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HomeMy WebLinkAboutPACKET Town Board 2011-06-14Prepared 6/3/11 * Revised TOWN of ESTES PARK The Mission of the Town of Estes Park is to provide high -quality, reliable services for the benefit of our citizens, visitors, and employees, while being good stewards of public resources and natural setting. BOARD OF TRUSTEES - TOWN OF ESTES PARK Tuesday, June 14, 2011 7:00 p.m. AGENDA PLEDGE OF ALLEGIANCE. (Any person desiring to participate, please join the Board in the Pledge of Allegiance). PUBLIC COMMENT. (Please state your name and address). TOWN BOARD COMMENTS / LIAISON REPORTS. TOWN ADMINISTRATOR REPORT. 1. CONSENT AGENDA: 1. Town Board Minutes dated May 24, 2011 and Town Board Study Session Minutes dated May 24, 2011. 2. Bills. 3. Committee Minutes. A. Public Safety, Utilities, and Public Works, June 9, 2011. 4. Estes Valley Board of Adjustment Minutes dated May 3, 2011 (acknowledgement only). 2. ACTION ITEMS: 1. REFERENDUM PETITION REQUESTING REPEAL OF HISTORIC PRESERVATION ORDINANCE #09-11. Town Clerk Williamson. 2. ORDINANCE #16-11 AMENDING CHAPTER 10.16 TO ALLOW PARKING OF RECREATIONAL VEHICLES AT STANLEY FAIRGROUNDS. Chief Kufeld. 3. CASTA/CDOT TRANSPORTATION GRANT OPPORTUNITIES . Director Zurn. 3. REPORTS. 1. CAPITAL PROJECT UPDATE. Director Zurn. 2. ECONOMIC IMPACT ANAYSIS AND MEMORANDUM OF UNDERSTANDING WITH ELKHORN PROJECT INC. FOR RTA APPLICATION. ADJOURN. NOTE: The Town Board reserves the right to consider other appropriate items not available at the time the agenda was prepared. June 14, 2011 Please include in the Public Record Public Statement on Historic Preservation Sharry White, on Behalf of Voters for Historic Preservation Voters for Historic Preservation are disappointed with yesterday's ruling to deny our protest against the repeal petition. However, we thank the Town for hearing our protest and giving us the opportunity to express our concerns. In particular, we thank Town Attorney Greg White for providing a clear, understandable process for conducting the hearing, and Town Clerk Jackie Williamson for conducting the hearing in a fair and professional manner. We now ask that the Town Board take the issue of historic preservation to the voters. We are confident that most residents will see value in historic preservation, and will vote to give their fellow -citizens the opportunity to benefit from it. Our protest was based on the petitioners' own public statements, which show convincingly that they do not understand this voluntary ordinance, what it would do, or its constitutionality. To illustrate, we have listed the "Top 5 Most Erroneous Misstatements Made About the Ordinance," each followed by a response based on the facts. We have underlined certain words for emphasis. Names, dates, and origins of each statement are available on request. #5. Claim: Two petitioners state, "Under the proposed act, the home automatically is placed in the Historical Landmark Category." Response: There is no "automatic" designation of a home. Sections 060 (1) and (2) of the ordinance state: "No Building or Site may receive Designation without the consent in writing of the property Owner," and "Only the Owner... may apply for Designation..." #4. Claim: A petitioner states, "[the ordinance] ... provides that the owner shall preserve his property against decay and deterioration and keep it free from structural defects. Structure involves interior items sometimes. Welcome inside!" Response: The implication that people may violate your constitutional right to privacy and come inside your home to inspect it has clearly made some people afraid that their homes will be invaded. This is completely misleading: the focus of the ordinance is exterior only, and this is spelled out in so many words in Sections 010, 020, and 080. 1 #3. Claim: A petitioner states, "We are opposed to the ordinance as it has the potential of interfering with our property rights as well as invading our privacy." #2. Claim: Another petitioner states, "... the proposed ordinance is unconstitutional on its face, and would be as applied." Response: (To both statements): • There is a long line of Supreme Court precedents beginning with Penn Central Transportation Co. v. City of New York in 1978 supporting far more stringent historic preservation ordinances than the Estes Park ordinance. We are aware of no relevant Constitutional precedents that support the argument that this ordinance would be unconstitutional, and any claims that it is unconstitutional are clearly misleading. • Such statements misrepresent the law of the land as expressed in current constitutional precedents. Representing one's own opinion as the law of the land, when that opinion contravenes settled law, is flat out wrong. #1. Claim: Another petitioner states, "Values of existing homes will not go up with a Historic District Designation. Once a buyer sees on county record that a Historic District is involved... they will shy away from the property as these districts will have a 'perceived stigma'..." Response: This statement is flatly contradicted by numerous research studies, extending over several decades. • The idea that historic districts reduce property values is blatantly untrue. Independent researchers analyzing data from New Jersey, Texas, Indiana, Georgia, Colorado, Maryland, North and South Dakota, Kentucky, Virginia, and elsewhere have demonstrated that property values in local historic districts appreciate significantly faster than the market as a whole in the vast majority of cases and appreciate at rates equivalent to the market in the worst case. Local historic districts enhance property values. • The National Association of Realtors own website (www.realtor.org) reiterates the above conclusions in an article titled "Getting a Historic Designation for Your Neighborhood Can Boost Your Home's Value by as Much as One -Third." Enough said. 2 These statements and many others like them have confused some of our citizens. We will continue to challenge future misrepresentations of the ordinance, and encourage opponents of preservation to base their arguments on facts. We look forward to debating the merits of the new ordinance based on those facts, and hope that we have several opportunities to do so. Voters for Historic Preservation is a coalition of citizens supporting historic preservation in Estes Park. For more information, please e-mail Voters4HP@gmail.com. 3 Traffic Lights Give Denver Drivers More Time « CBS Denver Page 1 of 3 Autos Homes Local Events More Home News Latest News Local Health Sports Top Spots Watch Video Photos I Video Traffic Weather I Get Answers 81 Search o H: 81"1:52' Current Forecast a View Traffic Report Directory Deals Investigates Consumer Investigator Money $aver Only On CBS4 Blogs Politics Business Health Entertainment NEWS Traffic Lights Give Denver Drivers More Time April 8, 2011 9:41 PM Share this article Like ; 2 5 (credit: CBS) Filed Under Local, News Related Tags Diagonal Crossing, Traffic Signals 3 comments DENVER (CBS4)- Drivers in Denver will soon have more time to get through and wait at traffic lights. Starting Monday, April 11, those traffic lights will have an additional 15 seconds. Denver Public Works will add the extra time to all 235 traffic signals in downtown Denver. The wait time will be 90 seconds. The city said the change is needed to accommodate all modes of transportation, including bicyclists, pedestrians and mass transit. In addition to the longer traffic lights, crews will remove the diagonal cross walk signals in downtown Denver. The pavement markings will be revised to erase the diagonal cross walks at 45 intersections. Instead, pedestrians will have an exclusive "all walk" phase when all vehicle traffic will be stopped for crossing. A study of pedestrian crossing pattems found that less than 10 percent of people used the diagonal crossing when it was available. Colorado Refinance 2.6% If you owe Tess than $729K, the govemment may pay you up to $5000 to make your mortgage payment Learn more Colorado Workout Secret Colorado: New scientific muscle building miracle revealed... Learn more Share this article Like 2 5 Advertisement Colorado Residents Time is running out to apply for Colorado program to eliminate your Credit Card Debt. Learn more Colorado Loophole Drivers in Colorado - you need to team about this loophole to get insurance for $9! Learn more SEND CBS4 A NEWS TIP 303-863-TIPS ,,. 303-863-84 77 CLICK HERB LATEST NEWS VIDEOS PHOTO GALLERIES Colorado Foxe Still On The Slopes In June http://denver.cbslocal.com/2011 /04/08/traffic-lights-give-denver-drivers-more-time/ 6/14/2011 Kevin Flynn's Inside Lane » Last Dance? Denver considers eliminating downtown's all-w... Page 1 of 3 Highways Transit Aviation Construction Finance Commentary !Search Inside Lane arch Home » Featured, Hiehways, Multimodal Last Dance? Denver considers eliminating downtown's all -walk "Barnes Dance" A r. 16, 2010 4:00 am No comments ShareThis The first tr'ffie-signal u?kh a pedestrian "waik" corlset.esxt was installed here by €ienry Barnes in rg52 The resultant diagonal crossing pattern was reminiscent of a square dance and was colloquially, known as "the Barnes Dance." Barnes stated, 'The time had come togive the pedestrian a 3o to 7ok chance, of getting across z. ...�.' the stir,t ,live. Sidewalk plaque at 17th and Stout streets, the heart of downtown Denver. commemorates the 58-year-old all -walk phase known as the Bames Dance. Inside Lane photo. By Kevin Flynn Inside -Lane. coin Save the last dance for me! Denver, the city that popularized the pedestrian -friendly all -walk diagonal -crossing Barnes Dance, is considering phasing it out of the busy downtown grid as part of a larger evaluation of signal timing within the central business district. Another Denver institution on the ropes? Could they leave the Barnes Dance, the cheeseburger and the ice cream soda in their native town and instead eliminate the Denver Boot? "We have preliminary data from our consultant and we're talking to stakeholders," said Matt Wager, director of operations for traffic engineering services at Denver Public Works. "It's a complex discussion." Pedestrians would still get "Walk" signals, but not the all -red diagonal crossing. Wager said a decision is likely six months out. The "All Pedestrian Phase Study" is being done by Jacobs Engineering while a larger retiming study of the downtown signal system, called the Downtown Denver Traffic Signal Retiming Study, is being done by Naviov Consulting Services. "We are taking a look at signal timing downtown and are evaluating not only pedestrians but bicycles, autos and transit," Wager said. "We're always evaluating signal timing downtown." http: //www. inside -lane. com/2010/04/ 16/last-dance-denver-considers-eliminating-downtow... 6/14/2011 Kevin Flynn's Inside Lane » Last Dance? Denver considers eliminating downtown's all-w... Page 2 of 3 In part, the retuning study is a response to RTD's anticipated introduction of four -car light rail trains along Stout and California streets. The longer train consists — RID now operates two- and three -car consists on the Central Corridor downtown — will require more all -red clearance at cross streets. The so-called Barnes Dance refers to the inclusion of an all -red phase within the traffic signal cycle that stops vehicles on all approaches and allows pedestrians to freely cross, including diagonally. It's called the Barnes Dance because it was brought to Denver by the city's visionary first traffic engineer, Henry Barnes. He did not come up with it, but was the first to apply it in an entire downtown zone when it went live in 1952. Henry Barnes, left, in Baltimore with traffic signal inventor Charles Adler, center, installing a plaque at the 1928 location of Adier's first signal. Photo from Signalfan.com Barnes was among the forward -thinking leaders brought to town in 1947 by newly elected reformer Mayor Quigg Newton, who had ousted the tired old -school regime of Ben Stapleton. Barnes was a pioneer traffic engineer whom Newton brought in from Flint, Mich. He helped spread not only the inclusion of pedestrian movements with traffic signal timing, but also such concepts as synchronized progressive signal timing along travel corridors, which he called the "Green Wave," actuated signals set of by a pedestrian pushing a button or the presence of a vehicle, and the fading -from -favor use of one-way couplet streets throughout the city — think 13th and 14th avenues, Eighth and Sixth avenues, York and Josephine streets, Santa Fe Drive and Kalamath Street. In his autobiography, "The Man with the Red and Green Eyes," Barnes said he came up with the notion for the all -walk phase while dropping his daughter off at school and watching her try to cross the street with her friends. People trying to cross the scree during breaks in traffic were playing games of chicken. In a presentation in Los Angeles to a meeting of the Institute of Traffic Engineers, Barnes told them: "As things stood now, a downtown shopper needed a four-leaf clover, a voodoo charm, and a St. Christopher's medal to make it in one piece from one curbstone to the other. As far as I was concerned — a traffic engineer with Methodist leanings — I didn't think that the Almighty should be bothered with problems which we, ourselves, were capable of solving. Therefore, I was going to aid and abet prayers and benedictions with a practical scheme: Henceforth, the pedestrian — as far as Denver was concerned — was going to be blessed with a complete interval in the traffic signal cycle all his own. First of all, there would be the usual red and green signals for vehicular traffic. Let the cars have their way, moving straight through or making right turns. Then a red light for all vehicles while the pedestrians were given their own signal. In this interim, the street crossers could move directly or diagonally to their objectives, having free access to all four comers while all cars waited for a change of lights." Barnes acknowledged there were such intersections already using such a signal by the 1940s in Kansas City, Vancouver and a few other places. But Denver was where Barnes had them installed throughout the business district, where for the most part they remain in use today. But downtown Denver has changed. The 1982 debut of the 16th Street Mall into the traffic flow presented signal timing issues. To accommodate the transit shuttles, 16th was converted to two-way traffic from its former one-way function in the downtown grid. Engineers had to integrate efficient timing for RTD's shuttle business going in both directions into a total 75-second cycle from green to green. Also, since the original Denver grid is platted on a 45-degree diagonal to north -south -east -west, the connections to East Denver and Golden Triangle streets east of Broadway and south of Colfax Avenue present timing issues. Wager said Denver uses the mall shuttle movement as the starting point for setting all the other timings. The diagonal crossing was dubbed the "Barnes Dance" after Denver Post city hall reporter John Buchanan wrote that, despite citizen and official apprehension in advance of its introduction, the innovative all -walk phase had pedestrians "dancing in the street" Barnes also oversaw the demise of the Denver Tramway's 1950 conversion of the city's extensive but aging streetcar lines to buses — having been quoted as saying he had no objection to streetcars except that they ran in the street. Barnes departed Denver a year after introducing his dance and became traffic engineer in Baltimore, where he introduced computerized signal controls. He was hired to be New York City's traffic commissioner in 1962 by Mayor Robert Wagner. Barnes used the all -walk phase in Manhattan, although only a few locations remain in use today. http://www.inside-lane.com/2010/04/16/last-dance-denver-considers-eliminating-downtow... 6/14/2011 Kevin Flynn's Inside Lane » Last Dance? Denver considers eliminating downtown's all-w... Page 3 of 3 He died of a heart attack on the job in New York in 1968, at the age of 61. On a personal note, my own subconscious awareness of the Barnes Dance and downtown signal timing nearly got me whacked by a car when Denver altered signal timing with little fanfare years ago. While working at the Rocky Mountain News, I was in the habit of taking reading material with me when walking to appointments or lunch. The timing patterns had been inculcated into my brain for years: Named streets got the green light first, then the numbered streets, followed by the all -walk Barnes Dance. One day, wallcing back to 400 W. Colfax from the Brown Palace, I stepped to the curb at Tremont Place and 17th Street, my nose in a book, looking to cross west toward 16th. When the last of the traffic zoomed past me on 17th, I started out into the street still reading, confident Henry Barnes had my back. But I heard cars starting out from Tremont, including some making a left turn right into my path. I looked up to see a bumper coming at me, and jumped back. I found out Denver traffic engineers had flipped the order of the signal phases east the mall. Numbered streets now went first, named streets second. Tagged: 16th Street Mall Barnes Dance Denver Henry Barnes, Highways, pedestrians, Regional Transportation District, RTD Leave your response! You must be logged in to post a comment. Thank you for reading Inside Lane. 1 Inside Lane has stopped posting Colorado transportation news as of April 19 because longtime transportation journalist Kevin Flynn is moving on to a new and exciting position — public information project manager for RTD FasTracks' innovative Eagle P3 project. That is the public -private initiative to finance, design, build and operate the new commuter rail lines that will be built to Denver International Airport, Arvada -Wheat Ridge and south Westminster. Inside Lane's archives will remain online while negotiations are underway for new management to continue the important mission of top -to -bottom coverage for Colorado's transportation sector. Braking news • Denver Transit Construction Group: Details of FasTracks West Corridor steel -arch bridge roll -out over Sixth Avenue • CDOT: Planned highway lane closures for next week's construction and maintenance • AASHTO: Urban Land Institute report suggests replacing gas tax with VMT tax to catch up on infrastructure • CDOT: Bridge demoliton at 104th Avenue requires several I-25 closures and restrictions • CDOT: C-470 concrete repairs done, focus now shifts to asphalt resurfacing • DC Streetsblog: Nevada taking a crack at studying transition from gas -tax funding to Vehicle Miles Traveled tax • WCAX TV: Colorado's Flatiron Construction is apparent low bidder to build replacement Lake Champlain bridge • CDOT: Repairs to I-25 northbound bridge over Santa Fe requires lane closures • Telluride Watch: US 550 bridge replacement at Bear Creek to begin in August with FASTER funding • Journal of Commerce: US DOT has paid out $10.4 billion for transportation stimulus projects through March Inside Lane Sponsors COLORADO CONTRACTORS ASSOCIATION Popular tags 16th Street Mall AASHTO airport Amtrak ARRA Aurora Aviation Big Thompson Canon Boulder bridges Broomfield C-470 Castle Rock Construction CDOT Colorado Department of Transportation colorado springs Colorail Construction Denver Denver International Airport Denver Transit Construction Group Denver Union Station DIA DRCOG Eagle P3 East Corridor Edward Kraemer Eisenhower Johnson Memorial Tunnels Eisenhower Tunnel Estes Park FASTER FasTracks Fort Collins FREX Glenwood Canyon Glenwood Springs Gold Line high speed rail Highways 1-25 1-70 1-225 Intelligent Transportation Systems Interstate 25 Interstate 70 ITS Jefferson Parkway John Hiekonlooncr light rail Loveland Multimodal North Metro Corridor Mama Pueblo Ray Iaklood Regional Transportation District Roaring Fork Transportation Authority RTD SAFETEA-LU safety SEMA Construction StimUiUS Summit County T-REX tolling toll roads Transit transportation funding Union Station US 34 US 36 US 285 US 287 vail West Corridor Kevin Flynn's Inside LIM on Facebook Log in I RSS I Contact I About ( Powered by WordPress I Privacy Policy http://www.inside-lane.com/2010/04/ 16/last-dance-denver-considers-eliminating-downtow... 6/14/2011 June 14, 2011 To: Honorable Mayor Bill Pinkham and the Estes Park Town Board of Trustees From: Johanna Darden, Full -Time Resident „, 501 Mac Gregor Avenue Estes Park, Colorado 80517 -PA;;-21-/ Re: Wildlife Volunteers, Town Projects Approval Process I thank Mayor Pinkham and the Town Board of Trustees of Estes Park for supporting the Estes Valley Parks and Recreation Department and the Colorado Department of Wildlife in their effort to educate the public about our elk population. The EVPRD wildlife volunteers who are working in the area of the Lake Estes Mathew -Reeser Bird Sanctuary have received very positive feedback from the many people who use this area. Many elk calves have been born in the past several weeks. Volunteers have given sound advice to people about their location and habits in order to avoid confrontation with the elk. People were interested and appreciated the concern shown for their safety. The new signs reminding people that aggressive elk may be present and those prohibiting dogs, which are considered predators by the elk, are another very positive step that has been taken to permit people to enjoy the beauty of this area safely. I hope we can continue this very positive effort. I believe the process to determine what projects the Town of Estes Park supports is flawed. I do not understand why various Town departments under the direction of our Town administrator can choose a project before determining if the majority of Estes Park citizens think the project necessary or desirable. Town representatives make decisions before obtaining input of most of our citizens. For example: 1) At the suggestion of a few, a design consultant was hired by the Town to provide plans for the renovation of Bond Park. After "Stakeholder" and "Focus" group meetings were held, three Bond Park designs were presented to the general public for them to choose a plan. Not all representatives at the focus groups represented the views of their organization members, and the end result was not always what those attending the meetings had anticipated it would be. The Estes Park Town Board meeting to approve Phases I and III of the presented plan and use of the citizens' "Help Preserve Open Spaces Initiative" funds did not allow public opinions to be heard before the vote was taken. This entire process was flawed. 2) At this time the Town Board of Trustees of Estes Park will consider submitting a proposal being put forth by the Elkhorn Project, Inc. to ask for money provided through the Regional Tourism Act. The intention of this Act is to bring tourists to Colorado from outside of our State. Only a government entity can submit the proposal. There have been updates at Town Board meetings about the proposal, but at no time were citizens permitted to voice their concerns in a Town sponsored public forum as to whether the Town should support this project. Whether the Town of Estes Park Estes Park Town Board Meeting of June 14, 2011 Page 2 of 3 provides any money towards this project is not the point. If the Town submits this proposal to the Regional Tourism Authority, the Town is indicating support of the project. I believe there is already a proposed Memorandum of Understanding between the Town and Elkhorn Project, Inc. I do not believe a Memorandum of Understanding or Town submission of the proposal to the Regional Tourism Authority is appropriate before open discussion by the Estes Park citizens to determine whether citizens would like to support this project. The Estes Park Town Board has been spending its time working out these details before the Town citizens have had the opportunity to speak out in favor or opposition of the Elkhorn Project, Inc. Could one surmise that the Town Administrator and Town Board of Trustees have already set an agenda? My understanding is that the assessed value of all the Elkhorn Lodge and associated property is $1,500,000. Could the Town of Estes Park have not more appropriately used the "Help Preserve Open Spaces Initiative" monies to keep that property open and still historically preserve the buildings? Bond Park renovation is estimated to cost more than $2M for six phases. Perhaps we can transfer the money being spent for the renovation of Bond Park from the Community Reinvestment Fund account into the "Help Preserve Open Spaces Initiative" account. The Elkhorn Project, Inc.'s website states, "The Elkhorn Project is designed to increase winter tourism to Estes Park through its preservation of historic Elkhorn Lodge and its many buildings, the development of a ski and sport adventure park, and the expansion of cultural attractions in Estes Park with a cultural heritage museum and performing arts center." It seems they would like the Estes Park Performing Arts Center to relocate to the Elkhorn property. The Town of Estes Park has committed support to SOPA if they can raise money to build the Estes Park Performing Arts Center. At an informational meeting provided by the Association for Responsible Development a SOPA board member was asked if he really thought significant numbers of people would drive to Estes Park in the winter to attend events at the performing arts center. He did not think they would, but he felt enough money would be generated during the summer months to pay for the winter slowdown. The video of the Estes Park Performing Arts Center shows it is to be located at the southeast corner of the Stanley Fairgrounds and not at the Elkhorn Project, Inc., location. There is a proposed Memorandum of Understanding with the Town and SOPA regarding the Estes Park Performing Arts Center. 