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Silver Plume approves $5,000 retainer for new appraisal to satisfy GOCO grant for Taylor Kennedy land
Summary
The Silver Plume Board unanimously approved paying a $5,000 retainer from its Restricted Fund to contract a new appraisal required by Great Outdoors Colorado (GOCO) for the Taylor Kennedy land purchase; the town has raised about $900,000 toward the acquisition.
The Silver Plume Board of Trustees voted unanimously Feb. 9 to contract a new appraisal and pay a $5,000 retainer from the town's Restricted Fund to meet a Great Outdoors Colorado (GOCO) grant requirement for the Taylor Kennedy land purchase. Mayor Leonard Berenato told the Board the town has raised roughly $900,000 toward the acquisition, about $300,000 of which comes from a GOCO grant.
The appraisal originally submitted did not meet GOCO's required format, and GOCO will not accept it, Berenato said. The town's Mountain Area Land Trust missed GOCO's appraisal-format requirement during its initial review of the grant agreement, prompting the need for a second appraisal. The Board approved contracting Nash-Johnson Appraisers for a $10,000 fee and authorizing an immediate $5,000 retainer payment from the Restricted Fund (motion by Trustee Tammy Frey; seconded by Trustee Randal McDonald). A $5,000 check to Nash-Johnson Appraisers was signed at the meeting.
Trustee Mark Basham expressed apprehension about rising costs for the Mountain Park project and noted that several stewardship items, including interpretive signage, remain undone. Town Clerk Chelsea Nihiser replied that the Mountain Park Commission is designing the first interpretive site with signage along the 7:30 trail and that a proposal should be ready for the Board and HDPLC by early March; if needed, the Board can fund signage from the General Fund.
The decision preserves the town's eligibility to use significant GOCO funding in the purchase but increases near-term project costs. The Board approved the retainer and the contract to meet GOCO's requirement; no vote tally by name was recorded beyond the meeting minutes' notation that the motion passed with all in favor.
Next steps: the town will proceed with the new appraisal to satisfy GOCO's format requirement and continue coordination with Mountain Area Land Trust on final closing requirements.
