BHA Accelerates Brighton Ridge Fee Payments From Pedcor

The Brighton Housing Authority approved an amendment to its sub-development agreement with Pedcor Development Associates, LLC for The Retreat at Brighton Ridge Apartment Homes. The change converts a 10-year fee payment schedule into a present-value lump-sum payment of approximately $2,793,590 due August 3, 2026 to support future affordable housing development.

Scope & details

The full contract record, as filed.

Contract amount

approximately $2,793,590 (present value lump-sum of remaining fee payments)

Contract type

PROFESSIONAL_SERVICES

Contract term

Original fee over a 10-year period; amended to require lump-sum present-value payment on August 3, 2026

Renewal date

2026-08-03

Renewal

Amendment accelerates remaining development fee payments into a single present-value lump-sum of $2,793,590 on August 3, 2026, replacing the prior 10-year installment schedule; all other terms of the July 26, 2024 Agreement remain in force.

Document type

AgendaPacket

Source document

Brighton Housing Authority AgendaPacket Board Meeting 2026-07-09

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Brighton Housing Authority AgendaPacket Board Meeting 2026-08-06

AMENDED

City of Brighton, ColoradoAug 6, 2026

Brighton Housing Authority AgendaPacket Board Meeting 2026-07-09

AMENDED

City of Brighton, Colorado$2,793,590Jul 9, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the professional services contract by City of Brighton?

Pedcor Development Associates Llc was awarded this professional services contract by City of Brighton, as recorded on July 9, 2026. The contract value is approximately $2,793,590 (present value lump-sum of remaining fee payments).

How much is the Pedcor Development Associates Llc contract with City of Brighton worth?

The Pedcor Development Associates Llc contract with City of Brighton is valued at approximately $2,793,590 (present value lump-sum of remaining fee payments), covering professional services work.

What type of contract is this?

This is a Professional Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Brighton Housing Authority AgendaPacket Board Meeting 2026-07-09 (AgendaPacket), dated July 9, 2026 from City of Brighton. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Pedcor Development Associates Llc hold?

Pedcor Development Associates Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Pedcor Development Associates Llc's profile

What is City of Brighton currently buying?

Explore City of Brighton's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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