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Home My WebLink AboutPACKET Town Board 2007-06-26. AVE Prepared 06/18/07 *Revised -1 k *. TOWNTOMSTEYÂ·PARK**.1.-: The Mission of the Town of Estes Park is to plan and provide reliable, high-value services for our citizens, visitors, and employees. We take great pride ensuring and enhancing the quality of life in our community by being good stewards of public resources and natural setting. BOARD OF TRUSTEES - TOWN OF ESTES PARK Tuesday, June 26,2007 7:00 p.m. AGENDA PLEDGE OF ALLEGIANCE PROCLAMATION - Proclaiming July 10 - July 15, 2007 "Rooftop Rodeo Week". COLORADO ENVIRONMENTAL COALITION AWARD - Administrator Repola. PUBLIC COMMENT (Please state your name and address). TOWN BOARD COMMENTS 1. CONSENT AGENDA (Approval of): 1. Town Board Minutes dated June 12, 2007. 2. Bills. 3. Committee Minutes: A. Public Works, June 14, 2007. 1. North Lake Avenue Overlay - $17,491, Budgeted. B. Utilities, June 21, 2007. 1. Avaya IP 500 Office Phone System - $95,000. 2. Comprehensive Plan Update - Stamey & Associates - $20,000, Budgeted. 4. Estes Valley Planning Commission, May 21, 2007 (acknowledgement only). 5. Estes Valley Board of Adjustment, June 5,2007 (acknowledgement only). , l A. PLANNING COMMISSION AGENDA (Approval of): Mayor ProTem Pinkham: Open the Public Hearing for all Consent Agenda Items. If the Applicant, Public or Town Board wish to speak to any of these consent items, they will be moved to the "Action Item" Section. 1. CONSENT ITEMS: A. UTILITY EASEMENT VACATION 1. Mountain Creek Townhome Condominiums, Unit 7, Building K, Brian Murphy/Applicant. B. FINAL CONDOMINIUM MAP 1. Bobcat Ridge Condominiums, Units 1 & 2, Lot 2A, Shanafelt Minor Subdivision, Van Horn Engineering/Applicant. C. SUBDIVISION 1. Grueff-Edwards Preliminary Subdivision Plat, Lot 4, Stanley Historic District, Lot4ED, LLC/Applicant. Applicant request continuances to September 25,2007. D. AMENDED PLAT 1. Lot 3, Chiquita Subdivision and a Portion of Lot 138, Al Fresco Place Addition, Trevor Speake/Applicant. 2. Lots 9,10,11,12, and a Portion of Lot 8, Block 1, Second Amended Plat of Town of Estes Park, Zach Wheatley/Applicant - Applicant has withdrawn request. E. SUPPLEMENTAL CONDOMINIUM MAP 1. Supplemental Condominium Map #1, Shops at Riverfvalk East Condominiums, Unit 12, Michael D. Figgs & Nancy D. Lederer/Applicants. 2. ACTION ITEMS: 1. 2006 COMPREHENSIVE ANNUAL FINANCIAL REPORT (CAFR).. Finance Officer McFarland. 2. ELKHORN AVENUE CORRIDOR LOADING ZONES. Chief Richardson. 3. TOWN ADMINISTRATOR REPORT. 4. ADJOURN. NOTE: The Town Board reserves the right to consider other appropriate items not available at the time the agenda was prepared. - /. Ch - 1Â® hp LaserJet 3015 0 3 HP LASERJET FAX invent Jun-22-2007 12:44PM Fax Call Report Job Date Time Type Identification Duration Pages Result 359 6/22/2007 12:34:02PM Send 6672527 1:25 2 OK 360 6/22/2007 12:35:32PM Send 5869561 1:12 2 OK 361 6/22/2007 12:36:49PM Send 5869532 1:12 2 OK 362 6/22/2007 12:38:06PM Send 5866336 1:13 2 OK 363 6/22/2007 12:39:24PM Send 5861691 1:33 2 OK 364 6/22/2007 12:41:02PM Send 6353677 0:56 2 OK 365 6/22/2007 12:42:03PM Send 2247899 0:53 2 OK 366 6/22/2007 12:43:01PM Send 5771590 1:19 2 OK . 1. The Celebration of 100-Years Of Rodeo History in Estes Park O It is proposed that The Town of Estes Park, in 2008, Celebrate 100-years of Rodeo history during Rooftop Rodeo week. O This proposal is made based on the fact that the first documented rodeo type event occurred in Estes Park in July of 1908 as is evidenced by the following excerpt taken from the Mountaineer, July 9, 1908. THE MOUNTAINEER Volume I, Number 6, Estes Park, Colorado, July 9, 1908 THE GLORIOUS FOURTH WAS DULY CELEBRATED Genuine Wild West Show Provides Plenty of Thrills For Large Crowd, Including Many Eastern Tourists "The Broncho Busting Contest on the Fourth of July was a howling success- with the emphasis on the "howling". One of the largest crowds that the Park ever turned out for such an event thronged the show grounds and cheered lustily for its favorite riders as they "cut the capers" on the pitching horses. And there were some "buckers", too, horses that went straight into the air, "sunfished" and fell with their riders beneath them. But the more the bronchos twisted, the more the crowd howled and danced and enjoyed itself; and the result of the afternoon's performance was declared to be one of the most enjoyable entertainments ever given in the Park. Long before the hour scheduled for the performance-2 o'clock-the show grounds were lined with people. They came on horse, on foot, in rigs and in autos; and the display of the latter vehicles would have made a New Yorker fancy himself back on the Sea Beach drive to Coney Island on a Sunday afternoon in August. The number of people present when the grand promenade and introduction of the riders began was an astonishing tribute to the popularity of Estes Park as a summer resort...." The celebration should involve the entire community as it did in 1908. In planning for the 2008 event every effort should be made to think out of the box. â€¢ Invite the President of the United States and the Governor of CO, ~ Invite the leading male and female motion picture stars, â€¢ Have several parades and street dances, â€¢ Have a Presidents Ball, Governors Ball, Merchants Ball, . Have day and night activities going on all week, ect. Please let Howell F. Wright know of your interest in helping to develop this proposal. Cell: 970-231-1738, Home: 970-586-4352. 00 , b Town of Estes Park, Larimer County, Colorado, June 12, 2007 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 12th day of June, 2007. Meeting called to order by Mayor Baudek. Present: John Baudek, Mayor Bill Pinkham, Mayor ProTem Trustees Eric Blackhurst Dorla Eisenlauer Richard Homeier Chuck Levine Wayne Newsom Also Present: Town Attorney White Jacquie Halbumt, Deputy Town Administrator Jackie Williamson, Town Clerk Absent: Randy Repola, Town Administrator Mayor Baudek called the meeting to order at 7:00 p.m. The Estes Park Boy Scout Troop #8 Color Guard presented the flags and all desiring to do so, recited the Pledge of Allegiance. PRIDE AWARD COMMUNITY SERVICE SCHOLARSHIP. Trustee Levine introduced Laura Carspecken recipient of the first Estes Pride Award Community Service Scholarship. Ms. Carspecken thanked the Town for the honor and the Town's generosity. She will attend the University of Portland majoring in math or science. PUBLIC COMMENT. Jeanice Prohs/1630 Raven Circle #B spoke in favor of saving the pool and encouraged all entities to work together to that end. TOWN BOARD COMMENTS. Trustee Blackhurst reminded the public that the Housing Authority would meet tomorrow at 8:30 a.m. in Room 203 and the Public Works Committee would meet Thursday at 8:00 a.m. in the Town Board Room. Trustee Homeier read an excerpt from American Switzerland by Tom Pickering in honor of the 90th Anniversary of the Town of Estes Park. 1. CONSENT AGENDA (Approval of): 1. Town Board Minutes dated May 22,2007 and Study Session minutes dated May 23,2007. 2. Bills. 3. Committee Minutes: A. Public Safety, May 24,2007: 1. Coolest Car Show - Street Closure of MacGregor Ave. from Bus Turnout to Park Ln., July 4,2007. B. Community Development, June 7,2007: CVB: 1. Standard Horse Show Contracts: 4 ) Board of Trustees - June 12, 2007 - Page 2 â€¢ Rocky Mountain Miniature Horse Club, June 20 - 24,2007. â€¢ Colorado Arabian Horse Club, June 30 - July 4,2007. â€¢ Team Penning July 7 - 8,2007. 2. Heritage Festival - Street Closure of MacGregor Ave. from the Bus Turnout to Park Ln. Community Development: 1. Chamber of Commerce Sign Permit Fee Waiver. It was moved and seconded (Pinkham/Newsom) the Consent Agenda be approved, and it passed unanimously. lA. PLANNING COMMISSION AGENDA (Approval of): Mayor Baudek opened the Public Hearing for the following Consent Agenda Items: A. SUPPLEMENTAL CONDOMINIUM MAPS 1. The Promontory at Kiowa Ridge Condominiums, Supplemental Condominium Map #1, Units 508, 528,539 and 543 Promontory Dr., Lot 6, Mary's Lake Replat, Rock Castle Development Corp./Applicant. 2. Solitude 11 Condominiums, Supplemental Condominium Map #6, Unit 7, Lot 2, Solitude Subdivision, Crystal Creek Development, LLC/Applicant. 3. Shops at Riverwalk East Condominiums, Supplemental Condominium Map #1, Unit 12, Shops at Riverwalk East Condominiums, Michael Figgs & Nancy Lederer/Applicant. Dir. Joseph stated the applicant for the Shops at Riverwalk East Condominiums has requested continuance to the June 26th Town Board meeting. As there were no further comments, the Mayor closed the public hearing and it was moved and seconded (Newsom/Eisenlauer) the Consent Agenda be approved with Staff conditions of approval and continuance of item A.3, and it passed unanimously. 2. ACTION ITEMS: 1. ROCKY MOUNTAIN NATIONAL PARK - UPDATE. Superintendent Baker congratulated the Town on receiving the Colorado Environmental Coalition Award for its support of the Rocky Mountain Wilderness Act and the Town's participation in the purchase of Hermit Park, an asset to the community. He presented an update on Park issues including: â€¢ Completion of trail projects. â€¢ Proposed Wilderness Legislation is moving forward. â€¢ Elk and Vegetation Management Plan - NPS is developing the final plan/EIS after evaluating public comment. Elements from all of the alternatives are still under consideration for inclusion in the final plan. A fence enclosure will be placed in Horseshoe Park to aid in the restoration of the wetlands due to the Lawn Lake flood. â€¢ As an outcome of the Climate Friendly Workshop, the Park intends to expand the recycling program in cooperation with Larimer County. â€¢ Lumpy Ridge Trailhead is complete and open for access to Gem Lake and Twin Owls with the old trailheads closed to public access. â€¢ Fire Operation Center is nearing completion. â€¢ Forest health continues to be an issue with the pine beetle on the west side of the park. Infested trees have been found at Timber Creek, . Board of Trustees - June 12, 2007 - Page 3 Moraine Park and Glacier Basin campgrounds. The Park has increased the number of trees sprayed and continues to use other methods to aid in the beetle management including removal of infested trees and burning. â€¢ Shuttle buses within the park have been running since Memorial Day with the Hiker shuttle to begin the end of June to coincide with the Town's shuttle system. â€¢ Highway 7 Corridor Planning - The Park is working in conjunction with the Forest Service to develop plans for the Lily Lake and Long's Peak trailheads to address parking issues. â€¢ Partnership projects include the Timercreek Amphitheatre, Lake Irene Picnic area and trail improvements and the Wigwam Tea Room stabilization. â€¢ Trail Ridge Road paving should be complete within the week with work beginning on the slump repair. Work will continue at night starting July 50 with traffic closed west to east Sunday through Thursday. â€¢ Future west side projects include the resurfacing of the entrance station, bury power line from entrance to Timber Creek campground and remodel the entrance station in 2009. â€¢ American the Beautiful National Park and Recreational Lands Annual pass is available for $80 for access to all Federal recreational sites. â€¢ Xanterra is the new concessionaire running the Trail Ridge store. Xanterra has proposed substantial improvements to the food service area with work being conducted by Cornerstone. Therefore the store will provided limited food service this year. â€¢ The Centennial Initiative will provide additional funding for seasonal employees and raise private donations for projects to honor the 1000 anniversary of the National Park System. 2. RESOLUTION # 7-07 - ESTES PARK HOUSING AUTHORITY APPLICATION FOR COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG). Director Kurelja stated the Housing Authority has applied for a housing needs assessment grant through the CDBG which requires the applicant to be a municipality and the Housing Authority a sub-applicant. The state will fund the assessment 100% provided the Authority demonstrates support from the community and the assessment will be further utilized in future strategic planning. Letters of support have been received from the Town, Chamber, Hospital and the School District. An RFP has been completed and RRC of Boulder has been hired to complete the assessment that will include the entire Park R-3 School District boundary at a cost of $44,000. Attorney White read the Resolution and after further discussion, it was moved and seconded (Levine/Eisenlauer) to approve Resolution 7-07, and it passed unanimously with Trustee Blackhurst recusing himself from the discuss and vote. 3. TOWN ADMINISTRATOR REPORT. â€¢ Deputy Administrator Halburnt thanked RMNP for its assistance and support with the shuttle bus system. Whereupon Mayor Baudek adjourned the meeting at 7:43 p.m. John Baudek, Mayor Jackie Williamson, Town Clerk / D RECORD OF PROCEEDINGS Town of Estes Park, Larimer County, Colorado, June 14, 2007 Minutes of a Regular meeting of the PUBLIC WORKS COMMITTEE of the Town of Estes Park, Larimer County, Colorado. Meeting held at Town Hall in said Town of Estes Park on the 14th day of June, 2007. Committee: Chairman Levine, Trustees Blackhurst and Homeier Attending: All Also Attending: Deputy Town Administrator Halburnt, Directors Zurn and Goehring, Facilities Mgr. Sievers, Planner Chilcott, Town Clerk Williamson Absent None Chairman Levine called the meeting to order at 8:00 a.m. Chairman Levine welcomed the new Public Works Director Scott Zurn and thanked Utilities Director Goehring for his efforts the past year running both departments. PUBLIC COMMENT. Mary Ellen GarreWLeague of Women Voters of Estes Park presented the results of a recent survey on recycling with responses from 436 residents and 75 businesses. Overall impression is the community is interested in recycling. Those that completed the survey would prefer an expanded program, more information on the items that are recyclable, additional recycling containers throughout town (Performance Park, CVB), extended hours for those that work, cleaner facility with better access, should be user friendly, place recycling bins next to the trash cans, businesses need storage to recycle. The community has a landfill diversion rate of 5% of the total volume of trash hauled to the county facilities. Other communities have targeted special events and would ehcourage the Town to consider this as an option. Diane Burkpile/League of Women Voters reviewed House Bill 07-1288 that creates a Recycling Resource Economic Opportunity Fund that will provide grants to encourage communities to provide and expand recycling opportunities. Bruce Grant/Recycling Committee encouraged the Town to review the anti-competitive contract between the Town and the Transfer Station. A competitive market could reduce the costs of recycling and provide choices to the community. Jill Hartmen/740 Whispering Pines stated the centralized recycling facility at the Transfer Station could be improved with new signage, less noise, control the smell and containerize trash to reduce blowing debris. MOUTAIN CREEK TOWNHOME CONDOMINIUMS UTILITY EASEMENT VACATION - REQUEST APPROVAL. Planner Chilcott stated the property owners at 255 Steamer Court are requesting a portion of a utility easement that runs along the Mountain Creek Townhome Condominiums' western property line be vacated. A portion of a deck and patio encroaches into the easement. The application has been routed to utility providers and all were supportive of the easement vacation. Facilities Mgr. Sievers requested the [ easement drawing include subdivision name, street right-of-way name and address of the subdivision to accurately reflect the location of the easement. The Committee recommends approval of the utility easement as described with corrections to the drawing as outlined by staff prior to approval by the Town Board. NORTH LAKE AVENUE OVERLAY - REQUEST APPROVAL. The Public Works Department has been working to improve surface storm water drainage in the North Lake Avenue area for several years including the installation on slotted drain I Â·.A.W.. I. , â€ž .... ... 4 / RECORD OF PROCEEDINGS Public Works Committee - June 14, 2007 - Page 2 inlets at the intersection of Dry Gulch Road in 2005 that work well but do not capture the total surface flow. Funds were budgeted for additional culverts under Hwy 34; however staff would recommend surface improvements uphill to address the runoff at the source. Asphalt would be removed and the south shoulder reshaped to sheet drain the storm water. This work would include overlaying the full 30 foot width of the road to shed the storm water to the existing swale and channel it downstream to the existing highway culvert to restore the historic flows. Phase 11 of this project will occur this fall with the reshaping of the ditch. Staff would act as the general contractor and move forward with the project immediately with acceptance of the low bid from Coulson Excavating and LaFarge. Trustee Blackhurst requested staff contact the business owners prior to construction to identify any concerns. The CVB should be contacted in order to reroute the shuttle bOses through this area. After further discussion, the Committee recommends approval to contract with Coulson Excavating and LaFarge for the North Lake Avenue overlay as described for a total project cost of $17,491 as budgeted from account #101-3100-431-25-24. REPORTS. 1. Post Office Parking Lot. Mgr. Sievers stated the parking lot is complete and a financial report will be completed for theÂ· next meeting. Staff was pleased with the performance of Cornerstone Construction. 2. Carriage Hills Dam Repairs. Mgr. Sievers stated the project was completed by Memorial Day weekend and was under budget. 3. CVB Sidewalk. Cornerstone Paving completed the sidewalk and damaged curb from this winter's snow plowing. Financial report will be forthcoming. 4. Fall River Trail Phase IV. This phase of the trail will begin at West Valley Road and most likely end at Nicky's; however, the per unit price will determine the distance for this phase. MISCELLANEOUS Trustees Blackhurst stated the May 25~h addition of the CML publication discussed the Availability of water and waste water grants.Â· He questioned whether or not the Town could apply for grants to upgrade the Mary's Lake facility. Dir. Goehring stated Finance Officer McFarland is looking into the possibility. There being no further business, Chairman Levine adjourned the meeting at 9:08 a.m. Jackie Williamson, Town Clerk , RECORD OF PROCEEDINGS Town of Estes Park, Larimer County, Colorado, June 21, 2007. Minutes of a Regular meeting of the UTILITIES COMMITTEE of the Town of Estes Park, Larimer County, Colorado. Meeting held in the Town Hall in said Town of Estes Park on the 21St day of June 2007. Committee: Chairman Homeier, Trustees Newsom and Pinkham Attending: All Also Attending: Town Administrator Repola, Directors Goehring & Joseph, Finance Officer McFarland, Mgr. Pallissard, Town Clerk Williamson Absent None Chairman Homeier called the meeting to order at 8:00 a.m. PUBLIC COMMENT None. LIGHT & POWER DEPARTMENT Phone Svstem Replacement - Request Approval. The present phone system was purchased in 1992 from Executone and was scheduled for replacement in 2009. In December of 2006, the current maintenance vendor, BlackBox, informed the Town they would only provide maintenance for the current system for six months at the yearly rate of $19,000 due to the limited availability of parts for the system. The Town was informed recently that maintenance would be available through the end of the year for an additional $19,000 for six months. The IT Department produced a RFP in February to replace the current phone system for 2007. The RFP was sent to nine vendors and the proposals were reviewed by the IT Department and vendor proposals were presented to the Technical Committee. AXESS Communications was selected to provide the Avaya IP 500 office phone system and AXESS communication platinum service for maintenance at a cost of $95,000 for hardware/equipment and $1,500/month for maintenance. Five references were checked and all were pleased with the level of service. This item was not budgeted for in 2007; however, funds for upgrades to the email system and security can be utilized for this purchase. The maintenance charges will be absorbed by funds budgeted by each department for maintenance. Mgr. Pallissard stated the new phone system will integrate all current phone systems of the Town, therefore, eliminating costs currently paid to Qwest for additional copper lines. The new phone system will have added functionality and will utilize the fiber ring owned by the Town. The 911 system will not be included; however, the new system could support it in the future. Additionally, this system is a drop-in replacement that will require little to no additional hardware or wiring. Following discussion, the Committee recommends approval of the contract with AXESS for the purchase and maintenance of a new phone system, Avaya IP 500 office phone system at $95,000 and a one-year maintenance contract at $1,500/month from 502-7001-581-33-36 and 502-7001-580-33-33. Estes Vallev Comprehensive Plan Update - Request Approval To Accept Proposal. Dir. Joseph stated the Town issued a RFP in May for a two-part statistical update of the Comprehensive Plan: Economic Review and Land Use Build Out. The request was published in the Trail Gazette and posted on the Colorado APA website. Six responses were received as follows: A.W V &:W . - C , RECORD OF PROCEEDINGS Utilities Committee - June 21, 2007 - Page 2 DSW/Foresee $34,909 to $43,909 Fronczyk $3,850 Land Elements $52,113 RA Smith $28,000 to $50,000 Sammons/Dutton/HNTB $22,000 Stamey/FHU $17,450 Staff recommends Stamey/FHU based on the combination of qualifications and price. Trustee Pinkham questioned if the analysis would include 5-yr. growth increments for build out. Dir. Joseph stated the current proposal does not include that level of analysis and the goal is for staff to utilize the end product to provide that analysis in the future. Following discussion, the Committee recommends retaitii:,g the services of Staniey and Associates for the Estes Valley Comprehensive Plan update at a cost not to exceed the budgeted $20,000 from account 101-1100-411-22-98. Reports 1. Light and Power Dept. Financial Report - Dir. Goehring and Finance Officer McFarland reviewed the financial reports. 2. Water Financial Report - Dir. Goehring and Finance Officer McFarland reviewed the financial reports. MISCELLANEOUS Administrator Repola stated the Town may be considering an annexation that would require major water improvements with a minimum investment of $250,000. Discussion ensued on the Committees level of comfort in funding such a project up front from the Water Fund with Ijay Back occurring overtime in additional revenue. The Committee recommended staff consider the improvements during annexation discussions with the property owners. Dir. Goehring reported staff is continuing to work on the asbestos mitigation for the Big Thompson Water Plant prior to removing the building. Discussions have occurred regarding leasing the building to potential fiber users; however, the building is in such bad condition that it must be removed. A new building could be constructed for this use in the future. There being no further business, Chairman Homeier adjourned the meeting at 9.05 a.m. Jackie Williamson, Town Clerk , RECORD OF PROCEEDINGS DR-AFT Regular Meeting of the Estes Valley Planning Commission May 15, 2007,1 :30 p.m. Board Room, Estes Park Town Hall Commission: Chair Betty Hull; Commissioners Wendell Amos, Ike Eisenlauer, Bruce Grant, Joyce Kitchen, Doug Klink, and John Tucker Attending: Chair Hull; Commissioners Amos, Eisenlauer, Grant, Kitchen, Klink, and Tucker Also Attending: Town Attorney White, Director Joseph, Planner Chilcott, Planner Shirk, Town Board Liaison Homeier, and Recording Secretary Roederer Absent: None Chair Hull called the meeting to order at 1:32 p.m. The following minutes reflect the order of the agenda and not necessarily the chronological sequence of the meeting. 1. PUBLIC COMMENT None. 2. CONSENT AGENDA a. Estes Valley Planning Commission minutes dated April 17, 2007. b. AMENDED PLAT, Lots 39 & 40, Reed's Subdivision, Sharon Sperte/Applicant- Request to change the existing boundary line between two lots from a north- south orientation to an east-west orientation; no additional building sites are proposed c. AMENDED PLAT, Lot 3, Chiquita Subdivision & a Metes and Bounds Parcel located at 499 MacGregor Avenue, Trevor Speake/Applicant-Request to combine two parcels into one lot d. PRELIMINARY SUBDIVISION PLAT, GRUEFF-EDWARDS SUBDIVISION, Lot 4, Stanley Historic District, Lot4ED, LLC/Applicant-Request by property owner (Town of Estes Park) to continue to July 17, 2007 Estes Valley Planning Commission meeting e. PRELIMINARY SUBDIVISION PLAT, KEARNEY SUBDIVISION, Portion of Lot 12, South St. Vrain Addition, Kearney & Sons Enterprises, LLC/Applicant-Request to continue to July 17, 2007 Estes Valley Planning Commission meeting It was moved and seconded (GranUKIink) that the consent agenda be accepted, with the findings and conditions recommended by staff for items "b" and "c", and the motion passed unanimously. RECORD OF PROCEEDINGS " Estes Valley Planning Commission 2 May 15, 2007 3. AMENDED PLAT, Proposed Park Lane Subdivision, Lots 9,10,11,12, & a Portion of Lot 8, Block 1, Second Amended Plat of Town of Estes Park, 205 Park Lane, Applicant: Zach Wheatley Planner Shirk stated the applicant has requested continuance of this item to the June 19, 2007 Estes Valley Planning Commission meeting. Public Comment: None. It was moved and seconded (Amos/Eisenlauer) to continue the request for an Amended Plat of Lots 9, 10, 11, 12, and a Portion of Lot 8, Block 1, Second Amended Plat of Town of Estes Park to the Estes Valley Planning Commission meeting on June 19, 2007, and the motion passed unanimously. 4. CHARLES HEIGHTS, LOTS 4, 5, AND 10; 1130 Hill Road; Applicant: Warner Reeser, Jr. a. REZONING, LOT 4, FROM E-1-Estate to RE-Rural Estate b. AMENDED PLAT, LOTS 4, 5, AND 10 Planner Shirk reviewed the staff report. This is a request to rezone Lot 4 from E-1-Estate to RE-Rura/ Estate zoning, to combine Lots 4 and 5, and to vacate a portion of right-of- way and dedicate easements. The access road to the property does not follow the platted right-of-way. Vacating the portions of the right-of-way and dedicating easements corrects this error and provides space for an emergency turnaround. This request was routed to all applicable reviewing agency staff and to neighboring property owners for consideration and comment. No significant issues or concerns were expressed by reviewing staff relative to code compliance or the provision of public services. Comments were received from Town Attorney Greg White, Upper Thompson Sanitation District, and Larimer County Engineer Department, Health and Environment Department, and Assessor's Office. Comments were also received from neighboring property owner Mike Kellam regarding a labeling error on the plat. Public Comment: None. It was moved and seconded (Klink/Tucker) to recommend approval of the Rezoning of Lot 4, Charles Heights and the Amended Plat of Lots 4, 5, and 10, Charles Heights to the Larimer County Board of County Commissioners, and the motion passed unanimously. 