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HomeMy WebLinkAbout2024-04-02 Agendas and Supporting Documentation Town Council Evening Meeting1.Call to Order 2.Citizen Participation (10 min.) 2.1 Citizen Participation 3.Any action as a result of Executive Session 4.Proclamations 4.1 Proclamation No. 2, Series of 2024, One Book One Valley 2024 5 min. Read proclamation into the record. Presenter(s): Abigail Brezinka, Vail Public Library Associate I Background: Each year, The Bookworm of Edwards, Colorado Mountain College Vail Valley, Vail Public Library, Vail Mountain School, and Eagle County High Schools team up to promote one book for the entire valley to read together, a reading program called "One Book One Valley." We encourage all residents to read the same book at the same time to create a community book club. Programs and events related to the chosen book happen throughout the valley and will engage readers of all ages and interests. 2024 is the 13th year of this valley-wide Community Read. 4.2 Proclamation No. 3, Series of 2024 National Donate Life Month Proclamation 5 min. Read proclamation into record. Presenter(s): Travis Coggin, Mayor VAIL TOWN COUNCIL MEETING Evening Session Agenda Town Council Chambers and virtually by Zoom. Zoom meeting link: https://vail.zoom.us/webinar/register/WN_0ipR4r_0Q9eqsCWHy18zmQ 6:00 PM, April 2, 2024 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 2024-02 One Book One Valley Proclamation.docx Official Poster 2024.pdf 1 Background: April 24, 2024 is National Donate Life Month. The goal is to raise awareness about organ, eye, and tissue donation, encourage Americans to register as donors and honor those that have saved and healed lives through the gift of donation. 5.Appointments for Boards & Commissions (5 min.) 5.1 Building and Fire Code Appeals Board (BFCAB) Appointments Motion to reappoint Rollie Kjesbo, Steven Loftus and Brandon Chalk to service on the Building and Fire Code Appeals Board for a two year term, ending March 31, 2026. Presenter(s): Travis Coggin, Mayor 5.2 Design Review Board (DRB) Appointment Motion to appoint Rollie Kjesbo to serve on the Design Review Board for a two year term, ending March 31, 2026. Presenter(s): Travis Coggin, Mayor 5.3 Planning and Environmental Commission (PEC) Appointments Motion to appoint four members to service on the Planning and Environmental Commission for a two year term, ending March 31, 2026. Presenter(s): Travis Coggin, Mayor 6.Consent Agenda 6.1 March 5, 2024 TC Meeting Minutes 6.2 March 19, 2024 TC Meeting Minutes 6.3 Resolution No. 14, Series of 2024, A Resolution Approving the Purchase of Residential Property Approve, approve with amendments, or deny Resolution No. 14, Series of 2024 to authorize the Town Manager to enter into an agreement, in a form approved by the Town Attorney, to purchase the property known as Buffer Creek Condominium, Unit A3 locate at 1860 Meadow Ridge Road, Vail, CO 81657 in the amount not to exceed $770,000 plus closing costs. Background: The availability of housing for its employees remains an ongoing need for the Town of Vail municipal government. Over the years the Town has taken a wide range of approaches to addressing its employee housing needs. 6.4 Resolution No. 15, Series of 2024, A Resolution Approving the Purchase of Residential Property Approve Resolution No. 15, Series of 2024 to authorize the 2024-03 NDLM Proclamation.pdf 030524 TC Meeting Minutes.pdf 031924 TC Meeting Minutes.pdf Resolution No. 14, Series of 2024.doc 2 Town Manager to enter into an agreement, in a form approved by the Town Attorney to purchase the property known as Pitkin Creek Condominium, Unit 3-B, located at 3921 Bighorn Road, Vail CO 81657, in the amount not to exceed $770,000 plus closing costs. Background: The availability of housing for its employees remains an ongoing need for the Town of Vail municipal government. Over the years the Town has taken a wide range of approaches to addressing housing needs. 6.5 Resolution No. 16, Series of 2024, A Resolution Approving the Purchase of Residential Property Approve Resolution No. 16, Series of 2024, to authorize the Town Manager to enter into an agreement, in a form approved by the Town Attorney, to purchase the property known as Meadow Creek Condominium, Unit L-4, located at 2510 Kinnikinnick Road, Vail, CO 81657, in an amount not to exceed $1,275,000 plus closing costs. Background: The availability of housing for its employees remains an ongoing need for the Town of Vail municipal government. Over the years the Town has taken a wide range of approaches to addressing its employee housing needs. 6.6 Contract Award to 360 Paving for the 2024 Overlay Project Authorize the Town Manager to enter an agreement, in a form approved by the Town Attorney, with 360 Paving to complete the 2024 Vail Overlay Project, in an amount not to exceed $465,000.00. Background: This project is budgeted with the Capital Street Maintenance Budget. Roads included in this year's asphalt overlay project include Spruce Drive, Spruce Way, Streamside Circle East, Gore Circle, and Columbine Drive north of Bighorn Road. This project is scheduled to be completed by September 20, 2024. 6.7 Contract Award to A-1 Chipseal for the 2024 Vail Slurry Seal Project Authorize the Town Manager to enter an agreement, in a form approved by the Town Attorney, with A-1 Chipseal to complete the 2024 Vail Slurry Seal Project, in an amount not to exceed $180,000.00. Background: The project is budgeted with the Capital Street Maintenance budget and is within the engineer's estimate. Roads included in this year's asphalt preventive maintenace are Cabin Circle, Eagles Nest Circle, Fairway Court, Fairway Drive, Homestake Circle, Hornsilver Circle, Ptarmigan Road, Spring Hill Lane, Beaver Dam Road, Beaver Dam Circle, Forest Road, Rockledge Road, and Spraddle Creek Road. This project is scheduled to be completed by July 3, 2024. Resolution No 15 Series of 2024.doc Resolution No 16 Series of 2024 for Residential Property Purchase council memo-overlay.docx 3 6.8 Contract Award to Kinetic Industry for Spring Stormwater Maintenance Authorize the Town Manager to enter an agreement, in a form approved by the Town Attorney, with Kinetic Industry for semi- annual stormwater maintenance work, in an amount not to exceed $95,000.00. Background: Town of Vail posted a call for bids seeking a firm to perform semi-annual maintenance on stormwater treatment devices, including 277 gutter bins and 36 water quality vaults. 6.9 Contract Award to Questica, LTD for Town of Vail Budgeting Software Authorize Town Manager to enter into an agreement, on a form approved by the Town Attorney, with Questica, LTD, for budgeting software not to exceed $66,500.00 Background: As the town's budget has grown and has become more complex, there is a need for a more collaborative, efficient, and transparent budget process. 6.10 Contract Award to ResortNet LLC for Wireless Networking Support Authorize the Town Manager to enter an agreement, in a form approved by the Town Attorney, with ResortNet LLC to provide wireless network support services in an amount not to exceed $5,000 per month for 3 years. Background: The Town relies on wireless networks for a variety of important purposes including visitor and resident use in commercial cores, numerous events, private networks for Town of vail employees in municipal buildings, and to support hundreds of internet-connected devices including surveillance cameras, variable message signs, snowmelt controls, irrigation controls, and more. 7.Public Hearings 7.1 Ordinance No. 2, Series of 2024, Second Reading of an Ordinance Amending Chapter 7 of Title 12 of the Vail Town Code Regarding Applications for Exterior Modifications in the Commercial Core 1 and Commercial Core 2 Zone Districts 5 min. Approve, approve with amendments, or deny Ordinance No. 2, Series of 2024 upon second reading. Presenter(s): Jamie Leaman-Miller, Planner l Background: The purpose of Ordinance 2, Series of 2024 is to amend Section 12-7B-7 Exterior Alterations or Modifications and 12-7C-5 Exterior Alterations or Modifications regarding the development review process for exterior alterations in the council memo-slurry.docx May 2024 Stormwater Maintenance SOW EXHIBIT A.pdf Exhibit B - Gutter Bin IDs and Locations.pdf 040224 Contract Award to Questica for Finance Budget Software.pdf Wireless Network Support.pdf 4 Commercial Core 1 (CC1) and Commercial Core 2 (CC2) districts. 7.2 Ordinance No. 3, Series of 2024, Second Reading, of an Ordinance Making Budget Adjustments to the Town of Vail General Fund, Capital Projects Fund, Real Estate Transfer Tax Fund, Housing Fund, Heavy Equipment Fund, Timber Ridge Fund, and Residences at Main Vail Fund of the 2024 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. 3, Series of 2024, upon second reading. Presenter(s): Jake Shipe, Budget Analyst Background: Please see attached memo. 8.Adjournment 6:45 pm (estimated) Ordinance No. 2 Staff Memorandum.pdf A. Ordinance No. 2, Series of 2024.pdf B. Staff Memorandum to PEC, 2-26-24.pdf C. PEC Results 2-26-24.pdf 240402 1st Supplemental Budget (2nd Reading).pdf Ord #3- 1st Supp 2024 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. 5 AGENDA ITEM NO. 2.1 Item Cover Page DATE:April 2, 2024 SUBMITTED BY:Steph Johnson, 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 6 From:Megan Beran To:Council Dist List Subject:Please Install Speed Bumps in Intermountain Date:Tuesday, April 2, 2024 7:41:45 PM Dear Town Council, Speeding in Intermountain is a serious issue that we don’t feel has been adequately addressed. It is rare to see a car following the posted 15 mph speed limit. While we appreciate that the speed limit has been lowered, it’s not being followed and there is not any police presence of enforcing the speed limit in our neighborhood. A relatively easy solution to install speed bumps in intermountain, on Kinnickinnick Rd and Basingdale Blvd as nothing else will slow the drivers down. Other neighborhoods in the area like EagleVail have speed bumps, it seems very appropriate in Intermountain. We’re a small neighborhood, with lots of dogs and kids walking around, let’s not let a tragedy happen before we do something about the speeding problem. Please address this neighborhood crisis with speed bumps and make Intermountain a much safer place to walk. If anyone is unsure if we are providing an accurate depiction, join us for a 20 minute walk in the neighborhood and sadly I’m certain you’ll get a feel for the scary pedestrian environment we have. You’re welcome to reach out with any questions. Thank you, Megan Beran 2801 Basingdale Blvd unit 7 Vail CO mobile: 415.272.0345 7 From:Robin Burch To:Council Dist List Subject:Fwd: West Middle Creek construction concerns Date:Tuesday, April 2, 2024 10:17:36 AM Dear Town Council, As a concerned citizen, I cannot seem to get a clear answer why the construction of the West Middle Creek employee housing project is not required to be entirely non-combustable. In there near future as determined by a recent Colorado Legislative session, insurance companies may not be required to provide insurance for repalcement cost of reconstructing a building that was not built with non-combustable maternals. At the Vail Community Meeting I confirmed with the builder and architect that DRB is not requiring that the entire building be non-combustable. See letter below that I sent to the Vail Homeowner”s Association. I would have presented this tonight at the Town Council Meeting but I am not going to be able to attend. Thanks for your consideration, Robin Burch 3225 Katsos Ranch Rd Vail, CO 81657 404-606-0154 Begin forwarded message: From: Robin Burch <robinburch@mac.com> Subject: West Middle Creek construction concerns Date: March 30, 2024 at 11:56:17 AM EDT To: vailhomeownersassoc@gmail.com Good morning! I attended the Vail Community Meeting and met with the architect and builder of the West Middle Creek Project. Although I am not crazy about the design because it does not really blend well with what was currently built along that corridor , my bigger concern was that it is only being built with some of the exterior building materials as non-combustable. They defended themselves by mentioning that the building was going to have sprinklers on the interior. I sent an e-mail to the town attorney, Mike Mire on 3/18 expressing my concerns about a couple issues that became evident at the Community Meeting, but he 8 never responded. Then an article appeared in the Vail Daily on 3/24 about Wildfire Mitigation projects in Eagle County and mentioned “providing advise for property owners to make their homes resistant to wildfire”. Well that is great, but how can the Town of Vail not require all new construction to have completely non-combustable materials on the exterior???? If the construction doesn’t meet that standard, they may not be able to get insurance covering the property when it is destroyed by fire. Not to mention the building would be inhabited by Vail Resorts employees (other people's children), and loss of life would be devastating to their families and communities. I want your input before I send my concerns on to the Town Council. Thanks, Robin Burch 404-606-0154 9 From:Ronald Schuster To:PublicInputTownCouncil Subject:Truck delivery patterns Date:Monday, April 1, 2024 11:57:19 AM I live in Golden and have seen the articles regarding truck delivery patterns in Breck and Vail and would like to share a solution we saw in similar size towns in Germany when we visited last year. They required all truck deliveries to shops, restaurants, etc. to be completed by 11 a.m. in the core areas. Although it was a little more congested if you wanted to walk those areas in the morning, it was great the rest of the day and evening when no trucks were allowed in those areas. We thought it worked well. Something to consider. 10 AGENDA ITEM NO. 4.1 Item Cover Page DATE:April 2, 2024 TIME:5 min. SUBMITTED BY:Stephanie Bibbens, Town Manager ITEM TYPE:Proclamation AGENDA SECTION:Proclamations SUBJECT:Proclamation No. 2, Series of 2024, One Book One Valley 2024 SUGGESTED ACTION:Read proclamation into the record. PRESENTER(S):Abigail Brezinka, Vail Public Library Associate I VAIL TOWN COUNCIL AGENDA ITEM REPORT ATTACHMENTS: 2024-02 One Book One Valley Proclamation.docx Official Poster 2024.pdf 11 Proclamation No. 02, Series of 2024 ONE BOOK ONE VALLEY, 2024 A valley-wide Community Read sponsored by the Towns of Avon, Eagle, Gypsum, Minturn, Red Cliff and Vail WHEREAS,Community Read programs have united and uplifted hundreds of cities and municipalities throughout the United States of America; WHEREAS,the book “Calling for a Blanket Dance” by Oscar Hokeah is the author’s “highly anticipated debut novel that tells the story of Ever Geimausaddle, the son of a Kiowa and Cherokee mother and a Mexican father, as he navigates life across Native lands in Oklahoma”; WHEREAS,Hokeah’s novel tells a story of the contemporary experiences of Indigenous people; “a story of a young Native American boy who belongs to a splintering family, grasps for stability and love, and makes all the wrong choices until he finds a space of his own"; whose family--part Mexican, part Native American--is determined to hold on to their community despite obstacles everywhere they turn; WHEREAS,this Eagle Valley Community Read is the 13th Year of the One Book One Valley initiative; WHEREAS,this Eagle Valley Community Read will feature book discussions in venues around the valley; special programs being planned by our two newest partners - the Vail Symposium and the Eagle Valley Land Trust; and, a special Guest Appearance by the author in April; WHEREAS, the Vail Public Library, in collaboration with the Bookworm of Edwards, Colorado Mountain College, Battle Mountain High School, Eagle Valley High School, Vail Mountain School, the Vail Symposium and the Eagle Valley Land Trust have collectively resolved to bring this valley- wide Community Read program to the citizens of Eagle County; and, WHEREAS, the One Book One Valley initiative will encourage literacy and shared enjoyment of reading throughout Eagle County. NOW, THEREFORE, the Mayor and Vail Town Council do herby proclaim the One Book One Valley initiative and officially announce and promote the book “Calling for a Blanket Dance” to all Eagle County residents for their enjoyment and the enjoyment for all. Dated this 2 nd day of April, 2024. Vail Town Council Attest: ___________________________ Travis Coggin, Mayor Stephanie Bibbens, Town Clerk 12 an Eagle County initiative which encourages literacy and promotes a sense of community by sharing a common topic for conversation valley-wide. Share your One Book One Valley (OBOV) reading journey! Use the hashtag #OBOV2024 For more information visit onebookonevalley.com EVENTS A COLLABORATIVE PROGRAM BROUGHT TO YOU BY Hosted by Vail Public Library, Mountain Youth and Vail Symposium Multigenerational Hope: New Patterns of Mental and Behavioral Health Tuesday, Feb. 20 | 6 p.m. Edwards Interfaith Chapel Spanish/English interpretation In the face of mental & behavioral challenges faced by individuals of all ages, what are the models & resources available to fi nd healing and hope? Dr. Judith Landau will be joined by local providers. Hosted by Vail Public Library and Eagle Valley Land Trust Free showing of the documentary “Gather” Tuesday, March 19 | 6:30 p.m. Riverwalk Theater Free community screening of “Gather”, which tells the stories of Native Americans reconnecting with their spiritual and cultural identities through obtaining sovereignty over their ancestral food ways. Like Calling for a Blanket Dance, the fi lm “Gather” shines a spotlight on Indigenous people working to heal themselves and their communities by reuniting with their heritage. Hosted by Vail Public Library Books ‘n Bites Book Club Wednesday, March 13 | 5 p.m. Meets via Zoom Join the Vail Public Library for a fun and lively virtual book club! The March meeting of the book club will focus on the 2024 OBOV title, “Calling for a Blanket Dance” by Oscar Hokeah. Email abrezinka@vail.gov for an invitation. Finale Author Event Thursday, April 4 | 5 p.m. Colorado Mountain College, Edwards Campus Meet Oscar Hokeah, Author of the 2024 selected OBOV title “Calling for a Blanket Dance”. This event will consist of a meet and greet with the author, a Book Talk including Q&A, and an opportunity to purchase an autographed copy of the book. 13 AGENDA ITEM NO. 4.2 Item Cover Page DATE:April 2, 2024 TIME:5 min. SUBMITTED BY:Stephanie Bibbens, Town Manager ITEM TYPE:Proclamation AGENDA SECTION:Proclamations SUBJECT:Proclamation No. 3, Series of 2024 National Donate Life Month Proclamation SUGGESTED ACTION:Read proclamation into record. PRESENTER(S):Travis Coggin, Mayor VAIL TOWN COUNCIL AGENDA ITEM REPORT ATTACHMENTS: 2024-03 NDLM Proclamation.pdf 14 Proclamation No. 03, Series of 2024 National Donate Life Month WHEREAS, this April 2024 is the 21st National Donate Life Month with a goal to raise awareness about organ, eye, and tissue donation, encourage Americans to register as donors, and honor those that have saved and healed lives through the gift of donation; WHEREAS, Colorado has been one of the leaders in the nation with a donor registry of 66.21% of driver license/ID card applicants signing up to be organ and tissue donors—a decision that reflects deep commitment to one another and confirms that there is good inside all of us; WHEREAS, One donor can save up to 8 lives through organ donation, and save and heal more than 75 lives through tissue donation; WHEREAS, A record 307 heroic organ donors provided 918 lifesaving transplants in 2023, which is a 10.6% increase from the prior year; and Donor Alliance recovered tissue for transplant from 1,703 heroic tissue donors saving and healing with nearly 144,000 tissue grafts; WHEREAS, Registering gives hope back to the more than 1,300 people waiting for a lifesaving organ transplant in Colorado and Wyoming, while compassionately celebrating donors and their families for the gift of life; and WHEREAS, Organ, eye, and tissue donation would not be possible without our community coming together for one united purpose. By saying “Yes” to be an organ, eye, and tissue donor, you're not just checking a box—you're saving and healing lives. NOW, THEREFORE, the Mayor and Vail Town Council do hereby proclaim the month of April, 2024 as National Donate Life Month. Dated this 2nd day of April, 2024. Vail Town Council Attest: ___________________________ Travis Coggin, Mayor Stephanie Bibbens, Town Clerk 15 AGENDA ITEM NO. 5.1 Item Cover Page DATE:April 2, 2024 SUBMITTED BY:Steph Johnson, Town Manager ITEM TYPE:Main Agenda AGENDA SECTION:Appointments for Boards & Commissions (5 min.) SUBJECT:Building and Fire Code Appeals Board (BFCAB) Appointments SUGGESTED ACTION:Motion to reappoint Rollie Kjesbo, Steven Loftus and Brandon Chalk to service on the Building and Fire Code Appeals Board for a two year term, ending March 31, 2026. PRESENTER(S):Travis Coggin, Mayor VAIL TOWN COUNCIL AGENDA ITEM REPORT ATTACHMENTS: 16 AGENDA ITEM NO. 5.2 Item Cover Page DATE:April 2, 2024 SUBMITTED BY:Stephanie Bibbens, Town Manager ITEM TYPE:Main Agenda AGENDA SECTION:Appointments for Boards & Commissions (5 min.) SUBJECT:Design Review Board (DRB) Appointment SUGGESTED ACTION:Motion to appoint Rollie Kjesbo to serve on the Design Review Board for a two year term, ending March 31, 2026. PRESENTER(S):Travis Coggin, Mayor VAIL TOWN COUNCIL AGENDA ITEM REPORT ATTACHMENTS: 17 AGENDA ITEM NO. 5.3 Item Cover Page DATE:April 2, 2024 SUBMITTED BY:Steph Johnson, Town Manager ITEM TYPE:Main Agenda AGENDA SECTION:Appointments for Boards & Commissions (5 min.) SUBJECT:Planning and Environmental Commission (PEC) Appointments SUGGESTED ACTION:Motion to appoint four members to service on the Planning and Environmental Commission for a two year term, ending March 31, 2026. PRESENTER(S):Travis Coggin, Mayor VAIL TOWN COUNCIL AGENDA ITEM REPORT ATTACHMENTS: 18 AGENDA ITEM NO. 6.1 Item Cover Page DATE:April 2, 2024 SUBMITTED BY:Stephanie Bibbens, Town Manager ITEM TYPE:Consent Agenda AGENDA SECTION:Consent Agenda SUBJECT:March 5, 2024 TC Meeting Minutes SUGGESTED ACTION: VAIL TOWN COUNCIL AGENDA ITEM REPORT ATTACHMENTS: 030524 TC Meeting Minutes.pdf 19 Town Council Meeting Minutes of March 5, 2024. Page 1 Vail Town Council Meeting Minutes Tuesday, March 5, 2024 11:30 A.M. Vail Town Council Chambers The regular meeting of the Vail Town Council was called to order at approximately 11:30 A.M. by Mayor Coggin. Full video of the Town Council meeting can be accessed at https://www.highfivemedia.org/town- vail. Members present: Travis Coggin, Mayor Barry Davis, Mayor Pro Tem Pete Seibert Jonathan Staufer Dave Chapin Reid Phillips Samantha Biszantz Staff members present: Russell Forrest, Town Manager Kathleen Halloran, Deputy Town Manager Matt Mire, Town Attorney Stephanie Bibbens, Town Clerk 1. Call to Order 2. Presentation/Discussion 2.1 Dobson Ice Arena Remodel Project and Contractor Procurement Update Dobson Ice Arena Remodel Project discussion began at time stamp on the 0:00:22 on the High Five video. Presenter(s): Greg Hall, Public Works Director Listen to presentation and provide feedback. Background: The purpose of this item is to provide Council with an update of the RFP/General Contract procurement process, provide an update on the results of the initial budgets that contractors provided to staff, review the program options that the team is currently investigating, including the primary path that fits within the current budget, and to update the next steps of the project. Public comment was called. Bob Armour, chair of the Vail Recreation District board, asked that the council ensure locker rooms were included in whatever program is pursued. 20 Town Council Meeting Minutes of March 5, 2024. Page 2 Merv Lapin, a Vail resident, expressed his concerns with the amount of money the town would spend on temporary facilities while the redevelopment or renovations for Dobson were underway and mentioned potential down-valley opportunities for a new permanent facility. Alison Wadey, executive director of the Vail Chamber and Business Association, asked that upcoming improvements at Dobson include a better way for the transition between ice and event flooring as well as the urgent need for better locker room facilities. Laurie Mullen, chair of the Friends of Dobson group, asked council to make sure the decisions regarding Dobson would allow for all uses and users of the facility included both locals and guests. 2.2 Art In Public Places Residency Project Update Art In Public Places Residency Project update began at time stamp on the 1:20:04 on the High Five video. Presenter(s): Molly Eppard, AIPP Coordinator Listen to presentation and provide direction on next steps. Background: The purpose of this item is to provide Council with an update of the Artist in Residency Project progress, update on the results of the construction cost estimates received and impact to budget estimate and to update next steps regarding the project. 