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Berthoud trustees set $43.5M cap and approve phased MVP plan; ask staff to draft financing options
Summary
After detailed presentations and public comment, trustees approved a reduction log for the Mountain Vista/Richardson Park project, set a maximum construction budget of $43,500,000 for phase 1, and asked staff to prepare financing options (COPs and bond comparisons).
Trustees directed staff July 28 to accept a staff‑prepared reduction log for Mountain Vista/Richardson Park (MVP), to prepare revised construction documents and to return with financing options — including certificates of participation and a bond analysis.
Administrator Cook summarized the project’s cost history and proposed savings: “We believe that is a number that we can afford to construct... $43,500,000,” he said, after reviewing reductions such as smaller trail widths, removal of some parking and concession buildings, eliminating one slide on the aquatics slide tower and reserving field lighting for later installation. Staff recommended adding synthetic turf infields on the two primary fields and sod outfields as measured tradeoffs to improve playability while controlling costs.
The board debated procurement strategy: some trustees favored continuing preconstruction work with the locally selected CMGC contractor (ECI) to pursue a guaranteed‑maximum price, while others moved to pause and pursue a hard bid. A motion to terminate ECI and seek hard bids failed; the board instead approved continuing with ECI (subject to the established $43.5M construction cap) and directed staff to prepare the design‑revision contract and draft construction contract options. Trustees also directed staff to prepare COP resolution materials and requested a companion analysis of bond financing to compare options before finalizing any financing approvals.
