3� a: #d +� h�7 j' S y� x�,� .� a... �,� y � � a �r rg�+ ,� f . Y � r . �,yt .1 { . .z +, . , x�c.�u, >_.�r,.._n „7s v.> .,; . a+._f...��.zl.ixz. .....x. _....a..,.uf..,,.. ..5r�tsi . =1.,, �;.. r.,,�;�.r���. I�r:trae..ri rs :�.t..'4�,..�. '?;e,a.,.4.,.�.�� ii.,7z. �.x-:w�ab. �,�..,,1 N t'� 6:�_s,. � P ' / ♦ u;� , I �� �' �' ,a 1 41 �- � z��t� c�i.-G ��NT,�,i� r"� (w�-r UNIT) v�ii�,��r�a��� z�l�l £ � � z _ _� � s� � � 1 . . `Z Z'J G�LC :Y.+Giti'AII jfC• �: . -P.�/c.L RT.N T--- 2.✓7d E?�I�P M��J,NT�';ll�l P;�,G' il,,;'P_��`i" IJNIT` `:i�,il_ !:��!.-7w..�r,;-� .�i�a=,-' r.; , � �l i ' � � c� d 'o a N N � � N X � f� t� N t � Q a 2 N QC C N � CO � L O N � � II � N O � CO � Y � � -� J .-�-� CO � �U N � N � � � �U a� o° � N E X a� N � � a� E c a� rnrn 00 O O � � � C � N � � Q � O � N � � II � � C CO � � O �N � � � � � O NN C � � U O � � o � O � � X CO � 7 � � N N O O � � � � � � � � � � O �D O O M � � � O 0 � O O � � N N 1n M � � � � in � � O N � � f� in M cD M U � � � ° � � v U �n � O �n U . � O M ' f� M . f� f� f� vl � M � � � � N d3 � � w d3 � d3 �j d3 d3 d3 w Q � Q � Q � W O O m W O O m W O O m N � � � N � � � N � � � LL � LL � LL � a a a � O O � O O � O O � O O O � O O O � O O O 3 LL L(7 Ef) 7 LL L(7 Ef) 7 LL L(7 Ef) �p Ef) Ef) �p Ef) Ef) �p Ef) Ef) > > > Q Q Q wO O w O O w O O � L(7 L(7 O � L(7 L(7 O � L(7 L(7 O w ('7 ('7 w ('7 ('7 w ('7 ('7 (n (n (n a0 a0 a0 a0 � V a0 V � I� O m O O O O 0 N O (O �j O O O O � ('7 O I� � � 0 0 0 0 ° ° o ° o O �? � N N N N � N N � M � � � � � � E E � E E � E E � w w .� w w .� w w .� � � J � � J � � J c c c (n (n 'T (n (n 'T (n (n 'T C � � C � � C � � O O LL O O LL O O LL N� � r N� � � N� M O U M � CMO U M M � (j M . CO f� � . CO CO CO . CO � fD N � � � N � � � N � � � W Efl Efl Efl W Efl Efl Efl W d3 � � LL LL � � a � � O O � � O O � � O O � O O � O O � � O O � 3� m 3� m � LL� m ; Ef) Ef) � � ; Ef) Ef) � ; Ef) Ef) � L a� rn rn rn 'a� rn � � � rn � � CO CO CO � CO C'7 LI� .L I� � I� O � � � � I� �+ � OO I� �L � V � � oo c� a � co L 7 � O � � y o 0 o y o o � y o 0 0 -a O O O -a O O N -a O � � 0 � � � 0 � �n � 0 � cD M t t N t N N N � � � � � � � � � � � � O � � � O � � � O � � � � � � J � � � J � � � J t3 c t3 c t3 c � � � 'i � � � 'i � � � 'i +� � .� N +� � .� N +� � .� N � O O L.L � O O L.L � O O L.L - � _ MEMORAiVDUM TO: Planning and Environmental Commission FROM: Community Development Department DATE: February 25, 2008 SUBJECT: A request for a final recommendation to the Vail Town Council, pursuant to Section 12-3-7, Amendment, Vail Town Code, for a prescribed regulations amendment to Chapters 12-23, Commercial Linkage and 12- 24, Inclusionary Zoning, Vail Town Code, to establish standards and criteria related to mitigating employee housing requirements, and setting. forth details in regard thereto. (PEC070075) Applicant: Town of Vail, represented by Nina Timrn, Housing Coordinator Planner: Bill Gibson I��IIi�iI�iT1:�1 The Applicant, Town of Vail, is requesting a a final recommendation to the Vail Town Council, pursuant to Section 12-3-7, Amendment, Vail Town Code, for a prescribed regulations amendment to Chapters 12-13, Employee Housing, 12- 23, Commercial Linkage and 12-24, Inclusionary Zoning, Vail Town Code, to establish standards and criteria related to mitigating employee housing requirements. In addition to amendments to the Chapters listed above there will be amendments to all the established zone districts which contain employee housing units as a permifited or conditional use. The applicant has submitfed the application in response to a reque'st from the Planning and Environmental Commission to clarify certain portions of the adopted regulations. Staff is recommending that the Planning and Environmental Commission forwards a recommendation of approval of the proposed amendments to Chapters 12=13, Employee Housing, 12-23, Commercial Linkage and 12-24, Inclusionary Zoning, Vail Town Code, based upon the criteria found in Section VI of this memorandum. 11. DESCRIPTION OF REQUEST The Applicant, Town of Vail, is requesting a final recommendation to the Vail Town Council, pursuant to Section 12-3-7, Amendment, Vail Town Code, for a prescribed regulations amendment to Chapters 12-13, Employee Housing, 12- 23, Commercial Linkage and 12-24, Inclusionary Zoning, Vail Town Code, to establish standards and criteria related to mitigating employee housing requirem�nts. In addition to amendments to the Chapters listed above there will be amendments to Articles 12-6A, Hillside Residential District; 12-68, Single- Family Residential District; 12-6C, Two-family Residential District; 12-6D, Two- Family Primary/Secondary Residential District; 12-6E, Residential Cluster District; 12-6F., �ow Density Multiple-Family District; 12-6G, Medium Density Multiple-Family District; 12-6H, High Density Multiple-Family District; 12-61, Housing District; 12-7A, Public Accommodation District; 12-7B, Commercial Core 1 District; 12-7D, Commercial Core 3 District; 12-7E, Commercial Service Center; 12-7F, Arterial Business District; 12-7H, Lionshead Mixed Use 1 District; 12-71, Lionshead Mixed Use 2; District; 12-7J, Public Accommodation 2 District; 12-8A, Agricultural and Open Space District; 12-8D, Ski Base/Recreation District; 12-8E, Ski Base/Recreation 2 District; 12-9B, Parking District; 12-9C, General Use; to incorporate changes to the employee housing types listed as permitted or conditional uses within each district and facilitate the implementation of these regulations. The Applicant is recommending that all commercial linkage and inclusionary zoning requirements for new construction and demo/rebuild projects be addressed through the on-site unit mitigation method. This recommendation is based upon several factors, including: . a The scarcity of developable land resources; • The financial, political, and practical difficulties associated with the construction of any free standing employee housing development; • The need for additional workforce housing to ensure the long term sustainability of Vail's economy; o An opportunity to improve the Town's sense of community; + On-site units create "live-work" opportunities; • On-site units create less demand on, and impact to, the Town's infrastructure; • The Town of Vail has an opportunity to become a leader in addressing employee housing within Eagle County; and, m 70% of the community's workforce housing needs created by future development are not addressed by these regulations; The Applicant recommends the remaining four mitigation methods (e.g. conveyance of property on-site, off-site units, payment of fees-in-lieu, and conveyance of property off-site) only be available to developers when one of the following findings are made by the applicable governing body: • That implementation of the on-site unit mitigation method would be contrary to the intent and purpose of the applicable zone district.. • That implementation of the on-site unit mitigation method would be contrary to the goals of the applicable elements of the Vail Comprehensive Plan and the Town's development objectives. • That exceptional or extraordinary circumstances or canditions apply to the site that prevents the implementation of the on-site unit mitigation method. • That the method of mitigation proposed better achieves the intent and purpose of this Chapter and general and specific purposes of this Title than the on-site mitigation unit method. � 0 The Applicant and the Vaii Local Housing Authority also recommend the following additions and/or changes to Chapters 12-23, Commercial Linkage and 12-24, Inclusionary Zoning. • There is no prioritization of the mitigation methods for all other types of development projects. o Establishing that any required mitigation of less than 1.25 employees or any remaining unit floor area of less than 438 sq. ft. may always be provided through the fee-in-lieu mitigation method; o Establishing that projects resulting in a total mitigation requirement of less than 1.25 employees or less than one whole unit will be reviewed administratively; o Establishing policies to address potential requests to modify an approved Employee Housing Plan; e Creating a new EHU "type" category in the Town Code for any unit used to mitigate a commercial linkage or inclusionary zoning requirement. This is necessary to distinguish these mitigation units from the other six types of EHUs already allowed within the Town of Vail; • Clarifying that the intent of Table 23-2, Size of Employee Housing Units, for Commercial Linkage was that a three bedroom unit and any unit with more than three bedrooms mitigate at the same rate of 3.5 employees; • Clarifying the Mitigation Banking regulations; o Allowing mitigation types of EHUs as permitted uses in the applicable zone districts, rather than conditional uses. Staff has identified the proposed changes to be made in the attached draft Ordinance (Attachment B). Text that is to be deleted is in , text that is to be added is in bold, and sections of text that are not to be amended may be omitted. III. BACKGROUND a There is a substantial, direct, and rational connection between the need for housing of employees generated by new development and redevelopment and the requirements for the provision of employee housing, as documented in the report entitled, "Town of Vail Nexus/Proportionality Analysis for Emplovee Housinq Mitiqation Proqrams." • If is the Town CounciPs goal to pravide housing for at (east thirty percent (30%) of the net new employees generated from residential and commercial development in the Town of Vail through the conjunctive efforts of Commercial Linkage and Inclusionary Zoning. � • On April 3, 2007, the Vail Town Council adopted Ordinances Nos. 7 and 8, establishing Chapter 23, Commercial Linkage and Chapter 24, Inclusionary Zoning of the Vail Town Code for the purpose of requiring new development and redevelopment to provide a reasonable and appropriate percentage of new employee housing which has a nexus to new job generation. 3 � At its December 11, 2007, public hearing, the Planning and Environmental Commission requested Staff bring forward recommendations for amendments to Chapters 12-23, Commercial Linkage, and 12-24, Inclusionary Zoning, to better define the Commission's role in reviewing Employee Housing Plans and to clarify the priority of the five approved mitigation methods. • The Vail Local Housing Authority discussed the Commission's request at their December 12, 2007, meeting. The Authority determined that the on-site mitigation rnethod is the highest priority and forwarded a recommendation that half the required employee housing mitigation be required on-site for new construction and demo/rebuild projects. • The Commission discussed this recommendation and numerous other issues related to employee housing at its January 14, 2008, public hearing. • At the Town Council's January 22, 2008, Council Member retreat and again at its subsequent public hearings, the Town Council indicated that providing on-site units is the most desirable employee housing mitigation method and fee-in-lieu is the least desirable method, except when necessary to address partial requirements. • At the February 11, 2008, Planning and Environmental Commission public hearing the Commission requested Staff forward recommendations for amendments to Chapters 12-23, Commercial Linkage and 12-24, Inclusionary Zoning to achieve the following: s Prioritization of the five approved mitigation methods based on value to the community; s Flexibility and/or incentives for better mitigation options rather than a requirement for all on-site mitigation; and • A predictable review process. • At the February 14, 2008, special meeting of the Vail Local Housing Authority the Authority again discussed establishing a priority order for the allowed employee housing mitigation methods. At the meeting, the Authority reconfirmed its recommendation: At least half of requisite employee housing mitigation must be provided on-site for all new development and demo-rebuild projects where Commercial Linkage and Inclusionary Zoning apply. . Without this requirement the Authority does not believe that on-site unit mitigation will be pursued by developers. Much of the discussion regarding the available mitigation options has centered on calculation formutas, financial parity, who would manage the development of housing projects, and the like. However, if these arguments are set aside and the question is asked "what scenario is in the best interest of the community from a long-term � � planning standpoint", it becomes clear that on-site employee housing will provide: • The most certain delivery of employee housing; s The greatest reduction in vehicular traffic (and associated noise and pollution) by employees; s The greatest reduction in public parking needs by employees; s Reduce the loading of employee volume on our public transportation systems; • Best retain employee spending in town of Vai.l service businesses; and a Most effectively create the energy of a vibrant, lived-in community in our resort core and commercial areas. Additionally, the Authority recommends: The remaining requisite mitigativn be provided via any of the five allowed employee housing mitigation methods, or a combination thereof, at the developer's discretion. This recommendation is based on the Authority's belief that today all five mitigation methods provide value to the community. The Housing recommended requiremenf. Authority does support adding three of the stafF criteria to allow for relief fr.om the on-site The Authority does not recommend adopting language that allows a developer to provide a creative or "superior" employee housing mitigation plan that could no longer require at least half of the requisite employee housing mitigation be provided on-site. The Housing Authority is also committed to annually reviewing the priority of the five employee housing mitigation methods and offering their recommendation to the Vail Town Council. This review is anticipated in March of each year to coincide with the annual review of the fee-in-lieu rates. ROLES OF REVIEWING BODIES Order of Review: Generally, text amendment applications will be reviewed by the Planning and Environmental Commission and the Commission will forward a recommendation to the Town Council. The Town Council; will then review the text amendment application. 5 V. Planning and Environmentai Commission: The Planning and Environmental Commission is responsible for the review of a text amendment application, pursuant to Section 12-3-7, Amendment, Vail Town Code, and forwarding of a recommendation to the Town Council. Vail �ocal Housing Authority: The Vail Local Hausing Authority is responsible for forwarding a recommendation to the Town CounciL Design Review Board: The Design Review Board has no review authority over a text amendment to the Vail Town Code. Town Council: The Town Council is responsible for final approval, approval with modifications, or denial of a text amendment application, pursuant to Section 12-3-7, Amendment, Vail Town Code. The Town Council has the authority to hear and decide appeals from any decision, determination, or interpretation by the Planning and Environmental Commission and/or Design Review Board. The Town Council may also call up a decision of the Planning and Environmental Commission and/or Design Review Board. APPLICABLE DOCUMENTS Staff believes the following documents are relevant to the review of this proposal: TITLE 12: ZONING REGULATIONS Chapter 12-1, Title, Purpose and Applicability (in part) � Section 92-9-2: Purpose A. General: These regulations are enacted for the purpose of promoting the health, safety, morals; and general welfare of the Town, and to promofe 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 guality. B. Specific: These regulations are intended to achieve the following more specific purposes: ?. To provide for adequate light, air, sanitation, drainage, and public facilities. 2. To secure safety from fire, panic, f/ood, avalanche, accumulation of snow, and other dangerous conditions. 3. To promote safe and efficient pedestrian and vehicular traffic circulation and to /essen congestion in the streets. � 4. To promote adequate and appropriately located off street parking and loading facilities. 5. To conserve and maintain established community qualities and economic values. 6. To encourage a harmonious, convenient, workable relationship among land uses, consistent with municipal development objectives. . 7. To prevent excessive population densities and overcrowding of the land with structures. 8. To safeguard and enhance the appearance of the town. 9. To conserve and protect wildlife, streams, woods, hillsides, and other desirable naturaJ features. 10. To assure adequate open space, recreation opportunities, and ofher amenities and facilities conducive to desired living quarters. 11. To otherwise provide for the growth of an orderly and viable community. Chapter 12-3: Administration and Enforcement: (in part) 92-3-7: AMENDMENT.' C. Criteria and Findings: 2. Prescribed Regulations Amendment: a. Factors, Enumerated: Before acting on an application for an amendment to the regulations prescribed in this title, the pianning 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 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 fhe Vail comprehensive plan and is compatible with the development objecfives of the town; and 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 4. The extent to which the text amendment provides a harmonious, convenient, workable relationship among land use regulations consistent with municipal development objectives; and 7 5. Such other factors and criteria the commission and/or council deem applicable to the proposed text amendment. Chapter 13: Empioyee Housing: (in part) 12-13-9: Purpose: The town's economy is largely tourist based and the health of this economy is premised on exemplary service for Vail's guests. Vail's abilify to provide sucn service is dependent upon a strong, high quality and consistently availabte work force. To achieve .such a wor9r farce, the community must work to provide quality living and working conditions. Availability and affordability of housing plays a critical role in creating quality living and working conditions for the community's work force. The town recognizes a permanent, year round population plays an importanf role in sustaining a healfhy, viable communify. Further, the town recognizes its role in conjunction with the privafe sector in ensuring housing is available. Chapter 23: Commercial Linkage: (in part) 12-23-1: Purpose and Applicability: A. The purpose of titis chapter is to ensure that new commercial development and redevelopment in the town provitle for a reasonab/e amount of emp/oyee housing to mitigate the impacf on employee housing caused by such commercial development and redevelopment. Chapter 24: Inclusionary Zoning: (in part) 12-24-1: Purpose and Applicability: A. The purpose of this chapter is to ensure that new residential development and redevelopment in the town of Vail provide for a reasonable amounf of employee housing to mitigate fhe impact on employee housing caused by such residentia! development and redevelopment. TOWN OF VAIL LAND USE PLAN Chapter II: Land Use Goals/Policies (in part) 5. Residential 5.1 Additional residential growth should continue to occur primarily in exisfing, platted areas and as appropriate in new areas where high hazards do not exist. 5.2 Quality time share units should be accommodated to help keep occupancy rates up. 5.3 Atfordable emp/oyee housing shou/d be made available through private efforts, assisted by limited incentives, provided by the Town of Vail, witn appropriate restrictions. : 5.4 Residential growth should keep pace wigh the market place demands for a full range of housing types. 5.5 The existing employee housing base should be preserved and upgraded. Additional employee housing ne�ds should be accommodated at varied sites throughout the communify. VAIL VILLAGE MASTER PLAN Chapter V: Goals, Objectives, Policies and Action Steps (in part) 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. 2.6 Objective: � Encourage the development of atfordable housing units through the efforts of the private sector. 2.6.9 Policy: Employee housing; units may be reguired as part of any new or redevelopment project requesting density over that altowed by exisfing zoning. 2.6.2 Policy: Employee housing, shall be developed with appropriate restrictions so as to insure fheir availability and atfordability to the local work force. 2.6.3 Policy: The Town of Vail may facilitate in the development of affordable housing by providing limited assistance. LIONSHEAD REDEVLOPMENT MASTER PLAN Chapter 4: Master Plan Recommendation — Overall Study Area 4.9 Housing Recent community surveys and grass-roots planning efforts such as Vail Tomorrow have idenfified the lack of /oca/s housing as the most critical issue facing the Vail community. Early in the Lionshead master planning process, west Lionshead was identified as an opportunity area to implement some of the community's housing goals, particularly relating to employee.housing. These opportunities and associated issues are outlined below. 4.9.1 No Net Loss of Employee Housing Ground rule number five of the mas�er plan states that there shall be no net /oss of employee housing in Lionshead as redevelopment occurs. .� Visual Issues 4.9.2 The financial realities of affordable housing often require cost reducing measures, generally involving the quality of detailing, pJanning, and architectural design. Given the strong desire to make these housing projects feasible, it is recommended that some latitude be granted to affordabie housing developers. However, it is also important that financial realities not be used as an excuse to produce unsightly, poorly designed, substandard products. Employee housing does not need to match the architectural sophistication of a five star resort development, but it does need to be good quality construction and design. Rivers Edge in Avon is a good example of an attractive yet affordable employee housing project. 4. 9.3 Policy Based Housing.Opportunities The first means of implementing housing goals in Lionshead is through policy based requirements such as the employee generation ordinance current�y being pursued by the Vail Town Council. As required by a future ordinance, all developmenf and redevelopment projects, as a prerequisite to projecf approval, should provide housing for employees generated and to the extent possible this housing should be located in the Lionshead area. VAIL 20/20 STRATEGIC PLAN Executive Summary (in park) Housin : The high cost of housing and a lack of developable land continue to challenge the community in providing adequate workforce housing. Opportunities exist to increase the amount of employee housing through redevelopment of existing housing, the purchase of deed-restricted units and fhrough developer requirements. During 20/20, pa►ticipants placed workforce housing as a top priority for the community and government leaders to address. Community Values (in part) Diversity: Vail values maintaining a diverse population of residents, workers and visitors, with a broad representation of age, family composition, ethnic background and economic means. Land Use and Development (in part) 20/20 Vision: The pedestrian ambiance and scale of Vai! Vitlage and Lionshead continues into 2020, where the European alpine charm of Vail is replicated in its new development. The unique character of Vail is � evident from the Tyrolean building style that speaks of Vail's history, to the mountain contemporary style that heralds technological advancement. The vibrant mixed-use pedestrian core areas of Vail attract guests, residents and businesses. The diversity of businesses within the core areas provides something for everyone and the new affordable housing options are seamlessly integrated into the community's fabric. 10 Growth has been carefully managed to be sustainable and complementary to the natural environment. 20/20 /mplementation: Based on input from the community during the 20/20 process, town staff developed the following goals and action strategies to support the land use and development vision. The goals also reflect the common themes heard from the community during the 20/20 process, inciuding a need for more employee housing, increased environmental sustainability, reduction of I-70 impacts and managed growth. Goa! #4: Provide for enough deed-resfricted housing for at least 30 percent of the workforce through policies, regulations and publicly initiated development. Actions/Strategies s Update housing regulations to include more zone disfricts that are required to provide employee housing. • Redevelop Timber Ridge to increase number of employee beds. • Use employee housing fund for buy-downs and other programs that will increase the number of employees living within the town. a Address the zoning regulations to provide more incentives for developers to build employee housing unifs. Housing (in part) 20/20 Vision: The number of employees living withrn the town has steadily increased, thanks to the town's commitment to ensure affordability and availability of housing. The number of deed-restricfed rental and for- sale units required of both privafe and public projects has increased. The diversity of deed-restricted units can accommodate the seasonal worker, as well as all leveis of year-round employees, inciuding those with families. Housing in general has been transformed to include green building standards. 20/20 Implementation: Based on input from the community during the 20/20 process, town staff with the Vail Local Housing Authority, developed the following goa/s and action strategies to support the housing vision. _ Goal: The Town of Vail recognizes the need for housing as infrastructure thaf promotes community, reduces transit needs and keeps more employees living in the town, and will provide for enough deed-restricfed housing for at least 30 percent of fhe workfarce through policies, regulations and publicly initiated development. � 11 Actions/Strategies: s Research and propose next steps for strengthening the fown's inclusionary zoning and commercial linkage policies, including requirements for more zone districts. s Research parking requirements for employee housing and consider reducing requirements for employee housing developments. •� Ensure pay-in-lieu funds generate as many workforce housing units as possible. s Establish protocol for disbursement of dedicated housing fund resources. • Research and secure potential alternative (besides pay-in-lieu) funding sources for empioyee housing. EAGLE COUNTY HOUSING NEEDS ASSESSMENT, 2007 (see Attachment C) SECTION 8- HOUSING NEEDS AND GAPS Keep Up Needs Housing Demand from Job Growth - According to employment forecasts developed by the Colorado Department of Loca/ Atfairs, Eagle County will have a net gain of over 4, 400 jobs in the next three years and approximately 10, 300 additional jobs by 2015. Job growth in Eagie County will be the result of expansion by existing employers, new residential development and new commerciai/industrial development. Of employers surveyed, 41 percent indicated they plan a net increase in jobs in the next two years. Given employment growth over the seven-year period between 2000 and 2007 of 7,222 jobs (1,032 per year), the estimated increase of 90,316 jobs in the eight years between now and 2015 (1,290 per year) may be siightly over stated. The 4,776 additional housing units needed to accommodate new jobs by 2015 should, therefore, be viewed as the maximum number likely to be needed solely to support employment growth. Gaps There is a significant gap between the current demand (catch-up). units and the number of units available as of Aprii, 2007. The di�ference of 3, 398 units between current demand for 4, 446 units and currenf listings of 1,048 units represents the magnitude of the gap between what residents and in-commuting emp/oyees want for housing and what the free market is providing. The difference for each AMl category represents the net demand between what residents and in-commuters can afford and the free market price of units. The gap is largest in the 81 to 120 federal and state housing programs incomes equal to or less than 80 12 percent AMl range. Since only serve househo/ds with percent AM! (Low Income Housing Tax Credits and several grant programs have even lower income eligibility standards) addressing the gap in the 81 to 120 percent AMI range will require partnering with private developers and other local solutions that do not �ely on funding from outside of Eagle County. Proportionately, households with incomes greater than 140 percent AMI are the best served by the free market, with units available to. meet approximafely 64 percent of current demand. These figures are dynamic; additional units will be placed on the market during 2007 that will slightly lower the gap. With 88 percent of the current listings affordabie anly for households with incomes greater than 140 percent AMI, the change should not significantiy impact planning for solutions to address catch-up demand. EAGLE COUNTY HOUSING NEEDS ASSESSMENT, 1999 (see Attachment D) Section 9: Conclusions and Recommendations (in part) • Develop county-wide commerciai linkage and inclusionary zoning programs. Requiring employers to provide housing for employees is supported by nearly 70% of the county's residents. �f/ell over half support requiring that a percentage of all new homes be designated for employee housing. � s Develop affordable housing throughout the county except for seasona/ workers, whose housing should be concentrated in Vail. V.1. REVIEVII CRITERIA 1. The extent to which the text amefldment furthers the general and specific purposes of the Zoning Regulatians; and These regulations were adopted in April, 2007, and mitigation was intended to provide develapers with prescribed employee housing mitigation requirements. As implementation of the requirements has occiarred, it appears there is a need to.clarify requisite Employee Housing Plan expectations to achieve desired outcomes as well as better define certain aspects contained within the regulations. Staff believes the proposed text amendments clarify the existing regulations and will continue to further the general and specific purposes of Title 12, Zoning Regulations, and Chapters 12-23, Commercial Linkage and 12-24, Inclusionary Zoning. Staff believes the proposed text amendments are consistent with the � Zoning Regulation's general purpose "to promote the coordinated and harmonious development of the Town in a manner that will conserve and enhance ifs natural environment and its established character as a resort and residential community of high quality." 13 Staff believes the proposed text amendments are consistent with the Zoning Regulation's specific purposes: "3. To promote safe and efficient pedestrian and vehicular traffic circulation and to lessen congesfion in the streets. 4. To promote adequate and appropriately located off street parking and loading facilities. 5. To conserve and maintain established community qualities and economic values. 6. To encourage a harmonious, convenient, workable relationship among land uses, consistent with municipal development objectives. 11. To ofherwise provide for the growth of an orderiy and viable community." Staff also believes the proposed text amendments are consistent with the purposes of the Employee Housing, Commercial Linkage, and Inclusionary Zoning chapters of the Zoning Regulations that state: "12-13-1: Purpose: The town's economy is largely fourist, based and the health of this economy is premised on exemplary service for Vail's guests. Vail's ability to provide such�service is dependent upon a strong, high quality and consistently available work force. To achieve such a work force, the community must work to provide quality living and �working conditions. Availability and � affordability of housing plays a critical role in creating quality living and working conditions for the community's work force. The town recognizes a permanent, year round population plays an important role in sustaining a healthy, viable community. Further, the town recognizes its role in conjunction with the private sector in ensuring housing is available." "12-23-1: Purpose and Applicability: The purpose of this chapter is to ensure that new commercial development and redevelopment in the town provide for a reasonable amount of employee housing to mitigate the impact on employee housing caused by such commercial development and redevelopment." "12-24-1: Purpose and Applicability: The purpose of this chapter is to ensure that new residential development and redevelopment in the town of Vail provide for a reasonable amount of employee housing to mitigate the impact on employee housing caused by such residential development and redevelopment." 14 2. The extent to which the text amendment would beiter 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 fhe Town; and As Commercial Linkage and Inclusionary Zoning only address a small percentage of net new employees generated by new development and redevelopment it is imperative that each development mitigate its own employee housing requirements on-site. Looking into the future there will be no alternatives to providing employee housing within the Town of Vail. Additionally, the employee housing regulations do not even address a majority of new or existing employees. As Staff began to analyze the five approved mitigation methods to understand what modifications may be required to "equalize" the value of each of the mitigation methods it became apparent that if the community preferred on-site mitigation this was only going to be achieved by requiring on-site mitigation. Initially Staff looked at small incremental increases to each of the methods in order to create parity. Through analysis it became � apparent that ensuring on-site is the preferred mitigation method and on-par with fee-in-lieu or other mitigation methods, dramatic changes would be necessary and would likely still not create the desired on-site mitigation outcome. A copy of this analysis has been attached for reference (Attachment A). To address the Commission's request for flexibility, a finding is proposed to provide a developer relief from the on-site unit mitigation requirement. • That the method of mitigation proposed better achieves the intent of this Chapter than the on-site mitigation method. To address developer's concerns about predictability, the proposed recommendations provide developers with the most predictable employee housing review process possible. It clearly identifies and requires the community's most valued employee housing mitigation method while allowing relief from the requirement if it is contr.ary to: The intent and purpose of the applicable zone district; The goals of the applicable elements of the Vail Comprehensive Plan and the Town's development objectives; and The unique conditions or circumstances that exist on the site or structure. Staff believes the text amendments are proposed to further refine expectations for requisite employee housing mitigation and elaborate on specific sections of the regulations. The propased text amendments are necessary to more clearly state the community's goal of on-site employee housing. The proposed text amendments are also necessary to achieve this goal in a simple and direct manner. Staff believes the proposed 15 amendments will better achieve the Town's stated goal of housing 30°/a of the workforce within the community than the existing regulations. Staff believes the proposed text amendments would better implement and better achieve the following adopted goals, objectives and policies of the Vail Land Use Plan: "5.1 Additional residential growth should continue to occur primarily in existing, plaited areas and as appropriate in new areas where high hazards do not exist. 5.3 Affordable employee housing should be made available through private etforts, assisted by limifed incentives, provided by the Town of Vail, with. appropriate restrictions. 5.4 Residential growth should keep pace with the market p/ace demands for a full range of housing types. 5.5 The existing employee housing base should be preserved and upgraded. Additional employee housing needs should be accommodated at varied sites throughout the community." Staff believes the proposed text amendments would better implement and better achieve the following adopted goals, objectives and policies of the Vail Village Master Plan: "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." "2.6 Objective: Encourage the development of affordable housing units fhrough the efforts of the private sector. 2.6. ? Policy: Employee housing; units may be required as part of any new or redevelopment project requesting density over that allowed by existing zoning. 2.6.2 Policy: Employee housing, shall be developed with appropriate restrictions so as to insure their availability and affordability to the local work force. 2.6.3 Policy: The Town of Vail may facilitate in tlie development of affordable housing by providing limited assistance." Staff believes the proposed text amendments would better implement and better achieve the following adopted goals, objectives and policies of the Lionshead Redevelopment Master Plan: 16 "4.1 Housing Recent community surveys and grass-roots planning efforts such as Vail Tomorrow have identified the lack of /ocals housing as the most critical issue facing the Vail community. 4.9.3 Policy Based Housing Opportunities The first means of implementing housing goais in Lionshead is through policy based requirements such as the employee generation ordinance currently being pursued by the Vail Town Council. As required by a future ordinance, all development and redevelopment projects, as a prerequisite to project approval, should provide housing for employees generated and to the extent possible this housing should be located in the Lionshead area." Staff believes the proposed text amendrrients would better implement and better achieve the foilowing adopted goals, objectives and policies of the Vail 20/20 Strategic Plan: "Land Use Goal #4: Provide for enough deed-restricted housing for at least 30 percent of the workforce through po/icies, regulations and publicly initiated development. Actions/Strategies s Update housing regulations to include more zone districts that are required to provide employee housing. • Redevelop Timber Ridge to increase number of employee beds. • Use employee housing fund for buy-downs and other programs that wiil increase the number of employees living within the town. � Address the zoning regulations to provide more incentives for developers to build employee housing units." "Housing Goal: The Town of Vail recognizes the need for housing as infrastructure that promotes community, reduces transit. needs and keeps more empioyees living in the town, and will provide for enough deed-restricted hausing for at least 30 percent of the ____ workforce through policies, regulations and publicly initiated development. Actions/Strategies: o Research and propose next steps for strengthening the town's inclusionary zoning and commercial linkage policies, including requirements for more zone districts." Staff believes the proposed text amendments would better implement and better achieve the following adopted goals, objectives and policies of the Eagle County Housing Needs Assessment: 17 "Develop county-wide commercial linkage and inclusionary zoning programs. Requiring employers to provide housing for employees is supported by nearly 70% of the county's residents. Well over half support requiring that a percentage of ail new homes be designated for employee housing. Develop affordable housing throughout the county except for seasonal workers, whose housing should be concentrated in Vail." 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; arid Staff believes the propased text amendments are a response to the actual implementation of new regulations adopted in April, 2007. These regulations allow developers full discretion to choose which existing employee housing mitigation works best to their advantage. Howeve�r, � the results of these existing regulations are not achieving the Town's stated goals and priorities of creating additional on-site units. A system or incentives, or disincentives, could be created to encourage the construction of more on-site units; however, this approach further complicates the Commercial Linkage and Inclusionary Zoning regulations and still does not ensure the community will achieve its housing goals. The proposed text amendments are necessary to more clearly state the community's goal of on-site employee housing. The proposed text amendments are also necessary to achieve this goal in a simple and direct manner. 4. The extent to which the text amendment provides a harmonious, convenient, workable relationship among land use � regulations consistent with municipal development objectives. Employee Housing Units are allowed in 23 of the Town's 26 zone districts. They are only prohibited in Heavy Service (the three existing gas station sites) and two of the open space districts (Natural Area Preservation District and Outdoor Recreation District). As permitted or conditional uses, the construction of Employee Housing Units in these 23 zone districts is encouraged and is inherently consistent with the Town's development objectives: As described in criteria #1 and #2 above; employee housing requirements in general and employee housing regulations specifically related to on- site units are consistent with the goals and objectives of the Town's Zoning Regulations, Land Use Plan, Vail Village Master Plan, Lionshead Redevelopment Master Plan, 20/20 Strategic Plan, and the Eagle County Housing Needs Assessment. 18 Staff believes the proposed text amendments will continue to facilitate and provide a harmonious, convenient, workable relationship among land use regulations that are consistent with the Town of Vail rnaster plans and development objectives. 5. Such other factors and criteria the Commissian and/or Council deem applicable to the proposed text amendment. VI1. STAFF RECONIMENDATION The Community Development Department recommends the Planning and Environmental Commission forwards a recommendation of approval of the text amendments outlined in the attached Draft Ordinance No. 1, Series of 2008. Should the Planning and Environmental Commission choose to recommend approval of this request; Staff recommends the Commission pass the following motion: "The Planning and Environmenfal Commission forwards a recommendation of approval of staff's recommended text amendments for prescribed regulation amendments to Chapters 12-13, Employee housing, 12-23, Commercial Linkage and 12-24, Inclusionary Zoning, Vail Town Code, to establish standards and criteria related to mitigating employee housing requirements, and setting forth details in regard thereto." Should the Planning and Environmental Commission choose to forward a recommendation of approval to the Vail Town Council for the proposed text amendment, the Community Development Department recommends the Commission makes the following findings: "Based upon the review of the criteria outlined in Section VI this memorandum, and the evidence and testimony presented, the Planning and Environmental Commission finds: 1: That the amendment is consistent wifh the applicable elements of the adopted goals, objectives and poficies 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 Tovyn 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." m VII1. ATT/�CHMENTS A. Comparison of Mitigation Methods B. Draft Ordinance No. 1, Series of 2008. C. Eagle County Housing Needs Assessment, 2007 D. Eagle County Housing Needs Assessment, 1999 20 Attachment A a` As commercial linkage and inclusionary zoning exisf today there is no priority order in the methods of mitigation. • The regulations apply to each method of mitigation equally. • The existing regulations, related to mitigation methods, are not providing the mitigation results the community most values. a Without dramatic policy change it may not be possible to achieve the desired employee housing mitigation. • The examples below illustrate the existing regulations, equally weighted mitigation methods, as well as attempting to prioritize mitigation methods with weighted mitigation rates. Hypoihetical Residential Project 126,311 square feet of new residential development 126,311 sq ft x 10% Inclusionary Zoning = 12,631 sq ft , ---- Mitigation Methods Today Value/Sq Ft Est. Cost On-Site Sq Ft 10% 12,631 $500 $6,315,500 I Off-Site Sq Ft 10% 12,631 $100 $1,263,100 Fee-in-Leiu "10% 12,631 $236.65 $2,989,126 Mitigation Methods Equally Weighted Value/ Sq Ft Est. Cost On-Site Sq Ft 10% 12,631 $500 $6,315,500 Off-Site Sq Ft 50% 63;155 $100 $6,315,500 Fee-in-Lieu 21.25% 26,841 $236.65 Mitigation Methods with Priority On-Site Sq Ft 10% 12,631 Off-Site Sq Ft 65% 82,102 �_Fee-in-Lieu 35% Value/Sq Ft Est. Cost $500 $6,315,500 $100 $8,210,200 $236.65 $10,462,024 !, � O O � 'T� O O � � O O � m � � ^� m � � � � � � "'; � cn cn cQ � cn cn c� � cn cn cQ � m m a� � m m n� � m m °* C � "Q � � "Q 'Q � _ � 'Q � � � � � . � � � � � � � � N w c, � o � �, ,s o �, ,� .� o a �. Q cro vo o N N o o N o 0 o N cr� � � � cn � � s � �• � o � o �' _ � ? � � � -� � J � _J � 'J tC �i 'J �I � � � � O � � � � � � � � � co ,� oo cn cfl c� cfl cfl cfl ta N � � � W � � C = W � � c � O O rt� � O O� � O O� p� o O � � O o� p� o o U) Ut � C31 � U� � � � 4fi Ef� � N 00 00 00 (n .A -� 00 [n � � .p � ;-« ;-� � W i t�p O O C�O �t�0 O W �! rR�D o � W C71 � .A Ut CJf � V � CJ7 �- � 0 O V O O tWfl O O � � � T � � � � � � � Cn C/7 � fn Cn � Cn (n �� � � � m m � m m �! tD cD c 3 � � � 3 � � 3 � � � � � � ca � iv � '' n� n� n� n� � o � � � y � � o � � �—* � _i � � � .� � � � O N � O O O O � .�p Oo -�P � oo Oo 0o Oo .n n .fl o c�''si c�i, � o c�"'n c�''i, � o c�s, c.Wi, � 0 0� o o� o o� � � � � � � � � v � �a m c-� .s cn -� c r� � cn -n c fa -� cn -n c ° °o o � � ° o °o � � °. °o o � � � .� -Q � .,, � -� � ,�, � @ � � � � � � � � � � � � � � � � 0 o m o o m o o� cW�n � c��n -° c�n �° m � � �y � � �� � � �� N N -, .« �I V �i t+o l'"f V'�1 :"' W O � f7 .P� fJ1 GJf � � � Ctf C� � � � t�n� -W.� � � � p � � t�n,_„ -� �"� Gtl � � � W O Q � � O �I N rnrn �� Q � � .� .-.-�' i v x � � om �� � o n � � (p �• � O � �� v � �: N � � =' .� � (D (� G .�. (D �O � � � � � � � �' � °oo io cfl rn @ � � � ro x � N 'a O 0 o � C7 (D O � � � !D � �� �?. N �� (D r °- �' s v� n c� o• m � �� 3 �� o� 0 � �. � m � � _ � �a 0 M � � n � � � �. C y �D � �� n �« � . Attachment B DRAFT ORDINANCE NO. 1 SERIES 2008 AN ORDIN�4NCE AMENDING ARTICLES 12-6A, HILLSIDE RESIDENTI�4L DISTRICT; 12-68, SINGLE-FAMILY RESIDENTIAL DISTRICT; 12-6C, TWO- FAIVIILY RESIDENTIAL DISTRICT; 12-6D, TUVO-FAMILY PRIM/�►RY/SECONDARY RESIDENTIAL DISTRICT; 12-6E, RESIDENTIAL CLUSTER DISTRICT; 12-6F, LOW DENSITY NIULTIPLE-FA►i1�ILY DISTRICT; 12-6G, , MEDIUiUI DENSITY MULTIPLE-FAMILY DISTRICT; 12-6H, HIGH DENSITY MULTIP�E-FAMILY DISTRICT; 12-61, HOUSING DISTRICT; 12-7A, PUBLIC ACCOMMODATION DISTRICT; 12-7B, COMMERCIAL CORE 1 DISTRICT; 12-7C, COMIVIERCIAL CORE 2 DISTRICT; 12-7D, COMIVIERGAL CORE 3 DISTRICT; 12-7E, COMMERCIAL SIERVICE CENTER; 12-7F, ARTERIAL BUSINESS DISTRICT; 12-7H, LIOiVSHEAD MIXED USE 1 DISTRICT; LIONSHEAD �1iIXED USE 2 DISTRICT; 12-7J, PUBLIC ACCOMMODATIUN 2 DISTRICT; .12-8A, AGRICULTURAL AND OPEN SP�4CE DISTRICT; 12-8D, SKI BASE/RECREATION DISTRICT; 12-8E, SKI BASE/RECRE�4TION 2 DISTRICT; 12-9B, PARKING DISTRICT; 12-9C, GENER�4L USE;, CHAPTER 12-13, EMPLOYEE HOUSING, CHAPTER 12-23, COMNIERCIAL LINKAGE, AND CHAPTER 12-24, INCLUSIONARY ZONING, AND SETTING FORTH DETAILS IN REGARD THERETO WHEREAS, on February 25, 2008, the Planning and Environmental Commission of the Town of Vail held a public hearing and reviewed and forwarded a recommendation of for the proposed text amendments to the Zoning Regulations to the Vail Town Council in accordance with the procedu�es and criteria and findings outlined in Chapter 12-3 `of the Zoning Regulations of the Town of Vail; and, WHEREAS, the Town Council finds and determines the provisions of Chapter 12-23, Commercial Linkage and Chapter 12-24, Inclusionary Zoning, Vail Town Code, must be amended to clarify the basis on which Employee Housing Plans shall be reviewed; and, WHEREAS, the Town Council finds and determines that the amendments are consistent with the applicable elements of the adopted goals, objectives and policies outlined in the Vail Comprehensive Plan and is compatible with the developrnent objectives of the Town, based upon Section VI of the Staff memorandum to the Planning and Environmental Commission dated February 25, 2008, and the evidence and testimony presented; and, WHEREAS, the Town Council finds and determines that the amendments further the general and specific purposes of the Zoning Regulations, based upon Section VI of the Staff memorandum to the Planning and Environmental Commission dated February 25, 2008, and the evidence and testimony presented; and, WHEREAS, the Town Council finds and determines that the amendments promote the health, safety, morals, and general welfare of the Town and promote 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 highes� quality, based upon Section VI of the Staff memorandum dated February 25, 2008, WHEREAS, the Town Councii finds and determines that the public health, safety, and welfare will be served by these adopting regulations, based upon Section VI of the Staff memorandum to the Planning and Environmental Commission dated February 25, 2008, and the evidence and testimony presented. NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO, THAT: Section 1. Article 12-6A, Hillside Residential District, of the Vail Town Code is hereby amended as follows (text to be deleted is in °fr;,�t"��g�, text that is to be added is bold. Sections of text that are not amended have been omitted.) 12-6A-2: PERiVII TTED USES: .The following uses shall be permitted in fhe HR district: Single-family residential dwellings. ' Employee Housing Units, as further regulated by chapfer 13 of this title. , � • Section 2. Article 12-6B, Single Family Residential District, of the Vail Town Code is hereby amended as follows (text to be deleted is in �i�et-k�e�g#, text that is to be added is bold. Sections of text that are not amended have been omitted.) 12-6B-2: PERMITTED USES: The following uses shall be permitted in the SFR district: Single-family residential dwellings. T��.� ' Employee Housing Units, as further regulated by chapter 13 of this title. � � • Section 3. Article 12-6C, Two-Family Residential District, of the Vail Town Code is hereby amended as follaws (text to be deleted is in ����#, text that is to be added is bold. Sections of text that are not amended have been omitted.) 92-6C-2: PERMITTED USES: The following uses shall be permitted in the R district: Single-family residential dwellings. � Two-family residential dwellings. �-� " Employee Housing Units, as further regulated by chapter 13 of this title. , • � •, Section 4. Article 12-6D, Two-Family Primary/Secondary Residential District, of the Vail Town Code is hereby amended as follows (text to be deleted is in st�i�et#r-etfgl�, text that is to be added is bold. Sections of text that are not amended have been omitted.) 92-6D-2: PERMI TTED USES: The following uses shall be permitted: Single-family residential dwellings. 0 Two-family residential dwellings. �'� ' Employee Housing Units, as further regulated by chapter 13 of this title. � • , • Section 5. Article 12-6E, Residential Cluster District, of the Vail Town Code is hereby amended as follows (text to be deleted is in �1��, text that is to be added is bold. Sections of text that are not amended have been omitted.) 12-6E-2: PERMI TTED USES: The following uses shall be permitted in the RC district: Multiple-family residential dwellings, including attached or row dwellings and condominium dwellings with no more than four (4) units in any new building. Single-family residential dwellings. , Two-family residential dwellings. �}��e-I-l� employee housing units, as further regulated by chapter 13 of this title. 12-6E-3: CONDITIONAL USES: The following conditional uses shall be permitted in the RC district, subject to issuanee of a conditional use permit in accordance with the provisions of chapter 16 of this title: Bed and breakfasts as further regulated by section 12-14-18 of this tifle. Business offices, as further regulated by subsection 12-16-7A13 of this title. Dog kennels. Funiculars and other similar conveyances. Home child daycare facilities as further regulated by section 12-14-12 of this title. Private clubs. Professional office, as further regulated by subsection 12-16-iA 13 of this title. Public buildings, grounds and facilities. Public or private schools. Public park and recreation facilities. Public utility and public service uses. Ski lifts and tows. -�.y`�--N� . • . . . . Employee Housing Units, as further regulated by chapter 13 of this title. Section 6. Article 12-6F, Low Density Multiple-Family District, of the Vail Town Code is hereby amended as follows (text to be deleted is in s#-�i#e��g#, text that is to be added is bold. Sections of text that are not amended have been omitted.) 12-6F-2: PERMITTED USES: The following uses shall be permitted in the LDMF district: Multiple-family residential dwellings, including attached or row dwellings and condominium dwellings. Single-family residential dwellings. Two-family residential dwellings. T��� . . Employee Housing Units, as further regulated by chapter 93 of this tifle. 12-6F-3: CONDITIONAL USES: The following conditional uses shall be permitted in the LDMF district, subject to issuance of a conditional use permit in accordance with the provisions of chapter 16 of this title: Bed and breakfasts as fur�her regulated by section 12-94-18 of this titie. Dog kennels. Funiculars and other similar conveyances. Home child daycare facilities as further regulated by section 12-14-12 of this title. Private clubs. Public and private schoo/s. Public buildings, grounds and facilities. Public park and recreation facilities. Public utility and public service uses. Ski lifts and tows. � Empl yee Housing Units, as further regulated by chapter 13 of this title. Section 7. Article 12-6G, Medium Density Multiple-Family District, of the Vail Town Code is hereby amended as follows (text ta be deleted is in �e��, text that is to be added is bold. Sections of text that are not amended have been omitted.) 12-6G-2: PERMITTED USES: The following uses shall be permitted in the LDMF district: Multiple-family residential dwellings, including attached or row dwellings and condominium dwellings. Single-family residential dwellings. Two-family residential dwellings. ' Employee Housing Units, as further regulated by chapter 13 of this title. 12-6G-3: CONDITIONAL USES: The following conditional uses shall be permitted in the LDMF district, subject to issuance of a conditional use permit in accordance with the provisions of chapter 16 of this fitle: Bed and breakfasts as further regulated by section 12-14-18 of this title. Dog kennels. Funiculars and other similar conveyances. , Home child daycare facilities as further regulafed by section 12-14-12 of this title. Private clubs. Public and private schools. Public buildings, grounds and facilities. Public park and recreation facilities. Public utility and public service uses. Ski lifts and tows. Emp/oyee Housing Units, as further regulated by chapter 13 of this title, Section 8. Article 12-6H, High Density Multiple-Family District, of the Vail Town Code is hereby amended as follows (text to be deleted is in n}r;,°'",�a�;9,;, text that is to be added is bold. Sections of text that are not amended have been omitted.) 4 12-6H-2: PERMI TTED USES: The following uses shall be permitted in the HDIVIF district: Lodges, including accessory eating, drinking, recreational or retail establishments, located within the principal use and not occupying more than ten percent (10%) of the total gross residential floor area (GRFA) of the main structure or structures on the site; additional accessory dining areas may be located on an outdoor deck, porch, or terrac'e. Multiple-family residential dwellings, including attached or row dwellings and condominium dwellings. ��,c ' Employee Housing Unifs, as further regulated by chapter 13 of this title. 12-6H-3: CONDITIONAL USES: The following conditional uses shall be permitted in the HDMF district, subject to issuance of a conditional use permit in accordance with the provisions of chapter 96 of this title: Bed and breakfasts as furfher regulated by section 12-14-18 of this title. Dog kennels. Funiculars and ofher similar conveyances. Home child daycare facilities as further regulated by section 12-14-12 of this title. Private clubs and civic, cultural and fraternal organizations. Private parking structures. Private unstructured parking: Public and private schoo/s. Public buildings, grounds and facilities. Public park and recreafion facilities. Public parking structures. Public transportatian terminals. Public unstructured parking. Pubiic utility and public service uses. Religious institutions. Ski lifts and tows. � Timeshare units. Employee Housing Units, as further regulated by chapter 13 of this title. Section 9. Article 12-61, Housing District, of the Vail Town Code is hereby amended as follows (text to be deleted is in ��ilt�;�t#r-s�g#, text that is to be added is bald. Sections of text that are not amended have been omitted.) 12-61-2: PERMITTED USES: The following uses shall be permitted in the H district: Bicycle and pedestrian paths. � � Emp/oyee Housing Units, as further regulated by chapfer 13 of ihis fitle. Passive outdoor recreation areas, and open space. 12-6/-3: CONDITIONAL USES: The following conditional uses shall be permiited in the H district, subject fo issuance of a conditional use permit in accordance with the provisions of chapter 16 of this title: , y Commercial uses which are secondary and incidental (as determined by the planning and environmental commission) to the use of employee housing and specifically serving the needs of the residents of the development, and developed in conjunction with employee housing, in which case the following uses may be allowed subjecf to a conditional use permit: Banks and financial institutions. � Business otfices and professional offices as further regulafed by section 12-16-7 of this title. Child daycare facilities. Eating and drinking establishments. Funiculars and other similar conveyances. Health clubs. Personal services, inctuding, but not limited to, laundromats, beauty and barber shops, tailor shops, and similar services. Retail stores and establishments. Dwelling units (not employee housing units) subject to the following criteria to be evaluated by the planning and environmenfal commission: � A. Dwelling units are created solely for the purpose of subsidizing employee housing on the property, and . B. Dweliing units are not the primary use of the property. The GRFA for dwelling units shall not exceed thirty percent (30%) of the total GRFA constructed on the property, and --- - C. Dweiling units are only created in conjunction with employee housing, and D. Dwelling units are compatibie with the proposed uses and buildings on the site and are compatible with buildings and uses on adjacent properties. Outdoor patios. Public and private schools. Public buildings, grounds and facilities. � Public parks and recreational facilities. . Public utilities installations including transmission lines and appurfenant equipment. �� " Employee Housing Units, as further regulated by chapter 13 of this fitle. Section 10. Article 12-7A, Public Accommodation District, of the Vail. Town Code is hereby amended as follows (text to be deleted is in s#�1��#�1�, fext that is to be added is bold. Sections of text that are not amended have been omitted.) 92-7A-2: PERMITTED USES: The following uses shall be permitted in the PA district: Lodges, including accessory eating, drinking, or retail establishments located within the principal use and not occupying more than ten percent (10%) of #he total gross residential floor area of the main structure or structures on the site; additional accessory dining areas may be located on an outdoor deck, porch, or terrace. ' Employee Housing Units, as further regulated by chapter 93 of this title. � 12-7A-3: CONDI TIONAL USES: The following conditional uses shall be permitted in the PA district, subject to issuance of a conditional use permit in accordance with the provisions of chapter 16 of this title: Bed and breakfasts, as further regulated by section 12-94-18 of this title. Fractional fee club units as further regulated by subsection 12-16-7A8 of this title. Healthcare facilities. Lodges; including accessory eating, drinking, or retail estabiishments located within the principal use and occupying between ten percent (10%) and fifteen percent (15%) of the total gross residential floor area of the main sfructure or structures on the site. Major arcades. • Private clubs and civic, cultural and fraternal organizations. Private parking structures. Private unstructured parking. Professional and business offices. Public and private schools. Public buildings, grounds and facilities. Public parking structures. Public parks and recreational facilities. Public transportation terminals. Public unstructured parking. Public utility and public service uses. Religious institutions. Ski lifts and tows. Theaters and convention facilities. -T-�ee-�� . . . . . . Emp/oyee Housing Units, as further regulated by chapter 93 of this title. Section 11. Article 12-78, Commercial Core 1 District, of the Vail Town Code is hereby amended as follows (text to be deleted is in �e���et�gl�, text that is to be added is bold. Sections of text that are not amended have been omitted.) 12-7B-2: PERMI TTED AND CONDI TIONAL USES; BASEMENT OR GARDEN LEVEL: B. Permitted Uses: The following uses shall be permitted in basement or garden levels within a structure: � 8. �y�l� employee housing units, as further regulated by chapter 13 of this tifle. 12-78-3: PERMITTED AND CONDITIONAL USES; F1RST FLOOR OR STREET LEVEL: B.Permitted Uses: The following uses shall be permitted on the first floor or street � level within a structure: 4. .��.�-�1� ' Employee Housing Units, as further regulated by chapter 13 of this title. _ __ _ 12-78-4: PERMITTED AND COND1TlONA�L USES; SECOND FLOOR: A.Permitted Uses; Exception: The following uses shall be permitted on the second f/oor above grade within a structure; provided, however, that a conditional use permit will be required in accordance with chapter 96 of this title for any use which eliminates any existing dwelling or accommodation unit or any'portion thereof.� g, ��e-�� ' Employee Housing Units, as further regulated by chapter 13 of this title. B. Conditionai Uses: The following uses shail be permitted on second f/oors above grade, subject to the issuance of a conditional use permit in accordance with the provisions of chapter 16 of this title: Dog kennels. Electronics sa/es and repair shops. Household appliance stores. Liquor stores. Luggage stores. Meeting rooms. Outdoor patios. Theaters. �e--E� . . . . . . Employee Housing Units, as further regulated by chapter 13 of fhis title. 12-78-5: PERMITTED AND CONDITIONAL USES; ABOVE SECOND FLOOR: A. Permitted Uses: The following uses shall be permitted on any floor above the second floor above grade: Lodges. Multiple-family residential dwellings. T��.� ' Emp/oyee Housing Units, as further regulated by chapter 13 of this title. B. Conditional Uses: The foltowing uses sha!/ be permitfed on any floor above the second floor above grade, subject to the issuance of a conditional use permit in accordance with the provisions of chapter 16 of this title. Any permitted or conditional use which eliminates any existing dwelling or accommodation unit, or any po►tion thereof, shall require a conditional use permit. Such uses may include: 8. -�y�e-N-F . . . . . . Employee Housing Units, as further regulated by chapter 13 of this title. Section 12. Article 12-7D, Commercial Core 3 District, of the Vail Town Code is hereby amended as follows (text to be deleted is in ,s�lce�l��, text that is to be added is bold. Sectians of text that are not amended have been omitted.) 12-7D-1: PERMITTED USES: The following uses shall be permitted in the commercial core 3 district: Banks and financial institutions. � Eating and drinking establishments, including the following: Cocktail lounges and bars. Coffee shops: � Fountain and sandwich shops. Restaurants. Health clubs. Personal services and repair shops, including the following: Beauty and barber shops. Business and otfice services. Cleaning and laundry pick up agencies without bulk cleaning or dyeing. Laundromats. Shoe repair. Small appliance repair shops, excluding furniture repair. Tailors and dressmakers. Travel and ticket agencies. - Professional offices, business offices, and studios. Retail stores and establishments without limit as to floor area including the following: Apparel stores. Art supply stores and galleries. Auto parts stores. Bakeries and confectioneries, preparation of products for sa/e on the premises. Bookstores. Building materials stores without outdoor storage. Camera stores and photographic studios. Candy stores. Chinaware and glassware stores. Delicatessens and specialty food stores. Department and generai merchandise stores. Drugstores. Electronics sa/es and repair shops. Florists. � Food stores. Furniture stores. Gift shops. Hardware stores. Health food stores. Hobby stores. Household appliance stores. Jewelry stores. � Leather goods stores. Liquor stores. Music and record stores. Newsstands and tobacco stores. � Photographic studios. Radio and television broadcasting studios. � Sporting goods stores. Stationery stores. Superrnarkets. � � Toy stores. Variety stores. Yardage and dry goods stores. _. __. T��/-}� ' Employee Housing Units, as further regulated by chapter 13 of this title. . Additional offices, business, or services determined to be similar to permitted uses in accordance with the provisions of this section. 12-7D-2: GONDITIONAL USES: 1"he following conditional uses sha/1 be permitted in the commercial core 3 district, subject to issuance of a conditional use permit in accord with the provisions of chapter 96 of this title: . Any use permitted by section 12-7D-9 of this article which is not conducted entirely within a building. _ _ . ; Bed and breakfasts as further regulated by section 12-14-18 of this title. Brew pubs. Chiid daycare center. Commercial laundry and cleaning services, bulk plant. Commercial storage. Dog kennels. Drive-up facilities. Major arcades. Massage parlors. Outside car wash. Pet shops. Public buildings, grounds, and facilities. Public park and recreation facilities. Public utility and public service uses. Radio and television signal �elay transmission facilities. Theaters, meeting rooms, and convention facilities. Transportation businesses. Emp/oyee Housing Units, as further regulated by chapter 13 of this title. Section 13. Article 12-7E, Commercial Service Center District, of the Vail Town Code is hereby amended as follows (text to be deleted is in �#-rilt��#Fer�la, text that is to be added is bold. Sections of text that are not amended have been omitted.) 12-7E-3: PERMITTED USES: The following uses shall be permitted in the CSC district: Banks and financial institutions. � Eating and drinking establishments, including the following: Bakeries and delicatessens with food service. Cocktail lounges and bars. Cotfee shops. Fountains and sandwich shops. Restaurants. Personal services and repair shops, including the following: Beauty a�nd barber shops. Business and office services. Cleaning and laundry pick up agencies without bulk cleaning or dyeing. Laundromats. Small appliance repair shops, excluding furniture repair. Tailors and dressmakers. Travel and ticket agencies. Professional offices, business otfices, and studios. Retail stores and establishments without limit as to floor area including the following: Apparel stores. Art supply stores and galleries. Bakeries and confectioneries, including preparation of products for sale on the premises. � Bookstores. Building materials stores without outdoor storage. Camera stores and photographic studios. ro Candy stores. Chinaware and glassware stores. Delicatessens and specialty food stores. Department and general merchandise stores. Drugstores. Electronics sa/es and repair shops. Florists: Food stores. Furniture stores. Gift shops. Hardware stores. Hobby stores. Household appliance stores. Jewelry stares. Leather goods stores. Liquor stores. Luggage stores. Music and record stores. Newsstands and tobacco stores. Pet shops. Photographic studios. Radio and television broadcasting studios. Sporting goods stores. Stationery stores. Supermarkets. Toy stores. Variety stores. Yardage and dry goods stores. Additional offices, businesses, or services determined to be similar to permitted uses in accordance with the provisions of section 12-7E-2 of this article. Employee housing units as provided in chapfer 93 of this title. 12-7E-4: CONDI TIONAL USES: The following conditional uses shall be permitted in the CSC district, subject #o issuance of a conditional use permit in accordance with the provisions of chapter 16 of this title: Any use permitted by section 12-7E-3 of this article, which is not conducted entirely within a building. Bed and breakfasts as further regulated by section 12-94-18 of this title. Bowling alley. _ _ _ _ _ _ _ Brew pubs. Child daycare centers. Commercial laundry and cleaning services. Dog kennels. Major arcades. Multiple-family residential dwellings and lodges. Outdoor operation of the accessory uses as set forth in section 92-7E-5 of this article. Private clubs. Private' parking structures. Private unstructured parking. 11 _ Public buildings, grounds and facilities. Public park and recreation facilities. Public utility and public service uses. Ski lifts and tows. Theaters, meetings rooms, and convention facilities. Employee Housing Units, as further regulated by chapter 13 of this title. Section 14: Article 12-7F, Arterial Business District, of the Vail Town Code is hereby amended as follows (text to be deleted is. in st�l�e�g�, text that is to be added is bold. Sections of text that are not amended have been omitted.) 12-7F 3: PERMITTED USES: The following uses shall be permitted in fhe arterial business district: Eating and drinking establishments, as follows, are permitted on the first (street) level: Cocktail lounges and bars. Coffee shops, fountains, sandwich shops and restaurant. Personal services and repair shops, as follows, are deemed to be generally accessory and/or supportive of office uses and shall be permitted on the first (street) level: Beauty and barber shops. Shoe repair. Tailors and dressmakers. Travel and ticket agencies. Professional otfices, business offices and studios. Radio and television broadcasting studios. Retail stores and establishments, as follows, are deemed to be generally accessory and/or supportive of office uses and are therefore permitted so long as they do nof exceed eight thousand (8, 000) square feet in floor area for each such business use and so long as they are located on the first (street) level: Art supply stores. Bookstores. Drugstores. Florists. Newsstands. Stationery stores. Tobacco stores. Additional offices, businesses or services determined to be similar to permitted uses in accordance wifh the provisions of section 12-7F-1 of this article. Employee Housing Units, as further regulated by chapter 13 of fhis title. 12-7F-4: CONDITIONAL USES: A.Enumerated: The following conditional uses shall be permitted in the arterial business district, subject to the issuance of a conditional use permit in accordance with the provisions of chapter 16 of this title: Any use permitted by section 92-7F-3 of this article, which is not conducted entirely within a building. Bed and breakfasts as further provided by section 12-14-18 of this title. Brew pubs. � 12 Child daycare ceriters. , Microbreweries. Private unstructured parking. Public buildings, grounds and facilities. Public park and recreation facilities. Public utility and public services uses, inciuding screened outside storage. Service yards. Transportation businesses. Emp/oyee Housing Unifs, as further regulated by chapter 13 of this title. Section 15. Article 12-7H, Lionshead Mixed Use 1 District, of the Vail Town Code is hereby amended as follows (text to be deleted is in s#-�ilc�+r-ec�g#, text that is to be added is bold. Sections of text that are not amended have been omitted.) 12-7H-2: PERMITTED AND CONDITIONAL USES; BASEMENT OR GARDEN LEVEL: 8. Permitted Uses: The following uses shall be permitted in basement or garden levels within a structure: � Banks and financial institutions. Child daycare centers. , Commercial ski storage. Eating and drinking establishments. Personal services and repair shops. Professional offices, business offices and studios. Public or private bckers and storage. Recreation facilities. Retail establishments. Skier ticketing, ski schoo/ and skier services. 7"ravel and ticket agencies. ��,c ' Employee Housing Units, as further regulated by chapter 13 of this title. Additional uses determined to be similar to permifted uses described in this subsection, in accordance with the provisions of section 12-3-4 of this title. 12-7H-3: PERMITTED AND CONDITIONAL USES; FIRST FLOOR OR STREET LEVEL: B.Permitted Uses: The following uses shall be permitted on the first floor or street level within a structure: Banks, with wa�k-up teller facilities. Child daycare centers. __ _ _ _ _ _ _ Eating and drinking establishments. Recreation facilities. Retail stores and establishments. Skier ticketing, ski school and skier services. Travel and ticket agencies. �y�/� " Employee Housing Unifs, as further regulated by chapter 13 of this title. Additional uses determined to be similar to permitted uses described in this subsection, in accordance with fhe provisions of section 12-3-4 of this title. 13 12-7H-4: PERMITTED AND CONDITIONAL USES; SECOND FLOOR AND ABOVE: A. Permitted Uses; Exception: The following uses shall be permitted on those floors above the first floor within a structure: � Accommodation units. Attached accommodation units. Lodges. Multiple-family residential dwelling units, timeshare units, fractional fee clubs, lodge dwelling units, and .,f +hcn-c„',�-n'�;r.�.. �"�� ' Employee Housing Units, as further regulated by chapter 13 of this title. Additionai uses determined to be similar to permiited uses described in this subsection, in accordance with the provisions of section 12-3-4 of this title. Section 16. Article 12-71, Lionshead Mixed Use 2 District, of the Vail Town Code is hereby amended as follows (text to be deleted is in �l��f�et�g#, text that is to be added is bold. Sections of text that are not amended have been omitted.) 12-71-2: PERMITTED AND COND1TlONAL USES; BASEMENT OR GARDEN LEVEL: B.Permitted Uses: The following uses shall be permitted in basement or garden levels within a sfructure: Banks and financial institutions. Child daycare eenters. Commercial ski storage. Eating and drinking establishments. Persona! services and repair shops. Professional otfices, business offices and studios. Public or private lockers and storage. Recreation facilities. Retail establishments. Skier ticketing, ski school and skier services. Travel and ticket agencies. �/�,c ' Employee Housing Units, as further regulated by chapter 13 of this title. Additional uses determined to be similar to permitted uses described in this subsection, in accordance with the provisions of section 12-3-4 of this title. 12-71-3: PERMITTED AND CONDITIONAL USES; F1RST FLOOR OR STREET LEVEL: B.Permitted Uses: The following uses shall be permiited on the first floor or street level within a structure: Banks, with walk-up teller facilities. Child daycare centers. Eating and drinking establishments. Recreation facilities. Retail stores and establishments. Skier ticketing, ski school and skier services. Travel and ticket agencies. �e.../� ' Employee Housing Units, as further regulated by chapter 13 of this title. � l4 Additional uses determined to be similar to permiited uses described in this subsection, in accordance with the provisions of section 12-3-4 of this title. 12-71-4: PERMITTED AND CONDITIONAL USES; SECOND FLOOR AND ABOVE: A. Permitted Uses; Exception: The fotlowing uses shall be permitted on those floors above the first floor within a structure: Lodges and accommodation units Multiple-family residential dwelling units, timeshare units, fractional fee clubs, lodge dweiling units, and ef��is--�i�/e} ��-b� ' Employee Housing Units, as further regulated by chapter 13 of this title. Additional uses determined to be similar to permitted uses described in this subsection, in accordance with the provisions of section 12-3-4 of this title. Section 17. Article 12-8A, Agriculture and Open Space District, of the Vail Town Code is hereby amended as follows (text to be deleted is in s#�il��e���k�, text that is to be added is bold. Sections of text that are not amended have been omitted.) 92-8A-3: CONDITIONAL USES: The following conditional uses shall be permitted, subject to issuance of a conditional use permit in accordance with the provisions of chapter 16 ofi this title: Any use within public parks, recreation areas, and open spaces which involves assembly of more than two hundred (200) persons together in one building or group of buildings, or in one recreation area or other public recreational facility. Cemeteries. Low power subscription radio facilities. Private golf, tennis, swimming and riding clubs, and hunting and fishing /odges. Public and private schoals. Religious institutions. Semipi►blic and institutional uses, such as convents and religious retreats. Ski lifts and tows. Emp/oyee Housing Units, as furfher regulated by chapter 13 of this title. Section 18. Article 12=8D, Ski Base Recreation District, of the Vail Town Code is hereby amended as follows (text to be deleted is in �r-�1��� text that is to be added is bold. Sections of text that are not amended have been omitted.) _ _ _ __ _ _ _ _ _ 12-8D-3: CONDlT10NAL USES: The following conditional uses shall be permitted in the ski base/recreation district, subject to the issuance of a conditianal use permit in accordance with the provisions of chapter 96 of this title: Addition or expansion of storage buildings for mountain equipment. Additions or expansions of public or private parking structures or spaces. Bed and breakfast as further regulated by section 12-14-18 of this title. ' Child daycare center. Food and beverage cart vending. Public, private or quasi-public clubs. Recreation room/minor arcade. 15 Redevelopment of public parks, playgrounds. Redevelopment of ski lifts and tows. Redevelopment of ski racing facilities. Redevelopment of water sforage extraction and treatment facilities. Seasona/ structures to accommodate athletic, cultural, or educational,activities. Summer outdoor storage for mountain equipment. Summer seasona/ community offices and programs. Employee Housing Units, as further regulated by chapter 93 of this titie. Section 19. Article 12-8E, Ski Base Recreation 2 District, of the Vail Town Code is hereby amended as follows (text to be deleteci is in s�+lt�k�#, text that is to be added is bold. Sections of text that are not amended have been omitted.) 12-5E-3: CONDITIONAL USES: The following conditional uses shall be permifted in the ski base/recreation 2 district, subject to the issuance of a conditional use permit in accordance with the provisions ot' chapter 16 of this title: Brew pubs. Fractional fee units. Outdoor dining decks and patios. Private and pubtic clubs. Public utility and public service uses. Employee Housing Units, as further regulated by chapter 13 of this title. Additional uses determined to be similar to conditional or permitted uses described in this chapter, in accordance with the pr.ovisions of section 12-3-4 of this title. Section 20. Article 12-98, Parking District, of the Vail Town Code is hereby amended as follows (text to be deleted is in ��,�'rcfm�'rrv�yii� text that is to be added is bold. Sections of text that are not amended have been omitted.) 12-98-3: CONDI TIONAL USES: The following conditional uses shall be permitted subject to issuance of a conditiona! use permit in accordance with the provisions of chapter 16 of this title: Major arcades. Parks and recreational facilities. Private or public off street vehicle parking structures. Public uses, private office and commercial uses that are transportation, tourist or town related and that are accessory to a parking structure. Temporary construction staging sites. For the purposes of this section, a ter'nporary , construction. staging site shall mean a site on which, for a temporary period of time, „ construction materials, heavy construction equipment, vehicles and construction trailers may be stored. Employee Housing Unifs, as further regulated by chapter 13 of this title. Section 21. Article 12-9C, General Use District, of the Vail Town Code is hereby amended as follows (text to be deleted is in �lc��a�l�, text that is to be added is bold. Sections of text that are not amended have been omitted.) 16 . 12-9G3: CONDITIONAL USES: A.Generally: The following conditional uses shall be permitted in the GU district, subject to issuance of a conditional use permit in accordance with the provisions of chapter 16 of this title: Child daycare centers. . Equestrian trails. Golf courses. Healthcare facilities. Helipad for emergency and/or commuriity use. Major arcades. Plant and free nurseries, and associated structures, excluding the sale of trees or other nursery products, grown, produced or made on the premises. Public and private parks and active outdoor recreation areas, facilities and uses. Public and private schools. Public and quasi-public indoor community facilities. Public buildings and grounds. Public parking structure. Public theaters, meeti�g rooms and convention facilities. Public tourist/guest service related facilities. Public transportation terminals. Public unstructured parking. . Public utilities installations including transmission lines and appurtenant equipment. Religious insfifutions. Seasonal structures or uses to accomrnodate educational, recreational or cultural activities. Ski lifts, tows and runs. Employee Housing Units, as further regulated by chapter 13 of fhis fitle. Water and sewage treatment plants. Section 22. Section 12-13-4, Employee. Housing, of the Vail Towri Code is hereby amended as follows (text to be deleted is in s#�i����e�►gl�, text that is to be added is bold. Sections of text that are not amended have been omitted.) . ]7 n., � Z W � j � Z � Z �+ 4, W m � w W � W � M !`� � N �c+ a C y� G N C F` tL1 Nw � cD�� . �� dw`� . 77 �/1 � � 'D .L. Q_ W � �"C„ � r. � `� 3 �� � W �,�c � = v � cZ a� tp ca. d �� `o O �Wio�S�a �mo3o F�-.aki�c14io � .." . � 0 Ei `�°� '�rom� y� m W ...0 E �.0 � 0 0 U � � E� �' ��"" `� m � o o, `°�' O o' v°�i q o �� o°o 0o c �� Z r°> �-�.' �C c+�°� r�." a4 . � ` � � ,,,�, a3 co � ��+� m�o� m � c' Vo � Vo� Uo "�= `r' �`, a``ic� a�N 3 c a a�va j cL.�.v � a� ° E� Ea� °'�-° ° Em �`-°m � � � � � � �Q m� o� � mj `° 5 � ° Q� � ` t0 �°''�`��y� °_o' �'°'.c o��'o o�,� v�iQ�-�'cmy �-°��°a��� `�mtu 3-Q v�..,n��,� o � °°� �a � �� � �� m �a o N o c°h �.�a�.. °c � � @ ° � U � ° °'� °�' m��`° � u°�iw � m°,'� � mi"�..v m o o� � cu �`� c'm^'o' N'D ' � cO�p p U O' O j y�� v�i (0 h�... a C � tT " . �°�'� °`roco.�c°o=omm�°'-'�-�°'c �'�U' � =o�°�«���''c�cR C�U� Q taa� � o�.<t � rn�r. m ci- m o¢ m m�L � t»�'�• �s cl- m o� 'a o ,,,, � R $ o c°1i �i.i a o ''� W 'o .o � ,,� '�o� (�m�,o Q� mo,� iq�`� �a�imo� OW.,a�i°m�-� ro m o. � y o i aC:� o m�� c c� m O'm �' � vUj a; � m a ro 0 � � O �." 'p O ' V � ' a�a W"m�� C�v,�°a�,�?j '�o o � �'t c °:�C �`�[� °�' �o �Z ¢ � RU� v�l- co �n W J t- m�u� o W Z 00 0�0� � u`�. c u� " c� c� w o E 0 � � �uQ. e °j cu�c. e !��: p m �•O-q: p �.�[Y o .� y:. ° �"}Z'v� n Wv� � W �3q :U uC � ��a �, m�a a� ��� Q �V1��-my'�o i�-m�a F�,-akic�iC� o °' � o aNi o��3 ai 'Q = � a �° m �� f6��°w' `�°o�i � � �c Ea�i,a. �c�'� �C�, �� �"- � �w m o J� a� �'� Z C�' Z��y y �� ro �° o � W 3m ' �iaQ'i -�com=' I�-`ov�i O f�- i-. O y I-- �n rn .� `o �, o� ��, � � � �Q .Q � rn� � o°o �; 3 � c �O � � � � �� .��� ° o �`m y o =,° ti.-..'_'�F":a $ ��s h� � �V.�,, � �� � aT�� ���E�°�.N �tica�� o� aziia�i a�i oc� ��a�i E rn�� �c�a�`°a� �y ��m>,'�'� "'am �.c -c mp,-�',a,n,�`nE �•€ � roa�;-v a=�:o `o � � cn v� '�'o:a � �,� '�n o h y c ��'v� E E�n c'c m � c c c �n 3 E� a� E.a c°� mCa�3a� v� w._mm'�m oa�a a�o 0 oa�om m�o No.s O..CL�YI-CY...�� 4��YLL.QLY U'�ta) 4....ie�-JNU�Y�..l�l�c�ZLL.CL�L m � w � � ~ � � � ai °o N O h e � � Z U C C a O � Na '� ya � �� � y � � �.� Z m� Z �� � � `°.p c W'•y W�•� W�'in W 3 0 0�' � d` c d� e a�� c a� o o� o �ua �uv ��a � v�H� i � N N^ W a`v„ �N.. `° a� � -. � �, � ro � .N •� °' ro � ,� cQU G~i N � ,�O � y � V �� V�'e °o p Z Oi.U�i a�N T= w ro � � � o. fB ,�m� a mC wmc �m�' � o :... Uo� Cy = 4h V � . L� �, ; � m ro d� � m ro o� ; �r; u,;ti ri�a� a"�°a5 a�°a� a�v� z z � z Q � Q Q Z a � � Q Q 4 " �4 �c 2 Z ����Z � o � m o � Z' cu � � �s c cv m c .Q �� � d'"'°'��'+'� ,�n, d°oa�i'v�,�, ���� � ,C 'D � O ,C 'D �1 p Q7 � � � b � � r ry� a01 1"" � O C;? C c�''0 N �" � V p, :� C � y� w: � � �,a �,a ��c� aEi �_� ����5 �_� °' �n m a�_ �b a; � yw: d � m tn� � y°w' m u fi� �� a? o Wo� wro;��4:roc:: WcL�o!«.�•�°: Wom�y m � � � m L. .� �� � c0 G y�� R7 R% . I�— y� F�. O y N��� � 1,�- O� N�N� � I-�- v�i �':� C m �' �' � N`^ N M V O w � �-p � pyj N �+ N V d C �� V W � � � o`o 0 o m � `° � o ��s-o �`° ai � twU m vmi d� �+=N �''N aCi m U U U v) . c'..U�, a� � a°i m � o�� °: j � j c'�oyi> r n � j c'y a y i� � s `° � t? 'a.m m m m �.� � ��0= � •c m•CZ � a,� a� �'y,y y 'o: °''' y..�'�, d � � °���� m•�� °' m a�i C� m o��W�° a� °'a aai.o.c m d°'a m cLro m a�i� � E� E E E m•m c"`° �m m m ���� �'��oZ ��a�i�'� p� �a ca"� �n o� �v 's c�i � E E E c a�i'� t mm.°p a�i� �,'a � a`0W ����,-rj m�'y5 � n,�+�p ro�;'yj ��_ 4QUUUUUQaC�T� nc�vQO¢�'°'oti m m aR E c�u roW"�'u.W a'Q E m��aW Qi J '�j � a N C C �?d�,o 0 0 > > � L� "" �' �j� p�' � � o. c,o t o'� o.c,i c;a ; o. !� F-�' �V....i �� 1�' � N� j ti � a � 0 0 N 0 m .� � Z a� U C tII c O � a � a � c � a� ��pm°= v,�W Wj�a� Q a� �- a� v E�'O a� o .� '�p w I-�• Cki vr U O ri � � N � F t� D w � V Q C � � � � � �U V �� a4 O�.UJ Q C (jJ r" � O' '� � � � � G � � yN ,�'�,,, �, �p tb N �+ . aa ac'�i°a � � � a m .c � � -° W �4 .� .,��_, z .Q a � c � a' vaW� �� � .n m � � .E E o . �o � !�! w: G �U ��o xa, v� W W 5 � '� 4cpa d ��u- ,rp .�`e,,, F�-. N U U' . . a� � � c o, � m m >'OZ° y Zt°��w° �c'a�m° d W�`m�,w .a o-5 t°'fi"' �+vt � E—° a� � o �o � �,�—� E n.aw: maCi,a.cmQ ��.�'``UaE,E� a�i a�i oa y�w; Z�°'w' m � d�� >a�c m..`c Wro�a.c4.�!�,��, o m -, 5 ��z�° � 3 � � � aQ'i� o.0 0'a�i Q E� o o O� F,. O ul N �/ ..! .� i. � N r" N �'i c�i p,F.^ dmm' � 'a '�w ,�;� o 0 0`o `o a�i �a °' o w.� � ui .,C �.:. ::. U U U vl ` y y k �a V h r.: � � N��,h ro m yU,C�-'� R d0_.. C �'_ � 'B 'n Ta m m ia w c� d io a�ty,0 O o��.. � i�Q ai C v�i m�'c � a'i ��ti: � �da�tn E Edddm ho�c�tn�y �Q..� a� ��o.�:���EEE�a`,'c--���c�i�mc�`o�'a�iw 0 o y,� 3 O� G 5� V o O O o a�i j h•k �p � l�6 � �C Q' � d�/ UT 4Tc�CD..Q4,QUUUUUoO�Sc-.r3t7qtnc�i ro[�O J � V ` C � % � fi ""� lD cC a c.o��t ti ti ���� � � a � °o N O h C � � F Z U C N G � � y �� .7 � N 'v,�`. � W j �'"' j C G7 V � V '�D O ` k-�- N 4� U O 'tf'' N N t� � w� c0 QC � y � U � C U a�r°v N n �, C4 ,u; tv C y, 1�0 t�6 N !^% . a��CO 's C 4,Un'O 5 4 Z 4 2 � � � a 0 y �' O W��LL � U ` � � O�f U � a � �, N � W � C a� O � y w O � c�II N Q1~ �� �+�'a' . E �...�� V �'� C ..N.. C.�.�..�..� . T G i � � � G � � � v�'.. Q_ fII N C j a. F'�..`ooi�uQ'iN�°�' NT"Nai U O N N N � � `p +"�Cf �i � O O O O O d � i3 � O 0@i .5 ci ci .,* ::. ;:. U U U v� ` y� k ::. � h v., 5jw �•`� V'`6 b ro%ia m°'C�1�c"� y°'O m o�i b'ayiLO o o����� yd'o•..��p��.. ��O'=� c � E �� m a'' i m a� iQ a��i�az�a �� o.o � � .0 Q' � O�: O E E� E vd: C � p� y N`So m N y� N C p�i �� a O j CVi � tVi O O O O O�i 3 t�i! �k � y chU ..AC a C N� aO.Z�T4Q4QUUUUUaq�sv.��G�tq�i ro�1Q � N � c 0 0 `'� • ::. � .� �C O) -� Q, t� C y:. � F�'c-fi,..N � 3 � O N v.. O y C � � t," � � Section 23. Chapter 12-23, Commercial Linkage, of the Vail Town Code is hereby amended as follows (text to be deleted is in ��t�r�e�, text that is to be added is bold): 12-23-1: PURPOSE AND APPUCABILITY: A. The purpose of this Chapter is to ensure that new commercial development and redevelopment in the Town provide for a reasonable .amount of employee housing to mitigate the impact on employee housing caused by such commercial development and redevelopment. 8: Except as provided in Section 12-23-5, this Chapter shall apply to all new commercial development and redevelopment located within the foJlowing zone districts: 1. High Density Multiple Family (HDMF); 2, Public Accommodation (PA); 3. Public Accommodation 2 (PA2); 4. Commercial Core 1 (CC1); 5. Commercial Core 2 (CC2); 6. Commer.cial Core 3 (CC3); 7. Commercial Service Center (CSC); 8. Arterial Business (ABD); 9. General Use (GU); 10. Heavy Service (HS); 11. Lionshead Mixed Use 1(LMU9); 12. Lionshead Mixed Use 2(LMU2); 13. Ski Base/Recreation (SBR); 14. 5ki Base/Recreation 2 (SBR2); 95. Parking District (P); and 16. Special Development (SDD). C. The requirements of this Chapter shall be in addition to all other requirements of this Code. D. When any provision of this Chapter conflicts with any other provision of this Code, the provision of this Chapter shall control. 22 Ordinance No. 9, Series of 2008, draft proposing 2, 500 square feet of new net floor area for an eating and drinking establishment, the eq.uation would be as foilows: ((2, 500 square feet = 1, 000 square feet) x(6. 75)) = 16. 875 new empioyees generated 16.875 new employees generated x 20% = 3.375 employees to be housed 12-23-3: SIZE AND BUILDING REQUfREMENTS: A.. Table 23-2, Size of Employee Housing Units, establishes the minimum size of EHUs and the number of employees that can be housed in each. All EHUs shall meet or exceed the minimum size requirements. TABLE 23-2 SIZE OF EMPLOYEE HOUSING UNITS Type of Unit Minimum Size Number of (GRFA) Employees Housed Dormitory 250 1 Studio 438 1. 25 One-Bedroom 613 1.75 Two-Bedroom 788 2.25 Three or More - 1,225 3.5 Bedroom B. Every EHU shall contain a kitchen facility or kitchenette and a bathroom. C. All trash facilities shall be enclosed. D. Parking shall be provided as required by this Title _ _ E. Each EHU shall have ifs own entrance. There shall be no interior access from any EHU to any dwelling unit to which it may be attached. � �t�e�: . .. .. _ - 24 Ordinance No. 1, Series of 2008, draft 12-23-2: EMPLOYEE GENERATION AND MITIGATION RATES: A. The employee generation rates found in Table 23-1, Employee Generation Rates by Type of Commercial Use, shali be applied to each type of use in a commercial development For any use not listed, the Administrator shall determine the applicable employee, generation rate by consulting the Town's current nexus study. TABLE 23-4 EMPLOYEE GENERATION RATES BY TYPE OF COMMERCIAL USE Type of Use Employee Generation Rates Retail Store/Personal 2.4 Employees per 1, 000 feet of new Service/Repair Shop net fioor area Business Office and Professional 3.2 Employees per 1, 000 feet of new Office (excluding Rea/ Estate net floor area Office) Accommodation UnitlLimited 0.7 Emptoyees per net new units Service Lodge Unit Real Esfiate Office 5.1 Employees per 1, 000 feet of new net floor area Eating and Drinking 6.75 EmpJoyees per 1, 000 feet of Establishment new net floor area Conference Facility 0. 8 Empioyees per 9, 000 feet of new net floor area Health Club 0.96 Employees per 1, 000 feet of new net floor area Spa 2.1 Employees per 1, 000 feef of new net floor area 8. If an applicant submits competent evidence that the employee generation rates contained in Tab/e 23-1 or the nexus study do not accurately reflect the number of employees generated by the proposed commercial development or redevelopment and the Administrator finds that such evidence warrants a deviation from those employee generation rates, the Administrator shall allow for such a deviation as the Administrator deems appropriate. C. Each commercial development or redevelopment sha/1 mitigate its impact on employee housing by providing EHUs for twenty percent (20%) of the employees generated, pursuant to Table 23-1, or the nexus study, in accordance with the requirements of this Chapter. For example, for a deve(opment 23 ' Ordinance No. 1, Series of 2008, draft 12-23-4: REDEVELOPMENT: Employee housing impacts need only be mitigated for a redevelopment that results in a greater number of .employees generated from an increase in net floor area, or an increase in the number of accommodation units or limited service lodge units in the redevelopment; provided however, that if any existing EHUs are to be removed, an equal amount of EHUs shall be replaced in addition to the other requirements of this Chapter. 12-23-5: EXEMPTIONS: The following shall be exempt from this Chapter: 1. The redevelopment of existing commercial development, if no new net floor area, accommodation units, or limited service lodge units are created; and 2. The construction o�' EHUs. 12-23-6: METHODS OF MITIGATION: � ' A. For all new construction and demo/rebuild projects that result in a mitigation requirement of 1.25 employees or greater, the mitigation of employee housing required by this Chapfer sha►l be accomplished with on-site u�its. 1, Exceptions: At fhe so/e discretion of the applicable governing bady, an exception may be granted from this on-site. unit requirement should the applicable governing body make one of the following findings: � a. That implementafion of �the on-site unit mifigation method wou/d be contrary ta the intent and pcirpose of the applicable zone disfrict. b. That implementafion of the on-site unit mitigation method would be contra►ry to the goals of the applicable elements of the Vail Comprehensiv� Plan and the Town's development objectives. c. That exceptional or extraordinary circumstances or ' conditions apply to the site that prevents the implementation of the on-sife unit mitigation method. d. That fhe method of mitigafion proposed better achieves the intent and purpose of this Chapter and general and specific purposes of this Title than the on=site mitigation unit method. 25 Ordinance No. 1, Series of 2008, draft 2. Aii on-site EHUs shall be deed restricted, as a"Type IV-CL" (type t'our, commercial linkage mitigation) or "Type VII-CL" (type seven, commercial IinOcage mitigation) EHU in accordance with Chapter 12-13, Employee Housing, of this Title. 3. At the so/e discretion of the applicable governing body, an appiicant may provide on-site dormitory style units. 4. An applicant may provide a payment of fees-in-lieu for any fractional remainder of the requirement generated under this Chapter totaling /ess than 1.25 employees. �1- B. For Section 12-23-6A Chapter shall be following methods: all developmenf projects, except those mitigated by above, the mitigation of employee housing required by this accomplished through one, or any combination, of the On-site units. a. > > � . All on-sife EHUs shall be deed resfricted as a"Type IV-CL" (type four, commercial linkage mitigation) or "Type Vll-CL" (type seven, commercial linkage mitigation) EHU in accordance with Chapter 12-13, Employee Housing, of this Title. � , - At the so/e discretion of the applicable governing body, an applicant may provide on-site dormitory style units. 2, Conveyance of property on-site. An applicant may convey on-site real property to the Town on which no covenants, restrictions or issues exist that would limit the construction of EHUs, afi the sole discretion of the Town Council. This method does not mitigafe the on- site unit requirements of Section 12-23-6A above. 3. Off-site units. a. The requisite number of EHUs, or a portion thereof, may be provided off-site within the Town, pcovided that such EHUs are deed restricted in accordance with this Chapter. b. At the sole discretion of the Pianning and Environmental Commission, an appiicanf may provide off-site dormitory units, unless the application is for a Special 26 Ordinance No. 9, Series of 2008, draft Development District, in which case, the Town Council, in its sole discretion, may accept dormitory units as a method of mitigation. . � � � a. The fee-in-lieu for each emptoyee to be housed shall be established annually by resolution of the Town Council, provided that, in calculating that fee, the Town Council shall include the net cost (total cost /ess the amount covered by rental or sale income) of real property and all related planning, design, site deve%pment, legai, construction and construction management costs of the project, in current dollars, which would be incurred by the Town to provide housing for the employee to be housed in that year. b. An administrative fee, established by resolution of the Town Council, shall be added to the amount set forth in paragraph a hereof. c. Fees-in-lieu shall be due and payable prior to the issuance of a building permit for the development. d. The Town shall only use monies collected from fees-in-lieu to provide new employee housing. 