The St. Vrain Valley School District board voted Wednesday to sign closing documents for the purchase of 73 acres in Frederick.
The $6.1 million land, at 3160 Godding Hollow Parkway in Weld County, is zoned for residential development, which allows a school to be built on the property.
“It would be a wonderful facility that would create a lot of opportunities for students,” district Superintendent Don Haddad told the board of education during Wednesday’s meeting.
“Given the fact that it’s 73 acres, that gives us the opportunity if — and I always say if because ultimately it will be the board’s decision — but if we were to build a swimming pool on the east side of the district, or a career and tech ed program, or any of the things that come with a high school — a full stadium, parking, all of those, it would provide us with the kind of land that we need,” Haddad said.
Also known as the Bality-Hardy parcel, the land is currently being used for agricultural purposes.
“This parcel has long been on the district’s Comprehensive Plan for a future high school based on build-out of local communities in the area,” a memorandum from Haddad read.
The land will be acquired with cash-in-lieu funds and capital sources, he said.
“The district may reimburse the purchase price with future bond funds,” the memorandum read. “Additionally, the district will be obtaining the mineral rights with this acquisition.”
The property has oil wells on site, but three have been abandoned and plugged, and the remaining wells “will be closed in the near future,” Haddad said.
The Colorado Geological Survey and Cesare Inc, an engineering consulting firm, reviewed the land and determined it doesn’t contain any geological hazards that would threaten building the school, Haddad explained.
The district completed test bores on the property, at the southeast corner of Godding Hollow Parkway and Aggregate Boulevard, to find out the impacts of undermining. No construction issues were found, the superintendent said.
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