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HomeMy WebLinkAbout119 - 08/03/1999 - AUTHORIZING THE CONVEYANCE OF A PARCEL BY QUIT CLAIM DEED TO DAYTON FAMILY LLP IN EXCHANGE FOR A PAR ORDINANCE NO. 119, 1999 AUTHORIZING THE CONVEYANCE OF A PARCEL BY A QUIT CLAIM DEED TO DAYTON FAMILY LLP IN EXCHANGE FOR A PARCEL TO BE ACQUIRED FROM THEM BY THE CITY WHEREAS,the Horsetooth/Mason Right-Turn Lane Project(hereinafter referred to as the "Project") is scheduled for construction in September 1999; and WHEREAS,the City of Fort Collins (hereinafter referred to as the "City") has entered into an Agreement of Purchase and Sale (hereinafter referred to as the "Agreement") with the Dayton Family LLP (hereinafter referred to as the "Daytons") to purchase 2,826 square feet of property needed to construct the Project; and WHEREAS,the City is the owner of adjacent property described as Lot 1, Block 2, Replat of Lots 1-4,Creger Plaza Subdivision, City of Fort Collins, Larimer County,Colorado,a portion of which is described on Exhibit "A", attached hereto and incorporated herein by this reference (the "Property"); and WHEREAS, as part of the Agreement, the City is required to replace 21 parking spaces which Daytons have lost due to the Project and deed the Property,on which these spaces are located, to the Daytons by Quit Claim Deed; 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 interest of the City of Fort Collins. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows: Section 1. That the above described conveyance of the Property will be for the benefit of the City's citizens and that it is in the best interests of the City. Section 2. That the Mayor is authorized to execute such documents of conveyance as are necessary to convey the Property to Dayton Family LLP upon the term and conditions described above. Introduced, considered favorably on first reading, and ordered published this 20th day of July, A.D. 1999, and to be presented for final passage on the 3rd day of Aust , A.D. 1999. Mayor ATTEST: ZtI7lt old (ram °> City Clerk - 1)v?1,1)7 Passed and adopted on final reading this 3rd day of August, A.D. 1999. Mayor c_ c ATTEST: City Clerk EXHIBIT "A" DESCRIPTION OF THE CITY OF FORT COLLINS PROPERTY TO BE DEEDED TO THE DAYTON FAMILY LLP A tract of land located in the Northeast Quarter of Section 35, Township 7 North, Range 69 West of the Sixth Principal Meridian, City of Fort Collins, Larimer County, Colorado, the said tract is a portion of that certain tract of land described in a Warranty Deed dated June 2, 1999, and recorded at Reception No. 99047804 records of the Clerk and Recorder of the said Larimer County the said tract is also a portion of Lot 1 Block 2 of the Plat of Replat of Lots 1, 2, 3 & 4 Creger Plaza Subdivision a plat of record with the said Clerk and Recorder, more particularly described as follows; Commencing at the northwest corner of the said Lot 1, Block 2 Replat of Lots 1, 2, 3 & 4 Creger Plaza Subdivision; THENCE along the west line of the said Lot 1, Block 2, South 01 degrees 04 minutes 00 seconds West for a distance of 17.64 feet to the TRUE POINT OF BEGINNING of this description; THENCE leaving the said west line, South 89 degrees 45 minutes 21 seconds East for a distance of 9.15 feet; THENCE along a curve to the right having a radius of 23.00 feet a central angle of 89 degrees 55 minutes 41 seconds and an arc length of 36.10 feet, being subtended by a chord of South 44 degrees 47 minutes 31 seconds East for a distance of 32.51 feet; THENCE South 00 degrees 10 minutes 20 seconds West for a distance of 84.58 feet; THENCE along a curve to the right having a radius of 311.00 feet a central angle of 18 degrees 48 minutes 42 seconds and an arc length of 102.11 feet,being subtended by a chord of South 09 degrees 46 minutes 59 seconds West for a distance of 101.65 feet; THENCE along a reverse curve to the left having a radius of 412.00 feet a central angle of 12 degrees 24 minutes 27 seconds and an arc length of 89.22 feet, being subtended by a chord of South 12 degrees 59 minutes 06 seconds West for a distance of 89.05 feet to the said west line of Lot 1, Block 2; THENCE non-tangent from the previous curve, along the said west line of Lot 1, Block 2, North 01 degrees 04 minutes 00 seconds East for a distance of 294.68 feet to the point of beginning. Containing 6987 square feet more or less. The above described tract is subject to all easements and rights of ways now existing or of record.