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Home My WebLink AboutPACKET Community Development 1992-09-03e.t ES , tj AGENDA COMMUNITY DEVELOPMENT COMMITTEE Thursday, September 3, 1992 10:00 A.M. Page 1. Conference Center a. First Year Operating Report 1-8 b. Fall Transportation Proposal 9. c. Art work 10 2. Advertising Program 11 - 15 3. Housing Report 16 - 23 4. Reports a. Art Exhibit (Polly Garrett) b. History Fair (Polly Garrett) 5. Museum Report 24 6. . Ad j ournment U~ NOTE: The Community Development Committee reserves the right to consider other appropriate items not available at the time the agenda was prepared. D :RAA Ap<Â· &1 41 , 4,40 8*904 69*4*1' 612 \ Â·...Cum=%23*,f=5-6/.In.lill".Ill./1/0/A FIRST YEAR REPORT With the first twelve months of operations complete at the Estes Park Conference Center, the Community Development Department has reviewed the performance of the Center. Local Use: Thirteen local events were held during the first year, with over 18,500 people supporting these events. Conference Use: Bookings more than doubled the number of conferences estimated for the first year. The feasibility study projected 6,000 attendees for the f irst year. Actual number of conference attendees exceeded 13,935 during the first year. Conference size ranged from 100 people to over 1,100. Future Conference Bookings: A listing of future conferences booked in the conference center are on pages 6 & 7. Browne, Bortz & Coddington, Economic Impact Model BBC's conference center use projections are on page 8. 1. DENVER SALES OFFICE P.O. BOX 3582 ENGLEWOOD, COLORADO 80155-3582 (303) 779-5506 1991-92 TWELVE MONTH SUMMARY OF CONFERENCE CENTER USE STATISTICAL DATA Conference Attendees 13,935 people (1) Average length of stay 2.3 days Average hotel rate $52.50 15% drive in for meetings daily 2,090 51% use single occupancy 7,107 34% use double occupancy 4,738 Conference Spending Breakdown 2.3 days Hotel- Single Occupancy 120.75 (2) Conference food & beverage 27.50 (3) Other restaurants 27.50 Hospitality Suites/coffee breaks 12.50 Entertainment 12.50 Retail sales 20.50 Miscellaneous 10.50 TOTAL PER PERSON SINGLE OCCUPANCY $231.25 Hotel - Double Occupancy 60.37 (2) Conference food & beverage 27.50 (3) Other restaurants 27.50 Hospitality Suites/coffee breaks 12.50 Entertainment 12.50 Retail sales 20.50 Miscellaneous 10.50 TOTAL PER PERSON DOUBLE OCCUPANCY $170.87 Average spending per day by conferees who $40.00 drive daily. (1) Actual registration count (2) Actual rates (3) Spending for these categories was supplied by the International Association of Convention & Visitors Bureau for Conference Hotels, 1990-91. 2. . I FINANCIALS Total Operating Expense Mortgage on Conference Center 151,599 Utilities on Conference Center 54,700 Marketing & Sales of Conf. Center 144,510 TOTAL EXPENSES $350,809 Conference Revenues to Community 7,107 conferees @ $231.25 $1,643,495 4,738 conferees @ $170.87 809,582 2,090 conferees @ 40.00 83,600 13,935 CONFEREES TOTAL SPENDING $2,536,675 Conference Center Attendance Conferees 13,935 Events 18,475 Catering/Day Meetings 6,326 TOTAL USERS OF CONFERENCE CENTER 38,736 people Extended Economy The concept of a multiplier is illustrated by an example where $100 is invested in the community. A multiplier of 1.5 says that the total economic impact on income will be $150, including the original $100. As money is expended locally, a portion escapes the community. The multiplier is the regional dollar purchase and that part of the dollar that remains in the community on various turnovers. Generally, the smaller the area, the smaller the multiplier. Browne, Bortz and Coddington, Estes Park's Economic consultant, established a multiplier of 1.2 for Estes Park. Thus, the extended economic impact of the conference center would be: $2,536,675 x 1.2 = $3,044.010 3. ESTES PARK CONFERENCE CENTER CONFERENCES OF 100 PEOPLE OR MORE September 1991 - August 1992 September, 1991 E.M.S. Mountains & Plains Conference 150. Ricker Casting Museum 500 Quota International 125 Rocky Mountain Plant Food 200 Sandblasters 100 October, 1991 National Park Service 200 Electric Public