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TC Minutes 10-08-1985• LI MINUTES OF THE REGULAR AVON TOWN COUNCIL MEETING HELD OCTOBER 8, 1985 - 7:30 P.M. The regular meeting of the Town Council of the Town of Avon, Colorado, was held in the Municipal Building, 400 Benchmark Road, Avon, Colorado, in the Council Chambers. Mayor Allan Nottingham called the meeting to order at 7:45 p.m. A roll call was taken with Clint Watkins, Steve Miller, Sheila Davis, A.J. Wells, Al Connell, and Don Buick present. Also present were Town Attorney John Dunn, Town Manager Bill James, Director of Engineering/Community Development Norm Wood, Director of Public Works/Parks & Recreation Larry Brooks, and members of the press and public. The Mayor called for Citizen Input. As there was no one to be heard, the Mayor closed the Citizen Input discussion. At this point, the Mayor changed the order of the ordinances, placing Ordinance #85-18 first on the agenda, because of two issues that could be considered together later. Second reading of Ordinance No. 85-18, Series of 1985, AN ORDINANCE PROVIDING FOR THE APPROVAL OF USES PURSUANT TO A PRECISE PLAN FOR A PORTION OF THE SPA (SPECIALLY PLANNED AREA) ZONE DISTRICT ESTABLISHED BY ORDINANCE 85-3. Norm Wood stated that, at the conclusion of the October 1, 1985, Planning and Zoning Commission meeting, the members felt a site visit would be necessary before they took final action on this item. A site visit had been scheduled, for Planning and Zoning Commission members and all interested parties, for October 14, 1985, at 5:30 p.m. The item would then be placed on the October 15, 1985, Commission meeting agenda for final action. Mr. Wood recommended that Council hold a public hearing, for comment, then continue the public hearing to the October 22, 1985, Council meeting. The Mayor opened the meeting for public hearing. Mauri Nottingham, owner of the property immediately north of the Eagle River and facing the proposed service station property, approached the Council. He stated that he found the concept, as it was currently being presented, entirely unacceptable. He based this on the fact that he has 5 acres of proposed residential land, and he felt that the design of the station did not take the view impact on the neighborhood into consideration. Mr. Nottingham was concerned about the considerable amount of fill that rises up off the bank of the Eagle River, approximately 30' from the bank. He stated the fill at the deepest point would be 12' or less. He was also concerned about the lights that would shine from the station, directly across from him. He felt the proposed station did not fit with the concept of the Avon Master Plan. Mr. Nottingham was concerned about the impact on the value of his property. He stated he had contacted Eric Edeen, County Health Officer, to see if Mr. Edeen was aware of the proposed service station. Mr. Edeen was not aware of the project, and felt there was no need for another station along the river. There was concern about gas tank leakage into the river. The Mayor thanked Mr. Nottingham for his comments. Gary Tricarico, the proposed developer, representing Avon Trader, Inc., approached the Council. He stated that the proposed project was not just a gas station, but would be a commercial center that would offer several different community-oriented services not presently located in the area. He stated that the project does conform with the Master Plan of Avon; it provides a park area, recreation area, and bike path, as well as a full-service station. He stated that the land fill was being reviewed by the Planning and Zoning Commission, and a good horticulture cover, exceeding what presently exists, was being included. Immediately adjacent to what would be filled would be a 50' to 60' bank, rising off the river to the property immediately east of his location. As far as the possible environmental impact on the river, Mr. Tricarico stated there were facilities and gas tanks immediately adjacent to the Eagle River up and down the valley. He stated that the tanks would be installed pursuant to Colorado regulations. These regulations observe, maintain, and control how the tanks would be installed. The tanks would have leak detectors and are fiberglass. He stated that a great deal of expense has gone into assuring that a leak-type situation would not develop, but he could not guarantee that such a thing would not happen. As far as surrounding property