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|10 10|31,967|10 10|Total|10 10|31,967|10 10|
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...
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