3) Another already in the works project is the proposed Wildlife Walk at the Mathew - Reeser Bird Sanctuary near Lake Estes. People using that area have asked about the section of fence standing in that area. The Estes Park Tree Board has already obtained promises from the Estes Valley parks and Recreation Department for the fence to keep the elk from the very large riparian wetlands area near the Mathew -Reeser Bird Sanctuary. A proposal has already been submitted for more funds to create the Wildlife Walk through the Bird Sanctuary. Estes Park Town Board Meeting of June 14, 2011 Page 3 or 3 In short, let us have open government and address Estes Park citizens concerns about projects before approving them. Thank you for hearing my views. Please enter this statement into the Public Record. Town of Estes Park, Larimer County, Colorado, May 24, 2011 Minutes of a Regular meeting of the Board of Trustees of the Town of Estes Park, Larimer County, Colorado. Meeting held in the Town Hall in said Town of Estes Park on the 24th day of May, 2011. Meeting called to order by Mayor Pinkham. Present: Also Present: William C. Pinkham, Mayor Chuck Levine, Mayor Pro Tem Trustees Eric Blackhurst Mark Elrod John Ericson Wendy Koenig Jerry Miller Greg White, Town Attorney Jacquie Halburnt, Town Administrator Lowell Richardson, Deputy Town Administrator Jackie Williamson, Town Clerk Absent: None Mayor Pinkham called the meeting to order at 7:00 p.m. and all desiring to do so, recited the Pledge of Allegiance. FINANCIAL REPORTING AWARD. Finance Officer McFarland presented the Board with the Certificate of Achievement for Excellence in Financial Reporting for the Comprehensive Annual Financial Report for the fiscal year ending on December 31, 2009. PUBLIC COMMENT. Curt Gleaves/Elkhorn Project Inc.; (EPI) stated the deadline for RTA applications has been movedto the end. of June 2011...,EPI. continues to work on a draft Memorandum of Understanding between EPI and the Town for the potential project. A draft economic impact analysis has been prepared and is under review by EPI before forwarding it to the Town Board. The Colorado legislature has approved a change to the RTA to allow approval of up to 2 applications per year for the next 3 years. TOWN BOARD COMMENTS / LIAISON REPORTS. Trustee Elrod reviewed the items addressed at the recent Estes Valley Planning Commission meeting. A public comment was heard during the meeting with regard to the rental of ADUs and grandfathering of such units. The EVPC suggested the individual express their concerns to the Town Board. Mayor Pro Tem Levine announced the annual Tree Symposium would be held on May 25, 2011 in the Board room from 8:00 a.m. to 12:00 p.m. Trustee Koenig stated Sister Cities plans to send students to Costa Rica are proceeding. The Rooftop Rodeo continues to prepare for this year's rodeo and awaits all that will participate and attend. Trustee Miller reported the Marketing Committee met and discussed the continued increase in downloads and electronic communication. The LMD has narrowed the field to three for the branding consultant with the hopes of having the selected company in place by the end of June. TOWN ADMINISTRATOR REPORT. Board of Trustees — May 24, 2011 — Page 2 Stated the reports portion of the agenda have been moved to the end of the agenda as suggested by the Board at the last meeting. This is an effort to address action items earlier during the meeting. 1. CONSENT AGENDA: 1. Town Board Minutes dated May 10, 2011 and Town Board Study Session Minutes dated May 10, 2011. 2. Bills. 3. Committee Minutes: A. Public Safety, Utilities and Public Works, May 12, 2011. 1. Moraine Avenue Pedestrian Improvements - Design Engineering contract, McDowell Engineering, $33,922 — Budgeted. 4. Estes Valley Planning Commission Minutes dated April 19, 2011 (acknowledgement only). 5. Estes Valley Board of Adjustment (acknowledgement only). Minutes dated April 5, 2011 6. Creative Sign Design Review Board Minutes dated March 1, 2011 (acknowledgement only). It was moved and seconded (Levine/Blackhurst) the Consent Agenda be approved, and it passed unanimously. 2. PLANNING COMMISSION ITEMS. Items reviewed by Planning Commission or staff for Town Board Final Action. Mayor Pinkham opened the Public Hearing for all Action Agenda Items. 1. ACTION ITEMS. A. ORDINANCE #15-11 Amendment to the Estes Valley Development Code Amend sections of the EVDC to allow townhome subdivisions in additional zoning districts and to redefine "townhome." Director Chilcott reviewed the proposed amendments to allow townhome subdivisions in additional zoning districts and redefine townhome in the code. The amendments would allow free- standing ,; and two -unit townhome subdivisions, and would allow townhomes in the "R-1" and "R-2" zoning districts. The amendment would clarify ownership, not the form of development; therefore, would not affect allowed density, required landscaping, road or stormwater standards, or wildlife habitat protection standards. Attorney White read the ordinance. As there were no public comments, the Mayor closed the public hearing. It was moved and seconded (Blackhurst/Miller) to approve Ordinance #15-11, and it passed unanimously. ACTION ITEMS: 1. ORDINANCE #13-11 AMENDING SECTION 9.08.080 HARASSMENT. Commander Rose reviewed the Ordinance presented to the Board on May 10, 2011, which would bring the Municipal Code in line with current language in the Colorado Revised Statutes to address electronic communication methods. Attorney White read the ordinance. It was moved and seconded (Levine/Miller) to approve Ordinance #13-11, and it passed unanimously. 2. RESOLUTION #07-11 AUTHORIZATION OF THE FIRE CODE ADOPTED BY THE FIRE DISTRICT. Fire Chief Dorman briefly reviewed a presentation Board of Trustees — May 24, 2011 — Page 3 provided to the Town Board during a study session held on May 10, 2011, highlighting fire codes monitor the maintenance of required building code elements such as fire suppression devices; Estes Park continues to be one of the larger communities without a fire code; the Park Theater Mall fire demonstrated the community is vulnerable; the Fire District Board performed a strategic plan and addressed the need to adopt a fire code; and the Town's Chief Building Official has been involved in reviewing regulations and developing local amendments to the fire code to ensure coordination and compatibility between the building and fire code. The Fire District Board adopted the 2009 International Fire Code on April 27, 2011. Both the Town of Estes Park and Larimer County must approve resolutions to authorize the fire code within the respective jurisdictions. The Larimer County Commissioners unanimously approved a resolution on May 24, 2011 for the unincorporated areas of Estes Park. It was moved and seconded (Levine/Miller) to approve Resolution #07-11, and it passed unanimously. 3. REVISED 2011 ORGANIZATIONAL CHART. Town Administrator Halburnt presented the Board with a revised 2011 organizational chart. The chart includes the formation of the Administrative Services department responsible for all Town Clerk and Human Resource duties. All Board appointed Commissions, Committees and Boards were removed from the chart and placed in, a separate box to the side to provide a clear delineation of responsibility. It was moved and seconded (Ericson/Koenig) to approve the revised 2011 organization chart, and it passed unanimously. 4. STAFF REPORTS: 1. SALES TAX AND 1ST QUARTER FINANCIAL UPDATE. Finance Officer McFarland provided an overview of the 1st quarter sales tax stating through March sales tax is ahead of budget by .6% and by 6.7% in 2010. Analysis shows that smaller categories are up while the larger categories (retail, food and utilities) are down. The sales tax rate of change through March is trending upward. The General fund revenues are 17.9% of budget with 33% of the year complete. Revenues are lagging budget due to timing and; cyclicality of sales tax receipts. Expenditures are at 38% and are due mostly to the pay out of community service grants. The Enterprise revenues are at 34% with expenditures under budget. Investments are in very short term maturity horizons and are the safest option during these financial times. This year there has been a reduction in the fee structure for the Town's investment manager to help control costs. 2. CAPITAL PROJECT UPDATE. Bond Park would have a final inspection on May 26thand a final punch list for the project would be created. Final work continues on the drainage easement and landscaping. Kevin Ash/Public Works Engineer was recognized for his work in addressing major engineering and scheduling issues during the project. The transportation hub has slipped schedule by 5 days because of weather conditions; however, the June 2nd Farmers Market would have a hard surface to conduct business. Prospect Avenue repairs have been completed and staff would complete a walk through prior to final acceptance. Whereupon Mayor Pinkham adjourned the meeting 7:55 p.m. William C. Pinkham, Mayor Board of Trustees — May 24, 2011 — Page 4 Jackie Williamson, Town Clerk RECORD OF PROCEEDINGS Town of Estes Park, Larimer County, Colorado, May 24, 2011 Minutes of a Study Session meeting of the TOWN BOARD of the Town of Estes Park, Larimer County, Colorado. Meeting held at Town Hall in Rooms 202 & 203 in said Town of Estes Park on the 24th day of May, 2011. Board: Also Attending: Absent: Mayor Pinkham, Mayor Pro Tem Levine, Trustees Blackhurst, Elrod, Ericson, Koenig and Miller Deputy Town Administrator Richardson, Town Attorney White, Finance Officer McFarland, Town Clerk Williamson None Mayor Pinkham called the meeting to order at 5:00 p.m. MEET AND GREET SHERIFF JUSTIN SMITH. Sheriff Justin Smith met briefly with the Board to introduce himself and provided a current overview of the Larimer County Sheriffs department. He reviewed the upcoming sunset for the sales tax collection for jails in Larimer County in 2013. The issue of extending the sales tax may be presented to the voters at the upcoming coordinated election in 2011. He extended an invitation to the Board to tour the county jail facility. GREENPLAY PRO FORMA. Finance Officer McFarland and Chris Dropinski/Greenplay presented updated pro forma information for the proposed Multi Purpose Event Center (MPEC) stating that additional information was made available for review including the 2010 Estes Park Visitors Study Year End Roll -Up Report completed by the LMD. The numbers generated by staff, Greenplay and Guest study were shown as individual dollars spent versus a group or family. Ms. Dropinski stated Greenplay used a conservative approach when analyzing the project. She also stated each similar facility reviewed had different uses, and therefore, it was difficult to compare them due to local conditions. Discussion was heard on the need to replace the current barns at the fairgrounds and not the overriding need for a MPEC; concern was raised on the feasibility of using the building for public events due to health concerns after being used as stables; and the building as proposed could be scaled back to be more functional if it were used for events only and a separate barn was built; and Trustee Miller maintains the cost of a simple barn structure for stables would be considerably less than staffs current estimate. The MPEC discussion would continue during the upcoming Town Board Budget Study Session scheduled for July 8, 2011. 1st QUARTER FINANCIAL AND SALES TAX REPORT. Finance Officer McFarland provided an overview of the 1st quarter sales tax stating through March sales tax is ahead of budget by .6% and by 6.7% in 2010. The Town continues to fair well when compared to other CAST communities. The review of major categories demonstrates a large increase for lodging due to a large credit issued from a previous overpayment in 2010 and a lodging facility paying back due taxes in 2011. The sales tax rate of change through March is trending upward. At this point in time, sales tax is on target to meet budget for 2011. The General fund revenues are 17.9% of budget with 33% of the year complete. Revenues are lagging budget due to timing and cyclicality of sales tax receipts. Expenditures are at 38% and are due mostly to the pay out of community service grants. The Enterprise revenues are at 34% with expenditures under budget. FUTURE AGENDA ITEMS. RECORD OF PROCEEDINGS Town Board Study Session — May 24, 2011 — Page 2 The future agenda items were reviewed for upcoming Study Sessions. Trustee Miller requested the Town owned property discussion scheduled for June 28th be moved to the first meeting in July to allow the Transportation Visioning Committee to present an update to the Board on June 28th. There being no further business, Mayor Pinkham adjourned the meeting at 6:42 p.m. Jackie Williamson, Town Clerk RECORD OF PROCEEDINGS Town of Estes Park, Larimer County, Colorado, June 9, 2011 Minutes of a Regular Meeting of the PUBLIC SAFETY/UTILITIES/PUBLIC WORKS COMMITTEE of the Town of Estes Park, Larimer County, Colorado. Meeting held in the Town Hall in said Town of Estes Park on the 9th day of June, 2011. Committee: Attending: Also Attending: Chair Blackhurst, Trustees Ericson and Koenig Chair Blackhurst, Trustees Ericson and Koenig Town Administrator Halburnt, Deputy Town Administrator Richardson, Chief Kufeld, Dir. Bergsten, Dir. Zurn, and Deputy Town Clerk Deats Absent: None Chair Blackhurst called the meeting to order at 8:0 PUBLIC COMMENT. Comments from Charley Dickey related to and Moraine Avenue were made part of the pi to respond to his concerns. PUBLIC SAFETY. AMEND CHAPTER 10.16 TO ALLO STANLEY FAIRGROUNDS- The recent development z made it necessary, to regulate Chapter 10.16 of the Municipal vehicles (RV) on Town prop recreation vehicles, amendmentwould R1 periods greater than eighte Winslow clarified that only allow the intersection of Elkhorn Staff will contact Mr. Dickey ATIONAL VEHICLES AT Oh Hub at- the Stanley Fairgrounds has ire new facility. Staff proposes amending to the use and parking of recreational overnight vehicle parking, not including sing lot by permit only. The proposed o be used f61 ling and sleeping purposes and parked for 18) consecutive hours at Stanley Fairgrounds. Manager e participating in special events at the Fairgrounds Transpo irking at v ,ode relatin urrently, would be allowed to camp overn g,,in the lot and that it would be used only in overflow situations when the number of campers exceeds the capacity of the camping area located at the northeast corner of the fairgrounds property. Mgr. Winslow stated the overflow situation will like+`occur only once a year, during the Hunter -Jumper event, and that campers mps obtain a permit from Fairgrounds staff. The Committee discussed the locati of the overnight parking spaces and concerns about proximity to the entrance to they°°grandstands and the potential for issues with pedestrian traffic. They recommended adding language to the ordinance to clarify that only permitted recreational vehicles are allowed in conjunction with a special event at Stanley Fairgrounds. The Committee recommends approval of the ordinance to amend Chapter 10.16 of the Municipal Code to allow parking of recreational vehicles at Stanley Fairgrounds with the requested changes and additions, and asked that information related to current RV parking regulations be included with the Town Board packet materials. UTILITIES. REPORTS. Reports provided for informational purposes and made a part of the proceedings. 1. Hydroplant and Research Facility Grant Application. Dir. Bergsten informed the Committee of an application made by Colorado State University for a grant to RECORD OF PROCEEDINGS Public Safety/Utilities/Public Works Committee —June 9, 2011 — Page 2 construct a micro -hydroelectric power plant to serve as a research and development facility. CSU is requesting that the Town consider commercially participating in this project. The plant, which would be located at the base of Olympus Dam, would generate 80 kW of electricity which could be provided to Town of Estes Park Light and Power customers. Dir. Bergsten estimated that the initial cost to the Town to participate in the project could be as high as $425,000. The Committee discussed concerns related to the amount of the investment; ownership and maintenance of the facility; and the economic feasibility of the project. Town Administrator Halburnt acknowledged the Committee's concerns about whether the project makes financial sense and said staff will monitor the awarding of the grant which is to take place in September. PUBLIC WORKS. REPORTS. Reports provided for informational purposes and made a part of the proceedings. 1. Capital Project Updates. a. Transportation Hub: Dir. Zurn said that the Transportation Hub is complete except for punchlist items. He noted that wi h` he d for the Hub coming in lower than expected, additions to the project were; made possible. Ad alternates included the construction ofthewbus shelter, at d additional trees and lighting. The overlay of the existing parking lot and Manford Avenue were accomplished by a change order to the project and available funds. He noted that an irrigation system will be added, and as the Stanley Fairgrounds master plan is implemented, additional -landscaping will be added in the area. He said the contractor is currently in the process of securing materials to complete the lighting prior to the ribbon utting on June 17`h. Town Administrator Halburnt confirmed that staffs researching a gate to limit access to 41h Street to be opened and closed ded. � r Dir. Zurn said the ribbon -cutting for the Trans,) ortation Hub is scheduled for 1:00 p.m. on,r,Friday` JLne 17 fide also noted that a project between the Colorado Department of Transportation (CDOT), Rocky Mountain National Park (RMNP), and the Town of Estes. Park will provide data related to the use of the Transportation Hu Data will be gathered beginning in late June hrough August # y`surveying users of the facility. In July, variable message ins will, be placed in Lyons and along Highway 36 directing commuters to facility.:'..'. Bond Park: Phases I arid III are complete and the park was turned over to Town for use, prior to Memorial Day weekend. Shortly thereafter the pavers on MacGregor Avenue began to pop due to traffic load necessitating the closure ofthe road. Dir. Zurn stated that the installation took place during wet weather conditions and that there is high ground water in that area. A geotechnil firm has been hired to evaluate whether the pavers were installed according to specifications; their decision has not yet been received. Comments about Bond Park from the community and the organizers of the Memorial Day Art Show have been positive. Trustee Blackhurst made a request to revisit the scope and size of the hardscape area in Phase II of the Bond Park development prior to the budgeting process. There being no further business, Chair Blackhurst adjourned the meeting at 8:55 a.m. Cynthia Deats, Deputy Town Clerk RECORD OF PROCEEDINGS Regular Meeting of the Estes Valley Board of Adjustment May 3, 2011, 9:00 a.m. Board Room, Estes Park Town Hall Board: Chair Wayne Newsom, Members Bob McCreery, John Lynch, Chuck Levine, and Pete Smith; Alternate Member Jeff Moreau Attending: Chair Newsom, Members McCreery, Lynch, Levine, Smith Also Attending: Planner Shirk, and Recording Secretary Thompson Absent: None Chair Newsom called the meeting to order at 9:00 a.m. The following minutes reflect the order of the agenda and not necessarily the chronological sequence. 1. PUBLIC COMMENT None. 2. CONSENT Approval of minutes of the April 5, 2011 meeting. It was moved and seconded (McCreery/Smith) to approve the minutes as presented and the motion passed unanimously. 3. TBD MOON TRAILWAY, LITTLE VALLEY 2ND FILING Planner Shirk reviewed the staff report. The applicant has requested a variance to Table 4-2 "Base Density and Dimensional Standards" of the Estes Valley Development Code to allow a front yard setback of 30-feet in lieu of the 50-foot setback required and a side yard setback of 25-feet in lieu of the 50-foot setback required. The purpose of the variance request was to build a new detached single-family residence. The property is zone RE — Rural Estate. This lot is sub -sized for the zone district. Planner Shirk stated staff finds that special circumstances exist. The lot has a triangular building area if all setbacks are applied. The eastern portion of this triangle contains a drainage swale. Planner Shirk stated because the nearest structure is over 100-feet away, granting the variances would not violate the intent of the code for adequate building separation. Planner Shirk recommended the impact on the neighborhood would be minimal. Staff did not analyze the proposed building size with those in the nearby neighborhood. Planner Shirk stated the request was submitted to reviewing agency staff for consideration and comment. No significant concerns were expressed. The closest neighbor to the property commented in support of the variance request, and the Little Valley Owners Association was also supportive of the request. Planner Shirk stated a property owner downhill from the applicant's property was concerned about erosion. Based on this, the Larimer County Engineering Department recommended an erosion control plan be submitted with the building permit application. Another property owner expressed concern about the amount of potential construction activity. Staff recommends approval of the requested variance, with three recommended conditions of approval. Staff and Board Discussion There was a brief discussion about the proposed driveway. RECORD OF PROCEEDINGS Estes Valley Board of Adjustment May 3, 2011 Public Comment Celine LeBeauNan Horn Engineering clarified that an erosion control plan would be included with the building permit application. She stated the proposed dwelling would be on a portion of the lot with fewer trees than other areas of the lot, which would help with limits of disturbance. Conditions 1. Compliance with the site plan and building design, as approved by the Board of Adjustment. 2. Setback Certificate. Prior to final inspection, a registered land surveyor shall provide to the Community Development Department a signed and stamped certificate that specifically verifies that the structure complies with the approved variance, and shall include a specific reference to the distance to property lines. Staff recommends a surveyor set survey stakes for foundation forms to ensure compliance with the approved variance. 3. Prior to issuance of a building permit: a. The builder shall meet with the Light and Power Department to discuss electrical connection. b. A detailed grading and erosion control plan shall be approved by the Larimer County Engineering Department. It was moved and seconded (Lynch/Smith) to approve the variance request with the findings and conditions recommended by staff and the motion passed unanimously. 