5. KUNDTZ SUBDIVISION, Lot 1, Block 1, Ferpuson Subdivision & a Portion of the SW 1/4 of the NE 1/4 of $35-T5N-R73W of the 6~ P.M., 821 E. Riverside Lane, Applicant: Habitat for Humanity of Estes Valley, Inc. a. REZONING FROM A-1-Accommodations to R-1-Residentia/ b. MINOR SUBDIVISION PLAT Commissioner Amos recused himself due to his membership on the Board of Habitat for Humanity of Estes Valley and left the dais. Planner Shirk reviewed the staff report. This is a request by Habitat for Humanity to rezone a 0.70-acre parcel from A-1-Accommoda#ons to R-1-Residen#a/ zoning and to subdivide the parcel into three lots. Prior to the comprehensive rezoning in 2000, the property was zoned T-Tourist, which did not have a density limit. The rezoning will preclude accommodations development and any short-term-rental use of the property. It would allow one additional residential unit to be built and restrict the use to single-family residential. All three dwellings would be deed-restricted for a period of twenty years to DRAFT , 1 RECORD OF PROCEEDINGS Estes Valley Planning Commission 3 May 15, 2007 provide for attainable housing. The property is currently located in unincorporated Larimer County, and the plans were routed to county staff as part of the review. However, the applicant is requesting that the Town of Estes Park annex the property. If the property is annexed, the decision-making body for the rezoning and subdivision applications will be the Town Board. Estes Valley Development Code (EVDC) Section 3.3.C requires rezonings to be necessary to address changes in conditions in the areas affected, be compatible and consistent with the policies and intent of the Comprehensive Plan and with existing growth and development patterns in the Estes Valley, and that service providers have the ability to provide adequate services and facilities. Planner Shirk stated median housing values have increased in the Estes Valley since 2000, "pricing ouf' residents who earn 80% of median income, which is the standard established by the EVDC to qualify for the R-1 zoning district. (Habitat for Humanity targets those whose income is 50% or less of median income.) The Comprehensive Plan encourages a variety of housing types and price ranges be integrated and dispersed throughout existing neighborhoods, encourages housing infill within the existing urban area, and ongoing identification of affordable housing opportunities; the proposal helps implement these policies. Adequate public facilities are available for this development. The EVDC requires a minimum lot width of 75 feet at the building line; proposed Lot 1 has a width of 67 feet. The applicant also requests a front-yard setback of 11.25 feet for proposed Lot 2 in lieu of the 15 feet required in the R-1 zoning district. Minor modifications must be granted by the Planning Commission for these requests to be approved; the EVDC allows the Planning Commission to grant up to a 25% modification to dimensional standards. Staff suggests granting these modifications helps implement goals in the Comprehensive Plan and relieves practical difficulty in developing the site. Each proposed lot exceeds the minimum required square footage of 5,000 feet. With the exception of these two requested minor modifications, the proposal complies with applicable sections of the Estes Valley Development Code. The applicant proposes one driveway to serve all three units; planning staff recommends the driveway be assigned a street name to avoid confusion about the location of the western lot. Sidewalk will be constructed along Riverside Drive for eventual connection to the sidewalk system being developed along that road. An existing sewer line crosses the southeast portion of the site. The line will remain in place until a point just south of the proposed driveway. From that point north, a new main will be installed, and the lots will feed into this main; easements must be dedicated for the new lines. The proposed sewer plan must be reviewed and approved by the Upper Thompson Sanitation District. Any future residence on proposed Lot 3 will be located in the southern portion of the lot so that gravity-feed sewer service is possible; no lift station will be installed. An eighteen-inch water main also crosses the southeast portion of the site; the proposed easement for this line should be twenty feet rather than the fifteen feet proposed. Individual service lines will come from this main, and appropriate easements should be dedicated. One new fire hydrant is proposed and will be located south of the driveway just off Riverside Drive. The subdivider shall install electric service and a street-lighting system; electric lines and other utility services must be placed underground. The stormwater drainage plan was reviewed by the Larimer County Engineering Department, which requested more information regarding the off-site path of flow. The plan must verify and state that the increased flows from this site will not cause adverse impacts downstream at the RV park. Significant trees on the site shall be protected; if any significant trees are removed, now or in the future, replacement is required on a two-to-one basis, in accordance with EVDC Section 7.3, Tree and Vegeta#on Protec#on. The proposed landscaping satisfies the district-buffer requirements of the EVDC, although the Planning Commission may choose to require additional landscaping to increase buffering. DRAFT RECORD OF PROCEEDINGS Â£ ' Estes Valley Planning Commission 4 May 15, 2007 This request was routed to all applicable reviewing agency staff and to neighboring property owners for consideration and comment. No significant issues or concerns were expressed by reviewing staff relative to code compliance or the provision of public services. Comments were received from Town of Estes Park Light and Power Department, Town Attorney Greg White, Upper Thompson Sanitation District, and Larimer County Engineering Department, Planning and Building Services, and Department of Health and Environment. Written comments opposing the request were received from neighboring property owners Michael Meyer, Andrea Wildman, and Steven Piper. General concerns were decreased property values, increased density, overabulldance of low- income housjng concentrated in the area, traffic danger, loss of wildlife habitat, pets at large, junky yards. The Plannihg Commission must find that approval of a minor subdivision will not be materially detrimental to the public welfare, injurious to other property in the neighborhood, or in conflict with the purposes and objectives of the development code. In addition to requiring additional landscaping, the Planning Commission could choose to prohibit outdoor storage, prohibit or limit fencing on the property, and limit the number of vehicles that can be parked on the property. (The development code Â·wbuld allow four vehicles at each residence; the Planning Commission may impose more restrictive parking limits.) Planner Shirk read the staff findings found in the staff report and stated that staff recommends approval of the rezoning and minor subdivision requests. Discussion followed between Planning Commissioners and staff, summarized as follows. â€¢ The Town Board may not approve annexation of the property. â€¢ It is generally agreed that affordable housing does not negatively impact neighborhood property values when it is dispersed., â€¢ It appears unlikely that a lift station for proposed Lot 3 would be approved by the sanitation district, nor could one be required. â€¢ The site is currently zoned A-1, low-density accommodations, which allows residential use. The availability of accommodations units for the traveling public may decrease over time as accommodAtions-zoned condominiums are occupied for more of the year by future owner/retirees; however, the number of rooms available to travelershas increased dramatically in the last ten years. â€¢ The amount of accommodations-zoned property is limited, and the Planning Commission should exercise caution when considering rezoning from commercial (accommodations) use to residential usd. â€¢ The subject property is not located on an arterial road. â€¢ The applicant proposes two parking spaces at each residence; the EVDC allows up to four vehicles per home. Future residents may park vehicles along the driveway. The Fire Chief has not expressed concern about emergency vehicle access to the proposed lots. Planning staff suggests further parking restrictions for this property. â€¢ There is no precedent for limiting parking specifically, but there is precedent for imposing restrictions on rezonings. â€¢ Code enforcement of zoning violations, i.e., parking violations, can be a lengthy process. Public Comment: Matthew Heiser, Habitat for Humanity (HfH) of Estes Valley Board Member, provided a brief description of HfH work in the Estes Valley. HfH offers the only .single-family residential affordable housing program in the area. Owners purchase the residences from HfH; they are not transient. The proposed homes are in the scale and character of other residences in the neighborhood. Three much larger homes (up to 5,000 square feet) could be built on the property by any developer, provided one was designated as an attainable unit. HfH will provide benefit to the adjoining neighbor to the south by providing a sewer access easement. A lift station for proposed Lot 3 cannot be provided. The fire hydrant Mr. Shirk mentioned is already existing. Rezoning the property will increase landscape buffering by requiring district buffering along three property lines rather than the current DRAFT r , RECORD OF PROCEEDINGS Estes Valley Planning Commission 5 May 15,2007 requirement for buffering along solely the western property line. HfH will create covenants for the subdivision to limit parking and outdoor storage and would welcome additional parking and outdoor-storage restrictions imposed by the Planning Commission. HfH builds quality homes and adds neighborhood value by installing public improvements such as paved road, sewer, etc. One small tree on proposed Lot 2 is planned for removal; HfH intends to preserve all other healthy trees on the property. HfH is no different from a financial institution when it comes to legal ability to address complaints regarding zoning violations. It is not economically feasible for HfH to develop the property if fewer than three homes are built. Annexation to the town will provide a smaller required right-of-way width. Mr. Heiser contended that prior to adoption of the EVDC, there was no affordable housing zoning anywhere in the Estes Valley. The EVDC provides for the R-1 zoning district but did not designate any R-1 zoning with the valley-wide rezoning in 2000; therefore, it is implied to "go find it." While it might not seem good to have an HfH subdivision next to you, HfH is beneficial to the community because it creates homes for those who provide service support for the community. Neighboring property owners Steve Piper and Susan Fenton, 1161 Strong Avenue, and Andrea Wildman and Lew Townsend, 1121 Strong Avenue, each addressed the Planning Commission and expressed support for the goals and works of Habitat for Humanity but opposition to the requested rezoning and subdivision. Shared concerns include: â€¢ unkempt yards and excessive outdoor storage by owners of existing HfH homes in the Estes Valley; â€¢ too much density is proposed for the property; only one or perhaps two units should be developed on the lot; â€¢ approval of the requests will result in a high concentration of HfH homes in one neighborhood (four of the fourteen HfH homes in the Estes Valley); â€¢ property values will decrease; â€¢ an excessive number of vehicles will be parked on the property; â€¢ traffic safety will be compromised because the access point is close to a sharp curve where vehicles commonly speed; â€¢ HfH has no jurisdiction over the homes once they are sold into private ownership. Mr Piper and Ms. Fenton stated they cannot use their backyard because the dog at a neighboring HfH home runs loose and is threatening. Ms. Fenton was frustrated with the enforcement process when she contacted the town and was told to call the county. Ms. Wildman stated the applicant has requested a number of special considerations, including waiver of all fees, increased density, a change of zoning, reduced setbacks and lot width, and annexation. She encouraged full consideration of all factors and expressed concern that the application should require a special use review. Mr. Townsend questioned whether the application required review and approval of the Estes Valley Board of Adjustment. He also expressed concern about impacts to wildlife that use the property and increased stormwater drainage off the site. Director Joseph stated the application has been reviewed following all required procedures as mandated by the Estes Valley Development Code. The "variances" are not required to be heard by the Board of Adjustment because the applicant's requests for minor modification are smaller than the 25% maximum variance to dimensional standards that the Estes Valley Development Code allows the Planning Commission to grant. Planner Shirk stated the requested modification to the lot width is due to a conflict in the development code language, which staff intends to correct. Leon Wiese, 831 Riverside Drive, stated he owns the adjoining property to the south. His sewer tap is located at the property line, and his service line does not extend onto the applicant's property. He expressed concern that an electric easement may not be shown on the plat and that the proposed gravity-feed sewer line for Lot 3 will not be functional. He objected to the reduced front-yard setback requested by the applicant for Lot 2 and the small, triangular-shaped building area remaining for a residence given the easements and setback requirements. DR-AFT RECORD OF PROCEEDINGS / 1 Estes Valley Planning Commission 6 May 15,2007 Ed Mellars, no address given, stated he is working on the 6~h Habitat home that he has helped construct. HfH homes are well-built and efficient; the most recently constructed home received a 5-star energy rating. Regarding vehicles that may be parked on the property, he stated twelve cars can't be parked on that lot because it isn't practical. Leta Nefzger, 1300 Mary's Lake Road, stated her property is not immediately adjacent to the site. She expressed a variety of concerns about storm drainage in the area and stated the water flows from the entire mountain across this property. She stated three houses on this lot are too many. Chair Hull called a recess at 3:35; the meeting reconvened at 3:46 p.m. Discussion among Commissioners and staff followed. Town Attorney White stated approval of the rezoning would require that the affordable housing guidelines provided in the EVDC be met; someone other than Habitat for Humanity may develop the property. Timing of the annexation request, right-of-way widths required by the town versus the county, and complaints and code enforcement were discussed. Town Attorney White stated if the requested zoning change is denied, there are no grounds for the minor subdivision request. Commissioner Klink stated the greatest burden of responsibility for the Planning Commission is when considering a change of zobing and noted the neighborhood is united in expressing concern about the proposed zoning change. Commissioner Kitchen noted two neighboring properties must agree to annexation before the applicant's property will be contiguous with current town limits. Commissibner Grant expressed his fundamental belief iri affordable housing. It was moved and seconded (Klink/Tucker) to recommend denial of the request to rezone Lot 1, Block 1, Ferguson Subdivision & a Portion of the SW 1/4 of the NE 1/4 of S35-T5N-R73W of the 6~h p.M. from A-1-Accommodations to R-1-Residential to the Estes Park Town Board of Trustees, and the motion passed unanimously. 6. REPORTS a. Staff-Level Review - D&velopment Plan 07-07,â€¢Rippling River, Metes and Bounds property addressed 2025 Moraine Avenue, Steve Eck and Steve Williams, Applicants. Planner Shirk stated the applicant had requested variatices to reduce the required 50- foot river setback, to allow a corner of a building to be located in the required setback from an arterial road, and to allow construction of a driveway within the required arterial setback. Â·These requests were denied by the Estes Valley Board of Adjustment on May 1, 2006. The applicant's development plan was denied based on non-approval of needed variances. Because 'the applicant proposed construction of fewer than ten units (the number which triggers review by the Planning Commission), this was a staff- level review. There being no further business, Chair Hull adjourned the meeting at 4:07 p.m. Betty Hull, Chair Julie Roederer, Recording Secretary DRAFT , RECORD OF PROCEEDINGS , I Li .i~ 11 4/4'Am 1 ' *p Regular Meeting of the Estes Valley Board of Adjustment June 5,2007,9:00 a.m. Board Room, Estes Park Town Hall Board: Chair Wayne Newsom; Members Cliff Dill, Chuck Levine, John Lynch, and Al Sager; Alternate Member Bruce Grant Attending: Chair Newsom; Members Dill, Lynch, and Sager Also Attending: Director Joseph, Planner Shirk, Planner Chilcott, and Town Clerk Williamson Absent: Member Levine, Recording Secretary Roederer Chair Newsom called the meeting to order at 9:00 a.m. 1. CONSENT AGENDA The minutes of the May 1, 2007 meeting. There being no changes or corrections, the minutes were approved as submitted. 2. LOT 6, REPLAT OF LOT 1, HOMESTEAD SUBDIVISION, 675 SUMMERSET COURT. Applicant: Roger Thorn. Thorp Associates. PC - Request for variance from Estes Vallev Development Code Section 1.9.D.2.a, Stream and River Corridors: Section 7.6.E.1.a(1). Building/Structure Setbacks: Section 7.6.F.1. Prohibited Activities: and Section 7.6.G. Preservation of Vegetation: to allow portions of a residence to be constructed across a stream corridor in lieu of the required 30-foot setback from stream corridors Planner Chilcott reviewed the staff report. This is a request for a variance to allow a one- story, 5,520-square-foot house (3,638 sf of finished space, a 912 sf unfinished garage, 970 sf unfinished attic, 840 sf of deck, a 130 sf patio, and a portico over the driveway of approximately 240 sf) with an intermittent drainage running through the property requiring a 30-foot setback. The petitioner is requesting variances from four sections of the Estes Valley Development Code to allow portions of a residence to be constructed across a stream corridor in lieu of the required 30-foot setback from stream corridors. This lot is almost twice the minimum size for "E" Estate zoning lots (.5 acre minimum); however, there are special circumstances on the lot including a drainage, steep slopes and a water line easement on the eastern property line which reduce the buildable area. However, staff does not find that the applicant has demonstrated practical difficulty sufficient to justify the variances requested. Staff is supportive of significant reductions in setback, but not as significant as those proposed by the applicant. Staff may be supportive of a building design that proposes building within a few feet of the bank and perhaps over the existing drainage channel if the portion of the structure crossing the channel is high enough to allow wildlife to pass under the structure. Staff is not supportive of the submitted design. It is the opinion of planning staff that the requested variances are substantial because the request involves reducing the setback from thirty feet to zero feet for the full length of the house, and building a deck and a portion of the house over the drainage. This request also includes reconfiguring/relocation a portion of the drainage. In considering whether the essential character of the neighborhood would be substantially altered or whether adjoining property owners would suffer a substantial detriment as a result of the variance, staff finds that the proposed house is significantly larger than all others in the neighborhood and may impact the character of the neighborhood. F , RECORD OF PROCEEDINGS Estes Valley Board of Adjustment 2 June 5,2007 In considering whether the requested variances represents the least deviation from the regulations that will afford relief, staff suggests the proposed setback from the front property line could be reduced, the driveway could be redesigned, the deck proposed over the drainage could be removed/relocated, and/or the shape and size of the home could be redesigned. This request was submitted to all applicable reviewing agency staff and to neighboring property owners for consideration and comment. Comments were received from the Town's Building Department, Public Works Department, Light & Power Department, Water Department, Town Attorney White and Keith Keenan of Alpine Anglers. Written comments were received from Michael Harris a neighboring property owner. Planning staff recommends denial of the requested variance as submitted due to the failure to demonstrate practical difficulty sufficient to justify the requested variance requests. Public Comment: Mark Elrod/applicant reviewed the purchase of the lot and development of the house plans with Thorp Associates. He stated the house plans were submitted to the HOA's architectural control committee in March of 2007 and received approval. He sighted the Development Code sections in which they seek relief and quoted the Comprehensive Plan, "The land shall be developed to fit the land and maintain tree coverage and development standards should be reasonable, understandable and responsible." Mr. Elrod questioned the map used to make staffs determination that a drainage runs through his property. He confirmed the stream and river corridor map used in the Estes Valley Development Code was developed by the USGS in the 1970s and is static. Over the years classifications have changed; however, the maps have not been updated to reflect the changes. He stated the drainage on the property would now be classified as a swale and not a stream. He also questioned the need to preserve the riparian vegetation. His research into the definition of riparian and thd flora existing within a riparian corridor concluded a lack of riparian vegetation on the property. The predominant tree species on the property is ponderosa pine, a xeric tree species. The Elrods have hired an engineering firm to determine whether or not the swale could and would handle a 100-year flood event. The home would need to be retrofitted and the swale modified to accommodate such an event; however, the intent and purpose of the code are not compromised with the requested variances. The granting of the variance would not be detrimental to the neighborhood. He stated without the variances the property value will diminish. Mr. Elrod reviewed staff findings and disagrees with many of the findings including the home could be redesigned to fit the restrictions on the lot, redesigned to accommodate the wildlife, out of character with the neighborhood, significantly larger than other homes, property was not purchased with the knowledge of the code requirements, this issue can not be mitigated through other methods. He stated the design of the driveway and home has been designed to preserve as many trees as possible. Roger Thorp/Thorn Associates designed the proposed house. He stated during site visits there has been no evidence of running water through the property during the wet spring. A site analysis was developed prior to the design to maintain the trees, views and access while recognizing the setback requirements and utility easements that limit the buildable area. The scale of the proposed home is within the character of the neighborhood. To accommodate the stream corridor requirements a 2-story home would need to be built and a number of trees removed. The drainage can be modified to accommodate a 100-year event that is safe for the inhabitants and does not change the historic flow down slope. John Spooner/Van Horn Engineering reviewed the hydrology/hydraulics analysis for the property. A culvert system was originally developed. The property owners requested the .-I , 1 RECORD OF PROCEEDINGS Estes Valley Board of Adjustment 3 June 5,2007 swale be modified to handle a 100-year event. A fabric material would be used with native grasses that would channel the water away from the home but not change the drainage path down slope. Staff is concerned this design is not the least deviation that affords relief. Dir. Joseph stated the water flow will be concentrated and could cause drainage concerns to properties down slope. Selene Lebeau/Van Horn Engineering performed a site visit and determined the vegetation on site is predominately upland plants with a few wetland plants on the edge of the swale. The swale is entirely vegetated and does not contain wetland plants, no defined bank, no erosion and no sign of soil deposition. Mr. Baker/Property Owners Association spoke in favor of the request and does not recognize a stream on the property. Chair Newsom stated staff has followed the guidelines of the Development Code to make their determination, however, the historic swale does not show any signs of erosion. Dir. Joseph stated the upstream condition and vegetation demonstrate the legitimacy of mapping the area as a drainage. It was moved and seccnded (Lynch/Sager) to approve the variance requests for Lot 6, Replat of Lot 1, Homestead Subdivision, and the motion passed unanimously. 1. Compliance with the submitted plans, with the exception that the site plans shall be revised to: a. Accurately reflect the proposed building location. Per a conversation with Amy Plummer, Van Horn Engineering and Surveying, on May 29, 2007, the field staking includes a slight shift in building alignment to better match the existing drainage swale and result in less grading than shown on Sheet A02. b. The house design shall be revised so that the no portion of the building encroaches into easements. Utility and water line easement encroachments shown. Significant modifications to design will require addition Board review. c. Show all setbacks and show them accurately. This includes showing all property lines setbacks, i.e. the fifteen-foot, rather than thirty-foot front setback, and the fifteen-foot rear and ten-foot side setbacks. This also includes showing the thirty-foot stream setback measured from the thread of the drainage. 2. A Colorado registered engineer shall stamp the drainage report and site plan. 3. A registered land surveyor shall set the survey stakes for the foundation forms. After the footings are set, and prior to pouring the foundation, the surveyor shall verify compliance with the variance and provide a setback certificate. 4. The plans submitted with the building permit application shall comply with the comments in Will Birchfield's memo to Alison Chilcott dated May 25,2007. 5. The plans submitted with the building permit application shall comply with the comments in Greg Sievers' email to Alison Chilcott dated May 21,2007. 6. Compliance with Mike Mangelsen's memo to Bob Goehring dated May 23,2007. Public Works Department has the ability to waive any requirements that they determine are not applicable to this project. 7. Per the Public Works Director a drainage easement shall be recorded. 3. REPORTS None. There being no further business, Chair Newsom adjourned the meeting at 11:06 a.m. Wayne Newsom, Chair Jackie Williamson, Town Clerk Â£ n / . 4 t *P rÂ·. t. I 1 1 1 Ill TOWN Of [ST[$ PARK Community Development Department Memo To: Honorable Mayor Baudek Board of Trustees Town Administrator Repola From: Alison Chilcott, Planner 11 Date: June 22,2007 Re: Utility Easement Vacation, Mountain Creek Townhome Condominiums, Unit 7, Building K, 255 Steamer Court, Brian Murphy/Applicant Background. This is a request by the owners of 255 Steamer Court to vacate a portion of a utility easement that runs along the Mountain Creek Townhome Condominiums' western property line. A portion of a deck and patio encroaches into this easement. This application has been routed to utility providers and all were supportive of the easement vacation. The Public Works Committee recommended approval of the vacation request at their June 14, 2007 meeting. Budget. -41 4 /3 None. .1, 00 :\.1 7 4.fy,0 9,UR:C 01 S â„¢IC T Action. 9,3y-1 ~",1 '/9 /-- 44 /&4 4 Â·f*k 44 4 9 â€¢ acr Approval of this easement vacation $ \*3954 1 request conditional to submittal of a ,? 33: '*9\~1 X % Mountain Cred*2444.... - loondos > 4 f.#-- - quit claim deed and exhibit vacating "_-#* Easemen-t ;W *6' -f t. the easement, in a form approved by /3 Vacation Af-a --|~, ~ =r~ 71 -__ ____- the Town, within thirty days of Town / 3~~Â®ef E,-pal. LIUTIOTIC ~- 255 Steamer Ct. Board approval. The exhibit shall 'Â» 3,ST--t--~-Â·-~~*.ten __ ___--___-iw---~I~\ include the following: Section, 3 ----67 1435 4 --'~r-â€¢~0'â€¢C:ERY,47>r.- \ 7,#j--*K: 101.-- i Township, Range, County, and State- --: . 2 9,1 + t 8 v-*%F' Kan* Wk- OS in the title, a location map, and the 1\ 1 -4. 0 0 49 1 rten 1 \\ 11 - Steamer Court street name. The - L following wording, which is partially IS and Mapp ng Depanment. 4.94 rn, 1 3 1,9 a *'I'.'...I- truncated and does not appear to be relevant to the exhibit, shall be removed, "concrete and decks completed at time of d work." TOWN Of ESTES PARK Community Development Department Memo To: Honorable Mayor Baudek Board of Trustees Town Administrator Repola From: Alison Chilcott, Planner 11, and Bob Joseph, Community Development Director Date: June 21, 2007 Re: Bobcat Ridge Condominiums, Units 1 & 2, Lot 2A, Shanafelt Minor Subdivision, Van Horn Engineering/Applicant Background. The applicant has submitted a final condominium map application for Lot 2A, Shanafelt Minor Subdivision, which is located at the northwest side of the South Saint Vrain Avenue (CO Highway 7)/Tranquil Lane intersection and is zoned "RM" Multi-Family Residential. On December 19, 2006, the Planning Commission conditionally approved a development plan to construct two residential duplexes (four units) and one single-family-residential unit on this 0.92-acre lot. The Town Board reviewed and approved the preliminary condominium map for this property on January 23, 2007 with the condition that the condominium declaration addresses animal-proof garbage containers. Budget. None. L 1 -ll - Duplex S-F Action. - a 1 U " Approval of the application with the 34 Undeveloped ~ Sitl following conditions: the condominium - r'V map shall be submitted in final plat ..1--19 L_1 form, the declaration shall address ; rn 1 rÂ·,- .E-1" animal-proof garbage containers, and ranquil Ln,/ / the declaration and approved development plan shall address garbage collection in a consistent 7.- \ manner. The development plan anticipates a dumpster and the declaration (Article VIII.B.9) anticipates individual garbage cans. 1 1 u, TOWN Of {ST{$ PARK Community Development Department Memo To: Honorable Mayor Baudek Board of Trustees Town Administrator Repola From: Alison Chilcott, Planner 11, and Bob Joseph, Community Development Director Date: June 21, 2007 Re: Cooper-Speake Amended Plat, an Amended Plat of Lot 3, Chiquita Subdivision, a Portion of Lot 138, Al Fresco Place Addition, and a Portion of the SW 14 of the SE 1/4 of Section 24, Township 5N, Range 73 West, Trevor Speake/Applicant Background. The applicant has submitted an amended plat application for the above-referenced property, which is addressed 499 MacGregor Avenue. The plat combines two parcels into one lot. The property owner and applicant submitted a building permit application, Building Permit #8225, on February 6,2007 to construct a new house on the two parcels in the same general location as the old house. During Planning staff's review of this application, staff noted that the proposed house was on two parcels and required recordation of an amended plat combining the two parcels into one lot prior to issuance of the certificate of % U-~ 71 /4,~Ill '- 1 occupancy. -1 \\fru f The property is zoned "Ed" Estate and is ~ ,~10(N&>-1 1~~ 3 - 0.63 acres in size. The Estes Valley ) h.-1-1 10-4. Planning Commission recommended )L jÂ«*\ 6 :4\ .1/'/ - conditional approval of the plat on May 15, 2007. Â»AN) 9.12-- Budget. LZV \ 4\ None. ,-# 4 ByR295-v--77\ 61 3 i VIAWMNI tiEIT-~~ 9 A Action. , Approval of the application with the findings and conditions recommended by the Estes Valley Planning Commission. , 1 1 1 TOWN Of ESTES PARK Community Development Department Memo To: Honorable Mayor Baudek Board of Trustees Town Administrator Repola From: Alison Chilcott, Planner 11, and Bob Joseph, Community Development Director Date: June 21, 2007 Re: Shops at Riverwalk East Condominiums, Supplemental Condominium Map #1, Unit 12, Shops at Riverwalk East Condominiums, Michael Figgs and Nancy Lederer/Applicant Background. This is a supplemental condominium map application to subdivide Unit 12, located on the second floor of the building, into two units, Units 12A and 12B. The property is located at 356 East Elkhorn Avenue (US Highway 34) and is zoned "CD" Commercial Downtown. This application was routed to the Building Department for review and Will Birchfield, Chief Building Official, noted in his May 30,2007 memo, "There are existing building code violations of a life-safety nature. All such violations shall be abated prior to final approval of the Condominium Map." If the violations are not addressed within 60 days of Town Board approval of this application, the application shall become null and void and the map will not be recorded with the Larimer County Clerk and Recorder's Office. 0 Budget. 1_0 04.1 + None. . 1 .., 1\\ \ Â»11 .....1.32--1 4 I...lilli. 01. 44 C' L---ce -g-i-- 17045/ Action. f\2/ , \ E>-<5 911 . 4..24 I \ 4 \ .j*1' Approval of the application f with the following atlÂ« 7. SITE _2 --2 L.-- ~~\ *, .24.-- 4% conditions: \-i*,0-----VIX, t ' g 9 1 1.00 4 - 02- - '0,0, 1. Compliance with Will UN\\\.\\ ~\~ l-$5600 --,r- -Â«Â«f- t>ffo - , 49 1 UTU PROSPEL 1 MOUNLUN Birchfield's memo to .Â° 41.3-tÂ·.r L ..---~- 4Â·4 , f'' '9'f' .-' .... 0. -.-o':e Alison Chilcott dated May 30,2007. /---,142-]--- 1 j J 1 ---20<Â»Rehe#* D to! 5. 9 ImiÂ· 1.20Â©AOS ' 10-0, Enee Plk 1. -g 1% 0,00 621 Â£ 0 - - \.~ h. ..4-10 324 05 2 1. Â£ \ . --=-===U==---1Â£- . - : -- 2Â» I --, .Â»1~ 1 YU-:2~arimenta ./ 2. Compliance with Greg Sievers' email to Alison Chilcott dated May 29,2007. This , does not require any additional action on the part of the applicant. 