Title
A resolution authorizing the acquisition of property owned by Carl and Hazelene Jordan to be used for the Woodmen Road Corridor Improvements Project (Phase 2) and authorizing a short-term lease of that property to Carl and Hazelene Jordan for less than fair market value after the acquisition
Body
From:
Dave Lethbridge, Interim Public Works Director
Stuart King, Capital Projects Engineering Manager
Summary:
The attached Resolution authorizes staff to proceed with the acquisition of property needed for the Woodmen Road Corridor Improvements Project (Phase 2). Carl and Hazelene Jordan are the owners of a 2.50 acre parcel of land known as 2580 East Woodmen Road. A parcel vicinity map is attached as Exhibit A. This property includes a two-story house with a two-car garage. The need for this property acquisition was identified during the preliminary and final design process for the Woodmen Road Corridor Improvements Project (Phase 2) and approved by the Colorado Department of Transportation (CDOT). The Resolution also authorizes staff to execute a temporary and revocable lease agreement granting the Jordan family use of the property between closing on this property and moving to their replacement dwelling at a rental rate below fair market value. This lease may need to be in effect for up to 180 days. A sample lease agreement is attached as Exhibit B. The terms of the lease include the agreement that the Jordan family will not pay to lease their property back from the City, but will be responsible for paying all utilities and insuring the contents of the house.
Previous Council Action:
? On February 22, 2000, City Council approved the first phase of funding $1,788,134 for the widening of Woodmen Road from I-25 to Lexington Drive
? On November 12, 2002, City Council approved increased funding to $7,033,400 for the widening of Woodmen Road from I-25 to Powers Boulevard
? On June 22, 2004, City Council approved increased fund...
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