5. Conveyance of property off-site. The Town Council may, at its so/e discretion, accept the conveyance of proper�y off-site in lieu of requiring the provision of EHUs, provided that no covenants, restrictions or issues exist on such property that would limit the construction of EHUs. . . 12-23-7: MITIGATION BANK: A. The Town will provide credit for any EHUs constructed on-site, constructed off-site, or otherwise acquired in anticipation of future commercial development or redevelopment, provided that those EHUs meet all applicable requirements of this Title. However, the construction or acquisition of EHUs in anticipation of future development is at the so/e risk of the applicant, because the commercial development shall be subject to all regulations pertaining to EHUs which are in effect at the time the application for commercial development review is submitted to the Town, even if those regulations change after the EHUs are constructed. 27 Ordinance No. 1, Series of 2008, draft B. It shall be the applicant's responsibility to provide documentation of any existing EHU credit upon submission of an application for development review. lf the applicant cannot adequately document such credits, the Town shall not be obligated to provide such credit. 12-23-8: ADMINISTRATION: A. Each application for development review, except those exempt per Section 12-23-5, shall include an employee housing plan eF�^^��l-��� ����t��,-which includes fhe following: . ._.��.:_ ;::.•,. :�_��.. :.�_,.::__ ,...:�_.:...._.s.-,.-: :�,:.�.e •-e-.:..s—._� 1. Calculation Method. The calculation of employee generation, including credits if applicable, and the mitigation method by which the applicant proposes to meet the requirements of this Chapter, 2. Plans. A dimensioned site pian and architecturai floor plan that demonstrates compliance with Section 12-23-3, Size and Building Requirements; 3. Lot Size. The average tot size of the proposed EHUs and the average lot size of other dwellir►g units in the commercial development or redevelopment, if any; 4. Schedules. A timeline for the provisi.on of any off-site EHUs; 5. Off-Site Units. A proposa/ for the provision of any off-site EHUs shall include a brief statement explaining the basis of the proposal; 6. Off-Site Conveyance Request. A request for an off-site conveyance shall include a brief statement explaining the basis for the . request; 7, Fees-in-lieu. A proposai to pay fees-in-lieu shall inciude a brief statement explaining the basis of the proposal; and 8. Written Narrative. A written narrative explaining how the employee housing plan meets the purposes of this Chapter and complies with the Town's Comprehensive Plan. G. B. Governing Body: The Adminisfrator shall �approve, approve with modifications or deny an employee housing plan involving a fota/ mitigation requiremenf of /ess than 1.25 employees. m Ordinance No. 9, Series oi 2008, draft The Planning and Environmental Commission shall approve, approve wifh modifications or deny an employee housing plan unless the plan involves a total mitigation requirement of /ess than 1.25 employees; the development �la� is located within a Special Development District; or ihe plan includes a request fo convey property., . ' � � . The Town Council shall approve, approve wifh modificafions or deny an employee housing plan for a development /ocated within a Special Development District or a pian requesting to convey property. Before granting approval of an empioyee housing plan, the applicable governing body shall ma6re findings that the employee housing plan conforms to the general and specific purposes of this title, and that the plan is compatible writh the applicable e/ements of the Vait Comprehensive Plan and the development objectives of the Town. � E. lf modifications to a submitted application for development review changes the obligations of the applicant under this Chapter, the applicant shall submit a modified employee housing plan. A modification to �an employee housing plan shall be reviewed by the body that reviewed the initial employee housing plan, in accordance wifh the provisions of this Chapter. � F. An approved empioyee housing plan shall become part of the approved application for development review for the atfected site. G. • Requests fo amend an approved employee housing plan sha// be reviewed in accordance with the procedures described in this Chapter. At the discretion of the Administrafor, minor amendments that do not alter the basic intenf or methodology of the plan may be approved, or approved wifh modifications, or denied by the Administrator. 12-23-9: OCCUPANCY AND DEED RESTRICTIONS: A. No EHU shall be subdivided or divided into any form of timeshare unit or fractional fee club unit. B. EHUs shall riot be leased for a. period less than thirty (30J consecutive days. _ _ _ C. An EHU may be sold or transferred as a separate unit on the site. D. An EHU shall be continuousiy occupied by an employee fer�ed and shall not remain vacant for a period in excess of three (3) consecutive months unless, despite reasonable and documented efforts to � occupy the EHU, �e�#-al efforts are unsuccessful. E. No later than February 1 of each year, the owner of an EHU shall submit a sworn affidavit on a form provided by the Town to the Town of Vail Community Development Department containing the following information: 29 Ordinance No. 1, Series of 2008, draft 1. Evidence to establish that the EHU has been occupied throughout the yea� by an employee; 2. The rental rate (un/ess owner-occupied); 3. The empioyee's employer, and 4. Evidence to demonstrate that at least one �� person residing in the EHU is an employee. 12-23-10: TIMING: All EHUs required by this Chapter shall be ready for occupancy prior to the issuance of a temporary certificate of occupancy for the affected commercial development or redevelopment. 12-23-11: VARIANCES: Variances from the requirements of this Chapter may be granted pursuant to the procedures and �tandards set forth in Chapter 17 of this Title. ; 12-23-12: REVIEW.' A. Purpase. The Town Council intends that the application of this Chapter not result in an unlawfu! taking of private property without the payment of just compensation, and therefore, the Town Council adopts the review procedures set forth in this Section. 8. Planning and Environmental Commission review. Any applicant for commercial development who feeis that the application of this Chapter would effect an unlawful taking may apply to the Planning and Environmental Commission for an adjustment of the requirements imposed by this Chapter. lf the Planning and Environmental Commission determines that the application of this Chapter would result in an uniawful taking of private property without just compensation, the Planning and Environmental Commission may alter, lessen, or adjust employee housing requirements as appiied to the parti.cular project under consideration to ensure that there is no uniawful uncompensated taking. C. Town Council review. If the Planning and Environmental Commission denies the relief sought by an applicant, the applicant may request a hearing before the Town Council. Such hearing shall be a quasi judicial hearing and conducted according to the Town's rules and regulations regarding quasi- judicial hearings. At such hearing, the burden of proof shall be on the applicant to establish that the fulfillment of the requirements of this Chapter would effect an unconstitutional taking without just compensation pursuant to applicable law. . If the Town Council determines that the application of this Chapter would effect an illegal taking without just compensation, the Town Council may alter, lessen, or adjust the emptoyee housing requirements as applied to the particular project under consideration to ensure that no illegal uncompensated taking occurs. The decision of the Town Council shaii be final, subject only to judicial review. 30 Ordinance No. 1, Series of 2008, draft Section 24. Chapter 12-24, Inclusionary Zoning, of the Vail Town Code is hereby amended as follows (text to be deleted is in s#�ik�##��, text that is to be added is bold): 12-24-1: PURPOSE AND APPUCABIUTY.� A. The purpose of this Chapter is to ensure that new residential development and redevelopment in the Town of Vail provide for a reasonable amount of employee housing to mitigate the impact on employee housing caused by such residential development and redevelopment. � B, This Chapter shall apply to all new residential development and redevelopment located within the following zone districts, except as provided in Section ?2-24-5: 9. High Density Multiple Family (HDMF); 2. Public Accommodation (PA); ' 3. Public Accommodation 2 (PA2); 4. Commercial Core 1 (CC1); 5. Commercial Core 2 (CC2); 6. Commercial Core 3 (CC3); 7. Commercial Service Center (CSC); 8. A►terial Business (ABD); 9. General Use (GU); 90. Heavy Service (HS); 11. Lionshead Mixed Use 1(LMU1); 12. Lionshead Mixed Use 2(LMU2); 13. Ski Base/Recreation (SBR);. 14. Ski Base/Recreation 2 (SBR2); 15. Parking District (P); and 16. Special Development (SDD). C. The requirements of this Chapter shall be in addition to all other requirements of fhis Code. D. When any provision of this Chapter conflicts with any other provision of this Code, the provision of this Chapter shall control. 31 Ordinance No. 1, Series of 2008, draft 12-24-2: EMPLOYEE HOUS/NG REQUIREMENTS: Every residential development and redevelopment shall be required to mitigate its direct and secondary impacts on the Town by providing employee housing at a mitigation rate of ten percenf (90%) of the total new GRFA. For example, for a development proposing 5,500.square feet of new GRFA, the calculation would be as follows: 5,500 square feet of new GRFA x 90% mitigation rate = 550 square feet of employee housing to be provided � 12-24-3: BUlLDING REQUIREMENTS: A. Table 24-�, Size of Employee Housing Units, esfablishes the minimum size requirements for EHUs under this Chapter. All EHUs shall meet or exceed the minimum size requirements. TABLE 24-1 SIZE OF EMPLOYEE HOUSING UN1TS Type of Unit Minimum Size (GRFA) Dormitory 250 Studio 438 One-Bedroom 613 Two-Bedroom 788 Three or More -Bedroo 1,225 8, Every EHU shail contain a kitchen facility or kitchenette and a bathroom. C. Ali trash facilities shall be enclosed. D. Parking shall be provided as required by this Title. E. Each EHU shall have its own entrance. There shall be no interior access from any EHU to any dwelling unit to which it may be attached. , �� _ . .. .. _ 32 Ordinance No. 1, Series of 2008, draft 12-24-4: REDEVELOPMENT.' Employee housing need only be provided for the increase in the GRFA of a redevelopment; provided however, that if any existing EHUs are to be removed, an equal amount of EHUs shall be replaced in addition to other requirements of this Chapfer. 12-24-5: EXEMPTIONS: The following shal! be exempt from this Chapter: 1. The remodeling of an existing dwelling unit; 2. The replacement of a demolished residential development, provided the replacement structure does not exceed the total GRFA of the original structure; and 3. The construction of EHUs. 12-24-6: METHODS OF MITIGATION: A. For all new construction and demo/rebuild projects thaf resuit in a mifigafion requirement of 438 sq, ft. or greafer, the mitigafion of employee housing reguired by this Chapter shall be accomplished with on-site units. 1, Exceptions: At the so/e discretion of the applicable governing body, an exception may be granted from this on-site unit requirement should fhe applicable governing body make one of the following findings: � a. That implementation of the on-siie unit mitigation method would be contrary to the intent and purpose of the applicable zone districf. b. That implementation of the on-site unit mitigation method would be contrary to the goa/s of the applicable elements ofi the Vail Comprehensive Plan and fhe Town's development objectives. c. That exceptional or extraordinary circumstances or conditions apply to the site that prevents the implementation of the on-site unit mitigation method. d. That the method of mitigation proposed better achieves the intent and purpose of this Chapter and general and specific purposes of this Title than fhe on-site mitigation unit method. 33 Ordinance No. 1, Series of 2008, draft 2, All on-site EHUs shall be deed resfricted as a"Type IV-►Z" (type four, inclusionary zoning mitigation) or "Type VlI-1Z" (type seven, inciusionary zoning mitigation) EHU in accordance with Chapfer 12-13, Employee Housing, of this Tifle. 3. At the so/e discretion of the appiicable gaverning body, an applicanf may provide on-site dormitory style units. 4. An applicant may provide a payment of fees-in-lieu for any fractional remainder of fhe reguirement generated under this Chapter totaling /ess than 438 sq.ft. of EHU floor area. �!:- B. For Secfion 12-246A Chapter shall be foilowing methods: all development projects, except those mitigated by above, the mitigation of employee housing required by this accomplished through one, or any co►nbination, of the On-sife units. On-site units. a. � ' � . All on-site EHUs shall be deed restricted as a"Type IV-IZ" (type four, inclusionary zoning mitigation) or "Type Vll-lZ" (type seven, inclusionary zoning mitigation) EHU in accordance with Chapter 12-13, Employee Housing, of fhis Title. b. � , , At the so/e discretion of the applicable governing body, an applicant may provide on-site dormitory style units. 2. Conveyance of property on-sife. An appiicant may convey on-site real property to the Town of Vaii on which' no covenants, restrictions or issues exist that would limit the construction of EHUs, at the so/e discretion of the Town Council: This meihod does not mitigate tMe on-sife unit requiremenfs of Section 12-24-6A above. 3. Off-site units. a. The requisite number of EHUs, or a portion thereof, may be provided otf-site within the Town, provided that such EHUs are deed restricfed in accordance with this Chapter. 34 Ordinance No. 1, Series of 2008, draft b. At the sole discretion of the Planning and Environmental Commission, an applicant may provide off-site dormitory units, unless the application is for a Specia/ Development District, in which case, the Town Council, in its sole discretion, may accept. dormitory units as a method of mitigation. 4. Payment of fees-in-lieu. a. The fee-in-lieu for each square foot shall be established annually by resolution of the Town Council, provided that in .calculating that fee, the Town Council shall include the net cost (total cost less the amount covered by rental or sa/e income) of real property and all relafed planning, design, site development, legal, construction and construction management costs of the project, in current dollars, which would be incurred by the Town to provide the square feet in that year. b. An administrative fee, established by resolution of the Town Council, shali be added to the amount sef forth in pacagraph a hereof. c. Fees-in-lieu shall be due and payable prior to the issuance of a building permit for the development. d. The Town shall only use monies collected from the fees-in- lieu to provide new employee housing. 5. Conveyance of property off-sife. The Town Council may, at its sole discretion, accept a conveyance of rea/ property off-site in lieu of requiring construction of EHUs, provided that no covenants, restrictions or issues exist on the property that would limit the construction of EHUs. 12-24-7 MITIGATION �ANK: A. The Town will provide credit for any EHUs consfructed on-site, constructed off-site, or otherwise acquired in anticipation. of future residential development or redevelopment, provided that those EHUs meet alt applicable requirements of this Chapter. However, the construction or acquisition of EHUs in anticipation of future development is at the risk of the appiicant, because the residential development shall be subject to all regulations pertaining to EHUs which are in effect at the time the application for development review is submitted to the Town, even if those regulations change after the EHUs are canstructed. B. lt shall be the applicant's responsibility to provide documentation of any existing EHU credits upon submission of an application for development review. If the applicant cannot adequately document such credits, the Town shall not be obligated to provide such credits. 35 Ordinance No. 1, Series of 2008, draff 12=24-8: ADM1NlSTRATJON: A. Each application for development review, except those exempi per Section 12-24-5, shali include an employee housing plan e�-�a#ernA� e��ie�r-which inciudes the foilowing: . .. 1. Calculation Method. The calculation of the inclusionary zoning requirement, including credits if applicable, and the mitigation method by which the applicant proposes to meet the. requirements of this Chapter, 2. Plans. that demonstrafes Requirements; A dimensioned site plan and architectural floor plan compliance with Section 12-24-3, Building 3. Lot Size. The average lot size of the proposed EHUs and the average lot size of other dwelling units in the commercial development or redevelopment, if any; 4. Schedules. A timeline for the provision of any otf-site EHUs; 5. Off-Site Units. A proposal for the provision of any off-site EHUs shall include a brief statement explaining the basis of the proposal; 6. Off-Site Conveyance Request. A request for an off-site conveyance shali include a brief statement exptaining the basis for the request; and � 7. Fees-in-lieu. A proposal to pay fees-in-lieu shall include a brief statement �xplaining the basis of the proposal. 8. Written Narrative. A written narrative expiaining how the employee housing plan meets the purposes of this Chapter and complies with the Town's Comprehensive Plan. �. B. Gove�-ning Body: The Administrator shall approve, approve with modifications or deny an employee housing plan involving a total mifigafion requirement of /ess than 438 square feet of EHU f/oor area. � The Planning and Environmental Commission shall approve, approve wifh modifications, or deny an employee housing ptan uniess the plan involves /ess than 438 sguare feef of EHU f/oor area; the devetopment � is located within a Special Development District; or fhe ptan includes �a request to convey property, � ' 36 Ordinance No. 1, Series of 2008, draft The Town Council shall approve, approve with modifications or deny an employee housing plan' for a developmenf located within a Specia/ Development District or a plan reques�Fing to convey property. Before granting approval of an employee housing plan, the applicable governing body shall ma0ce findings that fhe� employee housing plan conforms to the generai and specific purposes of this title, and that the plan is compatible with the applicable elements of fhe Vail Comprenensive Plan and fhe development objectives of the Town. �B-: C. lf modifications to a submitted application for development review changes the obligations of the applicant under this Chapter, the appircant sha11 submit a modified employee housing pian. A modification to an employee housirrg plan shall be reviewed by the body that reviewed the initiai employee housing ptan, in acco�dance with the provisions of this Chapfer. �: D. An approved Employee Housing Plan shall become pa►t of the approved application for development review for the atfected site. E. Requests to amend an approved employee housing plan shaN be reviewed in accordance with fhe procedures described in this Chapter. At the discretion of the Administrator, minor amendments that do not alter the basic intent or methodology of the plan may be approved, or approved with modificafions, or der+ied by the Administrator. 12-24-9: OCCUPANCYAND UEED RESTRICTIONS: A. No EHU shall be subdivided or divided into any form of timeshare unit or fractional fee club unit. B. EHUs shall not be leased for a period less than thirty (30) consecutive days. C. An EHU may be sold or transferred as a separate unit on the site. D. An EHU shall be continuously occupied by an employee �d and shall not remain vacant for a period in excess of three (3) consecutive months unless, despite reasonable and documented efforts to � occupy the EHU, �►#aE effo►ts are unsuccessfuL E. No later than February 1 of each year, the owner of each EHU shail submit a sworn affidavit on a form provided by the Town with the following information: 1. Evidence to establish that the EHU has been rented or owner occupied throughout the year, 2. The rental rate (unless owner-occupied); 3. The employee's employer; and 37 Ordinance No. 1, Ser+es of 2008, draff . 4. Evidence to demonstrate that at /east one #�;�a�# person residing in the EHU is an employee at a business located in Eagle County. 12-24-10: TIMI NG: All EHUs required by this Chapter shall be ready for occupancy prior to the issuance of a temporary certificate of occupancy for the affected residential development. 12-24-19: VARIANCES: Variances from the requirements of this Chapter may be granted pursuant to the procedures and sfandards set forth in Chapter 17 of this Titte. 12-24-12: REVIEW.� A. Purpose. The Town Council intends that the application of this Chapter not result in an unlawful taking of private property without the payment of just compensation, and therefore, the Town Council adopts the review procedures set forth in this Section. 8. Planning and Envi�onmentaJ Cornmission review. Any applicant for residential development who feels that the application of thi� Chapter would effect an unlawful taking may apply to the Planning and Environmental Commission for an adjustment of the requirements imposed by this Chapter. if the Planning and Environmental Commission determines that the application of this Chapter would result in an uniawful taking of private property witMout just compensation, fhe Planning and Environmental Commission may alter, lessen, or adjusf employee housing reguirements as applied to the par�icular project under consideration to ensure that there is no unlawful uncompensated taking. C. Town Council review. If the Pianning and Environmental Commission denies the relief sought by an applicant, the applicant may request a hearing before the Town Council. Such hearing shali be a quasi judicial hearing and conducted according to the Town's rules and regulations regarding quasi- judicial hearings. At such hearing, the burden of proof shall be on the applicant to establish that the fulfillment of the requirements of this Chapter would effect an unconstitutional taking without just compensation pursuant to applicable law. If the Town Council determines that the appiication of this Chapter would effect an illegal taking without just compensation, the Town Council may alter, lessen, or adjust the employee housing requirements as applied to the particular prbject under consideration to ensure that no illegal uncompensated taking occurs. The decision of the Town Council shall be final, subject only to judicial review. Section 25. 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. 38 Ordinance No. 1, Series of 2008, draft Section 26. 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 27. 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 an.y provision hereby shall not revive any provision or any ordinance previously repealed or superseded unless expressly stated herein. Section 28. 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, theretafore repealed. INTRODUCED, READ ON FIRST READING, APPROVED, AND ORDERED PUBLISHED ONCE IN FULL ON FIRST READING this 4th day of March, 2008 and a public hearing for second reading of this Ordinance set for the 28th day of March, 2008, in the Council Chambers of the Vail Municipal Building, Vail, Colorado. Richard D. Cleveland, Mayor Attest: Lorelei Donaldson, Town Clerk . .�. �....• �• • �� �� � ��-� � �- : � .. . ��: Richard D. Cleveland, Mayor Attest: �orelei Donaldson, Town Clerk 39 Ordinance No. 1, Series of 2008, draft i Eagle Coun�y H4USING NEEDS ASSESSMENT . 2007 � DECEMBER 2007 Prepared for. Eagle Couniy Prepared by: RRC Associates, Inc. 4940 Pearl Easf Circle, Suife 103 Boulder, CO 80301 (303) 449-6558 ar�d Rees Consulting, lnc. Attachment C . , , FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 TABLE OF CONTENTS INTRODUCTION.............................................................................................................................................1 CONTEXT.....-•• ...........................................................................................................................•....................2 METHODOLOGY............................................................................................................................................3 AREACOVERED ............................................:....................................................................................3 PRIMARYRESEARCH ..............................................................................:...........................................3 STAT{STICAL VALIDITY ........................................................................................................................4 OTHER SOURCES OF (NFORMATION ....................................................................................................4 DEFINITIONS......................................................................................................................................5 QVERVIEW OF THE EAGLE COUNIY NEEDS ASSESSMENT ...................................................................7 NEEDSQUANTIFIED ...........................................................................................................................7 GAFAN,41_YSIS ...............................................................................................................::..................8 DEMOGRAPHIC, ECONOMIC AND MARKET CONDITIONS ........................................................................9 HOUSING PREFERENGES ..................................................................................................................11 SECTION 1- CURRENT HOUSEHOLD TRENDS AND CHARACTERISTICS ...........................................13 COUN7Y POPULATION AND HOUSEHOLOS ..........................................................................................13 HousING UNIT EST►MATES ...............................................................................................................13 HOUSEHO�D ESTIMATES ..................................................................................................................14 HOUSEHOLD DEMOGRAPHICS ...........................................................................................................14 Tenure.......................................................................................................................................14 HouseholdType ..................................................................................:.....................................15 Households wifh Children .........................................................................................................15 Change in Households Over Next 5 Years ..............................................................................15 ResidenceType and Size ..............:........................................................:................................. 96 LengtF► of Residency .................................................................................................................17 HouseholdIncome ....................................................................................................................18 HouslN� Cosrs .............................................................................................................................19 HOUSEHOLD AREA MEDIAN INCOME (AMI� ........................................................................................19 HOUSINGAFFORDABILITY .................................................................................................................21 SECTION 2- HOUSEHOLD AND EMPLOYER PROBLEMS .......................................................................23 HOUSEHOIDS WITH "HOUSING PROBLEMS° ...............................................:.......................................23 Cost-Burdened .......................................................................................................................... 23 Overcrowding............................................................................................................................ 24 PoorCondition ..........................................................................................................................25 EMPLOYERPROBLEMS ...............................................................................................:.....................25 Workforce Nousing Perceptions ...........................................................:...................................25 UnfrlledPositions ..............................:.......................................................................................26 Why you have unfilled positions ...............................................................................................26 Problems Due to Nousing, Transporiation, Day Care and Cosf of Living ................................26 � SECTION 3- EMPLOYMENT AND GOMMUTING ............:.........................................................................28 JOB ESTIMATES AND PROJECTIONS ........................................................................:.........................28 EMPLOYERS� ANTICIPATED CHANGE IN EMPLOYMENT ............:...........................................................28 JOBS PER EMPLOYEE AND EMPLOYEES PER HOUSEHOLD ....................................................:..............29 RRC ASSOCIATES, INC.; REES CONSULTING, INC. � TOC FINAL - FAGLE COUNTY HOUSING NEEDS ASSE55MEN7 2007 HOUSEHOLD:JOBS RATIO .................................................................................................................29 � JOBSBY INDUSTRY ..........................................................................................................................31 WAGES...........................................................................................................................................31 SEASONALITY OF EMP�OYMENT ........................................................................................................32 COMMUTINGPATI�ERNS ...................................................................................................................34 WhereWorkers Live .................................................................................................................34 WhereResidents Work .............................................................................................................34 Mefhodsof Commuting .............................................................................................................35 TENURE OF EMP�OYMENT ................................................................................................................36 HOUSINGASSISTANCE .................................................................................................:...:...............37 Employer Housing Assistance - Current ..................................................................................37 . Empioyer Housing Assistance — Fufure ..........................................................:........................37 SECTION4— HOUSING INVENTORY .........................................................................................................39 TYI'E OF UNITS ................................................................................................................................39 CONDITIONOF HOUSING STOCK .......................................................................................................40 AGEOF UNITS ......................................................................:..........................................................40 OWNERSHIPOF UNITS .................................................................................................:....................41 OCCUPANCY....................................................................................................................................46 DEED-RESTRICTED HOUSING ...........................................................................................................47 SECTION 5 - OWNERSHIP MARKET ......................................................................:..................................48 VALUEOF OWNED UNITS ...................................................................:.........................................:....48 RESIDENTIAL SALES BY YEAR ...........................................................................................................50 RESIDENTIALSALE PRICES .........................................................................:.....................................51 NEVJANDEXISTING SALES ...............................................................................................................52 SAI_E PRICES AND LOGAL (NCOMES ...................................................................................................53 SALESTO LOCALS .......................................................................................:....................................54 MULTIPLELISTING SERVICE ..............................................................................................................55 REALTOR(NTERVIEWS ......................................................................................................................55 SECTION6 - RENTAL MARKET .................................................:................................................................56 RENT.................................................................:.....................................:...............................:......56 VACANCYRATES ..............................................:...........:..................................................................57 RENTAL MANAGER INl'ERVIEWS ........................................................................................................58 SECTION7 - HOUSING PREFERENCES ....................................................................................................59 LoCAT►oN ........................................................................................................................................59 WhereWant to Live ..................................................................................................................59 lM�ere Now Live .....................................................................................................................:.. 61 LocationAifributes ....................................................................................................................63 Value of Preferred Locafion .....:................................................................................................ 65 RENTERPREFERENCES ...................................................................................................................66 HOMEOWNERSHIP............................................................................:...............................................69 UNIT T1PE AND SIZE PREFERENCES ....................................:............................................................70 HOUSINGCOST PREFERENCES ........................................................................................................72 DEEDRESIRICTIONS .......................................................................................................................75 AMENITIES.......................................................................................................................................76 SENIORHOU51N� ............................................................................................................................Tl RRC ASSOCIATES, WC.; REES CONSULTING, INC. TQC 1" FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 SEC'fION 8- HOUSING NEEDS AND GAPS ...............................................................................................80 CATCH-UP NEEDS ...........................................................................................................................80 Demand from Unfilled Jobs in 2007 .........................................................................................80 IN-COMMUTERS (CATCH-UP� ........................................:..................................................................81 Units Needed to Address Overcrowding ..................................................................................82 KEEPUP NEEDS ..............................................................................................................................83 Hausing Demand from Job Growth .............................:....................................:................:......83 . Demand from Replacement of Retirees ....................................:..............................................83 TOTAL NEED FOR ADDITIONAL HOUSING ...........................................................................................84 DEt�at�� aY AMI ..............................................................................................................................85 FREE-MARfCE r AvA►lAB►��lY .................................................................................:..........................86 GAPS..............................................................................................................................................87 APPENDIXA - AMI PROFILES ....................................................................................................................89 APPENDIX B- CENSUS PROFI�E AND TRENDS ......................................................................................97 APPENDIX C- EMPLOYER SURVEY FORM AND OPEN-ENDED COMMENTS .....................................113 APPENDIX D- HOUSEHOLD SURVEY FORM AND OPEN-ENDED COMMENTS ....................:.............119 RRC ASSOCIATES, INC.; REES CONSULTING, INC. TOC FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 INTRODUCTION The purpose of the siudy is to provide incorporafed Eagle Couniy with baseline informa6on about cuRent and future housing needs and the available supply of housing to address these needs. The information in this report will be useful in evaluating and targeGng the housing needs'of local residents and workers. The information cari also be used to discuss housing needs and opportunities with the DepartmenYof Housing and Urban Development (HUD) and various other federal, state, local and other public agencies and non- profit and private interests involved in projects far the community. The Eagle County Housing Department commissioned this sfudy to address the co�nty as a whole. However, the departmenf made a special effort to obtain suffiaent data for each individual town to further assess their spec�c circumstances. The analysis contained in this report does not spec'�'ically address the towns within fhe county butsuch analysis could be undettaken based on the survey data that has been collected. . This information may be used to: • Evaluafe and potentialiy modify public policies and housing programs including land use regulations, affordabie housing incentives and development codes; • Facilitate partnerships beiween public- and private-sector organizations to create developments that include housing that is suitabie and affordable to different population groups; � Obtain financing for housing projects. Most private, federal and state lending institutions require demographic and housing cost information to support loan or grant applications. Often information presented in a housing needs assessment may be used fo support a proposed development with different funding agencies. This informafion can also be used when a financial institution requires market studies (for example, rentai units financed with Low-income Housing Tax Credits); • Assess the distribution paiterns of housing throughout Eagie County, particularfy in the context of employment; • Establish baseline information from which progress foward meeting agreed upon goais can be evaluated; o Plan for future housing needs connected with an#iapated growth in jobs and households in Eagle County; e Understand economic, housing cost and demographic trends in the area; and • Support various other planning-related projects that can benefit from the availability of up-to-date demographic data including transportation studies, environmental impact statements, school expansions and parksirecreation pianning. RRC AS50CIATES, INC.; REES CONSUCTING, INC. 1 FINA� - EAGLE COUNTY HOUS►NG NEEDS ASSESSMENT 2007 CONTEXT Addressing housing needs, concems, issues and opportunities is a compiex and often emotional issue. A Housing Needs Assessment provides baseline information from which policy decisions, local housing goals and objectives and program options can be evaluated. This information is intended to inform decisions, as well as suggest program and policy options for local govemments to consider when addressing communify housing needs and opportunities. Ideally, Eagle Counry wiil have a mix and balance of housing that supports current and future residents as their housing needs and conditions change to support not only changing life pattems of residents, but also to support the con6nued economic development of the area by ensuring local employees can find and afford housing. Affordable housing is generally defined as a housing paymeht that does not exceed 30 percent of gross monthiy income and a home that is of a sufficient size to meet the needs of the household. The types of homes fhat are made available under local housing initiatives vary depending on the housing needs in different communities and the policies and goals established by these communities to support these goals. Customiz�ng p�licies, goals and programs to local conditions is an important component of any successful housing strategy. sa�zo°� anm Max Income $87,600 Matt Rent $2,19D � Max Purchase Price $288,086 80°� AAAI 56-80% �41V0 � MaX Inwme §53,850 Mau Re�t $'1,346 Max Purchase Price $180,238 50% AMI . _ <=SOy, qM1 Ma�c Income S3G,500 Ma�c Rent 5913 Max Purchase Price S71A,796 �zaiao% aiw Ma�c Income 5109,500 Max Rent $2,738 1�,� � Maz Purchase Price $334,741 ,��:;�z _�%'`�.`..w 140°h AMI Eagte County Househoids Over 140% AMl Max Income Over 5109,500 Max Rent over 5�,738 Max Purchase Price Over �334,741 `Doilar emounis represent the HUD AMI defined for an average sized &pe�son family household in Eagie County. "Assumes no more than 30 per�ent of household incnme is used ior ren� "'Assumes $10,000 down; 6%30-year loan; appmwmately 20%of monthly payment for insurance, taxes, PMI, HOA. RRC ASSOCIATES, INC.; REES CONSULTING, INC. 2' FINAL - EAGLE COUNTY HOUSING NEEDS ASSE55MENT 2007 METHODOLOGY Area Covered This study covers Eagle County and inciudes information on workers that in-commute to Eagle County for jobs. A mix of primary research and available public information sources was used to generate information for fhe counfy and in-commuting households. Eagle County, Area Covered by fhe Needs Assessment Source: Eagie County GIS Deparfment, RRC Associates, inc. Primary Research , Primary research was conducted to generate information beyond that available from e�sting public sources. This research included a household survey (distributed to Eagle County househoids), an employee sunrey, and local realtor and proper[y �manager interviews. Household Survey. The Househoid Survey was mailed to 8,000 random homes in Eagle County. A total of 1,526 completed household surveys were retumed, for a response rate of about 19 percent. Responses from the household survey represent a total of 1,526 households, 4,210 total persons in households and 2,766 employed adults. The primary purpose of the sunrey was to generate information on housing needs and preferences; opinions on potential housing issues, programs and solutions; and employment and commuting pattems among Eagle County residents. While the survey targeted Eagle County households as a whole, sufficient data was collected to allow future analysis af the individual community IeveL RRC ASSOCIATES, WC.; REES CONSULTWG, {NC. 3 FINAL - F�IGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 In-Commuting Empioyee Survey. The 50 largest businesses in Eagle County were contacted to engage their assistance in delivering surveys to their employees that live outside of the County. The survey was designed to primarily reach in-commufing empioyees; however, given the nature of most businesses having only PO Box address information for employees, some businesses distributed surveys to a mix of in- � commuting and County resident employees. Survey responses included 35 county resident employees and 43 in-commuting employees. Employer Surveys. 50 of the largest employers in the county were contacted by phone, of which 34 completed the survey. Another 500 businesses were randomly mailed a survey to reach a variety of business types, sizes and locatioms in the city. In toial, we received about 133 responses, for an average response rate of about 24 percent. Responding businesses together account for an average of 7,021 jobs, or 17 percent of jobs in Eagle County. The intent of the surveys was to determine where employees live; changes in employment over time; to what extent employee housing is perceived to be an issue by employers; whether empioyers feel housing programs for employees are needed; and their associated level of support for housing assistance. Realfor and Properfy Managemenf lnferviews. Ten realtors, each representing different companies, and tweive property managers (22 totai) were interviewed to supplement the surveys to leam what households are seeking when looking to purchase or rent a unit. Trends in real estate sales and preferences and changes and the rental market were also discussed. Statistical Validity The margin of error for househoid survey tabulations is generally within 3.5 percent at the 95 percent confidence level. This means that, for tabulations involving the entire sample, there is 95 percent confidence that any given percent reported is no more than plus or minus 3 to 4 percentage points from what is actually the case. When estimates are provided for sub-groups, such as household type, owne�s and renters, etc., the sample size is reduced causing the tabulations to be less prease. Ofher Sources of Information A variety of sources of published information were used in the preparafion of this report, including: • 1990 and 2000 US Census data, induding CHAS (Comprehensive Housing Affordability Strafegy) special tabulation data; • Employment information from the Colorado Departrnent of Labor and Emplbyment (2000), the U.S Bureau of Economic Analysis, the Center for Business and Economic Forecasting (CBEF� and Business Pattem data from the Economic Census; • Employment and populati�n projections from the Department of Loca� Affairs; • Northwest Colorado Council of Govemments for home ownership trends; • 2007 Area Median Income for Eagle County from the Department of Housing and Urban Development; • Eagle County Housing Department rent vacancy surveys; and � Eagie County Assessor data for homeownership and sales information and Eagle County MLS for cuRent sales listings. RRC ASSOCIATES, INC.; REES CONSULTING, INC. 4 FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 20D7 Definifions The following definitions are applicable for the terms used in this report. Affordabie Housing—when the amount spent on rent or morfgage payments (excluding ufilities) does not exceed 30 percent of the combined gross income of all household members. There is no single amount that is "affordable.° The term is not synonymous with low-income housing, where, under most Federai programs for low-income housing, occupants pay 30 percent of their gross income for renf and utilities. Area Median Income (AMIJ Limifs— most communities esfablish income limits for the programs they administer based on the area median income (AMI} for the area according to household size, which are adjusted annualiy by the Department �f Housing and Urban Development (HUD). Four different income categories are defined for various programs and policies: 1. Extremely low-income, which is less than 30 percent of the median family income; 2. Very low-rncome, which is between 30 and 50 percent of the median family income; 3. Low-income, which is between 50 and 80 percent of fhe median family income; 4. Middle income, which is between 80 and 120 percent of fhe median family income; and 5. Above middle income, which is over 120 percent of fhe median family income. Cosf Burdened — when a household or individual spends more than 30 percent of gross income on rent or mortgage payments. Households paying 50 percent or more of fheir income for rent or mortgage are said to be severely cost-burdened. ' lnclusionary Zoning — requires a minimum percentage of residential development be provided at below- rnarket rates to serve lower income households as part of new residential developmenfs (30 percent in Eagle County). Inclusionary zoning is a housirig production obligation based on the cAmmunity's need for affordabie housing as related to many facto�s, including a decreasing developable supply of land, rising home values, insu�cient provision of housing affordable to residents by the market, etc., in addifion to any direct employee generation impacts of development. Low Income Housing Tax Cred'rt— a tax credit (Internal Revenue Code Section 42) available to investors in rental housing projects focused on renters eaming less than 60 percent of the AMI. This ptogram encourages investment that helps finance construction and rehabilitation of housing for lower income renters. Mean —the average of a group of numbers, which is the sum of all the data values divided by tlie number of items. Median — the middle point in a data set. Section 8 Renf Subsidy- the 5ection 8 Nousing Assistance Paymenf program is offered through the U.S. Department of Housing and Urban Development (HUD). This program pays the difference beiween 30 percent of monthly household income and the Fair Ma�Cet Rent (FMR) estabiished by HUD for Eagle C�unty. There are iwo types of Section 8 essistance: 1) project based where vouchers are attached to specific properties, or 2) vouchers — households using Section 8 assistance find market rate housing where the landlord is wiliing to parficipate in the program. Substandard Housing — a unit that lacks complete kitchen and /or plumbing facilities. RRC ASSOCIATES, INC.; REES CONSULTING, INC. 5 FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 Levets of Homeownership— When discussing affordability of properties by Area Median Income (AMI) levei (defined above) and the types of homes households among different AMI groups are seeking, reference is made to a couple different stages of homeowne�ship. This indudes: • 1. Enfrylevel ownership/firsf-fime homebuyers: These are households typically eaming in the lower to middle income range. In Eagle County, these are households eaming 50 to 100 percent of the AMI. These include households that currently rent (or otherwise do not own a home) and are looking to purchase their first home. 2. Move-up buyers: These are households eaming in the middle to upper income range (about 100 to 120 percent AMI or higher) that may currently own a home and are looking to purchase a new or different home for a variety of reasons (relocating, growing family (e.g.; having children), shrinking family (e.g., empty-neste�s), etc.). Catch-Up Housing— Housing needed to catch-up to current defiaent housing conditions. In this report, catch-up housing needs are defined by current resident households repo�ing housing problems (overcrowded, cost-burdened andlor living in substandard housing conditions), current renters and awners looking to purchase a home and in-commuters that would like to move to the city. Catch-up housing is generally addressed through local city development ini6atives, non-profits and housing groups and publidprivate partnerships. Keep-Up Housing — Housing units needed to keep-up with future demand for housing. In this report, keep- up housing needs focuses on new housing units needed as a result of job growth in the city and new empioyees fiiling those jobs,. Keep-up housing is often addressed by the existing free-market, as weil as regulatory requirements or incentives to produce housing that is needed and priced below the current market. RRC ASSOCIATES, INC.; REES CONSULl'ING, INC. � 6 FINA� - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 QVERVIEVIt OF THE EAG�E COUNTY NEEDS ASSESSMENT Eagle County has long recognized that there is a growing disconnect between fhe market driven cost of housing and what local employees and residents can afford to pay for housing. The purpose of the study is to provide Eagle County with baseline information about current and future housing needs and the available supply of housing to address these needs. The Eagle County Housing Department commissioned this study to address the county as a whole. However, the depar[ment made a special effort to obtain sufficienf data for each individual town to furfher assess their specific circumstances. While regional solutions are encouraged, it is also expected that the towns will continue to address �ssues of affordable housing. The analysis contained in this report does not specifically address fhe towns within Eagle County but such analysis could be undertaken at a lafer date based on the survey data that fias been collected. This overview highlights the primary gaps identified in the Eagle County housing market as compared to local resident and employee incomes, trends leading fo orstemming from these gaps and primary households affected. The foilowing discussion identifies a series of key findings that address housing needs as measured through surveys and othe� sources of Eagie Couniy specific data. Needs Quanf�ed Approximately 12,500 additional primary resident housing units are needed to provide existing employers with an adequafe work force and to sustain growth for the ne� five years. This would include a mix of ownership and rental housing choices at various price poinfs. This estimate is a measurement of fhe need for primary residences (i.e. homes for local residents as distinguished from second home owners) at all price ranges that are now or wiil be needed in the next five years, not just affordable wor{cforce housing. This estimation does not acmunt for what the free market will provide. To the extent the free market provides housing, the primary resident housing units needed will reduce accardingly. The needs assessment quantifies primary resident housing needs in terms of °cafch up° and °keep up° needs. Cafch up needs represent current deficiencies in housing related to falling behind with housing needs in the past. Keep up needs will be generated in the future by new jobs and residents not yet in the county. . Catch-Up Needs, based on current deficienaes in housing, are as follows: • 1,420 additional housing units are needed to attract employees to fill the over 4,000 jobs that are now vacant. • Empioyees who commute in from homes in neighboring counties for jobs in Eagle County and would like to move io be closer to work generafe demand for 2,469 additional housing units. e Appro�amately 557 housing units are needed to address overc�owding of homes in Eagle County. As of April, roughfy 1,050 residential units were listed for sale in Eagle County. These free-market units naROw the current catch-up gap to approximately 3,400 units, a number which is ciose to previous estimates for workforce housing recently derived by the Eagle County Housing Department and the Urban Land Institute. Keep-Up Needs, defined as the number of units needed to keep up with future demand for housing based on projected employment and popula6on growth and the requirement to replace retiring employees, include: RRC ASSOCIATES, INC.; REES CONSULTING, ING. 7 FINAL - EAG�E COUNTY HOUSING NEEDS ASSESSMENT 2007 4,776 additional units to accommodate growth in the labor force through in-migration to sustain business expansion and start ups, and • 3,284 units for employees are needed to fill positions that will be vacated by retiring workers. Gap Ana/ysis There is a significant gap beiween the current demand for uniis (c�tch-up) and the number of homes available as of April, 2007. The difference of 3,398 units between current demand for 4,446 uriits and 1,048 current listings represents the magnitude of the gap between what residents and in-commuting employees want for housing and what the iree market is providing. The difference for each AMI category represenis the net demand between what residents and in-commuters can afFord and the free market price of units. The gap is largest in the 81 to 120 percent AMI range ($53,850 -$73,000 for a 3-person household). Since federal and state housing programs only serve households with incomes equal to or less than 80 percent AMI (Low Income Housing Tax Credits and several grant programs have even lower income eligibility standards) addressing the gap in the 81 to 120 percent AMI range wili require pa�tnering with private developers and other local solutions that do not rely on funding from outside of Eagie County. Proporfaonately, the free market best serves households with incomes greater than 140 percent AMI; units available as of April could potentially meet appro�umately 64 percent of cafch-up demand in the upper income category. 'fhese figures are dynamic; additional units will be placed on the market during 2007 that will siightly lower fhe gap. With 97 percent of the current listings affordable only for households with incomes greater than 140 percent AMI, the change should not significantly impact planning for solutions to address catch-up demand. � Net Demand for Housing Gap (diff. Maximum between Affordable % CuRent # Current listings Purchase Eis6ngs %.Current Listings # Current and AMI Range Price (MLS) Demand MLS Demand demand) 50% AMI or less $124,796 0.2% 5.4% 2 242 -240 60%AMI $148,123 0.0% 7.4% 0 327 -327 80% AMI $180,238 0.0% 8.6% 0 384 -384 100%AMI $241,432 0.4% 15.4% 4 683 -679 120% AMI $288,086 0.4%a 15.2% 4 678 -674 140% AMI $334,741 1 J% 12.3% 18 545 -527 Over 140°/o AMI Over $334,741 97.3°l0 35.7% Total - 10D% 100.0% RRC ASSOCIATES, INC.; REES CONSU�TING, INC. $ FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 Demographic, Economic and MarketCondifions Some key demographic and economic trends in Eagle County are highlighted below. • The Department of Loca) Affairs projects thaf Eagle County's population will increase by 27 percent between 2007 (52,236) and 2015 (66,113), adding an estimated 13,887 residents. • The average household size is 2.74 indicafing there are currently 18,924 households in Eagle County (69.6 percent own and 30.4 percent rent). _ • Results from the Household survey indicate that � cost-a��ae�ea Ho�senoias, zoo� 28 percent of households (about 5,299 househoids) are cost burdened, meaning tney Under 20 %�����`~�'�� =' a5.� °� are paying 30 percent or more of their income for � '�` ""' `""��' • m m s �. .;>;a ;�7- �. '. 30.1 % rent or mortgage (exduding utilities and HOA). m W 20-30% ,;,;;,;,,,, ;,, �.:;,. •.•,,. 3.9°� This is an increase of 8 percent since the 1999 � 0 30-35qo `�,�8 D�, Housing Needs Assessment. s � .. . ._ .,=.: ana. r.�n..... • Household survey resuits also indicate that 9.8 � w ao-so ro ", s s% I percent of households in Eagle County live in �- overcrowded conditions (defined by having m�re Over 50% �`p 5.,9�13 s� ........� than 1.5 residents per bedroom). This equates o� zo�� ao� so � fo about 1,855 households in 2007. Residents Percent of Households who are nof willing to tolerate living in overcrowded condifions, particularly as they grow oider, often leave theirjobs and the community. � The median sale price of market-priced homes in Eagie County increased by 60 percent beiween .' 20D0 ($325,000 median) and 2006 ($519,300). The median household income during this same time period increased by about 28 percent. ssoo,000 $SOO,ODO 5400,000 ssoo,000 $200,000 $'100,�00 $0 Change in Median Sales Prices and Median Household Incomes Median sales price (atl iaits) 60% increase �19 3� 25,OOD Median hoisehold incoma 28% increase SBO,OOD 562.662 200D 2006 Year . . _..._ .. . ... . .... . _.... .. • The percent of residential sales priced below $300,000 decreased significantly from about 46 percent in 2003 to 18 percent in 2006. RRC ASSOCIATES, INC.; REES CONSULTWG, INC. 9 FINAL — EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 • Overali, it is estimated thai rents increased about 21 percent since 2000, outpaang local renter incomes (about a 15 percent increase based on 2007 survey resultsj. Based on vacancy rental information collected by the Eagle County Housing DePartment, vacancy rates have decteased since the 2000 census, with current vacancy rates being near zero. • May 2007 County Assessor data indicates that about 51 percent of unifs in Eagle Counfy are owned by local residents. O Eagle County Resident B Out of Area Resident TOTAL ManufacturedlNbbile Single Family Tov✓nhom elDup�e�Jfriplez Condo 0% 20 % 40% 60 % 80 % 100°6 Pe�cenl of Ownership Un'its As of the 2000 Census, about 69 percent of all housing units in Eagle County were occupied by residents, with 31 percent reported as vacant, primarily because of seasonal/recreationai use. The Department of Local Affairs estimates that the occupancy rate in 2006 was about 64 percent, indicating a dedine of nearly 8% in the proportion of units that actually serve as housing with the relative number of vacation homes on the rise. • Concem for housing issues is widely identified by employe►s. Employer survey results indicai2 that 40 percent of employers lost at least one employee over the last two years due to a lack of housing. Addifionally, tumover within the past few of years due to a lack of housing equals about 6.1 percent of currently available positions. Overall, 81 percent of empioyers feel that the availability of workforce housing is °one of the more serious probiems° or "the most critical problem in the count�. "Do yuu feel that the availability of woridorce housing is:" 3�� � °� 15% 28% �_ b p � ��'J. « ?;•�•�,s{u •_�„�,:����.:�t;z"i`tt:�:::qri;�il�li;�li� .,�:.4;�: .I.�;��[yu- I�t,� j�l��li; i:t;ii ��;���iililli4 : {-!'l�`L.j',ijli i.�i���iilll�.l.i . 53% 0 Not a problem ■ One oF the region's lesser prablems � A moderate probiem ❑ One of the more serious pro6lems �The most critical problem in the • In total, about 30 percent of responding employers indicated they currently provide some sort of housing assistance to their employees including down payment assistance, interest free loans, home search assistance and rent assistance. • Jobs are expected to grow about 25 percent between 2007 and 2015, adding about 10,300 jobs and needing about 8,600 employees to fill these positions. RRC ASSOCIATES, INC.; REES CONSULTING, INC. 1 O FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 Eagle County currently has a low ratio of households to jobs (0.45 households per job in 2007). This indicates that Eagie Couniy must rely on fiousing being availabie in other communities to meet the needs of the county's workforce. As estimated by DOLA, about 18.3 percent of Eagle County's workforce commufes inio the wunty for work. Housing Preferences Locafion: Edwards is the number one choice among both homeowners and renters of where to live in Eagle County. Locations up and down valley are desired; there is nof a�strong preference for living in up- valley communities. Differences beiween renters who want to continue to rent and residents who want fo buy suggest fhat rental units should be developed up-valley while homeownership housing should be concentrated more in mid- and down-valley communifies. Residents tend to live in the community where they most want to reside; however, in some communities (Avon, DotserolGypsum and Eagle-Vail), the majority of residents surveyed would rafher live elsewhere. When looking for a place to live, cost of housing followed by type of housing are the most imporfant considerafions. Communify character (family oriented, neighborhoods, etc) is next, ouiweighing proximity to employment for many. The cost of housing, availability of transportation and proximity to employment are more important to renters than to owners while homeowners place higher value on communify character and housing type. Aboui half (47 percent) of the potentiai home buyers sunreyed would pay more for a home that is located in fheir first choice community — an average of nearly $195,000 for homeowners interesting in buying a different home and roughly $88,000 for renfers who want to move into ownership. Rental Housing: While most of the renters living in Eagle Counfy (65 percent) would like to buy a hom�, the top choice for unit fype among the 35 percent of renters who would like to confinue to rent are townhomes and duplexes. Renfers, however, appear to be willing to compromise if they can not live in the type of unit thatthey most prefer. � Approximately 44 percent of the renter households who want fo continue renting have incomes equal to or less than 60 percent AMI, which suggests that Low Income Housing Tax Credits could be used again in Eagle County to address a portion of the need for rental housing. The majorify (56 percent), however, have incomes higher fhan the maximum aliowed for tax credits, which means that altemative financing sources will aiso be needed. Homeownership: Rent�rs who want to move into ownership, owners who want to buy a new or different home and in-commufers who want to move into Eagle County all generate demand for housing units. To "find a larger home° to live in was the single reason most frequently cited for wanting to buy. Nearly three-fourths indicafed that a single-family house is their first choice with most wanting three or four bedrooms. Unit type preferences vary according to where potential buyers most want to live. Residents who want to buy in or near Vail have relatively higher preferences for condominiums while preferences for single family homes are higher in down valley communities. RRC ASSOCIATES, INC.; REES CONSULTING, iNC. 11 FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 Nome Prices: Potential home buyers indicated they were interested in purchasing homes in a wide range of prices, with a concentrafion (55 percent) in the $150,000 to $400,000 range. The incomes of residents wh� want to buy also indicate that a wide range of pricing is needed. This indicates there are opportunities for mixed-income housing developments serving low through middie income residents with prices between about $150,000 and $400,000. Renters who want to move into ownership have signi6cantly lower incomes than owners who want to buy a new or different home. The pricing of units developed for sale would vary depending upon policies established. If moving renters into homeownership is given priority over moving owners up into larger homes, prices will need to be much lower. While some renters who want to buy have little if any funds saved for a down payment, over half (52.3 percent) responded that they have between $10,000 and $50,000 available. Deed Resfriciions: Deed restrictions that would limit appreciation in value to a maximum rate of 3.5 percent per year on homes priced below market appear to be acceptable to approximately 39 percent of the county's residents who are interested in buying a home. The acceptability of deed restrictions varies between owners and rentets. Neariy 63 percent af rer�ters who wouid like to move into ownership would consider purchasing a deed-restricted residence compared wifh only 19 percent of residents who already own a home and are interested in buying a different home. About half of the potential homebuyers who indicafed that deed restrictions would be acceptable if priced lower than market indicated the price should be $50,000 lower. This suggests that there is a somewhat widely held perception that deed restrictions with appreciation caps reduce the price of homes by $50,000. Amenities: From a long list with numerous features identified, both owners and renters in Eagle County rate in-unit washers and dryers as their most important amenity. Two of the top four amenities — sunlight and energy efficiency, are fied to Eagle County's mountain climate. Eagie County's residents also highly vafue having private outdoor space and pets. Senior Housing: Upon retirement, more seniors will coniinue to live in Eagie County (44 percent overali) than will move out of the region (27 percent). Seniors were asked to indicate if they would utilize various fypes of senior housing and housing-related services. Seniors who are undecided or have a moderate to high likelihood are outnumbered by those who indicated they would not use any of the options offered for consideration. RRC ASSOCIATES, INC.; REES CONSULTING, INC. 12 FINAL - EAGLE COUNIY HOU5ING NEEDS ASSESSMENT 2007 SECTION 1- CURRENT HOUSEHOLD TRENDS AND CHARACTERIS7ICS This section provides an ovenriew of current househoid demographics and characteristics as determined by the 2007 Nousehold Survey. If presents current estimates and projecfions of the population and number of households in Eagle County from the year 2000 through 2015. It also provides a profile of current Eagle County househoids and residents, indicates potenfial changes in the demographics since the 2000 Census and serves as a basis for other sec6ons of the report and analysis. CounfyPopulafion andHouseho/ds According to fhe US Census Bureau, Eagle County's population in 2000 was 41,659. The Department of Local Affairs projects that the population in Eagle County will increase by about 34 percent between 2005 and 2015, or just under 3 percent per year on average. It is estimafed that 52,236 residents reside in Eagie County in 2007, increasing to 57,881 by 2010 and 66,113 by 2D15. Qf the communities within Eagle County, Avon's population is projected to increase by the largest percentage between 2005 and 2015 (39.6 percent), followed by Gypsuin (38.4 percenf), Basalt (36.3 percent) and Vaii (35.5 percent). Eagle Couniy Population: 2000 to 2015 % Change 200D 2005 2Q07 20'10 2015 (20U5•2015) EAGLE COUNTY 41,659 49,375 52,236 57,861 66,113 33.9% .• AVO� 5,561 6,753 7,451 . 8,256 9,430 39.6% Basalt 1,952 2,247 2,420 2,681 3,062 36.3% Eaqle 3 032 4 387 4 247 4,705 5,375 22.5% Gypsum 3 654 5,125 5,602 6,208 7,091 38.4% Mintum 1,068 1,138 1,184 1,312 1,499 . 31.7% Red Ciiff 289 � 312 327 363 414 32.8% Vail 4,531 4,785 5,124 5,678 6,486 35.5% Unincorporated 21,572 24,628 25,929 28,732 32,818 33.3% Source: 200D U5 Census; Deparfment of Looai AfFairs; RRC Associates Housing Unif Esfimefes Beiween 1990 and 2D00, housing units in Eagle Gounty increased about 452 percent. The Department of �ocai Affairs (DOIA) estimates fhat the number of total housing units will increase by 33 percent between 2000 and 2010, which is a slower rate of growth than the previous time period. DOIA estimates there are 29,774 housing units in 2007, increasing to 33,023 in 2010 and 37,719 by 2015. Eagle Couniy Change in Housing Units: 1990 to 2015 � °lo Change % Change 1990 2000 2D05 2007 2010 2015 (1990-2000i (200U-2010) Eagle County,_ 15 226 22,911 28,169 29,774 33,023 37,719 452% 33.0% Source: Depariment of local Afiairs; RRC Associates, inc. RRC ASSOCIATES, INC.; REES CONSULTING, INC. 13 FINAL - EAG�E COUNTY HOUSING NEEDS ASSESSMENT 2007 Household Esfimafes According to DOLA, the average household size in 2005 was 2.74. Assuming the household size remains constant, Eagle County will add approximately 16,738 persons, 9,544 housing units and about 6,067 households� to the county beiween 20D5 and 2015. It is important to note that the percentage of units occupied by Eagle County residents has beeh decreasing according to Department of Local Affairs estimates, from about 69 percent in 2000 (based on the Census) to 63.6 percent in 2005. This indicates that the percent of out-of-area owners increased slightly between 2000 and 2D05. Eagle County Population, Households and Housing Units: 2000 to 2015 2000 2005 2007 2010 2015 Population 41,659 49,375 52,236 57,8B1 66,113 Population in households (Census} 49,306 49,023 51,853 57,456 65,628 Household size (Census, DOLA) 2.73 2.74 2.74 2.74 2.74 Housinq units 22,111 28,140 29,774 32,992 37,684 Percent occupied (Census, DOLA) 68.5% 63.6% 63.6% 63.6% 63.6% Department of Local Affairs; Colorado Demography SecGon; 2000 US Census; RRC Associates, Inc. HouseF►old Demographics The 2000 US Census provides the primary baseline from which household demographics in Eagle County can best be understood. This survey is based on a 100 percent sampie of households so is generally the best available data on househoid characteristics in an area. However, this information is also seven years old. The below section identifies household demographics as determined from a current Household Survey administered by RRC Associates, Inc., in March of 2007. This data has beeri weighted on key demographic variables based on the 2000 Census to ensure responses are representative of the population as a whole. Other pubiicly available data is also used in this section to supplement the survey data. The below demographic rela6onships are used in other sections of this report, as needed. Tenure As of 2007 there are an estimated 18,924 households in Eagle County. DOIA estimates for region 12 show that about 69.6 percent own (12,074 households) and 30.4 pement rent their homes (6,850 households). This represents a slightiy higher owner occupancy than reported in the 2000 Census (63.7 percenf owner households). Households by Tenure: 2007 Total Totai # DOLA % Total households: 18,924 100% Own 13,171 69.6% Rent 5,753 30.4% Source: 2007 Household survey; RRC Associates, Inc. � Househoids were estimated by assuming (1) 99 percent of residents reside in households (DOLA, 2005�, (2)1he average household s¢e wiil remain consistent with that reported by DOLA in 2005 (2.74) and (3) residents wili occupy about 63.6 per�ent of housing units, as reported by DOLA 20D5 estimates. . RRC ASSOCIATES, INC.; REES CONSU�TING, iNC. 14 FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 Household Type About 27 percent of households in Eagie County ate comprised of coupies with no children, inciuding 33 percent of owners and 18 percent of renters. Another 27 percent of households in Eagle County are coupies with children, including 35 percent of owner households and 14 percent of renter househoids. Of other types of households, about 23 percent are aduits living alone,10 percent are unrelated roommates, 8 percent are single parents with children at home, 3 percent have family members and unrelated roommates and 2 percent have immediate and extended family members. Households by Type: Eagle Couniy, 20D7 Totai % Own % Rent % Couple, no child(ren) 27 33 18 Couple with child(ren) 27 35 14 Aduit livinq alone 23 19 29 Unrelated roommates 10 3 20 Sinqie parent with child(ren) 8 5 13 Family members and unrelated roommates 3 2 4 Immediate and exterided family members 2 2 1 Other 1 1 0 Total 100% 100°l0 100% 5ource: 2D07 Househoid Survey; RRC Associales, Inc. Households wifh Chiidren As shown above, abouf 35 percent of households have children, including about 40 percent of owner households and 27 percenf of renter households. Persons residing in EaglelBrush Creek (48 percent), DotserolGypsum (43 percent) and Avon (40 percent) are more likely to have children in their household than fhose residing in other areas of the County. Households with pe�sons under 18 have an average of about 1.94 kids, with an average of 1.75 children per household residing in owner household and 2.32 children per household in renter households. Change in Households Over Next 5 Years Survey respondents were asked how their household is likely to change over the next 5 yea�s. As shown below, about 50 percent of households do not expect their household to change. This includes 53 percent of owners and 43 perceni of renters. Of households that will change: Owner households are likely to have children leaving their home (16 percent), will have childrenlmore children (13 percent) or will move out of Eagle County (11 percent). ■ A re(a6vely similar percentage of renfer households stated they are most likely to have childrenlmore chiidren (12 percent) within 5 years. The highest percenfage reported they will move out of Eagie County (21 percent) foilowed by the °othe�' category (16 percent). About 8 percent of renters stated they will no longer have roommates. RRC ASSOCIATES, INC.; REES CONSULTWG, �NC. 15 FINAL - EAGLE COUNI'Y HOUSING NEEDS ASSESSMENT 2007 "Now is your household likely fo change over the next 5 years?" Eagle County Households, 2007 Household unlikely to change Wili move out of Eagie County Children will leave home Will have children(more children Other Will retire Will no longer have roommates Eiderly parent will move i� Residence Type and Size 0% 10°/a 20% 30% 40% 50% 60% Percent of Respondents Source: 2007 Household; RRC Associates, Inc. Sorted in descending order of owner households. About 42 percent of survey respondents axupy single-family homes/cabins, induding 54 percent of owners and 21 percent of renters. Another 37 percent of respondents occupy condos/townhomes/dupVexes,13 percent occupy apartments and 5 percent oax�py mobile homes. °dther' types of homes listed (3 percent), included lock-off, ranch, rental cabin and triplex. Occupied Residence Type by Tenure: Eagle County Households, 200� Type of Residence Total % Own % Rent % Single-family homelcabin 42 54 21 Condoltownhouse/duplex 37 39 33 Apartment 13 1 34 Mobile home 5 ' 4 5 Other(lock-off,ranch etc) 3 1 6 Tofai 100% 100% 100% 5ource: 2d07 Household; RRC Associates, inc. Residences on average have about 2.9 bedrooms — 3.2 in owner households and 2.3 in renter househoids. Renter households are likely to have 2-or-fewer bedrooms (58 percent), with about 42 percent of owner households having 3-bedrooms. RRC ASSOCIATES, INC.; REES CONSULTING, INC. �6 FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 20D7 Number of Bedrooms by Tenure: Eagle County Households, 20D7 None 1 z 3 4 5 D°h 5% '10% � 15� 20� 25h 30°h 35% 40k 45h Percentof Respondents Source: 2007 Household; RRC Associates, Inc. Lengfh of Residency ' About 94.9 percent of survey respondents indicated they reside in Eagle County year-round. This varied slightly by tenure, with 94 percent of owners residing in the area year-round compared to 97 percent of renters.z . Yearly Residency in the County: 2007 3 to 6 months pe� yea� 1.6 % Less ttian 3 mo�ths per 7 M �� months peryear ' year 3.1Y 0.4 % i C�., • ' ' .' i �iliill �i Ij.iil� i 7 ��?.� . . I� �����li '�i i���I �Ii�� ��i�; �j��li�� �4. i� j;a.:r.i , , �'!ii �'!�.i.�..;�:!tli�ifll����i .liia. ��t 4�r;_..:L i All year -12 months 94.9% 5ource: 2007 Househoid Survey; RRC Associates, Inc. Survey respondents were asked how long they have lived in Eagle County. About 60 percent have lived in Eagle County for 10 or more years, including about 69 percent of owners and 44 percent of renters. , 2 it is important to note that the househoid survey was mailed to primary residents of Eagie County oniy and intentionally did not get • mailed to second homeowners. RRC ASSOCIATES, INC.; REES CONSULTWG, INC. 17 FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 Length of Time in Eagle County, 2007 Total Tenure Households °/a Own % Renf % Less than 6 months 0 0 1 6 months to 1 year 5 2 12 � 1 up to 2 years 5 3 9 2 up to 3 years 6 3 11 3 up to 5 years g 7 g 5 up to 10 years 15 16 14 10 years or more 60 69 44 Total 1 DD% 100°l0 100% Source: 2007 Nousehold 5urvey; RRC Associates, Inc. Household tncome Survey results indicate about a 27.6 percent increase in median household incomes beiween 1999 and 2007. The median household ineome reported on the surveys is about $80,000. The median income of owner households is about 64 percent higher ($90,000) than renter households ($55,018). Median Household Income by Tenure: Eagle County,1999 and 2007 1999 (census) 2007 (survey) °/a change All Households $62,682 $80,000 27.6% Owner $73,138 . $9D,Q00 23.1°l0 Renter $47,743 $55,018 15.2% Source: 2000 Census; 2007 Household Survey; RRC Associates, Inc. Household incomes are highest in Edwards ($125,832 average), Vail ($119,893 average) and Bums/McCoylBondJWolcott ($117,716 average). . Average and Median Household Income by Eagie County Region Average Median EAGLE COUNTY $100,804 $80,000 Edwards $125,832 $100,000 Vail � $119,893 $75,000 Bums/McCoylBondNVolcott $117,716 $96,098 Basait/El Jebel/Fryinq Pan $104,746 $75,565 Eagle-Vaii $98,254 $90,000 Avon $94,039 $65,000 EaglelBrush Creek $90,377 $80,00� DotseroiGypsum $85,109 $70,141 Other $72,475 $41,728 Mintum/Red Ciiff $66,176 $50,000 Soutce: 20D7 Household Survey; RRC Associates, Inc. Income distributions show that about 33.8 percent of renter househoids eam less than $40,000 per year, compared tQ only about 10.9 percent of owner househoids. In general, a higher percentage of owner households eam over $80,000 per year than renter households, with significant differences seen in the RRCASSOCIATES, INC.; REES CONSULTING, INC. �$ FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 $100,000 to $199,999 ranges. About 47 percent of owner households eam over $100,000 per year compared to about 24 percent of renter households. Annual Nousehold Income: Eagle County, 2007 Less than $20,000 $2D,000 - $29,999 $30,000 - $39,999 $40,000 - $49,999 $50,000 - $59,999 $60,ODD - $79,999 $80,000 - $99,999 $100,000 - $149,999 $150,OOD - $199,999 $20D,000 or more Nousing Cosfs 0% 5% 10°/ 15% 20% 25% � 30 % Percent of Respondents Source: 2007 Household Survey; RRC Associates, Inc. Median rents increased about 21 percent beiween 1999 ($952 Census) and 2007 ($1,1.50 Household survey). Median mo�tgage payments decreased an estimated -5.15 percent beiween 1999 ($1,791) and 2006 ($1,700). Median Housing Costs by Tenure: Eagle Counfy,1999 to 2007 2DOD 2007 % change (census) (survey) (2000 fo 2007) Mortqaqe $1,791 $1,70D -5.1% Rent (contract) $952 $1,150 20.8% Sour�e: 2000 Census; 2D07 Household Survey; RRC Asso�iafes, Inc. Nouseho/dArea Median income (AMI) Tfie following table shows 2007 income limits for households eaming 3D percent AMI, 50.percent AMI, 60 percent AMI, 80 percent AMI,100 percenf AMI,120 percent AMI and 150 percent AMI. Limifs are based on the median family income for Eagle County, which is $81,100 in 20D7, as determined by the US Department of Housing and Urban Development (HUD). "Low-Income" families, as defined by HUD, have incames that do not exceed 80 percent of the AMi. "Very Low-Income" families are defined as having incomes that do not exceed 50 percent of the AMI. RRC ASSOCIATES, INC.; REES CONSULTING, iNC. 19 FINAL - EAG�E COUNTY HOUSING NEEDS ASSESSMENT 2007 Typically, these income guidelines are used to estabiish housing fargets and thresholds for locai housing efforts, as well as for Private Activity Bond allocations, !�w-income Housing Tax Credits, Section 8 Rent Subsidy and related housing programs. The income limits are adjusted annually. Area Median Income Limits By Household Size, 2007 Shading denofes median family income. 1-person 2-persons 3-persons 4persons 5-persons 50°/a AMI $28,400 $32,450 $36,500 $40,550 $43,800 60% AMI $34,080 $38,940 � $43,800 $48,660 $52,560 80% AMI $41,900 $47,900 $53,850 $59,850 $64,650 100%AMI $56,800 $64,900 $73,000 '`;'i��;.$81;10Q;;�"';"; $87,600 120% AMI $68,160 $77,880 $87,600 $97,320 . $105,120 140°/a AMI $79,520 $90,860 $102,200 $113,540 $122,640 Source: Deparfmeni of Housing and Urban Developmeni; RRC Associates, Inc. Special tabulations of the 2000 US Census data (CHAS) were used to determine the number and pe�centage of Eagle County househoids within each AMI category shown above. For purposes of this analysis, it was assumed that the percentage distribution of households in 2007 across all AMI categories remained the same as that in 2000. The percentages in the ta61e below were used to weight the 2007 survey data results to ensure representation of the population as a whole. As shown in the following table, about 28.3 percent of Eagie County's households eam less than 80 percent AMI (5,355 households), 28.8 percent eam between 80 and 120 percent AMI (5,440 households) and 43 percent eam over 120 percent AMI (8,129 households). This varies by tenure, where renters are more likely than owners to eam less than 8D percent AMI (45 percent of renters; 21 percent of owners). Income Distribution Of Eagle County Households By Tenure: 2007 Estimates Renters Owners Total • # % # % # % 50%AMIorLess 1,471 25.56% 1,383 10.50% 2,854 15.08% 50.1 -80%AMI 1,141 19.83% 1,360 10.33% 2,501 13.22% 80.1-120%AMI 1,677 29.15% 3,763 28.57% 5,440 28.75% 120.1-140%AMI 484 8.41% 1,312 9.96% 1,796 9.49% Over 140% AMI 978 17.05%a 5,352 40.64% 6,333 33.47% TOTAL 5,753 100.00% 13,171 100.00% 18,924 100.00% Sou�e: Department of Local Affairs; Colorado Demography Section; CHAS; RRC Associates, Inc. The area median income (100 percent AM) indicates that about 50 percent of the households should make below the median, and 50 percent should make above the median. The distribution of households above and below the median, however, varies by area. As show in the chart below, Eagle County's distribu6on of households by AMI varies from Colorado's as a whole, with a larger percent of households making beiween 80 and 120 percent AMI (28.7 vs. 22.3 percent) and households making over 120 percent AMI (43 vs. 38.6 percent) than in Colorad� as a whole. RRC ASSOCIATES, INC.; REES GONSULTING, INC. 20 FINAL - EAGL.E COUNTY HOUSING NEEDS ASSESSMENT 2007 Eagie Couniy Colorado Z000 Household AMI Distribution: Eagte Couniy and Colorado �<=30% F'a130-50% p 5D-80°/n � 80-140% � Ove(' 140% j i'.I:� �� ,�;,i.�i'';ni':;.(. `�33.5%0 :;" � i ' � ,, �;; `�' ,:I:< � � '��'�� i � �� . � �. �. .� ':u 0% 10% 2D% 3D% 40% 50% 60% 70% 80% 90% 10D% Source: Deparfment of Housing and Urban Development; RRC Associates, Inc.; CHAS Housing Affordability The following table calculafes the maximum affordabie purchase price for an average 3-person household in Eagle County and the ma�cimum affordable rent by AMI range for Eagle County households. Purchase prices assume $10,000 down, 6 percent 30-year fixed-rate loan, 20 percent of the monthly payment is used for insurance, taxes, PMI and NOA and no more than 30 percenf of gross housetiold income is used toward housing payments. Affordable rentals assume no more than 30 percent.of gross household income is paid foward rent. 4 The largest percentage of renter households (45.4 percent) eam 80 percent or less of the AMi. These households can afford up to $1,346 a month for rent for a 3-person household (e.g. woutd need a iwo- to three-bedroom unit). Renter households eaming between 80 and 100 percent AMI (16.7 percent) can afford up to $1,825 a month for rent and renter households beiween 100 and 120 percent AMI (12.5 percent) can afford to pay up to $2,109. m A larger percent of owners (49 percenf) make between 80 and 140 percent AMI. The maximum affordable purchase price for these househoids is $241,432 (100 percent AMI) and $334,741 (140 � percent AMI). The largest percentage of owner households in Eagle Counfy (�2.1 percent) make over 140 percent of the AMI. These househoids can afford fo purchase units over $109,500. Ma�cimum Affordable Purchase Price and Rent by AMI; Eagie County 2007 Maximum Maximum % Renier Affordable °!o Owner Affordable AMI Range Max incame* Households. Rent`* Households Purchase Price*** 80% AMI o1' Less $53,850 45.4 $1,346 24.3 $180,238 80.1-120%AMI $87,600 29.2 $2,190 28.6 ' $286,086 120.1-140% AMI $109,500 8.4 $2,738 9.4 $334,741 Over 140% AMI Over $109,500 17.0 Over $2,738 32.1 $334,741 or more Tofal - 100% - 100% - `Calculated for a 3-person househoid. "Assumes no more than 3D percent of household income is used for rent. "*`Assumes $10,OD0 down; 6%36-year ioan; appro�mately 20% of monthly payment for insurance, taxes, PMI, H�A. RRC ASSOCIATES, INC.; REES CONSULTING, iNC. 21 FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 At the lowest income levels, homelessness and the threat of homelessness are important issues. Additionally, speaal populations who are unable to work (E.g., seniors and fhe disabled) may require assistance at the lower income levels. Affordability problems, especially for renters,. may also be present among the working poor. As shown, about 15 percent of households in Eagle County eam less than 50 percent of the AMI. As incomes near the median, households are often looking to buy their first home. In Eagle County, homebuyer programs are targeted at 80 to 140 percent of the AMI (about 38 percent of households eam within this range). Policies at this level are typically designed io help bring homeownership within reach; including down payment assistance, first-time homebuyer loans and deed-restricted housing. Finally, at the highest levels, upperincome groups fuel the market for step-up and high-end housing. About 34 percent of Eagle County households earn over 140 percent AMI. 80.120% AMI Mau Income 567,600 Max Rent $2,190 Max Purchase Price 5288,086 80% AMI 50-80 % AMI Max (ncome $53,850 Max Rent S'f.346 � Max Purchase Price $180,236 �" 50°% AMt . _.. <=50% AMI Max Income $36,500 Max Rent 5913 M� Purchase Price 51?A,796 '120.140°h AMI Max Income $109,500 Max Rent §2,738 �2D,� �� Max Purchase Price §334,741 z�' y r.�� 140°h AMI Eagle County Households Over 140% AMI Ma�c income Over $109,500 Nfatt Rent Over $2,738 Purchase Price Over $334,�41 `Dollar amounts represent the HUD AMI defined for an average s¢ed 3-person family househoid in Eagle County. "Assumes no more than 3D percent of househoid income is used for �ent "`Assumes $10,OD0 dovm; 6°k 30-year loan; approximately 20% of monthly payment for insurance, taxes, PMI, HOA. RRC ASSOGIATES, INC.; REES CONSUL7ING, INC. 22 FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 SECTION 2- HOUSEHOLD AND EMPLOYER PROBLEMS This section addresses househoid and empl�yer problems. Households with housing problems are ident�ed by either being cost-burdened by their housing payment (paying 30 percent oc more of their househoid income.for rent or mortgage), living in overcrowded conditions (more than 1.5 persons per bedroom) or living in unsatisfactory conditions (poor home condition) as reported on fhe 2007 househoid survey. A sign�cant purpose of the 2007 Employer Survey was to urtderstand employer problems and perceptions related to hiring and refaining employees, anticipated changes in employment and empioyee housing issues. Employer problems include unfilled posi8ons, and issues relafed to transp�rtation, daycare and cosf of living. � Nouseho/ds wif6 "Housing Problems" Overali, about 37 percent of households report housing problems (7,002 households), including 27 percent of owners (3,556 households) and 55 percent of renters (3,164 households). As shown in the following chart, the percentage of households in each AMI category with "housing problems° generaliy decreases as the income of the household increases. Eagle County Households wifh "Housing Probiems" 30 % or less AMI 30.7%-50% AMI 50.� - 80 % AMI 80.1%-120% AMI Over12o% AMI Cosf-Surdened 700.0% 0% � ZO% 40% 60°h 8D% 100% Petcent of Households Source: 20D7 Househoid 5urvey About 28 percent of households reported being °cosf-burdened° by their housing payment, meaning they are paying 30 percent or more of their househoid income for rent or mortgage (excluding u6lities and HOA). Cost burdened households include 25 percent of owners (3,293 households) and 32 percent of renters (1,841 househoids). In comparison, surveys conducted by RRC Associates for Eagle County in 1990 and 1999 indicated fhat 16 percent of households in 1990 were cost burdened and 20 percent of households in 1999 were cost RRC AS50CIATES, INC.; REES CONSULTING, INC. 23 FIhtAL - FAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 burdened. The percent of cost burdened households is estimated to have increased by about 8 percent since the 1999 survey was conducted3. Cost burden varies by inwme level, where about 76 percent of households eaming under 50 percent of the AMI were cost-burdened, and oniy 14 percent of households eaming over 80 percent AMI were cost burdened. Lower income households typically pay for their housing first, often foregoing food, dothing, utilities and needed medication when cost-burdened. Many of the higher income owner households (those eaming over 180 percent AMI) may be cost-burdened by choice, where higher incomes are generally (though not always) more able to afford to pay over 30 percent of their income for housing without sacrificing other needs (food, dothing, medicai, etc.). About 15 percent of owners reported having housing problems in this higher income range. Also, lower income owner households (less than 50 percent AMI) are often senior and retired households, where household income may be low compared to housing costs, but other assets can be substanfiai. Cost-Burdened Households by Tenure: Eagie County, 20D7 Under 20% m w m � r � 20-30% a c m � 0 30-35% a m m � E 35-40°� 0 � � `o � 40-50 � m u m a Over 50% Overcrowding 0% 'f 0% ZO% 30% 40 ro 50 % Percent of Househoids Source: 2007 Househoid Survey; RRC Associates, Inc. Results from the 2007 Household Survey indicate that about 9.8 percent of households in Eagle County live in overcrowded conditions (defined by having more than 1.5 residents per bedroom). This equates to about 1,855 households in 2007. Residents who are not willing to tolerate living in overcrowded conditions, particularly as they grow older, often leave theirjobs and the community. 3 U.S. Census esfimates for the per�ent of household income spent on housing in 200D indicaie 34 pe�ent of household were cost buNened. For the Census estimate, housing costs inciude monthiy mortgage or rent payments and u81i8es. �The 1990,1999 and 2007 survey compuiations include oniy rent or mortgage payments, not u6lities. Addi6onally, Census estimates reflect households that speni 30% or more of their income on housing, whereas the 1990,1999 and 2007 survey results report those households that paid over 30% of their income toward housing. These two factors expiairt, in pari, why the Census 20D0 figures show a much higher percentage of'cost-burclened° households overall. RRC ASSOCIATES, INC.; REES CONSULTING, INC. 24 FINAL - EAGLE GOUNTY NOUSING NEEDS ASSESSMENT 2007 Overcrowded Units by Tenure: Eagte Gounty, 2007 # % TOTAL 1,855 9.8% Own 356 2.7% Rent 408 7.1 % Sou�e: 2007 Househoid 5urvey; RRC Associates, inc. Poor Cond'rfion Respondents fo the 2007 Household Survey were asked to rate the condition of their home on a scale of °1- Poor" to °5-Excellent° As shown below, about 3 percent of households reporfed the condifion of their home to be °1-Poor,° or about 568 households in 2007. Less than one percent of owners (0.6 percent) and about 6.7 percent of renters felt their home condition was "1-Poor.° Condition of Home: Eagle Gounty, 2007 � - Poo� Z.a � a 7.3 % � E ��� y �., � ,�f� �..,� r fir qNt�i y� �aFi. (� ., : y� �� .. tv c � ..i��?,kt� ��. . . : 4 '1' {�,L t��%i �' � � � s ° �$�,`';� ,.x{`s7�.�;�,�£sz.���y1 �S:tz'�iJ�.�,u-� & ���<:.c!� �� 5'iz;:,:±?!•:.°il.��-.`'�''^%�:� ,. �. . 11 . ' . � . •�. -. �..� . Employer Rroblems Workforce Housing Perceptions Empioyers were asked the extent to which they feei the availability of affordable workforce housing in Eagle County is a problem. About 53 percent of respondents felt that workforce housing is °one of the more serious problems° in the county, with anofher Z8 percent indica6ng it is the °most critical° problem. About 15 percent feel it is a moderate problem,1 percent feel it is one of the lesser problems in the County and 3 percent feel it is not a problem. "Do you feel fhaf the availabilify of afforda6le workforce housing is:" r �� �� i ' � � tt i x, � F �, , ' w'i �' -� � „.�, k t � E �:. � t. � � �, �. ��i.r+- T�,§'rz� tr3' J:� v^'4 1��,."R� f.�*a��� -2'�z.��,'»,t� r. "�ti:� 5;„ �'k�' S f i SPI ,`.,JsU�^`x.r" � ,.�. ...,,..aw:..J?'��?