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Board told seller’s counsel negotiated changes to reserves contract; indemnity and damages-cap were modified
3443407 · May 9, 2025
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Summary
Staff informed directors that seller’s counsel and the district’s general counsel reviewed redlines to a reserves contract; the key changes involve extending indemnity from one to two years and adjusting the damages cap above industry norms. Staff asked the board to review the redlines before the next meeting.
Pueblo West staff told board members that a reserves contract returned from seller’s counsel includes material redlines and that legal counsel and the seller had reached an agreement on the revisions.
Staff said the…
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