Title
A resolution authorizing the use of eminent domain to acquire real property owned by Amerco Real Estate Company needed for the Tejon Roundabout Project
Presenter:
Mike Chaves, Engineering Manager
Body
Summary:
The City of Colorado Springs ("City") is responsible for providing a transportation system that allows travel in our community to be both safe and efficient. Currently, the City struggles to meet this responsibility at the intersection of South Tejon Street, Cascade Avenue, Ramona Avenue, and Cheyenne Boulevard. As a result, City Council approved the Tejon Roundabout Project.
The roadway improvements planned for the intersection will encroach on some existing residential and commercial properties. As a result, the City must acquire property from five owners for the Project. The Project team has negotiated settlements with four of the five owners. Negotiations with the fifth owner-AMERCO Real Estate Company (also known as U-Haul Real Estate Company) ("AMERCO")-have reached an impasse.
AMERCO is the owner of a .376 acre parcel of land at the intersection of South Tejon Street and Cascade Avenue. A parcel vicinity map is attached. The need for the Property was identified during the preliminary and final design process for the Tejon Roundabout Project and approved by the Colorado Department of Transportation ("CDOT").
The attached Resolution authorizes staff to proceed with the use of Eminent Domain to acquire a portion of the real property, two permanent easements and one temporary easement (collectively, the "Property") from AMERCO for the Tejon Roundabout Project. Staff will continue to make all reasonable efforts to reach a negotiated settlement with AMERCO; obtaining the authority to proceed with Eminent Domain will allow the City to meet the deadlines on Project construction and to avoid financial penalties associated with the City's receipt of federal funds for the Project.
Previous Council Action:
On October 25, 201...
Click here for full text