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HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 01/02/2001 - ITEMS RELATING TO AN INTERGOVERNMENTAL AGREEMENT W AGENDA ITEM SUMMARY ITEM NUMBER: 21 A-B FORT COLLINS CITY COUNCIL DATE: January 2, 2001 STAFF: Tom Shoemaker SUBJECT: Items Relating to an Intergovernmental Agreement with Latimer County Regarding the Fossil Creek Area Regional Open Space Properties. RECOMMENDATION: Staff recommends adoption of the Ordinances on First Reading. FINANCIAL IMPACT: These actions will provide for the payment of $2,276,950 to the City of Fort Collins by Larimer County. EXECUTIVE SUMMARY: A. First Reading of Ordinance No. 3, 2001, Authorizing an Intergovernmental Agreement with Larimer County Regarding Fossil Creek Reservoir Area Regional Open Space Properties, and Authorizing the Conveyance of an Interest in Certain of Those Properties to Larimer County. B. First Reading of Ordinance No. 4, 2001, Appropriating Unanticipated Revenue in the Open Lands Fund for Partial Reimbursement Toward the Purchase Price of Fossil Creek Area Parcels E, F, and G. The City of Fort Collins has been working with Larimer County since 1994 to preserve significant areas of open land between Fort Collins and Loveland and specifically to preserve the area around Fossil Creek Reservoir. The Fossil Creek Reservoir Area Plan completed in 1998 defined a resource management area surrounding the reservoir that is to be protected through a combination of land purchases, implementation of a transferable development rights program and other measures. The current status on the purchase of the seven parcels shown on the attached map is as follows: Larimer County has already acquired Parcels A and B, anticipates DATE: January 2, 2001 2 ITEM NUMBER: 21 A-13 acquiring Parcel C by dedication through the County's transferable development rights program, and anticipates purchasing Parcel D. The City has signed contracts for the purchase of Parcels E, F and G. Staff from both entities developed the IGA to address the purchase, ownership and management of all seven of the parcels within the Fossil Creek Area Regional Open Space. The intergovernmental agreement provides for the transfer of ownership between the entities such that both entities will have a 50% undivided interest in all of the parcels. Larimer County will pay $2,276,950 to the City of Fort Collins to balance the cost between the two entities. The attached spreadsheet shows the cost of each parcel, and how they are each being split. Larimer County agrees to restore the native vegetation, provide public improvements, manage and operate the properties in accordance with the approved "Fossil Creek Reservoir Resource Management Plan". The City of Fort Collins will be responsible for constructing and maintaining a paved regional trail along the north side of County Road 32. Attachments: 1. Map of Fossil Creek Reservoir Open Land Status 2. Fossil Creek Reservoir Area Regional Open Space Land Acquisitions 3. Intergovernmental Agreement ORDINANCE NO. 3, 2001 OF THE COUNCIL OF THE CITY OF FORT COLLINS AUTHORIZING AN INTERGOVERNMENTAL AGREEMENT WITH LARIMER COUNTY REGARDING FOSSIL CREEK RESERVOIR AREA REGIONAL OPEN SPACE PROPERTIES, AND AUTHORIZING THE CONVEYANCE OF AN INTEREST IN CERTAIN OF THOSE PROPERTIES TO LARIMER COUNTY WHEREAS,the City and Larimer County,together with the City of Loveland,have worked cooperatively to prepare and adopt"A Plan for the Region Between Fort Collins and Loveland" to protect and promote the quality of life,the natural environment and the character of each community; and WHEREAS, the City and Larimer County have also worked cooperatively to prepare and adopt the"Fossil Creek Reservoir Area Plan"to direct future urban development towards municipal boundaries, while balancing preservation of open lands and critical natural areas around the Fossil Creek Reservoir and areas between Loveland and Fort Collins; and WHEREAS,the"Fossil Creek Reservoir Area Plan" identifies certain critical lands around the Fossil Creek Reservoir as a"Resource Management Area"wherein lands are to be protected from development through various means such as fee acquisition,conservation easements,and regulatory measures; and WHEREAS, the "Fossil Creek Reservoir Area Plan" identifies lands within the Resource Management Area to be acquired by the City and Larimer County for the development of a "Regional Open Space"; and WHEREAS, the parties have worked cooperatively to prepare and adopt the "Fossil Creek Reservoir Resource Management Plan" to guide the management of lands within the Resource Management Area and the Regional Park Preserve; and WHEREAS,Larimer County has imposed a sales and use tax ("Help Preserve Open Spaces Sales Tax") for the purchase and maintenance of open space, natural areas, parks and trails and a portion of the funds generated by said sales tax are distributed to municipalities located within Larimer County; and WHEREAS,-the City receives a share of the County Revenues for the purchase and maintenance of open space, natural areas, parks and trails for the benefit of the Fort Collins community; and WHEREAS, the City has imposed a dedicated 0.25% sales and use tax known as Building Community Choices,portions