HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 05/06/1999 - SECOND READING OF ORDINANCE NO. 56, 1999, AUTHORIZ AGENDA ITEM SUMMARY ITEM NUMBER: 15
DATE: May 4, 1999
FORT COLLINS CITY COUNCIL STAFF!im O'Neill/Ron Mills
Ellen Alward
SUBJECT:
Second Reading of Ordinance No. 56, 1999, Authorizing the Mayor to Execute a Deed of
Conveyance for the Sale of a 3.726-Acre Parcel Near the Intersection of East Prospect and
Timberline Roads.
RECOMMENDATION:
Staff recommends adoption of the Ordinance on Second Reading.
EXECUTIVE SUMMARY:
Ordinance No. 56, 1999,was unanimously adopted on First Reading on April 20, 1999,authorizing
the Mayor to execute a deed conveying this property, and to execute such other related documents
as needed to convey the property to Anchor Development Corporation.
AGENDA ITEM SUMMARY ITEM NUMBER: 20
DATE: April 20, 1999
FORT COLLINS CITY COUNCIL STAFF:Jim O'Neill/Ron Mills
Ellen Alward
SUBJECT:
First Reading of Ordinance No. 56, 1999,Authorizing the Mayor to Execute a Deed of Conveyance
for the Sale of a 3.726-Acre Parcel Near the Intersection of East Prospect and Timberline Roads.
RECOMMENDATION: 14; 401 %k
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Staff recommends adoption ofthe Or"ince orPFi stt Readin
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FINANCIAL IMPACT:
The sale of this parcel will result in revenue of$173,400 for the Light and Power Fund.
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EXECUTIVE SUMMARY:
In 1970, the Light and Power Utility acquired the land for the Timberline Substation. The Utility
now desires to sell a 3.726-acre portion of that site. The parcel is not needed for Utility purposes.
However, 2.3 acres of this site ' t7tentially-a A e.z)t is Bated on the south side of East
Prospect Road east of Timberlhxie Road twee n F if c and Burlington Northern Santa
Fe Railroad tracks and bordered on the south by pI Creek. er offering this property to other
City departments and the Housing chaffing issue invitation to bid on the property.
Two unacceptable bids were received in July 1998. In March 1999, Purchasing received an
acceptable contract from Anchor Development Corporation in the amount of$173,400. This is the
current estimated value of the property, based on comparable land sales in the area, as determined
by the City's Right-of-Way Office.
Approval of this Ordinance would authorize the Mayor to execute a deed conveying this property,
subject to utility and trail easements, and to execute such other related documents as needed to
convey the property to Anchor Development Corporation.
DATE: April20, 1999 2 ITEM NUMBER: 20
BACKGROUND:
The original 37-acre Timberline Substation site was obtained through condemnation in 1970. One
of the condemnation rulings required the City to purchase more land than was necessary for the
Substation. Since that time, Parks and Recreation purchased a 3-acre portion of the property and
some land was sold and traded for intersection improvements and storm drainage needs. A link in
the Spring Creek Trail is also constructed on the property.
The parcel that is proposed to be sold (See Attachment A) was offered to other City departments
before it was put out to bid to be sold. Parks and Recreation identified the need for additional
permanent trail easement and the Utilityalso reserved utility easement. The Natural Resources
Department and the Natural Resources Board ekpressed=a strong interest in obtaining this property
since it is adjacent to Spring Cre#ek_,Tiai and,Arrently contains a prairie dog coterie. However,
because of the high per acre cost, Natural Resources was unwilling to purchase the property at its
estimated market value.
Purchasing received the first acceptable bid in March after rejecting two earlier unacceptable offers.
The proposed purchaser is Anchor Development Corporation and it has offered to purchase the
property for$173,400. This is the current estimated market value of the property as determined by
the City's Right-of-Way Office. If the project is approved through the City's planning and
development process, Anchor Development intends to construct mini-warehouse storage units on
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the property. F �;
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