3. Compliance with Mike Mangelsen's memo to Bob Goehring dated May 25,2007 as modified by Jeff Boles' email to Alison Chilcott on June 13,2007. 4. The vicinity map shall be to-scale at a scale of 1 inch = 1,200 feet or less. 5. The most current legal description for the property immediately to the east shall be provided on the condominium map (East Riverwalk Center Condominiums). 6. A 1/8th-inch hatching shall be provided around the perimeter of the lot. 7. East Elkhorn Avenue shall also be labeled as US Highway 34. 8. The dedication statement shall be consistent with the standard format in the Estes Valley Development Code and shall reference the recorded condominium map and declaration reception numbers. 9. The name of the condominium map shall be consistent in the title, the dedication statement, and the Surveyor's Certificate. 10. The distances and bearings shall be clarified. Note #2 states that "all bearings and distances shown hereon are actual and as platted." However, in a number of other locations on the map different actual verses piatted distances and bearings are provided. â€¢ Page 2 Audit Committee lemo To: Honorable Mayor Baudek Board ofTrustees Town Administrator Repola From: Steve Mcfarland, Finance Officer Date: June 26,2007 Subject: 2006 Comprehensive Annual Financial Report (CAFR) Background The Town of Estes Park undergoes an annual independent audit of its financial statements. The audit report for the year ended December 31, 2006 is complete and has been presented to the Audit Committee by the independent auditing firm of Swanhorst & Company, LLC. The independent auditors' report expressed an unqualified opinion that the financial statements presented fairly, in all material respects, the financial position of the funds and activities of the Town of Estes Park in conformity with Generally Accepted Accounting Principals (GAAP). There were no findings or material weaknesses. Comments made by the Government Finance Officers Association (GFOA) regarding previous years have been addressed. The Audit Committee met with Wendy Swanhorst, President of Swanhorst & Company, LLC on June 21, 2007. The Committee conditionally accepted the 2006 CAFR, pending completion of the supplementary "Management Discussion and Analysis" and "Statistical Tables". GASB 44 required a complete reworking of the statistical section and data is still being sought. These sections will be made available before the Tuesday June 26,2007 Town Board meeting and are currently under final review by Swanhorst & Company, LLC. . Rplevant information as cited in the auditors' report was duly noted by the Audit Committee in its review of the CAFR at the Committee meeting on June 21, 2007. Some items have already been addressed between the date of this memo and the time of the Town Board meeting on June 26,2007. The 2006 CAFR not only satisfies government and legal accounting standards, but also reflects the professionalism and determination of the Town administration and staff to effectively manage the Town finances. It is clear from our review that the Town Board and staff share a strong sense of fiscal responsibility to ensure the continued economic well-being ofthe Town. 1-M R Kyle Logan, CPA, (project manager of the 2006 audit process and CAFR) of Swanhorst & Company LLC, will be at the June 26, 2007 Board meeting to speak to the Town Board. He will make comments in regards to the audit and CAFR process and be available for questions. Action steps requested The Audit Committee recommends acceptance of the audit report and Comprehensive Annual Financial Report for the year ended December 31, 2006. â€¢ page 2 . Jung,~ Honorable Mayor and Members of the Board of Trustees Town of Estes Park Estes Park, Colorado We have audited the fi*Â®*flkiements ofthe Town of Estes Park (the "Town") for the year ended December 31, 2006, and have issued ouÂ¢WMort thereon dated June 8,2007. Professional standards require that we provide you with the following information related to our audit. Our Responsibility under Generally Accepted Auditing Standards As stated in our engagement letter, our responsibility, as described by professional standards, is to plan and perform our audit to obtain reasonable, but not absolute, assurance about whether the financial statements are free ofmaterial misstatement. Because an audit is designed to prm,ide reasonable, but not absolute, assurance and because we did not perform a detailed examination ofall transaÂ¢~, there is a risk that material misstatements or noncompliance may exist and not be detected by us. Inf.4ditiorr, an audit is not designed to detect immaterial misstatements or violations of laws or regulations that do no*ve a direct and material effect on the financial statements. In planning and performing our audit ofthe financial statements, we considered the Town's internal control as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the Town's internal control. Accordingly, we do not express an opinion on the effectiveness ofthe Town's internal control. Significant Accounting Policies Management has the responsibility for selection and use of dppropriate accounting policies. In accordance with the terms ofourengagement letter, we will advise management about the appropriateness ofaccounting policies andtheir application. The significant accounting policies used by the Town are described in Note 1 to the financial statements. During 2006, the Town changed its policy for measuring unbilled utility revenue and has adjusted the net assets as of December 31, 2005. We noted no other transactions entered into by the Town during the year that were both significant and unusual, and of which, under professional standards, we are required to inform you, or transactions for which there is a lack of authoritative guidance or consensus. Accounting Estimates Accounting estimates are an integral part of the financial statements prepared' by management and are based on management's current judgments. Certain accounting estimates are particularly sensitive because of their significance to the financial statements and because of the possibility that future events affecting them may differ significantly from management's current judgments. We evaluated the key factors and assumptions used to develop the significant estimates in determining that they are reasonable in relation to the financial statements taken as a whole. a * Significant Audit Adjustments For purposes of this letter, professional standards define asignificant audit adjustment as a proposed correction of the financial statements that, in our judgment, may not have been detected except through our auditing procedures. We provided management with a schedule ofaudit adjustments. An audit adjustment may or may not indicate matters that could have a significant effect on the Town's financial reporting process (that is, cause future financial statements to be materially misstated). Management has determined that the effects ofthe uncorrected misstatements are irnmatefi~t~both individually and in the aggregate, to the financial statements taken as a whole. In our judgment, non &o&i~*#3jvustments we proposed, whether recorded or unrecorded by the Town, either individually or in the aggrekgÂ¢Ftndicate matters that could have a significant effect on the Town's financial reporting process. Disagreements with Management For purposes of this letter, professional standards define a disagreementwith management as a matter, whether or not resolved to our satisfaction, concerning a financial accounting, reporting, or auditing matter that could be significant to the financial statements or the auditor's report. We are pleased to report that no such disagreements arose during the course of our alldit. Consultations with O ~~7pendent Accountants In some cases, management may decide to consult with other accountants about auditing and accounting matters, similar to obtaining a "second opinibn" on certain situations. If a consultation involves the application of an accounting principle to the Town's financial statements or a determination ofthe type ofauditors' opinion that may be expressed on those statements, our professional standards require the consulting accountant to check with us to determine that the consultant has all the relevant facts. To our knowledge, there were no such consultations with other accountants. Issues Discussed Prior to Retention of Inded#MIRt Auditors We generally discuss a variety of matters, ird|Rding the application ofaccounting principles and auditing standards, with management prior to retention as the Town's auditors. However, these discussions occurred in the normal course of our professional relationship and our responses were not a condition to our retention. Difficulties Encountered in Performing the Audit We encountered no significant difficulties in performing our audit. Other Information General Fund The General Fund fund balance decreased again this year by approximately $1.2 million to less than $3 million. The projected budgets for 2007 and 2008 show additional decreases totaling approximately $500,000. As we mentioned last year, if the Town continues on this spending trend, the General Fund could be in a deficit situation in less than three years. Other Post Emplovement Benefits (OPEB) The Town currently offers health insurance benefits to certain employees afte*ktirement from the Town. New accounting standards will require the Town to measure and report this liability by the end of 20b9. The liability may be significant, and ongoing actuarial studies will be required. Gathering the necessary information to implement the new accounting standards will take some time. We understand that Town staff has begun this process. Conclusion We would like to thank Steve Mcfarland, Debbie Parrack,Debbie McDougall, and the entire Town staff for making the audit process efficient and enjoyable. Everyone was very helpful and cooperative. This report is intended solely for the information and use of the Board ofTrustees and management ofthe Town of Estes Park and is not intended to be and should not be used by anyone other than these specified parties. Abik Very.mily.yours, %1/ AUW Swanhorst & Company LLC .,4. 47? Â£/:,/*A 4- 1/0 40. . h TOWN OF ESTES PARK, COLORADO COMPREHENSIVE ANNUAL FINANCIAL REPORT 12;@0- For the Year Ended December 31, 2006 9'r . Prepared By FINANCE DEPARTMENT , 0 TABLE OF CONTENTS PAGE INTRODUCTORY SECTION Title Page &4... = TabldbICA tents i-iv List of Principal Officials v Organization Chart vi GFOA Certificate of Achievement vii Transmittal Letter Viii - Xii FINANCIAL SECTI~~ Independent Auditors' Report Management's Discussion and Analysis a-h Basic Financial Statements Statement of Net Assets 1 Â£...Ate Statement of Activities 2 Balance Sheet - Governmental Funds 3 Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds 4 Reconciliation ofthe Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statemen~Â£Activities 5 Statement of Net Assets - Proprietary Funds 6 Statement of Revenues, Expenses and Changes in Fund Net Assets - Proprietary Funds 7 Statement of Cash Flows - Proprietary Funds 8 Statement of Fiduciary Net Assets 9 Statement of Changes in Fiduciary Net Assets 10 Notes to Financial Statements 11-32 1 TABLE OF CONTENTS (Continued) PAGE FINANCIAL SECTION (Continued) Required Supplementary Information ~unding Progress - Volunteer Firefighter's Pension Plan 33 General Fund - Budgetary Comparison Schedule 34 - 35 Community Reinvestment Fund - Budgetary Comparison Schedule . 36 Convention/Visitor Bureau Fund - Budgetary Comparison Schedule . 37 Notes to Required Supplementary Information 38 Combining and Indivig,AP Statements and Schedules .r Governmental Funds e Combining Balance Sheet - Nonmajor Governmental Funds 39 Combining Statement of Revenues, Expenditures and Changes in Fund Balances - 40 Nonmajor Governmental Funds Museum Fund - Budgetary Comparison Â§2421* 41 Â£19#En Conservation Trust Fund - Budgetary'i~son Schedule 42 Open Space Fund - Budgetary Comparison Schedule 43 Senior Citizens Fund - Budgetary Comparison Schedule 44 Urban Renewal Authority (Special Revenue) - Budgetary Comparison Schedule 45 Park Entrance Estates - Budgetary Comparison Schedule ,~ 46 Urban Renewal Authority (Capital Projects) - Budgetar~son Schedule 47 Building Authority - Budgetary Comparison Schedule 48 Urban Renewal Authority (Debt Service) - Budgetary Comparison Schedule 49 Enterprise Funds Light and Power Futid - Budgetary Comparison Schedule 50 Water Fund - Budgetary Comparison Schedule 51 ii TABLE OF CONTENTS (Continued) PAGE FINANCIAL SECTION (Continued) Combinine;*Rd Individual Fund Statements and Schedules (Continued) te ~Â¥ Internal Serfice Funds ,,4227< Combining Statement ofNet Assets 52 Combining Statement of Revenues, Expenses and Changes in Fund Net Assets 53 Combining Statement of Cash Flows 54 Fleet Maintenance Fund.a~dgetary Comparison Schedule 55 ,-t'ZE .72Â¥ Health Insurance f~ Comparison Schedule 56 Information Technology Fund - Budgetary Comparison Schedule 57 Agency Funds Combining Statement of Changes in Assets and Liabilities 58 STATISTICAL SECTION Financial Trends V Net Assets by Component 59 Changes in Net Assets 60 Fund Balances of Governmental Funds 61 Changes in Fund Balances of Governmental Funds 62 #e Revenue Capacity Sales and Use Tax Revenue 63 Direct and Overlapping Sales and Use Tax Rates 64 Principal Sales and Use Taxpayers by Industry 65 Debt Capacity 4~ Ratios of Outstanding Debt by Type 66 Direct and Overlapping Governmental Activities Debt 67 iii TABLE OF CONTENTS (Continued) PAGE STATISTICAL SECTION (Continued) Debt Capa441{Continued) Legal,~*Margin 68 Pledged Revenue Coverage 69 Demographic and Economic Information Demographic and Economic Statistics 70 Principal Employers 71 Operating Informatid;~037 Full Time Equivalent Town Employees by Function/Program 72 Operating Indicators by Function/Program 73 Capital Asset Statistics by Function/Program 74 STATE COMPLIANCE Local Highway Finance Report 75 - 76 iV weartteÂ®F This page intentionally left blank. FINANCIAL SECTION . TOWN OF ESTES PARK LIST OF PRINCIPAL OFFICIALS TOWN GOVERNMENT The Town of Estes Park is governed by a Mayor and a six-member Board of Trustees. The Mayor and Trustees are elected for four-year terms. The Trustees each have one vote in town board meetings. The Mayor has the final vote on all issues in case of a tie. Listed below are the Town officials and principal staff members as of December 31, 2006. Mayor Elected 2004 John Baudek Trustees Elected 2004 Chuck Levine Elected 2004 Wayne Newsom Elected 2004 Bill Pinkham Elected 2006 Eric Blackhurst Elected 2006 Dorla Eisenlauer Elected 2006 Richard Homeier Staff Town Administrator Randy Repola Town Attorney Greg White Town Clerk Jackie Williamson Finance Officer Steve McFarland Director of Utilities Robert Goehring Chief of Police Lowell Richardson Director of Community Development Robert Joseph Director of Business Development Thomas Pickering Museum Director Betty Kilsdonk Municipal Judge Gary Brown Fire Chief Scott Dorman I..*48 Elitip :.24.8*Â»3:*.0 .:â‚¬521,3.- ., 224 3%34&93 Ail ' -- C.350Â·C QytÂ· Â·Â·,Â·41'41, 20 k.? E , Â£2788<t: 3Â«' â€žc'b2, * %.-Â£.:, - 1 Â·pr:2Â·41:~&'634? ' "C Z- -E' Â» h ....c.50,~Â· Â£52P Z .iff; 4-R E 42 21( ty=(?,445.- -fe,Mil.* % Â®*003 'P EL,.. 2%21 .. . te L L m-Â§ Amt , . ....23-li J?'/ ~ 93.k. 3/ 2 2Â§18: X i ir* 7.f " 1 C 4 62.mil E %.22 12 -,ti 1-%+Eel. S .-A p.Â· '066Â· .:, ,<m,ar er tt . 3.Â·..r.%'' ' I.&/'.I . ...p .... â‚¬ 0 . *' ti Â· .. 4 0 -1 .3 , U- 3 ' UlÂ· Â·-44* 4-4#14it+~9â‚¬4191-2.241% I.tte:~. ~ .5 4...3.WiÂ·*3~f*442:22 04Â«>. 35 i EM Â·> , iÂ«.8 #35 .% 2.35':3 E 5.0, . e'l'. .... J. <Aft. , .7 2 * .5 s e Q. / li z Ev.v 93.k b . Â§14% 9 . <0 9 qi (P 25.48 fe 4, +... D 1% U.1 1.3 Â£-INC 2. Q. - 44.40 2, f 412.0.its.8.2.,f:31%:5*11 1 11-4 . . t..4Â·4Â» W - ) ... k w- - Â· 0 C 2 b 0 i. :C O Â·~Â·-,3.: Â· tÂ·. :L - 25Ift-* E 20â‚¬ O t:Â· 4 ' Â§ 28 0 1- 2 2 >la:1 I t.:1 t . C 1 ..aaÂ» 2.- 1 Â·Â·ALA (6:4&3;umel, 00!lsnr eA' Bew .u0408//0 nox) U*Wdo/BAea EPUTY TOWN + 0JPAH JeNÂ¥ lied ..1. 1 4t / 4 104.. 1.14 1 lt,10~3 v <: I : l,(Mioedwl- . *2: .2.: enoceW*J:ft$ ~. ~ *~ '. ,2~~0 . Bu,[di Code of Appeals :... . .. nl A . Certificate of Achievement for Excellence in Financial Reporting Presented to Town of Estes Park Colorado For its Comprehensive Annual Financial Report for the Fiscal Year Ended December 31,2005 A Certificate of Achievement for Excellence in Financial Reporting is presented by the Government Finance Officers Association o f the United States and Canada to government units and public employee retirement systems whose comprehensive annual financial reports (CAFRs) achieve the highest standards in government accounting and financial reporting. p-,11 4 M n ific = 1,114 - President f*â€¢( 2 689 Executive Director 60 u d tor 1 -~ e AWARD OF FINANCIAL REPORTING ACHIEVEMENT Â£1301#0 2011014!zi 1143Utu.taA 341 4 pituass,d si juituaa)!40y 8up.odaw 10!0141)14!z[Jo P.IDAAD MI.L U!43!430 1!un luatull.13AO 4341 u! loluawn.lisu! SO palouZ.!sap (s -rcult ZY;*2:4 Â°' mor*JiÂ°tazoarn '10 '3Uu/odal popuoug-luatuu/3&08 ul P.IDA#D }Sati814 34} sluarawtdal pup splopums wo/80.,d Town of Estes Park, Colorado prfsents this Finance Department is presented to those gove to â€ž<,5.-Â·-,14.--1,4.â‚¬ 3:.41: A- y:p-'49'JÂ·'.â€¢t:Â·5=.4 ' te .1.0*5 7-/ f May 1, 2007 To: the Honorable Mayor, Members of the Governing Body, and Citizens of the Town of Estes Park, Colorado: The Comprehensive Annual Financial Report (CAFR) of the Town of Estes Park, Colorado (the Town) for the fiscal year ended December, 31, 2006, is hereby submitted. Responsibility for both the accuracy of the data and the completeness and fairness of the presentation, including all disclosures, rests with the Town. To the best of our knowledge and belief, the enclosed data are accurate in all material respects and are reported in a manner designed to present fairly the financial position and results of operations of the various funds and account groups of the Town. All disclosures necessary to enable the reader to gain an understanding of the Town' s financial activities have been included. The CAFR is presented in three sections: introductory, financial and statistical. The introductory section includes this transmittal letter, the Town' s organizational chart and a list of principal officials. The financial section includes the basic financial statements and the combining and individual fund statements and schedules, as well as the auditor' s report on the financial staterflents and schedules. The statistical section includes selected financial and demographic information, generally presented on a multi-year basis. This report includes all Town funds. The Town provides a full range of services. including pdlice and fire protection, electric and water utility services, the construction and maintenance of highways, streets, and infrastructure, business development, recreational activities and cultural events. In addition to general government activities, the Town Board has significant operational and/or financial relationships with the Estes Park Urban Renewal Authority and the Estes Park Building Authority; therefore, these activities are included in the reporting entity as blended component units. Profile of the Government The Town of Estes Park, incorporated in 1917, is a resort community nestled in the Rocky Mountain foothills 65 miles northwest of Denver, Colorado. The Town is at the RO. BOX 1200 â€¢ 170 MACGREGOR AVENUE â€¢ ESTES PARK, COLORADO 80517 Viii PHONE: 970-586-5331 â€¢ FAX 970-577-3573 www.estesnet.com entrance to Rocky Mountain National Park and is visited by approximately three million people each year. Rocky Mountain National Park has been the number one tourist attraction in the State of Colorado for as long as records have been compiled. Tourism is the Town's main industry; therefore, the Town's facilities are geared for a large seasonal usage in the summer months. The Town of Estes Park currently occupies a land area of six square miles and serves an estimated populationÂ·of 5,413. The Town is empowered to levy a property tax on both real and personal properties located within its boundaries. It is also empowered to extend its corporate limits. by annexation, which occurs periodically when deemed appropriate by the governing body. The Town has operated under the board-administrator form of government since 1968. Policy-making and legislative authority are vested in the governing board consisting of the Mayor and six Trustees. The governing board is responsible, among other duties, for passing ordinances, adopting the budget, appointing committees, and hiring the Town Administrator. The Town Administrator is responsible for carrying out the policies and ordinances of the governing body, and for overseeing the day-to-day operations of the government. The board is elected on a non-partisan basis. Board members serve four- year staggered terms, with three trustees elected every two years. The Mayor is elected to serve a four-year term. All offices are elected at large. Elected officials are limited to two consecutive terms of office. The Town provides a full range of services including police and fire protection, the construction and maintenance of street, pathways and other infrastructure, business development, and recreational Activities and cultural events. A water utility and an electric distribution utility are provided by the Town. An urban renewal agency (EPIJRA) operates as a legally separatd authority, which functions in essence as a department of the Town, and therefore has been included as an integral part of the Town's financial statements. 11& Town is *also financially accountable for another legally separate entity, the Estes ParkrBuilding Authority, which provides financing for golf course improvements. Additiobal information on these entities can be found in Note 1 in the Notes to the Financial Statements. The annual budget serves as the foundation for the Town's financial planning and control. All departmenG of the Town are required to submit requests annually for appropriation to the Town' s designated budget officer by the third week of August. The budget officer uses these requests as the starting point for developing a proposed budget. The budget officer then presents this proposed budget to the Town Administrator for review and amendment. The budget is presented to.the Town Board for deliberation in October. The board is required to hold public hearings on the proposed budget and to formally adopt the budget before December 15th. This date also serves as the deadline to certify the mill levy that will be assessed by the Town to the Larimer County Commissioners. The appropriated budget is prepared by fund, function (e.g., public safety and department (e.g., fire protection). Budget-to-actual comparisons are provided in this report for each individual fund for which an appropriated annual budget has been adopted. For the general fund, this comparison is presented as part of the basic financial statements for the governmental funds. For governmental funds, other than the gdneral I Will 1X M./1 fund, with appropriated annual budgets, this comparison is presented behind the footnotes in this report. Factors Affecting Financial Condition The information presented in the financial statements is perhaps best understood when it is considered from the broader perspective of the specific environment within which the Town operates. Local economy. In 2006, the Town experienced continued expansion in the predominant local industry, tourism. A key local economic indicator, taxable sales, increased by $8,605,984, or 5.4%, in 2006. The unemployment rates in Colorado, and the United States, declined in 2005 to 4.3% and 4.6%, respectively. Long term financial planning. The Town completed the new Convention & Visitors Bureau (CVB) building in 2006. In addition to the new structure, additional parking was added for both the CVB building and the new transit system through Estes Park and into Rocky Mountain National Park. The Town also constructed a new Parks Department operations and maintenance building on the land adjacent to the new CVB site. Infrastructure improvements have begun at Stanley Park with the intention of upgrading the Fairgrounds complex so as to offer an improved and wider array of amenities and facilities for appropriate functions and events. The Fish Creek Trail project completed a connection between Fish Creek Road and Highway 7. The trail system offers dramatically improved recreational opportunities as well as safer access for citizens utilizing the open areas along Fish Creek Road. The dam system on one pond in the open space adj acent to the completed trail was also repaired. Improvements were also made at the Fall River Hydroplant campus with the addition of a public restroom facility. These improvements came on the heels of the 2005 addition of the O'Connor Picnic Pavilion. Staff and the Town Board continued to refine a Capital Improvement Plan (CIP). Both foreseeing and flexible, the CIP forecasts improvement projects and cash flow in the Town's major funds for the next 5-7 years. The CIP will allow for a combination of long-term cash management coupled with an orderly addressing of the evolving needs of the Estes Park community. Cash management policies and practices. Cash temporarily idle during the year was invested in certificates of deposit, obligations of the U.S. treasury, local government investment pools, and agencies and instrumentalities of the United States. The Town's funds allocated as investments decreased from $21.8 million in 2005 to $19.5 million in 2006. This reflects liquidation of funds for funding capital improvement projects, rather than losses through changes in market value of the investments. I liill , The maturity of the investments ranges fromovernight to five years. Investment income includes appreciation in the fair value of the investments. Increases in the fair value during the current year do not necessarily represent trends that will continue; nor is it always possible to realize such amounts, especially in the case of temporary changes in the fair value of investments that the Town intends to hold to maturity. Risk management. The objectives of the Town' s risk management program is to minimize nsk and protect against loss, which could significantly affect the public, personnel, property, budget, or the ability of the Town to fulfill its responsibilities. Potentially hazardous risk exposures arp evaluated on an ongoing basis and reduced of eliminated where feasible and cost-effective. The Tjwn is a member of the Colorado Intergovernmental Risk Sharing Agency (CIRSA), a separate and independent governmental and legal entity formed by intergovernmental agreement by member municipalities pursuant to State statute. CIRSA defends and indemnifies the Town against the risksÂ· of loss related to torls; theft of, damage to, and destruction of assets, errors and omissions, injuries to employees, and ,; natural disasters. The Town is partially self-insured for health insurance to eligible employees and dependents. The insurance coverage for workers compensation is carried by PinnacoI Assurance. The Town also maintains a separate internal service fund, the Catastrophic Loss Fund, to be used in the event of disasters not covered by other insurance. Net assets in this fund on December 31, 2006 were $2,211,983. Budgetary controls. The Town maintains budgetary controls, the objective of which is to ensure compliance with legal provisions embodies in the annual appropriated budget approved by the Town Board. The level of budgetary controls (the level at which expenditures cannot legally exceed the appropriated amount) is established by fund. The Town also maintains an encumbrance accounting systems as a budgetary control to prevent expenditures from exceeding legal appropriations. Encumbered=amounts lapse at fiscal year-end, and qualifying encumbrances are formally appropriated in the following year when necessary. Award and acknowledgements ' The Government Finance Officers Association (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reports to the Town for its comprehensive annual financial report (CAFR) for the fiscal year ended December 31, 2005. In order to be awarded a Certificate of Achievement, the government published an easily readable and efficiently organized CAFR. This report satisfied both GAAP and applicable legal requirements. A Certificate of Achievement is valid for a period of one year only. We believe that our current CAFR continues to meet the Certificate of Achievement Program's requirements and we are submitting it to the GFOA to determine its eligibility for another certificate. . The successful preparation of this report on a timely basis could not have been accomplished without the dedication and efforts of the entire staff of the Finance Department: Jim Allen, Deb Casey, Sammi Coleson, Carol Hillerson, Debbie Parrack, Debbie McDougall, Lorraine McCown, Amy Mitterer, Debbie Parrack and Donell Thompson. We would like to express our sincere appreciation to all members of the department for the contributions made in the preparation of this report. Special thanks are extended to the accounting firm of Swanhorst & Company LLC for their professionalism in the performance of the independent audit for the Town. We also wish to extend appreciation to the Mayor, the Trustees, and the Town Administrator for their efforts and support in setting and administering policies for the prudent financial management of the Town of Estes Park. Sincerely, 4,pul- Steve McFarland Finance Officer linnI X11 ~ . 3 Hon#*blÂ¢Mayor and Members of the Board of Trustees ToÂ·*'A ~67*stes Park Estes Park, Colorado INDEPENDENT AUDITORS' REPORT We have audited the accompanying financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the Town of Estes Park, Colorado, as of and for the year ended December 31,202Â§~ich collectively comprise the basic financial statements of the Town, as listed in the table of contents.