I. Name: First Middle Last. Street Address (including Town): Mailing Address (including Town): Phone Numbers: Daytime Evening.

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1 Town of Vail Resale Lottery Application Applying as a couple to own the property jointly? Complete the application in the person s name with the greatest verifiable longevity in the Valley. I. Name: First Middle Last Street Address (including Town): Mailing Address (including Town): Phone Numbers: Daytime Evening Address: II. Basic Eligibility (please initial all items) A. I am entering the 1- and 2-bedroom lottery; OR I am entering the 3-bedroom lottery. I am eligible for the 3-bedroom lottery as my family size includes a minimum of 3 people. (For the purposes of determining family size, applicants may include all persons related to the applicant by blood, marriage, or adoption. Qualifying dependents must be continuously listed on federal income tax forms. See Section IV, Paragraph 6 of the Town of Vail Employee Housing Guidelines for this requirement in its entirety.) OR I am entering BOTH lotteries. (The same requirements for the 3-bedroom lottery apply.) B. Household Members Name: Age: Relationship: YOU MUST COMPLETE THE FIRST THREE PAGES AND THE LAST PAGE EVEN IF YOU HAVE PREVIOUSLY SUBMITTED AN APPLICATION OR OWN A TOWN OF VAIL DEED RESTRICTED UNIT LOTTERY APPLICATION PAGE 1 OF 7

2 C. I do not currently own vacant land or a residence in Vail or elsewhere in Eagle County as of June 2, 2017, OR I currently own a deed-restricted unit with a resale appreciation cap. I understand that if I am selected to purchase a unit, I will have to close on said unit according to a reasonable schedule set by the Town. I will be responsible for arranging any financing necessary in order to carry two mortgages until such time as the Town of Vail can sell my current unit. I understand that the Town of Vail does not make any guarantees as to the date of sale for my current unit. D. If selected in the lottery, I will use the residence as my primary home. More specifically, the property will be utilized only as my exclusive and permanent place of residence. A permanent residence shall mean the home or place in which one s habitation is fixed and to which one, whenever he or she is absent, has a present intention of returning after a departure or absence therefrom, regardless of the duration of absence. (In determining what is a permanent residence, Town staff shall take the following circumstances relating to the owner of the residence into account: business pursuits, employment, income sources, residence for income or other tax purposes, age, marital status, residence of parents, spouse and children if any, location of personal and real property, and motor vehicle registration.) E. I am currently working an average of hours per week at the following business(es) located within Eagle County which are registered with business licenses within the appropriate jurisdiction (Town of Vail, Town of Avon, etc.) I intend to continue to work for this (these) Eagle County business(es) for an average of at least 30 hours per week in the future. F. I have attached a legible copy of my current pay stub(s). G. I am aware that 75% of my income must be earned at a licensed Eagle County business. I have attached legible copies of my 2016 Federal Income Tax Return (1040) and all 2016 forms (i.e. W2s, 1099s, etc.) H. I have attached a legible copy of my current Colorado driver s license. I. I have secured a mortgage prequalification based on a full credit report and have attached a letter from a lender stating my maximum purchase price. J. I am aware that the application and all documentation must be submitted no later than 12:00 noon on June 2, 2017, at the Town of Vail Community Development Department. I am aware that this packet in its entirety will become the property of the Town of Vail, so I have included photocopies of any original documentation that I wish to keep. LOTTERY APPLICATION PAGE 2 OF 7

