UPDATE: Ralph Braden
, with Nor'Wood, just checked in on this issue and says the following: "The reason we're donating it is, that bridge was actually built by the county 50 to 60 years ago on land that the county didn't own. It was on private property. Subsequently, Mr. Jenkins acquired it. Then it got annexed into the city. The city wanted to do some work on it, so we said, 'Why don't we just donate it?'"
Braden says he doesn't know how much the property is worth, but he notes closing costs are expected to be "minimal," well under $1,000.
———ORIGINAL POST MONDAY, MARCH 24, 2014, 3:29 P.M.———
, owner of Nor'Wood Development Group
, wants to donate roughly 1.65 acres to the city on the city's north side. (As a point of reference, the Jenkins family own a considerable amount of land in the Southwest Downtown Urban Renewal Area where City for Champions
is envisioned to be built.)
In a memo to City Council, the Public Works Department explains what led to the donation:
The proposed donated Property has been used as a private roadway which serves the
owner’s parcel of land as well as east/west rural access off the end of the developed public Cowpoke Road for rural properties to the west.
When the owner’s parcel of land, approximately 235.23 acres, was annexed into the City of Colorado Springs, as part of the Briargate Addition No. 5 in 1982, and the proposed donated Property was reconfigured in 2006 and 2007 by Platting of Cumbre Vista Subdivision Nos. 1 and 2, and the 2009 Plat for Cowpoke Road filing No. 1, these segmented previously approved projects resulted in separating the proposed donated Property from the end of platted public Cowpoke Road, and consequently affected
continued access to the rural properties to the west.
Then, the memo states that Jenkins was to donate the property "for tax purposes,"
which requires City Council to accept the land as a donation.
As for financial implications, the memo says, "The Property will be donated at no charge
to the City. The City will pay for the costs to close at the title company. Less than
$1.00 of annual property tax revenue will be lost to the City as a consequence of this donation."
We asked how much the land is worth as a tax-deductible donation, and how much the city will have to pay in closing costs in order to obtain this "donation."
To which the city communications office responded: "Since this project is in negotiations
, we are unable to release any information."
We called Nor'Wood to try to gain a better understanding of the proposed donation, but David Jenkins wasn't immediately available. We'll update if we hear from him.