of which are intended and available for the purchase and maintenance of open space, natural areas, and trails; and WHEREAS,Larimer County has previously acquired,through purchase of fee interests,two real properties in the Fossil Creek Reservoir Resource Management Area(referred to as "Tract A" and "Tract B" respectively); and WHEREAS,Larimer County anticipates acquiring,through dedication of fee interests from the developer of the Westchase P.U.D. through the County's Transferable Development Units program,certain additional real properties in the Fossil Creek Reservoir Resource Management Area (collectively referred to as "Tract C");and WHEREAS,Larimer County anticipates acquiring through purchase of fee interests,certain other additional real properties in the Fossil Creek Reservoir Resource Management Area (collectively referred to as "Tract D"); and WHEREAS, the City anticipates acquiring through purchase of fee interests, the real properties in the Fossil Creek Reservoir Resource Management Area that are described in Exhibits A, B, and C, respectively, each attached hereto and incorporated herein by reference ("Tract E", "Tract F", and "Tract G" respectively,collectively referred to as "the City Properties"); and WHEREAS, Tracts A, B, C, D, E, F, and G (collectively referred to herein as the "Properties") are important parcels within the Fossil Creek Reservoir Resource Management Area and Regional Park Preserve; and WHEREAS,the City and Latimer County desire to cooperate and contract with one another concerning the sharing of costs and responsibilities for the acquisition,ownership,improvement,and management of the Properties; WHEREAS,the City and Larimer County have negotiated an Intergovernmental Agreement Concerning the Fossil Creek Reservoir Area Properties,which was approved by the Larimer County Board of County Commissioners on Tuesday, December 12, 2000 and has been executed by the County, and a copy of which is on file in the Office of the City Clerk and available for public inspection (the "IGA"); and WHEREAS,the IGA provides for the ownership of all of the Properties to be shared equally by the City and Latimer County as tenants in common, with conveyances to take place upon the acquisition of the various properties; and WHEREAS,staff has determined that the funds and interests in property to be exchanged by the City with Latimer County are fair and equitable,and will result in an overall benefit to the City; and WHEREAS,the IGA further provides for the management of all the Properties by Larimer County, consistent with the Fossil Creek Reservoir Resource Management Plan, as the same may be from time to time modified and supplemented, unless all of the Properties are annexed into the City, at which time the City will assume management responsibility for the Properties; and WHEREAS,Article II,Section 16 of the City Charter and Section 29-1-203,C.R.S.,provide that the Council may enter into agreements with other governmental bodies for the performance of cooperative or joint activities; and WHEREAS, under Section 23-111 of the Code of the City of Fort Collins, the Council is authorized to sell or otherwise dispose of any and all interests in real property owned in the name of the City, provided that Council first finds by ordinance that the sale or disposition is in the best interests of the City. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows: Section 1. That grant of the conveyance of a fifty percent(50%)undivided interest in Tract E,Tract F,and Tract G to Larimer County,pursuant to the terms of the IGA and in exchange for the payments and property interests to be granted to the City as provided therein, is in the best interests of the City of Fort Collins. Section 2. That, contingent upon the final execution of the IGA, the Mayor is hereby authorized to execute a quit claim deed conveying to Larimer County a fifty(50%)percent undivided interest in each of Tract E, Tract F, and Tract G, in accordance with the terms of the IGA and this Ordinance. Section 3. That the Mayor is hereby authorized to execute the IGA,together with such other terms and conditions, or subsequent minor modifications or amendments,as the City Manager, in consultation with the City Attorney, determines to be necessary and appropriate to protect the interests of the City and effectuate the purposes set forth herein, with the understanding that future amendments to the IGA not otherwise provided for herein may be approved by the Council by resolution. Introduced, considered favorably on first reading, and ordered published this 2nd day of January, A.D. 2001, and to be presented for final passage on the 16th day of January, A.D. 2001. Mayor ATTEST: City Clerk • Passed and adopted on final reading this 16th day of January, A.D. 2001. Mayor ATTEST: City Clerk AP -ION 19, COLORADO EXHIBIT A LEGAL DESCRIPTION OF TRACT E PROPERTY DESCRIPTION: That portion of the Northeast Quarter of Section 19, township 6 North. Range 68 West of the 6 P.M., County of Larimer, State of Colorado being more particularly described as follows: Considering the East line of the Northeast Quarter of said Section 19 and bearing South 00°00'00" East and with all bearings contained herein relative thereto: Beginning at