BHA accelerates Brighton Ridge fee payments from Pedcor

The Brighton Housing Authority authorized an amendment to its sub-development agreement with Pedcor Development Associates, LLC for The Retreat at Brighton Ridge Apartment Homes. The amendment accelerates fee payments so that Pedcor will make a lump-sum present-value payment of approximately $2,793,590 on August 3, 2026, replacing the prior 10‑year installment schedule.

Scope & details

The full contract record, as filed.

Contract amount

$2,793,590

Contract type

PROFESSIONAL_SERVICES

Contract term

Lump-sum payment due August 3, 2026; underlying fee obligation over 10-year period per original agreement

Renewal date

2026-08-03

Renewal

First Amendment to the July 26, 2024 Amended and Restated Sub-Development Agreement accelerates remaining BHA Fee installments into a present-value lump sum due August 3, 2026; all other agreement terms remain in effect, with Pedcor Obligors’ guaranty continuing to apply.

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

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 $2,793,590, 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

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