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HomeMy WebLinkAbout2012-23 Approving Scope of Services to Triumph Vail MOB LLC for Municipal Site RedevelopmentRESOLUTION NO. 23 SERIES 2012 A RESOLUTION APPROVING A SCOPE OF SERVICES AND A FEE FOR TRIUMPH VAIL MOB, LLC FOR CERTAIN DEVELOPMENT MANAGEMENT SERVICES RELATED TO THE TOWN OF VAIL MUNICIPAL SITE REDEVELOPMENT; AUTHORIZING THE TOWN MANAGER TO EXECUTE A DEVELOPMENT MANAGEMENT AGREEMENT ON BEHALF OF THE TOWN FOR THE PROVISION OF SAID SERVICES; AND SETTING FORTH DETAILS IN REGARD THERETO WHEREAS, the Town of Vail, in the County of Eagle and State of Colorado (the "Town"), is a home rule municipal corporation duly organized and existing under laws of the State of Colorado and the Vail Town Charter; WHEREAS, the Town Council wishes to contract with Triumph Vail MOB, LLC to manage certain aspects of the redevelopment of the property located at 75 South Frontage Road, Vail; WHEREAS, the Town Council wishes to approve a development management fee and a scope of services in this Resolution, with an agreement to be prepared and executed later. NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO, THAT: 1. The Town Council hereby approves the scope of services attached hereto as Exhibit A and incorporated herein by this reference (the "Services"), and authorizes Triumph Vail MOB, LLC to provide the Services in accordance with a development management agreement to be approved by the Town Attorney and executed by the Town Manager. 2. The Town Council hereby authorizes the payment of a 7% fee to Triumph Vail MOB, LLC, as compensation for the satisfactory completion of the Services in accordance with the development management agreement. 3. The Town Council hereby authorizes the Town Manager to execute the development management agreement upon approval of the form of the development management agreement by the Town Attorney. INTRODUCED, PASSED AND ADOPTED AT A REGULAR MEETING OF THE TOWN COUNCIL OF THE TOWN OF VAIL HELD THIS 15T" DAY O MAY, 2012. Andrew P. , ATTE T: . ore i Donaldson, Town Clerk Resolution No. 23, Series of 2012 ��oF.!!q!� >: : . . . . . � . . �� . ;•,••• •..•.�: . ••....• �e.