2025 Capital Plan Review
During the October 22, 2024 Town Council meeting the 2025 budget and 2025 capital improvement program was adopted by Town Council, and subsequently during the March 11, 2025 Council worksession, Addison Canino, Capital Projects Senior Manager, provided an update regarding the 2025 Capital Improvement Plan, which outlined the current projects scheduled for 2025, in addition to projects that have been carried over from 2024 and are planned for completion in 2025. An outline of the projects are including in the staff report. The capital improvement program has several funding sources, including the Capital Improvement Fund, Water Fund, Lodging Tax Fund, and the Marina Fund, which are used to budget for significant capital projects. Additionally, a summary of each project can also be found in attachment 1.
Capital Improvement Fund
2024 carry over to 2025
- Slopeside Hall and Day Lodge completion
- 619 Granite Street completion
- Main Street and HWY 9 lighting
- Old Town Hall remodel and park upgrade
- EV chargers at Public Works and 3rd Avenue
- Complete Streets – Granite Street improvements design completion
2025
- Environmental sustainability and energy service projects
- Solar light replacement on Summit Boulevard
- Trail enhancements
- Storm system repairs – Pitkin Avenue culvert replacement
- Pioneer Park improvement designs
- Fiber broadband infrastructure construction
- Walkability improvements
- Technology purchases
- Vehicle replacement and police vehicle upgrades
Water Fund
2024 carry over to 2025
- Dillon Dam Road water tank access road improvements
- Lagoon Drive water main replacement
2025
- PFAS mitigation feasibility assessment and possible construction
- Water tank rehabilitation- Tenmile Creek tank and Dillon Dam Road tank
- Well #8 study and test drilling
- Vehicle and equipment replacement
Housing Fund
2025
- 602 Galena Workforce Housing Infrastructure
Farewell and Swearing in of Councilmembers & Mayor Pro Tem Appointment
During the March 11, 2025 Town Council Meeting, Council bid farewell and gave thanks to Councilmember Lisa Holenko who served for three years and Mayor Pro Tem Andrew Aerenson who served for five years. The Town Clerk then swore in the two new Councilmembers, Robyn Goldstein and Zach Ryan, who were appointed to serve through April 2026.
Councilmember Robyn Goldstein
Councilmember Robyn Goldstein has been a Summit County resident for nearly 11 years, 8.5 of those years in Frisco. Councilmember Goldstein and her husband purchased their first home in Frisco in 2021, which allowed them to establish roots and invest in the town and community. Councilmember Goldstein is a therapist for a non-profit mental health organization that helps Summit County residents navigate a variety of challenges and works part-time on Breckenridge Ski Patrol. Additionally, you can find Councilmember Goldstein instructing yoga classes at Meta Hot Yoga in Frisco. Councilmember Goldstein is passionate about serving on the Frisco Town Council, to ensure that the Frisco community is represented. She is particularly dedicated to sustainability, fire preparedness, workforce housing, and mental health.
Councilmember Zach Ryan
Councilmember Zach Ryan has been a Frisco resident for nearly 10 years. After graduating from college in Killington, Vermont with a degree in resort and hospitality management in 2014, Councilmember Ryan packed up his car and made the 32-hour drive to Copper Mountain, where he started his first job as a Counselor Supervisor at Woodward Copper. Throughout the years, Councilmember Ryan has grown his coaching career, focusing on big mountain skiing. He has coached many skiers at the University Colorado Boulder campus and through his own IFSA big mountain independent coaching program. Councilmember Ryan also owns Summit Brunch, offering private chef services in stunning Colorado landscapes. Additionally, Councilmember Ryan is involved in many philanthropic efforts, most notably co-organizing the Peak 10 Classic, a Fourth of July summer ski event, which saw over 500 participants last year and has raised over $30,000 for SOS Outreach over the last five years. Councilmember Ryan wants to represent all Frisco residents, including long-term community members who have nurtured Frisco’s heritage to newcomers just establishing roots. Councilmember Ryan is practically passionate about creating a sustainable path to long-term residency and maintaining Frisco’s charm.
Appointing a New Mayor Pro Tem
As Mayor Pro Tem Aerenson is stepping down from Town Council, Councilmembers need to appoint a Councilmember as Mayor Pro Tem for a two-year term. The Mayor Pro Tem has the Mayor’s responsibilities and performs the Mayor’s duties whenever the Mayor is not available. Council voted Councilmember Andy Held to serve as Mayor Pro Tem for a two-year term.
