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Extension of Tolling Agreement
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Summary and Background: In November 2020, the City entered into a Tolling Agreement (attached) with a property owner (Hammer) and the South Adams County Water & Sanitation District tolling the statute of limitations on claims that the property owner believes it has against the City and district. The agreement expires on May 1, 2021, but allows the parties to agree to a 6-month extension. The property owner has requested that the parties agree to the extension.
Staff Recommendation: Approve an extension.
Recommended motion: I move to authorize the City Attorney to execute a 6-month extension of the Tolling Agreement.