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Home My Public Portal AboutTBP 2011-04-20 BOARD OF TRUSTEES REGULAR MEETING AGENDA WEDNESDAY,APRIL 20,2011 FRASER TOWN HALL Members of the Board may have dinner together @ 5:30 p.m. -Fraser Town Hall 1.Regular Meeting - Roll Call 2.Approval of Agenda 3.Executive Session: 6:00For the purpose of determining positions relative to matters that may be subject to negotiations, developing strategy for negotiations, and/or instructing negotiators, under C.R.S. Section 24-6-402(4)(e) and for a conference with Special Counsel for the purpose of receiving legal advice on specific legal questions under C.R.S. Section 24-6-402(4)(b); regardingthe Denver Water Enhancement Agreement. 4.Consent Agenda 7:30 a)Minutes –April 6, 2011 5.Open Forum a)Business not on the agenda 6.Updates 7.Public Hearing 8.Discussion and Possible Action Regarding a)Regional Energy Strategy b)Ordinance 379 Medical Marijuana Moratorium; extending the moratorium until July 1, 2012 in accordance with HB1043 c)Online travel company sales d)VRBO contractwith VRCompliance LLC e)National RailDay f)Business Enhancement Grant Program 9.Action Items 10.Community Reports 11.Staff Reports 12.Other Business Upcoming Meetings: Wed.April 27, 2011Planning Commission Wed.May 4,2011Board of Trustees Posted April14, 2011 Lu Berger Ô« Þ»®¹»®ô Ì±©² Ý´»®µ Town Board Briefing Note that this meeting will begin at 6pm. However, the Town Board will start the meeting with an Executive Session regarding the Denver Water Enhancement Agreement. This session is projected to last until 7:30pm. As you may recall, BEDA has been facilitating development of a Regional Energy Plan. A draft is included in your packet, and Liz will provide an overview and be available for any questions/comments at the meeting. The State has been moving closer to adoption of cleanuplegislation regarding medical marijuana that, among other things, moves the statewide moratorium out to July 1, 2012. Accordingly, we have provided a resolution extending the Town’s moratorium to coincide with the State. While local regulations are still on our work plan, it’s of little use to continue our discussions while the State continues to change the ground rules. See enclosed materials regarding online travel company sales and rental by owner matters from the Colorado Association of Ski Towns. Also enclosed is a request from Amtrak regarding National Rail Day. Along with our ongoing economic development conversations, we’d like to discuss the merits of a business enhancement grant program. Such a program could be designed to assist local businesses in these challenging times toward accomplishing improvements that would also be a benefit to the public (such as life safety deficiencies, landscaping, site cleanup, etc). Please check your calendars, or bring them to the meeting, so we can look at some dates for a joint meeting with Winter Park Ranch Water and Sanitation to review and discuss the line sharing agreement and the water lease. th We’ll be bringing the Chamber MOU and vendor program back on May 4. As always, feel free to contact me ifyou have any questions or need any additional information. Town of Fraser PO Box 370, Fraser, CO 80442 office 970-726-5491fax 970-726-5518 www.frasercolorado.com FRASER BOARD OF TRUSTEES MINUTES DATE: Wednesday,April 6, 2011 MEETING: Board of Trustees Regular Meeting PLACE: Fraser Town Hall Board Room PRESENT Board: Mayor Fran Cook; Mayor Pro-Tem Steve Sumrall; Trustees: Peggy Smith, Vesta Shapiro,Scotty Brent, Joyce Burford and Eric Hoyhtya Staff: Town Manager Jeff Durbin;Town Clerk, Lu Berger; Finance Manager Nat Havens;Public Works Director Allen Nordin; Town Planner, Catherine Trotter; Police Chief, Glen Trainor Others: See attached list Mayor Cook called the meeting to order at 6:00 p.m. 1.Regular Meeting: Roll Call 2.Approval of Agenda: motion Trustee Hoyhtya moved, and Trustee Burford seconded the to approve the Motion carried: 7-0. Agenda. 3. Executive Session: For the purpose of determining positions relative to matters that may be subject to negotiations, developing strategy for negotiations, and/or instructing negotiators, under C.R.S. Section 24-6-402(4)(e) regarding a proposed annexation agreement. motion TrusteeSmith moved, and TrusteeHoyhtya seconded the to opentheExecutive Session For the purpose of determining positions relative to matters that may be subject to negotiations, developing strategy for negotiations, and/or instructing negotiators, under C.R.S. Section 24-6-402(4)(e) regarding a proposed annexation agreementand to Motion carried:7-0. include TM Durbin, TC Berger. motion Trustee Burford moved, and TrusteeHoyhtya seconded the to closethe Executive Session For the purpose of determining positions relative to matters that may be subject to negotiations, developing strategy for negotiations, and/or instructing negotiators, under C.R.S. Section 24-6-402(4)(e) regarding a proposed annexation Motion carried:7-0. agreementand to include TM Durbin, TC Berger. 4.Consent Agenda: a)Minutes –March 16, 2011 Page 2of 3 motion Trustee Burford moved, and Trustee Sumrall seconded the to approve the Motion carried: 7-0. consent agenda. 5.Open Forum: 6.Updates: 7.Public Hearings: 8.Discussion and Possible Action Regarding: a)Economic Development Events Event vendors Loyalty cardprogram Home rule Catherine Ross briefed the Board on the feedback received at the Fraser Business forum and the thoughts of the business leadersregarding events. Vendors at the Picnic in the Park was discussed. The Lion’s Club has asked the Board to consider them as a vendor at the event. The Board directed TM Durbin and Catherine Ross to look into vendors at Picnic in the Park and a viable vendor program. Loyalty card program was well received at the Fraser Business Forum. The Board directed staff to look into the cost of the program. The Town of Winter Park and the County will also be asked to participate. Home Rule; Board’s consensus was to keep up to date on the process but not interested in pursuing at this time. b)Chamber Memorandum of Understanding A few changes to the verbiage to the current MOU will be made. It will be brought back to the Board. 9.Action Items: a)Resolution 2010-04-01 authorizing expenditures for Fraser River Bank Stabilization High water in 2010 took out a berm along a section of the river. This resolution allows funds to be used to stabilize the river bank. motion Trustee Burford moved, and Trustee Shapiro seconded the to approve Resolution 2010-04-01 authorizing expenditures for Fraser River Bank Stabilization. Motion carried: 6-0 b)Resolution 2010-04-02 authorizing expenditures for street projects Page 3of 3 PW Nordin’s briefing outlined the project. The Board gave their approval to move ahead with the bidding process. A revised Resolution accepting a contract will be brought back to the Board. 10.CommunityReports: Trustee Sumrall: Schools Ad Hoc Committee meeting has met twice discussing possibleways of raising revenue. 11.Staff Reports: Town Clerk – Los Nopales liquor license. Finance Manager - None Town Planner - None Public Works Director - None Town Manager – RFP for 200 Eisenhower, please take a look at it and give suggestions. Trail work is moving along. th Business forum schedule, May 10tentative. New video and sound system for the next meeting. Plant Superintendent - None Police Chief – None 12.Other Business: motionMotion Trustee Burford moved, and Trustee Shapiro seconded the to adjourn. carried: 6-0. Meeting adjourned at 9:05p.m. Lu Berger, Town Clerk Ö¿½µ±² ¿²¼ Ù®¿²¼ Ý±«²¬§ Û²»®¹§ Í¬®¿¬»¹§ Ì¿¾´» ±º Ý±²¬»²¬ Ö¿½µ±² ¿²¼ Ù®¿²¼ Ý±«²¬§ Î»¹·±²¿´ Û²»®¹§ Ì»¿³ òòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòò í ×²¬®±¼«½¬·±² òòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòò ì Ì»¿³ É±®µ òòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòò ë Ì¸» îðïî Ý¸¿´´»²¹» òòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòò è Ì©± Ç»¿® Í¬®¿¬»¹§ òòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòòò è Ú·ª» Ç»¿® Í¬®¿¬»¹§ 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½±³³»®½·¿´ñ ®»·¼»²¬·¿´ ½±²«³°¬·±² ¼¿¬¿ ¿²¼ ·²º®¿¬®«½¬«®» ª º«»´ ½±¬ò ìè Ì¸· ²«³¾»® ©¿ ¿®®·ª»¼ ¿¬ ¾§ ¿´´±½¿¬·²¹ º«»´ ½±²«³°¬·±² °®±°±®¬·±²¿¬»´§ ¾¿»¼ ±² °»®½»²¬ ±º ¬¿¬» °±°«´¿¬·±²ò ìç Ì¸· ²«³¾»® ©¿ ¿®®·ª»¼ ¿¬ ¾§ ¿´´±½¿¬·²¹ º«»´ ½±²«³°¬·±² °®±°±®¬·±²¿¬»´§ ¾¿»¼ ±² °»®½»²¬ ±º ¬¿¬» °±°«´¿¬·±²ò TOWN OF FRASER ORDINANCE NO. 379 Series 2011 AN ORDINANCE AMENDING ORDINANCE NO. 376, SERIES 2010EXTENDING THE TEMPORARY MORATORIUM ON THE SUBMISSION, ACCEPTANCE, PROCESSING, AND APPROVAL OF ANY APPLICATION FOR A LICENSE OR PERMIT RELATED TO THE OPERATION OF A BUSINESS THAT SELLS OR DISTRIBUTES MEDICAL MARIJUANA PURSUANT TO THE AUTHORITY GRANTED BY ARTICLE XVIII, SECTION 14 OF THE COLORADO CONSTITUTION; DIRECTING THE PROMPT INVESTIGATION OF THE TOWN’S REGULATORY AUTHORITY OVER SUCH BUSINESSES; DECLARING THE INTENTION OF THE TOWN BOARD TO CONSIDER THE ADOPTION OF APPROPRIATE TOWN REGULATIONS WITH RESPECT TO SUCH BUSINESSES IF PERMITTED BY LAW; AND PROVIDING FOR AN IMMEDIATE EFFECTIVE DATE OF THIS ORDINANCE WHEREAS, Town of Fraser Referred Measure 2B prohibiting Medical Marijuana Centers, optional premises cultivation operations, and medical marijuana-infused products manufacturers was defeated by the electorateon November 2, 2010; and WHEREAS, The Fraser Town Board and Planning Commission need to establish appropriate regulations regarding Medical Marijuana Centers, optional premises cultivation operations, and medical marijuana-infused products manufacturesin advance of processing any such applications; and WHEREAS, TheState legislaturehasextendedthe current State moratorium on the issuance of licenses to open/operate a medical marijuana dispensary until July 1, 2012. NOW THEREFORE, BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE TOWN OF FRASER, COLORADO, THAT: PART 1: AMENDMENT OF MUNICIPAL CODEMunicipal Code, Town of Fraser, Colorado (herein sometimes referred to as the "Municipal Code") is hereby amended as provided. 1.1The existingmoratorium on the submission, acceptance, processing, and approval of all applications for licenses orpermits relating to the operation of a business that sells or distributes medical marijuana is hereby extended to and including July 1, 2012whichallow the Town staff and Town Board to investigate the Town’s ability to regulate such businesses, and to develop and implement any appropriate regulations deemed necessary by the Town Board. 1.2The duration of the moratorium imposed by this ordinance is reasonable in length, and is no longer than is required for the Town and the State to properly investigatedevelop, and, if appropriate, adopt and implement any regulations deemed necessary with respect to businesses that sell or distribute medical marijuana. PART 2:EFFECTIVE DATES OF THE MORATORIUM. The moratorium imposed by this ordinance shall commence asof the date of the adoption of this ordinance, and shall expire on July 1, 2012thereafter, unless sooner repealed. PART 3: EMERGENCY DECLARATIONThe Town Board of the Town of Fraser hereby finds, determines, and declares that an emergency exists and that this ordinance is necessary for the immediate preservation of public property, health, welfare, peace or safety. The Town Board further determines that the adoption of this ordinance as an emergency ordinance is in the best interest of the citizens of the Town of Fraser. READ, PASSED, ADOPTED AND ORDERED PUBLISHED BY THE BOARD OF th TRUSTEES AND SIGNED THIS20DAYOF APRIL, 2011. BOARD OF TRUSTEES OF THE TOWN OF FRASER, COLORADO BY: Fran Cook, Mayor ATTEST: (S E A L) Lu Berger, Town Clerk Published in the Middle Park Timeson April 28, 2011. Lu Berger From:Joyce Burford [joyceb@coskitowns.com] Sent:Tuesday, April 05, 2011 9:46 AM Subject:CAST interest in Online Travel Companies (OTCs) Dear CAST Members, I had sent you the below email prior to our March 17 CAST meeting to give you background on the litigation between the City and County of Denver and Online Travel Companies (OTCs), who are not paying lodging and sales tax on their room markups At our March meeting, we discussed the possibility of CAST communities pursuing this issue further, with the help of CML facilitating the discussion along with other Colorado communities who may be interested. If you town is interested in pursuing this further, please contact me and let me know no later than Friday, April 29 . Hopefully this will give you enough to time to discuss with your respective councils. Thanks, Ö±§½»Þ«®º±®¼ Û¨»½«¬·ª»Ü·®»½¬±® Ý±´±®¿¼±ß±½·¿¬·±²±ºÍµ·Ì±©² ÐòÑòÞ±¨îçéí É·²¬»®Ð¿®µôÝÑèðìèî çéðòìèëòîéíé ¶±§½»¾à½±µ·¬±©²ò½±³ Tim, Thank you for your call this morning, and for your invitation to speak at the CAST group about recent developments in the Online Travel litigation. We will plan on seeing you (and the CAST group) at 3:30 on the 17th. In anticipation of our meeting, I am writing to provide you with information about our topic. Online Travel Companies ("OTCs") provide over-night accommodations to the general public through internet transactions. Through agreements with hotels and other providers of lodging, the OTCs obtain rooms at wholesale or discounted rates and then sell to the public at a marked-up retail prices. While hotel owners pay sales and lodging taxes on the wholesale rates paid to them by the OTCs, the OTCs generally do not pay sales or lodging taxes on their mark-up. For example, if an OTC pays $75 for a room, the hotel will pay $8.25 (based on a representative total sales and lodging tax of 11%) in tax. However, when the OTC sells the room to a consumer for $100, it will pay no additional tax. The municipality will lose $2.75 on this transaction (11% of the OTC's $25 mark-up). As an example of what this can mean for a community, based on publicly-available information, Aspen's losses per year exceed $75,000 (before interest and penalties). 