Department of Parks and Recreation
Reference: Intergovernmental Agreement Related to the Construction of Venture Park
To: Mayor Gregory Mills and Members of City Council
Through: Michael P. Martinez, City Manager
Prepared By: Travis Haines, Director of Parks and Recreation
Date Prepared: March 28, 2024
PURPOSE
A resolution of the City Council of the City of Brighton, Colorado, approving an intergovernmental agreement (IGA) between the City of Brighton and Brighton Crossing Metropolitan District No. 4, Brighton Crossing Metropolitan District No. 6, the Brighton Crossings Operations Board, and Brookfield Residential (Colorado), LLC, authorizing the mayor to execute said IGA on behalf of the City, and authorizing the City Manager to undertake such tasks and execute such documents as may be required to implement said IGA on behalf of the city
BACKGROUND
Per the development agreement, Brookfield Residential is responsible for the construction of a community park in the Brighton Crossing Metropolitan District. Venture Park is a seventeen (17) acre park located north of Padillia Elementary School and along the south side of Cherry Blossom Drive. After construction and upon initial acceptance of Venture Park by the City of Brighton, District No. 6 shall request remittance of the Park Development Fees from the City, with such request supported by applicable invoices. Collected Park Development Fees, not to exceed the cost of construction, will then be remitted to District No. 6.
STAFF RECOMMENDATION
Staff recommends that City Council approves the IGA with Brookfield Residential.
OPTIONS FOR COUNCIL CONSIDERATION
• Approve the IGA
• Reject the request
ATTACHMENTS
• Resolution
• Intergovernmental Agreement with Brookfield Residential