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10-06-14 Town Council PacketsSNOWMASS VILLAGE TOWN COUNCIL REGULAR MEETING AGENDA OCTOBER 06, 2014 PLEASE NOTE THAT ALL TIMES ARE APPROXIMATE — ITEMS COULD START EARLIER OR LATER THAN THE STATED TIME CALL TO ORDER AT 4:00 P.M. Item No. 1: ROLL CALL Item No. 2: PUBLIC NON - AGENDA ITEMS (5- minute time limit) Item No. 3: COUNCIL UPDATES Item No. 5: NOVEMBER 4 2014 ELECTION UPDATE (Time: 5 Minutes) ACTION REQUESTED OF COUNCIL: Listen to presentation and ask questions regarding Election -- Janice Vos Caudill, Pitkin County Clerk .... No Packet Info Item No. 6: PUBLIC HEARING — 2015 ROAD MILL LEVY FUND: (Time: 5 Minutes) TO RECEIVE PUBLIC COMMENT TO REVIEW THE ROAD MILL LEVY PROJECTS FOR THE YEAR 2015 ACTION REQUESTED OF COUNCIL: Receive public comment on the attached project list, and consider the public input when developing the 2015 Road Fund bid package. -- Anne Martens .............. ...........................Page 4 Item No. 7: PUBLIC HEARING AND RESOLUTION NO. 30. SERIES OF 2014— APPROVING THE 2015 BUDGET (Time: 10 Minutes) A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES FOR THE TOWN OF SNOWMASS VILLAGE AND ADOPTING FOR THE CALENDAR YEAR BEGINNING ON THE FIRST DAY OF JANUARY, 2014 AND ENDING ON THE LAST DAY OF DECEMBER, 2014 AND APPROPRIATING SUMS OF MONEY TO THE VARIOUS FUND FOR THE 2015 BUDGET YEAR. ACTION REQUESTED OF COUNCIL: Approve, Modify or Deny Resolution No. 30, Series of 2014 -- Marianne Rakowski ............. ...........................Page 7 Item No. 8: FIRST READING — ORDINANCE NO. 02 SERIES OF 2014 — AMENDING THE 2014 BUDGET 10- 06 -14tc Agenda Page 2 of 3 AN ORDINANCE AMENDING THE 2014 BUDGET FOR ALL FUNDS FOR THE TOWN OF SNOWMASS VILLAGE (Time: 10 minutes) ACTION REQUESTED OF COUNCIL: Approve, modify or deny Second Reading of Ordinance No. 02, Series of 2014. -- Marianne Rakowski .........................Page 106, Budget Page 17 Item No. 9: PUBLIC HEARING — SECOND READING OF ORDINANCE NO. 3 SERIES OF 2014 — AN ORDINANCE REGARDING A MINOR PUD AMENDMENT TO BASE VILLAGE INVOLVING REQUESTED VESTED RIGHTS EXTENSION, AND COMPLETION OF CERTAIN PUBLIC IMPROVEMENTS, AND TIMEFRAME FOR COMPLETION OF CERTAIN PRIVATE IMPROVEMENTS (Time: 120 Minutes) ACTION REQUESTED OF COUNCIL: Approve, modify or deny second reading of Ordinance No. 3, Series of 2014 - -Julie Ann Woods, Community Development Director .......................................... ..............................Page 110 Item No. 10: MANAGER'S REPORT (Time: 10 minutes) - -Clint Kinney ....................... ...........................Page 229 Item No. 11: AGENDA FOR NEXT TOWN COUNCIL MEETING: • October 20, 2014 • November 17,2014 • December 1, 2014 • December 8, 2014 • December 15, 2014 .................................... ............................... Page 233 Item No. 12: APPROVAL OF MEETING MINUTES FOR: • September 8, 2014 — Regular Meeting .................................... ............................... Page 241 Item No. 13: COUNCIL COMMENTS /COMMITTEE REPORTS /CALENDARS: • October • November • December ......... ............................... ...........................Page 246 Item No. 14: ADJOURNMENT 10- 06 -14tc Agenda Page 3 of 3 NOTE: Total time estimated for meetinq: Approx 2.5 hours (excludina items 1 -3 and 11 —14) ALL ITEMS AND TIMES ARE TENTATIVE AND SUBJECT TO CHANGE WITHOUT FURTHER NOTICE. PLEASE CALL THE OFFICE OF THE TOWN CLERK AT 923 -3777 ON THE DAY OF THE MEETING FOR ANY AGENDA CHANGES. AGENDA ITEM SUMMARY TOWN OF SNOWMASS VILLAGE Meeting Date: October 6, 2014 Agenda Item: 2015 Road Mill Levy Fund (PUBLIC HEARING) Presented By: Anne Martens, Public Works Director Core Issues: To receive public comment on the attached project list for the proposed 2015 Road Improvement project list pursuant to section 4 -14 of the Municipal Code. Description: Please find attached a draft list of the 2015 Road Fund projects and map indicating the roadways. In the spring of 2015, staff will inspect the roads, confirm the project list or make appropriate adjustments to stay within the allotted project budget. The bid package will assembled in April with the intention to have a project under construction in late May or early June. Coordination with utility companies has taken place to ensure there are no conflicts between projects. Financial Impact: This project is funded from the Road Fund and $250,000 is included in the 2015 budget. Also note that the 2015 Road Fund budget includes the $800,000 Town contribution to the Brush Creek / Wood Road Roundabout. Attachments: Exhibit A — 2015 Road Fund Project List Exhibit B — Map of 2015 Road Fund Project List Council Options: No action by Council is necessary. Staff Recommendation: 10 -06 -14 TC Packet EXHIBIT A St OWMASS et" e _... PUBLIC WORKS DEPARTm IT West Village Brush Creek Road Guardrail Replacement $12,000 2015 ROAD FUND PROJECTS DRAFT $7,000 2015 DISTRICT ROAD DESCRIPTION PROJECT PROPOSED West Village Burlingane Lane Full Length Asphalt overlay $11,300 Woodrun Wood Road Stanton Lane to Bridge Lane Asphalt overlay $45,000 Woodrun Village Run Circle full length Asphalt overlay $10,900 Ridge Run Deer Ridge Lane full length Asphalt overlay $25,000 Horse Ranch Bridle Path Lane full length Asphalt overlay $19,000 Wood Run Creek Lane full length Asphalt overlay $21,000 Two Creeks Two Creeks Drive Owl Creek to Blue Spruce Lane Asphalt overlay $52,500 West Village Brush Creek Road Guardrail Replacement $12,000 Ridgerun Faraway Road Guardrail replacement $7,000 Various Roads Patching $8,300 Various Roads Crack seal $15,000 Guardrail, Culvert, Street Light Repair $10,000 Contingency $13,000 TOTAL $250,000 10 -06 -14 TC Packet 5 EXHIBIT B 10 -06 -14 TC Packet 6 Im14 LT, m 7_ ►\�I�111��1 TO: Snowmass Village Town Council FROM: Clint Kinney, Town Manager Marianne Rakowski, Finance Director DATE: _ _ _ _ _ _October_6, 2014 SUBJECT: Adopting and appropriating funds for the 2015 Budget for all funds of the Town of Snowmass Village I. PURPOSE AND ACTIONS REQUESTED OF COUNCIL: Review and approve Resolution No. 30, Series of 2014. A Resolution adopting and appropriating funds for the 2015 Budget for all funds of the Town of Snowmass Village 11. BACKGROUND The Town Council reviewed the 2015 Proposed Budget for all funds of the Town of Snowmass Village on September 22, 2014. Below is a summary of the 2015 budget that includes the adjustments approved by the Town Council on September 22, 2014. Per the Home Rule Charter, the Town Council adopts the budget by resolution. This resolution adopts and appropriates funds for the 2015 budget. The Financial Advisory Board reviewed the budget on September 10, 2014 and recommends adoption of the 2015 budget. Below is a summary of all funds of the Town of Snowmass Village. 10 -06 -14 TC Packet 7 - General Fund Debt Service Fund Lottery Fund RETT Fund Road Fund Excise Tax Fund Marketing Fund Group Sales Fund CIP Fund Reop Fund Housing Fund Mtn View I Fund Mtn View II Fund TOTAL Funds $ 91979,211 - -$ -11,446,451 $ 5,728 $ 1,080,775 $ 29,453 $ 30,300 $ 3,223,722 $ 2,244,200 $ 1,734,077 $ 2,393,843 $ 5,233,267 $ 253,000 $ 710,035 $ 4,228,804 $ 693,967 $ 1,623,325 $ (963,185) $ $ 27,474 $ 5,024 $ 1,149,382 $ 1,314,800 $ 1,719,040 $ 1,028,480 $ 280,381 $ 249,542 $ (14,589,373) $3,429,894 $ (1,080,775) $ - $ (23,000) $ (1,423,609) (1,170,860) $ (1,255,123) (1,736,034) $ (19,000) $ (4,261,892) $ (1,767,205) $ (5,000) $ ( 723,735) $( 500,000) $ (963,185) $ (216,849) 111. STAFF RECOMMENDATIONS AND FINDINGS Adoption of Resolution No. 30, Series of 2014. $(298,900) $ (10,560) $ ( -0 -) $ ( 1,500) Note: A copy of the 2015 budget is available at the Town Clerks office. 10 -06 -14 TC Packet 8 $ 9;967;283 $ 5,728 $ 36,753 $ 2,873,453 $ 1,136,763 $ 5,467,267 $ 676,947 $ 550,087 $ 27,498 $ 1,229,887 $ 1,784,335 $ 311,574 I SNOWMASS VILLAGE TOWN COUNCIL 2 RESOLUTION NO. 30 3 SERIES OF 2014 4 5 A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES FOR THE 6 TOWN OF SNOWMASS VILLAGE AND ADOPTING A BUDGET FOR THE 7 CALENDAR YEAR BEGINNING ON THE FIRST DAY OF JANUARY, 2015 AND s ENDING ON THE LAST DAY OF DECEMBER, 2015 AND APPROPRIATING SUMS 9 OF MONEY TO ALL FUNDS FOR THE 2015 BUDGET YEAR. 10 11 WHEREAS, the Town Council of the Town of Snowmass Village has appointed 12 - Clint Kinney, Town Manager to prepare and submit a proposed budget to the -Town - 13 Council by December 31, 2014; and 14 15 WHEREAS, Clint Kinney, Town Manager has submitted a proposed 2015 budget 16 to the Town Council on September 22, 2014; and 17 18 WHEREAS, projected expenditures have been budgeted with projected 19 revenues and reserves so that the budget remains in balance, as required by law; and 20 21 WHEREAS, the Town of Snowmass Village has made provision therein for 22 revenues and fund balance in an amount equal to or greater than the total proposed 23 expenditures as set forth in said budget; and 24 25 WHEREAS, the 2015 Highway User Tax and County Road and Bridge Funds will 26 be expended on road projects in the Public Works Road Division and Road Fund; and 27 28 WHEREAS, upon due and proper notice, published and posted in accordance 29 with the law, said revised and proposed budget was open for inspection by the public at 30 the Town Clerk's office, a Public Hearing was held on October 6, 2014, and interested 31 taxpayers were given the opportunity to file or register any objections to said revised 32 and proposed budget. 33 34 NOW, THEREFORE, BE IT RESOLVED by the Town Council of the Town of 35 Snowmass Village, Colorado: 36 Section One: 37 That the estimated expenditure for 2015 for each fund is as follows: 38 General Fund $15,178,273.00 39 Housing Fund 1,234,295.00 40 Debt Service Fund 1,080,775.00 41 Mountain View Fund 963,185.00 42 Lottery Fund 23,000.00 43 Real Estate Transfer Tax Fund 2,594,469.00 44 Mountain View Phase II Fund 218,349.00 45 Road Fund 2,991,157.00 46 Excise Tax Fund 19,000.00 10 -06 -14 TC Packet 9 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 14 -30 Page 2 Marketing & Special Events Fund 4,261,892.00 Capital Improvement Fund -0- Group Sales Fund 1,767,205.00 REOP Fund 5,000.00 Total Fund Expenditures $30,336,600.00 Section Two: That the estimated revenues including carryover for each fund are as follows: General Fund $25,145,556.00 Housing Fund 2,464,182.00 Debt Service Fund 1,086,503.00 Mountain View Fund 2,747,520.00 Lottery Fund 59,753.00 Real Estate Transfer Tax Fund 5,467,922.00 Mountain View Phase II Fund 529,923.00 Road Fund 4,127,920.00 Excise Tax Fund 5,486,267.00 Marketing & Special Events Fund 4,938,839.00 Capital Improvement Fund -0- Group Sales Fund 2,317,292.00 REOP Fund 32,498.00 Total Fund Revenues $54,404,175.00 General Fund Carryover $ 9,979,211.00 Sources other than property tax 14,243,173.00 General Property Tax 923,172.00 Total General Fund $25,145,556.00 Housing Fund Carryover $ 1,149,382.00 Sources other than property tax 1,314,800.00 General Property Tax -0- Total Housing Fund 10 -06 -14 TC Packet 10 $ 2,464,182.00 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 14 -30 Page 3 Debt Service Fund Carryover $ 5,728.00 Sources other than property tax -0- General Property Tax 1,080,775.00 Total Debt Service Fund $ 1,086,503.00 Mountain View Fund Carryover $ 1,719,040.00 Sources other than property tax 1,028,480.00 General Property Tax -0- Total Mountain View Fund $ 2,747,520.00 Lottery Fund Carryover $ 29,453.00 Sources other than property tax 30,300.00 General Property Tax -0- Total Lottery Fund $ 59,753.00 Real Estate Transfer Tax Fund Carryover $ 3,223,722.00 Sources other than property tax 2,244,200.00 General Property Tax -0- Total Real Estate Transfer Tax Fund $ 5,467,922.00 Mountain View Phase II Fund Carryover $ 280,381.00 Sources other than property tax 249,542.00 General Property Tax -0- Total Mountain View Phase II Fund $ 529,923.00 Road Fund Carryover $ 1,734,077.00 Sources other than property tax 6,800.00 General Property Tax 2,387,043.00 Total Road Fund 10 -06 -14 TC Packet 11 $ 4,127,920.00 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 14 -30 Page 4 Excise Tax Fund Carryover $ 5,233,267.00 Sources other than property tax 253,000.00 General Property Tax -0- Total Excise Tax Fund $ 5,486,267.00 Marketing & Special Events Fund Carryover $ 710,035.00 Sources other than property tax 4,228,804.00 General Property Tax -0- Total Marketing & Special Events Fund $ 4,938,839.00 Capital Improvement Fund Carryover $ -0- Sources other than property tax -0- General Property Tax -0- Total Capital Improvement Fund $ -0- Group Sales Fund Carryover $ 693,967.00 Sources other than property tax 1,623,325.00 General Property Tax -0- Total Group Sales Fund $ 2,317,292.00 REOP Fund Carryover $ 27,474.00 Sources other than property tax 5,024.00 General Property Tax -0- Total REOP Fund 4 •: it Section Two: That the following sums are hereby appropriated from the revenue of each fund, to each fund, for the purposes stated: 10 -06 -14 TC Packet 12 185 14 -30 186 Page 5 187 188 General Fund 189 Operating Expenditures $ 14,224,528.00 190 Capital Expenditures 364,845.00 191 One -time Expenditures 588,900.00 192 Capital Reserves 1,046,484.00 193 Emergency Contingency & TABOR 2,813,218.00 194 General Reserve 6,107,581.00 195 196 Total General Fund $ 25,145,556.00 197 198 Housing Authority Fund 199 Operating Expenditures $ 1,223,735.00 200 Debt Service -0- 201 Capital Expenditures 10,560.00 202 Bond Reserve -0- 203 Capital Reserve 345,979.00 204 Emergency /Contingency Reserve 210,368.00 205 Unappropriated Reserve 673,540.00 206 207 Total Housing Fund $ 2,464,182.00 208 209 Debt Service Fund 210 Debt Service $ 1,077,775.00 211 Debt Service Reserve 5,728.00 212 Operating Expenditures 3,000.00 213 214 Total Debt Service Fund $ 1,086,503.00 215 216 Mountain View Fund 217 Operating Expenditures $ 414,175.00 218 Debt Service 549,010.00 219 Capital Expenditures -0- 220 Bond Reserve 528,000.00 221 Capital Reserve 184,066.00 222 Emergency /Contingency Reserve 164,557.00 223 Unappropriated Reserve 907,712.00 224 225 Total Mountain View Fund $ 2,747,520.00 226 227 228 229 230 10 -06 -14 TC Packet 13 231 14 -30 232 Page 6 233 234 Lottery Fund 235 Operating Expenditures $ 23,000.00 236 Capital Expenditures -0- 237 Unappropriated Reserve 36,753.00 238 239 Total Lottery Fund $ 59,753.00 240 241 Real Estate Transfer Tax Fund 242 Operating Expenditures $ 1,170,860.00 243 Capital Expenditures 1,423,609.00 244 Undesignated Reserve 94,010.00 245 General Reserve 1,550,000.00 246 Capital Equipment Reserve 1,229,443.00 247 248 Total Real Estate Transfer Tax Fund $ 5,467,922.00 249 250 Mountain View Phase II Fund 251 Operating Expenditures $ 72,799.00 252 Capital Expenditures 1,500.00 253 Debt Service 144,050.00 254 Capital Reserve 126,487.00 255 Emergency /Contingency Reserve 39,927.00 256 Unappropriated Reserve 145,160.00 257 258 Total Mountain View Phase II Fund $ 529,923.00 259 26o Road Fund 261 Operating Expenditures $ 1,810,178.00 262 Capital Expenditures 1,180,979.00 263 Capital Reserve 818,713.00 264 Unappropriated Reserve $ 318,050.00 265 266 Total Road Fund $ 4,127,920.00 267 268 Excise Tax Fund 269 Operating Expenditures $ 19,000.00 270 Capital Expenditures -0- 271 Unappropriated Reserve $ 5,467,267.00 272 273 Total Excise Tax Fund $ 5,486,267.00 274 275 276 10 -06 -14 TC Packet 14 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 14 -30 Page 7 Marketing & Special Events Fund Operating Expendtiures $ 4,261,892.00 10% Reserve 422,880.00 Future Projects /Programs Reserve -0- Unappropriated Reserve $ 254,067.00 Total Marketing & Special Events Fund $ 4,938,839.00 Capital Improvement Fund Operating Expenditures $ -0- Capital Expenditures -0- Capital Improvement Fund Group Sales Fund $ -0- Operating Expenditures $ 1,767,205.00 10% Reserve 162,333.00 Future projects /programs reserve -0- Unappropriated Reserve 387,754.00 Group Sales Fund $ 2,317,292.00 REOP Fund Operating Expendtiures $ 5,000.00 Unappropriated Reserve $ 27,498.00 Total REOP Fund $ 32,498.00 Section Four: Direction 1. That the 2015 Town of Snowmass Village Budget be adopted and appropriated, a true and accurate copy of which is attached hereto. INTRODUCED, READ AND ADOPTED by the Town Council of the Town of Snowmass Village, Colorado on the 6th day of October, 2014 with a motion made by , seconded by The motion was approved by a vote of _ in favor to _ opposed. 10 -06 -14 TC Packet 15 323 14 -30 324 Page 8 325 326 327 328 329 330 331 332 333 _334 335 336 337 ATTEST: 338 339 34o Rhonda Coxon, Town Clerk TOWN OF SNOWMASS VILLAGE Bill Boineau, Mayor 10 -06 -14 TC Packet 16 TOWN OF SNOWMASS VILLAGE GENERAL FUND - BUDGET SUMMARY Note: Minus variance figures are unfavorable OTHER EXPENDITURES $ 477,702.8 -- Droste - Property Tax Revenue $ 200,1143 -- Droste - Pitkin County $ (200,000,0 ONE -TIME REVENUES $ 118,530.1 ONE -TIME EXPENDITURES $ (838,674.0 Cougar Canyon - Towards Reserve $ 90,000.01 NET REVENUE /EXPENDITURES $ (152,326.8 ENDING CARRYOVER $ 9,553,072,2: BUDGET APPROPRIATIONS 2014 2013 BUDSET SUMMARY 2014 Actual BEGINNING CARRYOVER $ 8,669,906.( OPERATING REVENUES $ 13,474,977.: -- Cougar Carryon- payments $ 90,000.0 OPERATING EXPENDITURES $ (12,339,869.4 Nkt,Opeiroting,Rev ! s /Exp, $ 1,225,107,6 Capital Outlay $ (189,614.7 OTHER EXPENDITURES $ 477,702.8 -- Droste - Property Tax Revenue $ 200,1143 -- Droste - Pitkin County $ (200,000,0 ONE -TIME REVENUES $ 118,530.1 ONE -TIME EXPENDITURES $ (838,674.0 Cougar Canyon - Towards Reserve $ 90,000.01 NET REVENUE /EXPENDITURES $ (152,326.8 ENDING CARRYOVER $ 9,553,072,2: BUDGET APPROPRIATIONS 2014 2013 2014 2014 Actual DESIGNATIONS /RESERVES: Revised INVENTORY $ 169,480.1! PREPAID EXPENSES $ 92,299.5( TABOR - RESERVE $ 327,752.8; CAPITAL EQUIP RESERVE $ 423,607.0( TOWN HALL COP - COUGAR CANYON $ 810,000.0( HOLY CROSS ENHANCEMENT FUNDS $ 717,179.3E HOUSING MITIGATION $ 12,150.00 BUILDING /EQUIPMENT RESERVE FUNDS $ 176,127.00 ENERGY EFFICIENCY FUNDS (HLY CRS FUNDS) $ _ RESERVE FOR 2013 EXPENDITURES IN 2014 $ 165,626.0C VEHICLE DEFERMENT RESERVE $ 178,694.00 ROAD FUND - EMERGENCY RESERVE $ $ 546;257,00 EMERGENCY RESERVE-16% OF OPERATING REV $ 2,034,746.57 TOTAL APPROPRIATIONS: $ 5,095,512.49 FUNDS AVAILABLE: $ 4,457,559.74 TOTAL APPROPRIATIONS & FUNDS AVAILABLE $ 9,553,072.23 10 -06 -14 TC Packet 17 2015 BUDGET $ 9,979,211.23 $ 14,786,345.00 $ 90,000.00 $ (14,224,528.00) b51;817.00 $ (364,845.00) 286,472;0 $ (9,500.00) $ 200,000.00 $ (200,000.00) $ (379,400.00) $ 90,000,00 $ (298,900.00) $ 9,967,283,23 2015 BUDGET $ 160,000.00 $ 90,000.00 $ 327,753.00 $ 423,607.00 $ 990,000.00 6 715,530.49 6 94,175.00 466,739.00 156,138.00 D 105,249.44 P 2,380,215.20 > 5,909,407.13 i 4,057,876,10 i 9,967,283.23 2014 2014 2014 8Ub6ET Revised Varioyic 7 $ 8,425,250.07 $ 9,553,072.23 $ 1,127,822.16 1 $ 14,175,509.00 $ 14,645,336.00 $ 469,827.00 $ 90,000.00 $ 90,000.00 $ - $ (13,541,531.00) $ (13,529,381.00) $ 12,150.00 723,978;00.: $ 1,205,955.00 ,$ 481,977,00. 1 $ (668,675.00) $ (604,595.00) $ 64,280.00 35;103;00, $ 601 ',360,"00 $ 546;257,00 i $ (38,190.00) $ 58,710.00 $ 96,900.00 1 $ 200,000.00 $ 200,000.00 $ - 1 $ (200,000.00) $ (200,000.00) $ $ - $ 344,175.00 $ 344,175.00 $ (394,835.00) $ (668,106.00) $ (273,271.00 $ 90,000.00 $ 90,000.00 $ - $ (343,025.00) $ (175,221.00) $ 167,804.00 $ 8,137;328.07 $ 9,979,211.23 $ 1,841,883.16 2014 2014 2014 BUD6ET' Revised Variance $ 140,000.00 $ 160,000.00 $ 20,000.00 $ 75,000.00 $ 90,000.00 $ 15,000.00 $ 296,819.38 $ 327,752.82 $ 30,933.44 $ 347,640.00 $ 423,607.00 $ 75,967.00 $ 900,000.00 $ 900,000.00 $ - $ 714,246.76 $ 620,211.43 $ (94,035.33 $ - $ 94,175.00 $ 94,175.00 $ 314,065.00 $ 314,065.00 $ $ 131,558.00 $ 167,599.00 $ 36,041.00 $ - $ 73,693.92 $ 73,693.92 $ 2,139,826.35 $ 2,357,65316 $ 217,827.41 $ 5,059,155.49 $ 5,528,757.93 $ 469,602.44 $ 3,078,172.58 $ 4,450,453.30 $ 1,372,280.72 $ 8,137,328,07 $ 9,979,211.23 $ 1,841,883.16 2015 BUDGET $ 9,979,211.23 $ 14,786,345.00 $ 90,000.00 $ (14,224,528.00) b51;817.00 $ (364,845.00) 286,472;0 $ (9,500.00) $ 200,000.00 $ (200,000.00) $ (379,400.00) $ 90,000,00 $ (298,900.00) $ 9,967,283,23 2015 BUDGET $ 160,000.00 $ 90,000.00 $ 327,753.00 $ 423,607.00 $ 990,000.00 6 715,530.49 6 94,175.00 466,739.00 156,138.00 D 105,249.44 P 2,380,215.20 > 5,909,407.13 i 4,057,876,10 i 9,967,283.23 ruuu. - rwa+ Revenues 402001 TAX - Taxes 16,441.47 14,556.00 15,837.00 15,599.00 402002 401001 -01 Property Taxes - Current Taxes 344,191.58 354,309.00 354,309.00 366,172.00 401001 -02 Property Taxes - Delinquent Taxes 2,497.55 150.00 2,900.00 150,00 401001 -03 Property Taxes - Transportation Taxes 356,885.86 357,000.00 357,000.00 357,000.00 401001-04 PropertyTaxes - DrosteTaxes 200,114.30 200,000.00 200,000.00 200,000,00 401002 -01 Specific Ownership - General 136,960.51 120,375.00 136,000.00 136,000.00 401003 Sales Taxes 0.00 0.00 0.00 0.00 401003-01 0.00 2,742,069.51 2,833,407.00 2,833,407.00 2,918,409.00 -_ 401003 -02 Sales Taxes - Town 1,555,557.33 1,621,322.00 1,621,322.00 1,669,962.00 401004 Franchise Occupation Tax 578,631.76 581,058.00 0.00 0,00 401004 -01 Franchise Occupation Tax - Centrylink 0.00 0.00 12,833.00 14,000.00 401004 -02 Franchise Occupation Tax - Comcast 0.00 0.00 135,522.00 138,233.00 401004.03 Franchise Occupation Tax- Holy Cross 0.00 0.00 246,837.00 251,774.00 401004-04 Franchise Occupation Tax - SourceGas 0.00 0.00 181,105.00 184,727.00 t 403001 Liquor License IG - Intergovernmental Revenue 402001 Cigarette Tax 16,441.47 14,556.00 15,837.00 15,599.00 402002 Additional MVSO 11,869.50 7,162.00 7,162.00 7,305.00 402003 Highway Users 122,296.03 125,483.00 119,004.00 121,239.00 402004 County Road and Bridge 42,011.20 41,694.00 41,694.00 41,694.00 402005 -01 Grants - State Grant DUI Enforcement 12,516.08 7,000.00 13,000.00 5,000.00 402005 -02 Grants - Vale Grant 2,000.00 1,500.00 1,500.00 1,500.00 402005 -03 Grants - FTA -5311 Rural Admin & Operating Grant 230,940.00 231,500.00 231,500.00 231,500.00 402005 -04 Grants - FTA -5339 Capital Grant 0.00 0.00 0.00 0,00 402005-05 Grants - TiggerGrant 0.00 0.00 0.00 0,00 402005 -06 Grants - FTA -5311 Rural Capital Grant 0.00 0.00 0.00 0.00 402005 -07 Grants - CORE 0.00 0.00 0100 0.00 402005 -08 Grants - Electrical Charging Station 0.00 0.00 5,941.00 0,00 402007 RTA Service Contract 328,090.00 337,605.00 328,919.00 337,142.00 c CI o nt e � 5 LP - Licenses & Permits 403001 Liquor License 11,728.50 10,413.00 13,737.00 14,912.00 403002 Business Sales Tax License 67,116.25 64,887.00 59,680.00 60,645.00 403003 Building Contractor License 16,848.53 8,500.00 12,000.00 15,000.00 403010 Building Permits 196,668.57 155,000.00 339,000.00 144,000.00 403011 Electrical Permits 18,050.00 10,000.00 7,500.00 15,000.00 403020 Animal Tag 531.00 550.00 550.00 550,00 403021 Alarm Permit 21,012.00 22,000.00 21,000.00 21,000.00 403030 Road Cut Permit 2,600.00 1,000.00 2,800.00 2,000.00 CS - Charges for Service 404001 Security Services Perform 10,357.16 16,000.00 12,000.00 404010 Planning Dept Fees 83,190.00 123,005.00 137,315.00 404011 Building Plan Check Fees 114,988.81 100,750.00 205,000.00 404012 Energy Fees 1,808.00 5,000.00 3,500.00 404020 Transportation Parking Fee 350,050.00 321,234.00 329,550.00 404021 Special Bus Runs 85,350.50 90,000.00 94,000.00 404030 Public Works Miscellaneous 15,854.53 10,000.00 8,000.00 404040 -01 Trash Fees - Misc Solid Waste 19,961.65 15,750.00 5,000.00 404040 -02 Trash Fees - Homeowner 279,528.54 294,466.00 293,504.00 404040 -03 Trash Fees - Rear Load 413,919.75 418,946,00 400,938.00 404040 -04 Trash Fees - Curbside 76,278.26 85,183.00 79,220.00 404040.05 Trash Fees - Roll Off 134,907.19 125,257.00 125,257.00 404040 -06 Trash Fees - Solid Waste Fuel Surcharge 0.00 0.00 0.00 10 -06 -14 TC Packet _. _._ ___ __w__ _� _ ___ __ 18 12,000.00 175,600.00 152,100.00 7500.00 332,379.00 105,720.00 10,000.00 5,000.00 308,504.00 454,604.00 81,127.00 125,888.00 0.00 404051 Pool and Recreation Center Memberships 446,86234 536,000.00 495,000.00 516,000.00 404052 Recreation Center Classes/ Trainers 94,958.83 85,850.00 85,850.00 85,850.00 404060 Administration Fee 28,289.00 25,838.00 25,838.00 26,613.00 404061 Attorney Fees 24,255.00 26,000.00 26,000.00 28,000.00 404062 Marketing Special Events 0.00 0.00 0.00 0,00 404063 External Billable Labor 19,709.57 20,432.00 0.00 0.00 404063 -01 External Billable Labor- Facility Management 0.00 0.00 0.00 0,00 404063 -02 External Billable Labor - Shop 255.00 0.00 20,000,00 20,000.00 FF - Fines & Forfiets 405001 Moving Violations 5,060.00 3,600.00 3,600.00 3,600.00 405002 Parking Violations 38,027.00 36,000.00 36,000.00 36,000.00 405003 Zoning Violations 0.00 0.00 0.00 0.00 405004 Animal Fines 1,020.00 1,500.00 1,000.00 1,000.00 405005 Court Fines 580.00 1,200.00 1,000.00 1,000.00 405006 Miscellaneous Fines 1,375.00 800.00 1,300.00 1,300.00 405007 Court Fees 645.00 450.00 450.00 450.00 1 a ra CONT - Contributions 406001 Ski Corp Contributions 1,119,576.68 1,151,431.00 1,230,689.00 1,288,531.00 406002 Animal Control Adoptions 0.00 50.00 50.00 50.00 406003 Holy Cross Community Enhancement 90 ,728.21 90,764.00 92,543.00 95,319.00 406004 Cougar Canyon 180,000.00 180,000.00 180,000.00 180,000.00 406005 Housing Mitigation 0.00 0.00 94,175.00 0,00 406006 Annexation Fees 0,00 0.00 250,000.00 0,00 MISC - Miscellaneous 407001 Interest Income 28,742.42 22,550.00 19,964.00 19,950.00 407002 Penalty & Interest 1,700.81 500.00 100.00 250.00 407003 Miscellaneous Income 52,728.16 49,656.00 65,035.00 66,986.00 407004 Insurance Recovery 0.00 0.00 0.00 0.00 407005 Misc Police Revenue 7,676.75 4,400.00 4,400.00 4,400.00 407006 Transmitter Site Fees 38,257.92 38,258.00 38,258.00 38,258.00 407007 -01 Employee Housing - Rent Public Works 9,755.76 9,988.00 9,099.00 10,258.00 407007 -02 Employee Housing - Reserve Public Works 1,200.00 1,200.00 1,100.00 1,200.00 407007 -03 Employee Housing- Country Club Townhome 16,856.14 10,646.00 17,097.00 30,000.00 407008 Accounts Payable Write Offs 26,518.46 0.00 0.00 0,00 407009 Rett Processing Fee 2,850.00 2,600.00 2,050.00 2,175.00 407010 Rodeo Commissions 0.00 0.00 0.00 0.00 407011 Recreation Center Concessions 20,145.36 22,667.00 22,667.00 22,667.00 407012 Rent Town Hall 116,802.00 121,657.00 118,152.00 121,232.00 407013 Over Weight Vehicle Charge 500.00 500.00 750.00 500.00 407014 Banner Charge 8,045.00 5,500.00 5,000.00 5,000.00 407015 Recreation Rental Fees 9,101.00 7,727.00 7,727.00 7,727.00 407016 AEU New Registrations 0.00 200.00 0.00 0,00 407017 -01 False Alarms - Burglary Fee 350.00 400.00 400.00 400.00 407017 -02 False Alarms - Fire Fee 0.00 0.00 0.00 0.00 407018 Miscellaneous Parks and Rec Income 1,904.85 0.00 0.00 0.00 s a a setano S9 0 , TI- Transfer In From Other Funds 408005 Transfer In Lottery 41,523.00 23,000.00 23,000.00 23,000.00 408006 Transfer In Rett 1,226,531.30 1,426,766.00 1,476,810.00 1,170,860.00 10 -06 -14 TIC Packet 19 408060 Transfer In Housing 0.00 0.00 0.00 500,000.00 408090 Transfer In GID 0.00 0.00 0.00 0,00 SA - Sale of Assets 410001 -01 General Assets - Police 3,200.00 0.00 0.00 0.00 410001 -02 General Assets -Town Clerk 5,000.00 0.00 0.00 0.00 410001 -03 General Assets -Town Council 118,530.10 0.00 0.00 0.00 BP - Bond Proceeds 413001 Proceeds From Bond Issue 0.00 0,00 0.00 0.00 11413 03-0 Expenditures Department: 01 -Town Council Cash Purchases- Equipment 0.00 0.00 0.00 Division: 00 -- Cash Purchases - Office 0.00 0.00 0.00 Program: 101- Attomey Fees Cash Purchases - Computer 0.00 0.00 0.00 PER - Personnel Services Cash Purchases - Furniture & Fixtures 0.00 0.00 0.00 501001 -01 Payroll - Regular 134,218.29 132,570.00 132,928.00 138,517.00 501002 Payroll Overtime 0.00 0.00 0.00 0,00 501003 Payroll Benefits 48,043.43 61,312.00 56,955.00 66,722.00 501003 -01 Payroll Benefits- Recreation Benefit 0.00 0.00 0.00 0,00 501003 -06 Payroll Benefits - Retirement O.DO 0.00 0.00 0.00 501003 -08 Payroll Benefits -Medicare 0.00 0.00 0.00 0,00 501003 -09 Payroll Benefits - Fica 0.00 0.00 0.00 0.00 501003 -10 Payroll Benefits -Health Insurance 0.00 0.D0 0.00 0,00 501003 -13 Payroll Benefits - Dental Insurance 0.00 0.00 0.00 0,00 501003 -14 Payroll Benefits- Vision Insurance 0.00 0.00 0.00 0100 501003.15 Payroll Benefits - Standard - Life /AD &D 0.00 0.00 0.00 0.00 501003 -16 Payroll Benefits - Cigna - Life /AD &D 0.00 0.00 0.00 0100 501003 -17 Payroll Benefits - Dependant Life 0.00 0.00 0100 0,00 501003 -18 Payroll Benefits - Long Term Disability 0.00 0,00 0.00 0.00 501003 -19 Payroll Benefits - Unemployment Insurance 0.00 0.00 0100 0.00 501003 -20 Payroll Benefits - Workmans Comp 0.00 0.00 0.00 0,00 501003 -21 Payroll Benefits - Taxable Life 0.00 0.00 0100 0.00 501004 Training/ Registrations 247.00 1,000.00 1,000.00 1,000.00 501005 Travel & Meeting Expenses 257.88 1,000.00 1,000.00 1,000.00 PUR - Purchased Services 502001 Legal Fees Special Counsel 12,029.65 11,000.00 11,000.00 11,000.00 OM - Operating & Maintenance 503001 Advertising 0.00 0.00 0.00 0.00 503002 Dues, Memberships, Subscriptions 0.00 250.00 325.00 325.00 503003 Miscellaneous 72.20 250.00 250.00 250.00 CAP - Capital 507001 -03 Cash Purchases- Equipment 0.00 0.00 0.00 507001 -04 Cash Purchases - Office 0.00 0.00 0.00 507001 -05 Cash Purchases - Computer 0.00 0.00 0.00 507001 -12 Cash Purchases - Furniture & Fixtures 0.00 0.00 0.00 507001 -20 Cash Purchases - Other 0.00 0.00 0.00 10 -06 -14 TIC Packet 20 0.00 0.00 0.00 0.00 0.00 Program: 102 - Town Council PER - Personnel Services 501001 -01 Payroll - Regular 68,400.00 68,400.00 68,400.00 68,400.00 501003 Payroll Benefits 5,325.12 5,253.00 5,253.00 5,253.00 501003 -08 Payroll Benefits - Medicare 0.00 0.00 0.00 0.00 501003 -09___ _ Payroll Benefits - Fica 0.00 0.00 _ 0.00 0.00 501003 -19 Payroll Benefits - Unemployment Insurance 0.00 0.00 0.00 0.00 501003 -20 Payroll Benefits - Workmans Comp 0.00 0.00 0.00 0.00 501004 Training/ Registrations 572.00 1,000.00 11000.00 1,000.00 501005 Travel & Meeting Expenses 1,170.79 1,500.00 1,500.00 1,500.00 PUR - Purchased Services 502002 Consultant 84.59 0.00 0.00 0,00 502003 Contract Service 75,182.34 75,900.00 75,900.00 75,900.00 502004 Telephone 960.00 1,000.00 1,000.00 1,000.00 tf OM - Operating & Maintenance 503001 Advertising 0.00 0.00 O.DO 0.00 503002 Dues, Memberships, Subscriptions 22,434.38 23,884.00 23,884.00 24,186.00 503003 Miscellaneous 2,130.95 2,250.00 4,750.00 2,250.00 503012 Public Relations 0.00 100.00 100.00 100.00 DON - Donations & Grants 504001 -01 Donations - General 0.00 0.00 0.00 0.00 CAP - Capital 507001 -03 Cash Purchases - Equipment 0.00 0.00 0.00 0.00 507001 -04 Cash Purchases - Office 0.00 0.00 0.00 0.00 507001 -05 Cash Purchases- Computer 0.00 0.00 0.00 0.00 507001 -06 Cash Purchases - Land Improvements 0.00 0.00 0.00 0.00 507001 -07 Cash Purchases - Buildings 0.00 0.00 0.00 0.00 507001 -12 Cash Purchases - Furniture & Fixtures 0.00 0.00 0.00 0.00 507001 -20 Cash Purchases - Other 0.00 0.00 0.00 0,00 Department: 02 - Town Manager Dhdslon: 00 - - Program: 103 -Administration PER - Personnel Services 501001 -01 Payroll - Regular 95,278.94 140,158.00 38,485.00 147,918.00 501002 Payroll Overtime 0.00 0.00 0.00 0.00 501003 Payroll Benefits 41,632.02 70,265.00 24,520.00 80,305.00 501003-01 Payroll Benefits - Recreation Benefit 0.00 0.00 0.00 0.00 501003 -03 Payroll Benefits - Car Allowance 0.00 0.00 0.00 0.00 501003 -04 Payroll Benefits - Housing Allowance 0.00 0.00 0.00 0.00 501003 -06 Payroll Benefits - Retirement 0.00 0.00 0.00 0.00 10 -06 -14 TIC Packet 21 501003 -09 Payroll Benefits- Fica 0.00 0.00 0.00 0.00 501003 -10 Payroll Benefits - Health Insurance 0.00 0.00 0.00 0,00 501003 -13 Payroll Benefits - Dental Insurance 0.00 0.00 0.00 0.00 501003 -14 Payroll Benefits -Vision Insurance 0.00 0.00 0.00 0,00 501003 -15 Payroll Benefits - Standard - Life / AD& 0 0.00 0.00 0.00 0.00 501003 -16 Payroll Benefits - Cigna - Ufe /AD &D 0.00 0.00 0.00 0,00 501003 -17 Payroll Benefits - Dependant Life 0.00 0.00 0.00 0.00 501003 -18 -- - - -- Payroll Benefits - Long -Term Disability 0.00 0.00 0.00 0100 501003 -19 Payroll Benefits - Unemployment Insurance 0.00 0.00 0.00 0.00 501003 -20 Payroll Benefits - Workmans Comp 0.00 0.00 0.00 0.00 501003 -21 Payroll Benefits - Taxable Life 0.00 0.00 0.00 0.00 501004 Training/ Registrations 1,204.40 500.00 500.00 500,00 501005 Travel & Meeting Expenses 211.12 500.00 500.00 500.00 PUR - Purchased Services 502002 Consultant 0.00 0.00 0.00 0.00 502002.01 Consultant - Employee Training 13,400.00 14,000.00 14,000.00 14,000.00 502003 Contract Service 78,082.83 0.00 141,509.00 0.00 502004 Telephone 599.94 1,020.00 1,020.00 1,020.00 502005 Employee Relations 4,572.01 9,350.00 9,350.00 9,350.00 t OM - Operating & Maintenance 503001 -02 Advertising - Jobs 0.00 0.00 0.00 0.00 503001 -05 Advertising - Other 0.00 0.00 0.00 0.00 503002 Dues, Memberships, Subscriptions 378.47 2,000.00 2,000.00 2,000.00 503003 Miscellaneous 474.00 600.00 600.00 600.00 503004 Printing 0.00 0.00 0.00 0,00 503005.01 Supplies - Office 0.00 0.00 0.00 0.00 B CAP - Capital 507001 -03 Cash Purchases- Equipment 0.00 0.00 0.00 0,00 507001 -04 Cash Purchases - Office 0.00 0.00 0.00 0.00 507001 -05 CashPurchases - Computer 0.00 0.00 0.00 0,00 507001 -06 Cash Purchases - Land Improvements 0.00 0.00 0.00 0100 507001 -07 Cash Purchases - Buildings 0.00 0.00 0.00 0,00 507001 -12 Cash Purchases - Furniture & Fixtures 0.00 0.00 0100 0,00 507001 -20 Cash Purchases - Other 0.00 0.00 0.00 0,00 Program: 104 - Advisory Boards OM - Operating & Maintenance 503011.03 Board Expenses - SAAB 0.00 500.00 0.00 0,00 503011 -02 Board Expenses - PTRAS 92.46 1,100,00 1,100.00 1,100.00 Program: 105- Community Relations PER - Personnel Services 501001.01 Payroll - Regular 66,886.33 77,050.00 77,227.00 80,515.00 501002 Payroll Overtime 0.00 0.00 0.00 0.00 501003 Payroll Benefits 30,042.63 35,323.00 33,110.00 38,304.00 501003 -01 Payroll Benefits - Recreation Benefit 0.00 0.00 0.00 0.00 10 -06 -14 TIC Packet 22 501003 -04 Payroll Benefits - Housing Allowance 0.00 0.00 0.00 0.00 501003 -06 Payroll Benefits - Retirement 0,00 0.00 0.00 0,00 501003 -08 Payroll Benefits - Medicare 0.00 0.00 0.00 0.00 501003.09 Payroll Benefits - Fica 0.00 0.00 0.00 0.00 501003 -10 Payroll Benefits - Health Insurance 0.00 0.00 0.00 0,00 501003 -13 Payroll Benefits - Dental Insurance 0.00 0.00 0.00 0.00 501003 -14 Payroll Benefits - Vision Insurance 0.00 0.00 0.00 0,00 501003 -15 Payroll Benefits - Standard - Life / AD& D 0.00 0.00 0.00 0.00 501003 -16 Payroll Benefits - Cigna - Ufe /AD &D 0.00 0.00 0.00 0.00 501003 -17 Payroll Benefits - Dependant Life 0.00 0.00 0.00 0.00 501003 -18 Payroll Benefits - Long Term Disability 0.00 0.00 0.00 0,00 501003.19 Payroll Benefits - Unemployment Insurance 0.00 0.00 0.00 0.00 501003 -20 Payroll Benefits - Workman Comp 0.00 0.00 0.00 0.00 501003 -21 Payroll Benefits - Taxable Life 0.00 0.00 0.00 0.00 501004 Training/ Registrations 0.00 0100 0.00 600.00 501005 Travel & Meeting Expenses 0100 0.00 1,000.00 1,000.00 PUR - Purchased Services 502003 Contract Service 18,021.00 15,000.00 15,000.00 15,000.00 502004 Telephone 960.00 720.00 720.00 720,00 OM - Operating & Maintenance 503001 -02 Advertising - Jobs 39.00 0.00 0.00 0.00 503001 -03 Advertising - Print 0.00 0.00 12,528.00 13,628.00 503001 -04 Advertising - Radio 0.00 0.00 0.00 2,100.00 503001 -05 Advertising - Other 17,887.50 16,000.00 5,000.00 1,494.00 503002 Dues, Memberships, Subscriptions 0.00 0100 0.00 0.00 503003 Miscellaneous 3,074.93 6,335,00 2,000.00 650.00 503004 Printing 975.18 4,500,00 8,000.00 7,498.00 503005 -01 Supplies - Office 75.60 100.00 100.00 100.00 $03012 Public Relations 0.00 0.00 343.00 2,000.00 CAP - Capital 507001 -03 CashPurchases - Equipment 0.00 0.00 0.00 0.00 507001 -04 Cash Purchases- Office 0.00 0.00 0.00 0.00 507001 -05 Cash Purchases - Computer 0,00 0.00 0.00 0,00 507001 -12 Cash Purchases - Furniture & Fixtures 0100 0.00 0.00 0.00 507001 -20 Cash Purchases - Other , 0.00 0.00 0.00 INSEENE 0,00 Department: 03 -Town Clerk Dhdsion: 00 - - Program: 103 - Administration PER - Personnel Services 501001 -01 Payroll - Regular 501002 Payroll Overtime 501003 Payroll Benefits 501003 -01 Payroll Benefits - Recreation Benefit 501003 -06 Payroll Benefits - Retirement 10 -06 -14 TIC Packet 23 27,685.53 54,794.00 48,042.00 56,642.00 0.00 0.00 0.00 0,00 11,326.33 24,064.00 20,129.00 26,034.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 501003 -09 Payroll Benefits - Fica 0.00 0.00 0.00 0.00 501003 -10 Payroll Benefits - Health Insurance 0.00 0.00 0.00 0,00 501003 -11 Payroll Benefits - Seasonal Health Insurance 0.00 0.00 0.00 0.00 501003 -13 Payroll Benefits - Dental Insurance 0.00 0.00 0.00 501003 -14 Payroll Benefits - Vision Insurance 0.00 0.00 0.00 501003 -15 Payroll Benefits - Standard - Life / AD& D 0.00 0.00 0.00 0.00 0.00 0.00 501003-16. Payroll Benefits - Cigna - -Life /AD &D - - 0.00 0.00 -0.00 0.00 501003 -17 Payroll Benefits - Dependant Life 0.00 0.00 0.00 0.00 501003 -18 Payroll Benefits - Long Term Disability 0.00 0.00 0.00 0.00 501003 -19 Payroll Benefits - Unemployment Insurance 0.00 0.00 0.00 0.00 501003 -20 Payroll Benefits - Workmans Comp 0.00 0.00 0.00 0.00 501003 -21 Payroll Benefits - Taxable Life 0.00 0.00 0.00 0,00 501004 Training/ Registrations 16.25 0.00 0.00 825,00 501005 Travel & Meeting Expenses 0.00 0.00 0100 0.00 :- PUR - Purchased Services 502003 Contract Service 2,773.35 3,850.00 3,850.00 3,850.00 502004 Telephone 60,893.18 63,000.00 60,000.00 60,000.00 502005 Employee Relations 6,118.33 0.00 0.00 0.00 502005 -01 Employee Relations - Tenure 0.00 6,625.00 5,225.00 2,945.00 502005 -02 Employee Relations- Flu 440.00 0.00 900.00 900,00 502005 -03 Employee Relations- Miscellaneous 0.00 5,000.00 500.00 500.00 502006 -01 Building Maintenance - General 33,555.18 15,500.00 4,000.00 4,000.00 502006 -02 Building Maintenance - Snow Removal 920.00 0.00 5,000.00 5,000.00 502006 -03 Building Maintenance - Lawn Care 0.00 0.00 6,500.00 61500.00 502006 -04 Building Maintenance - Elevator 0.00 0.00 0.00 0.00 502006 -05 Building Maintenance - Sprinkler 0.00 0.00 0.00 0,00 502007 -01 Maintenance Agreements - Copier 4,772.89 81050.00 8,050.00 8,050.00 502007 -04 Maintenance Agreements - Other 0.00 594.00 594.00 8,394.00 502008 -01 Repairs - Equipment 0,00 0.00 0.00 0.00 502009 -01 Mailing - Postage 11,552.38 16,000.00 12,000.00 12,000,00 502010 Utilities 32,767.32 0.00 0.00 0.00 502010 -01 Utilities - Water & Sanitation 0.00 0.00 0.00 0,00 502010 -02 Utilities - Gas 2,885.58 0.00 0.00 0,00 502010-03 Utilities - Electric 4,129.88 0.00 0.00 0.00 502010 -04 Utilities - Trash 656.64 0.00 0.00 0,00 502010 -05 Utilities - Security 0.00 0.00 0.00 0.00 502011 -01 Town Functions - Boards and Commissions Dinner 0.00 0.00 5,000.00 5,000.00 502011 -02 Town Functions - Holiday Parry 7,519.75 0.00 5,000.00 5,000.00 502013 -01 Leased Equipment - Copier 14,971.09 17,705.00 15,530.00 15,530.00 502013 -02 Leased Equipment - Fax 0.00 0.00 0.00 0.00 502013 -03 Leased Equipment - Postage 0.00 0.00 2,172,00 2,172.00 n s � a to as d e t 85 3 8. r 8 an OM - Operating & Maintenance 503002 Dues, Memberships, Subscriptions 110.00 165.00 165.00 165.00 503003 Miscellaneous 7,397.90 7,274.00 10,406.00 11,475.00 503004 Printing 4,148.00 5,000.00 5,0D0.00 5,000.00 503005 -01 Supplies - Office 7,551.22 3,000.00 5,000.00 5,000.00 503005 -02 Supplies - Building 0.00 0.00 0.00 0.00 503005 -03 Supplies - Cleaning 0.00 0100 0.00 0.00 503005 -04 Supplies - Coffee 0.00 0.00 0.00 0.00 503005 -05 Supplies - Data Processing 0.00 0.00 0.00 0.00 503006 Equipment 0.00 0.00 0.00 0.00 503007 Building Lease Payments 679,225.00 684,825.00 0.00 0.00 10 -06 -14 TC Packet 24 u.uu u.U0 405,000.00 420,000.00 503007 -04 Building Lease Payments - COP - Interest 0.00 0.00 277,824.00 261,624.00 503007 -05 Building Lease Payments - Miscellaneous 1,000.00 0.00 1,000.00 1,000.00 503008 -01 Insurance - Building 59,719.05 65,581.00 61,889.00 68,077.00 503008-02 Insurance - Vehicle 281.32 309.00 228.00 251.00 503008 -03 Insurance - Other 0.00 0.00 0.00 0.00 503009 -01 Vehicle Expenses - Fuel 8,610.28 7,959.00 9,500.00 9,975,00 503009-02 _Vehicle Expenses - Oil _ - 6.91 0.00 400.00 _420.00 503009 -03 Vehicle Expenses - Parts & Supplies 3,500.99 6,000.00 3,900.00 3,900.00 503009 -04 Vehicle Expenses- Equipment 0.00 0.00 0.00 0.00 503009 -06 Vehicle Expenses - Labor 6,710.75 7,000.00 6,000.00 6,000.00 503010 Contra Acct - Vehicle Labor (6,710.75) (7,000.00) (6,000.00) (6,000,00) CAP - Capital 507001 -01 CashPurchases - Vehicles 0.00 0.00 25,000.00 0,00 507001 -02 Cash Purchases- Mobile Equipment 0.00 0.00 0.00 0.00 507001 -03 CashPurchases - Equipment 0.00 0.00 0.00 0.00 507001 -04 Cash Purchases - Office 0.00 0.00 0.00 0.00 507001.05 Cash Purchases - Computer 0.00 0.00 0.00 0,00 507001 -12 Cash Purchases - Furniture & Fixtures 0.00 0.00 0.00 0,00 507001 -20 Cash Purchases - Other 15,780.96 40,510.00 0.00 0.00 D $ D Program: 106 - Legislative Support PER- Personnel Services 501001 -01 Payroll - Regular 83,311.68 70,683.00 66,114.00 73,312.00 501002 -01 Payroll Overtime Regular 902.24 0.00 0.00 0,00 501003 Payroll Benefits 32,790.13 30,811.00 29,167.00 33,336.00 501003 -01 Payroll Benefits - Recreation Benefit 0.00 0.00 0.00 OZO 501003 -06 Payroll Benefits - Retirement 0.00 0.00 0.00 0.00 501003 -08 Payroll Benefits - Medicare 0.00 0.00 0.00 0.00 501003 -09 Payroll Benefits - Fica 0.00 0.00 0.00 0.00 501003 -10 Payroll Benefits - Health Insurance 0.00 0.00 0.00 0,00 501003 -11 Payroll Benefits - Seasonal Health Insurance 0.00 0.00 0.00 0.00 501003 -13 Payroll Benefits - Dental Insurance 0.00 0.00 0.00 0.00 501003 -14 Payroll Benefits - Vision Insurance 0.00 0.00 0.00 0.00 501003 -15 Payroll Benefits - Standard - Life / AD& D 0.00 0.00 0.00 0,00 501003 -16 Payroll Benefits - Cigna - Llfe /AD &D 0.00 0.00 0.00 0.00 501003 -17 Payroll Benefits - Dependant Life 0.00 0.00 0.00 0.00 501003 -18 PayrollBenefiits - LongTermDisability 0.00 0.00 0.00 0,00 501003 -19 Payroll Benefits - Unemployment Insurance 0.00 0.00 0.00 0.00 501003 -20 Payroll Benefits - Workmans Comp 0.00 0.00 0.00 0.00 501003 -21 Payroll Benefits - Taxable Life 0.00 0.00 0.00 0.00 501004 Training/ Registrations 0.00 0.00 0.00 0.00 501005 Travel & Meeting Expenses 0.00 0.00 0.00 0,00 FUR - Purchased Services 502003 Contract Service 36.80 3,400.00 3,400.00 3,400.00 502007 -04 Maintenance Agreements - Other 0.00 1,650.00 1,650.00 1,650.00 502014 Elections 0.00 2,019.00 2,100.00 819,00 502015 Document Imaging 0.00 0.00 0.00 0,00 un cs s ery ce 3 . $: D 10 -06 -14 TC Packet 25 OM - Operating & Maintenance 503001 -01 Advertising - Legal Notices 5,820.61 5,700.00 5,700.00 5,700.00 503001 -05 Advertising - Other 0.00 0.00 0.00 0.00 503003 Miscellaneous 30.15 250.00 250.00 250.00 503004 Printing 0.00 1,200.00 1,200.00 1,200.00 503005 -05 Supplies -Data Processing I WIN 11i 111111)11 111indrin'! IN 0.00 0.00 0.00 0.00 CAP - Capital 507001 -20 Cash Purchases - Other 0.00 0.00 0.00 0.00 e Program: 307 - Town Clerk PER- Personnel Services 501001 -01 Payroll - Regular 45,705.14 35,323.00 40,819.00 36,596.00 501002 -01 Payroll Overtime Regular 0.00 040 307.00 0,00 501003 Payroll Benefits 18,775.83 15,199.00 17,115.00 16,437.00 501003 -03 Payroll Benefits - Recreation Benefit 0.00 0.00 0.00 0.00 501003 -06 Payroll Benefits - Retirement 0.00 0.00 0.00 0.00 501003 -08 Payroll Benefits - Medicare 0.00 0.00 0.00 0.00 501003 -09 Payroll Benefits - Fica 0.00 0.00 0.00 0.00 501003 -10 Payroll Benefits - Health Insurance 0.00 0.00 0.00 0.00 501003 -11 Payroll Benefits - Seasonal Health Insurance 0.00 0.00 0.00 0,00 501003 -13 Payroll Benefits - Dental Insurance D.DO 0.00 0.00 0,00 501003 -14 Payroll Benefits - Vision Insurance 0.00 0.00 0.00 0,00 501003 -15 Payroll Benefits - Standard - Life / AD& D 0.00 0.00 0.00 0.00 501003 -16 Payroll Benefits - Cigna - Life /AD &D 0100 0.00 0.00 0.00 501003 -17 Payroll Benefits - Dependant Life 0.00 0.00 0.00 0.00 501003 -18 Payroll Benefits - Long Term Disability 0.00 0.00 0100 0.00 501003 -19 Payroll Benefits - Unemployment Insurance 0.00 0.00 0.00 0.00 501003 -20 Payroll Benefits - Workmans Comp 0.00 0.00 0.00 0.00 $01003 -21 Payroll Benefits - TaxableLife 0.00 0.00 0.00 0.00 501004 Training/ Registrations 864.90 2,265.00 2,265.00 2,265.00 501005 Travel & Meeting Expenses 2,931.33 3,700.00 3,700.00 3,700.00 OM - Operating & Maintenance 503D01 -05 Advertising - Other 0100 0.00 0.00 0.00 503002 Dues, Memberships, Subscriptions 295.00 2,750.00 2,750.00 2,750.00 503003 Miscellaneous 265.27 400.00 400.00 400.00 503004 Printing 0.00 0.00 0.00 0.00 503005 -05 Supplies - Data Processing 0.00 0.00 0.00 0100 DON - Donations & Grants 504001 -02 Donations -TIPPS 1,298.26 800.00 800.00 800,00 1 CAP - Capital 507001 -20 Cash Purchases - Other 0,00 0.00 0.00 0,00 BE Program: 108 - Personnel PER - Personnel Services 501001 -01 Payroll - Regular 501002 -01 Payroll Overtime Regular 10 -06 -14 TIC Packet 27 57,110.03 56,882.00 56,858.00 59,150.00 0.00 0.00 0.00 0.00 o Department: 04 - Finance Division: 00 -- Program: 103 - Administration PER - Personnel Services 501001 -01 Payroll - Regular 389,854.30 403,694.00 408,105.00 412,757.00 501002 Payroll Overtime 206.20 0.00 0.00 0,00 501002-01 Payroll Overtime Regular _ 0.00 _ -0.00 _ _ 0.00 0.GD_ 501003 Payroll Benefits 149,781.39 161,864.00 157,192.00 175,397.00 501003 -01 Payroll Benefits - Recreation Benefit 0.00 0.00 0.00 0.00 501003 -06 Payroll Benefits - Retirement 0.00 0.00 0.00 0100 501003 -08 Payroll Benefits - Medicare 0.00 0.00 0.00 0.00 501003 -09 Payroll Benefits - Fia 0.00 0.00 0.00 0.00 501003 -10 Payroll Benefits - Health Insurance 0.00 0.00 0.00 0.00 501003 -11 Payroll Benefits - Seasonal Health Insurance 0.00 0.00 0.00 0.00 501003 -13 Payroll Benefits - Dental Insurance 0.00 0.00 0.00 0.00 501003 -14 Payroll Benefits - Vision Insurance 0.00 0.00 0.00 0.00 501003 -15 Payroll Benefits - Standard - Life / AD& D 0.00 0.00 0.00 0.00 501003 -16 Payroll Benefits - Cigna - Ufe /AD &D 0.00 0100 0.00 0.00 501003 -17 Payroll Benefits - Dependant life 0.00 0.00 0100 0,00 501003 -18 Payroll Benefits - Long Term Disability 0.00 0.00 0.00 0,00 501003 -19 Payroll Benefits - Unemployment Insurance 0.00 0.00 0.00 0.00 501003 -20 Payroll Benefits - Workmans Comp 0.00 0.00 0.00 0.00 501003 -21 Payroll Benefits - Taxable Life 0.00 0.00 0.00 0.00 501004 Training/ Registrations 1,815.00 2,090.00 2,080.00 2,140.00 501005 Travel & Meeting Expenses 5,849.96 5,466.00 6,194.00 5,466.00 PUR - Purchased Services 502002 Consultant 0.00 0.00 0.00 0.00 502003 Contract Service 17,817.50 6,660.00 8,211.00 6,660.00 502008-01 Repairs - Equipment 0.00 0.00 0.00 0.00 502015 Document Imaging 0.00 7,000.00 7,000.00 7,000.00 502017 Audit 24,995.56 33,000.00 31,841.00 33,000.00 502018 -01 Collection Fees - General 41,136.16 42,000.00 42,162.00 42,000.00 OM - Operating & Maintenance 503002 Dues, Memberships, Subscriptions 1,707.37 1,290.00 1,275.00 1,290.00 503003 Miscellaneous 1,213.68 2,243.00 2,240.00 2,243,00 503004 Printing 151.83 2,135.00 1,500.00 1,500.00 503005 -01 Supplies - Office 5,280.44 1,334.00 1,978.00 1,334.00 503005.05 Supplies - Data Processing 3,358.47 4,933.00 4,730,00 4,933.00 2$.0 CAP - Capital 507001.04 CashPurchases - Office 0.00 0.00 0.00 0,00 507001 -20 Cash Purchases - Other 0.00 0.00 0.00 0.00 Program: 108 - Personnel PER - Personnel Services 501001 -01 Payroll - Regular 501002 -01 Payroll Overtime Regular 10 -06 -14 TIC Packet 27 57,110.03 56,882.00 56,858.00 59,150.00 0.00 0.00 0.00 0.00 501003 -01 Payroll Benefits - Recreation Benefit 0.00 0.00 0.00 0,00 501003-06 Payroll Benefits - Retirement 0.00 0.00 0.00 0.00 501003.08 Payroll Benefits - Medicare 0.00 0.00 0.00 0.00 501003 -D9 Payroll Benefits - Fica 0.00 0.00 0.00 0.00 501003.10 Payroll Benefits - Health Insurance 0.00 0.00 0.00 0.00 501003 -11 Payroll Benefits - Seasonal Health Insurance 0.00 0.00 0.00 0,00 501003 -13 Payroll Benefits - Dental insurance 0.00 0.00 0.00 0,00 501003.14 _Payroll Benefits - Vision Insurance - __ _ 0.00 0.00 0.00 0.00 501003 -15 Payroll Benefits - Standard - Life / AD& D 0.00 0.00 0.00 0.00 S01D03 -16 Payroll Benefits - Cigna - Ufe /AD &D 0100 0.00 0.00 0.00 501003 -17 Payroll Benefits - Dependant Life 0.00 0.00 0.00 0,00 501003 -18 Payroll Benefits - Long Term Disability 0.00 0.00 0.00 0.00 501003 -19 Payroll Benefits - Unemployment Insurance 0.00 0.00 0.00 0,00 501003 -20 Payroll Benefits - Workmans Comp 0.00 0.00 0.00 0.00 501003 -21 Payroll Benefits - Taxable Life 0.00 0.00 0.00 0.00 501004 Training/ Registrations 199.00 500.00 491.00 500.00 501WS Travel & Meeting Expenses 0.00 1,000.00 1,000.00 1,000.00 PUR - Purchased Services 502002 Consultant 156.25 850.00 850.00 850,00 OM - Operating & Maintenance 503001 -02 Advertising - Jobs 0.00 0.00 0.00 0,00 503001 -05 Advertising - Other 0.00 0.00 0.00 0,00 503002 Dues, Memberships, Subscriptions 0.00 230.00 230.00 230,00 503003 Miscellaneous 0.00 0.00 0100 0.00 503005-01 Supplies - Office 188.45 347.00 342.00 347,00 503WS -05 Supplies - Data Processing 768,38 900,00 900,00 90D.00 CAP - Capital 507001 -04 Cash Purchases- Office 0.00 0.00 0.00 0,00 507001 -20 Cash Purchases - Other 0.00 0100 0,00 0,00 B Program: 109 - Information Systems PER - Personnel Services 501001 -01 Payroll - Regular 76,250.05 79,715.00 80,760.00 81,088.00 501002 -01 Payroll Overtime Regular 107.19 0.00 0.00 0,00 501003 Payroll Benefits 22,850.53 25,662.00 24,912.00 27,485.00 501003 -01 Payroll Benefits - Recreation Benefit 0.00 0.00 0.00 0.00 501003.06 Payroll Benefits - Retirement 0.00 0.00 0.00 0,00 501003 -08 Payroll Benefits - Medicare 0.00 0.00 0.00 0.00 501003 -09 Payroll Benefits - Fica 0.00 0.00 0.00 0,00 501003 -10 Payroll Benefits - Health Insurance 0.D0 0.00 0.00 0.00 501003 -11 Payroll Benefits - Seasonal Health Insurance 0.00 0.00 0.00 0.00 501003 -13 Payroll Benefits - Dental Insurance 0.00 0.00 0.00 0.00 501003 -14 Payroll Benefits - Vision Insurance 0.00 0.00 0.00 0.00 501003 -15 Payroll Benefits - Standard - Life / AD& D 0.00 0.00 0.00 0,00 501003 -16 Payroll Benefits - Cigna - Ufe /AD &0 0.00 0.00 0.00 0.00 501003 -17 Payroll Benefits - Dependant Life 0.00 0.00 0.00 0.00 10 -06 -14 TIC Packet 28 501003 -18 501003 -19 Payroll Benefits - Long Term Disability Payroll Benefits - Unemployment Insurance u.uu 0.00 0.00 0.00 0.00 0.00 0.00 0,00 501003 -20 Payroll Benefits - Workman Comp 0.00 0.00 0.00 0,00 501003 -21 Payroll Benefits - Taxable Life 0.00 0.00 0.00 0,00 501004 Training/ Registrations 2,690.00 2,500.00 2,500.00 2,500.00 501005 Travel & Meeting Expenses 0.00 1,000.00 1,000.00 1,000.00 PUR - Purchased Services 502003 Contract Service 4,893.00 5,000.00 5,000.00 6,000.00 502004 Telephone 800.59 1,200.00 1,200.00 1,200.00 502007 -02 Maintenance Agreements - Software 73,189,63 87,000.00 64,840.00 64,840.00 502007 -03 Maintenance Agreements - Hardware 634.03 0.00 22,160.00 12,600.00 502008-01 Repairs - Equipment 3,043.95 3,500.00 3,500.00 4,000.00 502019 Software Licensing 14,614.75 20,000.00 20,000.00 15,000.00 OM - Operating & Maintenance 503001.05 Advertising - Other 0.00 0.00 0.00 0.00 503002 Dues, Memberships, Subscriptions 99.95 500.00 500.00 500.00 503003 Miscellaneous 176.20 300.00 300.00 300.00 503005 -06 Supplies - Computer 1,152.87 1,200.00 1,200.00 1,200.00 CAP - Capital 507001 -04 Cash Purchases - Office 0.00 0.00 0.00 0.00 507001 -05 Cash Purchases - Computer 37,768.25 44,000.00 0,00 0,00 507001 -20 Cash Purchases - Other 0.00 0.00 40,147.00 41,000,00 Department: 05 - Community Development Division: 00 - - Program: 110- Zoning/Long Range Planning PER - Personnel Services 501001 -01 Payroll - Regular 229,235.73 288,221.00 274,287.00 312,652.00 501002 Payroll Overtime 3,372.30 900.00 0.00 0,00 501002 -01 Payroll Overtime Regular 0.00 0.00 0.00 0,00 501003 Payroll Benefits 105,882.58 142,071.00 118,051.00 154,424.00 501003 -01 Payroll Benefits - Recreation Benefit 0.00 0.00 0.00 0.00 501003 -06 Payroll Benefits - Retirement 0.00 0.00 040 0.00 501003.08 Payroll Benefits - Medicare 0.00 0.00 0.00 0.00 501003 -09 Payroll Benefits - Fica 0.00 0.00 0,00 0,00 501003 -30 Payroll Benefits - Health Insurance 0.00 0.00 0.00 0,00 501003 -11 Payroll Benefits - Seasonal Health Insurance 0.00 0.00 0.00 0.00 501003 -13 Payroll Benefits- Dental insurance 0.00 0.00 0100 0.00 501003 -14 Payroll Benefits - Vision Insurance 0.00 0.00 0.00 0.00 501003 -15 Payroll Benefits - Standard - Life / AD& D 0.00 0.00 0.00 0,00 501003 -16 Payroll Benefits - Cigna - Ufe /AD &D 0.00 0.00 0.00 0100 501003 -17 Payroll Benefits - Dependant Life 0.00 0.00 0100 0.00 501003 -18 Payroll Benefits - Long Term Disability 0.00 0.00 0.00 0,00 501003 -19 Payroll Benefits - Unemployment Insurance 0.00 0.00 0.00 0,00 10 -06 -14 TIC Packet 29 501003 -20 Payroll Benefits - Workmans Comp 0.00 0.00 0.00 0,00 501003 -21 Payroll Benefits - Taxable Life 0.00 0.00 0.00 0,00 501004 Training/ Registrations 535.00 3,700.00 1,500.00 3,404.00 501005 Travel & Meeting Expenses 2,158.51 3,700.00 3,000.00 3,700,00 FUR - Purchased Services 502002 Consultant 0.00 0.00 9,000.00 0,00 502003 Contract Service 0.00 0.00 0.00 0.00 502004 Telephone 0.00 0.00 750.00 1,100.00. 502007 -01 Maintenance Agreements - Copier 4,589.37 5,650.00 5,650.00 1,570.00 502008 -01 Repairs - Equipment 0.00 0.00 0.00 0.00 502009.02 Mailing- Freight & Shipping 10.20 0.00 0.00 0.00 502013 -01 Leased Equipment - Copier 6,982.31 7,104.00 4,486.00 4,486.00 502013 -04 Leased Equipment- Plotter 0.00 0100 4,080.00 4,080.00 502015 Documentlmaging 0.00 0.00 0.00 0.00 502016 Reference Library 0.00 400.00 200.00 200,00 otal 4 ; OM - Operating & Maintenance 503001 -02 Advertising - Jobs 661.00 0.00 0.00 0.00 503001 -05 Advertising - Other 0100 0.00 0.00 0.00 503002 Dues, Memberships, Subscriptions 470.00 2,987.00 2,987.00 2,787,00 503003 Miscellaneous 398.44 1,350.00 3,OD0.00 1,210.00 503004 Printing 0.00 100.00 100.00 40.00 503005 -01 Supplies - Office 663.31 800.00 800.00 600.00 503005.05 Supplies - Data Processing 0.00 0.00 0.00 0,00 503011 -03 Board Expenses - Planning Commisson 0.00 475.00 400.00 475.00 CAP-Capital 507001 -04 Cash Purchases - Office 0.00 0.00 0.00 0.00 507001.20 Cash Purchases - Other 0.00 0100 0.00 0.00 Program: 111 - Building PER - Personnel Services 501001 -01 Payroll - Regular 187,726.80 194,332.00 202,620.00 194,720.00 501002 -01 Payroll Overtime Regular 440.40 1,000.00 2,636.00 2,000.00 501003 Payroll Benefits 51,090.00 56,373.00 53,221.00 59,824.00 501003 -01 Payroll Benefits - Recreation Benefit 0.00 0.00 0.00 0.00 501003 -06 Payroll Benefits - Retirement 0.00 0.00 0.00 0.00 501003 -08 Payroll Benefits - Medicare 0.00 0.00 0.00 0.00 501003 -09 Payroll Benefits - Fica 0.00 0.00 0.00 0.00 501003 -30 Payroll Benefits - Health Insurance 0.00 0.00 0.00 0.00 501003 -11 Payroll Benefits - Seasonal Health Insurance 0.00 0.00 0.00 0.00 501003 -13 Payroll Benefits - Dental Insurance 0100 0.00 0.00 0.00 501003 -14 Payroll Benefits - Vision Insurance 0.00 0.00 0.00 0.00 501003 -15 Payroll Benefits - Standard - Life / AD& D 0.00 0.00 0.00 0,00 501003 -16 Payroll Benefits - Cigna - Life /AD &D 0.00 0.00 0.00 0,00 501003 -17 Payroll Benefits - Dependant Life 0.00 0.00 0.00 0.00 501003 -18 Payroll Benefits - Long Term Disability 0.00 0.00 0.00 0.00 501003 -19 Payroll Benefits - Unemployment Insurance 0.00 0.00 0.00 0,00 501003 -20 Payroll Benefits - Workmans Comp 0.00 0.00 0.00 0.00 501003 -21 Payroll Benefits - Taxable Life 0.00 0.00 0.00 0.00 501004 Training/ Registrations 276.25 1,000.00 1,000.00 1,239.00 10 -06 -14 TIC Packet 30 PUR - Purchased Services 502003 Contract Service 4,940.30 4,000.00 2,000.00 3,000.00 502003-03 Contract Service - Fire Department 0.00 0.00 0.00 0.00 502004 Telephone 0.00 0.00 0.00 0,00 502008 -02 Repairs - Vehicles 0.00 250.00 250.00 250.00 502008 -03 Repairs - Radios 0.00 0.00 0.00 0.00 _- 502016 - -Reference Library __ 1,946.30 500.00- _ - 350.00 - 500:00 OM - Operating & Maintenance 503002 Dues, Memberships, Subscriptions 1,056.61 1,000.00 500.00 1,000.00 503D03 Miscellaneous 0.00 0100 0.00 0.00 503004 Printing 964.08 1,000.00 500.00 500.00 503005 -01 Supplies - Office 504.38 1,500.00 1,000.00 1,500.00 503005 -09 Supplies - Tools 62.98 0.00 0.00 0,00 503008 -02 Insurance - Vehicle 75.24 182.00 55.00 61.00 503009-01 Vehicle Expenses - Fuel 741.00 1,006.00 838.00 880.00 503009 -02 Vehicle Expenses -Oil 035 0.00 50.00 53.00 503D09 -03 Vehicle Expenses - Parts & Supplies 43.15 250.00 325.00 325.00 503009.06 Vehicle Expenses - Labor 467.50 510.00 800.00 800.00 503010 Contra Acct - Vehicle Labor (467.50) (510.00) (800.00) (800,00) 3 CAP - Capital 507001 -01 Cash Purchases -Vehicles 0.00 0.00 0.00 0,00 507001 -04 Cash Purchases - Office 0.00 0.00 0.00 0.00 507001 -20 Cash Purchases - Other 0.00 0.00 0.00 0.00 o , Department: 06 - Public Safety Division: 00 - - Program: 303 - Administration PER - Personnel Services 501001 -01 Payroll - Regular 194,808.20 222,602.00 228,256.00 230,172.00 501002 -01 Payroll Overtime Regular 2,943.82 2,500.00 2,500.00 2,500.00 501003 Payroll Benefits 77,267.71 116,891.00 105,325.00 131,263.00 501003 -01 Payroll Benefits - Recreation Benefit 0.00 0.00 0.00 0.00 501003 -02 Payroll Benefits - Police Recreation Center 0.00 0.00 0.00 0,00 501003 -05 Payroll Benefits - Police Incentive 0.00 0.00 0.00 0.00 501003 -06 Payroll Benefits - Retirement 0.00 0.00 0.00 0.00 501003 -07 Payroll Benefits - Police Retirement 0.00 0.00 0.00 0.00 501003 -08 Payroll Benefits - Medicare 0.00 0.00 0.00 0.00 501003 -09 Payroll Benefits - Fica 0.00 0.00 0.00 0.00 501003 -10 Payroll Benefits - Health Insurance 0.00 0.00 0.00 0,00 501003 -11 Payroll Benefits - Seasonal Health Insurance 0.00 0.00 0.00 0.00 501003 -12 Payroll Benefits - Health Reimbursement 0.00 0.00 0.00 0,00 501003 -13 Payroll Benefits - Dental Insurance 0100 0.00 0.00 0.00 501003 -14 Payroll Benefits - Vision Insurance 0.00 0.00 0.00 0.00 10 -06 -14 TIC Packet 31 501003 -16 Payroll Benefits - Cigna - Ufe /AD&D 0.00 0.00 0.00 0.00 501003 -17 Payroll Benefits - Dependant life 0.00 0100 0.00 0.00 501003 -18 Payroll Benefits - Long Term Disability 0.00 0.00 0.00 0.00 501003 -19 Payroll Benefits- Unemployment Insurance 0.00 0.00 0.00 0.00 501003 -20 Payroll Benefits - Workmans Comp 0.00 0.00 0.00 0.00 501003 -21 Payroll Benefits - Taxable Life 0.00 0.00 0.00 0.00 501004 Training/ Registrations _ __ 0.00 _ 200.00 375.00 500.00 501005 Travel & Meeting Expenses 700.09 800.00 800.00 1,000.00 PUR - Purchased Services 502004 Telephone 8,524.78 9,500.00 9,500.00 9,500,00 502007 -01 Maintenance Agreements - Copier 1,732.27 1,700.00 650.00 600,00 502008 -01 Repairs - Equipment 0.00 25.00 25.00 25,00 502009 -02 Mailing - Freight & Shipping 220.16 300.00 300.00 300.00 502013 -01 Leased Equipment- Copier 0.00 0.00 1,200.00 1,200.00 502015 Document Imaging 0.00 0.00 0.00 0.00 502020 Communication Services 111,046.00 125,000.00 125,000.00 125,000.00 502021 Professional Services 6,004.00 6,000.00 6,000.00 6,000.00 OM - Operating & Maintenance 503001 -02 Advertising -Jobs 0.00 0.00 0.00 0.00 503001 -05 Advertising - Other 312.42 200.00 200.00 200.00 503002 Dues, Memberships, Subscriptions 450.00 700.00 700.00 700.00 503003 Miscellaneous 365.37 1,500.00 1,500.00 1,500.00 503004 Printing 338.75 600.00 600.00 600.00 503005.01 Supplies - Office 1,004.22 1,000.00 1,000.00 1,000.00 503005.05 Supplies - Data Processing 0.00 250.00 250.00 250.00 503008 -03 Insurance -Other 6,236.00 6,880.00 5,761.00 6,337.00 503013 Uniforms 0.00 0.00 0.00 200.00 CAP -Capital 507001 -04 Cash Purchases - Office 0.00 0.00 0.00 0.00 507001 -05 Cash Purchases - Computer 0.00 0.00 0.00 0,00 507001 -12 Cash Purchases - Furniture & Fixtures 0.00 0.00 0.00 0.00 507001 -20 Cash Purchases - Other O.DO 0.00 0.00 0.00 a ONNIEFAINN Program: 112 - Patrol PER - Personnel Services 501001 -01 Payroll - Regular 521,223.40 540,036.00 517,799.00 523,378.00 501002 -01 Payroll Overtime Regular 76,437.16 82,000.00 89,000.00 82,000.00 501003 Payroll Benefits 250,028.65 277,210.00 265,067.00 295,302.00 501003 -01 Payroll Benefits - Recreation Benefit 1,200.00 0.00 0.00 0.00 501003 -02 Payroll Benefits - Police Recreation Center 0.00 0.00 0.00 0.00 501003 -05 Payroll Benefits - Police Incentive 0.00 0.00 0.00 0,00 501003 -06 Payroll Benefits - Retirement 0.00 0.00 0.00 0.00 501003 -07 Payroll Benefits - Police Retirement 0.00 0.00 0.00 0,00 501003 -08 Payroll Benefits - Medicare 0.00 0.00 0.00 0.00 501003 -09 Payroll Benefits - Fica 0.00 0.00 0.00 0,00 501003 -10 Payroll Benefits- Health Insurance 0.00 0.00 0.00 0.00 501003 -11 Payroll Benefits - Seasonal Health Insurance 0.00 0.00 0.00 0.00 10 -06 -14 TC Packet 32 501003 -13 Payroll Benefits - Dental Insurance 0.00 0.00 0.00 0.00 501003 -14 Payroll Benefits - Vision Insurance O.OD 0.00 0,00 0.00 501003 -15 Payroll Benefits - Standard - Life / AD& D 0.00 0.00 0.00 0.00 501003 -16 Payroll Benefits - Cigna - life /AD &D 0.00 0.00 0.00 0.00 501003 -17 Payroll Benefits - Dependant Life 0.00 0.00 0.00 0,00 501003 -18 Payroll Benefits - Long Term Disability 0.00 0,00 0.00 0.00 - 501003 -19 Payroll Benefits— Unemployment Insurance 0.00 0.00 0.00 0.00 501003 -20 Payroll Benefits - Workmans Comp 0.00 0.00 0.00 0,00 501003 -21 Payroll Benefits - Taxable Life 0.00 0.00 0100 0.00 501004 Training/ Registrations 1,395.00 2,000.00 5,800.00 2,000.00 501005 Travel & Meeting Expenses 3,704.74 3,000.00 3,000,00 3,000.00 e PUR - Purchased Services 502003 Contract Service 5,065.00 5,065.00 0.00 0.00 502003 -07 Contract Service - Roaring Fork Regional 0.00 0.00 5,590.00 5,590.00 502008 -01 Repairs - Equipment 332.00 200.00 200.00 200.00 502008 -02 Repairs - Vehicles 0.00 1,500.00 1,500.00 1,500.00 502008 -03 Repairs - Radios 87.99 500.00 500.00 500.00 502021 Professional Services 510.50 2,500.00 2,500.00 2,500.00 502022 Lab Work 608.84 500.00 r 500.00 500.00 OM - Operating & Maintenance 503005 -07 Supplies - Crime /Animal Education 75.00 200.00 200.00 200,00 503005.08 Supplies - Lab 944.36 500.00 500.00 500.00 503006 Equipment 0.00 0.00 2,000.00 2,000.00 503008 -02 Insurance - Vehicle 936.60 1,054.00 798.00 877,00 503009 -01 Vehicle Expenses - Fuel 17,371.77 25,895.00 19,784.00 20,773.00 503009 -02 Vehicle Expenses - Oil 52.02 0.00 900.00 945.00 503009 -03 Vehicle Expenses - Parts & Supplies 7,908.59 6,000.00 6,000.00 6,000.00 503009.04 Vehicle Expenses - Equipment 2,010.09 3,000.00 3,000.00 3,000.00 503009 -06 Vehicle Expenses - Labor 25,372.50 15,000.00 8,000.00 8,000.00 503010 Contra Acct - Vehicle Labor (25,372.50) (15,000.00) (8,000.00) (8,000.00) 503013 Uniforms 2,178.14 4,000.00 5,000.00 9,500.00 CAP - Capital 507001.01 Cash Purchases -Vehicles 0.00 0.00 0.00 0,00 507001 -02 Cash Purchases - Mobile Equipment 0.00 0.00 0.00 0,00 507001 -03 Cash Purchases - Equipment 0.00 0.00 15,100,00 3,600.00 507001 -04 Cash Purchases - Office 0.DO 0.00 0.00 0.00 507001 -05 Cash Purchases - Computer 0.00 0.00 0.00 0.00 507001 -12 Cash Purchases - Furniture & Fixtures 0.00 0.00 0.00 16,300.00 507001 -20 Cash Purchases - Other 19,587.56 40,200.00 20,000.00 8,700,00 Program: 113 - Code Enforcement PER - Personnel Services 501001 -01 Payroll - Regular 127,903.74 133,541.00 132,843.00 138,955.00 501002 -01 Payroll Overtime Regular 7,157.19 7,000.00 7,000.00 7,000.00 501003 Payroll Benefits 68,348.30 69,328.00 66,777.00 75,171.00 501003 -01 Payroll Benefits - Recreation Benefit 0.00 0.00 0.00 0,00 10 -06 -14 TC Packet 33 501003 -02 oenenrs - ronce necreanon i.enter 01003 -06 Payroll Benefits - Retirement 0.00 0.00 0.00 0.00 501003 -08 Payroll Benefits - Medicare 0.00 0.00 0.00 0.00 501003 -09 Payroll Benefits - Fica 0.00 0.00 0.00 0,00 501003 -10 Payroll Benefits- Health Insurance 0.00 0.00 0.00 0.00 501003 -11 Payroll Benefits - Seasonal Health Insurance 0.00 0.00 0.00 0.00 501003 -12 Payroll Benefits - Health Reimbursement 0.00 0.00 0.00 0.00 501003 -13 Payroll Benefits- Dental insurance 0.00 0.00 0.00 0.00 01003 -14 Payroll Benefits - Vision Insurance 0.00 0.00 0.00 0.00 501003 -15 Payroll Benefits - Standard - Life / AD& D 0.00 0.00 0.00 0.00 501003 -16 Payroll Benefits - Cigna - Ufe /AD &D 0.00 0.00 0.00 0,00 501003 -17 Payroll Benefits - Dependant Life 0.00 0.00 0.00 0,00 501003 -18 Payroll Benefits - Long Term Disability 0.00 0.00 0.00 0.00 501003 -19 Payroll Benefits - Unemployment Insurance 0.00 0.00 0.00 0,00 501003 -20 Payroll Benefits - Workmans Comp 0.00 0.00 0.00 0.00 501003 -21 Payroll Benefits - Taxable Life 0.00 0.00 0.00 0.00 501004 Training/ Registrations 35.00 00.00 500.00 700.00 501005 Travel & Meeting Expenses 618.26 550.00 550.00 650,00 4 6 4o ne rd 2 , PUR- Purchased Services 502003 Contract Service 0.00 0.00 0.00 0,00 502008 -01 Repairs - Equipment 0.00 300.00 300.00 300,00 502008 -02 Repairs - Vehicles 0.00 50.00 50.00 50.00 502008 -03 Repairs - Radios 0.00 100.00 100.00 100.00 502010 -03 Utilities - Electric 517.97 0.00 450.00 40.00 502021 Professional Services 945.00 1,00.00 1,500.00 1,500.00 OM - Operating & Maintenance 503004 Printing 863.38 300.00 300.00 300,00 503005 -07 Supplies - Crime /Animal Education 35.33 200.00 200.00 450.00 503005 -09 Supplies - Tools 283.62 100.00 100.00 100.00 03005 -10 Supplies - Animal Shelter 188.69 470.00 470.00 470.00 03005 -28 Supplies - Parking 0.00 0.00 0.00 0.00 03008-02 Insurance - Vehicle 159.72 176.00 125.00 138.00 503009 -01 Vehicle Expenses - Fuel 3,671.61 5,808.00 3,997.00 4,197.00 503009 -02 Vehicle Expenses - Oil 1.24 0.00 250.00 263.00 03009-03 Vehicle Expenses - Parts & Supplies 2,417.75 1,700.00 2,452.00 2,452.00 503009 -04 Vehicle Expenses - Equipment 1,185.75 500.00 500.00 500.00 503009 -06 Vehicle Expenses - Labor 7,480.00 6,100.00 2,500.00 2,500.00 503010 Contra Acct - Vehicle Labor (7,480.00) (6,100.00 ) (2' ) (2'500.00) 503013 Uniforms 1,001.71 450.004 0.00 550.00 03014 License Tags 76.07 70.00 70.00 70.00 a e r O 0 ai an CAP - Capital 507001 -01 Cash Purchases - Vehicles 0.00 0.00 0.00 0.00 507001 -02 Cash Purchases - Mobile Equipment 0.00 0.00 0.00 0.00 507001 -03 Cash Purchases - Equipment 0.00 0.00 0.00 0.00 507001 -20 Cash Purchases - Other 0.00 0.00 0.00 0,00 c Program: 114 - Court 10 -06 -14 TC Packet 34 501001 -01 Payroll - Regular 0.00 0.00 0.00 0.00 501002 -01 Payroll Overtime Regular 0.00 0.00 0.00 0.00 501003 Payroll Benefits 0.00 0.00 0.00 0,00 501004 Training/ Registrations 100.00 50.00 50.00 50.00 501005 Travel & Meeting Expenses 280.61 200.00 200.00 200,00 PUR - Purchased Services - Contract Service - - - -- -12,173:60 15,000.00 _15,000.00 15,000.00 OM - Operating & Maintenance 503002 Dues, Memberships, Subscriptions 20.0D 100.00 100.00 100.00 503003 Miscellaneous 0.00 35.00 35,00 35.00 503004 Printing 0.00 70.00 70.00 70.00 503005 -01 Supplies - Office 0.00 100.00 100.00 100.00 503005.05 Supplies - Data Processing 0.00 100.00 100.00 100,00 CAP - Capital 507001 -20 Cash Purchases - Other 0.00 0.00 0.00 0,00 Department: 07 -Transportation Division: 00 - - Program: 103 - Administration PER - Personnel Services 501001 -01 Payroll - Regular 140,708.89 150,932.00 143,967.00 149,611.00 501002 -01 Payroll Overtime Regular 1,162.78 1,000.00 1,000.00 1,000.00 501003 Payroll Benefits 51,136.28 61,775.00 57,967.00 78,776.00 501003 -01 Payroll Benefits - Recreation Benefit 0.00 0.00 0.00 0,00 501003 -D6 Payroll Benefits - Retirement 0.00 0.00 0.00 0,00 501003.08 Payroll Benefits - Medicare 0.00 0.00 0.00 0.00 501003 -09 Payroll Benefits - Fica 0.00 0.00 0.00 0.00 501003 -30 Payroll Benefits - Health Insurance 0.00 0.00 0.00 0.00 501003 -11 Payroll Benefits - Seasonal Health insurance 0.00 0.00 0.00 0.00 501003 -12 Payroll Benefits - Health Reimbursement 0.00 0.00 0.00 0,00 501003 -13 Payroll Benefits - Dental Insurance 0.00 0.00 0.00 0,00 501003 -14 Payroll Benefits - Vision Insurance 0.00 0.00 0100 0.00 501003 -15 Payroll Benefits - Standard - Life / AD& D 0.DO 0.00 0.00 0.00 501003 -16 Payroll Benefits - Cigna - Llfe /AD &D 0.00 0.00 0.00 0.00 501003 -17 Payroll Benefits - Dependant Life 0.00 0.00 0.00 0.00 501003 -18 Payroll Benefits - Long Term Disability 0100 0.00 O.DO 0100 501003 -19 Payroll Benefits - Unemployment Insurance 0.00 0.00 O.00 0.00 501003 -20 Payroll Benefits - Workmans Comp 0.DO 0.00 0.00 0.00 501003 -21 Payroll Benefits - Taxable Life 0.00 0.00 0100 0,00 501004 Training/ Registrations 250.00 750.00 260.00 760,00 501005 Travel & Meeting Expenses 1,002.07 1,460.00 1,606.00 2,106.00 10 -06 -14 TIC Packet 35 502003 Contract Service 2,231.65 2,340.00 0.00 0.00 502004 Telephone 420.00 455.00 420.00 420.00 502007 -01 Maintenance Agreements - Copier 0.00 0.00 456.00 480.00 502008 -01 Repairs - Equipment 0.00 0.00 0.00 0.00 502009 -02 Mailing- Freight & Shipping 274.88 312.00 150.00 150.00 502010 Utilities 897.21 1,312.00 0.00 0.00 502010 -01 Utilities - Water & Sanitation 0.00 0.00 0.00 0.00 502010 -02 Utilities - Gas 0.00 0.00 0.00 0.00 502010 -03 _ _ Utilities - Electric 198.73 0.00 1,049.00 1,102.00 502010 -04 Utilities - Trash 0.00 0.00 0.00 0.00 502010 -05 Utilities - Security 0.00 0.00 0.00 0.00 502013 -01 Leased Equipment- Copier 0.00 0.00 1,800.00 1,800.00 502021 Professional Services 7,252.60 9,569.00 10,745.00 9,345.00 OM - Operating & Maintenance 503002 Dues, Memberships, Subscriptions 2,269.29 2,371.00 4,941.00 5,163.00 503003 Miscellaneous 7.48 200.00 100.00 100.00 503005 -01 Supplies - Office 1,238.72 1,605.00 1,340.00 1,290.00 503005 -04 Supplies - Coffee 1,626.35 1,697.00 1,697.00 1,748.00 503005 -05 Supplies - Data Processing 0.00 0.00 0.00 0,00 503006 Equipment 0.00 116.00 66.00 66.00 503007 -01 Building Lease Payments - Rent 28,137.72 36,282.00 22,436.00 23,221,00 503007 -02 Building Lease Payments - CAMS 0.00 0.00 8,296.00 8,297,00 503007 -05 Building Lease Payments - Miscellaneous 0.00 0.00 1,000.00 1,000.00 503013 Uniforms 0.00 0.00 0.00 0,00 503015 Furniture 0.00 350.00 320.00 350.00 CAP - Capital 507001 -01 CashPurchases - Vehicles 0.00 0.00 0.00 0.00 507001 -02 Cash Purchases- Mobile Equipment 0.00 0.00 0100 0,00 507001 -03 Cash Purchases - Equipment 0.00 0.00 0.00 0,00 507001 -04 Cash Purchases - Office 0.00 0.00 0.00 0,00 507001 -05 CashPurchases - Computer 0.00 0.00 0.00 0,00 507001 -12 Cash Purchases - Furniture & Fixtures 0.00 0.00 0.00 0,00 507001 -20 Cash Purchases - Other 0.00 0.00 0.00 0.00 �a Y NINNEENME e 8 Program: 115 - Bus Program PER - Personnel Services 501001 -01 Payroll - Regular 1,239,795.21 1,314,173.00 1,321,802.00 1,368,941.00 501001 -03 Payroll - Specials /Billed 20,181.68 19,567.00 23,656.00 24,612.00 501001 -04 Payroll - Speclals /Donated 3,264.46 3,717.00 5,682.00 5,912.00 501002 -01 Payroll Overtime Regular 68,015.93 61,976.00 61,976.00 76,644.00 501002 -02 Payroll Overtime- Specials Donated 0.00 1,200.00 1,200.00 0,00 501002 -03 Payroll Overtime - Specials 319.00 6,500.00 6,500.00 0.00 501003 Payroll Benefits 618,902.35 646,154.00 667,047.00 715,201.00 501003 -01 Payroll Benefits - Recreation Benefit 0.00 0.00 0.00 0.00 501003 -06 Payroll Benefits - Retirement 0.00 0.00 0.00 0,00 501003 -08 Payroll Benefits - Medicare 0.00 0.00 0.00 0.00 501003-09 Payroll Benefits - Fica 0.00 0.00 0.00 0.00 501003 -10 Payroll Benefits - Health Insurance 0.00 0.00 0.00 0.00 501003 -11 Payroll Benefits - Seasonal Health Insurance 0.00 0.00 0.00 0.00 501003 -12 Payroll Benefits - Health Reimbursement 10 -06 -14 TC Packet 36 0.00 0.00 0.00 0.00 501003 -14 Payroll Benefits - Vision Insurance 501003 -15 Payroll Benefits - Standard - Life / AD& D 501003 -16 Payroll Benefits - Cigna - Life /AD &D 501003 -17 Payroll Benefits - Dependant Life 501003 -18 Payroll Benefits - Long Term Disability 501003 -19 Payroll Benefits- Unemployment Insurance 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0,00 0.00 0.00 501003-20 Payroll Benefits - Workmans Comp 0.00 _ 0.00 0.00 0.00 501003 -21 Payroll Benefits - TaxableLife 0.00 0.00 0.00 0,00 501004 Training/ Registrations 255.00 1,100.00 950.00 950,00 501005 Travel & Meeting Expenses 2,082.31 4,250.00 4,250.00 4,250.00 501006 RFTA Bus Pass Employee 7,670.00 8,850.00 8,850.00 8,850.00 c >� ffi o pa i 0& , PUR - Purchased Services 502003 Contract Service 65,621.15 68,260.00 760.00 760,00 502003 -08 Contract Service- Transportation 0100 0.00 67,500.00 67,500.00 502006 -03 Building Maintenance - General 18,243.98 16,500.00 16,500.00 16,500.00 502008 -03 Repairs - Equipment 0.00 0.00 0.00 3,00 502008 -02 Repairs - Vehicles 6,220.20 19,000.00 19,000.00 19,000.00 502008 -03 Repairs - Radios 5,021.89 3,500.00 3,500.00 3,500.00 502009 -02 Mailing - Freight & Shipping 0.00 0.00 0.00 0.00 502010 Utilities 2,862,85 4,696.00 0.00 0.00 502010 -01 Utilities - Water & Sanitation 0.00 0.00 2,480.00 2,604.00 502010 -02 Utilities - Gas 383.88 0.00 1,350.00 1,418.00 502010.03 Utilities - Electric 334.42 0.00 360.00 378,00 502010 -04 Utilities - Trash 0.00 0.00 146.00 146.00 502010 -05 Utilities - Security 0.00 0.00 360.00 360.00 502021 Professional Services 8,728.39 9,835.00 12,614.00 12,614.00 G of P� e A 2 7 S OM - Operating & Maintenance 503001 -02 Advertising - Jobs 0.00 0.00 1,170.00 1,200.00 503001 -05 Advertising - Other 2,574.03 3,470.00 2,300.00 2,720.00 503002 Dues, Memberships, Subscriptions 0.00 0.00 0.00 0,00 503003 Miscellaneous 2,479.16 2,375.00 3,225.00 3,525.00 503004 Printing 5,148.97 8,215.00 8,550.00 8,550.00 503005 -01 Supplies - Office 0.00 0.00 0100 0.00 503005 -03 Supplies - Cleaning 0.00 50.D0 50.00 50.00 503005 -12 Supplies - Landscaping 0.00 0.00 0.00 0,00 503006 Equipment 45.54 1,024.00 2,704.00 2,704.00 503008 -02 Insurance - Vehicle 26,295.12 27,716.00 27,716.00 27,716.00 503009 -01 Vehicle Expenses - Fuel 251,844.23 304,655.00 270,805.00 284,345.00 503009 -02 Vehicle Expenses - Oil 1,084.93 0.00 12,000.00 12,600.00 503009 -03 Vehicle Expenses - Parts & Supplies 62,068.21 86,068.00 105,720.00 105,720.00 503009-04 Vehicle Expenses - Equipment 1,784.97 2,713.00 1,613.00 7,713.00 503009 -05 Vehicle Expenses - Repairs Labor 13,506.50 0.00 0.00 0.00 503009 -06 Vehicle Expenses - Labor 134,402.00 149,865.00 150,000.00 150,000.00 503010 Contra Acct - Vehicle Labor (147,908.50) (149,865.00) (150,000.00) (150,000.00) 503013 Uniforms 5,231.95 5,200.00 7,200.00 5,200.00 503016 Signs 3,313.23 6,67540 7,675.00 6,675.00 a o s a Colt , Q i'a tt anoe $ 4 5 0 Bt CAP - Capital 507001 -01 Cash Purchases - Vehicles 0.00 0.00 0.00 0,00 507001 -02 Cash Purchases - Mobile Equipment 0.00 1,500.00 1,350.00 7,850.00 507001 -03 Cash Purchases - Equipment 0.00 0.00 0.00 0.00 507001 -04 Cash Purchases- Office 0.00 0.00 0.00 0.00 507001.05 Cash Purchases - Computer 0.00 0.00 0.00 0,00 10 -06 -14 TIC Packet 37 S07001-12 as Purchases - Fumiture & Fixtures 0.00 0.00 OAD 0.00 507001 -20 Cash Purchases -Other 0.00 0.00 0.00 0.00 I Program: 116 - Parking Program 0.00 0.00 0.00 PER- Personnel Services 501003 -21 Payroll Benefits - TaxableLife 0.00 0.00 501001 -01 Payroll - Regular 29,410.98 34,819.00 33,799.00 501002 -01 Payroll Overtime Regular 0.00 1,200.00 11200.00 501003 Payroll Benefits 12,062.43 14,431.00 12,898.00 501003 -01 Payroll Benefits - Recreation Benefit 0.00 0.00 0.00 501003 -06 Payroll Benefits - Retirement 0.00 0.00 0.00 501003 -08 Payroll Benefits - Medicare 0.00 0.00 0.00 501003 -09 Payroll Benefits - Fica 0.00 0.00 0.00 501003 -10 Payroll Benefits - Health Insurance 0.00 0.00 0.00 501003 -11 Payroll Benefits - Seasonal Health Insurance 0.00 0.00 0.00 501003 -12 Payroll Benefits - Health Reimbursement 0.00 0.00 0.00 501003 -13 Payroll Benefits - Dental Insurance 0.00 0.00 0.00 501003 -14 Payroll Benefits- Vision Insurance 0.00 0.00 0.00 501003 -15 Payroll Benefits -Standard - Life / AD& D 0.00 0.00 0.00 501003 -16 Payroll Benefits - Cigna - Ufe /AD &D 0.00 0.00 0.00 501003 -17 Payroll Benefits - Dependant Life 0.00 0.00 0.00 501003 -18 Payroll Benefits - Long Term Disability 0.00 0.00 0.00 501003 -19 Payroll Benefits - Unemployment Insurance 0.00 0.00 0.00 35,490.00 1.200.00 _ 18,631.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 501003 -20 Payroll Benefits - Workman Comp 0.00 0.00 0.00 0.00 501003 -21 Payroll Benefits - TaxableLife 0.00 0.00 0.00 0.00 WNNNEWNNNN5 PUR - Purchased Services 502003 Contract Service 0.00 0.00 0.00 0,00 502009 -02 Mailing- Freight & Shipping 0.00 0.00 0.00 0.00 502021 Professional Services O.DO 0.00 0.00 0,00 fs 6 OM - Operating & Maintenance 503001.05 Advertising - Other 0100 300.00 300.00 11000,00 503003 Miscellaneous 0.00 200.00 200.00 200.00 503005 -01 Supplies - Office 0.00 0.00 0.00 0,00 503005 -28 Supplies - Parking 7,935.44 9,455.00 9,455.00 9,455.00 503013 Uniforms 0.00 0.00 0.00 0.00 503015 Fumiture 0.00 0.00 0.00 0,00 503016 Signs 0100 0.00 0.00 300.00 CAP - Capital 507001 -20 Cash Purchases - Other 0.00 0,00 0.00 0.00 G INEINNEMN Program: 117 - Parcel C PER - Personnel Services 501001 -01 Payroll - Regular 60,603.60 64,312.00 69,308.00 72,352.00 501002 -01 Payroll Overtime Regular 2,311.42 2,500.00 2,500.00 21500.00 501003 Payroll Benefits 28,117.74 35,548.00 34,433.00 37,666.00 501003 -01 Payroll Benefits - Recreation Benefit 0.00 0.00 0.00 0.00 10 -06 -14 TIC Packet 38 501003-08 Payroll Benefits - Medicare 0.00 0.00 0.00 0.00 501003 -09 Payroll Benefits - Fica 0.00 0.00 0.00 0,00 501003 -10 Payroll Benefits - Health Insurance 0.00 0.00 0.00 0,00 501003 -11 Payroll Benefits- Seasonal Health Insurance 0.00 0.00 0.00 0.00 501003 -12 Payroll Benefits - Health Reimbursement 0.00 0.00 0.00 0.00 501003 -13 Payroll Benefits - Dental insurance 0.00 0.00 0.00 0.00 501003-14 - Payroll Benefits - Vision Insurance _ __ 0.00 0.00 0.00 0.00 501003 -15 Payroll Benefits - Standard - Life / AD& 0 0.00 0.00 0.00 0,00 501003 -16 Payroll Benefits - Cigna - Life /AD &D 0.00 0.00 0.00 0,00 503003.17 Payroll Benefits - Dependant Life 0.00 0.00 0.00 0.00 501003.18 Payroll Benefits - Long Term Disability 0.00 0.01) 0.00 0.00 501003 -19 Payroll Benefits- Unemployment Insurance 0.00 0.00 0,00 0.00 501003 -20 Payroll Benefits - Workmans Comp 0.00 0.00 0.00 0,00 501003 -21 Payroll Benefits - Taxable Life 0.00 0.00 0.00 0,00 1 PUR - Purchased Services 502003 Contract Service 8,485.89 10,958.00 10,9513.00 101995.00 502006-01 Building Maintenance - General 4,889.08 3,250.00 3,250.00 3,250.00 502008 -01 Repairs - Equipment 956.81 655.00 655.00 655.00 502009 -02 Mailing - Freight & Shipping 108.38 150.00 150,00 150,00 502010 Utilities 53,803.37 58,953.00 0.00 0,00 502010-01 Utilities - Water & Sanitation 1,344.76 0.00 6,028.00 6,329,00 502010-02 Utilities - Gas 0.00 0.00 48,738.00 51,175.00 502010 -03 Utilities - Electric 1,036.33 0.00 3,724.00 3,910.00 502010 -04 Utilities -Trash 0.00 0.00 0.00 0,00 502010-05 Utilities - Security 0.00 0.00 0.00 0,00 ara a OM - Operating & Maintenance 503003 Miscellaneous 203.03 200.00 200.00 200,00 503005 -02 Supplies - Building 5,299.71 6,390.00 6,390.00 6,390.00 503005.03 Supplies - Cleaning 7,323.26 8,130.00 8,130.00 8,130.00 503005 -D9 Supplies - Tools 506.65 500.00 500.00 500.OD 503005 -12 Supplies - Landscaping 347.00 400.00 400.00 400,00 503006 Equipment 4,781.67 1,300.00 1,300.00 1,300.00 503007 -02 Building Lease Payments - CAMS 2,019.72 2,121.00 2,121.00 2,227.D0 503008 -03 Insurance- Other 7,192.35 7,552.00 7,192.00 7,552.00 503013 Uniforms 952.00 600.00 600.00 600,00 503016 Signs 35.75 150.00 150.00 150,00 CAP - Capital 507001 -20 Cash Purchases - Other 0.00 0.00 0.00 0,00 a affimmulaw Department: 08 - Parks & Recreation Division: 00 - - Program: 129 - Parks & Trails PER- Personnel Services 10 -06 -14 TIC Packet 39 SUluvl_ul rayron- Kegmar 501001 -02 Payroll - Seasonal 501002 -01 Payroll Overtime Regular 501003 Payroll Benefits 501003 -01 Payroll Benefits - Recreation Benefit 501003 -06 Payroll Benefits - Retirement 501003 -08 Payroll Benefits - Medicare 501003.09 Payroll Benefits - Fica 501003 -10 Payroll Benefits - Health Insurance - - 501003-11- - -- -- Payroll Benefits - Seasonal Health insurance 501003 -12 Payroll Benefits - Health Reimbursement 501003 -13 Payroll Benefits- Dental Insurance 501003 -14 Payroll Benefits - Vislon Insurance 501003 -15 Payroll Benefits - Standard - Life / AD& D 501003 -16 Payroll Benefits - Cigna - Life /AD &D 501003 -17 Payroll Benefits - Dependant Life 501003 -18 Payroll Benefits- Long Term Disability 501003 -19 Payroll Benefits - Unemployment Insurance 905.24 0.00 76,420.00 105,259.95 150,519.00 66,318.00 2,482.18 2,500.00 2,500,00 45,433.32 72,159.00 60,194.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0,00 0.00 0.00 0.00 0.00 0.00 _ 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 62,778.00 91,643.00 2,500.00 73,250.00 0.00 0.00 0.00 0.00 0.00 0.00- 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.D0 0.00 0.00 0,00 0.00 0,00 0.00 0.00 501003 -20 Payroll Benefits - WorkmansComp 0.00 0.00 0.00 0,00 501003 -21 Payroll Benefits - Taxable Life 0.00 0.00 0.00 0,00 501004 Training/ Registrations 749.50 1,554.00 734.00 2,685.00 501005 Travel & Meeting Expenses 0.00 0,00 730.00 730,00 B E ge 2 MENERIM PUR - Purchased Services 502003 Contract Service 144,945.30 93,000.00 125,000.00 155,000.00 502004 Telephone 1,387.41 1,020.00 1,620.00 1,620.00 502008 -02 Repairs- Vehicles 0.00 208.00 208.00 208.00 502009-02 Mailing- Freight & Shipping 0.00 0.00 0.00 0,00 502010 Utilities 35,655.64 17,500.00 0.00 0,00 502010-01 Utilities - Water & Sanitation 0.00 0100 12,000.00 12,000.00 502010 -02 Utilities - Gas 0.00 0.00 O.OD 0.00 502010 -03 Utilities - Electric 412.86 0.00 5,500.00 5,500.00 502010 -04 Utilities - Trash 0.00 0.00 0.00 0100 502010 -05 Utilities - Security 0.00 0.00 0.00 0.00 502013 Leased Equipment 0.00 0.00 0100 0.00 502024 Weed Control 0100 10,000.00 10,000.00 20,000.00 OM - Operating & Maintenance 503001 -02 Advertising - Jobs 0.00 0.00 0.00 0.00 503001 -05 Advertising - Other 1,027.50 0.00 0.00 0.00 503002 Dues, Memberships, Subscriptions 0.00 0.00 0.00 0.00 503003 Miscellaneous 45.00 0.00 0.00 0.00 503004 Printing 3,645.50 5,000.00 5,000.00 5,000.00 503005 -01 Supplies - office 0.00 129.00 0.00 0,06 503005 -02 Supplies - Building 0.00 0.06 0.00 0.00 503005 -09 Supplies - Tools 4,128.89 1,500.00 3,000.00 3,000.00 503005 -12 Supplies - Landscaping 7,158.98 5,000.00 10,000.00 10,000.00 503005 -31 Supplies - Ice Rink 5,088.93 0.00 3,600.00 0.00 503008 -02 Insurance - Vehicle 99.72 110.00 114.00 114.00 503009 -01 Vehicle Expenses - Fuel 1,934.33 1,233.00 7,095.00 7,450.00 503009 -02 Vehicle Expenses - Oil 3.72 0.00 400.00 420.00 503009.03 Vehicle Expenses - Parts & Supplies 3,168.27 6,000.00 6,000.00 6,000.00 503009 -04 Vehicle Expenses - Equipment 0.00 0.00 0.00 0.00 503009 -06 Vehicle Expenses - Labor 10,072.50 14,000.00 10,000.00 10,000.00 503010 Contra Acct - Vehicle Labor (10,072.50) (14,000.00) (10,000.00) (10,000.00) 10 -06 -14 TC Packet 40 CAP - Capital PER - Personnel Services 507001 -01 CashPurchases - Vehicles 0.00 0.00 0.00 29,995.00 507001 -02 Cash Purchases - Mobile Equipment 5,378.25 0.00 27,022.00 14,785.00 507001 -03 Cash Purchases- Equipment 0.00 0.00 0.00 0.00 507001.06 Cash Purchases- Land Improvements 2,066.91 10,000.00 10,ODO.DD 10,000.00 507001 -20 Cash Purchases - Other 7,728.76 35,600.00 33,960.00 92,115.00 Program: 131- Recreation Program PER - Personnel Services 501001 -01 Payroll - Regular 68,410.78 75,856.00 48,990.00 51,640.00 501001 -02 Payroll - Seasonal 0.00 0.00 22,110.00 30,593.00 501002 -01 Payroll Overtime Regular 1,944.12 1,200.00 1,200.00 1,200.00 501003 Payroll Benefits 22,886.40 29,809.00 29,122.00 32,257.00 501003-01 Payroll Benefits - Recreation Benefit 0.00 0.00 0.00 0.00 501003 -06 Payroll Benefits - Retirement 0.00 0.00 0.00 0.00 501003 -08 Payroll Benefits - Medicare 0.00 0.00 0.00 0.00 501003.09 Payroll Benefits - Fica 0.00 0.00 0.00 0.00 501003 -30 Payroll Benefits - Health Insurance 0.00 0.00 0.00 0.00 501003.11 Payroll Benefits - Seasonal Health Insurance 0.00 0.00 0.00 0.00 501003 -12 Payroll Benefits - Health Reimbursement 0.00 0.00 0.00 0.00 501003 -13 Payroll Benefits - Dental Insurance 0.00 0.00 0.00 0.00 501003 -14 Payroll Benefits - Vision Insurance 0.00 0.00 0.00 0.00 501003 -15 Payroll Benefits - Standard - Life/ AD& D 0.00 0.00 0.00 0.00 501003 -16 Payroll Benefits - Cigna - Ufe /AD &D 0.00 0.00 0.00 0.00 501003 -17 Payroll Benefits - Dependant Life 0.00 0.00 0.00 0.00 501003 -18 Payroll Benefits - Long Term Disability 0.00 0.00 0.00 0.00 501003 -19 Payroll Benefits - Unemployment Insurance 0.00 0.00 0.00 0.00 501003 -20 Payroll Benefits - Workman Comp 0.00 0.00 0.00 0,00 501003 -21 Payroll Benefits - Taxable Life 0.00 0.00 0.00 0.00 501004 Training/ Registrations 0.00 0.00 585.00 585.00 501005 Travel & Meeting Expenses 450.00 500.00 730.00 250.00 6 10 y36 r�j37 PUR - Purchased Services 502002 Consultant 0.00 0.00 0.00 0,00 502003 Contract Service 150.00 2,500.00 2,500.00 2,500.00 502008 -01 Repairs - Equipment 0.00 0.00 0.00 0.00 502013 Leased Equipment 0.00 309.00 0.00 0.00 502027 Contract Labor 22,504.06 15,000.00 20,000.00 20,000.00 89 10 -06 -14 TC Packet 41 OM - Operating & Maintenance 503001 -02 Advertising - Jobs 64.99 0.00 0.00 0,00 503001 -05 Advertising - Other 2,969.00 7,725.00 7,725.00 7,725,00 503003 Miscellaneous 16,50 515.00 515.00 515,00 503005 -02 Supplies - Building 4,236.06 5,000.00 5,000.00 51000.00 503005 -12 Supplies - Landscaping 467.35 515.00 515.00 515.00 503005 -15 Supplies -Youth Programs 4,594.77 5,750.00 5,750.00 5,750.00 503005 -16 Supplies - Adult Programs 1,467.52 2,500.00 2,500.00 2,500.00 _ 503005- 17- - - - - -- Supplies- Special Events - -- 0.00 4,500.00 2;500:00 21500:00 503006 Equipment 158.63 2,150.00 2,150,00 2,150.00 0 5 CAP - Capital 507001 -20 Cash Purchases - Other 0.00 0.00 0.00 0,00 f , 9 Program: 132 - Recreation Center PER - Personnel Services 501001 -01 Payroll - Regular 344,570.38 361,122.00 352,369.00 354,297.00 501001 -02 Payroll - Seasonal 0,00 0.00 0.00 0.00 501002 -01 Payroll Overtime Regular 637.63 1,500.00 1,500.00 i,5D0.00 501003 Payroll Benefits 167,901.89 193,465.00 193,468.00 231,657.00 501003 -01 Payroll Benefits - Recreation Benefit 0.00 0.00 0.00 0.00 501003 -06 Payroll Benefits - Retirement 0.00 0.00 0.00 0.00 501003 -08 Payroll Benefits - Medicare 0.00 0.00 0.00 0.00 501003 -09 Payroll Benefits - Fica 0.00 0.00 0.00 0.00 501003 -30 Payroll Benefits - Health Insurance 0.00 0.00 0.00 0.00 501003 -11 Payroll Benefits - Seasonal Health Insurance 0.00 0.00 0.00 0.00 501003 -12 Payroll Benefits - Health Reimbursement 0.00 0.00 0.00 0.00 501003 -13 Payroll Benefits - Dental Insurance 0.00 0.00 0.00 0,00 501003 -14 Payroll Benefits - Vision Insurance 0.00 0.00 0.00 0.00 501003 -15 Payroll Benefits - Standard - Life / AD& D 0.00 0.00 0.00 0.00 501003 -16 Payroll Benefits - Cigna - Life /AD &O 0.00 0.00 0,00 0,00 501003 -17 Payroll Benefits - Dependant Life 0.00 0.00 0.00 0,00 501003 -18 Payroll Benefits - Long Term Disability 0.00 0.00 0.00 0,00 501003 -19 Payroll Benefits - Unemployment Insurance 0.00 0.00 0.G0 0,00 501003 -20 Payroll Benefits - Workmans Comp 0.00 0.00 0.00 0,00 501003 -21 Payroll Benefits - Taxable Life 0.00 0.00 0.00 0,00 501004 Training/ Registrations 2,488.48 2,060.00 2,060,00 2,060.00 501005 Travel & Meeting Expenses 111.03 1,000,00 2,190.00 2,190.00 ct:a C 6 a PUR - Purchased Services 502002 Consultant 0.00 0.00 0.00 0,00 502002 -02 Consultant- Engineering 0.00 0.00 0.00 0.00 502003 Contract Service 30,323.00 30,000.00 27,000.00 27,000.00 502004 Telephone 3,607.47 2,100.00 2,100.00 2,100.00 502007 -01 Maintenance Agreements - Copier 0.00 0.00 1,278.00 1,278.00 502008 -01 Repairs - Equipment 0.00 3,100.00 3,100.00 3,100.00 502008 -02 Repairs - Vehicles 0.00 0.00 0.00 0.00 502009 -02 Mailing- Freight & Shipping 64.18 550.00 550.00 550.00 502010 Utilities 70,251.92 0.00 1,000.00 11000.00 502010-01 Utilities - Water & Sanitation 0.00 0.00 0,00 0.00 502010 -02 Utilities - Gas 1,613.92 0.00 0.00 0.00 10 -06 -14 TIC Packet 42 502010-03 Utilities - Electric 4,833,89 0.00 0.00 0.00 502010-04 Utilities - Trash 0.00 0.00 0.00 0.00 502010 -05 Utilities - Security 0.00 1,000.00 0.00 0.00 502013 Leased Equipment 0.00 0.00 0.00 0.00 502013 -01 Leased Equipment- Copier 0.00 0.00 1,722.00 1,722.00 502027 Contract Labor 72,681.94 60,000.00 60,000.00 60,000,00 502028 Bank/Trustee Fees 13,443.26 13,700.00 13,700.00 13,700.00 Supplies - Building a 8,100.00 8,100.00 8,100.00 503005 -03 _ OM - Operating &Maintenance 503001 -02 Advertising -Jobs 0.00 9,500.00 9,500.00 91500.00 503001 -05 Advertising - Other 3,209.14 0.00 0,00 0,00 503002 Dues, Memberships, Subscriptions 0.00 0.00 0.00 0,00 503003 Miscellaneous 906.86 0.00 0.00 0,00 503004 Printing 1,032.85 3,100.00 3,100.00 3,100.00 503005 -01 Supplies - Office 1,394.80 3,000.00 3,000.00 3,000,00 503005 -02 Supplies - Building 3,501.98 8,100.00 8,100.00 8,100.00 503005 -03 Supplies - Cleaning 0.00 825.00 2,500.00 2,500.00 503005 -09 Supplies - Tools 0.00 2,100.00 2,100.00 2,100.00 503005 -15 Supplies - Youth Programs 779.08 1,500.00 11500.00 1,500.00 503005 -16 Supplies -Adult Programs 272.45 1,000.00 1,000.00 1,000.00 503005 -17 Supplies - Special Events 259.80 1,000.00 1,000.00 1,000,00 503005 -18 Supplies - Pool 28,194.03 41,300.00 41,300.00 33,615.00 503005 -19 Supplies - Fitness Center 9,144.25 25,000.00 25,000.00 25,000.00 503005 -20 Supplies - Concession 16,558.50 10,600.00 10,600.00 10,600.00 503008 -01 Insurance - Building 11,904.49 13,096.00 12,312.00 13,543.00 503008 -02 Insurance - Vehicle 45.84 51.00 34.00 37,00 503009 -01 Vehicle Expenses - Fuel 600.90 520.00 632.00 664,00 503009 -02 Vehicle Expenses -011 0.06 0.00 42.00 44.00 503009 -03 Vehicle Expenses - Parts & Supplies 28.21 100.00 750.00 225,00 503009 -04 Vehicle Expenses - Equipment 0.00 0100 0.00 0.00 503009-06 Vehicle Expenses - Labor 807.50 450.00 90D,00 900,00 503010 Contra Acct - Vehicle Labor (807.50) (450.00) (900.00 (900.00) 503013 Uniforms 1,896.83 2,500.00 2,500.00 2,500,00 CAP - Capital 507001 -01 Cash Purchases - Vehicles 0.00 0100 0.00 0,00 507001 -02 Cash Purchases - Mobile Equipment 0.00 0.00 0.00 0.00 507001 -03 Cash Purchases - Equipment 0.00 0.00 0.00 0.00 507001 -06 Cash Purchases - Land Improvements 0.00 0.00 0.00 0,00 507001.20 Cash Purchases - Other 48,143.00 17,000.00 17,000.00 14,075.00 Department: 09 - Public Works Division: 00 - - Program: 103 - Administration PER - Personnel Services 501001 -01 Payroll - Regular 194,353.47 160,923.00 163,538.00 169,622.00 501002 -01 Payroll Overtime Regular 98.10 0.00 0.00 0.00 501003 Payroll Benefits 34,898.58 64,607.00 83,152.00 96,642.00 501003 -01 Payroll Benefits - Recreation Benefit 0.00 0.00 0.00 0,00 501003 -06 Payroll Benefits - Retirement 0.00 0.00 0.00 0,00 501003 -08 Payroll Benefits - Medicare 0.00 0.00 0.00 0,00 501003 -09 Payroll Benefits - Fica 0.00 0.00 0.00 0.00 10 -06 -14 TIC Packet 43 S01003-11 Payroll Benefits - Seasonal Health Insurance 0.00 0.00 0.00 0,00 501003 -12 Payroll Benefits - Health Reimbursement 0.00 0.00 0.00 0.00 501003 -13 Payroll Benefits - Dental Insurance 0.00 0.00 0.00 0.00 501003 -14 Payroll Benefits - Vision Insurance 0.00 0.00 0.00 0.00 501003 -15 Payroll Benefits - Standard - Life / AD& D 0.00 0.00 0.00 0,00 501003 -16 _ Payroll Benefits - Cigna - Life /AD &D 0:00 0.00 - 0.00 0.00 501003 -17 Payroll Benefits - Dependant Life 0.00 0.00 0.00 0.00 501003 -18 Payroll Benefits - Long Term Disability 0.00 0.00 0.00 0.00 501003 -19 Payroll Benefits - Unemployment Insurance 0.00 0.00 0.00 0.00 501003 -20 Payroll Benefits - Workmans Comp 0.00 0.00 0.00 0,00 501003 -21 PayrollBenefits - TaxableLife 0.00 0.00 0.00 0.00 501004 Training/ Registrations 110.00 350.00 350.00 350.00 501005 Travel & Meeting Expenses 1,925.90 350.00 350.00 350.00 PUR - Purchased Services 502002 Consultant 0.00 0.00 0.00 0,00 502002 -02 Consultant - Engineering 0.00 0.00 O.DO 0,00 502003 Contract Service 8,713.80 6,500.00 3,560.00 3,200.00 502004 Telephone 296.33 300.00 390.00 540.00 502007 -01 Maintenance Agreements - Copier 0.00 0.00 918.00 918,00 502008 -01 Repairs - Equipment 0.00 350.00 350.00 350.00 502008.02 Repairs - Vehicles 0100 200.00 200.00 200.00 502013 -01 Leased Equipment- Copier 0.00 0.00 2,022.00 2,022.00 ME OM - Operating & Maintenance 503001 -02 Advertising -Jobs 0.00 0.00 4,900.00 500.00 503001 -05 Advertising - Other 3,032.19 2,500.00 1,000.00 2,0M.00 503002 Dues, Memberships, Subscriptions 0.00 94.00 0.00 150.00 503003 Miscellaneous 5,799.80 0.00 0.00 0.00 503005 -01 Supplies - Office 1,279.29 1,000.00 1,000.00 11000.00 503005.02 Supplies - Building 0.00 0.00 0.00 0.00 503005.03 Supplies - Cleaning 0.00 0.00 0.00 0.00 503008.02 Insurance - Vehicle 40.56 45.00 27.00 30.00 503009 -01 Vehicle Expenses - Fuel 577.24 1,116.00 546.00 573.00 503009.02 Vehicle Expenses - OII 13.19 0.00 73.00 77.00 503009 -03 Vehicle Expenses - Parts & Supplies 649.71 800.00 750.00 750.00 503009 -04 Vehicle Expenses - Equipment 0.00 150.00 0.00 0.00 503009 -06 Vehicle Expenses - Labor 1,317.50 1,000.00 1,320.00 1,320.00 503010 Contra Acct - Vehicle Labor (1,317.50) (1,000.00) (1,320.00) (1,320.00) CAP - Capital 507001 -01 Cash Purchases - Vehicles 0.00 0.00 0.00 0,00 507001 -04 Cash Purchases- Office 0.00 0.00 0.00 0,00 507001.05 Cash Purchases - Computer 0.00 0.00 0.00 2,500.00 507001 -20 Cash Purchases- Other 0.00 0.00 NIMMISIMINKNINME 0.00 O,OO Division: O1- Facility Management Program: 118 - Maintenance 10 -06 -14 TIC Packet 44 501001 -01 Payroll - Regular 176,664.35 SO1D01 -09 Payroll - Facility Management 0.00 501002 -01 Payroll Overtime Regular 3,293.81 501003 Payroll Benefits 78,387,28 501003 -01 Payroll Benefits - Recreation Benefit 0.00 501003 -06 Payroll Benefits - Retirement 0.00 501003 -08 Payroll Benefits - Medicare 0.00 501003 -09 Payroll Benefits - Fica 0.00 501003 -10 - Payroll Benefits - Health Insurance 0.00 501003 -11 Payroll Benefits - Seasonal Health Insurance 0.00 501003 -12 Payroll Benefits - Health Reimbursement 0,00 501003 -13 Payroll Benefits- Dental Insurance oko 501003 -14 PayrollBenefits - VisionInsurance 0.00 501003 -15 Payroll Benefits - Standard - Life / AD& D 0.00 501003 -16 Payroll Benefits - Cigna - Life /AD &D 0.00 501003 -17 Payroll Benefits - Dependant Life 0,00 501003 -18 Payroll Benefits - Long Term Disability 0.00 501003 -19 Payroll Benefits - Unemployment Insurance 0.00 229,370.00 233,956.00 0.00 0.00 7,500.00 7,500.00 98,222.00 106,969.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 _ 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 240,101.00 0.00 7,500.00 132,472.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5010D3 -20 Payroll Benefits - Workmans Comp 0.00 0.00 0.00 0.00 501003 -21 Payroll Benefits - Taxable Life 0.00 0.00 0.00 0.00 501004 Training/ Registrations 2,970.80 3,000.00 3,000.00 6,500.00 501005 Travel & Meeting Expenses 0.00 0.00 O.DO 5,000.00 42 PUR - Purchased Services 502002 -02 Consultant - Engineering 0.00 0.00 0.00 0.00 502003 Contract Service 36,358.24 45,900.00 45,900.00 45,900.00 502003 -01 Contract Service - Snowmelt Road 0.00 10,000.00 10,000.00 10,000.00 502004 Telephone 1,236.49 2,250.00 2,250.00 2,250.00 502006 -01 Building Maintenance- General 3,003.85 91,629.00 91,629.00 91,629.00 502008 -01 Repairs - Equipment 0.00 2,218.00 2,218.00 2,218.00 502008 -02 Repairs - Vehicles 0.00 0.00 0.00 0.00 502010 Utilities 0.00 0.00 0.00 0.00 502010 -03 Utilities - Water &Sanitation 0.00 35,744.00 40,208.00 42,218.00 502010 -02 Utilities - Gas 0.00 327,215.00 334,530.00 323,263.00 502010 -03 Utilities - Electric 0.00 97,131.00 138,010.00 135,057.00 502010.04 Utilities - Trash 0.00 6,360.00 6,100.00 6,355.00 502010 -05 Utilities - Security 0.00 0.00 0.00 0.00 502010-06 Utilities - Snowmelt 0.00 1,300.00 1,300.00 1,300.00 502023 Snowmelt Road Receivable 0.00 (60,500.00) (60,500.00) (76,000,00) OM - Operating & Maintenance 503001 -02 Advertising - Jobs 1,065.79 0.00 0.00 0,00 503001 -05 Advertising -Other 0.00 0.00 0.00 0.00 503002 Dues, Memberships, Subscriptions 0.00 0.00 0.00 0.00 503003 Miscellaneous 482.48 197.00 197.00 175.00 503005 -01 Supplies - Office 151.76 0.00 1,000.00 150.00 503005 -02 Supplies - Building 1,614.96 2,120.00 2,120.00 2,120.00 503005 -03 Supplies - Cleaning 13,313.08 13,150.00 13,150.00 13,150.00 503005 -09 Supplies - Tools 1,915.95 1,900.00 1,900.00 2,500.00 503005 -13 Supplies - Car Wash 0.00 0.00 0.00 0.00 503008 -02 Insurance - Vehicle 295.48 331.00 331.00 331.00 503009 -01 Vehicle Expenses - Fuel 3,429.98 4,916.00 3,715.00 3,901.00 503009 -02 Vehicle Expenses - Oil 0.85 0.00 150.00 158.00 503009 -03 Vehicle Expenses - Parts & Supplies 2,342.04 2,000.00 2,600.00 2,600.00 10 -06 -14 TIC Packet 45 503009 -04 Vehicle Expenses - Equipment 43.29 200.00 200.00 200,00 503009 -06 Vehicle Expenses - Labor 4,398.75 3,400.00 3,400.00 3,400.00 503010 Contra Acct - Vehicle labor (4,398.75) (3,400.00) (3,400.00) (3,400.00) 503013 Uniforms 1,957.37 2,050.00 2,050.00 2,050.00 CAP - Capital 507001 -01 Cash Purchases - Vehicles 0.00 0.00 0.00 0,00 507001 -02 Cash Purchases - Mobile Equipment 0.00 0.00 0.00 0,00 _ 507001 -03 CashPurchases - Equipment __ 0.00 _ 0.00 _0.00 0.00 507001 -04 Cash Purchases - Office 0.00 0.00 0.00 0,00 507001 -05 Cash Purchases - Computer 0.00 0.00 0.00 0,00 507001 -07 Cash Purchases - Buildings 0.00 0.00 0.00 0,00 507001 -12 Cash Purchases - Furniture & Fixtures 0.00 0.00 0.00 0,00 507001 -20 Cash Purchases - Other 0.00 0.00 0.00 0,00 Division: 02 - Road Program: 119 - Street Marking/Signs PER - Personnel Services 501001 -01 Payroll - Regular 43,247.24 19,885.00 30,518.00 20,179.00 501002 -01 Payroll Overtime Regular 3,490.68 1,000.D0 1,200.00 1,500.00 501D03 Payroll Benefits 21,602.06 13,716.00 20,827.00 14,447,00 501003 -01 Payroll Benefits - Recreation Benefit 0.00 0.00 0.00 0.00 501003 -06 Payroll Benefits - Retirement 0.00 0.00 0100 0.00 501003 -08 Payroll Benefits- Medicare 0.00 0.00 0.00 0.00 501003 -09 Payroll Benefits - Fica 0.00 0.00 0.00 0.00 501003 -10 Payroll Benefits - Health Insurance 0.00 0.00 0.00 0.00 501003 -11 Payroll Benefits - Seasonal Health Insurance 0.00 0.00 0.00 0.00 501003 -12 Payroll Benefits - Health Reimbursement 0.00 0.00 0.00 0.00 501003 -13 Payroll Benefits- Dental Insurance 0.00 0.00 0.00 0,00 501003 -14 Payroll Benefits -Vision Insurance 0.00 0.00 0.00 0.00 501003 -15 Payroll Benefits - Standard - Life / AD& D 0.00 0.00 0.00 0,00 501003 -16 Payroll Benefits - Cigna - Life /AD &D 0.00 0.00 0.00 0.00 501003 -17 Payroll Benefits - Dependant Life 0.00 0.00 0.00 0,00 501003 -18 Payroll Benefits - Long Term Disability 0.00 0.00 0.00 0.00 501003 -19 Payroll Beneflts - Unemployment Insurance 0.00 0100 0.00 0,00 501003 -20 Payroll Benefits - Workman Comp 0,0D 0.00 0.00 0.00 501003 -21 Payroll Benefits - TaxableLife 0.00 0.00 0.00 0100 g Raffisome PUR - Purchased Services 502003 Contract Service 33,127.29 35,000.00 35,000.00 35,000.00 5020D9 -02 Mailing - Freight &Shipping 0,00 0.00 0.00 0,00 ti OM - Operating & Maintenance 503003 Miscellaneous 105.37 600.00 600.00 600,00 503DOS -02 Supplies - Building 6,544.25 5,500.00 5,500.00 5,500.00 503005 -09 Supplies - Tools 1,087.96 1,300.00 1,300.00 1,300.00 503016-01 Signs - New 9,950.01 5,200.00 5,200.00 5,200.00 503016 -02 Sign- Replacement 2,061.85 6,500.00 6,500.00 6,500.00 s C} a 00 0.0 9 3 10 -06 -14 TC Packet 46 CAP - Capital 507001 -20 Cash Purchases - Other 0.00 0.00 0.00 0,00 t Program: 120 - Snow Removal PER - Personnel Services 501001.01 _ Payroll- Regular 102,086.69 147,146.00 - 147,341.00 149,326.00 501002 -01 Payroll Overtime Regular 19,882.02 18,000.00 35,000.00 23,000.00 501003 Payroll Benefits 77,508.66 101,498.00 92,347.00 106,909.00 501003 -01 Payroll Benefits - Recreation Benefit 0.00 0.00 0.00 0,00 501003 -06 Payroll Benefits - Retirement 0.00 0.00 0.00 0.00 501003 -08 Payroll Benefits - Medicare 0.00 0.00 0.00 0,00 501003.09 Payroll Benefits - Fica 0.00 0.00 0.00 0,00 501003 -10 Payroll Benefits - Health Insurance 0.D0 0,00 0.00 0,00 501003 -11 Payroll Benefits - Seasonal Health Insurance 0.00 0.00 0.00 0,00 501003 -12 Payroll Benefits - Health Reimbursement 0.00 0.00 0.00 0.00 501003 -13 Payroll Benefits - Dental Insurance 0.00 0.00 0.00 0,00 501003 -14 Payroll Benefits - Vision Insurance 0.00 0.00 0.00 0.00 501003 -15 Payroll Benefits - Standard - Life /AD &D 0.00 0.00 0.00 0.00 501003 -16 Payroll Benefits - Cigna - Ufe /AD &D 0.00 0.00 0.00 0,00 501003 -17 Payroll Benefits - Dependant Life 0.00 0.00 0.00 0,00 501003 -18 Payroll Benefits - Long Term Disability 0.00 0.00 0.00 0.00 501003 -19 Payroll Benefits- Unemployment Insurance 0.00 0.00 0.00 0.00 501003 -20 Payroll Benefits- Workmans Comp 0.00 0.00 0.00 0.00 501003 -21 Payroll Benefits - Taxable Life 0.00 0.00 0.00 0,00 501004 Training/ Registrations 675.00 2,000.00 2,000.00 2,000.00 501005 Travel & Meeting Expenses 3,991.62 4,500.00 4,500.00 4,500.00 PUR - Purchased Services 502003 Contract Service 9,133.57 38,540.00 28,000.00 28,000,00 502003 -01 Contract Service - Snowmelt Road 4,762.49 0.00 0.00 0.00 502009 -02 Mailing - Freight & Shipping 0,00 0.00 0.00 0.00 502010-06 Utilities - Snowmelt 226,864.89 0.00 0.00 0,00 502023 Snowmelt Road Receivable (57,888.88) 0.00 0.00 0.00 0 00 OM - Operating & Maintenance 503003 Miscellaneous 1,04033 425.00 425.00 425.00 503005-01 Supplies - Office 308.03 100.00 100.00 100.00 503005 -09 Supplies -Tools 3,433.93 625.00 625.00 625.00 503007 -02 Building Lease Payments - CAMS 0.00 0.00 0.00 0.00 503013 Uniforms 5,302.78 4,150.00 4,150.00 4,150.00 503017 Sanding Material 26,517.40 35,950.00 30,000.00 31,000.00 503018 Safety First Aid 7,385.21 4,300.00 4,300.00 4,300.00 8 , j CAP - Capital 507001.20 Cash Purchases - Other 0.00 0100 0.00 0,00 Program: 121 - Vehicle /Equipment Maintenance 10 -06 -14 TC Packet 47 501001 -03 Payroll - Regular 57,082.28 43,746.00 50,262.00 44,394.00 501002 -01 Payroll Overtime Regular 678.91 1,500.00 1,750.00 2,200.00 501003 Payroll Benefits 38,321.81 30,175.00 35,300.00 31,784.00 501003 -01 Payroll Benefits - Recreation Benefit 0.00 0.00 0.00 0.00 501003 -06 Payroll Benefits - Retirement 0.00 0.00 0.00 0.00 501003 -08 Payroll Benefits - Medicare 0.00 0.00 0.00 0,00 501003 -09 Payroll Benefits - Fica 0.00 0.00 0.00 0.00 501003 -10 Payroll Benefits - Health Insurance 0.00 0.00 0.00 0.00 - 501003 -11- -- Payroll Benefits- Seasonal Health Insurance - 0.00 - 0.00 0.00 0.00 501003 -12 Payroll Benefits - Health Reimbursement 0.00 0.00 0.00 0,00 501003 -13 Payroll Benefits - Dental insurance 0.00 0.00 0.00 0.00 501003 -14 Payroll Benefits -Vision Insurance 0.00 0.00 0.00 0.00 501003 -15 Payroll Benefits - Standard - Life / AD& D 0.00 0.00 0.00 0.00 501003 -16 Payroll Benefits - Cigna - Ufe /AD &D 0.00 0.00 0.00 0.00 501003 -17 Payroll Benefits - Dependant Life 0.00 0.00 0.00 0.00 501003 -18 Payroll Benefits - Long Term Disability 0.00 0.00 0.00 0.00 501003 -19 Payroll Benefits - Unemployment Insurance 0.00 0.00 0.00 0.00 501003 -20 Payroll Benefits - Workmans Comp 0100 0.00 0.00 0.00 501003 -21 Payroll Benefits - Taxable Life 0.00 0.00 0.00 0.00 501004 Training/ Registrations 0.00 0.00 0.00 0.00 501005 Travel & Meeting Expenses 0.00 0.00 0.00 0.00 ffiffiffimmammmmr PUR - Purchased Services 502008 -01 Repairs - Equipment 29.73 625.00 625.00 625,00 502008 -02 Repairs - Vehicles 1,650.00 2,500.00 2,500.00 2,500.00 502008.03 Repairs - Radios 230.44 900.00 900.00 900,00 502009 -02 Mailing - Freight & Shipping 0,00 500,00 500.00 500,00 OM - Operating & Maintenance 503003 Miscellaneous 253.83 800.00 800.00 800.00 503005 -03 Supplies - Cleaning 0.00 0.00 0.00 0.00 503005 -09 Supplies - Tools 366.16 575.00 575.00 575.00 503008 -02 Insurance - Vehicle 5,671.92 6,31850 8,455.00 9,301.00 503009 -01 Vehicle Expenses - Fuel 63,474.20 65,859.00 65,352.00 68,620.00 503009 -02 Vehicle Expenses - Oil 628.77 O.DO 4,912.00 5,158.00 503009.03 Vehicle Expenses - Parts & Supplies 21,916.13 40,000.00 29,037.00 29,037.00 503009 -04 Vehicle Expenses - Equipment 35,587.10 28,000.00 28,000.00 28,000,00 503009-06 Vehicle Expenses - Labor 47,251.50 54,000.00 65,253.00 53,25300 503010 Contra Acct - Vehicle Labor (47,251.50) (54,000.00) (65,253.00) (53,253,00) 503019 Radios 1,155.73 0.00 0.00 0,00 CAP - Capital 507001 -01 Cash Purchases - Vehicles 0.00 0.00 0.00 0,00 507001 -02 Cash Purchases - Mobile Equipment 0.00 2,850.00 2,850.00 2,850.00 507001 -03 Cash Purchases - Equipment 0.00 0.00 0.00 0,00 507001 -20 Cash Purchases - Other 10,422.32 245,734.00 219,846.00 11,075.00 Program: 122 - Street Maintenance PER - Personnel Services 501001 -03 Payroll - Regular 163,035.12 167,030.00 146,677.00 169,505.00 10 -06 -14 TC Packet 48 501002 -01 Payroll Overtime Regular 38,168.40 20,500.00 16,700.00 21,0007 501003 Payroll Benefits 94,431.55 115,214.00 93,950.00 121,356.00 501003 -01 Payroll Benefits - Recreation Benefit 0.00 0.00 0.00 0.00 501003 -06 Payroll Benefits - Retirement 0.00 0.00 0.00 0.00 501003 -08 Payroll Benefits - Medicare 0.00 0.00 0.00 0,00 501003 -09 Payroll Benefits- Fica 0.00 0.00 0.00 0.00 501003 -10 Payroll Benefits - Health Insurance 0.00 0.00 0.00 0,00 501003 -11 Payroll Benefits - Seasonal Health Insurance 0.00 0,00 0.00 0.00 501003 -12 - Payroll Benefits- Health Reimbursement 0.00 0.00 0.00 0A0 501003 -13 Payroll Benefits- Dental Insurance 0.00 0.00 0.00 0,00 501003 -14 Payroll Benefits -Vision Insurance 0.00 0.00 0.00 0.00 501003 -15 Payroll Benefits - Standard - life / AD& D 0.00 0.00 0.00 0.00 501003 -16 Payroll Benefits - Cigna - Ufe /AD &D 0.00 0.00 0.00 0.00 501003 -17 Payroll Benefits - Dependant Life 0.00 0.00 0,00 0.00 501003 -18 Payroll Benefits - Long Term Disability 0.00 0.00 0.00 0.00 501003 -19 Payroll Benefits - Unemployment Insurance 0.00 0.00 0.00 0.00 501003 -20 Payroll Benefits - Workmans Comp 0.00 050 0100 0,00 501003 -21 Payroll Benefits - Taxable Life 0.00 0.00 0.00 0,00 501004 Training/ Registrations 1,163.00 2,050.00 3,250.00 3,000.00 501005 Travel & Meeting Expenses 2,360.99 1,900.00 2,500.00 3,000.00 PUR - Purchased Services 502003 Contract Service 36,329.87 22,500.00 22,500.00 22,500,00 502004 Telephone 2,560,50 2,820.00 2,620.00 2,820.00 502009.02 Mailing - Freight & Shipping 0.00 0.00 0.00 0,00 502010 Utilities 4,200.37 8,500.00 6,500.00 6,500.00 502010.01 Utilities - Water & Sanitation 0.00 0.00 0.00 0,00 502010-02 Utilities - Gas 0.00 0,00 0.00 0,00 502010.03 Utilities - Electric 1,061.80 0.00 0.00 0.00 502010 -04 Utilities - Trash 0.00 0,00 0,00 0,00 502010-05 Utilities - Security 0.00 0.00 0.00 0,00 502024 Weed Control 6,956.72 11,000,00 11,000.00 11,000.00 OM - Operating & Maintenance 503003 Miscellaneous 1,266.55 1,200.00 1,200.00 1,200.00 503005.01 Supplies - Office 440.38 0.00 0.00 0.00 503005 -09 Supplies - Tools 956,88 700,00 700,00 700.00 503005 -12 Supplies - Landscaping 933.21 1,500,00 1,500.00 1,500.00 503005 -14 Supplies - Street Lights 6,010.33 5,600.00 6,455.00 6,000.00 503020 Paving/Raw Materials 7,672.70 20,500.00 20,500.00 20,500.00 503021 Road Material Trash 7,269.16 11,950.00 11,950.00 11,950.00 0 00 CAP - Capital 507001 -20 Cash Purchases - Other 14,993.47 11,945.00 10,500.00 13,500,00 Program: 123 - Community Service PER- Personnel Services 501001 -01 Payroll - Regular 17,341.65 19,685.00 19,240.00 20,179.00 501002.01 Payroll Overtime Regular 1,658.69 2,000.00 2,000.00 21000.00 501003 Payroll Benefits 9,849.56 13,716.00 15,543.00 14,447,00 501003 -01 Payroll Benefits - Recreation Benefit 0.00 0.00 0100 0.00 10 -06 -14 TC Packet 49 501003 -08 Payroll Benefits - Medicare 0.00 0.00 0.00 0,00 501003 -09 Payroll Benefits - Fica 0.00 0.00 0.00 0,00 501003 -10 Payroll Benefits - Health Insurance 0.00 0.00 0.00 0.00 501003 -11 Payroll Benefits - Seasonal Health Insurance 0.00 0.00 0.00 0,00 501003 -12 Payroll Benefits - Health Reimbursement 0100 0.00 0100 0,00 501003 -13 Payroll Benefits - Dental Insurance 0.00 0.00 0.00 0.00 501003-14- - Payroll Benefits - Vision insurance 0.00 0.00 000 0.00 501003 -15 Payroll Benefits - Standard - Life / AD& D 0.00 0.00 0.00 0.00 503003 -16 Payroll Benefits - Cigna - Ufe /AD &D 0.00 0.00 0.00 0,00 501003 -17 Payroll Benefits - Dependant Life 0.00 0.00 0.00 0.00 501003 -18 Payroll Benefits - Long Term Disability 0.00 0.00 0.00 0.00 501003 -19 Payroll Benefits - Unemployment Insurance 0.00 0,00 0.00 0.00 501003 -20 Payroll Benefits - Workmans Comp 0.00 0.00 0100 0,00 501003 -21 Payroll Benefits - Taxable Life 0.00 0,00 0.00 0,00 OM - Operating & Maintenance 503005-02 Supplies • Building 0.00 525.00 525,00 525.00 CAP - Capital 507001 -20 Cash Purchases - Other 0.00 0.00 0100 0,00 Division: 03 - Solid Waste Program: 121- Vehicle /Equipment Maintenance PER - Personnel Services 501001 -01 Payroll - Regular 9,281.98 12,541.00 11,927.00 12,891.00 501002 -01 Payroll Overtime Regular 2,579.58 1,600.00 2,637.00 2,600.00 501003 Payroll Benefits 6,497.40 7,730.00 8,146.00 8,358.00 501003 -01 Payroll Benefits - Recreation Benefit 0.00 0100 0100 0.00 501003 -06 Payroll Benefits - Retirement 0.00 0.00 0.00 0.00 501003 -08 Payroll Benefits - Medicare 0.00 0.00 0.00 0.00 501003 -09 Payroll Benefits - Fica 0,00 0.00 0.00 0,00 501003 -10 Payroll Benefits - Health Insurance 0.00 0.00 0.00 0.00 501003 -11 Payroll Benefits - Seasonal Health Insurance 0.00 0.00 0.00 0.00 501003 -12 Payroll Benefits - Health Reimbursement 0.00 0.00 0.00 0.00 501003 -13 Payroll Benefits- Dental Insurance 0,00 0,00 0,00 000 501003 -14 Payroll Benefits - Vision Insurance 0.00 0.00 0.00 0.00 501003 -15 Payroll Benefits - Standard - Life / AD& D 0.00 0.00 0.00 0.00 501003 -16 Payroll Benefits - Cigna - Ufe /AD &D 0.00 0.00 0,00 0,00 501003 -17 Payroll Benefits - Dependant Life 0.00 0.00 0.00 0.D0 501003 -18 Payroll Benefits - Long Term Disability 0.00 0.00 0.00 0,00 501003 -19 Payroll Benefits - Unemployment Insurance 0.00 0.00 0.00 0.00 501003 -20 Payroll Benefits - Workmans Comp 0.00 0100 0.00 0.00 501003 -21 Payroll Benefits - Taxable Life 0,00 0.00 0.00 0.00 10 -06 -14 TIC Packet 50 502008 -01 Repairs - Equipment 0.00 0.00 0.00 0,00 502008 -02 Repairs - Vehicles 0.00 0.00 0.00 0.00 502008.03 Repairs - Radios 0.00 100.00 100.00 500,00 502009 -02 Mailing- Freight & Shipping 0.00 0.00 0.00 0,00 OM - Operating & Maintenance 503003 Miscellaneous 0.00 0.00 0.00 0.00 - 503008 -02 Insurance = Vehicle 2,349.84 2,668.00 2,028.00 4230.00 503009 -01 Vehicle Expenses - Fuel 46,835.22 54,900.00 51,497.00 54,072.06 503009 -02 Vehicle Expenses - Oil 340.40 0.00 0.00 0.00 503009 -03 Vehicle Expenses - Parts & Supplies 21,385.46 20,000.00 26,258.00 21,258.00 503009 -04 Vehicle Expenses - Equipment 602.61 300.00 300.00 300.00 503009 -06 Vehicle Expenses - Labor 19,486.25 20,000.00 20,000.00 20,000.00 503010 Contra Acct - Vehicle Labor (19,486.25) (20,000.00 (20,000,00) (20,000.00) B 80 B CAP - Capital 507001 -01 Cash Purchases - Vehicles 23,845.00 0.00 0.00 0,00 507001 -02 Cash Purchases - Mobile Equipment 0.00 0.00 0.00 0,00 507001 -03 Cash Purchases - Equipment 0.00 0.00 0.00 0,00 507001 -20 Cash Purchases - Other 0.00 195,014.00 175,720.00 901000.00 Program: 124 - Trash Pickup PER - Personnel Services 501001 -01 Payroll - Regular 172,187.44 1138,122.00 184,722.00 193,370.00 501002 -01 Payroll Overtime Regular 22,456.94 24,800.00 26,000.00 30,000.00 501003 Payroll Benefits 92,547.04 115,944.00 100,890.00 125,376.00 501003 -01 Payroll Benefits - Recreation Benefit 0.00 0.00 0.00 0,00 501003 -06 Payroll Benefits - Retirement 0.00 0.00 0.00 0,00 501003 -08 Payroll Benefits - Medicare 0.00 0.00 0.00 0.00 501003 -09 Payroll Benefits - Fica 0.00 0.00 0.00 0.00 501003 -10 Payroll Benefits - Health Insurance 0.00 0.00 0.00 0.00 501003 -11 Payroll Benefits - Seasonal Health Insurance 0.00 0.00 0.00 0.00 501003 -12 Payroll Benefits - Health Reimbursement 0.00 0.00 0.00 0,00 501003 -13 Payroll Benefits- Dental Insurance 0.00 0.00 0.00 0,00 501003 -14 Payroll Benefits - Vision Insurance 0.00 0.00 0.00 0.00 501003 -15 Payroll Benefits - Standard - Life / AD& D 0.00 0.00 0.00 0,00 501003 -16 Payroll Benefits - Cigna - Ufe /AD &D 0.00 0.00 0.00 0.00 501003 -17 Payroll Benefits - Dependant Life 0.00 0.00 0.D0 0.00 501003 -18 Payroll Benefits - Long Term Disability 0.00 0.00 0.00 0.00 501003 -19 Payroll Benefits - Unemployment Insurance 0.00 0.00 0.00 0.00 501003 -20 Payroll Benefits - Workmans Comp 0.00 0.00 0.00 0,00 501003 -21 Payroll Benefits - Taxable Life 0.00 0.00 0.00 0.00 501004 Training/ Registrations 0.00 250.00 250.00 250,00 501005 Travel & Meeting Expenses 323.74 256.00 250,00 250.00 313 , i PUR - Purchased Services 502003 Contract Service 502003 -02 Contract Service - Sihrertree 502004 Telephone 502009 -02 Mailing - Freight &Shipping 10 -06 -14 TIC Packet 51 1,335.50 1,000.00 1,000.00 1,000.00 0.00 0.00 0.00 0.00 341.17 475.00 475.00 475.00 0.00 0.00 0.00 0,00 502025 -01 DumpFees - Miscellaneous 109,722.67 118,000.00 113,000.00 123,000.00 502025 -02 Dump Fees -Tires 3,067.59 2,500.00 3,000.00 3,000.00 OM - Operating & Maintenance 503002 Dues, Memberships, Subscriptions 400.00 700.00 700.00 700.00 503003 Miscellaneous 215.43 500.00 500.00 500.00 503005 -01 Supplies - Office 146.02 200.00 200.00 200.00 503005 -02 _ -- Supplies - Building _ _ 598.51 20,000.00 22;000:00 1,500:00- 503005.03 Supplies - Cleaning 0.00 0.00 0.00 0.00 503005 -09 Supplies - Tools 849.85 1,ODO.DD 1,200.00 1,000.00 503013 Uniforms 2,689.90 3,000.00 3,000.00 3,000.00 CAP - Capital 507001 -20 Cash Purchases - Other 2,300.00 2,000.00 1,400.00 2,000.00 0 8. Program: 125 - Recycling PER - Personnel Services 501001.01 Payroll - Regular 39,889.37 27,591.00 31,510.00 28,361.00 501002 -03 Payroll Overtime Regular 6,660.10 5,500.00 7,134.00 7,200.00 501003 Payroll Benefits 33,154.84 17,005.00 24,671.00 18,388.00 501003 -01 Payroll Benefits - Recreation Benefit 0.00 0.00 0.00 0,00 501003 -06 Payroll Benefits - Retirement 0.00 0.00 0.00 0,00 501003 -08 Payroll Benefits - Medicare 0100 0.00 0.00 0.00 501003 -09 Payroll Benefits - Flca 0.00 0.00 0.00 0.00 501003 -10 Payroll Benefits - Health Insurance 0.00 0.00 0.00 0.00 501003 -11 Payroll Benefits - Seasonal Health Insurance 0.00 0.00 0.00 0.00 501003 -12 Payroll Benefits - Health Reimbursement 0.00 0.00 0.00 0.00 501003 -13 Payroll Benefits- Dental Insurance 0.00 0.00 0.00 0.00 501003 -14 Payroll Benefits - Vision Insurance 0.00 0.00 0.00 0.00 501003 -15 Payroll Benefits - Standard - Life / AD& D 0.00 0.00 0.00 0.00 501003 -16 Payroll Benefits - Cigna - Life /AD &D 0.00 0.00 0.00 0.Q0 501003 -17 Payroll Benefits - Dependant Life 0.00 0.00 0.00 0.00 501003 -18 Payroll Benefits - Long Term Disability 0.00 0.00 0100 0.00 501003 -19 Payroll Benefits - Unemployment Insurance 0.00 0.00 0.00 0.00 501003 -20 Payroll Benefits - Workman Comp 0.00 0.00 0.00 0.00 501003 -21 Payroll Benefits - Taxable Life 0.00 0.00 0.00 0.00 501004 Training/ Registration 0.00 0.00 0.00 0.00 501005 Travel & Meeting Expenses 0.00 0100 0100 0.00 PUR - Purchased Services 502003 Contract Service 0.00 0.00 0.00 0.00 502025 -01 Dump Fees - Miscellaneous 6,605.18 7,000.00 15,000.00 15,000.00 502025 -02 Dump Fees - Tires 0.00 0.00 0.00 0100 D TDO, OM - Operating & Maintenance 503002 Dues, Memberships, Subscriptions 0.00 0.00 0.00 0.00 503003 Miscellaneous 0100 0.00 0.00 0,00 503005 -09 Supplies - Tools 0.00 0.00 0.00 0,00 503022 Recycling Education 57.62 500.00 500.00 500.00 10 -06 -14 TIC Packet 52 CAP - Capital 507001 -20 Cash Purchases - Other 271.55 500.00 4,700.00 4,500,00 Cr a Program: 126 - Rolloff PER - Personnel Services 501001 -01 Payroll - Regular 17,397.04 22,575.00 22,702.00 23,204.00 501002 -01 Payroll Overtime Regular 1,549.38 3,800.00 3,806.00 4,000.00 501003 Payroll Benefits 10,609.07 13,913.00 14,174.00 15,045.00 501003 -01 Payroll Benefits - Recreation Benefit 0.00 0.00 0.00 0.00 501003 -06 Payroll Benefits- Retirement 0.00 0.00 0.00 0.00 501003 -09 Payroll Benefits - Medicare 0.00 0.00 0.00 0.00 501003 -09 PayrollBeneflts - Fica 0.00 0.00 0.00 0.00 501003 -10 Payroll Benefits - Health Insurance 0.00 0.00 0.00 0.00 501003 -11 Payroll Benefits - Seasonal Health Insurance 0.00 0.00 0.00 0.00 501003 -12 Payroll Benefits - Health Reimbursement 0.00 0.00 0.00 0.00 501003 -13 Payroll Benefits - Dental Insurance 0.00 0.00 0.00 0.00 501003 -14 Payroll Benefits - Vision Insurance 0.00 0.00 0.00 0.00 501003 -15 Payroll Benefits - Standard - Life / AD& D 0.00 0.00 0.00 0.00 501003 -16 Payroll Benefits - Cigna - Ufe /AD &D 0.00 0.00 0.00 0.00 501003 -17 Payroll Benefits - Dependant Life 0.00 0.00 0.00 0.00 501003 -18 Payroll Benefits - Long Term Disability 0.00 0.00 0.00 0.00 501003 -19 Payroll Benefits - Unemployment Insurance 0.00 0.00 0.00 0.00 501003 -20 Payroll Benefits - Workmans Comp 0.00 0.00 0.00 0,00 501003.21 Payroll Benefits - Taxable Life 0.00 0.00 0.00 0,00 501004 Training/ Registrations 0.00 0.00 0.00 0.00 501005 Travel & Meeting Expenses 0.00 0.00 0.00 0,00 90111-TINKNEMIM PUR - Purchased Services 502026-01 Rolloff Fees - Conference Center 7,201.31 6,500.00 7,200.00 7,200.00 502026 -02 Rolloff Fees - Parcel C 8,548.77 7,782.00 8,500.00 81500.00 502026 -03 Rolloff Fees - Timbermill 3,719.69 3,500.00 3,700.00 3,700.00 502026 -04 Rolloff Fees - Miscellaneous Rolls 4,622.09 5,000.00 5,000.00 5,000.00 502026 -05 Rolloff Fees - Dump Fees 1,606.77 0.00 0.00 0.00 502026.06 Rolloff Fees - Slivertree 4,013.68 4,000.00 4,000.00 4,000.00 502026 -07 Rolloff Fees - SnowmassClub 4,076.28 5,500.00 4,000.00 4,000.00 502026.08 Rolloff Fees - Aspen Skiing Company 8,644.58 7,500.00 8,700.00 8,700.00 502026.09 Rolloff Fees - Crestwood 4,509.28 4,500.00 4,500.00 4,500.00 502026 -10 Rolloff Fees - Base Village 8,127.49 8,300.00 8,300.00 8,300.00 502026.11 Rolloff Fees - Viceroy 3,823.01 3,800.00 3,800.00 3,800.00 502026.12 Rolloff Fees - SnowmassCenter 7,586.38 7,000.00 6,000.00 7,500.00 OM - Operating & Maintenance 503003 Miscellaneous 0.00 200.00 200.00 200.00 503005.03 Supplies - Cleaning 87.17 200.00 200.00 200,00 CAP - Capital 507001 -20 Cash Purchases - Other 0.00 0.00 0100 0,00 10 -06 -14 TIC Packet 53 CAP - Capital 10 -06 -14 TIC Packet 54 ENNNO Division: 04 - Shop Program: 121- Vehicle /Equipment Maintenance PER - Personnel Services 501001 -01 Payroll - Regular 320,324.83 305,529.00 310,544.00 342,874,00 501002 -01 Payroll Overtime Regular 15,395.57 10,000.00 9,000.00 11,000.00 - 501003 -- Payroll Benefits- 139,282.23 150,863.00 143,656.00 182,808.00 501003 -01 Payroll Benefits - Recreation Benefit 0.00 0.00 0.00 0.00 501003 -06 Payroll Benefits - Retirement 0.00 0,00 0.00 0.00 501003 -08 Payroll Benefits - Medicare 0.00 0.00 0.00 0.00 501003 -09 Payroll Benefits - Fica 0.00 0.00 0.00 0.00 501003 -10 Payroll Benefits - Health Insurance 1,108.35 0.00 0.00 0,00 501003 -11 Payroll Benefits - Seasonal Health Insurance 0.00 0X0 0.00 0.00 501003 -12 Payroll Benefits - Heath Reimbursement 0.00 0.00 0.00 0.00 501003 -13 Payroll Benefits - Dental Insurance 53.99 0.00 0.00 0,00 501003 -14 Payroll Benefits - Vision Insurance 15.02 0.00 0.00 0.00 501003 -15 Payroll Benefits - Standard - Life / AD& D 0.00 0.00 0.00 0.00 501003 -16 Payroll Benefits - Cigna - Life /AD &D 0.00 0.00 0.00 0.00 501003 -17 Payroll Benefits - Dependant Life 0.00 0.00 0.00 0,00 501003 -18 Payroll Benefits - Long Term Disability 0.00 0.00 0.00 0.00 501003 -19 Payroll Benefits - Unemployment Insurance 0.00 0.00 0.00 0.00 501003 -20 Payroll Benefits - Workmans Comp 0.00 0.00 0.00 0.00 501003 -21 Payroll Benefits - Taxable Life 0.00 0.00 0.00 0.00 501004 Training / Registrations 5,750.62 6,500.00 6,500.00 6,500.00 501005 Travel & Meeting Expenses 2,435.67 5,057.00 5,057.00 5,057.00 00 FUR - Purchased Services 502003 Contract Service 2,506.52 4,722.00 4,722.00 4,722.00 502004 Telephone 0.00 0.00 0.00 0,00 502008 -01 Repairs - Equipment 0.00 5,102.00 5,102.00 5,102.00 502008 -02 Repairs - Vehicles 0.00 179.00 179.00 179,00 502008 -03 Repairs - Radios 0.00 979.00 979.00 979,00 502009 Mailing 0.00 84.00 84.00 84,00 502009 -02 Mailing - Freight & Shipping 52.08 0.00 0,00 0.00 N ip ° n i OS OM - Operating & Maintenance 503003 Miscellaneous 260.20 1,056.00 1,056.00 1,056.00 503005 -01 Supplies - Office 408.68 450,00 450.00 450.00 503005 -03 Supplies - Cleaning 540.19 800.00 800.00 800.00 503005 -09 Supplies - Tools 9,052.52 9,400.00 9,400.00 9,400.00 503005 -29 Supplies - Vehicle Hardware 5,935.87 8,034.00 8,034.00 8,034.00 503008 -02 Insurance - Vehicle 174.36 193.00 153.00 168,00 503009 -01 Vehicle Expenses - Fuel 1,609.55 2,949.00 1,750.00 1,838.00 503009 -02 Vehicle Expenses - Oil 374,01 0.00 90.00 94,00 503009 -03 Vehicle Expenses - Parts & Supplies 1,159.26 2,630.00 2,630.00 2,630.00 503009 -04 Vehicle Expenses- Equipment 61145 349.00 349.00 349.00 503009 -06 Vehicle Expenses - Labor 2,677.50 5,500.00 6,200.00 6,200.00 503010 Contra Acct - Vehicle Labor (2,677.50 (5,500.00) (6,200.00) (6,200.00) 503013 Uniforms 2,502.04 2,879.00 2,879.00 2,879.00 cone e o 9 CAP - Capital 10 -06 -14 TIC Packet 54 507001 -02 Cash Purchases - Mobile Equipment 0.00 0.00 0.00 0,00 507001 -03 Cash Purchases - Equipment 0.00 0.00 0.00 0,00 507001 -20 Cash Purchases - Other 1,328.67 22,022.00 0.00 0,00 Program: 127 - Fleet Management _ PER - Personnel Services _ 501001 -01 Payroll - Regular 36,928.90 58,595.00 43,369.00 46,563.00 501002 -01 Payroll Overtime Regular 7,786.00 4,450.00 1,500.00 2,500.00 501003 Payroll Benefits 12,878.94 26,150.00 21,354.00 31,687.00 501003 -01 Payroll Benefits - Recreation Benefit 0.00 0.00 0.00 0100 501003 -06 Payroll Benefits - Retirement 0.00 0.00 0100 0.00 501003.08 Payroll Benefits - Medicare 0.00 0.00 0.00 0.00 501003 -09 Payroll Benefits - Fica 0.00 0.00 0.00 0,00 501003 -10 Payroll Benefits - Health Insurance 0.00 0.00 0.00 0.00 501003 -11 Payroll Benefits - Seasonal Health Insurance 0.00 0.00 0.00 0.00 501003 -12 Payroll Benefits - Health Reimbursement 0.00 0.00 0.00 0.00 501003.13 Payroll Benefits - Dental Insurance 0.00 0.00 0.00 0,00 501003 -14 Payroll Benefits - Vision Insurance 0.00 0.00 0.00 0,00 501003 -15 Payroll Benefits - Standard - Life /AD &D 0.00 0.00 0.00 0.00 501003 -16 Payroll Benefits - Cigna - Life /AD &D 0.00 0.00 0.00 0.00 501003 -17 Payroll Benefits - Dependant Ufe 0.00 0.00 0.00 0.00 501003.18 Payroll Benefits - Long Term Disability 0.00 0.00 0.00 0.00 501003 -19 Payroll Benefits - Unemployment Insurance 0.00 0.00 0.00 0,00 501003 -20 Payroll Benefits - Workman Comp 0.00 0.00 0.00 0.00 501003 -21 Payroll Benefits - Taxable Life 0.00 0.00 0.00 0.00 501004 Training/ Registrations 0.00 0.00 0.00 0.00 501005 Travel & Meeting Expenses 0.00 0.00 0.00 0.00 PUR - Purchased Services 502003 Contract Service 155.00 0.00 0.00 0.00 502004 Telephone 0.00 0.00 0.00 0.00 502008-01 Repairs - Equipment 0.00 0.00 0.00 0.00 502008-03 Repairs - Radios 0.00 0.00 0100 0.00 502009 -02 Mailing- Freight & Shipping 0.00 0.00 0100 0.00 0 .0 OM - Operating & Maintenance 503002 Dues, Memberships, Subscriptions 0.00 0.00 0.00 0,00 503003 Miscellaneous 0.00 0.00 0.00 0,00 503005 -01 Supplies - Office 346.67 650.00 650.00 650.00 503005-03 Supplies - Cleaning 0.00 0.00 0.00 0,00 CAP- Capital 507001 -20 Cash Purchases - Other 0.00 0.00 0.00 0,00 9 Program: 128- Building & Grounds PER- Personnel Services 501001 -01 Payroll - Regular 38,233.56 54,409.00 33,234.00 33,864.00 10 -06 -14 TC Packet 55 501002 -01 Payroll Overtime Regular 286.85 50,00 50.00 50.00 501003 Payroll Benefits 13,822.61 24,138.00 19,469.00 29,249.00 501003 -01 Payroll Benefits - Recreation Benefit 0.00 0.00 0.00 0.00 501003.06 Payroll Benefits - Retirement 0.00 0.00 0.00 0.00 501003 -08 Payroll Benefits - Medicare 0,00 0.00 0.00 0.013 501003 -09 Payroll Benefits - Fica 0.D0 0.00 0.00 0,00 501003 -10 Payroll Benefits - Health Insurance 0.00 0.00 0.00 0.00 501003 -11 Payroll Benefits - Seasonal Health Insurance 0.00 0.00 0.00 0,00 501003 -12 - - -- Payroll Benefits- Health Reimbursement - 0.00 0.00 0.00 0.D0 501003 -13 Payroll Benefits- Dental Insurance 0.00 0.00 0.00 0,00 501003 -14 Payroll Benefits- Vision Insurance 0.00 0.00 0.00 0,00 501003 -15 Payroll Benefits - Standard - Life / AD& D 0.00 0.00 0.00 0,00 501003 -16 Payroll Benefits - Cigna - Life /AO &O 0.00 0.00 0.00 0,00 501003 -17 Payroll Benefits - Dependant Life 0.0D 0.00 0.00 0,00 501003 -18 Payroll Benefits - Long Term Disability 0.00 0.00 0.00 0,00 501003 -19 Payroll Benefits - Unemployment Insurance 0.00 0.00 0.00 0.00 501003 -20 Payroll Benefits - Workmans Comp 0.00 0.00 0.00 0.00 501003 -21 Payroll Benefits - Taxable Life 0.00 0.00 0.00 0.00 501004 Training/ Registrations 0.00 0.00 0.00 0.00 501005 Travel & Meeting Expenses 0.00 0.00 0.00 NAMENNEW 0.00 PUR - Purchased Services 502003 Contract Service 10,614.90 9,900.00 9,900.00 91900.00 502004 Telephone 0.00 0.00 0.00 0.00 502006 -01 Building Maintenance - General 8,026.16 1,708.00 1,708.00 1,708.00 502008 -01 Repairs - Equipment 5,837.62 6,653.00 6,653.00 6,653.00 502009 -02 Mailing - Freight & Shipping 0.00 0.00 0.00 0.00 502010 Utilities 48,318.25 0.00 0100 0.00 502010-01 Utilities - Water & Sanitation 0.00 0.00 0.00 0100 502010 -02 Utilities - Gas 3,942.44 0.00 0.00 0.00 502010.03 Utilities - Electric 2,91L13 0.00 0.00 0100 502010 -04 Utilities - Trash 390.30 0.00 0.00 0.00 502010.05 Utilities - Security 0.00 0.00 0.00 0.00 B OM - Operating & Maintenance 503002 Dues, Memberships, Subscriptions 0.00 0.00 0.00 0.00 503003 Miscellaneous 0.00 0.00 0.00 0,00 503005 -02 Supplies - Building 5,690.99 3,180.00 3,180.00 3,180.00 503005.03 Supplies - Cleaning 433.00 400.00 400.00 400,00 503005 -09 Supplies -Tools 899.70 0.00 0,00 0,00 503005 -13 Supplies - Car Wash 0.00 0,00 0.00 0,00 503013 Uniforms 0.00 0.00 0.00 0.00 10 -06 -14 TIC Packet 56 Division: 00 - - Prognm:103 - Administration PER - Personnel Services 501099 Personnel Services 0.00 0.00 0.00 0,00 PUR - Purchased Services 502002 -03 Consultant -Town Council 50,432.67 15,000.00 15,000.00 0.00 502002-04 _ Consultant- Entryway 6,251.60 0.00 29.850.00 0:00. _ 502002 -05 Consultant- Website Redesign 0.00 0.00 0.00 0.00 502002 -06 Consultant - Comp Plan 0.00 0.00 0.00 0.00 502002 -07 Consultant - Ice Age 21,000.00 0.00 25,000.00 0.00 502002 -08 Consultant - Environmental sustainability 2,202.27 0.00 20,000.00 0.00 502002 -09 Consultant - Holy Cross Energy Efficiency 0.00 0.00 150,000.00 0.00 502003 Contract Service 0.00 0.00 3,850.00 0.00 as DON - Donations & Grants 504001 -03 Donations - General 0.00 0.00 0.00 0.00 504002 -01 Grants - Cultural Arts 0.00 0.00 0.00 0,00 504D02 -02 Grants - Health & Human Services 49,999.92 100,320.00 100,320.00 105,000.00 0 Program: 190 - Capital CAP - Capital 507002 Capital Town Council 0.00 0.00 0.00 0.00 507003 Capital Town Manager 0.00 0.00 10,300.00 0.00 507004 Capital Town Clerk 73,248.62 12,315.00 17,315.00 5,000.00 507005 Capital Finance 181,618.23 42,000.00 77,382.00 0.00 507006 Capital Community Development 0.00 0.00 12,000.00 0.00 507007 Capital Public Safety 0.00 0.00 0.00 0.00 507008 Capital Transportation 8,000.00 150,000.00 12,500.00 137,500.00 507009 Capital Parks & Recreation 16,250.00 68,000.00 0.00 0.00 507009 -05 Capital Parks & Recreation - Trails 0.00 0.00 25,000.00 0.00 507009 -09 Capital Parks & Recreation - Rec Center Building & 0.00 0.00 36,000.00 0.00 Equip Repair 507009 -10 Capital Parks & Recreation Trails Slgnage 0.00 0.00 32,000.00 0,00 507010 Capital Facility Management 288,196.65 1,200.00 32,089.00 15,000.00 507011 Capital Road 53,327.00 6,000.00 0.00 0.00 507012 Capital Solid Waste 0.00 0.00 0.00 0.00 507013 Capital Shop 88,147.12 0.00 62,000.00 16,900.00 507014 Capital Arts Board 0,DO 0,00 0,00 000 507015 Capital Energy Efficiency Funds 0.00 0.00 0.00 0,00 507015 -01 Capital Energy Efficiency - Electrical Vehicle 0.00 0.00 7,500.00 0.00 Charging Station 507020 Capital Other 0.00 0.00 0.00 100,000.00 ?f 0 Department: 91- Other Expenditures 10 -06 -14 TC Packet 57 507025 Reserves Used 0.00 38,190.00 38,190.00 9,500,00 OTHER - Other Expenditures 511001 Write Offs Accounts Receivables 1,261.10 0.00 0.00 0,00 511002 Freight Expenditures 0.00 0.00 0.00 0.00 511003 Employee Housing Reserved Used 225.54 0.00 3,100.00 0.00 511004 Retirement Forfeiture 0.00 0.00 0.00 0.00 511005 _Town Hall . _ _ 0.00 _ 0.00 0.00 0.00. 