HomeMy WebLinkAbout071 - 07/07/1992 - AUTHORIZING A CONTRACT TO PURCHASE THE SITE FOR THE FORT COLLINS SENIOR CITIZEN CENTER AND APPROPRIA ORDINANCE NO. 71, 1992
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE CITY MANAGER TO ENTER INTO A
CONTRACT TO PURCHASE THE SITE FOR THE FORT COLLINS
SENIOR CITIZEN CENTER AND APPROPRIATING PRIOR
YEAR RESERVES IN THE GENERAL FUND AND IN THE
CAPITAL PROJECTS FUND FOR THE
ACQUISITION OF THIS SITE AND FOR
SITE DEVELOPMENT COSTS
WHEREAS, the Council of the City of Fort Collins, in Resolution 92-89, has
selected the seven (7) acre Raintree property as the preferred site for the new
Fort Collins Senior Citizen Center; and
WHEREAS, the owner of the Raintree property, the Raintree Associates, has
offered to sell the property to the City for the amount of Three Hundred Forty-
six Thousand Dollars ($346,000) ; and
WHEREAS, the City anticipates incurring development costs for this property
in the amount of Eighty-seven Thousand Dollars ($87,000) ; and
WHEREAS, Article V, Section 7, of the City Charter authorizes the City
Council to provide by ordinance for the payment of any expense from reserves
accumulated in prior years, notwithstanding that such reserves were not
appropriated for expenditure in the annual appropriation ordinance; and
WHEREAS, the City Council wishes for the City to acquire the Raintree
property for the Fort Collins Senior Citizen Center site for an amount not to
exceed Three Hundred Forty-six Thousand Dollars ($346,000) and to pay for the
development costs associated with this property in the amount of Eighty-seven
Thousand Dollars ($87,000) .
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS
as follows:
Section 1 . That the City Manager is hereby authorized to enter into an
agreement to purchase approximately seven (7) acres of real property ("the
Raintree Property") from the Raintree Associates for an amount not to exceed
Three Hundred Forty-six Thousand Dollars ($346,000) and to accept the donation
of an additional , adjacent parcel of property to be used by the City for open
space purposes. Such parcels of property are more particularly described on
Exhibit "A, " which is attached hereto and incorporated herein by this reference.
Section 2. That there is hereby appropriated from prior year reserves in
the Capital Projects Fund for General City capital projects the amount of Three
Hundred Forty-two Thousand Dollars ($342,000) to be used for the purchase and
acquisition of the Raintree Property.
Section 3. That there is hereby appropriated from undesignated prior year
reserves in the General Fund the amount of Ninety-one Thousand Dollars ($91,000)
to be used for the purchase and acquisition of the Raintree Property and for the
development costs necessary to prepare the property for the construction of the
new Fort Collins Senior Citizen Center facility.
Introduced, considered favorably on first reading, and ordered published
this 2nd day of June, A.D. 1992, and to be presented for final passage on the 7th
day of July, A.D. 1992. /
ayor
ATTEST:
p��
City Clerk
Passed and adopted on final reading this 7th day of July, A.D. 1992.
Aayor
ATTEST:
City Clerk U —
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EXHIBIT A