HomeMy WebLinkAbout2013-033-04/16/2013-AUTHORIZING THE ACCEPTANCE OF A PARTIAL DONATION OF 1.345 ACRES OF REAL PROPERTY FROM INTERSTATE LAN RESOLUTION 2013-033
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE ACCEPTANCE OF A PARTIAL DONATION OF
1.345 ACRES OF REAL PROPERTY FROM INTERSTATE LAND HOLDING, LLC
FOR NATURAL AREAS PURPOSES
WHEREAS, Interstate Land Holdings, LLC ("Owner") is the owner of a parcel of real
property approximately 1.345 acres in size,more particularly described on Exhibit"A,"attached and
incorporated herein by reference (the "Property"); and
WHEREAS,the Property is located adjacent to Fossil Creek Reservoir Natural Area and near
the recently reconstructed Interstate 25/State Highway 392 interchange (the"Project"); and
WHEREAS, as part of the Project the City needs to make wetland improvements in areas
adjacent to Highway 392, and negotiated with the Owner to purchase the Property for wetland
improvements; and
WHEREAS,upon completion of the wetland improvements, the Property would be owned
and maintained by the City's Natural Areas Department as part of the Fossil Creek Reservoir Natural
Area; and
WHEREAS, the value of the Property is calculated to be $204,473; and
WHEREAS,the Owner has agreed to convey the Property to the City for a reduced price of
$25,000,donating to the City the remaining value of the Property in the amount of$179,473, subject
to the City Council's acceptance of the donation.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That the City Council hereby approves and accepts the donation of a portion
of the value of the Property as described herein.
Section 2. That the Mayor is hereby authorized to execute such documents as may be
necessary to carry out the conveyance of the Property to the City.
Passed and adopted at a regular meeting of the Council of the City of Fort Collins this 16th
day of April A.D. 2013.
Mayor
ATTEST: Of FORr
City Clerk
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Exhibit A
Property Description
Lot 3, Interstate Land Holdings Minor Land Division File No. 12-S3124; Situate in the
Southwest Quarter of Section 15, Township 6 North, Range 68 West of the 6th P.M.; County of
Larimer, State of Colorado.
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