Power 650 American Planning Association 250 Energy Diversion Council 125 Platte River Power Authority 100 D.E.C.A 120 American Public Works Assn. 150 November, 1991 Creative Ministries 100 Christian Church 200 B.P.B. Innkeepers Assn. 100 American Legion Conference 250 ORIS Computers 130 December, 1991 D.E.C.A. 300 Western Area Power Assn. 120 January, 1992 The Group 120 Ricker Casting Museum 130 February, 1992 U. S. Park Service 100 Colo. Assn. of School Boards 150 American Public Works Assn. 110 Greeley 4-Square 100 March, 1992 Denver District Attorneys 150 April, 1992 First Christian Women 300 Colorado National Guard 500 4. May. 1992 Elks Quarterly State Convention 1,100 Colorado Board of Realtors 300 Denver Public Library 125 Church of God 150 IDS American Express 150 Ricker Casting Studio 150 Rotary District Convention 500 June, 1992 Schwan Sales 125 A.B.D.A. 150 Wool Market 200 Colorado Quilters Conference 450 Colorado Broadcasters Assn. 260 July, 1992 Young Calvinists Federation 375 Colorado Ready Mix Assn. 130 August, 1992 Colorado Assn. Police Chiefs 122 Fraternal Order of Police 100 Colorado Corn Growers Assn. 100 5. . FUTURE CONFERENCES BOOKED 1992 Number Sept. 20 - 21 Colorado District Attorneys 450 25 - 27 Colorado Assn. of Swim Coaches 300 28 - 30 American Public Works Assn. 150 Oct. 1-4 Rocky Mountain Baptist Women 300 13 - 16 Organization of Victim Assistance 500 16 - 18 Rural EMS Mountains & Plains Conf. 150 20 - 23 Energy Diversion Council 100 23 - 25 CRCNA (Narcotics Anonymous) 300 Nov. Dec. 4-6 DeKalb Chemical 150 1993 T Mar. 18 - 20 Int'l Assn. of Financial Planners 110 Apr. 15 - 18 CSU - Schools of Construction 300 23 - 25 NARFE 150 30 - May 2 Far Western Conf. of Opticians 350 T May 12 - 14 Colorado Juvenile Council 350/400 14 - 16 Joyce Meyer Ministries 350/400 T 26 - 28 Law Enforcement Secretaries 150 28 - 31 Suzuki Association 200 Jun. 2- 5 Colo. Activity Professionals Assn. 125 T 11 - 13 Rotary District Conference 400 16 - 18 Colorado Assn. of Realtors 360 23 - 27 American Legion State Conf. 300/ACO Sept. 15 - 19 Rotary Western Regional Conf. 350 27 - 30 Snow & Ice Conference 1,100 Oct. 2-9 Multi-Financial Group 350 15 - 18 Emergency Medical 150 1994 Jun. 2-5 Lions State Convention 700 9 - 10 Wool Market 23 - 25 Colorado Broadcasters Assn. 260 Quilters State Conf. 450 T - Tentative 6. 1995 May 10 - 14 Colo/Wyoming Assn. of Museums 200 June 2- 5 National Arthritis Foundation 150 8 - 9 Wool Market T 11 - 17 Model A Ford Club 1,400 Wool Market Oct. 13 - 15 Rky. Mtn. Skyline Bookstores 300 7. , 0 0 in CO hor- m m CO N 77 I I h NO â€¢ .. 91â€¢mol LO m Ch M 46* ,-1 0 0 A O A O 0 91 r-1 1-1 N 00 â€¢ O CO 914 m Al 91â€¢ m 4 - Â·14 N LO r-1 Mahal g .0-1-1 m O LO 4* N CO â€¢ ~10 m 0 0 1 O ON ID co Or- 1- N V â€¢ r-1 N 91' N ,-1 4' m . . Â·EA Co r-1 N A Lr)00 0 0 COL(11(1 9-10 â€¢OO m N ,-1 H m O N â‚¬A . I CO h to (1) 0 CC fc! U Ul <4414-1 0 0 0/9 ,-1 U 01 A CI] c rd re (1) 4-1 01 -1 W 01 14 Â·-1 %4 01 71 (D C O Z Ord O C 0 -1.1 4-1 0 0 0 Z < 4 -â€¢4 2 -4 4 4 0 co 0 0 X 8. Â·A 0-4 rd >M> 64 YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 OEE'999'E$ OOZ'EZ6'ES 986'0EE'Z$ 009'689'I$ 009'Â£66$ seinq.Tpuedxa ITE#aN IE4Oi, 01'Â£59'9D'I$ 00'816'9II$ ED''6EZ'E6$ 00'*89'L9$ 00'*D'L'6â‚¬$ C N ' ) s*ITeoea xem sales -renuuy Nights 35,972 hts (2.5 person/room) 14,389 ESTES PARK CONFERENCE ECONOMIC IMPACT MODEL Visitation s umptio Confere vera e umber of Attendees xpenditures Per Day Beverage Retail I '' I . September 2, 1992 8'EMORANDUM TO: Community Development Committee Wk FROM: Steve Stamey t.i-4 ,g SUBJECT: Fall Transportation Contract - Conference Center The Town of Estes Park has received proposals for transportation services from the Estes Park Trolley Corp. and Charles Limousine. The services are to be provided for four Fall conferences. Cost proposals for this service are as follows: Estes Park Trolley - $5,140 Charles Limousine - $7,077 Staff recommends awarding the Fall transportation service contract to ESTES PARK TROLLEY CORP. 9. '' a I September 1, 1992 MEMORANDUM TO: Community Development Committee 1. 