HomeMy WebLinkAbout049 - 04/07/1998 - AUTHORIZING THE CONVEYANCE OF A PORTION OF BLOCK 31 TO LARIMER COUNTY ORDINANCE NO. 49, 1998
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE CONVEYANCE OF A PORTION OF
BLOCK 31 IN FORT COLLINS TO LARIMER COUNTY
WHEREAS, the City of Fort Collins and Larimer County each own an undivided fifty
percent (50%) interest in Lots 13 through 29 and the vacated alley adjacent to Lots 18 through 23
all in Block 31, Fort Collins, Colorado, as shown on the current plat for Block 31 ("the Property");
and
WHEREAS, Larimer County is in the process of arranging for tax-exempt financing of the
construction of the Justice Center on the Property; and
WHEREAS,in connection with such financing,it is necessary for the County to have control
over the Property; and
WHEREAS, the City and County are in the process of negotiating an intergovernmental
agreement setting forth the property interests to be exchanged and related terms and conditions in
connection with the development and future use of Block 31; and
WHEREAS,as a part of that agreement,the City has agreed to convey to the County by quit
claim deed its fifty percent (50%) interest in the Property to Larimer County, Colorado; and
WHEREAS,the prompt conveyance of the Property to the County will assist the County in
finalizing and proceeding with the financing arrangements for the Justice Center project; and
WHEREAS, Section 23-111 of the City Code requires that the Council authorize the sale,
conveyance or other disposition of any and all interests in real property owned in the name of the
City and first find,by ordinance,that such sale or other 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 the City Council hereby finds that the conveyance of the City's undivided
fifty percent(50%)interest in Lots 13 through 29 and the vacated alley adjacent to Lots 18 through
23, all in Block 31, Fort Collins, Colorado, as shown on the current plat for Block 31 ("the
Property") to Larimer County, Colorado is in the best interests of the City.
Section 2. That the Mayor be, and hereby is, authorized to execute such documents or
conveyances as may be necessary for the City to quitclaim and convey the Property to Larimer
County, Colorado;provided,however,that this authority is expressly contingent upon, and subject
to, the Council's final approval and final execution by both the City and the County of an
intergovernmental agreement setting forth the relative rights and responsibilities of the City and the
County with respect to Block 31.
Introduced, considered favorably on first reading, and ordered published this 17th da of
March, A.D. 1998 and to be presented for final passage on the 7tlyd y/bf April, A.D i
ayor
ATTEST:
City Clerk
Passed and adopted on final reading this 7th day of April, H-1�98.
r //
,---Mayor
ATTEST:
,City Clerk