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HomeMy WebLinkAbout2022-12-20 Agenda and Supporting Documentation Town Council Evening Meeting Agenda1.Citizen Participation (10 min.) 1.1 Citizen Participation 2.Any action as a result of executive session 3.Recognitions (5 min.) 3.1 Mauri Nottingham Excellence in Environmental Sustainability Scholarship Awards The scholarship program is intended to provide recognition and financial support to qualified local residents and students interested in pursuing education and careers in the field of environmental sustainability. This award honors the contributions of Mauri Nottingham to the Vail Community. Lauren Merck, Dean Mosher, and Catherine Moloney are the recipients this year. 4.Consent Agenda (5 min.) 4.1 November 1, 2022 TC Meeting Minutes 4.2 November 15, 2022 TC Meeting Minutes 4.3 Resolution No. 60, Series of 2022, A Resolution Approving the Purchase of Residential Property Approve Resolution No. 60, Series of 2022 authorizing the Town Manager to enter into an agreement, in a form approved by the Town Attorney, the purchase of North Trails VAIL TOWN COUNCIL MEETING Evening Session Agenda Town Council Chambers and Virtually via Zoom. Zoom Link: https://us02web.zoom.us/webinar/register/WN_Hx3hbKykRTy27plEbwZCpw 6:00 PM, December 20, 2022 Notes: Times of items are approximate, subject to change, and cannot be relied upon to determine what time Council will consider an item. Public comment will be taken on each agenda item. Citizen participation offers an opportunity for citizens to express opinions or ask questions regarding town services, policies or other matters of community concern, and any items that are not on the agenda. Please attempt to keep comments to three minutes; time limits established are to provide efficiency in the conduct of the meeting and to allow equal opportunity for everyone wishing to speak. Citizen Participation.pdf Mauri Nottingham Scholarship Memo 122022.pdf 11012022 TC minutes.pdf 11152022 TC minutes.pdf 1 Townhomes, Unit D, 2477 Garmisch, Vail, Colorado in the amount of, and not to exceed, $306,277.00, plus closing costs. Background: The availability of housing for its employees remains an ongoing need for the Town of Vail municipal government. As the fourth largest employer in Vail, the Town of Vail too is challenged by the need for housing for its workforce. As the FTE count for the Town grows so does it’s need to support housing for the employees. Over the years the Town has taken a wide range of approaches to addressing its employee housing needs, including “buying down” homes for purchase by Town of Vail employees. Availability of adequate housing remains a primary barrier to acceptance of employment offers for the Town of Vail. 4.4 Resolution No. 61, Series of 2022, A Resolution Authorizing the Purchase of Residential Property Approve Resolution No. 61, Series of 2022 authorizing the Town Manager to enter into an agreement, in a form approved by the Town Attorney, the purchase of Homestake at Vail Condominium, Unit B103, 1081 Vail View Drive, Vail, Colorado in the amount of, and not to exceed, $465,000.00, plus closing costs. Background: The availability of housing for its employees remains an ongoing need for the Town of Vail municipal government. As the fourth largest employer in Vail, the Town of Vail too is challenged by the need for housing for its workforce. As the FTE count for the Town grows so does it’s need to support housing for the employees. Over the years the Town has taken a wide range of approaches to addressing its employee housing needs, including “buying down” homes for purchase by Town of Vail employees. Availability of adequate housing remains a primary barrier to acceptance of employment offers for the Town of Vail. 5.Town Manager Report (10 min.) 5.1 Council Matters and Status Report 5.2 Parking Update 5.3 Council Strategic Planning Session Update 6.Action Items 6.1 Resolution No. 62, Series of 2022, A Resolution of the Vail Town Council Approving an amendment to the Vail Land Use Plan Map 15 min. Approve, approve with amendments or deny Resolution No. 62, Series of 2022 Resolution No. 60 Series of 2022.pdf 2477 Garmisch Drive Unit D Contract to Buy and Sell Real Estate 12092022.pdf Resolution No. 61 Series of 2022.pdf Contract to Buy and Sell Purchase of 1081 Vail View Dr #B103.pdf 221220 Matters.pdf 2 Presenter(s): Greg Roy, Senior Planner Background: The applicant, Town of Vail, represented by Community Development Director Matt Gennett, is requesting approval of Resolution No. 62, Series of 2022, a resolution amending the Vail Land Use Plan map amendment, pursuant to Section 8-3, Amendment Process, Vail Land Use Plan, to change the designation of portions of Tract A Middle Creek Subdivision from Open Space to Public/Semi-Public and High Density Residential. Staff Recommendation: The Planning and Environmental Commission held a public hearing on the proposed Land Use Plan Map Amendment on December 12, 2022 where a recommendation for approval was forwarded to the Vail Town Council by a vote of 4-2-0 (Pratt and Perez opposed). 6.2 Ordinance No. 25, Series of 2022, First Reading, An Ordinance Rezoning Lot 5 of the Middle Creek Subdivision, a Resubdivision of Tract A, from Natural Area Preservation (NAP) to Housing (H); Lot 4 of the Middle Creek Subdivision, a Resubdivision of Tract A, from Natural Area Preservation (NAO) to General Use (GU), and the Remainder of Tract A, Middle Creek Subdivision, a Resubdivision of Tract A, From General Use (GU) to Natural Area Preservation (NAP) 20 min. Approve, approve with amendments, or deny Ordinance No. 25, Series of 2022 upon first reading. Presenter(s): Greg Roy, Senior Planner Background: The subject property was annexed into the Town of Vail in 1968 with Ordinance No. 8, Series of 1969. Ordinance No. 19, Series of 1995 zoned the portions of Tract A from Agricultural Open Space to the General Use and Natural Area Preservation districts. This rezoning was part of a larger rezoning that occurred after the passage of the 1994 Open Lands Plan adoption. In 2002, the property was subdivided to create Lots 1 and 2 to facilitate the development of Middle Creek Housing and to create the site for the telecom tower. In 2020, a subdivision application was approved by the PEC to create Lot 3 as the site for the Residences at Main Vail project. Staff Recommendation: The Planning and Environmental Commission held a public hearing on the proposed Zone District Boundary Amendment on December 12, 2022, where a recommendation for approval was forwarded to the Vail Town Council by a vote of 4-2-0 (Pratt and Perez opposed). Resolution No. 62 Staff Memorandum .pdf Attachment A. Resolution No. 62, Series of 2022.pdf Attachment B. Proposed Land Use Map Amendment 12-13-22.pdf Attachment C. Applicant Narrative 120122.pdf Attachment D. PEC Minutes from Meeting on 12-12-2022.pdf Attachment E. Staff Memorandum PEC22-0018.pdf Public Input Ordinance No. 25 Staff Memorandum.pdf 3 7.Public Hearings 7.1 Ordinance No. 23, Series of 2022, Second Reading, An Ordinance Repealing and Reenacting Chapter 13 of Title 5 of the Vail Town Code, Regarding Carryout Bag Requirements and Fees 5 min. Approve, approve with amendments or deny Ordinance No. 23, Series of 2022 upon second reading. Presenter(s): Beth Markham, Environmental Sustainability Manager Background: On July 6, 2021, Governor Jared Polis signed HB21-1162, the Plastic Pollution Reduction Act (PPRA) into law. Following business and community outreach and Town Council input staff developed and refined recommendations for changes to Town of Vail Code Title 5, Chapter 13 regarding disposable plastic bags to come into compliance with the PPRA. Ordinance No. 23, Series of 2022 incorporates the code updates. The first reading of the ordinance was approved December 6, 2022 with no changes required. 7.2 Ordinance No. 24, Series of 2022, Second Reading, An Ordinance Making Budget Adjustments to the Town of Vail General Fund, Capital Projects Fund, Real Estate Transfer Tax Fund, Housing Fund, Residences at Main Vail Fund, Heavy Equipment Fund of the 2022 Budget for the Town of Vail, Colorado; and Authorizing the said Adjustments as Set Forth Herein; and Setting Forth Details in Regard Thereto 15 min. Approve, approve with amendments or deny Ordinance No. 24, Series of 2022 upon second reading. Presenter(s): Carlie Smith, Finance Director Background: Please see attached memo. 8.Adjournment (7:25pm estimate) Attachment A. Ordinance No. 25, Series of 2022.pdf Attachment B. Proposed Zone District Boundary Amendment Map 12-13-22.pdf Attachment C. Applicant Narrative 120122.pdf Attachment D. PEC Minutes from Meeting on 12-12-2022.pdf Attachment E. Staff Memorandum PEC22-0019.pdf PPRA Ordinance No. 23 Series of 2022 Memo 122022.pdf Ordinance No. 23 Series 2022-122022.pdf Plastic Bag Public Input.pdf 221220 4th Supp- 2nd Reading.pdf Meeting agendas and materials can be accessed prior to meeting day on the Town of Vail website www.vailgov.com. All town council meetings will be streamed live by High Five Access Media and available for public viewing as the meeting is happening. The meeting videos are also posted to High Five Access Media website the week following meeting day, www.highfivemedia.org. Please call 970-479-2136 for additional information. Sign language interpretation is available upon request with 48 hour notification dial 711. 4 5 AGENDA ITEM NO. 1.1 Item Cover Page DATE:December 20, 2022 SUBMITTED BY:Stephanie Bibbens, Town Manager ITEM TYPE:Citizen Participation AGENDA SECTION:Citizen Participation (10 min.) SUBJECT:Citizen Participation SUGGESTED ACTION: VAIL TOWN COUNCIL AGENDA ITEM REPORT ATTACHMENTS: Citizen Participation.pdf 6 7 8 9 10 11 AGENDA ITEM NO. 3.1 Item Cover Page DATE:December 20, 2022 SUBMITTED BY:Beth Markham, Environmental Sustainability ITEM TYPE:Main Agenda AGENDA SECTION:Recognitions (5 min.) SUBJECT:Mauri Nottingham Excellence in Environmental Sustainability Scholarship Awards SUGGESTED ACTION:The scholarship program is intended to provide recognition and financial support to qualified local residents and students interested in pursuing education and careers in the field of environmental sustainability. This award honors the contributions of Mauri Nottingham to the Vail Community. Lauren Merck, Dean Mosher, and Catherine Moloney are the recipients this year. VAIL TOWN COUNCIL AGENDA ITEM REPORT ATTACHMENTS: Mauri Nottingham Scholarship Memo 122022.pdf 12 To: Vail Town Council From: Environmental Sustainability Department Date: December 20, 2022 Subject: Mauri Nottingham Scholarship in Excellence for Environmental Sustainability Awards I. Purpose The purpose of this memo is to recog nize the three 2022 recipients for the Mauri Nottingham Scholarship Excellence in Environmental Sustainability program. II. Background In 1993, The Town of Vail created the Mauri Nottingham Environmental Quality Award to honor the creator of the valley’s “We Recycle” program and recognize outstanding environmental programs or efforts in the community. The new scholarship program intends to honor the contributions of Mr. Nottingham, continue the legacy of the Environmental Quality Award, and provide assistance to those in the community wishing to further their education in the field of environmental sustainability. This scholarship will be awarded to cover the cost of tuition and supplies up to $1,500 dollars and is open to Town of Vail residents, students who attend school in the Town of Vail, or those who are employed in the Town of Vail. Academic programs can include bachelors or certificate programs at accredited colleges or universities, online programs, or attendance at local symposiums. III. 2022 Award Recipients After reviewing applications, three applicants really stood out in terms of their passion and commitment to environmental sustainability; therefore, staff opted to award three recipients the scholarship in 2022, each receiving $500. All three recipients , Lauren Merck, Dean Lucas Mosher and Catherine Moloney, are currently Colorado Mountain College (CMC) students working towards bachelor’s degrees in Sustainability. Lauren Merck is currently in her senior year as a Sustainability Studies major with a minor in Business. She also plans to pursue a Graduate Certificate in Environmental Policy and Management to help further her professional development. She has been working as the Sustainability Intern with the Town of Vail which has inspired her to pursue work in the local government sector to help shape sustainability policy and develop and implement solutions focused programs to work towards achieving climate goals. Cat Moloney is planning to graduate from CMC with a degree in Sustainability Studies in spring of 2023. Cat is passionate about sustainability and the local community, is a life-long learner 13 Town of Vail Page 2 and believes that each person can make a big impact. Cat is looking forward to entering the professional world with a sustainability career that allows her to give back to the community and make a positive change. Lucas Mosher is a Senior at Colorado Mountain College with a vision and goal to become a leader in sustainability and to one day be the director of a non-profit, and for his work to have a positive impact on the community. As a sustainability student he has learned the importance of community service. One of the values of sustainability is strong communities and relationships which are self-provisioning and resilient. Lucas works to create this type of culture and spends much of his time p roviding community service to the community. The Town of Vail Environmental Sustainability Department is grateful for the commitment these three students have demonstrated in environmental sustainability and making a positive impact on the local community and beyond. Lauren, Cat and Lucas all exemplify emerging leaders in sustainability focused work and town staff is excited to see what these students accomplish along their sustainability journeys. IV. Action Requested of Council Staff requests the Vail Town Council recognize and congratulate the three recipients of the scholarship for 2022. 14 AGENDA ITEM NO. 4.1 Item Cover Page DATE:December 20, 2022 SUBMITTED BY:Stephanie Bibbens, Town Manager ITEM TYPE:Consent Agenda AGENDA SECTION:Consent Agenda (5 min.) SUBJECT:November 1, 2022 TC Meeting Minutes SUGGESTED ACTION: VAIL TOWN COUNCIL AGENDA ITEM REPORT ATTACHMENTS: 11012022 TC minutes.pdf 15 Town Council Meeting Minutes of November 1, 2022 Page 1 Vail Town Council Meeting Minutes Tuesday, November 1, 2022 6:00 P.M. Vail Town Council Chambers The regular meeting of the Vail Town Council was called to order at approximately 6:00 P.M. by Mayor Langmaid. Members present: Kim Langmaid, Mayor Travis Coggin, Mayor Pro Tem Barry Davis Kevin Foley Jen Mason Pete Seibert Jonathan Staufer Staff members present: Russell Forrest, Town Manager Kathleen Halloran, Deputy Town Manager Matt Mire, Town Attorney Staff members present virtually: Stephanie Bibbens, Town Clerk 1. Citizen Participation Tom Higgins, American Ski Exchange in Vail Village, expressed his frustration with the new loading and delivery regulations, requested a variance for his staff regarding the loading and delivery ordinance and asked that Council give the officers at Checkpoint Charlie the authority to make the judgement call on which vehicles can be allowed into the Village on a day-to-day basis. Colby Knox, a Vail resident, asked for clarification regarding public parking at the outlying employee lots at Ford Park, Red Sandstone Parking Structure, and the soccer fields. Jeanne McQueeny, Eagle County Commissioner, encouraged the community members to get their ballots in for the upcoming election on November 8, 2022. 2. Recognitions 2.1 Recognition of Dwight Henninger's Service as the International Chiefs of Police President 16 Town Council Meeting Minutes of November 1, 2022 Page 2 Background: Chief Henninger has served as the President of the International Association of Chiefs of Police for the past year. The Chief started his presidency dealing with a worldwide pandemic; a summer of unrest following the death of George Floyd, and an overwhelming number of natural disasters that left our country reeling. With those challenges in mind, Chief Henninger made it his priority to the building and rebuilding of community trust. Chief Henninger has said, “building and rebuilding trust in our communities and around the world, is something so critical that we cannot lose focus on it as our primary objective”. He has spent the last year travelling the globe taking this message to police leaders. Chief Henninger has been an excellent model for law enforcement leaders to follow and an outstanding representation of the Town of Vail. Henninger thanked his team, Town Council, the Town Manager and the community for their support when he took on the role of President of the International Association of Chiefs of Police. 2.2 Recognition of the 2022 Eagle County Public Safety Awards Background: Last month, Sergeants Dempsey and Bindle, Officers Sommer, Castillo and Clausen and Dispatchers Gardner and Sheets received a Unit Citation Award during the Eagle County Public Safety Appreciation Ceremony for their handling of a person experiencing a mental health crisis. Kris Cureau also received a Leadership award for her work managing multiple law enforcement projects including the County wide records management system, Mountain Safe Grant, Northwest Colorado All Hazards Incident Management Team, and a host of other projects. Henninger stated the communications team received another citation for all the work they had been doing while understaffed. He thanked Councilman Staufer for being at the event to hand out the citations to his team and acknowledged the Rotary Club for putting on the event, as well as Starting Hearts and the Eagle County team for putting together the videos for his team. Henninger also thanked Marc Wentworth for managing the communications team. 2.3 Recognizing Beth Markham and Walking Mountains Science Center for receiving Recycle Colorado's Outstanding Government or Non-Profit Diversion Program Award Background: Beth is the Environmental Sustainability Manager for the Town and in her three years has led programs and partnerships that are modeled across the state, the country, and internationally. She manages zero waste events, policy, sustainability workforce creation, increased access and infrastructure, education and outreach, and more. Markham thanked Council and the community for the recognition and stated the award was more for the Town of Vail. She also thanked Kristen Bertuglia for her leadership as the Environmental Sustainability Director and their partnership with Walking Mountains Science Center. 17 Town Council Meeting Minutes of November 1, 2022 Page 3 3. Consent Agenda 3.1 Resolution No. 51, Series of 2022, A Resolution Approving a Highway Maintenance Agreement between the Town of Vail and the Colorado Department of Transportation (CDOT) Approve, approve with amendments, or deny Resolution No. 51, Series of 2022 Background: The Town of Vail provides snow removal services for the Vail Frontage Roads as well as minor street maintenance. CDOT reimburses the town per an agreed-upon value. This agreement was changed from a 5- year agreement to an annual agreement in 2021. The value of the agreement was increased for the coming year, the total value of the agreement is $138,106.44. Foley made a motion to approve, Staufer seconded motion passed (7-0). 4. Town Manager Report 4.1 Council Matters Status Report Forrest explained there was an environmental impact report for Middle Creek as well as an update on the construction traffic and the Residences at Marriott site. Halloran stated there was a new Council Matters Status Report that will address Council’s feedback during Matters from Mayor in the afternoon work sessions, explaining this would provide an opportunity for staff to provide follow up to both the public and Council regarding those topics. 4.2 Parking Update Hall reported parking sales were going strong and wanted to clarify some information to Council and the public:  Employee and Employee Plus Passes would pay on exit instead of having a credit card on file  Local and Eagle County Passes would still have a credit card on file and that card would get charged on exit. o Gate may read the license plate and raise automatically, but the credit card on file would be charged accordingly upon exit.  To avoid parking on the Frontage Road on slow filling days, parking staff could open Ford Park, Red Sandstone and Soccer Fields to the public 18 Town Council Meeting Minutes of November 1, 2022 Page 4 o Spots would be a managed according to demand and public would not be able to park in those lots unless staff turned on the ticketing system  Level 2 of the Red Sandstone Parking Structure was not available for use until Thanksgiving due to repairs that needed to be made.  Employee Plus, Employee, Local and Eagle County passholders were not guaranteed a spot to park. Council members voiced their concerns regarding the public being able to pull a ticket at any time and not just on overflow days in the outlying employee lots. Davis recommended limited signage in those lots to encourage employee parking instead of public parking. Stephanie Kashiwa, Parking Supervisor, stated the program they used in the parking lots had the capability to turn the transient ticket application off for the non-overflow days, and keeping the fee signage out in those lots would hinder the public from knowing the fees on the overflow days when they are able to park in those lots. Hall also stated currently there was no messaging to the public that those lots are available for parking, and the public would not be able to park in those lots unless it was a slow fill day and staff was trying to avoid going to the Frontage Road. Colby Knox, a Vail Resident, voiced his frustration with the new parking system and explained employee parking lots should not be available to the public even on overflow days. Coggin asked for clarification regarding ticketing on the Frontage Road. Hall answered that cars parked on the Frontage Road on an overflow day would be ticketed after 11:00pm that evening. Davis reiterated that the outlying employee parking lots could be restricted to just passes until staff had more data on how the outlying parking lots are being used. Coggin stated the Town would continue to monitor parking in the outlying employee parking lots and adjust accordingly. Hall stated the parking staff would be monitoring pass sales and would understand the demand on those lots based off those sales numbers. Chris Rogers, a Vail resident, voiced his grievances with the parking pass sale price increase and explained the Town has made it increasingly difficult for employees to live and park in Vail. 19 Town Council Meeting Minutes of November 1, 2022 Page 5 5. Presentation/Discussion 5.1 Wildlife Roundtable Presenter(s): Kristen Bertuglia, Environmental Sustainability Director Background: The purpose of the Eagle County Community Wildlife Roundtable is to gather a group of diverse stakeholders in the valley to understand and address issues facing wildlife populations. Together we will identify a shared vision and realistic actions to protect regional wildlife, while also ensuring that these actions are supported by the community as a whole. We want to leverage diverse values, creativity, and resources to move toward positive action and enduring solutions to the complex wildlife issues in Eagle County. Bertuglia explained the make-up of the Wildlife Roundtable and their priorities. She stated priority initiatives included identifying and prioritizing desirable habitat areas for protection, restoration, conservation and improvement; develop criteria to prioritize habitat improvement projects; and to develop the scope and resources for habitat conservation. Bertuglia also reviewed the Land Use Planning Committee, the Education/Outreach Committee & Human Wildlife Management Committee and the Habitat Management Committees current plans, work-to-date and future plan for each of the committees. Langmaid thanked the stakeholders for volunteering and their participation on the Wildlife Roundtable. Mason asked about the bike path in relationship to the wildlife fence in Dowd Junction. Greg Hall, Public Works and Transportation Director, explained the initial approval for the bike path had conditions that were set by the CPW back in the 1990’s regarding closures for the bike path. There being no further business to come before the council, Foley moved to adjourn the meeting; Davis seconded motion passed (7-0), meet adjourned at 7:11pm. Respectfully Submitted, Attest: __________________________________ Kim Langmaid, Mayor ___________________________________ Stephanie Bibbens, Town Clerk 20 AGENDA ITEM NO. 4.2 Item Cover Page DATE:December 20, 2022 SUBMITTED BY:Stephanie Bibbens, Town Manager ITEM TYPE:Consent Agenda AGENDA SECTION:Consent Agenda (5 min.) SUBJECT:November 15, 2022 TC Meeting Minutes SUGGESTED ACTION: VAIL TOWN COUNCIL AGENDA ITEM REPORT ATTACHMENTS: 11152022 TC minutes.pdf 21 Town Council Meeting Minutes of November 15, 2022 Page 1 Vail Town Council Meeting Minutes Tuesday, November 15, 2022 6:00 P.M. Vail Town Council Chambers The regular meeting of the Vail Town Council was called to order at approximately 6:00 P.M. by Mayor Langmaid. Members present: Kim Langmaid, Mayor Travis Coggin, Mayor Pro Tem Kevin Foley Jen Mason Pete Seibert Barry Davis Jonathan Staufer Staff members present: Russell Forrest, Town Manager Kathleen Halloran, Deputy Town Manager Matt Mire, Town Attorney Stephanie Bibbens, Town Clerk 1. Citizen Participation Penny Wilson, an East Vail resident, thanked the Town for their assistance in completing the berm in East Vail. Robyn Smith, a Vail resident, expressed her concern for the lack of participation during Town Council meetings from the community. 2. Any action as a result of executive session There was none. 3. Proclamation 3.1 Proclamation No. 9, Series of 2022, Colorado Gives Day Approve Proclamation No. 9, Series of 2022. Presenter(s): John Weiss, Executive Director of Small Champions Inc. and Christine Holmberg, Executive Director of Foresight Ski Guides Background: Community First Foundation and FirstBank have partnered in an effort to increase charitable giving in our community through the online giving initiative Colorado Gives Day. 22 Town Council Meeting Minutes of November 15, 2022 Page 2 Colorado Gives Day in 2021 raised $55 million in a single 24-hour period via online donation and over $2 million to Eagle County nonprofits via 4,000 individual donations at eaglecountycoloradogives.org, a website allowing donors to direct their contributions to one or more of the over 60 local Eagle County charities featured on the site, making it an ideal resource for facilitating charitable giving to our locally-based nonprofit organization. Each council member took a turn reading Proclamation No. 9, Series of 2021 into the record. 4. Consent Agenda 4.1 October 4, 2022 TC Meeting Minutes Foley made a motion to approve; Mason seconded motion passed (7-0). 4.2 October 18, 2022 TC Meeting Minutes Mason made a motion to approve; Foley seconded motion passed (7-0). 4.3 Resolution No. 52, Series of 2022, A Resolution Approving an Amended Operating Plan and Budget of the Vail Local Marketing District for its Fiscal Year January 1, 2022 Through December 31, 2022. Approve, approve with amendments, or deny Resolution No. 52, Series of 2022. Staufer made a motion to approve, Foley seconded motion passed (7-0). 4.4 Resolution No. 53, Series of 2022, A Resolution Designating Bank Accounts for the Town of Vail with Russell Forrest, Kathleen Halloran, and Carlie Smith as the Designated Signers on those Accounts, Permitted by the Charter of the Town, its Ordinances, and the Statutes of the State of Colorado; and Setting Forth Details in Regard Thereto Approve, approve with amendments or deny Resolution No. 53, Series of 2022. Background: The Town has the power to designate banks or financial institutions for funds of the Town and the Town wishes to designate bank accounts with First Bank of Vail and Alpine Bank with Russell Forrest, Kathleen Halloran, and Carlie Smith as signers on these accounts. Davis made a motion to approve; Mason seconded motion passed (7-0). 4.5 Letter Requesting a Meeting to Explore Partnership Opportunities with United States Postal Service. Approve Mayor Langmaid to sign letter on behalf of the Vail Town Council. Background: The United States Postal Service owns and operates facilities which we believe may have the potential to be redeveloped. Any potential redevelopment opportunity is likely to not only result in new, state of the art facilities for the Postal Service, but also achieve a shared objective of providing affordable homes for the Postal Service employees. 23 Town Council Meeting Minutes of November 15, 2022 Page 3 Coggin made a motion to approve, Staufer seconded motion passed (7-0). 5. Town Manager Report 5.1 Council Matters Status Report 5.2 Inflation and Relief Retention Bonus Update Forrest updated Council on the difficulties the Town of Vail staff were having with retention and inflation. He requested Council support the retention bonus proposed by the Human Resources Department. Council supported the bonus. Forrest also notified Council members of a potential mini-retreat for the second Town Council meeting in January to discuss priorities moving forward. 6. Action Items 6.1 Agreement for Lobbying Services with Squire Patton Boggs, and an Intergovernmental Agreement with the Town of Avon, and Eagle County. Approve, approve with amendments, or deny Resolution No. 54, Series of 2022. Presenter(s): Kathleen Halloran, Deputy Town Manager Background: The Town of Vail is partnering with the Town of Avon and Eagle County to jointly share the cost of a federal lobbyist. The federal lobbying services would include monitoring federal legislation and federal funding opportunities as well as advocate for legislative positions. The monthly retainer totals $10,000, shared equally among the three partners. High priority items for the group include housing, wildfire response and mitigation, and multi-modal transportation. Halloran explained what the lobbying services entailed and asked for Council feedback. Langmaid stated she would like to see efforts made toward retrofitting buildings. Foley expressed he would like to keep track of the Tennessee Rail Line. Staufer clarified the lobbyist would be looking for funding opportunities and not actually lobbying for projects. Mason requested more information explaining why Minturn and other communities are not a part of the IGA. Foley made a motion to approve, Coggin seconded motion passed (7-0). 24 Town Council Meeting Minutes of November 15, 2022 Page 4 6.2 Contract Award to Cesare, Inc. for Geotechnical Work at Timber Ridge Direct the Town Manager to enter into a contract, as approve by the Town Attorney, with Cesare, Inc. up to an amount not to exceed $195,000. Presenter(s): Greg Hall, Public Works and Transportation Director Background: The town has initiated redevelopment of the town-owned Timber Ridge Apartments. In order to further the progression of design plans, better define risks and associated costs related to the project, geotechnical investigations are required. Hall stated the topic was an action item because even though the funds were budgeted, there wasn’t an authorization to a specific project. Hall explained staff wanted to understand what is under the existing Timber Ridge and areas where there could be expansion. This will also ensure the Town will own the data and the work can get done in a timely manner. Coggin made a motion to approve; Foley seconded motion passed (7-0). 6.3 Ordinance No. 20, Series of 2022, First Reading, An Ordinance Amending Sections 7- 12-2, 7-12-6, and 7-12-7 of the Vail town Code Regarding Pedestrian Mall Areas in Town Approve, approve with amendments, or deny Ordinance 20, Series of 2022 upon first reading. Presenter(s): Commander Ryan Kenney, Vail Police Department Background: On August 16, 2022, the Town Council passed revisions to Title 7 of the Vail Town Code related to pedestrian and vehicular circulation in pedestrian malls in the Town. That ordinance established a detailed fee calculation for the assessment of loading dock fees. To promote efficiency and consistency, the Town wishes to remove the detailed fee calculation from the Vail Town Code and instead place such information in the Town's fee schedule, modify the definitions and correct an erroneous reference to the Colorado Municipal Court Rules of Procedure and correct the language allowing High Volume Commercial Carriers into the village. This exemption will only apply to smaller box trucks and not freight vehicles. Freight will be diverted into the loading docks. Kenney explained the amendments would clean up the ordinance language and there were no major changes to the ordinance. Foley expressed there had been complaints made regarding issues with access to small businesses through Checkpoint Charlie and the response from PD had not been helpful to merchants. Kenney explained the PD has been meeting with each business regarding their complaints and had only one open complaint that he was still working on a solution for. All other complaints had been remedied. 25 Town Council Meeting Minutes of November 15, 2022 Page 5 Coggin made a motion to approve; Staufer seconded motion passed (7-0). 6.4 Ordinance No. 21, Series of 2022, First Reading, An Ordinance Providing for the Levy Assessment and Collection of Town Ad Valorem Property Taxes Due for the 2022 Tax Year and Payable in the 2023 Fiscal Year. Approve, approve with amendments or deny Ordinance No. 21, Series of 2022 upon first reading. Presenter(s): Carlie Smith, Finance Director Background: Please see attached memo. Smith explained the ordinance allowed for the collection of the 2023 property taxes based off 2022 evaluations. Smith stated the 2023 Mill Levy is proposed to increase from 4.69 up to 4.801 and was projected to generate $5.7 million dollars in revenue for the Town, which would be 6.5% of the Town’s total revenue for 2023. Coggin clarified that the projections are flat with last year. Coggin made a motion to approve, Foley seconded motion passed (7-0). 6.5 Ordinance No. 22, Series of 2022, First Reading, Annual Appropriation Ordinance: Adopting a Budget and Financial Plan and Making Appropriations to Pay the Costs, Expenses, and Liabilities of the Town of Vail, Colorado for Its Fiscal Year January 1, 2023 through December 31, 2023. Approve, approve with amendments or deny Ordinance No. 22, Series of 2022 upon first reading. Presenter(s): Carlie Smith, Finance Director Background: Please see attached memo. Smith presented the first reading of Ordinance No. 22, Series of 2022 with the Council reminding them they had seen a draft of the budget during the November 1 meeting. Smith explained the revenues were budgeted conservatively and expenditures had been carefully reviewed to ensure they supported the community and Council’s priorities. Mason stated she appreciated how conservative the numbers were for the upcoming year’s budget. Smith also explained that if the Town were to go into a recession, there was a recession plan that staff could look to for guidance to adjust those numbers further. 26 Town Council Meeting Minutes of November 15, 2022 Page 6 Smith reviewed the changes per their direction at that November 1 meeting. Expenditures • General Fund:  Contribution of $100K towards ECO Trails designated for Minturn Spur Section  $50K for annual CharegPoint expenditures  Council voted to re-evaluate Vail Religious Foundations additional request after first quarter  Reclass $52K from Capital Projects Fund to General Fund for Synexis costs • Capital Projects Fund:  $40K placeholder for installation of electric vehicle stations to meet increase in demand  Staff will pursue grant opportunities for equipment and installation costs • Residences at Main Vail Placeholders:  Revenue: $773.8K  Transfer of $825K from Capital Projects Fund:  Interest payment of $415K (due June 30, 2023)  Initial operating costs  Expenditures: $1.6M  Debt services: $1.2M  Operations: $362K Smith explained staff would be back in December for policy discussions for Residences at Main Vail which would include rental rates, property management and loan payback to the Capital Projects Fund. Smith presented a high-level summary of the Town’s funds which included revenue, expenditures, and a view of the ending fund balances. Smith explained the Town took on debt to fund the Public Works Shop and Residences at Main Vail Projects. The total in debt service payments would be $2.4M in 2023 with a total outstanding debt at the end of 2022 of $40.4M. Smith stated at the end of 2023, the Town was projected to have $79.5M available in reserves, which was a healthy fund balance, but there were large capital projects coming up. Coggin requested an additional $15K toward the E-Bike Rebate program with the understanding that if someone lived in Vail and purchased a bike in Vail, they would receive a $250.00 rebate and if someone lived in Vail and purchased a bike in Eagle County, they would receive $150.00 rebate. Coggin explained he would not support the current proposed budget based off the uncertainty with the East Vail parcel, uncertain economic indicators and disagreed with the timelines for some of the capital projects. 27 Town Council Meeting Minutes of November 15, 2022 Page 7 Langmaid stated even though the projects were included in the budget, Council could decide not to move forward or moved forward with projects based on economic certainty. Forrest proposed deferring significant capital expenditures until the end of the first quarter of 2023 and not making any contractual commitments until the Town had a better understanding of their economic status and asked for a break down of the recession plan. Smith explained depending on how much staff project revenues to decrease, the Town would cut their expenditures based on the different levels of the recession plan (minor, major and above). Smith stated that the Town was at one of the highest levels of the recession plan during the pandemic. Davis asked what would trigger the recession plan to take effect. Smith answered when the Town would see revenues decrease significantly below what was projected in the current budget. Foley asked for a more detailed understanding of the recession plan during second reading. Staufer recommended reviewing the 2008 financials for potential impacts and that he is comfortable with the projected conservative budget for 2023, but also agreed it would be a good idea to wait until the end of the first quarter for some of the bigger capital projects. Forrest suggested more information on the recession plan and its impacts on the second reading as well as a timeline of implementation. Smith explained the recession plan could be implemented quickly. Seibert expressed he would want the Town to be ready to spend the InDEED and employee rental funds should things turn down and potentially get more housing for the money. Seibert also expressed the need to monitor certain capital projects, specifically the snowmelt infrastructure, as he sees it as a general maintenance need. Greg Hall, Public Works and Transportation Director, addressed Council and explained staff could come back during second reading with additional reductions in projects and also identify certain projects that would be considered time-sensitive based off of where they were located and the impact on guests if the projects were not completed during the off season. Davis supported the additional $15K for the E-Bike rebate program. Four Council members raised their hand in support. Foley made a motion to approve the first reading of the 2023 budget with the addition of the $15K for the E-Bike Rebate Program; Staufer seconded motion passed (6-1, Coggin opposed). There being no further business to come before the council, Foley moved to adjourn the meeting; Staufer seconded motion passed (7-0), meet adjourned at 6:52pm. 28 Town Council Meeting Minutes of November 15, 2022 Page 8 Respectfully Submitted, Attest: __________________________________ Kim Langmaid, Mayor ___________________________________ Stephanie Bibbens, Town Clerk 29 AGENDA ITEM NO. 4.3 Item Cover Page DATE:December 20, 2022 SUBMITTED BY:George Ruther, Housing ITEM TYPE:Consent Agenda AGENDA SECTION:Consent Agenda (5 min.) SUBJECT:Resolution No. 60, Series of 2022, A Resolution Approving the Purchase of Residential Property SUGGESTED ACTION:Approve Resolution No. 60, Series of 2022 authorizing the Town Manager to enter into an agreement, in a form approved by the Town Attorney, the purchase of North Trails Townhomes, Unit D, 2477 Garmisch, Vail, Colorado in the amount of, and not to exceed, $306,277.00, plus closing costs. VAIL TOWN COUNCIL AGENDA ITEM REPORT ATTACHMENTS: Resolution No. 60 Series of 2022.pdf 2477 Garmisch Drive Unit D Contract to Buy and Sell Real Estate 12092022.pdf 30 RESOLUTION NO. 60 SERIES OF 2022 A RESOLUTION APPROVING THE PURCHASE OF RESIDENTIAL PROPERTY WHEREAS, (“Owner”) is the owner of certain residential property located in Vail, Colorado (the “Property”); and WHEREAS, the Town wishes to purchase the Property from Owner, and Owner wishes to sell the Property to the Town, pursuant to the terms of the Contract to Buy and Sell Real Estate, attached hereto as Exhibit A and incorporated herein by this reference (the “Contract”). NOW THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO THAT: Section 1. The Town Council hereby approves the Contract in substantially the same form attached hereto as Exhibit A and in a form approved by the Town Attorney, authorizes the appropriation of the funds necessary to complete the purchase of the Property and authorizes the Town Manager to execute the Contract on behalf of the Town. Section 2. This Resolution shall take effect immediately upon its passage. INTRODUCED, PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of Vail held this 20th day of December, 2022. ________________________________ Kimberly Langmaid, Mayor ATTEST: _________________________________ Stephanie Bibbens, Town Clerk 31 DocuSign Envelope ID: 7AC5C4BD-47C7-474D-BBEC-F00F349240FC 32 DocuSign Envelope ID: 7AC5C4BD-47C7-474D-BBEC-F00F349240FC 33 DocuSign Envelope ID: 7AC5C4BD-47C7-474D-BBEC-F00F349240FC 34 DocuSign Envelope ID: 7AC5C4BD-47C7-474D-BBEC-F00F349240FC 35 DocuSign Envelope ID: 7AC5C4BD-47C7-474D-BBEC-F00F349240FC 36 DocuSign Envelope ID: 7AC5C4BD-47C7-474D-BBEC-F00F349240FC 37 DocuSign Envelope ID: 7AC5C4BD-47C7-474D-BBEC-F00F349240FC 38 DocuSign Envelope ID: 7AC5C4BD-47C7-474D-BBEC-F00F349240FC 39 DocuSign Envelope ID: 7AC5C4BD-47C7-474D-BBEC-F00F349240FC 40 DocuSign Envelope ID: 7AC5C4BD-47C7-474D-BBEC-F00F349240FC 41 DocuSign Envelope ID: 7AC5C4BD-47C7-474D-BBEC-F00F349240FC 42 DocuSign Envelope ID: 7AC5C4BD-47C7-474D-BBEC-F00F349240FC 43 DocuSign Envelope ID: 7AC5C4BD-47C7-474D-BBEC-F00F349240FC 44 DocuSign Envelope ID: 7AC5C4BD-47C7-474D-BBEC-F00F349240FC 45 DocuSign Envelope ID: 7AC5C4BD-47C7-474D-BBEC-F00F349240FC 46 DocuSign Envelope ID: 7AC5C4BD-47C7-474D-BBEC-F00F349240FC 47 DocuSign Envelope ID: 7AC5C4BD-47C7-474D-BBEC-F00F349240FC 48 DocuSign Envelope ID: 7AC5C4BD-47C7-474D-BBEC-F00F349240FC 12/9/2022 49 DocuSign Envelope ID: 7AC5C4BD-47C7-474D-BBEC-F00F349240FC 50 AGENDA ITEM NO. 4.4 Item Cover Page DATE:December 20, 2022 SUBMITTED BY:George Ruther, Housing ITEM TYPE:Consent Agenda AGENDA SECTION:Consent Agenda (5 min.) SUBJECT:Resolution No. 61, Series of 2022, A Resolution Authorizing the Purchase of Residential Property SUGGESTED ACTION:Approve Resolution No. 61, Series of 2022 authorizing the Town Manager to enter into an agreement, in a form approved by the Town Attorney, the purchase of Homestake at Vail Condominium, Unit B103, 1081 Vail View Drive, Vail, Colorado in the amount of, and not to exceed, $465,000.00, plus closing costs. VAIL TOWN COUNCIL AGENDA ITEM REPORT ATTACHMENTS: Resolution No. 61 Series of 2022.pdf Contract to Buy and Sell Purchase of 1081 Vail View Dr #B103.pdf 51 RESOLUTION NO. 60 SERIES OF 2022 A RESOLUTION APPROVING THE PURCHASE OF RESIDENTIAL PROPERTY WHEREAS, (“Owner”) is the owner of certain residential property located in Vail, Colorado (the “Property”); and WHEREAS, the Town wishes to purchase the Property from Owner, and Owner wishes to sell the Property to the Town, pursuant to the terms of the Contract to Buy and Sell Real Estate, attached hereto as Exhibit A and incorporated herein by this reference (the “Contract”). NOW THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO THAT: Section 1. The Town Council hereby approves the Contract in substantially the same form attached hereto as Exhibit A and in a form approved by the Town Attorney, authorizes the appropriation of the funds necessary to complete the purchase of the Property and authorizes the Town Manager to execute the Contract on behalf of the Town. Section 2. This Resolution shall take effect immediately upon its passage. INTRODUCED, PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of Vail held this 20th day of December, 2022. ________________________________ Kimberly Langmaid, Mayor ATTEST: _________________________________ Stephanie Bibbens, Town Clerk 52 CBS1--6-21. CONTRACT TO BUY AND SELL REAL ESTATE (RESIDENTIAL) Page 1 of 19 The printed portions of this form, except differentiated additions, have been approved by the Colorado Real Estate Commission . 1 (CBS1-6-21) (Mandatory 1-22) 2 3 THIS FORM HAS IMPORTANT LEGAL CONSEQUENCES AND THE PARTIES SHOULD CONSULT LEGAL AND TAX OR 4 OTHER COUNSEL BEFORE SIGNING. 5 6 CONTRACT TO BUY AND SELL REAL ESTATE 7 (RESIDENTIAL) 8 9 Date: 10 AGREEMENT 11 1.AGREEMENT. Buyer agrees to buy and Seller agrees to sell the Property described below on the terms and conditions set12 forth in this contract (Contract).13 2.PARTIES AND PROPERTY.14 2.1. Buyer. (Buyer) will take title 15 to the Property described below as Joint Tenants Tenants In Common Other . 16 2.2. No Assignability. This Contract IS NOT assignable by Buyer unless otherwise specified in Additional Provisions. 17 2.3. Seller. (Seller) is the current 18 owner of the Property described below. 19 2.4. Property. The Property is the following legally described real estate in the County of , Colorado 20 (insert legal description): 21 22 23 24 25 26 known as: , 27 Street Address City State Zip 28 together with the interests, easements, rights, benefits, improvements and attached fixtures appurtenant thereto and all inte rest of 29 Seller in vacated streets and alleys adjacent thereto, except as herein excluded (Property). 30 2.5. Inclusions. The Purchase Price includes the following items (Inclusions): 31 2.5.1. Inclusions – Attached. If attached to the Property on the date of this Contract, the following items are 32 included unless excluded under Exclusions: lighting, heating, plumbing, ventilating and air conditioning units, TV antennas, inside 33 telephone, network and coaxial (cable) wiring and connecting blocks/jacks, plants, mirrors, floor coverings, intercom systems, built-34 in kitchen appliances, sprinkler systems and controls, built -in vacuum systems (including accessories) and garage door openers 35 (including _______ remote controls). If checked, the following are owned by the Seller and included: Solar Panels Water 36 Softeners Security Systems Satellite Systems (including satellite dishes). Leased items should be listed under § 2.5.7. 37 (Leased Items). If any additional items are attached to the Property after the date of this Contract, such additional items are also 38 included in the Purchase Price. 39 2.5.2. Inclusions – Not Attached. If on the Property, whether attached or not, on the date of this Contract, the 40 following items are included unless excluded under Exclusions: storm windows, storm doors, window and porch shades, awnings, 41 blinds, screens, window coverings and treatments, curtain rods, drapery rods, fireplace inserts, fireplace screens, fireplace grates, 42 heating stoves, storage sheds, carbon monoxide alarms, smoke/fire detectors and all keys. 43 2.5.3. Other Inclusions. The following items, whether fixtures or personal property, are also included in the 44 Purchase Price: 45 46 47 48 49 50 If the box is checked, Buyer and Seller have concurrently entered into a separate agreement for additional personal 51 property outside of this Contract. 52 53 CBS1--6-21. CONTRACT TO BUY AND SELL REAL ESTATE (RESIDENTIAL) Page 2 of 19 2.5.4. Encumbered Inclusions. Any Inclusions owned by Seller (e.g., owned solar panels) must be conveyed at 53 Closing by Seller free and clear of all taxes (except personal property and general real estate taxes for the year of Closing), liens and 54 encumbrances, except: 55 56 57 58 2.5.5. Personal Property Conveyance. Conveyance of all personal property will be by bill of sale or other 59 applicable legal instrument. 60 2.5.6. Parking and Storage Facilities. The use or ownership of the following parking facilities: 61 ; and the use or ownership of the following storage facilities: . 62 Note to Buyer: If exact rights to the parking and storage facilities is a concern to Buyer, Buyer should investigate. 63 2.5.7. Leased Items. The following personal property is currently leased to Seller which will be transferred to Buyer 64 at Closing (Leased Items): 65 66 67 68 69 2.6. Exclusions. The following items are excluded (Exclusions): 70 71 72 73 2.7. Water Rights/Well Rights. 74 2.7.1. Deeded Water Rights. The following legally described water rights: 75 76 77 78 Any deeded water rights will be conveyed by a good and sufficient deed at Closing. 79 2.7.2. Other Rights Relating to Water. The following rights relating to water not included in §§ 2.7.1., 2.7.3. and 80 2.7.4., will be transferred to Buyer at Closing: 81 82 83 84 85 2.7.3. Well Rights. Seller agrees to supply required information to Buyer about the well. Buyer understands that if 86 the well to be transferred is a “Small Capacity Well” or a “Domestic Exempt Water Well” used for ordinary household purposes, 87 Buyer must, prior to or at Closing, complete a Change in Ownership form for the well. If an existing well has not been registered 88 with the Colorado Division of Water Resources in the Department of Natural Resources (Division), Buyer must complete a 89 registration of existing well form for the well and pay the cost of registration. If no person will be providing a closing service in 90 connection with the transaction, Buyer must file the form with the Division within sixty days after Closing. The Well Permit # is 91 . 92 2.7.4. Water Stock Certificates. The water stock certificates to be transferred at Closing are as follows: 93 94 95 96 2.7.5. Conveyance. If Buyer is to receive any rights to water pursuant to § 2.7.2. (Other Rights Relating to Water), 97 § 2.7.3. (Well Rights), or § 2.7.4. (Water Stock Certificates), Seller agrees to convey such rights to Buyer by executing the applicable98 legal instrument at Closing.99 2.7.6. Water Rights Review. Buyer Does Does Not have a Right to Terminate if examination of the Water 100 Rights is unsatisfactory to Buyer on or before the Water Rights Examination Deadline. 101 3.DATES, DEADLINES AND APPLICABILITY.102 3.1. Dates and Deadlines.103 Item No. Reference Event Date or Deadline 1 §3 Time of Day Deadline 2 §4 Alternative Earnest Money Deadline Title 3 §8 Record Title Deadline (and Tax Certificate) 4 §8 Record Title Objection Deadline 54 CBS1--6-21. CONTRACT TO BUY AND SELL REAL ESTATE (RESIDENTIAL) Page 3 of 19 5 §8 Off-Record Title Deadline 6 §8 Off-Record Title Objection Deadline 7 §8 Title Resolution Deadline 8 §8 Third Party Right to Purchase/Approve Deadline Owners’ Association 9 §7 Association Documents Deadline 10 §7 Association Documents Termination Deadline Seller’s Disclosures 11 §10 Seller’s Property Disclosure Deadline 12 §10 Lead-Based Paint Disclosure Deadline Loan and Credit 13 §5 New Loan Application Deadline 14 §5 New Loan Terms Deadline 15 §5 New Loan Availability Deadline 16 §5 Buyer’s Credit Information Deadline 17 §5 Disapproval of Buyer’s Credit Information Deadline 18 §5 Existing Loan Deadline 19 §5 Existing Loan Termination Deadline 20 §5 Loan Transfer Approval Deadline 21 § 4 Seller or Private Financing Deadline Appraisal 22 §6 Appraisal Deadline 23 §6 Appraisal Objection Deadline 24 §6 Appraisal Resolution Deadline Survey 25 §9 New ILC or New Survey Deadline 26 §9 New ILC or New Survey Objection Deadline 27 §9 New ILC or New Survey Resolution Deadline Inspection and Due Diligence 28 §2 Water Rights Examination Deadline 29 §8 Mineral Rights Examination Deadline 30 §10 Inspection Termination Deadline 31 §10 Inspection Objection Deadline 32 §10 Inspection Resolution Deadline 33 §10 Property Insurance Termination Deadline 34 §10 Due Diligence Documents Delivery Deadline 35 §10 Due Diligence Documents Objection Deadline 36 §10 Due Diligence Documents Resolution Deadline 37 §10 Conditional Sale Deadline 38 §10 Lead-Based Paint Termination Deadline Closing and Possession 39 §12 Closing Date 40 §17 Possession Date 41 §17 Possession Time 42 §27 Acceptance Deadline Date 43 §27 Acceptance Deadline Time Note: If FHA or VA loan boxes are checked in § 4.5.3. (Loan Limitations), the Appraisal deadlines DO NOT apply to FHA 104 insured or VA guaranteed loans. 105 3.2. Applicability of Terms. If any deadline blank in § 3.1. (Dates and Deadlines) is left blank or completed with “N/A”, 106 or the word “Deleted,” such deadline is not applicable and the corresponding provision containing the deadline is deleted. Any box 107 checked in this Contract means the corresponding provision applies. If no box is checked in a provision that contains a selection of 108 “None”, such provision means that “None” applies. 109 55 CBS1--6-21. CONTRACT TO BUY AND SELL REAL ESTATE (RESIDENTIAL) Page 4 of 19 The abbreviation “MEC” (mutual execution of this Contract) means the date upon which both parties have signed this Contract. The 110 abbreviation “N/A” as used in this Contract means not applicab le. 111 3.3. Day; Computation of Period of Days; Deadlines. 112 3.3.1. Day. As used in this Contract, the term “day” means the entire day ending at 11:59 p.m., United States 113 Mountain Time (Standard or Daylight Savings, as applicable). Except however, if a Time of Day Deadline is specified in § 3.1. 114 (Dates and Deadlines), all Objection Deadlines, Resolution Deadlines, Examination Deadlines and Termina tion Deadlines will end 115 on the specified deadline date at the time of day specified in the Time of Day Deadline, United States Mountain Time. If Time of 116 Day Deadline is left blank or “N/A” the deadlines will expire at 11:59 p.m., United States Mountain Time. 117 3.3.2. Computation of Period of Days. In computing a period of days (e.g., three days after MEC), when the 118 ending date is not specified, the first day is excluded and the last day is included. 119 3.3.3. Deadlines. If any deadline falls on a Saturday, Sunday or federal or Colorado state holiday (Holiday), such 120 deadline Will Will Not be extended to the next day that is not a Saturday, Sunday or Holiday. Should neith er box be checked, 121 the deadline will not be extended. 122 4.PURCHASE PRICE AND TERMS.123 4.1. Price and Terms. The Purchase Price set forth below is payable in U.S. Dollars by Buyer as follows: 124 Item No. Reference Item Amount Amount 1 §4.1.Purchase Price $ 2 §4.3.Earnest Money $ 3 §4.5.New Loan $ 4 §4.6.Assumption Balance $ 5 §4.7.Private Financing $ 6 §4.7.Seller Financing $ 7 8 9 §4.4.Cash at Closing $ 10 TOTAL $ $ 4.2. Seller Concession. At Closing, Seller will credit to Buyer $______________ (Seller Concession). The Seller 125 Concession may be used for any Buyer fee, cost, charge or expenditure to the extent the amount is allowed by the Buyer ’s lender 126 and is included in the Closing Statement or Closing Disclosure at Closing. Examples of allowable items to be paid for by the Seller 127 Concession include, but are not limited to: Buyer’s closing costs, loan discount points, loan origination fees, prepaid items and any 128 other fee, cost, charge, expense or expenditure. Seller Concession is in addition to any sum Seller has agreed to pay or credit Buyer 129 elsewhere in this Contract. 130 4.3. Earnest Money. The Earnest Money set forth in this Section, in the form of a ______________________, will be 131 payable to and held by ________________________________________ (Earnest Money Holder), in its trust account, on behalf of 132 both Seller and Buyer. The Earnest Money deposit must be tendered, by Buyer, with this Contract unless the parties mutually a gree 133 to an Alternative Earnest Money Deadline for its payment. The parties authorize delivery of the Earnest Money deposit to the 134 company conducting the Closing (Closing Company), if any, at or before Closing. In the event Earnest Money Holder has agreed to 135 have interest on Earnest Money deposits transferred to a fund established for the purpose of providing affordable housing to Colorado 136 residents, Seller and Buyer acknowledge and agree that any interest accruing on the Earnest Money deposited with the Earne st 137 Money Holder in this transaction will be transferred to such fund. 138 4.3.1. Alternative Earnest Money Deadline. The deadline for delivering the Earnest Money, if other than at the 139 time of tender of this Contract, is as set forth as the Alternative Earnest Money Deadline. 