Title
A Resolution Declaring the Real Property Known as El Paso County Tax Schedule Number 7405331001 Surplus Property and Authorizing the Disposal of Such Property by Listing the Property with a Real Estate Consultant
Presenter:
Jessica Davis, Land Resource Manager, Colorado Springs Utilities
Travas Deal, Chief Executive Officer, Colorado Springs Utilities
Body
Summary:
Colorado Springs Colorado Springs Utilities requests Council approval to dispose of a
2.3-acre parcel of real property located at Charcas Road in Manitou Springs.
Background:
The City of Colorado Springs on behalf of its enterprise Colorado Springs Utilities purchased a parcel located along Charcas Road, in Manitou Springs, in 1928 for $300.00. Due to its location, nearby property owners have requested fire mitigation to be done on the property for insurance purposes. The property's maintenance has cost Utilities approximately $40,000 over the last five years. Utilities does not have a need for the entire parcel and only needs an easement for existing electric infrastructure. Utilities recommends that Council determine that the property is surplus and authorize the disposal of the property and reservation of an easement for the electric line. Utilities would like to list the property for sale with a real estate consultant in accordance with section 5.7 of the RES Manual. Pursuant to Chapters 5 and 9 of the RES Manual, an independent appraiser determined the Fair Market Value of the Disposal Property to be $175,000. If authorized, the property will be listed for no less than $175,000.
Previous Council Action:
N/A
Financial Implications:
Utilities will receive approximately $175,000 from the sale of the property.
City Council Appointed Board/Commission/Committee Recommendation:
Utilities Board recommended approval of the proposed resolution at its regular meeting on October 22, 2025.
Stakeholder Process:
N/A
Alternatives:
Do not approve the disposal of the prop...
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