RESOLUTION NO. 48-12

 

A RESOLUTION AUTHORIZING THE PURCHASE OF REAL PROPERTY

AT 760 VALLEY COURT FROM ROAN CREEK LAND AND CATTLE COMPANY, LLC

 

Recitals.

 

A.  The City of Grand Junction has entered into a contract with Roan Creek Land and Cattle Company, LLC, for the purchase by the City of certain real property located within the proposed alignment of the 22 Road Realignment at Highway 6 Project.

 

 

Parcel #

Schedule #

Address

Zoned

Current Use

ROW Req’d (Sq ft)

Multi-Purpose Easement Req’d (Sq ft)

Temporary Easement Req’d (Sq ft)

R/W-201

2697-361-22-001

760 Valley Court

I-1

Industrial

72,276

  

MPE-201

2697-361-22-001

760 Valley Court

I-1

Industrial

 

7,998

 

TE-201

2697-361-22-001

760 Valley Court

I-1

Industrial

  

6,241

Total Sq Ft. = 72,276 7,998 6,241

 

 

B.  The purchase contract provides that on or before December 19, 2012, 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 760 Valley Court.

 

 

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

 

1.  The property described herein and shown on Exhibit B shall be purchased for a price of $478,337. 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 Memorandum of Agreement for the Purchase Price of Certain Real Property Interests in Mesa County, Colorado for the 22 Road Realignment at Highway 6 Project between the City and Roan Creek Land and Cattle Co., LLC dated December 11, 2012 (“Agreement”) and this Resolution are hereby ratified, approved and confirmed.

 

2.  The sum of $478,337 is authorized to be paid at closing, in exchange for conveyance of the fee simple title and easements 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 Agreement, 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 19th day of December, 2012.

 

 

 

                         

           Bill Pitts, President of the Council

 

Attest:  

 

 

           

Stephanie Tuin, City Clerk

 

 

 

EXHIBIT ‘B’

 

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