â€ž2118~Â£Shncial statements are the responsibility of the Town of Estes Park, Colorado's management. Our resp~ity is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presehtation. We believe that our audit provides a reasonable basis for our opinions. In our opinion, the financial statements referll#?NESve present fairly, in all material respects, the respective financial position ofthe governmental activities, th~~ifAss-type activities, each major fund and the aggregate remaining fund ely information of the Town of Estes Park, Colorado, as of December 31, 2006, and the respective changes in financial position and cash flows, where applicable, for the year then ended in conformity with accounting principles generally accepted in the United States of America. The management's discussion and analysis and required supplementary information listed in the table ofcontents are not a required part ofthe basic financial statements but are supplementary information required by the Governmental Accounting Standards Board. We have applied certain limited procedures, which consisted principally of inquiries of management regarding the methods of measurement and preseptdAofthe supplementary information. However, we did not audit the information and express no opinion on 1~5 Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the Town of Estes Park, Colorado's basic financial statements. The combihing and individual fund statements and schedules and state compliance listed in the table of contents are presented for purposes of additional analysis and are not a required part ofthe basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic financial statements taken as a whole. The introductory and statistical information has not been subjected to the auditing.di~2ures applied in the audit of the basic financial statements, and accordingly, we express no opinion on it. ~9 June 8,2007 Management's Discussion and Analysis As management of the Town of Estes Park (Town), we offer readers of the Town's financial statements this narrative overview and analysis of the financial activities of the Town for the fiscal year ended December 31, 2006. Financial Highlights â€¢ The assets of the Town exceeded its liabilities at the close of the most recent fiscal year by $89,421,984 (net assets). Of this amount, $20,843,838 (unrestricted net assets) may be used to meet the government's ongoing obligations to citizens and creditors. â€¢ The Town's total net assets increased by $3,437,929. GASB 34 requires reporting of infrastructure assets at fair market value. Values were obtained and recorded during the 2005 fiscal year. â€¢ At the close of the current fiscal year, the Town's governmental funds reported combined ending fund balances of $9,153,589, a decrease of $2,069,395 in comparison with the prior year. Approximately 90% of this total amount, $8,276,870, is available for spending at the government's discretion (unreserved, undesignatedfund balance). â€¢ At the end of the current fiscal year, unreserved, undesignated fund balance for the general fund was $2,849,039, or 34% of total general fund expenditures. â€¢ The Town's total long-term debt decreased by $1,584,960 during the current fiscal year. â€¢ The Town also embarked on a loan to the Estes Park Housing Authority, totaling $2,700,000. The loan was used to purchase the 48-unit Pine Knoll apartment complex. 23 units will be sold as individual condominiums, and the remaining 25 units will be leases to low income senior households. The loan is due in full by June 1,2008. The loan was funded as follows: $950,000 from the General Fund, $550,000 from Light and Power, $450,000 from Water, and $750,000 from Catastrophic Loss. â€¢ The Accounts Receivable portion of the Utility accounts (Light and Power, Water) was restated to reflect the actual accrual at the end of December 31, 2005, rather than the traditional one-month lag that had been reported in the past. â€¢ The Town, in cooperation with the Fire Pension Board, selected a fund manager (WIN Advisor Group) to assist in investing the Fire Pension Fund in a manner more diversified than is possible with in-house management. Overview of the Financial Statements This discussion and analysis are intended to serve as an introduction to the Town's basic financial statements. The Town's basic financial statements comprise three components: 1) government-wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements themselves. , Government-wide financial statements. The government-wide financial statements are designed to provide readers with a broad overview of the Town's finances, in a manner similar to a private-sector business. The statement of net assets presents information on all of the Town's assets and liabilities, with the difference between the two reported as net assets. Over time, increases or decreases in net assets may serve as a useful indicator of whether the financial position of the Town is improving or deteriorating. The statement of activities presents information" khowing how the government's net assets- changed during the most recent fiscal year. All changes in net assets are reported as soon as th& underlying event giving rise to the change occurs, regardless of the timing Of related cash,flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods (e.g., uncollected taxes and earned but unused vacation leave). Bothof the government-wide financial statements distinguish functions of the Town that are principally supported by taxes and intergovernmental revenues (governmental activities) from other functions that are ihtended to recover all or a significant portion of their costs through user fees and charges (business-type activities). The governmental activities of the Town include general government, public safety, public works, and culture and recreation. The business-type activities of the Town include an electric distribution operation (light and power fund) and a water utility that treats and distributes under the water fund. The government-wide financial statements include not only the Town itsel f (known as the primary governmenth but also a legally separate Estes Park Urban Renewal Authority (EPURA) and Estes Park Building Authority. Financial information for these component units is reported separately from the financial information presented for the primary government itself. EPURA, although legally separate, functions for all practical purposes as a department of the Town, and therefore has been included as an integral part of the primary: government. The Building Authority does not issue separate financial statements. Fund financial statements. A fund is a groupillg of related accounts that is used to maintain control ovbr resources that have been .segregated for specific activities or objectives. The Town, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-relaied legal requirements. All of the funds of the Town can be divided into three categories: government funds, proprietary funds, and fiduciary funds. $ Gobernmental funds. Governmental funds are used to account for essentially the same functions reported as governmental activities in the governmâ‚¬nt-wide financial - statements. However, unlike the governnient-wide financial statements, governmental fund financial statements focus on near-term inflows and oixtflows of spendable resources, as well as on balances of spendable resources available at the end'of the fiscal ii year. Such information may be useful in evaluating a government's near-term financing requirements. Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governrnental funds with similar information presented for governmental activities in the governrnent- wide financial statements. By doing so, readers may better understand the long-term impact of the government's near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities. The Town maintains 12 individual governmental funds. Information is presented separately in the governmental fund balance sheet and in the governmental fund statement of revenues, expenditures, and changes in fund balances for the General fund, the Community Reinvestment fund, the Convention and Visitors Bureau fund, and the Urban Renewal Authority Debt Service fund, all of which are considered to be major funds. Data from the other 8 governmental funds are combined into a single, aggregated presentation. Individual fund data for each of these non-major governmental funds is provided in the form of combining and individual fund statements and schedules elsewhere in this report. The Town adopts annual appropriated budgets for all funds. Budgetary comparison schedules have been presented for all funds (except fiduciary funds) to demonstrate compliance with the budgets. Proprietary funds. The Town maintains two different types of proprietary funds. Enterprise funds are used to report the same functions presented as business-type activities in the government-wide financial statements. The Town uses enterprise funds to account for its electric and water utilities. Internal service funds are an accounting device used to accumulate and allocate costs internally among the Town's various functions. The Town uses internal service funds to account for its Fleet Maintenance Fund, Vehicle Replacement Fund, Catastrophic Loss Fund, Health Insurance Fund, and Information Technology Fund. Because these internal services predominantly benefit governmental and business-type functions, they have been allocated between the governmental and business-type activities in the government-wide financial statements. Proprietary funds provide the same type of information as the government-wide financial statements, only in more detail. The proprietary fund financial statements provide separate information for the Water and Light & Power funds both of which are considered to be major funds o f the Town. Conversely, all four internal service funds are combined into a single, aggregate presentation in the proprietary fund financial statements. Individual fund data for the internal service funds is provided in the form of combining statements elsewhere in this report. iii . 1 Fiduciary funds. Fiduciary funds are used to account for resources held for the benefit of parties outside the government. Fiduciary funds are not reflected in the government- wide financial statements because the resources of those funds are not available to support the Town's own programs. The accounting used for fiduciary funds is much like that used for proprietary funds. Notes to the financial statements. The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements. The notes to the financial statements can be found immediately following the basic financial statements. Other information. In addition to the basic financial statements and accompanying notes, this report also presents certain required supplemental information concerning the Town's progress in funding its obligation to provide pension benefits to its employees, and budgetary comparison schedules for the general and major special revenue funds. The combining and individual fund statements and' schedules referred to earlier in connection with non-major governmental funds and internal service funds are presented immediately following the required supplementary information. Governmebt-wide financial analysis Town of Estes Park's Net Assets Governmental Activities Business-type Activities Total 2006 2005 2006 2005 2006 2005 Current and other assets $16,159,309 $17,056,154 S1 1,52 1,988 $9,957,328 $27,681,297 $27,013,482 Capital assets 45.116,815 44,479,536 26,336,846 26.598,614 71,453,661 71,078.150 Total assets 61,276,124 61,535,690 37,858,834 36,555,942 99,134,958 98,091,632 Long term liabilities 1,435,433 2,561,467 2,707,366 3,164,233 4,142,799 5,725,700 Other liabilitik 3.720,514 3.407.039 1,849,660 2,120,215 5,570.174 5,527,254 Total liabilities 5.155,947 5,968,506 4,557,026 5,284,448 9,712,973 11,252,954 Invested in capital assets, net of related debt 42,711,302 4 1,002,600 23,256,846 23,103,614 65,968,148 64,106,214 Restricted 2,609,999 . 2,948,358 0 0 2,609,999 2,948,358 Unrestricted 10,798.876 1 1.616226 10,044.962 8,167,880 20.843,838 19,784,106 Total net assets $56,120,177 S55,567,184 $33,301,808 531,271,494 389,421,985 $86,838,678 As noted earlier, net assets may serv over time as a useful indicator of a government's financial position. In the case of the Town, assets exceeded liabilities by $89,421,984 at the close of the most recent fiscal year. By far the largest portion of the Town's net assets (75 percent) reflects its investment in capital assets (e.g., land, buildings, machinery, and equipment), less any related still- iV . outstanding debt used to acquire those assets. The Town uses these capital assets to provide services to citizens; consequently, these assets are not available for future spending. Although the Town's investment in its capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities. An additional portion of the Town's net assets (3%) represents resources that are subject to external restrictions on how they may be used. The remaining balance of unrestricted net assets (S20,902,838) may be used to meet the government's ongoing obligations to citizens and creditors. At the end of the current fiscal year, the Town is able to report positive balances in all three categories of net assets, both for the government as a whole, as well as for its separate governmental and business-type activities. The same situation held true for the prior fiscal year. There was an increase of $2,030,314 in restricted net assets reported in connection with the Town's business-type activities. Town of Estes Park's Changes in Net Assets Governmental Activities Business-type Activities Total 2006 2005 2006 2005 2006 2005 Revenues: Program revenues Charges for services $2,166,661 $1,717,959 $12,573,698 Sll,653,589 $14,740,359 $13.371,548 Operating grants'contributions 895,340 1,049,090 0 0 895,340 1,049,090 Capital grants/contributions 32,729 36,390 609,468 848,319 642,197 884,709 General revenues: Property taxes 1,028,896 936,564 0 0 1,028,896 936,564 Other taxes 7,375,393 7,339,068 0 0 7,375,393 7,339,068 Other 898,607 610.905 847.471 945,686 1,746,078 1.556.591 Total revenues 12,397,626 11.689,976 14.030,637 13,447,594 26,428.263 25,137,570 Erpenses: General government 3,822,578 2,541,570 0 0 3,822,578 2,541,570 Public safety 3,090,570 3235,388 0 0 3,090,570 3,235,388 Public woks 1,905,687 2.549,336 0 0 1,905,687 2.549,336 Culture and recreation 3,918,854 3,262,341 0 0 3,918,854 3262,341 Interest on long-term debt 96,732 129,699 0 0 96,732 129,699 Water 0 0 2,627,297 2,380,179 2,627,297 2.380,179 Electric 0 0 8.383.238 8,416,543 8,383.238 8.416.543 Total expenses 12,834,421 11,718,334 11,010,535 10,796,722 23,844.956 22.515,056 Increase in net assets before Transfers (436,795) (28.358) 3,020,102 2,650,872 2,583,307 2,622,514 Transfers 989,788 930.151 (989.783) (930.151) 0 0 Increase/decrease in net assets 552,993 901,793 2,030,314 1,720,721 2,583,307 2,622,5 14 Net assets - beginning 55.567,184 54,665.391 31.271.494 29.550,773 86.838.678 84.216,164 Net assets - ending 556,120.177 S55.567.184 S33.301.808 531271,494 S89.421,985 S86.838.678 V . 1 The Town's net assets increased $2,583,307 during the current fiscal year. Government- wide revenues increased 5.1% from 2005 to 2006. Governmental activities. Governmental activities increased the Town's net assets by $552,993. Key elements of the decrease are as follows. The Town's major source of revenue is sales tax. Sales tax increased from $6,422,881 in 2005 to $6,767,120 in 2006. Expenses increased from $11,718,334 in 2005 to $12,834,421 in 2006. Areas of increase include the advent of a transportation service for tourists ($125,000), infrastructure improvements ($240,000), and the, General Fund portion ($950,000) of the $2,700,000 Estes Park Housing Authority Loan. Business-type activities. Business-type activities, which include the Light & Power and Water funds, increased the Town's net assets by $2,030,314. Incdme increased through charges for services by 8% (approximately $935,000). Costs in the.Water Fund increased primarily due to reallocation of labor from other funds. The previously mentioned restatement of the utility account receivable is also accounted for in this section. Financial Analysis of the Government's Funds As noted earlier, the Town uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. Governmental funds. The fobus of the Town's governblental funds is to provide information on near-term inflows, outflows and balances of spendable resources. Such information is useful in assessing the Town's financing requirements. In particular, unreserved fund balance may serve as a useful measure o f a government' s net resources available for spending at the end of the fiscal year. As of the end of the current fiscal year, the Town's governmental funds reported combined ending fund balances of $9,153,589, a decrease of $2,069,395 in comparison with the prior year. Approximately 90% of this amount constitutes unreserved, undesignated fund balance, which is available for spending at the government's discretion. The remainder of fund balance is reserved to indicate that it is not available for new spending because it has already been committed to inventories, and to property held for resale. The General Fund is the chief operating fund of the Town. At the end of the current fiscal year, unreserved, undesignated fund balance of the general fund was $2,849,039 with no reservations of fund balance. As a measure of the general fund's liquidity, it may be useful to compare both unreserved fund balance and total fund balance to total fund operating expenditures (the ratio for 2006 is 34%). The general fund decreased $1,260,191, and is related to the transfers out, mainly to the Community Reinvestment Vi and Convention and Visitors Bureau (CVB) Funds. The loan to the Estes Park Housing Authority also contributed to the net decrease. The Convention and Visitors Bureau is now a separate fund. In 2005, it absorbed special events, conference center, group sales and marketing, and advertising, originated from closing old General Fund sub accounts. This will allow for better tracking of Convention and Visitors Bureau expenditures, which was $2,373,905 in 2006. ~ The CVB ended 2006 with a fund balance of $260,721. The Community Reinvestment fund ended the year with a fund balance of $1,515,682, a decrease of $515,986 from last year's balance. The Community Reinvestment fund was supplemented by a $ 1,3 50,000 transfer from the General Fund, in accordance with the Tabor ballot issue from the November 2000 election. The EPURA debt fund exists to pay debt. It is funded by tax revenues and rental income. Proprietary funds. The town's proprietary funds provide the same type of information found in the government-wide financial statements, but in more detail. Unrestricted net assets of the Light and Power fund at the end of the year amounted to $5,146,489, and those for the Water fund totaled $3,966,557. The change in total net assets for both funds was $1,391,551 and $498,287, respectively. Other factors concerning the finances of these two funds have already been addressed in the discussion of the Town's business-type activities. General Fund Budgetary Highlights Sales tax revenues ($6,771,295, a record high) exceeded forecasts by $121,401. Total expenditures were $662,969 more than the final budget because of a $2,700,000 loan made to the Estes Park Housing Authority, $950,000 of which came from the General Fund. This amount was not accounted for in the Town's original and final budgetary process. Transfers out of the General fund were $3,722,126 and included dispersals to the Community Reinvestment, Museum, Senior Center, CVB, and Vehicle Replacement funds. An annual transfer of approximately $200,000 per intergovernmental agreement is also made to the Estes Park Urban Renewal Authority. Ending actual fund balance of $2,849,039 was within 90% of final budgeted fund balance. Capital Asset and Debt Administration Vii . Capital assets. Depreciable capital assets increased $4,851,552. Monies were spent on communications equipment, the water distribution system, data processing equipment, the new park shop, the new convention and visitor's bureau building, Stanley Park grounds, the picnic pavilion, and walkways and byways (specifically Fall River and Fish Creek). Non-depreciable capital assdts increased by $102,060, and include construction in progress. Business-type capital assets increased $760,212. The largest expenditures in this area were transformer replacement ($194,000), underground infrastructure improvements ($190,000), the replacement of a Light & Power Bucket Truck ($189,000) and water purification equipment per EPA standards'($155,000). Additional info can be found in notes to the financial statements on pages 20-21. Long-term debt. Scheduled debt payments were made in accordance with loan parameters; there were no other changes in long-term debt structure. The Urban Renewal Authority's outstanding long term debt was $1,755,000 on December 31, 2006. This is expected to be paid in full by December 31,2008. The Town Light & Power fund maintains a rating from Standard & Poors and Fitch of "AAA" on its outstanding revenue bonds. State statutes limit the amount of general obligation debt a government entity may issue to 3% of its total assessed valuation. The current debt limitation for the Town is $38,016,962. The Town currently has no outstanding general obligation debt. Refer to footnotes on pp. 21-24 for further information on debt structure and obligations. Economic Factors and Net Year's Budgets and Rates â€¢ The forecasted CPI for Denver/Boulder is 3.50% for 2007. â€¢ Taxable sales increased by $8,605,999; 5.36% from 2005. â€¢ Major capital projects for the 2007 budget include the Stanley Park Master Plan improvements, the cooperative purchase of Hermit Park and the reconstruction of the Post Office parking lot. All of these factors and many others were considered in preparation for the Town' s budget for the 2007 fiscal year. Request for information This financial report is designed to provide a general overview of the Town's finances for all those with an interest in the government's finances. Questions concerning any of the information provided in this report or requests for additional financial information should be addressed to the Finance Department, P.O. Box 1200, Estes Park, Colorado, 80517. Viii, BASIC FINANCIAL STATEMENTS . 1 , TOWN OF ESTES PARK, COLORADO STATEMENT OF NET ASSETS December 31, 2006 PRIMARY GOVERNMENT GOVERNMENTAL BUSINESS-TYPE ACTIVITIES ACTIVITIES TOTAL ASSETS ASCA Cash 23 (24nts $ 9,084,146 $ 6,717,906 $ 15,802,052 Restricte#Cash and Investments 2,163,140 - 2,163,!40 Accounts Receivable 101,139 2,320,988 2,422,127 Note Receivable 1,700,000 1,000,000 2,700,000 Interest Receivable 5,145 3,023 8,168 Intergovernmental Receivable 164,800 . 164,800 Taxes Receivable 2,000,363 - 2,000,363 Internal Balances (931,916) 931,916 Inventories , 22,265 547,960 570,225 Prepaid Expenses 47,780 195 47,975 Net Pension Obligation 892,161 - 892,161 Property Held for Resale 4~ 875,000 - 875,000 Bond Issuance Costs, Net of AicÂ®Sulated Amortization 35,286 - 35,286 Capital Assets, Not Being Dep;*fated 6,476,722 2,943,951 9,420,673 Capital Assets, Net of Accumulated Depreciation 38,640,093 23,392,895 62,032,988 TOTAL ASSETS , 61,276,124 37,858,834 99,134,958 LIABILITIES Accounts Payable 853,225 1,083,637 1,936,862 Accrued Liabilities 352,345 89,980 442,325 Accrued Interest Payable 4,856 34,315 39,171 Customer Deposits and Advances ~~ - 109,182 109,182 Deferred Revenues 1,174,976 - 1,174,976 Noncurrent Liabilities Due Within One Year 1,317,423 532,546 1,849,969 Due in More Than One Year 1,453,122 2,707,366 4,160,488 TOTAL LIABILITIES 5,155,947 4,557,026 9,712,973 NET ASSETS Invested in Capital Assets, Net of Related Debt 42,711,302 23,256,846 65,968,148 Restricted for Emergencies 543 000 - 544,000 Restricted for Capital Projects A#y*7 - 651,177 Restricted for Debt Service Aj~~114,522 - 1,414,822 Unrestricted Â¥F 10;798,876 10,044,962 20,843,838 TOTAL NET ASSETS $ 56,120,177 $ 33,301,808 $ 89,421,985 The accompanying notes are an integral part of the financial statements. 1 f , TOWN OF ESTES PARK, COLORADO STATEMENT OF ACTIVITIES Year Ended December 31,2006 PROGRAM REVENUES CHARGES OPERATING CAPITAL FOR GRANTS AND GRANTS AND FUNCHONS/PROGRAMS EXPENSES SERVICES CONTRIBUTIONS CONTRIBUTIONS PRIMARY'GOVERNMENT Governmental Activities General Government $ 3,822,578 $ 629,768 $ $ - Public Safety 3,090,570 452,406 - 32,729 Public Works 1,905,687 20,918 577,709 Culture and Recreation 3,918,854 848,685 317,631 - Interest on Long-Term Debt 96,732 214,884 - - Total Governmental Activities A#~ 12,834,421 2,166,661 895,340 32,729 Business-Type Activities 49"- Light and Power 8,383,238 10,097,231 - Water 2,627,297 2,476,467 - 609,468 Total Business-Type Activities 11,010,535 12,573,698 - 609,468 TOTAL PRIMARY GOVERNMENT $ 23,844,956 $ 14,740,359 $ 895,340 $ 642,197 GENERAL REVENUES Sales Taxes Property Taxes 47 Franchise Taxes Use Taxes Investment Income Miscellaneous TRANSFERS TOTAL GENERAL REVENUES AND TRANSFERS CHANGE IN NET ASSETS NET ASSETS, Beginning, as Restated NET ASSETS, Ending 4% 1/EAF, The accompanying notes are an integral part of the financial statements. 2 . NET (EXPENSE) REVENUE AND CHANGES IN NET ASSETS ,.0~9IUMARY GOVERNMENT GOVERNMENTAIf BUSINESS-TYPE ACTIVITIES TOTAL $ 0,192,810) $ - $ (3,192,810) (2,605,435) - (2,605,435) 0,307,060) - 0,307,060) 0,752,538) - 0,752,538) 118,152 - 118,152 (9,739,691) (9,739,691) 9713,993 1,713,993 - 458,638 ; 458,638 - 2,172,631 2,172,631 (9,739,691) 2,172,631 (7,567,060) 6,771,295 - 627 ~ 1,028,896 - ~1928'896 401,432 . 400~432 202,666 - 1'202,666 649,528 211,513 861,041 249,079 635,958 885,037 989,788 (989,788) - 10,292,684 (142,317) 10,150,367 552,993 2,030,314 2,583,307 55,567,184 31,271,494 86,838,678 $ 56,120,177 $ 33,301,808 $ 89,421,985 . TOWN OF ESTES PARK, COLORADO BALANCESHEET GOVERNMENTAL FUNDS - December 31-, 2006 URBAN RENEWAL CONVENTION/ AUTHORITY '29 Â£4 COMMUNITY VISITOR (DEBT GENERAL REINVESTMENT BUREAU SERVICE) ASSETS'490 Cash and Investments $ 2,801,888 3 1,382,405 5 151,827 $ 63,311 Restricted Cash and Investments - - 185,986 1,351,511 Accounts Receivable 46,139 - 26,298 Notes Reccivable 950,000 Intergovernmental Receivable . 164,800 Taxes Receivable 1,141,524 - - 858,839 Inventories - - 1,719 Interest Receivable 2,858 - Property Held for Resale . - TOTAL ASSETS $ 4,942,409 $ 1,547,205 $ 365,830 $ 2,273,661 LIABILITIES AND FUND BALANCES LIABILITIES Accounts Payable $ 656,498 $ 31,523 $ 58,658 $ Accrucd Liabilities 195,590 - 21,596 - Deferred Revenue - Note Rcceivable 950,000 - - Deferred Revenues 291,282 - 24,855 858,839 TOTAL LIABILITIES 2,093,370 31,523 105,109 858,839 FUND BALANCES Reserved for Inventories . - 1,719 Reserved for Property Held for Resale - - UnresÂ¢rved, Reported in General Fund '9- 2,849,039 Special Revenue Funds - 1,515,682 259,002 - Capital Projects Funds . Debt Service Funds - - 1,414,822 TOTAL FUND BALANCES 2,849,039 1,515,682 260,721 1,414,822 TOTAL LIABILITIES AND FUND BALANCES $ 4,942,409 $ 1,547,205 $ 365,830 $ 2,273,661 Amounts Reported for Governmental Activities in the Statemenrof Net Assets are Different Because: Capital assets used in governmental activities are not 11*incial resources and, therefore, arc not reported in the funds. The net pension obligation is not available to pay current expenditures and is not reported in the funds. Other long-term assets are not available to pay for current-period expenditures and, therefore are deferred in the funds. Internal service funds are used by management to charge the costs of fleet maintenance, vehicle replacement, health insurance, and information technology to individual funds. A portion of the assets and liabilities of the internal service funds are included in governmental activities in the statement of net assets. Long-term liabilities, including bonds payable ($ 1,755,000), bond premium ($22,170)4SAd amount on refunding $23,896, bond issuance costs $35,286, certificates of participationj25*006), capital leases payable ($418,836), accrued interest payable ($4,856) and accrued compens*ed'Absences ($322,723), are not due and payable in the current period and, therefore, are not reported in the funds. Net Assets of Governmental Activities The accompanying notes are an integral part of the financial statements. 3 , OTHEd# GOVERNA*ft*V 4.F0160*0 TOTAL f,*''n,r $ 1,650,338 $ 6,049,769 625,643 2,163,140 24,402 96,839 - 950,000 - 164,800 - 2,000,363 - 1,719 2,858 875,000 875,000 48~ $ 3,175,383 $ 12,304~4887*SF $ 52,580 $ 799,259 9,478 226,664' - 950,000 a t 1,174,976 62,058 3,150,899 - 1,719 875,000 875,000 2,849,039 1,587,148 3,361,832 651,177 651,177 - 1,414,822 3,113,325 9,153,589 $ 3,175,383 45,061,116 892,161 950,000 2,778,714 (2,715,403) $ 56,120,177 TOWN OF ESTES PARK, COLORADO STATEMENT OF REVENUES. EXPENDITURES AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS Year Ended December 31,2006 URBAN RENEWAL CONVENTION/ AUTHORITY CON/Ov[UNITY VISITOR (DEBT GENERAL REINVESTMENT BUREAU SERVICE) REVENUES Taxes $ 7,662,292 $ . $ . $ 741,997 Licenses and Permits 644,996 - Intergovernmental 523,988 506,400 - - Charges for Services 73,000 - 582,656 - Fines and Forfeitures 28,062 - - Rental Income 165,628 - - 214,884 Contribution/Donations .,.A . 13,500 18,660 - Investment Income 23- 326,919 28,408 2,177 54,844 Miscellaneous 318,456 - 49,931 - TOTAL REVENUES 9,743,341 548,308 653,424 1,011,725 EXPENDITURES Current General Government 3,269,172 - - Public Safety 3,090,882 - - Public Works 1,146,980 23,883 - Culture and Recreation .4& 764,160 - 2,373,905 - > e. 2,175,527 - - - Capital Outlay Principal - 199,300 - 835,000 Interest and Fiscal Charges <9 - 15,584 - 67,413 TOTAL EXPENDITURES 8,271,194 2,414,294 2,373,905 902,413 EXCESS OF REVENUES OVER (UNDER) EXPENDITURES 1,472,147 (1,865,986) (1,720,481) 109,312 OTHER FINANCING SOURCES (USES) Transfers In 989,788 .1,350,000 1,800,000 - Transfers Out (3,722,126) 644~~~ - - - TOTAL OTHER FINANCING SOURCES (USES) (2,732,33~F 1,350,000 1,800,000 - NET CHANGE IN FUND BALANCES (1,260,191) (515,986) 79,519 109,312 FUND BALANCES, Beginning 4,109,230 2,031,668 181,202 1,305,510 FUND BALANCES, Ending $ 2,849,039 $ 1,515,682 $ 260,721 $ 1,414,822 The accompanying notes are an integral part ofthe financial statements. 4 GOVERNIENTAL FUNDS TOTAL $ -$ 8,404,289 644,996 286,974 1,317,362 11,534 667,190 28,062 92,930 473,4~5~ 112,800 93;:84 134,867 639,105 12,595,903 300,575 3,569,747 3,090,882 1,170,863 514,605 3,652,670 785,170 2,960,697 75,000 1,109,300 17,930 100,927 1,693,280 15,655,086 (1,054,175) (3,059,183) 572,126 4,711,914 (3,722,126) 572,126 989,788 (482,049) (2,069,395) 3,595,374 11,222,984 $ 3,113,325 $ 9,153,589 ' ' TOWN OF ESTES PARK, COLORADO RECONCILIATION OF THE STATEMENT OF REVENUES. ExPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES Year Ended December 31, 2006 Amounts Re pgitÂ¢.lbr Governmental Activities in the Statement of Activities are Different Because: Net Chd~ Balances of Governmental Funds $ 0,069,395) mks&%2.' IFIÂ¥ Capital outlays to purchase or build capital assets are reported in governmental funds as expenditures. However, for governmental activities those costs are capitalized in the statement of net assets and allocated over their estimated useful lives as annual depreciation expense in the statement of activities. This is the amount by which capital outlays $3,832,501 exceeded annual depreciation expense ($3,198,824) and loss on disposal ($20,257) in the current year. 613,420 Revenues that do not provide current financial resources are not reported as revenues in the funds. (341,600) Repayment of long-term debt Drif~~expenditure in the governmental funds, but the repayment reduces long-te*~0itties in the statement of net assets. These include payments on bonds $835,000, payments on certificates of participation $75,000, payments on capital leases $199,300, and the net decrease in accrued compensated absences $6,089. 