1 FROM: Steve Stamey %26 SUBJECT: Conference Center Artwork The Cultural Arts Council of Estes Park (CACEP) and the Town of Estes Park have proposed that the Estes Park galleries participate in an art show for September 11, 1992 through June 30, 1993. The show would be titled "Art Around Estes Park - Presented by the Galleries of Estes Park Association." Staff requires authorization to proceed with the art loan agreements and art placement. SLS: cj 10. Advertising/Community Development Department 9/3/92 Program Update: 1. Year to Date Packet Requests as of the end of August: Packet Requests - 63,462 7.5% over same period 1991 Graphs showing Year to Date Totals and Totals by Month 2. Year to Date Telephone Inquiries as of the end of July: Telephone calls - 42,775 20.2% over same period 1991 Graphs showing Year to Date Totals and Totals by Month 3. Fall 4-color, full-page ad example 11. 4 Estes Park Packet Requests Estes Park Adve rtising Program 70 j 63,462 59.001 60-f 47-Â£474 50 -* 20-~ ......... ...................... 10-' ............................... 0/ 1989 1991 1990 1992 TABLE I: Year-to-Date August 12. (Thousands) Packet Requests by Month Estes Park Advertising Program .......................................... .....~ ........................................... ............. JAN MARCH MAY JULY FEB APRIL JUNE AUGUST TABLE la 1989 I 1990 ~ 1991 FFÂ¥0 1992 .. . 0. . ..1 --1 , Estes Park Telephone Inquiries Estes Park Adve rtising Program 42,775 401 ...................... 35,559 35-~ ................................ 30 -* 26,726 25 -' .............................. 21,293 ............................... 0/ ........ 10... 5-, 1-/.1.Im --- : 1989 1991 1990 1992 TABLE 11: Year-to-Date JULY 14. (Thousands) Telephone Inquiries by Month Estes Park Advertising Program 12- 10- 0 - ..................................... ..............- ..........~.................. ............ ...... 0 - 1 1 1 1 1 JAN MARCH MAY JULY FEB APRIL JUNE TABLE Ila ~ 1989 ~ 1990 &8 1991 F#Fl 1992 15. (Thousands) h ,43 4~:2 5 TOWN OF ESTES PARK 1 5 _-~R%;f~C /2/6 0. /79-3 .Â· aÂ·, jr uy *t **2. 21Â·.i 4.* R 45 >mÂ«efir.,Â·$.x ' Na- l-Â·0 -5; Â· Th September 1, 1992 MEMORANDUM TO: COMMUNITY DEVELOPMENT COMMITTEE FROM: Steve Stamey, Community Development Director SUBJECT: Housing Recommendations As conclusion to the efforts of the Housing Study Group , the following recommendations are submitted to the Community Development Committee: 1. Town Of Estes Park establish a Housing Authority served by existing staff and a five member advisory committee. 2. The Housing Authority would facilitate development of affordable housing. A. Public/private partnerships. B. State/Federal programs. C. Agency subcontract administration. 3. Town adopt incentives to encourage development of affordable housing by the private sector. A. Waive building permit fees. B. Waive water tap fee. C. Modify the zoning regulations to allow up to 15 dwelling units per acre, subject to special review, excellent site and building design. A pre-application conference for an 16. 303)586-5331 â€¢ RO. BOX 1 200 â€¢ ESTES PARK, CO 80517 â€¢ FAX (303) 586-281 6 ADMI N ISTRATION â€¢ FAX (303) 586-6909 OTH ER D f. I I September 1, 1992 Page 2 affordable housing development is required. This would include representatives of the applicant, Planning Commission, Housing Authority and staff. D. No more than 30 dwelling units will be permitted in one development/location. E. The Housing Authority will request that UTSD and EPSD waive sewer fees. F. Town consider applying for available grants to assist an affordable housing project. 4. Affordability. A. Define affordability as 80% or less of median household income. B. Guarantee affordability for 20 years through deed restriction. 