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HomeMy WebLinkAbout1996-090-08/06/1996-40 ACRES FORTY ACRES NATURAL AREA PURPOSES PURCHASE UNIVERSITY SPORTS NETWORK INC RESOLUTION 96-90 OF THE COUNCIL OF THE CITY OF FORT COLLINS AUTHORIZING THE PURCHASE OF APPROXIMATELY FORTY ACRES OF LAND FOR NATURAL AREA PURPOSES WHEREAS, University Sports Network, Inc., an Indiana Corporation, is the owner of approximately 40 acres of land located cast of the Poudre River and south of Prospect Street in Fort Collins, more particularly described on Exhibit "A," attached hereto and incorporated herein by this reference and referred to herein as "the Property"; and WHEREAS, University Sports Network, Inc. has agreed to sell the Property to the City for the amount of$5,000 per acre, or approximately $200,000; and WHEREAS, one of the objectives of the Natural Areas Policy Plan as adopted by the City Council is to establish a system of publicly owned natural areas to protect the integrity of critical conservation sites, protect corridors between natural areas, preserve outstanding examples of Fort Collins' diverse natural heritage and provide a broad range of opportunities for educational, interpretive, and recreational programs to meet community needs; and WHEREAS, the Parks and Recreation Master Plan as adopted by the City Council delineates an open space corridor along the Cache La Poudre River within the City which includes the Property; and WHEREAS, the City Structure Plan delineates a Poudre River Corridor which includes the Property; and WHEREAS, the purchase of the Property will help the City meet the objectives of the City's Natural Areas Policy Plan, Parks and Recreation Master Plan, and Structure Plan; and WHEREAS, in the November 1992 General Election, the citizens of the City of Fort Collins approved a one-quarter cent sales tax for the purpose of acquisition and maintenance of natural areas; and WHEREAS, sufficient funds are available and appropriated in the Natural Areas Project in the Capital Projects Fund for the acquisition of said Property, and additional funds are available in the Capital Projects Fund for maintenance of the.Properly following acquisition; and WHEREAS, the Council has determined that the purchase price of said property is fair and reasonable and in the best interests of the citizens of the City; and WHEREAS,the Natural Resources Advisory Board and the Parks and Recreation Board have recommended to the Council that the acquisition of the Property be completed. NOW, TIIEREFORE, BE IT RESOLVED BY THE COUNCIL 01,THE CITY OF FORT COLLINS as follows: Section 1. That the City Manager and Mayor be, and hereby are, authorized to execute such documents as are necessary for the City to acquire the Properly comprising approxiinately forty (40) acres of land, as described on Exhibit "A," for $5,000 per acre. Section 2. That the Properly, while owned by the City, shall be used solely as a public natural area, and that in the event that the City Council subsequently determines that it is in the best interests of the City to sell or otherwise dispose of all or any portion of the Property, the proceeds Of such sale shall be dedicated to the acquisition or maintenance of other public natural areas. Passed and adopted at a regular meeting of the Council of t ity Fort Collin d this 6th day of August A.D. 1996. Mayor t._ ATT�JTES((��T: �IIG.uAI�_ City Clerk �— EXHIBIT A Lot 4 of the SEl/4 of the NEl/4 of Section 20, Township 7 North, Range 68 West of the 6th P.M., TOGETHER WITH an easement over the West 20 feet of the East 40 feet of Lot I, which is the NE1/4 of NEI/4 of Section 20, Township 7 North, Range 68 West of the 6th P.M., said easement to be used for access for ingress and egress and for the installation and maintenance of utilities.