4. REPORTS Planner Shirk reported the Creative Sign Design Review Board would be meeting to hear a request for a temporary banner time extension at Claire's Restaurant due to the Bond Park renovation. Planner Shirk reported an item previously on the agenda was withdrawn by staff. The request was a challenge to staff's interpretation of the EVDC 6.1.0 - Alteration of Non- conforming Uses and Structures. There being no further business, Chair Newsom adjourned the meeting at 9:17 a.m. Wayne Newsom, Chair Karen Thompson, Recording Secretary Memo To: Honorable Mayor Pinkham Board of Trustees Town Administrator Halburnt From: Jackie Williamson, Town Clerk Date: June 13, 2011 RE: Referendum Petition Requesting Repeal of Historic Preservation Ordinance #09-11 Background: On March 25, 2011, I received a phone call from Ann Racine with regard to filing a referendum petition. On March 29, 2011, a referendum petition was submitted requesting the Board of Trustees repeal Ordinance 09-11 Historic Preservation. After a second review, the first printer's proof was approved on April 4, 2011. State statute 31- 11-104 requires a petition to be signed by at least 5% of the registered electors; the total number of signatures required was 222. On April 15, 2011 petitions were submitted by petition proponents Connie Rae Phipps and Ann Melva Racine with a total of 21 petitions containing 357 signatures. A signature verification (based on the Larimer County Voter Registration Records) was completed on May 2, 2011 and the following was determined: • Twenty-one (21) signatures were disqualified (approximately 7.9%). • Two -hundred forty-four (244) signatures were verified. • Seventeen petitions were used to verify the necessary number of signatures. • A Statement of Sufficiency was issued on May 2, 2011 to the Board of Trustees and the petition proponents. • On May 25, 2011 a protest to the Referendum Petition was submitted per CRS 31-11-110 by Belva Sharron White and Robert C. Ernst. • A protest hearing was held on June 8, 2011 and the findings of the hearing were issued on June 13, 2011 finding the petition sufficient and establishing the final determination of petition sufficiency. The Board of Trustees must consider the Referendum Petition and either: (1) repeal Ordinance 09-11 Historic Preservation, or (2) refer the issue to the registered electors of the municipality at a regular or special election on a Tuesday, held not Tess than 60 days and not more than 150 days after the final determination of petition sufficiency by adopting Resolution 08-11. If the Town Board does not repeal Ordinance 09-11 and sets the issue to a vote the following options are available: • Approve an IGA with the County to participate in the upcoming coordinated election on Tuesday, November 8, 2011. The cost of the election would be approximately $7,000 — 15,000 per the Larimer County Election office. The final cost would be determined once the county has established which entities would have issues on the coordinated ballot. • Set the issue for a special election as noted above. The Larimer County Election Office would not be able to conduct a mail ballot election for the Town because they are preparing for the coordinated election in November. Therefore, the Town Clerk's Office would conduct a mail ballot election on a Tuesday starting August 16, 2011 through November 8, 2011 (coordinated election date). The cost to conduct the mail ballot election in house would be approximately $9,260. Budget: The cost of the election would be paid from election accounts # 101-1400-414)O(--XX. The2011 budget contains $6, 500. Staff Recommendation: Staff has included calendars to provide the Trustees with possible election dates. If the Board chooses to hold a mail ballot election in house any date highlighted in yellow or blue can be used; however, staff would recommend one of the dates highlighted in blue. This would allow enough time to coordinate printing and mailing of the ballots, and provide separation from the mail ballots for the coordinated election which would most likely be mailed the week of October 17tn Sample Motion: Motion #1: I move to approve/deny the repeal of Ordinance 09-11 Historic Preservation. Motion #2 if applicable: (If the Ordinance is not repealed a second motion would be needed to set the election date.) I move to adopt Resolution 08-11 to set the Referendum Petition for Ordinance 09-11 for the coordinated election on November 8, 2011. Or I move to adopt Resolution 08-11 to set the Referendum Petition for Ordinance 09-11 for a special election on Tuesday, RESOLUTION NO. 08-11 WHEREAS, on April 1, 2011, an Referendum Petition for Ordinance 09-11 Historic Preservation was filed with the Town Clerk and a first printer's proof was approved on April 4, 2011; and WHEREAS, on April 15, 2011 twenty-one petition sections were delivered to the Town Clerk and on May 2, 2011, the Town Clerk issued a Statement of Sufficiency to the Town Board and petition proponents finding the Referendum Petition had the requisite number of signatures; and WHEREAS, on May 25, 2011, a protest of the Referendum Petition was filed in accordance with CRS 31-11-110 and a protest hearing was held on June 8, 2011; and WHEREAS, the Town Clerk as the hearing officer found the Referendum Petition sufficient and provided the findings of the protest hearing in writing to the protestors and petition proponents on June 13, 2011, thereby establishing the final determination of petition sufficiency; and WHEREAS, the Board of Trustees have reviewed the Referendum Petition and following said review the Board of Trustees did not repeal Ordinance 09-11; and NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF ESTES PARK, COLORADO, as follows: 1. The Referendum Petition file on April 1, 2011 is hereby referred to the registered electors of the Town of Estes Park, Colorado for the or 2. The Town Board hereby designates the Town Clerk to promptly fix a ballot title for the election and certify the ballot. INTRODUCED, READ, AND PASSED BY THE BOARD OF TRUSTEES OF THE TOWN OF ESTES PARK on this day of , 2011 TOWN OF ESTES PARK, COLORADO Mayor ATTEST: Town Clerk m 0 r-4 (.0 CNI Lf) co CN CNI N ts) 0 r-1 00 rn N N ri N CO N l0 m ri 0 N 1.0 N Q 0 J 0 d' ri r 00 ri UI N CO (NJ 00 Lfl -1 N ID N m N 0 00 N 00 w m 0 CNI 2 e CO November 2011 00 e—I N r-4 00 _Y 0 C 7.1 czt _C M 0 CN1 X (NI a) t^s1 cJ a) r1 CO ("Nl TOWN or F S 1 ES Pr' TUK Memo To: Honorable Mayor Pinkham Board of Trustees From: Wes Kufeld, Chief of Police Date: June 14, 2011 RE: Ordinance #16-11 Amending Chapter 10.16 to Allow Parking of Recreational Vehicles at Stanley Fairgrounds Background Stanley Fair Grounds Property Due to the recent development of the Transportation Hub at the Stanley Fairgrounds, staff finds it necessary to regulate parking specifically recreational vehicles in that location in order to insure the proper use of the parking facility, therefore, an ordinance is being proposed amending Chapter 10.6 of the Municipal Code relating to the use and parking of Recreational Vehicles on Town Property. This amendment proposes: Section 1 Section 10.16.010 of the Municipal Code shall be amended by the addition of Sub -section (e) to read as follows: (e) Notwithstanding the provisions of subsections (a), (b), and (c) of this Section, recreational vehicles may be used for living and sleeping purposes and park for periods greater than eighteen (18) consecutive hours by permit only and in conjunction with a Town sanctioned special event on the following Town properties: (1) Stanley Park Fairgrounds This is a recommended amendment to the current ordinance relating to overnight parking, which states; "No overnight parking or camping in any Town owned parking lot or street unless posted or by permit only." This ordinance is enforced by the Police Department consistently. Currently the only location allowing for overnight parking in town limits is the CVB parking lot, (east end of lot) by permit only which does not include recreational vehicles. The ordinance was revised to include all of Stanley Park property. This ordinance has been reviewed and approved by Attorney White. Budget No budgetary impact. Page 1 Recommendation I move to approve/deny Ordinance #16-11: Amending Chapter 10.16 of the Municipal Code relating to the use of parking of recreational vehicles on Town property. Page 2 ORDINANCE NO. 16-11 AN ORDINANCE OF THE TOWN OF ESTES PARK AMENDING CHAPTER 10.16 OF THE MUNICIPAL CODE RELATING TO THE USE AND PARKING OF RECREATIONAL VEHICLES ON TOWN PROPERTY WHEREAS, the use and parking of recreational vehicles within the Town is restricted by Chapter 10.16 of the Municipal Code; and WHEREAS, it is necessary to allow overnight parking and expanded use of recreational vehicles on the Stanley Park Fairgrounds in order to accommodate participants in events on said property; NOW THEREFORE, BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE TOWN OF ESTES PARK, COLORADO, as follows: Section 1. Section 10.16.010 of the Municipal Code shall be amended by the addition of Sub -section (e) to read as follows: (e) Notwithstanding the provisions of subsections (a), (b), and (c) of this Section, recreational vehicles may be used for living and sleeping purposes and park for periods greater than eighteen (18) consecutive hours by permit only and in conjunction with a Town sanctioned special event on the following Town property: (1) Stanley Park Fairgrounds Section 2. This Ordinance shall take effect and be enforced thirty (30) days after its adoption and publication. INTRODUCED, READ, AND PASSED BY THE BOARD OF TRUSTEES OF THE TOWN OF ESTES PARK on this day of , 2011. TOWN OF ESTES PARK, COLORADO Mayor ATTEST: Town Clerk I hereby certify that the above ordinance was introduced and read at a meeting of the Board of Trustees on the day of , 2011, and published in a newspaper of general publication in the Town of Estes Park, Colorado on the day of , 2011 Town Clerk Chapter 10.16 Recreational Vehicles, Travel Trailers and Tents 10.16.010 Regulations. (a) No recreational vehicle, as the same is defined in Chapter 13 of the Estes Valley Development Code, shall be parked on any of the streets, alleys, highways, parking lots or other public ways of the Town in violation of any parking regulation of the Town. In no event shall any recreational vehicle be parked on any of the streets, alleys, highways, parking lots or other public place of the Town for a period greater than eighteen (18) consecutive hours. (b) No recreational vehicle, as the same is defined in Chapter 13 of the Estes Valley Development Code, shall be used for living or sleeping purposes or as a store, office or place for the carrying on of a business, trade or profession within the Town, unless it is located in an approved or legal nonconforming RV park pursuant to the applicable terms of the Estes Valley Development Code. (c) Any recreational vehicle, as the same is defined in Chapter 13 of the Estes Valley Development Code, may be parked for a period of greater than eighteen (18) consecutive hours and used for living or sleeping purposes in an approved or legal nonconforming RV park pursuant to the provisions of the Estes Valley Development Code. (d) No tent, temporary shelter, canopy or tepee, including all or any part of the supporting framework, shall be used for living or sleeping purposes or as a store, office or place for carrying on a business, trade or profession within the Town except as follows: (1) As an accessory use to a residential dwelling so long as the use is temporary and does not exceed a period of seven (7) consecutive days. (2) As an accessory use to a commercial use so long as it is not used for living or sleeping purposes, the use is temporary and the temporary use does not exceed thirty (30) days in any calendar year. (3) The use does not occur within the C-D Downtown Commercial District. (4) As an accessory use to any Town -sponsored or approved event. (5) As an accessory use on any Town -owned or occupied property. (6) The use is located in an approved or legal nonconforming campground/RV park pursuant to the applicable terms of the Estes Valley Development Code (Ord. 6-79 §2, 1979; Ord. 18-88 §1, 1988; Ord. 15-96 §1, 1996; Ord. 11-01 §3, 2001) 4 fP Memo To: Honorable Mayor Pinkham Board of Trustees Town Administrator Halburnt TOWN OF ESTES PARK ENGINEERING From: Scott A. Zurn, PE, Public Works Director Date: June 14, 2011 RE: CASTA letter of commitment for transit center expansion at the CVB Background: In 2010, the Town of Estes Park was awarded grant funding by the Colorado Department of Transportation (CDOT) Congestion Mitigation and Air Quality (CMAQ) Funds and FASTER funds. This funding was received to construct a transit hub at the Stanley Park Fairgrounds. In 2010, the FTA released six Notices of Funding Availability (NOFAs) between April 13 and July 28. Many of these grants required that projects be submitted in a consolidated application by the state. CASTA and CDOT worked with transit agencies throughout the state to apply for these consolidated applications, but short deadlines made it difficult to provide sufficient review and assistance to agencies. Given recent developments in Congress on the FY2011 budget, it is highly likely that the FTA will again be releasing a similar flood of NOFAs this year. CASTA and CDOT have initiated a process to collect information before issuance of these NOFAs, so that CASTA can identify and prioritize projects for each grant opportunity and submit the most competitive package of projects possible. This initial effort will occur in four steps: • Step 1: Develop a comprehensive list of projects previously submitted to CDOT for various funding opportunities including but not limited to the FTA Livability grant, FASTER, Senate Bill 1, State of Good Repair, and TIGGER. • Step 2: Categorize the projects by type of grant funding for which they could qualify. • Step 3: Contact submitting agencies to review their previous projects, obtain information on new projects and finalize a comprehensive projects list. • Step 4: Prioritize projects within each grant category to determine which will be submitted as the State's top priorities. In an effort to position the Town's next transit priority project, the Town will need to submit a commitment letter. The priority project consists of the further expansion of a transit center at the CVB location to serve the state highway 34 corridor. The expansion is estimated to be an elevated structure totaling approximately 300 vehicles. The estimated cost for this facility is $4.5 million. The Town will need to match 20% of this budget or approximately $900,000. It is not clear depending on funding source whether or not the land value can be part of the Town's commitment. Attached you will find the commitment letter for reference. Staff Recommendation: Staff recommends that the traffic congestion mitigation project of expanding the CVB transit center be positioned for grant funding availability by executing the letter of commitment. Sample Motion: I move to approve/deny the execution of the commitment letter to CDOT and CASTA for future consideration of grant funding for the expansion of the transit parking at CVB. June14, 2011 Mr. Tom Mauser Transit and Rail Division Colorado Department of Transportation 4201 E. Arkansas Ave. Denver, CO 80222 Re: Local Support of Transit Project Dear Mr. Mauser: The Town of Estes Park is interested in including Convention an itor Cter (CVB) Transit Center in upcoming statewide consolidated grant applications for F'ansit Administration (FTA) funding. This project is a top priority for our trail*t system and is Insistent with our area's Regional Transportation Plan This total cost for this project is estimated to in FTA funding. This is 80 % of the total co' Estes Park will be required to fund they r aini matching funds. The Town of Estes 1$� required match in our Fiscal Year 201 2' We recognize the political sensitivity of re c] recognize that failure to provide the required funds and make it harder for will take all necessary steps to i Sincerely, ill be request g $3,600,000 eke: ,Tche Town of ocally o pt °e t`her eligible sary budgetfactions to include the eral co - etitive grant funds. We further •o ticould lead to loss of the grant �: rip Y � uests t4receive federal funds in the future. We ect promptly. TOWN or ESTES PAIW Memo To: Honorable Mayor Pinkham Board of Trustees Cc: Jacquie Halburnt, Town Administrator From: Lowell Richardson, Deputy Town Administrator/ Scott Zurn Public Works Director Date: June 14, 2011 RE: Capital Project Updates Background: Bond Park Project Town's Project Manager: Kevin Ash Contractor: Cornerstone Construction Estes Park Design Firm: RG Consulting Engineering, Inc. Denver Architect Design: Winston and Associates Wheatridge Schedule — Due to problems with the paver system installation substantial completion was not accomplished with this project. However, this did not affect the use of the venue for the Memorial Day weekend special event. The opening of MacGregor Ave. to vehicle traffic is not known as of the date of this memorandum since we are awaiting the results of soil testing completed by the geo-technical firm (Terracon). Once the testing results are known a schedule for repairs will be completed. Change Orders — Change Order #5 is included in this report, as approved. This was the Schwery Easement agreement for completion of the underground storm drainage and future access for repair and maintenance. The change order totaled $16,899 and is reflected on the financial spreadsheet attached. Transportation HUB Parking Lot Project Town's Project Manager: Murray McBride Contractor: Coulson Excavating Loveland Design Firm: David Evans and Associates Denver Architect: T.W. Beck Estes Park Schedule — Staff is completing a punch list of items with the contractor as of the day of this memorandum. Further updates will be presented during the presentation of this report. Lighting — The contractor notified staff on June 8th that their lighting subcontractor declared bankruptcy. They have already retained new lighting subcontractor so completion is not impacted by this event. However, there is an issue with the lighting manufacturer and color we need for the poles and heads of each unit. Because the color we require is not a stock color it required the manufacturer to order special paint then apply which delayed the delivery of the units. They will be shipped June 14th. The contractor states the poles will be installed by June 17th but he is not sure if the heads for the lights will. Prospect Avenue Repairs This project is complete pending a final walk through with the contractor. Staff will provide more information during this report update. 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VD r 0 O N O O co O o N u1 m O n W e-O ti m 0 SO e-O 0, ry ^ COO O ti-O avZ .-1 vst ri PARKING LOT LIGHTING ADD ALTERNATE C TREE PLANTING: c w W LL a. ¢ ¢ O O U 0 0 O LL LL N CO tO W W W W W W W W - 1- FCC CC es- H N Z Z > w w 00 00 0 0 0 0 LL1U U - W W O W V m m . . a 0 0 m N 00 30 O 0, 0 0, CHANGE ORDER #1- APSHALT OVERLAY (MANFORD AVE) 0, • m 010- >ti a 0o O 01 N .--1 r� m 000 St St St 0 O. O. O. O O. O. O. 'F, ¢ < < V 10 N CC as a a N rn 0, Estes Park's Elkhorn Regional Tourism Project The following documents are submitted for consideration by the Board of Trustees of the Town of Estes Park at its meeting on June 14, 2011. 1. Description of the Project 'A working draft copy of Tab 2A to the RTA Application containing a much more detailed description of the project. 2. Map of the Project The latest drawing from SE Group showing the location of various facilities included in the project. 3. Economic Impact Analysis Highlights A summary of the key numbers from the Economic Impact Analysis being prepared for us by Doug Kennedy Advisors. 4. Form of MOU A proposed form for the Memorandum of Understanding between the Town and Elkhorn Project, Inc. based on discussions with'staff and the Town Attorney. 5. Annotated Version MOU The paragraphs from the MOU grouped by topic with explanations and background information for each topic. The Directors of Elkhorn Project, Inc. look forward to the opportunity to discuss all of the above with the Board of Trustees as its Meeting on Tuesday, June 14, 2011. Working Draft for Discussion Purposes Only Subject to Further Revision Estes Park's Elkhorn Regional Tourism Project Description of the Project Summary The Elkhorn Project is an exciting opportunity for the Estes Park community and Colorado as a whole. The project includes the renovation and expansion of the historic Elkhorn Lodge and the construction of a performing arts center, a museum and living history center and a ski adventure park with year-round skiing, snowboarding and tubing. These facilities will draw a significant number of new visitors to the area throughout the year. It will also generate significant new revenue for local businesses as well as serve as a driver for new economic development within Estes Park. The Elkhorn Project is a redevelopment of a 65-acre parcel located at the western edge of downtown Estes Park currently known as the Elkhorn Lodge. The Elkhorn Lodge is the oldest continuously operating lodge in Colorado and has been in operation since the 1880s. The Elkhorn Lodge was once a grand facility offering an array of lodging types as well as guided outings into the surrounding wilderness, on -site sports and entertainment, and lavish meals. Time has taken its toll on the facilities at the Elkhorn Lodge. It still operates as a lodge with hotel rooms and cabins for rent, banquet and wedding facilities, horseback rentals and chuck wagon dinners. However, the facilities are at the low end of the lodging scale and only meet the needs of a limited population of the Estes Park tourists. As such, most visitors to Estes Park never get the opportunity to see and experience life as it once was at the Elkhorn Lodge. The Elkhorn Project intends to bring this family oriented, activity -driven resort destination back to life with new amenities that appeal to the modern tourist. At its core, the Elkhorn Project is a historical renovation of the Elkhorn Lodge and its many buildings. The main lodge building will be upgraded to feature attractive hotel rooms, a restaurant and banquet facility, grand lobby and a pool/spa area. A new hotel wing will be added. The Ranch House, the original home of the founding James family and original lodging facility, will be converted into a museum. The Coach House and cabins will be renovated and converted into group housing and a living history village. To provide activities for the guests, a Ski Adventure Park will be developed on the hillside behind the main lodge building. This area will feature skiing and snowboarding (including during the summer on an artificial surface), an alpine coaster, zip lines, and tubing runs. A long -sought addition to the community, the Estes Park Performing Arts Center will be constructed along the riverfront portion of the property. Together, these attractions will create a family -friendly entertainment zone immediately adjacent to the downtown shopping district and will appeal to a wide range of interests. This project will enhance the tourist experience in Estes Park, will serve as a driver of tourism in the otherwise quiet winter months, and will drive economic development within the Estes Valley. In order to be developed, this project requires support of the Colorado Department of Economic Development through the incremental sales tax program authorized by the Regional Tourism Act. In an effort to design an attraction that meets the desires of a modern tourist while preserving the historic character of the Elkhorn Lodge, the development costs of RTA Application — Tab 2A Description of the Project Page 1 of 15 Working Draft for Discussion Purposes Only Subject to Further Revision this project will exceed what could be justified solely through private investment. Past attempts to redevelop the Elkhorn Lodge and to construct a performing arts center have failed. Market Opportunity Thanks largely to its prominence as the main gateway to Rocky Mountain National Park, Estes Park is one of Colorado's most popular tourism destinations, drawing more than 3,000,000 visitors per year'. Approximately % of these visitors are international or from other states and an additional are from Colorado outside of the Northern Front Range". In 2011, Estes Park was named a Top 25 Destination in the United States by TripAdvisor"'. Tourism became the mainstay of the Estes Park economy in the late 1800's as early pioneers, who came to farm and ranch, found that providing lodging and entertainment to the summer visitors was more lucrative. Tourism got a major boost from the arrival of F.O. Stanley in his Stanley Steamer in 1903, the opening of the Stanley Hotel in 1909 and the construction of roads from Lyons and Loveland permitting automotive access to increasing numbers of vacationers. The establishment of Rocky Mountain National park in 1915 brought more than 100,000 visitors to Estes Park in 1917' and established the area's national reputation as a summer vacation destination. Estes Park's remote mountain location leaves it few economic alternatives and tourism will remain essential to the sustainability of the town's economy. The current seasonality of Estes Park's economy is opposite that of most mountain resort communities. While most Colorado mountain resort communities have a vibrant winter ski economy and at least a modest summer destination economy based on hikers, bikers and nature enthusiasts, Estes Park lacks the winter tourism attractions. Accordingly, Estes Park sees a significant decline in economic activity during the winter months. This economic imbalance causes many tourism -driven businesses, restaurants and lodging facilities to close for the winter months. The resulting scarcity of year-round employment opportunities results in financial hardship for many families, who often chose to move away from the Estes Valley to a location