Eagle-Vail recently passed and bond issue for $7mm which will allow the community to reinvest in its ageing assets.  Eagle-Vail often times confused with Vail Eagle Airport is located between Vail and Beaver Creek and is made up of roughly 60% full time residents and 40% second home owners.

 

After 34 years the residents have decided its time to brighten up the neighborhood. There were many voters who questioned whether or not this is the time to raise taxes by 5 mils.  Others answered with “when will the time be right to raise taxes?”  Many believe by moving forward now the community will get a head start on improvements and repairs at a better price. 

 

The $7mm will go a long way towards reinventing the neighborhood.  The Metro District will sell bonds to raise the money by years end.  At the top of the list will be the construction of a new swim facility followed by deferred maintenance on the golf course, the Pavilion, tennis courts and parks.  Money will be allocated for dredging of the water ways and tree maintenance.  Other money will be allocated in conjunction with monies contributed by the Property Owners Association to enhance the curb appeal of the neighborhood through burying of power lines and a implementing a new updated look for the signage for the community. 

 

Briefly, the reinvention of Eagle-Vail has been in process for the past 3 ½ years.  The process started with a survey to find what the community liked, didn’t like, and wanted to see going forward.  Next the community was invited to get involved with a consulting/consulting firm see what the homeowners would like to see in the neighborhood. 

 

It was followed by an engineering study assessing the neighborhood facilities to get a grasp on deferred maintenance issues and future maintenance needed going forward for 20 years and an estimate of how many dollars all of it would take.

 

Next an Urban Land Institute (ULI) study was commissioned to assess where Eagle-Vail is today and where it could be in 20 years.

 

With all of that info and public input the next year was spent first figuring out how many dollars it would take to reinvent Eagle-Vail followed by several public meetings, followed by the world changing, followed by a reassessment, followed by more public meetings, culminating in the bond election.

 

I think this is a great time for Eagle-Vail to reinvest in its self and by the time the improvements and deferred maintenance items are dealt with Eagle-Vail will be a shinning star when this economy finally turns around.  Will $7mm fix everything and fulfill the long range plans, no, but it is a great start.

 

In my opinion, Eagle-Vail is undervalued today when compared to comparable Vail Valley neighborhoods and now is the time to make a home purchase if you want to catch the next upswing in property values.

 

Contributed by John Nichols jnichols@gatewayland.com Office: 970.926.6777 | Cell: 970.331.6611 | Fax: 970.926.2698 http://www.johnnicholsrealtor.com

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