Timing of Killington Forward

[Big Bob]

Sounds like new trailside lots are selling well at Sugarloaf. Great Gulf is supposedly going to open up sales sometime this year, for condos at least, not sure about the home sites.

Hello,

I wanted to let you know that the launch of Dutchman Woods last weekend was a huge success! Over half of the single family home lots have been put under contract.

The remaining lots continue to be offered at current pricing, but only until May 15th. Please see the attached list regarding what is available and what is now Under Contract.

Let me know if you are interested or if you’d like more details sent along.

Blasting and helicopter work is slated to begin next week – it’s full steam ahead!

Please reach out if you have any questions, or if you’d like to pursue one of the remaining lots.

Cheers,

I may know the owner of lot 4

Are you moving to Maine? :)

[Seacoaster]

No, the Loaf is not a viable place for year round living. We did live near there for almost 10 years.

[wtf021]

Any info on the water system bids that were opened on May 11?

[Bubba]

Any info on the water system bids that were opened on May 11?

Probably gonna have to wait for the next Selectboard meeting.

[jimbolla]

Bids still being verified by Dufrense Group

IMG_5578.png (287.83 KiB) Viewed 2408 times

See if I attached correctly these bid are being reviewed
To verify lowest bidder has included all and numbers add up

[jimbolla]

IMG_5573.jpeg (310.08 KiB) Viewed 2407 times

And here are the bidders

[jimbolla]

Bid sheet are base bids

[Big Bob]

$4.6 million under the EE , I would of never guessed! It must of had alot of fat in it! And none of the bidders exceeded it. I guess the project will be moving foreword.

[KingsFourMan]

$4.6 million under the EE , I would of never guessed! It must of had alot of fat in it! And none of the bidders exceeded it. I guess the project will be moving foreword.

Not at all, the budget estimate was actually about $1.8 million low. If you take the average of all 6 bids received, the budget estimate was $1.9 million low. If you throw out the highest bid and the lowest bid received, the budget estimate was about $1.8 million low or about 9%. Only 2 bidders were under the $20,200,000 budget...but it only takes one.

The low bidder Casella left almost $2 million on the table ($1,953,800 to be exact) or about 11%. How would you like to take a project knowing that you could have had almost $2 million more in your bid and still won the project? Casella is now scrambling to see why they were so much lower than everyone else. The number 2 bidder Kubricky is feeling great about their number and hoping that Casella walks but that is unlikely given that they will forfeit their bid bond. Sometime's contractors are hungry and they really want a particular project and they get too aggressive, sometimes they simply made a mistake and underestimated a particular element of the project.

Regardless, it was a successful bid for the Town of Killington and the project will move ahead.

The big question now is, once the contract has been signed in about a week or two, will we see a big multi-year announcement from POWDR/Killington about upcoming on-mountain improvements to help support the real estate sales slated to begin ahead of the 23/24 ski season. I think it's almost certain, what say you?

[ski]

Federal grant awarded to the town

Northern Border
Regional Commission

State of Vermont
2023 NBRC Catalyst Program Awards

Awarded to: Town of Killington*
Project: Infrastructure improvements including a municipal water system and a
redesigned roadway system which is required for the development of the Six
Peaks Killington Village project (a village at the base of the ski resort).
Location of Project: Rutland County (VT-01)
Grant Amount: $2,250,000.00
Total Project Amount: $23,602,436.00
*VT put this project forward for an additional $750,000 in EDA partnership funding consideration

[twilkas]

KingsFourMan, for those not in the know (me) whats the calc/% on a bid bond?

[KingsFourMan]

KingsFourMan, for those not in the know (me) whats the calc/% on a bid bond?

I'm pretty sure this one would have been 5% which equates to about $1.1M for this project. It might have been 2%. Either way it's a lot of money for a contractor to forfeit, although it's not uncommon for the bid bond to be waived if the low bidder claims hardship as long as there is at least one other bidder that is under budget and is willing to take the project. Bid bonds can go as high as 10%, ever higher for federal projects, but typically the larger the project the smaller the bid bond will be percentage wise.

Has anyone heard anything new about this contract? My understanding was that work was supposed to have started by late summer.

They might have been waiting for the above-mentioned federal grant to be awarded before issuing a notice to proceed but I doubt that is the case.

[KingsFourMan]

KingsFourMan, for those not in the know (me) whats the calc/% on a bid bond?

I'm pretty sure this one would have been 5% which equates to about $1.1M for this project. It might have been 2%. Either way it's a lot of money for a contractor to forfeit, although it's not uncommon for the bid bond to be waived if the low bidder claims hardship as long as there is at least one other bidder that is under budget and is willing to take the project. Bid bonds can go as high as 10%, even higher for federal projects, but typically the larger the project the smaller the bid bond will be percentage wise.

Has anyone heard anything new about this contract? My understanding was that work was supposed to have started by late summer.

They might have been waiting for the above-mentioned federal grant to be awarded before issuing a notice to proceed but I doubt that is the case.

[GlenPLake]

The village that will never happen seems to be getting a lot of funding for something that will never happen.

https://mountaintimes.info/killington-r ... gton-road/

Gonna be crow on the dinner menu up and down the access road in about 2 years

[RENO]

Yeah, I'm still skeptical this village will ever happen. We'll see. Definitely a lot further along than it's ever been though with plenty of money flowing in from many sources. Hoping the town doesn't get screwed which, in turn, means I will get screwed also being a 2nd homeowner. I'm happy with K resort just blowing more snow! I can see a massive construction mess for many years once/if the village construction, road construction, waterline, etc... kicks off.