5. Project. A. Town Housing Authority lead with development of a moderate income housing project. SLS: c j Attachments: Sample Project Pro-Forma Continuum of Housing Needs 17. D ... .. CREATING A LOCAL HOUSING AUTHORITY The legislation identifying steps for the creatibn of a housing authority are contained in the Colorado Revised Statutes 29-4-204. A summary of the basic steps are as follows: Step 1: A petition setting forth that there is a need for a housing authority is signed by 25 residents and filed with the town clerk. Step 2: A date is established for a public hearing and public notices are provided. Step 3: If the town board determines that unsafe or unsanitary dwelling conditions exist, or there is a lack of safe or sanitary dwellings, the board passes a resolution so stating and requests the mayor to appoint a five commissioner board. The board may provide that all members of the governing body shall ex officio be appointed commissioners of the authority. Step 4: A certificate is signed by the commissioners and then filed with the Department of Local Affairs. Upon filing with the Department of Local Affairs, the housing authority is established. The Authority then should develop By-Laws and Articles of Incorporation. KEY PROVISIONS OR POWERS OF A HOUSING AUTHORITY Local Housing Authorities are, by State enabling legislation, granted the following powers: (29-4-209) 1. The authority to investigate dwelling and housing conditions and to explore means and methods to improve them. 2. The power to issue bonds and the authority to borrow monies. 3. The authority to buy, sell, manage and lease real estate. 4. The authority to construct housing. A more detailed listing of the powers of a local housing authority are contained in C.R.S. 29-4-209. 18. vL'11 -10 -L.LI w VIA W. ..U, VV .....,-, 4.--1.-6-.0 ,... 4 1 i BON,MA?E \440Â¥*t <6090 - r&090 0 f Vkght A A) , i' 4 14 693 -Ul'~5/8%Â·ip>~ \|(St-1 64.0 - Futsr Tlet,1 CAL,),ME 4361 - 4 Sal f AO 1*044,12(J~1 Â¢ 245 rtc /ABLESS p\,1 lucer iE/}lE 0/UNS 19. AFFORDABLE HOUSING PERFORMA Aug 26, 1992 (PERFORMF) 9% /30YR LOAN PROPERTY TAX PAID DEPRECIATION TAKEN 24 24 24 24 UNITS UNITS UNITS UNITS DESCRIPTION 15 DU/ACRE 15 DU/ACRE 15 DU/ACRE 15 DU/ACRE SITE DEVELOPMENT 152,000 152,000 152,000 152,000 BUILDING-880SF/EA @$35/SF 739,200 739,200 739,200 739,200 BUILDING PERMIT 0 0 0 0 PLANS 26,000 26,000 26,000 26,000 LEGAL/ACCOUNTING 2,000 2,000 2,000 2,000 LAND 95,000 95,000 95,000 95,000 SUB-TOTAL 1,014,200 1,014,200 1,014,200 1,014,200 20% DOWN PAYMENT 202,840 202,840 202,840 202,840 SUB-TOTAL 811,360 811,360 811,360 811,360 LOAN COSTS 50,548 50,548 50,548 50,548 SUB-TOTAL 1,064,748 1,064,748 1,064,748 1,064,748 SEWER TAPS 58,800 58,800 58,800 58,800 WATER TAPS (62,400) 0 0 0 0 TOTAL TAP COST 58,800 58,800 58,800 58,800 PROJECT COST 1,123,548 1,123,548 1,123,548 1,123,548 FINANCED AMOUNT 920,708 920,708 920.708 920,708 CASH DISBURSEMENTS ..., MORTAGE @ 9% - 30 YR 88,899 88,899 88,899 88,899 N INSURANCE 3,371 3,371 3,371 3,371 TAXES 22,471 0 22,471 0 SEWER/WATER 15,840 15,840 15,840 15,840 MAINTENANCE 11,235 11,235 11,235 11,235 MANAGEMENT 5,618 5,618 5,618 5,618 RESERVE-MAINTENANCE 11,235 11,235 11,235 11,235 RESERVE-TAPS FINANCED 0 0 0 0 TOTAL 158,669 136,198 158,669 136,198 CASH RECIEPTS RENT PER MONTH 675 593 638 556 ANNUAL RENT 194,369 170,715 183,693 160,039 LESS 5% VACANCY (9,718) (8,536) (9,185) (8,002) TOTAL 184,650 162,179 174,508 152,037 INVESTMENT(DOWN-PAYMENT) 202,840 202,840 202,840 202,840 DESIRED RETURN 20% 20% 15% 15% ANNUAL INVESTMENT RETURN 25,981 25,981 15,839 15,839 INCOME TAX SAVINGS OF 14,587 14,587 14,587 14,587 39% ON DEPRECIATION TOTAL ANNUAL RETURN 40,568 40,568 30,426 30,426 RENT PER MONTH 675 593 638 556 80% MEDIAN HOUSEHOLD INCO 23,749 23,749 23,749 Â·23,749 RENT / MIN IN % 34.1 30.0 32.2 28.1 20. 4 . Home Ownership ~ /~RB Bond Program -- Offers fixed-rate below market financing for low- 1Vlmoderate-income, first-time homebuyers in Colorado. For morc information, 303-297-7376. -ra : 41006,1 NG, erU P Y kiec>UP 1 Vlmortgage interest paid annually for as long as they occupy the property. For m AAFCC Program -- Offers first-time homebuyers a federal tax credit of up to 20% of 72% ON:~24 / F'=PJATE 40-Ti VITy 3 information, call Kay Barnes, 303-297-7309. DO AP PELO 6â‚¬.AÂ« ('C>E-LOÂ»13 T'hown Payment Assistance Program-- Funds are available for second mortgage toi 'r'E~,A: Â·LADeetÂ·4 -fÂ·Â»1 Se,4 Â·L'to home buyers using CHFA MRB financing for FHA first morlgage loans. Lo: -, - 0 cover minimum down payment and closing costs. Borrower is required to put a minim i of $500 down. Terms arc at 8% with a $40/month minimum payment and a maximum te 4 1 - P AA I u-ION /6 -AUA LABLE of 8 years. For more information, call Linda at 303-572-9445. Â·aeÂ· A LAULT7Â· FAR-M/LÂ¥ p'204Â£(7- l At LAâ‚¬. 