Timber Ridge, budget on tap for Vail council | VailDaily.com

Timber Ridge, budget on tap for Vail council

Daily staff report
Vail, CO Colorado

VAIL ” Loading and delivery policies for Vail Village, the redevelopment of Timber Ridge, and the 2009 municipal budget are on the agenda of the Vail Town Council’s Tuesday meeting.

The meeting begins at 6 p.m. in the Town Council Chambers.

The $51 million budget was given preliminary approval Nov. 4. During that meeting, the split of sales tax revenue was adjusted so 61 percent of the $19.4 million projected sales tax is allocated to the General Fund and 39 percent to the Capital Projects Fund. The adjustment will boost the fund balance in the Capital Projects Fund to $3.9 million for 2009, and leaves the General Fund with a surplus of about $38,000 for 2009 and ending fund balance of $21.7 million.

The 2009 budget also proposes a 6 percent merit pool for full-time employees.

Also being discussed at Tuesday’s meeting is the topic of loading and delivery in Vail Village. During this discussion, the Town Council will review a staff recommendation to create a 60-day trial period beginning Jan. 9 that would restrict the amount of time allowed for on-street deliveries in Vail Village now that a new loading dock is available for the community.

Also at the meeting, Town Manager Stan Zemler will present three alternatives for the redevelopment the 198-unit, town-owned Timber Ridge affordable housing complex, including a recommendation for a 45-day period to negotiate an agreement with Vail Resorts to develop the property.

For more information, go to http://www.vailgov.com.

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