the Northeast corner of said Section 19; thence alone the East line of the Northeast Quarter of said Section 19 South 00000'00" East 872.39 feet: thence departing said East line North 90°00'00" West 30.00 feet, more or less, to a point on the Westerly right of way line of Larimer County Road No. 11 and the TRUE POINT OF BEGINNING; said point also being on the Northeasterly right of way line of the Union Pacific Railroad right of way; thence departing said Easterly right of way line and along said Northeasterly right of way line of the Union Pacific Railroad right of way North 36'39'59" West 1035.16 feet, more or less, to a point on the Southerly right of way line of Larimer County Road No. 32; thence departing said Northeasterly right of way line of the Union Pacific Railroad right of way and along said Southerly right of way line of Larimer County Road No. 32 North 88°56'03" East 618.26 feet, more or less, to a point on the Westerly right of way line of Larimer County Road No. 11: thence departing said Southerly right of way line of Larimer County Road No. 32 and along said Westerly right of way line of Larimer County Road No. 11 South 00°00'00" East 841.83 feet, more or less to the TRUE POINT OF BEGINNING. The above described parcel contains 5.97 Acres, more or less, and is subject to all existing easements and/or rights of way of record. EXHIBIT B LEGAL DESCRIPTION OF TRACT F A tract of land located in Latimer County, Colorado legally described as all of Section 16,Township 6 North, Range 68 West of the 6 h Principal Meridian, less 46.70 acres out of the northwest quarter as conveyed by Patent Numbers 1879 and 3467,containing in all 593.30 acres, more or less. EXHIBIT C LEGAL DESCRIPTION OF TRACT G • A parcel ol'laod bciog part ol'1he Suulh.l lalf(S 1/2)ul'ticdiun Scv,vowco(17),and pall of Sccliun Twenly(20),all in'ruwoship Six Ninth('r.6N.), Range Simy-cighl Wert (K.6NW.)of the Sixth I'riocipal Meridian(6111 I'.M.).Cuuuty ul'I.:oiolcr,Stale ul'l'olor:ulu aunt hciot;mule particularly described as Follows: I)F.GINNING al the Northwest Corner ol'said Section 2(I and assumiog file Nurlh Iiue ul lbc Nurllsvesf Quarler(NW 1/4)unsaid secliuu 20 as bcsiog Nurlh 89"28'I I" F;im,behig a livid Ilcarisg ol'Ihc Colorado Slate Mails;Courdinde Sys[cnl, Norl11 Assoc, North Anlcl tc:m I)alma 1983/92,a dislaucc ur2677.371'ccl wilh:dl sillier flenings cunlaiucd herein rchillvc Ihcrc[u: II IGNCG Noilll 39"23'41"toast along said North line a dislaoce ul'30.00 lict to the Norlswest Corner ur(hat parcel ul'lasd as described tvilhin Thal Deed l)f I)alic;lliun a::recorded t)duller 17, 1990 as Itcceplion Number 9004M.165 ul'Ihc records ullhc Larimcr County Clelk and Recorded(LCCR); . 'Illcnce alung file West,South,:md I;as( lose ollhc aloresaid parcel 01'hmd by the killulviug 'three(3)courses and distances: 'I'1Il:NCl:South 00003'07" Wcst a dislaoce of"'10.00 feet; '!']IGNCG North 8'P28A I" East a dislnwe ol'870.401'ed; '11IGNCG North UU"J 1'19" Well a distance of-10.00 licl it,the Nurih Iiue ol'%aid NWILI; '1'1IGNCE North 39°28A I" G:Is[ :dung said North line a dislmlce of 1276.18 lice. Said puinf being the Southwest Confer ortitat parcel u1'land as described ill Ihal document as recrrdcd May 29, I720 is [look 405 on Page 396 ul'the records ol'the L:simcr Comity Clcrk and Rccmdcr (I.CCit). 'thence along file Nultherly line ol,Ilie aloicsaid parcel ul'land by Ills lulluwing hour(d)courses allot!distallms: 11 IGNCG North 10"12'42" Gast a dishulce o1*920.40 lid; TIIGNCIi North 51°41'42"last a dia(:u)cc ul'.107.80 Iccl; . 11IGNCG South 72"41'l3 toast a dislance ol'670.80 lie(; 'I'I IIiNCIi Suulh 19"43'IIf" lust a 6ixlaoce 994.10 reel to file South line sir the SuudmaM Quallcr (SGI/4)ol'::aid Section 17.and ireiug file Suulllcasl Corner ul'Ille aliscraid parcel ol'l:nld. Flool said point[lie Northeast Curucr ol'said Sccliun 2O beats North 89"28',I 1" Eusl a dislailce of 1699.00 kcl; t TI IGNCG North 39"28'd l" Gast:dung said South line a distance of 91.7.1 feel; THENCE South I4°IS''IG' West a disLnlcc ol'859.00 feet; 'I'I IGNCE Soufll 71"53'46" West a dislance ul 42'7.00 feel; '1'411'.NCE Nor[b 79°32'Id" Weil a dislancc od'370.00 lire; II IENCG Souls 00°0214" last a distance of 15O2mo list; I'I IGNCIi Solids 36"l T14" Gast a dill:mce ul'329.47 [cc( to(lie Sowl line ul'the Nur0lc:ea Quarter(14I;1/4)orsaid Section 20; '1'I fGNCI: North 89"33'57" Gast:dung said Suulh Zinc a dislancc of 49.67 feel it, [lie Nurllic;w Comer ol'Ihe Wcst T%vcnly(20)Hosts of the Smalicaxt Qoaiter(Slit/,I)ol'said Sccliun 20; THENCE South OU"02'14" Gast along[lie Gnat line ol'said Wcsi 20 Rods a dislaucc ,1'2(,59..1(, Iccl to the Sutllh line ul'said SHIM; II IGNCl.:Suulh 89"39*07" West:dung said South line a di:aancc u1730.01 Iced it, the South Quarer Corner unsaid Secfisn 20; '!HENCE North 00"02'14" West:dung Ise Wes( line ol'said Slit/4 a disl:nlec uF2658.87 feet it) (lie Ccnler Quarter Comer ul'said Sccliun 20: 'I'11GNCE North O0002'14" West clung[he West line ol'[lic NI:IM unsaid Sccliun 20 a di::(:ulcc ol'600.00 feet; '1'I IGNCI.i South 39"57'40" West it dislasce ul'24.75 Icct; '11 JENCG North 00"U214" Wcsl a distance o1'729.01 Ibcl to the Sutuh line orlhc Nonni I lall'ul file Northwest Quarter(NI/2 NW 1/4)ol'said Sccliun 20; '1'I