HomeMy WebLinkAbout1991-098-07/02/1991-RESOLUTION 91-71 SALE SOUTHRIDGE GOLF COURSE RESOLUTION 91-98
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AMENDING RESOLUTION 91-71 AND PROVIDING ADDITIONAL
DIRECTION TO CITY STAFF WITH REGARD TO THE SALE OF
SOUTHRIDGE GOLF COURSE
WHEREAS, on May 7, 1991, the Council of the City of Fort Collins ("the
Council ") adopted Resolution 91-71 ; and
WHEREAS, Resolution 91-71 directed City staff to repackage and market the
sale of the SouthRidge Golf Course ("the Course") ; and
WHEREAS, Resolution 91-71 directed City staff to market the sale of the
Course by calling for sealed proposals from potential purchasers to be opened
on October 1, 1991, with any transaction to sell the Course to occur no later
than February 29, 1992, and if the Course is not sold by February 29, 1992, that
the issue of the sale of the Course be brought back to Council for its further
consideration; and
WHEREAS, City staff is now recommending that a more effective method of
marketing the sale of the Course is to eliminate the procedure of calling for
sealed proposals and to instead acquire the services of real estate brokers
experienced in the sale of golf courses by entering into nonexclusive real estate
listing agreements with as many experienced real estate brokers as meet the
minimum requirements and specifications set by the City through its applicable
procedures under the City Code for procuring professional services; and
WHEREAS, City staff recommends that the nonexclusive listing agreements
entered into with the qualifying real estate brokers provide for a real estate
commission of eight percent (8%) of the gross sales price of the Course and that
the minimum net sales price of the Course.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS
as follows:
Section 1. The Council finds that it is in the best interests of the City
for the City to eliminate the procedure of calling for sealed proposals and to
instead acquire the services of experienced real estate brokers for the sale of
the Course.
Section 2. That City staff is hereby directed to procure the services of
experienced and qualified real estate brokers to market the sale of the Course
by entering into nonexclusive listing agreements with such brokers, upon such
terms and conditions as the City Manager considers to be in the best interests
of the City, provided, however, that the listing agreements shall provide: (a)
for a real estate commission of not more than eight percent (8%) of the gross
sales price of the Course; and (b) that payment of the real estate commission
under the listing agreement shall be contingent upon the Council 's adoption of
an ordinance approving the proposed sale of the Course and the subsequent closing
of that transaction.
Section 3. That any transaction to sell the Course shall occur no later
than February 29, 1992, and if the Course is not sold by February 29, 1992, that
the issue of the sale of the Course shall be brought back to the Council for its
further consideration.
Passed and adopted at a regular meeting of the Council of the City of Fort
Collins held this 2nd day of July, A.O. 1991 .
� L'
mayor
ATTEST:
City Clerk