140 4.3.2. Disposition of Earnest Money. If Buyer has a Right to Terminate and timely terminates, Buyer is entitled 141 to the return of Earnest Money as provided in this Contract. If this Contract is terminated as set forth in § 24 and, except as provided 142 in § 23 (Earnest Money Dispute), if the Earnest Money has not already been returned following receipt of a Notice to Terminate, 143 Seller agrees to execute and return to Buyer or Broker working with Buyer, written mutual instru ctions (e.g., Earnest Money Release 144 form), within three days of Seller’s receipt of such form. If Seller is entitled to the Earnest Money, and, except as provided in § 2 3 145 (Earnest Money Dispute), if the Earnest Money has not already been paid to Seller, following receipt of an Earnest Money Release 146 form, Buyer agrees to execute and return to Seller or Broker working with Seller, written mutual instructions (e.g., Earnest Money 147 Release form), within three days of Buyer’s receipt. 148 4.3.2.1. Seller Failure to Timely Return Earnest Money. If Seller fails to timely execute and return the 149 Earnest Money Release Form, or other written mutual instructions, Seller is in default and liable to Buyer as set forth in “If Seller 150 is in Default”, § 20.2. and § 21, unless Seller is entitled to the Earnest Money due to a Buyer default. 151 56 CBS1--6-21. CONTRACT TO BUY AND SELL REAL ESTATE (RESIDENTIAL) Page 5 of 19 4.3.2.2. Buyer Failure to Timely Release Earnest Money. If Buyer fails to timely execute and return the 152 Earnest Money Release Form, or other written mutual instructions, Buyer is in default and liable to Seller as set forth in “If Buyer 153 is in Default, § 20.1. and § 21, unless Buyer is entitled to the Earnest Money due to a Seller Default. 154 4.4. Form of Funds; Time of Payment; Available Funds. 155 4.4.1. Good Funds. All amounts payable by the parties at Closing, including any loan proceeds, Cash at Closing 156 and closing costs, must be in funds that c omply with all applicable Colorado laws, including electronic transfer funds, certified 157 check, savings and loan teller’s check and cashier’s check (Good Funds). 158 4.4.2. Time of Payment. All funds, including the Purchase Price to be paid by Buyer, must be paid before or at 159 Closing or as otherwise agreed in writing between the parties to allow disbursement by Closing Company at Closing OR SUCH 160 NONPAYING PARTY WILL BE IN DEFAULT. 161 4.4.3. Available Funds. Buyer represents that Buyer, as of the date of this Contract, Does Does Not have 162 funds that are immediately verifiable and available in an amount not less than the amount stated as Cash at Closing in § 4.1. 163 4.5. New Loan. 164 4.5.1. Buyer to Pay Loan Costs. Buyer, except as otherwise permitted in § 4.2. (Seller Concession), if applicable, 165 must timely pay Buyer’s loan costs, loan discount points, prepaid items and loan origination fees as required by lender. 166 4.5.2. Buyer May Select Financing. Buyer may pay in cash or select financing appropriate and acceptable to 167 Buyer, including a different loan than initially sought, except as restricted in § 4.5.3. (Loan Limitations) or § 29 (Additional 168 Provisions). 169 4.5.3. Loan Limitations. Buyer may purchase the Property using any of the following types of loans: 170 Conventional FHA VA Bond Other . 171 If either or both of the FHA or VA boxes are checked, and Buyer closes the transaction using one of those loan types, Seller agrees 172 to pay those closing costs and fees that Buyer is not allowed by law to pay not to exceed $ . 173 4.5.4. Loan Estimate – Monthly Payment and Loan Costs. Buyer is advised to review the terms, conditions and 174 costs of Buyer’s New Loan carefully. If Buyer is applying for a residential loan, the lender generally must provide Buyer with a 175 Loan Estimate within three days after Buyer completes a loan application. Buyer also should obtain an estimate of the amount of 176 Buyer’s monthly mortgage payment. 177 4.6. Assumption. Buyer agrees to assume and pay an existing loan in the approximate amount of the Assumption Balance 178 set forth in § 4.1. (Price and Terms), presently payable at $______________ per ________________ including principal and interest 179 presently at the rate of ________% per annum and also including escrow for the following as indicated: Real Estate Taxes 180 Property Insurance Premium Mortgage Insurance Premium and . 181 Buyer agrees to pay a loan transfer fee not to exceed $_____________. At the time of assumption, the new interest rate will 182 not exceed ________% per annum and the new payment will not exceed $_____________ per ________________ principal and 183 interest, plus escrow, if any. If the actual principal balance of the existing loan at Closing is less than the Assumption Balance, which 184 causes the amount of cash required from Buyer at Closing to be increased by more than $_____________, or if any other terms o r 185 provisions of the loan change, Buyer has the Right to Terminate under § 24.1. on or before Closing Date. 186 Seller Will Will Not be released from liability on said loan. If applicable, compliance with the requirements for release 187 from liability will be evidenced by delivery on or before Loan Transfer Approval Deadline at Closing of an appropriate 188 letter of commitment from lender. Any cost payable for release of liability will be paid by in an amount 189 not to exceed $_____________. 190 4.7. Seller or Private Financing. 191 WARNING: Unless the transaction is exempt, federal and state laws impose licensing, other requirements and restrictions on sellers 192 and private financiers. Contract provisions on financing and financing documents, unless exempt, should be prepared by a licensed 193 Colorado attorney or licensed mortgage loan originator. Brokers should not prepare or advise the parties on the specifics of financing, 194 including whether or not a party is exempt from the law. 195 4.7.1. Seller Financing. If Buyer is to pay all or any portion of the Purchase Price with Seller financing, Buyer 196 Seller will deliver the proposed Seller financing documents to the other party on or before _________ days befo re Seller or 197 Private Financing Deadline. 198 4.7.1.1. Seller May Terminate. If Seller is to provide Seller financing, this Contract is conditional upon 199 Seller determining whether such financing is satisfactory to the Seller, including its payments, interes t rate, terms, conditions, cost, 200 and compliance with the law. Seller has the Right to Terminate under § 2 4.1., on or before Seller or Private Financing Deadline, 201 if such Seller financing is not satisfactory to Seller, in Seller’s sole subjective discretion. 202 4.7.2. Buyer May Terminate. If Buyer is to pay all or any portion of the Purchase Price with Seller or private 203 financing, this Contract is conditional upon Buyer determining whether such financing is satisfactory to Buyer, including its 204 availability, payments, interest rate, terms, conditions, and cost. Buyer has the Right to Terminate under § 24.1, on or before Seller 205 or Private Financing Deadline, if such Seller or private financing is not satisfactory to Buyer, in Buyer’s sole subjective discretion. 206 57 CBS1--6-21. CONTRACT TO BUY AND SELL REAL ESTATE (RESIDENTIAL) Page 6 of 19 TRANSACTION PROVISIONS 207 5. FINANCING CONDITIONS AND OBLIGATIONS. 208 5.1. New Loan Application. If Buyer is to pay all or part of the Purchase Price by obtaining one or more new loans (New 209 Loan), or if an existing loan is not to be released at Closing, Buyer, if required by such lender, must make an application v erifiable 210 by such lender, on or before New Loan Application Deadline and exercise reasonable efforts to obtain such loan or approval. 211 5.2. New Loan Terms; New Loan Availability. 212 5.2.1. New Loan Terms. If Buyer is to pay all or part of the Purchase Price with a New Loan, this Contract i s 213 conditional upon Buyer determining, in Buyer’s sole subjective discretion, whether the proposed New Loan’s payments, interest 214 rate, conditions and costs or any other loan terms (New Loan Terms) are satisfactory to Buyer . This condition is for the sole benefit 215 of Buyer. Buyer has the Right to Terminate under § 24.1., on or before New Loan Terms Deadline, if the New Loan Terms are not 216 satisfactory to Buyer, in Buyer’s sole subjective discretion. 217 5.2.2. New Loan Availability. If Buyer is to pay all or part of the Purchase Price with a New Loan, this Contract is 218 conditional upon Buyer’s satisfaction with the availability of the New Loan based on the lender’s review and underwriting of Buyer’s 219 New Loan Application (New Loan Availability). Buyer has the Right to Terminate under § 24.1., on or before the New Loan 220 Availability Deadline if the New Loan Availability is not satisfactory to Buyer. Buyer does not have a Right to Terminate based on the 221 New Loan Availability if the termination is based on the New Loan Terms, Appraised Value (defined below), the Lender Property 222 Requirements (defined below), Insurability (§ 10.5. below) or the Conditional Upon Sale of Property (§ 10.7. below). IF SELLER IS 223 NOT IN DEFAULT AND DOES NOT TIMELY RECEIVE BUYER’S WRITTEN NOTICE TO TERMINATE, BUYER’S 224 EARNEST MONEY WILL BE NONREFUNDABLE, except as otherwise provided in this Contract (e.g., Appraisal, Title, 225 Survey). 226 5.3. Credit Information. If an existing loan is not to be released at Closing, this Contract is conditional (for the sole benefit 227 of Seller) upon Seller’s approval of Buyer’s financial ability and creditworthiness, which approval will be in Seller’s sole subjective 228 discretion. Accordingly: (1) Buyer must supply to Seller by Buyer’s Credit Information Deadline, at Buyer’s expense, information 229 and documents (including a current credit report) concerning Buyer ’s financial, employment and credit condition; (2) Buyer consents 230 that Seller may verify Buyer’s financial ability and creditworthiness; and (3) any such information and documents received by Seller 231 must be held by Seller in confidence and not released to others except to protect Seller’s interest in this transaction. If the Cash at 232 Closing is less than as set forth in § 4.1. of this Contract, Seller has the Right to Terminate under § 24.1., on or before Closing. If 233 Seller disapproves of Buyer’s financial ability or creditworthiness, in Seller ’s sole subjective discretion, Seller has the Right to 234 Terminate under § 24.1., on or before Disapproval of Buyer’s Credit Information Deadline. 235 5.4. Existing Loan Review. If an existing loan is not to be released at Closing, Seller must deliver copies of the loan 236 documents (including note, deed of trust and any modifications) to Buyer by Existing Loan Deadline. For the sole benefit of Buyer, 237 this Contract is conditional upon Buyer’s review and approval of the provisions of such loan documents. Buyer has the Right to 238 Terminate under § 24.1., on or before Existing Loan Termination Deadline, based on any unsatisfactory provision of such loan 239 documents, in Buyer’s sole subjective discretion. If the lender’s approval of a transfer of the Property is required, this Contract is 240 conditional upon Buyer obtaining such approval without change in the terms of such loan, except as set forth in § 4.6. If lender’s 241 approval is not obtained by Loan Transfer Approval Deadline, this Contract will terminate on such deadline. Seller has the Right 242 to Terminate under § 24.1., on or before Closing, in Seller’s sole subjective discretion, if Seller is to be released from liability under 243 such existing loan and Buyer does not obtain such compliance as set forth in § 4.6. 244 6. APPRAISAL PROVISIONS. 245 6.1. Appraisal Definition. An “Appraisal” is an opinion of value prepared by a licensed or certified appraiser, engaged on 246 behalf of Buyer or Buyer’s lender, to determine the Property’s market value (Appraised Value). The Appraisal may also set forth 247 certain lender requirements, replacements, removals or repairs necessary on or to the Property as a condition for the Property to be 248 valued at the Appraised Value. 249 6.2. Appraised Value. The applicable appraisal provision set forth below applies to the respective loan type set forth in 250 § 4.5.3., or if a cash transaction (i.e., no financing), § 6.2.1. applies. 251 6.2.1. Conventional/Other. Buyer has the right to obtain an Appraisal. If the Appraised Value is less than the 252 Purchase Price, or if the Appraisal is not received by Buyer on or before Appraisal Deadline Buyer may, on or before Appraisal 253 Objection Deadline: 254 6.2.1.1. Notice to Terminate. Notify Seller in writing, pursuant to § 24.1., that this Contract is terminated; 255 or 256 6.2.1.2. Appraisal Objection. Deliver to Seller a written objection accompanied by either a copy of the 257 Appraisal or written notice from lender that confirms the Apprais ed Value is less than the Purchase Price (Lender Verification). 258 6.2.1.3. Appraisal Resolution. If an Appraisal Objection is received by Seller, on or before Appraisal 259 Objection Deadline and if Buyer and Seller have not agreed in writing to a settlement thereof on or before Appraisal Resolution 260 Deadline, this Contract will terminate on the Appraisal Resolution Deadline, unless Seller receives Buyer’s written withdrawal of 261 the Appraisal Objection before such termination, (i.e., on or before expiration of Appraisal Resolution Deadline). 262 58 CBS1--6-21. CONTRACT TO BUY AND SELL REAL ESTATE (RESIDENTIAL) Page 7 of 19 6.2.2. FHA. It is expressly agreed that, notwithstanding any other provisions of this Contract, the purchaser (Buyer) 263 shall not be obligated to complete the purchase of the Property described herein or to incur any penalty by forfeiture of Ear nest 264 Money deposits or otherwise unless the purchaser (Buyer) has been given, in accordance with HUD/FHA or VA requirements, a 265 written statement issued by the Federal Housing Commissioner, Department of Veterans Affairs, or a Direct Endorsement lender, 266 setting forth the appraised value of the Property of not less than $______________. The purchaser (Buyer) shall have the privilege 267 and option of proceeding with the consummation of this Contract without regard to the amount of the appraised valuation. The 268 appraised valuation is arrived at to determine the maximum mortgage the Department of Housing and Urban Developme nt will 269 insure. HUD does not warrant the value nor the condition of the Property. The purchaser (Buyer) should satisfy 270 himself/herself/themselves that the price and condition of the Property are acceptable. 271 6.2.3. VA. It is expressly agreed that, notwithstanding any other provisions of this Contract, the purchaser (Buyer) 272 shall not incur any penalty by forfeiture of Earnest Money or otherwise or be obligated to complete the purchase of the Prope rty 273 described herein, if the Contract Purchase Price or cost exceeds the reasonable value of the Property established by the Department 274 of Veterans Affairs. The purchaser (Buyer) shall, however, have the privilege and option of proceeding with the consummation of 275 this Contract without regard to the amount of the re asonable value established by the Department of Veterans Affairs. 276 6.3. Lender Property Requirements. If the lender imposes any written requirements, replacements, removals or repairs, 277 including any specified in the Appraisal (Lender Property Requirements) to be made to the Property (e.g., roof repair, repainting), 278 beyond those matters already agreed to by Seller in this Contract, this Contract terminates on the earlier of three days following 279 Seller’s receipt of the Lender Property Requirements, or Closing, unless prior to termination: (1) the parties enter into a written 280 agreement to satisfy the Lender Property Requirements; (2) the Lender Property Requirements have been completed; or (3) the 281 satisfaction of the Lender Property Requirements is waived in writing by Buyer. 282 6.4. Cost of Appraisal. Cost of the Appraisal to be obtained after the date of this Contract must be timely paid by Buyer 283 Seller. The cost of the Appraisal may include any and all fees paid to the appraiser, appraisal management company, lender’s 284 agent or all three. 285 7. OWNERS’ ASSOCIATIONS. This Section is applicable if the Property is located within one or more Common Interest 286 Communities and subject to one or more declarations (Association). 287 7.1. Common Interest Community Disclosure. THE PROPERTY IS LOCATED WITHIN A COMMON 288 INTEREST COMMUNITY AND IS SUBJECT TO THE DECLARATION FOR THE COMMUNITY. THE OWNER OF 289 THE PROPERTY WILL BE REQUIRED TO BE A MEMBER OF THE OWNERS’ ASSOCIATION FOR THE 290 COMMUNITY AND WILL BE SUBJECT TO THE BYLAWS AND RULES AND REGULATIONS OF THE 291 ASSOCIATION. THE DECLARATION, BYLAWS AND RULES AND REGULATIONS WILL IMPOSE FINANCIAL 292 OBLIGATIONS UPON THE OWNER OF THE PROPERTY, INCLUDING AN OBLIGATION TO PAY ASSESSMENTS 293 OF THE ASSOCIATION. IF THE OWNER DOES NOT PAY THESE ASSESSMENTS, THE ASSOCIATION COULD 294 PLACE A LIEN ON THE PROPERTY AND POSSIBLY SELL IT TO PAY THE DEBT. THE DECLARATION, BYLAWS 295 AND RULES AND REGULATIONS OF THE COMMUNITY MAY PROHIBIT THE OWNER FROM MAKING 296 CHANGES TO THE PROPERTY WITHOUT AN ARCHITECTURAL REVIEW BY THE ASSOCIATION (OR A 297 COMMITTEE OF THE ASSOCIATION) AND THE APPROVAL OF THE ASSOCIATION. PURCHASERS OF 298 PROPERTY WITHIN THE COMMON INTEREST COMMUNITY SHOULD INVESTIGATE THE FINANCIAL 299 OBLIGATIONS OF MEMBERS OF THE ASSOCIATION. PURCHASERS SHOULD CAREFULLY READ THE 300 DECLARATION FOR THE COMMUNITY AND THE BYLAWS AND RULES AND REGULATIONS OF THE 301 ASSOCIATION. 302 7.2. Association Documents to Buyer. Seller is obligated to provide to Buyer the Association Documents (defined below), 303 at Seller’s expense, on or before Association Documents Deadline. Seller authorizes the Association to provide the Association 304 Documents to Buyer, at Seller’s expense. Seller’s obligation to provide the Association Documents is fulfilled upon Buyer’s receipt 305 of the Association Documents, regardless of who provides such documents. 306 7.3. Association Documents. Association documents (Association Documents) consist of the following: 307 7.3.1. All Association declarations, articles of incorporation, bylaws, articles of organization, operating agreements, 308 rules and regulations, party wall agreements and the Association’s responsible governance policies adopted under § 38-33.3-209.5, 309 C.R.S.; 310 7.3.2. Minutes of: (1) the annual owners’ or members’ meeting and (2) any executive boards’ or managers’ meetings; 311 such minutes include those provided under the most current annual disclosure required under § 38-33.3-209.4, C.R.S. (Annual 312 Disclosure) and minutes of meetings, if any, subsequent to the minutes disclosed in the Annual Disclosure . If none of the preceding 313 minutes exist, then the most recent minutes, if any (§§ 7.3.1. and 7.3.2., collectively, Governing Documents); and 314 7.3.3. List of all Association insurance policies as provided in the Association’s last Annual Disclosure, including, 315 but not limited to, property, general liability, association director and officer professional liability and fidelity policie s. The list must 316 include the company names, policy limits, policy deductibles, additional named insureds and expiration dates of the policies listed 317 (Association Insurance Documents); 318 7.3.4. A list by unit type of the Association’s assessments, including both regular and special assessments as 319 disclosed in the Association’s last Annual Disclosure; 320 59 CBS1--6-21. CONTRACT TO BUY AND SELL REAL ESTATE (RESIDENTIAL) Page 8 of 19 7.3.5. The Association’s most recent financial documents which consist of: (1) the Association ’s operating budget 321 for the current fiscal year, (2) the Association’s most recent annual financial statements, including any amounts held in reserve for 322 the fiscal year immediately preceding the Association’s last Annual Disclosure, (3) the results of the Association’s most recent 323 available financial audit or review, (4) list of the fees and charges (regardl ess of name or title of such fees or charges) that the 324 Association’s community association manager or Association will charge in connection with the Closing including, but not limited 325 to, any fee incident to the issuance of the Association’s statement of assessments (Status Letter), any rush or update fee charged for 326 the Status Letter, any record change fee or ownership record transfer fees (Record Change Fee), fees to access documents, (5) list of 327 all assessments required to be paid in advance, reserves or working capital due at Closing and (6) reserve study, if any (§§ 7.3.4. and 328 7.3.5., collectively, Financial Documents); 329 7.3.6. Any written notice from the Association to Seller of a “construction defect action” under § 38-33.3-303.5, 330 C.R.S. within the past six months and the result of whether the Association approved or disapproved such action (Construction331 Defect Documents). Nothing in this Section limits the Seller’s obligation to disclose adverse material facts as required under § 10.2.332 (Disclosure of Adverse Material Facts; Subsequent Disclosure; Present Condition) including any problems or defects in the common333 elements or limited common elements of the Association property .334 7.4. Conditional on Buyer’s Review. Buyer has the right to review the Association Documents. Buyer has the Right to 335 Terminate under § 24.1., on or before Association Documents Termination Deadline, based on any unsatisfactory provision in 336 any of the Association Documents, in Buyer ’s sole subjective discretion. Should Buyer receive the Association Documents after 337 Association Documents Deadline, Buyer, at Buyer’s option, has the Right to Terminate under § 24.1. by Buyer’s Notice to 338 Terminate received by Seller on or before ten days after Buyer ’s receipt of the Association Documents. If Buyer does not receive 339 the Association Documents, or if Buyer’s Notice to Terminate would otherwise be required to be received by Seller after Closing 340 Date, Buyer’s Notice to Terminate must be received by Seller on or before Closi ng. If Seller does not receive Buyer’s Notice to 341 Terminate within such time, Buyer accepts the provisions of the Association Documents as satisfactory and Buyer waives any Right 342 to Terminate under this provision, notwithstanding the provisions of § 8.6. (Third Party Right to Purchase/Approve). 343 8.TITLE INSURANCE, RECORD TITLE AND OFF-RECORD TITLE.344 8.1. Evidence of Record Title. 345 8.1.1. Seller Selects Title Insurance Company. If this box is checked, Seller will select the title insurance 346 company to furnish the owner’s title insurance policy at Seller’s expense. On or before Record Title Deadline, Seller must furnish 347 to Buyer, a current commitment for an owner’s title insurance policy (Title Commitment), in an amount equal to the Purchase Price, 348 or if this box is checked, an Abstract of Title certified to a current date. Seller will cause the title insurance policy to be issued 349 and delivered to Buyer as soon as practicable at or after Closing. 350 8.1.2. Buyer Selects Title Insurance Company. If this box is checked, Buyer will select the title insurance 351 company to furnish the owner’s title insurance policy at Buyer’s expense. On or before Record Title Deadline, Buyer must furnish to 352 Seller, a current commitment for owner’s title insurance policy (Title Commitment), in an amount equal to the Purchase Price. 353 If neither box in § 8.1.1. or § 8.1.2. is checked, § 8.1.1. applies. 354 8.1.3. Owner’s Extended Coverage (OEC). The Title Commitment Will Will Not contain Owner’s 355 Extended Coverage (OEC). If the Title Commitment is to contain OEC, it will commit to delete or insure over the standard exceptions 356 which relate to: (1) parties in possession, (2) unrecorded easements, (3) survey matters, (4) unrecorded mechanics ’ liens, (5) gap 357 period (period between the effective date and time of commitment to the date and time the deed is recorded) and (6) unpaid taxes, 358 assessments and unredeemed tax sales prior to the year of Closing. Any additional premium expense to obtain OEC will be paid by 359 Buyer Seller One-Half by Buyer and One-Half by Seller Other__________________________. 360 Regardless of whether the Contract requires OEC, the Title Insurance Commitment may not provide OEC or delete or insure over 361 any or all of the standard exceptions for OEC. The Title Insurance Company may require a New Survey or New ILC, defined below, 362 among other requirements for OEC. If the Title Insurance Commitment is not satisfactory to Buyer, Buyer has a right to object under 363 §8.7. (Right to Object to Title, Resolution).364 8.1.4. Title Documents. Title Documents consist of the following: (1) copies of any plats, declarations, covenants, 365 conditions and restrictions burdening the Property and (2) copies of any other documents (or, if illegible, summaries of such 366 documents) listed in the schedule of exceptions (Exceptions) in the Title Commitment furnished to Buyer (collectively, Title 367 Documents). 368 8.1.5. Copies of Title Documents. Buyer must receive, on or before Record Title Deadline, copies of all Title 369 Documents. This requirement pertains only to documents as shown of record in the office of the clerk and recorder in the county 370 where the Property is located. The cost of furnishing copies of the documents required in this Sectio n will be at the expense of the 371 party or parties obligated to pay for the owner’s title insurance policy. 372 8.1.6. Existing Abstracts of Title. Seller must deliver to Buyer copies of any abstracts of title covering all or any 373 portion of the Property (Abstract of Title) in Seller’s possession on or before Record Title Deadline. 374 8.2. Record Title. Buyer has the right to review and object to the Abstract of Title or Title Commitment and any of the 375 Title Documents as set forth in § 8.7. (Right to Object to Title, Resolution) on or before Record Title Objection Deadline. Buyer’s 376 objection may be based on any unsatisfactory form or content of Title Commitment or Abstract of Title, notwithstanding § 13, or 377 any other unsatisfactory title condition, in Buyer’s sole subjective discretion. If the Abstract of Title, Title Commitment or Title 378 60 CBS1--6-21. CONTRACT TO BUY AND SELL REAL ESTATE (RESIDENTIAL) Page 9 of 19 Documents are not received by Buyer on or before the Record Title Deadline, or if there is an endorsement to the Title Commitment 379 that adds a new Exception to title, a copy o f the new Exception to title and the modified Title Commitment will be delivered to 380 Buyer. Buyer has until the earlier of Closing or ten days after receipt of such documents by Buyer to review and object to: (1) any 381 required Title Document not timely received by Buyer, (2) any change to the Abstract of Title, Title Commitment or Title Documents, 382 or (3) any endorsement to the Title Commitment. If Seller receives Buyer’s Notice to Terminate or Notice of Title Objection, 383 pursuant to this § 8.2. (Record Title), any title objection by Buyer is governed by the provisions set forth in § 8.7. (Right to Object 384 to Title, Resolution). If Seller has fulfilled all Seller’s obligations, if any, to deliver to Buyer all documents required by § 8.1. 385 (Evidence of Record Title) and Seller does not receive Buyer’s Notice to Terminate or Notice of Title Objection by the applicable 386 deadline specified above, Buyer accepts the condition of title as disclosed by the Abstract of Title, Title Commitment and Ti tle 387 Documents as satisfactory. 388 8.3. Off-Record Title. Seller must deliver to Buyer, on or before Off-Record Title Deadline, true copies of all existing 389 surveys in Seller’s possession pertaining to the Property and must disclose to Buyer all easements, liens (including, without 390 limitation, governmental improvements approved, but not yet installed) or other title matters not shown by public records, of w hich 391 Seller has actual knowledge (Off-Record Matters). This Section excludes any New ILC or New Survey governed under § 9 (New 392 ILC, New Survey). Buyer has the right to inspect the Property to investigate if any third party has any right in the Property not shown 393 by public records (e.g., unrecorded easement, boundary line discrepancy or water rights). Buyer ’s Notice to Terminate or Notice of 394 Title Objection of any unsatisfactory condition (whether disclosed by Seller or revealed by such inspection, notwithstanding § 8.2. 395 (Record Title) and § 13 (Transfer of Title), in Buyer’s sole subjective discretion, must be received by Seller on or before Off-Record 396 Title Objection Deadline. If an Off-Record Matter is received by Buyer after the Off-Record Title Deadline, Buyer has until the 397 earlier of Closing or ten days after receipt by Buyer to review and object to such Off-Record Matter. If Seller receives Buyer’s Notice 398 to Terminate or Notice of Title Objection pursuant to this § 8.3. (Off-Record Title), any title objection by Buyer is governed by the 399 provisions set forth in § 8.7. (Right to Object to Title, Resolution). If Seller does not receive Buyer’s Notice to Terminate or Notice 400 of Title Objection by the applicable deadline specified above, Buyer accepts title subject to such Off-Record Matters and rights, if 401 any, of third parties not shown by public records of which Buyer has actual knowledge. 402 8.4. Special Taxing Districts. SPECIAL TAXING DISTRICTS MAY BE SUBJECT TO GENERAL OBLIGATION 403 INDEBTEDNESS THAT IS PAID BY REVENUES PRODUCED FROM ANNUAL TAX LEVIES ON THE TAXABLE 404 PROPERTY WITHIN SUCH DISTRICTS. PROPERTY OWNERS IN SUCH DISTRICTS MAY BE PLACED AT RISK 405 FOR INCREASED MILL LEVIES AND TAX TO SUPPORT THE SERVICING OF SUCH DEBT WHERE 406 CIRCUMSTANCES ARISE RESULTING IN THE INABILITY OF SUCH A DISTRICT TO DISCHARGE SUCH 407 INDEBTEDNESS WITHOUT SUCH AN INCREASE IN MILL LEVIES. BUYERS SHOULD INVESTIGATE THE 408 SPECIAL TAXING DISTRICTS IN WHICH THE PROPERTY IS LOCATED BY CONTACTING THE COUNTY 409 TREASURER, BY REVIEWING THE CERTIFICATE OF TAXES DUE FOR THE PROPERTY AND BY OBTAINING 410 FURTHER INFORMATION FROM THE BOARD OF COUNTY COMMISSIONERS, THE COUNTY CLERK AND 411 RECORDER, OR THE COUNTY ASSESSOR. 412 8.5. Tax Certificate. A tax certificate paid for by Seller Buyer, for the Property listing any special taxing districts 413 that affect the Property (Tax Certificate) must be delivered to Buyer on or before Record Title Deadline. If the Property is located 414 within a special taxing district and such inclusion is unsatisfactory to Buyer, in Buyer’s sole subjective discretion, Buyer may 415 terminate, on or before Record Title Objection Deadline. Should Buyer receive the Tax Certificate after Record Title Deadline, 416 Buyer, at Buyer’s option, has the Right to Terminate under § 24.1. by Buyer’s Notice to Terminate received by Seller on or before 417 ten days after Buyer’s receipt of the Tax Certificate. If Buyer does not receive the Tax Certificate, or if Buyer’s Notice to Terminate 418 would otherwise be required to be received by Seller after Closing Date, Buyer’s Notice to Terminate must be received by Seller on 419 or before Closing. If Seller does not receive Buyer’s Notice to Terminate within such time, Buyer accepts the provisions of the Tax 420 Certificate and the inclusion of the Property in a special taxing district, if applicable, as satisfactory and Buyer waives any Right to 421 Terminate under this provision. If Buyer’s loan specified in §4.5.3. (Loan Limitations) prohibits Buyer from paying for the Tax 422 Certificate, the Tax Certificate will be paid for by Seller. 423 8.6. Third Party Right to Purchase/Approve. If any third party has a right to purchase the Property (e.g., right of first 424 refusal on the Property, right to purchase the Property under a lease or an option held by a third party to purchase the Property) or a 425 right of a third party to approve this Contract, Seller must promptly submit this Contract according to the terms and conditions of 426 such right. If the third-party holder of such right exercises its right this Contract will terminate. If the third party’s right to purchase 427 is waived explicitly or expires, or the Contract is approved, this Contract will remain in full force and effect. Seller must promptly 428 notify Buyer in writing of the foregoing. If the third party right to purchase is exercised or approval of this Contract has not occurred 429 on or before Third Party Right to Purchase/Approve Deadline, this Contract will then terminate. Seller will supply to Buyer, in 430 writing, details of any Third Party Right to Purchase the Property on or before the Record Title Deadline . 431 8.7. Right to Object to Title, Resolution. Buyer has a right to object or terminate, in Buyer’s sole subjective discretion, 432 based on any title matters including those matters set forth in § 8.2. (Record Title), § 8.3. (Off-Record Title), § 8.5. (Special Taxing 433 District) and § 13 (Transfer of Title). If Buyer exercises Buyer’s rights to object or terminate based on any such title matter, on or 434 before the applicable deadline, Buyer has the following options: 435 8.7.1. Title Objection, Resolution. If Seller receives Buyer’s written notice objecting to any title matter (Notice of 436 Title Objection) on or before the applicable deadline and if Buyer and Seller have not agreed to a written settlement thereof on or 437 61 CBS1--6-21. CONTRACT TO BUY AND SELL REAL ESTATE (RESIDENTIAL) Page 10 of 19 before Title Resolution Deadline, this Contract will terminate on the expiration of Title Resolution Deadline, unless Seller receives 438 Buyer’s written withdrawal of Buyer’s Notice of Title Objection (i.e., Buyer’s written notice to waive objection to such items and 439 waives the Right to Terminate for that reason), on or before ex piration of Title Resolution Deadline. If either the Record Title 440 Deadline or the Off-Record Title Deadline, or both, are extended pursuant to § 8.2 . (Record Title) or § 8.3. (Off-Record Title) the 441 Title Resolution Deadline also will be automatically extended to the earlier of Closing or fifteen days after Buyer’s receipt of the 442 applicable documents; or 443 8.7.2. Title Objection, Right to Terminate. Buyer may exercise the Right to Terminate under § 24.1., on or before 444 the applicable deadline, based on any title matter unsatisfactory to Buyer, in Buyer’s sole subjective discretion. 445 8.8. Title Advisory. The Title Documents affect the title, ownership and use of the Property and should be reviewed 446 carefully. Additionally, other matters not reflected in the Title Documents may affect the title, ownership and use of the Property, 447 including, without limitation, boundary lines and encroachments, set-back requirements, area, zoning, building code violations, 448 unrecorded easements and claims of easements, leases and other unrecorded agreements, water on or under the Property and various 449 laws and governmental regulations concerning land use, development and environmental matters. 450 8.8.1. OIL, GAS, WATER AND MINERAL DISCLOSURE. THE SURFACE ESTATE OF THE 451 PROPERTY MAY BE OWNED SEPARATELY FROM THE UNDERLYING MINERAL ESTATE AND TRANSFER OF 452 THE SURFACE ESTATE MAY NOT NECESSARILY INCLUDE TRANSFER OF THE MINERAL ESTATE OR WATER 453 RIGHTS. THIRD PARTIES MAY OWN OR LEASE INTERESTS IN OIL, GAS, OTHER MINERALS, GEOTHERMAL 454 ENERGY OR WATER ON OR UNDER THE SURFACE OF THE PROPERTY, WHICH INTERESTS MAY GIVE THEM 455 RIGHTS TO ENTER AND USE THE SURFACE OF THE PROPERTY TO ACCESS THE MINERAL ESTATE, OIL, 456 GAS OR WATER. 457 8.8.2. SURFACE USE AGREEMENT. THE USE OF THE SURFACE ESTATE OF THE PROPERTY TO 458 ACCESS THE OIL, GAS OR MINERALS MAY BE GOVERNED BY A SURFACE USE AGREEMENT, A 459 MEMORANDUM OR OTHER NOTICE OF WHICH MAY BE RECORDED WITH THE COUNTY CLERK AND 460 RECORDER. 461 8.8.3. OIL AND GAS ACTIVITY. OIL AND GAS ACTIVITY THAT MAY OCCUR ON OR ADJACENT 462 TO THE PROPERTY MAY INCLUDE, BUT IS NOT LIMITED TO, SURVEYING, DRILLING, WELL COMPLETION 463 OPERATIONS, STORAGE, OIL AND GAS, OR PRODUCTION FACILITIES, PRODUCING WELLS, REWORKING 464 OF CURRENT WELLS AND GAS GATHERING AND PROCESSING FACILITIES. 465 8.8.4. ADDITIONAL INFORMATION. BUYER IS ENCOURAGED TO SEEK ADDITIONAL 466 INFORMATION REGARDING OIL AND GAS ACTIVITY ON OR ADJACENT TO THE PROPERTY, INCLUDING 467 DRILLING PERMIT APPLICATIONS. THIS INFORMATION MAY BE AVAILABLE FROM THE COLO RADO OIL 468 AND GAS CONSERVATION COMMISSION. 469 8.8.5. Title Insurance Exclusions. Matters set forth in this Section and others, may be excepted, excluded from, or 470 not covered by the owner’s title insurance policy. 471 8.9. Mineral Rights Review. Buyer Does Does Not have a Right to Terminate if examination of the Mineral 472 Rights is unsatisfactory to Buyer on or before the Mineral Rights Examination Deadline. 473 9.NEW ILC, NEW SURVEY.474 9.1. New ILC or New Survey. If the box is checked, (1) New Improvement Location Certificate (New ILC); or, (2) 475 New Survey in the form of ___________________________________________; is required and the following will apply: 476 9.1.1. Ordering of New ILC or New Survey. Seller Buyer will order the New ILC or New Survey. The 477 New ILC or New Survey may also be a previous ILC or survey that is in the above-required form, certified and updated as of a date 478 after the date of this Contract. 479 9.1.2. Payment for New ILC or New Survey. The cost of the New ILC or New Survey will be paid, on or before 480 Closing, by: Seller Buyer or: 481 482 483 9.1.3. Delivery of New ILC or New Survey. Buyer, Seller, the issuer of the Title Commitment (or the provider of 484 the opinion of title if an Abstract of Title) and _____________________ will receive a New ILC or New Survey on or before New 485 ILC or New Survey Deadline. 486 9.1.4. Certification of New ILC or New Survey. The New ILC or New Survey will be certified by the surveyor to 487 all those who are to receive the New ILC or New Survey. 488 9.2. Buyer’s Right to Waive or Change New ILC or New Survey Selection. Buyer may select a New ILC or New 489 Survey different than initially specified in this Contract if there is no additional cost to Seller or change to the New ILC or New 490 Survey Objection Deadline. Buyer may, in Buyer’s sole subjective discretion, waive a New ILC or New Survey if done prior to 491 Seller incurring any cost for the same. 492 9.3. New ILC or New Survey Objection. Buyer has the right to review and object based on the New ILC or New Survey. 493 If the New ILC or New Survey is not timely received by Buyer or is unsatisfactory to Buyer, in Buyer ’s sole subjective discretion, 494 Buyer may, on or before New ILC or New Survey Objection Deadline, notwithstanding § 8.3. or § 13: 495 62 CBS1--6-21. CONTRACT TO BUY AND SELL REAL ESTATE (RESIDENTIAL) Page 11 of 19 9.3.1. Notice to Terminate. Notify Seller in writing, pursuant to § 24.1, that this Contract is terminated; or 496 9.3.2. New ILC or New Survey Objection. Deliver to Seller a written description of any matter that was to be 497 shown or is shown in the New ILC or New Survey that is unsatisfactory and that Buyer requires Seller to correct. 498 9.3.3. New ILC or New Survey Resolution. If a New ILC or New Survey Objection is received by Seller, on or 499 before New ILC or New Survey Objection Deadline and if Buyer and Seller have not agreed in writing to a settlement thereof on 500 or before New ILC or New Survey Resolution Deadline, this Contract will terminate on expiration of the New ILC or New Survey 501 Resolution Deadline, unless Seller receives Buyer’s written withdrawal of the New ILC or New Survey Objection before such 502 termination (i.e., on or before expiration of New ILC or New Survey Resolution Deadline). 503 DISCLOSURE, INSPECTION AND DUE DILIGENCE 504 10.PROPERTY DISCLOSURE, INSPECTION, INDEMNITY, INSURABILITY, DUE DILIGENCE AND SOURCE OF505 WATER.506 10.1. Seller’s Property Disclosure. On or before Seller’s Property Disclosure Deadline, Seller agrees to deliver to Buyer 507 the most current version of the applicable Colorado Real Estate Commission ’s Seller’s Property Disclosure form completed by Seller 508 to Seller’s actual knowledge and current as of the date of this Contract. 509 10.2. Disclosure of Adverse Material Facts; Subsequent Disclosure; Present Condition. Seller must disclose to Buyer 510 any adverse material facts actually known by Seller as of the date of this Contract. Seller agrees that disclosure of adverse material 511 facts will be in writing. In the event Seller discovers an adverse material fact after the date of this Contract, Seller must timely 512 disclose such adverse fact to Buyer. Buyer has the Right to Terminate based on the Seller’s new disclosure on the earlier of Closing 513 or five days after Buyer’s receipt of the new disclosure. Except as otherwise provided in this Contract, Buyer acknowledges that 514 Seller is conveying the Property to Buyer in an “As Is” condition, “Where Is” and “With All Faults.” 515 10.3. Inspection. Unless otherwise provided in this Contract, Buyer, acting in good faith, has the right to have inspections 516 (by one or more third parties, personally or both) of the Property , Leased Items, and Inclusions (Inspection), at Buyer’s expense. If 517 (1) the physical condition of the Property, including, but not limited to, the roof, w alls, structural integrity of the Property, the518 electrical, plumbing, HVAC and other mechanical systems of the Property, (2) the physical condition of the Inclusions and Leased519 Items, (3) service to the Property (including utilities and communication services), systems and components of the Property (e.g.,520 heating and plumbing), (4) any proposed or existing transportation project, road, street or highway, or (5) any other activity, odor or521 noise (whether on or off the Property) and its effect or expected ef fect on the Property or its occupants is unsatisfactory, in Buyer’s522 sole subjective discretion, Buyer may:523 10.3.1. Inspection Termination. On or before the Inspection Termination Deadline, notify Seller in writing, 524 pursuant to § 24.1., that this Contract is terminated due to any unsatisfactory condition, provided the Buyer did not previously deliver 525 an Inspection Objection. Buyer’s Right to Terminate under this provision expires upon delivery of an Inspection Objection to Seller 526 pursuant to § 10.3.2.; or 527 10.3.2. Inspection Objection. On or before the Inspection Objection Deadline, deliver to Seller a written 528 description of any unsatisfactory condition that Buyer requires Seller to correct . 529 10.3.3. Inspection Resolution. If an Inspection Objection is received by Seller, on or before Inspection Objection 530 Deadline and if Buyer and Seller have not agreed in writing to a settlement thereof on or before Inspection Resolution Deadline, 531 this Contract will terminate on Inspection Resolution Deadline unless Seller receives Buyer’s written withdrawal of the Inspection 532 Objection before such termination (i.e., on or before expiration of Inspection Resolution Deadline). Nothing in this provision 533 prohibits the Buyer and the Seller from mutually terminating this Contract before the Inspection Resolution Deadline passes by 534 executing an Earnest Money Release. 535 10.4. Damage, Liens and Indemnity. Buyer, except as otherwise provided in this Contract or other written agreement 536 between the parties, is responsible for payment for all inspections, tests, surveys, engineering reports, or other reports performed at 537 Buyer’s request (Work) and must pay for any damage that occurs to the Property and Inclusions as a result of such Work. Buyer 538 must not permit claims or liens of any kind against the Property for Work performed on the Property. Buyer agrees to indemnify, 539 protect and hold Seller harmless from and against any liability, damage, cost or expense incurred by Seller and caused by any such 540 Work, claim, or lien. This indemnity includes Seller ’s right to recover all costs and expenses incurred by Seller to defend against 541 any such liability, damage, cost or expense, or to enforce this Section, including Seller’s reasonable attorney fees, legal fees and 542 expenses. The provisions of this Section survive the termination of this Contract. This § 10.4 . does not apply to items performed 543 pursuant to an Inspection Resolution. 544 10.5. Insurability. Buyer has the Right to Terminate under § 24.1., on or before Property Insurance Termination 545 Deadline, based on any unsatisfactory provision of the availability, terms and conditions and premium for property insurance 546 (Property Insurance) on the Property, in Buyer’s sole subjective discretion. 547 10.6. Due Diligence. 548 10.6.1. Due Diligence Documents. Seller agrees to deliver copies of the following documents and information 549 pertaining to the Property and Leased Items (Due Diligence Documents) to Buyer on or before Due Diligence Documents Delivery 550 Deadline: 551 63 CBS1--6-21. CONTRACT TO BUY AND SELL REAL ESTATE (RESIDENTIAL) Page 12 of 19 10.6.1.1. Occupancy Agreements. All current leases, including any amendments or other occupancy 552 agreements, pertaining to the Property. Those leases or other occupancy agreements pertaining to the Property that survive Closing 553 are as follows (Leases): 554 555 556 10.6.1.2. Leased Items Documents. If any lease of personal property (§ 2.5.7., Leased Items) will be 557 transferred to Buyer at Closing, Seller agrees to deliver copies of the leases and information pertaining to the personal pro perty to 558 Buyer on or before Due Diligence Documents Delivery Deadline. Buyer Will Will Not assume the Seller’s obligations 559 under such leases for the Leased Items (§ 2.5.7., Leased Items). 560 561 10.6.1.3. Encumbered Inclusions Documents. If any Inclusions owned by Seller are encumbered 562 pursuant to § 2.5.4. (Encumbered Inclusions) above, Seller agrees to deliver copies of the evidence of debt, security and any other 563 documents creating the encumbrance to Buyer on or before Due Diligence Documents Delivery Deadline. Buyer Will Will 564 Not assume the debt on the Encumbered Inclusions (§ 2.5.4., Encumbered Inclusions). 565 566 10.6.1.4. Other Documents. Other documents and information: 567 568 569 570 571 10.6.2. Due Diligence Documents Review and Objection. Buyer has the right to review and object based on the Due 572 Diligence Documents. If the Due Diligence Documents are not supplied to Buyer or are unsatisfactory, in Buyer’s sole subjective 573 discretion, Buyer may, on or before Due Diligence Documents Objection Deadline: 574 10.6.2.1. Notice to Terminate. Notify Seller in writing, pursuant to § 24.1., that this Contract is terminated; 575 or 576 10.6.2.2. Due Diligence Documents Objection. Deliver to Seller a written description of any 577 unsatisfactory Due Diligence Documents that Buyer requires Seller to correct. 578 10.6.2.3. Due Diligence Documents Resolution. If a Due Diligence Documents Objection is received by 579 Seller, on or before Due Diligence Documents Objection Deadline and if Buyer and Seller have not agreed in writing to a settlement 580 thereof on or before Due Diligence Documents Resolution Deadline, this Contract will terminate on Due Diligence Documents 581 Resolution Deadline unless Seller receives Buyer’s written withdrawal of the Due Diligence Documents Objection before such 582 termination (i.e., on or before expiration of Due Diligence Documents Resolution Deadline). 583 10.7. Conditional Upon Sale of Property. This Contract is conditional upon the sale and closing of that certain property 584 owned by Buyer and commonly known as . Buyer has 585 the Right to Terminate under § 24.1. effective upon Seller’s receipt of Buyer’s Notice to Terminate on or before Conditional Sale 586 Deadline if such property is not sold and closed by such deadline. This Section is for the sole benefit of Buyer. If Seller does not 587 receive Buyer’s Notice to Terminate on or before Conditional Sale Deadline, Buyer waives any Right to Terminate under this 588 provision. 589 10.8. Source of Potable Water (Residential Land and Residential Improvements Only). Buyer Does Does Not 590 acknowledge receipt of a copy of Seller’s Property Disclosure or Source of Water Addendum disclosing the source of potable water for 591 the Property. There is No Well. Buyer Does Does Not acknowledge receipt of a copy of the current well permit. 592 Note to Buyer: SOME WATER PROVIDERS RELY, TO VARYING DEGREES, ON NONRENEWABLE GROUND 593 WATER. YOU MAY WISH TO CONTACT YOUR PROVIDER (OR INVESTIGATE THE DESCRIBED SOURCE) TO 594 DETERMINE THE LONG-TERM SUFFICIENCY OF THE PROVIDER’S WATER SUPPLIES. 595 10.9. Existing Leases; Modification of Existing Leases; New Leases. [Intentionally Deleted] 596 10.10. Lead-Based Paint. 597 10.10.1. Lead-Based Paint Disclosure. Unless exempt, if the Property includes one or more residential dwellings 598 constructed or a building permit was issued prior to January 1, 1978, for the benefit of Buyer, Seller and all required real estate 599 licensees must sign and deliver to Buyer a completed Lead-Based Paint Disclosure (Sales) form on or before the Lead-Based Paint 600 Disclosure Deadline. If Buyer does not timely receive the Lead-Based Paint Disclosure, Buyer may waive the failure to timely 601 receive the Lead-Based Paint Disclosure, or Buyer may exercise Buyer’s Right to Terminate under § 24.1. by Seller’s receipt of 602 Buyer’s Notice to Terminate on or before the expiration of the Lead-Based Paint Termination Deadline. 603 10.10.2. Lead-Based Paint Assessment. If Buyer elects to conduct or obtain a risk assessment or inspection of the 604 Property for the presence of Lead-Based Paint or Lead-Based Paint hazards, Buyer has a Right to Terminate under § 24.1. by Seller’s 605 receipt of Buyer’s Notice to Terminate on or before the expiration of the Lead-Based Paint Termination Deadline. Buyer may 606 elect to waive Buyer’s right to conduct or obtain a risk assessment or inspection of the Property for the presence of Lead -Based Paint 607 or Lead-Based Paint hazards. If Seller does not receive Buyer ’s Notice to Terminate within such time, Buyer accepts the condition 608 of the Property relative to any Lead-Based Paint as satisfactory and Buyer waives any Right to Terminate under this provision. 609 64 CBS1--6-21. CONTRACT TO BUY AND SELL REAL ESTATE (RESIDENTIAL) Page 13 of 19 10.11. Carbon Monoxide Alarms. Note: If the improvements on the Property have a fuel-fired heater or appliance, a 610 fireplace, or an attached garage and include one or more rooms lawfully used for sleeping purposes (Bedroom), the parties 611 acknowledge that Colorado law requires that Seller assure the Property has an operational carbon monoxide alarm installed within 612 fifteen feet of the entrance to each Bedroom or in a location as required by the applicable building code. 613 10.12. Methamphetamine Disclosure. If Seller knows that methamphetamine was ever manufactured, processed, cooked, 614 disposed of, used or stored at the Property, Seller is required to disclose such fact. No disclosure is required if the Prope rty was 615 remediated in accordance with state standards and other requirements are fulfilled pursuant to § 25-18.5-102, C.R.S., Buyer further 616 acknowledges that Buyer has the right to engage a certified hygienist or industrial hygienist to test whether the Property ha s ever 617 been used as a methamphetamine laboratory. Buyer has the Right to Terminate under § 24.1., upon Seller’s receipt of Buyer’s written 618 Notice to Terminate, notwithstanding any other provision of this Contract, based on Buyer ’s test results that indicate the Property 619 has been contaminated with methamphetamine, but has not been remediated to meet the standards established by rules of the State 620 Board of Health promulgated pursuant to § 25-18.5-102, C.R.S. Buyer must promptly give written notice to Seller of the results of 621 the test. 622 11.TENANT ESTOPPEL STATEMENTS. [Intentionally Deleted]623 CLOSING PROVISIONS 624 12.CLOSING DOCUMENTS, INSTRUCTIONS AND CLOSING.625 12.1. Closing Documents and Closing Information. Seller and Buyer will cooperate with the Closing Company to enable626 the Closing Company to prepare and deliver documents required for Closing to Buyer and Seller and their designees. If Buyer is 627 obtaining a loan to purchase the Property, Buyer acknowledges Buyer ’s lender is required to provide the Closing Company, in a 628 timely manner, all required loan documents and financial information concerning Buyer ’s loan. Buyer and Seller will furnish any 629 additional information and documents required by Closing Company that will be necessary to complete this transaction. Buyer a nd 630 Seller will sign and complete all customary or reasonably required documents at or before Closing. 631 12.2. Closing Instructions. Colorado Real Estate Commission’s Closing Instructions Are Are Not executed with 632 this Contract. 633 12.3. Closing. Delivery of deed from Seller to Buyer will be at closing (Closing). Closing will be on the date specified as 634 the Closing Date or by mutual agreement at an earlier date . At Closing, Seller agrees to deliver a set of keys for the Property to 635 Buyer. The hour and place of Closing will be as designated by ________________________________________. 636 12.4. Disclosure of Settlement Costs. Buyer and Seller acknowledge that costs, quality and extent of service vary between 637 different settlement service providers (e.g., attorneys, lenders, inspectors and title companies). 638 12.5. Assignment of Leases. Seller must assign to Buyer all Leases at Closing that will continue after Closing and Buyer 639 must assume Seller’s obligations under such Leases. Further, Seller must transfer to Buyer all Leased Items and assign to Buyer such 640 leases for the Leased Items accepted by Buyer pursuant to § 2.5.7 . (Leased Items). 641 13.TRANSFER OF TITLE. Subject to Buyer’s compliance with the terms and provisions of this Contract, including the tender642 of any payment due at Closing, Seller must execute and deliver the following good and sufficient deed to Buyer, at Closing:643 special warranty deed general warranty deed bargain and sale deed quit claim deed personal representative’s deed644 ____________________________ deed. Seller, provided another deed is not selected, must execute and deliver a good and645 sufficient special warranty deed to Buyer, at Closing.646 Unless otherwise specified in § 29 (Additional Provisions), if title will be conveyed using a special warranty deed or a general647 warranty deed, title will be conveyed “subject to statutory exceptions” as defined in §38-30-113(5)(a), C.R.S.648 14.PAYMENT OF LIENS AND ENCUMBRANCES. Unless agreed to by Buyer in writing, any amounts owed on any liens649 or encumbrances securing a monetary sum against the Property and Inclusions, including any governmental liens for special650 improvements installed as of the date of Buyer’s signature hereon, whether assessed or not, and previous years’ taxes, will be paid651 at or before Closing by Seller from the proceeds of this transaction or from any other source.652 15.CLOSING COSTS, FEES, ASSOCIATION STATUS LETTER AND DISBURSEMENTS, TAXES AND653 WITHHOLDING.654 15.1. Closing Costs. Buyer and Seller must pay, in Good Funds, their respective c losing costs and all other items required 655 to be paid at Closing, except as otherwise provided herein. However, if Buyer’s loan specified in §4.5.3. (Loan Limitations) prohibits 656 Buyer from paying for any of the fees contained in this Section, the fee s will be paid for by Seller. 657 15.2. Closing Services Fee. The fee for real estate closing services must be paid at Closing by Buyer Seller 658 One-Half by Buyer and One-Half by Seller Other . 