1 M.â‚¬2- Ck:) U Arr)< Rental Housing A . L.Errae. 6,Fl lAi TEN-1-" 16 ATon-Prolit Bond Program - Construction and pennanent loans available to 501(c)(3) pet 331/ 625FÂ»TT 1.S'74+., / Al 0*!ra 1 1 non-profit corporations and public housing authorities through the issuance of tax- exempt CHFA general obligation bonds; may be for acquisition and rehabilitation. new -TEP .AC.â‚¬0 1 1=a Â¥=UN PS. construction and refinancing of low- and moderate-income and special needs housing. 18 ental Acquisition Program - Purchase and rehabilitation of moderately priced renta. 1%.housing by CHFA for the purpose of maintaining long-term decent housing affordabl to very low-income families: intent is to resell properties after a few years to non-profits o local public housing authorities. With some purchases from the Federal Resolution Trust a Corporation. CHFA has acted on behalf ofother organizations to negotiate the transaction: purchase. rehabilitate and resell the properties immediately, also providing construction and/or permanent financing. F private Activity Bond Program - Tax exempt bond financing for the construction or ~ I acquisition and rehabilitation of multifamily rental housing: CHFA acts as issuer ofthc L bonds: developer must provide credit enhancement: limited funds available. T ow.Income Housing Tax Credits - Federal income tax credit available to investors in 1-~low-income housing (new construction or acquisition with rehabilitation): developers must apply through a competitive process to CHFA for cominitments of credits based on eligibility and rankings related to a state credit allocation plan. ~ peclal Needs Housing Fund - Permanent financing at below-maiket interest rates for U small loans (maximum $150,000) for rental housing for special needs populations (e. g., chronically mentally ill, physically or developmentally disabled. homeless, etc.). I) evolving Loan Fund - Short-term (maximum two yean) interim or construction loans 1~for non-profit or public housing authority borrowers for pre-development costs. acquisition or construction of low-income housing: permanent financing must be committed. I.Iousing Opportunity Fund - Subordinate loans at very low interest rates to leverage 11other funding for non-profit and public agency borrowers for the purpose of creating housing for very low-income households: limited funding available. 21. MEMORANDUM September 1, 1992 TO: Community Development Committee, Board of Trustees, Town of Estes Park FROM: Ron S. Harvey, The Committee of One L Â£ I Â£ . '1â€ž/857 V SUBJECT: Minority Report - Study Group recommendations on Affordable Housing I have been a proponent; actively working to provide low. to moderate income housing for the past ten years and have experience in the acquisition, building and management of year round housing in the $250 to $500 a month category. It should be noted that there are others with more experience than mine, or the committee's. However, in the past ten months I have been the vocal opponent of the town's attempts to provide so called low cost or affordable housing at above average rents. Although my request to be a member of the CDC's Housing Study Group was ignored, 1 attended their meetings as an observer and have continued my research efforts through conversations with local and out of town developers: regulators and investors. I respectfully submit this minority report for your thoughtful consideration. Steve Stamey kicked off the first meeting of the Housing Group with a well done Memorandum of 7/13/92 which outlined the efforts of other mountain communities, as well as, Estes Park and the approaches we could take to town involvement. developer incentives and a few of the code modifications that could be explored. Steve's memo further states that the Median Household Income in Estes Park is 529:387 which is a