f1iNCG Souls 8'9"31'19" West:dung said South Iiue a diswoce ul'2312.19 lid It,[he is,0le Southeast Corner o1*111al pared od'Imuf as described within Ihal Warmuly UceJ a::recorded Udubcr 6, 1989 as Receplion Number 89046101 of lsc rccurds ul dlc LCC'R. Said puiul hcior a poiol os a curve, [lie:duresaid Iiue being son-langad lu said curve; Page I u1'2 .. Pruperly Descriplion(cunliuucd) 'hull fared '11IGNU slung Ilhc Northeast litre ul'Ihe aRisesaid parcel vl'Imid and hving almig IIic Arc ul-;r curve which is concave to the Soulhwesl 531.02 feel,whnsc Radius is 3,128.80 lid,whose Ochs is 08"52'25",and whose Lung Churl bears Norllt 32"04'54" West a dist:utcc ul'5JU.'I9 feel Iv Ills Bast line orllral parcel t lland as described wilhi❑Ihal Deed 01'Dedicaliuu as rccurdcd March 17, 1994 as Reception Number 9-1021653 urlhe rectrrds ul'the I.MR; - '111enec clung the Cast,Nurtlh,and Wes(lines urlhe tdir'esaid parcel ul'l:urd by the lidlmviul; Thrue(7)cuumus:wd disl:uhcm 'I'l ll:NCI: North Ut1"03'07" Bast Amiga line tiun-langcm (ti the afmcsaid curve a dimalicc trl 615!9I feet; '11Il;NCI:North 89"56'53" West a dill:utce u170.00 I''ed; THENCE Suullr 00"03'07" West a disl:uhcu u1'676.4 I I'ed lu the Nmihcamcrly Iiuc ul'Ihal a:: dcscrilnd within that W:rrranly Dced as rccurdcd February 2.5, 1910 in Iluuk 276 tin Page 3:41 ul' the records trrlhe I.CCR. Said Irvin( being a puild till a Curve,the:di itv::aid Iiuc being uuu- laogenitoo said curve; 'I'I ICNCC aluug the Arc ol'a curve which is collc ve It,the Suulhwest a dislaoicc ul'50.46 Iccl, whnsc Radius is 3368.80 reel,whnsc Della is 00"51'30",and WlursC Lung Chord bears Nurlh 36"25'3 1" West it disl:mce ur5UA6 Icct It)(lie West line W'said N 1/2 N\V IM; 'I'IILNCC North 00"03'U7" Liasl alutig said West line,:md being n litre nun-l;uq;cm br the albresaid curve a disl:mce 0'894.70 licl it,(hc POINT OF INSGINNING. EXCEPMG Ilrcrcleunt[lie lidluwitig described pared ul'land: 'llrc Nurth'I'cti feel(I(')W'dle Small purly IcCI(110')ul'Ihc:dirresaid paved urland. Said described parcel Orland bcitrg Thal part ul'said SVIM;is described within(hill heed UI' Dedication as recorded July 2, 1996 as Recepliun Number 960.17778 ul'thc records ul'Ihc l.arimer Cuuuly Clerk and Recorder(LCCR). Said described pared ul-land cmilains 151.305 Acres,moire ur Ics::(I.)and is subject it,any riglhts-ol=wary ur ocher easemens as grained ur reserved by insdrnuctils ulrennd yr a::nmv csislirg on said descrillctl parcel u('I:urd. SURVEYOR'S CERTIFICATE 1,Charles IJ.Juncs,a Colorado Regislercd I'rul'essiunal I.a nl Surveyor du licreby Slade Ihal Ibis Properly Descripliuu was prepared under illy persumll supervision and checking,and that it is true and currec((to(lie bcsl ol'my knowledge,inlirrmatiun,bulid"and in lily pml'asiuual opinion. `INnU Charles ll.Jv°cs :x22�90 onon 4t. Culuradu Registered rViissional ll*'"J�y••.......•..e)1F __.—mil(/ ..�_—.—....._.... 1-mid Son veyur #22U98 ON LA - �_.. KING SURVISYOKS,INC. 9299 E;mlman Park Drive Windsur,Culurado $0550 (970)686.5UII 1'rojed Nunhbcr:2000256 (Scplember 5,2000) (pile:tidal-a.lsl) • ORDINANCE NO. 4, 2001 OF THE COUNCIL OF THE C]TY OF FORT COLLINS APPROPRIATING UNANTICIPATED REVENUE IN THE OPEN LANDS FUND FOR PARTIAL REIMBURSEMENT TOWARD THE PURCHASE PRICE OF FOSSIL CREEK AREA PARCELS E, F AND G WHEREAS, the City of Fort Collins has been working with Larimer County since 1994 to preserve significant areas of open land between Fort Collins and Loveland and specifically to preserve the area around Fossil Creek; and WHEREAS, the Fossil Creek Reservoir Area Plan completed in 1998 defined a resource management area surrounding the reservoir that is to be protected through a combination of land purchases, implementation of a transferable development rights program and other measures; and WHEREAS, the aforementioned plan includes the acquisition of seven parcels (Parcels A-G) along the south side of Fossil Creek Reservoir; and WHEREAS, the County has acquired Parcels A and B, at a cost of $1,171,100, and anticipates acquiring Parcel C by dedication through the County's transferable development rights program, and purchasing Parcel D; and WHEREAS, the City has signed contracts for the purchase of Parcels E, F and G, at a cost of$6,125,000; and WHEREAS, the total cost of Parcels A, B, E, F and G is $7,296,100; and WHEREAS, plans are currently under way involving the City and County for the purchase of Parcels C, D, and G; and WHEREAS, the City Council is concurrently considering Ordinance No. 3, 2001, which when adopted on second reading on January 16, 2001, will authorize the City to enter into an intergovernmental agreement with Larimer County regarding the Fossil Creek Area Open Space Properties and will provide for the transfer of ownership between the City and Larimer County such that both entities will have a 50% undivided interest in all seven parcels (A-G); and WHEREAS, Larimer County will pay the City of Fort Collins $2,276,950, representing the amount needed to properly reflect their 50% interest in Parcels A, B, E, F and G; and WHEREAS, the receipt of funds from the County will be appropriated in the City's Open Lands Fund where said appropriations will be available for the acquisition and development of open space, trails, and natural areas as identified in the Natural Areas Policy Plan and City Plan; and WHEREAS, Article V, Section 9, of the Charter of the City of Fort Collins 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 then current estimate of actual and anticipated revenues to be received during the fiscal year. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS that there is hereby appropriated for expenditure from unanticipated revenue in the Open Lands Fund, the sum of TWO MILLION TWO HUNDRED SEVENTY-SIX THOUSAND NINE HUNDRED FIFTY DOLLARS ($2,276,950), upon receipt from Larimer County to be used for the acquisition and development of open space, trails, and natural areas. Introduced and considered favorably on first reading and ordered published this 2nd day of January, A.D. 2001, and to be presented for final passage on the 16th day of January, A.D. 2001. Mayor ATTEST: City Clerk Passed and adopted on final reading this 16th day of January, A.D. 200E Mayor ATTEST: City Clerk ATTACHMENT Fossil Creek Regional Open Space Land Status o i 00 • x • tae•d Eeke • • •• •• • 10 ••• } •• •••• FOSS¢CREEK • ••• RESERVOIR • • Did! Lake S CR 32 -- Fos•i1 Lslie - I- 'C g` Diddmon: Nelson win TDU CE rrroeir 1*00 •u•• Loveland ement Area dary CR 30 • s Lovel®d Land Protection Status Other Features N Under Negotiation N Lend Protection Vision Westchase PUD Open Space •♦Roads Ctmsetvation Easemmt • GrowthManagement mt Boundaries W E N.Poudre I ' tion District O Lakes Reservoirs Protected Public Land 0 Parcels O City limits S 0 0.5 Miles ATTACHMENT FOSSIL CREEK RESERVOIR AREA _ REGIONAL OPEN SPACE LAND ACQUISITIONS TABLE 1: EXISTING PURCHASES AND CONTRACTS. PROPERTY ACREAGE LARIMER COUNTY FORT COLLINS TOTAL Tract A—Williams 12 136,000 136,000 Tract B—Riddell 54 1,035,100 1,035,100 Tract C—Westchase 6 0 0 Tract D—Si mund 10 400,000 400,000 Tract E—Storrs 7 100,000 100,000 Tract F--State Land Board 593 4,025,000 4,025,000 Tract G--Duck Lake 151 2,000,000 2,000,000 Total 833 1,571,100 6,125,000 7,696,100 TABLE 2: PROPOSED COST SHARING. PROPERTY ACREAGE LARIMER COUNTY FORT COLLINS TOTAL Tract A—Williams 12 136,000 0 136,000 Tract B—Riddell 54 1,035,100 0 1,035,100 Tract C—Westchase 6 0 0 0 Tract D—Sigmund' 10 200,000 200,000 400,000 Tract E—Storrs 7 50,000 50,000 100,0" Tract F--State Land Board 593 1,426,950 2,598,050 4,025,0 Tract G--Duck Lake 151 800,000 1,200,000 2,000,000 Total 833 3,648,050 4,048,050 7,696,100 TABLE 3: PROPOSED OWNERSHIP. PROPERTY ACREAGE LARIMER COUNTY FORT COLLINS TOTAL Tract A—Williams 12 50% 50% 100% Tract B—Riddell 54 50% 50% 100% Tract C—Westchase 6 50% 50% 100% Tract D—Si mund 10 50% 50% 100% Tract E—Storrs 7 50% 50% 100% Tract F--State Land Board 3 593 50% 50% 100% Tract G--Duck Lakej 151 50% 50% 100% Total 833 50% 50% 100% 'Tracts A and B have already been acquired by Larimer County. 2Larimer County anticipates acquiring Tract C through the Transferable Development Rights Program and Tract D through fee acquisition. 'The City of Fort Collins has firm purchase contracts to acquire Tracts E,F,and G. ATTACHMENT 3 INTERGOVERNMENTAL AGREEMENT CONCERNING THE FOSSIL CREEK RESERVOIR AREA PROPERTIES This Agreement is made this day of January, 2001, by and between the CITY OF FORT COLLINS, COLORADO and LARIMER COUNTY, COLORADO. WHEREAS, part of 2 of Article 1 of Title 29, C.R.S. authorizes governments to cooperate and contract with one another to provide any function, service or facility lawfully authorized to each, including the sharing of costs; and WHEREAS, the parties, together with the City of Loveland, have worked cooperatively to prepare and adopt "A Plan for the Region Between Fort Collins and Loveland" to protect and promote the quality of life, the natural environment and the character of each community; and WHEREAS, the parties have worked cooperatively to prepare and adopt the "Fossil Creek Reservoir Area Plan" to direct future urban development towards municipal boundaries, while balancing preservation of open lands and critical natural areas around the Fossil Creek Reservoir and areas between Loveland and Fort Collins; and WHEREAS, the "Fossil Creek Reservoir Area Plan" identifies certain critical lands around the Fossil Creek Reservoir as a"Resource Management Area"wherein lands are to be protected from development through various means such as fee acquisition,conservation easements, and regulatory . measures; and WHEREAS, the "Fossil Creek Reservoir Area Plan" identifies lands within the Resource Management Area to be acquired by the City of Fort Collins and Larimer County for the development of a "Regional Open Space"; and WHEREAS, the parties have worked cooperatively to prepare and adopt the "Fossil Creek Reservoir Resource Management Plan" to guide the management of lands within the Resource Management Area and the Regional Park Preserve; and WHEREAS, Larimer County has imposed a sales and use tax ("Help Preserve Open Spaces Sales Tax") for the purchase and maintenance of open space, natural areas, parks and trails and a portion of the funds generated by said sales tax are distributed to municipalities located within Larimer County; and WHEREAS, the City of Fort Collins receives a share of the County Revenues for the purchase and maintenance of open space, natural