Loading...
HomeMy WebLinkAbout2020-05-26 TROC Minutes Timber Ridge Operating Committee Results Tuesday, May 26, 2020 8:30 – 9:30 AM Zoom Meeting 75 South Frontage Road West, Vail, CO 81657 Members Present: Members Absent: Kathleen Halloran Scott Robson George Ruther Greg Hall John King Staff: Lynne Campbell Corum: Erika Weston Brandon Crow Agenda: Meeting called to order at 8:32 AM present is John King, George Ruther and Kathleen Halloran. 1. Review and Approve April 28, 2020 Meeting Results MOTION: Ruther SECOND: King VOTE: 3-0 Approved 2. Kumar Rockfall Update Hall provided information for meeting; no action needed at this time. Add to June agenda. 3. Building M Flooring in tub surround in today, glitch is door shipment. Is to occur May 27. Contract to follow up with King. If doors ship today job in on time. There was damage to a unit, they will be fixed and including some bad water values. Change order should be less than $1K. Job completion scheduled for 6 weeks with work beginning end of April. 4. Other Business Rent relief, Focus on financial need vs relief to all tenants. Weston: have to show proof of reduction of hours, one lease holder 25% reduction or furloughed. Provide letter from employer. Corum will reach out to all to determine who qualifies for relief. Goal to have update by Thursday May 29. Committee: Ruther hadn’t heard from Carlie Smith, Finance, regarding Salvation rd party to handle rent relief. Crow spoke to the Salvation Army which is Army as 3 one organization offering help for those affected by COVID-19, Swift Eagle Charity is offering assistance too. Halloran noted only $9K spent of the $50K has been spent. Salvation Army to update finance Wednesday. Halloran suggested using the Salvation Army funds provided rather than use Timber Ridge funds. King agreed. King suggested using rd party to review for contested decisions. a 3 Use $43K in rent relief fund with Salvation Army, they make decision on relief, all of portion of rent taken from $43K, TR made whole. Halloran stated TOV could give criteria for review of Timber Ridge rent relief. They would cut checks to Timber Ridge not the tenant. Corum hasn’t seen anything from Salvation Army at this time. Salvation Army still working through many applications. Halloran asked what turn-around time was. Next steps: Use Salvation Army, how to provide direction for Salvation Army to provide up to? or can they go more? Army will ask how much owed to Timber Ridge, will verify with Crow. Good questions to ask Salvation Army. Should TOV encourage a limit of 50% of rent? King: thinks we should have ability to make an exception to tenants’ situation. Find out how determination of need is calculated. Who is contact at Salvation Army? Ruther will locate Salvation Army contact. For other residents getting assistance from Salvation Army or is there a deferred payment option for other. King deferred option best but be flexible to allow for other resources. Summary If financial needed, determined by Salvation army if not need then 100% of rent due by tenants in June. Weston what happens to those who cannot pay. Will deposit allocation be opened to use? So far only one tenant is in dire straits. Crow thinks with all available funding options (SA, Catholic Charities, etc.) doesn’t think security deposits will be needed. Crow trying to avoid deferred payments. Committee decided to not use security deposits for month of June, hold for July or later if needed. Per Halloran is able to come back to Town for additional funding. Corum will communicate with residences ASAP about June rent payment options. Ruther will circle back with group after speaking with SA. 5. Adjournment Meeting adjourned at 9:00 AM MOTION: Ruther SECOND: King VOTE: 3-0 Approved 6. Future Items for Discussion Timber Ridge Redevelopment Note Pay Down or Off Approval of May 19, 2020 Next Meeting June 30, 2020 Please call 970-479-2136 for additional information. Sign language interpretation is available upon request with 48-hour notification dial 711.