where they can find year-round employment. As a year-round attraction, the Elkhorn Project will create steady employment opportunities both on and off -site and help ensure the future health and vitality of Estes Park as a major tourist destination. While the Town provides an appealing array of summertime recreational amenities that complement National Park visitation, such as climbing walls, picnic areas, hiking and water sports, it lacks wintertime attractions. National Park visitor statistics show that over 85% of RTA Application — Tab 2A Description of the Project Page 2 of 15 Working Draft for Discussion Purposes Only Subject to Further Revision visits are in the months of May through October,' and the Town's sales tax data shows that over 70% of the sales tax revenues are generated in this 6 month period'". The Elkhorn Project will not only enhance Estes Park's existing tourism base during its peak summer season, but would ignite visitation during the winter off-season, leading to a more vibrant and sustainable year-round economy for the area. At present, a number of businesses in Estes Park fail each year and even more close down operations during the winter months as a result of the seasonality the Town currently experiences. As a result, residents faced with lay-offs or reduced hours in the winter months must work multiple jobs during the summer to make ends meet on an annual basis. More and more, residents are fording this employment situation too stressful and are moving away. The Estes Park School District is seeing declining enrollment and estimates that it is losing roughly 50 students per year with the primary reason being that their families are unable to cope with the uncertainties of local employment and that the distances are too great to commute daily to employment in the Front Range. Estes Park's Elkhorn Project will be located on a 65-acre parcel of property located on the western edge of the downtown business area. The Project will be anchored by the restoration of the Elkhorn Lodge, a historical gem of statewide importance that, in its current state, is in disrepair and at risk. The Elkhorn Lodge is recognized as Colorado's oldest continuously operating guest ranch and its operations are limited in scope. A central theme of the Elkhorn Project is to celebrate the site's rich history, and the renovation of the Elkhorn Lodge is where that begins. Renovations will retain the architecture style of the original facility and uphold historic preservation standards, while the installation of key amenities and improvements will cater to the needs of modern-day visitors. The restoration of the Elkhorn Lodge is, in itself, a project of great importance to the Estes Park community. The second prominent feature of the Elkhorn Project is the Cultural, Heritage and Educational Center, which includes the Estes Park Performing Arts Center, a living history village, and one or more museums and/or visual arts galleries. The Performing Arts Center, a state of the art venue for the performing arts, is the realization of a long-standing dream for the Estes Park community and will elevate both the quality of life for residents and the tourism experience for visitors. The living history village will build upon the restoration of the Elkhorn Lodge to recognize such features as Estes Park's first church, schoolhouse and coach house. The museums and/or visual arts galleries will provide space for the display of artifacts and exhibits on the history of Estes Park and the Elkhorn Lodge and offer local and regional artists a chance to display and sell their work to a national audience, as well as host exhibits from around the globe. The Estes Park Performing Arts Center, living history village and the museums are expected to offer significant educational programs. In addition, discussions are ongoing with the Estes Park Science Institute to locate a research and educational facility on the Elkhorn Property that will attract professors, researches and student groups to conduct environmental research both at the research facility and in Rocky RTA Application — Tab 2A Description of the Project Page 3 of 15 Working Draft for Discussion Purposes Only Subject to Further Revision Mountain National Park. The Elkhorn site is an ideal location for the Cultural Heritage Educational Center due to its proximity to downtown Estes Park and its other complementary amenities. The third feature of the Elkhorn Project is the Ski Adventure Park that will include a family - friendly, alpine recreation experience including a ski and snowboard slope, a snow tubing area, a ropes course venue, a zip line, and an alpine coaster operating throughout the year. The site will also feature a Mountain Top Restaurant offering outstanding views of Rocky Mountain National Park to host day visitors and special events. The Ski Adventure Park will be unique to this area and will have broad appeal to drive -up residents from Colorado's North Front Range and elsewhere. The offering of a summer learn -to -ski opportunity will be a unique activity for visitors from across the country that may have come to visit Rocky Mountain National Park but who will hopefully leave as new enthusiasts to the sport anxious to come back to "ski the Rockies" for years to come. Collectively, the Elkhorn Project's unique amenities have the potential to become some of Estes Park's most prominent tourism attractions and a significant driver of a more sustainable year-round economy. The following section describes each of the project's components in more depth, explaining how they will contribute to the economy and quality of life in Estes Park. Elkhorn Property Location The Elkhorn Property (B in the map below) is located on West Elkhorn Avenue (the main street through downtown Estes Park) roughly 1/2 mile west of the center of downtown (A in the map below). The majority of traffic into Estes Park comes from the east (via Highway 36 from Lyons, Longmont or Boulder or via Highway 34 from Loveland or Ft. Collins). Vehicular traffic to the site can either come through downtown on Elkhorn or via the Wonderview Avenue bypass that is to the north of downtown. RTA Application — Tab 2A Description of the Project Page 4 of 15 Working Draft for Discussion Purposes Only Subject to Further Revision The property is situated on the Fall River which merges with the Big Thompson River 1/2 mile downstream from the property. Old Man Mountain, a prominent and historic rock crag, is just to the west of the property. The western edge of the property is within 1 mile of the boundary of the Rocky Mountain Natural Park (shaded in green in the above map). Attempts over the past several years to acquire and develop the property have been unsuccessful. Elkhorn Project, Inc. has a contract to purchase the 65 acre property from the current owners with closing on the purchase scheduled to occur in March 2012. At present, 40 acres of the parcel are outside of the city limits of Estes Park and are zoned for residential use. However, these 40 acres will be annexed shortly after the purchase and rezoned. Several of the adjoining properties are under conservation easements with the Estes Valley Land Trust. Elkhorn Project, Inc. is in discussions with the Estes Valley Land Trust to place a conservation easement on the upper portion of the property on which the top of the ski lift, the hilltop restaurant and ski runs will be located. This conservation easement would preserve an important wildlife corridor from the National Park into downtown Estes Park where elk and other wildlife have become popular attractions. Elkhorn Lodge Restoration The Elkhorn property dates back to 1877 when the first buildings were built by the James family for a ranching business. They soon began to provide lodging to the many tourists who were traveling to Estes Park. By 1880, they had 15 tourist rooms housing up to 40 people at a time. As the needs of the tourists increased, and proved quite lucrative, the James family decided to focus their efforts on expanding the lodging operations, and scaled back the ranching. The Elkhorn Lodge accommodations expanded year over year, with more and more cabins added and fmally the present Elkhorn Lodge building was built in 1900 with expansions in 1907 and 1912". F.O. Stanley stayed at the Elkhorn Lodge for three months in 1903 upon his initial arrival in Estes Park. In subsequent years, he built his family home and then in 1907 the Stanley Hotel, now a popular tourist destination itself. Despite being listed on the national registry of historic sites, the buildings on the Elkhorn property have in recent years narrowly avoided demolition on several occasions. In 2010, Colorado Preservation, Inc. named the Elkhorn Lodge as one of the six most endangered historic properties in Colorado. RTA Application — Tab 2A Description of the Project Page 5 of 15 Working Draft for Discussion Purposes Only Subject to Further Revision As part of the Elkhorn Project, the historic Elkhorn Lodge and associated buildings will be renovated and restored. The main lodge will reopen with a restaurant/bar, banquet hall, gift shop, and 25 guest rooms. The plan includes a new wing of the hotel, which will add 45 new hotel rooms and a large spa with indoor/outdoor pool. Renovations will uphold the historic architecture and design of the original buildings, while incorporating the modern amenities that today's guests desire. Estes Park offers many lodging alternatives but few 3-star hotels. The renovated and expanded lodge will seek to fill this void. Estes Park is a popular location for weddings and the renovated hotel will be scenically located and provide all of the lodging, banquet and other amenities to play an preeminent place for weddings and other large social gatherings. The inclusion of the Estes Park Performing Arts Center on the property will make the hotel an ideal location for the lodging of persons coming to view performances as well as the performers themselves. With the ski and other winter activities located in its backyard, the renovated lodge should have occupancy rates in the winter seasons that far exceed the norm in area. These advantages should enable the Elkhorn Lodge to command above average room rates and reduced volatility of occupancy rates that create economic challenges to other lodging properties. Educational/Heritage/Cultural Center Performing Arts Center The Estes Park community has been attempting to develop a performing arts center for over 15 years. A previous non-profit organization dissolved in 2004 and left the funds that it had raised to the Town to be used for construction of a performing arts center in the future. The most recent effort began in 2006 by a non-profit organization known as the Supporters for the Performing Arts, Inc. ("SOPA"), a Colorado 501(c)(3) non-profit corporation. Performance Park offers an excellent outdoor venue for concerts and performances in the summer months. However, summer thunder showers, the limited size of this venue and its open access create challenges for using this venue for ticketed performances. At present, the Town of Estes Park and SOPA have a memorandum of understanding for the construction of the Estes Park Performing Arts Center at the Stanley Fairgrounds east of downtown on a parcel of land adjacent to the rodeo grounds that is currently used for horse stalls. The Applicant, SOPA, and Elkhorn Project, Inc. are exploring relocation of the Estes Park Performing Arts Center to the Elkhorn Property site. This new site would place the RTA Application — Tab 2A Description of the Project Page 6 of 15 Working Draft for Discussion Purposes Only Subject to Further Revision theater on a riverside setting less than % mile east of downtown and across the street from Performance Park. The Estes Park Performing Arts Center is designed to become the focus for the cultural life of the Estes Park community. By providing a state-of-the-art performance venue to all local performing arts groups and by presenting high quality, nationally recognized entertainment to residents and visitors, the Estes Park Performing Arts Center will make the arts a part of everyday life, dramatically enhancing the quality of life for the community and broadening the tourism experience for visitors to the Town. Locating the Estes Park Performing Arts Center on the Elkhorn Property will compliment the Elkhorn Lodge redevelopment by providing hotel guests with an adjacent nighttime attraction. It will also be within a relaxing riverside walk from numerous other lodging facilities, restaurants and the downtown shopping district. The Applicant has previously committed $1,200,000 for infrastructure improvements, parking, lighting, and landscaping in the construction of the facility. The Applicant's "Theater Fund" contains approximately $450,000 that is committed to the construction of a theater if it can be substantially completed before May 2014. The Applicant has also previously agreed to provide $217,000 per year to fund operating deficits while the Estes Park Performing Arts Center becomes established. SOPA has recently commenced a capital campaign to raise $7,000,000 to fund construction and support its ongoing operations. Elkhorn Project, Inc. has agreed to provide substantial funds necessary to construct the Estes Park Performing Arts Center on the Elkhorn Property site but these funds, and thus the theater relocation, will be possible only if the Applicant's RTA application is successful. The Estes Park Performing Arts Center will include a main performance area with 433 audience seats and state of the art lighting, acoustics, stage equipment and sound system. It will feature a 40' by 70' raised stage with an automated fly system such that the facility will have the flexibility to respond to a wide variety of performance requirements. Performances will range from concerts, dance recitals and full stage theatrical productions to film festivals, poetry readings and storytelling. An addition lobby performance area with a 75-seat capacity will also be available for smaller performances. The lobby area will also include gallery space and concession and eating areas. RTA Application — Tab 2A Description of the Project Page 7 of 15 Working Draft for Discussion Purposes Only Subject to Further Revision In addition to performances by professional groups and local performing arts organizations, SOPA intends to offer educational programs and the Estes Park Performing Arts Center will include teaching areas and classrooms. Participants for these educational programs and youth camps are expected to come from throughout Colorado and the nation to participate. Museums/Visual Arts Galleries The area surrounding the Elkhorn Lodge and the Estes Park Performing Arts Center will house one or more museums and visual arts galleries in a combination of newly constructed and renovated historic buildings. It is expected that these exhibitions will focus on local history and local artisans. Special emphasis will be given to the late 1890s and early 1900s when developments in transportation, photography, communication and leisure activities sparked a significant growth in tourism in the Estes Valley. The Ranch House, the original James family home, will be renovated into a historical museum. It will feature displays on both the history of the Town of Estes Park as well as the history of the Elkhorn Lodge property and the James family. Many artifacts of the lodge will be on display here in order to visually depict the early days of the lodge property. Elkhorn Project, Inc. has had preliminary conversations with The Stanley Museum regarding the possible relocation of their museums in Estes Park and Kingfield Maine to a site on the Elkhorn Property. These museums include Stanley steam cars developed by the brothers F.E. and F.O Stanley and an extensive exhibit on the history of black & white photography featuring the Stanley Dry Plate Company and photographs of the Stanleys' sister Chansonetta. The exhibit includes photographs of Henry Wadsworth Longfellow and William Cullen Bryant. One feature of such a museum may include a working garage in which Stanley steam cars are repaired and where visitors can see the inner workings of these unique vehicles. The discussions with The Stanley Museum are still in their preliminary stages and are described here as an example of the nature of the museum and visual arts galleries that may be included in the project. RTA Application — Tab 2A Description of the Project Page 8 of 15 Working Draft for Discussion Purposes Only Subject to Further Revision Living History Village The Elkhorn Property includes a number of historic small cabins and outbuildings including buildings that housed the first church in Estes Park and the first school in Estes Park. These buildings will be renovated and expanded to create a living history village in which artisans in period dress can demonstrate their crafts and sell their wares. While downtown Estes Park still features buildings retaining the historical architecture of the early 1900s, the downtown still feels like a modern shopping destination. The Living History Village at the Elkhorn Project will transport visitors back in time when life was more rugged. Tucked against a hillside, adjacent to the Elkhorn Lodge building, the Living History Village will be both a museum and unique shopping and entertainment destination, featuring unique shopping (such as the general store, art galleries, candy shops and candle shops) as well as artisans providing exhibits of their skills, such as silversmith, baker, glass blower, hat maker, and candle maker. Visitors will be able to take a ride in a horse-drawn wagon, grab a soda or an ice cream at the local saloon, or hear ghost stories at the evening campfire. The restored Elkhorn Lodge and the Living History Village will transport visitors to a unique period of America's western history. From 1880 to 1910, Estes Park was transformed from the home of trappers and early settlers trying to survive in a remote mountain valley with no modern amenities, to a model of modern 20th century tourism with buses, automobile tours and hotels and shops with running water and electricity. This was the era when conservation an tourism combined to create our great National Parks system. Estes Park's story is a microcosm of a much larger social change when the American people chose to preserve and RTA Application — Tab 2A Description of the Project Page 9 of 15 Working Draft for Discussion Purposes Only Subject to Further Revision enjoy the natural beauty of the great western landscapes while bringing modern development to remote areas. Visitors to the Living History Village will experience the early years of trappers, settlers, stagecoaches and subsistence struggles with the ability to explore the food, clothing, housing, transportation and daily activities of the early years of Estes Park. The visitor can then move forward in time and glimpse the great changes brought by Dunraven, James, Stanley, and others resulting in "modern" turn -of -the -century housing, accommodations and transportation. Education and Research Facilities Preliminary discussions are occurring between Elkhorn Project, Inc. and the Estes Park Science Institute for the location of a research and community outreach building, including group housing for professors, researchers and college and school groups to conduct applied research projects regarding the environment and the impact of climate changes on the Rocky Mountain ecology. The institute would work with the National Park Service and local colleges and school districts but also seeks to bring researchers and students from across the country and internationally. In addition, Supporters of the Performing Arts intends to offer educational programming at the Estes Park Performing Arts Center. SOPA will offer an arts curriculum geared to local students as well as courses and summer programs designed for students out of the area. The group housing facility will provide reasonably priced accommodations for participants in these programs. The historical renovation of the Elkhorn Lodge, the museums and the living history village are also opportunities to create educational curriculums based on the pioneer days of Colorado. Again, these could be conducted as either day programs or overnight programs using the group housing facility for school and youth programs from throughout the Midwest. Ski Adventure Park The third component of the Elkhorn Project is the Ski Adventure Park, which is the project's primary catalyst for new winter visitation. The Ski Adventure Park has an exciting array of year-round activities that appeal to a wide variety of visitors and take advantage of the site's beautiful setting and scenery and reputation as a family vacation getaway. With its focus on affordability, learning to ski or snowboard and family fun, the Ski Adventure Park will be unlike any other tourism attraction found in the region and is expected to generate substantial visitation throughout the year for Estes Park. RTA Application — Tab 2A Description of the Project Page 10 of 15 Working Draft for Discussion Purposes Only Subject to Further Revision Colorado is world -renown for its alpine sports, and skier visitation throughout the state at resorts of all sizes continues to rise. Over the past ten winter seasons, the Rocky Mountain statistical region has experienced 1.3 percent average annual growth in skier visitation"'. This is attributed in part to the state's continuous population growth, especially along the Front Range. Focusing further on smaller -scale resorts that are closer to the Denver/Boulder and Fort Collins/Northern Colorado metropolitan areas, the evidence of residents' growing interest in alpine sports is even more apparent"': Eldora Mountain Resort experienced an average increase of nearly 18 percent in skier visits between the 2000-2001 season and the 2009-2010 season. The newly created Echo Mountain near Evergreen, Colorado saw visitation spike from approximately 3,000 skiers in its inception year of 2005-2006 to over 30,000 in 2008-2009. The Elkhorn Ski Adventure Park will share the same appeal as these small resorts, but will have a more varied array of amenities and will be open year-round. The size and cost of most of the other ski areas in the state can be intimidating to families or novices and none of them offer summer skiing for beginners. The Elkhorn site is an ideal setting to do so as the demand for these activities continue to rise along the Front Range. There are several amenities and activities available in or nearby Estes Park that indicate that the Ski Adventure Park will have great appeal to Estes Park visitors. Sledding and tubing is a popular winter activity at the former Hidden Valley ski area in Rocky Mountain National Park despite its lack of any lifts or formalized amenities. Fun City, which is located two blocks south of the main downtown intersection on Highway 36, also provides a popular `giant slide' and other amusement park features such as a climbing wall and a bungee trampoline; numerous other providers of family -friendly activities such as mini -golf and bumper boats"" The Aerial Tramway, which has carried visitors to the top of Prospect Mountain since 1955, has over 50,000 visitors a year and operates from the end of May through the beginning of September'. The Elkhorn Project would cater to a similar clientele as these recreation providers, but would offer new activities that are not already provided in Estes Park year-round. RTA Application — Tab 2A Description of the Project Page 11 of 15 Working Draft for Discussion Purposes Only Subject to Further Revision Ski and Snowboard Slope The ski and snowboard slope will be a strong economic catalyst that generates much needed visitors during the winter and shoulder seasons and offers an attractive new opportunity to the large number of summer visitors. Skiing will be possible 365 days a year by featuring a Snowflex® surface on a portion of the mountain. This synthetic product creates a realistic downhill experience, especially for beginners and terrain park enthusiasts. The Elkhorn Project will be an exciting opportunity for families and others who want an introductory skiing or snowboarding experience that is affordable, and easy to navigate- from travel to the area and parking, to renting equipment, and then immediately getting out on the hill. The lower portion of the ski and snowboard slope will cater primarily to beginners, and feature a small slope served by a carpet conveyer lift. The beginner ski slope will be approximately 300-350 feet in length and have a very gentle gradient. To the north of the beginner ski slope will be the central corridor for the remainder of the ski and snowboard slope, which will include the chairlift loading zone. To the north of the chairlift loading area will be the snow tubing facility, which is described in more detail below. The upper portion of the