HomeMy WebLinkAbout154 - 12/21/1993 - AUTHORIZING THE SALE OF LOT 55, REPLAT OF GREENBRIAR PUD ORDINANCE NO. 154, 1993
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE SALE OF REAL PROPERTY DESCRIBED AS
LOT 55, REPLAT OF GREENBRIAR PUD
WHEREAS, on November 19, 1985, the Council of the City of Fort Collins (the
"Council ") authorized the creation of the Greenbriar Special Improvement District
#87 (the "District") for the purpose of installing street, water, and wastewater
improvements within the District; and
WHEREAS, on November 3, 1987, assessments were levied on property in the
District for the cost of construction of the improvements; and
WHEREAS, the owner of Lot 55, Replat of Greenbriar PUD ("Lot 55") failed to
pay the installment due in January of 1988; and
WHEREAS, in accordance with Section 22-97 of the Code of the City of Fort
Collins, Lot 55 was advertised and sold by the Larimer County Treasurer at the
1988 tax sale and tax certificates of purchase were issued to the City; and
WHEREAS, the City subsequently obtained a Treasurer's Deed to Lot 55; and
WHEREAS, Section 22-97(d) of the City Code provides that, if the City is the
owner of 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 or 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 contacted local governmental
agencies seeking buyers for all or any portion of Lot 55, none of which expressed
an interest in acquiring Lot 55; and
WHEREAS, the City advertised the property for sale in a local newspaper and
posted a "For Sale" sign on the property; and
WHEREAS, the City has received an offer from Holz Construction in the amount
of Fourteen Thousand Five Hundred Dollars for Lot 55; and
WHEREAS, under Section 23-111(a) of the City Code, the Council is authorized
to sell real property owned in the name of the City, provided it first finds the
sale is in the best interest of the City; and
WHEREAS, Section 22-97(e) of the City Code describes the manner in which the
proceeds of sale of real properties should be allocated when the property sold
has been acquired through the foreclosure of a special assessment lien.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS
as follows:
Section 1. That the sale of Lot 55, Replat of Greenbriar PUD ("the
Property") to Holz Construction for the sum of Fourteen Thousand Five Hundred
Dollars (E14,500) is in the best interests of the City and that said amount is
the best price obtainable by the City for the Lot 55 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(e) of the City Code.
Section 3. That the Mayor be, and hereby is, authorized to execute such
agreements of sale and documents of conveyance as are necessary for the City to
sell and convey the Property on the terms and conditions described above.
Introduced, considered favorably on first reading, and ordered published
this 7th day of December, A.D. 1993, and to be presented for final passage on the
21st day of December, A.D. 1993.
Mayor
ATTEST:
City Clerk
Passed and adopted on final reading this 21st da December, A.D. 1993.
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