Title
Ordinance No. 21-34 amending Ordinance No. 20-92 (2021 Appropriation Ordinance) for a Supplemental Appropriation to the Trails, Open Space and Parks Fund in the Amount of $2,797,113 for the Phase II Acquisition of Approximately 61 Acres of Property Known as the Pikeview Frontage Property from The Conservation Fund for the Purpose of Public Open Space and Trails in the Mountain Shadows Candidate Open Space Area.
Presenter:
Britt I. Haley, Parks, Recreation and Cultural Services Department, TOPS Program Manager
Body
Summary:
On June 9, 2020 the Colorado Springs City Council unanimously approved and authorized the purchase of a 153 acre property known as the Pikeview Quarry Buffer Property (Property) in two phases from The Conservation Fund. This supplemental appropriation request would fulfill the contract and purchase the balance of the Property consisting of approximately 61 acres, located between the Oak Valley Ranch subdivision and the Pikeview Quarry with frontage on Allegheny Road.
Background:
On June 9, 2020 the Colorado Springs City Council unanimously approved and authorized the purchase of a 153 acre property known as the Pikeview Quarry Buffer Property (Property) in two phases. This was conducted in a first time partnership with The Conservation Fund (TCF). TCF is a national nonprofit organization, committed to assist municipalities, local governments and land trusts with the acquisition and conservation of open space properties. TCF and the City completed a "buy and hold" agreement, whereby TCF purchased the property and immediately sold Phase I, consisting of approximately 92 acres to the City. TCF agreed to hold the remaining approximately 61 acres of property for purchase by the City at the same price for up to eighteen (18) months. This supplemental appropriation request would fulfill the contract and purchase the balance of the Property, which is located between the Oak Valley Ranch subdivision and the Pikeview Quarry with fro...
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