Rocky Mountain Youth Corps to close on Steamboat home
13th Street house requires remodeling; closing expected Monday
Steamboat Springs — The Rocky Mountain Youth Corps is set to close Monday on its $675,000 purchase of the historic Eckstein Ranch.
The purchase, enabled by a special U.S. Department of Agriculture loan, would allow the group to move from its rented quarters at Colorado Mountain College’s Alpine Campus and consolidate in a permanent home on the western edge of the city, at 1705 13th St. (Twentymile Road). The entrance lane to the ranch is across the street from the gasoline pumps at Petro West Distributing.
“I’m pretty sure we’re going to close on Monday,” Youth Corps Executive Director Gretchen Van De Carr said. “We have all the documents together, and the USDA (was) expected to order release of the funds (Thursday). We should close by Tuesday at the latest.”
The Youth Corps put the property, which includes a stone-faced main residence and several outbuildings, under contract in late June. Van De Carr had hoped to close the sale by early August, and the wait has been difficult.
However, just this week she learned that the interest rate on the no-down-payment $765,000 loan had dropped from a fixed 4 percent throughout 40 years to 3.75 percent.
The mission of the Youth Corps is to provide youths with values and skills through the completion of outdoor projects, such as trail building. Van De Carr said the group’s annual revenue stream could support the mortgage payments.
The $100,000 of the loan more than the purchase price will go toward remodeling costs of about $185,000.
Van De Carr said Steamboat Springs and Routt County agreed to donations of $1,000 toward the additional remodeling costs, bringing the community contributions up to $47,000, including some in-kind donations from local professionals. They include Stephen Moore and Ian Wagner, of Steamboat Engineering and Architectural Design, lawyer Alan Keefe, of Sherman and Howard, and appraiser Bob Maddox, of Valuation Consultants.
One urgent task is raising the roof on a bunkhouse that is to become the home of another community organization, Partners in Routt County.
Van De Carr said ads for the formal federal bid process on the construction work would publish next week.
Sally Claassen, president of the Youth Corps board, previously told the Steamboat Today that she’s excited for the potential of the organization’s new home to become a valuable community asset for a variety of youth services.
Van De Carr said she and her staff were looking forward to a new era when they will be free to bring their dogs to work.
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It is going to be a hot week in Steamboat Springs.