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EagleVail Neighborhood Caroling Read more

EagleVail Neighborhood Caroling

12/15/2017 6:00 PM - 8:00 PM

EagleVail Neighborhood HOLIDAY CAROLING

Friday, December 15th, 2017

6:00pm-8:00pm

Join us for Caroling throughout the EagleVail Community! We will meet at the EagleVail Pavilion Parking Lot. 

FREE Hot Cocoa for Kids! 

Adult Beverages will be available for purchase. 

This Year's Schedule:

6:10pm - 6:20pm: Stone Creek Dr. & Cottonwood Rd.

6:40pm - 6:50pm: Stone Creek Dr. & Deer Blvd.

7:10pm - 7:20pm: Deer Blvd & EagleVail Rd.

EagleVail POA to Sign New Management Company Read more

EagleVail POA to Sign New Management Company

EagleVail POA to Sign New Management Company

Bold Property Management to Start January 1st

In a 3-2 vote last Thursday night the EagleVail Property Owner’s Association agreed to sign Avon based Bold Property Management Solutions to manage the association’s affairs.  Bold will replace the EagleVail Metropolitan District as the association’s manager. 

Reasons cited by Stephen Daniels, Judd Watts and Jake Jacobson---those voting for the new arrangement---are a savings of about $100,000 per year in administrative costs over the current arrangement, improved management and adherence to governing documents, Colorado laws and regulations, improved clarity of roles of the EVPOA and EVMD and accountability of management to the Board and community.

Mike Kieler and Karl Krueger voted against the motion.  Krueger was skeptical about the change, believing that the community might lose many of the “less tangible” benefits associated with having one management team working so closely with both the EV Metro District and EVPOA Boards.

The EVPOA board first began discussing this change in late September.  The transition of services will begin immediately. Bold will be the designated manager effective January 1, 2018.

The EV Metro District Board and the EVPOA Board began meeting together in 2009 as the EagleVail Board of Governors (BOG) in order to improve outcomes for the community.  The two boards dissolved the BOG in late 2016.  In its action on Thursday, the EVPOA Board of Directors said they still wished to meet jointly with the EVMD Board. 

Santa-N-S'mores! Read more

Santa-N-S'mores!

12/9/2017 4:30 PM - 6:30 PM

Join us for some Holiday Fun!

Saturday, December 9th, 2017

4:30pm to 6:30pm

at the EagleVail Pavilion, 538 Eagle Rd.

 

HO HO HO!

There will be food, fun, & plenty of good cheer! Even a visit from the man in the Red Suit, himself!

 

Please RSVP here!

RSVP in advance = TWO Drink Tickets. 

No Advance RSVP = 1 Drink Ticket.

Please remember to also RSVP for children so we can plan accordingly. 

EVMD Completes Successful Refunding of Bonds to Reduce Future Taxes Read more

EVMD Completes Successful Refunding of Bonds to Reduce Future Taxes

EAGLEVAIL METROPOLITAN DISTRICT COMPLETES SUCCESSFUL

REFUNDING OF BONDS TO REDUCE FUTURE TAXES

 

The EagleVail Metropolitan District completed the refinance of its 2009 bonds at lower interest rate which will reduce future borrowing costs and taxes for EagleVail property owners. Refunding of the bonds will reduce future borrowing costs by about ten percent (10%) on $5 million in bonds. The interest rate on the newly issued bonds is just below three percent (3%) as compared to an average rate of 4.85% on the previously issued bonds in 2009.  The new bonds have the same repayment term as the original 2009 bonds with a final maturity in 2035. The net present value of the interest savings is $555,000, or about ten percent of the bonds outstanding. No increase in debt was incurred through this refunding.

 

The financial benefits will directly benefit taxpayers in EagleVail by reducing the taxes levied for debt service. The interest cost and corresponding property taxes will be reduced in 2018 through a reduction in the mill levy rate. For a home valued at $500,000, the savings will be approximately $16 per year. A proportional amount will apply to homes with a greater value.

 

A refunding involves issuing new bonds that will be used to repurchase previously outstanding bonds to take advantage of lower interest rates. The bonds were rated A+ by S&P and were oversubscribed. The underwriter was Stifel, a leading underwriter of state and local debt throughout the US. The debt service was less than originally approved by taxpayers in 2009, and therefore there was no requirement to seek taxpayer approval to reduce the interest cost of the debt.

 

About the EagleVail Metropolitan District

The EagleVail Metropolitan District is a “special district” under Colorado law that provides recreation amenities to residents. EagleVail is nestled between the world famous ski resorts of Vail and Beaver Creek in the high rockies of Colorado. EagleVail has about 1,450 homes and 3,000 residents.

EVMD & EVPOA Board Meeting - Special Meeting & Work Session Read more

EVMD & EVPOA Board Meeting - Special Meeting & Work Session

12/7/2017 5:00 PM

A SPECIAL MEETING of the EVMD & EVPOA Boards of Directors is 
SCHEDULED for:
Thursday, December 7th, 2017
5:00pm
at the EagleVail Golf Clubhouse, 459 Eagle Dr.


A WORK SESSION of the EVMD & EVPOA Boards of Directors is 
SCHEDULED for:
Thursday, December 7, 2017
immediately following the Regular Meeting scheduled at 5:00pm
at the EagleVail Golf Clubhouse, 459 Eagle Dr.
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