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Hey Martha. Thanks for the response.
The owner of the property is Real Capital Solutions, and the developer is RP Steamboat LLC. I recently wrote more about the ownership and maintenance situation in this story (didn't want to rehash it in this Sunday one so I could fit more history in):
I plan to cover the council meeting on Tuesday when potential legal options against these parties will be discussed. I tried multiple times to call Real Capital Solutions months ago and didn't get any response. But in the last two weeks, I was contacted by a PR firm representing them. The representative said they would be sending some information my way. I'll keep you posted
Do you have any contact info for David? I'd like to call him to learn more about how and when it was built, etc. If you have it, I'm at email@example.com or 871-4210.
Public Works Director Chuck Anderson said the city has all of the PR efforts on this under contract for an amount "not to exceed $30,000."
From Chuck's response: "We chose a contracted PR route versus hiring additional staff who would be dedicated to the project, and we will continue to evaluate where Blakely builds capacity with their efforts and where we can use existing staff to compliment these efforts."
Let me know if you have any other questions.
I'm still working to get that cost. The two city staff members I reached out to on Friday for a cost did not respond (may have been out of town). I'll post it as soon as I get it and update the story. -Scott
Yes, I double checked the video and it was Ford and Magill who opposed (Julie also asked to clarify that during the meeting.)
Crossan's motion was to "move forward" with a short sale with any conditions the council requires. The only condition they laid out in the motion was the new promissory note. I realize that the actual approval of the short sale is a next step and there will be negotiations involved, but the council gave the city manager and the council president its blessing to move forward to negotiate a short sale and sign the documents.
There are 26 units being rented at the Iron Horse, and about 50 people living there. So it is not 50 x 700 x 12 months. The city is projecting it will collect $190,000 in rent this year with $193,000 in expenses. That's where the break even operational cost comes from.
The $470,000 is the debt service for the property that comes in addition to the operating cost every year.
I goofed on that. I've changed the story to reflect that. Thanks for pointing it out. Didn't realize it had moved.
I'll have a story getting into the why everybody is running and more about their background after the field is finalized next week and we know about all the people who are running. I didn't want to do that for one story now and potentially miss somebody who enters late (It appears there may be at least one more candidate at this point). If you or other community members have any specific questions you'd like to ask all of the candidates, feel free to post them or email me at firstname.lastname@example.org.
Here is the link to the city ordinance for Emerald Park approved in 1996:
There are plans to add new public restrooms a block away at Seventh and Yampa.
-Scott Franz, Reporter
Last login: Friday, January 6, 2017
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