MINTURN —- Town officials Monday engaged in a bit of high-fiving — mixed with some relieved sighing — when the Colorado Supreme Court unanimously upheld the town’s 2008 annexation of the Battle Mountain Resort property.
That ruling means the town and Battle Mountain can continue working on development agreements. But it also means Minturn can keep — and take its time deciding how to spend — about $4.6 million in escrow funds that had recently been released to the town.
Council member Earle Bidez said the legal agreement releasing the funds stated that if the state Supreme Court invalidated the annexation, the town would have to return any portion that hadn’t been spent or appropriated until a new annexation agreement was complete.
“We’d have been able to keep $350,000 for the scholarship fund, $250,000 for Little Beach Park and a little more, but that would have been it,” Bidez said.
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