Council approves $50,000 DOLA predevelopment application for Rangely duplex project
The council approved applying to the Colorado Division of Housing for a $50,000 predevelopment grant to support site work and predevelopment for three lots for the Rangely Duplex project and authorized Interim Town Manager Lisa Perring to sign the application.
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The Rangely Town Council voted to approve an application to the Colorado Department of Local Affairs (Division of Housing) for a $50,000 predevelopment grant to support the Rangely Duplex project. The council's approval covers a predevelopment request for three lots; the town manager said the request includes earlier expenses such as an appraisal and closing costs but that the grant maximum is $50,000 and the town expects to spend little or no additional town funds.
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