HomeMy WebLinkAbout1981-164-11/17/1981-AUTHORIZING THE EXECUTION OF AN AGREEMENT OF SALE AND PURCHASE FOR A 3.86 ACRE ELECTRICAL SUBSTATION RESOLUTION 81-164
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE EXECUTION OF AN AGREEMENT
OF SALE AND PURCHASE FOR A 3 86 ACRE
ELECTRICAL SUBSTATION SITE NEAR DRAKE AND
TAFT HILL ROADS
WHEREAS, the City Light and Power Utility' s long range plan to serve
the projected customer needs within the urban growth area demonstrates the
requirement for an electrical substation near the intersection of Drake and
Taft Hill Roads, and
WHEREAS, William H Heinemann, Jr and Pernecia Heinemann (Heinemann)
are the owners of a 3 86 acre site at said location, and
WHEREAS, Heinemann is willing to convey said property, in fee simple
absolute, free and clear of all liens and encumbrances, in consideration of
the payment by the City of the sum of SIXTY-FOUR THOUSAND SIX HUNDRED AND
EIGHTY DOLLARS ($64,680) , and
WHEREAS, funds for the aforesaid purchase have been appropriated in
the 1981 Light and Power Utility budget, and
WHEREAS, it has been determined by the Council of the City of Fort
Collins that said purchase is in the best interests of the citizens of Fort
Collins
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS, that the Mayor be, and he hereby is, authorized to enter into an
agreement for sale and purchase of a 3 86 acre substation site near the
intersection of Drake and Taft Hill Roads, said site to be purchased by
the City for and in consideration of the payment of the sum of SIXTY-FOUR
THOUSAND SIX HUNDRED AND EIGHTY DOLLARS ($64,680) to William H Heinemann,
Jr and Pernecia Heinemann, the present owners of said site, which owners
shall convey said property to the City in fee simple absolute, and free and
clear of all liens and encumbrances
Passed and adopted at a regular meeting of the Council of the City of
Fort Collins held this 17th day of November, 1981
Mayo
ATTEST
City C er