values were concerned, he stated that the property of immediate concern was appraised in 1984, before any activity began, in the amount of $180,000. The down-lighting for the project would be done, as required by Town Code. Councilman Connell was concerned that the architect's name was on the plans, but the architect was not even being used. He felt there could be some legal implications due to the fact that Mr. Trout's name was still on the plans. -2- i 0 Mr. Tricarico stated that Mr. Trout could not supply the necessary documents in a timely fashion, so he changed architects. He stated that the actual drawings that would be submitted to the Town for structural detail review would be, and are, stamped by a registered engineer and architect.. Councilman Miller was concerned about the excavating activity on the site. Mr. Tricarico stated that he did have a permit from the State Highway Department to cut in an access to the land. He stated he had direction from the Planning and Zoning Commission, and the Commission has given final approval, even though the project was to be re-reviewed. He stated that they were moving ground and removing trees so they could store the equipment being used to cut in the access. He stated he was not worried about the County Health Officer's concerns regarding the impact on the river. The Town Attorney stated that there were no requirements stating that the Health Officer would have to approve such a project. Councilman Watkins stated that he had not seen a Master Plan for the White Property. Mr. Tricarico stated he had presented the plan at the last Council meeting. He stated that the building looks basically the same on the north side as it does on the south side. Councilman Miller asked if there was anyone involved in the project that could guarantee there would be no spillage from the tanks into the river. Mr. Tricarico stated he did not think anyone, in any circumstance, could make such a guarantee. He stated that a lot of precautions would be taken to try and prevent such a happening. The gasoline tanks would be located 100 feet from the river, and would be elevated more than 50 feet above the river. Councilman Miller stated he was not against a full-service station but, if something were to happen, Avon could not buy another water supply. Mr. Tricarico stated that the EPA (Environmental Protection Agency) did not deem the project a hazard. Councilman Connell moved to table Ordinance No. 85-18, Series of 1985, until the Planning and Zoning Commission has had a chance to research it further. The motion was seconded by A.J. Wells. Councilman Wells suggested that the County Health Officer be asked to look at the project and give an opinion to Council and the P&Z as to whether it was a health hazard, and he suggested asking the Planning and Zoning Commission to hear the opinion along with the other input. He stated that, if the project does not go ahead, Mr. Tricarico does not have to buy the land. Councilman Wells stated that, at the last meeting, Mr. Tricarico stated he had a commitment for financing but, the next day, Mr. Wells was informed that Mr. Tricarico was out asking a bank for a -3- 0 • loan. Mr. Tricarico stated there was nothing unusual about continually asking banks for commitments. He stated he had a commitment, but that did not mean he had to use that commitment. He stated that all banks come up with different point systems, different interest rates, pay backs, etc. He reiterated that he had a commitment. Councilman Wells asked who the commitment was from. Mr. Tricarico stated he felt that was his personal business, but he stated he would be happy to present the letter to Council, in private, if so desired. The Mayor asked for a vote on the motion to table. The motion to table Ordinance No. 85-18 was carried unanimously. The Mayor thanked Mr. Tricarico for coming. Second reading of Ordinance No. 85-17, Series of 1985, AN ORDINANCE PROVIDING FOR THE AMENDMENT OF THE ZONING CODE OF THE TOWN OF AVON BY THE AMENDMENT OF THE TOWN OF AVON ZONING DISTRICT MAP AND BY THE AMENDMENT OF ORDINANCE 81-35 ESTABLISHING THE SWIFT GULCH ADDITION TO THE TOWN OF AVON AS A SPECIALLY PLANNED AREA. Be it noted that A.J. Wells and Mayor Allan Nottingham stepped down due to conflict of interest The Mayor Pro Tem then proceeded. . This was a public hearing. Norm Wood stated that, on August 15, 1985, the Planning and Zoning Commission held a public hearing on the request