511006 Town Energy Efficiency 29,807.40 0.00 0,00 0,00 511007 Adjustment to Expenditures (508,996.89) 0.00 (100,000.00) 0.00 511008 Droste Open Space Contribution 200,000.00 200,000.00 200,000.00 200,000.00 Division: 04 - Shop OM - Operating & Maintenance 503009.01 Vehicle Expenses - Fuel 0,00 0.00 0.00 0,00 503009.02 Vehicle Expenses - 011 0.00 0.00 0.00 0.00 503009 -03 Vehicle Expenses - Parts & Supplies 0.00 0.00 0.00 0.00 503009 -07 Vehicle Expenses - Freight 0.00 0.00 0.00 0,00 = tt a e Department: 92 - Transfers to Other funds TRAN - Transfers Out 510005 Transfer Out to Lottery 0.00 0.00 0.00 0.00 510006 Transfer Out to RETT 0.00 0.00 0,00 0,00 510007 Transfer Out to Road 0.00 0.00 0,00 0,00 510008 Transfer Out to Excise 0.00 0.00 0.00 0.00 510009 Transfer Out to Marketing 0.00 0.00 0100 0.00 510010 Transfer Out to Group Sales 0.00 0.00 0.00 0,00 510011 Transfer Out to REOP 0.00 0.00 0.00 0,00 510050 Transfer Out to Debt Service 0.00 0.00 0.00 0.00 510055 -01 Transfer Out to CIP - Bus Stops 0.00 0.00 0.00 0.00 510055.02 Transfer Out to CIP - Entryway Improvements 0.00 0,00 0100 0.00 510060 Transfer Out to Housing 0.00 0.00 0.00 0.00 510061 Transfer Out to Mountain View 0.00 0.00 0.00 0.00 510062 Transfer Out to Mountain View II 0.00 0.00 0.00 0,00 510090 Transfer Out to GID 0.00 0,00 0100 0,00 10 -06 -14 TC Packet 58 LOTTERY FUND BUDGET SUMMARY ENDING BALANCE $22,134.40 2014 Budget 2013 DESCRIPTION ACTUAL CARRYOVER $63,813.63 REVENUES $30,455.77 EXPENDITURES ($72,135.00 NET {$41,679.23 Trnfr -Cop Proj - Entryway $0.00 ENDING BALANCE $22,134.40 2014 Budget _ 2014 Revised VARIANCE $18,531.63 $26,839.00 ($23,000.00) $3,839.00 $0.00 $22,134.40 $30,319.00 ($23,000.00) $7,319.00 $0.00 $3,602.77 $3,480.00 $0.00 $3,480.00 $0.00 $22,370.63 $29,453.40 $7,082.77 10 -06 -14 TC Packet 59 2015 PROPOSED $29,453.40 $30,300.00 23 000.00 $7,300.00 $0.00 $36,753.40 Fund: 005 -Lottery Fund Revenues IG - Intergovernmental Revenue 402006 Lottery Funds 30,389.25 26,790.00 30,276.00 30,276.00 10 -06 -14 TIC Packet 60 • 1 1 1 . .. •• 1 1 F 1 / 1 Emil {{.. . 1 11 • ... .r: .... .: .- � Y -r S a x r� s / 11 ". __ Y 1 I / 11 11 1 1 11 '. f f 1 1 11 '..i t f 1 11' 1 1 1 fit 1 11 1 11 / 111 / - 11 111 11 111 11 111 11 11 1 'nom . -�' r`..,.r ��i,.',�U; •. - �M.,z;.m;Z✓.,.�,su.:�.,. k .ate '., • tl 1 11 11 1 1'/ X Iii 1.1 1 11 K I f -# 11 1 11 X f.i I 1.1 MY --1 _.* hw:.TV # 4'„.�k ,". WE I #.,,..✓' MIN— ...,,au...».e'?,`s',�',r?^�:ry .. r's�'f ,K�...: ,;#;4 -f �.�Y..:.,?.,a.- s..#,.:. C... Y S3 tT ON ,,.�., � „f�,W x� ,-a'�. �+`v�i.� t..� , ��,r �� �.�:- :„!:?���_...€ fa,.. -.-4°' � i� .� � �Pi`.a:.. _ � �.a.,,�?✓!_*� :�� 10 -06 -14 TIC Packet 60 Note: Minus variance figures are unfavorable DESCRIPTION CARRYOVER Revenues Expenditures TOWN OF SNOWMASS VILLAGE REAL ESTATE TRANSFER TAX BUDGET SUMMARY 2013 2014 2014 2014 2015 Actual Budget Revised Variance get $3,382,403.85 $3,058,166.85 $3,833,618.99 $775,452.14 $3,223,721.5 $ 2,674,592.15 $ 2,114,900.00 $ 2,033,320.00 $ (81,580.00) $ 2,244,200.( $ (2,223,377.01) $ (2,542,241.00) $ (2,643,217.00) ($100.976.00) $ (2,594,469.0 Base Village - Revenues $ - $ - $ - $ - $ Base Village - Expenditures $ - $ - $ - $ - $ - YEAR END CARRYOVER $3,833,618.99 $2,630,825.85 $3,223,721.99 $592,896.14 $2,873,452.9 Appropriation from Year End Carryover Capital Equipment Reserve Capital One - time - S&M Vehicle Repair Reserve 2013 2014 2014 Actual Budget Revised $540,229.00 $540,229.00 $540,229.00 $31,073.00 $0.00 $0.00 $28,835.00 1 $0.00 $0.00 2014 2015 Variance Budget $0.00 $540,229.0 $0.00 $0.0 •= � Year End Appropriation $3,833,618.99 $2,630,825.85 $3,223,721.99 $592,896.14 $2,873,452.9! ,873,452.9 10 -06 -14 TC Packet 61 Fund: 006 - Real Estate Transfer Tax Fund Revenues TAX - Taxes 401005 Real Estate Transfer Tax 2,360,854,46 1,600,000.00 1,700,000.00 1,800,000.00 IG - Intergovernmental Revenue 402005 -04 Grants - FTA -5339 Capital Grant 292,560.00 510,000.00 310,000.00 440,000.00 _402005.06 - - - -- Grants -FTA- 5311 Rural Capital Grant _____. 0,�___ 0.00-- - -0:00 - 0.00 MISC - Miscellaneous 407001 Interest Income 4,864.19 4,900.00 4,320.00 4,200.00 407002 Penalty & Interest 0.00 0100 0.00 0.00 407003 Miscellaneous income 1,313.50 0.00 19,000.00 0.00 407008 Accounts Payable Write Offs 15,000.00 0.00 0100 0,00 TI - Transfer In From Other Funds 408001 Transfers In General 0.00 0,00 0.00 090 408007 Transfer In Road 0.00 0.00 0.00 0,00 a Expenditures OM - Operating & Maintenance 503003 Miscellaneous 0.00 0.00 0.00 0.00 0 CAP - Capital 507008 Capital Transportation 0.00 0.00 0.00 0.00 507008-01 Capital Transportation - Buses & Equipment 938,690.52 931,928.00 956,287.00 1,245,589.00 507008 -02 Capital Transportation - Daly Depot/Garage 11,436.69 60,000.00 60,000.00 81000.00 507008 -03 Capital Transportation - Bus Stop Capital Repairs 5,673.01 5,000.00 5,000.00 0.00 507008 -04 Capital Transportation - Parcel C Video Surveilance 1,721.76 0.00 0.00 0,00 507008 -05 Capital Transportation - Transit Office Base Village 6,017.65 6,000.00 0.00 3,000.00 507008 -06 Capital Transportation - Town Park Station 4,150.00 3,500.00 5,000.00 80,000.00 507008 -07 Capital Transportation - BusDepotAnnouncement 0.00 0.00 0.00 0,00 System 507008 -08 Capital Transportation - Radio Phone System 0.00 0.00 0.00 0.00 507008 -09 Capital Transportation -Variable Message GPS 0.00 0.00 0.00 0.00 507009 Capital Parks & Recreation 0.00 0.00 0.00 0.00 507009 -01 Capital Parks & Recreation - Entryway 0.00 0.00 0.00 0,00 507009.02 Capital Parks & Recreation - Rodeo Improvements 0.00 0.00 0.00 0.00 507009 -03 Capital Parks & Recreation - Brush Creek Stream 0.00 0.00 0.00 0,00 Restoration 507009 -04 Capital Parks & Recreation - Roundabout Storm O.DO 0.00 0.00 0.00 Sewer 507009 05 Capital Parks & Recreation - Trails 14,768.16 15,000.00 15,000.00 15,000.00 10 -06 -14 TIC Packet 62 507009-06 507009 -07 507009-08 Capital Parks & Recreation = Open Space Trails Study Capital Parks & Recreation - Ice Rink Capital Parks & Recreation -Town Hall Landscaping 3,017.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 507009.09 Capital Parks & Recreation - Rec Center Building & 0.00 0.00 0.00 0.00 Equip Repair 507011 Capital Road 0.00 0.00 0.00 0.00 507025 Reserves Used 0.00 22,527.00 22,527.00 500.00 507027. Building Equipment Repair— -- - 11,370.92 71 ,520.00 - 102;593.00 -- 71;520,00- tl TRAN - Transfers Out 510001 -01 Transfer Out to General - Transportation 500,443.08 590,804.00 588,741.00 602,881.00 510001 -02 Transfer Out to General - Landscaping 341,458.63 388,282.00 447,155.00 567,979.00 510001.03 Transfer Out to General - Pool & Recreation Center 384,629.59 447,680.00 440,914.00 0.00 10 -06 -14 TIC Packet 63 TOWN OF SNOWMASS VILLAGE ROAD MILL LEVY FUND Note: Minus variance figures are unfavorable BUDGET SUMMARY Appropriation from 2013 2014 2014 $ Year &W Cerro ACTUAL Budget Revised VARIANCE 2015 BUDGET CAPTIAL ONE-TIME - SCYM $ 39,459.00 $ $ $0.00 $ UNAPPROPRIATED RESERVE $1 S37 799 43 $177 ;640.66 $1;188,560,43 $1,010,919.77 ;318 050 43---------------------------------- ----------------- ------------------------------------------------- --------------- -- Year End Appropriation $1,832,79613 $723.158.66 $1,734,077.43 1 $1,010,918,77 1 $1,136,763.43 10-06-14 TC Packet 64 2013 2014 2014 $ 2015 DESCRIPTION — ------- — — ----- — ------- ACTUAL — — — - -- — ------ — -------- ----- Budget — — ---- — Revised VARIANCE BUDGET _CARRYOVER $1,349,561.66 — -- ------ $1,593,583.66 — ------- — $1,932,796.43 W7,212-77 - -$1.734,077.43 REVENUES $ 2,559,328.81 $ 2,416,810.00 $ 2,393,851.00 ($22,959-00) $ 2,393,543.00 EXPENDITURES $ (2,076,094.04 ) $ (3,289,235.00) $ (2.492,570.W) $796,665.00 I_a."1,157.00 j ---------------------------------- $ 483,234.77 ----------------- $ ---------------- (872.425.00) $ -------------------------------- (98-719-00) $ 773-706-00 $ (597,314.00) ----------------- IYEAR END CARRYOVER I $1,136,763743 — $1,832,746043 $7237158.66 $1,734.077.43 $1,010,918-771 Appropriation from 2013 2014 2014 $ Year &W Cerro ACTUAL Budget Revised VARIANCE 2015 BUDGET CAPTIAL ONE-TIME - SCYM $ 39,459.00 $ $ $0.00 $ UNAPPROPRIATED RESERVE $1 S37 799 43 $177 ;640.66 $1;188,560,43 $1,010,919.77 ;318 050 43---------------------------------- ----------------- ------------------------------------------------- --------------- -- Year End Appropriation $1,832,79613 $723.158.66 $1,734,077.43 1 $1,010,918,77 1 $1,136,763.43 10-06-14 TC Packet 64 Fund: 007 - Road MITI Levy Fund Revenues TAX - Taxes 401001 -01 PropertyTaxes - CurrentTaxes 2,556,298.71 2,409,010.00 2,386,269.00 2,387,043.00 CS - Charges for Service 404070 Occupancy Assessments 0.00 5,000.00 5,000.00 5,000,00 MISC - Miscellaneous 407001 Interest Income 3,030.10 2,80.0.00 2,582.00 1,800.00 407003 Miscellaneous Income 0100 0,00 0.00 0.00 TI - Transfer In From Other Funds 408001 Transfers In General 0.00 0.00 0.00 0.00 408006 Transfer In Rett 0.00 0.00 0.00 0,00 tt Expenditures PUR - Purchased Services 502002 -02 Consultant - Engineering 44,775.28 25,000.00 20,000.00 25,000.00 502018 -02 Collection Fees - Road 51,180.22 48,180.00 47,725.00 49,144.00 C CI e c CAP - Capital 507025 Reserves Used 0.00 5,559.00 5,559.00 0.00 507027 Building Equipment Repair 0.00 0.00 39,459.00 0,00 507100 Road Projects 0.00 375,000.00 0.00 250,000.00 507101 Road Projects Central 0.00 0.00 0.00 0.00 507101 -01 Road Projects Central - Brush Creek Road 90,40033 0.00 114,353.00 0.00 507101 -02 Road Projects Central - Brush Creek Lane 0.00 0.00 0.00 0.00 507101 -03 Road Projects Central - Deerfield Drive 0.00 0.00 0.00 0,00 507101 -04 Road Projects Central - Divide Road 0.00 0.00 0.00 0,00 507101 -05 Road Projects Central - Hawkridge 0.00 0.00 0.00 0.00 507101 -06 Road Projects Central - Hlghline Road 82,834.00 0.00 0.00 0.00 507101 -07 Road Projects Central - Lot E 0.00 0.00 0,00 0.00 507101 -08 Road Projects Central - Owl Creek Road 76,315.28 0.00 25,000.00 0.00 507101 -09 Road Projects Central - Rodeo Lot 0.00 0.00 0.00 0,00 507101 -10 Road Projects Central - Snowmass Creek Road 0.00 0.00 0.00 0,00 507101 -11 Road Projects Central - Woodbridge Road 0.00 0.00 0.00 0.00 507101 -12 Road Projects Central - BrushCreek Wood Road 0.00 800,000.00 0.00 800,000.00 Roundabout 507102 Road Projects Country Club 0.00 0.00 0.00 0.00 507102 -01 Road Projects Country Club - Beaver Court 0.00 0.00 0.00 0.00 507102 -02 Road Projects Country Club - Fairway Drive 0.00 0.00 0.00 0.00 507102 -03 Road Projects Country Club - Harlston Green 0.00 0.00 0.00 0.00 507102 -04 Road Projects Country Club - Snowmass Club Circle 0.00 0.00 0.00 0.00 10 -06 -14 TIC Packet 65 507102 -05 Road Projects Country Club - St. Andrews Ct. 0.00 507103 Road Projects Horse Ranch 0.00 507103 -01 Road Projects Horse Ranch - Branding Lane 0.00 507103 -02 Road Projects Horse Ranch - Bridle Path Lane 0100 507103 -03 Road Projects Horse Ranch - Bronco Court 0.00 507103 -04 - Road Projects Horse Ranch - Horse Ranch Drive 0.00 507103 -05 Road Projects Horse Ranch - Maverick Circle 0.00 507103 -06 Road Projects Horse Ranch - Pinto Circle 0.00 507103 -07 Road Projects Horse Ranch - Rodeo Road 0.00 507103 -08 Road Projects Horse Ranch - Saddleback Lane 0.00 507103 -09 Road Projects Horse Ranch - Spur Ridge Lane 0.00 507103 -10 Road Projects Horse Ranch - Stallion 0.00 507103 -11 Road Projects Horse Ranch - Stallion Circle 0.00 507103 -12 Road Projects Horse Ranch -Trail Rider Lane 0.00 507104 Road Projects Melton Ranch 0.00 507104 -01 Road Projects Melton Ranch - Lemond Circle 0.00 507104 -02 Road Projects Melton Ranch - Lemond Place 0.00 507104 -03 Road Projects Meton Ranch - Meadow Lane 0.00 507104 -04 Road Projects Melton Ranch - Martingale Place 0.00 507104-05 Road Projects Melton Ranch - Meadow Road 0100 507104 -06 Road Projects Melton Ranch - Oak Ridge Lane 0.00 507104 -07 Road Projects Melton Ranch - Oak Ridge Road 0.00 507104.08 Road Projects Melton Ranch - Sinclair Lane 0.00 507104 -09 Road Projects Melton Ranch - Sinclair Road 12,139.20 507104 -10 Road Projects Melton Ranch - Summit Lane 0.00 50710411 Road Projects Melton Ranch - Terrace Drive 0.00 50710412 Road Projects Melton Ranch - Wildridge Lane 0.00 507105 Road Projects Ridge Run 0.00 507105 -01 Road Projects Ridge Run - Antler Ridge Lane 20,350.00 507105 -02 Road Projects Ridge Run - Baby Doe Lane 18,500.00 507105 -03 Road Projects Ridge Run - Buck Lane 0.00 507105 -04 Road Projects Ridge Run - Deer Lane 0.00 507105 -05 Road Projects Ridge Run - Deer Ridge Lane 0.00 10 -06 -14 TC Packet 66 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0 -.00- 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 137,306.00 11,450.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 507105 -06 Road Projects Ridge Run - East Ridge Road 507105 -07 Road Projects Ridge Run - Elk Ridge Lane 507105 -08 Road Projects Ridge Run - Ermine Lane 507105 -09 Road Projects Ridge Run - Faraway Road 507105 -10 Road Projects Ridge Run - Maple Ridge Lane - 507105 -11 - Road Projects Ridge Run- North Ridge Lane 507105-12 Road Projects Ridge Run - Ridge Road 507105 -13 Road Projects Ridge Run - Stellar Lane 507105 -14 Road Projects Ridge Run - View Ridge Lane 507106 Road Projects West Village 507106 -01 Road Projects West Village - Burlingame Lane 507106-02 Road Projects West Village - Campground Lane 507106 -03 Road Projects West Village - Carriageway 507106 -04 Road Projects West Village - Daly Lane 507106 -05 Road Projects West Village - Elbert Lane 507106 -06 Road Projects West Village - Fall Lane 507106 -07 Road Projects West Village- Galiun Lane 507106 -08 Road Projects West Village - Lot 1 507106-09 Road Projects West Village - Lot 2 507106 -10 Road Projects West Village - Lot 3 507106 -11 Road Projects West Village - Lot 4 507106 -12 Road Projects West Village - Lot 5 507106 -13 Road Projects West Village - Lot 6 507106 -14 Road Projects West Village - Lot 7 507106 -15 Road Projects West Village - Lot 8 507106 -16 Road Projects West Village - Lot 9 507106 -17 Road Projects West Village - Lot 10 507106 -18 Road Projects West Village - Lot 11 507106 -19 Road Projects West Village - Lot 12 507106 -20 Road Projects West Village - Lot 13 507107 Road Projects Wood Run 507107 -01 Road Projects Wood Run - Alpine Lane 507107 -02 Road Projects Wood Run - Bridge Lane 507107 -03 Road Projects Wood Run - Creek Lane 507107 -04 Road Projects Wood Run - Edgewood Lane 507107 -05 Road Projects Wood Run - Forest Lane 507107 -06 Road Projects Wood Run - Hidden Lane 507107 -07 Road Projects Wood Run - Janss Lane 507107 -08 Road Projects Wood Run - Little Lane 507107 -09 Road Projects Wood Run - Stanton Lane 507107-10 Road Projects Wood Run - Village Run Circle 507107 -11 Road Projects Wood Run - Wood Road 507108 Road Projects Two Creeks 507108 -01 Road Projects Two Creeks - Blue Spruce Lane 507108 -02 Road Projects Two Creeks - East Fork Lane 10 -06 -14 TC Packet 67 u.uu u.0o 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 11,618.00 0.00 0.00 0,00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 139,037.50 0.00 0.00 0.00 0.00 0.00 0100 0.00 0.00 0100 0.00 0.00 0.00 0.00 27,093.00 0.00 0.00 0.00 0.00 0.00 20,667.28 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0,00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 59,307.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0,00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 165.00 0100 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 10 -06 -14 TC Packet 68 J e. N ti �, - IBM M .? _ Vii' q, . w� 10 -06 -14 TC Packet 68 TOWN OF SNOWMASS VILLAGE EXCISE TAX FUND BUDGET SUMMARY 2013 DESCRIPTION Actual CARRYOVER $5,605,520.2 - REVENUES $175,509.41 Housing Mitigation $0.01 Rodeo Place Homes -Phase 2 $72,186.01 EXPENDITURES ($13,466.9: Property Purchase -7 star ($700,317.0( Rodeo Place Homes -Phase 2 ($2,931.3 NET ($469,019.81 Transfer out -CIP (Rodeo Homes) $0.0( Transfer out -CIP (Draw Site) $0.0( ENDING BALANCE $5,136,500.35 Appropriation from 2013 Year End Carryover Actual Unrestricted Funds from Sales $0.00 UNAPPROPRIATED RESERVE $5,136,500.39 Year End Appropriation - $5,136,500.39 2014 2014 $ Budget Revised VARIANCE I $5,816,613.20 $5,136,500.39 ($680,112.81) $208,050.00 $229,767.00 $21,717.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 ($30,000.00) ($133,000.00) ($103,000.00) $0.00 $0.00 $0.00 0.00 $0.00 $0.00 $178,050.00 $96,767.00 ($81,283.00) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $5,994,663.20 $5,233,267.39 ($761,395.81) 2014 2014 $ Budget Revised VARIANCE $0.00 $60,056.95 $60,056.95 $5,994,663.20 $5,173,210.44 ($821,452.76) $5,994,663.20 $5,233,267.39 ($761,395.81) 10 -06 -14 TC Packet 69 2015 Proposed $5,233,267.39 $253,000.00 $0.00 $0.00 ($19,000.00) $0.00 0.00 $234,000.00 $0.00 $0.00 1_ $5,467,267.39 2015 PROPOSED 1 $60,056.95 $5,407,210.44 $5,46 ---- -_ - ---- -- Fund: 008 - Excise Tax Fund Revenues TAX - Taxes 401006 Excise Tax 166,830.31 200,000.00 200,000.00 225,000.00 IG - Intergovernmental Revenue 402005 -07 Grants -CORE 0.00 0.00 0.00 0.00 CONT - Contributions 0.00 507020.98 Capital Other- Rodeo Place Homes & Phase II 0.00 406005 Housing Mitigation 0.00 0.00 0.00 0,00 MISC -Miscellaneous 0.00 0.00 0.00 507021 407001 Interest Income 7,259.91 8,050.00 5,767.00 6,000.00 407003 Miscellaneous Income 128.86 0.00 0100 0.00 407007 -04 Employee Housing - Rent Other 1,290.40 0.00 24,000.00 22,000.00 TI - Transfer In From Other Funds 0.00 507021 -03 Capital Projects Hard Costs - Contingency 2,318.86 408001 Transfers In General 0.00 0.00 0.00 0.00 408055 Transfer In CIP 0.00 0.00 0.00 0.00 Capital Projects Soft Costs - Consultants 0.00 0 0.00 0,00 SA - Sale of Assets 410002 Excise Assets 0.00 0.00 0.00 0.00 410002 -01 Excise Assets - Rodeo Place Phase 1 0.00 0.00 0.00 0.00 410002 -02 Excise Assets - Rodeo Place Phase 11 0.00 0.00 0100 0,00 410002 -03 Excise Assets - Country Oub Townhomes/Club Villas 72,186.00 0.00 0.00 0100 CAP - Capital 507020 Capital Other 700,317.00 0.00 0.00 0.00 507020.98 Capital Other- Rodeo Place Homes & Phase II 0.00 0.00 0.00 0.00 507020 -99 Capital Other- PrlorYearProjects 0.00 0.00 0.00 0.00 507021 Capital Projects Hard Costs 0.00 0.00 0.00 0.00 507021 -01 Capital Projects Hard Costs - Development Charges 0.00 0.00 0.00 0.00 507021 -02 Capital Projects Hard Costs - Site Construction 0.00 0.00 0100 0.00 507021 -03 Capital Projects Hard Costs - Contingency 2,318.86 0.00 0.00 0.00 507022 Capital Projects Soft Costs 0.00 0.00 0.00 0.00 507022 -01 Capital Projects Soft Costs - Consultants 0.00 0.00 0.00 0,00 10 -06 -14 TIC Packet 70 10-06-14 TC Packet 71 IBM Sul 10-06-14 TC Packet 71 TOWN OF SNOWMASS VILLAGE MARKETING AND SPECIAL EVENTS FUND BUbGET SUMMARY 2013 DESCRIPTION Actual _ CARRYOVER $651,287.81 REVENUES $3,937,463.0( EXPENDITURES ($3.742.861.5 NET REVENUES /EXP $194,601,4! ENDING BALANCE $845,889.32 Appropriation from 2013 Year End Carryover Actual ---------------------------- ----- -- ---- --- -- --- - -- ----------------- --- 'Reserve (10% of Revenues) $ 393,746.30 Reserve-Marketing/Events - $ - (projects under consideration) UNAPPROPRIATED RESERVE $452,143.02 Year End Appropriation $ 845,889.32 2014 Budget 2014 REVISED $ VARIANCE $673,333.86 $4,122,705,00 Z ($4.248,835.00) ($126,130100) $845,889.32 $4,111,384.00 ($4,247,238.00 ($135,854,00) $172,555.46 ($11,321.00) $1,597.00 ($9,724.00) $547,203.86 $710,035.32 $162,831.46 2014 Budget 2014 REVISED $ VARIANCE $ 412,270.50 $ $134,933.36 411,138.40 $298,896.92 ($1,132.10) $163,963.56 $ 547,203.86 $ 710,035.32 $ 162,831.46 10 -06 -14 TC Packet 72 2015 PROPOSED $710,035.32 $4,228,804.00 ($4,261.89200) ('03,088:00') $676,947.32 2015 PROPOSED $ 422,880.40^ 5 - $254,066.92 F 676,947.32 Fund: mm' Marketing m Special Events Fund Revenues TAX - Taxes 402003-03 Sales Taxes - Marketing 3,888,893.35 4,053,305.00 4,053,305.00 4,174,904.Do CS' Charges for Service 404m1-01 Event Revenue - Ticket Sales 0.00 15,ODO.00 3,000.00 0.00 cowr'Contributions 404071-02 Event Revenue 'Sponsorships 30,000.00 25�00.00 15,ODO.00 25,I)l 406007-01 Donations 'Events 2,500.00 o.uu ozm 0.00 406007-02 Donations - Ice Age Discovery 1,840.01) 3,ODO.00 3,0130.00 3,0D0.w wuc Miscellaneous 407001 Interest Income 1,275.0 1,400.00 1,07e00 900.00 *omm Miscellaneous Income 0.00 o»o uzm 0.00 mmm'uz Co-op Reimbursement 0.00 25,000.00 10,000.00 uuo ^mmmm Co-op Reimbursement Marketing 12,954.63 0.00 26,000,00 25,000.00 Expenditures PER ' Personnel Services 501001-01 Payroll neoou, 50*369.50 539,004.00 501'610m0 567,386,00 501002-01 Payroll Overtime Regular 25,058y0 14,000u0 20,000.00 20,000.00 501003 Payroll Benefits 179'258.31 225'522.00 oz'osouo 270,362.00 somos*z Payroll Benefits ' Recreation Benefit o.00 ouo 0.00 0.00 501003'04 Payroll Benefits Housing Allowance 1'774u3 ouu u.00 uoo 501003-06 Payroll Benefits -Retirement 0.00 0.00 000 0.00 501003-08 Payroll Benefits Medicare nuo o.00 nyo ouo 501003-09 Payroll Benefits 'F/ca 0.00 0.00 0100 0.00 501003-10 Payroll Benefits Health Insurance 0.00 ouo 0.00 0.00 501003-11 Payroll Benefits Seasonal *,oxoInsurance 0.00 0.00 0.00 uuo 501003-12 Payroll Benefits Health Reimbursement 0.00 0.00 0.00 0.00 501003-13 Payroll Benefits - Dental Insurance 0.00 0.00 0.00 0.00 501003'14 Payroll Benefits 'w,/vnInsurance 0.00 uuo 0.00 ouo 501003-15 Payroll Benefits ' Standard ' Life /Aouu 0.00 0.00 o/m oum 501003-16 Payroll Benefits ' Cigna 'um/xoau ouo 0,00 0.00 0.00 501003'17 Payroll Benefits 'oenona,ntLife ouo 0.00 ouo 0.00 501003-18 Payroll Benefits ' Long Term Disability uuo 0.00 ouo 0.00 501003'19 Payroll Benefits ' Unemployment Insurance uuu uuo ouo ouo 501003-20 Payroll Benefits 'wmmnmns;Comp 0,00 0.00 0.00 0.00 501003'21 Payroll Benefits ' Taxable life 0.00 uuu 0.00 0.00 mzoo* Training/ Registrations 5,936.36 zu000/m 10,000»0 u\000.00 501005 Travel m Meeting Expenses 38,792.76 50,000.00 35,000.00 35,0D0.()0 pox' Purchased Services suzuoz Legal Fees Special Counsel 500.00 0.00 0.00 0.00 502002 Consultant uuo 0.00 noo u.m 502003 cn",mct Service 45'821s9 80,000,00 55'000u0 55,o00.00 502004 n"/enm,ne 5'269.81 r'oou.on r'ul 7,000.00 10-06-14TC Packet 73 ----- , .,_ _15- ...... u.uv u.uu D.uu 0.00 502008 -01 Repairs - Equipment 60.00 1,000.00 1,000.00 1,000.00 502009-01 Mailing - Postage 1,872.00 9,000.00 9,000.00 9,000.00 502010-03 Utilities - Electric 376.50 300.00 600.00 600.00 502013 -01 Leased Equipment- Copier 0.00 0.00 9,000.00 10,000.00 502017 Audit 4,062.00 4,184.00 4,184.00 4,309.00 6 OM - Operating & Maintenance _ 503001 -02 _._ Advertising -Jobs 2,66664_ 0.00 30,000.00 0.00 -___ 503002 Dues, Memberships, Subscriptions 3,187.00 3,000.00 3,000.00 3,000.00 503003 Miscellaneous 7,779.27 12,000.00 19,000.00 12,000.00 503005 -01 Supplies - Office 5,251.43 8,000.00 8,000.00 81000.00 503005 -30 Supplies - Events 7,042.89 15,000.00 15,000.00 15,000.00 503006 Equipment 0.00 0.00 0.00 0,00 503007 -01 Building Lease Payments - Rent 72,182.04 75,000.00 67,000.00 68,000.00 503007 -02 Building Lease Payments - CAMS 0.00 0.00 8,500.00 8,500.00 503008 -01 Insurance - Building 165.10 175.00 168.00 185.00 503008.02 Insurance - Vehicle 51.24 50.00 50.00 50.00 503009 -01 Vehicle Expenses - Fuel 664.54 1,100.00 800.00 850.00 503009 -02 Vehicle Expenses - Oil 2.68 0.00 50.00 53.00 503009 -03 Vehicle Expenses - Parts & Supplies 0.00 1,000.00 1,000.00 1,000.00 503009.04 Vehicle Expenses - Equipment 0.00 0.00 0.00 0.00 503009 -06 Vehicle Expenses - Labor 1,360.00 3,000.00 2,100.00 2,100.00 503027 Office Equipment 3,109.98 2,000.00 2,000.00 2,000.00 550008 Sponsorship Tool 4,593.22 10,000.00 10,000.00 10,000.00 MKT - Marketing 550001 Airline Support 0.00 0.00 0.00 0,00 550001 -01 Airline Support - Delta 0.00 100,000.00 100,000.00 0.00 550002 Signage 21,530.27 10,000.00 10,000.00 15,000.00 550003 Premiums 30,752.04 35,000.00 35,000.00 35,000.00 550004 -01 Summer Marketing - Collateral 0.00 0.00 73,009.00 78,359.00 550004 -02 Summer Marketing - Advertising 748,563.87 800,000.00 692,757.00 651,788.00 550004-03 Summer Marketing - Photography 0.00 30,000.00 65,000.00 35,000.00 550005 -01 Winter Marketing - Collateral 64,227.44 0.00 80,000.00 89,297.00 550005-02 Winter Marketing - Advertising 622,676.32 700,000.00 575,000.00 541,053.00 550005 -03 Winter Marketing - Photography 30,040.41 30,000.00 60,000.00 35,000.00 550006-01 Online - Web Design & Maintenance 510.00 0.00 40,000,00 40,000.00 550006 -02 Online - Social Media 0.00 0.00 46,800.00 30,000.00 550006 -03 Online - Search Engine Optimazation & Marketing 3,562.50 0.00 23,700.00 40,000.00 550006-04 Online - E -mail 295.00 0.00 2,900.00 10,000.00 550006 -05 Online - Miscellaneous 108,185.63 120,000.00 6,600.00 10,000.00 550007 RRC Occupancy 20,940.00 21,000.00 21,000.00 21,000.00 550008 Sponsorship Tool 4,593.22 10,000.00 10,000.00 10,000.00 550009 Competitive Analysis 21,000.00 0.00 0.00 0.00 550013 Research Survey 0.00 20,000.00 20,000.00 0.00 550017 One Time Expenses 0.00 0100 0.00 60,000.00 SE - Special Events 10 -06 -14 TC Packet 74 �I�1 :1 111 11 1 111 11 1 111 11 1 1 '; 1 • ♦.` ,.. •.. « ...., . .: : .. '. '. ! .: t 1 1 1 1 11 1.1 ' l 1 KIT, 1 1 1 d . iii it 1 1 1 1 1 1 �i I i I -I i -t • 111 11 111 II 11 111 11 .111 .: 1 11 1 11/ 11 1 11 1 1/1 11 10 -06 -14 TC Packet 75 DESCRIPTION CARRYOVER TOWN OF SNOWMASS VILLAGE GROUP SALES BUDGET 2013 Actual $1,012,294.34 REVENUES $1,548,072.01 EXPENDITURES ($1,454,989.81 NET REVENUES /EXP $93,082:27 ENDING BALANCE $1,105,376.61 Appropriation from 2013 Year End Carryover Actual RESERVE (10% of Revenues) $154,807.21 Events Lawn $25,000.00 UNAPPROPRIATED RESERVE $925,569.40 Year End Appropriation $1,105,376.61 2014 Budget 2014 REVISED $ VARIANCE_ $874,464.34 $1,583,001.00 Z ($1,975,921.00) ($392,920:00) $1,105,376.61 $1,606,743.00 ($2,018,153.001 ($411,410.00) $230,912.27 $23,742.00 ($42,232.001 ($161490.00) $481,544.34 $693,966.61 $212,422.27 2014 Budget 2014 REVISED $ VARIANCE $158,300.10 $0.00 $323,244.24 $160,674.30 $0.00 $533,292.31 $2,374.20 $0.00 $210,048.07 $481,544.34 $693,966.61 $212,422.27 10 -06 -14 TC Packet 76 2015 PROPOSED $693,966.61 $1,623,325.00 ($1,76, 7.205.00) ($143,880:00)' $550,086.61 2015 PROPOSED $162,332.50 $0.00 $387,754.11 $550,086.61 Fund: 010 - Group Sales Fund Revenues TAX - Taxes 401003 -04 SalesTaxes - Lodging 1,531,740.28 1,555,461.00 1,555,461.00 1,602,125,00 4 MISC - Miscellaneous 407001 Interest Income 1,639.10 1,540.00 1,282.00 1,200.00 407002 _ _Penalty &Interest _ - - _113.20_ 0.00 0.00 0.00 407003 Miscellaneous Income 350.00 0.00 0.00 0.00 407018 -01 Co-op Reimbursement 3,552.57 10,000.00 25,000.00 10,000.00 407056 Support for Groups 10,676.93 16,000.00 25,000.00 10,000.00 Expenditures PER - Personnel Services 501001 -01 Payroll - Regular 498,672.90 641,570.00 614,510.00 662,483.00 501001 -08 Payroll - Bonus 11,802,50 0.00 0.00 0.00 501002 -01 Payroll Overtime Regular 54,538.47 35,000.00 40,000.00 40,000.00 501003 Payroll Benefits 207,603.84 259,797.00 230,490.00 274,417.00 501003 -01 Payroll Benefits - Recreation Benefit 600.00 0.00 0.00 0,00 501003 -D4 Payroll Benefits - Housing Allowance 0.00 0.00 0.00 0.00 501003 -06 Payroll Benefits - Retirement 0.00 0.00 0.00 0.00 501003 -08 Payroll Benefits - Medicare 0.00 0.00 0.00 0.00 501003 -09 Payroll Benefits - Fica 0.00 0.00 0.00 0.00 501003 -10 Payroll Benefits - Health Insurance 0.00 0.00 0.00 0.00 501003 -11 Payroll Benefits - Seasonal Health Insurance 0.00 0.00 0.00 0.00 501003 -12 Payroll Benefits - Health Reimbursement 0.00 0.00 0.00 0.00 501003 -13 Payroll Benefits - Dental Insurance 0.00 0.00 0.00 0.00 501003 -14 Payroll Benefits - Vision Insurance 0.00 0.00 0.00 0.00 501003 -15 Payroll Benefits - Standard - Life / AD& D 0.00 0.00 0.00 0.00 501003 -16 Payroll Benefits - Cigna - Ufe /AD &D 0.00 0.00 0.00 0.00 501003 -17 Payroll Benefits - Dependant Life 0.00 0.00 0.00 0.00 501003 -18 Payroll Benefits - Long Term Disability 0.00 0.00 0.00 0.00 501003 -19 Payroll Benefits - Unemployment Insurance 0.00 0.00 0.00 0.00 501003 -20 Payroll Benefits - Workmans Comp 0.00 0.00 0.00 0.00 501003 -21 Payroll Benefits - Taxable Life 0.00 0.00 0.00 0.00 501004 Training/ Registrations 80.00 1,000.00 1,000,00 11000.00 501005 Travel & Meeting Expenses 85,986.24 120,000.00 105,000,00 105,000,00 PUR - Purchased Services 502001 Legal Fees Special Counsel 0.00 0.00 0.00 0.00 502002 Consultant 0.00 0.00 0.00 0,00 502003 Contract Service 46,249.51 65,000.00 65,000.00 65,000.00 502004 Telephone 6,579.72 7,500.00 7,500.00 7,500.00 502007 -01 Maintenance Agreements - Copier 0.00 0.00 0.00 0,00 502008 -01 Repairs - Equipment 0.00 1,000.00 1,000.00 1,000.00 502009 -01 Mailing - Postage 8,184.40 10,000.00 2,500.00 2,500.00 502009 -03 Malting- Tradeshows 1,353.00 0.00 7,500.00 7,500.00 502010-03 Utilities - Electric 0.00 0.00 0.00 0.00 502013 -01 Leased Equipment - Copier 7,254.19 6,500.00 6,500.00 71000.00 502017 Audit 2,043.00 2,125,00 2,125.00 2,189.00 10 -06 -14 TIC Packet 77 OM - Operating & Maintenance 503001 -02 Advertising - lobs 858.38 0.00 0.00 0,00 503002 Dues, Memberships, Subscriptions 4,425.88 10,000.00 10,000.00 101000.00 503003 Miscellaneous 11,798.76 15,000.00 15,000.00 15,000.00 503005 -01 Supplies - Office 2,354.49 3,600.00 3,600.00 4,000.00 503007 -01 Building Lease Payments- Rent 58,401.00 60,829.00 59,076.00 60,616.00 503007 -02 Building Lease Payments - CAMS 0.00 0.00 0.00 0.00 503008 -01 Insurance - Building 0.00 0.00 0.00 0,00 503008-02_ _ Insurance -Vehicle 0.00 _ _ __ 0.00 0.00 0.00 503009 -01 Vehicle Expenses - Fuel 0.00 0.00 0.00 0,00 503009 -02 Vehicle Expenses - OII 0.00 0.00 0.00 0.00 503009 -03 Vehicle Expenses - Parts & Supplies 0.00 0.00 0.00 0.00 503009 -04 Vehicle Expenses - Equipment 0.00 0.00 0.00 0.00 503009 -06 Vehicle Expenses - Labor 0.00 0.00 0.00 0.00 503027 Office Equipment 2,597.00 2,000.00 2,000.00 2,000,00 e ou : a ti o ° pa iii ttg � me en 49 2 , 0 CAP - Capital 507001 -20 Cash Purchases - Other 0.00 0.00 0.00 0,00 to ae c ttw ' A a # NNEMENN MKT - Marketing 550001 Airline Support 0.00 0.00 0.00 0,00 550001 -01 Airline Support - Delta 0.00 50,000.00 50,000.00 0.00 550009 Competitive Analysis 21,000.00 0.00 0.00 0,00 550013 Research Survey 0.00 0.00 0.00 0.00 550014-01 Marketing- Collateral 16,412.57 20,000.00 35,000.00 20,000,00 550014 -02 Marketing - Industry Print Ads 24,124.00 40,000.00 20,000.00 20,000.00 550014 -03 Marketing - Online 10,650.00 40,000.00 10,000.00 10,000.00 550015 -01 Direct Sales - Tradeshows 76,393.46 90,000.00 105,000.00 85,000.00 550015 -02 Direct Sales- Client Amenities /Premiums 22,441.83 20,000.00 40,000.00 30,000.00 550015-03 Direct Sales - Client Entertainment 57,226.21 65,000.00 65,000.00 65,000.00 550015 -04 Direct Sales - FAM 117,192.08 135,000.00 155,000.00 90,000.00 550016 Support for Groups 98,166.38 150,D00.00 2DD,000.00 180,000.00 550017 One Time Expenses 0100 125,000.00 165,352.00 0,00 9s c o oral n 0 g 10 -06 -14 TIC Packet _ 78 TOWN OF SNOWMASS VILLAGE REOP FUND BUDGET SUMMARY 2013 DESCRIPTION Actual CARRYOVER $ 21,909.40 REVENUES $11,190.49 EXPENDITURES ($5,000.00 Trnfr -Cap Proj- Entryway $0.00 ENDING BALANCE $28,099.89 2014 BUDGET 2014 REVISED $ VARIANCE $21,939.40 $5,028.00 ($5,000.00) $0.00 $28,099.89 $15,533.00 ($16,159.00) $0.00 $6,160.49 $10,505.00 ($11,159.00) $0.00 $21,967.40 $27,473.89 $5,506.49 10 -06 -14 TC Packet 79 2015 PROPOSED $ 27,473.89 $5,024.00 ($5,000.00) $0.00 $27,497.89 Fund: 011- Renewable Energy Offset Revenues CS - Charges for Service 404071 Renewable Energy Offset 11,159.00 5,000.00 15,504.00 5,000.00 MISC -Miscellaneous 407001 10 -06 -14 TIC Packet 80 2013 DESCRIPTION ACTUAL CARRYOVER $3,936.10 REVENUES $1,079,879.45 EXPENDITURES ($1,078,087.50 ENDING BALANCE $5,728.05 TOWN OF SNOWMASS VILLAGE DEBT SERVICE FUND BUDGET SUMMARY 2014 _BUDGET_ -_ -- 2014 REVISED _ $ VARIANCE_- $3,936.10 $1,084,450.00 ($1,084,450.00) $5,728.05 $1,084,450.00 ($1,084,450.00) $1,791.95 $0.00 $0.00 $3,936.10 $5,728.05 $1,791.95 10 -06 -14 TC Packet 81 2015 PRoflOSED $5,728.05 $1,080,775.00 ($1,080,775.00) $5,728.05 Fund: 050 - Debt Service Funds Revenues TAX - Taxes 401001 -01 Property Taxes - Current Taxes 1,079,879.45 1,084,450.00 1,084,450.00 1,080,775.00 MISC - Miscellaneous 407001 Interest Income 0.00 0.00 0.00 0,00 _. - 407003 - -_ -Miscellaneous Income _ _ _ __- _ -- _ ___- 0.00 -- - _0.00 0.00 - 0.00____ BP - Bond Proceeds 413001 Proceeds From Bond issue 0.00 0.00 0.00 0.00 Expenditures WE NO Oil DEBT- Debt Expense 520001 Bond Principal 0.00 0.00 0.00 0.00 520001 -01 Bond Principal - Operations Facility 0.00 0.00 0.00 0.00 520001 -02 Bond Principal - Road 0.00 0.00 0.00 0.00 520001 -03 Bond Principal - Droste 415,000.00 430,000.00 430,000.00 440,000.00 520001 -04 Bond Principal - Rodeo 0.00 0.00 0.00 0.00 520001 -05 Bond Principal - Pool 180,000.00 190,000.00 190,000.00 200,000.00 520001 -06 Bond Principal - Recreation Center 150,000.00 155,000.00 155,000.00 165,000.00 520002 Bond Interest 0.00 0.00 0.00 0.00 520002.01 Bond Interest - Operations Facility 0.00 0.00 0.00 0.00 520002 -02 Bond Interest - Road 0.00 0.00 0.00 0.00 520002 -03 BondInterest - Droste 133,475.00 123,100.00 123,100.00 105,900.00 520002 -04 Bond Interest- Rodeo 0.00 0.00 0.00 0.00 520002 -05 Bond Interest - Pool 58,250.00 49,250.00 49,250.00 39,750.00 520002 -06 BondInterest - Recreation Center 140,662.50 134,100.00 134,100.00 127,125.00 520003 Bond Bank Fees 0.00 0.00 0.00 0.00 520003-01 Bond Bank Fees - Operations Facility 0.00 0.00 0100 0.00 520003 -02 Bond Bank Fees - Road 0.00 0.00 0.00 0.00 520003 -03 Bond Bank Fees - Droste 250.00 1,000.00 1,000.00 1,000.00 520003 -04 Bond Bank Fees - Rodeo 0.00 0.00 0.00 0.00 520003 -05 Bond Bank Fees- Pool 300.00 1,000.00 1,000.00 1,000.00 520003 -06 Bond Bank Fees - Recreation Center 150.00 1,000.00 1,000.00 1,000.00 520004 Cost of Issuance 0.00 0.00 0.00 0.00 52DO04 -01 Cost of Issuance - Underwriters Discount 0.00 0.00 0.00 0.00 10 -06 -14 TIC Packet _ _ . _. 82 TOWN OF IMPROVEMENT CAPITAL PROGRAM BUDGET SliffLAARY-- 2013 2014 DESCRIPTION ACTUAL BUb6ET CARRYOVER $0.00 $0.00 2014 $ 2015 REVISED VARIANCE PROPOSED $0.00 ($0.00) $0.00 REVENUES $0.00 $0.00 $0.00 $0.00 $0.00 EXPENDITURES $0.00 $0.00 $0.00 $0.00 $0.00 Tramfer /RETT $0.00 $0.00 $0.00 $0.00 $0.00 10 -06 -14 TC Packet 83 Fund: 055 - Capital Improvement Program Revenues MISC - Miscellaneous 407003 Miscellaneous Income 0.00 0.00 0.00 0.00 TI - Transfer In From Other Funds 408001 Transfers In General 0.00 0.00 0.00 0,00 408006 __ _- .- -Transfer In Rett___ - 0.00 --0.00 0.00 0.00. 408008 Transfer In Excise 0.00 0.00 0.00 0.00 Expenditures CAP - Capital 507020 Capital Other 0.00 0.00 0.00 0.00 507020 -99 Capital Other- Prior Year Projects 0.00 0.00 0.00 0.00 507021 Capital Projects Hard Costs 0.00 0.00 0.00 0.00 507021 -01 Capital Projects Hard Costs - Development Charges 0.00 0.00 0.00 0.00 507021 -02 Capital Projects Hard Costs - Site Construction 0.00 0.00 0.00 0.00 507021 -03 Capital Projects Hard Costs - Contingency 0.00 0.00 0.00 0.00 507022 Capital Projects Soft Costs 0.00 0.00 0.00 0.00 507022.01 Capital Projects Soft Costs - Consultants 0.00 0.00 0.00 0.00 507022 -02 Capital Projects Soft Costs - Other Costs RO1 0.00 0.00 0.00 0,00 507022 -03 Capital Projects Soft Costs - Owners Rep 0.00 0.00 0.00 0.00 507022 -04 Capital Projects Soft Costs - Miscellaneous 0.00 0.00 0.00 0.00 oa G as o a e Ge ;00 0 00 0 0 10 -06 -14 TIC Packet 84 HOUSING DEPARTMENT BUDGET SUMMARY 2013 ACTUAL BEGINNING FUNDS AVAILABLE BALANCE $1,034,327.0 OPERATING REVENUE $1,285,412.0 OPERATING /CAPITAL EXPENDITURES ($585,379.0 DEBT SERVICE ($548,400.0 NET OPERATING REVENUE/EXPENDITURE $151,633.0 CAPITAL RESERVES USED ($29144.0( TRANSFER OUT TO MOUNTAIN VIEW- 2013 /6EN'L FUND -2015 ($10,000.0 $1,091,319.00 2013 OTHER NET OPERATING REVENVE/EXPENDITURE ($39,144.0( BOND RESERVE FUND $ 300,000.00 YEAR END FUNDS AVAILABLE BALANCE $1,146,816.00 HOUSING DEPARTMENT 2014 REVISED VARIANCE FUNDS AVAILABLE SUMMARY $1,091,319.00 2013 DESCRIPTION ACTUAL BOND RESERVE FUND $ 300,000.00 CAPITAL RESERVE FUND $335,059.00 EMERGENCY /CONTINGENCY FUND $0.00 UNAPPROPRIATED FUNDS $511,757.00 ($31,808.00) ($31,808.00) ENDING FUNDS AVAILABLE $1,146,816.00 10 -06 -14 TC Packet 85 2014 BUDGET 2014 REVISED VARIANCE $1,091,319.00 $2,146,816.00 $55,497.00 $1,289,160.00 ($694,251.00) ($550,800.00) $1,292,046.00 ($706,872.DO) ($550,800.00) $2,886.00 ($12,621.00) $0.00 $44,109.00 $34,374.00 ($9,735.00) ($31,808.00) $0.00 ($31,808.00) $0.00 $0.00 $0.00 ($31,808.00) ($31,808.00) $0.00 $1,103,620.00 $1,149,382.00 $45,762.00 2014 BUDGET 2014 REVISED VARIANCE $0.00 $346,036.00 $0.00 $757,584.00 $0.00 $329,020.00 $206,727.36 $613,634.64 $0.00 ($17,016.00) $206,727.36 ($143,949.36) $1,103,620.00 $1,149,382.00 $45,762.00 2015 PROPOSED $1,149,382.00 $1,314,800.00 ($723,735.00) $0.00 $591,065.00 ($10,560.00) ($500,000.00) ($510,560.00) $1,229,887.00 2015 PROPOSED $0.00 $345,979.00 $210,368.00 $673,540.00 $1.229,887.00 HOUSING RESERVE FUND REQVIREMENTS 2015 AMOUNT DATE VALUE RESERVE RESERVE CASH RESERVE RESERV BALANCE CONTRIBUTION OUTLAY USED BALANC BOILERS 2015 2015 2015 2015 RESERVE Brush Creek -3 $24,000 2028 CONTRIBUTION $9,600 $960 $0 $0 $10,56 Brush Creek -1 $13,000 2032 $0 $650 $650 $0 $0 $1,30 Villas North -4 $44,000 2033 $0 $0 $2,200 $0 $0 $2,20 ASPHALT OVERLAY $2.640 $10,560 $0 $0 $0 $0 $0 $1,833 B.C: PAL,-- CREEKSIOE $45,021 2027 $0 $20,157 $1,776 $0 $0 $21,93 Villas North $31,245 2021 $0 $14,581 $2,083 $0 $0 $16,66 LAUNDRY. EQUIPMENT $630 $0 $0 $28,710 _.. $0 $0 $76,195 Palisades $14,000 2015 $800.00 $7,920 $2,640 $0 $0 $10,56, Palisades $15,500 2020 $500.00 $0 $0 $0 $0 $ Villas North $10,998 2018 $5C0.D0 $1,833 $1.833 $0 $0 $3,66, Villas North $12,100 2023 $500.00 $0 $0 $0 $0 $ LAWN TRACTOR $0 $0 $2,057 $D $0 $0 $10�$345,979 134 $27,519 Replacement /Kawasaki Muk $17,000 2018 $600.00 $8,500 $1,700 $0 $0 $10,201 Replacement /Kawasaki Muk: $18,725 2025 $600.00 $0 $0 $0 $0 $1 Replacement /tractor $22,190 2021 $800.00 $4,438 $2,219 $0 $0 $6,65' ROOFS Brush creek $40,050 2033 $27,450 $630 $0 $0 $28,08( Creekside $97,275 2032 $73,715 $1,240 $0 $0 $74,95! Palisodes $50,000 2033 $33,680 $816 $0 $0 $34,491 Villas North $75,000 2034 $44,515 $1,525 $0 $0 $46,04( VEHICLE REPLACEMENT #1022011 F350 $48,000 2021 $6,000.00 $17,670 $4,200 $0 $0 $21,87( #1012004 F -350 $39,803 2014 $4,800.00 $31,808 $0 $3,195 $31,808 $( Replacement $49,900 2024 $6,000.00 $0 $0 $0 $0 $( SKID LOADER REPLACEMENT RePlace -rt /trade in $6,000 2014 $28,000.00 $0 $0 $6,000 $0 $( Replace=.t/irade in $3,400 2015 $28,000.00 $0 $0 $0 $0 $( WATER HEATERS Replacement(4) $12,024 2031 $6,406 $312 $0 $0 $6,72( Replacem.t(103 -All Units) $32,073 2031 $20,643 $635 $0 $0 $21,272 Palisades laundry venter heater $4,507 2022 $1,357 $350 $0 $0 $1,707 APT.INT. REMODEL FUND $10,134 $0 $0 $0 $10,134 GRAND TOTAL $335,059 $25,769 39,195 $31,808 $329,020 10 -06 -14 TC Packet 86 2015 2015 2015 2015 RESERVE CASH RESERVE RESERVE CONTRIBUTION OUTLAY USED BALANCE $960 $0 $0 $11,520 $650 $0 $0 $1,950 $2.200 $0 $0 $4,400 $1,776 $0 $0 $23.709 $2,083 $0 $0 $18,747 $0 $2.640 $10,560 $0 $0 $0 $0 $0 $1,833 $0 $0 $5,499 $0 $0 $0 $0 $1,700 $0 $0 $11,900 $0 $0 $0 $0 $2,219 $0 $0 $8,876 $630 $0 $0 $28,710 $1,240 $0 $0 $76,195 $816 $0 $0 $35312 $1,525 $0 $0 $47,565 $4,200 $0 $0 $26,070 $0 $0 $0 $0 $4,390 $0 $0 $4,390 $0 $0 $0 $0 $0 $3,400 $0 $0 $312 $0 $0 $7,032 $635 $0 $0 $21,913 $350 $0 $0 $2,057 $D $0 $0 $10�$345,979 134 $27,519 $6,040 $10,560 HOUSING RENT STRUCTURE 2015 PROJECT CREEKSIDE tf UNITS 2014 MONTHLY RENTS 2014 ANNUAL INCOME 2014 % INCR. 2015 MONTHLY RENTS 2015 ANNUAL INCOME 2015 % INCR. 28/26 4 $ 1,015 $ 49,374 2.01% $ 1,035 $ 49,680 1.97% 18/18 1 $ 735 $ 13,396 2.08% $ 750 $ 9,000 2.04% RENOVATED UNITS 2B/26 26 $ 1,100 $ 342,241 1.85% $ 1,120 $ 349,440 1.82% 18/18 14 $ 800 $ 129,316 1.91% $ 815 $ 136,920 1.88 ANNUAL TOTAL $ 534,327 $ 545,040 PALISADES 28/18 2 $ 995 $ 23,880 2.05% $ 1,015 $ 24,360 2.01% STUDIOS 16 $ 555 $ 106,560 1.83% $ 565 $ 108,480 1.80% RENOVATED UNITS 28/28 8 $ 1,080 $ 103,680 1.89% $ 1,100 $ 105,600 1.85% ANNUAL TOTAL $ 234,120 $ 238,440 BRUSH CREEK 18/18 3 $ 630 $ 22,680 1.61% $ 640 $ 23,040 1.59% STUDIO/LFT 12 $ 560 $ 80,640 1.82% $ 570 $ 82,080 1.79% STUDIOS 10 $ 480 $ 57,600 2.13% $ 490 $ 58,800 2.08% SM.STUDIO 1 $ 415 $ 4,980 1.22% $ 420 $ 5,040 1.20% ANNUAL TOTAL $ 165,900 $ 168,960 VILLAS NORTH 28118 8 $ 1,065 $ 102,240 1.91% $ 1,085 $ 104,160 1.88% 18/18 8 $ 825 $ 79,200 1.85% $ 840 $ 80,640 1.82% STUDIOS 10 $ 620 $ 74,400 1.64% $ 630 $ 75,600 1.61% 28128 5 $ 1,220 $ 73,200 1.67% $ 1,240 $ 74,400 1.64% 28(Maint.) 1 $ 675 $ 8,100 $ 695 $ 8,340 ANNUAL TOTAL $ 337,140 $ 343,140 TOTAL RENT $ 1,271,487 $ 1,295,580 10 -06 -14 TC Packet 87 Fund: 060 - Housing Fund Revenues MISC - Miscellaneous 407001 Interest Income 1,583.17 1,680.00 1,366.00 1,320.00 407003 Miscellaneous income 11,774.00 1,000.00 800.00 900.00 407050 Labor Material Supplies 1,881.55 700.00 1,100.00 1,000.00 407051 Late Fees 2,521.50 1,000.00 950.00 1,000.00 407052 Laundry 13, 090.86 12,600.00 13,000.00 13,000.00 _ 407053 __-Application fees _ 3,390.00 -- _1:100.00 -- _1,600.00 1,500.00- 407054 Resale Fees 6,000.00 3,000.00 3,500.00 3,000.00 407055 Parking Fees 1,250,00 1,200.00 1,000.00 1,000.00 TI - Transfer In From Other Funds 408001 Transfers In General 0.00 0.00 0.00 0.00 408061 Transfer In Mountain View 0.00 0.00 0.00 0.00 t RI - Rental Income 411001 -01 Rent - Brush Creek 162,370.58 165,900.00 165,625.00 168,960.00 411001 -02 Rent - Creekside 521,610.96 533,340.00 532,790.00 545,040.00 411001 -03 Rent - Palisades 229,367.14 234,000.00 233,725.00 238,440.00 411001 -04 Rent - Villas North 330,572.34 337,140.00 336,590.00 343,140.00 411001 -05 Rent - Vacancy Factor 0.00 (3,500.00) 0.00 (3,500.00) 8 t n Expenditures PER - Personnel Services 501001 -01 Payroll - Regular 182,423.99 191,737,00 208,776.00 220,023.00 501001 -05 Payroll - Receptionist 39,177.04 41,297.00 38,456.00 43,005.00 501001 -06 Payroll - Snowremoval 5,120.00 5,500.00 5,728.00 5,617.00 501001 -07 Payroll - Groundskeeper 8,863.59 9,615.00 9,851.00 10,293,00 501002 -01 Payroll Overtime Regular 1,536.42 2,000.00 1,557.00 2,000.00 501003 Payroll Benefits 122,406.81 141,386.00 143,469.00 180,627.00 501003 -01 Payroll Benefits - Recreation Benefit 0.00 0.00 0.00 0,00 501003 -06 Payroll Benefits - Retirement 0.00 0.00 0.00 0,00 501003 -08 Payroll Benefits - Medicare 0.00 0.00 0.00 0,00 501003 -09 Payroll Benefits - Fica 0.00 0.00 0.00 0.00 501003 -10 Payroll Benefits - Health Insurance 0.00 0.00 0.00 0.00 501003 -11 Payroll Benefits - Seasonal Health Insurance 0.00 0.00 0.00 0.00 501003 -12 Payroll Benefits - Health Reimbursement 0.00 0.00 0.00 0,00 501003 -13 Payroll Benefits- Dental Insurance 0.00 0.00 0.00 0.00 501003 -14 Payroll Benefits - Vision Insurance 0.00 0.00 0100 0,00 501003 -15 Payroll Benefits - Standard - Life /AD &0 0100 0.00 0.00 0.00 501003 -16 Payroll Benefits - Cigna - Life /AD &D 0.00 0.00 0.00 0.00 501003 -17 Payroll Benefits - Dependant Life 0.00 0.00 0.00 0,00 501003 -18 Payroll Benefits - Long Term Disability 0.00 0.00 0.00 0.00 501003.19 Payroll Benefits - Unemployment Insurance 0,00 0.00 0.00 0.00 501003 -20 Payroll Benefits - Workmans Comp 0.00 0.00 0.00 0.00 501003 -21 Payroll Benefits - Taxable Life 0.00 0.00 0.00 0.00 501004 Training/ Registrations 229.90 600.00 600.00 700,00 501005 Travel & Meeting Expenses 431.58 400.00 390.00 400.00 e t B 0 10 -06 -14 TIC Packet 88 502001 Legal Fees Special Counsel 0.00 0.00 0.00 0.00 502003 Contract Service 3,744.35 3,400.00 1,600.00 2,500.00 502003 -04 Contract Service - Fire Extinguisher Maintenance 1,000.00 1,000.00 1,000.00 1,000.00 502003 -05 Contract Service - Backflow Test & Maintenance 1,044.69 1,300.00 1,290.00 1,300.00 502003 -06 Contract Service - Boiler Inspections Cleaning 0.00 500.00 500.00 600.00 502004 Telephone _ - __ 746.68 1,056.00 1,100.00 1;150.00- 502006-01 Building Maintenance - General 23.80 0.00 500.00 500.00 502006 -06 Building Maintenance - Carpet Labor 3,685.00 4,500.00 5,800.00 6,000.00 502006 -07 Building Maintenance - CarpetCleaning 1,759.26 2,100.00 2,075.00 2,100.00 502006 -08 Building Maintenance- Drapery Cleaning 0.00 150.00 140.00 150.00 502006 -09 Building Maintenance - Formica Repairs 280.00 350.00 250.00 350.00 502006 -10 Building Maintenance - Painting 19,709.20 53,000.00 49,000.00 7,000.00 502007 -01 Maintenance Agreements - Copier 0.00 0.00 90.00 90.00 502008 -01 Repairs - Equipment 0100 0.00 0.00 0.00 502008 -02 Repairs - Vehicles 500.00 2,000.00 2,600.00 2,600.00 502008 -03 Repairs - Radios 255.65 300.00 275.00 300.00 502009 -01 Mailing - Postage 30.51 25.00 22.00 25.00 502009 -02 Mailing - Freight & Shipping 0.00 25.00 24.00 25.00 502010 Utilities 0.00 0.00 0.00 0.00 502010-01 Utilities - Water & Sanitation 39,120.83 55,624.00 57,000.00 59,500,00 502010 -02 Utilities - Gas 19,817.77 24,360.00 23,500.00 24,675.00 502010 -03 Utilities - Electric 12,102.44 14,858.00 14,200.00 14,626.00 502010 -04 Utilities -Trash 17,297.58 19,153.00 19,153.00 19,625.00 502013 -01 Leased Equipment- Copier 0.00 0.00 480.00 480.00 502017 Audit 3,745.00 3,857.00 3,857.00 3,973.00 502021 Professional Services 3,013.54 2,800.00 2,180.00 2,230.00 502024 Weed Control 0.00 400.00 380.00 400.00 502028 Bank/Trustee Fees 1,400.00 2,800.00 2,000.00 2,000.00 502029 Accounting & Administrative Fee 12,667.00 13,047.00 13,047,00 13,438.00 f OM - Operating & Maintenance 503001 -02 Advertising -Jobs 0.00 0.00 0.00 0.00 503001 -05 Advertising - Other 2,142.15 3,500.00 3,300.00 3,400.00 503002 Dues, Memberships, Subscriptions 34.23 50.00 44.00 50.00 503003 Miscellaneous 7.99 150.00 1,00D.00 150.00 503004 Printing 150.00 150.00 150.00 175.00 503005 -01 Supplies - Office 506.19 500.00 600.00 650.00 503005 -02 Supplies - Building 1,108.73 1,000.00 950.00 1,000.00 503DO5 -03 Supplies - Cleaning 634.49 800.00 750.00 800.00 503005 -09 Supplies - Tools 533.61 550.00 600.00 600,00 503005 -12 Supplies - Landscaping 384.43 500.00 490.00 500.00 503005 -21 Supplies - Carpet 7,536.67 7,000.00 9,O0O.D0 9,000.00 503005 -22 Supplies - Maintenance 7,574.36 8,500.00 8,475.00 8,500.00 503005 -23 Supplies - Painting 1,915.63 2,000.00 2,200.00 2,100.00 503005 -24 Supplies - Plumbing 706.71 1,000.00 990.00 1,000.00 503005 -25 Supplies - Laundry 111199 175.00 165.00 175.00 503005 -26 Supplies - Appliance Parts 500.04 600.00 590.00 600.00 503005 -27 Supplies - Siding 207.35 400.00 350.00 350.00 503006 Equipment 2,958.76 500.00 1,500.00 $00.00 503008 -01 Insurance - Building 35,426.07 38,971.00 37,195.00 40,914.00 503008-02 Insurance - Vehicle 208.68 230.00 254.00 279,00 503008 -03 Insurance- Other 0.00 0.00 0.00 0.00 503009 -01 Vehicle Expenses - Fuel 3,920.41 4,065.00 3,470.00 3,700.00 503009 -02 Vehicle Expenses - Oil 1.96 0.00 200.00 200.00 10 -06 -14 TIC Packet 89 503009 -03 Vehicle Expenses - Parts & Supplies 2,136.12 2,800.00 2,700.00 2,900.00 503009 -04 Vehicle Expenses - Equipment 963.17 800.00 600.00 800,00 503009.06 Vehicle Expenses - Labor 2,167.52 1,500.00 2,000.00 2,200.00 503012 -01 Public Relations - Tenant Party 607.05 600.00 650.00 700,00 503013 Uniforms 1,264.57 1,300.00 1,295.00 1,300.00 503025 PMH Resale Expenses 250.00 350.00 345.00 350.00 507001 -06 s . 0.00 750.00 400.00 500.00 CAP - Capital 507001 -01 - - _ -Cash Purchases-- Vehicles _ _ __ - 0:00 - 0.00 0.00 0.00 507001 -02 Cash Purchases - Mobile Equipment 975.00 3,475.00 3,474.00 1,500.00 507001 -03 Cash Purchases - Equipment 0.00 0.00 0.00 0.00 507001 -04 Cash Purchases - Office 0.00 0.00 0.00 0.00 507001 -05 CashPurchases - Computer 0.00 0.00 0.00 0.00 507001 -06 Cash Purchases - Land Improvements 0.00 750.00 400.00 500.00 507001 -07 Cash Purchases - Buildings 0.00 1,200.00 600.00 1,000.00 507001 -12 Cash Purchases - Furniture & Fixtures 2,027.44 2,500.00 2,450.00 2,500.00 507001 -20 Cash Purchases - Other 2,534.17 9,195.00 9,195.00 6,040.00 507023 -01 Renovations - Brush Creek 0.00 0.00 0.00 0.00 507023 -02 Renovations - Creekskie 0.00 0.00 0.00 0.00 507023 -03 Renovations - Palisades 0.00 0.00 0.00 0.00 507023 -04 Renovations - Villas North 0.00 0.00 0.00 0,00 507025 Reserves Used 0.00 31,808.00 31,808.00 10,560.00 TRAN -Transfers Out 510001 Transfer Out to General 0.00 0.00 0.00 500,000.00 510061 Transfer Out to Mountain View 10,000.00 0.00 0.00 0,00 510062 Transfer Out to Mountain View II 0.00 0.00 NIMMEMSEEMENOWN 0.00 0,00 DEBT - Debt Expense 520002 Bond Interest 84,293.40 550,800.00 550,800.00 0.00 520003 Bond Bank Fees 0.00 0.00 0.00 0.00 NON - Non Operating 530001 -01 Depreciation - Brush Creek 6,675.08 6,675.00 6,675.00 6,675.00 530001 -02 Depreciation - Creekside 0.00 0.00 0.00 0,01) 530001 -03 Depreciation - Palisades 1,821.60 1,822.00 1,822.00 1,822.00 530001 -04 Depreciation - Villas North 3,365.28 3,365.00 8,331.00 8,331.00 530001 -07 Depredation - Furniture and Fixtures 0.00 0.00 0.00 0,00 530001-08 Depredation - Equipment 18,883.63 15,587.00 20,412.00 20,412,00 530001 -09 Depreciation - Vehicles 5,178.18 7,882.00 5,178.00 5,178.00 530001 -10 Depreciation - Housing Expansion 4,965.60 4,966.00 0.00 0.00 530001 -11 Depredation - Mobile Equipment 2,442.20 0.00 8,020.00 8,020.00 530002 Amortization 0.00 12,042.00 12,042.00 0.00 10 -06 -14 TC Packet 90 MOUNTAIN VIEW BUDGET SUMMARY 2013 ACTUAL BEGINNING FUNDS AVAILABLE $1,729,074.0 OPERATING REVENUES $997,494.9' OPERATING /CAPITAL EXPEND ($380,430.DI DEBT SERVICE ($552,810.01 NET OPERATING REVIEXP $64,254.9; CAPITAL RESERVES USED ($15,055.8: TRANSFER IN FROM HOUSING $10,000.0( CONCRETE PATIO REPLACEMENT & SIDEWALKS ($14,000.0( UNAPPROPRIATED FUNDS $1,153,421.17 YEAR END FUNDS AVAILABLE $1,774,273.11 $1,013,076.00 $26.00 i ($415,033.00) ($416,499.00) MOUNTAIN VIEW FUNDS AVAILABLE SUMMARY ($553,810.00) $0.00 2013 DESCRIPTION ACTUAL BOND RESERVE FUND $528,000.00 CAPITAL RESERVE FUND $92,852.00 EMERGENCY /CONTINGENCY RESERVE $0.00 UNAPPROPRIATED FUNDS $1,153,421.17 ENDING FUNDS AVAILABLE $1,774,273.17 10 -06 -14 TC Packet 91 2014 2014 BUS REVISED VARIANCE 1 $1,754,811.03 $1,774,273.17 §19,462.54 $1.013,050.00 $1,013,076.00 $26.00 i ($415,033.00) ($416,499.00) ($1,466.00) ($553,810.00) ($553,810.00) $0.00 $14,207.00 $42,767.00 ($1,440.00) ($19,000.00) $0.00 $19,000.00 $0.00 $0.00 $0.00 ($45,000.00) ($98,000.00) ($53,000.00) $1,735,018.03 $1,719,040.17 ($15,977.86) 2014 2014 19t D6ET REVISED VARIANCE $528,000.00 $528,000.00 $0.00 $114,209.00 $133,209.00 $19,000.00 $0.00 $162,09216 $162,092.16 $1,092,809.03 $895,739.01 ($197,070.02) $1,735,018.03 $1,719,040.17 ($15,977.86) 2015 PROPOSED $1,719,040.17 $1,028,480.00 ($414,175.00) ($549,010.00) $65,295.00 $0.00 $0.00 $0.00 $1,784,335.17 2015 PROPOSED $528,000,00 $184,066.00 $164,556.80 $907,712.37 $1,784,335.17 MOUNTAIN VIEW DEBT RATIO COVERAGE PER BOND DOCUMENTS DEBT RATIO CALCULATION DEBT SERVICE PAYMENT DEBT COVERAGE RATIO (105%) 2013 2014 2014 ACTUAL BUDGET REVISED $552,810.00 $553,6I0.00 $553,810.00 $27,640.50 $27,690.50 $27,690.50 2015 VARIANCE PROPOSED $0.00 $549,010.00 $0.00 $27,450.50 DEBT COVERAGE CALCULATION OPERATING REVENUES $997,494.97 $1,013,050.00 $1,013,076.00 $26.00 $1,028,480.00 OPERATING /CAPITAL EXPENDITURES ($380,430.00) ($415,033.00) ($416,499.00) ($1,466.00) ($414,175.00) LESS: CAPITAL EXPENDITURES $0.D0 $0.00 $0.00 $0.00 $0.00 DEBT SERVICE PAYMENT ($552,810.00) ($553,8I0.00) ($553,810.00) $0.00 ($549,010.00) OPERATING BALANCE $64,254.97 $44,207.00 $42,767.00 ($1,440.00) $65,295.00 DEBT COVERAGE REQUIRED ($27,640.50) ($27,690.50) ($27,690.50) $0.00 ($27,450.50) BALANCE REMAINING $36,614.47 $16,516.50 $15076.50 ($1,440.00) $37,844.50 10 -06 -14 TC Packet 92 MOUNTAIN VIEW EMPLOYEE HOUSING FUNDING FOR CAPITAL RESERVE DESCRIPTION 2013 2014 2014 2015 ACTUAL BUS' REVISED VARIANCE PROPOSE NET OPERATING REV /EXP $64,254.97 $44,207.00 $42,767.00 ($1,440.00) $65,295,00 TRANSFER IN FROM HOUSING $10,000.00 $0.00 $0.00 $0.00 $0,00 CAPITAL RESERVE CONTRIBUTION ($44,675.00) ($40,357.00) ($40,357.00) _..... _.... $0.00 _ ($50857.00) $t4 438 00 NET OPERATING BALANCE $29,579.97 $3,850.00 $2,410.00 ($1.440.00) 10 -06 -14 TC Packet 93 MOUNTAIN VIEW I RENT STRUCTURE 2015 2014 2014 2014 # MONTHLY ANNUAL % UNIT SIZE UNITS RENTS INCOME INCR. 5TUDIO ONE BED 2 BED 757 5F 2 BED 1008 5F 3 BED 40 $ 590 $ 18 $ 855 $ 8 $ 1,105 $ 21 $ 1,275 $ 5 $ 1,635 $ TOTAL RENT 92 2015 2015 2015 MONTHLY ANNUAL % RENTS INCOME INCR 283,200 1.72% $ 184,680 -1.79-%- $ 106,080 1.84% $ 321,300 1.59% $ 98,100 1.87% $ $ 993,360 10 -06 -14 TC Packet 94 600 $ 288,000 1.69% 870 _$_ 187,920 1.75% 1,125 $ 108,000 1.81% 1,295 $ 326,340 1.57% 1,665 $ 99,900 1.83% $ 1,010,160 MOUNTAIN VIEW I RESERVE FUND REQUIREMENTS 2015 PURCHASE SALVAGE 2013 2014 2014 2014 2014 2015 2015 2015 2035 DESCRIPTION AMOUNT DATE VALUE RESERVE RESERVE CASH 1 RESERVE RESERVE RESERVE CASH RESERVE RESERVE BALANCE CONTRIBUTION OUTLAY USED BALANCE CONTRIBUTION OUTLAY USED BALANCE ASPHALT - $ 19,000 $ § 2,615 $ - Mt. View 700 d 800 BId Lot $34,000 2017 $ 19,000 Mountain View (All Lots) $54,986 2032 $ 5,301 BOILER - § - $ 13,729 Mt. View Commons $10,500 2030 $ 1,050 LAUNDRY EQUIPMENT - b - $ 15,000 RePlacenucnt $21,125 2018 $ 800 $ .....$23.240... ....2023. -$ 800......... PAINTING- EXTERIOR Re -pdint $124,800 2018 $ 20,800 Re -paint $137,280 2024 ROOPS Replaceme�rt $250,000 2032 $ 12,500 VEHICLE REPLACEMENT #102 2011 F350 $48,771 2019 $6,500 $ 8,972 #103 2011 F350 $48,774 2019 $5.000 $ 12,729 WATER HEATER REPLACEMENT Rglo e " t $37,500 2023 $ 12,500 GRAND TOTAL S 92 852 $ - $ - $ 19,000 $ § 2,615 $ - $ 7,916 $ $ 525 $ - $ - $ 1,575 $ $ 2,225 $ $ - $ 2,225 $ $ 10.800 $ - $ - $ 31.600 2,615 $ $ - $ 10,531 $ 12,500 S - § - $ 25,000 $ 4,757 § - § - $ 13,729 $ 4,435 $ - § - $ 17,164 $ 2,500 $ - b - $ 15,000 10 -06 -14 TC Packet 95 500 $ - $ - $ 19.500 2,615 $ $ - $ 10,531 525 $ - $ - $ 2,100 2,225 b - $ - $ 4,450 $ 20.800 $ - $ $ 52,400 $ 12,500 $ - $ - $ 37,500 $ 4,757 $ $ - $ 18,486 $ 4,435 $ - $ - $ 21,599 $ 2.500 $ - $ - $ 17,500 Fund: 061- Mountain View Fund Revenues MISC - Miscellaneous 407001 Interest Income 1,915.78 2,240.00 1,366.00 1,320.00 407003 Miscellaneous Income 100.30 1,000.00 800.00 800,00 407050 Labor Material Supplies 2,159.50 1,200.00 1,300.00 1,200,00 407051 Late Fees 2,555.90 1,700.00 1,550.00 1,600.00 407052 Laundry 15,913.25 13,750.00 14,200.00 14,200.00 407054 "" - - Resale Fees _ ___ __ 1,500.00 2,000.00 1,000.00 1,000.00 407055 Parking Fees 700.00 600.00 1,200.00 1,000.00 TI - Transfer In From Other Funds 408001 Transfers In General 0.00 0.00 0.00 0,00 408060 Transfer In Housing 10,000.00 0.00 0.00 0,00 RI - Rental Income 411001 -05 Rent - Vacancy Factor 0.00 (2,800.00) 0.00 (2,800.00) 411001 -06 Rent - Mountain View 972,650.24 993,360.00 991,660.00 1,010,160.00 a b NO - Non -Operating 412001 Amortization Bond Premium 4,428.24 4,428.00 4,428.00 4,428.00 BP - Bond Proceeds 413001 Proceeds From Bond Issue 0.00 0.00 0.00 0,00 Expenditures PER - Personnel Services 501001 -01 Payroll - Regular 94,897.58 101,274.00 93,742.00 87,401.00 501001 -05 Payroll - Receptionist 39,162.25 41,297.00 38,456.00 43,005.00 501001 -06 Payroll - Snowremoval 2,700.00 4,000.00 3,964.00 4,077.00 501001 -07 Payroll - Groundskeeper 8,868.18 9,615.00 9,851.00 10,293.00 501002 -01 Payroll Overtime Regular 3,972.13 1,900.00 1,800.00 1,900.00 501003 Payroll Benefits 87,165.51 89,533.00 100,392.00 98,905.00 501003 -01 Payroll Benefits - Recreation Benefit 0.00 0.00 0.00 0,00 501003 -06 Payroll Benefits - Retirement 0.00 0.00 0.00 0.00 501003 -08 Payroll Benefits - Medicare 0.00 0.00 0.00 0.00 501003 -09 Payroll Benefits - Fica 0.00 0.00 0.00 0.00 501003 -10 Payroll Benefits - Health Insurance 0.00 0.00 0.00 0,00 501003 -11 Payroll Benefits - Seasonal Health Insurance 0.00 0.00 0.00 0,00 501003 -12 Payroll Benefits - Health Reimbursement 0.00 0.00 0.00 0.00 501003 -13 Payroll Benefits - Dental Insurance 0.00 0.00 0.00 0,00 501003 -14 Payroll Benefits - VisionInsurance 0.00 0.00 0.00 0.00 501003 -15 Payroll Benefits - Standard - Life / AD& D 0.00 0.00 0.00 0.00 501003 -16 Payroll Benefits - Cigna - Ufe /AD &D 0.00 0.00 0.00 0,00 501003 -17 Payroll Benefits - Dependant Life 0.00 0.00 0.00 0,00 501003 -18 Payroll Benefits - Long Term Disability 0.00 0.00 0.00 0.00 501003 -19 Payroll Benefits - Unemployment Insurance 0.00 0.00 0.00 0.00 501003 -20 Payroll Benefits- Workmans Comp 0.00 0.00 0.00 0,00 501003 -21 Payroll Benefits - Taxable Life 0.00 0.00 0.00 0.00 10 -06 -14 TIC Packet 96 501005 Travel & Meeting Expenses 279.85 300.00 280.00 300.00 Se PUR - Purchased Services 502001 Legal Fees Special Counsel 0.00 0.00 0.00 0.00 502003 Contract Service 1,253,75 2,000.00 1,500.00 1,800.00 502003 -04 Contract Service - Fire Extinguisher Maintenance 147.00 525.00 400.00 525.00 - - - 502003 -05 -- - Contract Service - BackflowTest &Maintenance 17000.00 1;500.00 1,400.00 - 1,500.00 502003 -06 Contract Service - Boiler Inspections Cleaning 0.00 150.00 150.00 150.00 502004 Telephone 944.93 1,133.00 1,033.00 1,033.00 502006 -01 Building Maintenance -General 0.00 0.00 200.00 200.00 502006-06 Building Maintenance - CarpetLabor 5,455.00 6,500.00 8,500.00 7,000.00 502006-07 Building Maintenance - CarpetCleaning 2,385.00 1,500.00 1,800.00 1,700.00 502006-08 Building Maintenance - Drapery Cleaning 0.00 100.00 90.00 100.00 502006 -09 Building Maintenance - FormicaRepairs 250.00 300.00 250.00 300.00 502006 -10 Building Maintenance- Painting 0100 0.00 0.00 0.00 502007 -01 Maintenance Agreements - Copier 0.00 0.00 90.00 90.00 502008 -01 Repairs - Equipment 0.00 0.00 0.00 0.00 502008 -02 Repairs - Vehicles 0.00 0.00 0.00 0.00 502008 -03 Repairs - Radios 0.00 0.00 0.00 0.00 502009-01 Mailing - Postage 23.65 25.00 20.00 25.00 502009-02 Mailing - Freight &Shipping 0.00 25.00 20.00 25.00 502010 Utilities 0.00 0.00 0.00 0.00 502010.01 Utilities - Water & Sanitation 27,858.02 36,750.00 37,500.00 39,375.00 502010 -02 Utilities - Gas 1,249.97 1,680.00 1,450.00 1,523.00 502010 -03 Utilities - Electric 7,908.73 8,820.00 8,800.00 9,064.00 502010-04 Utilities - Trash 12,181.61 15,750.00 15,300.00 15,759.00 502013 -01 Leased Equipment - Copier 0.00 0.00 480.00 480.00 502017 Audit 2,859.00 2,945.00 2,945.00 3,033.00 502021 Professional Services 1,996.82 1,800.00 1,230.00 1,230.00 502024 Weed Control 0.00 250.00 225.00 250.00 502028 Bank/Trustee Fees 650.00 875.00 750.00 750.00 502029 Accounting & Administrative Fee 12,666.00 13,046.00 13,046.00 13,437,00 rc - al Puc a e e 8 9 OM - Operating & Maintenance 503001 -02 Advertising - lobs 0.00 0.00 0,00 0.00 503001 -05 Advertising - Other 2,480.99 2,500,00 2,300.00 2,400.00 503002 Dues, Memberships, Subscriptions 0.00 45.00 45.00 45.00 503003 Miscellaneous 55.23 150.00 1,200.00 200.00 503004 Printing 184.46 150.00 150.00 150.00 503005.01 Supplies - Office 334.09 350.00 450.00 400,00 503005 -02 Supplies - Building 789.29 800.00 700.00 800,00 503005 -03 Supplies - Cleaning 262.78 600.00 590.00 600.00 503005-09 Supplies - Tools 515.02 500.00 490.00 500.00 503005 -12 Supplies - Landscaping 431.03 375,00 325.00 350,00 503005 -21 Supplies - Carpet 7,725.59 7,500.00 8,500.00 7,500.00 503005 -22 Supplies - Maintenance 7,231.96 7,500.00 7,400.00 7,400.00 503005 -23 Supplies - Painting 1,856.74 1,800.00 2,300.00 1,800.00 503005 -24 Supplies - Plumbing 497.68 600.00 1,000.00 700.00 503005 -25 Supplies - Laundry 319.24 325.00 320.00 325,00 503005 -26 Supplies - Appliance Parts 336.94 400.00 375.00 375.00 503005 -27 Supplies - Siding 61.64 200.00 175.00 175.00 503006 Equipment 142.53 150.00 75.00 100.00 503008 -01 Insurance - Building 27,149.49 29,865.00 28,501.00 31,352A0 10 -06 -14 TC Packet 97 503008-02 Insurance - Vehicle 208.68 230.00 254.00 279.00 503DOB -03 Insurance - Other 0.00 0.00 0.00 0.00 503009 -01 Vehicle Expenses - Fuel 2,371.34 4,000.00 3,470.00 3,644.00 503009 -02 Vehicle Expenses - Oil 0.00 0.00 150.00 150.00 503009 -03 Vehicle Expenses - Parts & Supplies 1,226.50 1,500.00 1,400.00 1,400.00 503009 -04 Vehicle Expenses - Equipment 0.00 0.00 0.00 0.00 503009 -06 Vehicle Expenses - Labor 2,71738 1,500.00 1,490.00 1,500.00 503012 -01 Public Relations - Tenant Party 0.00 0.00 0.00 0.00 503013 Uniforms 800.98 1,000.00 990.00 1,000.00 CAP - Capital 507001 -01 Cash Purchases - Vehicles 0.00 0.00 0.00 0,00 507001 -02 Cash Purchases - Mobile Equipment 0.00 2,500.00 2,500.00 0,00 507001 -03 Cash Purchases- Equipment 0.00 0.00 0.00 0.00 507001 -04 Cash Purchases - Office 0.00 0.00 0.00 0,00 507001 -05 Cash Purchases - Computer 0.00 0.00 0.00 0,00 507001.06 Cash Purchases - Land Improvements 14,000.00 700.00 690.00 700,00 507001 -07 CashPurchases - Buildings 0.00 46,700.00 99,700.00 1,500.00 507001 -12 Cash Purchases - Furniture & Fixtures 2,641.48 3,100.00 2,900.00 3,100.00 507001 -20 Cash Purchases - Other 0.00 1,000.00 0.00 0.00 $07025 Reserves Used 0.00 19,000,00 0.00 0.00 0 O 0 3 9O TRAN - Transfers Out 510001 Transfer Out to General 0.00 0.00 0.00 0,00 510060 Transfer Out to Housing 0.00 0.00 0.00 0.00 510062 Transfer Out to Mountain View 11 O.OD 0.00 0.00 MWENINAIM 0,00 DEBT - Debt Expense 520002 Bond Interest 119,071.71 553,810.00 553,810.00 549,010.00 520003 Bond Bank Fees 0,00 0.00 0.00 0.00 B NON - Non Operating 530001 -05 Depreciation - Mountain View 275,166.96 262,544.00 335,301.00 335,301.00 530001 -07 Depreciation - Furniture and Fixtures 0.00 0.00 0.00 0.00 530001 -08 Depreciation - Equipment 7,947.00 663.00 1,325.00 0,00 530001 -09 Depreciation- Vehicles 10,791.99 10,792.00 10,792.00 10,792.00 530001 -11 Depreciation - Mobile Equipment 0.00 0.00 0.00 0.00 530002 Amortization 24,436.32 34,959.00 24,437.00 24,437.00 a a ii pe, 1 10 -06 -14 TC Packet 98 MOUNTAIN VIEW - PHASE 11 BUDGET SUMMARY 2013 ACTUAL BEGINNIN6 FUNDS AVAILABLE $297,126.2 REVENUES $242,579.31 OPERATING /CAPITAL EXPEND ($66,826.7 DEBT SERVICE ($147,175.01 NET OPERATtt, REV/EXP $28,577.5! CAPITAL RESERVES USED ($36,200.0( BUILDING R SIDEWALK REPAIRS UNAPPROPRIATED FUNDS ($21,049.2! PATIO DECK REPLACEMENT UNAPPROPRIATED FUNDS $0.0( YEAR END FUNDS AVAILABLE BALANCE $268,454.51 MOUNTAIN VIEW - PHASE II FUNDS AVAILABLE SUMMARY 2013 DESCRIPTION ACTU CAPITAL RESERVE FUND $86,345.00 EMERGENCY /CONTINGENCY RESERVE $0.00 UNAPPROPRIATED FUNDS $182,109.58 ENDING FUNDS AVAILABLE $268,454.58 10 -06 -14 TC Packet 99 2014 2014 BUDGET REVISED VARIANCE 1 $259,418.00 $268,454.58 $9,036.58 $244,885.00 $246,795.00 $1,910.00 ($71,542.00) ($73,819.00) ($2,277.00) ($144,050.00) ($144,050.00) $0.00 $29,293.00 $28,926.00 ($367.00) ($1,500.00) $0.00 $1,500.00 $0.00 $0.00 $0.00 ($24,000.00) ($17,000.00) $7,000.00 $263,211.00 $280,380.58 $17,169:58 2014 2014 BUDGET REVUSED VARIANCE $104,966.00 $106,466.00 $1,500.00 $0.00 $39,487.20 $39,487.20 $158,245.00 $134,427.38 ($23,817.62) $263,211.00 $280,380.58 $17,169.58 2015 PROPOSED $280,380.58 $249,542.00 ($72,799.00) ($144,050.00) $32,693.00 ($1,500.00) $0.00 $0.00 $311,573.58 2015 PROPOSED $126,487.00 $39,926.72 $145,159.86 $311,573.58 MOUNTAIN VIEW - PHASE II FUNDING FOR CAPITAL RESERVE DESCRIPTION 2013 ACTUAL NET OPERATING REV /EXP $28,577.59 Capital Reserve Contribution ($9,236.00 NET OPERATING BALANCE $19,341.59 10 -06 -14 TC Packet 100 2014 BUDGET 2014 REVISED VARIANCE $29,293.00 ($20,121.00) $28,926.00 ($20,121.00) ($367.00) $0.00 $9,172.00 $8,805.00 ($367.00) 2015 PROPOSEa $32,693.00 ($21,521.00) $11,172.00 MOUNTAIN VIEW II RENT STRUCTURE 2015 2014 2014 2014 2015 2015 2015 MONTHLY ANNUAL % MONTHLY ANNUAL % UNIT SIZE UNITS RENTS INCOME INCR. RENTS INCOME INCR. STUDIO 18 $ 640 $ - 138;240 1.59% $- _ 650 $ 140,400 1.56 % - ONE BEDROOM 3 $ 910 $ 32,760 1.68% $ 925 $ 33,300 1.65% ONE BEDROOM (Maint.) 