HomeMy WebLinkAboutminutes.council.19810217Special Meeting Aspen City Council February 17, 1981
Mayor Edel called the special meeting to order at 12:10 p.m. with Councilmembers Isaac,
Collins, Michael, Van Ness and Behrendt present. Also present Acting City Attorney Bob
Edmundson.
City Manager Chapman told Council this meeting is to adopt two resolutions having to do
with issuance of industrial revenue bonds for Aspen Skiing Corporation. There is a
delegation agreement to the Town of Snowmass Village for issuing the IRBs on behalf of
the City of Aspen for improvements to Aspen Mountain. The improvements are listed in the
agreement. The reason for the delegation agreement is that this is part of a $30,000,000
bond issue that the Skiing Corporation is trying to finance for Aspen Mountain and
Breckenridge. Breckenridge is doing the same thing. This saves the Skiing Corporation
the cost of bond issues and legal fees for underwriters for doing one issue rather than
three issues. The City of Aspen is authorizing Snowmass Village to negotiate with the
Skiing Corporation for improvements and the issuance of bonds for each of three jurisdic-
tions. Chapman told Council the second agreement is that they will begin phase one of
snowmaking on Aspen Mountain in 1981. The the Skiing Corporation gets $30,000,000 worth
of financing, they agree to do phase two no later than 1983.
Tom Richardson, president of the Aspen Skiing Corporation, described to Council where the
first phase of snowmaking on Aspen mountain would be. Richardson said this system will bE
an air and water system, one of the most modern systems ever installed. Jerry Blann
Explained these are also basically on-going maintenance programs; the lifts need to be
upgraded. Councilman Isaac asked if new lifts were planned. Blann answered only one at
Buttermilk, which is a replacement for the T-bar.
Councilman Isaac moved to read Resolution ~5, Series of 1981; seconded by Councilwoman
Michael. All in favor, motion carried.
RESOLUTION ~5
(Series of 1981)
~ RESOLUTION DELEGATING TO THE TOWN OF SNOWMASS VILLAGE, COLORADO, THE
POWERS OF THE CITY OF ASPEN, COLORADO, TO FINANCE SPORTS AND RECREATIONAL
FACILITIES FOR ASPEN SKIING CORPORATION AND AUTHORIZING THE EXECUTION AND
DELIVERY BY THE CITY OF ASPEN, COLORADO, OF A DELEGATION AGREEMENT
was read by the city clerk
Councilman Behrendt moved to adopt Resolution ~5, Series of 1981; seconded by Councilman
Isaac.
Councilman Isaac asked if there was a termination date. Chapman explained this delegatior
agreement applies to this issue only. Councilman Collins said the agreement seems rather
open ended as there is no time limit. Chapman said there is a time limit - the IRB
improvements have to be made within three years of the bond issuance. Mayor Edel said
it seems like Aspen is getting the short end of the deal; Snowmass gets 30 per cent of
the improvements, Breckenridge get 37 per cent and Aspen only get 15 per cent. Blann
said this is only three year plan out of a five year master plan and it evens out more.
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Special Meeting Aspen City Council February 17, 1981
Richardson explained to Council that on Aspen mountain, the uphill capacity is balanced
with the downhill capacity, and there is not much they can do except replace lifts, chairs
and do maintenance. This is not true at Snowmass and Breckenridge; at these areas a lot
can be done to increase the uphill capacity. Mayor Edel said this plan is good for the
City of Aspen and good for the Ski Corp; however, Aspen mountain and Buttermilk are not
getting enough money out of it.
All in favor, Councilman Collins abstained. Motion carried
Councilman Parry moved to read Resolution #6, Series of 1981; seconded by Councilman
Behrendt. All in favor, motion carried.
RESOLUTION ~6
(Series of 1981)
A RESOLUTION AUTHORIZING AND DIRECTING THE EXECUTION OF AN AGREEMENT WITH THE
ASPEN SKIING CORPORATION CONCERNING IMPROVEMENTS TO BE MADE TO THE ASPEN
MOUNTAIN AREA was read by city clerk
Chapman explained to Council this agreement says if the Skiin Corporation gets any
financing at all, they are obligated to do phase 1 of snowmaking.
Councilwoman Michael moved to approve Resolution ~6, Series of 1981; seconded by Council-
man Van Ness. All in favor, Councilman Collins abstained. Motion carried.
~ity M~anager Chapman passed out the details regarding the Plum Tree Inn and told Council
if any of them have any problems terminating the lease to call by Wednesday. Otherwise
~a~an_~i!~work 9~t the termination.
Councilwoman Michael moved to adjourn at ~-0~p.m.; s~d-~d~ yb~--C~h~i mI~-~saac.
in favor, motion carried.
Kathryn S.~och, City Clerk