for a SPA Development Plan to include the easterly 1.36 acres of Tract Y, Block 1, Benchmark at Beaver Creek, with the Swift Gulch Addition SPA Area. At the conclusion of the hearing, it was agreed that the Plan Amendment did conform with the working goals and the Development Plan. Mr. Wood recommended that Council approve the requested change. The Mayor Pro Tem opened the public hearing. There being no one wishing to be heard, the Mayor Pro Tem closed the public hearing. Steve Miller moved approval of Ordinance No. 85-17, Series of 1985, on second reading. The motion was seconded by Clint Watkins. Discussion followed. Mr. Watkins stated there had been discussion, some time back, regarding provisions to protect the trees in that area. Mr. Wood stated that those provisions were included in the Preliminary Plat approval. Council members voting "aye" on the motion were Clint Watkins, Steve Miller, Al Connell, and Don Buick. There were no "nay" votes. The motion carried, with Allan Nottingham and A.J. Wells abstaining. -4- 0 • Resolution No. 85-33, Series of 1985, A RESOLUTION GRANTING A SPECIAL REVIEW USE FOR THE TRANSFER OF ONE RESIDENTIAL DEVELOPMENT RIGHT FROM BENCHMARK AT BEAVER CREEK UNASSIGNED UNIT POOL TO UNIT 401, BUCK CREEK PLAZA CONDOMINIUMS, LOT 72, BLOCK 2, BENCHMARK AT BEAVER CREEK. Be it noted that Mayor Nottingham and A.J. Wells stepped down due to conflict of interest. Norm Wood stated that an application was filed with the Planning and Zoning Commission for a Special Review Use to transfer one Development Right, from the Benchmark at Beaver Creek unassigned unit pool, to unit 401, Buck Creek Plaza Condominiums, Lot 72, Block 2, Benchmark at Beaver Creek. He stated that, at the conclusion of the review and public hearing, the Planning and Zoning Commission found the request to be in conformance with the requirements of the Zoning Code, found it to be consistent with the objectives and purposes of the Zoning Districts, and found it to be compatible with the surrounding land uses in the area. Mr. Wood recommended that Council approve the Special Review Use request for the Development Right transfer. The unit was being transferred from the unassigned unit pool. He stated that, when the Town was incorporated, 100 units were approved that were not assigned to any specific tracts. At this time, there are 5 floating units in that unassigned pool. Councilman Watkins was concerned about the 5 unassigned units in the pool, and wondered if the Town's ordinances require the units to be designated to property. The Town Attorney stated the ordinances were structured so that all transferable density units relate to specific pieces of property. He stated there was nothing written in the ordinances to require any unassigned units be forthwith assigned; there was no obligation to do so. Councilman Connell suggested that Benchmark assign the remaining four units as soon as they can. The Town Attorney stated that Council should keep in mind that Benchmark was the developer, Benchmark platted the area, and Benchmark withheld those units. Clint Watkins moved approval of Resolution No. 85-33, Series of 1985. The motion was seconded by Steve Miller, and was carried with Allan Nottingham and A.J. Wells abstaining. Mayor Nottingham and Councilman Wells resumed their seats. The Town Attorney stated that a bill from Stan Damas was included in the Accounts Payable. This bill was regarding representation of Richard Blodgett in connection with the police officers' suit against the Town. He stated that the bill was provided for information purposes only, and was not intended to be submitted for payment. It had been forwarded to the insurance company. -5- i • Ordinance No. 85-19, Series of 1985, AN ORDINANCE PROVIDING FOR THE AMENDMENT OF THE ZONING DISTRICT MAP OF THE TOWN OF AVON BY THE INCLUSION OF CERTAIN DESCRIBED LAND IN THE RESIDENTIAL HIGH DENSITY COMMERCIAL ZONE DISTRICT. This ordinance was placed on the agenda for discussion. Dennis Cole, attorney for Falcon Pointe, approached the Council. He stated he would like to discuss their request with Council. He stated that the ordinance that was currently on the agenda would amend a portion of the Zoning Code to allow a Special Review Use in the RHLD (Residential High Low Density) Zone District. Earlier in the day, he had delivered a different ordinance to the Town that reflected their original request and application to the Planning and Zoning Commission. The