1 $ 370 $ 4,440 $ 385 $ 4,620 TWO BEDROOM 4 $ 1,350 $ 64,800 1.50% $ 1,370 $ 65,760 1.48% TOTAL RENT 26 $ 240,240 $ 244,080 10 -06 -14 TC Packet 101 MOUNTAIN VIEW n RESERVE FUND REQUIREMENTS 2015 vn�.nn ru.v aec cuts 2014 2014 2014 2014 AMOUNT DATE VALUE RESERVE RESERVE CASH RESERVE RESERVE BALANCE CONTRIBUTION OUTLAY USED BALANCE ASPHALT 2015 2015- 2015 Mountain View I2 $46,915.00 2017 $ 29,915.00 $ 3,500,00 $ - $ - $ $3,415.0 RePlo.e "t $52,050.00 2032 $ - $ _ $ _ $ 4,500.00 BOILER $ 37,915.00 # Mountain View 11 Laundry $2,100.00 2015 $ 1,500.00 $ - $ - $ - $ 1,500.0 Replacement $2.295.00 2030 $ $ _ $ _ $ _ $ _ Building Boilers $38,000.00 2019 $ 13,500.00 $ 3,750.00 $ - $ - $ 17,250.01 ._LAUNDRY EQUIPMENT _.. _. $ 8,000.00 $ - _... $ 16,000.00 Mountain View II $9,200.00 2013 $ 300.00 $ - $ _ $ _ $ _ $ _ Mountain View II $10,010.00 2019 $ 500.00 $ - $ 1,585.00 $ - $ - $ 1,5B5.0( PAINTING Painting Schedule $35,600.00 2013 $ - $ - $ _ $ _ $ _ Painting Schedule $40,000.00 2018 $ - $ 8,000.00 $ - $ - $ 8,000.0( Painting Schedule $45,000.00 2023 $ - $ - $ - $ - $ - ROOFS Mountain View II $51,288.00 2016 $ 41,430.00 $ 3,286.00 $ - $ - $ 44.716.00 Mountain View II $56,000.00 2036 $ - $ _ $ _ $ _ $ _ GRAND TOTAL $86,345.00 $ 20,121.00 $ - $ - $ 106,466.00 10 -06 -14 TC Packet 102 2015 2015- 2015 2015 RESERVE CASH RESERVE RESERVE CONTRIBUTION OUTLAY USED BALANCE $ 4,500.00 $ 37,915.00 # - # 600.00 $ 1,500.00 $ - $ 4,150.00 $ - $ - $ 21.400.00 $ 1,585.00 $ - $ - $ 3,170.00 $ 8,000.00 $ - $ - $ 16,000.00 b 3,286.00 $ - $ - $ 48,002.00 $ 21,521,00 # 600.00 $ 1,500.00 $ 126,487.00 Fund: 062 - Mountain View II Fund Revenues MISC - Miscellaneous 407001 Interestincome 436.23 420.00 305.00 312.00 407003 Miscellaneous Income 0.00 25.00 700.00 150,00 407050 Labor Material Supplies 532.50 100.00 400.00 400.00 407051 Late Fees 650.00 400.00 500.00 400,00 407052 Laundry 4,741.75 3,900.00 4,500.00 4,400.00 - 407055 - _,.__..Parking Fees_- __ _ __ _ - - - -- 50.00- _ 300.00--- _ - " " -- -- 600:00 300.00 TI - Transfer In From Other Funds 408001 Transfers In General 0.00 0.00 0.00 0.00 408060 Transfer In Housing 0.00 0.00 0.00 0.00 408061 Transfer In Mountain View 0.00 0.00 0.00 ONNIMEW 0.00 RI - Rental Income 411001 -05 Rent - Vacancy Factor 0.00 {500.00 ) 0.GD (soo.00) 411001 -07 Rent - Mountain Mew II 236,168.82 240,240.00 239,790.00 244,080.00 NO - Non - Operating 412001 Amortization Bond Premium 5,285.16 5,285.00 5,285.00 5,285.00 Expenditures PER - Personnel Services 501001 -01 Payroll - Regular 3,654.23 3,827.00 3,524.00 3,943.00 501001 -05 Payroll - Receptionist 0.00 0.00 0.00 0.00 501001 -06 Payroll - Snowremoval 1,725.00 1,900.00 1,648.00 2,056.00 50300107 Payroll - Groundskeeper 0.00 0.00 0.00 0.00 501002 -01 Payroll Overtime Regular 0.00 300.00 300.00 300.00 501003 Payroll Benefits 1,872.51 1,809.00 2,208.00 1,999.00 501003 -01 Payroll Benefits - Recreation Benefit 0.00 0.00 0.00 0.00 501003 -06 Payroll Benefits - Retirement 0.00 0.00 0.00 0.00 501003 -07 Payroll Benefits - Police Retirement 0.00 0.00 0.00 0.00 501003 -08 Payroll Benefits - Medicare 0.00 0.00 0.00 0.00 501003 -09 Payroll Benefits - Flca 0.00 0.00 0.00 0.00 501003 -10 Payroll Benefits - Health Insurance 0.00 0.00 0.00 0.00 501003 -11 Payroll Benefits - Seasonal Health Insurance 0.00 0.00 0.00 0.00 501003 -12 Payroll Benefits - Health Reimbursement 0100 0.00 0.00 0.00 501003 -13 Payroll Benefits - Dental Insurance 0.00 0.00 0.00 0.00 501003 -14 Payroll Benefits - Vision Insurance 0.00 0.00 0.00 0.00 501003 -15 Payroll Benefits - Standard - Life / AD& D 0.00 0100 0.00 0,00 501003 -16 Payroll Benefits - Cigna - Ufe /AD &D 0.00 0.00 0.00 0.00 501003 -17 Payroll Benefits - Dependant Life 0.00 0.00 0.00 0.00 501003 -18 Payroll Benefits - Long Term Disability 0.00 0.00 0,00 0,00 501003 -19 Payroll Benefits - Unemployment Insurance 0.00 0.00 0.00 0.00 501003 -20 Payroll Benefits - Workmans Comp 0.00 0.00 0.00 0.00 501003 -21 Payroll Benefits - Taxable Life 0.00 0.00 0.00 0.00 501004 Training/ Registrations 0.00 0.00 0.00 0.00 501005 Travel & Meeting Expenses 0.00 0.00 0100 0100 a ca o a e s 2 8 0 B. no 10 -06 -14 TC Packet 103 PUR - Purchased Services 502001 Legal Fees Special Counsel 0.00 0.00 0.00 0.00 502003 Contract Service 515.55 800.00 700.00 800.00 502003 -04 Contract Service- Fire Extinguisher Maintenance 42.00 200.00 190.00 200.00 502003 -05 Contract Service - BackFlow Test & Maintenance 260.00 500.00 450.00 500.00 502003 -06 Contract Service - Wier Inspections Cleaning 0.00 450.00 400.00 450.00 502004 Telephone 1,351.64 1,379.00 1,400.00 1,400.00 502006 -01 Building Maintenance- General 0.00 0.00 0.00 0,00 502006 -06 Building Maintenance - CarpetLabor 2,080.00 2,500.00 3,500.00 3,500.00 502006 -07 Building Maintenance - Carpet Cleaning 150.00 525.00 500.00 550.00 502006 -08 Building Maintenance - Drapery Cleaning 0.00 50.00 50.00 50.00 502006-09 Building Maintenance - Formica Repairs 0.00 75.00 75.00 100.00 502006 -10 Building Maintenance - Painting 0.00 0.00 0.00 0.00 502008 -01 Repairs - Equipment 0.00 0.00 0.00 0.00 502008 -02 Repairs - Vehicles 0.00 0.00 0.00 0.00 502008-03 Repairs - Radios 0.00 0.00 0.00 0.00 502009-01 Mailing - Postage 0.00 0.00 0.00 0.00 502009-02 Mailing - Freight & Shipping 0.00 0.00 0.00 0.00 502010 Utilities 0.00 0.00 0.00 0.00 502010.01 Utilities - Water & Sanitation 7,731.65 10,562.00 10,562.00 11,038.00 502010 -02 Utilities - Gas 10,030.35 12,390.00 11,900.00 12,495.00 502010 -03 Utilities - Electric 2,930.17 2,573.00 2,500.00 2,575.00 502010-04 Utilities - Trash 7,200.09 5,624.00 51500.00 5,665.00 502017 Audit 759,00 782.00 782.00 805.00 502021 Professional Services 4,379.12 3,000.00 3,400.00 3,400.00 502024 Weed Control 0.00 0.00 0.00 0.00 502028 Bank/Trustee Fees 250.00 250.00 250.00 250.00 502029 Accounting & Administrative Fee 0.00 0.00 0.00 0.00 OM - Operating & Maintenance 503001 -02 Advertising - lobs 0.00 0.00 0.00 0.00 503001 -05 Advertising - Other 0.00 75.00 75.00 75,00 503002 Dues, Memberships, Subscriptions 0.00 25.00 25.00 25,00 503003 Miscellaneous 668.43 75.00 75.00 75.00 503004 Printing 0.00 50.00 50.00 50.00 503005 -01 Supplies - Office 44.94 125.00 150.00 150.00 503005 -02 Supplies - Building 105.92 200.00 200.00 200,00 503005 -03 Supplies - Cleaning 192.47 225.00 250,00 250.00 503005-09 Supplies - Tools 0.00 150.00 140.00 150.00 503005 -12 Supplies - Landscaping 101.90 250.00 225.00 250.00 503005 -21 Supplies - Carpet 5,404.94 4,000.00 4,500.00 4,500.00 503005 -22 Supplies - Maintenance 1,103.56 700.00 800.00 800.00 503005 -23 Supplies - Painting 331.50 425,00 600.00 600.00 503005 -24 Supplies - Plumbing 719.53 700.00 2,500.00 800.00 503005 -25 Supplies - Laundry 6.69 75.00 75.00 75,00 503005 -26 Supplies - Appliance Parts 67.20 150.00 150.00 150.00 503005 -27 Supplies - Siding 0.00 100.00 90.00 100.00 503006 Equipment 0.00 0.00 0.00 0.00 503008 -01 Insurance - Building 7,360.02 8,096.00 7,675.00 8,443.00 503008 -02 Insurance - Vehicle 208.68 230.00 255.00 280.00 503008-03 insurance - Other 0.00 0.00 0.00 0.00 503009 -01 Vehicle Expenses - Fuel 693.35 945.00 945.00 1,000.00 503009 -02 Vehicle Expenses - Oil 0.00 0100 0.00 0.00 503009 -03 Vehicle Expenses - Parts & Supplies 177.73 200.00 200.00 250.00 10 -06 -14 TC Packet 104 503009 -06 Vehicle Expenses - Labor 0.00 0100 0.00 0.00 503012 -01 Public Relations - Tenant Party 0.00 0.00 0.00 0.00 503013 Uniforms 0.00 0.00 0.00 0,00 CAP - Capital 507001 -01 Cash Purchases - Vehicles 0.00 0.00 0.00 0.00 507001 -02 Cash Purchases - Mobile Equipment 0.00 2,800.00 2,800.00 0.00 - 507001 -03- -- -Cash Purchases- Equipment - 0.00 0A0 0.00 0.00 507001 -04 Cash Purchases - Office 0.00 0.00 0.00 0.00 507001 -05 Cash Purchases - Computer 0.00 0.00 0100 0.00 507001-06 Cash Purchases - Land Improvements 21,049.29 500.00 500.00 300.00 507001 -07 Cash Purchases - Buildings 0.00 24,50D.00 17,400.00 500.00 507001 -12 Cash Purchases - Furniture & Fixtures 0.00 950.00 1,100.00 1,100.00 507001 -20 Cash Purchases - Other 5,178.24 500.00 0.00 600.00 507025 Reserves Used 28,800.00 1,500.00 0.00 1,500.00 TRAN - Transfers Out 510001 Transfer Out to General 0.00 0.00 0.00 0.00 510060 Transfer Out to Housing 0.00 0.00 0.00 0.00 510061 Transfer Out to Mountain View 0.00 311 0.00 91 0.00 0,00 DEBT -Debt Expense 520002 Bond interest 32,429.18 144,050.00 144,050.00 144,050.00 520003 Bond Bank Fees 0.00 0.00 0.00 0,00 10 -06 -14 TIC Packet 105 MEMORANDUM TO: Snowmass Village Town Council FROM: Marianne Rakowski, Finance Director Clint Kinney, Town Manager DATE: October 6, 2014 SUBJECT: First Reading of Ordinance No. 02, Series of 2014 Amending the 2014 Budget for all funds of the Town of Snowmass Village 1. PURPOSE AND ACTIONS REQUESTED OF COUNCIL: First Reading of an Ordinance amending the 2014 Budget for all funds of the Town of Snowmass Village -• 1 Per the Home Rule Charter, the Town Council adopts the budget by resolution, but any amendments to the original budget must be by ordinance. This ordinance amends the 2014 budget and authorizes the appropriation of those funds. The Financial Advisory Board reviewed the budget on September 10, 2014 and recommends adoption of the 2014 revised budget. All adjustments as discussed at the September 22, 2014 budget meeting are incorporated within the 2014 revised budget. 111. STAFF RECOMMENDATION Adoption of Ordinance No. 02, Series of 2014. Note: Copy of the 2014 revised budget is available at the Town Clerks office. 10 -06 -14 TC Packet 106 I SNOWMASS VILLAGE TOWN COUNCIL 2 ORDINANCE NO. 02 3 SERIES OF 2014 4 5 6 7 AN ORDINANCE AMENDING THE 2014 BUDGET FOR ALL FUNDS FOR THE 8 TOWN OF SNOWMASS VILLAGE. 9 10 11 WHEREAS, Clint Kinney, Town Manager, has submitted a 2014 Revised 12 Budget; and 13 14 WHEREAS, the 2014 budget, revenues and expenditures have varied 15 from budgeted amounts; and 16 17 WHEREAS, sales tax revenues, licenses and permits and charges for 18 services are revised to reflect variances from budget; and 19 20 WHEREAS, General Fund operating expenditures were revised to 21 account for the variations from budget. One -time expenditures were 22 increased for various items including the Energy Efficiency Program; and 23 24 WHEREAS, revenues and expenditures for the remaining Town funds 25 may have also experienced revisions from the 2014 adopted budget; and 26 27 WHEREAS, the Town of Snowmass Village Home Rule Charter requires 28 adjustments to the budget when circumstances change relating to the 29 budget. 30 31 NOW, THEREFORE, BE IT RESOLVED by the Town Council of the Town 32 of Snowmass Village, Colorado: 33 34 35 Section One: Revised Budget 36 37 That the Town of Snowmass Village 2014 budget be adjusted to 38 the 2014 revised budget, as summarized below with the true and 39 accurate copy of the budget which is attached hereto. 40 10 -06 -14 TC Packet 107 14 -02 Page 2 Town of Snowmass Village All Funds - Budget Summary - 2014 Revised 2014 2014 Revenues Adopted Budget Revised Budget Variance General Fund $ 14,555,509 $ 15,369,511 $ 814,002 Debt Service Fund $ 1,084,450 $ 1,084,450 $ - Lottery Fund $ 26,839 $ 30,319 $ 3,480 IETT Fund $ 21114,900 $ 2,033,320 $ (81,580) Road Fund $ 2,416,810 $ 2,393,851 $ (22,959) Excise Tax Fund $ 208,050 $ 229,767 $ 21,717 Marketing Fund $ 4,122,705 $ 4,111,384 $ (11,321) Group Sales Fund $ 1,583,001 $ 1,606,743 $ 23,742 CIP Fund $ - $ - $ - Reop Fund $ 5,028 $ 15,533 $ 10,505 Housing Fund $ 1,289,160 $ 1,292,046 $ 2,886 Mtn View I Fund $ 1,013,050 $ 1,013,076 $ 26 Mtn View II Fund $ 244,885 $ 246,795 $ 1,910 TOTAL Funds $ 28,664,387 $ 29,426,795 $ 762,408 Expenditures General Fund Debt Service Fund Lottery Fund RETT Fund Road Fund Excise Tax Fund Marketing Fund Group Sales Fund CIP Fund Reop Fund Housing Fund Mtn View I Fund Mtn View II Fund 2014 Adopted Budget $ 14,843,431 $ 1,084,450 $ 23,000 $ 2,542,241 $ 3,289,235 $ 30,000 $ 4,248,835 $ 1,975,921 $ 5,000 $ 1,276,859 $ 1,032,843 $ 241,092 2014 Revised Budget $ 14,943,372 $ 1,084,450 $ 23,000 $ 2,643,217 $ 2,492,570 $ 133,000 $ 4,247,238 $ 2,018,153 $ 16,159 $ 1,289,480 $ 1,068,309 $ 234,869 TOTAL Funds $ 30,592,907 $ Variance $ (99,941) $ (100,976) $ 796,665 $ (103,000) $ 1,597 $ (42,232) $ (11,159) $ (12,621) $ (35,466) $ 6,223 30,193,817 $ 399,090 10 -06 -14 TC Packet 108 Variance 5.6% 0.0% 13.0% -3.9% -0.9% 10.4% -0.3% 1.5% 0.0% 0.0% 0.2% 0.0% 0.8% 2.7% -0.7% 0.0% 0.0% -4.0% 24.2% - 343.3% 0.0% -2.1% 0.0% 0.0% -1.0% -3.4% 2.6% 1.3% 41 14 -02 42 Page 3 43 44 Section Two: Appropriation 45 That the 2014 revised budgeted revenue and reserves are hereby 46 appropriated for expenditure during the 2014 budget year. 47 48 Section Three: Effective Date 49 This Ordinance shall become effective upon adoption in 50 accordance with Article X, Section 9.11 (e) of the Home Rule 51 Charter. 52 53 54 INTRODUCED, READ AND ADOPTED on first reading by the Town Council of 55 Snowmass Village, Colorado on the 6th day of October, 2014 with a motion 56 made by and seconded by and by a vote of in favor to 57 opposed. 58 59 INTRODUCED, READ AND ADOPTED on second reading by the Town Council 60 of Snowmass Village, Colorado on the 20th day of October, 2014 with a motion 61 made by and seconded by , and by a vote of — in 62 favor to _ opposed. A roll call was taken, those in favor 63 were , those opposed were 64 65 66 67 68 69 70 71 72 ATTEST: 73 74 75 Rhonda Coxon, Town Clerk 76 10 -06 -14 TC Packet 109 TOWN OF SNOWMASS VILLAGE Bill Boineau, Mayor AGENDA ITEM SUMMARY Meeting Date: October 6, 2014 Agenda Item: CONTINUATION OF PUBLIC HEARING AND SECOND READING OF ORDINANCE NO. 3, SERIES OF 2014, AS AMENDED - APPLICATION BY SNOWMASS ACQUISITION COMPANY, LLC, FOR A MINOR PUD AMENDMENT TO THE BASE VILLAGE PUD IN ORDER TO MODIFY VESTED PROPERTY RIGHTS AND THE TERMS OF THE VESTED PROPERTY RIGHTS, INCLUDING CHANGES TO THE DEVELOPMENT AGREEMENT, FUNDING AGREEMENT AND SUBDIVISION IMPROVEMENTS AGREEMENT Presented By: Julie Ann Woods, Director and Jim Wahistrom, Senior Planner Community Development Department Opening Action: The Public Hearing was opened on August 18, 2014, and was continued to September 8, 2014 when the ordinance was passed on first reading. The public hearing was continued to September 22, 2014, and again continued to October 6, 2014, with second reading of the ordinance scheduled for that evening. Exhibit 1 is Ordinance No. 3, Series of 2014, as amended, with proposed final Attachments 1 and 2 to the Ordinance are as revised by Staff. Attachment 3 to the Ordinance is the First Amendment to the Funding Agreement which has not been revised by staff. On September 22, 2014, the Applicant, Snowmass Acquisition Company, LLC, (SAC), submitted a final revised version of the agreements in connection with the pending application for the Minor PUD Amendment to the Base Village P.U.D., pursuant to Land Use Code Section 16A -5- 70(3). SAC is requesting that Town Council review the attached newly submitted agreements (Exhibits 2, 3 and 4) instead of the previously submitted agreements. Upon the re- opening of the Public Hearing, Town Council should consider the amendment request pursuant to 16A -5- 70(3). The Town Council shall consider and make a determination as to whether the changes alter the nature of the project from that described in the original submission to such an extent that: a. The amendment should not be allowed; b. The amendment should be allowed, but the Planning Commission should have an opportunity to review the amendment and make a recommendation thereon; or 10 -06 -14 TC Packet 110 Base Village PUD Amendment for Vesting Extension Staff Report to Town Council October 6, 2014 c. The amendment should be allowed, and the application should proceed without additional hearings or consideration thereof. Staff recommends that Council accept the amendments without remand and proceed with the review of the Application. Background and Per the direction of Town Council at the September 8th meeting, the Summary: Applicant has incorporated the terms of the "Funding Agreement" into the revised Subdivision Improvements Agreement and Development Agreement, Therefore the Exhibit_4_FirstAmendment to the Base Village Funding Agreement suggests in paragraph 2, that the "Developer contributions" have been completed, subject to the obligations set forward in the other two agreements. Staff finds Exhibit 4 First Amendment to the Base Village Funding Agreement acceptable as written and is attached (unchanged) to the Ordinance as Attachment 3. The remaining two agreements, the Development Agreement (Exhibit 2) and the Subdivision Improvements Agreement (Exhibit 3), are titled as "Amended and Restated ", again, per Town Council's direction, and are "clean versions" reflecting the Applicant's proposal. Subsequently, Staff thoroughly reviewed the revised agreements and has redlined the applicant's drafts (Exhibit 2a Redlined Development Agreement and Exhibit 3a Redlined Subdivision Improvements Agreement) to ensure the interests of the Town are adequately addressed. Staff has attached it's revisions shown in these Exhibits 2a and 3a (the redlines to Applicant's final submissions) to the Ordinance as Attachments 1 & 2 as final "clean" documents ready for approval with the Ordinance. Other Staff The text of Ordinance No. 3, Series of 2014, has again been Suggestions: amended to reflect the changes proposed by Staff. There are two additional recommendations Staff is suggesting that have been incorporated as new conditions in the amended Ordinance 3, Series of 2014. The first recommendation is that the Applicant provides a tool in the form of a timeline, flowchart and /or matrix that addresses all work and deadlines agreed to be completed to assist in monitoring and ensuring conformance with all aspects of these agreements. This would be submitted to the Community Development Dept. prior to the recordation of the Agreements. The second recommendation is that the Applicant provides a letter expressing their agreement to maintain the Garage Entry in a safe and ice -free manner until the new Snowmelt System is completed. 2 10 -06 -14 TC Packet 111 Base Village PUD Amendment for Vesting Extension Staff Report to Town Council October 6, 2014 10 -06 -14 TC Packet 112 There are no additional comments provided by Staff or the Town Engineer as the team comprehensively reviewed the draft Agreements together. Attachments: Exhibit 1 Amended Ordinance 3, Series of 2014, with final attachments Exhibit 2 First Amendment to Base Village Development Agreement dated September 22, 2014 (Developer's clean version) Exhibit 2a First Amendment to Base Village Development Agreement dated September 30, 2014 (Staff's redlined version) Exhibit 3 Second Amendment to Subdivision Improvements Agreement for the Base Village Planned Unit Development dated September 22, 2014 (Developer's clean version) Exhibit 3a Second Amendment to Subdivision Improvements Agreement for the Base Village Planned Unit Development dated September 30, 2014 (Staff's redlined version) Exhibit 4 First Amendment to Base Village Funding Agreement dated September 12, 2014 (no changes subsequently submitted) Exhibit 5 Planning Commission Resolution No. 7, Series of 2014 Financial Impact: There are no additional revenues proposed in the 2015 Budget as a result of this application. Council Options: Town Council may approve, approve with conditions or deny the request for the vesting extension, pursuant to attached Ordinance No. 3, Series of 2014, as amended. Staff Staff continues to support the extension of the vested rights. Staff Recommendation: believes that the agreements, as drafted by the Applicant and modified by Staff, are largely consistent with the direction of Town Council. Further, Staff recommends that the redline changes proposed in Exhibits 2a, 3a and 4 (as may be modified by Town Council) serve as the final attachments to the Amended Ordinance 3, Series of 2014. Staff recommends Town Council continue to accept public testimony on the application, provide additional direction to Staff on the draft agreements, and allow Staff to amend the Final Agreements accordingly. Therefore, Staff recommends that Council pass Ordinance No. 03, Series of 2014, as amended, on second reading. 10 -06 -14 TC Packet 112 Exhibit 1 TOWN OF SNOWMASS VILLAGE TOWN COUNCIL ORDINANCE NO.3 SERIES OF 2014 AN ORDINANCE AMENDING THE BASE VILLAGE PLANNED UNIT DEVELOPMENT BY AMENDING THE BASE VILLAGE DEVELOPMENT AGREEMENT, THE BASE VILLAGE- SUBDIVISION IMPROVEMENTS AGREEMENT AND THE- BASE- VILLAGE FUNDING AGREEMENT TO GRANT EXTENSION OF VESTED PROPERTY RIGHTS BASED ON MILESTONES AND TIMEFRAMES FOR THE COMPLETION OF CERTAIN PUBLIC AND PRIVATE IMPROVEMENTS. WHEREAS, the Base Village Planned Unit Development ( "BV PUD ") was approved by Town Council Ordinance No. 21, Series of 2004 ( "Ordinance 21"), which has been amended and modified by Ordinance No. 03, Series of 2007 and numerous Administrative Modifications; and WHEREAS, Snowmass Acquisition Company ( "Applicant" and "Owner"), a Delaware limited liability company, submitted a Minor PUD Amendment application (the "Application ") on June 30, 2014, proposing amendments to the BV PUD Development Agreement, Funding Agreement and Subdivision Improvements Agreement which request a five —year extension to November 3, 2019 of the initial vested property rights for the BV PUD granted by the Development Agreement while maintaining the final vesting expiration date of November 3, 2024 subject to certain revisions in the Agreements for the completion of the roundabout and other public improvements pursuant to a schedule of milestones to be met in order to continue the extension of vested property rights; and WHEREAS, at meetings on July 23, 2014 and August 6, 2014, the Planning Commission reviewed the Application and adopted Planning Commission Resolution No. 7, Series of 2014, providing recommendations on the application to the Town Council; and WHEREAS, a public notice was published in the Snowmass Sun on July 30, 2014 noticing a public hearing on the application commencing at the Town Council meeting on August 18, 2014. The Applicant submitted executed affidavits evidencing compliance with Municipal Code Section 16A- 5 -60(b) for the mailing and posting of the public hearing notice; and WHEREAS, pursuant to the procedures outlined in Section 16A -5 -390 of the Land Use and Development Code ( "Municipal Code "), the Town Council considered the Application at the Public Hearing that was opened at the Town Council meeting on August 18, 2014, which Public Hearing was continued to the September 8, 2014 Town Council 10 -06 -14 TC Packet 113 meeting where first reading of an Ordinance approving the application was adopted and the Public Hearing was continued to the September 22, 2014 Town Council meeting, whereupon the Public Hearing was further continued to the October 6, 2014 Town Council meeting where second reading was taken. NOW, THEREFORE, BE IT ORDAINED, by the Town Council of the Town of Snowmass Village, Colorado: Section One: General Findings. The Town Council finds that: 1. The Applicant has submitted sufficient information pursuant to Section 16A -5- 390 of the Municipal Code to permit the Town Staff, Planning Commission and Town Council an adequate review of the proposed Minor PUD Amendment. 2. The Applicant sufficiently met the public hearing notice requirements pursuant to Section 16A -5 -60, `Notice of public hearings.' 3. The application is consistent with the applicable review standards specified within Section 16A -5- 390(3) of the Municipal Code. Pursuant to Municipal Code Section 16A- 5- 90(d), Term of Vested Right, Town Council has complete discretion on the vested rights matter or extension thereof. 4. The Planning Director determined that the Base Village PUD should be treated as a Minor PUD Amendment in accordance with Municipal Code Section 16A -5- 390(1). 5. On August 29, 2014, September 4, 2014, and on September 16, 2014, and September 22, 2014 the Applicant submitted amendments to the Application were accepted for further Town Council review without remand to the Planning Commission pursuant to Municipal Code Section 16A- 5- 70(3)(c). Section Two: Specific Findings. The Town Council specifically finds that: 1. Pursuant to Section 16A- 5- 390(3)a of the Municipal Code, the proposed application is consistent with, or an enhancement of, the original PUD approval as shown on Attachment "1" the Amended and Restated Base Village Development Agreement because the Agreement provides a mechanism to ensure certain public and private improvements will be completed as part of the Base Village project. 2. Pursuant to Section 16A- 5- 390(3)b of the Municipal Code, the proposed amendment should not have a substantially adverse effect on the neighborhood 10 -06 -14 TC Packet 114 surrounding the land where the amendment is proposed, or have a substantially adverse impact on the enjoyment of land abutting upon or across the street from the subject property. The Town Council finds that the neighborhood has been, and continues to be, adversely impacted due to the delay in construction of both the public and private improvements initially caused by the recession, but notes that many of the improvements identified in the previous agreements have been completed. With respect to the remaining required public improvement items described in the Amended and Restated Subdivision Improvement Agreement that have yet to be completed, the inclusion of milestones in the Amended and Restated Development Agreement for completion of these items, together with the provision of financial security for completion of some of these items will help to - keep these improvements -on -a schedule- that -should bring to -an end the- negative - impact on the neighborhood surrounding the Base Village PUD from the delay in completing these public and private improvements. 3. Pursuant to Section 16A- 5- 390(3)c of the Municipal Code, the proposed amendment does not describe any change in the basic character of the PUD or surrounding areas. It should be noted that this proposed Minor PUD Amendment does require submission of a subsequent PUD amendment by October 15, 2014 which may propose changes to the basic character of the original PUD and such submission will be reviewed by Town Council pursuant to these same review standards. 4. Pursuant to Section 16A- 5- 390(3)d of the Municipal Code, the proposed amendment complies with the other applicable standards of Division 3, PUD, including but not limited to Section 16A- 5- 300(c), General Restrictions, and Section 16A -5 -310, Review Standards, because the amendment proposes text amendments to written agreements without describing any design changes, although as noted above the proposed amendment does require submission of another amendment to the PUD by October 15, 2014 and such submission will be reviewed by Town Council pursuant to these same review standards. 5. Pursuant to Section 16A -5- 310(1), the Town Council finds that the completion of outstanding public and private improvements would assist in fulfilling the Comprehensive Plan objectives and policies. 6. Pursuant to Section 16A -5- 310(2), the Town Council finds that this Section on Community Character is not applicable because the proposed amendment describes no design changes to the PUD. 7. Pursuant to Section 16A -5- 310(3), the Town Council finds that this Section is not applicable because the applicant has described no design changes to the PUD that would modify the creative approach to the project. 8. Pursuant to Section 16A -5- 310(4), the Town Council finds that the installation of the outstanding landscaping would benefit the town and surrounding properties, 10 -06 -14 TC Packet 115 and that the milestones established for completion of these improvements linked to the extension of vesting will more likely ensure compliance by the applicant. 9. Pursuant to Section 16A -5- 310(5), the Town Council finds that this Section on development evaluation standards is not applicable because the application describes no design changes to the PUD. 10. Pursuant to Section 16A -5- 310(6), the Town Council finds that this Section on suitability for development is not applicable because the application describes no design changes to the PUD. - 11. Pursuant to Section - 16A -5- 310(7), -the Town Council -finds that this Section on spatial pattern is not applicable because the application describes no proposed design changes to the PUD. 12. Pursuant to Section 16A -5- 310(8), the Town Council finds that this Section on phasing is only partially applicable because the application describes no proposed phasing changes to the PUD. However, the delayed pace and phasing of construction has and could continue to harm the community as a whole. Further delays of public and private improvements do not meet the code standard of `as early in the project as reasonable.' Contrarily, the applicant's proposal including milestones that could limit vesting and the provision of financial security for the completion of public and private development per the Attachment "1" Amended and Restated Base Village Development Agreement increases the likelihood that the installation of public and private improvements should be reasonably implemented or fulfilled in the project as previously required. 13. Pursuant to Section 16A -5- 310(9), the Town Council finds that this Section on construction interruptions has been adequately addressed in Attachment "1" Amended and Restated Base Village Development Agreement as the Applicant agrees to provide surety consistent with the restoration and /or remediation contingency plan to mitigate impacts resulting from any potential interruption of construction affecting the community as a whole. 14. Pursuant to Section 16A -5 -90, to grant the applicant the desired vesting extension, Town Council finds that it has adequately weighed the interest of the Town along with the interests of the property owner. Section Three: Action. The Town Council hereby approves the following proposal subject to the conditions in Section Four below: 1. The Applicant's vested rights for the Base Village PUD is hereby extended for four years to November 3, 2018. 2. The Minor PUD Amendment for the vested rights extension to Base Village and the completion of public improvements and other private improvements shall be in 10 -06 -14 TC Packet 116 compliance with Attachment "1" Amended and Restated Base Village Development Agreement; Attachment "2" Amended and Restated Subdivision Improvements Agreement for the Base Village Planned Unit Development; and Attachment "3" First Amendment to Base Village Funding Agreement incorporated herein. Section Four: Conditions. The applicant shall comply with the following conditions: 1. Provided the milestones as set forth in Attachment "1" Amended and Restated Base Village Development Agreement are achieved, the Applicant will be awarded a second automatic extension of vested rights to November 3, 2019, and a - subsequent- third automatic extension to November 3, 2024, which is consistent with the original PUD or an enhancement of the PUD. 2. The Applicant shall meet the milestones as described in Attachment "1" Amended and Restated Base Village Development Agreement, in order to facilitate more timely public improvements and private investment that will result in no adverse impact on the neighborhood surrounding the land where the amendment is proposed, or have a substantially adverse impact on the enjoyment of land abutting upon or across the street from the subject property. 3. The Applicant shall deliver proposed cost estimates reflective of the expected costs upon completion of construction drawings for both the roundabout and Upper Wood Road, and shall post the required financial surety prior to the security deadline. The Town Engineer shall determine the acceptable amount of security. 4. The Applicant shall provide the Town with the financial security, in form and substance satisfactory to the Town Attorney, for the proposed public improvements (based on preliminary cost estimates approved by the Town Engineer) within 30 days of approval of this Minor PUD Amendment. The security will be updated within 30 days after the Town Engineer approves final cost estimates for each public improvement, but no later than January 1, 2015 for the roundabout and January 1, 2016 for the Upper Wood Road improvements, unless the subsequent PUD Amendment is delayed as stipulated in the Attachment "1" Amended and Restated Base Village Development Agreement. 5. The Applicant shall provide a letter agreement expressing their agreement to maintain the Garage Entry in a safe and ice -free manner until the new Snowmelt System is completed. 6. The Applicant shall provide a graphic tool, to the satisfaction of the Community Development Director, in the form of a timeline, flowchart and /or matrix that addresses all work, noticing requirements and deadlines agreed to be completed to assist in monitoring and ensuring conformance with all aspects of these agreements. 10 -06 -14 TC Packet 117 Section Five. Severability. If any provision of this Ordinance or application hereof to any person or circumstance is held invalid, the invalidity shall not affect any other provision or application of this Ordinance which can be given effect without the invalid provision or application, and, to this end, the provisions of this Ordinance are severable. INTRODUCED, READ, AND APPROVED, as amended, on first reading by the motion of Town Council Member Kucker and the second of Town Council Member Butler by a vote of three (3) in favor and two (2) against, on the 8t" day of September, 2014. READ, APPROVED AND ADOPTED on second reading by the motion of Town Council Member and the second of Town Council Member by a vote of - - in favor and -- against, on this 6th day of October, 2014. - TOWN OF SNOWMASS VILLAGE Bill Boineau, Mayor ATTEST: Rhonda B. Coxon, Town Clerk APPROVED AS TO FORM: John C. Dresser, Jr., Town Attorney Incorporated Attachments: Attachment "1" Amended and Restated Base Village Development Agreement. Attachment "2" Amended and Restated Subdivision Improvements Agreement for the Base Village Planned Unit Development. Attachment "3" First Amendment to Base Village Funding Agreement 10 -06 -14 TC Packet 118 Attachment 1 AMENDED AND RESTATED BASE VILLAGE DEVELOPMENT AGREEMENT THIS AMENDED AND RESTATED BASE VILLAGE DEVELOPMENT AGREEMENT (this "Agreement ") dated as of , 2014, is made by and between SNOWMASS ACQUISITION COMPANY LLC, a Delaware limited liability company, as successor -in- interest to INTRAWESTBRUSH CREEK DEVELOPMENT COMPANY, LLC ( "Developer ") and the TOWN OF SNOWMASS VILLAGE, COLORADO, a Colorado municipal corporation (the "Town "). This Agreement amends and restates in its entirety the Base Village Development Agreement dated November 4, 2004 between INTRAWESTBRUSH CREEK DEVELOPMENT COMPANY LLC, a Delaware limited liability company and the TOWN OF SNOWMASS VILLAGE, COLORADO, a Colorado municipal corporation: RECITALS WHEREAS Developer intends to develop that real property situated in the Town of Snowmass Village, Colorado commonly known as Lots 1 -9, Base Village Planned Unit Development (the "Property "), as depicted on the Plat for Base Village P.U.D., filed February 2, 2006 in Plat Book 77 at Page 30, at Reception No. 520483 of the records of Pitkin County, Colorado; WHEREAS the Town and IntrawestBrush Creek Development Company LLC, a Delaware limited liability company ( "IBC ") entered into that certain Base Village Development Agreement dated as of November 4, 2004, recorded as Reception No. 520495 in the real property records of Pitkin County, Colorado (the "Development Agreement "). The Development Agreement describes the "Vested Property Rights ", as such term is defined in the Town Municipal Code (the "Code ") associated with the Base Village Planned Unit Development (the "Base Village Project "); WHEREAS this Agreement amends, restates and supersedes in its entirety, the Development Agreement dated November 4, 2004; WHEREAS the Town Council of the Town granted approval of the development of the Property proposed in the Application by enacting Ordinance No. 21, Series of 2004 recorded as Reception No. 520481 in the records of Pitkin County, Colorado, as amended by Ordinance No. 3, Series of 2007 recorded as Reception No. 594713 in the records of Pitkin County, Colorado (collectively, the "Ordinance "); WHEREAS the Code authorizes the execution of "development agreements" by the Town and the execution of this Agreement is contemplated by the Ordinance; WHEREAS Developer has proposed to extend the Vested Property Rights for the Property, as more particularly described in the Minor PUD Amendment application for Base Village submitted to the Town on June 30, 2014, as amended (the "Application "), and has agreed to provide or contribute to the provision of certain facilities and services within the Town of Snowmass Village for the benefit of the Town and the Base Village PUD as more particularly described below; 2 10 -06 -14 TC Packet 119 Attachment 1 WHEREAS the Town Council of the Town granted approval of the extension of Vested Property Rights for the Property proposed in the Application by enacting Ordinance No. 3, Series of 2014 (the "Minor PUD Vesting Ordinance "); WHEREAS The Town and the Developer have entered into an Amended and Restated Subdivision Improvements Agreement for the Base Village Planned Unit Development dated , 2014 (the "SIA "); and WHEREAS The Town and the Developer have entered into a First Amendment to the Base Village Funding Agreement dated , 2014. NOW, THEREFORE, in consideration of the mutual covenants contained herein, and other good and valuable consideration the sufficiency of which is hereby acknowledged, the parties agree as follows: ARTICLE I VESTED RIGHTS 1. Capitalized Terms and Definitions. The following capitalized terms and phrases used herein shall have the following meanings: "Approval" means with respect to any land use or zoning action by the Town on a land use or zoning application related to the Base Village Project that the Town has granted a final approval, an administrative or court appeal, if any, has been finally decided in a final, non - appealable judgment or order, and a referendum, if any, as to the Town action has been concluded without reversal of the Town action. "Commencement of Construction" means that, with respect to the each of the milestone deadlines in Section 1.3.5 below that include construction of public or private improvements, that each of the following three conditions have been performed: (i) the Town has issued a building permit for the construction (if a building permit is required) or a right -of -way permit (for Public Improvements); (ii) a binding construction contract has been executed by the contractor and the Developer (or the owner engaged in such construction), and a true and correct copy thereof has been submitted to Town (provided any confidential or proprietary information may be redacted therefrom); and (iii) the "Mobilization" of the general contractor pursuant to the construction contract as determined by the Town's Chief Building Official. "Cure Period" means fifteen (15) days after the failure of the Developer to observe or perform any of its obligations under any of the milestone dates under Section 1.3.5. "Denial" means with respect to any land use or zoning action by the Town on a land use or zoning application related to the Base Village Project that the Town has denied a final approval, an administrative or court appeal, if any, has been finally decided in a final, non - appealable judgment or order, and a referendum, if any, as to the Town action has been concluded. a 10 -06 -14 TC Packet 2 120 Attachment I "Event of Force Majeure" means the Developer's performance of work is unreasonably delayed, disrupted or interfered with as a result of an Act of God, as reasonably determined by the Town. In the event the Town so determines that there was an Event of Force Majeure, the applicable milestone deadlines affected by the Event of Force Majeure will be extended for such period of time as so determined by the Town. "Event of Nonperformance" means the failure of the Developer to perform any of the tasks or work set forth in Section 1.3.5 below by the applicable milestone date(s), and the continuance of such failure to perform beyond the expiration of the Cure Period and subject to any Event of Force Majeure. - " Final Completion" of a-Public Improvement means: (i) the Developer has delivered -a Certification of Completion for the Public Improvement from an engineer licensed in Colorado to the Town Manager; and (ii) the Certification of Completion has been accepted by the Town Manager. "Mobilization" means transportation of the contractor's personnel, equipment, and operating supplies to the site, establishment of temporary facilities for the contractor's operations, and erection of any required construction fencing for the site together with the visible commencement of actual operations on the ground for the erection of the building, which everyone can readily recognize as commencement of a building, and which is done with the intention to continue the work until the building is completed. "Snowmelt System at Garage Entry" means the snowmelt system at the entrance /exit to the parking garage off Wood Road. "Substantial Completion" of a Public Improvement means that the entire scope of work for that Public Improvement (by way of example, other than final required landscaping) is sufficiently complete so that the public can occupy or utilize the Public Improvement for its intended use and that a Certification of Completion for the Public Improvement has been issued by an engineer licensed in Colorado. "Substantial Completion" of a private improvement means that an improvement is sufficiently complete so that the public (or the owner with respect to the private improvements) can occupy or utilize the improvement for its intended use and a temporary certificate of occupancy has been issued by the Town for the improvement. "Upper Wood Road Improvements" means the improvements and related infrastructure which includes utilities, sidewalks, grading, bus pull -out adjacent to Lot 4 of the Property for Upper Wood Road necessary for the road overlay, curb and gutter and bus shelter near the Enclave. 1.1 Vested Property Rights. a. The Town and Developer agree that all rights of Developer granted, recognized and confirmed in the Ordinance and this Agreement constitute "Vested Property Rights ", as such term is defined in the Code. By way of illustration, and not limitation, "Vested Property Rights" a 10 -06 -14 TC Packet 121 Attachment 1 include the right to develop, plan and engage in land uses on the Property in accordance with the provisions of the Ordinance for the periods of time described in Section 1.3 below. b. The Town shall not enforce against Developer or the Property any amendment to the Code adopted after November 3, 2004, or any other zoning, land use or other legal, administrative rule, regulation, ordinance, resolution or requirement that does not apply to the Property as of November 3, 2004, or otherwise take any other action that would directly or indirectly have the effect of impairing, preventing, diminishing, imposing a moratorium on development, or otherwise delaying the development or use of the Property in accordance with this Agreement or the Ordinance. Except for those conditions contemplated in the Ordinance or the Code in effect as of November 3, 2004, and any other agreements related to the development - -- or -use of the - Property executed between the Town -- and Developer-; the Town shall not subject development or use of the Property to any exactions, payments, dedication or reservation requirements, obligations for constructing on -site or off -site public improvements or facilities, or the payment of any fees in lieu of any of the foregoing in connection with the development, construction, use or maintenance of the Property as described in the Ordinance or any other exercise of the Vested Property Rights. C. Notwithstanding the foregoing, the Vested Property Rights recognized herein shall not exempt Developer from requirements for building permits, other necessary permits or other approvals required subsequent to the approval of the development of the Property (as required by the Code in effect as of November 3, 2004). The establishment of the Vested Property Rights shall not preclude the application of the requirements of the building code, fire code, plumbing code, electrical code, the mechanical code or of any regulations specifically adopted to correct or mitigate natural or man -made hazards on or in the immediate vicinity of the Property, which hazards could not reasonably have been discovered at the time the Ordinance was approved, and which hazards, if uncorrected, would pose a serious threat to the public health, safety, and welfare, all as more particularly described in Section 24 -68 -105 of the Colorado Revised Statutes. 1.2 Condition Subsequent to Continued Existence of Vested Property Rights. a. Developer has agreed to provide or contribute to the provision of certain facilities and services within the Town for the benefit of the community pursuant to the terms of the following agreements (collectively, the "Other Agreements "): (i) Base Village Services Agreement, dated effective as of November 4, 2004 between Developer and the Town; (ii) Amended and Restated Subdivision Improvements Agreement for the Base Village Planned Unit Development dated effective as of , 2014 between Developer and the Town (the "SIA "); (iii) Base Village Funding Agreement dated effective as of November 4, 2004, as amended by the First Amendment to Base Village Funding Agreement dated effective as of a 10 -06 -14 TC Packet 2014 between Developer and the Town. M 122 Attachment 1 (iv) Restricted Housing Agreement dated effective as of November 4, 2004 between Developer and the Town, the First Amendment to Restricted Housing Agreement dated effective as of February 26, 2007 between Developer and the Town, and the Second Amendment to Restricted Housing Agreement dated effective as of May 27, 2014 between Developer and the Town. b. The continued existence and duration of the Vested Property Rights recognized in this Agreement is subject to the condition that no Material Default by Developer shall occur under any of the Other Agreements or the Ordinance. If a Material Default shall occur, then, as provided in Section 16A- 5 -90(c) of the Code, the Vested Property Rights shall be terminated. For purposes hereof, "Material Default" shall mean a failure by Developer to perform any of its obligations under any of the Other Agreements_ or-the, Ordinance in any_material_respect -that remains uncured after the expiration of any applicable cure period as such default is conclusively determined by a court of competent jurisdiction in a final, non - appealable judgment or order. 1.3 Duration. 1.3.1 First Interim Vesting Extension. In consideration of Developer's performance of its obligations undertaken in the Other Agreements and in recognition of the time and expense required for the development of the Property and the effect of varying economic cycles and market conditions, the Town has concluded and agrees that the Vested Property Rights are vested and shall continue to remain vested for a period commencing on November 4, 2004 and expiring on November 3, 2018 (the "First Interim Vesting Extension Date "). 1.3.2 Second Interim Vesting Extension. If the Developer has performed (or caused to be performed) the tasks or work described in the each of the applicable milestone deadlines set forth in Section 1.3.5 that are required to be performed on or before the First Interim Vesting Extension Date, the Vested Property Rights shall be automatically extended for another one (1) year period expiring on November 3, 2019 (the "Second Interim Vesting Extension Date "). 1.3.3 Final Vesting Extension. If the Developer has performed (or caused to be performed) the tasks or work described in the each of the applicable milestone deadlines,set forth in Section 1.3.5 that are required to be performed after the First Interim Vesting Extension Date and on or before the Second Interim Vesting Extension Date, the Vested Property Rights shall be automatically extended for the period expiring on November 3, 2024. 1.3.4 Termination of Vested Property Rights. Notwithstanding the foregoing, the Vested Property Rights granted under Article I of this Agreement will not be automatically extended but will automatically terminated if the Developer is subject to an Event of Nonperformance as to any of such tasks or work described are not performed on or before the applicable deadline(s), or any event of Default, and in such event the termination of the Vested Property Rights granted under Article I of this Agreement is not a compensable takings but rather an agreed upon consequence of non - performance by the applicable deadline(s). 1.3.5 Milestone Deadlines. The following are the milestone deadlines and the tasks or work the Developer shall perform or cause to be performed on or before the applicable deadline a 10 -06 -14 TC Packet W1 123 Attachment 1 dates, as those dates may be adjusted in accordance with the express provisions of this Agreement: a. October 1, 2014 — Submit Construction Documents Plans for the Roundabout: This date is the deadline for Developer to submit "Construction Documents" for the Roundabout (the "Roundabout CD Plan Set ") consisting of ninety (90%) percent complete construction drawings. The Roundabout CD Plan Set shall set forth in detail the requirements for construction of the Roundabout and shall include drawings and specifications that establish in detail the quality levels of materials and systems required for the Roundabout. b. October 15, 2014 — SubmitApplication(s) for PUD Amendment: This date is the deadline- for - Developer to submit -an- application -to -amend the PUD for Lots 2, 3 & 4, to amend - and /or affirm the PUD for Lots 5, 6, 7 & 8, and to provide a comprehensive update of all approval and PUD documents affected by such application (the "PUD Amendment Application "). At the option of the Developer, the PUD Amendment Application may include Lot 8 (Building 13B), if the Developer determines that changes are necessary to the current approved plans for Lot 8 or Building 13B. The Developer anticipates that the date of final Town action on the PUD Amendment Application will occur on or before May 31, 2015 (the "PUD Amendment Action Date "). The submission deadline for the PUD Amendment Application shall be subject to Section 1.3.4. Insofar as the Developer does not control the review process, the PUD Amendment Action Date is not subject to the provisions of Section 1.3.4. (i) Delayed Approval of PUD Amendment Application. If the Approval of the PUD Amendment Application is not achieved by the PUD Amendment Action Date (or the PUD Amendment Application is still pending on the PUD Amendment Action Date), the milestone deadlines below (other than Substantial Completion of Community Facility (Section 1.3.5.0), Substantial Completion of Lot 3 (Section 1.3.5.p), and Substantial Completion of Lot 2 (Section 1.3.5.q)), will be extended as follows: (A) the milestone deadlines for Commencement of Construction of the Roundabout (Section 1.3.5.d) and Commencement of Construction of Building 13B (Section 1.3.5.e) will each be automatically extended to the start of the next construction season on May 31 of the next calendar year; and (B) the milestone deadlines for Substantial Completion and Final Completion Construction of the Roundabout (Sections 1.3.5.g and Section 1.3.5h) and Substantial Completion of Building 13B (Section 1.3.5.j) will each be automatically extended for one year. If the Approval of the PUD Amendment Application is not achieved by September 30, 2015, the milestone deadlines for Commencement of Construction and Final Completion of Construction of the Upper Wood Road Improvements (Sections 1.3.51 and Section 1.3.5m) and Substantial Completion of the Snowmelt System at Garage Entry (Section 1.3.5.n) will each be automatically extended for one year. 2 10 -06 -14 TC Packet :1 124 Attachment I To the extent an Approval occurs after the PUD Amendment Action Date, the Developer and the Town will execute an amendment to this Agreement setting forth and confirming the revised milestone deadlines. (ii) Accelerated Milestone Deadlines for Building 5 Limelight Snowmass. If the Approval of the PUD Amendment Application is achieved, and the Approval includes the Aspen Skiing Company's proposed Limelight Hotel and Residences on Lot 2, then there will be a new milestone deadline under Section 1.3.5 for Commencement of Construction on Lot 2, which shall be the date that is 365 days after the date of such Approval. In addition, if the Approval of the PUD Amendment Application is achieved, and the Approval includes the Aspen Skiing Company's proposed Limelight Hotel and - Residences on- Lot 2, then the- milestone - deadline- under - Section 1.3.5.q- for - Substantial Completion of Lot 2 subject to the Approval will be changed to November 1, 2018. (iii) Denial of PUD Amendment Application. If the action on the PUD Amendment Application is a Denial, the Vested Property Rights granted under Article I of this Agreement will be terminated except as to Buildings 7, 8 and 13B. In such event the termination of the Vested Property Rights granted under Article I of this Agreement is not a compensable takings but rather an agreed upon consequence of Denial of the PUD Amendment Application. C. Submit and Provide Financial Guarantees for Roundabout, Upper Wood Road Improvements and Snowmelt System at Garage Entry: The Developer has delivered to the Town Engineer preliminary cost estimates for the expected costs for the Roundabout, Upper Wood Road Improvements and Snowmelt System at Garage Entry ( "Public Improvements ") for approval by the Town Engineer. Within thirty (30) days after Approval of the Minor PUD Vesting Ordinance, the Developer shall deliver (i) a letter of credit (ii) a payment and performance bond or (iii) other security which is reasonably acceptable to the Town (hereinafter, the "Performance Security "), based on such preliminary cost estimates. The amount of the Performance Security shall be the difference between (x) one hundred percent (100%) of the cost of constructing the Public Improvements, and (y) any amounts to be contributed by the Town as required by the SIA. Within 30 days after the Town Engineer approves the final cost estimates for these Public Improvements, and to the extent that the final cost estimates differ from the preliminary cost estimates, the financial security will be adjusted to equal the final cost estimates. d. June 1, 2015 — Commencement of Construction of Roundabout: This date is the deadline for Commencement of Construction of the Roundabout. e. July 1, 2015 - Commencement of Construction of Building 13B: This date is the deadline for Commencement of Construction of Building 13B. f. October 1, 2015 — Submit Construction Documents Plans for the Upper Wood Road Improvements: This date is the deadline for Developer to submit "Construction Documents" for the Upper Wood Road Improvements (the "Upper Wood Road CD Plan Set ") consisting of ninety (90%) percent complete construction drawings. The Upper Wood Road CD z 10 -06 -14 TC Packet 7 125 Attachment 1 Plan Set shall set forth in detail the requirements for construction of the Upper Wood Road Improvements and shall include drawings and specifications that establish in detail the quality levels of materials and systems required for the Upper Wood Road Improvements. g. November 1, 2015— Substantial Completion of Roundabout: This date is the deadline for Substantial Completion of construction of the Roundabout. h. July 1, 2016 — Final Completion of Roundabout: This date is the deadline for Final Completion of construction of the Roundabout. i. October 1, 2016— Submit Construction Documents Plans for the Community Purpose Facility: This date is the deadline- for Developer- to submit `-Construction- Documents" for the Community Purpose Facility (the "Community Purpose Facility CD Plan Set ") consisting of ninety (90%) percent complete construction drawings. The Community Purpose Facility CD Plan Set shall set forth in detail the requirements for construction of the Community Purpose Facility and shall include drawings and specifications that establish in detail the quality levels of materials and systems required for the Community Purpose Facility. j. December 31, 2016 - Substantial Completion of Building 13B: This date is the deadline for Substantial Completion of construction of Building 13B. k. May 1, 2017 — Commencement of Construction of Upper Wood Road Improvements: This date is the deadline for Commencement of Construction of the Upper Wood Road Improvements. 1. May 1, 2017 — Commencement of Construction of Snowmelt System at Garage Entry: This date is the deadline for Commencement of Construction of the Snowmelt System at Garage Entry. M. November 1, 2017 - Final Completion of Upper Wood Road Improvements: This date is the deadline to achieve Final Completion of construction of the Upper Wood Road Improvements. n. November 1, 2017 - Substantial Completion of Snowmelt System at Garage Entry: This date is the deadline to achieve Substantial Completion of construction of the Snowmelt System at Garage Entry. o. November 1, 2018 - Substantial Completion of CommuniU Facility: This date is the deadline to achieve Substantial Completion of construction of the Community Facility. P. November 1, 2018 - Substantial Completion of Lot 3: This date is the deadline for Substantial Completion of construction of Lot 3, including Building 7 and Building 8 with the medical clinic space. 10 -06 -14 TC Packet Z E'? 126 Attachment I q. November 1, 2019 - Substantial Completion of Lot 2: This date is the deadline for Substantial Completion of construction of Lot 2; provided that this date may be accelerated as set forth in Section 1.3.5.b(ii). 1.3.6 Liquidated Damages. "Liquidated Damages" means the amount of One Thousand Five Hundred Dollars ($1,500.00) per day, commencing on the first day following termination of the milestone deadline in Section 1.3.5.j for Substantial Completion of Building 13B if an Event of Nonperformance occurs with respect to that milestone deadline. The Liquidated Damages will continue to accrue until the actual date of Substantial Completion of Building 13B, up to an aggregate maximum of One Million Dollars ($1,000,000.00). The Developer acknowledges and recognizes that the Town will sustain damages and losses as a - - result of any such - Developer- failure, the exact amount-of- which- will -be extremely difficult to ascertain. Therefore, the Town and Developer agree that if Developer fails to achieve Substantial Completion of Building 13B within the applicable milestone deadline, the Town shall be entitled to recover the Liquidated Damages from Developer, as liquidated damages and not as a penalty. Until the Developer pays such Liquidated Damages for failure to perform the milestone deadline in Section 1.3.5.j, the Vested Property Rights granted under Article I of this Agreement shall be deemed terminated, except as to Buildings 7, 8 and 13B. In such event the termination of the Vested Property Rights granted under Article I of this Agreement is not a compensable takings but rather an agreed upon consequence of failure of the Developer to pay the Liquidated Damages to the Town. Notwithstanding anything to the contrary herein, if the Developer pays the Liquidated Damages, the Vested Property Rights granted under this Agreement will be reinstated retroactively as though never terminated. . 