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Open Space trustees recommend purchase of 140 net mineral acres from Teton LLC
Summary
The Open Space Board of Trustees voted unanimously to recommend acquisition of 140 net mineral acres of severed subsurface mineral interests from Teton LLC, covering minerals under city, county and private open-space parcels in southern Boulder County.
The Open Space Board of Trustees voted unanimously to recommend acquisition of 140 net mineral acres of severed subsurface mineral interests from Teton LLC, a package staff described as covering mineral rights beneath city, Boulder County and privately owned open space parcels in southern Boulder County. Staff said funds would come from the department's acquisition reserve and would not reduce current OSMP operating programs.
The recommendation followed a staff presentation that framed the purchase as a strategic move to control future mineral development risk. Bethany Collins, senior manager of the real estate work group, told trustees the seller offered the mineral interests as a single package and that the…
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