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Board begins formal discussion on possible sale of district’s 4 Peaks building, flags zoning and tenant issues
Summary
Board members and staff discussed options to sell, lease or repurpose the 4 Peaks building after voters approved long‑term disposition; discussion covered past appraisals, tenant month‑to‑month leases, potential zoning violations and next steps to solicit appraisers or brokers.
Board members spent an extended portion of the meeting discussing the future of the district‑owned 4 Peaks building — including whether to market it for sale, evaluate tenant status and investigate zoning and valuation issues.
Dr. Jay said past appraisals put combined building and land value in the $4–5 million range, with the land alone estimated at roughly $900,000 in earlier work. He told the board several parties had expressed interest in appraising or marketing the property and that current tenants are on month‑to‑month leases after some moved out (SEG 2017–2021). "We have had several groups reach out to us... people that wanna come in and assess the value and give us an appraisal," Dr. Jay said.
Board members raised zoning and neighborhood concerns. One board member asked whether current uses (renting space to businesses) might violate zoning; Dr. Jay said the town had previously flagged it as a potential violation but that the district's attorney did not recommend terminating tenant relationships at that time. "Right now, yes, we're technically in violation," a board member observed during the discussion, and the board agreed any buyer would likely need to pursue rezoning with the town (SEG 2124–2131).
Members asked staff to solicit presentations from real estate brokers and appraisers, pursue neighborhood outreach and address lingering liability and cost questions. Dr. Jay said the district would not commit major capital — citing examples like a potential $40,000 air‑conditioning replacement — while the board considers options.
Board members emphasized due diligence and neighborhood impact, and asked the facilities use advisory committee to include the building and related land use in its upcoming work. No formal sale or listing decision was made at the meeting; the item will be explored further through the facilities committee and presentations from interested brokers and appraisers.