2.3 Go Vail 2045: Mobility and Transportation Master Plan- Draft MP & Schedule Go Vail 2045 discussion began at time stamp 1:47:37 on the High Five video. Presenter(s): Tom Kassmel Listen to presentation and provide feedback. Background: The Go Vail 2045 team has been reviewing existing conditions, analyzing data, developing mobility concepts, taking public feedback, and drafting the master plan document. The draft Master Plan will be available on www.engagevail.com for review and comment, along with an online storyboard, that focuses on the highlights of the plan. The Master Plan is anticipated to be adopted by Council in May. Staff Recommendation: Review master plan adoption schedule and provide any comments or feedback. 2.4 Updated Housing Policy Statement Recommendations Housing Policy Statement Recommendations discussion began at time stamp 1:54:11 on the High Five video. Presenter(s): George Ruther, Housing Director 21 Town Council Meeting Minutes of March 5, 2024. Page 3 Listen to presentation and provide feedback. Background: The purpose of this discussion is to inform Town Council of the recommendation of the Vail Local Housing Authority on proposed updates to the adopted housing policy statements. 3. Citizen Participation Citizen Participation began at time stamp 2:17:33 on the High Five video. Merv Lapin, a Vail resident, clarified why the town was not getting the benefit of interest on money in its TIFF fund, expressed concerns with the town being involved in housing that subsidized Vail Resorts or other large employers, with the exception of teachers and wanted to make sure housing deed restrictions wouldn’t go away without a public vote. 4. Consent Agenda Consent Agenda began at time stamp 2:26:35 on the High Five video. 4.1 February 6, 2024 TC Meeting Minutes 4.2 February 20, 2024 TC Meeting Minutes 4.3 Resolution No. 09, Series of 2024, A Resolution Approving a State of Colorado Subawards Agreement between the Town of Vail and the Colorado Department of Transportation to Receive Funding for the Purchase One Charging Infrastructure and Workforce Training. Approve, approve with amendments, or deny Resolution No. 09, Series of 2024. Background: This grant agreement is for funding towards electric bus chargers as well as EV related workforce development. This is Federal Transit Administration funding administered through the Colorado Department of Transportation. Staufer made a motion to approve the consent; Seibert seconded motion passed (6-0 Davis absent). 5. Action Items 5.1 Snowmelt Repair Contract Award and Change Order Approval Snowmelt Repair contract and change order discussion began at time stamp 2:27:31 on the High Five video. Presenter(s): Tom Kassmel 22 Town Council Meeting Minutes of March 5, 2024. Page 4 Authorize the Town Manager to enter into an agreement, in a form approved by the Town Attorney, with Ewing Trucking & Construction for excavation services, in an amount not to exceed $175,000.00 Direct the Town Manager to approve a Change Order, as approved by the Town Attorney, with R&H Mechanical for snowmelt repair services, in an amount not to exceed $200,000.00 Background: The Vail Village and Lionshead Village snowmelt systems are in need of repair. Phase I was completed in Lionshead last year. This spring, staff recommend continuing with repairs and being the Vail Village snowmelt repairs. Staufer made a motion to approve; Seibert seconded motion passed (6-0, Davis absent). 6. DRB/PEC Update 6.1 DRB/PEC Update DRB/PEC update began at time stamp 2:31:18 on the High Five video. 7. Information Update Information Update began at time stamp 2:32:15 on the High Five video. 7.1 February 15, 2024 VLMDAC Meeting Minutes 7.2 February 2024 Revenue Update 7.3 2023 EHU Compliance Status Update 8. Matters from Mayor, Council, Town Manager and Committee Reports Matters from Mayor, Council, Town Manager and Committee Reports began at 2:33:07 on the High Five video. 8.1 Town Manger Report Forrest mentioned a letter was being drafted to Colorado Gov. Polis regarding a potential change to the West Vail auxiliary lane project. The town was concerned that a portion of the project will not be completed due to rising costs. Forrest also informed Council that event producer AEG was willing to send their technical producer to Dobson Ice Arena to provide suggestions and feedback on how to make the venue work for future events. 8.2 Council Matters and Status Report 9. Executive Session Executive Session began at time stamp 2:53:43 on the High Five video. 23 Town Council Meeting Minutes of March 5, 2024. Page 5 Executive Session pursuant to: C.R.S. §24-6-402(4)(a) to consider the purchase, acquisition, lease, transfer, or sale of any real, personal or other property interest, §24-6-402(4)(e) to determine positions relative to matters that may be subject to negotiations, develop a strategy for negotiations and instruct negotiators and on the topic of potential real property sale and acquisitions by the Town. 10. Break 3:05pm 11. Meeting with State Senator Dylan Roberts and State Representative Meghan Lukens 11.1 Legislative Update Legislative update began at time stamp 2:54:24 on the High Five video. Presenter(s): State Senator Dylan Roberts & State Representative Meghan Lukens Listen to presentation and provide feedback. There being no further business to come before the council, Staufer moved to adjourn the meeting; Seibert seconded motion passed (7-0), meeting adjourned at 4:01 p.m. Respectfully Submitted, Attest: __________________________________ Travis Coggin, Mayor ______________________________ Stephanie Bibbens, Town Clerk 24 AGENDA ITEM NO. 6.2 Item Cover Page DATE:April 2, 2024 SUBMITTED BY:Stephanie Bibbens, Town Manager ITEM TYPE:Consent Agenda AGENDA SECTION:Consent Agenda SUBJECT:March 19, 2024 TC Meeting Minutes SUGGESTED ACTION: VAIL TOWN COUNCIL AGENDA ITEM REPORT ATTACHMENTS: 031924 TC Meeting Minutes.pdf 25 Town Council Meeting Minutes of March 19, 2024. Page 1 Vail Town Council Meeting Minutes Tuesday, March 19, 2024 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 Pro Tem Davis. Full video of the Town Council meeting can be accessed at https://www.highfivemedia.org/town- vail. Members present: Barry Davis, Mayor Pro Tem Pete Seibert Jonathan Staufer Dave Chapin Reid Phillips Samantha Biszantz Members absent: Travis Coggin, Mayor Staff members present: Russell Forrest, Town Manager Kathleen Halloran, Deputy Town Manager Matt Mire, Town Attorney Stephanie Bibbens, Town Clerk 1.Call to Order 2.Citizen Participation Citizen Participation began at time stamp 0:00:20 on the High Five video. Sarah Smith-Hymes introduced herself as a candidate for Eagle County Commissioner. 3.Any Action as the Result of Executive Session There was none. 4.Appointments for Boards and Commissions Appointments for Boards and Commissions began at time stamp 0:03:00 on the High Five video. 4.1 Art in Public Places (AIPP) Appointments Staufer made a motion to appoint Kathy Langenwalter, Tracy Gordon, and Lindsea Stowe to service on the AIPP for a two-year term, ending on March 31, 2026; Seibert seconded motion passed (6-0, Coggin absent). 26 Town Council Meeting Minutes of March 19, 2024. Page 2 4.2 Design Review Board (DRB) Appointments Seibert made a motion to appoint Molly Egan, Kit Austin, and Shea Hester-Haddad to service on the DRB for a two-year term, ending on March 31, 2026; Staufer seconded motion passed (6-0, Coggin absent). 5. Consent Agenda Consent Agenda began at time stamp 0:03:49 on the High Five video. 5.1 Resolution No. 10, Series of 2024, A Resolution of the Vail Town Council Approving an Intergovernmental Agreement between the Town of Vail and Eagle County, Colorado Concerning the Wildland Fire Mitigation Program Approve, approve with amendments, or deny Resolution No. 10, Series of 2024. Background: The Town of Vail and Eagle County wish to enter into an Intergovernmental Agreement concerning the continued implementation of the Wildland Fire Mitigation Program. 5.2 Resolution No. 11, Series of 2024, A Resolution Approving a Cooperative Agreement between Eagle County Department of Human Services and Eagle County Law Enforcement Agencies Approve, approve with amendments, or deny Resolution No. 11, Series of 2024. Background: This resolution allows for the Vail Police Department to work together with Eagle County Department of Human Services to keep children safe in Eagle County, Colorado. 5.3 Resolution No. 12, Series of 2024, A Resolution Approving a State of Colorado Subaward Agreement between the Town of Vail and the Colorado Department of Transportation to Receive Funding fir the Purchase of Two Battery Electric Buses Approve, approve with amendments, or deny Resolution No. 12, Series of 2024. Background: This grant agreement is for funding towards two electric buses. This is federal Congressionally Directed Spending funding administered through the Colorado Department of Transportation. 5.4 Resolution No. 13, Series of 2024, A Resolution Adopting the 2024 Town of Vail Housing Policy Statements, and Setting Forth Details in Regard Thereto Approve, approve with amendments, or deny Resolution No. 13, Series of 2024. Background: The purpose of Resolution No. 13 is to updated policy statements and reaffirm support of the Town's housing goals and expectations. 27 Town Council Meeting Minutes of March 19, 2024. Page 3 5.5 Contract Award to Resort Entertainment Group and Group 970 for the Production of Vail Oktoberfest Authorize the Town Manager to enter into an agreement, in a form approved by the Town Attorney, with Resort Entertainment Group and Group 970 for the production of the Vail Oktoberfest, in an amount not to exceed $100,000.00. Background: The Committee on Special Events and Event Funding Committee have reviewed a proposal for the production of the Vail Oktoberfest event and is recommending a sponsorship amount of $100,000.00 for the proposal from Dian Moody of Resort Entertainment and Brian Nolan of Group 970. Staufer made a motion to approve the consent; Seibert seconded motion passed (6-0 Coggin absent). 6. Action Items 6.1 Dobson Ice Arena Remodel Project and Contractor Procurement Update Dobson Ice Arena Remodel Project and Contract Procurement Update began at time stamp 0:04:19 on the High Five video. Presenter(s): Russell Forrest, Town Manager Provide feedback on next steps. Background: An update on Dobson Ice Arena remodel project and contractor procurement. Staufer made a motion to authorize the Town Manager to negotiate with Contractor GE Johnson and agree to a Phase 1 scope, not to exceed $50,000.00 should negotiations with Hyder be unsuccessful; Seibert seconded motion passed (6-0, Coggin absent). 6.2 Ordinance No. 2, Series of 2024, First Reading, An Ordinance Amending Chapter 7 pf Title 12 of the Vail Town Code Regarding Applications for Exterior Modifications in the Commercial Core 1 and Commercial Core 2 Zone Districts Ordinance No. 2, Series of 2024 discussion began at time stamp 0:07:53 on the High Five video. Presenter(s): Jamie Leaman-Miller, Planner l Approve, approve with amendments, or deny Ordinance No. 2, Series of 2024 upon first reading. Background: The purpose of Ordinance 2, Series of 2024 is to amend Section 12-7B-7 Exterior Alterations or Modifications and 12-7C-5 Exterior Alterations or Modifications regarding the development review process for exterior alterations in the Commercial Core 1 (CC1) and Commercial Core 2 (CC2) districts. 28 Town Council Meeting Minutes of March 19, 2024. Page 4 6.3 Ordinance No. 3, Series of 2024, First Reading, An Ordinance Making Budget Adjustments to the Town of Vail General Fund, Capital Projects Fund, real Estate Transfer Tax Fund, Housing Fund, Heavy Equipment Fund, Timber Ridge Fund, and Residences at Main Vail Fund of the 2024 Budget for the Town of Vail, Colorado; and Authorizing the Said Adjustments as Set Forth Herein; and Setting Forth Details Thereto Ordinance No. 3, Series of 2024 discussion began at time stamp 0:16:34 on the High Five video. Presenter(s): Carlie Smith, Finance Director and Jake Shipe Budget Analyst Approve, approve with amendments, or deny Ordinance No. 3, Series of 2024, upon first reading. Background: Please see attached memo. There being no further business to come before the council, Staufer moved to adjourn the meeting; Phillips seconded motion passed (6-0 Coggin absent), meet adjourned at 6:53 p.m. Respectfully Submitted, Attest: __________________________________ Travis Coggin, Mayor ______________________________ Stephanie Bibbens, Town Clerk 29 AGENDA ITEM NO. 6.3 Item Cover Page DATE:April 2, 2024 SUBMITTED BY:George Ruther, Housing ITEM TYPE:Consent Agenda AGENDA SECTION:Consent Agenda SUBJECT:Resolution No. 14, Series of 2024, A Resolution Approving the Purchase of Residential Property SUGGESTED ACTION:Approve, approve with amendments, or deny Resolution No. 14, Series of 2024 to authorize the Town Manager to enter into an agreement, in a form approved by the Town Attorney, to purchase the property known as Buffer Creek Condominium, Unit A3 locate at 1860 Meadow Ridge Road, Vail, CO 81657 in the amount not to exceed $770,000 plus closing costs. VAIL TOWN COUNCIL AGENDA ITEM REPORT ATTACHMENTS: Resolution No. 14, Series of 2024.doc 30 RESOLUTION NO. 14 SERIES OF 2024 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 theTown. 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 2 nd day of April, 2024. ________________________________ Travis Coggin, Mayor ATTEST: _________________________________ Stephanie Bibbens, Town Clerk 31 AGENDA ITEM NO. 6.4 Item Cover Page DATE:April 2, 2024 SUBMITTED BY:Steph Johnson, Housing ITEM TYPE:Resolution AGENDA SECTION:Consent Agenda SUBJECT:Resolution No. 15, Series of 2024, A Resolution Approving the Purchase of Residential Property SUGGESTED ACTION:Approve Resolution No. 15, Series of 2024 to authorize the Town Manager to enter into an agreement, in a form approved by the Town Attorney to purchase the property known as Pitkin Creek Condominium, Unit 3-B, located at 3921 Bighorn Road, Vail CO 81657, in the amount not to exceed $770,000 plus closing costs. VAIL TOWN COUNCIL AGENDA ITEM REPORT ATTACHMENTS: Resolution No 15 Series of 2024.doc 32 RESOLUTION NO. 15 SERIES OF 2024 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 theTown. 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 2 nd day of April, 2024. ________________________________ Travis Coggin, Mayor ATTEST: _________________________________ Stephanie Bibbens, Town Clerk 33 AGENDA ITEM NO. 6.5 Item Cover Page DATE:April 2, 2024 SUBMITTED BY:Steph Johnson, Housing ITEM TYPE:Resolution AGENDA SECTION:Consent Agenda SUBJECT:Resolution No. 16, Series of 2024, A Resolution Approving the Purchase of Residential Property SUGGESTED ACTION:Approve Resolution No. 16, Series of 2024, to authorize the Town Manager to enter into an agreement, in a form approved by the Town Attorney, to purchase the property known as Meadow Creek Condominium, Unit L-4, located at 2510 Kinnikinnick Road, Vail, CO 81657, in an amount not to exceed $1,275,000 plus closing costs. VAIL TOWN COUNCIL AGENDA ITEM REPORT ATTACHMENTS: Resolution No 16 Series of 2024 for Residential Property Purchase 34 RESOLUTION NO. 16 SERIES OF 2024 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 theTown. 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 2 nd day of April, 2024. ________________________________ Travis Coggin, Mayor ATTEST: _________________________________ Stephanie Bibbens, Town Clerk 35 AGENDA ITEM NO. 6.6 Item Cover Page DATE:April 2, 2024 SUBMITTED BY:Chad Salli, Public Works ITEM TYPE:Contract Award AGENDA SECTION:Consent Agenda SUBJECT:Contract Award to 360 Paving for the 2024 Overlay Project SUGGESTED ACTION:Authorize the Town Manager to enter an agreement, in a form approved by the Town Attorney, with 360 Paving to complete the 2024 Vail Overlay Project, in an amount not to exceed $465,000.00. VAIL TOWN COUNCIL AGENDA ITEM REPORT ATTACHMENTS: council memo-overlay.docx 36 To:Town Council From:Public Works Date:04/02/2024 Subject:2024 Vail Overlay Contract Award I.ITEM/TOPIC 2024 Vail Overlay Contract Award II.ACTION REQUESTED OF COUNCIL Authorize the Town Manager to enter into an agreement with 360 Paving to complete the 2024 Vail Overlay Project. III.BACKGROUND Staff received 3 bids for the 2024 Vail Overlay Project from 360 Paving, GM Asphalt Repair LLC and United Companies. The project is budgeted with the Capital Street Maintenance budget. Roads included in this year’s asphalt overlay project include Spruce Dr, Spruce Way, Streamside Circle East, Gore Cir and Columbine Dr north of Bighorn Rd. The project is scheduled to be completed by September 20, 2024. IV.STAFF RECOMMENDATION Authorize the Town Manager to enter into an agreement, in a form approved by the Town Attorney, with 360 Paving to complete the 2024 Vail Overlay Project in the amount not to exceed $465,000.00. 37 AGENDA ITEM NO. 6.7 Item Cover Page DATE:April 2, 2024 SUBMITTED BY:Chad Salli, Public Works ITEM TYPE:Consent Agenda AGENDA SECTION:Consent Agenda SUBJECT:Contract Award to A-1 Chipseal for the 2024 Vail Slurry Seal Project SUGGESTED ACTION:Authorize the Town Manager to enter an agreement, in a form approved by the Town Attorney, with A-1 Chipseal to complete the 2024 Vail Slurry Seal Project, in an amount not to exceed $180,000.00. VAIL TOWN COUNCIL AGENDA ITEM REPORT ATTACHMENTS: council memo-slurry.docx 38 To:Town Council From:Public Works Date:04/02/2024 Subject:2024 Vail Slurry Seal Contract Award I.ITEM/TOPIC 2024 Vail Slurry Seal Contract Award II.ACTION REQUESTED OF COUNCIL Authorize the Town Manager to enter into an agreement with A-1 Chipseal to complete the 2024 Vail Slurry Seal Project. III.BACKGROUND Staff received 2 bids for the 2024 Slurry Seal Project. The project is budgeted with the Capital Street Maintenance budget and is within the engineer’s estimate. Roads included in this year’s asphalt preventive maintenance project are Cabin Cir, Eagles Nest Cir, Fairway Ct, Fairway Dr, Homestake Cir, Hornsilver Cir, Ptarmigan Rd, Spring Hill Ln, Beaver Dam Rd, Beaver Dam Cir, Forest Rd, Rockledge Rd and Spraddle Creek Rd. The project is scheduled to be completed by July 3, 2024. IV.STAFF RECOMMENDATION Authorize the Town Manager to enter into an agreement, in a form approved by the Town Attorney, with A-1 Chipseal to complete the 2024 Vail Slurry Seal Project in the amount not to exceed $180,000.00. 39 AGENDA ITEM NO. 6.8 Item Cover Page DATE:April 2, 2024 SUBMITTED BY:Pete Wadden, Environmental Sustainability ITEM TYPE:Contract Award AGENDA SECTION:Consent Agenda SUBJECT:Contract Award to Kinetic Industry for Spring Stormwater Maintenance SUGGESTED ACTION:Authorize the Town Manager to enter an agreement, in a form approved by the Town Attorney, with Kinetic Industry for semi-annual stormwater maintenance work, in an amount not to exceed $95,000.00. VAIL TOWN COUNCIL AGENDA ITEM REPORT ATTACHMENTS: May 2024 Stormwater Maintenance SOW EXHIBIT A.pdf Exhibit B - Gutter Bin IDs and Locations.pdf 40 EXHIBIT A SCOPE OF SERVICES The following Scope of Work (“SOW”) is for a stormwater maintenance project located in Vail, Colorado. This SOW outlines the project’s product, services, and the customer payment schedule. All products and services will be provided by Kinetic Industry. 1. Customer: Town of Vail, Colorado 2. Project Location: Vail, Colorado 3. Nature of the Project: Vacuum truck servicing of 277 Gutter Bin® stormwater filtration system catch basin devices and 37 CDS stormwater filtration devices (See Exhibit B for Locations of stormwater infrastructure). As well as hydrovac excavation of no more than six 4 foot by 6 foot deep holes in Lionshead Village. 4. Estimated Project Timeline Milestones a. Project Start: 5/1/2024 b. Project Complete: 5/24/2024 5. Project Budget: $95,000 6. Schedule of Payments: a. 50% ($42,500): Project Start b. 50% ($42,500): Project Completion 41 No.Asset ID Latitude Longitude FCP Location ID 1 Stephens Park 39.620972 -106.426803 xCb79 2 Vail PW 1 39.642177 -106.357579 ipkIyYcS 3 Vail PW 3 39.642234 -106.356943 DvVE10QO 4 Vail PW 5 39.642842 -106.35373 cpZfSAWf 5 Gutter bin 4 39.642487 -106.355055 d8b4bd2d 6 Gutter bin 5 39.642515 -106.355088 9c4b2607 7 VV-148-I-0184 39.64186739 -106.3732407 0871c509 8 VV-148-I-0813 39.64193309 -106.3736403 2fd0e29b 9 VV-156-I-0222 39.642015 -106.375772 acd66d20 10 East Meadow and Park area 2 39.64173 -106.375646 3a9706cc 11 Vail golf club 39.641566 -106.345024 3b39e86f 12 S frontage road 2 39.645125 -106.382696 33be9cb2 13 LH-213-I-0385 39.64535132 -106.3851786 cdcfce83 14 LH-213-I-1041 39.645379 -106.386856 03d72301 15 LH-213-I-0388 39.64522722 -106.3860748 d0452ef3 16 LH-213-I-0387 39.64522627 -106.3854688 afb70999 17 LH-213-I-0386 39.64521579 -106.3852598 06871a5f 18 S frontage road 8 39.645098 -106.384073 028a9bba 19 S frontage road 9 39.64459 -106.382018 52cefa79 20 VV-210-I-0377 39.6437229 -106.3798468 bd2195cc 21 VV-210-I-0378 39.64377799 -106.3802998 5e9129f2 22 Vail community development west bldg 39.643906 -106.380792 af2d4941 23 VV-148-I-0814 39.64201756 -106.3736134 0ef6bcca 24 OBJECTID10489 39.63486689 -106.4092669 25808104 25 LH-213-I-0343 39.64374895 -106.3869671 43803349 26 VV-158-I-0217 39.642096 -106.377408 0080ebec 27 VV-109-I-0147 39.63934765 -106.3697331 0506b823 28 VV-127-I-0181 39.64127531 -106.3711771 076d9966 29 VV-132-I-0205 39.64080115 -106.3740823 07f30b82 30 VV-124-I-0194 39.64122995 -106.3712443 0bbf595b 31 SD-101-I-1088 39.63350336 -106.4116231 0d327d73 32 VV-119-I-0206 39.64078251 -106.3743704 0e782b20 33 VV-127-I-0191 39.64017172 -106.3710375 13a831f0 34 VV-125-I-0198 39.64075294 -106.373548 1ec6cdbc 35 VV-123-I-0179 39.640717 -106.371117 23c7691c 36 VV-119-I-0208 39.64071145 -106.3748127 24d8afc5 37 WVN-074-I-0755 39.63045922 -106.4162477 27530eb2 38 Vv-122-I-0209 39.64078456 -106.3754283 2a79da46 39 Vv-122-I-0190 39.64104373 -106.375512 2f05802d 40 VV-109-I-0144 39.63949821 -106.3689898 2f4a97fd 41 VV-125-I-0175 39.64075626 -106.3730453 315356ab 42 LH-187-I-0416 39.64138904 -106.3937932 3903d188 43 VV-125-I-0199 39.6407652 -106.3734589 3b6724f1 44 VV-158-I-0246 39.64200239 -106.3780427 3f0a5dbb 45 VV-132-I-0186 39.64074923 -106.3738804 41dec73b 42 46 VV-123-I-0192 39.64025266 -106.3725484 421ab97f 47 LH-182-I-0401 39.64415369 -106.3856051 4685451b 48 VV-119-I-0189 39.64067171 -106.3751317 4e9a1154 49 VV-109-I-0145 39.63945757 -106.369318 50c233db 50 LH-213-I-0390 39.64448599 -106.3872024 522ac0aa 51 VV-158-I-0215 39.64213384 -106.3781742 52d954b5 52 VV-210-I-0326 39.643467 -106.378841 52ead503 53 LH-180-I-1121 39.64436921 -106.3913558 53e75b18 54 VV-125-I-0819 39.64027411 -106.3735953 54795f40 55 VV-119-I-0207 39.64075975 -106.3745565 5586c89a 56 VV-123-I-0151 39.64054032 -106.372331 58b6d612 57 VV-109-I-0168 39.63927172 -106.369547 5f110494 58 LH-182-I-0392 39.6441408 -106.3849264 60801b92 59 VV-156-I-0254 39.641248 -106.375672 65a455f3 60 VV-123-I-0153 39.6404688 -106.371761 678a5340 61 VV-123-I-0152 39.64051748 -106.3721442 679d79fc 62 VV-158-I-0252 39.642077 -106.376613 6864f832 63 VV-122-I-0210 39.64093532 -106.3754771 69f2ce63 64 MH-072-I-0599 39.63461877 -106.408952 6cafb166 65 VV-149-I-1025 39.641416 -106.371293 740f0f12 66 VV-128-I-0816 39.64105992 -106.3736525 80b11d14 67 VV-210-I_1111 39.64195804 -106.378705 82ed3a8a 68 MH-049-I-0742 39.63114053 -106.4150866 898b3076 69 VV-124-I-0193 39.640036 -106.371627 8fde80b1 70 VV-125-I-0172 39.64062784 -106.3728 92e032fb 71 VV-210-I-1060 39.64201218 -106.3789034 94bf8098 72 LH-187-I-0525 39.64304535 -106.3933232 96a44c1a 73 WH-126-I-0731 39.63824002 -106.4034283 970743b4 74 WVN-075-I-0753 39.6324988 -106.41359 9aafe3bf 75 VV-132-I-0188 39.64074043 -106.3740784 9ee29946 76 VV-127-I-0171 39.64071029 -106.3709018 9f0fe965 77 VV-125-I-0202 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155 GC-116-I-0130 39.64068577 -106.3611578 aa8c7e20 156 GC-116-I-0155 39.64077117 -106.3605827 02b056fe 157 GC-116-I-0154-1 39.64054 -106.361758 57517c8c 158 VV-109-I-0140 39.63868628 -106.3677835 54be3139 159 VV-109-I-0160 39.63862756 -106.3679843 77d3c520 160 VV-109-I-1047 39.63865067 -106.3681929 8c23ac0a 161 VV-109-I-0159 39.638662 -106.36847 71039bd9 162 VV-109-I-0158 39.63863948 -106.3684207 2b12468b 163 VV-109-I-0998 39.639204 -106.368864 b705287a 164 CG-168-I-1034 39.64205032 -106.3692119 05e0c9c6 165 VV-210-I-0288 39.64300873 -106.3761929 af3bb26b 166 VV-210-I-0299 39.64340625 -106.3771326 be9e736a 167 VV-210-I-0880 39.643526 -106.377732 9a52068e 168 VV-210-I-0374 39.64338352 -106.3781519 6a0f5c69 169 VV-210-I-0305 39.64245371 -106.3793449 c4a06b63 170 LH-161-I-0306 39.64262725 -106.3799172 5ed3036e 171 LH-173-I-0307 39.642778 -106.380344 83e0aa7b 172 LH-173-I-0308 39.642744 -106.380368 7daffc4f 173 LH-173-I-0290 39.64272454 -106.3805789 b996c603 174 LH-173-I-0291 39.64273376 -106.3807288 f6e4240e 175 LH-173-I-0310 39.64279536 -106.3807403 41903835 176 WH-126-I-0748 39.63841236 -106.4036109 96bacdc7 177 WH-126-I-0732 39.638279 -106.403509 79272863 178 VV-119-I-0979 39.64043976 -106.3754995 d3bd70ca 179 VV-119-I-0978 39.64049707 -106.3755847 f429dd4a 180 LH-161-I-0289 39.64268504 -106.3798906 0ad109e9 181 LH-173-I-0309 39.64266107 -106.3805851 b9359f85 182 LH-166-I-0311 39.64286968 -106.3826313 e10660b8 183 LH-212-I-0293 39.64304751 -106.3830493 1661afa5 184 LH-183-I-0391 39.64378339 -106.3841309 2e4c8c21 185 LH-183-I-0340 39.64403443 -106.3845279 6304185c 186 LH-182-I-1032 39.64446172 -106.3849731 9ac389ae 45 187 LH-213-I-1055 39.64477469 -106.3848844 89e9c3ae 188 