RFSD reaches settlement with property owner | PostIndependent.com

RFSD reaches settlement with property owner

Pete FowlerGlenwood Springs, CO Colorado

The Roaring Fork School District Re-1 recently settled legal proceedings against T&S Properties, which it had condemned for the expansion of Glenwood Springs High School.RFSD had appraised the property at $465,000, and the property owner, Terry Fattor, had appraised it at $900,000, according to RFSD. After negotiations and mediation in district court, the final amount paid for the property is $711,250.T&S Properties used to sit behind the True Value Hardware store on Grand Avenue and 15th Street. Fattor couldn’t be reached for comment.The $38.1 million cost to expand the high school was funded by a bond issue passed by voters in November 2004.Superintendent Judy Haptonstall said the bond was passed with the understanding that the district would have to purchase adjacent businesses. Voters decided it would be better to keep the high school in town, she said.”It has always been the intent of the school district to pay fair market value,” Haptonstall wrote in an e-mail. “When the appraisals indicated differing values, the district felt it was in the best interest of the taxpayers to pursue the matter to a fair end for everyone concerned.”The settlement was approved at Wednesday’s school board meeting.Contact Pete Fowler: 945-8515, ext. 16611 pfowler@postindependent.comPost Independent, Glenwood Springs Colorado CO

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