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HomeMy Public PortalAbout5b OVR Transit MOU 1 MEMORANDUM OF UNDERSTANDING This MEMORANDUM OF UNDERSTANDING (the “MOU”) is made and entered into this ___ day of _____, 2017 in order to memorialize the terms of agreement between Grand Park (hereinafter “Grand Park”) and The Town of Fraser, by and through its Fraser Board of Trustees (hereinafter “Town”). RECITALS: WHEREAS, Grand Park is currently developing certain areas served by Old Victory Road and Grand Park Drive; and WHEREAS, such new development does not currently necessitate the need for public improvements to Grand Park Drive and Old Victory Road; and WHEREAS, the Town is providing public transit service via an intergovernmental agreement with the Town of Winter Park and as part of such service desires to operate a route along Old Victory Road and Grand Park Drive (see Exhibit A) to better serve the community. NOW THEREFORE BE IT AGREED AS FOLLOWS: RIGHTS AND OBLIGATIONS OF THE PARTIES: 1. Grand Park agrees to construct the roads identified by Exhibit A consistent with Grand County unpaved street standards. This work will be completed prior to September 30, 2017. 2. Grand Park hereby provides the Town and its transit provider with access to operate on the roads identified by Exhibit A. 3. The Town agrees to maintain the roads identified in Exhibit A in a passable condition. This includes snow management and basic surface maintenance. Grand Park agrees to repair any roadway failure or construction defect within ___ days. 4. The Town intends to provide transit service along this route, but makes no guarantee of transit service as such relies on sufficient sales tax revenues and the Town currently lacks an intergovernmental agreement with the Town of Winter Park (operator of the system). 5. This paragraph reserved for the attorneys…indemnification etc 2 The terms outlined within this agreement have been accepted and agreed to by the following parties on this ___ day of _____, 2017: TOWN OF FRASER ____________________________ Philip Vandernail, Mayor ATTEST: _______________________ Antoinette McVeigh, Town Clerk [S E A L] Grand Park ___________________________ President STATE OF COLORADO ) ) ss. COUNTY OF ____________ ) Acknowledged before me on ________________, 2014, by ____________________, as (date of signing) (name of signer) _____________________ for the ____________________. Title (owner/president) (company) Witness my hand and official seal. My commission expires: [S E A L] Notary Public