County buys 40-year lease on mental-health center building
Help from foundations, state grant of $900,000 make transaction possible
With a $900,000 grant from the Colorado Department of Local Affairs, Mesa County has purchased a 40-year lease on a building at Colorado West Mental Health.
The Mesa County Commission unanimously approved the expenditure Tuesday.
The facility north of North Avenue on 28 3/4 Road, has been in dire financial straits the past two years. The county’s purchase is one part of a multipoint plan that has various foundations giving money to Colorado West so it may continue its mission. The facility provides detoxification for people arrested for DUI, a place to house and treat those with mental difficulties instead of jail, and mental health services for the community.
The 40-year lease “will allow a broader deal to go through to allow Colorado West to strengthen its mental health campus,” said Jon Peacock, county administrator.
The county’s action is coupled with assistance from the Colorado Health Foundation.
The foundation has negotiated a reduced price for the $10 million deed of trust that J.P. Morgan, a financial-services firm, has with Colorado West. The foundation will pay JP Morgan $6.9 million.
Colorado West will reimburse the foundation $750,000 over a five-year period. Once that amount is paid, the debt will be forgiven, and the Colorado Health Foundation no longer will be involved with Colorado West.