{"id":21827,"date":"2020-03-12T10:55:23","date_gmt":"2020-03-12T16:55:23","guid":{"rendered":"https:\/\/www.skyhinews.com\/?p=63673"},"modified":"2020-03-13T14:19:47","modified_gmt":"2020-03-13T20:19:47","slug":"granbys-attempt-to-recover-road-repair-bonds-receives-free-helping-hand","status":"publish","type":"post","link":"https:\/\/alwaysmountaintime.com\/krky\/local-news\/granbys-attempt-to-recover-road-repair-bonds-receives-free-helping-hand\/","title":{"rendered":"Granby\u2019s attempt to recover road repair bonds receives free helping hand"},"content":{"rendered":"
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Granby Ranch had previously planned road repairs on Lone Eagle Drive, pictured here, among other roads. Because of the foreclosure, the town has called for $1.7 million worth of road repair bonds.<\/strong>
Amy Golden \/ agolden@skyhinews.com<\/em><\/figcaption><\/div>\n<\/figure>\n

As Granby Ranch wades through foreclosure, the Granby town board is trying to ensure long awaited road repairs are made in the neighborhood.<\/p>\n

At the direction of the Granby Board of Trustees, the town attorney has been communicating with insurance companies to obtain a portion of the bonds needed for repairs on failing roads.<\/p>\n

The town previously gave Granby Ranch a December deadline to obtain funding for roughly $3 million of road repairs to be completed by September 2020. Granby Ranch\u2019s previous owner, Marise Cipriani, revealed at the Dec. 10 board meeting that the property, and thus the responsibilities for funding road repairs, would be going to the lender.<\/p>\n

In response, the town board issued liens on certain developer-owned properties until the obligations were met. Granby also called for $1.7 million in bonds related to road repairs.<\/p>\n

The town attorney has been in contact with the associated insurance companies to recover the money. The town\u2019s legal representation, Scotty Krob and associates, has spent the past couple months working with Granby Ranch, the attorneys representing Granby Ranch\u2019s lender and the insurance companies that have issued these bonds. But similar to other types of insurance, getting bond payouts can be a cumbersome task.<\/p>\n

Last month, a man with extensive experience in bond recovery stepped up to help the town with the process for free. Jeff Burns signed a nondisclosure agreement with the town and has been using his expertise to advise the town\u2019s legal counsel at no charge.<\/p>\n

An agenda item at the town board\u2019s most recent meeting proposed a contract with Burns that would begin paying him for his work up to $10,000. Before the terms could be finalized, Burns decided to continue his work as a \u201cfriend of the city.\u201d<\/p>\n

His assistance, which the contract said would cost $250 an hour, will continue to be offered without pay so no agreement is needed. The nondisclosure agreement is still in place and a legal representative of Granby will join Burns on any phone calls to ensure the town is present.<\/p>\n

The town attorney said Burns\u2019 input has been useful as they work with the bond companies. Burns has outlined the typical resistance these companies have toward paying bonds and provided insight on the most productive next steps.<\/p>\n

In other business:<\/p>\n