_h_............. _, Not a probiem � One of the region's lesser probtems �A moderate problem ❑ One of the more serious problems �The mosE critical probiem in the county 5ource: 2D07 Employer Survey RRC ASSOCIATES, INC.; REES CONSULTING, WC. 25 FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 Unfilled Positions About 61 percent of responding employers indicated that they presentiy have at least one year-round full 6me unfilled position and 32 percent indicated having at least one year round part time unfilied position. Applied to the seasonal workforce, 40 percent indicate having at least one winter seasonal unfilled position (79 percent full time and 63 percent part fime). A sampie of the comments given by respondents on unfiiled positions is in the table below. Why you have unfilled positions • Beiween seasons • Can't find laborers • Cost of housing • Cost of living too high - cannot attract qualified people • Di�iculty finding qualified professionals � ° Green card, CDL licence, speak English • Hiring freeze • Just became available (7) * Just became availabie or lack of quai�ed candidates • Lack of applicants and affordable housing • Lack of applicants and people say it is too expensive to live up here • Lack of applicants due to high housing costs • Lack of applicants that have flexible hours because people have 2 jobs � Lack of applicants, lack of people willing to relocate • Lack of applicants; cannot find 6-month leases in Eagle County ° Mostly summer seasonal openings; visas expiring ° New position • No skilled labor available in this area, no afFordable housing available • Not looking to fill • Nof needed un61 summer Problems Due to Housing, Transporfafion, Day Care and Cosf of Living Respondents were asked how many employees they have lost in the last two years due to a lack of housing, transportation, day care or cost of living. About 65 percent of employers indicated they lost at least one employee over the last iwo years due to a lack of housing, transportation, daycare andlor the cost of living. This includes 37.6 percent of employers that lost af least one employee due to a lack of housing, 16.5 percent due to a lack of transportation,15.0 percent due to a lack of chiidcare and'S5.6 percenf due to the cost of living in Eagle County. ' Survey responses indicate that tumover within the past coupie of years due to a lack of housing equals about 6.1 percent of curren8y available positions. Tumover due to a lack of transportation equals about 2.2 percent of current jobs, tumover due to a lack of day care equals about 0.8 percent of current jobs and tumover of current jobs due to the cost of living in Eagle County represented about 7.7 percent of jobs. RRC ASSOGIATES, INC.; REES CONSULTING, INC. 26 FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 Employee Tumover Related to Housing, Transporta6on, Day Care and Cost of Living: Eagle County, 2QD6 Lacked l.acked �acked Cost of living Reason for leaving employment 3 housing transportation day care was foo high % of businesses that lost at least one 37.6% 16.5% 15.0% 55.6% employee (65 percenf total) # of employees that left positions within 427 157 58 544 the past two years (survey)` % of all employment�* 6.1 % 2.2% 0.8% 7.7% Source: 2007 Eagie County Employer Survey; RRC Associates, Inc. ' Because some employees may have left lheir position due to a combinaGon of housing, transpo�tation and day care issues, it is not appropriafe to sum 1he number of employment posiUons vacated due to each individual measure to amve at a total. "%of empioyees is based on ihe assumed average employment for the year as reported by all survey respondents (7,021). RRC ASSOCIATES, INC.; REES CONSULTING, INC. 27 FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 SECTION 3— EMPLOYMENT AND COMMUTING This secfion evaluates employment and commuting trends, including estimates of total jobs and projected growth in jobs, seasonality of empioyment, commuting, and selected workforce characteristics. Selected results from the 2007 Employer survey that refleci on the economic status of the community are also summarized here, inciuding expected changes (increases or decreases) in employment, currenf job vacancies and issues filiing positions (if any), and estimates of employee tenure and fumover. This information is useful for understanding the impact that locally available housing has on the local economy and employers, and gaining insight into bow fhe needs of local businesses and future employees (based on anticipated changes in employmenf} can best be met. Jo6 Estimafes and Projecfions Based on estimates from the Colorado Department of Local Affairs (DOLA) — State Demography Office, there are currentiy 41,727jobs in Eagle County in 2007. Looking to the future, it is projected there will be 46,173 jobs by 2010 and 52,043 jobs by 2015, as illustrated in the table below. Yearly Average Total Jobs; Eagle County % Change 2000 2005 2007 2010 2015 2005to 2015 � Eaqfe County Totai Jobs 34,505 39,390 41,727 46,173 52,043 32.1% �abor Force 27,244 28,018 29,353 33,001 38,173 36.2% Source: Colorado Depariment of Locai Affairs (DOLA) The Colorado Department of Labor and Employment (DOLE) estimates that the current (March 2007) unemployment rate among Eagle Couniy residents is a very low 2.6 percent, significantiy lower than the statewide unemployment rate of 3.6 percent. Employer survey results show that any unfllled jobs are primarily a result of a lack of applicants, further indicating that Eagie County is a lab�r shortage area. Employers' Anticipafed Change in Employmenf Respondents to the 2007 Employer Survey were asked whether they expect to increase or deaease employment over the next five years. Employers were also asked if they have any employees retiring during this period and how many will be refiring. ■ About 47 percent of employers expect to keep their employment leveis steady over the next five years, while 41 percent expect to increase their employment,1 percent expect to reduce their number of employees, and 6 percent are uncertain. On balance, these resuits suggest a likelihood of significant employment growth in the next five years. About 23 percent of empioyers wili have employees retire within the next two years, acxounting for about 1.6 percent of total jobs, or about 109 positions among survey respondents (648 jobs when projected to the entire emptoyment base). Refilling jobs from retirees can often be challenging in areas where the cost of housing has increased faster fhan local, wages, given that many retirees may have been established in the community before recent housing price inaeases, whereas many new employees do not have the same advantage. RRC ASSOCIATES, INC.; REES CONSULTING, INC. 2$ FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 • Refiring Employees: Eagle Counfy 20U7 Survey 2007 Toial Averaqe yearly employment 7,021 41,727 Jobs available due to retiring employees �over the next two years) � 09 648 % of jobs available due fo retirinq 1.6% 1.6% Jobs per employee 1.2 1.2 Persons needed to fill refiree jobs — 2 yrs 91 540 Source: 2007 Eagie Couniy Employer 5orvey; RRC Associates, Inc. Jobs per Employee and Emp►oyees per Household The household and employee survey asked workers how many jobs they hold during the summer and the winter and how many adults (age 18 and over) in fheir household are empioyed. These responses can be used fo translate the estimated increase in jobs in the county into households demarrded by workers needed to fill new jobs (see Section —9, Housing Needs and Gaps, for projections of future housing demand). The average number of jobs held by workers empioyed in Eagle Counfy is 1.2 (2007 househoid survey}. ■ Households in Eagle County that have at least one working adult average about 1.8 workers per househoid (20D7 Household Survey). Average Jobs Per Employee and Employees Per Household: Eagle County, 2007 Overall Jobs per employee 12 Employees per household (in households with at least one workinq adult) 1.8 Source: 20D7 Household Survey Household:Jobs Ratio In any housing needs analysis, it is important to understand the relative balance (or imbalance) of resident housing and jobs in fhe affected area. This is expressed in the below tabie as the rati� �f households to jobs, as reported by the US Census and the Department of Local Affairs (DOLA) — State Demography . Offlce. The equilibrium ratio of households to jobs can vary somewhat by area depending on local demographic and economic factors (e.g. percentage of refiree househoids, extent of m�l6pie jobholding, unemployment rate, etc.). As a point of reference, the state of Colorado as a whole had a ratio of approximately 0.66 househoids per job in 20D5 (a rough indicator of a"balanced° ralio). In communities that are largely °bedroom° communities — or net suppliers of housing to the regional workforce — this ratio will typically be higher, pofentially approaching or exceeding a value of one (1). In communities that supply jobs to much of the region's workforce, the ratio of households to jobs wiii tend to be lower. ' By comparing the ratio of households to jobs in Eagle County, if is apparent that Eagle County is a net supplier of jobs to the area, or conversely, that if depends on other communities to house a pofion of its workforce. As shown below: RRC ASSOCIATES, INC.; REES CONSl1LTING, �NC. 29 FINAL - EAGIE CCIUNTY HOUSING NEEDS ASSESSMENT 2007 Eagle County currenUy has a low ratio of households to jobs at (0.45 households per job in 2007). This indicates that Eagle County must rely on housing being available in other communities to meet the needs of its workforce. Conversely, Eagle County suppiies many jobs for woricers living in the region. ■ Beiween 1990 and 2000, the ratio of househoids to jobs declined siightly, from 0.47 to 0.44, suggesting fhat Eagle County slighUy increased its role as a net supplier of jobs (and importer of woricers) to the broader region on a propo�tionate basis. Since 2000, the housing:jobs �atio has risen very slightly to 0.45, and the ratio is projected to hold steady at 0.45 through 2015. Ratio of Households:Jobs, 2000 thru 2015 199Q 2000 2005 2007 (est) 2010 (est) 2015 (est) Households 8,354 15,148 17,885 18,924 20,970 23,952 Jobs 17,917 34,505 39,390 41,727. 46,176 52,043 Ratio of . Households:Jobs 0.47 0.44 0.45 0.45 0.45 0.45 5ource: 2000 Census; DOLA; RRC Associates, Inc. For additionai context, the figure below uses a combinafion of US Census data and estimates provided by DOLA to compare the household:jobs ratio of Eagie County to the surrounding counties �f Lake, Garfieid, Grand, Routt, Summit and Pitkin. As shown, Lake County is a net supplier of housing, with a 2005 ratio of 1.12 households per job. Garfield and Grand counties have the next highest ratios, with Pitkin and Eagle . counfies showing the lowest households:jobs ratios. 1.40 1.20 � 1.00 0 � � v 0 0.80 t m H � s 0.60 � 0 0 � 0.40 0.20 0.00 Regional Household:Jobs Ratios 1990 2000 2005 5ource: 20�0 Census; DOLA; RRC Associales RRC ASSOCIATES, INC.; REES CONSULTING, INC. 30 FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 Jobs 6ylndusfry The Quarterly Census of Employment and Wages (QCEVV) reporfs there were an average of 29,584 jobs in Eagle County in 2006; thru September, This data inciudes workers covered by unemployment insurance and, therefore, does not generally include self-empl�yed proprietors and many agricultural labo�ers. However, QCEW provides useful estimates of the types of industries that suppfy jobs in a region. In 2006, accommodation and food services supplied the largest percentage of jobs in Eagle County (23.8 percent), foliowed by consiruction (13.8 percent), arfs and ente�tainment (12.4 percent) and ihe retaii trade (10.2 percent). Share of Eagle County QCEW Jobs By Industry: 2006 ihru September Accommodation & food svcs ConsWction Arts, Ent, Rec Retail Trade Finance, lnsurance, real estate, rental & leasing Nealth care & social assistance Administrative & waste svcs Prof & Tech services Govemment Educational svcs Olher svcs Trans & Warehousing Information Manufacturing Wholesale trade Mgt of companies & enterprises UtiliGes Ag, ForesUy, Fishing, Hunting Wages .":.�1.;.1 �fi,:.=.t`�+x^.t ::;;�rsa��:"''�S':"�'.`,"�`,-<�:r'�'�`r�' x * _" 3',:.=z;'r>m. Z .S°Io ,'�.5'.�•�..�:�"v.Se-"t��'�w"� .8% M �i���i�� �u���.ui £s� �"� 12.4 /o aZv.n.z..4vn.. y.., �r.ln'''4j ���:,.,.,?..;��.=:�.,<�i�_.: . 1 D.2°/a k.t�U."�..�, �".'.`+�...�4;i:i %.% o , . �;�..� �� 5.4% :!t.:.s;l?i.xi-v .7% - .r_�;�-,s:^, .4% �`.�r."v-:..= 0% . . :ti=;�sd1 3. % '�.'�.H.E 3. % — - 1.8% � '�.4% :-��; 1.3% .:� 1.1% a 0.6% , 0.5% 0.2% 0% 5% 10% 15% 20% 25% 30% % of Jobs in Eagle County Source: 5ource: Quariedy Census of Employment and Wages (QCEIA� The QCEW also reports average wages paid by indust'ry. In 2006 (through Sepfember), the average wage eamed by Eagle County workers was $36,306, a 21.3 percent increase from $31,583 in 2001. Change in Average Yearly Wage: Eagle County, 2001 ta 200fr 2001 2002 2003 2004 2005 . 2006(thru % change September�) 07-06 Average annual pay $31,583 $32,102 $33,345 $34,433 $36,427 $36,306 21.3% 5our�e: Quaflerfy Census of Empioyment and Wages (QCEVJ) 4 The 2DD6 average yearly wage is esGmated from the average weekiy wage reported by the Quarterly Census of Employment and Wages for the first, second and ihitti quarier of 2006. RRC ASSOCIATES, INC.; REES CONSULTING, iNC. 31 FINAL - EAGLE COUNTY HOUSINC� NEEDS ASSESSMENT 2007 The highest average wages are eamed in management of companies and enterprises ($146;7$2), followed by professionai and technical services ($56,199) and healthcare and social assistance ($53,361), which together comprise about 10 percent of empioyment in the Counfy. The five lowest paying industries, accommodation and food services ($24,427}, agriculture, forestry, fishing and hun6ng ($27,800j, administrative and waste services ($27,863), retail trade ($31,509) and fransportaiion and warehousing ($32,350) provide 40.7 percent of the employment in the county. s�so,000 $14D,000 $120,000 $100,OOG $80,000 $60,D00 $40,000 $20,000 $0 Average Wage by Industry: 2006 c� � 5 5 ti z m � o A 0 ey 5 c°- .� �ey ��o� ti.o a�,• �u �� �m eo ��� y�c ;�o c a z �e 'v �c � � a�a a . . . a ��� �a c�. �c �o y�,c� � ��� �� aca �5� �� �� �o� �� Q<` .co`� <<oa ao �� �e�R J�` ar � o°a O°����a�� �e`����`a m��y�ay���'���yG�a� ��\� ^�a�� �c�� �°J� o��y� sec . 0� aca� 0��'� a�a� 5°G` oa� tierc o°a~`� aca ��r e�ac �c5r�c oaa`\o� e �c� \ �i�,�cP���a``�c ��a �a �a~�o� cp�QmQ` o�y~�. � a co c'`� �a� r �5� �° yQ� � '�` G�� � 0 G� ��0m a���`o��yy ,`�o ��i0 J`�JC2. Q- P� c P Q �� ca ca`c5a�`D ��c�,� Q.� m �cv� ��c Source: Quarteriy Census of Employment and Wages (QCE41�; Sorted in descending ortier of average wage paid in Eagle County. Sorted in descending order of % of Eagie County Workforce. Seasunality of Employment The following graph compares employment by month from 2001 through the third quarter of 2006. As shown in the graph, there is a seasonal fluctuation of empioyment by monih in Eagle County. The winter months (December through March) have historically been the peak employment months in Eagle Gounty, while the lowest employment levels occur in May and October of each year. in the past five years, empioyment during the peak winter season has been an average of 19 percent higher fhan employment during the May/October °trough° monfhs, with the difference primarily attributable to seasonal jobs. �� ?S% 20°.6 15°.5 10% 5% 0% RRC ASSOCIATES, INC.; REES CONSULTING, INC. 32 FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 Monthly Employment, 2001 ihrough September 2006 aa,00a az,000 ao,oao ,.._._., _,�, � ..x_ E 28,000 --�_Z006 0 E . � -e-2005 W ��20D4 - 26,000 F�•�tt�-2003 �-2ao2 za,000 tzoo� zz,000 20,000 / ,,,,,�-----K, � Montb Source: Bureau of Labor Statistics, Quarteriy Census of Empioyment and Wages (QCEV� Based on the difPerence between winter and shoulder season employment, there were an estimated 4,863 winter seasonal jobs for Eagie County in 2005. Using this estimation methodology, the number of.seasonal jobs has heid relatively steady over the 2003 — 2005 period at 4,800 — 4,900 seasorial jobs, down somewhat from almost 5,20D seasonal jobs in 20D2. Eagle County Esfimated Winter Seasonal Empioyment: 2005 Estimated Average Year- Average Winter Winter Round Jobs Jobs Seasonal Year (May and Oct) (Dec. through Mar.) Jobs 2005 26,359 31,221 4,853 20D4 24,964 29,830 4,866 2003 24,235 29,049 4,814 2002 24,713 29,891 5,178 2001 25,570 30,491 4,922 Source: Colorado Department of Labor and Empioyment (QCEVt�; RRC Assosiates, Inc. The 2007 Eagle County Employer survey asked employers to provide their total year round, winter seasonal and summer seasonal employment. In totai, during the winter months, about 28 percent of all employees are considered seasonal workers. A slightly lower percentage of employees during the summer are seasonal workers (22 percent). While there is a larger percentage of seasonal employees in winter than summer, the total share of businesses reporting seasonal employment is actually higher in summer (44 percent) fhan winter (33 percent). RRC ASSOCIATES, INC.; REES CONSULTING, �NC. • 33 FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 20p7 Employer surveys further asked employers to es6mafe the percentage of seasonal employees which retum to work for them from past seasons. Empfoyers reporied that an average of 42 percenf of winter seasonal employees and 46 percent of summer seasonal employees refum fo work for them from previous seasons, meaning that the majority of seasonal employees must`be newly recruited each year. Commufing Patterns The 2007 household and employer surveys conducted as part of this research also asked where Eagle County residents work and where personsemployed in Eagle Coun,ty live. This information is useful in understanding employee and resident commuting and distribution pattems. Where Workers Live Survey results indicate that about 12 percent of respondents working in Eagle County are in-commuters. This estimate, however, is low due in pa�t to the low response rate of construction industries. The Department of Locai Affairs (DOLA) estimates Uiat the percent of in-commu6ng workers is about 18.3 � percent, which is up slightiy from the 2000 Census,17 percent. The US Census provides longitudinal employer-household dynamics, which,estimate labor sheds from county to county for 2004. This data, however, does not appear to be accurate, indicating that only 36 percent of Eagle County's wor�force actually lives in the County. The household:jobs ratio discussed previously, coupled with additional data, indicates that the percent of in-commuting employees has inaeased siightly, since 2000. For these. _ reasons, DOU�'s estimate of 18.3 percent will be usedT _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ .. - Deleted: (DB- I DONT UNDERSTAND HOW 18.3%WAS �ERIVED. RATID MI6HT Where Eagle County Workers Live: 2007 Survey Results Su��tt�n.�v si� Z000 P� sucEPrr Piace of Residence % WCREASE IN HH:JOBS RATIO, OR HELD ROUGHLY STEADY.) Eaqle 18.8% Avon 17.0% EdwardslHomesteadlSingle Tree 16.5°/a Gypsum 15.7% Vail 10.1 % Eagle-Vail 7.2% Lake County/Leadville 4.3% Garfield County 4.0% Mintum/Redcl'rff 2.6% Other - outside of Eagle County � 1.8% Summit Couniy 1.2% Rural Areas 0.6% Beaver CreeklArrowhead 0.4% Total Workers 100% Source: 2D07 Employer Survey Where Residenfs Work Based on 20D7 Household survey results, about 88 percent of employed persons residing within Eagle County also work within the county. Resident rente�s and owners are about equally likely to work within the County (86 percent of rente�s, 88 percent of owners). Other areas of employment include �arfield County (1.7 percent), Summit County (0.5 percent), Lake County (02 percent), and other areas (9.7 percent, including Pitkin County). RRC ASSOCIATES, INC.; REES CONSULTING, INC, 84 FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 Survey results show a slightly higher percenfage of Eagle Gounty residents being employed within the county than in 2000 per the US Census (88 percent versus 85 percent, respectively). Where Eagle County Residents Work: 2007 • 2007 Househo/d Suroey / # Vail 20.6% 5,833 Avon 14.3% � 4,049 Edwards 13.6% 3,851 Eaqle 12.0% 3,398 Other - Outside of Eaqle Counfy 9.7% 2,747 Beaver Creek 9.0% 2,549 �YPsum 6.1% 1,727 Other Eaqle Counfy 3.9% 1,104 Garfieid County 1.7% 481 Summit County 0.5% 142 ' Lake County ��2% 57 Total Employed Residents 100.0% 28,317 Source: Colorado Departrnent of Local Affairs (DOLA), 2007 Househoid Survey; RRC Associates, Inc. Methods of Commuting As shown below, the vast majoriiy of local resident workers in the counfy typically drive their own car to work (85 percent). Primary Mode of Travel to Work: Eagie County, 2007 . Live in Eagle County % Car (one person) 85.3 Carpool/vanpo�l 4.5 Bus 3.9 Walk 2.7 Other 1.9 Bicycle 0.9 Telecommute 0.9 Total 100% Sour�e: 20D7 Househoid surveys; RRC Associates, Inc. Regarding commute assistance from Eagle County employers, about 57 percent of resp�ndents to the 2007 Employer Sunrey stated that they provide at least one type of commute option to employees. Of those employers providing commute options, 42.1 percent have on-site company vehicles for employee errands, 31.6 percent offer bus passes, 27.6 percent offer travei stipends, 22.4 percent have carpooling or van pooling services, 21.1 percent offer "other" services,11.8 percent support telecommuting, and 3.9 percent operate a bus or shuttle business. RRC A550CIATES, WC.; REES CONSULTING, iNC. 35 _ FINAL - EAGLE COUNTY HOU5ING NEEDS ASSESSMENT 2007 "EMPLOYERS: Do you provide emptoyees with any of the foUowing work commute options?" On-site company vehiGe „;-la.r�'��.�s� �• Por employee errands �� f��s +�����i. `��� -- ���&:. ' 42 � . Bus passes/coupons v m � Travei sdpend (i.e., Vavei � time compensaUon, etc.) a m 0 —° Car pooling/van poofing c O m � E Other 0 V Telecommuting 8us/shutlle service (operated by your business) Tenure of Employmenf 0% 5% 10% 15% 20% 259'0 30% 35% 40% 45% % of Respondents Source: 20D7 Employer Survey Household sunrey respondents were asked how long they have been empioyed in Eagle County. As shown below, a large majority of respondents have woriced in Eagle County for more than 10 years (59.9 percent). "How long have you worked in Eagle County," 2007 Live in Eagle County % Less than 6 months 1�.6 6 monihs up to 1 year 4.6 1 up to 2 years 5.4 2 up to 3 years 7.0 3 up to 5 years 8.2 5 up to 10 years 16.5 . 10 years or more 59.9 Totai 100% Source: 2D07 Household Sunreys; RRC Assosiates, Inc. RRC ASSOCIATES, WC.; REES CONSULTING, wc. 36 FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 Housing Assrsfance Employer Housing Assisfance - Current About 30 percent of empioyers indicated they currenUy provide some sort of housing assisfance to employees. In totai, survey respondents assist about 436 employees. The types of assistance provided by employers include down payment assistance, interest free loans, home search assisfance and renf assistance. Employer Housing Assistance — Future Employers were asked whefher they would be willing to assist their empioyees with housing through a variety of inethods. As shown in the following chart, about 27 percent of employers would support master leasing rental unifs, 21 percent would support security deposits, 20 percent would support purchasing existing housing,18 percent would support down payment loans, and 17 percent would support rent subsidies. "In the fuiure, woufd you be willing to assist your employees with housing through one or more of the following methods?" 90% 80% 70% 60% 50% 4D% 30% 20% 10% 0% Maste� Security Purchasing Dovm Renl Buildng Buildng Mortgage Morlgage Leasing Deposils e�dsling payment Subsidies housing on housing oR g�arantees subsides Rental Un'AS housing loanslgrenls � sife si(e Source: 2007 Employer Survey RRC ASSOCIATES, INC.; REES CONSU�TING, INC. 37 FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 Respondents were also asked if they would support a regional, countywide approach to produce affordable employee housing through a variety of programs. As shown in the chart below, abouf 64 pe�cent of employers would support incentives for housing, 52 percent would support deed resfric6ons, 48 percent would support development requirements, 43 percent would support the adminisfration of the Housing Department and 27 percent would support feesltaxes for housing. "Do you support a regional, couniywide approach to produce affordab(e employee housing through any of the following?" �oi so � 50% 40 % 30% 20% 10h Oh Incentives for Deed restricfions Oevelopmenl Administration oF ihe Feesltaxes for housing . Requirements Housing Authority housing SourGe: 20D7 Employer 5urvey RRG ASSOCIATES, INC.; REES CONSULTING, WC. 3$ FINAL - FAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 SECTION 4— HOUSING INVENTORY !t is important to understand fhe physical characferistics and ownership of units in Eagle County. This section analyzes data from the County Assessor (May 2007) property records to evaluate current ownership housing inventory. Type of Unifs Based on the County Assessor property records, about 45 percent of units in Eagie County are condominiums and 40 percent are singie-family. Another 9 percent are townhomes, dupiexes or triplexes and 6 percenf are classified as manufactured and mobile homes. Residential Unifs by Type; Eagle County 2007 Townhome/ Duplex/ Triplex 9% tYi—y' , " �i= �„. � ;,�..� ry� CAo�ndo ]Fa�.� L "14'Y� �'6:� VJIO 1, �.... � ��i`'i try+�Ji4� v.:y.5.*,�. ° Z�,�,��� d' I,t � �i ��(���[�,.�;. . ���, : �^ Singie Family 40% Manufactured! Mobile 6% Sour�e: Eagle County Assessor Data (May 2007); Excludes Apartments Construction since 2000 shows a slightly different mix of units by type then currently exists in the community. In particular, about 56 percenf of units constructed since 2000 were single-family homes; whereas only about 40 percent of unifs in the County are single-family homes. Condominiums, townhomes and manufactured/m�bile homes represent a lower percentage of units constructed since 2000 compared to the existing mix in the region. This has implications for affordability since multi-family homes are generaliy more affordable. Housing Uniis Constructed Between 2000 and May 2007: Eagie County Townhome/ Dupiex! Tripiex Condo �5% 2$% ..., yr„ �"t�' ����'x �t � a�'�u�� 1 a"w�, � i �L'i�1���1.,� i�i��Eii�ill;���ii(;J;;ii�;I � Manufactured! Mobile �i% Single Family 56% 5ource: Eagie Couniy Assessor Data (May 200� RRC ASSOCIATES, INC.; REES CONSULTING, wc. 3g FINAL - EAGLE COUNTY HOU5ING NEEDS ASSESSMENT 2007 Condifion of Housing Stock Respondents to the 2007 Nousehold Survey were asked to rate the condifion of their home, the adequacy of heating, its' exterior appearance and yardAot size on a scale of "1-Poor to °5-Excellent" As shown below, about 4.8 percent of households reported the wndition of their home to be "1-Poor.° The vast majority of owners feif their homes were in good or exceilent condition (73 percent rated 4 or 5-"excellenY). About 70.9 percent rated the adequacy of heating 4 or 5-"excellent° and 76.5 rated the exterior appearance a 4 or 5- °excellenf°. The lowest rating was the yardAot size (54.4 percent rated 4 or 5= excellent°). Condiiion of Owned Home: Eagle County, 2007 • 80.0% 70.0% so.o w � � 50.0% 0 a � 40.0% m 30.0% n so.a w '10.0% O.U% Age of Units CondHion of Adequary ot E#erior YaM/lot size home heating Appeerance . Source: 2007 Household Survey; RRC Associates, Inc. "Rated on a scale of'1-poor' to °5-exceilenP 42 4.1 4.0 3.9 c 3.8 � a 3.7 � < 3.6 3.5 3.4 3,3 The age of units can be a factor in the suitabi(ity of housing for residents. As demonstrated in the table below, the majority of structures (69.4 percent) in Eagle County were built beiween 1980 and the present, with 16.3 percent constructed since 2000. About 25.5 percent of e�as6ng units were built prior to 1980 (over 27 years ago}. Year Structures Built in Eagle County TOTAL Year Buiit Units* Tofal % Before 1970 2,258 8.3 1970 to 1979 4,652 17.2 1980 to 1989 6,425 23.7 1990 to 1999 7,964 29.4 2000 or later 4,426 16.3 Unknown 1,378 5.1 Total 27,103 100% Source: Eagle County Assessor Data (May 20D� 'Residentiai propefies only, exciudes apartments. RRC ASSOCIATES, INC.; REES CONSULTING, INC. ' 40 FINAL - EAGLE COUNTY HOU5ING NEEDS ASSESSMENT 2007 Ownership of Unifs The percent of Eagle County uniis owned by persons with a local Eagie�County address increased slighfly between 20D1 and 2007, from 50.5 percent to 51.2 percent. During the same time period, owners from other areas of Colorado increased from 5.3 percent to 5.6 percent, wifh owners from the Colorado Front Range decreasing slightly from 12.9 percent fo 12.2 percenf. Owners from other States or Countries also decreased slightly from 31.2 percent to 31.0 percent. Ownership of Residential Units: 2001 and 2007 so r .-, so�io ao�� 30% 20 % 10� 0% Eagle Couniy CO Front Range Other CO Other State/Country • Primary Residence of Owner 5ource: Eagie County Assessor Data (2001 and 20D7� As shown on the foilowing chart, ownership of units by locals varies by type of unit. Individuals with a� Eagle County addr�ss own about 78 percent of the mobilelmanufactured homes. Over 50 percent of single- family.homes and townhomes are aiso owned by Eagle County Residents. Condominiums have fhe lowest local ownership rate of 36 percent. RRC ASSOCIATES, INC.; REES CONSULTING, iNC. 41 FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 Type of Property by Owner Residency Status: Eagle Couniy 2007 TOTA� Manufactured/Mobile Single Family T ownhome/Dupiex/Triplex Condo O Eagle County Resident � Out of Area Resident 0% 20% 40� 60% 80% 700% Percent of Ownership Units. Source: Eagie County Assessor Dafa (May 200� Evaluated another way, about 48 percent of units owned by Eagle County residents are single-family residences, 32 percent are condominiums,11 percent are townhome, duplexes or tripiexes, and 9 percent are mobile/manufactured homes. A higher percentage of out-of-area househoids own condominiums (59 percent) and a lower percentage own single-family homes (31 percent), townhomes, duplexes or triplexes (7 percent) or manufactured/mobile homes (3 percent) than resident owners. Ownership Residency by 7ype of Property: Eagle County 2007 Eagle County Out-of-Area owners % owners °/o Singie-family 48.0 31.4 Condo 31.7 58.5 Townhome/Duplex(friplex 10.9 7.2 Manufactured/Mobile 9.4 2.8 TOTAL 100% 100% TOTAL # 13,857 13,188 Sour�e: Eagle County Assessor Data (May 2D0� To determine the total square footage of improved�residentiai properties owned by Eagie County residents and out-of-area owners, the Eagle County assessor database was used (last updated in May, 200�. All residenfial parcels identified as single family, condominium and townhome improved properties were identified. The total finished square footage of all property types were summed for local residents and out- of-area owners. All mobile homes were assumed to be occupied by Eagle County residents. Addi6onally, large apartment rental properties were identified. Square footages were estimated ftom a combination of assessor data and informafion gathered on room sizes. AI( units in major apartment properiies were assumed to be occupied by Eagle County residents, since most have occupancy restrictions. RRC ASSOCIATES, INC.; REES CONSU�TWG, INC. 42 FINAL - EAGLE COUN7Y NOUSING NEEDS ASSESSMENT 2007 it is important to note t�at the total square foot of improved residential units does not include all units; not ali properties in the assessor database had square footage information. The sample is su�ciently large, however, for fhe percentages to well represent all tinits. Eagle Couniy Improved Residential Square Foofage Breakdown Local (Sgft) 2nd Nome (5qft} Totaf (Sq Ft) Condo 4,707,221 9;514,714 14,221,935 Mobile Home 1,851,890 0 1,851,890 Sinqle Family 18,014,477 14,431,487 32,445,964 Town Home 3,176,895 2,699,349 5,876,244 Larqe Apartment Properties# 1,063,362 0 1,063,362 Total 28,813,845 26,645,550 55,459,395 Total % � 52.0% 48.0% 100% *Includes esUmatesforLake Creek Uilage, Middle Creek, River Run, River Edge, Sopris Vew, Tames, Eagle Ullas, Golden Eagle, Kayak Crossing, Buffalo Ridge, Eagle Bend, Holiy Cross �Ilage RRC ASSOCIATES, INC.; REES CONSULTING, �NC. 43 FINA� - EAGLE GOUNTY HOUSING NEEDS ASSESSMENT 2007 RRG ASSOCIATES, INC:; REES CONSULTING, INC. 44 FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 20D7 RRC ASSOCIATES, INC.; REES CONSU�TING, wc. 45 FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 Occupancy The relationship beiween primary homes and vacation homes is shifting with propo�ionately fewer units occupied by residents of Eagle County. This has implications on fhe demand and availability of workforce housing. Homes that are not occupied but rather function as vacation accommodations generafe demand for workforce housing through fheir upkeep and maintenance. If the mix changes beiween homes occupied by the workforce and units that generate demand for housing, it is an indica6on fhat the imbalance is increasing and availability of housing for employees will become even more limited. As of the 2000 Census, about 69 percent of all housing units in Eagle County were occupied by residents, with 31 percent reported as vacant, primarily because of seasonaVrecreational use. The Department of Locai Affairs esfimates that the occupancy rate in 2006 was about 64 percent, indicating a dedine of nearly 8% in the proportion of units that actually serve as housing with the relative number of vacation homes on the rise. While the shift has not been as great wifhin rural, unincorporated areas of the county, the trend is in the same direction, which does not bode weil for the future availability of workforce housing: Occupancy Trends % OccupiedlPrimary Homes 20D0 2006 Change _ Eagle County Total � 68.5% 63.7% -7.5 % Unincorporated Eagle Counry 69.0% 66.5% -3.8% Sourses; 2000 Census; Departrnent of local Affairs Since Eagle County is contemplating a revision to their Local Resident Housing 6uidelines that would base requirements on square footage rather than the number of units, availabie informa6on has been examined to calculate the percentage of actua{ space measured in square feet occupied by locais. While ownership of units does not teli us whether the unit is occupied or vacant, it can serve as a proxy to generate a rough estimate of the minimum percentage of occupied residential square footage. It can be assumed that Eagle County residents occupy all units in major apartment properties, since most have occupancy resfrictions. Additionally, it can be assumed that residents ocxupy all mobile homes since they are rarely used for vacation homes. Where the difficulty lies is determining occupancy of individuai properties. Some of these units are investment properties and are rented out long-term to locals. The table below assumes that all properties with out-of-county owners are vacation homes, and all that locally-owned properties are occupied. Making this assumption underestimates the percentage of occupied residential square footage in the county, but provides a minimum estimafe., To determine the total square footage of improved residen6al propefies owned by Eagle County residents and out-of-area owners, the Eagie County assessor database was used (last upd'ated in May, 2007). The total finished square footage of all property types were summed for local residents and out-of-area owners. It is important fo note that the total square foot of improved residential units does notindude all units; nat all prope�ties.in the assessor database had square footage information. The sample is sufficiently large, however, for the perrentages to well represent all units. As shown in the table below, at least 52 percent of fhe total residential square footage in Eagle County is within homes occupied as primary residences. RRC ASSOCIATES, INC.; REES CONSULTING, INC. 46 FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 Ea�le Counfy Improved Residential Square Foofage Bre�kdown Local (5qft) 2nd Home (Sqftj Total (Sq Fi) Condo 4,707,221 9,514,714 14,221,935 Mobile Home 1,851,890 0 1,851,890 � Single Family 18,014,4TI 14,431,487 32,445,964 Town Home 3,176,895 2,699,349 5,876,244 LargeAparfinentProperfies* 1,063,362 0 1,063,362 Total 28;813,845 26,645,550 55,459,395 TOtel % 52.D%. 48.0% 100% *inciudes esfimates for Lake Creek Ullage, Middle Creek, River Run, River Edge, Sopris Uew, Tames, Eagle Uilas, Golden Eagie, Kayak Crossing, Buffalo Ridge, Eagle Bend, Holly Cross Vllage Based on residential sales in 2007, it appears that fhe trend beiween 2000 and 2006 is continuing. Locals are buying relatively fewer units causing the relationship beiween primary and vacation homes to shift furfher. Even with deed restricted units, the 64 percent loca1:36 percent vacation home mix is not being maintained. In 2007, locals purchased 52 percenfage of ail units sold. Of these 54 were deed restricted. �acals purchased oniy 49 percent of free market units. Deed-Resfricted Housing Deed-res�icted units are scaflered throughout the County. 5ome of the larger developments are lisied below. Addifional units are integrated within other developments throughout the county. Comments from the 2007 Household Sunrey on other deed-restricted housing locations and respondents' feelings on deed- restricted housing are provided in Appendix C. Deed-Restricted Oumership Units in Eagle County TOTAL units Wildwood Townhomes South - Avon Mountain �sta Condos - Avon 20 Miller Ranch - Edwards 280 Eagie Ranch - Eaqle 152 (est.) Vail Commons - Vail 53 Red Sandstone Creek - Vail 18 Uilas at Brett Ranch - Edwards 158 Riyerwalk at Edwards 57 Source: Eagie Couniy Housing Depariment; Eagie County Assessor (200�; Town of Avon RRC ASSOCIATES, INC.; REES CONSULTING, INC. 47 FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 SECTION 5 — OWNERSHIP MARKET This section identifies trends in sales of homes by fype of unit, price and ownership. Informa6on from the Eagle County Assessor database and fhe multiple listing service (M�S), along with realtor interviews, are examined to identify sales frends over time and units cuRenUy available to buyers: Value of Owned Uniis Eagle Counfy assessor records report the total actual value of residentiai units. The value of owned units reported in this seciion represent the assessed value as reported by the Eagle County Assessors' o�ce. Two approaches for appraising residential property are the market approach and the cost approach. The market approach looks at the price the property would bring if sold in the open ma�ket. The cost approach looks at the cost of replacing the building with a similar one. °After the properfies have been appraised, the properties are analyzed to ensure adequate and equitable assessmentss". Based on these figures: • About 5.4 percent of units in Eagle County are valued under $100,000, or about 1,608 units total (less than 80 percent AMI). However, of the 1,608 units in this value range,1,560 are manufactured/mobile homes. Condominiums in this value range are sized between 210 square feet and 230 square feet with either zero or one-bedroom. • Entry-level ownership homes (80 to 120 percent AMI), between about $100,000 and $200,000, comprise about 4.1 percent of units. These inciude condominiums and some single-family residences. • Move-up housing (over 120 percent AMI) priced beiween about $200,000 and $350,OOD comprise about 11.9 percent of existing units in Eagle County. These are primarily condominiums and singie-family homes. The median square foot of singie family units in this price category is 1,092 square feet, with an average of two bedrooms. � The remaining 78.6 percent of units are valued over $350,000. 5 Eagle County Assessor, httpJ/www.eaglecouniy.us/assessodtanes.cfrn RRC A550CIATES, INC.; REES CONSU�TING, INC. 4$ t FINAL-EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 Value of Owned Units, Single-family, Condominium and ManufacturedlMobile, 2007 Under 550,0�0 55�K fo $99,999 $100K fo $149,999 S15oK to 5199,999 �G � $200K to $249,999 a m � $250K to 5299,999 O � 5300K to $349,999 m � $350K to 5399,999 ? S400K to 5499,999 $500K to $649,999 5650K to $799,999 5800K or more ;"-.;uwy=�e,_, 39°/a tt��,•a_`rF„- s,:.."``'; '�.5% 55�"m.:: 2.3% ��;� 1.8% �;r::7, 2.1 % �';°.a,,,::�::g aai s. 4.9% �>:,..�i::y?>:�? ".�.`a:.��'L:�.=�_ 4.9% �ir�_����K:�- G;��c�;�:� ��' 7.1% ;'i�.-`�"'"Cn'.'-.'•`:�`"'-�u:.t�','r..�^_ ':z��•:tf": 12. % s�:.>�:i.,-�,���"v�a-_..���;�"�x� `,!9i: ��-��;� ,h-�_: t;-"�'_ . .,,r�_,,:.�s:> �-1,_=3 �i5� ��l�i?;:� 13 °/a e=: � �-r,�r�-: e�=� �'m�=. 9 1% eti�C_.Yn :�_::'�..�:, =1..t���- ��4, "saz�.p. i�`4.;,��+'is,�,4� r,ctn.���� ..iilv`� d �` �:?' ,�.�1 ti t� .;;``�r�.�reY""j � 36.�°/n _a._-ss�^.__ , s.�r. .r__�e.L�_ ��.r=na!�.�t .�.o.��. -;f 4�. �,±�:.c�_�..__�ti. �:: D% 5% 10% 15% 20% 25% 30°/a 35% Source: Eagle County Assessor Data (May 20D�; RRC Associates, Inc. Distribution of Owned Units by Type and Value Under$50,pD� $SOK to $99,999 $100K to $149,999 $150K to $199,999 $20DK to �249,999 $250K to $299,999 $3DDK to $349,999 $350K to $399,999 $400K to $499,999 $SDOK to $649,999 $65DK to $799,999 $BOOK or more 40% D% 10% 20 % 30 % 40 % 50% 6D% 7D% 80 % 90°h 1 DD°h Source: Eagle County Assessor Data (May 200�; RRC Associates, In�. __ As indicated below, generally as the value of homes increases, the percentage of out of area ownership also increases. One excepfion is ownership of units valued between $50,000 and $99,999. About 39 percent of units in this range are owned by out-of-area owners. Taking a.closer look, 52 percent of tiie units owned by out-of-area owners in this price range (162 units) are condominiums. Of those condominiums, RRC ASSOCIATES, INC.; REES CONSULTING, INC. 49 FINAL - EAGLE COUNIY HOUSING NEEDS ASSESSMENT 20D7 103 are located at the Tames at Beaver Creek and are owned by either the Tames at Beaver Creek LLG or the Vail Corpora6on. Of units valued over $800,000, about 71 percent are owned by out of area residents. Value of bwned Units by Residency of Owner: 2007 Under $50,000 ';13.3°6: $50K to $98,999 +.,1;i�,'38.6:k;;;j;�lii�j�;�: $100K to $� 49,999 : . • . +�' 7 7.4°6 � i?` $150K to $199,999 : � � • . ;°;:1,9,6�.;i!.;; � $200KtoS249,999 "95:2%;� ..._ . . _ a � $250Kto$299,999 ;ii"�22:1%�'!<;ji. O o $300Kfo$349,999 �• �;t'.i��27.0%r;l��.!ii� m ,-�� $350Kto$399,999 i•.i ��:;;:.;;;i36.•1%i('list::t;'ti�` > $400K to $499,999 ���, �i i�;'; 38,6 ti'; �;,'i': i'' %j! j �' � $SOOK to $649.999 ' : �.; � ' 43.2%,-� . �' `. ; j'. ; iE� i � i, $650Kto $799,999 .`� ,:;' :"53J%'�''i;�!::'::!: �i;i�i� $BDOKormore `'�� .�.70.9%�": , ,;:.� i ' ���.'�`�. :; 0% 10% 20% 30% 40 h 50% 60% 70% 80% 90% 100% Source: Eagle County Assessor Data (May 20U�; RRC Associates, Inc. Residential Sa/es by Year The following tabie shows sales between 2000 and 2006, by iype of units sold. in total, about 42 percent of sales during this time period were single-family h�mes, with another 40 peicent being condominiums. On average, condo sales have been decreasing, with a high of 42.6 percent of all sales in 2001. The percent of townhome sales by year varies between 10.1 percent in 2002 and 15.5 percent in 2006. The average percent of sales for mobile/manufactured homes is 5.4 percent with a yeady individual deaease from 8.6 percent of all sales in 2000 to 4.6 percent in 2006. • Sales by Year. 2000 fo April, 2007 20D0 2001 2002 2003 2004 2005 2006 Sinple-family 42.5% 39.3% 40.8% 42.5% 42.5% 42.1% 44.3% Co�do 36.9% 42.6% 42.0% 41.5% 41.0% 41.4% 35.6% Townhome/Duple�J'friplex 12.0% 11.1% 10.1% 11.1% 12.3% 12.8% 15.5°l0 Manufactured/Mobile 8.6% 7.0% 7.2% 4.9% 4.2% 3.8% 4.6% Totaf% 10�% 100% 100% 100% 100% 100% 100% Totai Sales 2,144 1,913 2,1 RRC ASSOCIATES, INC.; REES CONSULTING, INC. 5O FINAL - EAG�E COUNTY HOUSING NEEDS ASSESSMENT 2007 Residenfial Sa/e Prices The following chart shows the general trend of increasing sales prices in Eagie County over the past 5 years. Overall: . • The percentage of sales priced below $150,000 declined from about 37 percent of sales in 2000 to 11 percent of sales in 2006. The percenf of sales above $400,000 increased from 42 percent in � 2000 to 68 percent in 2006. Residenfial Unit Sales, 2000 to Z006: Average Sales Price, Eagle County 35 � 30% 25°6 N m v� 2� � `o c � 15h m a 10% 5% 0% Under $100K $10�K $149,9! 000 �o.s� s.oi �D3 9.0% 4.6% ❑20DD �2003 020D6 $150Kto S200Kto $ZSOKto $300Kto $350Kto $40�Kto $SOOKto $650Kto $BOOKc $199,999 $249,999 $299,999 5349,999 $399,999 $499,999 $649,999 $799,999 more 8.4% 11.8% 8.1% 6.4h 6.9% 8.1% 7.3% 5.0% 21.2% 7.8% 14.8% 9.7°6 7.3 % 6.6% 6.7% 9.3% 4.9% 17.4% 20°5 3.2°h 62°% 7.3% 7.4% 14.Oh 14.3% 8.4% 312% Sales price � Source: Eagle County Assessor Data (Aprii 200�; RRC Associates, Inc. The foliowing chart shows the median sales price for all units over the last six years. Based on these figures: , � The median sale price of markef-priced homes in Eagle County (including sales of single-family homes, townhomes, condominiums, mobilelmanufactured homes and other muiti-family homes) increased by 60 percent beiween 2000 ($325,000 median) and 2006 ($519,300). This includes a 67 percent increase in condominium median sate prices, a 56 percent increase in townhomes, duplexes and triple7ces, a 48 percent increase in single-family home sale prices and a 9 percent increase in mobile/manufactured sale prices. • The median price of single-family home sales increased by 30 percent between 2005 and 2QD6. Of the sales in 2006,'30 percent were priced over $800,ODD (700 sales). The majority of these sales were located in Edwards (241 sales), the Vail area (186 sales) and Beaver Creek (148 sales). RRC ASSOCIATES, WC.; REES GONSULTING, WC. 51 FINAL - EAGLE COUNN HOUSING NEEDS ASSESSMENT 2007 Median Sale Price for Ali Units $700,000 .�i � � � t I � �, t � � t � i' � �� � � �i �f� f t� ��1 1�7�l-7 i��.ii�iF� (. 4� 3� �r{'7 ���tiEj ��� ������� � � � � � ' . E �� � � � ._ 11 jf� 1�� .i!I��jly' i? �} i I�.' l� ���� { 'I(�. $600 �00 .I ' i ii i� i i� �i� �II i � I i1 �4 i��{ i.� � H-� �L:� . �� r i r. ��i � �ii� I� �I 11� i �� a� i� i i ��j � ��i� t i�i 'i ��. �j. i' l ��I �i �iPit ui,a�.���i� �.j+ i.��F $500000 �i� � i i��� i I� E(l���i�a i I a li� t �.I ai i .4� I�M i{1� ii�� i a.� '_i m .�;� EF �i �i�3�.��i � ��iln. ��i l�1� f�0 i{3t.�.'i I� � i �r '�� �� i� �� ;. i �. + i�l I� kl� �� i I �,� �' _ :...I . ' t � '.�. i i I��- i� il ���� i t� � . 4,ii a $40� 000 .�� � . �i i I �i ! � 7 i � + ��i ii . : f � , . ..,i� I �t ! i' m i: .i � � � .�i�ii� �Irr � �� ��d t. ��I -•� � �� { I� � (t y ��. y if , ' �._.... i�. i� i.� I '�{� i�i�i � t i'�i � �. � $300000 �i s � i ,� ��,� i ni �n� �i ��� �� �� ryi `v .�. i � � i�.� � i�, i��' � 1 1� � �I�� � �� � � i �� i���i. � $20D000 it. i i i�l �� I 'I� ��.;+F'i i� F�ii Iji��� li ����dl�i I�i iI i �p�i � � � � ���ti � j i � t �I� ��E ii i. i� i- i i (� I i� i� �� -.I j t�.�� i�i � FC . ii i P���: � ��� i� i��!. �� tii .� �� 1i4 i ���`�� � � 4 I t i- i i r � �� �. -.`� �. � $100,ODD ''` � i�i i� i i� � j:�i � i {. i i� i� i i l �li l�I I� i i. . .i: I.i. �{: t ii�, fi �� �.. j , r +�i � I ' i �� � � ����t�. �;� i n. � �.�i . . .) � ..� i i t�. . { .. � ;:: I �� !.: �.:. � ._;.I��.� .� ..IS. _..�.. i.:. . ...__J.. � �� .._....��.,! ,{�ia ,'.'iti�.�.1�... �.. �i�. 20D0 2001 20D2 2003 2004 2005 2006 -P-Single Family $439,250 $430,ODD $445,OOD $439,500 $450,000 $499,000 $648,400 -�-Condo $279,000 $254,500 '$270,000 $270,000 $297,000 $355,000 $465,000 -�4-TownhomelDupiex/Triplex $295,OOD $285,OD0 $317,000 $318,750 $325,000 $360,SOD $460,000 -3E-Manufactured/Mobile $45,000 $48,200 $41,050 $3D,806 $37,000 $39,900 $49,000 �Q-Totai 5325,600 $320.OD0 $329,0�0 $327,400 $350,000 $400,000 $519,300 Sourrz: Eagle County Assessor Dala (May 200�; RRC Associates, Inc. The median sale price per square foot offers more insight on actual increases in housing prices. The median sale price per square foot of a11 residences increased by about 56 percent between 2000 and 2006. Individually, the median per square foot sale price of condos increased the most, 77.3 percent, with single- family homes increasing by 45.4 percent and townhomes increasing by 38.9 percent. Median Sales Price per Square Foot: Eagie County 2000 to September 19, 2006 . � °/a Change 2000 2001 2002 2003 2004 2005 2006 200Dto 2006 Condo $238 $224 $241 $246 $268 $327 $422 77.3% Sinole-familv $186 $185 $190 $193 $2D1 $217 $270 45.4% 94 $213 County Assessor Data (April 200'�; RRC Associates, Inc. New and Existing Sales 18.4% New unit sales are defined as housing units sold within one year of their construction. The price per square foot of sales for new consfruction varies from that of previously owned units. In 2000, the price per square foot for new units ($173 median) was 17 percent lower than for existing units ($203 median). 7his paflem continued to 2003 and to 2006 with the price per square foot of new units being lower fhan for existing units. In 2006, 61 percent of newly constructed units (301 units) were single-family residences. The majority of the new single�'amily residences are in Eagle (135 units) and �ypsum (68 units). RRC ASSOGIATES, INC.; REES CONSULTING, INC. 52 � 4 i FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 Median Price per Square Foot Sales of New and ExisEing Unifs: Eagle County 5ales in 2000, 2003 and 2006 �aoo $aso $30D 0 0 �- $250 m `m � y $200 `m a � $150 a` $1DD $50 $D 2000 2003 2D06 Year Source: Eagle County Assessor Data (April 200� An average of 74 percent of new unit sales between 2000 and 2006 were to Eagle County residents, where about 26 percent were to out of area owners. Distribution of existing �sales.is siightly more even, with 54 percent of existing sales being to new residents and 46 percent to out of area owners. New and Exisiing Sales by Residency: Eagle County 2006 Sales 2006 New Exisiing Eaqle Counry 74°/a 54% . Out of Area 26% 46% Totai' 100% 100% 5ource: Eagle County Assessor (May 200� Sa/e Prices and toca/ /ncomes As shown below, median family inwmes (as defined by the Department of Housing and llrban Developmeht for Eagle County) increased about 17.5 percent beiween 2000 and 2006, compared to a much higher 59.8 percent increase in median sales prices in Eagle County. The median price of a home in 2000 was about 477 percent higher than the median family income, and this has increased to a 649 percent difference in 2006. A household eaming $80,000 in 2006 could generally afford a home priced at about $263,8006, or 330 percent more than fhe income. As noted in a number of previous sfudies, incomes in Eagie Countyare not keeping pace with rising home prices. 6 AfFordabie purchase price for an average s¢ed 3-person household. Assumes 30-year, 6 percent loan wifh $10,000, no more fhan 30 percent of household income peid fowarti housing payments, 0.49% property tax and 0.50% home insurance. RRC ASSOCIATES, INC.; REES CONSULTING, �NC. 53 FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 Median Price of Homes vs. Median Family Income: 2001 thru 2006 Median Price Median Family Income* Median price as a% of Year of Sale (sales) (HUD - Eagle County) median income 2000 $325,000 $68,100 477% 2001 $320,000 $70,500 454% 2002 $329,000 $74,900 439% 2003 $327,400 $73,600 445% 2004 $350,000 $76,700 456% 2005 $400,000 $79,950 500% 2006 $519,300 $80,000 649% % increase (2000 to 2006} 59.8% 17.5% - Source: Eagie County Assessor recorrls; Depar6nent of Housing and Urban Development; RRC Associates, Inc. 'Median Income re8ects the 100�o area median income (AMI) for a 4person family househoid in Eagie County, or what is commoniy referred to as the median family income for an area Sales to Locals The table below shows sales to locals in Eagle County over the last year by AMI range. • Of the units sold in 2006 that are priced affordably to households eaming 80 percent or less of the AMI (below about $180,238), 72 percent were sold to local Eagle County residents. • About 30 percent of Eagle County residents are in the first-time homebuyedentry levei market housing range (80.1 to 120 percent AMI). These residents can afford to purchase a housing unit priced between about $180,239 and $241,432. There is some competition for these units, with Eagle County residents purchasing 88 percent of available units. • Of units sold in price ranges affordable to households eaming between 120 and 140 percent of the AMI (generally the move-up housing range), about 79 percent were sold to persons with a local Eagle County address. These are units priced between about $288,087 and $334,741. � Of units priced over $334,741, which is the higher-end ownership market, 50.9 percent were sold to local Eagle County residents. Sales 2006 to Locals by Affordability L' evels Max Affordable Mobile Single- % of Sales fo Purchase Price* Condo hor�e family Townhome l.ocals Less than 50°/a AMI $124,796. 0 57 16 4 69.4% � 50 to 60% AMI $148,123 10 0 5 1 76.2% 60 to 80% AMI $180,238 10 1 4 0 83.3% 80 to 100%AMI $241,432 62 2 16 14 94.9% 100 to 120% AMI $288,086 37 1 37 33 82.4% 120 to 140% AMI $334,741 66 1 46 30 78.6% dver 140% AMI Over $334,741 212 0 536 167 50.9% Total - 397 62 660 249 58.0% `Afiordable p�rchase price for an average sized 3-person household. Assumes 30-year, 6 perceni loan with $10,000, no more than 30 per�ent of household income paid toward housing paymenis, 0.49%property tax and 0.50% home insurance. RRC ASSOGIATES, INC.; REES CONSULTING, INC. rj4 FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 Muffiple Lisfing Service The multiple listing service, as of April 2007, lists 1,048 relevant units for sale in Eagle County. The median sales price across all product types is $1,195,000. The table below shows median, maximum and minimum prices across all units and by product type. MLS Listings, April 200T, Eagle County . Total Percent PropertyType Median Minimum Maximum Number of_Uniis TOTAL $1,195,000 $70,000 $21,000,000 1,048 100.0% Condominium $1,050,000 $70,000 $18,860,000 487 46.5% Sinqle-family $1,500,000 $194,999 $21,000,000 �81 36.4% Townhome/ Duplex/Triplex $894,000 � $295,000 $14,950,000 180 17.2% 5ource: Eagie County MLS ' Further tliscussion of the current MLS listings is included in the demand and gap analysis, Section 8, of fhis report. Rea/for lnterviews Ten local realtors were interviewed to better understand trends and needs in the local real estate market. Generally, the reaifors interviewed feel that second homeownership is increasing, more retirees are moving to the area and locals are having to move farfher and farther down valley to afford adequate housing. There is an undersupply valiey wide for homes seiling less than $500k. • Currently, it is estimated that about 50 percent of the purchasers are second homebuyers. Second homebuyers are starting to create competition down valley, especially in Avon and Edwards. It is estimated that about 30-40 p�rcent of second homeowners are from the Front Range. Fractibnal ownership has seen an inaease recently and more projects are underway. • The locals that are purchasing homes generaily have dual incomes and are young_ buyers looking for anything under $500k. When they have kids they move down valley to flnd more space that is affordable. v Frst-time homebuyers have the most difficulty finding housing because of the rapidly increasing housing prices and condo conversions. Urtually anyone fhat cannot get significant assistance or � cannot get a down payment wiil have a hard time buying a property. � Opinions on deed restrictions were mixed. Several of the realtors poinied out that Miller Ranch has . been a very successfui development, proving that deed restrictiorns do work. Others were proponents of the free ma�Cet, feeling that there is a need for creativity on the part of developers and govemment to make housing attainabie at opening price points. RRC ASSOCIATES, INC.; REES CONSULTING, �NC. 55 FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 Seciion 6 - RENTAL MARKET This section evaluates the curzent rental ma�ket by exploring changes in rent rates and vacancy rates since the 2000 Census. The section concludes with a discussion of comments from properry manager interviews regarding their observations of the current rental market and Uends. This section helps identify the relative health of the rental market and availability of housing choice for renters in Eagie County. Rent The average cantract rent as of the 200D Census was $952 per month.. As shown below, rents have shown a steady increase through 2007 based on periodic surveys and interviews with local rental properties and 2007 Household survey results. Overail, it is estimated that rents have inaease about 21 percent since 2000, outpacing locai renter incomes (about a 15 percent increase basetl on 2007 s�rvey results). Interviews with property managers in May 2007 indicate that average rents are about $867 per month, which is within 2 percent of the 2007 Household survey results. Average rent Source: 2000 U5 Census; Change in Average Rent: 2000 to 2007 � % chattge: 2000 2005 2007 Household 2000to �Census) (DOLA) Survey 2007 150 21% 20D7 Household survey; RRC The following table compares average rents for market rate rental properties and income-restricted units. This shows that market rate rents exceed affordable rents only for 1 and 2 bedroom units (between 15 and 23 percent higher). One explanation for the income-restricted studios having a higher average rent than the market rate studios is ihe physical location of the properties. Middle Creek Apartments in Vail, which are income-restricted units, range from $681 to $823 for a 395 square foot studio apartment. Middle Creek Apartments also has comparatively higher rents for 3-bedroom apartments. Evaluating the average rent per square foot, except for studios, all income restricted unit types have a lower average rent per square foot than the market rentals (between 3 and 26 percent). Avera e Rent b Unit T e, March 2007: Market Rate and Income Restricted Un'�ts Average Rent Average Rent per Square Foot Market Income % Market Income % Rate Restricted difference Rate Restricted , differenc Studio $595 $706 187% $1.70 $1.83 7.6% 1-b $943 $723 -23.3% $1.61 $1.20 -25.5% 2-b $1,171 $1,001 -14.5% $1.48 $1.23 -16.9% 3-b $1,335 $1,409 5.5% $1.50 $1.45 -3.3% 4-b $1,624 - - $1.76 - - 5-b $1,920 - - $1,68 - - Total units re resented 1,098 503 - 1,098 503 - Source: Apartment property manager interviews, RRC Assceiates, inc., May 2007. The distribution of rents aaoss AMI affordability was aiso analyzed based on 2007 Househoid survey responses. Affordabil'�ty levels are for a 3-person household, paying no more than 30 percent of their monthly income on rent.� Distribution of rents are for units with at least iwo bedrooms. This shows that about 31 percent of rentai units are affbrdable to a 3-person household making 50 percent AMI or less. RRC ASSOCIATES, INC.; REES GONSULTWG, INC. 56 FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 About 20.0 percent are affordable to households making between 50 and 80 percent AMI, 38 percent are affordable to households making beiween 80 and 120 percent AMI and 12 percent are affordable to households making over 120 percent AMI. AMI Distribution of Rents: Eagle County, 2007 • MaxAffordable Renf Distribution of Renfs Distribufion of Renfer AMI affordability (2007J* 2007 S�rvey % Households % 5D% orless $1,461 30.5 25.6 50-8D% $2;441 20.0 19.8 80 to 120% $4,015 37.8 29.1 Over 120% Over 2,190 11.8 25.4 Total - 10D% 100% Source: 20D7 Household and Empioyee survey, 2000 US Census; RRC Associates, Inc. 'Based on a 3-person househoid eaming within each AMI range. Vacancy Rafes Vacancy rates provide another measure of the health of the rentai market. Typically, vacancy raies around 5 percent suggest some equilibrium in the market, meaning that there is sufficient supply to provide renters with a choice of product. Vacancy rates below this threshold indicate under-supply, whereas rates above this level suggesi over-suppiy of housing. Based on vacancy rental informafion collected by fhe Eagie Counfy Hoosing Department on 1,470 to 1,587 units, the Couniy's vacancy rates vary by season, with the summer months having ihe highest number of vacancies. Overall, vacancy rates have decreased since the 2000 census, with cuRent vacancy rates being near zero. Property manager interviews, conducted in May, 2007, indicafe that fhe vacancy rate in May remains near zero. ' Vacancy Rates, 2000 to 2007: Eagle County 2000 2Q03 2003 2005 2005 200� (Census) (Summer) (Winter) (Summer) (Winter) (April) Vacancy rate 6.6% 10% 5% 4% 2% .07%. Source: Eagle County Housing Department, 2000 US Census; RRC Associates, Ino. Vacancy rates by unit fype show that in the summer of 2005, studios had the highest vacancy rate (10 percent), followed by 4-bedroom units (6 percent). During the winter months, 2-bedroom units have the highest vacancy rates, followed by 5-bedroom and 3-bedroom units (3 percent each). Vacancy Rates by Unit Type: 2005 to 2007 ApartmentT e 2005 2005 2007 (April) yP (5ummer) (Winter) % vacanf # represenied Studio 10% 1% �% 110 1-bedroom 2% 1% 0% 280 2-bedroom 2% 2% 0% 721 3-bedroom 5% 3% .07% 328 4-bedroom 6% 4% 0% 21 5-bedroom 5% 3% . 0% 10 Sou�e: Source: Eagle County Housing Deparimeni, 20D0 US Census RRC ASSOCIATES, INC.; REES CQNSULTING, INC. 57 FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 Rentai Manager interviews Additional comments on unit occupancies and demand for units were provided �irough interviews with eighf {8) marlcet-rate apartment property managers and seven (7) incom�restricted apartment prope�ies: ■ Most properties indicated that vacancy rates have been decreasing since Buffalo Ridge and Middle Creek were initially rented out. Tumover is also very low among all of ihe properties. � ■� Most properties currently have a waitlist. One incom�restricted property reported a total of 46 people on the waitlist, including 12 for a 1-bedroom, 22 people for a 2-bedroom and 22 people for a 3-bedroom unit. One market rate property reported that in January they usually have about 100 people on the waitlist. ■ All of the property, managers indicated that there is higher competition for rental unifs in the winter. The units in most demand vary by property, with 1-bedroom, 2-bedroom and 3-bedroom units being in most demand. Overcrowding is not a problem for most properties, although some have d'rfficulty with °couch surfers" in the winter months. � Income requirements for restricted units require the renter to make no more than 60 percent AMI, with one property Fequiring the renter to make no more than 50 percent AMI. For market rate units, requirements range from an income of at least 2.5 times the cost of rent to at least 3 times the cost of rent. ■ Generally, all of the property manager interviews indicated that there is an increasing level of demand for rental housing, which is not being met. Tumover is low and vacancy rates are near zero. Large construction projects in the area are being held up because of a lack of housing for their workers. RRG ASSOCIATES, INC.; REES CONSULTING, INC. 5$ FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 Secfion 7 - HOUSIN6 PREFERENCES This section of the report provides information for use in fhe planning, design and development of Affordable Housing. It considers the preferences of Eagie County's residents in terms of where they want to live, the type and size of homes they want to live in, the amount they want to pay and the ameni6es fhey want provided. Specifically, it: �. Analyzes location considerations including where residents want fo live and the importance they place on various location attributes, like proximiiy to woric; o assesses the marketability of deed resfrictions; • provides information to aid in the development of rental housing including the type of units desired and lease terms, • examines the market for homeownership housing comprised of both renters who want to 6uy and owners who are interested in purchasing a different home; provides information on the type of unit and number of bedrooms v examines ihe preferences of the county's residents regarding the amenities fhey seek in their home and neighborhood; and, • contains information specific to the design and development of housing for seniors. Locafion One of the most commoniy posed questions when contempiating how to address employee housing needs is: "Where should housing be built?" To answer this question, muitiple facfors should be faken into considerafion including where residents most want to live, where they currently live, where they work and how fhey value various location attributes. Where Wanf to Live In total, Edwards is considered the number one choice of where to live above any other town or niral area in Eagle County. This mid-county community is particulady attractive to residents who already own their ho�nes — a siz�ble percentage (23 percent) indicated it was their first choice. There is no longer a preference for living in up-valley communities. The EaglelBrush Creek erea received more first choice responses than did Vail. Rural communities fo the north of I-70 appeal to the fewest residents. � While there is some variation between owne�s and renters, their location preferences are similar with the same four communities topping the first choice list. The greatest difference is how they rate living in the Mintum/Red Cliff area; renters are more interested in living there than are homeowners. RRC ASSOCIATES, INC.; REES CONSULTING, wc. 59 FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 Where Want io Live -15� Choice 1st Choice Overatl Owners Renters Edwards 21.6 23.2 19.0 Eagle/Brush Creek 17.1 18.3 15.1 Vail 14.7 15.1 14.1 Basalt/EI Jebel/Fryinq Pan 9.3 8.1 11.3 Avon 8,4 8.8 7.9 Eagle-Vail 6.7 5.8 8.3 DotserolGypsum 6.3 6.6 5.8 Other 5.6 6.1 4.8 Burns/McCoy/Bond/Wolcott 5.4 5.8 4.6 Mintum/Red Cliff 4.9 2.3 9.1 100% 100% 100% Sour�e: 2007 Household 5urvey • There are decided differences, however, between renters who want to con6nue to rent and residents who want to buy a home (both renters who want io buy and owners who want to buy a different home): This finding suggesks that rental opportunities should be developed up vailey while homeownership housing should be concentrated more in mid- and down-valley communities. Awn BasalUEl JebeUFrying Pan BumslMcCoy/BondlWolcotl Dotsero/Gypsum Edwards Eagle/Brush CteeN Eagle-Vai' MfntumlRed Ciifl VaB Othei o.oi 1� Choice Location by Want to Buy or Rent 5.0% 10.0% 15.0� 20.0°� 25.D% Source: 2007 Household Survey Both home buyers and renters are often unable to live in the communiiy that is there first ch�ice and must make trade offs involving housing costs, commuting distances, home fype and size and other factors. Survey partiapants were therefore aiso asked to indicate their second choice for where they most want to live. A comparison of first to second choice responses does not reflect an up valley/down valley shift but rather an in increase in preferences for rurai, unincorporated locations. RRC ASSOCIATES, INC.; REES CONSULTING, INC. 6O m ( FINAL - EAGLE COUNTY HOU5ING NEEDS ASSESSMENT 2007 Edwards Eaglei8rush Creek Va8-Incorporated BasaIllEl JebeUFrying Pan Eag1�Va� GypsumlGypsum Creek Olhe� Avon MintumlRed C8Fl Beaver Creek/Arrawhead Vail�Unincorpoiatee WoicottlBeilyache Ridge BumslCalorado River Roa� Bond/McCoyMghway 131 Dotrert Where Now Live Where Want to Live,1� and 2^d Choices Compared D.0 5.0 10.0 15.0 20.0 25.0 Sour�e: 2007 Househoid Survey As shown on the following table by shading, residents tend to live in cammunities where they most want to live. This is not fhe case in ail communities, however, Less than half of Avon's residents who were surveyed consider Avon their firsf choice place to live; nearly one-third would prefer to live in Edwards. Only 40 percent now living in the Dotsero/Gypsum area prefer it; over 26 percent who wouid like to live slightly up va�ley in the Eagle area. Addifionaily, most residents of the Eagle-Vail area (45 percent) wouid rather live elsewhere (40 percent would rather live down valiey,14 percent would like to live in Vail). Vail and the Basal/EI JebellFrying Pan area in the Roaring Fork Valley are fhe iwo areas with the highest percentage of residents who are currently living in their first choice community. RRC ASSOCIATES, INC.; REES CONSU�TING, iNC. 61 FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2DD7 Where Want ta Avon Live -1� Choice Avon ;%r„���,-�° `` Basalt/EI Jebel 0.6% Bums etc 2.9% Dotsero/Gypsum D.0% Edwards 31.6% EaglelBnlsh C!k 2.9% Eaale-Vail 10.5% Where Live Compared with Where Wantto Live Where Now Live BasattlEl Burns, Dofserol JebeilFrying etc 6ypsum Pan 3.4% 2.6% 4.3% �.ar.`,�'�i6��' D.0% 1.1 % 0.0% ���� 10.6% 0.0% 2.6% �' � � _�°.o Edwards EagieJ Eagle- Minfuml Brush Vail Redcliff Crk 6.0% 2.3% 15.8% 1.9% 3.4% 1.5% 0.7% 20.5% 26.1% 6.0% 2.0% 0.0°!0 1.1% 6.4% 4.2% 2.1% 1.9% 5.0% O.D% 2.8% 3.5% 8.4% 17.9% ��3� 5.3% 0.9% 1.9% . `�",�����'`3330� 0.9% Vail 0.5% 0.5% 0.5% 0.�% 6.�% 3.6% Vail 6.4°/n 1.3°/u 2.6% 27% 6.7°/u 3.1% 13.7°/u 12.3°/n �,�6,;� Othef 0.0% 16.1% 5.1% 5.3% 4.5% 4.6% 4.2% 8.5% 1.5% 100.0% t00.0% 100.0% 100.0% 140.0% 100.0°/u 100.0% 100.0°/u 100.0°/u Sour�e: 2007 Househoid 5urvey There appears to be a slight correlation between age and location preferences. • Households with at least one member in the 18 through 25 age range are more interested in living in Vail than members of other age groups. • Households with children under the age of 18 and adults in the 26 to 45 age group are more likely to indicate Edwards as their first choice�of where to live. • The Eagle(Brush Creek area has relatively high appeal among households with children and senior households. First Choice Community to Live Age 15t Choice < 18 18 - 25 26-45 46-65 Over 65 Avon/Beaver C�C 9.8 10.3 7.8 10.9 8.0 BasalflEl JebeUFrying Pan 10.2 7.6 9.7 9.1 9.6 Bond/McCoyBumsNVolwtt 3.5 2.7 0.8 1.4 0.8 Edwards 23.7 21.2 25.5 18.6 17.6 Eagle/Brush Creek 25.9 19.0 18.0 16.5 27.2 Eagie-Vail 4.1 . 4.3 10.2 3.4 4.8 Gypsum/Dotsero 7.7 7.6 6.8 8.2 8.0 Mintum/Red Cliff 1.7 4.9 4.4 6.6 1.6 Vail 10.0 19.6 13.3 16.0 ' 15.2 Other 3.5 2.7 3.6 9.2 7.2 Totai 100.0% 100.0% 100.0% 100.0% 100.0% Source: 2007 Household Survey ' There is also a correlation beiween where employees work and where they want to live although it is not as . strong as some might expect. In the employment centers of Vail, Edwards and Eagle, approximately 40 percent of the employees who work there would like to live there (1� choice). The majority would like to live elsewhere. Less fhan 15 percent of the empioyees w�rking in the Avon and Beaver Creek area want to live � there, most would like to live down valley although some would rather commute up valley. RRC ASSOCIATES, tNC.; REES CONSU�TING, WC. 62 FINA� - FAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 Where Want fo Live by Where Work Where Work � Where Want Vail Avon Beaver Edwards Eagie Gypsum Various to Live Crk sites Avon/Beaver Crk. 8.5 ��;';h:�;0�fi ������ ����:�9'� 9.6 6.1 2.2 3.9 Basalt Areas 0.6 0,4 1.8 1.4 5.5 1.1 4.9 Bums, etc. 3.4 4.9 6 32 4.4 14 11.8 DotserofGypsum 2.3 3.4 4.8 3.2 10.5 ��ti:`;`;::,�F':�� 9.8 Edwards 19.8 36.6 29.8 �h�;�<<��-'4�n7� 13.3 5,4 26.5 Eaqle/Brush Crk 113 14 15.5 15.1 ��-�:;+3,8€��iT� 24.7 12.7 Eaqle-Vail 6 5 12.8 9.5 7.3 2.8 3.2 8.8 Mintum/Red Cliff 4.0 4.9 5.4 3.2 1.7 0 2.9 Vail [`��Ft� "�6�5`a . 7.5 7.7 9.6 9.9 4.3 10.8 ' t V:.':_4'-j-"" Other 5.1 4.9 4.8 5.5 7.7 8,6 7.8 Total 100% 100% 100% 100% 100% 100% 100% Source: 2007 Household 5urvey Locafion Aftributes Survey participants were asked to rate the importance of nine characteristics associated with locafion when selecting where they want to five. Cost of housing foilowed by the fype of housing are the most important considerations. Community character (family orienfed, neighborhoods, etc) is next, ouiweighing proximity to empioyment for many. ' Importance of Location Atfributes 1-NotAt 5- � Average All Exfremely Ratinq important 2 3 4 importani 7ofa1 Cost of Housitiq 4 3 2.7% 2.8% 12.1 % 26.2% 56.2% 100% Type of HoUSittg 4 0 3.9% 4.0% 19.6% 31.4% 41.1 % 100% CommunityCharacter 38 6.9% 5.2% 25.1% ' 31.1% 31,7% 100% Proximity to Employment 3.5 11.6% 7.4% 29.1 % 27.7% 24.1 % 100% CommunityAmenities 34 107% 8.5% 29.6% 30.5% 20.6% 100% Proximity to Services 3 2 10.7% 12.7 33.3% 30.6% 12.6% 100% Employment of Others 2.8 30.7% 8.9% 23.9% 20.3% 16.2% 100% Quality of Schools 2 6 46,7% 4.5% 12.2% 15.4% 21.2% 100% Proximity to Daycare 1.6 72.4% 7.3% 10.1 % 5.9% 4.3% 100% 5ource: 2007 Household Survey - Pror�mity to daycare received the lowest average rating, which is often the situation where relatively few , households (27 percent) have children. The quality of schools, however, rated moderately high, almost equal with pro�omity to the employment of other household members. Closer examination of ratings for proximity to daycare and qualify of schools reveais clear differences between households with and without young and schooi-age children. Households with children under the age of five gave being clase to daycare an average rating of 2.9, which is higher than other households but low relafive to the average ratings given other location attributes. RRC ASSOCIATES, WC.; REES CONSULTING, iNC. 63 FINAL - FAGLE GOUNTY HOU5ING NEEDS ASSESSMENT 2007 Ratings for Daycare and Quality of Schools by Children in the Household Averaqe Ratinq:l= not impodant, 5= very important Proximity to Daycare Children in Household Under 5 5 to 11 11 to 17 No 1.4 1.5 1.6 Yes 2.9 2.6 1.7 Quality of 5chools Children in Household Under 5 5 to 11 11 to 17 No 2.4 2.4 2.5 Yes � 4.2 4.3 3.7 Sour�e: 2007 Household Survey Quality of schools rated very high among households with elementary school age children and moderately high among househoids with children in middle and high schools. Quality of schools is much more important overail that is pro�mity to daycare. Owners and renters place similar values on location attributes. The cost of housing is even more important to renters than to owners, however. Renters rafe availability of transportation and proximity to employment somewhat higher than owners, as is often the case in high-cost mountain communities. Owners value community character and the type of housing that is available more so than renters. Location Attributes by OwnlRent COST OF HOUSING TO BUY/ RENT 7YPE OF RESIDENCE COMMUNffY CHARACTER PROXIMfTY TO MY PLACE OF EMPLOYMENT COMMUNITY AMENfIlES PROXIMITY TO SKIINGI OUTDOOR RECREA710� PROXIMffYTO SERVIGEE PROXIM(fY 70 PLACES OF EMPLOYMENT FOR OTHEF QUALITY OF SCHOOLE PROXIMITY TO BUS/ SHUIII.E SERVICE PROXIMITY TO DAYCARE 0.0 U.5 1.0 1.5 20 25 3.0 3.5 "4.D 4.5 5.0 Average Rating �ra6 �Own ❑Rem Source: 20D7 Househoid Survey RRC ASSOCIATES, INC.; REES CONSULTiNG, INC. 64 FINAL - EAGLE COUNT`( HOUSING NEEDS ASSESSMENT 2007 �enerally, residenfs place similar values on location attributes regardless of where fhey want to live. There are exceptions, however. Specifically: ■ Residents who rate proximiiy to skiing and outdoor recreation relafively high are more interested in living in Vail and ofher up-vailey communities. � Proximity to empl�yment is rated particularly high by residents who want to five in fhe Mintuml Red Ciiff area, as is proximity to buslshuttle service. � Residenis who want to live in Gypsum or potsero place a relatively lower value on proximity to services. � The quality of schools is less important to residents who want to live in Vail, Mintum or Red Cliff. ■ Residents wtio indicated that Bums, McCoy, Bond or Wolcott is their first choice of place to live, value community character less than residents who prefer otherlocations. Value of Locafion Attributes by Where Want io Live Average Rafing� 1= nof impodant 5= extremely importanf � 76� Choice Where Want to Live ' Basalf Burns, Dotserol Eagle! Minturnl Proximity to� Avon Area etc Gypsum Edwards Brush Crk Eagfe-Vail Red Ciiff . Vail My Employment 3.7 3.5 2.9 3..1 3.4 3.3 3.6 4.3 3.7 Employment of 3.1 3.3 2.6 2.9 2.6 2.8 2.8 3.6 2.6 Others Senrices 3.5 3.3 2.3 2.6 3.4 3.1 3.5 3.5 3.4 Davcare 1.4 2.0 1.2 1.7 1.7 1.8 1.5 1.6 1.4 --_ Skiingi0utdoor 3.8 3.6 2.8 2.3 3.5 2.6 3.8 3. . Recreation OEher FacEors: Qual'dy of 2.5 2.8 2.3 2.8 2.8 3.1 2.6 1.9 2.0 Schools , Community 3.3 3.6 2.5 3.1 3.4 3.5 3.4 3.8 3.6 Amenities Communiiy 3.8 3.7 3.4 3.7 3.8 3.8 3.7 4.0 3.7 Chaiacter Cost of Nousing 4.4 4A 4.4 4.5 4.3 4.4 4.4 4.7 4.3 Twe of 3.7 4.0 4.1 4.3 4.0 4.1 4.0 4.1 4.0 Source:20D7 Vatue of Preferred Locafion Potential home buyers (renters who want to buy and owners who are interesfed in b�ying a different home) are spiit regarding their wiliingness to pay more for a home that is located in their firs# choice community - 47 percent would and 53 percent would not. RRC ASSOCIATES, 1NG.; REES CONSULTING, INC. 65 FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 Witlingness to Pay More for Nome in First Choice Community Owners Reniers Totai Yes 47.5% 47.0% 47.3% NO 52.5% 53.0% 52.7% Total 100.0% 100.0% 100.0% . Source: 2007 Househokl Survey Respondents who indicated they wouid pay more were asked how much. The additional amounts they are willing to pay for homes in their first choice community are significant— averages of neariy $193,000 for homeowners interes#ed in buying a different home and roughly $87,000 for renters who want to move into ownership, Price Premium for Location Overali dwn Rent Up to $25,000 16.1 5.9 25.2 $25,000 to $50,000 37.3 31.0 43.0 . $50,000 to $100,000 25.0 29.1 21.4 $100,000 to $200,000 7.7 14.0 2.0 Over $200,000 13.8 20.0 8.4 Total 100°/a 100% 100% Average $136,582 $192,796 � $86,594 Source: 2007 Household Survey Renter Preferences Most of the renters living in Eagle County (65 percent) would like to buy a home. This finding tracks with suNey results in other high-cost mountain west communities where employees are interested in living long- term but are forced to rent long after they are suffiaently committed for homeownership. Of the renters who would like to continue to rent, abouf half would like to stay where they now live while the others would prefer to rent a new or different unit. Preferences to Rent or Own �� �� � ��£ �� `� a , a�s�� ���- ;' ^�. �-,-µ-� � ;t F x'�"�` �� ; x. t .� ra �,.�.. . . �r .� „"�� v_ t t� - ' " - " - , ; `., f .. ':' ,� i .� _ ,. �,.w s - •- - , , , Source: 20D7 Household Survey Of the 18,924 households current living in Eagle County, 30.4 percent or 5,753 households are renters (DOIA). Approximately 35 percent of these households (2,014 households) would like to continue to rent. These renters are almost evenly spiit beiween wanting to stay where they currently live and wanting to move to a new or different residence. RRC ASSOCIATES, WC.; REES CONSULTING, INC. 66 - EAGLE COUNIY HOUSING NEEDS ASSESSMENT 2007 Renter Preferences to Confinue Renfing 2007 Households 18,924 % Renter Occupied 30.4% # Renter Occupied 5,753 % Want to Con6nue Rentinq 35% # Want to Con6nue Rentinq 2,014 Sour�es: DOLA; 2007 Househoid 5urvey Renters who want to coniinue fo rent would like to do so up valley in Avon and Vail, and in the Roaring Fork poriion of Eagle County. Avon Basalt/EI JebeUFrying Pan Bums/McCoylBond! Wolcatl Dotsero/Gypsum Edward� Eagle/Brush CreeV Eagle-Vai Mintum/Redci'rf Va' Othe Where Wani to Rent 0.0% 2.0% 4.0% 6.Oh 8.0% 10.Oh 12.0% 14.0% �ti.U% �c.uro tu.u/ Source: 20�7 Household Survey The top choice for unit type among renters who would like to continue to rent are townhomes and duplexes. Singie-family detached houses received the second highest number of flrst choice responses but dropped to five out of seven when all three choices were combined. The combination.of the top three choices signals that renters are realistic and willing to compromise 'rf they,can not live in fhe type of unit thai they mosf prefer. . RRC ASSOGIATES, INC.; REES CONSULTING, INC. 67 FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 Type of Unit Desired by Renters who Want to Gonfinue Renting 1st Top 3 Choice Choices* Townhouse/duplex 32.1 71.8 Single-family detached house 24.5 68,1 Caretaker unit 14.7 62.8 Apartment 14.4 36.8 Condominium 12.3 23.8 Mobile home 2.1 11.6 Private room & bath, shared kitchen & living room 0.0 5.4 Total 100% 280% ' MulGple choice quesGon; response totais exceed 1DO�o. Sour�e: 2007 Household Survey More renters would prefer to live in apartments than condominiums although condominiums received the highest number of responses for the top three choices in combination. While caretaker units were ranked third among flrst choice responses, there is almost no interest in renting private rooms/bathroom with shared kitchens and living rooms. Renters who want to continue to rent were asked to indicate their preferences for four variabies associated with renting. Renters have a strong preference for the affordability of rents as compared to the cost of ownership. They also prefer the fle�bility that renting gives them to change their living situation but are much more interested in long-term as opposed to short-term leases. Rent-Relaied Preferences Long-term Short-term Lease Lease Aifordability Flexibility 1- Low Preference 12.1 43.9 0 8.6 2 1.8 30.0 0 207 3 10.5 11.5 2.2 11.8 4 6.7 5.3 8.4 9.6 5- High Preference 68.8 9.2 89.4 49.2 TOTAL 100% 100% 100% 100% Average 4.2 2.1 4.9 3.7 Source: 2007 Household 5urvey Approximately 44 percent of the renter households who want to continue renting have incomes equal to or less than 60 percent AMI, which suggests that Low Income Housing Tax Credits could be used in Eagle County to address a portion of the demand for rental housing. The majority of renters, however, have incomes higher than the maximum allowed for tax credits. Survey findings suggest that altemative financing sources will be needed since roughly 56 percent of new rentai units shouid have higher income restriciions. RRC ASSOCIATES, INC.; REES CONSULTING, WC. 68 FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 AMI of Renters Who Wanf to Rent AMI % HH's Want Affordable to Renf Rent — Max. 120.1 to 150% 3.1 % $2,738 150.1 to 18D% 8.1% $3,285 Over 180°l0 8.1 % Over 3,285 5ource: 2D07 Household Survey Homeownership Current demand for ownership of homes in Eagle County that will be used as primary residences is largely generated by: ■ renters who want to move into homeownership: ■ owners who are interested in owning a'different home; and, ■ in-commuters who want to move to Eagle County if they can own a home. Market for Homeownership in Eagle Coanty, 2007 # households 2007 Households 18,924 Renter Households 5,753 Renters Who Want to Buy a Home (65%) 3,739 qwner Households 13,171 Owners Who Want to Buy Different Home (35%) 4,610 • in Commufers 6,351 In commuters Who Want to Buy in Eaqle Co. (70%) 4,445 Total 2007 Market for Primary Home Ownership 12,794 Sour�es: DOLA, 20D7 Househotd Survey and RRGRees calculafions. To find a larger home to live in was the singie reason most ftequently cited by renters who want to buy (cited by 33 percent of respondenfs) and owners who are interested in buying a different home (48 percent of respondents). Far fewer owners are interesied in down siang. Living in a more rural setting far outweighed interest in living closer to senrices. To be closer to work rated relatively low among reasons to buy a home. RRC ASSOCIATES, INC.; REES CONSU�TING, iNC. 6g FINA� - FAGLE COUNIY HOUSING NEEDS ASSESSMENT 2007 Reasons for Buying a Home � Overall Oumers Renfers To find a larger home 41.0 47.7 33.2 Other 33.5 19.1 50.4 To live in a more rural setting 15.4 16.7 13.9 To find a less expensive home 14:1 . 14.3 13.8 To live in a different cor�munity 10:4 13.6 6.6 To be closer to work 10.2 10.8 9.4 To find a smaller home � 5.7 10.5 0.0 To live closer to cityltown senrices 4.3 4.0 4.7 Total � 134% 137% 132% MuiGple choice ques6on; responses exceed 100%. . 5our�e: 2007 Househoid Survey Edwards is the community most preferred by residents who would like to buy, foilowed by the Eagie/Brush Creek area with Vaii ranking third among first choice locations. Avon Basalt/El JebeUFrying Pan Bums/McC oylBond/UUofwtt Dotsero/Gypsum Edwards Eagle/Brush Creek Eag�e-Vail Mintum/RedcliH Vail Othei Where Want to Buy 0.0% 5.0% 10.0 % 15.0% 20.0% 25.0 % Source: 2007 Nousehoid Survey Unit Type and Size Preferences The household survey asked potentiai buyers to indicate their first and second choices for the type of residence they would like to buy and the number of bedrooms they would need. Nearly three-fourths indicated that a single-family house is their first choice with most of ihese wanting three or four bedrooms. Combined, these two options received 47.5 percent of responses, far higher than any of the other possibie design combinations. The next most popular option was a single-family house with an unspecified number of bedrooms. Townhomes were the second most selected type of residence (11 percent) followed by duplexes then condominiums, which ranked only slightly higher than manufactured homes. No one indicated a mobile home would be their first choice. RRC ASSOCIATES, INC.; REES CONSULTING, WC. 70 FINAL - EAGLE COUNTY HOU5ING NEEDS ASSESSMENT 2007 While mosf residents would prefer a three or four bedroom home, 22 percent indicated they most preferred two bedrooms. Nearly 16 percent did nof specify the number of bedrooms they need, which suggests flexibility in the number of bedrooms fhat would be acceptable. This relafively high percenfage of no response could also be due in part to confusion about the question. Preferred Unif Type and Number of Bedrooms Shading indicafes top fwo design �fions. Bedrooms Bdrms Not 1� Choice One Two Three Four Five+ Specified Total Condo 0.2 3.7 0.7 0.0 0.0 0.1 4.6 Townhome 0.0 5.3 3.7 0.4 0.0 1.8 11.1 Duplex 0.4 3.0 1.9 0,6 0.0 0.7 6.6 ��. _.-...._HT.�, ..�x,_.n- '.1, .1 Sinqle-family House 0.0 9.6 ��'��2�2 ���5�0��"�: 3.1 14.2 74.5 Manufacfured home 0.0 0.5 1.9 0.0 0.0 0.7 3.1 �.6% `�.�% 35.4% 2�.3% 3.�% �7.5% ���% Bdrms Not 2^a Choice One Two Three Four Five+ Specified Total Condo 0.2 5.6 3.4 0.1 0.0 0.3 9.5 Townhome 0:4 �ia��1;���:�;t��� 8.9 2.1 0.1 1.5 232 _ ���- �: Duplex 0.0 5.3 �,�,�;,,,.:;1�G�1;,�,.�';' 9.3 0.6 7.5 37.8 Sinqle-family 0.0 0.8 . 4.3 4.3 0.3 5.3 14.9 Manufacfured home 0.0 4.9 3.7 1.4 0.2 2.9 13.2 Mobile home 0:0 0.0 1.4 0.0 0.0 0.0 1,4 0.6% 26.7% 36.8% 17.2% 1.2% 17.5% 100% 5our�e: 20D7 Household Survey ' An analysis of secand choice options for type of residence and number of bedrooms revealed a shift toward smaller units, from single-family homes to duplexes and townhomes, and from three or four bedrooms to iwo or three bedrooms. Those interested in purchasing a one-bedroom residence remained low, however, at 0.6 percent. Owners who want to buy a different home, and rente�s who want to own, differ with respect to their preferences. Renters are more interesfed in muiti-family attached product than are owners, 84 percent of whom indicated that their first choice is a single-family home. Far more renters than owners are interested in purchasing iwo-bedroom units. RRC ASSOGIATES, WC.; REES CONSULTING, INC. 7� _ _ a FINAL - EAGLE COUNTY t=10USING NEERS ASSESSMENT 2007 1� Choice by OwniRent Type Owners Renters Condo 2.6 7.0 Townhome 7.4 15.3 Duplex 5.1 8.4 Single-family 84.0 63.6 Manufactured Home 0.9 5.7 Total 100% 10D% Bedrooms One 0.3 0.8 Two 7.4 39.0 Three 38.1 32.3 Four 28.3 13.3 Fve+ 5.8 0.0 Not Specified 20.0 14.5 Total 100% 100% Sour�e: 2007 Housefiold Survey Unit type preferences vary according to where potentiai buyers most want to live. Residents who want to buy in or near Vail have relatively higher preferences for condominiums whiie 94 percent to 97 percent of those who would like fo own in the rurai communities north of I-70, Dotsero, Gypsum and the Mintum/Red Cliff area prefer single-family homes. 1� Choice Unit Type by Locafion Single- Manu. 1� Choice Location Condo Townhome Duplex family hame Total Avon 2.2 13.3 8.9 71.1 4.4 100.0% Basalt/El Jebel/Fryinq Pan 2.3 14A 0.0 79.1 47 100.0% BumslMcCoyiBond/Wolcott 0.0 0.0 0.0 96.8 3.2 100.0% Edwards 0.0 6.3 0.0 93.8 0.0 1 8.8 18.2 9.4 60.0 3.5 100.0% Creek 0.9 14.4 0.9 76.6 7.2 100.0% 0.0 7.7 19.2 73.1 0.0 100.0% Mintum/Red Ciiff 0.0 2.6 2.6 94.9 0.0 100.0% Vail 12.6 � 9.7 11.7 66.0 0.0 100.0% Other � � 3.4 O.d 3.4 86.2 6.9 100.0% Source: 2007 Househoid Survey Housing Cost Preferences The household survey asked residents who want to buy a home to indicate what they °would be willing to pay° for their first and secand housing choices. These responses suggest fhat housing at a wide variety of prices is desired. The $60D,000 or more price category received 16.7 percent of the responses, the largesf percentage of any single price increment. The distribution of responses was wide with a concentration (55 percent) in the $150,000 to $400,000 range. RRC ASSOCIATES, ING.; REES CONSULTWG, INC. 72 FINAL - EAG�E COUNTY HOUSING NEEDS ASSESSMENT 2007 T ry�e of Residence Desired,15� Choice, by Price Willing fo Pay Single- Manufactured Conda Townhame Duplex femily Home Tofai Less than $95,000 0.0 0.0 0.0 0.5 0.0 0.5 $95,000 -$124,999 0.4 0.7 0.0 1.1 0.1 2.3 $125,000 -$149,999 0.6 0.4 0.0 4.1 0.0 5.1 $15�,000 -$199,999 0.3 2.3 1.1 6.8 1.6 12.2 $200,000 -$249,999 0.9 ' 1.4 0.4 7.7 0.3 10.6 $250,000 -$299,999 0.3 2:2 1.3 5.5 1.2 10.5 $300,000 -$349,999 0.7 1.0 1.3 7.1 0.0 10.1 � ���n nnn _�399,999 0.8 1.2 0.3 9.3 0.0 11.6 - $499,999 0.0 1.4 0.7 7.4 - $599,999 0.1 0.4 1.5 9.1 or more 0.7 0.2 0.2 15.6 4.7% 11.2% 6.8% 74.1 °� _ 0.0 9.5 0.0 11.0 0.0 16.7 3.2% 1 UU.U% . Sour�e: 2007 Househoid Survey it appears, however, thaf many potential homebuyers will not be'able to qualify for the prices they want to pay. Overail, approximately 44 percent of potential homebuyers selected a price that appears to be affordable given their household income. The percentage was much lower (23 percent) among households with incomes equal to or less than 80 percent AMI. Affordabilify of 1� Choice Prices Shading denofes afforda6le price. AMI Household Income 80% 100% 120% 140% 160% >160% Totai 6 `�' �S�'�" "t Y"�` � ` -`a�'F�� s�.�r�' �` urm �"r'�a-�.�-�'P j`�it'�'` 1':r� 'r� Less than $95,000 �,"�A,�:.� �;��.:�,.'�'� �-,��:�D. �,s�� ���,,��.� �9�'� �.��-�,���a 3 � p:�,�. %'� r � Za Y�- ^w: p�F �6�n 4 h':� ,,.�L''�}"�-L,F�,�4:-�:�:�. $95,000 to $124,999 f nn����'�r�4�- �.u��lpr,� �r���,�:�-���.z1�..,��.���1� �4 � n � 3a-"J'„7:" i+ vx.ir ',��'..1. � b,+v�N �hw � $125,000 to $149,999 € �;�a�fl� � ����5�,�'..����1 :�.�' ,�-,�'�- �. �z� � -�a � s 32 �,�:-�.,�,.�� �,:1„�.���_ �:� � � $150,000 to $199,999 ��` 4.�'.�.fl���';;�2��ri����,�:'�`_��� �: ` ��,1���`��.,�`��. i=�r�������s� 68 $20Q,000 to $249,999 17 �"��3�� �`����'���.9T,,� -�� a�'��'�.�_r,.�� � '"�..�.°,�' 65 a.v..�,�� $250,000 to $299,999 8 12 ��-�.�:� 9,`�'���'.° � �,��:;�z�,�, $�,' �-��r8= �; � 69 �. . .-��i::.. . r� 'v�k� $3D0,000 fo $349,999 6 9 10 �(���7����G�,�,:;� ��8�.-_�;. `- ��.;�."7��.� 57 Q350 000 to 399 999 5 8 11 11 4'�'.�`8�` �2:�=�,,.� 73 Y' I � �+�f?l' °�a..��} 7�u� $400,000 to $499,999 4 5 6 11 . 7 �;�3�"�;� 57 $500,000 to $599,999 4 5 9 9 4 34 65 $600,000 or more 3 6 15 8 64 98 Total 57 87 66 92 57 164 601 Affordable Price ��- �2 8°��.'�. t��;:��a, ���35�%�,� �45Q D� � y'�fibii%� � uiA�`�% �_� 94-4°0�'� Unaffordable Price 77.2% 48.3% 63.6% 50.0% 33.3% 59.8% 55.6% Sour�e: 2007 Nousehoid Survey Since buyers often hope they can afford more than they can, it is pragmatic to base pricing decisions on �ie AMI distribution of residents who want buy rather than on what they say they would be wiliing to pay. The wide distribution of incomes iridicates that a wide range of pricing is needed. Renters who want to move into ownership have sign�cantiy lower incomes than owners who want to buy a new or different home. . RRC ASSOCIATES, INC.; REES CONSULTiNG, INC. 73 FINAL - EAGCE GOUNTY HOUSING NEEDS ASSESSMENT 2007 AMI - Potential Homeowners Max. Affordable Renters Who Owners Who AMI Price Want io Buy Want to Buy Different Total 50% AMI or less $124,796 13.8 � 8.2 12.0 50.1- 80% $180,238 11.7 7.9 10.5 80.1 °/a -100% $241,432 14.3 12.0 13.6 100 -120% $288,086 10.9 11.7 11.2 120% -140% $3� Over140% Over; 14.5 14.6 14.5 100% 100% Source: 2007 Nousehoid Survey 38.3 The affordability calculations assumed a down payment of $10,000. If buyers already own a home, they may be able to provide a larger down payment the�eby increasing fhe amount they can afFord to pay. On average, residents who are interested in buying a home indicated they would have appro�maiely $126,700 available for a down payment. There is a significant difference in down payment availability between owners who have a home to sell and renters who want to move into home ownership. Owners who have a home to sell indicated they have on average $218,600 available for down payments with roughiy 28 percent indiceting they would have $300,000 or more available. In sharp contrast, renters who want to buy a home have an average of less than $26,300 available for down payments. Approximately 14 percenf indicated they have no funds for a down payment. Over half (52.3 percent) however; responded that they have between $10,000 and $50,000 for a down payment, which is in the range often targeted by affordable homeownershiP programs. Down Payment Availahility by OwnlRent Overall Owners Renfers None 8.6. 3.2 14.4 $1 - $4,999 1.5 1.3 1.7 $5,000 - $9,999 8.2 1.4 15.5 $10,000 - $14,999 9.2 2.5 16.5 $15,000 - $19,999 6.2 0.3 12.6 $20,000 - $24,999 7.3 2.7 12.4 $25,000 - $49,999 8.1 5.6 10.8 $50,000 - $74,999 7.2 8.0 6.3 $75,000 - $99,999 32 3.7 2.7 $100,000 - $124,999 10.0 15.6 3.9 $125,000 - $149,999 0.6 1.1 0.0 $150,000 - $199,999 . 3.8 6.3 1.0 $200,000 - $224,999 7.8 13.9 1.2 $225,000 - $249,999 0.1 0.3 0.0 $250,000 - $274,999 3.4 5.5 1.0 $275,000 - $299,999 0.4 0.8 0.0 $300,000 or more 14.6 27.9 0.0 � 100% 100% 100% Average $126,696 $218,631 $26,276 Source: 2007 Household 5urvey RRC ASSOCIATES, INC.; REES CONSU�TING, INC. 74 FINAL - EAGLE COUNTY NOUSING NEEDS ASSESSMENT 2D07 Deed Res6-icfions Deed restrictions that wouid limit appreciafion in value to a maximum rate of 3.5 percent per year on residences initially priced below market, appear to be acceptabie to approximately 39 percent of the counfy's residents who are interested in buying a home. Deed resfrictions would be acceptabie to 21.3 percenf if priced below the amounts they indicated they would be willing to pay for their preferred housing opfions in their first choice community. Another 17.9 percent would accept deed restrictions for the amounts they previously indicated they would be willing to pay. Nearly 10 percent are uncertain about deed restrictions with price caps, while 5� percent indicated they would not consider purchasing a deed-restricted residence. Acceptability of Deed Restrictions Overail Owners Renters Yes if I could pay less than the am�unt above 21.3 12.1 32.3 Yes for the amount reported above � 17.9 7.1 30.8 No ' 51.4 71.8 27.1 Uncertain 9.4 9.0 9.8 Total � 100% 100% 100% Source: 2007 Household Survey Of no surprise, the acceptability of deed restrictions varies beiween owners and renters. About 63 percent of renters who wouid like to move into ownership would consider purchasing a deed-restricted residence compared with only 19 percent of residents who already own a home and are interested in buying a different home. � Potentiai home buyers who indicated they would consider purchasing a home with a deed restriction if it was priced lower than what they would be willing to pay otherwise responded that the amount lower would need to average around $74,344. The average is affected, however, by a few responses of $150,OOD and over. The majority of the responses were in the $50,000 range. This suggests fhat there is a somewhat widely held perception that deed restrictions with appreciation caps reduce the price of homes by about $50,000. Adjusiment for Deed Restriction Amount Less Overall Owners Renters $150 3.6 0.0 4.7 $20,000 1.7 7.4 OA $25,000 3.0 • 3.8 $30,000 3A 3.7 2.8 .,. �"m tr�,� ^",��',� "� i F" F r � ' ,, '' w"""�r ,, ���`' _ ��JI��OO�""-`,.„,�,"'-;-,�,�"�„;,+,`�'�,'�'-�`_.� .rJ;l��'',�"--,�'!?l�t�il".,�,� r�,j ' __r_�,� -� ,. �--� � ._ ,..: $75,000 7.6 7.7 7.6 $99,999 p,9 4.0 0.0 $100,OOD 15.7 14.7 16.0 $150,OD0 6.7 3.7 7.6 $175,000 0.9 4.0 0.0 $200,000 2.7 11.8 0.0 $250,000 3.0 0.0 3.8 Total 100% 100% 100%. Average $74,344 $84,675 $71,336 So�r�e: 2007 Household 5urvey RRC ASSOCIATES, INC.; REES CONSULTING, INC. 75 FINAL - EAG�E COUNTY HOUSING NEEDS ASSESSMENT 2007 Amenifies All sunrey partiapants were asked to rate the importance af nine potential home amenities and seven features often assoaated with neighborhoods. The top rated amenity is in-unit washers and dryers. Two of the top four amenities are tied to Eagie County's mountain climate — sunlight and energy efficiency. Amenities, Average Ratings 1= not at all imporfant and 5= extremely important In-unit WasherlDryer Sunlight Extra Siorage Energy Efficiency Multiple Bathrooms C,arage/Covered Parki�g On-site l.aundry Facilities Workshop Space Office Space for Business Use 0.0 D.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 Avetage Rating Sout�e: 2007 Househoid Survey Owners generally tend to rate amenities higher than renters. Energy effiaency scored high overall and even higher among renters than owners, which could stem from the high cost of heating rentai units. Most renters are responsibie for their utilities; heating costs and other utilities are rarely included with rent. Eagle County's residents highly value having private outdoor space and pets. Shared common areas received a much lower mid-range rating of 2.5. More residents value living where wood buming is allowed than where it is prohibited. Renters and owners generally place similar leveis of importance on neighborhood features. Renters, however, rated `wood buming allowed° higher than owners, which is in line with the higher rafing they placed on energy effiaency. RRC ASSOCIATES, INC.; REES CONSULTING, INC. 76 i FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 Private YardlOutdoor Space Pets Allowed Garden Space Woodbuming Ailowed Shared Common Areas Woodbuming Prohibitec Livestock Aliowec Senior Housing Neighborhood Features, Average Ratings 1= nof at all imporfant and 5= exiremely important 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4:5 Average Rating Source: 2007 Nousehoid Survey Survey responses indicate that, upon retirement, more residents will continue to live in Eagle County (44 percent overall) than will move out of the region (27 percenf). Homeowners are more likely to stay ihan are renfers. Many residents, however, chose a neutrai rating of three indicafing indecision on this question. Likelihood of Sfayin� in Region upon Retirement OveraU Owners Renters 1- NQt At All Likely 16.6 12.3 24.7 2 � 10.4 9.4 12.0 3 29.4 28.7 30.7 4 22.0 23.3 19.6 5- Extremely Likely 21.7 26.3 13.5 Total � 100% 100% 100% Averaqe Rafinq 3.2 3.4 2.9 Sou�ce: 2007 Househoid 5urvey Househoids with at least one member age 65 or older were asked to indicate the likelihood they would use five types of senior housing. Seniors who are undecided, or have a moderate to high likefihood, are outnumbered by those who indicated they would not use any of the options offered for consideration. ■ Between 19 percent and 27 percent indicated they did not know if they were likely to use the opfions provided. ■ Affordable rental housing received the highest percenfage of °definitely would use° ratings (20 percent) and the lowest percentage of "don't know" responses. RRC ASSOCIATES, WC.; REES CONSULTING, WC. 77 FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 Assistance to make their homes more accessible received the average highest rating and the lowest percentage of °would not use° responses. �ikelihood of Using Senior Housing Opfiions � Assistance Affordable Rental ta Make . Rental Housingl Reverse Home Living in 65+ Housing Services Mortgage Accessible Community 1- Would Not Use 50.1 44.6 � 50J 41.9 44.0 2 3.3 2.6 2.7 3.3 5.6 3 3.0 9.9 5.6 10.5 10.8 4 4.2 6.5 4.2 7.1 7.5 5- Definitely Would 20.0 12.6 10.0 14.8 9.0 Use Don't know 19.4 23.