RESOLUTION NO. 85-09

 

A RESOLUTION AUTHORIZING THE PURCHASE OF REAL PROPERTY AT 29 ROAD AND D ½ ROAD, IDENTIFIED BY PARCEL SCHEDULE # 2943-172-00-056 FROM UNION PACIFIC RAILROAD COMPANY

 

Recitals.

 

A.  The City of Grand Junction has entered into a contract with Union Pacific Railroad Company, 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-17 LA1Rev

2943-172-00-056

 

I-1

Industrial

49,735

  

Total Sq Ft. = 49,735

 

B.  The purchase contract provides that on or before December 1, 2009, 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 identified by parcel schedule # 2943-172-00-056 at 29 Road and D ½ Road.

 

 

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 $241,360. 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 $241,360 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 2nd day of November, 2009.

 

 

 

/s/: Teresa Coons

Attest:            President of the Council Pro Tem

 

 

 

/s/: Stephanie Tuin

City Clerk