HomeMy WebLinkAboutPACKET Town Board 2011-02-22
RESOLUTION NO. 03-11
SUPPORTING THE GRANT APPLICATION FOR A LOCAL PARKS AND OUTDOOR
RECREATION PLANNING GRANT FROM THE STATE BOARD OF THE GREAT
OUTDOORS COLORADO FOR THE ESTES PARK WILDLIFE WALK
WHEREAS, the Town of Estes Park is requesting $32,000 from Great Outdoors
Colorado to plan an interpretive wildlife walk beginning at the Convention and Visitors
Center and extending along a portion of the Lake Estes Trail; and
WHEREAS, Great Outdoors Colorado requires that the Board of Trustees and
the Mayor of the Town of Estes Park to state their support for the Great Outdoors
Colorado grant application for the Estes Park Wildlife Walk.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTESS OF
THE TOWN OF ESTES PARK, COLORADO:
1. The Board of Trustees and the Mayor of the Town of Estes Park strongly
support the application to Great Outdoors Colorado for the Wildlife Walk.
2. The Board of Trustees and the Mayor of the Town of Estes Park acknowledge
that the grant application includes matching funds which Town of Estes Park
is solely responsible to provide if a grant is awarded.
3. The Board of Trustees and the Mayor of the Town of Estes Park will
appropriate those matching funds and authorizes the expenditure of funds
necessary to meet the terms and obligations of any grant awarded.
4. This resolution to be in full force and effect from and after its passage and
approval.
PASSED AND ADOPTED BY THE BOARD OF TRUSTEES OF THE TOWN OF
ESTES PARK on this day of , 2011.
TOWN OF ESTES PARK, COLORADO
By: ________ ________
Mayor
ATTEST:
Town Clerk
ORDINANCE NO. 06-11
AN ORDINANCE AMENDING
THE ESTES VALLEY DEVELOPMENT CODE
TO REZONE:
LOT 1 VISITOR CENTER SUBDIVISION
LOCATED AT 500 BIG THOMPSON AVENUE
AND
LOT 1B OF THE REPLAT OF A PORTION OF LOT 4 AND ALL OF LOT 1 STANLEY
MEADOWS ADDITION TO THE TOWN OF ESTES PARK
LOCATED AT 600 BIG THOMPSON AVENUE
WHEREAS, the Board of Trustees of the Town of Estes Park adopted Ordinance
03-05 on February 22, 2005; and
WHEREAS, Ordinance 03-05 included a incorrect legal description; and
WHEREAS, the Board of Trustees of the Town of Estes Park has determined
that it is in the best interest of the Town that the recommended zoning change be
granted.
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF TRUSTEES OF
THE TOWN OF ESTES PARK, COLORADO:
Section 1: Lot 1, Visitor Center Subdivision, and Lot 1B, of the replat of a
portion of Lot 4 and all of Lot 1, Stanley Meadow Addition to the Town of Estes Park,
Colorado, is hereby zoned “CD” Commercial Downtown.
Section 2: This Ordinance shall take effect and be enforced thirty (30) days after
its adoption and publication.
PASSED AND ADOPTED BY THE BOARD OF TRUSTEES OF THE TOWN OF
ESTES PARK, COLORADO, THIS ______ DAY OF ___________, 2011.
TOWN OF ESTES PARK
_____________________________________
Mayor
ATTEST:
_____________________________
Town Clerk
I hereby certify that the above Ordinance was introduced and read at a regular
meeting of the Board of Trustees on the day of , 2011
and published in a newspaper of general circulation in the Town of Estes Park,
Colorado, on the day of , 2011, all as required by
the Statutes of the State of Colorado.
Town Clerk
SALES TAX REPORTSALES TAX REPORT:
20102010
S ld i OffiSteve McFarland –Finance Officer
SALES TAX FACTS
•2010 complete.
•+2.3% vs 2009
•+1.0% vs 2009 factoring in CPI (real growth)g (g)
•+1.6% vs 2010 original budget; +0.1% vs revised
•2010 vs 2009 by quarter:•2010 vs.2009 by quarter:
•1st Q ‐8.0% 2
nd Q ‐1.5%
•3rd Q +5 9%4th Q +5 9%•3rd Q +5.9%4th Q +5.9%
RECESSION OVER?