$ 26.8 22.3 23.1 TOTAL 100% 100% 100% 100% 100% Averaqe 3.0 3.1 3.0 3.2 3.0 ` Sour�e: 20�7 Household Survey Seniors who rent have more interest in using all of the five opfions offered than do seniors who now own their homes. Renters and owners are most sirnilar in their interest regarding assistance to make homes more accessible. Interest in Senior Housing Options Average Rating: 1= wou�d not use, 5= definitely wouid use Overall Own RenE Affordable Rental Housing 3.0 2.4 4.3 Rental Housinq w/ Services 3.1 2.7 4.0 Reverse Mortqaqe 3.0 2.5 4.0 Assistance to Make Home Accessible 3.2 3.0 3.5 Living in 65+Community 3.0 2.8 3.4 Source: 2007 Household Survey , Residents who own free-marlcet homes in Eagle County were asked to indicate if they plan to sell iheir homes when they retire. Responses were divided and indecision predominated. One-third indicated 8�ey would not sell, which is relevant when considering housing demand generated by employees needed to replace retirees. RRC ASSOCIATES, INC.; REES CONSULTING, INC. 7$ FINA� - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 Will Sell Home upon Retirement No �, , 33% _. �ii�i� ����i-.k��l�� � f ��� �� �3'u.''�is� ��'p'��;�„t�,I, �Oli�t kOOW ��I;�. i t� t (� � �� ly d�� .�`�"�r �.,>�4 �i� '}1% � i� •a �, r 7.:.r�, f��-" w G;.frS'�.�rak��""`�' ,�. 7`{,.3�a }'s`, � I'i�li i.t.�fi, I..,...., ;�. b+��.,��+k-1� C:y.. I:1 � �� ���# i�� "�i5?a;z:r'-�r::.= Yes 26% Source: 20D7 Nousehold 5urvey Of respondenfs who indicated they would seil their homes upon retirement, most (84 pe�cent) plan to move out of Eagle County. Housing which is typically smaller, lower maintenance and possibly involves subsidies andlor services, wili be needed for the 17.5 percent of reGring seniors who wili sell free-market homes but want to stay in the same community or elsewhere in Eagle County. Where Retiring Home Sellers will Move % Will Sell Siay in fhe same community 9.4 Move elsewhere in Eaqle County 8.1 Move out of Eaqle County 82.4 Total 100% Source: 2D07 Household Survey RRC AS50CIATES, INC.; REES CONSULTING, INC. 79 FINAL - EAGLE COUNTY HOUSING NEEOS ASSESSMENT 2007 SECTION 8- HOUSING NEEDS AND GAPS This section of the report estimates the total number of housing units needed by employees in Eagie Couniy both to fill existing gaps in fhe market and to accommodafe future needs based on population and employment growth projections. through 2015. The need for addifional employee housing is es6mated using a combination of factors — growth in jobs, in-commuting, unfilled jobs, replacement of retiring employees and new jobs. Estimates are provided on the number of housing units that are needed to support job growth and sustain employers. Two categories of need are quanfified: ■ Catch-Up Needs — the number of housing units needed to address current deficiencies in housing calculated by considering overcrowding, unfilled jobs and in-commuting employees who want to live in Eagle County; and, ' � Keep-Up Needs — the number of units needed to keep up with future demand for housing based on projected employment and population growth and the requirement to replace retiring employees. The quantita6ve estimates of need in this section of the report represenf the number of addi6onal housing units for which demand is directly generated by jobs. The development of these addifional uniis will not, however, address all e�sting housing problems, such as lack of affordability. In theory, if the balance between demand/need and supply is brought into greater balance, housing affordability and other problems will improve. If the development of additional units for employees continues to lag behind job growth, other non-development measures for addressing problems will be needed. This section condudes with an analysis of the °gaps° in housing and compares total needs to units provided by the ma�Cet to better understand af what pric� points housing is needed to meet resident and local worker needs. Catch=Up Needs Demand from Unfilled Jobs in 2007 The number of unifs needed to attract empfoyees to fill vacant positions is part of the equation for the total catch-up demand for additional empioyee housing units in 2007. Based on a combination of assumptions conceming the number of unfiiled jobs and the number of empioyees now living in Eagle County and available for work, approximately 1,420 additional housing units are needed to enable additional employees to move into Eagle County to fill jobs that are currently vacant. Approximately 61 percent of employers surveyed indicated they had at least one unfilled year round or seasonal position. Year-round positions that are part time appear to be fhe easiest to fill while year-round full time positions are mosi likely to be varant. Employers Reporting Unfilled Jobs, by Type Year Round Winter Seasonal Total Unfilled Jobs Fi' PT FT PT Current None 9.1 68.2 21.1 36.8 39.1 At least one 90.9 31.8 78.9 63.2 60.9 Total 100°la 100% 100% 100% 100°l0 Sour�e: 200� Employer Survey A total of 716 unfilled positions were reported by employers who were surveyed. This equates to a ratio of .098 unfllled jobs for every job held by an employee. The ratio beiween filled and unfilled positions is similar for year-round and winter seasonal employment. RRC ASSOCtATES, INC.; REES GONSULTING, INC. $Q FINAI - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 Rafio of Fiiled to Unfifled Jobs Year Winter Toial Peak Round Seasonal 5eason # Employees — Surveyed Employers 5,258 2,031 7,289 Unfilled Jobs 507 209 716 Ratio total:unfilled jobs 1:0.096 1:0.103 1:0.098 Source: 2007 Empioyer Survey Applying. this ratio to total jobs results in an estimate of 4,089 unfilied jobs as of the peak 2006/2007 ski season. Flling all of the over 4,000 positions that are vacant will require in-migration of workers into the county. Of the 35 employers who elabarated on the reasons why they have unfilled positions, the vast majority (75 percent) cited lack of appiicants and/or high housing costs as the reasons (see Employer Survey commenfs in the appendix to this report). The Colorado Department of Labor reports that Eagle County's March 2007 unemployment rate was 2.6 percent. It had been 3.1 percent in January and 2.8 percent in February. In comparison, the average for Colorado was 3.6 percent in March, a full percentage point higher than in Eagle County. Eagle County's average for 2006 was 3.4 percent, varying between 2.8 percent in December and 4.8 percent in May. Unemployment levels are so low that Eagie County should be considered a labor shortage area where there are fewer residents looking for jobs than there are open positions. As such, it will be assumed that in- migration will be required to fill 75 percenf of the vacant positions. This estimate is conservative; with an unemployment rate less than 3 percent it may be optimistic to assume that 25 percent of vacant jobs can be filled by employees who already reside in Eagle Counfy. Estimate of Housing Needed to Fill Vacant Jobs Eagie County Total Jobs, 2007 41,727 Jobs to Unfilled Jobs Ratio 1:.098 Total Unfilled Jobs 4,089 Jobs per employee 12 Totai empioyees needed 3,408 In-migration of Employees (75%) 2,556 Empioyees/Housing Unit 1.8 Housing Demand Generated 1,420 5ources: 2D07 Employer and Househoid Surveys, RRC/Rees calculations. /n-Commufers (Cafch-Up) Demand from in-commuters represenfs a catch-up housing need. This is estimated by examining the percentage of in-commuters that would prefer fo live in Eagle County over their present community if suitable t�ousing within their price range was available. As of the 2000 US Census,l7 percent of workers commuted into Eagle County for wotk. Based on the relatively stable household:jobs ratio over time, fhe percent of workers commuting into Eagle County is estimated to have sh'rffed at most only slightiy since the US Census. In light of this, for purposes of estimating potenfial housing demand associated with commute�s, DOLA's esfimate of 18.3 percent will be used. RRC ASSOCIATES, INC.; REES CONSULTING, INC. . $'I FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 Eagte County In-Commuters, 2007 (esf) 200T Eagle County Total Jobs 41,727 Avg jobs per employee 1.2 Totai employees 34,773� Jobs Held by Residents 34,106 Avg jobs per employees 1.2 Total employees living in Eagle Co. 28,422 In-commuters 6,351 % In-commuters 18.3% Resident Employment 28,317 �abor Force 29,353 Sour�e: Departrnent of �ocal Affairs (DOLA), 2007 Nousehold Survey As shown above, about 18 peroent of workers (approximately 6,351 total empl�yees) commute into Eagie County from homes outside of the county. in-commuter survey responses indicate that 70 percent or 4,445 of these workers would prefer to live in Eagle County if affordable ownership and/or rental housing were available. �iven the increasingiy tight housing conditions in the counties where many commuters now live due to oil/gas expioration in Garfield County and reopening of the Climax mine in Lake County, it is not surprising that the percentage of commuters who would like to move to Eagle County is high. With an average of 1.8 employees per household, in commuters generaie a catch-up need for roughly 2,469 housing units. ,Catch-Up Housing Needs Generated,by in-Commuting Employees Eagle County Total Jobs 41,727 Avg. Jobs per Employee 12 Total Employees 34,773 In-commuters (18.3%) 6,351 # that wouid move to Eagle County (70%) 4,445 Employees per household 1.8 Total housing units needed 2,469 Sources: DOLA, 2007 In-commuter survey and RRC/Rees calculations. Most of the in-commuters inferested in living in Eagie County wouid like to own; demand for rental units is low. If affordable ownership units are not developed in Eagle Counfy, in-commuters will likely remain living where they now reside and may change jobs to eliminate commuting since employment opportunities in their home counties are increasing. Units Needed to Address Overcrawding While some of the housing problems now existing in Eagle County can be addressed through non- construction methods (i.e. monthly subsidies for cost burdened renters, rehabil'�tation loans for repairs, etc) overcrowding can oniy be addressed by building additional units. The 2007 Household Survey found that 9.8 percent of households in Eagle County live in overaowded conditions (defined by having more than 1.5 RRC ASSOCIATES, INC.; REES GONSULTING, INC. $2 FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMEN7 2007 � residents per bedroom). This equates to about 1,855 households in 20D7 (9.8 percent of 18,924 tofal households in Eagle Counfy in 2007). Typically, an increase in the supply of worlcforce housing equal to abouf 30 percent of the number of overcrowded units will largely address overcrowding to the e�ent practical, given cost consciousness and cuitural preferences. Units Needed fo Address Overcrowding Units Total Households 18,924 � # Overcrowded Units 1,855 % Needed to Reduce Overcrowding 30%, Housin� units needed 557 5our�e: 20D7 Household Survey and RRCIRees caiculaGons. Keep Up Needs Housing Demand from Job Growth According to employment forecasts developed by the Colorado Department of Local Affairs, Eagle County will have a net gain of over 4,400 jobs in the next three years and appro�omately 10,300 additional jobs by 2015. Job g�owth in Eagle County will be the result of expansion by existing employers, new residentiai development and new commercialrndustrial development. Of employers surveyed, 41 percent indicated they pian a net increase in jo�s in the ne� iwo years. Given employmenf growth over the seven-year period beiween 2000 and 2007 of 7,222 jobs (1,032 per year), the estimated increase of 10,316 jobs in the eight years beiween now and 2015 (1,290 per year) may be slightly ovet stafed. The 4,776 additional housing units needed to accommodate new jobs by 2015 should, therefore, be viewed as the maximum number likely to be needed solely to support employment growth. Estimate of Housing Needed to Fill New Jobs, 2007 — 2D15 2007 2010 2015 Totai Projected Jobs 41,727 46,173 52,043 Increase in Jobs over 2007 - 4,446 10,316 Jobs per Employee 12 1.2 1.2 New Empioyees Needed 1.8 1.8 1.8 Housing Demand �enerated - 2,056 4,776 Sources: DOLA, 2007 Household Survey and RRC/Rees calculations. Demand from Repiacemenf of Retirees Approximately 23 percent of employers surveyed now employ a combined total of 109 persons who will retire within iwo years and will need to be replaced. The new employees who are needed to fill the positions vacated by the retiring employees will generate demand for additional housing units; few of the housing unifs fhe retirees now occupy will be available for their replacements. By 2015, there will likely be a surge in the number of employees who will retire based on the age distribution of employed persons. Nearly 35 percent of employees are in the 46 to 65 age range. Employees who are now 57 will reach the typical retirement age of 65 by the year 2015. Therefore, an estimated 40 percent of RRC ASSOCIATES, INC.; REES CONSULTING, INC. $3 FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 these employees will be refiring during the forecast period. This equates to approximately 5,900 employees who wiil (ikely retire by 2015, or 738 employees per year. Age Distribution, Adults in Employee Households Age # Empioyees % Employees 18-25 4,625 13.3 26-45 16,482 47.4 46-65 12,136 34.9 65+ 1,530 4.4 Total 34,773 100.0% Source: 2007 Househoid Survey Employees needed to replace retirees will generate demand for approximately 3,284 additional units by 2015. Estimate of Housing Needed to Fiil Jobs Vacated by Retirees, 2007 - 2015 � Eagle County Total Estimated Employees, 2007 34,773 % Employees Reiiring by 2015 17% Replacement Employees Needed 5,911 Employees/Housing Unit 1.8 Housing Demand Generated 3,284 Source: 2007 Household 5urvey, RRGRees caiculalions. The number of employees was not adjusted for in-commuting since housing opportunities in areas where commuters now live (Lake and Garfield Counties) will become increasingly limited with few units available for replacement employees. Tofal Need f.orAdditional Housing At present, there is catch-up demand for approximately 4,446 housing units needed to: ■ attract employees to fili vacant positions (1,420 unifs); ■ aa;ornmodate in-commuters who want to move into Eagle County (2,469 units); and, ■ address overcrowding (557 units). By 2015, keep-up demand for 8,060 units will be generated for approximately: ■ 4,776 additional units to accommodate growth in the labor force through in-migration to sustain business expansion and start ups, and ■ 3,284 units for employees needed to fill positions that wiil be vacafed by retiring workers. In total, approximately 12,506 units of housing will be needed to address catch-up and keep-up needs by 2015. These estimates represent all housing needed at all income leyels and price ranges, not just affordable housing for low- and moderate-income households. RRC ASSOCIATES, fNG.; REES CONSULTING, INC. $4 F(NAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 20D7 Summary of Housing Demand Units Source of Demand Needed Cafch-Up Needs Unfiiled Jobs, 2007 1,420 In Commuters 2,469 Overcrowded Unifs '• 557 Total Catch-Up Demand 4,446 Keep-Up Needs New Jobs, 2007 - 2015 4,776 Replacement of Retirees, 2007 - 2015 3,284 Total Keep-Up Demand 8,060 Tofal Demand for Addi6onal Units by 2015 12,506 It should be noted that the above estimates do not'rnclude the demand for retirement/senior housing. If refiring employees do not stay in the homes fhey now own but cash out to supporf their expenses, units will be needed for those who wish to remain in Eagle County. Since the homes they now own are largely free- market units, few if any will be affordable for the employees who must move in to fill vacated positions. Demand byAMl The following tabie spec�es the demand for units by income category expressed as a percentage of the AMI. These estimates by AMI were derived by applying the income distribution shown in fhe current househoid trends section of this report to total demand generated by new jobs. It is appropriate to assume that the income of the region's households wiil �be similar in the foreseeable future to the current distribufion by AMI. No significant shifts in the composition of fhe region's economy are anticipated that couid cause a majar change in fhe distribution of incomes. Workforce Housing Demand by AMF Maximum , Affordable Maximum Units Needed to . Max Purchase Affordable % of Demand Accommodate AMI Range Income* Price*** Rent from NewJobs NewJobs 50% AMI or less �$36,50D NA $913 15.1 % 721 60%AMI $43,80D NA $1,095 2.9% 139 80%AMI $53,850 $180,238 $1,346 10.3% 492 100%AMI $73,000 $247,432 $1,825 15.9% 759 . 120%AMI $87,600 $288,086 $2,190 12.9% 616 140°/n AMI $109,50D $334,741 $2,738 9.5% 454 Over Over Over 140%AMI $109,5d0 $334,741 or more $2,738 33.5% 1,600 � Total - - - 100.0% 4,776 5ource: �epartmenYof Locai Afrairs; Colorado Demography 5ec8on; CHAS; RRC Associaies, Inc: RRC ASSOCIATES, INC.; REES CONSULTING, INC. $5 FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 Free-Markef Availability As of April, 2007, the median price for a singl�family home listed for sale in Eagie County was $1.5 miilion. The median price far condominiums aiso exceeded $1 million. Prices for townhomes, duplexes and tripiexes were siightly lower but relatively few were available (17 percent of tofal listings). MLS Residentiai Lisfings, April 2007 Total Percent Property Type Median Minimum Maximum Number of Units TOTAL $1,195,000 $70,000 $21,000,000 1,048 100.00% Condominium $1,050,000 $70,000 $18,860,000 � 487 46.50% Sinqle-family $1,500,000 $194,999 $21,000,000 381 36.40% Townhomel Duple�l'riplex $894,000 $295,000 $14,950,000 180 17.20% Souree: Eagle County MLS Nearly half of the units on the market are condominiums. The percentage increases to 55 percent for units priced under $350,000. MLS Listings by Price Range and Type Townhomel Single- Condo Duple�clTriplex family Tofal � Under$100K 1 1 $100K to $149,999 1 1 $150K to $199,999 1 1 2 to $299,999 4 1 4 9 to $349,999 12 3 7 22 to �399.999 33 $ 8 49 to $499,999 73 19 24 116 to �649.999 57 29 39 125 $650K to $799,999 32 13 28 73 $800K or more 272 107 269 648 487 180 381 1,048 5ource: Eagie County ML5 Very few housing units are available for purchase in Eagle County by households with low, moderate and middie incomes. As of Aprif, only 28 residential units were listed for sale through the MLS for prices that were potentiaily affordable for households with incomes equal to or less than 140 percent AMI. The number that was truly affordable was likely lower, however, due to high HOA dues that reduce the amount that househoids can afford to pay. Availability of units that are affordable for househoids wifh incomes less than 140 percent AMI is declining. In 2006, 24 percent of sales were at prices affordable for buyers with incomes under 140 percent AMI. As of April, only 2.7 percent of listings were priced to be affordable for the same AMl/price range. Over 97 percent of MLS lisfings were attainable only by upper income households. RRC ASSOCIATES, INC.; REES CONSULTING, INC. $s FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 Availability by AMI, Apri12007 • Maximum % Gurrenf # Current 2006 °/a Affordable Maximum Income Listings Listings Sales 2006 # Sales AMI Range Purchase Price (3•person HH) (MLS) MLS (Assessor) (Assessor) _ 50% AMI ot' less $124,796 $36,500 0.2% • 2 5% 1�11 60%AMI $148,123 $43,800 0.0% � 0 1% 21 80%AMI $180,238. $53,850 0.0% 0 1% 19 100%AMI $241,432 $73,000 0.4% 4 4% 99 120% AMI $288,086 $87,600 0.4% 4 6% 131 140% AMI $334,741 $109,50� 1.7% ' 18 8% 182 Over 140% AMI Over $334,741 Over $1Q9,500 97.3% 1,020 76% 1,801 Total - - 100% 1,048 100°l0 2,364 Source: Eagie County Assessor's Office, Eagle County MLS, RRC Associates, Inc. Of the 28 units listed for sale at prices potentially affordable for households with incomes equal to or less than 140 percent AMI, haif were condominiums. Availability by Unit Type and AMI, April 2007 Townhomel Condo Duple�i'riplex Single-family Tofal Less fhan 50% AMI 2 0 0 2 80 to 100% AMI 2 0 2 4 100 to 120% AMI 2 0 2 4 120 Lo 140% AMI 8 3 7 18 Over 14� AMI 473 177 37D 1,020 � 487 180 381 1,048 Source: Eagle County MLS • In 2006, 2,364 units sold, which equated to 197 units per month. As of April, the 1,048 MLS listings represented a 5.3 month inventory. This represents a moderately tight market but April is not historically an active month; listings could increase during the summer months. Gaps There is a significanf gap beiween the current demand (catch-up) units and the number of units available as of April, 2007. The difFerence of 3,398 units beiween current demand for 4,446 units and current listings of 1,048 units represenfs the magnifude of the gap between what residents and in-commuting employees want for housing and what the free market is providing. The difference for each AMI category represents the net demand between what residents and in-commuters can afford and the free market price of units. The gap is largest in the 81 to 120 percent AMI range. Since federal and state housing programs only serve households with incomes equal to or less than 80 percent AMI (Low Income Housing Tax Credits and several grant programs have even lower income eligibility standards) addressing the gap in the 81 to 120 percent AMI range will require partnering with private developers and other local solutions that do not rely on funding f�om outside of Eagle County. Propo�ionately, households with incomes greater than 140 percent AMI are the best served by the free market, wifh units available to meet approximately 64 percent of current demand. These figures are dynamic; additional units will be piaced on the market during 2007 that will slightly lower the gap. With 97 RRC ASSOCIATES, INC.; REES CONSULTING, WC. $7 FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 percent of the current listings afifordabie oniy for househoids with incomes greater than 140 percent AMI, fhe change should not significantiy impact planning for solutions to address catch-up demand. Net Demand for Housing Maximum Affordabie % Current % Currenf # Curzeni Listings # Currenf AMI Range Purchase Price Listings (MLS) Demand MLS Demand Gap 50%AMI or(ess $124,796 0.20% 5.4% 2 242 -240 60%AMI $148,123 0.00% 7.4% 0 327 -327 80%AMI $180,238 0.00% 8.6% 0 384 -384 100%AMI $241,432 0.40% 15.4% 4 683 $79 120%AMI $288,086 0.40% 15.2% 4 678 -674 140%AMI $334,741 1.70°/a 12.3% 18 545 -527 Qver 140%AMI Over $334,741 97.30°/a 35.7% 1,020 1,588 -568 Tot31 - 100% 100.0% 1;048 4,446 -3,398 Sour�e: Eagle County MLS; RRC/Rees Calculations RRC ASSOCIATES, INC.; REES CONSULTING, INC. $$ - EAGLE COUNTY HOUSlNG NEEDS ASSESSMENT 2007 Appendix A - AMI Profiles RRC ASSOCIATES, INC.; REES CONSULTING, INC. $9 FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 This appendix coniains demographic and housing preference profiles of Eagle County households based on their income level: 50 percent AMI or below, 50.1 to 80 percent AMI, 80.1 to 100 percent AMI, 100.1 to 120 percent AM1,120.1 to 140 perc�nt AMI and over 140 percent AMI. This information was compifed from the 2007 Household Sunrey distributed as part of this study. A comparative summary is presented below, followed by individuai profiles for each income group. • Homeownership: The ownership rate increased wifh household income. Only 40 percent of household eaming 50 percent of less AMI own their home, rising to 78 percent of househ�lds eaming over 140 percent AMI. ' Unit Type: Househoids eaming 50 percent or less are more likely to be residing in an apartment (37 percent) than other income groups. The percentage of households in apartments decreases as househoid income inaeases, where only 3 percent of households eaming over 150 percent AMI reside in an apartment. Conversely, households eaming over 140 percent AMI are most likely to live in a singie-family home-cabin (52 percent) dropping to 27 percent of household eaming 50 percent or less AMI. The income group which is most likely to own a condo eams beiween 100 and 120 percent of the AMI. • Household Tvpe: About 33 percent of households earning 50 percent of less AMI are single parents with children - dropping to 6eiween 1 and 14 percent of households at other AMI ranges. Beiween 31 and 39 percent of households eaming over 80 percent AMI are couples wifh chifdren. • Households with Seniors: Nouseholds with seniors (age 65 or over) comprise the lowest percentage of households eaming between 120 and 140 percent AMI (7 percent). Households eaming 50 percent AMI or less are more likely than other AMI groups to have a senior in their household (12 percent}. • Cost-Burdened: The percentage of cost-burdened households decreases as income increases. Household eaming 50 percent AMI or less had the highest percentage of cost-burdened households (75 percent), followed by 50 to 80 percent AMI households (49 percent), 80 to 100 percent AMI households (29 percent), dropping to 19 percent for households eaming beiween 100 and 120 percent AMI, and to beiween 11 and 7 percent for househo(ds eaming over 120 percent AMI. • Residence Ratinqs: Households eaming 50 percent or less AMI were likely to rate certain characterisfics of where they live (candition of home, exterior appearance, yardliof size, adequacy of heating, safety/security and quality of neighborhood) lower than higher income households, eaming over 140 perc�n# AMI generally �ating their home highest in most aspects. For income groups over 50 percent AMI, the quality of neighbo�hood and safetylsecurity were rated the highest on average. For all income groups, the yard/lot size received the lowest average rating. • Emplovment Status: Households eaming 50 percent or less AMI or more likely ta be retired (13 percent) than other income groups while households eaming over 140 percent AMI are the most likely fo be self-employed. Househoid eaming beiween 120 and 140 percent AMI were most likely to leave their employment to work closer to home if similarlsuitable housing was available (77 percent). RRC ASSOCIATES, WC.; REES GONSULTING, INC. 9� FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 Profile (50% AMI or bebw} Households # % Total Households Cost Burden Under 20% 6% 20-3D% 18°/u 30-35% 17% 35-5Q% 16% Over 50% 42% Type of Residence Sinqle-family homeJcabin 27% Cond�/townhouse/duplex 23% Aparfment 37% Mobile home 8% Other 4% Househoid Composition Coupie with child(ren) 11% Couple, no child(ren) 9% Aduit livinq alone 37% Unrelated roommates 7% Sinqle parent with child(ren) 33% Family members and unrelated roommates . 2% Immediate and extended family members 1°/a Oifier 0% %with at least one 65+person 12% Averaqe number of people in household 2.4 p Currem Residence � Frst Choiee of 1Miere fo Live Awno ................._a,.._,,.,......_.,..... BasalUElJebei/FryingPan "_ ` � q�o BumslMcCoy/BondMblcott o% Dotsero/Gypsum "' —°• 7D% Edwards " - ' 2� % FagleBrush Creek " � 9% Eagle-Vail '.'_ 6% MintumiRed Cl'rff " o ' "' 76 % Val ..:,.,_... o Other "' ' ° � 0% 5% 10% l5% 2D% 25% 30% Rate where you currently live (rafed 4 or 5; scale 1 "poor" - 5 "excellenY') % 4,5 Average Exceilen4 Condition of home 3.2 40% Exterior appearance 3.5 42% � Yard/lot s¢e � 2.8 24% Adequacy of hea6ng 3.4 42% 5afety/security 3.2 33% Quality of neiqhborhood 3.3 39% Tenure % Own 40% Renf 60% Would like to buy a new/different home p� 30% Rant ' S0% Employment Sfatus Self-employed 21 % Employed by others 62% Unemployed and lookinq forwork 1% Unemployed not IookincZfor work 0% Full-fime homemaker 0% Retired 13% Full-time student �% Other 2% Averaqe number of employed adults 1.1 Work Location Winter Summer Vail 27% 20% Avon 23% 31% Edwards 23% 27% Eaqie 15% 14% BeaverCreek 20% 27% Gypsum 2°!0 0% Other Eaqle County 2% D% Other 30% 42% 10 years or more ,�.;.,,��;� ;�x�;;;c4�,a�.�•s,,.v-, ` 5 up to 10 years �,,;.:. -�1 °6 ��d in Eagie County � 3 up to 5 years �,r,,,�,,� �� � Worked in Eagie Courrty 2 up to 3 years ,.-„:;,,�. �0 j 1 up to 2 years ��� 6 months up to 1 year ;suu;: � Less Ihafi 6 monihs ,� i 0% 1D% 20� 30°6 40% 5D% 60h 7D% Wouid you leave your employment to work cioser to home if similarlsuitable employment was - available to you? % Yes - I wouid leave my empioyment 72% No - I would not leave my employment 28% Do you: _ _ Receive housinq assistance 24% Live in a deed-restricted residence 7% RRC ASSOCIATES, INC.; REES CONSU�TING, INC. 91 FINAL - EAGLE COUNIY HOUSING NEEDS ASSESSMENT 2007 Profile (50 fo 80% AMIj Househoids # % Totai Households Cost Burden Under20% 19% 20-30% 32% 30-35% 20% 35-50% 14% OVet' 50% 15% Type of Residence Sinql�family home/cabin 20% Condo/townhouse/duplex 35% Aparfinent 26% Mobile home 10% Other 8% Household Composifion • Couple with child(ren) 18% Couple no chiid(ren) 16% Adult livinq alone 41% Unrelated roommates 8% Sinqle parent with chiid(ren) 14°/a Family memhers and unrefated roommates 1% Immediate and extended family members 0% Other 0% % with at least one 65+ person 8% Average number of people in household 2.1 pCurteM Residence sFirst Choice ot Whetc fo Li�e Awn BasalUEl JebeUFrying Pan BumslMcCoy/BondMbicott Dotsero/Gypsum Edwards EaglelBrush Creek Eagle-Val "^°•, ,•. 10°h Mntum/Red Giff ""` 10% Vail Other 0% 5°/ 10 % 15% 20 % 25% RaEe where you currently live (rated 4 or 5; scale 1 "poor" - 5 "excellenY'} % 4,5 Average F�ccellent Condition of home 3.6 53% Exterior appearance 3.4 49% YardAot s¢e 3.1 42% Adequacy of heatinq 3.7 55% Safety/security 3.7 53% Quality of neighbo�hood 3.8 65% Tenure �a Own 47% Rent 53% Would like to buy a dewldifferent home ONm 35% Rent 61% Employment Staius Self-employed 15%a Empioyed by ofhers 76% Unemployed, and lookinq for worlc 0% Unemployed, not lookinq for work 0% Full-time homemaker 3% Retired 6% Fuli-time student 0% Ofhef 0% Averaqe number of employed adults 1.3 Work Location Winfer Summer Vaii 37% 29% Avon 20% 13% Edwards 10% 14% Eaqle 7% 8% Beaver Creek 10% 10% Gypsum 6% 7% Other Eaqie County T5% 19% Other 22% 26% 10 years or more �•r.��.b �xice�risxa;e,u c�asr.�e:rr,� �r, 5 up to 10 years Fwr.�c /0 0�d in Eagie couny 3 up to 5 years x,;;� � 0 Worked in Eagle Caunty 2 up to 3 years �,,, % � up to 2 years �:,;�,5 p� 6 months up to 1 year -�„ �� % �ess than 6 months ; �jJ,� 0°6 10% 20% 30% 4D% 50% 60% 70% Wouid you leave your empfoyment to work closer to home if similarlsuitable employmeni was ' available to you? % Yes - I wouid leave my empioyment 61 % No - I wouid not leave my employment 39% uo you: Receive housinq assistance � 6% Live in a deed-rnstricted residence 4% RRC ASSOCIATES, WC.; REES GONSULTING, INC. 92 FINAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 Profile (80 fo 100% AMI) Nouseholds # % Total Households Cosi Burden � Under 20% 2� % 20-30% 50% 3Q-35% 10% 0 35-50% 15 0 Over50% 4% �pe of Residence Sinqle-family homelcabin 40°/a Condoltownhouseldupiex 37% Apartment �4% Mobile home 6% Ot�er 3% Household Composition Couple with child(ren) 32% Coupie no child(ren) �$% Adult living alone 30% Unrelated roommates 8°!0 5inqle parent with child(ren) 8% Family members and unrelated roommates 1% Immediate and extended family members 4% Other %with at least one 65+person 77% � Avarana ni�mharnf nannle in household 2.4 pCurrent Residence pFirst Choice of Where to Li�e Awn _..�.�_� �,�, BasalUE1 JebeVFrying Pan ""' """ " 11'Yo Bums/McCoy/BondMblcori . q Dotsero/Gypsum Edvrards Eagle/Brush Creek Eagle-Vaii �ntumlRed Giff Vail Other 0% 5% 1D% 15% 20% 25% Rate where jrou currenHy live {rated 4 or 5; scale 1 "poor" - 5 "exceilenY') . . % 4,5 Average F�cceilent Condition of home 3.8 60% Exterior appearance 3.6 54% Yardllot s¢e 3.2 40% Adequacy of heatinq 3.7 53% Safetylsecurity 3.8 67% Qualiiy of neighborhood 4.0 71 % Tenure % pWn 63% Rent ... 37% Wouid like fo buy a new/different fiome Own 33% Ront 8�% Employment Status Self-employed �go�a Emp►oyed by others 75% Unemployed and lookinq fotwork � 2% Unemployed notiookinqforwork 0% Fui�-time homemaker 2% Retired 3% Full-time student �% Other 0% Averaqe num6er of employed adults 1.7 Work Locafion Winter Surnmer Vaii 30°!0 20% Avon 19% 18% Edwards 12% 16% Eaqle 14% 20% Beaver Creek a% �% GVpsum 12% 12% Other Eaqle Counfy 3% 6% �lEf � 28% Z8% 1D years or more 5 up io 10 years 3 up to 5 years 2 up to 3 years 1 up to 2 years 6 months up to 1 year Less than 6 monihs 0% 20°h 4D % 60% BD% Would you leave your employment fo work closer to home if similar/suitable emp(oyment was available to you? % Yes - I wouid leave my employment 67°/a No -1 wouid not leave my empioyment 33% Do you• Receive housinq assistance 3% Live in a deed-restricted residence 7% RRC ASSOGIATES, INC.; REES CONSULTWG, wc. 93 FINA� - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 20p7 Profile (100 to 120% AMI) Househofds # % Total Households Cosi Burden Under 20% 34°�a 20-30% 47% 30-35% 10% 35-50°/a 8% Over 50% 1 % Type of Residence Sinqle-family home%abin 39% Condo/townhouselduplex 47% Aparfment 8% Mobile home 4% Olher 2% Household Composition Couple with child(ren) 33% Couple, no chiid(ren) 28% Adult livinq alone 22% Unrelafed roommates 5% Sinqie parent with child(ren) 5% Family members and unrelated roommates 4% Immediate and extended family members 1% Other 1% %with at least one 65+person 9% Average num6er of peopie in hoasehoid 2.5 pCurteM Residence ■Frst Chofce of Whe2 to Li�e Awn :.,.,�.�.,, �� BasafUEl JebeVFrying Pan '" - ,. 1 4% BumslMcCoy/BondMbicori ° 6%, DotserdGypsum "'° , -� 16% Edwattls Eeglel8rush Creek Eagie-Vail Mintum/Red Giiff Vail Other 0% 5% 10% 15 % 20°h 25% Rate where you currentfy I'rve (rated 4 or 5; scate 1 "poor" - 5 "excellenY') • % 4,5 Average Excellent Condition of home 3.8 62% Exteriorappearance 3.8 61% Yardllot size 3.4 53% Adequacy of heatioq 3.9 67% Safety/security 4.0 73% Quality of neighborhood 4.0 75% Tenure °� Own 67% Rent 33% Wouid like fo buy a pew(different home Own 36% Rent 63% Employment Siatus Self-emp�oyed 30°/a Employed by others 58% Unemployed, and lookinq forwork 1% Unemployed, not lookinq for work 0% Full-time homemaker 0% Retired 8% Fui{-time student 3% Q�1@f �% Averaqe number of employed aduits 1.8 Work Location Winter Summer Vail 25% 24% Avoo 19% 18% Edwards 18% 20% Eaqle 18% 17% Beaver Creek 13% 12% Gypsum 9% 6% Other Eaqle County 7% 9°/a Other 19% 24% 10 years or more 5 up to '10 Yedrs 3:,;� .wt:�„�.,...:�. z4 � 3 up to 5 years �;.,�. % ■�ved in Eagle CouMy � Worked in Eagle Cair 2 up to 3 years ��' 1 up to 2 years 6 months up to 1 year Less than 6 months � � 0% 10% 20 h 30% 40% 5D% 60 % Would you leave your employment to work cioser to home if similar/suitable employment was available to you7 °� Yes - I would leave my empioyment 40% No - I wouid not leave my employment 60% Do you: Receive housing assistance 4% Live in a deed-restricted residence 5% RRC ASSOCIATES, INC.; REES CONSULTING, INC. 94 FItJAL - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 Profile (120 io 140% AMIj Households # % Tenure % Total HouSeholds Ouvn 69% Cosfi Burden Under20% 41% 20-30% 47% 30.35% 4% 35-50% 7% Over 50% 0% Type of Residence ' 5ingle-family home/cabin 46% Condo/townhouse/dupiex 42% Apattment 10°/a Mobile home • 2% Oiher 0% Hausehold Composifion Couple with child(ren) 39% Couple, no child(ren) 33% Adult living alone 72% Unr�lated roommates 13% Singie parent with child(ren) • 2% Family members and unrelated roommates 2% immediate and extended family members �% Other %with at least one 65+person 7% Average number of people in household . 2.7 pCurtent Residence �Rrsi Cboice of Where fo U�e Avon Basalt/F� JebeUFrying Pan Bums/McCoy/BondMblcott poisero/Gypsum EdNrards EaglelBrush Creek Eagie-Vail MintumlRed CI'rff Vaii Other p% 5% '10% 15% 20% 25% 30% Raie where you currently live (raied 4 or 5; scale 1 "poor" - 5 "exceilenY') % 4,5 Average Excelient Condition of home 3.8 64% Exterior appearance 3.6 58% Yard/lot size 3.1 37% Adequacy of heating 3.8 63% Safety/securiiy 4.0 73% Quality of neighborhood 4.1 79% . Wou(d like fo buy a newldifferenf home Urm 40% Empioyment SEaius Self-empioyed 30% Employed by others 62% Unemployed, and lookinq forwork 0% Unemployed, not looking for work 0% Fuil-time homemaker 5% Retired 3% Full-6me student 0% Other 0% Average number of employed adults 1.9 Work Location Wint�r Summer Vail 29% 28% Avon 17% 14% Edwards 16°/a 18% Eaqle 14% 17% BeaverCreek 10% 11°!0 Gypsam 10% 70% Other Eagie Couniy 7% 7% Other 26% 26% '10 years or more 5 up to 10 years 3 up to 5 years 2 up to 3 years 1 up to 2 years 6 months up to 1 year Less than 6 monlhs 0% 20h 40°6 60% BOh Would you leave your employment to work cioser fo home if similar/suitable employment was availabte fo you? % Yes - i would leave my empioyment 77°!0 No -1 wouid not leave my employment 23% po you: _.. Receive housing assistance 2% Live in a deed-restricted residence 11% RRC ASSOCIATES, INC.; REES CONSULTING, �NC. g5 FINAL - FJ�GLE COUNTY HOUSING NEEDS ASSESSMENT 2007 Profile (Over 140°/a AMI) Households # % Total Households Cost Burden Under20% 70% 20-30% 23% 30-35% 3% 35-50% 3% Over 50% 1 % Type of Residence Sinqle-family home/cabin 52°/a COndo/townh0use/dupleX 42% Apartrnent 3% Mobile home 2% Other 1 % Household Composition Couple with child(ren) 31% Couple, no chiid(ren) 40% Aduit livinq alone 12% Unrelated roommates 10% Single parentwith child(ren) 1% Family members and unrelated roommates 4% Immediate and extended family members 2% Other ' 1 % %with at least one 65+person 8% Average number of peoPle in household 2.7 pCurteM Residence ■Rrst Choice of Whefe fo Li�e Awn BasalUEl JebeVFrying Pan Bums/McCoy/BondMblcott DotseroiGypsum Edwartis EaglelBrush Geek Eagle-Vail Minlum7Red Clifr Vail Oiher 0% 5% 10% 15% 20% 25% 30% Raie where you curreofiy live (rated 4 or 5; scale 1 "poor" - 5 "excellent") % 4,5 A�erage F�ccellent Condition of home 4.2 76% Exterior appearance 4.1 71 % Yardliot s¢e 3.7 57% Adequacy of heating � 4.1 74% Safeiy/security 4.8 8�% Quality of neighbofiood 4.4 84% Tenure % Own 78% Rent 22% Woui.d like to buy a new/different home p�nm 37°/a Rent 75% Emptoyment Status Self-employed 38% Employed by others 53% Unemployed, and lookinq forworic 0% Unemployed, not lookinq for work 0% Fuil-time homemaker 1% Retired 7% Full-time student Other 0% Averaqe number of employed aduits 1.9 Work Location Winter Summer Vail 25% 25% Avon 21% 23% Edwalds 18% 18% Eaple 14°/a 15% Beaver Creek 12% 10% Gypsum 5% 6% Other Eaqle County 4°/a 3% Qther 26% 30% 10 years or more 5 up to 10 years ,�,,p„� _ 8% 3 up to 5 years -_ �� �■ Vved in Eagle CouMy � Worked in Eagle Cour 2 up to 3 years w, qo 1 up to 2 years 6 manths up to 'i year � Less lhan 6 months , ��'� 0% 10°5 20% 30% 40% 50% 6D% Would you leave your empioymenf to work closer to fiome if similar/su"dable employmeni was available to you? °� Yes - I wouid leave my empioyment 51 % No - I wouid not leave my employment 49% Do you: Receive housinq assistance 1% Live in a deed-restricted residence 8% RRC ASSOCIATES, INC.; REES CONSULTING, �NC. 96 Appendix B- Census Profile and Trends _ DRAFT - EAG�E COUNTY HOUSING NEEDS ASSESSMENT 2007 Information from the 2000 Census wes reviewed for Eagle County as well as for each of the incorporated cities covered by this study. Decennial U.S. Census figures are based an actual counts of persons dwelling in U.S, residential stn�cfures. They include citizens, non-citizen legal residents, non-c�tizen long-term visitors, and illegal aliens. In recent censuses, estimates of uncounfed housed, homeless, and migratory pe�sons have been added to the directly reported figures. Census information provides a benchmark from which ofher information can be evaluated, in addifion to providing insights as to cammunity characteris6cs at the time of the census. 2000 Census Profile - Eagie Counfy For Eagle County, an evaluation of the Census information revealed the following: • 5easonaVrecreational use of homes in Eagle Counfy was about 27 percent, compared to the State at 4.0 percent. Overall, residents occupied about 69 percent of units in Eagle County. • As of the 2000 Census, roughly 59 percent of homes in Eagle County were multi-family units (condominiums, townhomes, apartments and duplex/tri-plexes). Only about 33 percent of the homes were single-family detached structures. Another 9 percent of units were comprised of mobilelmanufactured homes. • At the time of the Census, 64 percent of homes occupied as primary residences were owner- occupied. Owners have slightly larger househoids (2.8 auerage household size) compared 10 renters (2.7 persons). Not surprisingly, most owner-occupied homes in Eagle County were occupied by families (70 percent). In the US Census, families are defined as a householder living with one or more people related to him or her by birfh, marriage, or adoption. A relaGvely high percentage of renter occupied hornes (41 percent) are also occupied by families. • Residential development increased sign�canUyfrom 1970 to 1980, in keeping with the overail growth cycle of the state and has continued. Roughiy 22 percent of homes were built during this time and an estimated 41 percent of homes have been built from 1990 to 2000. • Tumover in the'county was fairiy high, wiih 30 percent of residents no6ng they had moved into their current residence in the 15 months preceding the 2000 Census. Due to the timing of the US Census (April 2000), it is expected the high tumover is partially due to seasonal woricforce condifions. • Eagle County has a sligh8y higher percentage of one-person renter households (25 percent) than owner households (19 percent). • At the time of the Census, the largest householder age group in Eagle County was 25 to 44 yrs (55 percent). A small percentage of households (5 percent) were headed by seniors (age 65+). This is low compared the State (16 percent). • About 7.3 percent of households were overcrowded in Eagle County as of the Census (defined as having 1.01 persons or more per room). This includes 11.5 percent of rentec households and 4.9 percent of owner households. Overcrowding may be slightly inflafed due to peak season employment periods. • The median income of owne�s at the time of the census was 1.5 times more ($73,138) than renters ($47,743). Renters were only slightly more likely to pay 30 percent or more of their income for housing (35 perceni) than owners (33 percent), Cost burden is generaliy a growing problem, as the RRC ASSOCIATES, INC.; REES CONSULTING, ING 98 DRAFT- EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 number of households paying more than 30 percent of their monfhly income for housing more than doubled beiween 1990 and 2000. In addition the percentage of casf-burdened households increased from 29 percent in 1990 to 34 percent in 2000. p Af the fime of the Census, the median value of single-family, owner-occupied homes was $369,100, an increase of over 170 percenf since 199D ($135,90D). Median contract rent increased 75 percent, from $544 in 1990 to $952 in 2000. in comparison, fhe median household income increased only 70 percent. These figures, along with increasing incidence of cost-burden, indicate that homes are confinuing to become less affordable to Eagle County households. • The median family income (as reported by HUD) increased 24 percent beiween 1999 ($64,33) and 2006 ($80,000). • Some importanf comparisons beiween Eagle and the State of Colorado are aiso worth noting: o The median value of all single-family homes in Eagle Counfy in 2000 ($363,100) was about 2.3 times higher fhan the state of Colorado as a whole ($160,100); o The median rent in Eagle County ($952) was 1.6 times higher than in the stafe of Colorado as a whole ($611) in 2000. o The median household income of Eagle County residents ($62,682) was only 1.3 times higher than in the state of Colorado as a whole ($47,203). Eagle County Compared to the State of Colorado; 2000 Census Times Higher than the State M�an Value Median Median � Me�an M�an Famiiy - Owner Mortgage Contract Rent Household Income Occupied (SF) income Source: 2000 Census On the foliowing pages, tabular summaries of US Census data are presented for reference purposes. Although dated, since the county is now seven yea�s beyond the census, fhe results provide a relative measure of demographics and household conditions at the tim� of the census. RRC ASSOCIATES, WC.; REES CONSULTING, INC. 99 �� 1 ( DRAFT- EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 RRC ASSOCIATES, WC.; REES CONSULTING, INC. 100 DRAFT' - FAGLE COUNTY HOUSING NEEDS ASSESSMENT 2D07 Population and Househoid Profile (2000) RRC ASSOCIATES, INC.; REES CONSUL7ING, INC: 101 , � DRAFf - EAGLE COUNTY.HOUSING NEEDS ASSESSMENT 2007 Eagle County, CO — Pop. 41,659 Housing Unit Estimates and Physical Characteristics RRC.ASSOCIATES, INC.; REES CONSULTING, INC. 102 DRAFI"- EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 UselTenure # % Housing Units 22,111 100.0% Occupied as primary home 15,148 66.5% Owneroccupied • 9,649 63.7% Renter occupied 5,499 36.3% Vacant ' 6,963 31.5% SeasonaUrecreational use 5,932 26.8% ` Percent oF occupied uniLs, not total uniLs. Occupancy Vacant 31% . ^'�:; :i;, 4��yi�;�.�_� .Owneroccupied ji:' �.� ���I'C!�;�� �3�:.-.tr"t''cvs.. 44% ��,iil'',�.�..� � �-�,-� "f'� , .`�,�.��.2 '= -'5�,�'.'°•,- '�4'�+`�. Renter occupied 25 % Overcrowding/Occupanfs per Room # % 1.00 or less 14,042 92.7% 1.01 to 1.50 552 3.6% 1.51 or more 554 3.7% Over�rowded 1,106 7.3% Kitchen and Plumbing Facil'�ies - Occupied Un'rfs # % Complete IGtchen 15,072 99.5% Compiete Plumbing 15,064 99.4% Incompiete K�tchen 76 0.5% Incomplete Piumbing 84 0.6"/0 Subsfandard Unifs 160 1.1 % Type of Neaf - Occupied Unifs # % Utility gas � 9,817 64.8% Bottled, tank, or LP gas 784 5.2% EleCtriCity 3,998 26.4% Wood 419 2.8% OtherfueVnone 130 0.9% Tvne of 5tructure # % Sing�e-Family 7,209 32.6% Multi-Family 12,842 56.1% Mobile Homes 2,045 9.2% Units in Struciure # % 1-unit, defached 7,209 32.6% 1-unit, attached 3,507 15.9% 2 unifs 694 3.1% 3 or4 uniLs 1,763 8.0% 5 to 9 units 2,3D7 10.4% 10 to 19 un�.s 1,765 8.0°/0 20 or more unifs 2,806 12.7°/a Mobile home 2,045 92% Boat, RV, van, etc. 15 �.1 % Year Structure Bui1t # °�a 1999 t0 MalCft 2000 1�446 6.5% 1995 to 199$ ; 3,781 17.1 % 1990 fo 1994 3,760 17.0% 1980 to 1989 5,9D6 26.7% 1970 to 1979 4,950 22.4% 1960 to 1969 1,176 5.3% 1940 to 1959 418 1.9% 1939 or eariier 674 3.0% Built since 1990 8,987 40.6% Year Moved Into Currenf Residence # % 1999 to Ma�Clt 2000 ' 4,508 29.8% 1995 to 1998 5,855 38.7% 199D to 1994 2,526 16.7% 1980 t01989 1�513 10.0% 1970 -1979 566 3.7% 1969 or earlier 180 1.2% RRC ASSOCIATES�INC.; REES CONSULTING, ItJC. 103 i( DRAFt - EAGLE GOUNTY HOUSING NEEDS ASSESSMENT 2007 RRC ASSOCIATES, INC.; REES CONSULTING, INC. 104 DRAFT - EAG�E COUNTY HOUSING NEEDS ASSESSMENT 2007 Household demographics RRC ASSOCIATES, INC.; REES CONSULTING, ItJC. 105 h � DRAF('- EAGLE COUNTY HOUSING NEEDS ASSESSMENT 20D7 Household 5ize 'Fotai Owners Renfcrs Avg. Persons/Unit 2.73 2.76 2.67 • Persons Per Unif Ovmers Renters # % � % 1-Person 1,810 18.8% 1,358 24.7% 2-person 3,402 35.3% 1,757 32.0% 3-person 1,697 17.6% 1,006 18.3% 4-person 1,663 17.2% 744 13.5% 5-person 647 6.7% 305 5.5% 6-person 225 2.3% 178 3.2% 7+person 205 2.1% 151 2.7°l0 Total 9,649 100.0% 5,499 100.0% Bedmoms Per Housin,q Unit # % No bedroom 547 2.5% 1 bedroom 2,157 9.8% 2 bedrooms 6,449 29.2% 3 bedrnoms 8,081 36.5°� 4 bedtooms 3,770 17.1% 5 or more bedrooms 1,107 5.0% Senior Househoids Age of Householder Owners � Renters Total 65 to 74 years 471 91 562 75 fo 84 years 162 41 203 85 years and over 28 12 40 Total 661 144 805 % of Households 6.9% 2.6% 5.3% Households with Chiidren # % Tot�l Households 15,148 100.0% With one or more persons <18 5,254 34.7% Married-coupie famity 4,144 27.4% Single parent family 1,031 6.8% Nonfamily househoids 79 0.5% Race/Ethnicity # % White 13,665 90.2% Black or Afican Amer. 35 02°/a Am. IndianlAlaska Native 87 0.6% Asian 108 0.7% Hawaiianl Pacific Islander 6 0.0°/a Some other race 1,002 6.6% Two or more �aces 245 1.6% Hispanic or Latino 2,181 14.4% Household Type Owners Renters Total % Total 9,649 5,499 15,148 100.0°/v FamBy households 6,740 2,280 9,020 59.5% Married-coupie , 5,960 1,621 7,581 50.0% Male householded no wife 301 297 598 3.9% Female householded no 479 362 841 5.6% husband Nonfamily households 2,909 3,219 6,128 40.5% Male householder 1,723 2,088 3,811 25.2% Living alone 1,053 848 1,901 125% Not living alone 670 1,24D 1,910 72.6% Female househoider 1,186 1,131 2,317 15.3% Living alone 757 510 1,267 8.4% Not living alone 429 621 1,05D 6.9°/p Age Distribution Age of Householder Owners Renters Total % 15 to 24 years 189 918 1,107 7.3% 25 to 34 years 1,843 2,221 4,D64 26.8°% 35 to 44 years 3,035 1,220 4,255 28.1% 45 to 54 years 2,641 763 3,404 22.5% 55 to 64 years 1,280 233 1,513 10.0°/a 65 to 74 years 471 91 562' 37% 75 to 84 years 162 41 203 1.3°k 85 years and over 28 12 AO 0.3% RRC ASSOCIATES, INC.; REES CONSULTING, INC. 106 ; , DRAFT- EAGLE COUN'fl' HOUSING NEEDS ASSESSMENT2007 tncome, Housing Costs and Affordability 1999 Median /ncomes Median in 9999 Household Income $62,6B2 Owner Households $73,138 Renter Househoids $47,743 Family Income $66,226 Per Capita Income $32,011 Chan,qe - Median Family Income, 1999 -2006 (HUD) 1999 2006 % Change $64,333 $80,000 24.4% lncome Distribution Owners Renter Total % Less than $5,000 77 165 242 1.6°/a $5,000 t0 $9,999' 121 147 268 1.8% $10,OOD to $14,999 144 ?20 364 2.4% $15,000 to $19,999 1Tl 184 361 2.4% $2D,000 to $24,999 279 362 641 42% $25,ODD tD $34,999 545 813 1358 9.0% $35,000 to $49,999 1290 953 2243 14.8% $5D,ODD fo $74,999 2333 14�7 3740 24.7% $75,000 to $99,999 1718 652 237D 15.6% $100,OOD-$149,999 1657 407 2064 13.6% $150,000 or more 1314 183 1497 9.9% Percent oflncome Spent on Housing Owners Rerders Total <15%a 1646 938 2,584 15 f019% 6$9 763 1,452 20 to 24% 771 900 1,671 25 to 29% 649 623 1,272 3D to 34% 491 369 88D 35+% 1,387 1,478 2,865 Not computed 8 311 319 °!o Cast Burclened 33.3% 34.6% 33.9% # Gost Burdened 1,878 1,867 3,745 Median Nousing PriceslCosis 2000 Value - Owner Occupied (Sh� $369,100 Value - Owner Occupied (all) $300,900 MorEgage $1;791 6ross Rent $1,D07 Confracf Rent $952 Value of Owner-Occupied Units SF # SF % Less than $50,ODD 21 0.4°/0 $50,000 to $99,999 79 1.4% $100,000 to $149,999 113 2.0% $150,000 to $199,999 274 4.9% $200,000 to $299,999 1329 23.6% $300,000 to $499,999 2333 41.4% $500,000 to $999,999 1054 18.7% $7,00O,OOD or more 438 7.8% Mortgage Amount SF # Sf % Less than $3D0 0 0.0% $3QD to $499 25 0.4% $50D to $699 65 1.2% $700 fo $999 341 6.0% $1,OOD to $1,499 1,213 21.5% $1,500 to $1,999 1,181 20.9% $2,000 or more 1,837 32.6% With a mortgage 4,662 82.6% Not morfgaged 979 17.4% Gross Rerit # % Less than $200 49 0.9% $20D to $299 8D 1.5% $300 to $499 � 413 7.6% $50D to $749 1,034 19.1% $750 to $999 965 17.9% $1,OD0 to $1,499 . 1,831 33.9% $1,500 0� mofe 774 14.3% No cash rent 256 4.7% RRC ASSOCIATES, INC.; REES CONSULTING, INC. 107 �:; , �. � DRAFf - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 Trends and Comparisons 199D 2000 % Chattge Populafion 21,928 41,659 90.0% Housing Units & Househoids # Housing Units 15,226 22,111 45.2% # Occupied Housing Units 8,354 15,148 81.3% RecreationaVOccasional 5,138 5,932 15.5% Total Vacant 6,872 6,963 1.3% Homeownership Rate 57.5%a . 63.7% 10.8% Household Size Renters 2.42 2.67 10.3% Uwners 2.75 2.76 0.4% Overcrowded Unifs 411 1,106 169.1% Affordabil'�ty • Cost Burdene8 Househalds # 1,755 3,745 113.4% Cost Burdened Households % 29.2% 33.9% 16.1% Average incomes Household Income $36,931 $62,682 69.7% Family Income $41,183 $68,226 65.7% Per Capita income $18,202 $32,011 75.9% Average Nousing Cosis Contract Rent $544 $952 75.0% Value—OumerOccupied $135,900 $369,100 171.6% Martgage Pmi $1,031 $1,791 73.7% Owner Occupied Un'�ts RenterUccapied Units Median Value— Owner Occupied (S� ' Median Mortgage (SF) Median Contract Rent Median Household Income Median Family Income Change in Household lncome, 1990 - 2000 % Cost Burdened 8pry,+ m si-eo% � m � � a si-so% aso% o% 20% 40% so% eosc � Peroent ot Households Eagle Caunfy % /ncrease,1990 & 2000 to State of Colorado State of ( 32.7% 1 Household CantradRe�rt Value— Mortgage �ncome Owner Pmt Ocwpfed 100 Growth Rate,199D - 20D0 22.4% 45.2% RRC ASSOCIATES, INC.; REES CONSULTING, INC. 108 DRAFT - FAGLE COUNTY HOU5ING NEEDS ASSESSMENT 2007 2000 Census-Community Highlights A comparison of the housing characteristics and demographics for each community was prepared using the 2000 Census. Notable observations among the communities inciude: ■ The three communities with the highest percentage of single family structures are Redcliff (78 percent), Gypsum (63 percent) and EI Jebel (59 percent). Correspondingly, the two communities with fhe lowest percentage of singie-family sfructures are Avon (9 percent) and Vail (12 percent), which also have the highest percentage of mulfi-family structures (83 and 88 percent respectively). ■ The communities with the largest percentage of units constructed between 1995 and March 2000 are Edwards (42 percent), Gypsum (36 percent) and Eagle (34 percent). Red Ciiff (3 percent) and Vail (8 percent) had the lowest percentage of units consfnicted during that same time period. Significantly, Vail, between 1990 and 2000, saw a decrease in housing units from 6,102 in 1990 to 5,389 in 2000 (-11.7 percent). One explanation for this decrease is the conversion of large multi- unit sUuctures, generally 20 units or more, into single-family residences and structures with between 3 and 9 units. � The'communifies with the largest percentage of units consfructed beiween 1995 and March 2000 are Edwards (42 percent), Gypsum (36 percent) and Eagle (34 percent). Red Ciiff (3 percent) and Vail (8 percent) had the lowest percentage of units constructed during that same time period. ■ The largest percentage of owner occupied homes were in EI Jebel (80.3 percenf), Gypsum (75.7 percent) and Edwards (72.5 percent). On the other hand, the communities with the highest percentage of renfer occupied units were Avon (52:7 percent}, Mintum (48.6 percent) and Vail .(47.7 percent}. Vail, by a large margin, also had the highest percentage of vacation/second • homeowner units (59.8 percent). The next closest in percentage to Vail is Edwards at 27.9 perceni vacati�nlsecond homeowner units. � The communities with the largest percentage of married coupies with children were Gypsum (44 percent), EI Jebel (40 percent) and Eagie (37 percent). Vail (32 percent) and Avon (27 percent) had the highest percentage of households living with non-related roommates. ■ The communities with the highest median household income are Edwards ($70,869), Basalt ($67,200) and Eagle ($62,750). These do not necessarily correspond to the median single-family home prices, where Eagle's is among the three lowest median home prices ($278,400). Vail has the highesf inedian home price ($575,000) with Edwards ($487,900) and Eagle ($417,400j following. ■ Avon, of ail the communities, has the highest percentage of overcrowded units (16 percent) and the highest percentage of cost-burdened househoids (42 percent). RRC ASSOCIATES, INC.; REES CONSUL.TING, INC. 109 J � .. li DRAFT - EAGLE COUNTY HOUSING NEEDS ASSESSMENT 2007 Description Eagle Avon BasafE Eagle Edwa�ds EI Jebel Gypsum Mintum Red Cliff Vail County PopulaEion 41,659 5,561 2,681 3,032 8,257 4,488 3,654 1,068 289. 4,531 Housing Un'rts Wousing Units 1990 15,226 1,344 507 624 N/A 921 642 434 98 6,102 Housing Units 2000 22,111 2,557 1,218 1,116 3,953 1,483 1,210 448 122 5,386 %Change 1990 to 45.2% 90.3% 140.2% 78.8% N/A 61.1% 88.5% 3.2% 24.5% -11.7% 2000 Tenure Occupied as primary 15,148 1,890 1,052 1,064 2,852 1,433 1,15D 399 1�9 2,165 Home Owner Occupied 63.7% 47.3% 67.5% 63.4°/a 72.5°/a 80.3%0 75.7% 51.4% 67.9% 52.3% Reote!' OCCUpied 36.3% 52.7% 32.5% 36.6% 27.5% 19.7% 24.3% 48.6% 32.1 % 47.7% Vacant 31.5% 26.1% 13.6% 4.7% 27.9% 3.4% 5.0% 10.9% 10.7% 59.8% Type Single-family 33% 9% 45% 49% 37% 59% 63% 57% 78% 12% . Multi-family 58% 83% 49% 44% 51% 9% 18% 20% 8% 88% Mobilehomes 9% 8% 5% 7% 11% 33% 19% 22% 14% 0% QfhE(' 0% 0% 0% 0% 0% 0% 0% 1% 0% 0% Year Structure Built Total Units 1995 to Match 2000 24% 29% 30% 34% 42% 20% 36% , 15% 3% 8% 1990 to 1994 17°/n 27% 25% 12% 28% 25% 12% 6% 2% 6% 1980to1989 27% 29% 23% 17% 22% 31% 23% 6% 5% 26% 1970to1979 22% 14% 7% 15% 5% 19% 15% 18% 26% 49% 1960to1969 5% 1% 7% 5% 3% 4% 3% 14% 5% 10% 1940 to 1959 2% 0°/a 4%. 8% 0% 1% 2% 17% 7% 0% • 1939 or eatlier 3% 0% 4% 9% 0% 0% 8% . 24% 52% 0% Year Moved to � Current Residence . 1995 to March 2000 68% 81% 72% 67% 77% 51% 67% 59% 47% 64% . 1990to1994 17% 15% 18% 14% 16% 26% 15% 10% 5% 18% 1980 to 1989 10% 4% 7% 9"/0 5% 17% 13% 12% 8% 11% 1970to1979 4% 0% 2% 7.% 2% 5% 3% 8% 15% 6% 1969oreadier 1% 0% 0% 2% 0% 1% 1% 11% 24% 1°/n Avg. Persons per Unit Total 2.73 2.81 2.55 280 2.89 3.12 3.17 2.68 2.65 2.09 Owner househoids 2.76 2.64 2.61 2.89 2.89 3.06 . 3.15 2.80 2.45 2.07 Renter househoids 2.67 2.95 2.42 2.66 2.91 3.36 3.23 2.55 3.09 211 RRC ASSOCIATES, INC.; REES CONSULTING, INC. 110, DRAFT - EAG�E COUNTY HOUSING NEEDS ASSESSMENT 2007 Descrip�ion Eagle Avon Basalt Eagle Edwards EI Jebel Gypsum Minturn Red Cliff Vaii County . Persons per Units ' 1-person 21% 21% 24% 21% 18% 14% 12% 20% 23% 33% 2-pet5ons 34% 32% 34% 3D% 35% 29% 29% 36% 29% 41% 3-persons 18% 18% 18% 17% 17% 20% 20% 17% 22% 14% 4persons 16°/a 14% 16% 20% 16% 20% 21% 15% 1"5% 8°/a 5+pet50ltS 11% 14% 8% 12% 14% 16% 17% 12% 11% 3% Bedrooms per Unit � None 2% 3% 2% 3% 2% 1% D% 5% 2% 4% 1-bedroom 10% 17% 9% 13% 4% 4% 0% 9% 11% 13% 2-bedrooms 29% 41% 33% 18% 24% 18% 0% 31% 41% 37% 3-bedrooms 37% 27% 34% 48% 37% 55% 0% 40% 37% 28% 4+bedrooms 22% . 13% 21% 19°/a 33% 21% 0% 14% 10% . 18% Household Type 5enior Headed HOUSeholds (ege 65+) 5% 3% 5% 9% 5% 5% 4% 8% 18% 7% Married coupie with chlld�ell . 27% 22% 27% 37% 31% 40% 44% 25% 24% 10% Married couple without childre� 23% 18% 23% 22% 26% 21% 25% 24% 26% 20% Singleparent 9% 12% 11% 11% 10% 13% 11% 13% 14% 5% Living alone . 21% 21% 24% 21% 18% 14% 12°/a 2D% 23% 33% Othernon-family 20% 27% 15% 9% 16% 11% 8% 19% 14% 32% House6old Income Median Household Income $62,682 $56,921 $67,2D0 $62,750 $70,869 $60,685 $59,671 $51,736 $50,104 $56,680 Home Vafue Median Value (Own, � SF) $369,100 $373,000 $417,400 $278,400 $487,900 $335,600 $234,500 $312,700 $180,40D $575,000 Median (Uwn, ALL) $3D0,900 $230,200 $379,900 $265,500 $373,8DD $263,400 $222,40D $289,000 $170,800 $340,900 MorEgage Median Morfgage $1,791 $2,037 $1,750 $1,551 $2,300 $1,657 $1,401 $1,635 $967 $1,901 Contraci Rent Median $952 $954 $1,159 $738 $1,057 $1,027 $785 $734 $1,053 $9D4 RacelEthnicity Whlte 902% 80.3% 94.6% 91.0% 89.7% 92.2% $6.1% 87.2% 66.1% 95.4% Biack or African Amer. 02% 0.7% 0.1 % D.3% 0.2% �0.0% 0.3% 0.3% 0.9% 0.1 % Hispanic or Latino 14.4% 26.2% 7.1% 11.7% 14.7% 18.7% 22.9% 36.3% 51.4% 4.2% Some other tace 9.6% 19.0% 5.3% 8.7% 10.1 % 7.8% 13.7% 12.5% 33.0% 4.5% RRC ASSOCIATES, INC.; REES CONSULTING, INC: 111 �i'1. �� �''�! r DRAFf - EAGLE COUNTY HOU5ING NEEDS ASSESSMENT 2007 Qescription Eagle Avon Basaft Eagls Edwards EI Jebel Gypsum Minturn Red Cliff Vail County Percent AMI <3D% 7% 10% 7°to 4% 4% 7% 5% 9% 12% 7% 30 to 50% 9% 13% 7% . 7% 10% 9% 10% 16% 6% 10% 50.1 to SO% 14% 14% 14% 7% 12°l0 18% 15% 19% 22% 14% 80.1 to 100% 16% 15% 13% 16% 12% 20% 25% 14% 20% 17% 100.1 to 120% 13% 14% 9% 17% 12% 12% 13% , 11% 25% 13% 120.1%to 140% 9% 6% 14% 12% 10% 10% 12% 8% 6% 8% Over140% 32% 27% 37% 37% 40% 24% 20% 22°/a 9% 32% Housing Probiems Overcrowded units (#) 1,106 Overcrowded units (%) 7% Substandard un�ts (� 160 Substanda�d units (°la) 1% Cost-burdened (30%or more for housing) (#) 3,745 Cost-bu�lened (30%or ' more for housing) (%) 34% 285 65 �6% 6% 9 9 0°/a 1% 552 314 42% 39% 72 7% 5 �% 218 25% 181 6% 10 �% 731 36% 129 9% 0 �% 345 36% 108 9% 19 2% 305 34% 30 7°/Q 4 1% 101 30% 7 82 6% 4% 10 28 9% 1% 24 517 25% 33% RRC ASSOCIATES, INC.; REES CONSULTING, INC. • ��2 Eagle County Housing Needs Assessment July, 1999 Sponsored by: Eagle County Town of Eagle Town of Vail Vail Resorts, lnc. Prepared by: Rees Consuiting, Inc. � Attacromen� � � `I i� i_ ; I ,,, Eagle County Housing Needs Assessment 1999 Table of Contents INTRODUCTION ................................................................. ................................... i PURPOSEOF THE STUDY .............................................................................................................................. 1 ORGAN12A770N OF THE R.EPORT .................................................................................................................. 2 METHODOLOGY AND SOURCES USED .......................................................................................................... 3 Household Survey — Distribution, Response Rate and Representation .................................................. 3 EmployerSurvey ..................................................................................................................................... S CommuterSurvey ................................................................................................................................... 6 OtherData Sources ................................................................................................................................ 6 DEFINITIONSUSED ...................................................................................................................................... 6 SECTION 1-- POPULATION AND DEMOGRAPHICS ......................................................................... 8 NUMBER OF PERSONS AND HOUSEHOLDS .................................................................................................... S POPULA7'ION DIS?RIBU7"ION ........................................................................................................................ 9 POPULATION TRENDS .................................................................................................................................. 9 COMMUNI7YCOMPARISONS ...................................................................................................................... 12 AGE................................................... ............................................................................. ........................... 13 GEtaDER........................................................................................................................................ ............. I 3 H011SEHOLDSlZE .....................................................................................................•••.............................. 14 HOUSEHOLDCOMPOSITION ....................................................................................................................... 14 CHILDREN ITJ HOUSEHOLDS ....................................................................................................................... 18 INCOMES................................................................................................................................................... 18 NouseholdIncome ................................................................................................................................ 18 IndividualIncomes ............................................................................................................................... 22 LENGTHOF RESIDENCY ............................................................................................................................. 24 Years Lived/Worked in Counry ...................•••....................................................................................... 24 SECTION 2 — EMPLOYMENT ............................................................................................................... 27 EMPLOYMENTSTATUS .............................................................................................................................. 27 NUMBER OF JOBS AND EMPLOYEES ........................................................................................................... 29 JOB GROWTH COMPARED TO POPULA?ION GROWTH ................................................................................ 30 EMPLOYMENT BY INDUS'fRJAL SECTOR ..................................................................................................... 3 I NUMBER OF JOBS HELD BY EMPLOYEES .........................................................:......................................... 33 HOURS WORKED PER WEEK ..........................................................................................................•.•••...... 35 SEASONAL FLUCTUA'I70N IN EMPLOYMENT .............................................................................................. 35 LOCAT1oNoF WOrtx ...................:............................................................................................................. 36 LENGTH OF T[ME tN BUSTNESS .................................................................................................................. 3$ EMPLOYER PERCEPTION OF EMPLOYEE HOUSING PROBLEMS ................................................................... 38 UNFILLEDJOBS ......................................................................................................................................... 39 10BGROWTH OVER T7ME .......................................................................................................................... 41 PROJECTED GROWTH ............................................................:....................:............................................... 43 JoB:SPACE RATIOS .................................................................................................................................... 43 SECTION 3 — COMMtJTING .................................................................................................................. 45. IrrrER•Cotn,rrY Co�uTrNC .................................................................................................................... 45 IMO-COUN7Y COMMUTING ...................................................................................................................... 47 WHERECOMMUTERS LIVE ........................................................................................................................ 48 WHE1tECOMMUTERS WORK ..................................................................................................................... 49 WHERE COMMUTERS WOltic ..................................................................................................................... 49 DESCRIPTION OF COMiv1U'tER HOUSING ........................................................:............................................ 50 UnitType .............................................................................................................................................. SO 'I`YPE OF HOUSING IN WHICH COMMU7'ERS LIVE ....................................................................................... 50 Housing Costs and Number of Bedrooms .................................................................:........................... SO Rees Consulting, Inc. __ Eagle County Housing Needs Assessment i�:�� T�•rur� ..................................................................................................................................................... st HOUSEHOLDCOMPOSiTION ....................................................................................................................... 51 HOUSEHOLDCOMPOSITION ....................................................................................................................... 52 COMMUTINGPATTERN3 ............................................................................................................................ 54 SOURCES OF INCOME ................................................................................................................................. 55 PRIMARY SOURCE OF INCOME - ON-SITE AND LEADVILLE COMPARED .................................................... 56 CoMMtITERJOSS ....................................................................................................................................... 56 TYPE OF JOB •- COMMUTERS OVERALL ..................................................................................................... 56 SECTION 4-- HOUSING INVENTORY AND MARKET CONDITIONS .......................................... 59 NUMBEROF UNITS .................................................................................................................................... 59 'I'ENURE ..................................................................................................................................................... 60 UNITTYPE ................................................................................................................................................. 61 UNIT TYPE AND OCCUPANCY COMPARED ................................................................................................. 63 NUMBER OF BEDROOMS ............................................................................................................................ 64 BAT}iKOOM3 .............................................................................................................................................. 65 Hous1NGCosTS ........................................................................................................................................ 66 LOCAT�oN ................................................................................................................................................. 69 SECTION 5-- HOUSING PROBLEMS ................................................................................................... �2 AFFORDAB]LI7Y ........................................................................................................................................ 72 Avn1t,ABILI7Y ........................................................................................................................................... 74 Rentals.••.-••••••-•• .....................................................................................................................••••-••........ 74 ForSale ........................:.......................................�---............................................................................ 76 SATISFACTION........................................................................................................................................... 77 OVERCROWDING....................................................••-................................................................................ 82 PROBLEMS FACING RENTERS .................................................................................................................... 82 Rentalsfor Sale ..................................................................................................................................... 82 LeaseTerms .......................................................................................................................................... 83 IMPEDIMENTS TO OWNERSHIP ................................................................................................................... 84 SECTION 6- SOLUTIONS AND OPPORTUNITIES .......................................................................... 86 HOMEOWNERSki1P OPPORTUNt7'IES ............................................................................................................ 86 Renters.................................................................................................................................................. &6 CurrentHomeowners ............................................................................................................................ 88 DEEDRESTRICTIONS ................................................................................................................................. 89 TItADEOFFS .............................................................................................................................................. 93 EMPLOYEE HOUSING ALTERNATlVES .............................................................................................••-........ 96 WHERE NOUSING SNOULD BE BllILT ........................................................................................................ 97 RESPONSIBILITY fiOR AFFORDABLE HOUSING ........................................................................................... 98 EMPLOYER PAR"T7CIPA770N IN HOUSING SOLIJ'I10NS ................................................................................. 99 EMPLOYERS' SUPPORT FOR DEVELOPMENT OF EMPLOYEE HOUSING ....................................................... 99 EMPLOYER SUPPORT FOR REGIONAL, COIJNTY-W1DE APPROACHES ....................................................... 100 SECTION7 — DESIGN ...........................................................................................................................102 UNtT1't'PE ............................................................................................................................................:.. 102 NUMBEROF BEDROOMS .......................................................................................................................... 104 AMENIT1ES.............................................................................................................................................. 104 NEIGHBORHOODS.................................................................................................................................... 1 OS LOCATlON CONSIDERATIONS ...........................................................................................................:...... 105 SiteIssues ..............:...........:................:............................................................................................... 105 NeighborIssues .................................:................................................................................................ 106 VALUEOF DESIGN OPTIONS .........................................................................................••••-••.................... 107 Rees Consulting, Inc. __ i � Eagle County Housing Needs Assessment 1999 i SECTION8— TRENDS ANALYSIS ...................................................................................................... 108 INCOMELEVELS ...................................................................................................................................... 108 HOUSINGCOSTS ...................................................................................................................................... 108 AGE......................................................................................................................................................... ] 09 CHILDREN............................................................................................................................................... 109 SATISFAC'TION WITH HOUSING ................................................................................................................ 109 H011SINGAFFORDABILITY ....................................................................................................................... 1 10 SECTION 9-- CONCLUSIONS AND RECOMMENDATIONS ll2 POPULATION............................................................................................................................................ 1 12 EMPLOYMEM......................................................................................................................................... I l2 COMMUTtNG............................................................................................................................................ i I3 H011SINGSUPPLY AND COSTS ................................................................................................................. 1 I 3 HOUSINGAFFORDABILITY ....................................................................................................................... ] l4 Av,�I t.AB t L tTY ......................................................................... ................................................................ 1 I 4 RENTERPROBLEMS ................................................................................................................................. l 14 OVERCROWDING..................................................................................................................................... 1 I S SA7ISFACTION......................................................................................................................................... 115 SUGGESTIONS.......................................................................................................................................... 1 15 Rees Consulting, Inc. Eagle County Housing Needs Assessment r�� • Purpose of the Study , � Local governments in Eagie County sponsored this county-wide Housing Needs Assessment in order to better understand current housing probiems and to provide ; � information that can be used to address identified needs. This is the first study of its ; , type undertaken since 1990. This report provides information on the demographics of the county's population, their housing needs, the impact that housing has on employers, and the opinions that both employers and residents have about housing. This information may be used to: • Develop new public policies and programs related to housing; • Facilitate the private sector's development of affordable community housing by the provision of market data that can be used to appropriately design, and acquire financing for, residential projects; e Develop recommendations for the allocation of public resources for housing development; • Plan for future housing impacts connected with anticipated growth; • Monitor the effectiveness of housing programs and projecfs that mighf be initiafed; and, • Undertake various other planning-related projects that can benefit frorn the availability of up-to-date demographic data. ... While there are many uses for this report, it does not address all of the potential needs � for information at a level that is sufficiently detailed and specific for certain uses. The I! ' data generated by the surveys used in this study can be utilized in the future, however, ; when more in-depth information is required than is presented herein. For example, this i', repo�t identifies and quant'ifies housing problems. It provides guidance needed to conceptually plan housing projects and programs to address these identified needs. It i; does not, hawever, provide all of the information that would be desirable to have when , � finalizing designs for the construction of specific projects. When residential projects are being planned in the future, data generated as part of this study can be extrapolated to prepare site- and project-specific market analysis reports with detailed design � � recommendations. , Rees Consulting, �nc. Page 1 I Eagle County Housing Needs Assessment 1999 Organization of the Report This report is divided into nine sections. Each section begins with an introduction to the items covered as presented below: • Population and Demographics - Items covered include household and individual population estimates, population distribution throughout the county, age, gender, marital status, household size, household composition, and income. • Employment tnformation - Information an the number of jobs in Eagle County, job growth over the past four years, seasonality in employment, occupations, work patterns, and job generation ratios is provided. � Commuting — Focus is given to place of employment and commuting patterns to understand the demand on housing generated by persons currently living outside of Eagle County. • Housing lnventory and Markef Conditions - This section includes estimates of the total number of residential units by area, the number of housing units occupied by local residents, types of unit, location, occupancy (owner as compared to renter), and costs. • Housing Problems — Quantitative estimates on housing problems are provided including number of persons dissatisfied with their current housing, number of households who are burdened by high housing costs, number of units that are overcrowded, and availability of for-sale and for-rent units. • Solufions and Opportunities — Findings from questions on who should be responsible for housing, where it should be built and what type of units should be developed are provided. Opinions about alternative housing aRangements including co-housing and shared housing opportunities are presented. • Housing Design - This section Provides information on amenities, design features, location, number of bedrooms, and unit type desired. • Trends Analysis — A comparison of key findings from the current study to the 1990 Housing Needs Assessment prepared by RRC Associates. a Conclusions and Recommendations. The study covers all of Eagle County except the portion in the Roaring Fork Valley. When the term "Eagle County" is used in tables, graphs and text in this report, it refers to the study area exclusive of Basalt and adjacent areas in the Roaring Fork Valley. Some Rees Consulting, Inc. Page 2 i � Eagle County Housing Needs Assessment 1999 of the secondary information referenced in this report, such as employment data, covers the entire county, however. When this information is referenced, it is so indicated by use of the term "Eagie County as a whole°. Information on all tapics is provided for the entire portion of Eagle County covered by the study and for three sub-areas or regions. These areas are: 1. The Vail area; 2. Mid valley which encompasses Red Cliff, Minturn, Eagle-Vail, Avon, Beaver Creek, Edwards, Singletree and adjacent rural areas; and, 3. Down valley which includes Eagle, Gypsum, Dotsero, Wolcott and adjacent rural areas. � Several times in this report the term "naral" is used to denote unincorporated areas not within defined communities. Though the entire county could be considered rural in comparison to metropolitan areas, the term rural as used in this report refers only to I areas outside of incorporated and unincorporated communities. Methodology and Sources Used Surveys were used as the principal source of information on housing conditions and needs. This project involved surveys of households and both private and public-sector employers. Unless otherwise referenced, all information presented in this report is generated from survey responses. Sunrey responses are presented in tables and graphs. These responses may occasionally total 99% or 101 % due to rounding. Household Survey— Distribufion, Response Rate and Representation The household survey was distributed to 3,600 homes in the county that are occupied by residents of Eagle County. Distribution was based on estimates of the number of units occupied as primary residences generated by staff in each of the involved jurisdictions. The surveys were distributed by hanging them on the doors of individual housing units over a pe�iod of five days from February 25 through March 2, 1999. With extensive local publicity about the survey, a total of 794 valid surveys were returned for a response rate of 22%. The survey was designed to obtain descriptive information on each household and demographic information on up to three adult members of each household. Complete information was received on 1,046 adults. Rees Consulting, Inc. Page 3 Eagle County Housing Needs Assessment 1999 Overall, surveys were obtained from 7.46% of the study area's households. The sample � generated from these surveys is adequate for statisticaily valid tabulations on a county- wide basis and for the three sub-areas in which the study area has been divided (Vail, , mid vailey and down valley). � Representation of each community in the sample is similar to the distribution of households. The Town of Eagle is slightly over-represented while the unincorporated area is somewhat under-represented yet the discrepancy is not sufficient to be of concern. Survey Distribution and Response Rate Y^�vtkR" ..A'^.vC"�'f""^""ci , � . m Jz' �}s. . _ _ ..... ...,;:- [ . . ..�,. ._. . , ._ . . ., . �����`���:� �F �� � � � �w; � Pnmary '" ' % Sunieys � % Sunreys � # Returned � �'e,^,�� � _ �' r ' : . . �,�,,,.. :.�� .��.��'��.r �" ��,,,.��.. ���;�_Homes�y`.�: �" , Distr►buted Returned . _..... ` .. .._� .. _ _,i.., k..- .. ... . .... . .. �.. ........._..... .....� _ .... 5:.... Vail 2,048 19.2 16.1 128 a�a.v�r�-•r+-.ri � v� i. .tuxg t.�i,�tulNRed ClrFf �. � , 406 s._ .._ _ ...__.�. 4:7.....,... . __..._ ._. _.5.�.�,.�_. ._....�.....,..41....�.... ...�. , .,,,�._�...�;,,.�.: i:::.j�.:::e,,..�...�._....__.. . .•.. ._ Avon 1,462 13.7 14.2 113 �r�Eagle ��'�.�t�.�..�.w.,.:..,� ���,: ' .�.,�.,060.. r. _.. ._....�>10.0..�..�.. .__,18.6 ._ ._ ..._.__ 148... :. Gypsum 1,175 11.0 10.8 86 ��lJnincorporatedtt��� �� �,��'5 _ � .4 399 � ' r 41.4 � �' . 35 0 ;,r^.' �, _ . _ 278 . ; . .� .:..�. _...x....,,.__ _�� �,.� ..�f . . � Total — Study Area 10,649 100% 100% 794 It appears that renters are under-represented in the survey sample. Of the 794 surveys returned, 79% were from homeowners who reside in their homes, 1% were from persons who live in units owned by their parents, and 20% were from renters. It is very unlikely that the homeownership rate in the market area increased from 54.2% in 1990 (Census estimate) to 79% by 1999. The homeownership rate increased state wide during this period but not to the degree that the sunrey data suggest. In order to compensate for the under-representation of renters, the following steps have been taken: • The estimate of the number of renter-occupied and owner-occupied units within the study area has been based on a homeownership rate of 60%. This figure was derived by applying the state wide increase in the homeownership rate to the 1990 Census estimate; and, • Statistical tabulations have been presented separately for owners and renters; when overall findings appear to be skewed because responses differ between owners and renters, it has been so noted in the report. Rees Consulting, Inc. Page 4 � � Eagle County Housing Needs Assessment � 999 Employer Sunrey Employers were surveyed to determine the extent to which housing availability and high costs of housing are impacting empioyment. The survey covered current and projected employment, the willingness to assist with the provision of housing for their employees, the design of employer-assisted housing programs, and the number of jobs associated with new development. Forty-two employers were surveyed in March to obtain a representative sample of both private and public-sector employers. The employers interviewed employ 3,763 year- round employees and 5,788 winter seasonal employees for a total of 9,551 employees at peak season. Persons Employed by Participating Employers c..f-f,-, .�x.: '-�=,�' ��� � �- ` Full Time (rsa&,�y:'�"'�'���' �{, �aJ �1 r,- N���� F �' . C}��!.:f'Lf'ii�.'+��'....tF _G..'.�s'..N� �.�.,,.,.'�.'t'.:s� r-..�.i?Cw.:•w:.YL_a��:...;,... .. .. . .... . .. Year Round 3,422 �Summer Seasonal�;�„a.� . '_ , , � 1,052 Winter Seasonal 4,060 };E'±eak Pyeriod Total„(Yrr1 Round &_ Winter) „ 7,482 Part Time ` �='Tofa1.-.'.� . . . . ... .. .. ....... 341 3,763 310 : ` - 1,362 1,728 5,788 ' 2,069 .�:. �::.9,551 . As shown by the following graph, all major types of businesses are represented by the survey. Constdtrades 27% Rees Consulting, lnc. Types of Businesses Surveyed ear/restaurant 10% R eGattradions/amuse. . . . . • . �, ,�,,� �, �;, - ....-,... x����'�`-"'.�}�~..:.��,� ��,��� - .. _ A 2% — GoVt Real estate 12% 5% __ _ Commercial services 2% Profl senrices 14% Page 5 Eagle County Housing Needs Assessment 1999 Commuter Survey Information about commuters was obtained through two intercept surveys, one of commuters working in Eagle County conducted at their place of employment (referred to in this report as °On-site Commuters") and the other of commuters living in Leadvilie. A total of 313 responses were received from 66 persons on their job sites in Eagle County and 247 Leadville �esidents who commute to work in Eagle County. Ofher Data Sources Multiple sources of published information were used in the preparation of this report including: • Population and housing unit estimates for July 1997 from the State Demographer's Office; • Apartment vacancy rates from the Colorado Division of Housing and the Eagle County Housing Division; • Employment estimates from the Colo�ado Department of Labor and Employment and the US Bureau of Economic Analysis (1990 through 1996); and, • Real estate sales and listings from the Vail Board of Realtors Multiple Listing Service. When these sources are references, it is so noted in the text or adjacent to the table or graph containing the referenced information. If no notation appears, the source is one of the surveys conducted as part of this study. Definitions Used Housing Supply - units that are occupied by local residents or, if currently vacant, likely to be leased or sold to local residents. Differs from the inventory of total residential units in that it excludes units used for occasional or recreational use. Cost Burden - when a housek�old or individual spends more than 30% of gross income on rent or mortgage payments. Affordable Comrnunity Housing - when housing is occupied by local residents and the amount they spend on rent or mortgage payments (excluding utilities) does not exceed 30% of their income. There is no single amount that is "affordable°. The term is not synonymous with low-income housing; households in lower through middle-income ranges tend to have affordability problems in high-cost communities. Under most Rees Consulting, Inc. Page 6 , Eagle County Housing Needs Assessment 1999 Federal rental programs for low-income housing, occupanfs pay 30% of their gross income for rent and utilities. Primary Homes - residential units that are occupied the majority of the year and serve as the occupanYs primary residence, and are thus cansidered pa�t of the housing supply ;; (see previous definition). Units can be occupied by different households during the year if, for example, they are lived in by seasonal employees. ! Substandard Housing - a unit fhat lacks complete kitchen and/or plumbing facilities. ' Mean - the average of a group of numbers. It is obtained by adding all the data values '' and dividing by the number of items. i j Median — the middle point in a data set. Rees Consulting, Inc. Page 7 Eagle County Housing Needs Assessment 1999 � ..�. � � ,�, • This section of the report provides the context for informaiion presented later in this document on housing conditions and needs. it describes the residents of the study area portion of Eagle County, including their numbers and characteristics. The foilowing specific topics are covered: • Number of persons and households; • Population trends and community comparisons; • Age distribution; • Gender; • Household size and composition; • Children in households; • Household and individual incomes; and, o Length of residency. Number of Persons and Households Approximately 28,436 people now live in 10,649 households in the portion of Eagle County that is the subject of this report. Estimated population figures were derived by multiplying locally-generated and Sta►e Demographer estimates of the number of housing units occupied as primary residences by the average number of persons per household obtained from the household sunrey. Study Area Population, 1999 Vail _ �Mint�rt�'Re„�,�Clr ��`��. ,�� Avon ,u„���8:.,`"`' �3r,�.��;� �''���,':�,�; ,°"'"-,;� �.. . �, y.:�� .�� r-r�� � �.,�, R ,.^=�.s��,%:�~,��,�,•. � Prm ary�� Avg�# P�,��ers�o�J �� �s�t��#��-� ��,,.�i,�ames;:��� per.hlouse�iotd; � � �o �la#ion . � � 2�048 2.4 _ 4,g15 ��',+..' � r� ,� f+rc-'�.' C�'^`—"`��.4 '�n +, '°.?'�'' .'a : � J r ,�, -��:�� 5: ��� �� ��� ��rga� '� �����"`� 4�,�6,������ �..� �.�..�,�e:��� �-��. .�� M 1,462 2.3 3,363 Gypsum 1,175 2.9 3,408 ��nco �� u, �],�,i?�rea ?0�,.�.�y� ���4� ��.~� � �'��'��.�:B�'�� �'�', ����„31� �.�.�.,��. .� .�.,._..�.� . . ��. � t Total 10,649 2.7 28,436 * All estimates are based on current information provided by local planners except for the unincorporated area figure, which is a derivative of the State Demographe�'s Jufy 1997 estimate. Rees Consulting, Inc. .�`� Eagle Counry Housing Needs Assessment 1999 According to the State Demographer, 32,099 persons resided in 12,649 housing units in Eagle County as of July 1, 1997. According to 1990 census data, 80.085% of Eagie County residents lived in the study area portion of the county. By applying this percentage to the 1997 county population estimate, it is estimated that approximately 25,706 Eagle County residents lived in 10,130 households in the study area as of July 1, 1997. The estimated current population of 28,436 represents a 10.6% increase from the July 1, 1997 population estimate. This increase (around 7% per year} is consistent with growth rates in Eagle County in the 1990's, as described below. Population Distribution Acco�ding to the survey responses, the largest percentage of Eagle County residents �' live in the unincorporated Edwards/Homestead/Singletree area, followed by Eagle and Vail. This distribution is largely consistent with locally-generated population estimates. '4� l. Eagle 19% EdWB�u�nvu�sicaui Singettree 23°k Household Population Distribution Gypsum Rural areas Vail 11 % �'�° 16% Population Trends � 74% ; Beaver — Creek/Arrowhead 0% IinturNRed CIiN 5% Eagle-Vail 11% Population estimates at the community level from the State Demographer are available through July 1997. The State estimated that Eagle County as a whole had a population of 32,099 in 1997. It should be noted that the State Demographer's Office routinely updates and amends their population estimates. The estimates provided in this report were listed on the State Demographer's web site on June 1, 1999. There are slightly different than previously published estimates. Rees Co�sulting, Inc. Page 9 ,I Eagle County Housing Needs Assessment Eagle County Population, 7/91 — 7/97 ��'�""_>°�iT��-r>x;. � r .�r--.rs,^„.�•n; ' -�• 'c�at;� ��R--�^x+--� - � � ---�^•;r` h 1 '"�-^^"'�zr .a�arr�� -•�-� ���*--m.;�-• v.���+t�y,i+� 4n a� �} � t t^r. �,y`;;i y�i. . l�i s^�'-, r^�. L� � �'. -�� � ���. �._.a � ��.�..�7191 �� �.��/92� �7/93 _ , _ _ 7/94-wz, �_�7195: - � ���7/96 ,�! n ti-��7l97�a�: - • ---w :.�i. c^' �..,�. .....�.�... Avon 1,858 1,950 2,374 2,446 2,505 2,728 2,787 ^2r�if ,��:!'^�+ � ^.s -wy � a� . -+r,�;o _ . ..-.• . r-� ... .n py,.�,,v„ —,z:. ' { �4 rx � � � +�Yv`T.. �,�er i:i;;����LlU`t k"t�� �� 'r 5 '� p5.: .. � i�e��^ �� ��a� ,fiO3� �.� 682 x 5�, 'i �65.3 . �'1 724':,: �:��._, �' ��:.�.,2�2F.. ���z`� .�,� i`i-�,v�.=.ibH=�a N�.,� ' J a✓:�i e+�� y �:3' ., + . f r,e 7 �V,•^ Gypsum 1,811 1,901 1,953 2,151 2,229 2,388 2,758 ,�'^�yT"^s�i�'���'��-`."y'z� c`"'+'' *�'�',�'hi7: e"p,':E°-"� ' y '+-.z„� Z4,� N .I'3�,'pY " ,� ��y„y'^i�.rt�XCT+.f.��,�1.: �%ntu .nw�� � � ��.,�9� ��fi�y� 50 � ��' �.:138 . _:.1.�:'! 40 � r:.;..:��� �� �,3. � � 171 Q8. �.��,143'.'; Red Cliff 298 313 303 304 297 299 310 .�•�;;�� .; :C : �� _ :,.- . . .. � . _ <.� ,�, ,>, ; ,. -�; ' � - . r .::'x;. - -�-"ti*; .�•_«: �°,,:: �; �l � �;,�����; �,�3 743 ; �3 928µ �3,882 . _ 4a442': Y:.:,�4,381 ���„4,409_ ��„F 4 454,�' Unincorp. 11, 533 12,102 13,209 14, 007 14, 881 15,686 16, 511 ��ta�t ��R'`��<�* `°��3 073� 24,213 �;,25,716 27,468� � ,28,860,7 M 30,392�� �:�,32,;099� �,�� ..,�:,� .�.,: �.. :, � . . Source: Colorado Division of Locai Govemment Demography Section Eagle County's population experienced a cumu►ative increase of about 34% between 1991 and 1997. The rate of growth was steady with annual increases ranging from slightiy below 5%. to slightly below 7%. Rates of Growth in Population, 1991 —1997 �� , ,,s,,r P.^.. �--- .-.,.� ,..,:-�•-.,.� _� . . � ... _ .... „,<.—,:..-.-; Years ��-�;:'�991 92�:1992 93 1993 94 199495 1996 96,1996"�97- �......>�,,...Y._,..�.....a....._..�.___...�_...Y.�_,.._._..._..�__..�.. _ . _ .