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HomeMy WebLinkAbout1989-164-09/05/2003-AUTHORIZING THE MAYOR TO EXECUTE A DEED CONVEYING A TEN-FOOT STRIP OF LAND IN FOX MEADOWS SUBDIVISIO RESOLUTION 89-164 OF THE COUNCIL OF THE CITY OF FORT COLLINS AUTHORIZING THE MAYOR TO EXECUTE A DEED CONVEYING A TEN-FOOT STRIP OF LAND IN FOX MEADOWS SUBDIVISION TO AMERICAN CONTINENTAL CORPORATION AND ACCEPTING AN EIGHTEEN-FOOT STRIP OF LAND IN FOX MEADOWS SUBDIVISION CONVEYED BY AMERICAN CONTINENTAL CORPORATION TO THE CITY WHEREAS, on March 2, 1988, American Continental Corporation conveyed the east five feet of Lot 18 and the west five feet of Lot 17, Block 10, Fox Meadows Subdivision in the City of Fort Collins (Parcel A) to the City to be used for a bicycle/pedestrian pathway; and WHEREAS, subsequent to the aforesaid conveyance, circumstances have developed which have resulted in the necessity of exchanging the above-described property for a new conveyance from American Continental Corporation for an eighteen-foot strip of land located on and across Lot 17, Block 10, Fox Meadows Subdivision in the City, (Parcel B) being more particularly described as follows: A parcel of land located in Lot 17, Block 10 of Fox Meadows Subdivision to the City of Fort Collins, County of Larimer, State of Colorado, more particularly described as follows: Beginning at the Northeast corner of said Lot 17, thence N 89*37144" W, along the North line of said Lot 17, 10.00 feet to the point of beginning, thence S 00022'16" W, 88.57 feet to the southerly line of said Lot 17, thence along said line N 89'37'44" W, 18.00 feet, thence N 00"22'16" E 88.57 feet to the North line of said Lot 17, thence S 89°37'44" E along said North line 18.00 feet to the point of beginning; and WHEREAS, in consideration of the conveyance of Parcel B to the City, the City Council does hereby find that Parcel A is not used or intended to be used for municipal purposes or secured for the purpose of being used for municipal purposes, and that it is in the best interests of the City that said parcel of property be conveyed to American Continental Corporation; and WHEREAS, the Council does further desire to accept the conveyance by American Continental Corporation to the City of Parcel B. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows: Section 1. That the Mayor be, and he hereby is, authorized to execute a special warranty deed conveying Parcel A to American Continental Corporation. Section 2. That the Council does hereby accept the conveyance of Parcel 8 to the City from American Continental Corporation. Passed and adopted at a regular meeting of the Council of the City of Fort Collins held this 5th day of September, A.O. 1989. Mayor A,ZTEST: W�". City Clerk