| 3/4/2010 | Boettcher Foundation rep suggests new entity for Club America’s deed |
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A crowd of some 60 Valley residents gathered at Cliff
Lanes bowling center last Thursday night to learn just what the next step for
Club America WMV might be. For over a year, Custer 2020 Inc. has been in the throes
of fundraising efforts to purchase the swimming pool and fitness center in
Silver Cliff from owners Jerry and Mary Seifert. The asking price is some $900,000. Funds for the
purchase have come from numerous fundraising efforts totaling slightly more
than $200,000, as well as grants from various private foundations. The Gates Family Foundation has committed $100,000 while
the Colorado Health Foundation has guaranteed $90,000 and El Pomar $15,000. Another $93,000 has been requested from the Adolph Coors
Foundation and $75,000 has been requested from the Boettcher Foundation. As part of the acquisition, another $250,000 is being
raised through a land trade between Custer 2020 and the Seiferts.
Before the Boettcher Foundation grants funds toward the
purchase, Custer 2020 has been asked to get a local government entity to hold
the deed to the facility. Thus the purpose of the Feb. 25 public
meeting. The crowd collectively agreed it was important to keep
Club America WMV open, however, nobody seemed in
agreement when it came to which government entity should hold the deed. Tim Schultz of Boettcher said one government entity
could volunteer to hold the deed or a corporation comprised of several local
government entities could be formed and thus would collectively hold the deed
to the property. In turn, the government entity or corporation would lease the
facility to Custer 2020 for $1 a year. Schultz said the reason for requiring a government
entity to hold the deed is to guarantee that if Custer 2020 were to go under
and Club “This has happened in other communities,” said Schultz.
“Boettcher gave money for a recreation center, and when the center closed a few
years later, the building was sold to a private individual and the non-profit
corporation we gave the money to pocketed the
proceeds.” Schultz said that if a government entity held the deed, that entity would not be under any obligation to keep
Club Also noted was that with a separate entity holding the
deed Custer 2020 could not borrow money against the property. Steve Willman, who is
president of the Custer 2020 board, said “as part of the lease we would be
responsible for all expenses and we would not be able to run a deficit. There
would be no liability to a public entity.” In previous county commissioner meetings, commissioner Lynn Attebery said he
believes the town of Schultz stated in
recent years, it has not been unusual for a fire district to hold the deed
since recreation centers and pools are often used by firefighters for training
purposes. Also brought into the mix was the hospital district
since the facility could be used for physical therapy. In the end, representatives with the local government
entities—county commissioners, trustees with the towns of Westcliffe and Silver
Cliff, hospital district, school district, fire district, library district and
Round Mountain Water and Sanitation District—have agreed to mull the matter and
get back with Custer 2020 later this month regarding whether or not they are
willing to hold the deed individually or collectively. In the meantime, Custer 2020 continues to operate Club
America WMV under its current lease with the Seiferts
who turned over the pool to them in September 2008. If Custer 2020 is unable to purchase the facility in the near future, the Seiferts will likely put it on the market in hopes of
selling it to a private individual. If that happens, Custer 2020 has agreed to return all
donations to the original donors. – |