� Growth rate 4.9% 6.2% 6.8% 5.1 % 5.3% 5.6% Source: Colorado Divisiori of Local Govemment Demography Section (data), Rees Consulting (computations) 1999 A comparison of growth rates for the various communities is shown in the following graph. Eagle, Gypsum, Avon, and the unincorporated portions of the county had the largest cumulative increases during this period. Growth in Vail spiked in 1993-94 at 14% but has remained almost flat since then. Growth in Minturn and Red Cliff totaled only 5% during this period. There was no clear pattern from year to year, however. Most of the growth in 1996-97 occurred in Gypsum and Eagle. From 1995 to 1996, the greatest amount of growth occurred in Avon. The year before that, almost all of the growth occurred in Eagle. Rees Consulting, Inc. Page 10 � � Eagie County Housing Needs Assessment 1999 Population Growth Rates by Community 0 Avon • ■ �9�e ; p Gypsum p Mintum ; ■ Red Giff �� Vail ■ Unincorp. , . 1991-92 1992-93 1993-94 1994-95 1995-96 1996-97 Source: Colorado Division of Locai Govemment Demography Section (data), Rees Consutting Growth rates for each community over the 1991-92 through 1996-97 time period are shown in the foilowing graph. Growth rates were erratic for most areas except the unincorporated portion of Eagle County. Avan, Gypsum, and the unincorporated area had positive growth rate5 throughout the period, while Eag(e, Minturn, Red Cliff, and Vail experienced losses some of the years. What appears to be a decline in population may be the result of variations in estimates published by the State Demographer, however, rather than an actual decrease in the number of person residing in each community. Rees Consulting, Inc. Page 11 ' i i i I I � 0 Eagle County Housing Needs Assessment Population Growth Rates in Each Community ... �,ss�-s2: s �ss2-ss; o i ssa-sa ❑1994-95. ■ 1995-96? � 1996-97' Avon Eagie Gypsum Minturn Red Ciiff Vail Unincorp. Source: Colorado Division of Locai Govemment Demography Section.(data), Rees Cansuiting Community Comparisons Eagle County grew at a cumulative �ate more than double that of the state of Colorado b�tween 1991-92 and 1996-97. Counties with comparable cumulative growth rates inciude San Miguei, where the Telluride ski area is located, and Summit, where the Keystone, Arapahoe Basin, Copper Mountain, and Qreckenridge ski areas are located. None of the ski counties had growth rates anywhere near that of Douglas or Elbert Counties, however, which are the fastest growing counties in the nation. Growth Comparison _ . . .. "•^—.�C"�' „^T � �"S � 5.lM .^+, ^Y�+. yXkY . ..,....... .._�.. _�'��� "����„�"`��;�,,- -� `,,.,�' , 1991 92 ihrough,1996:97.,� w � 'K"�'t �. �. t�ti=\ �y .� .y. . .._. .. . ... . . .. _. . .... . State of Colorado 16% �.�NY." �Y'?��� : ; -Mri,s-ar .r7 �Ty r y,�(^ r *c.. , yy, � , t . )- r +nK,-r4xa ,,,,; � fi'�, �r h �C�untiesa:�.��_�,�. k� �.,� r �� �-�„� ��, „ ,� , , , �..�..,�.._:...�,..M..s...,.:.�..ar�..�_�.�>.:... ... _... , .. ..�... . _ ... . .�5:r_,,�M. . _.�.�.,_ r�1"�,,-`e�."t�:,T��? ;:L„ ,�,�,-•.-m+�„E- t-,..; G r-^ --•: ,-+ ;-� s ,r . ��i DOU,g�eS �`�::� �"�,..r. �.. � . , � -_ __ ,.,,:70%_..�.�': �`....a_ .. ._��..... Elbet't 56% �,�,.,,,��. � •'^"„ZOY cr"� .... � . . .... L Yxyayy ��"� Summ�t ,;�, ,.� r 37°!0; t...�,.�r.. , ��c � ...:� .........: .. . �., W.....� . ..W._._ San Miguel 34% ,Kj�•-•;,f,?:��. :T�n:^ ;;.. _' i,4". . .✓ .. ' 1 _ , �� �Eagle ��`�_'� .��.�� '., 34%4; .. .�.:��._: Source: Colorado Division of Local�Govemment Demography Section � Rees Consulting, Inc. Page 12 I Eagle County Housing Needs Assessment 1999 Age The average age of residents, according to survey responses,. is 42.4 years. This may be somewhat high because of the overrepresentation of owners in the survey sample. Distinct differences befween the three areas studied are evident, as shown in the following graph: • Vail has a higher percentage of younger adults in the 25 to 34 age category than the mid- and down-vailey areas; • Vail also has a higher percentage of older adults in the 55-64 and 65 and over age categories; and, • The mid-valley and down-valley areas have higher percentages of adults in the 35- 44 and 45-54 age categories than Vail. a � 0 t9 m � Q � m � 4 � 0 c u `m a Gender Age Distribution 18-24 25-34 35-44 45-54 55-64 65 and over According to the survey responses about 52% of Eagle County residents are women. This gender mix was found in all three areas. It is not typical of Colorado mountain Rees Consulting, lnc, Page 13 I (1 � 1 t II I Eag(e County Housing Needs Assessment �g99 resort communities, however, where men tend to outnumber women because construction work and jobs in the outdoor recreation industry tend to attract more men than women. Gender by Area a��'�';`'�: xtOvera '':� aii 1�:�7 �' �i� , v .�� �:�: _ . Male 48% 48% Female } ���2%;�° `° 52°h �...._..�_...�,..� �. ��� �_. . Househoid Size . ,. �- ....:,-.._...:--,..::�... ;Mid ValleyY �,Down;Valley,'�` 4$% 47% S. T7 ' .r� .'4. 'fi . 52°!oF � '�53% ��:,' _ .... ._ .. �_ _ M �.��.,,.: Overail, 40% of Eagie County's househoids consist of fwo persons, while 38% consist of three or four persons. Vail has a gceater percentage of singie and two-person households than the mid- and down-valley areas, while down valley has a somewhat higher percentage of three- and four-person househoids than the other two areas or the study area as a whole. Househoid size in the mid-valley area most closely approximates the county-wide household size, while Vail households tend to be somewhat smaller and down-valley households tend to be somewhat larger. Household Size by Area ,�� � F, � �;�:Pers,ans m"� �, �verall ° ' � � � -'� "' `��` �x ,�,,.,,��, ,a��, ,1, /� a Va�l /o Mid Valley Down Valley x �."��H'OUS►P.f1��C�ti..�'1�`�,�,�� �':�.;.F,,.=„_.,�' .._...�,...'j�t'� �°� r.r� ` ;�,,,. ��O ' � �'�' ` r� .IQ �.a'�ut,T � ��.� �,,,�,._, ,,:_,.._.�.._.��...�_ ..� .,:.:�... '....�a�.._ :r.r..�:..::.s.,�:�, :�.._��-�,,: 1 14 20 14 11 Y���� ���j �y�..r��.ATs� �a f �z E w� .. . ;, �' Y .�: � �'.�, Q� , i . , r,�( � � . f� s �4�''� ,S'"^ v...s a .. �i3�'S.!..,wiGC.Y3,.L�fR.$�,.;5�'�r.il t�:,!.cw.:i+.�..-o. �0.�'f( F.. ;t 41,j ... yK }'�Y''�� cI� �.,. p Y�k T• .f-',�, 3'y�'3? h;5,`�x.� . • :�.e..:. �:�t........, . -.....�.. .». ....;..n3...�....a, ;�:.:,� r,�,s=;11'2,d..;:�:��'r.......=•.cxi:x s�: 3 19 17 19 2� �R S � i'P� �� [ .+'%^�*'. ..' /'( ^ii'P.T� .. `T;2?^T' S�' M`i M' .>�`.nv 1 _ •'�1�.� ��`i SL ! �I"a i,,,� w..`, t ti 1- -t�, ,�,yc a�-..,r,G .�^. z.qm . �x �..�., „� �'Y' i'' t�'p�°`i'�. �c .S^.� �7�, �4r.4, � , �.� Y ,�.� a g �. �.. �, .� � 2 � .�� �t� �, `F'9 9 ?.. �x �� �� ��:� 22 r�`� _��.a,��.�t.�:.a ��usr.d,.� .,�,a:.-��:>. ��.�... . _..,��t!._. c..�...�.,r�.ti._.:A+t'�t:;r�. s..,:.t�.t.. �md:....�.�c-'"� 5 5 1 6 6 ,,.:�'i+"r����� , ��;�£�r��' '�'!"�>i--,:�?� `„'� y.°y,`,, "s�'�as�'� �'' s'�'��"`'"'�,�''.,�„�j. �-,,.��3� ��- +�n.4�`s�' .'��r�nv""._`�-,�,`�r.',`�,� r �z � 1. �` 4y''^ [. '�"''' 1' !� dr�:u '���Y�ae`sS � s.7asS�_.5..�� .�e...�^ `L...'+"-' tri.�;'x,t ......;,:X..LT.� Cs,:�.l",.+��"�.,;�ir�:.C'�_.<�' ` r�t L~`i�j,�+,r�i. A. ��^��S`.�',k''Lxa.�",F Y� 7+ 1 3 0 � Household Composition In the area as a whole: • Families comprise a majority of overall households; couples, couples with children, and single parents with children constitute about 71 % of all households; • Only 14% of primary residences overall are occupied by an adult living alone; and, Rees Consulting, Inc. Page 14 Eagle County Housing Needs Assessment 1999 • Househoids comprised of roommates living with other unrelated individuals or with family members constitute only 13% of the population. Househofd Composition Other 2% — Family members and unrelated roommates— 4% Aduit living alone Unrelated roommates 14% Single parent with child 9% — "�` +�-='.� *F- 5% Couple with 34 % JL /O Household composition varies depending on whether one owns or rents. Specifically: • About 35% of homeowners are coupies without chiidren; 40% are couples with children; • Approximately 50% of renters are either couples or couples with children; o About 20% of renter households consist of unrelated roommates; and, • Adults living alone and single parents with children constitute a larger percentage of renters tF�an owners. Household Composition by Own/Rent Olhe Family members an< unrelated roommate: Unrelated roommate: Couple with childrer Coupte Single parent wlth children Adult liviny alone Rees Consulting, Inc. Percent ot OwnerslRentets Page 15 I Eagle County Housing Needs Assessment � ggg ' The following table furthe� breaks down household compasition according to who owns , the property or frorn whom it is rented. I ,; Household Cornposition by OwnerlRenter Status � �'fSrM1i:�T'j�'5�:�:'�� �!v..:.Y�C.i..�....�_ �. afy�:.... .. .. . — r• Vi�:���MK'v;��.Y�.Ya� t:vi �' ���`� �, �iDwned by Owned Rented_ � �...,,,...,. .�,. �;�`�� � r�� u�'; t r'� r f _ �Provided FQwned byr Uther. � ������ � : � �;� `�; M; residents . by parent , from - �>� b � �� � ` � � ti , . � y._-y,,, ,member ,�� �'.'�1e'rK'�.t �i; �`C.h`nw�7 �� �r^�. i� ' i � . � � . r .. ,' � . . t� ;� � y 4 + t ¢ � � � � 't� X�',��''�,,,,,,,�_1�uJ'N�� ��t� � " tf }�� ` � rK F landlord employer'and.rented. �,� xg � �i�� . ��.,tGu ! ' a.u.....s.r.a, m'.+a;��=:�r.....lw�..a—.. c:t.:. �. . .. _ .. n .. . .... ..:....._._ .. :._ -..: G: Adult living alone 13% 20% 17% 23% , 33% �,-'"^-".k}.t�"'":��Q"?,��;.� ..:,�,�. .�.',�,"i"�im4'��`s': ::i:� . . .... . .� ' .i.,:. ' ' ' ' �Sin�te arent with � .�, h r 4% � -. 8% � :, t � �r � ^ �y,,�"' ` k � !FY7i 3��',� 7�v �r��� .�..� fA . . , t , ,. �hildre,r,�,++�rn�{�-+�- ....�:R,r_+.rG>a�......�.yt..d:.. �., , �.iss.�< _�.. � �. . . . . . ...,. .. . ., ...._... .,. . � �.�...r°�.�.._..[tx— s....: . . .. Couple 35% 20% 26% .." 14% 4% 67% r . � rn-- �:+;;,.w�..;...Y.,. ..._...� -'c: . .. .. IGau �le with ciaildren,,; �w.,Y:�_. ..y :39% 50% , 24% � , 27% �< %; �.;�.,..P_.._.., ..... .. . .. � . _..�,. . . �.. ,. _.:4� ...w.. .,.. _ Unrelated roommates 4% 10% 19% 32% 52% �--;=' i ^ ' � "' r . ... ;Family members and 3% . ._ � 5%0 - 5°/a . : 30°l0 ; � �`,M» ` � _r. ., �unrelated,roommatess.�� ..... _.�. .. ._. ,. ... ......... .._.....�. ...._. . �. .._.,. _ . ., r Other 1 % 2% 9% Househoid composition aiso varies depending on where one lives: • Down valiey has the largesf percentages of coupies with chiid�en (48%) and single parents with children (7%); Vail has the smailest percentages (19% and 3%, respectively); • Vail has the largest percentage of households consisting of unrelated roomma#es (17%); and, o Vail has the largest percentage of househoids consisting of adulfs living alone (19%). Rees Consuiting, Inc. Page 16 Eagle County Housing Needs Assessment Othe Family members anc unrelated roommate: Unrelated roommate: Couple with children Couple Singie parent with chiidren Adult living alone Household Composition by Area 0% 5% 10% 15% 20% 25% 30% 35% 40% 4'5% 50% Percent of Area with Household Composition f� . . Finally, household composition can be analyzed according to whether one owns or rents and where one lives. Vail has the largest percentage of homeowners who are couples while down valley has the largest percentage of homeowners who are coup(es with children. Vail has the largest percentage of renters who are unrelated roommates, while down valley has the largest percentage of renters who are couples with children. Household Camposition by Area and Own/Rent ��_. �.. . �-r-,g-.r.k.. ..°-t�,:,... _ __....,.,.,.r+S'. �. ,r•�srv.,s..�. . _ . � �; VAIL � � � "- .;�'; :MID VALLEY ^1 �a,:DOWN VALLEY� `�N ����t` �' .t� ,�,.A_ � '' . ,�. t ..-, s t �y F,.�. ..x s i �h, aa;`! ai: ..:...F�l.., r ..�r-:.ei .. .,Aw .., x.:.}. 4rYa Y..,�an.�.-�rn..i:�.�it+.!.r..,��.,f..'..;.::.�-J OWN RENT OWN RENT OWN RENT - .,.�'� ., . �'�'-:" '��':�;�.� c����-�..� � -- -v:-: t,: ; ;�>r ° �..,...,.� .. .� • ;r-.,,:; ;,... m ClLil �'1���t�ig`'�t�tae�' � � �� ����:20°�' ��X� 16% .. .. _"�s,.F• 13% �� _,:23% _:,�� �k 9�°l0 ���,F�;10%; y:. .. . . _ ... .... . . � . .Z:.!>Sv':1,-.�.. Single parent w/ children 2% 4% 4% 5% 6% 12% '��s'.�'�"3'.���,- '�'-°'s �" � r_.»^'"p...p'°r�„ :,�� �LS`'. .p � � ; r`,�,-,.. .. .0 "n-'g""'"'' v +�:K�,t o *" .%'^ .� � As ^f. !Lh�-�►'�' ' "ii��,�:r.:rSF.� �' "%" ?��`5,!] V....a.J..,O �,•�,�;? �Ss +2 V ��0 ��'. � ��"'�% a�.t' r � rt:. � p : � ry. 0 ,=J : 34 /o � 24 /o �. � r,� 30 f, .��,,..,;�',��24 ,/o � .7+:. i1.4........t3s A : 6.�#.lfh.�<r.�Y. 'b.w. Couple with children 21 % 8% 36% 19% 50% 43% .. .�, ., � rap ,.+„�:. m'2'. j-"-'�:. , �;^ar... ; 4,:t.."' i.^LNl� ��w:,�,;. .y�: : - ,.,.,.. r:r. � r•%a I���OTlit�!`�8S � ����`�.,,'-���� lo � , `�36%:.�..�....�.`�"� 6°/a ;.,;� _� 23% E "�``''"`; k ;3°,/ >� t�x o - - ,.��.. . z� _ � :;�w _., . . � , � � ; o � 7l0 .,µ.rX...:�"v,..:t... �v�.r,£.�.a. Family 8 roommates 4% 8% 6% 5% 1% 2% "'*�j��, f `tt�� r"w��{�"°.e'� , �a}'ta �� . G :J'a:� `i5 , .. . :�„� ^r , , .< .:. �i1�i' ' ,�3�. �P.�ri� �. ��"�'�:�� `���`?,� 3 R,..��.,3°l0 �,;� ��. ,���% � � �9 % � r �;,,-��-�_�% �� ;� 2°lfl LT�� +— �.:�. �.. �,.:�.. :W ., l�._ �.�. �..�:, ..��. .�_ �b%��'•a'�7�5` 4!1�1���l�ii%?F1'7�� ,F -: � ! �: lti K � A� -..�' t _ ..� . i � ..: ' `,�wy . c. . -y�n+.Vn C�, .r�•4 � {•��w+',��.('• ��„�a� ��.� �-F�"-.��,,. �;� � � 100% � ,�� 100.°l0 �:t .:,��:.� 00% :�, _ ,_ 9 00% `.;...� M 100°l0 -��:1.!�a% Rees Consulting, Inc. Page 17 { � �� � Eagie County Housing Needs Assessment 1999 Children in Households Eagie County has an average of .7 children under the age of 18 per household. Vaii has a lower average (.3) while down vailey has a higher average (.9). Approximately 63% of households overall do not have a member under the age of 181iving in the home. Vail is the least likely of the three areas to have children under 18 living at home. Only 17% of Vail households have one or more children living at hame compared to about 37% mid valley and 50% down valley. � 4 m � � m a c �3 c m v` t U `0 2 m .c E ' z 1 0 Children in Home by Area 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% Percent of Area Incomes _ __ _ _ Household tncome _ According to the survey, the average household income in Eagle County is $85,889; the median household income is $65,000. The median is very close to the Department of Housing and U�ban Development's 1999 median family income estimate of $64,300 for Eagle County. While HUD's median is for family income and the survey median includes households consisting of unrelafed individuals, the similarity of the two figures is evidence of the survey's validity. Rees Consulting, Inc. Page 18 _ _ , � Eagle County Housing Needs Assessment 1999 � Nousehold income varies by area. Median household incomes are highest in the � � EdwardslHomestead/Singletree area and lowest in Minturn/Red Ciiff. , Annual Househoid Income by Area ,�,,,�,.,f ,.f�.��.�i?;:'',°x2:F��i7^"'T-^;C,�ze.�,,,.ic;, r • "'.^r;,. . � ..>r.�- ^':7v {.x„�.. c.:z� :r;5,:' - sG.7•+'�'i,;a.-ie�.,,Y. .-2n.y. '�� � '� Avera� e Median� "�NI"��:: � � ���������c�;.� r��:,3-.ta�::�v�"�_�,..�.;..._�_ _.. 9 ,... ��- mimum�:y,,.;�"�Maximum��� . ��� Vail $106,423 $65,000 $1,800 $1,500,000 - , _.:.,,. .�:..,: � 't.'�'C�Ps.�� :, �. 1w�'tt ' ,..-�.",.. . ' . ,':5� •:rj��'..',"� RF',Y�i:t.,�.x., ' " ' ' I�llin#uRUR+�C1aCi1fF� k ° � ' S8„137 ✓ 55 . � � , � �:: �;; ��,- _�; � �x -� � $ _, �_�,�� OOO�A ��� $10 800 r �' $185 a00� �._..:�..,r..'+u..+. �� v .� .: °lt'ci:y. : � Tf 7 7, . �t� i.tt�.-, � n �:._n,u.:.::,.�- . . +w.r._+: t: Eagle-Vail $90,009 $70,000 $8,000 $500,000 ';�;°�`'n' _?� � ��"k � .� ; ,�, . _: $9f 989 $64 800 E�.4.;".$2 500 `°$T 500 ODO: �..�,.W.;..�..,..,� ..� x�. . �..: _ _a . ..� � . . . . �. . . .. .... __ a . .....� . .... w Edwa�ds/Homestd/Singletree $97,021 $80,000 $12,000 $400,000 . . .., . _.. .: �.,.a91e�.�� :�'Y��' � f�, � ,.� . .:.. ...�. ,� ......._ : , :. ...$63,360 $60,Q00 "�:.. .._. $1,200 ;. , $400,000,: Gypsum $66,760 $58,667 $1,700 $230,000 ,��>,-- � �-r-�«�� - _ _ ._ . ..:. .. . .. .._ �,,R�t�ralareas��.M.�=:., ...,�?: .., ,'� _. ,�a.$119,375 _ $60,000 .. .�$40,Q04 _.,. .$500,000: The income levels of households in Eagle County are dispiayed in the foliowing graph. The largest segment has household incomes of $75,000 and above. The distribution is somewhat skewed, however, toward the higher income levels because of the overrepresentation of owners in the sample. 45°.S 40% 35% 30°� 25% 20°k i 5°k 10°% 5% 0°k Household Income Distribution rn rn rn rn rn rn rn rn rn rn rn rn rn a� rn rn rn o� m rn rn rn rn rn rn rn rn > o� a> o� rn a, rn rn rn o� rn rn rn rn o � ai v ai v' rn v rn v rn v m v � N N c? � V�' s�' t[� tt� cp tD h O O O O O O O O O� O O O O C 69 O O O O O O O O O O O O �p O O O p O O O O O O O O 0 tq O � O tfJ O tf,> O tl') O tf! O p N N (") C") Q sf � tl') fD t0 t� p FA tA t9 19 V3 dl fH M tA fA (A fA � h- � 4 Rees Consulting, Inc. Page 19 � �� Eagle County Housing Needs Assessment 1999 While the overal( pattern of household income distribution is similar in the three areas, there are some differences. Vail has a higher percentage of incomes in the $25,000 to $29,999 and $30,000 to $34,999 categories than the other two areas. Mid valley has the greatest percentage of household incomes in the $75,000 and above range; almost half of the household incomes mid valley are at this level. Down valley has the lowest percentage of incomes in the range of $75,000 and above. It has the highest percentage of household incomes in the $50,000 to $54,999 range of the three areas. �o i 45% 40% 'm > � 35% d E � 30% c � '° 25% �a m � w 20% 0 .. v 15% � m a 10% 5% 0% Household Income Distribution by Area rn rn rn rn v' ai e— r- O O � O tf) tfl rn rn rn rn rn rn rn rn rn rn rn rn rn rn rn rn rn rn N N t'�7 c+�7 'C V�' t� � t�D O O O O O O O O O O O O O O O O O O f!i fA b9 V� � di Ef3 69� (fi rn rn > rn rn o .L] � ti @ O O C Q O � �A O p � � � � ti E!� Distribuiion of household income by area is further broken down according to whether ;! one owns or rents. As can be seen from the following table, owners in all three areas �� are much more likely than renters to have incomes at the $75,000 and above level. In , I Vail, 56% of renters have annual household incomes below $55,000, while 56% of j; owners have annual household incomes of $70,000 and above. In mid valley, 54% of renters have incomes below $55,000; 56% of owners have incomes of $75,000 and i� above. Down valley, 52% of renters have incomes below $50,000 while 57% of owners � � have incomes of $60,000 or above. Down valley has the highest percentage of renters i i �I Rees Consulting, Inc. Page 20 i ( Eagie County Housing Needs Assessment �ggg at the lowest income level. in Vail, average househoid income for renters is less than half that of owners. Household Income by Area and OwnlRent ��"�,�,-..,�� �, - _ _ :- - - ry..�. r.,,;,;r��: ,.:r �x�'`i�-�r" �-� M"�-�°3,,r; � '�" ;;VAIL� � MID,�VALL � �"� � �� �� ���`�`� � � � �. �:;. � .������:� as R.��::.� �.�r��....�.�,�_�= .��:�._� t.: _ EY.���x � DOWN�ACLEI�E,��� :�....... ,..:�..�v.,� ,�. _ Household income OWN RENT OWN RENT OWN RENT J.��+'"^?cJ��^?�y+xu�9y.v�rci,n�',r�. 1 »�ri ri:- - � fi•• ;�M ^_x7�r.� u '�`' ' � i�H4�SC�.Y.'.l,�t!'.7�<c � �ii'r'..+:.t��t� � Y^iXt..�. :�':' / �it.}:...:� C.:: iR:��i,�;j^7?�.-�t.L'?7.:?,y�! 'rff'N!'1•'.0 � �;'�.v�9�'��''...��'�.���'%�r:i S �`'�.�,�0 `::.�:;�...:4% � �. �� .. ° ��a.+. N.......�.w 0""•.�ta`.� � � '�.y ��+� �r,` o �"�:�:.i:"._�: �� � ia2��5::t:.,._ � ,a��._ . : i�.. �z10 K,'Y�0 �?�t^ .et .x�.y �.7Q�0. ��y�.7��0; $15,000 —19,999 4% 1% 1% 2% 2% ��� ,.�...��.�r. �. _„ .. . . . ..: . _ . _., ..:.. �,... _ _ . .. ,.. ..M ...,.,,,,�. .. . �-,G c_,x <:. � ..i t � �' " r o _;�;. .° ...... .,�_ �%f��:;;�;;K; .��° . __ w...�' _�„3°l0 3.t"`3��5%: $2{� DDt�=�`24 999 1 !a ; �� 9 /o = � ! -�' ��`" '�-�. u.:.�k�, :,7-..� :�a�.,,. ..,s�...,�. w ..�..,.,�.;.:.._. . . :.u..,r _ _ 4 _..> ,. � a,_,tw s%:.._ �.�._.�. $25,000 — 29,999 6% 4% 2% $% 2% 2% T.�-�,,;...�:�-:M.:::�x �---,�: - �$��OCI,�—; w34, 999,�._ , .. "�_`�w..:..�..°� . ... .., w 9°l0 � _ '.4% ' �- ` 4%, �,��t � 7 x � 3 . ._ . .. .. . . Ive..-�.,.,....J.._' c,�4... .. . w....� �U i:v.....��+..� I��r $35,000 — 39,999 1% 4% 2% 10% 4% 7% j�.?�g.'� ry 'L C"sv„+5 '" fi•J � . C � . / i i ' ..Y ... . �40i � 00 `�44 J99 , .t�..._ _.:;.�.... �°I4 ` _ ,410 s��.,�.w... �: � � % ' . ..� .�.. `....�.,.�b� 7%u � ��. .�7°la= ._ • .u.:W.. ��: :� . _ �.,, � . .. __. � . :. .... ,, _ , w $45,000 — 49,999 1% 4% 4% 4% 6% 7% �$50 fi?00� �4,999 �.,-1: '-c.�- �6�10 ,�.. _9°/0 . 4% 7% 10% 15%0 �::_ ._ . . . .. _. _ , . __. � .,_� __ $55,000 — 59,999 2% 17% 3% 7% 6% 5% L"''� .'T"S�' °e ZF'f ' . . . . . , . . .. -. . �$6(�`�,,�r00,',� 64a999 ,. . 7 5% 4% ' 7°l0 �; 8% - 11 °lo ?°lo $65,000 — 69,999 2% 9% 3% 5% �y .._ ~�.~ 3% �.. �".' .... F..�a?: � r`+s"aGw �t �xi'a . .�x . �. r .. -r k . � . . .r r .. . . . . 4x. �+�s . , . �,�.(JO.,,a-�4;,999.�..,j.�'; ,s. �'�, �% � : 4% , fi°lo �� r ,. 4% � �-;.�;�� =r s 9°/'0 � � 2% �....,_..�_..�..,_ �_u..� �_.,._. ..;_.., _�..� ._..... _.w�.._._.��._.�_. �...,�._.��� Y_�,�.�.. .�_.._.. . . $75,000/ above 47% 9% 56% 23% 34% 17% � , �� r-- �- ��.- � ; �;� �'.�;���` i � .� ` `�= `� rr >�`�' ; 100% �- 1 QO% 1R 104°l0 ,�� 3 � .100% �� `z�' " � 00°lo h :�1 D.0% �. at"�� �Mta..T'z.'�,`'f'��.2(nU>,is..ur..f:xu.' cS�-G....+.. _. c .:�1-.,. . _ L.' ..,. � . _ . .. i._...._.�..a..... .. - ._.ti., : 3'�� w..v . . .,.3 F� ct:"Sr.w - U._��.. .... -. , _ Average $123,815 $46,165 $103,319 $54,130 $70,321 $49,022 �''� d a.'.n����������; $7p 000;$50;000 �°_�_$80�,00(1 ���$50}400 :�� �7� $fi0�D00 �,�45;OQ0; .� �.�r� .:�..,_._._1..�,s. .,_. , The following table shows distribution of household income by town. Edwards/Homestead/Singietree has the highest percentage at the upper income level. Eagie has the greatest percentage of persons with household incomes below $20,000, followed by Minturn/Red Ciiff and Avon. Note: There was oniy one response fram the Beaver Creek area, therefore, valid conciusions could not 6e drawn about that area. Rees Consulting, inc. Page 21 f � � i Eagie County Housing Needs Assessment Household Income Distribution by Community .t��7 � F-�. �G-,�a-�—,--�.is�,..� ..� . ,.,- _ _ T.,-.���„�. _..:....7,., r">-.-^•^�-;�•,""--"�r(.--i'��,Y � ;:tnw . � x: ';F H,%E.��^. �y j4~�� I�i^' +s'�..=P<._�, �' �:��_�,���,�;� �� Va�i� rrnturnl : E Eagie;� ; Avon y'Edwards/ rEagie �Gypsum ' Rurai .����� �>� ���� , �'< ,��r t , . S �. - � : ..: ��: � �� .- ° �,K°`' < �- :b �' aceas., <. �: l �.-�.� �.���x �:�.�:�::. �.Red Cirff t Vail �r� :.. ..� �::�.. �::. Hstd/ST .,� �:.�,�:�.. � }� tiFtt a ` � � _, �'�e, r.��a:�s�.. �.:i....:.`...�a.��.:.si, ` � $0 - 94,999 3% 6% 1% 4% 1% 7% 1% C ...y,�.,..,?s�r.; '*>a,.•... _ .�:c!>�i�.°.,'y.r ar�;a -- . . .. .r.c,..�. . snrz:;Y' I �'�i2' i E '�°;+$' a i .. . ,.._...�y:.... r � .4 . r ,t.;n.��;,;.• �•- ^�r,�+? , ; ��n�DO�� z99;999 � , 7 %o f , � �- ,' � ;.` * o , , �..�,.�.�:x:....f��w,....�..�,-a ,�:ix:�.�,., ��:.3.�.>� :��; � r; .�4. �..% �. . _ 1 °lo r�;;<��r..? °�� �� ��2% �... ���a�� G_;�,� ���:...,_ $20,000 - 24,999 3% 1% 7% 2% 3% 4% I$� 00, 29 999:. � �.._6.°!o t::..___...�.9% � � , _.1% 5% �-. �% :: _<n.�.3%' _r . :1.% s ... � ..{�_ - t� 1:.. , . .. . .... .. , Yi.::� ..... .�. $30,000 - 34,999 7% 9% 7% 4% 4% 3% 1% I , 35,0,00'�`�,39�,999 . _. _2°la � ........._.�9.% ..��_... 2%. _s°/a ... �. .,,.,?.°�9 :_.,t,��4% ....._. _ ..7°.�u R ..,.,._..........�, $40,000 - 44,999 2% 6% 6% 7% 5% 7% 6% 13% z,-�,s� � --,,:.:-.'..,�, ... , . .. _. . .. . : •.:, :: ,-. ��� �4b;�,5,000 49�999_ . 2% 3% 5% . 3% .5% 6% '� �. 5% 13% , _ .. . ..,_. . ,_. , . _ _ . ._... ._._. . .. .. . ... . ... . . : .. :' $50,000 - 54,999 7% 9% 5% 4% ..�^47,-..:^'� rsJ. k ri-f%' ' . . . . , ` �55�000:� 59,999 ;. i._♦:_ 6% €'.. . 11.% .:. ,,: . � 4% 3% , , , j � $60,000 - 64,999 12% 11 % 7% 9% H .,..,,�xrna'_... ,.. . .. �$6�,4U00,,,:;69;999 � __.,_ 4% �.� .�� �%o � . 2% , �% I � $70,000 - 74,999 8% - .....9% . 6% �% .. .. i , _ . . E$75,000?±„�.�,.st,�w,.z ._._ 44.°.�o r``..._w�.:� 14°l0 � _ , _ 49% � 40°l0 _ � . 'I 100% 100% 100% 100% ,I ,i lndividual lncomes 5% 8% 17% . .2%;..��._6% � . _.. .. 6% ,_ _ .. .. .. ; . . 5% 9% 9% 38% 2% ' .2% ' - 2% r 4% 6% 11% 60% � 33% ; . _ .28% , , : : 38% 100% 100% 100% 10�% The average annual income of individuais in Eagie County, according to the survey, is $55,424; the median is $40,000. Again, this is somewhat high because of the overrepresenfation of owners in the sample. Residents of Vail have the highest average individual incomes; however, residents of the Edwards/Homestead/Singletree area have the highest median income. Minturn/Red Cliff residents have the lowest average and median incomes. Individual Incomes by Community Vail Eagle-Vail Edwards/Homestead/Singletree Gypsum Rees Gonsulting, Inc. ta£'":',�='."�� "- �,;,rnr���r_-,;,,;:�'^,>�» y,. ,„,..••. �,y„ � 'J.' :SG 4 t� ji*ti'.. :ti: ' ti�-Y�i'._F7'^*' S ��1ve.rage�� z,IVfetliani�_��M�nimqr�;iJ� $75,079 $40,000 $1,600 �-��.,�-.� � � �� ��::$38,07 �3�. D00� �'�'�¢.�0� $59,883 $41,000 0 i" 4"' Y� Jti`P,�-:.�iy�): p': >� IRex✓"� �y'S �Z—cG! �' �„�i'o �'Fe v"� ���$56,v97� ���36,000.� s�,�� �`�� ����3a $62,353 $45,000 0 �;�aYaA'.fiY�Y':�"'rs.5 c�.-.m-c.s:,trt� mr�-Aar.� �4:�«b"=c-�+x;'St,a ?3: :ii 'b�'` `� �� 5'itt :Dt�Y+�' � 7Y � .. . . . ��-�$4'l. 34`��.� F;;�r$38`950� �, a���:�.:���U� n'SLa..:w...Ma.,'��i a...4���:s.xw.,Z:u_..:a.c�... _.c..sa�:x'..,7C+is:AS��;�:., • $40,155 $35,000 $1,500 x�j-t-r:•...,:�-„-�,�r� :t �4 'i;s�+rn-�+.vz �y�„ r �r�c"'*��''r`«+7"�"..i �, �, <�64 C1D0 �:;�,�35,D00=;� � ,.„$'10 ,�00, � I $1,500,000 $500,000 ,�- ^:�,-.�,: �'�;;�,.0;00„� $400,000 �, �� ��� Page 22 ��r.. Eagle County Nousing Needs Assessment 1999 The distribution of individual incomes overall is shown in the following graph. Similar percentages of people have annual individual incomes at the levels between $20,000 and $44,999. The percentage with annual incomes at higher levels drops off until the $75,000 and above level. About 18% of residents have annual incomes at this level. The distribution is somewhat skewed toward the higher income levels because of the overrepresentation of owners in the sample. 1 a �io � s �� � a �� � s �io i o �io s �io s °io a ��o 2% 0% rn rn rn rn rn rn rn rn rn rn rn rn rn n� rn rn rn rn rn rn rn rn rn rn rn rn rn > rn rn rn a, m rn rn rn rn a� rn rn rn o v rn v ai v rn v ai v rn c ai v �° N N f"') t") '� iT' 1n tA fD (D t� � O O O O O O O O O O O O O C fA O O O O O O O O O O O O �p � O O O O O O O O O O O O � � O tn O � O � O tl� O t[') O p N N M M tT V tn u) �p tp h• p Ui V1 Vf Hl 69 IA 49 ffi fR fA b9 V� � n �v Individual (ncome Distribution The differences in the distribution of individual incomes between the three areas are shown in the following graph. Vail has more residents with individual incomes at the $25,000 to $29,999 and $75,000 and above levels, although the mid-valley area has almost as many ai the $75,000 and above level. The down-valley area has the highest percentage of individuals at the lowest income level and the lowest percentage of individuals with annual incomes of $75,000 and a6ove. Rees Consulting, Inc. Page 23 I Eagle County Housing Needs Assessment 1999 30% 25% d > d � d 20% E 0 n c w �+ 15 % � d � a w 0 � 1 O °ID d a � a� a 5% 0% Individual Income Distribution by Area ,' rn rn rn rn rn c� rn rn rn rn rn rn rn a� rn rn rn rn rn rn rn rn rn rn rn rn rn > � rn rn rn rn rn rn rn rn rn rn rn rn rn o ' v vi c m v m c ai v m v oi v � � � � N N � � v v �n �n co cfl r- a 0 0 0 0 0 0 0 0 0 0 0 0 0 � efl o 0 0 0 0 0 0 0 0 0 0 0 � 0 0 0 0 0 0 0 0 0 0, o 0 0 , i ui o �ri ci u�i o �ri o u�i co �ri o 0 N N t7 C7 C C' � t'!) tD tD t� p bi 69 69 E!i (A E!i EA t� Efl 69 Ef3 U3 � � � Length of Residency Years Lived/Worked in County There is a relatively high degree of stability in the population of the study area overall. Based on survey results, nearly half of the population has lived or been employed in the area for more than 10 years. This may be somewhat high because of the overrepresentation of owners in the sample, however, as owners tend to have lived or worked in the area longer than renters. _ _ _ ._ _ , According to the survey, only 6°/a of residents have lived or been employed in the area ! i for one year or less and about 3°/a live in the area only during the ski season. The ,� percentage .of seasonal employees should not be confused with seasonal ernployment, , � however. Year-round residents often hold different jobs in different seasons to enable �,_ I them to find sufficient employmenf to live in the area on a year-round basis. Experience in other communities as well as Eagle County has demonstrated that I;i seasonal residents are consistently under-represented in surveys, however. Developing a firm estimate of the number of seasonal workers is made difficult by a combination of factors including their lifestyles and employment patterns. ; !l ; Rees Consulting, Inc. Page 24 i Eagle County Nousing Needs Assessment 1999 >10 years 49% Length of Residency <6 months — 3% 6 months-lyear — 3% �" '� ' years /o >b to iu years 17% >3 to 6 years 17% Vail has the largest percentage of residents who have lived or worked in the area more than 10 years and the smallest percentage of persons who have lived or worked in the area less than one year. Mid valiey has the largest percentage of persons who have lived or worked in the area one year or less. Length of Residency by Area �o � � a � 0 c m u � m a <6 months 6 months- >1 to 3 years >3 to 6 years >6 to 10 years >10 years �year Rees Consulting, inc. Page 25 I f i I. Eagle Counry Housing Needs Assessment 1999 Length of residency varies by whether one owns or rents. In general, owners have lived or worked in the community longer than �enters. About 55% of homeowners have lived or worked in the area more than 10 years, while 41 % of renters have lived or worked in the area less than three years. so,c so � E 40% m c m � C a � 30% `o c 0 m 20% a �0% 0% Length of Residency by Own/Rent < 6 months 6 months - 1 >t up to 3 >3 up to 6 >6 up 10 10 >10 years year years years years Length of residency also varies by where one lives. The largest percentage of owners in all three areas have lived or worked in the area for more than 10 years, as shown in the following table. While 63% of Vail owners have lived or worked in the area for over 10 years, 66% of Vail �enters have lived or worked in the area for less than six years. Ove� half of mid-valley owners have lived/worked in the area over 10 years while almost half of its renters have lived/worked in the area less than three years. Length of Residency by Area and Own/Rent �� 5r,p�'�°�-������.��`r�1��� VAIL ���� .�MID VALLEY: Y� r� D011VN ALLEYr� � � L ... . ..3�7Xi.d.m.re� �6ie�^^-FSr�-..� .�,xt.ua�^r:: c;w�=.i'aws�._ . . ._ �.a.. .. . ....: .... . . uy�a.. :� -.,._ ..k.,... . .... . . . .... OWN RENT OWN RENT OWN RENT ii ?+ 2�3�`.,�"{'a'c'"�"�5'.:��� =a:,,y�` � '?� �.:r.� w'rT- .�, : r.%3'w:..4,�"^.TMy r �,., �.^'J,. y: ;� " ;c%�.�,. � � ��C�'.,�`-",:?c+ ""° �'`ri.'� i : -s '-?,�"r`t I 1•��f. ; �, l y ...�,.� •.. {, €,y tl Yn is 4' � d Y� � � K 4x 1 4 E7 � i �SS� a fi f110 �i1S-�� �.�°lo �' m���� „r.-.,:�-:� 2.%�',;.�:.E,12% ��4 �Y^�� ,t ��-0✓o ��....-���w$�; �.-'^�,G� .-?'.E, _.. .�s i:�r��2� _:.a•,.°•,;:s;.. ._....e E'Ti.i:G:..* .�.'.:..5'S.��i� 4 6 months -1 year 1% 7% 3% 11 % 2% 2% ! ,,.,�»_ ,."','�v;" ..:.c'+'7,�;: f�'w'a-e:.yc,^;y^g.-� • {.iL�ir�.y4:'r,7+,'.^�ev �fY1.:—ys,;;j".°•:,.s',�':�>� i7.:�;�s-p;,�c;,,-. �x.�......,.�..f� gr_�"-<r+�t:n':i,� � ".^x.:+:C E9''�p�n�L �O� eBiS x ;� < -r�;�� tit .;: fiolo :�' �.�.� "38% =r 3.$% ;�` .-��5% ' f � w12%o ��' �`12-°�0� 's+�'a�"��S.a+u:��t�.1I. '^ . c.r�.t.:i• ._.. �wi�Y..b::.��-. , e.,z..�.� .a_._ , ..., ... .._. .�..J x.�s� J,.i_........:..�, n"�.,L.a..r ..� �..t `' 3 up to 6 years 12% 21 % 16% 24% 14% 35% ��.. L . �,. . . . r �-. �-c�-�, n �s�s...y� �c.*.r.... ... � crrw n�� :,�.�. ...:r: �n:. - sr.s,:,;. tt.�..»;�:G• �. r �., • �*t-• F,?�r: �, ;:<".n . ,�F,,.. rt�T T'�i/^'�Y` .±��:. ��t���:N x-v O:. �y 0 � ..r�"� 0 t E{'�' p r I . r. r 'f� 0 F. p ,: � Q.����L7f�Q.t���.- ?�^+'T � 3" t Y���O °r�f ��/0 �.:� ...u191o.� ...��.,=.:8.1� ��tf_;�:.:: �,n ��0. �".tx,.�, ��1�.�6 :w�+ua. A...rrwu�+rH.✓41G�w.:iir....1Y.:�w.:...� !:{x�t1GiD�W�r�.�..• More than 10 years 63% 24% 52% 21 % 56% 18% - -.. .�;:�N�;�^ - ��'�^'w,��vY^�� �^ ,y:,h,l'°''� r � -e- . _. „„ . ,. .. .�.__ .. . .-.,. .. � c s,: I s`�,-^�`';�..�� °���„�.�`�`,��„�:..:� w�,��:,��;�X _ .. 9,00°l0 � , 9 DO% .' . 1,OQ% . ,�� 00% _. _ _ . _ 100%0 ,� ,�1 O,O�o; 'i !i Rees Consulting, Inc. Page 26 _ _ _ _ _ I Eagle County Housing Needs Assessment 1999 !•1 .' • r►'_. This section of the report examines employment patterns in Eagle County since jobs primarily drive demand for housing. The following topics are covered: • Employment status • Number of jobs and employees; • Job and population growth; • Employment by industrial sector; • Average number of jobs held by employees; • Number of hours worked per week; • Seasona( fluctuations in employment; • Working at home; • Employer perception of emplayee housing problems; o Unfilled jobs; o Irnpact of housing and transpo�tation on employment; • Language barriers; • Seasonal employment; • Job growth over time; • Projected changes in employment; and, • Job:space ratios. Employment Status Approximately 90% of Eagle County's adult population work: • About 68% work for employers; _ . 0 23% a�e self ernployed; and, • 9% are not employed (retired persons, homemakers, students, persons seeking work, etc.). Rees Consulting, Inc. Page 27 _ __ . _ _ Eagie County Housing Needs Assessment 1999 Self Employed 23% Employment Status Not Employed 9% for Employer 68°/a There is little variation in this pattern among the three areas examined. Vaii and mid valiey have equivalent percentages of self-ernployed persons; Vail and down valiey have higher percentages of unemployed persons than mid valley; and mid and down valley have higher percentages of people working for employers than Vail. The differences are no greater than three percentage points, however. Ernployment Status by Area Not Employec Self Employec Work for Employe[ 0% i0% 20% 30% 40% 50% 60% 70% Percent of Area Rees Consulting, Inc. Page 28 Eagle County Housing Needs Assessment 1999 ' Number of Jobs and Employees There are now approximately 38,140 fuli- and part-time jobs in Eagle County as a whole. This estimafe was derived by inflating the 1996 U.S. Bureau of Economic Analysis (BEA) estimate of 30,286 full- and part-time jobs in Eagle County as a whole by 8% per year, the average annual rate of growth in wage and salary jobs reported by fhe Colorado Department of Labor and Employment for Eagle County for the 1994-95 through 1996- 97 time period. This estimate is significantly higher than estimates often quoted frorn the Colorado Department of Labor and Employment. The State's estimates include wage and salary positions covered by unemployment compensation insurance, referred to as ES 202 jobs. ES 202 jobs do not include exempt wage and salary positions (i.e. jobs with ce�tain utilities and non-profit organizations including churches) or sole proprietors (self- employed persons and jobs on commission such as real estate agents). The State estimated there were 24,729 wage and salary jobs in Eagle County on average in 1997. The following graph shows the relative growth in total full-time and part-time employment, wage and salary positions, and proprietars' employment between 1990 and 1996 in Eagle County as a whole. Wage and salary employment rose steadily during this time period while growth was much slower for sole proprietors. ae000 30000 25000 20000 15000 10000 5000 0 Employment Estimates, 1990 - 1996 1990 1991 1992 1993 1994 1995 1996 Source: U.S. 8ureau of Economic Analysis Rees Consulting, Inc. Page 29 Eagle Counry Housing Needs Assessment 1999 Empioyment estimates represent the number of fuii-time and part-time jobs in an area. They should not be confused with estimates of the number of employees. In most mountain resort communities, multipie job holding is typicai due to low wages, seasonal and/or part-time work, and a high cost of living. It is estimated there are currently 31,785 employees in all of Eagle County. This estimate was made by: � Taking the total employment estimate generated by the U.S. Bureau of Economic Analysis for 1996 (the most recent year available) of 30,286; • Inflating it by 8% per year to reach an estimate of 38,141 jobs in 1999; and, • Dividing the number of jobs by 1.2, the average number of jobs held by each employee during ski season. This estimate is for the county as a whole. The Bureau of Economic Analysis does not provide data at the town IeveL Job Growth Compared to Population Growth Eagle County's population increased at an average annual rate of 5.7% between 1991 and 199i. During that sarne time period, it is estimated that jobs grew at an average annual rate of 7.6%. The average job grov✓th rate is almost 2% higher than the population growth rate, indicating that the number of locally available employees needed to fill jobs has not kept pace with the growth in employment; commuters are filling jobs or jobs are being left unfilled. Population and Job Growth Compared 4 ''a� x_i a.*'�'•••?'.f'!{v�-� . -5,� .,�,�..;.._�,..:�y �v—K ,; ,,,k.,'i,�y'S'ya �,''t'g}",4.t�&e�, c�'1'^r°?:�s.: .xr . T �����;�,��.,� � opulation �.� � ate�o# Cha .nge �� �„�YTota obs,�� ��Rate.�of Change � 1991 23, 073 21,103 ' �.wa��'y'�Ty:+�z" � ti �r� z,r��tl�'�',°`-,�g C adYtS�'�"x=�'g2"a•,,a.rer5-ze�,? r<cnfi' ..j�" �a' .99� � e�`� 4w2�:3'��" �9%0��.� _���.�����` .u� �° }��� �� ���.,.w...rus�se� '.^ 'r �-" K'*` rs � � � IO':', �s awex 1993 25,716 6.2% 24,212 $.9% J94.��� � ��..�6$"� �- ��'`�".� "fi:8�°lA �`��"`�• %'r � "` �,�6 �`� ;: ' '' r, r�.��"°o,�`;�� ..�,��. a �;::,d:��.,:�. .� .�.,,�..., .�. 1995 2$,860., ,. 5.1 %, 28,517 6.7% Z(w�% 1� �+�+�w��i 'Y'v'6P}�TiM� �'.E°^t�j1�'^�Y �'T�.�z�r�a+�� R �: -�, ���� � . ����.�._.... Z�r,�'�r''�.�f�`,.�.�.�.'�'�O> "'��.a� �...�'fis,,, ���� ��V�� �, p..�'�}S7 L��p�� _�TT��� c .�1'�eSw..�.� � �4'S,. 1997 32,099 5.6% 32,706. 8.0% (projected) (projected) Source: Colorado Division of �ocal Govemment Demography Section, U.5. Bureau of Economic Analysis Rees Consulting, Inc. Page 30 , 1 �� �_ J Eagle County Housing Needs Assessment 1999 Employment by Industrial Sector Approximately 58% of the wage and salary jobs in Eagle County are in the retail trade and services sectors. As reported by the Colorado Department of Labor and Employment, the ave�age 199? wages for these jobs in Eagie County were $19,492 and $24,921, respectively. Services 36% Wage and Salary Jobs by Industriai Sector Transportation and pubiic utilities -0ther (mining, ag, 3% wholesale) Government 3% Construction 15% �anufacturing 2% Finance, insurance, real estate 12% Source: Bureau of Economic Analysis etail trade 22% BEA reports that 15% of wage and salary jobs are in the construction sector. According to the survey, construction and trade jobs are the primary source of income for 13% of Eagle County residents. The following table lists the primary source of income foc individuals, as well as the average annual wages by type of employment. The average incomes may be somewhat high because of the overrepresentation of owners in the survey sample. Rees Consulting, Inc. Page 31 _ i Eagie County Housing Needs Assessment 1999 Average )ndividual income by Type of Empioyment �.?�,`"-'r,;�;i't�roM�°cw;�""f,�„�..+�n;gn,a�.��r--��,.�rY i.,-cr-...; ;_..�.. ..,.�,.— .,� c�n .h,„� '�C r � ��rimar.,y�ource:�of:income` _ Indiv�iival income fOla lnd�v�duals� _. .. _. .... _ _.._ W ...�„ r ......,._._.r..._..... . Professional services $73,136 27% _����{tx';�a,�t'..''..,`�_^��,;�„y�f:,,Fi;t,'w�..'"-'L;?.:'="� _ . : 'T:bT��.-�^- -�r,.^-' Li-S:r'a�tt'_.. L•'w.�-r1,+°•� ��-..r.zn� P ;;'sF4s. �r��ctioNtrade ������„ �.:..��...w. .. .. a.s_��62,025:�,,�., � . �;� ?¢�',�,3��.�.� 7'� ( - s.,. :...��,'�.�r� Retirement $63,134 10% �` �' ,f�:n s�'Z4�':�"c`"+�"�+a^",ri"`",,,,-- �-'F^�* r= -r R'r. : a:=a-, .. , , � „-+« �,� r f,C, a n-^a3�:�;�^: r���rem erii- .�,.�'� � , - .,�:.�' °� �� I �.:�,-� ���� � 1 .�.._......__ ..,L� . , ���,584�._.���. �� � �9°l0 � isF=�:�� • •..•.7F:l.u�.�..<. '�..Caw.....'.-l�w Service $39,315 8% �'Y od1 � }lhofel/B&B �,�, .._:.. � ; ��3,840 ��t.� ;u �� _Y�..,.° .,�.� �� .� >�.�..�,..�.�,.........��y��--��- � 6✓0-� ;- School district $32,622 5% � -�,�:---� *.z--,�.-y �.^r.x.,��.-__� _ �.,_ . �. . _- - � ( �eta�ilgrocery/I�quor � ? :;::�� �56,436 5°l0 �.,�x.. �...�.. �.. ._ ._�...,_�,�.._.._ . _ . .... _._ _, ... ... .�._ ._.. _... .... ... _... Bar/restaurant ,,,:� Y:�- _-._x.�. .:: ,.�;,-:w.,. $37,678 5% I Recr�eation/att�actions ��.,,,_...�..__. ._.._��:,�.�.$36,053 �_...�,� 5°10 , ��; .n.«sw.��..n «r.n .wa . .. _.�..._ r . . .. v. a.r�.�.. r....r....�..-L.Y ..�. Real estate sales $82,548 3% � i?roPe.��Y�.management��4 ��_,,. �::_ . . Yw.. �9,933.,_ ,. ._........ . 2°�0�. �,. ..;. Utilities $44,488 1 % 1Ulaniifacturing� w4',�Ff, t,., .�ry $51,050 F� r_0% � ...,..,�:. -�.x.: , ,, r. . . .. .. �._. . ,.., ._ . a ..... �., ...�. ParenUinheritance $71,667 0% r''��""�`Tlyr��.:a, s .+.- -'. � . i yr . . 1 � d. � � . "�� . "'r;. � �V'ar�etiouse/storage �-�'��y�. ,_ . _ �, � A � ; - _ _ _ . .��,�.:x. ��.:_.. _ f�.�, �2,500.�:� . __ �:_..��.�.�0°l0���:_.�: 100% _ Variations between the three areas exist; mid valley has the largest percentage of professionals while Vail has the largest percentage of retired persans. Down va(ley has the greatest percentages of persons wo�king in construcfion/trades and in government. Rees Consulting, Inc. Page 32 �i t, i. i � Eagle County Housing Needs Assessment Primary Source of income by Area ! ' S�,""�"' �`r'.Sh-t�.�,+•—•� tKi „'i'{1 +krt x - - � a?^_ ,.;,.*- •:.,-.- ., ..�� � y.,...s..�, =.arvL.,,�w,�,d . � '. ���;�'��'�3�'�;�_,�w:��,� •' � �; ��.�„ i/A1L _ r � _, �MtD. VALLEY= eUOWN VALL �� .� - ...�:�,......�....._El�� Professional services 24% 31 % 21 % -a. �-� � �:;�� . �: -; —�;,-.—r:.. �.. 1. ;,;�;••-.�-s� .�-� .� � zorts'tr �tiotiltraties„��� �:�� �.. ��g°� :... wF � �: � ;92°l0 ��.-� �R � ; <� 810�..��` � � - ,.�.��. �.�.,.-�,. Retirement 12% 9% 10% ��"��.��;����.�.��.*� .. .� ;_ .. � , , t.. ,.,,, 1x .n, fi,+�Fy'sy�.:� 1 r' . �x' 0 r�', ''�x 4 r:ti^""'4 � � y. 'jY"aw. T, � �:7Cii/i'.rt'lflaGnt_...Y..r.:y�;::`n ''�t.. . u�...,.,.._...._��4 _,....... r.,..�"1....._..m, rJ �0.'�.� ✓ r:,!sa�-..,."�'t+:,..,...�'.�..,,'x � V°!O_�'"r �.._ ; Service � 9% 7% 9% ��-.�,�;gPr:f'-r,.:�::,,"c .._.�.,..,,,",.� ,.m`,�.:�. r,.�, v,,. ;, . �-.r,� _ _ .,..,,s.,.._,,, �,+e✓?,'C;''� �:=',x'"��'r'';'...: �n.• �r,.,«�r� . �L�o�gir�g/hoteUB8�6 . � .. o "' 1 a } ,� 1� f .� 5 ,�,_ �,.is...,,.�� :.,�.....�;�;..rJ' �o ,.:.r. � �, �%�a�,.:�"--�,� _,''�'�7t�l,,+ti..fp,5.'�b+.: . . . .. .. . . , u ia.. ....,w...>..'I i:4� . ' j School disfrict 6% 4% 7% E'�� "'�%`Y';?' ,,� � , zi �+ ."1'u'�' }.xt'"c' . � F'- .-^t -. � , . . �u4 tz " c �ftetail/g�ocery/liguoc � �� r: � . ._: 7°fa._ . ' °` '`� .�r� 6%' < „� t � _ � � 3°lo r �� � . .. ... ..,- �....:_. .. _.�.:. �� e:,...,w v... ,�.�.. . � i Barlrestaurant 6% 6% 2% `: ��'�,:rr�.F;.::,�:.':`Ti�!;.'tt'.etr.ifs�.+�t:p �. (;. .-'r �.r,. }° . . RF �.++'�j'�4...r �i . �. Sr ,�fi .ya �f�ecreaticinlattractions;�� F� :7% , �5°l0 }f,: �;� t �r �;4% `` ... 6_;.�..._w . ,.r,. ..�.,.-- -., . _�s?.'• �.1..�_..__._...�_ __.....� i I Real estate sales 4% 3% , 4% ��n • � 1�v�-r,� . . � . -+r^^, rv • . �Rropert�y management<.m .. ._., .. . 1_% .... ..,�., 3%�.: �� °:._..� . .. _,._�°�a . .. �, Utilities 0% 1 % 1 % ��y � >�c- o � � . � �N1an�ifactunng H ��' ` � � ` 1 % � L ` � '--�' : � . . I . z..��.x,�.�i:�w 4....� :_ ...,. _..,�,. .. . . ....s. ._ _...,.i 0 /o.��-�,«��-`r: �w._ .:...'�,..t:":�._.: �..%� � . _..c�u ParenUinheritance 1 % 0% 0% �ehouselstorage�`�,�������' �:1%��� Y�r�.,� o-,����� , s ����`p%^,�`�i�: .��.. w.,....� ,�.:,. _ . _:;:.,.E �.:,�:.w�_..�.�? �:r�F . �....�.�.:�.�;_ � . ._ ..,.,... 100% 100% � oa�io Nurr�ber of Jobs Held by Employees 1999 The estimated 31,785 employees in Eagle County hold 38,140 jobs on average during the ski season when about 23% of county residents hold two or more jobs. Only 14% hold two or more jobs during the summer and 12% hold finro or more jobs during the fall and spring seasons. Greater percentages of Vail residents hold two or more jobs in.the summer and winter seasons. Only 4% of county residents do not hold a job in the winter; almost everyone living in Vail holds a job during ski season. _ _ __ __ _ Rees Consulting, Inc. Page 33 . Eagle County Housing Needs Assessment 1999 Number of Jobs Held by Season ��;��y "���,� # of Jobs `OVERALL �;. VAIL r , �MID i .;� �:� DOWN i . ����..Y.. .�«.. t� � E � -�.`�:r�'.`'�"�"'r ;�.::. k :.y�.:...: _� ' �,_...:r�.::.... . ._ .. :, VALLEY . . ,.VAI.LEY SUmmer 0 9% 1 Q% 9% 8% _... __. __ � �._..: .. . _ . ,._.. _,76°k � _ . .72%. ; � �76%0� , ��:'. ::�;79°fo`-; �:� 2 12% 17% 12% 10% :_.... ;� ..., ... . ;;; : :;; _'. 3 .:.. ,., ...;�� 2% 1% 2% 2°10 Average 1.1 1.1 1.1 1.1 Y� i ��i.'�n' .f,�)' S tt ' ' .: `�:S��t'����SOtI�. '� ,�;.� '.M "�..4%. ... .._ 1°l0 ; ...: .4% .. _ 4%;. ������"`�` ��=`w 1 74% 73% 72% 78% �'�''�Y��;'� .� ��, .,�-� x �,� ?%� �rF�kA*.�js { � � r , , ,. O ' 0 0 O � ,�;,�'�,.�,r„� �,k . 2 . . 18 Jo 20 /0 19 /0 14 /o "5��,� �a`•�,�j,�'4:"?;'.:':: •r:� 0 �•` ���;� -.3:- 3 5% 6% 4% 4% -���:.�,� ...�;;::. ���,:'� s�te'�t�t..�,. ,. `::-_: ", _..., Ave;cage� �; A, _. 1.2 1.3 1.2 1.2 Spring/Fall 0 10% 8% 13% 6% . . : ...:. .. � . ,. , ; 7$% $0°10 74% 83% 2 10% 11% 12% 8% '',: , ..,.;.3 . , ._ _ . _ .. �:;.2°�u .' 2% 2°10 3%.. Average 1.0 1.1 1.0 1.1 Most Eagle County residents have the same primary job in the summer and in the winter. Vail residents are somewhat more likely to have a different job in the summer and wi�ter seasons. ,oc sa eo �o so °,6 so ao 30 20 10 0 Seasonal Job Changes Same DiNerent Rees Consulting, lnc. Page 34 I� � � , Eagle County Housing Needs Assessment '1999 Hours Worked Per Week On average, employees in Eagle County worked 43.5 hours per week during ski season, 40.3 hours per week in the summer, and 37.2 hours per week in the spring and fall. Residents of all three areas worked the most hours per week during the ski season and the least hours per week in the spring and fall seasons. Average Number of Hours Worked Per Week x � m 3 � m a v m � `o 3 � _ 0 x m � A � m > Q Vail Mid-val�ey Down valley Overall Seasonal Fluctuation in Employment Eagle County's seasonal fluctuation in employment is typical of patterns in other _ counties where destination ski resorts are located. The number of jobs peaks around December and drops sharply in May. In 1997, for example, there were 6,659 fewer jobs reported by the Colorado Department of Labor and Employment for May than for December. Using a standard of 1.2 jobs per person, this means there were 5,549 fewer employees in May than in December. The seasonal pattern of ES 202 employment in 1997 is illusfrated in the following graph. i ,i,, � Rees Consulting, Inc. Page 35 I Eagie County Housing Needs Assessment 1999 30,000 25,000 c E 20,000 � a n E w m i5,000 m � a c R N � >� ����00 7 5,00� 0 Jan. Feb. March Aprii May June July August Sept. Oct. Nov. Dec. Source: Colorado Department of Labor and Empioyment, Labor Market Information ES 202 1997 Employment by Month Location of Work The vast majority of Eagle County empioyees work at the empioyer's piace of business. Only 12% work primarily out of a home office or in a vacation home. Where Emptoyees Work Primarily servicing second homes 5% Primarity in vacation home �% �-, At employer's place of business 83% Primarily in home office 11% Rees Consulting, Inc. Page 36 Eagle County Housing Needs Assessment 1999 Siightly more Vail residents work out of a home office than mid-vailey or down-valley residents, and slightly less work at the empioyer's place of business. Where Empioyees Wo�k by Area Primarity servicing second homes Primarily in vacation home At employer's piace of business Rrimarily in home office D 10 20 30 40 50 60 70 80 90 Percent oi Area About 29% of Eagie County residents have their primary winter jobs in Vail, with the same percentage having their primary winter employment in Avon/Beaver Creek/Arrowhead. Very few residents have their primary winter jobs in Gypsum or Minturn/Red Cliff. Location of Primary Winter Employment MintuMRed Cliff 3% Gypsum 1 3°� . � I _ Olher Eagle-Vail i �°�° 6% ' ':i�:: .'u_,:;, Eagle 12% Rees Consulting, Inc. AvoNBeaver Creek/Arrowhead 29% Vail �.,_ 29°h Singletree 11% Page 37 I. Eagle County Nousing Needs Assessment 1999 ,) i Length of Time in Business � The employers responding to the survey are, for the most part, well established. Almost haif have been operating more than 20 years, and almost three-fourths have been operating 10 years or more. How Long Employer Has Been in Operation > 20 years 45% 2 - 5 years 14% 1 V � GU YCtlfS 29% 5 - 1 o years 12% Employer Perception of Employee Housing Problems The employers surveyed were asked to indicate which of various categories of employees have a f�ousing problem, then to rank the housing problems on a scale of one to five (one = no pro6lem, three = moderate problem, five = major problem). Overall, employers thought entry-level professionals have the most serious housing problems, followed by general laborers and seasonal workers. Upper management employees were perceived as being the least likely to have problems with housing. ..s . �.5 � 2 .5 2 1 .5 1 Employer Perception of Employee Housing Problems ae��ona� cnvymve� M�a-mpmt Uppermpmt KcbiUservice Gcnllabor workets proletsionala olerks Rees Consutting, Inc. Page 38 Eagle County Housing Needs Assessment 1999 Employers were also asked which is a bigger problem for their business, employees being unable to find affordable rental units or employees being unabie to purchase homes. Over twice as many empioyers thought the bigger problem was that empioyees are unable to purchase homes. Unabie to horr 68% Unfilled Jobs Bigger Probiem Unabie to find ^u^rdable renta! units 32% The empioyers responding to the survey reported they currently have a totai of 229 �, unfilled full-time and 196 unfilled part-tirne jobs for a total of 425 unfilled jobs. These same employers reporfed that they had 7,482 year-round and winter full-time jobs and , � 2,069 year-round and winter part-time jobs, or a total of 9,551 peak season employees. � Applying these findings to fhe area work force as a whole, there are currently an estimated 1,678 unfilled jobs. These estimates were arrived at by taking the ratios of unfilled jobs to total jobs reported by the employers surveyed, then multiplying by the estimated total number of jobs in Eagle County in 1999 (38,140). The employe�s reported_they.had a_total of_1OS unfilled full-time and-102-unfilled-part-- time jobs this past summer (210 total jobs). They had a total of 4,474 year-round and summer full-time jobs and 651 year-round and summer part-time jobs, for a tofal of 5,125 employees during the summer. Applying these findings and using the above- described methodology, there were an estimated 1,564 unfilled full-time and part-time jobs last summer in the wo�k force as a whole. The bar and restaurant industry reported the highest average numbers of currently unfilled full- and part-time jobs. Government had fhe highest average numbers of unfilled full- and part-time jobs this past summer. It should be noted, however, that , Rees Consulting, Inc. Page ;j Eagle County Housing Needs Assessment � 99g � i these findings may not be representative of all empioyers in the study area due to the size of the sample. , Average Number af Un�lled Jobs by Type of Business _ .,;�_� h�.��� .�;r�:. �,,,: ._ _ .._ .,,- - -- _ ,-.r..w..�.... � � .. . ^ . ,,,,._,,, •�..::=��•*a�. � ,, �,-�T,�,,�� �� ���Type�of Busmess ��, ,Current . ; ., Current;r � Sumrner,. � Summe`r� r � :.;�`���' �� �t ? � �. �.L_s �'�._:_.�_�,..�,, .�` fuli. time � . P..art, t�me � � Yfxill-time �` � � �� _ . ..� . .�y, �,:Part::time.c�.: Bar/restaurant 2g 2� 7 6 �4' a�cra."'� 71'^T' h r'F P,.�"'!'rs� ,� ."' s. .. , � e:crea£ioNattractions/amusem ` tl ' � ; D; , 9Q ��10 � � 1 �`��z(��i��� � ��"r l' �'��t�'�f r,'` ' �-�r `3� � �t.a�.,.c..�tve+,E,Frw..�.Y...�r:.�:�...<�Li....,.__......�.w�� �. _..,,_..., ... . , .. _ . . ,. .. _.. �. �..<.._....i.wr.s.. ...,..,.. _..... 4 „��.._�..Y, .�"�t S t r i�+ SC_ _ .. Retail/grocerylliquor 0 0 0 0 �.:��.�R�. ; �.� �-.-.� x .� - - - ��Qte��. ' �j . a _ . , �+ . .r__ {��.r, ��cxR�iY.,�.�....�.y .... . ,_ _. � . .. ,. ... .__... . v . .. .. . � _. ., ' O ... . .. . .. ... . 37..' _ ._ Property management 0 0 0 0 Fii�..:a.snis`Yt''A _ :� . . ��- . . . .. . . .. ... �. . �;.CornmerciaLsernces � � p � p � ' ...�...�.�._,.__.._.. .W.....� ....... �,.. ...��._. .,�.._ .. _. _ . ... _. . _. � .,....� � _..�.,.. ,,._. _..,.�?�w.....,.. Professional services 0 0 1 0 T � ;` Govemment Y 12 .19, . _ _ _ . 12 ,. .....�..�,..,...._. � _.._...�..,, ._ :.,w. � ...: �.. ... _ , ; _. ..: . . � . : �,._. . �. . . .. .. . . .. . .. . . . ....... .. ... : : 14 .: , ".; __ "- Real estate 6 2 0 3 a . F lJt�iit�es'x � ; , 1 0 _ �..:_�.y....,.,..h...,�_ .....��,_r .. ' � 2 ,.�.__ .. .... _... _ : �,- _....._� . .... �....,_. ... .. 0......-.. Construction/trades 3 0 1 0 � ���.-�� _ _'�.�'_ a._�_, f � ._4;:,. . .��.._ . � _. �.�., _ 3. � , 1 2 1 _... .. .. _.._�..y ..,. . ........ Irnpacts on Employment The employers surveyed were asked how many peopie were not hired or left their employment last year because they lacked housing, transportation, day care, or parking. On average, about four persons per business were not hired or left because they lacked housing; much smalier numbers were not hired or left for the other reasons. Housing, Transportation, Day Care and Parking impacts �"'�'-`,�," ;�.c'y.� i'"'�r� .`'�,r 5�'4-. �y �'Y ^�+a�*.r.r^...,F m�r•�. Yr�''R'S'�^r� s*�r rA �s�. y-"" rr t�'�,�"rivf�-�r`�'°� �,x��.,�� � ,� ,;` ,,� �� �� ��.� # Peopte ,�;��'� F� �a�People b �` �' �' �� � r '�'� 4 � �Q. 'n r .s�X� �. f y �c t r,�� �"�'��y' ,�, �s �-t�"�� r�� � G � , � � ��,��NOt� H�red/Left��- � � ;1 ������ t����.�`� 2 -3+ RF'� , � �� J, �ra ..�..��_.�.�� � .�:��.. �w�.�.s.,�....,r...� .�� :Not:Hire . Left,����` � Lacked housing 139 3.86 �����._, �l•,"•�im�2fi�...�'�',�''fi°71 vY�""�'t �'rz` z °s�%'�;;,} �+�:t,�q,yr,a,�a.�:. ; � xC:Sre=' � ^'���y�r' s'� �5� � "�""",v%' Q F, :F� .ti/ ���p �.j ,t i t,�r t4 :�" � ^J ,7ea„ �G7� VI\fr�i'.tr,ans;�rtafion3� �'s� L �q��, e�'i .l +ry,%-�;'� /��f_�q'�L�I�iw" r,� tG'a.t, vte (i !t ::..:s:��.:_u.a.a�w.�c.wLawr,_.:5�_ .as<a�r.w.�xif.�so-�;.u.�+..i���s.. �.:�,"�,u,iLr.x..�':i.u.:.�r'L'A�b...��ui'_�"ib..�C� : ,�' '�LU�"�-.Y'�t1 ��.kr������ Lacked day care 7 ' .26 �i�ac"�.�"'e",-�"'��r«".s"T`H°"t.�wk."..„�:'-,�', } _"+�,'� 6�5Y"Cr�s �-��.-',,i�,�"�»�� G��i,,'t"�'"�'i -5 � �s Y '� ed �i3�� � :��at� YaEE r, ; � �. { r ,,:r r ,, 1�^.,s a' �' �i,h ,r".r+.,�'. .�x nt�',,{.,,:' �L:..n.�st'.www��.z..�i'f`*.t�a'� ,t.y1.', ��"'si 2;��.''e.�.e�,me.e=..'t*..f.t?�.�'�"'�'ii:,t�`�`xas��,��::i�;� ��a��s:.��.��-�}��.u.'"'�'.� 7� � About 12% of empioyers surveyed reported they had moved their primary business in � the last three years. None thought the mave improved their ability to find employees, however. � ,l �, Rees Consulting, Inc. Page 40 �' Eag(e County Housing Needs Assessment !' Language Barriers 1999 Employers responding to the survey reported a total of 727 empioyees who do_ not speak English as their first language. Based on the sunrey resuits it is estimated that roughly 2,420 employees in Eagle County do not speak Engiish as their first language. This estimate was arrived at by taking the ratio of the number of employees who do nof speak English as their first language (727) to the number of full- and part-time year-round and full- and part-time winter jobs reported in the survey (9,551), then multipiying by the estimated number of Eagle County employees in 1999 (31,784). Summer Seasonal Employrnent Employers estimated that most of their summer seasonal workers live in standard housing (apartments, mobile homes, townhomes, etc.). Type of Housing for Summer Seasonal Employees Motels 2% — Non-winterized cabins 0% — Camp Standard housing 94% Job Growth Over Time Over three-fourths of employers surveyed reported they have more employees today than five years ago, while only 7% had fewer and 12% had no change. � Rees Consulting, Inc. Page 41 ! Eagle County Housing Needs Assessment 1999 Number of Employees Today Compared to 5 Years Ago More employees today Fewer employees today No change Not in business five years ago Almost 38% of those employers reporting an increase in the number of their empioyees cited expanded hours or a more demanding clientele as the main reason for the growth. It appears that these employers are doing more business with the same square footage, thus necessitating additional employees. Another 25% have increased the number of employees due to an increase in size or number of locations. About 37% of employers chose °othe�' as the main reason for having more employees today. Oth 37° Main Reason for Additional Employees Increased size ;'— 17% Increased number of Iocations 8% More employees in same space-more demanding clientele 19% employees in __..._ _pace-expanded houts 19% _ _ Rees Consulting, Inc. Page 42 l i I � ' ��. �� ,I � �, (, ' , l. � � ,. I. I, 1 � � �. � ', � , Eagie County Housing Needs Assessment 1999 I Projected Growth A6out 42% of the employers surveyed anticipate increasing the number of persons they empioy during the next year. These employers stafed they intend to hire a totai of 75 employees. Based on these results, it is estimated that 300 persons wili be hired in Eagle County during the next year by existing employers. This estimate was arrived at by taking the ratio of the number of persons employers plan to hire (75) to the total number of full- and part-time year-round and full- and part-time winter jobs (9,551 } reported in the survey, then multiplying by the estimated number of 1999 Eagle County jobs (38,141). Increase 42% Job:Space Ratios Projected Change in Employment ttte sarr� 58% The number of jo6s created per 1,000 square feet of space varies by type of business. Impacts to housing caused by commercial growth can be understood by quantifying the typical number of jobs required for certain uses. Standards can then be adopted that require new comrnercial development to provide housing in proportion to the need created by the new development. The following figures can be used to develop such standards for commercial finkage programs. Eagle County employers were surveyed to determine the ratio of employees to floor area. These data were merged with data from surveys of sixteen other mountain resort communities* to provide a more comprehensive analysis. , I Rees Consu{ting, Inc. Page 43 �! Eagle County Housing Needs Assessment 1999 I, Employees Per 1,000 Square Feet and Per Room/Unit by Business Type �,\* w�� x.���?L y.-a�S�'"' Okr:^^a�vr:r)i.�,..- -�e..: . _ ' ' :.:.w+n•.-1: � �.:e�� p:x�'�J- .a. J'y 7rti,-u� ! z::2. �� Yf i v� AYr ' fc. . a . � � + � . �Y.r �s�'� �'4` ���..`s'iC'�t�. �a ��5.���h� �� �"�.�°TYpe bfi U�e � � - � Employees Per ,x ># Ca,(�si.,�es �;�'�. i'+�r.yr�f, j y�,�+ys�.a7r� .j,-""�^g ri .y.� �a .�. .� a . - K � � c � . r^ $',�.( /� ' F r , e7'f'�'.,,,� 1 L r'a� t �`y�, ".�"��"��f.s.:i$"..�' i�c. �'�:�P-.•��"��i_� �; �.i,r�� �"» .. 1� � �_� - -- •-� r�, i 0��'V0._.Sry ui�re�,'F�t- �� � � t�� � 'u' �� s. , �a„�„ !.•-i.�t .. ��.-..,� ��..... Y;' � .,u.7 .�r.. �. `�!�i...?^r ��+x� Bar/restaurant 7.37 132 ��� � �Tr:r.....-v. � tiw+ w -e-...�.�r1�...- .....�.�,�..--..i.;1 v,�n�'Yf' y.'�e;?YK�7.!f��r. }�s� �s,:�o�lation`�� = a'� ,�.. �..;�z : � ��.�_. . . �.�.... � _. �..: : :::7�19� �� . �.0 «'��k:,y:::,, s �.� �,��� '�...��.:ssi:.�a...,� .. ��.� Other 4.61 21 �--�� - -��; ��r--:..._,�;,�.�:.,�.:: - .. , _ . .,... c�: r �.a-s *rti. .r , . . . ; e"- � �a,- , , r: � �. y .r"�r`j "B s;j 4<?,', -ri.ry . � iav ^- S i area/recreahonfattcactions amusements , , 4�49�M14;;�,w„�;.:w; ��,�„ ��,��,�8�� � t.. �_ . ..4.�_._._.._.�,..�.�....._,.._._..__..._�J,.�...._... �.. . . , ._._�_,�..._. ' � . �' _� �. t.; � � � Constructionitrades 4.47 105 .Y".Ni , : . � . � . .4 . . � .... . , .. r ,�ofessional services `� � . . .�rt: � � ., . . . .� ����.:_�.� ....� .,.� Y.�. �:w:� �r227 ��_�: _�.._.� .....�..._._ _..__, �..L�_..._�..�_�_ .._�.._ � . Financernsurance 3.21 32 , � .. Real �estate ` �r, . � �: 3 20 s . � , . r, . 25 w_..�..�...._.._ .,.Y.. _�:.�...,x�,_.�.�.�. .�._: . :_:.. , n ,� ... . M....... .�..,.�.:.�.�_. ���.�_... ..: ...,.; General retail/grocerylliquor/convenience 2.96 288 � „ ... . . k . . . . .. . ., z�ther s��rvices ��:,_ � ...� : 2.89 � .. .. � 151 � , �...:a...__�_...a_.._. . . .. ._. . .�_� � . .� - - .. Education 2.33 15 gG�--v ovemment ....._._.,.�..w...t__ __�.. ,�..._ ... ._..:_ ._... �..y..,�__ ... .�.24,.,. . ..��... ,.__ ..... ,.. 4�.._. _�.. Warehouse/storage 2.08 1 � , � �, . , � � iService commerciai � , � '� 199 __ . ... � - - .�_.�.�, __.., _w. ....�. ._...�. �,1 _ . .. . �.... . _._ _ . .. �v..... _ , .a > . . . ' .. , ._. � : Utilities 1.75 8 �- , ... �-� , , .� Manufaciunn9_.�A�.� ���.�., �.���_.�>�_,,.� . , . _..�.� .. �._._ � ..�..�.�$ �._�< y,� j .�., x.. l : 1 ' `Al' �.J" r� •� .�` Ya _..,+-.i,'v� a�.S�Y.� � wa�..Sr.a ....� .....���. '�'dt�...i.� Employees Per Room/Unit J'�y��j�:n +;, .�,'��'.i l . a F' '?. u w3'.i � .� ' a � � } r. - . � Y 7S�'Ty rr'� ` i rRt� ��1,. r ' �c�i.,.:�a,......;.....`l...._,.i� °.F f ��.n ai �4.} `J 3'fa ''^`', � Z � l. ? � d � � 'i. . . �w . Q •x x ; V\G�S�Oa III � J� T �4� . . } :'1� � �.La L.���;. w� �t.a T� ( �'.,.{{`„i 'k�..2�. �.A' , �a�.vi+Fc�ur.._J'.:Lw:Lu.r...h,�k..�,.:a..,.,..a,.:o<.:n ...�yn�v.a..�. e•-.;:u.:�..�_.......�...,...-.-yw..rr,e: �.wa,�.:k�. lx•=rt�ew4=.�r:^:u.,.3..��-. �v w:,:i�,� Property managemenf .30 14 *The merged data set includes 1,220 cases from surveys of the following resort communities: Aspen (1991); Blaine County, Idaho (1990 and 1996); Chaffee County (1994); Eagle County (1990 and 1999); Estes Park (1990); Frisco (1998); Grand County (1992); Gunnison County (1992 and 1998); Roaring Fork Valley (1998); Routt County (1990); Snowmass Village (1999); Summit County (1990); Telluride (1993 and 1996). 1 Rees Consulting, Inc. Page 44 Eagie County Housing Needs Assessment SECTION 3 °° COMMUTING This section of the report examines what is often the least understood component of housing demand – commuting. Specific topics covered include: fi�'�:�'7 • In-county commuting through comparisons of where empioyees live to where they work; • Where employees live according to empioyers; • The types of housing in which commuters now reside; o Average housing costs; o Tenure (own/rent); • Household composition; e Preferences concerning where commuters want to live; • Where commuters work; • Commuting pattems (length, number of days per week, transportation used); • Sources of income and types of jobs held; and, • Number of jobs held and hours worked. Inter-County Commuting To examine in-county commuting patterns, a first approach is to look at where ; _ __ _ __ _ __ employees who work in a pa�ticular community live. This information was obtained from the household survey. Sta�ting with the location of primary winter employment in the top row of the following table and working down, slightly over one-third of people who work in Vail live in Vail. Of all the communities examined Gypsum houses the highest percentage of its winter ernployees-78%. Minturn and Red Cliff house the second , highest percentage with 64% of their winter employees living in those towns. Vail, Eagle-Vail, and Avon/Beaver Creek/Arrowhead house the lowest percentages of their winter employees. From this data it appears that employees holding jobs relating to the ski resorts at Vail !' and Beaver Creek commute longer distances than employees as a whole. While this ;; Rees Consulting, Inc. Page 45 � (, Eagle County Housing Needs Assessment 1999 1 report does not provide information about employees of specific businesses, by examining survey resuits at the town level it appears that ski-area employees are more � likely to commute to homes throughout the area than employees in other cornmunities. Abouf 15% of Vail employees commute from Eagle or Gypsum. Where Employees Live . r _ ..mr:5r.�, z �x ••r , ::.y:+. . :. , . , �� s:,�r^;;�:r;'•-�::,;•,-- -� �-a- - - - - - - - • _ .,:�. n �"e � � +'a � ��:���.� k�,�;r ,.,.. � �� � ,. Location of Primary Winter Employarienf'�a,`13F ' �V� '4 - r. . : �.� s s�. +. ,...�. �.....,. . .. �� � �r,e. . . � _. . . .. . ._.. . .. .. ....... ..:,. � .� � wf.„�,.. �;2�: -�,..r} �{aru�.�:.. � Where VAIL EDWARDS/ AVON/ B. EAGLE EAGLE- GYPSUM MINTURN/ Reside HOMESTD CRK VAIL RED CLIFF �,.,�,.� � �,. ,�� .. �.. . .. . ��1a11r�-�"�w f�".�;_ �n�, , 35%0 ` 9% 6%, , :.�%> ...,�15%:� .. .,._�.� 7%. ... ......._'4% .r �.�� ..,,�,... .�� .. _. . ,.... __ . . . . . . MIt1tUm/ 6% 4% 4% 1% 4% 64% Red Cliff �..._w : , .. .. ��g1e-Va11�,,. , 13% � 6% 13% 4% • 29% .+ � 8% . �._ .., ..��r .. . . .. , __._ . ,. ..,_ „ . . . . . . .�. .. . . . . . Avon 11% 6% 30% 4% 8% 4% 8% �::�.�.,..tK a . �Ei�tiv8�ds/Htd r . �9%' ..::, , 'rv3% �: 29% 4% 23% . '. 4% ; : : 4% �. . ... . . .�... . ... ... __.._ Eagle 8% 15% 10% 62% 10% 7% 12% f% � ��-�.. ,���: ;:.:y . . .,?:.,..,��a i � _.... . . . . . ,- t;;,-��+ + 7�10 ,40�p . 0 0 . ,. . , ;.Y',��,Y.�sum=.��w ...�� ._.....;;.. �.� � ,._..� % /0 23 /o $% $°10 _. , 7 . _.. ... .. ___.... . _. .._.... :.S_ .�._�.� . ._..�,.... _ ...._... ._. Rural areas 1% 2% 2% 1% 2% � -�-�--- _ _. � K.ti,r _irrT�<.t�°�� '�, 100°/a ; 100% �` 100% , 100% 100% � 100% 100% �:...,.., 5,.���..�: h :..,�.,.�....�._.�.... _�.._�..,� �. _ . .. .. _ . .. . _. <.�. _ �.. _ ._ . . .� ..,...._... ,_ _......� __..___.. _... _ . , ........... A second approach is to examine where residents of each community work. Starting with the town where residents live in the fa� left column of the following table and working across, Vail and Avon have the largest percentage of their residents working where they live (65% and 57%, respectively). Where Residents Work �s�'J.•+i`3�-�ty^c.. � �� . .0 } .. �,a{X5 ^v�`�ti:a,"'::t.FCy'.i":'?t?"Y�,*'� a ,�..-a - •—•a,.; _,y' ' . .-,�c.:.p;yx:::=,?..y. " � � ..:. .�»...�. � . .. .. �..... . . .:. . � ,���.>,...:T � '��1 � t� ' �=,��'�,�_._..����:��,.: � ,;-����4���-��ocation�of Primary Wmter"ErriQloyment �'`�rr��r,�� �� ��;s;�������a ,� r��;; _ .. �. _.__� _ .. . _ . w .....y� �-r,....�.�::>x�,y.3.�..����_,. ..:.�,.:...�:� � Where VAIL . EDWARDS/ AVON/ B. EAGLE EAGLE- GYPSUM MINTURN/ OTHER ' Reside HOMESTD CRK VAIL RED CLIFF �, w• v ,.... �, � ps�^ �'���� "`�p� d �3��'wr+� n i -�aY�'x�^ -"'� .s,y •�sc�,a� .rav-t ,:C3 tfrr-• �0::�- ,��...u.�' � � , ; -� : ' `., �i65Jo. ���.��.'�..'',�',�,�,�,,.6„�; �;.� 91% � t,�;.,,,. �1 °lo �5°Jo �i{:���u �. J''' �"��° ��1�J� ��r ° , ' '�.._ ���:�.�s:�.:�� ��'s:�». � _ �.:° .?��....�.:,o ��;0.:� /'� Mitltum/ 29% 8% 22% 2% 4% 31% 4% 100% Red ClifF ,� ; �'�"� `���'''i1��� �4� ��� �� Avon 23% Eagle 14% �j±,.��.�-�..._ "r �vA �,� � �p i,ir�i°- k � �`�L7.lr �r.������ �� R Rural areas ��,�,.y ��ansa �'}'.�0:�.. p��T.,,c' r�e k O.� {. ��.,s, e. �xr^ .-a�.+�,.�.. •�,,.�.^x,`4y,. "yt.:o}" i- �^'ry�.ar � a�,'�,� w::<.. u""s,�� ����.,.+� �Q �.s3 �.�"'���0 ���w��p ���.,�a.u..r`�r..��� ��� �'„��:.. �0 ���� :4JA� ������� 5% 57% 3% 3% 1% 2% 6% 100% `r�f7�'O �k(�..��',..�*'�,r",n,- �°+0 ��7�ir. i3�'"'i�Tk" "'�lS��"'O �;;,k s3� :�Y�'F'�"`�'J . '�%"�" ` r .,5; r > � �� . �6/D��,��,��G�36/o� �.� �`,52�,,�%�� ` �6�a �'�,,����°lo� ��'z,%� °c�q �' g"J' .� � ��rv � h� ^�'-_' r+.s� !�'�*"ic.t' �'�w�;''��"�rL�'� ���"'"� ��. ; � s�� �,y���'• � �"�'`�,i.��F� T 4E t'. Fr 4�+J' A"l'.9� Ya4 <.r A� f.FS -yar'� �.. a'`K '� � :f'��4`..k7....6.... 'y�c.��, y LNi�'�`'`,.a?�� ~ °�'i.yt�-�, �.iaa._� �'�:r+ea'�:. _,..x:�:+2� �:=W aa..:.�3.sg.�'i't"1'-wx"x"�L.c3 ��!'..^ '`.:�, ,..�'R. �.�'., � '''ils-.,,� 10% 17% 46% 4% 1% 2% 4% 100% � r9 . �. �y�� . ,,, � ..F�.if,TY�.....;z �• �,-'n:xT�a �;,, p .: �,'+.ro�,u a �.�a: �r 's'',i",+',. r ..r � '"r,�*`>,�' 1 �� "4'Ta` �4 /o: �,��xw�;.�. �....3;�:8% �� :,.. ��5% %� ;-�,:�`f 4la h-� '' i� /4 �����.. .`'�,� ��"�J�o E±�-19.�0°l�� 17% 17% 33% 8% 8% 17% 100% i' Rees Consulting, Inc. Page 46 ; 1 Eagie County Housing Needs Assessment 1999 Empioyers reported that the largest percentage of their empioyees live in Eagle, followed by Edwards/Homestead/Singletree, Avon, Vail, Eagle-Vail, and Lake CountyJLeadville. Into-County Commuting � According to ernployers, about 14% of employees commute from outside Eagie County. With an estimated 31,785 employees in Eagle County as a whole, it foilows that approximately 4,450 persons commute into the county for work. Note that this estimate includes empioyees in the Basait area. It should be noted that the estimate of 4,450 in-commuters is lower than an estimate generated by the State Demographer's Office. The State estimates that in 1997 there were 8,240 persons commuting into Eagle County far work and 2,000 residents commuting out of Eagle County to jobs elsewhere. Because of this discrepancy, the estimate of housing demand generated by in-commufers should be considered canservative. Where Employees Live otne� z�io Ga�eld county 1% � Lake County/Leadville 10% Summft County 1% �Rural areas 4% : ;'r,.. Eagle � 20% Mintum/Red 4% 6% Vaif 12% Eagl�Vail 10% EdwardsMomestead/ Singfetree 17% ' -.13% . Beaver 0% ,, Informatian about persons who commute into the county for work was obtained through !! intercept surveys of persons living in Leadville where there is a concentration of cornmuters and at several jobs sites in Eagle County. Persons surveyed at their work , Rees Consulting, Inc. Page 47 i Eagie County Housing Needs Assessment 1999 are referred to in the text and tables as "on-site commuters", however, the graphs label them�as "Vail" commuters. � Languages About two-thirds of Leadvilie commuters speak and read English; nearly that many speak and read Spanish. On-site commuters, on the other hand, largely speak and read English but about one-fourth speak and read Spanish. Languages of Commuters r t.. a `�`'k����;`�. � � ��a-� � „�;�, `;.Overali . __ On-site .. ., __Leadviile :, �.._r..�..__.,._._..k<.w..�..�_..�. .._ ..._.. . .. ... . _....._ .. ._, . _._ Speak Engiish 72% 91 % 67%µ �;Re2�C1 Engl►sh��"...�:�:.� ._.. �,.;_�- .�`..... �72% ` 89%: . �67%: Speak Spanish 55% 26% 63% � .� �Read Spanish....�Wa w.:.: .: _r.�... _.... .....52°/n . .. 24°l0 60°l0.: Speak Other Language 3% 2% 3% � Read ;,,{Other: Language� �_ .� ': , 3% 2% , 3%� Vifhere Commuters Live Of the commuters surveyed on site in Eagle County, aimost half live in �eadville/Lake County and just over one-fifth (22%) (ive in Glenwood Springs/Ga�eld County. Another 12% live in Sumrnit County. Summit County 12% Glenwood Spg�,�o�����„ County 22% Where On-site Commuters Live Other 17% Rees Consulting, Inc. Leadville/Lake County 49% Page 48 I � �, �', I .' f ` 1 ( 1;� � � i �. 4. � , 11 I � � j . � �: ;' t 1 � i I� I�� �� ,i j , , � , i � i r Eagie County Housing Needs Assessment 1999 Where Commuters Work Most commuters overall (64%) work in Vail. About one-fifth work in Avon/Beaver Creek/Arrowhead. Much smaller percentages work elsewhere in Eagle County. Where Commuters Work � Other 1% - Mintum/Red Ciiff 0% � Eagie Gypsum %% . �% Edwards/Cordiliera 7°/a Avon/Beaver Cr/Arrowhead 20% i As the foliowing graph iilustrates, larger percentages of Leadville commuters (66%) than on-site commuters (50%) work in Vail, while on-site commuters are more likely than Leadvilie commuters to work in Eagle. Where On-site and Leadville Commuters Work G� Minturn/Re Edwards/Con Avon/BE CrlArroH 0% 10% 20% 30% 40% 50% 60% 70% Percent of Commuters at Given Location Rees Consulting, Inc. Page 49 _ Eagle County Housing Needs Assessment 1999 Description of Commuter Housing Unit Type As the following graph illustrates, a much greater percentage of Leadviile commuters (52%) than on-siie commuters (15%) live in mobile homes, while a greater percentage of on-site commuters (62%) than Leadvi(le commuters (20%) live in houses. ApUcondo/townhom Mobile home House Type of Housing in Which �ommuters Live 0% 10% 20% 30% 40% 50% 60°/n 70% Percent of Commuters at Given Location Housing Costs and Number of Bedrooms On-site commuters' homes have slightly more bedrooms than the homes of Leadville commuters. However, on-site commuters have substantially higher total monthly rent or mortgage payments than Leadville commuters, possibly because they live in la�ger units or more expensive areas. Leadville commuters have higher monthly utility 6il(s. Number of Bedraoms & Monthly Expenses E . • k : � � a,�,,�.: : �... � t�' u i!�? �... ,r --i h� ¢��' µ n-F"aw�� +--sr , ' � � � � ���� �, �O�erall�. ,; On site,���4`= ��,`�''�Leasiv�lle� � , : � a d� ,�' z� , � �. . . � r�t � ;} � �'97� ['��'C� k'ti,�+' ,°�+.,,"tr'�. � � �. �� ; . 'r . yi,,� ,4�"' µ, � � u .R xi"�'�t`''t�'�K.h.`��� �'�� ° �'" ����-�.��"� �,� � � c.-�� ��: _,:,... Commuters �� Comrri:uters�, �-� . .�_� � z :�,�,:�..�,:..�_� , k � Average # bedrooms 2.66 2.g2 2.57 F• ��."sq°".3:d�� . �.,5� . t�sT'Y• -�'�y�i.,� y .� .. . . . . .. . .. _.__.,. : m.tc�+ s sr�. �. ���-�e� =� � a� 9a�e:P.,mf� ����. f�. . ���530.48 ~ $838;92 � �-'� $ :� < < �� .� _..... .. , ..,.. .�._._,� ...,. . �.�`.,�,� �56 5'I � �.... . Average monthly utility bill $166.55 $148.76 $970.89 Rees Consulting, Inc. Page 50 I � )' � �' I' �: �_. � � ' r � 1 � / l (I, i � , l� � ' I � _. I I Eagle County Housing Needs Assessment � ggg Tenure Leadville comrnufers tend to rent (65%) more often than own (35%) their homes; on-site commuters own (61.5%) more often than rent (38.5%). Own or Rent �o�� so�� � 0 A o so°i J C m i � 40% � � m � E 30% E 0 c) `o � 20°� m 0 m` a 10% 0% Own Rent Household Composition Household composition of on-site and Leadville cammuters is similar except almost twice as many Leadville commuters live in single-parent households. The largest percentage of all commuters—almost half—live in households composed of couples with children._ Slightly under one-fifth of commuters from both-locations live in households - compased of couples and about the same percentage live in households composed of family mernbers and unrelated roommates. i Rees Consulting, Inc. Page 51 �! Eagle County Housing Needs Assessment 1999 Othe Family members anc unrelated roommate: Unrelated roommate; Couple with chiidren Coupie Single parent with children Self U% 5% 10% 15% 20% 25% 30% 35°io 40% 45% Percent of Commuters at Given Location Househoid Composition Over two-thirds of fami(y members of Leadville cornmuters also commute to jobs in Eagle County, while less than half of family members of on-site commuters do so. Family mernbers of on-site commuters are more likely than family members of Leadviile commuters to work near where they live. Many more family members of on-site commuters do not have jobs. Commuting Patterns of Family Members of Commuters ��1�.�' ��7.. .xi-.1 lsd��'� .t+'. g r� k r' ' : -:,.>, �.� �r . �:� ...�, - �:r:-�nr,e�^.,... �,.,. «' -,� "'"�'�' ^x � r ��� �-. ��s���.�� 4,L y� � �� if � Overall . -.. On-site �;.:`";. +r Leadv�lle ' > �, ��"S� 65� c+��� r^� S �4� � �'v�' f 4 .' .' ..� . � �_• ; ..AT iln? �i � . r � � �-°. ���"�;.<�J� r:�TM.,..-..,a,_ ...<:: .�;Commuteirs-i �Commuters� � �:,, ��...,.. :.. .._. . , . Commute to jobs in Eagle Co. 62% 39% 67% T 'i 'r'..n�',�qT.'Ft { V.nyM:��Y.'�' q��n � ,� � �t�w eren .� :�IVB�;���'� ��� `;� � 9% �w ��29%��' �� �"�� � 16%�`+?`�F� �^ .� . .,_. . � ....• a... �-. W � K �.�� �.�...,�; ._ �..s..Y �:� Commute to jobs in other counties 12% 10% 12% �B� _ ,or�e �� ,r e�.. ; . �r s } �-� � r,,-;�; ......,: ,�. �,.�;,;: .€,.:,_,. �,,,_, r�.� �- BTb�/'�'t1d�COt1lR1Uf,..,. .. ...._ u. .. 7%.:. i`_;. ,�� „ 1.�% , �tr1 �:f �F� �%� k� �`` . , .. ._+: � � � . 3+:.. � i_ . r.e Do not have jobs 3% 8% 1% � Rees Consulting, lnc. � Page 52 j f Eagie County Housing Needs Assessment �ggg Location Preferences Commuters at both locations were asked where they wanted to live. While the greatest percentage of commuters from both (ocations want to live in the community where they now live as compared to any other specific community, about half overall would prefer to live in Eagle County. The vast majority of commuters surveyed in Eagle Gounty, however, would prefer io remain where they now live. The overall results appear to be impacted by Leadville residents; approximately 60% of the commuters who now live in the Leadville area would prefer ta live in Eagle County. More Leadville than on-site commuters want to live in the Vail, Avon, or Edwards areas, while more Vail commuters want to live in the Eagle/Gypsum area. Elsewhere in Eagle Co Miniurn/Red Clif� Eagle/Gypsum Edwards Avon Vail Where now live Where Commuters Want to Live 0% 10% 20% 30% 40% 50% 60% 70% 80% Percent of Commuters at Give� tocation Commuters were asked whether they would move to Eagle County if mobile homes, �; apartments, condos/townhomes, or houses became available. Greater percentages of !; Leadville than on-site commuters would move if any of these iypes of housing became available; the greatest percentage would move if mobile homes became available. While on-site commuters were less likely to want to move to Eagle County for any type '� of housing, they were most interested in moving if houses became available and least interested if mobile homes became available. These preferences are consistent with the i i current housing preferences of on-site and Leadville commuters: Leadville commuters are more likely to live in mobile homes than houses, and on-site commuters are more likely to live in houses than mobile hornes. j Rees Consulting, Inc. Page 53 Eagie County Housing Needs AssessmeM 1999 Would Move to Eagie County If Housing Became Available House; Condos/townhomes Apartments Mobile homes 0% 10% 20% 30% 40°/u 50% 60% Percent of Commuters at Given Location Commuting Patterns The average one-way commute time is approximately one hour. Leadville commuters, most of whom work in Vail or Avon/Beaver CreeWArrowhead, have a longer average one-way commute than Vail commuters. Average One-way Commute Time � w ���.�-:�;-�� � ; _;-} .. _._ . �..._ . .. . . . .-..: _. . . : , . .. : . �"'° �`O�rerall .�-�` � .: On-site ' Leadville Commuters < - "�t � �!f + � s " .. . . .: � . . . � � � : `+ s x��-e,.:�.i'.s k. ` .Ci 0 TM' ry. LT „ ; , ; ";; . ;' . ': � , j rt � �jkr! � a1 ,..�A:.i.�)u�._A..H:w•lµ5� •.,�l�U`�CSu1.v::.� f.......,.��L:v�...�sK�x...t._..++.w ..:.lYr•�."rr i..,yi,� =�i�r 1 hour 47 minutes 1 hour 4 minutes �eadville commuters most often use the bus or drive alone to get to work, while on-site commuters most often drive alone. On-site commuters.do not use the bus or hitchhike, although they carpool more frequently than Leadville commuters. _--- Rees Gonsulting, Inc. Page 54 Eagle County Housing Needs Assessment 1999 Average Number of Days Per Week Using Different Transportation Modes �.+� �°� �" �� �`'' �Y..'�'• �y'"3''�t'�ti . `i.`:.: � { ' x f. r. � 3 "T� � 5 '�. /S-'i y�..£:^.{�'�'�? �;.�w :��. �� ����-� �xL��`''}Overail r� ��R -� On s�te � �eadv�tle Comm�uters� {'� .. ,�, � rty�.�'��"f����� E- �ra;�'s� �" k . :�r r ,, � t'i � �� � � . . ' s� ,. : t 4sn.�� ; �� ��*.�`*Y"`,�'r`., -.�'�r�� � a 3������ ,I�n'�'�''''�n� �.a.����r�.�w �,,ta 5r�- .J, ' u..•,w Commuters � : � $. . k.it"� t: ,� . �'k -.,�.� s�'�k' �`�'� `.�r � s.. r � ` 7 .�3f,:��,...�...H � .� , . .. . _.-. ..1-�,: L�..:�a'.,..�:}:�'�,.nwtsn.2.ti.��'.s"''i::�. �`�1:eu�:��''r'� Drive alone 2.58 3.79 2.34 �y �n��' s��'�`�' rt�: ��; �-�rr.�.f;,r.. �.:x,+,..g -- ,»..r�-,-,•.�,, �„^'.'� _x�ya ;��,r-�T" ,���:��-. ..—.--��; �A'.'� p :�" �' r � . , ;. : y � t '� ?, f�—. �.,�' ,�e �.��� , +�`T' t�� " ��-bR :7� y . '.:� ey �v ,rr .� �. F '.—„�� �5:��1 ��"� f ti:.� .a�:..c'.qa'.,..�r��.%� .�'rS.'�.'�,':.:..�t '. ... � �.� ��m;d�._a.:....r.:.. �aL.�.a._ r..��c..t�3� u��-�u�. y5, �+`%�ac=dii BUS 2.O% O 2,4g �, iHii�k� � � � ��� �r„� a � r �-�., k ,.�, 1. ,..� :��. ,, �,�;� �;. .s-cwmr.,G-r..�. �`�.a_.ki.>Y.l:'.=c�.�,.�ya�.�..n+..:..s.a. ...�. ...�r... .. .�.. .. c -�....C�.w`�..,._.,'<.�,�. " 4(";i.�.Fa,��`.�...r.ti Other <.1 0 <, � Sources of Income The primary sources of income for two-thirds of commuters overall are construction/trades and lodginglhotels. Primary Source ot Income - Overall Retail/grocery/liquor 3% Warefiouse/storage , Real estate sales % 'i % 1% — % . / Utilities � 4% —1 t Profl services j 2% ��,_ Bar/restaurant 10% Constr/trades 35% Govt Education _ _ 10% . _ � �/a _.. In comparing the two areas, on-site commuters' primary sources of income are almost entirely construction/trades and governrrient while Leadville commuters' primary sources of income are lodging/hotels, construction/trades, and bars/resfaurants. Rees Consulting, Inc. Page 55 Eagle County Housing Needs Assessment �ggg Primary Source of income — On-site and Leadville Compared Warehouse/storaga Service Retail/grocery/liquoi Prop mgm Real estate sale: Manufacturing Utilities Profi services Lodging/hotel Govt Education Constr/trades Bartrestaurant 0% 10% 20% 30% 40% 50% 60% Percent of Commuters at Given Location Commuter Jobs Commuters' main types of jobs are housekeeping/maintenance and construction. Type of Job -- Commuters Overail Other Service 6% 6% Constructio 27% Managerial/super 7% Admin Kestaurant 13% 10% Housekeeping/ maintenace 31% Rees Consulting, inc. Page 56 Eagle County Housing Needs Assessment 1999 Leadville commuters are more likely than on-site commuters to be employed in ' housekeeping/maintenance, restaurant, or service positions, while on-site commuters are more likely to work in construction, managerial/supervisory, or "other" posiiions. Type of Jobs — On•site and Leadville Commuters Othe Construdior Managerial/supervisorj Acimir Restaurarn Housekeepi ng/ma i ntenaoe Service 0% 5% l0% 15% 20% 25% 30% 35% 40% Percent of Commuters at Given Location Number of Jobs and Hours Worked On-site commuters have a slightly higher average number of jobs than �eadville commuters in the summer and ski seasons and a rnuch higher number in the spring and fall. Overall, cornmuters hold fewer jobs than Eagle County residents, perhaps since the time spent commuting prevents them from holding multiple jobs. Average Number of Jobs # Jobs Summer # Jobs SpringlFall �y��Lt ��� �.. v�� , .. " iL"' � r,, cs^s.�s t ��`r�'F,�r n C`�tj Oirerall:� �On site Leadville �n��'; � � .,��. K�h ���' ���' ' Commuters � $ Commuters�¢;' 83 1 --,.�,x:�. F.�.:i:�,s , _...:. ,.. $4`�''t'; ;:` :g6:;: ��::�� �::�;<_.�.�.. ..... ...._�.. 39 .98 .79 25 Rees Consulting, Inc. Page 57 _ _ _ _. _ �, Eagle County Housing Needs Assessment 1999 � On-site commuters work more hours on average than Leadvilie commuters, especially in the spring and fali seasons. i Average Number of Hours Worked ��''� � �� :. ^ �,�7•.�y�k�'� �, �� r' ^t4 c-3,' � � � Y � � ��� • . . y�- . � *`S'f"u y.ix•�""u.,^n ,aa�„—,r^`'�:.-�'�:' � . L t ,�, � }�K '� 1 ?bi ��n j +� -�+rY,' ,.{. �� �:. � ��_,�.. .�.+�� � �, �� : s„Overail On s�te �q��`,. Leadv�ile � ;•.. � a��,',�+xA''�� � k• �% c, r 4r,.t.:r- � T... � F�-� n Flle:3�"iz�-+r8,,.N''ows�t,�k�'4�'i^^�..�r�� a`n`r z'ii �� t�'�• r '� � "�?y. S''4 +F .L.v �� M P SA9,sq,�....M„ Y l 4' u - �����,.•.�„��� .�-r���:x�:.., :Commutersw;.�,; ��,�;�..�,Commuters.�'.�',a..�.'�� xi"`Y Z �. . . ... .Linr �.r.aM'.i:+'.Val�...�..:,i...... . . ... ..... . . - � � � ' . # Hours Summer 35.4 42 6 33 7 ,��:., I �r��r 5:':T�.�"� rv�r� .�rvrr � ��Mxt�'q� . � ��.3 �� . � �� �41 0 Cz .'� t � ���72 7�� �J,�¢ � : �°}�o�rsjSki Season � ,_� 5°� �'`'`� u.�..�..�,..:,.._,�..,..�. � ..,:a x.. ._ .. . . .._..., .__. �M.. _.. .._2,..�:� ..�;�_�r # Hours Spring/Fall 16.4 41.0 10.5 ( Rees Consuiting, Inc. Page 58 I ' � � �. i� �� i. 1 I� Eagle County Housing Needs Assessment • ` � s- � • � • 1999 This section of the report describes the housing supply in the study area portion of Eagle County. it includes: • estimates of the total number of residential units by area and the number occupied by local residents as their primary homes; • tenure (ownerlrenter); • composition of housing supply including types of unit by region and by occupying household; • bedroams; � bathrooms; • housing costs; and, • location. Number of Units The State Demographer estimates there were 21,044 housing units in Eagle County as a whole as of mid-1997. The State estimated that 12,502 of these, or 59% were occupied as primary homes. The other 41 % were used as second homes and vacation accommodations. At 71 %, Vail had the highest percentage of units that were not used as primary homes. Eagle County Housing Units Estimate, 1997 Avon 2,100 1,323 63% -�--� -.�._ - :� / ;�.a�al��.F�� .�-���,� � " � '����59 S}�y.,o�����.°�'� �� °`�. ��' ��`�_ � � '� � �- � B���isa��_„'��i�i�`,si`�� 'L."'�5+,<.4 h..vt 7a'.�.: Y".tY' r-.' ��'�'Nas.�i��� 4' x �`J�"""�q3����. ar 2's's�.,.1 � �+.9,.��...`'.a�+a1'.Xi _ s,.tt..'_ Y�9��+n+'.G2?�t�« ru-�ii���.a'yf�9:t 's�s:7+'�. `^ n: �.nr . .n' .c'aar✓,cJ��,r""�3?-a�..„ .aY+.4" �� �����ti.� .xd�3t F ,. TS'�#,n. ;�q� ���4{7 > yL��'+.'e`,� � o �� n n �� '� � A � Ys �ti'° ' �4 �. .�w���.�'r.:li�.n 13.a:2 ,�l.�a, �` �- .. �� � °��� te�� �`,�� � Gypsum 987 941 95% -w. .:.,s. .. . �� �y� '� x ,�'�e'a °�as-� �y^�, 1,`":}^ ,. a��9 ar �' .U,�Z 'i`T`���i�,�. �� R O�) I(a�.l �St�'-Gv'li� � ��s k � %� ���'�rJ80 ��'�" �, �'ti���'�5�.5�'�t ���� �{4;� -'��T� SJ • @.71��.K� ��__..�..�`-" ,��- �a.�.�-3.��,. "�'r?'� �r�-�' ���,,,x�a.�.4ajY �� � �, t�. a�.Cx� °u'��11�-�Es�s�L.t431.u� -j���, F ' Ya ``����'� ��� �^�4,,;� '�,' �+` ��7�8�� ��.., .,,�k�'�'`�� jz � � ����,�'.�.i�����29r��� Ks 2r � ' ��. .. 7 � v. ��, �+�3�{� "N � i'8 �r..�We..�4""SY�.G.� �: rarnt�t� po �tetl���� ���; `�- � 83v � � ���.� .�6�83 ' t�'�-� � �.���",�°' o � -� ��, ..�.,����.t.��,, . ��������.,�`� ��.�,•�A ,,,� ����..,u,.�3: � �,����U�/�a�, ,��;�.� Total 21,044 12,502 5g% Source: State pemographer �i ! i _ __ 9 ; Rees Consulting, Inc. � Pa e 59 � ,.I i. Eagle County Nousing Needs Assessment 1999 � Locai officiais estimate that 10,649 primary homes are located within the study area for this project. This estimate was generated by using a combination of techniques � including building permit records for the municipalities and Census derivatives for the unincorporated areas. Primary Homes by Community `�'1�..:y:�:`�i:`f;;,;v�'r'-"" _ �.,i • • .�{ _ - y ;.�.f'��f F ..Nnr's r. r y• .�.. .a.. .,. �,' ,e. Yl � . . ��'�~ ,?' 17 Ll�::_+=..c4KMY'i"..:.��. .... . ... ,. ., �: Y:.. ......,r.ni.._.::R..C::uk� Avon 2, 048 ��,,".e ��.r' f;y'�,.'T,;s`Y�r;2` _ :':r-� -::.r.: ::.,7F;:"�,.,.'�'i'�.="?�.:,;^,.,.-�- a .�� � z ,. � x .`-505 a�l ,y�.��. . ._ � .__.�.._._ ,.�..._.....��...:..:��..�.,.M_.�,..�am.__.. Gypsum 1,462 :�.=_-,<;.,.�,�x; .-:,, . - . ... ..... . 11!linturNReii Cliff _ . . .: . .. ,1,060 Vail 1,175 �,:, :,,�;;.•�:r�,.--� � n ,� : . _ ; . ... . �Unincorporafed � 4 399 . �. >,:.��...�: , .�., .�._.. ., ,ti_ _ ,.:_ . ,_........ r.. ..�. � _.. :.. . _ . :. .. Total 10,649 Source: Municipal Planning Depts. & Eagle County Housing Division Tenure Of the household surveys returned, 76% are from units in which their owners reside and 20% are from renters. Another 3% are from units owned by a member of the household and rented to other members and 1% are from units owned by a parent of a household membe�. ' Occupancy Status Owned by a member of household and rented to others 3% ' Rented/provided by ernployer i ; 3% I � Rented from landlo►d � , 17% � Owned by parent{s) 1% Rees Gonsulting, Inc. .,,W, ��, by resident(s) 76% Page 60 Eagle County Housing Needs Assessment �ggg As expiained in the INTRO�ucT�oN section of this report, it is believed that the survey under-represenfis renters. It is therefore assumed that the homeownership rate in the study area is approximately 60%. This estimate was derived by applying the statewide increase in the homeownership rate to the 1990 Census estimate for the portion of Eagle County covered by this study. In 1990, the homeownership rate in Colorada was 59%. By the first quarter of 1998, it had risen to 65.4%, an increase of 10.85%. When this rate of increase is applied to the 1990 estimate of 54.2% for the study area, it follows that 60% of the homes are now owner occupied and 40% are rented. This results in current estimates of approximately 6,390 owner-occupied units and 4,260 renter-occupied units. Despite the bias in the sample toward homeowners, the survey results on tenure by area of the county is insightful. Based on survey results, down valley has the highest percentage of homeowners. In both down valley and mid valley, tenure patterns are fairly similar to typical communities in that most residents either own the home in which they reside or they rent it from a landlord. The situation is different in Vail where there is greater variety. Vail has the lowest percentage of both resident owners and renters who rent from landlo�ds. This is because Vail has higher than elsewhere percentages of units owned by parents af household members and units awned by one member of the household while rented to roommates. Tenure by Area Owned by resident(s) 68.3 74.5 80.3 1 Y;�� �°;u'.�"..; ^,+_-r,�,,,���,.��"�i�i9''t�"�-..a t'�` P� . � g ms" f.. .�E'::r s�,,,��w+�-� necl;� Qarerif �r�� Y.��.rr � �� �� a' L`;�,, ��; � �". �r� � x.,..�,�u.�..M.��m �.,# �?�',.�;e..,+.l.�.s:� � �� ��:���;i...� °��',..-��s����:� Rented from landlord 14.6 17.7 16.4 '�"C . � 7 '7�sY''�T^'o-:'�„T'"'!,+".,.�y"^E't''"3p.w-+z'�+'t.�','�X 'r'�'?v -ti.�c�q �" `i"x,.+< ..'...�v . � �.s'"��" �.zt ,�`�^.'*'a" "S"'�4^�'�"...y�'L"4 1.5�' '"`s.l� � w..��� aReniedl 'r�v�decJ b �ern !o er� �r��_,�r.. F4 9 ��� H-�,�'� ��� .„��' ; x:.Y � . s` _.�.a.P� - �� �..�:.,�:�_.,_:Y:..�._Y �:� Nk .a , �.,�..._ � -�.�:.��.� � ��..�.�". �•�3�� Owned & rented to others 6.5 3.2 1.7 ��'E...'�`�`��v �.�sr'�`��s�..�Nt;i..�r';��; � r�X'�-�i-."'�4j:-, N�F^'„'sc` � �t°S ,}5: �ra�+°"'�'�.x�+�w�'7 � �� ���.��,ti=�"'�-�-'�_�. �' � �� .� ����� .�r f ,�-�.�,,,'.°,0 $. '��"� .t,.°��;�,;. �; '�' ��,��,�� �'���� .� .:�..3�. t 100 100 100 Unit Type The survey results indicate that 41 % of the residential units used as primary homes are single-family houses. This estimate should be considered somewhat high since renters who more often live in attached dwellings are under represented. 'i __-- 9 �; � Rees Consulfing, 1nc. Pa e 69 '.� i_ Eagle County Nousing Needs Assessment 1999 Singie-family house 41% Unit Type Other 1% Accessory/caretaker Apartment unit — 8°/, Mobile home Dupiex 5% 15% • Most of the housing in the Vail area is attached; oniy about 20% of the households in Vail reside in single-family homes as compared to 68% down valley. • Mobile homes comprise a significant portion of the down-valley housing supply (roughly 11 %). o According to the survey, apa►tments comprise only 8% of the housing supply; this fi�uFe is likely low, however, due to the under-representation of renters. Unit Type by Region ���,ti � ��,; � �� ���VAiL 4 4�. � � MID, I/ALLEY S ��,DfOWN V ALLEY� �J �."�,.r'x'vc-m+..'`K`2c !..th�0 {s„v �;� f; �{5�0 �,R"C.'?Ns.'�1,�p"�:.4' �$.7`�.:�O�i����s.�� ,�"� ::� :::u.:.:... . '� .�li' �sa..v�.-. Apartment 5.9 10.1 4.6 T� o don miri7um ���.:' - , � � ��'$-�"'��.,_z� ��v,,.�9 8�� }i � .�k-b;= n �5"S F�;'"�.� .s+"�' -��. .. . "'�a�>,.���n�r_�ar'�' �°�; L. �. �?�,�.h-,',�~c.�'�'2V;��.;.�. `tc". a-�"tk+�r.+;E"��::i��'+ -�� �"' . � Townhouse 16.1 12.8 10.4 ����`�� .�-.� ' � � '", �' � �� � '18:�6'��� �. ,� � ��2`4`� -� �� : �<�, ���� �� Q� F� '�''� .Y `rcli f i7--�L 3 t '�'. . -+� LY�v '4Si4� r r�c caz r-�-a "a •�','.,.r-..:�',�: �+t.�._-: �idu ,�_. --u�'sr�au'��:Rx..a"..:w.�a Lr.:.�'�'r�'yt��.":�+�w -� Mobile home 3.4 10.8 ��.91"����a`�rani�y�t�� e �y+-; �,� '�`v� ,.7:.fJ' @� � �� r � .'''���.`�'a�0 Ou � �''�AM�'�'r � �`� 'c �'i .E:ti��-i.�.r.5;t� �'i'e_ r._._n ,a � �,.'�..�f��s3����'L�-.�.�c.�sT^�:� �. :�"c:.L�'.e.�•.:...-�'�?r�..�: ��r"�y�'�r����s.`r . Accessodcaretaker unit p.q r �� -_��y���- �r:�; �� ��� � �_'�5;- � g ,� ���` i -a a5�.�,-°` *�' ',��,,, , c.. -x ... "��'^'r7.�'flt �`.-.Pi "a-�'" ��.�H'�x� .o-fi�X3r�"si�iif�,. :w'e_ ''i � ��2 �,. ixk E a; :`' ��' 1. � "� : �"�x` �R�'��� ,,`�ie`��% � s. G� � Y�i �"�'` x.�.. � � �'gm � ^.�`a'f.�� 7'� � 't' ti -a. ��', `� _T' �,�,'aX. ' .c � 3� x-�'�...az�..'�.'.3i � G'�c::. r�.-r' �i,s`�.��us.a.b'ta:L,..�?? �...>a�r; � � � 100% 100% 100% Rees Consulting, Inc. Page 62 ( � Eagie County Housing Needs Assessment ... Less than half of the renters in Eagle County live in apartments. While several farge apartment projects have been built in recent years, the majority of renters still reside in ' units designed and built for owner occupancy. Othe Single-famiiy house Mobile home Dupie� Townhouse Condominium Apartment Unit Type by Own/Rent 0.0 5.0 10.0 15.0 20.0 25.0 30.0 35.0 40.0 45.0 50.0 % Househoids � Less than half of the homeowners in Eagle County reside in single-family houses. The � only area where owner-occupied single-family homes out number attached housing is down valley. Unit Type by Area and Tenure � .. °r � � - ��'�='���'�'��'��#* ` � �� VA1L� ��`S�� "; �° M1D VALLEY"�`�;.�� �" ''DOWN b'AILEY� �� . �.. �' .�;,� r +'�'�.s•c,. •.'i�,�r'•,�.�r-� '.�tua��K..k:a :.�cu� ro.,., F..» ........ . ...._as:..�.r�:.�,,:�c::a.a'.w:..a...iy�#<�:n r�1;rc�r.J.tnas..',.s:n2�,....:a.,�.:,r.....3�'�t �, OWN % RENT % OWN % RENT % OWN % RENT % _ ..._. � `w ° S9 � "+�'�� �+"�.%-e�'wC Z5'` �,'�„".". -� i�r,:r"F"�yrnrt' . .:�^r �+�,f;.-'-�-SS'�. T' n �r 7°7_,aa.n-r"r-.a�7^. A�: ,r.�1�� eli�...��` �i+�..'..,' :�h L��t-.:`�r �� ��.�£ �5 '?.`..� ;�.� ��1;� �"'st�' '� w`�5�° �s�r�,�`ai `�,�::� ��'Y �'�28,,�;�w t .0 -rtt` '1 -. � F.N $$.i , Condominium 39 46 21 18 1 5 , ; pL��.�+�Ul�.1S�'��� '�: e,,�f � '.k�''•--cm,,�'=x�s�- p'�" "',;.-�'`er:��p :� �;:;-'aW' s�"�„ r-�c:+�.� n, ts, ,�-�-�ar�uae���4.ri'���Y�f..='3�. ,rt�T,�,.���(.7i�� ��y� ip I,k�,•y:.';:.y.�J7"�"q�"'gnr �r"�L�,��.}!'� '� �l.c.����b''r+Li �',�yTd� ;.is .a�izKi 1'v'w`b.a�a�.;�7F..Lus�.a,�.vla i.ff-�,i,JSw?'ifi-.r. � .- �:.vd.:r`;�aa^:,,.�.. ,:�ti^�ut • s'^ � i' `�7 +^ �•� v F f 4�%.t,- �a�-x�eT?� ,wfu w.:�i-+� � •2c:»cr�.7���°z7«:_su tv �.33.a.� s€k: Duplex 19 13 26 9 4 I� s � d � � � ,�L�+ +r 'Y vl il'�w��+AS�����`: £ +V� .F� „'C""' Y '. J.'7 # � k rS�`, "r'" l' �`)f ;r, ��."'�^ .s ,�� C � : 4....: ...K"« ,� ��?y� � ��y' t ! ,{t� �' �.i3.�„'i'�P.,�$�i�'�t7�� ��' ''"' ��'�^�..�i?�.1`x"r3`��„�� �£ex.er�.�r.�;. M., � � r?-'+c ,. �''� ���`e��s�cLM�wy..:e�: �� �ti..;.r.`"�`a.� �.x�7� +sY� �"�^'a�`�:.�.St`- I � � ... . _ . . � ��.a.u'•'...�mYr>.:::..�; , Single-famity house 23 8� 37 5 77 26 �?°'...�a. � ���� ,{`." �.i-,,,+yC"�.K'�.� �a � a,�.. C-se.�r^-.�.lx� r�,;�`•'��`4p:•, S'..'� 3.'v "H?;''.rf."+¢ E ','�y,-."y�;; "�'F �� ss :."�cacetaker vn�i�,� �.��;� r��: . �� � � .�. � � � :.. .� � � -�,� � .� , �� � �� ,� � - "t .. 'a.SY.:. ,°'.t:u'�u. c4i� r.a,.N..n ��3w:ai>.!- S:i: . . ��-..wn....7..� ''..���t4Fa".s'?�.�'.ia,...�.. r�".3`�,`:���'�`��c•�1..... k.J�..�r.Ec'.�u'M1''t°'r. �� � Othe� 1 4 1 5 ; ° � ��:' ' � n.'�. }�"!� ts :� ei -KTrr'.e � .�, L�...�,�,.., .. ^ i . . � ,K. 0 .,,n� I� ti.^�n- � p . „�^�,' U .. ^�"ri `�;�.�;,�� t�.s. ��,,,,,-�; .��:�OO�o,: ,;";,�10� .o � ��100%> ..u.. v100%� « 1DO.Io � , �IODIo .. _ ._ _ �, s.,.....: ' . MKO � . �. �... : ..�:;k., ., � � . . J,.a.�..i_..,Les,. :.,.s,}.�....a� .,..as_,.,._� .,#�.Fn.c,ttue,t.3at�." . i ' I j ; .� , Rees Consulting, Inc. Page 63 'i Eagle County Housing Needs Assessment 1999 Unit Type and Occupancy Compared A comparison of the various kinds of residential units to the types of household that occupy them provides insight into the extent to which the housing supply meets the needs of residents. tt appears that the overall match between the types of unit and the composition of the households who occupy them is good. Generaliy, families live in the large units (single-family homes, duplexes) while singles living alone and with roommates tend to live in higher density attached types of housing. • Nearly 90% of the single-family homes in the study area are occupied by families. • Nearly one-third of all apartment units are occupied by adults living alone, a higher percentage than live with unrelated roommates. � Approximately 25% of the apartments are occupied by households with children, either single parents or couples. Unit Type and Household Composition Compared ���-��"����`°K� �� �;�;,��;�n���; t`r � sAparEment �Condo.minium Townhouse tDunIex. : SF House::. �yr�a1`���� +.��,� a+`�'�,y.s" a�`.w-�F a;��`t'^^ � �".,r r""U f. � '<�yN rr�s, � . . � r . i� �"��� � i�F T`,� L P� f-F r� i 4� c+v� O roa..� p �. . I- � i`� .� � ��.. � (c.,, �" "�.��.s�.:.:�rt a .cf'N-'��„�r,�£':.z�6;,h �r-3..%pr2��; '�. _..._�;.�0_L:...�.�!..�, �`,±..-..4..�O�o �r..5.�5 �.:._... °%.._...s '� �:i .._..�O�a,. _-- Adult living alone 32 26 15 10 6 :�°=��� +x.. r S.�n�pa e ixwi ch�1 en� �� �'' � � ss o-w� �- 4 � 4 "` f ,. � s �� Q,t � � � ^ i._.r�..� . - v �. ' �' a° ��`..+.ra.s. i�_.,°:.>...e__>..�.'�.is� _.si.:.._,.�r.. ... _.s._...�.� ..� T..r:� 4:�c.�:..• . .............``'...........��.i, Couple 15 40 33 28 34 F''_u'�c�..��^%.*i� 1r � '-�"'vDLipT� 1 y ch�lttren��:��:�;� E ���''�' �``� �i � ���`�'�' a; ,�,..�"';; y F '''rr-� r �-a � > .,. �_:�.. ...��� .• -�,-�....�. �.�;..� �..u.'�"�', �fl,�.��' �,"_...�''� � �� �..�' �„,_.,'.�,` ZZ�u � �44 � : , �, ..�. .,.:�_t..-�,.,�....�,.;� ,,�...,-::.,,. ,� ..�._,.. �0,.: Unrelated roommates 19 15 14 9 2 �� -�.�� :-���.k��� .. �-„r--�-� �.�--��. -�' 'i S ty F'Z�v'r' r� 3 yP?"'" w r� xs � rr'L � �. ra�,r r;�� ���oom�aaa�.te,s�. �'����,-�-��-,�,�,���.��.���,ti�`�i��� �N�� ������'��6�=`r��Y�'3� ": �;�,�� ; �'?`�..�z'.��'ni:::.S,.� + .(a*•.�xwc:r��'��` `.^'.... .T .�. t�e���^�.a�ac..�..:s� 1�.�J.ii.i.:s4w�'��j;. Other 3 � � � � r�� g�v'�-""��'�'�„��5�2-,�.��c�.c��� ` �t�'''�'�.'' `�' ��,,.--.,�,k,...�,.�.r-,�s � "„��"='s'""k 'c'•'�`° nac ,y�%";,�--��ec;m;.Y..r F � ,�-���.���'�,^�.,�, �i �� �OD✓q.� �'� UO%��` � �' � 00°0 "100.°l0; ,_.� �s'sr,�..: o •�� ��"� ��� �.,� �� �10.0�9. - �� �..