HomeMy WebLinkAbout1992-096-06/02/1992-620 NORTH WOOD STREET CONCRETE PRODUCTS COMPANY HENKE PURCHASE AGREEMENT SERVICE CENTER RESOLUTION 92- 96
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE PURCHASE OF REAL PROPERTY LOCATED
AT 620 NORTH WOOD STREET
WHEREAS, the City has entered into an Agreement of Purchase and Sale with
Mr. Wesley Henke, sole owner of Concrete Products Company, for the purchase of
approximately 5.37 acres of property immediately south of and adjacent to the
Wood Street Service Center, described on the attached Exhibit "A," for the amount
of One Hundred Ninety Thousand Dollars ($190,000) ; and
WHEREAS, the Agreement of Purchase and Sale is contingent upon Council
approval of said Agreement; and
WHEREAS, said property is desirable for integration into the overall Wood
Street master planning efforts; and
WHEREAS, funds equal to the purchase price of One Hundred Ninety Thousand
Dollars (E190,000) are budgeted and appropriated and available in the Light and
Power Utility Capital Program Fund for this purpose; and
WHEREAS, it is in the City's best interest to acquire this property.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS
as follows:
Section 1. That the City Manager be and hereby is authorized to purchase
that certain property located at 620 Wood Street, consisting of a small office
building, a concrete curing building and approximately 5.37 acres of land, which
is described on Exhibit "A," attached hereto and incorporated herein by this
reference, for a purchase price not to exceed One Hundred Ninety Thousand Dollars
($190,000) .
Section 2. That the City Manager be and hereby is authorized to execute
all such documents as may be necessary to complete said transaction.
Passed and adopted at a regular meeting of the Council of the City of Fort
Collins held this 2nd day of June, A.D. 1992.
Mayor `
ATTEST:
R
City Clerk
Exhibit A
All that portion of the NE 1/4 NW 1/4 of Section 11, Township 7 North, Range 69
West of the 6th P.M. , described as follows, to wit: Considering the North line
of the NW 1/4 of said Section 11 as bearing due East and West and with all
bearings herein relative thereto: beginning at a point which is the intersection
of the West line of the NE 1/4 of NW 1/4 of said Section 11 and the centerline
of Elm Street, said point bears East 1323.8 feet and again South 00*26' East
484.1 feet from the Northwest corner of said Section 11; thence North 89*36' East
1103.4 feet to the Southwesterly line of the Colorado and Southern Railway
Company right-of-way, thence along said right-of-way line North 65*25' West 894.7
feet; thence West 293.0 feet to the West line of the NE 1/4 of NW 1/4 of said
Section 11; thence South 00026' East 380.00 feet to the point of beginning,
subject, however, to a right-of-way for city street 40 feet wide along the South
side of said parcel and a right-of-way for road as now constructed and used along
the West side of said parcel .