areas, parks and trails for the benefit of the Fort Collins community; and 1 WHEREAS,the City of Fort Collins has imposed a dedicated 0.25% sales and use tax known as Building Community Choices, portions of which are intended and available for the purchase and maintenance of open space, natural areas, and trails; and WHEREAS, Larimer County has acquired, through purchase of fee interests, the real properties described in Exhibit A and Exhibit B,respectively,each attached hereto and incorporated herein by reference ("Tract A" and "Tract B" respectively); and WHEREAS, Larimer County anticipates acquiring, through dedication of fee interests from the developer of the Westchase P.U.D. through the County's Transferable Development Units program, the real properties described in Exhibit C attached hereto and incorporated herein by reference ("Tract C"); and WHEREAS,Larimer County anticipates acquiring through purchase of fee interests,the real Properties described in Exhibit D, attached hereto and incorporated herein by reference ("Tract D"); and WHEREAS, the City of Fort Collins anticipates acquiring through purchase of fee interests, the real properties described in Exhibit E, F, and G, respectively, each attached hereto and incorporated herein by reference ("Tract E", "Tract F", and"Tract G" respectively); and WHEREAS, Tracts A, B, C, D, E, F, and G (collectively referred to herein as the r "Properties") are important parcels within the Fossil Creek Reservoir Resource Management Area and Regional Park Preserve; and WHEREAS, the parties desire to cooperate and contract with one another concerning the sharing of costs and responsibilities for the acquisition, ownership, improvement, and management of the Properties; NOW,THEREFORE, in consideration of the mutual promises contained herein, the parties agree as follows: A. Acquisition of the Properties 1. The actual or estimated cost of acquiring the Properties not including closing costs, other direct costs of acquisition, such as title insurance, survey of each Property, or appraisal fees, and adjustments at closing (which closing and related costs shall be home by the party initially acquiring each respective tract) are as follows: (a) One Hundred Thirty-six Thousand Dollars ($136,000.00) for Tract A; (b) One Million Thirty-five Thousand One Hundred Dollars ($1,035,100.00) for Tract B; 2 . (c) Ten Dollars ($10.00) for Tract C; (d) Four Hundred Thousand Dollars ($400,000.00) for Tract D; (e) One Hundred Thousand Dollars ($100,000.00) for Tract E; (f) Four Million Twenty-five Thousand Dollars ($4,025,000.00) for Tract F; and (g) Two Million Dollars ($2,000,000.00) for Tract G. 2. Latimer County has acquired title to Tract A and Tract B in its name 3. Upon execution of this Agreement by all parties, Larimer County agrees to take all steps reasonably necessary in a diligent effort to acquire Tract C and Tract D. 4. Upon execution of this Agreement by all parties, the City of Fort Collins agrees to take all steps reasonably necessary in a diligent effort to acquire Tract E, Tract F and Tract G. B. Shared Ownership of Property 1. Promptly upon completion of the acquisition of each of the Properties, the party owning each such property shall arrange for title insurance to be provided for each such property, for the benefit of the other party, consistent with the ownership interest to be conveyed as set forth herein. 2. Upon the acquisition of Tract E and Tract F by the City and the issuance of a title commitment described in paragraph B.l for each of Tracts A, B, E and F, the parties shall schedule a closing at a mutually agreed date, time and location, at which the following transactions shall occur: i. The County shall pay to the City the amount of One Million Four Hundred Seventy Six Thousand Nine Hundred and Fifty Dollars ($1,476,950); ii. The County shall quitclaim an undivided 50 percent (50%) interest in Tract A and Tract B to the City. iii. The City shall quitclaim an undivided 50 percent (50%) interest in Tract E and Tract F to the County. iv. The County shall submit all such deeds, upon acceptance, to the County Clerk and Recorder for recording the real property records of the County, and shall provide a copy of all recorded deeds to the City upon completion of recording. 3 3. Upon the acquisition of Tract C by the County and the issuance of a title commitment as described in paragraph B.1 for Tract C, the County shall quitclaim an undivided 50 percent(50%) interest in Tract C to the City, which deed the County shall, after acceptance by the City, submit to the County Clerk and Recorder for recording the real property records of the County. The County shall provide a copy of the recorded deed for Tract C to the City upon completion of recording. 4. Upon the acquisition of Tract D by the County and the issuance of a title commitment as described in paragraph B.1 for Tract D,the City shall pay to the County fifty percent (50%) of the actual purchase price paid by the County for Tract D,up to a maximum City share of Two Hundred Thousand Dollars ($200,000)and the County shall quitclaim an undivided 50 percent(50%) interest in Tract D to the City, which deed the County shall, after acceptance by the City, submit to the County Clerk and Recorder for recording the real property records of the County. The County shall provide a copy of the recorded deed for Tract D to the City upon completion of recording. 