� .. Number of Bedrooms Most of the residential units that comprise the housing supply in the study area portion of Eagle County are moderate to large in terms of the number of bedrooms they have. The average housing unit has 2.96 bedrooms (rooms designed as bedrooms). Roughly 2.6 rooms are used on average as bedrooms. Down valley homes tend to have more bedrooms than homes in other areas af the county; 23.5% have two or fewer bedrooms as compared to 48.8% in VaiL I, Rees Consulting, Inc. Page 64 ` I. Eagie County Housing Needs Assessment 1999 Rooms Designed as Bedrooms v^`�'; diODlll�' Z�s�-t- =q r,-... ... �.,.-___•.x-.�-•r„r:.m:-r,s r,.re�-„-_ ��,,�,„».,,�.�--�s 'OVERALL �VAi� � ' MID VALLEY � s`:DOWN:VALLEY'. ..�r. �_.�.�._..._��.. �.,�..__. ._ . ..._ _ _,_ ,.:,. .....<...�... _�...._... 1 7.1 15.7 7.4 �2.� . .... '4 �� r��6ZT"TM�l.q �z-J-f� ' �C � � . � - � ..r.. � �`r r 614a,...<3'�< y �,,,.: �P "i �, -.�� �...i�.=y°'�� � ���.,y..�25�6 ....�.. . 33.1. _u.�...,y r..25 8wa. � °<� 29` .4��. � :��..,.�a.x.:y �,-:, 3 41.6 29.8 39.6 51.3 .r � .' ��""fS��'�' 'Fn ,;. -�.i.. v . . ..0 .,. . ,+a" . a � 5. , ,.xrx+v � i +,. .r� � �`"��;� 4r"���� 1��.� �;���191 � �4;p �� ��� � ,R� -:�,� ��r:xti�.�..... �'-s:�,..t,..;a,:.._.... .1. _...a-,. . .� e..c..:S' :.a. ..,.'�.,,� �� �'ti��'^ � y�,4� ��� :v�'.�. i . . kxa:$..k.z,.. ., i.71 5+ 6.6 7.4 6.1 6.8 '�.''',f-'l�i��"?°W'p"'` s a--,f#,.s a?+nc;'""cr- . .: . r . ,. .. . . . � . . , . �;�f� ��� � s-� tY','....�, �r;.;r,;�,� �00°l0 �>.._ .. :100% 100°l0 " ;..F 100°/_oY i_. ._ . _ . .. ...._..� _, _. .. _ __ �,.�....�__..�_. .._... _ .� . According to the survey 50% of the apartment units in the county have one bedroom while all of the townhomes, duplexes, and mobile homes have two or more bedrooms. Bedrooms by Type of Unit »�� ,,. �-, , -•---� � � _ ,.._._. .., . ... ..,.... _ . .,, �#�,Bedrooms�; �;:,APt °lo ,: �, Condo % TH�°!o � �_Dupiex_%.: N MH %o _ '`SF %o.� `� 1 50.0 16.8 p.7 �'-c*�Gi.�,�?�r�rs n"�,°j�.�--r^c��� . r`� �e e- �. . : .. . . . .. ....... � . ._. `,_.._v°�°.� �-..�2,r--�%�'= s4�;: �::��'°�° <;:36 5 kF<.:�:_'.� 5$.4 37.0 ° .. ....,.. . _ �..� --L_. 42.�. µ��. .:1� � 3 13.5 18.4 53.3 58.9 ` 50A 45.3 ����� ��r t!y 1 � �a �^�. . .. . ° j.. , k:: c � :5 { F � . . � . � .� J,�. : r 7> "- r ,. �, ��„-�.r�' .; ;.;�e�,� �::� �-�. ��..� �.:��; �z _�_.,_ 6 4 .. ..._. , 8 � r , ,�26 $ h 7 9 F 4 �,30;2= . . .. .�, _ :.� ,__ .. .,_-....._. . z � ._.�,�,:� . _.. 5 + 1.1 8.9 11.7 ��^r�,�,� �Yt� �;���, ��� 1 OOIo �,.,�. :`-�..�: x100% T .. ��x100% FL�_.�..�::.:100%0 � �;1:�0%4 ��1 OO�o' Bathrooms Just under 15% of the primary hornes in the study area have one bathroom; a(I athers have two or more. Neariy 45% have three or more. The homes in the mid-valiey area have the largest number of bathrooms. Number of Bathrooms by Area �Y""�'+"�'"v�a*t"'a.�"'� �'�°'�rc } '��T�� �"�'^" ".'P'FSZT"'xT^Tz .�"S£{w'iT?,'sy's'u"'rS'°Tq's ��ath �o�ms `�VERAL�� �� V�A.lI.Y-�r'��,.�`-�" � iVIiD VALLEY,� DOWN YJ4L��E�f�� � < + ���k�� �ls��'d.���.'� n5.. ���ca�� J'y'..,t�p,� uS ��r`9`�a� $ S` v^ ''�.;n.2„t �� 't'� �, �'E .,. � S�y�' d.'. ,�''�a.. " ;,,i��'roJO,��'^.e,¢. � �c `� O! �'Y,�;3,'e e.7 '�O '� �:f� ^� � 0����f ;'.s ' ����'�'si _ cc.�'�t✓o,r�„'�..:K.�f �-�r'���+r-%- .r.k 1 14.9 20.5 92.4 16.2 i ,4��TV.v�`�'ij�' ����"i . sir�s•�"�<`:1jYi`-�. :. t;�i 't' 4^'.:,.'y4 'J'°� "v N' '`�nv""`P:�'�i! �=''""��.�� "���-�'��;��D� ;�� �--��42:� s Sz�<���� :�"1���35 8 ``f��,��;,-'�__�.�=�-�'�'48;�� r.. ....' �r fo_o�.� 6�-�i._Lisi�:,��. �.v,�.:sik �.�i a'.zi..�....0 .G 6F? 3+ 44.2 36.8 51.8 35.5 � ,w"� s . rr`�,s' �. b"s3c�� �7rc�x .'a�,S r ,��"�'°���.�r��s�J„ ,� "T�'-,��°"x,t �'t� 'z'�; i����,,�F?�� ,���:`�i��,QU°,/o ����� DO Jo � �.,��-,'-' � `i 1.OUo� ���.s,�ar �;�"�.� 00%�� s�.". �_:....a..,�. L._,.a..�i�.....__ � .. Ii l_..l _ 9 I Rees Consulting, inc. Pa e 65 ,� Eagie County Housing Needs Assessment � 999 Housing Costs The average amount paid per month for rent or mortgage in Eagie County is $1,239. The median amouni is s(ightiy lower at $1,104. Both the average and median amounts are higher mid valiey and down valley than in the Vail area. This is likely correlated to length of residency. Vail residents have lived in the area longer overall (see the PoPUt.ATtoN ANO DEMO�w4PHics section of this report) and acquired housing when it was less expensive. The cost differential is also related to the size of units; down-valley homes tend to have a greater number of bedrooms and baths. Monthly Housing Costs by Area ��...��� � n . ,_. , .. .. . . . . . �=��L�.�,.�y,_„� „�4f , , ; :OVERALL. � VAIL , MID VALLEY� .DOWN. VALLEY., Avg. RenUMortgage Pmt. $1,238.69 51,136.27 $1,319.13 $1,138.28 �,., .�,_. r^�, ,: . .... Medran>�.�;'< ;_.:. $1,104:. , $950 _ �:� _:, .,_....$1,200. . . .. ...._ _.:. �1,100 HOA Fees $123.04 � 198.17 $132.72 $55.32 Approxirnately 46% of the households in Eagle County spend $1,200 or rnore per month on r�nt or mortgage payments. Just over 15% pay less than $700 per month. Distribution of Housing Costs by Area h u+i tn'r lTL �. 7 .�' � i ,� � M . "r^ ' ' � .. r k��� ���F� �,� ;�.�,,- u OVERALL. .� A � VAIL MtD VALLEY` � DOWN VALLEY , ,� vr3F-�.�;f9a��.s� c��. C I f .�.0/oa."�V........a`......�•.� k j.. Yt p'D �ti..i � 1"^ %.�Y �y1 � i,�'y�-4i..;' O^t�+� ��.' ��` - �.:.,.... ..� �... ...,r3y�..._,....,_ tx......._r.; �......_..J..w�w_. ,..r,� ,+,., .GL�...: L-.a�rz.z' �'::,s � �c--�.,:"a'wa:°., c..4.�';.�. $0 0.2 0.5 '4 ///r���'r�t T.' '„A, -F .. 'y`..' r f � c��, ?.� ¢[ . �C � �i��rs" ti C d�..E.:j •f^r f.�n s y, s�i' � �l -Jrs ` �.� .' rs � � 2 2� . � '� *-P' � •F' . � � `Yy?+ ^�y�)"�� �? 'xxAi._.; '"1;�g�,'r'2 � 'Y• .;�.S.c.,� F.Y +.�.e_...,,... ._ �;f � :�,:..i�'� � rv+,.� ,w - '� � �n�. � y �y .at.a�. �- :s.a� . . ...... ,ad..lc.n•tk+,.tii:L.:...s.o•.v�GY��c��.c..`c.'r:..T'1L:�S:L.az."..y�v.....,s�� $300 - 399 0.9 2.2 .1.1 �y.`��'�R'�.`?''"��.9�rrw�;5.`^�%��'C ,.�`,�''r.A.,A.E�',ti.',i"?i.�%?„k?:'�4.-.''' _ . •�iiz'::"��?;s:�-'�i'- ✓.:.: i�€'�.T3,*�'«`v.'":�+..,.;.,�.�. _:.:'.'r _ gx..n.er V�'��9' t -L�.s Pr' f�nc�, i'y�v `&+� V»,.c, C .�'� 4 a r. 1r � s.ydst�,;s?,�Ay3f'.��`"5 .,31Y.' �r�.c...�c,�:.a.-=�.f.�r''�^ x'� � ;.:� 2 �'^��+ �' �' � L7.% ��.ykr o y "'��/i !1 ''S.�7� Yo' s�^ 2��' . � �;�:,... t... �.....:::�... 1.........:,u.�.,r..c' � :_.iE-+c:� -..�+".u*����-..��e. w:�: ftw.w�+��.c`�'�a;�t��srx�� � $500 - 599 3.9 4.4 4.6 2,5 ,�`00�` �9_9._'�� ��,� ,�: ��.�;-,� =..�r�-� 8 7 � ;� � ,�. !r �{ . �� , aGx :,�� �� � � � �.:r � ., � �r ,r�� ,,,, s.t k -""" �y'.,,,.;'.'�i�.�'.�.�.2. c �. ��2'3�j„� 7�r��� � :r ��r,i,�i,s����,,.�;t�e? �-����I��'r.��r Ss,. $•� _ �-a��i $700 - 799 8.9 7.8 7.4 12.3 ,��� a/��t� y�� y..=yz�f�� ^��'� ., .,..�r'y.,�.�.��'+'" �'� �r',vai�,�",`'f'«..«f4�i.�'�?'�,� �7"�-'.. " ,�-�,�.�X-^.""'Y'4'� �. �,.�. r,���':, ,"�s .V:. .�..w�w��-..u�e�F�.='t` i'�.:��'��G�;;���-��� +�n3t��r x�8�'��` � 7 '��„����� �4����v�� ��"'r. ,�+ ���4"�. w .�c� *.A .t�! �°,.�'`�cEi.w...�,'.;-�ea..�.+«�a 'w'i4�� .," ...,y .,,,;:., � Y. �. $900 - 999 7.6 13.3 7.4 5.4 4,�` -�-� � .�.�" �` /"����,T �r n :: r.F ,,% �3j']'F�� � .�'t� ""'-,' =� ��'r.�T'.�` : '�a us. �. -F'r.s' �,"_-'�='c,�+ . �1i �.lx^i;����'"`e�y hsv,u��.'�;y+."�"�'� ��F.Y+:�'la. ��.�.%'s �'j�',�� .�� � ZY �'� T" ��i�'. �+�� i� . .ntrd' � '1._�::�i .GL.�� � ..�Y���?�i��.ei�,iti::4 . $1,100 -1,199 7.9 2.2 6.8 12.3 '"'""a=��t`-s':i�'�"�c�'-cfi"�# re�'"'r� �`�"' � � ;s--Wi-m� �;:r�+ { � ,�,`,�'`�? �4. rw '�. 2` [�., v+�iJp£ x•-..F� 13� ..y�".� _ ,y�' !N r��,�rer7�'- �-. ��.�t.-t� f;r -� ..,� t u: t. Y 6 E hn; �,�'�� -�...V-�,� ' ��,�:�r�.`�6 a ,.. � �,, ��.r38:9� �qr�r �.�:,�ry 51 �> �`�y~s �� 3g:�`,� F � .� �,�._.��..�:.�.:���,�.,.x.,n� : ,�s �.:�, '.�..''�.. ,� 100% 100% 900% 100% The following graph illustrates the extent to which mid-valley and down-valley residerits spend more on their housing than Vail residents. � .' ( �. Rees Consulting, Inc. Page 66 f I. . Eagle County Housing Needs Assessment so.i 50.( 40.0 30.0 20.0 10.0 0.0 Distribution of Housing Payments by Area 1999 less $400 -$500 - S600 - 5700 - 5800 - 5900 - 51,000 S1,100 51,200 than 499 599 699 799 899 999 - 1,099 - 1.199 and 5400 over Housing prices are expensive in Eagle County. in 1998, the average price for a � condominium or townhorne was nearly $500,000. In Vail, the average price of singie- family homes exceeded $1 million. A comparison of homes sold in 1998 reveals that current housing prices are somewhat highe� in Vail than in the mid-valley area and far higher than down valley. This supports the conclusion that housing payments are lower in Vail due to length of residency rathe� than the current cost of housing. Residential Sales in Eagle County, 1998 ����'� � .'� F.r'T'�`�C +�-+, t �.. �. i r.s� �a�.;�;ti � . : � � c- r^t-i • � u . x . �`'� i�,��"� � �'�T��'���?�,�,�'rY,5�� f:d� ondo/,Towntiome w' �-� ,,�,��(�{'yv �.,-L� � �` �_, } � �u�r ��� 5F� Duplex�NfH" � f'� � -�� zi.._��'ic-."$��'�L�{G�.�,n �Sr�:�', l:::l"''�'" � T . 4 .... ....��..ZSs°..�.w.,.�..n Sin���i..T'�5'Ya�`�'- ! .y.w,._..� i..«...�"�'.�.%s%r. t.c��'S' . v.i>.... -,.� # Sales Avg. Price # Sales Avg. Price r "�' �'=�,^ E'"y�"+ � �.0 ra; -.r�e'�'-^-`� �' .:� -�.� `a� �;��"�" �*�+�c- -zar !� �c. �.'^�'- "��,,;�� �,�,�; � �r -� � ` � b � ��� � � � � .� '��'_ �'_��.�,..' � ,�, �.�. 1 0� i � �� �/�ii�Ac�a �.� ��: ��� 53 � ��.r:r$5� 8 41$���^ i�,�` �,..�� �.� 2�� �' � ��,.;� , � .....,_.;�,�,.�..,t Mid Valley 555 $474,576 375 $745,847 ""��wt��,� v :��� ��a'r-'*...C°�sj"�fia� av��� 13...,a��ry . •� �. : xy.1 �'r t ���n� � �FY" "t a ^c� �'9�rr {- �1J� ^�'t��'P. �' F�,� (��`'s.." �.r�.�..�e�`ic�� "3�� .�.`S C�} �J�-t�i+G ,�-1' .{#"' �'.2" ,� � rtr; �- ��.� ��:� ��.+�.��,��:�; �� �.-�.�-�1 fi8�600��: �,�.�, n.l���°�.�".�,1� � � �,�;`�",���.��2z47,�95� Total � 832 $479,455 568 $691,226 Source: Vail Board of Realtors MLS j j Rees Consulting, Inc: � Page 67 i Eagle County Housing Needs Assessment 1999 .. � � Homeowners tend to spend more per month for their housing but the difference is not as great as might be expected. Approximately 30% of aU renter households pay $1,200 or 1 more per month for rent. � Distribution of Rent/Mortgage Payments � , so 50 % 40 H 0 u s 30 e h 0 � 20 d s 10 0 , SO 3� - 3300 - $400 - $500 - 5600 - $700 - $800 - S90D - $1.000 5't,'100 31,200 299 399 499 599 699 799 899 999 - 1,099 - 1,199 + Monthly Payment The average rent payment in Eagle County exceeds $1,000 per month. Average Rent by Number of Bedrooms �.�,.�... ��� -����"��',� �'# Bedeooms�,��_ . _ yMonthly.�Pmt ' .�.:>�,:�.�.�, . .. �. ..�__ ._ ,.... ,u.�-�. 1 $664 .��n• �g�,s�-�;�«^:-� -> �•Y;Y�,:-. _ � _ ,,._. _.r.-:r.� .-„_���, i._..€S,°"�^u L v� ,N k'R' i;'�?' w: � � . .� �. y �. , �Q ('� . � .4,.?.�i `Y �'Z. T w��'5..� t �'�-�:'u� . <�?'��' }, rZ""r � 4' ...•U �' . h a � kily%: `� +p�7� � Za �. �. i � -T '�_a,�:..' .. �......:.`1:,�..M�',:u t...��» . _ �� '"a" �i-....-... ,"•.'ii'.K:...?:+ts..:�.c:(,L.+..:s............�..,......s..w.:„.. 3 $1,349 ,��" � �-�.s �'�.k+.�m�'_.,''�'+ 4 K'�+s'`�!f�'.+.G.��': � h..c s� � 5'v'Jt � r^ , 1.^ .r- ,. "�"�4.,"� �.< + e�,�?¢ 2�� a��r. .ei�,+N.s�„>�r'N :�.�> yA N`S�Ff,k`}.Q "�+ h p.r '.'�,� � � =�.��,.��°�"�ar.:sw..'3` ��":..�`se`aL't� .:�-� ta+�r.� s.;a,.;:..rx.4..;-�.'�'�+�.,-''n�.�,�t �S_`f; � �V,..�.r�.����=��::� OveraH $1,035 Average rents are slightly higher in the mid-valley area than in Vail. Down-valley rents ( are significantly lower yet still average nearly $800 per month. Average Rents by Area � � �,Sy E��_ '�;s� r}'�'t�3,,''�,y-�r'-ykS.. �r�,w x��.�:¢-a r� �.t r:q..�*n.�-.+'�F a'�}� a Area�;��-:�.��� ��.�'� �r� ti Rllonthly,�Pm�:,���'�,��.���, ,..a E �x�..mmb�`.�:. �w,"�1�#8<.t. � • kY�k � _ .� ..,..:, M.. -.��_.: . r�.c...,..,:.... w.� ,t�� Vail $1,026 � �(� �?HjS"'X��)7.s�•' '4�p 5:' �er�15.�,T��,� �` '° .. �,'? '' � .b � � a�': , °'y�, trt' - tp' r �' 4�T'y�71" �f.v`rct +r� � �� �,�.�yy ���'EY�f��i +3 .E+��'.�aa.�5 ,�.4_'.�x.-�6�1r�S..c:r �a'�� ..s'2 "Gx'3�n� l;:d''.-�r �i.T�j'`I�O���.�7, d'` .. �7' �.�.. .. _..�w. 7�. �... Si. `'7�`"i.,�_�.a....a.�a..1."J".wf..:1.0.,. � =a.:L�� Down Valley $797 � Rees Consulting, Inc. Page 68 Eagie Couniy Housing Needs Assessment 1999 HOA Fees Homeowners and condominium fees are an additional housing cost for ail but 7.7% of the households in the county. HOA fees tend to be higher in Vaii than mid vailey or down valley. Monthly HOA Fees ��`��;�y'�`} � � i�"{�Y' �� OVERALL'- ' � VAIC' ��' :MID VAL.�EY "DOWN VALLEY" p�,. � � �. r � x. , �.. . Mf Jf �],j ..�'*Y+ A{",)� . t i�t , . ... . . .. �y�R,�' V` ��t� i 1• ,.�t�* O/� ' . O/p . ... .,- ��. L' p�O '.� S` S",.�.,�"in..._. �:�..+i.,. �.< lsi..r,,..�'.ti. .�_ . � . , .. .... .. . �.... . . .� � , ..,. r ..... . ...��,7r.�a..'"�r�: $0 7.7 . 4.5 6.0 13.0 �a;�49 =�E, �. �,..��, r 1 �:�. .�.���,...�.. "�:� � :��. ��..�_.. �28.7 . 1.5 " 27.6 � 48.0 � �...�.,,. . .: . .. $50 - 99 9.0 1.5 - : j.. - 6.5 :- . .. 19.0 =$100 1'49 "�' � r � 11.7 16J 10.1 : � -'12:0 �.,,��:.:::::...t.�_.__.,._, s _:..;°:_:..._.�.:_........ . .. � .. . . ... ...... ... . .. . � � , :.. : .,.�.,.:...��. $150 - 199 18.0 30.3 20.6 5.0 :�200 249` ,� G . Y "_13.4 22J . : 17.1 ; :::. . .�>:, , . ..�.�.a,. �: _._..__�� ..,,a; . . _.. $250 - 299 3.8 6.1 5.0 �.. _. - ��� I�300; �399 �-';: �� � ._-�� � . _ . � . �. . . 5.2 12.1 .. ::.:...5.0 : � 1.0 $400 or more 2.5 4.5 ...� 2.0 . � _ . .._._.,._ ..2-0 r, {„�-� � ���. r� �- y,, 100 1 DO 100 - '` j 100 .,� �. �...,".�:...�.u._..,.�:���. U..._ ��:��..,-�.,.. _.... ..... _ . , . . . . ... __,.. ... ._.. _...<V..,......,.��..,...._. Locataon Overall, 22% of the county's residents want to live in Vail. The Edwards/Homestead/ Singletree area is the second most preferred area with 20% of residents indicating it is their first choice of iocation to live. Where Residents Want to Live, 15t Choice Rural areas Gypsum 15% 3% � ._ '�Yra�i.'a!t,u.�.... Eagle 12% Edwards/Hornestead/ Singletree 20% Vail 22% � Mintum/Red Cliff 4% � \ Avon � 7% � Beaver '— Creek/Arrowhead 8% 9% __ __ 9 Rees Consulting, Inc. Pa e 69 ( Eagle County Housing Needs Assessment 1999 Generally, residents live in the area of the county where they want to live. Approximately 77% of mid-valiey residents want to live in mid-valiey communities. Approximately 84% of down-valley residents want to live in down-valley communities, including rural areas. Location Preferences by Area . x , �•:, }^�in 15` �`I'ta�s. .�SP . �" au .t � t �rt�,r,xF, � 1 � . � t. �. . .� . . . .. � . � eT. . .a�+. : � �.,,�-r�u��s^ �,r' wr� h vz.. �,.a �'� � v. z r: : : . ,. �ihere; L�ve�. Now �.� i� ,. �? xr� �'�''. i��.�.ai�'...�z:�.;.c�+.�Crt.:;_..�..:ri:.�_x.4d rac�.;+Ja.:r .. ..� .. , � . ,. • v.-'3��7 �r,.-�arE .�"-�.,y :.n.s,.f.�e �: . .._ . .-rt�N...:1t�..:�.. ...aG..._ •,:.�W,k�'v'W.:_+.:i:<�i�.�:..c'.ci�,Lk.r.:t,.!,fis.:'3u`'r`.c�sr-�a..'i�. OVERALL VAIL MtD VALLEY DOWN VALLEY Where Want to Live % % ��a o�o —1^�y' wv�t��r1.,z�: • .. ._ �i[,. . . _ :�-r i `�+'a�. 4'9.•`-' ' ,.nz '"VC�iI '�,�^,•�:''�r� ' r*� 7F � r-'" 22 : $'� :"'°.."`; ._ ..^, �;,..;.F,.'n�..._ . ,,.7E ��;= �.-��-�,�� � ,:�:���. � ` �,� . M � � � I , y.,:,,w��::.�; N �.:.5� ... ,. . . a:...tia�...s� . .:.t_�'- �-�-'.�S?'u'•� „ ....:� .. ._: :. � : : ,.. ' : 'r . .r� ,..: , 'S.°'t�'�''i... < . s « .�,.�X"s m�.« v,= . t^tit.3.is.'� . i'. � .n..�.,,--s..x+:.. ::�'s. Minturn/Red Cliff 4 2 � � ;EagleNai(�, ; x j �� � 3 � , �::�,."'"s,....Y �,'.�s.�-�"r.'.�.�'..f�f� . r.i......,.x.,%,1'.).N.c..a...x...h/_ .� .. .... . ..., .. � �.-..s� ...s..:....n:�C�x.�:-hsa�. �� y � ^•-� � F \�� s' ? . . .�c.. � r. ..-. C �c�,-: . .<.�'.. Avon 7 1 12 ~� -^�2 � �Bea�er 4� � ; � � �� K �, � � ,, ., $ - z ;: ? N � 2 , : ; 4 ;> Creek/AROwhead �. : ` : ' � ' . ... ,.._�._:....�._..._ ..�. ... ___�_�,..:�..... _: . . _ . . :. : ., . . , _.�,:.:. . :.:.::::,.;:: < Edwards/Homestead/ 20 1 31 11 � Singletree `Eagle� "�` � -'"�.�� , � -� J r. , , r ,�h� , ` ..d.�._ wi� �aJ'L'f� 4 .�F.'� kf l4�-"M} 1 � S ' . A ' 2 ' ' - .. � � Y * �y ,�,1 S�' f��� j � ..E J . .::w.�' auu.... _ �ti...ti �:Gn�. t..��..:��........C:......-w....._, ..-...... _w.�...s...v..�.�G;x�....��.i..a�:'._�.�f.:.te:�w+.`!:'.�,�.nl:. �r?: a.it�.,.%G.er:. .....:.......J���,3.' Gypsum , 3 1 0 10�. .: �al areas �� ,i�; �a�,���t��,n .�� ; $ � r - r f r * �- 4 ' �- * 1p x� �,} �� �.��._�.._�..-,._` x, n �.�.:y.,_ � .,.�},_. � _ �..�... . .e . �.:. �_ .�... ��'.�.�.�_�:,.� ,_ �� ; �°��=..r... � x ���. :� �:.,;��,�.��29 k,: TOTAL 100% 100% 100% � 100% In almost all of the county's communities, the majorify of residents want to live in the location where they now live. The highest match is in Vail where 87% of the residents consider living in Vail to be their first choice. There are a coup{e of exceptions in the county. In Avon, less than half (40%) of the town's current residents consider Avon to be their top preference in terms of location. Among Gypsurn's residents, only 25% want to live in Gypsum more so than elsewhere. A higher percentage of Gypsum's residents would prefer to live in the county's rural areas. Rees Consulting, Inc_ Page 70 Eagle County Housing Needs Assessment 1999 Where Live Compared to 18` Preference ,=, "'�o:�.�i �' �S'` '"'��m�%3a '�,�°e`z.��'Y. yy. �"r�4� �,','�!�'` u�.r � �'�' rrs � � -"`.�r �4i,..�'�,^`?".*' n �5,.rn ^-`*'a,,�tfi^` hc—^a�,,'s"� „r�+-°'3 � � �ri s• here�L�ve Now � �- -��� �-� r N �- ld ._��.a`� 5eil���-C's,�,� ext E'`'�3�`. :. � �, � � x�'*i�".,y ac?j,r' sC ���. . ��M . � � �a'sh �'�4.��°'� �.''�'�,T ���is£'� �'a �„��' W L �: c.._.'���:.....�..�* �� .:.cf'�3�s_.f5 �-...n..> :: �..r.e>,�.c. •=��:s `uL<a ....N-.2�....�����.., " �.��..�'^ ri.?'.zt�'.._.��a ;z„' � T^¢a�^.Aae3S s .�n.�rug; 3 .: c ,,.t�. ere�,,,,a �o�;��, �VAIL�, �VIINTl7t�t� �EAGLE=Ya �AVON � EDWARDSI �EA�LE GYPSUM RURA`� s�`�`,e � ,b ���-�� '`��'�r� ��l{RED�'�Y� ��'��JAi��.� � =� ,� rU . �; �x F,� y ,� � z��� �x�.�� �X ; u « 4,�-�t "� ' � HSTEADI� �- �`�� � v:. � � ����� : ���� ���rw_ ��,.�.�:. �,��, �,� � � � � � AREAS.. � � x � �, �, � F 4 � �-� �, � � �r �. ;�3� SINGLETREE �,;���1�' �,�'���`� ���r��� t,��=� � ���"�..�..� ��-.�'�:,_ R�C�IF�: �-��:���f h ::� _ . . _ _ . �".�.�.:4. �� €;.�..,��-,�r�,.:.�:��:,...:;�';� Vail 87 6 16 12 11 4 6 6 - `� �r,�fU�I�J1li+lu��✓��J:i�K� ��"�S��t���j ���a"",�"'f.0 � �;.,,�e�' `'ri'� �'. � � �y � i. •� r"'x"'c'k. ;S',�' � �� � "a�'�?;'+y'�'" �- �•.�'i"i . ks-G �`' ^sr a>� ,��� a c t' w, ��:'Rr �n ,-+�-' .s� �sn �;c. r+ cr u�; ..� :..�af:�;�,'�i.:rCS:"r`^�+:....�`s&v-�'u�r G :1.r.�"i' :.3it' � r�� ,.�.ke.d7�s§,":.r�. �.."�"-.�-'."e''�a �"..,�u:......r .. ;_.. �a .. . _ .�,... '.�„�...�... s ....� .,':'s,.,..._ ..cs � w�� 4 . ;;' �'� u i ... . . - . _ �'t5'.,.�... s.,:�: L.' :�#�" t�x ..�! :.xx� t��.i��. . 7cr;,�.:.i' , EagleNaii 1 4 56 10 2 1 3 0 � � ,� .` _;,.':y"y�,r _ ,,§. �T7',�;�Y"+YL4fi. ��:'" v.3.ri'a'��sjr: �Y.^^.' ,,4'�,r.�-r{::- ' iy , :y ,iyt a fAA� �;�%/n." . -�: �`"•` • .+F.l7 4r ' [�.y,.w,, � . • �['� }.�. R r�3 v� . p � � � �'> + F ^/ Y � a �, �� �'' im Sr G'AA :..�".-µ1. ,-- ;�r � . �`��� �. �u'., � QG~isu�.��L�3� �r.�.uv+`3L�.�'CL�.�s�Y� �'r..� � �O ...+- '�.s��.:rv? � y;�.!.,,,,, � �5 {� F �y s. ;j' � (`� s` ''i,'�k 2 /r � �. ..i �.7:; s:... . . . ... ..-..+..... .� '.lf . ..v ' Cca.e..�ctW...v ��� . i ....ew t.i..c`_... n.� ..:t Beaver Creek/ 2 4 11 15 13 6 p ` �� Arrowhead � �� �//M�(oT PY/)��.y1C}-h�qGV�{�•—� �nY L{C�.'+� W � ,nf-�s . �... � �7�.Gi7C�S/1 lOt�lG �,��" !�V � R�i�� �t}� �� ,;`(L Y � ,.{'C}"' '� ' .�� ' � �� t k k � ��' ..,� ,� E �Q 2. S 5€�. i� p.cv�a•.�.] i� c��� p pp 1�� �[ {s-�f,. tit �js Yy . � � �. � y� ;� s . �y. Li �� . n ,',,, r � � �� �,�4P{�/i./I�('� '�i�44�` �.4.'..�'9_.� t�' j��` .tir ' , . "y �5 � y-� ' 4� 'i�t�/�T ..,,,u.n..�.ak.�,«:as�:J.,,w.nt.o�x,.,_<:w..:ta�_t� `E:..�;fu�,r.k.r:..»_r.. J,'a„�..,..r�w�....:-.. .. e. � x � .e:.r.. �., !� s . ,ni�+4h�*i. n.�G..{�i. : .f.:.lit..u.u'"Aec.... ' Eagie 1 p 1 : 3.... :.. ._�. .. �..1 .. 57 13 0 ... ./'� rn� i....... I 1l7 rClV� �}�a�.���"� -� w'�''xc s'' �ii`�..,��f� � r� O E� � i �,�yp�_;��u�~��� , ��,.�: s����..:? �=.��=� , . 0 .1 25 '- 0 ', ....,..�..�.� .�.�.,.�..s �. ._,.: �: � � �� .�, 5 `� ,._ ; t Rural areas 4 2� �.�._ 5 9 ,_. . _ ....._..11 ... .. ��1 . .�.. _....w_�41. _._...._. 94 �� � �� ��.����"�'���� � 100 t �� 100 r ;�- 100 " 100 � s ;.� ;_.t,.. .... .,y�Yil�.�, '�ky Y �'� �, � �ai . � �' t , i .;s..'��..,..J�Hx,..rr'�`. �`..�+...h.�.`"..^�3v3:v%._"�-a,::», '-.5 ........ w-.,�:�"�.�,si-:i,�._..� ��.;ei'k,��`_i'� ,.. . ..._.�...._..�., 1 �� . �'! 00 �.' _ .. _100 _ .. ,_ 1.00� �.�:<�� r �. � r... .��.�:. r,,;,._�_: .x� ; _ J IRees Consulting, Inc. Page 71 �I _ _ � �� i f �� I a� l I 1� I . � i Eagle County Housing Needs Assessment SECTIOl� 5 -- F$OUSIPIG PROBLEIIAS 1999 This section of the report identifies housing problems in Eagie County and uses key measurements to quantify the extent and magnitude of the probiems. Housing problems � � examined inciude: . , �I : • Affordability and the number of households that are currently cost burdened by their rent or mortgage payments; • Housing availability covering both for-rent and for-sale units; s Satisfaction or dissatisfaction with current home and reasons for dissatisfaction; . I� o Overcrowding; • Problems unique to renters including units they live in being sold and inadequate lease terms; and, • Impediments to home ownership. � Affordability -$ Housing is generally considered to be affordable if the monthly rent or mortgage _� payment does not exceed 30% of the gross incorne of all household members combined. For consistency between owners and renters, utilities have not 6een � included in the affordabi(ity calculations. On average, households spend 23% of their � gross income on rent or mortgage payments. This average indicates that housing is � currently affordable for the majority of the county's residents. i � A sizable percentage of the county's residents are cost burdened, however. Approximately 19.6% of the households surveyed spend more than 30% of the income j of inembers on housing. This percentage is samewhaf lowe� than is actually the case, however, due to the fact fhat renters are under-represented. By analyzing owners and i renters separately, it appears that approximately 2,350 households (22%) are cost � burdened by their rent or mortgage payment. I _� ! Rees Consulting, Inc. { I - Page 72 Eagle County Housing Needs Assessment �ggg H 0 u s e h 0 i d s Percentage of income Spent on Housing 0%- 11%- 21%- 26%- 3l°/n- 36%- 41%- 46%- 51%- 56%- 61%O� 10% 20% 25% 30% 35% 40% 45% 50% 55% 60% more % of income Spent on Housing Renters are more f�equently cost burdened than owne�s; 30% of renters compared to 17% of homeowners spend more than 30% of their income on housing. This is usuaily the case since owners can not typically qualify for mortgages if the debt service greatiy exceeds 30% of their income. By applying these percentages to the number of households in the study area, it is estimated that 1,278 renter households and 1,074 owner households are cost burdened. Percentage of income Spent on Housing by Own/Rent Rees Consui6ng, Inc. 0% - 10% 10.1 2.9 21%-25% 15.7 19.0 �����b. .T��i%o�r�'3��,�'�"^�'�� r�`'-s'��q � � �: ''"''sr� ,mt.��9i�af"�r;�:r"', ���''� 3<61s"�F �3 ���G,��}�� �,�"I'��1� 31 % - 35% 7.3 �� . 10.9 �° o�4p o�' -�,� � �< �,����� �F ���r� �$ � a`�- '�;�,�� � �� a �ct�-., ,. � �z �.a��,,,,,.�=F..�',.�.�5 .r.'�: � .r��C�'�"`��� - , 41%-45% 1.3 2.9 6 o f� o/ � =a��~^°� �.'� :s�-,� �-,�' ,-�;- ��-�.-,£-_�r_�. O�� /0'sk.;„' To�'�:�' r�i.�+�^k,�,�„�+..,h�+ R�*':`.y=?.j;� r�-i !'�"��'"�"���b �,�'��:G;,� J..'a r'f�u F M .�`.z�+ �' •Sc�,�,.,,�,i -.i 'y .. ' . �a.t' r��i".�:s.� e,a'}>.ac.�i,.:._.:� 51 % or more 2.8 6.6 �� �� � - '�� ;'�`����",�.k.�����`�� � fl� � 00�%0� ����1�Oo�..� � r-.. ,. �� r � - -- =n �s.;,�' -�,�' �?'-��� �u. -�„�•-� ���,;. Page ?3 � II � t. I i '- Eagie County Housing Needs Assessment 1999 � A small percentage of the county's renter househoids are severely cost burdened. It is ' ' estimated that 280 renter households (6.6% of the 4,260 renter ho�seholds in the study area) spend more than 51 % of their income on housing. , There is little variation among the three areas covered by the study in housing affordability as measured by the percentage of income spent on housing. Percentage af Income Spent on Housing by Area 0% -10% 8.4 13.9 8.4 6.2 �'F_1a'1G�;�D�/o i�:'d'7.`3��� .r'��- .j�l.y�••;,- �. c �,:"} t ,� /� a. 'e`�vt» c t � A�' ��+''�d� � ���{ (�� �Y� ..,�. aaJ �, ,,.e,i?. 3-�.2 4���.r- e:..�,r.-. �r -�. ��'0 �,`; � :� �.'Y3'V ti, -�xr ����r� �2 Y 7°i �F"9-✓ S+'�r� "'t� .7.e : - �,_...b..^' k. � ».1v-i"x.. ��� f .<L'`L�c=:=.� �. � r.rSii�^s�,. r"u•..: 21%-25% 16.4 12.7 16.9 17.1 .� �-� �.�-� �- � . f M 6°6x,;�30°l0`����'� �„� `�� ���¢..� 93 �8 E . 10 �`� � ��;.""�.,'7� 1� ��' �''�-�� , �'�'��G 6� :. F.tsx :�.. ..�z:�c`n_:._"F.:._v_-ix^.s:�.:�C�,."�.'�ir.,:.t-._rn,....._.....r�.� L..:..,...�.:?...,.,_.�..^'...-+r F.rr� i'�'' -taw....�. k•,,l.�=3.�",.?'.;s1��..-..�_.:,��.,.:f:,.....i:5 31%-35% 7.9 8.9 7.0 9.3 ��p r ,1 pj a..q.'a,�- �"p" Krn� �t r yC . �, .�,r ,ciy-r r 7.w �v- ri �+ 0.�'Y� /C�`i�'Nf � �'Jk:r„ r �Y„-`�v, r.`+, � 1r �. � �. uE � u'� ��' � n� r tr V.2 .,:z;�:�:��.,�::�:�� ���:�� �.�`.;�-�� �4 9�5-� �:.��'`..� x5 1F�� _._�...� �-�.�� �•,�"...�'_ r �.�� r � �,..,�..:�•_ � � 41%-45% 1.6 1.3 2.3 0.5 � 0 h.'1� O "SS-'"`¢J--T'` �%!°`�`9" ..,,..,y,.'"c`"''r+"fl' -1rv -r. - .,{�r� "'7' C ..+y 5'm�".�- �,{'+TM {-xr=r-r.+-.^.^r '�. }c � m, ��O �0.�0-i�at+ ¢y� �,y�= . -r%x:.�N+-�' �� 3'h. �f+..�n `....s 1�� Jrr �: ">.,�.k r� fc 2 0� � a. r 1._�r 'S'� t1' . t�,-�n -cr�w.�. �.ra.-_-.. F.. ..E-:��..�._ �w.,�.»,....._...:..-..� v�J,�:e eGndrw'�nk..�. r._t.°,S ` �2�' '"i'�.';_y:,,�S� � �: , = ...7.4' Y.s...•. - '51% - 55% •• 1 0 1.3 1.2 0.5 . �� .S;-,t+•��/ �sy�� r�.ifa;�.�s�'y �p=•�^ j �� r. � ' �.i,r 0 60 _�A��,''�,.��.�3= �'�:.�,.'�'' '.U`$�'^���;��'� �` ~� 5.� �-�.•»��b�i..�'�`�'i• .�,� �117� E,��'�,,,�, tlY�/4ii-.'�'- � ... � .:�a..s:f'ilx2v''21 > :S:a:£Y.,� �.:G.r>" - .au:.0 '...r.L�'.[ ti�9- :���-"fx.�`G:�:++::i-T.::.GC � 61 % or more 2.1 2.6 2.1 i ., q/� y /� ,,.�/� � � �,a _ EM,,�"'� '�-�}? `9'."' c.4A VO�� �"�Y�� �:t �L�-.�..X .7"+ {�,L°;: �y:y��w1.V�� �:�. � 6� f �-1- � � VU- � � . t.,..... �.. .55:"uyt6"e.��OiE tr�h7 .�r4„ ;'� �� :% Cost Burdened 19.6 20.4 19.8 19.1 ? Availabilify � Rentals Even though multiple apartment properties have been built since 1990, apartment availability remains very limited in Eagle County. Approximately 800 rental units have been constructed this decade. Major projects include Eagle Bend - 340, Lake Creek - _ 270, Eagle Villas -100, and Holy Cross Village - 61. Despite this new construcfion, the Colorado Division of Housing reports that Eagle County continues to have the lowest vacancy rates statewide. For the fi�st qua�ter of 1999, the State reported only one unit was vacant of the 808 they surveyed, which equates to a vacancy rate of .1 %. i The Eagle County Housing Division monitors vacancies in apartment complexes J throughout Eagle County. Based on a sample of 1,191 units, the overall vacancy rate ;"�� was 1.53% in April, 1999. While this rate is extremely low compared to the rates ;_; typically found in urban areas, it is higher than the 12-month average of .9%. �, ; - r � i Rees Consulting, Inc. Page 74 J _ Eagle County Housing Needs Assessment 1999 Seasonal fluctuations in vacancy rates correspond to variations in employment. Occupancy levels are lowest during the summer months. Vacancy rates never come close to levels that threaten the economic viability of projects. Most apartrnent developers and their lenders pian for vacancy rates in the 7% to 10% range. in 1998, the average annuai vacancy rate in Eagie County was .73% and the highest paint reached was 1.48%. Apartment Vacancy Rates in Eagle County, 1998 7.0 1.4 1.2 1 m m � c�i 0.8 c � m > 0.6 0.4 0.2 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Source: Eagle Gounty Housing Division Vacancy rates vary by apartment type. Among one-bedroom units, there are often no vacancies, even during the shouider seasons. Vacancy rates fluctuate the most and reach the highest levels among three-bedroom units. This appears to be the result of differences in occupancy patterns; yea�-round residents can afford to live alone in one- bedroom units while multiple seasonal workers share the larger units. Rees Consulting, Inc. Page 75 I � ; � I I ` , , I i ,� � � C E � I '. ! j J �� � �:,. � � � ; ;� ; "� ; � ,'� J i � I i. _ ii� � �J I�)� 1 , � � 3.: 3 V a � 2.5 a n c 2 Y R a 1.5 t e 1 0.5 0 Housing Needs Assessment Apartment Vacancy Rates by Unit Type, 1998 i�•�:�:7 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Source: Eagie County Housing Division For Sa/e The availability of single-family homes and duplexes priced at leveis that are affordable for the county's residents is very limited. As of May 3, 1999, 423 single-family homes and duplexes were for sale through the multiple listing service. Oniy 37 (8.8%) were listed for prices below $300,000. Of these, ail but 14 were in the Woicott to Gypsum area. Over haif of the singie-family homes and duplexes in the Vaii and mid-valiey area were priced at or above $700,000. Singie Family Homes and Duplexes For Sale, flAay 1999 �-����-� ��� � err�lalley� �UI�c1�V, lley Y ,�owsr�fi/a�tey� .���,�-,., �� ,�PP.�-�� � _ . Under $100,00� 0 3 2 '� �OA 00 1D 99 99.v. -� �� �� ,��} =�-�""� �' t .� '�� � �. _ .� - �� y i r �'� c'e'����3t:�si �"�'"-�.'��,+�., �Zy`"�n`' . ��r��x�-txt' �'�., -=.:��e/�..�"�'..E .xc� -�-+�tif-'-,;.+�` x -}'° $200,000 - $299,999 1 6 15 ����C)��00� 399;'�99� :� � .�3� ~ ���� ��� r �k �� �'� ���� . ��w: .�_:� . '`� ��`�-���.�,�� �� �'���`��,�.� €; < .��.:-��.�.rc� $400,000 $499,999. 5 3Q 11 �O.O;DOD��599,999 � � '�.��� fl���� r���yg:� ; _ �, -iro � ��'��, � - �:.�t:..u;��.s,_ E�a;�,.:.r�.f,�=.,...�,.. �.� � � ��,::,� �� $600,000 - $699,999 13 20 1 x.-�»T-.- ����,-�;- � -� � F� r�,:-�-�� �-a,,�t 7O�i�0�a ��;b�:o,�ve��.-� �'.�>��`� �''"'�-�`.:L :�}�����`�-�.: � �.�.r�'.�'��-`� Total 67 284 72 Source: Vail Board of Realtors Muitipie Listing Service Rees Consulting, Inc. Page 76 -- i Eagle County Housing Needs Assessment 1999 The availability of moderately-priced attached housing is also limited. Only two units were listed for sale under $100,000. While availability starts to increase significantly at ' the $200,000 price level, over 40% of the 477 attached units were priced at $500,000 or __ above. � i I J � I 1 Condominiums and Townhomes For Sale, May 1999 ��� •,�F� ;�;'�;'���:��i� �J ec�:Yalle �� �IAid`Va�le "� �werr'("/alte. �- .� �:��: �.:tPP�. ��� Y�,:. .,��<..,yE;��Y:v':,.��:,.�,_.-�:,Y-_ Under $100,000 0 2 0 `.�.Qa:����9'�999 �' •:,� ,��' Y� °'I„�-" �.�."�; 3 � �� ��.2� �.,�:�,�:"�;:_ � .��.:�i:''���`' �#s.�:���.�...'�::;: � .���* �:z.. .�� $150,000 - $199,999 5 17 1 ,� {��r- u� �- f ,.= :,�+:x � �.� -�.-, Z�a-�no� Y��1i s99x �,�:t� : ���ar ��� �p�.��'�....�' 2s�" ���'," �-�`K .�, ���"�,�'�+� `� ��s, . ,� ..,q, . •�t�'_'-'.�:. ' '�'�".w.�.:. E,'ia".... �_, :4,�.'"".w•,..��'� ":S:w'`� � � ...5`' �„ ,� �,. Z°y �"��`'�-F �. P'�:��_,e.x..e.s""�+Y���b'� $250,000 - $299,999 16 31 1 �$�QO � �_ w .: j`9g. : { F , �-� .:�, � .�: •�-- �' " ��:� �� -r. ; , � OU �34w9: �r: �� �,a ,,;�;-7a,; � � T �''2'7�. �--� �"-� -��0. ':, � w 5 .«. �, v...'4y �_�x�rv�: t�.`-:. `+{'�..�:.k"'..�r.'v.::y:i�� �+'ti'.n`r�.�� .••S`.t'`'� �W�•.- .'�-�...:,a,-� $350,000 - $399,999 28 21 0 ��A---�-�—/�'�^-^�-r----- „ e-^%- r >-;T�t -u�� �{�* � �--� �� 'Y'� � V V ;�449 999� . � � t� � ,.r+r .1 -p�'�`��.. dy F a rt .+Lr t'v" ,�,-"L �:.: � ,. � � .� _ a <.. �,�,Y �,��t'"! .� w� � °9 4�' E� � �,, 0� �.: � ^'_.i....:�r�._� ,,., _ ��„�.:..,'�`•.,,�.�{..,+'�C..,.w.. �,r'+:� i�:�..: 4��x�l�s�nJS�� $450,000 - �499,999 1 32 0 _._' J—,-..-.� "� �a �,.�"'"�V ° 1;� t^ z. .� �t '�J}"S"' �2'r -a t6'� ` 00�60U, ;or Atiove 4��- �.�-� �� � 85 � �- ���; y 28 ��- �=�af � �''�� ��.D�r�� �.�c?..o;r+ri"..��;,�ir�����".�tr_+'�...�t.o;-n,�. -.,,i't'�,,:.c,.x�,�•�.t.� ta.s.�^n' •'k'• LYr-� Y y.s Total 146 314 17 Source: Vail Board of Realtors Muttiple �isting Service Satisfaction The majority of Eagle County's residents are satisfied with their housing. Approximately 84% of the persons surveyed indicated they are either "satisfied° or "very satisfied" with their curreni residence. This overall estimate is overstated, however, since �enters are under-represented and satisfaction levels vary between owners and renters. Overall Housing Satisfaction Levels Not satisfied Very dissatisfied '13�,4, a% Rees Consulting, Inc. Very satisfied 49% Page 77 � l �� r �. �. I - , -_ ; J �� � i I � � Ii j ::� i � ! i ; ': a .i �-. � ! � i, �; , !. � � � � -1 i i� I i ' _J ; ;,f �� i'I) t �� �, � ' ).1 Eagle County Housing Needs Assessment 1999 Of the renters sunieyed, 47% are either "not satisfied" or "very dissatisfied" with their housing. This compares to only 9% of the homeowners. By applying these percentages to current household estimates, it foilows that 2,000 renter households and 575 owner households are not satisfied with their housing. Very dissatisfied Not satistied Satisfied Very satistied Satisfaction by Own/Reni 0°r4r 10% 20% 30% 40% 50% 60% There is a slight variation in satisfaction levels by area within the county but no clear trends. The percentage of persons who are dissatisfied is higher mid valley than elsewhere —17% compared to 12% in Vail and 13% down valley. m Rees Consulting, Inc. Page 78 � Eagie County Housing Needs Assessment ' Satisfaction by Area ; " - Very dissatisfiec �� { � r� ��� ! i _� � � i .1 f' , .+ 1 � 1 � 1 J Not sa6sfied Satisfied Very satisfied 0 10 20 30 40 50 SO Both owners and renters in Vail tend to be "very satisfied" more frequently than othe� residents of the county. Satisfaction Leveis by Area and Own/Rent OWfl@I'S..-. :, ,: _: ,._� ::.� :�-,,.' ��.��� �� ,--�,63 9�� �' 'a2 �� �. � �� B. fl5fil8+�� -�" �.€ ��i „ s� t,d r�•-._ ;�{,,� r.�. t . � y . ' ,�. - aft� � n'�' c.:ffi.�.re"�, ,a�r-�.'��1. �o-."siP �`7'� .-� . _ r '""Y�s7'x �L+d✓r,�, .7 {� � ,�r £.'-ry��.;c �atisfied_;.:. 30.3 36.0 36.2 �- ,� � `� : � ,'J ��"''�,B � ° � � sf�ed ,� � r , ,� ��� s.��� ,�'� �.k: -�; �� �:�; �>c.� � : �. �--�.��� � ��':;:�5 �. llery dissatisfied 2.2 p.g - � p�?-;�-,� i00°/jo��t�,Y,'� �" tiD.�os'� ����ry�.-��;���OA�;Ic�,���� ..,�s�.c.� lE����i��r.�"a�`�M' ~ J°.;�};,'� _ ° � � :� ,,�; -� �F o s Rentei�s': � - ��mn�f.. �-••� E �"-'�:�- '�.. ,s� s�z> �-��,' -�r =�� � -i -w�=� .�� :ix.�i�simxr'x�o �..�°S1''�: �au��� -��`�'���`.��''r."L.�'6.`�.."�+� �."s�'' �`!��-rn�'������ e';L���`���� � a��, �,�`r�'.;.,�s Satisfied �- _ 31.0 44.0 34.9 e,�`�� � �����`� ���'�� �;�; `.� +��"��37M����x'��4�}��n ' � ��.�:-.�-�::��� Very�dissatisfied � 3.4 7.7 9.3 .�. . i ,�,��c,�zj,`' ��'a.� ������y'�°-� �� �-�'�,� � ���;0�4� ��F�� ��%0�":si.2 Rees Consulting, lnc. 1999 Page 79 , 'i � _. , i i ', i i J� � , �; � ; j !_ � .� i -; � ,� � ' I ; '� , It �!� .J � I � i � I 1f,�.. ....I .i � i i ��I Eagie County Housing Needs Assessment 1999 The most frequently cited reasons for dissatisfaction are the smail size of units and the high cost, followed by not being able to purchase. Re{atively few residents mentioned being too far frorn work or not being abie to live in the community where they want to live. Also, living too far from services or near vacation rentals was mentioned by only 5% as a reason for dissatisfaction. Reasons for Dissatisfaction Too small Too expensive CanY buy, forced to rent Overcrowdedlno privacy Other Unit in poor condilion Pets not allowed living with roommates Too far to work Not in desired town Near vaption rentals Too far from services 0 5 10 15 20 25 30 35 4D 45 50 Reasons for dissatisfaction vary by area. Vail residents are more likely to cite living with roommates and not being able to have pets. Down-valley residents more frequently mentioned being too far from work. Being located too fa� from services was more often mentioned by Vail residents than persons living elsewhere. Rees Consufting, Inc. Page 80 � Eegle County Housing �leeds Assessment -�ggg va�dw�r�a �t�r �i��v,i����Lt:�� �ay �r�� Overcrowded/no privacy 21 27 3 i r M vr^�.-- x�`=+r-�- �-r^ Z -F". ty . rr�.�:t�y. r . .. � . °c^ . , ,2 7�t .� S r-'^ aT .xa ,✓cb � .k. �,'-^,. <�; �.,.� Zi�F:�x�i ,�'.�1,'.'�~����G1 �°'a "r5+-,.,�.J � y, s . e : 7� �'ijNici{�(�ic�, . .,[� ; . � t 1i . ; `,''�'�,jw+'' ,�12 ?�,r'�{' t- ¢ �s''�N'�yP� �"" u5ik ���}V�,' ....._��;.....ro.;G.2;'�.�x_c.;�:.�.�..._..�::r_..._ �',�i.�a� 1 T�„_�s,.ri..a,:._�. �.�,,.�...,.�.',.s_� h,�x..�.....�.., u:_.xy.,.,�.. �,c�;"`.::c... ��: 7'0o far ka 4vork E 4 22 ���'?�''!ltrCi�SICEC��`�t7}ti/f�� ^,� t ;�; : .- �-sry",v } � . �aa _ � '`.. .. " °f .��Fj r i � ,�'`-''��'.r � a�'i�. �"i�-�i '�..�i4us�s..=:...x...,�?.....`-u�7� �..�,__.......`.'�w.:w d:...`�.t�."5'�5..�..r.� Cr:�a.. 5...�. `�:r ». _ ..�.�.ar,<_u,.�:.� ._E,.� e�_,.,._....�?.��c:.::��......,L`.v�r; Pets nc�t allo�v�d � 9 20 10 t., ;aTT¢ tA' „+�.!�l:r'P+s:as.;p'y..�r,.-p••�;} n.,u�nr,:,a-x..«:`rs :;?'+^..:�t�f.v�,...,.�,....y..,!� iL'V��.��^1V'���I�Iti,�yQa11117�G�4�.�7, s , x � i,�� � ��.:L "7'7,'X ^^f r �'LY `KCr ,! r 5� 3 � L i ,, 1 .f . � t ' .�G`11�"�''" ' l�tm .�. A.:,uG.,��-:b' . l.:i�'3YF:_ � .�....e.$s.:'.w:.rs...,.,.:v:L'1�...,. a.�:M.�„u '�,r`.'� �.:;:.a_...,.... . �..+..a��.�i,u..n._�w',''_.�..�c.t.^��....:x_ �,t,:.n ,.eX _ ...:� :XS ;! ..�.�a�.:t Unit in poor conditian 29 �1.4 22 i'"y..�L:�t^rens'.'.RI?^^.f�J;;�;;?�,.aK��'"�..,.�,T^,_,.,°::7",S.'�)�� .r."'�,..,�'^�...-s„Ta p:���� .. +t,:}...J.;�1;Ty��• f'c,'t'^c'"" .c�?:r>r,.,M��e- y���i�r��e��� �,�t��,�fr,�� . �,.�:iJavr;�;y� ; r r ,' �e��y '"SS� � ��C� � z� �*4 � �', pr�'�:!,ti�a.: i! �,� Gouniy Housi�ig �leeds Assessment �ii�-? �'� �'t.�%`�L� i 6'3 � i999 Corr��arinc� the numbrr af rooms designed as beclroom� to fihose used as bedrooms is a ; I rn�:astarEmen� af avercr�wding that is su�erior to other standards. This examination !; revealed Thai o4=ercrawding is more con�mon among srrialier units yet found arnong all ric�s except pc�s5ila!y five-bEClroorn hornes. �3y applyi�}c� the percentages of overc� o�n�cied units in t'rte su�ply of ap�roxima�eiy 1 U,650 primary residences, it app�ars th�{i about 3�0 units ar� ov�rce�vyoed. �:c�o��� J��'s�n�d �Carn��ar�d �:o U�e�! �s �edroc��rs '� ��. 3 � ;��- r+- l . c ::��.7 . 'n"' .� i1 h `��y . � /y � *t z 1 � +� � t . °'YS—^" .,�Y"'"YW^.^x7 ac � s' 4�.c: t� r �. iff � f � y� 0 , �S.r 7� �i � � ti i�r 0 � � r � 0 � �. c . { � � �,�('.�'l+"" � S. � i . .7-:� ` I oiv h 1 � V/n x v_.� v� J�d �/O - E t � IO' a 4` /T� f ti �( ' t% 3'' �� r Y N x(S''' r.a_.._.-iT.. Ei a:.� �.:Jr.:..:..i.>w,..u. �.�..�" �_r .. �, . �. C.a..,u...,,....n�� }5:_.1'�ln.:..,1«uc:tt'v:G:.:.._ , �'�,uS.....e.�.w.$r.K �.....s�.._.�i.� _.?._c.w..L.:.w,:,... L ��°/O 7'-t�d�i7 32% 9% � ., * r..r� � t s'S'?`^-" Si > p'*. iL ,F -7.� Y. :i5i !� �1� p ' 'FT � 4� �y�f ,i—a � Q Fn � ; � �,. % . � 7r Gl � er.rvk"'it y,,. . � � q )'3,��...'.t�1ircny,t�lt a.� t n���.t �ih _.����L ��.�frr 4 L�� �O�Fi-.��4rtist,�`t°Yi0 �`� s t 4 .�SuL.....+y.l L..f-..:....U.,.�.,a-/.,.��.�-1.Fa� u_.��=.i._Lw._,�:.L..,_ti.,.,,�_i,. G..__ . t_...:.,�,._�, .�n .....L_.irt._„�L..._:w....«... a_ f_.-?: a..��.. __.. d� J ��0 �F � ��0 J V �IU r . .� � z+f 't e �i.�j �b;j�-.. dr� : .�S ��� ,s,i�' ���, c"YZ.. �. i'Sl ,jl.. F K, + ` � �� ��.��_.,_.... �, sa?fi��..::..u_.y:...4S.w�.!,w_:Y ?......5_ss�Y.s�. E.......;y�,�ti...:t?_� .z�JO.:�� t....L;��+.na��, v�0 � OD% �i 00% 100° o � rJ0 �o � 00% Tt�is r��te��l��odology cio�s rai take inio �ccour�i a cornman �ype of ovEr�r�v�c�;r7g in E�;giE t.;L}un�ty -� unrelatec� rcomrnaies sh�srin<7 beciroorris. R�nters ofte;►� rr�usi snarc� b>�t�rc�orns, �vi7iUli is a comm<�ri re�sor� ;�r di�.,ati��,facii�?�. 1�Vf�ile the fre� uency of this :.:ituation ��as nc�� rn��sur�:d, ifi is knowi� to eccur crit�r�. ���>loy�:rs ����a rna�i�;r lease r�ntal units for t1�E:i� Fmploy�cs �isual�y r�lace l'nree to faur employees in Gacl�i two-be�roo�7� unit. E-Ff t3::l��3":�a n`�e��.�`i�� �'i^�-'Y'i�'�'E°:� R�nters ar� pa�ic�,�l� rly s�sc�ptik�l� to risina housing casfis ar�d lirnited al��ilability. Eteinc� ! c�isplr�cEC� bec�+ast� the u�ti�is itl w�'�i�h fhey i�v�; are solc! �nd ir�sec�arity d«e'tc� inGdequate � IutisGS �re f�:��o �r�bi�n�s ex�niin�d tl�at �re unic��e �o renters. _ ��P.7'I�dfS F(iP ��1� Ori� pr�blem ih�� r�ntei�� �x;�F�r�ience is disp��cc�munt whEn ihe uni�t� in �f-�ich they resida �re uc�la. !r' displ2CECllEflf OG�:urs durin� the c:eak vvint�r se�son, ren#crs f�ce a '� nart;r.ularly to�.�gh hardship bec�use renfia�s �re ex�remeiy difficult to fnc, carnpirig is nc�t � � a tcrn�or��ry a(tE� native and wor�: hours are l�n�, IFavir�q tf ��m lifitie tin�e �ic� see4c C'r'.+:l�c,�C�1T16'llf �IQ!lalilq. � ! �J F:e�s Consutting, in�. — -- ^ Page 82 ��yle County Nousing Neecis Assessrnent -�ggg alm�st 8% of the rerfer hous�h�lc�s in Eagle C�unfiy (approximai�ly 340 houset�olds) are at risk ofi beirg dispiaced since ti��� units in which they rESicie �rL currently listed fior sale. ��r��es•-Occtapie� U�ias L.is��:d �o� ��al� �,��,'�r",� h�=�. ,yy ���.�i-N`�6!'�'sS..M� 7,0�*�'"7§�NeH� � �; .9971� {4d'4�6 G� ! � �LJ'�l�d5rl�taYi'k'L �G+�Y� �f y�3�r �. J . .� p/ � f rl C {�'t�1r ) �-,,,� �1� 4,4{4,t"S�.z(p s,_ `"6JC-r�" �',� fZ -0 vK'(}) ��, ��,��, "�+� '�i.4 t:t1 � °lti Q ' 70 ' �t , ``xi �°/O �'�-,� i � „-,{ a�". �n x ) � � �`�v;in `��� s���-�'� ,s ...:,.�........ I,a,J.s'`w.ux..-..F'�..�S.,,Sd. 6aRa., �_.a..�.'�t�* ....e.. ,...�.'�7,wE.-�Y.�ei+4n.�..... ��5.?.d-w.�:.La.,.»�.:� af�:...:�.�.hW. Yes 7.8 9.5 4.5 15.3 ��� �t�?j � ' a wr5 i a � �� � -�� ss r.^r F t' {..'L,>-,� a . n -;;— � ';te.irr . � ,�r Q�,� > -^-� _...�.y,,.,,� ���...i'��r a ' '"itr�4�_��� ) 4. U't�{r .+�� � ��::c�T.'��'' .i�,Y��".! i..��st.T�S:� . � , k.3 }ry ,V..s�.s.... � .,.�:..a�..�,.�....c.. t., ,r .. ,r'�''_.r....r..�.....i... N.,ws....�' h wvitt.ui..:,,;�'.3.k.j:.,ai�=+A"�vi'2E�,�� 1G0% 100% 900% 10�% �he concern �baut r�r�?ers being ;1is�lacec� b�;cause �he units in which they r�side are �old is w�:�rr�nt�c1 ba: ec� on rec�nt trei��s. i�� fihe past thr�e ye��rs, �0% of the r�nters in �ac�le Co�m'ry (�siimated fo b,� a��out 852 hou�eho(ds) hav� moved b�cause their resic9ences �vere soicl. F��niers in the mi� val4ey have r��en impacte:� the mc,st by the Sc'Z.IF' OT UlllfS. ���e�riy % of th� r�nfiers no��� residi��g in the rnid-valley arUa inrlic�tEd fhzy rnoved in the p��t tt�reL y� �rs bccause thei� f�,�mes �v�re sold anci they vv�re fo��ced to vacate. i-E:�ti=� �ar��r� �3ec���� � �ta�i�: l;�p�a:� �nicl (J�+���E..1.. EI�;�I_ ;'v��L1 �p1E,i_.�.� �' t�t3liyi� �,',�l_g_Cl�`' '���r'�P� c, ryn.� -� � r �vi+x. � rn. ;��` t..q v t. J .�'7 � 1��_i.�'GLI�,� ° �d ��.t� r��:..s ,t,.�.�.c r�-:t�'� t�r!� `�i� �1� k'a�s..5`E _l..._.._s_. �. .�._ ._, r,c,:....�. ....._. �..� � >.�...1:aL. ,,...._ .,. . �. .. �_ ..__ .... .. .:.i�. � � h:..... . �_. .1�..._:T ..::io.,.. i*io - £�0 8�1 76 87 �f''�""�'Yti,''�w-'i� l�V�p/6{r�E'y��� L w�i�V��O�'r,�.�- f. f�.:yS Tii1V�f0tir�'i�v ��[w�i�Kn�1�UD�Dy ���.�f`i ..L.,s=a3�-_.,�...� �it....s.a,F_..._,..,�,»��,..a5 t��_:c....."�:::.F...�:�..t�..Y,.,Zr....:.:i,e..:i ._..,�..»...,.,,. ...W�....5 � wF...'�.�f.c' _L�... .....4� .a F��..:s:3::.:.«+:'E[.,u.�_ %.G-"35t,-' J��.'ilYi� f�p�'J(OY.iIT12�EI}! �J% of t��e ren'c�rs in �agle C;ourify a� not tiave long-t�rrn leases �for #r�e uni�s in �ihich ihey reside b�f rafiher renf or � mr�nfh-fio--moriih b�sis. -(�hes� renters are � ut,jPCt to ii�creas�s in s-ent�;l �'��€.�� ttlor� ol`[�tl fF'��t'1 every y�Gr �ind may be ;orced fio v�caie tr�eir uni�s v�ith �77in;lii��1 r�c�tice. i�nly 5''/� of thle renfal i�nits are IeasEd for six- s?�ronth n�rioc�s, a srnall figure r�l�five fi� i!7e seasoria! f(uct�aiions it� em�lo}�mer�Y in th� count� Rses Gonsulti��g, Inc. V Page 83 �; Eaglc Cotmty hiousing IVEeds Assessment �_�asE 7errn � Other No lease - month io g�/a month 6i %o"" 3 monihs 1% i months rJ% P.enters in th� Vaii area are at grc�t�r risl< c,f losing their units �r having their rents r�ised unexper,tediy si� �ee 32% da noi h�4�e leases. I..e�a �e Y��r�s t�� Ar•�� Nty1 Tcy�` �',5� ��S �,X+`^.�' � ?'Ni`i � �t£t""f � �i'4 ��, �Ff�iL,. t :� FSANI�W �IS�I.e� I,xr ��kJ!.6'SIV�N�i.��t..��J ��1;� �N�s .c�:f � ..k� i�� �D�i1� i� Q� c� r.. �f� � ta�y�,F�. � �.,:x.}�-.3,•.�ra�::..�..d„u�t.b1:�.�rt,.u.�!-:.�G.L......,,-,... _..� .. �f...,ri. ._....d.........���...�..a..�-rc3 S.-;�1�.�.�i,. �.....t.�.: tt��.i F�o lease - rnonth to mantl�t 32 24 22 t' _''r"_``�, (.(., C. r 5 , � -� _ : ' , r r. 3 j. °i't . i ti �'t� � � . � ��r'F �. (. �. � .. )��.mQ�lf�lu �.ti 7..S L s > i�... ' it 2 S� �` X f N ��Y <<:aL.2.vwvwtl.L._u..ii�,1..Y„'i.�L.. 1:... ei.i,�..(,u... c.: , .... :.... ..la� u....�a�. _ �...t...la� �a� ct�.`.t.,` '...��vLf�.. �._.....1 ....`�..+� �� �w�,.4.� 6 manths 8 � �� e!� (ilUi��i'iS2y��rt '1�� ! f r �`� z." s M�, ,,�q tt�, ��'k i4T 'rJ`�" r f��: �.�cr.,..�n.r.d'6:r....r...v.� . . t,..�_,.»l.._.__.....� ._.,..�....,... ..v..�..._x. ._.r�.� s,.._��.s t.�.� i e�t ��._r,.t'..:..,.._ ..,�.. Otner 16 4 ` ��" ,., ('�(� L{u..'iu!w4.M.�..�..:J.3 �.r�....� .�.; ...�.�ssi ��.u.}r i.�_.3 a�l ...� t r � llll.�+r.�.w 6,..w ....... 545. ��Ou�v.u' ti ic... �it�c�:.3:._.�.[..{.)...�.`�:�.�c,t...:,v! 'i 999 ���ip�a��s��r��� �� �'?���:��hi� �s de�cribeci in the {�TRO;�ucTion� secfiior� of this report, approximat�ly 40% of the count�'s resideni� rent. fVia;�y of f,�em vrant to purchase hori�es but have r�ot f�r man�r r�eas�r�s. i�f�e iotal c�ast o� h�u.�inc� fh�f is for sale is tl��e rryos� frcquently mentic>ned reasan r'rallowed by hi�h da�n�n payrnents. The fact t��at hausing is not avaiiable �vvhere r�enfars v�1anfi to buy rrv�s seldom rnentioz�ed. i� i ', Rees Consuiting, Inc. Fage 84 Eagie County Housing Needs Assessment 1999 4��a��n �#�� �3av� �1Q� �'�s�h��ed �fiearr�� �i��?�'����� �l,r`�I �.r�����HVY�F�'-`s� �i' FcM,�j.?�e t54 �'�.h i" �4jc��'�x i a �xa�r� ,. i �,5r��,$s�,��,�14�3M ����TT,,�tY� ���h,ti Tot�l cost 83.Fi �4.2 82.9 84.6 + � �;. � `� �._. ;-�,�' � � ^�e p r� �t� ,ti +c---'^�^ �i �` 'i a"'— � "�; � �n^�'-�'.. �.LackkQ� dow� a � � ��;„ ��.� �� � 6'� � F�.��'S5 � ���� u��-�.,r�0 7 � ��^ ��> � J '�:."�:....r.�.2s�t'''2.;�wt ���{1 r�,u�...r+ v�'� � �fi��i'� ��� T' e�' irx� M t t&; �x� ,,�� v� �L.? s� a� . tiu`��-c�1:1�r"�. 3. §YLL't°''" � I z_ � +�, �rn, , _�.5.'s=��eea3�_`x �.��'� �4s'x:t�.W.._aac�: � ��w� Y2w+.%+.�..,. . �i�'T"�. w a�tv ? ,`; y.4� Y�; . „C-� syy7n.�i 4M S�R2>i -� t� M�w6:�YJ.lv..roaaP.:�aS .1.w_Y...`' a'++w4i2.Yiil�r:� :Lac� of.ti,�usinc; gype cF�c�ice 35.2 42.1 37.6 36.5 ,u' "'�t°'� iN^ c:Vr-eJ"^z[ �ne° r. �.-w—+.nv+..:r,�u,r i vn ) 4 �'t�"�' ". '" a, t'� s ��s � f-f?lh="•'.." ..=t.�. , i•,�'. r S � —5 1i-^�.a �-« . . � . ,x, ���n�� qu� ifj�fr��r a�la�n� r,�� r� ;�� ,� �,�:��`i�f-�2 � �. ����26 3 ���. "� � � t r.- �- T, .. _�{ ,,. � � e�� z Z� 9 t. � .} £� � �42�3' �GY.�F{.�i��''"��-xt:.�. i�rz"�e '+r��7..u;.�;'� �..,::�.`.:e�'+�}—.},� � �: �' �`:�' �+rrP.EV �S � !f .� 3.x .�� st,g„+ � `�eoZx•Y�TYa = 'sS t{ . �i �...�i;�€Z.yt.c:�.m..,f�c�':: C.LU �t_.d[i!3tzn.�.� ....z.....^�c'u"1� �:..:7 .�w.s:3�..�'.�:;� ff f> b�T „�'-w:� '�..4y7'.�.' y°"ii� Hnusing nai av�ilabie vvhere I ?_4.2 31.6 21.4 25.p �aant ta liv� ChEv^ �-e+ . r pr�� yfpn "�,.y,�l"'�� �� � r s-�.^scTM t P x '�'•?= i"S[. �."rt .. -m- '.^^*�.^�-t-x' C' Y,"i f t r eap�ra ��rt �.i{ 1�"a"%4°'•` i �'�-+ 7 F � T^'� � �i = � � � � � f �1[kh�t IIT'2i 5 1T } i /�{ ( �eL�.:� i � �JI f � � S��-�.-i� ��� y o,."3q} r h'} r• � M"�' s�M �a��„� y �� .:�"�� � .J ,,. r. ���'� � iV�� k',�k'�'.S� r� �ri�+i� � gRZ{ .+�lh �,�uc7'�Ja.S .•v�`i'�lk.`,7'7,,:.,�.,�'....A?e'S,".�:k'su�:'m'�...,c^,..s..� r.?;�.:..t d:n �....-L`?;«. s;..#,....x:..:.a c. ..», _. � X. u � si`� qC S s ; .Ya� � .. . , e� ..,f :sF:.�a �.._. .T ( e.'�...,. �qvc7o,u ,S�xt'ncW!? C)fher 11.6 18.4 9.4 11.5 �, ��� aiy° >���4Y ..,t,jav ; l.t�iy��r�'. ����—�"'`7•+^'%G�.t�,��t�xx+�5 Tr � � rr1�f"L�i� s ��- cm .k.'*��..�" . 't 4.C'�.a r� f �� F }(,, i�'p ie'i.`� 'Z-,,,,,r�`,k+T . y...M_.� _ r t �e r .�, ��.° `� of�l � �?� :� 2G7��`i � ' � 281r�i yp � .� 28$ � :;,e As �y�,�'� F� w�,E� 7 a,o",� �e:�Ki`;,->'r7 T.1.SJ �� £'�,P>�'x y� ��t� a��� .. i t�".r 'a^ti' �� �. G J.� V� .r,,..�xw�,:;e y;, R °`..t�..:.�.� ti..:L{;1:r' >.�ik.L��:e:.S�.:a..rft .<.43+r.�r L:;s....��.t�w .:i`..;:n..>.s�.,a`t,.�^ v-�.sSa3 i .k.s ,«, ��� f.�.��.;.i�,>...�....�:,h k.�a_, ..•��"..�s�i3n.w:s"�.�.'k-�:i:� Note:: Total ex�eeds 100% due tc mulitpie responses. Rees Consulting, inc. Pa e 85 9 Eagle County Housing Needs Assessment 1999 ������� � W� ���������� ��� ������������� This section of the report presents findings fi'rom the surveys concerning the conception and structur� of possible housing programs and projects. Trie �ollowing issues are ' _ , examined: � Homeoti;rnership opportunifiies; o Deed restrictions; � Trade ofifs; � Support for various employee housing aiternatives; � Where different types of hausing should b� located; s ��lho shouid be responsible f�r affordable housing; '' a Employer ��rticipation in housing solutions; � Employ�r support for deveiopment ar' empio}�ee housin�; and, m Employer support far regional, county�v+lide approaches. �ar�a����a��r�6�€� C�Dq���e�fia��i�:i�� Two groups cor�stitufie the rnarkefi for for-safe housing: 1. f�enfiers who want and can afford to purch�se; and, �. Current hom�owners w}�o w�nt ta purchase a dir'f�rent home. _ __ {�erate�� fhe fiirst grou�—renters who want to buy a home and can afford to do so based on currenf hous�hold income—consists of a�proximately 1,790 huus�holds. This estimate is based on the followinc� assurnpiions: , � About 56% of current renters in Eagie �aun'ry want to buy a home in the area wifihin � the next three years. Applying ihis percentage fo the estimated ��,260 renter hnusehold�, rougP�ly 2,386 renters wanfi to buy wifhin the nexf three years. The percenta�e is highest mid valley and lowest in Vail. ; Ress Consulting, Inc. � Page 86 _ _ . . � �agle County Housi�� Nee�s Asszssment �ggg S �!-�n annual income o� at least $35,000 is required, based roughiy or► a minimum � purchase price of about $195,000 witf� a 5% clow� payment �nd a 30-year fiixed ra#e loan at 7%. ($115,000 is about the lowest price typically offered in rnountain communities when public subsidies are provided.) ( ��e���rs �J�o ����at �n ��y F�nm� is� �4�� �hr�� ��Ii�his� 31t`�ars "'r� u"' 't if�F ."4 arn rr.�r'. k" .!'rci . u�'+'n—r7" �. � z� r. rr ��F.,t...,....... x � i^ �ic�J s. �y� , rr K i7� ,y i+ '� s'�. v:>. r?_s{= �� �`�t��.;���k���;����r�t1,�;�� � ����3�3r�::.;����,��9��►����c���r���r�!!��!�.�� Yes 56% 50% 59% ' y_. ~56% „�r�!^•P^ v>� �vn r;� qrT�2� e}r.� ? n tn .-z�. .rr +E"�p� !� y v,.}�`„Kyt_r a 3� .n' u O �q, 1� x'Ti r '.�'-�.rc �+' ""i r g a-'a-.��. �.� tx.+},a 1""�-',i 9�10� sk �� xr��`�G �'��: 22✓0� �3"I��rw �Z���O Qc.a''�""4 "� .����0 ��'' 1 l+t� � q0� �._..,- a:.i'Sr �..�,.r.._ ...tj� . ��,1 t �..`� .,,.,t:, �...t„ � ....c_r.f-,: s=..,n 3�i�.......,r:au....�� ��Y:.'l,��?� Uncertain 22% 26% 21 % 20% a'`<1*s� "s.sy�r.!�f �M.'t��4 p� �`,1�'�^.s W?4' '�s�'..`?'-'"'� fi r. S�acr�97`a rw ^r..,'� .'x'=ri,S ��� �.�,��,�,��� �:��.,� ,10b10 ya� 3'1.00%a ��4,� � 1_OO�Io �,, ,� 1� j 1C10%� "�x,�.u, �....�:�:., � ,�..c_ .....u......:.::i�x.,.....� ��..::�...w,,.:,`�, L? .ia..<?.�..:..:�... �. J,.a ..o...a '�.l..�.�..�..�, i,a�.._,. �.,..:.w Abou� 25% of renters ir► Ea�le County f�av� incomes below the $35,000 annuai � threshold. The number of renters wha v�ant to buy (2,38�) iherefore should be reduced by this amou«t fio reach an �stirnafie of approximat�ly 1,7Q0 ranters v�ho are potenfiial candidates �ior home o�vnership. This nurnber is still some4vhaf infiated because it is � basad on current househald incomes. With lirnited excepiions, r�nfers living with unr�lated roomrnate� will n�t be abfe or ���ant to �urci�}ase homes tog�ther. Thus the p�rceniage of renfiers vyho ir�come qualify woufd t�e some�hat lo�n�er. � 9����el��8� Incorr�� �is�F�it��tica� ��{ (�l�€nit�er�.� $"". z.�:4 � i�����^'+ �,,,-.er�.�' i�� �4�ith!� ii� + . '�5 '� � � r�n . ��..� '� en {�rn�i s'. . � _'�'r+�.jN� �.' �'�, ���l..�j'`' i c3 ,, r�4��.l� �`rlir,� i,e��, � � . .,. . s_.Svdor._sx,�r :.x..........a�'t'«?•p�,.t,.,L�.� ._^xa� � m�':,.. 4:.�0 . ?..t�,:r';xc...�.r h.._«.r :..��r.sn�_..s�,a.:::e: $0.- 14,953 2% 7°/p � i'5 �CiO�'�si � �99� �� �„�„��s_:r� ��� ` �r"'1 °%r�i�"�, � 4+,3r-�<;` `o z�:�7 w:Y :c�.t .�.�e:�.,�....<.c�!a.a�.�c �C:ee.�:�.baise ��r,�t...x.h��..,.,at'�.1'FaSz�u.aas �.�-��...r.�°'z�,Li.�� ��f"�x"�,�i�;�.`n`�:: . r.-.�,�::.�... . $20,000 - 24,999 2.5% 5% ��/`/��"' ^r�".�.t°Yf�""'S-.:;,,,."�f� ''�§, ynrp"�r, �. �� �,,�.�.,�,.,,� i�� �ui.,-r �y M� �--�/r } �;r� r�7��a a•rf�`�'yr�`cr^i� "`Y�Nj �V �,P;M�(`..~�V���-.;.��(�""'H� d'�s�ia � � w1'%L"v tt.us.�� S �✓4t�i�'1� �t�Q/O�tG�'..`ch'~'�'�fd 1.se..v.n.xY:a 5�:'�svu... +��.".`.� �'.,�'u �" v� %vcL-ttw+.tc..U'i�l .3S t"`.' Y ��o,aao = s�,999 .4�/0 ,�io �:y?�@��°�'*i"„� � `:'�'-�'�;nrr ��y,,-'�fi� . �,,,�^'��.,,,---�•�''"� �'�",Jsh. dF� �r , a.� c-�,.r;�a�q: �������' ��7�7�7,��' �i`"'�'v-"'�y'i�s �'Ss.�''�t�"w 0 sx�:�.3��� L� i�'� 0 v ��i:' r........�x?�w:t..ec°u!,.,wa�.�.�,.� a�S,� �xK c, � k!i �<IO ��,.��,,1 'T h�.- S�0 4uT, .r,.,r -� .,C.s` ....d� s.1L w. � �.,.t...l..,..s..,..�� $!-�0,000 - 4/-d,999 5°l0 1 d% �Yi--"�^�•.�,ry:'� wa,�r,�p^,°�Fd�'��; F� 4^h .w�z. ��ej..; `-�'c.r'+�•�,� ��jYir'' �'` . vFl1P.rixR b..� ��� fOQL7�.���99 �����t� s s�z;���djo�� �' ��'�-;�''�jQj� ��.`�t �x�J +s'�''�.'�"...,;m._'� ' ... ��,.:sn�... i....�., wa:...:�,..:..:w,: x::�s $�0;000 - 54,99�J 6% 10�/0 R;;�;y-mE.'^l •v,r��y;r�, .+,u�;ix^�;;.,�f+S� ^' �: 5 ..'£'.n ,r,s.,".'= r r.,... ��55�004'���59��99`��',��'������;a�,�, ����,�y,���:�:,���k A��,-:��?� ?- - �.<,::„ r.,�,a.,.�'�aur:.:. , �krs'�.f,.-.:f� .��f..�`. �+"'�" u,_:,...,r:i 0 c :i» -i,.:51:� ��.. r...�s: �����.:.���i." "s' �a $60,000 - 6�,99�J- 9% 8% � �+�..... �.�:�y;r�xz"'FP r.�/�/��".av" j�.tf. a s r„ r r I, �'� � -�;„ ,s •�°-.,E�� [ U� �V T:t-+E Qv Uy's. ��'�. �y � `sq��ye%s'an:�a{ tTf;1F�0,.�y � T..�,..V ��% O�A?'�U �VV'K ti � V y ��j4(' / l R (� yy � �� � wu.'t3cumui�.T.�2tr— .�l�..c :w-'.�.;�i ii�� y� ��+.�.S�.t:.v ���i'�..�...�i�v'f.p ,I.rb.:x"sa�a.�`�..:.. $70,000 - 74,999 7% 3% aFf'?7rL'S�-� ('i�^..r,""�5+� .K 'ry....-x��,,j�''•,'p�'rs�f'� � �°�,v�z TMN�,T�+�3q1 .nrrr,r-s, x;},q�" ij. � rS�t1-,"'�ce.: .*{;.:�p }��I:' U�LJii�. i�L1�G�����i`�+,�3`�� c. � Li��i .'t 7�O yr K ¢ t� �i ��/ �O ��"'v...SF=•j 6,,. �ti t -r�..r»,.�xrs..�u„wss-�ir._,s.a2-�P�*i:..,.'"_S:S "'tbYx�G�ry.Y�m.r.>y.�,l.�R�t��`�..�.,.._:!fL.c�...�i._� S!aum. I ����o �) ��% Rees Consuiting, Inc. Page 87 Eagle G:�uni}� Housing Needs /\ssessmenf �qgg To��l cosi is the prirn�ry re��or� w��y most renters I:a��� nof pii��ch�sed 3 ho�n� yet. Laci; of � dov✓n p�:�ymunt v�as cit�d by ovE:r h�lf as ����ofi.��c,; reason. °�'slY�y i��ra��r� �-�r��re i�e�i Ye:f !��arc��s�c� sa;� ao�ia �o�% so°io ro � � �o�io 4 p �-+ C �j �i�7 �o w � l7. 3�% 20°,�u 10°/a 0% Totai c<�st L.ack c�f Lac't of C2n't I-iousing rrot Cheaper to Other oo�;m tio:r:in� quaiify for zvai!able rent pa� men! typ�: ci;oicct lnan vahere I �t•Znt !c lis�a Roie: t\ lisi o("r�thc�' reasons is i�iciuc�::d ir� the �ppendi�:. �i.�/YYiJt di4�.}3�\iV�II�Q'icC`.1 "(�i��� s���t�nu �Jrou�r---curr�rit h�rr�eo�nrn�:�rs interr:r�^cl ir� �:,urcii��;inc� � difiere�t horne— cnnsists ur a!w��rn>;iir���� ;iy 7,� i=? {��•:;��: �hc=1�:7 �i'rtiis Gsti�����ie is !�r s�.ci on tl��e ���umptiari _ _ .__ .__ thaf E;0% c�f t�f� 1 �,�;�9 }»u�eh�!;.-as ir� �;�b st:.s��iy �ar�r� F o� �ion c>F ;::ac�i� Coun#y—or E;,390 I?UU �EFIC�ICiS--�fE Gtr�lil��f5 .3tli.i iilc!: �t�`i': t:11` t�lr..'C71 Ut'E; Itlii�i'C-;iiC�a fi i}�!.�i r'r�,:.�sinq ��iffer��:r�fi FE��-nP. ��c��i ; c}rc.�u� u}���:: r�;�t in�:o;r�c; c�{�.���i.ir";�cf t>�:cG<<se i1z� er�ui¢l� Tf�ey !-�avF in ti��ir curreni horr`iF-s is ur��iiodJrrr. Sli�i�tly rnor� miG� v��il�:y hr�meo�,n�r,� rs �r•� ir7ter�sieu in purch�sing a nP�v h�me than V��i or clov1��,-��aii��y ;t�: idents. ; � F:ees Consulting� Inc. -------------- ---------- ----- ------^..—_Faga 88 _ Eagl� County Housing Needs Assessment ���t��t ���a����i��:+�a�� [i��er�.�f�s� 9�z �t�r�ha���►� Clgh�p 3��ix�� � s4� �� � ��Sr i .. ��,,:..� � �^^"sx'[o;ns��f ��'-vxf'^r�'Y '�' � C ;'Jv�'� ��' �. "'� i' ti :��.���s; �.�.,n�,��� 1���, � ;�'���l�c� r; �� �����{� g�� �„ � �?����� -„ �- ��..�....�.,_.:.�: t:;� , �.�,�.....� � � �:� . �,..:..,�.��� `��s 4�4% �?_°% �7% �2% �.yra;�}-r,f�7,r,r5d R�rt'��";.:* r fiY�z, ss�qr.; c-;,��;,:u�r? '= v.;M{:::t�+.,,—', nYr,. r.._c, 9 '�y �k�w 'r'�r f o ���`�� � � ,:,���.�+'�� 0 �'srk f�C o �rz..�°ut r"�a,"� �p`' )� F ���' � f���=`_...'.a...�ii � �-tirFa���O,•:�"3. �5��?.�.�:e�0 � �ti �''" � .J� �U ' �t x .�'h.'Y^r;5°f �U�/0,� i�na'd'Nr..« R:..,_,.s�._ � �.'t„ai ti �r :�,2.:.2ci.,.�,. u.u.::Li}:..u��..a.:.Gt.ESL:I:t tkas'�.�`�.Wr,,. . .... 1998 The prim�ry re�sor� v�P�y cu�ie�t hameovvners averall �nrish ta purcnase a differ�nt home is to awn « lary�r hom�:, �ltf�c�ugh this �a�as less irriportant to ciown-vailey r�sidents. Some�rhat ��ore imno� fiant for �c�wn�-va!!�y res�denfs is living ir� a di�f�erent ioc�tion. ti'ail homeob�r�ers are tf�e ie�st coricErr�ed about living in a differen� location. �'de�}n�� ��t•��rrfi�g to �'urch«���: �;3i�s��-�:�t Fia�s�� � �p 1 i^u�.��A .a},� Y ia.:r�F�� �����y ��.�-.�c � � fi>y^�s. i� ti ,cc� �� -itE. � .-t. ' M�'y E ' t � y*,� �"���e��."h � '� s'�'�.� � � ��°�:Y'��� ''� r'd„��4{ �"' � t�@� �FT -�` �Ce�ii'Tm� "i � �:r' �,cra � �y�'.�'`� i `a' r> �r .z�,�s�r r 3� qy.k' ,X �t`4 i�p �a� v �F? ' £�u,r �.Y... ��' � T\ s r„ '�+,tt � t. � t 1 � T �',"j ti .�J I G J tL kt ' aC -i 'r4 �� � � Sy, t t33�'s^'S'�s? e� y d if r r i � ut`..� :1�, ._ �::s._a_,...�`�.:.,.�,t �i .sii•�v,..�s_a :x � 5.. � �s;��.:` ' � �! <� s o.- �3a'�� ���d . P � � � 7. a ,�` � � ,U =: �ic:� v�. r�u�v_i:�,..� i..ct ... z ,�„����� ,�� ; C3��n I�rg�r home 5�3% 63% 63�/U 50% f,'^ ��:�'fp yCp�d �'i �+4l'C�.rja,�ti"'� f1. �l Vt y� 7�.f( 1!' Y_1 �^,i�'?7 ��) %Fh 2 fx ..�/ � ii F� .. � Q.,�n �:.'.��.tl��i fy:��:?v ♦ ��.4� `r'`I Vl�al�t,��b�! Y ;11 � y^I �0/4i � 1 r 1'�D/Q p � �d � �oi� uf S � t� t �Cp . - .u..+lsew.+L�.i, ..: t.u... v�Y�;.i.h ... ,.� �—:M..s ... �rx...e....� ..._ . .vnSG.�_� ....�. i.ivc in �iifer�:�t�t f�c��fi�n �0°/a ;Z5% 36�io ci i% y � � .. e^ .r+:a �;S^`i � .�.i 1 r bt ,� v � s`si} ���.,r tl N �� �, � '�v .. ., t ������t � � 1 �� iJ � �.r a � f �,�t,t � r � . l � 6 +. ( . 1 �� 7 iG, ]/;.y}9 .J / s 'J �i K...i!: ._..e�...�et..3�.,xr....�r.+.k�:i..1.��u��i�:� ! �..`i�i:4n+Lt3'ra,.,u.,o1„ � fyy, `.xl_%�''. �.u.....�..� I ��lOt � .a�a....��eJ,...u���...m� (�tote: /; list of "o!h4r" reasans is includECi in the appendix. ilnulti�le choice quzstioti, res��orises �xc�ed 100%. �?�"c,-'� Y�!':�fEi'€C;'�:€7@.� Gced r�str:c�i�ns Ii�ii ir�e rtiie and arro�nf by v���icl� i�omes nay an�r�ci�fe tr�r�augt� i'°S�IB �3ftG�� caE�s �,t�ac���d i;; �he cl�Qd. Ueed r�striciions thprefar� lirnii tl-ie r�turn c�n irrv�sin�ent by resiriciin� groJ�rth in �quify. Yl��r,:se restric;ioi�s are iypic�ll;r pi�ced on �C�:vJ�I� units it��at �r� d�veloped v��it�� �uhiic subsidies or ir�ceniivzs such as densi�y k�c�nt.ises. S�v�r�;l qaestion�> ��re askec�, first inairectl�;� ar�ci tt�en c(irectly, abouf �erc�{���ions ani� accept�ziai(ii�r cfi de�d restric��ir�r�s. ,yil potential homebayurs, botf� o��Jners �r��ho war►t � diffe�e�t l�rarrie �nd ; enfErs vul?;o v✓arit fio buy in ihre� y�:�rs v�jtE;aut consid�r�tion o`r ir�co�rt� �iir.tik.�ifity, �v�re <�s�:�C{ �IIG Ii7l�Crianc� of variou,� reasons for �urchasinc� a I�orne. Sf�•hiliiy, cantroi ove; r�csrr��, and refiurr� on ir�vesfrnent ra;ik f�ir�t��st iri �m�o�iance ror pros�ecfii��� �.�urchasers ov�r�,l, ait��ough 1l�ii r��idenfs place siigritly l�ss i���porkan�e on a�preciaiion thar� r�sic��nts of the 7ther zE�vo areus. Some�hat Iess im�ort�nt overai! ar� incomz iax cieducfions for n��artc�age infer�st and long-term commifmzni to the commu,�rifiy. �ees Consuiti��G, inc. Page 89 Eagle County Flousing Need:. rlssessment 1999 ���acr�fianc� c•t ��€��sr���� �ar ���.:r�'rz�sir�� �o;r,« Long-term commitrnent io cornmunitv �ix�d cosf-no annual r�ni in�rease Stabili�y Con!ral over hotn:�;no landlor� Fceiurn c;n im�F�stmentla�pr.��iaiian liite�est deduction on taxes 0 0.5 1 1.:� `l_ 2.5 3 �.5 4 �.5 5 'Y =� iiUY It77}7�J17`uYti; F.i ' 1'fii'y! lit'i JOi'`i.'ctii�. � A �nc�er> ir�-clepth iook �t �zttitudes G;'r�out r�c:turr� cn ir�v��:tm�r�i �n�! ac�pr�:;;ia�i�n ae:�c';s ir�sigi�t infr..� i��� �c�iei�fi;;l ac.c:��fance of c��:��c? i�r:s�ric�tic�r� ��oc�r�ams fi!��at car> ���ipreciatien. (�r>>y ��G�a (:1i (�C?t(st'i�13� �;DI7iE;'�)U;/t't"� J�/t3i�:;�� f8E?i t��lli`i1 Cii'1 ;nve:>?r,.ient/�;OpCBCl��i0I1 IS I10� impc;rtant v����iIP 52% f���:1 it is vcy import��! if. Currer�t V�;il rt��.ider�'cs � re fihe IQaGf. li�:ely to r�i�l< <�r,pr�ci�tic�r7 �s v�ry iri�pc,r'ian� ��v�iii�: c(c;:l�<<r�-v�!ley r�sicl�r�l> �r� �t���� mast likely to �alt,» �t�t�iliiy �nd c�i��ro! over thcir hom:.�. ',' Rees Consullin�, Inc. �- - ----� - ----.-- Page 90 Eagle Co�nty Housing Needs Assessment e!-�t7po�$�i�C� �'i�' hv'tt�t�r: c�� in�es#ra�er��l�Eorn� �p��-�cg��ion 5-very impertant 4 3 ?. 1-not im�ortar�t 0% 1G% 20% 30% �0% 50°/a 60%a ...� �1 rnare direcf ap;�roach ����s then taken with pot�ntial hc.�rrrebu��rs b�� �sking th� ext�nt fio u�hich � resale price I�►nifi��tion v��ould iti�pacf ti�eir purchasz dc:cision. Th� o�ii�ns �ve; i;: o �iat af ail—iimiiations on resale prices L��ould r3of b� a iactor, � Very litilE---lin;i���ions ��rr��!!d r�oi �e a�:ey cor;sideration; . � tv�od�rately--�� es�l� �.; i�.� lin;its �vouid be �n impr,r�Gi��t cor,sideration; ancl, e�Jery rn�.�ch�—re�.al� limiiarin;;s �+rr���lr� pro���bly 1-�ot b� �cce��i�,ble. i�ver haff ar'the pc�iGn;iai horne�.,��yers over�li i�dicatecl zhat a rvsalc price lirnit��ion 6"dOIIICE V2i")/ CYiU{,}� irnF�act �t}�ei� �urcf�as� decision � ar��d wo�ald pra�aabiy be unaccepfiabi�. About 'i 8°lo s't��t�c; that a res�le prir.,� I;n�iii�tion Lvo«Id n�t im�act their de�isi�r� at a(! �r vEr� (i�lE. Rees C�nsultir��, Inc. Pag� 91 f � I �. Cour!;� Nousing Needs �ssessment {re�.��cr t�f f.�eed F2estriciior�s csn l��rci��se D�c�vicst�:, Net at all 6�io Very littie Very much �J.i'�o erat°ly !9% Deec1 restrii:tions �re gener��ll_y ac.r,�ptable �o r7ore V�i? resid��nts tt}�r� mid- or �own- v�i#ey resic��nts. Tney are unacc�:ptabie �to c�ver t�aif of rnid-vall�y re�idenzs. �r�Es�:s��d �f ���a� �2esf��e�4r�r.:.� ,�a� i=���c4��� ze C�e�i ,�;,;�� �y �Y�� Very much �vioderaieE;� Verr littie ��� t\Ut dC ?�� 7�-.. YCi .I �w 4�.- . i7`r ,e• �fy. �F'sr = � txiF+,e -,z �r��.�. >�rt,� t ,.s_"' � �+•�t s riC �,rv� rrt`.J � i d1' y��;i��� ..;F.a.r � � ! d 4, s a� �J�r t���s� '�� i� tii F i , `Fi 0. h� t� t S 4 1rJ 4Hr „',sd,.,., �' .y'��v� { � ~ � � f «, 7� � � .�� „S n �k ,l � y , � F � ,- s-.r „*. 7�yv.�, t �'�=�,�' � '��� ,+t . �'l i i` � q ( , KhM r .� t G . �,rx �� �.Y � �7`�r � � '� s �J �.� � �.(��- � G �., � :�r'+�: j F . a � � �u* i�.t..5, t �."� t t ,} .r � } � . } s ,.rl r t� T i�? j r s h�`G t� rf3 1 n'i �g r C1 � d t M1� 1 ryt �3. ��.,: Lr.°'�,r+;,�..y�,�r n `��A. .. c'-r•.�-C;' ., ,� ,Gi � � t� . ; 4�: • �[" . 'Y5` ��� :tL..�Y�����Y.rc.�� . j � O�ia 'fd% 2U%n 3i1% � 40°.�0 50% bU% PatEntiai hori�nuy�rs stat�d that � r�c:n� yvitf; a 3% cap on annual appreciation �oulcl need io be pric::>d 2?% be±ov� rnar6c�t ia- i!�en� to buy it. ReeS COilS�Jtir�y, Inc. F'�ge y2 Eagle County Housing Needs Assessment E t�e�� O�� 9999 Trade offs must be made to provide and maintain affordable housing because land, constructian, and a�her� de�elopment costs are hir�h and "affordable" levels are below markefi value. Eagle Gounty residents were asked to rank fihe importance of various facfiors that influence l�ousing selection: price of home, community you want to live in, unifi size, unit typ�, amenities, and desire to awn. The largest percen�Eagz of Eagie Gount� residents chose desire to own as fheir most important factor. The next largesf p�rcen�age chose price of home. Few Eagle Counfiy resicients consider unit type; size, or amEnitiPs as top fact�rs in choasing a pl�ce to live. When making trade offs, it a,�pears that owning a home of any typ� at a price one car� afford and in a community in v�ri�ich cne wishes t� live gen�r�lly outuv�igh fhe opportunity to live in a larger single- f�mily home t�itr7 more amEni#ies in a less desirable location. "t'o� �����ar ��r Cyhoo�inc� �9ace �c� !_iv� Desire to owr Amenilies Unit size Unit type Community you want to live in Price of home U% b% 1U% 15% 2D%u 25% 3Q% 35% 40% d5% i his pafteri is e�1en m�re apparent vyhen one eaamines the top �wa factars Eagle Caunty residenfs selected as mosi im��ortant in ct�oosing a place to live. Desire.fio own and price of the horne �,�sre among the top t��o chaices of E�gle County residents; far fewer r.hose ianit type, sirye, ar amenities as one af their tap tt�vo choic�s. Rees Lonsuiting, Ir�c. i'age 93 �aqle ::ounty Heusing P�eeds Assessrr�ent 1999 ic�� l�v�Q i=ac�r�-� a�i Cha��sin�= r�la�e fio Liv� Desire to own Amenities Unit size Unit type Cornmunity you want to live in Frice oi home 0% 10% 20% .°.0"/� 40°io 50% 60% Percont af cayls Ccunty Distinct cJififerences f:XiSf q�t4�,�een residents af ti�ie tt�ree ar��s conc :�rning ihe rnost importanfi facta; in chacrsirig G pl�ct; to live. lVlany morr� V�i; resici�nts rark iiuir,g in fheir ciesired cornmui�ifiy as f�e n�7ost imj�ort�.r�f 'ractor t� iar� residents of the afher 4vva arE�,s, M�i�ile fire des;re to own is some�.�rh�� iess ii�i�art�nt ror 4'ail residents than residents of the ofih�r t�vo are�s. pesire lo own F,m2nitie> Unit size Unit type Community yo� want to live in Price of home 0°ia .�.% 10% 1:�% 2Q°io 2j�% 30% 3j'/o 40°/n ���% 50% Perc?nt of Rre� F2ees Consultir�g, inc. � ��� ������ ���g ���������� � ���:a�� �:� �.e�w� Page 9� Eagle County Housing Pdeeds Assessment l 1999 C�ifFerences b�t�veen the three areas �lso appear v�hen exanining the �op tUVO factors in choosing a piace to (ive. Desire to own and price af home are impartant to more down- vailey and mid-valiey residents than Vail residerifs while living in their desired community is irnportant fo rn�re Vail residents. i'o� 7'v�o F�c�ors in C>hoosing a Plac� $o �.iue Cr�mpari�orr of Ttaree f�reas Desire to owr Amenities Unit size Unit type Community yau N1ant to live iri Price of home U`% 1U% 20% 30% 40°!e 50°/a 60% Percent of Area Renteis �nrere asked if they would iliove to or live in a communify other ihan their fiirst prefier�nce if this �llowecl them fio buy a home. More t}��an half averail said "yes." Ulid- vailey renters ar� th� mcst wiilirEg to move to buy a home, vyhile Vai! renters are t�r;;ely undecided. Rees Consu(ting, inc. Paye 95 Eagie Ceunty h-lousing Needs Assessment m � � , � �� a .., c � U L � Q. F'2�a�ie� ��Ii9iing�7uss �fl �i�ov� ic� ��y �Zesidence ' Yes Ne Uncertain 199� �.��g�lc>��� a-�c��.��is�c� �'��9:�t�siG�:ive:s � j Eagl� C;ou�tty resid�nts �vere �s;eci �����iich of various aliernatiues th�y supported for �� c�evelopin� erriployE�: housinq: �� �� m Weif ov�r h�(f suppon inritision�xry zoni�ig, ��hereby a p�rcentage oi all new home� are cicsign�:tec� empioy�e housing; o About t�vvn-thircls �;.�apori cornri��ercic,i iir�kag�, �vhErzby t mployers pra�iide housin� i': for a percentage of �II nee�r jobs create�l; . „ � f�tesicients �r� ovErwt�eimincriy c,'�7F)!:�SrCI ia a property cr sales fiax increase v��hile h�lf i 1 a�e o{�posE°;J ro �r7 �;mpl�yee hEaci i�x; and, � 11�any residents ar�e unc��c�in ai-�out cl�nsity bonuses and development fee rr�aivers, which m�ay r��i�ct a lack o� kna�n�ledge ��nd/or ativareness about these alfernatives. �; � _.1 , -- ---- ', Rees Consuliing, �nc. Page 96 0 Eagle County Nousiny Needs Assessment ������i ���- ��v����a��r�t �� ��ra�lo��� ��u�i�a� Commercial linkage inclusionary zoning Development fee dvaivers Density bonuses _,... .. ...�..,..... __. 1...r_,..,..�.m_ Property tax increase t . +, r F�d �� � `��µh�r,q.P �e � re.��"R�c r .� .,S z �r�5}�,�,e� � �^� � � i ,�7�-� =a �nZ �r�,'� f' �'�,-'� �rr� .�3�s"�/yr`iax � ���,r,� ��r.��a� � � 5� � r� Js� ,�: �-�--.<<xs�!: ��,°3ir�3: ���+�".�- y 'x�'t 5y �� � * '+�'rt� a��� F' �5r ` �Ev�- �'S i a�K,a��`,'�'4�af .�.'�'ll.s�s�E�, ,-p�,�f}yt� .� ��i,✓"Lt-s, 'd4� �t T'-� �4''� ��: �r`E```T Empioyee head, tax J � � � w�,s,,'�rS � �� � � � �*�� � T�� �r + � � Y��' ' °SS7e;�1�� � n��� ��.LZ,�i�°���,-,�ij �� �� ,� `.��� 1�� �� *%'R '��e,3+. �� �5'�; -��n-- F li�x+'-�.�'.�}'�: a ��� y.�,�'� � ,� � ��`� ;et��'�7:irt:jtiY »fPo.ut".,:,ru�rt�..�.����rr��.�5>*�+�4.��E+..a4'S.��...��'��.i�r���?�" r�3'*.r'�'; Sales iax increase `x�`�. � P� ttu i � � . T.n.t,l'f t f� }�"�'� . �iT� .', µ'�.'�7 F4 4-yi- ",. � � :�c ��^s � . L�' J �s �rs S P� ��f1 r ;�rY�,,.�-,.,�� �,. A 6 ���i� h lz�,� :r�rq�, �,�rr r�;�t�� ti r t t� 1��^ w�3 Development excise tax ',--� �r.4:.. ev`'� �m N tuf-�`�'� ;e�7''�'^�? '�°,p--i J�`�j3'`��'n`'ra-$ `�U? ,� t �s��}`�w ?� �E"'' �;•,-.C�-.:.���a�rf�i�..,, a { � .� Y"Fr� �3� � on resideniial and -�-'° �'�` �`�' S- -� ��� "�";'i ' ,ur `r"" � e �� ��,r�f ts Y �,�tt" � �r,�-" y2.�y-.rs�9 commerciai construction � '� ': -�' .?�i-n'•vi"� �+"" � t� �a�''�� �^ '•iF�' �il,��, � �t#f n r -�t �'�t ,� n � -s.'.."�� ,,w � �. _ � y��.. ,t,.. :t�-!�s.v.nc:fi•r, �•,1s.eY., _ ..rl� t....<N. . .�r , a...._. _ ,,,. ..r. �,.r,...eX. ..'. 0% 10% 20% 30% 4U% 50% 60% 7U% 80% 90% �f�a��� 6°6o�as€�c� �hc��i� �3e E3u;i� Ea��le Cou►7fiy residents 4vere asked �nlhere �ot.ising for various populations should be buiit. "Through�ut fh� county" was the most popu(ar choice for all typ�s of i�iousing except seasanal sE;i area employe� housing; 52% of Eagle County residents feel housing for these employees should be buiit in Vail. The secand choice for where immigrant housing shoulci be buiit was "not in county," although only i7% made this chaice. i 1999 ftaes Consulting, inc. Page 97 l t I i I Eagle County Housing t�eeds Assessment Seasonal ski area employees 1999 1i�d➢��r� Wo�ssir�g fr�r ��r�aus F'�p�l��iat�s Sha�aBd be L��ilf '�,. � a• 4 � m-: r r"K-n m,^� ^r+^. ^e.� .e r� p F�u--s ; ��'r��. ?����1 ���I:nYsarr�l ���g(�l �Av�n ��c9�v��d� K�agf� Gyp�ur� rThroeagh r 3 k�a� i 3 S ��sY� .� �� �� C i� �K r � � Yi f t : ; �Ft(r > '„�. Y�"5 '� .X ..�'�y 7 p� ! �G t c, �Y � � S C S A. t �"S�.t , �'�v� 4fYT� tF � iJ 4��RA �l.�B�l{ �° �6F��� 16��'G'�.G2". t R! n 'c ,� Y '' t wY � n.5lf � i� 2�idL . Y��s��� g• �}>.er �`S � t? ;� � " �� i s . zr� 5�„ i. � ,� i i4 yt, r.� .�-.�i 7 t;�1 L S`a'� s5 L*� 3fY� 2�..,�v r; t ¢,y�'z I L � t� � �Ctti Ci�ay1L��.-�J%..�. <..n .,,waf......rer. r.r. �.�,_.:.5_.'. it....,cx�Nia�.: � .n.1LC..�i..cF6.:w'..� �.r.,t.�..w.:'[ � �.�.�1 a.'._.s#.i:�l•.�t✓�UEI°Y,... � y�vv�ia�F'fi 57_% 18% 23% 39% 19% $% 7% 48% 2% Essential employees Construction warkers _ �___...._._,_�r..._..-....:.._._,:�. 5 0 o s, z o. i � r> o �F27°/ s22%+.a`` � � Yi °ur'' t �s °'�'-�-.� t�:��i/o 12/of r2Jl 1E/o ; x2�1o. .,. o<< � 76/���r s 2/A ,; ,��'�i`x. . .-.,si �ti..ti....�..:a .: ��,.,.'.f :. ,. ,.., ... A � _. .._.. t.., ._.°n _.e f._.a Y.:.:.,u..de� �. ,�;,a...�......,.{ x.....,uio,.,f,�`,.,..+: � .»i._:x�: ,Yd�+..seri_i;L� 16% 7% �10% 15% 12% 11% 7% 81% 3% -� �' n D o � o t� 0 0 r'"^' o o r � 7�o 9/,0,� r 9/0 ;r �/o, 8/0 8/0. 7Jo 10% �r66/o °'_ �" }�._.,. ..._.,�.... �. dsu, .�_3__.c. .�s.:.,.. ,_. �. , �j .�.d;m. �..r.� �_, e ...A. . ...?;�+..<..... i<.Y} ..�_ : �� .�. � ..� ..�s � �..�.. . r ,�„ �., s...._.. 5% 5°/u 5% 8% 8% 8% 9% 8� % 4% � �'.9%0 � *; � 6%' `. a'{�� % x'. .�') %` � --*11 % �. ° . � �'�-7oi � I��jqo . s i � e� ��"L: t ) . ti � ,,,f�.l�i,� . � ���0 ..( ! /U r,�..V`t�0� y.F;�2°�0.}'� , {�a tia '� �. i 1 i �.�^ N Y.. � t t 1 - . � �: �� Y i� u .+. lr' '' a w{ f" �. .�1. .'Y + .. . ( , � F (l � f�.y V ( 1., . . j �s i F� p. �4�� 2t�'�'��� xe�arr�a � ° ,, .y� � r f . �:.� ?{ �.i x < � �''7� .t r! � i;.ftMw�...t.,e `2, �..:1..�:...5. ..s_L..._....._ t._c..U� :..: J._. _.+...� � �....,....:x..7[ vt..,....... �.. � i.�x_...�...�r� _�..: .�_ <_ .......w.,._ ..,..._. . S�CiIOfS 6% 6% >% 6% 9% 1fi% "11% �2°/n 2% �. iC�^ �T i �iR KE`i Fa' �'�"4" t � t,�, 'S r d ^J P 7' U 1.� O O t- � O . I "�i O�'r J L O ;f f��c�!Wage���'�c�� �.f ����1210 u t�8/o� � 6l0 10% � 9/0 5 6/0 £i/ � 78/o t � t � �� r i. j4� ����,.�F �,��r� �. � ,� 9 � `� s 'a� s � i , , b �S , o r � �o , � . ('�all/,5°NICG� 1i1(L1+CICGCS.��s t ;�%"',i't .�� � �r ` � '�, :x u :__N� s y�..'�.5_i u. ..�. �<.._..�: � ? ..,,,_.,. t._.w.`. .:.::; . �,. `, Y j �. z `�� : . . _ ..= �_:�lu . .:::i. ..�i �.....':E..i:..nu�,� *Multiple choice questian; tatais exceed '10�%. ��s;�onsi�ili�� ��r ,��crr�at�f� �i���irr� Eaale County resider�ts fhink tt�af larc�e ernployers, private ciEVelapers, and/or iocGl gouernmenfs should be responsible for building or �rovidin�r.� fur�as for affordab;e. community housinc�. V�ii r�siclents �tend to fayor pr�v�fic d:a��elo���rs sorne�vh�i more fh�t� large employers. "rl�ere is m�1ch iess sup��ort far I�c:�l r.i�ire�s/tf�e ger�erai F.,ublic or visitars and tourists being responsiple for pr��viding «fiCord�ble i-�a;a� in�. �;�t�o ���aca�cx �� �esg��rr�i�te �aE �fi��rr���+4� C;�rr�r���.3s�ixy FE���inr Second home owners Visitors/tourists Local citizens/generai pubiic Privaie developers ' ' -tocal housing authorily i r . Nanprofit housing , organizations Ii l.ocai goverriments t.arge employers only AIi employers �% i�% 1�% 3�°�a �?17��0 �� rJ�% 6�% T�Ci"C.tllt Gi�i@& tJote: Percentages er.ceed i CO clue ta muliip!� responses. Rees Consultinc�, inc. F'age 98 . I Eagle County Housing Needs Assessment �ggg Responses from Vail residents totaled 361% �vhereas mid-valiey responses totaled 350% and down-valley responses 339°'0. In other words, Vaii residenis chose a higher nurnber of responses from the options presented, indicating that they generally feel rasponsii�ility for affordable housing should be shared by more entities. �mployer P�rt�ci�a�ion ir� Hc�u�in� Sofuiiar�s Half of the employers surveyed repo�fied th�t th�y currently provide housing or rentlmorfgage subsic3i�:s to an average of 68 employees per employer. This percen#age rnay be ayerstated since larger employers tended to respond to the surv�y more than smail businesses. The empioyers wr�o provide housing offer an average of 59 units. About haff of the employ�rs responding ta the questi�n stated they would he willing to assist fiheir �mpioyees v�ith housing in fihe future through rnaster leasing renta! units. Oiher papular options were do�vn payment loans/grants and security dep�sits. Least popular w�re buildinc� housi�y on sita Unci mortgage subsidies. �rr��loyes��' �'refierr��d C��fhodS FOF' R�S,�'.yi�t��� �riiE: En;�loye� Ho�sia�ic� Purchase existing housing Buildinc� housing otf site 6uilding housing on site Morlgage subsidies Mortgage guarantees Duwn payment loans/granis Rent subsidies Security deposits F,Aaster leasing rental units L ,o �vio cu�o ou7o 9U% bU"/o 60% %0% 80% 90% 100% �r��lo�r��•s' Su���rt fior Develo��e�rt o� E�nploye� Hou�is�� Emplayers were askec! which of several alternativ�s they �NOUIcI suppor� for developing employee housing. Well over h��l� of fihe ernployers responding to ti�e questior� would suppar'c inclu5ionary zoninc�, developm�nt fee ��aivers, and density bonuses for Rees Consulting, Inc. Page 99 �. ,� Eagle County Housing Needs Assessment � ggg developing empioyee housing. An Employe� head tax ancl sales or properfy tax increases are fhe least f�vored aiternatives. �rr�ploy�r supy�or� �ar �ev�loprn��t of �rn�loyee 6-�c�L�sing Commercial linkage inclusionary zcninc Developmsnt fee vraivers Density bo�7uses Property tax increase Employee head tax Sales tax increase Development excise tax on construction U% l U% ZO% 30°,�0 40 io 50% 60% 7,�% 80% 90% 100% �rra�loy�r ���ppcs�t �ao� t�egiu��i, Goaangy-wicfe ,4��ara�che� � � Employers Urere alsa �s!<ed whether they would supporf a regional, caunty-wide �,I I �pproach for v�►rioi�s housing matters. �rh� employers i espor,ding fio the question larc�ely i� su�ported � regi�nal, county-vri�e approach for most F�ou�ing m�tters with th� exception of fees/t�xes for ho�sing, Gs iilusrrafied in fhe following graNh. �� !_ � '� i� ;, i�� Rees Consulting, inc. Page100 Eagle County Housing Needs Assessment Eo�g�loy�r S��por� for Ftegic�r�al, Co�a:�iy-wide A�praac�h Deed restrictions Incentives for housing Fees/taxes for housing Development requirements Administer housing authority 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 1999 Rees Consuiting, Inc. Page 101 i � I I � f l I � � I � , Eagle County Housing Needs Assessment �li �+��'�'��� � �� ����G� In this sectian of the repart, mor�e detailed information is provided far the design of housing projecfis and {�rograms. It covers: m Unit type options; � Bedroams; � Amenities; d Neighborhoods; e Ldcation; and, W Value of design options. Unit Typ� �� Individuals were asked to �ndicate their first preference for type of residence given vuhat they can afford and are willing to pay. li� previous studies coverinc� mountain resor� communities, the housing type preference question did not specify cost param�ters and over 90% of the resporrdents selected the single-family home choice. in order to ta{<e into consideratian cost limit�tions in this study, the aptions provideci in the 1999 r�ausehold survey included price�. These prices were in��ended to r; flect the relative difference in the cost of fhe various types o� housinq. The options were as follo�vs: � Con�3ominium priced at $125,000; e Two-story townhome priced at $175,000; p Duplex priced at $22.5,a00; m_ Single=family hame priced at $250,000; ___ _ _ � A.�obile hame priced at �75,000, with !a� renfi of $200; or, � t�ianufiactured home including lot afi $175,000. lncluding prices greatly incre�sed the extent to �n�hich the responses �nrill be helpful when ciesigning housing projects. As shown by ihe falfowing chart, not only are housing types ofiher fhan single-family homes accepiable to r�otential home buyers, they are ihe most preferred by appraxim�tely 44%. Rees Consulting, Inc. Page 102 Eagle County Housing Needs Assessment T'y�e ai Uni� Llesired by Potential Home �uyers Manufadured Home Mobile Ho '� % r.,.,.�,,.,,.., �� ,.,, Single-family House 56% home �% Dupiex 8% fi�'��'7 Preferences vary by community: m Fewer than half of Vail's residents (40%) chose a single-family home priced at $250,000 as their first preference; tav��nhomes priced at $175,000 were selected by 22% followed by condominiums at $'125,000 (18%); � Very feUr residents indicated mobile homes were fheir first choice alfihough approximafiely 22% of the douvn-valley residents vvouid prefier to buy a manufaciLired home on a lot over the other options presented; and, � Dupiexes were selected by fewer residents than condominiurns or townhomes in all three areas. �y�� c�f Ur�i�� [�esired �y Poten�iai �-3aer�e �uyers, t�y �rea ;Co'ndominium:;:priced at $125,000 18.4 �, :� } r, t.� N*�..• a_.� az�:� "'�-i �i"v S�a a ��oiP c1�E7tt'te pI'I�e�:$97,'�;OOt?"� � ""�:�-s��22�;4� ,��'� � rc�sv i�'��.x�tS_n "•�•'If --,�, t......4.;s�...:47:,:'� �S'��.'...a, ay� a'K•`b ..r.��i�: �i-� '� �'t;;x��y.. ?� �...._::.:*.:::.�:;•_,_.. .. . .� . . . �Du�lex,pric.e.d :at��225,000 11,8 � � �}� j�� � � � x,�4,.-_'�'v'�� �� >a � .r� ,��n e-•f�rt -tw"`' i� �� f 250=40� Y �{ �f.:'�,���_ �. � � ..,��,: :_�� -•�.-",t��.��,�,'�.�,��' �:����r� s���..�'�' �'�t 40:.$� z-.� rs ��...�'� Niobile:l7.ome priced at $75,000, wi �2001ot rent � � � �� � iil�a�ufac°�t(,� etl� t�ri�e��nc t�dmg�(of agz,$17��40CM�>� ��`t� �- 6�6 :;.,i�`?''.:�a.—t��Sr�-cL.�.t_ s�+^ .Cwl�.�?� �:,*=""'� ��i�2'.�s"��aZ.,.�'�:��4v�? °i'a,;: Erxl� i'�'�;*� u?� _ 100 7:� : , 5:0 . .. . 8:9 .. ��:3 ��=�5$ � �`���.'����� �y�59:�3 :���� ��=��'..�� _�:y:.��-.�� 1:� .. 1:4 100� 1OQ � Rees Ccnsuiting, Inc. Page 103 1 ', i � Eagle County Housing Pdeeds Assessment 1999 ' Pd�mb�r �f �edroar►-�s ' For any specific project, the ic{eal bedroom mix wili depend upon muitiple factors including: � � The target group to be served; �� e The type of project; � � � Location; and, � � Price (rent or sale price). i Data from the househoid su�vey c�n be extrapolated in the future when sp�cific projects � � are planned to generate recommendaiions on bedr�om mix. Because extensive ! i information is availabie on the perFormance of apartment properties built in recent years regarding absarpiion and accupancy by r-iumber of bedrooms, it is suggested that tP�e i I survey data be used in combination with actual perfarmance to determine bedroom mix � for future rental projects. � i �,rr��niii�� � t ; 'I � ln=unit washers and dryers received the top r�nking among 11 optional amenities surv�y participants were asked to rate on a scale v�here 1= not imporfant and 5= very important. Eagle Counfy's climate influences what persons look for in housing. Two of the fhree fiop-ranked �menities are directly related fo ihe climate — energy �fficient heat and sunligr�t. It�-UNIT WASt-IER/URYER ENERGY EFFICIENTlGAS f-iEAT SUNUGN'r : ftfiULTIPLE E�ATHROOMS EXTRA STOf-tAGE SOUNDPROOFING GARAGE/COVERED PARKING IN-SITE L.E',UNDRI' FAGLII'IE5 TW7 GR 1v10RE PHOtVE LItdES WCIRKSHOP SPACE C�rFICE SPAGc FOR BUSINESS USE 0.0 Br»�ot�arrce of �4r�es�ifi�s 0.5 1.f� 1.5 2.0 2.5 3.0 3.5 9.0 �.5 Rees Co�sulting, Inc. Page 104 .._. t Eagle County Housing Needs Assessment 1999 Neighborhoods ti � 7he importance that Eag1e County's residents place on the outdoors is clear when � considering the features that residents seek in their neighborhoods. Private yards and decks/patios tied for the most important features. ANowing pets followed closely. ; Curbside recycling received a relatively high ranking at fourth overaii. On-site or nearby t day care received the lowest rating. This is often the case since most residents do not have children; among those with children, day care typically receives a very high rating � in terms of irr�portance. Impnrtance of Neighborhaod Features PRIVATE YARC DECK/PAT1C PETS ALLOWEC CURBSIDE RECYCLING GARDEN SPACE ADULT RECREATION FACILITIES �:IDS' RECREATION FACILITIES WOODBURNING ALLOWED SHARED COMMON AREAS WOODBURNING PROHIBITIED ON-SITE OR NEARBY DAY CARE 0.0 Location Con�i�lera�ions` 0.5 1.0 i.5 2.0 2.5 3.0 3.5 4.0 4.5 I� Two broad issues relafed ta location were examined. The first involved site-specific issues, such as proximity to services and facilities. The second set of criteria pertained I to the desirability of living near various types of neighi�ors. � Site /ssues �. The first set of consideratians related to housing sites considered a variety of 14 factors. Uf these, uiews v,rere considered to be the most important. Beinc� near the heart af town � or the ski slopes received rnuch lower ratings than being near quiet areas and open ' space. Proximity fio a recycling center received a rating of 2.6 whereas having curbside � recycling in neighborhoods received a ratiny of 3.4. � Rees Consulting, Inc. Page 905 I _ Eagie County Housing Needs Assessment Importance of Si�te Lo�ation Considerations �� r,� cc�.a�r,� a�n� sarn� a��ro a� �ac� a.lr�� �oFOa,mn_ran ca�w�rrY cF s�-aaA r�z-n�v�,c� r�z c�a-rr src�:rsr�r� t��rRa� t�AR� R.�JC"fFiAtJ�JRTA7iCtJ t�f�ft9a-�tS I�P�2 RE:G`tCiJt�G CE�VTff2 f�P12Ti�Sf4 SL� i�.�lU� FEPRT OF 7iA/VJ 0.0 0.5 1999 1.0 . 1.5 20 25 3.0 3.5 4.0 i�e�ghbor l�sues 7he second sefi of issues tested under specific site considerations involved opinions about neighbors. Residents felt it �as more impartant to be away firom nightly rentals than from either seasonal workers or vacation homes. H�ving neighbors similar in incomes and lifestyles received a rating of nearly 3.5. Impa�fianc� t�f N�igi�bors AREA AWAY FROM OVERNIGHTlWEEKLY RENTALS AREA AWAY FROM YOUNG SEASONAL WORKERS NEIGHBORS SIMILIAR IN TERMS IN INCOME, LIFESTYLE AREA WHERE FEW VACATION HOMES ARE LOCATED 0.0 0.5 1.0 'I.5 2.0 2.5 3.0 3.5 4.0 Rees Consulting, Inc. Page 106 II _ . �i� Eagle County Housing Needs Assessment �ggg Value of Design Opiions Each hauseho(d was asked to indicate how much more they would be willing to pay per month in renUmortgage far five design options. A garage receiv�d the highest value ($59.63 per month) followed by an additional bedroom with a monthly value of $54.56. The overaN rating of $24.73 for an additional bathroom makes it difficult to justify the expense of providing more than the minimum number of bathrooms since the cost of construction usually requires that the monthly payment be increased by at least $50.00. Dollar Value af Design Options �--i P`"�e"'s�^ny.t��+e tr c: 5"'�F .+� r+ —+-s:xns�^.r•.1'' �n. emrx^cxrs.�*'*—+- w r s'--.�.-o�e—a' n, �,� 4��. ,'„3 mx S�"3� �4�'�"�� 3at�x� yl����"/2,;.�� �c�i�gQz.ra:�,. �. �iriimum�:i4�ax�murr?� �Ae �l�i - �dLTAG.�{ �S � W 41.�..... ; eLasf:�'�s� l:�Fi=iG%' ik F 4iC NY �•ar�:S"-r�_.:�ii� .C.��i'�'.,3 ADDITIONAL BATHROOM $833.00 $0.00 $833.00 $24.73 �F2AGC��u��'.�•�:����-�'� �' � '�,,�, r�}��'�'`� ��2,OQ0�00 ��.���� Q�: �'� �'C1Q'D O�i �[�$5�rC3, ey.v� -a-„� n.3d<� %:�v�S..�r� .a'��xc..a��s-�,s�..,.. 44"��.�.�LiS,:.:�?:�.� r* ta in..F'w' ��'5:.:.{ `�I#Er�.:E.:a �.allv�.tis:L..: ADDITIONAL BEDROOM $700.00 $0.00 � $700.00 $54.v6 �i � r k �'w�'� y`` � i ,�"� "`E"r' �^^.,t5,�- �aC�."'�,t ''"� ,-p" c F,-ur r� �a �n��p�QCK�R� ,r'`��� ��� � �r���aa�ao �.��a o� ���$�oo:oo � x$sfi��'� .�'�t�:-`�'',:�����...�,uiiir.`l:'S�'e� - � s.r� � � ..x�.,+.i`�:a;..�.t.�taa.;.r�,.taJ�.! L^oS. � k+E�rs�'.cr�.t.C,�v i:u Ga::r,.va?._��.,L,.�� �ADDITIONAL 1QO SQ.FT IN UNIT $700.00 $0.00 $700.00 $37.01 !t shouid be noted that the dollar values assigned do not necessarily correlate to the relative importance ratings. For example, extra storage was given a rating of 4.1, slightly higher than garages/covered parking at 3.9. Garages were given a much higher value than storage lockers, however ($59.63 as compared to $9.74}. �� I �, Rees Consulting, Inc. Page 107 ( I Eagle County Housing Needs Assessment ;I1; r.' �e: i " • i�: ;�: .x ... Key findings from fhe 1990 Housing Needs Assessment employee survey and the 1999 ` household survey have been compared to examine changes in housing conditions in ���� '� Eagle County. Since the surveys were distributed through two different methods (the 1990 survey was distributed through place of employrnent), these comparisons should �''; nat be considered precise but rather viewed as general indications of trends. Income Lev�ls The median household income has increased approximately 62% since 1990. The average (mean) income has increased over 97%. The large difference between the average and median incames in 1999 is due to the inclusion of several households with very large incomes. Therefore, the increase of 62% in the median is more reflective of the change in income that the general population iias experienced. Encome LeNels Com�►ared ;G $i�r�t.�v� ��"'.��v �'li�.,.":r� �' �: ��..��r.�3�•��}��rC'r�'in Y t:'?;r<�a. 7 ts i'3�� tr�e�`:-: Household Income Mean . fVledian Fiousing Costs i'x� o�iu ' r''�'�i ¢.17"� '`"�� j E�`i r_�` s 9�^r"` fy�"r7 k, fr sa�4+ C�'r' y;� i? ��'r� �. ,t 0' 000 7;a �-����� 6��Ot70 ��,� y�� �� ,� o .,�.„-; ��i c:a...k��..�,fa.v.,�„W�}� a.c..�,�..,.�..wwi.c.naat+.x: �....,.t L.w�a,..� V� J�s.�� �.��..2i $43,570 $85,889 97.1 % i�jY �C`��� `�� ��z°� ����r'� g ��t ��;��� �?rr.e �� ��� i��,'r'i�t�t��+' �s � .o- 9;n � �:�xx,'�u 3..�.. ;i'.,_ �.. �� �,x�' �� �ss,�� $�0,000 $40,000 100% � � 31' t�M`7L'-�ca""4�es �t�.y � �„(C'fi'�.gy"�"c'+°�l'q7y+7a'+"i..,�'�'r,� �, ^� 't�si'{'" � �`�` �23.�:7v�.����f � �',,�a;5z3�24��� � �����33%°� � 3"� sr..�a.��L�.2 e��' �'.cr3sw:<.:e.z?. Lz'i:.�,x.v�.r.,;.r,cn��`� Nousing costs overall have increased more than income. The average mortgage '� payment has�ir�creased nearly-87%-since-199Q: Rent-increases appear to be matching ;, � increases in income at approximately 62%. i �� Housing Costs Compareci Avg:Mo�tgage Payment '�'�''�"' > • r�;�'� =� a��,�: �i.99.Q�4���8999<���� y�tnat�g. $697 $1,303 $6.9% d?'i:e .,r- a' �y;:^ r.�,np.� r,.G'�'�'S'� � .:t�'� ��: 640'�:� �„�'�.�5'..;� ��i6t��:?`;,°,lo' o�:.:W���.,F�� � �..�- � �;.�,�;� .,:� � Rees Consulting, lnc. Page 108 Eagie County Housing Needs P,ssessment 1999 ��� The populatian in Eagle County is significantly older than it was in 1990. The average age in 1990 was 33.8. By 1999, the average age had increased to 42.4. Children There are more children living in Eagle County now fhan was fhe case in 1990. In 1990, ihere was an average of .56 children per household. The average has since increased to .7. Satisfaction wiih Housing Overall, housing satisfaction levels appear to have increased since 1990. This finding is somewhat skewed, however, by the over-representation of owners. Sati���ction Lev�ls Compared Very Dissatisfiec Not Satisfied Satisfied Very Satisfied 0% 10% 20% 30% 40% 50% 60% By comparing the satisfaction levels of renters, it appears that satisfiaction with housing has actually declined. ln 1990, 32% of renters were dissatisfied. By 1999, the percentage has increased to 47%. Rees Consuiting, Inc. Page 109 �, l ,, i`, I 1 l' � � 1 ' '� 11 � ' { . ' ' � .� , I i. I Eagle County Housing Needs Assessment �ggg Satisfaction Amang Ftenters �.-�. i � �.,;.�,,,�.� : . x �,,,��� ,�� �' `.� r-�.,��- � { �� £ a�.�: � �s. � ��; • , � ;�.������ �; 996 � �� �� �� 9,.� �, ��:�.. ...�.� ,� x w:::.;�.�,.. ,.�-�„ �.�� - Very satisfied 16% 14% �, _r.---:� � .�. .,, . �Satisfietl��3��-;� N=+Y.+~Y�'�'�2% � ,����,390�:; rc,...�..w:rtK...�:yaF ' P `S t"!, _.,z','..`,`� �:u.c+.a�'i �.i�= -'� ��.x�.�x�'�v?u{�±=,�7.r 2 Not satisfied 26% 40% Housing Aifordabiliiy The percentage of households who are cost burdened by their rent/mortgage payment has increased from 15.5% in 1990 to 19.6% 1999. Percentage of Income Spent on Housing 0% - 10% 21 % - 25% �p :.'y i p; m�'"".? uZ n y�'$i ta.�-�� �t�-�O'��:r.-.��.r�u£:;:��.x.�f 31 % - 35% C' o'!�"r o'� r'��' s� f -? 3�;61oi-, 40 /Q � � ',4�: �.�...�-,. �fv'.� 41%-45% 5�%-55% '�' o '"�y;'�`.'=�a'•;�.°� �';� �6.%ox� 6�0 /fl�; .�„y`' �:::� . �?-u:.-��:.xk:t?%<�'.rT..,=.;..;�u�.�� 61 % o% more ��,��; ,,�����.���,��; %.COSt BU1'd@tlBd 17.6 8.4 11.9 16.4 4.5 7.9 3 Y.,. y s.. t r5"""?'�^� yn�, ,w � t 3� ��.� � tv 4r9� .t...s,�4_.,_�c_r_rw � F....�.s,i.l.......�`�..,..�5�;... 1.5 1:6 i` r''4 tiI �.�� F'"'... f.""-J "'�`r�� ,rr� f� s b' r' C.�� '� "^ ;.+�M } . {';S'2 s � t . r �.t_ � .� .�,.- - wtt.a�..cw -r..LL�_.L•':_,4z„ -„ .8 1.0 2.5 2.1 -��-�-(-�r(-}, ���. ���.�� n� ..��'e� ��'- ,:'i".`;a „a.; ...�Vl!� 15:5 19.6 As shown by the followin� graph, the perceniage o� renters who are cost burdened has increased substantially. � ! Rees Consulting, Inc. Page 'i 10 County N�using Needs Assessment 45 % 40 R 35 e n t 30 e r 25 N ° 20 u s Q 15 h � 10 d s 5 0 Percentage of lncame Spent on Housing — Renter Househoicls 0% - 11% - 21% - 26% - 31% - 36% - 41% - 46°/n- 51% o� 10% 20% 25% 30% 35% . 40% 45% 50% more % Income Spent on Rent i �. 