1.3.7 Construction Interruptions. Prior to issuance of a building permit for each building, the Developer shall deliver: (i) a reasonable restoration and remediation contingency plan as required by Section 16A -5- 310(9) of the Town Municipal Code (ii) a letter of credit; or (iii) a payment and performance bond; or (iv) other security which is reasonably acceptable to the Town (the "Construction Interruption Security "), in the amount of One Hundred and 20 percent (120%) of the amount to be determined by the Town, based on the scope of the restoration and remediation contingency plan.. In the event construction work on such building shall cease for ninety (90) days or longer prior to a final inspection by the Town of the work authorized by the building permit ( "work stoppage ") and if after fifteen (15) days' prior written notice by the Town the work stoppage has not been cured, and such work stoppage was not a result of any Event of Force Majeure, then the Town in its discretion may draw upon the Construction Interruption Security as needed for purposes of protecting and securing the building site and improvements from damage by the elements and /or from trespass by unauthorized persons, and for purposes of improving the building site to a safe condition such that it does not become an attractive nuisance or otherwise pose a threat to neighbors or other persons. The Construction Interruption Security shall be released when the building reaches Substantial Completion. z 10 -06 -14 TC Packet ARTICLE II DEFAULT X 127 Attachment 1 2.1 Default by Developer. If Developer shall commit a Material Default under the terms of any of the Other Agreements or fail to perform any of its obligations under the Ordinance, which Material Default or failure to perform extends beyond the expiration of any applicable grace and cure period, Developer shall not be entitled to receive additional building permits for the construction of any of the buildings described in the Ordinance until such time as the default or failure to perform is cured or the Town otherwise agrees to issue such a building permit. In addition, (a) the Town shall be entitled to all rights and remedies set forth in such Other Agreements upon such an uncured default, and (b) as noted in Section 1.2.b above, upon a Material Default, the Vested Property Rights recognized hereunder shall be terminated as provided in Section 16A- 5 -90(c) of the Town Municipal Code. 2.2 Any event of nonperformance shall be a Default. - -- 2.3 Default by the Town. If the Town is in default in the performance of its obligations under this Agreement, the Town shall have the right to cure such default within 60 days after written notice by Developer of the default to the Town. If the Town fails to cure such default within 60 days after written notice is given from Developer to the Town specifying the nature of the default, then Developer shall have all rights available to it at law or in equity, specifically including the right to specific performance, injunctive relief and/or damages. Upon a default herein by the Town, the Vested Property Rights shall be extended for a period of time equal to the duration of such default by the Town, which extension shall specifically include any applicable cure period enjoyed by the Town under this Section 2.2. 2.4 Confirmation of Performance. Upon request from the Developer, the Town will execute and deliver a letter acknowledging whether or not the Developer has performed one or more of the milestone deadlines in Section 1.3.5. ARTICLE III ASSIGNMENT 3.1 Assignment by Developer. a. Except as set forth below in Section 3. Lb below, Developer may not assign any of its rights or obligations under this Agreement without the prior written consent of the Town. b. Developer may assign its rights and obligations under this Agreement, or any portion thereof, without the Town's consent by a written recorded instrument expressly assigning such rights and powers to any of the following entities: (i) any Affiliate of Developer; (ii) Aspen Skiing Company, LLC, a Colorado limited liability company, or any of its Affiliates; or (iv) any entity which succeeds to substantially all of Developer's remaining development rights with respect to the Property as described in the Ordinance. For purposes hereof, "Affiliate" shall mean any natural person or entity that owns or controls, is owned or controlled by, or is under common ownership with an entity. "Ownership" or "control" means (A) direct or indirect ownership or control of at least fifty (50 %) percent of all outstanding equity interests in an entity, or (B) the ability to direct or cause the direction of the management of an entity by ownership of equity interests, agreement or otherwise. a 10 -06 -14 TC Packet 10 128 Attachment 1 C. Upon an assignment by Developer of any of its rights or obligations under this Agreement to an entity listed in Section 3. Lb(i) through (iv) above, and an assumption of those rights or obligations by such assignee, Developer shall be released of all liabilities arising under this Agreement with respect to such rights or obligations. ARTICLE IV MISCELLANEOUS 4.1 Binding Effect. This Agreement shall be binding upon the parties and shall inure to the benefit of each party's successors and assigns, as designated by a written assignment recorded in the Pitkin County Clerk and Recorder's Office. 4.2 Burden and Benefits. Each of the benefits, burdens, terms, covenants, agreements and conditions of this Agreement shall be construed as covenants running with the land benefiting and burdening the Property or any applicable portion thereof, and it is the intent of the parties that such benefits, burdens, terms, covenants, agreements and conditions touch and concern such property. 4.3 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Colorado. 4.4 Scope of Agreement. The rights granted to Developer by this Agreement are in addition to any other right held by Developer under applicable law. 4.5 Interpretation. Unless the context of this Agreement clearly requires otherwise: (a) terms defined in the singular may be used in the plural, and terms defined in the plural may be used in the singular; (b) "including" and "such as" are not limited; (c) "or" has the inclusive meaning represented by the phrase "and /or "; (d) the words "hereof," "herein," "hereby," "hereunder" and similar terms in this Agreement refer to this Agreement as a whole and not to any particular provision of this Agreement; (e) Article, Section, clause, paragraph and Exhibit references are to this Agreement unless otherwise specified; and (f) references to any agreement (including this Agreement), document or instrument means such agreement, document or instrument as amended or modified and in effect from time to time in accordance with the terms thereof and, if applicable, the terms hereof. a 10 -06 -14 TC Packet 11 129 Attachment 1 All of the exhibits to this Agreement are hereby incorporated into this Agreement by reference. In the event of any conflict between a term, condition or provision of this Agreement and a provision of the Town's Municipal Code, the terms of this Agreement shall control. 4.6 Severability. If any provision of this Agreement shall be invalid, illegal, void or unenforceable, it shall not affect or impair the validity, legality or enforceability of this Agreement or any other provision hereof, and a court shall enforce this Agreement to the maximum extent legally possible to give effect as nearly as possible to the original intent of the Town and Developer as expressed in this Agreement. If any provision of this Agreement is invalid, illegal, void or unenforceable not in its entirety but as applied to a particular act, thing or circumstance, such provision shall not affect or impair the validity, legality or enforceability of -- this Agreement -or -any provision hereof as- applied -to- any-other - act, - thing - -or- circumstance, - and -a court shall apply such provision and enforce this Agreement to the maximum extent legally possible to give effect as nearly as possible to the original intent of the Town and Developer as expressed in this Agreement. 4.7 Termination; Amendment; Waivers. Except as hereinabove provided, this Agreement may not be terminated, modified or amended, nor may waivers hereunder be granted, except in writing and only with the consent and approval of Developer and the Town. 4.8 Notices. Any notice to be given to Developer or the Town under this Agreement shall be given by registered or certified mail, overnight courier, telecopy, telegram or hand delivered to the address of the party to whom notice is being given. Any notice sent by registered or certified mail will be deemed to have been received three business days following the date of mailing. Any notice sent by overnight courier will be deemed to have been received one business day following the date of delivery to the overnight courier. Either party may change its address for notice by advising the other party in writing of such change, and until the other party is so advised, it will be entitled to continue sending notices to the last address it is advised of in writing: If to the Town: Town of Snowmass Village P.O. Box 5010 130 Kearns Road Snowmass Village, Colorado 81615 Attention: Town Manager If to Developer: SNOWMASS ACQUISITION COMPANY LLC P.O. Box 6565 (USPS Only) 16 Kearns Road, Yd Floor (Fed Ex and UPS) Snowmass Village, CO 81615 Attn: Dwayne Romero With a copy to: SHERMAN & HOWARD LLC 320 W. Main Street 2 10 -06 -14 TC Packet Aspen CO 81611 Attn: B. Joseph Krabacher 12 130 Attachment 1 4.9 Recording. Developer and the Town each shall have the right to record this Agreement in the records of the office of the Clerk and Recorder of Pitkin County, Colorado. 4.10 Captions and Titles. All captions and titles of headings of Articles and Sections in this Agreement are for the purpose of reference and convenience and are not to be deemed to limit, modify or otherwise affect any of the provisions hereof or to be used in determining the intent or context thereof. 4.11 Attorney Fees. Notwithstanding anything to the contrary contained in this Agreement, if either party institutes legal proceedings against the other with respect to this Agreement, the non - prevailing party shall-pay to the prevailing party an amount equal _to- all attorneys' fees and disbursements and all other costs and expenses incurred by the prevailing party in connection therewith, including, without limitation, the fees and disbursements of any attorneys, accountants, engineers, appraisers or other professionals engaged by the prevailing party, whether incurred before or at trial, on appeal, in bankruptcy or in post judgment collection. z 10 -06 -14 TC Packet (Remainder of Page Intentionally Left Blank) 13 131 Attachment 1 IN WITNESS WHEREOF, the parties have caused this Amended and Restated Base Village Development Agreement to be signed on the date set forth below to be effective as of the date written above. TOWN COUNCIL OF SNOWMASS VILLAGE, COLORADO, a Colorado municipal corporation By: Name: Title: Date: APPROVED AS TO FORM: John C. Dresser, Jr.., Town Attorney [SIGNATURES CONTINUE ON FOLLOWING PAGE] 14 .a 10 -06 -14 TC Packet 132 Attachment 1 IN WITNESS WHEREOF, the parties have caused this Amended and Restated Base Village Development Agreement to be signed on the date set forth below to be effective as of the date written above. DEVELOPER: SNOWMASS ACQUISITION COMPANY LLC, A Delaware limited liability company By: z 10 -06 -14 TC Packet Name: Title: 15 133 Attachment 2 AMENDED AND RESTATED SUBDIVISION IMPROVEMENTS AGREEMENT FOR THE BASE VILLAGE PLANNED UNIT DEVELOPMENT THIS AMENDED AND RESTATED SUBDIVISION IMPROVEMENTS AGREEMENT FOR THE BASE VILLAGE PLANNED UNIT DEVELOPMENT (the "Agreement ") dated as of 12014, is made by and between SNOWMASS ACQUISITION COMPANY LLC, a Delaware limited liability company, as successor -in- interest to INTRAWEST/BRUSH CREEK DEVELOPMENT COMPANY, LLC ( "Developer ") and the TOWN OF SNOWMASS VILLAGE, COLORADO, a Colorado municipal corporation -(the "Town "). This- Agreement amends and restates in its entirety-the Subdivision Improvements Agreement for The Base Village Planned Unit Development dated November 4, 2004 between INTRAWEST/BRUSH CREEK DEVELOPMENT COMPANY LLC, a Delaware limited liability company and the TOWN OF SNOWMASS VILLAGE, COLORADO, a Colorado municipal corporation, and the First Amendment to Subdivision Improvements Agreement for The Base Village Planned Unit Development dated December 30, 2008 between BASE VILLAGE OWNER LLC, a Delaware limited liability company and the TOWN OF SNOWMASS VILLAGE, COLORADO, a Colorado municipal corporation. RECITALS A. Developer intends to develop that real property situated in the Town of Snowmass Village, Colorado commonly known as Lots 1 -9, Base Village Planned Unit Development (the "Property "), as depicted on the Plat for Base Village P.U.D., filed February 2, 2006 in Plat Book 77 at Page 30, at Reception No. 520483 of the records of Pitkin County, Colorado (the "Base Village Project "); B. The Town and Intrawest/Brush Creek Development Company LLC, a Delaware limited liability company ( "Developer ") entered into that certain Subdivision Improvements Agreement for the Base Village Planned Unit Development dated as of November 4, 2004, recorded as Reception No. 520485 in the real property records of Pitkin County, Colorado (the "Records ") as amended by the First Amendment to Subdivision Improvements Agreement for the Base Village Planned Unit Development dated as of December 30, 2008 (collectively, the "SIA" C. This Agreement amends, restates and supersedes in its entirety the SIA; D. The Town Council of the Town granted approval of the development of the Property proposed in the Application by enacting Ordinance No. 21, Series of 2004 recorded as Reception No. 520481 in the records of Pitkin County, Colorado, as amended by Ordinance No. 3, Series of 2007 recorded as Reception No. 594713 in the records of Pitkin County, Colorado (collectively, the "Ordinance "); E. The Town and the Developer have entered into an Amended and Restated Base Village Development Agreement dated , 2014 (the "Development Agreement "); 3 10 -06 -14 TC Packet 134 Attachment 2 F. The Town and the Developer have entered into a First Amendment to the Base Village Funding Agreement dated , 2014; G. The Developer will submit to the Town plans (collectively, the "Plans ") as and when required by the Development Agreement for the public infrastructure improvements consisting of the "Roundabout ", the "Upper Wood Road Improvements" and the "Snowmelt System at Garage Entry" as defined below (the "Public Improvements ") and the landscape improvements described in Section 4 below (the "Landscape Improvements" together with the Public Improvements sometimes referred to herein collectively as the "Improvements ") that must be constructed in connection with the development of the Base Village Planned Unit Development approved pursuant to Town Ordinance No. 21, Series of 2004 recorded as Reception No. 520481 in the Records ( "Base Village " -), and the Public Improvements, together with the estimated construction costs and completion schedules are all as more particularly described on Exhibit A attached hereto; H. Developer has proposed to extend the Vested Property Rights for the Property, as more particularly described in the Minor PUD Amendment application for Base Village submitted to the Town on June 30, 2014, as amended (the "Application "), and has agreed to provide or contribute to the provision of certain facilities and services within the Town of Snowmass Village for the Town's benefit as more particularly described below; and I. The Town Council of the Town granted approval of the extension of Vested Property Rights for the Property proposed in the Application by enacting Ordinance No. 3, Series of 2014 (the "Minor PUD Vesting Ordinance "), subject to certain requirements and conditions which involve the installation and construction of the Public Improvements and Landscape Improvements. J. Pursuant to the provisions of Section 16A- 5- 360(c)(2)(e) of the Snowmass Village Municipal Code (the "Code "), Developer is obligated to construct, install and guarantee the Public Improvements, and agrees to the same for the Landscape Improvements. NOW, THEREFORE, in consideration of the premises and the terms and conditions herein stated and for other good and valuable consideration, the receipt and adequacy of which is acknowledged by the parties hereto, it is agreed as follows: 1. Capitalized Terms and Definitions. The following capitalized terms and phrases used herein shall have the following meanings: "Approval" means with respect to any land use or zoning action by the Town on a land use or zoning application related to the Base Village Project that the Town has granted a final approval, an administrative or court appeal, if any, has been finally decided in a final, non - appealable judgment or order, and a referendum, if any, as to the Town action has been concluded without reversal of the Town action. "Commencement of Construction" means, with respect to the construction of the Public Improvements, that each of the following three conditions have been performed: (i) the Town has issued a building permit for the construction (if a building permit is .3 10 -06 -14 TC Packet 135 Attachment 2 required) or a right -of -way permit (for Public Improvements); (ii) a binding construction contract has been executed by the contractor and the Developer (or the owner engaged in such construction), and a true and correct copy thereof has been submitted to Town (provided any confidential or proprietary information may be redacted therefrom); and (iii) the "Mobilization" of the general contractor pursuant to the construction contract as determined by the Town's Chief Building Official. "Final Completion" of a Public Improvement means: (i) the Developer has delivered a Certification of Completion for the Public Improvement from an engineer licensed in Colorado to the Town Manager; and (ii) the Certification of Completion has been accepted by the Town Manager. "Mobilization" means transportation of the contractor's personnel, equipment, and operating supplies to the site, establishment of temporary facilities for the contractor's operations at the site, and erection of any required construction fencing for the site together with the visible commencement of actual operations on the ground for the erection of the building, which everyone can readily recognize as commencement of a building, and which is done with the intention to continue the work until the building is completed.. " Snowmelt System at Garage Entry" means the snowmelt system at the entrance /exit to the parking garage off Wood Road. "Substantial Completion" of a Public Improvement means that the entire scope of work for that Public Improvement (by way of example, other than final required landscaping) is sufficiently complete so that the public can occupy or utilize the Public Improvement for its intended use and that a Certification of Completion for the Public Improvement has been issued by an engineer licensed in Colorado. "Upper Wood Road Improvements" means the improvements and related infrastructure which includes utilities, sidewalks, grading, bus pull -out adjacent to Lot 4 of the Property for Upper Wood Road necessary for the road overlay, curb and gutter and bus shelter near the Enclave. 2. Developer's Guarantee and Warrant X. Developer hereby guarantees the installation, as hereafter provided and as necessary to serve the Property, and payment therefor, of all the Public Improvements. Developer hereby warrants all Public Improvements constructed or installed by Developer that are dedicated or to be dedicated to the Town against defects in materials and workmanship for a period of two (2) years after acceptance or until July Pt of the year during which the second (2" d) winter terminates after acceptance, whichever is later, of the Public Improvements by the Town or the utility companies as described in Section 16A -5- 360(c)(2)(e)(4) of the Code. Developer agrees to promptly correct any deficiencies in installation in order to meet the requirements of the Plans applicable to such installation. In the event such installation has not achieved Substantial Completion by the applicable milestone deadline as required by the Development Agreement, and according to the specific Plans therefor, the Town, subject to any Developer cure rights, shall have the right to cause such work 3 10 -06 -14 TC Packet 3 136 Attachment 2 to be done as is necessary to complete the installation of such Public Improvements in such manner and Developer shall be liable for the cost of such work. 3. Public Improvements. Developer shall install or construct, as applicable, all Public Improvements in accordance with the Plans for the Public Improvements by the applicable milestone deadline as required by the Development Agreement and as set forth on Exhibit A hereto. Developer acknowledges that, as required by the Ordinance, it is required to submit additional civil drawings to the Town for the Town's review and approval and that such civil drawings will include information relating to the Public Improvements. (a) Trails. (i) Developer agrees to construct the remaining trails described on the Pedestrian Circulation and Mobility Map attached hereto as Exhibit B (the "Mobility Map "), consisting of: (A) the trail connection west of Building 1 (Treehouse) between the Stonebridge Condominiums and the Lichenhearth Condominiums to connect to the Benedict Trail as shown on Exhibit B subject to establishment of any trail easements to be granted by third parties for that trail connection; (B) future trail connections required by the PUD and associated with buildings /lots that have not yet been constructed. (ii) Developer agrees to grant easements for all existing and proposed trails, or portions thereof, to be constructed on the Property for those easements that do not yet exist and as shown in the Plans and /or the Mobility Map. (iii) The Town agrees to grant easements, or to cause such easements to be granted, where necessary for Developer to satisfy its obligations under this Section 3(a). (b) Bus Shelters. Developer agrees to construct the bus shelters included within the Upper Wood Road Improvements and the Roundabout. (c) Roadways. Developer agrees to construct the following roadway improvements in accordance with the Plans and, as applicable, the standards set forth in the CD Plan Set consisting of ninety (90 %) percent complete construction drawings to be submitted in accordance with Exhibit A attached hereto: (i) the Upper Wood Road Improvements; (ii) the Snowmelt System at Garage Entry; and (iii) the Roundabout at the intersection of Brush Creek and Wood Road including an up- valley transit stop and a down - valley transit stop with a bus shelter. (d) Landing Site Construction. The Town is considering constructing an aerial connector between the Property and the "Snowmass Center" (the "Aerial Connector "). The Developer has constructed the footings and foundation for the Aerial Connector on Lot 3 of the Property to provide the structural integrity for a terminal of the Aerial Connector but is not required to construct the landing platform for the Aerial Connector (the "Landing Site "). The 3 10 -06 -14 TC Packet rd 137 Attachment 2 Developer shall convey to the Town an interest in the Landing Site sufficient to give the Town, or its assigns, the right to construct, operate, maintain, repair and replace a terminal for the Aerial Connector upon the Landing Site. Such conveyance will be in the form of a fee interest in the Landing Site and an easement that grants the Town, or its assigns, the right to so construct, operate, maintain, repair and replace the Aerial Connector terminal and the Aerial Connector itself thereon. (e) Pre - Qualification for Public Improvements. The prime contractor and specialty subcontractors, including superintendents and foremen, shall be pre - qualified by the Town Public Works Dir. or Town Engineer prior to any work being commenced. (f) SWSD Improvements Agreement. Pursuant to the Improvements Agreement (Sewer and Water Lines Upgrade) among the Town, the Developer and Snowmass Water and Sanitation District dated August 30, 2013 (the "SWSD Improvements Agreement "), the "Substandard Waterline Section" as defined in Section 4 of the SWSD Improvements Agreement will be deemed remediated by the Developer upon Final Completion of the Roundabout as required by this Agreement. 4. Landscape Improvements. Developer shall install all Landscape Improvements in accordance with the final landscape plans and specifications approved in connection with the final PUD and pursuant to the phased schedule set forth on Exhibit A attached hereto. Developer acknowledges that, as required by the Ordinance, it is required to submit additional landscaping drawings to the Town for the Town's review upon submission of building permits for approval and that such landscaping drawings will include information relating to the Landscape Improvements. The Landscape Improvements, as required by the PUD, that have not yet been constructed, will be constructed and installed as a condition to issuance of final certificates of occupancy for the building to which the Landscape Improvements are installed. Prior to issuance of a building permit, developer will post security for the amount of the Landscape Improvements per Exhibit A. 5. Traffic Control. During the construction of any Public Improvements described in this Agreement, Developer shall be responsible for controlling and expediting the movement of vehicle and pedestrian traffic through and around all construction sites and activity. 6. Maintenance and Repair. The Town acknowledges that Developer's construction traffic will accelerate the normal wear and tear of the Town's roadways. The Town acknowledges that any such accelerated wear and tear to the Town's roadways caused by normal construction traffic will be repaired using Town funds, including funds generated by the Occupancy Assessment imposed by the Town under Section 18 -42 of the Code in connection with the development of the Base Village Project. The Town hereby releases Developer from any other responsibility for such accelerated wear and tear, but not extraordinary damages from construction activities. 7. Security for Public Improvements; Release of Security. (a) As a condition of the Approval of the Minor PUD Vesting Ordinance, and within thirty (30) days after such Approval, the Developer shall deliver (i) a letter of credit (ii) a 3 10 -06 -14 TC Packet 5 im Attachment 2 payment and performance bond or (iii) other security which is reasonably acceptable to the Town (hereinafter, the "Performance Security ") for the Roundabout, the Upper Wood Road Improvements and the Snowmelt System at Garage Entry for purposes of assuring the construction of those Public Improvements, based on the preliminary cost estimates set forth in Exhibit A. The amount of the Performance Security shall be the difference between (x) one hundred percent (100%) of the cost of constructing such Public Improvements (which estimated Public Improvements costs are set forth on Exhibit A attached hereto), and (y) any amounts to be contributed by the Town as required by Section 8 below. Within 30 days after the Town Engineer approves the final cost estimates for the Public Improvements, and to the extent that the final cost estimates differ from the preliminary cost estimates, the Performance Security will be adjusted to equal the final cost estimates. Upon acceptance by the Town Manager of the Town - (the "Town Manager "), or his designee; of a Certification of Completion- for- such-Public Improvements from an engineer licensed in Colorado (hereinafter the "Acceptance "), the Performance Security shall be released and the Town will execute any such documents as are reasonably necessary to accomplish the release of the Performance Security. (b) The Performance Security: (i) if in the form of a letter of credit, shall be issued by a state or national banking institution, with offices located within the state of Colorado, in a form reasonably acceptable to the Town; or (ii) if in the form of a payment and performance bond, shall be issued by a national surety company, qualified to do business in the state of Colorado and which carries at least an "A -" rating by AM Best, in a form reasonably acceptable to the Town. (c) The Performance Security must be valid for the time period anticipated for Final Completion of the Snowmelt System at Garage Entry and or Final Completion of Roundabout and Upper Wood Road Improvements in the Development Agreement. Any extension of the time period for construction and installation of such Public Improvements shall cause the Performance Security to be extended for an equal amount of time. Any such extension shall be in writing. (d) No more frequently than once every month, the Developer shall be entitled to partial releases of the Performance Security with respect to the Public Improvements as portions of the Public Improvements are completed. In order to obtain a partial release or reduction of the Performance Security, the Developer shall submit a Certificate of Partial Completion ( "Certificate ") signed by an engineer licensed in the State of Colorado describing the portion of the Public Improvements constructed and the cost allocation associated with such Public Improvements. Such Certificate shall include a summary of the actual costs for the Public Improvements incurred to the date of the Certificate. After delivery of a Certificate, the Town Manager, or his designee, shall have a period of fifteen (15) days within which to accept the Certificate, as evidenced by a written notice to the Developer, or provide written notice to the Developer of any deficiencies in the Public Improvements. Any such notice of deficiencies shall describe the deficiency between the Public Improvements as constructed and the approved Plans. If the Town Manager, or his designee, provides the Developer written notice of acceptance of the Certificate, then the Town shall release the appropriate amount of the Performance Security as relates to such Public Improvements. If the Town Manager, or his designee, provides the Developer a letter of deficiency with respect to any portion of such Public Improvements for which the Developer has filed a Certificate, then the Town's engineer shall meet with the 0 3 10 -06 -14 TC Packet 139 Attachment 2 Developer's engineer to discuss and agree on any requirements necessary to bring such Public Improvements into conformity with the Plans. Upon compliance with any requirements delineated by the Town's engineer for compliance with the Plans, the Town shall release that portion of the Performance Security allocated for the cost of such portion of the Public Improvements. Upon the Town's initial acceptance of one or more of the Public Improvements identified in Section 3(c)(i) or Section 3(c)(ii) above that are to be dedicated to the Town, and the commencement of the two -year warranty described in Section 2 above, (i) the Town shall release that portion of the Performance Security attributable to those Public Improvements as provided above, and (ii) subject to the requirements of Section 7(b) above, the Developer shall deliver a letter of credit or payment and performance bond to the Town in an amount equal to five (5 %) percent of the cost of that Public Improvement for the purpose of securing the warranty for that - Public Improvement. Such letter of credit or payment and- performance- bond - shall be maintained by the Developer for the warranty period described in Section 2 above for that Improvement and, upon the expiration of such warranty period, the Town shall release the unexpended portion of such letter of credit or payment and performance bond. The Developer shall reimburse the Town all fees for Town's engineer to inspect such Public Improvements and approve or provide a notice of deficiency with respect to any Certificate. Subject to the amendment procedures set forth in Section 16, nothing herein shall preclude the parties from mutually establishing a different procedure for obtaining partial releases from the Performance Security. (e) The Town may, at its sole option, permit the Developer to substitute other collateral acceptable to the Town for the collateral originally given by the Developer to secure the completion of the Public Improvements. (f) In the event all the Public Improvements secured by the applicable Performance Security will not be constructed and installed prior to the expiration of such Performance Security, the Developer shall replace or secure an extension of such Performance Security on terms acceptable to the Town, at least thirty (30) days prior to expiration of such Performance Security. Except as otherwise provided in the Development Agreement, should the Developer fail to do so, the Town may draw on such Performance Security funds necessary to complete the installation of the Public Improvements and place the funds directly into an escrow account under the control of the Town, and such funds shall be used to complete the installation of the Public Improvements required hereunder. (g) The estimated costs of the Public Improvements are an estimated amount mutually agreed at this time by the Developer and the Town as set forth on Exhibit A attached hereto. In the event the cost of the Public Improvements exceeds the estimated cost, the Developer shall be solely responsible for the actual cost. The purpose of the cost estimate is solely to determine the amount of security and shall be revised every twelve (12) months to reflect the actual costs, and the applicable Performance Security required by this Agreement shall be adjusted accordingly. No representations are made as to the accuracy of these estimates, and the Developer agrees to pay the actual costs of all such Public Improvements. 8. Construction of Roundabout. (a) The development of the Base Village Project requires that a traffic roundabout and bridge be constructed at the intersection of Wood Road and Brush Creek Road. As of the 3 10 -06 -14 TC Packet IN 140 Attachment 2 date hereof, the Developer has completed construction of the Wood Road bridge portion of the Brush Creek/Wood Road Roundabout and Bridge (the "Bridge ") and the Town has accepted the Bridge, but the Developer has not yet commenced construction of the roundabout portion thereof (the "Roundabout "). The design and construction costs of the Roundabout have been estimated to be Three Million Five Hundred Thousand Dollars ($3,500,000.00). (b) In accordance with the Ordinance, the Town's contribution to the design and construction of the Roundabout and Bridge was fixed at Two Million Dollars ($2,000,000.00). The Town has previously paid or credited the Developer an amount equal to One Million Two Hundred Thousand Dollars ($1,200,000.00) for the costs incurred by the Developer's predecessor in interest to design and construct the Bridge. (c) Developer will submit the plans and specifications consisting of ninety (90 %) percent complete construction drawings to the Town by the applicable milestone deadline set forth in the Development Agreement for construction of the Roundabout (the "Roundabout Work "). Developer will enter into a construction contract with a contractor for construction of the Roundabout Work, with a stipulated sum or guaranteed maximum price for all of the Roundabout Work (the "Construction Contract "). Developer will commence the Roundabout Work shown by the final Plans and specifications, as approved by the Town Engineer, as provided in the Development Agreement. (d) In addition to such other terms and conditions agreed by the Developer and the Town, each acting reasonably, agree to the following provisions: (i) The Developer shall provide to the Town a copy of the agreements between (A) the Developer and its engineers for the design of the Roundabout (the "Design Contract "), and (B) the Developer and the contractor under the Construction Contract (the "Construction Contract "); (ii) After the Developer: (A) provides the Town a copy of each of the Design Contract and the Construction Contract; and (B) has paid at least fifty (50 %) percent of the cost of the work under the Construction Contract, the Town shall pay all costs incurred for the design and construction of the Roundabout, up to a maximum amount of Eight Hundred Thousand Dollars ($800,000.00), within thirty (30) days after receiving written request therefor from the Developer, which written request shall include copies of all applicable bills, invoices and conditional lien waivers relating to such costs, subject to the review and reasonable approval of the Town engineer; and (iii) The Roundabout shall be constructed in accordance with the CD Plan Set consisting of ninety (90 %) percent complete construction drawings to be submitted in accordance with Exhibit A attached hereto. 9. Default. Subject to the provisions of Section 16A- 5- 360(c)(2)(e)(5) of the Code, if Developer fails to observe or perform any of its obligations set forth above in any material respect, Developer shall have the right to cure said default after written notice by the Town of the default to Developer. If Developer fails to cure such default within sixty (60) days after written 3 10 -06 -14 TC Packet N. 141 Attachment 2 notice is given from the Town to Developer (or if such default cannot be cured within the sixty (60) day period of time, if Developer shall fail to promptly commence to cure the same and thereafter diligently proceed with such cure), then the Town shall be entitled to undertake such work as may be necessary and appropriate to cure such default. The Town shall be entitled to full reimbursement for the reasonable costs of all such work. Notwithstanding the foregoing, upon an event of default by Developer as described above that remains uncured beyond the cure period described above, Developer shall not be entitled to receive a building permit for the construction of any of the buildings described in the Ordinance remaining to be constructed until such default has been cured. Any written notice required to be given to Developer shall be given by first class mail, postage prepaid, and by certified mail, return receipt requested, to the following addresses: If to the Town: Town of Snowmass Village P.O. Box 5010 130 Kearns Road Snowmass Village, Colorado 81615 Attention: Town Manager Telephone: (970) 923 -3777 Facsimile: (970) 923 -6083 If to Developer: SNOWMASS ACQUISITION COMPANY LLC P.O. Box 6565 (USPS Only) 16 Kearns Road, 3`d Floor (Fed Ex and UPS) Snowmass Village, CO 81615 Attn: Dwayne Romero With a copy to: SHERMAN & HOWARD LLC 320 W. Main Street Aspen CO 81611 Attn: B. Joseph Krabacher Developer may notify the Town in writing of any change in address to which this notice shall be given. 10. Assignment. Developer may assign its rights and obligations under this Agreement, or any portion thereof, without the Town's consent by a written recorded instrument expressly assigning such rights and powers to any of the following entities: (i) any Affiliate of Developer; (ii) Aspen Skiing Company, LLC, or any of its Affiliates; or (iii) any entity which succeeds to substantially all of Developer's remaining development rights with respect to the Property as described in the Ordinance. Upon an assignment by Developer of any of its rights or obligations under this Agreement to an entity listed above, an assumption of those rights or obligations (including substitution of financial assurances) by such assignee, and, if the assignment is to an entity listed in (i) through (iii) above, evidence from a reputable banking institution or surety company that the Affiliate is bondable (subject to any guaranties from Developer or another third party required to be posted by such banking institution or surety company), Developer shall be released of all liabilities arising under this Agreement with respect to such rights or obligations. Notwithstanding the foregoing, if Developer assigns any of its 3 10 -06 -14 TC Packet 0 142 Attachment 2 rights or obligations under this Agreement to any entity described above which is not an Affiliate of Developer or Aspen Skiing Company, LLC, and at the time of such assignment security for the obligations so- assigned has not yet been posted with the Town, then Developer shall not be released of its liabilities arising under this Agreement with respect to such rights or obligations until the applicable security described in Section 7 above has been posted. For purposes hereof, "Affiliate" shall mean any natural person or entity that owns or controls, is owned or controlled by, or is under common ownership with an entity. "Ownership" or "control" means (A) direct or indirect ownership or control of at least Fifty (50 %) percent of all outstanding equity interests in an entity, or (B) the ability to direct or cause the direction of the management of an entity by ownership of equity interests, agreement or otherwise. 11. - - - -- - Bindin - Effect. This Agreement- shall -be- binding upon and- inure -to- the benefit of Developer and its respective successors and assigns. 12. Burden and Benefits. Each of the benefits, burdens, terms, covenants, agreements and conditions of this Agreement shall be construed as covenants running with the land benefiting and burdening the Property or any applicable portion thereof, and it is the intent of the parties that such benefits, burdens, terms, covenants, agreements and conditions touch and concern such property. 13. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Colorado. 14. Interpretation. Unless the context of this Agreement clearly requires otherwise: (a) terms defined in the singular may be used in the plural, and terms defined in the plural may be used in the singular; (b) "including" and "such as" are not limited; (c) "or" has the inclusive meaning represented by the phrase "and /or "; (d) the words "hereof," "herein," "hereby," "hereunder" and similar terms in this Agreement refer to this Agreement as a whole and not to any particular provision of this Agreement; (e) Article, Section, clause, paragraph and Exhibit references are to this Agreement unless otherwise specified; (f) references to any agreement (including this Agreement), document or instrument means such agreement, document or instrument as amended or modified and in effect from time to time in accordance with the terms thereof and, if applicable, the terms hereof; and (g) all of the exhibits to this Agreement are hereby incorporated into this Agreement by reference. In the event of any conflict between a term, condition or provision of this Agreement and a provision of the Code, the terms of this Agreement shall control. .3 10 -06 -14 TC Packet ffitl Attachment 2 15. Severability. If any provision of this Agreement shall be invalid, illegal, void or unenforceable, it shall not affect or impair the validity, legality or enforceability of this Agreement or any other provision hereof, and a court shall enforce this Agreement to the maximum extent legally possible to give effect as nearly as possible to the original intent of the Town and Developer as expressed in this Agreement. If any provision of this Agreement is invalid, illegal, void or unenforceable not in its entirety but as applied to a particular act, thing or circumstance, such provision shall not affect or impair the validity, legality or enforceability of this Agreement or any provision hereof as applied to any other act, thing or circumstance, and a court shall apply such provision and enforce this Agreement to the maximum extent legally possible to give effect as nearly as possible to the original intent of the Town and Developer as expressed in this Agreement. 16. Amendment, Termination. Except as herinabove provided, this Agreement may not be terminated, modified or amended, nor may waivers hereunder be granted, except in writing and only with the consent and approval of Developer and the Town. 17. Recording. Developer and the Town each shall have the right to record this Agreement in the records of the office of the Clerk and Recorder of Pitkin County, Colorado. 18. Captions and Titles. All captions and titles of headings of Articles and Sections in this Agreement are for the purpose of reference and convenience and are not to be deemed to limit, modify or otherwise affect any of the provisions hereof or to be used in determining the intent or context thereof. 3 10 -06 -14 TC Packet (Remainder of Page Intentionally Left Blank) 11 144 Attachment 2 IN WITNESS WHEREOF, the parties have caused this Amended and Restated Subdivision Improvements Agreement for the Base Village Planned Unit Development to be signed on the date set forth below to be effective as of the date written above. TOWN COUNCIL OF SNOWMASS VILLAGE, COLORADO, a Colorado municipal corporation By: _ Name: Title: Date: _ APPROVED AS TO FORM: John C. Dresser, Jr., Town Attorney STATE OF COLORADO ) ) ss. COUNTY OF PITKIN ) The foregoing instrument was acknowledged before me this _ day of 2014, by as Town Manager of the Town of Snowmass Village, Colorado. WITNESS MY HAND AND OFFICIAL SEAL. My commission expires: Notary Public [SIGNATURES CONTINUE ON FOLLOWING PAGE] 12 3 10 -06 -14 TC Packet 145 Attachment 2 IN WITNESS WHEREOF, the parties have caused this Amended and Restated Subdivision Improvements Agreement for the Base Village Planned Unit Development to be signed on the date set forth below to be effective as of the date written above. DEVELOPER: SNOWMASS ACQUISITION COMPANY LLC, A Delaware limited liability company By Name: Title: STATE OF COLORADO ) ss. COUNTY OF PITKIN ) The foregoing instrument was acknowledged before me this day of 2014, by Dwayne Romero as of Snowmass Acquisition Company LLC, a Delaware limited liability company. WITNESS MY HAND AND OFFICIAL SEAL. My commission expires: 3 10 -06 -14 TC Packet 13 iL11 Notary Public (Publ Dated: Type Plans/Description Roundabout To be submitted by October 1, 2014 EXHIBIT A is Improvements)' , 2014 Preliminary Estimated Cost $3,500,000 Upper Wood Road Improvements To be submitted by $1,400,000 October 1, 2015 Attachment 2 Completion Schedule June 1, 2015 Commencement of Construction November 1, 2015 - - Substantial Completion July 1, 2016 Final Completion May 1, 2017 Commencement of Construction November 1, 2017 Final Completion Snowmelt Improvements To be submitted $350,000 May 1, 2017 in conjunction with Commencement of Building 8 Permit Set Construction November 1, 2017 Substantial Completion LANDSCAPE IMPROVEMENTS Type Plans/Description Est. Cost Phase 1B L2 -2 Phase 1 planting plan $2,100,000 Phase 2B L2 -2 Phase 1 planting plan $2,100,000 Phase 3 L3 -2 Phases 2,3,4 & 5 $1,100,000 Planting plan ' The dates on this Exhibit A are subject to adjustment as provided in the Amended and Restated Development Agreement. 14 3 10 -06 -14 TC Packet 147 Attachment 2 LANDSCAPE IMPROVEMENTS (Continued) Type Plans/Description Est. Cost Phase 4 L3 -2 Phases 2,3,4 & % $1,000,000 Planting plan Phase 5 L3 -2 Phases 2,3,4 & 5 $1,000,000 Planting plan 15 3 10 -06 -14 TC Packet 148 3 10 -06 -14 TC Packet EXHIBIT B (2004 Pedestrian Circulation and Mobility Map) 16 • Attachment 2 k E O(IVHOlOJ 'SSb'WMONS FA C? BOV7V1 SSHWMONS Wgo 10 -06 -14 TC Packet 150 Attachment 3 FIRST AMENDMENT TO BASE VILLAGE FUNDING AGREEMENT THIS FIRST AMENDMENT TO BASE VILLAGE FUNDING AGREEMENT (the "First Amendment ") is entered into to be effective as of , 2014, between SNOWMASS ACQUISITION COMPANY LLC, a Delaware limited liability company, as successor -in- interest to INTRAWEST/BRUSH CREEK DEVELOPMENT COMPANY, LLC (the "Developer ") and the TOWN OF SNOWMASS VILLAGE, COLORADO, a Colorado municipal corporation (the "Town "). RECITALS WHEREAS the Town and Intrawest/Brush Creek Development Company LLC, a Delaware limited liability company ( "IBC ") entered into that certain Base Village Funding Agreement dated as of November 4, 2004, recorded as Reception No. 520496 in the real property records of Pitkin County, Colorado (the "Funding Agreement "); WHEREAS the Funding Agreement sets forth certain public improvements and contributions that must be completed in connection with the development of the Base Village Planned Unit Development (the "Base Village Project ") approved pursuant to Town Ordinance No. 21, Series of 2004 recorded as Reception No. 520481 in the of Pitkin County, Colorado, as amended (the "Ordinance "); WHEREAS Developer has proposed to extend the Vested Property Rights for the Property, as more particularly described in the Minor PUD Amendment application for Base Village submitted to the Town on June 30, 2014, as amended (the "Application "), and has agreed to provide or contribute to the provision of certain facilities and services within the Town of Snowmass Village for the Town's benefit as more particularly described below; WHEREAS the Town Council of the Town granted approval of the extension of Vested Property Rights for the Property proposed in the Application by enacting Ordinance No. 3, Series of 2014 (the "Minor PUD Vesting Ordinance "); WHEREAS the Town and the Developer have entered into an Amended and Restated Subdivision Improvements Agreement for the Base Village Planned Unit Development dated , 2014 (the "SIA "); WHEREAS the Town and the Developer have entered into an Amended and Restated Base Village Development Agreement dated , 2014 (the "Development Agreement "); and WHEREAS the Town and the Developer now desire to amend the Funding Agreement as more particularly set forth herein. .2 10 -06 -14 TC Packet 151 Attachment 3 1101 D1010AMIN _y NOW, THEREFORE, in consideration of the promises and the terms and conditions herein stated and for other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged by the parties hereto, it is agreed as follows: 1. Capitalized Terms. All capitalized terms and phrases used herein but not otherwise defined shall have the same meanings given to them in the Funding Agreement. 2. Developer Contributions Completed. Subject to the obligations of the Developer in the SIA and the Development Agreement, the obligations of the Developer under the Funding Agreement have been satisfied._ 3. Notices. Section 5.6 of the Funding Agreement is hereby amended to change the addresses for notices to the the Developer as follows: If to the Developer: SNOWMASS ACQUISITION COMPANY LLC P.O. Box 6565 (USPS Only) 16 Kearns Road, 3rd Floor (Fed Ex and UPS) Snowmass Village, CO 81615 Attn: Dwayne Romero With a copy to: SHERMAN & HOWARD LLC 320 W. Main Street Aspen CO 81611 Attn: B. Joseph Krabacher 4. Counterparts. This First Amendment may be executed in multiple counterparts, each of which shall be an original and all of which together shall constitute one and the same First Amendment. It shall not be necessary that each party execute each counterpart, or that any one counterpart be executed by more than one party, so long as each party executes at least one counterpart. 5. Governing Law. This First Amendment shall be governed by and construed in accordance with the laws of the State of Colorado. a 10 -06 -14 TC Packet [Remainder of Page Intentionally Left Blank] 2 152 Attachment 3 IN WITNESS WHEREOF, the parties have caused this First Amendment to Base Village Funding Agreement to be signed on the date set forth below to be effective as of the date written above. TOWN COUNCIL OF SNOWMASS VILLAGE, COLORADO, a Colorado municipal corporation By: _ Name: Title: Date: APPROVED AS TO FORM: John C. Dresser, Jr., Town Attorney [SIGNATURES CONTINUE ON FOLLOWING PAGE] 3 z 10 -06 -14 TC Packet 153 Attachment 3 IN WITNESS WHEREOF, the parties have caused this First Amendment to Base Village Funding Agreement to be signed as of the date set forth below to be effective as of the date written above. DEVELOPER: SNOWMASS ACQUISITION COMPANY LLC, A Delaware limited liability company By: Name: Title: 4 z 10 -06 -14 TC Packet 154 Exhibit 2 AMENDED AND RESTATED BASE VILLAGE DEVELOPMENT AGREEMENT THIS AMENDED AND RESTATED BASE VILLAGE DEVELOPMENT AGREEMENT (this "Agreement ") dated as of , 2014, is made by and between SNOWMASS ACQUISITION COMPANY LLC, a Delaware limited liability company, as successor -in- interest to INTRAWEST/BRUSH CREEK DEVELOPMENT COMPANY, LLC ( "Developer ") and the TOWN OF SNOWMASS VILLAGE, COLORADO, a Colorado municipal corporation (the "Town "). This Agreement amends and restates in its entirety the Base Village Development Agreement dated November 4, 2004 between INTRAWEST/BRUSH CREEK DEVELOPMENT COMPANY LLC, a Delaware limited liability company and the TOWN OF- SNOWMASS VILLAGE, COLORADO, -a- Colorado municipal corporation.- RECITALS WHEREAS Developer intends to develop that real property situated in the Town of Snowmass Village, Colorado commonly known as Lots 1 -9, Base Village Planned Unit Development (the "Property "), as depicted on the Plat for Base Village P.U.D., filed February 2, 2006 in Plat Book 77 at Page 30, at Reception No. 520483 of the records of Pitkin County, Colorado; WHEREAS the Town and Intrawest/Brush Creek Development Company LLC, a Delaware limited liability company ( "IBC ") entered into that certain Base Village Development Agreement dated as of November 4, 2004, recorded as Reception No. 520495 in the real property records of Pitkin County, Colorado (the "Development Agreement "). The Development Agreement describes the "Vested Property Rights ", as such term is defined in the Town Municipal Code (the "Code ") associated with the Base Village Planned Unit Development (the "Base Village Project "); WHEREAS this Agreement amends, restates and supersedes in. its entirety, the Development Agreement dated November 4, 2004; WHEREAS the Town Council of the Town granted approval of the development of the Property proposed in the Application by enacting Ordinance No. 21, Series of 2004 recorded as Reception No. 520481 in the records of Pitkin County, Colorado, as amended by Ordinance No. 3, Series of 2007 recorded as Reception No. 594713 in the records of Pitkin County, Colorado (collectively, the "Ordinance "); WHEREAS the Code authorizes the execution of "development agreements" by the Town and the execution of this Agreement is contemplated by the Ordinance; WHEREAS Developer has proposed to extend the Vested Property Rights for the Property, as more particularly described in the Minor PUD Amendment application for Base Village submitted to the Town on June 30, 2014, as amended (the "Application "), and has agreed to provide or contribute to the provision of certain facilities and services within the Town of Snowmass Village for the benefit of the Town and the Base Village PUD as more particularly described below; z 10 -06 -14 TC Packet 155 Exhibit 2 WHEREAS the Town Council of the Town granted approval of the extension of Vested Property Rights for the Property proposed in the Application by enacting Ordinance No. 3, Series of 2014 (the "Minor PUD Vesting Ordinance "); WHEREAS The Town and the Developer have entered into an Amended and Restated Subdivision Improvements Agreement for the Base Village Planned Unit Development dated , 2014 (the "SIA "); and WHEREAS The Town and the Developer have entered into a First Amendment to the Base Village Funding Agreement dated , 2014. NOW, THEREFORE, in consideration of the mutual covenants contained herein, and other good and valuable consideration the sufficiency of which is hereby acknowledged, the parties agree as follows: ARTICLE I VESTED RIGHTS 1. Capitalized Terms and Definitions. The following capitalized terms and phrases used herein shall have the following meanings: "Approval" means with respect to any land use or zoning action by the Town on a land use or zoning application related to the Base Village Project that the Town has granted a final approval, an administrative or court appeal, if any, has been finally decided in a final, non - appealable judgment or order, and a referendum, if any, as to the Town action has been concluded without reversal of the Town action. "Commencement of Construction" means that, with respect to the each of the milestone deadlines in Section 1.3.5 below that include construction of public or private improvements, that each of the following three conditions have been performed: (i) the Town has issued a building permit for the construction (if a building permit is required) or a right -of -way permit (for Public Improvements); (ii) a binding construction contract has been executed by the contractor and the Developer (or the owner engaged in such construction), and a true and correct copy thereof has been submitted to Town (provided any confidential or proprietary information may be redacted therefrom); and (iii) the "Mobilization" of the general contractor pursuant to the construction contract as determined by the Town's Chief Building Official. "Cure Period" means fifteen (15) days after the failure of the Developer to observe or perform any of its obligations under any of the milestone dates under Section 1.3.5. "Denial" means with respect to any land use or zoning action by the Town on a land use or zoning application related to the Base Village Project that the Town has denied a final approval, an administrative or court appeal, if any, has been finally decided in a final, non - appealable judgment or order, and a referendum, if any, as to the Town action has been concluded. A Denial also includes Town action that is subsequently reversed by court order, reconsideration or referendum. 2 10 -06 -14 TC Packet 2 156 Exhibit 2 "Event of Force Majeure" means the Developer's performance of work is unreasonably delayed, disrupted or interfered with as a result of an Act of God, as reasonably determined by the Town Council. In the event the Town Council so determines that there was an Event of Force Majeure, the applicable milestone deadlines affected by the Event of Force Majeure will be extended for such period of time as so determined by the Town Council. "Event of Nonperformance" means the failure of the Developer to perform any of the tasks or work set forth in Section 1.3.5 below by the applicable milestone date(s), and the continuance of such failure to perform beyond the expiration of the Cure Period and subject to -any-Event of Force Majeure. "Final Completion" of a Public Improvement means: (i) the Developer has delivered a Certification of Completion for the Public Improvement from an engineer licensed in Colorado to the Town Manager; and (ii) the Certification of Completion has been accepted by the Town Manager. "Mobilization" means transportation of the contractor's personnel, equipment, and operating supplies to the site, establishment of temporary facilities for the contractor's operations, and erection of any required construction fencing for the site. "Snowmelt System at Garage Entry" means the snowmelt system at the entrance /exit to the parking garage off Wood Road. "Substantial Completion" of a Public Improvement means that the entire scope of work for that Public Improvement (by way of example, other than final required landscaping) is sufficiently complete so that the public can occupy or utilize the Public Improvement for its intended use and that a Certification of Completion for the Public Improvement has been issued by an engineer licensed in Colorado. "Substantial Completion" of a private improvement means that an improvement is sufficiently complete so that the public (or the owner with respect to the private improvements) can occupy or utilize the improvement for its intended use and a temporary certificate of occupancy has been issued by the Town for the improvement. "Upper Wood Road Improvements" means the improvements and related infrastructure which includes utilities, sidewalks, grading, bus pull -out adjacent to Lot 4 of the Property for Upper Wood Road necessary for the road overlay, curb and gutter and bus shelter near the Enclave. 