HomeMy WebLinkAbout1990-180-12/18/1990-725 EAST VINE DRIVE PURCHASE OF LAND RESOLUTION 90-180
OF THE COUNCIL OF THE CITY OF FORT COLLINS
CONCERNING THE PURCHASE OF LAND LOCATED
AT 725 EAST VINE DRIVE
WHEREAS, current Streets Department facilities are dispersed throughout
the City and lack the necessary storage to adequately provide services to the
community; and
WHEREAS, current facilities cannot accommodate the future needs of the
Department as it grows in response to the City's increasing need for services;
and
WHEREAS, Council finds that a permanent Streets Department facility that
consolidates Streets Department operations is in the best interests of the City;
and
WHEREAS, the property located at 725 East Vine Drive would consolidate
Streets operations and provide enough area to meet current and future needs of
the Department; and
WHEREAS, the City of Fort Collins, as Purchaser, and Weyerhaeuser, Inc. ,
as Seller. have entered into a Letter of Understanding for the purchase and sale
of 725 East Vine Drive for a purchase price of Nine Hundred Forty-Seven Thousand
Dollars ($947,000) ; and
WHEREAS, City staff and a local M.A. I. appraiser have determined that the
purchase price is equivalent to the fair market value of the property; and
WHEREAS, the Letter of Understanding is contingent upon City Council
approval , Planning and Zoning review, and the outcome of an environmental audit.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS
that the City Manager be, and he hereby is, authorized and directed to complete
the planning of the project, to detail the project costs, and to attempt to
satisfy the contingencies of the Letter of Understanding by submitting the
project to the Planning and Zoning Board for review, subject to the normal appeal
procedures, and by having an environmental audit of the property conducted.
After having completed all of the foregoing, the City Manager is further directed
to return the project and proposed purchase of the property to Council for
further review and possible approval .
Passed and adopted at a regular meeting of the City Council held this 18th
day of December, 1990.
A
Mayo
ATTEST:
City Clerk