County terminates escrow and refunds developer funds

El Paso County and CHALLENGER COMMUNITIES, LLC entered into a 2020 Escrow Agreement requiring a $43,067 deposit for a future traffic signal at Woodmen Road and Golden Sage Road. In August 2026, the Board of County Commissioners adopted Resolution 26-240 to terminate the agreement and refund all escrowed funds with interest to the developer after the intersection was annexed and improved by the City of Colorado Springs.

Scope & details

The full contract record, as filed.

Contract amount

$43,067

Contract type

FINANCIAL_SERVICES

Contract term

June 20, 2020 – June 20, 2040

Renewal date

2040-06-20

Renewal

Original Escrow Agreement allowed the County to request disbursement of the funds up to June 20, 2040, after which unused funds would be returned to the developer or its successors. Resolution 26-240 terminates the agreement early and accelerates refund of all escrowed funds, effectively superseding the original 2040 return provision.

Document type

Resolution

Source document

El Paso County Resolution To Terminate Escrow Agreements and Return Funds 2026-08-05

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El Paso County Planning Commission Hearing Agenda 2026-08-20

PENDING

El Paso county Housing Authority, TexasAug 15, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by El Paso county Housing Authority?

Challenger Communities Llc was awarded this financial services contract by El Paso county Housing Authority, as recorded on August 5, 2026. The contract value is $43,067.

How much is the Challenger Communities Llc contract with El Paso county Housing Authority worth?

The Challenger Communities Llc contract with El Paso county Housing Authority is valued at $43,067, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a resolution record.

Where was this contract approved?

This contract appears in El Paso County Resolution To Terminate Escrow Agreements and Return Funds 2026-08-05 (Resolution), dated August 5, 2026 from El Paso county Housing Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Challenger Communities Llc hold?

Challenger Communities 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.

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What is El Paso county Housing Authority currently buying?

Explore El Paso county Housing Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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