lower and more realistic than HUD's Median Family Income figure of over $37,000. Low to moderate income is defined as 50% to 80% of this Median Household Income and affordabie rent: including utilities, should not exceed 30% of this gross monthly income. Assuming S70 per month for utilities (Electric and Gas) the actual apartment rents would break down as follows: Median (IVII-Ill Moderate (80%) Low (5096) Annual Income $29,387 $23,510 $14,693 Monthly Income $2,450 $1,960 $1,220 Equiv. Hourly Rate $14.00 $11.25 $7.00 Affordable Rent + Utilities S735 $588 $366 Affordable Unit Rent $665 $518 $296 The Town's Community Profile of May 1992 reports average rents for two bedroom units at $500 a month. A quick survey of small single family homes to four-plexes indicates rents in the range of $425 to $575 a month. The larger complexes of 16 to 36 two bedroom apartments have rents ranging from $340 to $500 a month for units of 850 to 980 square feet. There are also two bedroom units of similar quality as low as $295 a month. None of these preceding figures include projects with rent subsidies. There are presently well over 200 units in the $375 to $450 range and more in the $450 to $500 range. All of these are below the moderate income rent level of $518. All of these numbers would indicate that the present or average rents of $500 for two bedroom units in the Estes valley are 20%, or more, below the $665 rents affordable to our Median Income households. At the same time the largest apartment complexes have rents in the $340 range, 32% below average, which is about 55% of MHI or the low income level. (Subsidized units have not been included) 22. . Minority Report - Affordable Housing Page 2 By contrast the $525 a month rents proposed by the Housing Committee's Pro Forma are not only 5% above the average rentai for a 2 bedroom home, but are also at the high end of this moderate income (80%MHI) level. Worst of all, the proposed rents are 44% higher than affordable by those at the low income levels. the area that most needs addressing Does this 'proposed project really solve the problem or just prevent entry by private sector? Paul Kochevar offered some excellent suggestions for streamlining review procedures. Dick Weiss cautioned that any time government becomes involved that costs usua!ly increase. I was given the opportunity to share some actual figures on a duplex. just completed. demonstrating that rents of $490, or 5% lower than 80% MI-11, and $35 a month less than their proposed 24 unit complex are possible for an 800 square foot unit plus a one car garage. This was accomplished for profit in the private sector under present regulations. without concessions. Incentives could have lowered rents as much as 10%. All of these suggestions and ideas, as well as, many of those offered by Steve's memo went unanswered, either not understood or just ignored. I also suggested that the best help the town could give a small developer would be a loan guarantee. which would not cost the town any money and at the same time give them some contro! over the type of project they want to encourage. This was imediately and emphatically dismissed with the statement 'We can't do that. That would be a liability to the town." In fact. it would not normally be a number shown on a balance sheet, but rather as a note for a remote contingent liability. If it were to be placed on the balance sheet it would then have an offsetting higher asset value. How will the Housing Authority's ownership of a project be shown, or hidden, on the town's balance sheet? After looking at all of the incentives: ignoring most that could be offered, rejecting any procedural changes and overlooking input from local developers the committee reviewed their revised, yet flawed, pro forma for the 24 unit project and concluded that no private developer could possibly do the job and a housing authority would be the only means to accomplish the task. I reject this unfounded conclusion. How can a M unit prolect, not paying property taxes, having a lower per unit cost. still charge rents 7% higher than a two unit project with a higher