The Centennial City Council voted unanimously on February 20th, to purchase two properties adjacent to the City Civic Center. The Westerra Credit Union located at 13133 East Arapahoe Road will become the new City offices later this year. In addition, the 11 acres surrounding the building can be designated as parks, open space, trails as well as other community uses.
The cost for the building and properties is $6.7 million. Of this amount, $4.1 million will come out of the City's General Fund and $2.6 million will come out of the Open Space and Conservation Trust Fund (Centennial's share of the Arapahoe County Open Space Tax and the Colorado Lottery).
The Advisory Board for Parks, Open Space, Recreation and Trails has been asked to help design the 11 acre parkland.
The City had been leasing office space for the past several years . The new purchase will provide the City with an investment rather than paying rent to another entity.
(City of Centennial News Release, as provided in the Palos Verdes Newsletter)
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