Title
A Resolution Declaring a Portion of the Property Known as El Paso County Tax Schedule Number 5400000263 Surplus Property and Authorizing the Disposal of Such Property to Contrarian Airport LLC as the One Logical Purchaser.
Presenter:
Travas Deal, Chief Executive Officer, Colorado Springs Utilities
Jessica Davis, Land Resource Manager, Colorado Springs Utilities
Body
Summary:
Colorado Springs Utilities (“Utilities”) and City Real Estate Services Office (“RES”) request City Council approval of a resolution declaring Utilities-controlled real property to be surplus and sold to Contrarian Airport LLC as the One Logical Purchaser.
Background:
In the early 1990’s, The City of Colorado Springs on behalf of its enterprise Colorado Springs Utilities purchased properties for a future substation site on Marksheffel Road east of the airport, including the property known by El Paso County Tax Schedule Number 5400000263 (the “Property”).
When El Paso County realigned and reconstructed Marksheffel Road the Property was divided into two portions. The adjacent property owner to the west of the Property, Contrarian Airport LLC, is unable to access Marksheffel Road due to the alignment change. After several discussions with Contrarian Airport LLC and Public Works, it was determined the best way for Contrarian Airport LLC to access Marksheffel Road was through a portion of the Property located on the west side of Markesheffel Road.
Utilities determined that the portion of the Property located on the east side of Marksheffel Road is sufficient for Utilities’ planned infrastructure needs and that the portion of the property on the westside of Marksheffel is no longer required for this purpose. Utilities is in support of disposing of the west portion of the Property, which is approximately 3.5 acres, to Contrarian Airport LLC as the One Logical Purchaser.
Pursuant to Chapter 9 of the City of Colorado Springs Procedure Manual for the Acquisition and Disposition of Real Property Interests, Revied 2021 (“RES Manual”), an independent appraiser determined the Fair Market Value of the property to be $20,000.00. In accordance with Section 5.6(d) of the RES Manual, disposal of the west portion of the Property to Contrarian Airport LLC meets the criteria for One Logical Purchaser, because (a) the property is not independently developable, (b) the Fair Market Value is less than $100,000, and (c) the property could reasonably be owned by or maintained by the only adjacent property owner Contrarian Airport LLC. Utilities will retain a public improvement and utility easement across the portion of the Property that is to be disposed of.
In accordance with Section 5.2 of the RES Manual, RES has consulted with other City departments and enterprises through the Buckslip Process. Public Works has requested that a public improvement easement be retained across the entire disposal parcel. No other City departments or enterprises have expressed interest in maintaining fee ownership of, or reserving easements on, the Property.
According to Chapter 5 of the RES Manual, City Council approval is needed to declare the Property as surplus and authorize the sale to Contrarian Airport LLC as the One Logical Purchaser.
Previous Council Action:
N/A
Financial Implications:
N/A
City Council Appointed Board/Commission/Committee Recommendation:
N/A
Stakeholder Process:
N/A
Alternatives:
Do not approve the attached resolution and retain ownership of the property.
Recommended Action
Proposed Motion:
Move approval of the proposed Resolution.
Summary of Ordinance Language
N/A