Work starts on Lake Village
Crews tackling infrastructure repairs at Hayden subdivision
The Steamboat Pilot & Today, August 13, 2008
Hayden — Repairs have started at the Lake Village subdivision south of Hayden.
Crews are out this week working on compaction issues on the road and studying infrastructure to determine what needs to be done, Hayden Town Manager Russ Martin said. Oregon-based Robinson Construction is doing the work, he said.
"I got the impression … that they were digging into the pavement and trying to fix it," Martin said. "They're doing some engineering studies to make sure everything is to our standards, and they're going to present that to us shortly."
Fixes and discussions are moving forward, said Ron Sills, who runs 4-S Development, a partner in the project. The subdivision is part of a larger development called the Villages at Hayden. The Lake Village portion is being built by a partnership, Mountain Adventure Property Investments, which has struggled with bankruptcy, liens and partnership conflicts.
"The road is being fixed as we talk," Sills said Tuesday. "It should be fixed by end of this week or early next week."
Grassy Creek Holding; 4-S; Oregon-based Robinson and Sons; and Oasis Development, an Oklahoma subsidiary of FSB Bancorp., make up Mountain Adventure Property Investments. Grassy Creek and 4-S are local companies, and Robinson is not affiliated with RN Robinson & Son of Hayden.
At Thursday's Hayden Town Board meeting, representatives from Robinson assured the town the work would begin this week.
"I understand your frustration," Robinson's attorney Dan Gregg told trustees. "We know you want your project built. … We have steel leaving Oregon."
At Thursday's meeting, the board voted to move forward on calling the letter of credit and the bond for the project. That would allow the town to use funds — at the expense of developers, not taxpayers — to complete infrastructure work on Lake Village.
The letter of credit is worth nearly $502,000, and the bonds are worth more than $1.3 million.
"There is work being done," Martin said. "But that, one, is not a surprise to us, and two, it is good to see it, and third, it's not slowing us down. We're still moving forward with the direction the board gave us Thursday."
The decision does not necessarily mean the town will get the money and take over the work, Martin said. But the town had to make a decision before it ran out of time. The deadline to act on the letter of credit is late September, and the deadline falls in November for the bond agreement, he said.
Vectra Bank, which issued the letter of credit, and Safeco Insurance, the bonding company, will assess the situation and deal with the town if it wants those funds.
hat's the hope is that we won't have to" use the money, Martin said. "But that'll be a decision based on the bonding agency and letter of credit holder. When we go to call those, and they say we have X, Y and Z happening, those are negotiated issues."
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