HomeMy WebLinkAbout1993-011-01/19/1993-AGREEMENT OF SALE AND PURCHASE ENGLISH RANCH NEIGHBORHOOD PARK PARKLAND FUND PARKLAND PROPERTY RESOLUTION 93-11
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE CITY MANAGER TO ENTER
INTO AN AGREEMENT OF SALE AND PURCHASE
TO PURCHASE PARKLAND PROPERTY
WHEREAS, the Council of the City of Fort Collins has adopted the Parks and
Recreation Master Plan which recommends one neighborhood park per square mile in
residential areas of the City; and
WHEREAS, the Council has appropriated money in the Parkland Fund for the
purpose of purchasing neighborhood parks in residential areas; and
WHEREAS, the City wishes to purchase certain property known as the English
Ranch for a neighborhood park, because it is located near the center of a
residential section and meets the Master Plan criteria for the location of
neighborhood parks; and
WHEREAS, the current owner has agreed to sell 5.4739 acres of said property
for a price of $90,481 .60 to the City for the purpose of a neighborhood park
site; and
WHEREAS, the City has determined that the foregoing sales price represents
the fair market value of the property, based on sales of comparable properties
reviewed by the City's Right-of-way Agent.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS
that the City Manager be, and hereby is, authorized to enter into an Agreement
of Sale and Purchase to purchase property known as the English Ranch Park site,
comprising approximately 5.4739 acres located near Linton Elementary School and
more particularly described on attached Exhibit "A, " which is incorporated herein
by this reference, for a sum of Ninety Thousand Four Hundred Eighty-One Dollars
and Sixty Cents ($90,481 .60) .
Passed and adopted at a regular meeting of the Council of the City of Fort
Collins held this 19th day of January, A.D. 1993.
Mlyor
ATTEST:
w�zl City Clerk
Exhibit A
Legal Description
A tract of land situate in the Northeast 1/4 of Section 32, Township 7 North,
Range 68 West of the Sixth P.M. , City of Fort Collins, County of Larimer, State
of Colorado, which, considering the West line of said Northeast 1/4 as bearing
N 00° 09' 23" W and with all bearings contained herein relative thereto is
contained within the boundary lines which begin at a point on said West line
which bears S 00° 09' 23" E 1359.29 feet from the North 1/4 Corner of said
Section 32, and run thence S 89° 34' 07" E 153.00 feet; thence N 73° 02' 00" E
367.00 feet; thence N 83° 22' 00" E 85.72 feet; thence S 06° 38' 00" E 240.88
feet; thence along the arc of a 1012.86 foot radius curve to the right a distance
of 131 .38 feet, the long chord of which bears S 02' 55' 03" E 131 .28 feet; thence
S 006 47' 54" W 89.86 feet, thence N 89° 12' 06" W 621 .57 feet to a point on the
West line of said Northeast 1/4; thence along said West line, N 00' 09' 23" W
335.73 feet to the point of beginning, containing 5.4739 acres, more or less.