Title
A Resolution Declaring the Real Property Known as El Paso County Tax Schedule Number 7427205013 Surplus Property and Authorizing the Disposal of Such Property to Mark Hassen as the One Logical Purchaser
Presenter:
Jessica Davis, Land Resource Manager, Colorado Springs Utilities
Travas Deal, Chief Executive Officer, Colorado Springs Utilities
Body
Summary:
Colorado Springs Utilities (“Utilities”) and City Real Estate Services (“RES”) request City Council approval of a resolution declaring Utilities-controlled real property to be surplus and sold to Mark Hassen as the One Logical Purchaser.
Background:
In 1991, Colorado Springs (City) took over the Grand View Water Users Association water service territory. The City received all of Grand View’s assets, including water rights, infrastructure, and real property. As a result, the City connected the Grand View system to the City’s water system and agreed to upgrade the existing Grand View system to City standards, at the expense of the Grand View customers, over a ten-year period. The City’s Water Department believed that such an arrangement would be in the best interest of the City as a whole and would rectify the situation where the City citizens/taxpayers receive water from another supplier. Also, potential physical and legal conflicts between the two systems would be eliminated. On August 27, 1991, City Council approved the incorporation of the Grand View Water Users Association into the Colorado Springs Water Distribution System.
This parcel (“Property”) is a remanent of the Grand View Water Users Association system. The Property is 20,600 square feet and located in the Ponderosa Heights subdivision in Colorado Springs. The tax schedule number for the Property is 7427205013.
The City of Colorado Springs Procedure Manual for the Acquisition and Disposition of Real Property Interest, Revised 2021, (the “Manual”) allows for the disposition of surplus property to One Logical Purchaser. Utilities determined that it does not need fee ownership of the Property for operational or business purposes, provided that it retains a utility easement over the Property for future utility needs. The adjacent property owner, Mark Hassen, qualifies as the One Logical Purchaser under the Manual, because the Property is not independently developable and the value is less than $100,000. In addition, the Property is adjacent to only two properties. The potential purchaser, Mark Hassen is the only adjacent property owner interested and willing to purchase the Property. Utilities is in support of disposing of the Property to Mark Hassen as the One Logical Purchaser.
Previous Council Action:
N/A
Financial Implications:
Utilities will receive $25,000 from the sale of the property.
City Council Appointed Board/Commission/Committee Recommendation:
N/A
Stakeholder Process:
N/A
Alternatives:
Do not approve and retain Utilities’ ownership of the property.
Proposed Motion:
Move approval of the proposed Resolution.
Summary of Ordinance Language
N/A