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HomeMy WebLinkAbout2021-03-10 TROC Results TOWN OF VAI t Timber Ridge Operating Committee Results Wednesday, March 10, 2021 8:30AM — 9:OOAM Zoom Virtual Meeting 75 South Frontage Road West, Vail, CO 81657 Members Present: Members Absent: Scott Robson Kathleen Halloran, arrived 8.49AM Greg Hall George Ruther John King Corum: Ericka Weston Brandon Crow Staff: Lynne Campbell Agenda: 1. Timber Ridge Master Lease Turn Over and Leasing The Committee discussed with Corum timing and next rental steps. Corum will be informed by VR when tenants have been notified lease is up. Per master lease VR is to return units cleaned and repairs completed. Full painting and carpets are Corum responsibility. Corum will need to contract turn over work in order to complete in timely manner, too much for their one maintenance person. VR informed Corum they may want to hold a few units after lease expires. Rents would be new fee and separate leases not tied to VR master lease. Corum will perform walkthrough of units and provide TOV list by end of April. VR deposit must be returned within 60 days of last unit being turned over. Hall asked Corum to provide estimated turn costs and revenue loss before 2nd supplemental reading on April 6t" TOV will work with communications department to notify public of rental opportunities. 2. Adjournment Meeting adjourned at 9:OOAM. The next scheduled meeting of the Timber Ridge Operating Committee is March 30, 2021. Please call 970-479-2136 for additional information. Sign language interpretation is available upon request with 48 hour notification dial 711.