HomeMy WebLinkAbout063 - 04/15/1997 - AUTHORIZING SALE OF PROPERTY KNOWN AS THE JOHNSON SID PROPERTY TO THE RESOURCE ASSISTANCE CENTER ORDINANCE NO. 63, 1997
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE SALE OF THE REAL PROPERTY KNOWN AS
THE JOHNSON SID PROPERTY TO THE RESOURCE ASSISTANCE CENTER
WHEREAS, since 1995 the City of Fort Collins has been the owner of the real property
commonly known as the Johnson SID Property which is legally described on Exhibit "A" attached
hereto and incorporated herein by this reference ("the Property"); and
WHEREAS,the Property is and has been located in the Heart Special Improvement District
No. 84 ("the SID"); and
WHEREAS, in 1989 assessments were levied on the Property for the cost of construction of
improvements in the SID; and
WHEREAS, in 1990 the owner of the Property failed to pay the assessments when due; and
WHEREAS, in accordance with Section 22-97 of the Code of the City of Fort Collins, the
Property was advertised and sold by the Larimer County Treasurer at the 1989 Tax Sale and a tax
certificate of purchase was issued to the City for the Property; and
WHEREAS, in 1995 the City obtained ownership of the Property by way of a Sheriffs Deed
received through a judicial foreclosure of the Property; and
WHEREAS, Section 22-97(d) of the Code provides that, if the City is the owner of the
Property acquired in satisfaction or discharge of liens represented by certificates of purchase, it may
sell such property for the best price obtainable at public sale or auction by sealed bids or by such
other method of sale which may be approved by the City Council; and
WHEREAS, on May 19, 1992, the Council adopted a"Sales Policy for Property Acquired
Through or in Lieu of Special Assessment Lien Foreclosure Process" (the "Policy"); and
WHEREAS, pursuant to the Policy, the City advertised the Property for sale; and
WHEREAS, in response thereto, the City has received an acceptable offer from The
Resource Assistance Center ("TRAC") in the amount of Three hundred twenty-seven thousand
Dollars ($327,000) for the Property; and
WHEREAS, under Section 23-111(a) of the Code, the Council is authorized to sell real
property owned in the name of the City, provided that it first finds the sale is in the best interests of
the City; and
WHEREAS,Section 22-97(h)of the Code describes the manner in which the proceeds of sale
of real properties shall be allocated when the property sold has been acquired as a result of
nonpayment of special improvement district assessments.
NOW,THEREFORE , BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That the sale of the Property to TRAC in the amount of Three hundred twenty-
seven thousand Dollars($327,000)is in the best interests of the City and that said amount is the best
price obtainable by the City for the Property and represents the fair market value thereof.
Section 2. That the proceeds derived by the City from such sale shall be allocated
according to the provisions of Section 22-97(h) of the Code.
Section 3. That the Mayor be, and hereby is, authorized to execute such documents as
are necessary for the City to sell and convey the for the Property to TRAC in the amount of Three
hundred twenty-seven thousand Dollars ($327,000) upon such other terms and conditions as are
recommended by the City Manager.
Introduced, considered favorably on first reading, and ordered published this 1 st day of
April, A.D. 1997, and to be presented for final passage on the 15th day, of April, A.D. 1997.
Mayor �.
ATTEST:
VokA�a�
City Clerk
Passed and adopted on final reading this 15th day of April, . . k997.
C
Mayor
ATTEST:
")p L '.'A
City Clerk 1.
EXHIBIT "A"
A TR IN NW 1/4 SW 1/4 36-7-69 DESC: BEG AT A PT WH BEARS E 1133 .56
FT FROM SW COR OF NW 1/4 SW 1/4 , N 49 3'6 W 45 T, FT,H N 22A C OF
833 .06 FT RAD CUR TO R 392.57 FT, L/C N
324 .48 FT, N 33 301 E 80.02 FT, N 65 55' E 104.43 FT, 5. 85 14' E
514 .90 FT, S 00 O1' 53" E 775. 17 FT, W 190 FT TPOB (CONT 8 .9884 AC
M/L) (C33NOOE) ALSO A PORTION OF LAND DESC IN RCPTN# 87023537 LESS
FT COLLINS RETAIL CENTER
8 PUD,9 FOR X 87069402 52 SS SUPER BLOCK
PHASE HASE I, FTC
WHICH ABOVE-DESCRIBED REAL PROPERTY IS MORE PARTICULARLY DESCRIBED
AS FOLLOWS:
A tract of land located in the southwest Quarter of Section 36,
Township 7 North, Range 69 West of the Sixth Principal Meridian,
City of Fort Collins, Larimer County, Colorado, being more
particularly described as follows: .
Considering the West line of the said southwest Quarter of Section
36 as bearing South 00 degrees 021101" Fast and with all bearings
contained herein relative thereto:
Commencing at the West Quarter corner of said Section 36; thence
along the said West line, South 00 02101" East 1322 .96 feet to the
Southwest corner of the North half of the said Southwest Quarter;
thence along the south line of the said North half, North 89 56140"
East 1225. 92 feet to the Easterly Right-of-way of J.F.K. Parkway as
dedicated at Reception No. 86012669 , records' of the Clerk and
Recorder of the said Larimer County and to the TRUE POINT OF
BEGINNING of this description: thence continuing along the said
South line of the North half, North 89 56'40" East 97 .80 feet to
the West boundary of the Plat of Somerset P.U.D. a plat of record
with the said Clerk and Recorder; thence along the said West
boundary North 00 03143" West 667 . 63 feet to the Southerly Right-
of-way of Troutman Parkway as dedicated at the said Reception No.
86012669 ; thence along the said Southerly Right-of-way, South 77
34109" West 271.93 feet; thence continuing along the said Southerly
Right-of-way, 33 . 16 feet along the arc of a curve concave to the
Southeast having a central angle of 95 00'00" a radius of 20.00
feet, the long chord of the said curve bears South 30 OV 09" West
29.49 feet to the said Easterly Right-of-way of J.F.K. Parkway;
thence along the said Easterly Right-of-way, South 17 25151" East
611.76 feet to the Point of Beginning.