HomeMy WebLinkAbout055 - 05/04/1999 - AUTHORIZING THE SALE OF LOT 5, CLARENDON HILLS FIFTH FILING, AND APPROPRIATING UNANTICIPATED REVENUE ORDINANCE NO. 55, 1999
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE SALE OF LOT 5, CLARENDON HILLS FIFTH FILING,
AND APPROPRIATING UNANTICIPATED REVENUE
IN THE CONSERVATION TRUST FUND
WHEREAS, in 1992,the City of Fort Collins purchased Lot 5, Clarendon Hills Fifth Filing
(the "Property") for a proposed Fossil Creek Trail Parking Lot, as shown on the attached map,
attached hereto as Exhibit "A" and incorporated herein by this reference; and
WHEREAS, in 1993, the City purchased the Cathy Fromme Prairie Natural Area which
provided Fossil Creek Trail access from the natural area parking lot located across Shields Street
from Lot 5, thereby eliminating the City's need for Lot 5; and
WHEREAS, the Property has been offered to other City departments and no need has been
identified for the Property for other City purposes; and
WHEREAS,the City has offered the Property for sate to the public and has received an offer
to purchase the Property in the amount of$62,000; and
WHEREAS,the foregoing offer equals the estimated fair market value of the Property; and
WHEREAS, the proceeds from the sale of the Property will result in unanticipated revenue
in the Conservation Trust Fund; and
WHEREAS,Article V, Section 14,of the Charter of the City of Fort Collins permits the City
Council to appropriate, by Ordinance, unanticipated revenue which is the result of new revenue
sources at any time during the year in which such revenue is received; and
WHEREAS, Section 23-111 of the City Code provides that the City Council is authorized
to sell, convey or otherwise dispose of real property owned by the City,provided the Council first
finds by ordinance that any sale or disposition of real property owned by the City 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 Property for Sixty-
Two Thousand Dollars ($62,000) is in the best interests of the City and represents the fair market
value of the Property.
Section 2. That the Mayor is authorized to execute such documents of conveyance as are
necessary for the City to convey the Property to Gary and Susan Murphey upon the terms and
conditions described above, together with such other terms and conditions as the City Manager, in
consultation with the City Attorney, determines are necessary and appropriate to protect the City's
interests.
Section 3. That there is hereby appropriated for expenditure from unanticipated revenue in
the Conservation Trust Fund, the sum of SIXTY-TWO THOUSAND DOLLARS ($62,000) upon
receipt of said sum from the proceeds of the Property as authorized in this Ordinance for the
continued development of the Fossil Creek Trail.
Introduced, considered favorably on first reading, and ordered published this 20th day of
April, A.D. 1999 and to be presented for final passage on the 4th day of May, A.D. 1999.
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4 i I
Mayor
ATTEST:
)LL
City Clerk
Passed and adopted on final reading this 4th day of May, A.D. 1999.
Mayor
ATTEST:
City Clerk
- -- EXHIBIT "Ass—
LOT 5 CLARENDON HILLS 5TH FILING
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CATHY FROMME
PRAIRIE
Existing parking lot
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Area of Lot 5 - 56,391 sf
or 1 .295 Acres w E
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