659 15.3. Association Fees and Required Disbursements. At least fourteen days prior to Closing Date, Seller agrees to 660 promptly request that the Closing Company or the Association deliver to Buyer a current Status Letter, if applicable. Any fees 661 associated with or specified in the Status Letter will be paid as follows: 662 65 CBS1--6-21. CONTRACT TO BUY AND SELL REAL ESTATE (RESIDENTIAL) Page 14 of 19 15.3.1. Status Letter Fee. Any fee incident to the issuance of Association’s Status Letter must be paid by Buyer 663 Seller One-Half by Buyer and One-Half by Seller N/A. 664 15.3.2. Record Change Fee. Any Record Change Fee must be paid by Buyer Seller One-Half by Buyer 665 and One-Half by Seller N/A. 666 15.3.3. Assessments, Reserves or Working Capital. All assessments required to be paid in advance (other than 667 Association Assessments as defined in § 16.2. (Association Assessments), reserves or working capital due at Closing must be paid 668 by Buyer Seller One-Half by Buyer and One-Half by Seller N/A. 669 15.3.4. Other Fees. Any other fee listed in the Status Letter as required to be paid at Closing will be paid by 670 Buyer Seller One-Half by Buyer and One-Half by Seller N/A. 671 15.4. Local Transfer Tax. Any Local Transfer Tax must be paid at Closing by Buyer Seller One-Half by 672 Buyer and One-Half by Seller N/A. 673 15.5. Sales and Use Tax. Any sales and use tax that may accrue because of this transaction must be paid when due by 674 Buyer Seller One-Half by Buyer and One-Half by Seller N/A. 675 15.6. Private Transfer Fee. Any private transfer fees and other fees due to a transfer of the Property, payable at Closing, 676 such as community association fees, developer fees and foundation fees, must be paid at Closing by Buyer Seller 677 One-Half by Buyer and One-Half by Seller N/A. 678 15.7. Water Transfer Fees. Water Transfer Fees can change. The fees, as of the date of this Contract, do not exceed 679 $____________ for: 680 Water Stock/Certificates Water District 681 Augmentation Membership Small Domestic Water Company 682 and must be paid at Closing by Buyer Seller One-Half by Buyer and One-Half by Seller N/A. 683 15.8. Utility Transfer Fees. Utility transfer fees can change. Any fees to transfer utilities from Seller to Buyer m ust be 684 paid by Buyer Seller One-Half by Buyer and One-Half by Seller N/A. 685 15.9. FIRPTA and Colorado Withholding. 686 15.9.1. FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller ’s proceeds be 687 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liabl e for the 688 amount of the Seller’s tax, interest and penalties. If the box in this Section is checked, Seller represents that Seller IS a foreign 689 person for purposes of U.S. income taxation. If the box in this Section is not checked, Seller represents that Seller is not a foreign 690 person for purposes of U.S. income taxation. Seller agrees to cooperate with Buyer and Closing Company to provide any reasonably 691 requested documents to verify Seller’s foreign person status. If withholding is required, Seller authorizes Closing Company to 692 withhold such amount from Seller’s proceeds. Seller should inquire with Seller’s tax advisor to determine if withholding applies or 693 if an exemption exists. 694 15.9.2. Colorado Withholding. The Colorado Department of Revenue may require a portion of the Seller’s proceeds 695 be withheld after Closing when Seller will not be a Colorado resident after Closing, if not otherwise exempt. Seller agrees to 696 cooperate with Buyer and Closing Company to provide any reasonably requested documents to verify Seller ’s status. If withholding 697 is required, Seller authorizes Closing Company to withhold such amount from Seller ’s proceeds. Seller should inquire with Seller’s 698 tax advisor to determine if withholding applies or if an exemption exists. 699 16.PRORATIONS AND ASSOCIATION ASSESSMENTS.700 16.1. Prorations. The following will be prorated to the Closing Date, except as otherwise provided:701 16.1.1. Taxes. Personal property taxes, if any, special taxing district assessments, if any , and general real estate taxes 702 for the year of Closing, based on Taxes for the Calendar Year Immediately Preceding Closing Most Recent Mill Levy 703 and Most Recent Assessed Valuation, adjusted by any applicable qualifying seniors property tax exemption, qualifying disabled 704 veteran exemption or Other . 705 16.1.2. Rents. Rents based on Rents Actually Received Accrued. At Closing, Seller will transfer or credit 706 to Buyer the security deposits for all Leases assigned to Buyer, or any remainder after lawful deductions, and notify all tenants in 707 writing of such transfer and of the transferee ’s name and address. 708 16.1.3. Other Prorations. Water and sewer charges, propane, interest on continuing loan and _________________. 709 16.1.4. Final Settlement. Unless otherwise specified in Additional Provisions, these prorations are final. 710 16.2. Association Assessments. Current regular Association assessments and dues (Association Assessments) paid in 711 advance will be credited to Seller at Closing. Cash reserves held out of the regular Association Assessments for deferred mai ntenance 712 by the Association will not be credited to Seller except as may be otherwise provided by the Governing Documents. Buyer 713 acknowledges that Buyer may be obligated to pay the Association, at Closing, an amount for reserves or working capital. Any special 714 assessment assessed prior to Closing Date by the Association will be the obligation of Buyer Seller. Except however, any 715 special assessment by the Association for improvements that have been installed as of the date of Buyer’s signature hereon, whether 716 assessed prior to or after Closing, will be the obligation of Seller unless otherwise specified in Additional Provisions. Seller represents 717 there are no unpaid regular or special assessments against the Property except the c urrent regular assessments and 718 ______________________________. Association Assessments are subject to change as provided in the Governing Documents. 719 66 CBS1--6-21. CONTRACT TO BUY AND SELL REAL ESTATE (RESIDENTIAL) Page 15 of 19 17. POSSESSION. Possession of the Property and Inclusions will be delivered to Buyer on Possession Date at Possession Time, 720 subject to the Leases as set forth in § 10.6.1.1. and, if applicable, any Post-Closing Occupancy Agreement. 721 If Seller, after Closing occurs, fails to deliver possession as specified, Seller will be subject to eviction and will be additionally 722 liable to Buyer, notwithstanding § 20.2. (If Seller is in Default), for payment of $ per day (or any part of a day 723 notwithstanding § 3.3., Day) from Possession Date and Possession Time until possession is delivered. 724 Buyer represents that Buyer will occupy the Property as Buyer’s principal residence unless the following box is checked, then 725 Buyer Does Not represent that Buyer will occupy the Property as Buyer’s principal residence. 726 If the box is checked, Buyer and Seller agree to execute a Post-Closing Occupancy Agreement. 727 GENERAL PROVISIONS 728 18. CAUSES OF LOSS, INSURANCE; DAMAGE TO INCLUSIONS AND SERVICES; CONDEMNATION; AND 729 WALK-THROUGH. Except as otherwise provided in this Contract, the Property, Inclusions or both will be delivered in the 730 condition existing as of the date of this Contract, ordinary wear and tear excepted. 731 18.1. Causes of Loss, Insurance. In the event the Property or Inclusions are damaged by fire, other perils or causes of loss 732 prior to Closing (Property Damage) in an amount of not more than ten percent of the total Purchase Price and if the repair of the 733 damage will be paid by insurance (other than the deductible to be paid by Seller), then Seller, upon receipt of the insurance proceeds, 734 will use Seller’s reasonable efforts to repair the Property before Closing Date. Buyer has the Right to Terminate under § 24.1., on 735 or before Closing Date, if the Property is not repaired before Closing Date, or if the damage exceeds such sum. Should Buyer elect 736 to carry out this Contract despite such Property Damage, Buyer is entitled to a credit at Closing for all insurance proc eeds that were 737 received by Seller (but not the Association, if any) resulting from damage to the Property and Inclusions, plus the amount of any 738 deductible provided for in the insurance policy. This credit may not exceed the Purchase Price. In the event Seller has not received 739 the insurance proceeds prior to Closing, the parties may agree to extend the Closing Date to have the Property repaired prior to 740 Closing or, at the option of Buyer, (1) Seller must assign to Buyer the right to the proceeds at Closing, if acceptable to Seller’s 741 insurance company and Buyer’s lender; or (2) the parties may enter into a written agreement prepared by the parties or their attorney 742 requiring the Seller to escrow at Closing from Seller’s sale proceeds the amount Seller has received and will receive due to such 743 damage, not exceeding the total Purchase Price, plus the amount of any deductible that applies to the insurance claim. 744 18.2. Damage, Inclusions and Services. Should any Inclusion or service (including utilities and communication services), 745 system, component or fixture of the Property (collectively Service) (e.g., heating or plumbing), fail or be damaged between the date 746 of this Contract and Closing or possession, whichever is earlier, then Seller is liable for the repair or replacement of such Inclusion 747 or Service with a unit of similar size, age and quality, or an equivalent credit, but only to the extent that the maintenance or 748 replacement of such Inclusion or Service is not the responsibility of the Association, if any, less any insurance proceeds received by 749 Buyer covering such repair or replacement. If the failed or damaged Inclusion or Service is not repaired or replaced on or be fore 750 Closing or possession, whichever is earlier, Buyer has the Right to Terminate under § 24.1., on or before Closing Date, or, at the 751 option of Buyer, Buyer is entitled to a credit at Closing for the repair or replacement of such Inclusion or Service. Such c redit must 752 not exceed the Purchase Price. If Buyer receives such a credit, Seller’s right for any claim against the Association, if any, will survive 753 Closing. 754 18.3. Condemnation. In the event Seller receives actual notice prior to Closing that a pending condemnation action may 755 result in a taking of all or part of the Property or Inclusions, Seller must promptly notify Buyer, in writing, of such condemnation 756 action. Buyer has the Right to Terminate under § 24.1., on or before Closing Date, based on such condemnation action, in Buyer’s 757 sole subjective discretion. Should Buyer elect to consummate this Contract despite such diminution of value to the Property and 758 Inclusions, Buyer is entitled to a credit at Closing for all condemnation proceeds awarded to Seller for the diminution in th e value 759 of the Property or Inclusions, but such credit will not include relocation benefits or expenses or exceed the Purchase Price. 760 18.4. Walk-Through and Verification of Condition. Buyer, upon reasonable notice, has the right to walk through the 761 Property prior to Closing to verify that the physical condition of the Property and Inclusions complies with this Contract. 762 18.5. Home Warranty. Seller and Buyer are aware of the existence of pre-owned home warranty programs that may be 763 purchased and may cover the repair or replacement of such Inclusions. 764 19. RECOMMENDATION OF LEGAL AND TAX COUNSEL. By signing this Contract, Buyer and Seller acknowledge that 765 their respective broker has advised that this Contract has important legal consequences and has recommended : (1) legal examination 766 of title; (2) consultation with legal and tax or other counsel before signing this Contract as this Contract may have important legal 767 and tax implications; (3) to consult with their own attorney if Water Rights, Mineral Rights or Leased Items are included or excluded 768 in the sale; and (4) to consult with legal counsel if there are other matters in this transaction for which legal counsel should be 769 engaged and consulted. Such consultations must be done timely as this Contract has strict time limits, including deadlines, that must 770 be complied with. 771 772 20. TIME OF ESSENCE, DEFAULT AND REMEDIES. Time is of the essence for all dates and deadlines in this Contract. 773 This means that all dates and deadlines are strict and absolute. If any payment due, including Earnest Money, is not paid, honored 774 67 CBS1--6-21. CONTRACT TO BUY AND SELL REAL ESTATE (RESIDENTIAL) Page 16 of 19 or tendered when due, or if any obligation is not performed timely as provided in this Contract or waived, the non-defaulting party 775 has the following remedies: 776 20.1. If Buyer is in Default: 777 20.1.1. Specific Performance. Seller may elect to cancel this Contract and all Earnest Money (whether or not paid 778 by Buyer) will be paid to Seller and retained by Seller . It is agreed that the Earnest Money is not a penalty, and the Parties agree the 779 amount is fair and reasonable. Seller may recover such additional damages as may be proper. Alternatively, Seller may elect to treat 780 this Contract as being in full force and effec t and Seller has the right to specific performance or damages, or both. 781 20.1.2. Liquidated Damages, Applicable. This § 20.1.2. applies unless the box in § 20.1.1. is checked. Seller may 782 cancel this Contract. All Earnest Money (whether or not paid by Buyer) will be paid to Seller and retained by Seller. It is agreed that 783 the Earnest Money amount specified in § 4.1. is LIQUIDATED DAMAGES and not a penalty, which amount the parties agree is 784 fair and reasonable and (except as provided in §§ 10.4. and 21), such amount is SELLER’S ONLY REMEDY for Buyer’s failure to 785 perform the obligations of this Contract. Seller expressly waives the remedies of specific performance and additional damages . 786 20.2. If Seller is in Default: 787 20.2.1. Specific Performance, Damages or Both. Buyer may elect to treat this Contract as canceled, in which case 788 all Earnest Money received hereunder will be returned to Buyer and Buyer may recover such damages as may be proper. 789 Alternatively, in addition to the per diem in § 17 (Possession) for failure of Seller to timely deliver possession of the Property after 790 Closing occurs, Buyer may elect to treat this Contract as being in full force and effect and Buyer has the right to specific performance 791 or damages, or both. 792 20.2.2. Seller’s Failure to Perform. In the event Seller fails to perform Seller’s obligations under this Contract, to 793 include, but not limited to, failure to timely disclose Association violations known by Seller, failure to perform any replacements or 794 repairs required under this Contract or failure to timely disclose any known adverse material facts, Seller remains liable for any such 795 failures to perform under this Contract after Closing . Buyer’s rights to pursue the Seller for Seller’s failure to perform under this 796 Contract are reserved and survive Closing. 797 21. LEGAL FEES, COST AND EXPENSES. Anything to the contrary herein notwithstanding, in the event of any arbitration 798 or litigation relating to this Contract, prior to or after Closing Date, the arbitrator or court must award to the prevailing party all 799 reasonable costs and expenses, including attorney fees, legal fees and expenses. 800 22. MEDIATION. If a dispute arises relating to this Contract (whether prior to or after Closing) and is not resolved, the parties 801 must first proceed, in good faith, to mediation. Mediation is a process in which the parties meet with an impartial person who helps 802 to resolve the dispute informally and confidentially. Mediators cannot impose binding decisions. Before any mediated settlement is 803 binding, the parties to the dispute must agree to the settlement, in writing. The parties will jointly appoint an acceptable mediator 804 and will share equally in the cost of such mediation. The obligation to mediate, unless otherwise agreed, will terminate if the entire 805 dispute is not resolved within thirty days of the date written notice requesting mediation is delivered by one party to the o ther at that 806 party’s last known address (physical or electronic as provided in § 26). Nothing in this Section prohibits either party from filing a 807 lawsuit and recording a lis pendens affecting the Property, before or after the date of written notice requesting mediation. This 808 Section will not alter any date in this Contract, unless otherwise ag reed. 809 23. EARNEST MONEY DISPUTE. Except as otherwise provided herein, Earnest Money Holder must release the Earnest 810 Money following receipt of written mutual instructions, signed by both Buyer and Seller. In the event of any controversy rega rding 811 the Earnest Money, Earnest Money Holder is not required to release the Earnest Money. Earnest Money Holder, in its sole subjective 812 discretion, has several options: (1) wait for any proceeding between Buyer and Seller ; (2) interplead all parties and deposit Earnest 813 Money into a court of competent jurisdiction (Earnest Money Holder is entitled to recover court costs and reasonable attorney and 814 legal fees incurred with such action); or (3) provide notice to Buyer and Seller that unless Earnest Money Holder receives a copy of 815 the Summons and Complaint or Claim (between Buyer and Seller) containing the case number of the lawsuit (Lawsuit) within one 816 hundred twenty days of Earnest Money Holder’s notice to the parties, Earnest Money Holder is authorized to return the Earne st 817 Money to Buyer. In the event Earnest Money Holder does receive a copy of the Lawsuit and has not interpled the monies at the time 818 of any Order, Earnest Money Holder must disburse the Earnest Money pursuant to the Order of the Court. The parties reaffirm the 819 obligation of § 22 (Mediation). This Section will survive cancellation or termination of this Contract. 820 24. TERMINATION. 821 24.1. Right to Terminate. If a party has a right to terminate, as provided in this Contract (Right to Terminate), the 822 termination is effective upon the other party’s receipt of a written notice to terminate (Notice to Terminate), provided such written 823 notice was received on or before the applicable deadline specified in this Contract. If the Notice to Terminate is not rec eived on or 824 before the specified deadline, the party with the Right to Terminate accepts the specified matter, document or condition as satisfactory 825 and waives the Right to Terminate under such provision. 826 24.2. Effect of Termination. In the event this Contract is terminated, and all Earnest Money received hereunder is timely 827 returned to Buyer, the parties are relieved of all obligations hereunder, subject to §§ 10.4. and 21. 828 68 CBS1--6-21. CONTRACT TO BUY AND SELL REAL ESTATE (RESIDENTIAL) Page 17 of 19 25.ENTIRE AGREEMENT, MODIFICATION, SURVIVAL; SUCCESSORS. This Contract, its exhibits and specified829 addenda, constitute the entire agreement between the parties relating to the subject hereof and any prior agreements pertaining830 thereto, whether oral or written, have been merged and integrated into this Contract . No subsequent modification of any of the terms831 of this Contract is valid, binding upon the parties, or enforceable unless made in writing and signed by the parties. Any rig ht or832 obligation in this Contract that, by its terms, exists or is intended to be performed after termination or Closing survives the same.833 Any successor to a party receives the predecessor’s benefits and obligations of this Contract.834 26.NOTICE, DELIVERY AND CHOICE OF LAW.835 26.1. Physical Delivery and Notice. Any document or notice to Buyer or Seller must be in writing, except as provided in836 §26.2. and is effective when physically received by such party, any individual named in this Contract to receive documents or837 notices for such party, Broker, or Brokerage Firm of Broker working with such party (except any notice or delivery after Closing838 must be received by the party, not Broker or Brokerage Firm).839 26.2. Electronic Notice. As an alternative to physical delivery, any notice may be delivered in electronic form to Buyer or 840 Seller, any individual named in this Contract to receive documents or notices for such party, Broker or Brokerage Firm of Bro ker 841 working with such party (except any notice or delivery after Closing, cancellation or Termination must be received by the party, not 842 Broker or Brokerage Firm) at the electronic address of the recipient by facsimile, email or _________________________________. 843 26.3. Electronic Delivery. Electronic Delivery of documents and notice may be delivered by : (1) email at the email address 844 of the recipient, (2) a link or access to a website or server provided the recipient receives the information necessary to access the 845 documents, or (3) facsimile at the facsimile number (Fax No.) of the recipient. 846 26.4. Choice of Law. This Contract and all disputes arising hereunder are governed by and construed in accordance with 847 the laws of the State of Colorado that would be applicable to Colorado residents who sign a contract in Colorado for real property 848 located in Colorado. 849 27.NOTICE OF ACCEPTANCE, COUNTERPARTS. This proposal will expire unless accepted in writing, by Buyer and850 Seller, as evidenced by their signatures below and the offering party receives notice of such acceptance pursuant to § 26 on or before851 Acceptance Deadline Date and Acceptance Deadline Time. If accepted, this document will become a contract between Seller and852 Buyer. A copy of this Contract may be executed by each party, separately and when each party has executed a copy thereof, such853 copies taken together are deemed to be a full and complete contract between the parties.854 28.GOOD FAITH. Buyer and Seller acknowledge that each party has an obligation to act in good faith including, but not limited855 to, exercising the rights and obligations set forth in the provisions of Financing Conditions and Obligations; Title Insurance,856 Record Title and Off-Record Title; New ILC, New Survey; and Property Disclosure, Inspection, Indemnity, Insurability Due857 Diligence and Source of Water.858 ADDITIONAL PROVISIONS AND ATTACHMENTS 859 29.ADDITIONAL PROVISIONS. (The following additional provisions have not been approved by the Colorado Real Estate860 Commission.)861 862 863 864 865 866 867 868 869 870 871 30.OTHER DOCUMENTS.872 30.1. Documents Part of Contract. The following documents are a part of this Contract:873 30.1.1. Post-Closing Occupancy Agreement. If the Post-Closing Occupancy Agreement box is checked in § 17 874 the Post-Closing Occupancy Agreement is a part of this Contract. 875 876 877 878 879 30.2. Documents Not Part of Contract. The following documents have been provided but are not a part of this Contract: 880 69 CBS1--6-21. CONTRACT TO BUY AND SELL REAL ESTATE (RESIDENTIAL) Page 18 of 19 881 882 883 SIGNATURES 884 885 Buyer’s Name: Buyer’s Name: Buyer’s Signature Date Buyer’s Signature Date Address: Address: Phone No.: Phone No.: Fax No.: Fax No.: Email Address: Email Address: [NOTE: If this offer is being countered or rejected, do not sign this document.] 886 Seller’s Name: Seller’s Name: Seller’s Signature Date Seller’s Signature Date Address: Address: Phone No.: Phone No.: Fax No.: Fax No.: Email Address: Email Address: 887 END OF CONTRACT TO BUY AND SELL REAL ESTATE 888 BROKER’S ACKNOWLEDGMENTS AND COMPENSATION DISCLOSURE. A. Broker Working With Buyer Broker Does Does Not acknowledge receipt of Earnest Money deposit. Broker agrees that if Brokerage Firm is the Earnest Money Holder and, except as provided in § 23, if the Earnest Money has not already been returned following receipt of a Notice to Terminate or other written notice of termination, Earnest Money Holder will release the Earnest Money as directed by the written mutual instructions. Such release of Earnest Money will be made within five days of Earnest Money Holder ’s receipt of the executed written mutual instructions, provided the Earnest Money check has cleared. Broker is working with Buyer as a Buyer’s Agent Transaction-Broker in this transaction. Customer. Broker has no brokerage relationship with Buyer. See § B for Broker’s brokerage relationship with Seller. Brokerage Firm’s compensation or commission is to be paid by Listing Brokerage Firm Buyer Other . This Broker’s Acknowledgements and Compensation Disclosure is for disclosure purposes only and does NOT create any claim for compensation. Any compensation agreement between the brokerage firms must be entered into separately and apart from this provision. 70 CBS1--6-21. CONTRACT TO BUY AND SELL REAL ESTATE (RESIDENTIAL) Page 19 of 19 Brokerage Firm’s Name: Brokerage Firm’s License #: Broker’s Name: Broker’s License #: Broker’s Signature Date Address: Phone No.: Fax No.: Email Address: B. Broker Working with Seller Broker Does Does Not acknowledge receipt of Earnest Money deposit. Broker agrees that if Brokerage Fir m is the Earnest Money Holder and, except as provided in § 23, if the Earnest Money has not already been returned following receipt of a Notice to Terminate or other written notice of termination, Earnest Money Holder will release the Earnest Money as dire cted by the written mutual instructions. Such release of Earnest Money will be made within five days of Earnest Money Holder ’s receipt of the executed written mutual instructions, provided the Earnest Money check has cleared. Broker is working with Seller as a Seller’s Agent Transaction-Broker in this transaction. Customer. Broker has no brokerage relationship with Seller. See § A for Broker’s brokerage relationship with Buyer. Brokerage Firm’s compensation or commission is to be paid by Seller Buyer Other . This Broker’s Acknowledgements and Compensation Disclosure is for disclosure purposes only and does NOT create any claim for compensation. Any compensation agreement between the broke rage firms must be entered into separately and apart from this provision. Brokerage Firm’s Name: Brokerage Firm’s License #: Broker’s Name: Broker’s License #: Broker’s Signature Date Address: Phone No.: Fax No.: Email Address: 889 71 AGENDA ITEM NO. 5.1 Item Cover Page DATE:December 20, 2022 SUBMITTED BY:Stephanie Bibbens, Town Manager ITEM TYPE:Town Manager Report AGENDA SECTION:Town Manager Report (10 min.) SUBJECT:Council Matters and Status Report SUGGESTED ACTION: VAIL TOWN COUNCIL AGENDA ITEM REPORT ATTACHMENTS: 221220 Matters.pdf 72 COUNCIL MATTERS Status Report Report for Dec. 20, 2022 o W. Vail Frontage Rd. Safety: Town Council inquired about the possibility of better signage or lights for pedestrian crossing near Safeway from the south side of the road to the bus stop. We designed and bid out adding curb bump outs and Rapid Flashing Beacons at the Safeway crossing this past summer to be installed in the fall but couldn’t get any contractors to bid on the project. In the meantime, we can talk to the Streets department about putting the center pedestrian crossing panels up, but they would have to be moved out of the way for snow removal from time to time. • Pride Flag: Town Council directed staff to look into displaying a Pride flag in or about town property. Town staff is researching various locations and will report back when this request is complete. o “Smell” near Gore Creek at Slifer Square: We added venting this past fall and will make some adjustments to see if we can get it working better. In the meantime, we have a contractor sucking out the water quality vault right now. Town Council Action Plan Updates Each month town staff will update the Town Council Action Plan document as projects and initiatives move forward or are updated. Below is a link to the timeline and “live” document: https://www.vailgov.com/government/town-council-meeting-registration/town-council- priorities In the News______________________________________________________ Dec. 2 Most resilient ski towns https://snowbrains.com/these-5-ski-resorts-are-the-most-resilient-to-climate-change-in-north-america/ Fall from top 20 rankings https://snowbrains.com/vail-mountain-falls-off-top-20-rankings-no-apparent-impact-on-visitation/ 73 Dec. 3 Disposable bag regs https://www.vaildaily.com/news/vail-to-consider-changes-to-disposable-bag-regulations/ Dec. 5 Housing series kickoff - editorial https://www.vaildaily.com/opinion/peterson-working-harder-than-ever-to-make-it/ Dec 6 First look at Steward Vail plan https://www.vaildaily.com/news/vail-town-council-to-take-first-look-at-steward-vail-plan/ https://www.aspentimes.com/news/in-brief-36/ Dec. 8 Vail Mountain Update to Council https://www.vaildaily.com/news/vail-mountains-beth-howard-reports-off-the-charts-excitement- energy-for-resorts-60th-season/ Shop with a Cop Success https://www.vaildaily.com/news/eagle-countys-shop-with-a-cop-holiday-event-is-the-biggest-yet/ Dec. 10 Town Budget Adoption https://www.vaildaily.com/news/how-vail-intends-to-spend-budgeted-95-6-million-in-2023/ Trailblazer Award https://www.vaildaily.com/news/vail-accepting-nominations-for-vail-trailblazer-award-through-jan-6/ What to expect at ski areas this season https://www.cntraveler.com/story/americas-ski-towns-jam-packed-season-heres-what-to-expect Dec. 12 Short Term Rentals for essential employees https://www.vaildaily.com/news/vail-calls-on-short-term-rental-owners-to-help-amid-housing-staffing- crisis/ https://unofficialnetworks.com/2022/12/11/vail-ask-property-owners-help/ Plastic Bag Regulations 74 https://www.vaildaily.com/news/vail-to-increase-and-expand-disposable-bag-fees-bans-at-start-of- 2023/ Wintertime Bavarian Flair https://www.denverpost.com/2022/12/12/guide-to-vail-restaurants-hotels-things-to-do-colorado/ Dec. 13 Diamond Jubliee - opinion https://www.vaildaily.com/opinion/carnes-diamond-not-exactly-in-the-rough-jubilee/ Most Expensive Ski Towns https://snowbrains.com/most-expensive-ski-towns-in-the-united-states1/ Dec. 15 Vail at 60 https://www.vaildaily.com/news/vail-at-60-stories-from-those-who-helped-create-the-worlds-greatest- ski-resort/ Upcoming Events o Jan 10 – Recognition of Police Chief Dwight Henninger for his service as the President of the International Association of Chiefs of Police. Where: Donovan Pavilion, 5pm – 6pm for Town staff; 6pm – 7pm open to the public. o Jan 17 – Town Council Retreat. To be held at the Grand View in Lionshead. Time to be announced, however will be in the morning due to Council afternoon session later that day. 75 AGENDA ITEM NO. 5.2 Item Cover Page DATE:December 20, 2022 SUBMITTED BY:Stephanie Bibbens, Town Manager ITEM TYPE:Town Manager Report AGENDA SECTION:Town Manager Report (10 min.) SUBJECT:Parking Update SUGGESTED ACTION: VAIL TOWN COUNCIL AGENDA ITEM REPORT ATTACHMENTS: 76 AGENDA ITEM NO. 5.3 Item Cover Page DATE:December 20, 2022 SUBMITTED BY:Stephanie Bibbens, Town Manager ITEM TYPE:Town Manager Report AGENDA SECTION:Town Manager Report (10 min.) SUBJECT:Council Strategic Planning Session Update SUGGESTED ACTION: VAIL TOWN COUNCIL AGENDA ITEM REPORT ATTACHMENTS: 77 AGENDA ITEM NO. 6.1 Item Cover Page DATE:December 20, 2022 TIME:15 min. SUBMITTED BY:Greg Roy, Community Development ITEM TYPE:Action Items AGENDA SECTION:Action Items SUBJECT:Resolution No. 62, Series of 2022, A Resolution of the Vail Town Council Approving an amendment to the Vail Land Use Plan Map SUGGESTED ACTION:Approve, approve with amendments or deny Resolution No. 62, Series of 2022 PRESENTER(S):Greg Roy, Senior Planner STAFF RECOMMENDATION:The Planning and Environmental Commission held a public hearing on the proposed Land Use Plan Map Amendment on December 12, 2022 where a recommendation for approval was forwarded to the Vail Town Council by a vote of 4-2-0 (Pratt and Perez opposed). VAIL TOWN COUNCIL AGENDA ITEM REPORT ATTACHMENTS: Resolution No. 62 Staff Memorandum .pdf Attachment A. Resolution No. 62, Series of 2022.pdf Attachment B. Proposed Land Use Map Amendment 12-13-22.pdf Attachment C. Applicant Narrative 120122.pdf Attachment D. PEC Minutes from Meeting on 12-12-2022.pdf Attachment E. Staff Memorandum PEC22-0018.pdf Public Input 78 TO: Town Council FROM: Community Development Department DATE: December 20, 2022 SUBJECT: Resolution No. 62, Series of 2022, a resolution of the Vail Town Council approving an amendment to the Vail Land Use Plan Map. PEC22-0018 Applicant: Town of Vail, represented by Community Development Director Matt Gennett Planner: Greg Roy I. SUMMARY The applicant, Town of Vail, represented by Community Development Director Matt Gennett, is requesting approval of Resolution No. 62, Series of 2022, a resolution of the Vail Town Council approving an amendment to the Vail Land Use Plan Map. The Planning and Environmental Commission held a public hearing on the proposed Land Use Plan Map Amendment on December 12, 2022 where a recommendation for approval was forwarded to the Vail Town Council by a vote of 4-2-0 (Pratt and Perez opposed). Included with this memorandum are the following for review by the Town Council: A. Resolution No. 62, Series of 2022 B. Proposed Land Use Map Amendment 12-13-22 C. Applicant Narrative, 12-01-2022 D. PEC Minutes from Meeting on 12-12-2022 E. Staff Memorandum, PEC22-0018 II. ACTION REQUESTED OF TOWN COUNIL The Vail Town Council shall approve, approve with modifications, or deny Resolution No. 62, Series of 2022. 79 Town of Vail Page 2 IIl. BACKGROUND The property was annexed into the Town of Vail in 1968 with Ordinance No. 8, Series of 1969. In 1974, the property was deeded to the Town of Vail as part of an agreement with Vail Associates Inc. The land use is believed to have been enacted with the original annexation of the property. In 2002, the property was subdivided to create Lots 1 and 2 to hold the Middle Creek Housing and the site of the telecom tower. In 2020, Lot 3 was subdivided out of the larger Lot 1. In 2001, the PEC recommended approval of the land use change and rezoning of Lot 1 to accommodate the Middle Creek Housing project. Originally the site had a land use designation of Open Space and was amended to be High Density Residential. Similarly, the original zoning was Natural Area Preservation and the site was rezoned to Housing. At the September 26th, 2022 PEC meeting, the Commission requested additional materials to be provided with the application, including an Environmental Impact Report, a map of the hazards in the area and a map of the slope of the site. The maps and a summary of the EIR are included as attachment C and D. The analysis in the EIR summary includes the environmental conditions that were studied and potential impacts of development in the area. A general summary of the impacts that may result from the development of the property shows modest impacts that are to be expected with development of previously vacant land. There are not any significant concerns or impacts noted in the attached summary. lV. REVIEW CRITERIA Any amendments to the Land Use Plan require a public process. Adjacent properties are notified, and the Planning and Environmental Commission holds a public hearing and makes a recommendation to the Town Council on the proposal. The Town Council adopts the changes by resolution. Any changes to the Land Use Plan must address the following three criteria: 1. How conditions have changed since the plan was adopted The Vail Land Use Plan was originally adopted in 1986 and updated in 2009. Since that time, there have been several approvals and subsequent development in the immediate area that have changed the land use in the area. In 2001, the Vail Town Council, upon a recommendation from the Planning and Environmental Commission, approved a land use amendment, rezoning, and subdivision for the original Middle Creek Housing site. At that time, the entire property was in the Open Space land use category and zoned Natural Area Preservation. The approved amendments and the subsequent development of 80 Town of Vail Page 3 the lot was a change that was not in place in 1969 when the plan was originally adopted. That is an example of how the need for housing spurred a change that the Land Use Plan did not contemplate when it was adopted. Similar to today, there was another increase in the need for housing that was not present at the most recent update of the Land Use Plan. In 2020, a portion of the site, Lot 1 Middle Creek Subdivision, was subdivided to allow for the development of the Residences at Main Vail. Lot 1 did not require a land use amendment but illustrated the need for additional housing sites that were not contemplated in the adopted land use plan. It shows how the current need for housing is renewing the search for potential housing sites. Completed in 2019, Solar Vail, a privately owned employee housing development, replaced a smaller project in an effort to provide additional housing units for employees of in-town businesses. Staff finds that the proposed land use amendment conforms to this criterion. 2. How the plan is in error The original land use plan adopted in 1986 had the area changed to High Density Residential and the adjacent Middle Creek site designated as open space. A portion of that has since been amended and is recognized as suitable for high density residential. Staff believes the plan is in error for not recognizing additional areas of the site that are directly adjacent to the right-of-way as land that is also suitable for high density residential and other public/semi-public uses. As the need for housing has increased, the reassessment of previously designated sites has been needed to determine if there are specific areas within these sites that might be suitable for development. The subject areas of the lot proposed for the land use change were identified as developable portions. The amendment and development of Middle Creek followed by the additional development of Residences at Main Vail supports the position that the area adjacent to the frontage road is a suitable location for development as it continues to be built upon. In “Chapter Vll – Community Facilities” of the Land Use Plan there is a section on Facility/Service Requirements that notes the demand for various community facilities. One of the types of facilities studied were schools in the town and surrounding areas. The Plan projected that sufficient schools, and sites for future schools, existed and that there was no need for additional facilities. Recent reports have shown that additional childcare and early childhood education facilities are needed. The site proposed for Public/Semi Public land use would be appropriate to use for a new facility to provide additional education services. 81 Town of Vail Page 4 Staff finds that the proposed land use amendment conforms to this criterion. 3. How the addition, deletion, or change to the plan is in concert with the plan in general Staff has identified the following objectives and goals, which staff believes are relevant to this proposal from the Vail Land Use Plan. 1. General Growth / Development 1.1. Vail should continue to grow in a controlled environment, maintaining a balance between residential, commercial and recreational uses to serve both the visitor and the permanent resident. 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 with the marketplace 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 finds that the proposed land use amendment conforms to this criterion. V. RECOMMENDED MOTION Should the Town Council choose to approve Resolution No. 62, Series of 2022, the Planning and Environmental Commission recommends the Council pass the following motion: “I move to approve Resolution No. 62, Series of 2022 a resolution of the Vail Town Council approving an amendment to the Vail Land Use Plan Map and setting forth details in regard thereto” Should the Town Council choose to approve Resolution No. 62, Series of 2022, the Planning and Environmental Commission recommends the Council makes the following findings: “Based upon the review of the criteria outline in Section Vl of the Staff memorandum to the Planning and Environmental Commission dated December 12th, 2022, and the evidence and testimony presented, the Town Council finds: 82 Town of Vail Page 5 1. That the amendment is consistent with the adopted goals, objectives and policies outlined in the Vail comprehensive plan and compatible with the development objectives of the town; and 2. That the amendment does further the general and specific purposes of the zoning regulations; and 3. That the amendment does 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 highest quality.” Vl. ATT ACHMENTS A. Resolution No. 62, Series of 2022 B. Proposed Land Use Map Amendment 12-13-22 C. Applicant Narrative, 12-09-2022 D. PEC Minutes from Meeting on 12-12-2022 E. Staff Memorandum, PEC22-0018 83 1 RESOLUTION NO. 62 SERIES 2022 A RESOLUTION OF THE VAIL TOWN COUNCIL APPROVING AN AMENDMENT TO THE VAIL LAND USE PLAN MAP WHEREAS, on November 18, 1986, by Resolution 27, Series of 1986, the Vail Town Council adopted the Vail Land Use Plan Map; and WHEREAS, on December 12, 2022, the Planning and Environmental Commission moved to forward a recommendation of approval of a Land Use Plan Map Amendment to the Vail Town Council. NOW THEREFORE BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO: Section 1. Having reviewed the Land Use Plan Map Amendment, and considered the recommendation of the Planning and Environmental Commission and Town staff, the Town Council finds as follows: a. The Amendment meets the Town's goals and objectives. b. The Amendment is consistent with the Vail Comprehensive Plan and the priorities of the Vail Town Council Action Plan. Section 2. Based on the foregoing findings, the Vail Town Council hereby adopts the Land Use Plan Map Amendment. INTRODUCED, READ, APPROVED AND ADOPTED THIS 20th DAY OF DECEMBER, 2022. ______________________________ Kim Langmaid, Mayor ATTEST: ____________________________ Stephanie Bibbens, Town Clerk 84 N FRONTAGE RD W I 70 WestboundI 70 Eastbound S FRONTAGE RD W I Subject Property 0 100 200 30050Feet L a n d U s e A m e n d m e n t P r o p o s a lLand U s e A m e n d m e n t P r o p o s a lMiddle C r e e k S u b d i v i s i o n - T r a c t AMiddle C r e e k S u b d i v i s i o n - T r a c t A 1 9 9 N o r t h F r o n t a g e R o a d W e s t199 N o r t h F r o n t a g e R o a d W e s t Proposed parcels carvedfrom Tract A (Lot 5) (Lot 4) N FRONTAGE RD W I 70 WestboundI 70 Eastbound S FRONTAGE RD W This map was crea te d b y th e Town of Va il GIS Tea m. Use of this map should be for g ene ral purposes on ly. Th e To wn of Va il does n ot wa rrant th e a ccu ra cy of the informatio n containe d herein.(whe re shown, parcel lin e w ork is ap pro ximate) Last Modified: December 13, 2022 Proposed Existing High Density Residential Open Space Public/Semi-Public Medium Density Residential 85 WEST MIDDLE CREEK Applications for a Requested Land Use Plan Amendment, Minor Subdivision & Rezoning December 1, 2022 Applicant: Town of Vail Represented by: Matt Gennett 86 1 I. PURPOSE The purpose of this document is to forward the request for approval of three development applications intended to facilitate a future opportunity to develop 100% resident-occupied, deed-restricted homes for Vail residents on the West Middle Creek Parcel. The three development applications include: • A request for a Vail Land Use Plan Amendment amending a portion of Tract A, Middle Creek Subdivision from Open Space Designation to High Density Residential Designation. • A request for a minor subdivision establishing an amended final plat for Tract A, Middle Creek, Subdivision, to create Lots 4 and 5, Middle Creek Subdivision. • A request to rezone the new Lot 4, Middle Creek Subdivision, from the Natural Area Preservation (NAP) zone district to the General Use (GU) zone district; and, Lot 5, Middle Creek Subdivision, from the Natural Area Preservation (NAP) zone district to the Housing (H) zone district. II. BACKGROUND The Vail Housing 2027 Strategic Plan was adopted on behalf of the Vail community by the Vail Town Council in 2017. Adopted as a strategic plan, the plan emphasizes taking strategic actions to maintain and sustain the community through the creation and support of resident housing in Vail. In adopting the Plan, a housing goal of acquiring 1,000 additional resident housing unit deed restrictions by the year 2027 was established. The Plan acknowledged that previously adopted housing policies, programs and practices have not yielded the desired results. To realize desired results community leaders needed to change their approach to housing policies, programs, and practices. More importantly, community leaders needed to take proactive strategic actions without further delay to increase the supply of resident housing in Vail. The three development applications referenced above are a proactive strategic action by the Town of Vail in furtherance of achieving the Town’s housing goal. On December 15, 2020, the Vail Town Council directed staff to proceed with applications necessary to facilitate a future opportunity to develop 100% resident-occupied, deed- restricted homes for Vail residents on the West Middle Creek Parcel. The Vail Town Council instructed the town staff to take the actions necessary to achieve the housing goals stated in the 2018-2020 Council Action Plan and Vail Housing 2027 Strategic Plan. Lots 4 and 5, Middle Creek Subdivision, will be smaller platted portions of the larger Tract A, Middle Creek Subdivision. Tract A is owned by the Town of Vail. As the owner of Tract A, the Vail Town Council, acting on behalf of the owner, is authorized to submit these three applications for West Middle Creek Parcel. 87 2 Tract A was purchased by the Town of Vail on July 1, 1993. Tract A was purchased with the use of Real Estate Transfer Tax (RETT) funds. Upon purchase, and consistent with the recommendations of the 1994 Comprehensive Open Lands Plan, Tract A was rezoned from Agricultural and Open Space (AOS) to Natural Area Preservation (NAP), via Ordinance No. 19, Series of 1995. While a separate matter outside the purview and review criteria of the Town of Vail Planning & Environmental Commission, a legal opinion has been provided acknowledging, that if the three development applications are approved as submitted, the Town of Vail shall be required to reimburse the RETT fund for the value of the West Middle Creek Parcel. Established Housing Mitigation funds are the most likely source of funding to accomplish the required reimbursement. On September 26, 2022, the PEC reviewed the subject applications and unanimously voted to table them after giving direction to provide further information, including: an Environmental Impact Report (EIR), steep slope analysis, and hazard maps. The requested information is attached to the staff report. III. SUMMARY OF THE APPLICATIONS The following section of this document provides a written summary of the three development applications. The development applications are summarized and listed in the order of intended review. Title 12 of the Vail Town Code (VTC) requires the Town of Vail Planning & Environmental Commission to review and act on each of the applications even as the Land Use Plan Amendment and the Rezoning requests require additional review and final action by the Vail Town Council. I. Vail Land Use Plan Amendment Request: The application package includes a proposal to amend the Future Land Use Map for a portion of Tract A, Middle Creek Subdivision, to change the land use designation of the proposed new Lot 4 from Open Space to Public/Semi-Public, and the designation of the new Lot 5 from Open Space to High Density Residential. The portion of Tract A to be amended is that area comprised of the proposed Lots 4 and 5 (see minor subdivision request below). According to the Vail Land Use Plan, the proposed land use designation of High Density Residential for Lot 5 is intended for multi-floor residences with a density greater than 15 dwelling units per acre; and the proposed land use designation of Public/Semi-Public includes schools. According to the adopted Future Land Use Plan, the Middle Creek Village Apartment development site to the east of the proposed Lots 4 and 5 is designated High Density Residential, while the Solar Vail Apartment development site to the west has a designation of Medium Density Residential. The land use plan amendment request provides consistency and compatibility with adopted future land use designations and is consistent with the municipal development objectives of the Town of Vail. The portion of Tract A to be amended from Open Space to Public/Semi-Public is limited to the 1.672 acres of proposed Lot 4 and the 2.296 acres of the proposed Lot 5 from Open Space to High Density Residential. The land use designation of the remainder of Tract A is not proposed to be amended at this time. Based upon a West Middle Creek Site 88 3 Feasibility Study funded by the Vail Town Council and completed by the Town of Vail Community Development Department in 2017, it was determined that the area of the proposed Lot 5 of Tract A is the most developable portion of Tract A based on site suitability, vehicular accessibility, topography, natural vegetation, site orientation, steep slopes, and adjacency to existing CDOT right of way. Lastly, the Vail Land Use Plan Amendment request is in direct response to a growing need to increase the supply of resident-occupied, deed-restricted homes in Vail as well as the scarcity of vacant, town-owned land suitable for residential development. The requested amendments further the Town’s housing goals, as stated in Council’s 2018- 2020 Action Plan and the Vail Housing 2027 Strategic Plan. II. Minor Subdivision Request: This Minor Subdivision application request proposes to subdivide Tract A, Middle Creek Subdivision (17.2 acres) into three parcels: Tract A (13.257 acres), Lot 4 (1.672 acres) and Lot 5 (2.296 acres). The sole purpose of this application is to subdivide portions of Tract A to create a development lot to accommodate a future housing development and a lot to enable access and provide a site for future early childhood learning. The minor subdivision to create Lots 4 and Lot 5 have concurrently proposed zone district boundary amendments to zone these two new lots to the General Use (GU) and Housing (H) zone districts, respectively. Neither the General Use (GU) or Housing (H) zone districts prescribe a minimum lot size requirement. For comparison, below are the approximate lot sizes of other parcels in the Housing (H) District: • Solar Vail – 43,600 SF • Middle Creek – 200,520 SF • Middle Creek Lot 3 – 90,150 SF • Chamonix at Vail – 139,260 SF • Booth Heights – 235,090 SF Criteria for Review of a Minor Subdivision Application: 1. The extent to which the proposed subdivision is consistent with all the applicable elements of the adopted goals, objectives and policies outlined in the Vail comprehensive plan and is compatible with the development objectives of the town; As part of the General Growth/Development goals of The Vail Land Use Plan, the Town is encouraged to grow in such a way as to maintain “a balance between residential, commercial, and recreational uses”. The Minor Subdivision of the proposed Lot 4 and 5 parcels helps to improve upon this balance. Presently, there are more than 7,200 dwelling units in the Town of Vail. Of the 7,200 dwelling units, approximately 950, or roughly 13%, of the dwelling units are deed-restricted for resident occupancy. The Vail Town Council 89 4 has adopted a goal of increasing the number of dwelling units in the Town of Vail dedicated to resident occupancy to 1,700. While the Vail Land Use Plan discourages the development of Town-owned lands where high geological hazards may exist, this plan also states that “additional employee housing needs should be accommodated at varied sites throughout the community”, which is what this subdivision and new development lot aims to accomplish. Chapter 21, Hazard Regulations, prescribes standards by which potential geologic hazards must be mitigated. 2. The extent to which the proposed subdivision complies with all of the standards of this title, as well as, but not limited to, title 12, "Zoning Regulations", of this code, and other pertinent regulations that the planning and environmental commission deems applicable; The lot size and site dimensions for a property located within the Housing (H) District are proposed by the applicant and set by the Planning & Environmental Commission. The proposed lot sizes of Lots 4 and 5 are compatible with the size and dimensions of similar lots presently located within the Housing (H) and General Use zone districts. Lots 4 and 5 are adequately sized for deed-restricted residential development, access, and early childhood learning. While Lots 4 and 5 are potentially impacted by geologic hazards and steep slopes as set forth in Chapter 21, the lots are developable with required mitigation. Lots 4 and 5 comply with the standards of Title 12 of the Vail Town Code. 3. The extent to which the proposed subdivision presents a harmonious, convenient, workable relationship among land uses consistent with municipal development objectives; Given the proximity to Middle Creek Village Apartments and the Solar Vail Apartments, to the west, and I-70 along the southern property line, Lots 4 and 5 provide a harmonious, convenient, and workable relationship among adjacent land uses and are consistent with municipal development objectives. A longstanding development objective of the Town is to provide for the development of residential properties intended for occupancy by year- round Vail residents. This has been a community objective of the Town as far back as the adoption of The Vail Plan in 1972. The proposed subdivision is consistent with municipal objectives for the establishment of additional resident-occupied housing in the Town of Vail. 4. The extent of the effects on the future development of the surrounding area; The creation of Lots 4 and 5 will not have any negative effects on the future development of the surrounding area. The area of Lots 4 and 5 is unique to the surrounding areas to the north and west, as these new lots will contain the flattest portion of Tract A and avoid any negative impacts to the riparian corridor and floodplain of Middle Creek. Other areas of Tract A are not as feasible for development and access. 90 5 5. The extent to which the proposed subdivision is located and designed to avoid creating spatial patterns that cause inefficiencies in the delivery of public services, or require duplication or premature extension of public facilities, or result in a "leapfrog" pattern of development; Lots 4 and 5 are adjacent to Lot 1 and Lot 2, Middle Creek Subdivision. Municipal services and necessary utilities are immediately adjacent to the site. The creation of Lot 4 will result in a continuation of residential development along the North Frontage Road and provide a future site for early childhood learning while not creating a “leapfrog” pattern of development. 6. The extent to which the utility lines are sized to serve the planned ultimate population of the service area to avoid future land disruption to upgrade undersized lines; Lots 4 and 5 are located within the identified service areas of Eagle River Water & Sanitation District, Holy Cross Energy, and Excel Energy (water, sewer, electric, gas). These new lots are centrally located within the municipal boundaries of the Town of Vail, and therefore not outside the boundaries of any urban growth boundaries of the Town or the utility services providers. Existing utility infrastructure and utility easements are constructed and platted immediately adjacent to Lots 4 and 5. Subject to existing franchise agreements, the availability of utility services within the Town of Vail is present. A determination of utility sizing and level of service required will be made by the utility providers at the time of the development application submittal. The size and level of services required are based on the scope of development proposed. Development on Lots 4 and 5 is not imminent and therefore an application for a development plan has not been submitted. 7. The extent to which the proposed subdivision provides for the growth of an orderly viable community and serves the best interests of the community as a whole; and The proposed subdivision provides for the growth of an orderly viable community since it is centrally located in Town, within walking distance of the major employers, and provides future residents with convenient access to public transit. There is no doubt this subdivision request serves the best interests of the community. Based upon numerous community surveys and local employer input, there is an increased need for additional resident- occupied, deed-restricted homes for Vail residents. 