HomeMy WebLinkAbout1983-208-12/20/1983-AUTHORIZING THE EXECUTION OF AN AGREEMENT OF SALE AND PURCHASE FOR A 1.54 ACRE ELECTRICAL SUBSTATION RESOLUTION 83-208
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE EXECUTION OF AN AGREEMENT
OF SALE AND PURCHASE FOR A 1 54 ACRE
ELECTRICAL SUBSTATION SITE IN LINDEN TECH CENTER
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 in the vicinity of Linden Tech
Center and
WHEREAS, Phyllis Mattingly (Mattingly) is the owner of a 1 54 acre
site at said location, and
WHEREAS, Mattingly 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 one hundred eight thousand and
no/100 dollars ($108,000), and
WHEREAS, funds for the aforesaid purchase have been appropriated in
the 1983 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 1 54 acre substation site near the
Linden Tech Center, said site to be purchased by the City for and in
consideration of the payment of the sum of One Hundred Eight Thousand and
no/100 ($108,000) to Phyllis Mattingly, the present owner of said site,
which owner shall convey said property of 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 20th day of December, 1983
Mayor
ATTEST
City Clerk
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