ski/snowboard slope will include a wider variety of trails interspersed throughout the park -like setting found here. The existing site already has an ideal gradient for beginner and intermediate trails though this area, as well as nicely -spaced, mature ponderosa pines. Approximately seven trails will comprise the upper portion of the ski/snowboard slope, ranging in length from a few hundred feet to up to a half -mile. A mid - mountain loading station will allow skiers to remain at this upper portion without having to return to the base area. The upper portion of the mountain may also accommodate a small terrain park. Snowmaking will occur to maintain an adequate base during the winter season on the entire slope. The installation of lifts and preparation of the slopes as well as the operation of the ski/snowboard facilities will be conducted in accordance with the sustainable slopes policies of the National Ski Area Association. The chairlift will be a quad -chair attached lift with structures at both the base and top of the lift. The upper structure will be accompanied by a Mountain Top Restaurant described below. The ski/snowboard slopes will have 400 feet of vertical drop and feet of trails. RTA Application — Tab 2A Description of the Project Page 12 of 15 Working Draft for Discussion Purposes Only Subject to Further Revision Ponderosa pines on the upper portion of the ski/snowboard slope in its current condition, showing the lack of need of any significant grading, rock removal or tree cutting in order for the slopes to be ready for skiing and snowboarding. Year -Round Tubing Facility Snow tubing is an extremely popular winter activity at resorts across the country. A well - designed, dedicated snow tubing facility (with a lift) is an amenity that has a perceived demand in Estes Park, as demonstrated in the popularity of other similar activities nearby. There are no other formalized tubing facilities within close driving distance (<1 hour) to the Front Range, despite tubing's rising popularity and measurable return on investment. Similar to the ski/snowboard slope, the tubing facility would operate both in the winter and in the summer and have broad appeal to both residents of Colorado, and those from across the county who are visiting Rocky Mountain National Park. The tubing facility will have four lanes, varying from 500 to 600 feet long that will be served by a 250 foot long carpet conveyor lift. A small building will be constructed at the bottom of the tubing lift for tube storage. RTA Application — Tab 2A Description of the Project Page 13 of 15 Working Draft for Discussion Purposes Only Subject to Further Revision Zip Line and Ropes Course Zip lines and ropes courses are also popular activities that allow recreationists to have an exciting, up -close experience with nature, with a low risk factor. The Elkhorn site is ideal for these, given its beautiful scenery, mature trees, and gradual slope. A zip line will be implemented from a starting point near the Mountain Top restaurant and chairlift unloading station. It will consist of a one-way direct route to the base of the mountain. The route will be approximately a half -mile in length and expose views of the surrounding alpine environment and Estes Park as much as possible. It will offer the opportunity to experience the thrill and wonder of interacting with the forest canopy and other natural landscape elements including boulders and rock outcrop promontories. The ropes course will offer a more challenging recreation experience, while also exposing recreationists to the forest canopy and amazing views of the surrounding environment. Ropes courses are not only popular with day visitors, but are also great destinations for corporate and school groups who are interested in retreats and team -building activities. The nearby YMCA of the Rockies offers low and high challenge courses and a much shorter zip line, however, they are not marketed toward the general public, nor are they within walking distance to Town. The Elkhorn Project captures a broader range of clientele and is more tailored to those who are looking for single -day activities. Alpine Coaster Alpine coasters are an emerging trend in alpine recreation that provide an exhilarating experience for all ages. Alpine coasters are elevated roller coasters, typically above or next to the ski run, that carry riders through the forest. Coasters are secured to a track, similar to a bobsled, in which guests can control their speed as the cruise down the course. The alpine coaster will be located along the northern boundary of the property. It will be integrated within the natural vegetation as much as possible to not only bolster the ecotourism experience, but to provide a buffer between the adventure activities and adjacent properties. The alpine coaster will operate year-round. RTA Application — Tab 2A Description of the Project Page 14 of 15 Working Draft for Discussion Purposes Only Subject to Further Revision Mountain Top Restaurant The Mountain Top Restaurant will provide a scenic dining experience for all visitors of the Elkhorn site. It will be open year-round and feature unparalleled wrap -around views of Rocky Mountain National Park, Roosevelt National Forest, and the Estes Valley. The restaurant will include indoor and outdoor dining spaces, as well as a larger banquet space for special events such as weddings, meetings, or small conferences. The location of the Mountain Top restaurant is ideal, not only because it is at the top of the ski slope, but also because there are few other places in Estes Park where visitors can find such outstanding views of the landscape without being in the National Park itself. The restaurant will serve skiers/snowboarders and guests of the Elkhorn Lodge and visitors strolling up the riverwalk from downtown. Retail and Other Amenities The Ski Adventure Park will have a base building that features lift ticket booth and a fully equipped rental shop, ski store and other retail amenities will be housed in one of the Elkhorn Lodge's historical horse barns. Due to the focus on novice skiers and snowboarders, a far greater than normal number of visitors will need to rent equipment or buy gloves, hats and other accessories. In addition, the new hotel wing at the Elkhorn Lodge will feature additional retail shops such as souvenir shops, a coffee shop or clothing shops. ' Rocky Mountain National Park Statistics: http://www.nps.gov/romo/parkmgmt/statistics.htm " [1Nill add data and reference to LMD annual report to be issued shrtlyj http://www.tripadvisor.com/TCDestinations-g191-cTop25-United_States.html "Estes Park Sales Tax Revenue: http://estesnet.com/finance/salestaxrev.aspx "Those Castles of Wood, Henry F. Pedersen, Jr., pages 63-72. "' Colorado Ski Country USA Skier Visitation Data °"Estes Park Convention and Visitors Bureau: http://www.estesparkcvb.com ""' http://www.estestram.com/ RTA Application — Tab 2A Description of the Project Page 15 of 15 Elkhorn Project Economic Impacts Highlights The following summarizes data from the Economic Impact Analysis prepared by Doug Kennedy Associates using the IMPLAN3 economic modelling software. As used in this analysis "Directimpact refers to the effect of dollars by visitors to the Elkhorn Project, both on -site and in the area. "Secondary" impact refers to the effect on the community of the re -spending of these dollars by the business and employees. The total of the Direct and Secondary spending is what is ordinarily referred to as the economic impact of a project. Once Full -Time Operations Commence (based on 2015) The following summarizes data the Economic Impact in 2015, the first year in which all of the facilities of the Elkhorn Project are expected to be in operation. The impact for subsequent years will continue and grow. Jobs FTEs (full-time job for a full year) Direct Impact 265 Secondary Impact 107 Total 372 Labor Income (per year; in millions) Direct Impact 7.6 Secondary Impact 5.0 Total 12.6 Visitors (per year) Total Visitors to Elkhorn Project New Visitors (destinational only) Economic Impact (per year; in millions) Direct Impact Secondary Impact Total Sales Tax Impact (per year) Town of Estes Park LMD Larimer County Colorado (within RTA zone) Colorado (total) 503,849 to all facilities in the project; lodge, museums, PAC and 135,061 ski adventure park 19.3 15.1 34.5 $ 687,400 this equates to 9.8% of Town receipts in 2010 $ 124,600 this equates to a 10.0% of LMD receipts in 2010 $ 148,800 $ 498,365 just under $20 million over 30 life of project $ 674,400 During Construction Stage (2012 to 2014) During the 3-years during which the facilities will be completed, the construction activity will also generate economic activity. Jobs FTEs (average per year) Direct Impact 88 Secondary Impact 64 Total 152 Labor Income (over 3 years; in millions) Direct Impact 14.5 Secondary Impact 9.8 Total 24.2 Economic Impact (over 3 years; in millions) Direct Impact $ 38.2 Secondary Impact 28.5 Total 66.7 Sales Tax Impact (over 3 years) Town of Estes Park Larimer County Colorado (within RTA zone) Colorado (total) $ 256,000 $ 79, 800 $ 185,600 $ 409,700 Memorandum of Understanding Between the Town of Estes Park and Elkhorn Project, Inc. Entered into as of June 14, 2011 This Memorandum of Understanding (MOU) is being executed by the parties listed below: 1. The Town of Estes Park, Colorado (the "Town") 2. Elkhorn Project, Inc. ("EPI") A. Purpose This MOU establishes and delineates the responsibilities and understandings between the two parties regarding the preparation of an application for a regional tourism project (the "Project") under the Colorado Regional Tourism Act (the "Application") and the design, planning and development of Eligible Improvements (the "Facilities") pursuant to that Project. The Project enhances the Town's position as a premier mountain resort community and furthers the Town's guiding principles of strengthening the economic vitality, preserving the Town's unique character and history and enhancing recreational and cultural opportunities. B. EPI and its Role and Responsibilities 1. Article II, Section 8 of EPI's Restated Articles of Incorporation provides in part that "In the event of the dissolution and liquidation of [Elkhorn Project, Inc.], to the extent allowed or permitted under applicable laws, the property and assets of the corporation shall be, as determined by the Board of Directors, distributed to or sold and the proceeds of such sale distributed exclusively to the Town of Estes Park Colorado or such other organization(s) organized and operating exclusively for religious, charitable, scientific, education, or other purposes permitted by Section 501(c)(3) of the Internal Revenue Code, as amended, as may be designated by the Town of Estes Park, Colorado, in each instance subject to the debts and contractual leasehold and other obligations of the corporation." EPI agrees not to amend or alter this provision in any manner without the consent of the Town, which consent will not be unreasonably withheld or delayed. 2. EPI, at its sole expense, shall retain a planning and design consulting firm to assist in the preparation of the Application to be submitted by the Town. EPI, at its sole expense, shall retain an economic consulting firm to prepare economic impact information to be included in the Application. EPI shall be solely responsible for compiling this information and preparing the balance of the Application (except for the listing of businesses required by Item 3 of the Application). EPI shall be primarily responsible for responding to any requests from the Colorado Economic Development Commission or the Colorado Office of Economic Development and International Trade for the submission of additional materials or clarification of the Application. EPI shall be primarily responsible for providing to the Third Party Analyst selected by the Colorado Elkhorn Project Memorandum of Understanding Page 1 of 11 Office of State Planning and Budgeting with data, assumptions and other information as may be requested. EPI's responsibilities under this Paragraph 2 shall be without any out-of-pocket expense being incurred by the Town in connection with the preparation of the Application. 3. EPI, at its sole expense, shall acquire the Elkhorn Lodge real property (the "Elkhorn Property"). EPI agrees to execute and deliver to the Town any and all applications or other documents that may be necessary in order for the Town to complete the annexation of the 40 acre parcel known as Larimer County parcel number 35261-00- 001 4. EPI agrees to execute and deliver to the Town any and all applications or other documents that may be necessary in order for the Town to re -zone the Elkhorn Property in such a manner that the Project or the facilities to be constructed and operated as part of the Project may require. 5. EPI agrees to enter into a water rights lease with the Town on the terms set forth in Exhibit B of this MOU. EPI may sublease all or a portion of its rights and obligations under this water rights lease to the operator of the ski/adventure park but EPI understands and agrees that any such sublease will not relieve EPI of its obligations to the Town under such water rights lease. 6. EPI agrees to purchase an easement from the Town with respect to use of a parcel of undeveloped land (approximately one acre in size) known as Larimer County parcel number 35261-09-901 on the terms set forth in Exhibit C of this MOU. EPI's rights and obligations under this easement will be assignable by EPI to the operator of the ski/adventure park but EPI understands and agrees that any such assignment will not relieve EPI of its obligations to the Town under such easement. 7. Upon completion of the Project, EPI shall be solely responsible for the operation and management of the Project. It is understood and agreed that EPI will enter into leases and development agreements with the operators of certain facilities within the Project delegating certain responsibilities to these operators but retaining oversight and authority as the lessor of the properties and facilities. It is understood and agreed that the Town shall not have any responsibility or obligation under such agreements. C. The Town's Role and Responsibility 1. The Town agrees to assist EPI in connection with the preparation of the Application to the extent that information needed for the Application is within control of the Town, including without limitation, the listing of businesses required by Item 3 of the Application. The Town will submit the Application to the Colorado Office of Economic Development and International Trade on or before the deadline for submission (as such may be extended). The Town, as the Applicant, will be solely responsible for the fee of the Third Party Analyst selected by the Colorado Office of State Planning and Budgeting. However, the Town may withdraw the Application after submission and prior to the Application being given to the Third Party Analyst without incurring any costs related to the Third Party Analyst. Elkhorn Project Memorandum of Understanding Page 2 of 11 2. The Town shall request that the Colorado Economic Development Commission, pursuant to the Regional Tourism Act, create a regional tourism authority for the purpose of serving as the Financing Entity for the project referred to in the Application and that the geographic boundaries of the Estes Park Tourism Authority be co- extensive with the city limits of the Town of Estes Park as such may change during the duration of the authority. The Town shall recommend the appointment of the five individuals named on Exhibit A to this MOU to serve as the initial members of the governing board of the Estes Park Tourism Authority. 3. The Town agrees to enter into an intergovernmental agreement with the Estes Park Tourism Authority pursuant to which the Town will provide the Estes Park Tourism Authority with accounting, legal and support services, at least during its organizational period. Under this intergovernmental agreement, the Estes Park Tourism Authority will reimburse the Town for the allocated cost of these services with such reimbursement considered an Eligible Cost to be paid from incremental state sales tax revenues received by the Estes Park Tourism Authority. 4. The Town agrees to take such actions as may be necessary or appropriate to consider the annexation of the 40 acre parcel known as Larimer County parcel number 35261-00-001. The Town further agrees to take such actions as may be necessary or appropriate to consider the re -zoning of the Elkhorn Property and the Town's 1-acre parcel in such a manner as the Project or the facilities to be constructed and operated as part of the Project may require. It is understood and agreed that such actions may require public notice, public hearings and formal action by the Board of Trustees of the Town and/or of the Planning Commission of the Town. The Town agrees to waive all fees related to the annexation, re -zoning, any special use plan review, development plan review and any other planning approvals that may be required in connection with the Project. 5. The Town agrees to enter into a water rights lease with EPI on the terms set forth in Exhibit B of this MOU. 6. The Town agrees to grant EPI an easement with respect to use of a parcel of undeveloped land (approximately one acre in size) known as Larimer County parcel number 35261-09-901 on the terms set forth in Exhibit C of this MOU. 7. If the Town's RTA Application is approved by the Colorado Economic Development Commission, the Town agrees to meet with EPI and Supporters of the Performing Arts, Inc. ("SOPA") to consider whether or not it may be preferable to relocate the Estes Park Performing Arts Center to the Elkhorn Property location. The Town agrees that, if it is ultimately decided that the Estes Park Performing Arts Center is to be relocated to the Elkhorn Property location, all terms of the Town's existing memorandum of understanding with SOPA, as previously amended, (the "SOPA Memorandum of Understanding") shall remain in full force and effect and shall apply with respect to the Estes Park Performing Arts Center on such relocated site. Without limiting the foregoing, it is understood and agreed that the Town's obligation under Paragraph 2 of Section C of the SOPA Memorandum of Understanding shall be interpreted as applying to improvements necessary for the Estes Park Performing Arts Center on the relocated site. Nothing in this MOU commits the Town, EPI or SOPA to agree to any relocation of Elkhorn Project Memorandum of Understanding Page 3 of 11 the Estes Park Performing Arts Center from its current planned location at the Stanley Park Fairgrounds. 8. If the Town's RTA Application is approved by the Colorado Economic Development Commission, the Town agrees to consider providing, at the Town's sole expense, the site preparation, utility and infrastructure improvements in support of the Project as set forth in Exhibit D of this MOU. It is understood and agreed that all these site preparation, utility and infrastructure improvements are in addition to the obligations of the Town under the SOPA Memorandum of Understanding. It is further understood and agreed that all site preparation, utility and infrastructure improvements not set forth on Exhibit D of this MOU or otherwise covered by the SOPA Memorandum of Understanding, including such improvements as may be required as a condition of approval of the Project's development plan, shall be the sole responsibility of EPI at its sole expense. 9. If the Town's RTA Application is approved by the Colorado Economic Development Commission, the Town agrees to consider providing the financial support of the Project in the manner set forth in Exhibit E of this MOU. D. Governmental Immunity The parties agree and understand that the Town is relying on and does not waive, by any provision of this MOU, the monetary limitations or terms (presently One Hundred Fifty Thousand and 00/100 Dollars ($150,000) per person and Six Hundred Thousand and 00/100 Dollars ($600,000) per occurrence) or any other rights, immunities, and protection provided by the Colorado Governmental Immunity Act, Section 24-10-101, C.R.S., as from time to time amended, or otherwise available to the Town or any of its officers, agents or employees. E. Current Year Obligations The parties acknowledge and agree that any payments provided for by the town or requirements for future appropriations by the Town shall constitute only currently budgeted expenditures of the Town. The Town's obligations under this MOU are subject to the Town's annual right to budget and appropriate the sums necessary to provide the obligation set forth herein. No provision of this MOU shall constitute a mandatory charge or requirement in any ensuing fiscal year beyond the then current fiscal year of the Town. No provision of this MOU shall be construed or interpreted as creating a multiple fiscal year direct or indirect debt or other financial obligation of the Town within the meaning of any constitutional or statutory debt limitation. This MOU shall not directly or indirectly obligate the Town to make any payments beyond those appropriated for the Town's then current fiscal year. Elkhorn Project Memorandum of Understanding Page 4 of 11 F. Timing of Actions The parties understand that the current timelines for Application under the RTA are as set forth on Exhibit F. The parties shall act in such manner to by April 30, 2012 (i) execute the Water Rights Lease referred to in Paragraph 5 of both Section B and Section C, (ii) execute the Easement referred to in Paragraph 6 of both Section B and Section C and (iii) complete the annexation and rezoning of the ski -adventure park portion of the Elkhorn Property. The parties understand that such a deadline is subject to delays due to reasons beyond the control of either party but further understand that completion of such items by such dates is important in order for summer activities to begin in time for the 2012 summer tourism season. All other actions contemplated by this MOU shall be completed as soon as is practicable on or after such date. If the timelines for applications under the RTA are delayed from those set forth on Exhibit F, the timing of actions under this MOU will be reviewed and, if necessary, revised. G. Notices Any notice required or permitted by this agreement will be deemed effective when personally delivered in writing or three (3) days after notice is deposited with the U.S. Postal Service, postage prepaid, certified, and return receipt requested, and addressed as follows: Elkhorn Project, Inc. Attn: President P O 1155 Estes. Park, CO 80517 Town of Estes Park Attn: Town Administrator P 0 Box 1200 Estes Park, CO 80517 Either party may change the address for notices by written notice to the other party. Elkhorn Project, Inc. Frank Theis, President Town of Estes Park William C. Pinkham, Mayor Attest: Jackie Williamson, Town Clerk Elkhorn Project Memorandum of Understanding Page 5 of 11 Memorandum of Understanding Between the Town of Estes Park and Elkhorn Project, Inc. Exhibit A Recommended Members of the Initial Governing Board of the Estes Park Tourism Authority Appointed by the Colorado Economic Development Commission Person A Term expires April 30, 2016 Business Address [Commercial property owner of property within the Town of Estes Park] Additional background information Person B Term expires April 30, 2014 Business Address [Commercial property owner of property within the Town of Estes Park] Additional background information Appointed by the Town of Estes Park William C. Pinkham Address Mayor of the Town of Estes Park Additional background information Person C Address [Community at -large representative] Additional background information Person D Address [Community at -large representative] Additional background information Term expires April 30, 2016 Term expires April 30, 2016 Term expires April 30, 2014 Elkhorn Project Memorandum of Understanding Exhibit A Memorandum of Understanding Between the Town of Estes Park and Elkhorn Project, Inc. Exhibit B Terms of Lease of Water Rights Lessee Elkhorn Project, Inc. and its assigns Water Rights Maximum of 40 acre-feet of the Town's Windy Gap Water each calendar year to be drawn by Lessee from Fall River Duration An initial term of 25 years with five 5 year options to renew Payments Lessee shall pay the Town: (i) An annual rent payment of $ for each year of the Lease which payment is non-refundable and due regardless of actual use (ii) A usage charge of $ for each acre foot of water used (iii) Reimbursement of administrative costs associated with this lease in an amount of $ upon execution of the lease and $ for each year of the Lease which payments are non-refundable and due regardless of actual use Use of Leased Water Limitations on Use Water supplied pursuant to Lease will be used for snowmaking and misting of artificial sliding surface for tubing and beginner ski hill. The