HomeMy WebLinkAbout127 - 11/20/2012 - AUTHORIZING THE CONVEYANCE OF CITY-OWNED PROPERTY KNOWN AS THE VANGBO PROPERTY SUBJECT TO A CONSERVA ORDINANCE NO. 127, 2012
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE CONVEYANCE OF CITY-OWNED PROPERTY KNOWN
AS THE VANGBO PROPERTY SUBJECT TO A CONSERVATION EASEMENT
WHEREAS, the City is the owner of certain real property known as the Vangbo Property,
located in Larimer County, Colorado, as more particularly described in Exhibit"A", attached and
incorporated herein by this reference (the "Property"); and
WHEREAS,the Property, which is approximately 105 acres in size,was purchased in 2005
by the City's Natural Areas Department as part of the Timnath Community Separator and to protect
the view from I-25, with the intent of eventually selling the Property subject to a conservation
easement that would maintain the agricultural value of the Property; and
WHEREAS, Natural Areas staff is proposing to sell the Property and related water rights,
including the McLaughlin Well, four shares of Sand Dike Ditch rights, and a one-half share of Lake
Canal Reservoir rights, for$300,000, subject to a reserved conservation easement that would limit
future commercial and residential development on.the Property; and
WHEREAS, City staff is in the process of negotiating with the proposed buyer of the
Property conservation easement terms and conditions subject to which the Property would be
conveyed; and
WHEREAS, a copy of the proposed conservation easement, dated October 26, 2012, is on
file in the Office of the City Clerk and available for public inspection (the "Conservation
Easement"); and
WHEREAS,Section 23-111(a)of the City Code provides that the City Council is authorized
to sell, convey, or otherwise dispose of any and all interests in real property owned in the name of
the City,provided that the City Council first finds, by ordinance, that such sale or other disposition
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 Vangbo
Property subject to the Conservation Easement as provided herein is in the best interests of the City.
Section 2. That the Mayor is hereby authorized to execute such documents as are
necessary to convey the Property on terms and conditions consistent with this Ordinance and subject
to the Conservation Easement in substantially the form for the same dated October 26,2012,and on
file in the Office of the City Clerk, together with such additional terms and conditions as the City
Manager, in consultation with the City Attorney, determines are necessary or appropriate to protect
the interests of the City or effectuate the purposes of this Ordinance, including, but not limited to,
any necessary corrections to the legal description of the Property, as long as such changes do not
materially increase the size or change the character of the property to be conveyed.
Introduced, considered favorably on first reading, and ordered published this 6th day of
November, A.D. 2012, and to be presented for final passage on the 20th day of November, A.D.
2012.
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ATTEST: SEAL `D
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City Clerk
Passed and adopted on final reading on the 20th day of November, A.D. 2012.
'>sss:a� Mayor
ATTEST: G-SY OFROP
City Clerk
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EXHIBIT A
Vangbo Property
Legal Description
LEGAL DESCRIPTION
OF THE PROPERTY CONVEYED HEREBY
A tract of land situate in the Southwest 1/4 of Section 22,
Township 7 North, Range 68 West of the Sixth P.M. , Larimer
County, State of Colorado, which considering the West line of
the said Southwest 1/4 as bearing North 00 degrees 16 minutes
00 seconds East and with all bearings contained herein
relative thereto is contained within the boundary lines which
begin at a point on the East line of the said Southwest 1/4
which bears South 00 degrees 15 minutes 38 seconds West
1,254.16 feet from the center 1/4 corner of said Section 22
and run thence South 00 degrees 15 minutes 3B seconds West
1,390.61 feet along the said East line to the South 1/4 corner
of said Section 22, thence North 89 degrees 56 minutes
41 seconds West 2.047.49 feet along the South line of said
Southwest 1/4 to a point on the Easterly line of Interstate
Highway No. 25; thence along the said Easterly line North
12 degrees 34 minutes 00 seconds West 1,025.05 feet and again
North 00 degrees 44 minutes 00 seconds East 416.30 feet and -
again along the arc of a 11,240.00 foot radius curve to the
right a distance of 568.58 feet, the long chord of which bears
North 09 degrees 48 minutes 20 seconds West 588.51 feet and
again North 20 degrees 48 minutes 30 seconds West 3 97.4 0 feet
and again along the arc of a 11,375.00 foot radius curve to
the right a distance of 285.47 feet, the long chord of which
bears North 05 degrees 37 minutes 01 seconds West 285..46 feet
to a point on the North line of the said Southwest 1/4; thence
South 89 degrees 47 minutes 12 seconds East 1,367.17 feet
along the said North line; thence South 00 degrees 15 minutes
38 seconds West 1,257.41 feet; thence South 89 degrees
56 minutes 41 seconds East 1,179.41 feet to the Point of
Beginning, County of Larimer, State of Colorado.
(Vacant land, no street address assigned)
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