Item Coversheet

VAIL TOWN COUNCIL AGENDA MEMO

ITEM/TOPIC:   An escrow agreement between the Town of Vail and ChargePoint. 

ACTION REQUESTED OF COUNCIL:   Staff requests the Vail Town Council review the escrow agreement.

BACKGROUND:   The Town of Vail has received a grant in the amount of $200,091, for four Level III, DC fast charge electric vehicle charging stations from the State of Colorado, facilitated by ChargePoint, to be installed in the Lionshead Parking Structure. The donation agreement (Attachment A), has already been executed. The escrow agreement (Attachment B) allows the funds to be held and dispersed. 

STAFF RECOMMENDATION:   Direct the Town Manager to execute the escrow agreement between the Town of Vail and ChargePoint. 

ATTACHMENTS:
Description
Attachment A - ChargePoint EV Charging Station Grant Donation Agreement
Attachment B - Escrow Agreement between ChargePoint and the Town of Vail