1,115,389 Loans to outside entites is an expenditure in the governmental funds, but reduces the deferred revenue in the statement of net assets. 950,000 Debt proceeds provide current financial resources to governmental funds, but issuing debt increases long-term liabilities in the statement of net assets. This amount is the net effect of these differences in the treatment of long-term debt and related,items: amortization ofbond premium $12,093, amortization of bond issuance costs.01#52), and amortization of deferred (20,188) amount on refunding ($13,034). 7 6.9 Some expenses reported in the statement of activities d~require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds. This includes decreases in accrued interest payable $5,136 and a decrease in pension costs due to the change in the net pension obligation $15,022. 20,158 Internal service funds are used by management to charge the costs of fleet maintenance, vehicle replacement, and health insurance to individual funds. A portion o f the net income of the internal service funds is reported with governmental activities in the statement of activities. 285,209 Change in Net Assets ofGovernmental Activities $ 552,993 The accompanying notes are an integral part of the financial statements. 5 . TOWN OF ESTES PARK, COLORADO SIAIEMENLQE.MEIA~IS ERQEBJEIABLEUNES - December 31,2006 GOVERNMENTAL TOTAL ACTIVITIES LIGHT AND BUSINESS-TYPE INTERNAL POWER WATER ACTIVITIES SERVICE EES=2.7~ Current AssetY Cash and Investments $ 3,494,193 $ 3,223,713 $ 6,717,906 $ 3,034,377 Accounts Receivable 1,997,753 323,235 2,320,988 4,300 Interest Receivable 1,634 1,389 3,023 2,287 Inventories 427,441 120,519 547,960 20,546 Prepaid Expenses 195 - 195 47,780 TOTAL CURRENT A5SETS 5,921,216 3,668,856 9,590,072 3,109,290 NONCURRENT ASSETS Note Receivable -R-iâ€¢~- .Â·- 550,000 450,000 1,000,000 750,000 Capital Assets, Not Being Depreciat@;Â§,!9 227,489 2,716,462 2,943,951 Capital Assets, Net of Accumul *~tation 9,788,575 13,604,320 23,392,895 55,699 97 TOTAL NONCURRENT ASSET$ 10,566,064 16,770,782 27,336,846 805,699 TOTAL ASSETS 16,487,280 20,439,638 36,926,918 3,914,989 LIABILITIES Current Liabilities Accounts Payable 1,045,919 37,718 1,083,637 53,966 Accrued Liabilities 55,922 34,058 89,980 9,998 Accrued Interest Payable 20,212 14,103 34,315 - Customer Deposits and Advances - 109,182 - Insurance Claims Payable - - 115,683 Compensated Absenccs, Current Portion 57,030 40,516 97,546 24,712 Loans Payable, Current Portion - 109,182 235,00 235,000 - Revenue Bonds Payable, Current Portion 200,000 200,000 TOTAL CURRENT LIABILITIES 1,488,265 361,395 1,849,660 204,359 Noncurrent Liabilities Compensated Absences . 36,462 25,904 62,366 Loans Payable - 910,000 910,000 - Revenue Bonds Payable 1,735,000 - 1,735,000 - TOTAL NONCURRENT LIABILITIES 1,771,462.,0Ft 935,904 2,707,366 - TOTAL LIABIL]TIES 3,259#17 1,297,299 4,557,026 204,359 NET ASSETS Invested in Capital Assets, Net of Related Debt 8,081,064 15,175,782 23,256,846 55,699 Restricted for Emergencies - - 544,000 Unrestricted 5,146,489 3,966,557 9,113,046 3,110,931 TOTAL NET ASSETS $ 13.227,553 $ 19,142,339 32,369,892 3 3,710,630 Amounts Reported for Business-Type Activities in the Statement of Net Assets are Different Because: Internal service funds arcs used by management to charge the costs of fleet maintenance, vehicle replacement, and health insurance to individual funds. A portion of the assets and liabilities ~ of the internal service funds are included in business-type activities in the statement of net assets. 931,916 Net Assets of Business-Type Activities $ 33,301,808 The accompanying notes are an integral part of the financial statements. 6 TOWN OF ESTES PARK, COLORADO STATEMENT OF REVENUES. EXPENSES ANDCHANGESINFUNDNETASSETS PROPRIETARY FUNDS Year Ended December 31, 2006 OOVERNMENTAL TOTAL ACTIVITIES V .-.*. LIGHT AND BUSINESS-TYPE INTERNAL POWER WATER ACTIVITIES SERVICE OPERATING REVENUES Charges for Services $ 10,097,231 $ 2,476,467 $ 12,573,698 $ 1,129,281 Miscellaneous 550,694 85,264 635,958 3,921 TOTAL OPERATING REVENUES 10,647,925 2,561,731 13,209,656 1,133,202 OPERATING EXPENSES <ource of Supply 4,619,186 138,055 4,757,241 - Purification - 506,947 506,947 . Distribution 1,479,643 661,211 2,140,854 - Customer Accounts ,~ 579,955 278,651 858,606 - Administration and General 90' 1,158,519 519,843 1,678,362 460,797 Depreciation 545,601 475,325 1,020,926 7,854 Health Benefits - - 363,246 TOTAL OPERATING EXPENSES 8,382,904 2,580,032 10,962,936 831,897 OPERATING INCOME (LOSS) 2,265,021 (18,301) 2,246,720 301,305 NONOPERATING REVENUES (EXPENSES) Investment Income 131,452 80,061 211,513 124,380 Interest Expense ,~ (107,290) (80,785) (188,075) - TOTAL NONOPERATING REVENUES (EXPENSES) 24,162 (724) 23,438 124,380 NET INCOME CLOSE BEFORE CAPITAL CONTRIBUTIONS AND TRANSFERS 2,289,183 (19,025) 2,270,158 425,685 Capital Contributions . 609,468 609,468 - Transfers Out (897,632) (92,156) (989,788) CHANGE IN NET ASSETS 1,391,551 ..,4!~8,287 1,889,838 425,685 NET ASSETS, Beginning, as Restated 11,836,00~ 18,644,052 30,480,054 3,284,945 NET ASSETS, Ending $ 13,227,553 $ 19,142,339 $ 32,369,892 $ 3,710,630 Amounts Reported for Business-Type Activities in the Statement ofActivities are Different Because: Change in Net Assets of Proprietary Funds $ 1,889,838 Internal service funds are used by management to charge the costs of fleet maintenance, . vehicle replacement and health insurance to the individual funds. A portion of the net intbat ~7 of the internal service funds is reported with business-type activities in the statement of activities.'9~ 140,476 Change in Net Assets of Business-Type Activities $ 2,030,314 The accompanying notes are an integral part of the financial statements. 7 1 4 TOWN OF ESTES PARK, COLORADO SIKIEMENT OF CASH FLOWS PROPRIETARY FUNDS IncreakÂ«Decreascj in Cash and Cash Equivalents Year Ended December 31, 2006 GOVERNMENTAL TOTAL ACTIVITIES LIGHT AND BUSINESS-TYPE INTERNAL POWER WATER ACTIVITIES SERVICE CASH FLJWFFROM OPERATING ACTIVITIES Cash Received from Customers $ 9,653,694 $ 2,416,293 $ 12,069,987 3 1,129,523 Cash Received from Other Sources 550,694 85,264 635,958 3,921 Cash Paid to Suppliers (6,782,816) (1,641,037) (8,423,853) (509,841) Cash Paid to Employees (1,201,233) (578,634) (1,779,867) (276,403) Net Cash Provided by Operating Activities 2,220,339 281,886 2,502,225 347,200 CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Transfers to Other Funds (897,632) (92,156) (989,788) Net Cash Provided (Used) by Noncap~~~~cing Activities (897,632) (92,156) (989,788) CASH FLOWS FROM CAPITAIJd~miSED FINANCING ACTIVmES Purchase of Capital Assets V (623,485) (136,727) (760,212) (31,713) Loans to Outside Entity . (550,000) (450,000) (1,000,000) (750,000) Principal Paid (195,000) (220,000) (415,000) - Interest Paid (107,907) (83,576) (191,483) Capital Contributions Received - 609,468 609,468 Net Cash Provided (Used) by Capital and RelatÂ£d Financing Activities (1,476,392) (280,835) (1,757,227) (781,713) CASH FLOWS FROM INVESTING ACTIVITIES Interest Received 129,818 78,672 208,490 122,093 Net Cash Provided by Investing Activities 129,818 78,672 208,490 122,093 NET INCREASE IN CASH AND CASH EQUIVALENTS 60Â¢R20 (23,867) (12,433) (36,300) (312,420) CASH AND CASH EQUIVALENTS, Beginning 3,518,060 3,236,146 6,754,206 3,346,797 CASH AND CASH EQUIVALENTS, Ending $ 3,494,193 $ 3,223,713 $ 6,717,906 $ 3,034,377 RECONCILIATION OF OPERATING INCOME (LOSS) TO NET CASH PROVIDED BY OPERATING ACTIVITIES Operating Income (Loss) $ 2,265,021 $ (18,301) $ 2,246,720 $ 301,305 Adjustments to Reconcile Operating Income (Loss) to Net Cash Provided by Operating Activities Depreciation 545*1~* 475,325 1,020,926 7,854 Loss on Disposal of Capital Assets ;1 - 1,054 Changes in Assets and Liabilities Accounts Receivable (417,685) (60,174) (477,859) 242 Inventories (21369) 587 (20,782) (1,847) Prepaid Expenses 41,180 - 41,180 (42,305) Accounts Payable (124,897) (56,760) (181,657) 43,603 Accrued Liabilities (11,314) (34,122) (45,436) 5,417 Customer Deposits and Advances .(25,852) - (25,852) Insurance Claims Payable - - - 14,685 Compensated Absences (31,400) (24,669) (56,069) 18,246 Total Adjustments (44,682) 300,187 4 255,505 45,895 Net Cash Provided by Operating Activities $ 2,220,339 $ 281,886#Â¥7 7,502,225 $ 347,200 The accompanying notes are an integral part of the financial statements. 8 TOWN OF ESTES PARK, COLORADO STATEMENT OF FIDUCIARY NET ASSETS ~ . _ DecÂ¢mber.31, 2006 PENSION TRUST AGENCY ASSETS ,*~ Cash and â‚¬46:Eqtivalents $ 70,750 $ Investrif6tfP' Money Mirket Funds 40,987 US Agency Securities 448,680 Money Market Funds 306,790 Local Government Investment Pools 252,795 457,871 TOTAL ASSETS 1,120,002 457,871 LIABILITIES Accounts Payable 159 - Special Assessments Payable 18,357 Due to Friends of Stanley H~ - 439,514 TOTAL LIABILITIES 159 $ 457,871 NET ASSETS Held in Trust for Pension Benefits $ 1,119,843 The accompanying notes are an integral part of the financial statements. 9 ' '1 TOWN OF ESTES PARK, COLORADO STATEMENT OF CHANGES IN FIDUCIARY NET ASSETS Â¥ear Ended December 31,2006 PENSION TRUST ADDITIOB188~ State â‚¬6ii0~fdhs $ 55,772 Town C~ntfibutions 63,828 . Investment Income 36,836 TOTAL ADDITIONS i 156,436 DEDUCTIONS Pension Benefit Payments 88,831 CHANGE IN NET ASSETS 67,605 NET ASSETS, Beginning 9, 1,052,238 NET ASSETS, Ending $ 1,119,843 The accompanying notes are an integral part of the financial statements. 10 TOWN OF ESTES PARK, COLORADO NOTES TO FINANCIAL STATEMENTS - DBeember 31, 2006 NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Town of Estes Park, Colorado (the "Town") is a statutory municipality governed by a council- .(39//d@>' 7446*5*p- manager form of government through a Mayor and six-member Board of Trustees elected by the Â»ely residents. The.accounting policies of the Town and its component units conform to generally accepted accounting principles as applicable to governments. The Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for establishing governmental accounting and financial reporting principles. Following is a summary of the more significant policies. Reporting<Â¢~ity wy,~4Â¥' In a c%~Afee with governmental accounting standards, the Town has considered the possibility of inclusion of additional entities in its financial statements. The definition ofthe reporting entity is based primarily on financial accountability. The Town is financially accountable for organizations that make up its legal entity. It is also financially accountable for legally separate organizations if Town officials appoint a voting majority of the organization's governing body and either it is able to impose its will on that organization or there is a potential for the organization to provide specific financial benefits to, or to impose specific financial burdens on, the T932~he Town may also be financially accountable for organizations that are fiscally depend,0~*#Mt. Based on the application Jfthese criteria, the Town includes the following component units in its financial statements. The Estes Park Urban Renewa/Authority (EPURA) provides redevelopment within the Town limits. The Town Board of Trustees appoints the governing board of EPURA. EPURA is blended into the Town's financial statements because it provides services exclusively to the Town, receives all of its funding from the Town, and agreements betweeq*e entities restrict EPURA's activities to those approved by the Town Board of Trustees. ERWRA N reported using three funds, special revenue, debt service, and capital projects. er The Estes Park Building Authority (Building Authority) was formed to provide financing for improvements to the Town-owned golf course. The Estes Valley Recreation and Park District operates the course under a management agreement. The Town Board of Trustees appoints the directors of the Building Authority. The Building Authority is reported as a debt service fund. Complete financial statements of EPURA may be obtained by contacting the Town's Finance Department at 170 MacGregor Avenue, Estes Park, Colorado 80ijl~e Building Authority does not issue separate financial statements. 11 ,. TOWN OF ESTES PARK, COLORADO NOTES TO FINANCIAL STATEMENTS DEcember 31, 2006 NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Al~ Reporting Entity (Continued) . Joint Venture -In 1975, the Town joined with the cities of Fort Collins, Longmont, and Loveland to establish the Platte River Power Authority (Authority), to provide electrical power and energy to the Town and cities. The Authority is governed by an eight-member Board. 'Each participant's CounciVTrustees appoint two members to the Board. The Town has a residual interest in the assets ofthe Authority that may revert to the Town upon dissolution of the Authority. The Town has no equity inteiest in the Authority. Complete financial statements of the Authority may be obtained by contacting *e Authority at 2000 East Horsetooth Road, Fort Collins, Colorado, 80525-5721. Gov,~de and Fund Financial Statements The government-wide financial statements (i.e., the statement of net assets and the statement of activities) report information on all of the nonfiduciary activities of the Town and its component units. For the most part, the effect of interfund activity has been removed from these statements. Exceptions to this general rule are charges for interfund services that are reasonably equivalent to the services provided.Â· Governmental activities, which normally are supported by taxes and intergbvernmental revenues, are reported separately from business-type activities, which rely to a significant extent on fees and-Ymrs for support. The statement of activigg~nstrates the degree to which the direct expenses of the given function or segment are oyset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include 1) charges to customers or applicants who purchase, use, or directly benefit from goods, services, or privileges provided by a given function or segment and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Taxes and other items not properly included among program revenues are reported instead as general revenues. Separate financial statements are provided for goventmental funds, proprietary funds, and fiduciary funds, even though the latter are excluded from.#29'twn's government-wide financial statements. Major individual governmental funds are~*6'Med as separate columns in the. fund financial statements. Measurement Focus, Basis of Accounting, and Financial Statement Presentation The government-wide financial statements are reported usingthe economic resources measurement fbcus and the accrual basis of accounting, as are the proprietary fund and pension trust fund financial statements. The agency funds utilize the accrual basis 06accounting. Revenues are recorded when earned and expenses are recorded when the liabilit~~ncurred, regardless of the timing of related cash flows. Property taxes are recognized a~g~lrues in the year for which they are levied. Grants and similar items are recognized as revenuelsoon as all eligibility requirements imposed by the provider have been met. 12. 0 . TOWN OF ESTES PARK, COLORADO NOTES TO FINANCIAL STATEMENTS DUember 31, 2006 NOTE 1: . SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) r , ' Measurement Focus, Basis of Accounting, and Financial Statement Presentation (Continued) 9(r...5*/7 Governmental fund financial statements are reported using the current financial resources measurement focus andthe modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collected within the current period or soon enough thereafter to pay liabilities ofthe current period. For this purpose, the Town considers revenues to be available if they are collected within 60 days ofthe end of the current fiscal period. PropertÂ¥0~*~pecific ownership taxes, grants, and interest associated with the current year are consid**f~susceptible to accrual and so have been recognized as revenues of the current year. All oif~N~venues are considered to be measurable and available only when cash is received by the Town. Expenditures generally are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures, as well as expenditures related to compensated absences, are recorded only when payment is due. Private-sector standards of accounting and financial reporting issued prior to December 1,1989, generally are followed in bothtl~overnment-wide and proprietary (enterprise and internal service) ..2521' #fr fund financial stateme~WI*the extent that those standards do not conflict with or contradict guidance of the Governm~al Accounting Standards Board. Governments also have the option of following subsequent private-sector guidance fortheir business-type activities and enterprise funds, subject to this same limitation. The Town has elected not to follow subsequent private-sector guidance. Proprietary funds distinguish operating revenues and expenses from nonoperating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with a proprietary fund's princi,Aq,going operations. Operating expenses for enterprise funds and internal service fundsjn1utrelhe cost of sales and services, administrative expenses, and depreciation on capital assel~KiMevenues and expenses not meeting this definition are reported as nonoperating revenues and expenses. When both restricted and unrestricted resources are available for use, it is the Town's practice to use restricted resources first, then unrestricted resources as they are needed. In the fund financial statements, the Town reports the following major governmental funds: The General Fund is the Town's primary operating fund. It acco*~~,~.r all financial resources of the Town, except those required to be accounted for in ano ra. The Communit>ReinvestmentFundaccounts forrevenues in excess ofthe Tabor Amendment limits for the Town and the Estes Park Urban Renewal Authority which are used for capital projects. 13 TOWN OF ESTES PARK, COLORADO NOTES TO FINANCIAL STATEMENTS - December 31,2006 NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Measurement Focus, Basis of Accounting, and Financial Statement Presentation (Continued) The Convention/Visitor Bureau Fundaccounts forthe activities ofthe Town related to tourism, and culture and recreation activities sponsored by the Town. The Urban Renewal Authority Debt Service Fund accounts for the accumulation of resources for, and the payment of long-term debt principal, interest, and related costs of EPURA. The Town regorts the following major proprietary funds: The 1, ower Fund accounts for the financial activities associated with the provision of eled,maices. The Water Fundaccounts for the financial activities associated with the provision of water servicek. Additiodally, the Town reports the following fund types: The Internal Service Funds account for fleet maintenance, vehicle replacement, catastrophic loss and health insurance services provided to other departments ofthe Town on a cost reimbursement basis. The Pension Trust Fuh091*count for the activities of the fire and police pension plans, which accumulate resources fogenefits to qualified employees. The Agency Fundf are used to account for resources collected to pay special assessment debt and to assist with a feasibility study and construction of a future performing arts facility. The Town holds all resources in a purely custodial capacity. Assets, Liabilities and Net Assets/Fund Balanc~ Cash and Investments - Cash equivalenl~ investments with original maturities of three months or less. Investments in pooled cash are considered cash equivalents. Investments are recorded at fair value. Inte*nd Receivables/Payables - During the course of operations, numerous transactions occur between individual funds. The resulting receivables and payables are classified in the fund financial statements as due BÂ·om otherfunds and due to otherfunds because they are short-term in nature. Noncurrent portions of interfund receivables and payables are -repo~d as advances and are offset equally by a fund balance reserve account which indicates thal~g*~38 not constitute expendable available fihancial resources and therefore are not availabld#Appropriation. Any residual balances outsthnding between goverAental and business-type activities are reported in tRe government-wide financial statements as internal balances. 14 TOWN OF ESTES PARK, COLORADO NOTES TO FINANCIAL STATEMENTS December 31,2006 NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) ~ Assets, Liabilities and Net Assets/Fund Balance (Continued) Inventories - Inventories are valued at cost, using the first-in, first-out (FIFO) method. The costs of governmental fund inventories are recorded as expenditures when consumed rather than when purchased. Capital Assets -Capital assets, which include property, equipment, and all infrastructure owned by the Town, are reported in the applicable governmental or business-type activities columns in the government-wide financial statements and the proprietary funds in the fund financial statements. Capitalus#ji* defined by the Town as assets with an initial, individual cost ofmore than $5,000 and ~PmtinTBNd useful life in excess of one year. Such assets are recorded at historical cost or estima~~historical cost if purchased or constructed. Donated capital assets are recorded at estimated fair market value at the date of donation. The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized. Property and equipment ofthe Town and its component units is depreciated using the straight-line method over the following estimated useful lives. Buildings 30 - 40 years Col:ection and Distribu~.~.stems 25 - 50 years Streets, Bridges, and Trails 30 - 40 years Machinery and Equipment 20 - 25 years Vehicles 5 - 10 years Customer Advances for Construction - Customer advances for construction represent amounts received from customers for construction of electric service facilities at their locations. These deposits are refunded to the customers by reduciggilleir annual electric charges by 20% each year, for the lessor of five years or until the entire d~as been refunded. Deferred Revenues -Deferred revenues arise when resources are received by the Town before it has a legal claim to them, as when grant monies are received prior to the incurrence of qualifying expenditures. Property taxes earned but not levied for the current fiscal year are also recorded as deferred revenues. In subsequent periods when the Town has legal claim to the resources as when principal installments ofnotes receivable become available, the liability is removed from the balance sheet and revenue is recognized. Compensated Absences - Employees of the Town are allowed to ac~mulate unused vacation and sick time. Upon termination of employment from the Town, an,6|~fl;ee will be compensated for all accrued vacation time and, i f the employee has completd20 years of continuous service, they will be compensated for 50% of accrued sick time at their current pay rate. 15 TOWN OF ESTES PARK, COLORADO NOTES TO FINANCIAL STATEMENTS - December 31, 2006 NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) 4 Assets, Liabilities and Net Assets/Fund Balance (Continued) These compensated absences are recognized as current salary costs when earned in the proprietary fund types and when due in the governmental funds. A long-term liability has been recorded in the government-wide financial statements for the accrued compensated absences. Long-Term Obligations -In the government-wide financial statements, and proprietary funds in the fund financial statements, long-term debt and other long-term obligations are reported as liabilities in the applicable governmental activities, business-type activities, or proprietary funds stateme~Â£Â§~ assets. Bond premiums and discounts, as well as issuance costs, are deferred and amo Flig&0Â·*x#-Bthe life of the bonds using the straight-line method. , In the~~nancial statements, governmental fund types recognize bond premiums and discounts, as well as bond issuance costs, during the current period. The face amount ofdebt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures. Net Assets/Fund Balance - In,diBÂ·government-wide financial statements, net assets are restricted when constraints place,19!~1~*i as'sets are externally imposed. In the fund financial statements, governmental funds rep2Â¢reservations of fund balance for amounts that are not available for appropriation or are legally restricted by outside parties for use for a specific purpose. Property Taxes Property taxes attach as an enforceable lien on property on January 1 and are levied the following January. Taxes are payable in full on April 30 or in two installments on February 28 and June 15. The County Treasurer's Office collects property taxes and remits to the Town on a monthly basis. Since property tax revenues are collectecw*~~ars during the succeeding year, a receivable and corresponding deferred revenue are recorded at December 31. As the tax is collected in the succeeding year, the deferred revenue is recognized as revenue and the receivable is reduced. Contraband Forfeitures The Colorado Contraband Forfeiture Act all6ws law enforcement agencies to retain proceeds from the seizure of contraband. These proceeds are not subject to appropriation in the budget process. Cash proceeds are recorded in the General Fund. Property and~~ent seized are recorded as capital assets. 16 . 4 TOWN OF ESTES PARK, COLORADO NOTES TO FINANCIAL STATEMENTS - December 31, 2006 NOTE 2: STEWARDSHIP, COMPLIANCE AND ACCOUNTABILITY A Legal Compliance doâ‚¬26;1,7 For the year ended December 31,2006, the General Fund, Community Reinvestment Fund, and Urban Renewal Authority (Special Revenue) Fund expenditures and transfers out exceeded the budgeted amounts by $486,969, $128,426, and $100,575, respectively. These may be violations of State statute. NOTE 3: CASH AND INVESTMENTS A summ~ash and investments as of December 31,2006 follows: Petty tish $ 2,220 Cash Deposits 400,632 Investments 19,140,213 Total $ 19,543,065 Cash and investments are reported in the financial statements as follows: Cash and Investments -**3%&*' $ 15,802,052 fi Mltâ€¢#dthY Restricted Cash and InÂ¥*stments 2,163,140 Pension Trust Funds Â¥ 1,120,002 Agency Funds 457,871 Total $ 19,543.065 Cash Deposits The Colorado Public Deposit Protection Act (g#~2 requires that all units of local government deposit cash in eligible public depositori~* -#Eligibility is determined by State regulations. Amounts on deposit in excess of federal- insurance levels must be collateralized by eligible collateral as determined by the PDPA. The financial institution is allowed to create a single collateral pool for all public funds held. The pool is to be maintained by another institution, or held in trust for all the uninsured public deposits as a group. The market value ofthe collateral must be at least equal to 102% of the uninsured deposits. At December 31, 2006, the Town had bank deposits of $251,506 collateralized with securities held by the financial institutions' agents but not in the Town's name. Investments The Town is required to comply with State statutes which specify investment instruments meeting defined rating, maturity, and concentration risk criteria in which local governments may invest, which include the following. State statutes do not address custodial risk. 17 TOWN OF ESTES PARK, COLORADO NOTES TO FINANCIAL STATEMENTS December 31,2006 NOTE 3: CASH AND INVESTMENTS (Continued) t#420059@ Investments (Continued) â€¢ Obligations of the United States and certain U.S. Agency securities â€¢ Certain international agency securities â€¢ General obligation and revenue bonds of U.S. local government entities â€¢ Bankers' acceptances of certain banks â€¢ Commercial paper â€¢ Local government investment pools â€¢ Written repurchase agreements collateralized by certain authorized sedurities â€¢ Certaig,glig-ey market funds â€¢ Gyi!*mtfinvestment contracts The i own's investment policy follows State statutes. At December 31,2006 the Town had the following investments: Investment Maturities (in Years) S&P Less Fair Investment Type Rating Than 1 1-5 Value Local Government Investment Poolr.Â·0?1 AAAm $ 8,898,075 $ - $ 8,898,075 U.S. Treasury 441&t*74 N/A 496,600 999,650 1,496,250 U.S. Agency Securities '@P~ AM 1,514,925 3,479,200 4,994,125 Money Market Funds AAAm 2.702,511 - 2,702,511 Total 3 13,612,111 $ 4,478,850 $ 18.090.961 At December 31,2006 the Town's Pension Funds had the following investments: Investment Maturities (in Years) S&P Less Fair Investment Type RatidA Than 1 1-5 Value Local Government Investment Pool 1*MAAm $ 252,795 $ - $ 252,795 U.S. Treasury N/A 199,816 248,864 448,680 Money Market Funds AM 40,987 - 40,987 Mutual Funds Not Rated 306,790 - 306.790 Total $ 800.388 S 248,648 $ 1,049.252 Interest Rate Risk - State statutes limit investments in U.S. Agency securities to an original maturity of five years unless the governing board authorizes the investment for a peribd in excess of five years. Credit Risk - State statutes limit investments in U.S. Agencyl:Eurities to the highest rating issued by nationally recognized statistical rating organizations ('NRSROs"). 18 TOWN OF ESTES PARK, COLORADO NOTES TO FINANCIAL STATEMENTS - December 31,2006 NOTE 3: CASH AND INVESTMENTS (Continued) Investments (Continued) 1 1.~L- State statutes limit investments in money market funds to those with the highest rating issued by NRSROs and with a constant share price, or to money market funds that invest only in specified securities. Concentration of Credit Risk - State statutes do not limit the amount the Town may invest in one issuer. At December 31, 2006, the Town's investment in Federal Home Loan Mortgage Corporation, Federal Home Loan Note, and Fannie Mae Note was 8%, 11% and 6%, respectively of the Town[5.total investments. Also, the Town's Pension investment in Federal Home Loan MortgagpgogÂ®ration, Federal Home Loan Baijk and Mutual Funds was 24%, 19% and 29% ofthe ToWS~ pension investments. Local Government Investment Pool - At December 31,2006, the Town had $916,700, $2,334,529, and $5,899,641, invested in the Colorado Surplus Asset Fund Trust (CSAFE), the Colorado Diversified Trust, and the Colorado Local Government Liquid Asset Trust (Colotrust), respectively, investment vehicles established by State statute for local government entities in Colorado to pool surplus funds. The State Securities Commissioner administers and enforces requirements of creating and operating the Pools. The Pools operate similarly to a money market fund and each share is equal in value to $ 1.0(j~e Pools are rated AAAm by Standard and Poor's. Investments of the pools are limited*olth&#Eldlowed by State statutes. A designated custodial bank provides I .20,43Â».