LH-213-I-1054 39.64491934 -106.3848207 aa21b8c7 189 LH-215-I-0398 39.64496843 -106.3899007 d19f6926 190 LH-215-I-1085 39.64482097 -106.3898504 9b56e0d2 191 LH-215-I-1084 39.6448489 -106.3897126 f149d165 192 LH-215-I-1086 39.64466776 -106.3905031 c3ca619e 193 LH-215-I-1059 39.64439895 -106.390523 79d36f4d 194 OBJECTID10492-1 39.644439 -106.389818 3dcdb301 195 LH-215-I-1138 39.64388668 -106.3888472 959987b4 196 LH-215-I-0409 39.64381514 -106.3890337 5b51a7db 197 LH-215-I-0408 39.64381289 -106.3891191 17e0c420 198 LH-215-I-0407 39.6437981 -106.3892361 8384126e 199 LH-215-I-0406 39.64381733 -106.3893298 10ad76fd 200 LH-215-I-0362 39.64384019 -106.3896659 5f6bc0b1 201 LH-215-I-0360 39.64378405 -106.3896616 66f36d13 202 LH-215-I-0356 39.64334989 -106.3896437 c5f49822 203 LH-215-I-0355 39.64331723 -106.3896906 0e03875c 204 LH-215-I-0357 39.64295288 -106.389629 df12d099 205 LH-215-I-0415 39.642824 -106.3894501 9588b3ff 206 LH-215-I-0895 39.64263701 -106.3902265 19d9d083 207 LH-215-I-0892 39.64273315 -106.3903334 9100988d 208 LH-215-I-0552 39.64278459 -106.3903112 4e0c36be 209 LH-215-I-0553 39.64277408 -106.3902422 6ba38426 210 LH-215-I-0893 39.6428491 -106.3906038 5ba96d58 211 LH-215-I-0551 39.64332009 -106.3906575 2a547a94 212 LH-180-I-0532 39.6433268 -106.3910091 8c1b0d37 213 LH-180-I-0548 39.64331152 -106.391148 723fcfdc 214 LH-180-I-0549 39.64329579 -106.3913626 253f2bf4 215 LH-180-I-0530 39.64343836 -106.3908854 dfdec32b 216 LH-215-I-1067 39.64369341 -106.3905736 d5f74593 217 LH-215-I-1130 39.6439597 -106.3905404 679e74f2 218 LH-215-I-1129 39.64411173 -106.3905836 fa5a102c 219 LH-180-I-0544 39.64280578 -106.3925704 3b69fee5 220 LH-180-I-0527 39.642895 -106.392653 aa2adc3d 221 LH-180-I-0543 39.64277681 -106.3928009 c1ecb443 222 LH-213-I-1139 39.64326872 -106.3869312 769b88a7 223 LH-213-I-1140 39.64324498 -106.3868787 873526a7 224 LH-213-I-0344 39.64339591 -106.3870479 0ec3ace2 225 LH-178-I-1136 39.6432745 -106.3880977 c08ddaa4 226 LH-178-I-1135-2 39.643444 -106.388111 474807b9 227 LH-178-I-0412 39.64345981 -106.387742 39b4fb77 228 LH-178-I-0410 39.64370752 -106.3875141 588811c9 11f57e70 452ae657 84509d36 f6abdc81 46 38d2e4a0 47 AGENDA ITEM NO. 6.9 Item Cover Page DATE:April 2, 2024 SUBMITTED BY:Carlie Smith, Finance ITEM TYPE:Consent Agenda AGENDA SECTION:Consent Agenda SUBJECT:Contract Award to Questica, LTD for Town of Vail Budgeting Software SUGGESTED ACTION:Authorize Town Manager to enter into an agreement, on a form approved by the Town Attorney, with Questica, LTD, for budgeting software not to exceed $66,500.00 VAIL TOWN COUNCIL AGENDA ITEM REPORT ATTACHMENTS: 040224 Contract Award to Questica for Finance Budget Software.pdf 48 TO: Vail Town Council FROM: Finance Department DATE: April 2, 2024 SUBJECT: Budget Software Contract I. PURPOSE This memo requests authorization for the Town Manager to enter into a $236,711 agreement with Questica, LTD, for budget software over a five year term. II. BACKGROUND The Town currently uses its financial management software, New World, as its primary tool for creating and tracking its annual and supplemental budget processes. In addition to the financial software, budget documents are manually created using Word and Excel. The New World software is, first and foremost, an accounting system that secondarily can also track budgets. As the town's budget has grown and has become more complex, there is a need for a more dedicated and sophisticated budgeting tool. This new software will allow for a more collaborative, efficient, and transparent budget process. The software provides an “all in one” place for operating, capital, and personnel budgeting while also integrating with the town’s financial software and website to provide more timely financial transparency to the public while adhering to new state ADA requirements. The software will provide efficiencies in creating the town's annual budget book, allow staff to build out multiple budget scenarios and analyses more easily, and also link budget requests to the Council's strategic plan when building the budget. The contract includes a one-time setup cost of $27,500 for design, configuration, installation, and training and an annual subscription cost of $39,500 for software maintenance, support, and hosting. The agreement has a five-year term, with the annual subscription increasing 3% each year. The total cost of the five-year contract is $236,711. Annual payments are subject to the annual appropriation of the funds. III. ACTION REQUESTED OF COUNCIL Authorize the Town Manager to enter into an agreement with Questica, LTD., in a form approved by the Town Attorney, for an amount not to exceed $236,711. 49 AGENDA ITEM NO. 6.10 Item Cover Page DATE:April 2, 2024 SUBMITTED BY:TJ Johnson, Information Technology ITEM TYPE:Contract Award AGENDA SECTION:Consent Agenda SUBJECT:Contract Award to ResortNet LLC for Wireless Networking Support SUGGESTED ACTION:Authorize the Town Manager to enter an agreement, in a form approved by the Town Attorney, with ResortNet LLC to provide wireless network support services in an amount not to exceed $5,000 per month for 3 years. VAIL TOWN COUNCIL AGENDA ITEM REPORT ATTACHMENTS: Wireless Network Support.pdf 50 To: Vail Town Council From: IT Department Date: April 2, 2024 Subject: Wireless Network Support Agreement I. PURPOSE Provide the Council information about our wireless network support RFP, along with a recommendation for the vendor to contract with for this support. Request authorization for the Town Manager to enter into an agreement with ResortNet, LLC, to provide wireless network support services. II. BACKGROUND The Town relies on wireless networks for a variety of important purposes. Visitors and residents in the town’s commercial cores can use our public wireless network for free, allowing for high- speed data downloads as needed. We also provide wireless connectivity for numerous events around the town, highlighted by the GoPro Mountain Games that comes to town each year. Private wireless networks are provided for all town of Vail employees in our buildings, allowing for mobile computing at its fastest. And finally, these wireless networks support hundreds of internet-connected devices, including surveillance cameras, variable message signs, snowmelt controls, irrigation controls, and more. In today’s modern community, these networks provide critical communication capabilities that make our town safer and very well connected. The IT department posted an RFP for these services and received proposals from 4 different companies. All 4 were able to meet our service needs, but only two fit into our existing budget. Of these two vendors, one is our long-time wireless network provider, whose headquarters are now out of state, and the other is from ResortNet, LLC, a Colorado-based (Summit County) company with several customers in Eagle County. While both companies have significant strengths, we believe that ResortNet’s local presence and focus can provide for even better customer service than we’re currently receiving, and they also offered the lowest price point per month. This expense ($60,000/year) is fully covered by the existing approved IT operating budget. III. ACTION REQUESTED OF COUNCIL Authorize the Town Manager to enter into an agreement, in a form approved by the Town Attorney, with ResortNet, LLC, to provide wireless network support services for $5,000/month for 3 years. 51 AGENDA ITEM NO. 7.1 Item Cover Page DATE:April 2, 2024 TIME:5 min. SUBMITTED BY:Jamie Leaman-Miller, Community Development ITEM TYPE:Action Items AGENDA SECTION:Public Hearings SUBJECT:Ordinance No. 2, Series of 2024, Second Reading of an Ordinance Amending Chapter 7 of Title 12 of the Vail Town Code Regarding Applications for Exterior Modifications in the Commercial Core 1 and Commercial Core 2 Zone Districts SUGGESTED ACTION:Approve, approve with amendments, or deny Ordinance No. 2, Series of 2024 upon second reading. PRESENTER(S):Jamie Leaman-Miller, Planner l VAIL TOWN COUNCIL AGENDA ITEM REPORT ATTACHMENTS: Ordinance No. 2 Staff Memorandum.pdf A. Ordinance No. 2, Series of 2024.pdf B. Staff Memorandum to PEC, 2-26-24.pdf C. PEC Results 2-26-24.pdf 52 Town of Vail 1 TO: Vail Town Council FROM: Community Development Department DATE: April 2, 2024 SUBJECT: Second reading of Ordinance No. 2, Series of 2024, for a Prescribed Regulation Amendment pursuant to 12-3-7 Amendment, Vail Town Code, to amend Section 12-7B-7 Exterior Alterations or Modifications and 12-7C-5 Exterior Alterations or Modifications regarding the development review process for exterior alterations in the Commercial Core 1 (CC1) and Commercial Core 2 (CC2) districts (PEC24-0003) Applicant: Town of Vail Planner: Jamie Leaman-Miller I. SUMMARY The applicant, the Town of Vail, is proposing to amend Section 12-7B-7 Exterior Alterations and Modifications (CC1 zoning) and 12-7C-5 Exterior Alterations or Modifications (CC2 zoning). The proposed amendment would remove the existing requirement that major exterior alterations in these districts are processed only on a biannual basis in February and September. II. ACTION REQUESTED OF THE TOWN COUNCIL The Vail Town Council shall approve, approve with modifications, or deny Ordinance No. 2, Series of 2024, on second reading. III. DESCRIPTION OF REQUEST Please see Attachment A for the draft ordinance with the proposed changes to Sections 12-7B-7 and 12-7C-5. Exterior alterations are reviewed by the PEC in the CC1 and CC2 districts. The existing code sections distinguish between major exterior alterations (adds or removes greater than 100 square feet) and a minor exterior alteration (all other exterior alterations). Major exterior alterations are currently scheduled only on biannual dates in February and September, while minor exterior alterations may be submitted for any regularly scheduled meeting of the PEC. The proposed amendment removes the 53 Town of Vail 2 distinction between major and minor exterior alterations and allows all exterior alterations to be submitted for a regularly scheduled PEC meeting, bringing it in line with other districts. The amendment also includes minor grammatical updates to both sections. IV. BACKGROUND The Planning and Environmental Commission (PEC) held a public hearing on the proposed amendment on February 26, 2024. The PEC forwarded recommendation of approval in a 6-0 vote (Pratt absent). On March 19th, 2024, the Vail Town Council approved the first reading of the ordinance in a 6-0 vote. V. RECOMMENDED MOTION Should the Vail Town Council choose to approve Ordinance No. 2, Series of 2024, on second reading, the Planning and Environmental Commission recommends the Council pass the following motion: “The Vail Town Council approves, on second reading, Ordinance No. 2, Series of 2024, an ordinance amending Chapter 7 of Title 12 of the Vail Town Code regarding applications for exterior modifications in the Commercial Core 1 and Commercial Core 2 zone districts. Should the Vail Town Council choose to approve Ordinance No. 2 Series of 2024, the Community Development Department recommends the Council make the following findings: “The Vail Town Council finds:” 1. That the amendment is consistent with the applicable elements of the adopted goals, objectives and policies outlined in the Vail comprehensive plan and is compatible with the development objectives of the town; and 2. That the amendment furthers the general and specific purposes of the zoning regulations; and 3. That the amendment promotes the health, safety, morals, and general welfare of the town and promotes the coordinated and harmonious development of the town in a manner that conserves and enhances its natural environment and its established character as a resort and residential community of the highest quality.” 54 Town of Vail 3 VI. ATTACHMENTS A. Ordinance No. 2, Series of 2024 B. Staff Memorandum to PEC, February 26, 2024 C. PEC Minutes, February 26, 2024 55 ORDINANCE NO. 2 SERIES 2024 AN ORDINANCE AMENDING CHAPTER 7 OF TITLE 12 OF THE VAIL TOWN CODE REGARDING APPLICATIONS FOR EXTERIOR MODIFICATIONS IN THE COMMERCIAL CORE 1 AND COMMERCIAL CORE 2 ZONE DISTRICTS WHEREAS, applications for major exterior alterations in the Commercial Core 1 and Commercial Core 2 zone districts are currently limited to biannual review by the Town; and WHEREAS, the Town desires to remove the review time limitation so that applications for exterior modifications in the Commercial Core 1 and Commercial Core 2 zone districts are reviewed on an ongoing basis to align with other review processes. NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO, THAT: Section 1. Section 12-7B-7 of the Vail Town Code is hereby amended as follows: 12-7B-7: EXTERIOR ALTERATIONS OR MODIFICATIONS. (A)Subject to review Applicability. The construction of a new building, the alteration of an existing building which adds or removes any enclosed floor area, the alteration of an existing building which modifies exterior rooflines, the replacement of an existing building, the addition of a new outdoor dining deck or the modification of an existing outdoor dining deck shall be subject to review by require approval from the Planning and Environmental Commission (PEC) as follows. (1)Application. An application shall be made by the owner of the building or the building owner's authorized agent or representative on a form provided by the Administrator. Any application for a building in a common interest community condominiumized buildings shall be duly authorized by the condominium association in conformity with all pertinent requirements of the condominium association’s declarations. (2)Application contents. The Administrator shall establish the submittal requirements for an exterior alteration or modification application. A complete list of the submittal requirements shall be maintained by the Administrator and filed in the Department of Community Development. Certain submittal requirements may be waived and/or modified by the Administrator and/or the reviewing body if the applicant demonstrates it is demonstrated by the applicant that the information and materials required are not relevant to the application proposed development or applicable to the planning documents that comprise the Vail Comprehensive Plan. The Administrator and/or the reviewing body may require the submission of 56 2 additional plans, drawings, specifications, samples and other materials if deemed necessary to properly evaluate the proposal. (3) Application date and procedures. Complete applications for major exterior alterations shall be submitted biannually on or before the fourth Monday of February or the fourth Monday of September. Submittal requirements shall include all information in subsection (A)(2) of this section; provided, however, that the architectural or massing model shall be submitted no later than three weeks prior to the first formal public hearing of the Planning and Environmental Commission. No public hearings or work sessions shall be scheduled regarding exterior alterations prior to the biannual submittal date deadlines. At the next regularly scheduled Planning and Environmental Commission meeting following the submittal dates listed above, the Administrator shall inform the Planning and Environmental Commission of all exterior alteration submittals. The Administrator shall commence with the review of exterior alterations following this initial Planning and Environmental Commission meeting. (a)A property owner may apply for a major exterior alteration (greater than 100 square feet) in any year during which he or she shall submit an application on the February or September dates as set forth in this subsection (A)(3). Said application shall be termed a “major exterior alteration”. (b)Notwithstanding the foregoing, applications for the alteration of an existing building which adds or removes any enclosed floor area of not more than 100 square feet, applications to alter the exterior rooflines of an existing building, applications for new outdoor dining decks and applications for modifications to existing dining decks may be submitted on a designated submittal date for any regularly scheduled Planning and Environmental Commission meeting. Said applications shall be termed a “minor exterior alteration”. The review procedures for a minor exterior alteration shall be as outlined in this section. All enclosed floor area for an expansion or deletion pursuant to this subsection (A)(3)(b) shall be physically and structurally part of an existing or new building and shall not be a freestanding structure. (c)A single property owner may submit an exterior alteration proposal which removes or encloses floor area of 100 square feet or less on a designated submittal date and will be reviewed by the Planning and Environmental Commission at any of its regularly scheduled meetings. (4) Work sessions. If requested by either the applicant or the Administrator, submittals shall proceed to a work session with the Planning and Environmental Commission. The Administrator shall schedule the work session at a regularly scheduled Planning and Environmental Commission 57 3 meeting and shall cause notice of the hearing to be sent to all adjacent property owners in accordance with § 12-3-6(C) of this title. Following the work session, and the submittal of any additional material that may be required, the Administrator shall schedule a formal public hearing before the Planning and Environmental Commission in accordance with § 12-3-6 of this title. (3)(5) Hearing. The public hearing before the Planning and Environmental Commission shall be held in accordance with § 12-3-6 of this Title. The Planning and Environmental Commission may approve the application as submitted, approve the application with conditions or modifications, or deny the application. The decision of the Planning and Environmental Commission may be appealed to the Town Council in accordance with § 12-3-3 of this Title. (4)(6) Compliance with comprehensive applicable plans Burden of proof. It shall be the burden of At the hearing, the applicant shall to prove by a preponderance of the evidence before the Planning and Environmental Commission that the proposed exterior alteration is in compliance with the purposes of the CC1 District as specified in § 12-7B-1 of this Article; that the proposal is consistent with applicable elements of the Vail Village Master Plan, the Town of Vail Streetscape Master Plan and the Vail Comprehensive Plan; and that the proposal does not otherwise negatively alter the character of the neighborhood; Further, and that the proposal substantially complies with the Vail Village Urban Design Guide Plan and the Vail Village design considerations, including without limitation to include, but not be limited to, the following urban design considerations: pedestrianization, vehicular penetration, streetscape framework, street enclosure, street edge, building height, views, service/delivery and sun/shade analysis; and that the proposal substantially complies with all other elements of the Vail Comprehensive Plan. (5)(7) Approval. Approval of an exterior alteration under subsections (A)(5) and (A)(6) of this Section shall constitute approval of the basic form and location of improvements including siting, building setbacks, height, building bulk and mass, site improvements and landscaping. (6)(8) Lapse of approval. Approval of an major or minor exterior alteration as prescribed by this article shall lapse and become void two (2) years following the date of approval of the major or minor exterior alteration by the Planning and Environmental Commission unless, prior to the expiration, a building permit is issued and construction is commenced and diligently pursued to completion. (7)(9) Design Review Board review. Any modification or change to the exterior facade of a building or to a site within the CC1 District shall be reviewed by the Design Review Board in accordance with Chapter 11 of this title. 58 4 * * * Section 2. Section 12-7C-5 of the Vail Town Code is hereby amended as follows: 12-7C-5: EXTERIOR ALTERATIONS OR MODIFICATIONS. (A)Review required Applicability. The construction of a new building, the alteration of an existing building which adds or removes any enclosed floor area, the alteration of an existing building which modifies exterior rooflines, the replacement of an existing building, the addition of a new outdoor dining deck or the modification of an existing outdoor dining deck shall be subject to review by require approval from the Planning and Environmental Commission (PEC). as follows: (1)Application. An application shall be made by the owner of the building or the building owner’s authorized agent or representative on a form provided by the Administrator. Any application for a building in a common interest community condominiumized buildings shall be duly authorized by the condominium association in conformity with all pertinent requirements of the condominium association’s declarations. (2)Application contents. The Administrator shall establish the submittal requirements for an exterior alteration or modification application. A complete list of the submittal requirements shall be maintained by the Administrator and filed in the Department of Community Development. Certain submittal requirements may be waived and/or modified by the Administrator and/or the reviewing body if the applicant demonstrates it is demonstrated by the applicant that the information and materials required are not relevant to the application proposed development or applicable to the planning documents that comprise the Vail Comprehensive Plan. The Administrator and/or the reviewing body may require the submission of additional plans, drawings, specifications, samples and other materials if deemed necessary to properly evaluate the proposal. (3)Application date and procedures. Complete applications for major exterior alterations shall be submitted biannually on or before the fourth Monday of February or the fourth Monday of September. Submittal requirements shall include all information in subsection (A)(2) of this section; provided, however, that the architectural or massing model shall be submitted no later than three weeks prior to the first formal public hearing of the Planning and Environmental Commission. No public hearings or work sessions shall be scheduled regarding exterior alterations prior to the biannual submittal date deadlines. At the next regularly scheduled Planning and Environmental Commission meeting following the submittal dates listed 59 5 above, the Administrator shall inform the Planning and Environmental Commission of all exterior alteration submittals. The Administrator shall commence with the review of exterior alterations following this initial Planning and Environmental Commission meeting. (a)A property owner may apply for a major exterior alteration (greater than 100 square feet) in any year during which he or she shall submit an application on the February or September dates as set forth in this subsection (A)(3). Said application shall be termed a “major exterior alteration”. (b)Notwithstanding the foregoing, applications for the alteration of an existing building which adds or removes any enclosed floor area of not more than 100 square feet, applications to alter the exterior rooflines of an existing building, applications for new outdoor dining decks and applications for modifications to existing dining decks may be submitted on a designated submittal date for any regularly scheduled Planning and Environmental Commission meeting. Said applications shall be termed a “minor exterior alteration”. The review procedures for a minor exterior alteration shall be as outlined in this section. All enclosed floor area for an expansion or deletion pursuant to this subsection (A)(3)(b) shall be physically and structurally part of an existing or new building and shall not be a freestanding structure. (c)A single property owner may submit an exterior alteration proposal which removes or encloses floor area of 100 square feet or less on a designated submittal date and will be reviewed by the Planning and Environmental Commission at any of its regularly scheduled meetings. (4)Work sessions. If requested by either the applicant or the Administrator, all submittals shall proceed to a work session with the Planning and Environmental Commission. The Administrator shall schedule the work session at a regularly scheduled Planning and Environmental Commission meeting and shall cause notice of the hearing to be sent to all adjacent property owners in accordance with § 12-3-6(C) of this title. Following the work session, and the submittal of any additional material that may be required, the Administrator shall schedule a formal public hearing before the Planning and Environmental Commission in accordance with § 12-3-6 of this title. (4)(6) Compliance with comprehensive applicable plans Burden of proof. It shall be the burden of At the hearing, the applicant shall to prove by a preponderance of the evidence before the Planning and Environmental Commission that the proposed exterior alteration is in compliance with the purposes of the CC2 District as specified in § 12-7C-1 of this Article; that the proposal is consistent with applicable elements of the Vail Village 60 6 Master Plan, the Town of Vail Streetscape