HomeMy WebLinkAbout125 - 09/05/2006 - AUTHORIZING THE SALE OF LOTS 1, 2 AND 3 OF THE AMENDED HERSH MINOR RESIDENTIAL DEVELOPMENT FOR THE B ORDINANCE NO. 125, 2006
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE SALE OF
LOTS 1, 2 AND 3 OF THE AMENDED HERSH MINOR
RESIDENTIAL DEVELOPMENT FOR THE BENEFIT
OF THE CITY OF FORT COLLINS AND THE NATURAL AREAS PROGRAM
WHEREAS, the City of Fort Collins through its Natural Resources Department, Natural
Areas Program purchased three contiguous residential properties which total 42.7 acres located
in Larimer County, Colorado, (the "Hersh Property"); and
WHEREAS, the Natural Areas Program purchased the Hersh Property in order to expand
the Cathy Fromme Prairie Natural Area with a contiguous parcel; and
WHEREAS, the Natural Areas Program has obtained Larimer County approval to
reconfigure and cluster the Hersh Property residential lots to create one large undeveloped lot of
34.4 acres and three smaller lots, now legally described as Lots 1, 2, 3, and 4 of the Amended
Hersh Minor Residential Development situate in the Northeast Quarter of Section 10, Township
6 North, Range 69 West of the 6th P.M., County of Larimer, State of Colorado; and
WHEREAS, the sale of the two vacant and one improved re-configured and clustered lots
(Lots 1-3 of the Amended Hersh Minor Residential Development, hereinafter referred to as "the
Sale Parcels") will recapture about one-half of the cost of the original purchase while meeting
the Natural Areas Program goal of adding a significant adjoining acreage to the Cathy Fromme
Prairie Natural Area; and
WHEREAS, City staff has estimated a minimum fair market value for the Sale Parcels,
including the residence on Lot 1, at a total of$550,000, assuming that all costs of development
required by Larimer County will be borne solely by the purchaser or purchasers; 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 other disposition of real property owned by the
City will be for the benefit of the City's citizens and 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 conveyance of the Sale Parcels, as set forth herein, will be for the
benefit of the City's citizens and is in the best interest of the City of Fort Collins.
Section 2. That the Mayor is hereby authorized to execute such documents of
conveyance as are necessary to convey the Sale Parcels, upon the terms and conditions described
above, together with such additional terms and conditions as the City Manager, in consultation
with the City Attorney, determines to be necessary and appropriate to protect the interests of the
City, including any necessary corrections to the legal descriptions thereof that do not result in a
material increase or change in character of the property conveyed.
Introduced, considered favorably on first reading, and ordered published this 15th day of
August, A.D. 2006, and to be presented for final passage on the 5th day of September, A.D.
2006.
ATTEST: Mayor
City Clerk
Passed and adopted on final reading on the 5th day of S ;ber, A.D. 2006.
Mayo
ATTEST:
City Clerk