HomeMy WebLinkAbout2023-02-28 TROC Agenda
Timber Ridge Operating CommitteeAgenda
Tuesday, February 28, 2023
8:30AM –9:30AM
Zoom Virtual Meeting
75 South Frontage RoadWest, Vail, CO 81657
Members:
Russell Forrest, Town Manager
Kathleen Halloran, Deputy Town Manager
Greg Hall, Public Works Director
John King, Facilities Manager
George Ruther, Housing Director
Carlie Smith, Finance Director
Corum Property Management:Staff:
Erica Weston –Regional Portfolio ManagerMissy Johnson, Housing Coordinator
JocelynGarcia–Property ManagerMartha Anderson, Housing Coordinator
Agenda:
1.Call to Order
2.Approval of Minutes
a.January 31, 2023 Minutes
3.Review of Resident Survey
4.SupplementalBudget Items
5.Adjournment
The next scheduled meeting of the Timber Ridge Operating CommitteeisMarch
28, 2023.
Please call 970-479-2136 for additional information. Sign language interpretation
is available upon request with 48-hournotification dial 711.
Timber Ridge Operating Committee
Tuesday, January 31,2023
8:30AM– 9:30AM
Zoom Virtual Meeting
75 South Frontage RoadWest, Vail, CO 81657
MembersPresent: Members Absent:
Kathleen Halloran, Deputy Town ManagerRussell Forrest, Town Manager
Greg Hall, Public Works Director
John King, Facilities Managervia phone
George Ruther, Housing Director
Carlie Smith, Finance Director
Corum Property Management:
Erica Weston – Regional Portfolio Manager
Jocelyn Garcia – Property Manager
Staff:
Missy Johnson, Housing Coordinator
Martha Anderson, Housing Coordinator
A quorum of the Timber Ridge Operating Committee (Committee) members being
present the meeting was called to order at 8:44AM.
Ruther provided an update regarding the Timber Ridge Project. There will also be a full
update coming up at the Town Council Meeting next Tuesday Evening, February 7.
The comparable of the cost per square footage is on par with Residences at Main Vail,
although the size if Timber Ridge is significantly larger. The group (current developer in
conjunction with Town of Vail) will continue to look to see if there are other ways to
develop the project into phases of the build. Everyone is still focusing on May of 2024
occur.
Corum began the discussion aboutLease Renewals and Seasonal Leases. The request
from Town of Vail was to not go beyond May 1, 2024.
Vail Resorts’ master leases start each August so we will want to provide themwith
updates regarding 9- or 10-month leases with a 60-day notice. The group agrees that
st
the seasonal no leases extend beyond May 1and provide some seasonal leases in
Fall of 2023.
We need to aim to have a fully vacant residence by May 1, 2024. Corum will determine
the tenants’ rights regarding the hold-over and be sure the correct paperwork is in
place.
A solid communications plan with the tenants was suggested and air on the side of
caution. The Town of Vail could provide some high-level communication regarding the
development plan, including an addendum to the lease.
Images provided a set of photos for grant funding and it is
worth exploring any projects
to complete on an ongoing basis. Further exploration should take place regarding
appliance repair/contracts such as washers/dryers. Currently, there are 4 washers and
4 dryers out of service.
A supplemental is coming up in March so that would be a good time to add
The Committee agreed no further business to discuss. Motion made to adjourn.
Motion: John King Second: Kathleen Halloran Vote: 5-0-0
Meeting adjourned at 9:20AM.
Next Meeting – February 28, 2023.
Respectfully submitted.
M
issy Johnson, Housing Coordinator