original application requested the rezoning of lots 45 & 46, Block 2, Benchmark at Beaver Creek, from RHLD to RHDC (Residential High Density Commercial). Mr. Cole stated they would appreciate Council considering this discussion as being toward the second ordinance. Mark Mitchell, Project Director for Falcon Pointe, approached the Council. Mr. Mitchell presented a narrative regarding the proposed conversion to time-share at Falcon Pointe. He stated he represented the Wynn Group, the current owner of the building, and stated they were working with Columbia Savings and Loan, out of Denver, the current lender for the project. Mr. Mitchell was requesting a zone change for Lot 45, the lot on which Falcon is, and Lot 46, the lot adjacent to Falcon Pointe to the east, from RHLD to RHDC. The intent behind the change to RHDC was that RHDC allows for time-share as a Special Review Use. If the ordinance was passed on first reading, it would allow them to proceed to the October 15th meeting of the Planning and Zoning Commission to work on the Special Review Use. They would then come back to the Council, on October 22, 1985, for public hearing on the ordinance and on the Special Review Use. Mr. Mitchell continued with his narrative, discussing adjacent projects and existing uses, occupancy figures, bus system impact, employment impact, tax and recreation revenues, and real estate transfer tax (time-share sales only/See attached memorandum dated October 8, 1985). Councilman Watkins stated that RHDC allowed uses are naturally commercial, and one of the specifically mentioned commercial uses is automotive service stations. Mr. Mitchell stated he could assure Mr. Watkins that their project would not have that type, or any other type of commercial use. He stated theirs would be a front-desk type of operation, they do not have the space for any sort of commercial operation. Councilwoman Davis asked if the uses could be limited to "Limited Commercial" under a Special Review Use. -6- i • The Town Attorney stated that it could be accomplished in some way, possibly by creating a new zone district. There was discussion regarding concern over road impact. Charles Gersbach, member of the Planning and Zoning Commission and a Real Estate Broker, approached the Council. He stated that the Planning and Zoning Commission denied the request because they feel there is enough time-share in Avon already. He stated that the Town does not really have any more than one time-share project and, as a real estate broker, he did not see any in the future. Discussion followed. At this point, the Town Attorney recommended that Council not proceed any further with discussion of the ordinance, pursuant to the amendment provision of the Town's Code, to the effect that whenever Council has set a public hearing to review an application by a private landowner for changes in the text of a zoning code or zoning district map, the applicant and all interested parties must be given an opportunity to be heard, and to present and rebut evidence. He stated that, if Council was going to receive comments and evidence at this time, before notice was published, they could be jeopardizing their record. Council agreed to consider the ordinance on first reading, so they could proceed. Councilman Buick wanted to know what the emergency was to pass on first reading right away. Mr. Cole stated that Resort America Corporation/Christie Lodge Association, Ltd., anticipates selling the last time-share unit at the Christie Lodge in December or January. He stated it was crucial that additional inventory be available at that time to keep Avon's marketing program going. He stated that Falcon Pointe was the only project that could conceivably be ready in January, and that would be based upon receiving approval on the time schedule, so they would know where they stand. Lengthy discussion followed. B.C. Rumsey, owner of 3-1/2 units in Beaver Creek West and also on the Beaver Creek West Board of Directors, approached the Council. He stated that one issue behind opposition of the project was the type of advertising and publicity that comes from a time-share project. Another issue was the the zone change on Lots 45 & 46. He was concerned about why the project's proponents were interested in including Lot 46 in their request. He stated that Lots 45 & 46 were originally meant to be a part of Beaver Creek West, before the financial times caught up with the developer and forced