Master Plan and the Vail Comprehensive Plan; and that the proposal does not otherwise negatively alter the character of the neighborhood; Further, and that the proposal substantially complies with the Vail Village Urban Design Guide Plan and the Vail Village design considerations, including without limitation to include, but not be limited to, the following urban design considerations: pedestrianization, vehicular penetration, streetscape framework, street enclosure, street edge, building height, views, service/delivery and sun/shade analysis; and that the proposal substantially complies with all other elements of the Vail Comprehensive Plan. (5)(7) Approval. Approval of an exterior alteration under subsections (A)(5) and (A)(6) of this Section shall constitute approval of the basic form and location of improvements including siting, building setbacks, height, building bulk and mass, site improvements and landscaping. (8)(6) Lapse of approval. Approval of an major or minor exterior alteration as prescribed by this article shall lapse and become void two (2) years following the date of approval of the major or minor exterior alteration by the Planning and Environmental Commission unless, prior to the expiration, a building permit is issued and construction is commenced and diligently pursued to completion. (7)(9) Design Review Board review. Any modification or change to the exterior facade of a building or to a site within the CC2 District shall be reviewed by the Design Review Board in accordance with Chapter 11 of this title. * * * Section 3. If any part, section, subsection, sentence, clause or phrase of this ordinance is for any reason held to be invalid, such decision shall not affect the validity of the remaining portions of this ordinance; and the 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 Vail 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 61 7 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 19th day of March, 2024 and a public hearing for second reading of this Ordinance set for the 2nd day of April, 2024, in the Council Chambers of the Vail Municipal Building, Vail, Colorado. _____________________________ Travis Coggin, Mayor ATTEST: ____________________________ Stephanie Bibbens, Town Clerk READ AND APPROVED ON SECOND READING AND ORDERED PUBLISHED this 2nd day of April, 2024. _____________________________ Travis Coggin, Mayor ATTEST: ____________________________ Stephanie Bibbens, Town Clerk 62 TO: Planning and Environmental Commission FROM: Community Development Department DATE: February 26, 2024 SUBJECT: A request for a review of a Prescribed Regulation Amendment pursuant to 12-3-7 Amendment, Vail Town Code, to amend Section 12-7B-7 Exterior Alterations or Modifications and 12-7C-5 Exterior Alterations or Modifications regarding the development review process for exterior alterations in the Commercial Core 1 (CC1) and Commercial Core 2 (CC2) districts (PEC24-0003) Applicant: Town of Vail Planner: Jamie Leaman-Miller I. SUMMARY The applicant, the Town of Vail, is proposing to amend Section 12-7B-7 Exterior Alterations and Modifications (CC1 zoning) and 12-7C-5 Exterior Alterations or Modifications (CC2 zoning). The proposed amendment would remove the existing requirement that major exterior alterations in these districts are processed only on a biannual basis in February and September. II. DESCRIPTION OF REQUEST The applicant, the Town of Vail, is requesting that the Planning and Environmental Commission (PEC) forward a recommendation of approval to the Vail Town Council for amendments to Section 12-7B-7 Exterior Alterations and Modifications and 12-7C-5 Exterior Alterations or Modifications, pursuant to Section 12-3-7 Amendments, to change the development review process for exterior alterations in the Commercial Core 1 (CC1) and Commercial Core 2 (CC2) districts. 63 Town of Vail Page 2 Exterior alterations are reviewed by the PEC in the CC1 and CC2 districts. The existing code sections distinguish between major exterior alteration (adds or removes greater than 100 square feet) and a minor exterior alteration (all other exterior alterations). Major exterior alterations are currently scheduled only on biannual dates in February and September, while minor exterior alterations may be submitted for any regularly scheduled meeting of the PEC. The proposed amendment removes the distinction between major and minor exterior alterations and allows all exterior alterations to be submitted for a regularly scheduled PEC meeting. The amendment also includes minor grammatical updates to both sections. The CC1 and CC2 districts are found in Vail’s core village area. The CC1 district comprises much of Vail Village; covering an area from Gore Creek to the base area, and Willow Bridge Road on the west to Mill Creek on the eastern boundary. The CC2 district occupies a smaller area composed of the Village Core and Village Center Condos, just east of the terminus of Willow Bridge Road with E Meadow Drive. The following list includes some of the notable changes to the sections over the years: •Ordinance 8,1973: Established comprehensive zoning for Vail, including CC1 and CC2 districts •Ordinance 21, 1980: Added PEC review for exterior alterations in CC1 and CC2 with semi-annual review •Ordinance 41, 1983: Allowed enclosures of less than 100 square feet to be reviewed at any time during the year •Ordinance 4, 1993: Clarified the procedures for exterior alterations, changed biannual review dates to February and September •Ordinance 1: 1998: Waived the biannual submittal deadlines for the year in CC1, CC2, and the Lionshead Study area III.PROPOSED TEXT AMENDMENT LANGUAGE Please see Attachment A for the draft ordinance with the proposed changes to Sections 12-7B-7 and 12-7C-5. IV.ROLES OF REVIEWING BODIES Order of Review: Generally, text amendment applications will be reviewed by the Planning and Environmental Commission and the Commission will forward a recommendation to the Town Council. The Town Council will then review the text amendment application and make the final decision. 64 Town of Vail Page 3 Planning and Environmental Commission: The Planning and Environmental Commission is responsible for the review of a text amendment application, pursuant to Section 12-3-7, Amendment, Vail Town Code, and forwarding of a recommendation to the Town Council. Design Review Board: The Design Review Board (DRB) has no review authority over a text amendment to the Vail Town Code. Town Council: The Town Council is responsible for final approval, approval with modifications, or denial of a text amendment application, pursuant to Section 12-3-7, Amendment, Vail Town Code. Staff: The Town Staff facilitates the application review process. Staff reviews the submitted application materials for completeness and general compliance with the appropriate requirements of the Town Code. Staff also provides the Planning and Environmental Commission a memorandum containing a description and background of the application an evaluation of the application regarding the criteria and findings outlined by the Town Code; and a recommendation of approval, approval with modifications, or denial. V. APPLICABLE PLANNING DOCUMENTS Staff believes that following provisions of the Vail Town Code and Vail Land Use Plan are relevant to the review of this proposal: Title 12, Zoning Regulations, Vail Town Code CHAPTER 12-1, TITLE, PURPOSE AND APPLICABILITY (in part) Section 12-1-2: Purpose: A. General: These regulations are enacted for the purpose of promoting the health, safety, morals, and general welfare of the Town, and to promote the coordinated and harmonious development of the Town in a manner that will conserve and enhance its natural environment and its established character as a resort and residential community of high quality. B. Specific: These regulations are intended to achieve the following more specific purposes: 65 Town of Vail Page 4 1. To provide for adequate light, air, sanitation, drainage, and public facilities. 2. To secure safety from fire, panic, flood, avalanche, accumulation of snow, and other dangerous conditions. 3. To promote safe and efficient pedestrian and vehicular traffic circulation and to lessen congestion in the streets. 4. To promote adequate and appropriately located off-street parking and loading facilities. 5. To conserve and maintain established community qualities and economic values. 6. To encourage a harmonious, convenient, workable relationship among land uses, consistent with Municipal development objectives. 7. To prevent excessive population densities and overcrowding of the land with structures. 8. To safeguard and enhance the appearance of the Town. 9. To conserve and protect wildlife, streams, woods, hillsides, and other desirable natural features. 10. To assure adequate open space, recreation opportunities, and other amenities and facilities conducive to desired living quarters. 11. To otherwise provide for the growth of an orderly and viable community. Vail 20/20 Strategic Action Plan (in part) LAND USE AND DEVELOPMENT Goal #1: Vail will continue to manage growth, maintaining a balance between the bulk and mass of residential, commercial, and recreational uses to ensure the quality, character, diversity and vitality of the town by ensuring that all regulatory and advisory land use documents are updated and current, providing ease of compliance and enforcement, and uniformity among regulatory and advisory documents. Goal #3: Ensure fairness and consistency in the development review process. 66 Town of Vail Page 5 Actions/Strategies Provide transparency of the review process by improving communications. • Embrace policies and practices that ensure honest governmental interaction. • Define ways in which to improve communication with the public. • Review and improve policies regarding notification of design review applications. • Provide adequate training for members of the town’s boards, commissions and committees regarding goals and purposes for regulation. • Develop a streamlined design review process and include in regulation updates. VI. ENVIRONMENTAL IMPACTS The proposed prescribed regulation amendment does not have any identifiable environmental impacts. VII. CRITERIA FOR REVIEW 1. The extent to which the text amendment furthers the general and specific purposes of the zoning regulations; and The general purposes of the zoning regulations are for “promoting the health, safety, morals, and general welfare of the town, and to promote the coordinated and harmonious development of the town in a manner that will conserve and enhance its natural environment and its established character as a resort and residential community of high quality”. The PEC review of exterior alterations in the village already provides an extra layer of scrutiny additional to the DRB review. This amendment preserves the PEC review, safeguarding and enhancing the character of the village, while improving the timeliness and efficiency of that review. Staff finds that the proposed text amendment meets this criterion. 2. The extent to which the text amendment would better implement and better achieve the applicable elements of the adopted goals, objectives, and policies outlined in the Vail comprehensive plan and is compatible with the development objectives of the town; and The proposed amendment would better implement or achieve the applicable elements of the adopted goals, objectives, and policies outlined in the Vail Comprehensive Plan. The amendment advances council priorities as well as goals of the Vail Strategic Action Plan 67 Town of Vail Page 6 as laid out in Section V. In particular, the plan calls for fairness and consistency, as well as streamlining the development review process. Staff finds that the proposed text amendment meets this criterion. 3. The text amendment demonstrates how conditions have substantially changed since the adoption of the subject regulation and how the existing regulation is no longer appropriate or is inapplicable; and The sections in question have not seen significant updates in nearly two decades. When the biannual review was instituted in the eighties, the village was younger and there was a more deliberate approach by grouping similar applications. Today, the village has an established character, and individual applications can be evaluated against the qualities and regulations that distinguish the core. Staff finds that the proposed text amendment meets this criterion. 4. The extent to which the text amendment provides a harmonious, convenient, workable relationship among land use regulations consistent with municipal development objectives; and Staff finds that the amendment will provide a harmonious, convenient, workable relationship among land use regulations consistent with the Town’s development objectives. The amendment increases both the consistency and expediency of the process by removing the distinction between major and minor exterior alterations. Staff finds that the proposed text amendment meets this criterion. 5. Such other factors and criteria the Planning and Environmental Commission and/or council deem applicable to the proposed text amendments Staff will provide additional information as needed should the PEC and/or council determine other factors or criteria applicable to the proposed text amendment. VIII. STAFF RECOMMENDATION The Community Development Department recommends that the Planning and Environmental Commission forward a recommendation of approval for the prescribed regulation amendment to the Vail Town Council. This recommendation is based upon the review of the criteria outlined in Section VII of this memorandum and the evidence and testimony presented. 68 Town of Vail Page 7 Should the Planning and Environmental Commission choose to forward a recommendation of approval to the Vail Town Council for the proposed prescribed regulation amendment, 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 Prescribed Regulation Amendment pursuant to 12-3-7 Amendment, Vail Town Code, to amend Section 12-7B-7 Exterior Alterations or Modifications and 12-7C-5 Exterior Alterations or Modifications regarding the development review process for exterior alterations in the Commercial Core 1 (CC1) and Commercial Core 2 (CC2) districts (PEC24-0003).” Should the Planning and Environmental Commission choose to forward a recommendation of approval to the Vail Town Council for the proposed prescribed regulation amendment, the Community Development Department recommends the Commission makes the following findings: “Based upon a review of Section VII of the February 26, 2024, staff memorandum to the Planning and Environmental Commission, and the evidence and testimony presented, the Planning and Environmental Commission finds: 1. That the amendment is consistent with the applicable elements of the adopted goals, objectives and policies outlined in the Vail Comprehensive Plan and is compatible with the development objectives of the Town; and 2. That the amendment furthers the general and specific purposes of the Zoning Regulations outlined in Section 12-1-2, Purpose, Vail Town Code; and 3. That the amendment promotes the health, safety, morals, and general welfare of the Town and promotes the coordinated and harmonious 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. ATTACHMENTS A. Draft Ordinance Amendment 69 Planning and Environmental Commission Minutes Monday, February 26, 2024 1:00 PM Vail Town Council Chambers Present: Scott P McBride John Rediker Brad Hagedorn Robyn Smith Bobby Lipnick Absent: Henry Pratt 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. Main Agenda 3.1 A request for a review of a Prescribed Regulation Amendment pursuant to 12-3-7 Amendment, Vail Town Code, to amend Section 12-7B-7 Exterior Alterations or Modifications and 12-7C-5 Exterior Alterations or Modifications regarding the development review process for exterior alterations in the Commercial Core 1 (CC1) and Commercial Core 2 (CC2) districts (PEC24-0003) Planner: Jamie Leaman-Miller Applicant Name: Town of Vail PEC24-0003 Staff Memo.pdf A. Draft Ordinance Amendment - 12-7B-7 & 12-7C5.pdf Planner Leaman-Miller gives a presentation on the application. He goes over the two zone districts that are effected by the proposed changes, Commercial Core 1 and Commercial Core 2. The proposal is to remove the section that mandates that major exterior alterations be submitted and only reviewed twice a year. This is contrary to other types of applications and zone districts where applications can be reviewed at any regularly scheduled PEC meeting. Rediker asks about the purpose of the original bi-annual review. Leaman-Miller explains that they likely needed to be reviewed at the same time and they had a lot of applications at the same time that necessitated them being reviewed. Rediker asked when this was language was added. Leaman-Miller answers that it was done in the 1980s and has been waived in times since then, so not consistently applied. Jensen asks if this is the only district that has this bi-annual review. Leaman-Miller states that is correct. Lionshead has a cutoff of 1,000 square feet for exterior alterations that need to be reviewed by the PEC, but those can be reviewed at any regular PEC meeting. Planning and Environmental Commission Meeting Minutes of February 26, 2024 1 70 Hagedorn asks about difference between major and minor amendments. Leaman-Miller goes over the square footage difference between the two, but that is the only differentiating factor. McBride asks to see the map again. No public comment. Public comment closed. Lipnick goes over the criteria to review and this amendment reserves the PEC’s review of the changes in the village. Improves the timeliness and efficiency of review. Makes sense to be more fair, consistent, and streamlines the review process. Rediker agrees and believes the criteria are met by the application and as noted in staff’s memo. Better reflects the current state of affairs in Vail Village. Smith compliments staff on the memo and presentation. McBride agrees with Lipnick on needing the oversight by PEC and this maintains that requirement. No notable environmental impacts by this change. Bobby Lipnick made a motion to Recommend for approval ; Robyn Smith seconded the motion Passed (6 - 0). 4. Approval of Minutes 4.1 PEC Results 2-12-24 PEC Results 2-12-24.pdf Robyn Smith made a motion to Approve ; Bill Jensen seconded the motion Passed (5–0–1) (Lipnick abstained). 5. Information Update Planner Roy goes over applications for renewal for PEC appointments, geothermal in Ford Park, Exterior Energy Offset Program, Transportation Master Plan update, West Vail Commercial and Landscaping code update. 6. Adjournment Robyn Smith made a motion to Adjourn ; Scott P McBride seconded the motion Passed (6 - 0). Planning and Environmental Commission Meeting Minutes of February 26, 2024 2 71 AGENDA ITEM NO. 7.2 Item Cover Page DATE:April 2, 2024 TIME:15 min. SUBMITTED BY:Carlie Smith, Finance ITEM TYPE:Action Items AGENDA SECTION:Public Hearings SUBJECT:Ordinance No. 3, Series of 2024, Second Reading, of an Ordinance Making Budget Adjustments to the Town of Vail General Fund, Capital Projects Fund, Real Estate Transfer Tax Fund, Housing Fund, Heavy Equipment Fund, Timber Ridge Fund, and Residences at Main Vail Fund of the 2024 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. 3, Series of 2024, upon second reading. PRESENTER(S):Jake Shipe, Budget Analyst VAIL TOWN COUNCIL AGENDA ITEM REPORT ATTACHMENTS: 240402 1st Supplemental Budget (2nd Reading).pdf Ord #3- 1st Supp 2024 2nd Reading.pdf 72 TO: Vail Town Council FROM: Finance Department DATE: April 2, 2024 SUBJECT: 2023 Results and 2024 Supplemental Appropriation; 2nd Reading of Ordinance No. 3, Series 2024 I.SUMMARY The completion of the town’s 2023 fiscal year sets the stage and provides context for the town’s first supplemental budget appropriation of 2024. Included in this memo is a high-level preliminary review of 2023 financial results. During Tuesday evening's session, you will be asked to approve the first reading of Ordinance No. 3, making supplemental appropriations and adjustments to the 2024 budget. This supplemental reflects $69.0M of capital projects that span more than one year and need to have funding re-appropriated to the current year in addition to some new requests. II.DISCUSSION Changes to the budget supplemental request from first reading General Fund Staff is requesting a total of $100,000 to continue the summer Hiker Express bus service in 2024 as presented in this afternoon’s Council meeting. This includes estimated personnel costs of $54,437 and $45,563 for mileage. In the summer of 2023 the Hiker Express bus service was launched as a pilot program and was funded by a state grant. Staff is also requesting to transfer an additional $2,472,500 from the General Fund to the Timber Ridge fund based on updated estimates for construction costs for the site, podium, and parking work. The majority of the estimated cost increase is related to the construction of a new bus stop required for the project. Also included in the additional request is a $600,000 allowance. The total 2024 project budget is $41,127,136 with an additional $50,000 place held for legal costs related to the project. Lastly, the EHOP balance will be adjusted to reflect 2023 earnings from this program of $16,299. Earnings are invested back into the program to be used for future EHOP loans. This is not a budgeted expenditure appropriation; however these funds are restricted and are reflected 73 -2 - on the bottom of the General Fund statement to show that these funds within the fund balance are unavailable for spending. Capital Projects Fund During the first reading of the supplemental staff included a reappropriation of $9.60M for bus replacements. This total has been decreased to $7.85M resulting in additional savings to the Capital Projects Fund of $1.75M. The savings are reflected in the fund balance. Real Estate Transfer Tax Fund Staff has included an increase in expenditures of $15,000 for the construction of a split-rail fence at Stephens Park, providing a barrier between the Frontage Road and the park area to improve safety for park users and pets. This supplemental request is the result of a Town Council request at the March 20th meeting. This project would require approval from the Design Review Board prior to construction. During the first reading of the supplemental on March 20th, Council requested additional information on the artist residency space. On March 5th Council received an update on this project. The presentation included a request to use $300,000 of 2023 RETT project savings to cover the budget shortfall for construction costs. The total estimated cost of the project is $1,510,000, of which $102,673 was spent in 2023 for planning and design. Included in the 2024 budget was $17,500 to replace the wildland fire shelter. This project has been deferred to 2026. Timber Ridge Fund Staff is requesting to increase expenditures by $2,472,500 for the Timber Ridge redevelopment. funded by a transfer from the General Fund. Additional information on this request is included above. Repeated from first reading 2023 RESULTS Across all funds, revenues totaled $111.5 million. Excluding large one-time grant revenues from federal grants and the Vail Reinvestment Authority capital reimbursement, 2023 revenues totaled $101.8 million, up $10.2 million from 2022 and up $8.2 million from budget. Sales Tax collections totaled $46.9M in 2023 including both the general 4.0% sales tax ($40.8M) and the new 0.5% housing sales tax ($5.1M). Compared to the prior year, sales tax revenues were up $681.8K, or 1%, and up $2.0 million, or 4%, compared to budget. January through March collections were strong, with visitation and inflation both remaining high as a result of the lingering impacts from the pandemic. However, beginning in May, sales tax collections began to level out after experiencing record-breaking year-over-year growth beginning in 2020. Real Estate Transfer Tax collections totaled $7.6 million, a $1.6 million or 17% decrease compared to 2022. 2022 collections of $9.6 million were up 32.9% from 2019, the last “normal” year on record. A total of 267 properties were sold, with 37% of the real estate sales priced over $2.5 million. 74 - 3 - Construction Use Tax collections of $2.5 million were up $325K or 15% from 2022. In addition to construction use tax, overall construction activity decreased compared to prior year. Lift tax collections of $8.5 million were down 2.0% or $130.7K compared to 2022. Parking revenues totaled $9.4 million during 2023, up 15.0%, or $1.2 million from 2022. For the 2022/2023 winter season (November and December), the town implemented a new daily and parking pass price structure with the goal of changing behavior to encourage sustainable travel such as carpooling and public transportation. 2023 reflected a full calendar year of the new parking pass pricing structure. Investment Earnings in 2023 totaled $7.5 million, up $7.1 million compared to 2022. Beginning in late 2022 interest rates began to rise as a result of Federal Reserve policies with a goal of reducing inflation. 