Group to allocate flood-relief funds

LAFAYETTE – A new volunteer group tied to Foothills United Way will decide how to spend more than $2.7 million in funds that were donated to help residents impacted by devastating floods in September.

Rob Katz, chairman and chief executive of Vail Resorts Inc. (NYSE: MTN) in Broomfield, and David Friedman, founder of Sandy River Co. in Portland, Maine, will head up the Long-Term Flood Recovery Group, according to a press statement. Foothills United Way representatives will administer the funds, which will come from the Foothills Flood Relief Fund, said Heather Jones, a United Way spokeswoman.

The group’s mission is to “address…