Westminster Economic Development Authority Agenda Packet 2026-06-22
WEDA Approves Holly Park Land Sale to Pumpkin Ridge
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Description
The Westminster Economic Development Authority approved a Purchase and Sale Agreement with Pumpkin Ridge Holdings, LLC to sell approximately 5.73 acres in the Holly Park Subdivision for $1.5 million. The buyer will construct about 58 townhomes under an existing development plan, with closing contingent on land use approvals, HOA resolutions, financing, and execution of a construction contract.
Contract Details
Contract Amount
$1,500,000
Vendor
PUMPKIN RIDGE HOLDINGS LLC
Agency
City of Westminster, CO
Contract Type
FACILITIES
Document Date
June 22, 2026
Contract Term
Closing to occur within 60 days after satisfaction or waiver of conditions, but no later than 12 months after mutual execution of the PSA, with possible automatic 60-day extensions up to 18 months after Effective Date if approvals not obtained
Renewal Info
Single land disposition; no renewal. PSA allows extensions of the Outside Closing Date in 60-day increments if required City and HOA approvals are not obtained, up to 18 months after the Effective Date, after which either party may terminate and buyer’s deposit is refunded.
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