HomeMy WebLinkAbout125 - 09/18/2001 - AUTHORIZING THE SALE OF 1.032 ACRES OF WESTFIELD PARK TO POOL OF DREAMS, LTD. ORDINANCE NO. 125, 2001
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE SALE OF 1.032 ACRES OF
WESTFIELD PARK TO POOL OF DREAMS, LTD.
AND APPROPRIATING THE PROCEEDS OF SUCH SALE
AS UNANTICIPATED REVENUE IN THE NEIGHBORHOOD PARKLAND FUND
WHEREAS,in 1981 the City acquired 14.61 acres of land for the amount of$166,700,with
the intention of using 10 to 12 acres of the land as the location for Westfield Neighborhood Park;
and
WHEREAS,when Westfield Neighborhood Park(the"Park")was developed in 1997-1998,
the actual acreage used to develop the Park was 11 acres, with an area of 1.032 acres, more
particularly described on Exhibit"A",attached hereto and incorporated herein by this reference(the
"Property"), remaining undeveloped and unused for park purposes; and
WHEREAS, in 1999, a group of neighbors of the Park approached the City with a proposal
to acquire the Property for use as a neighborhood pool that would not be open to the general public;
and
WHEREAS,the use of the Property as a pool would be compatible with the Park and would
provide additional recreational facilities in the City; and
WHEREAS,based upon an appraisal of the Property by a qualified appraiser, City staff has
determined that the fair market value of the Property is $120,000; and
WHEREAS, Pool of Dreams, Ltd. has agreed to pay to the City the amount of$120,000 in
exchange for the conveyance of the Property subject to the reservation by the City of a right of first
refusal on the Property; 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 will be for the
benefit of the City's citizens, and will be in the best interests of the City; and
WHEREAS,Article V, Section 9,of the Charter of the City of Fort Collins permits the City
Council to make supplemental appropriations by ordinance at any time during the fiscal year,
provided that the total amount of such supplemental appropriations,in combination with all previous
appropriations for that fiscal year,does not exceed the then current estimate of actual and anticipated
revenues to be received during the fiscal year; and
WHEREAS, it is the desire of the Council to authorize the sale of 1.032 acres of land of the
Park subject to a City right of first refusal,and to appropriate the$120,000 from the sale of the land
in the Neighborhood Parkland Fund.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That the conveyance of the Property to Pool of Dreams,Ltd.,as described herein,
will be for the benefit of the residents of the City and is in the best interests of the City.
Section 2. That the Mayor is hereby authorized to execute such documents of conveyance
or commitment as are necessary to convey the Property to Pool of Dreams,Ltd.,subject to a reserved
right of refusal, and otherwise consistent with the terms and conditions described above.
Section 3. That there is hereby appropriated for expenditure from unanticipated revenue in
the Neighborhood Parkland Fund the sum of ONE HUNDRED AND TWENTY THOUSAND
DOLLARS ($120,000) for neighborhood parkland fund purposes.
Introduced, considered favorably on first reading, and ordered published this 21st day of
August,A.D. 2001,and to be presented for final passage on the 18th day of September, A.D. 2001.
Mayor
ATTEST:
City Clerk
Passed and adopted on final reading this 18th day of September, A.D. 2001.
Mayor
ATTEST:
rh
City Clerk