1999 Rees Consuiting, inc. Page 111 Eagie County Housing Needs Assessment ., ` ` �, : •� . ��; . '; � r� ,; ;� • , �,. . , , . _. . , . ,,� �. : �: � ... Population � Since 1990, the county's population has been growing at rates of around 5% to 6.5% per , year. Much of the growth has been occurring in unincorporated areas and, in recent years, in down-valley communities while the populaiion level has flattened in the Vail area. Eagle County's growth rate has been double that of the state as a whole but similar ta neighboring Summii County. About 14% of fihe county's households consist of one person living alone and 40% consist of two persons. Children live in less than 37% of the households. I The median hou�ehold income in the study area is $65,000. It varies by community � � from a low of $55,000 in the Minturn/Red Cliff area to a high of $80,000 in the Edwards/Homestead/Singletree area. Employment Job growth has been occurring af rates of between 7% and 8%. It is estimated that there are 38,140 full- and part-time jobs in Eagle Counfiy as a whole which are held by 31,784 employees. The average annual increase in jobs of 7.6% was almost two percentage points higher than the population growth rate of 5.7%, indicating that the number of locally avaifable employees needed to fill jobs may not have kept pace with the growth in employment. Approximately 42% of the employers surveyed plan to increase the number of persons ,; they employ during the next year. Based on these results, it is estimated that 300 persons will be hired in the following year. This estimate is low compared to the number ;( af jobs created annually in recent y�ars (about 2,500 to 3,000). __ _ _ __ _ _ _ _ __ _. _ 4pproximately 58% of the wage and salary jobs in Eagle County are in the retail trade and services sectors, with average 1997 wages of $'{ 9,492 and $24,921, respectively. !t is estimated that there were roughly 1,680 unfilled jobs when the survey was taken in March and 1,564 unfilled jobs last summer. These estirnates include both fulf-time and part-time positions. On average, about four persons per business were not hired or left because they lacked hausing. ' Rees Consulting, Inc. Page 112 ,i . �� . Eagle County Housing NeedsAssessment �ggg Employers feei that fheir ent -levei rofessionals have the �� rY p greatest d�fficulty finding housing and that employees' being unable to purchase homes is a bigger problem than � employees finding rental housing. Commuting There is a significant level of commuting within the county. Of the communities in Eagle County, Avon and Vail house the lowest percentage of their workers — about 30% and 35% respectively, yet each community houses persons who work elsewhere. Only 65% of Vail's residents who work are employed in Vail and 57% af Avon's residents work in Avon. The extent to which these patterns could be changed is questionable since, generaliy, residents live in the area of the county where they want to live. lt is estimated that 14% of the county's employees or over 4,000 persons commute into the county far work. About half live in Lake County and most of them rent. The majority works in Vail. At least one-fourth speak Spanish. Many have family members who also commute to Eagle County for work. It is roughly estimated that more than one-third would prefer fo live in Eagle County. The percentage is higher (60%) among Leadville residents. Housing Supply and Costs It is estimated that less than 60% of fhe 21,044 housing units in the county as of 1997 were primary homes. Approximately 10,650 of the units which are occupied as primary homes are located in the study area. It is estimated that 40°/o (4,260 units) are rentals and 60% (6,390 units) are owner occupied. Single-family homes comprise about 40% of the housing supply; the majority of units occupied by residents in all areas except down valley are attached types of housing. Less than half of the renters in the study area live in apartments; most reside in units designed and built for owner occupancy. The average amouni paid per month for rent or mortgage in Eagle County is $1,239 and the median amount is slightly lower at $1,104. Both the average and median amounts are higher mid valley and down valley than in the Vail area. Residents who live down valley tend to have larger homes — more bedrooms and bathrooms. While ihese homes are currently priced lower than homes in Vail novy cost, rnid-valley residents have larger monthly housing payments. The reason appears to be related to lengih of residency. In general, Vail residents have lived in the area longer than mid- or down-va(ley residents. They purchased their hornes when prices were lower. Housing prices are expensive in Eagle County. In 1998, the average price for a ` condominium or townhome was near(y $500,000. In Vail, the average price of single- � �'. Rees Consulting, Inc. Page 113 � � Housing Needs Assessment 1999 family homes exceeded $1 million. The average rent payment in Eagle County exceeds . $1,000 per month. Average rents are siightly higher in the mid-vailey area than in Vaii. Down-vailey rents are significantly lower yet stili average nearly $800 per month. Wousing Afiord�bitity Approximately 2,350 households (22% of the total) spend more than 30% of the combined incomes of household membe�s on rent or mortgage payments and are, therefore, cosf burdened. Renters are rno�e frequently cost burdened than owners; 30% of renters (1,278 renter househoids) compared to 17% of homeowners (1,074 owner households) spend more than 30% of their income on housing. �It is estimated that 280 renter households (6.6% of the 4,260 renter households in the study area) spend more than 51 % of their income on housing. Availability i Of the 423 single-family homes and duplexes that were for sale through the multiple listing service in May, only 37 (8.8%) were listed for prices below $300,000, and all but 14 were in the Wolcott to�Gypsum area. Over 40% of the 477 condominium/townhome , units were priced at $500,000 or above; only two units were listed for sale under $100, 000. Even 4hough multiple apartment properties have been built since 1990, apartment availability remains very limited in Eagle County. The Colorado Division of Housing reports that Eagle County continues to have the lowest vacancy rates statewide. For the first quarter of 9999, the State reported only one unit was vacant of the 808 they surveyed, which equates to a vacancy rate of .1 %. R�nier Problems Many renters in Eagle County face being displaced. It is estimated that roughly 850 renter households have moved in the past three years because their unit was sold. At present, about 8% ofi the renters in Eagle County (340 households) live in units that are listed for sale. Approximately 25% of all renters live in units on a month-to-month basis without the protection of long-term leases. ' Rees Consulting, inc. Page 114 Eagfe County Housing Needs Assessment 1999 Overcrowding !t appears that at least 350 housing units are overcrowded based on a comparison of rooms designed as bedrooms to rooms used as bedrooms. This methodology does not take into account overcrowding when unrelated aduits are forced to share bedrooms. Sa�isfaction Approximately 2,000 renter househoids and 575 owner households are not satisfied with their housing. The small size of units and their high cost were the main reasons for dissatisfaction. Suggestions • Conduct an inventory of housing units, monitor changes in use of housing units (ie. renta! units being sold to second homeowners), and develop programs to preserve the existing housing supply. • Develop more rental housing. The demand for units to house new employees and employees who now commute but want to live in Eagle County is sufficiently strong to support the additional development of apartments. Until the vacancy rate reaches a level more in line with other communities, efforts to develop apartments should not be curtailed. � • Develop for-sale housing. The dernand for homeownership appears to be very strong. It is estimated that as many as 1,790 renters are interested in and could potentially afford to purchase a home if provided at prices substantially below market. Many residents (roughly 2,800 households) who already own a home are interested in buying different homes. Most want to move up into larger homes. Doing so would free up housing for entry-level home buyers if sellers were required to deed restrict their homes in order to be eligible to purchase larger homes. o Develop uniform deed restrictions throughout the county. While the majority of residents consider return on investment as an important consideration and would not accept deed restrictions, 18% stated that a resale price limitation would not impact their decision at all or very little. Potential homebuyers stated that a home with a 3% cap on annual appreciation would need ta be priced 23% below market for them to buy it. a Concentrate for-sale development efforts an attached housing and manufactured housing. Given high construction costs, limited land availability and the willingness �; � Rees Consulting, Inc. Page 115 ' Eagle County Housing Needs Assessment , of residents to accept living in condominiums, townhomes and manufactured housing, efforts to provide site-built single-family homes should only be pursued if done to help subsidize the costs of entry-level attached housing. ... o Address the special needs of the growing Spanish-speaking population. It is estimated that 2,420 employees do not speak English as their first language. This trend could be, in part, the result of housing conditions. If it continues, there will be further impacts on housing needs. Special needs include rental units designed for large families, lease documents in Spanish and bilingual leasing personnel. m Develop county-wide commercial linkage and inclusionary zoning programs. Requiring employers to provide housing for employees is supported by nearly 70% of the county's residents. Well over half support requiring that a percentage of all new homes be designated for employee housing. I o Wqrk with empfoyers, particularly the larger ones, and private developers to provide housing. Residents support a strong role by local governmerits although they do not favor increased taxes. m Develop affordable housing throughout the county except for seasonal workers, whose housing should be concentrated in Vail. I'���I ', ; Rees Consulting, Inc. Page 116 �.. . , - r. :: Coenmen�� ReceivecB - Householci Sur�ey , i ,� :i _ _ �!. � I �. Appendix Why Are You Dissatisfied with Your Residence (other) Bad design, bad quality Bad landlord Buiit our compiex too tight Co-workers Dirty neighbors Eagle Viilas Electricity too expensive Feels like col{ege dorm life at 40 Frankly, too many violent, drunk, stoned non-Americans Hard to have a child care home in Avon (laws) � I thought that if I paid $170K for a house, I'd be insulated from trailer trash. I was wrong. Live with parents Long to live in more natural setting Mobile home park Neighbors all slabs New modular - poor quality No garage No garage/storage No kitchen No storage, no yard, no washer/dryer No yard Noise from neighbors, drive-by music too loud Noisy Noisy neighbors Noisy neighbors Noisy newborn On busy road, short on storage, bedrooms small Our downtown Gypsum area is rundown Renter neighbors - 6 of them Renting ground Rude second homeowners They not repair something en broke (sic) To mine rich people (sic) Too much highway noise Townhome, can't afford single family Traffic Young renters and interstate noise next door Why Do You Wish to Purchase a Diiferent Home Than You Now Own (other} Access to backcountry, have a yard, equestrian zoned Acreage Away from all the growth and development Away from immigrants Cleaner neighbors, more land Closer to work Divorcing Downsize � ; Downsize � Duplex, rental income Garage Garage Get away from condominium noise Get away from neighbor's barking dogs Higher quality construction 1 can own a larger, less expensive home in Garfield County, and work in Aspen Investment Investment Leave area Less crowded area Lower monthiy payment More better views, more land More land More privacy More rural, ranch on acreage More yard area � New environment, tired of same old thing New experience Newer home ' No condo association Not Eagle County One floor Own newer home Privacy, garage Quality of home Quiet less dense area Ranch Reinvest Remodel and sell Rent income Rental income Rental investment Rentai property Rural acreage Rural area Safer area Second garage space Second property SFR @ $400K Single family Single family Single family Single family with yard Smailer, energy efficient To build design of my choice To get a warmer home and better buiit To get single-family . - To have a yard and garage To have land for horses ' To leave for warmer climate To live in the mountains with kind and friendly community � To own a different type/style of home (not mobile) To own our own home and not a duplex To own property To rent out ' Too much development in this area Two car garage Want to leave Eagle County ; �� We're adopting Renters: Why You Have Not Purchased Yef (other) Artificially inflated prices As a foreigner, 1 believe it is difficult although I own property in Australia Hard to save $30,000 down raising 2 kids on my own Haven`t won the lottery yet Job requires frequent moves Just opening a business, iYs priority Lack af knowledge about process Lack of reasonable high rise vvith services Out of luck on housing lottery Plans to return to school, investment not worth it Prices too damn high Qualify for a loan, but not enough to buy a house (don't want to live in trailer park!) Ridiculously expensive Type and price of house not available We tried to buy, but egotistica! real estate agent basically laughed at us. If 1'm not a millionaire, they don't want to talk to me !i '. _ '; I '1 � _ l l. ,Appendix � Suevey Instrue�eerfs �, L: y / . t• ; �• . }- ', � 1 t. -.i HOUSII�TG STUDY 1999 Ta better understand housing needs in Eagle Caunty, the local governments of the valley are sponsoring the following survey of area residents. The information from the survey will help locai communities plan appropriate solutions to housing problems identified by the survey. Please take a few minutes to complete this survey and return it in the postage•paid envelope within 10 days. This page of the survey (front and back) contains questions applicable to the eniire household. The remaining pages are individual surveys to be distributed to up to three aduit members of the househoid. Keep in mind that the survey is completety confidential, and please remember to return all completed pages. Do you live in or nearest to: 16 5 'I 1 14 23 19 19 1 Vail n=793 Minturn/Red Cliff Eagle-Vail Avon Beaver Creek/Arrowhead Edwards/Homestead/Singletree Eagie Gypsum Rural areas PLEASE DESCR/BE YOUR HDUSEHOLD AND RESIDENCE: Is fhis residence: n=774 75 Owned by resident(s) 1 Owned by parent(s) 17 Rented from a landlord 3 Rented from or provided by an employer 3 Both owned by a member of your household and rented to others -- Free--caretaking -- Other: � What type of residence is this? n=766 '` 8 Apartment -- Room without kitchen ``' 17 Condominium 40 Single-family house 92.5 Townhouse -- Accessorylcaretaker unit I�' 16 Duplex 9 Other: � � : ! 5 Mobile home Hotiv many rooms are: a. Designed as bedrooms mean=2.9, n=747 b. Used as bedrooms mean=2.6, n=682 How many bathrooms are in fhe residence? mean=2.3, n=746 ,,... •.-:.... , '- :: r;�'.:. :':. �::::;,:: ':":PLEASE DO NOT WRITE,IN 7'NIS'AR I I . ��,r:�.. Q���Q��:�O����O.�� � . -_ Whaf is the total monthJy RENT and/or MORTGAGE PAYMENT? mean=$1239 - OR - Not applicable/don't pay renU n=661 mortgage paid off What is the average MONTHLY cost of condo/homeowner fees? (DO NOT INCLUDE UTILiTIES) mean=$123 - OR - Not applicable/don't pay n=366 Whaf is the average MONTHLY cosi of utilities, inciuding heat, . water, sewer, elecfricify and trash removal, but NOT including telephone orcable TV? mean=$173 - OR - inclutled in reni n=714 How much do you think you can afford fo pay for housing per month? (yourshare if single, tofal rent/mortgage if familyj mean=$1297, n=623 What is ihe total gross annual income of all househoid members combined? mean=$85,889, n=728 Including yourself, children, and others, , how manypersons live in this househoid? mean=2.7, n=768 ___ _._ __ _ Of these persons, how many are under the age of 98? (MARK "0"IFNONE) mean=0.7, n=758 Which best describes this household? 35 Couple with child(ren) 14 Atluit living alone 8.5 Unrelated roommates � Single parent with child(ren) 4 Family members and 32 Couple unrelated roommates 2 Other How many mofor vehicles are owned by members ofyourhousehold? (MARK"0"IFNONE) mean=2.2, n=758 � . - �:o�00000 :sER�Ai:�# • .[._. � .... . . ' ...y,r�I. ... '..+...' . f ... . . !. 63 62 61 60 59 58 s� 56 ss 54 53 sa si so 44 48 47 46 45 44 43 42 41 40 39 38 37 36 35 34 33 32 31 0 29 2s 27 26 � 2J 24 23 22 21 20 19 is i� 16 15 14 13 12 ll � � 0 � � � � 0 I?I Please rafe fhe importance of the following items with regards to choosing a place.fo live. Use a scale from 9 to 5 where 1 means "Nat lmportant" a�d 5 means "Very Important." Not Very Energy e�ciency/gas.heat mean=4.4 n=763 : �,in-unit.washeddrye� ���: �=� .`::;r:;;.' ;"; . 4.5:,,., ' 760 :. .- •: On-site laundry facilities 3.4 685 . Garage%overed.parking" : . .:.:: ..:.. .::: .. �_ :: 3.9 ' 760 . Sunlight 4.3 762 Extra storage::.:. , � . . �, . 4.1: 753 . ' . : Office space for business use 2.6 749 �. Worlcshop space .. . �:.; 2.8 : 750 Muitiple bathrooms 4.1 760 � Two or more phone lines ;; ' 2.9 : 760 Soundproofinq 4.0 751 DecWpatio mean=4.0 n=761 Private yard: . . ,. 4 0 . . . . 765 Shared common areas 2.3 746 On-site.or nearby day care _ 1 9.,: ' 754 ' , Woodburning allowed 2.4 754 1Noodbuming prohibited . 2 2 742 :,. Kids' recreation facilities 2.? 745 � Adult recreation facilities , , 3 2;'. �; 754.: : Garden space 3.3 753 :; Pets allowed ` ;: . , . � " . .:: 3 8 'r ' 763 .:., ,. Curbside recvclin4 3.4 756 Near to skislopes .: , _ . � :mean 2 6 � n=753 ;;;" ,:., . Near to work 3.63 764 .Close.to,open space`.. _ . 3 8 : ;_ ' 761 _. Near schoois 2.6 759 , , . �Quality.of schoois , . . : 3 6 ;:..., . ' 754 ;. . ,� • . Near grocery store/shopping 3.5 760 '. Near,quiet area offering solitude _ _.:. 4 0 765 :: ; Near heart of town 2.4 767 ....... ...... _ ;�.. ,�:w,: �v.. .i,.. .. .,:;'�....;�'� *.sy>;__ ,;•,J._i : i„L�,; 'Nearfrails" ... ., . .�.r. .. ,�,�: . � 33 ....... �,.._ 763..;�_ ..�'.. .- .. .. _. .. . ., . . Near to pubiic transportation 2.8 763 ;.. � Vietivs <% . .. . -;. : :.:... _4 0 Z68'� :� z �'`'. _... . �. . ..,_ ... ...:..... . ... . ''..�,. . . ..�. Climate 3.8 ~ 766 Sense of community,'. , . �, ., 3 8 :,,,,,, . 763: . , . �r; Neighbors similar to you in terms of income, 3.5 760 � lifestyle, etc. _ .., ,�. Area where few:Vacation';homes�are located;,,,, :'3:1`. __ � -. -�762::;;': _�;� Area away from.young seasonal workers ` 3.5 _ `757 ' Area ;away from ovemight�weekly, rentals � �:��3.8�:: , _ , � :760 � ; - , ,z ... . . . . . ..:�...... :... .., . :.: , . _ . .. :... Near recyciing center 2.6 758 I, How much more would you be willing to pay permonth in rent or mortgage for the following options? (Indicafe zer� %� you would not pay exfra for the item.) mean=$26, n=503 additional bathroom mean=$59, n=518 garage mean=$57, n=499 additional bedroom � mean=$11, n=500 storage locker (5x3 feet) V mean=$39, n=510 additional 100 square feet in unit d.`� Go°��� � Where should housing for the following populafion groups be built? ���a �a� ��,a ay � ro� ��°�` (MARKALL TNATAPPLY) t7= Ja�.. .��`J`.. �a��_ Q',�� �va�� �,a°\'e �QS� �oJ°� �o`\� �� c .. .. r � �. . ;..;t{-: :": ��;.:":`',,::;_�... , . :..::rp :.::......... - ' Seasonal sk� area em lo ees �-� r_ T :ri - :�; : 749 ��52: -:18, :�323� }39: :�;;�:19., `�� :�8 �,�i�x �=ti48�� 2 ,.: ... P Y � •��•� � �� � . , . .. . . • r ... . . . . . .�... ....: _.�. . . . :.. .._. .. . :-. ;._ .;:. : �.. . .... ... .... ... .... . ..., ., . ... ... . . _ . .. . . � .. _... . ; ..:;::. ,:: . , . . ,. . . ..., _ .. . ,.r Families with children .� �, 738 1'1 12 20 �� � 16 �26 � 27 .^�: 22:: ��76�.• 2 . : . ..., ._ ...: ..:. .. . . .�..j;. .. :;�_;,-.�..,V; �:,.,.,- ;-, -;..:. . : .. . . . , ..:. • . :.: �- . . � Essential employees (medical, emergency,�utili(y; transportation',and schoois) �,:735 , r� 16 7 , 10 «_;�15 , �, :12 �=;::�11 `�� °:;�`T:f:� �81 ,, . . ,; 3. . . Immigrant workers 722 9 9 6 8 $ 7 10 66 17 � Constniction workers ;: ` : �"' '� " 8 t 9 %�'��8 , 722 , : .. . � . _ ... 5.:, .� �5 j ..,. 8 . 8 ... , �, ,., � •,�.. 4 r �s�; t . , . ......_ . . ..., ,.�;-,..,..�>..,., ..,. ,.� . • _., ,... ..._ _ � � . . _..,. , i x Entry-levei and mid-management singles and couples 730 9� 6 'I 1 11 11 10 7 84 2 . . - - .,,�,;.,,�,. .i5r. ��+ :'h+-`e - .,�:; . .�.<<:.:'.-nr :..5;;,:'�: . 't.:C. r�.. m� -'st'. . .. .�. :. . .: ;;;�� . .. . . .. .._, :.,.•.:�.,r,�. ;:; ^��_, �;;._ . . . .,.,,:, � . .::i;: .. .'p_ ...JU.. - l ':y`: �.. s.s, :g.. 3 :"s.'': ; y.: Seniors. . . : . -,. - �, � .-..: _ ;z.t�. 272� � `•< ..,c ` � i,c.Y%%t' : _=' . � _ .2 , •• '. . . .,:.. , . .• � i'.� ��� , � . � �.<<..z _ ..u_..,.. .. � .o. . _ .. v �;: ,..J. �il: .,�o •. w• ' ''�� _ . �:. .. _.�.:::..._...�.•.. ..... . . � .. ... .::. : . ::�...':1,: . .. . -c+n:U%... o .....�' !V J.�.....:. ?. ......i �� . .»,.. . ' . '`_':: . .... �. . . ._3 . Low wage retaii/service workers 726 12 8 6 1 U 9 6 8 0 {I � 1 , i. ..� i! How Inng have you resided and/or been employed in the area? 3 Less than 6 months 17 More than 3, up to 6 years 3 Six months to 1 year �17 More than 6, up to 10 years �'1 More than one, up to 3 years 48 More than 10 years n=1040 Do you live in ihe area: 97 Year-round 3 Ski season oniy n=1004 Are you currently employed? n=944 23 Yes, self-employed in own business 67 Yes, work for an empioyer �:5 . No IF N0, SKIP TO RESIDENCE SA7IS�ACTION tocation of Your Work n=822 �-1 :� Pt1m8111y ifl y0U! hOme OffiCe SXIP TO RES/DENCE SA7ISFACTION 83� At employer's piace of business � Primarily in a vacation home (housekeeping, cook, etc.) 5 Primarily seNicing second homes (security, maintenance, etc. How many days per week do you fypically use the following modes of fransporfation to get fo work? '.Drive alone., ;mean=4 9 ` : : n=774.:' ; . . _ . ::..... ..: Carpool 1.0 375 Bus . .. : .. 0 9 354 Hitchhike .002 . 303 :: - :. Walk/Bike . ` . „ 0 9 ;. 364 .. ..: If a shuttle connecfed your neighborhood fo the bus, would you use ihe bus more often? 28 Yes T2 No n=782 '—Which best describes your satisfaction with your currenf residence? 49 Very safisfied 13 Not satisfied n=967 35.5 Satisfied 2.5 Very dissatisfied Ifnot satisfied orvery dissafisfied, why? (MARKALL THATAPPL� 27 Overcrowdedlno privacy 18 Unit in poor condition 44 Too expensive 44 Too smali 9 Too far to work 39 Can't buy, forced to rent 9 Not in desired town 5 Too far from services (grocery, 18 Pets not ailowed schooi, bus stop, etc.) 12 �iving with roommates 5 Near vacation rentals n=245 20 Other: _ _ _ _ _ Please rank in order the following facfors so we can befter understand ihe trade-offs you make when choosing a piace to live. Mark "1 " for the most imporfant factor, "2" for the second mosf imporfant factor, and so on. n=886 percentage ranked first .. . . . ,. Price of tiome ,. { 48 i ..;�_., .r.� . :. . �> t . . . .....:, ..._ Y.:.;,� . . .. �: Community you want 37 � � to live in � , . .: Unif fYPe., ' ` .15 t F ; r _ ..., _ _ . . ... . _ . ,. . .. �„_.: . ,... .�. .. Unit size 15 �;�-�� �:,:; - >�, .,.,.: Amenities { .� g ,�� r ,� � 7r ;';t:;}:� Y. �.. _W. .�.�.. , ._ . . ,� _ . s:. :_..,.. ;°� =� >.. ... Desire fo own 44 Please ignore current housing costs and availability. Rank the top three locations where you wou/d mosf prefer to live. Mark your firsf preference with a 1, 2nd Pr�ference with a 2, and 3rd Preference with a 3. (Leave remainder biank if if's not one of your top three preferences.) n=114i Preference 22 Vail. - - 4 MinturnlRed Cliff 9 Eagle-Vai(. . 7 Avon 8 Beaver CreekiArrowhead ° 20 Edwards/Homestead/Singietree 12 Eagle 3 Gypsum 15 Rurai areas If you currently own your home, are you interested in purchasing a different home? 44 Yes �(IF YES) What are the reasons? 56 No 59 To own a larger home n=808 14 To own a less expensiye home 40 To live in a different location 21 .Other. n=346 1F YOU ANSWERED YES--SK/P TO 'ALL POTENTIAL HOME BUYERS" SECTION lF YOU ANSWERED NO--SK/P TO 'AREA HOUSING lSSUES" SECTION Is whe� you live currenfly for sale? n=264 8 Yes 92 No How long is your /ease? n=221 26 No lease - month to month 1 3 months 4.5 6 months 60 12 months 8 Othar: Have you had fo move wifhin the past three years because the place you rented was sold? n=234 19:�.Yes. (how many times?). :mean=1:6, n'=47 ,;� 81 No � . . .. . .. : . Do you want fo buy a home in fhis area wifhin the next fhree years? 57 Yes n=238 22;;;No ,; ,,. : ;:IF.ldO=SKIP T0 'AREA;HOUS1111G_ISSUEB";'; 21 Unce�tain . . � _. _ _.. . 63 62 61 60 59 ss s� 56 55 54 53 s2 si so 49 4% 47 46 45 44 43 42 41 40 39 38 37 36 35 34 33 32 31 30 � 29 2a 27 26 25 24 23 22 21 20 19 1s 17 16 15 14 l3 l2 , 1i io � � � � a � n ,.:.,,,�.:. _ . .�: • . :' .:`•=.PLEASEOqNOZWRiTE'INTNISAREA . .� r; ....;;.°'• r . ...,.,. �. . .. •:... ,.. :,. �... � ...: ��; .� .� � � _, . . . • . : . . . . •. ... . . : . . .... . �0000a0000�oo'o.0000������,.� . � :SERIAL#:. _ - . .. �,..._,.:.,..:.., ; . ...;�_,..., ... :. ....,...._ .. . _ := ,.. : .. .. � . . . .. .. ..< :.:: .:. .: i.F t .. . � :.I" � . . . CURRENT RENTERS C?NLY(continuedJ lf you have wanted to purchase a residence but haven'f done so, what reasons have prevented you from buying? (MARKALL THATAPPLI� 84 Total cost. n=207 62 Lack of down payment 38 Lack of housing type choice (e.g., no singie-family homes) 32 Can't qualify for a loan 24 Housing not available where I want to live 16 Cheaper to rent 1 Z Other. __ Would you move to or live in a community other than your frrst preference if this allowed you to buy a residence? n=206 59 Yes 15 No 26 Uncertain What wou/d be your first preference for type of residence given whaf you can affor� and are wiUing to pay? n=501 8 Condominium priced at $125,000 13 Two-story townhome priced at $175,000 8 Duplex priced at $225,000 56 Single-family house priced at $250,000 1 Mobile home priced at $75,000 wifh lot rent of $200/month 14 Manufactured home including lot priced at $175,000 How much do you have available for a down payment? (Inciude the portion of home equity you could spend on a down payment if you would sell a home you now own.) mean = $67,655, n=359 How imporfant to you are the foliowing reasons for purchasing a home? Not �'. , r�mi �p�_R � - ,* . '+�i/P_RL�Rn� lnterest deduction on income taxes mean=3.7 n=544 . �x::::; :;i�e•,- .4yY,...�,��� .,.;�. � ...:;.. :,r,�, . . �.� Retiirrion�in�estmentlhome':�tr ����y{��;�•�;���.2�;:�;�:��•:,.�543`.; � ..T�_ .. 3 .. ,r_'�,i� . i':>" — _ '`f' •ve'k�'�rl•'.`.S'�.,. "'i:hya�n.�,._ `..r.'....,4. �a.:•'reciation < y :,.� � F .� ; ,z .� ,� . :..pP . . , � , ...._ . ;,_.r� �� .ri., t:�. ..,. ti. . � �...t�a�. --• Control over home—no landlord� 4.3 549 ' - _ - .. t� ��j.>r,'?': :.l'' ;�.'.)�;.y ? "w!:'i:^y�,.- >t�:s A` �5�� '!'�L: . i'>i ,. . . . .:.; . .,. . .; {�°:; ... , ,. . ,::: ,. Stabili ,:. ;.,.... �.:..; ,�;i ... - , � .���: u�: w ., :.::.; ... , , . :��>;;: ......>,,:�..,:�,;.:,.;=,:•„ �,�;,-i•,,:' sy. . . .. ..._. �Y:.'�....,:.�>. .•.:.,. ,. ..�. �...::::,.._...:.: .r;. �:;4:3�`�. . . -;.j..::540 _, .. . �....: ,:_:., Fixed cost--no annual rent increase 4.1 537 Long term,commitment fo , '�`' �.>' + Z�r"3 7 , 3 r 548 ` . - � > , .x ��:�ie commumtY.,. _.u.. . ,._._., '� „_. ._�,` , .. `. .,, � _ . _ . .. ._ _ . ..Ytu� ;? _.. . .. . ....,,. . ,. Resa/e price caps through deed resfriciions limit fhe future appreciation of a home and the reium on the investment. To what exfent might a resa/e price limiiation impacf your pur�hase decision? 6 Not at all--limitations on resale prices would not be a factor 92 �Very little--limitations would not be a key consideration 29.5 Moderately—resale price limits wouid be an important consideration 52.5 Very much--resale limitations would probably not be acceptable n=522 How much below market would a home with a 3 percent cap on annual appreciation need to be priced for you to buy it? n=427 8 0%, at market 24 23% below market (n=967) 67 OR Would not buy a deed-restricted home Who shoutd be responsible for building or providing funds fo� affordable communityhousing? (MARKALL THATAPPLI� 33 All empioyers n=991 � 56 Large empioyers only (over 50 employees) 55 Local governments 40 Nonprofit housing organizations 48 Local housing authorities � 56 Private developers 14 Local citizens/generai public 17 Visi#ors/tourists � 30 Second home owners Would you support fhe following for development of employeI housing? YES NO uNE z� Development excise tax on residential and = 38 -` 42 {20 commercial canstruction Sales tax increase 14 7$ Employee head ta7c `31 50 (.,� Property tax increase 9 84 7 Density bonuses 30 32 � 3 Development fee waivers 39 28.5 � S Inclusionary zoning {a percentage of all new .-' 60� : 23 16 homes are for empioyees) Commercial linkage (empioyers provide housing 66 18 � i for a percentage of new jobs created) ,srHnvu i :t'uu:.: _.: :: ;:� � What is your PRIMARY source of income? n=916 4' 5 Bar/restaurant 3 Real estate sales 13 Construction/trades 2 Propeny management (lon�� a 5 School district short-term rentais) 9 Government 5 Recreation/a�ractions 6 Lodging/hotel/B&B -- Paren�nheritance 27 Professional services 5 Retaii/grocery/liquor j 1 U6lities 1 Q Retirernent � -- Manufacturing 8 Service -- Warehouse/storage Jobs Hetd b Season Average Hou� � y Number of Jobs n-769 Per Week Summer mean=1.1 40.3 n=7Q� Skiseason 1.2 43.5 I Spring/Fall shoulder seasons 1.0 37.2 ' Do you have the same primaryjob year-round, ordifferent primary jabs in winter and in summer? 91 Same 9 Di ; n=921 What is fhe location of your PRIMARY W/NTER employment?� 30 Vail 5.5 Eagle-Vail 11 Edwards/Homestead/Singletree 3 Gypsum 29 AvonlBeaver Creek/Arrowhead 3 Mintum/Red C►+ff 12 Eagle 7 Other � What is yourindividual annual gross income before taxes? mean=$55,424, n=914 ( What is yourage? mean=42.4 Gender 48 M 52 F 1 n=1007 n=973 � EAGLE COUNTY HOUSING NEEDS ASSESSMENT PERCENTAGE RESPONSES EMPLOYER SURVEY Local govemments in Eagie County are undertaking a comprehensive assessment of housing needs ihroughout the county. This information wiil be used to plan projects, alfocate resources and assist the private sector to develop housing needed by the county's � residents. We need input from employers to do this effectively.. Please take a few minutes fo complete this survey. Your responses ' are confidenfial and will only be presented in combination with responses from other employers; information about your specific , business will remain private. Thank you. � �2. I �1) ' ]2) 03) 04) � )5) J6) 07) ! )8) )9) 10) �__-, 11) I '� 12) � 3� � .i 14) I i � �) � � !__� Name of business Telephone # Contact person Physical Address Type of business: n=42 9.5 Bar/restaurant 2 Recreation/attractions/amusements 2 � Reiail/grocerylliquor 7 Hotel 5 Property management (long- and sho�t-term.renta�s) 2 Commercial services 14 Professional services 12 Government -- Education 5 Real estate 2 Utilities 26 Construction/frades -- Manufacturing -- Warehouse / storage 12 Other. ___.__ __ Size of commercial space occupied: How many business locations do you have? mean=2.6, n=36 What is the approximate square footage ot all space within the building(s) your business occupies, including storage? mean=9643, n=23 If your business is hotel/lodging or property management, identify the number of units/rooms you operate/manage. mean=49.5, n=6 ;� 4. How long has this business been operating? n=42 � � �) -- Less than 2 years �) 14 2 to 5 years � 3) 1 Z 5 to 10 years �( t) 29 10 to 20 years !-- � i) 45 More than 20 years "i __i 5. How many employees do you have at all locations? (include contract labor; if self-employed, insert "1 ". Do NOT include year-round employees on the seasonal lines.) means Year-round Summer seasonal Winter seasonal (peak) Full-time I Part-time I TOTAL 87.7 n=39 75.1 n=14 451.1 n=9 15.5 98.7 n=22 n=38 25.8 71.7 n=12 n=19 216 413.4 n=8 n=14 6. In what type of housing do summer seasonal employees live? (ENTER PERCENTAGES) 98% live in standard housing (apartments, mobile homes, townhomes, etc.) n=25 14% camp n=7 2% stay in non-winterized cabins n=1 14% stay in motels n=4 7. How many posifions at your business are cur�ently unfilled? mean=6.5, n=35 Full-time mean=7.3, n=27 Part-time 8. How many jobs were unfilled this past summer? mean=3.1, n=35 Full-time mean=3.6, n=28 Part-time 9. Of your total employees, how many do not speak English as their primary language? mean=18.2, n=40 10. How many people, in your estimaiion, were not hired or left your employment last year because they: Lacked housing: 3.9 persons, n=36 �acked transportation: 0.T persons, n=25 Lacked day care: 0.3 persons, n=27 Lacked parking: .004 persons, n=22 11. Which of your employees have a housing problem? NO MODERATE MAJOR PROBLEM PROBLEM Seasonal workers ................... ...........mean=3.0, n=25 Entry level professionals ........ ...........mean=3.2, n=29 Mid-management ................... ...........mean=2.7, n=29 Upper management ............... ...........mean=1.9, n=27 Retail/service clerks ............... ...........mean=2.9, n=16 General labor ......................... ...........mean=3.0, n=25 12. 1) OR 2). Which is the biqqer problem for your business? rr=42 32 Empioyees unable to find atfordabfe rental units 68 Employees unable to purchase homes 13. What problems other than housing negatively impact your ability to hire and retain employees? (CNECKALL THAT APPL� n=42 1) 26 Low wages 2) 13 Job quality 3) 82 Generai high cost of living 4) 26 CompetiGon from outside Eagle County 5) 33 Employee work ethic 6) 15 Language barriers 7) 18 Insufficientjob traininglskills 3j 13 Other: 14. 1) 15. Do you provide housing or rent/mortgage subsidies for any of your empioyees? n=42 50 Yes 2) 50 No (GO TO Q.16) (IF YES) How many units? mean=58.6, n=20 How many emplovees? mean=68.2,�n=20 16. In the future, would you be wiiling to assist your employees with housing through one or more ot the following methods? YES NO UNCERTAIN Master leasing rental units....... 33 ...............33...............33 n=39 Security deposits ..................... 26...............36............. 38.5 n=39 Rentsubsidies ........................20.5.............46...............33 n=39 Down payment loans/grants ...27.5 .............40............. 32.5 n=40 Mortgage guarantees ..............17.5 ........... 47.5..............35 n=40 Mortgage subsidies ..................13...............51...............36 n=39 Building housing on site...........13 .........:.....54...............33 n=39 Building housing off site...........15 ...............49...............36 n=39 Purchase existing housing.......15 ...............39...............46 n=39 17. Would you support the foliowing for development of employee housing? � YES NO UNCERTAIN Development excise tax on residentiai and commercial construction ............................. 32...............38...............30 Sales tax increase ................... 21............. 60.5..............18 Empioyee head tax .................10.5.............66...............24 Property tax increase ...............17...............47...............36 Density bonuses ...................... 36...............22...............42 Development fee waivers ........ 44 ...............22...............33 Inclusionary zoning (a percentage of all new homes are for employees) ................... 53...............24...............24 Commercial linkage (empfoyers provide housing for a percentage of new jobs created) ................ 29...............42...............29 Do you support a regional, county-wide approach for the fioliowing? . 19. Where do your empioyees live? (ENTER PERCENTAGES� 13% Vail n=42 16% EdwardsMomestead/Singletree � 12% Avon � — °10 Beaver CreekJArrowhead 10°lo Eagle-Vail � 8% Gypsum 4% Minturn/Red Cliff 19.5% Eagle I 3% Rural areas 1% Summit County 9% Lake County/�eadviile � 1% Gafield County 2% Other 20. How does the number of empioyees you have today compa� to the number of employees you had 5 years ago? n=42 1 76 More em lo ees toda than 5 ears a o 2) 7 Fewer employees today than 5 years ago ( 3) 12 No change (GO TO Q. 22) � 4) 5 N/A — not in business 5 years 21. If you have more empioyees today, please choose the ONE 4 main reason why you have more ernployees: n=42 1) 97 Increased the size of space in which you do business 2) 8 increased the number of locations for your business 3) 19 More employees in the same space - expanded hours � 4) 19 More employees in the same space - more demanding clientele � 5) 36 Other: 22. During the next year, will the number of persons you empl �: 1) 58.5 Stay the same n=42 � 2) -- Decrease 3) 41.5 increase 23. (lF1NCREASE) How many more persons do you plan to hi� ? mean=5.4, n=14 n=37 24. Have you moved your rima business location from one( n=38 community to another within the past three years? n=42 � n=38 1) 88 No n=36 2) 12 Yes (from to ) 1 n=36 � n=36 25. Did the move improve your ability to find employees? n=42 1) — Yes 2) 100 No n=38 � ' n=38 YES NO UNCERTAIN Administration of the housing authority ....................52.5 .............20............. 27.5 n=40 Development requirements...... 54 ............. 20.5..............26 n=39 Fees/taxes for housing ............ 22 ...............42...............36 n=36 Incentives for housing .............. 67...............13...............20 n=30 Deed restrictions .....................51.5.............27...............21 n=33 That's ail! Thank you very much for taking the time to compiete this survey. Please return the survey by faxing to: (303) 449-6587 OR (970) 479-2452. If you have questions about this survey, please cail Melanie Rees at (303) 682-3049. I � Eagle County Housing Needs Assessment Commuter Intercept Survey--PERCENTAGE RESPONSES l. Do you speak: (CHECK ALL THAT APPLi� n=313 .1) 56 .English 2) 42 Spanish ; 3) 2 Other: 2. Do you read: (CHECK ALL THAT APPL� n=309 ; i 1) 57 English � 2) 41 Spanish ��I 3) 2 Other: _ �' 3. Where do you live? n=306 ' 1) 83 Leadville/Lake County 2) 5 Glenwood Springs/G�eld County ! 3) -- Metro Denver region j � �) 9 Summit County 5) 4 Other �( I�. What type of home do you live in? n=312 ` 1) 28.5 House 2) 44 Mobile home ; 3) 27 Apartmendcondominium/townhome i �. �. How many bedrooms are in your home? mean=2.�, n=258 j� i. Do you own or rent your home? n=306 _) 41 Own 2) 59 Rent � ( '. What is the total monthly rent/mortgage payment? ' - mean = $530, n=305 I4. What do you pay, on average, in monthly utilities and fees? � mean = $167, n=301 i � 9. Who lives in your household? n=311 � ; ) 10 Self alone '.) 7 Single parent with child(ren) 3) 18 Couple i'') 43 Couple with chitd(ren) �. - ) 3.5 Unrelated roommates 6) 18 Family members and unrelated roommates I ' �) — Other: i ' � �0. Where do you want to live? n=305 � I 1) 48.5 In the community where you now live OR ) 18 Vail area ) 15 Avon area 4} 8.5 Edwards area � �) 5 Eagle/Gypsum � � ) 4 Minturn/Red Cliff '/) 1 Elsewhere in Eagle County li �t I __1 Would you move to Eagle County if the following types of housing became available? n 313 YES NO UNCERTAIN Mobile homes 44 53 3 Apartments 31 66 3 Condos/townhomes 21 70 9 Houses 41 50 8.5 12 1) 2) 3) 4) 5) 6) 7) Where do you work? n=311 63 Vail 20 Avon/Beaver Creek/Arrowhead 7 Edwards/Cordillera 7 Eagle � — Minturn/ Red Cliff 1 Gypsum 1 Other: 13. How long (time) is your commute on average, one way? mean=60.47 rninutes, n=277 14. If you live with family, do other family members: n=265 1) 61 Comrnute to jobs in Eagle County 2) 18 Work near where you live . 3) 12 Commute to jobs in other counties 4) 7 Both work nearby and commute 5) 3 Neither - they do not have jobs 15. How much do you work during each season? # JOBS # HOURS 0.8 35 Summer 0.8 34 Ski season � 0.4 16 Spring/fall shoulder seasons 16. How many days per week do you use the following types of transportation to get to work? (Enter "0" ifNone) n=169 1) Drive alone mean=2.6 days 2) Carpool mean=0.6 days 3) Bus mean=2.1 days 4) Hitchhike mean=.003 days 5) Other mean=.003 days 17. What is your PRIMARY source of income? n=309 01} 10 Bar/restaurant 02) 34 Construction/trades 03) 1 Education 04) 10 GovernmenY OS) 31 Lodging/hotel 06} 2 Professional services 0�) 4 Utilities 08) — Manufacturing 09) 1 Real estate sales 10) — Property management (long- and short-term rentals) 11) — Recreation/ariractions 12) — Parenbinheritance 13) 3 Retail/grocery/liquor 14) — Retirement 15) 1 Service 16) 1 Warehouse/storage 18. What type of job do you have? n=292 1) 5.5 Service (store cierk, van/bus driver, guest services) 2) 32 Housekeeping/maintenance 3) 10 Restaurant (cook, dishwasher, waiting tables) 4) 13 Administrative (secretary, teller, reservations) 5) 7 ManageriaUsupervisory 6) Z7 Construction 7) 6 Other �I � II � �� �- �� '�� '�� ��� � �Y�.,.� February zoo8 AMERICAN PLANNING ASSOCIATION o � ��'°�"'�:����.���� � ` r� �� .� �w;;,; ` �. � � �' �. , , .,x l; rl,�:� .� 1 , yj' � �,�� ; �� � t., s .. `11��, •b��J���� ' .t. ,�1 , �K ���1 i � � r i'v ""' 1 .-v t,.. }iv �S .r , � . rt„ ("�,�i'r �... r t �i r {e �{1 s • :� ��f re��`�,��i u� j '� i, t ��� � �i ``1 r�'+�,.-'� d�F*�"' �� � F .. ' y � r �� �r� 1 w � .ts*,.+.`m�wr �. �„�,�� r'��"i ;�. . .� j , ��' 4 � ,� `+ ..N���., y+n.R,"S P � . ;y' „�'�S V� "�`� � ' i � �. '�.. . � ��7 . � , i I .a,9�'- , S� ! - c- +�-y" r� ? , ,� ;� t� t � '. i { M.� �j ��t � F � �i�i r x . '.y �-.�; !� '� �'i� i� }j . "�;�- ' �i�'"; � � , ,�� * .l.��,��'' � � t , f �u_�� _: .:�� .....:... .:.- _ . ':_„ ,.:_.. t y' 1 ° �` s> z..,.t°Lt�`''��,q������'�jv� j ���".� '�a �[:'�'"�3 ;*��;�`� �,.y� S'�• -�'� a�. � • � �� ' ���-: ..�M�•.r"';� rt � 1�' �.� r s ��.rr,1, L+� ;.: t d".�i. Se °� � Os � ."�r�+ .t �',�."r� .i„ � s. �. �,�;njrJ Y°u�'4 .�^'- � . ..�,�,,,,.,..�w-�r y"x ,� � �xt " r 1 '� , .., � ,�+ . i ,. . � � ,Ht' ' � � „y, 1- o- Pr,_ . �. ". ,. ;:. , ' s.. �-^" ;` � _ . . . ,. , . ��s � ,�5 ,; ,... . . � , - -. .:. ,. ..,. � . .... . .�.., • ''�� � � �y .. .. . � ' . . - �,.. ,�.,;. . . ,. . ' r . � , � . . . .. . .., +i • " . . � � . .... . . .. ..... _ .�. . . ,. ...... �.v.i...�.,,r>wk,�i��C.':� l '�,� I, ; ��' ��� . r� ,V.. � -,; .A � v ; �; $,.�z. � �������� ������ �� ��ve������� ��������� ��d ��� �� �c� �� �o���ng �����°�������� � By Terry Moore, Fa�ca, Robert Parker, aicP, Beth Goodman, and Gerrit-Jan Knaap Reports and journa� articles about the relationship between regulation and housing costs �eave many �uestions unanswered. What regulations have the biggest impact on housing costs? Which are most prevalent in U.S. cities? Are there differences in regula- tions between urban and rural jurisdictions or between regions of the U.S.? This article dis- cusses (i) the impact ofthe requirements of zoning and subdivision ordinances that are rnost lil<ely to impect the cost of new housing, and (2) the occurrence and magnitude oF (and-use regu(ations that go beyond minimum standards and, in doing so, increase the cost of housing. The (iterature refers to such stan- dards as "regulatory barriers to affordabte housing" and as "excessive" regulation. A cornerstone of locai poticy for land use is the belief that regulation can improve the efficiency of tand development and use by reducing the negative effects of these activities. Even though pianners and poticy mal<ers acicnowtedge that the proper scope of such regulation is empirical and that regu- lations can go "too far," the number and scope of regutations consistently grows. Ultimately, theory cannot answer questions about the proper scope of a specific poticy. Because theory can be marsha(ed on both sides of the question, some careful empiri- ca( worl< is necessary. `EXCESSIVE' VERSIlS `REASOiVABLE' The empirical woric we report is from a study sponsored by the U.S. Department of Housing and Urban Deve(opment, part of a larger National Association of Home Builders study, Study of Subdivision Requirements as a Regulatory Barrier. The study attempted to quantify the cost of "excessive" regutation based on the survey of regulatory standards, benchmarks of "teasonable" development standards, and estimates of development costs. Defining both "excessive" and "reason- able" is a s(ippery proposition. "Excessive" implies more regu(ation than is "reasonable," but how does one define "reasonable"? We continue to use both words in quotes to emphasize the preliminary nature ofthe defi- nitions used in the study. The study used the foltowing methods to produce an orderof magnitude estimate for the cost of "excessive" regu(ation: 1. The NAHB developed benchmarl<s of "rea- sonab(e" deve(opment standards for urban and rural jurisdictions, based on a survey of development professionals. It compared the results of the national survey of regulations against benchmarks of "reasonable" devel- opment standards to determine the average amount of regutation required in excess of the benchmarl< standards (i.e.,."excessive" regulation). ZONINGPRACTItE 2.08 AMERICAN PLANNING ASSOCIA710N ( page z z. The NAHB estimated the unit cost of regu(a- tions exceedingthe benchmarl<standards for each development standard based on the costs oF raw land and construction. 3. The NAHB and ECONorthwest applied the unit costs to the regulations in excess of the benchmarlc standards to the survey results to estimate the average cost of "excessive" regu- lation for jurisdictions in the survey. q. The NAHB and ECONorthwest used the average cost of regu(ation in excess of benchmarl<standards to estimate the national cost of "excessive" regulation based on the number of bui(ding permits issued in 2004. The study investigates the inftuence oP zoning and subdivision regulations on the cost of new housing construction. It (i) selects certain housing inputs that are often regu(ated in zoning and subdivision regu(ations (e.g., lot size, setbacl<s, open space, street width); (z) uses a national survey to measure and describe how those regulations vary across the county; and (3) compares the national practice to what a panel of housing experts judged to be "reasonable" standards. The study defines "excessive" regu(ation as actual standards that exceed theoretical "reason- able" standards, and this definition allows us to estimate the costs associated with "exces- sive" standards. We're not saying that the standards cho- sen by the panel are "righY' or that the addi- tional costs are without benefit or are even a deadweight (oss. The study does estimate, however, how much the cost of housing pro- duction coutd be reduced iFthe national aver- age standards were lowered to those judged bythe panef to be reasonable. Despite a lacl< of comprehensive national studies, few would debate that regulafiions can have measurab�e impacts on housing cost. A FRAMEWORIC FOR THINI<ING ABOUT HOUSING C�ST Many studies have tried to estimate the efFects of land and development regulations on housing costs. Most oFthem Pocus on the effects of either whole categories of regu(a- tions or general development patterns. Few studies have attempted to estimate the cost impacts of the development standards in sub- division and zoning regulations, and none has tried to do so on a nationa( sca(e. There has been no comprehensive nationa( survey of development standards affecting the provi- sion ofafFordable housing: Despite a lacl<oF comprehensive national studies, Few wou(d debate that regu(ations can have measurab(e impacts on housing cost. Schuetz and White conducted one ofthe few studies to examine the costs of individual regulation and identified three ways in which subdivision and zoning regulations can affect housing costs: land, lot improvement, and housing construction. l'he subdivision regula- tions that were Pound to have a significant impact on costs include sidewall<, curb and gut- ter, and storm sewer requirements; impact fees; and excessive right-of-way widths. Additionally, they found that "excessive" zoning regulations increase the costs of certain subdivision ele- ments by increasingthe amount oFinaterials needed. Excessive lot widths increase the costs of sewer mains, water mains, streets, side- wall<s, storm sewers, and curbs and gutters; excessive Front yard setbacks increase the costs of sewer and water (aterals. Regulations can cause the cost and price of housing to increase by amounts that are not worth the value of the benefits that the regulations intend to provide. In otherwords, price effects are at the heart of the issue of regu(atory barriers to housing. But housing price is affected by many variables—on(y some ofwhich are public policies—and only a subset oFthose are the ones focused on in a(legations of regulatory barriers. Fgure i on page y shows the main factors that influence the price of new housing. Some observations: � Housing supply and demand factors include the existing supply oF housing and the demand for residential space resulting from ZONINGPRACTICE 2.08 AMERICAN PtRNNING ASSOCIATION � page j ' � : .:�` ,. �.; ,.8. - e o o y ,� � �� ��~,� *. � rr; a— 'i �,. �. ���,� Number Size of of Builders Materials Buitders � Other labor � Fnancing al 4 ' / � Dt� TS R�� �OTH�ER�: , �: k -r � , ��wA�,Q� ST UC UR :� CO5T5: � �,'�'�� ,°_`';��—r „ ,� SUPPLY/PRICE � F#„�,Ph�rs�iaa �[�,b�n,str�mtsz� f Of EXISTING CONSTRUCTION �A(e,g tapo��apl� y; k��ends�` HOUSING COSTS � ��'�,��,��t ;����'�r,���,���,��s ;,r, � }-�� �i��enil,cesf �t�'� �r��`��.,�"'�� �-f4�'�j�F�1x� r�'��rc �€� � �' "�'i�5ervie��ta��o�lic�r� ���. PRICE OF BUILT SPACE ��'�'��`�'����'r� 2�'�`�,��u,�" �,,, � }`j���`�nt"g���su6 �1i�siart�. (e.g., Housing, Offices) �� -r���'�,r;����, �r� �„� . �.� � ����� �,.��,�"������;Y-- �� /' . ��� �`�FB'UiLc�mg�SOdes�� �1�'S�`, / z "`� �``��s���i E �` `� ,�,��:x'��'����r t�rc� ����,�� v . U�'i¢ �.���P�rcel�zatro�a ;53�� �k DEMAND FOR COST7O1F LAND �i�`�`�wy��..��'+ ���'�,��'�` t SPACE ///7711 1,i�'�,.Othet p;,ubyt4c,pn iLy 1`�'� � � � x / / ECONorthwest Po utation Changes in �� P / S PPLY�FQF* and real income DE ND�: em loyment -`�'r- ,�BU{LR BL� P ;,aR,��,��aN.�. r�,� ; A`�` growth ��:r LAM1IR r. �..< Rate of National househotd economic formation fadors growth and economic factors (e.g., change in income). These are significant influences on price, but are usuatty outside the scope of the debate about regulatory barriers. � land costs depend on marl<et condi- tions—the demand for land, the amount of land availabte on the marlcet, and the result- ing price of land. The cost of (and can be divided into the cost of raw land and the cost of providing infrastructure and services to that raw land. A simple inference is that regutations that increase the amount or unit price of land, or the infrastructure necessary to support residentia! development, are bar- riers to that deve(opment. Here, and throughout the slippery terrain of regulatory barriers, we must step carefu!!y. it is not enough to show, for example, that require- ments for ofF-site and on-site inPrastructure increase housing price: Of course they do. Instead; we must asl<three retevant ques- tions. (s) What is the efficient leve! of infra- structure to provide? (2) What would the deve(oper have provided in the absence of the regulations? And (3) what would be the difference in spi(lover impacts between the efficient leve( oF infrastructure and the infra- structure that deve(opers would have provid- ed in the absence of regulations (i.e., both short- and long-term external costs)? � Construction costs depend heavify on the costs of labor and materials. The structure of the toca! construction industry can be an important factor because the size and num6er of construc- tion firms can influence costs through competi- tion for labor, through a lacl<of expertise in (arge-scale projects (requiring the importation of expert labor), or through economies of scale. a Other cost factors inc(ude financing costs (both for the developer and the home buyer), construction overhead, and profit. The contribution of each of these fac- tors can vary substantialty according to housing marl<et conditions, but historically, in suburban, single-fami(y, residential mar- I<ets, serviced land generally accounts for zo to 25 percent of housing costs. Labor and materials account for roughly 5o percent of housing costs, and other factors (e.g., Fnancing, overhead, sales, and profit) account for remeining costs. land-use regutation has severat effects on housing costs. First, it tends to increase housing costs by restricting the supply oF land. it restricts development on certain lands (e.g., where there are physical con- sfraints or high-vatue environmentat resources) and attows housing on some of the (and not so restricted. Second, regula- tion can also add conditions to development that a devetoper would not otherwise meet, and those conditions have a cost (e.g., (and- scaping to create a visual bufFer). Other types oF costs include permitting fees, sys- tems development charges, and other regu- latory charges. Third, developers may spend time and resources in the process of trying to comply with land-use regulations. A final caution: The funding for and research into regulatory barriers is primarily about identifying and estimating the costs of barriers, not about estimating the net impacts (costs and benefits) oF public policy. Land-use regulation does not just increase the cost of development. It may, and most often probably does, increase the vatue ofthe development (even when the costs are greater than the increases in mari<et value). Moreover, even if the regulatory costs do not transtate into high- er prices and bigger returns for the developer, . the oPf-site benefits to targer grbups of citi- . zens (e.g., those downstream from a develop- ment that must pay the regulatory costs of better stormwater management) may exceed, perhaps substantially, the costs borne by the devetoper and home buyers in the develop- ment. Identifying and estimating the costs of "excessive" regulations is an important piece ofthe policy puzzle, but it is only one piece. A NATIONAL SURVEY OF REGULATORY STANDARDS The broader purpose of the HUD study was to exptore the connection between subdivi- sion and zoning regu(ations and housing cost. A nationaf survey of regulatory stan- dards that impact the cost of residentiat devetopment was the foundation of the study. The survey focused on regu(atory standards and requirements that raise the cost of residentia( development and exam- ined regulatory standards amenable to ZONINGPRACTICE 2.08 AMERICAN PLANNING ASSOCIATION � page 4 direct measurement and cost imp(ication ana(ysis. Based on previous research, we selected standards lilcely to increase the amount of land required or likely to increase the cost of providing infrastructure (i.e., sewer or water lines) for residential deve(op• ment in subdivisions. The Sample We based our survey on a sample of 500 jurisdictions across the U.S. Ofthose, we were able to obtain ordinances from 469. The sampling cha((enge was to devefop a methodology that resu(ted in a random sam- ple representative of the population.of al( 38�966 jurisdictions in the U.S. The objec- tive was to develop a samp(e that (i) was geographical(y representative of communi- ties across the nation, (z) reflected the national distribution of population (includ- ing iurisdiction size), (3) reflected both Fast- and slow-growingjurisdictions, and (4) rep- resented a range of government types. We weighted the samp(e by popu(ation in states (e.g., the number of samples for each state is proportional to its population) and then by amount of populafion growth in each jurisdiction between i996 and z000. This methodo(ogy p(aced emphasis on the amount of popu(ation in each state, and ensured that both fast- and s(ow-growing communities were represented. The I<ey weighting criteria did not inc(ude the number of local governments. If we had used the number of local govern- ments as a weighting criterion, then states lil<e North Dakota with i,744 jurisdictions would have had many more samples than states like California, which has 53z. We focused on popu(ation and growth rate rather than the number of jurisdictions because the focus of the study was the cost oF"excessive" regulation on newdevelop- ment, which occurs more frequent(y in areas with more population and higher growth rates. Whi(e the survey represented s(ightly more than one percent of the population of loca( governments, it represented z6 percent of the U.S. population. We divided jurisdictions into urban (those belonging to a Metropolitan Statistica( Area (MSA)) and rura! (those not belonging to an MSA). More than two-thirds of the sample (323 jurisdictions) belonged to an MSA; (ess than one-third of the sample (i46 jurisdictions) was not part of an MSA. The Ordinance Review The survey consisted of obtaining and reviewing subdivision and land-use ordi- nances from the samp(e jurisdictions. We used Pour steps to review the ordinances: se(ecting the residential district to review, gathering data from the zoning ordinance, gathering data from the subdivision ordi- nance, and searching both ordinances for missing data. Since it was not feasible or practical to collect data about a!! residential districts, this study focused on the requirements found in the densest residential zone that permits detached single-famify housing by righfi. This zone represents the "border" between mu(tifamily housing and low-densi- ty sing(e-fami(y housing. The requirements for less land in this zone increase the (il<eli- hood of aFfordable housing being developed because land accounts for a substantial share of the costs of residential develop- ment. Thus; choosing the residential district to review was criticaf because most jurisdic- tions have multip(e residential zones with differing development standards. TNE RESULTS OF THE SURVEY Lot Standards Regulation of lot size and configuration is important because these standards deter- mine the density of residentiai development, which directly impacts housing affordability. Table s shows the lot standards cot(ected for this study: size, setbacks, floor area, and off-street parl<ing. Lot size is the key lot standard in this study because the minimum !ot size determines the amount of land required for a singfe-family detached dweliing. Most oF the other lot variables are retated to size and placement of the dwelling on the (ot. The First and third quartiles show the range oF responses between the bottom z5th percent and upper 75th percent of jurisdic- tibns' standards. The quartiles show the range of standards that the majority of juris- dictions fit into, without emphasizing the smal(est and largest standards. About 95 percent of jurisdictions with zoning or subdivision ordinances had mini- mum lot size standards. The mean (ot size was 9.9z4 square Peet, with 5o percent oF the jurisdictions having minimum (ot size standards between 5,00o and 8,50o square feet. The lot size requirements in urban juris- ZONINGPRACTICE 2.08 AMERICAN PLANNING ASSOCIATION ( pageg dictions were less than halfthe size oP rural jurisdictions' requirements: an average of 7,578 square feet compared to the rural aver- age of 15,507 square feet. Lot width and setbacks varied across jurisdictions but not as much as lot size. The mean lot width requirement was 6z Feet, with 5o percent of jurisdictions' !ot width require- ments varying From 5o to 7o feet. Average urban tot width requirements were three-quar- ters as large as rural requirements. We exam- ined front, side, and rear setbacics; front set- backs had the largest mean requirement at z5 feet. Side setbacks.averaged eight feet per side. Urban jurisdictions' requirements for front and side setbacks were about two-thirds as large as rural jurisdictions' requirements. Rear setbacks averaged zi feet, with average urban requirements about 8o percent as large as rural requirements. The variables examined so far re(ate to the size of the lot and p(acement of the dwelling on the lot. The next lot variabie, floor area, is related to the amount of living space within the dwelling unit, expressed as the minimum number of square feet of floor space within the dwelling. Floor area is a key vari- able because large floor area requirements decrease housing affordability by requiring larger homes than the market might otherwise bui(d. On(y i8 percent of jurisdictions with ordinances had requirements for floor area, with a mean requirement of i,o6o square feet. The final !ot variable was requirement of off-street paricing spaces. Table s shows that 83 percent of the jurisdictions had off-street parl<ing requirements and that more than three-quarters of jurisdictions with standards required two spaces. Urban and rura( jurisdic- tions' requirements for off-street parl<ing were simi(ar, with ofF-street parking requirements more common in urban jurisdictions. Street and Sidewalic SYandards Because transportation is essential to residen- tial development, jurisdictions commonly reg- u(ate street and sidewalk standards in resi- dential subdivisions. We co(lected information about street pavement width, street right-of- way width, requirements For curbs and gutters, planting strip requirements, and sidewallc requirements. More than half of a(l jurisdictions sur- veyed regulated street widths in their zoning or subdivision ordinance. Table z shows that the mean street pavement width require- 1'ABLE 1. SURVEY OF �ELIECi"ED STANDARDS Standard N Mean Median Deviation ns 419 9�9z4 6,000 16,946 34z 6z 6o z5 � ';. 413 25 25 13 417 $ $ 5 `' ;: 404 21 Zo 9 , " 86 i,obo s,000 359 . paces; 367 z z 1 idth (I�f) ;. i9z zs z8 6 w4dtii;(l f) z6z 52 50 8 ), '4;, 153 4 4 1 i�� F) ,'; i 37 5 5 1 47 13 l0 9 18 1,562 795 3�447 34 z29 zi8 isz 295 7�57$ 6,000 13:946 246 57 5� 17 z93 zz Zo 8 294 7 6 . 3 z8z i9 zo 8 58 z,z13 z,000 4og z65 2 2 i i35 28 28 6 174 53 50 7 113 5 4 1 30 4 5 Z 34 14 lo io 14 1,64z 453 3.9z7 28 2iz 2i8 so3 ;>::. i24 i5>5o7 8�856 z1>597 ',': 96 75 6$ 35 zzo 3z 25 i8 � sz3 si io 6 ;` iz2 z4 z5 ii ' 2$ 949 960 181 soz 2 2 0 `` 57 z6 z6 6 ;! 88 5z 50 9 4� 4 4 1 7 5 5 1 ECONorthwest and the Community Planntng Workshop at the Unfvers(ty of Oregon Square feet Is abbreviated as "s.f." and linear Feet Is abbrevtated as "Lf." ment was z8 feet. Street right-of-way requirements have an average width of 53 feet, which inc(udes pavement width, curb and gutter, planting strip, and sidewalk ast 5,000 50 Zo 5 15 Soo z 24 So 4 4 so 371 i3i 5,000 50 20 5 i5 800 2 24 50 4 3 lo 343 13i 6,000 5� 25 8 15 8io z 21 50 4 4 3rd Quartib 8,5oc 7c 3� 1C ZS i,zoc 2 3� 6c � E 1S 4 Z�C 7,zoc 6� z5 S z5 s,3oc 2 32 6c � � zc 92E ZiE i5,00c $4 3° i= 3� i,00c z 3� 6c 4 E requirements, as well as public easements. Pavement and right-of-way widths varied only slightly between urban and rura! jurisdictions. ZONINGPRACTICE 2.08 AMERICAN PLANNING ASSOCIATION � po9e Ha(fofthe jurisdictions surveyed required curb and gutters in their zoning or suhdivision ordinances. Fewerthan io percent ofjurisdic- tions required planting strips (landscaped areas between the curb and sidewali<). Among ordi- nances requiring p(anting strips, the mean width was five feet. Half ofjurisdictions also required sidewallcs on one or both sides of the street and z6 percent required sidewall<s on both sides of the street, with a mean width requirement of four feet. Open Space and Landscaping Standards We eva(uated the amount of land required for open space, which includes requirements for devoting undeveloped land to public uses, such as pari<tand. About 28 percent of the jurisdictions in the samp(e had regulations requiring dedication of land for open space uses. Of these jurisdictions, 59 percent, or 78 jurisdictions, allowed payments (fee-in-tieu) of land dedications. Open space requirements varied but genera!!y fell into one of three patterns: (i) requirements Por a fixed percentage of land within the subdivision, (2) a set amount of land per dwelting unit in the subdivision, or (3) a set amount of land per person expected to live in the subdivision. Open space requirements.in urban and rura( juris- dictions were refativety similar although requirements were more prevalent in urban jurisdictions. The fina! standard we examined was landscaping requirements in subdivisions. They varied from comp(ex, extensive require- ments to general ones. Some jurisdictions had speci�c requirements about the type, focation, and size of plants used in land- scaping. Others were generat, mere(y requir- ing some sort of landscaping. Quantifying these requirements posed significant diffi- culties because of the variability in require- ments. As a result, we simply tracl<ed whetherjurisdictions had fandscaping requirements. About 4o percent of jurisdic- tions had landscaping standards in in their subdivision or zoning ordinance. CONCLUSION: THE IMPACT OF REGULATION ON HOUSING AFFORDABILITY The regulations with the greatest impact on housing cost were !ot size and floor area. Excessive lot-size requirements accounted for about three-quarters of the cost of "excessive" regulation and floor area requirements accounted For about io percent ofthe costs. All other devetopment standards exam- ined in the survey (lot width, setbacl<s, num- ber of parlcing spaces, street standards, etc.) account fo� approximate(y 15 percent of the cost of "excessive" regulation. For the most part, these costs are related to additional land costs and the provision of services. Of the remaining standards, lot widths, Front set- bacl<s, and street pavement width had the largest effect on cost. We end with a reminder that even if one were to accept our definitions and resu(ting estimates of "excessive" costs as approxi- mately correct, the costs are not a deadweight (oss. Our definition of "excessive" costs clearly implies that the incrementa! costs of the higher standards are greater than the incremental benefits, but there are usual(y be�efits. Bigger setbacl<s may require bigger lots that cost more, but the purchaser is, in fact, getting a bigger (ot that has some value. Thus, the estimate oP an aggregate cost impact of $1G billion cited above would be, all other things being equal, an overestimate (perhaps a substantial one) ofthe net impact on the regulations on the purchasers and users of housing. VOL. z5, N0. 7 Zonine� ArocYice is a mcnthly Vubiication oF the Flmericart PtanningAssocia�ian.5ubscripHons are avai[able fior $75 (U.S.} and $aao (foreignj. W. Paut Farmer, Fmcr, Exe�uti�re Director; Vltittiam R. !<(ein, �ica, airector �f Research. Zoning Practice (ISSN i548—oi35) is produced at APA. Jim Schwab, aica, and David Morley, Editors; Julie Von Bergen, Assistant Editor, Lisa Barton, Design and Production. Copyright �Ozoo8 by American Planning Association, izz S. Michigan Ave., Suite i600, Chicago, Il6o6o3. The American Planning Association also has offices at i776 Massachusetts Ave., fV.W., Washington, D.C. zoo36; www.planning.org. All rights reserved. IVo part af this pubiication may be reproduced or utilized in any form or by any means, electronic or mechanical, induding photocopying, recording, or by any inFormation storage and retrieva( system, without permission in writing from the American PlanningAssociation. printzd on recyded paper, includin; 5�-7�%-� recycted fiber and xo%, postconsGmer wasCca. ZONINGPRACTICE 2.08 AMERICAN PIANNING ASSOCIATION � page7 � � � �� �� aaa�� O��-SW z = c.> a G�.�: �' i� �:;� ri� �� � z 0 a v O � � ¢ l'J z Z Z g d Z u � � ¢ a ¢ m C � t0 � bn o � � u � = �c' �O O . � bn � � � u N � -C � cn v � z ai �p Q m w o � N � N l.j � u � u�i 4 � � cv � � � � I��. � � 0 � � � � � m � � � d � . [ ���r� am� ��o �� �� m� � ����� � �t9� o°° R � m O•i (:1 � ~ � � � � �� � ��� O CJ F- P-� . ° u � � � ,: , 1 � � �( I ' � > �� ' � ' � , � ��� � � , ,, � � � •� '� , � , � , � ,, , �� i ,i � � � i . .� :.� � ',.� � . ' ,f i :� E 1 l l`i .1 � ? � � ! ' ;�. .1 .., �t:i ..�,.:-,r: t � � ,. . . . , ..... ti i � � !1 � i i .,' � ,�` ; ��,� � :� � ;_ � ��� i i ��� � ( ',� � � , I , ' ' 1 ? 1 ') � t ;:t � � �� ' 1;1 �r � � .. .. 1. ... . ..- .. , '... . •.1 "". .�. �:1 .. � . . . .1 .� '� . . , i � i � '!. I �, � .; 4:- �} ;� . 4 ' �,. � l � � I , ' , f � f ;� � � i i I � i;� � y 1� i t"� i rl , + �= ' t�� .i i ��. �J :� . ti '! 1 � ,. C1 :� .. , ,�. I� . , _. .. � .t � n i ,.: , � J ._ � I -• �� MEMOR�NDUM Planning and Environmentai Commission Community Development Department February 25, 2008 SUBJECT: A request for a work session to discuss a development plan, pursuant to 5ection 12-61-11, Development Plan Required, and to discuss certain conditional uses, pursuant to Section 12-61-3, Conditional Uses, Vail Town Code, to allow for a redevelopment of Solar Vail into a mixed use development to include Type VI employee housing units, professional offices, subterranean parking, and public utilities installations including transmission lines and appurtenant equipment, located at 501 Norttt Frontage Road West, �ot 8, Block 2, Vail Potato Patch, and setting forth details in regard thereto. (PEC070052) Applicant: Planner: �. t� Sonnenalp Properties, Inc., represented by Gwathmey Pratt Schultz Lindall Architects, P.C. Scot Hunn The applicant, Sonnenalp Properties, Inc., represented by Gwathmey Pratt Schultz Lindall Architects, P.C., has requested a work session with the Town of Vail Planning and Environmental Commission to discuss the revised development plan and associated conditional use permits for the re-development of the Solar Vail property into a mixed use project, located at 501 North Frontage Road West, to include: 0 0 0 0 0 _ o One (1) building containing a total of 87,818 (gross) square feet; Eight stories, inclusive of two levels of structured, subterranean parking; A maximum building height of 84 feet; Eighty-two (82), deed restricted, Type VI employee housing units (EHUs); 4,850 square feet (net) of professional o�ce uses; and Telecommunicatio�s uses (cellular telephone antennae). Requested Outcome A work session is requested to discuss the proposed project, which has changed since the previous work session held with the Commissiorr on August 27, 2007. Review and discussion is requested relative to recommendations of the Vail Comprehensive Plan, as well as, Housing District development standards and review criteria outlined in the Vail Town Code. The applicant will benefit from receiving specific feedback from the Commission regarding proposed permitted and conditional uses, as well as building bulk, mass, height, architecture, site development standards and any variations requested. No fiormal action is required of the Commission at this meetirtg. II. DESCRIPTION OF THE REQUEST The Solar Vail property currently serves exclusively as employee housing for the Sonnenalp Hotel operations. The applicant, in proposing this re-development, intends to maintain and expand this use as a direct nexus to employee housing needs generated by operation of the Sonnenalp Hotel in the Vail Village. Specifically, the applicant proposes this re-development to address, proactively, the current and future employee housing needs generated by the hotel operations.. As well, the applicant has proposed, as a possible means to finance re-development of the site, to sell deed restrictions tied to units developed on the site to other businesses or developers in need of "off-site" employee housing mitigation in the future. The property has been re-zoned from the High Density Multi-Family (HDMF) District to the Housing (H) District, and a text amendment to the Housing District allowing for "Professional Offices and Business Offices" as conditional uses has been approved by the Vail Town Council. Such re-zoning and text amendments were requested to better facilitate the development of a significant number of employee housing units within the Town of Vail and to allow for the review of certain proposed conditiorial uses proposed as secondary and incidental to the use of employee housing. Key components of the current proposal include: s Demolition of two existing buildings containing 24 units, originally constructed in 1976; • Development of a new building containing 87,818 (gross) square feet; • Eight stories, inclusive of two levels of structured parking; s A maximum building height of 84 feet; s Eighty-two (82) deed restricted, Type VI employee housing units on five floors for primary use by employees of the Sonnenalp Hotel; s Development of approximately 4,850 square feet of office space on the first level; deed restricted linkage is proposed between office space (lease agreement) and dedicated EHUs within the building; one or two units are proposed to be "attached" to office space lease agreements and will be made part of an on-site employee housing management plan; s Creation of sixty-nine (69) enclosed parking spaces on two levels of underground parking (separated for office and residential uses) and eight (8) surFace parking spaces for a total of seventy-seven (77) parking spaces on-site; s Preservation of the existing earthen berm and vegetation located between the existing parking lat and North Frontage Roacl; and • Preservation and upgrade of existing telecommunication antenna "farm" (to be better integrated into new architectural features of building). The Solar Vail development proposal is comprised of two (2) separate development review applications. Each application is intended to facilitate the re- development proposal. The development applications include, but may not be limited to: • A Development Plan application for development within the Mousing (H) district; F� A Conditional Use Permit application for: o"Professional Office Uses" located on the office level of the structure; o"Public Utilities Installations including Transmission Lines and Appurtenant Equipment" (cellular communication antennae); and o"Type Vl Employee Housing Units". In addition, the applicant is requesting "variations" to certain development standards, as permitted at the discretion of the Planning and Environmental Commission during review of any development proposal within the Housing District. Specifically, the applicant is requesting variations to: • Setbacks — from 20 feet to approximately 15 feet between the proposed structure and the west property line; and • Parking — from 133 required spaces (per Section 12-10-10, Vail Town Code), to 77 proposed for both residential and office uses. The applicant has provided responses to conditional use review criteria for employee housing units, professional business offices and public utility (cellular communication antennae) uses: As well, the applicant has provided written responses and justification to variations requested from setback and parking standards. A vicinity map identifying the location of the development site has been attached for reference (Attachment A). A copy of the document entitled Tear pown and Re-build of Solar Vail Emplovee Housinq dated January 28, 2008 (Attachrnent B), and a reduced set of plans dated January 25, 2008, is attached for reference (Attachment C). :� -� � The subject property was annexed into the Town of Vail by Ordinance No. 8, Series of 1969, which became effective on 8/23, 1969. The Solar Vail building was initially developed as an employee housing project in 1976 and has served (exclusively) as the off-site employee housing for the Sonnenalp Hotel. These buildings were also approved for use as a telecommunications (cell) antenna "farm" site; housing multiple antennae far various co-users or providers. __ _ _ On August 27, 200i, the Town of Vail Planning and Environmental Commission held a work session to discuss plans for a similarly designed building. At that time, the applicant was proposing sixty-three (63) employee housing units (EHUs) and 4,700 square feet of professional office space. Two levels of parking were proposed, with a total of 71 parking spaces proposed. The Commission was generally supportive of the propose plans and provided the following feedback to the applicant: o The applicant should study building mass and, specifically, provide for more of a"break" in the ridge line of the roof structure; • The applicant should study loading, delivery and trash storage and removal; and • The requested variation to parking standards is generally supportable in order to facilitate private development of employee housing within the Town, and in specific response to avoiding development on slopes in excess of 40%. On December 4, 2007, the Vail Town Council voted unanimously to approve two separate ordinances, Ordinance No. 34, Series of 2007 and Ordinance No. 35, Series of 2007, on second reading. Ordinance No. 34 approved an amendment to the Official Zoning map for the Town of Vail, effectively re-zoning fihe subject property from the High Density Multi-Family (HDMF) District to the Housing (H) District. Ordinance No. 35, approved a text amendment for the Housing District to specifically allow for "Professional Offices and Business Offices" as conditional uses within the Housing District. Both the re-zoning of the property and the subsequent text amendment were requested to better facilitate the re- development of the site and, specifically, to allow a higher degree of flexibility in the design and layout of the site to accommodate a significant number of employee housing units and to allow for the review of certain proposed conditional uses. Since proceeding through the re-zoning and text amendment process, the applicant has revised the plans for the development, introducing slightly revised building orientation, and roof forms (broken ridge and revised dormer designs). In addition, the plans now show a taller building with increased density, as well as a revised subterranean parking design. The access plan has been changed to minimize any new road cuts and the driveway configuration has been revised significantly to improve access, provide a hammer head for turn around while minimizing disturbance on Town owned Tract A. IV. ROLES OF THE REVIEWING BOARDS The purpose of this section of the memorandum is to clarify the responsibilities of the Planning and Environmental Commission on the various applications to be submitted on behalf of Sonnenalp Properties, Inc. � A. Development Plan Review in the Housinq (H) zone district The Planning and Environmental Commission is responsible for final approval/denial of a Development Plan. The Planning and Environmental Commission shall review the proposal for compliance with the adopted criteria. The Planning and Environmental Commission's approval "shall constitute approval of the basic form and locati.on of impr.ovements including siting, building setbacks, height, building bulk and mass, site improvements and landscaping." B. Conditional Use Permit (CUP) The Planning and Environmental Commission is responsible for final approval/denial of CUP. The Planning and Environmental Commission shall review the request for compliance with the adopted conditional use . permit criteria and make findings of fact with regard to the project's compliance. Generally, the Planning and Environmental Commission is � responsible to ensure that any uses permitted are located properly, to 0 assure compatibility and harmonious development between conditional uses and surrounding properties and the town at large. V. APPLIC�4BLE DOCUMENTS Staff has provided portions of the Vail Town Code and several master plans which are relevant to the proposed topics for this work session. At the time of any final plan review there will be additional excerpts provided. Zoninq Requlations Chapter 6: Housing (H) Zone District (in part) 12-61-1: PURPOSE: The housing district is intended to provide adequate sites for employee housing which, because of the nature and characteristics of employee housing, cannot be adequately regulated by the development standards prescribed for other residential zone districts. It is necessary in this zone district to provide development standards specifically prescribed for each development proposal or project to achieve the purposes prescribed in section 12-1-2 of this title and to provide for the public welfare. Certain nonresidential uses are allowed as conditional uses, which are intended to be incidental and secondary to the residential uses of the district. The housing district is intended to ensure that, employee housing permifted in the zone district is appropriately located and design to meet the needs of residents of Vail, to harmonious with surrounding uses, and to ensure adequate light, air, open spaces, and ofher amenities appropriate to the allowed types of uses. 12-61-2: PERMITTED USES: The following us.es shall be permitted in the H District: Bicycle and pedestrian paths. � Deed restricted employee housing units, as further described in chapter 93 of this title. Passive outdoor recreation areas, and open space. 12-61-3: CONDITIONAL USES: The following uses shall be permitted in H district, subject to issuance of a conditional use • permit in accordance with the provisions of Chapter 16 of fhis Title: "Commercial uses which are secondary and incidental (as determined by the planning and environmental commission) to the use of employee housing and specifically serving the needs of the residents of the development, and developed in conjunction with employee housing, in which case the following uses may be allowed subject to a conditional use permit: Banks and financial institutions. Child daycare facilities. Eating and drinking establishments. Funiculars and oiher similar conveyances. Health clubs. Personal services, including, but not limited to, laundromats, beauty and barber shops, tailor shops, and similar services. 5 Refai/ stores and establishments. Business offices and professional offices as turther regulatetl by Section 92-16-7 of this fif/e. Dwelling units (not employee housing units) subject to the following criteria to be evaluated by the planning and environmental commission: A. Dwelling units are created solely for the purpose of subsidizing employee housing on the property, and B. Dwelling units are not the primary use of the properiy. The GRFA for dweiling units shall not exceed thirty percent (30%) of the total GRFA constructed on the property, and C. Dwelling units are only created in conjunction with employee housing, and D. Dwelling units are compatible with the proposed uses and buildings on the site and are compatible with buildings and uses on adjacent properties. Outdoor patios. Public and private schools. . Public buildings, grounds and facilities. • Public parks and recreational facilities. Public utilities installations inciuding transmission ►ines and appurtenant equipment. Type Vl employee housing units, as further regulated by chapter 93 of this title." 12-61-5: SETBACKS: The setbacks in this district shall be twenty feet (20') from the perimeter of the zone district. At the discretion of the planning and environmental commission, variations to the setback standards may be approved during the review of a developrnent plan subject to the applicant demonstrating compliance with the following criteria: A. Proposed building setbacks provide necessary separation between buildings and riparian areas, geologically sensitive areas and other environmentally sensitive areas. B. Proposed building setbacks will provide adequate availability of light, air and open spac.e. C. Propased building setbacks will provide a compatible relationship with buildings and uses on adjacent properties. D. Proposed building setbacks wiil result in creative design solutions or otMer public benefits that could not otherwise be achieved by conformance with prescribed setback standards. Variations to the twenty foot (20') setback shall not be allowed on property lines adjacent to HR, SFR, R, PS, and RC zoned properties, unless a variance is approved by the planning and environmental commission pursuant to Chapter 17 of this title. (Ord. 99(2001) § 2: Ord. 3(2001) § 2) 12-61-6: SITE COVERAGE: Site coverage shall not exceed fifty five percent (55%) of the total site area. At the discretion of the planning and environmental commission, site coverage may be increased if seventy five percent (75%) of the required parking spaces are underground or enclosed, thus reducing the impacts of surface paving provided within a development, and that the minimum landscape area requirement is met. (Ord. 19(2001) § 2: Ord. 3(2001) § 2) C� 12-61-7: LANDSCAPE AND SITE DEVELOPMENT.� At least thirty percent (30%) of the total site area shall be landscaped. The minimum width and length of any area qualifying as landscaping shall be fifteen feet (15) with a minimum area not less than three hundred (300) square feet. (Ord. 19(2001) § 2: Ord. 3(2001) § 2) 12-6/-8: PARKING AND LOADING: Off street parking shall be provided in accordance with Chapter 10 of this title. No parking or loading area shail be located uvithin any required sefback area. At the discretion of the pianning and environmental commission, variations to the parking standards outlined in Chapter 10 of this title may be approved during the review of a development plan subjecf to a parking management plan. The parking management plan shall be approved by the planning and environmental commission and shall provide for a reduction in the parking requirements based on a demonstrated need for fewer parking spaces than Chapter 10 of this title would require. For example, a demonstrated need for a reduction in the required parking could include: A. Proximity or availability of alternative modes of transportation including, but not limited to, public transit or shuttle services. 8. A limitation placed in the deed restrictions limiting the number of cars for each unit. C. A demonstrated permanent program including, but not limited ta, rideshare programs, carshare programs, shuttle service, or staggered work shifts. (Ord. 19(2001) § 2: Ord. 3(2001) § 2) 12-6/-9: LOCATION OF BUSINESS ACTIVITIES: A. Limitation; Exception: Al! conditional uses by section 12-61-3 of this article shall be operated and conducted entirely within a building, except for permitted loading areas and such activifies as may be specifically authorized to be unenclosed by a conditional use permit and the outdoor display of goods. B. ' Outdoor Display Areas: The area to be used for outdoor display must be located directly in front of the estabiishment displaying the goods and entirely upon the establishment's own property. Sidewalks, building entrances and exits, driveways and streets shall not be obstructed by outdoor display. (Ord. 19(2001) § 2: Ord. 3(2001) § 2) 12-61-90: OTHER DEVELOPMENT STANDARDS: A. Prescribed By Pianning And Environmenfal Commission: In the H district, development standards in each of the fallowing categories shali be as proposed by the applicant, as prescribed by the planning and environmental commission, and as adopted on the approved development pian 1. �ot area and site dimensions. 2. Building height. 3. Density control (including gross residential floor area). (Ord. 19(2009) § 2: Ord. 3(2001) § 2) 12-61-11: DEVECOPMENT PLAN REQUIRED: A. Compatibility with Intent: To ensure the unified development, the protection of the natural environment, the compatibility with the surrounding area and to assure that development in the housing district will meet the intent of the zone district, an approved development plan shall be required. 7 _ _ 8. Plan Process and. Procedures: The proposed development plan shall be in accordance with section 12-61-12 of this article and shall be submitted by the develaper to the administrator who shall refer it to the planning and environmental commission, which shall the plan at a regularly scheduled meeting. C. Hearing: The public hearing before the planning and environmental commission shall be held in accordance with section 92-3-6 of this title. The pianning and environmental commission may approve the application as submitted, approve,the application with conditions or modifications, or deny the application: The decision .of the planning and environmental commission may be appealed to the town council in accordance with section 12-3-3 of this title. D. Plan As Guide: The approved development pian shall be used as the principal guide for all development within the housing district. E. Amendment Process: Amendments to the approved development plan will be considered in accordance with the provisions of section 12- OA-10 of this title. F. Design Review Board Approval Required: The development plan and any subseguent amendments thereto shall require the appraval of the design review board in accordance with the applicable provisions of chapter 11 of this title prior to the commencement of site preparation. 12-61-23: DEVELOPMENT STANDARDS/CRITERIA FOR EVALUATION: The following criteria shall be used as the principal means for evaluating a proposed development plan. it shall be the burden of the applicant to demonstrate that the proposed development plan complies with all applicable design criteria: A. Building design with respect to architecture, character, scale, massing and orientation is compatible with the site, adjacent properties and the surrounding neighborhood. B. Buildings, improvements, uses and activities are designed and located to produce a functional development plan responsive to the site, the surrounding neighborhood and uses, and the community as a whole. C. Open space and landscaping are both functional and aesthetic, are designed to preserve and enhance the natural features of the site, maximize opportunities for access and use by the public, provide adequate buffering between the proposed uses and surrounding properties, and when possible, are integrated with existing open space and recreation areas. D. A pedestrian and vehicular circulation system designed to provide safe, efficient and aesthetically pleasing circulation fo the site and throughout the development. E. Environmental impacts resulting from the proposal have been identified in the project's environmental impact repoit, if not waived, and all necessary mitigating measures are implemented as a parf of the proposed development plan. F. Compliance with the Vail comprehensive plan and other applicable plans. (Ord. 29(2005) § 23: Ord. 19(2009) § 2: Ord. 3(2009) § 2) : Chapter 16: Conditional Uses (in part): 12-16-1: PURPOSE; LIMITATIONS: In order to provide the flexibility necessary to achieve the objectives of this title, specified uses are permitted in certain districts subject to the granting of a conditional use permit. Because of their unusual or special characteristics, conditional uses require review and evaluation so that they may be located properly with respect to the purposes of this title and with respect to their effects on surrounding properties. The review process prescribed in this chapter is intended fo assure compatibility and harmonious development between conditional uses and surrounding properties and the town at large. Uses listed as conditional uses in the various districts may be permitted subject to such conditions and limitations as the town may prescribe to ensure that the location and operation of the conditional uses will be in accordance with development objectives of the town and wili not be detrimental to other uses or properties. Where conditions cannot be devised to achieve these objectives, applications for conditional use permits shall be denied. �2-16-6: CRITERIA; FINDINGS (in part): A. Factors Enumerated: Before acting on a conditional use perrnit application, the planning and environmental commission shall consider the following factors with respect to the proposed use: 1. Relationship and impact of the use on development objectives of the town. 2. Effect of the use on light and air, distribution of population, transportation facilities, utilities, schools, parks and recreation facilities, and other public facilities and public faci/ifies needs. 3. Effect upon traffic, with particular reference to congestion, automotive and pedestrian safety and convenience, tratfic flow and control, access, maneuverability, and removal of snow from the sfreets and parking areas. 4. Effect upon the character of the area in which the proposed use is to be /ocated, including the sca/e and bulk of the proposed use in relation to surrounding uses. 5. Such other factors and criteria as the commission deems applicable to the proposed use: 6. The environmental impact report concerning the proposed use, if an environmental impact report is required by Chapter 12 of this title. B. Necessary Findings: The planning and environmental commission shall make the following findings before granting a condifional use permit: 1. That the proposed location of the use is in accordance with the purposes of this title and the purposes of the zone district in which the site is /ocated. 2. That the proposed location of the use and the conditions under which it would be operated or maintained will not be detrimental to the public health, safety, or welfare, or materially injurious to properties or improvements in the vicinity. 3. That the proposed use will comply with each of the applicable provisions of this title. (Ord. 29(2005) § 38: Ord. 10(1998) § 9: Ord. 22(1996) § 3: Ord. 36(1980) § 1: Ord. 8(1973) § 18.600) 7 92-16-7: USE SPECIFIC CRITERIA AND STANDARDS (in part): 95. Business Offices and.Professional Offices in the Housing (H) Disfrict: a. Business and professional offices shall be secondary to the residential use of the District. The net floor�area of the office use shall be not greater than 15% of the net floor area of the development site. b. The sa/e of inerchandise shall be prohibited. c. Otf-street parking shall be provided in accordance with the provisions of Chapter 12-10 of this title and shall be clearly separate from the area designated for residential parking. d. No overnight parking or storage of commercial vehicles associated with the professional or business office use shall be permitted. . e. Signage shall be permitted in accordance with Section 11-6-3-A: Business Signs within Sign District 1(Title 9 9: Sign Regulations, Vail Town Code) and shall be subject to design review. f. The number of employees allowed in a business otfice or professional office within the Housing District shaU not exceed one employee for each 200 square feet of net floor area. g. Homeowner Association or property owner approvai shall be required of al/ Conditional Use Permit applications for a Professional Office or a Business Office within the Housing (H) District pursuant to Section 12-11- 4: B:D, Application Form, Vail Town Code. � Vail Land Use Plan (in part): CHAPTER ll — 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 �he second meeting. The goal statements were developed fo 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 �eview 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: � 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. 1.2 The qual'ity of the environment including air, water and other natural resources should be protected as the Town grows. ' 10 VI. 1.3 The quality of development should be maintained and upgraded whenever possible. 1.12 Vail should accommodate most of the additional growth in existing developed areas (infill areas). 2. Skier /Tourist Concerns 2.1 The community should emphasize its role as a destination resort while accommodating day visitors. 5. Residential 5.1 Additional residential growth should continue to occur primarily in existing, platted areas and as appropriate in new areas where high hazards do not exist. 5.3 Affordable employee housing should be made available through private efforts, assisted by limited incentives, provided by the Town of Vail, with appropriate restrictions. 5.4 Residential growth should keep pace wifih the market place demands for a full range of housing types. 5.5 The existing employee housing base should be preserved and upgraded. Additional employee housing needs should be accommodated at varied sites throughout the community. PRELIMINARY ZONING APVALYSIS Staff has completed a preliminary zoning analysis based on information provided to date. As additional information . and is provided by the applicant, Staff's analysis of the proposal may change or be updated. Address/Legal Description: Parcel Size: Buildable Lot Area: - Existing Zoning: Land tJse Designation: Hazards: 501 North Frontage Ro�d West, Lot 8, Block 2, Vail Potato Patch, Filing 1.0 acre (43,560 sq. ft.) .511 acres (22,259 sq. ft.) Housing (H) Medium Density Residential 40% Slope; Medium Severity Rockfall Development Standard* Allowed/Required Existin Lot Area: Setbacks All Sides: Per Development Plan 20', or Per Development Plan Front: Side: Rear: 11 43,560 sq. ft. 20'* 20' 20' - ... -. No Change 36' 15'** 85' Building Height: Density: EHUs DUs Per Development Site Coverage: Landscape Area: ■. . Loading Per Development Plan Per Development Plan 30% total GRFA, or Plan 23,958 sq. ft. or 55%; or Per Developrnent Plan 13,068 sq. ft. or 30% 133 spaces; or Fer Development Plan 2 berths; or Per Development Plan 36' 24 EMUs 0 6,100 sq. ft. or14% 37,460 sq. ft. or 85% 27 spaces 1 berth 84' 82 EHUs 0 13,000 sq. ft. or 30% 30,560 sq. ft. or 70% 77 spaces*** 2 berths Note: * Improvements on the south side of the property currently encroach into the front 20 foot setback. ** Improvemenfs proposed on the west side af the site will encroach into the 20 foot side setback; the PEC may, at its discretion, approve variations to the required setbacks. *** Of the 77 parking spaces proposed, 69 spaces are covered/within the building (90% of total provided); 57 spaces will serve.82 employee housing units and 20 are proposed to serve 4,850 sq. ft. of office uses. Total parking provided for residential uses averages .7 spaces per employee housing unit; .38 spaces per bed. VII. SURROUNDING LAND USES AND ZONIiVG Land Use Zoninq North: Open Lands Natural Area Preservation District South: CDOT R.O.W. N/A East: Open Lands Natural Area Preservation District 1Nest: Public Schoal General Use District VIII. DISCUSSION ITEMS The purpose of the work session is to discuss general concepts pertaining to the proposed density, use and zoning of the project, as well as the site development standards such� as setbacks, lot area, site coverage, bulk, mass, and height of the proposed structure relative to compliance with zoning and master plan provisions. As a reminder, and pursuant to Section 12=61-10, density control (units per acre and GRFA), building height, lot area and sited dimensions shall be as prescribed by the Planning and Environmental Commission in a site specific development plan. At this work session the applicant and Staff would like to review the larger question of whether or not the proposed bulk, mass, and height are appropriate for the site when taken in context with its surroundings. Staff would suggest that the Commission take into consideration the overall goals of the Town relative to 12 tlie provision and facilitation of employee housing within the town boundaries. The Town goals and palicies clearly suppart the provision of high quality ernployee housing within the Town by private entities. However, Staff encourages the Commission to evaluate this proposal based on development and design standards established in the Town's master plans and Town Code, and to adequately judge the appropriateness of introducing this design — the proposed bulk, mass, building and roof forms, setback and parking variations and height - on a highly prominent site encumbered by constraints and surrounded by open space with virtually no significant existing vegetation to aid in blending the strucfiure to the site. Staff believes that this project will have positive impacts, overall, on the community and that the project is supportable via numerous master plan goals and policies. Staff has outlined several topics below, aimed at guiding a qualitative discussion between the Commission and the applicant regarding tiie building and how the Town might effectively work with the applicant to resolve any potential design and development related issues. Staff will address each of these topics and request that the Planning and Environmental Commission provide any feedback on the topics. This feedback will be utilized in preparing a request for final review of the rezoning request, development plan and conditional use permits. Conditional Use Applications and Review Criteria The applicant proposes three separate "conditional uses" within the project. Although the Housing District is intended ta "provide adequate sites for employee housing..." Type VI Employee Housing units are allowed only as a conditional use. In addition, the applicant requests review of conditional use permits for: Public Utilities Installations including Transmissian Lines and Appurtenant Equipment; and Professionai Offices. Criteria to be considered in evaluating the Type VI Employee Housing and Utilities Installations uses are as follows: 1. Relationship and impact of the use on development objectives of the town. Staff response: Staff believes the proposed development generally meets several development objectives of the Town. Specifically, the applicant proposes to replace aging employee housing currently of limited benefit to the applicant and to.the_Tawn, and to replace that housing with 82 new, deed restricted employee housing units of varying sizes within the Town, and within close proximity (walking distance) to the Village. The development is located in close proximity to public transportation routes, vehicular and pedestrian transportation routes. The following goals from the Vail Land Use Plan are applicable: 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. 1.2 The quality of the environment including air, water and other natural resources shauld be protected as the Town grows. 13 1.3 The quality of development should be maintained and upgraded whenever possible. 1.12 Vail should accommodate most of the additional growth in existing developed areas (infill areas) 5,1 Additional residential growth should continue to occur primarily in existing, platted areas and as appropriate in new areas where high hazards do not exist. 5.3 Affordable employee housing should be made available through private efforts, assisted by limited incentives, provided by the Town of Vail, with appropriate restrictions. 5.4 Residential growth should keep pace with the market place demands for a full range of housing types. 5.5 The existing employee housing base should be preserved and upgraded. Additional employee housing needs should be accommodated at varied sites throughout the community. Staff believes that the applicant and Commission should discuss the larger issues related to the actual capacity of this site to absorb the proposed density (EHUs), in relation to the Town's goals to provide sites and to provide incentives to support private, affordable employee housing development by private efforts. 2. Effect of the use on light and air, distribution of population, transportation facilities, utilities, schoo/s, parks and recreation facilities, and other public facilities and public facilities needs. Staff Response: Based on information submitted for review, Staff believes that the development will have little or no adverse impacts on light and air, distribution of population, transportation facilities, utilities, schools, parks and recreation facilities, and other public facilities and public facilities needs. Specifically, staff believes that the provision of increased employee housing density in close proximity to the Village and employment centers, public transportation, vehicular and pedestrian transportation routes, a public school, public park and recreation facilities will generally have beneficial impacts on the overall community. These issues should be evaluated by the Commission and the applicant should be prepared to discuss iflformation provided such as the proposed employee housing management plan and the�parking management plan in relation to the larger issues of how this development will not adversely impact Town services, facilities and facilities needs. In addition, the applicant shoulcl be required to provide further information and evidence — a traffic impact report — demonstrating that the development will not adversely impact public facilities and/or public facilities needs in the future. 