RANGELY I AGNC Support
The Associated Governments of Northwest Colorado are developing a comprehensive economic development strategy. One of the purposes of the strategy would be to allow Rangely to access federal grants that they currently do not qualify for because the median household income and employment levels are too high. The RDA will write a letter of support for the plan.
The RDA again discussed membership makeup and whether they want to fill a vacant position with someone representing a special district or the community at large. There were concerns raised that if the RDA ever tries to move forward with a Tax Incremental Financing (TIF) project the special districts wouldn’t be up to date with what the RDA is working on. TIF projects require approval from special districts.
The contract with Synergy Builders for the housing development was discussed. Five years ago the town provided a $120,000, zero interest loan to Synergy Builders. In lieu of repayment they have been offered ownership of one of the six units. The loan is currently being renegotiated and the other option available to the board is to attempt to collect default interest of twelve percent.
Chairman Brad Casto said he now supports purchasing the single unit with the intention of selling the home in the next year. Town Manager Peter Brixius said that renting the property could provide an income to the town of approximately $14,000 per year. Concerns were raised that renting the property put the town in direct competition with other rental owners in town.
Elks Trap Shooting Range
The RDA helped the Elks Club complete a grant process to revamp the trap shooting range located just south of town on White Ave. They added two skeet houses, plumbing and septic work and various range improvements.
By Jen Hill | email@example.com