5. Upon the acquisition of Tract G by the City and the issuance of a title commitment as described in paragraph B.1 for Tract G, the County shall pay to the City the sum of Eight Hundred Thousand Dollars ($800,000) and the City shall quitclaim an undivided 50 percent (50%) interest in Tract G to the County, which deed the County shall, after acceptance by the County, submit to the County Clerk and Recorder for recording the real property records of the County. The County shall provide a copy of the recorded deed for Tract G to the City upon completion of recording. 6. Until such time as the above-referenced closing and conveyance of the property interests above shall occur, each party shall own, manage each of the Properties it owns, and at all times operate with respect to each of the Properties it owns, in a manner so as to respect and protect the equitable interest in such Properties created by this Agreement and consistent with the Management Plan, as defined below. The owner of each of the Properties shall provide written notice to the other party of any significant events or decisions known to the owner and reasonably expected to affect one or more of the Properties. 7. In accordance with this Agreement, and as a result of the above conveyances, the parties shall hold title to each of the Properties as follows: — (a) The City of Fort Collins: an undivided 50.00% interest; and (b) Larimer County: an undivided 50.00% interest. 8. In the event all or any portion of the Properties is sold, exchanged, transferred or otherwise disposed of, the net proceeds from such disposition shall be divided between the parties in the same proportion as their ownership interest. In the event that all or any portion of the Properties is taken by eminent domain,the costs and proceeds of such condemnation shall be shared proportionally by the parties consistent with their ownership interest in the Properties. 4 9. Because the Properties were, or will be, acquired in whole or in part with sales tax revenues generated by the Larimer County "Help Preserve Open Spaces Initiative," any sale, exchange, transfer or disposition of all or any portion of the Properties shall be subject to all the provisions of Board of County Commissioners Resolution No. R95-123g(Exhibit H) and the "Help Preserve Open Spaces Initiative" (Exhibit 1), specifically including numbered paragraphs 20 and 21 of the Initiative. 10. Because the Properties were, or will be, acquired in whole or in part with sales tax revenues generated by the City of Fort Collins "Building Community Choices" sales tax, any sale, exchange, transfer or disposition of all or any portion of the Properties shall be subject to the provisions of Section 25-75(a) of the Code of the City of Fort Collins (Exhibit J), and any other restrictions applicable to the use of such sales tax receipts at the time of receipt by the City. 11. In the event one of the parties desires to sell all or any portion of its interest in the Properties and the other party does not, the parties agree to negotiate in good faith to resolve the issue prior to undertaking any litigation. Any such conveyance shall be subject to the terms of any existing encumbrances, restrictions or conditions applicable to the conveyed property, including without limitation the tetras of the City's acquisition of Tract F from the State Land Board and related agreements. In addition, in the event one of the parties desires to sell all or any portion of its interest in the Properties and the other party does not, the party desiring to sell hereby grants to the party not desiring to sell the option to purchase such interest in the Properties for the proportional share of the fair market value of the Properties,as determined by an appraiser selected by the parties. . Unless exercised, the option granted to the party not desiring to sell shall expire two (2) years after the effective date (as provided in paragraph D.5, below) of written notice of the selling party's determination to sell its such interest in the Properties. C. Management of the Pro ep rties 1. Latimer County shall be the Managing Entity and shall be responsible for the management of the Properties in accordance with the Management Plan described hereinbelow. In the event all of the Properties are annexed into the City of Fort Collins, the City shall upon such annexation become the Managing Entity, and the City shall be responsible for all obligations of the Managing Entity herein described. 2. The parties agree that the Properties shall be managed in accordance with the Fossil Creek Reservoir Resource Management Plan,dated October,2000 (the"Management Plan"). In the event the parties determine that modifications to the Management Plan are necessary or appropriate, such changes may be made by agreement of the City Manager and County Manager. If all or any portion of the Properties is subject to leases, deeds of trust or other legal restrictions, including without limitation the terms of the City's acquisition of Tract F from the State Land Board and related agreements, it shall be managed in accordance therewith. New encumbrances that may be 5 granted or imposed in the future on the Properties, such as easements or rights of way, shall be addressed in the next subsequent revisions of the Management Plan, and shall be subject to the approval of the governing bodies of the parties,each in their sole discretion. 