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HomeMy WebLinkAbout2017-07-25 Timber Ridge Operating Committee Meeting Results Timber Ridge Operating Committee Meeting Results Tuesday, July 25, 2017 8:30 – 9:30AM Town of Vail Municipal Administration Conference Room 75 South Frontage Road West, Vail, CO 81657 Committee Members Present: Greg Hall John King George Ruther Corum Staff Present: Cicely Crampton, Regional Manager David Leiby, Timber Ridge Property Manager Town Staff: Shelley Bellm A quorum being preset George Ruther called the meeting to order at 9:10 AM. Agenda: 1. Building L Renovation Progress Discussion did not occur regarding this progress. Below are notes provided by David as to current progress and status of Building L. Building L – Renovation Update Progress Schedule • PrimeStar Property Solutions has completed unit painting, interior trim replacement, countertop replacement, plumbing installations and tub and shower enclosure in all 18 units. • Drywall has been hung and “mudded” in the bathroom remodels for units L-01, L-02, L-03, L-04, L-05, L-06, L-11, L-12, L-15 AND L-17. All bathroom remodels are being textured currently with estimated completion of 7/26/17. All inspections have passed. • Billings to date through pay application #4 total $200,130.75 of the total contracted amount of $223,431.00 or 89.57%. Estimated completion date for project minus back ordered front doors is 7/29/17. This includes 2 change orders for minor mold remediation. • As the project has been delayed and as missed its original completion date, we anticipate a greater rental concession to Vail Resorts. The original 45 day concession total was $34,173.00, we anticipate an additional $23,148.00 will be due in concessions by the time the project is completed. First change order could be recouped if a capital project is moved to next year. 2. Parking Lot Resurfacing Obstacles David said a parking solution has been found and 45 cars will be parking at the Lionshead Transportation Center while others will park at the Post Office as long as there is no interference with daily activities. Estimated time frame for work is the week of July 31st. There may be some flexibility with the schedule based on contractor’s timeline. Another recommended solution is to see if Vail Resorts employees can part at their maintenance shop, day lot and Glen Lyon office building instead of utilizing the Lionshead Transportation center. David is to advise Committee when he has exact dates. 3. Plumbing: water main has been found, it is located behind wall. The main is for all buildings and access panels have been added to each building for ease of water main access. 4. Budget: Kathleen is out and will deal directly with Corum. Please indicate any needs directly to Kathleen. 5. Review and Approve June 27, 2017 Meeting Results The Committee did not review or approve the June 27, 2017 meeting results. This item will be added to the next regular TROC meeting. 6. Adjournment Motion: John King Second: Greg Hall Vote: 5-0 Meeting adjourned at 9:15AM. Future Items • 2018 Budget