Carbondale, school district reach deal for property exchange
Aspen, CO Colorado
CARBONDALE ” After months of meetings behind closed doors, the town of Carbondale and the Roaring Fork School District are ready to close a real estate deal involving the old Carbondale Elementary School building and the former North Face property at the south end of town.
The town will own the former school building, and the district will get possession of a piece of the former North Face property formerly owned by the Carbondale Council on Arts and Humanities, located at the Meadowood Drive entrance to the new Roaring Fork High School. The trustees will need to finalize a lease with Roaring Fork Community Development Corp., the group that will redevelop the old school building to serve as a base for nonprofit organizations.
The nonprofit center will be governed by a board of directors with seven members, Mark Hamilton, town attorney, and the trustees will be allowed to select one board member. The tenants, the nonprofit organizations that will populate the building, will be allowed three members on the board, he said.
Town Trustee John Foulkrod argued that the tenants should not be allowed three members, because, although they would not be a majority, they could still control the agenda in board meetings, and lock in a certain group of organizations, to the exclusion of others.
Gavin Brooke, an architect and a representative of Roaring Fork Community Development Corp., argued more tenants should be allowed on the board because they would be more deeply invested in decisions than anyone else.
Trustee Stacey Bernot agreed, pointing out Carbondale has only a limited number of people who are willing to become involved in such things as board membership.
“The people who will be most concerned about how this operates are the tenants,” she said.
Mayor Michael Hassig said he doesn’t think it’s likely that nonprofit representatives on the board of directors would act as a bloc.
On another note, Hamilton said the current economic climate brought some uncertainty into financing a remodeling of the building, but he thought funding still would be available.
Brooke said he has been in contact with Alpine Bank periodically and is still confident that Alpine would be able to finance the project through bonding, as previously discussed. The bonds would be issued with a 25-year maturity schedule.
The trustees approved a motion authorizing Mayor Hassig to sign the closing documents.
Closing of the deal is tentatively scheduled for Tuesday, Oct. 21.
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