them to go their separate ways. He stated that Lot 46 is a vacant lot. Mr. Rumsey stated that, in 1978-79, Avon was far superior to Vail, Snowmass, and Aspen. He felt the planning was well done, the parking adequate, and felt a good foundation for Avon was in place. He stated that Avon was a good quality resort -7- 0 6 area. He stated he did not think time-share had been anticipated. He did not think a situation where 56 of 124 units voted not to allow time-sharing at Falcon Pointe should be ignored. He stated that Beaver Creek West has taken care of the roads, winter and summer, without any help from Falcon Pointe. Mr. Rumsey again mentioned the bad publicity with regard to time-share. He stated the market would dictate whether time-share would be a good thing for Avon. Councilman Wells stated that Falcon Pointe could not sell their 3-bedroom units. Mr. Rumsey stated that they had not tried to sell them. Mr. Mitchell stated they had done a market research that indicated there was no market for 3-bedroom units, and the price per square foot they would receive would not be an appropriate solution for their problem. They would need $100 per square foot as the asking price, and $90 per sq. ft. for the open sales price. Pat Montgomery, with Ski and Shore Real Estate, approached the Council. He was very concerned about the statements made about time-sharing and the bad publicity. He stated he had no financial interest in Falcon Pointe, but was involved in the Christie Lodge time-share project. At this point, he was the broker in charge of the sales staff of the single most successful time-share marketing program ever in the United States. He stated he was speaking in defense of the 12,000 owners at Christie Lodge that ride the buses, eat in the restaurants, visit the shops, rent the skis, and support the operations of Avon. He stated that all the bad publicity was untrue. After discussion, the Mayor thanked Mr. Montgomery for his comments. Jim Comerford, owner of the Country Store and Western Sun Sports, approached the Council. He stated his livelihood depended on the success or failure of time-share in the Christie Lodge. Council discussed the possibility of a Use Variance for the project, and further discussed a zone change, an amendment to the zone change, and spot-zoning. After further discussion, A.J. Wells moved approval of Ordinance No. 85-19, Series of 1985, on first reading, specifically so Council could get to the public hearing stage and hear all the pros and cons in an official public hearing on the matter. The motion was seconded by Sheila Davis. Councilman Watkins stated he would rather see Council amend the RHLD Zone to allow time-sharing as a Special Review Use. Councilwoman Davis disagreed. Discussion followed. The Mayor requested that the parties involved, both pro and con, get together and try to reach some sort of a compromise. The Mayor called for a roll call vote. Councilmembers voting "aye" were A.J. Wells, Al Connell, Sheila Davis, and Steve Miller. Councilmembers voting "nay" were Clint Watkins and Don Buick. The motion carried by a 4 to 2 vote. -8- U First reading of Ordinance No. 85-20, Series of 1985, AN ORDINANCE AMENDING SECTION 2 OF ORDINANCE NO. 85-6 OF THE TOWN OF AVON, COLORADO, ESTABLISHING A TRANSPORTATION AND RECREATIONAL AMENITIES TAX. The Town Manager stated that Council may want to consider implementing the Code's revenue increase in the 1986 budget. He stated he had come up with an estimate that could generate $50,000 to $100,000 off the time-share project at Christie Lodge if the recreational amenities fees were raised from 1/4% to 1%. He stated that the ordinance before Council would do that. Don Buick moved approval of Ordinance No. 85-20, Series of 1985, on first reading. The motion was seconded by Steve Miller. Those Councilmembers voting "aye" were Clint Watkins, Steve Miller, Sheila Davis, A.J. Wells, Al Connell, and Don Buick. There were no "nay" votes. The motion carried unanimously. The Town Manager suggested that Council Development Plan by resolution, then sch hearing and final input. He stated that the not receive a totally satisfactory response landowners were the trailer park area and the The proposed plan would be adopted as guideline. The Council agreed to schedule this matter 1985, Council meeting. adopt the proposed edule it for public only areas that did from developers and church location. a Development Plan for the November 12, The Financial