Key Dates
Council approved purchase agreement
City Council approved the purchase agreement for 101 S. Taylor at their March 3, 2026 City Council meeting with the following terms:
• Purchase Price - $13,250,000
• Earnest Money - $150,000, refundable up to 90 days
• Miscellaneous items completed within 30-60 days - appraisal, inspection, ALTA survey, and title work
• 120-day financing period with a 150-day closing period
• 30-day optional extension period with deposit of an additional $50,000 in earnest money
• Inclusion of existing furniture and fixtures
• Seller has the right within 30-days of mutual acceptance of the offer to accept backup offers. Seller shall notify the City in writing at which point the City has a15-day window to commit earnest money down without refund.
In addition to the authorization for the $150,000 in earnest money, Council approved a budget amendment of $100,000 to support various time-sensitive activities such as appraisal, survey, inspections, public outreach, and initiating financing.
Community Open House #1
Join us for a community open house at the property. You'll have the opportunity to tour the building, ask questions, and submit feedback.
Saturday, April 11 | 9:30 to 11:30 a.m.
101 S. Taylor Ave, Louisville CO
Community Open House #2
Join us for a community open house at the property. You'll have the opportunity to tour the building, ask questions, and submit feedback.
Wednesday, April 22 | 5:30 to 7:30 p.m.
101 S. Taylor Ave, Louisville CO
Council review of community engagement report
Community input received via surveys, open houses, and other tools will be compiled into a summary report for City Council. The report will be presented at the May 19 City Council meeting.*
*this meeting date is subject to change. Check back for updates.