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HomeMy WebLinkAbout2003-047-04/01/2003-AUTHORIZING AN INTERGOVERNMENTAL AGREEMENT WITH LARIMER COUNTY FOR THE JOINT ACQUISITION AND OWNERSH RESOLUTION 2003-047 OF THE COUNCIL OF THE CITY OF FORT COLLINS AUTHORIZING AN INTERGOVERNMENTAL AGREEMENT WITH LARIMER COUNTY FOR THE JOINT ACQUISITION AND OWNERSHIP OF APPROXIMATELY 1,540 ACRES KNOWN AS THE INDIAN CREEK PROPERTY WHEREAS, Larimer County has negotiated to acquire approximately 1,540 acres of foothills property between the Rimrock Open Space and the Devil's Backbone Open Space, which property is a portion of Sections 19, 20, 29, 30 and 31 in Township 6N, Range 69W and a portion of Sections 24 and 25, Township 6 N, Range 70W, in Larimer County, and is shown on Exhibit "A", attached hereto and incorporated herein by this reference (the "Property"); and WHEREAS, the Property includes large cottonwoods along Indian Creek, an active golden eagle nest along the rimrock outcrops, and spectacular views, and the acquisition of the Property will allow the County to construct a trail that will connect the Coyote Ridge/Rimrock trail to the Devil's Backbone Open Space and to Horsetootih Mountain Park; and a WHEREAS, the purchase price of the Property will be based upon ,a professional appraisal, and will be no more than $3,500/acre and no more than $4,500/acre; and ' r WHEREAS, City staff has negotiated with Larimer County an IntergoVk ental Agreement regarding the joint acquisition and ownership of the Property, a copy of whidated March 28, 2003 (the "IGA"), is on file in the office of the City Clerk and available for public inspection; and WHEREAS, the IGA provides that after the County proceeds to acquire the Property, the City would pay to the County an amount equal to 75% of the purchase price, and the County would in return convey to the City an undivided 75% interest in that Property; and „ WHEREAS, the funds required for the City's maximum purchase price obligation under the IGA, in the amount of $5,197,000, are appropriated and available in the Open Lands Fund for 2003; and WHEREAS, the IGA requires that the City and the County work together to develop a management plan for the Property on or before December 31, 2005, to be approved by the County Manager and the City Manager; and WHEREAS, the IGA further designates Larimer County as the managing entity for the Property, requires the managing entity to be responsible for management costs related to the Property, and allows revenues generated from the Property to be retained by the managing entity to cover management costs and improvements consistent with the management plan; and l r" WHEREAS, the City is authorized to enter into intergovernmental agreements to provide any function, service or facility, such as a grant agreement, as provided in Article II, Section 16 of the Charter of the City of Fort Collins and Section 29-1-203, C.R.S. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS that the Mayor is hereby authorized to enter into the IGA, upon the terms and conditions described above and such other terms and conditions, or subsequent modifications or amendments, as the City Manager, in consultation with the City Attorney, determines to be necessary and appropriate to protect the interests of the City and effectuate the purposes set forth herein, not otherwise inconsistent with this Resolution. A' Passed and adopted at a regular meeting of the City Council field this 1st day of April, A.D. 2003. Mayor ATTEST: '1 1 d City Clerk r 7 EXHIBIT "A" Foothills Open Space Protection Vision PaA Ft Collins Eon.r�oau�� ` Pnk i t C Finae PZMU 6Qa td i ( ohm Long Vuw ;,x Indian C reef {J 11 5 �i 0 { { Loveland " 46 ` - M J61 Protected Land Status Land Development Status Other Elements , [Q Property under discussion Q Land Under Development Landfill Q Protected Public Lands ®Proposed Development Trails : ®Conservation Easements Q Subdhisions Q City limits ` Right ofFirst Refusal Open Water 0.6 0 0.6 Miles ® g Q Foisting 35-acre Development Roads