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Council approves sale of Sky High Park parcel and finalizes incentive and easement agreements for proposed Cobblestone hotel
Summary
The city approved a $300,000 sale of about 2.54 acres in Sky High Park to Cobblestone Hotel Development LLC, authorized execution of a previously passed economic development incentive agreement, and approved an ingress-and-egress easement that ties to the hotel project.
The Monte Vista City Council voted to approve the sale of roughly 2.54 acres within the Sky High Park Complex to Cobblestone Hotel Development LLC for $300,000 and to authorize execution of related incentive and easement agreements.
Staff recapped that the council previously approved an incentive resolution in December 2023 but had not executed the agreement. City staff said the final purchase-and-sale contract and the easement language had not changed since the council first saw them and that contingencies required under the contract…
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