In many ways, it’s like buying a house, said Steve Glueck, Golden’s community and economic development director, but much more complicated. On April 11, Golden City Council unanimously approved …
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In many ways, it’s like buying a house, said Steve Glueck, Golden’s community and economic development director, but much more complicated.
On April 11, Golden City Council unanimously approved to go forward with efforts to purchase a building at 311 10th Street.
The proposed purchase would include seven parcels of land — five are on the north side of 10th Street and two on the south side — totaling 7.1 acres.
The building is 160,000 square feet. Built in 1981, the building and the land are owned by MillerCoors, and has been used as corporate offices. The purchase price is $12.25 million.
“This wasn’t something we had planned on,” said City Manager Jason Slowinski, “but it (is) an opportunity that presented itself.”
Ultimately, the city would use the building and its properties to create a new civic center. It would house municipal operations and serve the community as a gathering space.
Two of the main reasons the purchase is being considered, Slowinski said, is to address city office facility needs and provide space for cultural entities.
In addition, the Clear Creek Corridor Master Plan had envisioned the area as one of change, Slowinski said, but there has not been an opportunity to do it.
Although nothing would be immediate, Slowinski said, the investment “is an opportunity to address, and check off, some of the things on our list that we’ve been talking about.”
Currently, Golden’s administrative offices are spread across 10th Street in downtown Golden: Planning, public works and engineering operate out of the building at 1445 10th St. near Lions Park. Some of the parks and recreation department staff work at the Golden Community Center, 1470 10th St. City hall, police and city council chambers are located at 911 10th St., and the city manager and communications department are across the street in the annex building.
If the purchase goes forward, the city will vacate all of those buildings.
The public will be asked about what will become of the city’s currently occupied buildings and properties, beginning as early as 2020.
“This purchase is not going to be an immediate project, in the sense that it’ll be done tomorrow,” Slowinski said. “This will be something that evolves over time.”
The final “go or no-go” decision point will likely occur mid-July with a closing mid-August, Glueck said. This will follow a lengthy, comprehensive and detailed inspection period. The city will work with contractors to inspect everything from the structural integrity of the building, land and environmental survey and title review, for example.
The review process is expected to last through mid-June and then the city will have 30 days to work through any implication findings and renegotiate any terms, if needed, Glueck said.
“We’re investing in the future,” said Golden Mayor Marjorie Sloan. “And I think it’s the right thing to do for Golden.”
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