Loading...
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. r , 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 Tr l��L � ` iii; , Community P'lrr l 1 i �� � � Front Range College � a n L EL - z r 1 Ll CATHY FROMME PRAIRIE Existing parking lot N Area of Lot 5 - 56,391 sf or 1 .295 Acres w E S