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Council OKs $1.1 million purchase to expand Lost Canyon Ranch open space
Summary
Council approved a time-sensitive purchase-and-sale agreement to acquire roughly 35 acres adjacent to Lost Canyon Ranch from Guardian Angel Trust for $1.1 million, including non-tributary groundwater rights; staff requested $25,000 earnest money to begin a 60-day diligence period.
The Castle Rock Town Council voted unanimously to authorize a purchase-and-sale agreement to add roughly 35 acres to Lost Canyon Ranch.
Parks and Recreation senior staffer Jeff Brower told council the town would acquire the parcel and included non-tributary groundwater rights and well infrastructure for a purchase price…
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