{"id":22442,"date":"2020-04-16T16:33:00","date_gmt":"2020-04-16T22:33:00","guid":{"rendered":"https:\/\/www.skyhinews.com\/news\/granby-dissolves-rosh-foundation\/"},"modified":"2020-04-16T16:33:00","modified_gmt":"2020-04-16T22:33:00","slug":"granby-dissolves-rosh-foundation","status":"publish","type":"post","link":"https:\/\/alwaysmountaintime.com\/krky\/local-news\/granby-dissolves-rosh-foundation\/","title":{"rendered":"Granby dissolves ROSH Foundation"},"content":{"rendered":"<figure class=\"wp-block-image p402_hide\">\n<div class=\"caption-container\"> <img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"684\" src=\"https:\/\/cdn.skyhinews.com\/wp-content\/uploads\/sites\/9\/2020\/04\/ROSH-shn-041720-1024x684.jpg\" class=\"attachment-large size-large wp-post-image\" alt srcset=\"https:\/\/cdn.skyhinews.com\/wp-content\/uploads\/sites\/9\/2020\/04\/ROSH-shn-041720-1024x684.jpg 1024w, https:\/\/cdn.skyhinews.com\/wp-content\/uploads\/sites\/9\/2020\/04\/ROSH-shn-041720-300x200.jpg 300w, https:\/\/cdn.skyhinews.com\/wp-content\/uploads\/sites\/9\/2020\/04\/ROSH-shn-041720-768x513.jpg 768w, https:\/\/cdn.skyhinews.com\/wp-content\/uploads\/sites\/9\/2020\/04\/ROSH-shn-041720-1536x1026.jpg 1536w, https:\/\/cdn.skyhinews.com\/wp-content\/uploads\/sites\/9\/2020\/04\/ROSH-shn-041720-2048x1368.jpg 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"><figcaption><strong>The Granby Board of Trustees approved the second request of the Recreation, Open Space and Housing Foundation to dissolve after months of discussion on the foundation&#8217;s existance.<\/strong><br \/><em>Amy Golden \/ agolden@skyhinews.com<\/em><\/figcaption><\/div>\n<\/figure>\n<p class=\"STND-STND BodyText\">After months of discussion, calls from homeowners to dissolve the Recreation, Open Space and Housing Foundation and a newly restructured board, the Granby Board of Trustees have approved the foundation\u2019s request to fold.<\/p>\n<p class=\"STND-STND BodyText\">In a 3-1 vote, with one trustee and the mayor abstaining, the town board approved ROSH\u2019s second request to dissolve the foundation.<\/p>\n<p class=\"STND-STND BodyText\">ROSH\u2019s covenants require the Granby board\u2019s approval to appoint new members and dissolve the foundation. Questions related to the foundation began late last year after ROSH asked the town to appoint a new board member.<\/p>\n<p class=\"STND-STND BodyText\">Granby Ranch and Edgewater residents paid a 1% transfer fee to ROSH on the second sales and beyond of their properties. These funds were to be used to improve recreation, open space and housing, but there was a debate on whether the funds could be used only in the contributing neighborhoods or anywhere in Granby.<\/p>\n<div class=\"row\">\n<div class=\"col\">\n<div class=\"row shn-donation shn-donation-mobile p-0\">\n<div class=\"col-xl-4 p-2\">\n<div data-bg=\"url(https:\/\/cdn.skyhinews.com\/wp-content\/uploads\/sites\/9\/2020\/02\/shn-logo-2x-wht.png)\" class=\"p-0 mt-2 mb-2 h-75 text-center rocket-lazyload\"><img decoding=\"async\" src=\"https:\/\/cdn.skyhinews.com\/wp-content\/uploads\/sites\/9\/2020\/02\/shn-logo-2x-wht.png\" class=\"logo m-0 p-0 invisible\"><\/div>\n<\/div>\n<div class=\"col-xl-8 p-3 text-center\">\n<h3 class=\"d-inline mr-3\">Support Local Journalism<\/h3>\n<p><button class=\"btn d-inline\" type=\"button\"><a href=\"https:\/\/www.skyhinews.com\/donate\/?utm_source=article&amp;utm_medium=website&amp;utm_campaign=donation&amp;utm_term=&amp;utm_content=mid-article\">Donate<\/a><\/button><\/div>\n<\/div>\n<p><\/div>\n<\/div>\n<p class=\"STND-STND BodyText\">The town repeatedly denied potential appointments and eventually reconstituted the ROSH board as homeowner interest grew. The new board was made up of three previous ROSH members and four new members, all Granby Ranch homeowners.<\/p>\n<p class=\"STND-STND BodyText\">The town previously denied ROSH\u2019s request to dissolve in a 4-2 vote. At the time, trustees expressed their surprise the ROSH board moved so quickly to dissolve after being reconstituted.<\/p>\n<p class=\"STND-STND BodyText\">ROSH members again approached the board this week with additional details on the decision. After three ROSH meetings examining the records available, all members of ROSH determined the foundation\u2019s issues were too convoluted to resolve.<\/p>\n<p class=\"STND-STND BodyText\">In a memo to the town board, ROSH President David Sardinta outlined the following financial and legal discrepancies:<\/p>\n<p class=\"STND-STND BodyText\">\u2022 The required \u201cnotice of transfer fee\u201d was never recorded and the collection of fees may have been without legal standing.<\/p>\n<p class=\"STND-STND BodyText\">\u2022 Some transfer fee funds are missing.<\/p>\n<p class=\"STND-STND BodyText\">\u2022 Financial records were not in good order and several questions regarding past IRS filings arose.<\/p>\n<p class=\"STND-STND BodyText\">\u2022 The grant application process was found insufficient to determine the qualification of applicants.<\/p>\n<p class=\"STND-STND BodyText\">\u2022 Some awards appear to be inconsistent with the foundation\u2019s covenant and at times outside IRS regulations.<\/p>\n<p class=\"STND-STND BodyText\">\u2022 Concerns grew over potential conflicts of interest in grant awards.<\/p>\n<p class=\"STND-STND BodyText\">\u2022 There has been no monthly reconciliations between fees received, sales and public records.<\/p>\n<p class=\"STND-STND BodyText\">\u201cThe ROSH Board of Directors unanimously agreed that rather than launching a lengthy and costly investigation it would be in the best interest \u2026 to dissolve the ROSH Foundation,\u201d Sardinta concluded.