HomeMy WebLinkAbout2012-23 Approving Scope of Services to Triumph Vail MOB LLC for Municipal Site RedevelopmentRESOLUTION NO. 23
SERIES 2012
A RESOLUTION APPROVING A SCOPE OF SERVICES AND A FEE FOR TRIUMPH VAIL
MOB, LLC FOR CERTAIN DEVELOPMENT MANAGEMENT SERVICES RELATED TO THE
TOWN OF VAIL MUNICIPAL SITE REDEVELOPMENT; AUTHORIZING THE TOWN
MANAGER TO EXECUTE A DEVELOPMENT MANAGEMENT AGREEMENT ON BEHALF
OF THE TOWN FOR THE PROVISION OF SAID SERVICES; AND SETTING FORTH
DETAILS IN REGARD THERETO
WHEREAS, the Town of Vail, in the County of Eagle and State of Colorado (the "Town"),
is a home rule municipal corporation duly organized and existing under laws of the State of
Colorado and the Vail Town Charter;
WHEREAS, the Town Council wishes to contract with Triumph Vail MOB, LLC to
manage certain aspects of the redevelopment of the property located at 75 South Frontage
Road, Vail;
WHEREAS, the Town Council wishes to approve a development management fee and a
scope of services in this Resolution, with an agreement to be prepared and executed later.
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF
VAIL, COLORADO, THAT:
1. The Town Council hereby approves the scope of services attached hereto as
Exhibit A and incorporated herein by this reference (the "Services"), and authorizes Triumph
Vail MOB, LLC to provide the Services in accordance with a development management
agreement to be approved by the Town Attorney and executed by the Town Manager.
2. The Town Council hereby authorizes the payment of a 7% fee to Triumph Vail
MOB, LLC, as compensation for the satisfactory completion of the Services in accordance with
the development management agreement.
3. The Town Council hereby authorizes the Town Manager to execute the
development management agreement upon approval of the form of the development
management agreement by the Town Attorney.
INTRODUCED, PASSED AND ADOPTED AT A REGULAR MEETING OF THE TOWN
COUNCIL OF THE TOWN OF VAIL HELD THIS 15T" DAY O MAY, 2012.
Andrew P. ,
ATTE T:
.
ore i Donaldson, Town Clerk
Resolution No. 23, Series of 2012
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