Title
A Resolution Authorizing the Disposal of Surplus City Property to the Colorado Department of Transportation ("CDOT") as the One Logical, Potential Purchaser
Presenter:
Darlene Kennedy, Real Estate Services Manager
Britt Haley, Parks Design and Development Manager / TOPS Program Manager
Tim Biolchini, Stormwater Projects Coordinator
Body
Summary:
CDOT has an upcoming drainage improvement project ("Project") that will affect that certain property owned by the City of Colorado Springs at the location of Interstate 25 and Douglas Creek (the "Property").
Previous Council Action:
N/A
Background:
In 1986, the Sinton Pond Partnership conveyed the Property to the City for the purpose of "parks, outdoor recreation, trails or trail corridors, water courses, or public drainage, or all other uses that are directly appurtenant thereto".
CDOT has notified the City of its need to acquire a portion of the Property, approximately 26,262 square feet, for completion of the Project. The City offered to convey a license or a lease to CDOT; however due to the significant financial commitments associated with this Project, these options were not acceptable to CDOT.
Upon conveyance of the Property to CDOT, the City will be able to retain all necessary property rights for the existing uses on the Property, such as the Sinton Trail and utility services. The City will be able to continue to use the Property as was originally intended at the time of the conveyance to the City. In addition, CDOT will take over the perpetual maintenance of the Property to include the existing drainage channel, which will relieve the City of substantial obligations in the future.
This item supports the City's strategic goal relating to Building Community & Collaborative Relationships and Investing in Infrastructure. The sale of this Property will allow CDOT to complete its Project and maintain the Property in perpetuity, while still allowing the City to retain the necessary pro...
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