How to pay for a pool in Eagle-Vail?
Eagle-Vail, CO Colorado
EAGLE-VAIL, Colorado ” Eagle-Vail officials want residents to approve a new tax and a one-time fee in order to pay to rebuild the neighborhood pool.
Residents voted more than a year ago to allow the metro district to use money from property-tax increases to fund improvements to the local recreation facility. The neighborhood pool is 30 years old and needs to be replaced, according to officials.
The tax increases totaled about $2.5 million and the district also received a $200,000 grant from Great Outdoors Colorado. But the project’s total cost is $3.7 million, leaving the neighborhood $1 million short.
Officials decided on two options to make up the rest of the money and help fund future improvements ” a $700 one-time homeowner fee and 2 percent tax on real estate transactions in Eagle-Vail.
Members of the Eagle-Vail Metro District and the Property Owners Association have been presenting their ideas to residents at a series of community meetings. They’ve held two already and the next one is scheduled for Friday.
“We’ve been pleased with the initial response,” said Jeff Layman, president of the property owners association. “Most people seem to think that $700 over two years is not that much to ask.”
Resident could pay the $700 fee during a two year period, but would get incentives ” such as free rounds at the Eagle-Vail Golf Club or passes to the pool ” for paying the money earlier.
The new outdoor pool will be built near the neighborhood pavilion. Plans for the facility include a six-lane lap pool, a children’s wading pool with a spray park and a slide, as well as spots for meetings and barbecues.
The transfer tax would require an additional 2 percent of the sale price of a piece of property be paid when the title is transferred.
“We felt like it was important to have that in place as sort of a backstop given the current financial situation,” Layman said. “But also, it’s something we need to have in place anyway if we’re going to pursue the vision of the Urban Land Institute study.”
The study, which was completed last year, made suggestions about how the Eagle-Vail neighborhood should develop.
If property owners agree to pay the $700 fee, it would make up the $1 million needed to fully fund the pool project, Layman said. The property transfer tax would provide funding for future improvements to the area, he said.
Officials are holding three more community meetings to get input on the proposals at 6 p.m. at the Eagle-Vail Pavilion on March 6, 11 and 18.
Staff Writer Chris Outcalt can be reached at 970-748-2931 or firstname.lastname@example.org.