Loading...
HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 07/19/2005 - ITEMS RELATING TO THE TIMBERLINE ROAD, DRAKE TO PR ITEM NUMBER: 27 A-C AGENDA ITEM SUMMARY DATE: July 19, 200s FORT COLLINS CITY COUNCIL STAFF: Matt Baker SUBJECT Items Relating to the Timberline Road, Drake to Prospect Project and the Creation of Timberline and Prospect Special Improvement District ("SID") No. 94. RECOMMENDATION Staff recommends approval of these items. FINANCIAL IMPACT Street improvements are proposed for Timberline Road from Drake to Prospect. Most of the planned improvements are adjacent to existing and proposed developments and will be constructed through the Street Oversizing Program. The developers have also agreed to fund additional improvements needed in order to proceed with their developments in accordance with the City's Adequate Public Facilities (APF) Ordinance. Developers have contributed$2,500,000 to the City for the engineering design and construction of the APF improvements to the Timberline and Prospect intersection. These funds are in conjunction with the proposed Special Improvement District No. 94 financed privately by property owners developing in the proposed district. EXECUTIVE SUMMARY A. Resolution 2005-083 Approving the Preliminary Report of the Director of Community Planning and Environmental Services for Timberline and Prospect SID No.94,the Property to be Assessed for the Improvements, the Assessment Method and the Date when the Council will Hold a Hearing and Consider the Ordering by Ordinance of the Proposed Improvements. B. First Reading of Ordinance No. 084, 2005, Appropriating Unanticipated Revenue in the Capital Projects Fund - Timberline Road Improvements Project and Appropriating Prior Year Reserves in the Street Oversizing Fund for Transfer to the Capital Projects Fund- Timberline Road Improvements Project to be used to Construct Improvements on Timberline Road Between Drake and Prospect Roads. C. Resolution 2005-084 Authorizing an Exemption to the Use of a Competitive Process for Additional Professional-Services in Connection with the Timberline, Drake to Prospect Project. July 19, 2005 -2- Item No. 27 A-C The Timberline Road and Prospect Road intersection is the most heavily congested intersection in the City. In the absence of any City Capital Improvement funding for this intersection, two impacted developers are electing to privately fund these improvements in order to proceed with their development projects. These developers are the majority property owners and have proposed the initiation of an involuntary SID to spread a portion of the costs through assessments to other undeveloped property in the area benefitted by the improvements. The proposed Timberline and Prospect SID No. 94 will meet all of the adopted Council Policies regarding Special Improvement Districts. The creation of the SID will spread the cost of the APF improvements to all undeveloped property which benefits from the construction. BACKGROUND Detailed Summary: The first item is a Resolution for Council approval, adopting the plans, specifications, estimated cost, and the method of assessment for the SID. The first step in creating this SID has already been taken. The property owners submitted petitions asking for the creation of the district. A Resolution accepting the petitions was approved on November 4, 2003, which directed the City Engineer to draw up plans and an estimate of the improvements. Staff has completed the Engineering Report for the Timberline and Prospect SID No. 94 which studies the following: 1. The location of the proposed district includes the petitioners and rights of way and easements necessary for construction. 2. The costs and financing including the total project cost, Street Oversizing Program costs and the assessment methodology. The assessments methodology is based on the requirements of the City's adequate public facilities ordinance. 3. Maps of the district, legal descriptions, right-of-way maps, and detailed construction cost estimates which are included in the report. 4. Summary of the traffic analysis and assessment for each property in the district. This Resolution also sets the hearing date for public comment on August 16,2005 at the regular City Council meeting. At that time, staff will present an Ordinance for Council approval which will create the SID. At the completion of construction,Council will hear an Ordinance assessing the cost of the improvements to the properties in the SID for collection. To meet the requirements of Article X, Section 20 of the Colorado Constitution (TABOR Amendment), a special election of SID property owners will be held on November 1, 2005. The ballot question is limited to whether to allow the City to collect the assessments over time. If the July 19, 2005 -3- Item No. 27 A-C ballot measure fails, the assessment payment would be due in full immediately. A Resolution placing the SID assessment question on the November ballot will be presented for consideration by Council at its meeting on August 16, 2005. The remaining items are related to the construction of the roadway improvements. An appropriation ordinance transfers monies received from the developers and the Street Oversizing Fund into the project account. An authorization of a change order to complete the construction drawings and related bid documents is also presented. Over the last several months, staff has been meeting with the property owners who will be affected by the acquisition of right-of way for the project. Their input has