Title
A Resolution Declaring the Real Property Known as Teller County Tax Schedule Number R0014623 / 3745.074000090 Surplus Property and Authorizing the Disposal of Such Property
Presenter:
Jessica Davis, Land Resource Manager, Colorado Springs Utilities
Travas Deal, Chief Executive Officer, Colorado Springs Utilities
Body
Summary:
Colorado Springs Utilities ("Utilities") requests Council determine that approximately 1.67 acres of real property located at 1763 County Road 421 in Florissant, Colorado is surplus and authorize the disposal thereof.
Background:
Section 5.3 of the RES Manual requires that Council must deem City-owned property "surplus" prior to the disposal of such property. Utilities purchased the property, located at 1763 County Road 421, Florissant, for the Old Twin Rocks Pump Station, which was constructed in 1965-1966 to boost water that was being gravity fed to the North Slope Reservoirs and also included an underground surge tank. The pump station and tank were replaced in 1980 when a new pump station was constructed on the same site as the Divide Pump Station. The building, pumps, and tank have been removed from the Property due to environmental and safety concerns. Utilities does not have a need for the parcel and only needs to retain an easement for the 30-inch raw water main.
Utilities recommends that Council determine that the property is surplus and authorize the disposal of the property and reservation of an easement for the 30-inch raw water main. Utilities has listed 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 Property to be $45,000. Utilities is currently under contract to sell the property for the purchase price of $45,000. If the sale of the property closes, Utilities will retain an easement for the 30-inch raw water line.
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