City manager outlines $9.5 million Liberty Ridge takedown, pool funding and airport hangar plans

City Manager Ned Thomas summarized his first year and highlighted several large projects and one‑time revenues during his annual review to the Boulder City Council.

Thomas told the council the city received an approximately $9,500,000 takedown payment from the Liberty Ridge subdivision sale on Dec. 1. He said 10% of that payment will be allocated to public safety and the remainder will be used to fund construction and development of a new community swimming pool.

"The city received its first takedown from the sale of this land or payment of land. It was approximately $9,500,000," Thomas said, adding that the funds will support public safety and the pool project.

Thomas also said staff will bring forward lease agreements for the development of additional hangars at Boulder City Municipal Airport to address a long waiting list for hangar space. He described other city projects underway or planned, including accessibility improvements at City Hall, irrigation and turf work at municipal facilities to increase water efficiency, and continued work on the strategic plan and the five‑year capital improvement program.

On labor and organizational topics, Thomas noted several bargaining units remain in negotiation and described use of a negotiation matrix and NeoGov performance software to standardize evaluations. He asked the council to expect preliminary budget briefings for the FY 26‑27 operating budget and the capital improvement plan in the coming weeks.

What this means
The Liberty Ridge payment creates a significant one‑time revenue source earmarked for capital investment; council direction to allocate 10% to public safety and the balance to the pool establishes an initial spending plan, but staff will return with specific budget and project proposals for council approval.