Loveland agrees to buy Agilent property for $5.8 million

LOVELAND – Loveland City Council agreed to purchase the Agilent Technologies Inc. property at its meeting May 10, a big step toward the city’s bid for the Aerospace Clean Energy Manufacturing and Innovation Center.

The vote appropriated $5.8 million to fund the purchase price of the property, and came after a three-hour closed-door meeting between the councilors and lawyers.

Purchase of the property at 900 S. Taft Ave. in Loveland, will close on June 23.

Mayor Cecil Gutierrez stated the importance of due diligence on the part of the council to make sure they covered every detail of the complex issue.

The funds for…