Title
A Resolution Declaring Real Property to be Surplus, Authorizing the City's Real Estate Services Office to Retain a Consultant to Aid in Disposition, and Authorizing the Disposal of Real Property for at least the Fair Market Value
Presenter:
Earl Wilkinson, III, Chief Water Services Officer, Colorado Springs Utilities
Eric Tharp, Acting Chief Executive Officer, Colorado Springs Utilities
Body
Summary:
Colorado Springs Utilities ("Utilities") and City Real Estate Services Office staff request City Council approval of a resolution declaring real property to be surplus and authorizing the City's Real Estate Services Office to retain a consultant to aid in the disposition.
Previous Council Action:
City Council previously authorized the purchase of the Pueblo West properties for purposes of the Southern Delivery System project.
Background:
In September of 2009, City Council approved Resolution 198-09, authorizing the acquisition of a number of properties needed for the first phase of the Southern Delivery System Project (SDS), including the six properties identified below (the "Properties"). In Resolutions 315-09, 47-10, and 115-10, City Council further authorized closing on the acquisition of the Properties.
The Properties consist of the following:
1. APN 95-290-11-047 - 1051 E. Linda Avenue, Pueblo, CO 81007
2. APN 95-320-26-011 - 1080 E. Desert Cove Drive, Pueblo, CO 81007
3. APN 05-050-10-011 - 1078 E. Marengo Drive, Pueblo, CO 81007
4. APN 05-050-05-020 - 1070 E. Sequoya Drive, Pueblo, CO 81007
5. APN 05-080-06-016 - 1112 E. Paramount Drive, Pueblo, CO 81007
6. APN 05-080-10-006 - 1133 E. Industrial Boulevard, Pueblo, CO 81007
All of the Properties are located in Pueblo County within the Pueblo West Metropolitan District community and were acquired in fee for SDS. At the time of acquisition, all of the Properties were improved with single family residences; however, due to the proximity of the improvements to the pipeline constructi...
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