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.