Jeffco board to consider $2.84 million sale of Wilmore-Davis site to Wheat Ridge
The proposed deal would put proceeds in Jeffco’s capital reserve fund, but the board has not yet voted and the agreement has not been finalized.
The Jefferson County Public Schools Board of Education is scheduled to consider selling the former Wilmore-Davis Elementary property to Wheat Ridge for $2.84 million, with the proceeds designated for the district’s capital reserve fund.
The board’s Sept. 10 agenda lists approval of a resolution and purchase-and-sale agreement for the approximately 7.2-acre property. The meeting is still in the future as of Sept. 5, and the available record does not establish whether the board will approve, amend or postpone the sale.
Under the proposed agreement, Wheat Ridge would pay Jeffco at closing and provide a $30,000 earnest-money deposit within 20 days of the agreement’s effective date. The deposit would be applied to the purchase price if the sale proceeds.
The agreement does not set a calendar closing date because its effective-date field is blank. It calls for a 90-day due-diligence period after the effective date, followed by a closing within 30 days unless the parties agree to another date.
The sale also depends on Spectra Centers closing on its purchase of the school-building parcel from Wheat Ridge and on approval of the land division. Signature blocks for Jeffco, Wheat Ridge and Spectra are blank in the available materials, so the record does not establish that the agreement has been executed or that Jeffco has received the money.
Wheat Ridge’s Aug. 24 council item described a proposed split of the former school property: approximately 2.5 acres for a permanent park and recreation use and approximately 4.5 acres, including the school building, for Spectra’s specialized facility school. Those uses remain subject to the transaction, land-division approval and other closing steps.
A July 23 report by the Golden Transcript said Wheat Ridge had selected Spectra as its preferred reuse partner and that the plan remained contingent on Jeffco approval.