1 Over the past several years hundreds of municipalities and other governmental entities have sued OTCs for unpaid taxes. These suits seek retrospective damages, such as back taxes, penalties and interest, as well as prospective relief to prevent future underpayments. In some cases, the OTCs have settled and made substantial payments to governments. A number of others have resulted in assessments or judgments in favor of plaintiff municipalities. My firm currently represents the City and County of Denver in its efforts to collect from the OTCs. We will be jointed on the 17th by a representative of a group of lawyers who represent governments suing OTCs in at least six states. Our collective experience gives us a unique insight into where this litigation currently stands, and where it may be headed. We will provide the group with an overview of municipal claims against OTCs and a report on the status of OTC litigation around the country (including news of favorable recent rulings from the South Carolina Supreme Court and a Maryland federal court (in Baltimore's case). In addition, we will provide an analysis of the lodging tax and revenue loss in CAST member towns, so that your members can determine whether the ongoing litigation. We plan to keep our presentation regarding the status of the litigation short (15 minutes or so) to leave time for questions. Thanks again, Tim. If our presentation was not what you had in mind, please let me know. Otherwise, I look forward to seeing you next week. If you need more information before the 17th please do not hesitate to call. Trey Rogers, Attorney-at-Law Rothgerber Johnson & Lyons LLP | One Tabor Center, Suite 3000 | 1200 Seventeenth Street | Denver, CO 80202 | Direct 303.628.9506 | Main 303.623.9000 | Fax 303.623.9222 E-mail: trogers@rothgerber.com | Website: www.rothgerber.com PLEASE TAKE NOTICE, the information contained in this electronic communication and any document attached hereto or transmitted herewith, including metadata, is attorney-client privileged, work product, private or otherwise confidential, and is intended for the exclusive use of the individual or entity named above. The information transmitted in this e-mail and any attachment is intended only for the personal and confidential use of the intended recipients and is covered by the Electronic Communications Privacy Act, 18 U.S.C. §2510-2521. If the reader of this message is not the intended recipient or the employee or agent responsible for delivering it to the intended recipient, you are hereby notified that any examination, use, dissemination, distribution, or copying of this communication or any part thereof is strictly prohibited. If you have received this communication in error, please immediately notify the sender by telephone or reply e-mail and delete this communication. You are further notified that all personal messages express views solely of the sender which are not to be attributed to Rothgerber Johnson & Lyons LLP and may not be copied or distributed without this disclaimer. 2 K&F,P.C. ISSINGER ELLMAN ATTORNEYS AT LAW PTARMIGAN PLACE, SUITE 900 3773 CHERRY CREEK NORTH DRIVE RICHARD P. KISSINGER DENVER, COLORADO 80209 PAUL D. GODEC KENNETH S. FELLMAN TELEPHONE: (303) 320-6100 SC PECIAL OUNSEL JONATHAN M. ABRAMSON TOLL FREE : 1-877-342-3677 BOBBY G. RILEY FAX: (303) 327-8601 ROBERT E. JAROS NANCY CORNISH RODGERS www.kandf.com 1941 - 2002 M E M O R A N D U M ATTORNEY CLIENT PRIVILEGED TO: Member Communities, Colorado Association of Ski Towns CC: Joyce Burford, Executive Director, Colorado Association of Ski Towns Tim Gagen, Member, Board of Directors, Colorado Association of Ski Towns FROM: Ken Fellman, Esq. Nancy Rodgers, Esq. DATE: March 23, 2011 RE: Terms of Use Agreement with Eye Street Solutions, LLC/VR Compliance, LLC Our firm was asked to assist the Colorado Association of Ski Towns (CAST) in responding to a demand letter it received Home Away, Inc. The demand letter asserted that the vacation rental sales tax software program proposed to One of 1). The CFAA We shared the demand letter with Eye Street. Eye Street assured us that its program does not violate any laws. We wanted to make clear in contract with CAST communities, that the CAST communities were licensed to use the vrcompliance.com program for their lawful investigations of sales tax violations. In addition, we wanted to obtain protection from Eye Street against any lawsuits. Eye Street agreed to indemnify CAST communities that contract with it against any lawsuits that may be brought against the communities related to the use of the program. To effectuate the indemnification, Eye Street proposed adding an indemnification that participating communities will sign. We reviewed the proposed indemnification language in the standard Agreement and exchanged edits with We came to an agreement with Eye Street regarding the indemnification language. However, we informed Eye Street that our edits to the indemnification language did not preclude any community from negotiating its own terms of the CAST March 23, 2011ATTORNEY-CLIENT PRIVILEGED Page 2 Agreement. Therefore, each community and its legal counsel will still have the ability to suggest edits to the Agreement as each community sees fit. Although our feedback to Eye Street pertained to the indemnification provisions in Section 7, we reviewed the entire Agreement and would like to advise the CAST communities and their legal counsels of our concerns with and comments to the Agreement. A copy of the Agreement, with out tracked changes, is enclosed with this memo. We did not share the non- indemnification related concerns with Eye Street, as these other issues have not, to date, been part of our engagement with CAST. The comments below explain in more detail, if needed, the tracked changes on the enclosed Agreement: The Company Name is VR Compliance, LLC and Not Eye Street Solutions, LLC: As you may recall, Eye Street was the company that proposed the project to CAST. VR Compliance, LLC is a new entity created by the principals at Eye Street specifically to address the vrcompliance.com program. VR Compliance, LLC intends to honor all the promises made in the bid proposal on this project and expects to function as Eye Street would have if it kept this project. The key staff members working with the CAST communities will not change. We do not think the change of name is a significant issue. nd Amendments to the Agreement (2 para., page 1): We suggest the removal of the second paragraph on page one, which allows VR Compliance to change the Agreement without notice. Not only is this an inequitable provision, it is also inconsistent with paragraph 11.1, which states, [n]o amendment, waiver or other alteration of this Agreement may be made except by mutual agreement in writing. Mutually agreeable amendments, rather than unilateral changes, are fine. Likewise, we suggestion removing any reference to changes that may para. 2). Prevailing Party Provision (para. 8): The current agreement allows for VR Compliance, but not the community, to recover its costs incurred in enforcing its rights against the community if there is a breach. We suggest an edit that allows the prevailing party in a Expedited Termination Following Unilateral Changes (para. 9.3): Because we suggest removal of VR termination provision in 9.3(4) is no longer needed and can be removed. Governing Law (para. 13): The Agreement currently states that it will be interpreted under the laws of Virginia. When we talked to Dave Atherton from Eye Street, he said Eye Street and its sister companies have contracts all over the nation and they need to be able to rely on one source of law. However, we think it is more appropriate for CAST communities to suggest that Colorado law should control because use of the program will be in Colorado and the properties that the program is identifying are in Colorado. Even if KISSINGER & FELLMAN, P.C. 3773 Cherry Creek North Drive, Suite 900, Denver, CO 80209 (303) 320-6100 FAX: (303) 327-8601 CAST March 23, 2011 ATTORNEY-CLIENT PRIVILEGED Page 3 you were to agree that the Agreement would be governed by Virginia law, we recommend that a provision be added to designate your home county as the appropriate venue for any proceeding brought under the Agreement. In addition to the suggested changes above, there may be changes each community wishes to make to tailor the Agreement to your needs. If you have any questions about the above, please feel free to contact us or have your legal counsel contact us. KISSINGER & FELLMAN, P.C. 3773 Cherry Creek North Drive, Suite 900, Denver, CO 80209 (303) 320-6100 FAX: (303) 327-8601 Terms of Use Agreement VRCompliance LLC(“VRCompliance”), a limited liability company organized and existing under the laws of the Commonwealth of Virginia, provides the vrcompliance.comwebsiteand its various related products and services (collectively, the “System”) to you, the user, (“Licensee,” “You,” “Your”) subject to your compliance with all the terms, conditions, and notices contained or referenced on the System(the “Agreement”), as well as any other written agreement between us and you, includingany Mutual Confidentiality Agreement or Services Purchase Agreement, all of which are expressly incorporated herein. VRComplianceshall have no obligation to provide any services through the Systemuntil You have assented to such services and these Terms of Use through a valid, current, and paid-up Service Purchase Agreement (“SPA”). WHEREAS,VRCompliancehas designed and developed this Internet-accessible System to assist law enforcement agencies Deleted: VRComplianceexpressly reserve the (“Agencies”) of the United States, states thereof, and subdivisions of said states investigatetax and registration compliance right to change the Agreement from time to time without notice to you, though it is our policy to offer throughthe System’s ability to correlate, analyze, and managetax and registration dataprovided overthe Internet; and a summary of material modifications in advance of the effective date of such a change for your review WHEREAS,VRCompliancedesires to grant to Licensee a non-exclusive license for the use of the Systempresently available at and consideration if circumstances allow it. It is the URLhttp://www.vrcompliance.com; and your responsibility to review and familiarize yourself with any updates and alterations to these terms of use. Your continued use of thisSystemafter such WHEREAS,Licensee is a government entity, which may include the United States, states thereof, and subdivisions of said modifications will constitute acknowledgement of states, desiring to investigate tax and registration compliance; and the modified Agreement and assent to abide and be bound by the modified Agreement. Your sole WHEREAS, Licensee desires to obtain from VRCompliancea non-exclusive license for the use of the Systemin connection remedy in the event of issue with any modified Agreement shall be expedited termination as with a lawfully authorized investigationof a law enforcement officer,agency,or governmental employeederiving authority from described herein. ¶ Licensee to acquire information related to compliance with financial laws and regulations;and WHEREAS,VRComplianceis willing to provide certain support services for the System and in training Licensee’s employees in the use of the System subject to the terms of this Agreement. NOW THEREFORE, in consideration of the mutual promises contained herein and other valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, the parties hereto agree as follows: 1.Definitions 1.1. “Licensee” shall meanYou,and Yoursuccessors and assigns. 1.2. “VRCompliance” shall mean VRComplianceLLC, its successors and assigns. 1.3. “System” shall mean the software system(s) currently marketed by VRCompliancefor correlating, analyzing, and managing tax and registration compliance data available at the URLhttp://www.vrcompliance.comand the physical site http://www.vrcompliance.com. 2.License VRCompliancehereby grants, and Licensee hereby accepts, a nontransferable, and non-exclusive license to access and use the System and all related documentation during the term of this Agreement under the price and terms specified in the SPA in current form and as updated from time-to-time. Any rights not expressly granted herein shall be reserved for VRCompliance. The System Deleted: and without notice shall be used only in Licensee’s own business. Licensee shall not permit any third party to use the System except as specifically authorized in writing by VRCompliance. 3.VRComplianceServices 3.1. Training, Installation, and Consulting.VRCompliancemay provide training services in use of the System. Training services shall be provided to the extent agreed upon by the parties according to the terms contained in the Agreement and at the fees set forth in the SPAor as prominently posted on the System. © 2011 VRCompliance LLC 3.2. Software Operation and Maintenance.So long as Licensee is current in payment of the Additional Fees described herein, Comment [n1]: There is no mention of “License, VRComplianceshall provide normal and reasonable operation and maintenance of the System. The correction of System Renewal and Maintenance Fees” described in the Agreement. Change to make consistent with 5 malfunctions (“bugs”) is deemed to be normal and reasonable maintenance. below. Deleted: License Renewal and Maintenance 4.Proprietary Rights and Restrictions on Use 4.1. Description of Proprietary Rights.Licensee recognizes that the System and all related information, including but not limited Comment [n2]: Confirm that this does not to any and all updates, improvements, modifications, and enhancementsrelated to the System, are proprietary, and that all rights include the reports generated for each community by the System. thereto, including copyright, are owned by VRCompliance. Deleted: , and information 4.2. Disclosure.While this Agreement is in effect, or while Licensee has access to the System, Licensee will not provide or make the System available to any person or entity other than employees or agents of Licensee who have a need to know consistent with Licensee’s use thereof under this Agreement; Login credentials (e.g., access information, passwords, etc.) related to the System shallbe securely maintained, under reasonable and customary access and use restrictions. Licensee shall be strictly liable for any unauthorized use of the System pursuant to login credentials related to Licensee. 