% +/‐% +/‐
over prior over prior
year year
Quarter Year Quarter Year
2001 1st 21.7% 4.0% 2006 1st 4.8% 5.4%
2nd 22%2nd 11 3%2nd ‐2 .2%2nd 11 .3%
3rd 3.8% 3rd 4.8%
4th 1.2% 4th 0.0%
2002 1st ‐9.9%‐2.0% 2007 1st ‐3.0%6.9%
2nd 4.3% 2nd 13.2%
3rd ‐0.4%3rd 9.1%
4th 70%4th 07%4th ‐7 .0%4th 0 .7%
2003 1st ‐3.2%2.2% 2008 1st 6.5%‐0.7%
2nd ‐4.0%2nd ‐9.9%
3rd 4.8% 3rd 1.5%
4th 8.3% 4th 2.6%
2004 1st 12 9%21%2009 1st 20%46%2004 1st 12 .9%2 .1%2009 1st ‐2 .0%‐4 .6%
2nd 6.6% 2nd ‐1.5%
3rd ‐6.4%3rd ‐7.2%
4th 9.4% 4th ‐4.2%
2005 1st ‐3.4%1.9% 2010 1st ‐8.0%2.3%
2nd ‐2.3%2nd ‐1.5%
3d 81%3d 59%3 r d 8 .1%3 r d 5 .9%
4th ‐1.7%4th 5.9%
SALES TAX, 2010 vs. 2009
2.3%
1.6%
07%
3.4%
2.0%
4.0%2009 v 2010
0.2%
‐1.1%
0.3%
0.7%
20%
0.0%
‐4.0%
‐2.0%
2009 v 2010
‐7.2%
‐5.3%
‐8.0%
‐6.0%
%
SALES TAX TRENDS
10%
15%
20%
500000
600000
700000
$583,924
$7,007,094
2010 = $7.01M
'2011 B = $7.00M
December-10
12 Mo Rev.
5%
0%
5%
300000
400000
500000
g o
f
A
v
e
R
e
v
.
com
e
-15%
-10%
-5%
100000
200000
12
M
o
%
C
h
g
In
c
2.25%
12 Mo. ROC =December-10
-20%0
12 Mo Ave 12 mo %Linear (12 Mo Ave)Linear (12 mo %)
SALES TAX 1985‐2010
$8 000 000
$6 000 000
$7,000,000
$8,000,000
$4,000,000
$5,000,000
$6,000,000
$2,000,000
$3,000,000
$4,000,000
$0
$1,000,000
,,
19851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010
SALES TAX % (FACTORING CPI)
250.00%
200.00%
150.00%
CPI growth
100.00%
Real growth
0.00%
50.00%
TRENDS
TRENDS (FACTORING CPI)
7,000,000
8,000,000
5,000,000
6,000,000
Sl t ($)
2 000 000
3,000,000
4,000,000
Sales tax revenues ($)
RMNP visitation counts
Traffic counts US 34/36
Sales tax minus CPI
0
1,000,000
2,000,000
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
2010 SALES TAX
SECTOR ANALYSISSECTOR ANALYSIS
ANNUAL SECTOR COMPARISONSANNUAL SECTOR COMPARISONS
(Last Decade: 2001‐2010)
35%
40%
% of Total sales tax by Type
25%
30%
Food
Lodging
15%
20%
Lodging
Retail/Other
Utilities
Construction
Auto
5%
10%
0%
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
SALES TAX 2008‐10
$8 000 000
$594,890
$555,958 $549,970
$443,856
$338,364 $339,944
$135,789
$141,995 $150,698
$6,000,000
$7,000,000
$8,000,000
$1,635,091 $1,568,005 $1,554,316
$4,000,000
$5,000,000
$6,000,000
AUTOMOTIVE
CONSTRUCTION
UTILITY
$1,771,509 $1,675,092 $1,768,187
$2,000,000
$3,000,000
RETAIL
LODGING
FOOD
$2,602,655 $2,573,160 $2,643,978
$0
$1,000,000
2008 2009 2010
Market Study and Pro-Forma
Multipurpose Event Center
Estes Park, Colorado
February 22 2011February 22, 2011
The Study
Community Profile
Market Analysis/Comparable Facilities/TrendsMarket Analysis/Comparable Facilities/Trends
Activity Profile
Fi l A l iFiscal Analysis
›Programming Analysis
›Organizational Management Analysis›Organizational Management Analysis
›Potential Partners/Funding Opportunities
›Operations & Maintenance Budget›Operations & Maintenance Budget
›Income Projections
Economic ImpactEconomic Impact
Community ProfileCommunity Profile
Older population
Lower median income
›Reflects older population›Reflects older population
Entertainment and recreation spending
l t 20% hi h th t t almost 20% higher than state average
Your logo here
Benchmarking & Trends
Events centers and fairgrounds generally
bidi d f i b fit bl
Benchmarking & Trends
subsidized; fairs can be profitable
Flexible space important
