Common Contracts

Good Neighbor Fund

February 28th, 2017

• Filed
  February 28th, 2017

Colorado State University and the City of Fort Collins have an Intergovernmental Agreement (IGA) related to the on-campus stadium. As part of the IGA, CSU has established the Good Neighbor Fund for the purpose of supporting efforts to lessen any undesirable or unanticipated effects on City neighborhoods from an on-campus stadium. (IGA, page 6, section 4.B.: CSU recognizes the construction and subsequent use of the Stadium may have impacts on the neighborhoods adjacent to the University, both expected and unexpected. In the spirit of partnership and responsibility, CSU will conduct fundraising to establish a Good Neighbor Fund (“the Fund”), administered and maintained by CSU or an associated foundation or other appropriate entity, for the sole purpose of supporting efforts to lessen any undesirable or unanticipated effects on City neighborhoods. The stated goal of this fund is an endowment of $750,000, with the endowment income to be committed in whole or part to such ameliorative effor