Lease will contain provisions written to ensure that the Lessee's drawing of water from Fall River is conducted at times and in a manner that it will not reduce stream flow to levels that would adversely impact either wildlife or aesthetics. Elkhorn Project Memorandum of Understanding Exhibit B Memorandum of Understanding Between the Town of Estes Park and Elkhorn Project, Inc. Exhibit C Terms of Easement Grantee Elkhorn Project, Inc. and its assigns Subject Property All of Larimer County Parcel No. 35261-09-901 Purchase Price $1.00 and other good and valuable consideration Permitted Uses Grantee and its assigns may use the subject property for the construction, development and operation of (i) a tubing hill, (ii) an alpine coaster ride, (iii) a zip -line ride, (iv) mountain bike trails, (v) downhill ski/snowboard runs and (vi) lifts and trails providing access to any of the foregoing. Ancillary Uses Prohibited Uses Retained Rights Duration Grantee and its assigns may modify the terrain, cut and remove trees and brush and attach structures to the subject property as necessary for the construction, development and operation of the permitted uses. Grantee and its assigns may conduct snowmaking operations on the subject property. Grantee and its assigns shall not commit any waste on the subject property, shall minimize to the extent reasonable and practicable the modification of terrain and the cutting of live trees. Grantee may not install on the subject property any lighting for night use of the subject property. Grantor retains all rights to the subject property that are not inconsistent with and that would not adversely impact the rights granted under the easement. The easement shall be perpetual in duration provided, however, that if the Grantee or the Grantee's assigns cease to use the property for the permitted uses for a period of12 consecutive months or more, the Grantor may give the Grantee and its assigns written notice of intent to terminate the easement. The easement will terminate if the Grantee or its assigns fails to use the property for the permitted uses within 180 days of receipt of any notice of intent to terminate the easement. Elkhorn Project Memorandum of Understanding Exhibit C Memorandum of Understanding Between the Town of Estes Park and Elkhorn Project, Inc. Exhibit D Site Preparation, Utility and Infrastructure Improvements to be Performed by the Town of Estes Park in Support of the Project If the RTA application is successful, the Town of Estes Park will consider making or funding the following improvements associated with the Elkhorn Project: Improvement Estimated Cost New Bridge (using old Hwy 34 Trusses) $300,000 Entrance Road and Sidewalk (150 lineal feet) $100,000 Riverwalk Connection (on site) $120,000 Fall River Restoration and Improvements $240,000 Improvements along North Bank of Fall River $90,000 Site Preparation for Parking Garage $150,000 TOTAL $1,000,000 Elkhorn Project Memorandum of Understanding Exhibit D Memorandum of Understanding Between the Town of Estee Park and Elkhorn Project, Inc. Exhibit E Additional Financial Support to be Provided by the Town of Estes Park in Support of the Project If the RTA application is successful, the Town of Estes Park will consider making a loan to Elkhorn Project, Inc. on the following terms: Principal Amount $7,000,000 Interest Rate $3.0% paid quarterly Repayment Interest only for the first three years Quarterly principal payments of $125,000 beginning in year 4 Balance repaid in full by the end of year 10 Dedicated Source of Repayment Other Sources of Repayment Use of Funds 100% of the collections by Elkhorn Project, Inc. of a 7.7% public improvement fee charged on all transactions on the Elkhorn Property that are exempt from sales tax. This fee is expected to generate over $650,000 per year by 2015. The note would be full -recourse to all other assets and income of Elkhorn Project, Inc. The borrowed funds would only be used for Eligible Costs as defined in the RTA Elkhorn Project Memorandum of Understanding Exhibit E Memorandum of Understanding Between the Town of Estes Park and Elkhorn Project, Inc. Exhibit F Application Timelines under the Regional Tourism Act (as of May 10, 2011) Elkhorn Project Memorandum of Understanding Exhibit F Memorandum of Understanding Between the Town of Estee Park and Elkhorn Project, Inc. Entered into as of June 14, 2011 Drafts of a proposed Memorandum of Understanding have been circulated to the Town Administrator and Town Attorney, comments from them have been received and are incorporated in this latest draft. This "annotated" version of the proposed Memorandum of Understanding groups paragraphs of the Memorandum of Understanding by topic and offers background information and an explanation of each grouping Parties and Purpose Clauses This Memorandum of Understanding (MOU) is being executed by the parties listed below: 1. The Town of Estes Park, Colorado (the "Town') 2. Elkhorn Project, Inc. ('EPI") A. Purpose 'This MOU establishes and delineates the responsibilities and understandings between the two parties regarding the preparation of an application for a regional tourism project (the "Project") under the Colorado Regional Tourism Act (the "Application") and the design, planning and development of Eligible Improvements (the "Facilities") pursuant to that Project. The Project enhances the Town's position as a premier mountain resort community and furthers the Town's guiding principles of strengthening the economic vitality, preserving the Town's unique character and history and enhancing recreational and cultural opportunities. Explanation of Provisions 1. The purpose of thisMOU is to establish the responsibilities of the Town and Elkhorn Project, Inc. with respect to the RTA Application and the project itself. 2. The project furthers several of the guiding principles adopted by the Town Board of Trustees as articulated in the Town's Mission Statement. Articles of Incorporation of Elkhorn Project, Inc. From Section B—Responsibilities of Elkhorn Project, Inc. 1. Article II, Section 8 of EPI's Restated Articles of Incorporation provides in part that "In the event of the dissolution and liquidation of [Elkhorn Project, Inc.], to the extent allowed or permitted under applicable laws, the property and assets of the corporation shall be, as determined by the Board of Directors, distributed to or sold and the proceeds of such sale distributed exclusively to the Town of Estes Park, Colorado or such other organization(s) organized and operating exclusively for religious, charitable, scientific, education, or other purposes permitted by Section 501(c)(3) of the Internal Revenue Code, as amended, as may be designated by the Town of Estes Park, Colorado, in each instance subject to the debts and contractual leasehold and other obligations of the corporation." EPI agrees not to amend or alter this provision in any manner without the consent of the Town, which consent will not be unreasonably withheld or delayed. Explanation of Provisions 1. Elkhorn Project, Inc. has committed to the Town that its non-profit purpose includes benefiting the Town upon its liquidation. 2. This is based upon the Winter Park model in which the non-profit corporation there benefits the City of Denver. Preparation and Submission of RTA Application From Section B—Responsibilities of Elkhorn Project, Inc. 2. EPI, at its sole expense, shall retain a planning and design consulting firm to assist in the preparation of the Application to be submitted by the Town. EPI, at its sole expense, shall retain an economic consulting firm to prepare economic impact information to be included in the Application. EPI shall be solely responsible for compiling this information and preparing the balance of the Application (except for the listing of businesses required by Item 3 of the Application). EPI shall be primarily responsible for responding to any requests from the Colorado Economic Development Commission or the Colorado Office of Economic Development and International Trade for the submission of additional materials or clarification of the Application. EPI shall be primarily responsible for providing to the Third Party Analyst selected by the Colorado Office of State Planning and Budgeting with data, assumptions and other information as may be requested. EPI's responsibilities under this Paragraph 2 shall be without any out-of-pocket expense being incurred by the Town in connection with the preparation of the Application. From Section C—Responsibilities of the Town 1. The Town agrees to assist EPI in connection with the preparation of the Application to the extent that information needed for the Application is within control of the Town, including without limitation, the listing of businesses required by Item 3 of the Application. The Town will submit the Application to the Colorado Office of Economic Development and International Trade on or before the deadline for submission (as such may be extended). The Town, as the Applicant, will be solely responsible for the fee of the Third Party Analyst selected by the Colorado Office of State Planning and Budgeting. However, the Town may withdraw the Application after submission and prior to the Application being given to the Third Party Analyst without incurring any costs related to the Third Party Analyst. 2. The Town shall request that the Colorado Economic Development Commission, pursuant to the Regional Tourism Act, create a regional tourism authority for the purpose of serving as the Financing Entity for the project referred to in the Application and that the geographic boundaries of the Estes Park Tourism Authority be co -extensive with the city limits of the Town of Estes Park as such may change during the duration of the authority. The Town shall recommend the appointment of the five individuals named on Exhibit A to this MOU to serve as the initial members of the governing board of the Estes Park Tourism Authority. Explanation of Provisions 1. Elkhorn Project, Inc. has committed to the Town that it will prepare the bulk of RTA Application and has already spent countless hours preparing this document. 2. Elkhorn Project, Inc. has retained SE Group to provide design and planning assistance in connection with the preparation of the Application. All fees of SE Group will be the sole responsibility of Elkhorn Project, Inc. 3. Elkhorn Project, Inc. has retained Doug Kennedy Advisors to prepare the economic impact analysis to be included in the RTA Application. All fees of Doug Kennedy Advisors will be the sole responsibility of Elkhorn Project, Inc. 4. Certain portions of the RTA Application require documentation that only the Town can provide (e.g. a spreadsheet of businesses within the proposed tourism zone). Similarly, the names of the persons recommended to serve as the initial governing board of the Tourism Authority (both those to be appointed by the Colorado Economic Development Commission and those to be appointed by the Town 's Board of Trustees) need to be identified. The Town must provide this information. 5. There is no filing fee owed by the Town or anyone in connection with the filing of the RTA Application. 6 The Colorado Economic Development Commission also requires that all RTA Applications be reviewed by a Third Party Analysis selected by the state under an RFP process. As part of the Application, the Town, as the Applicant, must commit to pay the cost of this Third Party Analysis unless the Application is withdrawn after seeing the other applications. We have requested but have not been provided with any estimate of the amount of this cost 7. The Regional Tourism Act and this MOU both permit the Town, in its sole discretion, to withdraw the application on or August 9, 2011 when payment of the Third Party Analyst Fee becomes due. This permits the Town and Elkhorn Project, Inc. to see what other applications have been submitted and before becoming committed to even the payment of the Third Party Analyst Fee. 8. Elkhorn Project, Inc. commits to be primarily responsible for responding to any requests for clarification or for additional information that may come from the Colorado Economic Development Commission or from the Third Party Analyst after the RTA Application has been submitted. Administrative Support for the Estes Park Tourism Authority From Section C—Responsibilities of the Town 3. The Town agrees to enter into an intergovernmental agreement with the Estes Park Tourism Authority pursuant to which the Town will provide the Estes Park Tourism Authority with accounting, legal and support services, at least during its organizational period. Under this intergovernmental agreement, the Estes Park Tourism Authority will reimburse the Town for the allocated cost of these services with such reimbursement considered an Eligible Cost to be paid from incremental state sales tax revenues received by the Estes Park Tourism Authority. Explanation of Provisions 1. The Tourism Authority will have a limited but ongoing need for accounting services: a. The Tourism Authority will receive incremental state sales tax receipts from the Colorado Department of Revenue on a monthly basis. If 2011 is selected as the base year and facilities in the Project are complete by the summer of 2012 (as contemplate with some of the summer facilities for the ski/adventure park), these receipts may begin to be received as early as July, 2011. b. The Tourism Authority will receive reimbursement requests from Elkhorn Project, Inc. identifying Eligible Costs for which they wish to be reimbursed c. The Tourism Authority has the financial responsibility to limit its payouts to only those costs that qualify as Eligible Costs. d The Tourism Authority must annually prepare and submit to the Colorado Economic Development Commission a report showing its receipts and disbursement offunds and a description of the status of construction of the Project's facilities. An audited statement of the financial status of the Tourism Authority must accompany this report. e. If the Tourism Authority issues bonds or otherwise borrows money, additional periodic financial reporting to bond holders or lenders would likely be required. f The need for these accounting services will likely continue for the duration of the Tourism Authority (30 years). g. For the Town to include the Tourism Authority in the Town's accounting .system, an additional module for the accounting package would need to be purchased at an approximate cost of $ according to Town staff. h. The cost of accounting staff preparing financial reports for the Tourism Authority and otherwise providing accounting services should be comparable to the cost of accounting services provided by the Town to the Local Marketing District during its initial years of existence (For reference, reimbursed costs for LMD administrative support came to less than $50, 000, of which accounting staff support was a component). 2. The Tourism Authority should have a very limited need for legal services: a. Upon its creation, the governing board of the Tourism Authority should receive guidance from legal counsel as to their legal responsibilities under the Regional Tourism Act and Colorado law governing local government bodies. b. If the Tourism Authority issues bonds or otherwise borrows money, legal services will need to be obtained by the Tourism Authority. c. The need for these legal services will likely be more significant in the initial year of the existence of the Tourism Authority but would then be expected to decline substantially but not entirely disappear for the duration of the Tourism Authority (30 years). d. The cost of legal services for the Tourism Authority should be comparable to the cost of legal services provided by the Town to the Local Marketing District during its initial years of existence (the Town's budget included $1, 000 for legal costs of the LIVID) unless the Tourism Authority issues bonds or otherwise borrows money in which case significantly greater legal services will be needed. 3. The Tourism Authority will have a limited need for other administrative services: a. The Tourism Authority will have a limited need for other administrative services such as the preparation and circulation of meeting agendas, board packets, minutes, etc. b. The cost of these other administrative services for the Tourism Authority should be comparable to the cost of administrative services provided by the Town to the Local Marketing District during its initial years of existence (less than $50, 000 (including legal and accounting) according to Town 's budget information). 4. The IGA would provide for reimbursement to the Town of these costs by the Tourism Authority: a. The costs of accounting, legal and administrative services would be borne by the Town but are included within the definition of "Eligible Costs" under the RTA and thus may be reimbursed by the Tourism Authority to the Town as the Tourism Authority receives incremental state sales tax receipts. b. The only financial burden to the Town that might result from this arrangement is the existence of a receivable for the cost of such services if the Tourism Authority has not yet collected sufficient funds from the Department of Revenue. 5. This IGA cannot be entered into until the Tourism Authority comes into existence by action of the Colorado Economic Development Commission upon approval of the Town 's RTA Application. The IGA can and should provide for periodic (annual or every two years) review by both the Town and the Tourism Authority with both parties having the option to renew the IGA on its existing terms, propose modifications to the terms of the IGA or to terminate the IGA. Purchase, Annexation and Rezoning of the Property From Section 8—Responsibilities of Elkhorn Project, Inc. 3. EPI, at its sole expense, shall acquire the Elkhorn Lodge real property (the "Elkhorn Property"). EPI agrees to execute and deliver to the Town any and all applications or other documents that may be necessary in order for the Town to complete the annexation of the 40 acre parcel known as Larimer County parcel number 35261-00-001. 4. EPI agrees to execute and deliver to the Town any and all applications or other documents that may be necessary in order for the Town to re -zone the Elkhorn Property in such a manner that the Project or the facilities to be constructed and operated as part of the Project may require. From Section C—Responsibilities of the Town 4. The Town agrees to take such actions as may be necessary or appropriate to consider the annexation of the 40 acre parcel known as Larimer County parcel number 35261-00-001. The Town further agrees to take such actions as may be necessary or appropriate to consider the re -zoning of the Elkhorn Property and the Town's 1-acre parcel in such a manner as the Project or the facilities to be constructed and operated as part of the Project may require. It is understood and agreed that such actions may require public notice, public hearings and formal action by the Board of Trustees of the Town and/or of the Planning Commission of the Town. The Town agrees to waive all fees related to the annexation, re -zoning, any special use plan review, development plan review and any other planning approvals that may be required in connection with the Project. Explanation of Provisions 1. The 40-acre parcel at the top of the chairlift is not currently within the city limits of the Town and will need to be annexed. a. Annexation papers were previously prepared but will need to be updated as part of this process. b. The property is contiguous to other property already within the city limits. c. Larimer County has indicated no objection to the annexation. d We are not aware of any basis for an objection to this annexation. e. Annexation should not occur prior to Elkhorn Project, Inc. closing on its purchase of the parcel which is expected to occur in March 2012. 2. The 40-acre parcel at the top of the chairlift and the Town's 1-acre parcel (discussed in greater detail elsewhere) are both currently zoned residential and will need to be rezoned for commercial use to enable them to be used as part of the ski/adventure park a. We are not aware of any basis for an objection to this rezoning. b. Rezoning should not occur prior to Elkhorn Project, Inc. closing on its purchase of the parcel which is expected to occur in March 2012 but will need to be completed in time for construction to begin on the summer facilities of the ski/adventure park so that they can be opened in time for the summer 2012 season. 3. The parcel on which the Elkhorn Lodge is located will eventually need to be rezoned Downtown Commercial in order to reduce setback requirements. This rezoning will likely be done as part of the development plan review for this area. 4. Elkhorn Project, Inc. contemplates normal development plan review with respect to the parcel on which the Elkhorn Lodge is located Renovation of the Elkhorn Lodge would not need to be delayed while development plans for this area were being reviewed and construction on the new wing of the hotel, the performing arts center (if relocated) and the heritage/cultural area are not expected to begin until 2013 at the earliest. With construction of the summer facilities for the ski/adventure park needing to be complete in time for the summer 2012 season, we would hope that this portion of the development review process could be expedited 5. Elkhorn Project, Inc. is asking the Town to waive fees in connection with the annexation, rezoning and development review. The amount of the fees is estimated by Town staff to be approximately $ . This amount is more than offset by the tax revenues that the Town can reasonably expect to receive arising as a direct or indirect result of the Project. Water Rights From Section B—Responsibilities of Elkhorn Project, Inc. 5. EPI agrees to enter into a water rights lease with the Town on the terms set forth in Exhibit B of this MOU. EPI may sublease all or a portion of its rights and obligations under this water rights lease to the operator of the skiadventure park but EPI understands and agrees that any such sublease will not relieve EPI of its obligations to the Town under such water rights lease. From Section C—Responsibilities of the Town 5. The Town agrees to enter into a water rights lease with EPI on the terms set forth in Exhibit B of this MOU. Exhibit B Terms of Lease of Water Rights Lessee Elkhorn Project, Inc. and its assigns Water Rights Maximum of 40 acre-feet of the Town's Windy Gap Water each calendar year to be drawn by Lessee from Fall River Duration An initial term of 25 years with five 5 year options to renew Payments Lessee shall pay the Town: (i) An annual rent payment of $ for each year of the Lease which payment is non-refundable and due regardless of actual use (ii) A usage charge of $ for each acre foot of water used (iii) Reimbursement of administrative costs associated with this lease in an amount of $ upon execution of the lease and $ for each year of the Lease which payments are non-refundable and due regardless of actual use Use of Leased Water Limitations on Use Water supplied pursuant to Lease will be used for snowmaking and misting of artificial sliding surface for tubing and beginner ski hill. The Lease will contain provisions written to ensure that the Lessee's drawing of water from Fall River is conducted at times and in a manner that it will not reduce stream flow to levels that would adversely impact either wildlife or aesthetics. Explanation of Provisions 1. Snowmaking is estimated by SE Group to require an annual total of 31.5 acre feet ofwater. This is up slightly from our earlier estimate of 30.7 acre feet. Usage would occur primarily in the months of October through January. Much of this water would be returned to the river when the snow melted off in April and May. 2. The Snowflex® summer skiing and tubing surface includes a misting of the surface but includes a_ recycling system which reclaims 70% of the water used Due to evaporation and water loss, an additional 3.6 acre feet ofwater is estimated to be needed. 