Title
A Resolution authorizing the acquisition of real property, permanent easements and temporary easements using PPRTA funds for the Marksheffel Road - North Carefree to Dublin Project.
Presenter:
Travas Deal, Chief Executive Officer, Colorado Springs Utilities
Jessica Davis, Land Resource Manager, Colorado Springs Utilities
Body
Summary:
The acquisition proposal would authorize the City of Colorado Springs Real Estate Services Manager and the Public Works Director to enter into Real Estate Purchase and Sale Agreements with the property owners for the utility easement, as set forth in the table below, known as the “Property,” in connection with the Marksheffel Road - North Carefree to Dublin Project (the “Project”):
|
Property Owner |
Right-of-way (Square Feet) |
Utility Easement CSU (Square Feet) |
Temporary Construction Easement (Square Feet) |
|
Stetson Hills Property Owner LLC |
0 |
31,967 |
0 |
|
Total |
0 |
31,967 |
0 |
The negotiated purchase price of the Properties is shown below:
|
Property Owner |
TSN |
Acquisition Amount |
|
Stetson Hills Property Owner, LLC |
5321001005 |
$167,800.00 |
Background:
The Project was identified by the Pikes Peak Rural Transportation Authority (“PPRTA”) as an “A-list” priority project. The PPRTA committed funding for the Project, which commenced construction in May 2023, and is anticipated to be completed in December 2026.
The Property to be acquired will allow for the widening of Marksheffel Road and for the construction of the corresponding infrastructure (see attached Location Map for Project location).
Included in the acquisition of the Properties for the Project are permanent easements to be acquired on behalf of Colorado Springs Utilities. The costs of acquiring those easements will be reimbursed to PPRTA pursuant to an existing agreement.
Pursuant to Chapter 9 of The City of Colorado Springs Procedure Manual for the Acquisition and Disposition of Real Property Interests, Revised 2021 (“RES Manual”), an appraisal for the Properties and affected improvements was obtained, which supports the total purchase price of $167,800.00 Pursuant to the RES Manual, City Council must approve property acquisitions if the total acquisition amount of the property interest acquired in the transaction exceeds $100,000.
Following City Council approval, the PPRTA Board is scheduled to consider the acquisition at the May 14, 2025 meeting.
Staff requests that City Council approve the Resolution for acquisition of the Properties. Additionally, the attached Resolution authorizes the City’s Real Estate Services Manager and the Public Works Director to execute all documents necessary to complete the acquisition.
Previous Council Action:
On August 23, 2022, City Council endorsed the extension of the Pikes Peak Rural Transportation Authority Capital Program in Resolution No. 121-22. Subsequently, on November, 2022, the citizens approved Ballot Issue 5A extending the PPRTA Capital Program until December 31, 2034, and the issue included this Project.
Financial Implications:
This acquisition cost for the Properties is accounted for in the Project budget.
City Council Appointed Board/Commission/Committee Recommendation:
N/A
Stakeholder Process:
The Property Owners have been engaged with the Project throughout the engineering phase and property acquisition phase.
Alternatives:
To disapprove of the Resolution and not authorize the City to acquire the Properties.
To approve the Resolution and authorize the City to acquire the Properties.
Recommended Action
Proposed Motion:
Move approval of the proposed Resolution authorizing purchase of the Properties needed for the Marksheffel Road - North Carefree to Dublin Project.
Summary of Ordinance Language
N/A