4.3. Unauthorized Use.Licensee agrees to notify VRComplianceforthwith if it obtains information as to any unauthorized possession, use or disclosure of the System by any person or entity, and further agrees to cooperate with VRComplianceat VRCompliance’s expense, in protecting VRCompliance's proprietary rights. 4.4. Injunctive Relief.In addition to other remedies available to VRCompliance, Licensee agrees that VRComplianceshall be entitled to injunctive relief in the event Licensee breaches this Agreement. 5.Fees and Payments 5.1. License Fees.Licensee shall pay to VRComplianceall applicable fees (“Fees”) specified in the SPA. Such Fees are payable in full upon execution of this License Agreement. 5.2. Additional Fees.Licensee shall pay training, installation and support, and all other fees incurred in addition to the Fees addressed in Section 5.1 at the rates prominently posted on the System. 6.Your Conduct and Warranties 6.1 Inappropriate Behavior.Your use of the Systemis subject to all applicable laws and regulations of your locality, state, nation and other relevant governing bodies. You are solely responsible for the substance and means of your communications to and from the System. By using the Systemor any service or feature that may be available to you on or through the System, you agree that you will not do the following: distribute visual or audible content that is unlawful, threatening, abusive, harassing, defamatory, libelous, deceptive, fraudulent, invasive of another’s privacy, tortious, racist, sexist, profane, containsexplicit or graphic descriptions or accounts of sexual acts (including but not limited to sexual language of a violent or threatening nature directed at another individual or group of individuals), pornographic, or otherwise violates our rules or policies; victimize, harass, degrade, or intimidate an individual or group of individuals on the basis of religion, gender, sexual orientation, race, ethnicity, age, or disability; infringe on any patent, trademark, trade secret, copyright, mask work, right of publicity, or other proprietary right of any party; distribute unauthorized or unsolicited advertising, junk or bulk email (also known as “spamming“), chain letters, short messages (SMS) or any other form of unauthorized solicitation; distribute or expose content that contains software viruses or any other computer code, files, or programs that are designed or intended to disrupt, damage, or limit the functioning of any software, hardware, or telecommunications equipment or to damage or obtain unauthorized access to any data or other information of any third party; participate in any or any form of lottery, sweepstakes, or gambling; impersonate any person or entity, including any of our employees or representatives; © 2011 VRCompliance LLC 2 use your account to breach security of another account or attempt to gain unauthorized access to another network or server; conceal your identity or intentions for the purpose of performing an activity or achieving an objective prohibited under these Terms of Use; or interfere with anyone else’s use and enjoyment of the Systemor other similar services. We may actively monitor this Systemto ensure that your conduct and material is appropriate and consistent with our standards. We neither endorse nor assume liability for the contents of any expressive material uploaded or submitted by third-party users of the System. Although we generally do not pre-screen, monitor, or edit material that may be available on or through this System, we have the right at our sole discretion to remove any content that, in our sole judgment, does not comply with this Agreementor other statement of rules by us. We are not responsible for any failure or delay in removing such content. You hereby consentto such removal and waive any claim against us arising out of such removal of content. 6.2.General Terms.In requesting an account to use the System, you represent and warrant to VRCompliancethat: You are 18 years of age or older; You are a human user (account registration or use by automated methods is not permitted); You will not assert or imply any affiliation with or endorsement by VRCompliancerelating to the conduct of your business; You will not modify, adapt, or “hack” the Systemor SystemServices (or even attempt to do so); You will not make excessive API requests of the System, to be determined by VRCompliancein its sole, subjective discretion; You own or have the right to use or access all material you upload to the System; For expressive materials posted by you on the System meant to be accessible to the public, you warrant to the best of your knowledge that the use, reproduction, distribution, and transmission of the resource at any URLyou post to the System, or any information or materials contained in it, does not: (i) infringe or misappropriate any copyright, patent, trademark, trade secret, or any other proprietary rights of a third party; (ii) violate any criminal laws; (iii) constitute false advertising, unfair competition, defamation, an invasion of privacy, violate a right of publicity; or (vi) violate any other law or regulation of any locality or organization in which you may be lawfully subjected to litigation (collectively, “Violate or Infringe”); and For resources not generally meant to be accessible to the public, or otherwise having restricted access (including company websites restricted to employee use, subscription websites available only to customers, and the like), you strictly warrant that the use, reproduction, distribution, and transmission of the resource at any URLyou post to the System, or any information or materials contained in it, does not Violate or Infringeand that to the best of your knowledge, constructive or actual, any use of the System by you does not Violate any access restriction placed upon you or another party actingunder your direction. 6.3.Additional Terms for Government Use.In requesting a governmental account to use the Systemin an official capacity, you represent and warrant to VRCompliancethat, in addition to the General Terms above:You are authorized touse SystemServices on behalf of a government agency, federal, state, or local government and will only use the SystemServices for proper, authorized governmental functions. 6.4.Warranty of Proper Government Use. Licensee hereby warrants that it is using the Systemsolely in connection with a lawfully authorized investigation of alaw enforcement officer,an agency,or governmental employeederiving authority from Licensee as a governmental bodyto acquire information related to compliance with financial laws and regulations (“Authorized Use”). Indemnification for Licenseeunder this Agreement shall be contingent upon the objective truth of the Authorized Use. Licenseeshall , to the extent permitted by law, provide all documents, papers, things, and testimony necessary to establish, affirm, and reaffirm the objective Truth of the Authorized Use. All such obligations to provide documents, papers, things, and testimony shall be subject to, and covered by,the indemnification of this Agreement. 7.VRComplianceWarranties Comment [n3]: This is the section we reviewed with regard to the indemnification promise by Eye Street. © 2011 VRCompliance LLC 3 7.1. Intellectual Property Warranty.VRCompliancewarrants that, to the best of its knowledge, it is either the sole owner of the System or has the right to sublicense the System and that there are no known infringements or claims of infringement with respect to the patent, copyright or other proprietary rights of third parties. 7.2. Indemnityfor Authorized Uses of the System. a. Scope.VRComplianceagrees to hold harmless and indemnify Licenseeagainst any Damages (as defined in Section7.2(b)) incurred by Licenseewith respect to any Proceeding (as defined in Section 7.2(c)) to which Licenseeis made a party or in which Licenseeis otherwise involved (including, but not limited to, as a witness). b. Indemnified Amounts.IfLicenseeis or is threatened to be made a party to, or is otherwise involved (including, but not limited to, as a witness) in, any Proceeding, VRComplianceshall hold harmless and indemnify Licenseefrom and against any and all losses, claims, damages, costs, expenses and liabilities incurred in connection with investigating, defending, being a witness in, participating in or otherwise being involved in (including on appeal), or preparing to defend, be a witness in, participate in or otherwise be involved in (including on appeal), such Proceeding, including but not limited to reasonable attorneys’ fees, judgments, fines, penalties, amounts paid in settlement, and other expenses (collectively, “Damages”), including all interest, assessments or charges paid or payable in connection with or in respect of such Damages. c. Definition of Proceeding.For purposes of this Agreement, “Proceeding” shall mean any actual, pending, threatened or completed action, suit, claim, investigation, hearing or proceeding (whether civil, criminal, administrative or investigative, and whether formal or informal) in which Licenseeis, has been, or becomes involved, or regarding which Licenseeis threatened to be made a named defendant or respondent, based in whole or in part on or arising out of the fact that Licenseeis using the Systemin a manner authorized by these Terms of Use, whether the basis of such action, suit, claim, investigation, hearing or proceeding is an alleged action or omission by Licensee. “Proceeding” shall not, however, include any action, suit, claim, investigation, hearing or proceeding instituted by or at the direction of Licensee. d. Notifications. i. Promptly after receipt by Licenseeof notice of the commencement (including a threatened assertion or commencement) of any Proceeding, Licenseewillnotify VRCompliance(the “Indemnification Advice”). A failure to notify VRCompliancein accordance with this subsection (d)(i) that materially prejudices VRCompliance’s ability to defend the Proceeding shallrelieve VRCompliancefrom any indemnification obligation under this Agreement.To the extent commercially practicable, the form of the Indemnification Advice shall describe with reasonable specificity the nature of and the basis for the indemnification claim, including any relevant supporting documentation; the identification of all parties and potential witnesses known at that time to Licensee; a description of facts and available evidence known at that time to the Licensee; and a good faithestimate of potential losses associated with the claim. ii. At the same time, or from time to time thereafter, Licenseemay further notify, including requestingpayment or reimbursement by,VRCompliance, by delivery of a supplemental notice (the “Indemnification Claim”),of any amounts associated withany Proceeding for which indemnification is being sought under this Agreement.The form of the Indemnification Claim shall include the content of the initial Indemnification Advice, updated as required, together with an itemized listingof Damages and potential Damages associated with the Proceeding, and a description of the status of the Proceeding, if known. e. Determination of Entitlement.VRComplianceshall indemnify Licenseeagainst all Damageslistedin an Indemnification Claimwithinthirty (30) days ofreceipt,unless during such thirty (30) day period VRCompliancedelivers to Licenseea written notice challengingthatIndemnification Claim (the “Contest Notice”)or a portion thereof, which Contest Notice shall state with particularity the reasons for the challenge and the evidence VRCompliancewould present in any forum in which Licenseemight seek review of such challenge.VRComplianceshall pay any amount not disputed in the Contest Notice. f. Indemnification Contingencies.The failure of Licensee to materially abide by any obligation of this Agreement, particularly, but without limitation, the warranties of Section 6, the defense of claim strictures of Section 7.3, and the notification of Section 7.2(d),shall absolve VRComplianceof any indemnification obligation under this Agreement. 7.3. Defense of Claim. With respect to any Proceeding: a. VRComplianceshall have the right to participate therein at VRCompliance’s own expense and sole discretion. © 2011 VRCompliance LLC 4 b. VRComplianceshall have the right to assume complete control of the defense of any Proceeding at VRCompliance’s own expense and sole discretion, with counsel reasonably satisfactory to Licensee. After assumptionby VRComplianceof the defense thereof, VRComplianceshall not be liableto Licenseeunder this Agreement for any legal fees or other expenses subsequently incurred by Licenseein connection with the defense thereof unless the employment of counsel by Licenseeor the incurring of such expenses is necessary as a result of any conflict of interest or has been authorized by VRCompliance. c. VRComplianceshall not be liable for any amounts paid in settlement of any Proceeding effected without its written consent. d. VRComplianceshall not settle any Proceeding in any manner that would impose any penalty or limitation on Licenseewithout Licensee’s written consent. e. Neither VRCompliancenor Licenseewill unreasonably withhold its or his or her consent to any proposed settlement of any Proceeding. f. In the event that a counterclaim or other right of action against an adverse party in any Proceeding is successful and results in a net positive recovery in the Proceeding, including damages, costs, and fees(less recovery of actual damages to Licensee proven at trial, which shall be paid to Licensee),VRComplianceshall be entitled to retainsuch net positive recovery. 