2022 net expenditures totaled $106.1 million compared to $191.0 million budgeted. Of the $84.9 million budget variance, $72.0 million is requested for re-appropriation for capital projects currently underway in the Capital, RETT, Housing, Heavy Equipment, and Residences at Main Vail Funds. The remaining savings of $12.9 million was a result of savings from capital projects ($4.8), town-wide staffing vacancies ($881.0K), reduced event spending ($711K), fewer health insurance claims ($1.2M), and reduced general operating expenditures ($4.9M) such as professional fees, general supplies and materials, programs, and fuel and vehicle supplies. 75 - 4 - 2024 SUPPLEMENTAL APPROPRIATION The main purpose of this supplemental is to re-appropriate funds for capital projects budgeted in 2023 and are continuing into this year, or projects that did not begin as planned. There are also adjustments needed to reflect events or decisions that have occurred since the 2024 budget was finalized. General Fund Revenue General Fund revenues have been increased by $94,878 offset by a decrease in revenue of $2,098. The majority of the increase in revenue, $65,878, reflects project reimbursements and grant funding that will be directly offset by corresponding expenditures including the following: • $33,850 of additional Hope Center grant funds from the Colorado Department of Human Services Behavioral Health Administration. The total amount of this grant for FY24 is $387,700. These funds go towards behavioral health and are sent to Your Hope Center. • $11,700 in rental revenue for January through April for six master leased Timber Ridge units. The rental revenue will partially offset expenditures of $53,008 for the master lease rent, furniture rental, and utility costs. • $20,328 of rental revenue for the newly purchased Buffher Creek unit, partially offset by $9,198 of expenditures. The remaining $29,000 increase in revenue includes the recognition of $15,500 of friends of the library donations that will go towards the annual champagne celebration and the story walk. These expenditures were included in the 2024 original budget. This also a transfer of $13,500 from the RETT Fund. These funds were originally budgeted for an environmental internship but instead are being requested to use towards the Destination Stewardship Management Plan. These funds specifically would be used towards business leadership training, a best practice guide, policy developments, waste program implementation, social media education, and greenhouse gas usage modeling. Revenue has been decreased by a total of $2,098 to true up inter-fund administrative fees, including a $1,000 decrease in the 5% business license collection fee and a $1,198 decrease in the Dispatch Service occupancy charge. General Fund expenditures are proposed to increase by $8,866,068, of which $110,776 will be reimbursed by the revenue items listed above. An additional $5,993,817 represents expenditures budgeted in 2023 and are being requested to be reappropriated. Reappropriations in the General Fund include: • The $5,643,985 transfer from the General Fund to the RETT Fund for the acquisition of the Booth Heights open space parcel. Currently these funds are in an escrow account with Eagle County courts. When these funds are transferred to Vail Resorts the expenditures will be recognized along with the transfer from the General Fund. • $203,440 for the 2023 uniform order for town employees. Uniforms were delayed due to supply chain issues and are anticipated to begin arriving in the spring. • $98,029 of planning project funds for the West Vail Master Plan • A $48,363 transfer of police seizure funds to the capital projects for the purchase of two police canines and associated vehicle modifications utilizing police seizure funds. The K9s were contracted for in 2023 but were delivered to Town of Vail officers in 2024. The corresponding expenditure reappropriation is reflected in the Capital Projects Fund. The remaining $2,872,251 represent new requests: 76 - 5 - • $75,000 to conduct a transit route and operations planning study. This study will review current operations and determine the most efficient routing and operations setup for the bus system. Staff will be pursuing grants to offset a portion of this costs. • $33,000 to conduct an updated compensation study in 2024; a study was initially planned for 2025 (four years since the last study), but the market continues to show significant changes. • $30,000 to cover the increased costs of ammunition due to drastic cost escalations. • $20,000 for additional police department staffing support at the town’s 4th of July celebration. • $15,000 to conduct an employee engagement survey/cultural assessment to align with employee expectations and the new organizational values. • $9,600 annual costs for VLHA public meeting recordings. • $6,875 increase in the Heavy Equipment Fund’s replacement charge for the newly purchased electric loading and delivery carts. The replacement charge is to paid to the Heavy Equipment Fund. The above adjustments to the General Fund 2024 budget result in an estimated fund balance of $26.3 million by the end of 2024, or 43% of annual revenues in a normal year. Capital Projects Fund Budgeted revenues will be adjusted by an increase of $11,598,698. A majority, or $10,455,144, is for reimbursements and grants for capital projects originally budgeted and committed to in prior years but are being re-appropriated due to project timing. These revenues will be directly offset by re-appropriated project expenditures. These include: • A total reimbursement of $4,341,623 from the Vail Reinvestment Authority (VRA) for the planning and design phase of Dobson redevelopment ($3,843,165), Lionshead snowmelt/streetscape repair ($250,000), Frontage Road Enhancements including sidewalk expansion ($220,100), and Children’s Garden of Learning facility relocation ($28,358) • A total of $3,464,882 from two Federal grants to be used towards electric bus purchases. • $2,064,548 for a Colorado Department of Transportation (CDOT) grant towards four electric bus purchases. • $255,728 CDOT grant to be used towards electric bus electric charging infrastructure (four electric bus chargers). • $250,000 Multi-Model Option Funds grant to be used towards bollard infrastructure and to purchase electrical vehicles for the loading and delivery program. • Utilization of $48,363 of police seizure funds will be used for the modification of two patrol cruisers into K9-compatible vehicles ($7,350) and the purchase of two police canines ($41,013) • $30,000 State electric vehicle (EV) grant for EV charging infrastructure at the public works buildings. The remaining $1,143,554 increase in revenues includes: • $921,672 utilization of the 1% Holy Cross franchise fee and $215,875 of the Holy Cross Enhancement Fund for the underground utility project Spraddle Creek and Bald Mountain Rd. The total cost of this project is an estimated cost of $4.2M. Additionally Holy Cross is directly funding the cost of the equipment. • $6,007 transfer from the Marketing Fund towards the purchase of an additional storage container for the Kringle Crossing Holiday Village. 77 - 6 - Staff is requesting to supplement 2024 expenditures by a total of $30,059,716 of which $29,518,209 represents projects budgeted in 2023 but not yet completed/received such as the replacement of eight buses ($7.9M), a placeholder to purchase new Town of Vail employee units ($1.2M); major town facility maintenance and upgrades such as the replacement of the municipal building HVAC and library air handler nearing end of life ($1.3M), the repair of deteriorating bridges in East Vail ($1.0M), the ongoing repair and replacement of streetscape and snowmelt infrastructure in Vail Village ($1.4M), the continuation of the Dobson Redevelopment project ($3.9M), and a $1.3M placeholder for the replacement and exploration of the electrification of aging snowmelt boilers at the Vail transportation center. Please see the Capital Projects Fund statement for a full list of all re-appropriations. New requests/adjustments include the following: • $350,000 is requested for an increase to the Bus Wash Replacement, funded with 2023 savings from Facility Maintenance Projects and Bus Replacements. This was approved by Council at the February 20th meeting. • $150,000 is requested to increase the budget for the ongoing cabling/network infrastructure upgrade project throughout town-owned buildings due to higher-than- expected engineering costs. The total 2024 budget for this project is $795,626. • $32,500 is requested for an increase to the subscription and implementation of a budget software solution. This increase would be offset by 2023 savings in other business systems replacements. The total cost in 2024 is $72,500 and will have an annual subscription cost of $39,500. • $3,000 for the cost of an extended warranty on the three loading and delivery club car purchases All of the above adjustments will result in an estimated fund balance of $26.2 million by the end of 2024. Within the five-year plan, the projected fund balance would reach its lowest amount of $4.0M in 2027. Real Estate Transfer Tax (RETT) Fund Budgeted revenues will be adjusted by an increase of $6,187,745. The majority of this or $6,148,945 is for grant and revenue reimbursements originally budgeted and awarded in prior years but delayed due to project timing. These revenues will be directly offset by re- appropriated project expenditures. This includes: • $5,643,985 delay in the transfer of funds from General Fund for the acquisition of the Booth Heights parcel. • $312,243 re-appropriation of a reimbursement from Eagle River Water and Sanitation District and $150,000 re-appropriation of a reimbursement from Eco Trails for the completion of the re-stabilization of the Dowd Junction retaining wall and bike path • $22,091 re-appropriation of a grant form the Colorado Department of Public Health & Environment for water quality projects. • $10,826 re-appropriation for the unused Protect Wildlife bear education grant funds from Colorado Parks and Wildlife • $9,000 re-appropriation of the usage of bag fees towards the replacement of the catwalk at the Recycling Center The remaining $38,000 increase in revenue is a request to utilize bag fee funds to support the continuation of the Zero Hero Waste Program. This program was cut from the original 2024 budget. 78 - 7 - Staff is requesting to supplement expenditures by a total of $27,436,386 of which $25,827,143 represents projects budgeted in 2023 but not yet completed such as the acquisition of the Booth Heights parcel ($17.6M), the planning and construction of the Ford Park Art Space ($760.4K), a new athletic field and storage restroom to support the Vail Recreation District ($1.0M), the ongoing re-stabilization of the Dowd Junction retaining wall and bike path ($817.6K), and the replacement of synthetic turf at Ford Park ($472.0K). Please see the Real Estate Transfer Tax fund statement for a full list of all re-appropriations. New requests/adjustments include the following: • $1,134,769 for additional legal fees related to the acquisition of the Booth Heights parcel. This supplemental reflects utilizing RETT Fund reserves however this could also be funded by the General Fund with an increase in the loan to the RETT Fund from the General Fund for Booth Heights. • $660,000 increase for the construction of the Ford Park Art Studio. This request will utilize $360,000 of general art program funds and $300,000 of 2023 savings within the RETT fund. This request was approved by Council at the 3/5 Council meeting. • $72,000 increase in the street furniture budget for the purchase of replacement picnic tables throughout town for a more aesthetic option. • $32,000 increase for the Gore Creek Interpretive Signage project due to higher-than- expected cost. Staff is requesting to use 2023 savings in the streambank restoration project. • $15,000 to conduct a feasibility study for a car share program • $13,174 in additional funds for the Protect Wildlife bear campaign for additional bus advertisements and visibility. The total cost of this campaign across 2023 and 2024 is $61,674 and is partially funded by a $22,500 grant. • $6,000 for the purchase of additional 12oz cups to continue the Ball Cup program The above adjustments will result in an estimated fund balance of $8.9 million at the end of 2024, and an ending fund balance of $3.6 million in 2028. An estimated $1.6M is available for Council to used towards the purchase of Booth Heights (decreasing the loan from the General Fund for Booth Heights from $5.6M to $4.0M). These funds can also remain in the fund balance for future projects such as the redevelopment of Dobson Arena, outcomes of the Ford Park plan, and playground safety improvements. Housing Fund Budgeted revenue will increase by $475,000 for the sale of the Pitkin Creek Park unit purchased by the town in 2023. This unit was resold to the community with a “buy-down” as a deed restricted unit. Staff is also requesting to supplement budgeted expenditures by $14,092,051 of which $13,944,946 represents re-appropriations of the town’s housing programs. This includes: • A $5,920,000 placeholder for the acquisition of CDOT parcels at East Vail and West Middle Creek. The East Vail parcel is anticipated to close this month. • $3,892,046 towards pre-development costs for a new housing projects at West Middle • A $1,715,000 placeholder for the acquisition of the CDOT parcel at Timber Ridge. These funds will be transferred to the Timber Ridge Fund, which will directly make the purchase of the parcel. • $680,089 of funds for the InDEED program. The 2024 amended budget includes a total of $3,180,089 for the InDEED program. 79 - 8 - • A carryforward of $102,891 allocated to buy-down housing • A $1,500,000 placeholder to ensure funds are available for future housing purchase opportunities • $37,815 for Timber Ridge Redevelopment implementation New requests/adjustments include the following: • $50,000 placeholder for legal fees associated with the West Middle Creek redevelopment • $43,105 transfer to the Timber Ridge fund for preconstruction management costs • $17,104 to allocate 2023 housing-fee-in lieu collections towards buy down funds. • $4,000 usage of buy-down funds towards Pitkin Creek Park unit utility costs prior to the resale of the unit. The above adjustments will result in an estimated fund balance of $1.2 million at the end of 2024. Residences at Main Vail Fund Staff is requesting to re-appropriate expenditures of $62,019 to fund water quality testing associated with the Residences at Main Vail development. Marketing Fund The Marketing Fund reflects a transfer of $6,007 to the Capital Projects Fund utilizing town produced events funding for the purchase of an additional storage container for the Kringle Crossing Holiday Village. This has no net effect on the total budget. Heavy Equipment Fund Budgeted revenue will increase by $6,875 to reflect the replacement charge for the loading and delivery vehicles paid by the town’s General Fund. Budgeted expenditures are proposed to increase by $1,515,246 and offset by a budget reduction of $287,700 for six vehicles moved forward to the 2023 budget during the last supplemental. The majority of the increase in expenditures, $1,380,182, is requested for vehicle replacements originally budgeted in 2023 and 2022 but have not been purchased due to supply chain issues. Most vehicles budgeted for have been ordered and are awaiting delivery. The remaining $135,114 increase in expenditures is requested as a result of increased costs of a facilities sweeper, class 8 dump truck, and GVW dump 4x4 plow. Theses vehicles are scheduled for replacement this year. Timber Ridge Fund A total increase in expenditure of $189,382 is being requested which includes a $175,624 increase in operational costs estimated for final operational costs before constriction for the redevelopment begins in May. A re-appropriation of $13,758 is also requested for the redevelopment plan implementation. The Timber Ridge Fund reflects a transfer of $1,808,105 from the Housing Fund for the CDOT parcel acquisition ($1,715,000), construction managements costs ($43,105), and legal fees associated with the project ($50,000). 80 - 9 - The above adjustments will result in an estimated remaining fund balance of $839.3K at the end of 2024. 81 Preliminary Proposed 2023 2023 Variance 2024 1st 2024 Amended Actual Fav/(Unfav)Budget Supplemental Amended Revenue Local Taxes:40,085,000$ 41,869,711$ 1,784,711$ 40,850,000$ 40,850,000$ Sales Tax Split b/t Gen'l Fund & Capital Fund 62/38 59/41 62/38 62/38 Sales Tax 24,853,000 24,853,000 - 25,327,000 25,327,000 Property and Ownership 6,070,789 6,077,562 6,773 8,445,000 8,445,000 Ski Lift Tax 6,234,550 6,536,433 301,883 6,675,000 6,675,000 Franchise Fees, Penalties, and Other Taxes 1,751,381 1,957,912 206,531 1,901,156 1,901,156 Licenses & Permits 3,028,134 2,918,002 (110,132) 2,832,032 2,832,032 Intergovernmental Revenue 3,989,599 3,929,509 (60,090) 3,008,181 33,850 3,042,031 Increased Hope grant passthrough funds (offset by increase in expenditure below) Transportation Centers 8,578,500 9,379,260 800,760 8,930,196 8,930,196 Charges for Services 1,071,347 1,131,070 59,723 1,029,992 (2,098) 1,027,894 True-up GF Administrative fees for Marketing Dispatch Services Funds Fines & Forfeitures 321,500 334,657 13,157 204,116 204,116 Earnings on Investments 1,416,026 3,107,280 1,691,254 500,000 500,000 Rental Revenue 1,462,487 1,519,267 56,780 1,757,238 32,028 1,789,266 Timber Ridge/Buffer Creek rent revenue Miscellaneous and Project Reimbursements 328,145 214,406 (113,739) 518,199 15,500 533,699 Friends of the library donations to be used towards story walk and champagne celebration Total Revenue 59,105,458 61,958,358 2,852,900 61,128,110 79,280 61,207,391 Expenditures Salaries 25,748,500 25,725,105 23,395 28,477,724 39,195 28,516,919 Continuation of summer Hiker bus service ($39.2K) Benefits 9,940,183 9,927,552 12,631 8,940,570 15,242 8,955,812 Continuation of summer Hiker bus service ($15.2K) Subtotal Compensation and Benefits 35,688,683 35,652,657 36,026 37,418,294 54,437 37,472,731 Contributions and Welcome Centers 296,134 186,816 109,318 307,200 307,200 Childcare Program Funding 250,000 168,397 81,603 250,000 250,000 All Other Operating Expenses 13,423,218 11,769,934 1,653,284 12,503,275 453,379 12,956,654 Hope Center grant pass through ($33.9K); 4th of July PD support ($20K); ammunition ($30K); VLHA meeting recordings ($9.6K); Compensation study ($33K); Culture survey ($15K); TR Master lease ($53K); Buffer Creek condo dues/utilities ($9.9K); Uniform order re- appropriation ($203.4K); Continuation of summer Hiker Bus service in 2024 ($45.5K) Heavy Equipment Operating Charges 3,033,696 2,785,914 247,782 3,352,626 3,352,626 Heavy Equipment Replacement Charges 1,101,105 1,194,880 (93,775) 1,193,175 6,875 1,200,050 Loading and delivery electric cart replacement charge Dispatch Services 669,317 669,317 - 691,448 691,448 Total Expenditures 54,462,153 52,427,915 2,034,238 55,716,018 514,691 56,230,709 Surplus (Deficit) from Operations 4,643,305 9,530,443 4,887,138 5,412,092 (435,411) 4,976,682 TOWN OF VAIL 2024 PROPOSED AMENDED BUDGET SUMMARY OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE GENERAL FUND 82 Preliminary Proposed 2023 2023 Variance 2024 1st 2024 Amended Actual Fav/(Unfav)Budget Supplemental Amended TOWN OF VAIL 2024 PROPOSED AMENDED BUDGET SUMMARY OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE GENERAL FUND One-Time Items: Federal Grants CRRSAA Transit Grant (Operating)337,234 337,234 - 236,152 236,152 CARES Transit Grant (Operating)- American Rescue Plan Grant (1,365,835) 1,365,835 American Rescue Plan Initiatives 1,365,835 (1,365,835) Planning Projects Transit Route & Operations Planning (75,000) (75,000) VLMD Transfer for Destination Stewardship Mgmt. Plan 200,000 200,000 - 200,000 200,000 Destination Stewardship Mgmt. Plan (230,319) (17,339) 212,980 (213,815) (13,500) (227,315) Vail Vision (100,000) 100,000 - Civic Area/Dobson Master Plan (350,000) (16,005) 333,995 (350,000) (350,000) West Vail Master Plan (100,000) (1,971) 98,029 (98,029) (98,029) Contingency (25,000) (25,000) Contributions Funded with Reserves Vail Chapel Capital Contribution (500,000) (500,000) - ECO Trail- Eagle Valley Trail Contribution (Minturn)(100,000) (100,000) - Net Increase /(Decrease) due to One- Time Items: (843,085) (98,081) 745,004 (152,663) (186,529) (339,192) Transfer to Marketing & Special Events Fund (1,535,000) (850,000) 685,000 (2,600,000) (2,600,000) Transfer to RETT (Booth Heights Acquisition)(5,643,985) 5,643,985 (5,643,985) (5,643,985) Transfer to Other Funds (1,659,712) (1,611,349) 48,363 (48,363) (48,363) Re-appropriate K9 and vehicle modifications Transfer from RETT 13,500 13,500 Utilize 2024 environmental intern funds for destination stewardship plan Timber Ridge Transfer to TR for Site and Podium (23,749,840) (2,472,500) (26,222,340) Transfer to TR for Building A Subsidy (4,300,000) (4,300,000) Surplus (Deficit) Net of Transfers and One-Time Items (5,038,477) 6,971,013 12,009,490 (25,390,411) (8,773,288) (34,163,698) Beginning Fund Balance 53,512,084 53,512,084 48,473,607 60,483,097 Ending Fund Balance 48,473,607$ 60,483,097$ 23,083,196$ 26,319,399$ As % of Annual Revenues 98%38%43% EHOP balance included in ending fund balance - not spendable 1,542,414$ 16,299$ 1,558,713$ 83 Includes New Request Variance 2023 2023 Favorable 1st 2024 Amended Actuals (Unfavorable)2024 Supplemental Amended 2025 2026 2027 2028 Total Sales Tax Revenue:40,085,000$ 41,869,711$ 1,784,711$ 40,850,000$ -$ 40,850,000$ 41,667,000$ 42,500,000$ 43,775,000$ 45,088,000$ 2024: Down 1% from 2023 Forecast (Includes estimates to Residences Inn), 2025/2026: 2% increase, 2027/2028: 3% Increase Sales Tax Split between General Fund & Capital Fund 62/38 51/41 62/38 62/38 62/38 62/38 62/38 62/38 Sales tax split 62/38 Sales Tax - Capital Projects Fund 15,232,300$ 17,016,711$ 1,784,411$ 15,523,000$ -$ 15,523,000$ 15,833,000$ 16,150,000$ 16,635,000$ 17,133,000$ Updated projections based on YTD actuals, with remainder of the year down 8% from PY; 2% down from 2022 in total; Sales tax split 62/38 Use Tax 2,200,000 2,514,304 314,304 2,040,000 - 2,040,000 2,081,000 2,123,000 2,165,000 2,208,000 Based on 5-year average; 2024 - 2028: 2% Increase Franchise Fee 1,000,000 - (1,000,000) 205,000 921,672 1,126,672 209,000 213,000 217,000 221,000 2024: Utilize 1% Franchise Fee for Holy Cross underground utilities project Federal Grant Revenue 3,464,882 - (3,464,882) - 3,464,882 3,464,882 - - - - 2023: Re-appropriation of $1.65M grant from Hickenlooper/Bennet federal grant award for two additional electric buses; 2024: Re-appropriate Hickenlooper/Bennet Federal grant award for two electric buses ($1.65M); and 5339 (B) Federal Grant towards two electric buses ($1.8M) Other County Revenue 111,333 - (111,333) - - - - - - - 2023: Re-appropriate $50K for VLMD reimbursement for Welcome Center displays; re-appropriate $61.2K grant for share of SOU robot; Other State Revenue 2,606,276 - (2,606,276) 750,000 2,600,276 3,350,276 - - - - 2023: $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; $36K grant for electric car charging infrastructure ; 2024: MMOF grant towards Mobility Hub Design ($750K); Re-appropriate CDOT grant towards four electric buses ($2.0M), CDOT grant towards four electric bus chargers ($255.7K), remaining MMOF Grant for l&d and bollards($164.4K), fleet charging station grant ($30K) Lease Revenue 164,067 170,392 6,325 172,270 - 172,270 172,270 172,270 172,270 180,884 Per Vail Commons commercial (incr. every 5 years); adjusted to remove residential lease revenue ($38K); Per Vail Commons commercial (incr. every 5 years) Project Reimbursement - 49,625 49,625 558,562 215,875 774,437 - - - - 2024: Utilize Holy Cross Enhancement Fund for HCE Underground Utility Project; Total balance $774,437 Timber Ridge Loan repayment 462,999 462,999 - 468,933 - 468,933 468,977 3,537,404 - - 2026: Payoff of Timber Ridge Loan using proceeds of new Timber Ridge unit sales Earnings on Investments and Other 1,074,848 2,292,782 1,217,934 289,610 - 289,610 312,974 29,448 36,360 28,505 2023: $7.5K Tesla rebate. 