8. The extent to which the proposed subdivision results in adverse or beneficial impacts on the natural environment, including, but not limited to, water quality, air quality, noise, vegetation, riparian corridors, hillsides and other desirable natural features; 91 6 The proposed minor subdivision is limited to the current total acreage of the existing area of Tract A (17.2 acres). There would be no adverse impacts to water quality, air quality, noise, vegetation, riparian corridors, hillsides, or other desirable natural features with the approval of this subdivision request. III. Rezoning Request: The Town of Vail requests the PEC forward a recommendation of approval to the Vail Town Council to rezone Lot 4, Middle Creek Subdivision from Natural Area Preservation (NAP) to the Housing (H) zone district, Lot 5, Middle Creek Subdivision to the General Use (GU) zone district, and the remaining portions of Tract A, Middle Creek Subdivision currently zoned General Use (GU) to the Natural Area Preservation (NAP) zone district. Prior to 1995, Tract A was zoned Agricultural and Open Space (AOS) District before it was rezoned to Natural Area Preservation (NAP) District as a recommended action consistent with the 1994 Comprehensive Open Lands Plan. Since the adoption of the Comprehensive Open Lands Plan, the Vail Town Council has adopted the 2018 Update to the Comprehensive Open Lands Plan and the Vail Housing 2027 Strategic Plan. According to the 1994 Comprehensive Open Lands Plan, Tract A was identified for a potential rezoning to the Natural Area Preservation (NAP) District due to the environmental qualities of the Tract. This application proposes to amend the zone district designations of Tract A, Middle Creek Subdivision. Tract A is approximately 17.2 acres in size and currently has 12.73 acres zoned Natural Area Preservation (NAP) and 4.47 acres zoned General Use (GU). The zone district boundaries in the area of Tract A do not follow the property lines and the area zoned Natural Area Preservation (NAP) is bisected by the area zoned General Use (GU) zone district. As requested, this application would rezone the 4.47 acres of General Use (GU) to the Natural Area Preservation (NAP) zone district, rezone 1.672 acres of Lot 4 from the Natural Area Preservation (NAP) zone district to the General Use (GU) zone district and rezone the 2.296 acres of Lot 5 from Natural Area Preservation (NAP) to Housing. The proposed rezoning request will result in a net increase of .502 acres of land in Tract A zoned Natural Area Preservation (NAP). The area of Tract A currently zoned General Use (GU) is primarily comprised of slopes greater than 40%, with geologic hazards including medium severity rockfall and high severity debris flow. According to the Vail Town Code, the General Use (GU) District permits recreational uses such as bicycle and pedestrian paths, and passive outdoor recreation, but also allows for conditional uses such as parking structures, public buildings, and healthcare facilities. Title 12, Zoning Regulations of the Vail Town Code prescribes the criteria and findings to be evaluated by the Town of Vail Planning & Environmental Commission when forwarding a recommendation for a zone district boundary amendment to the Vail Town Council. The following section of the document highlights the criteria for review and includes a response to the criteria by the applicant. 92 7 Criteria and Findings for Review: Before acting on an application for a zone district boundary amendment, the Planning and Environmental Commission and Town Council shall consider the following factors with respect to the requested zone district boundary amendment: (1) The extent to which the zone district amendment is consistent with all the applicable elements of the adopted goals, objectives and policies outlined in the Vail comprehensive plan and is compatible with the development objectives of the town; This criterion for the zone district amendment is met, provided the Planning & Environmental Commission recommends approval of the Vail Land Use Plan amendment, thereby amending the land use designation of Lot 4 from Open Space to Public/Semi-Public and Lot 5 from Open Space to High Density Residential. As part of the General Growth/Development goals of Vail Land Use Plan, the Town is encouraged to grow in such a manner to maintain “a balance between residential, commercial, and recreational uses”. The rezoning of Lot 4 from Natural Area Preservation (NAP) to General Use (GU), the rezoning of Lot 5 from Natural Area Preservation (NAP) to Housing (H), and the remainder of Tract A currently zoned General Use (GU) to Natural Area Preservation (NAP) improves upon the balance between these uses. Presently, there are more than 7,200 dwelling units in the Town of Vail. Of the 7,200 dwelling units, approximately 950, or roughly 13%, of the dwelling units are deed-restricted for resident occupancy. The Vail Town Council has adopted a goal of increasing the number of dwelling units in the Town of Vail dedicated to resident occupancy to a total of 1,700 total by the year 2027. While the Land Use Plan discourages the development of Town-owned lands where high geological hazards may exist, the Plan states that “additional employee housing needs should be accommodated at varied sites throughout the community”. This zone district boundary amendment achieves this objective. Further, Chapter 21, Hazard Regulations, prescribes development standards by which potential geologic hazards must be mitigated in order to support residential development.  (2) The extent to which the zone district amendment is suitable with the existing and potential land uses on the site and existing and potential surrounding land uses as set out in the town's adopted planning documents; The requested zone district amendment is consistent with existing and potential land uses in the vicinity of the site. The easterly property line of Lot 5 is adjacent to the Middle Creek Village Apartments development, which also has a land use designation of High Density Residential and is zoned Housing (H) District, and the southerly property line is adjacent to the I-70/North Frontage Road Right-of-Way. The property line of the Tract A parent parcel is bordered on the west by the Solar Vail Apartments development which has a land use designation of Medium Density Residential and is zoned Housing (H) District. These existing and potential surrounding land uses are both compatible and suitable to the proposed intended future use of Proposed Lot 4, Middle Creek Subdivision. 93 8 The rezoning of the existing General Use (GU) portion of Tract A to Natural Area Preservation (NAP) already has an underlying land use designation of Open Space, and therefore, is well suited and compatible with this rezoning request. In addition, the ownership and use of the property immediately to the north of the Tract A parcel is U.S. Forest Service land which makes an appropriate neighboring use for the Natural Area Preservation (NAP) zone district. (3) The extent to which the zone district amendment presents a harmonious, convenient, workable relationship among land uses consistent with municipal development objectives; Lots 4 and 5 present a harmonious, convenient, workable relationship among land uses consistent with municipal development objectives. Given the location of Lot 5 in relation to Middle Creek Village Apartments immediately to the east, Solar Vail Apartments to the west, and I-70/North Frontage Road right of way along the southern property line, the rezoning of Proposed Lot 4 to the Housing (H) District presents a harmonious, convenient, and workable relationship among adjacent land uses and is consistent with municipal development objectives. A longstanding development objective of the Town is to provide for the development of residential properties intended for occupancy by year-round Vail residents. This has been a development objective as far back as the adoption of The Vail Plan in 1972. The rezoning of a portion of Tract A from General Use (GU) to Natural Area Preservation (NAP) also presents a harmonious, convenient, and workable relationship among land uses as the area is bordered to the north by U.S. Forest Service property and to the east by Spraddle Creek open space. The proposed zone district boundary amendment is consistent with municipal objectives for the establishment of additional resident-occupied housing in the Town of Vail.  (4) The extent to which the zone district amendment provides for the growth of an orderly viable community and does not constitute spot zoning as the amendment serves the best interests of the community as a whole; The proposed zone district amendment provides for the growth of an orderly, viable community since Proposed Lot 4 is centrally located in Town, within walking distance of major employers, and provides future residents with convenient access to public transit. There is little doubt this rezoning request serves the best interests of the community as a whole. Based upon numerous community surveys and local employer input, it is without question that there is an increasing need for additional resident-occupied, deed-restricted homes for Vail residents. Approval of this request for a zone district amendment will not constitute spot zoning as it will result in a larger, contiguous area zoned Housing (H) District by adjacency to the existing Middle Creek Village Apartments and the Solar Vail Apartments and is supported explicitly by the Vail Land Use Plan. The rezoning of the General Use (GU) District portion of Tract A, Middle Creek to Natural Area Preservation (NAP) District expands areas of town-owned land within the Natural Area Preservation (NAP) District, and as such, does not constitute spot zoning.  (5) The extent to which the zone district amendment results in adverse or beneficial impacts on the natural environment, including, but not limited to, water quality, air quality, noise, vegetation, riparian corridors, hillsides and other desirable natural features; 94 9 The proposed zone district boundary amendment from Natural Area Preservation (NAP) to General Use (GU) on Lot 4 is limited to 1.672 acres, and the area rezoned from Natural Area Preservation (NAP) to Housing (H) is limited to the 2.296 acres of Lot 5. The remaining 13.257 acres of Tract A is to be zoned to the Natural Area Preservation (NAP) District with eligibility to become designated open space. To achieve a total of 13.257 acres of Tract A zoned Natural Area Preservation (NAP) District, the current portion zoned General Use (GU) District will be rezoned to the Natural Area Preservation (NAP) District as requested by this application. There would be no adverse impacts to water quality, air quality, noise, vegetation, riparian corridors, hillsides, or other desirable natural features with the approval of this zone district boundary request. Proposed Lot 5 is an infill residential development opportunity to increase the supply of resident-occupied, deed-restricted homes on town-owned land in Vail. Amending the zone district to the Housing (H) District will not result in adverse impacts on the natural environment any more so than any other development of an otherwise vacant parcel in Vail. The most environmentally sensitive portion of Tract A is the riparian corridor along the Middle Creek drainage. As proposed, the riparian corridor remains in the Natural Area Preservation (NAP) District. Due to the extreme southern exposure of Tract A, the existing vegetation in the area of Lots 4 and 5 is primarily a mix of sage, dryland grasses, and mountain mahogany with a scattering of struggling lodgepole pine planted on the hillside in 1994 by the Town of Vail. More than 13.257 acres of Tract A will remain covered with the existing vegetation and undisturbed. Any future development on the hillside area of Lots 4 and 5 shall be subject to the development standards adopted by the Town of Vail.  (6) The extent to which the zone district amendment is consistent with the purpose statement of the proposed zone district; The purpose of the General Use (GU) zone district is stated in Section 12-6I-1 of the Vail Town Code as: “The General Use District is intended to provide sites for public and quasi-public uses which, because of their special characteristics, cannot be appropriately regulated by the development standards prescribed for other zoning districts, and for which development standards especially prescribed for each particular development proposal or project are necessary to achieve the purposes prescribed in § 12-1-2 of this title and to provide for the public welfare. The General Use District is intended to ensure that public buildings and grounds and certain types of quasi-public uses permitted in the district are appropriately located and designed to meet the needs of residents and visitors to Vail, to harmonize with surrounding uses, and, in the case of buildings and other structures, to ensure adequate light, air, open spaces, and other amenities appropriate to the permitted types of uses.” The proposed zone district boundary amendment for Lot 4 is consistent with the purpose of the General Use (GU) zone district and advances the development objectives and specific purposes of the adopted Zoning Regulations of the Town of Vail, as stated in Section 12-1-2 of the Vail Town Code. 95 10 The purpose of the Housing (H) zone district is stated in Section 12-6I-1 of the Vail Town Code as: “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 permitted in the zone district is appropriately located and designed to meet the needs of residents of Vail, to harmonize with surrounding uses, and to ensure adequate light, air, open spaces, and other amenities appropriate to the allowed types of uses.” The proposed zone district boundary amendment for Lot 5 is consistent with the purpose of the Housing (H) District and advances the development objectives and specific purposes of the adopted Zoning Regulations of the Town of Vail, as stated in Section 12- 1-2 of the Vail Town Code. The purpose of the Natural Area Preservation zone district is stated in Section 12-8C-1 of the Vail Town Code as: “The natural area preservation district is designed to provide areas which, because of their environmentally sensitive nature or natural beauty, shall be protected from encroachment by any building or other improvement, other than those listed in section 12-8C-2 of this article. The natural area preservation district is intended to ensure that designated lands remain in their natural state, including reclaimed areas, by protecting such areas from development and preserving open space. The natural area preservation district includes lands having valuable wildlife habitat, exceptional aesthetic or flood control value, wetlands, riparian areas and areas with significant environmental constraints. Protecting sensitive natural areas is important for maintaining water quality and aquatic habitat, preserving wildlife habitat, flood control, protecting view corridors, minimizing the risk from hazard areas, and protecting the natural character of Vail which is so vital to the town's tourist economy. The intent shall not preclude improvement of the natural environment by the removal of noxious weeds, deadfall where necessary to protect public safety or similar compatible improvements.” The proposed zone district boundary amendment for the portion of Tract A currently zoned General Use (GU) to the Natural Area Preservation (NAP) is consistent with this purpose due to the preponderance of slopes greater than 40%. This proposed Natural Area Preservation (NAP) zoning is buffered from the existing Mountain Bell Tower site and the Middle Creek Village Apartments by existing setbacks. 96 11  (7) The extent to which the zone district amendment demonstrates how conditions have changed since the zoning designation of the subject property was adopted and is no longer appropriate; Conditions have changed significantly in the 25 years since Tract A was rezoned from the Agricultural and Open Space (AOS) District to the Natural Area Preservation (NAP) District. For nearly five decades, the lack of availability of housing has been an ongoing concern of the Vail community. What began as a need to ensure safe and adequate housing for a seasonal workforce, has grown into a region-wide deficit of more than 5,000 homes within the Valley. The lack of availability of housing remains one of the foremost critical issues facing the Vail community as cited by respondents to community surveys. As the Town of Vail has become more populated the demand for housing in the Town of Vail has grown at a corresponding rate. The rate of development of free-market dwelling units over the past four decades has far outpaced the rate of development of resident- occupied, deed-restricted homes, causing a significant deficit within the Vail community. The Vail Town Council has made housing a top priority in the 2018-2020 Action Plan and the Vail Housing 2027 Strategic Plan. While the Vail Indeed program has proved successful since its adoption, there is a recognized need to build new resident-occupied, deed-restricted homes in the Town of Vail. The rezoning of Lot 4 provides a future location for much needed early childhood learning and the rezoning of Lot 5 creates a future land resource opportunity for the Town to pursue “catch-up” housing opportunities on the site. In the case of the portion of Tract A proposed to be rezoned to Natural Area Preservation (NAP) District from the General Use (GU) District, the rezoning for this portion was approved prior to the minor subdivision requesting the creation of the West Middle Creek Parcel. At the time of the subdivision, both portions of Tract A were placed in the same development lot. This rezoning reflects the decision to keep these portions of Tract A as a single lot by unifying its zoning designation.  (8) Such other factors and criteria as the commission and/or council deem applicable to the proposed rezoning. The scarcity of available land resources to meet the growing needs of early childhood learning and resident-occupied, deed restricted housing has been an ongoing concern for the Vail community. Simply stated, there is little to no land area remaining for these much-needed community uses. New opportunities need to be created where practical, appropriate and feasible. The newly created and rezoned Lots 4 and 5 are a practical and appropriate location to create new opportunities for early childhood learning and housing as demonstrated by the West Middle Creek Site Feasibility Study. Tract A is town-owned and centrally located between the two commercial job core areas of Vail. Developing new early childhood learning and housing opportunities for Vail’s workforce conveniently located near places of employment and businesses is responsible community development and land use planning. These two new lots meet a community need and do so in an infill development location. It does not require sprawl or growth outside of the established urban growth boundaries of the Town of Vail. Amending the zoning for the new Lots 4 and 5 is good land use planning. By design, the only allowed type of development in the Housing (H) District is resident-occupied, deed- 97 12 restricted housing. If additional early childhood learning and housing are what the community needs, and the location of new Lots 4 and 5 is practical and appropriate for, then good land use planning dictates that applying the General Use (GU) and Housing (H) zone districts to Tract A is a logical decision. The Town missed numerous opportunities to address the early childhood learning and housing needs during the past five decades. In many instances, the growth of free-market dwelling units was prioritized and outpaced the development of early childhood learning and local resident housing. The crucial need for these vital community uses exists and more easily developed sites are already developed with other uses. IV. Summary: The obligation to demonstrate compliance with the prescribed development application review criteria lies with the applicant. The Town of Vail Planning & Environmental Commission’s role is to determine whether, based upon the review criteria and factors for consideration, the applicant has met their compliance obligation. The Town of Vail has provided a written response to the review criteria for the Vail Land Use Plan amendment, the minor subdivision application, and the rezoning request for the Commission’s consideration. In doing so, the relevant information has been provided which supports a recommendation of approval of each of the development applications from the Planning & Environmental Commission to the Vail Town Council. The applicant has shown that each of the applications complies with the applicable criteria and serves to advance the Town’s municipal objectives and development goals. As proposed, the applications will result in future development which is not only compatible with surrounding uses and existing development, but does so in a location that has been considered feasible for residential development. Most importantly, it has been demonstrated that there remains a critical need for land within the Town of Vail to be rezoned and repurposed for early childhood learning and local resident housing. Identifying community needs and creating future opportunities to fulfill those needs demonstrates responsible land use planning. Exhibits: 1. Land Use Plan Amendment Map 2. Minor Subdivision Plat 3. Rezoning Map (EIR, Steep Slopes and Geohazard maps attached to staff report) 98 Present:Bobby Lipnick Karen Perez Henry Pratt Bill Jensen Reid Phillips Brian Judge Absent:John Rediker 1.Virtual Link Register to attend the Planning and Environmental Commission meeting. Once registered, you will receive a confirmation email containing information about joining this webinar. 2.Call to Order 3.Worksession 4.Main Agenda Planner: Greg Roy Applicant Name: Town of Vail, represented by SE Group 4.1 PEC22-0016 - A request for a recommendation to the Vail Town Council for a Prescribed Regulation Amendment amendment, pursuant to Section 12-3-7, Amendment, Vail Town Code, to amend portions of Title 12, Zoning Regulations and Title 14, Development Standards, Vail Town Code to create the West Vail Multiple Family 1 (WVMF1) and West Vail Multiple Family 2 (WVMF 2) Zone Districts and setting forth details in regard thereto. Items 4.1 and 4.2 are heard concurrently. Planner Roy gives a presentation to introduce the history of the Master Plan. Ellie Wachtel with SE Group follows up with specific info and goals regarding the Master Plan process. The PEC meetings started back in June, this is 6th meeting at the last meeting there was a 3-3 vote with no recommendation. Staff revised language regarding density and interior conversions. Roy notes a proposed condition that legal should look at Sections 12-6L and 12-6K before going to council. Phillips says clarification is needed on legal language. Perez says that gives her caution, there has been a month and a half to figure out the language and the Planning and Environmental Commission Minutes Monday, December 12, 2022 1:00 PM Vail Town Council Chambers Staff Memorandum PEC22-0016 12-12-22.pdf Attachment A. 14-8-1 Site Development Standards Table Amendments.pdf Attachment B. Public Comment - Aasland - 8-11-22.pdf Attachment C. Public Comment - Gadberry 8-1-22.pdf Attachment D. Public Comment - Bergey 11-22-22.pdf Attachment E. Public Comment - Bernstein 12-8-22.pdf Attachment F. Public Comment - Bergey 12-8-22.pdf Attachment G. Public Comment - Gadberry 11-28-22.pdf 1 Planning and Environmental Commission Meeting Minutes of December 12, 2022 99 commission needs the language to make decision. Every word counts. Jensen seconds that thought. Judge asks why are we not approving the map? He personally missed the conversation and has questions relating to the zoning map. He asks how the lines were decided and why certain properties were excluded. The letters of concern from public are concerning to him. He would like to understand the philosophy of why some were excluded or included. Roy says characteristics lend themselves to the product of the development and was a process. Judge sites a case shared driveways and is concerned about larger development along access into the site. Wachtel says it was looked at parcel by parcel. The map started with more properties included. There was a focus on properties that already had multi-family. Judge says he is concerned about spot zoning without consistent metrics applied. Pratt says last meeting we talked about the cases where there was a single family or duplex that did not want to be involved in deed restriction. He does not see that in the minimum density language. If a single-family or duplex redevelops, do they need to be deed restricted? Phillips says two or fewer units do not need to have deed restricted requirements upon redevelopment per last meeting. Planner Roy noted this to change in the amendment. Perez adds that this language is not in the memo nor the amendment. It needs to be included to move ahead. Perez asks for public comment. Sue Gadberry is a West Vail resident. She hands out a letter to commission members. Half of existing units in her complex are deed restricted. All units are occupied by local residents, except one lives part time in retirement in another state. She states that deed restriction requirements his will make a difference to our community. She is concerned about upgrading the current building to meet the requirements of new regulations that would be in place if a fire were to destroy the property. What is the benefit from existing deed restricted units? In order to deed restrict more units, locals would need to come up with more money. Would the Town pay for that? Typically, the Town would give money to give restrictions on property. That is not true here. The owners would have to pay for this deed restriction and pay to redevelop. These units would now also be Ggandfathered rebuild which reduces the size of units. Could couples or families still reside if unit sizes shrink? Could there be a credit for existing deed restrictions? Would housing still be suitable for people working in the community? Benji Gadberry lives in the neighborhood. He says local workers live in the building and are concerned about way the proposed zoning is looking at redevelopment. Redevelopment may be only option if building burns down, it won't meet requirements by new standards if just rebuilt as-is. He acknowledges the difficulty in the planner role in the housing crisis. He asks commission to slow down the process to see how the changes will impact the working locals. Angela Overy owns three units in 2039 Chamonix Lane. They are full time rental units with long term tenants. She listens to other locals mention fire and rebuilding and it sounds horrific. If she had a fire at her building, she would rebuild to increase the number of units as it would be practical for people of the 2 Planning and Environmental Commission Meeting Minutes of December 12, 2022 100 valley (more units to rent). However, the numbers for her don't work financially right now, as she likes to keep it at affordable rental space for locals. Her property is doing good at the moment, but she would like ideas from the town. Kathy Langenwalter lives on Arosa Drive. Her property is not affected by the change, but neighbor is. She says buildable is the important word. Was on the planning commission when EHUs and Buildable area were codified. Here, we are opening up issues of spot zoning; ability to make building site livable, should not include excessive slope in calcs. She says buildable area is deleted in this document, it should not be the total lot area. Multifamily GRFA and lot size should be based on buildable area. She references the appropriate types of EHUs for the area. She asks about the reduction in parking? Why would we do that - its a mistake. The setbacks were changed from 20 feet to 15 feet. Multifamily has larger bulk which is the reason for larger setbacks for air and space. She has many concerns there. The WVMF2 proposal is more palatable in the main area, but it still is spot zoning and not consistent with the mapping. The neighborhood already has consistency, but why can't we come up with a redevelopment process? The document is very advantageous to redevelopment by a developer, butnot for a local. She would hate to see this turn into a place where you can't live as a resident and local. Greg Gadberry is full time resident at Vail Hieghts. The Master Plan provides detailed goals and strategies to preserve what is popular about West Vail. The policies seem responsive to helping local property owners. But the zoning proposes strict limits on the number of units per acre. If we lose our building to fire, we will have to reconfigure deed restriction numbers. Where are the incentives for existing property owners of "old west Vail"? Siri Roman lives on Alpine Drive. She is trying to understand the impacts; the beauty of west Vail is that it is an eclectic neighborhood, where the locals live. She wonders if the area will be gentrified with larger developers moving in? What will fabric of the neighborhood look like once developers move in? It's affordable, charming; she wants to learn more about the real intent of development. Jack Bergey lives in the neighborhood. He asks if it's a current duplex, can you build a duplex back and not deed restrict? The new proposed plan doesn't address development on lots under 10,000 sf. We all want to preserve locals housing everyone wants the same thing? The Master Plan wants to make units conforming and replace aging units - who is going to help the locals financially? It seems as if there is a huge penalty if locals try to develop their properties further. GRFA is cheapest square footage you can build; the site coverage and setbacks are worthless with the restrictive GRFA. He appreciates the hard work around this though despite his concerns. Bob Armour lives on Arosa Drive. He acknowledges Judge's assessment of spot zoning. He says he doesn't think with good conscience that the PEC can forward this to Town Council without the legal wording. Julie Overy manages properties for her mother, who provides rental units to locals. They recently had an assessment done on the property; the only way to make money is to redevelop with less units. However, this takes away from the goal of helping locals. There are a lot of unintended consequences in the plan and it favors developer-driven redevelopments. It appearsthat independent, small-scale development will be nearly impossible under plan. She is wondering if the overall character of the neighborhood will change. There needs to be increases in GRFA adjusted parking, and a re-look at EHUs. In terms of deed restrictions, she is asking the Town to "give us a carrot to add additional units". Jacquelyn Deveric lives on Alpine Dr.. She wrote letter and her brother will pass out letter. The letter will be part of official record. She appreciates the work involved with the Master Plan, although she has concerns about the plan especially regarding the WVMF2 area. The current zoning exists for a reason. What is proposed turns a part of the neighborhood into a Denver suburb apartment-style development. Blanket change is not an appropriate response. Property owners knew what zoning was when they bought it and are asking that the Town doesn't change the rules after many decades. Redevelopment is 3 Planning and Environmental Commission Meeting Minutes of December 12, 2022 101 only advantageous for a large developer. But for the rest of us, it forces us to take huge cuts to our property values, forced deed restrictions and a change in lifestyle. This plan is not enough. We shouldn't make change hastily to the neighborhood. Perez asks for commissioner comment. Jensen thanks everyone for all of the public comment which is very valuable. We do have a housing crisis. I'm sure the plan evolved to help solve this. I don't see this plan as attractive to a large developer. The map doesn't work to their benefit. The potential largest developer down the road is most likely the Town of Vail. However, the plan doesn't feel well thought out at this point. What happens with one owner of multiple properties? It does make sense in case of fire to help add units to help enhance properties if insurance in involved. Phillips says this plan is trying to help a larger problem. There is not an option to maintain the current housing inventory with existing zoning without changes to the zoning. Maintaining units, not taking away units is the goal and is critical to local workforce. Regarding parking utilizing public transit is the goal of this plan and reducing single car driving. By reducing parking demand, we encourage public mobility option. Site coverage is a concern; the plan is trying to increase the amount to allow space concern, trying to give that "carrot" for both developer and local owners. The current zoning is not working and needs to updated. This plan is not perfect, it is a work in progress. Given the fabric of community, blanket zoning doesn't work. There is a need to look at each property, trying to find properties that just don't work. The PEC understands the importance of this neighborhood and we are trying to support employee and affordable housing. We will continue to work on this. Judge echoes his previous colleagues. He sympathizes with public comment. The plan is trying not to become an incentive for outside developers and is trying not to blanket zone. He has concerns about setbacks and site coverage today, but not necessarily concerned about WVMF2. He is wondering why these properties are not included in the zoning study: 2328 Garmisch. 238 Garmich townhomes, 2239 Chamonix ( Capstone townhomes (1817 Meadow), 1895 Meadow, Meadow and Buffehr Creek. In regards to the fire and rebuilding conversations, he knows that Town will work with residents on rebuilding in an appropriate time frame and to best meet the needs of the owners. He stresses that we need to properly zone this part of Vail. Pratt says he encourages the public to go to Council with their opinions and concerns. He notes that this has been a difficult process, particularly with the spot zoning. Basically, we took out ones that didn't meet the zoning requirements, which could be spot zoning. He disagreed about parking, as it is considered an incentive to those who are redeveloping to give more GRFA. Maybe use increased height, lot coverage, etc. to act as incentive. Pratt recognizes that this is an imperfect document. However, this is all currently zoned as primary/secondary residential and we are trying to make it easier for residents to rebuild. EHUs do represent a reduced value vs regular residential units. To rebuild, owners do not need to decrease size of units to accommodate new requirements, this is false information. Lipnick thanks everyone for your comments. This is a difficult process and has been throughout this year. It is an imperfect process and we are not ready to vote on it. The exception raised at last meeting has not been included (single family / deed restrictions) and he is concerned about spot zoning. The importance of the character of existing neighborhoods is extremely important. Employee housing is ideal in existing neighborhoods. There is a balancing act between getting the right residential, commercial and recreational needs; there is no perfect solution. He hears the concerns from the residents: traffic, population, safety and that it is not what you bought into years ago. However, we must remain flexible in responding to the needs of the community. We need to come up with the best recommendation possible but be consistent with Vail housing plan, West Vail master plan, Vail comprehensive plan and the need for workforce and locals housing. Perez thanks everyone again for coming out. The more input we can get, the better. We need to change 4 Planning and Environmental Commission Meeting Minutes of December 12, 2022 102 the properties into conformance - change is necessary. We can do better, although there is no perfect solution. We need legal language about the number of legal units before we can move forward. There is no exception for the two units (re: from last meeting) regarding deed restriction. EHU 3 and 4 needs to change, especially if EHU 3 is not possible. In terms of parking, west Vail has more bus lines than anywhere, and the area encourages mobility changes. Currently, it is a mosaic of zoning, so we are doing our best. We still don't have a two year rebuild policy after a calamity situation - one year doesn't work with insurance and permits, etc. We definitely need to see the legal language before making a decision. We also need to see examples. Perez would offer legal expertise to help town attorney to get this moving forward with council and to get this topic off of commissioner's plate. Perez asks would the applicant like to table or vote? Roy asks for a Tabling for the January 9th PEC meeting date. He says we will address issues and study properties that came up as noted by Judge on zoning map. Perez says to get the legal language; and specifically give updates on legal language regarding density as soon as possible well before meeting date for commission to review. Phillips says we need to provide direct case studies on specific residences including over maximum density cases. What are the effects of new zoning on some of these properties? What penalties or advantages are there if they rebuild as-is? . Roy says we can do that, especially with units, unit count, GRFA, and site coverage. We can provide a full breakdown of what's existing and what is possible. Pratt says if language for minimum unit count is existing, could more of the zone district be applied and avoid spot zoning? It's possible that what's there would be allowed. Phillips says no net loss of units has been a conversation for quite some time. Judge says if the district could be larger then it may avoid the concerns about the zoning brought up today. Planner: Greg Roy Applicant Name: Town of Vail, represented by SE Group 4.2 PEC22-0029 - A request for a recommendation to the Vail Town Council for a Zone District Boundary Amendment pursuant to Section 12-3-7 Amendment, Vail Town Code to establish the boundaries of the West Vail Multiple Family 1 (WVMF1) and West Vail Multiple Family 2 (WVMF2) zone districts and setting forth details in regard thereto. 4.3 PEC22-0018 - A request for a recommendation to the Vail Town Council for a review of a Vail Land Use Plan map amendment, pursuant to Section 8-3, Amendment Process, Vail Henry Pratt made a motion to Table to January 9, 2023; Reid Phillips seconded the motion Passed (6 - 0). Staff Memorandum PEC22-0029 12-12-22.pdf Attachment A. Zone District Amendment Proposal.pdf Henry Pratt made a motion to Table to January 9, 2023; Reid Phillips seconded the motion Passed (6 - 0). 5 Planning and Environmental Commission Meeting Minutes of December 12, 2022 103 Planner: Greg Roy Applicant Name: Town of Vail, represented by Matt Gennett Land Use Plan, to change the designation of the portions of Tract A Middle Creek Subdivision from Open Space to Public/Semi-Public and High Density Residential and setting forth details in regard thereto. Items 4.3 - 4.5 will be heard concurrently. Planner Roy gives a history of the items. At the last meeting, the PEC requested the hazard and slope maps and the environmental impact report (EIR). He gives a history of the property. He gives a summary of the requests, and the requests are order specific. He shows maps of the vicinity and the proposal. He walks through the hazard and steep slope maps. He summarizes the findings of the EIR report, there were not excessive concerns beyond those of normal redevelopment. Pratt asks when the RETT funds were used to purchase the property. Roy says he will have to double - check. Community Development Director Matt Gennett confirms it was purchased from Vail Resorts using RETT funds. Lipnick asks for clarifications of the lots in the area. Roy walks through the vicinity map. Roy talks about the map for excessive slope. Judge asks how many units are in Middle Creek. Roy says he would have to check. Perez says once a property is zoned open space it is next to impossible to overturn that. She asks for clarification. Roy talks about the difference between zoned Open Space and Designated Open Space. Phillips asks about the percentage of the swap related to the zone district amendment. Gennett believes there is a net increase in Natural Area Preservation. Matt Gennett is representing the applicant. He gives a summary of the requests. He walks through the maps and indicates that none of these proposals is in a high hazard area. Lipnick asks how the hazard risk compares to Middle Creek and Residence at Main Vail. Gennett says it is similar. Both sites had similar hazards, and a variance was granted for portions of Staff Memorandum - WMC - LU Amend 12-12-22 .pdf Attachment A. West Middle Creek - Applicant Narrative 120822.pdf Attachment B. Proposed Land Use Amendment Map.pdf Attachment C. Hazards and Slope Maps.pdf Attachment D. EIR Summary.pdf Attachment E. West Middle Creek EIR - Terracon - 12-9-22.pdf 6 Planning and Environmental Commission Meeting Minutes of December 12, 2022 104 Residences at Main Vail related to slope. Gennett says one of the goals is to provide a location for early childcare. The current site for the Children's Garden of Learning is a temporary location. He addresses the criteria for each item. There is no development plan at this point but it would come back before the PEC at that time. The goal is to run this in conjunction with Timber Ridge so they can accommodate as many people as possible that may be temporarily relocated due to redevelopment. Perez says the plat has a reference to a 2020 title commitment, but the 2020 title commitment was not received. She thinks the concept is fine, but the plat does not meet all the standards. She asks for an updated one and referencing the correct one on the plat. Phillips suggests attaching that as a condition of approval. Gennett says staff will address Perez's concerns, it could be a condition of approval. Jensen asks for clarification on the lots. Gennett says the intent of Lot 4 is access and childcare facility, and Lot 5 the intent is to create housing there. Most of Lot 5 is not in the 40% or greater slope are, so the majority of the development if not all of it would be in area less than 40% grade. Jensen clarifies that the western lot will be for housing and the eastern lot would be childcare and access. Roy clarifies that the best route of access is still being determined and will be included at the development plan. Gennett says there are conversations with CDOT regarding some of the right of way area next to the frontage road. If an agreement was reached they would amend the proposal. When the development plan is presented it would address all criteria. Judge asks about the criteria in the Housing zone district. Gennett says the PEC would be making the final determination on the development plan. Judge asks if the density would be similar to Middle Creek? Gennett says only preliminary feasibility studies have been done, they haven't got as far specific density. Judge asks about Lot 4 and if the access has been studied. Gennett says they have worked in conjunction with the Town Engineer regarding potential access. Judge says he questions why this process takes place without a conceptual development plan. He suggests the Town take a look at that process. Gennett confirms. Perez asks for public comment. There is none. Lipnick says the three requests meet the review criteria and supports the proposal. Pratt says the original zoning plan was not in error. The need for early childcare was self-imposed by the 7 Planning and Environmental Commission Meeting Minutes of December 12, 2022 105 town, it's now proposed on a steep slope. This property was purchased with RETT funds, the Town is now reneging on that process. There are other options, and this is an incredibly difficult site. Judge says the applicants have answered the questions. This is a confined jurisdiction, and he has questions about construction on steep slopes. It may be expensive for the Town to create proper access; he wouldn't support childcare on Lot 4 as he understands it today. Phillips thanks staff for providing the requested information. He says we have to be fairly creative to resolve the current housing crisis. With current construction technology they might be able to solve the steep slope areas. He wants to continue to be innovative in looking for land options for housing. Jensen says this area is appropriate for affordable housing development. He wants to ensure that Lot 4 will be safe in regards to the proposed use when it gets to that point. Perez agrees it may not be the best place for a children's center. She suggests more lighting and safer crossing underneath I-70, particularly for pedestrians. She will vote against it because she doesn't think a condition addresses her concerns regarding the submittal requirements. She thanks staff for their efforts. She says we want to move this along but need to do this in the proper way. Planner: Greg Roy Applicant Name: Town of Vail, represented by Matt Gennett 4.4 PEC22-0020 - A request for review of a Minor Subdivision, pursuant to Title 13, Chapter 4, Minor Subdivisions, Vail Town Code, to allow for a subdivision to create new parcels, Lot 4 and Lot 5 Amended Final Plat Middle Creek Subdivision, a Resubdivision of Tract A, and setting forth details in regard thereto. Discussion continues on Item 4.4 Judge asks about more information regarding RETT funds. What did it say in 1974 regarding use for open space? Pratt says the money is intended for the purchase of open space, has been amended to include Housing sites. Judge says there should be a condition. Perez says her hang-up is that she can't say it meets the criteria because of the title submission. Phillips asks if a 2020 Title Commitment is present. Reid Phillips made a motion to Recommend for approval with the findings in the staff memo; Bill Jensen seconded the motion Passed (4 - 2). Voting For: Bill Jensen, Bobby Lipnick, Reid Phillips, Brian Judge Voting Against: Karen Perez, Henry Pratt Staff memorandum - WMC - Minor Sub 12-12-22.pdf Attachment A. Proposed Final Plat 10-26-22.pdf Attachment B. West Middle Creek - Applicant Narrative 120822.pdf 8 Planning and Environmental Commission Meeting Minutes of December 12, 2022 106 Gennett confirms it can be forwarded to the commissioners. Gennett confirms the RETT fund will be reimbursed commensurately to the value in the same manner as was done for the other lots in the subdivision. Planner: Greg Roy Applicant Name: Town of Vail, represented by Matt Gennett 4.5 PEC22-0019 - A request for a recommendation to the Vail Town Council for a zone district boundary amendment, pursuant to Section 12-3-7, Amendment, Vail Town Code, to allow for the rezoning of the portions of Tract A Middle Creek Subdivision from Natural Area Preservation to General Use and Housing, and setting forth details in regard thereto. Discussion continues on Item 4.5 Judge says he has reservations about the slope related to GU Lot 5. Roy says it will be back before the PEC. Jensen says it is a Town project, but we have to hold everybody accountable to the same level. Phillips and Perez talk about the requirements for title commitments. 5.Approval of Minutes 5.1 PEC Results 11-14-22 6.Information Update 6.1 EV Readiness Plan Update Reid Phillips made a motion to Approve with the findings in the staff memo and the following conditions 1. The applicant shall provide an updated title report to Staff 2. The RETT fund will be reimbursed in the same manner as was done for the other lots in the subdivision. ; Brian Judge seconded the motion Passed (4 - 2). Voting For: Bill Jensen, Bobby Lipnick, Reid Phillips, Brian Judge Voting Against: Karen Perez, Henry Pratt Staff Memorandum - WMC - Rezoning 12-12-22.pdf Attachment A. Applicant Narrative 120822.pdf Attachment B. Zone District Amendment Proposal.pdf Reid Phillips made a motion to Recommend for approval with the findings in the staff memo; Bobby Lipnick seconded the motion Passed (4 - 2). Voting For: Bill Jensen, Bobby Lipnick, Reid Phillips, Brian Judge Voting Against: Karen Perez, Henry Pratt Bobby Lipnick made a motion to Approve ; Bill Jensen seconded the motion Passed (6 - 0). PEC Results 11-14-22.pdf EV Readiness Plan Memo 12-12-2022.pdf 9 Planning and Environmental Commission Meeting Minutes of December 12, 2022 107 An update is provided by Cameron Millard (Energy Efficiency Coordinator), Beth Markham (Environmental Sustainability Coordinator), and Chris Southwick (Mobility Innovation Coordinator). They give a presentation on the progress of the plan. Millard talks about the stakeholder input process. He talks about the electric vehicle (EV) charging infrastructure in town and strategies for increasing EV charging infrastructure. Perez asks about the associated costs and where these will be located. She is concerned about the equity issue, who are these being catered to. She is for the environment but the costs of the proposal give her pause. She says more bus service may be a better solution. Millard says the plan addresses bussing and other mobility solutions. The single occupancy vehicle (SOV) is the last resort and other modes should be encouraged. But if it is an SOV trip, electric is preferred. This is not trying to be a transportation master plan, it's looking at the adoption of EV to meet climate goals in a fair and equitable way. Markham says the the plan will look at what the policy strategies should be. Millard and Markham discuss possible fee strategies. Judge agrees that the infrastructure backbone needs to be put in place. The management and fee strategy will need to be examined. He suggests working with Town-owned redevelopment projects. Jensen encourages looking at how they can grow 100% a year instead of 50%. He suggests adopting pay to play principles. He encourages being bold to meet the increasing demand. Perez says there is a big barrier to entry which hopefully will be reduced moving forward. Millard talks about the current use in Vail. Phillips asks about the costs of the utilities provided to Level 2 chargers. He knows Vail Fire has significant concerns about EV chargers, which is shared by some neighboring communities. It is a significant concern and he wants to make sure safety concerns are addressed with the infrastructure implementation. We need to provide these parking spaces but it can be difficult to rationalize rising parking costs while there is free electric charging. Southwick says it is a evolving field and they will have to consider best practices moving forward. Phillips and Jensen discuss potential strategies. Markham says this was born out of the GOEV city resolution that the Town adopted in the fall of 2021. Pratt suggests emphasizing the fast chargers more; they maybe shouldn't be inside the parking the structure, but rather in the short term parking spots. The Level Two chargers will be less desirable moving forward compared to the fast chargers. Southwick talks about the Town-owned fleet of vehicles. The technology is changing rapidly so the targets might change as they are revisited moving forward. He walks through fleet transition strategies. Judge asks about the cost, longevity, maintenance of an electric bus in related to combustion. Southwick runs through the up front costs, and other costs like batteries. Pratt says the longer term goals past 2030 may need to be revised given emerging technologies like hydrogen powered vehicles. 10 Planning and Environmental Commission Meeting Minutes of December 12, 2022 108 Millard talks about EV readiness policies and strategies. Judge says personal transportation will change significantly over the next decades. Lipnick says the county is looking at Zipcars, is the Town also looking at these. Markham says that's a good segway into the community EV readiness goals and strategies. There is an equity lens for all the strategies including decreasing the barriers for adoption. Pratt asks if fleet pricing can be leveraged for the general population of Vail. Markham says that could be an opportunity to look at. Jensen suggests looking at taxes for leasing EVs. Markham addresses micro-mobility goals. Judge says this is also a growing field that it's good to get ahead of, the interface will be important. Pratt says you could consider gearing down some of the eBikes for safety concerns. Markham says that is incorporated in the ebike share program. Phillips suggests the implementation of more solar on Town facilities on the sustainability side. Millard says its on the radar, the utilities don't necessarily want more PV unless it comes with storage, which is a key component. 7.Adjournment (Perez absent) Reid Phillips made a motion to Adjourn ; Bobby Lipnick seconded the motion Passed (5 - 0). 11 Planning and Environmental Commission Meeting Minutes of December 12, 2022 109 1 TO: Planning and Environmental Commission FROM: Community Development Department DATE: December 12, 2022 SUBJECT: A request for a recommendation to the Vail Town Council for a review of a Vail Land Use Plan map amendment, pursuant to Section 8-3, Amendment Process, Vail Land Use Plan, to change the designation of the portions of Tract A Middle Creek Subdivision from Open Space to Public/Semi-Public and High Density Residential and setting forth details in regard thereto. PEC22-0018 Applicant: Town of Vail, represented by Community Development Director Matt Gennett Planner: Greg Roy I. SUMMARY The applicant, Town of Vail, represented by Community Development Director Matt Gennett, is requesting a recommendation to the Vail Town Council for a review of a Vail Land Use Plan map amendment, pursuant to Section 8-3, Amendment Process, Vail Land Use Plan, to change the designation of portions of Tract A Middle Creek Subdivision from Open Space to Public/Semi-Public and High Density Residential. Based upon Staff’s review of the criteria outlined in Section Vl of this memorandum and the evidence and testimony presented, the Community Development Department recommends the Planning and Environmental Commission forward a recommendation of approval to the Vail Town Council. II. DESCRIPTION OF REQUEST The applicant is proposing to amend the land use for portions of Tract A Middle Creek Subdivision from Open Space to Public/Semi-Public and High Density Residential. Currently, the developed portions of the Middle Creek Subdivision consist of Middle Creek Housing, Residences at Main Vail, and the US WEST communications facility. 110 Town of Vail Page 2 The portions of the site that are proposed for land use amendment are not developed and are currently vacant. The maps below show existing and proposed Land Use Designations: Included with this memorandum as attachments are the following for review by the commission: A. Applicant Narrative, 12-8-2022 B. Proposed Land Use Amendment Map 8-19-22 C. Hazards and Slope Map 12-6-22 D. EIR Summary – Terracon -12-2-22 II. BACKGROUND The property was annexed into the Town of Vail in 1968 with Ordinance No. 8, Series of 1969. In 1974, the property was deeded to the Town of Vail as part of an agreement with Vail Associates Inc. The land use is believed to have been enacted with the original annexation of the property. In 2002, the property was subdivided to create Lots 1 and 2 111 Town of Vail Page 3 to hold the Middle Creek Housing and the site of the telecom tower. In 2020, Lot 3 was subdivided out of the larger Lot 1. In 2001, the PEC recommended approval of the land use change and rezoning of Lot 1 to accommodate the Middle Creek Housing project. Originally the site had a land use designation of Open Space and was amended to be High Density Residential. Similarly, the original zoning was Natural Area Preservation and the site was rezoned to Housing. At the September 26th, 2022 PEC meeting, the Commission requested additional materials to be provided with the application, including an Environmental Impact Report, a map of the hazards in the area and a map of the slope of the site. The maps and a summary of the EIR are included as attachment C and D. The analysis in the EIR summary includes the environmental conditions that were studied and potential impacts of development in the area. A general summary of the impacts that may result from the development of the property shows modest impacts that are to be expected with development of previously vacant land. There are not any significant concerns or impacts noted in the attached summary. III. APPLICABLE PLANNING DOCUMENTS Staff believes that the following provisions of the Vail Land Use Plan and the Vail Town Code are relevant to the review of this proposal: Vail Land Use Plan (in part) Chapter ll – Land Use Plan Goals/Policies 1. General Growth / Development 1.1. Vail should continue to grow in a controlled environment, maintaining a balance between residential, commercial and recreational uses to serve both the visitor and the permanent resident. 1.6. Development proposals on the hillsides should be evaluated on a case by case basis. Limited development may be permitted for some low intensity uses in areas that are not highly visible from the Valley floor. New projects should be carefully controlled and developed with sensitivity to the environment. 1.7. New subdivisions should not be permitted in high geologic hazard areas. 1.10. Development of Town owned lands by the Town of Vail (other than parks and open space) may be permitted where no high hazards exist, if such development is for public use. 5. Residential 5.1. Additional residential growth should continue to occur primarily in existing, platted areas 112 Town of Vail Page 4 and as appropriate in new areas where high hazards do not exist. 5.4. Residential growth should keep pace with the marketplace 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. Chapter Vlll – Implementation 2. Key Goals B. Residential Uses 1. Additional residential growth should continue to occur primarily in existing, platted areas. 2. New subdivisions should not be permitted in proven high geologic hazard areas. 