HOME interviewed nine developers, and narrowed the field to two very community-minded developers, each of whom submitted a proposal to HOME . Each proposal reflected a desire to address the financial reality of countering the Jefferson County SLB bid, and a sincere desire to produce a residential development that has the values and support of the surrounding community. Proposal specifics . The Moore bid is structured as a planning lease, leading to an outright purchase of the land. HOME entered into an agreement with Mr. Moore to support the development of this parcel of land, given the above stipulations, by funding the feasibility study needed to determine that the purchase is a sound business decision.
Community support central to the bid.
The planning lease is designed to mitigate the risk to the developer of committing to a sizable land purchase without adequate planning. HOME recognized that it would be unreasonable to expect a developer to commit funds to land purchase without knowing whether the development project was feasible. As a result, HOME agreed to raise the funds for the planning lease. Through the generosity of our local community, and the hard work of HOME volunteers, this was successfully accomplished in only three weeks. Again, this is a landmark event in collaborative cooperation between a Colorado community and a developer.