The Johnstown Town Council unanimously approved a $685,000 purchase agreement for approximately 1.18 acres of downtown property owned by Quality Liquid Feeds Inc., positioning the site for potential future redevelopment under the Town’s Downtown Master Plan.
Council approved Resolution 2026-42 Monday night by a 7-0 vote. The agreement covers three parcels near Charlotte Street, including property at 123 Charlotte Street, totaling approximately 1.183 acres.
Quality Liquid Feeds is selling the property as the company relocates its business operations out of state. Town staff has been working with the company for several months to evaluate acquiring the property and its potential for redevelopment. Town Council Communication
Town sees opportunity for downtown redevelopment
Town officials say acquiring the property would give Johnstown greater ability to guide future redevelopment of the site.
The Town’s Downtown Master Plan calls for the long-term redevelopment of industrial properties within downtown into uses that support a more vibrant, walkable and interconnected area. Staff said Town ownership could help facilitate compatible mixed-use development, improve pedestrian connectivity and strengthen connections with Historic Downtown.
The property is zoned Mixed-Use Downtown, or MU-DT. The Town is also working with Kansas State University Technical Assistance to Brownfields, which will assist with developing a conceptual redevelopment approach based on the Downtown Master Plan and the site’s existing zoning.
Town ownership could also provide additional flexibility to pursue redevelopment partnerships and funding opportunities, including collaboration with the Johnstown Downtown Development Authority, potential tax-increment financing revenues and state and federal brownfield assistance.
Environmental conditions still being evaluated
The property will require additional environmental investigation before the Town has a complete picture of the site’s condition.
A Phase I Environmental Site Assessment completed in July identified recognized environmental conditions and recommended further assessment to determine the extent of any potential contamination and whether remediation may be necessary. Town documents currently describe the site as a potential brownfield, though a final determination has not yet been made.
Johnstown has submitted a request to the Colorado Department of Public Health and Environment for a Phase II Environmental Site Assessment. If approved, the assessment would be funded and completed through CDPHE’s brownfield program.
Completing the Phase I assessment before acquisition also preserved the Town’s eligibility for potential state and federal brownfield funding for additional assessment and, if needed, remediation.
An appraisal was completed in August to establish the property’s market value, although the council materials released for the meeting do not state the appraised amount.
Parcel discrepancy discussed before approval
During Monday’s meeting, Town staff also discussed a discrepancy involving how the property is reflected in title records.
Staff said the title information showed the property as two parcels, while Weld County GIS records show three parcels. The discrepancy was not expected to affect Council’s approval of the purchase agreement.
The purchase agreement identifies three parcels, including two larger parcels and the approximately 0.134-acre property at 123 Charlotte Street.
There is also a separate acreage discrepancy in the written council materials. The agenda communication lists Parcel 105904300033 as 0.759 acres, while Resolution 2026-42 and the purchase agreement list it as 0.799 acres.
The 0.799-acre figure, combined with the other two parcels of 0.250 and 0.134 acres, corresponds with the stated total of approximately 1.183 acres.
Purchase includes 30-day contingency period
The purchase price for the property is $685,000.
The Town is required to provide a $10,000 earnest-money deposit within five business days of the agreement’s effective date. The remaining $675,000, subject to prorations and other closing adjustments, will be paid at closing.
The agreement provides Johnstown with a 30-day contingency period to investigate the property and obtain required approvals. During that period, the Town may terminate the agreement at its sole discretion and have the deposit returned.
Closing will take place no earlier than three days and no later than 30 days after the contingency period expires unless the Town and seller agree otherwise.
Town staff said funding is available in the approved 2026 budget to purchase the three parcels. Resolution 2026-42 also states that Council may need to approve a budget amendment if necessary to complete the transaction.
With Monday’s approval, the Town Manager is authorized to execute the purchase agreement and take the additional steps necessary to complete the transaction.
Source Documents
Readers can review the additional Town documents related to the purchase below:
- Resolution 2026-42 — Approving the Purchase and Sale Agreement between the Town of Johnstown and Quality Liquid Feeds Inc.
- Town Council Communication — Staff report outlining the proposed purchase, redevelopment goals, environmental review and funding.