3 INITIAL HERE IF YOU ARE A CURRENT TOV DEED-RESTRICTED UNIT OWNER. DOCUMENT YOUR EMPLOYMENT HISTORY FROM YOUR DATE OF PURCHASE TO THE PRESENT - THEN SKIP TO CERTIFICATION INITIAL HERE IF YOU ARE A PREVIOUS LOTTERY APPLICANT. DOCUMENT YOUR EMPLOYMENT AND RESIDENCY HISTORY FOR THE TIME FRAME BETWEEN YOUR LAST SUBMITTAL AND THE PRESENT - THEN SKIP TO CERTIFICATION III. Longevity in the Area A. Employment Current years of employment in Vail will be weighted 3:1 over current years of employment elsewhere in Eagle County. All years of employment prior to an absence from Eagle County will be given points at a 1:1 ratio regardless of location within Eagle County. Below, list each business for which you have worked within Eagle County. Begin with the most recent. Include the name of the business, the street location and town where you worked, the duration of employment (e.g. 11/98 to 5/17), and the total number of years and employed at that location. If your employer has several business locations in the County and for example, you worked at different locations for different seasons, list each physical location at which you worked separately. Describe the documentation you have attached for each time period and location. Do not put phone numbers on the documentation lines - we will not verify any employment without documentation. If affidavits are used, they must be notarized. If you are applying as a couple to jointly own the property, provide the employment history of the one person whose documented record is the longest. Business Name and Physical Location Duration of Total Documentation Phone Number (Street Address and Town) Employment years/ (e.g. W-2s, income tax (mm/yy to mm/yy) records, check stubs, etc.) 1. / to / years 2. / to / years LOTTERY APPLICATION PAGE 3 OF 7

4 3. / to / years 4. / to / years 5. / to / years 6. / to / years 7. / to / years 8. / to / years 9. / to / years 10. / to / years ADD ADDITIONAL PAGES, IF NECESSARY LOTTERY APPLICATION PAGE 4 OF 7

5 B. Residency Current years of residency in Vail will be weighted 3:1 over current years of residency elsewhere in Eagle County. All years of residency prior to an absence from Eagle County will be given points at a 1:1 ratio regardless of location within Eagle County. Below, list each place you have lived within Eagle County. Begin with the most recent. Include the physical location (street address and town), the duration of residency (e.g. 11/98 to 5/17), and the total number of years and lived at that location. Describe the documentation you have attached for each time period and location. Do not put phone numbers on the documentation lines - we will not verify any residency without documentation. If affidavits are used, they must be notarized. If you are applying as a couple to jointly own the property, provide the residency history of the one person whose documented record is the longest. Residence Location Duration of Total Documentation Provided (Physical Address, Residence Years/Months (e.g. leases, utility records or Unit #, and Town) (mm/yy to mm/yy) bills, voter registration, etc.) NO PHONE NUMBERS 1. / to / years 2. / to / years 3. / to / years 4. / to / years LOTTERY APPLICATION PAGE 5 OF 7

6 5. / to / year 6. / to / years 7. / to / years 8. / to / years 9. / to / years 10. / to / years ADD ADDITIONAL PAGES, IF NECESSARY. LOTTERY APPLICATION PAGE 6 OF 7

7 CERTIFICATION I/We affirm that foregoing information is true, complete and accurate as of this day of, I/We understand that any inaccuracy or incomplete statements will disqualify me/us from eligibility for purchase of a unit. I/We have read the Master Deed Restriction and the Town of Vail Employee Housing Guidelines (available on the web at under Town Services, Housing.) I/We understand the implications of each, and will abide by them if selected to purchase a unit. I/We understand that this application in its entirety will become the property of the Town of Vail. I/We also understand that the deadline for submitting these materials is 12:00 noon on June 2, I/We understand that incomplete applications will not be accepted or scored. I/We understand that the lottery will be held on July 13, 2017, at 5:00 p.m. in the Town of Vail Council Chambers. I/We also understand that I/we or my/our representative must be present at the start of the lottery in order to be entered into the drawing. I/We understand that this list will be in effect for one year. If within that time I/we are offered an available unit, and decide against purchasing said unit, I/we understand that I/we will be dropped to the end of the current list with the exception of 1 "bye." I/We understand that I/we will have three (3) business days to decide whether to purchase the unit. I/We have the ability to put 3% of the purchase price down as earnest money at the time of signing the contract. I/We understand that the Town of Vail will not be responsible for contacting me if I am out of town. The mortgage lender prequalification letter that I/we have submitted from is an accurate reflection of my/our financial status. I/We realize that securing a loan commitment will require additional review by a lender and past financial records will be scrutinized. I/We realize that I/we may lose my/our earnest money if I/we have made faulty statements in the prequalification process and cannot secure a permanent mortgage loan commitment or otherwise do not proceed to closing after signing a contract. Signed this day of, 2017, by signature and. signature print or type name print or type name LOTTERY APPLICATION PAGE 7 OF 7