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Board signs off on RFP for employee-housing management; committee recommends naming complex 'The Buttes'
Summary
Trustees approved releasing an RFP to hire a property manager for the district’s employee housing portfolio and heard a construction update. The housing committee recommended naming the new apartment building 'The Buttes' and expects a January report on rate and selection processes.
The Teton County School District #1 board on Dec. 10 authorized staff to release a request for proposals for property management services for the district’s employee housing program.
Speaker 15 outlined the proposal, saying the RFP would seek local property managers to handle lease administration and maintenance for the district’s 36 units. "At this point we would be looking at local property managers who work with other like properties," Speaker 15 said, adding that the employee housing fund will cover maintenance and property management costs and that fee structures (flat fee or percentage of rent) will be evaluated through the RFP process.
In a related update, the housing committee reported construction progress on the new apartment building: exterior AFC panels are in place, interior signage and appliances are being installed, and inspections are underway with the elevator waiting final electrical sign-off. The committee also recommended the district name the complex "The Buttes" after a large site boulder planned as signage; trustees indicated support and asked staff to return in January with final recommendations on rent-rate structure and selection process.
Why it matters: the district has moved employee housing into a separate employee housing fund to isolate rental revenue and expenses from the general fund. Trustees asked for standard-form agreements, insurance coverage, and clarity about whether property-management fees would be covered by rents.
Next steps: staff will release the RFP, collect proposals, and return with a recommendation (the employee housing committee is expected to review submissions), followed by a board decision on a manager and related contract terms.