been considered during the engineering design and has helped resolve many issues,including access,storm water,utility service and irrigation water. City Departments have been working together to include utilities and roadways needed for the planned Police Facility, and will include these improvements in the roadway contract in order to save time and money for the Police Facility Project. Staff has also been working with property owners who have requested to have their frontage improved with this project. Fleischli Enterprises and Integrated Equities have decided to participate in this project for its benefit, as well as the City's. Both property owners have agreed to contribute their local street portion and are now completing the engineering design along their frontages to include in the construction of Timberline Road. At the August 16 meeting of Council, staff will request authorization of eminent domain proceedings to insure the timely completion of the project. Staff has met with all the property owners affected by the Project and begun negotiations on right-of-way and construction easement acquisition. The authorization of eminent domain would allow the City to obtain possession of necessary property interests if negotiations are not finalized by the planned construction start date. Staff is completing appraisals for offers to each property and all properties have been notified by certified mail of this Council action. Summary of costs: APF Improvements (SID No. 94) $2,500,000.00 City of Fort Collins Police Facility Capital Project Existing Appropriations $1,272,291.00 Sidehill Development Contribution $829,512.00 St. Charles Investment Group Contribution $354,014.00 Fleischli Enterprises Contribution $115,447.00 Integrated Equities Contribution $119,830.00 Street Oversizing Fund Prior Year Reserves (Including a$212,936 contribution from Prospect Industrial Park) $3,273,425.00 $6,180,455.00 Total Construction Cost: $8,680,455.00 July 19, 2005 -4- Item No. 27 A-C Additional Background Information: Construction is planned to start this fall with the widening of the bridge over Spring Creek, expansion of the Great Western Railroad crossings on both Timberline and Prospect, and utility relocations. Construction of the roadway improvements will begin in the Spring of 2006 and be completed by the end of the year. Utility service and perimeter roadways for the Police Facility will be included in the Timberline Road Project. This will help with coordination of improvements and realize significant cost savings for the Police Facility site. Timberline Road, from Drake to Prospect is currently the highest deficiency segment in the City's street network. The Timberline/Prospect intersection experiences failing levels of service in both the morning and afternoon peak hours. Attempts by the City to create a funding mechanism for the necessary improvements have not been successful. The City's Adequate Public Facilities Ordinance does not allow any additional development to impact failing intersections. A conceptual estimate indicates that$2.5 million is needed to improve the intersection to meet minimum levels of service necessary to allow additional development in the area. The improvements contemplated are: • Dedicated right turn lanes on all legs of the intersection • Double left turn lanes on Timberline • Additional through lanes on Timberline These interim improvements will add capacity to the intersection, but will not include landscaped medians,concrete paving,enhanced crosswalks,or other elements not necessary to increase levels of Service. There are two large development parcels which are currently affected by APF. The James Company is constructing the Sidehill development project on the east side of Timberline and north of Drake and the St. Charles Investment Group owns 80 acres on the west side of Timberline and north of Drake. Both of these developments cannot build in the absence of improvements to Timberline/Prospect. These developers have elected to fund the $2.5 million APF improvements in order to proceed with their development projects. There are other smaller undeveloped parcels adjacent to Timberline/Prospect that are also affected by APF. Some have expressed interest in participating in the cost of improving the Timberline/Prospect intersection while others have indicated a strategy of waiting until the improvements are made in order to benefit while avoiding any costs. The James Company and the St. Charles Investment Group have proposed the formation of an involuntary SID as a financing mechanism to allow for fair and equitable assessment of all benefitting property owners. The terms of the district would generally be: 1. The amount financed will be$2.5 million,or the amount needed to make the improvements to the Timberline/Prospect intersection required by APF. 2. No municipal or City-backed bonds will be issued. Financing will be by the developers, using cash or private placement bonds. The City will be the July 19, 2005 -5- Item No. 27 A-C collection agency for assessments, but will not incur any financial liability. Actual payment of the$2.5 million by the James Company and Cumberland Group will not occur until construction bidding (August 2005) to avoid capitalized interest. Security in the form of a performance bond for $2.5 million has been posted with the City in order for development to continue during the formation of the SID. 3. The Assessment method will be based on APF and its benefit to undeveloped property. Several factors, including