HomeMy WebLinkAbout2020-10-14 TROC Meeting Results
Timber Ridge Operating Committee
Meeting Minutes
Tuesday, October 14, 2020
8:30 – 9:30 AM
Zoom Meeting
75 South Frontage Road West, Vail, CO 81657
Members Present: Members Absent:
Kathleen Halloran
John King
George Ruther
Scott Robson
Greg Hall
Corum Real Estate: Vail Resorts:
Ericka Weston Jeremy Stephani, Senior Manager Employee Housing
Zach Yeo, Employee Housing Manager
Mandy Whitehouse, Housing Director
Staff:
Lynne Campbell
Agenda:
1. Call to Order
Meeting was called to order at 11:00AM.
2. Timber Ridge Apartments Lease Amendments
The purpose of the meeting is to insure everyone is working from and accurate
and current lease today. Discussion ensued regarding previously reviewed lease
amendments from 2019. Changes presented at that time were approved by VR
staff, TROC members, Corum Real Estate and the Town’s attorney however an
addendum was never executed.
Two goals are noted. First to update current lease with appropriate changes for
how Timber Ridge is being rented and managed. Second, prepare lease renewal
on May 1, 2021 for all other updates. Items listed in the 2019 document were
reviewed.
A. Unit trade of K4 to P12 has already occurred.
B. Fees. Jeremy and Ericka will review fees. VR will adjust their current fees to
match Corum. Other changes required will occur at lease renewal May 1,
2021.
C. Clean up vagueness of text.
D. 7c change was to clarify which party, VR or Corum, responsible for
maintenance.
E. 7d was to clarify reporting. Corum will redline this section.
H. Pet. Language will be removed. VR will add their pet addendum which
is for service animals.
I. Redundant, clean up.
J. Weekly report. To be discussed further with VR and Corum.
K & L OK. VR and Corum will review further.
TROC members noted changes were operational issues between Corum and
VR.
Jeremy and Ericka will review the existing addendum and update with existing
changes and remove redundancies and have prepared for the November 24,
2020 regular TROC meeting.
3. Meeting Adjourned at 11:40AM
4. Future Agenda Items
2021 Budget, October 27, 2020
5. Next Meeting October 27, 2020
Please call 970-479-2136 for additional information. Sign language interpretation
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