Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Economic Development topic
No spam. Unsubscribe anytime.
Arapahoe council discusses possible foreclosure and $450,000 CDBG tourism grant match
Summary
City economic development reported that VPR will send a final demand in January that could prompt foreclosure proceedings; council also discussed a $450,000 CDBG tourism development grant requiring a 25% local match and potential $25,000 in administration fees.
During the Dec. 17 meeting the council’s economic development item flagged two substantive matters: a pending final demand from VPR that could lead to a resolution to start foreclosure and a prospective Community Development Block Grant (CDBG) for tourism development.
Economic Development staff reported that VPR will send a final demand in January; if unresolved, staff indicated a resolution to begin foreclosure could follow. The minutes do not provide additional details about the property, timeline, or parties involved.
On the grant front, the council discussed a potential CDBG tourist development award of $450,000 that would require a 25% local match. The minutes also noted possible administrative costs of about $25,000 and discussed separating the grant administrator from West Central if that entity communicates disinterest to the state.
The minutes record the update as an informational item; no formal motion or vote on foreclosure actions or on accepting grant terms is recorded. Council members did not record follow‑up deadlines or additional funding commitments in the minutes.
