Title
A Resolution Authorizing Acquisition of a 0.789 Acre Parcel for the Sand Creek Trail
Presenter:
Emily Duncan, TOPS Trails Development Coordinator
Britt Haley, TOPS Program Manager
Body
Summary:
Parks, Recreation and Cultural Services Department staff requests approval of an acquisition of a 0.789 acre parcel containing an existing Sand Creek Trail segment and a budget transfer within the Trails, Open Space and Parks (TOPS) Fund to provide continued legal public access on the Sand Creek Trail. This request would transfer $85,000 from the TOPS Legacy Loop project to the TOPS Sand Creek Trail Planning, Acquisition and Development project. This property acquisition will provide continuous trail access under Dublin Boulevard for the Sand Creek Trail.
Background:
The property proposed for acquisition is a 0.789 acre unplatted parcel which includes a reach of the Sand Creek Trail, providing underpass connectivity at Dublin Boulevard. In the fall of 2019, the owner approached the City of Colorado Springs Parks, Recreation and Cultural Services Department with his interest in selling this property to the City. Currently, the property is owned by Ridgeview Development, LLC, Swat I LLC, and Rocolo I LLC. This property was previously pursued for acquisition to formalize public access, but liens registered against the property prevented finalizing a transaction. A review of the property's title has confirmed that the liens have now been satisfied and the property can be purchased by the City. In February of 2020, the property was appraised for a value of $81,000. The transfer of $85,000 will cover the cost of the appraisal and closing costs associated with acquisition.
As of July 31, 2020, the TOPS Legacy Loop project has a balance of approximately $1.9 million. As part of the 2020 Pikes Peak Rural Transportation Authority (PPRTA) Budget, the Pikes Peak Greenway Trail, a significant portion of Legacy Loop, received an additional $1.2 million, which ...
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