Title
A Resolution Authorizing the Acquisition of a Portion of Real Property to be used for the Rock Island Substation Relocation Project
Presenter:
Jessica K. Davis, Land Resource Manager, Colorado Springs Utilities
Body
Summary:
Colorado Springs Utilities (“Utilities”) requests that City Council approve a resolution that will allow Utilities to purchase a portion of real property identified as El Paso County Tax Schedule Number 6402307027 as part of the Rock Island Substation Relocation Project.
Background:
Utilities is seeking approval to purchase land for the future relocation of the Rock Island Substation (the “Substation”). The Substation will require 5-10 acres of land near the existing substation located in the middle of Academy Blvd, south of Constitution Avenue and north of La Salle Street.
The current site, located in the median of Academy Boulevard, poses safety risks due to traffic exposure and limits expansion due to its small footprint. Relocating the Substation will improve safety, allow for modernization, and support future load growth, resource expansion, and enhanced grid reliability and resiliency.
Pursuant to the provisions of the Colorado Springs City Charter, the City is empowered to acquire real property necessary for Utilities’ projects. Sections 4.1 and 9.6 of The City of Colorado Springs Procedure Manual for the Acquisition and Disposition of Real Property Interests, Revised 2021 (the “RES Manual”) provides that if the total acquisition amount is greater than $100,000, City Council must approve the acquisition amount.
Utilities is requesting authorization from City Council to acquire a portion of the real property for a purchase price of $355,000, which is supported by a real estate appraisal conducted by an independent real estate appraiser.
Previous Council Action:
N/A
Financial Implications:
This property acquisition is accounted for in Utilities’ 2025 and 2026 project budget.
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