HomeMy Public PortalAboutResolution 2024-03-10 Amended Agreement for Planning and Preconstruction Development Services with MAHD LLC and Allocation of Corresponding FundsTOWN OF FRASER
RESOLUTION NO. 2024-03-10
A RESOLUTION AUTHORIZING THE TOWN MANAGER TO EXECUTE AN AMENDED
AGREEMENT FOR PLANNING AND PRECONSTRUCTION DEVELOPMENT SERVICES
WITH MOUNTAIN AFFORDABLE HOUSING DEVELOPMENT LLC AND ALLOCATION OF
CORRESPONDING FUNDS
WHEREAS, the construction of Victoria Village remains a top Board priority;
WHEREAS, the existing Agreement for Planning and Preconstruction Development
Services with Mountain Affordable Housing Development LLC (MAHD) outlines estimated
expenditures of $3,178,065 for expenses related to Planning and Programming as well as
Design and Preconstruction;
WHEREAS, the existing Agreement requires the written consent of the Town and
amendment to the agreement for any amount to exceed the approved Planning and
Programming cost of $762,715;
WHEREAS, $320,000 is required at this time to continue with ongoing Design and
Preconstruction work to keep the Victoria Village project moving towards the construction
phase anticipated to begin in Quarter 3 2024.
THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF
FRASER, COLORADO THAT:
1. The Town Manager is authorized to sign an amended Agreement for Planning and
Preconstruction Development Services with Mountain Affordable Housing
Development LLC providing for an expenditure not to exceed a total fee of
$1,082,715.
2. $320,000 from the General Fund Unassigned Fund Balance be allocated to the
Town Board Victoria Village Project Fund (10-41-865) to cover this expenditure.
READ, PASSED ON ROLL CALL VOTE, AND ADOPTED THIS 20th DAY OF MARCH 2024.
Votes in favor:
Votes opposed: 0
Abstained:
BOARD OF TRUSTEES OF THE
TOWN OF FRASER, COLORADO
BY:
Mayor Pro-Tem
ATTEST:
Town Clerk