2025 Grants Presentation
This year Frisco received 74 applications total for the micro/in-kind grant program and Frisco’s Community Impact Grant program requesting over $586,000 in grant funding for nonprofit projects and programs. Across the two grant programs, the Town of Frisco was able to grant a total of $181,500 in cash contributions and in-kind donations valued at $45,688 to 66 nonprofits. In addition to these two grant programs, the Town also supports community needs through its nicotine tax fund, which voters approved in 2019. The Town dedicates this fund not only to programs that reduce the use of nicotine but also to childcare and health and human service needs. Over $380,000 will be going to childcare tuition assistance, mental health support through Building Hope, medical and dental care through the Community Care Clinic, and social support services through the Family and Intercultural Resource Center. The Town’s general fund also provides over $120,000 in support of sustainability efforts, including funding for programs administered by High Country Conservation Center.
In 2022, the Town started a tradition of doing a grants award presentation video to highlight the grant process and the nonprofits who provide vital services to Frisco and Summit County residents. This year SCTV staff and Frisco Communications Coordinator, Jessica Dastous, worked to put together the 2025 nonprofit grant award presentation video.
Sale & Lease Agreement for 101 West Main Street
Background on 101 West Main Street Workforce Housing Project
Since early 2023, the Town of Frisco has been working with the NHP Foundation (NHP) when NHP staff approached Town staff and Council regarding affordable housing opportunities in Frisco. The mission of NHP is to preserve and create sustainable, service-enriched multifamily housing that is affordable to low- and moderate-income families and seniors and beneficial to their communities. This mission aligns with the Council’s strategic plan to support a thriving economy by increasing workforce housing and enhancing community inclusivity by offering a variety of housing types to support year-round residents.
Recognizing the significant need for all housing types and rental rates within Frisco, the Town has focused on ensuring that the two projects with NPH, one on Main Street and one on Galena Street, provide a range of affordable housing options to the community. Based on site location, development design, financing mechanisms, timelines, etc., the Town and NHP determined that the 101 W Main Street project would proceed with low-income rental rates.
The project will potentially be moving forward in 2025 dependent on Low Income Housing Tax Credits (LIHTC) funding, which were applied for in February 2025, with a possible award in May 2025. The project aims to provide at least 52 units of low-income workforce housing
The Terms & Conditions of the Agreement
The purchase, sale, and lease-back agreement between the Town of Frisco and NHPF West Main, LLC (NHPFWM) sets the terms and conditions for the acquisition of the property located at 101 West Main Street by the Town from NHPFWM, and the lease-back of the property from the Town to NHPFWM under a long-term ground lease for nominal rent.
The purchase and lease-back of 101 Main Street is supported by a $5 million grant from the Colorado Housing and Finance Authority (CHFA), which was awarded to the Town of Frisco under the Affordable Housing Financing Fund Land Banking Program. This grant is governed by the Affordable Housing Finance Fund Land Banking Program Grant Agreement, which outlines specific milestones that must be met, including proper zoning and development plan approval within five years and securing construction permits and funding within ten years. The grant agreement outlines the terms and conditions for the disbursement and use of the grant funds, including requirements for reporting, environmental sustainability, and compliance with affordability restrictions.
The CHFA Grant Agreement also requires that an affordability covenant prepared by CHFA be placed upon the property after the Town’s purchase from NHPFWM, but before the lease-back of the property to NHPFWM. The CHFA Covenant ensures that the property is used for affordable housing. These covenants include affordability terms, such as restricting rental units to households with annual incomes at or below 80% of the area median income (AMI).
The ground lease agreement that would be entered into between the Town of Frisco and NHPFWM includes provisions for the development and operation of a housing rental project that will comply with the CHFA Covenant and the requirements of the CHFA Grant Agreement.
Council approved Ordinance 25-01 on the first reading. The second reading will be held on March 25, 2025.