7.4. Partial Indemnification.IfLicenseeis entitled under any provision of this Agreement to indemnification by VRCompliance for some or a portion of any Damages in connection with a Proceeding, but not for the total amount thereof, VRComplianceshall nevertheless indemnify Licenseefor the portion of such Damages to which Licenseeis entitled. 7.5.Performance Warranty.VRCompliancewarrants AS ITS SOLE OPERATIONAL WARRANTY that System shall substantially conform in all material respects, as to all operational features, to VRCompliance’s current specifications as publishedand reasonably revised from time-to-timein VRCompliance’s documentation for the System and that when properly utilized will be free of material defects which adversely affect system performance. The Systemwill be available to Internet users approximately 24 hours a day, except during previously scheduled maintenance windows and unforeseen hardware, software, or communications problems. Maintenance windows will generally occur outside of regular business hours and will generally be announced seven (7) or more days in advance. VRCompliancewill utilize commercially reasonably technologies and procedures for the storage, backup, and redundancy of system data, including that data provided by You and by other parties, for the purposes of restoring system data and normal system function in the event of a failure of a system component. The use of backup data to recoverdata deletedor modified by Licensee is not supported. 7.6.Remedy On Breach of Performance Warranty; Limitation of Liability.The Licensee must notify VRCompliancein writing, within 30daysof recognition, actual or constructive, of anydefect in the System characterized by Licensee as related toits claim of any breach of the warranty set forth in Section 7.5. If VRCompliancedetermines that such breach has occurred, VRCompliance’s sole obligation under this warranty is to remedy such defect in a manner consistent with VRCompliance’s regular business practices which shall mean that for a defect which materially adversely affects the performance of the System (“major defect”), VRComplianceshall use its best efforts to cure such defect assoon as reasonably practicable after receipt of Licensee’s notice, and that for minor defects, VRComplianceshall use its best efforts to correct such minor defects in the next release of its System; provided, however, that if VRComplianceis unable to cure a major defect within 30days of receipt of Licensee’s notice, Licensee shall have the option to terminate this Agreement whereupon VRCompliance’s sole obligation shall be to refund only the System license fees paid hereunderfor any time period during which Licensee has not used (in the case of any fees paid in advance) or could not use (in the case of a breach) the System. 7.7Use Warranty:VRCompliance warrants that, to the best of its knowledge, Licensee’s use of the System in a manner authorized by this Agreement does not (i) infringe or misappropriate any copyright, patent, trademark, trade secret, or any other proprietary rights of a third party; (ii) violate any criminal laws; (iii) constitute false advertising, unfair competition, defamation, an invasion of privacy, violate a right of publicity; or (vi) violate any other law or regulation of any locality or organization in which you may be lawfully subjected to litigation THE WARRANTIES SET FORTH IN THIS SECTION 7 ARE IN LIEU OF ALL OTHER REPRESENTATIONS AND WARRANTIES, EXPRESS OR IMPLIED, INCLUDING WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE AND ANY OTHER STATUTORY OR COMMON-LAW WARRANTY. VRCOMPLIANCEAND ITS SUPPLIERS ON THEIR BEHALF HEREBY EXPRESSLY DISCLAIM AND EXCLUDEANY AND ALL SUCH © 2011 VRCompliance LLC 5 OTHER REPRESENTATIONS AND WARRANTIES..EXCEPT AS DESCRIBED IN SUBSECTIONS 7.2-7.4AND HEREIN, LIABILITY OF VRCOMPLIANCEAND ITS SUPPLIERS TO LICENSEE, IF ANY, FOR BREACH OF WARRANTY ARISING OUT OF CONTRACT, NEGLIGENCE OR STRICT LIABILITY IN TORT, OR ANY OTHER CLAIM RELATING TO THIS AGREEMENT SHALL BE LIMITED TO THE TOTAL AMOUNT OF SOFTWARE LICENSE FEES PAID BY LICENSEE TO VRCOMPLIANCE. IN NO EVENT SHALL VRCOMPLIANCEBE LIABLE FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES, LOSS OF BUSINESS OR PROFITS, SPECIAL OR INDIRECT DAMAGES OF ANY NATURE WHATSOEVER 7.8Right to Replace and Modify System.If all or any part of the System is, or in the opinion of VRCompliancemay become, the subject of a Proceeding,VRCompliancemayat its expense promptly, either (i) replace the System with a compatible, functionally equivalent, lawfully-compliant System, (ii) modify the System or take other action so that the System becomes non- infringingor compliant with applicable laws, or (iii) procure the right of Licensee to continue using the System, all without any additional cost to Licensee. 8.Relationship 8.1. Independent Contractor.VRComplianceand Licensee will be and shall act as an independent contractor and not as an agent or partner of, or joint venture with the other party for any purpose and neither party by virtue of this Agreement shall have any right, power, or authority to act or create any obligation, express or implied, on behalf of the other party. 8.2. Expenses.Except as otherwise provided herein, or as may hereafter be established by an agreement in writing executed by the parties hereto, all expenses incurred by each party in performing its obligations hereunder shall be borne by the party incurring the expense; except that in the event either party commences an action, suit, claim, hearing or proceeding of any type to Deleted: of a breach of enforce its rights under this Agreement,the prevailing party shall be entitled to all costsincurred in such action, suit, claim, Deleted: by Licensee, VRCompliance hearing or proceeding, including reasonable attorneys’ fees. Deleted: of collection and enforcing its rights hereunder 9. Duration and Term 9.1. Term.Unless sooner terminated pursuant to other terms of this Agreement, this Agreement shall be the term period specified inthe SPA unless earlier terminated under this Section 9. 9.2. Default, Bankruptcy.This Agreement and the license created hereby may, at VRCompliance’s sole option, terminate and any and all rights granted to Licensee hereunder shallexpire; (1) Upon 15days’ written notice to Licensee that it, its officers, employees or agents violatedany provision of this Agreement, including, but not limited to confidentiality and payment provisions; or (2) Should Licensee, its successors or permitted assigns, suspend business, make an absolute assignment of the bulk of its assets for the benefit of creditors, consent to the appointment of a trustee, custodian or receiver, or be declared insolvent or bankrupt; or if a trustee, custodian or receiver is appointed for Licensee for a substantial part of its property without its consent and is not discharged within 30days of such appointment; or if bankruptcy, reorganization, arrangement, insolvency, or liquidation proceedings are instituted by or against Licensee and are not dismissed within 30days of the commencement thereof. 9.3 Expedited Termination. A party may terminate this Agreement for cause. (1) VRCompliancemay terminate the Agreement with Licensee uponseven days notice to Licensee upon Licensee’s material failure to perform any obligation or respect any condition of this Agreementthat is not cured within such seven day notice period. (2) Licensee may terminate the Agreement with VRComplianceupon VRCompliance’s material breach of the Warrantiesof Sections7.5and 7.7 pursuant to the conditions of Section 7.6. (3)Licensee may terminate the Agreement with VRComplianceafter seven days notice to VRComplianceupon VRCompliance’s material failure to perform any obligation or respect any condition of this Agreementnot covered under Section 9.3(2) that remains uncured within such seven day notice period. © 2011 VRCompliance LLC 6 9.4.Obligations Upon Termination. Deleted: (4) Licensee may terminate the Agreement with VRComplianceafter seven days notice to VRCompliancewithin seven days of (1) In the event of termination by reason of the Licensee’s failure to comply with any provision of this Agreement, or upon any modification of the present Agreement, when such act which shallgive rise to VRCompliance’s right to terminate, VRComplianceshall have the right, at any time, to terminate the modification materially and detrimentally affects license(s). Termination under this paragraph shall not relieve Licensee of its obligations regarding confidentiality contained in Licensee’s business operations generally or itslegal this Agreement. relationship with VRComplianceand if VRCompliancedoes not offer a commercially reasonable accommodation during such seven day (2) Without limiting any of the above provisions, in the event of termination as a result of Licensee’s failure to comply with any cure period that obviates the material and detrimental of its obligations under this Agreement, Licensee shall continue to be obligated for any payments due. Termination of the effects of said modification.Any notice provided to license(s) shall be in addition to and not in lieu of any additional remedies available to VRCompliance. VRComplianceunder this Section 9.3(4) shall state with great particularity the material and detrimental effects of such modification.Your sole remedy upon 10.Notices termination under this Section 9.3(4) shall be a pro rata refund of Fees paid. ¶ Notices,correspondence, and invoicingrelated to this Agreement shall occur by electronic mail and shall be deemed to have been deliveredupon transmission by e-mail. Notice shall be sent to VRComplianceto the electronic mail address indicated on the System as expressly designated for notices. Licensee shall be obligated to maintain in its access credentials electronic mail addresses,whichwill be used to receive notices under this Agreement. Comment [n4]: Suggest Cities have option to designate a specific address/person on the SPA. 11.Complete Agreement 11.1. Complete Agreement; Amendments.This Agreement, together with all documents incorporated herein by reference (including SPAsandMutual Confidentiality Agreements), constitutes the complete and exclusive statement of the Agreement Comment [n5]: Only wish to reference those between the parties hereto and supersedes any and all prior express or implied agreements or understandings between the parties docs we have seen incorporated into the Agreement. hereto concerning the subject matter hereof. No amendment, waiver or other alteration of this Agreement may be made except by Deleted: all notices, terms, mutual agreement in writing. Deleted: ,and provisions of the Systemand attached Schedules hereto 11.2. Partial Invalidity.If any provision of this Agreement shall be held to be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not be affected thereby. 12.Restrictions on Transfer This Agreement shall not be assigned, sublicensed or in any other manner transferred to anyother person or entity by Licensee without the prior written consent of VRCompliance. 13.Governing Law This Agreement shall be construed in accordance with the laws of the State of Colorado. Comment [n6]: Colorado law should control. If you agree that Virginia law controls, we suggest adding a venue provision that identifies your home 14.Headings county as the place for any litigation. The various headings in this Agreement are inserted for convenience only, and shall not affect the meaning or interpretation of Deleted: Commonwealth of Virginia this Agreement or any paragraph or provision hereof. Signature Block Comment [n7]: Agreement should be executed by the parties.VR Compliance has taken the position that the SPA is signed and the Terms of Use Agreement is merely an exhibit to the SPA. Each community needs to ensure that its negotiated TOU is the Exhibit 1 attached to the SPA. © 2011 VRCompliance LLC 7 March 24, 2011 Honorable Nick Teverbaugh Mayor Town of Winter Park 9.O. Box 3327 Winter Park, C0 80482 Dear Mayor Teverbaugh: »mL. ROAD PASSE mGamcowran 0 00 maoamv 20002 ter 202 900..3960 fax 202 906.2,850 Joseph H. Boardnan Pres delit end Chief Executive Officer r ~~~V� 0 w� I am writing to invite you "All Aboard" to participate in the fourth annual National Train Day wh ch will be held on May 7, 2011, to promote and celebrate rail travel as an integral part of the current and future national transportation system and in recognition of the rich tradition of rail in your community. More than 185 local celebrations took place in 2010. Some of these locally-sponsored events ranged from open houses at the train station with cake and cookies or having a rail historian speak at your local library or to large coordinated events with local musicians, train displays, activities for children, and promotions at local restaurant This year we hope to continue to expand our reach, and we welcorne your assistance in this endeavor. E This year is also a very special one for Amtrak, as we prepare to celebrate our 40"' year as America's Railroad. It's getting harder and harder to keep track of the banner years, but we closed out FY 2010 with records for ridershi and