Matters were next presented to the Council. Steve Miller moved to receive items #1 through V. The motion was seconded by Clint Watkins, and was unanimously carried. Clint Watkins moved approval of the General Fund Accounts Payable for October 8, 1985. The motion was seconded by Steve Miller. The Town Manager stated that the bill from Stan Damas, for legal fees, should be deleted from the accounts payable. Clint Watkins amended his motion to include the deletion. Steve Miller amended his second. The motions carried unanimously. Steve Miller moved approval of the Transit Fund, Public Works Fund, and the Mall Construction Fund Accounts Payable for October 8, 1985. The motion was seconded by Clint Watkins, and was unanimously carried. -9- A • Steve Miller moved approval of the Reconciliation Sheet of Accounts Payable for October 8, 1985. The motion was seconded by Clint Watkins, and was unanimously carried. The minutes of the September 24, 1985, Council meeting were next presented to the Council. Steve Miller moved approval of the September 24, 1985, meeting minutes. The motion was seconded by Al Connell, and was unanimously carried. There being no further business to come before the Council, Clint Watkins moved to adjourn. The motion was seconded by Steve Miller. The Mayor adjourned the meeting at 11:12 p.m. Approved: -10- October 8, 1985 Town Council Members Town of Avon Avon, Colorado 81620 Town Council Members: Lot 45 (Falcon Pointe Lodge) and Lot 46 (undeveloped), Block 2, Benchmark Subdivision have applied for a change in zoning from Residential High and Low Density (RHLD) to Residential High Density and Commercial (RHDC). Zoning definitions are attached. Lot 45 (Falcon Point Lodge) has concurrently applied for a Special Review Use to permit timeshare ownership. It is our belief that this proposed use of Falcon Pointe Lodge is consistent with surrounding uses and the new Avon Master Plan, hence supporting approval of the requested zone change and Special Review Use. In reviewing the Town of Avon Master Plan, prepared by Jim Lamont, it is apparent that Falcon.Pointe is located within an area (District 3) that specifically states as a goal to "Encourage the inclusion of short and long term residential uses..." The Master Plan also spells out the need to "Establish residential and Lodging uses..." in District 3. It would appear the timesharing of Falcon Pointe falls within these parameters and that the proposed use would complement the development of varying term accomodations in this area. We believe it can be agreed that except for the form of ownership and slightly higher occupancy rates, a timeshare resort and a lodge or hotel are similar operations. The Master Plan also suggests "encouraging compatible uses to develop around the perimeter of Distict 2. This district is zoned Town Center (TC) and abuts Lots 45 and 46 to the East. The "lodge atmosphere" and "residential feel" of Falcon Pointe would seem to be an appropriate buffer for this area around the perimeter of District 2. Falcon Pointe Lodge is adjacent to Beaver Creek West/Avon Lake Villas, which currently have approximately three-fourths of their 124 units available for short-term rentals. Other existing and proposed projects in the immediate area include: • Town Council Members October 8, 1985 Page Two Project Name Avon Center Existing Type Existing condominium and commercial building, two proposed hotels and an athletic club. Peregrine Savoy Square 100+ unit condominium and commercial building. 200+ unit proposed time- share/hotel facility. Wynfield Inn 150 room hotel proposed for Spring of 1986. These projects are all.much larger and higher in density, yet they are all within close proximity to Falcon Pointe Lodge. It seems appropriate that a project the size and scope of Falcon Pointe would lie between these higher density projects to the East and the lower density projects to the West. It should be noted that while the total number of units is increasing from 31 units to 59 units,.the total number of bedrooms is decreasing from 90 bedrooms to 59 bedrooms. This actually decreases the capacity of the building. It is our understanding that the fractionalization system was adopted to address these types of.density issues. As our research indicates, the impacts associated with a change in use of Falcon Pointe Lodge are minimal, while the advantages with regard to tax and fee revenues and increased employment are substantial. The