CCUD building purchase questioned

January 2, 2015

A Newcastle City Council-approved agreement to purchase a building for equipment and vehicle storage is raising questions, after the city offered up more than money to acquire it.

In September, the council authorized City Manager Rob Wyman to enter into a purchase-sale agreement for the Coal Creek Utility District-owned property on 129th Avenue Southeast.

In exchange for the property appraised at $750,000, the city would agree to pay $250,000 and forfeit its legal right to assume the utility district for 10 years.

It’s the non-assumption clause, in particular, that has some current, and one former, council members questioning the logic of the agreement. Read more

A Very Newcastle Christmas Celebration

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