revenue, and both continue to grow. We are coming into our seventeenth month of year-over-year growth, and the demand for our service demonstrates the interest the public continues to take in Amtrak. We are excited about the opportunities we see for growth and improvement in America's high-speed and intercity passenger rail system, and we recently announced our plans to improve access to New York from New Jersey the fis<step toward the realization of the visionary NcntGuu High Speed Raif program we unveiled last year. We have also been working on cornpleting more than $|.3 billion iu projects that were funded by the Aaowri000RecovoryuodRolovrubncot(\otuoonsmoursya1crnuod throughout our fleet. We are pleased with the results, and we hope that you will be too, because they are designed to improve capacity, comfort, and accessibility to our passengers across America. k orafn Honorable Nick Teverbaugh March 24,2n// Page 2 Amtrak serves more than 500 destinations in 46 states on a 21,000 route-mile system. From major metropolitan areas to small rura towns, tens ofmillions of Arnericans rely on trains for their transportation needs. National Train Day can be a catalys for your own community to recognize its role in th national rail system. By hosting your own National Train D event, you will be taking part in a truly national affair that will be supported by our promotional campaign, including media outreach and advertising. Through your local rail station, your comrnunity is an important extension of our servi and we are committed to making improvements wherever possible. We have consulted with mayors around the country who have invested in their train stations to make them engines of economic growth while serving as iconic symbols ofthe community's heritage. Wel! planned stations can serve as highly visible hubs of civic activities while bringing jobs, commerce, and positive economic travelers and tourists to your area. If you are interested in renovating your station, visit www.GreatAmericanStations.com for information on how to get started. On May we will sponsor four events in some of our busiest stations, "calling all kids young and old" to join us for fes b/diom in Washington, DC, Philadelphia, Los Angeles, and Chicago. am hopeful that you will be able to plan a local event in your own community to expand the day's reach and meaning. For more details on events and ideas for how your community can get involved, please visit www.NationalTrainDay.corn. If you have further questions or need additional information, please contact Rob Eaton at (510) 627-2014 or Robert.Eaton@amtrak.com. Thank you for being an Amtrak community, and we look forward to your participation in our recognition of the 40 Anniversary of America's Railroad and the 2011 National Train Day. Sincerely, Jo ph H. Boardman President and Chief Executive 0fficer Clerks Briefing April 20, 2011 Liquor License: Los Nopales has been in contact with me and are in the process of gathering all the documents needed to move forward with a liquor license. When I receive their completed packet, I will forward it onto the Board. The Board retreat is just around the corner. Please forward any requests you may have for that day, regarding topics of discussion, food, beverages etc. We are in the process of getting the audio/visual components set up for the meeting. We’re hopeful these will help the public connect with our meetings. As always, feel free to contact me with any questions. Lu Town of Fraser Sales Tax Report - Actual Collections 20082009 $ Amt +/- % +/-20092010 $ Amt +/- % +/-20102011 $ Amt +/- % +/- Jan$186,263$154,114-32,149-20.86$154,114$134,819-19,295-14.31$134,819$139,7334,9143.52 Feb$162,236$150,523-11,714-7.78$150,523$149,114-1,409-0.94$149,114$132,193-16,921-12.80 March$188,669$165,135-23,534-14.25$165,135$158,524-6,611-4.17$158,524$0-158,524#DIV/0! April$120,135$115,587-4,549-3.94$115,587$98,990-16,596-16.77$98,990$0-98,990#DIV/0! May$98,722$88,365-10,356-11.72$88,365$83,459-4,906-5.88$83,459$0-83,459#DIV/0! June$136,269$115,639-20,630-17.84$115,639$110,052-5,587-5.08$110,052$0-110,052#DIV/0! July$154,461$142,486-11,975-8.40$142,486$140,260-2,226-1.59$140,260$0-140,260#DIV/0! Aug$219,285$139,446-79,839-57.25$139,446$123,224-16,222-13.16$123,224$0-123,224#DIV/0! Sept$120,035$127,1867,1515.62$127,186$104,069-23,117-22.21$104,069$0-104,069#DIV/0! Oct$101,520$114,35712,83611.22$114,357$91,135-23,222-25.48$91,135$0-91,135#DIV/0! Nov$109,072$133,18124,10918.10$133,181$149,24716,06610.76$149,247$0-149,247#DIV/0! Dec$211,311$199,016-12,295-6.18$199,016$183,171-15,845-8.65$183,171$0-183,171#DIV/0! Total$1,807,979$1,645,035-162,944-9.01$1,645,035$1,526,065-118,970-7.23$1,526,065$271,926-1,254,139-82.18 Budget$1,600,000$1,600,00000.00$1,600,000$1,600,00000.00$1,600,000$1,550,000-50,000-3.23 Amt +/-$207,979$45,035$45,035-$73,935-$73,935-$1,278,074 % +/-13.002.812.81-4.62-4.62-82.46 Town of Fraser Sales Tax Report - Adjusted Collections 20082009 $ Amt +/- % +/-20092010 $ Amt +/- % +/-20102011 $ Amt +/- % +/- Prev Yr$3,534$7,3533,81951.94$7,353$10,4473,09429.62$10,447$17,6507,20340.81 Jan$187,135$153,970-33,165-21.54$153,970$139,519-14,451-10.36$139,519$123,789-15,730-12.71 Feb$161,852$153,869-7,983-5.19$153,869$141,138-12,731-9.02$141,138$130,487-10,651-8.16 March$186,160$170,063-16,097-9.47$170,063$157,146-12,917-8.22$157,146$0-157,146#DIV/0! April$120,788$105,165-15,623-14.86$105,165$100,453-4,712-4.69$100,453$0-100,453#DIV/0! May$99,539$88,594-10,945-12.35$88,594$83,629-4,965-5.94$83,629$0-83,629#DIV/0! June$136,905$116,422-20,483-17.59$116,422$112,008-4,414-3.94$112,008$0-112,008#DIV/0! July$157,385$145,896-11,489-7.87$145,896$141,137-4,759-3.37$141,137$0-141,137#DIV/0! Aug$160,929$155,951-4,978-3.19$155,951$120,760-35,191-29.14$120,760$0-120,760#DIV/0! Sept$130,773$116,561-14,212-12.19$116,561$111,732-4,829-4.32$111,732$0-111,732#DIV/0! Oct$143,252$108,450-34,802-32.09$108,450$95,341-13,109-13.75$95,341$0-95,341#DIV/0! Nov$109,303$89,263-20,040-22.45$89,263$134,60845,34533.69$134,608$0-134,608#DIV/0! Dec$210,424$233,47823,0549.87$233,478$178,147-55,331-31.06$178,147$0-178,147#DIV/0! Total$1,807,979$1,645,035-162,944-9.01$1,645,035$1,526,065-118,970-7.23$1,526,065$271,926-1,254,139-82.18 Budget$1,600,000$1,600,00000.00$1,600,000$1,600,00000.00$1,600,000$1,550,000-50,000-3.23 Amt +/-$207,979$45,035$45,035-$73,935-$73,935-$1,278,074 % +/-13.002.812.81-4.62-4.62-82.46 ASSETS 40 -10210 JFOC CHECKING 0318047507 40 -10215 MONEY MARKET O &M RESERVE 40 -10220 COLOTRUST 8006 -CAP REPLACEMENT 40 -10410 MONEY MARKET CAP REPLACEMENT 40 -10420 CDARS 1010072448 CAP REPL 40 -10430 CDARS 1011238323 CAP REPL 40 -11550 A/R WPR 40 -11560 A/R GC #1 40 -11570 A/R TOF LIABILITIES AND EQUITY LIABILITIES 40 -20910 JFOC CAP REPLACEMENT RESERVE 40 -20920 JFOC O &M RESERVE FUND EQUITY FOR ADMINISTRATION USE ONLY TOF JOINT FACILITIES FUND BALANCE SHEET MARCH 31, 2011 JOINT FACILITIES FUND 109,441.09 52, 521.54 378,294.08 50,979.01 924,489.68 931,492.43 14,059.74 22,398.62 12,023.51 TOTAL ASSETS 2,495,699.70 TOTAL LIABILITIES 2,493,375.20 UNAPPROPRIATED FUND BALANCE: REVENUE OVER EXPENDITURES YTD 2,324.50 BALANCE CURRENT DATE TOTAL FUND EQUITY TOTAL LIABILITIES AND EQUITY 2,279,224.99 214,150.21 2,324.50 2,324.50 2,495,699.70 25 OF THE FISCAL YEAR HAS ELAPSED 04/12/2011 11:13AM PAGE: 1 REVENUE TOTAL FUND REVENUE FOR ADMINISTRATION USE ONLY TOF JOINT FACILITIES FUND REVENUES WITH COMPARISON TO BUDGET FOR THE 3 MONTHS ENDING MARCH 31, 2011 JOINT FACILITIES FUND PERIOD ACTUAL YTD ACTUAL BUDGET UNEARNED PCNT 40 -30 -100 INTEREST O &M ACCOUNTS 62.64 200.14 500.00 299.86 40.0 40 -30 -200 O &M REIMBURSEMENT WPR 14,059.74 31,664.15 213,632.00 181,967.85 14.8 40 -30 -205 CAPITAL REIMBURSEMENT WPR .00 .00 73,381.00 73,381.00 .0 40 -30 -210 O &M REIMBURSEMENT GC #1 22,398.62 50,413.96 335,396.00 284,982.04 15.0 40 -30 -215 CAPITAL REIMBURSEMENT GC #1 .00 .00 94,082.00 94,082.00 .0 40 -30 -220 O &M REIMBURSEMENT TOF 12,023.51 27,109.92 183,899.00 156,789.08 14.7 40 -30 -225 CAPITAL REIMBURSEMENT TOF .00 .00 86,538.00 86,538.00 .0 40 -30 -800 INTEREST CAP RES ACCOUNTS 1,889.13 5,496.35 20,000.00 14,503.65 27.5 40 -30 -999 CARRYOVER BALANCE .00 .00 260,827.00 260,827.00 .0 TOTAL REVENUE 50,433.64 114,884.52 1,268,255.00 1,153,370.48 9.1 50,433.64 114, 884.52 1,268,255.00 1,153,370.48 9.1 25 OF THE FISCAL YEAR HAS ELAPSED 04/12/2011 11:13AM PAGE: 2 PLANT EXPENDITURES TOF JOINT FACILITIES FUND EXPENDITURES WITH COMPARISON TO BUDGET FOR THE 3 MONTHS ENDING MARCH 31, 2011 JOINT FACILITIES FUND PERIOD ACTUAL YTD ACTUAL BUDGET UNEXPENDED PCNT 40 -85 -110 SALARIES 12,559.07 37,477.20 168,000.00 130,522.80 22.3 40 -85 -210 HEALTH INSURANCE 2,319.69 7,134.06 43,221.00 36,086.94 16.5 40 -85 -220 FICA TAX 926.67 2,764.71 12,582.00 9,817.29 22.0 40 -85 -230 RETIREMENT 502.36 1,499.08 6,720.00 5,220.92 22.3 40 -85 -250 UNEMPLOYMENT TAX 37.68 112.44 504.00 391.56 22.3 40 -85 -280 TRAINING PROGRAMS 400.00 400.00 2,000.00 1,600.00 20.0 40 -85 -290 TRAVEL MEALS AND LODGING 195.78 305.94 2,000.00 1,694.06 15.3 40 -85 -295 MEALS LOCAL BUSINESS .00 .00 200.00 200.00 .0 40 -85 -310 LEGAL FEES 800.50 1,802.16 6,000.00 4,197.84 30.0 40 -85 -320 AUDIT FEE .00 .00 7,500.00 7,500.00 .0 40 -85 -330 ENGINEERING FEES 2,033.57 2,033.57 30,000.00 27,966.43 6.8 40 -85 -350 SLUDGE REMOVAL 6,716.85 11,147.20 65,000.00 53,852.80 17.2 40 -85 -370 PROFESSIONAL SERVICES 232.00 696.00 36,500.00 35,804.00 1.9 40 -85 -410 BANK CHARGES .00 .00 100.00 100.00 .0 40 -85 -430 INSURANCE PLANT .00 .00 25,000.00 25,000.00 .0 40 -85 -460 PLANT MAINTENANCE AND REPAIR 3,523.88 3,922.25 40,000.00 36,077.75 9.8 40 -85 -475 GROUNDS MAINTENANCE .00 .00 2,000.00 2,000.00 .0 40 -85 -480 EQUIPMENT RENTAL .00 .00 500.00 500.00 .0 40 -85 -490 PROFESSIONAL MEMBERSHIPS .00 .00 500.00 500.00 .0 40 -85 -500 OPERATING SUPPLIES 865.78 1,211.48 20,000.00 18,788.52 6.1 40 -85 -506 OPERATING SUPPLIES CHEMICALS 4,371.39 12,611.69 65,000.00 52,388.31 19.4 40 -85 -510 EQUIPMENT PURCHASE AND REPAIR 95.05 889.40 20,000.00 19,110.60 4.5 40 -85 -520 TESTING 4,074.50 6,587.58 37,000.00 30,412.42 17.8 40 -85 -525 PERMITS .00 .00 25,000.00 25,000.00 .0 40 -85 -560 UTILITIES TELEPHONE 196.46 542.99 5,500.00 4,957.01 9.9 40 -85 -562 UTILITIES ELECTRICITY 7,273.95 14,824.40 90,000.00 75,175.60 16.5 40 -85 -565 UTILITIES NATURAL GAS 619.97 1,925.42 9,000.00 7,074.58 21.4 40 -85 -567 UTILITIES PLANT GENERATOR 240.41 240.41 2,500.00 2,259.59 9.6 40 -85 -569 UTILITIES TRASH REMOVAL 141.71 425.13 3,500.00 3,074.87 12.2 40 -85 -650 VEHICLE EXPENSES 354.60 634.91 6,000.00 5,365.09 10.6 40 -85 -690 MISCELLANEOUS EXPENSE .00 .00 1,000.00 1,000.00 .0 40 -85 -730 CAPITAL PROJECTS .00 .00 330,000.00 330,000.00 .0 40 -85 -930 CAPITAL RESERVE PROJECTS .00 3,372.00 20,000.00 16,628.00 16.9 TOTAL PLANT EXPENDITURES 48,481.87 112,560.02 1,082,827.00 970,266.98 10.4 FOR ADMINISTRATION USE ONLY TOTAL FUND EXPENDITURES 48,481.87 112,560.02 1,082,827.00 970,266.98 10.4 NET REVENUE OVER EXPENDITURES 1,951.77 2,324.50 185,428.00 183,103.50 1.3 25 OF THE FISCAL YEAR HAS ELAPSED 04/12/2011 11:13AM PAGE: 3 COMBINED CASH ACCOUNTS 01 -10200 GENERAL CHECKING #878 000884 01 -10220 GENERAL CO -01- 0160 -8001 TOTAL COMBINED CASH 01 -10100 CASH ALLOCATED TO OTHER FUNDS CASH ALLOCATION RECONCILIATION 10 ALLOCATION TO GENERAL FUND 20 ALLOCATION TO CONSERVATION TRUST FUND 30 ALLOCATION TO CAPITAL EQUIP REPLACEMENT FUND 32 ALLOCATION TO CAPITAL ASSET FUND 40 ALLOCATION TO DEBT SERVICE FUND 50 ALLOCATION TO WATER FUND 55 ALLOCATION TO WASTEWATER FUND 70 ALLOCATION TO PETERSEN TRUST TOTAL ALLOCATIONS TO OTHER FUNDS ALLOCATION FROM COMBINED CASH FUND 01 -10100 FOR ADMINISTRATION USE ONLY TOWN OF FRASER COMBINED CASH INVESTMENT MARCH 31, 2011 34,430.06 6,736,391.12 6,770,821.18 6,770,821.18) TOTAL UNALLOCATED CASH .00 3,128,505.02 49,759.38 303,064.02 150,644.55 707,412.27 367,300.87 2,046,376.07 17, 759.00 6,770,821.18 6,770,821.18) ZERO PROOF IF ALLOCATIONS BALANCE .00 25 OF THE FISCAL YEAR HAS ELAPSED 04/12/2011 11:41AM PAGE: 1 ASSETS TOWN OF FRASER BALANCE SHEET MARCH 31, 2011 GENERAL FUND 10 -10100 CASH COMBINED FUND 3,128,505.02 10 -11100 PROPERTY TAXES RECEIVABLE 268,139.00 10 -11550 ACCTS REC BILLINGS 76,550.74 10 -12000 ALLOWANCE FOR DOUBTFUL ACCTS. 