Loading...
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