0.7% returns assumed on available fund balance; Increase based on YTD earnings on investments ($1.0M); 0.7% returns assumed on available fund balance; Total Revenue 26,316,705 22,506,813 (3,809,892) 20,007,375 7,202,705 27,210,080 19,077,221 22,225,122 19,225,630 19,771,389 Facilities Facilities Capital Maintenance 590,000 396,855 193,145 469,500 473,487 942,987 265,000 360,000 370,800 381,924 2023: Fire Station II exhaust extraction system ($75K), Fire Station III Stucco patching/painting ($40K); library air handling replacement ($125), Bus barn gradient tube replacement ($50K); 2024 includes: PW 30% roof replacement ($75K), Buzzard Park repairs ($75K), Buzzard Park roof repairs ($50K), transit office windows and doors ($25K), PW overhead garage door ($50K), PW carpet replacement ($50K); Additional funds for Transit Office Air Handler Engineering and Library Air Handler Engineering using 2023 savings from Municipal Complex Maintenance ($473.5K) 2025 includes: Fire Station II Overhead garage doors ($25K), Library Boiler Replacement ($25K); 2026 includes: Lionshead Transit Center Repairs ($50K), Buzzard Park washer/dryer replacement ($15K); Transit Office carpet replacement ($15K); 2027 includes: Lionshead transit center exterior stain ($45k), Lionshead welcome center 1st floor and Grandview flooring replacement ($100k), PW Shop & Bus Barn Roofing 30% ($75K), PW Shop boiler replacement ($35K), ford park lift station pump ($40K); 2028 includes: Fire Station II Sloped Roof Replacement ($50K), public works administration hot water heater replacement ($40K), vail valley drive lift station ($40k); Municipal Complex Maintenance 1,736,398 281,056 1,455,342 260,000 1,025,000 1,285,000 267,800 275,834 284,109 292,632 2023: Re-appropriate $1.5M towards Muni Air Handling replacement; Comm Dev boiler replacement ($100K), Comm Dev air handler replacement ($75K); 2024: Municipal Complex Maintenance ($260k); Re-appropriate remaining funds for Muni HVAC Replacement ($1.0M); 2025-2028: 3% annual increase Building Energy Enhancement Projects 25,000 - 25,000 25,000 25,000 50,000 25,000 25,000 25,000 25,000 2023: Placeholder for energy enhancements specific to Town buildings; 2024: Re-appropriate funds for planned energy enhancements to Town buildings; 2024 - 2028: Placeholder for energy enhancements specific to Town buildings Public Works Building Maintenance 180,000 - 180,000 - 180,000 180,000 - 100,000 - - 2023: Re-appropriated $100K to relocate furnace and partial exterior paint. $80k Window replacement; 2024: Re- appropriate funds towards PW Admin exterior building paint, furnace relocation, and window replacement ($180K) 2026: Roof Replacement ($100K) Welcome Center/Grandview Capital Maintenance 125,000 41,222 83,778 25,000 96,778 121,778 25,000 25,750 26,523 27,318 2023: Re-appropriate $213K to complete replacement of Welcome Center Display upgrades; Re-appropriate $100K for furniture replacement; 2024: Re-appropriate furniture upgrade in Lionshead welcome center ($83.7K); Use savings of $13K from Welcome Center displays to go towards furniture upgrades; 2024 - 2028: Annual Maintenance ($25k) Welcome Center display upgrades 226,000 213,000 13,000 - - - - - - - 2023: Welcome Center Display upgrades Purchase of Employee Rental Units 4,781,958 3,557,822 1,224,136 2,000,000 1,224,136 3,224,136 2,000,000 2,000,000 2,500,000 2,500,000 2024-2028: Placeholder for purchase of TOV employee housing stock; 2024: Re-appropriate funds towards continuing purchase of TOV employee housing stock ($1.2M) Employee Rental Capital Maintenance 402,725 271,235 131,490 150,000 130,000 280,000 150,000 75,000 75,000 75,000 2024-2028: Capital Maintenance budget for town owned rental units; 2024: Re-appropriate window replacement Buffehr Creek #6A and #4A ($47.2K) and roof replacement at the Hamlet unit ($72.8K) Snowmelt Boilers Replacement 1,590,000 478,366 1,111,634 1,000,000 1,111,634 2,111,634 2,500,000 - 3,500,000 - 2023: $1.0M for (3) BTU boiler replacements; $500k for TRC electric boiler replacements (2); 2024-2027: Placeholder for replacement of BTU boilers at end of life with more efficient models; 2024: Re-appropriate funds towards Boiler Replacements ($1.3M) Arrabelle Snowmelt Boilers 190,000 - 190,000 - 190,000 190,000 - - - - 2023: Placeholder for boiler replacement; Shared expense with Arrabelle (VR) for streetscape heat; 2024: Re- appropriate funds towards Arabelle Boiler Replacement ($190.0K) Donovan Pavilion Remodel 25,000 - 25,000 50,000 - 50,000 - 25,000 - - 2023: $25K annual capital maintenance budget; 2024/2026: Capital Maintenance Placeholders Mountain Plaza Elevator Renovation - - - - - - 100,000 - - - 2025: Mountain plaza elevator renovation (shared cost with Vail Resorts) TOWN OF VAIL 2024 PROPOSED AMENDED BUDGET SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE CAPITAL PROJECTS FUND 12 84 Includes New Request Variance 2023 2023 Favorable 1st 2024 Amended Actuals (Unfavorable)2024 Supplemental Amended 2025 2026 2027 2028 TOWN OF VAIL 2024 PROPOSED AMENDED BUDGET SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE CAPITAL PROJECTS FUND Vail Mobility Hub Expansion - - - 1,500,000 - 1,500,000 - 2,000,000 - - 2024: Design for Vail Mobility Hub (VTRC) Expansion ($750K MMOF match grant); 2026: Placeholder for future grant match to construction expansion Fire Sprinkler Upgrades at Bus Barn 100,000 - 100,000 500,000 100,000 600,000 - - - - 2023 includes $100K for design with $500K in 2024 for installation; 2024: Update Fire Sprinkler system in bus barn to accommodate needs of expanded electric bus fleet ($500k); Re-appropriate design funds for sprinkler system updates ($100K) Public Works Shops Expansion 175,037 60,494 114,543 - 114,543 114,543 - - - - 2023: Re-appropriated $257K to pave the ring road on western side of project. Expansion and remodel of the Public Works shop complex as outlined in an updated public works master plan; Utilize project savings for 800-amp electrical upgrades for EV-charging capability and four electric vehicle chargers at Public Works Shops ($82K); Re-appropriate funds towards architectural feasibility and planning for identified phase two expansion opportunities ($114.5K) Total Facilities 10,147,118 5,300,051 4,847,067 5,979,500 4,670,578 10,650,078 5,332,800 4,886,584 6,781,432 3,301,874 Parking Parking Structures 1,290,000 566,871 723,129 1,040,000 - 1,040,000 1,287,000 1,275,000 1,315,000 1,405,000 2024-2028: Various repairs including deck topping replacement, expansion joint repairs, ventilation, HVAC, plumbing and other structural repairs Parking Entry System / Equipment 526,898 199,707 327,191 - 327,191 327,191 - - - 1,045,500 2023: Re-appropriate $283.2K prepaid parking subscription funds to be amortized over subscription period; Re- appropriate $209K for ongoing costs of the new parking system; $35K additional parking system costs; 2024: Re- appropriate $114.8K for remaining parking system replacement costs; 2028: Placeholder for parking system update Red Sandstone Parking Structure - - 70,000 - 70,000 - 50,000 - - 2024: $70K structure resealing; 2026: $50K Concrete patch replacement Lionshead Parking Structure Landscape Renovations (VRA) 20,000 - 20,000 - - - - - - - 2023: Re-appropriate $20K to complete landscaping at the Lionshead parking structure Total Parking 1,836,898 766,578 1,070,320 1,110,000 327,191 1,437,191 1,287,000 1,325,000 1,315,000 2,450,500 Transportation Bus Shelters 258,489 55,906 202,583 30,000 202,583 232,583 30,000 30,000 30,000 30,000 2023: Re-appropriate remaining budget to complete 4th shelter ($28K) Bus shelter annual maintenance; 2024 - 2028: Bus shelter annual maintenance ($30K); 2024: Re-appropriate funds for Bus Shelter Additions in East Vail ($202.6K) Replace Buses 9,846,643 1,866 9,844,777 - 7,850,000 7,850,000 - - - - 2023: Re-appropriate $9.8M bus replacements, 6 anticipated in 2023 of which a portion of this is offset by grant reimbursements; 2024: Re-appropriate $7.9M funds for six bus replacements with electric models - Offset by grant funding ($9.6M) Bus Wash Equipment 300,000 - 300,000 - 650,000 650,000 - - - - 2023: Replace Bus Wash System with simpler more reliable drive through brush system. Current system is six years old is consistently breaking down; 2024: Re-appropriate Bus Wash Replacement ($300K); Increase in cost for bus wash replacement, offset by 2023 savings in Facility Maintenance and Bus Replacements ($350K) Bus Transportation Management System - - - - - - - - - 1,000,000 2028: Replacement for Bus Management System ($1.0M) Bus Sign Replacement 165,270 150,245 15,025 - 15,025 15,025 - - - - 2023: $165.3K for the replacement of 15 intown electric bus signage with Sunrise 2-line CDP. The current Daktronics signs are 9 years old and at the end of their useful life. The Sunrise signs give transit the ability to display real time bus arrival information, as well as post messages about route impacts and service changes riders may experience. 2024: Re-appropriate $15.0 remaining funds for electric bus signage replacement project Traffic Impact Fee and Transportation Master Plan Updates 273,104 224,161 48,943 - 48,943 48,943 - - - - 2023: $273K for ongoing updates to the mobility and transportation master updates; 2024: Re-appropriate remaining funds to finalize and adopt Go Vail 2045 ($48.9K) Hybrid / Electric Bus Battery Replacement 165,000 - 165,000 - 165,000 165,000 - 360,000 - 500,000 2024: Re-appropriate $165K contingency for hybrid bus battery failure; 2026: Scheduled replacement placeholder; Estimated life of 6 years; While batteries are passed their lifecycle replacement has not been needed as of yet; 2028: $500,000 Placeholder for Electric Bus Battery Replacement Bus Camera System - - - - - - - 290,000 - - 2023: $15K for Installation of software and cameras in buses; 2026: Replace current fleet of 33 buses with updated camera surveillance system. In 2026 the camera system will be 11 years old and reaching end of life Electric bus chargers and electrical service rebuild 397,020 3,237 393,783 600,000 393,783 993,783 - - - - 2023: $397K for electric bus charging infrastructure; 2024: $600K New charging station placeholders for additional electric buses added to fleet; Re-appropriate $393.8K for electric bus charging infrastructure project Total Transportation 11,405,526 435,415 10,970,111 630,000 9,325,334 9,955,334 30,000 680,000 30,000 1,530,000 Road and Bridges Capital Street Maintenance 1,350,000 1,331,659 18,341 1,640,000 - 1,640,000 1,450,000 1,743,000 1,457,000 2,145,000 2023: Annual Capital street maint placeholder allocation includes asphalt and mill overlay ($575K); On-going maintenance to roads and bridges including asphalt overlays, patching and repairs; culverts; 2024 includes surface seal ($310K); asphalt mill overlay ($550K); Drainage Improvement ($105k) Street Light Improvements 365,000 - 365,000 75,000 365,000 440,000 75,000 80,000 80,000 80,000 2023: Re-appropriate street light replacements, town now has electrical supervisor to complete work $290K; Town-wide street light replacement; 2024 - 2025: Annual Town-wide street light replacement ($75K); 2026 - 2028: $80K annual Town-wide street light replacement ($80K); 2024: Re-appropriate street light improvements ($365K) Slifer Plaza/ Fountain/Storm Sewer 70,714 - 70,714 - 70,714 70,714 - - - - 2023: Re-appropriate $70.7K for water quality smell issues; 2024: Re-appropriate $70.7k towards water quality smell issues not completed in 2023 Vail Health / TOV Frontage Road improvements 250,000 14,683 235,317 - 235,317 235,317 - - - - 2023: $250K for roundabout project, landscape and signage $250K of which $235K will be reimbursed by the VRA with $15K reimbursed by Vail Health for the bus stop; 2024: Re-appropriate funds for the remaining project: widen sidewalk at Vail International ($235.3K) 13 85 Includes New Request Variance 2023 2023 Favorable 1st 2024 Amended Actuals (Unfavorable)2024 Supplemental Amended 2025 2026 2027 2028 TOWN OF VAIL 2024 PROPOSED AMENDED BUDGET SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE CAPITAL PROJECTS FUND Neighborhood Bridge Repair 1,493,199 407,600 1,085,599 - 1,085,599 1,085,599 - 500,000 - - 2023: Bridge repair Nugget Lane ($593K),Gore Creek ($450K), and Lupine Drive ($450K); 2024: Re-appropriate funds for complete on going projects at Nugget Ln, Lupine Dr, Bighorn Rd at Pitkin and Bighorn Creeks, as well as scour mitigation at Main Gore Dr and Chamonix Rd ($1.1M); 2026: Kinnikinnick East Bridge Rehabilitation Seibert Fountain Improvements 27,082 - 27,082 - 27,082 27,082 - 100,000 - - 2023: $27K for continued fountain upgrades; 2024: Re-appropriate funds for fountain upgrades ($27.0K) not complete in 2023; 2026: Placeholder for pump replacement Roundabout Lighting Project 1,950,000 713,303 1,236,697 - 1,236,697 1,236,697 - 2,000,000 - - 2023: The 2023 budget includes $1.8M with $150K contingency. This project 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; 2026: New lighting at the West Vail roundabout. Current light poles will be replaced with 30' LED light poles and would incorporate smart transportation equipment such as traffic cameras ($2M); 2024: Re-appropriate funds to complete lighting project at Town Center ($1.2M) Neighborhood Drainage Master Plan Update - - - - - - 350,000 - - - 2025: Develop Town Drainage Master Plan to be consistent with new East Vail Drainage Master Plan & updated rainfall intensities Neighborhood Road Reconstruction 1,615,701 26,893 1,588,809 - 1,588,809 1,588,809 - - 1,000,000 - 2023:$1.6M for East Vail road draining improvements, to be constructed this year. 2023 includes additional $300K for increased construction costs for this project; 2024: Re-appropriate funds for Meadow Dr culvert lining project, culvert replacement on Black Gore Dr, design for drainage improvements at Meadow Dr/Meadow Ln ($1.6M) 2027: East Vail Road Drainage Improvements West Lionshead Circle Crosswalk - - - - - - - 100,000 650,000 - 2026/2027: $750K for crosswalk at Lionshead place East Vail Interchange Underpass Sidewalk - - - - - - - - 750,000 - 2027: Request from the Planning and Environmental Commission to construct a pedestrian sidewalk beneath the East Vail interchange; pedestrian count study at the underpass is recommended to be completed before the start of this project. Project deferred from 2020 to 2027; 2027: Request from the Planning and Environmental Commission to construct a pedestrian sidewalk beneath the East Vail interchange; pedestrian count study at the underpass is recommended to be completed before the start of this project. Project deferred from 2020 to 2027 Vail Village Streetscape/Snowmelt Repair 1,433,961 1,433,961 - 1,500,000 1,433,961 2,933,961 - 1,250,000 - - 2024 - 2026: Replacement of 18 yr. old streetscape and snowmelt infrastructure (piping) in Vail Village; Re-appropriate funds for ongoing Vail Village Streetscape/Snowmelt repair ($1.4M) Vail Road Sidewalk Construction - - - - - - 100,000 1,000,000 - - 2025: Sidewalk construction on Vail Rd. between Beaver Damn and Forest Rd. ; 2025/2026: Sidewalk construction on Vail Rd. between Beaver Dam and Forest Rd. East Mill Creek Culvert Replacement - - - - - - - - 100,000 1,000,000 2025: Replace the metal pipe culvert from Vail Valley drive from Gold Peak to Manor Vail; 2027/2028: Replace the metal pipe culvert from Vail Valley drive from Gold Peak to Manor Vail Sandstone Creek Culvert Replacement at Vail View - - - - - - - - 100,000 1,000,000 2025: Replace the metal pipe culvert at Sandstone Creek and Vail View Drive; 2027/2028: Replace the metal pipe culvert at Sandstone Creek and Vail View Drive Lionshead Streetscape/Snowmelt Replacement (VRA)1,500,000 496,604 1,003,396 - 250,000 250,000 - - - - 2023: Replacement of 18 yr. old streetscape and snowmelt infrastructure in Lionshead; 2024: Re-appropriate funds for the completion of 18 yr. old streetscape and snowmelt infrastructure replacement ($250k) Total Road and Bridge 10,055,657 4,424,703 5,630,954 3,215,000 6,293,179 9,508,179 1,975,000 6,773,000 4,137,000 4,225,000 Technology Town-wide camera system 30,000 30,000 - 30,000 - 30,000 50,000 50,000 25,000 25,000 $30K Annual maintenance; 2024-2028: Annual maintenance Audio-Visual capital maintenance 155,000 153,891 1,109 150,000 - 150,000 100,000 50,000 50,000 50,000 2023: Update of Council Chambers, Grandview/Library/Community room/Donovan A/V systems; Annual maintenance / replacement of audio-visual equipment in town buildings such as Donovan, Municipal building, Grand View, LH Welcome Center; Replacement cycle every 3-5 years Cybersecurity 150,000 120,238 29,762 125,000 - 125,000 125,000 125,000 125,000 125,000 Annual 'Investment in cybersecurity, to keeps up with the ongoing changes that are required to maintain a safe and secure computing environment (previously budgeted in software licensing); 2023: Includes additional firewall purchase; Annual 'Investment in cybersecurity, to keep up with the ongoing changes that are required to maintain a safe and secure computing environment (previously budgeted in software licensing) - $125k Software Licensing 905,000 734,771 170,229 865,000 - 865,000 890,950 917,679 945,209 973,565 2023: Building OS Software $30K. Annual software licensing and support for town wide systems; $150K adjustment due to new government accounting statement for subscription based technology agreements; Annual software licensing and support for town wide systems (3% Annual Increase) Hardware Purchases 75,000 71,626 3,374 75,000 - 75,000 85,000 85,000 85,000 85,000 2023:$75K for workstation replacements (20-25 per year); 2024-2028: Workstation replacements (20-25 per year) Website and e-commerce 65,000 62,744 2,256 70,000 - 70,000 67,500 157,500 67,500 67,500 2023: Annual website maintenance ($60K); Expanded website development support ($5K); 2024-2028: Annual website maintenance ($60K); 2024: New Website ADA Compliance Tool Implementation ($10K); 2025-2028: Website ADA Compliance Tool Continuation ($7,500); 2026: Placeholder to reevaluate current system and assess the need to upgrade ($90k) Fiber Optics / Cabling Systems in Buildings 953,549 357,923 595,626 50,000 745,626 795,626 50,000 50,000 50,000 50,000 2023: $528.5K for project implementation; $100K Repair, maintain & upgrade cabling/network Infrastructure $50K; $325K increase in boring and trenching contract costs; 2024-2028: Repair, maintain & upgrade cabling/network Infrastructure ($50K); 2024: Re-appropriate funds towards ongoing construction costs for network upgrade ($595.6K); Increase for higher than expected engineering costs ($150K) Network upgrades 65,000 60,068 4,932 150,000 - 150,000 150,000 125,000 50,000 50,000 Computer network systems - replacement cycle every 3-5 years ($50K); Additional labor costs related to network replacement ($15K); Annual Computer network systems - replacement cycle every 3-5 years Data Center (Computer Rooms)160,000 159,197 803 150,000 - 150,000 150,000 150,000 150,000 150,000 2023: $150K data center maint; Additional server processor required maintenance ($10K); 2024-2028: $150K data center maint Data Center equipment replacement - - - 1,750,000 - 1,750,000 - - - - 2024: Replacement of data center main stacks ($1.75M) Broadband (THOR)110,000 106,399 3,601 110,000 - 110,000 125,000 125,000 125,000 125,000 2024-2028: Annual Broadband Expenses Phone System 100,000 58,016 41,984 - - - - - - - 2023: Avaya phone system upgrade/replacement ($100K) 14 86 Includes New Request Variance 2023 2023 Favorable 1st 2024 Amended Actuals (Unfavorable)2024 Supplemental Amended 2025 2026 2027 2028 TOWN OF VAIL 2024 PROPOSED AMENDED BUDGET SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE CAPITAL PROJECTS FUND Business Systems Replacement 125,000 - 125,000 - 90,000 90,000 30,000 100,000 30,000 - 2023: Re-appropriate $55K for HR Performance mgmt. system; 2023: Placeholder for Budget Software ($40K); $30K every other year for parking system upgrades; 2024: Re-appropriate funds for HR performance management system ($17.5K) and budget software ($40K); Budget software price increase funded with 2023 savings from other business systems ($32.5K) 2025/2027: $30K every other year for parking system upgrades; 2026: Placeholder for Business System Replacements ($100k) Total Technology 2,893,549 1,914,875 978,675 3,525,000 835,626 4,360,626 1,823,450 1,935,179 1,702,709 1,701,065 - Public Safety - Public Safety System / Records Mgmt. System (RMS) - - - - - - 660,000 - - - Town's portion of Dispatch Records Management system Public Safety IT Equipment 150,000 27,174 122,826 40,000 - 40,000 35,000 35,000 35,000 35,000 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; ; Annual Maintenance/Replacement of PD IT Equipment including patrol car and fire truck laptops and software used to push information to TOV and other agencies; Public Safety Equipment 486,058 394,336 91,722 140,600 48,363 188,963 140,600 117,000 117,000 117,000 2023: $17.1K for flock safety LPR cameras; $14.8K for 11 additional AED units, $32.2K Axon body camera equipment- annual cost. Reappropriate SOU robot, received in 2023 $92k. Acquisition of two police K9s ($41K) and associated vehicle modifications ($7k) Purchase of two sniper rifles for the SOU ($20K); Axon body camera system ($125K in 2024- 2025; $102K in 2026-2028); Flock LPR Cameras ($15K annually); 2024: Reappropriate Acquisition of two police K9s ($41.0K) and associated vehicle modifications ($7.4k) Terradyne Public Safety Vehicle - - - 145,000 - 145,000 - - - - 2024: $145,000 for the Town of Vail contribution towards the acquisition of a terradyne armored vehicle by the Eagle County Special Operations Unit (Maintenance cost to be funded by the Town of Avon) Fire Safety Equipment 15,000 15,043 (43) - - - 45,000 51,000 368,000 230,000 2023: Re-appropriate backordered equipment, $15K; 2025: $45K knox box system replacement/upgrade; 2026: $16K drone expansion; $35K Extrication Equipment; 2027: Self Contained Breathing Apparatus Replacement ($368k); 2028: Heavy Hydraulic Extrication Equipment Replacement ($130K); Special Rescue Trailer Replacement ($50K); Fire Hose Replacement ($50K) Thermal Imaging Cameras 12,000 9,208 2,792 - - - - 15,000 - 15,860 For the purchase of 3 cameras (2019,2020,2022) which will allow firefighters to see through areas of smoke, darkness, or heat barriers; 2026/2028: Placeholders for thermal camera replacement ($15K) Event Equipment 100,295 99,338 957 - 6,007 6,007 - - - - 2023: Après event tent $12K funded by transfer from Marketing Fund. Event trailer and moveable barricades to provide barriers for vehicle entry into event areas. $88k for the purchase of "Santa's Village" funded by a transfer from the marketing fund; 2024: Purchase of additional storage container for Santa's Village ($6.0K) Radio Equipment replacement/expansion - - - 720,000 (720,000) - 1,020,000 - - - Replacements of radios for PW, PD and Fire (approximately every 5 years); 2024: Defer fire department radio replacement to 2025 Fire Truck Replacement 2,267,162 1,480,125 787,037 - 787,037 787,037 - - 1,030,000 - 2023:$1.7M for ladder truck replacement under contract. 2023: Type III Truck (heavy wildland engine); 2024: Re- appropriate remaining costs for Type 3 Engine Upfitting ($19.2K), Aerial Apparatus Upfitting ($760.4K) 2027: E3 Regular Fire Engine Replacement ($1.0M) Total Public Safety 3,048,515 2,043,224 1,005,291 1,045,600 121,407 1,167,007 1,900,600 218,000 1,550,000 397,860 Community and Guest Service Children's Garden of Learning Temporary Facility Relocation 82,165 49,917 32,248 - 32,248 32,248 - - - - 2023: Re-appropriate $82K to complete on-going east slope work; 2024: Re-appropriate $32.2K towards ongoing gutter and heat tape repairs and replacements Pepi's Memorial 6,000 - 6,000 - - - - - - - 2023: Re-appropriate $6K for artist design of Pepi's Memorial in Pepi's Plaza; Construction currently not budgeted Loading and Delivery Capital 250,000 171,185 78,815 - 126,815 126,815 - - - - 2023: $250K Capital asset purchases to support the loading and delivery program; 2024: Re-appropriate capital asset purchases for the loading & delivery programs ($78.8K); Shift funds from bollard project to loading and delivery ($45.0K); Additional Funds for capital asset purchases ($46.0K); Additional funds for extended warranty on vehicles ($3.0K); 2024 includes 3 club car purchases, in addition to the four purchased in 2023 Energy Enhancements 170,912 109,282 61,630 52,500 61,630 114,130 110,000 138,000 264,000 200,000 2023: $18.9K for EV Charging infrastructure; $40K Installation of EV stations to meet increased demand. There is potential for grants to offset the initial capital cost of the equipment and installation; 800-amp electrical upgrades for EV- charging capability and four electric vehicle chargers at Public Works Shops ($82K).; 2024-2028: Installation of EV stations to meet increased demand. There is potential for grants to offset the initial capital cost of the equipment and installation; 2024: Re-appropriate funds for Public Works Shop EV Chargers and electrical service upgrade ($61.6K) Pedestrian Safety Enhancements 366,213 - 366,213 - 366,213 366,213 200,000 2,000,000 - - 2023: $16K for lighting crossing at Safeway; $350K Construction of RRFB Pedestrian Crossing at Safeway; 2024: Re- appropriate $16K for lighting crossing at Safeway; $350K Construction of RRFB Pedestrian Crossing at Safeway; 2025/2026 Pedestrian Improvements through Main Vail Underpass Bollard Installation Project 650,000 121,464 528,536 - 483,536 483,536 - - - g g ( ) by $250K MMOF Grant in 2023; Re-appropriate funds for ongoing bollard installation project less $45K in funds shifted to loading and delivery project ($483.5K) Civic Area Redevelopment- Dobson 5,057,000 1,160,725 3,896,275 - 3,896,275 3,896,275 50,350,000 - - - 2024: Re-appropriate funds for ongoing Dobson Redevelopment project ($3.9M); 2025: Placeholder for Civic Area Redevelopment / Dobson Underground Utility improvements 2,500,000 12,162 2,487,838 1,700,000 2,487,838 4,187,838 - - - - 2023: Underground HCE from Main Vail to East Vail in conjunction with fiber conduit ($2.5M); 2024: Underground HCE from Main Vail to East Vail in conjunction with fiber conduit ($1.7M) offset by reimbursement above; Re-appropriate unspent 2023 funds towards project ($2.5M) Guest Services Enhancements/Wayfinding 902,907 143,491 759,416 - 759,416 759,416 - 800,000 1,200,000 1,200,000 2023: $153K to for wayfinding sign project, final vendor decision pending; Updated Parking and Transit signage ($749K); 2024: Re-appropriate funds to complete wayfinding signs project ($8.1K); Re-appropriate ongoing parking and transit signage update project ($751.3K); 2026: VMS Replacements; 2027: Updated Wayfinding Signage Program 15 87 Includes New Request Variance 2023 2023 Favorable 1st 2024 Amended Actuals (Unfavorable)2024 Supplemental Amended 2025 2026 2027 2028 TOWN OF VAIL 2024 PROPOSED AMENDED BUDGET SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE CAPITAL PROJECTS FUND Electric Vehicle Pilot Program 127,500 48,885 78,615 - 78,615 78,615 - - - - 2023:$7.5k towards electric vehicle purchases, offset by Tesla rebate (corresponding reimbursement above). Purchase Ford F150 Lightning and Sedan Tesla Model 3 to support Council's goal of an electric vehicle fleet. These vehicles would be rotated into for departments to test capabilities and range. 