CITY OF GRAND JUNCTION, COLORADO

 

RESOLUTION NO. 154-08

 

A RESOLUTION AUTHORIZING THE PURCHASE OF REAL PROPERTY

AT 477 29 ROAD AND 2898 I-70 BUSINESS LOOP FROM CTS VALLEY PROPERTIES, LLC

 

Recitals.

 

A.  The City of Grand Junction has entered into a contract with CTS Valley Properties, LLC, for the purchase by the City of certain real property located within the proposed alignment of the 29 Road and I-70B Interchange.

 

 

Parcel #

Schedule #

Address

Zoned

Current Use

ROW Req’d (Sq ft)

Multi-Purpose Easement Req’d (Sq ft)

Temporary Easement Req’d (Sq ft)

H-28A

2943-181-00-042

477 29 Road

C-2

Commercial

2,278

  

H-28B

2943-181-00-042

477 29 Road

C-2

Commercial

266

  

H-23PE Rev

2943-181-12-002

2898 I-70 Business Loop

I-1

Commercial

 

5,753

 

H-28PE1

2943-181-00-042

477 29 Road

C-2

Commercial

 

2,160

 

H-23PE2

2943-181-12-002

2898 I-70 Business Loop

I-1

Commercial

 

978

 

H-23TE

2943-181-12-002

2898 I-70 Business Loop

I-1

Commercial

  

507

H-28TE1

2943-181-00-042

477 29 Road

C-2

Commercial

  

540

H-28TE2 Rev2

2943-181-00-042

477 29 Road

C-2

Commercial

  

154

Total Sq Ft. = 2,544 8,891 1,201

 

B.  The purchase contract provides that on or before December 17, 2008, the City Council must ratify the purchase and the allocation of funds for all expenses required to effectuate the purchase of the 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 a portion of the property at 477 29 Road and 2898 I-70 Business Loop.

 

 

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

 

1.  The property described herein shall be purchased for a price of $186,521. 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.  The sum of $186,521 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 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 December, 2008.

 

 

             /s/ Gregg Palmer        

Attest:              Gregg Palmer, President of the Council

 

 

/s/ Stephanie Tuin        

Stephanie Tuin, City Clerk