HomeMy WebLinkAbout2017-01-31 TImber Ridge Operating Committee Meeting ResultsTimber Ridge Operating Committee 1
Minutes Timber Ridge Operating Committee (TROC) January 31, 2016 at 8:30 AM Attending the meeting were committee members: Kathleen Halloran Lynne Campbell Greg Hall
George Ruther Stan Zemler Corum staff attending the meeting: Cicely Crampton Dave Lieby
The meeting was called to order at 8:35 AM. 1. Minutes Kathleen Halloran motioned to approve the October 25, 2016 minutes. Stan Zemler
seconded the motion. There was no further discussion and the motion passed unanimously. 2. Unit Renovations
• Corum reviewed 2016 renovations and upcoming 2017 renovations
• Renovation of 18 units in Building L
• 3 bids will be obtained from Yampa Valley, Crime Star Solutions and Interstate
however Corum would like to use previous contractor Yampa Valley.
• Replacement of electric, HVAC, plumbing and appliances
• 52 – 6 foot heaters are back ordered
• Notices will be posted next month
• Budget may go over by $600 due to HVAC
• Start in February
o All new except appliances & cabinets
o Tub surrounds o Door change out flat to 6 panel o Stain fix
o Full interior remodel
o Fixtures, ceiling fans
o GFI to bring to code o Heaters and thermostats o Plumbing H2O expansion and drain pans
o Appliances updated during ?LR apts
o All 18 units vacated with a 6 week turn around
o Lost revenue to TOV but part of lease negotiation with VR o Building permits needed for electrical and mechanical o Replace wye stack in plumbing due to age, approximately $150 per
connection
o Drawings needed will require additional time
Timber Ridge Operating Committee 2
o Town said typical drawings will be accepted for permitting o Corum asked if subfloor in baths need to be replaced, Ruther to check
with building department
o Corum doesn’t have to do subfloor o Being proactive for leak prevention 3. Roof Snow Removal
Mr. Leiby reported that he had received three bids for repaving the parking lot. A-Peak had the highest bid but most comprehensive and they are more capable of completing the job as bid with cost over runs. Their bid was $102,000 but there were savings from the remodels of $47,000 and that if that were transferred, it would more than cover the difference in the bid. Public Works would review the bids and make
the final decision, but the remodel savings could be moved, fi needed. Mr. Leiby also stated that CIRSA had inspected the property and found no issues, no hazards. This is the first fully clean inspection that Timber Ridge has had.
Mr. Leiby also reported that there has been damage to new counter tops from people not using cutting boards and that replacement of the tops will be charged back to Pinnacle, since it resulted from tenant misuse. Stan Zemler requested that Corum purchase cutting boards to protect new kitchen countertops as a preventive maintenance expense.
4. 2016 Final Fiscal Discussion 2016 Asphalt overlay has to be rolled to 2017 due to weather delays in the fall of ’16 A-Peak Asphalt to perform work for approximately $101K in June; George suggested maximizing parking spaces with new striping.
Kathleen reported that revenue exceeded expenditures by $3,178 which included operational savings of $2500. Fund balance at year end is approximately $957K. There being no further business, a motion to adjourn was made by Kathleen Halloran,
seconded by George Ruther and the motion carried unanimously at 9:30 AM. The next regularly scheduled TROC meeting is February 28, 2017. Respectfully Submitted,
Lynne Campbell
Housing Coordinator