Hello,
This is my contribution to Citizen's Discussion at Tuesday's City Council meeting:
Good morning,
I do not believe that the appraisal submitted by the Broadmoor for the land owned by the Cog Railway can be valid.
When the Broadmoor had the appraisal prepared $40,000 a year was being spent doing repairs on that land.
Is it correct that over the last 11 years close to half a million dollars have been spent doing repairs to that land?
Yet the trail on that land is still in such bad shape that some experts feel that it is best to close the trail.
The public was given no idea of this problem during the public comment process.
If the Broadmoor were preparing a legitimate appraisal would they not have to provide the appraiser with the projected cost of the needed repairs to that land?
Has the city discussed this with the appraiser to see if these costs were considered?
The laws governing appraisals are very, very strict.
How much more money needs to be spent on that land?
Has the city been given an estimate by Rocky Mountain Field Institute?
How much more money do we need to spend on that land today?
It appears that both the city and the Broadmoor failed to accurately assess the problems with this piece of land.
The public was presented with a false image of the value of this land during the public comment process.
“We expect that hundreds of thousands of dollars more will have to be spent on this land over the next 7 years and that this money will not put a dent in the needed repairs”.
The public was misled, perhaps the city and the Broadmoor were unaware of the scope of the problem, but in a multi-million dollar transaction involving public lands, they are not allowed to make a mistake of that magnitude.
Upon realizing the mistake, the city is obligated to inform the public.
“The Broadmoor failed to realize how severe the problems on that land were at the time, and the appraisal that they had prepared is invalid”.
Please tell me the estimated cost of all needed repairs to that land.
Thank you, Carl Strow