-7 safekeeping and depositog*services in connection with the direct investment and withdrawal functions. Substantially %1Tsecurities owned are held by the Federal Reserve Bank in the account maintained for the custodial bank. The custodian's internal records identify the investments owned by the participating governments. Restricted Cash The Estes Park Urban Renewal AuthorityDebt Service and Capital Projects Fundshold investments of $1,977,154 restricted for payment of debt..s004 and capital projects of the Authority. In addition, the Convention/Visitor Bureau ]~â‚¬RL restricted cash in the amount of $185,986. NOTE 4: NOTE RECEIVABLE During 2006, the Town received a promissory note from the Estes Park Housing Authority for assistance with the acquisition of an affordable housing property in the original amount of $2,700,000. Interest at 3.63% is due quarterly, beginning March 1,2006 through June 1,2008, to be adjusted on June 1,2007. Principal is due on June 1,2008. A~pecember 31,2006, the note receivable amounts of $950,000, $550,000, $450,000, and $759,0)012 recorded in the General, Light and Power, Water and Catastrophic Loss Funds, respeÂ¢Wdly. 19 I 1 TOWN OF ESTES PARK, COLORADO NOTES TO FINANCIAL STATEMENTS - December 31,2006 NOTE 4: NOTE RECEIVABLE (Continued) ABO Annual principal and interest to be received by the Town are as follows: Â£-ig thir Interest Year Ended December 31, Principal Total 2007 $ -$ 98,010 $ 98,010 2008 2,700.000 49,005 2,749.005 Total $ 2,700.000 $ 147,015 $ 2,847.015 NOTE 5: PROBE~~|~ELD FOR RESALE In 2002; EPURA acquired land and building for resale as part of the urban renewal plan. During 2004, the property was redeveloped as a commercial/residential site. During 2006, EPURA determined that the fair value of the property should be $875,000, therefore the value of the property held for resale was written-down by $164,463. NOTE 6: CAPITAL ASSETS Capital assets activity fo,111*~iP ended December 31,2006 is summarized below: Â¥W â€¢.,1 V Balance Balance 12/31/05 Additions Deletions 12/31/06 Governmental Activities Capital Assets, Not Being Depreciated Land $ 6,374,662 $ . $ . $ 6,374,662 Construction in Progress 1,089,398 102,060 1.089.398 102,060 Total Capital Assets, Not Being Depreciated 7,464,060 102,060 1,089.398 6.476,722 Capital Assets, Being Depreciated Buildings Â· 10,796.30~ 3,072,735 56,931 13,812,106 Infrastructure 92 *** 1,105,975 - 93,825,849 Machinery and Equipment 680,322 672,842 140,993 5,112,171 Total Capital Assets, Being Depreciated 108,096.498 4,851.552 197.924 112.750,126 Less Accumulated Depreciation For Buildings (4,568,303) (367,427) (36,674) (4,899,056) Infrastructure (63,685,251) (2,493,415) - (66,178,666) Machinery and Equipment (2,827.468) (345,836) (140.993) (3.032,311) Total Accumulated Depreciation (71,081.022) (3.206,678) (177.667) (74.110,033) Total Capital Assets, Being Depreciated, Net 37.015.476 1.644,874 ,~ 20,257 38,640,093 Governmental Activities Capital Assets, Net $ 44,479,536 $ 1,746,937 $ 1,109,655 $ 45,116,815 V 20 .. TOWN OF ESTES PARK, COLORADO NOTES TO FINANCIAL STATEMENTS - December 31,2006 NOTE 6: CAPITAL ASSETS (Continued) Balance Balance 12/31/05 Additions Deletions 12/31/06 4334414~'Business-Type Activities Capital Assets, Not Being Depreciated Land and Easements $ 2,943,951 $ . $ . $ 2,943,951 Capital Assets, Being Depreciated Buildings 2,338,294 6,734 2,345,028 Infrastructure 24,848,414 205,762 26,858 25,027,318 Machinery and Equipment 10,657.293 547,716 152,257 11,052.752 Total Capital Assets, Being Depreciated 37.844.001 760,212 179,115 38,425.098 Less AccumulatedÂ®amiation For Buildings:-,~ (1,391,240) (51,564) - (1,442,804) Infrastru8Â¥!NO~ (7,619,841) (525,700) (26,858) (8,118,683) Machinery'*hd Equipment (5,178,257) (443.662) (151,203) (5.470,716) Total Accumulated Depreciation (14,189.338) (1,020.926) (178.061) (15,032,203) Total Capital Assets, Being Depreciated, Net 23,654.663 (260,714) 1.054 23,392,895 Business-Type Activities Capital Assets, Net $ 26,598,614 3 (260,7141 $ 1,054 S 26,336,846 Depreciation expense was charged to functions/programs ofthe Town as follows: Governmental Activities*EÂ¥' General Government 'f~B.*- $ 1,380,976 Public Safety 217,964 Public Works 1,106,298 Culture and Recreation 501.440 Total $ 3,206,678 Business-Type Activities Light and Power $ 545,601 Water 475.325 Total $ 1,020.926 NOTE 7: LONG-TERM DEBT Governmental Activities Following is a summary of long-term debt transactions for the goye~al activities for the year ended December 31,2006. -- 21 TOWN OF ESTES PARK, COLORADO NOTES TO FINANCIAL STATEMENTS December 31,2006 NOTE 7: LONG-TERM DEBT (Continued) ~,d~ Governmental Activities (Continued) '27= Balance Balance Due Within 12/31/05 Additions Deletions 12/31/06 One Year 2003 Revenue Refunding Bonds $ 2,590,000 $ - $ 835,000 $ 1,755,000 $ 860,000 Bond Premium 34,263 - 12,093 22,170 - Deferred Ainount on Refunding (36,930) - (13,034) (23,896) - 1998 Certificates of Participation 326,000 - 75,000 251,000 79,000 Capital Lease Obligations 618,136 - 199,300 418,836 205,161 Compensated Absences~ 335,278 191,402 179.245 347.435 173,262 &81151 .!S@--*i *ta $ 3.866,747 $ 191,402 $ 1.287,604 $ 2.770.545 $ 1.317.423 2003 Tax Increment Revenue Refunding Bonds were issued by the Estes Park Urban Renewal Authority (EPURA) to refinance EPURA's Series 1993 Bonds. Principal payments are due annually on May 15. Interest payments are due semi-annually on May 15 and November 15, through 2008. Interest accrues at rates ranging from 3% to 3.25%. Annual debt service requirements for the outstanding bonds at December 31,2006, are as follows. Year Ended December 3 H. ~ Principal Interest Total 2007 $ 860,000 $ 41,988 $ 901,988 2008 895.000 14.544 909.544 Total Debt Service Requirements $ 1.755.000 $ 56.532 $ 1.811.532 1998 Refunding Certificates of Participation were issued by the Estes Park Building Authority (Building Authority) to refinance the Building Authority's 1990 Certificates of Participation. Principal payments are due annually on Octob$2Â§01*erest payments are due quarterly on January 25, April 25, July 25 and October 25, thro*0!609. Interest accrues at a rate of 5.5% per annum. Annual debt service requirements for the outstanding certificates of participation at December 31, 2006, are as follows. Year Ended December 31, Principal Interest Total 2007 $ 79,000 $ 13,805 $ 92,805 2008 84,000.1 9,460 93,460 2009 88.OO6Pal 4.840 92.840 9 . Total Debt Service Requirements $ 251,000 $ 28.105 $ 279.105 22 . 4 TOWN OF ESTES PARK, COLORADO NOTES TO FINANCIAL STATEMENTS - December 31,2006 NOTE 7: LONG-TERM DEBT (Continued) 1,Â¢#fE@ Governmental Activities (Continued) .Atar .434 The Town has entered into several capital lease agreements to purchase land, buildings, and equipment which will be paid from revenues ofthe General and Community Reinvestment Funds. Capital assets of $754,000 have been capitalized under these lease agreements. Following is a schedule of the future minimum lease payments required under the outstanding capital lease obligations at December 31,2006. Year Ended'*cember 31, $ 214,766 2008 9' 217.125 Total Minimum Lease Payments 431,891 Less: Interest (13.055) Present Value of Future Minimum Lease Payments $ 418,836 Compensated absences are expected to be liquidated primarily with revenues ofthe General Fund. Business-Type Activities;,IMâ„¢F Following is a summary oflong-term debt transactions for the business-type activities for the year ended December 31,2006. Balance Balance Due Within 12/31/05 Additions Payments 12/31/06 One Year 1999 Light and Power Revenue Bonds $ 2,130,000 $ - $ 195,000 $ 1,935,000 $ 209,000 1997B Water Loan 530,000 75,000 455,000 80,000 1993A and 1990AWater Loans 835,000 145,000 690,000 155,000 Compensated Absences 215,981 0 69,286 125,355 159,912 97.546 Total $ 3.710.981 S 69.286 3 540,355 $ 3,239,912 $ 532.546 1999 Light and Power Revenue Bonds were issued to relocate and make improvements to the Town's light and power facilities. Principal payments are due annually on November 1. Interest payments are due semi-annually on May 1 and November 1, through 2014. Interest accrues at rates ranging from 4% to 5.45%. Annual debt service requirements for the outstanding bonds at December 31,2006, are as follows. 23 I . TOWN OF ESTES PARK, COLORADO NOTES TO FINANCIAL STATEMENTS - December 31,2006 NOTE 7: LONG-TERM DEBT (Continued) 40 Business-type Activities (Continued) Year Ended December 31, Principal Interestr Total 2007 $ 200,000 $ 100,940 $ 300,940 2008 210,000 91,140 301,140 2009 220,000 80,640 300,640 2010 235,000 69,530 304,530 2011 245,000 57,427 302,427 825.000 91.025 916.025 ~~~~ervice Requirements $ 1.935,000 $ 490,702 $ 2,425,702 NY 1997B Water Loan from the Colorado Water Resources and Power Development Authority was obtained to finance improvements to the water system. Principal payments are due annually on October 1. Interest payments are due semi-annually on April 1 and October 1 through 2011. Interest accrues at rates ranging from 3.8% to 5%. 1993A Water Loan from the Colorado Water Resources and Power Development Authority to finance improvements to t]**~r system. Principal payments are due annually on November 1. Interest payments areraue,Semi-annually on May 1 and November 1 through 2010. Interest '49* *$11/, accrues at rates ranging fronâ€¢2.7% to 5%. V Annual debt service requirements for the outstanding loans at December 31, 2006, are as follows. Year Ended December 31, Principal Interest Total 2007 $ 235,000 $ 71,410 $ 306,410 2008 250,000 49,293 299,293 2009 ~ 270,000 28,883 298,883 2010 285,000 10,607 295,607 2011 105.000 - 105.000 Total Debt Service Requirements $ 1.145,000 $ 160.193 $ 1,305.193 Park Entrance Special Improvement District During 1996, $165,000 Special Improvement District Bpnds were issued to finance improvements within the Park Entrance Estates. The Town is not obligated for thi~ and is only acting as an agent for the property owners in collecting assessments ant*ARE 'the required debt service. Therefore, the debt activity is recorded in the Park EntiÂ«e Estates Agency Fund and the outstanding debt is not recorded in the Town's financial statements. The bonds were paid off in 2006. 24 . 1 TOWN OF ESTES PARK, COLORADO NOTES TO FINANCIAL STATEMENTS December 31,2006 NOTE 8: INTERFUND TRANSFERS Interfund transfers for the year ended December 31,2006, were comprised ofthe following: %2*:' Transfers In Transfers Out Amount General Light and Power $ 897,632 General Water 92,156 Museum General 231,044 Community Reinvestment General 1,350,000 Senior Citizens General 141,082 EPURA Â§204,Revenue General 200,000 1.800.000 Conventlonelsitor Bureau General Total $ 4,711,914 During the year ended December 31,2006, the General Fund made transfers to the Museum, Senior Citizens, EPURA and Convention/Visitor Bureau Funds to subsidize operating costs. The General Fund transferred sales tax revenues in excess ofthe Tabor Amendment limits to the Community Reinvestment Fund. The Light and Power Fund and Water Fund made transfers to the General Fund to reimburse for overhead costs. NOTE 9: RISK MANAGEMENT,0~ Public Entity Risk Pool The Town is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; injuries to employees; and natural disasters. For these risks of loss, the Town is a member ofthe Colorado Intergovernmental Risk Sharing Agency (CIRSA), a separate and independent governmental and legal entity formed by intergovernmental agreement by member municipalities pursuant to State statute. The purposes of CIRSA are to provide members defined liability, property, and workers compensation coverages and to assist members in preventing and reducing losses and injuries to municipal property and to persons or property which might result in claims being made against members of CIRSA, their employees and officers. It is the intent of the members of CIRSA to create an entity in perpetuity which will administer and use funds contributed by the members to defend and indemnify, in accordance with the bylaws, any member of CIRSA against stated liability of loss, to the limit ofth~~pcial resources of CIRSA. It is also the intent of the members to have CIRSA provide contimi#i; stability and availability of needed coverages at reasonable costs. All income and as.&fof CIRSA shall be at all times dedicated to the exclusive benefit of its members. CIRSA is a separate legal entity and the Town does not approve budgets nor does it have the ability to significantly affect the operations of CIRSA. 25 TOWN OF ESTES PARK, COLORADO NOTES TO FINANCIAL STATEMENTS - December 31,2006 NOTE 9: RISK MANAGEMENT (Continued) Ab Self-Insured Medical Plan The Town is partially self-insured for health benefits to eligible employees and dependents. For the year ended December 31,2006, the Town was responsible for up to $5,000 per claim, per year. Self-insurance activities were accounted for in the Health Insurance Internal Service Fund. The Town recognizes claims payable at December 31,2006, estimated at fout months ofpremiums, to c6ver incurred claims should the Town terminate the health insurance contract with the commercial carrier. Settled claim amounts have not exceeded insurance coverage in the past three years. Claims payable as of and for the years ending December 31,2006 and 2005, were as follows: Claims,E~ December 31,2004 J $ 102,632 Claiiâ‚¬Â¥~#1Rd and Adjustments 295,391 Claih#Paid (297.025) Claims Payable, December 31,2005 100,998 Claims Incurred and Adjustments 363,246 Claims Paid (348.426) Claims Payable, December 31,2006 $ 115,818 NOTE 10: RETIREMENT COMMrrMENTS DEFINED CONTRIBOTION PLANS Management Employees and Police Money Purchase Pension Plans The Town contributes to a single-employer defined contribution money purchase pension plan on behalf of management employees and a similar plan for police officer's. The contribution requirements of Plan participants and the Town a~*stablished and may be amended by the Town Board of Trustees. -19* Management Employees Plan - Management employees are eligible to participate in the Plan. The Plan is administered by International City Managers' Apsociation (ICMA). The Townis required to contribute 10% ofeach participant's covered salary to the Plan, and employees must contribute 7.5% of covered salary. During the year ended.December 31, 2006, the Town and employee contributions were $62,523 and $50,643, respectively, equal to the required contributions. Police Plan - AU sworn police employees shall be eligible to participate in the Plan administered by International City Managers' Association (ICMA). The Town 4quired to contribute 9.2% ofeach participating employee's covered salary, and eachemplo,~contribute 8% of covered salary. During the year ended December 31, 2006, the To~Fand employee contributions were $108,386 and $94,249, respectively, equal to the required contributions. 26 .. TOWN OF ESTES PARK, COLORADO NOTES TO FINANCIAL STATEMENTS - December 31,2006 NOTE 10: RETIREMENT COMMITMENTS (Continued) ,.,4#~ DEFINED CONTRIBUTION PLANS (Continued) Management Employees and Police Money Purchase Pension Plans (Continued) Death and disability coverage is provided for members through the Statewide Death and Disability Plan, which is administered by the Colorado Fire and Police Pension Association. All full-time, paid police officers of the Town are members of the Plan. The State Legislature establishes benefit provisions of the Plan. DEFINE~*NEFIT PLANS DefiffE13#~fit Multiple-Employer Pension Plan 97 Plan Description - The Town contributes to the Municipal Division Trust Fund (MDTF), a cost- sharing multiple-employer defined benefit pension plan administered by the Public Employee's Retirement Association of Colorado (PERA). MDTF provides retirement and disability, annual increases, and death benefits for members or their beneficiaries. Title 24, Article 51 of the Colorado Revised Statutes (CRS), as amended, assigns the authority to establish benefit provisions to the State Legislature. PERA issues a publicly available annual financial report that includes financial statements and req~0*hppplementary information for the MDTF. That report may be obtained by contacting P ' 4 ..Colorado, 1300 Logan Street, Denver, Colorado, 80203. Funding Policy - Plan membersandthe Town arerequired to contribute ata rate setby statute. The contribution requirements of Plan members and the Town are established under Title 24, Article 51, Part 4 ofthe CRS, as amended. The contribution rate for members is 8% and for the Town is 10.5% of covered salary. A portion of the Town's contribution (1.02% of covered salary) is allocated to the Health Care Trust Fund (See Note 8). The Town's contributions to MDTF for the years ended December 31, 2006, 2005, and 2004 were $375,528, $356,245, and $329,003, respectively, equal to the required contributions for each year. Volunteer Firefighters' Pension Plan 4/ Plan Description - The Town has established a single-employer defined benefit pension plan for volunteer firefighters as authorized by State statute. The Plan is administered by a Board of Trustees composed ofTown Trustee members and firefighters. The Board ofTrustees established the Plan benefits. Any firefighter who has both attained the age of fifty and completed twenty years of active service shall be eligible for a monthly pension, currently $350. A firefighter who is disabled in the line of duty and whose disability is of such character and magnitude as to deprive the firefighter of earning capacity and extends beyond one year, shall B*ompensated in an amount determined by the Board of Trustees. Currently, the Plan coveg,@*Nt#ees and beneficiaries, has one inactive member eligible to receive benefits and 35 active#â‚¬i~ers. The plan does not publish a separate stand-alone report, but is included in these financial statements as a Pension Trust Fund. 27 TOWN OF ESTES PARK, COLORADO NOTES TO FINANCIAL STATEMENTS Decembet 31, 2006 NOTE 10: RETIREMENT COMMITMENTS (Continued) ''~~ij~ DEFINED BENEFIT PLANS (Continued) â‚¬49' Volunteer Firefighters' Pension Plan (Continued) Funding Policy - The Volunteer Firefighters' Pension Plan may receive contributions from the Town in an amount not to exceed one-halfmill ofproperty taxrevenue. As established bythe State Legislature, the State of Colorado contributes ninety percent of the Town's contribution. The contribution requirements ofthe Town and Plan members are established and may be amended by the Town Board ofTrustees. The contributions are not actuarially determined. An actuary is used to determinedke adequacy of contributions. The actuarial study as of January 1,2005, indicated that the.c{GMIMevel of contributions to the plan are adequate to suppori 6n an actuarially sound basis{~spective benefits, including adminis}rative costs, for the prehent Plan. Actuarial assumptions included the following: Actuarial Cost Method - Entry age Interest Rate - 4.5% per annum, compounded annually Retirement - Age 50 and 20 years of service Disability - None Mortality - 1994 Group Annuit>*ortality Table Marital Status - 90% ma[Iiedg~ 4,41'CA'. Age Difference - Malestas*imed to be 3 years older Asset Valuation - MarketÂ»lue Based on an amortization period ofthirly-four years using the level dollar method on an open basis, the Plan's expected contributions exceed the amount recommended to eliminate the unfunded actuarial accrued liability. During the year ended December 31, 2006, the Town and the State contributed $63,828 and $55,772, respectively, to the Plan. The Plan's net pension obligation for the years end&L December 31,2006 and 2005, respectively, was as follows: 2005 2006 Annual Required Contribution $ 93,315 $ 93,315 Interest on Net Pension Obligation (38,912) (39,471) Adjustment to Net Pension Obligation 49.287 50.734 Annual Pension Cost (APC) 103,690 104,578 Contributions Made (116.117) (119.600) Change in Net Pension Obligation â‚¬ (12,427) (15,022) Net Pension Obligation, Beginning ofYear ,â€¢~64.712) (877.139) Net Pension Obligation, End of Year $ (877.139) $ (892.161) 28 TOWN OF ESTES PARK, COLORADO NOTES TO FINANCIAL STATEMENTS - December 31,2006 NOTE 10: RETIREMENT COMMITMENTS (Continued) 2~L DEFINED BENEFIT PLANS (Continued) Trend information ofthe Plan follows: Percentage Net Fiscal Year Annual Pension ofAPC Pension Ending Cost (APC) Contributed Obligation 12/31/06 $ 104,578 114% $ (892,161) 12/31/05 103,690 112% (877,139) 12/3 1/04 NA 99,247 114% (864,712) 98,496 113% (851,225) 120~$599 58,234 176% (838,740) 12/ij%Y 57,598 178% (794,332) 12/31/00 28,929 277 % (749,320) Police Pension Plan Plan Description - The Town administers the single-employer Police Defined Benefit Pension Plan. Membership in the Plan consists ofone individual currently receiving benefits. The monthly benefit is $214 with no future *reases scheduled. The Plan is closed to new entrants. Plan provisions and contributions.4~~ablished and may be amended by the Town Board of Trustees. The Plan is included ihithe#dinancial statements as a Pension Trust Fund. Funding Policy -No additional contributions are required by the Town based on an actuarial study completed in 1986. No further actuarial evaluations have been prepared. NOTE 11: POST-EMPLOYMENT HEALTHCARE BENEFITS Plan Description - The Town contributes to the,Mfalth Care Trust Fund (HCTF), a cost-sharing multiple-employer postemployment healtheaf~ administered by the PERA. The HCTF provides a health care premium subsidy to'ft}KA participating benefit recipients and their eligible beneficiaries. Title 24, Article 51, Part 12 of the CRS, as amended, assigns the authority to establish the HCTF benefit provisions to the State Legislature. PERA issues a publicly available annual financial report that includes financial statements and required supplementary information for the HCTF. That report may be obtained by writing to PERA of Colorado, 1300 Logan Street, Denver, Colorado 80203 or by calling PERA at 303-832-9550 or 1-800-759-PERA (7372). Funding Policy - The Town was required to contribute at a rate of 1.02% of covered salary for all PERA members as set by statute. No member contributions a~~uired. The contribution requirements for the Town are established by under Title 22~ 51, Part 4 of the CRS, as amended. The Town's contributions to the HCTF for the years ended December 31,2006,2005, and 2004, were $36,382, $36,337, and $34,874, respectively, equal to the required contributions for each year. 29 + TOWN OF ESTES PARK, COLORADO NOTES TO FINANCIAL STATEMENTS - December 31, 2006 NOTE 11: POST-EMPLOYMENT HEALTHCARE BENEFITS (Continued) Other Post-Employment Healthcare Benefits The Town provides health insurance to employees retiring between the ages of 60 and 65. To be eligible, the employee must have been employed by the Town for at least 15 years. Coverage terminates at age 65. Payments are funded by the Town on a pay-as-you-go basis. During the year ended December 31, 2006, the Town paid $23,085 for benefits to five retirees under this plan. NOTE 12: PENSION TRUST FUNDS Combinid@&0ments for the Town's pension trust funds as of and for the year ended December 31,299Â§02Â¥8 as follow: Â¥ Fire Police Pension Pension Total Assets Cash and Investments $ 1,112,245 $ 7.757 $ 1.120.002 Liabilities Accounts Payable 159 - 159 Net Assets Held in Trust for Pension Benefits 1.112.086 7.757 1.119,843 Additions State Contributions 55,772 - 55,772 Town Contributions 63,828 - 63,828 Investment Income ~ 36.496 340 36,836 Total Additions 156.096 340 156,436 Pension Benefit Payments 86.266 2,565 88,831 Change in Plan Net Assets 69,830 (2,225) 67,605 Plan Net Assets, Beginning 1.042.256 9.982 1,052,238 Plan Net Assets, Ending $ 1.112,086 $ 7,757 $ 1,119.843 NOTE 13: COMMITMENTS AND CONTINGENCIES Tabor Amendment Colorado voters passed an amendment to the State Constitution, Artidle X, Section 20, which has several limitations, including revenue raising, spending abilities.,ai0&her specific requirements of state and local government. In November, 2000, voters ,~i?Mhe Town authorized the Town and EPURA to collect and retain all revenue in excess of the revenue limitations of the Amendment, and to spend all such revenues by transferring said revenues into the Community Reinvestment Fund for the purpose ofacquisition, maintenance, repair and replacement of capital projects. 30 TOWN OF ESTES PARK, COLORADO NOTES TO FINANCIAL STATEMENTS December 31,2006 NOTE 13: COMMITMENTS AND CONTINGENCIES (Continued) A The Town has established an emergency reserve, representing 3% of qualifying expenditures, as ~ required by the Amendment. At December 31, 2006, the emergency reserve of $485,000 was recorded as restricted net assets of the governmental activities in the government-wide financial statements and as restricted net assets in the Catastrophic Loss Internal Service Fund in the fund financial statements. Claims and Judgements The Town participates in a number of federal, state, and local programs that are fully or partially funded by grad~received from other governmental units. Expenses financed by grants are subject to audit.byif~'Ppropriate grantor government. If expenses are disallowed due to noncompliance Alt - - .1 *97 with *rah,rogram regulations, the Town may be required to reimburse the grantor government. As of ~&cember 31, 2006, significant amounts of grant expenses have not been audited but management believes that subsequent audits will not have a material effect on the overall financial position of the Town. Litigation The Town is involved in various lawsuits. The outcome ofthis litigation cannot be determined at this time. Unconditional Purch:S~ The Town is a participant in the Municipal Subdistrict, Northern Colorado Water Conservancy District. The purpose of the Subdistrict is to provide a supplemental water supply to the participants through the construction of the Windy Gap Project. The Town is an .8% participant in the Subdistrict. The Subdistrict issued bonds in 1986 to finance the Windy Gap Project. The bonds have since been refinanced. The participants have agreed to seati~hys debt and pay operating expenses through water allotment contracts. The Town's reg ~~#p@yments to service the debt through the year 2017 follows: Year Ended December 31. 2007 $ 62,037 2008 62,017 2009 61,970 2010 61,970 2011 61,970 2012 - 2016 311,775 2017 63.755 Total $ 685.494 31 - TOWN OF ESTES PARK, COLORADO NOTES TO FINANCIAL STATEMENTS - December<31,2006 NOTE 14: RESTATEMENT .*SIVta Duringthe yearended December31,2006, the Town was able tomeasure and report unbilled utility ~ service revenues in the Light and Power and Water Funds. Net assets at December 31,2005, were 1~ restated to refleqt these changes, as follows: Light and Power Water Balance, December 31,2005, as Originally Stated $ 11,093,760 $ 18,531,672 Adjustment 742.242 112.380 Balance, December 31,2005, as Restated $ 11.836.002 $ 18.644.502 V 32 AbÂ®**pr smâ€¢ar v + REQUIRED SUPPLEMENTARY INFORMATION TOWN OF ESTES PARK, COLORADO REOUIRED SUPPLEMENTARY INFORMATION SCHEDULE QF FUNDING PROGRESS VOLUNTEER FIRF,FIGHTER'S PENSION PLAN Year Ended December 31,2006 (Unaudited) Arâ‚¬Nr ./ UAAL as a Actuarial Percentage of Actuariat Actuarial Accrued Unfunded AAL Covered Valuation Value of Liability (AAL) (UAAL) Funded Ratio Covered Payroll Date Assets (a) Entry Age (b) (b-a) (a/b) Payroll (c) ((b-ayc) 1/1/97 $ 656,734 $ 821,522 $ 164,788 79.9% NA NA 1/1/99 758,599 845,446 86,847 89.7% NA NA 1/1/01 831,559 get 1,139,599 307,040 73.1% NA NA 1/1/03 933:0~~~~~ 1,588,888 655,065 58.8% NA NA . #99 1/1/05 996,027 1,617,178 621,151 61.6% NA NA I. See the accompanying Independent Auditors' Report. 33 . E TOWN OF ESTES PARK, COLORADO GENERAL FUND - BUDGETARY COMPARISON SCHEDZ H.E Year Ended December 31,2006 VARIANCE ORIGINAL FINAL Positive BUDGET BUDGET ACTUAL (Negative) 'e, 4.419 REVENUES*W Taxes Sales $ 6,649,894 $ 6,649,894 $ 6,771,295 $ 121,401 Property 295,655 295,655 286,899 (8,756) Franchise 436,562 432,763 401,432 (31,331) Use 195,000 195,000 202,666 7,666 Licenses and Permits 525,575 606,441 644,996 38,555 Intergovernmental 487,847 506,941 523,988 17,047 Charges for Services 45,564 57,947 73,000 15,053 Fines and Forfeitures ~-,hw - ~./. 22,872 25,042 28,062 3,020 Rental Income 169,128 169,128 165,628 (3,500) Investment Income 51,053 245,000 326,919 81,919 Miscellaneous Â¥. 266,627 305,443 318,456 13,013 TOTAL REVENUES 9,145,777 9,489,254 9,743,341 254,087 EXPENDITURES General Government Legislative 154,225 128,232 101,136 27,096 Judicial 39,856 38,360 38,465 (105) Executive -51 341,016 337,038 292,216 44,822 Election _..,if~F 6,986 6,486 1,955 4,531 Administrative ~ 231,861 202,826 189,714 13,112 Community Development 10' 419,203 432,184 420,029 12,155 Buildings 434,254 447,002 414,043 32,959 Community Services 445,170 434,989 1,384,989 (950,000) Group Sales and Marketing 83,208 89,744 83,725 6,019 Other 275,885 237,976 342,900 (104,924) Total General Government 2,431,664 2,354,837 3,269,172 (914,335) Public Safety Police 2,434,720 -.2,433,883 2,425,580 8,303 Fire 427,735 .,~;*%407,471 385,015 22,456 Protective Inspection 276,126*#i 318,637 280,287 38,350 Total Public Safety 3,138,581# 3,159,991 3,090,882 69,109 Public Works Engineering 114,810 121,403 95,929 25,474 Streets 1,095,107 1,031,510 1,015,282 16,228 Sanitation 53,500 53,500 35,769 17,731 Total Public Works 1,263,417 1,206,413 1,146,980 59,433 Culture and Recreation Parks and Recreation 734,521 886,984 ,.dA,764,160 122,824 TOTAL EXPENDITURES 7,568,183 7,608,22$~$1' 8,271,194 (662,969) (Continued) See the accompanying Independent Auditors' Report. 34 . TOWN OF ESTES PARK, COLORADO GENERAL FUND BUDGETARY COMPARISON SCHEDULE -Year Ended December 3 1, 2006 VARIANCE ORIGINAL FINAL Positive BUDGET BUDGET ACTUAL (Negative) EXCESS REREVENUES OVER (UNDER) EXPENDrTURES 1,577,594 1,881,029 1,472,147 917,056 OTHER FINANCING SOURCES (USES) Transfers In e 967,733 967,733 989,788 22,055 Transfers Out (3,898,126) (3,898,126) (3,722,126) 176,000 TOTAL OTHER FINANCING SOURCES (USES) ' (2,930,393) (2,930,393) (2,732,338) 198,055 NET CHANGE IN FUND BALANCE (1,352,799) (1,049,364) (1,260,191) (210,827) FUND BALANCE, Beginning 4,182,365 4,109,230 4,109,230 - FUND BALANCE, Ending $ 2,829,566 $ 3,059,866 $ 2,849,039 $ (210,827) See the accompanying Independent Auditors' Report. 35 . TOWN OF ESTES PARK, COLORADO COMMUNITY REINVESTMENT FUND BUDGETARY COMPARISON SCHEDULE Year Ended December 31, 2006 VARIANCE ORIGINAL FINAL Positive BUDGET BUDGET ACTUAL (Negative) REVENUES Intergovernmental $ 160,000 $ 506,400 $ 506,400 $ - Contributions/Donations - - 13,500 13,500 Investment Income 31,000 24,021 28,408 4,387 TOTAL REVENUES 191,000 530,421 548,308 17,887 EXPENDITURES Current Public Works 55,000 67,180 23,883 43,297 Capital Outlay 1,110,000 2,003,804 2,175,527 (171,723) Debt Service Principal 214,884 214,884 199,300 15,584 Interest and Fiscal Charges - 15,584 (15,584) TOTAL EXPENDITURES 1,379,884 2,285,868 2,414,294 (128,426) EXCESS OF REVENUES OVER - (UNDER) EXPENDITURES (1,188,884) (1,755,447) (1,865,986) (110,539) OTHER FINANCING SOURCES Transfers In 99.*I- 1,350,000 1,350,000 1,350,000 - NET CHANGE IN FUND BALANCE 161,116 (405,447) (515,986) (110,539) FUND BALANCE, Beginning 315,180 2,031,668 2,031,668 - FUND BALANCE, Ending $ 476,296 $ 1,626,221 $ 1,515,682 $ (110,539) See the accompanying Independent Auditors' Report. 