timnath_landing_gid_board_meeting_agenda_december.pdf
IGA with Town of Timnath for Admin Services Amended and Extended
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Description
The Board approved a Second Supplement with the Town of Timnath, extending administrative loans for the GID through 2066 and raising the annual amount to $50,000 (with 2% increases). The Town will be reimbursed before any debt service payments.
Contract Details
Contract Amount
$50,000 per year, increasing 2% annually after 2026; max aggregate $250,000 plus annual adjustments
Vendor
TOWN OF TIMNATH
Agency
Town of Timnath, CO
Contract Type
INTERGOVERNMENTAL
Document Date
December 9, 2025
Contract Term
December 9, 2025 – December 31, 2066
Renewal Date
2066-12-31
Renewal Info
Agreement extended from prior expiration of 12/31/2025 to 12/31/2066 with new escalating annual amount.
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