3. The difference between the sum of the 31.5 acre feet of water needed for snowmaking and the 3.6 acre feet of water needed for the Snowflex® surface and the 40 acre feet sought under the lease is to give the operator of the ski/adventure park additional leeway 4. In no month will the usage by the ski/adventure park operator amount to more than 2% of the average water flow in Fall River. The lease will also contain a provision that prohibits the ski/adventure park operator from drawing water if the flow in Fall River is less than an amount deemed necessary to preserve the quality and aesthetics of the river. (See the charts that follow this section] 5. The Water Rights Lease will include an annual lease payment, an additional charge for water actually used and reimbursement of the Town 's administrative expenses in connection with the lease. All of these would be at negotiated at market rate. EPI is not requesting any preferential treatment with regard to water rights. Pecent of Fall River Water Flow Used of flow used Jan Feb Mar Apr May Jun July Aug Sept Oct Nov Dec Months Fall River Water Usage Water Use In Stream Flow Months Easement on I Acre Parcel owned by the Town From Section B—Responsibilities of Elkhorn Project, Inc. 6. EPI agrees to purchase an easement from the Town with respect to use of a parcel of undeveloped land (approximately one acre in size) known as Larimer County parcel number 35261-09-901 on the terms set forth in Exhibit C of this MOU. EPI's rights and obligations under this easement will be assignable by EPI to the operator of the ski/adventure park but EPI understands and agrees that any such assignment will not relieve EPI of its obligations to the Town under such easement. From Section C—Responsibilities of the Town 6. The Town agrees to grant EPI an easement with respect to use of a parcel of undeveloped land (approximately one acre in size) known as Larimer County parcel number 35261-09-901 on the terms set forth in Exhibit C of this MOU. Exhibit C Terms of Easement Grantee Elkhorn Project, Inc. and its assigns Subject Property All of Larimer County Parcel No. 35261-09-901 Purchase Price $1.00 and other good and valuable consideration Permitted Uses Grantee and its assigns may use the subject property for the construction, development and operation of (i) a tubing hill, (ii) an alpine coaster ride, (iii) a zip -line ride, (iv) mountain bike trails, (v) downhill ski/snowboard runs and (vi) lifts and trails providing access to any of the foregoing. Ancillary Uses Prohibited Uses Grantee and its assigns may modify the terrain, cut and remove trees and brush and attach structures to the subject property as necessary for the construction, development and operation of the permitted uses. Grantee and its assigns may conduct snowmaking operations on the subject property. Grantee and its assigns shall not commit any waste on the subject property, shall minimize to the extent reasonable and practicable the modification of terrain and the cutting of live trees. Grantee may not install on the subject property any lighting for night use of the subject property. Explanation of Provisions 1. We understand that the Town received this one acre parcel from the developer of the Elkhorn Club Estates subdivision in . Since that time, the Town has not made any use of this property and, at times, may not have even been aware that it was owned by the Town. 2. According to Town staff, there are no restrictions on the Town 's use of the property. 3. The ski/adventure park operator will need to use a portion of this parcel for (i) the top of the tubing run, (it) the chairlift, (iii) ski/snowboaiding trails and (iv) a portion of the alpine coaster ride. Possible Relocation of the PerforminjArts Center From Section C—Responsibilities of the Town 7. If the Town's RTA Application is approved by the Colorado Economic Development Commission, the Town agrees to meet with EPI and Supporters of the Performing Arts, Inc. ("SOPA") to consider whether or not it may be preferable to relocate the Estes Park Performing Arts Center to the Elkhorn Property location. The Town agrees that, if it is ultimately decided that the Estes Park Performing Arts Center is to be relocated to the Elkhorn Property location, all terms of the Town's existing memorandum of understanding with SOPA, as previously amended, (the "SOPA Memorandum of Understanding") shall remain in full force and effect and shall apply with respect to the Estes Park Performing Arts Center on such relocated site. Without limiting the foregoing, it is understood and agreed that the Town's obligation under Paragraph 2 of Section C of the SOPA Memorandum of Understanding shall be interpreted as applying to improvements necessary for the Estes Park Performing Arts Center on the relocated site. Nothing in this MOU commits the Town, EPI or SOPA to agree to any relocation of the Estes Park Performing Arts Center from its current planned location at the Stanley Park Fairgrounds. Explanation of Provisions 1. Including the Performing Arts Center should enhance the chances of success for the RTA application as well as adding a facility that would compliment the lodging facility on the Elkhorn Property. RTA funds, if the application is successful, would help fund construction and allow SOPA to build a larger endowment to support its operations. 2. Relocation of the Performing Arts Center to the Elkhorn Property site probably is only possible if the RTA application is successful and we will not know that until March 2012. 3. Between now and March 2012, a. The Town will need to consider how it will replace the horse barns if the Performing Arts Center is kept at the Stanley Fairgrounds site and what, nonetheless, needs to be done to address the deteriorating condition of the horse barns if the Performing Arts Center were to be relocated to the Elkhorn Property site. b. The Town and SOPA need to address their respective responsibilities for the construction, maintenance and operational management of the Performing Arts Center if it is built on the Stanley Fairgrounds site. c. SOPA and the Elkhorn Project, Inc. need to address their respective responsibilities for the construction, maintenance and operation of the Performing Arts Center if it is built on the Elkhorn Property site and what if any design changes may need to be made to the building for that site and what if any design changes may need to be made to the Elkhorn Project development plan to ensure adequate parking for the Performing Arts Center. d. The Town, SOPA and Elkhorn Project, Inc. should review the traffic impact of relocating the Performing Arts Center to the Elkhorn Property site. 4. There is no need for a final decision at this time with respect to the ultimate site of the Performing Arts Center. Indeed, it is better that this decision be deferred until after we know whether or not the RTA application is successful and until the other issues relating to both locations can be more fully explored. 5. This paragraph in the MOU only commits the Town to exploring the possibility of relocation of the Performing Arts Center and commits the Town to meeting and making a decision with SOPA and Elkhorn Project, Inc. as soon as a decision is made on the awarding of the RTA. 6. A memorandum jointly written by a member of the Board of Directors of SOPA and a member of the Board ofDirectors of Elkhorn Project, Inc., in their individual capacities, to inform their respective boards and the Board of Trustees on the issues involved in and the timing of any decision with regard to the final location of the Estes Park Performing Arts Center is attached at the end of this document. 7. The above language contemplates that if the Town, SOPA and Elkhorn Project, Inc. ultimately decide to relocate the Performing Arts Center to the Elkhorn Property site, $1,200, 000 currently estimated as the cost of the site improvements that the Town has committed to make in connection with the Performing Arts Center be transferred and used for site improvements necessary at the Elkhorn Property site. a. This language in no way commits the Town or any of the others to any decision on relocation. b. This is based on the premise that those expenses would no longer need to be incurred by the Town at the fairgrounds site. To the extent that this premise is not correct ( i.e. that the $1, 200, 000 includes the cost of work that will need to be done at the Stanley Fairgrounds site even if the Performing Arts Center is relocated (e.g. perhaps the demolition cost of the horse barns), perhaps not all of the $1, 200, 000 should be transferred. c. Elkhorn Project, Inc. would be willing to cap the Town's financial commitment for site improvements at the current estimate of $1, 200, 000. The MOU between the Town and SOPA does not contain any such cap and the Town 's obligation may be greater if those costs at the Stanley Fairgrounds site continue to escalate. Utility and Infrastructure Improvements Provided by the Town From Section C—Responsibilities of the Town 8. If the Town's RTA Application is approved by the Colorado Economic Development Commission, the Town agrees to consider providing, at the Town's sole expense, the site preparation, utility and infrastructure improvements in support of the Project as set forth in Exhibit D of this MOU. It is understood and agreed that all these site preparation, utility and infrastructure improvements are in addition to the obligations of the Town under the SOPA Memorandum of Understanding. It is further understood and agreed that all site preparation, utility and infrastructure improvements not set forth on Exhibit D of this MOU or otherwise covered by the SOPA Memorandum of Understanding, including such improvements as may be required as a condition of approval of the Project's development plan, shall be the sole responsibility of EPI at its sole expense. Exhibit D Site Preparation, Utility and Infrastructure Improvements to be Performed by the Town of Estes Park in Support of the Project If the RTA application is successful, the Town of Estes Park will consider making or funding the following improvements associated with the Elkhorn Project: Improvement Estimated Cost New Bridge (using old Hwy 34 Trusses) $300,000 Entrance Road and Sidewalk (150 lineal feet) $100,000 Riverwalk Connection (on site) $120,000 Fall River Restoration and Improvements $240,000 Improvements along North Bank of Fall River $90,000 Site Preparation for Parking Garage $150,000 TOTAL $1,000,000 Explanation of Provisions 1. Elkhorn Project, Inc. is requesting that the Town provide the infrastructure improvements set forth on Exhibit D as a portion of its contribution to the Elkhorn Project. 2. We believe that the Town can do this work more cheaply than Elkhorn Project, Inc. could hire contractors to perform this work The Town is in a better position to work with other governmental authorities with interests in the right-of-way to Elkhorn Avenue and with interests in the restoration of the Fall River riverbanks. 3. The fact that the Town Board is supportive of the Elkhorn Project is critical to attracting the private operators that will provide more than 50% of the costs of the project. It is only logical that the Colorado Economic Development Commission in making its awards will note the level of support and enthusiasm for a project from both the local community and the governing body. 4. The financial support from the Town will probably be viewed as a measurement of whether the words of support are hollow or sincere. 5. However, see the protective language included elsewhere in the MOU. This paragraph does not commit the Town to ANY expenditure. It does not even commit the Town to any expenditure if the Town's RTA application is successful. Bridle Loan Provided by the Town 9. If the Town's RTA Application is approved by the Colorado Economic Development Commission, the Town agrees to consider providing the financial support of the Project in the manner set forth in Exhibit E of this MOU. Exhibit E Additional Financial Support to be Provided by the Town of Estes Park in Support of the Project If the RTA application is successful, the Town of Estes Park will consider making a loan to Elkhorn Project, Inc. on the following terms: Principal Amount $7,000,000 Interest Rate $3.0% paid quarterly Repayment Interest only for the first three years Quarterly principal payments of $125,000 beginning in year 4 Balance repaid in full by the end of year 10 Dedicated Source of Repayment Other Sources of Repayment 100% of the collections by Elkhorn Project, Inc. of a 7.7% public improvement fee charged on all transactions on the Elkhorn Property that are exempt from sales tax. This fee is expected to generate over $650,000 per year by 2015. The note would be full -recourse to all other assets and income of Elkhorn Project, Inc. Use of Funds The borrowed funds would only be used for Eligible Costs as defined in the RTA Explanation of Provisions 1. Exhibit E contemplates a loan of $7,000,000 to the Elkhorn Project, Inc. bearing interest at a rate of 3% and to be fully repaid within 10 years. The loan would be secured by a pledge of the PIF receipts from the projected (based upon the Economic Impact analysis these should total approximately $24, 000, 000 over 30 years). 2. Unlike expenditures on the project, a loan would not have an impact on the budget and thus would not require cuts in other expenditures. It would instead shift assets from unrestricted cash to a long-term note receivable. In fact, the proposed loan would positively impact the budget because the interest on the loan at 3% exceeds the current rate of return on these funds of 0.13%. On a $ 7, 000, 000 loan balance, this would result in $210, 000 of additional revenue. 3. As ofMarch 31, 2011, the Town had in excess of $20,000,000 in unrestricted cash reserves. Because of limitations on what these reserves can be invested in, most of these funds are held with ColoTrust which pays the Town 0.13% on these funds. This return is less than the rate of inflation. 4. We are not aware of there being any legal limitations on the ability of the Town to loan out these cash reserves. Although much of the cash reserve is in funds other than the general fund, the Town in the past has lent monies from these other funds (i. e. loan to the Housing Authority which was made in 2006, bears interest at a rate of only 0.38% and, while mostly repaid, was recently extended until June 2013. Onroin,( Financial Responsibility for the Project From Section B—Responsibilities of Elkhorn Project, Inc. 7. Upon completion of the Project, EPI shall be solely responsible for the operation and management of the Project. It is understood and agreed that EPI will enter into leases and development agreements with the operators of certain facilities within the Project delegating certain responsibilities to these operators but retaining oversight and authority as the lessor of the properties and facilities. It is understood and agreed that the Town shall not have any responsibility or obligation under such agreements. Explanation of Provisions 1. The Town will not have any ongoing commitments or financial responsibility for the project. Those duties will be the responsibility of Elkhorn Project, Inc. 2. If it is ultimately decided to relocate the Performing Arts Center to the Elkhorn Property site, the Town will be relieved of the responsibility for the construction, maintenance or operation of that facility. Timing of Actions F. Timing of Actions The parties shall act in such manner to by April 30, 2012 (i) execute the Water Rights Lease referred to in Paragraph 5 of both Section B and Section C, (ii) execute the Easement referred to in Paragraph 6 of both Section B and Section C and (iii) complete the annexation and rezoning of the ski -adventure park portion of the Elkhorn Property. The parties understand that such a deadline is subject to delays due to reasons beyond the control of either party but further understand that completion of such items by such dates is important in order for summer activities to begin in time for the 2012 summer tourism season. All other actions contemplated by this MOU shall be completed as soon as is practicable on or after such date. Explanation of Provisions 1. Between submittal of the RTA Application and the decision by the Colorado Economic Development Commission on whether or not it is successful, the MOU does not anticipate entering into contracts or formal actions. This will permit the parties to make their final decisions in the context of knowing whether or not there will be RTA funding. Preliminary planning work will continue during this time. 2. If the RTA Application is awarded it is important both for the Town and for Elkhorn Project, Inc. that work, particularly with respect to the ski/adventure park facilities, commence as quickly as possible in order for those facilities to begin generating revenue and tax receipts during the summer 2012 tourist season Other Provisions D. Governmental Immunity The parties agree and understand that the Town is relying on and does not waive, by any provision of this MOU, the monetary limitations or terms (presently One Hundred Fifty Thousand and 00/100 Dollars ($150,000) per person and Six Hundred Thousand and 00/100 Dollars ($600,000) per occurrence) or any other rights, immunities, and protection provided by the Colorado Governmental Immunity Act, Section 24-10-101, C.R.S., as from time to time amended, or otherwise available to the Town or any of its officers, agents or employees. E. Current Year Obligations The parties acknowledge and agree that any payments provided for by the town or requirements for future appropriations by the Town shall constitute only currently budgeted expenditures of the Town. The Town's obligations under this MOU are subject to the Town's annual right to budget and appropriate the sums necessary to provide the obligation set forth herein. No provision of this MOU shall constitute a mandatory charge or requirement in any ensuing fiscal year beyond the then current fiscal year of the Town. No provision of this MOU shall be construed or interpreted as creating a multiple fiscal year direct or indirect debt or other financial obligation of the Town within the meaning of any constitutional or statutory debt limitation. This MOU shall not directly or indirectly obligate the Town to make any payments beyond those appropriated for the Town's then current fiscal year. G. Notices Any notice required or permitted by this agreement will be deemed effective when personally delivered in writing or three (3) days after notice is deposited with the U.S. Postal Service, postage prepaid, certified, and return receipt requested, and addressed as follows: Elkhorn Project, Inc. Attn: President P01155 Estes. Park, CO 80517 Town of Estes Park Attn: Town Administrator P 0 Box 1200 Estes Park, CO 80517 Either party may change the address for notices by written notice to the other party. Explanation of Provisions 1. These are standard provisions substantially the same as provisions of other contracts entered into by the Town. 2. The language of Section E makes clear that the Town's financial commitment is subject to the budgeting process and that, until such further action is taken, there is no financial obligation. The sole exception to this is with respect to the undertaking for the Third Party Analyst fees. Memorandum to the Town of Estes Park, the Board of Supporters of the Performing Arts, Inc. and the Board of Elkhorn Project, Inc. May 25, 2011 A. Commitment to Existing MOU between the Town and SOPA • The Trustees of the Town Board on April 26, 2011 reaffirmed the Town's commitment to the construction of a performing arts center by extending the terms of the FOSH agreement. The importance of this vote of confidence to SOPA's fundraising efforts cannot be overstated. • SOPA is confident in its business plan and in its ability to successfully raise funds sufficient for construction to be commenced by September 2012 with a completion date of December 2013. • SOPA and Elkhorn Project, Inc. have had extensive discussions to explore the possibility of locating the performing arts center on the Elkhorn site. While this possible relocation offers many advantages and raises new concerns (each addressed in this memo), no one wants these discussions to in any manner be construed as reflecting a lack of commitment by SOPA to the construction of the performing arts center at the Stanley Fairgrounds site. • Any relocation of the performing arts center to the Elkhorn site probably can only occur if the Town's RTA application is approved bt the CCCCCCCCCCCCC. Inclusion of the performing arts center as a facility to be constructed under the Town's RTA application should enhance the appeal and likelihood of having the application approved. However, no one will have any assurance of that approval until at least March 2012. • The commitment of the FOSH funds to the construction of the performing arts center requires only that the project is deemed feasible by May 2012 and substantially completed construction by May 2015 and are not dependent upon the site selected. • The Town, SOPA and Elkhorn Project, Inc. should continue to discuss the possible relocation of the performing arts center to the Elkhorn site and should include the performing arts center as part of the Town's RTA application but, in doing so, will unrelentingly continue to move forward on the existing MOU with the performing arts center located on the Stanley Fairgrounds site. B. Action Items/Next Steps • A final decision on whether or not to relocate the performing arts center from the Stanley Fairgrounds site to the Elkhorn site does not need to be made at this time and should not be made until after the Colorado Economic Development Commission decides whether or not to approve the Town's RTA application. • The Town's RTA application should include the performing arts center and should refer to the parties considering a relocation of the facility to the Elkhorn site. SOPA's fundraising materials should refer to the possibility of a relocation of the performing arts center to the Elkhorn site if SOPA feels that doing so will enhance its fundraising efforts. Elkhorn Project, Inc. may refer to the possibility of a relocation of the performing arts center to the Elkhorn site in its communications with potential hotel operators if it feels that doing so will enhance its efforts to find a stronger hotel operator without unreasonably building up expectations. • The Town should confirm that the MOU between the Town and SOPA, including the Town's undertaking to provide an operating subsidy and to fund site improvement costs will be honored if the Town, SOPA and Elkhorn Project, Inc. ultimately decide to relocate the performing arts center to the Elkhorn site. However, it should be clearly stated that this confirmation does not constitute a decision on whether or not the facility should be relocated. • SOPA and Elkhorn Project, Inc. should finalize and enter into a letter of intent addressing a possible relocation of the performing arts center to the Elkhorn site without committing either party to a final decision regarding such a relocation. • During the next 9 months: o the Town and SOPA need to refine their understanding as to each party's obligations and financial responsibilities for the construction, maintenance and operational management of the performing arts center if it is kept at the Stanley Fairgrounds site; o SOPA will need to review its operating budget to determine the effect, if any, of SOPA's financial obligations for the building (i) in Tight of the refinement of SOPA's agreement with the Town if it is kept at the Stanley Fairgrounds site and (ii) in Tight of the terms negotiated with Elkhorn Project, Inc. if it relocated; o the Town should consider whether it is feasible or cost effective to refurbish the horse barns at their current location if the performing arts center was relocated to the Elkhorn site; o SOPA and Elkhorn Project, Inc. must review the plans for the Elkhorn site to determine whether adequate parking will be available for all events; o Elkhorn Project, Inc. and the Town may want to review the traffic impact of relocating the performing arts center at the Elkhorn site, may want to commission a traffic impact study and may want to review at least preliminary estimates of any traffic improvements and explore possible sources of funding for such improvements. • The Town, SOPA and Elkhorn Project, Inc. should do everything possible so that they will be in a position to (i) meet immediately after the Colorado Economic Development Commission makes a decision on the Town's RTA application and (ii) reach a final decision on whether or not to relocate the performing arts center to the Elkhorn site within 45 days after the Commission's decision. A decision to relocate will require all three parties agreeing that such is desirable. • Until a final decision is made, each of the parties should in public statements adhere to the position that the three parties are considering a possible relocation, are still committed to building the performing arts center at the Stanley Fairgrounds site if it is not relocated, and that no final decision will be made until approximately April 2012. This Memorandum was jointly prepared by Stan Black, a board member of SOPA and Curt Gleaves, a board member of Elkhorn Project, Inc. We submit this to the Town and to the boards of directors of the two organizations to aid in their consideration of the issues discussed. We would welcome further dialogue regarding these issues. TOWN or FATES PARI Memo To: Honorable Mayor Pinkham Board of Trustees Town Administrator Halburnt From: Gregory A. White, Town Attorney Reuben Bergsten, Utilities Director Jeff Boles, Water Superintendent Date: June 9, 2011 RE: Memorandum of Understanding — Elkhorn