24,765.80) 10 -13055 DUE FROM WASTEWATER FUND 114.98) TOTAL ASSETS 3,448,313.98 LIABILITIES AND EQUITY LIABILITIES 10 -20790 DUE TO FRASER SANITATION DIST 114.98) 10 -21730 STATE WITHHOLDING PAYABLE 2,448.00 10 -21740 UNEMPLOYMENT TAXES PAYABLE 577.06 10 -21760 HEALTH INSURANCE PAYABLE 15,949.95) 10 -21773 DEPENDENT CARE PAYABLE 1,746.25) 10 -21775 FLEX HEALTH PLAN PAYABLE 10,719.76 10 -22210 DEFERRED TAXES 268,139.35 10 -22920 SUBDIVISION IMP SECURITY DEP 79,277.56 10 -22930 DRIVEWAY PERMIT SURETY 3,000.00 10 -22940 PRE ANNEXATION DEPOSIT BPR 10,000.00 TOTAL LIABILITIES 356,350.55 FUND EQUITY 10 -27000 RESFUND BAL SAVINGS 750,000.00 10 -27100 RESTRICTED FUND BALANCE 223,805.00 UNAPPROPRIATED FUND BALANCE: 10 -29800 FUND BALANCE BEGINNING OF YR REVENUE OVER EXPENDITURES YTD BALANCE CURRENT DATE TOTAL FUND EQUITY TOTAL LIABILITIES AND EQUITY FOR ADMINISTRATION USE ONLY 2,228,062.26 109,903.83) 2,118,158.43 3,091,963.43 3,448,313.98 25 OF THE FISCAL YEAR HAS ELAPSED 04/12/2011 11:41AM PAGE: 2 TAXES 10 -31 -100 GENERAL FUND PROPERTY TAX 77,409.58 93,400.86 250,000.00 156,599.14 37.4 10 -31 -200 SPECIFIC OWNERSHIP TAX 861.83 1,574.50 8,000.00 6,425.50 19.7 10 -31 -300 MOTOR VEHICLE TAX 335.00 622.00 4,000.00 3,378.00 15.6 10 -31 -400 TOWN SALES TAX 139,733.17 139,733.17 1,550,000.00 1,410,266.83 9.0 10 -31 -410 USE TAX- BUILDING MATERIALS .00 832.00 15,000.00 14,168.00 5.6 10 -31 -420 USE TAX MOTOR VEHICLE SALES 8,065.68 8,065.68 20,000.00 11,934.32 40.3 10 -31 -430 STATE CIGARETTE TAX 415.52 415.52 6,500.00 6,084.48 6.4 10 -31 -800 FRANCHISE FEES 3,560.25 3,560.25 40,000.00 36,439.75 8.9 TOTAL TAXES LICENSES PERMITS 10 -32 -100 BUSINESS LICENSE FEES 10 -32 -110 LIQUOR LICENSE FEES TOTAL LICENSES PERMITS CHARGES FOR SERVICES 10 -34 -100 ANNEXATION FEES .00 .00 1,000.00 1,000.00 .0 10 -34 -110 ZONING FEES 16,921.45 16,921.45 1,500.00 15,421.45) 1128.1 10 -34 -120 SUBDIVISION FEES .00 900.00 1,500.00 600.00 60.0 10 -34 -130 MISCELLANEOUS PLANNING FEES .00 370.00 1,000.00 630.00 37.0 TOTAL CHARGES FOR SERVICES MISCELLANEOUS REVENUE 10 -36 -100 INTEREST EARNINGS 377.86 1,177.49 8,000.00 6,822.51 14.7 10 -36 -300 RENTAL INCOME 1,400.00 3,765.00 9,000.00 5,235.00 41.8 10 -36 -610 REIMBURSABLE PROF SERVICES 2,285.77) 2,688.35 75,000.00 72,311.65 3.6 10 -36 -900 MISCELLANEOUS REVENUE 6,622.00 22,019.51 35,000.00 12,980.49 62.9 TOTAL MISCELLANEOUS REVENUE 6,114.09 29,650.35 127,000.00 97,349.65 23.4 OTHER SOURCES TRANSFERS 10 -39 -900 TRANSFERS IN FROM OTHER FUNDS 10 -39 -999 CARRYOVER BALANCE TOTAL OTHER SOURCES TRANSFERS TOTAL FUND REVENUE 253,539.07 FOR ADMINISTRATION USE ONLY TOWN OF FRASER REVENUES WITH COMPARISON TO BUDGET FOR THE 3 MONTHS ENDING MARCH 31, 2011 GENERAL FUND PERIOD ACTUAL YTD ACTUAL BUDGET UNEARNED PCNT 230,381.03 248,203.98 1,893,500.00 1,645,296.02 13.1 .00 160.00 13,000.00 12,840.00 1.2 122.50 698.75 1,500.00 801.25 46.6 122.50 858.75 14,500.00 13,641.25 5.9 16,921.45 18,191.45 5,000.00 13,191.45) 363.8 .00 .00 50,000.00 50,000.00 .0 .00 .00 2,167,405.00 2,167,405.00 .0 .00 .00 2,217,405.00 2,217,405.00 .0 296,904.53 4,257,405.00 3,960,500.47 7.0 25 OF THE FISCAL YEAR HAS ELAPSED 04/12/2011 11:41AM PAGE: 3 TOWN BOARD TOTAL TOWN BOARD FOR ADMINISTRATION USE ONLY TOWN OF FRASER EXPENDITURES WITH COMPARISON TO BUDGET FOR THE 3 MONTHS ENDING MARCH 31, 2011 GENERAL FUND PERIOD ACTUAL YTD ACTUAL BUDGET UNEXPENDED PCNT 10 -41 -110 SALARIES 6,190.00 6,690.00 26,000.00 19,310.00 25.7 10 -41 -220 FICA TAX 473.55 511.80 1,989.00 1,477.20 25.7 10 -41 -280 TRAINING PROGRAMS .00 .00 2,000.00 2,000.00 .0 10 -41 -290 TRAVEL, MEALS AND LODGING 132.09 253.18 3,000.00 2,746.82 8.4 10 -41 -295 MEALS AND ENTERTAINMENT 276.16 431.45 6,000.00 5,568.55 7.2 10 -41 -690 MISCELLANEOUS EXPENSE .00 80.00 2,500.00 2,420.00 3.2 10 -41 -860 GRANTS AND AID TO AGENCIES .00 .00 2,500.00 2,500.00 .0 10 -41 -861 INTERGOVERNMENTAL AGREEMENTS 4,500.00 4,500.00 15,000.00 10,500.00 30.0 10 -41 -862 FRASER/WINTER PARK POLICE DEPT 94,584.00 94,584.00 375,000.00 280,416.00 25.2 10 -41 -863 STREET LIGHTING AND SIGNALS 1,130.69 2,270.13 18,000.00 15,729.87 12.6 10 -41 -864 SPECIAL EVENTS .00 .00 10,000.00 10,000.00 .0 10 -41 -866 WOOD STOVE REBATES .00 .00 1,000.00 1,000.00 .0 10 -41 -867 CHAMBER OF COMMERCE IGA .00 .00 51,615.00 51,615.00 .0 10 -41 -868 WINTER SHUTTLE IGA 9,423.05 18,809.01 48,000.00 29,190.99 39.2 10 -41 -870 BUSINESS DIST STREETSCAPE .00 415.00 .00 415.00) .0 10 -41 -871 BUSINESS ENHANCEMENT PROGRAMS .00 1,904.00 15,000.00 13,096.00 12.7 116,709.54 130,448.57 577,604.00 447,155.43 22.6 25 OF THE FISCAL YEAR HAS ELAPSED 04/12/2011 11:41AM PAGE: 4 ADMINISTRATION TOTAL ADMINISTRATION FOR ADMINISTRATION USE ONLY TOWN OF FRASER EXPENDITURES WITH COMPARISON TO BUDGET FOR THE 3 MONTHS ENDING MARCH 31, 2011 GENERAL FUND PERIOD ACTUAL YTD ACTUAL BUDGET UNEXPENDED PCNT 10 -45 -110 SALARIES 14,578.99 43,736.96 215,250.00 171,513.04 20.3 10 -45 -210 HEALTH INSURANCE 2,557.81 7,673.43 40,482.00 32,808.57 19.0 10 -45 -220 FICA TAX 1,030.84 3,092.52 16,467.00 13,374.48 18.8 10 -45 -230 RETIREMENT 572.38 1,717.14 8,610.00 6,892.86 19.9 10 -45 -250 UNEMPLOYMENT TAX 43.72 131.16 646.00 514.84 20.3 10 -45 -280 TRAINING PROGRAMS 10.00 235.00 4,000.00 3,765.00 5.9 10 -45 -290 TRAVEL, MEALS AND LODGING .00 .00 4,000.00 4,000.00 .0 10 -45 -295 MEALS AND ENTERTAINMENT 288.14 627.93 3,000.00 2,372.07 20.9 10 -45 -310 LEGAL FEES 5,920.00 11,661.22 50,000.00 38,338.78 23.3 10 -45 -320 AUDIT FEES .00 .00 18,000.00 18,000.00 .0 10 -45 -330 ENGINEERING FEES 96.00 576.00 5,000.00 4,424.00 11.5 10 -45 -360 COMPUTERS NETWORKS AND SUPPORT 1,754.10 6,393.39 30,000.00 23,606.61 21.3 10 -45 -370 OTHER PROFESSIONAL SERVICES .00 2,225.00 40,000.00 37,775.00 5.6 10 -45 -375 REIMBURSABLE PROF SERVICES 456.00 2,695.43 75,000.00 72,304.57 3.6 10 -45 -380 JANITORIAL SERVICES 620.00 1,442.72 13,125.00 11,682.28 11.0 10 -45 -385 TREASURERS FEES 1,549.52 1,869.35 7,500.00 5,630.65 24.9 10 -45 -395 RECORDING FEES .00 .00 1,000.00 1,000.00 .0 10 -45 -410 BANK CHARGES 35.60 232.90 600.00 367.10 38.8 10 -45 -420 ELECTIONS .00 .00 2,500.00 2,500.00 .0 10 -45 -430 INSURANCE ALL DEPARTMENTS 500.00 21,648.63 48,000.00 26,351.37 45.1 10 -45 -440 ADVERTISING .00 .00 1,500.00 1,500.00 .0 10 -45 -490 PROFESSIONAL MEMBERSHIPS 1,650.00 5,297.49 7,500.00 2,202.51 70.6 10 -45 -500 OPERATING SUPPLIES 943.68 2,069.76 16,000.00 13,930.24 12.9 10 -45 -510 EQUIPMENT PURCHASE AND REPAIR .00 520.15 20,000.00 19,479.85 2.6 10 -45 -550 POSTAGE 180.50 502.88 3,000.00 2,497.12 16.8 10 -45 -560 UTILITIES TELEPHONE 313.22 1,175.63 8,500.00 7,324.37 13.8 10 -45 -561 UTILITIES NATURAL GAS 482.40 1,055.88 6,200.00 5,144.12 17.0 10 -45 -562 UTILITIES ELECTRICITY 578.40 1,093.09 7,000.00 5,906.91 15.6 10 -45 -569 UTILITIES TRASH REMOVAL 95.00 235.00 2,000.00 1,765.00 11.8 10 -45 -670 PROP MGMT- 117 EISENHOWER DR 1,500.64 3,298.54 25,000.00 21,701.46 13.2 10 -45 -671 PROP MGMT 105 FRASER AVE .00 .00 1,000.00 1,000.00 .0 10 -45 -673 PROP MGMT 153 FRASER AVE 38.20 38.20 12,000.00 11,961.80 .3 10 -45 -674 PROP MGMT 200 EISENHOWER DR 178.17 809.71 2,000.00 1,190.29 40.5 10 -45 -676 PROP MGMT 400 DOC SUSIE AVE .00 .00 1,000.00 1,000.00 .0 10 -45 -690 MISCELLANEOUS EXPENSE .00 .00 5,000.00 5,000.00 .0 10 -45 -810 LEASE /PURCHASE PRINCIPAL .00 24,893.86 50,455.00 25,561.14 49.3 10 -45 -820 LEASE /PURCHASE INTEREST .00 11,909.41 23,150.00 11,240.59 51.4 35,973.31 158,858.38 774,485.00 615,626.62 20.5 25 OF THE FISCAL YEAR HAS ELAPSED 04/12/2011 11:41AM PAGE: 5 PUBLIC WORKS TOTAL PUBLIC WORKS WALK THROUGH HISTORY PARK 10 -65 -560 UTILITIES TELEPHONE 10 -65 -670 PROP MGMT 120 ZEREX TOTAL WALK THROUGH HISTORY PARK FOR ADMINISTRATION USE ONLY TOWN OF FRASER EXPENDITURES WITH COMPARISON TO BUDGET FOR THE 3 MONTHS ENDING MARCH 31, 2011 GENERAL FUND PERIOD ACTUAL YTD ACTUAL BUDGET UNEXPENDED PCNT 10 -60 -110 SALARIES 20,550.61 61,415.78 346,500.00 285,084.22 17.7 10 -60 -210 HEALTH INSURANCE 4,100.96 12,293.82 60,000.00 47,706.18 20.5 10 -60 -220 FICA TAX 1,469.20 4,389.53 26,507.00 22,117.47 16.6 10 -60 -230 RETIREMENT 822.03 2,456.63 13,860.00 11,403.37 17.7 10 -60 -250 UNEMPLOYMENT TAX 61.64 184.22 1,040.00 855.78 17.7 10 -60 -280 TRAINING PROGRAMS .00 3.72 2,000.00 1,996.28 .2 10 -60 -290 TRAVEL, MEALS AND LODGING 95.68 95.68 2,000.00 1,904.32 4.8 10 -60 -295 MEALS AND ENTERTAINMENT .00 20.28 500.00 479.72 4.1 10 -60 -330 ENGINEERING FEES 96.00 312.00 20,000.00 19,688.00 1.6 10 -60 -370 OTHER PROFESSIONAL SERVICES .00 247.00 2,500.00 2,253.00 9.9 10 -60 -475 CONTRACT SNOW REMOVAL 1,120.00 2,240.00 .00 2,240.00) .0 10 -60 -480 EQUIPMENT RENTAL .00 .00 5,000.00 5,000.00 .0 10 -60 -490 PROFESSIONAL MEMBERSHIPS .00 130.00 500.00 370.00 26.0 10 -60 -500 OPERATING SUPPLIES 7,533.04 17,961.67 65,000.00 47,038.33 27.6 10 -60 -506 PLANTS /PLANTER SUPPLIES 150.00 150.00 10,000.00 9,850.00 1.5 10 -60 -510 EQUIPMENT PURCHASE AND REPAIR 7,645.70 9,687.55 40,000.00 30,312.45 24.2 10 -60 -560 UTILITIES TELEPHONE 40.27 322.86 3,000.00 2,677.14 10.8 10 -60 -561 UTILITIES NATURAL GAS 741.89 1,568.23 7,500.00 5,931.77 20.9 10 -60 -562 UTILITIES ELECTRICITY 204.49 388.52 3,500.00 3,111.48 11.1 10 -60 -569 UTILITIES TRASH REMOVAL 55.93 115.51 2,500.00 2,384.49 4.6 10 -60 -670 PROP MGMT 125 FRASER AVE 12.00 220.00 5,000.00 4,780.00 4.4 10 -60 -673 PROP MGMT FRASER RIVER TRAIL .00 .00 35,000.00 35,000.00 .0 10 -60 -674 PROP MGMT HWY 40 PEDESTRIAN .00 .00 5,000.00 5,000.00 .0 10 -60 -676 PROP MGMT OLD SCHLHOUSE PK .00 .00 500.00 500.00 .0 10 -60 -678 PROP MGMT WALK THRU HIST PRK .00 .00 5,000.00 5,000.00 .0 10 -60 -679 PROP MGMT SCHOOL BUS GARAGE 432.77 3,177.77 8,000.00 4,822.23 39.7 10 -60 -681 PROP MGMT COZENS RANCH PARK .00 .00 10,000.00 10,000.00 .0 10 -60 -682 PROP MGMT AMTRAK STATION .00 .00 1,500.00 1,500.00 .0 10 -60 -683 PROP MGMT PTARMIGAN OS .00 .00 1,500.00 1,500.00 .0 10 -60 -684 PROP MGMT FRODO .00 .00 2,500.00 2,500.00 .0 10 -60 -690 MISCELLANEOUS EXPENSE .00 .00 5,000.00 5,000.00 .0 10 -60 -725 STREET IMPROVEMENTS .00 .00 10,000.00 10,000.00 .0 45,132.21 117,380.77 700,907.00 583,526.23 16.8 40.27 120.64 1,000.00 879.36 12.1 .00 .00 2,000.00 2,000.00 .0 40.27 120.64 3,000.00 2,879.36 4.0 25 OF THE FISCAL YEAR HAS ELAPSED 04/12/2011 11:41AM PAGE: 6 TRANSFERS TOWN OF FRASER EXPENDITURES WITH COMPARISON TO BUDGET FOR THE 3 MONTHS ENDING MARCH 31, 2011 GENERAL FUND PERIOD ACTUAL YTD ACTUAL BUDGET UNEXPENDED PCNT 10 -90 -920 TRANSFER TO CERF POLICE DEPT .00 .00 35,000.00 35,000.00 .0 10 -90 -930 TRANSFER TO CERF PUBLICWORKS .00 .00 50,000.00 50,000.00 .0 10 -90 -935 TRANSFER TO CAF .00 .00 100,000.00 100,000.00 .0 10 -90 -940 TRANSFER TO DEBT SERVICE FUND .00 .00 247,250.00 247,250.00 .0 10 -90 -950 TRANSFER TO WATER FUND .00 .00 23,000.00 23,000.00 .0 10 -90 -960 TRANSFER TO FREP .00 .00 50,000.00 50,000.00 .0 TOTAL TRANSFERS .00 .00 505,250.00 505,250.00 .0 TOTAL FUND EXPENDITURES 197,855.33 406,808.36 2,561,246.00 2,154,437.64 15.9 NET REVENUE OVER EXPENDITURES 55,683.74 109,903.83) 1,696,159.00 1,806,062.83 6.5) FOR ADMINISTRATION USE ONLY 25 OF THE FISCAL YEAR HAS ELAPSED 04/12/2011 11:41AM PAGE: 7 ASSETS 20 -10100 CASH COMBINED FUND 49,759.38 TOTAL ASSETS 49,759.38 LIABILITIES AND EQUITY FUND EQUITY UNAPPROPRIATED FUND BALANCE: 20 -29800 FUND BALANCE BEGINNING OF YR REVENUE OVER EXPENDITURES YTD BALANCE CURRENT DATE TOTAL FUND EQUITY TOTAL LIABILITIES AND EQUITY FOR ADMINISTRATION USE ONLY TOWN OF FRASER BALANCE SHEET MARCH 31, 2011 CONSERVATION TRUST FUND 48,477.36 1,282.02 49,759.38 49,759.38 49,759.38 25 OF THE FISCAL YEAR HAS ELAPSED 04/12/2011 11:41AM PAGE: 8 REVENUE TOWN OF FRASER REVENUES WITH COMPARISON TO BUDGET FOR THE 3 MONTHS ENDING MARCH 31, 2011 CONSERVATION TRUST FUND PERIOD ACTUAL YTD ACTUAL BUDGET UNEARNED PCNT 20 -30 -100 CONS TRUST (LOTTERY) PROCEEDS 1,263.97 1,263.97 5,900.00 4,636.03 21.4 20 -30 -800 INTEREST EARNINGS 5.76 18.05 60.00 41.95 30.1 20 -30 -999 CARRYOVER BALANCE .00 .00 49,388.00 49,388.00 .0 TOTAL REVENUE 1,269.73 1,282.02 55,348.00 54,065.98 2.3 TOTAL FUND REVENUE 1,269.73 1,282.02 55,348.00 54,065.98 2.3 FOR ADMINISTRATION USE ONLY 25 OF THE FISCAL YEAR HAS ELAPSED 04/12/2011 11:41AM PAGE: 9 EXPENDITURES 20 -40 -910 TRANSFER TO GENERAL FUND TOTAL EXPENDITURES TOTAL FUND EXPENDITURES NET REVENUE OVER EXPENDITURES FOR ADMINISTRATION USE ONLY TOWN OF FRASER EXPENDITURES WITH COMPARISON TO BUDGET FOR THE 3 MONTHS ENDING MARCH 31, 2011 CONSERVATION TRUST FUND PERIOD ACTUAL YTD ACTUAL BUDGET UNEXPENDED PCNT .00 .00 50,000.00 50,000.00 .0 .00 .00 50,000.00 50,000.00 .0 .00 .00 50,000.00 50,000.00 .0 1,269.73 1,282.02 5,348.00 4,065.98 24.0 25 OF THE FISCAL YEAR HAS ELAPSED 04/12/2011 11:41AM PAGE: 10 ASSETS 30 -10100 CASH COMBINED FUND 303,064.02 TOTAL ASSETS 303,064.02 LIABILITIES AND EQUITY FUND EQUITY UNAPPROPRIATED FUND BALANCE: 30 -29800 FUND BALANCE BEGINNING OF YR REVENUE OVER EXPENDITURES YTD BALANCE CURRENT DATE TOTAL FUND EQUITY TOTAL LIABILITIES AND EQUITY FOR ADMINISTRATION USE ONLY TOWN OF FRASER BALANCE SHEET MARCH 31, 2011 CAPITAL EQUIP REPLACEMENT FUND 295,849.48 7,214.54 303,064.02 303,064.02 303,064.02 25 OF THE FISCAL YEAR HAS ELAPSED 04/12/2011 11:41AM PAGE: 11 REVENUE TOTAL FUND REVENUE FOR ADMINISTRATION USE ONLY TOWN OF FRASER REVENUES WITH COMPARISON TO BUDGET FOR THE 3 MONTHS ENDING MARCH 31, 2011 CAPITAL EQUIP REPLACEMENT FUND PERIOD ACTUAL YTD ACTUAL BUDGET UNEARNED PCNT 30 -30 -100 HWY USE TAX PROCEEDS 3,409.02 7,100.14 42,420.00 35,319.86 16.7 30 -30 -800 INTEREST EARNINGS 36.23 114.40 550.00 435.60 20.8 30 -30 -900 TRANSFER FROM G/F POLICEDEPT .00 .00 35,000.00 35,000.00 .0 30 -30 -910 TRANSFER FROM G/F PUBLICWORK .00 .00 50,000.00 50,000.00 .0 30 -30 -920 TRANSFER FROM UTILITY FUNDS .00 .00 20,000.00 20,000.00 .0 30 -30 -999 CARRYOVER BALANCE .00 .00 292,518.00 292,518.00 .0 TOTAL REVENUE 3,445.25 7,214.54 440,488.00 433,273.46 1.6 3,445.25 7,214.54 440,488.00 433,273.46 1.6 25 OF THE FISCAL YEAR HAS ELAPSED 04/12/2011 11:41AM PAGE: 12 EXPENDITURES TOWN OF FRASER EXPENDITURES WITH COMPARISON TO BUDGET FOR THE 3 MONTHS ENDING MARCH 31, 2011 CAPITAL EQUIP REPLACEMENT FUND PERIOD ACTUAL YTD ACTUAL BUDGET UNEXPENDED PCNT 30 -40 -745 PUBLIC SAFETY FLEET PURCHASE .00 .00 35,000.00 35,000.00 .0 30 -40 -750 REGULAR FLEET PURCHASE .00 .00 15,000.00 15,000.00 .0 30 -40 -755 HEAVY EQUIPMENT PURCHASE .00 .00 15,000.00 15,000.00 .0 TOTAL EXPENDITURES .00 .00 65,000.00 65,000.00 .0 TOTAL FUND EXPENDITURES .00 .00 65,000.00 65,000.00 .0 NET REVENUE OVER EXPENDITURES 3,445.25 7,214.54 375,488.00 368,273.46 1.9 FOR ADMINISTRATION USE ONLY 25 OF THE FISCAL YEAR HAS ELAPSED 04/12/2011 11:41AM PAGE: 13 ASSETS 32 -10100 CASH COMBINED FUND 150,644.55 TOTAL ASSETS 150,644.55 LIABILITIES AND EQUITY FUND EQUITY UNAPPROPRIATED FUND BALANCE: 32 -29800 FUND BALANCE BEGINNING OF YR REVENUE OVER EXPENDITURES YTD BALANCE CURRENT DATE TOTAL FUND EQUITY TOTAL LIABILITIES AND EQUITY FOR ADMINISTRATION USE ONLY TOWN OF FRASER BALANCE SHEET MARCH 31, 2011 CAPITAL ASSET FUND 150,586.08 58.47 150,644.55 150,644.55 150,644.55 25 OF THE FISCAL YEAR HAS ELAPSED 04/12/2011 11:41AM PAGE: 14 CAPITAL ASSET REVENUE FOR ADMINISTRATION USE ONLY TOWN OF FRASER REVENUES WITH COMPARISON TO BUDGET FOR THE 3 MONTHS ENDING MARCH 31, 2011 CAPITAL ASSET FUND 32 -30 -800 INTEREST EARNINGS 18.11 58.47 375.00 316.53 15.6 32 -30 -910 TRANSFER IN FROM GENERAL FUND .00 .00 100,000.00 100,000.00 .0 32 -30 -999 CARRYOVER FUND BALANCE .00 .00 150,575.00 150,575.00 .0 TOTAL CAPITAL