<\/p>\n<p class=\"STND-STND BodyText\">Sardinta said that while there had not yet been a determination whether the actions of the foundation were illegal, it would have to be ascertained if the foundation were to remain in existence.<\/p>\n<p class=\"STND-STND BodyText\">\u201cI don\u2019t think there\u2019s any wrongdoing,\u201d Sardinta said at the meeting. \u201cI just think there was a lack of guidance and a lack of understanding in some of the prior years. It\u2019s a bit of a quagmire quite honestly.\u201d<\/p>\n<p class=\"STND-STND BodyText\">While ROSH\u2019s previous legal counsel had asserted that the actions of the foundation were legal, the current ROSH board said the foundation was no longer using his services.<\/p>\n<p class=\"STND-STND BodyText\">\u201cHe\u2019s also the person who wrote the original covenant,\u201d Sardinta said. \u201cIt\u2019s not a document that we have faith in.\u201d<\/p>\n<p class=\"STND-STND BodyText\">Some residents raised an issue with dissolving the foundation when ROSH was used as part of the negotiations to annex Granby Ranch into the town. They objected to losing funding that they said was supposed to support Granby and counteract the costs associated with annexing the development.<\/p>\n<p class=\"STND-STND BodyText\">Others argued the transfer fee was an unfair tax on Granby Ranch residents and that these types of fees were made illegal in 2011.<\/p>\n<p class=\"STND-STND BodyText\">Some town board members seemed satisfied that ROSH had examined the history of the foundation and then voted unanimously to dissolve, something that held the trustees back from allowing it previously.<\/p>\n<p class=\"STND-STND BodyText\">\u201cThe due diligence has been done,\u201d Trustee Josh Hardy said. \u201cThat\u2019s all I really wanted was to make sure that those steps were taken to make sure that this was something that everybody on that board wanted.\u201d<\/p>\n<p class=\"STND-STND BodyText\">With the foundation dissolved, the board will meet again to determine where the leftover funds will go. According to its covenants, remaining money will go to an educational, recreational or scientific charity at the discretion of ROSH\u2019s board.<\/p>\n<p class=\"STND-STND BodyText\">In other business:<\/p>\n<p class=\"STND-STND BodyText\">\u2022 The town board held an executive session on the bonds the town is attempting to collect for repairs on Granby Ranch roads. The trustees rejected any settlements from the bond companies and directed legal counsel to continue their work.<\/p>\n<p class=\"STND-STND BodyText\">\u2022 The town manager updated the board on Granby\u2019s financial situation. While a lot remains unknown related to the COVID-19 crisis, the town manager was cautiously optimistic that increased spending in groceries and online sales might make up some of the losses in other sales tax areas for March. He also pointed out that the crisis correlates with mud season, which may also help minimize losses.<\/p>\n<p class=\"STND-STND BodyText\">\u2022 The town board approved a contract to build two pickleball courts in Polhamus Park.<\/p>\n<p class=\"STND-STND BodyText\">\u2022 The trustees amended the town electronic participation policy to allow quasi-judicial hearings as long as the party requesting a hearing consents to the meeting occurring virtually.<\/p>\n<p class=\"STND-STND BodyText\">\u2022 The board amended the town code on short-term rentals to allow Granby officers to enforce the county\u2019s public health order, allowing a maximum fine of $2,650 per day if found in violation.<\/p>\n<p><a href=\"https:\/\/www.skyhinews.com\/news\/granby-dissolves-rosh-foundation\/\" target=\"_blank\" rel=\"noopener noreferrer\">via:: Sky-Hi News<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Granby Board of Trustees approved the second request of the Recreation, Open Space and Housing Foundation to dissolve after months of discussion on the foundation&#8217;s existance.Amy Golden \/ agolden@skyhinews.com After months of discussion, calls from homeowners to dissolve the Recreation, Open Space and Housing Foundation and a newly restructured board, the Granby Board of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[56],"tags":[],"class_list":{"0":"post-22442","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-local-news"},"acf":[],"publishpress_future_action":{"enabled":false,"date":"2026-06-20 08:24:38","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"KRKY Ski Country","distributor_original_site_url":"https:\/\/alwaysmountaintime.com\/krky","push-errors":false,"_links":{"self":[{"href":"https:\/\/alwaysmountaintime.com\/krky\/wp-json\/wp\/v2\/posts\/22442","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alwaysmountaintime.com\/krky\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alwaysmountaintime.com\/krky\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/krky\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/krky\/wp-json\/wp\/v2\/comments?post=22442"}],"version-history":[{"count":0,"href":"https:\/\/alwaysmountaintime.com\/krky\/wp-json\/wp\/v2\/posts\/22442\/revisions"}],"wp:attachment":[{"href":"https:\/\/alwaysmountaintime.com\/krky\/wp-json\/wp\/v2\/media?parent=22442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/krky\/wp-json\/wp\/v2\/categories?post=22442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/krky\/wp-json\/wp\/v2\/tags?post=22442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}