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HomeMy WebLinkAbout2021-05 Approving a Cost Sharing Agreement with VRD for Replacement and Upgrade of GreensRESOLUTION NO. 5 Series of 2021 A RESOLUTION APPROVING A COST SHARING AGREEMENT BETWEEN THE TOWN OF VAIL AND THE VAIL PARK AND RECREATION DISTRICT WHEREAS, on June 12, 2019, The Town and the VRD entered into a lease under which the District operates the Vail Municipal Golf Course and is responsible for all maintenance of the golf course; WHEREAS, the District is contracting for the replacement and upgrade of the existing playing surface of all 18 greens on the Golf Course, including improved subdrainage, substructure and new playing surface, over a period of 3 years (the and WHEREAS, because of the public benefit provided by the Golf Course, the Town wishes to contribute to the Project pursuant to the Cost Sharing Agreement, attached hereto as Exhibit A IGA . NOW THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO THAT: Section 1. The Town Council hereby approves the IGA in substantially the same form as attached hereto as Exhibit A, and in a form approved by the Town attorney, and authorizes the Town Manager to execute the IGA on behalf of the Town. Section 2. This Resolution shall take effect immediately upon its passage. INTRODUCED, PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of Vail held this 2nd day of February 2021. _________________________ Dave Chapin, Town Mayor ATTEST: _____________________________ Tammy Nagel, Town Clerk 3 1/28/2021 S:\FINANCE\LEASES\VRD\GREENS COST SHARE-A123020.DOCX IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective Date. TOWN OF VAIL ________________________________ Scott Robson, Town Manager ATTEST: _____________________________ Tammy Nagel, Town Clerk VAIL RECREATION DISTRICT ________________________________ Mike Ortiz, Director ATTEST: _____________________________