The Mountain Village Town Council approved the 2007 budget on Tuesday.
The estimated general expenditures for Mountain Village will be approximately $10 million next year, with estimated revenue of $12 million. The approved budget also contains $6 million in surplus.
Council members discussed options of what the revenue surplus and $6 million surplus should be used for. Besides small in-house projects, the extra funds will be used to lower the debt.
Applications for Liquor License Not Approved
The request for a New Tavern Liquor License by Cornerstone Club Mountain Village Holdings, LLC was denied by the Mountain Village Town Council on Tuesday.
The establishment, intended to be open to the public, is located near the Telluride Conference Center. Council members expressed doubt that the area needs another liquor establishment, and were concerned that members might buy drinks on a tab, with the tax revenues collected by Montrose, where the Cornerstone main office is.
"I am concerned that if we grant this license that every other real estate office in town is going to want one too," said Mountain Village Mayor Davis Fansler.
Telski Food and Beverage Services withdrew their application for an additional license to be used in the area at the bottom of Lift 4 known as "The Beach."
A Telski representative told council members that they wanted to sell beer at certain events throughout the season and it would not be a full time bar.
Instead of applying for a permanent liquor license, council members suggested that they should apply for a temporary modification premise instead of a permanent license.