HomeMy WebLinkAboutNorth Day Lot Town Manager memo to Town CouncilMemorandum to File
March 2, 2009
Planner: Warren Campbell
The information contained in this file pertains to the
discussion which occurred regarding the collocation of a
transit center and employee housing on the North Day Lot.
After several design iterations and multiple public reviews it
was determined that the Town did not want to pursue
anything more than skier drop-off and employee housing on
the site, both of which were obligation of Vail resorts from
the Arabelle project. These items are included with the
approved plans for the North Day Lot simply to serve as a
history for future inquiries regarding the North Day Lot.
i
TOWN OF VAIL
Town Manager
To: Vail Town Council
From: Stan Zemler
Greg Hall
George Ruther
Judy Camp
COPY
Subject:
Listen to the presentation explaining the proposed Transit Center for the North
Day Lot. Ask questions and identify any additional information needed for the
September 16, Town Council Meeting. Council will be asked on the 16th to
provide direction on how to proceed with the development and the financing of
the North Day Lot.
Background:
On May 20, 2008 the Vail Town Council directed staff to develop and plan for a
Transit Center to be located on the parcel commonly known as the North Day
Lot.
This plan was to include: Placing all transit modes on the site including skier
drop-off, hotel/lodge shuttles and .bus transit.
In addition, Council directed staff to:
- Pursue other funding opportunities, including federal, state and county.
- Develop a financial plan for the North Day Lot Transit Center development.
- Work with Vail Resorts to refine the design and prepare an agreement on cost
sharing.
- Modify the Arrabelle at Vail Square employee housing agreement.
- Work with the adjacent properties to mitigate any potential impacts.
Town of Vail staff in conjunction with the Vail Resorts team has developed a plan
for the North Day Lot that staff believes addressed the following:
- Incorporation of all modes of skier drop-off, hotel/lodge shuttles and bus
transit.
- Meets the budget presented to the Council on May 20, 2008.
- Complies with LionsHead Master Plan criteria.
- Accommodates Vail Resorts employee housing plan.
75 South Frontage Road • Vail, Colorado 81657 • 970-479-2106 / F~4X 970-479-2157 • www. vailgov. com
~~~ RECYCLED PAPER
- Addresses concerns expressed by adjacent properties.
- Developed financing proposal for Council consideration.
- Developed an implementation schedule that allows construction to begin in
early 2010 with preliminary utility work taking place in 2009.
- Have requested additional funds from other sources.
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Financi~i~g~ . ~ ~~ ~ ,
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The ~ait Reinvestment Authority could provide all of the needed financing for the North
Day Lot Transit Center with $12 million from bonds, $1.4 million from an already
committed Federal Transit Authority grant and $5.2 million from accumulated cash.
Additionally, funding could be available from the following sources and, if granted, would
be used in place of the cash.
Federal Transit Administration 5309 funding requested, not committed $ 3.4 million
Eagle County capital funds requested but not committed $ 3.8 million
CDOT funding through Senate Bill 1 (maximum total available $9M) $ 1.0 million
Staff Recommendation:
At the September 2 meeting staff will present the preferred plan, provide detailed
cost estimates, offer a financing plan and an implementation schedule. Staff is
requesting Council ask for any additional information it would require for the
September 16 meeting at which time a public hearing and final decision will be
scheduled.
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