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HomeMy WebLinkAbout1992-126-08/04/1992-725 EAST VINE DRIVE PURCHASE LAND STREETS FACILITY WEYERHAEUSER INC RESOLUTION 92-126 OF THE COUNCIL OF THE CITY OF FORT COLLINS AUTHORIZING THE PURCHASE OF LAND LOCATED AT 725 EAST VINE DRIVE FOR A STREETS DEPARTMENT FACILITY WHEREAS, Council passed Resolution 90-180 in December 1990, giving initial authorization for the purchase of the land located at 725 East Vine Drive and for the subsequent planning of the site for a Streets Department facility; and WHEREAS, current Streets Department facilities are dispersed throughout the City and lack the necessary storage to best provide services to the community; and WHEREAS, current facilities cannot accommodate thr -uture needs of the Department as it grows in response to the City's increasing need for services; and WHEREAS, the facility at 725 East Vine Drive (the "Property") meets the Streets Department' s current and future needs to protect the City' s capital equipment, to ensure full -cost accounting for Department operations and to provide better customer service; and WHEREAS, the purchase of the Property is consistent with Council goals to coordinate the City's facilities according to long-range master plans; and WHEREAS, the Planning and Zoning Board approved the preliminary P.U.D. for the Property in July 1991; and WHEREAS, environmental concerns regarding the Property have been addressed; and WHEREAS, the City of Fort Collins, as Purchaser, and Weyerhaeuser, Inc. , as Seller, have agreed to the purchase and sale of the Property for Nine Hundred Forty-seven Thousand Dollars ($947,000) ; and WHEREAS, City staff and a local M.A. I . appraiser have determined that this purchase price is the fair market price for the Property; and WHEREAS, sufficient funds have been appropriated and are available to purchase the Property in the Capital Projects Reserve Fund. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS that the City Manager be, and hereby is, authorized to execute an agreement to purchase the Property located at 725 East Vine Drive described on attached Exhibit "A, " which is incorporated herein by this reference, for a price not to exceed Nine Hundred Forty-seven Thousand Dollars ($947,000) ; provided, however, that the City Manager determines that said agreement equitably divides between the parties all environmental costs and responsibilities associated with the Property. Passed and adopted at a regular meeting of the Council of the City of Fort Collins held the 4th day of August, A.D. 1992. yor ,ProTem ATTEST: City Clerk Exhibit A (Project Description) Acquisition of land and construction, installation, and equipping of a street maintenance, vehicle storage, and incidental administration building, together with all necessary incidental and appurtenant properties, facilities, equipment, and costs.