Intergovernmental Agreement Between CDOT & the Town of Frisco
Amendment to the IGA with CDOT
On May 10, 2022, the Town of Frisco and the Colorado Department of Transportation (CDOT) entered into an Intergovernmental Agreement (IGA) to develop property known as 619 Granite Street into a deed-restricted affordable and workforce housing complex, the Residences at Granite Park. While the project is near completion, there are substantial uncertainties as to the final amount of the cost of construction of the project, and CDOT desires to have CDOT’s eleven (11) units in the complex transferred to CDOT in advance of the final settlement of the construction contract costs. Accordingly, CDOT has proposed amendment 2 to the IGA to give the Town assurance of final payment for the units after the transfer of the units to CDOT, and to alter the terms of the IGA concerning the timing for CDOT’s acceptance of the residential units that have been constructed at 619 Granite Street.
Council approved Ordinance 25-10 on the first reading to approve an amendment to the IGA. The second reading will be held on March 25, 2025.
Approving the Sale of the Residences at Granite Park
As the Residences at Granite Park project is coming to a close and with the approval of an amendment to the IGA described above, the Town must authorize through Ordinance 25-02, the sale of the 11 CDOT units, per Colorado Revised Statutes 31-15-713(b). This action is in agreement with the jointly approved IGA and gives staff authorization to move forward with the transference of deeds.
Town Council approved Ordinance 25-02 on the second reading.
Ordinances Making Supplemental Appropriations to the 2024 & 2025 Budgets
The Town Council approves a budget each year in the fall, and from time to time, it is necessary to make changes to the budget. Per the Town’s Charter, these changes must be adopted by Council ordinance. Below is a list of those budget changes.
2024 Supplemental Appropriations
These supplemental appropriations were discussed with Council during the 2024 calendar year. Ordinance 25-03 will amend the 2024 budget by the amounts listed below.
Housing Fund Expenditures – $2,100,531
- Purchase of 216 Galena Street cabins – $2,100,531
Nicotine Fund Expenditures – $152,322
- Increase in ‘First Steps’ Childcare Tuition Assistance – $102,322
- Grant to FIRC for food insecurity – $50,000
2025 Supplemental Appropriations
Rolled Over From 2024 Budget
In this instance, the supplemental appropriations listed below relate to projects budgeted in 2024 but not completed in the 2024 budget, so these funds are then proposed to roll over to the 2025 budget. Ordinance 25-04 will amend the 2025 budget by the amounts listed below.
General Fund Revenue – $40,490
- Grant – Comprehensive Plan – $17,033
- Grant – Climate Action Plan – $33,457
- Bag fee revenue reduction (Walmart discontinued providing single use bags) – ($10,000)
General Fund Expenditures – $651,161
- Comprehensive Plan – $22,293
- Climate Action Plan – $88,925
- Unspent reusable bag fees (dedicated to waste reduction) – $12,628
- Unspent Municipal Emergency Response Team (MERT) contributions – $13,799
- Incomplete road resurfacing – $175,000
- Street light repairs – $17,496
- Bridge improvements – $137,100
- Facilities repair & maintenance – $183,920
Capital Improvement Fund Expenditures – $5,816,868
- Backyard plan – $144,229
- Vehicles/Equipment – $1,523,837
- Public Works wash bay – $11,491
- Old Town Hall remodel – $955,263
- Summit Boulevard Lighting – $62,375
- Main Street lighting upgrades – $86,626
- EV chargers at Public Works & on 3rd Avenue – $388,345
- Slopeside Hall construction- $1,407,749
- Highway 9 sidewalk improvements – $162,331
- Park improvements – $464,968
- Town Hall improvements – $10,000
- Fiber infrastructure design – $66,096
- Complete Streets design – $533,558
Water Fund Expenditures – $776,087
- Capital improvements, including PFAS mitigation design, water tank access road, & Lagoon Drive water line replacement – $658,368
- Water system repairs not completed in 2024 – $117,718
Housing Fund Expenditures – $2,864,646
Residences at Granite Park construction – $2,864,646
Town council approved Ordinances 25-03 and 25-04 on the second reading.
Frisco Town Council Meetings: Ways to Participate
Frisco Town Council meetings are available to view via Zoom and YouTube, and are also held in person to make Town Council meetings easier to access for everyone.
The public can provide comment during meetings via Zoom or in person (not YouTube), and a public comment period will be available at 7:00pm; during the consideration of ordinances; and at the discretion of Town Council during work session items, which are discussions that don’t require a formal vote by Town Council and do not require public comment. Again, this hybrid approach is intended to make Town Council meetings more accessible, and meeting recordings will typically also be made available the day after a meeting in the meeting archive with agenda topics bookmarked to the discussions in the video.