Resort Dev. Has Until April 1 To Finalize Trade (1/7/2019)
Story by Woodall's Campground Management
The Alamosa (Colo.) City Council will give Rio Bravo RV Resort partners until April 1 to provide financial assurances before calling off the deal to exchange Alamosa Ranch property for the resort, according to the Valley Courier.
Alamosa City Manager Heather Brooks said on Thursday (Jan. 3) that the city had not swapped the land yet, as authorized by the city council in April 2018, because city staff was waiting for financial assurances from the Rio Bravo partners. Those assurances have not yet been provided, she said.
The council had authorized the city manager to sign a land exchange agreement with Rio Bravo RV Resort developers to trade 70 acres of city-owned ranch property for about 33 acres of private property owned by the developers. No cash was part of the exchange and the developers would still be required to go through a Planned Unit Development (PUD) for the RV resort, proposed to include about 325 sites.
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