3. Development proposals on the hillsides may be appropriate, in a limited number of cases, for low density residential uses. These proposals would need to be evaluated on a case-by-case basis, with development being carefully controlled as to sensitivity to the environment and visibility from the Valley floor. E. General Growth and Development 5. Development may also be appropriate on Town-owned lands by the Town of Vail (other than park and open space) where: a. No high geologic hazards exist; and b. Such development is for public use. Chapter Vlll – Implementation 3. Amendment Process The amendment process is one which is intended to assure the Plan’s effectiveness with periodic updates to reflect current thinking and changing market conditions. The process includes amendments which may be initiated in any of the following three ways: A. By the Community Development Department B. By the Planning and Environmental Commission or Town Council C. By the private sector A. Community Development Department Amendments The Community Development Department should update and revise the Plan every three to five years, whenever possible. However, if the plan is not updated within such time frame, this shall not jeopardize the validity of the plan. This should include analysis of the goals and policies; update of the forecasting model and review and revision of the Land Use Plan map. The Community Development Department would then make recommendation for proposed changes to the Planning and Environmental Commission where these changes would then be considered in a public hearing format. The Planning and Environmental Commission would then make 113 Town of Vail Page 5 recommendations to the Town Council, which would also hold a public hearing on the proposed changes. If adopted, the changes would then become a part of the Plan. B. Planning and Environment Commission or Town Council Amendments These entities could also initiate plan amendments periodically, as deemed appropriate. These amendments would also require public hearings with both the Commission and the Council, and upon adoption then become a part of the Plan. 4. Proposed Land Use Categories HDR High Density Residential The housing in this category would typically consist of multi-floored structures with densities exceeding 15 dwelling units per buildable acre. Other activities in this category would include private recreational facilities, and private parking facilities and institution/ public uses such as churches, fire stations and parks and open space facilities. OS Open Space Passive recreation areas such as greenbelts, stream corridors and drainageways are the types of areas in this category. Hillsides which were classified as undevelopable due to high hazards and slopes over 40% are also included in this area. These hillside areas would still be allowed types of development permitted by existing zoning, such as one unit per 35 acres, for areas in agricultural zoning. Also, permitted in this area would be institutional / public uses. . IV. SITE ANALYSIS Address: No Address Legal Description: Tract A Middle Creek Subdivision 114 Town of Vail Page 6 Existing Zoning: Natural Area Preservation (NAP) District and General Use (GU) Proposed Zoning: Housing (H) District, Natural Area Preservation (NAP) and General Use (GU) Land Use Plan Designation: Open Space Proposed Land Use Designation: High Density Residential and Public/Semi-Public Geological Hazards: Moderate Hazard Debris Zone and Medium Severity Rockfall Development Standard Natural Area Preservation (NAP) Housing (H) General Use (GU) Lot Size NA Prescribed by PEC Prescribed by PEC Minimum Setbacks NA 20’ from perimeter of zone district Prescribed by PEC Maximum Height NA NA Prescribed by PEC Prescribed by PEC Density NA Prescribed by PEC Prescribed by PEC Site coverage maximum NA Max. 55% of site area Prescribed by PEC Minimum Landscaping NA Min. 30% of site area Prescribed by PEC V. SURROUNDING LAND USES AND ZONING Existing Use Zone District North: US Forest Land NA South: Telecom/Housing General Use (GU)/Housing(H) East: Open Space Natural Area Preservation (NAP) West: Open Space Natural Area Preservation (NAP) VI. REVIEW CRITERIA Any amendments to the Land Use Plan require a public process. Adjacent properties are notified, and the Planning and Environmental Commission holds a public hearing and makes a recommendation to the Town Council on the proposal. The Town Council adopts the changes by resolution. Any changes to the Land Use Plan must address the following three criteria: 1. How conditions have changed since the plan was adopted The Vail Land Use Plan was originally adopted in 1986 and updated in 2009. Since that time, there have been several approvals and subsequent development in the immediate area that have changed the land use in the area. 115 Town of Vail Page 7 In 2001, the Vail Town Council, upon a recommendation from the Planning and Environmental Commission, approved a land use amendment, rezoning, and subdivision for the original Middle Creek Housing site. At that time, the entire property was in the Open Space land use category and zoned Natural Area Preservation. The approved amendments and the subsequent development of the lot was a change that was not in place in 1969 when the plan was originally adopted. That is an example of how the need for housing spurred a change that the Land Use Plan did not contemplate when it was adopted. Like today, there was another increase in the need for housing that was not present at the recent update of the Land Use Plan. In 2020, a portion of the site, Lot 1 Middle Creek Subdivision, was subdivided to allow for the development of the Residences at Main Vail. Lot 1 did not require a land use amendment but illustrated the need for additional housing sites that were not contemplated in the adopted land use plan. It shows how the current need for housing is renewing the search for potential housing sites. Completed in 2019, Solar Vail, a privately owned employee housing development, replaced a smaller project in an effort to provide additional housing units for employees of in-town businesses. Staff finds that the proposed land use amendment conforms to this criterion. 2. How the plan is in error The original land use plan adopted in 1986 had the area changed to High Density Residential and the adjacent Middle Creek site designated as open space. A portion of that has since been amended and is recognized as suitable for high density residential. Staff believes the plan is in error for not recognizing additional areas of the site that are directly adjacent to the right-of-way as land that is also suitable for high density residential and other public/semi-public uses. As the need for housing has increased, the reassessment of previously designated sites has been needed to determine if there are specific areas within these sites that might be suitable for development. The subject areas of the lot proposed for the land use change were identified as developable portions. The amendment and development of Middle Creek followed by the additional development of Residences at Main Vail supports the position that the area adjacent to the frontage road is a suitable location for development as it continues to be built upon. In “Chapter Vll – Community Facilities” of the Land Use Plan there is a section on Facility/Service Requirements that notes the demand for various community facilities. One of the types of facilities studied wer schools in the town and 116 Town of Vail Page 8 surrounding areas. The Plan projected that sufficient schools, and sites for future schools, existed and that there was no need for additional facilities. Recent reports have shown that additional childcare and early childhood education facilities are needed. The site proposed for Public/Semi Public land use would be appropriate to use for a new facility to provide additional education services. Staff finds that the proposed land use amendment conforms to this criterion. 3. How the addition, deletion, or change to the plan is in concert with the plan in general Staff has identified the following objectives and goals, which staff believes are relevant to this proposal from the Vail Land Use Plan. 1. General Growth / Development 1.1. Vail should continue to grow in a controlled environment, maintaining a balance between residential, commercial and recreational uses to serve both the visitor and the permanent resident. 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 with the marketplace 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 finds that the proposed land use amendment conforms to this criterion. VII. STAFF RECOMMENDATION Based upon the review of the criteria outlined in Section Vl of this memorandum and the evidence and testimony presented, the Community Development Department recommends the Planning and Environmental Commission forward a recommendation of approval to the Vail Town Council for a Vail Land Use Plan map amendment, pursuant to Section 8-3, Amendment Process, Vail Land Use Plan, to change the designation of the portions of Tract A Middle Creek Subdivision from Open 117 Town of Vail Page 9 Space to Public/Semi-Public and High Density Residential 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, the Community Development Department recommends the Commission pass the following motion: “The Planning and Environmental Commission forwards a recommendation of approval to the Vail Town Council for a Vail Land Use Plan map amendment, pursuant to Section 8-3, Amendment Process, Vail Land Use Plan, to change the designation of the portions of Tract A Middle Creek Subdivision from Open Space to Public/Semi-Public and High Density Residential and setting forth details in regard thereto. “ Should the Planning and Environmental Commission choose to forward this recommendation of approval, the Community Development Department recommends the Commission makes the following findings: “Based upon the review of the criteria outlined in Section Vl of the Staff memorandum to the Planning and Environmental Commission dated December 12th, 2022, and the evidence and testimony presented, the Planning and Environmental Commission finds: 1. That the amendment is consistent with the adopted goals, objectives and policies outlined in the Vail comprehensive plan and compatible with the development objectives of the town; and 2. That the amendment does further the general and specific purposes of the zoning regulations; and 3. That the amendment does 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 highest quality.” IX. ATT ACHMENTS A. Applicant Narrative, 12-8-2022 B. Proposed Land Use Amendment Map 8-19-22 C. Hazards and Slope Map 12-6-22 D. EIR Summary – Terracon -12-2-22 118 75 South Frontage Road West Housing Department Vail, Colorado 81657 970.479.2150 vailgov.com December 20, 2022 Mayor and Vail Town Council Town of Vail 75 South Frontage Road West Vail, Colorado 81657 RE: Letter of Support - West Middle Parcel Final Subdivision Map and Zoning Applications Dear Mayor Langmaid and the members of the Vail Town Council: We are forwarding this letter on behalf of the Vail Local Housing Authority to provide our support of the development applications for a final subdivision plat and zoning map amendment of the West Middle Creek parcel. History has proven the value and importance of ensuring homes for our year-round and seasonal residents to maintain and sustain community within the Town of Vail. The new resident-occupied homes that will one day be developed on the West Middle Creek parcel will significantly increase the supply of critical housing infrastructure in our community. As proposed, the applications fully comply with the adopted subdivision regulations and zoning criteria. The Vail Local Housing Authority respectfully asks that you unanimously approve the two applications in support of the adopted housing goal and to continue making collaborative progress towards resolving the housing challenge to the benefit of the greater Vail community. Sincerely, Steve Lindstrom, Chair, VLHA Dan Godec, VLHA Kristin Kenney-Williams, VLHA James Wilkins, VLHA Craig Denton, VLHA 119 AGENDA ITEM NO. 6.2 Item Cover Page DATE:December 20, 2022 TIME:20 min. SUBMITTED BY:Greg Roy, Community Development ITEM TYPE:Action Items AGENDA SECTION:Action Items SUBJECT:Ordinance No. 25, Series of 2022, First Reading, An Ordinance Rezoning Lot 5 of the Middle Creek Subdivision, a Resubdivision of Tract A, from Natural Area Preservation (NAP) to Housing (H); Lot 4 of the Middle Creek Subdivision, a Resubdivision of Tract A, from Natural Area Preservation (NAO) to General Use (GU), and the Remainder of Tract A, Middle Creek Subdivision, a Resubdivision of Tract A, From General Use (GU) to Natural Area Preservation (NAP) SUGGESTED ACTION:Approve, approve with amendments, or deny Ordinance No. 25, Series of 2022 upon first reading. PRESENTER(S):Greg Roy, Senior Planner STAFF RECOMMENDATION:The Planning and Environmental Commission held a public hearing on the proposed Zone District Boundary Amendment on December 12, 2022, where a recommendation for approval was forwarded to the Vail Town Council by a vote of 4-2-0 (Pratt and Perez opposed). VAIL TOWN COUNCIL AGENDA ITEM REPORT ATTACHMENTS: Ordinance No. 25 Staff Memorandum.pdf Attachment A. Ordinance No. 25, Series of 2022.pdf Attachment B. Proposed Zone District Boundary Amendment Map 12-13-22.pdf Attachment C. Applicant Narrative 120122.pdf Attachment D. PEC Minutes from Meeting on 12-12-2022.pdf Attachment E. Staff Memorandum PEC22-0019.pdf 120 TO: Town Council FROM: Community Development Department DATE: December 20, 2022 SUBJECT: First Reading of Ordinance No. 25, Series of 2022, an ordinance rezoning lot 5, of the middle creek subdivision, a resubdivision of tract A from natural area preservation (NAP) to the housing (H); lot 4 of the middle creek subdivision, a resubdivision of tract A, from natural area preservation (NAP) to the general use (GU) district, and the remainder of tract A middle creek subdivision, a resubdivision of tract A, from general use (GU) to the natural area preservation (NAP). PEC22-0019 Applicant: Town of Vail, represented by Community Development Director Matt Gennett Planner: Greg Roy I. SUMMARY The applicant, Town of Vail, represented by Community Development Director, Matt Gennett, is requesting the First Reading of Ordinance No. 25, Series of 2022, an ordinance rezoning lot 5, of the middle creek subdivision, a resubdivision of tract A from natural area preservation (NAP) to the housing (H); lot 4 of the middle creek subdivision, a resubdivision of tract A, from natural area preservation (NAP) to the general use (GU) district, and the remainder of tract A middle creek subdivision, a resubdivision of tract A, from general use (GU) to the natural area preservation (NAP). The Planning and Environmental Commission held a public hearing on the proposed Zone District Boundary Amendment on December 12, 2022, where a recommendation for approval was forwarded to the Vail Town Council by a vote of 4-2-0 (Pratt and Perez opposed). Included with this memorandum is the following for review by the Town Council: A. Ordinance No. 25, Series of 2022 B. Proposed Zone District Boundary Amendment Map 12-13-22 121 Town of Vail Page 2 C. Applicant Narrative, 12-01-2022 D. PEC Minutes from Meeting on 12-12-2022 E. Staff Memorandum, PEC22-0019 II. ACTION REQUESTED OF TOWN COUNCIL The Vail Town Council shall approve, approve with modifications, or deny Ordinance No. 25, Series of 2022, upon first reading. IIl. BACKGROUND The subject property was annexed into the Town of Vail in 1968 with Ordinance No. 8, Series of 1969. Ordinance No. 19, Series of 1995 zoned the portions of Tract A from Agricultural Open Space to the General Use and Natural Area Preservation districts. This rezoning was part of a larger rezoning that occurred after the passage of the 1994 Open Lands Plan adoption. In 2002, the property was subdivided to create Lots 1 and 2 to facilitate the development of Middle Creek Housing and to create the site for the telecom tower. In 2020, a subdivision application was approved by the PEC to create Lot 3 as the site for the Residences at Main Vail project. lV. REVIEW CRITERIA Before acting on an application for a zone district boundary amendment, the Planning and Environmental Commission shall consider the following factors with respect to the requested zone district boundary amendment: Zone District Boundary Amendment Factors 1. The extent to which the zone district amendment is consistent with all the applicable elements of the adopted goals, objectives and policies outlined in the Vail comprehensive plan and is compatible with the development objectives of the town. The proposed zone district amendment is supported by the Vail comprehensive plan. One component of the comprehensive plan is the Land Use Plan. In the plan, key goals are for additional growth within existing platted areas and areas without high geologic hazards. The proposed amendment would be in a subdivided tract and outside of any high-hazard areas. The plan also notes that development on hillsides may be appropriate on a case-by-case basis and that the development should be low-density as visibility from the valley floor is a consideration. When the plan refers to development on a hillside, the goal is to limit low density residential at the ridgeline. The General Growth and 122 Town of Vail Page 3 Development section of the plan notes that the development of Town-owned land may be appropriate if not within the high hazard zones and if the development is for a public purpose. Staff finds that the proposed zone district amendment conforms to this criterion. 2. The extent to which the zone district amendment is suitable with the existing and potential land uses on the site and existing and potential surrounding land uses as set out in the town’s adopted planning documents. The zone district boundary amendment reflects the existing and potential land uses on the site and in the vicinity. Areas to be amended from General Use (GU) to Natural Area Preservation (NAP) contain steep slopes on excess of 40% not suitable for development. Areas proposed to be rezoned to the Housing (H) District or General Use (GU) designations are suitable for development consistent with allowable uses, being free from high severity hazards and to a great extent slopes in excess of 40%. Staff finds that the proposed zone district amendment conforms to this criterion. 3. The extent to which the zone district amendment presents a harmonious, convenient, workable relationship among land uses consistent with municipal development objectives. The proposed zone district amendment presents a harmonious and workable relationship between land uses consistent with municipal objectives. Uses adjacent and in the vicinity include deed restricted housing and telecom facilities, consistent with the allowable uses of the proposed zone districts and contemplated development. Staff finds that the proposed zone district amendment conforms to this criterion. 4. The extent to which the zone district amendment provides for the growth of an orderly viable community and does not constitute spot zoning as the amendment serves the best interests of the community as a whole. The proposed zone district amendment provides for the orderly development of the subject properties. The development standards of both the General Use and Housing districts are prescribed by the PEC allowing tailor-made standards reflective of the site and the intent of the development. The area along the Frontage Road have been developed with public/semi-public and deed restricted uses. Development contemplated in conjunction with the zone district amendment serves the best interest of the community as demonstrated through its conformity with the Vail Comprehensive Plan. 123 Town of Vail Page 4 Staff finds that the proposed zone district amendment conforms to this criterion. 5. The extent to which the zone district amendment results in adverse or beneficial impacts on the natural environment, including, but not limited to, water quality, air quality, noise, vegetation, riparian corridors, hillsides and other desirable natural features. The amendment does not have any direct impacts that are either adverse or beneficial to the natural environment. In the proposed districts the development standards are proscribed by the PEC, which will ensure all adverse impacts are minimized to the extent feasible. Staff finds that the proposed zone district amendment conforms to this criterion. 6. The extent to which the zone district amendment is consistent with the purpose statement of the proposed zone district. The proposed zone district amendment is consistent with the purpose statements for the General Use and Housing districts. The Housing District Amendment and the uses contemplated herein are consistent with purpose statement of the district which is 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 § 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 permitted in the zone district is appropriately located and designed to meet the needs of residents of Vail, to harmonize with surrounding uses, and to ensure adequate light, air, open spaces and other amenities appropriate to the allowed types of uses.” The General Use amendment and uses contemplated (access and early childhood education) are consistent with the stated purpose of the district which is “to provide sites for public and quasi-public uses which, because of their special characteristics, cannot be appropriately regulated by the development standards prescribed for other zoning districts, and for which development standards especially prescribed for each particular development proposal or project are necessary to achieve the purposes prescribed in § 12-1-2 of this title and to provide for the public welfare. The General Use District is intended to ensure that public buildings and grounds and certain types of quasi-public uses permitted in the district are appropriately located and designed to meet the needs of residents and visitors to Vail, to harmonize with surrounding uses, and, in the case of buildings and other structures, to ensure adequate light, air, open spaces, and other amenities appropriate to the permitted types of uses.” Staff finds that the proposed zone district amendment conforms to this criterion. 124 Town of Vail Page 5 7. The extent to which the zone district amendment demonstrates how conditions have changed since the zoning designation of the subject property was adopted and is no longer appropriate. The property was zoned to its current designation in 1995 following adoption of the1994 Open Lands Plan. At that time, site was largely vacant with the except of the elementary school and Mountain Bell Tower. In the intervening years, development including Middle Creek Housing, Residences at Main Vail and the redevelopment of Solar Vail on the adjacent property to the west have altered the character of the area. These physical changes coupled with the elements of the Vail Comprehensive Plan adopted since 1995 demonstrate how conditions have changed. Staff finds that the proposed zone district amendment conforms to this criterion. 8. Such other factors and criteria as the commission and/or council deem applicable to the proposed rezoning. V. RECOMMENDED MOTION Should the Town Council choose to approve Ordinance No. 25, Series of 2022, upon first reading, the Planning and Environmental Commission recommends the Council pass the following motion: “I move to approve, on first reading, Ordinance No. 25, Series of 2022 an ordinance rezoning lot 5, of the middle creek subdivision, a resubdivision of tract A from natural area preservation (NAP) to the housing (H); lot 4 of the middle creek subdivision, a resubdivision of tract A, from natural area preservation (NAP) to the general use (GU) district, and the remainder of tract A middle creek subdivision, a resubdivision of tract A, from general use (GU) to the natural area preservation (NAP), and setting forth details in regard thereto” Should the Town Council choose to approve Ordinance No. 25, Series of 2022, the Planning and Environmental Commission recommends the Council makes the following findings: “Based upon the review of the criteria outline in Section Vl of the Staff memorandum to the Planning and Environmental Commission dated December 12th, 2022, and the evidence and testimony presented, the Town Council finds: 1. That the amendment is consistent with the adopted goals, objectives and policies outlined in the Vail comprehensive plan and compatible with the development objectives of the town; and 2. That the amendment does further the general and specific purposes of the zoning regulations; and 125 Town of Vail Page 6 3. That the amendment does 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 highest quality.” Vl. ATT ACHMENTS A. Ordinance No. 25, Series of 2022 B. Proposed Zone District Boundary Amendment Map 12-13-22 C. Applicant Narrative, 12-01-2022 D. PEC Minutes from Meeting on 12-12-2022 E. Staff Memorandum, PEC22-0019 126 - 1 - 12/15/2022 HTTPS://VAILCOGOV-MY.SHAREPOINT.COM/PERSONAL/GROY_VAILGOV_COM/DOCUMENTS/GREG/PEC CASES/WMC/TC/WMC REZONE- O121522.DOCX ORDINANCE NO. 25 SERIES OF 2022 AN ORDINANCE REZONING LOT 5 OF THE MIDDLE CREEK SUBDIVISION, A RESUBDIVISION OF TRACT A, FROM NATURAL AREA PRESERVATION (NAP) TO HOUSING (H); LOT 4 OF THE MIDDLE CREEK SUBDIVISION, A RESUBDIVISION OF TRACT A, FROM NATURAL AREA PRESERVATION (NAP) TO GENERAL USE (GU), AND THE REMAINDER OF TRACT A, MIDDLE CREEK SUBDIVISION, A RESUBDIVISION OF TRACT A, FROM GENERAL USE (GU) TO NATURAL AREA PRESERVATION (NAP) WHEREAS, Town of Vail (the "Applicant") owns the real property more particularly described and depicted in Exhibit A, attached hereto and incorporated herein by this reference (the "Property"); WHEREAS, on June 10, 2022, the Applicant filed an application to rezone the Property as follows: Lot 5 from Natural Area Preservation (NAP) to Housing (H); Lot 4 from Natural Area Preservation (NAP) to General Use (GU), and the remainder of Tract A from General Use (GU) to Natural Area Preservation (NAP) (the "Application"); WHEREAS, Section 12-3-7 of the Vail Town Code sets forth the procedures for rezoning; WHEREAS, on December 12, 2022, the Planning and Environmental Commission (the “PEC”) held a properly-noticed public hearing on the Application, and recommended that the Town Council approve Application; and WHEREAS, on December 20, 2022, the Town Council held a properly-noticed public hearing on the Application. NOW, THEREFORE BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO THAT: Section 1. The Town Council, upon reviewing the recommendation of the Planning Commission, hearing the statements of Town staff, the Applicant and the public, and giving due consideration to the matter, finds and determines as follows: a. The rezoning is consistent with the applicable elements of the adopted goals, objectives and policies outlined in the Vail Comprehensive Plan and is compatible with the development objectives of the Town; b. The rezoning is compatible with and suitable to adjacent uses and appropriate for the surrounding areas; and c. The rezoning promotes the health, safety, morals, and general welfare of the Town and promote the coordinated and harmonious development of the Town in a 127 - 2 - 12/15/2022 HTTPS://VAILCOGOV-MY.SHAREPOINT.COM/PERSONAL/GROY_VAILGOV_COM/DOCUMENTS/GREG/PEC CASES/WMC/TC/WMC REZONE- O121522.DOCX manner that conserves and enhances its natural environment and its established character as a resort and residential community of the highest quality. Section 2. Based on the foregoing findings, the Town Council hereby approves the Application and rezones the Property as follows: Lot 5 from Natural Area Preservation (NAP) to Housing (H); Lot 4 from Natural Area Preservation (NAP) to General Use (GU); and the remainder of Tract A from General Use (GU) to Natural Area Preservation (NAP). Section 3. If any part, section, subsection, sentence, clause or phrase of this ordinance is for any reason held to be invalid, such decision shall not effect the validity of the remaining portions of this ordinance; and the Council hereby declares it would have passed this ordinance, and each part, section, subsection, sentence, clause or phrase thereof, regardless of the fact that any one or more parts, sections, subsections, sentences, clauses or phrases be declared invalid. Section 4. The Town Council hereby finds, determines and declares that this ordinance is necessary and proper for the health, safety and welfare of the Town and the inhabitants thereof. Section 5. The amendment of any provision of the Town Code as provided in this ordinance shall not affect any right which has accrued, any duty imposed, any violation that occurred prior to the effective date hereof, any prosecution commenced, nor any other action or proceeding as commenced under or by virtue of the provision amended. The amendment of any provision hereby shall not revive any provision or any ordinance previously repealed or superseded unless expressly stated herein. Section 6. All bylaws, orders, resolutions and ordinances, or parts thereof, inconsistent herewith are repealed to the extent only of such inconsistency. This repealer shall not be construed to revise any bylaw, order, resolution or ordinance, or part thereof, theretofore repealed. INTRODUCED, READ ON FIRST READING, APPROVED, AND ORDERED PUBLISHED ONCE IN FULL ON FIRST READING this 20th day of December, 2022 and a public hearing for second reading of this Ordinance set for the 3rd day of January, 2023, in the Council Chambers of the Vail Municipal Building, Vail, Colorado. _____________________________ Kim Langmaid, Mayor ATTEST: ____________________________ Stephanie Bibbens, Town Clerk 128 - 3 - 12/15/2022 HTTPS://VAILCOGOV-MY.SHAREPOINT.COM/PERSONAL/GROY_VAILGOV_COM/DOCUMENTS/GREG/PEC CASES/WMC/TC/WMC REZONE- O121522.DOCX READ AND APPROVED ON SECOND READING AND ORDERED PUBLISHED this 3rd day of January, 2023. _____________________________ Kim Langmaid, Mayor ATTEST: ____________________________ Stephanie Bibbens, Town Clerk 129 - 4 - 12/15/2022 HTTPS://VAILCOGOV-MY.SHAREPOINT.COM/PERSONAL/GROY_VAILGOV_COM/DOCUMENTS/GREG/PEC CASES/WMC/TC/WMC REZONE- O121522.DOCX EXHIBIT A Middle Creek Subdivision, A Resubdivision of Tract A 130 N FRONTAGE RD W I 70 WestboundI 70 Eastbound S FRONTAGE RD W I Subject Property 0 100 200 30050Feet Z o n e D i s t r i c t A m e n d m e n t P r o p o s a lZone D i s t r i c t A m e n d m e n t P r o p o s a lMiddle C r e e k S u b d i v i s i o n - T r a c t AMiddle C r e e k S u b d i v i s i o n - T r a c t A 1 9 9 N o r t h F r o n t a g e R o a d W e s t199 N o r t h F r o n t a g e R o a d W e s t Proposed parcels carvedfrom Tract A (Lot 5) (Lot 4) N FRONTAGE RD W I 70 WestboundI 70 Eastbound S FRONTAGE RD W This map was crea te d b y th e Town of Va il GIS Tea m. Use of this map should be for g ene ral purposes on ly. Th e To wn of Va il does n ot wa rrant th e a ccu ra cy of the informatio n containe d herein.(whe re shown, parcel lin e w ork is ap pro ximate) Last Modified: December 13, 2022 Proposed Existing Housing (H )Natural Area Preservation (NAP)General Use (GU) 131 WEST MIDDLE CREEK Applications for a Requested Land Use Plan Amendment, Minor Subdivision & Rezoning December 1, 2022 Applicant: Town of Vail Represented by: Matt Gennett 132 1 I. PURPOSE The purpose of this document is to forward the request for approval of three development applications intended to facilitate a future opportunity to develop 100% resident-occupied, deed-restricted homes for Vail residents on the West Middle Creek Parcel. The three development applications include: • A request for a Vail Land Use Plan Amendment amending a portion of Tract A, Middle Creek Subdivision from Open Space Designation to High Density Residential Designation. • A request for a minor subdivision establishing an amended final plat for Tract A, Middle Creek, Subdivision, to create Lots 4 and 5, Middle Creek Subdivision. • A request to rezone the new Lot 4, Middle Creek Subdivision, from the Natural Area Preservation (NAP) zone district to the General Use (GU) zone district; and, Lot 5, Middle Creek Subdivision, from the Natural Area Preservation (NAP) zone district to the Housing (H) zone district. II. BACKGROUND The Vail Housing 2027 Strategic Plan was adopted on behalf of the Vail community by the Vail Town Council in 2017. Adopted as a strategic plan, the plan emphasizes taking strategic actions to maintain and sustain the community through the creation and support of resident housing in Vail. In adopting the Plan, a housing goal of acquiring 1,000 additional resident housing unit deed restrictions by the year 2027 was established. The Plan acknowledged that previously adopted housing policies, programs and practices have not yielded the desired results. To realize desired results community leaders needed to change their approach to housing policies, programs, and practices. More importantly, community leaders needed to take proactive strategic actions without further delay to increase the supply of resident housing in Vail. The three development applications referenced above are a proactive strategic action by the Town of Vail in furtherance of achieving the Town’s housing goal. On December 15, 2020, the Vail Town Council directed staff to proceed with applications necessary to facilitate a future opportunity to develop 100% resident-occupied, deed- restricted homes for Vail residents on the West Middle Creek Parcel. The Vail Town Council instructed the town staff to take the actions necessary to achieve the housing goals stated in the 2018-2020 Council Action Plan and Vail Housing 2027 Strategic Plan. Lots 4 and 5, Middle Creek Subdivision, will be smaller platted portions of the larger Tract A, Middle Creek Subdivision. Tract A is owned by the Town of Vail. As the owner of Tract A, the Vail Town Council, acting on behalf of the owner, is authorized to submit these three applications for West Middle Creek Parcel. 133 2 Tract A was purchased by the Town of Vail on July 1, 1993. Tract A was purchased with the use of Real Estate Transfer Tax (RETT) funds. Upon purchase, and consistent with the recommendations of the 1994 Comprehensive Open Lands Plan, Tract A was rezoned from Agricultural and Open Space (AOS) to Natural Area Preservation (NAP), via Ordinance No. 19, Series of 1995. While a separate matter outside the purview and review criteria of the Town of Vail Planning & Environmental Commission, a legal opinion has been provided acknowledging, that if the three development applications are approved as submitted, the Town of Vail shall be required to reimburse the RETT fund for the value of the West Middle Creek Parcel. Established Housing Mitigation funds are the most likely source of funding to accomplish the required reimbursement. On September 26, 2022, the PEC reviewed the subject applications and unanimously voted to table them after giving direction to provide further information, including: an Environmental Impact Report (EIR), steep slope analysis, and hazard maps. The requested information is attached to the staff report. III. SUMMARY OF THE APPLICATIONS The following section of this document provides a written summary of the three development applications. The development applications are summarized and listed in the order of intended review. Title 12 of the Vail Town Code (VTC) requires the Town of Vail Planning & Environmental Commission to review and act on each of the applications even as the Land Use Plan Amendment and the Rezoning requests require additional review and final action by the Vail Town Council. I. Vail Land Use Plan Amendment Request: The application package includes a proposal to amend the Future Land Use Map for a portion of Tract A, Middle Creek Subdivision, to change the land use designation of the proposed new Lot 4 from Open Space to Public/Semi-Public, and the designation of the new Lot 5 from Open Space to High Density Residential. The portion of Tract A to be amended is that area comprised of the proposed Lots 4 and 5 (see minor subdivision request below). According to the Vail Land Use Plan, the proposed land use designation of High Density Residential for Lot 5 is intended for multi-floor residences with a density greater than 15 dwelling units per acre; and the proposed land use designation of Public/Semi-Public includes schools. According to the adopted Future Land Use Plan, the Middle Creek Village Apartment development site to the east of the proposed Lots 4 and 5 is designated High Density Residential, while the Solar Vail Apartment development site to the west has a designation of Medium Density Residential. The land use plan amendment request provides consistency and compatibility with adopted future land use designations and is consistent with the municipal development objectives of the Town of Vail. The portion of Tract A to be amended from Open Space to Public/Semi-Public is limited to the 1.672 acres of proposed Lot 4 and the 2.296 acres of the proposed Lot 5 from Open Space to High Density Residential. The land use designation of the remainder of Tract A is not proposed to be amended at this time. Based upon a West Middle Creek Site 134 3 Feasibility Study funded by the Vail Town Council and completed by the Town of Vail Community Development Department in 2017, it was determined that the area of the proposed Lot 5 of Tract A is the most developable portion of Tract A based on site suitability, vehicular accessibility, topography, natural vegetation, site orientation, steep slopes, and adjacency to existing CDOT right of way. Lastly, the Vail Land Use Plan Amendment request is in direct response to a growing need to increase the supply of resident-occupied, deed-restricted homes in Vail as well as the scarcity of vacant, town-owned land suitable for residential development. The requested amendments further the Town’s housing goals, as stated in Council’s 2018- 2020 Action Plan and the Vail Housing 2027 Strategic Plan. II. Minor Subdivision Request: This Minor Subdivision application request proposes to subdivide Tract A, Middle Creek Subdivision (17.2 acres) into three parcels: Tract A (13.257 acres), Lot 4 (1.672 acres) and Lot 5 (2.296 acres). The sole purpose of this application is to subdivide portions of Tract A to create a development lot to accommodate a future housing development and a lot to enable access and provide a site for future early childhood learning. The minor subdivision to create Lots 4 and Lot 5 have concurrently proposed zone district boundary amendments to zone these two new lots to the General Use (GU) and Housing (H) zone districts, respectively. Neither the General Use (GU) or Housing (H) zone districts prescribe a minimum lot size requirement. For comparison, below are the approximate lot sizes of other parcels in the Housing (H) District: • Solar Vail – 43,600 SF • Middle Creek – 200,520 SF • Middle Creek Lot 3 – 90,150 SF • Chamonix at Vail – 139,260 SF • Booth Heights – 235,090 SF Criteria for Review of a Minor Subdivision Application: 1. The extent to which the proposed subdivision is consistent with all the applicable elements of the adopted goals, objectives and policies outlined in the Vail comprehensive plan and is compatible with the development objectives of the town; As part of the General Growth/Development goals of The Vail Land Use Plan, the Town is encouraged to grow in such a way as to maintain “a balance between residential, commercial, and recreational uses”. The Minor Subdivision of the proposed Lot 4 and 5 parcels helps to improve upon this balance. Presently, there are more than 7,200 dwelling units in the Town of Vail. Of the 7,200 dwelling units, approximately 950, or roughly 13%, of the dwelling units are deed-restricted for resident occupancy. The Vail Town Council 135 4 has adopted a goal of increasing the number of dwelling units in the Town of Vail dedicated to resident occupancy to 1,700. While the Vail Land Use Plan discourages the development of Town-owned lands where high geological hazards may exist, this plan also states that “additional employee housing needs should be accommodated at varied sites throughout the community”, which is what this subdivision and new development lot aims to accomplish. Chapter 21, Hazard Regulations, prescribes standards by which potential geologic hazards must be mitigated. 2. The extent to which the proposed subdivision complies with all of the standards of this title, as well as, but not limited to, title 12, "Zoning Regulations", of this code, and other pertinent regulations that the planning and environmental commission deems applicable; The lot size and site dimensions for a property located within the Housing (H) District are proposed by the applicant and set by the Planning & Environmental Commission. The proposed lot sizes of Lots 4 and 5 are compatible with the size and dimensions of similar lots presently located within the Housing (H) and General Use zone districts. Lots 4 and 5 are adequately sized for deed-restricted residential development, access, and early childhood learning. While Lots 4 and 5 are potentially impacted by geologic hazards and steep slopes as set forth in Chapter 21, the lots are developable with required mitigation. Lots 4 and 5 comply with the standards of Title 12 of the Vail Town Code. 3. The extent to which the proposed subdivision presents a harmonious, convenient, workable relationship among land uses consistent with municipal development objectives; Given the proximity to Middle Creek Village Apartments and the Solar Vail Apartments, to the west, and I-70 along the southern property line, Lots 4 and 5 provide a harmonious, convenient, and workable relationship among adjacent land uses and are consistent with municipal development objectives. A longstanding development objective of the Town is to provide for the development of residential properties intended for occupancy by year- round Vail residents. This has been a community objective of the Town as far back as the adoption of The Vail Plan in 1972. The proposed subdivision is consistent with municipal objectives for the establishment of additional resident-occupied housing in the Town of Vail. 4. The extent of the effects on the future development of the surrounding area; The creation of Lots 4 and 5 will not have any negative effects on the future development of the surrounding area. The area of Lots 4 and 5 is unique to the surrounding areas to the north and west, as these new lots will contain the flattest portion of Tract A and avoid any negative impacts to the riparian corridor and floodplain of Middle Creek. Other areas of Tract A are not as feasible for development and access. 136 5 5. The extent to which the proposed subdivision is located and designed to avoid creating spatial patterns that cause inefficiencies in the delivery of public services, or require duplication or premature extension of public facilities, or result in a "leapfrog" pattern of development; Lots 4 and 5 are adjacent to Lot 1 and Lot 2, Middle Creek Subdivision. Municipal services and necessary utilities are immediately adjacent to the site. The creation of Lot 4 will result in a continuation of residential development along the North Frontage Road and provide a future site for early childhood learning while not creating a “leapfrog” pattern of development. 6. The extent to which the utility lines are sized to serve the planned ultimate population of the service area to avoid future land disruption to upgrade undersized lines; Lots 4 and 5 are located within the identified service areas of Eagle River Water & Sanitation District, Holy Cross Energy, and Excel Energy (water, sewer, electric, gas). These new lots are centrally located within the municipal boundaries of the Town of Vail, and therefore not outside the boundaries of any urban growth boundaries of the Town or the utility services providers. Existing utility infrastructure and utility easements are constructed and platted immediately adjacent to Lots 4 and 5. Subject to existing franchise agreements, the availability of utility services within the Town of Vail is present. A determination of utility sizing and level of service required will be made by the utility providers at the time of the development application submittal. The size and level of services required are based on the scope of development proposed. Development on Lots 4 and 5 is not imminent and therefore an application for a development plan has not been submitted. 7. The extent to which the proposed subdivision provides for the growth of an orderly viable community and serves the best interests of the community as a whole; and The proposed subdivision provides for the growth of an orderly viable community since it is centrally located in Town, within walking distance of the major employers, and provides future residents with convenient access to public transit. There is no doubt this subdivision request serves the best interests of the community. Based upon numerous community surveys and local employer input, there is an increased need for additional resident- occupied, deed-restricted homes for Vail residents. 8. The extent to which the proposed subdivision results in adverse or beneficial impacts on the natural environment, including, but not limited to, water quality, air quality, noise, vegetation, riparian corridors, hillsides and other desirable natural features; 137 6 The proposed minor subdivision is limited to the current total acreage of the existing area of Tract A (17.2 acres). There would be no adverse impacts to water quality, air quality, noise, vegetation, riparian corridors, hillsides, or other desirable natural features with the approval of this subdivision request. III. Rezoning Request: The Town of Vail requests the PEC forward a recommendation of approval to the Vail Town Council to rezone Lot 4, Middle Creek Subdivision from Natural Area Preservation (NAP) to the Housing (H) zone district, Lot 5, Middle Creek Subdivision to the General Use (GU) zone district, and the remaining portions of Tract A, Middle Creek Subdivision currently zoned General Use (GU) to the Natural Area Preservation (NAP) zone district. Prior to 1995, Tract A was zoned Agricultural and Open Space (AOS) District before it was rezoned to Natural Area Preservation (NAP) District as a recommended action consistent with the 1994 Comprehensive Open Lands Plan. Since the adoption of the Comprehensive Open Lands Plan, the Vail Town Council has adopted the 2018 Update to the Comprehensive Open Lands Plan and the Vail Housing 2027 Strategic Plan. According to the 1994 Comprehensive Open Lands Plan, Tract A was identified for a potential rezoning to the Natural Area Preservation (NAP) District due to the environmental qualities of the Tract. This application proposes to amend the zone district designations of Tract A, Middle Creek Subdivision. Tract A is approximately 17.2 acres in size and currently has 12.73 acres zoned Natural Area Preservation (NAP) and 4.47 acres zoned General Use (GU). The zone district boundaries in the area of Tract A do not follow the property lines and the area zoned Natural Area Preservation (NAP) is bisected by the area zoned General Use (GU) zone district. As requested, this application would rezone the 4.47 acres of General Use (GU) to the Natural Area Preservation (NAP) zone district, rezone 1.672 acres of Lot 4 from the Natural Area Preservation (NAP) zone district to the General Use (GU) zone district and rezone the 2.296 acres of Lot 5 from Natural Area Preservation (NAP) to Housing. The proposed rezoning request will result in a net increase of .502 acres of land in Tract A zoned Natural Area Preservation (NAP). The area of Tract A currently zoned General Use (GU) is primarily comprised of slopes greater than 40%, with geologic hazards including medium severity rockfall and high severity debris flow. According to the Vail Town Code, the General Use (GU) District permits recreational uses such as bicycle and pedestrian paths, and passive outdoor recreation, but also allows for conditional uses such as parking structures, public buildings, and healthcare facilities. Title 12, Zoning Regulations of the Vail Town Code prescribes the criteria and findings to be evaluated by the Town of Vail Planning & Environmental Commission when forwarding a recommendation for a zone district boundary amendment to the Vail Town Council. The following section of the document highlights the criteria for review and includes a response to the criteria by the applicant. 138 7 Criteria and Findings for Review: Before acting on an application for a zone district boundary amendment, the Planning and Environmental Commission and Town Council shall consider the following factors with respect to the requested zone district boundary amendment: (1) The extent to which the zone district amendment is consistent with all the applicable elements of the adopted goals, objectives and policies outlined in the Vail comprehensive plan and is compatible with the development objectives of the town; This criterion for the zone district amendment is met, provided the Planning & Environmental Commission recommends approval of the Vail Land Use Plan amendment, thereby amending the land use designation of Lot 4 from Open Space to Public/Semi-Public and Lot 5 from Open Space to High Density Residential. As part of the General Growth/Development goals of Vail Land Use Plan, the Town is encouraged to grow in such a manner to maintain “a balance between residential, commercial, and recreational uses”. The rezoning of Lot 4 from Natural Area Preservation (NAP) to General Use (GU), the rezoning of Lot 5 from Natural Area Preservation (NAP) to Housing (H), and the remainder of Tract A currently zoned General Use (GU) to Natural Area Preservation (NAP) improves upon the balance between these uses. Presently, there are more than 7,200 dwelling units in the Town of Vail. Of the 7,200 dwelling units, approximately 950, or roughly 13%, of the dwelling units are deed-restricted for resident occupancy. The Vail Town Council has adopted a goal of increasing the number of dwelling units in the Town of Vail dedicated to resident occupancy to a total of 1,700 total by the year 2027. While the Land Use Plan discourages the development of Town-owned lands where high geological hazards may exist, the Plan states that “additional employee housing needs should be accommodated at varied sites throughout the community”. This zone district boundary amendment achieves this objective. Further, Chapter 21, Hazard Regulations, prescribes development standards by which potential geologic hazards must be mitigated in order to support residential development.  (2) The extent to which the zone district amendment is suitable with the existing and potential land uses on the site and existing and potential surrounding land uses as set out in the town's adopted planning documents; The requested zone district amendment is consistent with existing and potential land uses in the vicinity of the site. The easterly property line of Lot 5 is adjacent to the Middle Creek Village Apartments development, which also has a land use designation of High Density Residential and is zoned Housing (H) District, and the southerly property line is adjacent to the I-70/North Frontage Road Right-of-Way. The property line of the Tract A parent parcel is bordered on the west by the Solar Vail Apartments development which has a land use designation of Medium Density Residential and is zoned Housing (H) District. These existing and potential surrounding land uses are both compatible and suitable to the proposed intended future use of Proposed Lot 4, Middle Creek Subdivision. 139 8 The rezoning of the existing General Use (GU) portion of Tract A to Natural Area Preservation (NAP) already has an underlying land use designation of Open Space, and therefore, is well suited and compatible with this rezoning request. In addition, the ownership and use of the property immediately to the north of the Tract A parcel is U.S. Forest Service land which makes an appropriate neighboring use for the Natural Area Preservation (NAP) zone district. (3) The extent to which the zone district amendment presents a harmonious, convenient, workable relationship among land uses consistent with municipal development objectives; Lots 4 and 5 present a harmonious, convenient, workable relationship among land uses consistent with municipal development objectives. Given the location of Lot 5 in relation to Middle Creek Village Apartments immediately to the east, Solar Vail Apartments to the west, and I-70/North Frontage Road right of way along the southern property line, the rezoning of Proposed Lot 4 to the Housing (H) District presents a harmonious, convenient, and workable relationship among adjacent land uses and is consistent with municipal development objectives. A longstanding development objective of the Town is to provide for the development of residential properties intended for occupancy by year-round Vail residents. This has been a development objective as far back as the adoption of The Vail Plan in 1972. The rezoning of a portion of Tract A from General Use (GU) to Natural Area Preservation (NAP) also presents a harmonious, convenient, and workable relationship among land uses as the area is bordered to the north by U.S. Forest Service property and to the east by Spraddle Creek open space. The proposed zone district boundary amendment is consistent with municipal objectives for the establishment of additional resident-occupied housing in the Town of Vail.  (4) The extent to which the zone district amendment provides for the growth of an orderly viable community and does not constitute spot zoning as the amendment serves the best interests of the community as a whole; The proposed zone district amendment provides for the growth of an orderly, viable community since Proposed Lot 4 is centrally located in Town, within walking distance of major employers, and provides future residents with convenient access to public transit. There is little doubt this rezoning request serves the best interests of the community as a whole. Based upon numerous community surveys and local employer input, it is without question that there is an increasing need for additional resident-occupied, deed-restricted homes for Vail residents. Approval of this request for a zone district amendment will not constitute spot zoning as it will result in a larger, contiguous area zoned Housing (H) District by adjacency to the existing Middle Creek Village Apartments and the Solar Vail Apartments and is supported explicitly by the Vail Land Use Plan. The rezoning of the General Use (GU) District portion of Tract A, Middle Creek to Natural Area Preservation (NAP) District expands areas of town-owned land within the Natural Area Preservation (NAP) District, and as such, does not constitute spot zoning.  (5) The extent to which the zone district amendment results in adverse or beneficial impacts on the natural environment, including, but not limited to, water quality, air quality, noise, vegetation, riparian corridors, hillsides and other desirable natural features; 140 9 The proposed zone district boundary amendment from Natural Area Preservation (NAP) to General Use (GU) on Lot 4 is limited to 1.672 acres, and the area rezoned from Natural Area Preservation (NAP) to Housing (H) is limited to the 2.296 acres of Lot 5. The remaining 13.257 acres of Tract A is to be zoned to the Natural Area Preservation (NAP) District with eligibility to become designated open space. To achieve a total of 13.257 acres of Tract A zoned Natural Area Preservation (NAP) District, the current portion zoned General Use (GU) District will be rezoned to the Natural Area Preservation (NAP) District as requested by this application. There would be no adverse impacts to water quality, air quality, noise, vegetation, riparian corridors, hillsides, or other desirable natural features with the approval of this zone district boundary request. Proposed Lot 5 is an infill residential development opportunity to increase the supply of resident-occupied, deed-restricted homes on town-owned land in Vail. Amending the zone district to the Housing (H) District will not result in adverse impacts on the natural environment any more so than any other development of an otherwise vacant parcel in Vail. The most environmentally sensitive portion of Tract A is the riparian corridor along the Middle Creek drainage. As proposed, the riparian corridor remains in the Natural Area Preservation (NAP) District. Due to the extreme southern exposure of Tract A, the existing vegetation in the area of Lots 4 and 5 is primarily a mix of sage, dryland grasses, and mountain mahogany with a scattering of struggling lodgepole pine planted on the hillside in 1994 by the Town of Vail. More than 13.257 acres of Tract A will remain covered with the existing vegetation and undisturbed. Any future development on the hillside area of Lots 4 and 5 shall be subject to the development standards adopted by the Town of Vail.  (6) The extent to which the zone district amendment is consistent with the purpose statement of the proposed zone district; The purpose of the General Use (GU) zone district is stated in Section 12-6I-1 of the Vail Town Code as: “The General Use District is intended to provide sites for public and quasi-public uses which, because of their special characteristics, cannot be appropriately regulated by the development standards prescribed for other zoning districts, and for which development standards especially prescribed for each particular development proposal or project are necessary to achieve the purposes prescribed in § 12-1-2 of this title and to provide for the public welfare. The General Use District is intended to ensure that public buildings and grounds and certain types of quasi-public uses permitted in the district are appropriately located and designed to meet the needs of residents and visitors to Vail, to harmonize with surrounding uses, and, in the case of buildings and other structures, to ensure adequate light, air, open spaces, and other amenities appropriate to the permitted types of uses.” The proposed zone district boundary amendment for Lot 4 is consistent with the purpose of the General Use (GU) zone district and advances the development objectives and specific purposes of the adopted Zoning Regulations of the Town of Vail, as stated in Section 12-1-2 of the Vail Town Code. 141 10 The purpose of the Housing (H) zone district is stated in Section 12-6I-1 of the Vail Town Code as: “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 permitted in the zone district is appropriately located and designed to meet the needs of residents of Vail, to harmonize with surrounding uses, and to ensure adequate light, air, open spaces, and other amenities appropriate to the allowed types of uses.” The proposed zone district boundary amendment for Lot 5 is consistent with the purpose of the Housing (H) District and advances the development objectives and specific purposes of the adopted Zoning Regulations of the Town of Vail, as stated in Section 12- 1-2 of the Vail Town Code. The purpose of the Natural Area Preservation zone district is stated in Section 12-8C-1 of the Vail Town Code as: “The natural area preservation district is designed to provide areas which, because of their environmentally sensitive nature or natural beauty, shall be protected from encroachment by any building or other improvement, other than those listed in section 12-8C-2 of this article. The natural area preservation district is intended to ensure that designated lands remain in their natural state, including reclaimed areas, by protecting such areas from development and preserving open space. The natural area preservation district includes lands having valuable wildlife habitat, exceptional aesthetic or flood control value, wetlands, riparian areas and areas with significant environmental constraints. Protecting sensitive natural areas is important for maintaining water quality and aquatic habitat, preserving wildlife habitat, flood control, protecting view corridors, minimizing the risk from hazard areas, and protecting the natural character of Vail which is so vital to the town's tourist economy. The intent shall not preclude improvement of the natural environment by the removal of noxious weeds, deadfall where necessary to protect public safety or similar compatible improvements.” The proposed zone district boundary amendment for the portion of Tract A currently zoned General Use (GU) to the Natural Area Preservation (NAP) is consistent with this purpose due to the preponderance of slopes greater than 40%. This proposed Natural Area Preservation (NAP) zoning is buffered from the existing Mountain Bell Tower site and the Middle Creek Village Apartments by existing setbacks. 142 11  (7) The extent to which the zone district amendment demonstrates how conditions have changed since the zoning designation of the subject property was adopted and is no longer appropriate; Conditions have changed significantly in the 25 years since Tract A was rezoned from the Agricultural and Open Space (AOS) District to the Natural Area Preservation (NAP) District. For nearly five decades, the lack of availability of housing has been an ongoing concern of the Vail community. What began as a need to ensure safe and adequate housing for a seasonal workforce, has grown into a region-wide deficit of more than 5,000 homes within the Valley. The lack of availability of housing remains one of the foremost critical issues facing the Vail community as cited by respondents to community surveys. As the Town of Vail has become more populated the demand for housing in the Town of Vail has grown at a corresponding rate. The rate of development of free-market dwelling units over the past four decades has far outpaced the rate of development of resident- occupied, deed-restricted homes, causing a significant deficit within the Vail community. The Vail Town Council has made housing a top priority in the 2018-2020 Action Plan and the Vail Housing 2027 Strategic Plan. While the Vail Indeed program has proved successful since its adoption, there is a recognized need to build new resident-occupied, deed-restricted homes in the Town of Vail. The rezoning of Lot 4 provides a future location for much needed early childhood learning and the rezoning of Lot 5 creates a future land resource opportunity for the Town to pursue “catch-up” housing opportunities on the site. In the case of the portion of Tract A proposed to be rezoned to Natural Area Preservation (NAP) District from the General Use (GU) District, the rezoning for this portion was approved prior to the minor subdivision requesting the creation of the West Middle Creek Parcel. At the time of the subdivision, both portions of Tract A were placed in the same development lot. This rezoning reflects the decision to keep these portions of Tract A as a single lot by unifying its zoning designation.  (8) Such other factors and criteria as the commission and/or council deem applicable to the proposed rezoning. The scarcity of available land resources to meet the growing needs of early childhood learning and resident-occupied, deed restricted housing has been an ongoing concern for the Vail community. Simply stated, there is little to no land area remaining for these much-needed community uses. New opportunities need to be created where practical, appropriate and feasible. The newly created and rezoned Lots 4 and 5 are a practical and appropriate location to create new opportunities for early childhood learning and housing as demonstrated by the West Middle Creek Site Feasibility Study. Tract A is town-owned and centrally located between the two commercial job core areas of Vail. Developing new early childhood learning and housing opportunities for Vail’s workforce conveniently located near places of employment and businesses is responsible community development and land use planning. These two new lots meet a community need and do so in an infill development location. It does not require sprawl or growth outside of the established urban growth boundaries of the Town of Vail. Amending the zoning for the new Lots 4 and 5 is good land use planning. By design, the only allowed type of development in the Housing (H) District is resident-occupied, deed- 143 12 restricted housing. If additional early childhood learning and housing are what the community needs, and the location of new Lots 4 and 5 is practical and appropriate for, then good land use planning dictates that applying the General Use (GU) and Housing (H) zone districts to Tract A is a logical decision. The Town missed numerous opportunities to address the early childhood learning and housing needs during the past five decades. In many instances, the growth of free-market dwelling units was prioritized and outpaced the development of early childhood learning and local resident housing. The crucial need for these vital community uses exists and more easily developed sites are already developed with other uses. IV. Summary: The obligation to demonstrate compliance with the prescribed development application review criteria lies with the applicant. The Town of Vail Planning & Environmental Commission’s role is to determine whether, based upon the review criteria and factors for consideration, the applicant has met their compliance obligation. The Town of Vail has provided a written response to the review criteria for the Vail Land Use Plan amendment, the minor subdivision application, and the rezoning request for the Commission’s consideration. In doing so, the relevant information has been provided which supports a recommendation of approval of each of the development applications from the Planning & Environmental Commission to the Vail Town Council. The applicant has shown that each of the applications complies with the applicable criteria and serves to advance the Town’s municipal objectives and development goals. As proposed, the applications will result in future development which is not only compatible with surrounding uses and existing development, but does so in a location that has been considered feasible for residential development. Most importantly, it has been demonstrated that there remains a critical need for land within the Town of Vail to be rezoned and repurposed for early childhood learning and local resident housing. Identifying community needs and creating future opportunities to fulfill those needs demonstrates responsible land use planning. Exhibits: 1. Land Use Plan Amendment Map 2. Minor Subdivision Plat 3. Rezoning Map (EIR, Steep Slopes and Geohazard maps attached to staff report) 144 Present:Bobby Lipnick Karen Perez Henry Pratt Bill Jensen Reid Phillips Brian Judge Absent:John Rediker 1.Virtual Link Register to attend the Planning and Environmental Commission meeting. Once registered, you will receive a confirmation email containing information about joining this webinar. 2.Call to Order 3.Worksession 4.Main Agenda Planner: Greg Roy Applicant Name: Town of Vail, represented by SE Group 4.1 PEC22-0016 - A request for a recommendation to the Vail Town Council for a Prescribed Regulation Amendment amendment, pursuant to Section 12-3-7, Amendment, Vail Town Code, to amend portions of Title 12, Zoning Regulations and Title 14, Development Standards, Vail Town Code to create the West Vail Multiple Family 1 (WVMF1) and West Vail Multiple Family 2 (WVMF 2) Zone Districts and setting forth details in regard thereto. Items 4.1 and 4.2 are heard concurrently. Planner Roy gives a presentation to introduce the history of the Master Plan. Ellie Wachtel with SE Group follows up with specific info and goals regarding the Master Plan process. The PEC meetings started back in June, this is 6th meeting at the last meeting there was a 3-3 vote with no recommendation. Staff revised language regarding density and interior conversions. Roy notes a proposed condition that legal should look at Sections 12-6L and 12-6K before going to council. Phillips says clarification is needed on legal language. Perez says that gives her caution, there has been a month and a half to figure out the language and the Planning and Environmental Commission Minutes Monday, December 12, 2022 1:00 PM Vail Town Council Chambers Staff Memorandum PEC22-0016 12-12-22.pdf Attachment A. 14-8-1 Site Development Standards Table Amendments.pdf Attachment B. Public Comment - Aasland - 8-11-22.pdf Attachment C. Public Comment - Gadberry 8-1-22.pdf Attachment D. Public Comment - Bergey 11-22-22.pdf Attachment E. Public Comment - Bernstein 12-8-22.pdf Attachment F. Public Comment - Bergey 12-8-22.pdf Attachment G. Public Comment - Gadberry 11-28-22.pdf 1 Planning and Environmental Commission Meeting Minutes of December 12, 2022 145 commission needs the language to make decision. Every word counts. Jensen seconds that thought. Judge asks why are we not approving the map? He personally missed the conversation and has questions relating to the zoning map. He asks how the lines were decided and why certain properties were excluded. The letters of concern from public are concerning to him. He would like to understand the philosophy of why some were excluded or included. Roy says characteristics lend themselves to the product of the development and was a process. Judge sites a case shared driveways and is concerned about larger development along access into the site. Wachtel says it was looked at parcel by parcel. The map started with more properties included. There was a focus on properties that already had multi-family. Judge says he is concerned about spot zoning without consistent metrics applied. Pratt says last meeting we talked about the cases where there was a single family or duplex that did not want to be involved in deed restriction. He does not see that in the minimum density language. If a single-family or duplex redevelops, do they need to be deed restricted? Phillips says two or fewer units do not need to have deed restricted requirements upon redevelopment per last meeting. Planner Roy noted this to change in the amendment. Perez adds that this language is not in the memo nor the amendment. It needs to be included to move ahead. Perez asks for public comment. Sue Gadberry is a West Vail resident. She hands out a letter to commission members. Half of existing units in her complex are deed restricted. All units are occupied by local residents, except one lives part time in retirement in another state. She states that deed restriction requirements his will make a difference to our community. She is concerned about upgrading the current building to meet the requirements of new regulations that would be in place if a fire were to destroy the property. What is the benefit from existing deed restricted units? In order to deed restrict more units, locals would need to come up with more money. Would the Town pay for that? Typically, the Town would give money to give restrictions on property. That is not true here. The owners would have to pay for this deed restriction and pay to redevelop. These units would now also be Ggandfathered rebuild which reduces the size of units. Could couples or families still reside if unit sizes shrink? Could there be a credit for existing deed restrictions? Would housing still be suitable for people working in the community? Benji Gadberry lives in the neighborhood. He says local workers live in the building and are concerned about way the proposed zoning is looking at redevelopment. Redevelopment may be only option if building burns down, it won't meet requirements by new standards if just rebuilt as-is. He acknowledges the difficulty in the planner role in the housing crisis. He asks commission to slow down the process to see how the changes will impact the working locals. Angela Overy owns three units in 2039 Chamonix Lane. They are full time rental units with long term tenants. She listens to other locals mention fire and rebuilding and it sounds horrific. If she had a fire at her building, she would rebuild to increase the number of units as it would be practical for people of the 2 Planning and Environmental Commission Meeting Minutes of December 12, 2022 146 valley (more units to rent). However, the numbers for her don't work financially right now, as she likes to keep it at affordable rental space for locals. Her property is doing good at the moment, but she would like ideas from the town. Kathy Langenwalter lives on Arosa Drive. Her property is not affected by the change, but neighbor is. She says buildable is the important word. Was on the planning commission when EHUs and Buildable area were codified. Here, we are opening up issues of spot zoning; ability to make building site livable, should not include excessive slope in calcs. She says buildable area is deleted in this document, it should not be the total lot area. Multifamily GRFA and lot size should be based on buildable area. She references the appropriate types of EHUs for the area. She asks about the reduction in parking? Why would we do that - its a mistake. The setbacks were changed from 20 feet to 15 feet. Multifamily has larger bulk which is the reason for larger setbacks for air and space. She has many concerns there. The WVMF2 proposal is more palatable in the main area, but it still is spot zoning and not consistent with the mapping. The neighborhood already has consistency, but why can't we come up with a redevelopment process? The document is very advantageous to redevelopment by a developer, butnot for a local. She would hate to see this turn into a place where you can't live as a resident and local. Greg Gadberry is full time resident at Vail Hieghts. The Master Plan provides detailed goals and strategies to preserve what is popular about West Vail. The policies seem responsive to helping local property owners. But the zoning proposes strict limits on the number of units per acre. If we lose our building to fire, we will have to reconfigure deed restriction numbers. Where are the incentives for existing property owners of "old west Vail"? Siri Roman lives on Alpine Drive. She is trying to understand the impacts; the beauty of west Vail is that it is an eclectic neighborhood, where the locals live. She wonders if the area will be gentrified with larger developers moving in? What will fabric of the neighborhood look like once developers move in? It's affordable, charming; she wants to learn more about the real intent of development. Jack Bergey lives in the neighborhood. He asks if it's a current duplex, can you build a duplex back and not deed restrict? The new proposed plan doesn't address development on lots under 10,000 sf. We all want to preserve locals housing everyone wants the same thing? The Master Plan wants to make units conforming and replace aging units - who is going to help the locals financially? It seems as if there is a huge penalty if locals try to develop their properties further. GRFA is cheapest square footage you can build; the site coverage and setbacks are worthless with the restrictive GRFA. He appreciates the hard work around this though despite his concerns. Bob Armour lives on Arosa Drive. He acknowledges Judge's assessment of spot zoning. He says he doesn't think with good conscience that the PEC can forward this to Town Council without the legal wording. Julie Overy manages properties for her mother, who provides rental units to locals. They recently had an assessment done on the property; the only way to make money is to redevelop with less units. However, this takes away from the goal of helping locals. There are a lot of unintended consequences in the plan and it favors developer-driven redevelopments. It appearsthat independent, small-scale development will be nearly impossible under plan. She is wondering if the overall character of the neighborhood will change. There needs to be increases in GRFA adjusted parking, and a re-look at EHUs. In terms of deed restrictions, she is asking the Town to "give us a carrot to add additional units". Jacquelyn Deveric lives on Alpine Dr.. She wrote letter and her brother will pass out letter. The letter will be part of official record. She appreciates the work involved with the Master Plan, although she has concerns about the plan especially regarding the WVMF2 area. The current zoning exists for a reason. What is proposed turns a part of the neighborhood into a Denver suburb apartment-style development. Blanket change is not an appropriate response. Property owners knew what zoning was when they bought it and are asking that the Town doesn't change the rules after many decades. Redevelopment is 3 Planning and Environmental Commission Meeting Minutes of December 12, 2022 147 only advantageous for a large developer. But for the rest of us, it forces us to take huge cuts to our property values, forced deed restrictions and a change in lifestyle. This plan is not enough. We shouldn't make change hastily to the neighborhood. Perez asks for commissioner comment. Jensen thanks everyone for all of the public comment which is very valuable. We do have a housing crisis. I'm sure the plan evolved to help solve this. I don't see this plan as attractive to a large developer. The map doesn't work to their benefit. The potential largest developer down the road is most likely the Town of Vail. However, the plan doesn't feel well thought out at this point. What happens with one owner of multiple properties? It does make sense in case of fire to help add units to help enhance properties if insurance in involved. Phillips says this plan is trying to help a larger problem. There is not an option to maintain the current housing inventory with existing zoning without changes to the zoning. Maintaining units, not taking away units is the goal and is critical to local workforce. Regarding parking utilizing public transit is the goal of this plan and reducing single car driving. By reducing parking demand, we encourage public mobility option. Site coverage is a concern; the plan is trying to increase the amount to allow space concern, trying to give that "carrot" for both developer and local owners. The current zoning is not working and needs to updated. This plan is not perfect, it is a work in progress. Given the fabric of community, blanket zoning doesn't work. There is a need to look at each property, trying to find properties that just don't work. The PEC understands the importance of this neighborhood and we are trying to support employee and affordable housing. We will continue to work on this. Judge echoes his previous colleagues. He sympathizes with public comment. The plan is trying not to become an incentive for outside developers and is trying not to blanket zone. He has concerns about setbacks and site coverage today, but not necessarily concerned about WVMF2. He is wondering why these properties are not included in the zoning study: 2328 Garmisch. 238 Garmich townhomes, 2239 Chamonix ( Capstone townhomes (1817 Meadow), 1895 Meadow, Meadow and Buffehr Creek. In regards to the fire and rebuilding conversations, he knows that Town will work with residents on rebuilding in an appropriate time frame and to best meet the needs of the owners. He stresses that we need to properly zone this part of Vail. Pratt says he encourages the public to go to Council with their opinions and concerns. He notes that this has been a difficult process, particularly with the spot zoning. Basically, we took out ones that didn't meet the zoning requirements, which could be spot zoning. He disagreed about parking, as it is considered an incentive to those who are redeveloping to give more GRFA. Maybe use increased height, lot coverage, etc. to act as incentive. Pratt recognizes that this is an imperfect document. However, this is all currently zoned as primary/secondary residential and we are trying to make it easier for residents to rebuild. EHUs do represent a reduced value vs regular residential units. To rebuild, owners do not need to decrease size of units to accommodate new requirements, this is false information. Lipnick thanks everyone for your comments. This is a difficult process and has been throughout this year. It is an imperfect process and we are not ready to vote on it. The exception raised at last meeting has not been included (single family / deed restrictions) and he is concerned about spot zoning. The importance of the character of existing neighborhoods is extremely important. Employee housing is ideal in existing neighborhoods. There is a balancing act between getting the right residential, commercial and recreational needs; there is no perfect solution. He hears the concerns from the residents: traffic, population, safety and that it is not what you bought into years ago. However, we must remain flexible in responding to the needs of the community. We need to come up with the best recommendation possible but be consistent with Vail housing plan, West Vail master plan, Vail comprehensive plan and the need for workforce and locals housing. Perez thanks everyone again for coming out. The more input we can get, the better. We need to change 4 Planning and Environmental Commission Meeting Minutes of December 12, 2022 148 the properties into conformance - change is necessary. We can do better, although there is no perfect solution. We need legal language about the number of legal units before we can move forward. There is no exception for the two units (re: from last meeting) regarding deed restriction. EHU 3 and 4 needs to change, especially if EHU 3 is not possible. In terms of parking, west Vail has more bus lines than anywhere, and the area encourages mobility changes. Currently, it is a mosaic of zoning, so we are doing our best. We still don't have a two year rebuild policy after a calamity situation - one year doesn't work with insurance and permits, etc. We definitely need to see the legal language before making a decision. We also need to see examples. Perez would offer legal expertise to help town attorney to get this moving forward with council and to get this topic off of commissioner's plate. Perez asks would the applicant like to table or vote? Roy asks for a Tabling for the January 9th PEC meeting date. He says we will address issues and study properties that came up as noted by Judge on zoning map. Perez says to get the legal language; and specifically give updates on legal language regarding density as soon as possible well before meeting date for commission to review. Phillips says we need to provide direct case studies on specific residences including over maximum density cases. What are the effects of new zoning on some of these properties? What penalties or advantages are there if they rebuild as-is? . Roy says we can do that, especially with units, unit count, GRFA, and site coverage. We can provide a full breakdown of what's existing and what is possible. Pratt says if language for minimum unit count is existing, could more of the zone district be applied and avoid spot zoning? It's possible that what's there would be allowed. Phillips says no net loss of units has been a conversation for quite some time. Judge says if the district could be larger then it may avoid the concerns about the zoning brought up today. Planner: Greg Roy Applicant Name: Town of Vail, represented by SE Group 4.2 PEC22-0029 - A request for a recommendation to the Vail Town Council for a Zone District Boundary Amendment pursuant to Section 12-3-7 Amendment, Vail Town Code to establish the boundaries of the West Vail Multiple Family 1 (WVMF1) and West Vail Multiple Family 2 (WVMF2) zone districts and setting forth details in regard thereto. 4.3 PEC22-0018 - A request for a recommendation to the Vail Town Council for a review of a Vail Land Use Plan map amendment, pursuant to Section 8-3, Amendment Process, Vail Henry Pratt made a motion to Table to January 9, 2023; Reid Phillips seconded the motion Passed (6 - 0). Staff Memorandum PEC22-0029 12-12-22.pdf Attachment A. Zone District Amendment Proposal.pdf Henry Pratt made a motion to Table to January 9, 2023; Reid Phillips seconded the motion Passed (6 - 0). 5 Planning and Environmental Commission Meeting Minutes of December 12, 2022 149 Planner: Greg Roy Applicant Name: Town of Vail, represented by Matt Gennett Land Use Plan, to change the designation of the portions of Tract A Middle Creek Subdivision from Open Space to Public/Semi-Public and High Density Residential and setting forth details in regard thereto. Items 4.3 - 4.5 will be heard concurrently. Planner Roy gives a history of the items. At the last meeting, the PEC requested the hazard and slope maps and the environmental impact report (EIR). He gives a history of the property. He gives a summary of the requests, and the requests are order specific. He shows maps of the vicinity and the proposal. He walks through the hazard and steep slope maps. He summarizes the findings of the EIR report, there were not excessive concerns beyond those of normal redevelopment. Pratt asks when the RETT funds were used to purchase the property. Roy says he will have to double - check. Community Development Director Matt Gennett confirms it was purchased from Vail Resorts using RETT funds. Lipnick asks for clarifications of the lots in the area. Roy walks through the vicinity map. Roy talks about the map for excessive slope. Judge asks how many units are in Middle Creek. Roy says he would have to check. Perez says once a property is zoned open space it is next to impossible to overturn that. She asks for clarification. Roy talks about the difference between zoned Open Space and Designated Open Space. Phillips asks about the percentage of the swap related to the zone district amendment. Gennett believes there is a net increase in Natural Area Preservation. Matt Gennett is representing the applicant. He gives a summary of the requests. He walks through the maps and indicates that none of these proposals is in a high hazard area. Lipnick asks how the hazard risk compares to Middle Creek and Residence at Main Vail. Gennett says it is similar. Both sites had similar hazards, and a variance was granted for portions of Staff Memorandum - WMC - LU Amend 12-12-22 .pdf Attachment A. West Middle Creek - Applicant Narrative 120822.pdf Attachment B. Proposed Land Use Amendment Map.pdf Attachment C. Hazards and Slope Maps.pdf Attachment D. EIR Summary.pdf Attachment E. West Middle Creek EIR - Terracon - 12-9-22.pdf 6 Planning and Environmental Commission Meeting Minutes of December 12, 2022 150 Residences at Main Vail related to slope. Gennett says one of the goals is to provide a location for early childcare. The current site for the Children's Garden of Learning is a temporary location. He addresses the criteria for each item. There is no development plan at this point but it would come back before the PEC at that time. The goal is to run this in conjunction with Timber Ridge so they can accommodate as many people as possible that may be temporarily relocated due to redevelopment. Perez says the plat has a reference to a 2020 title commitment, but the 2020 title commitment was not received. She thinks the concept is fine, but the plat does not meet all the standards. She asks for an updated one and referencing the correct one on the plat. Phillips suggests attaching that as a condition of approval. Gennett says staff will address Perez's concerns, it could be a condition of approval. Jensen asks for clarification on the lots. Gennett says the intent of Lot 4 is access and childcare facility, and Lot 5 the intent is to create housing there. Most of Lot 5 is not in the 40% or greater slope are, so the majority of the development if not all of it would be in area less than 40% grade. Jensen clarifies that the western lot will be for housing and the eastern lot would be childcare and access. Roy clarifies that the best route of access is still being determined and will be included at the development plan. Gennett says there are conversations with CDOT regarding some of the right of way area next to the frontage road. If an agreement was reached they would amend the proposal. When the development plan is presented it would address all criteria. Judge asks about the criteria in the Housing zone district. Gennett says the PEC would be making the final determination on the development plan. Judge asks if the density would be similar to Middle Creek? Gennett says only preliminary feasibility studies have been done, they haven't got as far specific density. Judge asks about Lot 4 and if the access has been studied. Gennett says they have worked in conjunction with the Town Engineer regarding potential access. Judge says he questions why this process takes place without a conceptual development plan. He suggests the Town take a look at that process. Gennett confirms. Perez asks for public comment. There is none. Lipnick says the three requests meet the review criteria and supports the proposal. Pratt says the original zoning plan was not in error. The need for early childcare was self-imposed by the 7 Planning and Environmental Commission Meeting Minutes of December 12, 2022 151 town, it's now proposed on a steep slope. This property was purchased with RETT funds, the Town is now reneging on that process. There are other options, and this is an incredibly difficult site. Judge says the applicants have answered the questions. This is a confined jurisdiction, and he has questions about construction on steep slopes. It may be expensive for the Town to create proper access; he wouldn't support childcare on Lot 4 as he understands it today. Phillips thanks staff for providing the requested information. He says we have to be fairly creative to resolve the current housing crisis. With current construction technology they might be able to solve the steep slope areas. He wants to continue to be innovative in looking for land options for housing. Jensen says this area is appropriate for affordable housing development. He wants to ensure that Lot 4 will be safe in regards to the proposed use when it gets to that point. Perez agrees it may not be the best place for a children's center. She suggests more lighting and safer crossing underneath I-70, particularly for pedestrians. She will vote against it because she doesn't think a condition addresses her concerns regarding the submittal requirements. She thanks staff for their efforts. She says we want to move this along but need to do this in the proper way. Planner: Greg Roy Applicant Name: Town of Vail, represented by Matt Gennett 4.4 PEC22-0020 - A request for review of a Minor Subdivision, pursuant to Title 13, Chapter 4, Minor Subdivisions, Vail Town Code, to allow for a subdivision to create new parcels, Lot 4 and Lot 5 Amended Final Plat Middle Creek Subdivision, a Resubdivision of Tract A, and setting forth details in regard thereto. Discussion continues on Item 4.4 Judge asks about more information regarding RETT funds. What did it say in 1974 regarding use for open space? Pratt says the money is intended for the purchase of open space, has been amended to include Housing sites. Judge says there should be a condition. Perez says her hang-up is that she can't say it meets the criteria because of the title submission. Phillips asks if a 2020 Title Commitment is present. Reid Phillips made a motion to Recommend for approval with the findings in the staff memo; Bill Jensen seconded the motion Passed (4 - 2). Voting For: Bill Jensen, Bobby Lipnick, Reid Phillips, Brian Judge Voting Against: Karen Perez, Henry Pratt Staff memorandum - WMC - Minor Sub 12-12-22.pdf Attachment A. Proposed Final Plat 10-26-22.pdf Attachment B. West Middle Creek - Applicant Narrative 120822.pdf 8 Planning and Environmental Commission Meeting Minutes of December 12, 2022 152 Gennett confirms it can be forwarded to the commissioners. Gennett confirms the RETT fund will be reimbursed commensurately to the value in the same manner as was done for the other lots in the subdivision. Planner: Greg Roy Applicant Name: Town of Vail, represented by Matt Gennett 4.5 PEC22-0019 - A request for a recommendation to the Vail Town Council for a zone district boundary amendment, pursuant to Section 12-3-7, Amendment, Vail Town Code, to allow for the rezoning of the portions of Tract A Middle Creek Subdivision from Natural Area Preservation to General Use and Housing, and setting forth details in regard thereto. Discussion continues on Item 4.5 Judge says he has reservations about the slope related to GU Lot 5. Roy says it will be back before the PEC. Jensen says it is a Town project, but we have to hold everybody accountable to the same level. Phillips and Perez talk about the requirements for title commitments. 5.Approval of Minutes 5.1 PEC Results 11-14-22 6.Information Update 6.1 EV Readiness Plan Update Reid Phillips made a motion to Approve with the findings in the staff memo and the following conditions 1. The applicant shall provide an updated title report to Staff 2. The RETT fund will be reimbursed in the same manner as was done for the other lots in the subdivision. ; Brian Judge seconded the motion Passed (4 - 2). Voting For: Bill Jensen, Bobby Lipnick, Reid Phillips, Brian Judge Voting Against: Karen Perez, Henry Pratt Staff Memorandum - WMC - Rezoning 12-12-22.pdf Attachment A. Applicant Narrative 120822.pdf Attachment B. Zone District Amendment Proposal.pdf Reid Phillips made a motion to Recommend for approval with the findings in the staff memo; Bobby Lipnick seconded the motion Passed (4 - 2). Voting For: Bill Jensen, Bobby Lipnick, Reid Phillips, Brian Judge Voting Against: Karen Perez, Henry Pratt Bobby Lipnick made a motion to Approve ; Bill Jensen seconded the motion Passed (6 - 0). PEC Results 11-14-22.pdf EV Readiness Plan Memo 12-12-2022.pdf 9 Planning and Environmental Commission Meeting Minutes of December 12, 2022 153 An update is provided by Cameron Millard (Energy Efficiency Coordinator), Beth Markham (Environmental Sustainability Coordinator), and Chris Southwick (Mobility Innovation Coordinator). They give a presentation on the progress of the plan. Millard talks about the stakeholder input process. He talks about the electric vehicle (EV) charging infrastructure in town and strategies for increasing EV charging infrastructure. Perez asks about the associated costs and where these will be located. She is concerned about the equity issue, who are these being catered to. She is for the environment but the costs of the proposal give her pause. She says more bus service may be a better solution. Millard says the plan addresses bussing and other mobility solutions. The single occupancy vehicle (SOV) is the last resort and other modes should be encouraged. But if it is an SOV trip, electric is preferred. This is not trying to be a transportation master plan, it's looking at the adoption of EV to meet climate goals in a fair and equitable way. Markham says the the plan will look at what the policy strategies should be. Millard and Markham discuss possible fee strategies. Judge agrees that the infrastructure backbone needs to be put in place. The management and fee strategy will need to be examined. He suggests working with Town-owned redevelopment projects. Jensen encourages looking at how they can grow 100% a year instead of 50%. He suggests adopting pay to play principles. He encourages being bold to meet the increasing demand. Perez says there is a big barrier to entry which hopefully will be reduced moving forward. Millard talks about the current use in Vail. Phillips asks about the costs of the utilities provided to Level 2 chargers. He knows Vail Fire has significant concerns about EV chargers, which is shared by some neighboring communities. It is a significant concern and he wants to make sure safety concerns are addressed with the infrastructure implementation. We need to provide these parking spaces but it can be difficult to rationalize rising parking costs while there is free electric charging. Southwick says it is a evolving field and they will have to consider best practices moving forward. Phillips and Jensen discuss potential strategies. Markham says this was born out of the GOEV city resolution that the Town adopted in the fall of 2021. Pratt suggests emphasizing the fast chargers more; they maybe shouldn't be inside the parking the structure, but rather in the short term parking spots. The Level Two chargers will be less desirable moving forward compared to the fast chargers. Southwick talks about the Town-owned fleet of vehicles. The technology is changing rapidly so the targets might change as they are revisited moving forward. He walks through fleet transition strategies. Judge asks about the cost, longevity, maintenance of an electric bus in related to combustion. Southwick runs through the up front costs, and other costs like batteries. Pratt says the longer term goals past 2030 may need to be revised given emerging technologies like hydrogen powered vehicles. 10 Planning and Environmental Commission Meeting Minutes of December 12, 2022 154 Millard talks about EV readiness policies and strategies. Judge says personal transportation will change significantly over the next decades. Lipnick says the county is looking at Zipcars, is the Town also looking at these. Markham says that's a good segway into the community EV readiness goals and strategies. There is an equity lens for all the strategies including decreasing the barriers for adoption. Pratt asks if fleet pricing can be leveraged for the general population of Vail. Markham says that could be an opportunity to look at. Jensen suggests looking at taxes for leasing EVs. Markham addresses micro-mobility goals. Judge says this is also a growing field that it's good to get ahead of, the interface will be important. Pratt says you could consider gearing down some of the eBikes for safety concerns. Markham says that is incorporated in the ebike share program. Phillips suggests the implementation of more solar on Town facilities on the sustainability side. Millard says its on the radar, the utilities don't necessarily want more PV unless it comes with storage, which is a key component. 7.Adjournment (Perez absent) Reid Phillips made a motion to Adjourn ; Bobby Lipnick seconded the motion Passed (5 - 0). 11 Planning and Environmental Commission Meeting Minutes of December 12, 2022 155 1 TO: Planning and Environmental Commission FROM: Community Development Department DATE: December 12, 2022 SUBJECT: A request for a recommendation to the Vail Town Council for a zone district boundary amendment, pursuant to Section 12-3-7, Amendment, Vail Town Code, to allow for the rezoning of the portions of Tract A Middle Creek Subdivision from Natural Area Preservation to General Use and Housing, and setting forth details in regard thereto. PEC22-0019 Applicant: Town of Vail, represented by Community Development Director Matt Gennett Planner: Greg Roy I. SUMMARY The applicant, Town of Vail, represented by Community Development Director, Matt Gennett, is requesting a recommendation to the Vail Town Council for a zone district boundary amendment, pursuant to Section 12-3-7, Amendment, Vail Town Code, for the rezoning of the portions of Tract A Middle Creek Subdivision from Natural Area Preservation to General Use and Housing. Based upon Staff’s review of the criteria outlined in Section Vl of this memorandum and the evidence and testimony presented, the Community Development Department recommends the Planning and Environmental Commission forward a recommendation of approval to the Vail Town Council. II. DESCRIPTION OF REQUEST The applicant is proposing to rezone portions of Tract A Middle Creek Subdivision from Natural Area Preservation to General Use and Housing. Portions of the Middle Creek Subdivision are developed, consisting of Middle Creek Housing, Residences at Main Vail, and the Mountain Bell tower. Lots 4 and 5 being proposed for rezoning are not developed and currently sit vacant. 156 Town of Vail Page 2 The map below shows the existing and proposed zoning. The following are included with this memorandum as attachments for review by the commission: A. Applicant Narrative, 12-8-2022 B. Zone District Amendment Proposal II. BACKGROUND The subject property was annexed into the Town of Vail in 1968 with Ordinance No. 8, Series of 1969. Ordinance No. 19, Series of 1995 zoned the portions of Tract A from Agricultural Open Space to the General Use and Natural Area Preservation districts. This rezoning was part of a larger rezoning that occurred after the passage of the 1994 Open Lands Plan adoption. In 2002, the property was subdivided to create Lots 1 and 2 to facilitate the development of Middle Creek Housing and to create the site for the telecom tower. In 2020, a subdivision application was approved by the PEC to create Lot 3 as the site for the Residences at Main Vail project. 157 Town of Vail Page 3 III. APPLICABLE PLANNING DOCUMENTS Staff believes that the following provisions of the Vail Land Use Plan, the Vail Village Master Plan and the Vail Town Code are relevant to the review of this proposal: Vail Town Code TITLE 12: ZONING REGULATIONS, VAIL TOWN CODE 12-3-7: AMENDMENT: A. Prescription: The regulations prescribed in this title and the boundaries of the zone districts shown on the official zoning map may be amended, or repealed by the town council in accordance with the procedures prescribed in this chapter. B. Initiation: 1. An amendment of the regulations of this title or a change in zone district boundaries may be initiated by the town council on its own motion, by the planning and environmental commission on its own motion, by petition of any resident or property owner in the town, or by the administrator. 2. A petition for amendment of the regulations or a change in zone district boundaries shall be filed on a form to be prescribed by the administrator. The petition shall include a summary of the proposed revision of the regulations, or a complete description of proposed changes in zone district boundaries and a map indicating the existing and proposed zone district boundaries. If the petition is for a change in zone district boundaries, the petition shall include a list of the owners of all properties within the boundaries of the area to be rezoned or changed, and the property adjacent thereto. The owners' list shall include the names of all owners, their mailing and street addresses, and the legal description of the property owned by each. Accompanying the list shall be stamped, addressed envelopes to each owner to be used for the mailing of the notice of hearing. The petition also shall include such additional information as prescribed by the administrator. C. Criteria And Findings: 1. Zone District Boundary Amendment: a. Factors, Enumerated: Before acting on an application for a zone district boundary amendment, the planning and environmental commission and town council shall consider the following factors with respect to the requested zone district boundary amendment: 158 Town of Vail Page 4 (1) The extent to which the zone district amendment is consistent with all the applicable elements of the adopted goals, objectives and policies outlined in the Vail comprehensive plan and is compatible with the development objectives of the town; and (2) The extent to which the zone district amendment is suitable with the existing and potential land uses on the site and existing and potential surrounding land uses as set out in the town's adopted planning documents; and (3) The extent to which the zone district amendment presents a harmonious, convenient, workable relationship among land uses consistent with municipal development objectives; and (4) The extent to which the zone district amendment provides for the growth of an orderly viable community and does not constitute spot zoning as the amendment serves the best interests of the community as a whole; and (5) The extent to which the zone district amendment results in adverse or beneficial impacts on the natural environment, including, but not limited to, water quality, air quality, noise, vegetation, riparian corridors, hillsides and other desirable natural features; and (6) The extent to which the zone district amendment is consistent with the purpose statement of the proposed zone district; and (7) The extent to which the zone district amendment demonstrates how conditions have changed since the zoning designation of the subject property was adopted and is no longer appropriate; and (8) Such other factors and criteria as the commission and/or council deem applicable to the proposed rezoning. b. Necessary Findings: Before recommending and/or granting an approval of an application for a zone district boundary amendment, the planning and environmental commission and the town council shall make the following findings with respect to the requested amendment: (1) That the amendment is consistent with the adopted goals, objectives and policies outlined in the Vail comprehensive plan and compatible with the development objectives of the town; and (2) That the amendment is compatible with and suitable to adjacent uses and appropriate for the surrounding areas; and 159 Town of Vail Page 5 (3) That the amendment promotes the health, safety, morals, and general welfare of the town and promotes the coordinated and harmonious development of the town in a manner that conserves and enhances its natural environment and its established character as a resort and residential community of the highest quality. 12-6I: Housing (H) District 12-8C: Natural Area Preservation (NAP) District 12-9C: General Use (GU) District Vail Land Use Plan (in part) Key Goals B. Residential Uses 1. Additional residential growth should continue to occur primarily in existing, platted areas. E. General Growth and Development 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. 5. Development may also be appropriate on Town-owned lands by the Town of Vail (other than park and open space) where: a. No high geologic hazards exist; and b. Such development is for public use. Land Use Plan Assumptions A. New development would for the most part, occur within and adjacent to already developed areas. C. That substantial areas of open space would remain in the Town. D. That constraint areas should be considered in the designation of areas for future development. F. That hillsides should also be assessed, taking constraints into consideration. IV. SITE ANALYSIS Address: No Address Legal Description: Tract A Middle Creek Subdivision Existing Zoning: Natural Area Preservation (NAP) District and General Use (GU) Proposed Zoning: Housing (H) District and General Use (GU) 160 Town of Vail Page 6 Land Use Plan Designation: Open Space (proposed to change with PEC22-0018) Current Land Use: Open Space Proposed Land Use: High Density Residential and Public/Semi-Public Geological Hazards: Moderate Hazard Debris Zone and Medium Severity Rockfall Development Standard Natural Area Preservation (NAP) Housing (H) General Use (GU) Lot Size NA Prescribed by PEC Prescribed by PEC Minimum Setbacks NA 20’ from perimeter of zone district Prescribed by PEC Maximum Height NA NA Prescribed by PEC Prescribed by PEC Density NA Prescribed by PEC Prescribed by PEC Site coverage maximum NA Max. 55% of site area Prescribed by PEC Minimum Landscaping NA Min. 30% of site area Prescribed by PEC V. SURROUNDING LAND USES AND ZONING Existing Use Zone District North: US Forest Land NA South: Telecom/Housing General Use (GU)/Housing(H) East: Open Space Natural Area Preservation (NAP) West: Open Space Natural Area Preservation (NAP) VI. REVIEW CRITERIA Before acting on an application for a zone district boundary amendment, the Planning and Environmental Commission shall consider the following factors with respect to the requested zone district boundary amendment: Zone District Boundary Amendment Factors 1. The extent to which the zone district amendment is consistent with all the applicable elements of the adopted goals, objectives and policies outlined in the Vail comprehensive plan and is compatible with the development objectives of the town. The proposed zone district amendment is supported by the Vail comprehensive plan. One component of the comprehensive plan is the Land Use Plan. In the plan, some key goals are to have additional growth within existing platted areas 161 Town of Vail Page 7 and areas without high geologic hazards. The proposed amendment would be in a subdivided tract and outside of any high-hazard areas. The plan also notes that development on hillsides may be appropriate on a case-by-case basis and that the development should be low-density as visibility from the valley floor is a consideration. When the plan refers to development on a hillside, the goal is to limit low density residential at the ridgeline. It was not contemplating residential development at the base of the hillside near the valley floor. Later, the General Growth and Development section of the plan notes that the development of Town-owned land may be appropriate if it isn’t in the high hazard zones and the development is for a public purpose. Considering those sections and goals, it would appear the plan allows for hillside development of public land if it serves a public purpose. As the Town is the owner and applicant on the application, those requirements would be met. Staff finds that the proposed zone district amendment conforms to this criterion. 2. The extent to which the zone district amendment is suitable with the existing and potential land uses on the site and existing and potential surrounding land uses as set out in the town’s adopted planning documents. Part of this amendment is rezoning some areas to the north of the Mountain Bell tower from GU to NAP. This is suitable for existing and potential uses around the site as it is the least developable area of Tract A. It lends itself to NAP to preserve the uphill area of the tower and housing development, rather than contemplate further development up the hill. Conversely, the area adjacent to the right-of-way is currently open space that is zoned NAP but has residential development on either side. This portion of the site would be best suited to additional housing opportunities or other uses that may be permitted in the GU district than further up the hill of the site. When contemplating the Housing district, having it easily accessible to the road and to walkable areas is the most suitable. Staff finds that the proposed zone district amendment conforms to this criterion. 3. The extent to which the zone district amendment presents a harmonious, convenient, workable relationship among land uses consistent with municipal development objectives. The proposed zone district amendment is consistent with the adjacent zoning on the property to the east. The new area of GU would be adjacent to the lot that is currently zoned GU. While the proposed Housing district area does not share a boundary with another existing Housing district site, in the vicinity it is common to 162 Town of Vail Page 8 see Housing zoning adjacent to the right-of-way. Similar sites have been zoned Housing recently such as Lot 3 of Middle Creek and Solar Vail. Staff finds that the proposed zone district amendment conforms to this criterion. 4. The extent to which the zone district amendment provides for the growth of an orderly viable community and does not constitute spot zoning as the amendment serves the best interests of the community as a whole. The proposed zone district amendment provides the appropriate incentives for the orderly redevelopment of the subject properties. The development standards of both the General Use and Housing districts are set by the PEC and will provide for more control from the Commission on how the sites are developed in terms of site planning, height, density, and setbacks. The area along the frontage road has already been developed with public/semi-public uses and housing developments. Continuing those uses in this area will provide an orderly development that is in the best interest of the larger community. Staff finds that the proposed zone district amendment conforms to this criterion. 5. The extent to which the zone district amendment results in adverse or beneficial impacts on the natural environment, including, but not limited to, water quality, air quality, noise, vegetation, riparian corridors, hillsides and other desirable natural features. The amendment does not have any direct impacts that are either adverse or beneficial to the natural environment. It will increase the development opportunities on the lower portion of the site but will also reduce the potential development on the higher elevations of the tract. In the proposed districts the majority of standards are set by the PEC, which will allow for further input into the development process to control any possible negative externalities to the environment. The proposed zoning change to this existing development would not negatively affect riparian corridors, air quality, water quality, or other environmental aspects. Staff finds that the proposed zone district amendment conforms to this criterion. 6. The extent to which the zone district amendment is consistent with the purpose statement of the proposed zone district. The proposed zone district amendment is consistent with the purpose statements for the General Use and Housing districts. The Housing statement reads “…the zone district is appropriately located and designed to meet the needs of residents of Vail, to harmonize with surrounding uses, and to ensure adequate light, air, open space and other amenities”. This amendment will incorporate the district in an appropriate area in harmony with the adjacent sites and uses. 163 Town of Vail Page 9 The General Use amendment will meet the purpose by further providing access and quasi-public uses that are necessary to develop the adjacent proposed Housing site. Staff finds that the proposed zone district amendment conforms to this criterion. 