HomeMy WebLinkAbout2021-02-09 TROC Results TOWN OF VAI t
Timber Ridge Operating Committee Results
Tuesday, February 9, 2021
1:00 PM — 2:00 PM
Zoom Virtual Meeting
75 South Frontage Road West, Vail, CO 81657
Members Present: Members Absent:
Scott Robson
Kathleen Halloran
George Ruther
John King
Greg Hall, 1.13PM
Corum:
Ericka Weston
Staff:
Lynne Campbell
Agenda:
1. Timber Ridge Master Lease
The Committee reviewed Council comments regarding lease renewal. Ruther is
anticipating returning to another executive session February 16t". Council was not
keen on a lease renewal rather potentially offering to other in Town employees. Goal
of today's meeting is to come up with an alternative suggestion for Council.
Options:
• Two-year renewal, 60 day termination pending redevelopment
• One-year lease for 1-2 buildings
Council asked for vacancy loss on the 55 units. Weston will calculate and provide to
Committee by end of business tomorrow.
Seek positive messaging to the community regarding any rental changes.
April-May difficult time to fill units. Who are top 5-10 Vail employers?
Ruther will write memo summarizing today's meeting for Council's executive session
on February 16tn
2. Adjournment
Meeting Adjourned at 1:52PM.
The next scheduled meeting of the Timber Ridge Operating Committee is
February 23, 2021.
Please call 970-479-2136 for additional information. Sign language interpretation
is available upon request with 48 hour notification dial 711.