ASSET REVENUE 18.11 TOTAL FUND REVENUE 18.11 PERIOD ACTUAL YTD ACTUAL BUDGET UNEARNED PCNT 58.47 250,950.00 250,891.53 .0 58.47 250,950.00 250,891.53 .0 25 OF THE FISCAL YEAR HAS ELAPSED 04/12/2011 11:41AM PAGE: 15 CAPITAL ASSET EXPENDITURES 32 -40 -810 CAPITAL PROJ- STREETS EXISTING TOTAL CAPITAL ASSET EXPENDITURES TOTAL FUND EXPENDITURES NET REVENUE OVER EXPENDITURES FOR ADMINISTRATION USE ONLY TOWN OF FRASER EXPENDITURES WITH COMPARISON TO BUDGET FOR THE 3 MONTHS ENDING MARCH 31, 2011 CAPITAL ASSET FUND PERIOD ACTUAL YTD ACTUAL BUDGET UNEXPENDED PCNT .00 .00 .00 250,000.00 250,000.00 .0 .00 250,000.00 250,000.00 .0 .00 .00 250,000.00 250,000.00 .0 18.11 58.47 950.00 891.53 6.2 25 OF THE FISCAL YEAR HAS ELAPSED 04/12/2011 11:41AM PAGE: 16 INTERGOVERNMENTAL REVENUE 35 -30 -100 GRANTS AND AWARDS 35 -30 -910 TRANSFER IN FROM GENERAL FUND TOTAL INTERGOVERNMENTAL REVENUE TOTAL FUND REVENUE FOR ADMINISTRATION USE ONLY TOWN OF FRASER REVENUES WITH COMPARISON TO BUDGET FOR THE 3 MONTHS ENDING MARCH 31, 2011 FREP FUND PERIOD ACTUAL YTD ACTUAL BUDGET UNEARNED PCNT .00 .00 610,000.00 610,000.00 .0 .00 .00 50,000.00 50,000.00 .0 .00 .00 660,000.00 660,000.00 .0 .00 .00 660,000.00 660,000.00 .0 25 OF THE FISCAL YEAR HAS ELAPSED 04/12/2011 11:41AM PAGE: 17 TOWN OF FRASER EXPENSES TOWN OF FRASER EXPENDITURES WITH COMPARISON TO BUDGET FOR THE 3 MONTHS ENDING MARCH 31, 2011 FREP FUND PERIOD ACTUAL YTD ACTUAL BUDGET UNEXPENDED PCNT 35 -50 -440 F/WP TRAIL LINK CONSTRUCTION .00 .00 260,000.00 260,000.00 .0 35 -50 -450 LIONS FISH PONDS IMPROVEMENTS .00 .00 400,000.00 400,000.00 .0 TOTAL TOWN OF FRASER EXPENSES .00 .00 660,000.00 660,000.00 .0 TOTAL FUND EXPENDITURES .00 .00 660,000.00 660,000.00 .0 NET REVENUE OVER EXPENDITURES .00 .00 .00 .00 .0 FOR ADMINISTRATION USE ONLY 25 OF THE FISCAL YEAR HAS ELAPSED 04/12/2011 11:41AM PAGE: 18 ASSETS TOWN OF FRASER BALANCE SHEET MARCH 31, 2011 DEBT SERVICE FUND 40 -10100 CASH COMBINED FUND 707,412.27 40 -11100 PROPERTY TAXES RECEIVABLE 80,000.00 TOTAL ASSETS 787,412.27 LIABILITIES AND EQUITY LIABILITIES 40 -22210 DEFERRED PROPERTY TAXES TOTAL LIABILITIES FUND EQUITY 80,000.00 40 -27000 RESFUND BAL -1 YEARS PAYMENT 300,000.00 40 -27100 RESTRICTED FUND BALANCE 379,358.00 UNAPPROPRIATED FUND BALANCE: REVENUE OVER EXPENDITURES YTD 28,054.27 BALANCE CURRENT DATE TOTAL FUND EQUITY TOTAL LIABILITIES AND EQUITY FOR ADMINISTRATION USE ONLY 28,054.27 80,000.00 707,412.27 787,412.27 25 OF THE FISCAL YEAR HAS ELAPSED 04/12/2011 11:41AM PAGE: 19 REVENUE TOWN OF FRASER REVENUES WITH COMPARISON TO BUDGET FOR THE 3 MONTHS ENDING MARCH 31, 2011 DEBT SERVICE FUND PERIOD ACTUAL YTD ACTUAL BUDGET UNEARNED PCNT 40 -30 -100 PROPERTY TAX 23,096.27 27,867.69 80,000.00 52,132.31 34.8 40 -30 -200 SPECIFIC OWNERSHIP TAX 257.15 479.49 4,000.00 3,520.51 12.0 40 -30 -800 INTEREST EARNINGS 83.98 264.86 3,500.00 3,235.14 7.6 40 -30 -910 TRANSFER IN FROM GENERAL FUND .00 .00 247,250.00 247,250.00 .0 TOTAL REVENUE 23,437.40 28,612.04 334,750.00 306,137.96 8.6 TOTAL FUND REVENUE 23,437.40 28,612.04 334,750.00 306,137.96 8.6 FOR ADMINISTRATION USE ONLY 25 OF THE FISCAL YEAR HAS ELAPSED 04/12/2011 11:41AM PAGE: 20 EXPENDITURES TOWN OF FRASER EXPENDITURES WITH COMPARISON TO BUDGET FOR THE 3 MONTHS ENDING MARCH 31, 2011 DEBT SERVICE FUND PERIOD ACTUAL YTD ACTUAL BUDGET UNEXPENDED PCNT 40 -40 -385 TREASURER'S FEES GO BOND 462.34 557.77 2,000.00 1,442.23 27.9 40 -40 -810 BOND PRINCIPAL 02 S &U ISSUE .00 .00 25,000.00 25,000.00 .0 40 -40 -811 BOND PRINCIPAL 98 GO ISSUE .00 .00 35,000.00 35,000.00 .0 40 -40 -812 BOND PRINCIPAL 98 S &U ISSUE .00 .00 140,000.00 140,000.00 .0 40 -40 -820 BOND INTEREST 02 S &U ISSUE .00 .00 15,856.00 15,856.00 .0 40 -40 -821 BOND INTEREST 98 GO ISSUE .00 .00 13,976.00 13,976.00 .0 40 -40 -822 BOND INTEREST 98 S &U ISSUE .00 .00 70,565.00 70,565.00 .0 40 -40 -850 BOND AGENT FEES .00 .00 2,500.00 2,500.00 .0 40 -40 -910 TRANSFER TO DSF RESERVES .00 .00 29,853.00 29,853.00 .0 TOTAL EXPENDITURES 462.34 557.77 334,750.00 334,192.23 .2 TOTAL FUND EXPENDITURES 462.34 557.77 334,750.00 334,192.23 .2 NET REVENUE OVER EXPENDITURES 22,975.06 28,054.27 .00 28,054.27) .0 FOR ADMINISTRATION USE ONLY 25 OF THE FISCAL YEAR HAS ELAPSED 04/12/2011 11:41AM PAGE: 21 ASSETS LIABILITIES AND EQUITY LIABILITIES FUND EQUITY UNAPPROPRIATED FUND BALANCE: 50 -29800 RETAINED EARNINGS REVENUE OVER EXPENDITURES YTD BALANCE CURRENT DATE TOTAL FUND EQUITY TOTAL LIABILITIES AND EQUITY FOR ADMINISTRATION USE ONLY TOWN OF FRASER BALANCE SHEET MARCH 31, 2011 WATER FUND 50 -10100 CASH COMBINED FUND 367,300.87 50 -11500 A/R CUSTOMER SERVICE CHARGES 158,570.28 50 -11550 A/R BILLINGS 10,753.23 50 -11600 A/R FOX RUN -GRAND CO HOUSING 31,800.00 50 -16100 LAND 100,000.00 50 -16200 BUILDINGS 2,915,858.49 50 -16203 WELLS SYSTEM 768,371.74 50 -16212 WATER DISTRIBUTION /STORAGE 9,845,211.82 50 -16213 WELLS 1,063,119.43 50 -16400 EQUIPMENT 239,923.02 50 -16500 WATER RIGHTS 19,775.86 50 -17900 ACCUMULATED DEPRECIATION 2,725,428.67) TOTAL ASSETS 12,795,256.07 50 -21100 ACCRUED PTO AND BENEFITS 8,138.49 50 -22910 ROAD CUT SURITY FEES 22,439.50 TOTAL LIABILITIES 30,577.99 50 -27000 RESFUND BAL 0 M 100,000.00 12,596,650.23 68,027.85 12,664,678.08 12,764,678.08 12,795,256.07 25 OF THE FISCAL YEAR HAS ELAPSED 04/12/2011 11:41AM PAGE: 22 LICENSES PERMITS CHARGES FOR SERVICES MISCELLANEOUS REVENUE 50 -36 -100 INTEREST EARNINGS 50 -36 -900 MISCELLANEOUS REVENUE OTHER SOURCES TRANSFERS TOTAL FUND REVENUE FOR ADMINISTRATION USE ONLY TOWN OF FRASER REVENUES WITH COMPARISON TO BUDGET FOR THE 3 MONTHS ENDING MARCH 31, 2011 WATER FUND PERIOD ACTUAL YTD ACTUAL BUDGET UNEARNED PCNT 50 -32 -100 EXCAVATION PERMIT FEES .00 .00 200.00 200.00 .0 TOTAL LICENSES PERMITS .00 .00 200.00 200.00 .0 50 -34 -100 CUSTOMER SERVICE CHARGES 151,940.75 151,940.75 604,359.00 452,418.25 25.1 50 -34 -150 PENALTIES INTEREST 1,293.37 1,769.47 1,000.00 769.47) 177.0 50 -34 -200 PLANT INVESTMENT FEES .00 .00 8,000.00 8,000.00 .0 50 -34 -300 WATER METER SALES .00 .00 1,000.00 1,000.00 .0 TOTAL CHARGES FOR SERVICES 153,234.12 153,710.22 614,359.00 460,648.78 25.0 49.40 708.23 TOTAL MISCELLANEOUS REVENUE 757.63 145.64 3,280.60 50 -39 -999 CARRYOVER BALANCE .00 .00 299,665.00 299,665.00 .0 TOTAL OTHER SOURCES TRANSFERS .00 .00 299,665.00 299,665.00 .0 153,991.75 157,136.46 1,000.00 5,000.00 3,426.24 6,000.00 854.36 14.6 1,719.40 65.6 2,573.76 57.1 920,224.00 763,087.54 17.1 25 OF THE FISCAL YEAR HAS ELAPSED 04/12/2011 11:41AM PAGE: 23 EXPENDITURES TOWN OF FRASER EXPENDITURES WITH COMPARISON TO BUDGET FOR THE 3 MONTHS ENDING MARCH 31, 2011 WATER FUND PERIOD ACTUAL YTD ACTUAL BUDGET UNEXPENDED PCNT 50 -40 -110 SALARIES 15,109.49 44,263.86 199,500.00 155,236.14 22.2 50 -40 -210 HEALTH INSURANCE 2,846.53 8,548.83 44,800.00 36,251.17 19.1 50 -40 -220 FICA TAX 1,060.16 3,099.05 15,262.00 12,162.95 20.3 50 -40 -230 RETIREMENT 578.66 1,738.37 7,980.00 6,241.63 21.8 50 -40 -250 UNEMPLOYMENT TAX 44.16 131.71 599.00 467.29 22.0 50 -40 -280 TRAINING PROGRAMS .00 400.00 3,000.00 2,600.00 13.3 50 -40 -290 TRAVEL, MEALS AND LODGING .00 740.01 3,000.00 2,259.99 24.7 50 -40 -295 MEALS AND ENTERTAINMENT 8.42 61.48 2,000.00 1,938.52 3.1 50 -40 -310 LEGAL FEES 14,813.84 14,813.84 35,000.00 20,186.16 42.3 50 -40 -330 ENGINEERING FEES .00 .00 40,000.00 40,000.00 .0 50 -40 -360 COMPUTERS NETWORKS AND SUPPORT .00 562.33 15,000.00 14,437.67 3.8 50 -40 -370 OTHER PROFESSIONAL SERVICES .00 1.61 15,000.00 14,998.39 .0 50 -40 -430 INSURANCE .00 .00 20,000.00 20,000.00 .0 50 -40 -440 ADVERTISING .00 .00 500.00 500.00 .0 50 -40 -460 SYSTEM REPAIR AND MAINT PROD .00 .00 30,000.00 30,000.00 .0 50 -40 -465 SYSTEM REPAIR AND MAINT DIST .00 650.00 30,000.00 29,350.00 2.2 50 -40 -490 PROFESSIONAL MEMBERSHIPS .00 1,550.00 8,000.00 6,450.00 19.4 50 -40 -500 OPERATING SUPPLIES PRODUCTION .00 1,434.15 30,000.00 28,565.85 4.8 50 -40 -505 OPERATING SUPPLIES DISTRIB .00 2,105.50 25,000.00 22,894.50 8.4 50 -40 -510 EQUIPMENT PURCHASE AND REPAIR .00 .00 5,000.00 5,000.00 .0 50 -40 -520 TESTING .00 .00 3,000.00 3,000.00 .0 50 -40 -550 POSTAGE BILLING SUPPLIES .00 282.33 3,500.00 3,217.67 8.1 50 -40 -560 UTILITIES TELEPHONE 199.26 641.45 5,500.00 4,858.55 11.7 50 -40 -562 UTILITIES ELECTRICITY 3,519.28 6,716.56 45,000.00 38,283.44 14.9 50 -40 -670 PROP MGMT FRASER WTP .00 .00 6,000.00 6,000.00 .0 50 -40 -680 PROP MGMT MARYVALE WTP .00 .00 6,000.00 6,000.00 .0 50 -40 -690 MISCELLANEOUS EXPENSE 55.78 55.78 1,000.00 944.22 5.6 50 -40 -715 WATER RIGHTS DIVERSION DEV .00 1,311.75 35,000.00 33,688.25 3.8 50 -40 -730 CAPITAL PROJECTS .00 .00 100,000.00 100,000.00 .0 50 -40 -930 TRANSFER TO CERF .00 .00 10,000.00 10,000.00 .0 50 -40 -970 TRANSFER TO O &M RESERVES .00 .00 100,000.00 100,000.00 .0 TOTAL EXPENDITURES 38,235.58 89,108.61 844,641.00 755,532.39 10.6 TOTAL FUND EXPENDITURES 38,235.58 89,108.61 844,641.00 755,532.39 10.6 NET REVENUE OVER EXPENDITURES 115,756.17 68,027.85 75,583.00 7,555.15 90.0 FOR ADMINISTRATION USE ONLY 25 OF THE FISCAL YEAR HAS ELAPSED 04/12/2011 11:41AM PAGE: 24 ASSETS TOWN OF FRASER BALANCE SHEET MARCH 31, 2011 WASTEWATER FUND 55 -10100 CASH COMBINED FUND 2,046,376.07 55 -11500 A/R CUSTOMER SERVICE CHARGES 156,526.27 55 -11550 A /R- BILLINGS 7,105.50 55 -11900 MISCELLANEOUS RECEIVABLES 1,661.00) 55 -15950 CAP REPL RES HELD W /JFOC 728,241.00 55 -15955 O &M RESERVE HELD W /JFOC 51,185.92 55 -16100 LAND 144,320.40 55 -16200 SEWER TREATMENT PLANT 3,207,369.16 55 -16210 METER BUILDING IMPROVEMENTS 8,056.39 55 -16220 SEWER COLLECTION SYSTEM 10,620,070.80 55 -16250 CONSOLIDATED COLLECTION SYSTEM 279,069.00 55 -16400 EQUIPMENT 71,492.50 55 -17900 ACCUMULATED DEPRECIATION 556,734.72) 55 -17905 ACCUM DEPR PLANT /JFOC 34,882.44) 55 -17910 ACCUM DEPR SEWER COLLECT -FSD 2,239,500.35) 55 -17915 ACCUM DEPR- EQUIPMENT 71,492.81) TOTAL ASSETS 14,415,541.69 LIABILITIES AND EQUITY LIABILITIES 55 -20210 ACCRUED A/P AUDIT 12,511.34 55 -20810 DUE TO GENERAL FUND 115.00) 55 -21100 ACCRUED PTO AND BENEFITS 6,754.71 TOTAL LIABILITIES 19,151.05 FUND EQUITY UNAPPROPRIATED FUND BALANCE: 55 -29800 RETAINED EARNINGS 13,699,226.12 55 -29810 RETAINED EARNINGS UNRESTRICT 53,572.01) 55 -29820 RETAINED EARNINGS RESTRICTED 654,109.00 REVENUE OVER EXPENDITURES YTD 96,627.53 BALANCE CURRENT DATE TOTAL FUND EQUITY TOTAL LIABILITIES AND EQUITY FOR ADMINISTRATION USE ONLY 14,396,390.64 14,396,390.64 14,415,541.69 25 OF THE FISCAL YEAR HAS ELAPSED 04/12/2011 11:41AM PAGE: 25 CHARGES FOR SERVICES TOWN OF FRASER REVENUES WITH COMPARISON TO BUDGET FOR THE 3 MONTHS ENDING MARCH 31, 2011 WASTEWATER FUND 55 -34 -100 CUSTOMER SERVICE CHARGES 151,594.32 151,594.32 606,532.00 454,937.68 25.0 55 -34 -150 PENALTIES INTEREST 41.82 509.02 1,000.00 490.98 50.9 55 -34 -200 PLANT INVESTMENT FEES .00 .00 15,000.00 15,000.00 .0 TOTAL CHARGES FOR SERVICES 151,636.14 152,103.34 622,532.00 470,428.66 24.4 MISCELLANEOUS REVENUE PERIOD ACTUAL YTD ACTUAL BUDGET UNEARNED PCNT 55 -36 -100 INTEREST EARNINGS 252.77 804.36 4,000.00 3,195.64 20.1 55 -36 -500 JFOC MANAGEMENT FEE 7,105.50 7,105.50 28,420.00 21,314.50 25.0 55 -36 -900 MISCELLANEOUS REVENUE .00 .00 1,500.00 1,500.00 .0 TOTAL MISCELLANEOUS REVENUE 7,358.27 7,909.86 33,920.00 26,010.14 23.3 OTHER SOURCES TRANSFERS 55 -39 -999 CARRYOVER BALANCE .00 .00 2,059,409.00 2,059,409.00 .0 TOTAL OTHER SOURCES TRANSFERS .00 .00 2,059,409.00 2,059,409.00 .0 TOTAL FUND REVENUE 158,994.41 FOR ADMINISTRATION USE ONLY 160,013.20 2,715,861.00 2,555,847.80 5.9 25 OF THE FISCAL YEAR HAS ELAPSED 04/12/2011 11:41AM PAGE: 26 EXPENDITURES TOWN OF FRASER EXPENDITURES WITH COMPARISON TO BUDGET FOR THE 3 MONTHS ENDING MARCH 31, 2011 WASTEWATER FUND PERIOD ACTUAL YTD ACTUAL BUDGET UNEXPENDED PCNT 55 -40 -110 SALARIES 12,397.86 36,058.27 178,500.00 142,441.73 20.2 55 -40 -210 HEALTH INSURANCE 2,066.79 6,200.19 30,240.00 24,039.81 20.5 55 -40 -220 FICA TAX 887.56 2,575.85 13,655.00 11,079.15 18.9 55 -40 -230 RETIREMENT 465.87 1,397.24 7,140.00 5,742.76 19.6 55 -40 -250 UNEMPLOYMENT TAX 35.91 106.82 536.00 429.18 19.9 55 -40 -280 TRAINING PROGRAMS .00 .00 2,000.00 2,000.00 .0 55 -40 -290 TRAVEL, MEALS AND LODGING .00 12.79 2,000.00 1,987.21 .6 55 -40 -295 MEALS AND ENTERTAINMENT .00 10.10 500.00 489.90 2.0 55 -40 -310 LEGAL FEES .00 40.00 10,000.00 9,960.00 .4 55 -40 -330 ENGINEERING FEES 456.00 984.00 20,000.00 19,016.00 4.9 55 -40 -360 COMPUTERS NETWORKS AND SUPPORT .00 562.33 5,000.00 4,437.67 11.3 55 -40 -370 OTHER PROFESSIONAL SERVICES .00 .00 10,000.00 10,000.00 .0 55 -40 -410 BANK CHARGES .00 .00 100.00 100.00 .0 55 -40 -430 INSURANCE .00 .00 5,500.00 5,500.00 .0 55 -40 -440 ADVERTISING .00 .00 1,000.00 1,000.00 .0 55 -40 -460 SYSTEM REPAIR AND MAINT COLLEC .00 .00 20,000.00 20,000.00 .0 55 -40 -490 PROFESSIONAL MEMBERSHIPS .00 90.00 6,100.00 6,010.00 1.5 55 -40 -500 OPERATING SUPPLIES COLLECTIONS .00 .00 5,000.00 5,000.00 .0 55 -40 -510 EQUIPMENT PURCHASE AND REPAIR .00 .00 5,500.00 5,500.00 .0 55 -40 -520 TESTING 25.00 50.00 1,000.00 950.00 5.0 55 -40 -550 POSTAGE BILLING SUPPLIES .00 282.33 2,500.00 2,217.67 11.3 55 -40 -560 UTILITIES TELEPHONE .00 44.32 1,500.00 1,455.68 3.0 55 -40 -650 WW TREATMENT CHARGES/JFOC 11,195.81 14,971.43 296,372.00 281,400.57 5.1 55 -40 -660 JFOC CAPREPL RESERVE .00 .00 122,652.00 122,652.00 .0 55 -40 -690 MISCELLANEOUS EXPENSE .00 .00 3,000.00 3,000.00 .0 55 -40 -730 CAPITAL PROJECTS .00 .00 330,000.00 330,000.00 .0 55 -40 -930 TRANSFER TO CERF .00 .00 10,000.00 10,000.00 .0 TOTAL EXPENDITURES 27,530.80 63,385.67 1,089,795.00 1,026,409.33 5.8 TOTAL FUND EXPENDITURES 27,530.80 63,385.67 1,089,795.00 1,026,409.33 5.8 NET REVENUE OVER EXPENDITURES 131,463.61 96,627.53 1,626,066.00 1,529,438.47 5.9 FOR ADMINISTRATION USE ONLY 25 OF THE FISCAL YEAR HAS ELAPSED 04/12/2011 11:41AM PAGE: 27 ASSETS 70 -10100 CASH COMBINED FUND 17,759.00 TOTAL ASSETS 17,759.00 LIABILITIES AND EQUITY FUND EQUITY UNAPPROPRIATED FUND BALANCE: 70 -29800 FUND BALANCE BEGINNING OF YR REVENUE OVER EXPENDITURES YTD BALANCE CURRENT DATE TOTAL FUND EQUITY TOTAL LIABILITIES AND EQUITY FOR ADMINISTRATION USE ONLY TOWN OF FRASER BALANCE SHEET MARCH 31, 2011 PETERSEN TRUST 17, 752.06 6.94 17, 759.00 17, 759.00 17, 759.00 25 OF THE FISCAL YEAR HAS ELAPSED 04/12/2011 11:41AM PAGE: 28 REVENUE 70 -30 -800 INTEREST EARNINGS 70 -30 -999 CARRYOVER BALANCE TOTAL REVENUE TOTAL FUND REVENUE FOR ADMINISTRATION USE ONLY TOWN OF FRASER REVENUES WITH COMPARISON TO BUDGET FOR THE 3 MONTHS ENDING MARCH 31, 2011 PETERSEN TRUST PERIOD ACTUAL YTD ACTUAL BUDGET UNEARNED PCNT 2.48 6.94 .00 6.94) .0 .00 .00 17,785.00 17,785.00 .0 2.48 6.94 17,785.00 17,778.06 .0 2.48 6.94 17,785.00 17,778.06 .0 25 OF THE FISCAL YEAR HAS ELAPSED 04/12/2011 11:41AM PAGE: 29 EXPENDITURES 70 -40 -670 PETERSEN TRUST EXP TRAIL TOTAL EXPENDITURES TOTAL FUND EXPENDITURES FOR ADMINISTRATION USE ONLY TOWN OF FRASER EXPENDITURES WITH COMPARISON TO BUDGET FOR THE 3 MONTHS ENDING MARCH 31, 2011 PETERSEN TRUST PERIOD ACTUAL YTD ACTUAL BUDGET UNEXPENDED PCNT .00 .00 NET REVENUE OVER EXPENDITURES 2.48 .00 17,785.00 17,785.00 .0 .00 17,785.00 17,785.00 .0 .00 .00 17,785.00 17,785.00 .0 6.94 .00 6.94) .0 25 OF THE FISCAL YEAR HAS ELAPSED 04/12/2011 11:41AM PAGE: 30 ASSETS LIABILITIES AND EQUITY FUND EQUITY FOR ADMINISTRATION USE ONLY TOWN OF FRASER BALANCE SHEET MARCH 31, 2011 GENERAL FIXED ASSETS 91 -16100 LAND 730,630.35 91 -16200 ADMINISTRATION BUILDING 208,379.39 91 -16203 MAINTENANCE BUILDING 57,722.51 91 -16208 HOUSE 400 DOC SUSIE AVE 54,839.27 91 -16209 VISITOR CENTER 183,895.00 91 -16211 BUSBARN 105 FRASER AVE HOUSE 100,000.00 91 -16250 CHURCH 267,000.00 91 -16306 PARKS 367,800.08 91 -16311 STREET IMPROVEMENTS 3,439,840.00 91 -16312 HIGHWAY 40 PATH 8,872.00 91 -16490 EQUIPMENT OTHER 872,015.00 91 -16500 OFFICE EQUIPMENT 57,261.75 91 -17900 ACCUMULATED DEPRECIATION 2,260,048.61) TOTAL ASSETS 4,088,206.74 UNAPPROPRIATED FUND BALANCE: 91 -29800 INVESTMENT IN FIXED ASSETS 4,088,206.74 BALANCE CURRENT DATE TOTAL FUND EQUITY TOTAL LIABILITIES AND EQUITY 4,088,206.74 4,088,206.74 4,088,206.74 25 OF THE FISCAL YEAR HAS ELAPSED 04/12/2011 11:41AM PAGE: 31 ASSETS LIABILITIES AND EQUITY LIABILITIES 95 -25050 2002 SERIAL BONDS 95 -25060 1998 REVENUE REFUNDING BONDS 95 -25070 1998 GENERAL OBLIGATION BONDS 95 -25200 ACCRUED COMPENSATED ABSENCES 95 -25500 CAPITAL LEASES KOMATSU LOADER FOR ADMINISTRATION USE ONLY TOWN OF FRASER BALANCE SHEET MARCH 31, 2011 GENERAL LONG -TERM DEBT 95 -18100 AMOUNT TO BE PROVIDED 3,131,161.31 TOTAL ASSETS 3,131,161.31 360,000.00 2,035,000.00 475,000.00 15,677.17 245,484.14 TOTAL LIABILITIES 3,131,161.31 TOTAL LIABILITIES AND EQUITY 3,131,161.31 25 OF THE FISCAL YEAR HAS ELAPSED 04/12/2011 11:41AM PAGE: 32 Finance Update:04/20/2011 Prepared:04/14/2011 Transmitted this week with the packet are your March Financial Statements and the February Sales Tax Report. Sales tax once again failed to meet expectations! And I am still unsure as to whom to contact? Currently we are running 4% down from last year at this time which equates to a loss of $12,007 dollars. Even though it seems like the town closed at the start of April, I can still remember a very busy March, so I’ve got my fingers crossed for those receipts. Turns out that the “Nat Plan” already had a name and it’s the “Capital Replacement Reserve Study” (CRRS).We presented our draft “findings memo” to Kirk and Bruce this week, the Water and Wastewater Committee will get to peruse the draft next week. The Upper Fraser Valley Wastewater Treatment Agreement calls for the CRRS to be reviewed each year and for reserve amounts to be determined at that time.Joe, Nancy and Jeff re-visited the initial replacement reserve projections and built a newJFF 10-year Capital Reserve Replacement Schedule. After reviewing several models for funding a replacement program we have opted to use the “Fraser Model”of yearly visitations of our CIP schedules which then drives the budget figures and identifies the revenue requirements. The original plan was very well done, and with no operational experience at the time was a great foundation for the facility. I am confident this simpler approach will benefit the facility for years to come as well. Reviewing the Audit Draft now and hoping to schedule a fun filled evening for the presentation in May. As always pleasecontact me with any questions or concerns you might have: 726-5491 X206 or nhavens@town.fraser.co.us. at Nat Town of Fraser PO Box 370, Fraser, CO 80442 office 970-726-5491fax 970-726-5518 www.frasercolorado.com ÚÎßÍÛÎñÉ×ÒÌÛÎ ÐßÎÕ ÐÑÔ×ÝÛ ÜÛÐßÎÌÓÛÒÌ Ó»³± Ì±æ Winter Park Town Council & Fraser Town Board Ú®±³æ Glen Trainor, Chief of Police Ü¿¬»æ April 6, 2011 Î»æ MONTHLY REPORT March, 2011 During the month of March, we responded to a total of 162 calls for service, with 119 of those occurring in the Town of Winter Park, and 34 occurring in Fraser. Additionally, we issued a total of 27 citations in Winter Park, and 6 in Fraser during the month. As far as types of calls, we investigated the following: Vehicle crashes 22, Theft 6, Harassment/Disorderly Conduct 7, Assault - 1, Assault on a Peace Officer - 1 (no injury), Forgery - 1 and Menacing - 1 . th On March 25, officers investigated the death of a skier at Mary Jane. It appears the skier collided with a tree, causing major head and internal injuries. th On March 20, Officer Ken Wright was awarded the Fraser/Winter Park Police Departments Medal of Distinguished Service for his courageous actions while assisting with taking an armed woman into custody in October, 2010. 6pcicivkcl c W afe j C 1 RoHoRf Tmesday May 3. 2011 6130 to 9 pa The following documents in their entirety have been provided for you on the County Website at wwwco.grand.co.us Bullet Points Mediation Agreement with attachments Learning by Doing System Map Letter US Army Corps of Engineers r To schedule an individual presentation for your group /organization by the Board of Grand County Commissioners, please calf Cindy Derby at 970 -725 -3347 or cderby(a�co.grand.co.us. From the beginning of the negotiations, Grand County has focused on the resource of the Fraser and Colorado River and their tributaries. The goal was to make the resource (the rivers) better than it is today and to put in place procedures that would, to the greatest extent possible, preserve and protect the resource for the future. That is what has been called en- hancements. Water ENHANCEMENTS (NOT MITIGATION) OFFERED IF MOFFAT PROJECT APPROVED Limit ability to reduce USFS bypass flows can only reduce when Denver goes on in -house only restrictions (never done to date) and if that makes any Grand County entity go on in -house only restrictions Denver will not reduce. 1000 af. bypass from Denver's yield to be used in Fraser River or its tribu- taries if available when call by Grand County (in addition to USFS bypass flows) for the environment. Future west slope water rights development Denver will not undertake any future water development projects or appropriations or acquisitions of water rights located in Grand County without the prior approval of the Grand County BOCC and River District. Municipal Use of Denver's facilities may, on case by case basis, allow wa- ter treatment plants on Fraser to covey water as a temporary source of supply, if back up supply available. Use of unused capacity explore, case by case, possibilities of using Den- ver's system to benefit Grand County or other public entities or the envi- ronment in transport of water. ;hoshone outage protocol; support for possible west slope purchase of Sho- ;hone; support negotiation with Xcel for donation of Shoshone water right to in- stream flow when call could be on but plant is not in operation; estab- ish an outage protocol to replicate release when power plant is down and In priority. 375 af consumptive water to WPRA, Winter Park Water Sanitation, Grand County #1, Town of Fraser, Town of Granby. (100 af toWPRA 275 af to be decided between other entities). Year -round delivery of Clinton By -Pass water. (currently delivered Novem- ber through May) 20% water for WPRA (important for snowmaking) allows WPRA to lever- age water based on return flows Study how Denver's rights in Hammond, Rich might be used to enhance streamflow (in addition to 1000 af). Study how Denver's Big Lake Ditch (feeds into Williams Fork Reservoir) can remain in agricultural use while providing Denver with yield it paid for. Is there a balance? Return flows helps Reeder Creek which flows into Colora- do River below Williams Fork. Vail Ditch Shares —Allow Grand County Mutual Ditch Reservoir Co. (Grand County, Town of Winter Park, Winter Park Water Sanitation, Grand County #1, Town of Granby, River District) to trade shares for like amount of water in Denver's system (Meadow Creek Reservoir) for release into Fraser River Basin. Denver will not oppose changes of Vail Ditch shares for this use. Storage in Williams Fork if portion of 1000 af made available during Sho- shone call or when outage protocol in place Denver agrees to make avail- able for release a like amount from Williams Fork up to 1000 af for environ- mental flows can carry over and increase up to 2500 af. $11M provided for aquatic environment, nutrient loading, projects that will provide benefits to Fraser River. Aquatic Habitat $1M but for aquatic habitat (swing $1M for aquatic habitat upon issuance and acceptance of permit by Denver for project $2M forfuture environmental enhancements (to be used in Learn- ing by Doing) Cooperative Effort for Aquatic Environment —IGA for Learning by Doing to protect, restore, and when possible enhance aquatic environment in the Upper Colorado, Fraser, and Williams Fork River basins. Request that Corps of Engineers acknowledge Learn- ing by Doing IGA in Record of Decision. This will bind Denver to forever stay engaged and participatory in dealing with issues in Grand County. Nutrient Loading $2M to reduce nutrient loading if Denver is required to mitigate (could be directed to a wastewater plant). Wastewater providers are being consulted. If not needed for nutrient removal, then committee of wastewater providers will decide how to use the money to help reduce nutrient loading and improve water qual- ity. Projects $4M 50,000 added to grant to construct Berthoud Pass sediment removal pond above Denver's intake on Fraser River This allows ediment to be removed before it can be released into the Fraser River. (Denver will own and operate in conjunction with disposal by CDOT Grand County). $3.95M Winter Park Recreation and Winter Park Water Sani- tation District have pump back and storage projects that will help the flows in the Fraser Rivers. Grand County will work with these entities to decide the proper split based on their ability to design and construct and within what timeframe. Additional Funds $1M to pay one -half of annual pumping costs to Grand County if water available to pump from Windy Gap to Lake Granby for late summer release to Colorado River. Denver will add a 12.5% charge to the sale of any future water sold outside its combined service area (short term and in cases of emergency) and place that money in a fund for use on the west slope. 2.5% of that revenue will be dedicated forforest health ac- tivities in Grand County and Summit County. The remainder will be for water projects, water quality and/or environmental pro- grams on the west slope. The River District will be the steward of the funds. OTHER No storage in environmental pool in Gross Reservoir for Boulder Lafay- ette from water from west slope, directly or by exchange, unless agreed to by River District, Middle Park, Grand County. Denver lands for Habitat and Access Study which lands in Denver owner- ship that may have potential value for wildlife habitat and public fishing ac- cess without impacting Denver's operational needs. Support CWCB filing (could help protect the 1000 of for the stream) Support for RICD (recreational in- stream channel diversion) Geographic Caps on area Denver can serve with west slope water. Administration issues on Green Mountain Reservoir. Settlement of Blue River Decree Issues (IMPORTANT TO MIDDLE PARK ITS contractees). Denver will not divert any water for storage in Gross enlargement until such time as water committed by Denver is legally available for use by Grand County. 541234 af. of water for endangered fish in 15 mile reach being released from Granby Reservoir. THERE AREAVARIETY OF LEGAL ISSUES ASSOCIATED WITH THE AGREEMENT. ALL SIGNATORIES TO THE AGREEMENT MUST COOPERATE TO IMPLEMENT THE ENHANCEMENTS. NOTHING IS A DEAL UNTIL EVERYTHING IS A DEAL. THERE MAY BE THINGS IN THIS AGREEMENT YOU LIKE AND THINGS YOU DON'T LIKE, BUT WHAT IS IMPORTANT IS IF THE BALANCE OF ALL THE EN- HANCEMENTS IS POSITIVE FOR THE RESOURCE OF THE FRASER AND COLO- RADO RIVERS. W A A- UT T GAT ON????? 3rand County has made extensive comments on the DEIS, pointing out what ,.ve think are inadequacies, supporting our comments with science, studies, Lc. As a consulting agency, we have met with the Corps and EPA numerous tim explaining, clarifying and providing additional information (when re- quested) to support the position for proper mitgation. WE HAVE STRUGGLED TO KEEP ENHANCEMENTS AND MITIGATION SEPARATE BECAUSE DENVER IS OFFERING ENHANCEMENTS TO ADDRESS t CONDITIONS–THEY SHOULD NOT GET NOR DOES GRAND COUN- TY WANT THEM TO GET CREDIT FOR THE ENHANCEMENTS ALSO AS MITI- GATION. DENVER HAS AGREED. GRAND COUNT! CONTINUES TO SUPPORT ITS COMMENTS AND POSITION TO THE PERMITTiNG AGENCIES DENVER DOES THE SAME. IN THE END THE AGENrIES WLL MAKE A DECISION BASED ON ALL INPUT AND THEIR CRITERIA FOR A DFCISION. GWAN NITY AD ER WATER HAV E SU EMITTED LETTER 10 THE CORPS OF ENGNEERS, EPA AND THE STATE WILDLIFE COMMISSION EMPHASIZING THAT FACT.