HomeMy WebLinkAbout104 - 09/03/1991 - AUTHORIZING A DEED OF CONVEYANCE FOR THE SALE OF LOT 33, BLOCK 8, SOUTH COLLEGE HEIGHTS 7TH SUBDIVIS ORDINANCE NO. 104, 1991
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE MAYOR TO EXECUTE A DEED OF
CONVEYANCE FOR THE SALE OF LOT 33, BLOCK 8,
SOUTH COLLEGE HEIGHTS 7TH SUBDIVISION FOR THE AMOUNT OF $16,000
WHEREAS, the City of Fort Collins is the owner of that certain parcel of
real property located in Larimer County, Colorado, legally described as Lot
Thirty-three (33) , Block Eight (8) , South College Heights Seventh Subdivision,
in the City of Fort Collins (hereinafter "the Property") ; and
WHEREAS, the City Manager has previously entered into an Agreement of
Purchase and Sale of Real Property with Murdoff Homes, Inc. , for the sale of the
Property dated August 7, 1991 (hereinafter "the Agreement of Purchase and Sale")
for the purchase price of $16,000; and
WHEREAS, the Agreement of Purchase and Sale is contingent upon City Council
approval on or before September 3, 1991; and
WHEREAS, Section 23-111 of the Code requires that, prior to any sale or
other disposition of real property owned in the name of the City, the City
Council must find, by ordinance, that such sale or other disposition is in the
best interest of the City; and
WHEREAS, Section 23-111 of the Code further requires that with respect to
real property which is part of the City's utility system, the City Council must
also find that the disposition will not materially impair the viability of the
particular utility system as a whole and that it will be for the benefit of the
citizens of the City.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS
as follows:
1. That the Agreement of Purchase and Sale is hereby approved.
2. That the sale and conveyance of the Property is in the best interests
of the City of Fort Collins.
3. That the sale does not materially impair the viability of the City
electric utility system and that it will be for the benefit of the
citizens of the City.
4. That the Mayor be and hereby is, authorized to execute a deed
conveying the Property to Murdoff Homes, Inc. pursuant to the terms
of the Agreement of Purchase and Sale.
Introduced, considered favorably on first reading, and ordered published
this 20th day of August, A.D. 1991, and to be presented for final passage on the
3rd day of September, A.D. 1991 .
yor Pro Tem
ATTEST:
. �
City Clerk
Passed and adopted on final reading this 3rd day of September, A.D. 1991.
'Mayor
ATTEST: l
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