HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 05/06/1999 - SECOND READING OF ORDINANCE NO. 55, 1999, AUTHORIZ 14
AGENDA ITEM SUMMARY ITEM NUMBER:DATE: May 4, 1999
14
FORT COLLINS CITY COUNCIL Ron Mills/
STAFF: Craig Foreman
SUBJECT:
Second Reading of Ordinance No. 55, 1999, Authorizing the Sale of Lot 5, Clarendon Hills Fifth
Filing, and Appropriating Unanticipated Revenue in the Conservation Trust Fund.
RECOMMENDATION:
Staff recommends adoption of the Ordinance on Second Reading.
EXECUTIVE SUMMARY:
The City purchased Lot 5 of Clarendon Hills Fifth Filing in 1992 with the intention of placing a trail-
head parking lot at this location. Lot 5 is located in the northeast corner of the intersection of South
Shields Street and Fossil Creek Drive. The City's subsequent purchase of the Cathy Fromme Prairie
to the west of Shields Street resulted in the placement of a parking lot on the Prairie across from Lot
5. As a result,there is no longer a need to use Lot 5 for traiihead parking.
Ordinance No. 55, 1999, was unanimously adopted on First Reading on April 20, 1999, and
authorizes the City to sell the lot to Gary and Susan Murphey, the bidders for the property.
AGENDA ITEM SUMMARY ITEM NUMBER: 19
DATE: April 20, 1999
FORT COLLINS CITY COUNCIL STAFF: Ron Mills/
Craig Foreman
SUBJECT:
First Reading of Ordinance No. 55, 1999, Authorizing the Sale of Lot 5, Clarendon Hills Fifth
Filing, and Appropriating Unanticipated Revenue in the Conservation Trust Fund.
RECOMMENDATION: wz
Staff recommends adoption of,the Ordinance of irstReading V
n
FINANCIAL IMPACT:
The consideration for this lot is$62,000 and will result in unanticipated revenue in the Conservation
Trust Fund. This item appropriates the unanticipated revenue in the Conservation Trust Fund, for
the continued development of.the Fbssil,CFeelc,,Trat1 The City braid $33,000 for the property in
1992, so this sale will result it gam of,$29,00
EXECUTIVE SUMMARY:
The City purchased Lot 5 of Clarendon Hills Fifth Filing in 1992 with the intention of placing a trail-
head parking lot at this location. Lot 5 is located in the northeast comer of the intersection of South
Shields Street and Fossil Creek lye
subse uen urcl e of the Cathy Frornme Prairie
to the west of Shields Street re Ited in plac' e of par g¢of on the Prairie across from Lot
5. As a result, there is no lon r a nee o use_ of, for trai ad parking.
Staff has checked with other City departments and there was no interest in this lot for other City
purposes. The Purchasing Department distributed a standard invitation to bid and received one bid
for$62,000. Research of comparable lot sales by Land Management Staff and consultation with the
Realtor who marketed the Clarendon Hills Subdivision confirm that the bid is reasonable. Adoption
of this Ordinance will authorize the City to sell the lot to Gary and Susan Murphey,the bidders for
the property, for$62,000.
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