1.1 Vested Property Rights. a. The Town and Developer agree that all rights of Developer granted, recognized and confirmed in the Ordinance and this Agreement constitute "Vested Property Rights ", as such term is defined in the Code. By way of illustration, and not limitation, "Vested Property Rights" include the right to develop, plan and engage in land uses on the Property in accordance with the 2 10 -06 -14 TC Packet 157 Exhibit 2 provisions of the Ordinance for the periods of time described in Section 1.3 below. Unless expressly provided to the contrary therein, all modifications and amendments to the Ordinance or any other Approval, agreements or material related to the development of the Property shall become part of the Vested Property Rights recognized hereunder automatically upon Approval or execution by the Town and such vesting shall last throughout the term of the Vested Property Rights. b. The Town shall not enforce against Developer or the Property any amendment to the Code adopted after November 3, 2004, or any other zoning, land use or other legal, administrative rule, regulation, ordinance, resolution or requirement that does not apply to the Property as of November 3, 2004, or otherwise take any other action that would directly or indirectly have the effect of impairing preventing, - diminishing imposing - -a moratorium on development, or otherwise delaying the development or use of the Property in accordance with this Agreement or the Ordinance. Except for those conditions contemplated in the Ordinance or the Code in effect as of November 3, 2004, and any other agreements related to the development or use of the Property executed between the Town and Developer, the Town shall not subject development or use of the Property to any exactions, payments, dedication or reservation requirements, obligations for constructing on -site or off -site public improvements or facilities, or the payment of any fees in lieu of any of the foregoing in connection with the development, construction, use or maintenance of the Property as described in the Ordinance or any other exercise of the Vested Property Rights. C. Notwithstanding the foregoing, the Vested Property Rights recognized herein shall not exempt Developer from requirements for building permits, other necessary permits or other approvals required subsequent to the approval of the development of the Property (as required by the Code in effect as of November 3, 2004). The establishment of the Vested Property Rights shall not preclude the application of the requirements of the building code, fire code, plumbing code, electrical code, the mechanical code or of any regulations specifically adopted to correct or mitigate natural or man -made hazards on or in the immediate vicinity of the Property, which hazards could not reasonably have been discovered at the time the Ordinance was approved, and which hazards, if uncorrected, would pose a serious threat to the public health, safety, and welfare, all as more particularly described in Section 24 -68 -105 of the Colorado Revised Statutes. 1.2 Condition Subsequent to Continued Existence of Vested Property Rights. a. Developer has agreed to provide or contribute to the provision of certain facilities and services within the Town for the benefit of the community pursuant to the terms of the following agreements (collectively, the "Other Agreements "): (i) Base Village Services Agreement, dated effective as of November 4, 2004 between Developer and the Town; (ii) Amended and Restated Subdivision Improvements Agreement for the Base Village Planned Unit Development dated effective as of , 2014 between Developer and the Town (the "SIA "); z 10 -06 -14 TC Packet Exhibit 2 (iii) Base Village Funding Agreement dated effective as of November 4, 2004, as amended by the First Amendment to Base Village Funding Agreement dated effective as of 2014 between Developer and the Town. (iv) Restricted Housing Agreement dated effective as of November 4, 2004 between Developer and the Town, the First Amendment to Restricted Housing Agreement dated effective as of February 26, 2007 between Developer and the Town, and the Second Amendment to Restricted Housing Agreement dated effective as of May 27, 2014 between Developer and the Town. b. The continued existence and duration of the Vested Property Rights recognized in this Agreement is_ subject to the condition that no Material Default by_ Developer_ shall occur under any of the Other Agreements or the Ordinance. If a Material Default shall occur, then, as provided in Section 16A- 5 -90(c) of the Code, the Vested Property Rights shall be terminated. For purposes hereof, "Material Default" shall mean a failure by Developer to perform any of its obligations under any of the Other Agreements or the Ordinance in any material respect that remains uncured after the expiration of any applicable cure period as such default is conclusively determined by a court of competent jurisdiction in a final, non - appealable judgment or order. 1.3 Duration. 1.3.1 First Interim Vesting Extension. In consideration of Developer's performance of its obligations undertaken in the Other Agreements and in recognition of the time and expense required for the development of the Property and the effect of varying economic cycles and market conditions, the Town has concluded and agrees that the Vested Property Rights are vested and shall continue to remain vested for a period commencing on November 4, 2004 and expiring on November 3, 2018 (the "First Interim Vesting Extension Date "). 1.3.2 Second Interim Vesting Extension. If the Developer has performed (or caused to be performed) the tasks or work described in the each of the applicable milestone deadlines set forth in Section 1.3.5 that are required to be performed on or before the First Interim Vesting Extension Date, the Vested Property Rights shall be automatically extended for another one (1) year period expiring on November 3, 2019 (the "Second Interim Vesting Extension Date "). 1.3.3 Final Vesting Extension. If the Developer has performed (or caused to be performed) the tasks or work described in the each of the applicable milestone deadlines set forth in Section 1.3.5 that are required to be performed after the First Interim Vesting Extension Date and on or before the Second Interim Vesting Extension Date, the Vested Property Rights shall be automatically extended for the period expiring on November 3, 2024. 1.3.4 Termination of Vested Property Rights. Notwithstanding the foregoing, the Vested Property Rights granted under Article I of this Agreement will not be automatically extended and are subject to termination if the Developer is subject to an Event of Nonperformance as to any of such tasks or work described are not performed on or before the applicable deadline(s), and in such event the termination of the Vested Property Rights granted under Article I of this Agreement is not a compensable takings but rather an agreed upon consequence of non - performance by the applicable deadline(s). z 10 -06 -14 TC Packet 5 we Exhibit 2 1.3.5 Milestone Deadlines. The following are the milestone deadlines and the tasks or work the Developer shall perform or cause to be performed on or before the applicable deadline dates, as those dates may be adjusted in accordance with the express provisions of this Agreement: a. October 1, 2014 — Submit Construction Documents Plans for the Roundabout: This date is the deadline for Developer to submit "Construction Documents" for the Roundabout (the "Roundabout CD Plan Set ") consisting of ninety (90%) percent complete construction drawings. The Roundabout CD Plan Set shall set forth in detail the requirements for construction of the Roundabout and shall include drawings and specifications that establish in detail the - quality levels -of materials and systems- required -for -the- Roundabout: b. October 15, 2014 — Submit Application(s) for PUD Amendment: This date is the deadline for Developer to submit an application to amend the PUD for Lots 2, 3 & 4, to amend and /or affirm the PUD for Lots 5, 6, 7 & 8, and to provide a comprehensive update of all approval and PUD documents affected by such application (the "PUD Amendment Application "). At the option of the Developer, the PUD Amendment Application may include Lot 8 (Building 13B), if the Developer determines that changes are necessary to the current approved plans for Lot 8 or Building 13B. The Developer anticipates that the date of final Town action on the PUD Amendment Application will occur on or before May 31, 2015 (the "PUD Amendment Action Date "). The submission deadline for the PUD Amendment Application shall be subject to Section 1.3.4. Insofar as the Developer does not control the review process, the PUD Amendment Action Date is not subject to the provisions of Section 1.3.4. (i) Delayed Approval of PUD Amendment Application. If the Approval of the PUD Amendment Application is not achieved by the PUD Amendment Action Date (or the PUD Amendment Application is still pending on the PUD Amendment Action Date), the milestone deadlines below (other than Substantial Completion of Community Facility (Section 1.3.5.0), Substantial Completion of Lot 3 (Section 1.3.5.p), and Substantial Completion of Lot 2 (Section 1.3.5.q)), will be extended as follows: (A) the milestone deadlines for Commencement of Construction of the Roundabout (Section 1.3.5.d) and Commencement of Construction of Building 13B (Section 1.3.5.e) will each be automatically extended to the start of the next construction season on May 31 of the next calendar year; and (B) the milestone deadlines for Substantial Completion and Final Completion Construction of the Roundabout (Sections 1.3.5.g and Section 1.3.5h) and Substantial Completion of Building 13B (Section 1.3.5.j) will each be automatically extended for one year. If the Approval of the PUD Amendment Application is not achieved by September 30, 2015, the milestone deadlines for Construction Documents Plans for the Upper Wood Road Improvements (Section 1.3.51) and for Construction Documents Plans for the Community Purpose Facility (Section 1.3.5.1) will each be extended to the a 10 -06 -14 TC Packet We Exhibit 2 start of the next construction season on May 31 of the next calendar year, and the milestone deadlines for Commencement of Construction and Final Completion Construction of the Upper Wood Road Improvements (Sections 1.3.51 and Section 1.3.5m) and Substantial Completion of of the Snowmelt System at Garage Entry (Section 1.3.5.n) will each be automatically extended for one year. To the extent an Approval occurs after the PUD Amendment Action Date, the Developer and the Town will execute an amendment to this Agreement setting forth and confirming the revised milestone deadlines. (ii) Accelerated Milestone Deadlines for Building 5 Limelight Snowmass. If - - the Approval of the PUD Amendment Application is achieved,- and- -the Approval includes the Aspen Skiing Company's proposed Limelight Hotel and Residences on Lot 2, then there will be a new milestone deadline under Section 1.3.5 for Commencement of Construction on Lot 2, which shall be the date that is 365 days after the date of such Approval. In addition, if the Approval of the PUD Amendment Application is achieved, and the Approval includes the Aspen Skiing Company's proposed Limelight Hotel and Residences on Lot 2, then the milestone deadline under Section 1.3.5.q for Substantial Completion of Lot 2 subject to the Approval will be changed to November 1, 2018. (iii) Denial of PUD Amendment Application. If the action on the PUD Amendment Application is a Denial, the Vested Property Rights granted under Article I of this Agreement will be terminated except as to Buildings 7, 8 and 13B. In such event the termination of the Vested Property Rights granted under Article I of this Agreement is not a compensable takings but rather an agreed upon consequence of Denial of the PUD Amendment Application. Notwithstanding the foregoing, the Developer will have the right to reinstate the Vested Property Rights by: (i) giving notice to the Town within fifteen (15) days after the Denial of its intent to reinstate; (ii) Commencement of Construction of the Public Improvements as soon as practicable but no later than May 31 of the calendar year next following such Denial; and (iii) achieving Substantial Completion of the Public Improvements no later than one (1) year after Commencement of Construction of the Public Improvements. Upon Final Completion of the Roundabout and Substantial Completion of the Upper Wood Road Improvements and Snowmelt System at Garage Entry, the Vested Property Rights will be reinstated retroactively as though never terminated, and each of the applicable milestone deadlines will be extended for a period of two (2) years. Upon Commencement of Construction of the Public Improvements and for so long as the Developer diligently proceeds with the work, the Developer will have the right to submit a new or revised PUD amendment application (notwithstanding the Code provisions of 16A -5 -70(5) that restricts a new application from being submitted for one year after a Denial), based upon the assumption that the Vested Property Rights will be reinstated retroactively. C. Submit and Provide Financial Guarantees for Roundabout, Upper Wood Road Improvements and Snowmelt System at Garage Entry: The Developer has delivered to the Town Engineer preliminary cost estimates for the expected costs for the Roundabout, Upper Wood Road Improvements and Snowmelt System at Garage Entry ( "Public Improvements ") for .z 10 -06 -14 TC Packet 7 161 Exhibit 2 approval by the Town Engineer. Within thirty (30) days after Approval of the Minor PUD Vesting Ordinance, the Developer shall deliver (i) a letter of credit (ii) a payment and performance bond or (iii) other security which is reasonably acceptable to the Town (hereinafter, the "Performance Security "), based on such preliminary cost estimates. The amount of the Performance Security shall be the difference between (x) one hundred percent (100 %) of the cost of constructing the Public Improvements, and (y) any amounts to be contributed by the Town as required by the SIA. Within 30 days after the Town Engineer approves the final cost estimates for these Public Improvements, and to the extent that the final cost estimates differ from the preliminary cost estimates, the financial security will be adjusted to equal the final cost estimates. d. -June 1, 2015— Commencement of Construction -of Roundabout: This date is -the deadline for Commencement of Construction of the Roundabout. e. July 1, 2015 - Commencement of Construction of Building 13B: This date is the deadline for Commencement of Construction of Building 13B. f. October 1, 2015 — Submit Construction Documents Plans for the Upper Wood Road Improvements: This date is the deadline for Developer to submit "Construction Documents" for the Upper Wood Road Improvements (the "Upper Wood Road CD Plan Set ") consisting of ninety (90 %) percent complete construction drawings. The Upper Wood Road CD Plan Set shall set forth in detail the requirements for construction of the Upper Wood Road Improvements and shall include drawings and specifications that establish in detail the quality levels of materials and systems required for the Upper Wood Road Improvements. g. November 1, 2015— Substantial Completion of Roundabout: This date is the deadline for Substantial Completion of construction of the Roundabout. h. July 1, 2016 — Final Completion of Roundabout: This date is the deadline for Final Completion of construction of the Roundabout. i. October 1, 2016— Submit Construction Documents Plans for the Community Purpose Facility: This date is the deadline for Developer to submit "Construction Documents" for the Community Purpose Facility (the "Community Purpose Facility CD Plan Set ") consisting of ninety (90 %) percent complete construction drawings. The Community Purpose Facility CD Plan Set shall set forth in detail the requirements for construction of the Community Purpose Facility and shall include drawings and specifications that establish in detail the quality levels of materials and systems required for the Community Purpose Facility. j. December 31, 2016 - Substantial Completion of Building 13B: This date is the deadline for Substantial Completion of construction of Building 13B. k. May 1, 2017 — Commencement of Construction of Upper Wood Road Improvements: This date is the deadline for Commencement of Construction of the Upper Wood Road Improvements. a 10 -06 -14 TC Packet 162 Exhibit 2 1. May 1, 2017 — Commencement of Construction of Snowmelt System at Garage Entry: This date is the deadline for Commencement of Construction of the Snowmelt System at Garage Entry. m. November 1, 2017 - Final Completion of U pper Wood Road Improvements: This date is the deadline to achieve Substantial Completion of construction of the Upper Wood Road Improvements. n. November 1, 2017 - Substantial Completion of Snowmelt System at Garage Entry: This date is the deadline to achieve Substantial Completion of construction of the Snowmelt System at Garage Entry. o. November 1, 2018 - Substantial Completion of Community Facility: This date is the deadline to achieve Substantial Completion of construction of the Community Facility. P. November 1, 2018 - Substantial Completion of Lot 3: This date is the deadline for Substantial Completion of construction of Lot 3, including Building 7 and Building 8 with the medical clinic space. q. November 1, 2019 - Substantial Completion of Lot 2: This date is the deadline for Substantial Completion of construction of Lot 2; provided that this date may be accelerated as set forth in Section 1.3.5.b(ii). 1.3.6 Liquidated Damages. "Liquidated Damages" means the amount of One Thousand Five Hundred Dollars ($1,500.00) per day, commencing on the first day following termination of the milestone deadline in Section 1.3.5.j for Substantial Completion of Building 13B if an Event of Nonperformance occurs with respect to that milestone deadline. The Liquidated Damages will continue to accrue until the actual date of Substantial Completion of Building 13B, up to an aggregate maximum of One Million Dollars ($1,000,000.00). The Developer acknowledges and recognizes that the Town will sustain damages and losses as a result of any such Developer failure, the exact amount of which will be extremely difficult to ascertain. Therefore, the Town and Developer agree that if Developer fails to achieve Substantial Completion of Building 13B within the applicable milestone deadline, the Town shall be entitled to recover the Liquidated Damages from Developer, as liquidated damages and not as a penalty. Until the Developer pays such Liquidated Damages for failure to perform the milestone deadline in Section 1.3.5.j, the Vested Property Rights granted under Article I of this Agreement shall be deemed terminated, except as to Buildings 7, 8 and 13B and any other building for which Commencement of Construction has occurred after the date of this Agreement. In such event the termination of the Vested Property Rights granted under Article I of this Agreement is not a compensable takings but rather an agreed upon consequence of failure of the Developer to pay the Liquidated Damages to the Town. Notwithstanding anything to the contrary herein, if the Developer pays the Liquidated Damages, the Vested Property Rights granted under this Agreement will be reinstated retroactively as though never terminated. In addition, and for purposes of clarification, in the event the action on the PUD Amendment Application is a Denial, or in the event of any Event of Nonperformance, the milestone deadline a 10 -06 -14 TC Packet 9 i "M Exhibit 2 for Substantial Completion of Building 13B shall for all purposes be twenty -four (24) months from the date of Commencement of Construction of Building 13B. 1.3.7 Construction Interruptions. Prior to issuance of a building permit for each building, the Developer shall deliver: (i) a letter of credit; (ii) a payment and performance bond or (iii) other security which is reasonably acceptable to the Town (the "Construction Interruption Security "), in the amount of One Hundred Thousand Dollars ($100,000.00); and (iv) a reasonable restoration and /or remediation contingency plan as required by Section 16A -5- 310(9) of the Town Municipal Code. In the event construction work on such building shall cease for ninety (90) days or longer prior to a final inspection by the Town of the work authorized by the building permit ( "work stoppage ") and if after fifteen (15) days' prior written notice by the Town the work- stoppage- has -not been - cured; and such- work stoppage- was not -a- result of any Event of Force Majeure, then the Town in its discretion may draw upon the Construction Interruption Security as needed for purposes of protecting and securing the building site and improvements from damage by the elements and/or from trespass by unauthorized persons, and for purposes of improving the building site to a safe condition such that it does not become an attractive nuisance or otherwise pose a threat to neighbors or other persons. The Construction Interruption Security shall be released when the building reaches Substantial Completion. ARTICLE II DEFAULT 2.1 Default by Developer. If Developer shall commit a Material Default under the terms of any of the Other Agreements or fail to perform any of its obligations under the Ordinance, which Material Default or failure to perform extends beyond the expiration of any applicable grace and cure period, Developer shall not be entitled to receive additional building permits for the construction of any of the buildings described in the Ordinance until such time as the default or failure to perform is cured or the Town otherwise agrees to issue such a building permit. In addition, (a) the Town shall be entitled to all rights and remedies set forth in such Other Agreements upon such an uncured default, and (b) as noted in Section 1.2.b above, upon a Material Default, the Vested Property Rights recognized hereunder shall be terminated as provided in Section 16A- 5 -90(c) of the Town Municipal Code. 2.2 Default by the Town. If the Town is in default in the performance of its obligations under this Agreement, the Town shall have the right to cure such default within 60 days after written notice by Developer of the default to the Town. If the Town fails to cure such default within 60 days after written notice is given from Developer to the Town specifying the nature of the default, then Developer shall have all rights available to it at law or in equity, specifically including the right to specific performance, injunctive relief and/or damages. Upon a default herein by the Town, the Vested Property Rights shall be extended for a period of time equal to the duration of such default by the Town, which extension shall specifically include any applicable cure period enjoyed by the Town under this Section 2.2. 2.3 Confirmation of Performance. Upon request from the Developer, the Town will execute and deliver a letter acknowledging whether or not the Developer has performed one or more of the milestone deadlines in Section 1.3.5. a 10 -06 -14 TC Packet 10 164 Exhibit 2 ARTICLE III ASSIGNMENT 3.1 Assignment by Developer. a. Except as set forth below in Section 3. Lb below, Developer may not assign any of its rights or obligations under this Agreement without the prior written consent of the Town. b. Developer may assign its rights and obligations under this Agreement, or any portion thereof, without the Town's consent by a written recorded instrument expressly assigning such rights and powers to any of the following entities: (i) any Affiliate of Developer; (ii) Aspen _Skiing Company,_LLC,.a Colorado limited liability company, or any of its Affiliates; or (iv) any entity which succeeds to substantially all of Developer's remaining development rights with respect to the Property as described in the Ordinance. For purposes hereof, "Affiliate" shall mean any natural person or entity that owns or controls, is owned or controlled by, or is under common ownership with an entity. "Ownership" or "control" means (A) direct or indirect ownership or control of at least fifty (50 %) percent of all outstanding equity interests in an entity, or (B) the ability to direct or cause the direction of the management of an entity by ownership of equity interests, agreement or otherwise. C. Upon an assignment by Developer of any of its rights or obligations under this Agreement to an entity listed in Section 3. Lb(i) through (iv) above, and an assumption of those rights or obligations by such assignee, Developer shall be released of all liabilities arising under this Agreement with respect to such rights or obligations. ARTICLE IV MISCELLANEOUS 4.1 Binding Effect. ffect. This Agreement shall be binding upon the parties and shall inure to the benefit of each party's successors and assigns, as designated by a written assignment recorded in the Pitkin County Clerk and Recorder's Office. 4.2 Burden and Benefits. Each of the benefits, burdens, terms, covenants, agreements and conditions of this Agreement shall be construed as covenants running with the land benefiting and burdening the Property or any applicable portion thereof, and it is the intent of the parties that such benefits, burdens, terms, covenants, agreements and conditions touch and concern such property. 4.3 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Colorado. 4.4 Scope of Agreement. The rights granted to Developer by this Agreement are in addition to any other right held by Developer under applicable law. 4.5 Interpretation. Unless the context of this Agreement clearly requires otherwise: z 10- 06 -14 TC Packet 11 165 Exhibit 2 (a) terms defined in the singular may be used in the plural, and terms defined in the plural may be used in the singular; (b) "including" and "such as" are not limited; (c) "or" has the inclusive meaning represented by the phrase "and /or "; (d) the words "hereof," "herein," "hereby," "hereunder" and similar terms in this Agreement refer to this Agreement as a whole and not to any particular provision of this Agreement; (e) Article, Section, clause, paragraph and Exhibit references are to this Agreement unless otherwise specified; and (f) references to any agreement (including this Agreement), document or instrument means such agreement, document or instrument as amended or modified and in effect from time to time in accordance with the terms thereof and, if applicable, the terms hereof. All of the exhibits to this Agreement are hereby incorporated into this Agreement by reference. In the event of any conflict between a term, condition or provision of this Agreement and a provision of the Town's Municipal Code, the terms of this Agreement shall control. 4.6 Severability. If any provision of this Agreement shall be invalid, illegal, void or unenforceable, it shall not affect or impair the validity, legality or enforceability of this Agreement or any other provision hereof, and a court shall enforce this Agreement to the maximum extent legally possible to give effect as nearly as possible to the original intent of the Town and Developer as expressed in this Agreement. If any provision of this Agreement is invalid, illegal, void or unenforceable not in its entirety but as applied to a particular act, thing or circumstance, such provision shall not affect or impair the validity, legality or enforceability of this Agreement or any provision hereof as applied to any other act, thing or circumstance, and a court shall apply such provision and enforce this Agreement to the maximum extent legally possible to give effect as nearly as possible to the original intent of the Town and Developer as expressed in this Agreement. 4.7 Termination; Amendment; Waivers. This Agreement may not be terminated, modified or amended, nor may waivers hereunder be granted, except in writing and only with the consent and approval of Developer and the Town. 4.8 Notices. Any notice to be given to Developer or the Town under this Agreement shall be given by registered or certified mail, overnight courier, telecopy, telegram or hand delivered to the address of the party to whom notice is being given. Any notice sent by registered or certified mail will be deemed to have been received three business days following the date of mailing. Any notice sent by overnight courier will be deemed to have been received one business day following the date of delivery to the overnight courier. Either party may change its address for notice by advising the other party in writing of such change, and until the other party is so advised, it will be entitled to continue sending notices to the last address it is advised of in writing: z 10 -06 -14 TC Packet 12 166 Exhibit 2 If to the Town: Town of Snowmass Village P.O. Box 5010 130 Kearns Road Snowmass Village, Colorado 81615 Attention: Town Manager If to Developer: SNOWMASS ACQUISITION COMPANY LLC P.O. Box 6565 (USPS Only) 16 Kearns Road, Yd Floor (Fed Ex and UPS) Snowmass Village, CO 81615 Attn: Dwayne Romero With a copy to: SHERMAN & HOWARD LLC 320 W. Main Street Aspen CO 81611 Attn: B. Joseph Krabacher 4.9 Recording. Developer and the Town each shall have the right to record this Agreement in the records of the office of the Clerk and Recorder of Pitkin County, Colorado. 4.10 Captions and Titles. All captions and titles of headings of Articles and Sections in this Agreement are for the purpose of reference and convenience and are not to be deemed to limit, modify or otherwise affect any of the provisions hereof or to be used in determining the intent or context thereof. 4.11 Attorney Fees. Notwithstanding anything to the contrary contained in this Agreement, if either party institutes legal proceedings against the other with respect to this Agreement, the non - prevailing party shall pay to the prevailing party an amount equal to all attorneys' fees and disbursements and all other costs and expenses incurred by the prevailing party in connection therewith, including, without limitation, the fees and disbursements of any attorneys, accountants, engineers, appraisers or other professionals engaged by the prevailing party, whether incurred before or at trial, on appeal, in bankruptcy or in post judgment collection. (Remainder of Page Intentionally Left Blank) 13 .a 10 -06 -14 TC Packet 167 Exhibit 2 IN WITNESS WHEREOF, the parties have caused this Amended and Restated Base Village Development Agreement to be signed on the date set forth below to be effective as of the date written above. TOWN COUNCIL OF SNOWMASS VILLAGE, COLORADO, a Colorado municipal corporation By: Name: Title: Date: APPROVED AS TO FORM: John C. Dresser, Jr., Town Attorney [SIGNATURES CONTINUE ON FOLLOWING PAGE] 14 2 10 -06 -14 TC Packet 168 Exhibit 2 IN WITNESS WHEREOF, the parties have caused this Amended and Restated Base Village Development Agreement to be signed on the date set forth below to be effective as of the date written above. DEVELOPER: SNOWMASS ACQUISITION COMPANY LLC, A Delaware limited liability company By: Name: Title: 15 9 10 -06 -14 TC Packet 169 Exhibit 3 AMENDED AND RESTATED SUBDIVISION IMPROVEMENTS AGREEMENT FOR THE BASE VILLAGE PLANNED UNIT DEVELOPMENT THIS AMENDED AND RESTATED SUBDIVISION IMPROVEMENTS AGREEMENT FOR THE BASE VILLAGE PLANNED UNIT DEVELOPMENT (the "Agreement ") dated as of , 2014, is made by and between SNOWMASS ACQUISITION COMPANY LLC, a Delaware limited liability company, as successor -m- interest to INTRAWESTBRUSH CREEK DEVELOPMENT COMPANY, LLC ( "Developer ") and the TOWN OF SNOWMASS VILLAGE, COLORADO, a Colorado municipal corporation ( the "Town- "). This Agreement amends and restates in its entirety the - Subdivision Improvements Agreement for The Base Village Planned Unit Development dated November 4, 2004 between INTRAWESTBRUSH CREEK DEVELOPMENT COMPANY LLC, a Delaware limited liability company and the TOWN OF SNOWMASS VILLAGE, COLORADO, a Colorado municipal corporation, and the First Amendment to Subdivision Improvements Agreement for The Base Village Planned Unit Development dated December 30, 2008 between BASE VILLAGE OWNER LLC, a Delaware limited liability company and the TOWN OF SNOWMASS VILLAGE, COLORADO, a Colorado municipal corporation. RECITALS A. Developer intends to develop that real property situated in the Town of Snowmass Village, Colorado commonly known as Lots 1 -9, Base Village Planned Unit Development (the "Property "), as depicted on the Plat for Base Village P.U.D., filed February 2, 2006 in Plat Book 77 at Page 30, at Reception No. 520483 of the records of Pitkin County, Colorado (the "Base Village Project "); B. The Town and IntrawestBrush Creek Development Company LLC, a Delaware limited liability company ( "Developer ") entered into that certain Subdivision Improvements Agreement for the Base Village Planned Unit Development dated as of November 4, 2004, recorded as Reception No. 520485 in the real property records of Pitkin County, Colorado (the "Records ") as amended by the First Amendment to Subdivision Improvements Agreement for the Base Village Planned Unit Development dated as of December 30, 2008 (collectively, the "SIA "); C. This Agreement amends, restates and supersedes in its entirety the SIA; D. The Town Council of the Town granted approval of the development of the Property proposed in the Application by enacting Ordinance No. 21, Series of 2004 recorded as Reception No. 520481 in the records of Pitkin County, Colorado, as amended by Ordinance No. 3, Series of 2007 recorded as Reception No. 594713 in the records of Pitkin County, Colorado (collectively, the "Ordinance "); E. The Town and the Developer have entered into an Amended and Restated Base Village Development Agreement dated , 2014 (the "Development Agreement "); .3 10 -06 -14 TC Packet 170 Exhibit 3 F. The Town and the Developer have entered into a First Amendment to the Base Village Funding Agreement dated , 2014; G. The Developer will submit to the Town plans (collectively, the "Plans ") as and when required by the Development Agreement for the public infrastructure improvements consisting of the "Roundabout ", the "Upper Wood Road Improvements" and the "Snowmelt System at Garage Entry" (the "Public Improvements ") that must be constructed in connection with the development of the Base Village Planned Unit Development approved pursuant to Town Ordinance No. 21, Series of 2004 recorded as Reception No. 520481 in the Records ( "Base Village "), and the Public Improvements, together with the estimated construction costs and completion schedules are all as more particularly described on Exhibit A attached hereto; H. Developer has proposed to extend the Vested Property Rights for the Property, as more particularly described in the Minor PUD Amendment application for Base Village submitted to the Town on June 30, 2014, as amended (the "Application "), and has agreed to provide or contribute to the provision of certain facilities and services within the Town of Snowmass Village for the Town's benefit as more particularly described below; and I. The Town Council of the Town granted approval of the extension of Vested Property Rights for the Property proposed in the Application by enacting Ordinance No. 3, Series of 2014 (the "Minor PUD Vesting Ordinance "), subject to certain requirements and conditions which involve the installation and construction of the Public Improvements. J. Pursuant to the provisions of Section 16A- 5- 360(c)(2)(e) of the Snowmass Village Municipal Code (the "Code "), Developer is obligated to construct, install and guarantee the Public Improvements. NOW, THEREFORE, in consideration of the premises and the terms and conditions herein stated and for other good and valuable consideration, the receipt and adequacy of which is acknowledged by the parties hereto, it is agreed as follows: 1. Capitalized Terms and Definitions. The following capitalized terms and phrases used herein shall have the following meanings: "Approval" means with respect to any land use or zoning action by the Town on a land use or zoning application related to the Base Village Project that the Town has granted a final approval, an administrative or court appeal, if any, has been finally decided in a final, non - appealable judgment or order, and a referendum, if any, as to the Town action has been concluded without reversal of the Town action. "Commencement of Construction" means, with respect to the construction of the Public Improvements, that each of the following three conditions have been performed: (i) the Town has issued a building permit for the construction (if a building permit is required) or a right -of -way permit (for Public Improvements); (ii) a binding construction contract has been executed by the contractor and the Developer (or the owner engaged in such construction), and a true and correct copy thereof has been submitted to Town (provided any confidential or proprietary information may be redacted therefrom); and 3 10 -06 -14 TC Packet AA 171 Exhibit 3 (iii) the "Mobilization" of the general contractor pursuant to the construction contract as determined by the Town's Chief Building Official. "Final Completion" of a Public Improvement means: (i) the Developer has delivered a Certification of Completion for the Public Improvement from an engineer licensed in Colorado to the Town Manager; and (ii) the Certification of Completion has been accepted by the Town Manager. "Mobilization" means transportation of the contractor's personnel, equipment, and operating supplies to the site, establishment of temporary facilities for the contractor's operations at the site, and erection of any required construction fencing for the site. " Snowmelt System at Garage Entry" means the snowmelt system at the entrance /exit to the parking garage off Wood Road. "Substantial Completion" of a Public Improvement means that the entire scope of work for that Public Improvement (by way of example, other than final required landscaping) is sufficiently complete so that the public can occupy or utilize the Public Improvement for its intended use and that a Certification of Completion for the Public Improvement has been issued by an engineer licensed in Colorado. "Upper Wood Road Improvements" means the improvements and related infrastructure which includes utilities, sidewalks, grading, bus pull -out adjacent to Lot 4 of the Property for Upper Wood Road necessary for the road overlay, curb and gutter and bus shelter near the Enclave. 2. Developer's Guarantee and Warranty. Developer hereby guarantees the installation, as hereafter provided and as necessary to serve the Property, and payment therefor, of all the Public Improvements. Developer hereby warrants all Public Improvements constructed or installed by Developer that are dedicated or to be dedicated to the Town against defects in materials and workmanship for a period of two (2) years after acceptance or until July Pt of the year during which the second (2nd) winter terminates after acceptance, whichever is later, of the Public Improvements by the Town or the utility companies as described in Section 16A -5- 360(c)(2)(e)(4) of the Code. Developer agrees to promptly correct any deficiencies in installation in order to meet the requirements of the Plans applicable to such installation. In the event such installation has not achieved Substantial Completion by the applicable milestone deadline as required by the Development Agreement, and according to the specific Plans therefor, the Town, subject to any Developer cure rights, shall have the right to cause such work to be done as is necessary to complete the installation of such Public Improvements in such manner and Developer shall be liable for the cost of such work. 3. Public Improvements. Developer shall install or construct, as applicable, all Public Improvements in accordance with the Plans for the Public Improvements by the applicable milestone deadline as required by the Development Agreement and as set forth on Exhibit A hereto. Developer acknowledges that, as required by the Ordinance, it is required to submit additional civil drawings to the Town for the Town's review and approval and that such civil drawings will include information relating to the Public Improvements. 3 10 -06 -14 TC Packet 3 172 Exhibit 3 (a) Trails. (i) Developer agrees to construct the remaining trails described on the Pedestrian Circulation and Mobility Map attached hereto as Exhibit B (the "Mobility Map "), consisting of: (A) the trail connection west of Building 1 (Treehouse) between the Stonebridge Condominiums and the Lichenhearth Condominiums to connect to the Benedict Trail as shown on Exhibit B subject to establishment of any trail easements to be granted by third parties for that trail connection; (B) future trail connections required by the PUD and associated with buildings /lots that have not yet been constructed. _(ii) Developer_ agrees to_ grant_easements for all existing and proposed trails, or portions thereof, to be constructed on the Property for those easements that do not yet exist and as shown in the Plans and/or the Mobility Map. (iii) The Town agrees to grant easements, or to cause such easements to be granted, where necessary for Developer to satisfy its obligations under this Section 3(a). (b) Bus Shelters. Developer agrees to construct the bus shelters included within the Upper Wood Road Improvements and the Roundabout. (c) Roadways. Developer agrees to construct the following roadway improvements in accordance with the Plans and, as applicable, the standards set forth in the CD Plan Set consisting of ninety (90 %) percent complete construction drawings to be submitted in accordance with Exhibit A attached hereto: (i) the Upper Wood Road Improvements; (ii) the Snowmelt System at Garage Entry; and (iii) the Roundabout at the intersection of Brush Creek and Wood Road including an up- valley transit stop and a down- valley transit stop with a bus shelter. (d) Landing Site Construction. The Town is considering constructing an aerial connector between the Property and the "Snowmass Center" (the "Aerial Connector "). The Developer has constructed the footings and foundation for the Aerial Connector on Lot 3 of the Property to provide the structural integrity for a terminal of the Aerial Connector but is not required to construct the landing platform for the Aerial Connector (the "Landing Site "). The Developer shall convey to the Town an interest in the Landing Site sufficient to give the Town the right to construct, operate, maintain, repair and replace a terminal for the Aerial Connector upon the Landing Site. Such conveyance may be in the form of a fee interest in the Landing Site or an easement that grants the Town the right to so construct, operate, maintain, repair and replace the Aerial Connector terminal thereon. (e) Pre - Qualification. The prime contractor and specialty subcontractors, including superintendents and foremen, shall be pre - qualified by the Town Public Works Dir. or Town Engineer prior to any work being completed. 3 10 -06 -14 TC Packet n 173 Exhibit 3 (f) SWSD Improvements Agreement. Pursuant to the Improvements Agreement (Sewer and Water Lines Upgrade) among the Town, the Developer and Snowmass Water and Sanitation District dated August 30, 2013 (the "SWSD Improvements Agreement "), the "Substandard Waterline Section" as defined in Section 4 of the SWSD Improvements Agreement will be deemed remediated by the Developer upon posting the Performance Security for the Roundabout as required by this Agreement. Upon posting such Performance Security, the "Compliance Deadline" under Section 4(b)(1) of the SWSD Improvements Agreement will be modified to be the same date as the Final Completion milestone deadline for the Roundabout in the Development Agreement.1 4. Landscape Improvements. Developer shall install all Landscape Improvements in - - accordance with- -the- final -- landscape - plans and- specifications - approved in connection with the final PUD. Developer acknowledges that, as required by the Ordinance, it is required to submit additional landscaping drawings to the Town for the Town's review upon submission of building permits for approval and that such landscaping drawings will include information relating to the Landscape Improvements. The Landscape Improvements, as required by the PUD, that have not yet been constructed and will be constructed as a condition to issuance of final certificates of occupancy for the building to which the Landscape Improvements. 5. Traffic Control. During the construction of any Public Improvements described in this Agreement, Developer shall be responsible for controlling and expediting the movement of vehicle and pedestrian traffic through and around all construction sites and activity. 6. Maintenance and Repair. The Town acknowledges that Developer's construction traffic will accelerate the normal wear and tear of the Town's roadways. The Town acknowledges that any such accelerated wear and tear to the Town's roadways caused by normal construction traffic will be repaired using Town funds, including funds generated by the Occupancy Assessment imposed by the Town under Section 18 -42 of the Code in connection with the development of the Base Village Project. The Town hereby releases Developer from any other responsibility for such accelerated wear and tear, but not extraordinary damages from construction activities. 7. Security for Public Improvements; Release of Security. (a) As a condition of the Approval of the Minor PUD Vesting Ordinance, and within thirty (30) days after such Approval, the Developer shall deliver (i) a letter of credit (ii) a payment and performance bond or (iii) other security which is reasonably acceptable to the Town (hereinafter, the "Performance Security ") for the Roundabout, the Upper Wood Road Improvements and the Snowmelt System at Garage Entry for purposes of assuring the construction of those Public Improvements, based on the preliminary cost estimates set forth in Exhibit A. The amount of the Performance Security shall be the difference between (x) one hundred percent (100 %) of the cost of constructing such Public Improvements (which estimated Public Improvements costs are set forth on Exhibit A attached hereto), and (y) any amounts to be contributed by the Town as required by Section 8 below. Within 30 days after the Town 1 The SWSD will either sign the Joinder to this Agreement, or the Town, the Developer and SWSD will enter into an amendment of the SWSD Improvements Agreement, at the election of the Town and SWSD. 3 10 -06 -14 TC Packet 0 owl Exhibit 3 Engineer approves the final cost estimates for the Public Improvements, and to the extent that the final cost estimates differ from the preliminary cost estimates, the Performance Security will be adjusted to equal the final cost estimates. Upon acceptance by the Town Manager of the Town (the "Town Manager "), or his designee, of a Certification of Completion for such Public Improvements from an engineer licensed in Colorado (hereinafter the "Acceptance "), the Performance Security shall be released and the Town will execute any such documents as are reasonably necessary to accomplish the release of the Performance Security. (b) The Performance Security: (i) if in the form of a letter of credit, shall be issued by a state or national banking institution, with offices located within the state of Colorado, in a form reasonably acceptable to the Town; or (ii) if in the form of a payment and performance bond, - - shall be issued -by -a- national - surety- company, - qualified to -do- business in- the - state -of Colorado and which carries at least an "A -" rating by AM Best, in a form reasonably acceptable to the Town. (c) The Performance Security must be valid for the time period anticipated for Substantial Completion of the Snowmelt System at Garage Entry and or Final Completion of Roundabout and Upper Wood Road Improvements in the Development Agreement. Any extension of the time period for construction and installation of such Public Improvements shall cause the Performance Security to be extended for an equal amount of time. Any such extension shall be in writing. (d) No more frequently than once every month, the Developer shall be entitled to partial releases of the Performance Security with respect to the Public Improvements as portions of the Public Improvements are constructed. In order to obtain a partial release or reduction of the Performance Security, the Developer shall submit a Certificate of Partial Completion ( "Certificate ") signed by an engineer licensed in the State of Colorado describing the portion of the Public Improvements constructed and the cost allocation associated with such Public Improvements. Such Certificate shall include a summary of the actual costs for the Public Improvements incurred to the date of the Certificate. After delivery of a Certificate, the Town Manager, or his designee, shall have a period of fifteen (15) days within which to accept the Certificate, as evidenced by a written notice to the Developer, or provide written notice to the Developer of any deficiencies in the Public Improvements. Any such notice of deficiencies shall describe the deficiency between the Public Improvements as constructed and the approved Plans. If the Town Manager, or his designee, provides the Developer written notice of acceptance of the Certificate, then the Town shall release the appropriate amount of the Performance Security as relates to such Public Improvements. If the Town Manager, or his designee, provides the Developer a letter of deficiency with respect to any portion of such Public Improvements for which the Developer has filed a Certificate, then the Town's engineer shall meet with the Developer's engineer to discuss and agree on any requirements necessary to bring such Public Improvements into conformity with the Plans. Upon compliance with any requirements delineated by the Town's engineer for compliance with the Plans, the Town shall release that portion of the Performance Security allocated for the cost of such portion of the Public Improvements. Upon the Town's initial acceptance of one or more of the Public Improvements identified in Section 3(c)(i) or Section 3(c)(ii) above that are to be dedicated to the Town, and the commencement of the two -year warranty described in Section 2 above, (i) the Town shall release that portion of the Performance Security attributable to those Public Improvements as provided 3 10 -06 -14 TC Packet 0 175 Exhibit 3 above, and (ii) subject to the requirements of Section 7(b) above, the Developer shall deliver a letter of credit or payment and performance bond to the Town in an amount equal to five (5 %) percent of the cost of that Public Improvement for the purpose of securing the warranty for that Public Improvement. Such letter of credit or payment and performance bond shall be maintained by the Developer for the warranty period described in Section 2 above for that Improvement and, upon the expiration of such warranty period, the Town shall release the unexpended portion of such letter of credit or payment and performance bond. The Developer shall reimburse the Town all fees for Town's engineer to inspect such Public Improvements and approve or provide a notice of deficiency with respect to any Certificate. Subject to the amendment procedures set forth in Section 16, nothing herein shall preclude the parties from mutually establishing a different procedure for obtaining partial releases from the Performance Security. (e) The Town may, at its sole option, permit the Developer to substitute other collateral acceptable to the Town for the collateral originally given by the Developer to secure the completion of the Public Improvements. (f) In the event all the Public Improvements secured by the applicable Performance Security will not be constructed and installed prior to the expiration of such Performance Security, the Developer shall replace or secure an extension of such Performance Security on terms acceptable to the Town, at least thirty (30) days prior to expiration of such Performance Security. Except as otherwise provided in the Development Agreement, should the Developer fail to do so, the Town may draw on such Performance Security funds necessary to complete the installation of the Public Improvements and place the funds directly into an escrow account under the control of the Town, and such funds shall be used to complete the installation of the Public Improvements required hereunder. (g) The estimated costs of the Public Improvements are an estimated amount mutually agreed at this time by the Developer and the Town as set forth on Exhibit A attached hereto. In the event the cost of the Public Improvements exceeds the estimated cost, the Developer shall be solely responsible for the actual cost. The purpose of the cost estimate is solely to determine the amount of security and shall be revised every twelve (12) months to reflect the actual costs, and the applicable Performance Security required by this Agreement shall be adjusted accordingly. No representations are made as to the accuracy of these estimates, and the Developer agrees to pay the actual costs of all such Public Improvements. Construction of Roundabout. (a) The development of the Base Village Project requires that a traffic roundabout and bridge be constructed at the intersection of Wood Road and Brush Creek Road. As of the date hereof, the Developer has completed construction of the Wood Road bridge portion of the Brush Creek/Wood Road Roundabout and Bridge (the "Bridge ") and the Town has accepted the Bridge, but the Developer has not yet commenced construction of the roundabout portion thereof (the "Roundabout "). The design and construction costs of the Roundabout have been estimated to be Three Million Five Hundred Thousand Dollars ($3,500,000.00). (b) In accordance with the Ordinance, the Town's contribution to the design and construction of the Roundabout and Bridge was fixed at Two Million Dollars ($2,000,000.00). 3 10 -06 -14 TC Packet 0 176 Exhibit 3 The Town has previously paid or credited the Developer an amount equal to One Million Two Hundred Thousand Dollars ($1,200,000.00) for the costs incurred by the Developer's predecessor in interest to design and construct the Bridge. (c) Developer will submit the plans and specifications consisting of ninety (90 %) percent complete construction drawings to the Town by the applicable milestone deadline set forth in the Development Agreement for construction of the Roundabout (the "Roundabout Work "). Developer will enter into a construction contract with a contractor for construction of the Roundabout Work, with a stipulated sum or guaranteed maximum price for all of the Roundabout Work (the "Construction Contract "). Developer will commence the Roundabout Work shown by the final Plans and specifications, as approved by the Town Engineer, as - provided in the Development Agreement. - (d) In addition to such other terms and conditions agreed by the Developer and the Town, each acting reasonably, agree to the following provisions: (i) The Developer shall provide to the Town a copy of the agreements between (A) the Developer and its engineers for the design of the Roundabout (the "Design Contract "), and (B) the Developer and the contractor under the Construction Contract (the "Construction Contract "); (ii) After the Developer: (A) provides the Town a copy of each of the Design Contract and the Construction Contract; and (B) has paid at least fifty (50 %) percent of the cost of the work under the Construction Contract, the Town shall pay all costs incurred for the design and construction of the Roundabout, up to a maximum amount of Eight Hundred Thousand Dollars ($800,000.00), within thirty (30) days after receiving written request therefor from the Developer, which written request shall include copies of all applicable bills, invoices and conditional lien waivers relating to such costs, subject to the review and reasonable approval of the Town engineer; and (iii) The Roundabout shall be constructed in accordance with the CD Plan Set consisting of ninety (90 %) percent complete construction drawings to be submitted in accordance with Exhibit A attached hereto. 9. Default. Subject to the provisions of Section 16A- 5- 360(c)(2)(e)(5) of the Code, if Developer fails to observe or perform any of its obligations set forth above in any material respect, Developer shall have the right to cure said default after written notice by the Town of the default to Developer. If Developer fails to cure such default within sixty (60) days after written notice is given from the Town to Developer (or if such default cannot be cured within the sixty (60) day period of time, if Developer shall fail to promptly commence to cure the same and thereafter diligently proceed with such cure), then the Town shall be entitled to undertake such work as may be necessary and appropriate to cure such default. The Town shall be entitled to full reimbursement for the reasonable costs of all such work. Notwithstanding the foregoing, upon an event of default by Developer as described above that remains uncured beyond the cure period described above, Developer shall not be entitled to receive a building permit for the construction of any of the buildings described in the Ordinance remaining to be constructed until 3 10- 06 -14TC Packet 177 Exhibit 3 such default has been cured. Any written notice required to be given to Developer shall be given by first class mail, postage prepaid, and by certified mail, return receipt requested, to the following addresses: If to the Town: Town of Snowmass Village P.O. Box 5010 130 Kearns Road Snowmass Village, Colorado 81615 Attention: Town Manager Telephone: (970) 923 -3777 Facsimile: (970) 923 -6083 If to Developer: SNOWMASS ACQUISMON COMPANY LLC P.O. Box 6565 (USPS Only) 16 Kearns Road, 3rd Floor (Fed Ex and UPS) Snowmass Village, CO 81615 Attn: Dwayne Romero With a copy to: SHERMAN & HOWARD LLC 320 W. Main Street Aspen CO 81611 Attn: B. Joseph Krabacher Developer may notify the Town in writing of any change in address to which this notice shall be given. 10. Assignment. Developer may assign its rights and obligations under this Agreement, or any portion thereof, without the Town's consent by a written recorded instrument expressly assigning such rights and powers to any of the following entities: (i) any Affiliate of Developer; (ii) Aspen Skiing Company, LLC, or any of its Affiliates; or (iii) any entity which succeeds to substantially all of Developer's remaining development rights with respect to the Property as described in the Ordinance. Upon an assignment by Developer of any of its rights or obligations under this Agreement to an entity listed above, an assumption of those rights or obligations (including substitution of financial assurances) by such assignee, and, if the assignment is to an entity listed in (i) through (iii) above, evidence from a reputable banking institution or surety company that the Affiliate is bondable (subject to any guaranties from Developer or another third party required to be posted by such banking institution or surety company), Developer shall be released of all liabilities arising under this Agreement with respect to such rights or obligations. Notwithstanding the foregoing, if Developer assigns any of its rights or obligations under this Agreement to any entity described above which is not an Affiliate of Developer or Aspen Skiing Company, LLC, and at the time of such assignment security for the obligations so- assigned has not yet been posted with the Town, then Developer shall not be released of its liabilities arising under this Agreement with respect to such rights or obligations until the applicable security described in Section 7 above has been posted. For purposes hereof, "Affiliate" shall mean any natural person or entity that owns or controls, is owned or controlled by, or is under common ownership with an entity. "Ownership" or "control" means (A) direct or indirect ownership or control of at least Fifty (50%) percent of all outstanding equity interests I .3 10 -06 -14 TC Packet 178 Exhibit 3 in an entity, or (B) the ability to direct or cause the direction of the management of an entity by ownership of equity interests, agreement or otherwise. 11. Binding Effect. ffect. This Agreement shall be binding upon and inure to the benefit of Developer and its respective successors and assigns. 12. Burden and Benefits. Each of the benefits, burdens, terms, covenants, agreements and conditions of this Agreement shall be construed as covenants running with the land benefiting and burdening the Property or any applicable portion thereof, and it is the intent of the parties that such benefits, burdens, terms, covenants, agreements and conditions touch and concern such property. 13. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Colorado. 14. Interpretation. Unless the context of this Agreement clearly requires otherwise: (a) terms defined in the singular may be used in the plural, and terms defined in the plural may be used in the singular; (b) "including" and "such as" are not limited; (c) "or" has the inclusive meaning represented by the phrase "and/or "; (d) the words "hereof," "herein," "hereby," "hereunder" and similar terms in this Agreement refer to this Agreement as a whole and not to any particular provision of this Agreement; (e) Article, Section, clause, paragraph and Exhibit references are to this Agreement unless otherwise specified; (f) references to any agreement (including this Agreement), document or instrument means such agreement, document or instrument as amended or modified and in effect from time to time in accordance with the terms thereof and, if applicable, the terms hereof; and (g) all of the exhibits to this Agreement are hereby incorporated into this Agreement by reference. In the event of any conflict between a term, condition or provision of this Agreement and a provision of the Code, the terms of this Agreement shall control. 15. Severability. If any provision of this Agreement shall be invalid, illegal, void or unenforceable, it shall not affect or impair the validity, legality or enforceability of this Agreement or any other provision hereof, and a court shall enforce this Agreement to the maximum extent legally possible to give effect as nearly as possible to the original intent of the Town and Developer as expressed in this Agreement. If any provision of this Agreement is invalid, illegal, void or unenforceable not in its entirety but as applied to a particular act, thing or circumstance, such provision shall not affect or impair the validity, legality or enforceability of this Agreement or any provision hereof as applied to any other act, thing or circumstance, and a court shall apply such provision and enforce this Agreement to the maximum extent legally 3 10 -06 -14 TC Packet 10 179 Exhibit 3 possible to give effect as nearly as possible to the original intent of the Town and Developer as expressed in this Agreement. 16. Amendment; Waivers; Termination. This Agreement may not be terminated, modified or amended, nor may waivers hereunder be granted, except in writing and only with the consent and approval of Developer and the Town. 17. Recording. Developer and the Town each shall have the right to record this Agreement in the records of the office of the Clerk and Recorder of Pitkin County, Colorado. 18. Captions and Titles. All captions and titles of headings of Articles and Sections in this Agreement are for the purpose of reference and convenience and are not to be deemed_to limit, modify or otherwise affect any of the provisions hereof or to be used in determining the intent or context thereof. 