HomeMy WebLinkAbout1995-141-10/03/1995-PROVINCETOWNE PROPERTY REQUEST FOR PROPOSAL SALE SID RESOLUTION 95-141
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE PURCHASING AGENT
TO ISSUE A REQUEST FOR PROPOSAL
FOR TILE SALE OF TI IE PROVINCETOWNE PROPERTY
WHEREAS, the City, has a sales policy for real property acquired through or in lieu of the
special assessment lien foreclosure process; and
WHEREAS, the real property known as Provincetowne was acquired in this manner; and
WHEREAS, the City's objectives in selling the Provincetowne property are:
I. To satisfy the City's fiduciary responsibilities to the SID bondholders and recover as
much of the City's costs as possible;
2. To retain or acquire ownership of those lands needed for public purposes such as
natural areas and park sites; and
3. To create an affordable housing demonstration project without the City being the
developer; and
WHEREAS,the City's affordable housing demonstration project objectives/outcomes for this
property are:
1. .To demonstrate acceptability of dispersed, mixed housing in a design that can be
replicated in other privately developed projects;
2. To gather data, test and evaluate impact of changes to development standards that
have been identified by the affordable housing board, city staff and others;
3. To demonstrate how a community development corporation can play a part in
financing affordable housing;
4. To develop a package of regulatory, administrative and financial incentives to offer
developers of affordable housing; and
5. To determine affordable housing development and location criteria that are
acceptable to neighbors of the property; and
WI IEREAS, the issuance of a request for proposal has been identified as the first action to
be taken to meet the goals for the sale and use of this property.
NOW, THEREFORE, BE TT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
PORT COLLINS, that the City's Purchasing Agent is hereby authorized to issue a written Request
for Proposal for the sale of the Provincetowne property with provisions designed to meet the sales
and affordable housing objectives described above.
Passed and adopted at a regular meeting of the Council of the City of Fort Collins held this
3rd day of October, A.D. 1995.
Mayor
ATTEST:
City Clerk ��