The NoCo Herald

Larimer and Weld counties, Colorado

Timnath

Timnath approves $400,000 sale of vacant Old Town building

From the Timnath Town Council meeting of

The contract puts $20,000 in escrow at closing, with portions released only if the buyers meet deadlines to open businesses or secure a tenant. The council did not dedicate proceeds to a master plan; spending plans remain for the budget.

The Timnath Town Council approved the $400,000 sale of a vacant commercial building at 4104 Main Street to Todd and Abbey Seufer on Oct. 13.

The contract puts $20,000 of the purchase price in escrow at closing, split between the building’s two halves. The buyers get $10,000 if they open a business operating at full capacity in the south half within 365 days of closing. They get the other $10,000 if they secure a retail tax-generating tenant or business operating at full capacity in the north half within 548 days. The town keeps each share if its condition is not met.

The town’s staff report says the town identified the property as no longer needed and listed it for sale in April. It describes the site as an opportunity for new or existing businesses in Old Town, one identified by the Old Town Steering Committee. It says Timnath Main Street and the council want retail and service-oriented businesses to put the property to use.

Council members differed over whether to commit sale proceeds to a specific plan. A council member proposed setting aside $300,000 for an Old Town area master plan to identify improvements in Old Town and the Poudre River corridor. The member said a plan could keep revitalization from proceeding piecemeal by addressing development, infrastructure, implementation steps and financing. Council Member Jeramie Holt favored reinvestment without requiring a particular study: “I'm 100% in favor of it going back into the revitalization of Main Street.” Another speaker supported studying a master plan but opposed setting its cost before experts assessed the work, citing studies costing $50,000 and $300,000.

A staff member said staff would budget $300,000 for Old Town investment if directed, putting a plan first and using any remainder to move it forward. Another speaker said the council could budget the proceeds for the following year, but could not count on the money until the sale closed. The member who proposed the plan said the 2027 budget could include up to $300,000, with a request for proposals helping determine the work. The council did not amend the sale resolution to direct the spending; its funding intent would be finalized in the budget, a speaker said.

More from this meeting

  1. Timnath Town Council work session, Oct. 13, 2026

    Timnath draft budget would shorten July Fourth event, keep fireworks; Timnath council adopts resolution supporting Timnath Elementary; Timnath approves $1.3 million Poudre River land purchase, 5-0; 3 consent items adopted.

  2. Item 2.aTimnath draft budget would shorten July Fourth event, keep fireworks

    The change would save about $50,000 while maintaining the town’s 2026 number of community events. Public engagement is scheduled to begin Oct. 15, with adoption planned for Dec. 8.

  3. Item 7.aTimnath council adopts resolution supporting Timnath Elementary

    The resolution invites the district to work with the town on long-term alternatives that keep students in town while addressing enrollment, facilities and planning needs. The closure recommendation remains under consideration.

  4. Item 7.bTimnath approves $1.3 million Poudre River land purchase

    The parcel is intended for possible County Road 5 expansion and open-space use. Closing is scheduled 60 days after signing, and the sellers may remain for up to 14 days afterward.

  5. Item 7.dTimnath advances owner-paid sewer hookups near public sewer lines

    The requirement applies only to properties beside streets, alleys or rights-of-way with public sewer lines, when a line is within 400 feet and a provider is willing and able to serve. Covered owners would have 180 days after written notice to connect and decommission on-site…

  6. Item 7.eTimnath advances updated flood maps; hearing set for Oct. 27

    The measure would replace the town’s 2013 flood study and maps in its regulations with updated versions scheduled to take effect Nov. 27. It would take effect upon adoption at second reading.

  7. Item 7.fTimnath council advances vinyl fencing allowance, sets Oct. 27 hearing

    The amendment would also require neighborhood-meeting notices to include an owner’s or applicant’s address and phone number. Whether the 500-foot notice radius should expand remains unresolved; the ordinance would take effect if adopted on second reading.