Sam Rogers (Gran Paradiso developer) attended todays meeting and asked the Supervisors to authorize completion of the amenities center. He stated that he had a builder ready to invest $1 million in construction of new model homes ranging from 1,000 to 2,200 S.F. with prices starting at $169,000. He and the builder would also commit to a $400,000 advertising budget to market these new homes. However, the builder would only commit to the project if the amenities center was to be finished and opened for use.
At the same meeting, the Supervisors also discussed a change in trustee for the WVID bond funds. They have been unhappy with the current one, and the current trustee has already voiced a strong objection to the expenditure of any more funds for the Gran Paradiso amenities center. According to this discussion, the bond holders have expressed an objection to the WVID proposed new trustee. Staff was instructed to continue with a trustee change request, and to inform the bond holders representative of the Sam Rogers renewed development plan for Gran Paradiso. Next months meeting on 12/14/2010 should see some answers and decisions on these two matters.
1 comment:
Paul, thanks for update.
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