2024: Re-appropriate purchase of Ford F150 lightning for pilot testing. Vehicle Expansion 641,418 285,447 355,971 133,000 193,815 326,815 - 60,000 - - 2023: Re-appropriate $139K for 2 PD expansion cars, due to order timing; $26K increase in cost for 2 PD Cars. 2023: 5 PD take-home vehicles ($342); Parking Department Nissan Leaf ($33K); Final 2 vehicles for PD take-home program budgeted in 2024 but requested to order in 2023; 2024: 2 PD take-home vehicles, final stage of program implementation ($133k); 2026: Additional Vehicle for Deputy Chief of Community Risk Reduction Position ($60k) Total Community and Guest Service 10,754,115 2,102,558 8,651,557 1,885,500 8,486,401 10,371,901 50,660,000 2,998,000 1,464,000 1,400,000 Total Expenditures 50,141,378 16,987,403 33,153,974 17,390,600 30,059,716 47,450,316 63,008,850 18,815,763 16,980,140 15,006,300 Other Financing Sources (Uses) Debt Service Payment (1,154,784) (1,156,034) (1,250) (1,158,592) - (1,158,592) (1,157,048) (1,155,240) (1,153,620) (1,200,000) Annual Debt Payment for PW Shops; Debt Payment for PW Shops Transfer from Vail Reinvestment Authority 7,081,546 1,966,527 (5,115,019) 200,000 4,341,840 4,541,840 14,545,870 6,233,304 6,285,961 6,527,702 2023: $4.0M placeholder for Dobson renovation; $1.5M Streetscape/Snowmelt Replacement, $1.0M Civic Area Plan, $20K Lionshead parking Landscaping, $235K to complete Frontage Rd Improvements ($250K less $15K reimbursement from Vail Health), $82K to complete CGL boulder wall; 2024: Lionshead Parking Structure Maintenance ($200K); 2024: Re-appropriate transfer from VRA for Dobson renovation ($3.8M); Children's Garden of Learning Relocation ($32.2K); Frontage Road Enhancements ($220.1K); Lionshead Streetscape/Snowmelt Repairs ($250.0K); 2025/2026: Improvements to S. Frontage Rd Medians ($200K); 2025 - 2028: Dobson Transfer to Residences at Main Vail (6,100,444) (6,249,882) (149,438) - - - - - - - 2023: Re-appropriate transfer to Residences at Main Vail Fund for funding beyond bond proceeds and to cover annual debt service payments; $350K increase in transfer to RMV for potential billing discrepancies; 2023: Re-appropriate transfer to Residences at Main Vail Fund for funding beyond bond proceeds and to cover annual debt service payments Transfer to Housing Fund (2,500,000) (2,500,000) - (2,500,000) - (2,500,000) (2,500,000) (2,500,000) (2,500,000) (2,500,000) 2023-2028: $2.5M Transfer to Housing Fund for Vail InDeed program Transfer from Marketing Fund 100,295 99,338 (957) - 6,007 6,007 - - - - 2023: Transfer from Marketing Fund for Après Tent and Kringle Crossing Holiday Village 2024: Transfer from Marketing fund for purchase of additional storage container for Kringle Crossing Holiday Village Transfer from General Fund 48,363 - (48,363) - 48,363 48,363 11,000,000 - - - 2023: Transfer from Police Seizure Funds to cover K-9 acquisitions ($41K) and K9 Vehicle mods (7K); 2024: Re- appropriate Transfer from Police Seizure Funds to cover K-9 acquisitions ($41K) and K9 Vehicle mods (7K); 2025: Transfer from General Fund towards Dobson Transfer to General Fund - - - - - - - (5,000,000) (6,000,000) - 2026-2027: Repayment of funds to General Fund for Dobson Total Other Financing Sources and Uses (2,525,024) (7,840,051) (5,315,027) (3,458,592) 4,396,210 937,618 21,888,822 (2,421,936) (3,367,659) 2,827,702 Revenue Over (Under) Expenditures (26,349,697) (2,320,642) (42,278,893) (841,817) (18,460,801) (19,302,618) (22,042,807) 987,424 (1,122,169) 7,592,791 Beginning Fund Balance 47,872,974 47,872,974 45,552,333 45,552,333 26,249,715 4,206,907 5,194,331 4,072,162 Ending Fund Balance 21,523,277 45,552,333 44,710,516 26,249,715 4,206,907 5,194,331 4,072,162 11,664,953 16 88 Includes New Request Changes since First Reading Preliminary Variance Proposed 2023 2023 Favorable 1st 2024 Amended Actuals (Unfavorable)2024 Supplemental Amended 2025 2026 2027 2028 Revenue Real Estate Transfer Tax 7,600,000 7,994,852$ 394,852$ 7,000,000$ -$ 7,000,000$ 7,000,000$ 7,140,000$ 7,283,000$ 7,429,000$ 2025 flat; 2026-2028 2.0% annual increase Golf Course Lease 173,417 182,663 9,246 175,151 - 175,151 176,903 178,672 180,458 182,263 Annual lease payment from Vail Recreation District; Rent income funds the "Recreation Enhancement Account" below; 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 1,178,000 680,969 (497,031) 270,000 495,960 765,960 30,000 30,000 30,000 30,000 2023: $25K CWCB contribution for 2 Year Stream Bank Setback Project. $55K from Eagle County for wildfire mitigation; Reappropriate $575K ERWSD reimbursement for Dowd Junction retaining wall project; ECO Trails $150K reimbursement for Dowd Junction; $50K for shift bike program ($22K to reimburse TOV remainder for county-wide program);$22.5K CPW bear education grant; 2024-2028: $30K lottery proceeds used annual for park projects; 2024: $240K CDPHE Grant for water quality projects; 2024: Re-appropriate Eco Trails Reimbursement for Dowd Junction ($150.0K) and remaining ERWSD Reimbursement for Dowd Junction ($312.2K); Re-appropriate remaining CDPHE Water Quality Grant ($22.9K); Re-appropriate unused potion of CPW Bear Education Grant ($10.8K) Project Reimbursements 63,039 72,513 9,474 75,000 - 75,000 - - - - 2023: $50K Nature Conservancy Grant to implement fuels treatment projects; Additional Nature Conservancy Grant funds for Staff time ($9.2K); IAFC Stay Wildfire Ready STR Preparedness program pilot reimbursement ($3.8K); 2024: Evergreen Redevelopment Project Reimbursement for Middle Creek Restoration Fund ($75K) Donations 71,721 71,666 (55) - - - - - - - 2023: $13.2K Re-appropriate unused East West donation for Ford Park art space; $7.5K in donations to be used for Artist in Residency program; $3.0K in donations for Sole Power Program; Recognize $48K in donations for Booth Heights fundraising contract Recreation Amenity Fees 10,000 5,858 (4,142) 10,000 - 10,000 10,000 10,000 10,000 10,000 $10K annually Bag Fees 79,000 55,781 (23,219) 50,000 47,800 97,800 50,000 50,000 50,000 50,000 2023: $40K use of bag fees for two hard-to-recycle events and one Town Clean Up Day; $30K Bag fee for plastic bag expansion in compliance with state policy; Utilize $9.0K of bag fee towards recycling center catwalk replacement; 2024: Re-appropriate utilization of bag fee towards recycling center catwalk replacement ($9.0K); Utilize bag fees for Zero Hero Waste Program ($38.8K) Earnings on Investments and Other 625,071 1,053,941 428,870 68,667 - 68,667 210,989 54,209 36,368 31,572 2023 0.4% interest rate assumed; Increase earnings on investments based on YTD earnings ($585K); Utilize additional $20.9K of bag fee for hard to recycle tents; 2024-2028: 0.7% return assumed Total Revenue 9,800,248 10,118,243 317,995 7,648,818 543,760 8,192,578 7,477,892 7,462,880 7,589,826 7,732,835 Expenditures Management Fee to General Fund (5%)380,000 399,743 (19,743) 350,000 - 350,000 350,000 357,000 364,150 371,450 5% of RETT Collections - fee remitted to the General Fund for administration; Increase based on YTD collections ($30K); 5% of RETT Collections - fee remitted to the General Fund for administration Wildland Forest Health Management 698,020 516,862 181,158 695,415 - 695,415 730,186 766,695 805,030 845,281 2023: Wildland Operations; 2023 includes Nature Conservancy Fuels Reduction ($50K) Wildland Fire Equipment - - - - - - - 13,000 53,800 2027: Wildland hose ($13.0K); 2028: VHF radio replacement ($53.8K) Wildfire Mitigation 75,000 1,490 73,510 10,000 - 10,000 10,000 10,000 10,000 10,000 2023: $55K mitigation paid for by Eagle County; $20K annually to support wildfire mitigation projects as identified in the 2020 Vail Community Wildfire Protection Plan; 2024-2028: $10K annually to support wildfire mitigation projects as identified in the 2020 Vail Community Wildfire Protection Plan NEPA for East Vail Hazardous Fuels Reduction 70,000 46,277 23,723 - - - - - - - 2023: $70K NEPA hazardous fuels reduction on USFS lands from East Vail to Red Sandstone Road Nature Conservancy Fuels Reduction 59,158 48,000 11,158 - - - - - - - $50K to implement fuels treatment projects reimbursed by a Nature Conservancy grant; Use savings from grant funds towards wildland PPE ($9.2K) Short-Term Rental Preparedness Pilot Program 3,881 2,944 937 - - - - - - - 2023: $3.8K for short-term rental wildfire preparedness pilot program, reimbursed by IAFC Stay Wildfire Ready grant Fire Free Five - Rebate Program 255,000 181,811 73,189 100,000 73,189 173,189 100,000 - - - 2023: $255K Fire Free Five Community Assistance Program provides funding to community members for the implementation of defensible space within the first five feet of the building; $25K of this will be used to create publication to assist homeowners with implementation; 2024-2025: $100K annually for the Fire Free Five Community Assistance Program provides funding to community members for the implementation of defensible space within the first five feet of the building; 2024: Re-appropriate remaining funds towards ongoing Fire Free Five rebate program ($73.2K) Wildland Fire Shelter - - - 17,500 (17,500) - - 17,500 - - 2024: Wildland shelter safety device; Deferred to 2026; 2026: Placeholder for wildland shelter safety Fire Free Five - TOV Implementation 195,617 105,321 90,296 50,000 30,000 80,000 - - - - 2023: $195K Fire Free Five implementation at TOV facilities; 2024: $50K Continuation of Fire Free Five at TOV facilities; Re- appropriate $30K towards ongoing Fire Free Five projects Total Wildland 1,356,676 902,705 453,971 872,915 85,689 958,604 840,186 794,195 828,030 909,081 Parks Annual Park and Landscape Maintenance 2,332,655 1,873,720 458,935 2,377,001 - 2,377,001 2,402,635 2,448,311 2,474,714 2,521,760 2023: $73.1K transfer from GF for compensation study adjustments; $25k transfer from street furniture project to purchase flower planters. Ongoing path, park and open space maintenance, project mgmt.; Annual: Ongoing path, park and open space maintenance, project mgmt. Includes trail host program ($20K) Park / Playground Capital Maintenance 178,747 116,278 62,469 179,000 40,000 219,000 186,500 169,000 170,000 169,000 2023: 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; 2024: Re-appropriate funds towards improvements of deteriorating wooden structures at Sunbird Park ($40.0K) Pepi's Plaza 102,000 85,110 16,890 - - - - - - - 2023: $102K Pepi's Tribute Fountain Repairs 50,000 16,503 33,497 - - - - - - - 2023: Children's Fountain Water Quality Mayors Park Capital Maintenance 2,500 - 2,500 - - - - - - - 2023: Re-appropriate $2.5K to replace drinking fountain at Mayors Park Tree Maintenance 56,253 38,381 17,872 125,000 - 125,000 85,000 85,000 85,000 85,000 Annual on going pest control, tree removal and replacements in stream tract, open space, and park areas Street Furniture Replacement 77,009 4,987 72,022 35,000 72,000 107,000 35,000 35,000 35,000 35,000 2023: $77K to replace blue Covid picnic tables with a more aesthetically pleasing option; 2024: $72K to replace blue Covid picnic tables with a more aesthetically pleasing option TOWN OF VAIL 2024 PROPOSED AMENDED BUDGET SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE REAL ESTATE TRANSFER TAX FUND 17 89 Includes New Request Changes since First Reading Preliminary Variance Proposed 2023 2023 Favorable 1st 2024 Amended Actuals (Unfavorable)2024 Supplemental Amended 2025 2026 2027 2028 TOWN OF VAIL 2024 PROPOSED AMENDED BUDGET SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE REAL ESTATE TRANSFER TAX FUND Village Art Landscape Enhancements 179,364 31,036 148,328 - 25,000 25,000 - - - - 2023:$119.4K for landscape enhancements to areas around the 10th Mtn. Statute and Covered bridge areas; planting bed near Squash Blossom ($25K); Landscaping and excavation for "Male Baseball Player #1" donated sculpture on the upper playing fields of Ford Park ($35K); 2024: Re-appropriate funds for the planting bed at Squash Blossom on Bridge Street ($25K) Stephens Park Safety Improvements 15,000 10,096 4,904 - 19,904 19,904 - - - - 2023: $15K playground equipment; 2024: Re-appropriate funds for remaining equipment cost ($4.9K); Installation of a split- rail fence between park and frontage road ($15.0K) Ford Park Master Plan 168,792 168,483 309 - - - - - - - Council approved contract with WRT 6/22. 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 116,507 53,727 62,780 - 50,000 50,000 - - - - 2023: $116K for remaining project costs under contract; Construction of new concrete unit paver roadway, new steel guardrail, stream walk intersection improvement, and landscaping improvements. This project would be coordinated with BFAG; 2024: Re- appropriate funds towards grading and landscape final touch up at streamwalk entrance and guardrail ($50.0K) Ford Park Enhancement: Priority 3 Landscape area 5,946 - 5,946 - 5,946 5,946 - - - - 2023: Re-appropriate $5.9K for landscaping at the Nature Center bridge; 2024: Re-appropriate $5.9K towards on-going landscape repairs and plant material replacement Ford Park Playground Improvements 243,361 13,558 229,804 268,000 229,804 497,804 - 300,000 - - 2023: $243K 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; 2024: Completion of safety improvements to the Ford Park play area; Re- appropriate $229.8K to go towards safety improvements at Ford Park playground Ford Park Picnic Shelter - - - - - - - 350,000 - - 2026: Replace Ford Park picnic shelter Ford Park Master Plan Capital Design - - - 200,000 - 200,000 - - - - 2024: Design for ADA compliant routes and Tennis Center renovation Ford Park Lighting Control System 180,000 132,111 47,889 - - - - - - - 2023: Re-appropriate $180k to complete active contract to replace 10 yr old Ford Park lighting control system Sunbird Park Fountain Repairs 3,430 - 3,430 - - - - - - - 2023: Re-appropriate $3.4K for final bills Vail Transit Center Landscape 20,000 - 20,000 - - - - - - - 2023: Re-appropriate $20K for completion of landscaping at Vail transit center Turf Grass Reduction 220,000 193,995 26,005 150,000 - 150,000 - - - - 2023: $220K continuation of turf grass reduction projects at Red Sandstone Underpass, Municipal Bldg. Frontage, and Main Vail Perimeter Areas; 2024: Continuation of Turf Grass Reduction projects at Main Vail and West Vail Roundabouts and Municipal Building Kindel Park/Mill Creek 249,862 12,730 237,132 - - - - - - - 2023: Design phase Improvements to heavily worn streamtract between Hanson Ranch and Pirateship Park Donovan Park Improvements 207,000 65,658 141,342 - 20,000 20,000 - - - 2023: $57K for relandscaping on Donovan Park parking lot islands project is under contract; $150K Replacement of play area decks and some equipment; 2024: Re-appropriate funds to complete rock garden renovations ($20.0K) Willow Park Drainage Improvements - - - - - - - 125,000 - - 2026: Improvements to drainage and inefficient irrigation system Pirateship Park Improvements - - - 300,000 - 300,000 - - - - 2024: Safety improvements: replace wood siding and add climber Donovan Park Playground Safety Improvements - - - - - - - 275,000 - - 2026: Replace decks, worn equipment , etc. Gore Creek Promenade Rehabilitation 408,897 - 408,897 - 408,897 408,897 750,000 - - - 2023: Re-appropriate $409K 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; 2025: 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 (Deferred from 2023); 2024: Re-appropriate funds for ongoing project; design work for this project to take place in 2024 ($409K) Lionshead Skate Park Capital Maintenance - - - - - - 50,000 - - 2025: Replacement of Lionshead skate park fencing ($50K) reimbursed by the Vail Reinvestment Authority Slifer Fountain Feature Four Repair - - - 75,000 - 75,000 - - - - 2024: Repair plumbing leak in feature supply line in Slifer Plaza ($75k) Buffehr Creek Park Safety Improvements - - - - - - - - - 400,000 2028: Replacement 20-yr old playground equipment with custom build deferred from 2025 to 2028 Ellefson Park Safety Improvements - - - - - - - - 350,000 - 2027: Replacement 15-yr old playground equipment with custom build (deferred from 2025 to 2027) Total Parks 4,817,323 2,816,372 2,000,951 3,709,001 871,551 4,580,552 3,809,135 3,787,311 3,514,714 3,210,760 Rec Paths and Trails Rec. Path Capital Maintenance 172,242 89,098 83,144 150,000 25,000 175,000 85,000 85,000 85,000 85,000 Annual Capital maintenance of the town's recreation path system ($85k); 2024: Recreation path improvements ($65k); 2024: Re- appropriate funds towards shouldering improvements ($25K) Recreation Path Safety Improvements - - - 75,000 - 75,000 - - - - 2024: Design of recreation path safety improvements ($75K) Bike Safety 16,473 10,503 5,970 10,000 - 10,000 10,000 10,000 10,000 10,000 2023: $16.5K for ongoing bike signage project; $10K annual cost for bike safety programs Bike Path Signage 48,016 1,935 46,081 - 46,081 46,081 - - - - 2023: 48K trail signage project. 2022-2023: Bike Path Signage: Enhancement of existing trail signage to improve etiquette, safety and wayfinding; 2024: Re-appropriate funds towards replacement of bike wayfinding signage, striping, and etiquette signage town-wide Pedestrian Bridge Projects 333,151 163 332,988 550,000 332,988 882,988 - - - 400,000 2023: $333K rehab of the pedestrian overpass. 2024: $550K for pedestrian overpass; Re-appropriate $333.0K for pedestrian overpass rehab Gore Valley Trail Reconstruction - - - - 80,000 - 80,000 - 2025/2027: Placeholders for Gore Valley Trail Maintenance East Vail Interchange Improvements 209,443 4,900 204,543 - 204,543 204,543 - - - - 2023: Re-appropriate $209K to continue East Vail interchange project, awaiting CDOT project completion to move forward; 2024: Re-appropriate funds for development of a landscape improvement plan due to landscaping and drainage issues ($204.6K) Dowd Junction repairs and improvements 1,300,126 482,463 817,663 - 817,663 817,663 - - - - 2023: $1.3M Re-stabilization of Dowd Junction retaining wall; Repairs to culverts, drainage, and preventative improvements; project in cooperation with Eagle River Water and Sanitation; offset with reimbursement of $300K, reimbursement from ERWSD (above); 2024: Re-appropriate funds for ongoing restabilitzation of Dowd Junction retaining wall ($817.7K) Portalet Enclosures 38,000 29,870 8,130 45,000 8,130 53,130 - - - - 2023: Design and Construct screening/enclosures on trailhead port-a-lets; 2024: Continuation of 2023 project to design and construct screening/enclosures on trailhead port-a-lets; Re-appropriate funds for installation of screens received in 2023 ($8.1K) 18 90 Includes New Request Changes since First Reading Preliminary Variance Proposed 2023 2023 Favorable 1st 2024 Amended Actuals (Unfavorable)2024 Supplemental Amended 2025 2026 2027 2028 TOWN OF VAIL 2024 PROPOSED AMENDED BUDGET SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE REAL ESTATE TRANSFER TAX FUND Booth Lake Trailhead Parking Restroom 194,667 175,921 18,746 - 2,500 2,500 - - - - 2023: Re-appropriate $195K for ongoing Installation of permanent restroom at Booth Lake trailhead for hikers; to be completed in spring '23; 2024: Re-appropriate funds for final landscaping costs ($2.5K) Total Rec Paths and Trails 2,312,118 794,852 1,517,266 830,000 1,436,905 2,266,905 175,000 95,000 175,000 745,000 Recreational Facilities Golden Peak Pickleball Sound Barriers 23,500 22,002 1,498 - 1,498 1,498 - - - - 2023: Install Acoustic blocking panels on north and west fence sections; 2024: Re-appropriate funds for purchase of remaining panels ($1.5K) Nature Center Operations 109,373 111,290 (1,918) 112,654 - 112,654 116,033 119,514 121,905 124,343 Nature Center operating costs(Contract with Walking Mountains) Nature Center Capital Maintenance - - - 8,064 - 8,064 26,291 4,990 14,098 - 2024: path and walkway repairs ($8.1K); 2025: signage ($16.6K); regravel access road ($9.8K); 2026: benches and tables; 2027: Slope roofing ($14.1K); Nature Center Redevelopment 383,522 - 383,522 - 383,522 383,522 - - - - 2023: Re-appropriate $383.5K for further planning and design for a nature center remodel; Nature Center Construction is currently unfunded; 2024: Re-appropriate $383.5K for further planning and design for a nature center remodel; Nature Center Construction is currently unfunded Total Recreational Facilities 516,395 133,292 383,102 120,718 385,020 505,738 142,324 124,504 136,003 124,343 Environmental Environmental Sustainability 785,888 782,353 3,536 824,626 (13,500) 811,126 865,857 909,150 975,608 1,002,338 2023: $18.2K Transfer from GF for compensation study adjustments. 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; Use $20.9K additional bag fee funds for hard to recycle events; 2024: Annual operating expenditures for Environmental department (4.25 FTEs); includes $50K for Clean up day, professional dues to organizations such as CC4CA, Climate Action Collaborative, etc.; $14k sustainability intern, $14K Waste Education intern; $14K Water Quality Intern; 2024: Eliminate one intern position and use savings towards a transfer to General Fund to increase budget and scope of Destination Stewardship Management Plan ($13.5K reduction) Recycling and Waste Reduction Programs 301,000 167,288 133,712 95,500 104,900 200,400 100,275 105,289 110,553 116,081 2023: Re-appropriate $22.5K for ongoing Love Vail contract with Vermilion; reappropriate $30K for Ball Cup event program delayed by supply chain issues; reappropriate $15K for curbside compost pilot program expansion; reappropriate $18K for compost pilot for rebates for businesses; reappropriate $1K from Green Team for idling campaign; Actively Green($40K), Plastic Bag Expansion funded with bag fees ($30K), C&D Pilot ($5K), C&D Residential Phase 3 ($15K); C&D Commercial Phase 2 ($30K); Green Team ($2.5M), Love Vail website ($25K), Recycling hauls($25K), Farmers Market Zero Hero ($42K); Recycling Education ($7.5K); Use $15K bag fee collections for waste intern, reusable bags and market compost program. Re-appropriate $20.3K for pilot compost program; 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); Use recycling center haul savings towards recycling center catwalk replacement ($7.5K); 2024: Continue Compost Residential Expansion ($15k); Love Vail Website ($8k); Recycling and Composting Hauls to Eagle County ($25k); Recycling Compliance and Education ($7.5k); Actively Green ($40k); Re-appropriate funds towards business compost program funds ($24.0K), residential compost program funds ($24.0K), and ball cup program funds ($12.1K); $6.0K in additional funding for ball cup order of 12oz cups; Continuation of Zero Hero Waste program ($38.8K) - Funded through bag fees Recycling Center Catwalk Replacement 16,500 - 16,500 - 16,500 16,500 - - - - 2023: Catwalk replacement at recycling center ($16.5K) - Funded by $9K of bag fees and $7.5K of recycling center haul savings; 2024: Re-appropriate catwalk replacement at recycling center ($16.5K) - Funded with $9K of bag fees Ecosystem Health 581,000 169,033 411,967 234,017 375,000 609,017 235,218 246,979 259,328 272,294 2023: Re-appropriate $175k for Down Junction safe passage project, $150k for Biodiversity Study; $43.5K for bear education program partnership with CPW; 2023:$15K for Vail to host CO Communities for Climate Action retreat; Strategic Plan Completion ($10K), SD Contract ($25K), Trees for Vail ($7.5K), USFS Front Ranger Program ($55K); Wildlife Habitat Improvements ($100K); 2024: CC4CA Retreat Host Community ($18k); Open Lands Plan Implementation ($32k); Strategic Plan Rollout / Completion ($10k); Sustainable Destination Recertification & Fees ($20k); Sustainable Destination Reporting, Travel, Program ($25k); USFS Front Ranger Program ($29k); Wildlife Habitat Improvements, Wildlife Forum ($100k); Re-appropriate funds towards Dowd Junction Safe Passage Study partnership with CDOT ($175.0K), wildlife habitat improvements ($100.0K), biodiversity study ($50.0K), and ongoing Protect Wildlife bear campaign ($36.8K); additional funds for ongoing Protect Wildlife bear campaign ($13.2K) Energy & Transportation 106,500 105,730 770 122,500 15,000 137,500 102,375 107,494 112,868 118,512 2023: $10K Requested for Snowmelt feasibility study to use recaptured energy. Request to expand scope for solar study $10k. 2024-2028: Energy Smarts ($40K); Sole Power ($5K); Sole Power App ($50K); Greenhouse Gas Inventory ($25K); Energy-related education and outreach ($2.5K); 2024: Car share feasibility study ($15.0K) E-Bike Programs 305,185 288,532 16,653 243,000 - 243,000 255,150 267,908 281,303 295,368 2023: $4.2k to replace stolen Ebike for essentials bikes. Ebike grant funds allocated to Eagle County organizations