Former Four Mile developer jailed
Post Independent Staff
Lester Colodny, the developer who filed for bankruptcy and defaulted on the Oklahoma MidFirst Bank loan to build Four Mile Ranch south of Glenwood Springs, is in jail.
Colodny was sentenced in Westminster Municipal Court Monday to a year in jail and $26,150 in fines for building violations there.
Westminster prosecuting attorney Ron Clark said Colodny was taken straight to Adams County Jail after Monday’s hearing, where he will remain for 125 days. He already paid his fines.
The judge suspended 240 days of Colodny’s sentence, meaning he’ll have to keep out of trouble until March 2005 to keep from serving the suspended 240 days of his sentence.
“It encourages a defendant to stay on the straight and narrow,” Clark said of the suspended jail time.
Colodny originally was found guilty on April 28, 2003, for one count of having an unsafe building or structure and 25 counts of noncompliance with building codes. He appealed that verdict, lost the appeal, then ran out of time to file a second appeal.
“Essentially, the original sentence was enforced,” Clark said.
According to a July 2002 news release from the city of Westminster, Colodny’s development company, Westminster Park Corp., abandoned the Hollypark residential development long before it was completed.
He was originally cited for 909 city code violations regarding weeds, junk and trash at the property.
The development, located at 96th Avenue and Federal Boulevard in Westminster, was slated to have 70 townhouses. When Colodny abandoned it, 12 units were occupied, 38 were partially constructed and 20 were not yet started.
Clark said Hollypark remains unfinished, as does Four Mile Ranch.
Contact Greg Masse: 945-8515, ext. 511
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