attached charts show that there is not a considerable increase in total occupants during peak times. Consequently, there is also only a minor increase in usage of the bus system, which should be serviceable by the two bus stops currently within easy walking distance of Falcon Pointe. Town Council Members October 8, 1985 Page Three The revenues generated through transfer taxes, recreation fees and sales taxes are obviously considerable. The benefits to the community can also be measured in terms of increased activity in area restaurants and shops. In summary, it is our opinion that converting Falcon Pointe Lodge to a timeshare form of ownership is consistent with the Town of Avon Master Plan and the existing and proposed surrounding developments. We also believe the entire Avon community will benefit substantially from this proposal. Thank you for your time and consideration. Sincerely, Mark P. Mitchell Project Director Attachments MPM/ser ZONING DEFINITIONS Residential High_and-Low-Density_(RHLD) Intention: Areas for varying and long term occupancies in attached, or multi-family dwellings on separate lots. Allowed Uses: Duplex, multi-family dwellings, condominiums, townhouses, apartments, accessory building and uses. Average Density Units/Acre: 20 units/acre Special Review Use: Open use recreation; no horses allowed; limited home occupation office; signs as per sign code; public uses; lock-off units. Residential-High-Density_and-Commercial ...(RHDC) Intention: Areas for varying and short term occupancies mixed with some commerical establishments providing retail and personal service outlets. Allowed Uses: Condominiums, apartments, hotels, lodges, motels, retail shops, showrooms, excluding motorized vehicles, restaurants, service shops, offices, accessory buildings, automobile service station. Average Density Units/Acre: 25 units/acre plus commercial or 75 units/acre accomo- dation units. Special Review Use: Open use recreation; no horses allowed; indoor recreation; motorized vehicles showrooms; signs as per sign code; public uses; timesharing units; lock-off units. OCCUPANCY FIGURES Winter 80 People - Long Term 46 People - Short Term* 126 Total People *Based on 70% Average Occupancy Summer 80 People - Long Term 23 People - Short Term*** 103 Total People 159 People** 159 Total People **Based on 90% Average Occupancy 124 People**** 124 Total People ***Based on 35% Average Occupancy ****Based on 70% Average Occupancy 0 BUS SYSTEM IMPACT WINTER Current 0 8 Long Term Rental Riders (10%) 30 Short Term Rental Riders (65%) 38 Total Daily Riders Timeshare 103 Total Daily Riders (65%) SUMMER Current 8 Long Term Rental Riders (10%) 15 Short Term Rental Riders (65%) 23 Total Daily Riders Timeshare 81 Total Daily Riders n L_J EMPLOYMENT IMPACT Current 2 Housekeeping 1 Manager 1 Maintenance 1 Part-time* 5 Total People Employed *Two part-time equals one full-time. Timeshare 5-15 Housekeeping 3 Maintenance 1 Manager 6 Administration, Front Desk 15-25 Total People Employed Tax b Recreation Revenues Current Timeshare Transfer Tax on Initial Sale(l%) NA $ 63,000.00 Timeshare Sales (1.25%) NA 379,375.00 Annual Recreation fees ($7.63/week) NA 22,958.67 Sales S Accomo- dations Taxes(5C) $ 13,360.00 13,030.00 Initial Transfer Taxes and Timeshare Sales Fees $ 442,375.00 Annual Recurring Revenue $ 35,988.67 AVON REAL ESTATE TRANSFER TAX Timeshare Sales Only 1983 1984 1985 January $ 0 $ 0 $ 935.28 February 0 231737.32 1,799.28 March 0 101970.44 49,838.54 April 24$726.72 38, 830.54 633446.5 . 8 May 22,379.96 31,853.50 702981.72 June 8,600.85 131620.92 40 188.12 July 191413.77 431871.54 SubTotal:$162,882* 27,038.28 August 22,432.80 201647.48 September 161657.86 52,715.16 October 261309.82 42,862.54 November 27,730.56 46,328.98 December 277804.00 612693.10 $1961056.34 $387,131.512** $2541227.80* * 56% increase from 1984 to 1985 (year-to-date). Timeshare transfer taxes accounted for over 75% of the total transfer taxes collected in 1984. This figure is over 90% on a year-to-date basis (January - July). AVON REAL ESTATE TRANSFER TAX Excluding Timeshare Sales 1984 1985 i January $ 13,344.89 $ 7,955.00 February 12,960.25 41175.00 j March 8,704.00 51070.00 April 1,750.00 51346.90 May 6,590.00 -a June 52860.00 27070.00 July 3,717.00 Subtotal:$52,926. 00* 31290.00 August 8,010.00 September 123321.78 October. 20 010.00 November 251865.00 December 71837. 00 $1261969.92 $ 279876.90* * 45% decrease from 1984 to 1985 (year-to-date). ,