Fraser Board of Trustees Agenda 2026-06-03
Fraser Housing Authority Awards St. Louis Landing Property Management to Griffis Blessing
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Description
On June 3, 2026, Fraser Housing Authority approved a property management contract with Griffis Blessing, Inc. to manage St. Louis Landing Apartments, the ECLC, and commercial space. Compensation is 3% of gross receipts (minimum $4,000/month) plus reimbursable expenses, with an initial term of 12 months and automatic annual renewals. The agreement covers leasing, management, maintenance, and compliance responsibilities.
Contract Details
Contract Amount
3% of monthly gross receipts (minimum $4,000/month) plus reimbursables; hourly rates for additional services ($150/hour Manager, $275/hour Executive, $250/hour Vice President, $200/hour Regional Manager, $100/hour Administrative)
Vendor
GRIFFIS BLESSING INC
Agency
Town of Fraser, CO
Contract Type
PROFESSIONAL_SERVICES
Document Date
June 3, 2026
Contract Term
12 months initial term, automatically renews yearly until termination per Article 5 (30 days notice)
Renewal Date
2027-06-03
Renewal Info
Initial 12-month contract automatically renews each year until terminated by either party with 30 days written notice. Agreement may be amended as needed for compliance with the Tenant Equity Vehicle program or regulatory changes.
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