6. In the event of emergency or unusual circumstances requiring immediate response, the Latimer County shall be entitled to use reasonable discretion in responding to such circumstances, regardless of the expressed terms of the Management Plan,provided that reasonable efforts are made to consult with the non-managing party regarding the proper course of action. 7. The Management Plan identifies various improvements to be made to the Properties, including, without limitation, such items as Recreational Improvements, Landscape Improvements, and Habitat Improvements. Larimer County shall be responsible for the costs associated with implementing the various improvements to the Properties. 8. The Management Plan identifies the location of a Regional Trail to be constructed on the Properties at a future date. The City of Fort Collins shall be responsible for the costs associated with the design, construction and maintenance of the Regional Trail. Latimer County shall be responsible for the costs of patrol and enforcement of the Regional Trail and the use by that Trail of the general public, consistent with regulations to be developed in consultation with the City. 9. Larimer County shall be responsible for the management costs associated with the Properties. "Management costs" shall be defined to include normal and customary expenses associated with day-to-day use and operation of the Properties. 10. Other liabilities and extraordinary costs shall be defined to include those costs that are not associated with site improvements, the regional trail, or management. Any liabilities or extraordinary costs related to the use, possession or ownership of the Properties shall be shared by the parties in proportion to their ownership interest in the Properties; provided, however, that in the event such liability or extraordinary costs arise solely or in part from the negligent acts or omissions of one party, the negligent party shall be responsible for such liability or extraordinary cost attributable to its negligent acts or omissions. 11. Any revenues generated by the Properties shall be retained by Larimer County for use only for the cost of management of the Properties for the current or future years; provided, however, that the Management Plan may provide that any accumulated revenues not needed for current or reasonably anticipated future management costs may be used for improving the Properties. 12. Larimer County shall make diligent efforts to acquire any interest in the Properties created by that certain recreational lease between North Poudre Irrigation Company and Luther E. Harris, for an amount mutually agreeable to the parties hereto, the expense of which shall be shared equally by the parties hereto. 6 • 13. Larimer County shall make diligent efforts to acquire, at the County's sole expense, the interest of William Q. Jaeger, or his successors-in-interest, in that certain State Board of Land Commissioners ("State Board") Conservation Reserve Program Lease of State Trust Lands dated October 1, 1997, by and between the State Board and William Q. Jaeger and appurtenant to Tract F. D. Miscellaneous Provisions. 1. This Agreement may not be assigned by either party without the prior written consent of the other party. 2. This Agreement shall be binding upon and inure to the benefit of the parties' respective successors and permitted assigns. 3. Financial obligations of the parties payable after the current fiscal year are contingent upon the governing bodies of the parties, in their discretion, appropriating the necessary funds therefor. 4. Nothing in this Agreement waives the immunities , limits of liability, or other terms and conditions of the Colorado Governmental Immunity Act as now in force or hereafter amended. 5. Any notices required or permitted to be given shall be in writing and personally delivered to the office of the parties of by first class mail, postage prepaid, as follows: To Larimer County: K-Lynn Cameron, Open Lands Manager Larimer County Parks and Open Lands Department 1800 South County Road 31 Loveland, Colorado 80537-9638 To the City of Fort Collins: Tom Shoemaker, Natural Resources Director City of Fort Collins Department of Natural Resources 281 North College Avenue Fort Collins, Colorado 80521 Any such notice shall be effective (i) in the case of personal delivery, when the notice is actually received, or (ii) in the case of first class mail, the third day following deposit in the United States mail, postage prepaid, addressed as set forth above. Any party may change these persons or addresses by giving notice as required above. • 7 6. This Agreement shall be effective upon the date of the last party to sign. CITY OF FORT COLLINS, COLORADO Dated: By: Mayor ATTEST: APPROVED AS TO FORM: City Clerk Assistant City Attorney LARIMER COUNTY, COLORADO Dated: By: Chair, Board of County Commissioners ATTEST: APPROVED AS TO FORM: Deputy Clerk County Attorney 8