trip generation, trip distribution, delay and proximity to the intersection within a one-mile radius are used to calculate the impact and benefit for each property. Efforts will be made to obtain consent of any potentially assessable property owner prior to the creation of the SID. 4. The properties included in the SID will begin repayment of their proportionate share (the assessments) upon completion of the construction and final accounting of the costs (tentatively in late 2006). Providing a 10 year repayment schedule for properties being assessed could be an incentive for properties to participate in the SID without opposition. However, in accordance with the TABOR Amendment,a vote of district properties would be necessary to allow the City to enter into a multi- year obligation to collect assessments over time. The alternative to a 10 year payback is an immediate one time assessment of the full amount due. This one time assessment, without the option to pay in installments, would likely produce a greater protest from involuntary participants. Included in these items is a resolution setting this assessment question on the November ballot. Resolution 2003-122 accepting the petitions and directing City staff to prepare the plans and cost estimates was adopted by City Council on November 4, 2003. The City has adopted Special Improvement District criteria and policies set forth in the "Special Improvement Districts Manual, Section II,Policies", as listed below. 1. All public improvements as described in Chapter 16 of the City Code shall be eligible for inclusion in an Improvement District ("District'). However, the City may exclude certain improvements when it deems such improvements are not in the best interests of the City. 2. The City reserves the right to deny the creation of any District. 3. The proposed District should be consistent with the Maser Street Plan and other planning documents of the City. The district should have an approved Master Plan. An approved Preliminary Plan may be required if local street or utility improvements are to be included within the District. The City may also require a Storm Drainage Plan to be submitted. 4. The total cost of the District should not exceed the appraised value of the improvements and the land to be included in the District. 5. The amount of encumbrances on the land in the District including the assessments of the District should not exceed 90%of the value of the land including the improvements without being acknowledged by subordinate lien holders, or the posting of a surety from a July 19, 2005 -6- Item No. 27 A-C recognized company for 100% of the principal and interest of the construction cost of the District. 6. The cost to be borne by the City in a District must be currently available or minimized and/or deferred through credits or other mechanisms. 7. The City has the option to require property owners within the District to manage construction of the improvements themselves or through Professional Engineers where it is to the City's advantage to do so and the proposed managers can demonstrate experience and competence. 8. The City has the option to require privately managed Districts to bid and award contracts for construction of the public improvements when provided for in the District's Master Agreement and performed in conformance with the City Charter. 9. Construction activities of District improvements should not cause extraordinary inconvenience to properties choosing not to be a party to the District. 10. Should a default in the assessment payments of a District occur,the City shall have the right to immediately proceed with all legal remedies including a tax deed and sale of the affected land. 11. The City Manager may establish administrative policies and procedures for the Improvement District process and may recommend appropriate fees to the City Council. 12. Proposed improvements should be of benefit to the City within a reasonable time frame. ATTACHMENTS 1. Vicinity Map 2. APF Map/One Mile Radius Map 3. Resolution 2003-122 ATTACHMENT Project Limits PROSPECT ROAD � i t �STco U LL U a z o z Z) DRAKE ROAD FF Timberline Road Widening Project from Drake to Prospect N W+E nt f�rtCollins S July 1, 2005 ago- i 4 as v p , 4 t •1'xnq � 7- �, a fff I ,A ay �k a s ATTACHMENT COPY RESOLUTION 2003-122 OF THE COUNCIL OF THE CITY OF FORT COLLINS ACCEPTING A PROPERTY OWNER PETITION REGARDING THE INITIATION OF A SPECIAL IMPROVEMENT DISTRICT, STATING THE NEED FOR, THE NATURE OF, AND THE LOCATION OF THE IMPROVEMENTS TO BE MADE,DESCRIBING THE AREA TO BE ASSESSED FOR THE SAME, AND DIRECTING THE DIRECTOR OF COMMUNITY PLANNING AND ENVIRONMENTAL SERVICES TO PREPARE AND PRESENT TO THE CITY COUNCIL THE NECESSARY INFORMATION FOR THE FORMATION OF SAID DISTRICT WHEREAS,the Council of the City of Fort Collins,Colorado(the"Council')has received a Petition from an affected property owner (the "Petitioner") in the area of a proposed special improvement district(the"District')requesting that the Council initiate proceedings for the creation of the District; and WHEREAS,the District would be established for the purpose of constructing certain street improvements to Timberline Road between Drake Road and Prospect Road, including the Timberline/Prospect intersection, and WHEREAS, such improvements are sorely needed to relieve severe traffic congestion in such area of the City; and WHEREAS,the Council has received the Petition,accepts the same,and desires to proceed with the formation of the District. NOW,THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS: Section 1. That the Petition,as submitted by the Petitioner requesting the formation of the District, is hereby received and accepted. Section 2. That the Petitioner constitutes one percent(1%) of the owners of the area of the property be assessed in the District. Section 3. That the improvements to be constructed will consist generally of improvements to Timberline Road between Drake Road and Prospect Road, including the Timberline/Prospect intersection, and will include, but need not be limited to, right-of-way acquisition,earthwork,curb and gutter,sidewalk,bicycle lanes,bridge expansion,railroad crossing expansion, drainage improvements, utility relocations, paving and other improvements that are necessary or appurtenant thereto. Section 4. Such improvements are needed in order to provide adequate access for vehicles and pedestrians to the properties abutting Timberline Road to be improved, in order to relieve severe traffic congestion in the area,and to provide adequate storm drainage and landscaping amenities. Section 5. That it is hereby recognized that improvements to be constructed in the District will confer special benefits on the real property in the District and general benefits to the City at large. Section 6. That the nature and location of the improvements to be made in the District are as set forth on Exhibit"A"attached hereto and by this reference incorporated herein. Section 7. That the Director of Community Planning and Environmental Services is hereby directed to prepare and present to the Council the following: a. Preliminary plans and specifications of the improvements described herein; and b. An estimate of the probable total cost of such improvements, including the cost ofplanning,constructing,orotherwise acquiring the same;engineering, legal and advertising costs;interest during construction and until assessments are made by ordinance against the property benefitted, and other incidental costs incurred in the District; and C. A map of the District to be assessed for the cost of the improvements. Section 8. That the area to be assessed for the District improvements described on Exhibit"B,"attached hereto and incorporated herein by this reference,shall be approximately as set forth in the Petition heretofore submitted by Petitioner and on file with the City Clerk. Section 9. That the District shall be known as the Timberline/Prospect Special Improvement District No. 93. Passed and adopted at a regular meeting of the City Council held this 4th day of November, A.D. 2003. y_ Mayor ATTEST: City Clerk 2 EXHIBIT"A" DESCRIPTION OF IMPROVEMENTS Timberline/Prospect SM#93 The Timberline/Prospect Special Improvement will generally consist of roadway and intersection improvements to increase capacity at the Timberline Prospect intersection: • Construction of dedicated right turn lanes on all legs of the intersection • Construction of double left turn lanes on NB and SB Timberline Road • Construction of additional through lanes on NB and SB Timberline Road for a total of four lanes • Extension (widening)of the Timberline bridge over Spring Creek • Extension of the RR crossing at the Great Western RR spur, including relocation of the exisiting signal crossing arms and warning devices • Relocation of an existing high pressure gas main • Relocation and upgrade of the existing Timberline/Prospect traffic signal • All incidental utility and drainage work necessary for construction of the improvements • Acquisition of all necessary ROW and easements One Mile Radius EXHHIIT`S" Around Intersection of Timberline and Prospect � m o ® � Q G 1 o � 'Side Hill � o Mansion/ Park Q Legend N P///;Petitioning Proae uea o 00o z o0o a o�pe� A r1 Buildable Land lnry Tory Parcels RESOLUTION 2005-083 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROVING THE PRELIMINARY REPORT OF THE DIRECTOR OF COMMUNITY PLANNING AND ENVIRONMENTAL SERVICES FOR TIMBERLINE AND PROSPECT SID NO. 94,THE PROPERTY TO BE ASSESSED FOR THE IMPROVEMENTS,THE ASSESSMENT METHOD AND THE DATE WHEN THE COUNCIL WILL HOLD A HEARING AND CONSIDER THE ORDERING BY ORDINANCE OFTHE PROPOSED IMPROVEMENTS WHEREAS, Chapter 22, Article III of the City Code empowers the City of Fort Collins, Colorado (the "City") to establish special improvement districts, and sets forth procedures and requirements for forming and organizing special improvement districts and providing for the improvements to be constructed thereby and for the assessment of costs associated with those improvements; and WHEREAS, heretofore the City Council (the "Council') began proceedings to establish Timberline and Prospect SID No. 94 (the 'District") by the acceptance of the petitions of affected property owners in the area (the 'Petitions") through its adoption of Resolution 2003-122, on November4,2003,which directed the Director of Community Planning and Environmental Services to prepare and present to the Council preliminary plans and specifications for the proposed District improvements, an estimate of the probable total cost of those improvements, and a map of the District; and WHEREAS,the Director of Community Planning and Environmental Services,pursuant to Resolution 2003-122, has made his report and has presented the details and specifications for the proposed District to the Council on the 19th day of July, 2005 (the "Report"); and WHEREAS, the Council has examined such plans, estimate of costs, maps and other documents, and has found the same to be sufficient; and WHEREAS,the Council desires to proceed with