36 J 4 TOWN OF ESTES PARK, COLORADO CONVENTION/VISITOR BUREAU FUND BUDGETARY COMPARISON SCHEDULE Â¥ear Ended December 31,2006 VARIANCE ORIGINAL FINAL Positive BUDGET BUDGET ACTUAL (Negative) REVENUES Charges For Services $ 558,676 $ 588,128 $ 582,656 $ (5,472) Contributions . 18,660 18,660 - Investment income 42 900 2,177 1,277 Miscellaneous 72,200 90,665 49,931 (40,734) TOTAL REVENUES 630,918 698,353 653,424 (44,929) EXPENDITURES Current A.Wiflivp. Culture and Recreation 9$;1~6 2,389,067 2,433,418 2,373,905 59,513 TOTAL EXPENDITURES 2,389,067 2,433,418 2,373,905 59,513 EXCESS OF REVENUES OVER (UNDER) EXPENDITURES . (1,758,149) (1,735,065) (1,720,481) 14,584 OTHER FINANCING SOURCES . 1 Transfers In 1,800,000 1,800,000 1,800,000 - NET CHANGE IN FUND BALANCE Â·04~0~~0 41,851 64,935 79,519 14,584 FUND BALANCE, Beginning 42,224 181,202 181,202 FUND BALANCE, Ending $ 84,075 $ 246,137 $ 260,721 $ 14,584 See the accompanying Independent Auditors' Report. 37 TOWN OF ESTES PARK, COLORADO NOTES TO REQUIRED SUPPLEMENTARY INFORMATION - December 31,2006 NOTE 1: STEWARDSHIP. COMPLIANCE AND ACCOUNTABILITY A#~.~ Budgets and Budgetary Accounting Â·aa, 1,44 tqt.~ The Town follows these procedures in establishing the budgetary data reflected in the financial statements:. â€¢ In October, the Town Administration submits to the Board of Trustees a proposed operating budget for the fiscal year commencing the following January 1. The operating budget includes proposed expenditures and the means of financing them. â€¢ Publit,1!~ngs are conducted to obtain taxpayer comments. â€¢ P~ember 31, the budget is legally enacted through passage of a resolution. â€¢ The Town Administration is authorized to transfer budgeted amounts between departments within any fund. However, any revisions that alter the total expenditures of any fund must be approved by the Board of Trustees. â€¢ Budgets are legally adopted for all funds ofthe Town. Fiduciary fund budgets are not required and have not been presented. Also, budgets were not presented for the Vehicle Replacement and Catastrophic Loss Intelltk Service Funds because no expenditures were incurred during the year. Budgets 132!1~~ral, Special Revenue, Debt Service, and Capital Projects Funds are adopted on a ba~*consistent with generally accepted accounting principles (GAAP). Budgetary comparisons presented for the Enterprise and Internal Service Funds are presented on a non-GAAP budgetary basis. Capital outlay is budgeted as an expenditure and depreciation is not budgeted. â€¢ All budget appropriations lapse at year end. Colorado governments may not exceed budgeted appropriations at the fund level. Legal Compliance For the year ended December 31,2006, the'General Fund, Community Reinvestment Fund, Senior Citizens Fund, Urban Renewal Authority (Special Revenue) and Information Technology Fund expenditures and transfers out exceeded the budgeted amounts by $486,969, $128,426, $129, $100,575 and $6,593, respectively. These may be violations of State statute. 38 I . Col~fi~#RE AND INDIVIDUAL FUND STATEMENTS AND SCHEDULES ' TOWN OF ESTES PARK, COLORADO COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS December 31,2006 SPECIAL REVENUE CONSERVATION OPEN SENIOR MUSEUM TRUST SPACE CITIZENS ASSETS Fil Cash and Investments $ 70,294 $ 87,680 $ 610,689 $ 27,470 Restricted Cash and Investments - Accounts Receivable 3,779 - 20,151 - Property Held for Resale - - TOTAL ASSETS $ 74,073 $ 87.680 $ 630,840 $ 27,470 LIABILITIES AND FUND BALANCES . LIABILITIES Accounts Payable $ 3,034 $ $ 25,113 $ 1,992 Accrued Liabilities 4,140 - - 3,077 TOTAL LIABILITIES 7,174 - 25,113 5,069 FUND BALANCES Reserved for Property Held for Resale - - Unreserved, Reported in Special Revenue Funds 66,899 87,680 605,727 22,401 Capital Projects Funds TOTAL FUND BALANCES kneM 66,899 - 87,680 605,727 22,401 TOTAL LIABILITIES AND FUND BALANCES 121'&,7 74,073 $ 87,680 $ 630,840 $ 27,470 See the accompanying Independent Auditors' Report. 39 J 1 DEBT CAPITAL PROJECTS SERVICE TOTAL URBAN-Â£1~~ URBAN NONMAJOR RE]~Ey*82!P PARK RENEWAL BUILDING GOVERNMENTAL AUTHORIny ENTRANCE AUTHORITY AUTHORITY FUNDS $ 812,246 $ 1,982 $ 39,977 $ $ 1,650,338 - 625,643 - 625,643 472 - - - 24,402 875,000 - - 875,000 $ 1,687,718 $ 1,982 $ 665,620 $ $ 3,175,383 $ 6,016 $ 16,425 $ $ 52,580 2,261 - 9,478 8,277 - 16,425 - 62,058 875,000 - - - 875,000 804,441 - - - 1,587,148 - 1,982 649,195 - 651,177 1,679,441 1,982 649,195 ,,4 - 3,113,325 $ 1,687,718 $ 1,982 $ 663~~47' $ 3,175,383 *r . TOWN OF ESTES PARK, COLORADO COMBINING STATEMENT OF REVENUES. EXPENDITURES ANp CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FIJNDS Year Ended December 31,2006 SPECIAL REVENUE CONSERVATION OPEN SENIOR MUSEUM TRUST SPACE CITIZENS REVENUES Intergovernmental $ 1,489 $ 31,448 $ 251,562 S 2,475 Charges for Services 2,529 - - 9,005 Rental Income Investment Income 1,599 3,058 30,695 Miscellaneous 28,046 - - 91,909 TOTAL REVENUES 33,663 34,506 282,257 103,389 EXPENDITURES ..2,iseÂ·â€¢~ady, Current General Government - - Culture and Recreation 268,532 - - 246,073 Capital Outlay . - 223,362 Debt Service Principal - Interest and Fiscal Charges - . TOTAL EXPENDITURES 268,532 - 223,362 246,073 EXCESS OF REVENUES OVER (UNDER) EXPENDITURES (234,869) 34,506 58,895 (142,684) OTHER FINANCING SOURCES (USES) -6Â£=0-r Transfers In 231,044 - - 141,082 Transfers Out TOTAL OTHER FINANCING SOURCES (USES) 231,044 . - 141,082 NET CHANGE IN FUND BALANCES (3,825) 34,506 58,895 (1,602) FUND BALANCES, Beginning 70,724 53,174 546,832 24,003 FUND BALANCES, Ending $ 66,899,6Sv v 87,680 $ 605,727 $ 22,401 See the accompanying Independent Auditors' Report. 40 DEBT CAPITAL PROJECTS SERVICE TOTAL '395Â§444" URBAN NONMAJOR RENE WN?, PARK RENEWAL BUILDING GOVERNMENTAL AUTHORITY ENTRANCE AUTHORITY AUTHORITY FUND $ -$ . $ . $ . $ 286,974 11,534 - - 92,930 92,930 37,146 81 40,221 - 112,800 77 - 14,835 - 134,867 37,223 81 55,056 92,930 639,105 300,575 ~ - 300,575 - - - 514,605 - - 561,808 - 785,170 75,000 75,000 - - - 17,930 17,930 300,575 - 561,808 92,930 1,693,280 (263,352) 81 (506,7521~F - 0,054,175) 200,000 - - 572,126 200,000 - - - 572,126 (63,352) 81 (506,752) - (482,049) 1,742,793 1,901 1,155,947 3,595,374 $ 1,679,441 $ 1,982 $ 649,195 $ -,<Sr '3,113,325 f,V TOWN OF ESTES PARK, COLORADO MUSEUM FUND - BUDGETARY COMPARISON SCHEDULE Year Ended December 31, 2006 VARIANCE ORIGINAL FINAL Positive 4 BUDGET BUDGET ACTUAL (Negative) REVENUEy Intergovernmental $ 11,362 $ 1,452 $ 1,489 $ 37 Charges for Services 1,306 1,930 2,529 599 Investment Income 44 765 1,599 834 Miscellaneous 35,675 30,895 28,046 (2,849) TOTAL REVENUES 48,387 35,042 33,663 (1,379) EXPENDITURES Current 326,046 291,421 268,532 22,889 Culture and Recreation 4*AP EXCESS OF REVENUES OVER (UNDER) EXPENDITURES (277,659) (256,379) (234,869) 21,510 OTHER FINANCING SOURCES Transfers In 231,044 231,044 231,044 - NET CHANGE IN FUND BALANCE (46,615) (25,335) (3,825) 21,510 FUND BALANCE, Beginning - 52,337 70,724 70,724 - te''* FUND BALANCE, Ending j~ 5,722 $ 45,389 $ 66,899 $ 21,510 See the accompanying Independent Auditors' Report. 41 TOWN OF ESTES PARK, COLORADO CONSERVATION TRUST FUND BUDGETARY COMPARISON SCHEDULE 1 Year Ended December 31, 2006 VARIANCE ORIGINAL FrNAL Positive BUDGET BUDGET ACTUAL (Negative) REViARN:,EN- Intergovernmental $ 25,400 $ 30,055 $ 31,448 $ 1,393 Investment Income 1,500 2,900 3,058 158 TOTAL REVENUES 26,900 32,955 34,506 1,551 EXPENDITURES Capital Outlay 10,000 10,000 - 10,000 NET CHANGE IN FUND BALA~ 16,900 22,955 34,506 11,551 FUND BALANCE, Beginnl~ 52,453 53,174 53,174 - FUND BALANCE, Ending $ 69,353 $ 76,129 $ 87,680 $ 11,551 See the accompanying Independent Auditors' Report. 42 TOWN OF ESTES PARK, COLORADO OPEN SPACE FUND . BUDGETARY COMPARISON SCHEDULE Year Ended December 31,2006 VARIANCE ORIGINAL FINAL Positive .-flty- t 0 BUDGET BUDGET ACTUAL (Negative) REVENUES .Â· Intergovernmental $ 230,500 $ 230,500 $ 251,562 $ 21,062 Investment Income 1,369 28,750 30,695 1,945 TOTAL REVENUES 231,869 259,250 282,257 23,007 EXPENDITURES Capital Outlay 225,000 274,495 223,362 51,133 TOTAL EXPENDITURES AU 225,000 274,495 223,362 51,133 NET CHANGE IN FUND B*~ 6,869 (15,245) 58,895 74,140 FUND BALANCE, Beginning 436,526 546,832 546,832 . FUND BALANCE, Ending $ 443,395 $ 531,587 $ 605,727 $ 74,140 See the accompanying Independent Auditors' Report. 43 . TOWN OF ESTES PARK, COLORADO SENIOR CITIZENS FUND BUDGETARY COMPARISON SCHEDULE Year Ended December 31,2006 VARIANCE ORIGINAL FINAL Positive BUDGET BUDGET ACTUAL (Negative) Intergovernmental $ -$ 2,475 $ 2,475 $ - Charges for Services 9,240 9,240 9,005 (235) Miscellaneous 29,190 91,876 91,909 33 TOTAL REVENUES 38,430 Â· 103,591 103,389 (202) EXPENDITURES Current Culture and Recreation 181,892 245,944 246,073 (129) EXCESS OF REVENUESO~4~4 (UNDER) EXPENDITURES#~ (143,462) (142,353) (142,684) (331) OTHER FINANCING SOURCES Transfers In 141,082 141,082 141,082 - NET CHANGE IN FUND BALANCE (2,380) (1,271) (1,602) (331) FUND BALANCE, Beginning 19,900 24,003 24,003 FUND BALANCE, Ending ..4~ 17,520 $ 22,732 22,401 $ (331) See the accompanying Independent Auditors' Report., 44 TOWN OF ESTES PARK, COLORADO URBAN RENEWAL AUTHORITY (SPECIAL REVENUE) BUDGETARY COMPARISON SCHEDULE Year Ended December 31,2006 ORIGINAL AND VARIANCE &47,!09 FINAL Positive BUDGET ACTUAL (Negative) REVENUES Investment Income $ . $ 37,146 $ 37,146 Miscellaneous - 77 77 TOTAL REVENUES - 37,223 37,223 EXPENDITURES Current General Government 200,000 300,575 (100,575) TOTAL EXPENDITURES'~ - 300,575 (100,575) EXCESS OF REVENUES OOER (UNDER) EXPENDITURES . (263,352) (63,352) OTHER FINANCING SOURCES Transfers In 200,000 200,000 - NET CHANGE IN FUND BALANCE 200,000 (63,352) (263,352) FUND BALANCE, Beginning . 1,742,793 1,742,793 FUND BALANCE, Ending $ 200,000 $ 1,679,441 $ 1,479,441 See the accompanying Independent Auditors' Report. 45 TOWN OF ESTES PARK, COLORADO PARK ENTRANCE ESTATES BUDGETARY COMPARISON SCHEDULE Year Ended December 31,2006 ORIGINAL VARIANCE FINAL Positive BUDGET ACTUAL (Negative) REVENUES Investment Income $ 450 $ 81 $ (369) TOTAL REVENUES 450 81 (369) NET CHANGE IN FUND BALANCE 450 81 (369) 4 4 FUND BALANCE, Beginning ~0~0(~ 1,901 1,901 FUND BALANCE, Ending.,~ $ 2,351 $ 1,982 $ (369) 9- See the accompanying Independent Auditors' Report. 46 TOWN OF ESTES PARK, COLORADO URBAN RENEWAL AUTHORITY (CAPITAL PROJECTS) BUDGETARY COMPARISON SCHEDULE Year Ended December 31, 2006 ORIGINAL AND VARIANCE - FINAL Positive BUDGET ACTUAL (Negative) REVENUES Investment Income $ 45,000 $ 40,221 $ (4,779) Miscellaneous - 14,835 14,835 TOTAL REVENUES 45,000 55,056 10,056 EXPENDITURES Capital Outlay 2,300,000 561,808 1,738,192 TOTAL EXPENDITUREÂ§~1~N#P#' 2,300,000 561,808 1,738,192 NET CHANGE IN FUND BACANCE (2,255,000) (506,752) 1,748,248 FUND BALANCE, Beginning 2,255,000 1,155,947 0,099,053) FUND BALANCE, Ending $ . $ 649,195 $ 649,195 See the accompanying Independent Auditors' Report. 47 TOWN OF ESTES PARK, COLORADO BUILDING AUTHORITY BUDGETARY COMPARISON SCHEDULE Year Ended December 31, 2006 ORIGINAL VAR1ANCE AND FINAL Positive BUDGET ACTUAL (Negative) REVENOESr Rental Income $ 92,930 $ 92,930 $ - TOTAL REVENUES 92,930 92,930 - EXPENDITURES Debt Service Principal 75,000 75,000 Interest and Fiscal Charges 17,930 17,930 - TOTAL EXPENDITURE~~ 92,930 92,930 - NET CHANGE IN FUND MRLANCE - . . FUND BALANCE, Beginning . FUND BALANCE, Ending $ . $ -$ - See the accompanying Independent Auditors' Report. 48 TOWN OF ESTES PARK, COLORADO URBAN RENEWAL AUTHORITY (DEBT SERVICE) - DI Jr)GE,TARY COMPARISON SCHEDULE Year Ended December 31, 2006 ORIGINAL AND VARIANCE Positive BUDGET ACTUAL (Negative) REVENUES Incremental Property Taxes $ 671,457 $ 741,997 $ 70,540 Rental Income 214,884 214,884 - Investment Income 19,071 54,844 35,773 TOTAL REVENUES 905,412 1,011,725 106,313 EXPENDITURES Debt Service Principal A*A 835,000 835,000 Interest and Fiscal Charges~~ 70,412 67,413 2,999 V TOTAL EXPENDITURES 905,412 902,413 2,999 NET CHANGE IN FUND BALANCE - 109,312 109,312 FUND BALANCE, Beginning - 1,305,510 1,305,510 FUND BALANCE, Ending $ - $ 1,414,822 $ 1,414,822 See the accompanying Independent Auditors' Report. 49 TOWN OF ESTES PARK, COLORADO LIGHLAN11 POWERILIND BUDGETARY COMPARISON SCHEDULE Year Ended December 31,2606 VARIANCE ORIGINAL FINAL Positive *21.-w BUDGET BUDGET ACTUAL (Negative) REVENDAPF Utility SA $ 9,741,005 $ 9,754,588 $ 10,097,231 $ 342,643 Miscellaneous Income 371,306 338,306 550,694 212,388 Investment Income 26,557 85,281 131,452 46,171 TOTAL REVENUES $ 10,138,868 $ 110,178,175 $ 10,779,377 $ 601,202 EXPENDITURES Current Source o f Supply $ 4,702,000 $ 4,702,030 $ 4,619,186 $ 82,844 Distribution 1,571,262 1,596,684 1,479,643 117,041 Customer Accounts 674,571 634,058 579,955 54,103 Administration and Geheral â‚¬P- 1,328,292 1,326,665 1,158,519 168,146 Capital Outlay 683,235 993,881 623,485 + 570,396 Debt Service Principal 195,000 195,000 195,000 - Interest 110,300 110,300 107,290 3,010 Transfers Out 885,133 885,133 897,632 (12,499) TOTAL EXPENDITURES 10,149,793 10,443,751 9,660,710 783,041 CHANGE IN NET ASSETS, Budgetary Basis -~Â¥fÂ¢~(10,925) $ (265,576) 1,118,667 $ 1,3 84,243 ADJUSTMENTS TO GAAP BASIS 2 Debt Principal Payments 195,000 Capital Outlay 623,485 Depreciation (545,601) CHANGE IN NET ASSETS, GAAP Basis 1,391,551 NET ASSETS, Beginning, as Restated 11,836,002 NET ASSETS, Ending $ 13,227,553 See the accompanying Independent Auditors' Report. 50 TOWN OF ESTES PARK, COLORADO WATER FUND BUDGETARY COMPARISON SCHEDULE Year Ended December 31, 2006 VARIANCE ORIGINAL FINAL Positive les)91 laR, BUDGET BUDGET ACTUAL (Negative) REVENBE#F' Utility Sales 9,674 $ 2,137,800 $ 2,216,580 $ 2,476,467 $ 259,887 Miscellaneous Income 60,589 75,590 85,264 Investment Income 36,000 60,753 80,061 19,308 Tap Fees 500,000 734,273 609,468 (124,805) TOTAL REVENUES $ 2,734,389 $ 3,087,196 $ 3,251,260 $ 164,064 EXPENDITURES Current Source of Supply $ 137,900 $ 137,000 $ 138,055 $ (1,055) Purification ~A~P 543,647 570,506 506,947 63,559 Distribution 695,409 673,412 661,211 12,201 Customer Accounts 286,788 281,413 278,651 2,762 Administration and General 630,155 612,114 519,843 92,271 Capital Outlay 330,500 411,868 136,727 275,141 Debt Service Principal 220,000 220,000 220,000 - Interest 83,576 83,576 80,785 2,791 Transfers Out 82,600 82,600 92,156 (9,556) TOTAL EXPENDITURES -,Nâ‚¬%9,010,575 3,072,489 2,634,375 438,114 CHANGE IN NET ASSETS, Budgetary Basis (276,186) $ 14,707 616,885 $ 602,178 ADJUSTMENTS TO GAAP BASIS Debt Principal Payments 220,000 Capital Outlay 136,727 Depreciation (475,325) CHANGE IN NET ASSETS, GAAP Basis 498,287 NET ASSETS, Beginning, as Restated 18,644,052 NET ASSETS, Ending $ 19,142,339 See the accompanying Independent Auditors' Report. 51 J , TOWN OF ESTES PARK, COLORADO COMBINING STATEMENT OF NET ASSETS INIERNAL.SERM Dec,mber 31,2006 FLEET VEHICLE CATASTROPHIC MAINTENANCE REPLACEMENT LOSS ASSETS~ Currentlk#*97 Cash anAAvestments $ 225,640 $ 866,051 $ 1,459,696 Accounts Receivable Interest Receivable - - 2,287 Notes Receivable - - 750,000 Inventories 20,546 Prepaid Expenses TOTAL CURRRENT ASSETS 246,186 866,051 2,211,983 Noncurrent Assets Capital Absets, Net of Accungitâ‚¬3~4;kiation 27,157 - TOTAL ASSETS 273,343 866,051 2,211,983 LIABILITIES Current Liabilities Accounts Payable 10,623 - Accrued Liabilities 5,220 - Insurance Claims Payable Compensated Absences + 7,023 - - TOTAL CURRENT LIABILITIES 22,866 - NET ASSETS 16'r Invested in Capital Assets 27,157 Restricted for Emergencies . - - 544,000 Unrestricted 223,320 866,051 1,667,983 TOTAL NET ASSETS $ 250,477 $ 866,051 $ 2,211,983 See the accompanying Independent Auditors' Report. 52 HEALTH A INFORMATION INSURANC~~ TECHNOLOGY TOTAL ~At 419 AY,Â¥ Â¥.9 $ 461,905 $ 21,085 $ 3,034,377 4,300 - 4,300 - 2,287 750,000 - 20,546 47,780 47,780 466,205 68,865 3,859,290 55,699 466,205 97,407 3,914,989 135 43,208 53,966 - 4,778 9,998 115,683 - 115,683 - 17,689 24,712 115,818 65,675 2043%~P - 28,542 55,699 - 544,000 350,387 3,190 3,110,931 $ 350,387 $ 31,732 $ 3,710,630 1 TOWN OF ESTES PARK, COLORADO COMBINING STATEMENT OF REVENUES. EXPENSES - AND CHANGES IN FUND NET ASSETS INTERNAL SERVICE FUNDS Year Ended December 31, 2006 FLEET VEHICLE CATASTROPHIC MAINTENANCE REPLACEMENT LOSS 'OPERATif*#'iOEVENUES Charges for Services $ 213,075 $ 249,509 S Miscellaneous 822 - - TOTAL OPERATING REVENUES 213,897 249,509 - OPERATING EXPENSES Salaries and Benefits 137,270 - Supplies 6,056 - Utilities 6,141 - Training 2,479 - Insurance 6,326 - Maintenance and Repairs 24,067 - Professional Fees 10,141 - Depreciation 4,683 - - Health Benefits - TOTAL OPERATING EXPENSES 197,163 OPERATING INCOME 16,734 249,509 - NONOPERATING REVENUES Investment Income 5,052 11,918 87,024 TOTAL NONOPERATING REVENUES 5,052 11,918 87,024 CHANGE IN NET ASSETS 21,786 261,427 87,024 NET ASSETS, Beginning 228,691 604,624 2,124,959 NET ASSETS, Ending 250,477 $ 866,051 $ 2,211,983 See the accompanying Independent Auditors' Report. 53 0 1 HEA~:2!~ INFORMATION INSURANCE-9- TECHNOLOGY TOTALS **r. $ 363,477 $ 303,220 $ 1,129,281 3,099 - 3,921 366,576 303,220 1,133,202 - 162,796 300,066 11,435 ,,k 17,491 10,862* 17,004 2,535 47 4301 6,627 4%Â§66 106,933 - 10,141 - 3,171 7,854 363,246 - 363,246 363,246 271,488 831,897 3,330 31,732 301,305 20,3 86 - liNE;89' 20,386 - 12080 23,716 31,732 425,685 326,671 - 3,284,945 $ 350,387 $ 31,732 $ 3,710,630 TOWN OF ESTES PARK, COLORADO COMBINING STATEMENT OF CASH FLOWS . WIERM*.SERMICE.EUNI22 Increase (Decrease) in Cash and Cash Equivalents Year Ended December 31,2006 FLEET VEHICLE CATASTROPHIC MAINTENANCE REPLACEMENT LOSS, CASH FL0WS FROM OPERATING ACTIVITIES Cash RecEived from Customers $ 213,075 $ 249,509 $ - Cash Received from Other Sources 822 - - Cash Paid to Suppliers (51,322) - Cash Paid to Employees (136,074) - - Net Cash Provided by Operating Activities 26,501 249,509 - CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Purchase of Capital Assets - . Loan to Outside Entity (750,000) Net Cash Used by Capital and*@ided Financing Actiivities - - (750,000) CASH FLOWS FROM INVESTING ACTIVITIES Interest Received Â· 5,052 11,918 84,737 NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 31,553 261,427 (665,263) CASH AND CASH EQUIVALENTS, Beginning 194,087 604,624 2,124,959 CASH AND CASH EQUIVALENTS, Ending $ 225,640 $ 866,051 $ 1,459,696 RECONCILIATION OF OPERATING INCOME TO Â¥ NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES Operating Income $ 16,734 249,509 $ - Adjustments to Reconcile Operating Income to Net Cash Provided (Used) by Operating Activities Depreciation 4,683 - - Changes in Assets and Liabilities Accounts Receivable - Inventories Ah (1.847) Prepaid Expenses . * 5,475 Accounts Payable 260 Accrued Liabilities 6391 Insurance Claims Payable - . . Compensated Absences 557 - - Total Adjustments 9,767 - - Net Cash Provided (Used) by Operating Activities $ 26,501 $ 249,509 $ See the accompanying Independent Auditors' Report. 54 HEALTH?~ INFORMATION INSUR*Rf4*' TECHNOLOGY TOTALS $ 323,719 $ 303,220 $ 1,129,523 3,099 - 3,921 (348,426) (110,093) (509,841) (140,329) (276,403) 18,392 52,798 347,200 - (31,71@jA (31,713) '.Â¢EF'. (750,000) *An;'~-64 - 4 01;713) (781,713) 20,386 - 122,093 38,778 21,085 (312,420) 423,127 - 3,346,797 461,905 $ 21,085 $ 3,034,377 .,,Â¢Â¢~ 1,1 3,330 $ 31,732 $ 301,305 3,171 7,854 242 - 242 - (1,847) . (47,780) (42,305) 135 43,208 43,603 4,778 5,417 14,685 - 14,685 - 17,689 18,246 15,062 21,066 45,895 $ 18,392 $ 52,798 $ 347,200 . 1 TOWN OF ESTES PARK, COLORADO FLEET MArNTENANCE FUND BUDGETARY COMPARISON SCHEDULE Year Ended December 31,2006 A ORIGINAL FINAL ' Positive VARIANCE 2218 BUDGET BUDGET ACTUAL (Negative) REVENUÂ®Â§31~ Charges for Services $ 285,000 262,958 $ 213,075 $ (49,883) Miscellaneous - 822 822 - Investment Income 220 4,100 5,052 952 TOTAL REVENUES $ 285,220 $ 267,880 $ 218,949 $ (48,931) EXPENDITURES Salaries and Benefits $ 177,108 $ 138,466 $ 137,270 $ 1,196 Sopplies 8,180 10,448 6,056 , 4,392 Utilities 7,434 8,384 6,141 2,243 Training, 5,783 5,120 2,479 2,641 Insurance 10,281 6,647 6,326 321 Maintenance and Repairs 16,300 26,936 24,067 2,869 Professional Fees 7,803 10,306 10,141 165 Capital Outlay . 1,037 - 1,037 Contingencies 75,750 - - TOTAL EXPENDITURES 308,639 207,344 192,480 14,864 CHANGE IN NET ASSETS, Budgetary Basis $ 40& (23,419) $ 60,536 26,469 $ (34,067) ADJUSTMENTS TO GAAP BASIS Depreciation (4,683) CHANGE IN NET ASSETS, GAAP Basis ' 21,786 NET ASSETS, Beginning 228,691 NET ASSETS, Ending $ 250,477 See the accompanying Independent Auditors' Report. 55 TOWN OF ESTES PARK, COLORADO HEALTILINSURANCE-ELINQ BUDGETARY COMPARISON SCHEDULE Year Ended December 31,2006 VARIANCE ORIGINAL FINAL Positive BUDGET BUDGET ACTUAL (Negative) Charges for Services $ 372,893 $ 362,750 $ 363,477 $ 727 Miscellaneous 2,526 2,526 3,099 573 Investment Income 1,650 17,750 20,386 2,636 TOTAL REVENUES 377,069 383,026 386,962 3,936 EXPENDITURES Health Benefits 363,310 372,870 363,246 9,624 TOTAL EXPENDITURES~*~*0,0 363,310 372,870 363,246 9,624 Ne, 6/1 CHANGE IN NET ASSETS?' $ 13,759 $ 10,156 23,716 $ 13,560 NET ASSETS, Beginning 326,671 NET ASSETS, Ending $ 350,387 See the accompanying Independent Auditors' Report. 56 1 0 TOWN OF ESTES PARK, COLORADO INFORMATION TECHNOLOGY FUND * BUDGETARY COMPARISON SCHEDULE Year Ended December 31,2006 VARIANCE ORIGINAL FINAL Positive BUDGET BUDGET ACTUAL (Negative) REVENUES Charges for Services $ 319,400 303,221 $ 303,220 $ (1) EXPENDITURES ' Salaries and Benefits $ 153,763 $ 142,173 $ 162,796 $ (20,623) Supplies 1,000 32,454 11,435 21,019 Utilities - 8,290 10,863 (2,573) Training .- 2,160 2,160 56 2,104 Aar.en Insurance 76,319 82,866 (6,547) 141 328 301 27 Maintenance and Repairs Â¥~4*1 137,157 Capital Outlay 31,713 31,713 - TOTAL EXPENDITURES 294,221 293,437 300,030 (6,593) CHANGE TO NET ASSETS $ 25,179 $ 9,784 3,190 $ (6,594) ADJUSTMENTS TO NON-GAAP BASIS Capital Outlay ' 31,713 Depreciation (3,171) NET INCOME, GAAP Basis 31,732 NET ASSETS, Beginning NET ASSETS, Ending $ 31,732 See the accompanying Independent Auditors' Report. 57 , TOWN OF ESTES PARK, COLORADO COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES agEMQLfin:ma Year End6d December 31,2006 BALANCE BALANCE Park Entrit~~~~es 1281/05 ADDITIONS DEDUCTIONS 12/31/06 ASSE 71%4~47 Cash and Investments $ 16,517 $ 6,051 $ 4,211 $ 18,357 LIABILITIES Special Assessments Payable $. 16,517 $ 6,051 $ 4,211 $ 18,357 Theatre Fund ASSETS Cash and Investments $ 428,070 $ 24,918 $ 13,474 $ 439,514 LIABILITIES Due to Theatre Fund $ 428,070 $ 24,918 $ 13,474 $ 439,514 V Total ASSETS Cash and Investments $ 444,587 $ 30,969 $ 17,685 $ 457,871 LIABILITIES Special Assessments Payable $ 16,517 $ 6,051 $ 4,211 $ 18,357 Due to Theatre Fund 428,070 24,918 13,474 439,514 TOTAL LIABILITIES $ ..,#~444,587 $ 30,969 $ 17,685 $ 457,871 9, See the accompanying Independent Auditors' Report. 58 .r . 4 24:.-1 1 ..P 1% STATE COMPLIANCE ti Financial Planning 02/01 The public report burden fur this information cotlection is estimated to average 380 hours annually. Form # 350-050-36 City or County: I.arim er County LOCAL HIGHWAY FINANCE REPORT YEAR ENDING: December 2006 'rhis Information From The Records Of (example - City of_ or County of _ Prepared By: Sammi Coleson Town of Estes Park, Colorado Phone: (970) 577-3569 I. DISPOS~oN oF HIGHWAY-USER REVENUES AVAILABLE FOR LOCAL GOVERNMENT EXPENDITURE 438* A~HAVV A. Local B. Local C Receipts from D. Receipts from ~ ITEM Motor-Fuel Motor-Vehicle State Hi~way- Federal Highway Taxes Taxes User Taxes Adminlstration 1. Total receipts available 2. Minus amount used for collection expenses 3. Minus amount used for noohighway purposes 4. Minus amount used for mass transit 5. Remainder used for highway purposes n. RECEIPTS FOR ROAD AND STREET PURPOSES IIL DISBURSEMENTS FOR ROAD . AND STREET PURPOSES ITEM Â»fmt.tÂ¥@ 1 AMOUNT 1TEM AMOUNT A. Receipts from local sounies:WS.&09 I.ocal ~i~way dhbuneme:,13: 1. Local highway-user taxes *&.29 1. Capital outiay (frompage 2) 208,756 a Motor Fuel (from Item LA 5.) 2. Maintenance: 385875 b. Motor Vehicle (from Item I.B.5.) 3. Road andstmet services: c. Total (a.+b.) a. Traffic control operations 35,334 2. General fund appropriations 1.7207 b. Snow and ice removal 117,633 3. Other local imposts *om page 2) 150,279 c. Other 60,567 4. Miscellaneous local receipts Â®Mn page 2) 8,110 i Total (a. through c.) 213,534 5. Transfers from toll fhcitilies 4. Gene:al administration & miscellaneous. 204,917 6. Proceeds of sale of bonds and notes: 5. Highway law enforcement and safety 780,419 a. Bonds - Original Issues 6. Total ( 1 through 5) 1 793 b. Bonds - Refunding Issues R Debtlervice on loc*l obliptions: c. Notes 1. Bonds: d. Total(a.+b.+c.) * 4*' 0 a. Interest 580 7. Total (1 throuph 6) 6* 1,530,467 b Redemption 3,583 11 Private Contributions ' c. Total (a. + b.) 4 163 C Receipts from State government 2. Notes: .=.- (from page 2) 267 196 a. Interest D. Receipts from Federal Government b. Redemption (from page 2) 0 c. Total @ + b.) 0 L Total rectipt.(A.7 +B+C+D) 1,797,663 3. Total (1.0 + 2.c) 4,163 C Payments to State for highways D. Payments to tell facilities Â£ Totaldisbunementâ€¢ (A.6 + B.3 +C+DJ 1,797,663 . IV. LOCAL HIGHWAYÂ®E]WSTATUS (Show all entties at par) Opening Debt Amount Issued Redemptions Closing Debt A. Bonds (Total) 3,583 3,583 0 1. Bonds (Refunding Portion) 11 Notes Crotal) 1 1. 1 0 V. LOCAL ROAD AND STREET FUND BALANCE A. Begiiwing Balance B. Total Receipts IC. Total Disbursementd D. Ending Balance E. Reconciliation 1,797,663 1,797,663 .Mak (0) Notes and Comments: .tr. FORM FHWA-536 (Rev. 1-05) PREVIOUS EDrnONS OBSOLETE (Next Page) 1 Hwy report-Estes Pek 1 , STATE: Colorado LOCAL HIGHWAY FINANCE REPORT YEAR ENDING (mm/yy): December 2006 II. RECEIPTS FOR ROAD AND 5rREET PURPOSES - DETAIL ITEM AMOUNT rrEM AMOUNT A.3. Other local imposts: A.4. Miscellaneous local receipts: 1 a. Property*Taxes and Assessments 4,567 a. Interest on investments 1,566 b. Otheflocatimposts: b. Traffic Fines & Penalities 1. Sales Taxes c. Palting Garage Fees 2. Infrastructure & Impact Fees d. Parking Meter Fees I 3. Liens e. Sale of Surplus Property I 4. Licenses f. Charges for Services 5,060 1 5. Specific Ownership &for Other 145,712 g. Other Misc. Receipts I 6. Total ( 1. through 5.) 145,712 h. Other ~ 1,484 I c. Total (a. + b.) 150279 i. Total (a. through h.) 8,110 (Carry forward to page 1) (Carry forward to page 1) | ITEM -8-0. 1 AMOUNT I ITEM ; AMOUNT C Receipts from State Govelmidtf D. Receipts from Federal Government ... 1. Highway-user taxes 49*54* -' 241.381 1. FHWA (kn Item ID.5.) 2. State general funds 40' 2. Other Federal agencies: * 3. Other State funds: a. Fo,est Service a. State bond proceeds b. FEMA b. Project Match c. HUD c. Motor Vehicle Registrations 25,815 d. Federal Transit Admin d. Other (Specify) e. US. Corps ofEngineers e. Other (Specify) Â£ Other Federal Â£ Total (a. through e.) 25,815 g. Total (a. through 0 0 4. Total (1. + 2. + 3.0 267,196 3. Total (1. + 2.g) .9. : 1 - 4 .9 4 0 4. 1 . 1 (Calry forward to page 1) III. DISBURSEMENTS FOR*OADAND STREET PURPOSES - DETAIL Â¥ ON NATIONAL OFF NATIONAL HIGHWAY HIGHWAY TOTAL SYSTEM SYSTEM (a) (b) 0) A.1. Capital outlay: 1. a. Right-Of-Way Costs 0 b. Engineering Costs o 11 . c. Construction. (1). New Facilities 0 (2). Capacity Improvements 0 (3). System Preservation 208,756 208,756 (4). System Enhancement & Ope[ation 0 (5). Total Construction (1) + (2) + 0) + (4) 0 208,756 208,756 d. Total Capital Outlay (Lines 11 + 1.b. + 1.c.5) 0 208 756 208,756 |~Carry fbrwardto p,e l) Notes and Comments: FORM FHWA-536 (Rev.1-05) PREVIOUS EDITIONS OBSOLETE 2 1 1 Estes Park Police Department Memo To: The Honorable Mayor Baudek and Board of Trustees From: Lowell Richardson, Chief of Police CC: Randy Repola, Town Administrator Date: June 21, 2007 Re: No Parking (All Loading Zones) Elkhorn Ave. Background Staff recommended at the April 26, 2007 Public Safety Committee meeting a series of revisions to the "Model Traffic Code" appendices. The no-parking revisions recommended for all loading zones attempted to uniformly address loading zone parking. The ability to allow shuttle passenger drop-off/pick-up, loading and on-street parking was the intent. Once implemented the police department received several (ten) complaints from downtown business owners on West and East Elkhorn Ave. Subsequent to these complaints staff discussed with (some) local business owners possible options. Staff conducted a review of the problem discovering the motoring public seemed to follow the signed instructions. However, delivery trucks still required use of the parking locations during the same time on-street parking is allowed. Based on these observations and conversations with local business owners staff is providing possible options to consider in an effort to address this problem. Budget/Costs N/A Recommendations After re-examination staff is providing the following options: 1. Convert all current loading zone areas to "no parking" from 6AM to 6PM daily from Riverside Drive west to Spruce Drive. 2. Implement the revisions approved at the April 26,2007 Public Safety Committee meeting (see revised "Model Traffic Code" attachment. 3. Convert all loading zone parking back to its original state (see "Model Traffic Code" attachment). Should board recommendation require changing the 2007 revised Model Traffic Code staff suggests directing this issue back to Public Safety Committee for review and implementation of an emergency ordinance. 1 1 1 MODEL TRAFFIC CODE TOWN OF ESTES PARK - APPENDIX Amended January 23% 2003 As Posted and Verified by the Police Department 06/24/03 *Amended September 28,2004 *Amended April 23rd, 2007 as Verified by Police Department MUNICIPAL PARKING LOT NAMES For enforcement purposes location and identification of each Town of Estes Park Municipal parking lot name is listed below: 1. Performance Park Parking Lot located on the north side of West Elkhorn Avenue in the 300 block 2. Spruce Parking Lot located on the east side of Spruce Drive and intersect of Cleave Street. 3. Tregent Parking Lot located on the east of Spruce Drive and intersect with West Elkhorn Avenue. 4. Big Horn Parking Lot located on the west side of Bighorn Drive and intersect with Cleave Street. 5. Moraine Parking Lot located on the west side of Moraine Avenue adjacent to Wiest Lane between Davis Street and Weist Lane. 6. Davis Parking Lot located on the west side of Moraine Avenue and intersect with Davis Street. 7. Virginia Parking Lot located at the intersects of west side of Virginia Drive and north side of East Elkhorn Avenue. 8. East Riverside Parking lot located at the intersects of the south side of East Elkhorn Avenue and east side of East Riverside Drive. 9. Riverside Parking Lot located at the intersects of the east side of East Riverside Drive and north side of Rockwell Avenue. ' 10. Post Office Parking Lot located at the intersects of the west side of East Riverside Drive between West Riverside Drive and East Riverside Drive. 11. West Riverside Parking Lot located on the east side of West Riverside Drive in the 100 block adjacent to the west bank of the Big Thompson River. 12. Town Hall Parking Lot located at the intersects of the east side of MacGregor Avenue and north side of East Elkhorn Avenue. 