14 3. Effect upon traffic, with particular reference to congestion, automotive and pedestrian safety and convenience, traffic flow and control, access, maneuverability, and removai of snow from the sfreets and parking areas. Sta� Response: Based on information submitted for review, Staff believes the development will generally have positive impacts upon traffic congestion in the area. Specifically, the provision of increased employee housing density on this existing residential site, in combination with limited parking available on site, will encourage use by residents of public transportation. In addition, the design of the driveway, inclusive of a hammer head will enhance the ability of vehicles, including emergency vehicles, to maneuver on the site. However, the applicant should be required to provide further information and evidence — a traffic impact report and revised site and landscape plans showing all proposed turning radii, maneuverability and adequate snow storage within the site — demonstrating that the development will function (internally) and not adversely impact automotive and pedestrian circulation, safety and convenience off-site. As well, the applicant and Commission should discuss how the parking provided on site, for residents, business operations and guests, will provide a safe and efficient relationship with traffic on North Frontage Road. The provision of a hammer head should be evaluated to ensure that the design prevents or eliminates the need for vehicles to exit the site in a reverse gear on to an arterial roadway and bus route. 4. Effect upon the character of the area in which the proposed use is to be /ocafed, including the sca/e and bulk of the proposed use in relation to surrounding uses: Staff Response: Based on the information submitted for review, Staff believes that the proposed development will generally have a positive effect, overall, on the character of the surrounding area. Specifically, although the bulk and scale of the proposed building well surpasses the existing Solar Vail structure on the site, staff believes that the applicant has designed the building to fit the site and to accommodate a significant amount of building (space) program. This has been accomplished while working with a relatively small site with fairly significant constraints, such as slopes in excess of 40% covering approximately 50% of the site. The bulk, scale and massing of the building generally aligns with tha contours-of the site. Benching the building into the site would require a variance to develop on slopes greater than 40%. Benching or stepping the foundation, building and roof forms into the hillside would also impact the financial viability of this privately financed project to provide employee housing within the Town. The applicant proposes a type of construction (concrete form) that is cost effective and sustainable, but that may not allow for maximum flexibility in design options. . However, Staff is concerned about the introduction of an eight story mass on this highly prominent site. Again, for the above stated reasons, Staff understands the applicant's approach to the design of the proposed building. However, Staff believes the applicant and Commission should discuss the larger issues related to effective and efficient development of the site, with specific attention paid to to any alternative massing of building and roof forms to better "step" the building up 15 the site. Inherent in this discussion should be the Commission's feedback relative to a potential variance for development on slopes in excess of 40%. Critical to this discussion is the need for the Commission to provide clear direction and feedback relative to the overall bulk, mass and absolute height of the proposed building prior to the applicant proceeding forward in the development review process. The applicant should be prepared to provide justification and evidence supporting the proposed design of the structure relative to the surrounding neighborhood. 5. Such other factors and criteria as the commission deems applicable to the proposed use. � Staff Response: 6. The environmental impact report concerning the proposed use, if an environmentat impact report is required by Chapter 12 of this title. Staff Response: Staff does not believe that an environmental impact report for this project should be required. Development Standards and Criteria Pursuant to Section 12-61-13, Development Standards and Criteria for Evaluation, Vail Town Code, the following development standards and review criteria shall be considered in any evaluation of the project IBuilding Design Building design will be evaluated with respect to architecture, character, scale, massing and orientation to ensure that the building is compatible with the site, adjacent properties and the surrounding neighborhood Functional Development Plan Buildings, improvements, uses and activities are designed and located to produce a functional development plan responsive to the site, the surrounding neighborhood and uses, and the community as a whole Open Space and Landscaping The applicant has submitted conceptual site, drainage and landscape plans. As plans are further developed, such plans should be coordinated to ensure that all site disturbance is mitigated, all site drainage does not cause adverse impacts on neighboring properties and that proposed re- vegetation (new plantings) is proposed in areas that will have the highest benefit for the residents of the proposed development, as well as for the neighboring property owners and general public. Specifically, plans should be developed to ensure coordination between existing and proposed site grading, retainage and drainage. Existing and proposed erosion control and re-vegetation (new plantings) proposed should be responsive to the . site, and should address concerns expressed by neighboring property owners and the Planning Environmental Commission at the work session held on August 27, 2007. 16 Plans should be evaluated to ensure that all landscaping and open space is both functional and aesthetic, is designed to preserve and enhance the natural features of the site, maximize oppartunities for access and use by the public, provide adequate buffering between the proposed uses and surrounding properties, and when possible, are integrated with existing open space and recreation areas. Staff believes that the applicant should r,evise the conceptual landscape plan to incorporate more plantings on the south and west sides of the subject property, and perhaps on the neighboring property (with express approval from the property owner) to provide additional buffering and blending of the structure with the surrounding area. Pedestrian and Vehicular Circulation The applicant proposes pedestrian and vehicular circulation systems whicli address internal and external circulation needs. The plans show an improved access drive, staging areas for Fire Department use, a hammer head designed to allow proper maneuvering and exiting, and short term surface parking spaces for office uses. The plan includes two levels of structured parking for residents and office uses. The plans atso include new concrete pathways and stairs which provide access from the existing sidewalk along North Frontage Road. This configuration also provides for better separation of employee housing uses on the site from the adjacent school property, by routing residents of the Solar Vail building directly to the sidewalk rather than encouraging continued travel through the school site. Plans should be evaluated to ensure that all improvements are designed to provide safe, efficient and aesthetically pleasing circulation to the site and throughout the development. Environmental lmpacts Environmental impacts resulting from the proposal have not been identified. Staff believes that an environmental impact report for this development propasal is not necessary. as this is a fully developed site today. Nowever, the Commission should determine if the project will require an environmental impact report. Such report, if required, should include any and all necessary mitigating measures, to be implemented as a part of the proposed development plan. _ __ _ _ . _ __ _ Access to Site The applicant proposes site access from the existing road/curb cut along North Frontage Road. While maintaining this access point, the proposed driveway will be re-aligned slightly, causing additional disturbance (grading, excavation, retainage, paving and planting) on the adjacent Town owned property (Tract A), which is zoned Natural Area Preservation (NAP). �The applicant has obtained a"permission to proceed" through the development review process from the Vail Town Council (i.e. the "property Owner") to allow for improvement on Tract A. As well, the Applicant may be required to obtain an access easement from the Town for any re-aligned driveway access across Tract A. 17 In addition, the applicant must commence all necessary planning and permitting necessary through CDOT and any public utility for any improvements within rights-of-way and platted utility easements. Specifically, an access permit from CDOT will be required for any additional road cut along North Frontage Road. Additional Water Taps for Site Staff suggests thaf the applicant contact the Eagle River Water and Sanitation District prior to any further submittals or review for this proposal to ensure that the District has adequate public facilities (water and sewer capacity) to serve tlie development. Development Standards and Variations Staff has performed an initial review of the proposed project for compliance with the development requirements of the Housing (H) District, Section VI of this memorandum. Within this analysis Staff has determined that this proposal is in general compliance with the development parameters for setbacks, site coverage, and landscaping. However, the following issues of non-compliance and/or variation (requested) should be addressed during this work session: Parking and �oading Variation The Applicant is proposing to provide 77 parking spaces rather than the total spaces 133 required pursuant to Chapter 10, Off Street Parking and Loading Standards, Vail Town Code. This produces an average of .7 spaces per EHU and .38 spaces per "bed". Parking for residential (EHU) uses is proposed in a tandem configuration within two levels of structured parking. Parking for office uses (20 spaces) is separated from residential parking. Pursuan� to Section 12-61-8, the applicant has provided a "parking management plan" (Attachment D) outlining and addressing self imposed deed restrictions to limit the number of vehicles permitted per tenant (or per unit), and defining how the shared tandem spaces will function. StafF believes that the applicant should be prepared to justify the requested variation to parking standards. Specifically, the applicant. should present all supporting documentation, including the proposed parking plan, necessary to justify the requested variation. The Commission should provide specific direction and feedback to the applicant as to the acceptability of the proposed parking plan. By way of background, the Commission provided direction at their August 27, 2007, that a variation to parking standards was appropriate, in conce.pt, in order to facilitate development of privately funded employee housing within the Town. Improvements within Setbacks and Easements The applicant proposes to construct below grade (covered) parking and above grade building improvements within the 20 foot setback prescribed in the Housing (H) District. Pursuant to section 12-61-5, the Planning and Environmental Commission has discrefion to approve "variations" to fhe setback standards during the review of : a development plan. Section 12-61-5 states the following: "The setbacks in this district shall be twenty feet (20 j from the perimeter of the zone disfrict. At the discretion of the planning and 18 environmental commission, variations to the setback standards may be approved during the review of a development plan subject to the applicant demonstrating compliance with the following criteria: A. Proposed building setbacks provide necessary separation between buitdings and riparian areas, geologically sensitive areas and dther environmentally sensitive areas. B. Praposed building setbacks will provide adequate availability of light, air and open space. C. Proposed building setbacks will provide a compatibie relation�hip with buildings and uses on adjacent properties. D. Proposed building setbacks will result in creative design solutions or other public benefits that could not otherwise be achieved by conformance with prescribed setback standards. The applicant has provided a written response to each of the above listed criteria entitled Side Setback Variance Request for the Housing (H) District (Attachment F). Regardless of any future variation approvals, Staff recommends that the applicant commence with all required planning and permitting with the Eagle River Water and Sanitation District regarding any proposed improvements within platted easements and the status of any live utilities: Further, Section 12-61-8, Parking and Loading, Vail Town Code states the following (in pa�t): � "No parking ar loading area shall be located within any required setback area. At.the discretion of the Planning and Environmental Commission, variations to the parking standards outlined in chapter . 10 of this title may be approved during the review of a development . plan subject to a parking management plan." The applicant proposes to construct portions of two surface parking spaces within the front and side (west) setbacks. Employee Housing Plan In accordance with the provisions o.f the Housing District, the applicant has submitted a conditional use permit for Type VI employee housing units. Pursuant to Section 12-13-3, the applicant has provided an Employee Housing managernent plan for review by the Commission (Attachment E). Section 12-13-3, sub-paragraph E, Vail Town Code, states the following: E. Written Management Plan For Type Vl EHUs: For the purposes of this title, a type VI EHU is an EHU which shall be governed by a written management plan or other written program approved by the planning and environmental commission. The management plan is the principal document in guiding the use of a type Vl EHU. The management plan shall be reviewed and approved by the planning and environmental 19 _ commission as part of the condifional use permit application for a type Vl EHU in accordance with chapter 16 of this title. 9. Management Plan Contents: a. Parameters: The management plan shall include a1l relevant material and information necessary to establish the parameters of the type Vl EHUs. � b. Exclusive Use: The management plan shall demonsfrate that the type VI EHUs are exclusively used for and remain available for employee housing. c. Notice Of Record: The management plan shall provide a mechanism to provide adequafe notice of record to prospective owners to ensure that the reguirements of the plan shall be met with any future changes in ownership. d. Occupancy: The management plan shall include adequafe provisions to ensure that the EHUs shall be occupied, and shall not remain vacant for a period to exceed three (3) consecutive months. e. Affidavit: No later than February 1 of each year, the owner of a type Vl EHU shall submit to the department of community development one capy of a sworn affidavit on a form from the deparfinent of community development, to establish that the EHU has been used in compliance with the management plan. f. Other ltems: The management plan sha/1 include such other items as the planning and environmental commission or the administrator deems necessary." Staff believes that upon initial review of the proposed plan, the plan addresses each of the above parameters or criteria. Specifically, the plan outlines fhe number and type of employee housing units to be provided within the development and specifies that such units will be for rental purposes only. The plan specifies that rentals will be controlled by the applicant's property management company, to be housed on-site within the proposed professional office space. The plan calls for priority to be given employees working in the Town of Vail and for rents to remain "attainable". The plan calls for all units to be deed restricted per the Town of Vail requirements. Deed restrictions, to be recorded prior to the developer requesting a Certificate of Occupancy for the building, will be "by unit". The plan specifically addresses deed restricted units existing today within the existing Solar Vail building. These units total approximately 5,730 square feet. These units will be replaced in tfie new development and will be deed restricted under a"bl�nket" type deed restriction. The plan proposes to link office space (4,850 square feet proposed) to employee housing units through deed restriction assignment. Specifically, the proposed office space will generate a mitigation rate of 3.1 employees. Therefore, the applicant proposed to dedicate or assign 3.1 beds to the building owner. The plan specifies that the type VI EHUs will exclusively be used for and remain available for employee housing. � The plan should be revised to provide more d�tails regarding provisions to ensure proper and optimal occupancy. Hazard Areas The subject property is located withiri areas identified as "Medium Severity Rockfall" on the Town of Vail Official Rockfall Hazard Map. As such, the applicant will be required to submit a site specific geologic investigation prior to or concurrent with any application for a building or grading permit on the site. Requested Outcome of Work Session At this work session the Applicant and staff would like to review the larger question of whether or not the proposed bulk, mass, and height are appropriate for the site when taken in context with its surroundings. Staff would suggest that this proposal be reviewed in liglit of similar development proposals for employee housing, such as Middle Creek, and that the Commission take into consideration the overall goals of the Town relative to the provision and facilitation of employee housing within the town. Additional Information and Review Requirements Additional information and/or processes may be required in any subsequent submittals in order to adequately address the following issues and/or requirements: 1. Parking, access and on-site rnaneuverability 2. Site and Landscape Plan design elements 3. Grading, drainage and erosion control design 4. Traffic Study - in conjunction with CDOT review and approval of additional access point 5. Building Height Calculations — Roof plan indicating all existing and proposed ridge elevations, drawn over existing and proposed grades 6. Sign-off by all beneficiaries for any and all proposed encroachments (improvements) within any and all easements of record IX. REQUESTED ACTION As this is a work session to discuss the proposal conceptually, no action by the Planning and Environmental Commission is required at this meeting. However, Staff recommends that the Commission provide clear and specific feedback and direction to the applicant regarding the proposal in preparation for any future review meetings. Specifically, the Commission should provide direction on: • Building height • � Building bulk, mass and forms (composition) p Requested setback variations o Requested parking variations and on-site maneuverability • Requested conditional uses Staff also recommends that the Commission specify any additional information or analysis to be provided by the Applicant for the purpose of any final review of the proposal. 21 XI. ATTACHIVIENTS A. Vicinity Map � B. Document describing the project entitled Tear pown and Re-build of Solar Vail Employee Housing, submitted by GPSL Architects and dated January 28, 2008 C. Copy of proposed plans dated January 25, 2008 D. Parking Management Plan E. Employee Housing Conditional Use Permit Written Response and Employee Housing Plan F. Side Setback Variance Request for the Housing (H) District G. Letter from the Town of Vail Public Works Depattment, dated February 14, 2008 22 Attachment A � a � �4ftachment B Scot Hunn Town Of Vail Community Development 75 South Frontage Road Vail, CO 81657 January 28, 2008 Re: tear down and re-build of Solar Vail Employee Housing Scot: Please find attached our PEC submittal package for a proposed tear down and rebuild of the Solar Vail employee housing building. The rezoning from HDMF to H zoning has been approved as has the ability to have an office use as a conditional use. The existing 3 story flat roofed building contains only 24 units of which only 11 are currently deed restricted. The Owner would like to tear down this tired and dated building and replace it with a new building that contains 82 employee housing units that are more closely aligned an size and type with the recently passed employee housing regulations. These units would be for employees of the Sonnenalp Hotel and some of the deed restrictions may be sold to other developers who need to satisfy employee housing �requirements within the TOV. Alm.ost all of the parking for this new building would be covered and we would propose to maintain and improve the landscaped berm that currently exists along the south edge of the property. We have raised the building so that the deep cuts (and resulting retaining walls) in the hillsidebehind the proposed new building have been eliminated or minimized. We have made some changes to the proposed building since the PEC worksession. We feel that these changes are evolutionary in nature and have not materially altered the concept for our building. 1. In response to coxnments from the Town Council, we have redesigned the access driveway so that a minimum of TOV land is disturbed. We axe proposing to keep the curb cut in the existing location and bring the access driveway across the front of the Gwathmey Pratt Schultz Lindall Architects, P.C. 1000 South Frontage Road West, Suite 102 0 Vail, Colorado 81657 ■ tel: 970.476.1147 fax: 970.476.1612 info@gpslarchitects.com � www.gpslarchitects.com ��, r � ; Scot Hunn- 28 January 2008 Page 2 Solar Vail property. As there is no room on the site for a turnaround, we are proposing a ha.�nlnerhead at the foot of the driveway. We have reviewed this with the Vail Fire Department and they are in agreement with the concept. Preliminary design drawings are included in our submittal. 2. A consequence of item #1 is that we lost a significant number of surface parking spaces that were shown previously in the front setback. To replace these spaces, we have added a second level of covered structured parking that is accessed at the west end of the property. We now have only (8) parking spaces in the front setback along with (2) spaces for loading and deliveries. Of the 77 total parking spaces proposed, 69 would be covered (almost 90%). Per the TOV requirements 20 of these spaces would be reserved for the office spaces. The ratio of the remaining parking spaces to EHCT units is now at .7 spaces per unit. .All parking on the north side of the building has been deleted. This serves to eliminate the ramp through the building and most, if not all, of the tall retaitiing walls shown previously on the north side of the building. 4. Item 3 above also provided the opporturaity to add more EH[J units to the north wing at the office level. 5. In response to comments from the Town Council (and others) requesting that we maximize the number of EH[J's being constructed and in response to comments from potential leaseholders, we have deleted the lofts in the top floor units and replaced them with corridor-served units on the top level. To accommodate these units, we increased the roof pitch from 8:12 to 9:12 and made many of the dornners two stories tall. The ridge heights increased by only a few feet over what we had presented previously. The total number of units has increased from 63 to 82 and the number of "beds" has increased to just under 158. The unit mi�c is now a more balanced mix of studios, one bedroom units, two bedroom units, three bedroorn units and 4 bedroom dormitory suites. 5. The office space has been enlarged slightly but the 4847 SF of net area proposed (5708 SF gross) is less than 10% of the total area of the EHCT's. 6. In response to comments from both the PEC and the Town Council regarding the uniform ridge heights of the previous design, we have stepped the roof down at both ends of the building and have also adjusted the ridge heights of the two wings of the building to be different. T'his has reduced the number of EHIJ's by one and has reduced the area available for use by the cell phone companies. 7. In response to concerns voiced by the Principal of Red Sandstone Elemantary, we are showing that pedestrian access to the sidewalk along the Frontage Road will be via a stair extending down to the Frontage Road. Most of this stairway will be in the CDOT ROW so there is no guarantee that they will allow it. This route will provide neither the shortest nor the easiest way to access the pedestrian bridge over the interstate or the TOV bus stop just below this bridge so we are doubtful that it will stop the residents of Solar Vai1 from crossing School property. A more effective solution, to construct a sidewalk along the lower leg of the school access drive, will require cooperation from the TOV, the School District and CDOT since it is totally outside the boundaries of the Solar Vail property. We wi11 attempt to facilitate this dlalog as we get deeper into the process. Scot Hunn- 28 January 2008 Page 3 Prouosed Development Standards a. Lot size: 1.0 acres (by deed) .979 acres (by survey) b. Density: 82 EHtT units per acre. 0 dwelling units. Total density = 0.0 c. GRI'A: By definition, zero. Gross floor area of EHC7's not to exceed 60,000 SF d. Site Coverage: not to exceed 13,000 SF (approx 30%) e. Setbacks: existing: 20' front, 20' sides, 20' rear. Roof overhangs into the setbacks proposed for front and side setbacks. Completely underground parking into the west �side setback. f. Building height (to current existing grade): not to exceed 80'-0" to roof ridge. g. Office space as a conditional use: Not to exceed 6000 gross SF. This is less than 7% of the total proposed building area and approximately 10.3% of the total area of EHU's. h. Parking and Loading: 77 total parking spaces: 28 compact, 69 in structure, 20 allocated to office space. 2 loading spaces. Due to proximity of the site to the Village cores and TOV bus service and based on the anecdotal evidence seen at Middle Creek, less than 1 space per unit would seem to be adequate (.7 spaces per EHL7 provided). Office parking meets TOV requirements. i. Parking in the front setback. 8 total spaces: 5 compact. 2 Loading spaces. j.. Construction in (already disturbed) 40% slope: 423 SF This number doesn't mean much as we have stepped our floors so that there is almost no building area that is more than 10' into the hillside. k. EHU Standards: At the top floor, we are not able to meet the minimum floor axeas required by TOV standards for every unit. Per the attached schedule of unit sizes and "pillow" counts, we have pro-rated these units at a ratio of 350 SF/pillow. Scot Hunn- 28 Tanuary 2008 Page 4 Scot, there are several processes that need to be addressed by this application: 1. Approval from the TOV for the curb cut and drive on TOV land. 2. Conditional use approval for the proposed office space. 3. Proj ect approval. As we have discussed, we are asking that you waive any requirements for a model. WE will attempt to present a 3D rendered fly-around at the hearing that will give a better feel for the relationship of the building to the site. Please let me know if you need more information. Thank you, Henry Pratt, A.IA GPSL Aschitects , K� .. , � , � '' � , � �. '�. .. t. . ! . ^�. � . .. � ,�e�'��Cili'Y'lE�t"Bt C I' . N -� 1 , . . � �-- -,.� : . i 1 , � z ,� z �'It ,- / � - . : 1 ,. a � � ��. :. om ..� . ��._' 1. ;' • .. � • ' / : �. 1 ��.1 \ �` / ' �O t� � j. , :/�' .. I 1 r t� ' \ . � . , � ' ° , �` , .. � ', . ,���. .: . /.. . � 'L'� :' �--� . /: . ,S i :l � : ! � �/ 1 . . �'�(� � � �, . : N ; � r . ,.' .1:.. f il�,�� �� '� > ' � V� � �.I. � � 1 t ` � " � ,, ��I' j�� �\. ( i :�;.� �l�r �!I(l..jl,-i.�I�•j�.I�Ii(I.I� � . a .. �� I. �i�j�t .�ti — �°`,� ; ;,1� �i � � �:, � .,, �,. ;. ,; , . .:� ,.1.�1(.�/,1l /I i: l.j.� . , ; .. . ,. , ,� � � .�; 1., , � , / ,;/,.� , , � ��� ,.: � � , ► �.►�' ,�;; ��:���l�i, i!� � ; . � ,. �. � ; �� � � , � : �,�-.: ;.� .;: ,: .., �� � � , , �r� i, � :. , .,_�� � � .� _ ` ii��ii���rif i, ii: ji���� .�; , .,. - � , ' �, �I<.` t l � '° N.� i . �. . �.;`,a ��:��,� , II -:;: `�' �. � r��i°IflGmll.11oi.��:�o�,��'�. rll��lt - � � . � " � ���. ._ l �,�I.. 4 ;1 -� ��j �r .'I) (:��. � J- �f � �. �li;$Il , .. �:, �g..� ll:l���'.,., � ,�.:�.`� ,. � t� f�l.Il.fl.l,l �:ll:r l�i,l , �,. �� � �. �. .. � �i. �'o. � r �_ :. .!: �. L�.;,::, .�)�� „ li� tr�. , . . �1 �..� ,,...� I�,. : .. , ; .. �..'. ,I{lfi. �I;,, ll.l i I rli� �:� . . ,.Il . � , ',:. :- � !.:.1 :: jl.:l�� �.1�;�� .. ,. p_� rl .: ,, ._��..: � ;. I� �� I ���Illl-i �1�,�� .��I� ll'1��/�� . : : � � � � �� �, � .,;N , p� � .I : , �� i.il i, i �,,r ;i, . ,� � � . m � :. . , , -. . �� ��E . : � �.:. i � f, I I.ill !I-!I I�/.�� I111 � J J . ; +., . :, , � 1 , � 1, , � - i. ,i , � .; '; I, ll� . . � ,. . . ! . -- . ` � `:II �. , 1� , ::E�� � �� I I�II IcI� ll,l.%��l �' , � �l.%. �:. � �d. ... ., ,,.. � � ,. �,,.. � . i��:...• , � ii. i'�. �.�7 ��� .� � Il�t I II,Ii�l:�l/% ; �,r ;l /�. . ; . ,, // ,. : �. . . � .�� ., - - �m�, ,: ,e , �i;, �,�� , , : q�1,l��lllqllll � � � f. � ,i. I:,. . 11:-�t� �i:'. ; �.�:.'. ;r !�'�;i��! '�ll lil ° l �;, , I l. . . {. n ' . � � r . F�� � � . � .: � . � . �1 � . .�'!:`! 1.C:�:1,� �y ` - ;.;.: ;; �% '�-r;, ��� . ( '. �!l�I i.l�'� l�/, , � . �. �� �= ��. � i �� �ii �l �,`' ` � i,i�I r( � � ; N i � �� , !' ( r �., ; �,` ' �I_,�,li. 1.r. `� m 11 �..� ll(irlr�///,/Jill ; ..�I� . . ' � I / '� �; � ' F .� j� - i�� �� � ��;�,.,� �� , � l 1����11 rii ►�!; ; % , ii , r � � � �� � , � l � � E r. i -�i� Q , . � � . - — - :-� --': �: � �1��= �,�� � �l �lii I���i�ir�i. ��:�.,..;1.:11 I{�i J� m j � � - 1 ,�' �' ( „�,i I � � .��.'li i�. ..,'d.:(g :. : � �: \i1 �� '' : � , ' z o�� I� g a� �"� i. � i � � . - .� .. � :1 � �. � : � � � � � ��: �: :; , : . ; .�o� � . A .� I: I�,.�.�.s : : i W '�>�° .a€..��• • .. .. ... l. � ...i . � . i s �.. ! � : ,.� �,�. I � , _ o� �� � � - p 1��1'. �_ �p �A� � I ' :� - • . �: ,g . o� �i �•V ,,;, e � . �nl � ,�. � ,i.� ✓�1 �. �.�I i � , : � .� _ I j �s '�;� . '� I � I � � i �� p � �� ,. ; �°�� '�.''�o Q ' �.t.�. ".\a�: ���� .. l�. . . . `: - .. I. �1 �� ��°t. "�� . � � ilj;l I. �� � : . : g �. �.::. ' I ; I�. �� ,� ( }i � '(?; (. �; � . , -. - . � ,1.- N� : �:; � �: {; �':) i. . . � � I j:� ! :. � � :� .� � �:� �,: � �a iq, I � . - � . .. ' . ' . ;. . '. '. � ' ' ',, ' L 1 . . . � .. ..�' ' .. ;:. � N.�:I ...' .�I �.�,�: .�.�������''�''��.'j!�I..I. . ...�'� �. '�, .. � . . . . . . � .:.I.��.. :.�� .: ., �..,I�. ��;1 . I . . .. ,. � f �, � I 41�������I� _ � � ��. l, , L� ;11�. �� � 4 if . it ,� . .� . ,� � i : i.4;.�' I� �I: I;II' , � " II � .'II.. i �`I •( � I I �III�'I(I � '� �--. 1 �.I I I' I a �. �y �... . � �� f � � I I . �. - �� � � ` � I � ;` � � � �i �. __ � .�- i I ; ��I . ,. � 'i i � , i_ i {�, i � �rn� ll I , �.� :� � .� I�.� �1 I�� � � I ' , �C:^. I. V .i, 1 � •:i' .I '. .'.' :� .s �:I� .::� ��'.$�,� : i,: ..�.• ' � I :( ' �� �f �` ' ' . t �, � ` �. �. .. �� z . � q �� I i � I ��� _. .. ' ��' \ �<: . f . .1 I �AA ' , ��- �- ' � � -}t. ��i 1 .' . � � ' � � ' '4'� ti" � � 1 � ��1: � • � � . ( ' 1: J I `,, . `: . iTi . ` � � s ��. � � - SOLAR VaIL" : .. . §��€,.. o _ . irv " _ . � �.H � . ' — � , . � .. VAIL ,co�oruoo ' . � . . g � � . _':. m ' � ( oo.. � H '� ... — PEC:EXHIBIT . . e� ,r. 1 '�- ' ' ` m � I�. � � . ..:. xa vnre � � ncxsoN � ��er .o n � � _ _ 1 �---_... ______/ �°f<�� ' " ' 4'". .. . . i ... . _ � .- . : . . i. . . . � \f�' ♦ .";., .J,._ .. .. ____. __."'_ -( N :7 �' �. il.i � ' I w' I ttl ' � _ ',` Y':��....,r'! i . .. p, ,i i,' i ,.: '� ""iTirj'! _�.�_y��� ' Jf + .. `i' i � ' j'_ i + _ _" ` , rj �, � " � }�hrf # �r� ! � __i.. ' f i I t i �L • � �tl t �' �a' s �''���� -�' 1. � 1'� , � � w ,. yi .a•-)�-7,1. L�� r{5 � ��^" '.,��„` , .�_�i: : , I"�� ;_ - "F� i i i i t r . ' '''f.l{h�`•'i��p' ,i ;'o � J . � � i �� ' � i`1 i �5t -'� � '�--' ` - _ -" - :� ci- � � �Y_.. tt ,' ' e � '� � �� ti'•, ,r'` � i3L•� � - 1 I j�, j i\; a � �'�� �'ii �1��. .�� � Y � �' ` �` � -1 SLOPE UP ' ��'. • �\ �`4�� �;.,, V��'';,� � i5. � . .� ��1 ..t.t��x�t� \��`t+ `� -i mp� �- +� �^a'.,.� rv'1' ,`-� `��. , "1 �j �u . ''� .S� tM , tf . � i:i �` � �. _. '.;h^�` Yl'.1 �:. �, � . �1 � i" �. v�� f Ci A la;a . :°;�` h: 1� i � T ..I_:_ � '� �?>) � {:: 5'S� � �, 5 �� � f r nl _ v `•a.. ::,, , . . . � _ --' �, ' ,;, : �,...,�,� .� t '� 1 <, `. I D '; A i\,,, 1;:_:; i zAr��i'i' i�i ,i i�� ` Z i ,...-°° ..::` � O ` F�-:.,; [:"�=, t�. �y � 1� i ...�"@u 'r N � "r.:f��r.t �4:1 i << p �. �� � � N�Q ts a �� '• t' ;y�. 9`" '� 1 l a' r r m rii „r-' °t � ', 1. 1 I�T' , l- 0� yi�.,,.�,,,� � '` c � t( i� i l t � a; '4 `•, �s �, a a�r 6 ' � � �-�� "+t,� N .. o�D y Z �` ,� '�' �.� �.' I �� * itl . � i�, , r •` � w 4� �' � r.,� 4� , ,.,,. �,��� ,�,,..� ; �� �1'\'•,;, �•:t7:�'� ` � �`; �a �'. F� Y. (� � �� `r-`;- i'�� _� u� . o r= ` --M t.j5i=_``�-1'� t ,�\ p ' „� p ' }t 7 i'�.;). i,:;� 1 1 i,1 �1 �. �� � � Y t' . �` tit::t, .' � � ,: � � r o , �- ��,ry)�1�� i%^ � ,t V, t �q`, � = i ` t � . `F, y ,�� .1 , ',` i `A � . .., . �� 'r, �H, �� ' � `l \ i 2 '� � I � �r�y .,r- } � , ..' � t . ,:4- ' .. � :i p. � 1 i 1 '<< �`,�` �' i,,, �1 �, I y t!!o �� �t v `.I.�''"�: ��'UV�r . i,... _1 1 � i,� ,,`� mA� m`�. ,y r0��. b `ti,` '��1 �i l � ''.` � , \ ��t1 �, U � IN1int Ca N � \ �Q, �;t ' � . :'.1�� �, � 3 � O a m \\ �� 1 �1 �..'_� '� i ;1 � � '� ��. �f �ti�;� p X f a� l, \!` ,M � i• .1 �� �� ��, •a' � ti-'--''' � ;,� ��, ���i, •� ,1 � � 'i , , .h,':� � � � V N Z „ c � . ,� �� .: t��'� =. za�� �� �1\ \, e ' �:. `,:;,' ��.. •,1` � i, � P m ��'1 ,1t , l °� t�', r;• i,\ iS' � �` �, ''`� v d O `: . '•t •',,, � �, ' nj,� ', ��) ' ' O � G � �. � `� . •.ir�.,,��."1�1 \ �.. ,�'j1 �` m 'it t '�; ,y�i-.���}ri�. � '� �i1 ` A '\'•, t t � �, . i�''q �.. � t 1 � t � � . �'y`1 _.y i��.„;:'.�%. , '` '1` .', �� �',:i 1 ' .� �.�r_�`� r 1�;:.4�� i� 1, i� �,, ` i- ,.`, ..�,ili-..���~��`�,.'rS � tiJ �4- Ctu ...; i 'j�;"t '� � i 'v • i - _ �` 1\t Ji�:�"`;'�I;}�.° P.'' _� � ' t 1�,', , , '� �' � ' � �, . �``�:; � .~�?�'�b �ti r `t ` •� . `, � ��1 F o 1 ,�i ` '•! . 1 1 'i• ,�y �� �� �t �'� 1'�.:....�i. `� � A A u i� l �� l � 1 � ? ' NDiit Q� � � ,'i\ i� . i 1� i � ' i� ? � � ..,�;.' � �,1 ,�.� �Y� ������..�` ,',`� � i t' ``• �'�t, `5 � ' �-� � � '� `1 : .N'�� � f.''`•` '�� , ,, '•'�' 3:ai `^ I il � `�� ''- �, I �tt ' y, 't \ \� r � � r.•', '\` � Q �l '�` �� +�'• i�s�;;'' � '� '� , ,�, c \ 'y '�'',,� ,-��,'' ` 4 ` � ; _ -`= ' y��. j `s 't" � , � i t i •'� : �� ... � x; '` � , , {`' 4 � _ �yl, c- "'-• i I ,'i;. l,`' s. ,-! � '� , bl' i. °' rm- � i I_ 4� � .� -t-__.•t� � � � � �; ";p\ .... c � -�p `� � i i t i `5 _.,.¢".'y�.' - ` ,. ' � �' ...) �,� C�z m � i � ` _ . ..,.� 2� , � � . t � !:' j % �t^!� 4 � ��i �1 'l �• �,��� \ �" � ��i . f � � ��� r. • '� '� (�1 '� � i wG .c'•`-�� ,-F � " �� `,, �; ' rn , � (� � , n�' �� �p �� , ',�✓���' ,� � U -°p '`` ,��:��.�,�:.���`�'�'=i'` ` � � 1 �:5,, : _ V�� . i t't l � l` ��,, r,,'�, } �;� : 1� 1- �' �3 � �z� ``� �,`� � 1'�.1.. , I ' ' 1 � � �Ct� o C1 �'� �,, � ��� �� `�;\ ,� l` �p •.,,p�� � � �'i ,1 �dp�5 '�j(ytu -D i 7" �• _, rn 't ', � 5 � �e�.�; , . `,.` i � 't '` 'i y'.4��' I' " `� ��� t\ 1 � 4`1 ',. i i '� . , 1 �.'-�.' `'� '�.` �'•�� 'l� �.' ',ti j i _ �n �Ci� ., •., . t_ ; _ ..5 1�_-ri�; H�fi . � _-�5s�4_v'3' . , D < � �t�,`� =v ��N ��a ��� �z M�D F� � t� 3 N. X '� �� � �� �y ny J' L �� n rF��i �,� � � �� � 1. �k.Iff ' � f ` ���—�`=°�;��T ,: : 1 1 E< � � _I , �-�'. � �, ' f'� . �r� a �p-m �. : f �- tJ eI'' � i� . L 4..`` x��' t;' E F .`�Y�. �4z .�;i! <ry ..�. �kap lE �� . 4 , � 4 �' � t �F` `�`F � j�F\ � �� 1 i t ,`t�E�', �_`\ -�i I t : fn�'.. Ei \f � -,� I t} � r� s t ��� 1 r\ Y �) \' ` t � �y �: : m ....,r: �� �1\' \ \''� W'+r y/ � �, � : � - "� �'�i� 1 I - '� � l � �' ,�•� � ei'; _ : : : , , � : _,,-. ;i:/,.',�`+ ;. �� :'�' ! ,.�,� ; � ji ,•jfl: � , � ( � �. '� ' / 7,' ! {1 1 . ' ��j � '` � . � , � l. �._ i��, ( � f ' �._.��-I'".� j_...}-;-j"',.�� I � i =.�_.�� �'�;ja � i � 1.1 � � t I � � i I�'� I ��1 I I I I� I I i r� �.�4� . i � � 1..i1�..Y•"� �<'1' �� �ni_ny? L�•2��'=y`'•t� i � � 1 I ; I � � � � { i �r�� � �.-,-"'"".` �,. t+rl,%r y �14:: � • �� f ( y;�"_k1 � 1t=„�.a-� i � � '� ! ' ` i ! 1;. ��G, :3 � i � 1 � j I ��� i i i � i;, �� i! i I i j i ! � i i i � I ' ' +'r�� �'c�' , .,��. �, � �r� . . =��;� � ,t -a -�o rn m v .� m -o � v � -a -OO -OO m�-OO a 1D v ��° �-OO t" � � � °'o N o � o � tlt n n. 0+ ; �°. � ��°. � n � a �I N�1l O N � � l0 (l N'� �' "� � �n n o 0 0 �� to u_ � D'o D'n 3 ° � � � �`n � �`n r. � o � N � ' a ¢ N �° ! ar : P�-a� � �? � � � °�!�.:���4� ��� 50L?�R Y?� ( L � o� �� ���P��ji �� NORTH PRONT,�,G� RO�°.D ����� p� ���a� i� V,41L, GOLORADO �Na�£ n — r � \ f� . . r-'�� ! i' t .��:k il I ��'� � �� �� 1,`� ��� �1 I .i` 1 ` + � � i i ` `� t � �� �t\ �� ��. � 1 . i '� ' 1 ��� , , � � . t t` `•1 t '1 . i l+, � `�`1��.ti �,,'1, I :` ,1 ,'1 ,,` ` i , '\ .i � � ` , l`` t, 5 } �', 1 1\ i1,, ' ., . , � '� l �`, \ i , � ' ` � � '`,. `• ''' �;t �'�. .� � � � �� + � ` i � `t � � �:� i .'' t ,tt � ` ' ,'i `` , , � }� 1 � ,. 't � 't i �i1 �t �'` 1 '� '�� t ` �1'�, t '� `�. � `, � �1�1�. ```�t '�� ' ,! �1i` ', ;,; `` L,,1� �� � ,''� ,i� � �r } �} '�� ',� � ,,l , t � � �4 ' � � ,� �''. \ i•. ',` �� �'' �;i �5 � �', . .'t5' . ,`1` '``1 ':tt 4,`` 1`;','i`,,1`, . Y � 1 1�� — 4 4 ` �� `•, '• t i •1`` ;,,L D � ;'' ',`` ` � \ ,t1 , m %�� '�� ','} ',�i � �., �i b �I ��� �1 �:, ` '���'.� ' .4 u�.. ' 1`� � ` ,1' \`` t `t '� �� �1 , r `� � i s i i � � � ,`•�� � t . �$ ;` -... ` ( �� �- `� i I,�� 1�•t 1 � ! 1 l `,1t �� '' t��� f 1 � � � � � j � I � � '� ,�V 1 I �l , . �� , 1 . I . V . � p fi) O ,'" _-'� ly1 p i• r��o ���\ � - --' •-' ���- i;'' ` _..._. --•'�,�41f1"11ft9.��-"'! ( �� �,��' a5 f � ��I � � � � 'l ,�� �f l :' j � {'` �♦'' 1'', {' i �,I �'1 �'` � ;It �I 'i ;'f '`ti ;V 1` ''!, 1't' 'j} ,��` ��+ '' � �' ,t` �1`, � ` ,} ` I '1 .��1 �,'' �,1'+ �,' `,i �,'' �t �,;' ��.} �,1 �i 'f , �1 �,' �`I 1 �' ��'' i {`\'1 �,' t ', 'j �•.) ; {� ' � .� �' � �t ` � t �� �i 1' '' �' ' . j { i f ' '� �,1) �` 11 � t.� �1 � � ; � Sj �l , i �� �� , t ��' ; .� ' , ' �1 ' 1 '� � � ��� 'i I 1 ;' � � ,1� ' '' ''i � '�� ''� � '11 { , '� �` y '{ � i' � 1 �'' 1' �' i ,' i ; � �ti� 1�. ,� i i �� � ', i �i ' � i �} �,��','t ','i � � � �1 ��� ' � t � !t � � ' '� 1 � � ' �. 4 �'' ' �t �i �` { '� '� '� � ; , ' ', � ',t � � ,� i 1� ',4 � ���� I� � 1��� 1 : J I ,' �' �, ,' �' . f j 1 r � . ' , (,t, - , jL_ ; ; � � .�_. ._�.--= . . �:�j�t--`-- , � /r'� 4.1 �.� .i U cs ------!----__� \�� �-- � � ...' i • '+, �' .'t'�'1�S,a„„�-�.-'f',,,"',,.���.. _ {yi .w.,.-. .y�c� A J � ' � ° i "%.�'"'..�ic- .._ ,, t5��' .':!`$+�:t - � �'y'.i _. , : ,� ;� :.�.:�:;.. ���:�. .��:, ; � ��� � \\\ // �. .. � . „ �,����; •. `. �, .�.��:�. .•: ; �- ,`��41 iI ' _ ��'�' --- .__ - .-• 4.l�;VJ������ � 1� 1 . � � � -_ -,`� ��� � �c� , � 1 I - ,'t, , j ;4 1� ,' � I j � -� � , '� � i - - - - +ti'''" .. ' �t 'I ' 'i ' ... . .�Trt �� --�n�n' '� 1y �'ri�rtrtf'iuu �� ; ', i •- : i i i;: i i ___� -��� . ��, ��,� � i . ; �, ! � , , , o - ; 'i ' ti � i � ; � ...................................i...............N............... ,� '; t, �i i i i _ �� • i i ��� '� ;`t a � � ' I �C: , � ` , , � `.y�' � r t 1 ! 1 '1 �'�� ��.' � � � � � I . _ . 1 ,,'� ' ',�' ,�� ' t� t,�i ,l' •i / � � i'dw u u w i `� 1� ,i �i : � , �� •` II ' ' j � 'y ,�� � 1 �'i t�i , � � ..�-- � =�--_..� .__ -_ ' '. , � � ' _---- �i 1 � �1 �; �� ; r; �' ��, I/W 'j, ti w A � � t`� �;j �..� �, . , � ' ;.. � ' '� '' ��` � �� ° `;' N � --- -�� `{ � ; t� .. ' l \ - ' 1 .. P ....�-..,- _-�... -i --.- . .............. . ��� � . .. ' ' I 1 l5 . . ...- ., '=' -------- C� : `� ; '�!1 .I . .: .::�-' » , . . . ' " ..:='�' i : , ... .. . .. .,,.. :. ;�a � i..,.... @ , N A I N �. 4�' �t` ' i i � • � , , • - ,` •� � �, �`� a , �, i 1 . • „ • �, , �•. . . . .� , � . � =-'t , , .... . �. ,:- �" ... --� i'.t '�� t •, �' � ,� l . ..- - ( � , ,.Sj �1 � �� ; .............. ............. , ,, ,`1 `.. �� � w� � � � 11 � '� :i`�'�� ,�� I � y� � 1 ; a� ; �'1 ` r r` i '� ' ,.. ;•. � �` '�1 �1 l;` I` '. . '-�' �_u_��__��r_.v. ._ y N V '" : � f !.-"'". , �� �' :✓ i _ i l:. { • . : � . .::%- A '�, � �.� .. .... . ... .. ........:� P� � ; l.` � ��, �,, �;,1 �t` 5',` . n I m = "� '�^ � � ti' 't�l `'i '�i � - I w m �i - . �� 1 �� � '� . � � �} 'i �` 1`�� �'• , 1 o w - ' � � ' � � � � � �t ' i `� �� t: �•i 1 u a �u+ ' � � y ° .. " 1 � � tc � 4 � ; f ' � �� , ' '� �t !+ !'` 1 � v _U"� � � � j � � � � ���•�,�� �t\��.- � � � ' ',� ,','� ,' ''` � '� •11 } �� 1��� ,1 �,� 4� � D " � '� ( § p O � P ''I � �, ''� - `�r. y \�-! ` " , r� m _ , � � 4 t �I �'t •.l t . N z � V, \1� �i �p m �:: � �I I 't lt i `:,� \ S � ✓�y� (- 1U. p�' . � A� � 'j � 'i � � `^i !c .. '..a ;� t t � ��� , � � � $$ 1 �� � p� - ,�j ' � .� `'� � d z i, F� ,, 1 � a ' `. �� '� �� ` ti ,1 . , e{,} �'. 1 P � � �� y ,,�t';.;.n�^`` I '1 ' � .' ;` `1��� b � .•�� � VY._... f ���, � �, ,;� ;,� � ;� � '�� ,it , � , ;'.y :` �^� m { � 1 , i '� � ,�, � � � I ''j , `, i, '`'•., `, � " ,'•1 ' - � ` �'f ��' i i �I ��1' ';t . ��,' > � i, ..-.W.:. ✓ , I ' : ` ' � ' , �, 1 C1 ' � � ° u n. , f �� I � \` �' S �� �'t''• !` , \r � �� b� I I ` � t '•� � �, �� �•. �'��', w i t j r �� ' � , l � •- � 1, � � _;�::_ \ . 'tl '. ''� �i ,'\ ' ` � w ' . 1 � � 1 ' •• � �' � .�,��.. � . `i {� �i t �'� � �''.� ��� ����` � ,..r-° . . �l � t '� ,� 1 ' :,5 � � � . . . � '� � � ,1 �" � y�:i+�:.> • , � � �; � � 11 1�� � � �t t o .� � i . �, � 1 � � �' 4 11 . �. N r ' ' . ', -� ,.�. n ' • ' , , i yl�, , . , � � , � �� , � t � � ; - N � •, , ', i, � � • �' /.� p� �i' i '. �� , '. ...-' � � , • r � �i � d t , . ,, , l ', ,:.� , �I � � _� _''�i _ - -- � I 1�i ,t rn `� '1 } � }t;'41�,���'t.:�-' ,, ('}d,_1... :"..t�."�I�J1J' ��o / t ` ��` P, . -n.�� t� ��� 1 � \ � � `. ' 't'} . � y�rn ,� � \ � . �"�",.-"r r) �r � , � - • � � �, ��, �� -- --=�" � � F r �� 1 1 .� j , i i � l r m� ` `'��� j , ' f''` `,� j Il� . r' . � ' �i . � r. ` .: f '� ,'l �•. '•i �i` � ; , i � � � �:, Y� �� �t � 1 I � ,� � 't t�i �� � '�5. : _.__'- i, . �\ . . �. , , �1 �� , �', � D�._ ! _. � n ��`a� �' N s �� °A��.;���}'t �s� SOL�R �/,� I L ���' P = o I��;�a��; �� NORTH �RONTf�C�E ROAD ���fl� � I � O � m kr�Il��,�� Y,41L, GOLORADO �N9�� n r � i i i i i i ;:>.: ' ",` . ,:>s���. _ . 9�`i ,''' __ __ _. '� 1 - . U . i ' _— -- � . . �'I i �,L��Y Fl ` ' -- ^ 't ``�t`�' - _ .�------ -- --�-;�.�y.��,':.�- _ ,--.-•---•- .� -.jat.a��r}d i i � '�'..' t.,, .::' �„�� y , ! .',!' `�}��`: ' _� " 1''' t i l � i ; - `~ ";� �` ': ;c%:;:.. ` ,'; � ;', : __ --t� � i •,;� _ = :,�,1 �{ : -. • , . .. � ..... 1�.i . ...- ._. _: lr?yYC��'��...i�� � �'_ .'�f , \\ � ' � .t` \\ ,_ .. �P 'y�, �� /; 'a� '! � i �i `�. � � ��% i. � i•, /�'" ; ' � ,�' ` �- `~ � -� f �� � � I 1 � �' - I,..=•.: �%'�� w I 1 \, 1�` �'` m i ` �,l` � ' i ..._�..�...«..�--' _ P�o a� e�z �� �Is �m `-�� i;��.i t—� i --� ► '� I --� � ���.. i' ., �,, i � �' '' i t ( , ' �' �' �� ,, f',� ,1,i '� � ,t� ,'i L , '� ;i 'i �� 1 i �� �' � � ; .__ ' ' �'� ',', � '� I 1. � �`� i�, � ` ! .-� , ? '`, �� 1 i i i, ' '} { �� , ..} ' '''; i si t ',1 - �' 1� ; ; -- —'�� '1; ''' F '; ., i ' ;� ;'i ��''� ';�� -- ,o�,� t, -� t '� ; 1� j•')', � j' i ' 1 1 j(i' �` �1 ��� :F� . .. � t ,t: ' � ��� � ,� � � 1 � _ ,�t 1 1 i �� �'' I �` � I . ';�r ,� ,''� ''� . � � ` `t �'� 1'1t � , �.. � __.. . � ' , ' tt, , o m ,•. i . '... I � } � 'I , : t�. �. 1� i.....,^ , . ____��' I i , ��� � i t�' i ` ' '\ �'p �'t ' i"` � . � I i,'1 1 �t]i � 1� Il ';, " I A i I i � �I [;� � 1 � `� t 'p, � � o I I I '{ t `�' �� '�j ' ,�I � � `� `�\ ,, '� ,�__ _ r-- i � . � � i t '�� .: �g p i � • , ; ',� �• � — �.� �- � '• � , �i �'� `. ' =n:m �;" 5 I i 1� �I i 1 � `� '�,. �� a+ j ,��+ �� � ''1"'+ ,•r �\ � � ' � i i ,'. `1, 1 u+ 1 0 � �'•, , �•� �, 5 � � � �,�,.�`t�� �� � Q \ ,; ti i , '�i o�, 9 '� n m � . \ f '� � � � � � ` \v� � , 1\ '' �I � ', i, `•� � � � �1 � �',\ in z . •, � � �i..ti1� ^,'�- \ ,� �I � �� � i � ��._ ', �� '` .:, � g �,;.., �,r _;'y�� . s��� . ar'� �� + ; i i :i t ., , �, , � � .�• : e� � j ,1'� �� � b �, i `..'^� . `` 11'� 'i � 1 d�, c: P .� � '� � �� � � s�'. :� � , Q� \ ' � ,� � � ' ��`, b = `•.�y.1 �ti � `i ,,� � i ; ,� , � • , ' ' , r ' 1 4 ''� � � , 'I ,`, `; ,,'1 �` , '',, ; � i � ,', t ,,`�'� ` `'``I �., � , �\ '�� '� � � ' i `; � �i , �,,t' ` �. � �.`,' ' , , � ! � ; �� I 1�i 5, � �� �t�i '} � ,�..� ,\ �'` � `} . � { ,`i t �o , I � �: ' CS'�, � E•:7 �', t } � �`, P' � •,��, �• �,r _t � g �- 'i itii\ `1t'hJ',l ` t'li �S �mm - • . ; � \� t ) � �� �' ',, � Tp u� ,',1 . � , 4 \ 1` ., `,} ♦ � `,', ii 1\, `'l j t� �; 5'`i` `t` , �� . '�� � �, . �I�-..� j '` ', \, � ; {..�' �;,` . ., �` �� r� , ' ,. > O 'r. �'� �� � � , : �ry . � . '�,.,� ti� . .`.O � -11 `'z � '� , `� , -- i '" ' . �_ -I�, 1 n� '�` '\ : i � . ' �. ; .�, .; mn; ''•, �'�;, '�'' � . 'f� �'` a,r"—�',. � `' _. � ' ' � , _ ' ',' ` '� �, ( 1 --'----• y• rn , i� � I 1.,_ _ 1ii�,� � ',, t � `'�\'�.�� '.` � � i� �i,� ��r�' ���`�-/ - .. � r � -' j b� i _ ------= , �� �r . i � 4 , �, .,,{.., ..V:��_ .� . � 't � F.a � � 6•J �� ''� `� � ii - � r ' ; i ��i _ _ _ - ' ', `, i}�, ! � rt--, j � ' f'} � , I '\1 ` `' + t _ ,'` � r' i i i _ _ t� . � , `, . ' � .:�1 f.' c I__ `�,....r 1`� I� � j -- i �1 � t I `t �'i. t 1 I i -- , ; � I ' ` , 1`, '� ,, ''� ' . . ' --.i�. � I ; i ill :�� .. i ; i N {�g `{ t G /� O ` ' I <� � N � 9 4 4�`'i:��;;� ��� ✓��1"�I` Y� I!— ��aaw g � � i� 1��a���i �� NORTH �RONTAGE Ro,4i� ���� � � ������.j ° VliIL, GOLORAL�o �Ne�� � � � � i ' i (! , � �-....._�- 0 __1 � �� � �" C n a �` rn e� ur S �p 3ag ��fi I._.._ -- -...._---_ ...t'--- ' � :_:� iora�;e / ■ �, Do .� : �� I��'� - ;�� �, ������ �.. o �� _ _ �" _... v�i■ r'��� i - . �.����� �i�r � �'. ���3 � C ��, `�� L_� � � �i' J i : m _... � 4rr� � � • �iii(� � _ �i., � J , � 5 , P �''� L'"i�-1 !tti j11 --�4 � � .-'u ' � • . � __'1�1?, ia , .�,.'. p l i� i "_' ; ~ � / C9 i ` \ 1 . a...� �. 'y�� '� �'1 . ; '�...� `�l . 4� t . '' - � . � • : ", 1 '4 ''` ,�. t ~ ` . �..�y^ �sii� .. �� (jl \ . �} � .';..{'^ a � ��,y �:�Y+. �1�;.� �^�:h„�o�'=' t�'�a t ,� �, � " li �� �,,,` ��_�.! , \y'�J ',� 1, ?`�. \\ : ,j' ' 1'i� ,,•,,,�� � �.:1...., � �\ ,�a '.t '`\... .- , ,^.. -.� "� `'� ' 1\ `',a } �... "�,.�` -•\� �t ''` 1`, `� ^ `,' ' "�y,,11 ` ,` � �Y�..t , '�l.F'�ld' �^,� r-ri° �.., `�,➢��� 1 ` ! �ti> >'^�'...z'%'��i7a � �Y 1.53 � ' ��-, l� '.`N ' e1.�,.,, - a � `',� i CY i, ' S 1 ;,A r: P�� ';, '•w '�! . B . . ' �1b, �` y � l',m � � � � � ,�i , ��,� ' � �� ' '� . • � � s, i .. � . � , . . . . . i ;��:t:, � �. �.' ' 1 r � . . , i ', • )`•�' � ! ! . `, ' - , Q , . ``l.` ; :Pl. `� �y�.,..... 1a.- F 'Y,, -\�� �<� ,,• `.,. i' .,i � � � � � �.� ti, �. 1 0 �V "1 �\ '_, ,�• ,` ,� �1 .- t ', .-p:,it' ..-.:r '��..-�,: `� , � � p:,e� � ,� -` � . .Y`� ;.p..05 . r �p.a�". � �..... .. �: ..--�..... � N� ����f`I���'p �� SOL,4R V?�IL ��°a�' g O� � i� ��f9d}�; f� NORTH FRONTAGE R0,4D ���� �g t �3� � ° �/�41L, GOLOR,4D0 �Ne�� � �, ' ���3� � _ �� � �� N —N m � ,� z -Nn b � .r orn m� � °r �N � �� ��� io��-.^�;; �...� - _ N � °g �1�ag ao � ��.g� � N � �4 q�j;ae;���� �F4� 50L,4R. V�41L O = g €g f9°�a4�= t1 NoRTH �f�oNTA6E Ra,4D �;��� � � � g�� � f i� V,41L, GOLOR�4D0 �vg�� � � , r�ia� � �ti1 O �, N �Z b� rn ��rn �r b �j � �R ��� S ,'r �l ''��, 'y' ',q , �, `'' ,k � � �u _ 3��=8_.._._._.� : , , .- t �'..,, � � ' � �\,��� ..- -� � �� -� :.. " _ �� , ; ��—' t .�Y ,' � , .1 . ' D' � , . � ,�.X" �1 1` �1 �y'.� r'�-•p-;95J� .,1�I p,9� i z'_` � � _ � � ��jl,,9���� ��� SOL?�R Y,� I L ��ae� � N � � i�`�����'�i � NORTH PI�ONTh�GE RO,ht7 ����� � O � � � ���'� ( �" V,41L, GOLORf�DO �N6�� °n ��t�� � in ' O a� ` c PJ m (J1 � �z �i d � rn ��rn ur s .� a � �� �� 102'-��b� �N ����r� _ . ♦ ',�..' r^,l,,,j+.� �l �,',� ' }� ';l � ,\ ' ; `'�,. �.. ',� ''1. , ''�.;a ,.�,� . �.. a �"° ! a° t ��`a� � N� �� l�if�`����� jr� 50L�4R Y,4 I L � � j7 � NORTH PRONTACvE ROAD ^� O � �� �s���� � �� VA IL, GOLORf�DO . ����� � --a ���+�'`�° �Ny�� � � �'•- � �� A �O � m� � a �' .� �{ �� ilf ur s �p E �� ��h � io�•-.-as>" _ _ ,,,, I�•.y. � �„ '� ,,y , i:`•. �-k �1 � .;o,,` ,1 ... �1 ,i }� �m =S � � 1N � '� '�t - �4 ,4 ^'�' i9 'a ,' _ .� .\ .. ` �` ',? 1 '.k� '�;` ��, :t— ; _.- 5 5, �iio ' i i% RF�'� � N� �. � l�i;;;l�i�g �►� SOL,4R Y,g I� � o� d� �'�%�( ��i NORTH �RONT,4C�E ROAD ����� � o � ���+�r��� V,hIL, GOLORADO �Na�� � � � O m O 0! -(i o (� j� o Z �� $ �� ��K u m AF � m � � ➢ •� J. � B281'-lala` U • � p m � i iry � 9,L' a � o w � �� I 8.^.9i'-t.1/i w �N P N t U_ 9d2 fP,V6 8399'-4+b`-----' i __' 1�p` � 9�i� l= � iN I 9�1� .9tC-�SbZB '3nH3 9d3 RIDGEi 9308'-I�b" D< i"'�_'_ 9d2 �, .'a [� P fil __' m Ln A D m � i' ...I � A y m 'U �' ro � ( w 1 I RI�E� 850i'-'i'W' u'i S � � O u y �i � i I o- � a� I � I y i.. ._` __ _� o N� f; I i I I — _._.- tl! EAVE, 8299'-47b' -' I ( � ( 'Y l_' __ J L__ __ J ...i __' �? i_' � I � qd2 RIWE� 8904 -'1'ib � � 9�IT �__ EA�� B]'19�3qb" ..� F _" "_ _____'___U"'___ �___ r.,.-•"�� y� ' ;iti . a -� �4, • B�a�^ � (' m ���,_y _ _ t �� ', �P.f, A � �' /' ~ � � ac � $���..o a1„Zr �: �\`�4.'-^�x{'\�i\'�y��'"�j '� � � �a `� V"` �j �cm � 0�qa"b �p N \ a N� EP�E �. W 9 `O ' � �y _ , ad� q�ti v � ' ' '= 3� 6�05 " . _..��=�"�~aa2�~ p3..11ti R��'�, r•' � �` R11K'E� 6g ..� ' a�2 \ a„� . , �;V1 ' � _ `i `,5 �'�i % _l�Y�:' "' y,, '��`� , n r � �� �.- N ` �•ti,�..,.: .\ S; � \ P \ '1 ��1 � % .p t.�i �, ` �:.1 1 R� � y w \ \ � 1G ° %1 `y �.. � '� !^ \ \ ��i �; �C' v 1 \ �, � 1 i � �—L� A � � � ' \� "' m '�� N � , �. 9i�� ti � �� �����:1��!'' �g# SOL,�R �/,41L ��g� � ' � a�� � o �� �9���# ; t� NORTH �RONTi4GE RO�tD �Po O�g @ ��,;��,�� i° V,41L, GOLOR?.DO �Na�� h � g �� �O c m� �r I'ii � o� e� O � _# _ � � � �i ��� � �, u R � � �� ��(�R;����� �s� 50L,4R V�411� 9�g� � � o y'� �� i�� NORTH FRONTf�C�E ROAD ��Q�� � Q � m ���i�t.�� ^ VAIL, GOLORADO �Na�f °n _ � � �� _� �� =rn grn � � co _� z � t� : �� ��� Ca1 � � � `� � ��a'° � ����� �"'9�J� h � � � > ni F � m �i m �p m -�'i �=rn grn � � �0 o� � R ^ �� ��� � '" �� g�[�;'•����'I °s SOL,4R V,41L ��¢� � �� � i�`����{� i��� NORTH FRONTP�GE ROF�D ����� � � � ��ii�'�� VA.IL, GOLORADO �Na�$ � �z rn� m� arn .� rn � o� L'� e � �� ��� � � � 9�(�wi� ?"t °a SOL�4R V/�r I L �yaa� � � � �O iq`�ge'A�'(i�i i�� NORTH FRONT�4G� R0,4D ����� g O �' . � �S1i�ii��...�^ . Vf�IL, GOLOR/�DO �N3�� � g �� �c m� � b� .� rn a� eo u Z s # & �� ��� � � �� ��(�;������ �►g� SOL,4R Y,41L ��a� � �--. � O � m g(�l+�j�ji �p NORTH FRONTAGE ROAD •��;�$ � _ � � V,41L, GoLOR,4D0 „sm� 9 �� �� �d s� .� .� o� a�o �� �� ��„� � � � � �� � ia� �4 a� q j?a,��;} �9� 50L�4R Y,41L 9� � � € �q,�`Is�9' � �! NOf�TH FRONTA6E ROAD �g��T � � � � �r�ti����� ° VAIL, GOLOR�4D0 �Ne�� R �� �� md b� N tii C� o� �� O d� �� ��� � � � ¢ ��Seei���l� jp� � �OL,4R V,4 I L �¢a� � 8 O � o i� �'�%���i �� NORTH FRONTAGE R0,4D ��P�� � (ll � � ���,��` f ° V�41L, GOLORADO �N9�� ti C) � 0 � c � rn � � w � Q. n . • T ::1 �" n �, � � � N CC] (D N 0 -„ N x x 0 0 � c O N d� � � V � � � l °�° r r � � � � oo < � < -* C p � R� fD <D � � N '� N N "'�� � K � � � � �� � � � � � � � �� � � � � -- O'a a'a'a'a'a'� C'p'o'�'� "�'�'�'II G �'o'O'a -p � m m m m ro m m � m m m m m m m m � m m m m� C�r���«��i C=G�?►m�C�ooY C=G� nm .� N � � _1 � 1 1 � �A .A W -� -� � V / � � -P .�1 G.i _l N� W CD � Q C C �(D CD ��(Q Q. Q Q N W Q7 �� @ Q. O. "� Q Q Q- Q. Q- p' � Q. O Q. � Q- Q GL �' p' p' O Q Q- �O O �-�r � 0 O p O O O � p p O O O � O O �' r o° o° r o 0 0 0 o r o 0 0 0 � � � � � � � � � � � � � � 3 � 3 N CJt �P W — �---- I C � r� '� _a N � _a _a (V U7 � � _a � _a � � _a �p � _a � � � � N N W G'> C� � � � N � � D C 00 CTt f3'i .A .P -P W N N O � � .A .!� .i� N N O � �i � '�-y�, �A -J N G� W -i CO CO -P .f� � -� U1 W .A (fl �A �P � `J 0o N.A � Cfl O Oo 00 -P -P N W� O 00 Oo .P .A "" „'�'� rn tfl co y -1 jN -� � y � � � W y � � s -� O d'� 'A .P f37 N � W W C�)� � CNO -P �P � � f�J� W � � CNO �A � � � N 'J O) N.A � Oo O 0o OD �P �A N W� O Oo OD -P �P 3 r � _1 C WV N W��� N CJ7 � CJt P.P. -� -� -� �� i CTI P P-� �� Uti IV W CJi W N�A Ut d� -1 ifl -� �I �! N N N C� -� (D -� ^J -�, W fJt O O W C31 O O � t4� CO �I U7 CJi U'i CTt U7 �(D CO �I Ut *0 N ^ � , N iii ' � d� '�TI ` (J) O D'' N N � � � � � � "' <p O �I � � � .P -P .? N N N O) � .A .P -P N N N � O 00 -� -� --� W W W N N N-y -� W W W N N N-� 'J 0o W W W OD Oo O� CJt Ut U1 W W OD Oo Oo Cn CTl Ut W O— � � _a � � � � Q. a' a' a' LT Li' CS � �. Q. Q� Q Q Q G� C. < c G << G p m` ; Z m m cD m m m ��� ��� v�i::�. ° cNn cNi, cNi, cNi, cNi, cNi, Q, :� � c�oo 000 @ :. --I ,� N 1 � . _a � '.' . �' � .Q ..Q � � _a � � _a .Cl � � -a . �N . O N � . ' W N '' . � . . . .�I �I N N N . . . y ,. tn cJt Cn W Cn N. -� ��� Cn CSt Cn Cn cn ��� C3t •,.� t� 'v �a � � V C'> - � � m tQ '� p1 � � � � � 'G -- w � ro � � -o � r D :Cl n _ � rn n --� � -D ;�7 O � m c� --1 � N v O CP � � � �7 A � Attachment D Solar Vaii Parking Management Plan February 14, 2008 This parking management plan is based on 69 garage parking spaces, 8 outdoor parking spaces, and Loading and Delivery spaces. It further assumes 82 units, 57 studios, 12 one- bedrooms units, 1 two-bedroom unit, 4 three-bedroom units, and 8 four-bedroom units, as well as less than 6,000 sf. of off'ice space. . Parking for employees renting at Solar Vail — this management plan is based on many years of experience operating the existing Solar Vail Property as employee housing for the Sonnenalp. While the proposed building is significantly larger, the use and a large proportion of unit types will be very similar. We therefore predict the following conditions: (1} approximately 2/3 of the housing population of Solar Vail will consist of employees visiting the LTS on some kind of Visa Program limiting their visits to anywhere from 4 to 18 months. All of these employees are from foreigm countries and therefore only about 20% of these employees will have cars. (2) Employees working for Sonnenalp under visa programs have a speciiic contract which specifies conditions of employment. This contract defines amongst many other things the housing arrangements. Sonnenalp can manage the number of employee cars by simply specifying in the employment contract that housing does not include any parlcing. Since Solar Vail is within easy walking distance from worlc and the village, as well as directly on the bus route, this a reasonable and customary condition. (3) Empioyees requiring a parking space wili generally not use their cars for the short trip from Solar Vail to the Sonnenalp. Sonnenalp does restrict employee parking on hotel property depending on season and other customer driven factors. It is therefore more convenient to simply walk and use the in-town bus service for the short trip. This will significantly reduce trips in and out of the property and will allow easier management of tandem parking spaces. (4) The present garage plan shows 36 tandem parking spaces. That translates into 18 spaces that will be difficult to access when the garage is completely full. We will manage this situation by assigning those spaces to three-bedroom and foux-bedroom tenants living in units with more than one vehicle per units allowing easier communication and co-ordination of car owners. Presently, only a portion of Solar Vail parking spaces is used by Solar Vail tenants. We use the unused spaces to park overflow Sonnenalp vehicles at that location. We anticipate that this situation wili occur at the `new Solar Vail', in which case we would effectively use tandem space parking. Parking for Office Space — Based on the currently proposed 4750 sf of office space, the zoning requirements call for 20 parking spaces to be allocated to the o�ce space at Solar Vail. We anticipate the following conditions relative to those spaces: (1) about 50% of the ofiice space will be used for Sonnenalp Administrative ofFices. As those functions presentiy exist, we know the number of employees working in that portion of this ofiice space and can therefore predict that only 5-7 spaces will used. (2) The office will be open and spaces will be used from 8 AM to 5 PM Monday through Friday. Therefore, the spaces will be available on weekends and for overnight parking to non-office users. This parking use pattern can be matched with housing tenants working during the day requiring parking only at night when the off'ice parlcing spots are unused. Parking for guests of housing tenants and o�ce fienants — a certain number of spaces will be used for guest parking. The current site plan shows 8 outside parking spaces. We would propose to use those spaces for guest parking. Most guest-parking will be generated by office clients and will therefore occur during regular business hours. Housing guest paricing will mostly occur in the evening hours, generally after 5 PM. We therefore believe that the outdoor spaces can accornmodate all guest=parking. Using the outdoor portion of the parking for guest parking will also permit spaces 41-44 to be used for snow storage in the event that on-site snow storage becomes necessary before being removed from the property entirely. Attachment E Solar Vail Conditional Use Permit Application For Employee Housing in the (H) Housing Zone District Whereas, Section 12-6I-3 of the Town of Vail Town Code lists Type VI employee housing as a conditional use in the (H) Housing Zone District, and, Whereas, the applicant is seeking approval to construct not-for-sale 82 EHU's of various sizes and configurations on the existing Solar Vail site, and, Whereas, the applicant is seelcing approval to assign the deed restrictions to entities other than the applicant who need to satisfy TOV EHIJ requirements, and, Whereas, Section 12-13-3 (E) requires a management plan to be inciuded in the CUP application: - . Written Management Plan For Type VI EHUs: For the purposes of this title, a type VI EHU is an EHU which shall be governed by a written management plan or other written program approved by the pianning and environmentai commission. The management plan is the principai document in guiding the use of a type VI EHU. The management plan shail be rev.iewed and approved by the planning and env'ironmental commission as part of the conditional use permit appiication for a type VI EHU in accordance with chapter 16 of this title. 1. Management Plan Gontents: a. Parameters: The management plan shall inciude ail relevant material and information necessary to establish the parameters of the type VI EHUs. b. Exclusive Use: The management plan shall demonstrate that the type VI EHUs are exclusively used for and remain available for employee housing. c. Notice Of Record: The management plan shall provide a mechanism to provide adequate notice of record to prospective owners to ensure that the requirements of the plan shall be met with any future changes in ownership. _. _ _ _ _ _ d. Occupancy: The management plan shall include adequate provisions to ensure that the EHUs shall be occupied, and shall not remain vacant for a period to exceed three (3) consecutive months. e. Affidavit: No later than February 1 of each year, the owner of a type VI EHU shall submit to the department of community development one copy of a sworn affidavit on a form from the department of community development, to establish that the EHU has been used in compliance with the management plan. The applicant herein presents their proposed Management Plan: _ _ _ 1, Parameters: Per conversations with the Staff and the attached spreadsheet, we propose the following paxameters: a. The proposed project is comprised of 82 EHIJ's of various sizes. Proposed (and subject to refinement as the design moves forward) are: 1) S7 studios 2) 12 one bedroom units 3) 1 two bedroom unit 4) 4 three bedroom dormitory style units 5) 8 four bedroom dormitory style un.its All units, except for (7) studios and (3) one bedroom units on the top floor are equal to, or in excess of, TOV minimum sizes as dictated in Ordinance #8, series of 2007. As the design progress,, it may be possible to enlarge the top floor units to•meet the minimum sizes required. The number of "beds" associated with these units shall be pro-rated to 350 SF per bed. At the time of this CUP submittal, we are showing a total of 150.23 EHU "beds" in the project. b. All units shall be rental type units and none are proposed for sale. Rentals shall be controlled by the applicant's management company. Priority shall be given to employees working in the Town of Vail and rents shall be "attainable" for employees working in the Town of Vail. c. All units shall be deed restricted per TOV requirements in place at the time of PEC approval. Deed restrictions shall be recorded prior to the building , receiving a CO. Deed restrictions shall be assignable to entities other than the applicant and these assigned deed restrictions shall be allowed to satisfy EHU requirements that an entity may be obligated to provide to the TOV. 1) Deed restrictions shall be by unit except as noted below. 2) Assignxnent of deed restricted "beds" (as defined in Ordinance 8, series of 2007) shall be by entire unit except as noted below. Assignments are permanent and may not be reassigned. Except as noted below, assignments are not required to be made prior to building CO. d. To replace the existing deed restricted units on the site, 5730 square feet of EHU floor area shall be deed restricted under a"blanket" type deed restriction and the "beds" assigned to the ApplicantBuilding Owner. This area of EHU's may not be used to satisfy future EHU requirements however, this area of deed restricted units may be transferred to other EHU's ofF site per previous agreements with the TOV. Assignment shall talce place at the time of deed restriction. e. If approved by the PEC as a conditional use. The proposed office space (currently shown at 4850 s� shall have 3.1 EHU beds assigned to the Applicant/ building Owner as required by Ordinance #7, series of 2008. These beds may not be used to satisfy future EHU requirements. Assignment shall occur at the tirne the units are deed restricted. If the office space expands in the future to the full 6000 sf requested in the Conditional Use permit, additional EHCJ "beds" shali be assigned to the Applicant/Building Owner per the formula in place at the time of PEC approval. 2. Exclusive Use: The Applicant has maintained employee housing on the Solax Vail site since acquiring th� property so he has a long standing tracic record of providing housing for his employees. The proposed redevelopment does not contain any for-sale units, all units will be deed restricted and the applicant intends for this project to meet his employee housing needs well into the future. Notice of Record: The units are all deed restricted which will show in the title� report. 4. Occupancy: With no for-sale units to offset the development costs for this project, it is in the Applicants best interest to rriaintain as high an occupancy rate as possible. Affidavit: The Applicant shall comply with the requirement for an annual affidavit. Whereas, Section 12-16-6 directs the PEC to consider the following factors with respect to the proposed Conditional use: 1. Relationship and impact of the use on development objectives of the town. 2. Effect of the use on light and air, distribution of population, transportation facilities, utilities, schools, parks and recreation facilities, and other public facilities and pubiic facilities needs. 3: Effect upon traffic, with particular reference to congestion, automotive and pedestrian safety and convenience, trafFic flow and control, access, maneuverability, and removal of snow from the streets and parking areas. 4. Effect upon the character of the area in which the proposed use is to be located, including the scale and bulk of the proposed use in relation to surrounding uses. The applicant herein provides the following response to the above factors: 1. The. TOV has identified employee housing as a top priority. This project will substantially increase the number of EHU's on the site. _ __ 2: The increase in the nurnber of residents living on this site will have no appreciable effect on light and air at this site or the adjacent school or open space. R.idership on the TOV bus routes will increase as the residents wiil use both the Sandstone and West Vail routes to access Vail Village and the shopping in West Vaii. The existing pedestrian bridge will provide easy access to Lionshead and it is lilcely that there will be increased usage of the adjacent bike path a�d sidewalks. It is not likely that there wili be too much of an impact on the adjacent school or nearby parks as the proposed units and the living environment is not conducive to families with children. f. A preliminary traffic study is being prepared and will be submitted for review by the PEC and the TOV. The location of the Solar Vail site may actually reduce the number of vehicular trips into and around the Town since it is so easy to walk or take the bus to almost any point in Town. Increasing the number of employees housed on this site means that many fewer employees living elsewhere in the Valley who need to drive to work and find a place to park. The scope of this project includes improvement of the existing vehicular access including a snowmelted turn-around spur for trash, fire and delivery vehicles. The access drive and (minimal) exterior parking have excellent south exposure so maintaining the access drive will not require full snowmelting of the drive to keep it clear of ice and snow most of the time. In times when there is a need to store snow, we would propose to use the 4 guest parking spaces at the southwest corner of the site for temporary storage of snow until it can be removed off site. There is also an area at the east end of the property that has historically been used for snow storage. Pedestrian safety wili also be enhanced. Current residents either walk down the unimproved drive at the east end or cross onto the Elementary School property and either walk down their access drive or through their playground. The proposed project includes a new stair-and-sidewalk connection to the existing sidewalk along the Frontage Road at the west end of the site that will hopefully provide a more direct route to the bus stop and Frontage Road walk/bike path. 4. The neighborhood for the Solar Vail site is characterized by TOV open space to the east and the Elementary schao.l to the west. The property rises steeply behind the project and there is TOV open space immediately above that. Increasing the nurnber of EHCT's on the site, with the corresponding increase in scale and mass wiil have little or no impact on the surrounding uses or the character of the area. Attachment F Solar Vail Side setback Variance Request For the (H) Housing Zone District Whereas, Section 12-6I-5 of the Town of Vail Town Code provides that variations to the 20' side setback standard may be approved during the review of a development plan, and, Whereas, the existing side setback on the west side of the Solar Vail property is shown as 15', and, Whereas, the applicant is seeking approval to maintain this 15' side setback, and, Whereas, Section 12-6I-5 requires the PEC to evaluate compliance with the following criteria: A. Proposed building setbacks provide necessary separatior► between buildings and riparian areas, geologicaliy sensitive areas and other environmentally sensitive areas. B. Proposed building setbacks will provide adequate availability of light, air and open space. C. Proposed building setbacks will provide a compatible relationship with buildings and uses on adjacent properties. D. Proposed building setbacks will result in creative design solutions or other public benefifis that could not otherwise be achieved by conformance with prescribed setback standards. The applicant herein presents their response to the above criteria: A. As the requested side setback of 15' is existing; no buildings, riparian areas, geologically sensitive or environmentally sensitive areas are negatively impacted by this request. B. The proposed side setback of 15' has little effect on the availability of light, air and open space. The shadow studies indicate that there is adequate separation between the proposed Solar Vail building and the adjacent School District gymnasium which is built into the hillside and does not rely on it's east elevation for light and air to the gymnasium space. C. The proposed 15' side setback and the continuing use of Solar Vail for EHU's is compatible with the neighboring gymnasium. The gymnasium is accessed from it's own site, primarily during school hours, and the ehu's will be pximarily occupied at nights and on weekends when the school is vacant. D. The buildable area of the Solar Vail lat is severely restricted by the 40% slope behind the proposed building (already been somewhat disturbed by the existing building) and _ the utility setbacks to the east, south and southwest. This probably explains why a variance was granted to reduce the west side setback to 15' in the first place. The design of the proposed building respects the limitations imposed by these constraints and looks to the west side setback for opportunities to increase the number of EHU's and parking spaces on the site. The design of this building assumed that the existing side setback of 15' would be allowed. There are no hardships associated with keeping the 15' setback but expanding it to 20' would deprive the TOV of additional ehu's on this site and the parking that goes with it. A#tachment �G � � �a� oF v� 1 Departnaent ofPublic Works dc Transportation 1309 Elkhorn Drive �ail, CO 81657 970-479-2158 Fax: 970-479-2166 www. vailgov. com � � ;� To: Scot Hunn ]From: � Chad Salli, Project Engineer 12.e: Solar Vail Date: 2/14/08 The Town of.Vail Public Worlcs Department has received and reviewed the Solar Vaii submittal dated 1/2&/08. The following are comments that should be addressed prior to approval. ' 1. CDOT access permit is required and should be executed prior to building permit submittal. Applicant response: We sha11 coniply. 2. Continue curb and gutter east of TY 2 driveway Applicant response: We shall comply. 3. The Town of Vail General Notes shall be added. (Notes can be e-mailed upon request) Applicant response: We sllall comply. 4. Please add Utility Signature block and have all utilities sign acknowledging acceptance of utility impacts and design. Applicant response: We shall cornply. 5. Final Civil drawings shall be approved and meet all Town standards prior to submittal of building permit. Detailed comments will be provided at that time. Applicaizt response: We shall eomply. 6. All construction staging issues shall be resolved prior to construction including staging, phasing, access, schedules, traffic control, emergency access, parking, loading and delivery, etc... Applicant response: The General Contractor selected will meet with Siaff and resolve these issues �rior to construction. 7. A ROW/Utility permit shall be obtained and approved by the Town of Vail and CDOT prior to commencing any construction within public Right of Way. A�plicant response: We shall con�ply. 8. All improvements within CDOT ROW shall be approved by CDOT including all Frontage Rd improvements and landscaping. This approval will be required prior to Civil plan set approval. ApplicaiZt response: We shali coinply. 9. Prior to approval of an Excavation permit a shoring and excavation plan shall be submitted including; excavation phasing, engineered shoring plans with plan, profile and cross sections. Cross Sections and plans shall include all existing conflicts (i.e. utilities). Any shoring within CDOT ROW wiil require approval from CDOT and FHWA. Any shoring within the Vail pubiic ROW will require Town of Vail approval and a revocable ROW permit. ! Applicant response: We shall eolnply. '` 10. A Storm Water Discharge CDPHE Perriiit and all� applicable ACOE permits (i.e. Dewatering) shall be � submitted prior to construction. , Applicant response: We shall comply. 11. Provide engineered stamped final drainage report, and a traff'ic siudy. Applicant response: These are in progress. 12. The developer will be assessed traffic impact fee of $6,500 per peak hour additional trip generated, total additional trips generated wi�l be determined once a firaff'ic study is sulirnitted and approved. Applicant response: If the Tov��i of Vail t�uly wants employee lzousing and the replacemerlt of soon-to-be- demolished pi•ofessional offrce space, this fee should be �uaived in it's entirety. 13. Show snow storage area. Applic�nt response: We will cantinue io utilize �he opeil a.re� at the east end af the site and will provide a temporary snow storage area in the 4 guest p�rkin�; spaces at the west eiad of the site. These will be noted on the grading plans. . 14. Parking structuxe will require a sand/oil structure. A�plica.nt respoi�se: We shall comply. 15. Show top and bottom of .proposed and existing walis. Walis greater than 4' in height (as measured from bottom of the footer to the top of wall), shall be designed and starnped by a registered professional engineer. All design parameters and assumptions shall be submitted with plans. Applicant response: We shall coniply. 16. Town Code allows for a maximum of 6' high walls, the section provided for the exiting wall along the frontage road shows this to be 8' in height Applicanfi response: Any new walis �roposed shall conlply with TOV standards. 17. Show the turning movement for the proposed loading spots. Applicant response: The existin.g driveway r.equires all delivery, trash arid fire vehicles to back up �al the way to the Frontage Road. The proposed design still requires tllese vehicles to 6ack up but provides for a turn-araund spur before reaching the Frontage Road. The Fire Departrnent has agreed to this and the trash and delivery compai.lies will find tlus to be less onerous than exists in many places throubh out the T�V. 18. Tie in the proposed 3' pan with the culvert crossing under the rec path, do not discharge this drainage across the surface of the walk and into the frontage road. Applicant response: We shall comply. 19. Show the required landing of the proposed stairs on the west side of the property, with handrails. The handrails can not encroach in to the rec path and must be 2' ofFthe edge of the rec path.. Applicant respanse: We shall comply. 20. Is the existing gravel path to the elementary school proposed to remain, be improved? Applicant response: This path is proposed to be reinoved and blocked as best possible to stop ihe flow ol pedestria.11 traffic acrass tl�e schoal property. 21. Additional comrnents may follow as plans are developed. G d � M � C� R Q a cn N N N N f��- ��$� tn t1� tn Lf') �f7 ��� i.() tf) lf) �.C) NNNt�t� O 0�� �� � � r- �-- �c- �- s- fn fn tn t- �- t- c- T ��' N �- t- � r � O O O � �� N N N N N N O � W,= > > > > > > �) v- c N N N N N N c p -c� -� -a v -a a c � .Q�.n �.nn� � � � � � � � _� 00 00 00 oO M C'� tC) tn U> CO o0 CO C7 M LC� tn �(� 0� CO 00 CYJ M C7 C+) M c- t- N N N M M Ch t- �- N N N M C7 c+) c- 'V' �t' V d' CU .CO N N N V' d' d' (O t0 N N N �i' �t' 'rt Cfl N N Q s-�a- ��� O .. �'� Cf� . ';:G.;r�: � �, � � (iS. d: ._. . y� .' � O lt') t(y tf� t[) LL7 lC> U� f�- d> d� � t!') tf> � tf) tt� I� Cn � r t!') Lf) Ln tn d N N N N N 1�- I�- �- � e- �p N N N t� 1� r- � � tD N N N t`� . �} CD �O � � c- s- r'd' Cj' I,(� M � c- c- �- �'d" 'V' t!� M � c- t- �- `a d � J m O O CO M N�f' �f' oO o0 O CO c� N d" �1' 00 00 O CO c� N O CO M t[) �- Cp �t' d' � Cfl th t[� e- Cp d' .�i' O> (O M tf) s- ,� � N 0 � d" '�f' CO CO O N N � � d' ct CO CO O N N� � �h d' CO 'O � CV �y t� s- c- a- 1� c'7 r- �-- � I � C+> N p� � .-.. O. O O O CO M N ct' �f' W OO O Cp M N ct' d' 00 0� O(O th N _ � �t' �t' Ch t!� �- tfl 'd' 'ct � �"' �i' c+7 tt� e- (D rY d' rn cf' c� � r- '= L d' d' d' d' CO Cfl O N� �1 d' d' (O CO O N N �2' '�f' d' ci� = Q j?' �- r � N ... V d a �, �� O O i.f) tt7 � c- c- t- r- �- s- �� 6! a- r�- r�- r- r- r � c- c- c- C J � � G> � N � d J � � � � � N � � � � � d � . �`--' �'= C� O O p O O J O O O � O� � � ` � O � � O� O O 0���'B'O p O O O-�p'L;��'D p O O O� � p) �� �'� � Lr1 Cn � m m N "� ZS 't3 N N N� N 'p 'p 'II N C C . C� m � .� ..-�. .� m m m m m,� ��� m C/� (n !n (n ��- M�' �7- G f/� U� (li s- t- � � ' � � r i i r � � i= i i i � � C7 � d" C (n U� f!� � p p <Li,N, <CLr1U� W LLC7= QCOCiL] W LLf.�� QQOU� Q= = N�� N N N� N N N N r.�, N N� N N(ll N N,� N N N N �p � cz= QQ.�n.czQa.Qp QQ[z.cs.�a.�s2p �.aQ F- Z Z ly' — I�' I�' !�' F-}' F-�'- t}' I�' I�' E'" I�' I�' I�' I�' f�' I�' F�' I--�'- E"' F-�' i�' !�' F-�' N �t q' � � � N N M �. t0 Q� � � 6� p � � � �� ����' C s- Cn 9 c- ^�j � � '��.' �-J..,,�j� �-� 9 J `- J •-' � � d J � a� �" c a. J � � _ � C' Y t�1 V .N �t/J �N o _I � cv � � O O O � a p p = _ _ N v- O � N m fQ � X � t6 � � � � N O U� � r _ m W LL � O O � Q O � � N � � O .�. tt3 � � ._ .� � � � C � N � 'i'J C ti3 .� c � E � U O 0 U �,, I Attachment �G . � T�WN OF YAI� ` Department of Public Works & Transportation 1309 Elkhorn Drive va�t, co s�6s� 970-479-2158 Fax: 970-479-2166 www. vai[gov. com � To: Scot Hunn From: Chad Salii, Project Engineer Re: Solar Vail Date: 2/14/08 The Town of Vail Public Worlcs Department has received and reviewed the Solar Vail submittal dated 1/28/08. The foilowing are comments that should be addressed prior to approvai. 1. CDOT access permit is required and should be executed prior to building permit submittal. Applicant response: We sha11 comply. 2. Continue curb and gutter east of TY 2 driveway Applicant respanse: We shall camply. � 3. The Town of Vail General Notes shall be added. (Notes can be e-mailed upon request) Applicant response: We shall comply. 4. Please add Utility Signature block and have all utilities sign acknowledging acceptance of utility impacts and design. Applicant response: We shall comply. 5. Final Civil drawings shail be approved and meet all Town standards prior to submittal of buiiding permit. Detailed comments wiil be provided at that time. Applicai�.t response: Vde shall comply. 6. All construction staging issues shall be resolved prior to construction including staging, phasing, access, schedules, traffic control, emergency access, parking, loading and delivery, etc... Applic�ntxesponse: The General Contractor selected will meet with Staff and resolve these issues �rior to constructian. 7. A ROW/LTtility permit shall be obtained and approved by the Town of Vail and CDOT prior to commencing any construction within public Right of Way. Applicant response: We shall comply. 8. All improveinents within CDOT ROW shall be approved by CDOT including all Frontage Rd improvennents and landscaping. This approval will be required prior to Civii plan set approval. Applicant response: We shall coinply. 9. Prior to approval of an Excavation permit a shoring and excavation plan shall be submitted inciuding; excavation phasing, engineered shoring plans with plan, profile and cross sections. Cross Sections and plans shail include ail existing conflicts (i.e. utilities). Any shoring within CDOT ROW will require approval from CDOT and FHWA. Any shoring within the Vaii public ROW will require Town of Vai1 approval and a revocable ROW permit. Applicant response: We shall comply. I 10. A Storm Water Discharge CDPHE Permit and all applicable ACOE permits (i.e. Dewatering) shall be � submitted prior to construction. Applicant response: We shall comply. 11. Provide engineered stamped final drainage report, and a traffic study. Applicant response: These are in progress. 12. The developer will be assessed traffic impact fee of $6,500 per peak hour additional trip generated, total additional trips generated will be determined once a traff'ic study is submiited and approved. Applicant response: If the Tow�i of Vail tiuly wants employee housing and the replacement of soon-to-be- den�olished pi•ofessional off ce space, this fee sh.ould be waived in it's entirety. 13. Show snow storage area. Applicant response: We will continue to utilize the open a.rea a1 the east end oi the site and will provide a tern�orary snow storage area in the 4 guest parking spaces at tl�e west end of the site. These will be noted on the grading pl�ns. . 14. Parking structure will require a sandloil structure. Applica.nt response: We shall coinply. 15. Show top and bottom of proposed and existing walls. Walls greater than 4' in height (as measured from bottom of the footer to the top of wall), shall be designed and stamped by a registered professionai engineer. All design parameters and assumptions shall be submitted with plans. Applicant response: We shall coniply. 16. Town Code allows for a maximum of 6' high walls, the section provided for the exiting wall along the frontage road shows this to be 8' in height � Applicant response: Any new walls proposed. shall conlply with TOV standards. 17. Show the turning movement for the proposed loading spots. Applicant response: The existing driveway.requires all delivery, trash and fir.e vehicles to back up �al the way to the Frontage Road. The proposed design still requires these vehicles to bacic up but provicies for a turn-around spur before reaching the Frontage Road. The Fire Departineni has agreed to this and the trash and delivery coinpauies will find tlus to be less oiierous than exists in many places throu�h out the T(JV. 18. Tie in the proposed 3' pan with the culvert crossing under the rec path, do not discharge this drainage across the surface of the walk and into the frontage road. Applicant response: We shall comply. 19. Show the required landing of the proposed stairs on the west side of the property, with handrails. The handrails can not encroach in to the rec path and must be 2' off the edge of the rec path.. Applicant response: We shall comply. 20. Is the existing gravel path to the elementary school proposed to remain, be improved? Applicant response: This patli is proposed to be reinoved and blocked as best possible to sto� the flow of pedestrialz traffic acr�ss tlle school property. 21. Additional comments may follow as plans are developed. �Wc�i i� � C � cv sz a v� � � � � � � � � � � � � � � � �, N NNNI�-I���� NNNI�-I���� NNNI�- O d� r- r- c- �-- t- � fn fLT (O" �- e- a- t- �- CT �' �' �- �- � s- � � � E-- �' O O O O O O ti O d N N N N N N � Q � '�'L' �L' �L' �L' �L' G�'' � W= N N N N N� V �. C ��0��,... 'a '� � "Cf 'O 'LS C� .�� � � ..Q .Q .Q � '� �� c- c- �- � r- t- � 00 CO CO 0� M C7 tf) � tt) 00 00 CO M M tf� tn L!) 00 0� 00 M r' � m�'��''�'r�NNN c�Mt+��r-NNN c�MCn�- N ;N Cf' rt' 'V' d' CO .CO N N N �1' d' '�t Cfl CD N N N '�t d' 'd' CO �� � � � � O . . '(n , p- CL? , ;.C.,�, � � ... (if. d .�. L O O t!7 tl� LC) tn tt� tt� tn (�- O� � T tC) l(� tC> �C) lC) t� 6� d> e- � tf7 11) LL� � N N N N N f` I�- r� � t- t,p N N N h- 1`� �- � r- tp N N N t� d d CU �O �- r�- s- r Cf' c1' tf� r s- �- c- r c- d' 'c1' Lt� 't� r�-- ��- y � `� M �- C7 �- � J d m O O Cfl c'7 N ct d' o� CO G1 CD c7 N d' d' o� CO O CO M N O CQ C� lt� s- (U d' '�Y' 6) (O ('7 tf) t- C� d' d' � CO Ch � r- w� N p � d' �1' CO CO O N N r O) d' �1' CD CO O N N� 07 d' d' CD �¢ N N r7 s- s- �- P�. � t+'i r- r- � 1^ c'rj N p� � .-. O . O O O CO C'7 N cY [Y 00 00 O' CO M N d' 'ct 00 00 O CD C7 N ���-9 d' rY C'� I.t) c- t0 ct d' O) Ci' M L(') r- CO V' d' � cY c7 i.f� s- '= d' �Y d' d" CO t0 O N N d- �i' d- C{y (p O N N d- � cJ- (p _� � r t- �- � r � � v d �. � � Q�j d Q LC') Ll') � t- �- c- c- �- � s- r ��- �- � c- c- � r- r O� c- e- t- = J � y 'r N > d J � � � � � d � � � � � d � „_, .,._, o 0 0 0 0 0-i o � c � o 0 0 0 0= o 0 0 0 0 � o � � o� o 0 o-a-a-a�-� o 0 0 o-a-a-�`a-� p o 0 0-0 �p ��u�omm °�mm tn �z3�mm °�mm �'v�a a� � � ,� C .� .� � m +-� .� .� .� m � � � � � m •� '� in � fnf%)i%��-r-M�'d'�C U)(%JU)�-c-t� d'c1' C (!)f/�fnr � � � � � � � r � � � � � � � � � � ' ' Qmci❑ 0 0 ¢,N QmU�wu.C�=_ QmUOwu..(.�_� � � � � Q= = a> '= a� a� a� a� cu a� a� a� ,w a� a� a� a� a� a� a� a> � � a��QSZQQn. QQaQQ�cz�+�' cu a� a� a� - — F-�' Z Z F�' F-�'I�t�'F-�'t�'F�'F�'- F?' ~ I�'I�'I�' H I�'I�'F�'!}' ~ i�'I�'t�'f�' tn d' V' � � pNp N � M ..� t� �y c� p'j � O � � q� � �� � � .� � � �- �i > �- 9 �- 9 (.� J d� Y`� N d c- t� c- G� 7" �, J � � -� -J J � � � = a J = � _ > a- � � � �� ��n 'w �o J� c`a � � o 0 0 � a. O O = z = N v- O � N � (U � X .` (0 � � � � fU O � � � m W lJ_. � O � � Q. � � � N � O � ` .,-. � ._ .� 3 � rn c � N U� � c co � c a� E � U O � U _ i; s, � !{� ,, PLANNING AND ENVIRONMENTAL COMMISSION February 11, 2008 1:00 pm TOWN COUNCIL CHAMBERS / PUBLIC WELCOME 75 S. Frontage Road - Vail, Colorado, 81657 MEMBERS PRESENT Anne Gunnion Michael Kurz Rollie Kjesbo Bill Pierce David Viele Scott Proper Susie Tjossem ►I ►I : : � : ► 1 5 minutes Report to the Planning and Environmental Commission of an administrative action approving a request for a minor amendment to SDD No. 22, Grand Traverse, pursuant to Section 12-9A-10, Amendment Procedures, Vail Town Code, modifying the allowable roofing types for the District, located at 1402-1428 Moraine Drive and 1450, 1500, 1550, 1600, 1650, 1700, 1750, 1800, 1850 Lions Ridge Loop and /Lots 1-24, Dauphinais/Moseley Subdivision Filing 1, and setting forth details in regard thereto. (PEC080001) Applicant: Pat Dauphinais, President of Grand Traverse H.O.A. Planner: Rachel Friede ACTION: No action taken Rachel Friede made a presentation per the staff letter. There was no public comment. The Commissioners had no questions or comments. 2. A request for a final recommendation to the Vail Town Council, to allow for Promotion Permits, and setting forth details in regard thereto. (PEC070073) Applicant: Town of Vail Planner: Rachel Friede ACTION: Recommendation of approval MOTION: Kjesbo SECOND: Kurz VOTE: 7-0-0 Rachel Friede made a presentation per the staff inemorandum. 20minutes Special Business Sybil Navas, Special Events Coordinator, and Kelly McDonald, Economic Development Manager, provided the Commission with further detail about the proposed permits. Kelly McDonald noted that input was received from the VCBA, CSE, VEAC and the general business community, all of which was incorporated into the proposal. Commissioner Pierce questioned how the permits would be administered. Sybil Navas explained that the Event Review Committee would review and manage the permits to prevent conflicts with other events. Page 1 Commissioner Tjossem noted concerns about limiting the total number of events in a given area of town based upon a concern that only the aggressive or savvy merchants would be allowed an event and late coming businesses would be prevented from obtaining a permit. Rachel Friede explained the rationale for the proposal and noted that Staff anticipated revisiting this issue after one year of project implementation. Commissioner Tjossem asked if multiple businesses could partner to promote a single event. Rachel Friede explained that such a scenario would be accommodated through a regular Special Event Permit. 30 minutes 3. A request for a final recommendation to the Vail Town Council, pursuant to Section 12-3-7, Amendment, Vail Town Code, for a prescribed regulations amendment to Chapters 12-23, Commercial Linkage and 12-24, Inclusionary Zoning, Vail Town Code, to establish standards and criteria related to mitigating employee housing requirements, and setting forth details in regard thereto. (PEC070075) Applicant: Town of Vail Staff/Planner: Nina Timm and Bill Gibson ACTION: Tabled to next meeting MOTION: Kjesbo SECOND: Viele VOTE: 7-0-0 Bill Gibson made a brief introduction to the item. Nina Timm, Housing Coordinator, made a presentation to the Commission based on the memorandum. George Ruther, Director of Community Development, further explained why the proposed text amendments were being presented. He said that prioritizing methods of mitigation was requested by the PEC and Town Council. Commissioner Viele asked if the requirement would be for 100% on-site mitigation of the current requirement or for 100% of the employees generated. Nina Timm answered that the 100% would be 100% of the existing requirement of 20% of employees generated for commercial linkage and 10% of inclusionary zoning. George Ruther further clarified that not all projects would require on-site mitigation. Only those defined as new development or re-development. Commissioner Viele asked if projects that are already in the works had been assessed a housing requirement. Nina Timm answered that the projections are for future developments only. Commissioner Proper asked why a unit of three or more bedrooms would only count for 3.5 employees maximum. Nina Timm responded that this was done so that a unit would not have a lot of tiny bedrooms to offset the requirement. She added that there was an effect of diminishing effectiveness in the number of employees actually housed in large dwelling units. Commissioner Proper asked if this will cause people to not build more than 3 bedroom units. Page 2 Nina Timm stated it was likely those units would not be built. George Ruther clarified that dormitory style units could still be built. Commissioner Tjossem asked whether this would inhibit units from being built that are geared towards families. George Ruther stated that Staff will respond with reviewing the requirements and making some changes if necessary. Commissioner Tjossem asked if developers are given incentives today to provide their entire employee housing requirement on-site. Nina Timm clarified that there is no incentive. Commissioner Tjossem suggested that if developers built more employee housing than is required by the regulation, they should be given incentives including more GRFA, height, etc. Commissioner Proper asked why developers are shouldering the housing burden. George Ruther said this is not to provide housing that we already lack. The developers are required to mitigate for only a portion of new employees generated. He added further that it is a responsibility of everyone to provide housing. Commissioner Proper did not understand why generation of employees is a negative. He asked why it was the government's obligation to solve this problem instead of the free market taking over and solving the problem. He said this is popular because the tyrannical majority of the Town has viewed this as the solution. Ron Byrne, resident and owner Ron Byrnes and Associates, involved in development and real estate, asked if the deed restricted units have required pricing limits. Nina Timm responded that deed restricted units under this program do not have price appreciation caps. The can be sold for whatever the market will bear. Peter Knobel, resident and developer of Solaris, stated that there are long and short term issues. He stated that businesses need to pay employees more money. He added that within the core of Vail Village it does not make sense to have employee housing on-site. Under a proposal, the developer should have a penalty when they create housing outside of the property. He said we need to look at the best way to create new housing. He stated that developers need incentives. He said he owns units in the Matterhorn neighborhood and if given incentives, he would add employee housing. Ron Byrne said that he wanted to put EHUs within regular residences. However, this did not work very well. He said that with limited numbers of residential properties in town, developers should be given the opportunity to utilize town owned property for employee units. Jim Lamont, representing the Vail Homeowners Association, said there should be a master plan that shows where to put all of the employee housing. He said incentives are necessary when requiring EHUs on site. He said there are certain neighborhoods have different rates of change, and there should be more master planning of the community to understand where the shock absorbers for new growth can occur. He believes this needs to occur very rapidly, because the first tier of building lots is already eight stories or higher. Beyond that, he believes people are not thrilled with bigger buildings. He said that if employee housing can't be placed in the town, there Page 3 should be an allowance to put housing outside of the Town of Vail. He said mass transit and parking are also missing from this plan, as there are advantages to building housing outside the community and there is a need to get people on mass transit or provide parking. Peter Knobel said that building employee housing down valley will cause workers to stay down valley. Commissioner Pierce said that this Commission was concerned the original ordinance was too quickly crafted. He felt that it is reasonable for 30% to be in Vail and 70% elsewhere. He said the housing solution should be tax based in order to place the burden on everyone. He said there should be prioritization of inethods, and not necessarily a requirement for all on-site units. He also said that there should be a hierarchy of value to the community. George Ruther asked for clarification. He stated that his understanding of Commissioner Pierce's comments is that Staff is to develop criteria or standards that establish tiers of "disincentives" to be applied to a development that does not provide on-site mitigation. Commissioner Viele stated that he believes the regulations are fundamentally a growth control measure; he is not in favor of growth control. Continued development and the housing of employees will produce more people. He explained his view of subsidizing the development of employee housing within a housing (residential) development project. He believes the current mitigation methods are counter intuitive; that if the Town really wants to solve the housing issue, it should create a mitigation bank to be used strategically to incentivize and partner with developers to make it more attractive to them. Any new criteria established or adopted should be linked to choice of inethod. Businesses should share equally (and the Town should encourage with "carrots") the burden of providing housing and paying a living wage. Commissioner Proper, referencing page 3 of the memorandum, asked for clarification regarding proposed establishment of "Off-site Mitigation Banking" regulations. He added that he fundamentally objected to the Town's approach (to date) on addressing employee housing mitigation. He further added that onsite units should be allowed to be smaller than units in other parts of town. He also said the Town should use the fee in lieu to buy down units throughout the town. Commissioner Kjesbo said that requiring the units on-site will slow down the economy. He added that he would like to see disincentives for certain mitigation. Commissioner Gunion said the policy should emphasize giving incentives to those who offer the best options. She added that the PEC should be able to review plans for EHUs outside of Vail if it is a good plan. Developers can be very creative, and allowing for the PEC to review a proposal that may not conform exactly to the five identified mitigation methods would allow for that creativity possibly achieve solutions not conceived of currently. Commissioner Kurz said that flexibility ought to be allowed. There should be general guidance on units. He said that he is unsure of the PEC role with regard to employee housing. He said if developers are enlightened and have solutions, they should be able to propose out of the box ideas. He said that the pay-in-lieu should be used for a number of different programs where the Town partners with people to use the money to create deed restrictions. Commissioner Tjossem said that flexibility and great ideas. She asked Staff to come back with plans on how to get employees in and to town. Flexibility and creativity are needed. Page 4 Peter Knobel stated that developers need to know the rules, whatever they may be so that they can pay reasonable prices for property. Ron Byrne said that there needs to be rules in order to create financial models and get financing. He is encouraging PEC to look at all the different options. He said that adding more GRFA throughout the Town will not be noticed if done right. Commissioner Pierce summarized that the PEC wants a longer range plan for housing. He added that predictability is of key importance. It needs to be clear as to what is required. Employee Housing Plans need to be submitted with an application, so that the plan is understood from the beginning of the project. He also said prioritization of types of housing provided should occur. 5 minutes 4. A request for a final review of variance from Section 12-6C-5, Setbacks, and Section 12-6C-11, Parking, Vail Town Code, pursuant to Chapter 12-17, Variances, to allow for a front and side setback encroachment and to reduce the required on site parking to facilitate construction of an addition, located at 3035 Booth Falls Road/Lot 12, Block 1, Vail Village 13th Filing, and setting forth details in regard thereto. (PEC08-0002) Applicant: John and Katherine Adair, represented by Pure Design Studio Planner: Bill Gibson ACTION: Table to February 25, 2008 MOTION: Kjesbo SECOND: Viele VOTE: 7-0-0 5. A request for a work session to review an amended final plat, pursuant to Chapter 13-12, Exemption Plat Review Procedures, Vail Town Code, to amend a platted building envelope, located at 1326 Spraddle Creek Road/Lot 14, Spraddle Creek Estates, and setting forth details in regard thereto. (PEC070069) Applicant: Ron Oehl, represented by Berglund Architects Planner: Nicole Peterson ACTION: Withdrawn 6. Approval of January 28, 2008 minutes MOTION: Kjesbo SECOND: Viele VOTE: 7-0-0 7. Information Update 8. Adjournment MOTION: Kjesbo SECOND: Kurz VOTE: 7-0-0 The applications and information about the proposals are available for public inspection during regular office hours at the Town of Vail Community Development Department, 75 South Frontage Road. The public is invited to attend the project orientation and the site visits that precede the public hearing in the Town of Vail Community Development Department. Please call (970) 479-2138 for additional information. Sign language interpretation is available upon request with 24-hour notification. Please call (970) 479-2356, Telephone for the Hearing Impaired, for information. Community Development Department Published February 8, 2008, in the Vail Daily. Page 5