the process for the formation of the District. NOW,THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows: Section 1. That the Report,including the plans and specifications, map and estimate of the probable total cost as prepared by the Director of Community Planning and Environmental Services and heretofore filed with the City Clerk and presented to the Council on this 19th day of July, 2005, for the District, is hereby accepted, approved, and adopted. Section 2. That the nature and location of the District improvements (the "Improvements")to be assessed against property in the District shall be as set forth in the Petitions, Resolution 2003-122, and the Report. Section 3. That the estimated total cost of the Improvements in the District, including without limitation the cost of acquiring,planning,engineering,and constructing the Improvements (but excluding legal and advertising costs, interest during construction and until assessments are made by ordinance against the properties benefitted, financing costs, and other incidental costs to the District), as shown by the estimate of probable total cost, made by the Director of Community Planning and Environmental Services,is Two Million Five Hundred ThousandDollars($2,500,000). Section 4. That the property to be assessed in the District(the 'Property") shall consist of tracts or lots as described more fully on Exhibit"A" attached hereto and incorporated herein by this reference. Section 5. That the total actual cost to the District, upon the completion of the Improvements, shall be apportioned in an assessment roll against each lot,tract,or parcel of land to be assessed, which assessment roll shall include the cost of the Improvements together with additional assessments for legal and advertising costs, interest during construction and until assessments are made by ordinance against the properties benefitted, financing costs, and other incidental costs to the District. Section 6. Assessments against individual parcels of property in the District shall be levied by an assessing ordinance. Such assessments shall be a lien until paid in the several amounts assessed against each lot, tract or parcel of land. The cost of the Improvements, together with all costs incurred in formation and financing of the District, shall be assessed on the basis of the total P.M. peak hour trips that each parcel of parcel of property in the District contributes to the intersection of Timberline Road and Prospect Road, irrespective of the size of each such lot, tract or parcel, or the amount of street footage adjacent to the same. The total of all aggregated assessments shall be sufficient to cover the portion of the total costs of the District to be defrayed by such special assessments. Section 7. If any such lot,tract or parcel is divided into smaller parcels or other property interests,the assessment against such lot,tract or parcel shall be reallocated, so that the assessment against each such smaller parcel or other property interest shall bear the same ratio to the original assessment against such lot,tract or parcel as the size of such smaller parcel or other property interest bears to the original size of the lot, tract or parcel. The entire unpaid principal of such assessment or reallocated assessment, as the case may be, together with interest accruing thereon to the next assessment interest payment date, except to the extent that interest on the bonds to be issued by the City for the District have been capitalized through such date, shall be immediately due and payable by the seller or transferor thereof prior to the sale or transfer of any such lot, tract or parcel, or portion thereof,if such lot,tract or parcel shall have been divided as aforesaid,unless the purchaser or transferee thereof shall acknowledge, in writing, receipt of notice that the seller or transferor is not paying such assessment or reallocated assessment in full prior to such sale or transfer and that such assessment or reallocated assessment against such lot,tract or parcel,or portion thereof,as the case may be, shall continue to be a lien thereon. Section 8. Said assessments shall be payable in not more than fifteen (15)equal annual installments with the interest on the unpaid installments not to exceed twelve percent(12%)per annum. Section 9. That on the 16th day of August, 2005, at the hour of 6:00 p.m. or as soon thereafter as the matter may be heard in the Council Chambers of the City Hall of the City of Fort Collins at 300 LaPorte Avenue in Fort Collins,Colorado,the Council will consider the ordering by ordinance of the proposed improvements and hear all complaints and objections that may be made and filed in writing concerning the proposed Improvements by the owners of any real estate to be assessed and any other interested persons. Passed and adopted at a regular meeting of the Council of the City of Fort Collins held this 19th day of July, A.D. 2005. Mayor ATTEST: City Clerk Exhibit "A" Resolution 2005-083 OWNER NAME & ADDRESS PS-TIMBERLINE LAKES,LLC 103 W MOUNTAIN AVE FORT COLLINS,CO 80524 LEGAL DESCRIPTION TR 3,CACHE LA POUDRE INDUSTRIAL PARK PUD,FTC;LESS 98051260;&POR VAC HOFFMAN MILL RD PER 98091889 OWNER NAME & ADDRESS PS-TIMBERLINE LAKES,LLC 103 W MOUNTAIN AVE FORT COLLINS,CO 80524 PROPERTY ADDRESS 1100 S COUNTY RD 11 FORT COLLINS,CO 80525 LEGAL DESCRIPTION LOT 1,CACHE LA POUDRE INDUSTRIAL PARK PUD,FTC;&POR VAC HOFFMAN MILL RD PER 98091889 OWNER NAME &ADDRESS USTL,LLLP(1/4)/DCW TL,LLC(1/4) MMM TL,LLC(1/6)/DPV TL,LLC(1/6) DNT TIMBERLINE