Friday, December 28, 2012
The Colorado Mountain College Board of Trustees on Thursday accepted, by telephone, the resignation of college President Stan Jensen.
Jensen, who has been president of the six-county community college for four years, is to receive a severance package of $500,000.
The president of the board of trustees, Glenn Davis of Avon, said Jensen's departure was not connected to the SourceGas Spring Valley compressor station controversy that erupted last May and is now in litigation.
The severance will come from the college's revenue reserve account for 2012-13, as ordered in a motion by Trustee Bob Taylor, of Summit County.
Aside from the severance, no other details were released concerning a separation agreement outlining Jensen's departure.
Read the full story on the Glenwood Springs Post Independent's website.