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 '
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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
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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.
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Passed and adopted at a regular meeting of the City Council field this 1st day of April,
A.D. 2003.
Mayor
ATTEST:
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City Clerk r
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EXHIBIT "A"
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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