BCC Approves Agreement with Potential Buyer of the New York Building
At the Oct. 23 hearing, the BCC approved a purchase and sale agreement (PSA) for the New York Building with Colorado Investment Company. The building is located at 1651 Kendal Street in Lakewood.
The PSA, which is for $5 million, does not guarantee a sale, but sets terms and agreements to begin a possible purchase of the property by the prospective buyer. The sale is contingent upon a nine-month due diligence process and the buyer being able to determine if the building will suit their needs and become a functional part of the "40 West Arts District" and the Rocky Mountain College of Art & Design.
The buyer has expressed a desire to purchase the New York Building to develop various projects including some adjacent to the Rocky Mountain School of Art and Design (RMCAD) as part of the city of Lakewood's "40 West Arts District."
The building currently serves as the county's primary community correction facility, which is administered by the Community Correction Board and is managed through a contractual agreement with Intervention, a Colorado non-profit company. The sale is also contingent upon the county purchasing, leasing and/or building a facility at an alternate location to provide community corrections services. As part of the PSA the buyer will assist the county with finding a suitable replacement facility or property and if the county does not find another location, it can terminate the PSA.
Community Corrections is a unit under Jeffco Human Services. It screens and recommends placement of adult and juvenile offenders diverted from incarceration and monitors offender progress and program compliance. It also contracts with private community corrections service providers for residential and non-residential services, such as with Intervention for the services it provides at the New York Building.
The office serves the citizens of Jefferson County, Colorado State Legislature, Sheriff's Office, Colorado Department of Corrections, Division of Youth Corrections, First Judicial District Attorney's Office, District Courts, and Probation Department, as well as the Jefferson County courts, public and private defense bar, private community corrections service providers, the Jefferson County Corrections Board, Jefferson County Juvenile Review Board, and adult and juvenile offenders and their families.
For more information on Community Corrections visit its web page.