per unit cost. paying property taxes, with higher mortgage rates that still provide the owner a 10% return on his investment? At the onset the group decided, and I would agree, that they could not reasonably address the seasonal housing requirements. However, the committee, did not make any survey of unit quantities and rents in the existing market nor did they invite comments and advice from developers. investors: and managers with experience and commitments in our community. Their constant position was that we need more inventory and a housing authority to produce it. The rent was only a consideration in determining what the housing authority/builder would have to charge, not what the consumer could afford to pay. My opposition has been, and is still based, on the fact that the town's focus has been on a housing project with rents at the high end of the "moderate income levels" and above existing "average rents", while expecting the taxpayers, including the low income wage earners who are not able to afford the housing project's higher rents, to subsidize a local government project in competition with the private sector, which can reasonably be demonstrated to do the job. I recommend that the Housing Study Group, appointed for one year, be sent back for deliberation with some specific guidelines and objectives to achieve alternative and definitive goals. If a housing authority is to be one of these alternatives it's goals, objectives and procedures should be proven and we!1 defined to meet low income needs. that may not be feasible in the private sector. The CDC and Town Board would be ill advised to favorably act on the present incomplete and inappropriate recommendation. 23. . ART EXHIBIT HISTORY FAIR (Verbal - Polly Garrett) .. Estes Park Area Historical Museum MONTHLY STATISTICS July 1992 VISITATION Atigndan= Days open Visitor count Average/day July 1992 31 1525 49.2 July 1991 31 1539 49.6 % Change 0% -0.9% -0.9% YTD 1992 117 4122 35.2 Y'ID 1991 71* 2920 41.1 % Change 64.7% 41.1% -14.3% Geographic Breakdown Local Rest of Colorado Rest of United States Foreign July 1992 106 385 1020 14 % Of total 6.9% 25.3% 66.9% 0.9% YID 1992 732 1269 2059 62 % of total 17.8% 30.8% 49.9% 1.5% July 1991 73 353 1089 24 % of total 4.7% 22.9% 70.8% 1.5% YTD 1991 306 904 1665 45 % of total 10.5% 30.9% 57.1% 1.5% Categories Adults Children Members Groups Other July 1992 1046 294 75 21 89 % of total 68.7% 19.3% 4.9% 1.3% 5.8% YTD 1992 ** 1781 507 142 114 162 % of total 65.9% 18.8% 5.2% 4.2% 5.9% OUTREACH PROGRAMS Number Attendance July 1992 Â· 11 770 Year to Date 55 18,914 *** TOTAL PATRONS SERVED BY MUSEUM YTD 1992 22,316 .. MEMBERSHIP Individ. Family Contrib. Business Life Total New 0 5 0 4 0 9 Renew 3 1 1 1 0 6 Total 81 125 43 33 65 347 VOLUNTEERS Number Hours In-kind cost July 1992 75 686.5 $4,119 Y'ID 1992 ** 128 1380 $8,280 RESEARCH REQUESTS Number July 1992 8 YTD 1992 40 NOTES: *Museum closed for renovation Jan- May 1991 * *Statistics start 6/1/92 *** Includes 3 broadcasts on KRKI radio estimated at 4,000 listeners each 11"Illt ..1 1,1,1,1 .41 ESTES PARK AREA mI; i i 1,â„¢ Imuki!Â¤ 6 - HISTORICAL MUSEUM P.O. Box 1691 200 4th Street Estes Park, CO 80517 Phone: (303) 586-6256 MEMORANDUM TO: Community Development Committee FROM: Lynn Swain, Director DATE: August 31, 1992 RE: Museum Report 1. Statistics for July 1992. 2. Summer Summary A) History Camp - see slides 353 36-children attended, program was very well received, waiting list for next year started already. Katy Karr, Program Coordinator, did an excellent j ob in coordinating children and interpreters to make History Camp happen. B) Stick Architecture Exhibition Over 60 people attended the opening reception. Local community was actively involved in lending photographs and furniture. Curator Betty Kilsdonk and her volunteer crew produced a very high quality show. Written up in Denver Post on 8/30/92. C) History Fair Approximately 450 people attended, over $2,000 was raised for the Museum. Polly Garrett deserves tremendous credit for organizing. She will review in more detail. 