Loading...
HomeMy WebLinkAboutMINUTES-03/11/1980-AdjournedN 1 1 March 11, 1980 COUNCIL OF THE CITY OF FORT COLLINS, COLORADO Council - Manager Form of Government Adjourned Meeting - 1:00 P.M. An adjourned meeting of the Council of the City of Fort Collins was held on Tuesday, March 11, 1980, at 1:00 p.m. in the Council Chambers in the City of Fort Collins City Hall: Roll call was answered by the followiing Councilmembers: Bowling, Gray, Kross, Reeves, St. Croix, Wilkinson and Wilmarth. Absent: None. Staff Members Present: Arnold, L:iley, Lewis, Krempel, Case and Mabry. City Manager John Arnold requested item no. 4, "Hearing and First Reading. of Ordinance No. 36, 1980, Authorizing the City to Enter into an Agreement with Elevator Properties for the Lease and Option to Purchase Certain Real Property" be considered prior to item no. 3, "Hearing and Final Reading of Ordinance No. 35,1980, Authorizing the Execution and Delivery of an Amended and Restated Organic Contract Establishing Platte River Power Authority as a Separate Governmental Entity." Hearing no objections, Council concurred in the request. Ordinance Adopted as Amended Authorizing the City to Enter into an Agreement with Elevator Properties for the Lease and Ootion to Purchase Certain Real Prooerty Following is the City Manager's memorandum on this item: "At the March 4th Council session, Council approved a motion directing staff to "pursue a lease and option to purchase the site." The staff has met with the property owners and negotiated a lease -purchase option. Attached is an Ordinance providing for a lease -purchase of the site, and an agreement with the property owners detailing the terms of the lease -purchase. The financial terms of the agreement are as follows: 1. Purchase price of $305,000. ($8.026 per sq. ft.) 2. $100,000 down payment on July 1, 1980. 3.. $205,000 balance payable in semi-annual lease payments at 9% on January 1 and July 1 through January 1, 1984. 4. $85,600 final payment on January 1, 1984. 5. $350,201 total cost including interest. -67- March 11, 1980 Title to the property would pass to the City coincident with the payment of ' the balloon payment on January 1, 1984. The City would maintain the right to demolish existing improvements and make new improvements to the site during the term of the lease. The staff recommends approval of the attached Ordinance." City Manager Arnold reviewed the recommendation and City Attorney Liley requested an Amendment to the Ordinance as follows: "In section 3, to delete the word "objection" and substitute the word "requirement" in line two. She then requested time to finalize the agreement and to bring it back prior to second reading. Councilman Wilkinson made a motion, seconded by Councilwoman Reeves to adopt Ordinance No. 36, 1980 on first reading as amended. Yeas: Councilmembers Bowling, Gray, Kross, Reeves, St. Croix, Wilkinson and Wilmarth. Nays: None. THE MOTION CARRIED. Ordinance Tabled Authorizing the Execution and Delivery of an Amended and Restated Organic Contract Establishing Platte River Power Authority as a Separate Governmental Entity Following is the City Manager's memorandum on this item: "Attached are materials for the March llth City Council meeting. One is an explanatory memo from Al Hamilton that had been given to Board members earlier. Another is background material on the Pleasant Valley issue i prepared late Friday. The Pleasant Valley issue needs to be approved by Council so we can go to the Pleasant Valley Company at its meeting on Wednesday. We are the requesting party in this case, and need, therefore, to try to meet their schedule. The PRPA agreement needs to be adopted by Council before April 1 for PRPA's bond sale. But staff has not had adequate time to review something this important. Also, the timing makes an emergency ordinance necessary. So I'd like to request you delay the adoption until the March 25th Council meeting for that complete review. Such a delay will have no effect upon PRPA's timing and will help us guard against error." Councilman Wilkinson read the following excerpt from a letter to him from Platte River Power General Manager, Al Hamilton: ' -68- March 11, 1980 '' As we discussed over the phone last Saturday afternoon, I see no problem with the Fort Collins City Council deferring action on a revised organic contract and power contract to the Council's regular meeting on March 25th. The important thing is that these revised documents be adopted by the end of this month if we are to meet the schedule for the sale of the Series E Bonds as recommended by our financial advisors." Councilman Wilkinson made a motion, seconded by Councilman St. Croix to table Ordinance No. 35, 1980 to March 25, 1980. Yeas: Councilmembers Bowling, Gray, Kross, Reeves, St. Croix, Wilkinson and Wilmarth. Nays: None. THE MOTION CARRIED. Amendments to Pleasant Valley and Lake Canal Company Contract Agreement Resolution Adopted Authorizing the City Manager to Appoint a Proxy to Vote on Behalf of the City at Meetings of Irrigation Companies Following is the City Manager's memorandum on this item: "On December 4, 1979, the City Council approved an agreement with the Pleasant Valley and Lake Canal Company on the City's utilization of shares of water. As a result of input from the shareholders annual meeting, minor changes are needed in the agreement. These will be brought to the Council meeting." Public Works Director Roger Krempel addressed the minor revisions to the agreement. Mr. Willard Wright, 512 N. Hollywood, requested assurances that water would be available at the end of the lateral. Roger Krempel responded the City has gone over and above the requirement to assure no damage to water users. Councilwoman Reeves made a motion, seconded by Councilman Kross to approve the agreement as modified with the. Pleasant Valley and Lake Canal Company. Yeas: Councilmembers Bowling, Gray, Kross, Reeves, St. Croix, Wilkinson and Wilmarth— Nays: None. THE MOTION CARRIED. -69- 0 March 11, 1980 City Clerk Verna Lewis read the Resolution at length. Councilman Wilkinson made a motion, seconded by Councilwoman Gray to adopt the Resolution. Yeas: Councilmembers Bowling, Gray, Kross, Reeves, St. Croix, Wilkinson and Wilmarth. Nays: None. THE MOTION CARRIED. Other Business Councilwoman Reeves stated she felt that Council could be of assistance to the Community Development Block Grant Committee as they commence their work on recommending funding. City Manager Arnold recommended that the staff report to the Council on the HUD guidelines and a summary of expenditures to date. Adjournment The meeting was adjourned to March 25, 1980 at 1:00 p.m. The meeting adjourned at 1:30 p.m. ATTEST: ty Cie -70- '