7. The extent to which the zone district amendment demonstrates how conditions have changed since the zoning designation of the subject property was adopted and is no longer appropriate. The property was zoned to its current designation in 1995 as a result of the newly adopted 1994 Open Lands Plan. At that time, there was no Middle Creek Housing and the site was largely vacant except for the elementary school and Mountain Bell Tower. Since the time that Middle Creek Housing was built, Solar Vail was rezoned and completed and Residences at Main Vail has begun construction. These developments have transformed the area from a largely untouched area north of the interstate to a developed area that is occupied by large buildings. The on-site conditions around the time of designation of the previous zoning conformed to the open space use for the area, but that use on the neighboring properties has changed, recommending this property for a potential change as well. Staff finds that the proposed zone district amendment conforms to this criterion. 8. Such other factors and criteria as the commission and/or council deem applicable to the proposed rezoning. VIII. STAFF RECOMMENDATION Based upon the review of the criteria outlined in Section Vl of this memorandum and the evidence and testimony presented, the Community Development Department recommends the Planning and Environmental Commission forward a recommendation of approval to the Vail Town Council for a zone district boundary amendment, pursuant to Section 12-3-7, Amendment, Vail Town Code, to allow for the rezoning of the portions of Tract A Middle Creek Subdivision from Natural Area Preservation to General Use and Housing 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, the Community Development Department recommends the Commission pass the following motion: “The Planning and Environmental Commission forwards a recommendation of approval to the Vail Town Council for a zone district boundary amendment, pursuant to Section 12-3-7, Amendment, Vail Town Code, to allow for the 164 Town of Vail Page 10 rezoning of portions of Tract A Middle Creek Subdivision from Natural Area Preservation to General Use and Housing, and setting forth details in regard thereto.” Should the Planning and Environmental Commission choose to forward this recommendation of approval, the Community Development Department recommends the Commission makes the following findings: “Based upon the review of the criteria outlined in Section Vl of the Staff memorandum to the Planning and Environmental Commission dated December 12th, 2022, and the evidence and testimony presented, the Planning and Environmental Commission finds: 1. That the amendment is consistent with the adopted goals, objectives and policies outlined in the Vail comprehensive plan and compatible with the development objectives of the town; and 2. That the amendment does further the general and specific purposes of the zoning regulations; and 3. That the amendment does 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 highest quality.” IX. ATT ACHMENTS A. Applicant Narrative, 12-8-2022 B. Zone District Amendment Proposal 165 AGENDA ITEM NO. 7.1 Item Cover Page DATE:December 20, 2022 TIME:5 min. SUBMITTED BY:Beth Markham, Environmental Sustainability ITEM TYPE:Public Hearings AGENDA SECTION:Public Hearings SUBJECT:Ordinance No. 23, Series of 2022, Second Reading, An Ordinance Repealing and Reenacting Chapter 13 of Title 5 of the Vail Town Code, Regarding Carryout Bag Requirements and Fees SUGGESTED ACTION:Approve, approve with amendments or deny Ordinance No. 23, Series of 2022 upon second reading. PRESENTER(S):Beth Markham, Environmental Sustainability Manager VAIL TOWN COUNCIL AGENDA ITEM REPORT ATTACHMENTS: PPRA Ordinance No. 23 Series of 2022 Memo 122022.pdf Ordinance No. 23 Series 2022-122022.pdf Plastic Bag Public Input.pdf 166 To: Vail Town Council From: Environmental Sustainability and Finance Department Date: December 20, 2022 Subject: HB21-1162 Plastic Pollution Reduction Act (PPRA) – Second Reading of Ordinance No. 23, Series of 2022 to repeal and replace Title 5, Chapter 13 of the Vail Town Code I. Purpose The purpose of this memorandum is to present the second reading of Ordinance No. 23, Series of 2022 to update Title 5, Chapter 13 of the Vail Town Code to include revisions relevant to HB21-1162, the State of Colorado’s Plastic Pollution Reduction Act. II. Background: Plastic Pollution Reduction Act In 2015, Town of Vail implemented the Kick the Bag Habit program and Ordinance No. 2 Series of 2015 was passed. This ordinance instituted a plastic bag ban at grocers 4,000 square feet and larger and imposed a $0.10 fee on disposable paper bags, Title 5, Chapter 13. The $0.10/bag fee is returned to the town to fund recycling and waste diversion programs. Prior to the ordinance going into effect, the two largest grocery stores in Vail gave away 4.5 million bags annually on average. In 2021, these grocery stores sold just over 430,000 paper bags, up from 315,470 bags in 2020 (Figure 1). Bag fees are tracking high for 2022 based on year-to-date numbers. Year Fee Collected Number of Paper Bags Sold 2022 YTD $34,133 YTD 341,330 YTD 2021 $43,047 430,473 2020 $31,547 315,470 2019 $32,923 329,230 2018 $33,381 333,810 2017 $31,920 319,200 Figure 1. Paper Bags distributed and annual fees collected by Town of Vail On July 6, 2021, Governor Jared Polis signed HB21-1162, the Plastic Pollution Reduction Act (PPRA) into law, the second most comprehensive law in the country. Prior to HB21-1162s passage, 10 states had plastic bag bans and 7 states had polystyrene 167 Town of Vail Page 2 foam bans. With the signing of this bill, Colorado becomes the first state in the U.S. to strike a state plastics preemption law, restoring the right of local municipalities to enact their own plastic regulations. Enforcement of the PPRA is left to the municipalities. There are four main components to the PPRA included in Appendix A for reference. Details on requirements and exemptions can be found in Appendix B. While many communities around the state are still working to develop a plan to implement the PPRA requirements, some have shared what they are currently planning. The chart in Appendix C indicates whether a community had a previous plastic bag ban and/or fee structure in place and what will change with the PPRA implementation. Prior to the January 1, 2023 state-mandated bag fee going into effect, staff presented information on the Plastic Pollution Reduction Act (PPRA) to the Vail Economic Advisory Council and assembled a group of community and business stakeholders to gather input on implementation of the new requirements. Staff presented community and business stakeholder recommendations for implementation of HB21-1162, the PPRA to town council November 1, 2022. Council direction was shared out with the stakeholder group, staff conducted business outreach to all impacted businesses informing them of the PPRA implementation and proposed amendments being considered, and staff conducted direct one on one conversations with multiple restaurant owners. After these discussions, staff recommends three revisions from the initial recommendations presented last council meeting, which are detailed below. III. Ordinance No. 23, Series of 2022 Proposed Ordinance No. 23, Series of 2022 repeals and replaces the current disposable bag requirements defined in Title 5, Chapter 13 of the Vail Town Code as it pertains to state legislation HB21-1162, the PPRA. The ordinance is attached in Appendix D. Proposed changes to HB21-1162 are detailed below. 1. Increase the current $0.10/bag fee to $0.25/bag on January 1, 2023 for disposable paper and plastic bags. Grocers can only distribute disposable paper bags as per current code in Title 5, Chapter 13; all other stores and retail food establishments with the exemption of restaurants, can distribute both paper and plastic disposable carryout bags with the fee until January 1, 2024 when plastic bags are prohibited (with the exception of plastic bags purchased prior to this date- stock can be used until June 1, 2024 and fee to still be assessed). Fees will be remitted to the town monthly via the MUNIRevs system at the time of sales tax remittance. Split Fee 60/40 between Business/municipality: Although the PPRA indicates the bag fee be split between the municipality and business at a 60/40 split in favor of the municipality, TOV will instead flip the split of 60/40 in favor of the business ($0.15/bag for business / $0.10/bag remitted to town) providing additional funds to the businesses for implementing the program. The town will use the funds to continue offering waste diversion initiatives including town clean up days, Hard to Recycle events and recycling education programs. Additional funds collected annually can fund enforcement of the ordinance and additional waste diversion programs including zero waste, composting, etc. 168 Town of Vail Page 3 2. Remove Store Exemptions: The PPRA has exemptions for restaurants and Colorado- based small stores with 3 or fewer locations. The town will close the loophole and apply the fees (and bans in 2024) to all stores. Food retail establishments will remain exempt if they prepare or serve food in individual portions for immediate on-premises or off-premises consumption and is not a grocer or convenience store (this includes restaurants). IV. Outreach and Incentives Staff will continue to facilitate education and outreach as well as research potential incentives for businesses who adopt the plastic bag ban early. The PPRA also requires businesses display signage outside of the business or inside at the point of sales indicating bag fee. Based on stakeholder feedback, staff recommends Town of Vail develop a positive and consistent message and provide this required signage to businesses versus the businesses creating their own messaging. This will be funded by the town’s portion of the bag fee. V. Staff Recommendations Staff recommends the Vail Town Council approval of the second reading of Ordinance No. 23, Series of 2022 and support the creation of town wide signage for businesses to display regarding the bag fee. VI. Next Steps Pending council approval of the second reading, staff will: • Conduct a robust outreach campaign to educate businesses on the ordinance going into effect; • Finalize internal fee collection software updates; • Create messaging and signage for businesses to display regarding the bag fee; and • Investigate potential incentives for businesses who eliminate plastic bags ahead of the January 1, 2024 deadline. 169 Town of Vail Page 4 Appendix A: Four Main Components of HB21-1162, the PPRA January 1, 2023: Plastic and Paper Bag Fee • $0.10 fee on all plastic and paper bags will go into effect (municipality may raise fee higher by resolution or ordinance) • During this time, retailers can still give out plastic bags, but are required to charge ● Affects large grocery and retail stores ● Restaurants and small Colorado-only stores with 3 or fewer locations excluded ● Retailer keeps $0.04 to implement the program (if fee is higher, retailer retains 40%) ● Municipalities and Counties (unincorporated) receive $0.06 (or if fee is higher, 60%) to implement program, enforce the law, fund recycling, composting, waste diversion programs, and education. ● Does not apply to customers with federal or state food assistance programs ● Fee on plastic bags ends Jan. 1, 2024 January 1, 2024: Plastic Bag Ban • Ban on plastic carryout bags goes into effect. • Affects large grocery and retail stores • Restaurants and small Colorado-only stores with 3 or fewer locations excluded • Stores can use up any remaining stock of bags until June 1, 2024 as long as they were purchased by Jan. 1, 2024 January 1, 2024 – Ban on polystyrene food containers and cups ● Ban on polystyrene to-go food containers and cups goes into effect ● Affects all restaurants and schools ● Retail food establishments can use up any polystyrene containers purchased by Jan. 1, 2024 until they are gone July 1, 2024: Local government pre-emption on plastic bans is lifted ● Municipalities and counties can enact, implement and enforce more stringent laws ● Local governments can enact and enforce laws that prohibit, restrict or mandate the use or sale of plastic materials, containers, packaging or labeling ● Exempts packaging for medical products including drugs, medical devices or dietary supplements 170 Town of Vail Page 5 Appendix B: Exceptions under the Plastic Pollution Reduction Act as defined by the State PLASTIC BAGS Covered under the ban and bag fee ● Major* grocery stores and supermarkets ● Major convenience stores ● Major liquor stores ● Pharmacies and drug stores ● Major retailers ● Other major stores or retail food establishments providing single use plastic carryout bags *those with more than three locations or with locations outside Colorado Exceptions from the ban and bag fee ● Smaller* stores ● Restaurants ● Farmers and roadside markets ● Bags for loose, bulk items including hardware, bolts, screws, nuts, fruits, vegetables, grains ● Bags for dry cleaning, laundry, or garments, prescription medication, frozen food, meat, seafood, plants and other items that could otherwise contaminate other items ● Bags for unwrapped food or bakery goods such as those used by restaurants for take-home or to-go food ● Bags for small pets like fish, crustaceans, mollusks and insects *those with three or fewer locations operating solely in Colorado POLYSTYRENE (STYROFOAM) Covered under the ban Exceptions from the ban ● Restaurants ● Major grocery stores and supermarkets ● Major convenience stores ● Other major retail food establishments providing expanded polystyrene containers ● Cafeterias in schools, prisons and businesses ● Farmers and roadside markets ● Stores whose primary sales revenue does not come from food products. 171 Town of Vail Page 6 Appendix C- PPRA Implementation Around Colorado Appendix D- Ordinance No. 23, Series of 2022 Community Previous Ordinance Current Bag Fee Amount to Municipality Amount to Business Updates with PPRA Implementation Vail, CO No plastic bags at grocers over 4,000 sq feet; fee on paper $0.10 100% 0% Expand to all stores and retail food establishments with restaurants remaining exempt for time being. $0.25/bag and split 60% to business and 40% to town Aspen, CO No plastic bags at grocers >3,500 sq ft; fee on paper $0.20 75%+ 25% up to $100 per month Will expand to all retailers that PPRA applies to as defined by the state and will charge $0.20/bag and split 60% to city / 40% to business Avon, CO No plastic bags in any retailer (including small stores and restaurants) fee on paper $0.10 100% if >4,000 sq ft 100% if <4,000 sq ft No changes to current regulation; plastic bags already prohibited town wide and keeping current fee and split structure through 2023 Boulder, CO Plastic bag ban at grocery stores; fee paper bags with 40%+ RYC content $0.10 60% 40% Expand to all retailers required per PPRA; likely will increase fee to $0.25/bag in 2023 and maintain current split of the fee 60% to the city and 40% to the business. Breckenridge, CO No plastic bags and paper with <40% post consumer RYC material at any retailer; $0.10 fee on paper $0.10 $0.10 less $100 per month per business up to $100 per month Still determining plan for PPRA implementation; considering raising to $0.25/bag Fort Collins, CO Plastic bag and paper <40% RYC content ban; paper bag >40% RYC content fee at large gorcers 10,000 sq ft+$0.10 50% 50% Updated and implemented in May, 2022; still applies to all large grocers; $0.10/bag fee split 60% to muncipality and 40% to business. Eagle, CO No previous ordinance in place NA NA NA Planning to implement as detailed in PPRA- $0.10/bag with fee being split 60% to municipality and 40% to business; small stores and restaurants exempt Eagle County, CO No previous ordinance in place for unincorporated Eagle County NA NA NA Still determining plan for PPRA implementation; considering following Avon or Vail's approach. 172 Town of Vail Page 7 ORDINANCE NO. 23 SERIES 2022 AN ORDINANCE REPEALING AND REENACTING CHAPTER 13 OF TITLE 5 OF THE VAIL TOWN CODE, REGARDING CARRYOUT BAG REQUIREMENTS AND FEES WHEREAS, the Town has a duty to protect the natural environment, the economy and health of its citizens and guests; WHEREAS, the Town is committed to environmental protection and stewardship; WHEREAS, reducing the use of disposable carryout bags has a positive impact on the local environment, including reducing pollution, greenhouse gas emissions, litter, harm to wildlife, water consumption, energy consumption and solid waste generation; WHEREAS, in March 2015, the Town Council adopted Ordinance No. 2, Series of 2015, which prohibited disposable plastic bags and required a charge for the use of disposable paper bags at grocers; WHEREAS, the Colorado Legislature has adopted the Plastic Pollution Reduction Act, which will impose a statewide carryout bag fee on January 1, 2023, and will prohibit distribution of single-use plastic carryout bags on January 1, 2024; and WHEREAS, the state legislation requires amendments to the Vail Town Code. NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO, THAT: Section 1. Title 5, Chapter 13 of the Vail Town Code is hereby repealed in its entirety and reenacted follows: CHAPTER 13: CARRYOUT BAGS 5-13-1: PURPOSE: The purpose of this Chapter is to protect the public health, safety and welfare by encouraging the use of reusable carryout bags and discouraging the use of disposable carryout bags. 5-13-2: DEFINITIONS: For purposes of this Chapter, the following terms shall have the following meanings: CARRYOUT BAG: A bag that is furnished to a customer at a store at the point of sale for use by the customer to transport or carry purchased items, but excluding: a bag made of paper when the paper has a basis weight of 173 Town of Vail Page 8 30 pounds or less; a bag that a pharmacy provides to a customer purchasing prescription medication; a laundry, dry cleaning or garment bag; or a bag that a customer uses inside a store to package loose or bulk items, such as fruits, vegetables, nuts, grains, candy, greeting cards, small hardware, live insects, fish crustaceans, mollusk or other small species, bulk seed, livestock or pet feed, or to contain or wrap unwrapped prepared foods, meat, seafood, fish, flowers, potted plants or other items that, if they were to come into contact with other items, could dampen or contaminate the other items. CONTAINER: A receptacle upon which or inside which food may be placed for consumption, whether or not the receptacle can be fully closed, including hinged food containers, plates, bowls, and trays. FOOD: Any raw, cooked, or processed edible substance, ice, beverage, or ingredient used or intended for use or for sale, in whole or in part, for human consumption, but excluding a drug, as defined in C.R.S. § 25-5-402(9). GROCER: A retail business located in a permanent building containing at least 4,000 square feet of retail space, that operates year round as a full line, self-service market offering for sale staple foodstuffs, meats, produce or other perishable items for off-premises human consumption, but excluding businesses at which foodstuffs are an incidental part of the business. PLASTIC: A synthetic material made from linking monomers through a chemical reaction to create a polymer chain that can be molded or extruded at high heat into various solid forms that retain their defined shapes during their life cycle and after disposal. POINT OF SALE: A check-out stand, cash register, or other point in a store or retail food establishment at which a sales transaction occurs, or for products that are ordered remotely from a store or retail food establishment and delivered, the location where the products are delivered. RECYCLED PAPER CARRYOUT BAG: A paper carryout bag made from one hundred (100) percent recycled material or other post-consumer content. RETAIL FOOD ESTABLISHMENT: Has the meaning set forth in C.R.S. § 25-4-1602(14), except it does not include farmers’ markets and roadside markets as described in C.R.S. § 25-4-1602(14)(j). REUSABLE CARRYOUT BAG: A carryout bag that is designed and manufactured for at least one hundred twenty-five (125) uses, can carry at least twenty-two (22) pounds over a distance of one hundred seventy-five (175) feet, has stitched handles, and is made of cloth, fiber, or other fabric or recycled material such as polyethylene terephthalate (PET); excluding 174 Town of Vail Page 9 bags made of biologically based polymers such as corn or other plant sources; except that a carryout bag made of hemp is a reusable carryout bag if it is designed and manufactured in accordance with the above terms. SINGLE-USE PLASTIC CARRYOUT BAG: A carryout bag that is a single- use plastic product made predominantly of plastic derived from natural gas, petroleum, or a biologically based source, such as corn or other plant sources, and that is provided to a customer at the point of sale. STORE: A grocer, supermarket, convenience store, liquor store, dry cleaner, pharmacy, drug store, clothing store, or other type of retail establishment at which carryout bags are traditionally provided to customers, including a farmers’ market, roadside market or stand, festival, or other temporary vendor or event that includes temporary vendors. 5-13-3: CARRYOUT BAGS: (A) Commencing on the effective date of the ordinance codified in this Chapter, all stores shall charge the fee established by Section 5-13-4 for each carryout bag provided to a customer at any point of sale. Commencing on January 1, 2024, all stores and retail food establishments shall charge the fee established by Section 5-13-4 for each carryout bag provided to a customer at any point of sale. (B) Commencing on the effective date of the ordinance codified in this Chapter, no grocer shall provide a single-use plastic carryout bag to a customer at any point of sale. Commencing on January 1, 2024, no store or retail food establishment shall provide a single-use plastic carryout bag to a customer at any point of sale; provided that, until June 1, 2024, a store or retail food establishment may provide a single-use plastic carryout bag to a customer, for the fee established by Section 5-13-4, if the single-use plastic carryout bag was part of the inventory of the store or retail food establishment before January 1, 2024. (C) A retail food establishment is exempt from this Section if it prepares or serves food in individual portions for immediate on-premises or off- premises consumption and is not a grocer or convenience store. (D) This Chapter shall not prohibit a customer from using bags of any type that the customer brings into the store or retail food establishment, or from carrying away goods that are not placed in a bag. 5-13-4: CARRYOUT BAG FEE: (A) The carryout bag fee shall be $0.25 per carryout bag. (B) Stores shall record the number of recycled paper carryout bags and single-use plastic carryout bags provided to each customer and the total 175 Town of Vail Page 10 amount of the carryout bag fee charged to the customer on the customer transaction receipt. (C) No store may reimburse a customer for any part of the carryout bag fee, but stores may provide incentives for the use of reusable carryout bags through credits or rebates. (D) Each store shall conspicuously display a sign in a location inside or outside the store, which sign alerts customers about the carryout bag fee. (E) The carryout bag fee shall not apply to any customer that provides proof that they are a participant in a federal or state food assistance program. (F) A store may retain $0.15 of each carryout bag fee charged to be used for: (1) Providing educational information to customers; (2) Training staff in the implementation and administration of the carryout bag fee; (3) Improving or altering infrastructure to allow for the administration, collection, implementation and reporting of the carryout bag fee; and (4) Providing recycled paper carryout bags and reusable carryout bags to customers. (G) The remaining $0.10 of each carryout bag fee shall be paid to the Town, and the Town shall deposit all revenues from carryout bag fees in a designated waste reduction fund, to be used for: (1) Producing and providing reusable carryout bags to Town residents and guests; (2) Providing education and outreach campaigns to raise awareness about waste reduction, recycling and compost; (3) Funding programs and infrastructure that allow the community to reduce waste and recycle; (4) Purchasing and installing equipment designed to minimize waste pollution, including recycling containers and waste receptacles; (5) Funding community cleanup or collection events and other activities to reduce waste; 176 Town of Vail Page 11 (6) Maintaining a public website for the purpose of educating the Town’s residents and guests on waste reduction efforts; and (7) The administration of the carryout bag fee. (H) The carryout bag fee shall be paid pursuant to all applicable provisions of the Town’s sales tax code, including administration, collection and enforcement. The Town shall provide the necessary forms for stores to file individual returns with the Town to demonstrate compliance with this Chapter. Notwithstanding this method of collection, the carryout bag fee is not a tax. 5-13-5: RECORDS: (A) Each store shall maintain accurate and complete records of the carryout bag fees collected under this Chapter and the number of carryout bags provided to customers, and shall also maintain such books, accounts, invoices, or other documentation necessary to verify the accuracy and completeness of such records. All such documents and records shall be maintained for a period of three (3) years from the end of the calendar year of such records. (B) If requested, each store shall make the foregoing records available for inspection and audit by the Town during regular business hours so that the Town may verify compliance with this Chapter. 5-13-6: VIOLATION AND PENALTY: (A) It is unlawful to violate this Chapter. Each violation of this Chapter shall constitute a separate offense. (B) Violations of this Chapter shall be punishable as follows: (1) First violation in any calendar year: a fine of $50; (2) Second violation in the same calendar year: a fine of $100; and (3) Third or subsequent violation in the same calendar year: a fine of $300. Section 2. If any part, section, subsection, sentence, clause or phrase of this ordinance is for any reason held to be invalid, such decision shall not effect the validity of the remaining portions of this ordinance; and the 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. 177 Town of Vail Page 12 Section 3. The Council hereby finds, determines and declares that this ordinance is necessary and proper for the health, safety and welfare of the Town and the inhabitants thereof. Section 4. The amendment of any provision of the Town Code as provided in this ordinance shall not affect any right which has accrued, any duty imposed, any violation that occurred prior to the effective date hereof, any prosecution commenced, nor any other action or proceeding as commenced under or by virtue of the provision amended. The amendment of any provision hereby shall not revive any provision or any ordinance previously repealed or superseded unless expressly stated herein. Section 5. All bylaws, orders, resolutions and ordinances, or parts thereof, inconsistent herewith are repealed to the extent only of such inconsistency. This repealer shall not be construed to revise any bylaw, order, resolution or ordinance, or part thereof, theretofore repealed. Section 6. This ordinance shall take effect on January 1, 2023. INTRODUCED, READ ON FIRST READING, APPROVED, AND ORDERED PUBLISHED ONCE IN FULL ON FIRST READING this 6th day of December, 2022 and a public hearing for second reading of this Ordinance set for the 20th day of December, 2022, in the Council Chambers of the Vail Municipal Building, Vail, Colorado. _____________________________ Kim Langmaid, Mayor ATTEST: ____________________________ Stephanie Bibbens, Town Clerk READ AND APPROVED ON SECOND READING AND ORDERED PUBLISHED this ___ day of ______________, 2022. _____________________________ Kim Langmaid, Mayor ATTEST: ____________________________ Stephanie Bibbens, Town Clerk 178 1 12/14/2022 HTTPS://VAILCOGOV.SHAREPOINT.COM/SITES/TOVFILESHARE/SHARED DOCUMENTS/TOV FILES/ENVIRONMENTAL/PLASTIC BAGS/PLASTIC POLLUTION REDUCTION ACT/ORDINANCE NO. 23, SERIES OF 2022/ORDINANCE NO. 23, SERIES 2022 - 122022.DOCX ORDINANCE NO. 23 SERIES 2022 AN ORDINANCE REPEALING AND REENACTING CHAPTER 13 OF TITLE 5 OF THE VAIL TOWN CODE, REGARDING CARRYOUT BAG REQUIREMENTS AND FEES WHEREAS, the Town has a duty to protect the natural environment, the economy and health of its citizens and guests; WHEREAS, the Town is committed to environmental protection and stewardship; WHEREAS, reducing the use of disposable carryout bags has a positive impact on the local environment, including reducing pollution, greenhouse gas emissions, litter, harm to wildlife, water consumption, energy consumption and solid waste generation; WHEREAS, in March 2015, the Town Council adopted Ordinance No. 2, Series of 2015, which prohibited disposable plastic bags and required a charge for the use of disposable paper bags at grocers; WHEREAS, the Colorado Legislature has adopted the Plastic Pollution Reduction Act, which will impose a statewide carryout bag fee on January 1, 2023, and will prohibit distribution of single-use plastic carryout bags on January 1, 2024; and WHEREAS, the state legislation requires amendments to the Vail Town Code. NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO, THAT: Section 1. Title 5, Chapter 13 of the Vail Town Code is hereby repealed in its entirety and reenacted follows: CHAPTER 13: CARRYOUT BAGS 5-13-1: PURPOSE: The purpose of this Chapter is to protect the public health, safety and welfare by encouraging the use of reusable carryout bags and discouraging the use of disposable carryout bags. 5-13-2: DEFINITIONS: For purposes of this Chapter, the following terms shall have the following meanings: CARRYOUT BAG: A bag that is furnished to a customer at a store at the point of sale for use by the customer to transport or carry purchased items, 179 2 12/14/2022 HTTPS://VAILCOGOV.SHAREPOINT.COM/SITES/TOVFILESHARE/SHARED DOCUMENTS/TOV FILES/ENVIRONMENTAL/PLASTIC BAGS/PLASTIC POLLUTION REDUCTION ACT/ORDINANCE NO. 23, SERIES OF 2022/ORDINANCE NO. 23, SERIES 2022 - 122022.DOCX but excluding: a bag made of paper when the paper has a basis weight of 30 pounds or less; a bag that a pharmacy provides to a customer purchasing prescription medication; a laundry, dry cleaning or garment bag; or a bag that a customer uses inside a store to package loose or bulk items, such as fruits, vegetables, nuts, grains, candy, greeting cards, small hardware, live insects, fish crustaceans, mollusk or other small species, bulk seed, livestock or pet feed, or to contain or wrap unwrapped prepared foods, meat, seafood, fish, flowers, potted plants or other items that, if they were to come into contact with other items, could dampen or contaminate the other items. CONTAINER: A receptacle upon which or inside which food may be placed for consumption, whether or not the receptacle can be fully closed, including hinged food containers, plates, bowls, and trays. FOOD: Any raw, cooked, or processed edible substance, ice, beverage, or ingredient used or intended for use or for sale, in whole or in part, for human consumption, but excluding a drug, as defined in C.R.S. § 25-5-402(9). GROCER: A retail business located in a permanent building containing at least 4,000 square feet of retail space, that operates year round as a full line, self-service market offering for sale staple foodstuffs, meats, produce or other perishable items for off-premises human consumption, but excluding businesses at which foodstuffs are an incidental part of the business. PLASTIC: A synthetic material made from linking monomers through a chemical reaction to create a polymer chain that can be molded or extruded at high heat into various solid forms that retain their defined shapes during their life cycle and after disposal. POINT OF SALE: A check-out stand, cash register, or other point in a store or retail food establishment at which a sales transaction occurs, or for products that are ordered remotely from a store or retail food establishment and delivered, the location where the products are delivered. RECYCLED PAPER CARRYOUT BAG: A paper carryout bag made from one hundred (100) percent recycled material or other post-consumer content. RETAIL FOOD ESTABLISHMENT: Has the meaning set forth in C.R.S. § 25-4-1602(14), except it does not include farmers’ markets and roadside markets as described in C.R.S. § 25-4-1602(14)(j). REUSABLE CARRYOUT BAG: A carryout bag that is designed and manufactured for at least one hundred twenty-five (125) uses, can carry at 180 3 12/14/2022 HTTPS://VAILCOGOV.SHAREPOINT.COM/SITES/TOVFILESHARE/SHARED DOCUMENTS/TOV FILES/ENVIRONMENTAL/PLASTIC BAGS/PLASTIC POLLUTION REDUCTION ACT/ORDINANCE NO. 23, SERIES OF 2022/ORDINANCE NO. 23, SERIES 2022 - 122022.DOCX least twenty-two (22) pounds over a distance of one hundred seventy-five (175) feet, has stitched handles, and is made of cloth, fiber, or other fabric or recycled material such as polyethylene terephthalate (PET); excluding bags made of biologically based polymers such as corn or other plant sources; except that a carryout bag made of hemp is a reusable carryout bag if it is designed and manufactured in accordance with the above terms. SINGLE-USE PLASTIC CARRYOUT BAG: A carryout bag that is a single- use plastic product made predominantly of plastic derived from natural gas, petroleum, or a biologically based source, such as corn or other plant sources, and that is provided to a customer at the point of sale. STORE: A grocer, supermarket, convenience store, liquor store, dry cleaner, pharmacy, drug store, clothing store, or other type of retail establishment at which carryout bags are traditionally provided to customers, including a farmers’ market, roadside market or stand, festival, or other temporary vendor or event that includes temporary vendors. 5-13-3: CARRYOUT BAGS: (A) Commencing on the effective date of the ordinance codified in this Chapter, all stores shall charge the fee established by Section 5-13-4 for each carryout bag provided to a customer at any point of sale. Commencing on January 1, 2024, all stores and retail food establishments shall charge the fee established by Section 5-13-4 for each carryout bag provided to a customer at any point of sale. (B) Commencing on the effective date of the ordinance codified in this Chapter, no grocer shall provide a single-use plastic carryout bag to a customer at any point of sale. Commencing on January 1, 2024, no store or retail food establishment shall provide a single-use plastic carryout bag to a customer at any point of sale; provided that, until June 1, 2024, a store or retail food establishment may provide a single-use plastic carryout bag to a customer, for the fee established by Section 5-13-4, if the single-use plastic carryout bag was part of the inventory of the store or retail food establishment before January 1, 2024. (C) A retail food establishment is exempt from this Section if it prepares or serves food in individual portions for immediate on-premises or off- premises consumption and is not a grocer or convenience store. (D) This Chapter shall not prohibit a customer from using bags of any type that the customer brings into the store or retail food establishment, or from carrying away goods that are not placed in a bag. 5-13-4: CARRYOUT BAG FEE: 181 4 12/14/2022 HTTPS://VAILCOGOV.SHAREPOINT.COM/SITES/TOVFILESHARE/SHARED DOCUMENTS/TOV FILES/ENVIRONMENTAL/PLASTIC BAGS/PLASTIC POLLUTION REDUCTION ACT/ORDINANCE NO. 23, SERIES OF 2022/ORDINANCE NO. 23, SERIES 2022 - 122022.DOCX (A) The carryout bag fee shall be $0.25 per carryout bag. (B) Stores shall record the number of recycled paper carryout bags and single-use plastic carryout bags provided to each customer and the total amount of the carryout bag fee charged to the customer on the customer transaction receipt. (C) No store may reimburse a customer for any part of the carryout bag fee, but stores may provide incentives for the use of reusable carryout bags through credits or rebates. (D) Each store shall conspicuously display a sign in a location inside or outside the store, which sign alerts customers about the carryout bag fee. (E) The carryout bag fee shall not apply to any customer that provides proof that they are a participant in a federal or state food assistance program. (F) A store may retain $0.15 of each carryout bag fee charged to be used for: (1) Providing educational information to customers; (2) Training staff in the implementation and administration of the carryout bag fee; (3) Improving or altering infrastructure to allow for the administration, collection, implementation and reporting of the carryout bag fee; and (4) Providing recycled paper carryout bags and reusable carryout bags to customers. (G) The remaining $0.10 of each carryout bag fee shall be paid to the Town, and the Town shall deposit all revenues from carryout bag fees in a designated waste reduction fund, to be used for: (1) Producing and providing reusable carryout bags to Town residents and guests; (2) Providing education and outreach campaigns to raise awareness about waste reduction, recycling and compost; (3) Funding programs and infrastructure that allow the community to reduce waste and recycle; 182 5 12/14/2022 HTTPS://VAILCOGOV.SHAREPOINT.COM/SITES/TOVFILESHARE/SHARED DOCUMENTS/TOV FILES/ENVIRONMENTAL/PLASTIC BAGS/PLASTIC POLLUTION REDUCTION ACT/ORDINANCE NO. 23, SERIES OF 2022/ORDINANCE NO. 23, SERIES 2022 - 122022.DOCX (4) Purchasing and installing equipment designed to minimize waste pollution, including recycling containers and waste receptacles; (5) Funding community cleanup or collection events and other activities to reduce waste; (6) Maintaining a public website for the purpose of educating the Town’s residents and guests on waste reduction efforts; and (7) The administration of the carryout bag fee. (H) The carryout bag fee shall be paid pursuant to all applicable provisions of the Town’s sales tax code, including administration, collection and enforcement. The Town shall provide the necessary forms for stores to file individual returns with the Town to demonstrate compliance with this Chapter. Notwithstanding this method of collection, the carryout bag fee is not a tax. 5-13-5: RECORDS: (A) Each store shall maintain accurate and complete records of the carryout bag fees collected under this Chapter and the number of carryout bags provided to customers, and shall also maintain such books, accounts, invoices, or other documentation necessary to verify the accuracy and completeness of such records. All such documents and records shall be maintained for a period of three (3) years from the end of the calendar year of such records. (B) If requested, each store shall make the foregoing records available for inspection and audit by the Town during regular business hours so that the Town may verify compliance with this Chapter. 5-13-6: VIOLATION AND PENALTY: (A) It is unlawful to violate this Chapter. Each violation of this Chapter shall constitute a separate offense. (B) Violations of this Chapter shall be punishable as follows: (1) First violation in any calendar year: a fine of $50; (2) Second violation in the same calendar year: a fine of $100; and (3) Third or subsequent violation in the same calendar year: a fine of $300. 183 6 12/14/2022 HTTPS://VAILCOGOV.SHAREPOINT.COM/SITES/TOVFILESHARE/SHARED DOCUMENTS/TOV FILES/ENVIRONMENTAL/PLASTIC BAGS/PLASTIC POLLUTION REDUCTION ACT/ORDINANCE NO. 23, SERIES OF 2022/ORDINANCE NO. 23, SERIES 2022 - 122022.DOCX Section 2. If any part, section, subsection, sentence, clause or phrase of this ordinance is for any reason held to be invalid, such decision shall not effect the validity of the remaining portions of this ordinance; and the Council hereby declares it would have passed this ordinance, and each part, section, subsection, sentence, clause or phrase thereof, regardless of the fact that any one or more parts, sections, subsections, sentences, clauses or phrases be declared invalid. Section 3. The Council hereby finds, determines and declares that this ordinance is necessary and proper for the health, safety and welfare of the Town and the inhabitants thereof. Section 4. The amendment of any provision of the Town Code as provided in this ordinance shall not affect any right which has accrued, any duty imposed, any violation that occurred prior to the effective date hereof, any prosecution commenced, nor any other action or proceeding as commenced under or by virtue of the provision amended. The amendment of any provision hereby shall not revive any provision or any ordinance previously repealed or superseded unless expressly stated herein. Section 5. All bylaws, orders, resolutions and ordinances, or parts thereof, inconsistent herewith are repealed to the extent only of such inconsistency. This repealer shall not be construed to revise any bylaw, order, resolution or ordinance, or part thereof, theretofore repealed. Section 6. This ordinance shall take effect on January 1, 2023. INTRODUCED, READ ON FIRST READING, APPROVED, AND ORDERED PUBLISHED ONCE IN FULL ON FIRST READING this 6th day of December, 2022 and a public hearing for second reading of this Ordinance set for the 20th day of December, 2022, in the Council Chambers of the Vail Municipal Building, Vail, Colorado. _____________________________ Kim Langmaid, Mayor ATTEST: ____________________________ Stephanie Bibbens, Town Clerk READ AND APPROVED ON SECOND READING AND ORDERED PUBLISHED this ___ day of ______________, 2022. _____________________________ Kim Langmaid, Mayor ATTEST: ____________________________ 184 7 12/14/2022 HTTPS://VAILCOGOV.SHAREPOINT.COM/SITES/TOVFILESHARE/SHARED DOCUMENTS/TOV FILES/ENVIRONMENTAL/PLASTIC BAGS/PLASTIC POLLUTION REDUCTION ACT/ORDINANCE NO. 23, SERIES OF 2022/ORDINANCE NO. 23, SERIES 2022 - 122022.DOCX Stephanie Bibbens, Town Clerk 185 From:Alison Wadey To:Council Dist List; Russell Forrest; Kathleen Halloran Cc:Kristen Bertuglia Subject:Plastic Bag Fee Feedback Date:Tuesday, December 20, 2022 11:59:10 AM Hello Town Council Members, I am sorry for the late email from the VCBA but it is tough getting businesses to respond to me this time of year due to them being completely focused on their business and our guests leading into the holiday. I wanted to reach out regarding the Plastic Bag Polidies you are deciding on today and ask that you take the following feedback into consideration in your discussions. I have a couple concerns from businesses below and then some copied and pasted email responses I received as well from retail and food establishments. The number one issue businesses are faced with this decision is the timing of it. It could not be any worse in our resort town to implement a change like this the first week in January. Our businesses are barely hanging on as it is between hours worked, employee shortages and burn out, teaching new employees each day on POS and operations, as well as dealing with a demanding high-end customer, and LOTS of them. Asking small businesses to now shake up their POS system and implement new policies and practices right after January 1st is unfair and not practical. This is an off-season April/May initiative if we actually want to do it right and without a lot of push-back. The second issue is that the carryout bag fee is really only going to affect a certain sector of our businesses. Those that do carry out from fine dining establishments will not notice the charge but the majority of those ordering carry out are our more budget-conscious consumers who are already stretching to vacation here and taking on the financials of a vacation of this sort. These are also the customers that review and participate in online platforms concerning our businesses. Tacking on a carry out fee I fear will not go over well in the minds of many of our guests and look like another way for "Vail '' to nickel and dime their customers. The businesses who have to charge this fee will feel the backlash the most and this could also hurt them on social media platforms such as Google and Yelp. Thirdly, expecting our guests to bring reusable bags or expecting our hotels and STR managers to provide them is wishful thinking and not at all realistic. It is noble in theory that those travelers will have the foresight to bring their own bags but I would think maybe only 10% will actually do that. And that is a generous guess. The Town needs a plan in place, as it did with the grocery store bag initiative, and provide those bags to hand out to lodges, Property Managers, and the establishments that will be providing carry out to help ease the burden on businesses to have to educate our guests on this new policy. Here is some feedback from businesses as well: "I don’t like taxing our guests anymore than we do. They’re on vacation and aren’t bringing their own shopping bags. I know when I go on vacation I don’t pack anymore than the clothes I need." "The lodges go through trash bags, which is a whole different matter and would be an issue 186 that a fee and a paper bag can't resolve at the moment" "I’m for the new ordinance (might have even been for higher cost at the supermarket stores… $.35), but that comes from someone who has already adopted and adjusted to bringing my own bags to supermarkets/retail stores over the past 7 years…original rule has certainly changed my shopping behavior, which is a good thing and intended. I certainly don’t fully appreciate the costs our restaurants/retail may incur but do believe it’s time for those who have not to make the change but starting after the season may be a better way to do it." "I am a little on the fence, paper bags cost 4 times more and go in and out of stock quite a bit as other states have implemented similar laws. This is a little ironic since the TOV will not let you cut down a tree without approval and replacement. I understand that they want to eliminate all bags in the future but what destination guest, or any guest for that matter, will bring a tote to go shopping at Gorsuch or pick up to-go food. They do make biodegradable plastic bags now. TOV needs to research all facets of the community and have solutions when this all comes to a head." Thank you for your time and consideration in reading this email. Please reach out with any questions or concerns, and if you would like to discuss further. I am always available to each of you, my cell number is below and is the best way to reach me. Happy Holidays to each of you and your families! Cheers to 2023! Best, Alison Wadey Alison C. Wadey Executive Director Vail Chamber & Business Association 241 South Frontage Road Suite 2 Vail, CO 81657 Office: (970) 477-0075 Mobile: (970) 376-1661 www.vailchamber.org Community-Inspired Guest Experience 187 AGENDA ITEM NO. 7.2 Item Cover Page DATE:December 20, 2022 TIME:15 min. SUBMITTED BY:Carlie Smith, Finance ITEM TYPE:Public Hearings AGENDA SECTION:Public Hearings SUBJECT:Ordinance No. 24, Series of 2022, Second Reading, An Ordinance Making Budget Adjustments to the Town of Vail General Fund, Capital Projects Fund, Real Estate Transfer Tax Fund, Housing Fund, Residences at Main Vail Fund, Heavy Equipment Fund of the 2022 Budget for the Town of Vail, Colorado; and Authorizing the said Adjustments as Set Forth Herein; and Setting Forth Details in Regard Thereto SUGGESTED ACTION:Approve, approve with amendments or deny Ordinance No. 24, Series of 2022 upon second reading. PRESENTER(S):Carlie Smith, Finance Director VAIL TOWN COUNCIL AGENDA ITEM REPORT ATTACHMENTS: 221220 4th Supp- 2nd Reading.pdf 188 TO: Vail Town Council FROM: Finance Department DATE: December 20, 2022 SUBJECT: Fourth Supplemental Appropriation of 2022 I. SUMMARY During Tuesday evening’s session, you will be asked to approve the second reading of Ordinance No. 24 making supplemental appropriations and adjustments to the 2022 budget. II. DISCUSSION General Fund Changes to the budget supplemental request from the first reading General Fund The first reading of this supplemental included a $160,000 increase in attorney and legal fees. Staff is requesting an additional $70,000 for a total supplemental request of $230,000 for increased attorney hours and legal fees due to increased litigation and overall activity at the town such as contract negotiations and real estate purchases/sales. During 2022, the town has experienced a high volume of employee turnover over, over and above an average year. In addition, the employee recruitment process has overall become more competitive and costly. Staff is requesting $25,000 to cover the increased costs of recruitment. Capital Project Fund Staff is requesting $6,000 to procure an artist to design the Pepi’s Plaza memorial. The project was budgeted in 2020 but was delayed as part of the COVID-19 budget reductions. The 2nd supplemental included a transfer from the Capital Projects to the Housing Fund to establish the beginning balance of the Housing Fund that was previously only accounted for on a budget basis. With the passing of the dedicated housing sales tax the Housing Fund is now considered its own fund for both budget and financial reporting purposes according to Government Accounting Standards. This supplemental reflects a decrease in the transfer of $180,002 to true up the beginning balance based on the final 2021 audited financial statements. 189 - 2 - Real Estate Transfer Tax Fund In October, Council approved a project for landscaping improvements at Donovan Pavilion redesigning the existing lawn area between the pavilion and the park’s picnic shelter to create separate sections for the users of the two facilities. The total contract was approved for $56,934 and proposed to utilize the current budget for this project of $35,000 plus $22,000 of savings from the park capital maintenance budget. Since then, the park capital maintenance budget was spent down and does not have enough savings to cover the overage of $22,000. Instead, staff is requesting to supplement $22,000 for this project. This project was delayed and is set to begin in the Spring of 2023. The total project budget will be rolled forward during the 1st supplemental of 2023. Housing Fund During the 2nd supplemental, a placeholder of $4,600,000 was allocated within the Housing Fund to be available for various housing programs and purchases throughout the year. This supplemental reflects the allocation of those funds for two new units that will be resold in a Community Lottery, Vail Heights condo #10 ($548,000), and North Trail Townhomes Unit D ($307,000). This supplemental also reflects an increase in revenue of $419,000 for the sale of the Vail Heights unit. The sale of the North Trail townhome is expected during the summer of 2023 and will be reflected in a 2023 supplemental. During 2022, the town will have purchased four units totaling $2,464,277 for the buy-down program to be resold through the community lottery process. The estimated net cost to the housing fund town is $469,000. The town also purchased 13 units with Capital Project Fund funds that were added to the Town of Vail employee rental pool totaling $9,128,000. Repeated from the 1st Reading on December 6th General Fund In total, budgeted revenues in the General Fund will be increased by $1,153,739. This includes $525,000 in loading and delivery permit fees that will go towards funding the annual cost of $1,374,000 for the program. Revenue adjustments also include a $110,371 increase in the Real Estate Transfer Tax (RETT) collection fee, (a 5% administrative fee paid to the General Fund). The fee increase corresponds with the increase in RETT revenue collected year to date (see below increase in RETT). The remaining $518,368 of revenue adjustments that will be offset by corresponding expenditures include:  $15,200 of rent revenue from the newly purchased and leased employee housing units which will be offset by HOA dues and master lease payments.  A total of $493,575 in state reimbursements for deployments to 20 separate wildfires, with $351,575 of that covering the town’s personnel and travel costs and $141,998 for use of town vehicles and equipment during wildfire deployments.  $9,595 use of Friends of the Library funds for the Storywalk, Champagne Celebration, Senior Luncheon, Oral History presentation, and the annual Fall Appeal. General Fund expenditures are proposed to increase by $989,681 of which $518,368 will be reimbursed listed above. The remaining $471,313 includes:  $50,000 to contract with a grant writer specifically for future housing project grants.  $8,400 towards the Steward Vail project for work beyond the original scope.  $160,000 for attorney fees. During 2022, attorney hours increased due to litigation and overall activity at the town.  $36,000 for annual costs of electric vehicle (EV) station management and maintenance. This includes parts and labor warranties, technical support, on-site repairs when needed, and access to the admin dashboard. 190 - 3 -  $40,000 for branding and marketing the new parking system approved by Council during the October 4th Council meeting.  $37,200 for the Vail Village Inn order to pay legal fees.  $127,813 increase in expenditures in the General Fund offset by a reduction of expenditures from the Capital Projects Fund for annual maintenance costs for the Synexis air filtering systems. This has no net effect on the total budget. The adjustments in the General Fund also reflect a reduction in expenditures of $135,000 which will be offset by an increase in expenditures in the Capital Projects Fund for both loading and delivery program capital asset purchases such as refrigerators and shelving ($125,000) in addition to a new fire hose ($10,000). The above adjustments to the General Fund 2023 budget result in an estimated fund balance of $49.8 million by the end of 2023, or 90% of annual revenues in a normal year. Capital Projects Fund Budgeted revenues will be adjusted by a decrease of $835,000 offset by an increase of $1,926,215. Based on year-to-date collections, use tax is being reduced by $835,000. YTD collections total $1,946,012, down 45% compared to the prior year when construction use tax was significantly higher due to several large residential projects and the construction of the new Marriott Residence Inn. The 2022 amended construction use tax budget totals $1,965,000. The $1,926,215 of revenues adjustments include the following and will be directly offset by corresponding expenditures:  A $1,814,882 state grant to go towards the purchase two electric buses ($2,200,000). These buses are included in the 2024 budget but are requested to move forward to be ordered this year for delivery in 2024. Both the expenditure and grant revenue will later be re-appropriated in the 2023 budget.  $61,333 total reimbursement from Eagle County and the Town of Avon towards the shared Special Operation Unit robot, “Stanley”. The total cost of the SOU robot is $92,000 and is being split equally across the three entities.  $50,000 reimbursement from the Vail Local Marketing District for the new Welcome Center displays ($200,000). Both the reimbursement and the expenditures were originally budgeted in the Real Estate Transfer Tax Fund. This has no impact on the total budget. Staff is requesting to increase expenditures by a total of $2,873,688 of which $2,492,000 relates to expenditures corresponding to the reimbursements mentioned above. The remaining $974,130 includes:  $297,000 for an oversize turnaround at Bighorn Rd approved by Council during the September 9th meeting. This will also utilize savings of $211,000 within the capital street maintenance annual budget.  $128,000 for parking signage approved by Council October 4th.  $101,500 annual cost for the Axon body-worn camera system originally approved as part of the 2021 budget as a five-year commitment that was left out of the original 2022 Budget in error.  $125K for capital asset purchases to support the loading and delivery program. Initially, the total cost of this program was budgeted in the General Fund. The General Fund reflects a corresponding decrease, and this adjustment will have no net effect on the total budget. 191 - 4 -  A reduction of $127,813 is reflected in the budget to offset the increase in the General Fund for operating and maintenance costs of the town’s Synexis air filtration system. This has a net zero effect on the overall budget.  $3,500 is requested to cover the increased annual costs of project THOR (internet fiber infrastructure).  $15,000 is requested for additional cabling needed for the new parking system.  $10,000 for the redevelopment of the Sole Power App on the town’s new website platform.  $25,000 for overall increases across the town’s software systems.  $2,000 towards the increased engineering costs for the underground Holy Cross project proposed as part of the 2023 budget. The Capital Projects Fund also reflects a $3,000 transfer to the Residences at Main Vail for an arbitrage compliance audit required by law. All of the above adjustments will result in an estimated fund balance of $15.1 million by the end of 2023. Real Estate Transfer Tax (RETT) Fund Budgeted revenues will be adjusted by an increase of $2,220,495. The majority of the increase is an adjustment of $2,207,414 to real estate transfer tax based on year-to-date collections. The town has begun to see a slowdown in real estate sales however collections have been boosted by the sale of the Four Seasons and the Sitzmark. Year-to-date collections total $9.3M compared to an annual budget of $7.5M. To correspond with the increase in revenue, an additional $110,371 of real estate transfer tax collection fees will be paid to the General Fund. The additional $13,081 of revenue adjustments includes utilizing $8,915 of bag fee revenue to offset the increased cost of $10,915 for Clean Up Day and $4,166 of grant revenue from local organizations used to purchase Sole Power program prizes. Total revenue will also be decreased by $50,000 to shift the Vail Local Marketing District reimbursement for the Welcome Center displays along with the expenditures of $200,000 to the Capital Projects Fund. Staff is requesting to supplement expenditures by a total of $512,084 of which will be offset by a $200,000 decrease in expenditures to transfer the Welcome Center Display project to the Capital Project Fund. Of the total $512,084 requested, $125,452 corresponds to the reimbursements above. The remainder includes the following:  $50,000 of additional Fire Free Five program funds to support the higher-than- anticipated community participation.  $216,000 for the Vail Recreation District golf course greens project.  $16,593 for the increased costs of the Front Ranger program. The town’s total 2022 contribution towards this program is $49,593.  A re-appropriation of $104,040 from 2021 for solar at the new Public Works shops building The RETT fund also reflects the use of $20,000 of recreation path maintenance project savings towards additional landscaping expenditures at the new Booth Heights trailhead restroom due to unanticipated underground water conditions. The above adjustments will result in an estimated fund balance of $6.6 million at the end of 2023. 192 - 5 - Housing Fund During the 2nd supplemental, a placeholder of $4,500,000 was allocated within the Housing Fund to be available for various housing programs and purchases throughout the year. This supplemental reflects the allocation of those funds for specific projects including $50,000 for surveying, appraisal, and legal costs of the East Vail parcel, $600,000 of additional funds to purchase the East Vail parcel from the Colorado Department of Transportation (total cost of $2,600,000), and $195,000 for a geotechnical study at the western half of Timber Ridge Apartments. The Housing Fund also reflects an additional $313,000 of the 0.5% dedicated housing sales tax. A total of $4,813,000 is forecasted in the 2022 amended budget to fund community housing projects and programs. Lastly, the Housing Fund reflects $46,000 of housing fees-in-lieu of collections allocated towards future buydown funds. The above adjustments will result in an estimated fund balance of $504,531 at the end of 2023. Residences at Main Vail Fund The Residences at Main Vail budget reflects an increase of $3,000 in total expenditures for annual arbitrage compliance audit fees on the new construction bonds. This will be offset by a transfer from the Capital Projects Fund. Heavy Equipment Fund Budgeted revenue will be adjusted by $53,611 insurance reimbursement for a vehicle that was destroyed by a vehicle fire. These funds will be used to purchase a new truck at a total cost of $62,555. Budgeted adjustments also include an increase of $243, 850 in expenditures to order a new Type 6 Brush Truck in 2022 and to be delivered in 2023. Council approved this purchase earlier this year. III. ACTION REQUESTED FROM COUNCIL Approve, approve with amendments or deny Ordinance No. 24, Series 2022 upon second reading. 193 2022 1st 2022 2nd 2022 4th 2022 Budget Supplemental Amended Supplemental Amended Supplemental Amended Revenue Local Taxes:30,700,000$ 7,200,000$ 37,900,000$ 2,050,000$ 39,950,000$ 39,950,000$ Sales Tax Split b/t Gen'l Fund & Capital Fund 62/38 62/38 62/38 62/38 Sales Tax 19,034,000 4,466,000 23,500,000 1,271,000 24,771,000 24,771,000 Property and Ownership 6,014,631 6,014,631 50,000 6,064,631 6,064,631 Ski Lift Tax 5,448,196 100,000 5,548,196 725,000 6,273,196 6,273,196 Franchise Fees, Penalties, and Other Taxes 1,693,618 1,693,618 98,000 1,791,618 1,791,618 Licenses & Permits 2,186,704 2,186,704 100,000 2,286,704 525,000 2,811,704 Intergovernmental Revenue 2,350,723 265,000 2,615,723 570,188 3,185,911 603,944 3,789,855 Transportation Centers 6,608,758 550,000 7,158,758 600,000 7,758,758 7,758,758 Charges for Services 1,071,297 1,071,297 1,071,297 1,071,297 Fines & Forfeitures 206,566 206,566 206,566 206,566 Earnings on Investments 200,000 200,000 200,000 200,000 Rental Revenue 1,119,843 17,336 1,137,179 1,137,179 15,200 1,152,379 Miscellaneous and Project Reimbursements 251,000 53,934 304,934 20,400 325,334 9,595 334,929 Total Revenue 46,185,336 5,452,270 51,637,606 3,434,588 55,072,194 1,153,739 56,225,933 Expenditures Salaries 23,041,583 1,275,000 24,316,583 (265,698) 24,050,885 251,125 24,302,010 Benefits 8,075,454 250,000 8,325,454 2,496 8,327,950 100,450 8,428,400 Subtotal Compensation and Benefits 31,117,037 1,525,000 32,642,037 (263,202) 32,378,835 351,575 32,730,410 7.9% Contributions and Welcome Centers 284,611 284,611 284,611 284,611 Chilcare Program Funding 250,000 250,000 250,000 250,000 All Other Operating Expenses 9,036,237 718,452 9,754,689 749,842 10,504,531 589,706 11,094,237 Heavy Equipment Operating Charges 2,816,503 2,816,503 2,816,503 2,816,503 Heavy Equipment Replacement Charges 971,764 971,764 971,764 971,764 Dispatch Services 652,938 652,938 652,938 652,938 Total Expenditures 45,129,090 2,243,452 47,372,542 486,640 47,859,182 941,281 48,800,463 Surplus (Deficit) from Operations 1,056,246 3,208,818 4,265,064 2,947,948 7,213,012 212,458 7,425,470 One-Time Items: Federal Grants ARP Transit Grant (Operating)- 337,234 337,234 337,234 337,234 CRRSAA Transit Grant (Operating)1,658,768 - 1,658,768 1,658,768 1,658,768 American Rescue Plan Grant - 1,170,000 1,170,000 1,170,000 1,170,000 American Rescue Plan Initiatives (585,000) (585,000) (1,170,000) (1,170,000) (1,170,000) Planning Projects Destination Stewardship Mgmt Plan (100,000) (100,000) (200,000) (30,000) (230,000) (8,400) (238,400) Vail 2050 Plan (50,000) - (50,000) (50,000) (50,000) Civic Area/Dobson Master Plan (200,000) - (200,000) (200,000) (200,000) West Vail Master Plan (225,000) - (225,000) (5,478) (230,478) (230,478) Contributions Funded with Reserves Vail Chapel (500,000) - (500,000) (500,000) (500,000) Mountain Travel Symposium (158,000) - (158,000) (158,000) (158,000) Net Increase /(Decrease) due to One- Time Items: (159,232) 822,234 663,002 (35,478) 627,524 (8,400) 619,124 TOWN OF VAIL 2022 PROPOSED AMENDED BUDGET SUMMARY OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE GENERAL FUND 619 4 Transfer to Marketing & Special Events Fund (2,490,600) 73,515 (2,417,085) (8,000) (2,425,085) (2,425,085) Transfer to Other Funds - - - (291,938) (291,938) (291,938) Surplus (Deficit) Net of Transfers and One-Time Items (1,593,586) 4,104,567 2,510,981 2,612,532 5,123,513 204,058 5,327,571 Beginning Fund Balance 39,981,996 44,426,118 44,426,118 44,426,118 Ending Fund Balance 38,388,410$ 46,937,099$ 49,549,631$ 49,753,689$ As % of Annual Revenues 83%91%90%88% EHOP balance included in ending fund balance - not spendable 1,223,500$ 122,738$ 1,346,238$ 1,346,238$ 1,346,238$ 719 5 Changes since 1st Reading 1st 2022 2nd 2022 3rd 2022 4th 2022 2022 Supplemental Amended Supplemental Amended Supplemental Amended Supplemental Amended Total Sales Tax Revenue:30,700,000$ 7,200,000$ 37,900,000$ 2,050,000$ 39,950,000$ 39,950,000$ 39,950,000$ 2022: Adjusted for 2022 YTD thru April through November flat with 2021 Actuals; December down 5% Sales Tax Split between General Fund & Capital Fund 62/38 62/38 62/38 62/38 62/38 Sales Tax - Capital Projects Fund 11,666,000$ 2,734,000$ 14,400,000$ 779,000$ 15,179,000$ 15,179,000$ 15,179,000$ Sales tax split 62/38 Use Tax 2,800,000 2,800,000 2,800,000 2,800,000 (835,000) 1,965,000 2022: Decrease use tax based on YTD collections; Based on 5-year average with Park Meadows Project Construction Fees / Traffic Impact Fees - 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 2022: Re-appropriate $1.5M traffic impact fee for Frontage Rd project Franchise Fee 204,000 204,000 204,000 204,000 204,000 1% Holy Cross Franchise Fee approved in 2019; 2022-2035 based on 2% annual increase Federal Grant Revenue - 1,650,000 1,650,000 1,650,000 1,650,000 1,650,000 2022: Allocation from Hickenlooper/Bennet federal grant award for two additional electric buses Other County Revenue - 351,000 351,000 351,000 351,000 111,333 462,333 2022: $61.3K from Eagle County and Town of Avon for shared cost of SOU; $50K from VLMD towards WC displays; $351K from ERWSD for Frontage Road Improvements project Other State Revenue - 2,364,149 2,364,149 2,364,149 2,364,149 1,814,882 4,179,031 2022: $1.8M CDOT grant towards two electric buses; $2.1M CDOT grant for four electric buses; $255.7K CDOT grant for four electric bus chargers; $6K ARP library grant for additional book drop; $36K grant for electric car charging infrastructure Lease Revenue 164,067 164,067 164,067 164,067 164,067 Per Vail Commons commercial (incr. every 5 years); adjusted to remove residential lease revenue ($38K) Employee Rental Housing Sales 295,000 295,000 295,000 295,000 Sale of Vail Heights #7 (purchased in 2015) Project Reimbursement - 15,000 15,000 15,000 15,000 15,000 2022: $15K reimbursement from Vail Health for new bus stop included in Frontage Rd project, and $351K ERWSD reimbursement for Frontage Rd. project; 2021: $60K Vail Health Reimbursement for Frontage Rd Improvements project, ; $1.5M from traffic impact fee from Vail Health for Vail Health/ Frontage Road Project; Timber Ridge Loan repayment 463,043 463,043 463,043 463,043 463,043 2021: Payoff of TR Loan (originally budgeted to be paid off in 2028) Earnings on Investments and Other 112,865 112,865 112,865 112,865 112,865 2021: 0.7% returns assumed on available fund balance Total Revenue 15,409,975 8,614,149 24,024,124 1,074,000 25,098,124 - 25,098,124 1,091,215 26,189,339 Facilities Facilities Capital Maintenance 489,500 6,000 495,500 495,500 495,500 (137,813) 357,687 2022: Decrease facilities maint budget by $127.8K for Synexis operating costs (to be paid by GF); Transfer $10K of facilities capital to Donovan Pavilion for upgrades and capital maint.; $6K for additional library book drop at Safeway (reimbursement above); Fire Station interior paint ($35K), Fire Stations Radiant tube replacement ($25K); Library Skylight maintenance ($150K), PW roof repairs ($50K), Phase 3 of transit center skylight replacement ($50K); 2021: garage door replacements ($50K), PW boiler replacement ($20K), 2nd phase of transit center skylight replacement ($50K), Buzzard Park repairs ($41K) Municipal Complex Maintenance 835,000 714,407 1,549,407 1,549,407 1,549,407 1,549,407 2022: Re-appropriate $714.4K for Municipal and Comm Dev Building Remodel; Replace HR heat system ($100K); 2021: Muni Admin air handlers ($225K), $373K for Muni/PD air handlers and Council Chamber remodel; $25K for Community Development workspace improvements; Transfer $22.8K to Donovan Pavilion; 2021 includes Admin Upper level system installation ($175K), PD Stucco patching and painting ($40K), PD wood siding replacement ($30K); Public Works Building Maintenance - 300,000 300,000 300,000 300,000 300,000 2022: $300K to replace two HVAC units at Public Works Welcome Center/Grandview Capital Maintenance 25,000 100,000 125,000 125,000 125,000 200,000 325,000 2022: $100K Furniture replacement in Vail Village Welcome Center; $200K DSP educational displays in the Lionshead and Vail Village Welcome Centers; $50K reimbursement from the VLMD Employee Rental Units - - 3,088,649 3,088,649 8,000,000 11,088,649 11,088,649 $8.0M for TOV Employee Rental Unit Purchases; Transfer 2022 Employee Rental Units purchases to Capital Fund Employee Rental Capital Maint - - 25,000 25,000 25,000 25,000 Transfer 2022 Capital Main budget for town owned rental units to Capital Fund Snowmelt Boilers Replacement 500,000 867,129 1,367,129 1,367,129 1,367,129 1,367,129 2021-2023: Re-appropriate for replacement of TRC 8 electric boilers (2 per year) Donovan Pavilion Remodel - 5,000 5,000 5,000 5,000 10,000 15,000 2022:Final Donovan Pavilion upgrades; 2021: Remodel and Upgrades to Pavilion; Relocation of HVAC system; Transfer $10K of facilities capital to Donovan Pavilion for upgrades and capital maint Public Works Shops Expansion - 1,827,316 1,827,316 1,827,316 1,827,316 1,827,316 Expansion and remodel of the Public Works shop complex as outlined in an updated public works master plan (previously completed in 1994). The plan will ensure shop expansions will meet the needs of the department and changing operations; 2019-2020: Phase I includes demo and reconstruction of a two story streets building; retaining wall construction, new cinder building, relocation of the green house building, and a vertical expansion allowance for future building options. Lease financing in 2021 included below. Total Facilities 1,849,500 3,819,852 5,669,352 3,113,649 8,783,001 8,000,000 16,783,001 72,187 16,855,188 Parking Parking Structures 785,000 376,429 1,161,429 1,161,429 1,161,429 1,161,429 2020-2035: Various repairs including deck topping replacement, expansion joint repairs, ventilation, HVAC, plumbing and other structural repairs Oversized Parking Area 2,000,000 100,000 2,100,000 2,100,000 2,100,000 2,100,000 2022: $100K for Design and survey costs for new oversized parking area; $2.0M placeholder for Construction of surface parking lot Parking Entry System / Equipment - 1,510,410 1,510,410 1,510,410 1,510,410 1,510,410 2021: Re-appropriate $1.2M for a new parking system; $312K for 5 year up front cost of subscription software Red Sandstone Parking Structure (VRA)- 23,855 23,855 23,855 23,855 23,855 2022: Re-appropriate $23.8K to build fence at parking structure Lionshead Parking Structure Landscape Renovations (VRA) - 30,291 30,291 30,291 30,291 30,291 2022: complete landscaping at the Lionshead parking structure ($30.3K); resealing and concrete replacement Total Parking 2,785,000 2,040,985 4,825,985 - 4,825,985 - 4,825,985 - 4,825,985 TOWN OF VAIL 2022 PROPOSED AMENDED BUDGET SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE CAPITAL PROJECTS FUND 8 19 6 Changes since 1st Reading 1st 2022 2nd 2022 3rd 2022 4th 2022 2022 Supplemental Amended Supplemental Amended Supplemental Amended Supplemental Amended TOWN OF VAIL 2022 PROPOSED AMENDED BUDGET SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE CAPITAL PROJECTS FUND Transportation Bus Shelters 30,000 30,000 30,000 30,000 30,000 Bus shelter annual maintenance; 2020 includes Lionshead transit center Westbound Bus shelter Replace Buses - 7,650,000 7,650,000 7,650,000 7,650,000 2,200,000 9,850,000 2022: 2 electric buses ordered in 2023 to be delivered in 2024 ($2.2M); Move forward $6M from 2023 budget to purchase 6 electric buses; $1.65M for 2 more electric buses paid by Hickenlooper federal grant dollars; 2021: Re- appropriate $3.5M for buses ordered in 2020 with delivery in 2021; Traffic Impact Fee and Transportation Master Plan Updates - 306,785 306,785 75,000 381,785 381,785 381,785 2022: $75K for big data analysis and public outreach on Transp. Master Plan update project. Municipal and Comm Dev Building Remodel; Replace HR heat system ($100K) Hybrid Bus Battery Replacement - 165,000 165,000 165,000 165,000 165,000 2022: Scheduled replacement placeholder; Estimated life of 6 years; While batteries are passed their lifecycle replacement has not been needed as of yet Electric bus chargers and electrical service rebuild - 402,675 402,675 30,000 432,675 432,675 432,675 2022: Supplement $30K to include W Vail Fire Station charging station and 5 year subscription. Re-appropriate $147K for electric bus infrastructure; $255K additional funding from CDOT grant; 2021:$1.3M to continue to construct electric bus charging station and electrical service infrastructure at Lionshead and Vail Village Transit centers; $1.1M in grant revenue will offset cost of this project Total Transportation 30,000 8,524,460 8,554,460 105,000 8,659,460 8,659,460 2,200,000 10,859,460 Road and Bridges Capital Street Maintenance 1,405,000 1,405,000 (25,000) 1,380,000 1,380,000 (211,000) 1,169,000 2022: Transfer $211K to Bighorn Rd oversize turnaround; Transfer $25K to bridge repairs. On-going maintenance to roads and bridges including asphalt overlays, patching and repairs; culverts; 2022/2023 includes asphalt and mill overlay ($575K) Street Light Improvements 75,000 219,369 294,369 294,369 294,369 294,369 Town-wide street light replacement Slifer Plaza/ Fountain/Storm Sewer - 71,417 71,417 71,417 71,417 71,417 2022: Re-appropriate $71.4K for water quality vault ongoing repairs Vail Health / TOV Frontage Road improvements - 3,387,820 3,387,820 3,387,820 3,387,820 3,387,820 2022: VH plans for expansion; Improvements would span from LH Parking structure to Municipal building; $6.0M funded by VRA in 2021, Traffic impact fee ($1.5M), Timing of this project is pending the Civic Center Master Plan Neighborhood Bridge Repair - 100,000 100,000 25,000 125,000 125,000 125,000 2022: Transfer $25K from Street Mtce to cover bridge repairs Move forward $100K from 2023 budget to begin design of Bighorn Rd Bridge rails and culvert replacement; $800K budgeted for construction in 2023 Seibert Fountain Improvements - 27,888 27,888 27,888 27,888 27,888 2022: Final payments for Fountain software system and valve upgrades at Seibert Fountain Bighorn Rd oversize Turnaround - - - - 297,000 297,000 2022: Construction of oversized turnaround at Bighorn Rd approved by Council on September 9th Roundabout Lighting Project - 50,000 50,000 50,000 50,000 50,000 2022: Move forward $50K to design roundabout lighting project. The 2023 budget includes $2.5M and proposes to install new lighting at the West Vail and Vail Town Center roundabouts. Current light poles will be replaced with 30' LED light poles and would incorporate smart transportation equipment such as traffic cameras Neighborhood Road Reconstruction - 1,463,175 1,463,175 1,463,175 1,463,175 1,463,175 2022: Re-appropriate $1.5M for East Vail road Major Drainage Improvements construction Vail Village Streetscape/Snowmelt Replacement - 1,250,000 1,250,000 1,250,000 1,250,000 1,250,000 Replacement of 18 yr. old streetscape and snowmelt infrastructure in Vail Village Total Road and Bridge 1,480,000 6,569,669 8,049,669 - 8,049,669 - 8,049,669 86,000 8,135,669 Technology Town-wide camera system 30,000 30,000 60,000 60,000 60,000 60,000 $30K Annual maintenance Audio-Visual capital maintenance 150,000 150,000 (53,250) 96,750 96,750 96,750 2022: Reduce audio visual budget for annual operating cost for security camera software support; Re-assessment and update of A/V and videoconferencing solutions town-wide ($132K); '$18K annual maintenance / replacement of audio- visual equipment in town buildings such as Donovan, Municipal building, Grand View, LH Welcome Center; 2021: $100K Welcome Center video wall replacement; Document Imaging 50,000 50,000 50,000 50,000 50,000 Annual maintenance, software licensing, and replacement schedule for scanners and servers includes $2.5K for Laserfiche Software Licensing 700,000 700,000 700,000 700,000 25,000 725,000 Annual software licensing and support for town wide systems Hardware Purchases 75,000 75,000 75,000 75,000 75,000 2021-2025: $75K for workstation replacements (20-25 per year); 2021: Time Clock Replacement ($125K); workstation replacements ($50K); Website and e-commerce 60,000 10,000 70,000 70,000 70,000 10,000 80,000 2022-2026: Annual website maintenance ($60K); 2022: $10K increase for Sole Power app; $10K Re-appropriation to continue website migration to Granicus; 2021: $50K for new Vailgov.com website framework and website upgrades; Internet security & application interfaces; website maintenance $12K; Vail calendar $24K; domain hosting $15K; web camera streaming service $24K; Fiber Optics / Cabling Systems in Buildings 50,000 575,000 625,000 625,000 625,000 15,000 640,000 2022-2025: $15K for additional cabling for new parking system; Repair, maintain & upgrade cabling/network Infrastructure $50K; $575K re-appropriation to add additional fiber infrastructure to connect critical IT equipment locations including the Village parking structure; the Muni Building; LH Parking Structure; and the West Vail Fire Station Network upgrades 30,000 25,000 55,000 55,000 55,000 55,000 2022: Re-appropriate $25K for delayed wireless devices unable to order during 2021; Computer network systems - replacement cycle every 3-5 years; Data Center (Computer Rooms)155,000 155,000 155,000 155,000 155,000 2021: $125K for data center equipment annual maint; Re-appropriate $73.4K to continue Data Center remodel; $30K annual maintenance; 2022: Includes $125K for Data Center equipment annual maint agreement (2 year agreement) Broadband (THOR)94,800 94,800 94,800 94,800 3,500 98,300 2021-2024: $94.8K annual broadband expenses, potential future revenues Business Systems Replacement - 55,000 55,000 55,000 55,000 55,000 2022: HR Performance mgmt. system ($55K) Total Technology 1,394,800 695,000 2,089,800 (53,250) 2,036,550 - 2,036,550 53,500 2,090,050 9 19 7 Changes since 1st Reading 1st 2022 2nd 2022 3rd 2022 4th 2022 2022 Supplemental Amended Supplemental Amended Supplemental Amended Supplemental Amended TOWN OF VAIL 2022 PROPOSED AMENDED BUDGET SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE CAPITAL PROJECTS FUND Public Safety Public Safety System / Records Mgmt. System (RMS) 25,000 11,000 36,000 36,000 36,000 36,000 $25K Annual capital maintenance of "County-wide "Computer Aided Dispatch/Records Mgmt. System";2022: Includes $11.0K for PD Brazos system Public Safety IT Equipment 25,000 25,000 25,000 25,000 25,000 Annual Maint/Replacement of PD IT Equipment including patrol car and fire truck laptops and software used to push information to TOV and other agencies; TOV portion of annual Intergraph software maintenance; Public Safety Equipment 74,305 5,000 79,305 16,823 96,128 96,128 193,500 28 9,628 2022 $101.5K for body worn camera system; $92K for SOU robot; $16.8K Police equipment for patrol cars; $5K increased cost of barriers; Gas masks ($14.5K), Livescan systems ($16.5K); PD truck sign ($13K), 2 additional event barriers ($30.7K); 2021: Replacement of body worn camera program and storage software mgmt. system, tasers, and holsters; $101.5K per year for body worn camera system Fire Safety Equipment - 25,000 25,000 25,000 25,000 10,000 35,000 2022:Re-appropriate Wildland personnel protection equipment ($25K); $10K for a new fire hose Thermal Imaging Cameras 12,000 12,000 12,000 12,000 12,000 For the purchase of 3 cameras (2019,2020,2022) which will allow firefighters to see through areas of smoke, darkness, or heat barriers Fire Station Alert System 230,000 230,000 230,000 230,000 230,000 2022: Fire Station Alerting System to improve response times. This system will work with the Dispatch system and the timing is being coordinated with Eagle River Fire. Deferred $198K from 2020 Fire Truck Replacement 1,700,000 880,000 2,580,000 166,300 2,746,300 2,746,300 2,746,300 2022: Move $166.3K from 2023 to order Type 6 Brush truck to be delivered in 2023; Re-appropriate $880K for replacement of Engine I purchased in 2011 (Truck was ordered in 2021 but unable to be delivered); Replacement of Ladder truck (aerial apparatus) purchased in 2000 ($1.7M) Total Public Safety 2,066,305 921,000 2,987,305 183,123 3,170,428 - 3,170,428 203,500 3,373,928 Community and Guest Service Children's Garden of Learning Temporary Facility Relocation - 255,545 255,545 70,000 325,545 325,545 325,545 2022: $70K increase budget for final clean-up and east side improvements of lot. Re-appropriate $255K for final costs; 2021: $2.7M for temporarily relocation of the Children's Garden of Learning Pepi's Memorial - - - - 6,000 6,000 $6K for artist design of Pepi's Memorial in Pepi's Plaza Loading and Delivery Capital - - - - 125,000 125,000 Capital asset purchases to support the loading and delivery program Energy Enhancements - 97,294 97,294 97,294 97,294 97,294 2022: Re-appropriate $61.3K for Electric car charges and infrastructure at various town locations; $36K new grant for electric infrastructure Pedestrian Safety Enhancements - 25,000 25,000 25,000 25,000 25,000 2022: $25K for planning and design for lighting replacement project budgeted in 2022 ($1.4M) Civic Area Redevelopment - 100,000 100,000 100,000 100,000 100,000 2022: $100K to explore outcomes of the Civic Center Master Plan such as feasibility studies / design (includes $50K for Dobson structural engineering study and $50K for preliminary Lot 10 park design) Underground Utility improvements - 15,459 15,459 15,459 15,459 2,500 17,959 2022:$18.0K to finalize Big Horn underground utility project Guest Services Enhancements/Wayfinding - 24,307 24,307 24,307 24,307 128,000 152,307 2022: Begin design process for new wayfinding signage budgeted in 2024 ($24.3K); $128K for parking signage Timber Ridge Redevelopment - - 50,000 50,000 50,000 50,000 Placeholder for Timber Ridge Redevelopment Vehicle Expansion 434,500 40,000 474,500 20,000 494,500 494,500 494,500 2022: $20K use of Police seizure funds for purchase of K-9 vehicle; Re-appropriate $40K for new PD detective take- home vehicle unable to order in 2021; 5 (of 12) vehicles for PD take-home program, detective take-home vehicle; fire inspector vehicle, wildland crew vehicle Total Community and Guest Service 434,500 557,605 992,105 140,000 1,132,105 - 1,132,105 261,500 1,393,605 Total Expenditures 10,040,105 23,128,571 33,168,676 3,488,522 36,657,198 8,000,000 44,657,198 2,876,687 47,533,885 Other Financing Sources (Uses) Debt Service Payment (1,155,712) (1,155,712) (1,155,712) (1,155,712) (1,155,712) Debt Payment for PW Shops Transfer from Vail Reinvestment Authority 50,000 2,182,146 2,232,146 70,000 2,302,146 2,302,146 2,302,146 2022: $70K for CGL boulder wall; $30.3K LH parking structure landscaping; $1.5M reimbursement for Frontage Rd roundabout; $256K to complete new CGL building; $23K for Red Sandstone parking structure safety fence; $350K LH electric snowmelt boiler; $50K LH parking capital maint; 2021: $229K for LH transit center bus stop; $30.3K reappropriation for LH transit landscape improvements; $30K for Red Sandstone landscaping; VH plans for expansion; Improvements would span from LH Parking structure to Municipal building; $6.0M funded by VRA; Lionshead Parking Structure $50K; CGL Temp Facility $2.73M Transfer to Residences at Main Vail - (6,144,204) (6,144,204) (6,144,204) (6,144,204) (3,000) (6,147,204) Transfer to Residences at Main Vail Fund Transfer to Housing Fund (2,500,000) (1,420,000) (3,920,000) (4,112,704) (8,032,704) (8,032,704) 180,002 (7,852,702) 2022: $2.5M InDeed; 2021: Transfer to Housing Fund; 2.5M per year; $2.0M for RMV Opportunity fee; $5.4M Transfer for HF Beginning balance for FS Transfer from General Fund - - 20,000 20,000 20,000 20,000 Transfer from Police Seizure Funds to cover K-9 vehicle ($20K) Total Other Financing Sources and Uses (3,605,712) (5,382,058) (8,987,770) (4,022,704) (13,010,474) - (13,010,474) 177,002 (12,833,472) Revenue Over (Under) Expenditures 1,764,158 (19,896,480) (18,132,322) (6,437,226) (24,569,548) (8,000,000) (32,569,548) (1,608,470) (34,178,018) Beginning Fund Balance 34,827,888 49,406,514 49,406,514 49,406,514 49,406,514 Ending Fund Balance 36,592,046 31,274,192 24,836,966 16,836,966 15,228,496 10 19 8 Changes since 1st Reading 1st 2022 2nd 2022 3rd 2022 4th 2022 2022 Supplemental Amended Supplemental Amended Supplemental Amended Supplemental Amended Real Estate Transfer Tax 7,500,000$ 7,500,000$ 7,500,000$ 7,500,000$ 2,207,414$ 9,707,414$ 2022: Based on 5-year average; 2023-2035: 2% annual increase Golf Course Lease 171,700 171,700 171,700 171,700 171,700 Annual lease payment from Vail Recreation District; annual increase will be based on CPI; New rate effective 2020 with lease signed in 2019; Rent income funds the "Recreation Enhancement Account" below Intergovernmental Revenue 20,000 350,000 370,000 40,000 410,000 410,000 (50,000) 360,000 2022: $50K transfer VLMD reimbursement for Welcome center display; $40K from Eagle County for wildfire mitigation; $20K lottery proceeds; 1st Supplemental: $50K reimbursement from VLMD for Welcome Center displays; $300K re-appropriation from ERWSD for Dowd Junction retaining wall; 2021: $300K Reimbursement from ERWSD for Dowd Junction retaining wall project; $20K lottery proceeds Project Reimbursements 101,200 101,200 101,200 101,200 101,200 2022: VRD reimbursement for annual Synexis, $90K reimbursement from the VLMD for DSMP Welcome Center displays (see project below); 2021: VRD Reimbursement for annual Synexis Maint. Donations - 42,433 42,433 42,433 42,433 4,166 46,599 2022: $4.2K Sole power donations; 1st Supplemental: $10K donation from Doe Browning for Winterfest; $32.4K unused East West donation for Ford Park art space; 2021: $35.8K unused donation from East West for Ford Park art space Recreation Amenity Fees 10,000 10,000 10,000 10,000 10,000 2021: $75K of additional recreation amenity fees based on YTD collections; 10K annually Earnings on Investments and Other 132,460 132,460 25,000 157,460 157,460 8,915 166,375 2022: $8.9K bag fee for Clean-up day; $25K use of bag fees for waster intern and programming. Corresponding expense below. 2021 $4.5K use of Sole Power grants towards participant prizes; $7.5K IAFC grant to be used towards fire chipping program; $7.9K use of bag fee for recycling banner swag; $32K Clean Up Day ; 2021-2035: 0.7% interest rate assumed Total Revenue 7,935,360 392,433 8,327,793 65,000 8,392,793 - 8,392,793 2,170,495 10,563,288 Management Fee to General Fund (5%)375,000 375,000 375,000 375,000 110,371 485,371 5% of RETT Collections - fee remitted to the General Fund for administration Wildland Forest Health Management 556,393 556,393 34,072 590,465 590,465 590,465 Transfer from GF for wages/benefits; Operating budget for Wildland Fire crew; 2022 includes additional 2.3FTE Wildfire Mitigation 25,000 25,000 40,000 65,000 65,000 65,000 2022: $40K mitigation paid for by Eagle County. Implementation of Fuels Reductions projects and potential geological hazard study to update CWPP. NEPA for East Vail Hazardous Fuels Reduction 50,000 49,000 99,000 99,000 99,000 99,000 Complete the NEPA analysis for the East Vail Hazardous Fuels Reduction Project. This is a project which council has already voted to support, it consists of hazardous fuels reduction on USFS lands from East Vail to Red Sandstone Road; $49K increase in estimated NEPA costs as approved by Council Fire Free Five - Rebate program 150,000 150,000 150,000 150,000 150,000 Cost share program for Vail citizens implementing Fire Wise Wildfire Camera Pilot Program Placeholder 25,000 25,000 25,000 25,000 $25K increase to participate in wildfire camera pilot program Fire Free Five - TOV Implementation - 100,000 100,000 100,000 200,000 200,000 50,000 250,000 2022: $50K of addition funds for Fire Free Five program; Move forward $100K from 5 year plan to mitigate all TOV facilities; Fire Free Five- TOV facilities Total Wildland 631,393 299,000 930,393 199,072 1,129,465 - 1,129,465 50,000 1,179,465 Parks Annual Park and Landscape Maintenance 2,135,540 5,000 2,140,540 51,814 2,192,354 2,192,354 2,192,354 2022: $51.8K Transfer from GF for salaries/benefits; Ongoing path, park and open space maintenance, project mgmt.; Town Trail Host volunteer program ($16,000); $5K for propane for winter outdoor heating Village Holiday Lighting Design 185,000 185,000 185,000 185,000 185,000 2022: This includes the costs of a consultant to assist the town in identifying alternative holiday decorations from traditional trees decoration; purchase two pre-lit trees for Vail Village and Lionshead as an alternative to decoration live trees Park / Playground Capital Maintenance 125,000 35,000 160,000 50,000 210,000 210,000 5,000 215,000 2022: $5K for increased expenditures for Ellefson sidewalks; $50K to replace playground equipment at 4 parks. $35K sidewalk repair to Ellefson Park sidewalks to coincide with turf project; Annual maintenance items include projects such as playground surface refurbishing, replacing bear-proof trash cans, painting/staining of play structures, picnic shelter additions/repairs, and fence maintenance;2021: $125K annual Maint; Re-appropriate $76K for heater in Ford Park restrooms ($46K) and to transfer $30K to Stephen's park to complete project Mayors Park Capital Maintenance 50,000 50,000 50,000 50,000 50,000 2022: Replace flagstone at Mayors Park Tree Maintenance 75,000 75,000 75,000 75,000 75,000 On going pest control, tree removal and replacements in stream tract, open space, and park areas Street Furniture Replacement 85,000 85,000 85,000 85,000 85,000 Annual street furniture replacement Village Landscape Enhancements 50,000 50,000 50,000 50,000 50,000 Landscaping Enhancements of areas identified in Vail Village for potential future sculptural placement Covered Bridge Pocket Park Rehabilitation - - - - - 2021: $111.1K complete Pocket Park rehabilitation Stephens Park Safety Improvements - 35,821 35,821 35,821 35,821 35,821 2022: Re-appropriate $35.8K for interpretive signage, playground equipment, and landscaping; 2021: $63.2K for Stephens Park safety improvements; transfer $30 from park capital maint Ford Park Master Plan 150,000 (44,201) 105,799 95,000 200,799 200,799 200,799 2022: Moving forward with master plan update - $95K increase due to higher costs; Council approved contract with WRT 6/22. Reduce $47K moved up in 2021 budget from 2022; re-appropriate 2.3K; Master Plan Revisions/Updates to address several proposed modifications including the Vail Nature Center, an indoor tennis/pickleball facility, BFAG expansion, conversion of fields to turf Ford Park- Betty Ford Way Pavers 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 2022: Construction of new concrete unit paver roadway, new steel guardrail, stream walk intersection improvement, and landscaping improvements. This project would be coordinated with BFAG TOWN OF VAIL 2022 PROPOSED AMENDED BUDGET SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE REAL ESTATE TRANSFER TAX 1119 9 Changes since 1st Reading 1st 2022 2nd 2022 3rd 2022 4th 2022 2022 Supplemental Amended Supplemental Amended Supplemental Amended Supplemental Amended TOWN OF VAIL 2022 PROPOSED AMENDED BUDGET SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE REAL ESTATE TRANSFER TAX Ford Park Enhancement: Priority 3 Landscape area - 5,946 5,946 5,946 5,946 5,946 2022: $5.9K for landscaping at the Nature Center bridge; 2021: $75K for landscaping around playground ad basketball court Ford Park Playground Improvements - 200,000 200,000 200,000 200,000 200,000 2022: Safety Improvements to the Ford Park play area including wooden bridge to boulder area, expansion to toddler area, ADA upgrades, and replacement of a safety net ($200K) Ford Park Lighting Control System 180,000 180,000 180,000 180,000 180,000 2022: Replacement of Ford Park lighting control system (discontinued by the manufacturer). Current system is over 10 yrs. Old Sunbird Park Fountain Repairs - 3,430 3,430 3,430 3,430 3,430 2022: Re-appropriate $3.4K for final bills; 2021: $15K Installation of Clear Comfort advanced oxidation commercial pool sanitation system to water safe for kids Vail Transit Center Landscape - 32,817 32,817 32,817 32,817 32,817 2022: $32.8K for completion of landscaping at Vail transit center Turf Grass Reduction 150,000 49,862 199,862 199,862 199,862 199,862 2022: $150K Continuation of turf reduction at Ellefson park, turf replacement at TM residences and Red Sandstone Underpass; $41K increase in cost over estimate; $8.7K re-appropriation; 2021: $10K Begin turf reduction project at Ellefson park Kindell Park/Mill Creek - 149,862 149,862 149,862 149,862 149,862 2022: Improvements to heavily worn stream tract between Hanson Ranch Rd and Pirateship park Donovan Park Improvements 35,000 35,000 35,000 35,000 22,000 57,000 2022: Relandscaping on Donovan Park parking lot islands Gore Creek Promenade Rehabilitation 370,000 370,000 370,000 370,000 370,000 2022: Planning, design, and rehabilitation of the Gore Creek Promenade caused by excessive guest visitation. Project would include expansion of heated paver walkways, ground-level wood picnic deck, artificial lawn area, landscape enhancements, and a stream walk connection to the Covered Bridge Pocket Park Total Parks 4,790,540 473,537 5,264,077 196,814 5,460,891 - 5,460,891 27,000 5,487,891 Rec Paths and Trails Rec. Path Capital Maint 159,717 159,717 159,717 159,717 (20,000) 139,717 2021: Re-appropriate $74K for amphitheater bridge railings and decking; $85K for annual Capital maintenance of the town's recreation path system; 2022: Use of $20K of rec path maint for Booth Creek Trailhead restroom Bike Safety 15,000 15,000 15,000 15,000 15,000 $15K annual cost for bike safety programs Bike Path Signage 35,000 35,000 35,000 35,000 35,000 2022-2023: Bike Path Signage: Enhancement of existing trail signage to improve etiquette, safety and wayfinding Pedestrian Bridge Projects 400,000 400,000 400,000 400,000 400,000 2022-2027: Systematic rehabilitation or replacement of 5 pedestrian bridges. 2022: Donovan Park, Pedestrian Overpass; Gore Valley Trail Bridge Replacement (ERWSD)40,000 40,000 40,000 40,000 40,000 2022: Design and planning for Gore Valley Trail Bridge replacement (ERWSD) Gore Valley Trail Fence Replacement at Dowd Junction - 50,000 50,000 50,000 50,000 50,000 2022: Replace wood fence along Gore Valley Trail in Dowd Junction in conjunction with CDOT wildlife fence project East Vail Interchange Improvements - 209,443 209,443 209,443 209,443 209,443 2022: Re-appropriate $253K to continue East Vail interchange project Dowd Junction repairs and improvements - 799,155 799,155 799,155 799,155 799,155 2022: Continue Re-stabilization of Dowd Junction retaining wall ($799.2K); Repairs to culverts, drainage, and preventative improvements; project in cooperation with Eagle River Water and Sanitation; offset with reimbursement of $300K reimbursement from ERWSD Booth Lake Trailhead Parking Restroom 375,000 63,950 438,950 438,950 438,950 20,000 458,950 2022: Installation of permanent restroom at Booth Lake trailhead for hikers; $20K from Rec path maint Total Rec Paths and Trails 984,717 1,162,548 2,147,265 - 2,147,265 2,147,265 -2,147,265 Recreational Facilities Nature Center Operations 106,187 106,187 106,187 106,187 106,187 Nature Center operating costs(Contract with Walking Mountains) Nature Center Capital Maintenance 38,690 55,165 93,855 93,855 93,855 93,855 2022: Re-appropriate $55K placeholder for nature center maint and repairs; Wood siding and trim repairs ($11.4K), open rail fencing replacement ($13.4K) Nature Center Redevelopment - 383,522 383,522 383,522 383,522 383,522 2022: $383.5K for further planning and design for a nature center remodel Library Landscape and reading area 100,000 100,000 100,000 100,000 100,000 2022: Exterior landscaping and site work enhancements for an outdoor reading area Total Recreational Facilities 244,877 438,687 683,564 - 683,564 - 683,564 -683,564 Environmental Environmental Sustainability 651,505 651,505 42,966 694,471 694,471 10,915 705,386 Annual operating expenditures for Environmental department (4.25 FTEs); includes $40K for Clean up day, professional dues to organizations such as CC4CA, Climate Action Collaborative, etc.; $12k Sustainability intern, $10K Waste Education Intern paid for with bag fees; $20.9K transfer from GF for salary/benefits; $10.9K of additional funds for Clean-up Day Recycling and Waste Reduction Programs 240,000 20,320 260,320 15,000 275,320 275,320 275,320 2022: Use $15K bag fee collections for waste intern, reusable bags and market compost program. Re-appropriate $20.3K for pilot compost program through April 2022; Actively Green($40K), Ball Cup Program ($30K), Bus Recycling Challenge ($13K), C&D Pilot ($5K), Green Team ($2.5M), Love Vail website ($20K), Recycling hauls($25K), Compost Program Phase 2 ($45K), Farmers Market Zero Hero ($42K); Recycling Education ($17.5K); 2021: Green Team ($2.5K), Eagle County Recycling Hauls ($25K), Zero Hero ($25K), Actively Green ($40K); Recycling Education ($30K); Ecosystem Health 321,500 321,500 216,700 538,200 538,200 16,593 554,793 2022: $175K placeholder for Dowd Junction wildlife crossing (parnership with CDOT); $14.7K for CO Communities for Climate Action retreat and $27K for partnership with Zinc Media for Sustainable Travel; Add $17.0K for Front ranger program; 2021: Wildlife Forum ($2.5K), CC4CA ($3K); Biodiversity Study ($50K), Sustainable Destination ($30K), Trees for Vail ($5K), USFS Forest Service Ranger Program ($33K); Wildlife Habitat Improvements ($100K); 2022: CC4A ($3K), Biodiversity Study ($150K), Strategic Plan ($10K), SD Contract ($18K), Trees for Vail ($5K), USFS Front Ranger Program ($33K), Wildlife Habitat Improvements ($102.5K) 12 20 0 Changes since 1st Reading 1st 2022 2nd 2022 3rd 2022 4th 2022 2022 Supplemental Amended Supplemental Amended Supplemental Amended Supplemental Amended TOWN OF VAIL 2022 PROPOSED AMENDED BUDGET SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE REAL ESTATE TRANSFER TAX Energy & Transportation 55,000 34,049 89,049 89,049 89,049 4,166 93,215 2022: $25K for Solar feasibility study; $8K EV planning and analysis; Energy Smarts ($40K), Sole Power ($7.5K), Energy Outreach Programs ($7.5K); 2021: Continue E-Bike pilot program ($25K), Energy Smart Partnership ($40K), Sole Power ($7.5K); $4.2K use of donations for Sole Power prizes; 2021: E-bike pilot program research ($25K); Annual expenditures: Energy Smart Colorado partnership contract ($40K); Sole Power coordination ($7.5K); 2021-2024: Energy Smart Partnership contract ($40K), Sole Power (7.5K) E-Bike Programs 193,000 193,000 193,000 193,000 193,000 Town of Vail E-bike share program ($175K); E-Bike Ownership Model Program ($18K) Streamtract Education/Mitigation 50,000 50,000 50,000 50,000 50,000 2022: $50K annual streamtract education programming such as "Lunch with Locals" landscape workshops, City Nature Challenge and storm drain art; 2021 also includes $20K re-appropriation for additional education Water Quality Infrastructure 300,000 1,716,541 2,016,541 2,016,541 2,016,541 2,016,541 2022: Re-appropriate for water quality infrastructure; $300K for snow dump cleanout and West Vail drainage grate replacement; 2021: Continue water quality improvement to Gore Creek; Stormwater site specific water and water quality construction projects as part of "Restore the Gore"; 2021: $1.0M plus $750K deferred from 2020 Streambank Mitigation 100,000 25,000 125,000 125,000 125,000 125,000 2021-2024 Continuation of Riparian Site specific construction projects for Water Quality Strategic Action Plan ($648.3K) includes 2018 grant awards continued in 2020 for GoCo grant ($39K) and Fishing is Fun grant ($30K)- See carryforward of grant revenue above. Private Streambank Mitigation Program 150,000 150,000 150,000 150,000 150,000 Private streambank mitigation program funding placeholder East Vail Water Quality TAPS - - 2019: Completion of East Vail Water Quality Improvements Booth Heights Open Space - - - 12,000,000 12,000,000 12,000,000 Offer to Vail Resorts for the purchase of the Booth Heights Parcel Gore Creek Interpretive Signage 175,000 50,000 225,000 225,000 225,000 225,000 2022: $225K for watershed map and installation at the Gore Creek Promenade; 2021: Re-appropriate $150.8K for Gore Creek Interpretive signage project Welcome Center Educational Displays 150,000 50,000 200,000 200,000 200,000 (200,000) - DSP educational displays in the Lionshead and Vail Village Welcome Centers; $50K reimbursement from the VLMD; Transfer this project to the CPF PW Solar Project - - - - 104,040 104,040 2022: $104.0K re-appropriation from 2021 for final solar payments; 2021: Installation of solar panels at Public Works Shops deferred from 2020; Ford Park Amphitheater Solar Panels 100,000 100,000 100,000 100,000 100,000 2022: 50/50 cost share with the VVF for roof solar panels Total Environmental 2,486,005 1,895,910 4,381,915 274,666 4,656,581 12,000,000 16,656,581 (64,286) 16,592,295 Art Public Art - Operating 136,586 136,586 2,694 139,280 139,280 139,280 $2.7K Transfer from GF for salary/benefits; Art in Public Places programming and operations Public Art - General program / art 60,000 368,960 428,960 428,960 428,960 428,960 To purchase sculptures, artwork, art programs and events; remainder is re-appropriated each year to accumulate enough funds; $618K Re-appropriation less $250K AIPP fund used towards Ford Park Art Studio Public Art - Winterfest 30,000 34,746 64,746 64,746 64,746 64,746 2022: $64.7K for annual Winterfest programming Seibert Memorial Statue - 12,692 12,692 12,692 12,692 12,692 2022: $12.7K for Pete Seibert Memorial statue maintenance Art Space 850,000 32,259 882,259 882,259 882,259 882,259 2022: Design phase for Ford Park art space- see corresponding donation from East West above; 2022: $850K Rebuilding of designated Art Space Studio in Ford Park using $250K of existing AIPP funds Total Art 1,076,586 448,657 1,525,243 2,694 1,527,937 - 1,527,937 -1,527,937 Community Council Contribution: Betty Ford Alpine Garden Support 74,649 74,649 74,649 74,649 74,649 Annual operating support of the Betty Ford Alpine Gardens; annual increase to follow town's general operating annual increase Council Contribution: Eagle River Watershed Support 42,000 42,000 42,000 42,000 42,000 Annual support of the Eagle River Watershed Council programs Council Contribution: Adopt A Trail 17,500 17,500 17,500 17,500 17,500 Adopt A Trail Council Contribution for trails in or bordering the Town Council Contribution: Eagle Valley Land Trust 5,000 5,000 5,000 5,000 5,000 Eagle Valley Land Trust Council Contribution Total Contributions 139,149 -139,149 - 139,149 - 139,149 -139,149 VRD-Managed Facilities & Maintenance Recreation Enhancement Account 171,700 711,665 883,365 883,365 883,365 883,365 Annual rent paid by Vail Recreation District; to be re-invested in asset maintenance ($168,317) Recreation Facility Maintenance - 22,000 22,000 22,000 22,000 22,000 2022: Annual $22K for general RETT facility maintenance; $11.2K Synexis Maint Golf Clubhouse - 9,496 9,496 70,000 79,496 79,496 79,496 2022: Exterior paint & stain ($24K), Sewage and roof forensic study ($8K), placeholder for repairs and maint as result of the study ($47.5K) Athletic Field Restroom/Storage Building 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 2022: Placeholder for the replacement of existing restroom/concession with new 2000 sq. ft. restroom/storage building Golf Course - Other 41,273 328,478 369,751 369,751 369,751 216,000 585,751 2022: $216K for golf course greens project; VRD shared cost for 1st hole Timber Path planking ($38.0K), asphalt repairs ($3.3K); 2021: $216K for golf course green project; Re-appropriate $590K for golf course maintenance scheduled in 2020 but not completed; course streambank restoration ($73.8K), maintenance building, HVAC unit ($17.7K), maintenance building heater ($8.9K), maint. building furnace ($9.8M) Dobson Ice Arena 30,514 584,242 614,756 614,756 614,756 614,756 2022: Rockwall Repairs ($12.8M), concrete walkways ($17.7K); 2021: Re-appropriate $110.7K for paver and roof repairs; Changing Rooms ($78.8), windows replacement ($74.3), heat pumps ($6.3K), rebuild of electrical system ($144.2K), boiler room upgrades ($55K), steel gate ($14.3K), exterior lighting ($22.9), exterior wood trim ($9.3K); Repairs to exterior doors ($80.0K) Ford Park / Tennis Center Improvements 37,934 137,576 175,510 175,510 175,510 175,510 2022: Wood Siding ($3.9K); Concession/Restroom siding ($12.9K); Drainage-previously budgeted in 2023 ($13.3K); Exterior Doors- previously budgeted in 2023 ($4.6K); 2021: $141K for golf course maintenance scheduled in 2020 but not completed; Repair exterior doors ($9.6K); replace furnace, hot water tank, baseboards ($47.8K), replace windows ($24K); Pickleball Feasibility Study ($10K) Athletic Fields 123,510 115,716 239,226 239,226 239,226 239,226 2022: Grading and drainage repairs ($136.9K), paint wood trim ($4.5K), paint wood structure ($6.8K); '2021: Coat exterior gypsum board ($3.7K), Repaved parking lot ($8K), Irrigation System ($100K) Gymnastics Center 47,550 235,239 282,789 282,789 282,789 282,789 2022: Restroom remodel ($42.6K); 2021: Cooling system Total VRD-Managed Facilities & Maintenance 1,452,481 2,144,412 3,596,893 70,000 3,666,893 - 3,666,893 216,000 3,882,893 13 20 1 Changes since 1st Reading 1st 2022 2nd 2022 3rd 2022 4th 2022 2022 Supplemental Amended Supplemental Amended Supplemental Amended Supplemental Amended TOWN OF VAIL 2022 PROPOSED AMENDED BUDGET SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE REAL ESTATE TRANSFER TAX Total Expenditures 12,180,749 6,862,751 19,043,500 743,246 19,786,746 12,000,000 31,786,746 339,085 32,125,831 Other Financing Sources (Uses) Transfer from General Fund - - 109,546 109,546 - 109,546 109,546 Transfer from GF for RETT department salary and benefits Revenue Over (Under) Expenditures (4,245,389) (6,470,318) (10,715,707) (568,700) (11,284,407) (12,000,000) (23,284,407) 1,831,410 (21,452,997) Beginning Fund Balance 17,380,340 28,077,540 28,077,540 28,077,540 28,077,540 Ending Fund Balance 13,134,952$ 17,361,833$ 16,793,133$ 4,793,133$ 6,624,543$ 14 20 2 2022 1st 2022 2nd 2022 4th 2022 Budget Supplemental Amended Supplemental Amended Supplemental Amended Revenue Housing Sales Tax -$ 4,075,000$ 4,075,000$ 425,000$ 4,500,000$ 313,000$ 4,813,000$ Housing Fee in Lieu Annual Collections - -- 46,000 46,000 Transfer in from Capital Projects Fund 2,500,000 1,420,000 3,920,000 (1,420,000) 2,500,000 2,500,000 Workforce Housing Sales - - 1,270,000 1,270,000 419,000 1,689,000 Total Revenue 2,500,000 5,495,000 7,995,000 275,000 8,270,000 778,000 9,048,000 Expenditures Housing Programs InDeed Program 2,500,000 694,334 3,194,334 3,194,334 3,194,334 Buy Down Housing - 25,609 25,609 25,609 46,000 71,609 Future Purchases - 100,000 100,000 4,500,000 4,600,000 (1,700,000) 2,900,000 Vail Heights Condo #10 - - - 548,000 548,000 North Trail Townhome Unit D - - - 307,000 307,000 Pitkin Creek 12-L unit - - 976,288 976,288 976,288 Chamonix unit B - - 634,940 634,940 634,940 TOV Employee Housing Pitkin Creek 5-P unit - 535,000 535,000 (535,000) - - Buffehr Creek Condo #4 (Meadow)- 830,000 830,000 (830,000) - - East Vail Lodging Unit #16 - 565,000 565,000 (565,000) - - Employee Housing Capital Maintiance - 25,000 25,000 (25,000) - - Construction Housing Projects Residences at Main Vail Opportunity Fee - 2,000,000 2,000,000 2,000,000 2,000,000 Timber Ridge Redevelopment - -- 195,000 195,000 Land Purchases for future Housing East Vail CDOT Parcel - 2,000,000 2,000,000 2,000,000 650,000 2,650,000 Total Expenditures 2,500,000 6,774,943 9,274,943 4,156,228 13,431,171 46,000 13,477,171 Operating Income - (1,279,943) (1,279,943) (3,881,228) (5,161,171) 732,000 (4,429,171) Beginning Fund Balance (Transfer from CPF)- 5,352,702 5,352,702 5,352,702 Ending Fund Balance -$ (1,279,943)$ 4,072,759$ (3,881,228)$ 191,531$ 732,000$ 923,531$ TOWN OF VAIL 2022 PROPOSED AMENDED BUDGET SUMMARY OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE HOUSING FUND 1520 3 2022 1st 2022 2nd 2022 4th 2022 Budget Supplemental Amended Supplemental Amended Supplemental Amended Revenue Town of Vail Interagency Charge 3,897,518$ 3,897,518$ 3,897,518$ 3,897,518$ Insurance Reimbursements & Other 10,000 10,000 10,000 53,611 63,611 Earnings on Investments 2,000 2,000 2,000 2,000 Equipment Sales and Trade-ins 126,890 126,890 126,890 126,890 Total Revenue 4,036,408 4,036,408 4,036,408 53,611 4,090,019 Expenditures Salaries & Benefits 1,224,934 1,224,934 48,394 1,273,328 1,273,328 Operating, Maintenance & Contracts 1,850,198 45,900 1,896,098 191,000 2,087,098 2,087,098 Capital Outlay 1,055,000 490,796 1,545,796 1,545,796 306,405 1,852,201 Total Expenditures 4,130,132 536,696 4,666,828 239,394 4,906,222 306,405 5,212,627 Revenue Over (Under) Expenditures (93,724) (536,696) (630,420) (239,394) (869,814) (252,794) (1,122,608) Transfer In from General Fund - - 48,394 48,394 48,394 Beginning Fund Balance 2,118,869 2,499,233 2,499,233 2,499,233 Ending Fund Balance 2,025,145$ 1,868,813$ 1,677,813$ 1,425,019$ TOWN OF VAIL 2022 PROPOSED AMENDED BUDGET SUMMARY OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE HEAVY EQUIPMENT FUND 16 204 2022 1st 2022 2nd 2022 4th 2022 Budget Supplemental Amended Supplemental Amended Supplemental Amended Revenue Investment Earnings -$ -$ -$ -$ Total Revenue - - - - - Expenses Professional Fees - - - 3,000 3,000 Capital Outlay - 28,116,258 28,116,258 (653,057) 27,463,201 27,463,201 Total Expenditures - 28,116,258 28,116,258 (653,057) 27,463,201 3,000 27,466,201 Revenue Over Expenses - (28,116,258) (28,116,258) 653,057 (27,463,201) (3,000) (27,466,201) Other Financing Sources (Uses) Principal Repayment (315,000) (315,000) (315,000) (315,000) Interest Expense (905,578) (905,578) (905,578) (905,578) Transfer from Capital Projects Fund - 6,144,204 6,144,204 6,144,204 3,000 6,147,204 Total Other Financing Sources (Uses)(1,220,578) 6,144,204 4,923,626 - 4,923,626 3,000 4,926,626 Change in Net Position (1,220,578) (21,972,054) (23,192,632) 653,057 (22,539,575) - (22,539,575) Net Position- Beginning 21,560,619 22,539,575 22,539,575 22,539,575 Net Position- Ending 20,340,041$ (653,057)$ -$ -$ TOWN OF VAIL 2022 PROPOSED AMENDED BUDGET SUMMARY OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE RESIDENCES AT MAIN VAIL 17 205 Ordinance No. 24, Series of 2022 ORDINANCE NO.24 SERIES OF 2022 AN ORDINANCE MAKING BUDGET ADJUSTMENTS TO THE TOWN OF VAIL GENERAL FUND, CAPITAL PROJECTS FUND, REAL ESTATE TRANSFER TAX FUND, HOUSING FUND, RESIDENCES AT MAIN VAIL FUND, HEAVY EQUIPMENT FUND OF THE 2022 BUDGET FOR THE TOWN OF VAIL, COLORADO; AND AUTHORIZING THE SAID ADJUSTMENTS AS SET FORTH HEREIN; AND SETTING FORTH DETAILS IN REGARD THERETO. WHEREAS, contingencies have arisen during the fiscal year 2022 which could not have been reasonably foreseen or anticipated by the Town Council at the time it enacted Ordinance No. 21, Series of 2021, adopting the 2022 Budget and Financial Plan for the Town of Vail, Colorado; and, WHEREAS, the Town Manager has certified to the Town Council that sufficient funds are available to discharge the appropriations referred to herein, not otherwise reflected in the Budget, in accordance with Section 9.10(a) of the Charter of the Town of Vail; and, WHEREAS, in order to accomplish the foregoing, the Town Council finds that it should make certain budget adjustments as set forth herein. NOW, THEREFORE, BE IT ORDAINED, BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO that: 1.Pursuant to Section 9.10(a) of the Charter of the Town of Vail, Colorado, the Town Council hereby makes the following budget adjustments for the 2022 Budget and Financial Plan for the Town of Vail, Colorado, and authorizes the following budget adjustments: General Fund $949,681 Capital Projects Fund 2,879,687 Real Estate Transfer Tax Fund 339,085 Housing Fund 46,000 Residences at Main Vail Fund 3,000 Heavy Equipment Fund 306,405 Interfund Transfers 177,002 Total $ 4,520,858 2.If any part, section, subsection, sentence, clause or phrase of this ordinance is for any reason held to be invalid, such decision shall not affect the validity of the remaining portions of this ordinance; and the Town Council hereby declares it would have passed this ordinance, and each 206 Ordinance No. 24, Series of 2022 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. 3. The Town Council hereby finds, determines, and declares that this ordinance is necessary and proper for the health, safety, and welfare of the Town of Vail and the inhabitants thereof. 4. The repeal or the repeal and reenactment of any provision of the Municipal Code of the Town of Vail as provided in this ordinance shall not affect any right which has accrued, any duty imposed, any violation that occurred prior to the effective date hereof, any prosecution commenced, nor any other action or proceedings as commenced under or by virtue of the provision repealed or repealed and reenacted. The repeal of any provision hereby shall not revive any provision or any ordinance previously repealed or superseded unless expressly stated herein. 5. All bylaws, orders, resolutions, and ordinances, or parts thereof, inconsistent herewith are repealed to the extent only of such inconsistency. This repealer shall not be construed to revise any bylaw, order, resolution, or ordinance, or part thereof, theretofore repealed. INTRODUCED, READ, APPROVED, AND ORDERED PUBLISHED ONCE IN FULL ON FIRST READING this 6th day of December 2022, and a public hearing shall be held on this Ordinance on the 20th day of December 2022, at the regular meeting of the Town Council of the Town of Vail, Colorado, in the Municipal Building of the town. _______________________________ Kim Langmaid, Mayor ATTEST: ___________________________ Stephanie Bibbens, Town Clerk READ AND APPROVED ON SECOND READING AND ORDERED PUBLISHED IN FULL this 20th day of October 2022. ____________________________ Kim Langmaid, Mayor ATTEST: ________________________________ Stephanie Bibbens, Town Clerk 207