Title
A Resolution authorizing a land exchange between the City of Colorado Springs and James B. Klein (aka James Klein aka James Bruce Klein), Date Street, LLC, and The Shoppee LLC, and approving the payment of $107,500.00 for land and easements in connection with the Park Vista Drainage Improvement Project
Presenter:
Gayle Sturdivant, PE, PMP, City Engineer/Deputy Public Works Director
Kellie Billingsley, Real Estate Services Manager
Body
Summary:
This is a proposal for a land exchange to allow for the acquisition of ten (10) parcels and five (5) easements from James B. Klein (aka James Klein aka Bruce Klein), Date Street, LLC and The Shoppee LLC (collectively "Klein") and the conveyance of three (3) parcels owned by the City of Colorado Springs ("City") to Klein in connection with the Park Vista Drainage Improvement Project ("Project").
Background:
The City of Colorado Springs ("City") is currently soliciting bidders to construct the Project, and construction is anticipated to start in January 2025 with expected completion in July 2026.
The proposed property exchange will allow for the construction of channel improvements to the Templeton Gap Floodway (see location map for Project location).
Klein owns ten (10) properties within the Park Vista area required for the Project, totaling approximately 68,500 square feet of land identified by El Paso County Tax Schedule Numbers 6326211026, 6326211023, 6326211028, 6326211030, 6326211031, 6326211033, 6326211014, 6326211034, 6326211012, 6326211005 ("Klein Properties"). Collectively the Klein Properties are valued at $207,300.00
The Project also requires five (5) permanent easements, totaling 21,350 square feet on properties owned by Klein identified by El Paso County Tax Schedule Numbers 6326208003, 6326208001, 6326208004, 6326208005, 6326207001 ("Klein Easements"). Collectively the Klein Easements are valued at $79,000.00.
The City of Colorado Springs ("City") owns three (3) properties within the ...
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