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Council approves $12 million Cascade property purchase; bond funds reserved for service-center upgrades
Summary
Loveland City Council voted 8-0 to buy two Cascade Avenue properties for $12 million using existing enterprise cash and growth-related revenue; bond proceeds discussed are for separate service-center improvements totaling about $18.7 million.
Loveland City Council voted 8-0 on a pair of measures to buy property on Cascade Avenue for $12 million and to approve the related appropriation for the purchase.
Supporters said the purchase uses enterprise cash and growth-related revenue and is separate from a recently approved bond package. "These 2 items. The first thing we want to make sure that counsel and the citizens understand, these 2 purchases are not connected to each other in any single way," said Michael Hogan, facilities operations manager.
The ordinance enacting the supplemental 2025 appropriation for the purchase and the resolution approving the acquisition of 1515 and 1615 Cascade Avenue…
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