3 10 -06 -14 TC Packet (Remainder of Page Intentionally Left Blank) 11 :e Exhibit 3 IN WITNESS WHEREOF, the parties have caused this Amended and Restated Subdivision Improvements Agreement for the Base Village Planned Unit Development to be signed on the date set forth below to be effective as of the date written above. TOWN COUNCIL OF SNOWMASS VILLAGE, COLORADO, a Colorado municipal corporation By: Name: Title: Date: APPROVED AS TO FORM: John C. Dresser, Jr., Town Attorney STATE OF COLORADO ) ss. COUNTY OF PITKIN ) The foregoing instrument was acknowledged before me this day of 2014, by as Town Manager of the Town of Snowmass Village, Colorado. WITNESS MY HAND AND OFFICIAL SEAL. My commission expires: 3 10 -06 -14 TC Packet Notary Public [SIGNATURES CONTINUE ON FOLLOWING PAGE] 12 181 Exhibit 3 IN WITNESS WHEREOF, the parties have caused this Amended and Restated Subdivision Improvements Agreement for the Base Village Planned Unit Development to be signed on the date set forth below to be effective as of the date written above. DEVELOPER: SNOWMASS ACQUISITION COMPANY LLC, A Delaware limited liability company By: Name: Title: STATE OF COLORADO ) ss. COUNTY OF PITKIN ) The foregoing instrument was acknowledged before me this _ day of 2014, by Dwayne Romero as of Snowmass Acquisition Company LLC, a Delaware limited liability company. WITNESS MY HAND AND OFFICIAL SEAL. My commission expires: Notary Public 13 3 10 -06 -14 TC Packet 182 EXHIBIT A (Public Improvements)Z Dated: _ _ _ .2014 Type Plans/Description Preliminary Estimated Cost Roundabout To be submitted by $3,500,000 October 1, 2014 Upper Wood Road Improvements Snowmelt Improvements To be submitted by $1,400,000 October 1, 2015 Exhibit 3 Completion Schedule June 1, 2015 Commencement of Construction November 1, 2015 Substantial Completion July 1, 2016 Final Completion May 1, 2017 Commencement of Construction November 1, 2017 Substantial Completion To be submitted $350,000 May 1, 2017 in conjunction with Commencement of Building 8 Permit Set Construction November 1, 2017 Substantial Completion z The dates on this Exhibit A are subject to adjustment as provided in the Amended and Restated Development Agreement. 14 3 10 -06 -14 TC Packet 183 3 10 -06 -14 TC Packet EXHIBIT B (2004 Pedestrian Circulation and Mobility Map) 15 Exhibit 3 Exhibit 4 FIRST AMENDMENT TO BASE VILLAGE FUNDING AGREEMENT THIS FIRST AMENDMENT TO BASE VILLAGE FUNDING AGREEMENT (the "First Amendment ") is entered into to be effective as of , 2014, between SNOWMASS ACQUISITION COMPANY LLC, a Delaware limited liability company, as successor -in- interest to INTRAWEST/BRUSH CREEK DEVELOPMENT COMPANY, LLC (the "Developer ") and the TOWN OF SNOWMASS VILLAGE, COLORADO, a Colorado municipal corporation (the "Town "). RECITALS WHEREAS the Town and Intrawest/Brush Creek Development Company LLC, a Delaware limited liability company ( "IBC ") entered into that certain Base Village Funding Agreement dated as of November 4, 2004, recorded as Reception No. 520496 in the real property records of Pitkin County, Colorado (the "Funding Agreement "); WHEREAS the Funding Agreement sets forth certain public improvements and contributions that must be completed in connection with the development of the Base Village Planned Unit Development (the "Base Village Project ") approved pursuant to Town Ordinance No. 21, Series of 2004 recorded as Reception No. 520481 in the of Pitkin County, Colorado, as amended (the "Ordinance "); WHEREAS Developer has proposed to extend the Vested Property Rights for the Property, as more particularly described in the Minor PUD Amendment application for Base Village submitted to the Town on June 30, 2014, as amended (the "Application "), and has agreed to provide or contribute to the provision of certain facilities and services within the Town of Snowmass Village for the Town's benefit as more particularly described below; WHEREAS the Town Council of the Town granted approval of the extension of Vested Property Rights for the Property proposed in the Application by enacting Ordinance No. 3, Series of 2014 (the "Minor PUD Vesting Ordinance "); WHEREAS the Town and the Developer have entered into an Amended and Restated Subdivision Improvements Agreement for the Base Village Planned Unit Development dated , 2014 (the "SIA "); WHEREAS the Town and the Developer have entered into an Amended and Restated Base Village Development Agreement dated , 2014 (the "Development Agreement "); and WHEREAS the Town and the Developer now desire to amend the Funding Agreement as more particularly set forth herein. 2 10 -06 -14 TC Packet 185 Exhibit 4 AMENDMENT NOW, THEREFORE, in consideration of the promises and the terms and conditions herein stated and for other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged by the parties hereto, it is agreed as follows: 1. Capitalized Terms. All capitalized terms and phrases used herein but not otherwise defined shall have the same meanings given to them in the Funding Agreement. 2. Developer Contributions Completed. Subject to the obligations of the Developer . in the SIA and the Development Agreement, the obligations of the Developer under the Funding Agreement have_ been satisfied. 3. Notices. Section 5.6 of the Funding Agreement is hereby amended to change the addresses for notices to the the Developer as follows: If to the Developer: SNOWMASS ACQUISITION COMPANY LLC P.O. Box 6565 (USPS Only) 16 Kearns Road, 3rd Floor (Fed Ex and UPS) Snowmass Village, CO 81615 Attn: Dwayne Romero With a copy to: SHERMAN & HOWARD LLC 320 W. Main Street Aspen CO 81611 Attn: B. Joseph Krabacher 4. Counterparts. This First Amendment may be executed in multiple counterparts, each of which shall be an original and all of which together shall constitute one and the same First Amendment. It shall not be necessary that each party execute each counterpart, or that any one counterpart be executed by more than one party, so long as each party executes at least one counterpart. 5. Governing Law. This First Amendment shall be governed by and construed in accordance with the laws of the State of Colorado. [Remainder of Page Intentionally Left Blank] 2 .2 10 -06 -14 TC Packet 186 Exhibit 4 IN WITNESS WHEREOF, the parties have caused this First Amendment to Base Village Funding Agreement to be signed on the date set forth below to be effective as of the date written above. TOWN COUNCIL OF SNOWMASS VILLAGE, COLORADO, a Colorado municipal corporation By: _ Name: Title: Date: APPROVED AS TO FORM: John C. Dresser, Jr., Town Attorney [SIGNATURES CONTINUE ON FOLLOWING PAGE] 3 a 10 -06 -14 TC Packet 187 Exhibit 4 IN WITNESS WHEREOF, the parties have caused this First Amendment to Base Village Funding Agreement to be signed as of the date set forth below to be effective as of the date written above. a 10 -06 -14 TC Packet DEVELOPER: SNOWMASS ACQUISITION COMPANY LLC, A Delaware limited liability company By: Name: Title: 0 iE :3:1 I xhibit 2n Formatted: Pont: Bold Formatted: Font: Bold AMENDED AND RESTATED LFormatted: Not Different first page header BASE VILLAGE DEVELOPMENT AGREEMENT THIS AMENDED AND RESTATED BASE VILLAGE DEVELOPMENT AGREEMENT (this "Agreement ") dated as of , 2014, is made by and between SNOWMASS ACQUISITION COMPANY LLC, a Delaware limited liability company, as successor -in- interest to INTRAWEST /BRUSH CREEK DEVELOPMENT COMPANY, LLC ('Developer ") and the TOWN OF SNOWMASS VILLAGE, COLORADO, a Colorado municipal corporation (the "Town "). This Agreement amends and restates in its entirety the Base Village Development Agreement dated November 4, 2004 between INTRAWESTBRUSH CREEK DEVELOPMENT COMPANY LLC, a Delaware limited liability company and the TOWN OF SNOWMASS VILLAGE, COLORADO, a Colorado municipal corporation. RECITALS WHEREAS Developer intends to develop that real property situated in the Town of Snowmass Village, Colorado commonly known as Lots 1 -9, Base Village Planned Unit Development (the "Property "), as depicted on the Plat for Base Village P.U.D., filed February 2, 2006 in Plat Book 77 at Page 30, at Reception No. 520483 of the records of Pitkin County, Colorado; WHEREAS the Town and IntrawestBrush Creek Development Company LLC, a Delaware limited liability company ( "IBC ") entered into that certain Base Village Development Agreement dated as of November 4, 2004, recorded as Reception No. 520495 in the real property records of Pitkin County, Colorado (the "Development Agreement'). The Development Agreement describes the "Vested Property Rights ", as such term is defined in the Town Municipal Code (the "Code ") associated with the Base Village Planned Unit Development (the "Base Village Project'); WHEREAS this Agreement amends, restates and supersedes in its entirety, the Development Agreement dated November 4, 2004; WHEREAS the Town Council of the Town granted approval of the development of the Property proposed in the Application by enacting Ordinance No. 21, Series of 2004 recorded as Reception No. 520481 in the records of Pitkin County, Colorado, as amended by Ordinance No. 3, Series of 2007 recorded as Reception No. 594713 in the records of Pitkin County, Colorado (collectively, the "Ordinance "); WHEREAS the Code authorizes the execution of "development agreements" by the Town and the execution of this Agreement is contemplated by the Ordinance; WHEREAS Developer has proposed to extend the Vested Property Rights for the Property, as more particularly described in the Minor PUD Amendment application for Base Village submitted to the Town on June 30, 2014, as amended (the "Application "), and has agreed to provide or contribute to the provision of certain facilities and services within the Town of Snowmass Village for the benefit of the Town and the Base Village PUD as more particularly described below; 1 BUS_RF15392492.2 10 -06 -14 TC Packet 189 RXhibit 2r3 Formatted: Font: Bold Formatted: Font: Bold WHEREAS the Town Council of the Town granted approval of the extension of Vested Property Rights for the Property proposed in the Application by enacting Ordinance No. 3, Series of 2014 (the "Minor PUD Vesting Ordinance "); WHEREAS The Town and the Developer have entered into an Amended and Restated Subdivision Improvements Agreement for the Base Village Planned Unit Development dated 2014 (the "SIA "); and WHEREAS The Town and the Developer have entered into a First Amendment to the Base Village Funding Agreement dated 2014. NOW, THEREFORE, in consideration of the mutual covenants contained herein, and other good and valuable consideration the sufficiency of which is hereby acknowledged, the parties agree as follows: ARTICLE I VESTED RIGHTS 1. Capitalized Terms and Definitions. The following capitalized terms and phrases used herein shall have the following meanings: "Approval" means with respect to any land use or zoning action by the Town on a land use or zoning application related to the Base Village Project that the Town has granted a final approval, an administrative or court appeal, if any, has been finally decided in a final, non - appealable judgment or order, and a referendum, if any, as to the Town action has been concluded without reversal of the Town action. "Commencement of Construction" means that, with respect to the each of the milestone deadlines in Section 1.3.5 below that include construction of public or private improvements, that each of the following three conditions have been performed: (i) the Town has issued a building permit for the construction (if a building permit is required) or a right -of -way permit (for Public Improvements); (ii) a binding construction contract has been executed by the contractor and the Developer (or the owner engaged in such construction), and a true and correct copy thereof has been submitted to Town (provided any confidential or proprietary information may be redacted therefrom); and (iii) the "Mobilization" of the general contractor pursuant to the construction contract as determined by the Town's Chief Building Official. "Cure Period" means fifteen (15) days after the failure of the Developer to observe or perform any of its obligations under any of the milestone dates under Section 1.3.5. "Denial" means with respect to any land use or zoning action by the Town on a land use or zoning application related to the Base Village Project that the Town has denied a final approval, an administrative or court appeal, if any, has been finally decided in a final, non - appealable judgment or order, and a referendum, if any, as to the Town action has been concluded 4)t4ii -a l irxJt e l w i;r� El a i �t +i�4e<lu r t4� + e+ : 2 BUS_M5392492.2 10 -06 -14 TC Packet 190 Exhibit 2a "Event of Force Majeure" means the Developer's performance of work is unreasonably delayed, disrupted or interfered with as a result of an Act of God, as reasonably determined by the Town'&+u*64. In the event the Town t ,4-so determines that they was an Event of Force Majeure, the applicable milestone deadlines affected by the Event of Force Majeure will be extended for such period of time as so determined by the Town "Event of Nonperformance" means the failure of the Developer to perform any of the tasks or work set forth in Section 1.3.5 below by the applicable milestone date(s), and the continuance of such failure to perform beyond the expiration of the Cure Period and subject to any Event of Force Majeure. "Final Completion" of a Public Improvement means: (i) the Developer has delivered a Certification of Completion for the Public Improvement from an engineer licensed in Colorado to the Town Manager; and (ii) the Certification of Completion has been accepted by the Town Manager. "Mobilization" means transportation of the contractor's personnel, equipment, and operating supplies to the site, establishment of temporary facilities for the contractor's operations, and erection of any required construction fencing for the site— together witl Lhe visible comrnencezne of actual o eraGons on the grom3d for the erection of the [wilding, which everyone can readily recognize, as commencement of a building. and which is done with 11,10, intention to continue the work until the building is comi leted. " Snowmelt System at Garage Entry" means the snowmelt system at the entrance /exit to the parking garage off Wood Road. "Substantial Completion" of a Public Improvement means that the entire scope of work for that Public Improvement (by way of example, other than final required landscaping) is sufficiently complete so that the public can occupy or utilize the Public Improvement for its intended use and that a Certification of Completion for the Public Improvement has been issued by an engineer licensed in Colorado. "Substantial Completion" of a private improvement means that an improvement is sufficiently complete so that the public (or the owner with respect to the private improvements) can occupy or utilize the improvement for its intended use and a temporary certificate of occupancy has been issued by the Town for the improvement. "Upper Wood Road Improvements" means the improvements and related infrastructure which includes utilities, sidewalks, grading, bus pull -out adjacent to Lot 4 of the Property for Upper Wood Road necessary for the road overlay, curb and gutter and bus shelter near the Enclave. 1.1 Vested Prop Rights. BUS_RF15392492.2 10 -06 -14 TC Packet 191 Formatted: Font: Bold Formatted: Font: Bold e lFormatted: Indent: Left: 6" Exhibit 2'a Formatted: Font: Bold I.t.r-.tted- Font: Bold a. The Town and Developer agree that all rights of Developer granted, recognized and confirmed in the Ordinance and this Agreement constitute "Vested Property Rights ", as such term is defined in the Code. By way of illustration, and not limitation, "Vested Property Rights" include the right to develop, plan and engage in land uses on the Property in accordance with the provisions of the Ordinance for the periods of time described in Section 1.3 below. -> 4 e7q) l., pr �,-.,,e ..., ri, ,. ;,. „7T .. i iieation and o,.zz�. i nts to fl. fl.d4i �-, -�i -c': ; 5-- �rr>- s- .Q.c'e'� t 1. �'.-'r�n':' ream -a'r.'-x-e-�ir'- ms -rn4az rr: c.-cmcrz'ri- emlrrm�ncm .. become P414 of 01& Pf.orei-i "i "- rii "c =rel. hereunder- autoniati eally upon j b. The Town shall not enforce against Developer or the Property any amendment to the Code adopted after November 3, 2004, or any other zoning, land use or other legal, administrative rule, regulation, ordinance, resolution or requirement that does not apply to the Property as of November 3, 2004, or otherwise take any other action that would directly or indirectly have the effect of impairing, preventing, diminishing, imposing a moratorium on development, or otherwise delaying the development or use of the Property in accordance with this Agreement or the Ordinance. Except for those conditions contemplated in the Ordinance or the Code in effect as of November 3, 2004, and any other agreements related to the development or use of the Property executed between the Town and Developer, the Town shall not subject development or use of the Property to any exactions, payments, dedication or reservation requirements, obligations for constructing on -site or off -site public improvements or facilities, or the payment of any fees in lieu of any of the foregoing in connection with the development, construction, use or maintenance of the Property as described in the Ordinance or any other exercise of the Vested Property Rights. C. Notwithstanding the foregoing, the Vested Property Rights recognized herein shall not exempt Developer from requirements for building permits, other necessary permits or other approvals required subsequent to the approval of the development of the Property (as required by the Code in effect as of November 3, 2004). The establishment of the Vested Property Rights shall not preclude the application of the requirements of the building code, fire code, plumbing code, electrical code, the mechanical code or of any regulations specifically adopted to correct or mitigate natural or man -made hazards on or in the immediate vicinity of the Property, which hazards could not reasonably have been discovered at the time the Ordinance was approved, and which hazards, if uncorrected, would pose a serious threat to the public health, safety, and welfare, all as more particularly described in Section 24 -68 -105 of the Colorado Revised Statutes. 1.2 Condition Subsequent to Continued Existence of Vested Property Rights. a. Developer has agreed to provide or contribute to the provision of certain facilities and services within the Town for the benefit of the community pursuant to the terms of the following agreements (collectively, the "Other Agreements "): (i) Base Village Services Agreement, dated effective as of November 4, 2004 between Developer and the Town; 4 BUS_RM392492.2 10 -06 -14 TC Packet 192 Exltilsit 2a t Formatted: Font: Bold Formatted: Font: Bold (ii) Amended and Restated Subdivision Improvements Agreement for the Base Village Planned Unit Development dated effective as of 2014 between Developer and the Town (the "SIA "); (iii) Base Village Funding Agreement dated effective as of November 4, 2004, as amended by the First Amendment to Base Village Funding Agreement dated effective as of 2014 between Developer and the Town. (iv) Restricted Housing Agreement dated effective as of November 4, 2004 between Developer and the Town, the First Amendment to Restricted Housing Agreement dated effective as of February 26, 2007 between Developer and the Town, and the Second Amendment to Restricted Housing Agreement dated effective as of May 27, 2014 between Developer and the Town. b. The continued existence and duration of the Vested Property Rights recognized in this Agreement is subject to the condition that no Material Default by Developer shall occur under any of the Other Agreements or the Ordinance. If a Material Default shall occur, then, as provided in Section 16A- 5 -90(c) of the Code, the Vested Property Rights shall be terminated. For purposes hereof, "Material Default" shall mean a failure by Developer to perform any of its obligations under any of the Other Agreements or the Ordinance in any material respect that remains uncured after the expiration of any applicable cure period as such default is conclusively determined by a court of competent jurisdiction in a final, non - appealable judgment or order. 1.3 Duration. 1.3.1 First Interim Vesting Extension. In consideration of Developer's performance of its obligations undertaken in the Other Agreements and in recognition of the time and expense required for the development of the Property and the effect of varying economic cycles and market conditions, the Town has concluded and agrees that the Vested Property Rights are vested and shall continue to remain vested for a period commencing on November 4, 2004 and expiring on November 3, 2018 (the "First Interim Vesting Extension Date "). 1.3.2 Second Interim Vesting Extension. If the Developer has performed (or caused to be performed) the tasks or work described in the each of the applicable milestone deadlines set forth in Section 1.3.5 that are required to be performed on or before the First Interim Vesting Extension Date, the Vested Property Rights shall be automatically extended for another one (1) year period expiring on November 3, 2019 (the "Second Interim Vesting Extension Date "). 1.3.3 Final Vesting Extension. If the Developer has performed (or caused to be performed) the tasks or work described in the each of the applicable milestone deadlines. -set forth in Section 1.3.5 that are required to be performed after the First Interim Vesting Extension Date and on or before the Second Interim Vesting Extension Date, the Vested Property Rights shall be automatically extended for the period expiring on November 3, 2024. 1.3.4 Termination of Vested Property Rights. Notwithstanding the foregoing, the Vested Property Rights granted under Article I of this Agreement will not be automatically extended hUt will automatically terminated if the Developer is 5 BUS_RF15392492.2 10 -06 -14 TC Packet 193 Exhibit 23 l Formatted: Font: Bold Formatted: Font: Bold subject to an Event of Nonperformance as to any of such tasks or work described are not performed on or before the applicable deadline(s), or any event of Qef,1Uh_ and in such event the termination of the Vested Property Rights granted under Article I of this Agreement is not a compensable takings but rather an agreed upon consequence of non - performance by the applicable deadline(s). 1.3.5 Milestone Deadlines. The following are the milestone deadlines and the tasks or work the Developer shall perform or cause to be performed on or before the applicable deadline dates, as those dates may be adjusted in accordance with the express provisions of this Agreement: a. October 1, 2014 — Submit Construction Documents Plans for the Roundabout: This date is the deadline for Developer to submit "Construction Documents" for the Roundabout (the "Roundabout CD Plan Set ") consisting of ninety (90 %) percent complete construction drawings. The Roundabout CD Plan Set shall set forth in detail the requirements for construction of the Roundabout and shall include drawings and specifications that establish in detail the quality levels of materials and systems required for the Roundabout. b. October 15, 2014 — Submit Applications) for PUD Amendment: This date is the deadline for Developer to submit an application to amend the PUD for Lots 2, 3 & 4, to amend and/or affirm the PUD for Lots 5, 6, 7 & 8, and to provide a comprehensive update of all approval and PUD documents affected by such application (the "PUD Amendment Application'). At the option of the Developer, the PUD Amendment Application may include Lot 8 (Building 13B), if the Developer determines that changes are necessary to the current approved plans for Lot 8 or Building 13B. The Developer anticipates that the date of final Town action on the PUD Amendment Application will occur on or before May 31, 2015 (the "PUD Amendment Action Date "). The submission deadline for the PUD Amendment Application shall be subject to Section 1.3.4. Insofar as the Developer does not control the review process, the PUD Amendment Action Date is not subject to the provisions of Section 1.3.4. (i) Delayed Approval of PUD Amendment Application. If the Approval of the PUD Amendment Application is not achieved by the PUD Amendment Action Date (or the PUD Amendment Application is still pending on the PUD Amendment Action Date), the milestone deadlines below (other than Substantial Completion of Community Facility (Section 1.3.5.0), Substantial Completion of Lot 3 (Section 1.3.5.p), and Substantial Completion of Lot 2 (Section 1.3.5.q)), will be extended as follows: (A) the milestone deadlines for Commencement of Construction of the Roundabout (Section 1.3.5.d) and Commencement of Construction of Building 13B (Section 1.3.5.e) will each be automatically extended to the start of the next construction season on May 31 of the next calendar year; and (B) the milestone deadlines for Substantial Completion and Final Completion Construction of the Roundabout (Sections 1.3.5.g and Section 1.3.5h) and Substantial Completion of Building 13B (Section 1.3.5.j) will each be automatically extended for one year. BUS-RE/5392492.2 10 -06 -14 TC Packet 194 ----L-_xliibit 2a LFormatted., Font: Bold Formatted: Font: Bold If the Approval of the PUD Amendment Application is not achieved by September 30, 2015, the milestone deadlines for Peeu i:nent Plans !',')F tile ad 44i,e, Ptiipos& paeijil (SecOoq 1 IA Ell eaell # e e"IeRlded 4,a-+44f o, —, 1 C-Ofi_ !Fkietaifl Sea';OR Oil May � 1 ofdwa Re'il C-a �-, i'le Ride '401le dei+44fle�-R4r-Commencement of Construction and Final Completion of Construction of the Upper Wood Road Improvements (Sections 1.3.51 and Section 1.3.5m) and Substantial Completion of-4 the Snowmelt System at Garage Entry (Section 1.3.5.n) will each be automatically extended for one year. To the extent an Approval occurs after the PUD Amendment Action Date, the Developer and the Town will execute an amendment to this Agreement setting forth and confirming the revised milestone deadlines. (ii) Accelerated Milestone Deadlines for Building 5 Limelight Snowmass. If the Approval of the PUD Amendment Application is achieved, and the Approval includes the Aspen Skiing Company's proposed Limelight Hotel and Residences on Lot 2, then there will be a new milestone deadline under Section 1.3.5 for Commencement of Construction on Lot 2, which shall be the date that is 365 days after the date of such Approval. In addition, if the Approval of the PUD Amendment Application is achieved, and the Approval includes the Aspen Skiing Company's proposed Limelight Hotel and Residences on Lot 2, then the milestone deadline under Section 1.3.5.q for Substantial Completion of Lot 2 subject to the Approval will be changed to November 1, 2018. (iii) Denial of PUD Amendment Application. If the action on the PUD Amendment Application is a Denial, the Vested Property Rights granted under Article I of this Agreement will be terminated except as to Buildings 7, 8 and 13B. In such event the termination of the Vested Property Rights granted under Article I of this Agreement is not a compensable takings but rather an agreed upon consequence of Denial of the PUD Amendment Application. 1-;1"lla tR +-eili,;Iate tile ��O�ted !',fieet- � 1-5) day'; al"el- tile DeaW -4' 1, 1 s lintefieable Gofilfilel4ill of lat&t thall Hffle (1) yea Y, Potin -al-ed- ,lae4v,4y- 7 BUS-MS392492.2 10-06-14 TC Packet 195 Exhibit 2a `Formatted: Font: Bold r Fo mr atted. Font: Bold C. Submit and Provide Financial Guarantees for Roundabout, Upper Wood Road Improvements and Snowmelt System at Garage Entry: The Developer has delivered to the Town Engineer preliminary cost estimates for the expected costs for the Roundabout, Upper Wood Road Improvements and Snowmelt System at Garage Entry ( "Public Improvements ") for approval by the Town Engineer. Within thirty (30) days after Approval of the Minor PUD Vesting Ordinance, the Developer shall deliver (i) a letter of credit (ii) apayment and performance bond or (iii) other security which is reasonably acceptable to the Town (hereinafter, the "Performance Security "), based on such preliminary cost estimates. The amount of the Performance Security shall be the difference between (x) one hundred percent (100 %) of the cost of constructing the Public Improvements, and (y) any amounts to be contributed by the Town as required by the SIA. Within 30 days after the Town Engineer approves the final cost estimates for these Public Improvements, and to the extent that the final cost estimates differ from the preliminary cost estimates, the financial security will be adjusted to equal the final cost estimates. d. June 1, 2015 —Commencement of Construction of Roundabout: This date is the deadline for Commencement of Construction of the Roundabout. e. July 1, 2015- Commencement of Construction of Building 13B: This date is the deadline for Commencement of Construction of Building 13B. f. October 1, 2015 — Submit Construction Documents Plans for the Upper Wood Road Improvements: This date is the deadline for Developer to submit "Construction Documents" for the Upper Wood Road Improvements (the "Upper Wood Road CD Plan Set") consisting of ninety (90 %) percent complete construction drawings. The Upper Wood Road CD Plan Set shall set forth in detail the requirements for construction of the Upper Wood Road Improvements and shall include drawings and specifications that establish in detail the quality levels of materials and systems required for the Upper Wood Road Improvements. g. November 1, 2015— Substantial Completion of Roundabout: This date is the deadline for Substantial Completion of construction of the Roundabout. h. July 1, 2016 — Final Completion of Roundabout: This date is the deadline for Final Completion of construction of the Roundabout. i. October 1, 2016 — Submit Construction Documents Plans for the Community Purpose Facility: This date is the deadline for Developer to submit "Construction Documents" for the Community Purpose Facility (the "Community Purpose Facility CD Plan Set") consisting of ninety (90 %) percent complete construction drawings. The Community Purpose Facility CD Plan Set shall set forth in detail the requirements for construction of the Community Purpose Facility and shall include drawings and specifications that establish in detail the quality levels of materials and systems required for the Community Purpose Facility. j. December 31. 2016 - Substantial Completion of Building 13B: This date is the deadline for Substantial Completion of construction of Building 13B. 8 BUS_RF15392492.2 10 -06 -14 TC Packet 196 1 +xhibit 2't Formatted: F..t-. Bold F atted: Font: Bold k. May 1, 2017 - Commencement of Construction of Upper Wood Road Improvements: This date is the deadline for Commencement of Construction of the Upper Wood Road Improvements. 1. May 1, 2017 - Commencement of Construction of Snowmelt System at Garage Entry: This date is the deadline for Commencement of Construction of the Snowmelt System at Garage Entry. m. November 1, 2017 - Final Completion of Upper Wood Road Improvements: This date is the deadline to achieve &0-4*n�m Final Completion of construction of the Upper Wood Road Improvements. n. November 1, 2017 - Substantial Completion of Snowmelt System at Garage Entry: This date is the deadline to achieve Substantial Completion of construction of the Snowmelt System at Garage Entry. 0. November 1, 2018 - Substantial Completion of Community Facility: This date is the deadline to achieve Substantial Completion of construction of the Community Facility. P. November 1, 2018 - Substantial Completion of Lot 3: This date is the deadline for Substantial Completion of construction of Lot 3, including Building 7 and Building 8 with the medical clinic space. q. November 1, 2019 - Substantial Completion of Lot 2: This date is the deadline for Substantial Completion of construction of Lot 2; provided that this date may be accelerated as set forth in Section 1.3.5.b(ii). 1.3.6 Liquidated Damages. "Liquidated Damages" means the amount of One Thousand Five Hundred Dollars ($1,500.00) per day, commencing on the first day following termination of the milestone deadline in Section 1.3.5.j for Substantial Completion of Building 13B if an Event of Nonperformance occurs with respect to that milestone deadline. The Liquidated Damages will continue to accrue until the actual date of Substantial Completion of Building 13B, up to an aggregate maximum of One Million Dollars ($1,000,000.00). The Developer acknowledges and recognizes that the Town will sustain damages and losses as a result of any such Developer failure, the exact amount of which will be extremely difficult to ascertain. Therefore, the Town and Developer agree that if Developer fails to achieve Substantial Completion of Building 13B within the applicable milestone deadline, the Town shall be entitled to recover the Liquidated Damages from Developer, as liquidated damages and not as a penalty. Until the Developer pays such Liquidated Damages for failure to perform the milestone deadline in Section 1.3.5j, the Vested Property Rights granted under Article I of this Agreement shall be deemed terminated, except as to Buildings 7, 8 and 1313--M4�, iy-loflitf bt.64di In such event the termination of the Vested Property Rights granted under Article I of this Agreement is not a compensable takings but rather an agreed upon consequence of failure of the Developer to pay the Liquidated Damages to the Town. Notwithstanding anything to the 9 BUS-RE/5392492.2 10-06-14 TC Packet 197 :xlribit 2a Formatted: Font: Bold Formatted: Font: Bold contrary herein, if the Developer pays the Liquidated Damages, the Vested Property Rights granted under this Agreement will be reinstated retroactively as though never terminated. 4-a adE44i'C-n f.,,�,.-.(' „4=.7n .f: �.�tin.„ rE.nri?f=,ui �.r 1i.,�1�f iTl �1 .. �1..�.,�,f Att4i - }f?tl- kS''.i kal- of iii '-die e'.` F" crr yT- t. �?' Liii� '- lu%'f'f3{- �i?E�'iia�'rri'ri c�- erreTT2rie ".nzirit'.- f�'- 'efCt't'F'}]i: (1-4) Fnentl4s, !"Pefil - d4e, dale ofC (490HStFH0t;08 -r 414:17 1'�R. 1.3.7 Construction Interruptions. Prior to issuance of a building permit for each building, the Developer shall deliver: (i) a reasonable restoration and rerrtediation contingency plan as required by Section 16A -5- 310(9) oi'the `Fawn Wlunicipal Code t (ii) a letter of credit; or (iii) a pay =tYient and tierforn3ance bond: or 6y) other security which is reasonably acceptable to the Town (the "Construction Interruption Security "), in the amount of One Hundred and 20 percent t 1201/0 of the amount to be determined by the Toy =.n, based on the scope of the restoration and remediation contiagencl plan. ed by n jpal -C - . In the event construction work on such building shall cease for ninety (90) days or longer prior to a final inspection by the Town of the work authorized by the building permit ( "work stoppage ") and if after fifteen (15) days' prior written notice by the Town the work stoppage has not been cured, and such work stoppage was not a result of any Event of Force Majeure, then the Town in its discretion may draw upon the Construction Interruption Security as needed for purposes of protecting and securing the building site and improvements from damage by the elements and /or from trespass by unauthorized persons, and for purposes of improving the building site to a safe condition such that it does not become an attractive nuisance or otherwise pose a threat to neighbors or other persons. The Construction Interruption Security shall be released when the building reaches Substantial Completion. ARTICLE II DEFAULT 2.1 Default by Developer. If Developer shall commit a Material Default under the terms of any of the Other Agreements or fail to perform any of its obligations under the Ordinance, which Material Default or failure to perform extends beyond the expiration of any applicable grace and cure period, Developer shall not be entitled to receive additional building permits for the construction of any of the buildings described in the Ordinance until such time as the default or failure to perform is cured or the Town otherwise agrees to issue such a building permit. In addition, (a) the Town shall be entitled to all rights and remedies set forth in such Other Agreements upon such an uncured default, and (b) as noted in Section 1.2.b above, upon a Material Default, the Vested Property Rights recognized hereunder shall be terminated as provided in Section 16A- 5 -90(c) of the Town Municipal Code. 2.2 An event be a Def<auh. 2 :_Default by the Town. If the Town is in default in the performance of its obligations under this Agreement, the Town shall have the right to cure such default within 60 days after written notice by Developer of the default to the Town. If the Town fails to cure such default within 60 days after written notice is given from Developer to the Town specifying the 10 BUS_RF/5392492.2 10 -06 -14 TC Packet 198 if 2a I Formatted: Font: Bold r - 1 Formatted: Font: Bold nature of the default, then Developer shall have all rights available to it at law or in equity, specifically including the right to specific performance, injunctive relief and/or damages. Upon a default herein by the Town, the Vested Property Rights shall be extended for a period of time equal to the duration of such default by the Town, which extension shall specifically include any applicable cure period enjoyed by the Town under this Section 2.2. 2-24 Confirmation of Performance. Upon request from the Developer, the Town will execute and deliver a letter acknowledging whether or not the Developer has performed one or more of the milestone deadlines in Section 1.3.5. ARTICLE III ASSIGNMENT 3.1 Assignment by Developer. a. Except as set forth below in Section 3. Lb below, Developer may not assign any of its rights or obligations under this Agreement without the prior written consent of the Town. b. Developer may assign its rights and obligations under this Agreement, or any portion thereof, without the Town's consent by a written recorded instrument expressly assigning such rights and powers to any of the following entities: (i) any Affiliate of Developer; (ii) Aspen Skiing Company, LLC, a Colorado limited liability company, or any of its Affiliates; or (iv) any entity which succeeds to substantially all of Developer's remaining development rights with respect to the Property as described in the Ordinance. For purposes hereof, "Affiliate" shall mean any natural person or entity that owns or controls, is owned or controlled by, or is under common ownership with an entity. "Ownership" or "control" means (A) direct or indirect ownership or control of at least fifty (50 %) percent of all outstanding equity interests in an entity, or (B) the ability to direct or cause the direction of the management of an entity by ownership of equity interests, agreement or otherwise. C. Upon an assignment by Developer of any of its rights or obligations under this Agreement to an entity listed in Section 3.1.b(i) through (iv) above, and an assumption of those rights or obligations by such assignee, Developer shall be released of all liabilities arising under this Agreement with respect to such rights or obligations. ARTICLE IV MISCELLANEOUS 4.1 Binding Effect. This Agreement shall be binding upon the parties and shall inure to the benefit of each party's successors and assigns, as designated by a written assignment recorded in the Pitkin County Clerk and Recorder's Office. 4.2 Burden and Benefits. Each of the benefits, burdens, terms, covenants, agreements and conditions of this Agreement shall be construed as covenants running with the land benefiting and burdening the Property or any applicable portion thereof, and it is the intent of the parties that such benefits, burdens, terms, covenants, agreements and conditions touch and concern such property. 11 BUS_RF/5392492.2 10 -06 -14 TC Packet 199 1.XE3ibi@ 2a Formatted: Font: Bold v� � Formatted: Font: Bold 4.3 Governing Law. This Agreement shall be governed by and construed in T accordance with the laws of the State of Colorado. 4.4 Scope of Agreement. The rights granted to Developer by this Agreement are in addition to any other right held by Developer under applicable law. 4.5 Interpretation. Unless the context of this Agreement clearly requires otherwise: (a) terms defined in the singular may be used in the plural, and terms defined in the plural may be used in the singular; (b) "including" and "such as" are not limited; (c) "or" has the inclusive meaning represented by the phrase "and/or"; (d) the words "hereof," "herein," "hereby," "hereunder" and similar terms in this Agreement refer to this Agreement as a whole and not to any particular provision of this Agreement; (e) Article, Section, clause, paragraph and Exhibit references are to this Agreement unless otherwise specified; and (f) references to any agreement (including this Agreement), document or instrument means such agreement, document or instrument as amended or modified and in effect from time to time in accordance with the terms thereof and, if applicable, the terms hereof. All of the exhibits to this Agreement are hereby incorporated into this Agreement by reference. In the event of any conflict between a term, condition or provision of this Agreement and a provision of the Town's Municipal Code, the terms of this Agreement shall control. 4.6 Severability. If any provision of this Agreement shall be invalid, illegal, void or unenforceable, it shall not affect or impair the validity, legality or enforceability of this Agreement or any other provision hereof, and a court shall enforce this Agreement to the maximum extent legally possible to give effect as nearly as possible to the original intent of the Town and Developer as expressed in this Agreement. If any provision of this Agreement is invalid, illegal, void or unenforceable not in its entirety but as applied to a particular act, thing or circumstance, such provision shall not affect or impair the validity, legality or enforceability of this Agreement or any provision hereof as applied to any other act, thing or circumstance, and a court shall apply such provision and enforce this Agreement to the maximum extent legally possible to give effect as nearly as possible to the original intent of the Town and Developer as expressed in this Agreement. 4.7 Termination, Amendment; Waivers. Except as hereinabove Formatted: Not Highlight pCgyided iThis Agreement may not be terminated, modified or amended, nor may waivers hereunder be granted, except in writing and only with the consent and approval of Developer and the Town. 12 BUS_RE15392492.2 10 -06 -14 TC Packet 200 Exhibit 2a ; Formatted: Font, Bold Formatted: Font: Bold 4.8 Notices. Any notice to be given to Developer or the Town under this Agreement shall be given by registered or certified mail, overnight courier, telecopy, telegram or hand delivered to the address of the party to whom notice is being given. Any notice sent by registered or certified mail will be deemed to have been received three business days following the date of mailing. Any notice sent by overnight courier will be deemed to have been received one business day following the date of delivery to the overnight courier. Either party may change its -address -for, notice by advising the other _party-in writing of such change, and until the other party is so advised, it will be entitled to continue sending notices to the last address it is advised of in writing: If to the Town: Town of Snowmass Village P.O. Box 5010 130 Kearns Road Snowmass Village, Colorado 81615 Attention: Town Manager If to Developer: SNOWMASS ACQUISITION COMPANY LLC P.O. Box 6565 (USPS Only) 16 Kearns Road, 31 Floor (Fed Ex and UPS) Snowmass Village, CO 81615 Attn: Dwayne Romero With a copy to: SHERMAN & HOWARD LLC 320 W. Main Street Aspen CO 81611 Attn: B. Joseph Krabacher 4.9 Recordine. Developer and the Town each shall have the right to record this Agreement in the records of the office of the Clerk and Recorder of Pitkin County, Colorado. 4.10 Captions and Titles. All captions and titles of headings of Articles and Sections in this Agreement are for the purpose of reference and convenience and are not to be deemed to limit, modify or otherwise affect any of the provisions hereof or to be used in determining the intent or context thereof. 4.11 Attorney Fees. Notwithstanding anything to the contrary contained in this Agreement, if either party institutes legal proceedings against the other with respect to this Agreement, the non - prevailing party shall pay to the prevailing party an amount equal to all attorneys' fees and disbursements and all other costs and expenses incurred by the prevailing party in connection therewith, including, without limitation, the fees and disbursements of any attorneys, accountants, engineers, appraisers or other professionals engaged by the prevailing party, whether incurred before or at trial, on appeal, in bankruptcy or in post judgment collection. (Remainder of Page Intentionally Left Blank) 13 BUS_RFJ5392492.2 10 -06 -14 TC Packet 201 k xhibit 2a IN WITNESS WHEREOF, the parties have caused this Amended and Restated Base Village Development Agreement to be signed on the date set forth below to be effective as of the date written above. TOWN COUNCIL OF SNOWMASS VILLAGE, COLORADO, a Colorado municipal corporation By: Name: Title: Date: APPROVED AS TO FORM: John C. Dresser, Jr., Town Attorney [SIGNATURES CONTINUE ON FOLLOWING PAGE] 14 BUS_M5392492.2 10 -06 -14 TC Packet 202 ` Formatted: Font: Bald Formatted: Font: Bold Exhibit 2a Formatted: Font: Bold ''.Formatted* Font: Bold IN WITNESS WHEREOF, the parties have caused this Amended and Restated Base Village Development Agreement to be signed on the date set forth below to be effective as of the date written above. DEVELOPER: SNOWMASS ACQUISITION COMPANY LLC, A Delaware limited liability company By: BUS_IW5392492.2 Name: Title: 15 10 -06 -14 TC Packet 203 Exhibit 3a Formatted: Font: Bold 4 Formatted: Not Differ�t first page header AMENDED AND RESTATED SUBDIVISION IMPROVEMENTS AGREEMENT FOR THE BASE VILLAGE PLANNED UNIT DEVELOPMENT THIS AMENDED AND RESTATED SUBDIVISION IMPROVEMENTS AGREEMENT FOR THE BASE VILLAGE PLANNED UNIT_ DEVELOPMENT (the "Agreement") dated as of , 2014, is made by and between SNOWMASS ACQUISITION COMPANY LLC, a Delaware limited liability company, as successor -in- interest to 1NTRAWEST /BRUSH CREEK DEVELOPMENT COMPANY, LLC ('Developer ") and the TOWN OF SNOWMASS VILLAGE, COLORADO, a Colorado municipal corporation (the "Town "). This Agreement amends and restates in its entirety the Subdivision Improvements Agreement for The Base Village Planned Unit Development dated November 4, 2004 between INTRAWESTBRUSH CREEK DEVELOPMENT COMPANY LLC, a Delaware limited liability company and the TOWN OF SNOWMASS VILLAGE, COLORADO, a Colorado municipal corporation, and the First Amendment to Subdivision Improvements Agreement for The Base Village Planned Unit Development dated December 30, 2008 between BASE VILLAGE OWNER LLC, a Delaware limited liability company and the TOWN OF SNOWMASS VILLAGE, COLORADO, a Colorado municipal corporation. RECITALS A. Developer intends to develop that real property situated in the Town of Snowmass Village, Colorado commonly known as Lots 1 -9, Base Village Planned Unit Development (the "Property "), as depicted on the Plat for Base Village P.U.D., filed February 2, 2006 in Plat Book 77 at Page 30, at Reception No. 520483 of the records of Pitkin County, Colorado (the "Base Village Project'); B. The Town and Intrawest/Brush Creek Development Company LLC, a Delaware limited liability company ( "Developer ") entered into that certain Subdivision Improvements Agreement for the Base Village Planned Unit Development dated as of November 4, 2004, recorded as Reception No. 520485 in the real property records of Pitkin County, Colorado (the "Records ") as amended by the First Amendment to Subdivision Improvements Agreement for the Base Village Planned Unit Development dated as of December 30, 2008 (collectively, the « SIA ); C. This Agreement amends, restates and supersedes in its entirety the SIA; D. The Town Council of the Town granted approval of the development of the Property proposed in the Application by enacting Ordinance No. 21, Series of 2004 recorded as Reception No. 520481 in the records of Pitkin County, Colorado, as amended by Ordinance No. 3, Series of 2007 recorded as Reception No. 594713 in the records of Pitkin County, Colorado (collectively, the "Ordinance "); E. The Town and the Developer have entered into an Amended and Restated Base Village Development Agreement dated 2014 (the "Development Agreement'); 1 BUS_RFJ53S8245.3 10 -06 -14 TC Packet 204 Exhibit 3a t Formatted: Font: Bold F. The Town and the Developer have entered into a First Amendment to the Base Village Funding Agreement dated , 2014; G. The Developer will submit to the Town plans (collectively, the "Plans ") as and when required by the Development Agreement for the public infrastructure improvements consisting of the "Roundabout ", the "Upper Wood Road Improvements" and the "Snowmelt System at Garage Entry" as defined below (the "Public Improvements ") and the landscape improvements described in Section 4 below (the "Landscape Improvetn<nts" together with the t Formatted: Font: Bold Public h iprov,ements sometimes referred to herein collectively as the " lmorovements') that - tFormatted: Font: Bold must be constructed in connection with the development of the Base Village Planned Unit Development approved pursuant to Town Ordinance No. 21, Series of 2004 recorded as Reception No. 520481 in the Records ( "Base Village "), and the Public Improvements, together with the estimated construction costs and completion schedules are all as more particularly described on Exhibit A attached hereto; H. Developer has proposed to extend the Vested Property Rights for the Property, as more particularly described in the Minor PUD Amendment application for Base Village submitted to the Town on June 30, 2014, as amended (the "Application "), and has agreed to provide or contribute to the provision of certain facilities and services within the Town of Snowmass Village for the Town's benefit as more particularly described below; and I. The Town Council of the Town granted approval of the extension of Vested Property Rights for the Property proposed in the Application by enacting Ordinance No. 3, Series of 2014 (the "Minor PUD Vesting Ordinance "), subject to certain requirements and conditions which involve the installation and construction of the Public Improvementswand Landsc<r 2e. lml3rovert1ents. J. Pursuant to the provisions of Section 16A- 5- 360(c)(2)(e) of the Snowmass Village Municipal Code (the "Code "), Developer is obligated to construct, install and guarantee the Public Improvements. and aare%s to the same for the Landscape Improvements. NOW, THEREFORE, in consideration of the premises and the terms and conditions herein stated and for other good and valuable consideration, the receipt and adequacy of which is acknowledged by the parties hereto, it is agreed as follows: 1. Capitalized Terms and Definitions. The following capitalized terms and phrases used herein shall have the following meanings: "Approval" means with respect to any land use or zoning action by the Town on a land use or zoning application related to the Base Village Project that the Town has granted a final approval, an administrative or court appeal, if any, has been finally decided in a final, non - appealable judgment or order, and a referendum, if any, as to the Town action has been concluded without reversal of the Town action. "Commencement of Construction" means, with respect to the construction of the Public Improvements, that each of the following three conditions have been performed: (i) the Town has issued a building permit for the construction (if a building permit is BUS-RE/5388245.3 10 -06 -14 TC Packet 205 Exhibit 3a Formatted F no t: Bold required) or a right -of -way permit (for Public Improvements); (ii) a binding construction contract has been executed by the contractor and the Developer (or the owner engaged in such construction), and a true and correct copy thereof has been submitted to Town (provided any confidential or proprietary information may be redacted therefrom); and (iii) the "Mobilization" of the general contractor pursuant to the construction contract as determined by the Town's Chief Building Official "Final Completion" of a Public Improvement means: (i) the Developer has delivered a Certification of Completion for the Public Improvement from an engineer licensed in Colorado to the Town Manager; and (ii) the Certification of Completion has been accepted by the Town Manager. "Mobilization" means transportation of the contractor's personnel, equipment, and operating supplies to the site, establishment of temporary facilities for the contractor's operations at the site, and erection of any required construction fencing for the site Lo ,oiher with the visible commencement of aetua( ofleratioi�s on the �rountl for the erection of the building. which evcrvone can readily recoantze as commer2cement ot"a bnildin«. and which is done with the intention to continue the work until the hnildinc it completed.. "Snowmelt System at Garage Entry" means the snowmelt system at the entrance /exit to the parking garage off Wood Road. "Substantial Completion" of a Public Improvement means that the entire scope of work for that Public Improvement (by way of example, other than final required landscaping) is sufficiently complete so that the public can occupy or utilize the Public Improvement for its intended use and that a Certification of Completion for the Public Improvement has been issued by an engineer licensed in Colorado. "Upper Wood Road Improvements" means the improvements and related infrastructure which includes utilities, sidewalks, grading, bus pull -out adjacent to Lot 4 of the Property for Upper Wood Road necessary for the road overlay, curb and gutter and bus shelter near the Enclave. 2. Developer's Guarantee and Warranty. Developer hereby guarantees the installation, as hereafter provided and as necessary to serve the Property, and payment therefor, of all the Public Improvements. Developer hereby warrants all Public Improvements constructed or installed by Developer that are dedicated or to be dedicated to the Town against defects in materials and workmanship for a period of two (2) years after acceptance or until July 111 of the year during which the second (2 °a) winter terminates after acceptance, whichever is later, of the Public Improvements by the Town or the utility companies as described in Section 16A -5- 360(e)(2)(e)(4) of the Code. Developer agrees to promptly correct any deficiencies in installation in order to meet the requirements of the Plans applicable to such installation. In the event such installation has not achieved Substantial Completion by the applicable milestone deadline as required by the Development Agreement, and according to the specific Plans therefor, the Town, subject to any Developer cure rights, shall have the right to cause such work 3 BUS-RE/5388245.3 10 -06 -14 TC Packet 206 Exhibit 3a Formatted: Font: Bold to be done as is necessary to complete the installation of such Public Improvements in such manner and Developer shall be liable for the cost of such work. 3. Public Imgovements. Developer shall install or construct, as applicable, all Public Improvements in accordance with the Plans for the Public Improvements by the applicable milestone deadline as required by the Development Agreement and as set forth on Exhibit _A hereto. Developer acknowledges that, as required by the Ordinance,_ it is required to submit additional civil drawings to the Town for the Town's review and approval and that such civil drawings will include information relating to the Public Improvements. (a) Trails. (i) Developer agrees to construct the remaining trails described on the Pedestrian Circulation and Mobility Map attached hereto as Exhibit B (the "Mobility Map "), consisting of: (A) the trail connection west of Building 1 (Treehouse) between the Stonebridge Condominiums and the Lichenhearth Condominiums to connect to the Benedict Trail as shown on Exhibit B subject to establishment of any trail easements to be granted by third parties for that trail connection; (B) future trail connections required by the PUD and associated with buildings/lots that have not yet been constructed. (ii) Developer agrees to grant easements for all existing and proposed trails, or portions thereof, to be constructed on the Property for those easements that do not yet exist and as shown in the Plans and /or the Mobility Map. (iii) The Town agrees to grant easements, or to cause such easements to be granted, where necessary for Developer to satisfy its obligations under this Section 3(a). (b) Bus Shelters. Developer agrees to construct the bus shelters included within the Upper Wood Road Improvements and the Roundabout. (c) Roadways. Developer agrees to construct the following roadway improvements in accordance with the Plans and, as applicable, the standards set forth in the CD Plan Set consisting of ninety (90 %) percent complete construction drawings to be submitted in accordance with Exhibit A attached hereto: (i) the Upper Wood Road Improvements; (ii) the Snowmelt System at Garage Entry; and (iii) the Roundabout at the intersection of Brush Creek and Wood Road including an up- valley transit stop and a down - valley transit stop with a bus shelter. (d) Landing Site Construction. The Town is considering constructing an aerial connector between the Property and the "Snowmass Center" (the "Aerial Connector "). The Developer has constructed the footings and foundation for the Aerial Connector on Lot 3 of the Property to provide the structural integrity for a terminal of the Aerial Connector but is not required to construct the landing platform for the Aerial Connector (the "Landing Site"). The 4 BUS—RE/5388245.3 10 -06 -14 TC Packet 207 Xxhibit 3a Formatted: Font: Bold Developer shall convey to the Town an interest in the Landing Site sufficient to give the Town. or its assigns, the right to construct, operate, maintain, repair and replace a terminal for the Aerial Connector upon the Landing Site. Such conveyance -will be in the form of a fee interest in the Landing Site (-)+ -and an easement that grants the Town, or its a,siggns, the right to so construct, operate, maintain, repair and replace the Aerial Connector terminal and the Aerial Connector itself thereon. (e) Pre- Qualification fot° Public Improvements. The prime contractor and specialty subcontractors, including superintendents and foremen, shall be pre - qualified by the Town Public Works Dir. or Town Engineer prior to any work being eotrtple4edconinnnenced. (f) SWSD Improvements Agreement. Pursuant to the Improvements Agreement (Sewer and Water Lines Upgrade) among the Town, the Developer and Snowmass Water and Sanitation District dated August 30, 2013 (the "SWSD Improvements Agreement'), the "Substandard Waterline Section" as defined in Section 4 of the SWSD Improvements Agreement will be deemed remediated by the Developer upon Final Completion of r n the Roundabout as required by this Agreement. ' 'p h t., —fin 11Y �, -- - aciTrcd ar ^— r rc F 'riu F}?5 1 iit3A 4. Landscape Improvements. Developer shall install all Landscape Improvements in accordance with the final landscape plans and specifications approved in connection with the final PUD and pursuant. to the phased schedule set forth on Exhibit A attached hereto. f Formatted. Font: sold Developer acknowledges that, as required by the Ordinance, it is required to submit additional landscaping drawings to the Town for the Town's review upon submission of building permits for approval and that such landscaping drawings will include information relating to the Landscape Improvements. The Landscape Improvements, as required by the PUD, that have not yet been constructed. awl -will be constructed and installed as a condition to issuance of final certificates of occupancy for the building to which the Landscape Improvements are installed. Prior to issuance of a buildine, pernnit_ deMoller Will J)OSL security for the amount of the Landsca 7proveme nts cp �r E xhibit A. Formatted: Font: sold 5. Traffic Control. During the construction of any Public Improvements described in this Agreement, Developer shall be responsible for controlling and expediting the movement of vehicle and pedestrian traffic through and around all construction sites and activity. 6. Maintenance and Repair. The Town acknowledges that Developer's construction traffic will accelerate the normal wear and tear of the Town's roadways. The Town acknowledges that any such accelerated wear and tear to the Town's roadways caused by normal construction traffic will be repaired using Town funds, including funds generated by the Occupancy Assessment imposed by the Town under Section 18 -42 of the Code in connection with the development of the Base Village Project. The Town hereby releases Developer from 41k—S, w t li- ,C— I �rtfit�a�c'rs�trrit -rsf - Eta- `+��= `�i�- trr�r�j� +fi,e,rt4- h�re�:t+2+�k - a� -Fk�et sec= t�e�rrf�k- t�t�- '',- erv�+�- �tttEl- '4i�-. BUS_RE/5388245.3 10 -06 -14 TC Packet 208 Exhibit 3a Formatted: Font: sold any other responsibility for such accelerated wear and tear, but not extraordinary damages from construction activities. 