LAKES,LLC(1/6) 760 WHALERS WAY,BUILDING A-200 FORT COLLINS,CO 80525-3373 LEGAL DESCRIPTION PART OF TR 1,CACHE LA POUDRE INDUSTRIAL PARK PUD,FTC;DESC AS COM AT SE COR TR 1,CACHE LA POUDRE INDUSTRIAL PRK PUD;TH S 89 13' 10"W 23.27 FT TPOB;TH S 89 13' 10"W 105.67 FT;S89 17' 27"W 455.27 FT;TH N 18 05' 15"W 420.88 FT;TH N 72 48' 31"E 348.27 FT;TH S 82 32' 19"E 363.15 FT TO PT 23.27 FT W OF E LN SD TR 1;TH S 00 09'21"W 448.79 FT TPOB (CONT 6.761 AC MIL) OWNER NAME & ADDRESS SHARP POINT PROPERTIES,LLC 4875 PEARL EAST CR 300 BOULDER,CO 80301 PROPERTY ADDRESS 2120 MIDPOINT DR FORT COLLINS,CO 80525 LEGAL DESCRIPTION LOT 6,SPRING CREEK CENTER PUD,FTC(2001019523) OWNER NAME &ADDRESS SHARP POINT PROPERTIES,LLC 4875 PEARL EAST CR 300 BOULDER,CO 80301 PROPERTY ADDRESS 1615 SPECHT POINT RD FORT COLLINS,CO 80525 - 1 - LEGAL DESCRIPTION LOT 7,SPRING CREEK CENTER PUD,FTC(2001019523) OWNER NAME & ADDRESS SHARP POINT PROPERTIES,LLC 4875 PEARL EAST CR 300 BOULDER,CO 80301 PROPERTY ADDRESS 1600 E PROSPECT RD FORT COLLINS,CO 80525 LEGAL DESCRIPTION LOT 5,PROSPECT PARK EAST,PUD,FTC OWNER NAME&ADDRESS ANDERSON,TODD J REGAN,ANTHONY P 305 W MAGNOLIA 204 FORT COLLINS,CO 80521 PROPERTY ADDRESS 2601 CANTON CT FORT COLLINS,CO 80525 LEGAL DESCRIPTION LOT 11,PROSPECT INDUSTRIAL PARK,FTC OWNER NAME &ADDRESS POSTLE DEVELOPMENT CO 6800 79TH ST STE 201 NIWOT,CO 80503 LEGAL DESCRIPTION OUTLOT A,SIDEHILL SUBDIVISION,FTC(20030144107) OWNER NAME& ADDRESS INTEGRATED EQUITIES,INC. (.25) TEMPLE,W J(.25) FLEMING,A W(.50) PO BOX 272549 FORT COLLINS,CO 80525 PROPERTY ADDRESS 1945 S TIMBERLINE RD FORT COLLINS,CO 80525 LEGAL DESCRIPTION TR IN NE 1/4 19-7-68,BEG AT PT ON W LN TIMBERLINE RD WH BEARS S 0 19' 30"W 1631.19 FT,S 88 38' 30"W 30 FT,S 0 19' 30"W 542.4 FT FROM NE COR,S 89 32'W 467.14 FT,S 0 37'E 100 FT,N 89 22'E 198.11 FT,S 0 39'E 258.35 FT,N 89 30' 30"E 263 FT,N 0 19' 30"E 357.69 FT TPOB CONT 2.6382 AC M/L(SPLIT FROM 8719100 003) -2 - OWNER NAME & ADDRESS FLEISCHLI ENTERPRISES 7824 SOUTH COLLEGE AVENUE FORT COLLINS,CO 80525 LEGAL DESCRIPTION PAR IN E 1/2 19-7-68 BEG AT PT WH BEARS S 0 19' 30"W 1631.19 FT,S 88 38' 30"W 30 FT,S 0 19' 30"W 1088.41 FT FROM NE COR,S 89 30' 30"W 1024.06 FT TO E LN OF UPRR,S 0 24' 2W W 300 FT,N 89 30, 30"E 1024.48 FT TO PT ON W LN OF TIMBERLINE RD,N 0 19' 30"E 300 FT TOPE CONT 7.06 AC M/L(SPLIT FROM 87190 00 001),FTC OWNER NAME &ADDRESS SC GROUP INVESTMENTS,LLC 6300 S SYRACUSE WAY STE 293 ENGLEWOOD,CO 80111 LEGAL DESCRIPTION E 1/2 19-7-68;LESS 35 AC MIL TO CITY OF FTC,32 AC UPRR, 10 AC C&S RR,4 AC DRY CREEK,TR IN NE 1/4 OF NE 1/4 19-7-68 LOCATED E OF C&S RR R/W&S OF SPRING CREEK DITCH,LESS 1162-257, 1401-354 &355, 1488-208, 1382-158, 1700-433, 1913-547,2050-178,88048248,FTC;LESS ROW PER 2001007023 (EX"A" PG I OF 4);AKA TR IN SE 19-7-68,BEG S 0 29'55"W 367.93 FT FROM E 1/4 COR,S 0 29' 55"W 2284.06 FT,S 89 53' 54"W 1056.8 FT,N 0 28'22"E 2276.85 FT,N 89 30' 30"E 1057.94 FT TPOB;LESS 20040071169;LESS RD ROW PER 20040071172 OWNER NAME & ADDRESS CITY OF FORT COLLINS POLICE FACILITY LEGAL DESCRIPTION A tract of land located in the Southeast Quarter of Section 19,Township 7 North,Range 68 West of the 6'Principal Meridian,City of Fort Collins,County of Latimer,State of Colorado and being more particularly described as follows: Considering the east line of the Southeast Quarter of Section 19,Township 7 North,Range 68 West,as bearing North 00*01'49"West and with all bearings contained herein relative thereto. Commencing at the Southeast corner of the aforementioned Section 19,thence along the East line of the Southeast Quarter of said Section 19,North 00*01'49"West 1301.57 feet,thence departing said section line South 89'58'11"West 30.00 feet,to a point on the east line of a 20 foot easement as described at Reception No. 89001023,Clerk and Recorders Office of Latimer County,Colorado,said line also being the west right of way line for Latimer County Road 11 (also known as Timberline Road),and being the POINT OF BEGINNING,thence along said west right of way line North 00'01'49"West 724.93 feet,thence South 89`58'11"West 52.40 feet to the beginning of curve concave to the northwest, having a radius of 15 feet,a central angle of 90°00'00"and a chord bearing South 44*58'11"West 21.21 feet,thence along the arc of said curve 23.56 feet,thence South 89*58'11"West 594.10 feet,thence South 00'01'49"East 709.93 feet,thence North 89'58'11"East 661.50 feet to the POINT OF BEGINNING. The above described parcel contains 10.800 acres,more or less,and is subject to all easements and rights of way now on record or existing. OWNER NAME & ADDRESS BUILDING A,LLC 141 S COLLEGE AVE SUITE 103 FORT COLLINS,CO 80524 LEGAL DESCRIPTION LOT 1,CENTERPOINT PLAZA,FTC(20030128022) 3 - OWNER NAME & ADDRESS GYPRO PROPERTIES,LLC 1400 E 615T ST DENVER,CO 80216 LEGAL DESCRIPTION LOT 2,CENTERPOINT PLAZA,FTC(20030128022) OWNER NAME & ADDRESS KERNAGHAN,JIM 6118 NORMANDY CT FORT COLLINS,CO 80525 PROPERTY ADDRESS 2025 SHARP POINT DR FORT COLLINS,CO 80525 LEGAL DESCRIPTION LOT 16,PROSPECT INDUSTRIAL PARK,FTC OWNER NAME &ADDRESS COWEN TRANSFER AND STORAGE CO PO BOX 7265 COLORADO SPRINGS,CO 80933-7265 LEGAL DESCRIPTION LOT 17,PROSPECT INDUSTRIAL PARK,FTC OWNER NAME & ADDRESS LYNCH,MARJORIE C,MARITAL TRUST 3705 CUMULUS VIEW COLORADO SPRINGS,CO 80904 LEGAL DESCRIPTION LOT 18,PROSPECT INDUSTRIAL PARK,FTC OWNER NAME&ADDRESS BGJR LARIMER,LLC(66) G B VENTURES LLP(34) 4875 PEARL EAST CIR BOULDER,CO 80301 LEGAL DESCRIPTION LOT 19,PROSPECT INDUSTRIAL PARK,FTC -4 - ORDINANCE NO. 084, 2005 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND - TIMBERLINE ROAD IMPROVEMENTS PROJECT AND APPROPRIATING PRIOR YEAR RESERVES IN THE STREET OVERSIZING FUND FOR TRANSFER TO THE CAPITAL PROJECTS FUND -TIMBERLINE ROAD IMPROVEMENTS PROJECT TO BE USED TO CONSTRUCT IMPROVEMENTS ON TIMBERLINE ROAD BETWEEN DRAKE AND PROSPECT ROADS WHEREAS,Timberline Road,from Drake Road to Prospect Road,is currently the highest deficiency segment in the City's street network, with the Timberline/Prospect intersection experiencing failing levels of service during both the morning and afternoon peak hours; and WHEREAS,the developers (the James Company and the St. Charles Investment Group)of two parcels,east and west of Timberline Road and north of Drake Road are not able to proceed with development of their respective parcels until improvements have been made at the Timberline/Prospect intersection,in accordance with Section 3.7.3(D)(1)(b)of the City's Land Use Code - Adequate Public Facilities ("APF"); and WHEREAS, the James Company and the St. Charles Investment Group have proposed the formation of an involuntary Special Improvement District("SEX)as a financing mechanism to fund improvements along Timberline Road from Drake Road to Prospect Road; and WHEREAS, on November 4,2003,City Council adopted Resolution 2003-122,Accepting a Property Owner Petition Regarding the Initiation of a Special Improvement District, Stating the Need For, the Nature Of, and the Location of the Improvements to Be Made,Describing the Areas to Be Assessed for the Same,and Directing the Director for Community Planning and Environmental Services to Prepare and Present to the City Council the Necessary Information for the Formation of Said District; and WHEREAS, accordingly, the process for the establishment of the Timberline and Prospect Special Improvement District No. 94 commenced for the purpose of constructing improvements at the intersection of Timberline Road and Prospect Road aimed towards increasing capacity and improve service levels at the intersection; and WHEREAS,the amount financed and needed to make the necessary APF improvements to the Timberline/Prospect intersection is estimated to cost $2.5 million dollars; and WHEREAS, no municipal or City-backed bonds will be issued as financing for the Timberline/Prospect intersection improvements but the improvements will instead by financed by the James Company and the St. Charles Investment Group using private placement bonds; and WHEREAS,the City will act as the collection agency for the SID assessments,and properties included within the SID will begin repayment of the proportionate share upon completion of construction of the improvements and the final account of the costs; and WHEREAS, in addition to the intersection improvements totaling $2.5 million associated with the aforementioned SID,staff proposes constructing other improvements on Timberline Road, from Drake Road to Prospect Road, which include widening the Spring Creek bridge; installing sewer and water infrastructure, new railroad crossing materials and signals, curbs and gutters, sidewalks, bike lanes, asphalt paving, landscaped and hardscaped medians, traffic signals at the Nancy Grey/Timberline and Prospect/Timberline intersections; widening Timberline to a major arterial standard; and the construction of the connector streets adjacent to the City's Police Services facility site; and WHEREAS,the estimated cost to construct the aforementioned improvements is$6,180,455, and funding sources have been identified as follows: City of Fort Collins Police Facility Capital Project Existing Appropriations $ 1,272,291 Sidehill Development Contribution 829,512 St. Charles Investment Group Contribution 354,014 Fleischli Enterprises Contribution 115,447 Integrated Equities Contribution 119,830 Street Oversizing Fund Prior Year Reserves (Including a$215,936 contribution from Prospect Industrial Park) 3,489,361 Total $ 6,180,455 WHEREAS, upon completion of the bid process, the improvements to the intersection of Timberline Road and Prospect Road are scheduled to begin in the Winter of 2005, with final completion scheduled for the Spring of 2006; and WHEREAS,the improvements to Timberline Road from Drake Road to Prospect Road are scheduled to begin in the Spring of 2006, with final completion scheduled for the end of the year; and WHEREAS, Article V, Section 9, of the Charter of the City of Fort Collins (the "Charter") permits the City Council to make supplemental appropriations by ordinance at any time during the fiscal year,provided that the total amount of such supplemental appropriations,in combination with all previous appropriations for that fiscal year does not exceed the current estimate of actual and anticipated revenues to be received during the fiscal year; and WHEREAS, City staff has determined that the appropriation of funds from unanticipated revenue as described herein will not cause the total amount appropriated in the Capital Projects Fund - Timberline Road Improvements project to exceed the current estimate of actual and anticipated revenues to be received during any fiscal year; and WHEREAS,Article X,Section 9,of the Charter also permits the City Council to appropriate by ordinance at any time during the fiscal year such funds for expenditure as may be available from reserves accumulated in prior years, notwithstanding that such reserves were not previously appropriated; and WHEREAS,Article X,Section 10,of the Charter authorizes the City Council to transfer by ordinance any unexpended and unencumbered amount or portion thereof from one fund