RESOLUTION NO. 116-04

 

A RESOLUTION AUTHORIZING THE PURCHASE OF REAL PROPERTY

AT 404 NOLAND AVE FROM TERRY A GANGLE

 

Recitals.

 

A.  The City of Grand Junction has entered into a contract with Terry A Gangle for the purchase by the City of certain real property located within the proposed alignment of the Riverside Parkway. The street address of the property is 404 Noland Ave and the Mesa County Assessor parcel number is 2945-232-01-007, designated as Project Parcel No. E-12.

 

B.  The purchase contract provides that on or before November 17, 2004, the City Council must ratify the purchase and the allocation of funds for all expenses required to effectuate the purchase of said property.

 

C.  Based on the advice and information provided by the City staff, the City Council finds that it is necessary and proper that the City purchase said property.

 

NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF GRAND JUNCTION, COLORADO, THAT:

 

1.  The above described property shall be purchased for a price of $365,000.00. In addition, the City pays a relocation benefit of $12,189.00 for a payment “in lieu of” moving expenses as the owner will not be relocating the business at this time. The total acquisition cost is $377,189.00. All actions heretofore taken by the officers, employees and agents of the City relating to the purchase of said property which are consistent with the provisions of the negotiated Contract to Buy and Sell Real Estate and this Resolution are hereby ratified, approved and confirmed.

 

2.  Said $377,189.00 is authorized to be paid at closing, in exchange for conveyance of the fee simple title to the described property.

 

3.  The officers, employees and agents of the City are hereby authorized and directed to take all actions necessary or appropriate to complete the purchase of the described property. Specifically, City staff is directed to effectuate this Resolution and the existing Contract to Buy and Sell Real Estate, including the execution and delivery of such certificates and documents as may be necessary or desirable to complete the purchase for the stated price.

 

PASSED and ADOPTED this 17th day of November, 2004.

 

             /s/: Bruce Hill

Attest:              President of the Council

 

/s/: Stephanie Tuin

City Clerk