Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Economic Development topic
No spam. Unsubscribe anytime.
EDC invites ISD to explore 14-acre Breckenridge site; lift station cost and funding discussed
Summary
The Breckenridge EDC presented an invitation for the ISD to evaluate a 14‑acre site for housing and a potential school. The EDC estimated a lift station could cost about $1.285 million, with the ISD covering roughly $489,000 and the EDC $795,000; council approved the EDC moving forward with a purchase-and-sale invitation to the ISD.
The Breckenridge Economic Development Corporation asked the city council to support an invitation to the local independent school district to consider a 14‑acre site for mixed residential development and a possible school.
"I had some people come and ask me, is this a done deal? It is not a done deal," Michael Paris, executive director of the Breckenridge EDC, told the council. He described the request as an invitation to compare two potential school sites and their costs.
Paris said the EDC hired Kimley‑Horn to provide a master plan and high‑level cost opinions. He told council the most expensive case scenario for a lift station serving the development is approximately $1.285 million, with a contingency of about $214,000. Under an estimate shared with council, the school district would pay roughly 38 percent of the lift‑station cost (about $489,000) and the EDC would fund the remaining roughly $795,000. Paris also said proceeds from a proposed sale of 14 acres, estimated at about $189,000, would be applied toward the lift station.
Paris emphasized the figures are estimates for planning and that the invitation is to explore the site; no final obligation was presented. "We're looking at developing this site with this type of cost structure. This is not a done deal," he said.
Council members asked for the materials presented at the meeting; Paris confirmed the information was included in the packet and described the proposal letter from Jacob as the formal invitation document.
A commissioner moved and another seconded to approve the BEDC entering into a purchase‑and‑sale invitation with the ISD to explore the site; the motion carried on a voice vote.
What happens next: council and the EDC will await formal responses from the ISD, possible escrow arrangements and alignment of construction schedules if the district chooses to proceed. The EDC said any unused contingency would be reimbursed or credited to the ISD if not expended.
Sources: City presentation by Michael Paris; supporting cost estimates from consultant Kimley‑Horn (referenced by staff).