or capital project to another fund or capital project,provided that the purpose for which the funds were initially appropriated no longer exists; and WHEREAS,it is the desire of the Council to appropriate the sum of$2,500,000,in the form of private placement bonds associated with Special Improvement District No. 94; and$1,418,803, representing contributions from developers adjacent to SID No. 94; and to appropriate$3,489,361 from prior year reserves in the City's Street Oversizing Fund for transfer to the Capital Projects Fund - Timberline Road Improvements capital project; and to authorize the transfer of existing appropriations, totaling $1,272,291, from the Capital Projects Fund - COPs Police Facility to the Capital Projects Fund - Timberline Road Improvements capital project to be used to construct improvements to Timberline Road, between Drake and Prospect Roads. NOW,THEREFORE,BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows: Section 1. That there is hereby appropriated for expenditure from unanticipated revenue in the form of private placement bonds associated with Special Improvement District No. 94,in the Capital Projects Fund-Timberline Road Improvements capital project,the sum of TWO MILLION FIVE HUNDRED THOUSAND DOLLARS ($2,500,000),to be used to construct improvements to the intersection of Timberline Road and Prospect Road. Section 2. That there is hereby appropriated for expenditure from unanticipated revenue in the form of developer contributions,in the Capital Projects Fund-Timberline Road Improvements capital project,the sum of ONE MILLION FOUR HUNDRED EIGHTEEN THOUSAND EIGHT HUNDRED THREE DOLLARS ($1,418,803),to be used to construct improvements to Timberline Road, between Drake and Prospect Roads. Section 3. That there is hereby appropriated from prior year reserves in the Street Oversizing Fund the sum of THREE MILLION FOUR HUNDRED EIGHTY-NINE THOUSAND THREE HUNDRED SIXTY ONE DOLLARS($3,489,361)for transfer to the Capital Projects Fund - Timberline Road Improvements capital project, and appropriated therein, to be used to construct improvements to Timberline Road, between Drake and Prospect Roads. Section 4. That the unexpended appropriated amount of ONE MILLION TWO SEVENTY-TWO THOUSAND TWO HUNDRED NINETY-ONE DOLLARS ($1,272,291) is hereby authorized for transfer from the Capital Projects Fund-COP's Police Facility capital project to the Capital Projects Fund-Timberline Road Improvements capital project to be used to construct improvements to Timberline Road, between Drake and Prospect Roads. Introduced and considered favorably on first reading and ordered published this 19th day of July, A.D. 2005, and to be presented for final passage on the 16th day of August, A.D. 2005. Mayor ATTEST: City Clerk Passed and adopted on final reading this 16th day of August, A.D. 2005 Mayor ATTEST: City Clerk RESOLUTION 2005-084 OF THE COUNCIL OF THE CITY OF FORT COLLINS AUTHORIZING AN EXEMPTION TO THE USE OF A COMPETITIVE PROCESS FOR ADDITIONAL PROFESSIONAL SERVICES IN CONNECTION WITH THE TIMBERLINE, DRAKE TO PROSPECT PROJECT WHEREAS, the City previously conducted a competitive request-for-proposals process through which Interwest Consulting Group(Interwest)was selected to complete various professional services related to the engineering design of the Timberline Road, Drake to Prospect Project (the "Project"); and WHEREAS, the City entered into a professional services agreement with Interwest for the completion of the engineering/design for the interim improvements of the Project on July 7, 2004, and work is proceeding satisfactorily pursuant to the agreement; and WHEREAS, the original scope of work to be completed by Interwest did not include the completion of the full and complete engineering design(the "Additional Work"); and WHEREAS, the City has determined since contracting with Interwest that engineering design of the interim project is the preferred alternative in advance of the Building on Basics proposed sales tax renewal; and WHEREAS,the Purchasing Agent has determined that the use of Interwest to complete the Additional Work through a change order to the existing contract for services would be an efficient and cost-effective means of accomplishing the same and has submitted the requisite justification to the City Manager for approval; and WHEREAS, the City Manager has reviewed and approved the determination of the Purchasing Agent; and WHEREAS,the cost associated with the Additional Work totals $210,910,which has been appropriated in Ordinance No. 054, 2005; and WHEREAS, Article IV, Section 8-161(d)(1)j of the Code of the City of Fort Collins authorizes the Purchasing Agent to contract for services without competition if the services are to be provided through a change order to an existing professional services contract; and WHEREAS, Section 8-161(d)(3) requires approval by City Council of exceptions to the competitive purchasing process for items costing more than One Hundred Thousand Dollars ($100,0000) prior to acquisition. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS that the Purchasing Agent is hereby authorized to execute an addendum to the City's existing contract with Interwest to add the Additional Work to the scope of services to be completed thereunder, at an additional contract price of $210,910, in accordance with the adoption of Ordinance No. 054, 2005, appropriating the necessary funds therefor. Passed and adopted at a regular meeting of the City Council held this 19th day of July,A.D. 2005. Mayor ATTEST: City Clerk