13. Visitor Center Parking lot located on the south side of Highway 34 adjacent to the north bank of the Big Thompson River one black east of Highway 34 and Highway 36 intersects. 14. South Visitors Center Parking Lot located on the northeast side of Highway 36 and two blocks southeast of Highway 34 and Highway 36 intersects. PARKING PERMITTED Timed parking will be in-force from the weekend prior to Memorial Day and be in effect until Labor Day. Signs will state parking limits enforced May-September. Hours of Timed Parking - 9:00 a.m. to 5:00 p.m. Seven days a week. May through September. 1 1 11 ON-STREET PARKING, 3-HR. LIMIT: Â· East Elkhorn (South side of Bond Park) Â· Park Lane, North side from 201 to MacGregor Ave Â· Park Lane, South side of street (North side of Bond Park) Â· Riverside Drive at Riverside Plaza, (West side of Riverside) Â· Moraine Ave 222 through 250 Â· Moraine Ave 231 through 251 Â· Moraine Ave from Wiest Drive south to the Moraine Restrooms Â· West Elkhorn Ave 112 through 134 (South side of stkeet) Â· West Elkhorn Ave 119 through 125 (North side of street) Â· West Elkhorn Ave 215 through 235 (North side of street), Â· West Elkhorn Ave 208 through 230 (South side of street) PARKING LOTS, 3-HOUR LIMIT: Â· Virginia Drive Lot Â· West Riverside Drive Lot Â· Riverside Drive Lot (North of Rockwell Street, entire lot) Â· Post Office Lot (North end of lot) Â· Brownfield's Parking Lot (South of Elkhorn crosswalk light) PARKING LOTS, 30-MINUTE LIMIT: Â· Post Office Lot, South side 1/2 of lot (in front of Post Office) Â· 235 West Riverside Drive (East side of street, three spacesy ON-STREET, 30-MINUTE PARKING: Â·MacGregor Ave., East side of street, in front of Municipal Building (170 MacGregor Ave) NO-PARKING All loading zones - permitted loading/unloading only from 7:00 am to 12:00 pm, 7 - days a week. 3 - hour timed parking from 12:00 pm to 6:00 pm. Open parking from 6:00 pm to 7:00 am No overnight parking or camping in any Town owned parking lot or street unless posted or by permit only. No overnight parking of recreational vehicles in any Town owned parking lot. No parking during snow removal operations: Aspen, Birch, Columbine, Driftwood, and Elm Avenues, both sides of street 2 I , No parking at painted red curb locations. No parking at red or yellow striped/ markings locations. NO PARKING - LOADING ZONES Â· East Elkhorn 390 to 358 (South side of street - Loading Zone) Â· East Elkhorn Ave from 153 to 145 (North side of street - Loading Zone) Â· East Elkhorn Ave from 141 to 129 (North side of street - Loading Zone) Â· East Elkhorn Ave from 116 to 128 (South side of street - Loading Zone) Â· East Elkhorn Ave from 156 to 184 (South side of street - Loading Zone) Â· East Elkhorn Ave from 332 to 344 (South side of street - Loading Zone) Â· West Elkhom Ave at Tregent Park (North side of street - Loading Zone) Â· West Elkhorn Ave from 111 to 119 (North side of street - Loading Zone) Â· West Elkhorn Ave from 191 to 213 (North side of street - Loading Zone) Â· 170 West Elkhorn (South side of street, 2 spaces) Â· West Elkhorn Ave from 144 to 134 (South side of street - Loading Zone) Â· 125 Moraine Ave (East side of street - Loading Zone) Â· Riverside Drive at Riverside Plaza driveway, (West side of Riverside - Loading Zone) Â· 111 Wiest Drive (Two spaces - Loading Zone) Â· Cleave Street - behind Old Church Shops (Loading Zone both sides of street) Â· Cleave Street - South side at intersection with Bighorn Drive - (Loading Zone / No Parking) Â· East Elkhorn Ave in front of 356 East Elkhorn - (South side of street - Loading zone). PARKING LIMITATIONS Visitors Center Overnight Parking By permit only in designated parking spaces as indicated by sign on the East side of the main parking lot. All other parking spaces day use only. No overnight parking of Recreational Vehicles. Fawn Lane No Parking Both sides of roadway MacGregor Ave/ No Parking Northeast corner, adjacent to Canyon Bypass Intersection Creeks Condominiums Big Horn Dr No Parking East side from Elkhorn Ave to driveway of 110 Bighorn Drive Cleave St. No Parking South side of Lawn Lane to 100' E. of Lawn Lane. North side, in front of 223 Cleave St. South side at Big Horn Dr. 3 1 4, No Parking/ South side, behind Old Church Shops Loading Zone Davis St. No Parking North side of Davis at Moraine Ave. E. Riverside Dr. No Overnight West side (vacant strip),300 Block Parking Lawn Ln. No Parking West side, between Spruce Dr. & Cleave St. MacGregor Ave. Angle Parking Driveway of Municipal Building to Wonderview MacGregor Ave Diagonal Parking Park Lane, North to Wonderview - West side of street Virginia Drive No Parking 210 - 216 Virginia Drive, East side of street Moraine Ave. No Parking East side between 212 Moraine Ave to intersection of Elkhorn Ave. South side across from Elm Rd. Park Lane Angle Parking Only Both sides of road Park Lane No Parking From Elkhorn Ave to Crosswalk Spruce Dr. No Parking East side, between Cleave St. & Lawn Ln. Tregent Park No Overnight Parking lot Parking W. Elkhorn Ave. No Parking South side at Tregent Park (Restrooms) - Loading Zone Wiest Dr. No Parking / From Moraine Ave to Wiest Street. Loading Only One way - East Only Highway 7 Parallel Parking East side, 100 Blk. of Hwy. 7 ' 1 SPEED LIMITS: Aspen Ave. Both Directions 25 MPH Birch Ave. Both Directions 25 MPH 4 Big Horn Dr. South bound, 100' South of 20 MPH, SB Wonderview Ave. to W. Elkhorn Ave. SPEED LIMITS (cont'd.): Big Thompson Ave. Hwy. 34, East of Hwy. 34/36 - 35 MPH, EB Inter. to .7 miles East of Hwy. 34/36 Hwy. 34, 1.4 miles East of 40 MPH, EB Hwy. 34/36 Inter. to City Limits 1.4 miles from City Limits to 35 MPH, WB Hwy. 34/36 Brodie Ave. From Fish Creek, WB/EB to 20 MPH, SZ Community Dr. School Zones 7:30am to 8:00am. and 3:00 p.m. to 3:45 p.m. 20 MPH, otherwise 25 MPH Carriage Dr. From Hwy. 7, EB to Lakeshore Dr. 25 MPH Cleave St. Both Directions 20 MPH Columbine Ave. Both Directions 25 MPH Community Dr. Hwy. 36/Community Dr to 30 MPH, SB/NB Manford Ave. Hwy. 7/Community Dr., N. to 20 MPH, SZ Manford Ave. Intersection Driftwood Ave. Both sides 25 MPH E. Elkhorn Ave. Hwy. 34/36 Inter. to Park Ln. 25 MPH Hwy. 34/36 Inter. to Park Ln. 25 MPH, WB at E. Elkhorn Ave. E. Riverside Dr. W. from E. Elkhorn Ave. to 20 MPH, WB/EB Moccasin Bypass 5 1 &' SPEED LIMITS (cont'd.): Elm Ave. Both Directions 25 MPH Far View Dr. "S" curve, 0.1 mi. N. of Far View/ 20 MPH, NB W. Elkhorn Ave. Intersection Fish Hatchery Rd. At Fall River Rd. 30 MPH, WB Grand Estates Dr. Both directions 30 MPH Graves Ave. From Hwy. 7 WB/EB to Community 20 MPH, SZ, EB/WB Heinz Parkway High Dr. North to City Limits 20 MPH, NB High Drive Heinz Parkway West to City Limits 30 MPH, WB Highway 7 Hwy. 36 South to Stanley Ave. 35 MPH, SB North from Stanley Ave. 35 MPH, NB Hwy. 36/7 Inter. South to. 35 MPH, SB Lexington Ln. at Dunraven 35 MPH, NBSB at 4 TH St. 35 MPH, SB at High St. 35 MPH, NB at Graves Ave. 35 MPH, SB at Morgan St 25 MPH, SZ, NB at Golf Course Rd. 35 MPH, NB at Twin St. 50 MPH, SB at Scott Ave. 50 MPH, NB at Carriage Dr. 50 MPH, SB at Carriage Dr., just south of 50 MPH, NB Highway 34 Hwy. 34/36 Inter. East to .1 mile 35 MPH, EB from Steamer Dr. 6 2 , SPEED LIMITS (cont'd.): From Steamer Dr. East to 35 MPH, EB Elk Trail Ct. From City Limits West to 40 MPH, WB W. Grand Estates Dr. W. Grand Estates Dr. West 35 MPH, WB to 34/36 Intersection at Dry Gulch Rd. 40 MPH, WB at Lakefront St. 40 MPH, EB Highway 36 Hwy. 34/36 Inter. East to 35 MPH, EB Hwy. 7/36 Inter. West from Hwy. 7 to .3 miles 35 MPH, WB on Hwy. 36 .3 miles Hwy. 36 to Hwy. 34/36 Inter. 25 MPH, WB 2nd St., East to 4th St. 45 MPH, EB 4th St. to City Limits 50 MPH,EB/WB 4th St. West to 2nd St. 45 MPH, WB 2nd St. West to Hwy. 36/7 Inter. 35 MPH, WB at Fish Creek Rd. 50 MPH, WB at Community Dr 50 MPH, WB at Hwy. 36/7 Inter., just West of 35 MPH, WB Larkspur Dr. From Carriage Dr. SB/NB to 25 MPH Town Limits MacGregor Ave. 25' North of Wonderview Ave. 30MPH, NB/SB To MacGregor Ranch Mary's Lake Rd. 200' South of Moraine Ave. 30 MPH, SB to Town Limits Manford Ave. From EPHS WB/EB to Hwy. 7 20 MPH, SZ 7 >1 SPEED LIMITS (cont'd.): Moccasin Bypass South from Riverside Dr. to 25MPH, SB/NB Prospect Ave. (Except .3 miles East of Riverside Dr.) 20 MPH Moraine Ave. .1 mile East of Mary's Lake Rd. to 35 MPH, EB (Hwy. 36) .1 mile West of Davis St. .1 mile West of Davis St. to Elkhorn Ave. 25 MPH, EB 200' North of Davis St. to .2 miles 25 MPH, WB West of Davis St. .2 miles West of Davis St. to City Limits 35 MPH, WB From Crags Dr. to Moraine/Elkhorn 25MPH, NB/SB Peak View Dr. From Hwy. 7 EB/WB to Town Limits 35 MPH Ponderosa Dr. From Stanley Ave. SB/NB to Morgan Ln. 25 MPH, SB Prospect Ave. Stanley Ave. to Moccasin Cir. Dr. 25MPH, EBANB West from Stanley Ave. to Fir Ave. 25 MPH, EBAA/B Riverside Dr. From West Town Limits to 100' West of 30 MPH, WB/EB Prospect Village Dr. Rockwell St. From Moraine Ave. to East Riverside Dr. 25 MPH, EB Scott Ave. From Hwy. 7 EB/WB to Fish Creek Rd. 25 MPH Stanley Ave. West from Hwy. 7 to Hwy. 36 30 MPH, WB From Hwy. 7 NB/SB to Prospect Ave. 30 MPH Stanley Cir. Circles Stanley Ave. 30 MPH, WB/EB Steamer Dr. .05 miles from Hwy. 34 to Town Limits 20MPH, NB/SB Twin Dr. From Hwy. 7 EBANB to Peak View Dr. 30 MPH Virginia Dr. West from Park Ln. to Big Horn Dr. 20 MPH, EB, M W. Elkhorn Ave. Big Horn Dr. to .2 miles West of Spruce 20 MPH, WB Dr. (Posted at 157 W. Elkhorn Ave.) 8 1 & SPEED LIMITS (cont'd.): .2 miles West of Spruce Dr. to .1 miles 35 MPH, WB West of Old Ranger Rd. .1 miles West of Old Ranger Rd. to 40 MPH, WB Town Limits 1,000 Yds. East of Valley Rd. to 100 35 MPH, EB Yds. West of Spruce Dr. Far View Dr. to .3 mi. West of Wiest Dr. 35 MPH, EB .3 mi West of Wiest Dr. to Moraine Ave. 20 MPH, EB W. Riverside Dr. West to Crags Dr. from Ivy St. 20 MPH, WB/EB Wonderview Ave. .1 miles East of MacGregor Ave. to 40 MPH, EBANB (Bypass) Town Limits 1.25 miles East of W. Elkhorn Ave. 35 MPH, EB to Hwy. 34/36 Inter. Dated this day of ,2007. TOWN OF ESTES PARK Traffic Engineer 1, Jackie Williamson, Town Clerk, Town of Estes Park, Colorado, do hereby certify that the above and foregoing is a true copy of the Appendix to the Model Traffic Code for Colorado Municipalities, Revised 2003, on file in my office as part of the official records of the Town of Estes Park. Dated this day of ,2007. Town Clerk 9 1 ' MODEL TRAFFIC CODE TOWN OF ESTES PARK - APPENDIX Amended July 22,2003 As Posted and Verified by the Police Department 06/24/03 *Amended September 28,2004 PARKING: Hours of Timed Parking - 9:00 a.m. to 5:00 p.m. There are 788 timed parking spaces (639 spaces in lots, and 149 on-street spaces). ON-STREET PARKING, 3-HR. LIMIT: East Elkhorn (Bond Park) East Riverside (Subway Restaurant) Ed's Cantina Moraine Ave. Park Lane, M N. side Subway West Elkhorn Ave. Wiest Drive PARKING LOTS, 3-HOUR LIMIT: ) Coffee Bar Lot, NW corner of E. Elkhorn & Park Ln. Dark Horse Lot Post Office Lot, north end PARKING LOTS, 30-MINUTE LIMIT: Post Office Lot, south end ON-STREET, 30-MINUTE PARKING: MacGregor Ave., east side in front of Municipal Building Timed parking will be in force from the weekend prior to Memorial Day and be in effect until Labor Day. Signs will state parking limits enforced May-September. NO-PARKING: NO-PARKING, LOADING ZONE - YEAR'ROUND East Elkhorn Ave., 100 Block, both sides East Elkhorn Ave., 200 Block, in front of Barlow Plaza and Starbucks *Fawn Ln., (both sides); 17'-wide section from the south side of the driveway entrance for 820 Fawn Ln., to the north edge of the cul-de-sac. 1 i I NO-PARKING (cont'd.j: MacGregor Ave./Bypass Intersection (northeast corner, adjacent to Canyon Creek Condominiums NO PARKING DURING SNOW REMOVAL OPERATIONS Aspen, Birch, Columbine, Driftwood, and Elm Avenues, both sides PARKING LIMITATIONS: Big Horn Dr. No Parking E. side of Cleave St. Both sides 200 Block: W. side, and E. side = M Cleave St. No Parking S. side of Lawn Ln. to 100' E. of Lawn Ln. N. side, in front of 223 Cleave St. S. side at Big Horn Dr. No Parking/ S. side, behind Old Church Loading Zone .Shops Davis St. No Parking N. side at Moraine Ave. 1 E. Riverside Dr. No Overnight Parking W. side (vacant strip), 300 Block Lawn Ln. No Parking W. side, between Spruce Dr. & Cleave St. MacGregor Ave. Angle Parking 100 Blk., both sides Moraine Ave. No Parking E. side between Molly B's Rest. & Elkhorn Ave. W. side to Wiest Dr. S. side near Elm Rd. E. side, 100 Blk. of Moraine Ave. Park Lane Angle Parking Both sides Spruce Dr. No Parking E. side, between Cleave St. & Lawn Ln. 2 , } PARKING LIMITATIONS (cont'd.): Tregent Park No Camping/ Overnight Parking Elkhorn (M ) & Spruce Avenues W. Elkhorn Ave. No Parking/ Loading Zone N. side at Tregent Park No Parking S. side, opposite Tregent Park No Parking/ Loading Zone N. side between 109-117 W. Elkhorn Ave. N. side between 191-211 W. Elkhorn Ave. S. side at 230 W. Elkhorn Ave. S. side between 134-145 W. Elkhorn Ave. Wiest Dr. No Parking N. side at Moraine Ave. Post Office Parking Lot 30-Min. Parking S. side (half) of lot, middle 9:00 a.m. - 7:00 p.m., Parking spaces; 6 signs on j except Sundays 3 light poles Wiest Parking Lot No Camping/ Overnight Parking S. side Highway 7 Parallel Parking E. side, 100 Blk. of Hwy. 7 SPEED LIMITS: Aspen Ave. Both Directions 25 MPH Birch Ave. Both Directions 25 MPH Big Horn Dr. South bound, 100' S. of Wonderview 20 MPH, SB Ave. to W. Elkhorn Ave. 3 / 1 SPEED LIMITS (cont'd.): Big Thompson Ave. (Hwy. 34) Hwy. 34, E. of Hwy. 34/36 35 MPH, EB Inter. to .7 miles E. of Hwy. 34/36 Inter. Hwy. 34,.7 miles E. of Hwy. 34/36 40 MPH, EB Inter. to City Limits 1.4 miles from City Limits to 35 MPH, WB Hwy. 34/36 Brodie Ave. From Fish Creek, WB/EB to 20 MPH, SZ Community Dr. School Zone: 7:30 a.m. to 8:30 a.m. and 2:30 p.m. to 4:00 p.m. 20 MPH, otherwise 25 MPH Carriage Dr. From Hwy. 7, EB to Lakeshore Dr. 25 MPH Cleave St. Both Directions 20 MPH Columbine Ave. Both Directions 25 MPH Community Dr. Hwy.- 36/Community Dr., S. to Manford Ave. 30 MPH, SB/NB Hwy. 7/Community Dr., N. to Manford Ave. @ Brodie Ave. Intersection 20 MPH, SZ Driftwood Ave. Both sides 25 MPH E. Elkhorn /We. Hwy. 34/36 Inter. to Park Ln. 25 MPH * Hwy. 34/36 Inter. to Park Ln. @ E. Elkhorn Ave. 25 MPH, WB E. Riverside Dr. W. from E. Elkhorn Ave. to Moccasin Bypass 20 MPH, WB/EB Elm Ave. Both Directions 25 MPH Far View Ln. "S" curve, 0.1 mi. N. of Far View/W. Elkhorn Ave. Intersection 20 MPH, NB 4 ...1 ) SPEED LIMITS (cont'd.): Fish Hatchery Rd. At Fall River Rd. 30 MPH, WB Grand Estates Dr. Both directions 30 MPH Graves Ave. From Hwy. 7 WB/EB to Community 20 MPH, SZ, EBAVB Heinz Parkway High Dr. N. to City Limits 20 MPH, NB High Drive Heinz Parkway W. to City Limits 30 MPH, WB Highway 7 Hwy. 36 S. to Stanley Ave. 35 MPH, SB N. from Stanley Ave. 35 MPH, NB Hwy. 36/7 Inter. S. to Lexington Ln. 35 MPH, SB S. to City Limits & Peakview 45 MPH, SB Community Dr. N. to Hwy. 36/7 Inter. 35 MPH, NB @ Dunraven 35 MPH, SB ~ 4TH St. 25 MPH, SB @ High St. 35 MPH, NB @ Graves Ave. 35 MPH, SB @ Morgan St. 25 MPH, SZ, NB @ Country Club Dr. 35 MPH, NB @ Twin St. 50 MPH, SB @ Scott Ave. 50 MPH, NB @ Carriage Dr. 50 MPH, SB @ Carriage D., just south of 50 MPH, NB Highway 34 Hwy. 34/36 Inter. E. to .1 mile from Steamer Dr. 35 MPH, EB From Steamer Dr. E. to City Limits 35 MPH, EB From City Limits W. to W. Grand Estates Dr. 40 MPH, WB W. Grand Estates Dr. W. to 34/36 Intersection 35 MPH, WB @ Dry Gulch Rd. 40 MPH, WB @ Lakefront St. 40 MPH, EB 5 SPEED LIMITS (cont'd ): Highway 36 Hwy. 34/36 Inter. E. to Hwy. 7/36 Inter. 35 MPH, EB W. from Hwy. 7 to .3 miles on Hwy. 36 35 MPH, WB .3 miles Hwy. 36 to Hwy. 34/36 Inter. 25 MPH, WB 2nd St., E. to 4~h St. 45 MPH, EB 4~ St. to City Limits 50 MPH, EBANB 4~ St. W. to 2nd St. 45 MPH, WB 2nd St. W. to Hwy. 36/7 Inter. 35 MPH, WB @ Fish Creek Rd. 50 MPH, WB @ Manford Ave. 50 MPH, WB @ Hwy. 36/7 Inter., just W. of 35 MPH, WB Larkspur Dr. From Carriage Dr. SB/NB to City Limits 25 MPH MacGregor Ave. 25' N. of WondervieW Ave. to MacGregor Ranch . 30 MPH, NB/SB Mary's Lake Rd. 200' S. of Moraine Ave. to City Limits I 30 MPH, SB Manford Ave. From EPHS WB/EB to Hwy. 7 20 MPH, SZ Moccasin Bypass S. from Riverside Dr. to Prospect Ave. 25 MPH, SB/NB (Except .3 miles E. of Riverside Dr.) 20 MPH Moraine Ave. .1 mile E. of Mary's Lake Rd. to (Hwy. 36) .1 mile W. of Davis St. 35 MPH, EB .1 mile W. of Davis St. to Elkhorn Ave. 25 MPH, EB 200'N. of Davis St. to .2 miles W. of Davis St. 25 MPH, WB .2 miles W. of Davis St. to City Limits 35 MPH, WB From Crags Dr. to Moraine/Elkhorn 25 MPH, NB/SB Peak View Dr. From Hwy. 7 EB/WB to City Limits 35 MPH Ponderosa Dr. From Stanley Ave. SB/NB to Morgan Ln. 25 MPH, SB Prospect Ave. Stanley Ave. to Moccasin Cir. Dr. 25 MPH, EBANB W. from Stanley Ave. to Fir Ave. 25 MPH, EB/WB Riverside Dr. From W. City Limits to 100' W. of Prospect Village Dr. 30 MPH, WB/EB Rockwell St. From Moraine Ave. to E. Riverside Dr. 25 MPH, EB 6 r. j SPEED LIMITS (cont'd.): Scott Ave. From Hwy. 7 EB/WB to Fish Creek Rd. 25 MPH Stanley Ave. W. from Hwy. 7 to Hwy. 36 30 MPH, WB From Hwy. 7 NB/SB to Prospect Ave. 30 MPH Stanley Cir. Circles Stanley Ave. 30 MPH, WB/EB Steamer Dr. .05 miles from Hwy. 34 to City Limits 20 MPH, NB/SB Twin Dr. From Hwy. 7 EBANB to Peak View Dr. 30 MPH Virginia Dr. W. from Park Ln. to Big Horn Dr. 20 MPH, EB, M W. Elkhorn Ave. Big Horn Dr. to .2 miles W. of Spruce Dr. 20 MPH, WB .2 miles W. of Spruce Dr. to .1 miles W. of Old Ranger Rd. 35 MPH, WB .1 miles W. of Old Ranger Rd. to City Limits 40 MPH, WB 1,000 Yds. E. of Valley Rd. to 100 Yds. W. of Spruce Dr. 35 MPHâ€ž EB j Far View Dr. to 100' W. of Wiest Dr. 35 MPH, EB W. Riverside Dr. W. to Crags Dr. from Ivy St. 20 MPH, WB/EB Wonderview Ave. .1 miles E. of MacGregor Ave. to (Bypass) City Limits 40 MPH, EB/WB 1.25 miles E. of W. Elkhorn Ave. to Hwy. 34/36 Inter. 35 MPH, EB Dated this day of ,2004. 7 1, TOWN OF ESTES PARK Traffic Engineer I, Vickie O'Connor, Town Clerk, Town of Estes Park, Colorado, do hereby certify that the above and foregoing is a true copy of the Appendix to the Model Traffic Code for Colorado Municipalities, Revised 2003, on file in my office as part of the official records of the Town of Estes Park. Dated this day of ,2004. Town Clerk 8 4 r.~ r.' Lowell Richardson From: Peter Marsh Sent: Monday, June 25, 2007 12:28 PM To: Lowell Richardson Subject: FW: PBIP Lowell, Just pAssing this along ... Thanks, Peter Peter Marsh Director of Communications Estes Park Convention & Visitors Bureau 500 Big Thompson Ave. P.O. Box 1200 Estes Park, CO 80517 Phone: 970-577-9900, Ext 225 FAX: 970-577-1677 www.estesparkcvb.com See the web cam at www.estesnet.com/cam -----Original Message----- From: robyn peters [mailto:roblipete@earthlink.net] Sent: Saturday, June 23, 2007 10:54 AM To: Peter Marsh Subject: Re: PBIP I cannot attend that meeting as I will be working, but I have a lot to say. First of all, on Thursday, June 21, the UPS truck had to block traffic in the right lane of Elkhorn (heading west) for 30 minutes because of cars parked in the loading zone. One of the cars was an owner of Great Wall Gifts and Roses Gifts in Park Place Mall. He was parked there all afternoon. So I feel changing the parking in zoning was a HUGE mistake and will only cause traffic jams. Secondly, I feel there should be NO parking restrictions in any lot. Customers have voiced a lot of complaints. There is no place for store owners to park, especially when a lot of us carry many items to the store each day, and sometimes when leaving (such as customer orders to ship which can be bulky). It is a big hardship to lug these things many blocks away from the stores. The shuttle (which should have started in May if the parking hours started then) is not an option for many of us. Third, in my many travels to tourist areas, I have rarely encountered parking limitations. Those areas are more "tourist friendly" than Estes and encourage tourists to slow down, spend time, spend money. Parking limits only give out the message, "hurry up - or you'll get a parking ticket," leaving only time to get candy and ice cream. If tourists are expected to shop all the stores and have a meal, three hours ain't gonna cut it! Be tourist friendly instead of criminalizing them. Tourist dollars are down this year, according to every restaurant and store owner I've talked to. They'll decrease more with the town's unfriendly presence. But you do need to address Chileto's Restaurant owners and workers parking in the alley behind Park Place Mall. They park so deep in cars that we can't get to the trash dumpsters. And it's a fire lane, clearly marked. Robyn Peters 1 Robyn Peters, Owner Headin' Home (970-586-9166) The Counseling Place (970-586-6400) PO Box 1846 145 E. Elkhorn Ave #201 Estes Park, CO 80517 roblipete@earthlink.net ----- Original Message ----- From: "Peter Marsh" <pwm@estes.org> To: "Peter Marsh" <pwm@estes.org> Sent: Friday, June 22, 2007 12:57 PM Subject: PBIP Public comments in regards to the downtown parking and loading zones will be heard at the Town Board Meeting on June 26, 2007. If you would like to respond, please attend this meeting at Town Hall located at 170 MacGregor Ave. and plan to be there no later than 7:15pm. Lowell Richardson Chief of Police If you are receiving this message a second time, I apologize for any inconvenience! Thanks, Peter Peter Marsh Director of Communications Estes Park Convention & Visitors Bureau 500 Big Thompson Ave. P.O. Box 1200 Estes Park, CO 80517 Phone: 970-577-9900, Ext 225 FAX: 970-577-1677 www.estesparkcvb.com See the web cam at www.estesnet.com/cam 2 Page 1 oi 2 4 ..4 , Lowell Richardson From: Andy Malkiel [andy@trailridgeoutfitters.corn] Sent Friday, June 22,2007 4:59 PM To: Peter Marsh; Lowell Richardson Subject: RE: PBIP Dear Chief Richardson, I won't be able to attend the meeting next Tues, but wanted to let you know my thoughts regarding loading zones. I believe the pull-outs should continue to be loading zones/shuttle stops, not regular parking. However, in every loading zone where there is enough room to not interfere with with the buses, I think one spot should be limited time parking (10 or 15 mins). My reason for suggesting this is my beliefthat if there is one "legal" spot and it's taken, people willlook for other legal parking spots, rather than parking in the loading/bus zone. However, ifthere are no on street legal parking spots at all, then people will continue to use the loading zones for their percieved short term parking. The time allowance can be managed by your summer patrol marking the tires with a chalk stick and noting the lic. # and time. Finally, I also would appreciate the pull-out between our store and Ed's, becoming this type of loading zone. There should be plenty of room for that one short term parking spot, and buses, but if there's also enough room in the loading zone in front of Starbucks for one short term parking, that would be good. Thanks for you consideration, Andy Trailridge Outfitters PO Box 1558 358 E. Elkhom Ave Estes Park, CO 80517 Ph: 970-586-4595 Fx: 970-58640111 ---Original Message----- From: Peter Marsh [mailto:pwm@estes.org] Sent: Friday, June 22, 2007 12: 16 PM To: Peter Marsh Subject: FW: PBIP Thanks, Peter Peter Marsh Director of Communications Estes Park Convention & Visitors Bureau 500 Big Thompson Ave. P.O. Box 1200 Estes Park, CO 80517 Phone: 970-577-9900, Ext 225 FAX: 970-577-1677 6/26/2007 Fage 1 OI Z Lowell Richardson From: Peter Marsh Sent: Monday, June 25, 2007 1:00 PM To: garth lewis CC: Lowell Richardson; Randy Repola Subject: RE: PBIP Hi Garth, Not that I am aware of... unless someone wants to bring it up. There is always a period at the start of a Town Board meeting where the Mayor or Mayor Pro-Tem asks the audience if any one wants to raise a topic that is NOT on the agenda. Thanks, Peter Peter Marsh Director of Communications Estes Park Convention & Visitors Bureau 500 Big Thompson Ave. P.O. Box 1200 Estes Park, CO 80517 Phone: 970-577-9900, Ext 225 FAX: 970-577-1677 www.estesparkcvb.com See the web cam at www.estesnet. com/cam From: garth lewis [mailto:parkflooring@msn.com] Sent: Sunday, June 24,2007 8:59 AM To: Peter Marsh Subject: Re: PBIP thanks, is there any agenda regarding comments on the condition of Cleave St. regarding parking and open trash cans in that area? - Original Message -- From: Peter Marsh To: Peter Marsh Sent: Friday, June 22,2007 12:21 PM Subject: FW: PBIP Thanks, Peter 6/26/2007 * |* 4 ' 6nl t1001 To the Town Council: Ann and I have to work tonight in our downtown galleries and thus cannot make the public meeting tonight. This letter is to state our opinion on downtown parking and traffic. We feel that the loading zones must be open for loading and unloading all day, every day until at least 6 PM After 6 PM we feel that it would be reasonable for parking through the evening. The shuttle bus stops must remain clear of cars at all times during their operation. By the way, we feel that the shuttle bus should start on weekends in June, go full time for July and August, the resume weekends in September, at a minimum. We feel that we got a late start with them this year as weekends in June are always very busy. Regarding parldng in downtown Estes, if it is still a problem and that is debatable with the masive increase in parking at the visitor center, if we need more parking; then a multi level parking structure behind Weist Drive would be an optimal although costly, solution. This structure could be tucked into the rock cliff and made to look very nice and be unobtrusive to the beauty of downtown. Palkins in downtown Estes along the street in the "loading zones" during the day is not viewed by us as acceptable. It causes many problems, including delivery trucks that have to block the road and customers who do not have a place to load items that they have purchased in the stores. This is a major problem on the 100 block of E. Elkhorn, as there are no back alleys for many of the stores. In the last week alone, we have had several customer complaints about lack of a loading zone and had to resort on one occasion to getting a hand cart out and pushing it through town to get it to the customer's car. This is a big impact Also, I have witnessed at least seven times over seven weekday businessdays since the new signage went up allowing the on street parking where UPS and other trucks have parked in the middle ofthe road in the 100 block of E. Elkhorn to unload their boxes, causing major blockage of the road. I have also seen them park on one side of the street and use push carts to cany goods across the busy street, through traffic to deliver to businesses on the other side of the street Needless to say, this is vely dangerous. It is unrealistic to think that all deliveries can be made before 12 noon. My business routinely gets deliveries as late as 6 PM and has shipping picked up around 5 PM each day. In talking with the delively people, they say it's impossible, given the huge volume of deliveries and pick-ups to be done before 6 PM on most days during the busy season. Another long term fix for congestion in downtown is to finally build the "Western Bypass" road so that everyone going north to south or south to north doesn't have to loop through downtown. We have no doubt that these changes were made with the best of intentions; however they are not a proper solution to the alleged parking problems in downtown Estes. We feel they actually cause serious new problems. We were upset that no input (aileast we haven't been able to find anyone who was contacted) was taken prior to this situation, but are happy you are taking input from affected paties at this time. Dania, Ronand Ann Wilcocks Owners, Earthwood Arlisans, 145 E. Elkhom Avenue And Earthwood Collections, 141 E. Elkhom Avenue Estes Park 970-577-0021 6/27/2007 To the Town Council: Ann and I have to work tonight in our downtown galleries and thus cannot make the public meeting tonight This letter is to state our opinion on downtown parking and traffic. We feel that the loading zones must be open for loading and unloading all day, every day until at least 6 PM. After 6 PM we feel that it would be reasonable for parking through the evening. The shuttle bus stops must remain clear of cars at all times during their operation. By the way, we feel that the shuttle bus should start on weekends in June, go full time for July and August, the resume weekends in September, at a minimum. We feel that we got a late start with them this year as weekends in June are always very busy. Regarding parking in downtown Estes, if it is still a problem and that is debatable with the massive increase in parking at the visitor center, if we need more parking, then a multi level parking structure behind Weist Drive would be an optimal, although costly, solution. This structure could be tucked into the rock cliff and made to look very nice and be unobtrusive to the beauty of downtown. Parking in downtown Estes along the street in the "loading zones" during the day is not viewed by us as acceptable. It causes many problems, including delivery trucks that have to block the road and customers who do not have a place to load items that they have purchased in the stores. This is a major problem on the 100 block of E. Elkhorn, as there are no back alleys for many of the stores. In the last week alone, we have had several customer complaints about lack of a loading zone and had to resort on one occasion to getting a hand cart out and pushing it through town to get it to the customer's car. This is a big impact. Also, I have witnessed at least seven times over seven weekday business days since the new signage went up allowing the on street parking where UPS and other trucks have parked in the middle of the road in the 100 block of E. Elkhorn to unload their boxes, causing major blockage of the road. I have also seen them park on one side of the street and use push carts to carry goods across the busy street, through traffic to deliver to businesses on the other side of the street Needless to say, this is very dangerous. It is unrealistic to think that all deliveries can be made before 12 noon. My business routinely gets deliveries as late as 6 PM and has shipping picked up around 5 PM each day. In talking with the delivery people, they say it's impossible, given the huge volume of deliveries and pick-ups to be done before 6 PM on most days during the busy season. Another long term fix for congestion in downtown is to finally build lhe "Western Bypass" road so that everyone going north to south or south to north doesn't have to loop through downtown. We have no doubt that these changes were made with the best of intentions; however they are not a proper solution to the alleged parking problems in downtown Estes. We feel they actually cause serious new problems. We were upset that no input (at least we haven't been able to find anyone who was contacted) was taken prior to this situation, but are happy you are taking input from affected parties at this dme. Thanks ,. Ron and Ann Wilcocks Owners, Earthwood Artisans, 145 E. Elkhorn Avenue And Earthwood Collections, 141 E. Elkhom Avenue Estes Park 970-577-0021