Operators just getting started with naming rights Operators just getting started with naming rights
and have some experience with sponsorships
Fees can vary in level and methodology; lots of
reduced or “free use” by agency departments reduced or free use by agency departments
and local non-profits
Attendance and revenues up after an economic
l d (2008 2009)slowdown (2008 -2009)
Full kitchens for concessions, more meeting rooms,
and green design desirablegg
Your logo here
Activity Profile
18 full trade shows Sept-May (50% capacity)
Activity Profile
›12 regional events - full MPEC – Avg. attendance 1500
›12 regional events - half MPEC – Avg. attendance 750gg
›Friday – Monday schedule
Local and other activity rentalsLocal and other activity rentals
›Include Tues – Thurs plus non-event weekends
9 months/ ear b local or other entities incl ding EVRPD ›9 months/year, by local or other entities including EVRPD
partnership
Your logo here
Assumptions
MPEC primarily a rental venue; and summer equine
support for stadium events.support for stadium events.
Budget is calculated in 2011 figures
Budget does not include debt service, FFE, or
exterior maintenance such as mowing,
landscaping, parking lot, etc.
Partnership with EVRPD efficiency for recreational a e s p e c e cy o ec ea o a
activity
MPEC
P j t d St ffi EProjected Staffing Expenses
Events Sales position is shared with other Town
events/facilitiesevents/facilities
New positions include office support and
maintenance
Your logo here
Commodities and Services
ClSi $107 160 41 05%Contractual Services $107,160 41.05%
Utilities $85,100
Custodial/Maintenance/Setup/Teardown Hrs.Rate $12,060
Larimer County Personnel 804 $15Larimer County Personnel 804 $15
Telephone/Computer $3,000
Equipment Rental $2,000
Security/Fire Alarm Service $3,000
Other Contractual Services $2,000
Commodities $43,875 16.81%
General Maintenance Supplies $8,000
Marketing/Advertising/Printing $10 000Marketing/Advertising/Printing $10,000
Office Supplies $1,000
Training $2,000
Dues/Subscriptions $125
Small Equipment/Tools $250
Capital Replacement Fund $8,000
Equipment Replacement Fund $4,000
Insurance $10,000Insurance$10,000
Other Supplies $500
TOTAL EXPENSES $261,035
MPEC
Projected Revenue
REVENUE % of O/M
Budget
Projected Revenue
Rentals #/Year Daily Rate # Days $61,425 79.13%
Full Activity
Center 12 $1,000 2.5 $30,000
#/Year Daily Rate # Days
Half Activity
Center 12 $500 2 $12,000
H Hl RHrs.Hrly Rate
Local
Activities 259 $75 $19,425
Customer Services $Per Participants Multiplier $16 200 20 87%Customer Services $ Per Participants Multiplier $16,200 20.87%
Concessions
and Vending $2.50 27000 15% $ 10,125
Alcohol Sales $1 50 27000 15%$6 075Alcohol Sales $1.50 27000 15%$ 6,075
DIRECT
REVENUE $77,625
MPEC
O & M Budget Summary
O & M Budget Summary
O & M Budget Summary
DIRECT REVENUE $77,625
TOTAL EXPENSES $261,035
OPERATING NET INCOME/‐LOSS ‐$183,410
OPERATING COST RECOVERY 30%
INDIRECT REVENUES (S l T)$112 925INDIRECT REVENUES (Sales Tax)$112,925
INDIRECT REVENUES (Economic Impact ‐Ancillary Spending) $2,258,496
TOTAL NET INCOME/‐LOSS $2,118,011
Economic ImpactEconomic Impact
Direct Operating Expenditures (new)
Visitor Spending
$ 239,037
$ 2 823 120
pg
Sales Tax
$ 2,823,120
$ 112,925
Visitor Spending Direct Effect $ 2,258,496
Th k Y !Thank You!
Qestions?Questions?