Project — Water Lease This is a brief summary of the terms and conditions to Exhibit B — Terms of Lease of Water Rights to the proposed Memorandum of Understanding between Elkhorn Project Inc. in the Town of Estes Park. The payments set forth in Exhibit B were determined as follows: (i) The market value for Windy Gap water, from the information available to the Town, is the cost to an entity of the Windy Gap water at the date of sale and the assumption of all outstanding debt obligations for all Windy Gap water transferred. As of June, 2011, the approximate cost to the Town of its Windy Gap water per acre-foot is $8,300. The $33,323.76 payment per year for 20 years is the amortization of the $332,000 at 8% (40 acre-feet of water times $8,300). (ii) Currently, the delivery charge of each acre-foot of Windy Gap water is approximately $120. This amount varies each year due to fluctuation in energy costs for pumping, carriage charges, and the volume of water through the Adams Tunnel. (iii) An annual administrative cost of $5,000.00 reimburses the Town for all necessary administrative costs in administering this Lease Agreement. (iv) Currently, there is an assessment charge of $30.00 per acre-foot of Windy Gap water owned by each Participant in the Windy Gap Project. This assessment is reviewed annually by the Municipal Subdistrict and is used to provide for operation and reserve costs for the Windy Gap Project. It is anticipated that this annual assessment may increase in future years. (v) The water revenue bonds issued by the Municipal Subdistrict for the construction of the Windy Gap Project are payable through 2017. $210.00 is the approximate sum per acre-foot for the Town of Estes Park's obligation to the Municipal Subdistrict to pay its portion of the bond payments on a per acre-foot basis. This obligation will no longer exist at the end of 2017. Page 2 Memorandum of Understanding Between the Town of Estes Park and Elkhorn Project, Inc. Entered into as of May , 2011 This Memorandum of Understanding (MOU) is being executed by the parties listed below: 1. The Town of Estes Park, Colorado (the "Town") 2. Elkhorn Project, Inc. ("EPI") A. Purpose This MOU establishes and delineates the responsibilities and understandings between the two parties regarding the preparation of an application for a regional tourism project (the "Project") under the Colorado Regional Tourism Act (the "Application") and the design, planning and development of Eligible Improvements (the "Facilities") pursuant to that Project. The Project enhances the Town's position as a premier mountain resort community and furthers the Town's guiding principles of strengthening the economic vitality, preserving the Town's unique character and history and enhancing recreational and cultural opportunities. B. EPI and its Role and Responsibilities 1. Article II, Section 8 of EPI's Restated Articles of Incorporation provides in part that "In the event of the dissolution and liquidation of [Elkhorn Project, Inc.], to the extent allowed or permitted under applicable laws, the property and assets of the corporation shall be, as determined by the Board of Directors, distributed to or sold and the proceeds of such sale distributed exclusively to the Town of Estes Park Colorado or such other organization(s) organized and operating exclusively for religious, charitable, scientific, education, or other purposes permitted by Section 501(c)(3) of the Internal Revenue Code, as amended, as may be designated by the Town of Estes Park, Colorado, in each instance subject to the debts and contractual leasehold and other obligations of the corporation." EPI agrees not to amend or alter this provision in any manner without the consent of the Town, which consent will not be unreasonably withheld or delayed. The Town shall not be obligated to accept any property and/or assets of EPI upon dissolution. 2. EPI, at its sole expense, shall retain a planning and design consulting firm to assist in the preparation of the Application to be submitted by the Town. EPI, at its sole expense, shall retain an economic consulting firm to prepare economic impact information to be included in the Application. EPI shall be solely responsible for compiling this information and preparing the balance of the Application (except for the listing of businesses required by Item 3 of the Application). EPI shall be primarily responsible for responding to any requests from the Colorado Economic Development Commission or the Colorado Office of Economic Development and International Trade Elkhorn Project Memorandum of Understanding Page 1 of 12 for the submission of additional materials or clarification of the Application. EPI shall be primarily responsible for providing to the Third Party Analyst selected by the Colorado Office of State Planning and Budgeting with data, assumptions and other information as may be requested. EPI's responsibilities under this Paragraph 2 shall be without any out-of-pocket expense being incurred by the Town in connection with the preparation of the Application. 3. EPI, at its sole expense, shall acquire the Elkhorn Lodge real property (the "Elkhorn Property"). EPI agrees to execute and deliver to the Town any and all applications or other documents that may be necessary in order for the Town to complete consider the annexation of the 40 acre parcel known as Larimer County parcel number 35261-00- 001 4. EPI agrees to execute and deliver to the Town any and all applications or other documents that may be necessary in order for the Town to rc zoncconsider re -zoning the Elkhorn Property in such a manner that as the Project or the facilities to be constructed and operated as part of the Project may require. 5. EPI agrees to enter into a water rights lease with the Town on the terms set forth in Exhibit B of this MOU. EPI's may sublease all or a portion of its rights and obligations under this water rights lease to the operator of the ski/adventure park but EPI understands and agrees that any such sublease will not relieve EPI of its obligations to the Town under such water rights lease. 6. EPI agrees to purchase an cascmcntlease from the Town with respect to use of a the parcel of undeveloped land (approximately one acre in size) known as Larimer County parcel number 35261-09-901on the terms set forth in Exhibit C of this MOU. EPI's rights and obligations under this casement lease will be assignable by EPI to the operator of the ski/adventure park but EPI understands and agrees that any such assignment will not relieve EPI of its obligations to the Town under such cascmcntlease. 7. Upon completion of the Project, EPI shall be solely responsible for the operation and management of the Project. It is understood and agreed that EPI will enter into leases and development agreements with the operators of certain facilities within the Project delegating certain responsibilities to these operators but retaining oversight and authority as the lessor of the properties and facilities. It is understood and agreed that the Town shall not have any responsibility or obligation under such agreements. C. The Town's Role and Responsibility 1. The Town agrees to assist EPI in connection with the preparation and review of the Application to the extent that information needed for the Application is within control of the Town, including without limitation, the listing of businesses required by Item 3 of the Application. The Town will submit the Application to the Colorado Office of Economic Development and International Trade on or before the deadline for submission (as such Elkhorn Project Memorandum of Understanding Page 2 of 12 may be extended). The Town, as the Applicant, will be solely responsible for the fee of the Third Party Analyst selected by the Colorado Office of State Planning and Budgeting. However, the Town may, in its sole discretion, withdraw the Application after submission and prior to the Application being given to the Third Party Analyst without incurring any costs related to the Third Party Analyst. 2. The Town shall request that the Colorado Economic Development Commission, pursuant to the Regional Tourism Act, create a regional tourism authority for the purpose of serving as the Financing Entity for the project referred to in the Application and that the geographic boundaries of the Estes Park Tourism Authority be co- extensive with the eity-Town limits of the Town of Estes Parkas such may change during the duration of the authority. The Town shall recommend the appointment of the five individuals named on Exhibit A to this MOU to serve as the initial members of the governing board of the Estes Park Tourism Authority. 3. The Town agrees to enter into an intergovernmental agreement with the Estes Park Tourism Authority pursuant to which the Town will provide the Estes Park Tourism Authority with accounting, legal and support services, at least during its organizational period. Under this intergovernmental agreement, the Estes Park Tourism Authority will reimburse the Town for the allocated cost of these services with such reimbursement considered an Eligible Cost to be paid from incremental state sales tax revenues received by the Estes Park Tourism Authority. 4. The Town agrees to take such actions as may be necessary or appropriate to consider the annexation of the 40 acre parcel known as Larimer County parcel number 35261-00-001. The Town further agrees to take such actions as may be necessary or appropriate to consider the re -zoning of the Elkhorn Property and the Town's 1-acre parcel in such a manner as the Project or the facilities to be constructed and operated as part of the Project may require. It is understood and agreed that such actions may require public notice, public hearings and formal action by the Board of Trustees of the Town and/or of the Planning Commission of the Town. The Town agrees to waive all fees related to the annexation, re -zoning, any special use plan review, development plan review and any other planning approvals that may be required in connection with the Project. 5. The Town agrees to enter into a water rights lease with EPI on the terms set forth in Exhibit B of this MOU. 6. The Town agrees to grant EPI an easement with respect to use of a parcel of undeveloped land (approximately one acre in size) known as Larimer County parcel number 35261-09-901 on the terms set forth in Exhibit C of this MOU. 7. If the Town's Application is approved by the Colorado Economic Development Commission, the Town agrees to meet with EPI and Supporters of the Performing Arts, Inc. ("SOPA") to consider whether or not it may be preferable to relocate the Estes Park Performing Arts Center to the Elkhorn Property location. The Town agrees that, if it is ultimately decided that the Estes Park Performing Arts Center is to be relocated to the Elkhorn Project Memorandum of Understanding Page 3 of 12 Elkhorn Property location, all terms of the Town's existing memorandum of understanding with SOPA, as previously amended, (the "SOPA Memorandum of Understanding") shall remain in full force and effect and shall apply with respect to the Estes Park Performing Arts Center on such relocated site. Without limiting the foregoing, it is understood and agreed that the Town's obligation under Paragraph 2 of Section C of the SOPA Memorandum of Understanding shall be interpreted as applying to improvements necessary for the Estes Park Performing Arts Center on the relocated site. Nothing in this MOU commits the Town, EPI or SOPA to agree to any relocation of the Estes Park Performing Arts Center from its current planned location at the Stanley Park Fairgrounds. 8. If the Town's Application is approved by the Colorado Economic Development Commission, the Town agrees to consider providing, at the Town's sole expense, the site preparation, utility and infrastructure improvements in support of the Project as set forth in Exhibit D of this MOU. It is understood and agreed that all these site preparation, utility and infrastructure improvements are in addition to the obligations of the Town under the SOPA Memorandum of Understanding. It is further understood and agreed that all site preparation, utility and infrastructure improvements not set forth on Exhibit D of this MOU or otherwise covered by the SOPA Memorandum of Understanding, including such improvements as may be required as a condition of approval of the Project's development plan, shall be the sole responsibility of EPI at its sole expense. 9. If the Town's Application is approved by the Colorado Economic Development Commission, the Town agrees to consider providing the financial support of the Project in the manner set forth in Exhibit E of this MOU. D. Governmental Immunity The parties agree and understand that the Town is relying on and does not waive, by any provision of this MOU, the monetary limitations or terms (presently One Hundred Fifty Thousand and 00/100 Dollars ($150,000) per person and Six Hundred Thousand and 00/100 Dollars ($600,000) per occurrence) or any other rights, immunities, and protection provided by the Colorado Governmental Immunity Act, Section 24-10-101, C.R.S., as from time to time amended, or otherwise available to the Town or any of its officers, agents or employees. E. Current Year Obligations The parties acknowledge and agree that any payments provided for by the town or requirements for future appropriations by the Town shall constitute only currently budgeted expenditures of the Town. The Town's obligations under this MOU are subject to the Town's annual right to budget and appropriate the sums necessary to provide the obligation set forth herein. No provision of this MOU shall constitute a mandatory charge or requirement in any ensuing fiscal year beyond the then current fiscal year of Elkhorn Project Memorandum of Understanding Page 4 of 12 the Town. No provision of this MOU shall be construed or interpreted as creating a multiple fiscal year direct or indirect debt or other financial obligation of the Town within the meaning of any constitutional or statutory debt limitation. This MOU shall not directly or indirectly obligate the Town to make any payments beyond those appropriated for the Town's then current fiscal year. F. Timing of Actions The parties understand that the current timelines for Application under the RTA are as set forth on Exhibit F. The parties shall act in such manner to by April 30, 2012 (i) execute the Water Rights Lease referred to in Paragraph 5 of both Section B Section C, (ii) execute the Easement referred to in Paragraph 6 of both Section B and Section C and (iii) complete the annexation and rezoning of the ski -adventure park portion of the Elkhorn Property. The parties understand that such a deadline is subject to delays due to reasons beyond the control of either party but further understand that completion of such items by such dates is important in order for summer activities to begin in time for the 2012 summer tourism season. All other actions contemplated by this MOU shall be completed as soon as is practicable on or after such date. If the timelines for applications under the RTA are delayed from those set forth on Exhibit F, the timing of actions under this MOU will be reviewed and, if necessary, revised. G. Notices Any notice required or permitted by this agreement will be deemed effective when personally delivered in writing or three (3) days after notice is deposited with the U.S. Postal Service, postage prepaid, certified, and return receipt requested, and addressed as follows: Elkhorn Project, Inc. Attn: President P01155 Estes. Park, CO 80517 Town of Estes Park Attn: Town Administrator P 0 Box 1200 Estes Park, CO 80517 Either party may change the address for notices by written notice to the other party. Elkhorn Project, Inc. Frank Theis, President Town of Estes Park William C. Pinkham, Mayor Attest: Jackie Williamson, Town Clerk Elkhorn Project Memorandum of Understanding Page 5 of 12 Memorandum of Understanding Between the Town of Estes Park and Elkhorn Project, Inc. Exhibit A Recommended Members of the Initial Governing Board of the Estes Park Tourism Authority Appointed by the Colorado Economic Development Commission Person A Term expires April 30, 2016 Business Address [Commercial property owner of property within the Town of Estes Park] Additional background information Person B Term expires April 30, 2014 Business Address [Commercial property owner of property within the Town of Estes Park] Additional background information Appointed by the Town of Estes Park William C. Pinkham Address Mayor of the Town of Estes Park Additional background information Person C Address [Community at -large representative] Additional background information Person D Address [Community at -large representative] Additional background information Term expires April 30, 2016 Term expires April 30, 2016 Term expires April 30, 2014 Elkhorn Project Memorandum of Understanding Exhibit A Memorandum of Understanding Between the Town of Estes Park and Elkhorn Project, Inc. Exhibit B Terms of Lease of Water Rights Lessee Elkhorn Project, Inc. and its assigns Water Rights Maximum of 40 acre-feet of the Town's Windy Gap Water each calendar year to be drawn by Lessee from Fall River Duration An initial term of 25 20 years with five 5 year options to renew Payments Lessee shall pay the Town: (i) An annual rent payment of $ $33,323.76 for each year of the Lease which payment is non-refundable and due regardless of actual use (ii) A usage charge of $ $120.00 per year for each acre foot of water uscd ordered (iii) Reimbursement of administrative costs associated with this lease in an amount of $ $5,000.00 upon execution of the lease and $ $5,000.00 for each year of the Lease which payments are non-refundable and due regardless of actual use (iv) An assessment charge of $30.00 per acre-foot (v) A charge of $210.00 per acre-foot for the years 2013-2017 which is nonrefundable and due regardless of use Use of Leased Water Water supplied pursuant to Lease will be used for snowmaking and misting of artificial sliding surface for tubing and beginner ski hill. Limitations on Use The Lease will contain provisions written to ensure that the Lessee's drawing of water from Fall River is conducted at times and in a manner that it will not reduce stream flow to levels that would adversely impact either wildlife or aesthetics. Option to Renew The Option to Renew shall contain a provision that the terms and conditions of the Lease shall be renegotiated between the parties to reflect the then current value of Windy Gap water, cost of usage of Windy Gap water, and any other relevant factors with regard to the delivery and use of Windy Gap water pursuant to the Town's agreements with the Municipal Subdistrict, Northern Colorado Water Conservancy District. Elkhorn Project Memorandum of Understanding Exhibit B Adjustments The payments set forth set forth in sub -sections (ii) and (iv) shall be adjusted yearly to reflect the actual cost to the Town of delivery of an acre-foot of Windy Gap water and the yearly assessment to •the Town for ownership of Windy Gap water. The amounts currently set forth in sub -section (ii) and (iv) are the current charges associated with the ownership, use and delivery of Windy Gap water to the Town. Elkhorn Project Memorandum of Understanding Exhibit B Memorandum of Understanding Between the Town of Estes Park and Elkhorn Project, Inc. Exhibit C Terms of EascmcntLease Grantee Elkhorn Project, Inc. and its assigns Subject Property All of Larimer County Parcel No. 35261-09-901 Purchase PriccLease Payment $1.00 and other good and valuable consideration per year Permitted Uses Grantee Lessee and its assigns may use the subject property for the construction, development and operation of (i) a tubing hill, (ii) an alpine coaster ride, (iii) a zip -line ride, (iv) mountain bike trails, (v) downhill ski/snowboard runs and (vi) lifts and trails providing access to any of the foregoing. Ancillary Uses Grantcc Lessee and its assigns may modify the terrain, cut and remove trees and brush and attach structures to the subject property as necessary for the construction, development and operation of the permitted uses. Grantcc Lessee and its assigns may conduct snowmaking operations on the subject property. Prohibited Uses Grantcc Lessee and its assigns shall not commit any waste on the subject property, shall minimize to the extent reasonable and practicable the modification of terrain and the cutting of live trees. Grantee may not install on the subject property any lighting for night use of the subject property. Retained Rights Grantor retains all rights to the subject property that arc not inconsistent with and that would not adversely impact thc rights granted under thc ascmcnt. DurationLease Term The ascmcnt Lease shall be perpetual in duration providcd20 years with 5 year options to renew., however, that if If the Grantcc Lessee or the Grantce'sits assigns cease to use the property for the permittcd uses for a period of12 consecutive months or more, the Lease shall terminate assigns written noticc of intent to terminate the casement. The casement will tcrminatc if thc Grantcc or its assigns fails to use thc property for the permittcd uscs within 180 days of receipt of any noticc of intcnt to terminate thc casement. Elkhorn Project Memorandum of Understanding Exhibit C Memorandum of Understanding Between the Town of Estes Park and Elkhorn Project, Inc. Exhibit D Site Preparation, Utility and Infrastructure Improvements to be Performed by the Town of Estes Park in Support of the Project If the RTA application is successful, the Town of Estes Park will consider making or funding the some or all of the following improvements associated with the Elkhorn Project. The Town would coordinate these projects with the Colorado Department of Transportation and the Corp of Engineers as necessary. Improvement Projects Construction of a New Bridge (using old Hwy 34 Trusses) Entrance Road and Sidewalk (150 lineal feet) Riverwalk Connection (on site) Fall River Restoration and Improvements Improvements along North Bank of Fall River Site Preparation for Parking Garage Maximum Aggregate Expenditure by the Town $1,000,000 Memorandum of Understanding Between the Town of Estee Park and Elkhorn Project, Inc. Exhibit E Additional Financial Support to be Provided by the Town of Estes Park in Support of the Project (to be negotiated] Elkhorn Project Memorandum of Understanding Exhibit E Memorandum of Understanding Between the Town of Estes Park and Elkhorn Project, Inc. Exhibit F Application Timelines under the Regional Tourism Act (as of May 10, 2011) (Updated Timeline (April 14, 2011) from State will be added here) Elkhorn Project Memorandum of Understanding Exhibit F Regional Tourism Act Updated Timeline April 14, 2011 Timeline for Application Submission and Review* Deadline Dates Thursday, June 30, 2011 Thursday, July 14, 2011 Thursday, July 21, 2011 Action Item Local Government submits complete application to OEDIT Applicants notified by OEDIT of any missing or incomplete items Tuesday, August 2, 2011 Tuesday, August 9, 2011 Friday, November 4, 2011 Monday, November 21, 2011 Thursday, December 20, 2011 Tuesday, December 27, 2011 Tuesday, January 10, 2012 Thursday, February 9, 2012 Thursday, March 1, 2012 Thursday, March 1, 2012 Applicants submits all missing or incomplete items to OEDIT Final application review concluded by OEDIT and payment requested (certified check/cashiers check) from Applicant for Third Party Analyst Payment due from Applicant and forwarded to theThird Party Analyst along with the application. Third Party Analyst completes independent analysis and copy of report is forwarded to Applicant If deemed necessary, Applicant submits an independent analysis revision request to OSPB Third Party Analyst completes revision of independent analysis and copy of final report is forwarded to Applicant upon receipt of payment for revision Applicant submits final report from Third Party Analyst to OEDIT to finalize application OEDIT Director reviews application and forwards to Local Communities for comments Final comments due back from Local Communities EDC public hearing meeting to review Regional Tourism Project applications EDC public hearing meeting to approve/deny Regional Tourism Project applications *Dates subject to change as necessary. The timing of the application review by the Third Party Analyst may extend beyond two months, dependent on the quantity of applications received by OEDIT. All Applicants must submit one original (with original signatures), one hard copy and one electronic copy of the application and the final report from the Third Party Analyst by 5:00 p.m. on or before the corresponding deadline dates. Applicants shall not knowingly submit an incomplete application. A Second Cycle may be offered if two Projects are not selected during the First Cycle review. All timelines/deadlines are subject to change throughout this process at the discretion of the EDC.