HomeMy WebLinkAbout057 - 06/02/1992 - AUTHORIZING THE MAYOR TO EXECUTE A DEED OF CONVEYANCE FOR THE SALE OF THE NORTH 50 FEET OF LOT 13 IN ORDINANCE NO. 57 , 1992
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE MAYOR TO EXECUTE A DEED OF
CONVEYANCE FOR THE SALE OF THE NORTH 50 FEET OF LOT 13
IN BLOCK 178 CITY OF FORT COLLINS FOR THE AMOUNT OF $1 ,676
WHEREAS, the City of Fort Collins is the owner of that certain parcel of
real property located in Larimer County, Colorado, legal described as the north
50 feet of Lot 13 in Block 178, City of Fort Collins, Colorado (hereinafter "the
Property") ; and
WHEREAS, the City Manager has entered into an Agreement of Purchase and
Sale of Real Property dated May 8, 1992, with Douglas P. Simons and Ellen P.
Richey, for the sale of the Property (hereinafter "the Agreement of Purchase and
Sale") ; and
WHEREAS, the Agreement of Purchase and Sale is contingent upon City Council
approval on or before June 16, 1992; 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's
Electric Utility System and that it will be beneficial to the
citizens of the City.
4. That the Mayor be and she hereby is, authorized to execute a deed
conveying the Property to Douglas P. Simons and Ellen P. Richey
pursuant to the terms of the Agreement of Purchase and Sale.
Introduced, considered favorably on first reading, and ordered published
this 19th day of May, A.D. 1992, and to be presented for final passage on the 2nd
day of June, A.D. 1992.
Mayor
ATTEST:
City Clerk
Passed and adopted on final reading this 2nd day of June, 1992.
Mayor
ATTEST:
n� z
City Clerk