City Council Meeting
City Council Meeting
11 items Mon, Aug 25, 2025 at 6:30pm How To Join Remotely
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∙ Agenda item 3 of 11
Item No. 1c - RESO - loan agreement for property acquisition
A recommendation from the Facilities Master Plan (FMP) is to co-locate and expand the Public Works and Parks Operations Facilities at one site. The recommended direction is to acquire a parcel adjacent to the existing Public Works Operations Facility to make this expansion possible. The City was contacted by the owner of the property at 4593 Parfet Street to determine if the City would be interested in purchasing the property. City Council entered into a contract to purchase this property for $1,100,000 on July 28, 2025. Renewal Wheat Ridge has approved a loan in the amount of $1,200,000 to assist the City in purchasing this property including appropriate due diligence and closing costs.

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Item No. 1c - RESO - loan agreement for property acquistion ( 0.43 MB )
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