7. Security for Public Improvements; Release of Securitv. (a) As a condition of the Approval of the Minor PUD Vesting Ordinance, and within thirty (30) days after such Approval, the Developer shall deliver (i) a letter of credit (ii) a payment and erformance "bond or(iii) other, security which is reasonably acceptable to the Town (hereinafter, the "Performance Security ") for the Roundabout, the Upper Wood Road Improvements and the Snowmelt System at Garage Entry for purposes of assuring the construction of those Public Improvements, based on the preliminary cost estimates set forth in Exhibit A. The amount of the Performance Security shall be the difference between (x) one hundred percent (100 %) of the cost of constructing such Public Improvements (which estimated Public Improvements costs are set forth on Exhibit A attached hereto), and (y) any amounts to be contributed by the Town as required by Section 8 below. Within 30 days after the Town Engineer approves the final cost estimates for the Public Improvements, and to the extent that the final cost estimates differ from the preliminary cost estimates, the Performance Security will be adjusted to equal the final cost estimates. Upon acceptance by the Town Manager of the Town (the "Town Manager "), or his designee, of a Certification of Completion for such Public Improvements from an engineer licensed in Colorado (hereinafter the "Acceptance "), the Performance Security shall be released and the Town will execute any such documents as are reasonably necessary to accomplish the release of the Performance Security. (b) The Performance Security: (i) if in the form of a letter of credit, shall be issued by a state or national banking institution, with offices located within the state of Colorado, in a form reasonably acceptable to the Town; or (ii) if in the form of a payment and performance bond, shall be issued by a national surety company, qualified to do business in the state of Colorado and which carries at least an "A-" rating by AM Best, in a form reasonably acceptable to the Town. (c) The Performance Security must be valid for the time period anticipated for Sear >�.nfl0a4-liinal Completion of the Snowmelt System at Garage Entry and or Final Completion of Roundabout and Upper Wood Road Improvements in the Development Agreement. Any extension of the time period for construction and installation of such Public Improvements shall cause the Performance Security to be extended for an equal amount of time. Any such extension shall be in writing. (d) No more frequently than once every month, the Developer shall be entitled to partial releases of the Performance Security with respect to the Public Improvements as portions of the Public Improvements are In order to obtain a partial release or reduction of the Performance Security, the Developer shall submit a Certificate of Partial Completion ( "Certificate ") signed by an engineer licensed in the State of Colorado describing the portion of the Public Improvements constructed and the cost allocation associated with such Public Improvements. Such Certificate shall include a summary of the actual costs for the Public Improvements incurred to the date of the Certificate. After delivery of a Certificate, the Town Manager, or his designee, shall have a period of fifteen (15) days within which to accept the Certificate, as evidenced by a written notice to the Developer, or provide written notice to the BUS_RE/5388245.3 10 -06 -14 TC Packet 209 Exhibit 3a Formatted: Font: Bold Developer of any deficiencies in the Public Improvements. Any such notice of deficiencies shall describe the deficiency between the Public Improvements as constructed and the approved Plans. If the Town Manager, or his designee, provides the Developer written notice of acceptance of the Certificate, then the Town shall release the appropriate amount of the Performance Security as relates to such Public Improvements. If the Town Manager, or his designee, provides the Developer a letter of deficiency with respect to any portion of such Public Improvements for which the Developer has filed a Certificate, then the Town's engineer shall meet with the Developer's engineer to discuss and agree on any requirements necessary to bring such Public Improvements into conformity with the Plans. Upon compliance with any requirements delineated by the Town's engineer for compliance with the Plans, the Town shall release that portion of the Performance Security allocated for the cost of such portion of the Public Improvements. Upon the Town's initial acceptance of one or more of the Public Improvements identified in Section 3(c)(i) or Section 3(c)(ii) above that are to be dedicated to the Town, and the commencement of the two -year warranty described in Section 2 above, (i) the Town shall release that portion of the Performance Security attributable to those Public Improvements as provided above, and (ii) subject to the requirements of Section 7(b) above, the Developer shall deliver a letter of credit or payment and performance bond to the Town in an amount equal to five (5 %) percent of the cost of that Public Improvement for the purpose of securing the warranty for that Public Improvement. Such letter of credit or payment and performance bond shall be maintained by the Developer for the warranty period described in Section 2 above for that Improvement and, upon the expiration of such warranty period, the Town shall release the unexpended portion of such letter of credit or payment and performance bond. The Developer shall reimburse the Town all fees for Town's engineer to inspect such Public Improvements and approve or provide a notice of deficiency with respect to any Certificate. Subject to the amendment procedures set forth in Section 16, nothing herein shall preclude the parties from mutually establishing a different procedure for obtaining partial releases from the Performance Security. (e) The Town may, at its sole option, permit the Developer to substitute other collateral acceptable to the Town for the collateral originally given by the Developer to secure the completion of the Public Improvements. (f) In the event all the Public Improvements secured by the applicable Performance Security will not be constructed and installed prior to the expiration of such Performance Security, the Developer shall replace or secure an extension of such Performance Security on terms acceptable to the Town, at least thirty (30) days prior to expiration of such Performance Security. Except as otherwise provided in the Development Agreement, should the Developer fail to do so, the Town may draw on such Performance Security funds necessary to complete the installation of the Public Improvements and place the funds directly into an escrow account under the control of the Town, and such funds shall be used to complete the installation of the Public Improvements required hereunder. (g) The estimated costs of the Public Improvements are an estimated amount mutually agreed at this time by the Developer and the Town as set forth on Exhibit A attached hereto. In the event the cost of the Public Improvements exceeds the estimated cost, the Developer shall be solely responsible for the actual cost. The purpose of the cost estimate is solely to determine the amount of security and shall be revised every twelve (12) months to reflect the actual costs, and the applicable Performance Security required by this Agreement shall 7 BUS_R&5388245.3 10 -06 -14 TC Packet 210 F,xhibit 3a i Formatted: Font: Bold be adjusted accordingly. No representations are made as to the accuracy of these estimates, and the Developer agrees to pay the actual costs of all such Public Improvements. 8. Construction of Roundabout. (a) The development of the Base Village Project requires that a traffic roundabout and bridge be constructed at the intersection of Wood Road and Brush Creek Road. As of the date hereof, the Developer has completed construction of the Wood Road bridge portion of the Brush Creek/Wood Road Roundabout and Bridge (the "Bridge ") and the Town has accepted the Bridge, but the Developer has not yet commenced construction of the roundabout portion thereof (the "Roundabout "). The design and construction costs of the Roundabout have been estimated to be Three Million Five Hundred Thousand Dollars ($3,500,000.00). (b) In accordance with the Ordinance, the Town's contribution to the design and construction of the Roundabout and Bridge was fixed at Two Million Dollars ($2,000,000.00). The Town has previously paid or credited the Developer an amount equal to One Million Two Hundred Thousand Dollars ($1,200,000.00) for the costs incurred by the Developer's predecessor in interest to design and construct the Bridge. (c) Developer will submit the plans and specifications consisting of ninety (90 %) percent complete construction drawings to the Town by the applicable milestone deadline set forth in the Development Agreement for construction of the Roundabout (the "Roundabout Work "). Developer will enter into a construction contract with a contractor for construction of the Roundabout Work, with a stipulated sum or guaranteed maximum price for all of the Roundabout Work (the "Construction Contract "). Developer will commence the Roundabout Work shown by the final Plans and specifications, as approved by the Town Engineer, as provided in the Development Agreement. (d) In addition to such other terms and conditions agreed by the Developer and the Town, each acting reasonably, agree to the following provisions: (i) The Developer shall provide to the Town a copy of the agreements between (A) the Developer and its engineers for the design of the Roundabout (the "Design Contract "), and (B) the Developer and the contractor under the Construction Contract (the "Construction Contract "); (ii) After the Developer: (A) provides the Town a copy of each of the Design Contract and the Construction Contract; and (B) has paid at least fifty (50 %) percent of the cost of the work under the Construction Contract, the Town shall pay all costs incurred for the design and construction of the Roundabout, up to a maximum amount of Eight Hundred Thousand Dollars ($800,000.00), within thirty (30) days after receiving written request therefor from the Developer, which written request shall include copies of all applicable bills, invoices and conditional lien waivers relating to such costs, subject to the review and reasonable approval of the Town engineer; and 8 BUS_RE 5388245.3 10 -06 -14 TC Packet 211 Exhibit 3a I Formatted: Font: Bold (iii) The Roundabout shall be constructed in accordance with the CD Plan Set consisting of ninety (90 %) percent complete construction drawings to be submitted in accordance with Exhibit A attached hereto. 9. Default. Subject to the provisions of Section 16A- 5- 360(c)(2)(e)(5) of the Code, if Developer fails to observe or perform any of its obligations set forth above in any material respect, Developer shall-have the right to cure said default after written notice by_the Town of the default to Developer. If Developer fails to cure such default within sixty (60) days after written notice is given from the Town to Developer (or if such default cannot be cured within the sixty (60) day period of time, if Developer shall fail to promptly commence to cure the same and thereafter diligently proceed with such cure), then the Town shall be entitled to undertake such work as may be necessary and appropriate to cure such default. The Town shall be entitled to full reimbursement for the reasonable costs of all such work. Notwithstanding the foregoing, upon an event of default by Developer as described above that remains uncured beyond the cure period described above, Developer shall not be entitled to receive a building permit for the construction of any of the buildings described in the Ordinance remaining to be constructed until such default has been cured. Any written notice required to be given to Developer shall be given by first class mail, postage prepaid, and by certified mail, return receipt requested, to the following addresses: If to the Town: Town of Snowmass Village P.O. Box 5010 130 Kearns Road Snowmass Village, Colorado 81615 Attention: Town Manager Telephone: (970) 923 -3777 Facsimile: (970) 923 -6083 If to Developer: SNOWMASS ACQUISITION COMPANY LLC P.O. Box 6565 (USPS Only) 16 Kearns Road, 31 Floor (Fed Ex and UPS) Snowmass Village, CO 81615 Attn: Dwayne Romero With a copy to: SHERMAN & HOWARD LLC 320 W. Main Street Aspen CO 81611 Attn: B. Joseph Krabacher Developer may notify the Town in writing of any change in address to which this notice shall be given. 10. Assignment. Developer may assign its rights and obligations under this Agreement, or any portion thereof, without the Town's consent by a written recorded instrument expressly assigning such rights and powers to any of the following entities: (i) any Affiliate of Developer; (ii) Aspen Skiing Company, LLC, or any of its Affiliates; or (iii) any entity which succeeds to substantially all of Developer's remaining development rights with respect to the 9 BUS_M5388245.3 10 -06 -14 TC Packet 212 Xxhihlt 3a t Formatted: Font: Bold Property as described in the Ordinance. Upon an assignment by Developer of any of its rights or obligations under this Agreement to an entity listed above, an assumption of those rights or obligations (including substitution of financial assurances) by such assignee, and, if the assignment is to an entity listed in (i) through (iii) above, evidence from a reputable banking institution or surety company that the Affiliate is bondable (subject to any guaranties from Developer or another third party required to be posted by such banking institution or surety company), Developer shall be released of all liabilities, arising under - this-Agreement with respect to such rights or obligations. Notwithstanding the foregoing, if Developer assigns any of its rights or obligations under this Agreement to any entity described above which is not an Affiliate of Developer or Aspen Skiing Company, LLC, and at the time of such assignment security for the obligations so- assigned has not yet been posted with the Town, then Developer shall not be released of its liabilities arising under this Agreement with respect to such rights or obligations until the applicable security described in Section 7 above has been posted. For purposes hereof, "Affiliate" shall mean any natural person or entity that owns or controls, is owned or controlled by, or is under common ownership with an entity. "Ownership" or "control' means (A) direct or indirect ownership or control of at least Fifty (50 %) percent of all outstanding equity interests in an entity, or (B) the ability to direct or cause the direction of the management of an entity by ownership of equity interests, agreement or otherwise. 11. Binding Effect. This Agreement shall be binding upon and inure to the benefit of Developer and its respective successors and assigns. 12. Burden and Benefits. Each of the benefits, burdens, terms, covenants, agreements and conditions of this Agreement shall be construed as covenants running with the land benefiting and burdening the Property or any applicable portion thereof, and it is the intent of the parties that such benefits, burdens, terms, covenants, agreements and conditions touch and concern such property. 13. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Colorado. 14. Interpretation. Unless the context of this Agreement clearly requires otherwise: (a) terms defined in the singular may be used in the plural, and terms defined in the plural may be used in the singular; (b) "including" and "such as" are not limited; (c) "or" has the inclusive meaning represented by the phrase "and /or "; (d) the words "hereof," "herein," "hereby," "hereunder" and similar terms in this Agreement refer to this Agreement as a whole and not to any particular provision of this Agreement; (e) Article, Section, clause, paragraph and Exhibit references are to this Agreement unless otherwise specified; 10 BUS_RE(5388245.3 10 -06 -14 TC Packet 213 JEXhibit 3a - .i Formatted: Font: Bold LL (f) references to any agreement (including this Agreement), document or instrument means such agreement, document or instrument as amended or modified and in effect from time to time in accordance with the terms thereof and, if applicable, the terms hereof; and (g) all of the exhibits to this Agreement are hereby incorporated into this Agreement by reference. In the event of any conflict between a term, condition or provision of this Agreement and a provision of the Code, the terms of this Agreement shall control. 15. Severability. If any provision of this Agreement shall be invalid, illegal, void or unenforceable, it shall not affect or impair the validity, legality or enforceability of this Agreement or any other provision hereof, and a court shall enforce this Agreement to the maximum extent legally possible to give effect as nearly as possible to the original intent of the Town and Developer as expressed in this Agreement. If any provision of this Agreement is invalid, illegal, void or unenforceable not in its entirety but as applied to a particular act, thing or circumstance, such provision shall not affect or impair the validity, legality or enforceability of this Agreement or any provision hereof as applied to any other act, thing or circumstance, and a court shall apply such provision and enforce this Agreement to the maximum extent legally possible to give effect as nearly as possible to the original intent of the Town and Developer as expressed in this Agreement. 16. Amendment Waivers; Termination. Except as herinabove provided. T44,; --thk Agreement may not be terminated, modified or amended, nor may waivers hereunder be granted, except in writing and only with the consent and approval of Developer and the Town. 17. Recording. Developer and the Town each shall have the right to record this Agreement in the records of the office of the Clerk and Recorder of Pitkin County, Colorado. 18. Captions and Titles. All captions and titles of headings of Articles and Sections in this Agreement are for the purpose of reference and convenience and are not to be deemed to limit, modify or otherwise affect any of the provisions hereof or to be used in determining the intent or context thereof. (Remainder of Page Intentionally Left Blank) 11 BUS_M5388245.3 10 -06 -14 TC Packet 214 )Exhibit 3a IN WITNESS WHEREOF, the parties have caused this Amended and Restated Subdivision Improvements Agreement for the Base Village Planned Unit Development to be signed on the date set forth below to be effective as of the date written above. TOWN COUNCIL OF SNOWMASS VILLAGE, COLORADO, a Colorado municipal corporation By: Name: Title: Date: APPROVED AS TO FORM: John C. Dresser, Jr., Town Attorney STATE OF COLORADO ) ) ss. COUNTY OF PITKIN ) The foregoing instrument was acknowledged before me this _ day of 2014, by as Town Manager of the Town of Snowmass Village, Colorado. WITNESS MY HAND AND OFFICIAL SEAL. My commission expires: Notary Public [SIGNATURES CONTINUE ON FOLLOWING PAGE] 12 BUS-RE/5388245.3 10 -06 -14 TC Packet 215 [Formatted: Font: Bold Exhibit 38 -� Formatted: Font: Bold IN WITNESS WHEREOF, the parties have caused this Amended and Restated Subdivision Improvements Agreement for the Base Village Planned Unit Development to be signed on the date set forth below to be effective as of the date written above. DEVELOPER: SNOWMASS ACQUISITION COMPANY LLC, A Delaware limited liability company By: Name: Title: STATE OF COLORADO ) ss. COUNTY OF PITKIN ) The foregoing instrument was acknowledged before me this _ day of 2014, by Dwayne Romero as of Snowmass Acquisition Company LLC, a Delaware limited liability company. WITNESS MY HAND AND OFFICIAL SEAL. My commission expires: 13 BUS-RE/5388245.3 Notary Public 10 -06 -14 TC Packet 216 EXHIBIT A (Public Improvements)' Dated: .2014 Type Plans/Description Preliminary Estimated Cost Roundabout To be submitted by $3,500,000 October 1, 2014 Upper Wood Road Improvements To be submitted by $1,400,000 October 1, 2015 Snowmelt Improvements To be submitted $350,000 in conjunction with Building 8 Permit Set LAN I)SCAPE JMPI2QVENMENTS hil !Tans /Descrig }ti<>u Est. Cfrst Phase II B L` —2_Plmsc I D1,1111inLt flan S2. I00_())()__ -,- Phase 2B L2 -2 Pllase I Arming plai1 S2,IOt} 0Q0 Exhibit 3a Formatted: Font: Bold Completion Schedule June 1, 2015 Commencement of Construction November 1, 2015 Substantial Completion July 1, 2016 Final Completion May 1, 2017 Commencement of Construction November 1, 2017 ".mom{ FinaE Completion May 1, 2017 Commencement of Construction November 1, 2017 Substantial Completion 2 The dates on this Exhibit A are subject to adjustment as provided in the Amended and Restated Development Agreement. 14 BUS_M5388245.3 10 -06 -14 TC Packet 217 - formatted: Indent: Left: 4 ", First line: 0.5 Formatted: Centered )' xhibit 3a Formatted: Font: Bold LANDSCAPE IMPROVEMENTS (Continued) Type Plans /Description Est. Cost Ph:Ise 3 L3 -2 Phases 2,3.4 & 5 S 1,100.000 _ Punting 7 Phase 4 L3-2 Phases 23.=1 & �/, S1,tKi( }MOO Planting plan Phase 5 L3 -2 Phases 23.4 & 5 $1.000.000 PIantin2 Lilan 15 BUS_RE/5388245.3 10 -06 -14 TC Packet 218 Exhibit 3a [ Formatted: Font: Bold EXHIBIT B (2004 Pedestrian Circulation and Mobility Map) 16 BUS-RE/5388245.3 10 -06 -14 TC Packet 219 Exhibit 5 TOWN OF SNOWMASS VILLAGE PLANNING COMMISSION RESOLUTION NO. 07 SERIES OF 2014 A RESOLUTION PROVIDING RECOMMENDATIONS TO THE TOWN COUNCIL REGARDING A MINOR PUD AMENDMENT TO BASE VILLAGE INVOLVING REQUESTED I VESTED RIGHTS; EXTENSION, AND COMPLETION OF CERTAIN PUBLIC IMPROVEMENTS, AND TIMEFRAME FOR COMPLETION OF CERTAIN PRIVATE IMPROVEMENTS. WHEREAS, the Base Village Final Planned Unit Development ( "BV PUD ") was approved by Town Council Ordinance No. 21, Series of 2004 ( "Ordinance 21 "), which was amended and updated by Ordinance No. 03, Series of 2007; and WHEREAS, Snowmass Acquisition Company ( "Applicant' and "Owner"), ,a Delaware limited liability company, has submitted a Minor PUD Amendment' application on June 30, 2014 as updated for completeness July 7, 2014, requesting a five. -year extension to November 3, 2019 of the deadline under the Development Agreement for the initial vesting for Base Village while maintaining the overall vesting deadline of November 3, 2024; and proposing certain amendments, the Development Agreement, the Funding Agreement and the Subdivision Improvements Agreement that include provisions for securing the completion of ' the roundabout and other public improvements in relation to the triggers proposed for the vesting extension; and WHEREAS, an initial meeting was scheduled before the Planning Commission on July 23, 2014 to receive a presentation by the Applicant, to hear the recommendations of the Town Staff, to review the application and to consider this resolution;, and WHEREAS, the Planning Commission at a meeting on August 6, 2014 acted upon this resolution; and WHEREAS, the Minor PUD Amendment was processed pursuant to the procedures outlined in Section 16A -5 -390 of the Land Use and Development Code ( "Municipal Code"). NOW, THEREFORE, BE IT RESOLVED, by the Planning Commission of the Town of Snowmass Village,' Colorado: Section One: General Findings. The Planning Commission generally finds that: 1. The Applicant has submitted sufficient information pursuant to Section 16A -5- 390 of the Municipal Code to permit the Town Staff and Planning Commission an adequate review of the proposed Minor PUD Amendment. 10 -06 -14 TC Packet 220 PC Reso 7, 2014 Page a of 6 Exhibit 5 2. In accordance with Municipal Code Section 16A- 5- 90(d),- `'Vested property rights / Term of Vested Right,' it states: "Rights which have been vested as provided herein shall remain so vested for a period of three (3) years, unless extended by the Town Council in its complete discretion on a case -by -ease basis. The Town Council shall consider both the needs of the Town and the property owner in determining to extend a vested property right beyond three (3) years. Any such 'extension shall be in the form of a development agreement duly authorized and executed by the landowner or landowners involved and approved by ordinance. The Town Council may impose reasonable conditions upon any such extension. Town Council has complete discretion on the vested rights matter or extension thereof. However,, inasmuch as the Planning Commission is authorized to review and recommend on proposed PUD Amendments, and the vesting` extension is part of the application, the Planning Commission does feel compelled to offer a recommendation on the vesting request. It further offers specific findings and recommendations concerning the code's Minor PUD Amendment review standards in Sections Two and Three, respectively, in this resolution. 3. As the initial Minor PUD Amendment ,submission dated June 30, 2014` proposed only text revisions to the affected companion agreements, the Planning Director has determined that the Base Village PUD should be treated as a Minor PUD Amendment versus a Major PUD Amendment in accordance with Municipal Code Section 16A -5- 390(1). 4. As further noted within Section Two below for the specific findings, the application, with proposed modifications recommended by Staff, is consistent with all of the applicable review standards specified within Section 1'6A -5 390(3) of the Municipal Code. Section Two: Specific Findings. The Planning Commission specifically finds that: 1. Pursuant to Section 16A- 5- 390(3)a of the Municipal Code, the proposed application is consistent with, or an enhancement of, the original PUD approval. 2. Pursuant to Section 16A- 5- 390(3)b of the Municipal Code, the proposed amendment should not have a substantially adverse effect on the neighborhood surrounding the land where the amendment is proposed, or have a substantially adverse impact on the enjoyment of land abutting upon or across the street from the subject property. The Planning Commission finds that the neighborhood has been, and continues to be, adversely impacted due to the delay in construction of both the public and private improvements initially caused by the recession, but notes 10 -06 -14 TC Packet 221 PC Reso 7, 2014 Page 3 of 6 Exhibit 5 that many of the improvements identified in the previous agreements have been completed. With respect to the remaining required public improvement items described in the Funding Agreement and the Subdivision Improvement Agreement that have yet to be completed, the inclusion of milestones in the Development Agreement for completion of these :items, together with the provision of financial security for completion of some of these items will help to keep these improvements on a schedule that will bring to an end the negative impact on the neighborhood surrounding the Base Village PUD from the delay in completing these public improvements. & Pursuant to `Section 16A= 5-390(3)c of the Municipal Code, the proposed amendment does not describe any change in the basic character of the PUD or surrounding areas although it should be noted that the proposed amendment does require submission of another proposed amendment, to the PUD by October 15, 2014 which may make changes to the basic character of the PUD. 4. Pursuant to Section 16A= 5- 390(3)d of the Municipal Code, the proposed amendment complies with the other applicable standards of Division 3, PUD, including but not limited to Section 16A- 5- 300(c), General Restrictions, and Section 16A -5 -310, Review Standards, because the amendment proposes text amendments to written agreements without describing any design changes, although as noted above the proposed amendment does require submission of another amendment to the PUD by October 15, 2014. 5. Pursuant to Section 16A -5- 310(1), the Planning Commission finds that the completion of outstanding public improvements would assist in fulfilling the Comprehensive Plan objectives and policies. 6. Pursuant to Section 16A -5- 310(2), the Planning Commission finds that this Section on Community Character is not applicable because the proposed amendment describes no design changes to the PUD. 7. Pursuant to Section 16A -5- 310(3), the Planning Commission finds that this Section is not applicable 'because the applicant has described no design changes to the PUD that would modify the creative approach to the project. 8. Pursuant to Section 16A -5- 310(4), the Planning Commission finds that the installation of the outstanding landscaping would benefit the town and surrounding properties, and that the milestones established for completion of these improvements linked to the extension of vesting will more likely ensure "compliance by the applicant. 10 -06 -14 TC Packet 222 PC Reso 7, 2014 Exhibit 5 Page 4 of 6 9. Pursuant to Section 16A -5- 310(5), the Planning Commission finds that this Section on development evaluation standards is not applicable because the application describes no design changes to the PUD. 10. Pursuant to Section 16A -5- 310(6), the Planning Commission finds that this Section on suitability for development is not applicable because the application describes no design changes to the PUD. 11. Pursuant to Section 16A -5- 310(7), the Planning Commission finds that this Section on spatial pattern is not applicable because the application describes no proposed design changes to the PUD.. 12. Pursuant to Section 16A -5- 310(8), the Planning Commission finds that this Section on phasing is only partially applicable because the application describes no proposed phasing changes to the PUD. However, the delayed pace and phasing of construction has and could continue to harm the community as `a whole. Further delays of public` improvements do not meet the code standard of 'as early in the project as reasonable.' Contrarily, the applicant's proposal including milestones that could limit vesting and provision of some financial security for completion increases the likelihood that the installation of public improvements will in fact be reasonably implemented or fulfilled in the project as previously required. 13. Pursuant to Section 16A -5- 310(9), the Planning; Commission finds that this Section on construction interruptions has not been addressed in the proposed agreements, and it would: be in the Town's best interest to have specific language, to be approved by the Town attorney, that the developer provide a reasonable restoration and/or remediation contingency plan to mitigate impacts resulting from any potential extended interruption of construction affecting the community as a whole. Surety or security may be necessary to ensure implementation of the plan. 14. Pursuant to Section 16A -5 -90, to grant the applicant the desired vesting extension, Town Council should make a finding' that it has adequately vvciyi wu a Icru race caL vI a Ic I vrri I cxwI IV yr III I u Ke n Uwl ww WO LI w N1 wFul LY owner based' upon a site specific site plan, which has been referenced in the proposed Development Agreement amendment. Section Three: Action and Recommendations. The Planning Commission makes the following recommendations regarding the application for a Minor PUD Amendment to Base Village regarding the request for vested rights extension and the completion of public improvements and other private improvements: 10 -06 -14 TC Packet 223 PC Reso 7, 2014 Page 5 of 6 Exhibit 5 1. The Planning Commission recommends an interim four -year extension to November 3,2018, that includes an automatic extension to 2019 if the proposed milestones set forth in the Development Agreement are achieved, which is consistent with the original PUD or an enhancement of the PUD. Town Council should make findings as part of their action that the needs of both the Town and the property owner were considered. 2. The Planning Commission recommends acceptance of the language /milestones proposed by the applicant as described in revised Table 1 dated 7/23/2014, revised :8 /6/2014 (attached as Exhibit A) to facilitate more timely public improvements and private investment that will result in no adverse impact on the neighborhood surrounding -the landvhere the amendment is proposed, or have a substantially adverse impact on the enjoyment of land abutting upon or across' the street from the subject property. 3. The Planning Commission recommends that the language proposed by the applicant as to Force Majeure Events is not acceptable, and that any alternative language proposed, if any, by the applicant be approved by the Town Attorney, 4. The Planning Commission recommends that proposed cost estimates be reflective of the expected costs upon completion of construction drawings for both the roundabout and Upper Wood Road and delivered prior to the posted security deadline. What is considered acceptable shall be approved by the Town Engineer. Further, Town Council should also consider what the on- :going costs to the Town of maintaining `the current "temporary" Upper Wood Road may be, as discussed in the e-mail from Town Engineer Dean Gordon (attached as Exhibit B "to this resolution). 5. The Planning Commission recommends that the Applicant be required to provide the Town with the financial surety, in form and substance satisfactory to the Town Attorney, for the proposed public improvements (based on preliminary cost estimates approved by the Town Engineer)` within 30 days of approval of this Minor PUD Amendment. The Commission further recommends that the surety` be updated within 30 days after the Town Engineer approves final cost estimates for ` each public improvement, but no later than January 1, 2015 for the roundabout and January 1, 2016 for the Upper Wood Road improvements. 6. The Planning Commission recommends that the permanent Buildings 7 and 8, including the emergency clinic, on Lot 3 be completed by December 81, 2018. 7. The Town Council should direct the Planning Commission to consider, in the October 15, 2014 PUD Amendment application, whether the Aqua Center was primarily a Community Purpose Facility or a Base Village Amenity and whether the future program, definition and uses as well as the timing of the construction of the Community Purpose Facility should be addressed to the Town's satisfaction. 10 -06 -14 TC Packet 224 PC Reso 7, 2014 Page 6 of 6 Exhibit 5 8. The Town Council should entertain and consider the proposed amendment in the most expeditious manner possible, pursuant to code. 9. The PUD Amendment to be filed by October 15, 2014 should be comprehensive to address the entire Base Village PUD to avoid a piecemeal approach that will not serve the purpose of considering the entire development and appropriate mitigation for the PUD as a whole. 10.The Planning Commission recommends that the "cure period" for any default by the applicant, be- reduced- from the proposed- 60--days to a more reasonable 15- day cure period. 1 1.The Planning Commission recommends that Town Council consider options for financial security to ensure completion of private building construction. Section Four. Severabillity. If any provision of this Resolution or application hereof to any person or circumstance is held invalid, the invalidity shall not affect any other provision or application of this Resolution which can be given effect without the invalid provision or application, and, to this end, the provisions of this Resolution are severable. INTRODUCED, READ, AND APPROVED, as amended, by the motion of Planning Commission Member David Rachofsky and the second of Planning Commission Member Doug Faurer by a vote of 6 in favor and 0 against, on this 6th day of August, 2014. TOWN OF SNOWMASS VILLAGE PLAN ING COMMISSION j4o`6eri S5rkus, 6-hairman ATTEST: Cindy Ford, Planning Commission Secretary Attachments: Exhibit A Table I dated 7/23/2014, revised 8/6/2014 Exhibit B E-mail correspondence from Dean Gordon, Town Engineer dated July 14, 2014 10-06-14 TC Packet 225 ry 0 O z O a a w Exhibit 5 10 -06 -14 TC Packet 226 z Z z O a o o c Q Q 9 U N N lU N a c h m U U a — v c 0 a y p p w � a E c c " v q c n E 7 a E v c m � ° „ n a 3 z m u p of p O 2 D 2 z F p 2 2 M 0 o z m a � o o w c r p c ¢ o 0 0 0 LL $$a1yyff�� 8 a — a s � u " u° 16 m a — o D E '0 c 3 E o u Y £ a s tg � E o' u° 10 -06 -14 TC Packet 226 Exhibit 5 0 a z 0 O 4 w 10 -06 -14 TC Packet 227 z b � � a Q Q O ° a C � .Q O G d N 84, m R - O R L — p g b a N " 9 a > A ga a nry U E 'c u d r"m A 0 v ' E V CL c E d „ c T E b o 'o m o s •°c c m N N tf701 �f x a Y Q d d w L T „ y Lem � L' c w •D E — `o q p° c E o •� u '� � E E 75 �9 A E a— Ij d Y c E E ]E. y EE >ai 3 �< �2 10 -06 -14 TC Packet 227 Exhibit 5 Julie Ann Woods From: Dean Gordon [DeanG @sgm- inc.com] _ Sent: Monday, July 14, 2014 7:12 PM To: Julie Ann Woods Cc: Anne Martens Subject: RE: Draft amendments for SAC application Here Is my take —have to go between screens so this may be disjointed: —BV Development Agreement --we have always been concerned about accelerating costs of maintaining UWB now going on 10 years as a temporary road. BV had originally agreed to not only absorb those costs but actually do the maintenance work. We have lost sight of that in this agreement. They have also never done. any_ maintenance work -at all check with Baker. - -1't Amendment to BV Funding Agreement —€ read that the TOSV pays the first $800k rather than the last $800k or at least a proportional share. - -the town should receive "credit" for the costs it has incurred for SGM's billings as well as staff time; at the least the value of the work should be consistent between BV and TOSV --if they charge for their consultant time and /or staff time then so should the town. - -the list of public works completed seems accurate. - -would like to see the estimated costs before final approval —same comment for the SIA. Amendment to SIA - -their draws should be discounted by at least a 10% retainage AND whatever the town pays. Thank you, Dean Gordon, PE Principal ## From: Julie Ann Woods fmaiito:JWo_ WsCa-ytosv.coml Sent: Friday, July 11, 2014 7:41 AM To: Dean Gordon Cc: Anne Martens Subject: FW: Draft amendments for SAC application Dean - Please confirm you received these. 10 -06 -14 TC Packet 228 AGENDA ITEM SUMMARY TOWN OF SNOWMASS VILLAGE Meeting Date: October 6, 2014 Agenda Item: DISCUSSION REGARDING THE IMPLEMENTATION OF A REVISED AGENDA FORMAT Presented By: CLINT KINNEY, TOWN MANAGER Core Issues: This will be an opportunity to consider a slightly new format for regular Town Council meetings Description: - There -are -( generally) two regular Town- Council meeting - each month at which the Town Council can make formal decisions and provide formal direction to City Staff. Given this limited time for the Council to formally act as a governing body, it is in the best interest to ensure that Council meetings are organized in as an efficient and effective manner as possible. As such, it suggested that a modified agenda format be utilized for Regular Town Council meetings. A draft of the suggested format is included for review. The major framework for the meeting is recommended to stay the same. Scheduled presentations and public comment would remain at the beginning of the agenda. The largest change would be the addition of a "Consent Agenda ". The Consent Agenda will be an opportunity for the Town Council to approve items that are considered non - controversial and where all the conditions and requirements have been agreed to and met. These are agenda items that don't warrant individual discussion, but still need formal approval by the Town Council. The Public Hearing Section of the Agenda would remain largely the same except that quasi - judicial public hearings and legislative public hearings would be differentiated. Following the Public Hearing Section would be the Administrative Agenda; this would be a section of the Agenda that will allow staff to review specific issues with the Town Council and request approval and /or direction as warranted. The final section of the Agenda would be Town Council reports and actions. Financial Impact: Minimal if an Council Options: 1) Direct staff to continue to work with the current agenda format 2) Direct staff to begin using the "new" recommended format starting October 20, 2014. 3) Direct staff to include additional changes to the recommended agenda format Staff It is the recommendation of Town Staff that we begin utilizing the Recommendation: suggested agenda format on October 20 and that we make necessary adjustments to the format at the new agenda process continues to be refin°1 10 -06 -14 TC Packet 229 SNOWMASS VILLAGE TOWN COUNCIL REGULAR MEETING DATE 1. 4:00 P.M. CALL TO ORDER AND ROLL CALL 2. PROCLAMATIONS AND PRESENTATIONS A. Update on the 4th of- July,Uncle Sam 3. PUBLIC COMMENT This section is set aside for the Town Council to LISTEN to comment by the public regarding item that do not otherwise appear on this agenda. Generally, the Town Council will not discuss the issue and will not take an official action under this section of the agenda. 4. CONSENT AGENDA These are items where all conditions or requirements have been agreed to or met prior to the time they come before the Council for final action. A Single Public Hearing will be opened for all items on the Consent Agenda. These items will be approved by a single motion of the Council. The Mayor will ask if there is anyone present who has objection to such procedure as to certain items. Members of the Council may also ask that an item be removed from the consent section and fully discussed. All items not removed from the consent section will then be approved. A member of the Council may vote no on specific items without asking that they be removed from the consent section for full discussion. Any item that is removed from the consent agenda will be placed on the regular agenda. A. Minutes — A request to approve the minutes from: September 8, 2014 Regular Meeting September 22, 2014 Special Meeting September 22, 2014 Regular Meeting B. 'Discussion and Possible Action to Consider A Resolution Confirming Apple Pie as the Official Favorite Dessert in Snowmass Village C. Discussion and Possible Action to Consider an Intergovernmental Agreement for an Issue We Should Clearly be Undertaking and Authorizing the Town Manager to Execute the Agreement 5. QUASI — JUDICIAL PUBLIC HEARINGS Public Hearings are the formal opportunity for the Town Council to LISTEN to the public regarding the issue at hand. For land use hearings the Council is required to act in a quasi - judicial capacity. When acting as a quasi - judicial body, the Council is acting in much the same capacity as a judge would act in a court of law. Under these circumstances, the judicial or quasi - judicial must limit its consideration to matters which are places into evidence and are part of the public record. The Council must base their decision on the law and the evidence presented at the hearing. 10 -06 -14 TC Packet 230 10- 06 -14tc Agenda Page 2 of 3 1) Staff Presentation. Staff will present an overview of the project, comments and reports received from review agencies, and offer a recommendation. 2) Applicant Presentation. The petitioner is asked to present the proposal. Presentations should be brief and to the point and cover all of the main points of the project. 3) Public Input (limit of 5 minutes per person). People speaking should step up to the microphone and state their name and address. Speakers should be to the point and try not to repeat the points of others have made. 4) Applicant Response. The Mayor will ask for the applicant's rebuttal. During this brief time, the applicant should answer the questions raised by the public. 5) Staff Response. - -6) - Questions from the Council. After a Council member is recognized by the Mayor, they may ask questions of the staff, the applicant. 7) Final Comments 8) Make a motion. A member of the Town Council will make a motion on the issue. 9) Discussion on the motion. The Town Council may discuss the motion. 10) Vote. The Town Council will then vote on the motion. A. PUBLIC HEARING — SECOND READING OF ORDINANCE NO. 4 SERIES OF 2015 — AN ORDINANCE REGARDING A PUD AMENDMENT TO MAKE THIS TOWN PERFECT FOR EVERYONE .............Page 6. LEGISLATIVE (POLICY) PUBLIC HEARINGS A. PUBLIC HEARING AND RESOLUTION NO. 30, SERIES OF 2014 APPROVING THE 2016 BUDGET A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES FOR THE TOWN OF SNOWMASS VILLAGE AND ADOPTING FOR THE CALENDAR YEAR BEGINNING ON THE FIRST DAY OF JANUARY, 2014 AND ENDING ON THE LAST DAY OF DECEMBER, 2014 AND APPROPRIATING SUMS OF MONEY TO THE VARIOUS FUND FOR THE 2015 BUDGET YEAR ............. ...........................Page B. FIRST READING — ORDINANCE NO. 02 SERIES OF 2014 — AMENDING THE 2014 BUDGET AN ORDINANCE AMENDING THE 2014 BUDGET FOR ALL FUNDS FOR THE TOWN OF SNOWMASS VILLAGE (Time: 10 minutes) ............. ...........................Page 10 -06 -14 TC Packet 231 10- 06 -14tc Agenda Page 3 of 3 7. ADMINISTRATIVE AGENDA A. Update on Forest Service Management Plan To Save All the Trees B. Discussion and Possible Action to Consider a Resolution Creating A Process That Will Improve the Quality of Life 8. TOWN COUNCIL REPORTS AND ACTIONS A) ADOPTION OF 2015 -16 GOALS AND POLICIES B) CALENDARS 1) October 2) November 3) December 41111111111KA�e =Z411:1101111 10 -06 -14 TC Packet 232 1 st Draft SNOWMASS VILLAGE TOWN COUNCIL REGULAR MEETING AGENDA OCTOBER 20, 2014 PLEASE NOTE THAT ALL TIMES ARE APPROXIMATE — ITEMS COULD START EARLIER OR LATER THAN THE STATED TIME CALL TO ORDER AT 4:00 P.M. Item No. 1: ROLL CALL Item No. 2: PUBLIC NON - AGENDA ITEMS (5- minute time limit) Item No. 3: COUNCIL UPDATES Item No. 4: SECOND READING — ORDINANCE NO. 02. SERIES OF 2014 — AMENDING THE 2014 BUDGET AN ORDINANCE AMENDING THE 2014 BUDGET FOR ALL FUNDS FOR THE TOWN OF SNOWMASS VILLAGE (Time: 5 minutes) ACTION REQUESTED OF COUNCIL: Approve, modify or deny Second Reading of Ordinance No. 02, Series of 2014 -- Marianne Rakowski ........... ...........................Page Item No. 5: AIRPORT AIR SERVICES PLANNING STUDY (Time: 45 Minutes) ACTION REQUESTED OF COUNCIL: Listen to presentation and provide feedback to Pitkin County. - -Jon Peacock, Pitkin County Manager Item No. 6: ASPEN SKI COMPANY SEASONAL UPDATE (Time: 40 Minutes) ACTION REQUESTED OF COUNCIL: Listen to presentation by Ski Company and provide questions or comments. • Mike Kaplan, President/CEO — Introductory Remarks • David Perry, Senior VP, Mt. Division — Business Overview • Steve Sewell, GM Snowmass Mountain — Snowmass Ops /Summer - -Mike Kaplan ................No Packet Information Item No. 7: RECYCLING/ UPDATE (Time: 30 Minutes) ACTION REQUESTED OF COUNCIL: Listen to presentation and provide feedback to staff. - -Kelly Vaughn /Anne Martens /Dave Ogren 10 -06 -14 TC Packet 233 10- 20- 14 -14tc Agenda Page 2 of 2 Item No. 8: MANAGER'S REPORT (Time: 10 minutes) • Ice Rink Options - -Clint Kinney .......................... ...........................Page Item No. 9: AGENDA FOR NEXT TOWN COUNCIL MEETING: • November 17,2014 • December 1, 2014 • December 8, 2014 • December 15, 2014 ......... ............................... ...........................Page Item No. 10: APPROVAL OF MEETING MINUTES FOR: • October 6, 2014 ......... ............................... ...........................Page Item No. 11: COUNCIL COMMENTS /COMMITTEE REPORTS /CALENDARS: ......... ............................... ...........................Page Item No. 12: ADJOURNMENT NOTE: Total time estimated for m_eetinq Approx hours (excluding items 1- 3 and 9 —12) ALL ITEMS AND TIMES ARE TENTATIVE AND SUBJECT TO CHANGE WITHOUT FURTHER NOTICE. PLEASE CALL THE OFFICE OF THE TOWN CLERK AT 923 -3777 ON THE DAY OF THE MEETING FOR ANY AGENDA CHANGES. 10 -06 -14 TC Packet 234 2ND Draft SNOWMASS VILLAGE TOWN COUNCIL REGULAR MEETING AGENDA NOVEMBER 17, 2014 PLEASE NOTE THAT ALL TIMES ARE APPROXIMATE — ITEMS COULD START EARLIER OR LATER THAN THE STATED TIME CALL TO ORDER AT 4:00 P.M. OLD BUSINESS Item No. 1: ROLL CALL Item No. 2: PUBLIC NON - AGENDA ITEMS (5- minute time limit) Item No. 3: COUNCIL UPDATES NEW BUSINESS Administer oaths for new Council Members Item No. RESOLUTION NO. 34 SERIES OF 2014 — A RESOLUTION EXPRESSING APPRECIATION TO FRED KUCKER FOR HIS SERVICE AS A TOWN COUNCIL MEMBER OF THE TOWN OF SNOWMASS VILLAGE ACTION REQUESTED OF COUNCIL: Approve, modify or deny Resolution No. 34, Series of 2014 Item No. MANAGER'S REPORT (Time: 10 minutes) - -Clint Kinney .......................... ...........................Page Item No. 9 AGENDA FOR NEXT TOWN COUNCIL MEETING: ......... ............................... ...........................Page Item No. 10: APPROVAL OF MEETING MINUTES FOR: ........ ............................... ...........................Page Item No. 11: COUNCIL COMMENTS /COMMITTEE REPORTS /CALENDARS: 10 -06 -14 TC Packet 235 11- 17 -14tc Agenda Page 2 of 2 ......... ............................... ...........................Page Item No. 12: ADJOURNMENT NOTE: Total time estimated for meeting: Approx hours (excluding items 1- 3 and 9 —12) ALL ITEMS AND TIMES ARE TENTATIVE AND SUBJECT TO CHANGE WITHOUT FURTHER NOTICE. PLEASE CALL THE OFFICE OF THE TOWN CLERK AT 923 -3777 ON THE DAY OF THE MEETING FOR ANY AGENDA CHANGES. 10 -06 -14 TC Packet 236 1 st Draft SNOWMASS VILLAGE TOWN COUNCIL REGULAR MEETING AGENDA DECEMBER 01, 2014 PLEASE NOTE THAT ALL TIMES ARE APPROXIMATE — ITEMS COULD START EARLIER OR LATER THAN THE STATED TIME CALL TO ORDER AT 4:00 P.M. Item No. 1: ROLL CALL Item No. 2: PUBLIC NON - AGENDA ITEMS (5- minute time limit) Item No. 3: COUNCIL UPDATES Item No. 4: RESOLUTON NO. 33, SERIES OF 2014 - A RESOLUTION (Time: 15 Minutes) ESTABLISHING DATES FOR REGULAR MEETINGS OF THE SNOWMASS VILLAGE TOWN COUNCIL FOR THE MONTHS OF JANUARY 2015 THROUGH DECEMBER 2015 ACTION REQUESTED OF COUNCIL: Approve, modify or deny Resolution No. 33, Series of 2014 -- Rhonda B. Coxon, Town Clerk Item No. 8: MANAGER'S REPORT (Time: 10 minutes) - -Clint Kinney ......................... ...........................Page Item No. 9 AGENDA FOR NEXT TOWN COUNCIL MEETING: O ........ ............................... ...........................Page Item No. 10: APPROVAL OF MEETING MINUTES FOR: ........ ............................... ...........................Page Item No. 11: COUNCIL COMMENTS /COMMITTEE REPORTS /CALENDARS: ......... ............................... ...........................Page NOTE: Total time estimated for meeting: Approx hours (excluding items 1- 3 and 9 —12) 10 -06 -14 TC Packet 237 12- 01- 14 -14tc Agenda Page 2 of 2 ALL ITEMS AND TIMES ARE TENTATIVE AND SUBJECT TO CHANGE WITHOUT FURTHER NOTICE. PLEASE CALL THE OFFICE OF THE TOWN CLERK AT 923 -3777 ON THE DAY OF THE MEETING FOR ANY AGENDA CHANGES. 10 -06 -14 TC Packet 238 SNOWMASS VILLAGE TOWN COUNCIL SPECIAL MEETING AGENDA DECEMBER 08, 2014 PLEASE NOTE THAT ALL TIMES ARE APPROXIMATE — ITEMS COULD START EARLIER OR LATER THAN THE STATED TIME CALL TO ORDER AT 4:00 P.M. Item No. 1: ROLL CALL _Item No. 2 -PUBLIC- NON - AGENDA ITEMS (5- minute time limit) Item No. 3: COUNCIL UPDATES Item No. 4: RESOLUTION NO. 32, SERIES OF 2014 — LEVYING PROPERTY TAXES FOR THE TOWN OF SNOWMASS VILLAGE RESOLUTION LEVYING GENERAL PROPERTY TAXES FOR THE YEAR 2013 TO HELP DEFRAY THE COST OF GOVERNMENT FOR THE TOWN OF SNOWMASS VILLAGE, COLORADO; AND TO PAY GENERAL OBLIGATION BOND PRINCIPAL, INTEREST AND RELATED COSTS; AND FOR THE TOWN'S ROAD IMPROVEMENT PROGRAM; AND FOR TRANSPORTATION SERVICES AND THE CONTRIBUTION TOWARDS THE DROSTE PROPERTY PURCHASE FOR THE 2013 BUDGET YEAR (Time: 5 Minutes) ACTION REQUESTED OF COUNCIL: Review, modify, approve or deny Resolution No. 32, Series of 2014 -- Marianne Rakowski ......... ...........................Page Item No. 5: ADJOURNMENT NOTE: Total time estimated for meetina: Arwrox 30 Minutes (excludin items 1 -3 and 5) ALL ITEMS AND TIMES ARE TENTATIVE AND SUBJECT TO CHANGE WITHOUT FURTHER NOTICE. PLEASE CALL THE OFFICE OF THE TOWN CLERK AT 923 -3777 ON THE DAY OF THE MEETING FOR ANY AGENDA CHANGES. 10 -06 -14 TC Packet 239 1 st Draft SNOWMASS VILLAGE TOWN COUNCIL REGULAR MEETING AGENDA DECEMBER 15, 2014 PLEASE NOTE THAT ALL TIMES ARE APPROXIMATE — ITEMS COULD START EARLIER OR LATER THAN THE STATED TIME CALL TO ORDER AT 4:00 P.M. Item No. 1: ROLL CALL Item No. 2: PUBLIC NON - AGENDA ITEMS (5- minute time limit) Item No. 3: COUNCIL UPDATES Item No. 8: MANAGER'S REPORT (Time: 10 minutes) - -Clint Kinney .......................... ...........................Page Item No. 9 AGENDA FOR NEXT TOWN COUNCIL MEETING: i ......... ............................... ...........................Page Item No. 10: APPROVAL OF MEETING MINUTES FOR: ......... ............................... ...........................Page Item No. 11: COUNCIL COMMENTS /COMMITTEE REPORTS /CALENDARS: ......... ............................... ...........................Page Item No. 12: ADJOURNMENT NOTE: Total time estimated for meeting: Approx hours (excluding items 1- 3 and 9 —12) ALL ITEMS AND TIMES ARE TENTATIVE AND SUBJECT TO CHANGE WITHOUT FURTHER NOTICE. PLEASE CALL THE OFFICE OF THE TOWN CLERK AT 923 -3777 ON THE DAY OF THE MEETING FOR ANY AGENDA CHANGES. 10 -06 -14 TC Packet 240 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 SNOWMASS VILLAGE TOWN COUNCIL REGULAR MEETING MINUTES SEPTEMBER 8, 2014 Mayor Boineau called to order the Regular Meeting of the Snowmass Village Town Council on Monday, September 8, 2014 at 4:01 p.m. A complete live recording of this meeting can be found at www.tosv.com under Town Council Meetings. This will be archived indefinitely allowing you to view at any time. Item No. 1 ROLL CALL COUNCIL MEMBERS PRESENT COUNCIL MEMBERS ABSENT: STAFF PRESENT: Bill Boineau, Markey Butler, Jason Haber, Fred Kucker and Chris Jacobson None Gary Suiter, Interim Town Manager; John Dresser, Town Attorney; Julie Ann Wood, Community Development Director; Kelly Vaughn, Communications Director; David Peckler, Transportation Director; Anne Martens, Public Works Director; Rhonda B. Coxon, Town Clerk Richard Goodwin, Mel Blumenthal, Jill Bethard, Greg Smith, Don Schuster, Greg Roulon, Steve Parmelee, Shawn Gleason, Jack Donovan, Bob Sirkus and other members of the Public interested in today's agenda items. Item No. 2 PUBLIC NON - AGENDA ITEMS Jeff Head part owner of the Snowmass Conoco gas station asked that the Council please look at the plans for the proposed roundabout at Brush Creek and Wood Road very carefully and he also asked that the Public have time for discussion on an agenda before Council votes on a design. Item No. 3 COUNCIL UPDATES 10 -06 -14 TC Packet 241 46 Council Member Butler noted job well done to the Marketing Department for the 47 wonderful job with Tough Mudder and Mayor agreed! 48 49 Mayor Boineau noted that Aspen Journalism is sponsoring a Candidate Forum in the 5o Town Council Chambers on October 16, 2014 at 5:15 p.m. 51 52 Council Member Jacobson expressed condolences for the loss of Monroe Summers the 53 guiding spirit at Cozy Point. He also noted that the Sheep Nationals are coming up 54 and they are a very interesting and fun. 55 56 Council Member Kucker wanted to thank the Marketing Department for the job they 57 have -done for the entire summer. 58 59 Mayor Boineau asked that staff look into more money going to the removal of thistles on 60 open space within Snowmass Village. 61 62 Council Member Haber noted that Georgia Hanson is requesting more money for an 63 event coming the end of this month and Town Council asked that she make a 64 funding request on a Regular Meeting agenda. 65 66 Item No. 4 PUBLIC HEARING- FIRST READING OF ORDINANCE NO. 3 67 SERIES OF 2014 AN ORDINANCE REGARDING A MINOR PUD AMENDMENT 68 TO BASE VILLAGE INVOLVING REQUESTED VESTED RIGHTS EXTENSION, AND 69 COMPLETION OF CERTAIN PUBLIC IMPROVEMENTS, AND TIMEFRAME FOR 70 COMPLETION OF CERTAIN PRIVATE IMPROVEMENTS 71 72 73 Mayor Boineau reopened the continued Public Hearing from the August 18th, 2014 74 meeting at 4:20 p.m. 75 76 Community Development Director Julie Ann Woods noted that the applicant Snowmass 77 Acquisition Company, LCC (SAC) submitted revised versions of the agreements in 78 connection with the pending application for the Minor PUD Amendment to the 79 Base Village PUD pursuant to the Land Use Code Section 16A5 -70 (3). She noted 8o that SAC I requesting that Town Council review the attached revised agreements 81 (Exhibits 1 and 2) instead of the previously submitted agreements. According to the 82 applicant, the changes to the milestones are consistent with the Planning Commission's 83 Resolution No. 7, Series of 2014. The Town Attorney John Dresser stated that 84 all amendments should be entered into the Public Hearing process not submitted after 85 the packet has been produced or held for additional information. Woods provided 86 clarification on the process. Council reviewed the revised amendments at this time. 87 88 Council does not feel this should be a standard practice but for this important 89 application they will allow the second amendment. 90 10 -06 -14 TC Packet 242 91 Bill Boineau made the motion to approve accepting the amendments one and two for 92 discussion only. Markey Butler seconded the motion. The motion was approved by a 93 vote of 5 in favor to 0 opposed. 94 95 Voting Aye: Jason Haber, Fred Kucker, Markey Butler, Bill Boineau, and Chris 96 Jacobson. 97 98 Voting Nay: None. 99 Town Council took a break at this time. - -100 - At this -time- Mayor- - Boineau took -- comments- from- the Public: 101 102 Wayne Ethridge the General Manager of Wood Run Five Condominiums read a letter 103 into the record regarding a short vesting for 3 years, finishing buildings 7, 8 the 104 roundabout and finish Wood Road. This was from the Wood Run Five Condominium 105 Association. 106 107 Arnie Mordkin resident of Snowmass Village spoke that all the members of the 108 community want one thing to finish Base Village. Extension of the Vesting rights is what 109 is being approved by first and second reading of an Ordinance. What if the PUD 110 application that is submitted by October 15, what happens if it gets denied. There are 111 still no guarantees that anything will be finished. If we approve the vesting today we are 112 right back where we have been in the past years. He is asking the Council to stand up 113 for the Community. 114 115 Richard Goodwin a resident of Snowmass Village suggested that the SAC provide a 116 revised resolution extend vesting day by day unless Town Council decides to cancel the 117 vesting with financial safe guards, until they do something. 118 119 Walter Hunselman a forty year resident of Snowmass Village who works for the Aspen 120 Skiing company spoke to the quality of life for the residents and customers he urges the 121 Town Council not approve the extension without an end plan. He read the letter into the 122 record at this time. 123 124 Scott Calliham local resident and tenant of Base Village spoke to all the idea that 125 buildings 7 and 8 need to be finished first. Need to see forward progress. 126 127 Mike Sura a thirty three year resident of Snowmass Village likes the idea of waiting for 128 six months to see the new plan until the new Council is seated and let them decide what 129 to do. 130 131 At this time Community Development Director Julie Ann Woods asked that we continue 132 to the second amendment and spoke to some time lines and she noted that this 133 discussion begins on page 47 of today's packet. She then reviewed each and asked for 134 Council and the applicant's agreement. This includes all the amendments to the 10 -06 -14 TC Packet 243 135 agreements in a redline version. At this time the applicant SAC noted that he has 136 provided a response to staff comments and it is on the screen for the benefit of Council 137 to help move this discussion along. This was a very lengthy discussion. 138 139 Town Council then reviewed the ordinance page by page and line by line, making 140 language changes as they reviewed. 141 142 Fred Kucker made the motion to approve as amended by the Town Council Ordinance 143 No. 3, Series of 2014 Bill Boineau seconded the motion. The motion was approved by 144 a vote of 3 in favor to 2 opposed. Council Member Haber and Jacobson opposed. 145 146 Voting Aye: Bill Boineau, Markey Butler, and Fred Kucker: 147 148 Voting Nay: Jason Haber, and Chris Jacobson. 149 Item No. 5 MANAGER'S REPORT 150 151 Listed below are the items discussed in the town Manager's Report 152 153 Strategic Goals 154 Ice Rink 155 Tourism Director Search - Begins September 29, 2014 156 Fire Mitigation 157 Thistles 158 Housing Funding Request 159 Council Community Outreach 160 GFOA Budget Award 161 Ice Age Discovery - September 22, 2014 162 Entryway Planning 2nd Meeting 163 Funding request for Mountain View I Concrete Repairs 164 Coffee with the Mayor - Direction from the Council 165 Total number of Parking in Snowmass Village total 3,200 166 167 Item No. 6 AGENDA FOR NEXT TOWN COUNCIL MEETINGS • September 22, 2014 - Budget Meeting 10:00 a.m. • September 22, 2014 Regular Meeting • October 6, 2014 - Regular Meeting • October 20, 2014 - Regular Meeting 168 Mayor Boineau noted there is a Budget Meeting on September 22, 2014 and Council 169 Member Haber asked that the Ice Rink come back to Council at the October 6, 2014 170 meeting. 171 172 Item No. 7 APPROVAL OF MEETING MINUTES FOR • August 4, 2014 - Regular Meeting • August 18, 2014 - Regular Meeting 10 -06 -14 TC Packet 244 173 Fred Kucker made the motion to approve the Regular Meeting Minutes for 174 the Snowmass Village Town Council on Monday, August 4, 2014. Jason Haber 175 seconded the motion. The motion was approved by a vote of 5 in favor to 0 opposed. 176 177 Voting Aye: Bill Boineau, Markey Butler, Jason Haber, Fred Kucker, and Chris 178 Jacobson. 179 18o Voting Nay: None. 181 Fred Kucker made the motion to approve the Regular Meeting Minutes for the 182 Snowmass Village Town Council on Monday, August 18, 2014. Bill Boineau seconded - -183 - the motion The motion-was- approved -by-a vote-- of -5 -in favor to 0- opposed: 184 185 Voting Aye: Bill Boineau, Markey Butler, Jason Haber, Fred Kucker, and Chris 186 Jacobson. 187 188 Voting Nay: None. 189 Item No. 8 COUNCIL COMMENTS /COMMITTEE REPORTS /CALENDARS • September • October • November 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 At 8:14 p.m. Fred Kucker made the motion to adjourn the Regular meeting of the Snowmass Village Town Council on Monday, September 8, 2014. Chris Jacobson seconded the motion. The motion was approved by a vote of 5 in favor to 0 opposed. Voting Aye: Bill Boineau, Markey Butler, Jason Haber, Fred Kucker, and Chris Jacobson. Voting Nay: None. Submitted By, Rhonda B. Coxon, CMC Town Clerk 10 -06 -14 TC Packet 245 10 -06 -14 TC Packet 246 Sun Mon Tue 2014 Wed Thu Fri Sat 1 2 3 4 5 -_ 6 7 8 Town Council Election Daffy Meeting j 30I. !_ Cancelled 9 10 11 12 13 14 15 Veteran's Day! 16 17 18 19 20 21 22 30 10- 06 -14TC Packet 247 10 -0 December