Stillwater extension denied
The developers of the Stillwater Ranch subdivision now have to decide what they want to do next and whether the long-awaited project will actually happen.The Silt Board of Trustees won’t grant another extension for the Stillwater Ranch subdivision, which means the developers must show proof of financing, a record of final plat and begin construction by Dec. 31.”It’s up to them,” said Silt Town Administrator Rick Aluise. “They have until Dec. 31 to make it happen if they want to.”The board made it clear that they will still welcome the subdivision – slated to be located on 36 acres south of the Colorado River – and that all previous approvals are still in place until the deadline. Voters first approved the subdivision nearly eight years ago, in a special election in 1997.”This was not an action by the board against Stillwater,” Aluise said. “The board is all in favor of it and think it would be a wonderful addition to the town. The board did not revoke any previous approvals and we hope that (the developers) can come up with the financing.”However, SWD,LLC also faces a Dec. 30 court date with the owners of the property where the subdivision is to be located, Valley Farms, Inc., who say they want SWD off the property after several missed deadlines and a default on their agreement to develop the land. A Dec. 30 court hearing is set to determine whether the matter should be decided in arbitration or through a jury trial.In light of the dispute between SWD, LLC and Valley Farms, Inc,, board members said they felt it was inappropriate to extend the town’s deadline until the problems had been resolved between the two parties.”We don’t feel it would be in our best interest to sail these unchartered waters, knowing there is a conflict,” said Trustee Dave Moore. “We’re waiting for them to resolve their differences.”Moore speculated that it could be a year or two before that happens. John Watson, a Denver attorney representing SWD, said he had no comment at this time.The Stillwater Ranch subdivision has been planned for 1,200 single- and multi-family homes, two 18-hole golf courses, a community center, swimming pool, hiking and equestrian trails and some commercial development.The Stillwater Ranch subdivision has been planned for 1,200 single- and multi-family homes, two 18-hole golf courses, a community center, swimming pool, hiking and equestrian trails and some commercial development.
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