for shift bike program $28K;: E-Bike Share$225K; E-Bike Ownership program ($18K); $15K for E-Bike Rebate program E-Bike Share Infrastructure 54,000 39,289 14,711 - 14,711 14,711 - - - - E-Bike Share Infrastructure- Gravel pads and bike racks; 2024: Re-appropriate funds for additional gravel pads and bike racks ($14.7K) Streamtract Education/Mitigation 56,452 35,691 20,761 30,000 - 30,000 30,000 30,000 30,000 30,000 2023: Re-appropriate $5.9K for continuation of "ten feet for the creek" campaign, $500 reimbursement for sustainable landscape; 2024 - 2028: Annual streamtract education programming such as "Lunch with Locals" landscape workshops ($50k), City Nature Challenge and storm drain art Water Quality Infrastructure 1,721,064 604,993 1,116,071 - 195,007 195,007 - - - - 2023: Re-appropriate $1.9M for water quality infrastructure; 2024: Re-appropriate funds for ongoing water quality infrastructure project ($195.0K) Water Quality Maintenance 150,000 90,139 59,861 285,000 - 285,000 216,300 222,789 229,473 236,357 2024-2028: Annual cleaning and draining of frog gutter bins ($150k) and water quality vaults ($60k); 2024: Placeholder for updated water quality study ($75K) 19 91 Includes New Request Changes since First Reading Preliminary Variance Proposed 2023 2023 Favorable 1st 2024 Amended Actuals (Unfavorable)2024 Supplemental Amended 2025 2026 2027 2028 TOWN OF VAIL 2024 PROPOSED AMENDED BUDGET SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE REAL ESTATE TRANSFER TAX FUND Streambank Mitigation 147,983 40,807 107,176 - 35,000 35,000 - - - - 2024: Re-appropriate funds for streambank planting project ($35K) Middle Creek Restoration Fund - - - 75,000 - 75,000 - - - - 2024: The Evergreen redevelopment project is required to provide a restoration plan for Middle Creek. The property is owned by the Town of Vail. The Town will fund the restoration plan and be reimbursed by the developer (reimbursement included above) Private Streambank Mitigation Program 118,208 52,579 65,629 80,000 - 80,000 50,000 50,000 50,000 50,000 2023: Re-appropriate to continue private streambank mitigation program $118K; 2024 - 2028: Private Streambank Mitigation Program Booth Heights Open Space 17,691,985 48,000 17,643,985 - 18,778,754 18,778,754 - - - - 2023: Re-appropriate offer to Vail Resorts for the purchase of the Booth Heights Parcel ($12M); $5.5M increase in acquisition cost of Booth Heights transferred from GF; $24K for fundraising contract; Increase in acquisition cost ($124K) and Open Space Fundraising Cost ($24K); 2024: Re-appropriate acquisition of Booth Heights parcel for open space ($17.6M); Increase acquisition cost for additional legal fees ($1.1M) Gore Creek Interpretive Signage 310,150 119,985 190,165 - 222,165 222,165 - - - - 2023: $310K watershed map and installation at the Gore Creek Promenade;2024: Re-appropriate funds towards ongoing project ($190.5K); New request of $32K for Gore Creek signage using savings from the 2023 streambank restoration project for increased costs Energy Efficiency Performance Contract - - - 150,000 - 150,000 - - - - 2024: Placeholder for an energy audit to facilitate an Energy Efficiency Performance Contract. Total Environmental 22,345,915 2,544,418 19,801,497 2,139,643 19,743,537 21,883,180 1,855,175 2,089,608 2,049,133 2,120,950 Art Public Art - Operating 181,020 179,859 1,160 188,525 - 188,525 197,951 207,849 218,241 229,153 2023: includes $7.5K for Artist in Residency consultant from donations; 2024 - 2028: Art in Public Places programming and operations Public Art - General program / art 435,167 12,000 423,167 60,000 83,167 143,167 60,000 60,000 60,000 60,000 2023: $435K to purchase sculptures, artwork, art programs and events; the remainder is re-appropriated each year to accumulate enough funds; 2024: Re-appropriate funds to purchase sculptures, artwork, art programs and events ($423.2K); Utilize funds for Art Space Studio construction ($360K); 2024-2028: Annual funds purchase sculptures, artwork, art programs and events; remainder is re-appropriated each year to accumulate enough funds. ($60k) Public Art - Winterfest 89,885 40,502 49,383 30,000 49,383 79,383 30,000 30,000 30,000 30,000 2023: Re-appropriate $60K for annual Winterfest program; 2024: Re-appropriate donated funds towards 2024 Winterfest program; 2024-2028: $30K Winterfest budget. Seibert Memorial Statue- Maintenance 12,192 500 11,692 - 11,692 11,692 - - - - 2023: Reappropriate $12.7K for Pete Seibert Memorial statue maintenance; 2024: Re-appropriate donated funds towards upkeep of sculpture ($11.7K) Art Space 863,048 102,673 760,375 - 1,420,375 1,420,375 - - - - 2023: Re-appropriate $863k for design phase for Ford Park art space- see corresponding donation from East West above. Rebuilding of designated Art Space Studio in Ford Park using $250K of existing AIPP funds; 2024: Re-appropriate funds towards construction of Art Space Studio in Ford Park ($760.4K); $660K cost increase funded by $360K of General Program Art Funds and $300K of 2023 RETT savings Artist In Residency - Operating - - - 30,000 - 30,000 62,500 62,500 62,500 62,500 2024 - 2028: Operating costs for artist in residency program utilizing the new Art Space Artist In Residency - Capital Art Acquisitions - - - 20,000 - 20,000 37,500 37,500 37,500 37,500 2024 - 2028: Capital art acquisition costs associated with artist in residency program. Total Art 1,581,312 335,534 1,245,778 328,525 1,564,617 1,893,142 387,951 397,849 408,241 419,153 Community Council Contribution: Betty Ford Alpine Garden Support 76,888 76,888 - 79,195 - 79,195 76,142 76,142 76,142 77,665 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 42,840 42,840 42,840 43,697 Annual support of the Eagle River Watershed Council programs Council Contribution: Trail Alliance 17,500 17,500 - 17,500 - 17,500 - - - - 2023: Adopt A Trail Council Contribution for trails in or bordering the Town; 2024: Adopt A Trail Council Contribution for trails in or bordering the Town Total Contributions 136,388 136,388 - 138,695 - 138,695 118,982 118,982 118,982 121,362 VRD-Managed Facilities & Maintenance Recreation Enhancement Account 354,924 - 354,924 175,151 364,170 539,321 176,903 178,672 180,458 182,263 Annual rent paid by Vail Recreation District; to be re-invested in asset maintenance; 2024: Re-appropriate funds to be re- invested in maintenance ($354.9K); Additional $9.3K for lease payment collected over budget Recreation Facility Maintenance 44,000 - 44,000 22,000 - 22,000 22,000 22,000 22,000 22,000 facility maintenance Synthetic Turf Replacement 472,000 - 472,000 - 472,000 472,000 - - - - 2023: Scheduled replacement of synthetic turf based on 7 year life expectancy; 2024: Re-appropriate funds towards synthetic turf replacement ($472K) Golf Clubhouse 69,890 71,114 (1,224) 13,708 (1,224) 12,484 131,323 64,060 - 58,319 2023: Re-appropriate $39K for completion of Golf Clubhouse projects. 2023: Concrete walkways ($12.4K), Drain pains/curb gutters ($18.9K); 2023: Concrete walkways ($12.4K), Drain pains/curb gutters ($18.9K); 2024: Heat tape replacement ($13.7K); 2025: circulation pumps ($98.0K), clubhouse parking lot mill & overlay ($23.9K), clubhouse signage ($9.4K); 2026: Stucco/stone ($37.3K), wood trim ($26.8K); 2028: Clubhouse exterior door replacement ($32.2K), Clubhouse parking lot mill & overlay ($26.2K) Athletic Field Restroom/Storage Building 1,000,000 - 1,000,000 - 1,000,000 1,000,000 - - - - 2023: Re-appropriate $1M for the replacement of existing restroom/concession with new 2000 sq. ft. restroom/storage building. Project was delayed to address additional needs outlined in the Ford Park Master Plan; 2024: Re-appropriate $1.0M for the replacement of existing restroom/concession with new 2000 sq. ft. restroom/storage building. Golf Course - Other 425,105 15,056 410,049 22,020 410,049 432,069 3,954 237,660 169,325 33,359 2023: Re-appropriate $188K for completion of golf course projects. 2023: $216K for golf course greens project; VRD shared cost for 1st hole Timber Path planking ($38.0K), asphalt repairs ($3.3K); 2024: Maintenance building Gas Fired Heater ($6.5k); Maintenance building overhead radiant heating ($12.9k); Maintenance building wood privacy fencing ($2.7k); 2024: Re- appropriate $410K for completion of golf course projects; 2025: Maintenance building asphalt driving and parking area; 2026: Maintenance building streambank restoration ($234.1K) exterior doors ($3.5K); 2027: Split costs: 1st hole path planking ($77.6K); 1st hole bridge planking and stone veneer ($53.4K); 2nd hole bridge planking ($14.2K), 11th hole ped bridges ($18.9K); 2028: Maintenance building stucco ($25.2K), Maintenance building asphalt ($4.7K), Maintenance building wood privacy fencing ($3.4K) 20 92 Includes New Request Changes since First Reading Preliminary Variance Proposed 2023 2023 Favorable 1st 2024 Amended Actuals (Unfavorable)2024 Supplemental Amended 2025 2026 2027 2028 TOWN OF VAIL 2024 PROPOSED AMENDED BUDGET SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE REAL ESTATE TRANSFER TAX FUND Drainage Improvements & Fence near Golf Maintenance Building - - - 295,410 - 295,410 - - - - 2024: Drainage and grading improvements and fence repair near golf maintenance building ($295K) Dobson Ice Arena 645,734 19,339 626,395 17,336 626,395 643,731 118,815 - - - 2023: Rockwall Repairs ($12.5K), Grading and Drainage ($7.8K), brick pavers ($14K), and central Air Handlers ($10.4K); 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); 2024: Wood trim repairs ($11.3), chemical feed system repairs ($6.0K); 2025: Boiler and circulation system ($77.2K), Water filtration issues ($27.6K); Exhaust Stacks ($3.7K); 2024: Re-appropriate funds towards repairs not completed in 2023 ($626.4K) Ford Park / Tennis Center Improvements 172,124 34,531 137,593 13,261 137,593 150,854 54,166 1,462,552 - - 2023: Reappropriate Wood Siding ($3.9K); Concession/Restroom siding ($12.9K); Drainage-previously budgeted in 2023 ($13.3K); Exterior Doors- previously budgeted in 2023 ($4.6K); Repair exterior doors ($9.6K); replace furnace, hot water tank, baseboards ($47.8K), replace windows ($24K); Pickleball Feasibility Study ($10K); reappropriate deferred maintenance ($46K); 2024: Furnace, hot water tank, baseboards replacement ($13.3K); Re-appropriate funds towards incomplete projects ($137.6K) 2025: Wood siding and windows ($54.2K); 2026 includes a rebuild of tennis courts, retaining walls, and court fencing Athletic Fields 239,226 132,041 107,185 9,362 107,185 116,547 99,319 - 26,704 - 2023: Re-appropriate $239K for Grading and drainage repairs, paint wood trim, paint wood structure; 2024: Asphalt parking lot repairs ($9.3K); Re-appropriate grading and drainage repairs ($108.2K); 2025: Asphalt parking lot ($99.3K); 2027: Asphalt parking lot repairs ($11.1K), wood structure paint ($9.3K), wood trim, post, & beam repair ($6.2k) Gymnastics Center 291,345 71,946 219,399 - 219,399 219,399 59,041 - - - 2023: Re-appropriate $219.4K for completion of the restroom remodel and cooling system. 2023 $20k additional costs for cooling system; 2024: Re-appropriate ongoing repairs from 2023 ($354.9K); 2025: Furnace ($27.6K), Elevator ($27.6K); concrete stairs and walkways (3.0K); Total VRD-Managed Facilities & Maintenance 3,714,348 344,027 3,370,321 568,248 3,335,567 3,903,815 665,520 1,964,944 398,487 295,941 Total Expenditures 37,160,475 8,407,331 28,753,144 9,057,745 27,422,886 36,480,631 8,344,273 9,729,393 7,992,739 8,318,040 Other Financing Sources (Uses) Transfer from/(to) General Fund for Booth Heights 5,643,985 - 5,643,985 (282,199) 5,643,985 5,361,786 (282,199) (282,199) (282,199) (282,199) Payback of funds for Booth Heights acquisition costs over 20 years, 2024-2043 - $5.64M; 2024: Re-appropriate transfer of a loan from the General Fund for the acquisition of the Booth Heights Parcel ($5.6M) Transfer from/(to) General Fund for Salary Adjustments 197,660 197,660 - - - - - - - - Transfer from/(to) General Fund - Other - - - - (13,500) (13,500) - - - - 2024: Transfer to General Fund for increase in budget and scope of Destination Stewardship Management Plan Revenue Over (Under) Expenditures (21,518,582) 1,908,572 (1,691,126) (21,248,641) (22,939,767) (1,148,581) (2,548,712) (685,112) (867,404) Beginning Fund Balance 29,923,875 29,923,875 31,832,446 31,832,446 8,892,679 7,744,099 5,195,387 4,510,275 Ending Fund Balance 8,405,293$ 31,832,446$ 30,141,320$ 8,892,679$ 7,744,099$ 5,195,387$ 4,510,275$ 3,642,871$ 21 93 TOWN OF VAIL PROPOSED AMENDED 2024 BUDGET SUMMARY OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE HOUSING FUND Preliminary Proposed 2023 2023 Variance 2024 1st 2024 Amended Actuals Fav/(Unfav)Budget Supplemental Amended Revenue Housing Sales Tax 4,858,410$ 5,074,175$ 215,765$ 4,950,000$ 4,950,000$ Housing Fee in Lieu Annual Collections 17,104 17,104 - Transfer in from Capital Projects Fund 2,500,000 2,500,000 - 2,500,000 2,500,000 Transfer in from General Fund 1,200,000 1,200,000 - Workforce Housing Sales 1,054,000 385,169 (668,831) 475,000 475,000 Reappropriate Pitkin Creek unit sale at lower price (sold in March 2024) Housing Late Fees 4,000 4,000 Project Reimbursements 1,000,000 1,000,000 - Earnings on Investments 291,801 291,801 Total Revenue 10,629,514 10,472,248 (157,265) 7,450,000 475,000 7,925,000 Expenditures Housing Programs InDeed Program 1,212,089 532,000 680,089 2,500,000 680,089 3,180,089 Reappropriate $680.1K for Vail InDEED Buy Down Housing 89,787 89,787 106,891 106,891 Reappropriate $89.8K buydown funds; add $17.1K for 2023 fee in lieu collections Future Purchases 1,500,000 1,500,000 1,500,000 1,500,000 Re-appropriate $1.5M placeholder for housing purchases. Pitkin Creek 14A unit 775,000 776,989 (1,989) 4,000 4,000 $4K for utility bills while owned before unit sale Construction Housing Projects Timber Ridge Redevelopment 195,000 114,080 80,920 80,920 80,920 Re-appropriate $80.9K for planning expenditures and misc. TR redevelopment expenditures W. Middle Creek Development 4,400,000 507,954 3,892,046 3,892,046 3,892,046 Re-appropriate Predevelopment costs for Middle Creek W. Middle Creek Development Legal Fees Contingency 50,000 50,000 Allocate $50K placeholder for Middle Creek development legal fees Residences at Main Vail Opportunity Fee 2,000,000 2,000,000 - Land Purchases for future Housing CDOT Parcel Acquisition Placeholder 7,635,000 7,635,000 5,920,000 5,920,000 Re-appropriate $5.9M for acquisition of CDOT parcels Eagle-Vail Parcel Placeholder 50,000 50,000 50,000 50,000 Total Expenditures 17,856,876 3,931,023 13,925,853 2,500,000 12,283,946 14,783,946 Operating Income (7,227,362) 6,541,226 13,768,588 4,950,000 (11,808,946) (6,858,946) Other Finance Sources (Uses Transfer to Timber Ridge- Site and Podium (850,000) (850,000) - (9,000,000) (93,105) (9,093,105) Transfer $43,105 to TR for project mgmt.; Transfer $50K placeholder for TR legal fees Transfer to Timber Ridge- CDOT Land Acquisition - (1,715,000) (1,715,000) Transfer to TR for CDOT parcel purchase Transfer to Residences at Main Vail (150,000) 150,000 Total Other Finance Sources (Uses)(1,000,000) (850,000) 150,000 (9,000,000) (1,808,105) (10,808,105) Surplus (Deficit) Net of Transfers and One-Time Items (8,227,362) 5,691,226 13,918,588 (4,050,000) (13,617,051) (17,667,051) Beginning Fund Balance 13,099,153 13,099,153 4,521,791 18,790,379 Ending Fund Balance 4,871,791$ 18,790,379$ 471,791$ 1,123,327$ 22 94 TOWN OF VAIL 2024 PROPOSED AMENDED BUDGET SUMMARY OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE VAIL MARKETING & SPECIAL EVENTS FUND Preliminary Proposed 2023 2023 Variance 2024 1st 2024 Amended Actuals Fav/(Unfav)Budget Supplemental Amended Revenue Business Licenses 345,000$ 354,366$ 9,366$ 345,000$ 345,000$ Transfer in from General Fund 1,535,000 850,000 (685,000) 2,600,000 2,600,000 VLMD Contribution 1,200,000 1,200,000 - Event Reimbursements/Shared Costs 100,000 100,000 - Earnings on Investments 250 14,518 14,268 250 250 Total Revenue 3,180,250 2,518,884 (661,366) 2,945,250 - 2,945,250 Expenditures Commission on Special Events (CSE) :4 CSE Surveys 54,000 5,620 (48,380) 54,000 54,000 Education & Enrichment 154,530 168,000 13,470 154,530 154,530 Visitor Draw 684,648 604,500 (80,148) 684,648 684,648 Recreation 75,000 103,000 28,000 75,000 75,000 Signature Events 1,035,252 757,500 (277,752) 1,095,252 1,095,252 Town Produced Events:862,727 504,383 (358,344) 801,000 (6,007) 794,993 NYE/4th of July Display 49,000 49,000 58,000 58,000 Ambient Event Funding: Music in the Villages 142,508 131,816 (10,692) 237,978 237,978 Cultural Heritage: National Brotherhood of Skiers 125,000 125,000 - Other Council Funded Events: Mikaela 87 35,000 9,514 (25,486) Collection Fee - General Fund 17,250 17,718 468 17,250 17,250 Total Expenditures 3,185,915 2,476,051 (709,864) 3,177,658 (6,007) 3,171,651 Other Financing Sources (Uses) Transfer to Capital Projects Fund (100,295) (99,338) 957 - (6,007) (6,007) Revenue Over (Under) Expenditures (105,960) (56,505) 49,455 (232,408) - (232,408) Beginning Fund Balance 416,324 416,324 359,819 359,819 Ending Fund Balance 310,364$ 359,819$ 127,411$ 127,411$ 23 95 Preliminary Proposed 2023 2023 Variance 2024 1st 2024 Amended Actual Fav/(Unfav)Budget Supplemental Amended Revenue Town of Vail Interagency Charge 4,257,935$ 4,099,390$ (158,545)$ 4,632,943$ 6,875$ 4,639,818$ Insurance Reimbursements & Other 105,081 89,754 (15,327) 25,000 25,000 Intergovernmental Revenues - 24,718 24,718 - Earnings on Investments 39,810 99,850 60,040 1,500 1,500 Equipment Sales and Trade-ins 294,238 223,990 (70,248) 196,227 196,227 Total Revenue 4,697,064 4,537,701 (159,363) 4,855,670 6,875 4,862,545 Expenditures Salaries & Benefits 1,403,973 1,247,434 156,539 1,440,075 1,440,075 Operating, Maintenance & Contracts 2,140,913 1,856,431 284,482 2,169,796 2,169,796 Capital Outlay 2,722,245 1,214,980 1,507,265 1,501,976 1,227,546 2,729,522 Total Expenditures 6,267,131 4,318,845 1,948,286 5,111,847 1,227,546 6,339,393 Revenue Over (Under) Expenditures (1,570,067) 218,856 (2,107,649) (256,177) (1,220,671) (1,476,848) Transfer In from General Fund 59,652 59,652 - - - - Beginning Fund Balance 1,919,624 1,919,624 769,030 2,198,132 Ending Fund Balance 409,209$ 2,198,132$ 512,853$ 721,284$ TOWN OF VAIL 2024 PROPOSED AMENDED BUDGET SUMMARY OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE HEAVY EQUIPMENT FUND 24 96 Preliminary 2023 2023 Variance 2024 Amended Actual Fav/(Unfav)Budget Revenue Town of Vail Interagency Charge - Premiums 4,748,921$ 5,356,265$ 607,344$ 4,398,910$ Employee Contributions 963,081 950,154 (12,927) 911,864 Insurer Proceeds 30,000 3,432 (26,568) 530,000 Earnings on Investments 15,000 266,206 251,206 75,000 Total Revenue 5,757,002 6,576,057 819,055 5,915,774 Expenditures Health Insurance Premiums 1,690,000 1,560,589 129,411 901,760 Claims Paid 4,597,739 4,240,141 357,598 5,093,407 Wellness Bonus 78,000 78,000 - 109,000 Professional Fees 118,820 59,355 59,465 110,000 Total Expenditures 6,484,559 5,938,085 546,474 6,214,167 Revenue Over (Under) Expenditures (727,557) 637,972 272,582 (298,393) Beginning Fund Balance 5,103,362 5,103,362 5,741,334 Ending Fund Balance 4,375,805$ 5,741,334$ 5,442,941$ HEALTH INSURANCE FUND TOWN OF VAIL 2024 BUDGET SUMMARY OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE 25 97 Preliminary 2023 2023 Variance 2024 Amended Actual Fav/(Unfav)Budget Revenue E911 Board Revenue 1,067,535$ 1,067,535$ -$ 1,167,993$ Interagency Charges 1,444,427 1,442,641 (1,786) 1,598,162 Other County Revenues 103,000 103,000 - Town of Vail Interagency Charge 669,317 669,317 - 691,448 Earnings on Investments and Other 50,658 127,843 77,185 5,000 Total Revenue 3,334,937 3,410,336 75,399 3,462,603 Expenditures Salaries & Benefits 2,836,672 2,575,960 260,712 2,867,907 Operating, Maintenance & Contracts 593,611 564,967 - 613,342 Capital Outlay 192,528 85,145 107,383 Total Expenditures 3,622,811 3,226,071 368,095 3,481,249 Revenue Over (Under) Expenditures (287,874) 184,265 (292,696) (18,646) Transfer In from General Fund 154,037 154,037 - Beginning Fund Balance 2,017,328 2,017,328 2,355,630 Ending Fund Balance 1,883,491$ 2,355,630$ 2,336,984$ TOWN OF VAIL 2024 BUDGET SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE DISPATCH SERVICES FUND 26 98 Proposed 2023 2024 Amended 2023 Variance 2024 1st Amended Budget Actuals Fav/(Unfav)Budget Supplemental Budget Revenue Rental Income 428,931$ 463,945$ 35,014$ 1,721,300$ 1,721,300$ Other Income 29,000 75,769 46,769 124,230 124,230 American Rescue Plan Funds 1,365,835 1,365,835 - - Project Reimbursements 3,312 3,312 - - Investment Earnings 155,967 197,916 41,949 500 500 Total Revenue 613,898 2,106,777 1,492,879 1,846,030 - 1,846,030 Expenses Operating, Maintenance & Contracts 325,494 294,820 30,674 567,994 567,994 Capital Outlay- Triumph - 51,639 51,639 Capital Outlay- RMV Constrcution 14,957,038 14,895,019 62,019 62,019 62,019 Total Expenditures 15,282,532 15,189,839 92,693 619,633 62,019 681,652 Revenue Over Expenses (14,668,634) (13,083,062) 1,400,186 1,226,397 (62,019) 1,164,378 Other Financing Sources (Uses) Fiscal Agent fees (3,000) (3,500) (500) (3,000) (3,000) Principal Repayment (415,000) (415,000) - (435,000) (435,000) Interest Expense (800,388) (799,004) 1,384 (783,788) (783,788) Transfer from Capital Projects Fund 6,250,444 4,884,047 (1,366,397) - Total Other Financing Sources (Uses)5,032,056 3,666,543 (1,365,513) (1,221,788) - (1,221,788) Change in Net Position (9,636,578) (9,416,519) 220,059 4,609 (62,019) (57,410) Net Position- Beginning 9,709,514 9,709,514 72,936 292,995 Net Position- Ending 72,936$ 292,995$ 77,545$ 235,585$ TOWN OF VAIL 2024 PROPOSED AMENDED BUDGET SUMMARY OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE RESIDENCES AT MAIN VAIL 27 99 Proposed 2023 2023 Variance 2024 1st 2024 Amended Actuals Fav/(Unfav)Budget Supplemental Amended Revenue Rental Income 1,814,753$ 1,682,746$ (132,007)$ 466,438$ 466,438$ Other Income 14,724 42,346 27,622 3,681 3,681 Total Revenue 1,829,477 1,725,092 (104,385) 470,119 - 470,119 Expenditures Operating, Maintenance & Contracts 673,217 696,887 (23,670) 171,872 125,624 297,496 Capital Outlay 12,012 (12,012) Contigency 50,000 50,000 50,000 50,000 Total Expenditures 723,217 708,899 14,318 171,872 175,624 347,496 Operating Income 1,106,260 1,016,193 (90,067) 298,247 (175,624) 122,623 Non-operating Revenues (Expenses) Interest on Investments 180 80,694 80,514 12,500 12,500 Loan Principal Repayment to Capital Projects Fund (392,607) (395,574) (2,967) (401,508) (401,508) Interest Payment to Capital Projects Fund (70,392) (64,953) 5,439 (61,447) (61,447) Total Non-operating Revenues (Expenses)(462,819) (379,833) 82,986 (450,455) - (450,455) Site/Podium/Land Transfer from Housing Fund- CDOT Land Acquisition 1,715,000 1,715,000 CDOT Land Acquisition (1,715,000) (1,715,000) Site and Podium- Timber Ridge Redevelopment (850,000) (836,242) 13,758 (32,749,840) (2,529,363) (35,279,203) Redevelopment Legal Fee Contingency (50,000) (50,000) Transfer from Housing Fund- Site and Podium 850,000 850,000 - 9,000,000 93,105 9,093,105 Transfer from General Fund- Site and Podium 23,749,840 2,472,500 26,222,340 Total Site and Podium - 13,758 13,758 - (13,758) (13,758) Building A- Debt Serivce Loan from GF for Subsidy 4,300,000 4,300,000 Building D - Purchase Price (5,847,933) (5,847,933) Total Building A- Debt Service - - (1,547,933) - (1,547,933) Revenue Over (Under) Expenditures 643,441 650,118 6,677 (1,700,141) (189,382) (1,889,523) Beginning Fund Balance 2,078,748 2,078,748 2,898,789 2,728,866 Ending Fund Balance 2,722,189$ 2,728,866$ 1,198,648$ 839,343$ TOWN OF VAIL 2024 PROPOSED AMENDED BUDGET SUMMARY OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE TIMBER RIDGE FUND 28 100 Ordinance No. 3, Series of 2024 ORDINANCE NO. 3 SERIES OF 2024 AN ORDINANCE MAKING BUDGET ADJUSTMENTS TO THE TOWN OF VAIL GENERAL FUND, CAPITAL PROJECTS FUND, REAL ESTATE TRANSFER TAX FUND, HOUSING FUND, HEAVY EQUIPMENT FUND, TIMBER RIDGE FUND, AND RESIDENCES AT MAIN VAIL FUND OF THE 2024 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 2024 which could not have been reasonably foreseen or anticipated by the Town Council at the time it enacted Ordinance No. 24, Series of 2023, adopting the 2024 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 2024 Budget and Financial Plan for the Town of Vail, Colorado, and authorizes the following budget adjustments: General Fund $ 8,866,068 Capital Projects Fund 30,059,716 Real Estate Transfer Tax Fund 27,436,386 Housing Fund 14,092,051 Heavy Equipment Fund 1,227,546 Residences at Main Vail Fund 62,019 Timber Ridge Fund 4,469,987 Interfund Transfers (9,999,335) Total $ 76,214,438 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 101 Ordinance No. 3, Series of 2024 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 19th day of March 2024, and a public hearing shall be held on this Ordinance on the 2nd day of April, 2024, at the regular meeting of the Town Council of the Town of Vail, Colorado, in the Municipal Building of the town. _______________________________ Travis Coggin, Mayor ATTEST: ___________________________ Stephanie Bibbens, Town Clerk 102 Ordinance No. 3, Series of 2024 READ AND APPROVED ON SECOND READING AND ORDERED PUBLISHED IN FULL this 2nd day of April 2024. _____________________________ Travis Coggin, Mayor ATTEST: ________________________________ Stephanie Bibbens, Town Clerk 103