24. Estes Park Area Historical Museum MONTHLY STATISTICS August 1992 VISITATION AtiQndang Days open Visitor count Average/day August 1992 31 2020 64.9 August 1991 31 1314 42.3 % Change 0% 53.3% 53.3% Y'ID 1992 148 6136 41.4 Y'ID 1991 102* 4234 41.5 % Change 45.0% 44.9% -0.2% Gec-Vlic Breakdown Local Rest of Colorado Rest of United States Foreign August 1992 249 698 1034 39 % of total 12.4% 34.5% 51.2% 1.9% YTD 1992 981 1967 3093 101 % of total 16.0% 32.0% 50.4% 1.6% August 1991 45 272 960 37 % Of total 3.4% 20.7% 73.1% 2.8% Y'ID 1991 351 1176 2625 82 % of total 8.3% 27.8% 62.0% 1.9% Categories Adults Children Members Groups Other August 1992 1178 377 239 158 68 % of total 58.3% 18.7% 11.8% 7.8% 3.4% YID 1992 ** 2959 884 381 272 230 % of total 62.6% 18.7% 8.0% 5.8% 4.9% OUTREACH PROGRAMS Number Attendance August 1992 9 5,077 *** Year to Date 64 23,991 *** TOTAL PATRONS SERVED BY MUSEUM YTD 1992 30,127 â€¢Jut.i.JI MEMBERSHIP Individ. Family Contrib. Business Life Total New 1 4 0 2 0 7 Renew 4 8 1 0 0 13 Total 82 129 43 35 65 354 VOLUNTEERS Number Hours In-kind cost August 1992 63 1313 $7,878 YTD 1992 ** 132 2693 $16,158 RESEARCH REQUESTS Number August 1992 2 Y'ID 1992 42 NOTES: *Museum closed for renovation Jan- May 1991 ** Statistics start 6/1/92 *** Includes 4 broadcasts on KRKI radio estimated at 4,000 listeners each CS A. 00 ja U 00 E 5 0 8 A Ul O *J .. C UD =r O 9 02 EE,1 8 C=-x 50 0 â€¢1~ - co 0- . -1 ) o g Agi Â£ 9 1111. p 4-1 <E =-l. 0 4 0.2 - CS 1 = 2 gm a . Ell .Q â‚¬ 0 < 06 0:/6/ 00 + C O 4/ CC 00< 6 -Â¢ 1 #4" - (C - - - o 2 â‚¬ 7 5 U) A 0 v 4-1 =0 rn 0 00 CS O 2 01 C 0 A- WI 1 1.1 E Mt CO ..tz I *KE al" 81% >.8 53 = 2 2 k - 2 K .3 21 j 8:go 8 5 m B * O 06 A a O 90 0 22 5 9 - 0 E - 0 m Â©DWO IKE b A C to 0<U 6 4 ing the 75th Anniversary Park Area iversary of the 366/'ZE UIn~Sn~[U41&I.I committee membe A Benefit Organizing behalf of the Es torical Museum's Thanks for cominrs,! a~t152rs formakingsthT]~9~ t - Lynn Swain, Director to raise funds to generate support f r th mittee, I wish to extend historical activities for y oals on this 75th Anni Fair possible. 58 80 E 0 0 0 - < S.8 < 15 /2 AR ./ .0 #4 0 U) a< >4 M bo AWN , 2 2 , 2 - 0 2 0 0 05 8 2 90 C g . i ifig Le li c< s iv = U 9644> 0- 8 0 O UM O 0 O â‚¬09 E-I MP E-4 cli E- 9 2 U) 0 8 *M 1 - 6. 0 - $4#0 =22 E *04 2 t o 0 92 3 3 03 M O A 0 - O 01 32â‚¬ 5 3 -0 0 4 C 4 .4 6-1 US -22 05 0 CO a NE g R o # E t *t e .= 0 4 9- B 2. + CS e B .0 .SO 0 00 Si bo C ,-1 ur E 0=1 4 0 40 0 CO o O 41 02 44 8 Z E m 0 8 9 =co 0 2 -- I al- 0 8 0 =g NTEâ‚¬ O 6 =-O 52 - .0 5 1 9 3 E -0 50_0 4 ..3< 1 2 20 042 .2 â‚¬ & 2 Zi 16 /~ go Â»3% -442= 5 ?4 1 2 I f E u) Â» 2, -22 t M 4 +8 7 W ,; Â£ E E ~S '~ ur t: e = 2 =9 8 = 0=.I' = 0.2 W E.- 1 q R 4 4 f 1 00 m O -M 4 M B m 2% a = 88% 8&.2 4-2 4 E 403 42 *29& 403 HISTORY FAIR Coffee & Lemonade served on the Senior Center lower lawn all Special Luncheon served at the Senior Center continuously from Polaroid Pictures at on the Museum ground, $3.00. - see all about the h story of Estes Park Good fo tage Vignettes, Country Dance jOLIEG Knunoo IO; pooo Linegar come to life for the 75th Anniversary of Estes Park. Popcorn ( low y u 50 cents per bag. Y FAIR TICKET 'SollouSIA OBelu!A 'GIan[ IOJ pooo 98I UIOI; UOSUIES IO , SI,!Plos uo,un 103 0,!I IUM IJA ne exhibition of "The of Rustic Style: Rocky Admission UOISS!UIpv LL NIVA lellSUOUIOp '9233}Unlo sn 'Oaung wapuadapuI opluoloo UOISSIUIpv UIngsnIN 10 'UOSSy-I 0029( KI}Unoo .md oâ‚¬:Z 0â‚¬~II lesSupg UOUUE) '998I day. Donations sugge Mntage Vignettes - performances at rear of main Museum at 11:30 am -1:30 pm, 10:30 am and 1:30 pm. Characters from Dze Gateway by Ned z:sutatC~~railtll:%12ttinle waltz, polka, SPECIAL EVENTS (1 ticket per person per event required) ssons - in the parking lot, Jim Lacey & Mary â€žSIOIUOst, 941 JO sionpoid 041 skiotis - 11131 Koldsla duloo 101!d dtueo X10}SPH Woool situnosnw 04 1 u! Poled!,Iued .SIEU.Ino[ pue '1Ipnb 'sluotuoillos loPOIU IIOID OOS uiel *uid Â£ 72 tud I t may be drawn for a ride on or another old car. opnpu! Sol 1!ABOV '3IZE,HOP!s luog 041 UO - 1311.ION S,Ply chitecture Inside meI OId InoX MOI~S 1Sng SIN Meo InjlopUOM OSENOI i JJIP JO uouone 01 00ueqo e